Truist Financial Corporation's (TFC) CEO Bill Rogers on Q2 2022 Results - Earnings Call Transcript

Truist Financial Corporation (NYSE:TFC) Q2 2022 Earnings Conference Call July 19, 2022 8:00 AM ET

Company Participants

Ankur Vyas - Head of Investor Relations

Bill Rogers - Chief Executive Officer

Daryl Bible - Chief Financial Officer

Clarke Starnes - Chief Risk Officer

Beau Cummins - Vice Chair

Conference Call Participants

Betsy Graseck - Morgan Stanley

Ken Usdin - Jefferies

Gerard Cassidy - RBC

Matt O'Connor - Deutsche Bank

Mike Mayo - Wells Fargo Securities

Erika Najarian - UBS

John Pancari - Evercore ISI

Operator

Greetings, ladies and gentlemen, and welcome to the Truist Financial Corporation's Second Quarter 2022 Earnings Conference Call. Currently, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. As a reminder, this event is being recorded.

It is now my pleasure to introduce your host, Mr. Ankur Vyas, Head of Investor Relations, Truist Financial Corporation.

Ankur Vyas

Thank you, Jennifer, and good morning, everyone. Welcome to Truist's second quarter 2022 earnings call. With us today are our Chairman and CEO, Bill Rogers; and our CFO, Daryl Bible. During this morning's call, they will discuss Truist's second quarter results and share their perspective on our efforts to transition from an integration focus to an operating focus, current business conditions and our continued activation of Truist's purpose.

Clarke Starnes, our Chief Risk Officer; Beau Cummins, our Vice Chair; and John Howard, our Chief Insurance Officer, are also in attendance and are available to participate in the Q&A portion of the call. The accompanying presentation as well as our earnings release and supplemental financial information are available on the Truist Investor Relations website, ir.truist.com.

Our presentation today will include forward-looking statements and certain non-GAAP financial measures. Please review the disclosures on Slide 2 and three of the presentation regarding these statements and measures, as well as the appendix for the appropriate reconciliations to GAAP.

In addition, Truist is not responsible for and does not edit nor guarantee the accuracy of our earnings teleconference transcripts provided by third parties. The only authorized live and archived webcast are located on our website.

With that, I'll now turn it over to Bill.

Bill Rogers

Thanks, Ankur. Good morning, everyone, and thank you for joining our call this morning. Trust delivered a good second quarter, reflecting our improving momentum after the integration and the resiliency of our diverse business mix in a volatile market environment. Our financial results modestly exceeded the guidance we provided in April with several puts and takes.