Third Quarter 2022 Earnings Conference Call
Non-GAAP reconciliations
Calculations of tangible common equity and related measures
($ MM, except per share data, shares in thousands)
Common shareholders' equity
Less: Intangible assets, net of deferred taxes
Tangible common shareholders' equity (1)
Outstanding shares at end of period
Sept. 30
2022
June 30
2022
As of Quarter Ended
March 31
2022
Dec. 31
2021
Sept. 30
2021
54,115
56,302
58,348
62,598
62,227
29,752
29,095
29,229
28,772
27,066
$
24,363
$
27,207
$
29,119
$
33,826
$
35,161
1,326,766
1,326,393
1,331,414
1,327,818
1,334,892
Common shareholders' equity per common share
Tangible common shareholders' equity per common share (1)
40.79
42.45
18.36
20.51
43.82
21.87
47.14
46.62
25.47
26.34
Net income available to common shareholders
$
1,536
1,454
$
1,327
$
1,524
$
1,616
Plus amortization of intangibles, net of tax
107
109
105
110
113
Tangible net income available to common shareholders (1)
$
1,643
1,563
$
1,432
$
1,634
$
1,729
Average common shareholders' equity
$
56,813
56,803
60,117
$
61,807 $
62,680
Less: Average intangible assets, net of deferred taxes
Average tangible common shareholders' equity (1)
Return on average common shareholders' equity
Return on average tangible common shareholders' equity (1)
29,035
29,173
$
27,778
$
27,630 $
28,905
31,212
27,523
27,149
$
34,284 $
35,531
10.7 %
23.5
10.3 %
22.7
9.0 %
9.8 %
18.6
10.2 %
19.3
(1) Tangible common equity and related measures are non-GAAP measures that exclude the impact of intangible assets, net of deferred taxes, and their related amortization. These measures are useful for
evaluating the performance of a business consistently, whether acquired or developed internally. Truist's management uses these measures to assess the quality of capital and returns relative to balance sheet
risk. These measures are not necessarily comparable to similar measures that may be presented by other companies.
18.9
TRUIST HH
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