Third Quarter 2022 Earnings Conference Call
Investment thesis
Why
Truist?
Purpose-Driven Culture
- Inspire and build better
lives and communities
- Optimize long-term value
for all stakeholders
through safe, sound, and
ethical practices
- Attract and retain top
talent
- Continued strong ESG
progress
Exceptional Company
Top 10 U.S. commercial
bank
- Comprehensive and
diverse business mix with
distinct capabilities in
insurance, investment
banking, digital / point-of-
sale lending, and advice /
industry expertise
1
Significant IRM
potential
Strong market shares in
high growth footprint
(South / Mid-Atlantic) with
select national
businesses
Investing in the Future
Further modernize
technology stack
Obsess over enhanced
client and teammate
experience to drive client
acquisition
Enable convenient
commerce and
strengthen payments
capabilities
Fit-for-purpose approach
(build, buy, partner)
Increased usage of
Open Banking, APIs,
and Truist Ventures
Leading Financial
Performance
-
-
Targeting strong growth
and profitability (with
lower volatility)
1
Continued confidence
in achieving $1.6
billion of net cost
savings
ROATCE: Low 20s
ER: Low 50s
Disciplined risk and
financial management;
focus on diversity
Strong risk adjusted
capital position
TRUIST HH
19View entire presentation