Item 6. SELECTED FINANCIAL DATA

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Item 6. SELECTED FINANCIAL DATA


As of/ For the Year Ended December 31,
(Dollars in millions, except per share data, shares in thousands)	2020		2019		2018		2017		2016
Summary Income Statement:
Revenue -TE (1)	$	22,830	$	12,664	$	11,654	$	11,476	$	10,953
Less: TE adjustment (2)	125		96		96		159		160
Revenue-reported (1)	22,705		12,568		11,558		11,317		10,793
Provision for credit losses	2,335		615		566		547		572
Noninterest expense	14,897		7,934		6,932		7,444		6,721
Income before income taxes	5,473		4,019		4,060		3,326		3,500
Provision for income taxes	981		782		803		911		1,058
Net income	4,492		3,237		3,257		2,415		2,442
Noncontrolling interest	10		13		20		21		16
Preferred stock dividends	298		196		174		174		167
Net income available to common shareholders	4,184		3,028		3,063		2,220		2,259
Per Common Share:
Basic EPS	$	3.11	$	3.76	$	3.96	$	2.78	$	2.81
Diluted EPS	3.08		3.71		3.91		2.74		2.77
Cash dividends declared	1.80		1.71		1.56		1.26		1.15
Common shareholders' equity	46.52		45.66		35.46		34.01		33.14
Average Balances:
Total assets	$	499,085	$	247,494	$	222,273	$	221,065	$	218,945
Securities, at amortized cost (3)	83,227		50,645		47,100		46,029		46,279
Loans and leases (4)	314,501		161,604		146,417		144,075		141,759
Deposits	363,293		173,269		157,483		159,241		157,469
Long-term debt	45,793		24,756		23,755		21,660		22,791
Shareholders' equity	68,024		34,108		29,743		30,001		29,355
Period-End Balances:
Total assets	$	509,228	$	473,078	$	225,697	$	221,642	$	219,276
Securities (5)	120,788		74,727		45,590		47,574		43,606
Loans and leases (4)	305,793		308,215		150,001		144,800		145,038
Deposits	381,077		334,727		161,199		157,371		160,234
Long-term debt	39,597		41,339		23,709		23,648		21,965
Shareholders' equity	70,912		66,558		30,178		29,695		29,926
Selected Ratios:
NIM	3.22%		3.42%		3.46%		3.46%		3.39%
Rate of return on:
Average total assets	0.90		1.31		1.47		1.09		1.12
Average common shareholders' equity	6.82		9.87		11.50		8.25		8.57
Average total shareholders' equity	6.60		9.49		10.95		8.05		8.32

Average total shareholders' equity to average total assets	13.63		13.78		13.38		13.57		13.41

(1)Revenue is defined as net interest income plus noninterest income.

(2)TE adjustment is based on the federal income tax rate.

(3)Include AFS and HTM securities.

(4)Loans and leases are net of unearned income and include LHFS.

(5)Includes AFS securities at fair value and HTM securities at amortized cost.

Truist Financial Corporation 41

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