TRUIST FINANCIAL CORPORATION BBT Income Statement

Truist financial corporation (BBT)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08	Jun'08
Interest Income
Interest and fees on loans and leases
9,919	7,982	7,441	7,327	7,128	6,894	6,662	6,481	6,334	6,230	6,142	6,075	6,044	5,985	5,924	5,812	5,552	5,347	5,170	5,059	5,105	5,163	5,232	5,342	5,465	5,603	5,756	5,837	5,911	5,980	6,016	6,070	6,101	6,119	6,155	6,158	6,160	6,080	5,989	5,854	5,665	5,547	5,571	5,658	0	0	0
Interest on securities
1,511	1,319	1,209	1,177	1,171	1,160	1,154	1,147	1,125	1,092	1,032	1,018	1,032	1,029	1,040	1,010	956	941	941	941	943	939	922	911	892	871	873	873	888	907	920	898	831	747	697	705	833	1,019	1,175	1,295	1,303	1,319	1,265	1,221	0	0	0
Interest on other earning assets
232	108	83	80	73	66	66	62	61	52	47	46	44	52	52	49	47	39	39	41	41	40	36	35	37	33	38	38	34	30	24	22	20	19	19	20	19	16	16	14	16	18	21	23	0	0	0
Total interest income
11,662	9,409	8,733	8,584	8,372	8,120	7,882	7,690	7,520	7,374	7,221	7,139	7,120	7,066	7,016	6,871	6,555	6,327	6,150	6,041	6,089	6,142	6,190	6,288	6,394	6,507	6,667	6,748	6,833	6,917	6,960	6,990	6,952	6,885	6,871	6,883	7,012	7,115	7,180	7,163	6,984	6,884	6,857	6,902	0	0	0
Interest Expense
Interest on deposits
1,269	1,101	1,003	904	779	644	542	461	393	344	301	272	256	251	252	251	242	233	229	229	234	239	246	257	275	301	332	365	394	429	470	515	560	610	665	740	829	917	1,019	1,105	1,184	1,271	1,426	1,570	0	0	0
Interest on long-term debt
877	797	764	752	725	683	628	571	509	454	440	437	454	485	496	499	499	498	494	500	512	525	539	558	572	584	598	579	589	624	651	702	726	757	803	840	871	856	827	795	748	711	723	745	0	0	0
Interest on other borrowings
249	198	175	150	123	111	91	77	59	41	24	11	9	9	8	7	5	4	4	4	4	4	4	4	6	6	7	8	7	7	6	7	8	11	16	18	21	22	23	29	40	58	99	147	0	0	0
Total interest expense
2,395	2,096	1,942	1,806	1,627	1,438	1,261	1,109	961	839	765	720	719	745	756	757	746	735	727	733	750	768	789	819	853	891	937	952	990	1,060	1,127	1,224	1,294	1,378	1,484	1,598	1,721	1,795	1,869	1,929	1,972	2,040	2,248	2,462	0	0	0
Net Interest Income
9,267	7,313	6,791	6,778	6,745	6,682	6,621	6,581	6,559	6,535	6,456	6,419	6,401	6,321	6,260	6,114	5,809	5,592	5,423	5,308	5,339	5,374	5,401	5,469	5,541	5,616	5,730	5,796	5,843	5,857	5,833	5,766	5,658	5,507	5,387	5,285	5,291	5,320	5,311	5,234	5,012	4,844	4,609	4,440	0	0	0
Provision for credit losses
1,353	615	590	608	571	566	558	549	549	547	538	560	536	572	572	527	513	428	382	313	290	251	228	286	380	592	784	936	1,041	1,057	1,077	1,083	1,138	1,190	1,561	2,081	2,403	2,638	2,720	2,659	2,710	2,811	2,450	2,071	0	0	0
Net Interest Income After Provision for Credit Losses
7,914	6,698	6,201	6,170	6,174	6,116	6,063	6,032	6,010	5,988	5,918	5,859	5,865	5,749	5,688	5,587	5,296	5,164	5,041	4,995	5,049	5,123	5,173	5,183	5,161	5,024	4,946	4,860	4,802	4,800	4,756	4,683	4,520	4,317	3,826	3,204	2,888	2,682	2,591	2,575	2,302	2,033	2,159	2,369	0	0	0
Noninterest Income
Total securities gains (losses), net
-	-	-	-	-	-	-	-	-	-	-	-	1	-	45	43	42	-3	-3	-6	-5	-3	2	7	30	51	46	45	20	-12	91	53	53	62	58	336	557	554	414	209	10	199	294	270	0	0	0
Noninterest income
6,014	5,255	5,092	5,028	4,898	4,876	4,866	4,793	4,791	4,782	4,719	4,717	4,627	4,472	4,325	4,149	4,038	4,019	4,026	3,987	3,926	3,856	3,918	3,874	3,962	4,036	3,972	4,030	3,950	3,820	3,722	3,449	3,270	3,113	3,155	3,575	3,827	3,957	3,963	3,793	3,747	3,934	3,756	3,643	0	0	0
Other nondeposit fees and commissions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	212	200	0	0	0
FDIC loss share income, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	194	234	234	253	629	658	506	343	426	265	268	293	-315	-331	-320	-318	-267	-281	-288	-289	-243	-182	-179	-116	-113	0	0	-	0	-	-	-	-
Realized gains (losses), net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	134	133	149	174	154	395	603	585	508	298	93	240	213	192	0	0	0
Noninterest Expense
Personnel expense
5,718	4,833	4,464	4,407	4,361	4,313	4,289	4,236	4,230	4,226	4,223	4,178	4,149	4,029	3,853	3,729	3,554	3,469	3,370	3,283	3,228	3,180	3,213	3,223	3,258	3,293	3,289	3,281	3,212	3,125	2,981	2,855	2,763	2,727	2,727	2,698	2,664	2,616	2,587	2,589	2,563	2,517	2,419	2,340	0	0	0
Net occupancy expense
606	507	413	416	419	491	519	528	539	538	787	792	788	786	780	760	732	708	684	671	673	682	688	695	697	692	690	679	668	650	637	622	615	616	612	618	624	608	626	618	588	579	533	508	0	0	0
Professional fees and outside processing
594	433	434	420	421	365	377	371	377	369	114	114	102	102	104	119	128	130	139	131	130	139	147	173	186	189	189	165	157	156	159	179	178	174	53	81	129	170	187	171	149	130	240	220	0	0	0
Software expense
476	338	290	283	279	272	264	251	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equipment expense
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Marketing and customer development
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease depreciation
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan-related expense
160	123	106	108	104	108	115	119	129	130	92	93	93	95	138	143	144	150	184	211	254	267	193	198	181	188	264	279	278	283	269	239	234	227	234	232	222	201	181	166	153	147	133	128	0	0	0
Amortization of intangibles
297	164	127	131	130	131	131	132	137	142	146	150	156	150	144	135	116	105	95	89	89	91	95	98	102	106	108	113	115	110	106	99	95	99	103	109	116	122	130	129	121	114	103	99	0	0	0
Outside IT services
-	-	122	127	-	-	126	127	134	-	150	179	193	186	219	206	199	192	273	179	175	174	-232	-149	-153	-158	153	150	144	138	133	127	124	118	115	113	114	117	0	0	0	-	-	-	-	-	-
Outside IT services
-	-	-	-	-	-	-	-	-	-	-	-	194	-	177	161	146	135	121	116	118	115	112	103	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Regulatory costs
92	81	75	92	112	134	154	157	154	153	157	158	154	145	131	115	108	101	97	95	100	106	115	132	137	143	145	145	153	159	170	176	192	212	225	240	227	211	199	182	242	230	191	151	0	0	0
Foreclosed property expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	41	44	46	55	92	132	192	266	564	678	751	802	618	617	712	747	727	678	498	356	236	135	0	0	0
Merger-related and restructuring charges
387	360	213	197	198	146	92	121	107	115	106	102	184	171	208	242	175	165	133	63	51	46	38	35	49	46	47	86	61	68	73	30	30	16	4	14	50	69	74	82	43	38	34	17	0	0	0
Loss (gain) on early extinguishment of debt
-	-	-	-	-	-	-	-	-	-392	-392	-392	-392	1	1	1	-171	-172	-294	-294	0	-	0	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other expense
564	542	451	416	412	483	624	647	663	677	834	820	835	834	939	951	929	939	871	868	945	930	898	895	813	818	787	816	817	813	866	841	833	811	914	874	843	809	718	754	723	726	686	616	0	0	0
Total noninterest expense
9,597	7,934	7,143	7,045	7,014	6,932	7,003	7,006	7,028	7,444	7,257	7,223	7,278	6,721	6,650	6,533	6,389	6,266	6,063	6,008	5,889	5,852	5,854	5,786	5,748	5,777	5,869	5,927	5,857	5,828	5,958	5,846	5,815	5,802	5,605	5,596	5,701	5,670	5,610	5,522	5,203	4,931	4,575	4,214	0	0	0
Earnings
Income before income taxes
4,331	4,019	4,150	4,153	4,058	4,060	3,926	3,819	3,773	3,326	3,380	3,353	3,214	3,500	3,363	3,203	2,945	2,917	3,004	2,974	3,086	3,127	3,237	3,271	3,375	3,283	3,049	2,963	2,895	2,792	2,520	2,286	1,975	1,628	1,376	1,183	1,014	969	944	846	846	1,036	1,340	1,798	0	0	0
Provision for income taxes
829	782	834	826	794	803	807	891	993	911	989	968	916	1,058	1,022	971	799	794	820	770	906	921	1,045	1,323	1,328	1,553	1,359	1,086	1,056	764	641	532	432	296	227	186	120	115	113	77	93	159	295	479	0	0	0
Net income
3,502	3,237	3,316	3,327	3,264	3,257	3,119	2,928	2,780	2,415	2,391	2,385	2,298	2,442	2,341	2,232	2,146	2,123	2,184	2,204	2,180	2,206	2,192	1,948	2,047	1,730	1,690	1,877	1,839	2,028	1,879	1,754	1,543	1,332	1,149	997	894	854	831	769	753	877	1,045	1,319	0	0	0
Noncontrolling interests
10	13	15	19	23	20	22	23	19	21	19	11	15	16	12	16	23	39	51	51	57	75	74	74	74	50	49	47	51	49	45	48	48	43	43	47	41	38	38	34	24	24	19	17	0	0	0
Dividends on preferred stock
227	196	221	174	174	174	174	174	174	174	174	174	173	167	160	154	148	148	148	148	148	148	148	148	124	117	110	98	93	63	0	0	0	-	0	0	-	-	-	-	-	124	124	124	0	0	0
Net income available to common shareholders
3,265	3,028	3,080	3,134	3,067	3,063	2,923	2,731	2,587	2,220	2,198	2,200	2,110	2,259	2,169	2,062	1,975	1,936	1,985	2,005	1,975	1,983	1,970	1,726	1,849	1,563	1,531	1,732	1,695	1,916	1,801	1,698	1,495	1,289	1,106	950	853	816	793	735	646	729	902	1,178	0	0	0
Basic EPS
0.73	0.72	0.96	1.10	0.98	0.98	1.02	1.00	0.96	0.78	0.75	0.78	0.47	0.73	0.74	0.67	0.67	0.64	0.64	0.63	0.68	0.76	0.71	0.59	0.70	0.76	0.38	0.78	0.30	0.72	0.67	0.73	0.62	0.57	0.52	0.44	0.32	0.31	0.30	0.30	0.27	0.25	0.23	0.20	0.48	0.65	0.78
Diluted EPS
0.73	0.70	0.95	1.09	0.97	0.97	1.01	0.99	0.94	0.77	0.74	0.77	0.46	0.71	0.73	0.66	0.67	0.63	0.64	0.62	0.67	0.76	0.70	0.58	0.68	0.76	0.37	0.77	0.29	0.71	0.66	0.72	0.61	0.55	0.52	0.44	0.32	0.29	0.30	0.30	0.27	0.24	0.23	0.20	0.48	0.65	0.78
Cash dividends declared per share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.33	0.30	0.30	-	0.30	0.28	0.27	0.00	0.27	0.27	0.24	0.00	0.24	0.24	0.23	0.00	0.23	0.23	0.23	0.00	0.20	0.20	0.20	0.00	0.16	0.16	0.17	0.00	0.15	0.15	0.15	0.00	0.15	0.15	0.47	0.47	0.46
Basic weighted average shares outstanding (in shares)
1,344	924	766	765	764	764	771	775	779	783	794	808	809	810	812	814	781	781	764	724	721	720	720	719	712	705	704	702	700	699	699	698	697	697	697	696	695	694	693	692	690	690	665	602	559	549	546,628
Diluted weighted average shares outstanding (in shares)
1,357	936	775	774	774	775	781	785	791	795	806	819	822	822	823	823	790	790	774	734	731	730	729	728	724	717	716	712	711	709	709	708	707	705	705	704	704	702	701	701	698	697	672	608	563	553	549,758
Insurance income
Noninterest income
2,111	2,072	2,050	2,011	1,926	1,852	1,783	1,732	1,732	1,754	1,755	1,768	1,752	1,713	1,674	1,618	1,575	1,596	1,625	1,656	1,656	1,643	1,605	1,575	1,579	1,517	1,508	1,486	1,453	1,359	1,251	1,159	1,065	1,044	1,039	1,050	1,038	1,041	1,052	1,054	1,048	1,047	1,019	1,002	0	0	0
Service charges on deposits
Noninterest income
896	762	725	720	718	712	710	706	703	706	695	688	678	664	657	652	640	631	626	623	627	632	658	646	631	619	582	572	567	566	559	558	565	563	564	570	589	618	661	694	698	690	680	672	0	0	0
Wealth management income
Noninterest income
885	715	748	748	750	660	603	600	598	594	275	275	272	266	261	256	246	240	232	225	223	221	217	212	206	200	195	190	187	184	179	176	175	173	173	170	164	159	155	151	145	139	138	140	0	0	0
Card and payment related fees
Noninterest income
614	555	586	586	581	522	510	508	511	501	264	255	240	237	233	229	224	218	214	212	211	207	166	178	189	202	252	247	241	236	230	219	212	204	196	190	183	177	171	167	161	156	153	151	0	0	0
Residential mortgage income
Noninterest income
481	285	260	227	208	258	270	305	305	309	418	458	475	463	460	417	436	455	479	475	431	395	367	377	459	565	696	790	804	840	744	656	557	436	439	500	527	521	525	485	559	658	599	512	0	0	0
Investment banking and trading income
Noninterest income
335	244	104	90	68	154	242	229	225	203	407	405	402	408	391	395	401	398	419	409	393	387	376	370	377	383	380	381	370	365	342	333	335	333	355	359	360	352	338	342	343	346	347	346	0	0	0
Checkcard fees
Total noninterest income
-	-	227	226	-	-	220	218	215	-	209	205	201	195	192	187	180	174	168	165	164	163	130	139	148	157	198	195	189	185	178	208	242	271	302	294	285	274	263	252	239	227	217	211	0	0	0
Operating lease income
Noninterest income
195	153	141	142	143	145	147	146	147	146	143	141	139	137	136	134	129	124	115	103	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from bank-owned life insurance
Noninterest income
145	129	119	117	113	116	121	122	124	122	115	122	121	123	124	118	114	113	116	115	113	110	112	111	112	113	110	113	114	116	117	120	122	122	123	120	122	123	117	111	105	97	96	97	0	0	0
Lending related fees
Noninterest income
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Commercial real estate related income
Noninterest income
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Securities gains (losses)
Noninterest income
-118	-116	2	2	3	3	1	1	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income (loss)
Noninterest income
158	216	168	197	202	255	267	234	239	241	295	275	286	220	346	334	285	326	293	293	327	349	498	483	472	445	320	342	325	299	298	248	232	194	351	296	246	254	295	328	372	361	79	120	0	0	0
Securities gains (losses), net
Gross realized gains
-	-	45	45	-	-	1	18	17	-	18	1	1	46	45	84	86	41	42	3	1	7	17	17	40	57	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross realized losses
-	-	43	43	-	-	1	18	18	-	17	0	0	0	0	40	40	40	40	1	1	4	10	9	9	6	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
OTTI charges
-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	2	2	2	2	0	23	23	23	23	0	0	0	2	5	9	16	24	22	86	79	106	117	104	107	148	172	158	155	0	0	0
Non-credit portion recognized in OCI
-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	1	2	2	3	6	5	-17	-18	-22	-22	0	0	2	2	4	34	64	72	90	-2	-32	-72	-86	-101	0	0	-	-	0	-	0	0