Operating Segments

3 Months Ended

Mar. 31, 2020

Truist operates and measures business activity across three segments: Consumer Banking and Wealth, Corporate and Commercial Banking, and Insurance Holdings, with functional activities included in Other, Treasury, and Corporate. The Company's business segment structure is based on the manner in which financial information is evaluated by management as well as the products and services provided or the type of client served. For additional information, see Note 21. Operating Segments of the Annual Report on Form 10-K for the year ended December 31, 2019.

The following table presents results by segment:


Three Months Ended March 31, (Dollars in millions)	CB&W									C&CB									IH
			2020			2019			2020			2019			2020			2019
Net interest income (expense)	$	1,860		$	828		$	1,534		$	739		$	36		$	34
Net intersegment interest income (expense)	388			193			(194)			(105)			(11)			(11)
Segment net interest income	2,248			1,021			1,340			634			25			23
Allocated provision for credit losses	437			131			399			20			1			3
Segment net interest income after provision	1,811			890			941			614			24			20
Noninterest income	1,072			507			460			244			557			515
Noninterest expense	1,993			882			886			315			440			417
Income (loss) before income taxes	890			515			515			543			141			118
Provision (benefit) for income taxes	209			125			92			113			36			30
Segment net income (loss)	$	681		$	390		$	423		$	430		$	105		$	88

Identifiable assets (period end)	$	168,356		$	75,873		$	203,363		$	85,911		$	7,009		$	6,376

										OT&C (1)									Total
							2020			2019			2020			2019
Net interest income (expense)							$	220		$	95		$	3,650		$	1,696
Net intersegment interest income (expense)							(183)			(77)			—			—
Segment net interest income							37			18			3,650			1,696
Allocated provision for credit losses							56			1			893			155
Segment net interest income after provision							(19)			17			2,757			1,541
Noninterest income							(128)			(64)			1,961			1,202
Noninterest expense							112			154			3,431			1,768
Income (loss) before income taxes							(259)			(201)			1,287			975
Provision (benefit) for income taxes							(113)			(91)			224			177
Segment net income (loss)							$	(146)		$	(110)		$	1,063		$	798

Identifiable assets (period end)							$	127,501		$	59,523		$	506,229		$	227,683

(1) Includes financial data from business units below the quantitative and qualitative thresholds requiring disclosure.