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
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