Historical Unaudited Ending Balance Sheets | ||||||||
Dec. 31 | Sept. 30 | June 30 | March 31 | |||||
(Dollars in millions) | 2023 | 2023 | 2023 | 2023 | ||||
Assets | ||||||||
Cash and due from banks | $ | 5,000 | $ | 5,090 | $ | 4,733 | $ | 4,590 |
Interest-bearing deposits with banks | 25,230 | 24,305 | 24,934 | 32,768 | ||||
Securities borrowed or purchased under resale agreements | 2,378 | 2,018 | 2,315 | 3,637 | ||||
Trading assets at fair value | 4,332 | 4,384 | 4,097 | 4,601 | ||||
Securities available for sale at fair value | 67,366 | 65,117 | 68,965 | 71,858 | ||||
Securities held to maturity at amortized cost | 54,107 | 54,942 | 55,958 | 56,932 | ||||
Loans and leases: | ||||||||
Commercial: | ||||||||
Commercial and industrial | 160,788 | 162,330 | 167,153 | 167,217 | ||||
CRE | 22,570 | 22,736 | 22,825 | 22,670 | ||||
Commercial construction | 6,683 | 6,343 | 5,943 | 5,951 | ||||
Consumer: | ||||||||
Residential mortgage | 55,492 | 56,013 | 56,476 | 56,455 | ||||
Home equity | 10,053 | 10,160 | 10,348 | 10,577 | ||||
Indirect auto | 22,727 | 24,084 | 25,759 | 27,279 | ||||
Other consumer | 28,647 | 29,105 | 28,755 | 27,742 | ||||
Student | - | - | - | 4,996 | ||||
Credit card | 5,101 | 4,928 | 4,833 | 4,786 | ||||
Total loans and leases held for investment | 312,061 | 315,699 | 322,092 | 327,673 | ||||
Loans held for sale | 1,280 | 1,413 | 1,923 | 2,160 | ||||
Total loans and leases | 313,341 | 317,112 | 324,015 | 329,833 | ||||
Allowance for loan and lease losses | (4,798) | (4,693) | (4,606) | (4,479) | ||||
Premises and equipment | 3,298 | 3,319 | 3,379 | 3,441 | ||||
Goodwill | 17,156 | 23,234 | 23,235 | 23,235 | ||||
Core deposit and other intangible assets | 1,909 | 2,011 | 2,111 | 2,212 | ||||
Loan servicing rights at fair value | 3,378 | 3,537 | 3,497 | 3,303 | ||||
Other assets | 34,997 | 34,858 | 33,864 | 35,070 | ||||
Assets of discontinued operations(1)
| 7,655 | 7,473 | 8,052 | 7,353 | ||||
Total assets | $ | 535,349 | $ | 542,707 | $ | 554,549 | $ | 574,354 |
Liabilities | ||||||||
Deposits: | ||||||||
Noninterest-bearing deposits | $ | 111,624 | $ | 116,674 | $ | 121,831 | $ | 128,719 |
Interest checking | 104,757 | 103,288 | 106,471 | 107,116 | ||||
Money market and savings | 135,923 | 137,914 | 135,514 | 136,836 | ||||
Time deposits | 43,561 | 42,148 | 42,227 | 32,326 | ||||
Total deposits | 395,865 | 400,024 | 406,043 | 404,997 | ||||
Short-term borrowings | 24,828 | 23,485 | 24,456 | 23,678 | ||||
Long-term debt | 38,918 | 41,232 | 44,749 | 69,895 | ||||
Other liabilities | 12,946 | 12,962 | 11,788 | 10,731 | ||||
Liabilities of discontinued operations | 3,539 | 2,997 | 3,832 | 2,659 | ||||
Total liabilities | 476,096 | 480,700 | 490,868 | 511,960 | ||||
Shareholders' Equity: | ||||||||
Preferred stock | 6,673 | 6,673 | 6,673 | 6,673 | ||||
Common stock | 6,669 | 6,668 | 6,660 | 6,660 | ||||
Additional paid-in capital | 36,177 | 36,114 | 35,990 | 34,582 | ||||
Retained earnings | 22,088 | 27,944 | 27,577 | 27,038 | ||||
Accumulated other comprehensive loss | (12,506) | (15,559) | (13,374) | (12,581) | ||||
Noncontrolling interests | 152 | 167 | 155 | 22 | ||||
Total shareholders' equity | 59,253 | 62,007 | 63,681 | 62,394 | ||||
Total liabilities and shareholders' equity | $ | 535,349 | $ | 542,707 | $ | 554,549 | $ | 574,354 |
Historical Unaudited Statements of Income | ||||||||
Quarter Ended | ||||||||
Dec. 31 | Sept. 30 | June 30 | March 31 | |||||
(Dollars in millions) | 2023 | 2023 | 2023 | 2023 | ||||
Interest Income | ||||||||
Interest and fees on loans and leases | $ | 4,971 | $ | 4,976 | $ | 4,915 | $ | 4,656 |
Interest on securities | 802 | 763 | 749 | 752 | ||||
Interest on other earning assets | 493 | 488 | 511 | 376 | ||||
Total interest income | 6,266 | 6,227 | 6,175 | 5,784 | ||||
Interest Expense | ||||||||
Interest on deposits | 1,917 | 1,858 | 1,527 | 1,125 | ||||
Interest on long-term debt | 476 | 491 | 734 | 514 | ||||
Interest on other borrowings | 354 | 343 | 311 | 278 | ||||
Total interest expense | 2,747 | 2,692 | 2,572 | 1,917 | ||||
Net Interest Income | 3,519 | 3,535 | 3,603 | 3,867 | ||||
Provision for credit losses | 572 | 497 | 538 | 502 | ||||
Net Interest Income After Provision for Credit Losses | 2,947 | 3,038 | 3,065 | 3,365 | ||||
Noninterest Income | ||||||||
Wealth management income | 346 | 343 | 330 | 339 | ||||
Investment banking and trading income | 165 | 185 | 211 | 261 | ||||
Service charges on deposits | 229 | 154 | 240 | 250 | ||||
Card and payment related fees | 232 | 238 | 236 | 230 | ||||
Mortgage banking income | 94 | 102 | 99 | 142 | ||||
Lending related fees | 153 | 102 | 86 | 106 | ||||
Operating lease income | 60 | 63 | 64 | 67 | ||||
Other income | 84 | 147 | 114 | 26 | ||||
Total noninterest income | 1,363 | 1,334 | 1,380 | 1,421 | ||||
Noninterest Expense | ||||||||
Personnel expense | 1,474 | 1,669 | 1,705 | 1,668 | ||||
Professional fees and outside processing | 305 | 289 | 311 | 287 | ||||
Software expense | 223 | 222 | 223 | 200 | ||||
Net occupancy expense | 159 | 164 | 166 | 169 | ||||
Amortization of intangibles | 98 | 98 | 99 | 100 | ||||
Equipment expense | 103 | 89 | 87 | 102 | ||||
Marketing and customer development | 53 | 70 | 69 | 68 | ||||
Operating lease depreciation | 42 | 43 | 44 | 46 | ||||
Regulatory costs | 599 | 77 | 73 | 75 | ||||
Restructuring charges | 155 | 61 | 48 | 56 | ||||
Goodwill impairment | 6,078 | - | - | - | ||||
Other expense | 268 | 278 | 221 | 244 | ||||
Total noninterest expense | 9,557 | 3,060 | 3,046 | 3,015 | ||||
Earnings | ||||||||
Income (loss) before income taxes | (5,247) | 1,312 | 1,399 | 1,771 | ||||
Provision (benefit) for income taxes | (56) | 203 | 230 | 361 | ||||
Net income (loss) from continuing operations | (5,191) | 1,109 | 1,169 | 1,410 | ||||
Net income from discontinued operations | 101 | 74 | 176 | 105 | ||||
Net income (loss) | (5,090) | 1,183 | 1,345 | 1,515 | ||||
Noncontrolling interests from discontinued operations | - | 6 | 36 | 2 | ||||
Preferred stock dividends and other | 77 | 106 | 75 | 103 | ||||
Net income (loss) available to common shareholders | $ | (5,167) | $ | 1,071 | $ | 1,234 | $ | 1,410 |
Attachments
- Original Link
- Permalink
Disclaimer
Truist Financial Corporation published this content on 15 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 April 2024 21:27:35 UTC.