Company: TFC
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0001193125-25-055156
Chunk: 109

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 109
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 from its GAAP net income available to common shareholders for each year of the performance period after adding back the amortization of intangibles, net of tax. Truist derives the adjusted ROACE and adjusted ROATCE non-GAAPperformance metrics from its non-GAAPadjusted net income (and, in the case of adjusted ROATCE, after adding back the amortization of intangibles, net of tax). The adjustments include the items detailed in the table below. Results for 2024 are presented through March 31, 2024 because the Compensation and Human Capital Committee determined to stop measuring actual performance following the first quarter of 2024 as a result of the TIH sale and its expected impact on our capital structure and assumed that a target level of performance was achieved over the final three calendar quarters of 2024. Information for 2023 and 2022 is presented through December 31 of the applicable calendar year, respectively.

| 90 |     | | 2025 Proxy Statement |

Annex A—Non-GAAPFinancial Measures

|                                                                |     | ROACE and ROATCE Measures 
 ($ in millions)           
 2024                      |   |         |   |     | 2023 |   |         |    |     | 2022 |   |         |   |
|:---------------------------------------------------------------|:----|:--------------------------|:--|--------:|:--|:----|:-----|:--|--------:|:---|:----|:-----|:--|--------:|:--|
| GAAP Net Income (Loss) Available to Common Shareholders(1) (A) |     |                           | $ |   1,091 |   |     |      | $ |  (1,452 | )  |     |      | $ |   5,927 |   |
| Amortization of intangibles, net of tax                        |     |                           |   |      84 |   |     |      |   |     402 |    |     |      |   |     446 |   |
| Net Income (Loss) for ROATCE (B)                               |     |                           | $ |   1,175 |   |     |      | $ |  (1,050 | )  |     |      | $ |   6,373 |   |
| GAAP Net Income (Loss) Available to Common Shareholders(1)     |     |