Truist Financial Corp Results Presentation Deck
Non-GAAP reconciliations
Return on average assets
($ MM)
Net income - 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
Gain on redemption of noncontrolling equity interest
Numerator - adjusted(1)
Average assets
Return on average assets - GAAP
Return on average assets - adjusted (¹)
GA
$
69
Sept. 30
2022
1,637
48
1
69
1,755 $
545,606
1.19 %
1.28
June 30
2022
1,532
92
(30)
89
1,683
540,568
As of / Quarter Ended
March 31
2022
1.14 %
1.25
1,416
166
53
155
(57)
1,733
$
1.07 %
1.31
$
535,981 $
Dec. 31
2021
1,602
163
165
1,930
$
1.19 %
1.43
$
534,911 $
Sept. 30
2021
1,704
132
147
23
2,006
526,685
(1) The adjusted performance ratios, including adjusted retum on average assets, adjusted retum on average common shareholders' equily, and adjusted retum on tangible common shareholders' equity, TRUIST
are non-GAAP in that they exclude merger-related and restructuring charges, selected items, and, in the case of return on average tangible common shareholders' equity, amortization of intangible assets.
Truist's management uses these measures in their analysis of the Corporation's performance. Truist's management believes these measures provide a greater understanding of ongoing operations and enhance
comparability of results with prior periods, as well as demonstrate the effects of significant gains and charges. These measures are not necessarily comparable to similar measures that may be presented by
other companies.
1.28%
1.51
A-11View entire presentation