Truist Financial Investor Presentation — January 2021

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Earnings Conference Call

Kelly King - Chairman & CEO

Bill Rogers - President & COO

This presentation contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, regarding the financial condition, results of operations, business plans and the future performance of Truist. Words such as “anticipates,” “believes,” “estimates,” “expects,”

“forecasts,” “intends,” “plans,” “projects,” “may,” “will,” “should,” “would,” “could” and other similar expressions are intended to identify these forward-looking statements. In particular, forward looking statements include, but are not limited to, statements we make about: (i) future levels of taxable-equivalent

revenue, net interest margin, noninterest expense and net charge-offs, (ii) Truist’s strategic objectives and integration priorities for 2021, including planned branch consolidations and digital migrations, (iii) projected amounts of merger-related and restructuring charges and incremental operating expenses

related to the merger, (iv) Truist’s medium-term performance with respect to return on tangible common equity and efficiency and capital ratios, (v) the amount of expense savings to be realized from the merger or other strategic initiatives and the timing of such realization, (vi) Truist’s goals for its CET1

ratio, (vii) anticipated amounts of share repurchases, and (viii) projections of future dividends.

Forward-looking statements are not based on historical facts but instead represent management’s expectations and assumptions regarding Truist’s business, the economy and other future conditions. Such statements involve inherent uncertainties, risks and changes in circumstances that are difficult to