Company: TFC
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0001193125-25-055156
Chunk: 107

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 107
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ex A—Non-GAAPFinancial Measures As previously described, for the purposes of measuring Truist’s performance under Truist’s compensation plans, the Compensation and Human Capital Committee typically makes adjustments to Truist’s GAAP results so that the participants are compensated for Truist’s core performance. Typically, the Compensation and Human Capital Committee adjusts Truist’s GAAP results for items such as gains or losses on sales of businesses, restructuring charges, and similar non-coreperformance items, on a pre-taxbasis, provided the adjustment is not solely a tax-relateditem. These adjustments are made so that participants are compensated for Truist’s core performance in comparison to planned levels and are neither penalized nor rewarded for non-corecharges, unusual gains, or similar non-coreevents. Senior management also uses these financial measures in evaluating Truist’s financial performance. To the extent practicable, the Compensation and Human Capital Committee also makes similar adjustments to the reported performance of peer group members when assessing Truist’s performance relative to the peer group. The adjustments for 2024 affect the EPS, PPNR, and NIE performance metrics for the AIP awards and the three-year average ROACE and ROATCE for LTIP and PSU purposes. Each of these adjusted financial measures is determined by methods other than in accordance with GAAP and are thus non-GAAPmetrics. The EPS, PPNR, and NIE measures are calculated in the same manner as their GAAP or unadjusted counterparts, except that the Compensation and Human Capital Committee approved adjustments shown in the tables below are taken into account in the calculations. In addition, the calculation of EPS uses a different number of weighted average shares outstanding than the calculation of GAAP earnings per share for periods ended with a net loss available to common shareholders from continuing operations, which was the case in 2023 and 2024, as described in footnote (2) to the table below. Tangible common equity per common share, which is a component of a primary financial metric assessed in the AIP award program (TBVPS plus dividend growth), is a non-GAAPfinancial measure that excludes the impact of intangible assets, net of deferred taxes. A reconciliation from common shareholders’ equity to tangible common shareholders’ equity is shown in the third table below. Please refer to the LTIP and PSU adjustments table and accompanying narratives below for additional detail on the adjusted ROACE and ROATCE calculations and GAAP reconciliations. 2024 Adjusted Financial Metrics for Annual Incentive