Company: TFC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000092230-25-000020
Chunk: 352

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 7A
Chunk 352
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518 $13,252 Interest on securities3,506 3,066 2,763 Interest on other earning assets2,330 1,868 619 Total interest income25,066 24,452 16,634 Interest Expense  Interest on deposits7,849 6,427 1,145 Interest on long-term debt1,813 2,215 791 Interest on other borrowings1,313 1,286 385 Total interest expense10,975 9,928 2,321 Net Interest Income14,091 14,524 14,313 Provision for credit losses1,870 2,109 777 Net Interest Income After Provision for Credit Losses12,221 12,415 13,536 Noninterest Income  Wealth management income1,412 1,358 1,338 Investment banking and trading income1,203 822 995 Card and payment related fees907 936 944 Service charges on deposits915 873 1,028 Mortgage banking income432 437 460 Lending related fees366 447 375 Operating lease income205 254 258 Securities gains (losses)(6,651)— (71)Other income398 371 333 Total noninterest income(813)5,498 5,660 Noninterest Expense  Personnel expense6,506 6,516 6,558 Professional fees and outside processing1,337 1,192 1,322 Software expense896 868 887 Net occupancy expense656 658 690 Equipment expense373 381 449 Amortization of intangibles345 395 455 Marketing and customer development268 260 321 Operating lease depreciation144 175 184 Regulatory costs344 824 183 Restructuring charges120 320 466 Goodwill impairment— 6,078 — Other expense1,020 1,011 652 Total noninterest expense12,009 18,678 12,167 Earnings  Income (loss) before income taxes(601)(765)7,029 Provision (benefit) for income taxes(556)738 1,250 Net income (loss) from continuing operations(45)(1,503)5,779 Net income from discontinued operations4,885 456