Third Quarter 2022 Earnings Conference Call
Purchase accounting summary (1)
($ MM)
As of/For the Quarter Ended
Sept. 30
2022
June 30
March 31
Dec. 31
2022
2022
2021
Sept. 30
2021
Loans and Leases (2)
Beginning balance unamortized fair value mark
Accretion
$
(924) $
96
(1,119) $
189
(1,323) $
191
(1,540) $
217
(1,777)
233
Purchase accounting adjustments and other activity
2
6
13
4
Ending balance
$
(826) $
(924) $
(1,119) $
(1,323) $
(1,540)
Core deposit and other intangible assets
Beginning balance
Additions acquisitions
-
Amortization
$
3,535 $
3,693 $
3,408
2,930 $
2,665
336
430
647
418
(140)
(143)
(137)
(143)
(145)
Amortization in net occupancy expense
(5)
(5)
(8)
(3)
(4)
Purchase accounting adjustments and other activity
Ending balance
(10)
(23
(4)
$
3,726 $
3,535 $
3,693 $
3,408 $
2,930
Deposits (3)
Beginning balance unamortized fair value mark
$
(3) $
(5) $
(7) $
(9) $
(12)
Amortization
Ending balance
Long-Term Debt (3)
Beginning balance unamortized fair value mark
Amortization
Ending balance
2
2
2
2
3
$
(1) $
(3) $
(5) $
(7) $
(9)
$
EA
(109) $
15
(122) $
(139) $
(157) $
(176)
13
17
18
19
$
(94) $
(109) $
(122) $
(139) $
(157)
(1) Includes only selected information and does not represent all purchase accounting adjustments.
(2) Purchase accounting marks on loans and leases includes credit, interest and liquidity components, and are generally recognized using the level-yield or straight-line method over the remaining life of the
individual loans or recognized in full in the event of prepayment.
(3) Purchase accounting marks on liabilities represents interest rate marks on time deposits and long-term debt and are recognized using the level-yield method over the term of the liability.
TRUIST HH
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