Company: TFC
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0001193125-25-055156
Chunk: 110

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 110
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(1) (B/F)                                                |     |                           |   |   16.34 | % |     |      |   |   (3.94 | )% |     |      |   |   22.87 | % |
| Adjusted ROATCE(1) (D/F)                                       |     |                           |   |   18.02 | % |     |      |   |   19.94 | %  |     |      |   |   25.54 | % |

| (1) |     | The Compensation and Human Capital Committee uses GAAP net income available to common shareholders to calculate return on common equity and return on tangible common equity performance as this reflects income attributable to common equity. Results for 2024 are presented through March 31, 2024. Information for 2023 and 2022 is presented through December 31 of the applicable calendar year, respectively. |

| (2) |     | GAAP net income includes the effect of applicable taxes. The Compensation and Human Capital Committee’s approved adjustments are pre-tax items, provided the adjustment is not solely a tax-related item. Accordingly, the tax effect of the adjustments, if any, has been deducted to accurately reflect the impact of the adjustments on net income. Goodwill is not tax deductible; therefore, no tax effect has been deducted for this adjustment. |

The above disclosures in this Annex A should not be viewed as a substitute for operating results determined in accordance with GAAP, nor are they necessarily comparable to similar non-GAAPmeasures that may be presented by other companies.

| 2025 Proxy Statement | |     | 91 |

Annex A—Non-GAAPFinancial Measures Non-GAAPReconciliations Adjusted diluted earnings per share, adjusted net income available to common shareholders, PPNR, and NIE are presented in the Key Financial and Operational Accomplishments in 2024 on page 40 of this proxy statement. The following table presents the reconciliation of adjusted diluted earnings per share and adjusted net income available to common shareholders as shown in the Key Financial and Operational Accomplishments in 2024 to the most directly comparable measures under U.S. Generally Accepted Accounting Principles. PPNR and NIE as presented in the Key Financial and Operational Accomplishments in 2024 and PPNR and NIE as presented in this proxy statement for compensation purposes are the same, and those reconciliations are set forth above in “2024 Adjusted Financial