Truist Financial Corp Income Statement

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Income Statement	Dec2009	Dec2010	Dec2011	Dec2012	Dec2013	Dec2014	Dec2015	Dec2016	Dec2017	Dec2018	Dec2019	Dec2020	Dec2021	Dec2022	Dec2023	Dec2024
Revenue & Cost
Provisions	2.81B	2.64B	1.19B	1.06B	0.59B	0.25B	0.43B	0.57B	0.55B	0.57B	0.61B	2.33B	-0.81B	0.78B	2.11B	1.87B
Revenue	0.86B	0.81B	1.01B	1.88B	1.38B	9.23B	9.61B	10.79B	11.32B	11.56B	12.57B	22.70B	22.30B	19.97B	20.02B	13.28B
Interest income
Interest income - Loans	5.55B	6.08B	6.12B	5.98B	5.60B	5.16B	5.35B	5.99B	6.23B	6.89B	7.98B	13.48B	11.48B	13.25B	19.52B	19.23B
Interest income - Investments	0.13B	0.48B	0.69B	0.54B	0.30B	0.17B	2.01B	1.36B	1.99B	2.97B	1.69B	2.81B	4.25B	4.97B	5.00B	7.36B
Interest Income - Debt Securities	1.32B	1.02B	0.81B	0.91B	0.87B	0.94B	0.94B	1.03B	1.09B	1.16B	1.32B	1.74B	2.09B	2.76B	3.07B	3.51B
Other interest income	0.02B	0.02B	0.02B	0.03B	0.03B	0.04B	0.04B	0.05B	0.05B	0.07B	0.11B	0.32B	0.20B	0.62B	1.87B	2.33B
Interest Income - Total	6.88B	7.12B	6.88B	6.92B	6.51B	6.14B	6.33B	7.07B	7.37B	8.12B	9.41B	15.55B	13.77B	16.63B	24.45B	25.07B
Interest expenses
Interest Expense - Deposits	1.27B	0.92B	0.61B	0.43B	0.30B	0.24B	0.23B	0.25B	0.34B	0.64B	1.10B	0.79B	0.15B	1.15B	6.43B	7.85B
Interest Expense - Debt	0.71B	0.86B	0.76B	0.62B	0.58B	0.53B	0.50B	0.48B	0.45B	0.68B	0.80B	0.80B	0.57B	0.79B	2.21B	1.81B
Interest Expenses	2.04B	1.79B	1.38B	1.06B	0.89B	0.77B	0.73B	0.74B	0.84B	1.44B	2.10B	1.72B	0.77B	2.32B	9.93B	10.97B
Interest Income - Net	4.84B	5.32B	5.51B	5.86B	5.62B	5.37B	5.59B	6.32B	6.54B	6.68B	7.31B	13.83B	13.01B	14.31B	14.52B	14.09B
Non-interest income
Interest Income - Total	2.03B	2.68B	4.32B	4.80B	5.02B	5.12B	5.16B	5.75B	5.99B	6.12B	6.70B	11.49B	13.82B	13.54B	12.41B	12.22B
Financial Services Fees	1.05B	1.04B	1.04B	1.36B	1.52B	1.64B	1.60B	1.71B	1.75B
Service Charges	0.69B	0.62B	0.56B	0.57B	0.62B	0.63B	0.63B	0.66B	0.71B
Investment Gain (Loss)	0.24B	0.58B	0.17B	-0.00B	0.05B
Investment Banking Income								0.14B	0.15B	0.12B	0.12B	1.03B	0.45B	0.07B	0.06B	0.07B
Income - Trust	0.14B	0.16B	0.17B	0.18B	0.20B	0.22B	0.24B	0.27B	0.28B
Mortgage Banking	0.66B	0.52B	0.44B	0.84B	0.56B	0.40B	0.46B	0.46B	0.41B
Card Income	0.23B	0.27B	0.27B	0.24B	0.20B	0.21B	0.22B	0.24B	0.27B
Other Non-Interest Income	1.86B	0.25B	0.19B	0.30B	0.45B	0.35B	0.33B	0.14B	0.15B	0.13B	0.14B	0.27B	0.29B	0.32B	1.92B	2.22B
Non-Interest Income	3.93B	3.96B	3.11B	3.82B	4.04B	3.86B	4.02B	4.47B	4.78B	4.88B	5.25B	8.88B	9.29B	5.66B	5.50B	-0.81B
Operating Items
Amortization - Intangibles	0.11B	0.12B	0.10B	0.11B	0.11B	0.09B	0.10B	0.22B	0.24B	0.27B	0.34B	0.86B	0.94B	0.89B	0.87B	0.90B
Depreciation & Amortization - Total									0.25B	0.27B	0.28B	0.48B	0.51B	0.45B	0.38B	0.37B
Research & Development					0.09B	0.17B	0.19B	0.19B	0.16B	0.13B
Wages, Salaries and Other	2.52B	2.62B	2.73B	3.12B	3.29B	3.18B	3.47B	4.03B	4.23B	4.31B	4.83B	8.15B	8.63B	6.56B	6.52B	6.51B
Rent Expense	0.58B	0.61B	0.62B	0.65B	0.69B	0.68B	0.71B	0.79B	0.54B	0.49B	0.51B	0.90B	0.76B	0.69B	0.66B	0.66B
Restructuring Costs	0.04B	0.07B	0.02B	0.07B	0.05B	0.05B	0.17B	0.17B	0.12B	0.15B	0.36B	0.86B	0.82B	0.47B	0.32B	0.12B
Other Operating Expenses	4.31B	4.99B	5.17B	5.11B	4.95B	4.95B	5.20B	5.58B	6.38B	5.90B	6.79B	12.65B	13.02B	10.56B	17.32B	10.86B
Operating Expenses	4.93B	5.67B	5.80B	5.83B	5.78B	5.85B	6.27B	6.72B	7.44B	6.93B	7.93B	14.90B	15.12B	12.17B	18.68B	12.01B
Operating Income	0.36B	0.34B	0.57B	0.98B	1.15B	1.09B	1.02B	1.23B	1.16B
EBIT	0.36B	0.34B	0.57B	0.98B	1.15B	1.09B	1.02B	1.23B	1.16B	5.50B	6.12B	7.20B	8.76B	9.35B	9.16B	10.37B
Non-operating items
Non Operating Investment Income							-0.00B	0.05B	-0.00B
Other Non Operating Income				-0.00B		-0.12B	-0.17B	0.00B	-0.39B			-0.23B	0.00B
Non Operating Income													0.80B	0.65B	1.01B	1.02B
Net income details
EBT	1.04B	0.97B	1.63B	2.79B	3.28B	3.13B	2.92B	3.50B	3.33B	4.06B	4.02B	5.47B	7.99B	7.03B	-0.77B	-0.60B
Tax Provisions	0.16B	0.12B	0.30B	0.76B	1.55B	0.92B	0.79B	1.06B	0.91B	0.80B	0.78B	0.98B	1.56B	1.25B	0.74B	-0.56B
Profit After Tax	0.88B	0.85B	1.33B	2.03B	1.73B	2.21B	2.12B	2.44B	2.42B	3.26B	3.24B	4.49B	6.44B	6.27B	-1.50B	4.84B
Equity Income	0.30B	0.47B	0.66B	0.42B
Net Income - Minority			-0.06B	-0.07B
Income from Non-Controlling Interests	0.02B	0.04B	0.04B	0.05B	0.05B	0.07B	0.04B	0.02B	0.02B	0.02B	0.01B	0.01B	-0.00B	0.01B	0.04B	0.02B
Income from Continuing Operations	0.88B	0.85B	1.33B	2.03B	1.73B	2.21B	2.12B	2.44B	2.42B	3.26B	3.24B	4.49B	6.44B	5.78B	-1.50B	-0.04B
Consolidated Net Income	0.88B	0.85B	1.33B	2.03B	1.73B	2.21B	2.12B	2.44B	2.42B	3.26B	3.24B	4.49B	6.44B	0.49B	0.46B	4.88B
Income towards Parent Company	0.88B	0.85B	1.27B	1.96B	1.73B	2.21B	2.12B	2.44B	2.42B	3.24B	3.22B	4.48B	6.44B	6.26B	0.46B	4.88B
Preferred Dividend Payments	0.12B			0.06B	0.12B	0.15B	0.15B	0.17B	0.17B	0.17B	0.20B	0.30B	0.41B	0.33B	0.36B	0.35B
Net Income towards Common Stockholders	0.73B	0.82B	1.29B	1.92B	1.56B	1.98B	1.94B	2.26B	2.22B	3.06B	3.03B	4.18B	6.03B	5.93B	-1.45B	4.47B
Additional items
EPS (Basic)	1.16	1.18	1.85	2.74	2.22	2.76	2.59	2.81	2.78	3.96	3.76	3.11	4.51	4.46	-1.40	3.36
EPS (Weighted Average and Diluted)	1.15	1.16	1.83	2.70	2.19	2.72	2.56	2.77	2.74	3.91	3.71	3.08	4.47	4.43	-1.40	3.36
Shares Outstanding (Weighted Average)	0.69B	0.69B	0.70B	0.70B	0.71B	0.72B	0.78B	0.81B	0.79B					1.33B	1.33B	1.33B
Shares Outstanding (Diluted Average)	0.64B	0.70B	0.71B	0.71B	0.71B									1.34B	1.33B	1.33B
Tax Rate	15.35%	11.87%	18.18%	27.36%	47.30%	29.45%	27.22%	30.23%	27.39%	19.78%	19.46%	17.92%	19.47%	17.78%		92.51%

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Truist Financial Corp Income Statement

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