Strategically Positioning Truist Insurance Holdings for Long-Term Success
Non-GAAP reconciliations
Truist Diluted EPS
($ MM, except per share data, shares in thousands)
Year ended Dec. 31, 2022
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
Gain on redemption of noncontrolling equity interest
Net income available to common shareholders - Adjusted
Weighted average shares outstanding - diluted
Diluted EPS GAAP
Diluted EPS-adjusted¹
+A
5,927
393
54
(30)
356
(57)
6,643
1,338,462
+A
$
4.43
4.96
TRUIST HH
15
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.View entire presentation