Truist Financial Corp Results Presentation Deck
Non-GAAP reconciliations
Core NIM
($ MM)
Net interest income GAAP
Taxable-equivalent adjustment
Net interest income taxable-equivalent
Accretion of mark on acquired loans
Accretion of mark on acquired liabilities
Net interest income - core(¹)
-
-
Average earning assets - GAAP
Average balance - mark on acquired loans
Average earning assets - core(¹)
Annualized net interest margin:
Reported - taxable-equivalent
Core (1)
$
$
$
Sept. 30
2022
3,745
38
3,783
(96)
(17)
3,670
482,349
875
483,224
3.12 %
3.02
$
$
June 30
2022
3,407
28
3,435
(189)
(15)
3,231
Quarter Ended
March 31
2022
2.89 %
2.72
$
$
475,818 $
1,029
476,847 $
3,183
26
3,209
(191)
(19)
2,999
469,940
1,247
471,187
2.76 %
2.57
$
$
$
Dec. 31
2021
3,243
24
3,267
(217)
(20)
3,030
470,885
1,449
472,334
(1) Core net interest margin is a non-GAAP measure that adjusts net interest margin to exclude the impact of purchase accounting. The purchase accounting marks and related amortization for loans, deposits, and
long-term debt from SunTrust and other acquisitions are excluded to approximate the yields paid by clients. Truist's management believes the adjustments to the calculation of net interest margin for certain
assets and liabilities acquired provide investors with useful information related to the performance of Truist's earning assets. These measures are not necessarily comparable to similar measures that may be
presented by other companies.
2.76 %
2.55
$
$
Sept. 30
2021
3,233
28
3,261
(233)
(22)
3,006
461,750
1,658
463,408
2.81 %
2.58
TRUIST HH
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