UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

			
Date of Report (Date of earliest event reported):	 	April 20, 2018	

SunTrust Banks, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)

					
 	 	 	 	 	
Georgia	 	001-08918	 	58-1575035	
(State or other jurisdiction of incorporation)	 	(Commission File Number)	 	(I.R.S. Employer Identification No.)	

303 Peachtree Street, N.E., Atlanta, Georgia	 	 	 	30308	
(Address of principal executive offices)	 	 	 	(Zip Code)	

	
			
Registrant's telephone number, including area code	 	(800) 786-8787	

	
					
 	 	Not Applicable	 	 	
Former name or former address, if changed since last report	

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company     ¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 2.02 Results of Operations and Financial Condition.
Item 7.01 Regulation FD.
On April 20, 2018 , SunTrust Banks, Inc. (the “Registrant”) announced financial results for the period ended March 31, 2018 . A copy of the news release announcing such results is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The Registrant intends to hold an investor call and webcast to discuss these results on April 20, 2018 , at 8:00 a.m. Eastern time. Additional presentation materials relating to such call are furnished hereto as Exhibit 99.2 and are incorporated herein by reference.
The foregoing information is furnished pursuant to Item 2.02, “Results of Operations and Financial Condition,” and Item 7.01, “Regulation FD.” Consequently, it is not deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section. It may only be incorporated by reference into another filing under the Exchange Act or Securities Act of 1933 if such subsequent filing specifically references this Form 8-K. All information in the news release and presentation materials speak as of the date thereof and the Registrant does not assume any obligation to update said information in the future. In addition, the Registrant disclaims any inference regarding the materiality of such information which otherwise may arise as a result of its furnishing such information under Item 2.02 or Item 7.01 of this report on Form 8-K.

Item 9.01 Financial Statements and Exhibits.
(d) Exhibits

		
99.1	News release dated April 20, 2018 (furnished with the Commission as a part of this Form 8-K).	

		
99.2	Presentation slides dated April 20, 2018 (furnished with the Commission as a part of this Form 8-K).	

SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	
				
 	 	 	SUNTRUST BANKS, INC.	
 	 	 	(Registrant)	

Date:	April 20, 2018	 	By: /s/ R. Ryan Richards	
 	 	 	R. Ryan Richards,
Senior Vice President, Controller	

Exhibit 99.1

News Release

				
Contact:	 	 	 	
Investors	 	Media	 	
Ankur Vyas	 	Mike McCoy	 	
(404) 827-6714	 	(404) 588-7230	 	
For Immediate Release
April 20 , 2018

SunTrust Reports First Quarter 2018 Results
Continued Efficiency Improvements, Strong Asset Quality,
and Benefits from Tax Reform Drive 42% Year-over-Year EPS Growth

ATLANTA -- SunTrust Banks, Inc. (NYSE: STI) reported net income available to common shareholders of $612 million , or $1.29 per average common diluted share. This compares to $1.48 for the prior quarter, which included $0.39 per share of net discrete benefits from Form 8-K items announced on December 4, 2017 and the impacts of tax reform-related items, and $0.91 for the first quarter of 2017 .

When excluding the impact of the aforementioned net discrete benefits in the fourth quarter of 2017, earnings per diluted share increased 18% sequentially, driven largely by a lower effective tax rate. When compared to the first quarter of 2017 , earnings per share increased 42% due to continued efficiency improvements, improved asset quality, reduced share count, and a lower effective tax rate.
“This year is off to a good start, with earnings per share increasing 42% year-over-year," said William H. Rogers, Jr., chairman and CEO of SunTrust Banks, Inc. "While a favorable operating environment has benefited our bottom-line results, our consistent strategy and improved execution are also contributing to our improved profitability. We remain optimistic about our performance trajectory and ability to deliver long-term value to our shareholders.”

1

First Quarter 2018 Financial Highlights
(Commentary is on a fully taxable-equivalent basis unless otherwise noted. Consistent with SEC guidance in Industry Guide 3 that contemplates the calculation of tax-exempt income on a tax equivalent basis, net interest income, net interest margin, total revenue, and efficiency ratios are provided on a fully taxable-equivalent basis, which generally assumes a 21% marginal federal tax rate for all periods beginning on or after January 1, 2018 and 35% for all periods prior to January 1, 2018, as well as state income taxes, where applicable. We provide unadjusted amounts in the table on page 3 of this news release and detailed reconciliations and additional information in Appendix A on pages 21 and 22 .)

Income Statement

•	Net income available to common shareholders was $612 million , or $1.29 per average common diluted share, compared to $1.48 for the prior quarter and $0.91 for the first quarter of 2017 .	

◦	The prior quarter was favorably impacted by $0.39 per share of net discrete benefits associated with the items announced in the December 4, 2017 Form 8-K and tax reform-related items.	

•	Total revenue decreased 2% sequentially and was stable year-over-year.	

◦	The sequential decrease was driven by lower net interest income resulting from fully taxable-equivalent ("FTE") basis adjustments and lower noninterest income.	

•	Net interest margin was 3.24% in the current quarter, up 7 basis points sequentially and up 15 basis points compared to the prior year. The sequential and year-over-year increases were driven primarily by higher earning asset yields arising from higher benchmark interest rates, higher securities AFS yields given lower premium amortization expense, and positive mix shift in the LHFI portfolio. The sequential increase was also driven by fewer days in the quarter.	

•	Provision for credit losses decreased $51 million sequentially and $91 million year-over-year due to lower net charge-offs and a lower allowance for loan and lease losses ("ALLL"), given continued strong credit quality results.	

•	Noninterest expense decreased 7% sequentially and 3% year-over-year.	

◦	The sequential decrease was driven primarily by charitable contributions and net charges related to efficiency actions recognized in the prior quarter, both of which were associated with the December 4, 2017 Form 8-K and tax reform-related items. When adjusting for discrete items in the prior quarter, expenses were up 1% sequentially due to a seasonal increase in employee compensation and benefits costs.	

◦	Compared to the first quarter of 2017 , the decrease was driven largely by lower operating losses as well as lower branch closure and severance costs.	

•	The efficiency and tangible efficiency ratios for the current quarter were 62.8% and 62.1% , respectively, which represent strong improvements compared to the prior year, driven by ongoing expense management initiatives.	

Balance Sheet

•	Average performing LHFI were down 1% compared to the prior quarter and relatively stable year-over-year, driven by the prior quarter sale of Premium Assignment Corporation ("PAC") and declines in C&I loans, home equity products, and commercial construction, offset partially by growth in consumer lending.	

•	Average consumer and commercial deposits decrease d modest ly compared to the prior quarter due, in part, to seasonality, and increased slightly compared to the first quarter of 2017 , as declines in money market accounts and noninterest-bearing deposit account balances were offset by growth in NOW, time deposit, and savings account balances.	

Capital

•	Estimated capital ratios continue to be well above regulatory requirements. The Common Equity Tier 1 ("CET1") ratio was estimated to be 9.8% as of March 31, 2018 , slightly higher than the prior quarter.	

•	During the quarter, the Company repurchased $330 million of its outstanding common stock in accordance with its 2017 Capital Plan and redeemed all $450 million of its outstanding 5.875% noncumulative perpetual preferred stock, Series E.	

•	Book value per common share was $47.14 and tangible book value per common share was $33.97 , both down 2% from December 31, 2017 , driven primarily by a higher accumulated other comprehensive loss, offset partially by growth in retained earnings.	

2

Asset Quality

•	Nonperforming loans ("NPLs") increased $38 million from the prior quarter and represented 0.50% of period-end LHFI at March 31, 2018 . The sequential increase was driven primarily by an increase in residential mortgage NPLs due to hurricane-related forbearance.	

•	Net charge-offs for the current quarter were $79 million , or 0.22% of total average LHFI on an annualized basis, down $28 million sequentially and $33 million year-over-year. The sequential decrease was driven primarily by lower net charge-offs associated with C&I loans, while the year-over-year reduction was driven by overall asset quality improvements and lower commercial net charge-offs.	

•	At March 31, 2018 , the ALLL to period-end LHFI ratio was 1.19% , a 2 basis point decline compared to the prior quarter, driven by lower reserves for anticipated hurricane-related losses and continued improvements in asset quality.	

•	The provision for credit losses decrease d $51 million sequentially and $91 million year-over-year due to lower net charge-offs and a lower ALLL.	

	

Income Statement (Dollars in millions, except per share data)	1Q 2018	 	4Q 2017	 	3Q 2017	 	2Q 2017	 	1Q 2017	
Net interest income	$1,441	 	$1,434	 	$1,430	 	$1,403	 	$1,366	
Net interest income-FTE 2	1,461	 	1,472	 	1,467	 	1,439	 	1,400	
Net interest margin	3.20	%	 	3.09	%	 	3.07	%	 	3.06	%	 	3.02	%	
Net interest margin-FTE 2	3.24		 	3.17		 	3.15		 	3.14		 	3.09		
Noninterest income	$796	 	$833	 	$846	 	$827	 	$847	
Total revenue	2,237		 	2,267		 	2,276		 	2,230		 	2,213		
Total revenue-FTE 2	2,257		 	2,305		 	2,313		 	2,266		 	2,247		
Noninterest expense	1,417		 	1,520		 	1,391		 	1,388		 	1,465		
Provision for credit losses	28		 	79		 	120		 	90		 	119		
Net income available to common shareholders	612		 	710		 	512		 	505		 	451		
Earnings per average common diluted share	1.29		 	1.48		 	1.06		 	1.03		 	0.91		
 	 	 	 	 	 	 	 	 	 	
Balance Sheet   (Dollars in billions)	 	 	 	 	 	 	 	 	 	
Average LHFI		$142.9		 		$144.0		 		$144.7		 		$144.4		 		$143.7		
Average consumer and commercial deposits	159.2		 	160.7		 	159.4		 	159.1		 	158.9		
 	 	 	 	 	 	 	 	 	 	
Capital	 	 	 	 	 	 	 	 	 	
Basel III capital ratios at period end 1  :	 	 	 	 	 	 	 	 	 	
Tier 1 capital	11.00	%	 	11.15	%	 	10.74	%	 	10.81	%	 	10.40	%	
Common Equity Tier 1 ("CET1")	9.85		 	9.74		 	9.62		 	9.68		 	9.69		
Total average shareholders’ equity to total average assets	12.05		 	12.09		 	11.94		 	11.80		 	11.59		
 	 	 	 	 	 	 	 	 	 	
Asset Quality	 	 	 	 	 	 	 	 	 	
Net charge-offs to total average LHFI (annualized)	0.22	%	 	0.29	%	 	0.21	%	 	0.20	%	 	0.32	%	
ALLL to period-end LHFI 2	1.19		 	1.21		 	1.23		 	1.20		 	1.20		
NPLs to period-end LHFI	0.50		 	0.47		 	0.48		 	0.52		 	0.55		
1 Basel III capital ratios are calculated under the standardized approach using regulatory capital methodology applicable to the Company for each period presented, including the phase-in of transition provisions through January 1, 2018. Capital ratios at March 31, 2018 are estimated as of the date of this news release.
2 LHFI measured at fair value were excluded from period-end LHFI in the calculation as no allowance is recorded for loans measured at fair value.

3

Consolidated Financial Performance Details
(Commentary is on a fully taxable-equivalent basis unless otherwise noted)
Revenue
Total revenue was $2.3 billion for the current quarter, a decrease of $48 million compared to the prior quarter. Net interest income decreased $11 million sequentially due to two less days and a lower FTE adjustment as a result of tax reform, offset partially by a higher net interest margin. Noninterest income decrease d $37 million sequentially due largely to lower commercial real estate related income, mortgage production income and client transaction-related fees, offset partially by higher capital markets-related income and higher mortgage servicing-related income. The fourth quarter included a $107 million gain from the sale of PAC (recorded in other noninterest income), which was offset by $109 million in securities losses. Compared to the first quarter of 2017 , total revenue increased $10 million , driven by a $61 million increase in net interest income, offset partially by a $51 million decrease in total noninterest income, as a result of lower capital markets-related income.
Net Interest Income
Net interest income was $1.5 billion for the current quarter, a decrease of $11 million compared to the prior quarter due to two less days and a lower FTE adjustment as a result of tax reform, offset partially by a higher net interest margin. The $61 million increase relative to the prior year was driven largely by the 15 basis point improvement in the net interest margin.
Net interest margin for the current quarter was 3.24% , compared to 3.17% in the prior quarter and 3.09% in the first quarter of 2017 . The sequential and year-over-year increases were driven primarily by higher earning asset yields arising from higher benchmark interest rates, higher securities AFS yields given lower premium amortization expense, and positive mix shift in the loan portfolio. The sequential increase was also driven by fewer days in the quarter.
Noninterest Income
Noninterest income was $796 million for the current quarter, compared to $833 million for the prior quarter and $847 million for the first quarter of 2017 . The $37 million sequential decrease is due primarily to lower commercial real estate related income, mortgage production related income, and client transaction-related fees, offset partially by higher capital markets-related income and mortgage servicing income. Compared to the first quarter of 2017 , noninterest income decrease d $51 million driven largely by lower capital markets-related income, mortgage-related income, as well as client transaction-related fees.
Investment banking income was $131 million for the current quarter, compared to $119 million in the prior quarter and $167 million in the prior year. The $12 million increase compared to the prior quarter was due to higher M&A advisory, equity offerings, and investment grade bond originations, offset partially by lower syndicated and leveraged finance activity. The $36 million year-over-year decrease is primarily attributable to declines in syndicated and leveraged finance.
Trading income was $42 million for the current quarter, compared to $41 million in the prior quarter and $51 million in the first quarter of 2017 . The year-over-year decrease was largely due to lower fixed income sales and trading revenue.
Mortgage production income for the current quarter was $36 million , compared to $61 million for the prior quarter and $53 million for the first quarter of 2017 . The $25 million sequential and $17 million year-over-year decrease s were due to lower production volume and lower gain on sale margins during the current quarter. Mortgage application volume decreased 1% sequentially and 9% compared to the first quarter of 2017 . Closed loan volume decreased 18% sequentially and 6% compared to the first quarter of 2017 .

4

Mortgage servicing income was $54 million for the current quarter, compared to $43 million in the prior quarter and $58 million in the first quarter of 2017 . The $11 million sequential increase was due to higher servicing fee income and lower servicing asset decay, offset partially by lower net hedge performance. The $4 million decrease compared to the first quarter of 2017 was due to lower net hedge performance and higher servicing asset decay in the current quarter, offset partially by higher servicing fee income. At March 31, 2018 , the servicing portfolio totaled $164.7 billion , relatively stable compared to the prior quarter and prior year.
Trust and investment management income was $75 million for the current quarter, compared to $80 million for the prior quarter and $75 million for the first quarter of 2017 . The $5 million sequential decrease was primarily attributable to trust termination fees recognized during the fourth quarter of 2017.
Commercial real estate-related income was $23 million for the current quarter, compared to $62 million for the prior quarter and $20 million for the first quarter of 2017 . The $39 million sequential decrease was driven primarily by seasonal declines in activity.
Client transaction-related fees (namely service charges on deposits, other charges and fees, and card fees) decreased sequentially and year-over-year by $18 million and $11 million , respectively, due to lower client-related activity, and the impact of adopting the revenue recognition accounting standard during the current quarter, which resulted in the netting of certain expense items against card fees, other charges and fees, and service charges on deposit accounts. The sequential decrease was also driven by fewer days.
Net securities gains/(losses) totaled $1 million for the current quarter compared to ($109) million in the prior quarter. The sequential change was due to $109 million in securities losses arising from the securities AFS portfolio restructuring in response to tax reform recognized in the fourth quarter of 2017.
Other noninterest income was $48 million for the current quarter, compared to $134 million in the prior quarter and $30 million in the first quarter of 2017 . The sequential decrease was due primarily to the recognition of the $107 million pre-tax gain from the sale of PAC during the fourth quarter of 2017. The $18 million year-over-year increase was due primarily to the application of the recognition and measurement of financial assets accounting standard adopted during the current quarter, which resulted in a $23 million remeasurement gain on an equity investment in a fintech company.
Noninterest Expense
Noninterest expense was $1.4 billion in the current quarter, representing a decline of $103 million sequentially. The December 4, 2017 Form 8-K and tax reform-related items impacted the prior quarter noninterest expense by a net $111 million ($50 million charitable contribution to the SunTrust Foundation, $36 million net charges related to efficiency initiatives, and $25 million discretionary 401(k) contribution and other employee benefits). Excluding these discrete items, noninterest expense was relatively stable compared to the prior quarter and down $48 million relative to the first quarter of 2017 . The decrease relative to the first quarter of 2017 was due largely to lower operating losses and lower other noninterest expense.
Employee compensation and benefits expense was $853 million in the current quarter, compared to $803 million in the prior quarter and $852 million in the first quarter of 2017 . The $50 million sequential increase was due to the seasonal increase in employee benefit costs and FICA taxes.
Operating losses were $6 million in the current quarter, compared to $23 million in the prior quarter and $32 million in the first quarter of 2017 . The decreases relative to both periods were driven primarily by a net $10 million benefit from the progression of certain legal developments.
Outside processing and software expense was $206 million in the current quarter, compared to $214 million in the prior quarter and $205 million in the first quarter of 2017 . The decrease compared to the prior quarter was driven primarily by lower transaction volume as well as the impact of adopting the revenue recognition accounting standard during the current quarter, which resulted in the netting of certain credit card network expenses (previously classified in outside processing and software expense) against card fees and other charges and fees.

5

Marketing and customer development expense was $41 million in the current quarter, compared to $104 million in the prior quarter and $42 million in the first quarter of 2017 . The sequential decrease was due primarily to the $50 million tax reform-related charitable contribution, which was recognized during the fourth quarter of 2017.
Amortization expense was $15 million in the current quarter, compared to $25 million in the prior quarter and $13 million in the first quarter of 2017 . The sequential decrease was due to seasonally higher amortization expense in the prior quarter associated with increased tax credits generated from community development investments.
Other noninterest expense was $121 million in the current quarter, compared to $170 million in the prior quarter and $142 million in the first quarter of 2017 . The decrease relative to the prior quarter was driven primarily by a net $36 million charge related to efficiency actions (including severance costs in connection with the voluntary early retirement program, branch and corporate real estate closure costs, and software write-downs) recognized during the prior quarter. The year-over-year decrease was driven primarily by higher legal and consulting fees and higher branch closure and severance costs incurred during the first quarter of 2017 .
Income Taxes
For the current quarter, the Company recorded a provision for income taxes of $147 million compared to an income tax benefit of $74 million for the prior quarter and an income tax provision of $159 million for the first quarter of 2017 .  The effective tax rate for the current quarter was 19% , compared to (11)% in the prior quarter and 25% in the first quarter of 2017 . The increase in the effective tax rate relative to the prior quarter was due primarily to the prior quarter tax benefit for the remeasurement of the Company's estimated deferred tax assets and deferred tax liabilities to reflect the reduction in the U.S. federal corporate income tax rate to 21% . The decrease in the effective tax rate for the current quarter relative to the first quarter of 2017 was primarily due to the reduction in the U.S. federal corporate income tax rate. The first quarter of 2017 was also favorably impacted by $22 million of discrete tax benefits related to share-based compensation.

Balance Sheet
At March 31, 2018 , the Company had total assets of $204.9 billion and total shareholders’ equity of $24.3 billion , representing 12% of total assets. Book value per common share was $47.14 and tangible book value per common share was $33.97 , both down 2% compared to December 31, 2017 , driven primarily by a higher accumulated other comprehensive loss, offset partially by growth in retained earnings.
Loans
Average performing LHFI totaled $142.2 billion for the current quarter, down 1% compared to the prior quarter and relatively stable compared to the first quarter of 2017 , driven by the prior quarter sale of PAC and declines in C&I loans, home equity products, and commercial construction, offset partially by growth in consumer lending.
Deposits
Average consumer and commercial deposits for the current quarter were $159.2 billion , a 1% decline over the prior quarter and a slight increase over the first quarter of 2017 . The sequential decline was due largely to seasonal decreases in demand deposits and lower money market account balances, offset largely by a 10% increase in time deposits. The year-over-year growth was driven primarily by an increase in time deposit account balances, offset largely by declines in demand deposits and money market account balances.

6

Capital and Liquidity
The Company’s estimated capital ratios were well above current regulatory requirements with the Common Equity Tier 1 ratio estimated to be 9.8% at March 31, 2018 . The ratios of average total equity to average total assets and tangible common equity to tangible assets were 12.1% and 8.0% , respectively, at March 31 , 2018 . The Company continues to have substantial available liquidity in the form of cash, high-quality government-backed or government-sponsored securities, and other available contingency funding sources.
The Company declared a common stock dividend of $0.40 per common share and repurchased $330 million of its outstanding common stock in the first quarter of 2018 . The Company currently expects to repurchase approximately $330 million of additional common stock over the next quarter in accordance with its 2017 Capital Plan. Additionally, the Company redeemed all $450 million of its 5.875% noncumulative perpetual preferred stock, Series E, in March 2018.
Asset Quality
Total nonperforming assets ("NPAs") were $778 million at March 31, 2018 , up $37 million from the prior quarter and down $80 million year-over-year. The increase in NPAs compared to the prior quarter was driven by an increase in mortgage NPLs due primarily to hurricane-related forbearance, as well as higher commercial real estate NPLs due primarily to the downgrade of one borrower. The decrease in NPAs compared to the first quarter of 2017 was driven primarily by continued improvements in the energy portfolio. The ratio of NPLs to period-end LHFI was 0.50% , 0.47% , and 0.55% at March 31 , 2018 , Decembe r 31 , 2017 , and March 31 , 2017 , respectively.
Net charge-offs were $79 million during the current quarter, a decrease of $28 million compared to the prior quarter and $33 million compared to the first quarter of 2017 . The sequential reduction was driven primarily by lower net charge-offs associated with C&I loans, while the year-over-year decrease was driven by overall asset quality improvements as well as lower energy-related net charge-offs. The ratio of annualized net charge-offs to total average LHFI was 0.22% during the current quarter, compared to 0.29% during the prior quarter and 0.32% during the first quarter of 2017 . The provision for credit losses was $28 million in the current quarter, a sequential decrease of $51 million and a year-over-year decrease of $91 million , driven by lower net charge-offs and a lower ALLL.
At March 31 , 2018 , the ALLL was $1.7 billion , which represented 1.19% of period-end loans, a 2 basis point decline relative to Decembe r 31 , 2017 , driven by continued improvements in asset quality and lower reserves for anticipated hurricane-related losses.
Early stage delinquencies decreased 12 basis points from the prior quarter to 0.68% at March 31 , 2018 . Excluding government-guaranteed loans which account for 0.46% , early stage delinquencies were 0.22% , down 10 basis points compared to the prior quarter and stable compared to a year ago.

Impacts of Newly Adopted Accounting Standards
The Company adopted a number of accounting standard updates during the first quarter of 2018 . The application of ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities , resulted in a $23 million increase in Other assets on the Consolidated Balance Sheets and a corresponding $23 million increase in Noninterest income on the Consolidated Statements of Income during the quarter from the remeasurement gain on an equity investment in a fintech company. The adoption of ASU 2014-09, Revenue from Contracts with Customers ( and subsequent related ASUs), resulted in a $3 million net quantitative decrease in both revenue and expenses for the current quarter (prior periods were not restated). Upon adoption of ASU 2018-02, Reclassification of Certain Tax Effects from AOCI , the Company elected to reclassify approximately $154 million of stranded tax effects from AOCI to retained earnings. This election had no impact on the current quarter Consolidated Statements of Income, but did positively impact regulatory capital ratios.

7

OTHER INFORMATION

About SunTrust Banks, Inc.
SunTrust Banks, Inc. (NYSE: STI) is a purpose-driven company dedicated to Lighting the Way to Financial Well-Being for the people, businesses, and communities it serves. SunTrust leads onUp, a national movement inspiring Americans to build financial confidence. Headquartered in Atlanta, the Company has two business segments: Consumer and Wholesale . Its flagship subsidiary, SunTrust Bank, operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states, along with 24-hour digital access. Certain business lines serve consumer, commercial, corporate, and institutional clients nationally. As of  March 31, 2018 , SunTrust had total assets of  $205 billion  and total deposits of  $162 billion . The Company provides deposit, credit, trust, investment, mortgage, asset management, securities brokerage, and capital market services. Learn more at suntrust.com .
Business Segment Results
The Company has included its business segment financial tables as part of this release. Revenue and income amounts labeled "FTE" in the business segment tables are reported on a fully taxable-equivalent basis. For the business segments, net interest income is computed using matched-maturity funds transfer pricing and noninterest income includes federal and state tax credits that are grossed-up on a pre-tax equivalent basis. Further, provision/(benefit) for credit losses represents net charge-offs by segment combined with an allocation to the segments of the provision/(benefit) attributable to each segment's quarterly change in the allowance for loan and lease losses ("ALLL") and unfunded commitments reserve balances. SunTrust also reports results for Corporate Other, which includes the Treasury department as well as the residual expense associated with operational and support expense allocations. The Total Corporate Other results presented in this document also include Reconciling Items, which are comprised of differences created between internal management accounting practices and U.S. Generally Accepted Accounting Principles ("U.S. GAAP") and certain matched-maturity funds transfer pricing credits and charges. A detailed discussion of the business segment results will be included in the Company’s forthcoming Form 10-Q .
Corresponding Financial Tables and Information
Investors are encouraged to review the foregoing summary and discussion of SunTrust’s earnings and financial condition in conjunction with the detailed financial tables and information which SunTrust has also published today and SunTrust’s forthcoming Form 10-Q . Detailed financial tables and other information are also available at investors.suntrust.com . This information is also included in a current report on Form 8-K furnished with the SEC today.
Conference Call
SunTrust management will host a conference call on April 20 , 2018 , at 8:00 a.m. (Eastern Time) to discuss the earnings results and business trends. Individuals may call in beginning at 7:15 a.m. (Eastern Time) by dialing 1-877-209-9920 (Passcode: SunTrust). Individuals calling from outside the United States should dial 1-612-332-1210 (Passcode: SunTrust). A replay of the call will be available approximately one hour after the call ends on April 20 , 2018 , and will remain available until May 20, 2018 , by dialing 1-800-475-6701 (domestic) or 1-320-365-3844 (international) (Passcode: 445929). Alternatively, individuals may listen to the live webcast of the presentation by visiting the SunTrust investor relations website at investors.suntrust.com. Beginning the afternoon of April 20 , 2018 , individuals may access an archived version of the webcast in the “Events & Presentations” section of the SunTrust investor relations website. This webcast will be archived and available for one year.
Non-GAAP Financial Measures
This news release includes non-GAAP financial measures to describe SunTrust’s performance. Additional information and reconciliations of those measures to GAAP measures are provided in the appendix to this news release beginning at page 21 .
In this news release, consistent with SEC Industry Guide 3, the Company presents total revenue, net interest income, net interest margin, and efficiency ratios on a fully taxable equivalent (“FTE”) basis, and ratios on an annualized basis. The FTE basis adjusts for the tax-favored status of net interest income from certain loans and investments using a federal tax rate of 21% for all periods beginning on or after January 1, 2018 and 35% for all periods prior to January 1, 2018, as well as state income taxes, where applicable, to increase tax-exempt interest income to a taxable-equivalent basis. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources. Total revenue-FTE equals net interest income-FTE plus noninterest income.

8

The Company presents the following additional non-GAAP measures because many investors find them useful. Specifically:
		
•	The Company presents certain capital information on a tangible basis, including Tangible equity, Tangible common equity, the ratio of Tangible equity to tangible assets, the ratio of Tangible common equity to tangible assets, Tangible book value per share, and the Return on tangible common shareholders’ equity, which removes the after-tax impact of purchase accounting intangible assets from shareholders' equity and removes related intangible asset amortization from Net income available to common shareholders. The Company believes these measures are useful to investors because, by removing the amount of intangible assets that result from merger and acquisition activity and amortization expense (the level of which may vary from company to company), it allows investors to more easily compare the Company’s capital position and return on average tangible common shareholders' equity to other companies in the industry who present similar measures. The Company also believes that removing these items provides a more relevant measure of the return on the Company's common shareholders' equity. These measures are utilized by management to assess capital adequacy and profitability of the Company.	
		
•	Similarly, the Company presents Efficiency ratio-FTE, Tangible efficiency ratio-FTE, and Adjusted tangible efficiency ratio-FTE. The efficiency ratio is computed by dividing Noninterest expense by Total revenue. Efficiency ratio-FTE is computed by dividing Noninterest expense by Total revenue-FTE. Tangible efficiency ratio-FTE excludes the amortization related to intangible assets and certain tax credits. The Company believes this measure is useful to investors because, by removing the impact of amortization (the level of which may vary from company to company), it allows investors to more easily compare the Company’s efficiency to other companies in the industry. Adjusted tangible efficiency ratio-FTE removes the pre-tax impact of Form 8-K items announced on December 4, 2017 and the impacts of tax reform-related items from the calculation of Tangible efficiency ratio-FTE. The Company believes this measure is useful to investors because it is more reflective of normalized operations as it reflects results that are primarily client relationship and client transaction driven. These measures are utilized by management to assess the efficiency of the Company and its lines of business.	
Important Cautionary Statement About Forward-Looking Statements
This news release contains forward-looking statements. Statements regarding potential future share repurchases, anticipated hurricane related losses, and future asset quality are forward-looking statements. Also, any statement that does not describe historical or current facts is a forward-looking statement. These statements often include the words “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “forecast,” “goals,” “targets,” “initiatives,” “opportunity,” “focus,” “potentially,” “probably,” “projects,” “outlook,” or similar expressions or future conditional verbs such as “may,” “will,” “should,” “would,” and “could.” Forward-looking statements are based upon the current beliefs and expectations of management and on information currently available to management. Our statements speak as of the date hereof, and we do not assume any obligation to update these statements or to update the reasons why actual results could differ from those contained in such statements in light of new information or future events.
Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward looking statements. Future dividends, and the amount of any such dividend, must be declared by our board of directors in their discretion. Also, future share repurchases and the timing of any such repurchases are subject to market conditions and management's discretion. Additional factors that could cause actual results to differ materially from those described in the forward-looking statements can be found in Part I, “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2017 and in other periodic reports that we file with the SEC.

9

SunTrust Banks, Inc. and Subsidiaries
FINANCIAL HIGHLIGHTS

											
(Dollars in millions and shares in thousands, except per share data) (Unaudited) 	Three Months Ended March 31	 	%	
	2018		2017	 	 Change	
EARNINGS & DIVIDENDS	 		 	 	 	
Net income		$643		 		$468		 	37	 %	
Net income available to common shareholders	612		 	451		 	36		
Total revenue	2,237		 	2,213		 	1		
Total revenue-FTE  1	2,257		 	2,247		 	—		
Net income per average common share:	 	 	 	 	 	
Diluted		$1.29				$0.91		 	42	 %	
Basic	1.31			0.92		 	42		
Dividends paid per common share	0.40			0.26		 	54		
CONDENSED BALANCE SHEETS	 	 	 	 	 	
Selected Average Balances:	 	 	 	 	 	
Total assets		$204,132				$204,252		 	—	 %	
Earning assets	182,874			183,606		 	—		
Loans held for investment ("LHFI")	142,920			143,670		 	(1	)	
Intangible assets including residential mortgage servicing rights ("MSRs")	8,244			8,026		 	3		
Residential MSRs	1,833			1,604		 	14		
Consumer and commercial deposits	159,169			158,874		 	—		
Total shareholders’ equity	24,605			23,671		 	4		
Preferred stock	2,390			1,225		 	95		
Period End Balances:	 	 	 	 	 	
Total assets		$204,885				$205,642		 	—	 %	
Earning assets	182,913			183,279		 	—		
LHFI	142,618			143,529		 	(1	)	
Allowance for loan and lease losses ("ALLL")	1,694			1,714		 	(1	)	
Consumer and commercial deposits	161,357			161,531		 	—		
Total shareholders’ equity	24,269			23,484		 	3		
FINANCIAL RATIOS & OTHER DATA	 	 	 	 	 	
Return on average total assets	1.28	%		0.93	%	 	38	 %	
Return on average common shareholders’ equity	11.23			8.19		 	37		
Return on average tangible common shareholders' equity 1	15.60			11.28		 	38		
Net interest margin	3.20			3.02		 	6		
Net interest margin-FTE  1	3.24		 	3.09		 	5		
Efficiency ratio	63.35		 	66.20		 	(4	)	
Efficiency ratio-FTE  1	62.77			65.19		 	(4	)	
Tangible efficiency ratio-FTE  1	62.11			64.60		 	(4	)	
Effective tax rate  	19			25		 	(24	)	
Basel III capital ratios at period end 2 :	 	 	 	 	 	
Common Equity Tier 1 ("CET1")	9.85	%	 	9.69	%	 	2	 %	
Tier 1 capital	11.00		 	10.40		 	6		
Total capital	12.90		 	12.37		 	4		
Leverage	9.75		 	9.08		 	7		
Total average shareholders’ equity to total average assets	12.05			11.59		 	4		
Tangible equity to tangible assets  1	9.11			8.72		 	4		
Tangible common equity to tangible assets 1	8.04		 	8.06		 	—		
Book value per common share		$47.14				$45.62		 	3		
Tangible book value per common share  1	33.97			33.05		 	3		
Market capitalization	31,959			26,860		 	19		
Average common shares outstanding:	 	 	 	 	 	
Diluted	473,620			496,002		 	(5	)	
Basic	468,723			490,091		 	(4	)	
Full-time equivalent employees	23,208			24,215		 	(4	)	
Number of ATMs	2,075			2,132		 	(3	)	
Full service banking offices	1,236			1,316		 	(6	)	

1  	See Appendix A for additional information and reconcilements of non-U.S. GAAP performance measures.	
		
2  	Basel III capital ratios are calculated under the standardized approach using regulatory capital methodology applicable to the Company for each period presented, including the phase-in of transition provisions through January 1, 2018. Capital ratios at March 31, 2018 are estimated as of the date of this release.	

10

SunTrust Banks, Inc. and Subsidiaries
FIVE QUARTER FINANCIAL HIGHLIGHTS

																				
 	Three Months Ended	
 	March 31	 	December 31	 	September 30	 	June 30	 	March 31	
(Dollars in millions and shares in thousands, except per share data) (Unaudited)	2018	 	2017	 	2017	 	2017	 	2017	
EARNINGS & DIVIDENDS	 	 	 	 	 	 	 	 	 	
Net income		$643		 		$740		 		$538		 		$528		 		$468		
Net income available to common shareholders	612		 	710		 	512		 	505		 	451		
Total revenue	2,237		 	2,267		 	2,276		 	2,230		 	2,213		
Total revenue-FTE 1	2,257		 	2,305		 	2,313		 	2,266		 	2,247		
Net income per average common share:	 	 	 	 	 	 	 	 	 	
Diluted		$1.29		 		$1.48		 		$1.06		 		$1.03		 		$0.91		
Basic	1.31		 	1.50		 	1.07		 	1.05		 	0.92		
Dividends paid per common share	0.40		 	0.40		 	0.40		 	0.26		 	0.26		
CONDENSED BALANCE SHEETS	 	 	 	 	 	 	 	 	 	
Selected Average Balances:	 	 	 	 	 	 	 	 	 	
Total assets		$204,132		 		$205,219		 		$205,738		 		$204,494		 		$204,252		
Earning assets	182,874		 	184,306		 	184,861		 	184,057		 	183,606		
LHFI	142,920		 	144,039		 	144,706		 	144,440		 	143,670		
Intangible assets including residential MSRs	8,244		 	8,077		 	8,009		 	8,024		 	8,026		
Residential MSRs	1,833		 	1,662		 	1,589		 	1,603		 	1,604		
Consumer and commercial deposits	159,169		 	160,745		 	159,419		 	159,136		 	158,874		
Total shareholders’ equity	24,605		 	24,806		 	24,573		 	24,139		 	23,671		
Preferred stock	2,390		 	2,236		 	1,975		 	1,720		 	1,225		
Period End Balances:	 	 	 	 	 	 	 	 	 	
Total assets		$204,885		 		$205,962		 		$208,252		 		$207,223		 		$205,642		
Earning assets	182,913		 	182,710		 	185,071		 	184,518		 	183,279		
LHFI	142,618		 	143,181		 	144,264		 	144,268		 	143,529		
ALLL	1,694		 	1,735		 	1,772		 	1,731		 	1,714		
Consumer and commercial deposits	161,357		 	159,795		 	161,778		 	158,319		 	161,531		
Total shareholders’ equity	24,269		 	25,154		 	24,522		 	24,477		 	23,484		
FINANCIAL RATIOS & OTHER DATA	 	 	 	 	 	 	 	 	 	
Return on average total assets	1.28	%	 	1.43	 %	 	1.04	%	 	1.03	%	 	0.93	%	
Return on average common shareholders’ equity	11.23		 	12.54		 	9.03		 	9.08		 	8.19		
Return on average tangible common shareholders' equity 1	15.60		 	17.24		 	12.45		 	12.51		 	11.28		
Net interest margin	3.20		 	3.09		 	3.07		 	3.06		 	3.02		
Net interest margin-FTE  1	3.24		 	3.17		 	3.15		 	3.14		 	3.09		
Efficiency ratio	63.35		 	67.03		 	61.12		 	62.24		 	66.20		
Efficiency ratio-FTE 1	62.77		 	65.94		 	60.14		 	61.24		 	65.19		
Tangible efficiency ratio-FTE 1	62.11		 	64.84		 	59.21		 	60.59		 	64.60		
Adjusted tangible efficiency ratio-FTE  1	62.11		 	59.85		 	59.21		 	60.59		 	64.60		
Effective tax rate	19		 	(11	)	 	29		 	30		 	25		
Basel III capital ratios at period end 2 :	 	 	 	 	 	 	 	 	 	
CET1	9.85	%	 	9.74	 %	 	9.62	%	 	9.68	%	 	9.69	%	
Tier 1 capital	11.00		 	11.15		 	10.74		 	10.81		 	10.40		
Total capital	12.90		 	13.09		 	12.69		 	12.75		 	12.37		
Leverage	9.75		 	9.80		 	9.50		 	9.55		 	9.08		
Total average shareholders’ equity to total average assets	12.05		 	12.09		 	11.94		 	11.80		 	11.59		
Tangible equity to tangible assets  1	9.11		 	9.50		 	9.12		 	9.15		 	8.72		
Tangible common equity to tangible assets 1	8.04		 	8.21		 	8.10		 	8.11		 	8.06		
Book value per common share		$47.14		 		$47.94		 		$47.16		 		$46.51		 		$45.62		
Tangible book value per common share  1	33.97		 	34.82		 	34.34		 	33.83		 	33.05		
Market capitalization	31,959		 	30,417		 	28,451		 	27,319		 	26,860		
Average common shares outstanding:	 	 	 	 	 	 	 	 	 	
Diluted	473,620		 	480,359		 	483,640		 	488,020		 	496,002		
Basic	468,723		 	474,300		 	478,258		 	482,913		 	490,091		
Full-time equivalent employees	23,208		 	23,785		 	24,215		 	24,278		 	24,215		
Number of ATMs	2,075		 	2,116		 	2,108		 	2,104		 	2,132		
Full service banking offices	1,236		 	1,268		 	1,275		 	1,281		 	1,316		

1  	See Appendix A for additional information and reconcilements of non-U.S. GAAP performance measures.	
		
2  	Basel III capital ratios are calculated under the standardized approach using regulatory capital methodology applicable to the Company for each period presented, including the phase-in of transition provisions through January 1, 2018. Capital ratios at March 31, 2018 are estimated as of the date of this release.	

11

SunTrust Banks, Inc. and Subsidiaries
CONSOLIDATED STATEMENTS OF INCOME

															
 	Three Months Ended	 	Increase/(Decrease)	
(Dollars in millions and shares in thousands, except per share data) (Unaudited)	March 31	 		
	2018		2017	 	Amount	 	  % 2	
Interest income		$1,668				$1,528		 		$140		 	9	 %	
Interest expense	227			162		 	65		 	40		
NET INTEREST INCOME	1,441			1,366		 	75		 	5		
Provision for credit losses	28			119		 	(91	)	 	(76	)	
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	1,413			1,247		 	166		 	13		
NONINTEREST INCOME	 	 	 	 	 	 	 	
Service charges on deposit accounts	146		 	148		 	(2	)	 	(1	)	
Other charges and fees	87		 	95		 	(8	)	 	(8	)	
Card fees	81		 	82		 	(1	)	 	(1	)	
Investment banking income	131		 	167		 	(36	)	 	(22	)	
Trading income	42		 	51		 	(9	)	 	(18	)	
Trust and investment management income	75		 	75		 	—		 	—		
Retail investment services	72		 	68		 	4		 	6		
Mortgage servicing related income	54		 	58		 	(4	)	 	(7	)	
Mortgage production related income	36		 	53		 	(17	)	 	(32	)	
Commercial real estate related income	23		 	20		 	3		 	15		
Net securities gains	1		 	—		 	1		 	NM		
Other noninterest income	48		 	30		 	18		 	60		
Total noninterest income	796			847		 	(51	)	 	(6	)	
NONINTEREST EXPENSE	 	 	 	 	 	 	 	
Employee compensation and benefits	853		 	852		 	1		 	—		
Outside processing and software	206		 	205		 	1		 	—		
Net occupancy expense	94		 	92		 	2		 	2		
Marketing and customer development	41		 	42		 	(1	)	 	(2	)	
Regulatory assessments	41		 	48		 	(7	)	 	(15	)	
Equipment expense	40		 	39		 	1		 	3		
Operating losses	6		 	32		 	(26	)	 	(81	)	
Amortization	15		 	13		 	2		 	15		
Other noninterest expense	121		 	142		 	(21	)	 	(15	)	
Total noninterest expense	1,417			1,465		 	(48	)	 	(3	)	
INCOME BEFORE PROVISION FOR INCOME TAXES	792			629		 	163		 	26		
Provision for income taxes	147			159		 	(12	)	 	(8	)	
NET INCOME INCLUDING INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	645			470		 	175		 	37		
Less: Net income attributable to noncontrolling interest	2			2		 	—		 	—		
NET INCOME		$643				$468		 		$175		 	37	 %	
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS		$612				$451		 		$161		 	36	 %	
Net interest income-FTE  1	1,461			1,400		 	61		 	4		
Total revenue	2,237		 	2,213		 	24		 	1		
Total revenue-FTE 1	2,257		 	2,247		 	10		 	—		
Net income per average common share:	 	 	 	 		 		
Diluted	1.29			0.91		 	0.38		 	42		
Basic	1.31			0.92		 	0.39		 	42		
Cash dividends paid per common share	0.40			0.26		 	0.14		 	54		
Average common shares outstanding:	 	 	 	 		 		
Diluted	473,620			496,002		 	(22,382	)	 	(5	)	
Basic	468,723			490,091		 	(21,368	)	 	(4	)	
 	 	 	 	 	 	 	 	
1 See Appendix A for additional information and reconcilements of non-U.S. GAAP measures to the related U.S.GAAP measures.
2 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

12

SunTrust Banks, Inc. and Subsidiaries
FIVE QUARTER CONSOLIDATED STATEMENTS OF INCOME

																											
 	Three Months Ended	 	 	 	Three Months Ended	
(Dollars in millions and shares in thousands, except per share data)
(Unaudited)	March 31	 	Decembe r 31	 	Increase/(Decrease)	 	Septembe r 30	 	June 30	 	March 31	
	2018	 	2017	 	Amount	 	  % 2	 	2017	 	2017	 	2017	
Interest income		$1,668		 		$1,640		 		$28		 	2	 %	 		$1,635		 		$1,583		 		$1,528		
Interest expense	227		 	206		 	21		 	10		 	205		 	180		 	162		
NET INTEREST INCOME	1,441		 	1,434		 	7		 	—		 	1,430		 	1,403		 	1,366		
Provision for credit losses	28		 	79		 	(51	)	 	(65	)	 	120		 	90		 	119		
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	1,413		 	1,355		 	58		 	4		 	1,310		 	1,313		 	1,247		
NONINTEREST INCOME	 	 	 	 	 	 	 	 	 	 	 	 	 	
Service charges on deposit accounts	146		 	150		 	(4	)	 	(3	)	 	154		 	151		 	148		
Other charges and fees	87		 	94		 	(7	)	 	(7	)	 	92		 	103		 	95		
Card fees	81		 	88		 	(7	)	 	(8	)	 	86		 	87		 	82		
Investment banking income	131		 	119		 	12		 	10		 	166		 	147		 	167		
Trading income	42		 	41		 	1		 	2		 	51		 	46		 	51		
Trust and investment management income	75		 	80		 	(5	)	 	(6	)	 	79		 	76		 	75		
Retail investment services	72		 	70		 	2		 	3		 	69		 	70		 	68		
Mortgage servicing related income	54		 	43		 	11		 	26		 	46		 	44		 	58		
Mortgage production related income	36		 	61		 	(25	)	 	(41	)	 	61		 	56		 	53		
Commercial real estate related income	23		 	62		 	(39	)	 	(63	)	 	17		 	24		 	20		
Net securities gains/(losses)	1		 	(109	)	 	110		 	NM		 	—		 	1		 	—		
Other noninterest income	48		 	134		 	(86	)	 	(64	)	 	25		 	22		 	30		
Total noninterest income	796		 	833		 	(37	)	 	(4	)	 	846		 	827		 	847		
NONINTEREST EXPENSE	 	 	 	 	 	 	 	 	 	 	 	 	 	
Employee compensation and benefits	853		 	803		 	50		 	6		 	806		 	796		 	852		
Outside processing and software	206		 	214		 	(8	)	 	(4	)	 	203		 	204		 	205		
Net occupancy expense	94		 	97		 	(3	)	 	(3	)	 	94		 	94		 	92		
Marketing and customer development	41		 	104		 	(63	)	 	(61	)	 	45		 	42		 	42		
Regulatory assessments	41		 	43		 	(2	)	 	(5	)	 	47		 	49		 	48		
Equipment expense	40		 	41		 	(1	)	 	(2	)	 	40		 	43		 	39		
Operating losses/(gains)	6		 	23		 	(17	)	 	(74	)	 	(34	)	 	19		 	32		
Amortization	15		 	25		 	(10	)	 	(40	)	 	22		 	15		 	13		
Other noninterest expense	121		 	170		 	(49	)	 	(29	)	 	168		 	126		 	142		
Total noninterest expense	1,417		 	1,520		 	(103	)	 	(7	)	 	1,391		 	1,388		 	1,465		
INCOME BEFORE PROVISION/(BENEFIT) FOR INCOME TAXES	792		 	668		 	124		 	19		 	765		 	752		 	629		
Provision/(benefit) for income taxes	147		 	(74	)	 	221		 	NM		 	225		 	222		 	159		
NET INCOME INCLUDING INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	645		 	742		 	(97	)	 	(13	)	 	540		 	530		 	470		
Less: Net income attributable to noncontrolling interest	2		 	2		 	—		 	—		 	2		 	2		 	2		
NET INCOME		$643		 		$740		 		($97	)	 	(13	)%	 		$538		 		$528		 		$468		
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS		$612		 		$710		 		($98	)	 	(14	)%	 		$512		 		$505		 		$451		
Net interest income-FTE  1	1,461		 	1,472		 	(11	)	 	(1	)	 	1,467		 	1,439		 	1,400		
Total revenue	2,237		 	2,267		 	(30	)	 	(1	)	 	2,276		 	2,230		 	2,213		
Total revenue-FTE 1	2,257		 	2,305		 	(48	)	 	(2	)	 	2,313		 	2,266		 	2,247		
Net income per average common share:	 	 	 	 	 	 	 	 	 	 	 	 	 	
Diluted	1.29		 	1.48		 	(0.19	)	 	(13	)	 	1.06		 	1.03		 	0.91		
Basic	1.31		 	1.50		 	(0.19	)	 	(13	)	 	1.07		 	1.05		 	0.92		
Cash dividends paid per common share	0.40		 	0.40		 	—		 	—		 	0.40		 	0.26		 	0.26		
Average common shares outstanding:	 	 	 	 	 	 	 	 	 	 	 	 	 	
Diluted	473,620		 	480,359		 	(6,739	)	 	(1	)	 	483,640		 	488,020		 	496,002		
Basic	468,723		 	474,300		 	(5,577	)	 	(1	)	 	478,258		 	482,913		 	490,091		
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
1 See Appendix A for additional information and reconcilements of non-U.S. GAAP measures to the related U.S.GAAP measures.
2 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

13

SunTrust Banks, Inc. and Subsidiaries
CONSOLIDATED BALANCE SHEETS

															
 	March 31	 	(Decrease)/Increase	
(Dollars in millions and shares in thousands, except per share data) (Unaudited)	2018	 	2017	 	Amount	 	%	
ASSETS	 	 	 	 	 	 	 	
Cash and due from banks		$5,851		 		$6,957		 		($1,106	)	 	(16	)%	
Federal funds sold and securities borrowed or purchased under agreements to resell	1,428		 	1,292		 	136		 	11		
Interest-bearing deposits in other banks	25		 	25		 	—		 	—		
Trading assets and derivative instruments	5,112		 	6,007		 	(895	)	 	(15	)	
Securities available for sale 1	30,934		 	30,488		 	446		 	1		
Loans held for sale ("LHFS")	2,377		 	2,109		 	268		 	13		
Loans held for investment ("LHFI"):	 	 	 	 	 	 	 	
Commercial and industrial ("C&I")	66,321		 	68,971		 	(2,650	)	 	(4	)	
Commercial real estate ("CRE")	5,352		 	5,067		 	285		 	6		
Commercial construction	3,651		 	4,215		 	(564	)	 	(13	)	
Residential mortgages - guaranteed	611		 	549		 	62		 	11		
Residential mortgages - nonguaranteed	27,165		 	26,110		 	1,055		 	4		
Residential home equity products	10,241		 	11,511		 	(1,270	)	 	(11	)	
Residential construction	256		 	380		 	(124	)	 	(33	)	
Consumer student - guaranteed	6,693		 	6,396		 	297		 	5		
Consumer other direct	8,941		 	7,904		 	1,037		 	13		
Consumer indirect	11,869		 	11,067		 	802		 	7		
Consumer credit cards	1,518		 	1,359		 	159		 	12		
Total LHFI	142,618		 	143,529		 	(911	)	 	(1	)	
Allowance for loan and lease losses ("ALLL")	(1,694	)	 	(1,714	)	 	(20	)	 	(1	)	
Net LHFI	140,924		 	141,815		 	(891	)	 	(1	)	
Goodwill	6,331		 	6,338		 	(7	)	 	—		
Residential MSRs	1,916		 	1,645		 	271		 	16		
Other assets 1	9,987		 	8,966		 	1,021		 	11		
Total assets 2		$204,885		 		$205,642		 		($757	)	 	—	 %	
LIABILITIES	 	 	 	 	 	 	 	
Deposits:	 	 	 	 	 	 	 	
Noninterest-bearing consumer and commercial deposits		$43,494		 		$43,437		 		$57		 	—	 %	
Interest-bearing consumer and commercial deposits:	 	 	 	 	 	 	 	
NOW accounts	46,672		 	46,222		 	450		 	1		
Money market accounts	50,627		 	55,261		 	(4,634	)	 	(8	)	
Savings	6,849		 	6,668		 	181		 	3		
Consumer time	6,205		 	5,495		 	710		 	13		
Other time	7,510		 	4,448		 	3,062		 	69		
Total consumer and commercial deposits	161,357		 	161,531		 	(174	)	 	—		
Brokered time deposits	1,022		 	917		 	105		 	11		
Foreign deposits	—		 	405		 	(405	)	 	(100	)	
Total deposits	162,379		 	162,853		 	(474	)	 	—		
Funds purchased	1,189		 	1,037		 	152		 	15		
Securities sold under agreements to repurchase	1,677		 	1,704		 	(27	)	 	(2	)	
Other short-term borrowings	706		 	1,955		 	(1,249	)	 	(64	)	
Long-term debt	10,692		 	10,496		 	196		 	2		
Trading liabilities and derivative instruments	1,737		 	1,225		 	512		 	42		
Other liabilities	2,236		 	2,888		 	(652	)	 	(23	)	
Total liabilities	180,616		 	182,158		 	(1,542	)	 	(1	)	
SHAREHOLDERS' EQUITY	 	 	 	 	 	 	 	
Preferred stock, no par value	2,025		 	1,225		 	800		 	65		
Common stock, $1.00 par value	552		 	550		 	2		 	—		
Additional paid-in capital	8,960		 	8,966		 	(6	)	 	—		
Retained earnings	18,107		 	16,322		 	1,785		 	11		
Treasury stock, at cost, and other	(3,853	)	 	(2,712	)	 	1,141		 	42		
Accumulated other comprehensive loss, net of tax	(1,522	)	 	(867	)	 	655		 	76		
Total shareholders' equity	24,269		 	23,484		 	785		 	3		
Total liabilities and shareholders' equity		$204,885		 		$205,642		 		($757	)	 	—	 %	
 	 	 	 	 	 	 	 	
Common shares outstanding	469,708		 	485,712		 	(16,004	)	 	(3	)%	
Common shares authorized	750,000		 	750,000		 	—		 	—		
Preferred shares outstanding	20		 	12		 	8		 	67		
Preferred shares authorized	50,000		 	50,000		 	—		 	—		
Treasury shares of common stock	82,223		 	64,301		 	17,922		 	28		
1 Beginning January 1, 2018, the Company reclassified equity securities previously presented in Securities available for sale to Other assets on the Consolidated Balance Sheets. For periods prior to January 1, 2018, these equity securities have been reclassified to Other assets for comparability.
2 Includes earning assets of $182,913 and $183,279 at March 31 , 2018 and 2017 , respectively.

14

SunTrust Banks, Inc. and Subsidiaries
FIVE QUARTER CONSOLIDATED BALANCE SHEETS

																											
(Dollars in millions and shares in thousands, except per share data) (Unaudited)	March 31	 	Decembe r 31	 	Increase/(Decrease)	 	Septembe r 30	 	June 30	 	March 31	
	2018	 	2017	 	Amount	 	%	 	2017	 	2017	 	2017	
ASSETS	 	 	 	 	 	 	 	 	 	 	 	 	 	
Cash and due from banks		$5,851		 		$5,349		 		$502		 	9	 %	 		$7,071		 		$6,968		 		$6,957		
Federal funds sold and securities borrowed or purchased under agreements to resell	1,428		 	1,538		 	(110	)	 	(7	)	 	1,182		 	1,249		 	1,292		
Interest-bearing deposits in other banks	25		 	25		 	—		 	—		 	25		 	24		 	25		
Trading assets and derivative instruments	5,112		 	5,093		 	19		 	—		 	6,318		 	5,847		 	6,007		
Securities available for sale 1	30,934		 	30,947		 	(13	)	 	—		 	30,927		 	30,528		 	30,488		
LHFS	2,377		 	2,290		 	87		 	4		 	2,835		 	2,826		 	2,109		
LHFI:	 	 	 	 	 	 	 	 	 	 	 	 	 	
C&I	66,321		 	66,356		 	(35	)	 	—		 	67,758		 	68,511		 	68,971		
CRE	5,352		 	5,317		 	35		 	1		 	5,238		 	5,250		 	5,067		
Commercial construction	3,651		 	3,804		 	(153	)	 	(4	)	 	3,964		 	4,019		 	4,215		
Residential mortgages - guaranteed	611		 	560		 	51		 	9		 	497		 	501		 	549		
Residential mortgages - nonguaranteed	27,165		 	27,136		 	29		 	—		 	27,041		 	26,594		 	26,110		
Residential home equity products	10,241		 	10,626		 	(385	)	 	(4	)	 	10,865		 	11,173		 	11,511		
Residential construction	256		 	298		 	(42	)	 	(14	)	 	327		 	364		 	380		
Consumer student - guaranteed	6,693		 	6,633		 	60		 	1		 	6,559		 	6,543		 	6,396		
Consumer other direct	8,941		 	8,729		 	212		 	2		 	8,597		 	8,249		 	7,904		
Consumer indirect	11,869		 	12,140		 	(271	)	 	(2	)	 	11,952		 	11,639		 	11,067		
Consumer credit cards	1,518		 	1,582		 	(64	)	 	(4	)	 	1,466		 	1,425		 	1,359		
Total LHFI	142,618		 	143,181		 	(563	)	 	—		 	144,264		 	144,268		 	143,529		
ALLL	(1,694	)	 	(1,735	)	 	(41	)	 	(2	)	 	(1,772	)	 	(1,731	)	 	(1,714	)	
Net LHFI	140,924		 	141,446		 	(522	)	 	—		 	142,492		 	142,537		 	141,815		
Goodwill	6,331		 	6,331		 	—		 	—		 	6,338		 	6,338		 	6,338		
Residential MSRs	1,916		 	1,710		 	206		 	12		 	1,628		 	1,608		 	1,645		
Other assets 1	9,987		 	11,233		 	(1,246	)	 	(11	)	 	9,436		 	9,298		 	8,966		
Total assets 2		$204,885		 		$205,962		 		($1,077	)	 	(1	)%	 		$208,252		 		$207,223		 		$205,642		
LIABILITIES	 	 	 	 	 	 	 	 	 	 	 	 	 	
Deposits:	 	 	 	 	 	 	 	 	 	 	 	 	 	
Noninterest-bearing consumer and commercial deposits		$43,494		 		$42,784		 		$710		 	2	 %	 		$43,984		 		$44,006		 		$43,437		
Interest-bearing consumer and commercial deposits:	 	 	 	 	 	 	 	 	 	 	 	 		
NOW accounts	46,672		 	47,379		 	(707	)	 	(1	)	 	47,213		 	43,973		 	46,222		
Money market accounts	50,627		 	51,088		 	(461	)	 	(1	)	 	52,487		 	53,000		 	55,261		
Savings	6,849		 	6,468		 	381		 	6		 	6,505		 	6,599		 	6,668		
Consumer time	6,205		 	5,839		 	366		 	6		 	5,735		 	5,610		 	5,495		
Other time	7,510		 	6,237		 	1,273		 	20		 	5,854		 	5,131		 	4,448		
Total consumer and commercial deposits	161,357		 	159,795		 	1,562		 	1		 	161,778		 	158,319		 	161,531		
Brokered time deposits	1,022		 	985		 	37		 	4		 	959		 	944		 	917		
Foreign deposits	—		 	—		 	—		 	—		 	—		 	610		 	405		
Total deposits	162,379		 	160,780		 	1,599		 	1		 	162,737		 	159,873		 	162,853		
Funds purchased	1,189		 	2,561		 	(1,372	)	 	(54	)	 	3,118		 	3,007		 	1,037		
Securities sold under agreements to repurchase	1,677		 	1,503		 	174		 	12		 	1,422		 	1,503		 	1,704		
Other short-term borrowings	706		 	717		 	(11	)	 	(2	)	 	909		 	2,640		 	1,955		
Long-term debt	10,692		 	9,785		 	907		 	9		 	11,280		 	10,511		 	10,496		
Trading liabilities and derivative instruments	1,737		 	1,283		 	454		 	35		 	1,284		 	1,090		 	1,225		
Other liabilities	2,236		 	4,179		 	(1,943	)	 	(46	)	 	2,980		 	4,122		 	2,888		
Total liabilities	180,616		 	180,808		 	(192	)	 	—		 	183,730		 	182,746		 	182,158		
SHAREHOLDERS’ EQUITY	 	 	 	 	 	 	 	 	 	 	 	 	 	
Preferred stock, no par value	2,025		 	2,475		 	(450	)	 	(18	)	 	1,975		 	1,975		 	1,225		
Common stock, $1.00 par value	552		 	550		 	2		 	—		 	550		 	550		 	550		
Additional paid-in capital	8,960		 	9,000		 	(40	)	 	—		 	8,985		 	8,973		 	8,966		
Retained earnings	18,107		 	17,540		 	567		 	3		 	17,021		 	16,701		 	16,322		
Treasury stock, at cost, and other	(3,853	)	 	(3,591	)	 	262		 	7		 	(3,274	)	 	(2,945	)	 	(2,712	)	
Accumulated other comprehensive loss, net of tax	(1,522	)	 	(820	)	 	702		 	86		 	(735	)	 	(777	)	 	(867	)	
Total shareholders’ equity	24,269		 	25,154		 	(885	)	 	(4	)	 	24,522		 	24,477		 	23,484		
Total liabilities and shareholders’ equity		$204,885		 		$205,962		 		($1,077	)	 	(1	)%	 		$208,252		 		$207,223		 		$205,642		
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Common shares outstanding	469,708		 	470,931		 	(1,223	)	 	—	 %	 	476,001		 	481,644		 	485,712		
Common shares authorized	750,000		 	750,000		 	—		 	—		 	750,000		 	750,000		 	750,000		
Preferred shares outstanding	20		 	25		 	(5	)	 	(20	)	 	20		 	20		 	12		
Preferred shares authorized	50,000		 	50,000		 	—		 	—		 	50,000		 	50,000		 	50,000		
Treasury shares of common stock	82,223		 	79,133		 	3,090		 	4		 	74,053		 	68,369		 	64,301		
1 Beginning January 1, 2018, the Company reclassified equity securities previously presented in Securities available for sale to Other assets on the Consolidated Balance Sheets. For periods prior to January 1, 2018, these equity securities have been reclassified to Other assets for comparability.
2 Includes earning assets of $182,913 , $182,710 , $185,071 , $184,518 , and $183,279 at March 31 , 2018 , Decembe r 31 , 2017 , Septembe r 30 , 2017 , June 30 , 2017 , and March 31 , 2017 , respectively.

15

	
																																				
SunTrust Banks, Inc. and Subsidiaries
CONSOLIDATED DAILY AVERAGE BALANCES, INCOME/EXPENSE, AND AVERAGE YIELDS EARNED/RATES PAID	
 	Three Months Ended	 	(Decrease)/Increase From	
 	March 31, 2018	 	December 31, 2017	 	Sequential Quarter	 	Prior Year Quarter	
(Dollars in millions) (Unaudited)	Average
Balances  	 	Interest Income/
Expense	 	Yields/
Rates	 	Average
Balances	 	Interest Income/
Expense	 	Yields/
Rates	 	Average
Balances	 	Yields/
Rates	 	Average
Balances  	 	Yields/
Rates	
ASSETS	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Loans held for investment ("LHFI"): 1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial and industrial ("C&I")		$66,269				$588			3.60	%	 		$67,238		 		$575		 	3.39	%	 		($969	)	 	0.21		 		($2,807	)	 	0.35		
Commercial real estate ("CRE")	5,201			49			3.84		 	5,209		 	47		 	3.57		 	(8	)	 	0.27		 	163		 	0.66		
Commercial construction	3,749			40			4.27		 	3,947		 	39		 	3.92		 	(198	)	 	0.35		 	(327	)	 	0.88		
Residential mortgages - guaranteed	637			5			3.12		 	546		 	3		 	2.12		 	91		 	1.00		 	70		 	0.05		
Residential mortgages - nonguaranteed	26,863			254			3.79		 	26,858		 	254		 	3.78		 	5		 	0.01		 	945		 	(0.01	)	
Residential home equity products	10,243			116			4.60		 	10,531		 	116		 	4.37		 	(288	)	 	0.23		 	(1,223	)	 	0.50		
Residential construction	261			3			4.47		 	303		 	3		 	4.15		 	(42	)	 	0.32		 	(124	)	 	0.43		
Consumer student - guaranteed	6,655			78			4.76		 	6,576		 	76		 	4.60		 	79		 	0.16		 	377		 	0.56		
Consumer other direct	8,804			110			5.08		 	8,651		 	108		 	4.94		 	153		 	0.14		 	985		 	0.06		
Consumer indirect	12,001			108			3.63		 	11,999		 	107		 	3.53		 	2		 	0.10		 	1,154		 	0.20		
Consumer credit cards	1,526			43			11.26		 	1,504		 	39		 	10.40		 	22		 	0.86		 	157		 	1.47		
Nonaccrual	711			4			2.25		 	677		 	9		 	5.12		 	34		 	(2.87	)	 	(120	)	 	0.22		
Total LHFI	142,920			1,398			3.97		 	144,039		 	1,376		 	3.79		 	(1,119	)	 	0.18		 	(750	)	 	0.33		
Securities available for sale: 2	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Taxable	30,849			201			2.61		 	30,309		 	192		 	2.54		 	540		 	0.07		 	884		 	0.21		
Tax-exempt	628			5			2.98		 	589		 	4		 	2.97		 	39		 	0.01		 	342		 	(0.06	)	
Total securities available for sale	31,477			206			2.62		 	30,898		 	196		 	2.53		 	579		 	0.09		 	1,226		 	0.21		
Federal funds sold and securities borrowed or purchased under agreements to resell	1,334			4			1.18		 	1,198		 	2		 	0.87		 	136		 	0.31		 	98		 	0.85		
Loans held for sale ("LHFS")	2,025			21			4.12		 	2,622		 	30		 	4.53		 	(597	)	 	(0.41	)	 	(586	)	 	0.41		
Interest-bearing deposits in other banks	25			—			1.85		 	25		 	—		 	1.62		 	—		 	0.23		 	—		 	1.21		
Interest earning trading assets	4,564			34			3.05		 	4,996		 	32		 	2.53		 	(432	)	 	0.52		 	(624	)	 	0.96		
Other earning assets 2	529		 	5		 	3.50		 	528		 	4		 	3.52		 	1		 	(0.02	)	 	(96	)	 	0.57		
Total earning assets	182,874			1,668			3.70		 	184,306		 	1,640		 	3.53		 	(1,432	)	 	0.17		 	(732	)	 	0.32		
Allowance for loan and lease losses ("ALLL")	(1,726	)		 	 	 	 	(1,768	)	 	 	 	 	 	(42	)	 	 	 	26		 	 	
Cash and due from banks	5,329			 	 	 	 	5,018		 	 	 	 	 	311		 	 	 	(227	)	 	 	
Other assets	17,256			 	 	 	 	16,794		 	 	 	 	 	462		 	 	 	1,304		 	 	
Noninterest earning trading assets and derivative instruments	772			 	 	 	 	858		 	 	 	 	 	(86	)	 	 	 	(116	)	 	 	
Unrealized (losses)/gains on securities available for sale, net	(373	)		 	 	 	 	11		 	 	 	 	 	(384	)	 	 	 	(323	)	 	 	
Total assets		$204,132			 	 	 	 		$205,219		 	 	 	 	 		($1,087	)	 	 	 		($120	)	 	 	
LIABILITIES AND SHAREHOLDERS’ EQUITY		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Interest-bearing deposits:	 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NOW accounts		$46,590				$45			0.39	%	 		$46,238		 		$42		 	0.36	%	 		$352		 	0.03		 		$1,845		 	0.18		
Money market accounts	50,543			48			0.39		 	52,025		 	43		 	0.33		 	(1,482	)	 	0.06		 	(4,359	)	 	0.14		
Savings	6,587			—			0.02		 	6,487		 	—		 	0.02		 	100		 	—		 	172		 	—		
Consumer time	6,085			13			0.87		 	5,785		 	12		 	0.82		 	300		 	0.05		 	598		 	0.18		
Other time	7,026			22			1.25		 	6,090		 	18		 	1.19		 	936		 	0.06		 	2,794		 	0.28		
Total interest-bearing consumer and commercial deposits	116,831			128			0.44		 	116,625		 	115		 	0.39		 	206		 	0.05		 	1,050		 	0.17		
Brokered time deposits	1,006			3			1.35		 	971		 	4		 	1.32		 	35		 	0.03		 	89		 	0.07		
Foreign deposits	51			—			1.42		 	—		 	—		 	—		 	51		 	1.42		 	(627	)	 	0.76		
Total interest-bearing deposits	117,888			131			0.45		 	117,596		 	119		 	0.40		 	292		 	0.05		 	512		 	0.17		
Funds purchased	876			3			1.45		 	1,143		 	3		 	1.17		 	(267	)	 	0.28		 	4		 	0.80		
Securities sold under agreements to repurchase	1,595			5			1.39		 	1,483		 	4		 	1.14		 	112		 	0.25		 	(120	)	 	0.78		
Interest-bearing trading liabilities	1,110			8			2.84		 	969		 	7		 	2.73		 	141		 	0.11		 	108		 	0.23		
Other short-term borrowings	2,084			6			1.11		 	815		 	1		 	0.22		 	1,269		 	0.89		 	331		 	0.62		
Long-term debt	10,506			74			2.84		 	10,981		 	72		 	2.60		 	(475	)	 	0.24		 	(1,057	)	 	0.39		
Total interest-bearing liabilities	134,059			227			0.69		 	132,987		 	206		 	0.61		 	1,072		 	0.08		 	(222	)	 	0.20		
Noninterest-bearing deposits	42,338			 	 	 	 	44,120		 	 	 	 	 	(1,782	)	 	 	 	(755	)	 	 	
Other liabilities	2,499			 	 	 	 	2,860		 	 	 	 	 	(361	)	 	 	 	(361	)	 	 	
Noninterest-bearing trading liabilities and derivative instruments	631			 	 	 	 	446		 	 	 	 	 	185		 	 	 	284		 	 	
Shareholders’ equity	24,605			 	 	 	 	24,806		 	 	 	 	 	(201	)	 	 	 	934		 	 	
Total liabilities and shareholders’ equity		$204,132			 	 	 	 		$205,219		 	 	 	 	 		($1,087	)	 	 	 		($120	)	 	 	
Interest Rate Spread	 		 		3.01	%	 	 	 	 	 	2.92	%	 	 	 	0.09		 	 	 	0.12		
Net Interest Income	 			$1,441			 	 	 	 		$1,434		 	 	 	 	 	 	 	 	 	 	
Net Interest Income-FTE 3	 	 		$1,461		 	 	 	 	 		$1,472		 	 	 	 	 	 	 	 	 	 	
Net Interest Margin  4	 		 		3.20	%	 	 	 	 	 	3.09	%	 	 	 	0.11		 	 	 	0.18		
Net Interest Margin-FTE  3, 4	 	 	 	 	3.24		 	 	 	 	 	3.17		 	 	 	0.07		 	 	 	0.15		
1 Interest income includes loan fees of $39 million and $42 million for the three months ended March 31, 2018 and December 31, 2017 , respectively.
2 Beginning January 1, 2018, the Company began presenting other equity securities previously presented in securities available for sale as other earning assets. For periods prior to January 1, 2018, these equity securities have been reclassified to other earning assets for comparability.   
3 See Appendix A for additional information and reconcilements of non-U.S. GAAP performance measures. Approximately 95% of the total FTE adjustment for both the three months ended March 31, 2018 and December 31, 2017 was attributed to C&I loans.
4 Net interest margin is calculated by dividing annualized Net interest income by average Total earning assets.

16

	
																																	
SunTrust Banks, Inc. and Subsidiaries
CONSOLIDATED DAILY AVERAGE BALANCES, INCOME/EXPENSE, AND AVERAGE YIELDS EARNED/RATES PAID, continued	
 	Three Months Ended	
 	September 30, 2017	 	June 30, 2017	 	March 31, 2017	
(Dollars in millions) (Unaudited)	Average
Balances  	 	Interest Income/
Expense	 	Yields/
Rates	 	Average
Balances  	 	Interest Income/
Expense	 	Yields/
Rates	 	Average
Balances  	 	Interest Income/
Expense	 	Yields/
Rates	
ASSETS	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
LHFI: 1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
C&I		$68,277		 		$583		 	3.39	%	 		$69,122		 		$574		 	3.33	%	 		$69,076				$554			3.25	%	
CRE	5,227		 	47		 	3.57		 	5,157		 	44		 	3.38		 	5,038			39			3.18		
Commercial construction	3,918		 	38		 	3.86		 	4,105		 	37		 	3.63		 	4,076			34			3.39		
Residential mortgages - guaranteed	512		 	5		 	3.57		 	532		 	4		 	2.95		 	567			4			3.07		
Residential mortgages - nonguaranteed	26,687		 	255		 	3.82		 	26,090		 	248		 	3.80		 	25,918			247			3.80		
Residential home equity products	10,778		 	120		 	4.40		 	11,113		 	118		 	4.27		 	11,466			116			4.10		
Residential construction	333		 	4		 	4.68		 	363		 	4		 	4.19		 	385			4			4.04		
Consumer student - guaranteed	6,535		 	73		 	4.44		 	6,462		 	71		 	4.42		 	6,278			65			4.20		
Consumer other direct	8,426		 	104		 	4.91		 	8,048		 	97		 	4.84		 	7,819			97			5.02		
Consumer indirect	11,824		 	105		 	3.51		 	11,284		 	98		 	3.50		 	10,847			92			3.43		
Consumer credit cards	1,450		 	37		 	10.32		 	1,391		 	35		 	9.96		 	1,369			33			9.79		
Nonaccrual	739		 	11		 	5.90		 	773		 	8		 	4.37		 	831			4			2.03		
Total LHFI	144,706		 	1,382		 	3.79		 	144,440		 	1,338		 	3.72		 	143,670			1,289			3.64		
Securities available for sale: 2	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Taxable	30,089		 	187		 	2.49		 	30,057		 	184		 	2.45		 	29,965			180			2.40		
Tax-exempt	504		 	4		 	2.99		 	348		 	3		 	3.04		 	286			2			3.04		
Total securities available for sale	30,593		 	191		 	2.49		 	30,405		 	187		 	2.46		 	30,251			182			2.41		
Federal funds sold and securities borrowed or purchased under agreements to resell	1,189		 	3		 	0.89		 	1,237		 	2		 	0.68		 	1,236			1			0.33		
LHFS	2,477		 	24		 	3.89		 	2,222		 	21		 	3.86		 	2,611			24			3.71		
Interest-bearing deposits in other banks	25		 	—		 	1.88		 	25		 	—		 	0.62		 	25			—			0.64		
Interest earning trading assets	5,291		 	31		 	2.38		 	5,131		 	30		 	2.33		 	5,188			27			2.09		
Other earning assets 2	580		 	4		 	3.06		 	597		 	5		 	3.01		 	625		 	5		 	2.93		
Total earning assets	184,861		 	1,635		 	3.51		 	184,057		 	1,583		 	3.45		 	183,606			1,528			3.38		
ALLL	(1,748	)	 	 	 	 	 	(1,723	)	 	 	 	 	 	(1,700	)		 	 	 	
Cash and due from banks	5,023		 	 	 	 	 	4,901		 	 	 	 	 	5,556			 	 	 	
Other assets	16,501		 	 	 	 	 	16,248		 	 	 	 	 	15,952			 	 	 	
Noninterest earning trading assets and derivative instruments	948		 	 	 	 	 	918		 	 	 	 	 	888			 	 	 	
Unrealized gains/(losses) on securities available for sale, net	153		 	 	 	 	 	93		 	 	 	 	 	(50	)		 	 	 	
Total assets		$205,738		 	 	 	 	 		$204,494		 	 	 	 	 		$204,252			 	 	 	
LIABILITIES AND SHAREHOLDERS’ EQUITY	 	 	 	 	 	 	 	 	 	 	 	 	 		 	 	 	
Interest-bearing deposits:	 	 	 	 	 	 	 	 	 	 	 	 	 		 	 	 	
NOW accounts		$44,604		 		$37		 	0.33	%	 		$44,437		 		$30		 	0.27	%	 		$44,745				$23			0.21	%	
Money market accounts	53,278		 	43		 	0.32		 	54,199		 	38		 	0.28		 	54,902			34			0.25		
Savings	6,535		 	—		 	0.02		 	6,638		 	—		 	0.03		 	6,415			—			0.02		
Consumer time	5,675		 	11		 	0.76		 	5,555		 	10		 	0.71		 	5,487			9			0.69		
Other time	5,552		 	16		 	1.14		 	4,691		 	12		 	1.05		 	4,232			10			0.97		
Total interest-bearing consumer and commercial deposits	115,644		 	107		 	0.37		 	115,520		 	90		 	0.31		 	115,781			76			0.27		
Brokered time deposits	947		 	3		 	1.28		 	929		 	3		 	1.29		 	917			3			1.28		
Foreign deposits	295		 	1		 	1.13		 	720		 	2		 	0.95		 	678			1			0.66		
Total interest-bearing deposits	116,886		 	111		 	0.38		 	117,169		 	95		 	0.32		 	117,376			80			0.28		
Funds purchased	1,689		 	5		 	1.15		 	1,155		 	3		 	0.96		 	872			1			0.65		
Securities sold under agreements to repurchase	1,464		 	4		 	1.07		 	1,572		 	3		 	0.89		 	1,715			3			0.61		
Interest-bearing trading liabilities	912		 	6		 	2.84		 	992		 	6		 	2.66		 	1,002			6			2.61		
Other short-term borrowings	1,797		 	3		 	0.56		 	2,008		 	3		 	0.55		 	1,753			2			0.49		
Long-term debt	11,204		 	76		 	2.70		 	10,518		 	70		 	2.66		 	11,563			70			2.45		
Total interest-bearing liabilities	133,952		 	205		 	0.61		 	133,414		 	180		 	0.54		 	134,281			162			0.49		
Noninterest-bearing deposits	43,775		 	 	 	 	 	43,616		 	 	 	 	 	43,093			 	 	 	
Other liabilities	3,046		 	 	 	 	 	2,976		 	 	 	 	 	2,860			 	 	 	
Noninterest-bearing trading liabilities and derivative instruments	392		 	 	 	 	 	349		 	 	 	 	 	347			 	 	 	
Shareholders’ equity	24,573		 	 	 	 	 	24,139		 	 	 	 	 	23,671			 	 	 	
Total liabilities and shareholders’ equity		$205,738		 	 	 	 	 		$204,494		 	 	 	 	 		$204,252			 	 	 	
Interest Rate Spread	 	 	 	 	2.90	%	 	 	 	 	 	2.91	%	 	 	 	 		2.89	%	
Net Interest Income	 	 		$1,430		 	 	 	 	 		$1,403		 	 	 	 			$1,366			 	
Net Interest Income-FTE 3	 	 		$1,467		 	 	 	 	 		$1,439		 	 	 	 	 		$1,400		 	 	
Net Interest Margin 4	 	 	 	 	3.07	%	 	 	 	 	 	3.06	%	 	 	 	 		3.02	%	
Net Interest Margin-FTE  3, 4	 	 	 	 	3.15		 	 	 	 	 	3.14		 	 	 	 	 	3.09		
		
1  	Interest income includes loan fees of $45 million for each of the three months ended September 30, 2017 , June 30, 2017 , and March 31, 2017 .	
		
2  	Beginning January 1, 2018, the Company began presenting other equity securities previously presented in securities available for sale as other earning assets. For periods prior to January 1, 2018, these equity securities have been reclassified to other earning assets for comparability.	
		
3  	See Appendix A for additional information and reconcilements of non-U.S. GAAP performance measures. Approximately 95% of the total FTE adjustment for the three months ended September 30, 2017 , June 30, 2017 , and March 31, 2017 was attributed to C&I loans.	
		
4  	Net interest margin is calculated by dividing annualized Net interest income by average Total earning assets.	

17

	
															
SunTrust Banks, Inc. and Subsidiaries
OTHER FINANCIAL DATA	 	 	 	 	 	 	 	
 	Three Months Ende d	 	 	 	 	
 	March 31	 	Increase/(Decrease)	
(Dollars in millions) (Unaudited)	2018		2017	 	Amount	 	  % 4	
CREDIT DATA	 	 	 	 	 	 	 	
Allowance for credit losses, beginning of period		$1,814				$1,776		 		$38		 	2	 %	
(Benefit)/provision for unfunded commitments	(10	)		2		 	(12	)	 	NM		
(Benefit)/provision for loan losses:	 	 	 	 	 	 			
Commercial	(16	)		46		 	(62	)	 	NM		
Consumer	54			71		 	(17	)	 	(24	)	
Total provision for loan losses	38			117		 	(79	)	 	(68	)	
Charge-offs:	 	 	 	 	 	 	 	
Commercial	(23	)		(63	)	 	(40	)	 	(63	)	
Consumer	(83	)		(83	)	 	—		 	—		
Total charge-offs	(106	)		(146	)	 	(40	)	 	(27	)	
Recoveries:	 	 	 	 	 	 	 	
Commercial	6			13		 	(7	)	 	(54	)	
Consumer	21			21		 	—		 	—		
Total recoveries	27			34		 	(7	)	 	(21	)	
Net charge-offs	(79	)		(112	)	 	(33	)	 	(29	)	
Allowance for credit losses, end of period		$1,763				$1,783		 		($20	)	 	1	 %	
Components:	 	 	 	 	 	 	 	
Allowance for loan and lease losses ("ALLL")		$1,694				$1,714		 		($20	)	 	(1	)%	
Unfunded commitments reserve	69			69		 	—		 	—		
Allowance for credit losses		$1,763		 		$1,783		 		($20	)	 	(1	)%	
Net charge-offs to average loans held for investment ("LHFI") (annualized):	 	 	 	 	 	 	 	
Commercial	0.09	%		0.26	%	 	(0.17	)	 	(65	)%	
Consumer	0.37			0.39		 	(0.02	)	 	(5	)	
Total net charge-offs to total average LHFI	0.22			0.32		 	(0.10	)	 	(31	)	
Period Ended	 	 	 	 	 	 	 	
Nonaccrual/nonperforming loans ("NPLs"):	 	 	 	 	 	 	 	
Commercial		$262		 		$352		 		($90	)	 	(26	)%	
Consumer	450		 	437		 	13		 	3		
Total nonaccrual/NPLs	712		 	789		 	(77	)	 	(10	)	
Other real estate owned (“OREO”)	59		 	62		 	(3	)	 	(5	)	
Other repossessed assets	7		 	7		 	—		 	—		
Total nonperforming assets ("NPAs")		$778		 		$858		 		($80	)	 	(9	)%	
Accruing restructured loans		$2,476		 		$2,545		 		($69	)	 	(3	)%	
Nonaccruing restructured loans 1	279		 	329		 	(50	)	 	(15	)	
Accruing LHFI past due > 90 days (guaranteed)	1,312		 	1,190		 	122		 	10		
Accruing LHFI past due > 90 days (non-guaranteed)	36		 	37		 	(1	)	 	(3	)	
Accruing LHFS past due > 90 days	3		 	1		 	2		 	NM		
NPLs to period-end LHFI	0.50	%	 	0.55	%	 	(0.05	)	 	(9	)%	
NPAs to period-end LHFI plus OREO, and other repossessed assets	0.55		 	0.60		 	(0.05	)	 	(8	)	
ALLL to period-end LHFI 2, 3	1.19		 	1.20		 	(0.01	)	 	(1	)	
ALLL to NPLs 2, 3	2.40x		 	2.18x		 	0.22x		 	10		
 	 	 	 	 	 	 	 	
1 Nonaccruing restructured loans are included in total nonaccrual/NPLs.
2 This ratio is computed using the ALLL.
3 Loans measured at fair value were excluded from the calculation as no allowance is recorded for loans measured at fair value. The Company believes that this presentation more appropriately reflects the relationship between the ALLL and loans that attract an allowance.
4 "NM" - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

18

	
																											
SunTrust Banks, Inc. and Subsidiaries
FIVE QUARTER OTHER FINANCIAL DATA	 	 	 	 	 	 	 	 	 	 	 	 	
 	Three Months Ended	 	 	 	 	 	Three Months Ended	
 	March 31	 	Decembe r 31	 	(Decrease)/Increase	 	Septembe r 30	 	June 30	 	March 31	
(Dollars in millions) (Unaudited)	2018	 	2017	 	Amount	 	  % 4	 	2017	 	2017	 	2017	
CREDIT DATA	 	 	 	 	 	 	 	 	 	 	 	 	 	
Allowance for credit losses, beginning of period		$1,814		 		$1,845		 		($31	)	 	(2	)%	 		$1,803		 		$1,783		 		$1,776		
(Benefit)/provision for unfunded commitments	(10	)	 	6		 	(16	)	 	NM		 	1		 	3		 	2		
(Benefit)/provision for loan losses:	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial	(16	)	 	19		 	(35	)	 	NM		 	5		 	39		 	46		
Consumer	54		 	55		 	(1	)	 	(2	)	 	114		 	48		 	71		
Total provision for loan losses	38		 	74		 	(36	)	 	(49	)	 	119		 	87		 	117		
Charge-offs:	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial	(23	)	 	(44	)	 	(21	)	 	(48	)	 	(33	)	 	(26	)	 	(63	)	
Consumer	(83	)	 	(90	)	 	(7	)	 	(8	)	 	(76	)	 	(75	)	 	(83	)	
Total charge-offs	(106	)	 	(134	)	 	(28	)	 	(21	)	 	(109	)	 	(101	)	 	(146	)	
Recoveries:	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial	6		 	7		 	(1	)	 	(14	)	 	11		 	7		 	13		
Consumer	21		 	20		 	1		 	5		 	20		 	24		 	21		
Total recoveries	27		 	27		 	—		 	—		 	31		 	31		 	34		
Net charge-offs	(79	)	 	(107	)	 	(28	)	 	(26	)	 	(78	)	 	(70	)	 	(112	)	
Other	—		 	(4	)	 	(4	)	 	(100	)	 	—		 	—		 	—		
Allowance for credit losses, end of period		$1,763		 		$1,814		 		($51	)	 	(3	)%	 		$1,845		 		$1,803		 		$1,783		
Components:	 	 	 	 	 	 	 	 	 	 	 	 	 	
ALLL		$1,694		 		$1,735		 		($41	)	 	(2	)%	 		$1,772		 		$1,731		 		$1,714		
Unfunded commitments reserve	69		 	79		 	(10	)	 	(13	)	 	73		 	72		 	69		
Allowance for credit losses		$1,763		 		$1,814		 		($51	)	 	(3	)%	 		$1,845		 		$1,803		 		$1,783		
Net charge-offs to average LHFI (annualized):	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial	0.09	%	 	0.19	%	 	(0.10	)	 	(53	)%	 	0.11	%	 	0.10	%	 	0.26	%	
Consumer	0.37		 	0.41		 	(0.04	)	 	(10	)	 	0.33		 	0.32		 	0.39		
Total net charge-offs to total average LHFI	0.22		 	0.29		 	(0.07	)	 	(24	)	 	0.21		 	0.20		 	0.32		
Period Ended	 	 	 	 	 	 	 	 	 	 	 	 	 	
Nonaccrual/NPLs:	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial		$262		 		$240		 		$22		 	9	 %	 		$298		 		$325		 		$352		
Consumer	450		 	434		 	16		 	4		 	399		 	429		 	437		
Total nonaccrual/NPLs	712		 	674		 	38		 	6		 	697		 	754		 	789		
OREO	59		 	57		 	2		 	4		 	57		 	61		 	62		
Other repossessed assets	7		 	10		 	(3	)	 	(30	)	 	7		 	6		 	7		
Nonperforming LHFS	—		 	—		 	—		 	—		 	31		 	—		 	—		
Total NPAs		$778		 		$741		 		$37		 	5	 %	 		$792		 		$821		 		$858		
Accruing restructured loans		$2,476		 		$2,468		 		$8		 	—	 %	 		$2,501		 		$2,524		 		$2,545		
Nonaccruing restructured loans 1	279		 	286		 	(7	)	 	(2	)	 	304		 	321		 	329		
Accruing LHFI past due > 90 days (guaranteed)	1,312		 	1,374		 	(62	)	 	(5	)	 	1,304		 	1,221		 	1,190		
Accruing LHFI past due > 90 days (non-guaranteed)	36		 	31		 	5		 	16		 	39		 	30		 	37		
Accruing LHFS past due > 90 days	3		 	2		 	1		 	50		 	—		 	1		 	1		
NPLs to period-end LHFI	0.50	%	 	0.47	%	 	0.03		 	6	 %	 	0.48	%	 	0.52	%	 	0.55	%	
NPAs to period-end LHFI plus OREO, other repossessed assets, and nonperforming LHFS	0.55		 	0.52		 	0.03		 	6		 	0.55		 	0.57		 	0.60		
ALLL to period-end LHFI 2, 3	1.19		 	1.21		 	(0.02	)	 	(2	)	 	1.23		 	1.20		 	1.20		
ALLL to NPLs 2, 3	2.40x		 	2.59x		 	(0.19x)		 	(7	)	 	2.55x		 	2.31x		 	2.18x		
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
1 Nonaccruing restructured loans are included in total nonaccrual/NPLs.
2 This ratio is computed using the ALLL.
3 Loans measured at fair value were excluded from the calculation as no allowance is recorded for loans measured at fair value. The Company believes that this presentation more appropriately reflects the relationship between the ALLL and loans that attract an allowance.
4 "NM" - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

19

	
												
SunTrust Banks, Inc. and Subsidiaries
OTHER FINANCIAL DATA, continued	 	 	 	 	 	
 	Three Months Ended March 31	
(Dollars in millions) (Unaudited)	Residential MSRs - Fair Value		Commercial Mortgage Servicing Rights and Other		Total	
OTHER INTANGIBLE ASSETS ROLLFORWARD	 	 	 	 	 	
Balance, beginning of period		$1,572				$85				$1,657		
Amortization	—			(5	)		(5	)	
Servicing rights originated	96			5			101		
Fair value changes due to inputs and assumptions 1	27			—			27		
Other changes in fair value 2	(50	)		—			(50	)	
Other 3	—		 	(1	)	 	(1	)	
Balance, March 31, 2017		$1,645				$84				$1,729		
 	 	 	 	 	 	
Balance, beginning of period		$1,710				$81				$1,791		
Amortization	—			(5	)		(5	)	
Servicing rights originated	76			4			80		
Servicing rights purchased	74		 	—		 	74		
Fair value changes due to inputs and assumptions 1	111			—			111		
Other changes in fair value 2	(55	)		—			(55	)	
Balance, March 31, 2018		$1,916				$80				$1,996		
1 Primarily reflects changes in discount rates and prepayment speed assumptions, due to changes in interest rates.
2 Represents changes due to the collection of expected cash flows, net of accretion, due to the passage of time.
3 Represents measurement period adjustment on other intangible assets previously acquired in Pillar/Cohen acquisition.

	
															
 	Three Months Ended	
 	March 31	 	Decembe r 31	 	Septembe r 30	 	June 30	 	March 31	
(Shares in thousands) (Unaudited)	2018	 	2017	 	2017	 	2017	 	2017	
COMMON SHARES OUTSTANDING ROLLFORWARD	 	 	 	 	 	 	 	 	 	
Balance, beginning of period	470,931		 	476,001		 	481,644		 	485,712		 	491,188		
Common shares issued for employee benefit plans	3,615		 	244		 	125		 	111		 	1,536		
Repurchases of common stock	(4,838	)	 	(5,314	)	 	(5,768	)	 	(4,179	)	 	(7,012	)	
Balance, end of period	469,708		 	470,931		 	476,001		 	481,644		 	485,712		

20

	
																				
SunTrust Banks, Inc. and Subsidiaries
APPENDIX A TO THE EARNINGS RELEASE - RECONCILEMENT OF NON-U.S. GAAP MEASURES  1	
 	 	
 	Three Months Ended	
 	March 31	 	December 31	 	September 30	 	June 30	 	March 31	
(Dollars in millions) (Unaudited)	2018	 	2017	 	2017	 	2017	 	2017	
Net interest income		$1,441		 		$1,434		 		$1,430		 		$1,403		 		$1,366		
Fully taxable-equivalent ("FTE") adjustment	20		 	38		 	37		 	36		 	34		
Net interest income-FTE 2	1,461		 	1,472		 	1,467		 	1,439		 	1,400		
Noninterest income	796		 	833		 	846		 	827		 	847		
Total revenue-FTE 2		$2,257		 		$2,305		 		$2,313		 		$2,266		 		$2,247		
 	 	 	 	 	 	 	 	 	 	
Return on average common shareholders’ equity	11.23	 %	 	12.54	 %	 	9.03	 %	 	9.08	 %	 	8.19	 %	
Impact of removing average intangible assets and related pre-tax amortization, other than residential MSRs and other servicing rights	4.37		 	4.70		 	3.42		 	3.43		 	3.09		
Return on average tangible common shareholders' equity 3	15.60	%	 	17.24	%	 	12.45	%	 	12.51	%	 	11.28	%	
 	 	 	 	 	 	 	 	 	 	
Net interest margin	3.20	 %	 	3.09	 %	 	3.07	 %	 	3.06	 %	 	3.02	 %	
Impact of FTE adjustment	0.04		 	0.08		 	0.08		 	0.08		 	0.07		
Net interest margin-FTE 2	3.24	 %	 	3.17	 %	 	3.15	 %	 	3.14	 %	 	3.09	 %	
 	 	 	 	 	 	 	 	 	 	
Noninterest expense		$1,417		 		$1,520		 		$1,391		 		$1,388		 		$1,465		
Total revenue	2,237			2,267			2,276			2,230			2,213		
Efficiency ratio 4	63.35	%		67.03	%		61.12	%		62.24	%		66.20	%	
Impact of FTE adjustment	(0.58	)	 	(1.09	)	 	(0.98	)	 	(1.00	)	 	(1.01	)	
Efficiency ratio-FTE 2, 4	62.77		 	65.94		 	60.14		 	61.24		 	65.19		
Impact of excluding amortization related to intangible assets and certain tax credits	(0.66	)	 	(1.10	)	 	(0.93	)	 	(0.65	)	 	(0.59	)	
Tangible efficiency ratio-FTE 2, 5	62.11	%	 	64.84	%	 	59.21	%	 	60.59	%	 	64.60	%	
Impact of excluding Form 8-K and other tax reform-related items	—		 	(4.99	)	 	—		 	—		 	—		
Adjusted tangible efficiency ratio-FTE 2, 5, 6	62.11	%	 	59.85	%	 	59.21	%	 	60.59	%	 	64.60	%	
 	 	 	 	 	 	 	 	 	 	
1 Certain amounts in this schedule are presented net of applicable income taxes, calculated based on each subsidiary’s federal and state tax rates and are adjusted for any permanent differences.
2 The Company presents Net interest income-FTE, Total revenue-FTE, Net interest margin-FTE, Efficiency ratio-FTE, Tangible efficiency ratio-FTE, and Adjusted tangible efficiency ratio-FTE on a fully taxable-equivalent (“FTE”) basis. The FTE basis adjusts for the tax-favored status of Net interest income from certain loans and investments using a federal tax rate of 21% for all periods beginning on or after January 1, 2018 and 35% for all periods prior to January 1, 2018, as well as state income taxes where applicable to increase tax-exempt interest income to a taxable-equivalent basis. The Company believes this measure to be the preferred industry measurement of Net interest income and it enhances comparability of Net interest income arising from taxable and tax-exempt sources. Total revenue-FTE equals Net interest income-FTE plus Noninterest income.
3 The Company presents Return on average tangible common shareholders' equity, which removes the after-tax impact of purchase accounting intangible assets from average common shareholders' equity and removes related intangible asset amortization from Net income available to common shareholders. The Company believes this measure is useful to investors because, by removing the amount of intangible assets and related pre-tax amortization expense (the level of which may vary from company to company), it allows investors to more easily compare the Company’s return on average common shareholders' equity to other companies in the industry. The Company also believes that removing these items provides a more relevant measure of the return on the Company's common shareholders' equity. This measure is utilized by management to assess the profitability of the Company.
4 Efficiency ratio is computed by dividing Noninterest expense by Total revenue. Efficiency ratio-FTE is computed by dividing Noninterest expense by Total revenue-FTE.
5 The Company presents Tangible efficiency ratio-FTE and Adjusted tangible efficiency ratio-FTE, which remove the amortization related to intangible assets and certain tax credits from the calculation of Efficiency ratio-FTE. The Company believes these measures are useful to investors because, by removing the impact of amortization (the level of which may vary from company to company), it allows investors to more easily compare the Company’s efficiency to other companies in the industry. These measures are utilized by management to assess the efficiency of the Company and its lines of business.
6 The Company presents Adjusted tangible efficiency ratio-FTE, which removes the pre-tax impact of Form 8-K and other tax reform-related items from the calculation of Tangible efficiency ratio-FTE. The Company believes this measure is useful to investors because it is more reflective of normalized operations as it reflects results that are primarily client relationship and client transaction driven. Removing these items also allows investors to more easily compare the Company's tangible efficiency to other companies in the industry that may not have had similar items impacting their results. Additional detail on these items can be found in the Form 8-K furnished with the SEC on January 19, 2018.

21

	
																				
SunTrust Banks, Inc. and Subsidiaries
APPENDIX A TO THE EARNINGS RELEASE - RECONCILEMENT OF NON-U.S. GAAP MEASURES, continued  1	
 	 	
 	March 31	 	December 31	 	September 30	 	June 30	 	March 31	
(Dollars in millions, except per share data) (Unaudited)	2018	 	2017	 	2017	 	2017	 	2017	
Total shareholders' equity		$24,269		 		$25,154		 		$24,522		 		$24,477		 		$23,484		
Goodwill, net of deferred taxes of $159 million, $163 million, $254 million, $253 million, and $252 million, respectively	(6,172	)	 	(6,168	)	 	(6,084	)	 	(6,085	)	 	(6,086	)	
Other intangible assets (including residential MSRs and other servicing rights)	(1,996	)	 	(1,791	)	 	(1,706	)	 	(1,689	)	 	(1,729	)	
Residential MSRs and other servicing rights	1,981		 	1,776		 	1,690		 	1,671		 	1,711		
Tangible equity 2	18,082		 	18,971		 	18,422		 	18,374		 	17,380		
Noncontrolling interest	(101	)	 	(103	)	 	(101	)	 	(103	)	 	(101	)	
Preferred stock	(2,025	)	 	(2,475	)	 	(1,975	)	 	(1,975	)	 	(1,225	)	
Tangible common equity 2		$15,956		 		$16,393		 		$16,346		 		$16,296		 		$16,054		
 	 	 	 	 	 	 	 	 	 	
Total assets		$204,885		 		$205,962		 		$208,252		 		$207,223		 		$205,642		
Goodwill	(6,331	)	 	(6,331	)	 	(6,338	)	 	(6,338	)	 	(6,338	)	
Other intangible assets (including residential MSRs and other servicing rights)	(1,996	)	 	(1,791	)	 	(1,706	)	 	(1,689	)	 	(1,729	)	
Residential MSRs and other servicing rights	1,981		 	1,776		 	1,690		 	1,671		 	1,711		
Tangible assets		$198,539		 		$199,616		 		$201,898		 		$200,867		 		$199,286		
Tangible equity to tangible assets 2	9.11	%	 	9.50	%	 	9.12	%	 	9.15	%	 	8.72	%	
Tangible common equity to tangible assets 2	8.04			8.21			8.10			8.11			8.06		
Tangible book value per common share 3		$33.97		 		$34.82		 		$34.34		 		$33.83		 		$33.05		
 	 	 	 	 	 	 	 	 	 	
1 Certain amounts in this schedule are presented net of applicable income taxes, calculated based on each subsidiary’s federal and state tax rates and are adjusted for any permanent differences.
2 The Company presents certain capital information on a tangible basis, including Tangible equity, Tangible common equity, the ratio of Tangible equity to tangible assets, and the ratio of Tangible common equity to tangible assets, which remove the after-tax impact of purchase accounting intangible assets from shareholders' equity. The Company believes these measures are useful to investors because, by removing the amount of intangible assets that result from merger and acquisition activity (the level of which may vary from company to company), it allows investors to more easily compare the Company’s capital adequacy to other companies in the industry. These measures are used by management to analyze capital adequacy.
3 The Company presents Tangible book value per common share, which excludes the after-tax impact of purchase accounting intangible assets and also excludes Noncontrolling interest and Preferred stock from shareholders' equity. The Company believes this measure is useful to investors because, by removing the amount of intangible assets, noncontrolling interest, and preferred stock (the levels of which may vary from company to company), it allows investors to more easily compare the Company’s book value of common stock to other companies in the industry.

22

	
											
SunTrust Banks, Inc. and Subsidiaries
CONSUMER BUSINESS SEGMENT 1	
 	Three Months Ended March 31	 	 	
(Dollars in millions) (Unaudited)	2018	 	2017	 	% Change	
Statements of Income:	 	 	 	 	 	
Net interest income		$961		 		$894		 	7	 %	
FTE adjustment	—		 	—		 	—		
Net interest income-FTE 2	961		 	894		 	7		
Provision for credit losses  3	60		 	88		 	(32	)	
Net interest income-FTE - after provision for credit losses 2	901		 	806		 	12		
Noninterest income before net securities gains/(losses)	443		 	464		 	(5	)	
Net securities gains/(losses)	—		 	—		 	—		
Total noninterest income	443		 	464		 	(5	)	
Noninterest expense before amortization	966		 	991		 	(3	)	
Amortization	—		 	1		 	(100	)	
Total noninterest expense	966		 	992		 	(3	)	
Income-FTE - before provision for income taxes 2	378		 	278		 	36		
Provision for income taxes	83		 	100		 	(17	)	
Tax credit adjustment	—		 	—		 	—		
FTE adjustment	—		 	—		 	—		
Net income including income attributable to noncontrolling interest	295		 	178		 	66		
Less: Net income attributable to noncontrolling interest	—		 	—		 	—		
Net income		$295		 		$178		 	66	 %	
 	 	 	 	 	 	
Total revenue		$1,404		 		$1,358		 	3	 %	
Total revenue-FTE 2	1,404		 	1,358		 	3		
 	 	 	 	 	 	
Selected Average Balances:	 	 	 	 	 	
Total LHFI		$74,093		 		$71,147		 	4	 %	
Goodwill	4,262		 	4,262		 	—		
Other intangible assets excluding residential MSRs	3		 	9		 	(67	)	
Total assets	83,716		 	81,265		 	3		
Consumer and commercial deposits	103,099		 	101,941		 	1		
 	 	 	 	 	 	
Performance Ratios:	 	 	 	 	 	
Efficiency ratio	68.76	 %	 	73.06	 %	 	 	
Impact of FTE adjustment	—		 	—		 	 	
Efficiency ratio-FTE 2	68.76		 	73.06		 	 	
Impact of excluding amortization and associated funding cost of intangible assets	(1.16	)	 	(1.19	)	 	 	
Tangible efficiency ratio-FTE 2, 4	67.60	 %	 	71.87	 %	 	 	

1  	Beginning in the second quarter of 2017, the Company realigned its business segment structure from three segments to two segments based on, among other things, the manner in which financial information is evaluated by management and in conjunction with Company-wide organizational changes that were announced during the first quarter of 2017. Specifically, the Company retained the previous composition of the Wholesale Banking segment and changed the basis of presentation of the Consumer Banking and Private Wealth Management segment and Mortgage Banking segment such that those segments were combined into a single Consumer segment. Accordingly, prior period information has been revised to conform to the new business segment structure and updated internal funds transfer pricing methodology for consistent presentation.	
		
2  	Net interest income-FTE, Income-FTE, Total revenue-FTE, Efficiency ratio-FTE, and Tangible efficiency ratio-FTE are presented on a fully taxable-equivalent (“FTE”) basis. The FTE basis adjusts for the tax-favored status of Net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of Net interest income and it enhances comparability of Net interest income arising from taxable and tax-exempt sources. Total revenue-FTE equals Net interest income on an FTE basis plus Noninterest income.	
		
3  	Provision for credit losses represents net charge-offs by segment combined with an allocation to the segments for the provision attributable to quarterly changes in the Allowance for loan and lease losses and Unfunded commitment reserve balances.	
		
4  	A Tangible efficiency ratio is presented, which excludes the amortization related to intangible assets and certain tax credits. The Company believes this measure is useful to investors because, by removing the impact of amortization (the level of which may vary from company to company), it allows investors to more easily compare this segment's efficiency to other business segments and companies in the industry. This measure is utilized by management to assess the efficiency of the Company and its lines of business.	

23

	
											
SunTrust Banks, Inc. and Subsidiaries
CONSUMER BUSINESS SEGMENT, continued 1	
 	Three Months Ended March 31	 	 	
(Dollars in millions) (Unaudited)	2018	 	2017	 	% Change	
Residential Mortgage Production Data:	 	 	 	 	 	
Channel mix:	 	 	 	 	 	
Retail		$1,700		 		$2,292		 	(26	)%	
Correspondent	3,445		 	3,199		 	8		
Total production		$5,145		 		$5,491		 	(6	)%	
Channel mix - percent:	 	 	 	 	 	
Retail	33	%	 	42	%	 	 	
Correspondent	67		 	58		 	 	
Total production	100	%	 	100	%	 	 	
Purchase and refinance mix:	 	 	 	 	 	
Refinance		$1,884		 		$2,532		 	(26	)%	
Purchase	3,261		 	2,959		 	10		
Total production		$5,145		 		$5,491		 	(6	)%	
Purchase and refinance mix - percent:	 	 	 	 	 	
Refinance	37	%	 	46	%	 	 	
Purchase	63		 	54		 	 	
Total production	100	%	 	100	%	 	 	
Applications		$7,016		 		$7,744		 	(9	)%	
 	 	 	 	 	 	
Residential Mortgage Servicing Data (End of Period):	 	 	 	 	 	
Total unpaid principal balance ("UPB") of residential mortgages serviced		$164,683		 		$164,484		 	—	 %	
Total UPB of residential mortgages serviced for others	135,333		 	135,633		 	—		
Net carrying value of residential MSRs	1,916		 	1,645		 	16		
Ratio of net carrying value of residential MSRs to total UPB of residential mortgages serviced for others	1.416	%	 	1.213	%	 	 	
 	 	 	 	 	 	
Assets Under Administration (End of Period):	 	 	 	 	 	
Trust and institutional managed assets		$43,227		 		$41,623		 	4	 %	
Retail brokerage managed assets	16,276		 	14,039		 	16		
Total managed assets	59,503		 	55,662		 	7		
Non-managed assets	97,387		 	94,357		 	3		
Total assets under advisement		$156,890		 		$150,019		 	5	 %	

1  	Beginning in the second quarter of 2017, the Company realigned its business segment structure from three segments to two segments based on, among other things, the manner in which financial information is evaluated by management and in conjunction with Company-wide organizational changes that were announced during the first quarter of 2017. Specifically, the Company retained the previous composition of the Wholesale Banking segment and changed the basis of presentation of the Consumer Banking and Private Wealth Management segment and Mortgage Banking segment such that those segments were combined into a single Consumer segment. Accordingly, prior period information has been revised to conform to the new business segment structure and updated internal funds transfer pricing methodology for consistent presentation.	

24

	
											
SunTrust Banks, Inc. and Subsidiaries
WHOLESALE BUSINESS SEGMENT	
 	Three Months Ended March 31	 	 	
(Dollars in millions) (Unaudited)	2018	 	  2017  1	 	  % Change 5	
Statements of Income:		 		 	 	
Net interest income		$563		 		$527		 	7	 %	
FTE adjustment	20		 	34		 	(41	)	
Net interest income-FTE 2	583		 	561		 	4		
(Benefit)/provision for credit losses 3	(32	)	 	32		 	NM		
Net interest income-FTE - after (benefit)/provision for credit losses 2	615		 	529		 	16		
Noninterest income before net securities gains/(losses)	371		 	401		 	(7	)	
Net securities gains/(losses)	—		 	—		 	—		
Total noninterest income	371		 	401		 	(7	)	
Noninterest expense before amortization	462		 	466		 	(1	)	
Amortization	15		 	13		 	15		
Total noninterest expense	477		 	479		 	—		
Income-FTE - before provision for income taxes 2	509		 	451		 	13		
Provision for income taxes	72		 	97		 	(26	)	
Tax credit adjustment	27		 	37		 	(27	)	
FTE adjustment	20		 	34		 	(41	)	
Net income including income attributable to noncontrolling interest	390		 	283		 	38		
Less: Net income attributable to noncontrolling interest	—		 	—		 	—		
Net income		$390		 		$283		 	38	 %	
 	 	 	 	 	 	
Total revenue		$934		 		$928		 	1	 %	
Total revenue-FTE 2	954		 	962		 	(1	)	
 	 	 	 	 	 	
Selected Average Balances:	 	 	 	 	 	
Total LHFI		$68,741		 		$71,237		 	(4	)%	
Goodwill	2,069		 	2,076		 	—		
Other intangible assets excluding residential MSRs	77		 	75		 	3		
Total assets	82,472		 	84,632		 	(3	)	
Consumer and commercial deposits	56,050		 	56,866		 	(1	)	
 	 	 	 	 	 	
Performance Ratios:	 	 	 	 	 	
Efficiency ratio	51.04	 %	 	51.62	 %	 	 	
Impact of FTE adjustment	(1.07	)	 	(1.81	)	 	 	
Efficiency ratio-FTE 2	49.97		 	49.81		 	 	
Impact of excluding amortization and associated funding cost of intangible assets	(2.14	)	 	(1.86	)	 	 	
Tangible efficiency ratio-FTE 2, 4	47.83	 %	 	47.95	 %	 	 	

1  	During the fourth quarter of 2017, the Company sold Premium Assignment Corporation ("PAC"), its commercial lines insurance premium finance subsidiary , the results of which were previously reported within the Wholesale business segment. For all periods prior to January 1, 2018, PAC 's financial results, including the gain on sale, have been transferred to Corporate Other for enhanced comparability of the Wholesale business segment excluding PAC.	
		
2  	Net interest income-FTE, Income-FTE, Total revenue-FTE, Efficiency ratio-FTE, and Tangible efficiency ratio-FTE are presented on a fully taxable-equivalent (“FTE”) basis. The FTE basis adjusts for the tax-favored status of Net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of Net interest income and it enhances comparability of Net interest income arising from taxable and tax-exempt sources. Total revenue-FTE equals Net interest income on an FTE basis plus Noninterest income.	
		
3  	(Benefit)/provision for credit losses represents net charge-offs by segment combined with an allocation to the segments for the (benefit)/provision attributable to quarterly changes in the Allowance for loan and lease losses and Unfunded commitment reserve balances.	
		
4  	A Tangible efficiency ratio is presented, which excludes the amortization related to intangible assets and certain tax credits. The Company believes this measure is useful to investors because, by removing the impact of amortization (the level of which may vary from company to company), it allows investors to more easily compare this segment's efficiency to other business segments and companies in the industry. This measure is utilized by management to assess the efficiency of the Company and its lines of business.	
		
5  	“NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.	

25

	
											
SunTrust Banks, Inc. and Subsidiaries
TOTAL CORPORATE OTHER (including Reconciling Items)	
 	Three Months Ended March 31	 	 	
(Dollars in millions) (Unaudited)	2018	 	  2017  1	 	  % Change 5	
Statements of Income:	 	 	 	 	 	
Net interest income/(expense) 2		($83	)	 		($55	)	 	(51	)%	
FTE adjustment	—		 	—		 	—		
Net interest income/(expense)-FTE 3	(83	)	 	(55	)	 	(51	)	
Provision/(benefit) for credit losses 4	—		 	(1	)	 	100		
Net interest income/(expense)-FTE - after provision/(benefit) for credit losses 3	(83	)	 	(54	)	 	(54	)	
Noninterest income/(expense) before net securities gains	(19	)	 	(18	)	 	(6	)	
Net securities gains	1		 	—		 	NM		
Total noninterest income/(expense)	(18	)	 	(18	)	 	—		
Noninterest expense/(income) before amortization	(26	)	 	(5	)	 	NM		
Amortization	—		 	(1	)	 	100		
Total noninterest expense/(income)	(26	)	 	(6	)	 	NM		
Income/(loss)-FTE - before benefit for income taxes 3	(75	)	 	(66	)	 	(14	)	
Benefit for income taxes	(8	)	 	(38	)	 	(79	)	
Tax credit adjustment	(27	)	 	(37	)	 	(27	)	
FTE adjustment	—		 	—		 	—		
Net income/(loss) including income attributable to noncontrolling interest	(40	)	 	9		 	NM		
Less: Net income attributable to noncontrolling interest	2		 	2		 	—		
Net income/(loss)		($42	)	 		$7		 	NM		
 	 	 	 	 	 	
Total revenue		($101	)	 		($73	)	 	(38	)%	
Total revenue-FTE 3	(101	)	 	(73	)	 	(38	)	
 	 	 	 	 	 	
Selected Average Balances:	 	 	 	 	 	
Total LHFI		$86		 		$1,286		 	(93	)%	
Securities available for sale	31,464		 	30,231		 	4		
Goodwill	—		 	—		 	—		
Other intangible assets excluding residential MSRs	—		 	—		 	—		
Total assets	37,944		 	38,355		 	(1	)	
Consumer and commercial deposits	20		 	67		 	(70	)	
 	 	 	 	 	 	
Other Information (End of Period):	 	 	 	 	 	
Duration of securities available for sale portfolio (in years)	4.7		 	4.8		 	 	
Net interest income interest rate sensitivity:	 	 	 	 	 	
% Change in net interest income under:	 	 	 	 	 	
Instantaneous 200 basis point increase in rates over next 12 months	3.1	 %	 	3.2	 %	 	 	
Instantaneous 100 basis point increase in rates over next 12 months	1.7	 %	 	1.8	 %	 	 	
Instantaneous 50 basis point decrease in rates over next 12 months	(1.1	)%	 	(2.0	)%	 	 	

1  	During the fourth quarter of 2017, the Company sold Premium Assignment Corporation ("PAC"), its commercial lines insurance premium finance subsidiary , the results of which were previously reported within the Wholesale business segment. For all periods prior to January 1, 2018, PAC 's financial results, including the gain on sale, have been transferred to Corporate Other for enhanced comparability of the Wholesale business segment excluding PAC.	
		
2  	Net interest income/(expense) is driven by matched funds transfer pricing applied for segment reporting and actual Net interest income.	
		
3  	Net interest income/(expense)-FTE, Income/(loss)-FTE, and Total revenue-FTE are presented on a fully taxable-equivalent (“FTE”) basis. The FTE basis adjusts for the tax-favored status of Net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of Net interest income and it enhances comparability of Net interest income arising from taxable and tax-exempt sources. Total revenue-FTE equals Net interest income on an FTE basis plus Noninterest income.	
		
4  	Provision/(benefit) for credit losses represents net charge-offs by segment combined with an allocation to the segments for the provision/(benefit) attributable to quarterly changes in the Allowance for loan and lease losses and Unfunded commitments reserve balances.	
		
5  	“NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.	

26

SunTrust Banks, Inc. and Subsidiaries
CONSOLIDATED SEGMENT TOTALS

											
 	Three Months Ended March 31	 	 	
(Dollars in millions) (Unaudited)	2018	 	2017	 	  % Change 2	
Statements of Income:	 	 	 	 	 	
Net interest income		$1,441		 		$1,366		 	5	 %	
FTE adjustment	20		 	34		 	(41	)	
Net interest income-FTE 1	1,461		 	1,400		 	4		
Provision for credit losses	28		 	119		 	(76	)	
Net interest income-FTE - after provision for credit losses 1	1,433		 	1,281		 	12		
Noninterest income before net securities gains	795		 	847		 	(6	)	
Net securities gains	1		 	—		 	NM		
Total noninterest income	796		 	847		 	(6	)	
Noninterest expense before amortization	1,402		 	1,452		 	(3	)	
Amortization	15		 	13		 	15		
Total noninterest expense	1,417		 	1,465		 	(3	)	
Income-FTE - before provision for income taxes 1	812		 	663		 	22		
Provision for income taxes	147		 	159		 	(8	)	
Tax credit adjustment	—		 	—		 	—		
FTE adjustment	20		 	34		 	(41	)	
Net income including income attributable to noncontrolling interest	645		 	470		 	37		
Less: Net income attributable to noncontrolling interest	2		 	2		 	—		
Net income		$643		 		$468		 	37	 %	
 	 	 	 	 	 	
Total revenue		$2,237		 		$2,213		 	1	 %	
Total revenue-FTE 1	2,257		 	2,247		 	—		
 	 	 	 	 	 	
Selected Average Balances:	 	 	 	 	 	
Total LHFI		$142,920		 		$143,670		 	(1	)%	
Goodwill	6,331		 	6,338		 	—		
Other intangible assets excluding residential MSRs	80		 	84		 	(5	)	
Total assets	204,132		 	204,252		 	—		
Consumer and commercial deposits	159,169		 	158,874		 	—		
 	 	 	 	 	 	
Performance Ratios:	 	 	 	 	 	
Efficiency ratio	63.35	 %	 	66.20	 %	 	 	
Impact of FTE adjustment	(0.58	)	 	(1.01	)	 	 	
Efficiency ratio-FTE 1	62.77		 	65.19		 	 	
Impact of excluding amortization and associated funding cost of intangible assets	(0.66	)	 	(0.59	)	 	 	
Tangible efficiency ratio-FTE 1	62.11	 %	 	64.60	 %	 	 	
 	 	 	 	 	 	
1 Net interest income-FTE, Income-FTE, Total revenue-FTE, Efficiency ratio-FTE, and Tangible efficiency ratio-FTE are presented on a fully taxable-equivalent (“FTE”) basis. The FTE basis adjusts for the tax-favored status of Net interest income from certain loans and investments. See Appendix A for additional information and reconcilements of non-U.S. GAAP performance measures.
2 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

27

1Q 18 EARNINGS PRESENTATION April 20, 2018 © 2018 SunTrust Banks, Inc. SunTrust is a federally registered trademark of SunTrust Banks, Inc. 

 

2 This presentation should be read in conjunction with the financial statements, notes and other information contained in the Company’s 2017 Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. Non-GAAP Financial Measures This presentation includes non-GAAP financial measures to describe SunTrust’s performance. The reconciliations of those measures to GAAP measures are provided within or in the appendix of this presentation beginning on slide 20. In this presentation, consistent with Securities and Exchange Commission Industry Guide 3, the Company presents total revenue, net interest income, net interest margin, and efficiency ratios on a fully taxable equivalent (“FTE”) and annualized basis. The FTE basis adjusts for the tax-favored status of net interest income from certain loans and investments using applicable federal and state income tax rates to increase tax-exempt interest income to a taxable-equivalent basis. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources. Total revenue-FTE equals net interest income-FTE plus noninterest income. The Company presents the following additional non-GAAP measures because many investors find them useful. Specifically: • The Company presents certain capital information on a tangible basis, including tangible common equity, the ratio of tangible common equity to tangible assets, tangible book value per share, and return on average tangible common equity. These measures exclude the after-tax impact of purchase accounting intangible assets. The Company believes these measures are useful to investors because, by removing the effect of intangible assets that result from merger and acquisition activity (the level of which may vary from company to company), it allows investors to more easily compare the Company’s capital adequacy to other companies in the industry. These measures are used by management to analyze the capital adequacy of the Company. • Similarly, the Company presents Efficiency ratio-FTE, Tangible efficiency ratio-FTE, and Adjusted tangible efficiency ratio-FTE. The efficiency ratio is computed by dividing Noninterest expense by Total revenue. Efficiency ratio-FTE is computed by dividing Noninterest expense by Total revenue-FTE. Tangible efficiency ratio-FTE excludes the amortization related to intangible assets and certain tax credits. The Company believes this measure is useful to investors because, by removing the impact of amortization (the level of which may vary from company to company), it allows investors to more easily compare the Company’s efficiency to other companies in the industry. Adjusted tangible efficiency ratio-FTE removes the pre-tax impact of Form 8-K items announced on December 4, 2017 and the impacts of tax reform-related items from the calculation of Tangible efficiency ratio-FTE. The Company believes this measure is useful to investors because it is more reflective of normalized operations as it reflects results that are primarily client relationship and client transaction driven. These measures are utilized by management to assess the efficiency of the Company and its lines of business. • The Company presents adjusted EPS, adjusted noninterest income and adjusted noninterest expense, which exclude the impact of Form 8-K items announced on December 4, 2017 and the impacts of tax reform-related items. The Company believes these measures are useful to investors because they are more reflective of normalized operations as they reflect results that are primarily business driven. These measures are utilized by management to assess the earnings of the Company and its lines of business. • The Company presents the Basel III Common Equity Tier 1 (CET1) ratio, on a fully phased-in basis on slide 15. For December 31, 2017 and prior, fully-phased-in ratios considered a 250% risk-weighting for MSRs and deduction from capital of certain carryforward DTA, the overfunded pension asset, and other intangible assets. For 3/31/18, the fully-phased-in ratio considers a 250% risk-weighting for MSRs, as contemplated in the FRB’s ‘Simplifications’ NPR. The Company believes this measure is useful to investors who wish to understand the impact of potential future regulatory requirements. Important Cautionary Statement about Forward-Looking Statements This presentation contains forward-looking statements. Statements regarding future levels of net interest margin, efficiency ratio, tangible efficiency ratio, charge-offs and net charge-off ratio, loan loss provision expense, ALLL ratio, capital returns, investment banking-related income, earnings per share, asset quality, credit losses (including hurricane related losses) and deposit betas, and statements regarding future economic growth and investment, commercial banking trends and growth opportunities in Wholesale banking, are forward-looking statements. These statements often include the words “believes,” “expects,” “anticipates,” “estimates,” “intends,” “forecast”, “goals”, “plans,” “targets,” “initiatives,” “opportunity,” “focus”, “potentially,” “probably,” “projects,” “outlook,” or similar expressions or future conditional verbs such as “may,” “will,” “should,” “would,” and “could". Such statements are based upon the current beliefs and expectations of management and on information currently available to management. Such statements speak as of the date hereof, and we do not assume any obligation to update the statements made herein or to update the reasons why actual results could differ from those contained in such statements in light of new information or future events. Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward-looking statements. Factors that could cause actual results to differ materially from those described in the forward-looking statements can be found in Part I, Item 1A., “Risk Factors,” in our Annual Report on Form 10-K for the year ended December 31, 2017 and in other periodic reports that we file with the SEC. Those factors include: current and future legislation and regulation could require us to change our business practices, reduce revenue, impose additional costs, or otherwise adversely affect business operations or competitiveness; we are subject to stringent capital adequacy and liquidity requirements and our failure to meet these would adversely affect our financial condition; the monetary and fiscal policies of the federal government and its agencies could have a material adverse effect on our earnings; our financial results have been, and may continue to be, materially affected by general economic conditions, and a deterioration of economic conditions or of the financial markets may materially adversely affect our lending and other businesses and our financial results and condition; changes in market interest rates or capital markets could adversely affect our revenue and expenses, the value of assets and obligations, and the availability and cost of capital and liquidity; our earnings may be affected by volatility in mortgage production and servicing revenues, and by changes in carrying values of our servicing assets and mortgages held for sale due to changes in interest rates; interest rates on our outstanding financial instruments might be subject to change based on regulatory developments, which could adversely affect our revenue, expenses, and the value of those financial instruments; disruptions in our ability to access global capital markets may adversely affect our capital resources and liquidity; we are subject to credit risk; we may have more credit risk and higher credit losses to the extent that our loans are concentrated by loan type, industry segment, borrower type, or location of the borrower or collateral; we rely on the mortgage secondary market and GSEs for some of our liquidity; loss of customer deposits could increase our funding costs; any reduction in our credit rating could increase the cost of our funding from the capital markets; we are subject to litigation, and our expenses related to this litigation may adversely affect our results; we may incur fines, penalties and other negative consequences from regulatory violations, possibly even inadvertent or unintentional violations; we are subject to certain risks related to originating and selling mortgages, and may be required to repurchase mortgage loans or indemnify mortgage loan purchasers as a result of breaches of representations and warranties, or borrower fraud, and this could harm our liquidity, results of operations, and financial condition; we face risks as a servicer of loans; consumers and small businesses may decide not to use banks to complete their financial transactions, which could affect net income; we have businesses other than banking which subject us to a variety of risks; negative public opinion could damage our reputation and adversely impact business and revenues; we may face more intense scrutiny of our sales, training, and incentive compensation practices; we rely on other companies to provide key components of our business infrastructure; competition in the financial services industry is intense and we could lose business or suffer margin declines as a result; we continually encounter technological change and must effectively develop and implement new technology; maintaining or increasing market share depends on market acceptance and regulatory approval of new products and services; we have in the past and may in the future pursue acquisitions, which could affect costs and from which we may not be able to realize anticipated benefits; we depend on the expertise of key personnel, and if these individuals leave or change their roles without effective replacements, operations may suffer; we may not be able to hire or retain additional qualified personnel and recruiting and compensation costs may increase as a result of turnover, both of which may increase costs and reduce profitability and may adversely impact our ability to implement our business strategies; our framework for managing risks may not be effective in mitigating risk and loss to us; our controls and procedures may not prevent or detect all errors or acts of fraud; we are at risk of increased losses from fraud; our operational and communications systems and infrastructure may fail or may be the subject of a breach or cyber-attack that, if successful, could adversely affect our business and disrupt business continuity; a disruption, breach, or failure in the operational systems and infrastructure of our third party vendors and other service providers, including as a result of cyber-attacks, could adversely affect our business; natural disasters and other catastrophic events could have a material adverse impact on our operations or our financial condition and results; the soundness of other financial institutions could adversely affect us; we depend on the accuracy and completeness of information about clients and counterparties; our accounting policies and processes are critical to how we report our financial condition and results of operation, and they require management to make estimates about matters that are uncertain; depressed market values for our stock and adverse economic conditions sustained over a period of time may require us to write down some portion of our goodwill; our stock price can be volatile; we might not pay dividends on our stock; our ability to receive dividends from our subsidiaries or other investments could affect our liquidity and ability to pay dividends; and certain banking laws and certain provisions of our articles of incorporation may have an anti-takeover effect. IMPORTANT CAUTIONARY STATEMENT 

 

3 1. The efficiency ratio and tangible efficiency ratios are reported on fully taxable-equivalent (“FTE”) basis. Please refer to slide 20 for GAAP reconciliations 1Q 18 EPS OVERVIEW EPS Trends Key Highlights All changes reflect sequential (4Q 17 to 1Q 18) trends, unless otherwise noted Prior Quarter Variance • EPS increased 18% relative to 4Q 17 adjusted EPS driven by: → Lower effective tax rate → Lower provision expense given continued asset quality improvements Prior Year Variance • EPS increased 42% driven by same factors impacting prior quarter variance in addition to: → Improved efficiency (expenses down 3%) → Increased capital returns (average shares down 5%) Profitability • Total revenue (FTE) trends: → Net interest margin improved 7 bps → Core growth in net interest income muted by FTE adjustments → Decline in noninterest income driven by CRE seasonality and lower mortgage production-related income • Solid efficiency performance → Efficiency ratio of 62.8%; tangible efficiency ratio of 62.1%1 Balance Sheet • Period-end loans relatively stable → Decline in average loan balances driven by the sale of Premium Assignment Corporation (PAC) in 4Q 17 Credit & Capital • Strong asset quality performance → NCO ratio: 0.22% (down 7 bps) → NPL ratio: 0.50% (up 3 bps) → ALLL ratio down 2 bps • 9.8% Basel III CET1 ratio (up 11 bps) $0.91 $1.03 $1.06 $1.09 $1.29 $1.48 1Q 17 2Q 17 3Q 17 4Q 17 1Q 18 Reported EPS Adjusted EPS 

 

4 $1,366 $1,403 $1,430 $1,434 $1,441 $1,400 $1,439 $1,467 $1,472 $1,461 3.09% 3.14% 3.15% 3.17% 3.24% 1Q 17 2Q 17 3Q 17 4Q 17 1Q 18 Net Interest Income Net Interest Income (FTE) NIM (FTE) NET INTEREST INCOME1 NIM expansion continues: up 7 bps QoQ and 15 bps YoY Prior Quarter Variance • Net interest margin (FTE) increased 7 bps, driven by: → Increases in short-term interest rates (5 bps) → Fewer days in the quarter (2 bps) • Net interest income (FTE) down $11 million as a result of tax reform (reduced FTE adjustment) and fewer days in the quarter, partially offset by NIM expansion Prior Year Variance • Net interest margin (FTE) increased 15 bps, driven primarily by the same factors impacting prior quarter variance in addition to improved loan mix (faster growing consumer portfolio) • Net interest income (FTE) increased $61 million, or 4%, driven by NIM expansion 1. On this slide, net interest income is reported on an unadjusted and fully taxable-equivalent (“FTE”) basis. The FTE basis adjusts for the tax-favored status of income from certain loans and investments. SunTrust believes this measure to be the preferred industry measurement of net interest income and provides relevant comparison between taxable and non-taxable amounts. Net interest margin (FTE) is calculated as net interest income (FTE) divided by average earning assets (on an annualized basis) 2. Please refer to slide 20 for a reconciliation of net interest income to net interest income (FTE) 2 ($ in millions) 

 

5 NONINTEREST INCOME Prior Quarter Variance • Noninterest income decreased $37 million driven by: → $39 million decline in commercial real estate- related income due to seasonality → $25 million decline in mortgage production- related income due to lower volumes and lower gain on sale margins → Partially offset by $23 million gain related to fintech equity investment (other noninterest income) and $13 million increase in capital markets-related income Prior Year Variance • Noninterest income decreased $51 million driven by: → $45 million decline in capital markets-related income due to lower syndicated and leveraged finance activity given market volatility in 1Q 18 and record performance in 1Q 17 → $21 million decline in mortgage-related income $847 $827 $846 $833 $796 1Q 17 2Q 17 3Q 17 4Q 17 1Q 18 Noninterest income pressured as a result of lower client activity Reported Noninterest Income 4Q 17 Adjusted Noninterest Income $840 ($ in millions) 1. Adjusted noninterest income excludes the impacts of tax reform-related items. Please refer to slide 20 for a reconciliation of reported noninterest income to adjusted noninterest income 1 

 

6 Strong expense management; noninterest expense down 3% YoY NONINTEREST EXPENSE Prior Quarter Variance • Expenses up 1% relative to 4Q 17 adjusted expenses → Core employee compensation and benefits increased $75 million (primarily seasonal) → Largely offset by continued efficiency progress and below-average operating losses → $10 million net benefit from progression of certain legal matters Prior Year Variance • Noninterest expense down 3% → Driven by lower operating losses and ongoing efficiency initiatives ($ in millions) Reported Noninterest Expense 4Q 17 Adjusted Noninterest Expense $111 $1,465 $1,388 $1,391 $1,409 $1,417 1Q 17 2Q 17 3Q 17 4Q 17 1Q 18 $1,520 1. Adjusted noninterest expense excludes the impacts of items announced in the December 4, 2017 Form 8-K and tax reform-related items. Please refer to slide 20 for a reconciliation of reported noninterest expense to adjusted noninterest expense 1 

 

7 71.5% 66.9% 65.3% 63.3% 62.6% 62.0% 61.0% 60%- 61% <60% 72.0% 67.4% 65.6% 63.7% 63.1% 62.6% 61.9% 2011 2012 2013 2014 2015 2016 2017 2018 TER Goal 2019 TER Goal 64.6% 60.6% 59.2% 59.9% 62.1% 65.2% 61.2% 60.1% 60.9% 62.8% 1Q 17 2Q 17 3Q 17 4Q 17 1Q 18  Meaningful YoY improvement in efficiency (1Q 17 to 1Q 18)  On track to achieve 2018 and 2019 goals 1. The efficiency ratio and tangible efficiency ratios are reported on fully taxable-equivalent (“FTE”) basis. The FTE basis adjusts net interest income for the tax-favored status of income from certain loans and investments. Unadjusted net interest income can be found on slide 4 2. 2012, 2013, 2014, 4Q 17, and 2017 values represent the adjusted efficiency ratio and adjusted tangible efficiency ratio. Adjusted figures are intended to provide management and investors information on trends that are more comparable across periods and potentially more comparable across institutions. Please refer to slide 20 for reconciliations related to the GAAP efficiency ratio EFFICIENCY RATIO & TANGIBLE EFFICIENCY RATIO1 Efficiency Ratio (FTE) Tangible Efficiency Ratio (FTE) 2 2 2 Annual Trend 5-Quarter Trend 2 2 

 

8 CREDIT QUALITY Overall asset quality continues to be very strong ($ in millions)  NPLs increased modestly, driven by hurricane-related forbearance  NCO ratio remains well below historical averages Nonperforming Loans Net Charge-offs $789 $754 $697 $674 $712 0.55% 0.52% 0.48% 0.47% 0.50% 1Q 17 2Q 17 3Q 17 4Q 17 1Q 18 NPLs Total NPL Ratio $112 $70 $78 $107 $79 0.32% 0.20% 0.21% 0.29% 0.22% 1Q 17 2Q 17 3Q 17 4Q 17 1Q 18 NCOs Total NCO Ratio (annualized) Provision for Credit Losses $119 $90 $120 $79 $28 1Q 17 2Q 17 3Q 17 4Q 17 1Q 18  Provision decline driven by lower NCOs and lower ALLL Allowance for Loan and Lease Losses $1,714 $1,731 $1,772 $1,735 $1,694 1.20% 1.20% 1.23% 1.21% 1.19% 1Q 17 2Q 17 3Q 17 4Q 17 1Q 18 ALLL ALLL Ratio  Reduced hurricane reserves and continued asset quality improvements drive decline in ALLL ratio 

 

9 $78.2 $78.4 $77.4 $76.4 $75.2 $38.3 $38.1 $38.3 $38.2 $38.0 $26.3 $27.2 $28.2 $28.7 $29.0 $142.8 $143.7 $144.0 $143.4 $142.2 1Q 17 2Q 17 3Q 17 4Q 17 1Q 18 Commercial Residential Consumer BALANCE SHEET ($ in billions, average balances) 1. Compared to change in average Fed Funds effective rate Note: Totals may not foot due to rounding $54.9 $54.2 $53.3 $52.0 $50.5 $43.1 $43.6 $43.8 $44.1 $42.3 $44.7 $44.4 $44.6 $46.2 $46.6 $9.7 $10.2 $11.2 $11.9 $13.1 $6.4 $6.6 $6.5 $6.5 $6.6 $158.9 $159.1 $159.4 $160.7 $159.2 1Q 17 2Q 17 3Q 17 4Q 17 1Q 18 Money Market DDA (Nonint bearing) NOW Time Savings Prior Quarter Variance • Average performing loans down 1% driven by the sale of PAC, partially offset by growth in Consumer → PAC sale closed on December 1st and included $1.3 billion of C&I loan balances (impacted 4Q 17 average balances by ~$800 million) Prior Year Variance • Average performing loans stable as growth in Consumer was offset by declines in C&I (partially impacted by PAC sale) and home equity Prior Quarter Variance • Average client deposits down 1%: growth in time deposits offset by seasonal decline in DDA and lower money market balances • Interest-bearing deposit costs up 5 bps; reflects 20% beta1 Prior Year Variance • Average client deposits stable: growth in consumer checking and CDs, offset by lower money market balances Average Performing Loans Average Deposits ($ in billions) 

 

10 CAPITAL POSITION Total Equity & Tangible Common Equity Ratios2 Basel III Common Equity Tier 11 Book Value / Tangible Book Value Per Share3 1. Current quarter amounts are estimated at the time of the earnings release and subject to revision 2. Please refer to slide 21 for a reconcilement of total equity to tangible common equity and total assets to tangible assets 3. Please refer to slide 21 for a reconcilement of book value per share to tangible book value per share 11.6% 11.8% 11.9% 12.1% 12.1% 8.1% 8.1% 8.1% 8.2% 8.0% 1Q 17 2Q 17 3Q 17 4Q 17 1Q 18 Avg. Equity/Avg. Assets Tangible Common Equity/Tangible Assets $45.62 $46.51 $47.16 $47.94 $47.14 $33.05 $33.83 $34.34 $34.82 $33.97 1Q 17 2Q 17 3Q 17 4Q 17 1Q 18 Book Value Per Share Tangible Book Value Per Share $16.8 $17.0 $17.0 $17.1 $17.4 9.7% 9.7% 9.6% 9.7% 9.8% 0 0 0 0 0 0 0 1Q 17 2Q 17 3Q 17 4Q 17 1Q 18 Basel III CET1 ratio ($ in billions, except per-share data) 

 

11 CONSUMER SEGMENT HIGHLIGHTS Key Highlights • Solid loan growth continues (up 4% YoY) which improves the Company’s overall loan mix → When combined with wider deposit spreads (due to low betas), net interest income increased 7% YoY → Loan growth driven by LightStream, Credit Card, and partnership with GreenSky → Announced new third party partnership with Microf in April, enhances home improvement financing opportunity set • Noninterest income trends → Wealth management momentum improving (AUM up 7% YoY) → Mortgage production pressured by lower volumes and reduced gain on sale margins • Credit environment remains strong → Improved outlook for hurricane-related losses • Making core efficiency progress → Branch closure and severance charges taken in 2017 will help drive efficiency progress in 2018 → Branches down 6% YoY → Mobile deposits up 18% • Continue to invest in digital capabilities → Introduced new digital mortgage application, SmartGUIDE, in 1Q 18 1. Please refer to page 23 of the earnings press release for a reconciliation of efficiency ratio to tangible efficiency ratio ($ in millions) 1Q 17 4Q 17 1Q 18 %Δ Prior Qtr %Δ Prior Yr Net Interest Income $894 $952 $961 1 % 7 % Noninterest Income 464 473 443 (6)% (5)% Total Revenue 1,358 1,425 1,404 (1)% 3 % Provision for Credit Losses 88 69 60 (13)% (32)% Noninterest Expense 992 1,014 966 (5)% (3)% Net Income $178 $219 $295 35 % 66 % Key Statistics ($ in billions) Total Loans (average) $71.1 $73.8 $74.1 0 % 4 % Client Deposits (average) $101.9 $102.9 $103.1 0 % 1 % Managed Assets $55.7 $58.9 $59.5 1 % 7 % Full-Service Branches 1,316 1,268 1,236 (3)% (6)% Efficiency Ratio 73.1% 71.2% 68.8% Tangible Efficiency Ratio¹ 71.9% 70.0% 67.6% Mortgage Data: Servicing Portfolio for Others $135.6 $136.1 $135.3 (1)% (0)% Production Volume $5.5 $6.3 $5.1 (18)% (6)% 

 

12 WHOLESALE SEGMENT HIGHLIGHTS Note: NM = not meaningful 1. Please refer to page 25 of the earnings press release for a reconciliation of efficiency ratio to tangible efficiency ratio Key Highlights • Net interest income up 4% YoY, primarily due to net interest margin expansion → Loan balance reductions concentrated in larger client segments (e.g. CIB, REIT, Institutional CRE), partially offset by growth in Commercial Banking → NIM expansion aided by low deposit betas • Noninterest income trends mixed → Seasonal decline in commercial real estate related income partially offset by investment banking → Much of sequential growth in investment banking driven by revenue from non-CIB clients: reflection of strategy and OneTeam approach • Credit environment remains very strong → 1Q 18 provision benefit driven by continued strength in credit quality and lower reserves for anticipated hurricane-related losses → 1Q 18 Wholesale NCO ratio: 3 bps ($ in millions) 1Q 17 4Q 17 1Q 18 %Δ Prior Qtr %Δ Prior Yr Net Interest Income (FTE) $561 $608 $583 (4)% 4 % Noninterest Income 401 410 371 (10)% (7)% Total Revenue (FTE) 962 1,018 954 (6)% (1)% Provision/(Benefit) for Credit Losses 32 7 (32) NM NM Noninterest Expense 479 467 477 2 % (0)% Net Income $283 $342 $390 14 % 38 % Key Statistics ($ in billions) Total Loans (average) $71.2 $69.3 $68.7 (1)% (4)% Client Deposits (average) $56.9 $57.8 $56.1 (3)% (1)% Efficiency Ratio (FTE)¹ 49.8% 45.9% 50.0% Tangible Efficiency Ratio (FTE)¹ 48.0% 42.9% 47.8% 

 

13 EXECUTING AGAINST OUR STRATEGIES: WELL POSITIONED FOR FUTURE SUCCESS • Favorable operating environment, ongoing efficiency initiatives, and strong credit quality drive strong financial results → NIM: 3.24% | 15 bp YoY improvement → Tangible efficiency ratio: 62.1%2 | 250 bp YoY improvement → ROTCE: 15.6%3| 430 bp YoY improvement → EPS: $1.29| 42% YoY improvement Improving Efficiency & Returns • Repurchased $330 million of common stock in 1Q 18 → 5% YoY decline in average common shares outstanding • 9.8% Basel III CET1 ratio (up 16 bps YoY) → Strong capital position provides opportunity to further increase dividends and share buybacks Strong Capital Position • Revenue and balance sheet trends remain stable as a result of diverse business mix → Favorable trends in net interest income (up 4%) offset declines in capital markets and mortgage, which were pressured due to lower client activity in 1Q 18 → Solid growth in consumer lending offset reductions in C&I and CRE • Committed to ongoing investments in growth → Expanded industry expertise within Commercial Banking by adding Aging Services vertical → Ongoing technology investments: mobile deposits +18%, new FinTech lending partnership, and introduced SmartGUIDE (new digital mortgage application) Strong & Diverse Franchise; Investing in Growth Investment Thesis 1Q 18 Accomplishments1 1. Figures refer to the YoY change of 1Q 17 vs. 1Q 18 unless otherwise noted 2. Efficiency ratio (FTE) was 62.8% for 1Q 18. Please refer to slide 20 for GAAP reconciliations 3. Reported ROE is 11.2%. Please refer to page 21 of the earnings press release for GAAP reconciliations 

 

APPENDIX 

 

15 5-QUARTER FINANCIAL HIGHLIGHTS 1. Please refer to slide 5 of the 4Q 17 earnings presentation for the GAAP reconciliations 2. Please refer to slide 20 for the GAAP reconciliations 3. Please refer to page 21 of the earnings press release for GAAP reconciliations 4. For 12/31/17 and prior, fully-phased-in ratios considered a 250% risk-weighting for MSRs and deduction from capital of certain carryforward DTA, the overfunded pension asset, and other intangible assets. For 3/31/18, the fully-phased-in ratio considers a 250% risk-weighting for MSRs, as contemplated in the FRB’s ‘Simplifications’ NPR 5. Please refer to slide 21 for a reconcilement to book value per share 1Q 17 2Q 17 3Q 17 4Q 17 1Q 18 EPS (diluted) $0.91 $1.03 $1.06 $1.48 $1.29 Adjusted EPS (diluted)1 $0.91 $1.03 $1.06 $1.09 $1.29 Efficiency Ratio (FTE) 65.2% 61.2% 60.1% 65.9% 62.8% Tangible Efficiency Ratio (FTE)2 64.6% 60.6% 59.2% 64.8% 62.1% Adjusted Tangible Efficiency Ratio (FTE)2 64.6% 60.6% 59.2% 59.9% 62.1% Net Interest Margin (FTE) 3.09% 3.14% 3.15% 3.17% 3.24% Return on Average Assets 0.93% 1.03% 1.04% 1.43% 1.28% Return on Average Common Equity 8.2% 9.1% 9.0% 12.5% 11.2% Return on Average Tangible Common Equity3 11.3% 12.5% 12.5% 17.2% 15.6% Average Performing Loans ($ in billions) $142.8 $143.7 $144.0 $143.4 $142.2 Average Client Deposits ($ in billions) $158.9 $159.1 $159.4 $160.7 $159.2 NPL Ratio 0.55% 0.52% 0.48% 0.47% 0.50% NCO Ratio 0.32% 0.20% 0.21% 0.29% 0.22% ALLL Ratio 1.20% 1.20% 1.23% 1.21% 1.19% Basel III Common Equity Tier 1 Ratio (transitional) 9.7% 9.7% 9.6% 9.7% 9.8% Basel III Common Equity Tier 1 Ratio (fully phased-in)4 9.5% 9.5% 9.5% 9.6% 9.7% Book Value Per Share $45.62 $46.51 $47.16 $47.94 $47.14 Tangible Book Value Per Share5 $33.05 $33.83 $34.34 $34.82 $33.97 Balance Sheet Credit & Capital Profitability 

 

16 30-89 DAY DELINQUENCIES BY LOAN CLASS 1. Excludes delinquencies on federally guaranteed mortgages 2. Excludes delinquencies on federally guaranteed student loans 3. Excludes delinquencies on federally guaranteed mortgages and student loans 4. Excludes mortgage loans guaranteed by GNMA that SunTrust has the option, but not the obligation, to repurchase Note: Totals may not foot due to rounding ($ in millions) Memo: 30-89 Accruing Delinquencies 1Q 17 2Q 17 3Q 17 4Q 17 1Q 18 1Q 18 Loan Balance Commercial & industrial 0.05% 0.05% 0.08% 0.06% 0.05% $66,321 Commercial real estate 0.03% 0.04% 0.02% 0.00% 0.03% $5,352 Commercial construction 0.00% 0.00% 0.00% 0.00% 0.00% $3,651 Total Commercial Loans 0.04% 0.05% 0.07% 0.06% 0.05% $75,324 Residential mortgages – guaranteed - - - - - $611 Residential mortgages – nonguaranteed 0.26% 0.21% 0.27% 0.55% 0.24% $27,165 Home equity products 0.63% 0.66% 0.85% 0.71% 0.65% $10,241 Residential construction 0.33% 0.30% 0.28% 2.33% 0.11% $256 Guaranteed student loans - - - - - $6,693 Other direct 0.39% 0.36% 0.44% 0.42% 0.39% $8,941 Indirect 0.83% 0.83% 1.09% 0.91% 0.71% $11,869 Credit cards 0.74% 0.75% 0.89% 0.83% 0.89% $1,518 Total Consumer Loans¹,² 0.47% 0.45% 0.58% 0.65% 0.44% $67,294 Total SunTrust - excl. gov.-guaranteed delinquencies³ 0.22% 0.22% 0.29% 0.32% 0.22% $135,314 Impact of excluding gov.-guaranteed delinquencies 0.50% 0.44% 0.42% 0.48% 0.46% $7,304 Total SunTrust - incl. gov.-guaranteed delinquencies4 0.72% 0.66% 0.71% 0.80% 0.68% $142,618 

 

17 NONPERFORMING LOANS BY LOAN CLASS Note: Totals may not foot due to rounding Memo: Nonperforming Loans ($ in millions) 1Q 17 2Q 17 3Q 17 4Q 17 1Q 18 1Q 18 Loan Balance Commercial & industrial $328 $304 $292 $215 $216 $66,321 Commercial real estate 6 5 5 24 46 $5,352 Commercial construction 18 16 1 1 - $3,651 Total Commercial Loans $352 $325 $298 $240 $262 $75,324 Residential mortgages – guaranteed - - - - - $611 Residential mortgages - nonguaranteed 179 181 161 206 253 $27,165 Home equity products 237 226 214 203 169 $10,241 Residential construction 12 12 11 11 16 $256 Guaranteed student loans - - - - - $6,693 Other direct 5 5 6 7 8 $8,941 Indirect 4 5 7 7 4 $11,869 Credit cards - - - - - $1,518 Total Consumer Loans $437 $429 $399 $434 $450 $67,294 Total SunTrust $789 $754 $697 $674 $712 $142,618 NPLs / Total Loans 0.55% 0.52% 0.48% 0.47% 0.50% ($ in millions) 

 

18 NET CHARGE-OFF RATIOS BY LOAN CLASS Note: Totals may not foot due to rounding ($ in millions) Memo: Net Charge-off Ratio (annualized) 1Q 17 2Q 17 3Q 17 4Q 17 1Q 18 1Q 18 Loan Balance Commercial & industrial 0.29 % 0.10 % 0.09 % 0.22 % 0.08 % $66,321 Commercial real estate (0.02)% 0.00 % 0.44 % (0.01)% 0.28 % $5,352 Commercial construction (0.02)% 0.10 % (0.01)% (0.01)% (0.02)% $3,651 Total Commercial Loans 0.26 % 0.10 % 0.11 % 0.19 % 0.09 % $75,324 Residential mortgages – guaranteed - - - - - $611 Residential mortgages – nonguaranteed 0.17 % 0.14 % 0.14 % 0.20 % 0.14 % $27,165 Home equity products 0.35 % 0.20 % 0.15 % 0.19 % 0.10 % $10,241 Residential construction (0.34)% 0.84 % 1.63 % 3.39 % 0.69 % $256 Guaranteed student loans - - - - - $6,693 Other direct 0.61 % 0.70 % 0.70 % 0.81 % 0.82 % $8,941 Indirect 0.78 % 0.45 % 0.59 % 0.66 % 0.67 % $11,869 Credit cards 2.61 % 2.77 % 2.55 % 2.77 % 3.21 % $1,518 Total Consumer Loans 0.39 % 0.32 % 0.33 % 0.41 % 0.37 % $67,294 Total SunTrust 0.32 % 0.20 % 0.21 % 0.29 % 0.22 % $142,618 

 

19 NET CHARGE-OFFS BY LOAN CLASS Memo: Net Charge-offs ($ in millions) 1Q 17 2Q 17 3Q 17 4Q 17 1Q 18 1Q 18 Loan Balance Commercial & industrial $50 $18 $16 $37 $13 $66,321 Commercial real estate - - 6 - 4 $5,352 Commercial construction - 1 - - - $3,651 Total Commercial Loans $50 $19 $22 $37 $17 $75,324 Residential mortgages – guaranteed - - - - - $611 Residential mortgages – nonguaranteed 10 9 9 14 9 $27,165 Home equity products 10 5 5 5 3 $10,241 Residential construction - 1 1 3 - $256 Guaranteed student loans - - - - - $6,693 Other direct 12 14 15 18 18 $8,941 Indirect 21 13 18 20 20 $11,869 Credit cards 9 9 8 10 12 $1,518 Total Consumer Loans $62 $51 $56 $70 $62 $67,294 Total SunTrust $112 $70 $78 $107 $79 $142,618 ($ in millions) Note: Totals may not foot due to rounding 

 

20 1Q 17 2Q 17 3Q 17 4Q 17 1Q 18 2011 2012 2013 2014 2015 2016 2017 Reported (GAAP) Basis Net Interest Income 1,366 1,403 1,430 1,434 1,441 5,065 5,102 4,853 4,840 4,764 5,221 5,633 Noninterest Income 847 827 846 833 796 3,421 5,373 3,214 3,323 3,268 3,383 3,354 Revenue 2,213 2,230 2,276 2,267 2,237 8,486 10,475 8,067 8,163 8,032 8,604 8,987 Noninterest Expense¹ 1,465 1,388 1,391 1,520 1,417 6,194 6,284 5,831 5,543 5,160 5,468 5,764 Efficiency Ratio 66.2% 62.2% 61.1% 67.0% 63.3% 73.0% 60.0% 72.3% 67.9% 64.2% 63.6% 64.1% Reconciliation: Net Interest Income 1,366 1,403 1,430 1,434 1,441 5,065 5,102 4,853 4,840 4,764 5,221 5,633 FTE Adjustment 34 36 37 38 20 114 123 127 142 142 138 145 Net Interest Income-FTE 1,400 1,439 1,467 1,472 1,461 5,179 5,225 4,980 4,982 4,906 5,359 5,778 Noninterest Income 847 827 846 833 796 3,421 5,373 3,214 3,323 3,268 3,383 3,354 Revenue-FTE 2,247 2,266 2,313 2,305 2,257 8,600 10,598 8,194 8,305 8,174 8,742 9,132 Efficiency Ratio-FTE 65.2% 61.2% 60.1% 65.9% 62.8% 72.0% 59.3% 71.2% 66.7% 63.1% 62.6% 63.1% Adjustment Items (Noninterest Income): 3Q-4Q 12 student / Ginnie Mae loan sale (losses) (92) Securities gain related to the sale of Coca Cola stock 1,938 Pre-tax mortgage repurchase provision related to loans sold to GSEs prior to 2009 (371) GSE mortgage repurchase settlements (63) RidgeWorth sale 105 Premium Assignment Corporation sale 107 107 Securities & MSR losses in connection with tax reform-related actions (114) (114) Adjusted Noninterest Income 847 827 846 840 796 3,421 3,898 3,277 3,218 3,268 3,383 3,361 Adjusted Revenue-FTE² 2,247 2,266 2,313 2,313 2,257 8,600 9,123 8,257 8,200 8,174 8,742 9,139 Noninterest Expense¹ 1,465 1,388 1,391 1,520 1,417 6,194 6,284 5,831 5,543 5,160 5,468 5,764 Adjustment Items (Noninterest Expense): Legacy affordable housing impairment 96 Charitable contribution of KO shares 38 Impact of certain legacy mortgage legal matters 323 324 Mortgage servicing advances allowance increase 96 Potential mortgage servicing settlement & claims expense Efficiency related charges as outlined in 12/4/17 8-K 36 36 Contribution to communities / teammates in connection with tax-reform 75 75 Adjusted Noninterest Expense² 1,465 1,388 1,391 1,409 1,417 6,194 6,150 5,412 5,219 5,160 5,468 5,653 Amortization Expense 13 15 22 25 15 43 46 23 25 40 49 77 Adjusted Tangible Expenses² 1,452 1,373 1,369 1,384 1,402 6,151 6,104 5,389 5,194 5,120 5,419 5,576 Adjusted Efficiency Ratio-FTE³ 65.2% 61.2% 60.1% 60.9% 62.8% 72.0% 67.4% 65.6% 63.7% 63.1% 62.6% 61.9% Adjusted Tangible Efficiency Ratio-FTE³ 64.6% 60.6% 59.2% 59.9% 62.1% 71.5% 66.9% 65.3% 63.3% 62.6% 62.0% 61.0% RECONCILIATION: ADJUSTED EFFICIENCY RATIO (FTE) & ADJUSTED TANGIBLE EFFICIENCY RATIO (FTE) 1. In accordance with updated GAAP, amortization of affordable housing investments of $40 million, $39 million, and $49 million were reclassified and are now presented in provision for income taxes for 2011, 2012, and 2013, respectively. Previously, the amortization was presented in other noninterest expense 2. Adjusted revenue and expenses are provided as they remove certain items that are material and potentially non-recurring. Adjusted figures are intended to provide management and investors information on trends that are more comparable across periods and potentially more comparable across institutions 3. Represents adjusted noninterest expense / adjusted revenue–FTE. Adjusted tangible efficiency ratio excludes amortization expense, the impact of which is (0.59%), (0.65%), (0.95%), (1.08%), (0.66%), (0.50%), (0.50%), (0.28%), (0.30%), (0.49%), (0.56%), and (0.82%) for 1Q 17, 2Q 17, 3Q 17, 4Q 17, 1Q 18, 2011, 2012, 2013, 2014, 2015, 2016, and 2017, respectively 

 

21 RECONCILIATION: OTHER NON-GAAP MEASURES Note: Totals may not foot due to rounding 1Q 17 2Q 17 3Q 17 4Q 17 1Q 18 Total Shareholders' Equity $23.5 $24.5 $24.5 $25.2 $24.3 Goodwill, Net of Deferred Taxes (6.1) (6.1) (6.1) (6.2) (6.2) Other Intangible Assets Including MSRs, Net of Deferred Taxes (1.7) (1.7) (1.7) (1.8) (2.0) MSRs 1.7 1.7 1.7 1.8 2.0 Tangible Equity $17.4 $18.4 $18.4 $19.0 $18.1 Noncontrolling Interest (0.1) (0.1) (0.1) (0.1) (0.1) Preferred Stock (1.2) (2.0) (2.0) (2.5) (2.0) Tangible Common Equity $16.1 $16.3 $16.3 $16.4 $16.0 Total Assets 205.6 207.2 208.3 206.0 204.9 Goodwill (6.3) (6.3) (6.3) (6.3) (6.3) Other Intangible Assets Including MSRs, Net of Deferred Taxes (1.7) (1.7) (1.7) (1.8) (2.0) MSRs 1.7 1.7 1.7 1.8 2.0 Tangible Assets $199.3 $200.9 $201.9 $199.6 $198.5 Average Equity / Average Assets 11.6% 11.8% 11.9% 12.1% 12.1% Total Equity / Total Assets 11.4% 11.8% 11.8% 12.2% 11.8% Tangible Equity / Tangible Assets 8.7% 9.2% 9.1% 9.5% 9.1% Tangible Common Equity / Tangible Assets 8.1% 8.1% 8.1% 8.2% 8.0% Book Value Per Common Share $45.62 $46.51 $47.16 $47.94 $47.14 Tangible Book Value Per Common Share $33.05 $33.83 $34.34 $34.82 $33.97 ($ in billions, except per-share data)