Truist Financial Corporation(NYSE:TFC) 
Truist Financial Corporation, a holding company, provides banking and trust services in the Southeastern and Mid-Atlantic United States. The company operates through three segments: Consumer Banking and Wealth, Corporate and Commercial Banking, and Insurance Holdings. Its deposit products include no...
Founded: 1872
Full Time Employees: 55,000
CEO: Kelly S. King
Sector: Financial Services
Industry: Banks-Regional
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At a glance:
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Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-03-31 | 2024-12-31 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-06-30 | 2022-09-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-03-31 | 2020-09-30 | 2020-03-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2017-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
interest income | |||||||||||||||||||
interest and fees on loans and leases | 4,816,000,000 | 4,493,000,000 | 4,879,000,000 | 4,865,000,000 | 4,915,000,000 | 3,490,000,000 | 2,644,000,000 | 2,753,000,000 | 2,825,000,000 | 3,002,000,000 | 3,174,000,000 | 3,776,000,000 | 1,886,000,000 | 1,886,000,000 | 1,839,000,000 | ||||
interest on securities | 941,000,000 | 975,000,000 | 838,000,000 | 805,000,000 | 749,000,000 | 709,000,000 | 640,000,000 | 602,000,000 | 548,000,000 | 443,000,000 | 393,000,000 | 494,000,000 | |||||||
interest on other earning assets | 529,000,000 | 520,000,000 | 634,000,000 | 514,000,000 | 512,000,000 | 170,000,000 | 73,000,000 | 56,000,000 | 53,000,000 | 49,000,000 | 56,000,000 | 156,000,000 | 17,000,000 | 20,000,000 | 32,000,000 | ||||
total interest income | 6,286,000,000 | 5,988,000,000 | 6,351,000,000 | 6,184,000,000 | 6,176,000,000 | 4,369,000,000 | 3,357,000,000 | 3,411,000,000 | 3,426,000,000 | 3,494,000,000 | 3,623,000,000 | 4,426,000,000 | 2,218,000,000 | 2,206,000,000 | 2,173,000,000 | ||||
interest expense | |||||||||||||||||||
interest on deposits | 1,835,000,000 | 1,736,000,000 | 2,016,000,000 | 1,964,000,000 | 1,506,000,000 | 331,000,000 | 32,000,000 | 32,000,000 | 33,000,000 | 47,000,000 | 96,000,000 | 421,000,000 | 271,000,000 | 273,000,000 | 253,000,000 | ||||
interest on long-term debt | 523,000,000 | 409,000,000 | 446,000,000 | 482,000,000 | 734,000,000 | 190,000,000 | 132,000,000 | 127,000,000 | 151,000,000 | 148,000,000 | 152,000,000 | 272,000,000 | 193,000,000 | 193,000,000 | 192,000,000 | ||||
interest on other borrowings | 299,000,000 | 336,000,000 | 362,000,000 | 366,000,000 | 311,000,000 | 103,000,000 | 10,000,000 | 9,000,000 | 9,000,000 | 14,000,000 | 13,000,000 | 83,000,000 | |||||||
total interest expense | 2,657,000,000 | 2,481,000,000 | 2,824,000,000 | 2,812,000,000 | 2,551,000,000 | 624,000,000 | 174,000,000 | 168,000,000 | 193,000,000 | 209,000,000 | 261,000,000 | 776,000,000 | 518,000,000 | 516,000,000 | 477,000,000 | ||||
net interest income | 3,629,000,000 | 3,507,000,000 | 3,527,000,000 | 3,372,000,000 | 3,625,000,000 | 3,745,000,000 | 3,183,000,000 | 3,243,000,000 | 3,233,000,000 | 3,285,000,000 | 3,362,000,000 | 3,650,000,000 | 1,700,000,000 | 1,690,000,000 | 1,696,000,000 | ||||
benefit from credit losses | 436,000,000 | 500,000,000 | 538,000,000 | ||||||||||||||||
net interest income after benefit from credit losses | 3,193,000,000 | 2,872,000,000 | 3,087,000,000 | ||||||||||||||||
noninterest income | |||||||||||||||||||
wealth management income | 374,000,000 | 344,000,000 | 361,000,000 | 356,000,000 | 330,000,000 | 334,000,000 | 343,000,000 | 350,000,000 | 356,000,000 | 341,000,000 | 324,000,000 | 332,000,000 | |||||||
investment banking and trading income | 323,000,000 | 273,000,000 | 286,000,000 | 323,000,000 | 211,000,000 | 222,000,000 | 261,000,000 | 483,000,000 | 301,000,000 | 340,000,000 | 244,000,000 | 118,000,000 | |||||||
card and payment related fees | 225,000,000 | 220,000,000 | 230,000,000 | 224,000,000 | 236,000,000 | 241,000,000 | 212,000,000 | 224,000,000 | 225,000,000 | 200,000,000 | 200,000,000 | 187,000,000 | |||||||
service charges on deposits | 240,000,000 | 230,000,000 | 232,000,000 | 225,000,000 | 240,000,000 | 263,000,000 | 252,000,000 | 273,000,000 | 276,000,000 | 258,000,000 | 247,000,000 | 305,000,000 | 188,000,000 | 181,000,000 | 171,000,000 | ||||
mortgage banking income | 118,000,000 | 108,000,000 | 112,000,000 | 97,000,000 | 99,000,000 | 112,000,000 | 113,000,000 | 63,000,000 | |||||||||||
lending related fees | 103,000,000 | 95,000,000 | 89,000,000 | 96,000,000 | 86,000,000 | 80,000,000 | 85,000,000 | 81,000,000 | 74,000,000 | 100,000,000 | 77,000,000 | 67,000,000 | |||||||
operating lease income | 45,000,000 | 53,000,000 | 50,000,000 | 59,000,000 | 64,000,000 | 66,000,000 | 58,000,000 | 71,000,000 | 57,000,000 | 68,000,000 | 72,000,000 | 77,000,000 | 36,000,000 | 35,000,000 | 35,000,000 | ||||
securities gains | -1,000,000 | -6,650,000,000 | -1,000,000 | -69,000,000 | 104,000,000 | -2,000,000 | |||||||||||||
other income | 130,000,000 | 70,000,000 | 78,000,000 | 66,000,000 | 92,000,000 | 1,000,000 | 101,000,000 | 52,000,000 | 131,000,000 | 71,000,000 | 102,000,000 | -5,000,000 | 121,000,000 | 86,000,000 | 91,000,000 | ||||
total noninterest income | 1,558,000,000 | 1,392,000,000 | -5,212,000,000 | 1,446,000,000 | 2,293,000,000 | 2,102,000,000 | 2,142,000,000 | 2,323,000,000 | 2,365,000,000 | 2,197,000,000 | 2,210,000,000 | 1,961,000,000 | 1,303,000,000 | 1,352,000,000 | 1,202,000,000 | ||||
noninterest expense | |||||||||||||||||||
personnel expense | 1,726,000,000 | 1,587,000,000 | 1,661,000,000 | 1,630,000,000 | 2,256,000,000 | 2,116,000,000 | 2,051,000,000 | 2,096,000,000 | 2,187,000,000 | 2,142,000,000 | 2,058,000,000 | 1,972,000,000 | 1,161,000,000 | 1,120,000,000 | 1,087,000,000 | ||||
professional fees and outside processing | 346,000,000 | 364,000,000 | 308,000,000 | 278,000,000 | 352,000,000 | 352,000,000 | 363,000,000 | 379,000,000 | 372,000,000 | 350,000,000 | 323,000,000 | 247,000,000 | |||||||
software expense | 233,000,000 | 230,000,000 | 218,000,000 | 224,000,000 | 237,000,000 | 225,000,000 | 232,000,000 | 238,000,000 | 251,000,000 | 210,000,000 | 221,000,000 | 210,000,000 | 77,000,000 | 71,000,000 | 72,000,000 | ||||
net occupancy expense | 182,000,000 | 163,000,000 | 160,000,000 | 160,000,000 | 180,000,000 | 176,000,000 | 208,000,000 | 186,000,000 | 187,000,000 | 209,000,000 | 233,000,000 | 221,000,000 | |||||||
equipment expense | 90,000,000 | 82,000,000 | 89,000,000 | 88,000,000 | 92,000,000 | 122,000,000 | 118,000,000 | 124,000,000 | 154,000,000 | 113,000,000 | 127,000,000 | 116,000,000 | |||||||
amortization of intangibles | 72,000,000 | 75,000,000 | 89,000,000 | 88,000,000 | 131,000,000 | 140,000,000 | 137,000,000 | 143,000,000 | 145,000,000 | 144,000,000 | 170,000,000 | 165,000,000 | 29,000,000 | 32,000,000 | 32,000,000 | ||||
marketing and customer development | 79,000,000 | 75,000,000 | 63,000,000 | 56,000,000 | 79,000,000 | 105,000,000 | 84,000,000 | 68,000,000 | 94,000,000 | 66,000,000 | 75,000,000 | 84,000,000 | |||||||
operating lease depreciation | 31,000,000 | 35,000,000 | 34,000,000 | 40,000,000 | 44,000,000 | 45,000,000 | 48,000,000 | 46,000,000 | 47,000,000 | 50,000,000 | 56,000,000 | 71,000,000 | |||||||
regulatory costs | 32,000,000 | 69,000,000 | 85,000,000 | 152,000,000 | 73,000,000 | 52,000,000 | 35,000,000 | 38,000,000 | 43,000,000 | 25,000,000 | 34,000,000 | 29,000,000 | |||||||
restructuring charges | 27,000,000 | 38,000,000 | 33,000,000 | 51,000,000 | |||||||||||||||
total noninterest expense | 3,014,000,000 | 2,906,000,000 | 3,094,000,000 | 2,953,000,000 | 3,748,000,000 | 3,613,000,000 | 3,674,000,000 | 3,700,000,000 | 3,795,000,000 | 3,610,000,000 | 3,755,000,000 | 3,431,000,000 | 1,840,000,000 | 1,751,000,000 | 1,768,000,000 | ||||
earnings | |||||||||||||||||||
income before income taxes | 1,737,000,000 | 1,535,000,000 | -5,230,000,000 | 1,365,000,000 | 1,632,000,000 | 2,000,000,000 | 1,746,000,000 | 1,969,000,000 | 2,127,000,000 | 1,824,000,000 | 1,396,000,000 | 1,287,000,000 | 1,046,000,000 | 1,119,000,000 | 975,000,000 | ||||
benefit for income taxes | 285,000,000 | ||||||||||||||||||
net income from continuing operations | 1,452,000,000 | 1,261,000,000 | -3,906,000,000 | 1,133,000,000 | |||||||||||||||
net income from discontinued operations | 4,828,000,000 | 67,000,000 | |||||||||||||||||
net income | 1,452,000,000 | 1,261,000,000 | 922,000,000 | 1,200,000,000 | 1,345,000,000 | 1,637,000,000 | 1,416,000,000 | 1,602,000,000 | 1,704,000,000 | 1,473,000,000 | 1,141,000,000 | 1,063,000,000 | 828,000,000 | 885,000,000 | 798,000,000 | ||||
yoy | 21.00% | -43.68% | -15.25% | -21.07% | 11.13% | 24.10% | 50.71% | 105.80% | 66.44% | 42.98% | |||||||||
qoq | 15.15% | -23.17% | -17.84% | 15.61% | -11.61% | -5.99% | 15.68% | 29.10% | 7.34% | 28.38% | -6.44% | 10.90% | |||||||
noncontrolling interests from discontinued operations | 19,000,000 | 3,000,000 | |||||||||||||||||
preferred stock dividends and other | 104,000,000 | 104,000,000 | 77,000,000 | 106,000,000 | 75,000,000 | 97,000,000 | 88,000,000 | 78,000,000 | 88,000,000 | 143,000,000 | |||||||||
net income available to common shareholders | 1,348,000,000 | 1,157,000,000 | 826,000,000 | 1,091,000,000 | 1,234,000,000 | 1,536,000,000 | 1,327,000,000 | 1,524,000,000 | 1,616,000,000 | 1,334,000,000 | 1,068,000,000 | 986,000,000 | 735,000,000 | 842,000,000 | 749,000,000 | ||||
basic eps from continuing operations | 1,050,000 | ||||||||||||||||||
basic eps | 1,050,000 | 880,000 | 620,000 | 820,000 | 930,000 | 1,160,000 | 1,000,000 | 1,140,000 | 1,210,000 | 990,000 | 790,000 | 730,000 | 960,000 | 1,100,000 | 980,000 | ||||
diluted eps from continuing operations | 1,040,000 | ||||||||||||||||||
diluted eps | 1,040,000 | 870,000 | 620,000 | 810,000 | 920,000 | 1,150,000 | 990,000 | 1,130,000 | 1,200,000 | 980,000 | 790,000 | 730,000 | 950,000 | 1,090,000 | 970,000 | ||||
basic weighted-average shares outstanding | 1,280,571,000,000 | 1,307,457,000,000 | 1,331,087,000,000 | 1,338,149,000,000 | 1,335,091,000,000 | 1,331,963,000,000 | 1,331,953,000,000 | 1,326,539,000,000 | 1,329,037,000,000 | 1,337,144,000,000 | 1,334,825,000,000 | 1,345,666,000,000 | 1,347,916,000,000 | 1,344,372,000,000 | 766,167,000,000 | 765,958,000,000 | 764,135,000,000 | ||
diluted weighted-average shares outstanding | 1,296,666,000,000 | 1,324,339,000,000 | 1,331,087,000,000 | 1,338,149,000,000 | 1,346,904,000,000 | 1,331,963,000,000 | 1,337,307,000,000 | 1,336,659,000,000 | 1,341,563,000,000 | 1,349,378,000,000 | 1,346,854,000,000 | 1,358,932,000,000 | 1,358,122,000,000 | 1,357,545,000,000 | 775,791,000,000 | 774,603,000,000 | 774,071,000,000 | ||
provision for credit losses | 458,000,000 | 451,000,000 | 234,000,000 | -95,000,000 | -177,500,000 | -324,000,000 | 48,000,000 | 421,000,000 | 893,000,000 | 117,000,000 | 172,000,000 | 155,000,000 | |||||||
net interest income after provision for credit losses | 3,049,000,000 | 3,076,000,000 | 3,511,000,000 | 3,278,000,000 | 2,618,250,000 | 3,557,000,000 | 3,237,000,000 | 2,941,000,000 | 2,757,000,000 | 1,583,000,000 | 1,518,000,000 | 1,541,000,000 | |||||||
other expense | 188,000,000 | 354,000,000 | 172,000,000 | 138,000,000 | 118,750,000 | 91,000,000 | 109,000,000 | 163,000,000 | 147,000,000 | 232,000,000 | 212,000,000 | 206,000,000 | |||||||
provision for income taxes | 274,000,000 | -1,324,000,000 | 363,000,000 | 330,000,000 | 297,250,000 | 423,000,000 | 351,000,000 | 255,000,000 | 224,000,000 | 218,000,000 | 234,000,000 | 177,000,000 | |||||||
basic earnings from continuing operations | 880,000 | -2,980,000 | 770,000 | ||||||||||||||||
diluted earnings from continuing operations | 870,000 | -2,980,000 | 760,000 | ||||||||||||||||
benefit from income taxes | 232,000,000 | 287,000,000 | |||||||||||||||||
insurance income | 935,000,000 | 725,000,000 | 727,000,000 | 666,000,000 | 645,000,000 | 626,000,000 | 518,000,000 | 549,000,000 | 487,000,000 | 566,000,000 | 510,000,000 | ||||||||
merger-related and restructuring charges | 54,000,000 | 62,000,000 | 216,000,000 | 212,000,000 | 172,000,000 | 141,000,000 | 236,000,000 | 107,000,000 | 34,000,000 | 23,000,000 | 80,000,000 | ||||||||
noncontrolling interests | 36,000,000 | 4,000,000 | 1,000,000 | -4,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | -1,000,000 | 6,000,000 | ||||||||||
residential mortgage income | 72,000,000 | 89,000,000 | 159,000,000 | 179,000,000 | 100,000,000 | 221,000,000 | 245,000,000 | ||||||||||||
commercial mortgage income | 50,000,000 | 32,000,000 | |||||||||||||||||
income from bank-owned life insurance | 49,000,000 | 51,000,000 | 44,000,000 | 43,000,000 | 50,000,000 | 46,000,000 | 44,000,000 | 29,000,000 | 34,000,000 | 28,000,000 | |||||||||
loan-related expense | 46,000,000 | 44,000,000 | 51,000,000 | 52,000,000 | 54,000,000 | 59,000,000 | 62,000,000 | 26,000,000 | 30,000,000 | 25,000,000 | |||||||||
loss on early extinguishment of debt | -750,000 | -3,000,000 | |||||||||||||||||
net income available to the bank holding company | 1,633,000,000 | 1,415,000,000 | 1,602,000,000 | 1,704,000,000 | 1,477,000,000 | 1,138,000,000 | |||||||||||||
commercial real estate related income | 64,750,000 | 78,000,000 | 43,000,000 | 55,000,000 | 44,000,000 | ||||||||||||||
dividends on preferred stock | 70,000,000 | 74,000,000 | 90,000,000 | 44,000,000 | 43,000,000 | ||||||||||||||
interest and dividends on securities | 315,000,000 | 300,000,000 | 302,000,000 | ||||||||||||||||
interest on short-term borrowings | 54,000,000 | 50,000,000 | 32,000,000 | ||||||||||||||||
investment banking and brokerage fees and commissions | 130,000,000 | 131,000,000 | 111,000,000 | ||||||||||||||||
trust and investment advisory revenues | 71,000,000 | 70,000,000 | 68,000,000 | ||||||||||||||||
bankcard fees and merchant discounts | 72,000,000 | 77,000,000 | 70,000,000 | ||||||||||||||||
checkcard fees | 57,000,000 | 59,000,000 | 55,000,000 | ||||||||||||||||
gross realized gains | 20,000,000 | 22,000,000 | |||||||||||||||||
gross realized losses | -20,000,000 | -22,000,000 | |||||||||||||||||
total securities gains | |||||||||||||||||||
occupancy and equipment expense | 186,000,000 | 184,000,000 | 187,000,000 | ||||||||||||||||
outside it services | 28,000,000 | 29,000,000 | 30,000,000 | ||||||||||||||||
regulatory charges | 20,000,000 | 19,000,000 | 18,000,000 | ||||||||||||||||
professional services | 47,000,000 | 31,000,000 | 31,000,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-03-31 | 2024-12-31 | 2024-06-30 | 2024-03-31 | 2023-06-30 | 2021-12-31 | 2021-09-30 | 2021-03-31 | 2020-09-30 | 2020-03-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2017-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||
cash and due from banks | 4,329,000,000 | 5,996,000,000 | 5,793,000,000 | 5,204,000,000 | 5,040,000,000 | 4,782,000,000 | 5,085,000,000 | 4,656,000,000 | 5,097,000,000 | 4,194,000,000 | 5,312,000,000 | 2,027,000,000 | 1,831,000,000 | 1,873,000,000 | 2,753,000,000 | 2,243,000,000 | 1,639,000,000 | 2,050,000,000 | 2,024,000,000 |
interest-bearing deposits with banks | 32,523,000,000 | 36,175,000,000 | 33,975,000,000 | 35,675,000,000 | 29,510,000,000 | 25,228,000,000 | 15,210,000,000 | 15,171,000,000 | 27,035,000,000 | 32,914,000,000 | 31,036,000,000 | 866,000,000 | 707,000,000 | 751,000,000 | 984,000,000 | 343,000,000 | 751,000,000 | 388,000,000 | 435,000,000 |
securities borrowed or purchased under agreements to resell | 2,981,000,000 | 2,810,000,000 | 2,550,000,000 | 2,338,000,000 | 2,091,000,000 | 2,315,000,000 | 4,028,000,000 | ||||||||||||
trading assets at fair value | 5,731,000,000 | 5,838,000,000 | 5,100,000,000 | 5,558,000,000 | 5,268,000,000 | 4,097,000,000 | 4,423,000,000 | 6,972,000,000 | 5,094,000,000 | 4,670,000,000 | 3,863,000,000 | ||||||||
afs securities at fair value | 65,522,000,000 | 68,012,000,000 | 67,464,000,000 | 55,969,000,000 | 66,050,000,000 | 68,965,000,000 | 153,123,000,000 | 151,038,000,000 | 123,807,000,000 | 86,132,000,000 | 78,398,000,000 | 35,997,000,000 | 25,802,000,000 | 26,315,000,000 | 25,038,000,000 | 24,547,000,000 | |||
htm securities | 48,022,000,000 | 49,876,000,000 | 50,640,000,000 | 52,447,000,000 | 53,369,000,000 | 55,958,000,000 | 1,494,000,000 | 18,768,000,000 | 19,487,000,000 | 20,095,000,000 | 20,552,000,000 | 23,027,000,000 | |||||||
lhfs | 1,925,000,000 | 1,114,000,000 | 1,388,000,000 | 1,457,000,000 | 1,253,000,000 | 1,923,000,000 | 4,812,000,000 | 5,133,000,000 | 5,668,000,000 | 5,522,000,000 | 4,810,000,000 | ||||||||
loans and leases | 323,738,000,000 | 308,638,000,000 | 306,383,000,000 | 305,692,000,000 | 307,224,000,000 | 322,092,000,000 | 289,513,000,000 | 285,522,000,000 | 291,511,000,000 | 306,627,000,000 | 319,229,000,000 | 149,413,000,000 | 152,586,000,000 | 149,057,000,000 | 149,013,000,000 | 143,701,000,000 | 97,245,000,000 | 89,903,000,000 | 82,023,000,000 |
alll | -4,988,000,000 | -4,870,000,000 | -4,857,000,000 | -4,808,000,000 | -4,803,000,000 | -4,606,000,000 | -4,435,000,000 | -4,702,000,000 | -5,662,000,000 | -5,863,000,000 | -5,211,000,000 | -1,573,000,000 | -1,595,000,000 | -1,561,000,000 | -1,558,000,000 | -1,490,000,000 | |||
loans and leases, net of alll | 318,750,000,000 | 303,768,000,000 | 301,526,000,000 | 300,884,000,000 | 302,421,000,000 | 317,486,000,000 | 285,078,000,000 | 280,820,000,000 | 285,849,000,000 | 300,764,000,000 | 314,018,000,000 | 147,840,000,000 | 150,991,000,000 | 147,496,000,000 | 147,455,000,000 | 142,211,000,000 | |||
premises and equipment | 3,176,000,000 | 3,168,000,000 | 3,225,000,000 | 3,244,000,000 | 3,274,000,000 | 3,453,000,000 | 3,700,000,000 | 3,719,000,000 | 3,787,000,000 | 3,968,000,000 | 3,999,000,000 | 2,022,000,000 | 2,029,000,000 | 2,078,000,000 | 2,118,000,000 | 2,055,000,000 | 1,580,000,000 | 1,529,000,000 | 1,410,000,000 |
goodwill | 17,125,000,000 | 17,125,000,000 | 17,125,000,000 | 17,157,000,000 | 17,157,000,000 | 27,013,000,000 | 26,098,000,000 | 24,891,000,000 | 24,356,000,000 | 23,869,000,000 | 23,927,000,000 | 9,832,000,000 | 9,830,000,000 | 9,818,000,000 | 9,818,000,000 | 9,618,000,000 | 5,483,000,000 | 5,194,000,000 | 4,827,000,000 |
cdi and other intangible assets | 1,328,000,000 | 1,473,000,000 | 1,550,000,000 | 1,729,000,000 | 1,816,000,000 | 3,403,000,000 | 3,408,000,000 | 2,930,000,000 | 2,825,000,000 | 2,840,000,000 | 3,168,000,000 | 678,000,000 | 712,000,000 | 726,000,000 | 758,000,000 | 711,000,000 | |||
loan servicing rights at fair value | 3,776,000,000 | 3,628,000,000 | 3,708,000,000 | 3,410,000,000 | 3,417,000,000 | 3,497,000,000 | 2,633,000,000 | ||||||||||||
other assets | 38,663,000,000 | 36,916,000,000 | 37,132,000,000 | 34,781,000,000 | 36,521,000,000 | 36,429,000,000 | 32,149,000,000 | 30,051,000,000 | 30,305,000,000 | 31,019,000,000 | 33,752,000,000 | 16,234,000,000 | 17,113,000,000 | 16,313,000,000 | 13,875,000,000 | 14,235,000,000 | 10,607,000,000 | 7,499,000,000 | 5,740,000,000 |
total assets | 543,851,000,000 | 535,899,000,000 | 531,176,000,000 | 519,853,000,000 | 534,959,000,000 | 554,549,000,000 | 541,241,000,000 | 529,884,000,000 | 517,537,000,000 | 499,183,000,000 | 506,229,000,000 | 236,750,000,000 | 230,872,000,000 | 227,683,000,000 | 225,697,000,000 | 221,642,000,000 | 152,015,000,000 | 132,618,000,000 | 121,351,000,000 |
liabilities | |||||||||||||||||||
noninterest-bearing deposits | 106,197,000,000 | 108,461,000,000 | 107,451,000,000 | 107,310,000,000 | 110,901,000,000 | 121,831,000,000 | 145,892,000,000 | 143,595,000,000 | 136,555,000,000 | 124,297,000,000 | 97,618,000,000 | 53,767,000,000 | 13,649,000,000 | 13,059,000,000 | 13,393,000,000 | ||||
interest-bearing deposits | 288,710,000,000 | 295,275,000,000 | 283,073,000,000 | 278,101,000,000 | 283,364,000,000 | 284,212,000,000 | 270,596,000,000 | 262,262,000,000 | 259,007,000,000 | 246,450,000,000 | 252,561,000,000 | 103,604,000,000 | |||||||
short-term borrowings | 29,376,000,000 | 23,730,000,000 | 29,205,000,000 | 22,816,000,000 | 26,329,000,000 | 24,456,000,000 | 5,292,000,000 | 5,226,000,000 | 5,889,000,000 | 6,244,000,000 | 12,696,000,000 | 10,405,000,000 | 10,344,000,000 | 6,305,000,000 | 5,178,000,000 | 4,938,000,000 | |||
long-term debt | 41,729,000,000 | 32,030,000,000 | 34,956,000,000 | 34,616,000,000 | 39,071,000,000 | 44,749,000,000 | 35,913,000,000 | 37,837,000,000 | 37,753,000,000 | 41,008,000,000 | 65,662,000,000 | 25,520,000,000 | 22,640,000,000 | 24,729,000,000 | 23,709,000,000 | 23,648,000,000 | 18,032,000,000 | 18,693,000,000 | 15,904,000,000 |
other liabilities | 12,193,000,000 | 11,768,000,000 | 12,812,000,000 | 13,183,000,000 | 13,119,000,000 | 15,620,000,000 | 14,277,000,000 | 12,064,000,000 | 10,457,000,000 | 11,211,000,000 | 11,631,000,000 | ||||||||
total liabilities | 478,205,000,000 | 471,264,000,000 | 467,497,000,000 | 456,026,000,000 | 475,906,000,000 | 490,868,000,000 | 471,970,000,000 | 460,984,000,000 | 449,661,000,000 | 429,210,000,000 | 440,168,000,000 | 204,447,000,000 | 199,108,000,000 | 196,800,000,000 | 195,519,000,000 | 191,947,000,000 | 135,978,000,000 | 119,986,000,000 | 109,606,000,000 |
shareholders’ equity | |||||||||||||||||||
preferred stock | 5,907,000,000 | 5,907,000,000 | 5,907,000,000 | 6,673,000,000 | 6,673,000,000 | 6,673,000,000 | 6,673,000,000 | 6,673,000,000 | |||||||||||
common stock | 6,396,000,000 | 6,548,000,000 | 6,580,000,000 | 6,691,000,000 | 6,690,000,000 | 6,660,000,000 | 6,639,000,000 | 6,674,000,000 | 6,724,000,000 | 6,741,000,000 | 6,737,000,000 | 3,832,000,000 | 3,830,000,000 | 3,830,000,000 | 3,817,000,000 | 3,910,000,000 | 2,796,000,000 | 2,707,000,000 | |
additional paid-in capital | 34,278,000,000 | 35,178,000,000 | 35,628,000,000 | 36,364,000,000 | 36,197,000,000 | 35,990,000,000 | 34,565,000,000 | 34,977,000,000 | 35,360,000,000 | 35,774,000,000 | 35,584,000,000 | 6,931,000,000 | 6,889,000,000 | 6,843,000,000 | 6,849,000,000 | 7,893,000,000 | 3,510,000,000 | 3,087,000,000 | 2,801,000,000 |
retained earnings | 25,438,000,000 | 24,252,000,000 | 23,777,000,000 | 22,603,000,000 | 22,483,000,000 | 27,577,000,000 | 22,998,000,000 | 22,114,000,000 | 20,184,000,000 | 18,834,000,000 | 18,076,000,000 | 19,440,000,000 | 19,050,000,000 | 18,518,000,000 | 18,118,000,000 | 16,259,000,000 | 7,381,000,000 | 6,919,000,000 | 6,596,000,000 |
aoci, net of deferred income taxes | -6,373,000,000 | -7,250,000,000 | -8,213,000,000 | -8,504,000,000 | -13,222,000,000 | -13,374,000,000 | -1,604,000,000 | -1,538,000,000 | -1,516,000,000 | 470,000,000 | 898,000,000 | -1,026,000,000 | -1,119,000,000 | -1,421,000,000 | -1,715,000,000 | -1,467,000,000 | |||
total shareholders’ equity | 65,646,000,000 | 64,635,000,000 | 63,679,000,000 | 63,827,000,000 | 59,053,000,000 | 63,681,000,000 | 69,271,000,000 | 68,900,000,000 | 67,876,000,000 | 29,695,000,000 | 16,037,000,000 | 12,632,000,000 | 11,745,000,000 | ||||||
total liabilities and shareholders’ equity | 543,851,000,000 | 535,899,000,000 | 531,176,000,000 | 519,853,000,000 | 534,959,000,000 | 554,549,000,000 | 541,241,000,000 | 529,884,000,000 | 517,537,000,000 | 221,642,000,000 | 152,015,000,000 | 132,618,000,000 | 121,351,000,000 | ||||||
common shares outstanding | 1,279,246,000,000 | 1,309,539,000,000 | 1,315,936,000,000 | 1,338,223,000,000 | 1,338,096,000,000 | 1,331,976,000,000 | 1,327,818,000,000 | 1,334,892,000,000 | 1,344,845,000,000 | 1,348,118,000,000 | 1,347,461,000,000 | 766,303,000,000 | 766,010,000,000 | 765,920,000,000 | 763,326,000,000 | 782,006,000,000 | 559,248,000,000 | ||
common shares authorized | 2,000,000,000,000 | 2,000,000,000,000 | 2,000,000,000,000 | 2,000,000,000,000 | 2,000,000,000,000 | 2,000,000,000,000 | 2,000,000,000,000 | 2,000,000,000,000 | 2,000,000,000,000 | 2,000,000,000,000 | 2,000,000,000,000 | 2,000,000,000,000 | 2,000,000,000,000 | 2,000,000,000,000 | 2,000,000,000,000 | 2,000,000,000,000 | 1,000,000,000,000 | ||
preferred shares outstanding | 216,000,000 | 216,000,000 | 216,000,000 | 223,000,000 | 223,000,000 | 223,000,000 | 223,000,000 | 223,000,000 | 107,000,000 | 280,000,000 | 140,000,000 | 125,000,000 | 126,000,000 | 126,000,000 | 126,000,000 | 126,000,000 | 3,000,000 | ||
preferred shares authorized | 5,000,000,000 | 5,000,000,000 | 5,000,000,000 | 5,000,000,000 | 5,000,000,000 | 5,000,000,000 | 5,000,000,000 | 5,000,000,000 | 5,000,000,000 | 5,000,000,000 | 5,000,000,000 | 5,000,000,000 | 5,000,000,000 | 5,000,000,000 | 5,000,000,000 | 5,000,000,000 | 5,000,000,000 | ||
assets of discontinued operations | 7,772,000,000 | ||||||||||||||||||
liabilities of discontinued operations | 3,122,000,000 | ||||||||||||||||||
noncontrolling interests | 232,000,000 | 155,000,000 | 106,000,000 | 167,000,000 | 69,000,000 | 61,000,000 | 60,000,000 | 56,000,000 | 47,000,000 | ||||||||||
securities borrowed or purchased under resale agreements | 1,919,000,000 | 1,349,000,000 | 1,300,000,000 | 1,796,000,000 | |||||||||||||||
msrs at fair value | 2,584,000,000 | 2,365,000,000 | 919,000,000 | 970,000,000 | 1,036,000,000 | 1,108,000,000 | 1,056,000,000 | ||||||||||||
preferred stock, 5 par value, liquidation preference of 25,000 per share | 7,124,000,000 | 8,048,000,000 | 4,599,000,000 | ||||||||||||||||
msrs | 1,991,000,000 | 2,150,000,000 | |||||||||||||||||
shareholders' equity | |||||||||||||||||||
total shareholders' equity | 69,973,000,000 | 66,061,000,000 | 32,303,000,000 | 31,764,000,000 | 30,883,000,000 | 30,178,000,000 | |||||||||||||
total liabilities and shareholders' equity | 499,183,000,000 | 506,229,000,000 | 236,750,000,000 | 230,872,000,000 | 227,683,000,000 | 225,697,000,000 | |||||||||||||
cash equivalents | 114,000,000 | 148,000,000 | 252,000,000 | 143,000,000 | 127,000,000 | ||||||||||||||
restricted cash | 11,000,000 | 15,000,000 | 96,000,000 | 107,000,000 | 370,000,000 | ||||||||||||||
lhfs at fair value | 1,442,000,000 | 1,237,000,000 | 834,000,000 | 988,000,000 | 1,099,000,000 | ||||||||||||||
deposits | 162,280,000,000 | 159,521,000,000 | 159,766,000,000 | 161,199,000,000 | |||||||||||||||
accounts payable and other liabilities | 6,242,000,000 | 6,603,000,000 | 6,000,000,000 | 5,433,000,000 | 5,990,000,000 | 8,545,000,000 | 3,893,000,000 | 4,644,000,000 | |||||||||||
commitments and contingencies | |||||||||||||||||||
preferred stock, 5 par, liquidation preference of 25,000 per share | 3,057,000,000 | 3,053,000,000 | 3,053,000,000 | 3,053,000,000 | 3,053,000,000 | ||||||||||||||
liabilities and shareholders’ equity | |||||||||||||||||||
deposits: | |||||||||||||||||||
total deposits | 157,371,000,000 | 98,613,000,000 | 86,766,000,000 | 80,971,000,000 | |||||||||||||||
shareholders’ equity: | |||||||||||||||||||
federal funds sold and securities purchased under resale agreements or similar arrangements | 350,000,000 | 679,000,000 | 253,000,000 | ||||||||||||||||
segregated cash due from banks | 379,000,000 | 208,000,000 | 153,000,000 | ||||||||||||||||
trading securities at fair value | 376,000,000 | 1,009,000,000 | 2,147,000,000 | ||||||||||||||||
securities available for sale at fair value | 32,843,000,000 | 22,419,000,000 | 20,721,000,000 | ||||||||||||||||
loans held for sale | 1,424,000,000 | 779,000,000 | 680,000,000 | ||||||||||||||||
allowance for loan and lease losses | -1,574,000,000 | -1,004,000,000 | -888,000,000 | ||||||||||||||||
loans and leases, net of allowance for loan and lease losses | 95,671,000,000 | ||||||||||||||||||
core deposit and other intangible assets | 542,000,000 | 489,000,000 | 454,000,000 | ||||||||||||||||
residential mortgage servicing rights at fair value | 370,000,000 | 472,000,000 | |||||||||||||||||
interest checking | 2,576,000,000 | 1,201,000,000 | 1,333,000,000 | ||||||||||||||||
other client deposits | 39,413,000,000 | 35,504,000,000 | 34,062,000,000 | ||||||||||||||||
client certificates of deposit | 27,937,000,000 | 26,972,000,000 | 24,987,000,000 | ||||||||||||||||
other interest-bearing deposits | 15,038,000,000 | 10,030,000,000 | 7,196,000,000 | ||||||||||||||||
federal funds purchased, securities sold under repurchase agreements and short-term borrowed funds | 10,788,000,000 | 10,634,000,000 | 8,087,000,000 | ||||||||||||||||
preferred stock, liquidation preference of 1,000,000 per share | 3,082,000,000 | ||||||||||||||||||
accumulated other comprehensive loss, net of deferred income taxes of (438) at december 31, 2008 and (65) at december 31, 2007 | -732,000,000 | ||||||||||||||||||
loans and leases, net of unearned income | 90,907,000,000 | 82,911,000,000 | |||||||||||||||||
preferred stock, 5 par, 5,000 shares authorized, none issued or outstanding at december 31, 2007 or at december 31, 2006 | |||||||||||||||||||
545,955 issued and outstanding at december 31, 2007 and 541,475 issued and outstanding at december 31, 2006 | 2,730,000,000 | ||||||||||||||||||
accumulated other comprehensive loss, net of deferred income taxes of (65) at december 31, 2007 and (212) at december 31, 2006 | -104,000,000 | ||||||||||||||||||
residential mortgage servicing rights | 484,000,000 | ||||||||||||||||||
preferred stock, 5 par, 5,000,000 shares authorized, none issued or outstanding at december 31, 2006 or at december 31, 2005 | |||||||||||||||||||
accumulated other comprehensive loss, net of deferred income taxes of (212) at december 31, 2006 and (207) at december 31, 2005 | -359,000,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2024-03-31 | 2021-12-31 | 2019-09-30 |
|---|---|---|---|
cash flows from operating activities: | |||
net income | 1,200,000,000 | 3,926,000,000 | 828,000,000 |
adjustments to reconcile net income to net cash from operating activities: | |||
benefit from credit losses | 500,000,000 | -1,257,000,000 | 117,000,000 |
depreciation | 164,000,000 | 486,000,000 | 112,000,000 |
amortization of intangibles | 109,000,000 | 481,000,000 | 29,000,000 |
securities (gains) losses | |||
gain on sale of tih, net of tax | |||
net change in operating assets and liabilities: | |||
lhfs | -349,000,000 | 1,942,000,000 | -205,000,000 |
pension asset | -57,000,000 | ||
derivative assets and liabilities | 255,000,000 | ||
trading assets | -936,000,000 | ||
other assets and other liabilities | -1,985,000,000 | ||
other | 109,000,000 | -337,000,000 | 172,000,000 |
net cash from operating activities | -990,000,000 | 5,928,000,000 | 1,775,000,000 |
capital expenditures | 0 | 0 | 0 |
free cash flows | -990,000,000 | 5,928,000,000 | 1,775,000,000 |
cash flows from investing activities: | |||
proceeds from sales of afs securities | 6,000,000 | -4,107,000,000 | 145,000,000 |
proceeds from maturities, calls and paydowns of afs securities | 3,923,000,000 | 30,917,000,000 | 1,203,000,000 |
purchases of afs securities | -3,807,000,000 | -53,555,000,000 | -11,392,000,000 |
proceeds from maturities, calls and paydowns of htm securities | 808,000,000 | 711,000,000 | |
originations of loans and leases, net of principal collected | |||
purchases of loans and leases | |||
sales of loans and leases | |||
net cash received (paid) for securities borrowed or purchased under agreements to resell | 287,000,000 | ||
net cash received (paid) for asset acquisitions, business combinations, and divestitures | |||
net cash from investing activities | 5,903,000,000 | -22,656,000,000 | -6,593,000,000 |
cash flows from financing activities: | |||
net change in deposits | -1,599,000,000 | 34,327,000,000 | 2,669,000,000 |
net change in short-term borrowings | 1,493,000,000 | -6,117,000,000 | 151,000,000 |
proceeds from issuance of long-term debt | 8,130,000,000 | -925,000,000 | 3,620,000,000 |
repayment of long-term debt | -7,750,000,000 | -3,700,000,000 | -863,000,000 |
repurchase of common stock | -1,613,000,000 | ||
cash dividends paid on common stock | -694,000,000 | -1,521,000,000 | -345,000,000 |
cash dividends paid on preferred stock | -106,000,000 | -236,000,000 | -44,000,000 |
net cash from financing activities | -572,000,000 | 19,124,000,000 | 5,135,000,000 |
net change in cash and cash equivalents | 4,341,000,000 | ||
cash and cash equivalents of continuing and discontinued operations, january 1 | 30,644,000,000 | ||
cash and cash equivalents of continuing and discontinued operations, september 30 | |||
supplemental disclosure of cash flow information: | |||
net cash paid (received) during the period for: | |||
interest expense | 2,826,000,000 | -627,000,000 | 493,000,000 |
income taxes | 30,000,000 | 383,000,000 | 85,000,000 |
goodwill impairment | |||
loan servicing rights | |||
investments in affordable housing projects and other qualified tax credits | |||
purchases of htm securities | |||
net cash received (paid) for fhlb stock | -1,000,000 | ||
redemption of preferred stock | 310,000,000 | ||
net cash received (paid) for hedge unwinds | |||
net cash from tih minority stake sale | |||
cash and cash equivalents of continuing and discontinued operations, december 31 | |||
noncash investing activities: | |||
transfer of loans hfi to lhfs | |||
transfer of afs securities to htm | |||
originations and purchases of loans and leases, net of sales and principal collected | 4,692,000,000 | 10,847,000,000 | |
cash and cash equivalents of continuing and discontinued operations, march 31 | 34,985,000,000 | ||
net cash from ih minority stake sale | |||
cash and cash equivalents, january 1 | |||
cash and cash equivalents, june 30 | |||
net cash paid for premises and equipment | |||
net cash received (paid) for mergers, acquisitions and divestitures | |||
net cash for (premiums) proceeds on bank-owned life insurance | |||
net proceeds from preferred stock issued | |||
cash and cash equivalents, december 31 | |||
purchases (sales) of securities not yet settled | |||
stock issued in business combinations | |||
transfer of htm securities to afs | |||
equity-based compensation expense | 39,000,000 | ||
(gain) loss on securities | |||
trading and equity securities | 977,000,000 | ||
other assets, accounts payable and other liabilities | -294,000,000 | ||
net change in cash, cash equivalents and restricted cash | 317,000,000 | ||
cash, cash equivalents and restricted cash, january 1 | 0 | ||
cash, cash equivalents and restricted cash, september 30 | |||
originations and purchases of loans and leases, net of principal collected | |||
cash, cash equivalents and restricted cash, june 30 | |||
gain on early extinguishment of debt | |||
net cash received (paid) for acquisitions and divestitures | |||
cash, cash equivalents and restricted cash, december 31 | |||
transfers of loans to foreclosed assets | |||
trading securities | |||
cash paid to terminate fdic loss share agreements | |||
net cash from common stock transactions in connection with equity awards | |||
cash and cash equivalents at beginning of period | |||
cash and cash equivalents at end of period | |||
cash paid during the period for: | |||
interest | |||
noncash investing and financing activities: | |||
transfers of loans hfi to lhfs | |||
stock issued in acquisitions | |||
purchase of additional interest in amrisc, lp | |||
equity-based compensation | |||
discount accretion and premium amortization on long-term debt | |||
(gain) loss on sales of securities | |||
gain on disposals of premises and equipment | |||
net decrease (increase) in trading account securities | |||
net increase in loans held for sale | |||
increase in other assets | |||
increase in accounts payable and other liabilities | |||
increase in segregated cash due from banks | |||
proceeds from sales of securities available for sale | |||
proceeds from maturities, calls and paydowns of securities available for sale | |||
purchases of securities available for sale | |||
net cash acquired (paid) in business combinations | |||
proceeds from disposals of premises and equipment | |||
purchases of premises and equipment | |||
proceeds from sales of foreclosed property or other real estate held for sale | |||
net increase in deposits | |||
net increase in federal funds purchased, securities sold under repurchase agreements and short-term borrowed funds | |||
proceeds from long-term debt | |||
net proceeds from common stock issued | |||
redemption of common stock | |||
excess tax benefit from equity-based awards | |||
net increase in cash and cash equivalents | |||
cash and cash equivalents at beginning of year | |||
cash and cash equivalents at end of year | |||
cash paid during the year for: | |||
transfer of loans to foreclosed property | |||
transfer of fixed assets to other real estate owned | |||
securitization of mortgage loans | |||
transfer of loans held for sale to loans held for investment | |||
common stock issued in business combinations | |||
loss on sales of securities | |||
net cash (paid) acquired in business combinations | |||
net increase in federal funds purchased, securities sold under repurchase | |||
agreements and short-term borrowed funds | |||
amortization of purchase accounting mark-to-market adjustments | |||
discount accretion and premium amortization on securities | |||
net increase in trading account securities | |||
gain on sales of securities | |||
gain on sales of loans and mortgage loan servicing rights | |||
proceeds from sales of loans held for sale | |||
originations and purchases of loans held for sale, net of principal collected | |||
proceeds from maturities, calls and paydowns of securities held to maturity | |||
leases made to customers | |||
principal collected on leases | |||
originations and purchases of loans, net of principal collected |