XML 36 R25.htm IDEA: XBRL DOCUMENT v3.20.2
Operating Segments
6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Operating Segments Operating Segments
 
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 June 30,
(Dollars in millions)
CB&WC&CBIH
202020192020201920202019
Net interest income (expense)$1,843  $835  $1,351  $751  $33  $35  
Net intersegment interest income (expense)313  210  (55) (109) (10) (10) 
Segment net interest income2,156  1,045  1,296  642  23  25  
Allocated provision for credit losses270  123  533  51    
Segment net interest income after provision1,886  922  763  591  17  23  
Noninterest income1,006  580  624  251  598  570  
Noninterest expense1,969  898  884  326  449  444  
Income (loss) before income taxes923  604  503  516  166  149  
Provision (benefit) for income taxes218  146  94  107  41  38  
Segment net income (loss)$705  $458  $409  $409  $125  $111  
Identifiable assets (period end)$167,665  $78,608  $198,843  $86,501  $7,360  $7,162  
OT&C (1)Total
 2020201920202019
Net interest income (expense)$221  $69  $3,448  $1,690  
Net intersegment interest income (expense)(248) (91) —  —  
Segment net interest income(27) (22) 3,448  1,690  
Allocated provision for credit losses35  (4) 844  172  
Segment net interest income after provision(62) (18) 2,604  1,518  
Noninterest income195  (49) 2,423  1,352  
Noninterest expense576  83  3,878  1,751  
Income (loss) before income taxes(443) (150) 1,149  1,119  
Provision (benefit) for income taxes(162) (57) 191  234  
Segment net income (loss)$(281) $(93) $958  $885  
Identifiable assets (period end)$130,468  $58,601  $504,336  $230,872  
Six Months Ended June 30,
(Dollars in millions)
CB&WC&CBIH
202020192020201920202019
Net interest income (expense)$3,703  $1,663  $2,885  $1,491  $69  $69  
Net intersegment interest income (expense)703  403  (254) (213) (21) (22) 
Segment net interest income4,406  2,066  2,631  1,278  48  47  
Allocated provision for credit losses707  254  932  71    
Segment net interest income after provision3,699  1,812  1,699  1,207  41  43  
Noninterest income2,073  1,086  1,084  494  1,155  1,085  
Noninterest expense3,957  1,778  1,771  641  889  861  
Income (loss) before income taxes1,815  1,120  1,012  1,060  307  267  
Provision (benefit) for income taxes428  272  185  220  77  68  
Segment net income (loss)$1,387  $848  $827  $840  $230  $199  
Identifiable assets (period end)$167,665  $78,608  $198,843  $86,501  $7,360  $7,162  
 OT&C (1)Total
 2020201920202019
Net interest income (expense)$441  $163  $7,098  $3,386  
Net intersegment interest income (expense)(428) (168) —  —  
Segment net interest income13  (5) 7,098  3,386  
Allocated provision for credit losses91  (2) 1,737  327  
Segment net interest income after provision(78) (3) 5,361  3,059  
Noninterest income72  (111) 4,384  2,554  
Noninterest expense692  239  7,309  3,519  
Income (loss) before income taxes(698) (353) 2,436  2,094  
Provision (benefit) for income taxes(275) (149) 415  411  
Segment net income (loss)$(423) $(204) $2,021  $1,683  
Identifiable assets (period end)$130,468  $58,601  $504,336  $230,872  
(1) Includes financial data from business units below the quantitative and qualitative thresholds requiring disclosure.