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more thanloans funded280Kto advance racial equity$30BANNUAL REPORT 2020 Financial HighlightsAs of or for the year ended December 31,(in millions, except per share, ratio data and headcount) 2020 2019 2018Selected income statement dataTotal net revenue $ 119,543 $ 115,399 $ 108,783Total noninterest expense 66,656 65,269 63,148 Pre-provision profit 52,887 50,130 45,635Provision for credit losses 17,480 5,585 4,871Net income $ 29,131 $ 36,431 $ 32,474Per common share data Net income per share: Basic $ 8.89 $ 10.75 $ 9.04 Diluted 8.88 10.72 9.00Book value per share 81.75 75.98 70.35Tangible book value per share (TBVPS)(a) 66.11 60.98 56.33Cash dividends declared per share 3.60 3.40 2.72Selected ratiosReturn on common equity 12 % 15 % 13 %Return on tangible common equity (ROTCE)(a) 14 19 17Liquidity coverage ratio (average)(b) 110 116 113 Common equity Tier 1 capital ratio(c) 13.1 12.4 12.0Tier 1 capital ratio(c) 15.0 14.1 13.7Total capital ratio(c) 17.3 16.0 15.5Selected balance sheet data...