Truist Financial Corp Results Presentation Deck
Average deposits
$402.7
$141.7
$261.0
0.03%
3Q21
$411.0
$146.5
$264.5
0.03%
4Q21
5-Quarter Trend
Interest-bearing deposits
Total deposit cost (%)
$415.2
$145.9
$269.3
0.03%
1Q22
$423.8
$148.6
$275.1
0.09%
2Q22
$420.1
$146.0
$274.1
0.31%
3Q22
Noninterest-bearing deposits
-
vs. Prior Quarter
Average deposits decreased $3.7 billion, or 0.9%, driven by monetary tightening,
increased consumer spending, and seasonality
Well-controlled deposit costs
Total cost of deposits was 31 bps; up 22 bps compared to prior quarter
Total cost of interest-bearing deposits was 48 bps, up 34 bps compared to
prior quarter
Reflects a 21% cumulative beta; (ex. brokered deposits was 14%)¹
1 Cumulative beta calculation is based on change in average interest bearing deposit cost divided by change in average Fed Funds from 1022 to 3Q22
vs. Prior Year
Average deposits increased $17.4 billion, or 4.3%, due to the prior impacts of
government stimulus and 1Q increase in brokered deposits
TRUIST HH
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