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):	 	October 20, 2017	

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 October 20, 2017 , SunTrust Banks, Inc. (the “Registrant”) announced financial results for the period ended September 30, 2017 . 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 October 20, 2017 , 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 October 20, 2017 (furnished with the Commission as a part of this Form 8-K).	

		
99.2	Presentation slides dated October 20, 2017 (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:	October 20, 2017	 	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
October 20 , 2017

SunTrust Reports Third Quarter 2017 Results
Solid Revenue Growth, Improved Efficiency & Returns, and Higher Capital Returns
Result in Strong 16% Year-over-Year EPS Growth

ATLANTA -- SunTrust Banks, Inc. (NYSE: STI) reported net income available to common shareholders of $512 million , or $1.06 per average common diluted share. This compares to $1.03 for the prior quarter and $0.91 for the third quarter of 2016 .

Earnings per share increased 3% compared to the prior quarter and 16% compared to the third quarter of 2016 . For the first nine months of 2017 , earnings per share grew 11% compared to the same period a year ago.

“Our third quarter performance provides further validation of our successful execution against the Company's strategies and purpose-oriented culture.  Our Wholesale segment delivered another record quarter, evidence that our differentiated value proposition continues to resonate with clients .  Our Consumer segment delivered strong loan growth and provided significant help to our clients in the wake of the recent catastrophic hurricanes in our markets,” said William H. Rogers, Jr., chairman and CEO of SunTrust Banks, Inc. “Our opportunity set remains robust and I am confident in our ability to deliver further growth for our clients, communities, teammates, and ultimately, our owners.”

1

Third Quarter 2017 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 35% marginal federal tax rate and 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 22 and 23 .)

Income Statement

•	Net income available to common shareholders was $512 million , or $1.06 per average common diluted share, compared to $1.03 for the prior quarter and $0.91 for the third quarter of 2016 .	

•	Total revenue increased 2% compared to the prior quarter and 4% compared to the third quarter of 2016 .	

◦	These increases were primarily driven by higher net interest income and strong investment banking performance.	

•	Net interest margin was 3.15% in the current quarter, up 1 basis point sequentially and up 19 basis points compared to the prior year, driven by higher earning asset yields arising from higher benchmark interest rates and continued positive mix shift in the loans held for investment ("LHFI") portfolio.	

•	Provision for credit losses increased $30 million sequentially and $23 million year-over-year due to anticipated losses from recent hurricanes.	

•	Noninterest expense was stable sequentially and year-over-year. The current quarter's noninterest expense level included accrual reversals related to the resolution of several legal matters which were mostly offset by charges related to ongoing efficiency initiatives.	

•	The efficiency and tangible efficiency ratios in the current quarter were 60.1% and 59.2% , respectively, which represent improvements compared to both the prior quarter and prior year, driven primarily by ongoing expense management initiatives and solid revenue growth.	

Balance Sheet

•	Average performing LHFI were stable sequentially and grew 2% year-over-year, driven primarily by growth in consumer lending.	

•	Average consumer and commercial deposits increase d modest ly compared to the prior quarter and 3% compared to the third quarter of 2016 , driven largely by growth in NOW and time deposit account balances.	

Capital

•	Estimated capital ratios continue to be well above regulatory requirements. The Common Equity Tier 1 ("CET1") ratio was estimated to be 9.6% as of September 30, 2017 , and 9.5% on a fully phased-in basis, generally stable compared to the prior quarter.	

•	During the quarter, the Company repurchased $330 million of its outstanding common stock in accordance with its 2017 Capital Plan and increased its quarterly common stock dividend by 54% , from $0.26 per share in the prior quarter to $0.40 per share.	

•	Book value per common share was $47.16 and tangible book value per common share was $34.34 , up 1% and 2% , respectively, from June 30, 2017 , driven primarily by growth in retained earnings.	

Asset Quality

•	Nonperforming loans ("NPLs") decreased $57 million from the prior quarter and represented 0.48% of period-end LHFI at September 30, 2017 . The sequential decrease was driven primarily by continued improvements in the energy and residential portfolios.	

•	Net charge-offs for the current quarter were $78 million , or 0.21% of total average LHFI on an annualized basis, up $8 million sequentially and down $48 million year-over-year. The year-over-year reduction was driven by overall asset quality improvements and lower energy-related charge-offs.	

•	The provision for credit losses increase d $30 million sequentially driven by anticipated losses from recent hurricanes.	

•	At September 30, 2017 , the allowance for loan and lease losses ("ALLL") to period-end LHFI ratio was 1.23% , a 3 basis point increase compared to the prior quarter.	

2

	

 	 	 	 	 	 	 	 	 	 	
Income Statement (Dollars in millions, except per share data)	3Q 2017	 	2Q 2017	 	1Q 2017	 	4Q 2016	 	3Q 2016	
Net interest income	$1,430	 	$1,403	 	$1,366	 	$1,343	 	$1,308	
Net interest income-FTE 2	1,467	 	1,439	 	1,400	 	1,377	 	1,342	
Net interest margin	3.07	%	 	3.06	%	 	3.02	%	 	2.93	%	 	2.88	%	
Net interest margin-FTE 2	3.15		 	3.14		 	3.09		 	3.00		 	2.96		
Noninterest income	$846	 	$827	 	$847	 	$815	 	$889	
Total revenue	2,276		 	2,230		 	2,213		 	2,158		 	2,197		
Total revenue-FTE 2	2,313		 	2,266		 	2,247		 	2,192		 	2,231		
Noninterest expense	1,391		 	1,388		 	1,465		 	1,397		 	1,409		
Provision for credit losses	120		 	90		 	119		 	101		 	97		
Net income available to common shareholders	512		 	505		 	451		 	448		 	457		
Earnings per average common diluted share	1.06		 	1.03		 	0.91		 	0.90		 	0.91		
 	 	 	 	 	 	 	 	 	 	
Balance Sheet   (Dollars in billions)	 	 	 	 	 	 	 	 	 	
Average LHFI		$144.7		 		$144.4		 		$143.7		 		$142.6		 		$142.3		
Average consumer and commercial deposits	159.4		 	159.1		 	158.9		 	158.0		 	155.3		
 	 	 	 	 	 	 	 	 	 	
Capital	 	 	 	 	 	 	 	 	 	
Capital ratios at period end 1  :	 	 	 	 	 	 	 	 	 	
Tier 1 capital (transitional)	10.74	%	 	10.81	%	 	10.40	%	 	10.28	%	 	10.50	%	
Common Equity Tier 1 ("CET1") (transitional)	9.62		 	9.68		 	9.69		 	9.59		 	9.78		
Common Equity Tier 1 ("CET1") (fully phased-in) 2	9.48		 	9.53		 	9.54		 	9.43		 	9.66		
Total average shareholders’ equity to total average assets	11.94		 	11.80		 	11.59		 	11.84		 	12.12		
 	 	 	 	 	 	 	 	 	 	
Asset Quality	 	 	 	 	 	 	 	 	 	
Net charge-offs to total average LHFI (annualized)	0.21	%	 	0.20	%	 	0.32	%	 	0.38	%	 	0.35	%	
ALLL to period-end LHFI 3	1.23		 	1.20		 	1.20		 	1.19		 	1.23		
NPLs to period-end LHFI	0.48		 	0.52		 	0.55		 	0.59		 	0.67		
1 Current period Tier 1 capital and CET1 ratios are estimated as of the date of this news release.
2 See Appendix A on pages 22 and 23 for non-U.S. GAAP reconciliations and additional information.
3 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.

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, an increase of $47 million compared to the prior quarter. Net interest income increased $28 million sequentially due to a higher net interest margin, one additional day in the third quarter, and growth in average earning assets. Noninterest income increase d $19 million sequentially, driven primarily by higher capital markets and mortgage-related income, offset partially by lower client transaction-related fees and commercial real estate related income. Compared to the third quarter of 2016 , total revenue increased $82 million , or 4% , driven by a $125 million increase in net interest income, which was partially offset by a $43 million decrease in total noninterest income due to lower mortgage-related income.
Net Interest Income
Net interest income was $1.5 billion for the current quarter, an increase of $28 million compared to the prior quarter due primarily to higher earning asset yields, one additional day in the third quarter, and growth in average earning assets. Compared to the prior year, the $125 million increase was driven primarily by higher earning asset yields and growth in average earning assets.

3

Net interest margin for the current quarter was 3.15% , compared to 3.14% in the prior quarter and 2.96% in the third quarter of 2016 . The 19 basis point increase relative to the prior year was driven primarily by higher earning asset yields arising from higher benchmark interest rates, lower premium amortization in the securities portfolio, and continued positive mix shift in the LHFI portfolio, partially offset by higher rates paid on interest-bearing liabilities.
For the nine months ended September 30 , 2017 , net interest income was $4.3 billion , a $324 million increase compared to the first nine months of 2016 . The net interest margin was 3.13% for the first nine months of 2017 , a 14 basis point increase compared to the same period in 2016 . The increases in both net interest income and net interest margin were driven by the same factors that impacted the prior year comparison discussed above.
Noninterest Income
Noninterest income was $846 million for the current quarter, compared to $827 million for the prior quarter and $889 million for the third quarter of 2016 . The $19 million sequential increase was due primarily to higher capital markets and mortgage-related income, offset partially by lower client transaction-related fees and commercial real estate related income. Compared to the third quarter of 2016 , noninterest income decrease d $43 million driven by reduced mortgage-related income, partially offset by higher investment banking income.
Investment banking income was $166 million for the current quarter, compared to $147 million in both the prior quarter and prior year. The $19 million increase compared to both periods was due to strong deal flow activity across most product categories, particularly equity offerings, M&A advisory, and syndicated finance.
Trading income was $51 million for the current quarter, compared to $46 million in the prior quarter and $65 million in the third quarter of 2016 . The sequential increase was due to higher client-related interest rate hedging activity during the current quarter. The decrease compared to the third quarter of 2016 was driven by lower client trading activity and higher counterparty credit valuation reserves during the current quarter.
Mortgage production income for the current quarter was $61 million , compared to $56 million for the prior quarter and $118 million for the third quarter of 2016 . The $5 million sequential increase was due to higher gain-on-sale margins. The $57 million decrease from the third quarter of 2016 was due to less refinancing activity and lower gain-on-sale margins. Mortgage application volume decreased 7% sequentially and 35% compared to the third quarter of 2016 . Closed loan volume decreased 4% sequentially and 27% compared to the third quarter of 2016 .
Mortgage servicing income was $46 million for the current quarter, compared to $44 million in the prior quarter and $49 million in the third quarter of 2016 . The $2 million sequential increase was due to higher net hedge performance, offset partially by higher servicing asset decay. The $3 million decrease compared to the third quarter of 2016 was due to lower net hedge performance and higher servicing asset decay in the current quarter, offset partially by higher servicing fees. At September 30, 2017 and 2016 , the servicing portfolio totaled $165.3 billion and $154.0 billion , respectively, and was $165.6 billion at June 30, 2017 .
Retail investment services income was $69 million for the current quarter, compared to $70 million in the prior quarter and $71 million in the third quarter of 2016 . The decrease compared to both prior periods was due primarily to reduced client transaction activity, partially offset by higher assets under management.
Trust and investment management income was $79 million for the current quarter, compared to $76 million for the prior quarter and $80 million for the third quarter of 2016 . The $3 million sequential increase was primarily related to seasonally higher trust fees in the current quarter.
Client transaction-related fees (namely service charges on deposits, other charges and fees, and card fees) decreased $9 million sequentially due largely to higher bridge and commitment fees recognized in the prior quarter. Compared to the third quarter of 2016 , client transaction-related fees decreased $6 million due to the impact of the enhanced posting order process instituted during the fourth quarter of 2016.

4

Commercial real estate related income was $17 million for the current quarter, compared to $24 million for the prior quarter and $8 million for the third quarter of 2016 . The $7 million sequential decrease was due to lower production volume from Pillar & Cohen Financial ("Pillar") and lower structured real estate-related income. The $9 million increase compared to the third quarter of 2016 was attributable to revenue from Pillar, which the Company acquired in December 2016.
Other noninterest income was $25 million for the current quarter, compared to $22 million in the prior quarter and $13 million in the third quarter of 2016 . The $3 million sequential increase was due primarily to investment income recognized in the current quarter. The $12 million increase compared to the prior year was due primarily to certain asset-related impairment charges recognized in the prior year.
For the nine months ended September 30 , 2017 , noninterest income was $2.5 billion , a decrease of $49 million compared to the first nine months of 2016 as higher capital markets and commercial real estate related income were offset by lower mortgage-related income and other noninterest income as well as reduced service charges on deposit accounts.
Noninterest Expense
Noninterest expense was $1.4 billion in the current quarter, representing a sequential increase of $3 million and a decrease of $18 million compared to the third quarter of 2016 . The sequential increase was driven primarily by higher severance costs, software writedowns, and personnel costs, offset by the favorable resolution of several legal matters during the current quarter. The decrease relative to the prior year was driven primarily by aforementioned legal accrual reversals and reduced outside processing and software costs, offset partially by higher employee compensation costs and higher other noninterest expense (which was driven by elevated severance costs and software writedowns).
Employee compensation and benefits expense was $806 million in the current quarter, compared to $796 million in the prior quarter and $773 million in the third quarter of 2016 . The sequential increase of $10 million was due to higher incentive compensation related to improved business performance, offset partially by a decline in FICA taxes and 401(k) costs. The $33 million increase compared to the third quarter of 2016 was due primarily to incremental compensation costs associated with improved business performance and the acquisition of Pillar.
Operating (gains)/losses were ($34) million in the current quarter, compared to $19 million in the prior quarter and $35 million in the third quarter of 2016 . The decrease relative to both periods was driven by the favorable resolution of several legal matters, which aggregated to $58 million, during the current quarter.
Outside processing and software expense was $203 million in the current quarter, compared to $204 million in the prior quarter and $225 million in the third quarter of 2016 . The decrease compared to the third quarter of 2016 was driven primarily by lower transaction volume, efficiencies generated with third party providers, and insourcing of certain activities, partially offset by higher software related investments .
Marketing and customer development expense was $45 million in the current quarter, compared to $42 million in the prior quarter and $38 million in the third quarter of 2016 . The increase relative to both prior periods was driven by normal variability in advertising and client development costs.
Amortization expense increased $7 million sequentially, primarily due to an increase in amortizable community development investments. These investments generate tax credits which reduce the provision for income taxes over time.
Other noninterest expense was $168 million in the current quarter, compared to $126 million in the prior quarter and $140 million in the third quarter of 2016 . The increase compared to both prior periods was due primarily to higher severance costs and software writedowns recognized in the current quarter (both of which are associated with ongoing efficiency initiatives).

5

For the nine months ended September 30 , 2017 , noninterest expense was $4.2 billion compared to $4.1 billion for the first nine months of 2016 . The $171 million increase was driven largely by higher employee compensation expense (primarily related to higher revenue and the acquisition of Pillar), net occupancy costs (in part due to the reduction of amortized gains), other noninterest expense (related to higher severance costs and the aforementioned software writedowns in the current quarter), and higher FDIC premiums. These increases were offset partially by the aforementioned favorable resolution of several legal matters and lower outside processing costs.
Income Taxes
For the current quarter, the Company recorded an income tax provision of $225 million , compared to $222 million for the prior quarter and $215 million for the third quarter of 2016 . The effective tax rate for the current quarter was 29% , compared to 30% in the prior quarter and 31% in the third quarter of 2016 .

Balance Sheet
At September 30, 2017 , the Company had total assets of $208.3 billion and total shareholders’ equity of $24.5 billion , representing 12% of total assets. Book value per common share was $47.16 and tangible book value per common share was $34.34 , up 1% and 2% , respectively, compared to June 30, 2017 , driven primarily by growth in retained earnings.
Loans
Average performing LHFI were $144.0 billion for the current quarter, relatively stable compared to the prior quarter and a 2% increase over the third quarter of 2016 . The year-over-year growth was driven primarily by increases in consumer lending, offset partially by declines in home equity products and C&I loans.
Deposits
Average consumer and commercial deposits for the current quarter were $159.4 billion , a modest increase over the prior quarter and a 3% increase over the third quarter of 2016 . The sequential growth was due largely to a 10% increase in time deposits, offset partially by declines in both money market and savings account balances. The year-over-year growth was driven primarily by increases in NOW and time deposit account balances.
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 9.6% at September 30, 2017 , and 9.5% on a fully phased-in basis. The ratios of average total equity to average total assets and tangible common equity to tangible assets were 11.9% and 8.1% , respectively, at September 30 , 2017 . 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 in the third quarter of 2017 , a 54% increase from the prior quarter. Additionally, the Company repurchased $330 million of its outstanding common stock in the third quarter of 2017 , and the Company expects to repurchase approximately $1 billion of additional common stock over the next three quarters in accordance with its 2017 Capital Plan.

6

Asset Quality
Total nonperforming assets ("NPAs") were $792 million at September 30, 2017 , down $29 million compared to the prior quarter and $227 million compared to the third quarter of 2016 . The decrease in NPAs compared to both the prior quarter and the prior year was primarily driven by continued improvements in the energy and residential portfolios. The ratio of NPLs to period-end LHFI was 0.48% , 0.52% , and 0.67% at September 30 , 2017 , June 30 , 2017 , and September 30 , 2016 , respectively.
Net charge-offs were $78 million during the current quarter, an increase of $8 million compared to the prior quarter and a decrease of $48 million compared to the third quarter of 2016 . The modest sequential increase was driven by higher net charge-offs associated with CRE and consumer indirect, 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 0.21% during the current quarter, compared to 0.20% during the prior quarter and 0.35% during the third quarter of 2016 . The provision for credit losses was $120 million in the current quarter, an increase of $30 million compared to the prior quarter and $23 million compared to the third quarter of 2016 , in response to anticipated losses from the recent hurricanes.
At September 30 , 2017 , the ALLL was $1.8 billion , which represented 1.23% of period-end loans, a 3 basis point increase relative to June 30 , 2017 .
Early stage delinquencies increased 5 basis points from the prior quarter to 0.71% at September 30 , 2017 . Excluding government-guaranteed loans which account for 0.42% , early stage delinquencies were 0.29% , up 7 basis points compared to the prior quarter and up 4 basis points from a year ago, primarily resulting from impacts associated with the recent hurricanes.

7

OTHER INFORMATION

About SunTrust Banks, Inc.
SunTrust Banks, Inc. is a purpose-driven company dedicated to Lighting the Way to Financial Well-Being for the people, businesses, and communities it serves. 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  September 30, 2017 , SunTrust had total assets of  $208 billion  and total deposits of  $163 billion . The Company provides deposit, credit, trust, investment, mortgage, asset management, securities brokerage, and capital market services. SunTrust leads onUp, a national movement inspiring Americans to build financial confidence. Join the movement at onUp.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. In the second quarter of 2017, the Company realigned its business segment structure from three segments to two segments in conjunction with the 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. In conjunction with this business segment structure realignment, the Company made certain adjustments to its internal funds transfer pricing methodology. Information for periods prior to the second quarter of 2017 was revised to conform to the new business segment structure and the updated internal funds transfer pricing methodology.
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 Corporate Other segment also includes 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 October 20 , 2017 , at 8:00 a.m. (Eastern Time) to discuss the earnings results and business trends. Individuals may call in beginning at 7:45 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 October 20 , 2017 , and will remain available until November 20, 2017 , by dialing 1-800-475-6701 (domestic) or 1-320-365-3844 (international) (Passcode: 430305). 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 October 20 , 2017 , listeners may access an archived version of the webcast in the “Events & Presentations” section of the investor relations website. This webcast will be archived and available for one year.

8

Non-GAAP Financial Measures
This news release includes non-GAAP financial measures to describe SunTrust’s performance. The reconciliations of those measures to GAAP measures are provided in the appendix to this news release beginning at page 22 .
In this news release, 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”) 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 35% and 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.
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 the capital adequacy and profitability of the Company.	
		
•	Similarly, the Company presents an efficiency ratio-FTE and a 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. The 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. This measure is utilized by management to assess the efficiency 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. The fully phased-in ratio considers a 250% risk-weighting for MSRs and deduction from capital of certain carryforward DTAs, the overfunded pension asset, and other intangible assets. The Company believes this measure is useful to investors who wish to understand the Company's current compliance with future regulatory requirements.	
Important Cautionary Statement About Forward-Looking Statements
This news release contains forward-looking statements. Statements regarding potential future share repurchases and the provision for income taxes 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 the future in their discretion. Also, future share repurchases and the timing of any such repurchase 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, 2016 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 September 30	 	%	 	Nine Months Ended September 30	 	%	
	2017		2016	 	 Change	 	2017		2016	 	 Change	
EARNINGS & DIVIDENDS	 		 	 	 	 	 		 	 	 	
Net income		$538		 		$474		 	14	 %	 		$1,533		 		$1,413		 	8	 %	
Net income available to common shareholders	512		 	457		 	12		 	1,468		 	1,363		 	8		
Total revenue	2,276		 	2,197		 	4		 	6,719		 	6,446		 	4		
Total revenue-FTE  1	2,313		 	2,231		 	4		 	6,826		 	6,551		 	4		
Net income per average common share:	 	 	 	 	 	 	 	 	 	 	 	
Diluted		$1.06				$0.91		 	16	 %	 		$3.00				$2.70		 	11	 %	
Basic	1.07			0.92		 	16		 	3.04			2.72		 	12		
Dividends paid per common share	0.40			0.26		 	54		 	0.92			0.74		 	24		
CONDENSED BALANCE SHEETS	 	 	 	 	 	 	 	 	 	 	 	
Selected Average Balances:	 	 	 	 	 	 	 	 	 	 	 	
Total assets		$205,738				$201,476		 	2	 %	 		$204,833				$197,613		 	4	 %	
Earning assets	184,861			180,523		 	2		 	184,180			177,600		 	4		
Loans held for investment ("LHFI")	144,706			142,257		 	2		 	144,276			140,628		 	3		
Intangible assets including mortgage servicing rights ("MSRs")	8,009			7,415		 	8		 	8,019			7,509		 	7		
MSRs	1,589			1,065		 	49		 	1,599			1,157		 	38		
Consumer and commercial deposits	159,419			155,313		 	3		 	159,145			152,911		 	4		
Total shareholders’ equity	24,573			24,410		 	1		 	24,131			24,076		 	—		
Preferred stock	1,975			1,225		 	61		 	1,643			1,225		 	34		
Period End Balances:	 	 	 	 	 	 	 	 	 	 	 	
Total assets	 	 	 	 	 	 		$208,252				$205,091		 	2	 %	
Earning assets	 	 	 	 	 	 	185,071			181,341		 	2		
LHFI	 	 	 	 	 	 	144,264			141,532		 	2		
Allowance for loan and lease losses ("ALLL")	 	 	 	 	 	 	1,772			1,743		 	2		
Consumer and commercial deposits	 	 	 	 	 	 	161,778			157,592		 	3		
Total shareholders’ equity	 	 	 	 	 	 	24,522			24,449		 	—		
FINANCIAL RATIOS & OTHER DATA	 	 	 	 	 	 	 	 	 	 	 	
Return on average total assets	1.04	%		0.94	%	 	11	 %	 	1.00	%		0.96	%	 	4	 %	
Return on average common shareholders’ equity	9.03			7.89		 	14		 	8.77			8.01		 	9		
Return on average tangible common shareholders' equity 1	12.45			10.73		 	16		 	12.09			10.96		 	10		
Net interest margin	3.07			2.88		 	7		 	3.05			2.92		 	4		
Net interest margin-FTE  1	3.15		 	2.96		 	6		 	3.13		 	2.99		 	5		
Efficiency ratio	61.12		 	64.13		 	(5	)	 	63.16		 	63.17		 	—		
Efficiency ratio-FTE  1	60.14			63.14		 	(5	)	 	62.17			62.16		 	—		
Tangible efficiency ratio-FTE  1	59.21			62.54		 	(5	)	 	61.44			61.63		 	—		
Effective tax rate  	29			31		 	(6	)	 	28			30		 	(7	)	
Basel III capital ratios at period end (transitional) 2 :	 	 	 	 	 	 	 	 	 	 	 	
Common Equity Tier 1 ("CET1")	 	 	 	 	 	 	9.62	%	 	9.78	%	 	(2	)%	
Tier 1 capital	 	 	 	 	 	 	10.74		 	10.50		 	2		
Total capital	 	 	 	 	 	 	12.69		 	12.57		 	1		
Leverage	 	 	 	 	 	 	9.50		 	9.28		 	2		
Basel III fully phased-in CET1 ratio 1, 2	 	 	 	 	 	 	9.48		 	9.66		 	(2	)	
Total average shareholders’ equity to total average assets	11.94	%		12.12	%	 	(1	)%	 	11.78			12.18		 	(3	)	
Tangible equity to tangible assets  1	 	 	 	 	 	 	9.12			9.23		 	(1	)	
Tangible common equity to tangible assets 1	 	 	 	 	 	 	8.10		 	8.57		 	(5	)	
Book value per common share	 	 	 	 	 	 		$47.16				$46.63		 	1		
Tangible book value per common share  1	 	 	 	 	 	 	34.34			34.33		 	—		
Market capitalization	 	 	 	 	 	 	28,451			21,722		 	31		
Average common shares outstanding:	 	 	 	 	 	 	 	 	 	 	 	
Diluted	483,640			500,885		 	(3	)	 	489,176			505,619		 	(3	)	
Basic	478,258			496,304		 	(4	)	 	483,711			501,036		 	(3	)	
Full-time equivalent employees	 	 	 	 	 	 	24,215			23,854		 	2		
Number of ATMs	 	 	 	 	 	 	2,108			2,163		 	(3	)	
Full service banking offices	 	 	 	 	 	 	1,275			1,369		 	(7	)	

1  	See Appendix A for additional information and reconcilements of non-U.S. GAAP performance measures.	
		
2  	Current period capital ratios are estimated as of the earnings release date.	

10

SunTrust Banks, Inc. and Subsidiaries
FIVE QUARTER FINANCIAL HIGHLIGHTS

																				
 	Three Months Ended	
 	September 30	 	June 30	 	March 31	 	December 31	 	September 30	
(Dollars in millions and shares in thousands, except per share data) (Unaudited)	2017	 	2017	 	2017	 	2016	 	2016	
EARNINGS & DIVIDENDS	 	 	 	 	 	 	 	 	 	
Net income		$538		 		$528		 		$468		 		$465		 		$474		
Net income available to common shareholders	512		 	505		 	451		 	448		 	457		
Total revenue	2,276		 	2,230		 	2,213		 	2,158		 	2,197		
Total revenue-FTE 1	2,313		 	2,266		 	2,247		 	2,192		 	2,231		
Net income per average common share:	 	 	 	 	 	 	 	 	 	
Diluted		$1.06		 		$1.03		 		$0.91		 		$0.90		 		$0.91		
Basic	1.07		 	1.05		 	0.92		 	0.91		 	0.92		
Dividends paid per common share	0.40		 	0.26		 	0.26		 	0.26		 	0.26		
CONDENSED BALANCE SHEETS	 	 	 	 	 	 	 	 	 	
Selected Average Balances:	 	 	 	 	 	 	 	 	 	
Total assets		$205,738		 		$204,494		 		$204,252		 		$203,146		 		$201,476		
Earning assets	184,861		 	184,057		 	183,606		 	182,475		 	180,523		
LHFI	144,706		 	144,440		 	143,670		 	142,578		 	142,257		
Intangible assets including MSRs	8,009		 	8,024		 	8,026		 	7,654		 	7,415		
MSRs	1,589		 	1,603		 	1,604		 	1,291		 	1,065		
Consumer and commercial deposits	159,419		 	159,136		 	158,874		 	157,996		 	155,313		
Total shareholders’ equity	24,573		 	24,139		 	23,671		 	24,044		 	24,410		
Preferred stock	1,975		 	1,720		 	1,225		 	1,225		 	1,225		
Period End Balances:	 	 	 	 	 	 	 	 	 	
Total assets		$208,252		 		$207,223		 		$205,642		 		$204,875		 		$205,091		
Earning assets	185,071		 	184,518		 	183,279		 	184,610		 	181,341		
LHFI	144,264		 	144,268		 	143,529		 	143,298		 	141,532		
ALLL	1,772		 	1,731		 	1,714		 	1,709		 	1,743		
Consumer and commercial deposits	161,778		 	158,319		 	161,531		 	158,864		 	157,592		
Total shareholders’ equity	24,522		 	24,477		 	23,484		 	23,618		 	24,449		
FINANCIAL RATIOS & OTHER DATA	 	 	 	 	 	 	 	 	 	
Return on average total assets	1.04	%	 	1.03	%	 	0.93	%	 	0.91	%	 	0.94	%	
Return on average common shareholders’ equity	9.03		 	9.08		 	8.19		 	7.85		 	7.89		
Return on average tangible common shareholders' equity 1	12.45		 	12.51		 	11.28		 	10.76		 	10.73		
Net interest margin	3.07		 	3.06		 	3.02		 	2.93		 	2.88		
Net interest margin-FTE  1	3.15		 	3.14		 	3.09		 	3.00		 	2.96		
Efficiency ratio	61.12		 	62.24		 	66.20		 	64.74		 	64.13		
Efficiency ratio-FTE 1	60.14		 	61.24		 	65.19		 	63.73		 	63.14		
Tangible efficiency ratio-FTE 1	59.21		 	60.59		 	64.60		 	63.08		 	62.54		
Effective tax rate	29		 	30		 	25		 	29		 	31		
Basel III capital ratios at period end (transitional) 2 :	 	 	 	 	 	 	 	 	 	
CET1	9.62	%	 	9.68	%	 	9.69	%	 	9.59	%	 	9.78	%	
Tier 1 capital	10.74		 	10.81		 	10.40		 	10.28		 	10.50		
Total capital	12.69		 	12.75		 	12.37		 	12.26		 	12.57		
Leverage	9.50		 	9.55		 	9.08		 	9.22		 	9.28		
Basel III fully phased-in CET1 ratio 1, 2	9.48		 	9.53		 	9.54		 	9.43		 	9.66		
Total average shareholders’ equity to total average assets	11.94		 	11.80		 	11.59		 	11.84		 	12.12		
Tangible equity to tangible assets  1	9.12		 	9.15		 	8.72		 	8.82		 	9.23		
Tangible common equity to tangible assets 1	8.10		 	8.11		 	8.06		 	8.15		 	8.57		
Book value per common share		$47.16		 		$46.51		 		$45.62		 		$45.38		 		$46.63		
Tangible book value per common share  1	34.34		 	33.83		 	33.05		 	32.95		 	34.33		
Market capitalization	28,451		 	27,319		 	26,860		 	26,942		 	21,722		
Average common shares outstanding:	 	 	 	 	 	 	 	 	 	
Diluted	483,640		 	488,020		 	496,002		 	497,055		 	500,885		
Basic	478,258		 	482,913		 	490,091		 	491,497		 	496,304		
Full-time equivalent employees	24,215		 	24,278		 	24,215		 	24,375		 	23,854		
Number of ATMs	2,108		 	2,104		 	2,132		 	2,165		 	2,163		
Full service banking offices	1,275		 	1,281		 	1,316		 	1,367		 	1,369		

1  	See Appendix A for additional information and reconcilements of non-U.S. GAAP performance measures.	
		
2  	Current period capital ratios are estimated as of the earnings release date.	

11

SunTrust Banks, Inc. and Subsidiaries
CONSOLIDATED STATEMENTS OF INCOME

																														
 	Three Months Ended	 	Increase/(Decrease)	 	Nine Months Ended	 	Increase/(Decrease)	
(Dollars in millions and shares in thousands, except per share data) (Unaudited)	September 30	 			September 30	 		
	2017		2016	 	Amount	 	  % 3	 	2017		2016	 	Amount	 	%	
Interest income		$1,635				$1,451		 		$184		 	13	 %	 		$4,747				$4,285		 		$462		 	11	 %	
Interest expense	205			143		 	62		 	43		 	548			408		 	140		 	34		
NET INTEREST INCOME	1,430			1,308		 	122		 	9		 	4,199			3,877		 	322		 	8		
Provision for credit losses	120			97		 	23		 	24		 	330			343		 	(13	)	 	(4	)	
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	1,310			1,211		 	99		 	8		 	3,869			3,534		 	335		 	9		
NONINTEREST INCOME	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Service charges on deposit accounts	154		 	162		 	(8	)	 	(5	)	 	453			477		 	(24	)	 	(5	)	
Other charges and fees	92		 	93		 	(1	)	 	(1	)	 	291			290		 	1		 	—		
Card fees	86		 	83		 	3		 	4		 	255			243		 	12		 	5		
Investment banking income	166		 	147		 	19		 	13		 	480			372		 	108		 	29		
Trading income	51		 	65		 	(14	)	 	(22	)	 	148			154		 	(6	)	 	(4	)	
Trust and investment management income	79		 	80		 	(1	)	 	(1	)	 	229		 	230		 	(1	)	 	—		
Retail investment services	69		 	71		 	(2	)	 	(3	)	 	208		 	212		 	(4	)	 	(2	)	
Mortgage production related income	61		 	118		 	(57	)	 	(48	)	 	170			288		 	(118	)	 	(41	)	
Mortgage servicing related income	46		 	49		 	(3	)	 	(6	)	 	148			164		 	(16	)	 	(10	)	
Commercial real estate related income 1	17		 	8		 	9		 	NM		 	61		 	36		 	25		 	69		
Net securities gains	—		 	—		 	—		 	—		 	1			4		 	(3	)	 	(75	)	
Other noninterest income 1	25		 	13		 	12		 	92		 	76			99		 	(23	)	 	(23	)	
Total noninterest income	846			889		 	(43	)	 	(5	)	 	2,520			2,569		 	(49	)	 	(2	)	
NONINTEREST EXPENSE	 	 	 	 	 	 	 	 	 		 	 	 	 	 	
Employee compensation and benefits	806		 	773		 	33		 	4		 	2,454			2,309		 	145		 	6		
Outside processing and software	203		 	225		 	(22	)	 	(10	)	 	612			626		 	(14	)	 	(2	)	
Net occupancy expense	94		 	93		 	1		 	1		 	280			256		 	24		 	9		
Equipment expense	40		 	44		 	(4	)	 	(9	)	 	123		 	126		 	(3	)	 	(2	)	
Regulatory assessments	47		 	47		 	—		 	—		 	143		 	127		 	16		 	13		
Marketing and customer development	45		 	38		 	7		 	18		 	129			120		 	9		 	8		
Operating (gains)/losses	(34	)	 	35		 	(69	)	 	NM		 	17			85		 	(68	)	 	(80	)	
Amortization	22		 	14		 	8		 	57		 	49		 	35		 	14		 	40		
Other noninterest expense	168		 	140		 	28		 	20		 	436			388		 	48		 	12		
Total noninterest expense	1,391			1,409		 	(18	)	 	(1	)	 	4,243			4,072		 	171		 	4		
INCOME BEFORE PROVISION FOR INCOME TAXES	765			691		 	74		 	11		 	2,146			2,031		 	115		 	6		
Provision for income taxes	225			215		 	10		 	5		 	606			611		 	(5	)	 	(1	)	
NET INCOME INCLUDING INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	540			476		 	64		 	13		 	1,540			1,420		 	120		 	8		
Net income attributable to noncontrolling interest	2			2		 	—		 	—		 	7			7		 	—		 	—		
NET INCOME		$538				$474		 		$64		 	14	 %	 		$1,533				$1,413		 		$120		 	8	 %	
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS		$512				$457		 		$55		 	12	 %	 		$1,468				$1,363		 		$105		 	8	 %	
Net interest income-FTE  2	1,467			1,342		 	125		 	9		 	4,306			3,982		 	324		 	8		
Total revenue	2,276		 	2,197		 	79		 	4		 	6,719		 	6,446		 	273		 	4		
Total revenue-FTE 2	2,313		 	2,231		 	82		 	4		 	6,826		 	6,551		 	275		 	4		
Net income per average common share:	 	 	 	 		 		 	 	 	 	 	 	 	 	
Diluted	1.06			0.91		 	0.15		 	16		 	3.00			2.70		 	0.30		 	11		
Basic	1.07			0.92		 	0.15		 	16		 	3.04			2.72		 	0.32		 	12		
Cash dividends paid per common share	0.40			0.26		 	0.14		 	54		 	0.92			0.74		 	0.18		 	24		
Average common shares outstanding:	 	 	 	 		 		 	 	 	 	 	 	 	 	
Diluted	483,640			500,885		 	(17,245	)	 	(3	)	 	489,176			505,619		 	(16,443	)	 	(3	)	
Basic	478,258			496,304		 	(18,046	)	 	(4	)	 	483,711			501,036		 	(17,325	)	 	(3	)	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
1 Beginning January 1, 2017, the Company began presenting income related to the Company's Pillar & Cohen Financial, Community Capital, and Structured Real Estate businesses as a separate line item on the Consolidated Statements of Income titled Commercial real estate related income. For periods prior to January 1, 2017, these amounts were previously presented in Other noninterest income and have been reclassified to Commercial real estate related income for comparability.
2 See Appendix A for additional information and reconcilements of non-U.S. GAAP measures to the related U.S.GAAP measures.
3 “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)	September 30	 	June 30	 	Increase/(Decrease)	 	March 31	 	December 31	 	September 30	
	2017	 	2017	 	Amount	 	  % 3	 	2017	 	2016	 	2016	
Interest income		$1,635		 		$1,583		 		$52		 	3	 %	 		$1,528		 		$1,492		 		$1,451		
Interest expense	205		 	180		 	25		 	14		 	162		 	149		 	143		
NET INTEREST INCOME	1,430		 	1,403		 	27		 	2		 	1,366		 	1,343		 	1,308		
Provision for credit losses	120		 	90		 	30		 	33		 	119		 	101		 	97		
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	1,310		 	1,313		 	(3	)	 	—		 	1,247		 	1,242		 	1,211		
NONINTEREST INCOME	 	 	 	 	 	 	 	 	 	 	 	 	 	
Service charges on deposit accounts	154		 	151		 	3		 	2		 	148		 	154		 	162		
Other charges and fees	92		 	103		 	(11	)	 	(11	)	 	95		 	90		 	93		
Card fees	86		 	87		 	(1	)	 	(1	)	 	82		 	84		 	83		
Investment banking income	166		 	147		 	19		 	13		 	167		 	122		 	147		
Trading income	51		 	46		 	5		 	11		 	51		 	58		 	65		
Trust and investment management income	79		 	76		 	3		 	4		 	75		 	73		 	80		
Retail investment services	69		 	70		 	(1	)	 	(1	)	 	68		 	69		 	71		
Mortgage production related income	61		 	56		 	5		 	9		 	53		 	78		 	118		
Mortgage servicing related income	46		 	44		 	2		 	5		 	58		 	25		 	49		
Commercial real estate related income 1	17		 	24		 	(7	)	 	(29	)	 	20		 	33		 	8		
Net securities gains	—		 	1		 	(1	)	 	(100	)	 	—		 	—		 	—		
Other noninterest income 1	25		 	22		 	3		 	14		 	30		 	29		 	13		
Total noninterest income	846		 	827		 	19		 	2		 	847		 	815		 	889		
NONINTEREST EXPENSE	 	 	 	 	 	 	 	 	 	 	 	 	 	
Employee compensation and benefits	806		 	796		 	10		 	1		 	852		 	762		 	773		
Outside processing and software	203		 	204		 	(1	)	 	—		 	205		 	209		 	225		
Net occupancy expense	94		 	94		 	—		 	—		 	92		 	94		 	93		
Equipment expense	40		 	43		 	(3	)	 	(7	)	 	39		 	43		 	44		
Regulatory assessments	47		 	49		 	(2	)	 	(4	)	 	48		 	46		 	47		
Marketing and customer development	45		 	42		 	3		 	7		 	42		 	52		 	38		
Operating (gains)/losses	(34	)	 	19		 	(53	)	 	NM		 	32		 	23		 	35		
Amortization	22		 	15		 	7		 	47		 	13		 	14		 	14		
Other noninterest expense	168		 	126		 	42		 	33		 	142		 	154		 	140		
Total noninterest expense	1,391		 	1,388		 	3		 	—		 	1,465		 	1,397		 	1,409		
INCOME BEFORE PROVISION FOR INCOME TAXES	765		 	752		 	13		 	2		 	629		 	660		 	691		
Provision for income taxes	225		 	222		 	3		 	1		 	159		 	193		 	215		
NET INCOME INCLUDING INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	540		 	530		 	10		 	2		 	470		 	467		 	476		
Net income attributable to noncontrolling interest	2		 	2		 	—		 	—		 	2		 	2		 	2		
NET INCOME		$538		 		$528		 		$10		 	2	 %	 		$468		 		$465		 		$474		
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS		$512		 		$505		 		$7		 	1	 %	 		$451		 		$448		 		$457		
Net interest income-FTE  2	1,467		 	1,439		 	28		 	2		 	1,400		 	1,377		 	1,342		
Total revenue	2,276		 	2,230		 	46		 	2		 	2,213		 	2,158		 	2,197		
Total revenue-FTE 2	2,313		 	2,266		 	47		 	2		 	2,247		 	2,192		 	2,231		
Net income per average common share:	 	 	 	 	 	 	 	 	 	 	 	 	 	
Diluted	1.06		 	1.03		 	0.03		 	3		 	0.91		 	0.90		 	0.91		
Basic	1.07		 	1.05		 	0.02		 	2		 	0.92		 	0.91		 	0.92		
Cash dividends paid per common share	0.40		 	0.26		 	0.14		 	54		 	0.26		 	0.26		 	0.26		
Average common shares outstanding:	 	 	 	 	 	 	 	 	 	 	 	 	 	
Diluted	483,640		 	488,020		 	(4,380	)	 	(1	)	 	496,002		 	497,055		 	500,885		
Basic	478,258		 	482,913		 	(4,655	)	 	(1	)	 	490,091		 	491,497		 	496,304		

1 Beginning January 1, 2017, the Company began presenting income related to the Company's Pillar & Cohen Financial, Community Capital, and Structured Real Estate businesses as a separate line item on the Consolidated Statements of Income titled Commercial real estate related income. For periods prior to January 1, 2017, these amounts were previously presented in Other noninterest income and have been reclassified to Commercial real estate related income for comparability.
2 See Appendix A for additional information and reconcilements of non-U.S. GAAP measures to the related U.S.GAAP measures.
3 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

13

SunTrust Banks, Inc. and Subsidiaries
CONSOLIDATED BALANCE SHEETS

															
 	September 30	 	(Decrease)/Increase	
(Dollars in millions and shares in thousands, except per share data) (Unaudited)	2017	 	2016	 	Amount	 	  %  2	
ASSETS	 	 	 	 	 	 	 	
Cash and due from banks		$7,071		 		$8,019		 		($948	)	 	(12	)%	
Federal funds sold and securities borrowed or purchased under agreements to resell	1,182		 	1,697		 	(515	)	 	(30	)	
Interest-bearing deposits in other banks	25		 	24		 	1		 	4		
Trading assets and derivative instruments	6,318		 	7,044		 	(726	)	 	(10	)	
Securities available for sale	31,444		 	29,672		 	1,772		 	6		
Loans held for sale ("LHFS")	2,835		 	3,772		 	(937	)	 	(25	)	
Loans held for investment ("LHFI"):	 	 	 	 	 	 	 	
Commercial and industrial ("C&I")	67,758		 	68,298		 	(540	)	 	(1	)	
Commercial real estate ("CRE")	5,238		 	5,056		 	182		 	4		
Commercial construction	3,964		 	3,875		 	89		 	2		
Residential mortgages - guaranteed	497		 	521		 	(24	)	 	(5	)	
Residential mortgages - nonguaranteed	27,041		 	26,306		 	735		 	3		
Residential home equity products	10,865		 	12,178		 	(1,313	)	 	(11	)	
Residential construction	327		 	393		 	(66	)	 	(17	)	
Consumer student - guaranteed	6,559		 	5,844		 	715		 	12		
Consumer other direct	8,597		 	7,358		 	1,239		 	17		
Consumer indirect	11,952		 	10,434		 	1,518		 	15		
Consumer credit cards	1,466		 	1,269		 	197		 	16		
Total LHFI	144,264		 	141,532		 	2,732		 	2		
Allowance for loan and lease losses ("ALLL")	(1,772	)	 	(1,743	)	 	29		 	2		
Net LHFI	142,492		 	139,789		 	2,703		 	2		
Goodwill	6,338		 	6,337		 	1		 	—		
MSRs	1,628		 	1,119		 	509		 	45		
Other assets	8,919		 	7,618		 	1,301		 	17		
Total assets 1		$208,252		 		$205,091		 		$3,161		 	2	 %	
LIABILITIES	 	 	 	 	 	 	 	
Deposits:	 	 	 	 	 	 	 	
Noninterest-bearing consumer and commercial deposits		$43,984		 		$43,835		 		$149		 	—	 %	
Interest-bearing consumer and commercial deposits:	 	 	 	 	 	 	 	
NOW accounts	47,213		 	43,093		 	4,120		 	10		
Money market accounts	52,487		 	54,763		 	(2,276	)	 	(4	)	
Savings	6,505		 	6,256		 	249		 	4		
Consumer time	5,735		 	5,659		 	76		 	1		
Other time	5,854		 	3,986		 	1,868		 	47		
Total consumer and commercial deposits	161,778		 	157,592		 	4,186		 	3		
Brokered time deposits	959		 	950		 	9		 	1		
Foreign deposits	—		 	300		 	(300	)	 	(100	)	
Total deposits	162,737		 	158,842		 	3,895		 	2		
Funds purchased	3,118		 	2,226		 	892		 	40		
Securities sold under agreements to repurchase	1,422		 	1,724		 	(302	)	 	(18	)	
Other short-term borrowings	909		 	949		 	(40	)	 	(4	)	
Long-term debt	11,280		 	11,866		 	(586	)	 	(5	)	
Trading liabilities and derivative instruments	1,284		 	1,484		 	(200	)	 	(13	)	
Other liabilities	2,980		 	3,551		 	(571	)	 	(16	)	
Total liabilities	183,730		 	180,642		 	3,088		 	2		
SHAREHOLDERS' EQUITY	 	 	 	 	 	 	 	
Preferred stock, no par value	1,975		 	1,225		 	750		 	61		
Common stock, $1.00 par value	550		 	550		 	—		 	—		
Additional paid-in capital	8,985		 	9,009		 	(24	)	 	—		
Retained earnings	17,021		 	15,681		 	1,340		 	9		
Treasury stock, at cost, and other	(3,274	)	 	(2,131	)	 	1,143		 	54		
Accumulated other comprehensive (loss)/income, net of tax	(735	)	 	115		 	(850	)	 	NM		
Total shareholders' equity	24,522		 	24,449		 	73		 	—		
Total liabilities and shareholders' equity		$208,252		 		$205,091		 		$3,161		 	2	 %	
 	 	 	 	 	 	 	 	
Common shares outstanding	476,001		 	495,936		 	(19,935	)	 	(4	)%	
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	74,053		 	53,985		 	20,068		 	37		
1 Includes earning assets of $185,071 and $181,341 at September 30 , 2017 and 2016 , respectively.
2 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

14

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

																											
(Dollars in millions and shares in thousands, except per share data) (Unaudited)	September 30	 	June 30	 	Increase/(Decrease)	 	March 31	 	December 31	 	September 30	
	2017	 	2017	 	Amount	 	%	 	2017	 	2016	 	2016	
ASSETS	 	 	 	 	 	 	 	 	 	 	 	 	 	
Cash and due from banks		$7,071		 		$6,968		 		$103		 	1	 %	 		$6,957		 		$5,091		 		$8,019		
Federal funds sold and securities borrowed or purchased under agreements to resell	1,182		 	1,249		 	(67	)	 	(5	)	 	1,292		 	1,307		 	1,697		
Interest-bearing deposits in other banks	25		 	24		 	1		 	4		 	25		 	25		 	24		
Trading assets and derivative instruments	6,318		 	5,847		 	471		 	8		 	6,007		 	6,067		 	7,044		
Securities available for sale	31,444		 	31,142		 	302		 	1		 	31,127		 	30,672		 	29,672		
LHFS	2,835		 	2,826		 	9		 	—		 	2,109		 	4,169		 	3,772		
LHFI:	 	 	 	 	 	 	 	 	 	 	 	 	 	
C&I	67,758		 	68,511		 	(753	)	 	(1	)	 	68,971		 	69,213		 	68,298		
CRE	5,238		 	5,250		 	(12	)	 	—		 	5,067		 	4,996		 	5,056		
Commercial construction	3,964		 	4,019		 	(55	)	 	(1	)	 	4,215		 	4,015		 	3,875		
Residential mortgages - guaranteed	497		 	501		 	(4	)	 	(1	)	 	549		 	537		 	521		
Residential mortgages - nonguaranteed	27,041		 	26,594		 	447		 	2		 	26,110		 	26,137		 	26,306		
Residential home equity products	10,865		 	11,173		 	(308	)	 	(3	)	 	11,511		 	11,912		 	12,178		
Residential construction	327		 	364		 	(37	)	 	(10	)	 	380		 	404		 	393		
Consumer student - guaranteed	6,559		 	6,543		 	16		 	—		 	6,396		 	6,167		 	5,844		
Consumer other direct	8,597		 	8,249		 	348		 	4		 	7,904		 	7,771		 	7,358		
Consumer indirect	11,952		 	11,639		 	313		 	3		 	11,067		 	10,736		 	10,434		
Consumer credit cards	1,466		 	1,425		 	41		 	3		 	1,359		 	1,410		 	1,269		
Total LHFI	144,264		 	144,268		 	(4	)	 	—		 	143,529		 	143,298		 	141,532		
ALLL	(1,772	)	 	(1,731	)	 	41		 	2		 	(1,714	)	 	(1,709	)	 	(1,743	)	
Net LHFI	142,492		 	142,537		 	(45	)	 	—		 	141,815		 	141,589		 	139,789		
Goodwill	6,338		 	6,338		 	—		 	—		 	6,338		 	6,337		 	6,337		
MSRs	1,628		 	1,608		 	20		 	1		 	1,645		 	1,572		 	1,119		
Other assets	8,919		 	8,684		 	235		 	3		 	8,327		 	8,046		 	7,618		
Total assets 1		$208,252		 		$207,223		 		$1,029		 	—	 %	 		$205,642		 		$204,875		 		$205,091		
LIABILITIES	 	 	 	 	 	 	 	 	 	 	 	 	 	
Deposits:	 	 	 	 	 	 	 	 	 	 	 	 	 	
Noninterest-bearing consumer and commercial deposits		$43,984		 		$44,006		 		($22	)	 	—	 %	 		$43,437		 		$43,431		 		$43,835		
Interest-bearing consumer and commercial deposits:	 	 	 	 	 	 	 	 	 	 	 	 		
NOW accounts	47,213		 	43,973		 	3,240		 	7		 	46,222		 	45,534		 	43,093		
Money market accounts	52,487		 	53,000		 	(513	)	 	(1	)	 	55,261		 	54,166		 	54,763		
Savings	6,505		 	6,599		 	(94	)	 	(1	)	 	6,668		 	6,266		 	6,256		
Consumer time	5,735		 	5,610		 	125		 	2		 	5,495		 	5,534		 	5,659		
Other time	5,854		 	5,131		 	723		 	14		 	4,448		 	3,933		 	3,986		
Total consumer and commercial deposits	161,778		 	158,319		 	3,459		 	2		 	161,531		 	158,864		 	157,592		
Brokered time deposits	959		 	944		 	15		 	2		 	917		 	924		 	950		
Foreign deposits	—		 	610		 	(610	)	 	(100	)	 	405		 	610		 	300		
Total deposits	162,737		 	159,873		 	2,864		 	2		 	162,853		 	160,398		 	158,842		
Funds purchased	3,118		 	3,007		 	111		 	4		 	1,037		 	2,116		 	2,226		
Securities sold under agreements to repurchase	1,422		 	1,503		 	(81	)	 	(5	)	 	1,704		 	1,633		 	1,724		
Other short-term borrowings	909		 	2,640		 	(1,731	)	 	(66	)	 	1,955		 	1,015		 	949		
Long-term debt	11,280		 	10,511		 	769		 	7		 	10,496		 	11,748		 	11,866		
Trading liabilities and derivative instruments	1,284		 	1,090		 	194		 	18		 	1,225		 	1,351		 	1,484		
Other liabilities	2,980		 	4,122		 	(1,142	)	 	(28	)	 	2,888		 	2,996		 	3,551		
Total liabilities	183,730		 	182,746		 	984		 	1		 	182,158		 	181,257		 	180,642		
SHAREHOLDERS’ EQUITY	 	 	 	 	 	 	 	 	 	 	 	 	 	
Preferred stock, no par value	1,975		 	1,975		 	—		 	—		 	1,225		 	1,225		 	1,225		
Common stock, $1.00 par value	550		 	550		 	—		 	—		 	550		 	550		 	550		
Additional paid-in capital	8,985		 	8,973		 	12		 	—		 	8,966		 	9,010		 	9,009		
Retained earnings	17,021		 	16,701		 	320		 	2		 	16,322		 	16,000		 	15,681		
Treasury stock, at cost, and other	(3,274	)	 	(2,945	)	 	329		 	11		 	(2,712	)	 	(2,346	)	 	(2,131	)	
Accumulated other comprehensive (loss)/income, net of tax	(735	)	 	(777	)	 	42		 	5		 	(867	)	 	(821	)	 	115		
Total shareholders’ equity	24,522		 	24,477		 	45		 	—		 	23,484		 	23,618		 	24,449		
Total liabilities and shareholders’ equity		$208,252		 		$207,223		 		$1,029		 	—	 %	 		$205,642		 		$204,875		 		$205,091		
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Common shares outstanding	476,001		 	481,644		 	(5,643	)	 	(1	)%	 	485,712		 	491,188		 	495,936		
Common shares authorized	750,000		 	750,000		 	—		 	—		 	750,000		 	750,000		 	750,000		
Preferred shares outstanding	20		 	20		 	—		 	—		 	12		 	12		 	12		
Preferred shares authorized	50,000		 	50,000		 	—		 	—		 	50,000		 	50,000		 	50,000		
Treasury shares of common stock	74,053		 	68,369		 	5,684		 	8		 	64,301		 	58,738		 	53,985		
1 Includes earning assets of $185,071 , $184,518 , $183,279 , $184,610 , and $181,341 at September 30 , 2017 , June 30 , 2017 , March 31 , 2017 , December 31 , 2016 , and September 30 , 2016 , 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	
 	September 30, 2017	 	June 30, 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")		$68,277				$583			3.39	%	 		$69,122		 		$574		 	3.33	%	 		($845	)	 	0.06		 		$35		 	0.26		
Commercial real estate ("CRE")	5,227			47			3.57		 	5,157		 	44		 	3.38		 	70		 	0.19		 	(748	)	 	0.65		
Commercial construction	3,918			38			3.86		 	4,105		 	37		 	3.63		 	(187	)	 	0.23		 	1,009		 	0.58		
Residential mortgages - guaranteed	512			5			3.57		 	532		 	4		 	2.95		 	(20	)	 	0.62		 	(28	)	 	0.23		
Residential mortgages - nonguaranteed	26,687			255			3.82		 	26,090		 	248		 	3.80		 	597		 	0.02		 	665		 	0.08		
Residential home equity products	10,778			120			4.40		 	11,113		 	118		 	4.27		 	(335	)	 	0.13		 	(1,297	)	 	0.47		
Residential construction	333			4			4.68		 	363		 	4		 	4.19		 	(30	)	 	0.49		 	(46	)	 	0.21		
Consumer student - guaranteed	6,535			73			4.44		 	6,462		 	71		 	4.42		 	73		 	0.02		 	830		 	0.41		
Consumer other direct	8,426			104			4.91		 	8,048		 	97		 	4.84		 	378		 	0.07		 	1,336		 	0.35		
Consumer indirect	11,824			105			3.51		 	11,284		 	98		 	3.50		 	540		 	0.01		 	663		 	0.10		
Consumer credit cards	1,450			37			10.32		 	1,391		 	35		 	9.96		 	59		 	0.36		 	226		 	0.20		
Nonaccrual	739			11			5.90		 	773		 	8		 	4.37		 	(34	)	 	1.53		 	(196	)	 	4.20		
Total LHFI	144,706			1,382			3.79		 	144,440		 	1,338		 	3.72		 	266		 	0.07		 	2,449		 	0.31		
Securities available for sale:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Taxable	30,669			191			2.49		 	30,654		 	189		 	2.47		 	15		 	0.02		 	2,209		 	0.28		
Tax-exempt	504			4			2.99		 	348		 	3		 	3.04		 	156		 	(0.05	)	 	323		 	(0.42	)	
Total securities available for sale	31,173			195			2.50		 	31,002		 	192		 	2.47		 	171		 	0.03		 	2,532		 	0.28		
Federal funds sold and securities borrowed or purchased under agreements to resell	1,189			3			0.89		 	1,237		 	2		 	0.68		 	(48	)	 	0.21		 	18		 	0.78		
Loans held for sale ("LHFS")	2,477			24			3.89		 	2,222		 	21		 	3.86		 	255		 	0.03		 	(390	)	 	0.42		
Interest-bearing deposits in other banks	25			—			1.88		 	25		 	—		 	0.62		 	—		 	1.26		 	1		 	1.50		
Interest earning trading assets	5,291			31			2.38		 	5,131		 	30		 	2.33		 	160		 	0.05		 	(272	)	 	0.81		
Total earning assets	184,861			1,635			3.51		 	184,057		 	1,583		 	3.45		 	804		 	0.06		 	4,338		 	0.31		
Allowance for loan and lease losses ("ALLL")	(1,748	)		 	 	 	 	(1,723	)	 	 	 	 	 	25		 	 	 	(8	)	 	 	
Cash and due from banks	5,023			 	 	 	 	4,901		 	 	 	 	 	122		 	 	 	(419	)	 	 	
Other assets	16,501			 	 	 	 	16,248		 	 	 	 	 	253		 	 	 	1,679		 	 	
Noninterest earning trading assets and derivative instruments	948			 	 	 	 	918		 	 	 	 	 	30		 	 	 	(590	)	 	 	
Unrealized gains on securities available for sale, net	153			 	 	 	 	93		 	 	 	 	 	60		 	 	 	(754	)	 	 	
Total assets		$205,738			 	 	 	 		$204,494		 	 	 	 	 		$1,294		 	 	 		$4,246		 	 	
LIABILITIES AND SHAREHOLDERS’ EQUITY	 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Interest-bearing deposits:	 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NOW accounts		$44,604				$37			0.33	%	 		$44,437		 		$30		 	0.27	%	 		$167		 	0.06		 		$3,444		 	0.19		
Money market accounts	53,278			43			0.32		 	54,199		 	38		 	0.28		 	(921	)	 	0.04		 	(1,222	)	 	0.11		
Savings	6,535			—			0.02		 	6,638		 	—		 	0.03		 	(103	)	 	(0.01	)	 	231		 	(0.01	)	
Consumer time	5,675			11			0.76		 	5,555		 	10		 	0.71		 	120		 	0.05		 	(51	)	 	0.07		
Other time	5,552			16			1.14		 	4,691		 	12		 	1.05		 	861		 	0.09		 	1,571		 	0.17		
Total interest-bearing consumer and commercial deposits	115,644			107			0.37		 	115,520		 	90		 	0.31		 	124		 	0.06		 	3,973		 	0.14		
Brokered time deposits	947			3			1.28		 	929		 	3		 	1.29		 	18		 	(0.01	)	 	(12	)	 	(0.03	)	
Foreign deposits	295			1			1.13		 	720		 	2		 	0.95		 	(425	)	 	0.18		 	165		 	0.76		
Total interest-bearing deposits	116,886			111			0.38		 	117,169		 	95		 	0.32		 	(283	)	 	0.06		 	4,126		 	0.14		
Funds purchased	1,689			5			1.15		 	1,155		 	3		 	0.96		 	534		 	0.19		 	905		 	0.79		
Securities sold under agreements to repurchase	1,464			4			1.07		 	1,572		 	3		 	0.89		 	(108	)	 	0.18		 	(227	)	 	0.62		
Interest-bearing trading liabilities	912			6			2.84		 	992		 	6		 	2.66		 	(80	)	 	0.18		 	(18	)	 	0.73		
Other short-term borrowings	1,797			3			0.56		 	2,008		 	3		 	0.55		 	(211	)	 	0.01		 	531		 	0.37		
Long-term debt	11,204			76			2.70		 	10,518		 	70		 	2.66		 	686		 	0.04		 	(1,053	)	 	0.49		
Total interest-bearing liabilities	133,952			205			0.61		 	133,414		 	180		 	0.54		 	538		 	0.07		 	4,264		 	0.17		
Noninterest-bearing deposits	43,775			 	 	 	 	43,616		 	 	 	 	 	159		 	 	 	133		 	 	
Other liabilities	3,046			 	 	 	 	2,976		 	 	 	 	 	70		 	 	 	(310	)	 	 	
Noninterest-bearing trading liabilities and derivative instruments	392			 	 	 	 	349		 	 	 	 	 	43		 	 	 	12		 	 	
Shareholders’ equity	24,573			 	 	 	 	24,139		 	 	 	 	 	434		 	 	 	163		 	 	
Total liabilities and shareholders’ equity		$205,738			 	 	 	 		$204,494		 	 	 	 	 		$1,244		 	 	 		$4,262		 	 	
Interest Rate Spread	 		 		2.90	%	 	 	 	 	 	2.91	%	 	 	 	(0.01	)	 	 	 	0.14		
Net Interest Income	 			$1,430			 	 	 	 		$1,403		 	 	 	 	 	 	 	 	 	 	
Net Interest Income-FTE 2	 	 		$1,467		 	 	 	 	 		$1,439		 	 	 	 	 	 	 	 	 	 	
Net Interest Margin  3	 		 		3.07	%	 	 	 	 	 	3.06	%	 	 	 	0.01		 	 	 	0.19		
Net Interest Margin-FTE  2 , 3	 	 	 	 	3.15		 	 	 	 	 	3.14		 	 	 	0.01		 	 	 	0.19		
1 Interest income includes loan fees of $45 million for both the three months ended September 30, 2017 and June 30, 2017 .
2 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 September 30, 2017 and June 30, 2017 was attributed to C&I loans.
3 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	
 	March 31, 2017	 	December 31, 2016	 	September 30, 2016	
(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		$69,076		 		$554		 	3.25	%	 		$68,407		 		$549		 	3.19	 %	 		$68,242				$536			3.13	%	
CRE	5,038		 	39		 	3.18		 	5,141		 	38		 	2.93		 	5,975			44			2.92		
Commercial construction	4,076		 	34		 	3.39		 	3,852		 	31		 	3.22		 	2,909			24			3.28		
Residential mortgages - guaranteed	567		 	4		 	3.07		 	542		 	4		 	2.57		 	540			5			3.34		
Residential mortgages - nonguaranteed	25,918		 	247		 	3.80		 	26,065		 	244		 	3.75		 	26,022			243			3.74		
Residential home equity products	11,466		 	116		 	4.10		 	11,809		 	116		 	3.91		 	12,075			119			3.93		
Residential construction	385		 	4		 	4.04		 	382		 	4		 	4.24		 	379			4			4.47		
Consumer student - guaranteed	6,278		 	65		 	4.20		 	5,990		 	62		 	4.12		 	5,705			58			4.03		
Consumer other direct	7,819		 	97		 	5.02		 	7,556		 	88		 	4.64		 	7,090			81			4.56		
Consumer indirect	10,847		 	92		 	3.43		 	10,633		 	92		 	3.44		 	11,161			96			3.41		
Consumer credit cards	1,369		 	33		 	9.79		 	1,324		 	33		 	9.93		 	1,224			31			10.12		
Nonaccrual	831		 	4		 	2.03		 	877		 	8		 	3.77		 	935			4			1.70		
Total LHFI	143,670		 	1,289		 	3.64		 	142,578		 	1,269		 	3.54		 	142,257			1,245			3.48		
Securities available for sale:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Taxable	30,590		 	185		 	2.42		 	29,314		 	166		 	2.27		 	28,460			157			2.21		
Tax-exempt	286		 	2		 	3.04		 	273		 	2		 	3.08		 	181			2			3.41		
Total securities available for sale	30,876		 	187		 	2.42		 	29,587		 	168		 	2.28		 	28,641			159			2.22		
Federal funds sold and securities borrowed or purchased under agreements to resell	1,236		 	1		 	0.33		 	1,332		 	—		 	(0.03	)	 	1,171			—			0.11		
LHFS	2,611		 	24		 	3.71		 	3,570		 	30		 	3.42		 	2,867			25			3.47		
Interest-bearing deposits in other banks	25		 	—		 	0.64		 	24		 	—		 	0.47		 	24			—			0.38		
Interest earning trading assets	5,188		 	27		 	2.09		 	5,384		 	25		 	1.83		 	5,563			22			1.57		
Total earning assets	183,606		 	1,528		 	3.38		 	182,475		 	1,492		 	3.25		 	180,523			1,451			3.20		
ALLL	(1,700	)	 	 	 	 	 	(1,724	)	 	 	 	 	 	(1,756	)		 	 	 	
Cash and due from banks	5,556		 	 	 	 	 	5,405		 	 	 	 	 	5,442			 	 	 	
Other assets	15,952		 	 	 	 	 	15,375		 	 	 	 	 	14,822			 	 	 	
Noninterest earning trading assets and derivative instruments	888		 	 	 	 	 	1,103		 	 	 	 	 	1,538			 	 	 	
Unrealized (losses)/gains on securities available for sale, net	(50	)	 	 	 	 	 	512		 	 	 	 	 	907			 	 	 	
Total assets		$204,252		 	 	 	 	 		$203,146		 	 	 	 	 		$201,476			 	 	 	
LIABILITIES AND SHAREHOLDERS’ EQUITY	 	 	 	 	 	 	 	 	 	 	 	 	 		 	 	 	
Interest-bearing deposits:	 	 	 	 	 	 	 	 	 	 	 	 	 		 	 	 	
NOW accounts		$44,745		 		$23		 	0.21	%	 		$42,929		 		$17		 	0.16	 %	 		$41,160				$15			0.14	%	
Money market accounts	54,902		 	34		 	0.25		 	54,416		 	30		 	0.22		 	54,500			29			0.21		
Savings	6,415		 	—		 	0.02		 	6,259		 	—		 	0.03		 	6,304			—			0.03		
Consumer time	5,487		 	9		 	0.69		 	5,599		 	10		 	0.69		 	5,726			10			0.69		
Other time	4,232		 	10		 	0.97		 	3,954		 	10		 	0.97		 	3,981			10			0.97		
Total interest-bearing consumer and commercial deposits	115,781		 	76		 	0.27		 	113,157		 	67		 	0.23		 	111,671			64			0.23		
Brokered time deposits	917		 	3		 	1.28		 	935		 	3		 	1.28		 	959			3			1.31		
Foreign deposits	678		 	1		 	0.66		 	308		 	—		 	0.45		 	130			—			0.37		
Total interest-bearing deposits	117,376		 	80		 	0.28		 	114,400		 	70		 	0.24		 	112,760			67			0.24		
Funds purchased	872		 	1		 	0.65		 	1,008		 	1		 	0.43		 	784			1			0.36		
Securities sold under agreements to repurchase	1,715		 	3		 	0.61		 	1,708		 	2		 	0.45		 	1,691			2			0.45		
Interest-bearing trading liabilities	1,002		 	6		 	2.61		 	1,146		 	6		 	2.13		 	930			5			2.11		
Other short-term borrowings	1,753		 	2		 	0.49		 	978		 	—		 	0.11		 	1,266			—			0.19		
Long-term debt	11,563		 	70		 	2.45		 	11,632		 	70		 	2.37		 	12,257			68			2.21		
Total interest-bearing liabilities	134,281		 	162		 	0.49		 	130,872		 	149		 	0.45		 	129,688			143			0.44		
Noninterest-bearing deposits	43,093		 	 	 	 	 	44,839		 	 	 	 	 	43,642			 	 	 	
Other liabilities	2,860		 	 	 	 	 	3,112		 	 	 	 	 	3,356			 	 	 	
Noninterest-bearing trading liabilities and derivative instruments	347		 	 	 	 	 	279		 	 	 	 	 	380			 	 	 	
Shareholders’ equity	23,671		 	 	 	 	 	24,044		 	 	 	 	 	24,410			 	 	 	
Total liabilities and shareholders’ equity		$204,252		 	 	 	 	 		$203,146		 	 	 	 	 		$201,476			 	 	 	
Interest Rate Spread	 	 	 	 	2.89	%	 	 	 	 	 	2.80	 %	 	 	 	 		2.76	%	
Net Interest Income	 	 		$1,366		 	 	 	 	 		$1,343		 	 	 	 			$1,308			 	
Net Interest Income-FTE 2	 	 		$1,400		 	 	 	 	 		$1,377		 	 	 	 	 		$1,342		 	 	
Net Interest Margin 3	 	 	 	 	3.02	%	 	 	 	 	 	2.93	 %	 	 	 	 		2.88	%	
Net Interest Margin-FTE  2, 3	 	 	 	 	3.09		 	 	 	 	 	3.00		 	 	 	 	 	2.96		

1  	Interest income includes loan fees of $45 million, $41 million , and $40 million for the three months ended March 31, 2017 , December 31, 2016 , and September 30, 2016 , respectively.	
		
2  	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 March 31, 2017 , December 31, 2016 , and September 30, 2016 was attributed to C&I loans.	
		
3  	Net interest margin is calculated by dividing annualized net interest income by average total earning assets.	

17

	
																													
SunTrust Banks, Inc. and Subsidiaries
CONSOLIDATED DAILY AVERAGE BALANCES, INCOME/EXPENSE, AND AVERAGE YIELDS EARNED/RATES PAID, continued	
 	Nine Months Ended	 	 	 	 	
 	September 30, 2017	 	September 30, 2016	Increase/(Decrease)	
(Dollars in millions) (Unaudited)	Average
Balances	 	Interest
Income/
Expense	 	Yields/
Rates	 	Average
Balances	 	Interest
Income/
Expense	 	Yields/
Rates	 	Average
Balances	 	Yields/
Rates	
ASSETS	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
LHFI: 1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
C&I		$68,822		 		$1,711		 	3.32	%	 		$68,405		 		$1,599		 	3.12	%	 		$417		 	0.20		
CRE	5,141		 	130		 	3.38		 	6,032		 	132		 	2.91		 	(891	)	 	0.47		
Commercial construction	4,032		 	109		 	3.63		 	2,578		 	63		 	3.27		 	1,454		 	0.36		
Residential mortgages - guaranteed	537		 	13		 	3.19		 	587		 	16		 	3.72		 	(50	)	 	(0.53	)	
Residential mortgages - nonguaranteed	26,234		 	749		 	3.81		 	25,383		 	720		 	3.78		 	851		 	0.03		
Residential home equity products	11,117		 	354		 	4.26		 	12,461		 	368		 	3.94		 	(1,344	)	 	0.32		
Residential construction	360		 	12		 	4.29		 	374		 	12		 	4.44		 	(14	)	 	(0.15	)	
Consumer student - guaranteed	6,426		 	209		 	4.36		 	5,404		 	162		 	4.00		 	1,022		 	0.36		
Consumer other direct	8,100		 	298		 	4.92		 	6,641		 	225		 	4.53		 	1,459		 	0.39		
Consumer indirect	11,322		 	295		 	3.48		 	10,739		 	273		 	3.39		 	583		 	0.09		
Consumer credit cards	1,404		 	105		 	10.03		 	1,142		 	87		 	10.17		 	262		 	(0.14	)	
Nonaccrual	781		 	24		 	4.04		 	882		 	13		 	1.98		 	(101	)	 	2.06		
Total LHFI	144,276		 	4,009		 	3.72		 	140,628		 	3,670		 	3.49		 	3,648		 	0.23		
Securities available for sale:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Taxable	30,638		 	564		 	2.45		 	27,847		 	479		 	2.29		 	2,791		 	0.16		
Tax-exempt	380		 	9		 	3.01		 	161		 	4		 	3.54		 	219		 	(0.53	)	
Total securities available for sale	31,018		 	573		 	2.46		 	28,008		 	483		 	2.30		 	3,010		 	0.16		
Federal funds sold and securities borrowed or purchased under
agreements to resell	1,221		 	6		 	0.63		 	1,210		 	1		 	0.15		 	11		 	0.48		
LHFS	2,436		 	70		 	3.82		 	2,235		 	62		 	3.69		 	201		 	0.13		
Interest-bearing deposits in other banks	25		 	—		 	1.05		 	24		 	—		 	0.38		 	1		 	0.67		
Interest earning trading assets	5,204		 	89		 	2.27		 	5,495		 	69		 	1.69		 	(291	)	 	0.58		
Total earning assets	184,180		 	4,747		 	3.45		 	177,600		 	4,285		 	3.22		 	6,580		 	0.23		
ALLL	(1,724	)	 	 	 	 	 	(1,754	)	 	 	 	 	 	(30	)	 	 	
Cash and due from banks	5,158		 	 	 	 	 	4,863		 	 	 	 	 	295		 	 	
Other assets	16,235		 	 	 	 	 	14,713		 	 	 	 	 	1,522		 	 	
Noninterest earning trading assets and derivative instruments	918		 	 	 	 	 	1,484		 	 	 	 	 	(566	)	 	 	
Unrealized gains on securities available for sale, net	66		 	 	 	 	 	707		 	 	 	 	 	(641	)	 	 	
Total assets		$204,833		 	 	 	 	 		$197,613		 	 	 	 	 		$7,160		 	 	
LIABILITIES AND SHAREHOLDERS’ EQUITY	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Interest-bearing deposits:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NOW accounts		$44,595		 		$90		 	0.27	%	 		$40,285		 		$38		 	0.12	%	 		$4,310		 	0.15		
Money market accounts	54,120		 	114		 	0.28		 	53,586		 	77		 	0.19		 	534		 	0.09		
Savings	6,530		 	1		 	0.02		 	6,294		 	1		 	0.03		 	236		 	(0.01	)	
Consumer time	5,573		 	30		 	0.72		 	5,937		 	33		 	0.75		 	(364	)	 	(0.03	)	
Other time	4,830		 	38		 	1.06		 	3,892		 	30		 	1.01		 	938		 	0.05		
Total interest-bearing consumer and commercial deposits	115,648		 	273		 	0.32		 	109,994		 	179		 	0.22		 	5,654		 	0.10		
Brokered time deposits	931		 	9		 	1.28		 	924		 	9		 	1.34		 	7		 	(0.06	)	
Foreign deposits	563		 	4		 	0.86		 	60		 	—		 	0.36		 	503		 	0.50		
Total interest-bearing deposits	117,142		 	286		 	0.33		 	110,978		 	188		 	0.23		 	6,164		 	0.10		
Funds purchased	1,242		 	9		 	0.97		 	1,071		 	3		 	0.36		 	171		 	0.61		
Securities sold under agreements to repurchase	1,583		 	10		 	0.85		 	1,742		 	6		 	0.41		 	(159	)	 	0.44		
Interest-bearing trading liabilities	968		 	20		 	2.70		 	984		 	17		 	2.36		 	(16	)	 	0.34		
Other short-term borrowings	1,852		 	7		 	0.54		 	1,611		 	3		 	0.25		 	241		 	0.29		
Long-term debt	11,094		 	216		 	2.60		 	10,477		 	191		 	2.44		 	617		 	0.16		
Total interest-bearing liabilities	133,881		 	548		 	0.55		 	126,863		 	408		 	0.43		 	7,018		 	0.12		
Noninterest-bearing deposits	43,497		 	 	 	 	 	42,917		 	 	 	 	 	580		 	 	
Other liabilities	2,961		 	 	 	 	 	3,299		 	 	 	 	 	(338	)	 	 	
Noninterest-bearing trading liabilities and derivative instruments	363		 	 	 	 	 	458		 	 	 	 	 	(95	)	 	 	
Shareholders’ equity	24,131		 	 	 	 	 	24,076		 	 	 	 	 	55		 	 	
Total liabilities and shareholders’ equity		$204,833		 	 	 	 	 		$197,613		 	 	 	 	 		$7,220		 	 	
Interest Rate Spread	 	 	 	 	2.90	%	 	 	 	 	 	2.79	%	 	 	 	0.11		
Net Interest Income	 	 		$4,199		 	 	 	 	 		$3,877		 	 	 	 	 	 	
Net Interest Income-FTE 2	 	 		$4,306		 	 	 	 	 		$3,982		 	 	 	 	 	 	
Net Interest Margin  3	 	 	 	 	3.05	%	 	 	 	 	 	2.92	%	 	 	 	0.13		
Net Interest Margin-FTE  2, 3	 	 	 	 	3.13		 	 	 	 	 	2.99		 	 	 	0.14		
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
1 Interest income includes loan fees of $135 million and $124 million for the nine months ended September 30 , 2017 and 2016 , respectively.
2 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 nine months ended September 30 , 2017 and 2016 was attributed to C&I loans.
3 Net interest margin is calculated by dividing annualized net interest income by average total earning assets.

18

	
																														
SunTrust Banks, Inc. and Subsidiaries
OTHER FINANCIAL DATA	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Three Months Ended	 	 	 	 	 	Nine Months Ended	 	 	 	 	
 	September 30	 	(Decrease)/Increase	 	September 30	 	(Decrease)/Increase	
(Dollars in millions) (Unaudited)	2017		2016	 	Amount	 	  % 4	 	2017		2016	 	Amount	 	  % 4	
CREDIT DATA	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Allowance for credit losses, beginning of period		$1,803				$1,840		 		($37	)	 	(2	)%	 		$1,776				$1,815		 		($39	)	 	(2	)%	
Provision for unfunded commitments	1			2		 	(1	)	 	(50	)	 	6			5		 	1		 	20		
Provision/(benefit) for loan losses:	 	 	 	 	 	 	 	 	 	 	 	 	 	 			
Commercial	5			81		 	(76	)	 	(94	)	 	89			293		 	(204	)	 	(70	)	
Residential	29			(36	)	 	65		 	NM		 	33			(72	)	 	105		 	NM		
Consumer	85			50		 	35		 	70		 	202			117		 	85		 	73		
Total provision for loan losses	119			95		 	24		 	25		 	324			338		 	(14	)	 	(4	)	
Charge-offs:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial	(33	)		(78	)	 	(45	)	 	(58	)	 	(122	)		(209	)	 	(87	)	 	(42	)	
Residential	(23	)		(28	)	 	(5	)	 	(18	)	 	(78	)		(102	)	 	(24	)	 	(24	)	
Consumer	(53	)		(44	)	 	9		 	20		 	(157	)		(117	)	 	40		 	34		
Total charge-offs	(109	)		(150	)	 	(41	)	 	(27	)	 	(357	)		(428	)	 	(71	)	 	(17	)	
Recoveries:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial	11			7		 	4		 	57		 	32			26		 	6		 	23		
Residential	8			7		 	1		 	14		 	27			22		 	5		 	23		
Consumer	12			10		 	2		 	20		 	37			33		 	4		 	12		
Total recoveries	31			24		 	7		 	29		 	96			81		 	15		 	19		
Net charge-offs	(78	)		(126	)	 	(48	)	 	(38	)	 	(261	)		(347	)	 	(86	)	 	(25	)	
Allowance for credit losses, end of period		$1,845				$1,811		 		$34		 	2	 %	 		$1,845				$1,811		 		$34		 	2	 %	
Components:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Allowance for loan and lease losses ("ALLL")	 	 	 	 	 	 	 	 		$1,772				$1,743		 		$29		 	2	 %	
Unfunded commitments reserve	 	 	 	 	 	 	 	 	73			68		 	5		 	7		
Allowance for credit losses	 	 	 	 	 	 	 	 		$1,845		 		$1,811		 		$34		 	2	 %	
Net charge-offs to average loans held for investment ("LHFI") (annualized):	 	 	 	 	 			 	 	 	 	 	 	 	 	
Commercial	0.11	%		0.37	%	 	(0.26	)	 	(70	)%	 	0.15	%		0.32	%	 	(0.17	)	 	(53	)%	
Residential	0.15			0.21		 	(0.06	)	 	(29	)	 	0.18			0.27		 	(0.09	)	 	(33	)	
Consumer	0.59			0.52		 	0.07		 	13		 	0.59			0.47		 	0.12		 	26		
Total net charge-offs to total average LHFI	0.21			0.35		 	(0.14	)	 	(40	)	 	0.24			0.33		 	(0.09	)	 	(27	)	
Period Ended	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Nonaccrual/nonperforming loans ("NPLs"):	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial	 	 	 	 	 	 	 	 		$298		 		$513		 		($215	)	 	(42	)%	
Residential	 	 	 	 	 	 	 	 	386		 	429		 	(43	)	 	(10	)	
Consumer	 	 	 	 	 	 	 	 	13		 	7		 	6		 	86		
Total nonaccrual/NPLs	 	 	 	 	 	 	 	 	697		 	949		 	(252	)	 	(27	)	
Other real estate owned (“OREO”)	 	 	 	 	 	 	 	 	57		 	57		 	—		 	—		
Other repossessed assets	 	 	 	 	 	 	 	 	7		 	13		 	(6	)	 	(46	)	
Nonperforming loans held for sale ("nonperforming LHFS")	 	 	 	 	 	 	 	 	31		 	—		 	31		 	NM		
Total nonperforming assets ("NPAs")	 	 	 	 	 	 	 	 		$792		 		$1,019		 		($227	)	 	(22	)%	
Accruing restructured loans	 	 	 	 	 	 	 	 		$2,501		 		$2,522		 		($21	)	 	(1	)%	
Nonaccruing restructured loans 1	 	 	 	 	 	 	 	 	304		 	306		 	(2	)	 	(1	)	
Accruing LHFI past due > 90 days (guaranteed)	 	 	 	 	 	 	 	 	1,304		 	1,114		 	190		 	17		
Accruing LHFI past due > 90 days (non-guaranteed)	 	 	 	 	 	 	 	 	39		 	30		 	9		 	30		
Accruing LHFS past due > 90 days	 	 	 	 	 	 	 	 	—		 	2		 	(2	)	 	(100	)	
NPLs to period-end LHFI	 	 	 	 	 	 	 	 	0.48	%	 	0.67	%	 	(0.19	)	 	(28	)%	
NPAs to period-end LHFI plus nonperforming LHFS, OREO, and other repossessed assets	 	 	 	 	 	 	 	 	0.55		 	0.72		 	(0.17	)	 	(24	)	
ALLL to period-end LHFI 2, 3	 	 	 	 	 	 	 	 	1.23		 	1.23		 	—		 	—		
ALLL to NPLs 2, 3	 	 	 	 	 	 	 	 	2.55x		 	1.84x		 	0.71x		 	39		
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
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
FIVE QUARTER OTHER FINANCIAL DATA	 	 	 	 	 	 	 	 	 	 	 	 	
 	Three Months Ended	 	 	 	 	 	Three Months Ended	
 	September 30	 	June 30	 	Increase/(Decrease)	 	March 31	 	December 31	 	September 30	
(Dollars in millions) (Unaudited)	2017	 	2017	 	Amount	 	  % 4	 	2017	 	2016	 	2016	
CREDIT DATA	 	 	 	 	 	 	 	 	 	 	 	 	 	
Allowance for credit losses, beginning of period		$1,803		 		$1,783		 		$20		 	1	 %	 		$1,776		 		$1,811		 		$1,840		
Provision/(benefit) for unfunded commitments	1		 	3		 	(2	)	 	(67	)	 	2		 	(1	)	 	2		
Provision/(benefit) for loan losses:	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial	5		 	39		 	(34	)	 	(87	)	 	46		 	36		 	81		
Residential	29		 	(2	)	 	31		 	NM		 	5		 	13		 	(36	)	
Consumer	85		 	50		 	35		 	70		 	66		 	53		 	50		
Total provision for loan losses	119		 	87		 	32		 	37		 	117		 	102		 	95		
Charge-offs:	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial	(33	)	 	(26	)	 	7		 	27		 	(63	)	 	(78	)	 	(78	)	
Residential	(23	)	 	(26	)	 	(3	)	 	(12	)	 	(29	)	 	(34	)	 	(28	)	
Consumer	(53	)	 	(49	)	 	4		 	8		 	(54	)	 	(51	)	 	(44	)	
Total charge-offs	(109	)	 	(101	)	 	8		 	8		 	(146	)	 	(163	)	 	(150	)	
Recoveries:	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial	11		 	7		 	4		 	57		 	13		 	9		 	7		
Residential	8		 	11		 	(3	)	 	(27	)	 	9		 	8		 	7		
Consumer	12		 	13		 	(1	)	 	(8	)	 	12		 	10		 	10		
Total recoveries	31		 	31		 	—		 	—		 	34		 	27		 	24		
Net charge-offs	(78	)	 	(70	)	 	8		 	11		 	(112	)	 	(136	)	 	(126	)	
Allowance for credit losses, end of period		$1,845		 		$1,803		 		$42		 	2	 %	 		$1,783		 		$1,776		 		$1,811		
Components:	 	 	 	 	 	 	 	 	 	 	 	 	 	
ALLL		$1,772		 		$1,731		 		$41		 	2	 %	 		$1,714		 		$1,709		 		$1,743		
Unfunded commitments reserve	73		 	72		 	1		 	1		 	69		 	67		 	68		
Allowance for credit losses		$1,845		 		$1,803		 		$42		 	2	 %	 		$1,783		 		$1,776		 		$1,811		
Net charge-offs to average LHFI (annualized):	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial	0.11	%	 	0.10	%	 	0.01		 	10	 %	 	0.26	%	 	0.35	%	 	0.37	%	
Residential	0.15		 	0.16		 	(0.01	)	 	(6	)	 	0.22		 	0.26		 	0.21		
Consumer	0.59		 	0.54		 	0.05		 	9		 	0.64		 	0.64		 	0.52		
Total net charge-offs to total average LHFI	0.21		 	0.20		 	0.01		 	5		 	0.32		 	0.38		 	0.35		
Period Ended	 	 	 	 	 	 	 	 	 	 	 	 	 	
Nonaccrual/NPLs:	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial		$298		 		$325		 		($27	)	 	(8	)%	 		$352		 		$414		 		$513		
Residential	386		 	419		 	(33	)	 	(8	)	 	428		 	424		 	429		
Consumer	13		 	10		 	3		 	30		 	9		 	7		 	7		
Total nonaccrual/NPLs	697		 	754		 	(57	)	 	(8	)	 	789		 	845		 	949		
OREO	57		 	61		 	(4	)	 	(7	)	 	62		 	60		 	57		
Other repossessed assets	7		 	6		 	1		 	17		 	7		 	14		 	13		
Nonperforming LHFS	31		 	—		 	31		 	NM		 	—		 	—		 	—		
Total NPAs		$792		 		$821		 		($29	)	 	(4	)%	 		$858		 		$919		 		$1,019		
Accruing restructured loans		$2,501		 		$2,524		 		($23	)	 	(1	)%	 		$2,545		 		$2,535		 		$2,522		
Nonaccruing restructured loans 1	304		 	321		 	(17	)	 	(5	)	 	329		 	306		 	306		
Accruing LHFI past due > 90 days (guaranteed)	1,304		 	1,221		 	83		 	7		 	1,190		 	1,254		 	1,114		
Accruing LHFI past due > 90 days (non-guaranteed)	39		 	30		 	9		 	30		 	37		 	34		 	30		
Accruing LHFS past due > 90 days	—		 	1		 	(1	)	 	(100	)	 	1		 	1		 	2		
NPLs to period-end LHFI	0.48	%	 	0.52	%	 	(0.04	)	 	(8	)%	 	0.55	%	 	0.59	%	 	0.67	%	
NPAs to period-end LHFI plus nonperforming LHFS, OREO, and other repossessed assets	0.55		 	0.57		 	(0.02	)	 	(4	)	 	0.60		 	0.64		 	0.72		
ALLL to period-end LHFI 2, 3	1.23		 	1.20		 	0.03		 	3		 	1.20		 	1.19		 	1.23		
ALLL to NPLs 2, 3	2.55x		 	2.31x		 	0.24x		 	10		 	2.18x		 	2.03x		 	1.84x		
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
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.

20

	
																								
SunTrust Banks, Inc. and Subsidiaries
OTHER FINANCIAL DATA, continued	 	 	 	 	 	 	 	 	 	 	 	
 	Three Months Ended September 30	 	Nine Months Ended September 30	
(Dollars in millions) (Unaudited)	 MSRs -
Fair Value		Other		Total		 MSRs -
Fair Value		Other		Total	
OTHER INTANGIBLE ASSETS ROLLFORWARD	 	 	 	 	 	 	 	 	 	 	 	
Balance, beginning of period		$1,061				$14				$1,075				$1,307				$18				$1,325		
Amortization	—			(2	)		(2	)		—			(6	)		(6	)	
Servicing rights originated	88			—			88			198			—			198		
Servicing rights purchased	27		 	—		 	27		 	104		 	—		 	104		
Fair value changes due to inputs and assumptions 1	5			—			5			(328	)		—			(328	)	
Other changes in fair value 2	(61	)		—			(61	)		(160	)		—			(160	)	
Servicing rights sold	(1	)		—			(1	)		(2	)		—			(2	)	
Balance, September 30, 2016		$1,119				$12				$1,131				$1,119				$12				$1,131		
 	 	 	 	 	 	 	 	 	 	 	 	
Balance, beginning of period		$1,608				$81				$1,689				$1,572				$85				$1,657		
Amortization	—			(6	)		(6	)		—			(16	)		(16	)	
Servicing rights originated	90			3			93			252			10			262		
Fair value changes due to inputs and assumptions 1	(11	)		—			(11	)		(27	)		—			(27	)	
Other changes in fair value 2	(59	)		—			(59	)		(168	)		—			(168	)	
Servicing rights sold	—			—			—			(1	)		—			(1	)	
Other 3	—		 	—		 	—		 	—		 	(1	)	 	(1	)	
Balance, September 30, 2017		$1,628				$78				$1,706				$1,628				$78				$1,706		
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	
 	September 30	 	June 30	 	March 31	 	December 31	 	September 30	
(Shares in thousands) (Unaudited)	2017	 	2017	 	2017	 	2016	 	2016	
COMMON SHARES OUTSTANDING ROLLFORWARD	 	 	 	 	 	 	 	 	 	
Balance, beginning of period	481,644		 	485,712		 	491,188		 	495,936		 	501,412		
Common shares issued for employee benefit plans	125		 	111		 	1,536		 	560		 	259		
Repurchases of common stock	(5,768	)	 	(4,179	)	 	(7,012	)	 	(5,308	)	 	(5,735	)	
Balance, end of period	476,001		 	481,644		 	485,712		 	491,188		 	495,936		

21

	
																												
SunTrust Banks, Inc. and Subsidiaries
APPENDIX A TO THE EARNINGS RELEASE - RECONCILEMENT OF NON-U.S. GAAP MEASURES  1	 	 	
 	 	 	 	
 	Three Months Ended	 	Nine Months Ended	
 	September 30	 	June 30	 	March 31	 	December 31	 	September 30	 	September 30	
(Dollars in millions) (Unaudited)	2017	 	2017	 	2017	 	2016	 	2016	 	2017		2016	
Net interest income		$1,430		 		$1,403		 		$1,366		 		$1,343		 		$1,308		 		$4,199		 		$3,877		
Fully taxable-equivalent ("FTE") adjustment	37		 	36		 	34		 	34		 	34		 	107		 	105		
Net interest income-FTE 2	1,467		 	1,439		 	1,400		 	1,377		 	1,342		 	4,306		 	3,982		
Noninterest income	846		 	827		 	847		 	815		 	889		 	2,520		 	2,569		
Total revenue-FTE 2		$2,313		 		$2,266		 		$2,247		 		$2,192		 		$2,231		 		$6,826		 		$6,551		
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Return on average common shareholders’ equity	9.03	 %	 	9.08	 %	 	8.19	 %	 	7.85	 %	 	7.89	 %	 	8.77	 %		8.01	 %	
Impact of removing average intangible assets and related pre-tax amortization, other than MSRs and other servicing rights	3.42		 	3.43		 	3.09		 	2.91		 	2.84		 	3.32			2.95		
Return on average tangible common shareholders' equity 3	12.45	%	 	12.51	%	 	11.28	%	 	10.76	%	 	10.73	%	 	12.09	%		10.96	%	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net interest margin	3.07	 %	 	3.06	 %	 	3.02	 %	 	2.93	 %	 	2.88	 %	 	3.05	 %	 	2.92	 %	
Impact of FTE adjustment	0.08		 	0.08		 	0.07		 	0.07		 	0.08		 	0.08		 	0.07		
Net interest margin-FTE 2	3.15	 %	 	3.14	 %	 	3.09	 %	 	3.00	 %	 	2.96	 %	 	3.13	 %	 	2.99	 %	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Noninterest expense		$1,391		 		$1,388		 		$1,465		 		$1,397		 		$1,409		 		$4,243		 		$4,072		
Total revenue	2,276			2,230			2,213			2,158			2,197			6,719			6,446		
Efficiency ratio 4	61.12	%		62.24	%		66.20	%		64.74	%		64.13	%		63.16	%		63.17	%	
Impact of FTE adjustment	(0.98	)	 	(1.00	)	 	(1.01	)	 	(1.01	)	 	(0.99	)	 	(0.99	)	 	(1.01	)	
Efficiency ratio-FTE 2, 4	60.14		 	61.24		 	65.19		 	63.73		 	63.14		 	62.17			62.16		
Impact of excluding amortization related to intangible assets and certain tax credits	(0.93	)	 	(0.65	)	 	(0.59	)	 	(0.65	)	 	(0.60	)	 	(0.73	)		(0.53	)	
Tangible efficiency ratio-FTE 2, 5	59.21	%	 	60.59	%	 	64.60	%	 	63.08	%	 	62.54	%	 	61.44	%		61.63	%	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Basel III Common Equity Tier 1 ("CET1") ratio (transitional)  6	9.62	 %	 	9.68	 %	 	9.69	 %	 	9.59	 %	 	9.78	 %	 	 	 	 	
Impact of MSRs and other under fully phased-in approach  	(0.14	)	 	(0.15	)	 	(0.15	)	 	(0.16	)	 	(0.12	)	 	 	 	 	
Basel III fully phased-in CET1 ratio  6	9.48	 %	 	9.53	 %	 	9.54	 %	 	9.43	 %	 	9.66	 %	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
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, and 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 35% and 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 a tangible efficiency ratio, 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 the Company’s efficiency to other companies in the industry. This measure is utilized by management to assess the efficiency of the Company and its lines of business.
6 Current period Basel III capital ratios are estimated as of the earnings release date. Fully phased-in ratios consider a 250% risk-weighting for MSRs and deduction from capital of certain carryforward DTAs, the overfunded pension asset, and other intangible assets. The Company believes these measures may be useful to investors who wish to understand the Company's current compliance with future regulatory requirements.

22

	
																				
SunTrust Banks, Inc. and Subsidiaries
APPENDIX A TO THE EARNINGS RELEASE - RECONCILEMENT OF NON-U.S. GAAP MEASURES, continued  1	
 	 	
 	September 30	 	June 30	 	March 31	 	December 31	 	September 30	
(Dollars in millions, except per share data) (Unaudited)	2017	 	2017	 	2017	 	2016	 	2016	
Total shareholders' equity		$24,522		 		$24,477		 		$23,484		 		$23,618		 		$24,449		
Goodwill, net of deferred taxes of $254 million, $253 million, $252 million, $251 million, and $248 million, respectively	(6,084	)	 	(6,085	)	 	(6,086	)	 	(6,086	)	 	(6,089	)	
Other intangible assets (including MSRs and other servicing rights)	(1,706	)	 	(1,689	)	 	(1,729	)	 	(1,657	)	 	(1,131	)	
MSRs and other servicing rights	1,690		 	1,671		 	1,711		 	1,638		 	1,124		
Tangible equity 2	18,422		 	18,374		 	17,380		 	17,513		 	18,353		
Noncontrolling interest	(101	)	 	(103	)	 	(101	)	 	(103	)	 	(101	)	
Preferred stock	(1,975	)	 	(1,975	)	 	(1,225	)	 	(1,225	)	 	(1,225	)	
Tangible common equity 2		$16,346		 		$16,296		 		$16,054		 		$16,185		 		$17,027		
 	 	 	 	 	 	 	 	 	 	
Total assets		$208,252		 		$207,223		 		$205,642		 		$204,875		 		$205,091		
Goodwill	(6,338	)	 	(6,338	)	 	(6,338	)	 	(6,337	)	 	(6,337	)	
Other intangible assets (including MSRs and other servicing rights)	(1,706	)	 	(1,689	)	 	(1,729	)	 	(1,657	)	 	(1,131	)	
MSRs and other servicing rights	1,690		 	1,671		 	1,711		 	1,638		 	1,124		
Tangible assets		$201,898		 		$200,867		 		$199,286		 		$198,519		 		$198,747		
Tangible equity to tangible assets 2	9.12	%	 	9.15	%	 	8.72	%	 	8.82	%	 	9.23	%	
Tangible common equity to tangible assets 2	8.10			8.11			8.06			8.15			8.57		
Tangible book value per common share 3		$34.34		 		$33.83		 		$33.05		 		$32.95		 		$34.33		
 	 	 	 	 	 	 	 	 	 	
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.

23

	
																						
SunTrust Banks, Inc. and Subsidiaries
CONSUMER BUSINESS SEGMENT 1	
 	Three Months Ended September 30	 	 	 	Nine Months Ended September 30	 	 	
(Dollars in millions) (Unaudited)	2017	 	2016	 	% Change 5	 	2017	 	2016	 	% Change 5	
Statements of Income:	 	 	 	 	 	 	 	 	 	 	 	
Net interest income		$941		 		$872		 	8	 %	 		$2,748		 		$2,578		 	7	 %	
FTE adjustment	—		 	—		 	—		 	—		 	—		 	—		
Net interest income-FTE 2	941		 	872		 	8		 	2,748		 	2,578		 	7		
Provision for credit losses  3	136		 	29		 	NM		 	299		 	90		 	NM		
Net interest income-FTE - after provision for credit losses 2	805		 	843		 	(5	)	 	2,449		 	2,488		 	(2	)	
Noninterest income before net securities gains	473		 	555		 	(15	)	 	1,401		 	1,568		 	(11	)	
Net securities gains	—		 	—		 	—		 	—		 	—		 	—		
Total noninterest income	473		 	555		 	(15	)	 	1,401		 	1,568		 	(11	)	
Noninterest expense before amortization	897		 	984		 	(9	)	 	2,829		 	2,837		 	—		
Amortization	2		 	1		 	100		 	3		 	2		 	50		
Total noninterest expense	899		 	985		 	(9	)	 	2,832		 	2,839		 	—		
Income-FTE - before provision for income taxes 2	379		 	413		 	(8	)	 	1,018		 	1,217		 	(16	)	
Provision for income taxes	138		 	155		 	(11	)	 	367		 	455		 	(19	)	
Tax credit adjustment	—		 	—		 	—		 	—		 	—		 	—		
FTE adjustment	—		 	—		 	—		 	—		 	—		 	—		
Net income including income attributable to noncontrolling interest	241		 	258		 	(7	)	 	651		 	762		 	(15	)	
Less: Net income attributable to noncontrolling interest	—		 	—		 	—		 	—		 	—		 	—		
Net income		$241		 		$258		 	(7	)%	 		$651		 		$762		 	(15	)%	
 	 	 	 	 	 	 	 	 	 	 	 	
Total revenue		$1,414		 		$1,427		 	(1	)%	 		$4,149		 		$4,146		 	—	 %	
Total revenue-FTE 2	1,414		 	1,427		 	(1	)	 	4,149		 	4,146		 	—		
 	 	 	 	 	 	 	 	 	 	 	 	
Selected Average Balances:	 	 	 	 	 	 	 	 	 	 	 	
Total LHFI		$73,378		 		$70,560		 	4	 %	 		$72,200		 		$69,075		 	5	 %	
Goodwill	4,262		 	4,262		 	—		 	4,262		 	4,262		 	—		
Other intangible assets excluding MSRs	7		 	12		 	(42	)	 	8		 	14		 	(43	)	
Total assets	83,161		 	80,298		 	4		 	82,071		 	78,378		 	5		
Consumer and commercial deposits	103,066		 	99,730		 	3		 	102,686		 	98,751		 	4		
 	 	 	 	 	 	 	 	 	 	 	 	
Performance Ratios:	 	 	 	 	 	 	 	 	 	 	 	
Efficiency ratio	63.55	 %	 	69.04	 %	 	 	 	68.26	 %	 	68.45	 %	 	 	
Impact of FTE adjustment	—		 	—		 	 	 	—		 	—		 	 	
Efficiency ratio-FTE 2	63.55		 	69.04		 	 	 	68.26		 	68.45		 	 	
Impact of excluding amortization and associated funding cost of intangible assets	(1.18	)	 	(1.08	)	 	 	 	(1.17	)	 	(1.11	)	 	 	
Tangible efficiency ratio-FTE 2, 4	62.37	 %	 	67.96	 %	 	 	 	67.09	 %	 	67.34	 %	 	 	

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.	
5 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

24

	
																						
SunTrust Banks, Inc. and Subsidiaries
CONSUMER BUSINESS SEGMENT, continued 1	
 	Three Months Ended September 30	 	 	 	Nine Months Ended September 30	 	 	
(Dollars in millions) (Unaudited)	2017	 	2016	 	% Change	 	2017	 	2016	 	% Change	
Mortgage Production Data:	 	 	 	 	 	 	 	 	 	 	 	
Channel mix:	 	 	 	 	 	 	 	 	 	 	 	
Retail		$2,438		 		$3,386		 	(28	)%	 		$7,422		 		$9,041		 	(18	)%	
Correspondent	3,715		 	5,073		 	(27	)	 	10,647		 	11,653		 	(9	)	
Total production		$6,153		 		$8,459		 	(27	)%	 		$18,069		 		$20,694		 	(13	)%	
Channel mix - percent:	 	 	 	 	 	 	 	 	 	 	 	
Retail	40	%	 	40	%	 	 	 	41	%	 	44	%	 	 	
Correspondent	60		 	60		 	 	 	59		 	56		 	 	
Total production	100	%	 	100	%	 	 	 	100	%	 	100	%	 	 	
Purchase and refinance mix:	 	 	 	 	 	 	 	 	 	 	 	
Refinance		$1,980		 		$4,281		 	(54	)%	 		$6,473		 		$10,162		 	(36	)%	
Purchase	4,173		 	4,178		 	—		 	11,596		 	10,532		 	10		
Total production		$6,153		 		$8,459		 	(27	)%	 		$18,069		 		$20,694		 	(13	)%	
Purchase and refinance mix - percent:	 	 	 	 	 	 	 	 	 	 	 	
Refinance	32	%	 	51	%	 	 	 	36	%	 	49	%	 	 	
Purchase	68		 	49		 	 	 	64		 	51		 	 	
Total production	100	%	 	100	%	 	 	 	100	%	 	100	%	 	 	
Applications		$7,658		 		$11,866		 	(35	)%	 		$23,675		 		$32,296		 	(27	)%	
 	 	 	 	 	 	 	 	 	 	 	 	
Mortgage Servicing Data (End of Period):	 	 	 	 	 	 	 	 	 	 	 	
Total loans serviced	 	 	 	 	 	 		$165,273		 		$153,984		 	7	 %	
Total loans serviced for others	 	 	 	 	 	 	135,411		 	123,936		 	9		
Net carrying value of MSRs	 	 	 	 	 	 	1,628		 	1,119		 	45		
Ratio of net carrying value of MSRs to total loans serviced for others	 	 	 	 	 	1.202	%	 	0.903	%	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	
Assets Under Administration (End of Period):	 	 	 	 	 	 	 	 	 	 	 	
Trust and institutional managed assets	 	 	 	 	 	 		$42,266		 		$40,893		 	3	 %	
Retail brokerage managed assets	 	 	 	 	 	 	15,561		 	12,493		 	25		
Total managed assets	 	 	 	 	 	 	57,827		 	53,386		 	8		
Non-managed assets	 	 	 	 	 	 	97,491		 	93,623		 	4		
Total assets under advisement	 	 	 	 	 	 		$155,318		 		$147,009		 	6	 %	

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.	

25

	
																						
SunTrust Banks, Inc. and Subsidiaries
WHOLESALE BUSINESS SEGMENT	
 	Three Months Ended September 30	 	 	 	Nine Months Ended September 30	 	 	
(Dollars in millions) (Unaudited)	2017		2016	 	% Change 4	 	2017	 	2016	 	% Change 4	
Statements of Income:				 	 	 		 		 	 	
Net interest income		$571				$505		 	13	 %	 		$1,670		 		$1,488		 	12	 %	
FTE adjustment	36			34		 	6		 	105		 	103		 	2		
Net interest income-FTE 1	607			539		 	13		 	1,775		 	1,591		 	12		
(Benefit)/provision for credit losses 2	(16	)		68		 	NM		 	31		 	253		 	(88	)	
Net interest income-FTE - after (benefit)/provision for credit losses 1	623			471		 	32		 	1,744		 	1,338		 	30		
Noninterest income before net securities gains	406			355		 	14		 	1,194		 	996		 	20		
Net securities gains	—			—		 	—		 	—		 	—		 	—		
Total noninterest income	406			355		 	14		 	1,194		 	996		 	20		
Noninterest expense before amortization	440			411		 	7		 	1,353		 	1,210		 	12		
Amortization	19			13		 	46		 	46		 	33		 	39		
Total noninterest expense	459			424		 	8		 	1,399		 	1,243		 	13		
Income-FTE - before provision for income taxes 1	570			402		 	42		 	1,539		 	1,091		 	41		
Provision for income taxes	128			79		 	62		 	346		 	210		 	65		
Tax credit adjustment	47		 	37		 	27		 	121		 	94		 	29		
FTE adjustment	36			34		 	6		 	105		 	103		 	2		
Net income including income attributable to noncontrolling interest	359			252		 	42		 	967		 	684		 	41		
Less: Net income attributable to noncontrolling interest	—			—		 	—		 	—		 	—		 	—		
Net income		$359				$252		 	42	 %	 		$967		 		$684		 	41	 %	
 	 	 	 	 	 	 	 	 	 	 	 	
Total revenue		$977		 		$860		 	14	 %	 		$2,864		 		$2,484		 	15	 %	
Total revenue-FTE 1	1,013			894		 	13		 	2,969		 	2,587		 	15		
 	 	 	 	 	 	 	 	 	 	 	 	
Selected Average Balances:	 	 	 	 	 	 	 	 	 	 	 	
Total LHFI		$71,255				$71,625		 	(1	)%	 		$72,005		 		$71,489		 	1	 %	
Goodwill	2,076			2,075		 	—		 	2,076		 	2,075		 	—		
Other intangible assets excluding MSRs	74			1		 	NM		 	75		 	1		 	NM		
Total assets	85,280			85,762		 	(1	)	 	85,638		 	85,392		 	—		
Consumer and commercial deposits	56,211			55,489		 	1		 	56,326		 	54,099		 	4		
 	 	 	 	 	 	 	 	 	 	 	 	
Performance Ratios:	 	 	 	 	 	 	 	 	 	 	 	
Efficiency ratio	46.94	 %	 	49.27	 %	 	 	 	48.85	 %	 	50.01	 %	 	 	
Impact of FTE adjustment	(1.68	)	 	(1.85	)	 	 	 	(1.74	)	 	(1.99	)	 	 	
Efficiency ratio-FTE 1	45.26		 	47.42		 	 	 	47.11		 	48.02		 	 	
Impact of excluding amortization and associated funding cost of intangible assets	(2.39	)	 	(1.99	)	 	 	 	(2.06	)	 	(1.85	)	 	 	
Tangible efficiency ratio-FTE 1, 3	42.87	 %	 	45.43	 %	 	 	 	45.05	 %	 	46.17	 %	 	 	

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. 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.	
		
2  	(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.	
		
3  	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.	
4 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

26

	
																						
SunTrust Banks, Inc. and Subsidiaries
CORPORATE OTHER	
 	Three Months Ended September 30	 	 	 	Nine Months Ended September 30	 	 	
(Dollars in millions) (Unaudited)	2017		2016	 	% Change 4	 	2017	 	2016	 	% Change 4	
Statements of Income:				 	 	 	 	 	 	 	 	
Net interest income/(expense) 1		($82	)			($69	)	 	(19	)%	 		($219	)	 		($189	)	 	(16	)%	
FTE adjustment	1			—		 	NM		 	2		 	2		 	—		
Net interest income/(expense)-FTE 2	(81	)		(69	)	 	(17	)	 	(217	)	 	(187	)	 	(16	)	
Provision/(benefit) for credit losses 3	—			—		 	—		 	—		 	—		 	—		
Net interest income/(expense)-FTE - after provision/(benefit) for credit losses 2	(81	)		(69	)	 	(17	)	 	(217	)	 	(187	)	 	(16	)	
Noninterest income/(expense) before net securities gains	(33	)		(21	)	 	(57	)	 	(76	)	 	1		 	NM		
Net securities gains	—			—		 	—		 	1		 	4		 	(75	)	
Total noninterest income/(expense)	(33	)		(21	)	 	(57	)	 	(75	)	 	5		 	NM		
Noninterest expense/(income) before amortization	32			—		 	NM		 	12		 	(10	)	 	NM		
Amortization	1			—		 	NM		 	—		 	—		 	—		
Total noninterest expense/(income)	33			—		 	NM		 	12		 	(10	)	 	NM		
Income/(loss)-FTE - before benefit for income taxes 2	(147	)		(90	)	 	(63	)	 	(304	)	 	(172	)	 	(77	)	
Benefit for income taxes	(41	)		(19	)	 	NM		 	(107	)	 	(54	)	 	(98	)	
Tax credit adjustment	(47	)	 	(37	)	 	(27	)	 	(121	)	 	(94	)	 	(29	)	
FTE adjustment	1			—		 	NM		 	2		 	2		 	—		
Net income/(loss) including income attributable to noncontrolling interest	(60	)		(34	)	 	(76	)	 	(78	)	 	(26	)	 	NM		
Less: Net income attributable to noncontrolling interest	2			2		 	—		 	7		 	7		 	—		
Net income/(loss)		($62	)			($36	)	 	(72	)	 		($85	)	 		($33	)	 	NM		
 	 	 	 	 	 	 	 	 	 	 	 	
Total revenue		($115	)	 		($90	)	 	(28	)	 		($294	)	 		($184	)	 	(60	)%	
Total revenue-FTE 2	(114	)		(90	)	 	(27	)	 	(292	)	 	(182	)	 	(60	)	
 	 	 	 	 	 	 	 	 	 	 	 	
Selected Average Balances:	 	 	 	 	 	 	 	 	 	 	 	
Total LHFI		$73				$72		 	1	 %	 		$71		 		$64		 	11	 %	
Securities available for sale	31,140			28,602		 	9		 	30,983		 	27,968		 	11		
Goodwill	—			—		 	—		 	—		 	—		 	—		
Other intangible assets excluding MSRs	—			—		 	—		 	—		 	—		 	—		
Total assets	37,297			35,416		 	5		 	37,124		 	33,843		 	10		
Consumer and commercial deposits	142			94		 	51		 	133		 	61		 	NM		
 	 	 	 	 	 	 	 	 	 	 	 	
Other Information (End of Period):	 	 	 	 	 	 	 	 	 	 	 	
Duration of securities available for sale portfolio (in years)	 	 	 	 	 	 	4.4		 	3.8		 	 	
Net interest income interest rate sensitivity:	 	 	 	 	 	 	 	 	 	 	 	
% Change in net interest income under:	 	 	 	 	 	 	 	 	 	 	 	
Instantaneous 200 basis point increase in rates over next 12 months	 	 	 	 	 	3.2	 %	 	3.6	 %	 	 	
Instantaneous 100 basis point increase in rates over next 12 months	 	 	 	 	 	1.8	 %	 	2.1	 %	 	 	
Instantaneous 25 basis point decrease in rates over next 12 months	 	 	 	 	 	(0.6	)%	 	(0.7	)%	 	 	
Instantaneous 100 basis point decrease in rates over next 12 months	 	 	 	 	 	(6.7	)%	 	NM		5  	 	

1  	Net interest income/(expense) is driven by matched funds transfer pricing applied for segment reporting and actual net interest income.	
		
2  	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.	
		
3  	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.	
4 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.
5 “NM” - Not meaningful. A downward rate change of 100 basis points would imply a negative interest rate environment during the period and was not considered to be meaningful.

27

SunTrust Banks, Inc. and Subsidiaries
CONSOLIDATED SEGMENT TOTALS

																						
 	Three Months Ended September 30	 	 	 	Nine Months Ended September 30	 	 	
(Dollars in millions) (Unaudited)	2017	 	2016	 	% Change 2	 	2017	 	2016	 	% Change 2	
Statements of Income:	 	 	 	 	 	 	 	 	 	 	 	
Net interest income		$1,430		 		$1,308		 	9	 %	 		$4,199		 		$3,877		 	8	 %	
FTE adjustment	37		 	34		 	9		 	107		 	105		 	2		
Net interest income-FTE 1	1,467		 	1,342		 	9		 	4,306		 	3,982		 	8		
Provision for credit losses	120		 	97		 	24		 	330		 	343		 	(4	)	
Net interest income-FTE - after provision for credit losses 1	1,347		 	1,245		 	8		 	3,976		 	3,639		 	9		
Noninterest income before net securities gains	846		 	889		 	(5	)	 	2,519		 	2,565		 	(2	)	
Net securities gains	—		 	—		 	—		 	1		 	4		 	(75	)	
Total noninterest income	846		 	889		 	(5	)	 	2,520		 	2,569		 	(2	)	
Noninterest expense before amortization	1,369		 	1,395		 	(2	)	 	4,194		 	4,037		 	4		
Amortization	22		 	14		 	57		 	49		 	35		 	40		
Total noninterest expense	1,391		 	1,409		 	(1	)	 	4,243		 	4,072		 	4		
Income-FTE - before provision for income taxes 1	802		 	725		 	11		 	2,253		 	2,136		 	5		
Provision for income taxes	225		 	215		 	5		 	606		 	611		 	(1	)	
Tax credit adjustment	—		 	—		 	—		 	—		 	—		 	—		
FTE adjustment	37		 	34		 	9		 	107		 	105		 	2		
Net income including income attributable to noncontrolling interest	540		 	476		 	13		 	1,540		 	1,420		 	8		
Less: Net income attributable to noncontrolling interest	2		 	2		 	—		 	7		 	7		 	—		
Net income		$538		 		$474		 	14	 %	 		$1,533		 		$1,413		 	8	 %	
 	 	 	 	 	 	 	 	 	 	 	 	
Total revenue		$2,276		 		$2,197		 	4	 %	 		$6,719		 		$6,446		 	4	 %	
Total revenue-FTE 1	2,313		 	2,231		 	4		 	6,826		 	6,551		 	4		
 	 	 	 	 	 	 	 	 	 	 	 	
Selected Average Balances:	 	 	 	 	 	 	 	 	 	 	 	
Total LHFI		$144,706		 		$142,257		 	2	 %	 		$144,276		 		$140,628		 	3	 %	
Goodwill	6,338		 	6,337		 	—		 	6,338		 	6,337		 	—		
Other intangible assets excluding MSRs	81		 	13		 	NM		 	83		 	15		 	NM		
Total assets	205,738		 	201,476		 	2		 	204,833		 	197,613		 	4		
Consumer and commercial deposits	159,419		 	155,313		 	3		 	159,145		 	152,911		 	4		
 	 	 	 	 	 	 	 	 	 	 	 	
Performance Ratios:	 	 	 	 	 	 	 	 	 	 	 	
Efficiency ratio	61.12	 %	 	64.13	 %	 	 	 	63.16	 %	 	63.17	 %	 	 	
Impact of FTE adjustment	(0.98	)	 	(0.99	)	 	 	 	(0.99	)	 	(1.01	)	 	 	
Efficiency ratio-FTE 1	60.14		 	63.14		 	 	 	62.17		 	62.16		 	 	
Impact of excluding amortization and associated funding cost of intangible assets	(0.93	)	 	(0.60	)	 	 	 	(0.73	)	 	(0.53	)	 	 	
Tangible efficiency ratio-FTE 1	59.21	 %	 	62.54	 %	 	 	 	61.44	 %	 	61.63	 %	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	
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.

28

3Q 17 EARNINGS PRESENTATION October 20, 2017 © 2017 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 forthcoming 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 22. 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 a federal tax rate of 35% and 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. 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, return on average tangible common equity, and tangible book value per share. 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 capital adequacy of the Company. • Similarly, the Company presents an efficiency ratio-FTE and a 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. The 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. This measure is also utilized by management to assess the efficiency 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. The fully phased-in ratio considers a 250% risk-weighting for MSRs and deduction from capital of certain carryforward DTAs, the overfunded pension asset, and other intangible assets. The Company believes this measure may be useful to investors who wish to understand the Company's current compliance with future regulatory requirements. This measure is used by management to analyze capital adequacy of the Company. Important Cautionary Statement about Forward-Looking Statements This presentation contains forward-looking statements. Statements regarding future levels of the net interest margin, deposit betas, hurricane-related losses, tangible efficiency ratio, charge-offs and net charge-off ratio, nonperforming loans, loan loss provision expense, ALLL, preferred stock issuances, and the anticipated impact of potential changes in regulatory capital rules, 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,” “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, 2016 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; 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; we are subject to risks related to delays in the foreclosure process; 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; a failure in or breach of our operational or security systems or infrastructure, or those of our third party vendors and other service providers, including as a result of cyber-attacks, could disrupt our businesses, result in the disclosure or misuse of confidential or proprietary information, damage our reputation, increase our costs and cause losses; 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 financial instruments measured at fair value expose us to certain market risks; our stock price can be volatile; our ability to receive dividends from our subsidiaries or other investments could affect our liquidity and ability to pay dividends; we might not pay dividends on our stock; certain banking laws and certain provisions of our articles of incorporation may have an anti-takeover effect; and the interest rates of our outstanding floating rate indebtedness and assets might be subject to change based on recent regulatory changes. IMPORTANT CAUTIONARY STATEMENT 

 

3 1. The efficiency ratio and tangible efficiency ratios are reported on fully taxable-equivalent (“FTE”) basis. Please refer to slide 22 for GAAP reconciliations 3Q 17 EARNINGS OVERVIEW EPS Trends Key Highlights All changes reflect sequential (2Q 17 to 3Q 17) trends, unless otherwise noted Prior Quarter Variance • EPS increased $0.03, or 3% → 2% revenue growth and disciplined expense management more than offset a higher provision → ALLL build related to anticipated hurricane-related losses → 3Q 17 also included a net expense benefit → Legal accrual reversals largely absorbed by charges associated with efficiency initiatives and improved business performance (see slide 6) Prior Year Variance • EPS increased 16% → Driven by 4% revenue growth, improved efficiency, and increased capital returns, partially offset by hurricane- related provision Profitability • Broad-based revenue growth: up 2% → Net interest income (FTE) up $28 million → Noninterest income up $19 million (driven by capital markets) • Good efficiency progress → Efficiency ratio of 60.1%; tangible efficiency ratio of 59.2%1 Balance Sheet • Net interest margin improved 1 bp • Period-end loans stable; mix improved → Growth in consumer offset by elevated C&I pay downs Credit & Capital • Strong asset quality performance → NCO ratio of 0.21% (up 1 bp) → NPL ratio of 0.48% (down 4 bps) • ALLL ratio increased 3 bps due to anticipated losses from recent hurricanes • Book value per share up 1% $0.91 $0.90 $0.91 $1.03 $1.06 3Q 16 4Q 16 1Q 17 2Q 17 3Q 17 

 

4 NET INTEREST INCOME1 NII growth continues; NIM up 1 bp QoQ and 19 bps YoY Prior Quarter Variance • Net interest margin (FTE) increased 1 bp, driven primarily by higher loan yields, partially offset by increased liability costs • Net interest income (FTE) increased $28 million, or 2%, due to NIM expansion, 1 extra day, and consumer loan growth Prior Year Variance • Net interest margin (FTE) increased 19 bps, driven by: → Higher loan yields as a result of the increases in short-term rates → Improved loan mix (faster growing consumer portfolio) → Lower premium amortization on the securities portfolio • Net interest income (FTE) increased $125 million, or 9%, driven by NIM expansion and earning asset growth 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 22 for a reconciliation of net interest income to net interest income (FTE) 2 $1,308 $1,343 $1,366 $1,403 $1,430 $1,342 $1,377 $1,400 $1,439 $1,467 2.96% 3.00% 3.09% 3.14% 3.15% 3Q 16 4Q 16 1Q 17 2Q 17 3Q 17 Net Interest Income Net Interest Income (FTE) NIM (FTE) ($ in millions) 

 

5 NONINTEREST INCOME Prior Quarter Variance • Noninterest income increased $19 million, or 2% → $24 million increase in capital markets-related income → Record quarter for M&A and equity-related income → Continued strength in debt issuance and hedging-related activity given flatter yield curve → $7 million increase in mortgage-related income due to higher gain-on-sale margins Prior Year Variance • Noninterest income decreased $43 million → Driven by $60 million decline in mortgage- related income given lower refinancing activity → Partially offset by $19 million increase in investment banking income $889 $815 $847 $827 $846 3Q 16 4Q 16 1Q 17 2Q 17 3Q 17 Sequential increase in noninterest income driven by capital markets ($ in millions) 

 

6 NONINTEREST EXPENSE Prior Quarter Variance • Noninterest expense stable sequentially. 3Q 17 included: → $58 million discrete benefits associated with the resolution of several legacy legal matters (operating gains) → $44 million discrete charges associated with ongoing efficiency initiatives (other noninterest expense) → Elevated severance expense → Software writedowns (partially related to transitions to the cloud) → $10 million increase in compensation expense due to strong overall performance Prior Year Variance • Noninterest expense decreased $18 million, as a result of items shown above in addition to ongoing expense discipline → Outside processing and software down $22 million, partially due to heightened focus on third party costs $1,409 $1,397 $1,465 $1,388 $1,391 3Q 16 4Q 16 1Q 17 2Q 17 3Q 17 Expenses down YoY, driven by ongoing efficiency efforts ($ in millions) 

 

7 71.5% 66.9% 65.3% 63.3% 62.6% 62.0% 61.4% <62% <60% 72.0% 67.4% 65.6% 63.7% 63.1% 62.6% 62.2% 2011 2012 2013 2014 2015 2016 2017 YTD 2017 TER Goal 2019 TER Goal 62.5% 63.1% 64.6% 60.6% 59.2% 63.1% 63.7% 65.2% 61.2% 60.1% 3Q 16 4Q 16 1Q 17 2Q 17 3Q 17 Positive operating leverage drives sequential and YoY improvement in tangible efficiency ratio 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, and 2014 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 22 for reconciliations related to the GAAP efficiency ratio EFFICIENCY RATIO & TANGIBLE EFFICIENCY RATIO1 Tangible Efficiency Ratio (TER) Efficiency Ratio 2 2 2 Annual Trend 5-Quarter Trend 

 

8 CREDIT QUALITY Overall asset quality remains very strong; anticipating modest losses from recent hurricanes ($ in millions)  NPLs decline further given improvements in energy & residential portfolios  NCO ratio remains well below historical averages Nonperforming Loans Net Charge-offs $949 $845 $789 $754 $697 0.67% 0.59% 0.55% 0.52% 0.48% 3Q 16 4Q 16 1Q 17 2Q 17 3Q 17 NPLs Total NPL Ratio $126 $136 $112 $70 $78 0.35% 0.38% 0.32% 0.20% 0.21% 3Q 16 4Q 16 1Q 17 2Q 17 3Q 17 NCOs Total NCO Ratio (annualized) Allowance for Loan and Lease Losses $1,743 $1,709 $1,714 $1,731 $1,772 1.23% 1.19% 1.20% 1.20% 1.23% 3Q 16 4Q 16 1Q 17 2Q 17 3Q 17 ALLL ALLL Ratio Provision for Credit Losses $97 $101 $119 $90 $120 3Q 16 4Q 16 1Q 17 2Q 17 3Q 17  Increase provides for hurricane-related losses (anticipated to occur over the next 12-18 months) 

 

9 LOANS Average performing loans stable sequentially and up 2% YoY ($ in billions, average balances) Note: Totals may not foot due to rounding Prior Quarter Variance • Average performing loans stable as strong consumer loan growth (up 4%) was offset by elevated C&I pay downs Prior Year Variance • Average performing loans increased $2.6 billion, or 2% • Strategic investments drove strong growth in consumer lending and further balance sheet optimization → Consumer direct up 19% (primarily driven by LightStream and partnership with GreenSky) → Credit card up 18% → Guaranteed student up 15% $77.1 $77.4 $78.2 $78.4 $77.4 $39.0 $38.8 $38.3 $38.1 $38.3 $25.2 $25.5 $26.3 $27.2 $28.2 $141.3 $141.7 $142.8 $143.7 $144.0 3Q 16 4Q 16 1Q 17 2Q 17 3Q 17 Commercial Residential Consumer 

 

10 DEPOSITS Average client deposits stable sequentially and up 3% YoY ($ in billions, average balances) Prior Quarter Variance • Average client deposits stable • Period-end balances up 2%, driven by growth in NOW accounts (primarily temporary corporate deposits) Prior Year Variance • Average client deposits up 3%, reflects continued success in deepening client relationships across the Company → Consumer average deposits up 3% → Wholesale average deposits up 1% $54.5 $54.4 $54.9 $54.2 $53.3 $43.6 $44.8 $43.1 $43.6 $43.8 $41.2 $42.9 $44.7 $44.4 $44.6 $9.7 $9.6 $9.7 $10.2 $11.2 $6.3 $6.3 $6.4 $6.6 $6.5 $155.3 $158.0 $158.9 $159.1 $159.4 3Q 16 4Q 16 1Q 17 2Q 17 3Q 17 Money Market DDA (Nonint bearing) NOW Time Savings Note: Totals may not foot due to rounding 

 

11 CAPITAL POSITION ($ in billions, except per-share data) Total Equity & Tangible Common Equity Ratios2 Basel III Common Equity Tier 1 (fully phased-in)1 Book Value / Tangible Book Value Per Share3 1. Current quarter amounts are estimated at the time of the earnings release and subject to revision. Please refer to slide 23 for additional details on the current quarter’s calculation 2. Please refer to slide 24 for a reconcilement of total equity to tangible common equity and total assets to tangible assets 3. Please refer to slide 24 for a reconcilement of book value per share to tangible book value per share 12.1% 11.8% 11.6% 11.8% 11.9% 8.6% 8.2% 8.1% 8.1% 8.1% 3Q 16 4Q 16 1Q 17 2Q 17 3Q 17 Avg. Equity/Avg. Assets Tangible Common Equity/Tangible Assets $46.63 $45.38 $45.62 $46.51 $47.16 $34.33 $32.95 $33.05 $33.83 $34.34 3Q 16 4Q 16 1Q 17 2Q 17 3Q 17 Book Value Per Share Tangible Book Value Per Share $16.8 $16.9 $16.8 $17.0 $17.0 9.8% 9.6% 9.7% 9.7% 9.6% 9.7% 9.4% 9.5% 9.5% 9.5% 0 0 0 0 0 0 0 3Q 16 4Q 16 1Q 17 2Q 17 3Q 17 Basel III CET1 ratio Basel III fully phased-in CET1 ratio 

 

12 CONSUMER SEGMENT HIGHLIGHTS 1. Please refer to page 24 of the earnings press release for a reconciliation of efficiency ratio to tangible efficiency ratio Note: NM = not meaningful Solid business momentum overall, particularly with regard to more stable revenue streams • Net interest income up 3% as a result of NIM expansion and 2% loan growth • Noninterest income up 2%, driven by mortgage- related income • 5% decline in noninterest expense driven by legal accrual reversals (also applies to prior year variance) • Net income increased 4%, driven by strong revenue growth → Increase in provision expense (due to hurricanes) largely offset by legal accrual reversals Prior Quarter Variance • Solid business momentum overall → Average loans up 4% → Average deposits up 3% → Managed assets up 8% • 15% decline in noninterest income as a result of: → Lower mortgage-related income (less refinancing activity) → Lower service charges due to posting order changes implemented in 4Q 16 Prior Year Variance ($ in millions) 3Q 16 2Q 17 3Q 17 %Δ Prior Qtr %Δ Prior Yr Net Interest Income $872 $918 $941 3 % 8 % Noninterest Income 555 465 473 2 % (15)% Total Revenue 1,427 1,383 1,414 2 % (1)% Provision for Credit Losses 29 75 136 NM NM Noninterest Expense 985 946 899 (5)% (9)% Net Income $258 $232 $241 4 % (7)% Key Statistics ($ in billions) Total Loans (average) $70.6 $72.0 $73.4 2 % 4 % Client Deposits (average) $99.7 $103.2 $103.1 (0)% 3 % Managed Assets $53.4 $56.4 $57.8 2 % 8 % Full-Service Branches 1,369 1,281 1,275 (0)% (7)% Efficiency Ratio 69.0% 68.4% 63.6% Tangible Efficiency Ratio¹ 68.0% 67.3% 62.4% Mortgage Data: Servicing Portfolio for Others $123.9 $136.1 $135.4 (1)% 9 % Production Volume $8.5 $6.4 $6.2 (4)% (27)% Application Volume $11.9 $8.3 $7.7 (7)% (35)% 

 

13 ($ in millions) 3Q 16 2Q 17 3Q 17 %Δ Prior Qtr %Δ Prior Yr Net Interest Income (FTE) $539 $592 $607 3 % 13 % Noninterest Income 355 386 406 5 % 14 % Total Revenue (FTE) 894 978 1,013 4 % 13 % Provision/(Benefit) for Credit Losses 68 15 (16) NM NM Noninterest Expense 424 457 459 0 % 8 % Net Income $252 $318 $359 13 % 42 % Key Statistics ($ in billions) Total Loans (average) $71.6 $72.3 $71.3 (1)% (1)% Client Deposits (average) $55.5 $55.8 $56.2 1 % 1 % Efficiency Ratio (FTE)¹ 47.4% 46.8% 45.3% Tangible Efficiency Ratio (FTE)¹ 45.4% 44.8% 42.9% WHOLESALE SEGMENT HIGHLIGHTS 1. Please refer to page 26 of the earnings press release for a reconciliation of efficiency ratio (FTE) to tangible efficiency ratio (FTE) 2. “Pillar/Cohen” refers to the businesses purchased in December 2016 from Pillar Financial, LLC and its wholly owned subsidiaries (including Cohen Financial Services (DE), LLC) Note: NM = not meaningful. Totals may not foot due to rounding Strong execution, favorable market conditions, and asset quality improvements result in record revenue and net income • Broad-based growth results in record revenue → Noninterest income up 5%, due to $24 million increase in capital markets-related income → Net interest income (FTE) up 3%, due to NIM expansion • Net income increased $41 million driven by 4% revenue growth, continued expense discipline, and reserve release associated with balance sheet trends and overall asset quality improvements Prior Quarter Variance • Net interest income up 13% due to NIM expansion → Decline in average loans driven by elevated pay downs in 2017 • Noninterest income up 14% as a result of: → $19 million increase in investment banking income; broad-based growth across majority of products → Incremental revenue from Pillar/Cohen2 • Good expense management drives positive operating leverage; 260 bp improvement in tangible efficiency ratio → 8% increase in noninterest expenses primarily related to improved business performance, investments in technology, and the acquisition of Pillar/Cohen2 Prior Year Variance 

 

14 EXECUTING AGAINST OUR STRATEGIES: WELL POSITIONED FOR FUTURE SUCCESS • 19 bp YoY and 1 bp QoQ increase in NIM (FTE) • 59.2% 3Q and 61.4% YTD tangible efficiency ratio2; on track to achieve targets → 2017 TER: <62% → 2019 TER: <60% • ROA: 1.04% Improving Efficiency & Returns • Commenced 2017 Capital Plan which includes: → 54% increase in dividends → 38% increase in share repurchases → 3% decline in shares outstanding • 9.5% Basel III CET1 ratio (fully phased-in)3 Strong Capital Position • 4% revenue growth driven by: → 9% increase in net interest income (FTE) as a result of improved rate environment and continued balance sheet optimization → Consistent growth in areas of differentiation (investment banking income up 13% and consumer lending average balances up 12%) • Investing in technology: mobile sign-ons and deposits up 20% • 16% EPS growth achieved despite ~50% decline in mortgage production income; reflects franchise diversity Strong & Diverse Franchise; Investing in Growth Investment Thesis 3Q 17 Accomplishments1 1. Figures refer to the YoY change of 3Q 16 vs. 3Q 17 unless otherwise noted 2. Efficiency ratio (FTE) was 60.1% and 62.2% for 3Q 17 and YTD, respectively. Please refer to slide 22 for GAAP reconciliations 3. Please refer to slide 23 for Basel III CET1 (transitional) to Basel III CET1 (fully phased-In) reconciliation 

 

APPENDIX 

 

16 5-QUARTER FINANCIAL HIGHLIGHTS 1. Please refer to slide 22 for the GAAP reconciliations 2. Please refer to page 22 of the earnings press release for GAAP reconciliations 3. Please refer to slide 23 for the reconciliation of Basel III CET1 (transitional) to Basel III CET1 (fully phased-In) 4. Please refer to slide 24 for a reconcilement to book value per share 3Q 16 4Q 16 1Q 17 2Q 17 3Q 17 EPS (diluted) $0.91 $0.90 $0.91 $1.03 $1.06 Efficiency Ratio (FTE) 63.1% 63.7% 65.2% 61.2% 60.1% Tangible Efficiency Ratio (FTE)1 62.5% 63.1% 64.6% 60.6% 59.2% Net Interest Margin (FTE) 2.96% 3.00% 3.09% 3.14% 3.15% Return on Average Assets 0.94% 0.91% 0.93% 1.03% 1.04% Return on Average Common Equity 7.9% 7.9% 8.2% 9.1% 9.0% Return on Average Tangible Common Equity2 10.7% 10.8% 11.3% 12.5% 12.5% Average Performing Loans ($ in billions) $141.3 $141.7 $142.8 $143.7 $144.0 Average Client Deposits ($ in billions) $155.3 $158.0 $158.9 $159.1 $159.4 NPL Ratio 0.67% 0.59% 0.55% 0.52% 0.48% NCO Ratio 0.35% 0.38% 0.32% 0.20% 0.21% ALLL Ratio 1.23% 1.19% 1.20% 1.20% 1.23% Basel III Common Equity Tier 1 Ratio (transitional) 9.8% 9.6% 9.7% 9.7% 9.6% Basel III Common Equity Tier 1 Ratio (fully phased-in)3 9.7% 9.4% 9.5% 9.5% 9.5% Book Value Per Share $46.63 $45.38 $45.62 $46.51 $47.16 Tangible Book Value Per Share4 $34.33 $32.95 $33.05 $33.83 $34.34 Balance Sheet Credit & Capital Profitability 

 

17 MORTGAGE SERVICING INCOME: SUPPLEMENTAL INFORMATION 1. Includes contractually specified servicing fees, late charges, interest curtailment expense, and other ancillary revenues 2. Due primarily to the receipt of monthly servicing fees and from prepayments 3. Includes both the fair value mark-to-market of the MSR asset from changes in market rates and other assumption updates, exclusive of the decay, and the impact of using derivatives to hedge the risk of changes in the fair value of the MSR asset Note: Totals may not foot due to rounding ($ in millions) 3Q 16 4Q 16 1Q 17 2Q 17 3Q 17 Servicing Fees1 $93 $93 $100 $100 $99 ($60) ($69) ($50) ($57) ($58) Net MSR Fair Value and Hedge Activity3 $16 $1 $7 $1 $5 Mortgage Servicing Income $49 $25 $58 $44 $46 Memo: Total Loans Serviced for Others (average balance) $124,729 $126,765 $134,444 $136,376 $135,438 Annualized Servicing Fees / Average Loans Serviced for Others (bps) 30 29 30 30 29 Changes in MSR Value from Collection/Realization of Cash Flow (Decay)2 

 

18 Memo: 30-89 Accruing Delinquencies 3Q 16 4Q 16 1Q 17 2Q 17 3Q 17 3Q 17 Loan Balance Commercial & industrial 0.05% 0.05% 0.05% 0.05% 0.08% $67,758 Commercial real estate 0.04% 0.02% 0.03% 0.04% 0.02% $5,238 Commercial construction 0.00% 0.00% 0.00% 0.00% 0.00% $3,964 Total Commercial Loans 0.05% 0.05% 0.04% 0.05% 0.07% $76,960 Residential mortgages – guaranteed - - - - - $497 Residential mortgages – nonguaranteed 0.29% 0.32% 0.26% 0.21% 0.27% $27,041 Home equity products 0.63% 0.68% 0.63% 0.66% 0.85% $10,865 Residential construction 0.29% 0.64% 0.33% 0.30% 0.28% $327 Total Residential Loans¹ 0.40% 0.44% 0.37% 0.34% 0.43% $38,730 Guaranteed student loans - - - - - $6,559 Other direct 0.38% 0.43% 0.39% 0.36% 0.44% $8,597 Indirect 0.99% 1.18% 0.83% 0.83% 1.09% $11,952 Credit cards 0.77% 0.83% 0.74% 0.75% 0.89% $1,466 Total Consumer Loans² 0.74% 0.86% 0.65% 0.64% 0.82% $28,574 Total SunTrust - excl. gov.-guaranteed delinquencies³ 0.25% 0.27% 0.22% 0.22% 0.29% $137,208 Impact of excluding gov.-guaranteed delinquencies 0.39% 0.45% 0.50% 0.44% 0.42% $7,056 Total SunTrust - incl. gov.-guaranteed delinquencies4 0.64% 0.72% 0.72% 0.66% 0.71% $144,264 30-89 DAY DELINQUENCIES BY LOAN CLASS 1. Excludes delinquencies on all federally guaranteed mortgages 2. Excludes delinquencies on federally guaranteed student loans 3. Excludes delinquencies on federally guaranteed mortgages and student loans from the calculation 4. Excludes mortgage loans guaranteed by GNMA that SunTrust has the option, but not the obligation, to repurchase Note: Totals may not foot due to rounding ($ in millions) 

 

19 NONPERFORMING LOANS BY LOAN CLASS Note: Totals may not foot due to rounding Memo: Nonperforming Loans ($ in millions) 3Q 16 4Q 16 1Q 17 2Q 17 3Q 17 3Q 17 Loan Balance Commercial & industrial $501 $390 $328 $304 $292 $67,758 Commercial real estate 10 7 6 5 5 $5,238 Commercial construction 2 17 18 16 1 $3,964 Total Commercial Loans $513 $414 $352 $325 $298 $76,960 Residential mortgages – guaranteed - - - - - $497 Residential mortgages – nonguaranteed 183 177 179 181 161 $27,041 Home equity products 235 235 237 226 214 $10,865 Residential construction 11 12 12 12 11 $327 Total Residential Loans $429 $424 $428 $419 $386 $38,730 Guaranteed student loans - - - - - $6,559 Other direct 5 6 5 5 6 $8,597 Indirect 2 1 4 5 7 $11,952 Credit cards - - - - - $1,466 Total Consumer Loans $7 $7 $9 $10 $13 $28,574 Total SunTrust $949 $845 $789 $754 $697 $144,264 NPLs / Total Loans 0.67% 0.59% 0.55% 0.52% 0.48% 

 

20 NET CHARGE-OFF RATIOS BY LOAN CLASS Note: Totals may not foot due to rounding Memo: Net Charge-off Ratio (annualized) 3Q 16 4Q 16 1Q 17 2Q 17 3Q 17 3Q 17 Loan Balance Commercial & industrial 0.41 % 0.35 % 0.29 % 0.10 % 0.09 % $67,758 Commercial real estate 0.01 % (0.01)% (0.02)% 0.00 % 0.44 % $5,238 Commercial construction (0.01)% 0.88 % (0.02)% 0.10 % (0.01)% $3,964 Total Commercial Loans 0.37 % 0.35 % 0.26 % 0.10 % 0.11 % $76,960 Residential mortgages – guaranteed - - - - - $497 Residential mortgages – nonguaranteed 0.17 % 0.23 % 0.17 % 0.14 % 0.14 % $27,041 Home equity products 0.31 % 0.37 % 0.35 % 0.20 % 0.15 % $10,865 Residential construction 0.11 % (0.50)% (0.34)% 0.84 % 1.63 % $327 Total Residential Loans 0.21 % 0.26 % 0.22 % 0.16 % 0.15 % $38,730 Guaranteed student loans - - - - - $6,559 Other direct 0.51 % 0.61 % 0.61 % 0.70 % 0.70 % $8,597 Indirect 0.62 % 0.81 % 0.78 % 0.45 % 0.59 % $11,952 Credit cards 2.20 % 2.32 % 2.61 % 2.77 % 2.55 % $1,466 Total Consumer Loans 0.52 % 0.64 % 0.64 % 0.54 % 0.59 % $28,574 Total SunTrust 0.35 % 0.38 % 0.32 % 0.20 % 0.21 % $144,264 ($ in millions) 

 

21 NET CHARGE-OFFS BY LOAN CLASS Note: Totals may not foot due to rounding Memo: Net Charge-offs ($ in millions) 3Q 16 4Q 16 1Q 17 2Q 17 3Q 17 3Q 17 Loan Balance Commercial & industrial $71 $60 $50 $18 $16 $67,758 Commercial real estate 0 0 0 - 6 $5,238 Commercial construction 0 9 0 1 0 $3,964 Total Commercial Loans $71 $69 $50 $19 $22 $76,960 Residential mortgages – guaranteed - - - - - $497 Residential mortgages – nonguaranteed 11 15 10 9 9 $27,041 Home equity products 10 11 10 5 5 $10,865 Residential construction 0 0 0 1 1 $327 Total Residential Loans $21 $26 $20 $15 $15 $38,730 Guaranteed student loans - - - - - $6,559 Other direct 9 12 12 14 15 $8,597 Indirect 17 21 21 13 18 $11,952 Credit cards 7 8 9 9 8 $1,466 Total Consumer Loans $34 $41 $42 $36 $41 $28,574 Total SunTrust $126 $136 $112 $70 $78 $144,264 

 

22 3Q 16 4Q 16 1Q 17 2Q 17 3Q 17 2011 2012 2013 2014 2015 2016 2017 YTD Reported (GAAP) Basis Net Interest Income 1,308 1,343 1,366 1,403 1,430 5,065 5,102 4,853 4,840 4,764 5,221 4,199 Noninterest Income 889 815 847 827 846 3,421 5,373 3,214 3,323 3,268 3,383 2,520 Revenue 2,197 2,158 2,213 2,230 2,276 8,486 10,475 8,067 8,163 8,032 8,604 6,719 Noninterest Expense¹ 1,409 1,397 1,465 1,388 1,391 6,194 6,284 5,831 5,543 5,160 5,468 4,243 Efficiency Ratio 64.1% 64.7% 66.2% 62.2% 61.1% 73.0% 60.0% 72.3% 67.9% 64.2% 63.6% 63.2% Reconciliation: Net Interest Income 1,308 1,343 1,366 1,403 1,430 5,065 5,102 4,853 4,840 4,764 5,221 4,199 FTE Adjustment 34 34 34 36 37 114 123 127 142 142 138 107 Net Interest Income-FTE 1,342 1,377 1,400 1,439 1,467 5,179 5,225 4,980 4,982 4,906 5,359 4,306 Noninterest Income 889 815 847 827 846 3,421 5,373 3,214 3,323 3,268 3,383 2,520 Revenue-FTE 2,231 2,192 2,247 2,266 2,313 8,600 10,598 8,194 8,305 8,174 8,742 6,826 Efficiency Ratio-FTE 63.1% 63.7% 65.2% 61.2% 60.1% 72.0% 59.3% 71.2% 66.7% 63.1% 62.6% 62.2% 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 Adjusted Noninterest Income 889 815 847 827 846 3,421 3,898 3,277 3,218 3,268 3,383 2,520 Adjusted Revenue-FTE² 2,231 2,192 2,247 2,266 2,313 8,600 9,123 8,257 8,200 8,174 8,742 6,826 Noninterest Expense¹ 1,409 1,397 1,465 1,388 1,391 6,194 6,284 5,831 5,543 5,160 5,468 4,243 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 Adjusted Noninterest Expense² 1,409 1,397 1,465 1,388 1,391 6,194 6,150 5,412 5,219 5,160 5,468 4,243 Amortization Expense 14 14 13 15 22 43 46 23 25 40 49 49 Adjusted Tangible Expenses² 1,395 1,383 1,452 1,373 1,369 6,151 6,104 5,389 5,194 5,120 5,419 4,194 Adjusted Efficiency Ratio-FTE³ 63.1% 63.7% 65.2% 61.2% 60.1% 72.0% 67.4% 65.6% 63.7% 63.1% 62.6% 62.2% Adjusted Tangible Efficiency Ratio-FTE³ 62.5% 63.1% 64.6% 60.6% 59.2% 71.5% 66.9% 65.3% 63.3% 62.6% 62.0% 61.4% 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 (0.60%), (0.65%), (0.59%), (0.65%), (0.95%), (0.50%), (0.50%), (0.28%), (0.30%), (0.49%), (0.56%), and (0.72%) for 3Q 16, 4Q 16, 1Q 17, 2Q 17, 3Q 17, 2011, 2012, 2013, 2014, 2015, 2016, and 2017 YTD, respectively Note: 2012, 2013, and 2014 values represent the adjusted efficiency ratio and adjusted tangible efficiency ratio, 3Q 16, 4Q 16, 1Q 17, 2Q 17, 3Q 17, 2011, 2015, 2016, and 2017 YTD represent reported efficiency ratio and reported tangible efficiency ratio 

 

23 RECONCILIATION: COMMON EQUITY TIER 1 RATIO1 1. The Common Equity Tier 1 ratio is subject to certain phase-in requirements under Basel III beginning in 2015, and as such we have presented a reconciliation of the Common Equity Tier 1 ratio as calculated considering the phase-in requirements (Common Equity Tier 1 – Transitional) to the fully phased-in ratio. All figures are estimated at the time of the earnings release, subject to revision, and based on current capital rules 2. Primarily includes the phase-out from capital of certain DTAs, the overfunded pension asset, and other intangible assets 3. Primarily relates to the increased risk weight to be applied to mortgage servicing assets on a fully phased-in basis Note: Totals may not foot due to rounding 3Q 17 Common Equity Tier 1 – Transitional $17.0 Adjustments2 (0.0) Common Equity Tier 1 – Fully phased-in $17.0 Risk-weighted Assets: Common Equity Tier 1 – Transitional $176.9 Adjustments3 2.5 Risk-weighted Assets: Common Equity Tier 1 – Fully phased-in $179.4 Common Equity Tier 1 – Transitional 9.6% Common Equity Tier 1 – Fully phased-in 9.5% ($ in billions) 

 

24 RECONCILIATION: OTHER NON-GAAP MEASURES Note: Totals may not foot due to rounding 3Q 16 4Q 16 1Q 17 2Q 17 3Q 17 Total Shareholders' Equity $24.4 $23.6 $23.5 $24.5 $24.5 Goodwill, Net of Deferred Taxes (6.1) (6.1) (6.1) (6.1) (6.1) Other Intangible Assets Including MSRs, Net of Deferred Taxes (1.1) (1.7) (1.7) (1.7) (1.7) MSRs 1.1 1.6 1.7 1.7 1.7 Tangible Equity $18.4 $17.5 $17.4 $18.4 $18.4 Noncontrolling Interest (0.1) (0.1) (0.1) (0.1) (0.1) Preferred Stock (1.2) (1.2) (1.2) (2.0) (2.0) Tangible Common Equity $17.0 $16.2 $16.1 $16.3 $16.3 Total Assets 205.1 204.9 205.6 207.2 208.3 Goodwill (6.3) (6.3) (6.3) (6.3) (6.3) Other Intangible Assets Including MSRs, Net of Deferred Taxes (1.1) (1.7) (1.7) (1.7) (1.7) MSRs 1.1 1.6 1.7 1.7 1.7 Tangible Assets $198.7 $198.5 $199.3 $200.9 $201.9 Average Equity / Average Assets 12.1% 11.8% 11.6% 11.8% 11.9% Total Equity / Total Assets 11.9% 11.5% 11.4% 11.8% 11.8% Tangible Equity / Tangible Assets 9.2% 8.8% 8.7% 9.2% 9.1% Tangible Common Equity / Tangible Assets 8.6% 8.2% 8.1% 8.1% 8.1% Book Value Per Common Share $46.63 $45.38 $45.62 $46.51 $47.16 Tangible Book Value Per Common Share $34.33 $32.95 $33.05 $33.83 $34.34 ($ in billions, except per-share data)