← TRUIST FINANCIAL CORP

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Additional Financial Items
Interest income:
Noninterest income:
Amortization of Intangible Assets $150.0m $142.0m $131.0m $164.0m $685.0m $574.0m $583.0m $527.0m $345.0m $290.0m
Amortization of intangibles $150.0m $142.0m $131.0m $164.0m $685.0m $574.0m $583.0m $527.0m $345.0m $290.0m
Bank Owned Life Insurance Income $123.0m $122.0m — — — — — — — —
Capitalized Computer Software, Amortization $224.0m $242.0m $272.0m $338.0m $862.0m $945.0m $932.0m $929.0m $896.0m $936.0m
Gain (Loss) on Investments — ($1.0m) $3.0m ($116.0m) $402.0m $0 ($71.0m) $0 ($6.7b) ($19.0m)
Goodwill impairment $0 $0 — — — $0 $0 $6.1b $0 $0
Goodwill, Impairment Loss $0 $0 — — — $0 $0 $6.1b $0 $0
Income (Loss) from Continuing Operations, Per Basic Share — — — — — — — — ($0) $4
Income (Loss) from Continuing Operations, Per Diluted Share — — — — — — — — ($0) $4
Income (loss) before income taxes $3.5b $3.3b $4.1b $4.0b $5.5b $8.0b $7.7b ($185.0m) ($601.0m) $6.3b
Interest and fees on loans and leases $6.0b $6.2b $6.9b $8.0b $13.5b $11.5b $13.3b $19.5b $19.2b $18.7b
Interest on deposits $251.0m $344.0m $644.0m $1.1b $785.0m $148.0m $1.1b $6.4b $7.8b $7.0b
Interest on long-term debt $485.0m $454.0m $683.0m $797.0m $800.0m $573.0m $791.0m $2.2b $1.8b $1.8b
Interest on other borrowings $9.0m $41.0m $111.0m $198.0m $137.0m $47.0m $385.0m $1.3b $1.3b $1.2b
Interest on other earning assets $52.0m $52.0m $66.0m $108.0m $324.0m $203.0m $622.0m $1.9b $2.3b $2.0b
Interest on securities $1.0b $1.1b $1.2b $1.3b $1.7b $2.1b $2.8b $3.1b $3.5b $3.8b
Marketing and customer development — $94.0m $102.0m $137.0m $273.0m $294.0m $352.0m $297.0m $268.0m $299.0m
Net Interest Income $6.3b $6.5b $6.7b $7.3b $13.8b $13.0b $14.3b $14.6b $14.1b $14.4b
Net Interest Income After Provision for Credit Losses $5.7b $6.0b $6.1b $6.7b $11.5b $13.8b $13.5b $12.5b $12.2b $12.5b
Net income (loss) from continuing operations — — — — — — $5.8b ($1.5b) ($45.0m) $5.3b
Net income from discontinued operations — — — — — — $488.0m $456.0m $4.9b $0
Noncontrolling interests from discontinued operations $16.0m $21.0m $20.0m $13.0m $10.0m ($3.0m) $7.0m $44.0m $22.0m $0
Other Interest and Dividend Income $52.0m $52.0m $66.0m $108.0m $324.0m $203.0m $622.0m $1.9b $2.3b $2.0b
Preferred Stock Dividends and Other Adjustments $167.0m $174.0m $174.0m $196.0m $298.0m $407.0m $333.0m $361.0m $349.0m $333.0m
Preferred stock dividends and other $167 $174 $174 $196 $298 $407 $333 $361 $349 $333
Professional fees and outside processing $102.0m $123.0m $138.0m $433.0m $1.3b $1.4b $1.4b $1.3b $1.3b $1.4b
Provision (benefit) for income taxes $1.1b $911.0m $803.0m $782.0m $981.0m $1.6b $1.4b $862.0m ($556.0m) $1.0b
Provision for credit losses $572.0m $547.0m $566.0m $615.0m $2.3b ($813.0m) $777.0m $2.1b $1.9b $1.9b
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $3.5b $3.3b $4.1b $4.0b $5.5b $8.0b $7.7b ($185.0m) ($601.0m) $6.3b
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent — — — — — — — — ($45.0m) $5.3b
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent — — — — — — — — $4.9b $0
Net Income (Loss) from Continuing Operations Available to Common Shareholders, Basic $2.3b $2.2b $3.1b $3.0b $4.2b $6.0b $5.9b ($1.5b) ($394.0m) $5.0b
Total interest income $7.1b $7.4b $8.1b $9.4b $15.5b $13.8b $16.6b $24.5b $25.1b $24.5b
Net Income (Loss) Available to Common Stockholders, Basic $2.3b $2.2b $3.1b $3.0b $4.2b $6.0b $5.9b ($1.5b) $4.5b $5.0b
Net Income (Loss) Attributable to Noncontrolling Interest $16.0m $21.0m $20.0m $13.0m $10.0m ($3.0m) $7.0m $44.0m $22.0m $0
Basic EPS from continuing operations (in dollars per share) — — — — — — $4.10 ($1.40) ($0.30) $3.87
Common Stock, Dividends, Per Share, Declared $1.15 $1.26 $1.56 $1.71 $1.80 $1.86 $2.00 $2.08 $2.08 $2.08
Diluted EPS from continuing operations (in dollars per share) — — — — — — $4.07 ($1.40) ($0.30) $3.82
Earnings Per Share, Basic $2.81 $2.78 $3.96 $3.76 $3.11 $4.51 $4.46 ($1.09) $3.36 $3.87
Earnings Per Share, Diluted $2.77 $2.74 $3.91 $3.71 $3.08 $4.47 $4.43 ($1.09) $3.36 $3.82
Basic weighted average shares outstanding (in shares) 804.7m 799.2m 773.0m 805.1m 1.3b 1.3b 1.3b 1.3b 1.3b 1.3b
Diluted weighted average shares outstanding (in shares) 814.9m 811.0m 783.5m 815.2m 1.4b 1.3b 1.3b 1.3b 1.3b 1.3b
Weighted Average Number of Shares Outstanding, Basic 804.7m 799.2m 773.0m 805.1m 1.3b 1.3b 1.3b 1.3b 1.3b 1.3b
Weighted Average Number of Shares Outstanding, Diluted 814.9m 811.0m 783.5m 815.2m 1.4b 1.3b 1.3b 1.3b 1.3b 1.3b
Noninterest expense:
Current Income Tax Expense (Benefit) $1.1b $619.0m $780.0m $454.0m $1.1b $1.2b $1.0b $1.3b ($529.0m) $1.2b
Equipment Expense — $246.0m $267.0m $280.0m $484.0m $513.0m $478.0m $409.0m $373.0m $351.0m
Interest Expense $745.0m $839.0m $1.4b $2.1b $1.7b $768.0m $2.3b $9.9b $11.0b $10.1b
Labor and Related Expense $4.0b $4.1b $4.3b $4.8b $8.1b $8.6b $8.5b $8.7b $6.5b $6.8b
Marketing and Advertising Expense — $94.0m $102.0m $137.0m $273.0m $294.0m $352.0m $297.0m $268.0m $299.0m
Net occupancy expense $786.0m $784.0m $758.0m $507.0m $904.0m $764.0m $744.0m $715.0m $656.0m $710.0m
Other Expenses — — — — — — — $1.1b $1.0b $1.1b
Other expense $899.0m $1.1b $800.0m $542.0m $571.0m $595.0m $742.0m $1.1b $1.0b $1.1b
Personnel expense $4.0b $4.1b $4.3b $4.8b $8.1b $8.6b $8.5b $8.7b $6.5b $6.8b
Regulatory costs $145.0m $153.0m $134.0m $81.0m $125.0m $137.0m $183.0m $824.0m $344.0m $163.0m
Software expense $224.0m $242.0m $272.0m $338.0m $862.0m $945.0m $932.0m $929.0m $896.0m $936.0m
Income Tax Expense (Benefit) $1.1b $911.0m $803.0m $782.0m $981.0m $1.6b $1.4b $862.0m ($556.0m) $1.0b
Interest Income (Expense), Net $6.3b $6.5b $6.7b $7.3b $13.8b $13.0b $14.3b $14.6b $14.1b $14.4b
Total interest expense $745.0m $839.0m $1.4b $2.1b $1.7b $768.0m $2.3b $9.9b $11.0b $10.1b
Total noninterest expense $6.7b $7.4b $6.9b $7.9b $14.9b $15.1b $14.6b $21.5b $12.0b $12.1b

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.