Third Quarter 2022 Earnings Conference Call
Non-GAAP reconciliations
Pre-provision net revenue
($ MM)
Net income
Provision for credit losses
Provision for income taxes
Taxable-equivalent adjustment
Pre-provision net revenue (1)(2)
PPNR
Merger-related and restructuring charges, net
Gain (loss) on early extinguishment of debt
Incremental operating expense related to the merger
Amortization of intangibles
Professional fee accrual
Securities (gains) losses
Gain on redemption of noncontrolling equity interest
Pre-provision net revenue - adjusted (1)(2)
(1) Revenue is defined as net interest income plus noninterest income.
Quarter Ended
Sept. 30
June 30
March 31
Dec. 31
2022
2022
2022
2021
Sept. 30
2021
$
1,637 $
234
1,532
171
$
1,416 $
1,602
$
1,704
(95)
(103)
(324)
363
372
330
367
423
38
28
26
24
28
$
2,272 $
2,103
$
1,677 $
1,890
1,831
SA
$
2,272 $
2,103
$
1,677 $
1,890
1,831
62
121
216
212
172
(39)
(1)
90
117
202
215
191
140
143
137
143
145
30
1
69
|
(74)
$
2,565 $
2,446
$
2,227 $
2,459
$
2,369
(2) Pre-provision net revenue is a non-GAAP measure that adjusts net income determined in accordance with GAAP to exclude the impact of the provision for credit losses and provision for income taxes. Adjusted
pre-provision net revenue is a non-GAAP measure that additionally excludes securities gains (losses), merger-related and restructuring charges, amortization of intangible assets, and other selected items.
Truist's management believes these measures provide a greater understanding of ongoing operations and enhances comparability of results with prior periods.
TRUIST HH
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