Third Quarter 2022 Earnings Conference Call
Non-GAAP reconciliations
Return on average assets
($ MM)
Net income - GAAP
Merger-related and restructuring charges
Securities (gains) losses
Loss (gain) on early extinguishment of debt
Incremental operating expenses related to the merger
Professional fee accrual
As of/ Quarter Ended
Sept. 30
2022
June 30
March 31
Dec. 31
Sept. 30
2022
2022
2021
2021
1,637
1,532
1,416
1,602
$
1,704
48
92
166
163
132
1
53
│ │| 8 |
69
(30)
89
155
གླ|
165
147
23
Gain on redemption of noncontrolling equity interest
Numerator - adjusted(1)
(57)
$
1,755
$
1,683
$
1,733 $
1,930
$
2,006
Average assets
Return on average assets - GAAP
Return on average assets - adjusted (1)
$
545,606
540,568
$
535,981 $
534,911
$
526,685
1.19 %
1.28
1.14 %
1.25
1.07 %
1.19 %
1.28 %
1.31
1.43
1.51
(1) The adjusted performance ratios,including adjusted return on average assets, adjusted return on average common shareholders' equity, and adjusted return on average tangible common shareholders' equity, TRUIST H
are non-GAAP in that they exclude merger-related and restructuring charges, selected items, and, in the case of return on average tangible common shareholders' equity, amortization of intangible assets.
Truist's management uses these measures in their analysis of the Corporation's performance. Truist's management believes these measures provide a greater understanding of ongoing operations and enhance
comparability of results with prior periods, as well as demonstrate the effects of significant gains and charges. These measures are not necessarily comparable to similar measures that may be presented by
other companies.
A-11View entire presentation