Third Quarter 2022 Earnings Conference Call

Consumer Banking & Wealth Represents performance for Retail and Small Business Banking, Wealth, Mortgage Banking, Dealer Retail Services, and Consumer Finance Income statement ($ MM) Metrics $368 ..... $495 283 84 288 882 (9) 1,952 986 210 53 (146) (33) 53 3Q22 Linked Qtr. Change Like Qtr. Change Net interest income $2,645 Provision for credit losses Noninterest income Noninterest expense Segment net income Balance Sheet ($ B) Average loans (1) $140.3 $6.0 $7.7 Average deposits 249.5 (5.6) 6.2 Other Key Metrics Mortgages serviced for others ($ B) (2) $218.7 $9.2 $20.6 Wealth management AUM ($ B) (2) 173.9 (6.2) (28.8) Branches 2,119 2 (399) - - - Commentary Net income of $986 million, up $210 million from the prior quarter Increase in NII primarily driven by higher funding credit on deposits and higher average loan balances, partially offset by decreased loan spreads and lower PAA - Average loans grew 5% vs. 2Q22 and 6% vs. 3Q21 primarily driven by increased residential mortgage balances along with growth in prime auto, Service Finance, LightStream, recreational lending (marine and RV), and Sheffield Average deposits declined 2% vs. 2Q22 due to tightening monetary policy, increased spending, and seasonality Provision for credit losses increased sequentially due to higher loan growth and increased net charge offs in the current quarter Fee income stable vs. 2Q22; YoY decline primarily driven by residential mortgage income Expenses were stable vs. 2Q22 primarily driven by lower merger-related and restructuring charges offsetting higher operational losses, marketing and personnel expense MSR increases driven by bulk acquisitions Wealth management AUM decline primarily due to lower market valuations offset by continued positive net asset flows (1) Excludes loans held for sale (2) Amount reported reflects end of period balance TRUIST HH A-1

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