Truist financial corporation (BBT)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08Dec'07
Interest Income
Interest and fees on loans and leases

7,982

6,894

6,230

5,985

5,347

5,163

5,603

5,980

6,119

6,080

5,547

6,003

6,713

Interest on securities

1,319

1,160

1,092

1,029

941

939

871

907

747

1,019

1,319

1,135

1,130

Interest on other earning assets

108

66

52

52

39

40

33

30

19

16

18

69

51

Total interest income

9,409

8,120

7,374

7,066

6,327

6,142

6,507

6,917

6,885

7,115

6,884

7,207

7,894

Interest Expense
Interest on deposits

1,101

644

344

251

233

239

301

429

610

917

1,271

1,891

2,620

Interest on long-term debt

797

683

454

485

498

525

584

624

757

856

711

843

985

Interest on other borrowings

198

111

41

9

4

4

6

7

11

22

58

235

409

Total interest expense

2,096

1,438

839

745

735

768

891

1,060

1,378

1,795

2,040

2,969

4,014

Net Interest Income

7,313

6,682

6,535

6,321

5,592

5,374

5,616

5,857

5,507

5,320

4,844

4,238

3,880

Provision for credit losses

615

566

547

572

428

251

592

1,057

1,190

2,638

2,811

1,445

448

Net Interest Income After Provision for Credit Losses

6,698

6,116

5,988

5,749

5,164

5,123

5,024

4,800

4,317

2,682

2,033

2,793

3,432

Noninterest Income
Total securities gains (losses), net

-

-

-

-

-3

-3

51

-12

62

554

199

107

-3

Noninterest income

5,255

4,876

4,782

4,472

4,019

3,856

4,036

3,820

3,113

3,957

3,934

3,197

2,774

Other nondeposit fees and commissions

-

-

-

-

-

-

-

-

-

-

-

189

184

FDIC loss share income, net

-

-

-

-

253

343

293

-318

-289

-116

14

0

-

Realized gains (losses), net

-

-

-

-

-

-

-

-

174

585

240

211

-3

Noninterest Expense
Personnel expense

4,833

4,313

4,226

4,029

3,469

3,180

3,293

3,125

2,727

2,616

2,517

2,201

2,094

Net occupancy expense

507

491

538

786

708

682

692

650

616

608

579

509

477

Professional fees and outside processing

433

365

369

102

130

139

189

156

174

170

130

204

139

Software expense

338

272

242

224

-

-

-

-

-

-

-

-

-

Equipment expense

280

267

246

-

-

-

-

-

-

-

-

-

-

Marketing and customer development

137

102

94

-

-

-

-

-

-

-

-

-

-

Operating lease depreciation

136

120

120

-

-

-

-

-

-

-

-

-

-

Loan-related expense

123

108

130

95

150

267

188

283

227

201

147

125

111

Amortization of intangibles

164

131

142

150

105

91

106

110

99

122

114

100

104

Outside IT services

-

-

-

186

192

174

-158

138

118

117

94

74

-

Outside IT services

-

-

-

-

135

115

89

58

-

-

-

-

-

Regulatory costs

81

134

153

145

101

106

143

159

212

211

230

30

14

Foreclosed property expense

-

-

-

-

-

-

55

266

802

747

356

79

31

Merger-related and restructuring charges

360

146

115

171

165

46

46

68

16

69

38

15

21

Loss (gain) on early extinguishment of debt

0

0

-392

1

-172

-122

0

-2

-

-

-

-

-

Other expense

542

483

677

834

939

930

818

813

811

809

726

574

633

Total noninterest expense

7,934

6,932

7,444

6,721

6,266

5,852

5,777

5,828

5,802

5,670

4,931

3,911

3,624

Earnings
Income before income taxes

4,019

4,060

3,326

3,500

2,917

3,127

3,283

2,792

1,628

969

1,036

2,079

2,582

Provision for income taxes

782

803

911

1,058

794

921

1,553

764

296

115

159

550

836

Net income

3,237

3,257

2,415

2,442

2,123

2,206

1,730

2,028

1,332

854

877

1,529

1,746

Noncontrolling interests

13

20

21

16

39

75

50

49

43

38

24

10

12

Dividends on preferred stock

196

174

174

167

148

148

117

63

-

0

124

21

0

Net income available to common shareholders

3,028

3,063

2,220

2,259

1,936

1,983

1,563

1,916

1,289

816

729

1,498

1,734

Basic EPS

3.76

3.96

2.78

2.81

2.59

2.76

2.22

2.74

1.85

1.18

1.16

2.73

3.17

Diluted EPS

3.71

3.91

2.74

2.77

2.56

2.72

2.19

2.70

1.83

1.16

1.15

2.71

3.14

Cash dividends declared per share (in dollars per share)

-

-

-

-

1.05

0.95

0.92

0.80

0.65

0.60

0.92

1.87

1.80

Basic weighted average shares outstanding (in shares)

805

772

799

804

748

718

703

698

696

692

629

548

547

Diluted weighted average shares outstanding (in shares)

815

783

810

814

757

728

714

708

705

701

635

552

551

Insurance income
Noninterest income

2,072

1,852

1,754

1,713

1,596

1,643

1,517

1,359

1,044

1,041

1,047

928

853

Service charges on deposits
Noninterest income

762

712

706

664

631

632

619

566

563

618

690

673

611

Wealth management income
Noninterest income

715

660

594

266

240

221

200

184

173

159

139

147

162

Card and payment related fees
Noninterest income

555

522

501

237

218

207

202

236

204

177

156

151

139

Residential mortgage income
Noninterest income

285

258

309

463

455

395

565

840

436

521

658

275

115

Investment banking and trading income
Noninterest income

244

154

203

408

398

387

383

365

333

352

346

354

343

Checkcard fees
Total noninterest income

-

-

-

195

174

163

157

185

271

274

227

201

180

Operating lease income
Noninterest income

153

145

146

137

124

95

77

-

-

-

-

-

-

Income from bank-owned life insurance
Noninterest income

129

116

122

123

113

110

113

116

122

123

97

84

101

Lending related fees
Noninterest income

124

99

101

-

-

-

-

-

-

-

-

-

-

Commercial real estate related income
Noninterest income

116

100

106

-

-

-

-

-

-

-

-

-

-

Securities gains (losses)
Noninterest income

-116

3

-1

46

-

-

-

-

-

-

-

-

-

Other income (loss)
Noninterest income

216

255

241

220

326

349

445

299

194

254

361

88

89

Securities gains (losses), net
Gross realized gains

-

-

-

46

41

7

57

1

-

-

-

-

-

Gross realized losses

-

-

-

0

40

4

6

4

-

-

-

-

-

OTTI charges

-

-

-

-

2

23

0

5

22

117

172

104

0

Non-credit portion recognized in OCI

-

-

-

-

2

-17

0

4

90

-86

-131

0

0