Barclays Global Financial Services Conference
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Non-GAAP Reconciliations
Efficiency Ratio
($ MM)
Efficiency ratio numerator - noninterest expense - GAAP
Merger-related and restructuring charges, net
Gain (loss) on early extinguishment of debt
Incremental operating expense related to the merger
Amortization
Efficiency ratio numerator - adjusted
Efficiency ratio denominator - revenue (1) - GAAP
Taxable equivalent adjustment
Securities (gains) losses, net
Efficiency ratio denominator - adjusted
Efficiency ratio - GAAP
Efficiency ratio - adjusted (2)
Year-to-Date June 30, 2020
+A
$
7,309
(316)
(235)
(203)
(343)
$
6,212
+A
$
11,482
68
(298)
$
11,252
63.7%
55.2
Revenue is defined as net interest income plus noninterest income.
The adjusted efficiency ratio is non-GAAP in that it excludes securities gains (losses), amortization of intangible assets, merger-related and restructuring charges and other selected items. Truist's management uses this
measure in their analysis of the Corporation's performance. Truist's management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods, as
well as demonstrates the effects of significant gains and charges.
TRUIST HH
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