Company: TFC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000092230-25-000020
Chunk: 198

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 2
Chunk 198
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,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 operations4,885 456 488 Net income (loss)4,840 (1,047)6,267 Noncontrolling interests from discontinued operations22 44 7 Preferred stock dividends and other349 361 333 Net income (loss) available to common shareholders$4,469 $(1,452)$5,927 Basic earnings from continuing operations$(0.30)$(1.40)$4.10 Basic EPS3.36 (1.09)4.46 Diluted earnings from continuing operations(0.30)(1.40)4.07 Diluted EPS3.36 (1.09)4.43 Basic weighted average shares outstanding1,331,087 1,331,963 1,328,120 Diluted weighted average shares outstanding1,331,087 1,