Page 1

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington , D.C. 20549 FORM 10 - K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31 , 2020 Commission File Number : 1-10853 TRUIST FINANCIAL CORPORATION ( Exact name of registrant as specified in its charter ) North Carolina ( State or other jurisdiction of incorporation or organization ) 214 North Tryon Street Charlotte , North Carolina ( Address of principal executive offices ) Registrant's telephone number , including area code : 56-0939887 ( I.R.S. Employer Identification No. ) Securities registered pursuant to Section 12 ( b ) of the Act : Title of each class Large accelerated filer Non - accelerated filer 28202 ( Zip Code ) ( 336 ) 733-2000 Common Stock , $ 5 par value Depositary Shares each representing 1 / 1,000th interest in a share of Series F Non - Cumulative Perpetual Preferred Stock Depositary Shares each representing 1 / 1,000th interest in a share of Series G Non - Cumulative Perpetual Preferred Stock Depositary Shares each representing 1 / 1,000th interest in a share of Series H Non - Cumulative Perpetual Preferred Stock Depositary Shares each representing 1 / 4,000th interest in a share of Series I Perpetual Preferred Stock 5.853 % Fixed - to - Floating Rate Normal Preferred Purchase Securities each representing 1 / 100th interest in a share of Series J Perpetual Preferred Stock Depositary Shares each representing 1 / 1,000th interest in a share of Series O Non - Cumulative Perpetual Preferred Stock Depositary Shares each representing 1 / 1,000th interest in a share of Series R Non - Cumulative Perpetual Preferred Stock Securities registered pursuant to Section 12 ( g ) of the Act : None Trading Symbol TFC TFC.PF TFC.PG TFC.PH TFC.PI TFC.PJ TFC.PO TFC.PR Name of each exchange on which registered New York Stock Exchange New York Stock Exchange New York Stock Exchange New York Stock Exchange New York Stock Exchange New York Stock Exchange New York Stock Exchange New York Stock Exchange Indicate by check mark if the registrant is a well - known seasoned issuer , as defined in Rule 405 of the Securities Act . Yes No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15 ( d ) of the Act . Yes No Indicate by check mark whether the registrant ( 1 ) has filed all reports required to be filed by Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 during the preceding 12 months ( or for such shorter period that the registrant was required to file such reports ) , and ( 2 ) has been subject to such filing requirements for the past 90 days . Yes No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S - T ( §232.405 of this chapter ) during the preceding 12 months ( or for such shorter period that the registrant was required to submit such files ) . Yes No Indicate by check mark whether the Registrant is a large accelerated filer , an accelerated filer , a non - accelerated filer , smaller reporting company , or an emerging growth company . See the definitions of " large accelerated filer , " " accelerated filer , " " smaller reporting company " and " emerging growth company " in Rule 12b - 2 of the Exchange Act . Accelerated filer Smaller reporting company Emerging growth company 000 If an emerging growth company , indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13 ( a ) of the Exchange Act . Indicate by check mark whether the registrant has filed a report on and attestation to its agement's assessment of the effectiveness of its internal control over financial reporting under Section 404 ( b ) of the Sarbanes - Oxley Act ( 15 U.S.C. 7262 ( b ) ) by the registered public accounting firm that prepared or issued its audit report . Indicate by check mark whether the registrant is a shell company ( as defined in Rule 12b - 2 of the Act ) . Yes No At January 31 , 2021 , the Company had 1,347,198,511 shares of its common stock , $ 5 par value , outstanding . As of June 30 , 2020 , the aggregate market value of voting stock held by nonaffiliates of the Company was approximately $ 50.5 billion . Documents incorporated by reference : Portions of the definitive proxy statement relating to the registrant's 2021 annual meeting of stockholders are incorporated by reference in this Form 10 - K in response to Items 10 , 11 , 12 , 13 and 14 of Part III .