Third Quarter 2022 Earnings Conference Call
Average loans & leases HFI
5-Quarter Trend
$309.4
$296.7
$286.2
$286.3
$288.6
$129.7
$123.4
$120.4
$121.8
$121.1
$173.3
$165.8
$164.5
$167.5
$179.7
4.49%
4.36%
3.92%
3.91%
3.81%
3.70%
3.64%
3.58%
3.49%
3.42%
3Q21
4Q21
Commercial LHFI ($ B)
Loans HFI yield (%)
1Q22
2Q22
Consumer & Card LHFI ($ B)
Loans HFI yield ex. PAA (%)
vs. Prior Quarter
Broad-based growth: average loans up 4.3%
-
C&I up 4.5% due to growth across most CIB industry verticals and
product groups
Residential mortgage up $4.0 billion, or 8.2%, as a result of additional
correspondent production and slower prepays
Consumer and Card (ex. mortgage) up $2.3 billion, or 3.1%, as a result
of strong growth in prime auto, Service Finance, LightStream,
recreational lending (marine and RV), and Sheffield; partially offset by
continued run-off in partnership loans and student
vs. Prior Year
Average loans up 8.1%; up 9.7% ex. PPP (YoY drivers generally similar to prior
quarter trends)
-
C&I up 12.7%
3Q22
-
-
-
CRE and Commercial construction down 11%
Residential mortgage up 17%
Consumer and Card (ex. mortgage) up 1.9%
TRUIST HH
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