Unaudited Supplemental Historical Financial Information
The unaudited supplemental historical information below is being provided for illustrative purposes only and does not purport to represent what Truist Financial Corporations's ("Truist") actual results of operations or financial position would have been had the sale of Truist's remaining equity interests in its insurance brokerage subsidiary, Truist Insurance Holdings, LLC, been completed at an earlier date, nor is it necessarily indicative of Truist's results of operations or financial position for any future period.

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
(1) Includes goodwill and intangible assets of $5.0 billion as of December 31, 2023, $5.0 billion as of September 30, 2023, $5.1 billion as of June 30, 2023, and $5.1 billion as of March 31, 2023.

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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
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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.