Content analysis
?Positive | ||
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Constraining | ||
Legalese | ||
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H.S. sophomore Avg
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New words:
bearing, consulting, living, widespread
Removed:
free, low, modified, repriced, standing
Financial report summary
?Competition
Truist FinancialManagement Discussion
- Our level of net interest income is determined by the level of earning assets and the management of our net interest margin. For the years ended December 31, 2023, 2022, and 2021, our net interest income was $77.7 million, $97.6 million, and $87.7 million, respectively. The $20.0 million, or 20.5%, decrease in net interest income during 2023, compared to 2022, was driven by a $79.9 million increase in interest expense, primarily related to our interest-bearing deposits, partially offset by a $59.9 million increase in interest income. During 2022, our net interest income increased $9.9 million, or 11.3%, compared to 2021, while average interest-earning assets increased $525.0 million and average interest-bearing liabilities increased $401.0 million.