Third Quarter 2022 Earnings Conference Call

3Q22 performance highlights GAAP / Unadjusted Summary Income Statement ($ MM) Change vs. 3Q22 2Q22 3Q21 Revenue Expense $5,885 3.6% 4.6% $3,613 0.9% (4.8)% PPNR $2,272 8.0% Provision for credit losses $234 36.8% Net income available to common $1,536 5.6% 24.1% NM (5.0)% Diluted EPS $1.15 5.5% (4.2)% ROTCE 23.5% 80 bps 420 bps Efficiency ratio 61.8% (150) bps (600) bps Adjusted Revenue $5,886 3.6% 4.6% Expense $3,321 2.6% 2.0% PPNR $2,565 4.9% 8.3% Net income available to common $1,654 3.1% (13.8)% Diluted EPS $1.24 3.3% ROTCE 25.1% 30 bps (12.7)% 250 bps Efficiency ratio 56.4% (60) bps (150) bps Note: All data points are taxable-equivalent, where applicable; see non-GAAP reconciliations in the appendix Earnings and profitability Commentary - $1.7 billion of adjusted net income available to common ($1.24 per share) and adjusted ROTCE of 25.1% - Adjusted EPS up 3.3% sequentially as higher PPNR was partially offset by higher provision for credit losses Adjusted PPNR up 4.9% sequentially as a result of expanding net interest margin and strong loan growth; partially offset by seasonally lower insurance revenues and lower investment banking & trading income Continue to target positive operating leverage (GAAP and adjusted) for full year - YTD adjusted operating leverage was (50) bps Building momentum: YoY (3Q22 vs. 3Q21) adjusted operating leverage was +260 bps Asset quality remains excellent: 27 bps NCO and stable NPL / delinquencies Balance sheet, capital, and liquidity - Robust average loan growth of 4.3% Liquidity and funding remain stable - - Average deposits declined 0.9% sequentially - LCR of 111% Capital (9.1% CET1) remains strong, particularly in the context of Truist's risk profile - Acquired BenefitMall (9/1) and announced acquisition of BankDirect Capital Finance - Increased dividend 8% to $0.52 per share TRUIST HH 8

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