Truist Financial Corp Results Presentation Deck
Non-GAAP reconciliations
Pre-provision net revenue
($ MM)
Net income
Provision for credit losses
Provision for income taxes
Taxable-equivalent adjustment
Pre-provision net revenue(1)(2)
PPNR
Merger-related and restructuring charges, net
Gain (loss) on early extinguishment of debt
Incremental operating expense related to the merger
Amortization of intangibles
Professional fee accrual
Securities (gains) losses
Gain on redemption of noncontrolling equity interest
Pre-provision net revenue - adjusted (¹)(2)
€@
60
$
Sept. 30
2022
1,637 $
234
363
38
2,272 $
2,272 $.
62
90
140
1
2,565 $
June 30
2022
1,532
171
372
28
2,103
2,103
121
(39)
117
143
1
2,446
Quarter Ended
March 31
2022
$
$
$
$
1,416 $
(95)
330
26
1,677 $
1,677 $
216
202
137
69
(74)
2,227 $
Dec. 31
2021
1,602
(103)
367
24
1,890
1,890
212
(1)
215
143
2,459
$
$
$
69
Sept. 30
2021
1,704
(324)
423
28
1,831
1,831
172
191
145
30
2,369
(1) Revenue is defined as net interest income plus noninterest income.
Pre-provision net revenue is a non-GAAP measure that adjusts net income determined in accordance with GAAP to exclude the impact of the provision for credit losses and provision for income taxes, Adjusted TRUIST H
pre-provision net revenue is a non-GAAP measure that additionally excludes securities gains (losses), merger-related and restructuring charges, amortization of intangible assets, and other selected items.
Truist's management believes these measures provide a greater understanding of ongoing operations and enhances comparability of results with prior periods.
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