Truist Financial Corporation (NYSE:TFC) Q2 2023 Earnings Call Transcript

Matthew O’Connor: And in terms of how you think about the timing, is this going to be like a one year effort or several year effort, a continuous improvement effort. How are you thinking about that so far? Thanks.

Bill Rogers: Yes. I mean it’s already underway, and it’s a continuous improvement. I mean, I think the mentality of structuring the company around our strategic focus and creating a chassis that attaches to it is not a onetime thing. I think that’s something that we’re constantly doing, constantly looking at again, back to that commitment to sort of be top quartile in terms of how we run the company from an efficient standpoint, so that’s both the revenue and the expense part that comes along with that. So it’s not a onetime big bang thing because I actually don’t think those are permanent. I don’t think they stick. This is a philosophy of how we run the company and the approach that we take long-term.

Matthew O’Connor: Okay. Thank you.

Operator: That concludes our question-and-answer session for today. I’ll turn the floor back over for any closing remarks.

Brad Milsaps: Okay. That completes our earnings call today. If you have any additional questions, please feel free to reach out to the Investor Relations team. Thank you for your interest in Truist, and we hope you have a great day. Tarren, you may now disconnect the call.

Operator: This concludes today’s call. Thank you again for your participation. You may now disconnect and have a great day.