Company: TFC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000092230-25-000020
Chunk: 28

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 3
Chunk 28
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   159

The following table presents results by segment:Year Ended December 31,(Dollars in millions)CSBBWBOT&C(1)Total202420232022202420232022202420232022202420232022Net interest income (expense)$5,288 $5,948 $6,676 $8,499 $9,166 $5,988 $304 $(590)$1,649 $14,091 $14,524 $14,313 Net intersegment interest income (expense)5,220 4,666 3,072 (1,877)(2,190)608 (3,343)(2,476)(3,680)— — — Segment net interest income10,508 10,614 9,748 6,622 6,976 6,596 (3,039)(3,066)(2,031)14,091 14,524 14,313 Allocated provision for credit losses1,308 1,116 864 562 999 (90)— (6)3 1,870 2,109 777 Noninterest income2,041 2,011 2,108 4,053 3,602 3,922 (6,907)(115)(370)(813)5,498 5,660 Personnel expense1,627 1,746 1,851 2,288 2,341 2,383 2,591 2,429 2,324 6,506 6,516 6,558 Amortization of intangibles181 210 252 161 185 203 3 — — 345 395 455 Restructuring charges4 51 51 29 137 12 87 132 403 120 320 466 Goodwill impairment— 3,361 — — 2,717 — — — — — 6,078 — Other direct noninterest expense(2)1,115 1,221 1,227 750 796 726 3,173 3,352 2,735 5,038 5,369 4,688 Total direct noninterest expense 2,927 6,589 3,381 3,228 6