Third Quarter 2022 Earnings Conference Call
Non-GAAP reconciliations
Diluted EPS
($ MM, except per share data, shares in thousands)
Net income available to common shareholders - 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
Quarter Ended
Sept. 30
June 30
2022
2022
March 31
2022
Dec. 31
2021
Sept. 30
2021
$
1,536 $
1,454 $
1,327 $
1,524 $
48
92
166
163
1,616
132
1
53
| |
(30)
69
89
155
165
| 8 ||
147
23
Gain on redemption of noncontrolling equity interest
Net income available to common shareholders - adjusted
$
1,654 $
1,605 $
(57)
1,644 $
1,852 $
1,918
Weighted average shares outstanding - diluted
1,336,659
1,338,864
1,341,563
1,343,029
1,346,854
Diluted EPS - GAAP
$
Diluted EPS - adjusted (¹)
1.15 $
1.24
1.09 $
1.20
0.99 $
1.23
1.13 $
1.38
1.20
1.42
(1) The adjusted diluted earnings per share is non-GAAP in that it excludes merger-related and restructuring charges and other selected items, net of tax. 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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