Truist Financial Investor Presentation — October 2020

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Earnings Conference Call

Kelly King - Chairman & CEO

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, reported net interest margin, noninterest expense and net charge-offs, (ii) Truist’s future liquidity position and access to funding sources, (iii) Truist’s projected ability to cover contractual and expected cash outflows including dividends with no cash inflows, (iv) Truist’s medium-term performance

with respect to return on tangible common equity and efficiency ratios, (v) the amount of expense savings to be realized from the merger and the timing of such realization, (vi) increased investments in digital, marketing, talent and technology, (vii) projections of future dividends, and (vii) goals relating to

diversity in Truist’s senior leadership, supplier diversity, CRA qualified investments, mortgage loans to LMI and minority borrowers, lending to support growth of small businesses, community development lending, New Markets Tax Credit allocations to the fuel community, and investments in a community

development fund to support other CDFIs.

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