Truist Financial Corp Results Presentation Deck slide image

Truist Financial Corp Results Presentation Deck

Non-GAAP Reconciliations Operating Leverage (1) ($ MM) Revenue(2) - GAAP Taxable equivalent adjustment Securities (gains) losses Gain on redemption of noncontrolling equity interest Gains on divestiture of certain businesses Revenue(2) - adjusted Noninterest expense - GAAP Merger-related and restructuring charges, net Gain (loss) on early extinguishment of debt Incremental operating expense related to the merger Amortization of intangibles Charitable contribution Professional fee accrual Acceleration for cash flow hedge unwind Noninterest expense - adjusted Operating leverage - GAAP Operating leverage - adjusted (3) $ $ Sept. 30 2022 5,847 $ 38 1 | | Quarter Ended June 30 2022 5,886 $ 3,613 $ (62) (90) (140) 3,321 $ 5,655 $ 28 1 5,684 $ 3,580 $ (121) 39 (117) (143) 3,238 $ Sept. 30 2021 5,598 $ 28 5,626 $ 3,795 $ (172) (191) (145) (30) 3,257 $ Year-to-Date Sept. 30 2022 16,827 $ 92 71 (74) 16,916 $ 10,867 $ (399) 39 (409) (420) 9,678 $ Sept. 30 2021 16,730 84 (37) 16,777 11,416 (610) 3 (556) (431) (200) (30) (36) 9,556 % Growth 3Q22 vs. 3Q21 4.4 % (1) Operating leverage is defined as percentage growth in revenue less percentage growth in noninterest expense. (2) Revenue is defined as net interest income plus noninterest income. (3) The adjusted operating leverage ratio is non-GAAP in that it excludes securities gains (losses), amortization of intangible assets, merger-related and restructuring charges, and other selected items. 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. These measures are not necessarily comparable to similar measures that may be presented by other companies. 4.6 % (4.8)% 2.0% 9.2 % 2.6 % % Growth Year-to-Date 2022 vs. 2021 0.6 % 0.8 % (4.8)% 1.3 % 5.4 % (0.5)% TRUIST HH A-14
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