SunTrust Banks, Inc.d18rn0p25nwr6d.cloudfront.net/CIK-0000750556/ecf53cf5-e0...Item 2.02 Results of...

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): July 21, 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 (seeGeneral 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 Rule12b-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 financialaccounting 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 July 21, 2017 , SunTrust Banks, Inc. (the “Registrant”) announced financial results for the period ended June 30, 2017 . A copy of the news release announcing such results isattached 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 July 21, 2017 , at 8:00a.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 anotherfiling 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 presentationmaterials 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 inferenceregarding 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 July 21, 2017 (furnished with the Commission as a part of this Form 8-K).

99.2 Presentation slides dated July 21, 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 dulyauthorized.

SUNTRUST BANKS, INC.

(Registrant)

Date: July 21, 2017 By: /s/ R. Ryan Richards

R. Ryan Richards,Senior Vice President, Controller

Exhibit 99.1

News Release

Contact: Investors Media Ankur Vyas Hugh Suhr (404) 827-6714 (404) 827-6813

For Immediate ReleaseJuly 21 , 2017

SunTrust Reports Second Quarter 2017 Results

Consistent Execution Against Key StrategiesResults in 10% Year-over-Year EPS Growth

ATLANTA -- SunTrust Banks, Inc. (NYSE: STI) reported net income available to common shareholders of $505 million , or $1.03 per average commondiluted share.

Earnings per average common diluted share increased 13% compared to the first quarter and 10% compared to the second quarter of 2016 . For thefirst half of 2017 , earnings per share grew 9% compared to the same period a year ago.

“Our strong performance this quarter reflects our commitment to deliver against our strategy. We continued to realize benefits from our consistentfocus on optimizing our business mix and investing in growth, made further progress in improving our efficiency, and significantly increased our capitalreturns to shareholders,” said William H. Rogers, Jr., chairman and CEO of SunTrust Banks, Inc. “Overall, I am pleased with the momentum we havecreated; our fundamentals are strong, our execution continues to improve, and I am confident in our ability to deliver further growth for our clients,communities, teammates, and shareholders.”

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Second 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 taxequivalent 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 taxrate 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 Aon pages 22 and 23 .)

Income Statement

• Net income available to common shareholders was $505 million , or $1.03 per average common diluted share, compared to $0.91 for the priorquarter and $0.94 for the second quarter of 2016 .

• Total revenue increased 1% compared to the prior quarter and 2% compared to the second quarter of 2016 .

◦ These increases were driven largely by higher net interest income as a result of net interest margin expansion and growth in earning assets.

• Net interest margin was 3.14% in the current quarter, up 5 basis points sequentially and up 15 basis points compared to the prior year, driven byhigher earning asset yields arising from higher benchmark interest rates, continued positive mix shift in the loan portfolio, and lower premiumamortization in the securities portfolio.

• Provision for credit losses decreased $29 million sequentially and $56 million year-over-year primarily as a result of lower net charge-offs.

• Noninterest expense decline d 5% sequentially and increased 3% compared to the prior year.

◦ The sequential decrease was driven primarily by a seasonal decline in personnel costs, higher branch closure and severance costs recognizedin the prior quarter, and lower operating losses.

◦ The increase relative to the prior year was driven primarily by the recent acquisition of Pillar & Cohen Financial ("Pillar/Cohen"), highercompensation (as a result of improved business performance), higher net occupancy expense, and higher FDIC premiums, partially offset bylower other noninterest expense.

• The efficiency and tangible efficiency ratios in the current quarter were 61.2% and 60.6% , respectively, which represent significant improvementscompared to the prior quarter, driven primarily by seasonal declines in employee benefits costs, ongoing expense management initiatives, and solidrevenue growth.

Balance Sheet

• Average loan balances increased 1% sequentially and 2% year-over-year, driven primarily by growth in consumer lending.

• Average consumer and commercial deposits increase d slight ly sequentially and increased 3% compared to the second quarter of 2016 , driven bygrowth in demand and time deposits.

Capital

• Estimated capital ratios continue to be well above regulatory requirements. The Common Equity Tier 1 ("CET1") ratio was estimated to be 9.7% asof June 30, 2017 , and 9.5% on a fully phased-in basis.

• During the quarter, the Company:

◦ Issued $750 million of 5.05% preferred stock (Series G) and repurchased $240 million of its outstanding common stock, which completedits share repurchases under its 2016 Capital Plan.

◦ Announced its 2017 Capital Plan, which includes:

▪ The purchase of up to $1.32 billion of its outstanding common stock between the third quarter of 2017 and the second quarter of2018 (representing a 38% increase).

▪ A 54% increase in the quarterly common stock dividend from $0.26 per share to $0.40 per share, beginning in the third quarter of2017, subject to approval by the Company's Board of Directors.

• Book value per common share was $46.51 and tangible book value per common share was $33.83 , both up 2% from March 31, 2017 , drivenprimarily by growth in retained earnings.

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Asset Quality

• Nonperforming loans decreased $35 million from the prior quarter and represented 0.52% of total loans at June 30, 2017 . The sequential decreasewas driven by the return to accrual status of certain nonperforming energy-related loans during the current quarter.

• Net charge-offs for the current quarter were $70 million , or 0.20% of average loans on an annualized basis, down $42 million sequentially and $67million year-over-year driven by overall asset quality improvements for both periods as well as lower energy-related net charge-offs year-over-year.

• The provision for credit losses decreased $29 million sequentially as a result of lower net charge-offs.

• At June 30, 2017 , the allowance for loan and lease losses ("ALLL") to period-end loans held for investment ("LHFI") ratio was 1.20% , stablecompared to the prior quarter.

Income Statement (Dollars in millions, except per share data) 2Q 2017 1Q 2017 4Q 2016 3Q 2016 2Q 2016

Net interest income $1,403 $1,366 $1,343 $1,308 $1,288

Net interest income-FTE 2 1,439 1,400 1,377 1,342 1,323

Net interest margin 3.06% 3.02% 2.93% 2.88% 2.91%

Net interest margin-FTE 2 3.14 3.09 3.00 2.96 2.99

Noninterest income $827 $847 $815 $889 $898

Total revenue 2,230 2,213 2,158 2,197 2,186

Total revenue-FTE 2 2,266 2,247 2,192 2,231 2,221

Noninterest expense 1,388 1,465 1,397 1,409 1,345

Provision for credit losses 90 119 101 97 146

Net income available to common shareholders 505 451 448 457 475

Earnings per average common diluted share 1.03 0.91 0.90 0.91 0.94 Balance Sheet (Dollars in billions)

Average loans held for investment ("LHFI") $144.4 $143.7 $142.6 $142.3 $141.2

Average consumer and commercial deposits 159.1 158.9 158.0 155.3 154.2 Capital

Capital ratios at period end 1 :

Tier 1 capital (transitional) 10.80% 10.40% 10.28% 10.50% 10.57%

Common Equity Tier 1 ("CET1") (transitional) 9.67 9.69 9.59 9.78 9.84

Common Equity Tier 1 ("CET1") (fully phased-in) 2 9.52 9.54 9.43 9.66 9.73

Total average shareholders’ equity to total average assets 11.80 11.59 11.84 12.12 12.11 Asset Quality

Net charge-offs to average LHFI (annualized) 0.20% 0.32% 0.38% 0.35% 0.39%

ALLL to period-end LHFI 1.20 1.20 1.19 1.23 1.25

Nonperforming loans to total loans 0.52 0.55 0.59 0.67 0.671 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.

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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 $19 million compared to the prior quarter. Net interest income increased $39million sequentially due to a higher net interest margin and growth in average earning assets. Noninterest income decreased $20 million sequentially drivenprimarily by lower capital markets and mortgage-related income. Compared to the second quarter of 2016 , total revenue increased $45 million , driven by a$116 million increase in net interest income, which was partially offset by a $63 million decrease in mortgage-related income.

Net Interest Income

Net interest income was $1.4 billion for the current quarter, an increase of $39 million and $116 million compared to the prior quarter and prior year,respectively. Both increases were driven primarily by net interest margin expansion and growth in earning assets.

Net interest margin for the current quarter was 3.14% , compared to 3.09% in the prior quarter and 2.99% in the second quarter of 2016 . The 5 and 15basis point increases relative to the prior quarter and prior year were driven primarily by higher earning asset yields arising from higher benchmark interestrates, continued positive mix shift in the loan portfolio, and lower premium amortization in the securities portfolio, partially offset by higher deposit costs.

For the six months ended June 30 , 2017 , net interest income was $2.8 billion , a $199 million increase compared to the first six months of 2016 . Thenet interest margin was 3.11% for the first half of 2017 , a 10 basis point increase compared to the same period in 2016 . The increases in both net interestincome and net interest margin were driven by the same factors that impacted the prior year comparison discussed above.

Noninterest Income

Noninterest income was $827 million for the current quarter, compared to $847 million for the prior quarter and $898 million for the second quarter of2016 . The $20 million sequential decrease was due primarily to lower capital markets and mortgage-related income. Compared to the second quarter of2016 , noninterest income decrease d $71 million , driven largely by lower mortgage-related income and reduced service charges on deposit accounts, aswell as the $44 million of net asset-related gains recognized during the second quarter of 2016. These year-over-year decreases were partially offset byhigher capital markets and commercial real estate related income (which is favorably impacted by the acquisition of Pillar/Cohen in December 2016).

Investment banking income was $147 million for the current quarter, compared to $167 million in the prior quarter and $126 million in the secondquarter of 2016 . The $20 million decrease compared to the prior quarter is due to lower capital market originations (specifically in syndicated finance) inthe current quarter following record performance in the prior quarter. The $21 million increase compared to the second quarter of 2016 was due to strongdeal flow activity, particularly in syndicated finance and M&A advisory.

Trading income was $46 million for the current quarter, compared to $51 million in the prior quarter and $34 million in the second quarter of 2016 . Thesequential decrease was due to lower client-related interest rate hedging activity during the current quarter. The increase compared to the second quarter of2016 was driven largely by the recognition of higher counterparty credit valuation reserves (as a result of an adjustment to the internal reserve methodology)in the second quarter of 2016.

Mortgage production income for the current quarter was $56 million , compared to $53 million for the prior quarter and $111 million for the secondquarter of 2016 . The $55 million decrease from the second quarter of 2016 was due to lower production volume and lower gain-on-sale margins. Mortgageapplication volume increased 7% sequentially and decreased 26% compared to the second quarter of 2016 . Closed loan volume increased 17% sequentially,but decreased 12% compared to the second quarter of 2016.

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Mortgage servicing income was $44 million for the current quarter, compared to $58 million in the prior quarter and $52 million in the second quarterof 2016 . The $14 million sequential decrease was due to higher servicing asset decay and lower net hedge performance. The $8 million decrease comparedto the second quarter of 2016 was due largely to lower net hedge performance and higher servicing asset decay, partially offset by higher servicing fees. AtJune 30, 2017 and 2016 , the servicing portfolio totaled $165.6 billion and $154.5 billion , respectively, and was $164.5 billion at March 31, 2017 .

Retail investment income was $70 million for the current quarter, compared to $68 million in the prior quarter and $72 million in the second quarter of2016 . The $2 million increase compared to the prior quarter is due to growth in retail brokerage managed assets. The $2 million decrease compared to theprior year was a result of reduced client transactional activity.

Client transaction-related fees (namely service charges on deposits, other charges and fees, and card fees) increased $16 million compared to the priorquarter due largely to higher client spend activity, increased incidence rates on deposit accounts and higher commitment fees. Compared to second quarterof 2016, client transaction-related fees decreased $8 million due to the impact of the enhanced posting order process instituted during the fourth quarter of2016.

Commercial real estate related income was $24 million for the current quarter, compared to $20 million for the prior quarter and $10 million for thesecond quarter of 2016 . The $4 million sequential increase was due primarily to higher structured real estate-related gains. The $14 million increasecompared to the second quarter of 2016 was attributable to revenue from Pillar/Cohen, which the Company acquired in December 2016.

Other noninterest income was $22 million for the current quarter, compared to $30 million in the prior quarter and $65 million in the second quarter of2016 . The $8 million decrease compared to the sequential quarter was due primarily to gains on the sale of affordable housing investments recognizedduring the prior quarter. The $43 million decrease compared to the prior year was due primarily to the $44 million of net asset-related gains recognizedduring the second quarter of 2016.

For the six months ended June 30 , 2017 , noninterest income was $1.7 billion , a decrease of $6 million compared to the first six months of 2016 ashigher capital markets and commercial real estate related income were offset by lower mortgage-related and other noninterest income as well as reducedservice charges on deposit accounts.

Noninterest Expense

Noninterest expense was $1.4 billion in the current quarter, representing a sequential decline of $77 million and an increase of $43 million compared tothe second quarter of 2016 . The sequential decrease was driven primarily by the seasonal decline in personnel costs, higher branch closure and severancecosts recognized in the prior quarter (recorded in other noninterest expense), and lower operating losses. The increase relative to the prior year was drivenprimarily by the recent acquisition of Pillar/Cohen, higher compensation (as a result of improved business performance), higher net occupancy expense, andhigher FDIC premiums, partially offset by lower other noninterest expense.

Employee compensation and benefits expense was $796 million in the current quarter, compared to $852 million in the prior quarter and $763 million inthe second quarter of 2016 . The sequential decrease of $56 million was due to the seasonal decrease in employee benefits costs. The $33 million increasecompared to the second quarter of 2016 was due primarily to incremental compensation costs associated with the acquisition of Pillar/Cohen and highercompensation costs associated with revenue growth.

Operating losses were $19 million in the current quarter, compared to $32 million in the prior quarter and $25 million in the second quarter of 2016 .The decrease relative to the first quarter was largely due to higher legal accruals recognized during the prior quarter. The year-over-year decrease was due tohigher regulatory, compliance and legal-related charges recognized in the prior year.

Outside processing and software expense was $204 million in the current quarter, stable compared to $205 million in the prior quarter and $202 millionin the second quarter of 2016 .

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FDIC premium and regulatory expense was $49 million in the current quarter, compared to $48 million in the prior quarter and $44 million in thesecond quarter of 2016 . The $5 million increase compared to the prior year was driven by the FDIC surcharge on large banks, which became effectiveduring the third quarter of 2016, and a larger assessment base attributable to balance sheet growth.

Marketing and customer development expense was $42 million in the current quarter, compared to $42 million in the prior quarter and $38 million inthe second quarter of 2016 . The increase relative to the prior year was driven by normal variability in advertising and client development costs.

Net occupancy expense was $94 million in the current quarter, compared to $92 million in the prior quarter and $78 million in the second quarter of2016 . The year-over-year increase was due primarily to a reduction in amortized gains from prior sale leaseback transactions.

Other noninterest expense was $126 million in the current quarter, compared to $142 million in both the prior quarter and second quarter of 2016 . Thesequential decrease was primarily due to higher branch closure and severance costs incurred in the prior quarter. The year-over-year decrease was drivenprimarily by lower severance and credit collection-related expenses.

For the six months ended June 30, 2017, noninterest expense was $2.9 billion compared to $2.7 billion for the first six months of 2016. The $190million increase was driven largely by higher employee compensation expense (primarily related to higher revenue and the acquisition of Pillar/Cohen), netoccupancy costs, FDIC premium and regulatory expense, and other noninterest expense (related primarily to branch closure costs and legal and consultingfees).

Income Taxes

For the current quarter, the Company recorded an income tax provision of $222 million , compared to $159 million for the prior quarter and $201million for the second quarter of 2016 . The prior quarter was favorably impacted by $23 million in discrete tax benefits . The effective tax rate for thecurrent quarter was 30% , compared to 25% in the prior quarter and 29% in the second quarter of 2016 .

Balance Sheet

At June 30, 2017 , the Company had total assets of $207.2 billion and total shareholders’ equity of $24.5 billion , representing 12% of total assets. Bookvalue per common share was $46.51 and tangible book value per common share was $33.83 , both up 2% compared to March 31, 2017 driven primarily bygrowth in retained earnings and a lower accumulated other comprehensive loss.

Loans

Average performing loans were $143.7 billion for the current quarter, a 1% increase over the prior quarter and a 2% increase over the second quarter of2016 . The sequential and year-over-year growth was driven largely by increases in consumer lending, offset partially by declines in home equity products.

Deposits

Average consumer and commercial deposits for the current quarter were $159.1 billion , a slight increase over the prior quarter and a 3% increase overthe second quarter of 2016 . The sequential growth was due largely to a 5% increase in time deposits and a 1% increase in demand deposits, offset partiallyby declines in both NOW and money market account balances. Compared to the second quarter of 2016 , growth was driven primarily by increases in NOWand money market account balances.

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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 9.7% atJune 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 assetswere 11.8% and 8.1% , respectively, at June 30 , 2017 . The Company continues to have substantial available liquidity in the form of cash, high-qualitygovernment-backed or government-sponsored securities, and other available contingency funding sources.

The Company declared a common stock dividend of $0.26 per common share and repurchased $240 million of its outstanding common stock in thesecond quarter of 2017 , which completed its authorized common equity repurchases as approved by the Board in conjunction with the 2016 Capital Plan.Additionally, the Company issued $750 million of 5.05% noncumulative perpetual preferred stock, Series G, in May 2017 .

In June 2017, the Company announced that the Federal Reserve had no objections to its 2017 Capital Plan. This plan includes the repurchase of up to$1.32 billion of the Company's outstanding common stock between the third quarter of 2017 and the second quarter of 2018 (representing a 38% increase inthe average quarterly repurchase amount compared to the previous authorization). Additionally, subject to Board approval, the Company intends to increaseits quarterly common stock dividend 54% to $0.40 per common share beginning in the third quarter of 2017 and to maintain the current level of dividendpayments on its preferred stock.

Asset Quality

Total nonperforming assets were $821 million at June 30, 2017 , down $37 million compared to the prior quarter and $180 million compared to thesecond quarter of 2016 . The decrease in nonperforming assets compared to both the prior quarter and the prior year was due primarily to the continuedresolution of problem energy credits. The ratio of nonperforming loans to total loans held for investment was 0.52% , 0.55% , and 0.67% at June 30 , 2017 ,March 31 , 2017 , and June 30 , 2016 , respectively.

Net charge-offs were $70 million during the current quarter, a decrease of $42 million compared to the prior quarter and $67 million compared to thesecond quarter of 2016 . The decrease was primarily driven by overall asset quality improvements for both periods as well as lower energy-related netcharge-offs year-over-year. The ratio of annualized net charge-offs to total average loans held for investment was 0.20% during the current quarter,compared to 0.32% during the prior quarter and 0.39% during the second quarter of 2016 . The provision for credit losses was $90 million in the currentquarter, a decrease of $29 million compared to the prior quarter and $56 million compared to the second quarter of 2016 .

At June 30 , 2017 , the ALLL was $1.7 billion , which represented 1.20% of total loans, stable relative to March 31 , 2017 .

Early stage delinquencies decreased 6 basis points from the prior quarter to 0.66% at June 30 , 2017 . Excluding government-guaranteed loans whichaccount for 0.44% , early stage delinquencies were 0.22% , unchanged compared to the prior quarter and down 1 basis point from a year ago.

Accruing restructured loans totaled $2.5 billion and nonaccruing restructured loans totaled $321 million at June 30, 2017 , of which $2.5 billion wereresidential loans, $177 million were consumer loans, and $128 million were commercial loans.

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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 anextensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states, along with 24-hour digital access. Certain business linesserve consumer, commercial, corporate, and institutional clients nationally. As of June 30, 2017 , SunTrust had total assets of $207 billion and totaldeposits of $160 billion . The Company provides deposit, credit, trust, investment, mortgage, asset management, securities brokerage, and capital marketservices. SunTrust leads onUp, a national movement inspiring Americans to build financial confidence. Join the movement at onUp.com.

Business Segment ResultsThe 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 fromthree segments to two segments based on, among other things, the manner in which financial information is evaluated by management and in conjunctionwith Company-wide organizational changes that were announced during the first quarter of 2017. Specifically, the Company retained the previouscomposition of the Wholesale Banking segment and changed the basis of presentation of the Consumer Banking and Private Wealth Management segmentand Mortgage Banking segment such that those segments were combined into a single Consumer segment. In conjunction with this business segmentstructure realignment, the Company made certain adjustments to its internal funds transfer pricing methodology. Prior period information was revised toconform 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 andstate tax credits that are grossed-up on a pre-tax equivalent basis. Further, provision/(benefit) for credit losses represents net charge-offs by segmentcombined with an allocation to the segments of the provision/(benefit) attributable to each segment's quarterly change in the allowance for loan and leaselosses and unfunded commitments reserve balances. SunTrust also reports results for Corporate Other, which includes the Treasury department as well asthe residual expense associated with operational and support expense allocations. The Corporate Other segment also includes differences created betweeninternal management accounting practices and U.S. Generally Accepted Accounting Principles ("U.S. GAAP") and certain matched-maturity funds transferpricing 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 InformationInvestors 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 andother information are also available at investors.suntrust.com . This information is also included in a current report on Form 8-K furnished with the SECtoday.

Conference CallSunTrust management will host a conference call on July 21 , 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 UnitedStates should dial 1-612-332-1210 (Passcode: SunTrust). A replay of the call will be available approximately one hour after the call ends on July 21 , 2017 ,and will remain available until August 21, 2017 , by dialing 1-800-475-6701 (domestic) or 1-320-365-3844 (international) (Passcode: 425463).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 July 21 , 2017 , listeners may access an archived version of the webcast in the “Events & Presentations” section of the investorrelations website. This webcast will be archived and available for one year.

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Non-GAAP Financial MeasuresThis news release 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 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 increasetax-exempt interest income to a taxable-equivalent basis. The Company believes this measure to be the preferred industry measurement of net interestincome 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 commonshareholders’ equity, which removes the after-tax impact of purchase accounting intangible assets from shareholders' equity and removes relatedintangible asset amortization from net income available to common shareholders. The Company believes these measures are useful to investorsbecause, by removing the amount of intangible assets that result from merger and acquisition activity and amortization expense (the level of whichmay vary from company to company), it allows investors to more easily compare the Company’s capital position and return on average tangiblecommon shareholders' equity to other companies in the industry who present similar measures. The Company also believes that removing theseitems provides a more relevant measure of the return on the Company's common shareholders' equity. These measures are utilized by managementto 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 dividingnoninterest expense by total revenue. Efficiency ratio-FTE is computed by dividing noninterest expense by total revenue-FTE. The tangibleefficiency ratio-FTE excludes the amortization related to intangible assets and certain tax credits. The Company believes this measure is useful toinvestors because, by removing the impact of amortization (the level of which may vary from company to company), it allows investors to moreeasily compare the Company’s efficiency to other companies in the industry. This measure is utilized by management to assess the efficiency of theCompany and its lines of business.

• The Company presents the Basel III Common Equity Tier 1 (CET1) ratio, on a fully phased-in basis. 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. TheCompany believes this measure is useful to investors who wish to understand the Company's current compliance with future regulatoryrequirements.

Important Cautionary Statement About Forward-Looking StatementsThis news release contains forward-looking statements. Statements regarding potential future share repurchases and future expected dividends are

forward-looking statements. Also, any statement that does not describe historical or current facts is a forward-looking statement. These statements ofteninclude 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. Ourstatements 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 coulddiffer 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 suchstatements. Actual results may differ materially from those set forth in the forward looking statements. Future dividends, and the amount of any suchdividend, must be declared by our board of directors in the future in their discretion. Also, future share repurchases and the timing of any such repurchaseare subject to market conditions and management's discretion. Additional factors that could cause actual results to differ materially from those described inthe 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, 2016and in other periodic reports that we file with the SEC.

9

SunTrust Banks, Inc. and SubsidiariesFINANCIAL HIGHLIGHTS

(Dollars in millions and shares in thousands, except per share data) (Unaudited)

Three Months Ended June 30 % Six Months Ended June 30 %

2017 2016 Change 2017 2016 Change

EARNINGS & DIVIDENDS

Net income $528 $492 7 % $995 $939 6 %

Net income available to common shareholders 505 475 6 956 906 6

Total revenue 2,230 2,186 2 4,443 4,249 5

Total revenue-FTE 1 2,266 2,221 2 4,513 4,320 4

Net income per average common share:

Diluted $1.03 $0.94 10 % $1.94 $1.78 9 %

Basic 1.05 0.95 11 1.97 1.80 9

Dividends paid per common share 0.26 0.24 8 0.52 0.48 8

CONDENSED BALANCE SHEETS

Selected Average Balances:

Total assets $204,494 $198,305 3 % $204,374 $195,660 4 %

Earning assets 184,057 178,055 3 183,833 176,122 4

Loans held for investment ("LHFI") 144,440 141,238 2 144,058 139,805 3

Intangible assets including mortgage servicing rights ("MSRs") 8,024 7,543 6 8,025 7,556 6

MSRs 1,603 1,192 34 1,603 1,203 33

Consumer and commercial deposits 159,136 154,166 3 159,006 151,698 5

Total shareholders’ equity 24,139 24,018 1 23,906 23,907 —

Preferred stock 1,720 1,225 40 1,474 1,225 20

Period End Balances:

Total assets $207,223 $198,892 4 %

Earning assets 184,518 178,852 3

LHFI 144,268 141,656 2

Allowance for loan and lease losses ("ALLL") 1,731 1,774 (2)

Consumer and commercial deposits 158,319 151,779 4

Total shareholders’ equity 24,477 24,464 —

FINANCIAL RATIOS & OTHER DATA

Return on average total assets 1.03% 1.00% 3 % 0.98% 0.97% 1 %

Return on average common shareholders’ equity 9.08 8.43 8 8.64 8.07 7

Return on average tangible common shareholders' equity 1 12.51 11.54 8 11.90 11.07 7

Net interest margin 3.06 2.91 5 3.04 2.93 4

Net interest margin-FTE 1 3.14 2.99 5 3.11 3.01 3

Efficiency ratio 62.24 61.53 1 64.21 62.67 2

Efficiency ratio-FTE 1 61.24 60.56 1 63.21 61.65 3

Tangible efficiency ratio-FTE 1 60.59 60.05 1 62.59 61.16 2

Effective tax rate 30 29 3 28 30 (7)

Basel III capital ratios at period end (transitional) 2 :

Common Equity Tier 1 ("CET1") 9.67% 9.84% (2)%

Tier 1 capital 10.80 10.57 2

Total capital 12.74 12.68 —

Leverage 9.54 9.35 2

Basel III fully phased-in CET1 ratio 1, 2 9.52 9.73 (2)

Total average shareholders’ equity to total average assets 11.80% 12.11% (3)% 11.70 12.22 (4)

Tangible equity to tangible assets 1 9.15 9.54 (4)

Tangible common equity to tangible assets 1 8.11 8.85 (8)

Book value per common share $46.51 $46.14 1

Tangible book value per common share 1 33.83 33.98 —

Market capitalization 27,319 20,598 33

Average common shares outstanding:

Diluted 488,020 505,633 (3) 491,989 508,012 (3)

Basic 482,913 501,374 (4) 486,482 503,428 (3)

Full-time equivalent employees 24,278 23,940 1

Number of ATMs 2,104 2,144 (2)

Full service banking offices 1,281 1,389 (8)

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 SubsidiariesFIVE QUARTER FINANCIAL HIGHLIGHTS

Three Months Ended

June 30 March 31 December 31 September 30 June 30

(Dollars in millions and shares in thousands, except per share data) (Unaudited) 2017 2017 2016 2016 2016

EARNINGS & DIVIDENDS

Net income $528 $468 $465 $474 $492

Net income available to common shareholders 505 451 448 457 475

Total revenue 2,230 2,213 2,158 2,197 2,186

Total revenue-FTE 1 2,266 2,247 2,192 2,231 2,221


Diluted $1.03 $0.91 $0.90 $0.91 $0.94

Basic 1.05 0.92 0.91 0.92 0.95

Dividends paid per common share 0.26 0.26 0.26 0.26 0.24

CONDENSED BALANCE SHEETS Selected Average Balances:

Total assets $204,494 $204,252 $203,146 $201,476 $198,305

Earning assets 184,057 183,606 182,475 180,523 178,055

LHFI 144,440 143,670 142,578 142,257 141,238

Intangible assets including MSRs 8,024 8,026 7,654 7,415 7,543

MSRs 1,603 1,604 1,291 1,065 1,192

Consumer and commercial deposits 159,136 158,874 157,996 155,313 154,166

Total shareholders’ equity 24,139 23,671 24,044 24,410 24,018

Preferred stock 1,720 1,225 1,225 1,225 1,225

Period End Balances:

Total assets $207,223 $205,642 $204,875 $205,091 $198,892

Earning assets 184,518 183,279 184,610 181,341 178,852

LHFI 144,268 143,529 143,298 141,532 141,656

ALLL 1,731 1,714 1,709 1,743 1,774

Consumer and commercial deposits 158,319 161,531 158,864 157,592 151,779

Total shareholders’ equity 24,477 23,484 23,618 24,449 24,464

FINANCIAL RATIOS & OTHER DATA

Return on average total assets 1.03% 0.93% 0.91% 0.94% 1.00%

Return on average common shareholders’ equity 9.08 8.19 7.85 7.89 8.43

Return on average tangible common shareholders' equity 1 12.51 11.28 10.76 10.73 11.54

Net interest margin 3.06 3.02 2.93 2.88 2.91

Net interest margin-FTE 1 3.14 3.09 3.00 2.96 2.99

Efficiency ratio 62.24 66.20 64.74 64.13 61.53

Efficiency ratio-FTE 1 61.24 65.19 63.73 63.14 60.56

Tangible efficiency ratio-FTE 1 60.59 64.60 63.08 62.54 60.05

Effective tax rate 30 25 29 31 29

Basel III capital ratios at period end (transitional) 2 :

CET1 9.67% 9.69% 9.59% 9.78% 9.84%

Tier 1 capital 10.80 10.40 10.28 10.50 10.57

Total capital 12.74 12.37 12.26 12.57 12.68

Leverage 9.54 9.08 9.22 9.28 9.35

Basel III fully phased-in CET1 ratio 1, 2 9.52 9.54 9.43 9.66 9.73

Total average shareholders’ equity to total average assets 11.80 11.59 11.84 12.12 12.11

Tangible equity to tangible assets 1 9.15 8.72 8.82 9.23 9.54

Tangible common equity to tangible assets 1 8.11 8.06 8.15 8.57 8.85

Book value per common share $46.51 $45.62 $45.38 $46.63 $46.14

Tangible book value per common share 1 33.83 33.05 32.95 34.33 33.98

Market capitalization 27,319 26,860 26,942 21,722 20,598


Diluted 488,020 496,002 497,055 500,885 505,633

Basic 482,913 490,091 491,497 496,304 501,374

Full-time equivalent employees 24,278 24,215 24,375 23,854 23,940

Number of ATMs 2,104 2,132 2,165 2,163 2,144

Full service banking offices 1,281 1,316 1,367 1,369 1,389

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 SubsidiariesCONSOLIDATED STATEMENTS OF INCOME

Three Months Ended

Increase/(Decrease) Six Months Ended

Increase/(Decrease)


June 30 June 30

2017 2016 Amount % 3 2017 2016 Amount %

Interest income $1,583 $1,424 $159 11 % $3,111 $2,834 $277 10 %

Interest expense 180 136 44 32 342 265 77 29

NET INTEREST INCOME 1,403 1,288 115 9 2,769 2,569 200 8

Provision for credit losses 90 146 (56) (38) 209 246 (37) (15)NET INTEREST INCOME AFTER PROVISION FOR CREDIT

LOSSES 1,313 1,142 171 15 2,560 2,323 237 10

NONINTEREST INCOME

Service charges on deposit accounts 151 162 (11) (7) 299 315 (16) (5)

Other charges and fees 103 104 (1) (1) 198 197 1 1

Card fees 87 83 4 5 169 160 9 6

Investment banking income 147 126 21 17 314 225 89 40

Trading income 46 34 12 35 97 89 8 9

Trust and investment management income 76 75 1 1 151 150 1 1

Retail investment services 70 72 (2) (3) 139 141 (2) (1)

Mortgage production related income 56 111 (55) (50) 109 171 (62) (36)

Mortgage servicing related income 44 52 (8) (15) 102 114 (12) (11)

Commercial real estate related income 1 24 10 14 NM 44 28 16 57

Net securities gains 1 4 (3) (75) 1 4 (3) (75)

Other noninterest income 1 22 65 (43) (66) 51 86 (35) (41)

Total noninterest income 827 898 (71) (8) 1,674 1,680 (6) —

NONINTEREST EXPENSE

Employee compensation and benefits 796 763 33 4 1,648 1,536 112 7

Outside processing and software 204 202 2 1 409 400 9 2

Net occupancy expense 94 78 16 21 185 163 22 13

Equipment expense 43 42 1 2 83 82 1 1

FDIC premium/regulatory exams 49 44 5 11 97 80 17 21

Marketing and customer development 42 38 4 11 84 82 2 2

Operating losses 19 25 (6) (24) 51 50 1 2

Amortization 15 11 4 36 28 21 7 33

Other noninterest expense 126 142 (16) (11) 268 249 19 8

Total noninterest expense 1,388 1,345 43 3 2,853 2,663 190 7

INCOME BEFORE PROVISION FOR INCOME TAXES 752 695 57 8 1,381 1,340 41 3

Provision for income taxes 222 201 21 10 381 396 (15) (4)NET INCOME INCLUDING INCOME ATTRIBUTABLE TO

NONCONTROLLING INTEREST 530 494 36 7 1,000 944 56 6

Net income attributable to noncontrolling interest 2 2 — — 5 5 — —

NET INCOME $528 $492 $36 7 % $995 $939 $56 6 %

NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $505 $475 $30 6 % $956 $906 $50 6 %

Net interest income-FTE 2 1,439 1,323 116 9 2,839 2,640 199 8

Total revenue 2,230 2,186 44 2 4,443 4,249 194 5

Total revenue-FTE 2 2,266 2,221 45 2 4,513 4,320 193 4


Diluted 1.03 0.94 0.09 10 1.94 1.78 0.16 9

Basic 1.05 0.95 0.10 11 1.97 1.80 0.17 9

Cash dividends paid per common share 0.26 0.24 0.02 8 0.52 0.48 0.04 8


Diluted 488,020 505,633 (17,613) (3) 491,989 508,012 (16,023) (3)

Basic 482,913 501,374 (18,461) (4) 486,482 503,428 (16,946) (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 Statementsof 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 incomefor 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 SubsidiariesFIVE QUARTER CONSOLIDATED STATEMENTS OF INCOME

Three Months Ended Three Months Ended

(Dollars in millions and shares in thousands, except per share data)(Unaudited)

June 30 March 31 Increase/(Decrease) December 31 September 30 June 30

2017 2017 Amount % 3 2016 2016 2016

Interest income $1,583 $1,528 $55 4 % $1,492 $1,451 $1,424

Interest expense 180 162 18 11 149 143 136

NET INTEREST INCOME 1,403 1,366 37 3 1,343 1,308 1,288

Provision for credit losses 90 119 (29) (24) 101 97 146

NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 1,313 1,247 66 5 1,242 1,211 1,142

NONINTEREST INCOME

Service charges on deposit accounts 151 148 3 2 154 162 162

Other charges and fees 103 95 8 8 90 93 104

Card fees 87 82 5 6 84 83 83

Investment banking income 147 167 (20) (12) 122 147 126

Trading income 46 51 (5) (10) 58 65 34

Trust and investment management income 76 75 1 1 73 80 75

Retail investment services 70 68 2 3 69 71 72

Mortgage production related income 56 53 3 6 78 118 111

Mortgage servicing related income 44 58 (14) (24) 25 49 52

Commercial real estate related income 1 24 20 4 20 33 8 10

Net securities gains 1 — 1 NM — — 4

Other noninterest income 1 22 30 (8) (27) 29 13 65

Total noninterest income 827 847 (20) (2) 815 889 898

NONINTEREST EXPENSE

Employee compensation and benefits 796 852 (56) (7) 762 773 763

Outside processing and software 204 205 (1) — 209 225 202

Net occupancy expense 94 92 2 2 94 93 78

Equipment expense 43 39 4 10 43 44 42

FDIC premium/regulatory exams 49 48 1 2 46 47 44

Marketing and customer development 42 42 — — 52 38 38

Operating losses 19 32 (13) (41) 23 35 25

Amortization 15 13 2 15 14 14 11

Other noninterest expense 126 142 (16) (11) 154 140 142

Total noninterest expense 1,388 1,465 (77) (5) 1,397 1,409 1,345

INCOME BEFORE PROVISION FOR INCOME TAXES 752 629 123 20 660 691 695

Provision for income taxes 222 159 63 40 193 215 201

NET INCOME INCLUDING INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST

530 470 60 13 467 476 494

Net income attributable to noncontrolling interest 2 2 — — 2 2 2

NET INCOME $528 $468 $60 13 % $465 $474 $492

NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $505 $451 $54 12 % $448 $457 $475

Net interest income-FTE 21,439 1,400 39 3 1,377 1,342 1,323

Total revenue2,230 2,213 17 1 2,158 2,197 2,186

Total revenue-FTE 22,266 2,247 19 1 2,192 2,231 2,221


Diluted 1.03 0.91 0.12 13 0.90 0.91 0.94

Basic 1.05 0.92 0.13 14 0.91 0.92 0.95

Cash dividends paid per common share 0.26 0.26 — — 0.26 0.26 0.24


Diluted 488,020 496,002 (7,982) (2) 497,055 500,885 505,633

Basic 482,913 490,091 (7,178) (1) 491,497 496,304 501,374

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 Statementsof 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 incomefor 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 SubsidiariesCONSOLIDATED BALANCE SHEETS

June 30 Increase/(Decrease)

(Dollars in millions and shares in thousands, except per share data) (Unaudited) 2017 2016 Amount % 2

ASSETS

Cash and due from banks $6,968 $4,134 $2,834 69 %

Federal funds sold and securities borrowed or purchased under agreements to resell 1,249 1,107 142 13

Interest-bearing deposits in other banks 24 24 — —

Trading assets and derivative instruments 5,847 6,850 (1,003) (15)

Securities available for sale 31,142 29,336 1,806 6

Loans held for sale ("LHFS") 2,826 2,468 358 15

Loans held for investment ("LHFI"):

Commercial and industrial ("C&I") 68,511 68,603 (92) —

Commercial real estate ("CRE") 5,250 6,228 (978) (16)

Commercial construction 4,019 2,617 1,402 54

Residential mortgages - guaranteed 501 534 (33) (6)

Residential mortgages - nonguaranteed 26,594 26,037 557 2

Residential home equity products 11,173 12,481 (1,308) (10)

Residential construction 364 397 (33) (8)

Consumer student - guaranteed 6,543 5,562 981 18

Consumer other direct 8,249 6,825 1,424 21

Consumer indirect 11,639 11,195 444 4

Consumer credit cards 1,425 1,177 248 21

Total LHFI 144,268 141,656 2,612 2

Allowance for loan and lease losses ("ALLL") (1,731) (1,774) (43) (2)

Net loans held for investment 142,537 139,882 2,655 2

Goodwill 6,338 6,337 1 —

MSRs 1,608 1,061 547 52

Other assets 8,684 7,693 991 13

Total assets 1$207,223 $198,892 $8,331 4 %

LIABILITIES

Deposits:

Noninterest-bearing consumer and commercial deposits $44,006 $42,466 $1,540 4 %

Interest-bearing consumer and commercial deposits:

NOW accounts 43,973 39,869 4,104 10

Money market accounts 53,000 53,410 (410) (1)

Savings 6,599 6,343 256 4

Consumer time 5,610 5,836 (226) (4)

Other time 5,131 3,855 1,276 33

Total consumer and commercial deposits 158,319 151,779 6,540 4

Brokered time deposits 944 972 (28) (3)

Foreign deposits 610 — 610 NM

Total deposits 159,873 152,751 7,122 5

Funds purchased 3,007 1,352 1,655 NM

Securities sold under agreements to repurchase 1,503 1,622 (119) (7)

Other short-term borrowings 2,640 1,883 757 40

Long-term debt 10,511 12,264 (1,753) (14)

Trading liabilities and derivative instruments 1,090 1,245 (155) (12)

Other liabilities 4,122 3,311 811 24

Total liabilities 182,746 174,428 8,318 5

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 8,973 9,003 (30) —

Retained earnings 16,701 15,353 1,348 9

Treasury stock, at cost, and other (2,945) (1,900) 1,045 55

Accumulated other comprehensive (loss)/income, net of tax (777) 233 (1,010) NM

Total shareholders' equity 24,477 24,464 13 —

Total liabilities and shareholders' equity $207,223 $198,892 $8,331 4 %

Common shares outstanding 481,644 501,412 (19,768) (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 68,369 48,509 19,860 41

1 Includes earning assets of $184,518 and $178,852 at June 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 SubsidiariesFIVE QUARTER CONSOLIDATED BALANCE SHEETS



2017 2017 Amount % 2 2016 2016 2016

ASSETS

Cash and due from banks $6,968 $6,957 $11 — % $5,091 $8,019 $4,134

Federal funds sold and securities borrowed or purchased under agreements to resell 1,249 1,292 (43) (3) 1,307 1,697 1,107

Interest-bearing deposits in other banks 24 25 (1) (4) 25 24 24

Trading assets and derivative instruments 5,847 6,007 (160) (3) 6,067 7,044 6,850

Securities available for sale 31,142 31,127 15 — 30,672 29,672 29,336

LHFS 2,826 2,109 717 34 4,169 3,772 2,468

LHFI:

C&I 68,511 68,971 (460) (1) 69,213 68,298 68,603

CRE 5,250 5,067 183 4 4,996 5,056 6,228

Commercial construction 4,019 4,215 (196) (5) 4,015 3,875 2,617

Residential mortgages - guaranteed 501 549 (48) (9) 537 521 534

Residential mortgages - nonguaranteed 26,594 26,110 484 2 26,137 26,306 26,037

Residential home equity products 11,173 11,511 (338) (3) 11,912 12,178 12,481

Residential construction 364 380 (16) (4) 404 393 397

Consumer student - guaranteed 6,543 6,396 147 2 6,167 5,844 5,562

Consumer other direct 8,249 7,904 345 4 7,771 7,358 6,825

Consumer indirect 11,639 11,067 572 5 10,736 10,434 11,195

Consumer credit cards 1,425 1,359 66 5 1,410 1,269 1,177

Total LHFI 144,268 143,529 739 1 143,298 141,532 141,656

ALLL (1,731) (1,714) 17 1 (1,709) (1,743) (1,774)

Net loans held for investment 142,537 141,815 722 1 141,589 139,789 139,882

Goodwill 6,338 6,338 — — 6,337 6,337 6,337

MSRs 1,608 1,645 (37) (2) 1,572 1,119 1,061

Other assets 8,684 8,327 357 4 8,046 7,618 7,693

Total assets 1$207,223 $205,642 $1,581 1 % $204,875 $205,091 $198,892

LIABILITIES

Deposits:

Noninterest-bearing consumer and commercial deposits $44,006 $43,437 $569 1 % $43,431 $43,835 $42,466

Interest-bearing consumer and commercial deposits:

NOW accounts 43,973 46,222 (2,249) (5) 45,534 43,093 39,869

Money market accounts 53,000 55,261 (2,261) (4) 54,166 54,763 53,410

Savings 6,599 6,668 (69) (1) 6,266 6,256 6,343

Consumer time 5,610 5,495 115 2 5,534 5,659 5,836

Other time 5,131 4,448 683 15 3,933 3,986 3,855

Total consumer and commercial deposits 158,319 161,531 (3,212) (2) 158,864 157,592 151,779

Brokered time deposits 944 917 27 3 924 950 972

Foreign deposits 610 405 205 51 610 300 —

Total deposits 159,873 162,853 (2,980) (2) 160,398 158,842 152,751

Funds purchased 3,007 1,037 1,970 NM 2,116 2,226 1,352

Securities sold under agreements to repurchase 1,503 1,704 (201) (12) 1,633 1,724 1,622

Other short-term borrowings 2,640 1,955 685 35 1,015 949 1,883

Long-term debt 10,511 10,496 15 — 11,748 11,866 12,264

Trading liabilities and derivative instruments 1,090 1,225 (135) (11) 1,351 1,484 1,245

Other liabilities 4,122 2,888 1,234 43 2,996 3,551 3,311

Total liabilities182,746 182,158 588 — 181,257 180,642 174,428

SHAREHOLDERS’ EQUITY

Preferred stock, no par value 1,975 1,225 750 61 1,225 1,225 1,225

Common stock, $1.00 par value 550 550 — — 550 550 550

Additional paid-in capital 8,973 8,966 7 — 9,010 9,009 9,003

Retained earnings 16,701 16,322 379 2 16,000 15,681 15,353

Treasury stock, at cost, and other (2,945) (2,712) 233 9 (2,346) (2,131) (1,900)

Accumulated other comprehensive (loss)/income, net of tax (777) (867) 90 10 (821) 115 233

Total shareholders’ equity24,477 23,484 993 4 23,618 24,449 24,464

Total liabilities and shareholders’ equity$207,223 $205,642 $1,581 1 % $204,875 $205,091 $198,892

Common shares outstanding 481,644 485,712 (4,068) (1)% 491,188 495,936 501,412

Common shares authorized 750,000 750,000 — — 750,000 750,000 750,000

Preferred shares outstanding 20 12 8 67 12 12 12

Preferred shares authorized 50,000 50,000 — — 50,000 50,000 50,000

Treasury shares of common stock 68,369 64,301 4,068 6 58,738 53,985 48,509

1 Includes earning assets of $184,518 , $183,279 , $184,610 , $181,341 , and $178,852 at June 30 , 2017 , March 31 , 2017 , December 31 , 2016 , September 30 , 2016 , and June 30 , 2016 , respectively.2 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

15

SunTrust Banks, Inc. and SubsidiariesCONSOLIDATED DAILY AVERAGE BALANCES, INCOME/EXPENSE, AND AVERAGE YIELDS EARNED/RATES PAID

Three Months Ended Increase/(Decrease) From

June 30, 2017 March 31, 2017 Sequential Quarter Prior Year Quarter

(Dollars in millions) (Unaudited)Average Balances

InterestIncome/ Expense

Yields/ Rates

AverageBalances

InterestIncome/Expense

Yields/Rates

AverageBalances

Yields/Rates

AverageBalances

Yields/Rates

ASSETS

Loans held for investment ("LHFI"): 1

Commercial and industrial ("C&I") $69,122 $574 3.33% $69,076 $554 3.25% $46 0.08 $204 0.22

Commercial real estate ("CRE") 5,157 44 3.38 5,038 39 3.18 119 0.20 (898) 0.47

Commercial construction 4,105 37 3.63 4,076 34 3.39 29 0.24 1,516 0.38

Residential mortgages - guaranteed 532 4 2.95 567 4 3.07 (35) (0.12) (48) (1.03)

Residential mortgages - nonguaranteed 26,090 248 3.80 25,918 247 3.80 172 — 682 —

Residential home equity products 11,113 118 4.27 11,466 116 4.10 (353) 0.17 (1,351) 0.32

Residential construction 363 4 4.19 385 4 4.04 (22) 0.15 (13) (0.22)

Consumer student - guaranteed 6,462 71 4.42 6,278 65 4.20 184 0.22 1,050 0.44

Consumer other direct 8,048 97 4.84 7,819 97 5.02 229 (0.18) 1,458 0.30

Consumer indirect 11,284 98 3.50 10,847 92 3.43 437 0.07 513 0.13

Consumer credit cards 1,391 35 9.96 1,369 33 9.79 22 0.17 266 (0.13)

Nonaccrual 773 8 4.37 831 4 2.03 (58) 2.34 (177) 2.70

Total LHFI 144,440 1,338 3.86 143,670 1,289 3.64 770 0.22 3,202 0.38

Securities available for sale:

Taxable 30,654 189 2.47 30,590 185 2.42 64 0.05 2,744 0.18

Tax-exempt 348 3 3.04 286 2 3.04 62 — 197 (0.56)

Total securities available for sale31,002 192 2.47 30,876 187 2.42 126 0.05 2,941 0.18

Federal funds sold and securities borrowed or purchasedunder agreements to resell 1,237 2 0.68 1,236 1 0.33 1 0.35 10 0.51

Loans held for sale ("LHFS") 2,222 21 3.86 2,611 24 3.71 (389) 0.15 207 0.25

Interest-bearing deposits in other banks 25 — 0.62 25 — 0.64 — (0.02) 2 0.33

Interest earning trading assets 5,131 30 2.33 5,188 27 2.09 (57) 0.24 (360) 0.68

Total earning assets 184,057 1,583 3.45 183,606 1,528 3.38 451 0.07 6,002 0.23

Allowance for loan and lease losses ("ALLL") (1,723) (1,700) (23) 33

Cash and due from banks 4,901 5,556 (655) (226)

Other assets 16,248 15,952 296 1,573

Noninterest earning trading assets and derivative instruments 918 888 30 (609)

Unrealized gains/(losses) on securities available for sale, net 93 (50) 143 (584)

Total assets $204,494 $204,252 $242 $6,189

LIABILITIES AND SHAREHOLDERS’ EQUITY

Interest-bearing deposits:

NOW accounts $44,437 $30 0.27% $44,745 $23 0.21% ($308) 0.06 $2,746 0.15

Money market accounts 54,199 38 0.28 54,902 34 0.25 (703) 0.03 1,013 0.09

Savings 6,638 — 0.03 6,415 — 0.02 223 0.01 239 0.01

Consumer time 5,555 10 0.71 5,487 9 0.69 68 0.02 (429) (0.05)

Other time 4,691 12 1.05 4,232 10 0.97 459 0.08 810 0.02

Total interest-bearing consumer and commercial deposits 115,520 90 0.31 115,781 76 0.27 (261) 0.04 4,379 0.09

Brokered time deposits 929 3 1.29 917 3 1.28 12 0.01 16 (0.06)

Foreign deposits 720 2 0.95 678 1 0.66 42 0.29 674 0.61

Total interest-bearing deposits 117,169 95 0.32 117,376 80 0.28 (207) 0.04 5,069 0.09

Funds purchased 1,155 3 0.96 872 1 0.65 283 0.31 123 0.60

Securities sold under agreements to repurchase 1,572 3 0.89 1,715 3 0.61 (143) 0.28 (146) 0.49

Interest-bearing trading liabilities 992 6 2.66 1,002 6 2.61 (10) 0.05 (14) 0.27

Other short-term borrowings 2,008 3 0.55 1,753 2 0.49 255 0.06 788 0.35

Long-term debt 10,518 70 2.66 11,563 70 2.45 (1,045) 0.21 1 0.20

Total interest-bearing liabilities 133,414 180 0.54 134,281 162 0.49 (867) 0.05 5,821 0.11

Noninterest-bearing deposits 43,616 43,093 523 591

Other liabilities 2,976 2,860 116 (241) Noninterest-bearing trading liabilities and derivative

instruments 349 347 2 (103)

Shareholders’ equity 24,139 23,671 468 121

Total liabilities and shareholders’ equity $204,494 $204,252 $242 $6,189

Interest Rate Spread 2.91% 2.89% 0.02 0.12

Net Interest Income $1,403 $1,366

Net Interest Income-FTE 2 $1,439 $1,400

Net Interest Margin 3 3.06% 3.02% 0.04 0.15

Net Interest Margin-FTE 2, 3 3.14 3.09 0.05 0.151 Interest income includes loan fees of $45 million for both the three months ended June 30, 2017 and March 31, 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 June 30, 2017 and March 31, 2017 wasattributed 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 SubsidiariesCONSOLIDATED DAILY AVERAGE BALANCES, INCOME/EXPENSE, AND AVERAGE YIELDS EARNED/RATES PAID, continued

Three Months Ended

December 31, 2016 September 30, 2016 June 30, 2016

(Dollars in millions) (Unaudited)AverageBalances


Yields/Rates

AverageBalances


Yields/Rates

Average Balances

InterestIncome/ Expense

Yields/ Rates

ASSETS

LHFI: 1

C&I $68,407 $549 3.19 % $68,242 $536 3.13% $68,918 $533 3.11%

CRE 5,141 38 2.93 5,975 44 2.92 6,055 44 2.91

Commercial construction 3,852 31 3.22 2,909 24 3.28 2,589 21 3.25

Residential mortgages - guaranteed 542 4 2.57 540 5 3.34 580 6 3.98

Residential mortgages - nonguaranteed26,065 244 3.75 26,022 243 3.74 25,408 241 3.80

Residential home equity products 11,809 116 3.91 12,075 119 3.93 12,464 122 3.95

Residential construction 382 4 4.24 379 4 4.47 376 4 4.41

Consumer student - guaranteed 5,990 62 4.12 5,705 58 4.03 5,412 54 3.98

Consumer other direct7,556 88 4.64 7,090 81 4.56 6,590 74 4.54

Consumer indirect10,633 92 3.44 11,161 96 3.41 10,771 90 3.37

Consumer credit cards 1,324 33 9.93 1,224 31 10.12 1,125 29 10.09

Nonaccrual877 8 3.77 935 4 1.70 950 4 1.67

Total LHFI 142,578 1,269 3.54 142,257 1,245 3.48 141,238 1,222 3.48


Taxable 29,314 166 2.27 28,460 157 2.21 27,910 159 2.29

Tax-exempt 273 2 3.08 181 2 3.41 151 2 3.60

Total securities available for sale29,587 168 2.28 28,641 159 2.22 28,061 161 2.29

Federal funds sold and securities borrowed or purchased under agreements to resell 1,332 — (0.03) 1,171 — 0.11 1,227 — 0.17

LHFS 3,570 30 3.42 2,867 25 3.47 2,015 18 3.61

Interest-bearing deposits in other banks 24 — 0.47 24 — 0.38 23 — 0.29

Interest earning trading assets 5,384 25 1.83 5,563 22 1.57 5,491 23 1.65

Total earning assets 182,475 1,492 3.25 180,523 1,451 3.20 178,055 1,424 3.22

ALLL (1,724) (1,756) (1,756)

Cash and due from banks 5,405 5,442 5,127

Other assets 15,375 14,822 14,675

Noninterest earning trading assets and derivative instruments 1,103 1,538 1,527

Unrealized gains on securities available for sale, net 512 907 677

Total assets $203,146 $201,476 $198,305



NOW accounts $42,929 $17 0.16 % $41,160 $15 0.14% $41,691 $13 0.12%

Money market accounts 54,416 30 0.22 54,500 29 0.21 53,186 25 0.19

Savings 6,259 — 0.03 6,304 — 0.03 6,399 1 0.02

Consumer time 5,599 10 0.69 5,726 10 0.69 5,984 11 0.76

Other time 3,954 10 0.97 3,981 10 0.97 3,881 10 1.03

Total interest-bearing consumer and commercial deposits 113,157 67 0.23 111,671 64 0.23 111,141 60 0.22

Brokered time deposits 935 3 1.28 959 3 1.31 913 3 1.35

Foreign deposits 308 — 0.45 130 — 0.37 46 — 0.34

Total interest-bearing deposits 114,400 70 0.24 112,760 67 0.24 112,100 63 0.23

Funds purchased 1,008 1 0.43 784 1 0.36 1,032 1 0.36

Securities sold under agreements to repurchase 1,708 2 0.45 1,691 2 0.45 1,718 2 0.40

Interest-bearing trading liabilities 1,146 6 2.13 930 5 2.11 1,006 6 2.39

Other short-term borrowings 978 — 0.11 1,266 — 0.19 1,220 — 0.20

Long-term debt 11,632 70 2.37 12,257 68 2.21 10,517 64 2.46

Total interest-bearing liabilities 130,872 149 0.45 129,688 143 0.44 127,593 136 0.43

Noninterest-bearing deposits 44,839 43,642 43,025

Other liabilities 3,112 3,356 3,217

Noninterest-bearing trading liabilities and derivative instruments 279 380 452

Shareholders’ equity 24,044 24,410 24,018

Total liabilities and shareholders’ equity $203,146 $201,476 $198,305

Interest Rate Spread 2.80 % 2.76% 2.79%

Net Interest Income $1,343 $1,308 $1,288

Net Interest Income-FTE 2 $1,377 $1,342 $1,323

Net Interest Margin 3 2.93 % 2.88% 2.91%

Net Interest Margin-FTE 2, 3 3.00 2.96 2.99

1 Interest income includes loan fees of $41 million , $40 million, and $41 million for the three months ended December 31, 2016 , September 30, 2016 , and June 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 December 31, 2016 , September 30, 2016 , andJune 30, 2016 was attributed to C&I loans.


17

SunTrust Banks, Inc. and Subsidiaries CONSOLIDATED DAILY AVERAGE BALANCES, INCOME/EXPENSE, AND AVERAGE YIELDS EARNED/RATES PAID, continued

Six Months Ended

June 30, 2017 June 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$69,099 $1,128 3.29% $68,488 $1,063 3.12% $611 0.17

CRE 5,098 83 3.28 6,061 88 2.91 (963) 0.37

Commercial construction 4,090 71 3.51 2,410 39 3.26 1,680 0.25

Residential mortgages - guaranteed 550 8 3.01 610 12 3.89 (60) (0.88)

Residential mortgages - nonguaranteed 26,004 494 3.80 25,060 476 3.80 944 —

Residential home equity products 11,289 235 4.19 12,657 248 3.95 (1,368) 0.24

Residential construction 374 8 4.12 372 8 4.42 2 (0.30)

Consumer student - guaranteed 6,371 136 4.31 5,252 104 3.98 1,119 0.33

Consumer other direct 7,934 194 4.93 6,414 144 4.51 1,520 0.42

Consumer indirect 11,067 190 3.46 10,525 177 3.38 542 0.08

Consumer credit cards 1,380 68 9.87 1,101 56 10.20 279 (0.33)

Nonaccrual 802 13 3.16 855 9 2.14 (53) 1.02

Total LHFI 144,058 2,628 3.68 139,805 2,424 3.49 4,253 0.19


Taxable 30,622 373 2.44 27,537 321 2.33 3,085 0.11

Tax-exempt 317 5 3.04 151 3 3.62 166 (0.58)

Total securities available for sale 30,939 378 2.45 27,688 324 2.34 3,251 0.11Federal funds sold and securities borrowed or purchased under

agreements to resell 1,237 3 0.51 1,231 1 0.17 6 0.34

LHFS 2,415 46 3.78 1,915 37 3.87 500 (0.09)

Interest-bearing deposits in other banks 25 — 0.63 23 — 0.38 2 0.25

Interest earning trading assets 5,159 56 2.21 5,460 48 1.75 (301) 0.46

Total earning assets 183,833 3,111 3.41 176,122 2,834 3.24 7,711 0.17

ALLL (1,711) (1,753) 42

Cash and due from banks 5,227 4,571 656

Other assets 16,100 14,657 1,443

Noninterest earning trading assets and derivative instruments 903 1,457 (554)

Unrealized gains on securities available for sale, net 22 606 (584)

Total assets $204,374 $195,660 $8,714



NOW accounts $44,590 $53 0.24% $39,842 $22 0.11% $4,748 0.13

Money market accounts 54,549 71 0.26 53,125 49 0.18 1,424 0.08

Savings 6,527 1 0.03 6,289 1 0.02 238 0.01

Consumer time 5,521 19 0.70 6,044 23 0.78 (523) (0.08)

Other time 4,463 22 1.01 3,847 20 1.04 616 (0.03)

Total interest-bearing consumer and commercial deposits 115,650 166 0.29 109,147 115 0.21 6,503 0.08

Brokered time deposits 923 6 1.28 906 6 1.36 17 (0.08)

Foreign deposits 699 3 0.81 25 — 0.34 674 0.47

Total interest-bearing deposits 117,272 175 0.30 110,078 121 0.22 7,194 0.08

Funds purchased 1,014 4 0.83 1,216 2 0.35 (202) 0.48

Securities sold under agreements to repurchase 1,643 6 0.74 1,768 4 0.40 (125) 0.34

Interest-bearing trading liabilities 997 13 2.63 1,012 12 2.48 (15) 0.15

Other short-term borrowings 1,881 5 0.52 1,785 3 0.28 96 0.24

Long-term debt 11,038 139 2.55 9,577 123 2.58 1,461 (0.03)

Total interest-bearing liabilities 133,845 342 0.52 125,436 265 0.42 8,409 0.10

Noninterest-bearing deposits 43,356 42,551 805

Other liabilities 2,919 3,269 (350)

Noninterest-bearing trading liabilities and derivative instruments 348 497 (149)

Shareholders’ equity 23,906 23,907 (1)

Total liabilities and shareholders’ equity $204,374 $195,660 $8,714

Interest Rate Spread 2.89% 2.82% 0.07

Net Interest Income $2,769 $2,569

Net Interest Income-FTE 2 $2,839 $2,640

Net Interest Margin 3 3.04% 2.93% 0.11

Net Interest Margin-FTE 2, 3 3.11 3.01 0.10

1 Interest income includes loan fees of $90 million and $84 million for the six months ended June 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 six months ended June 30 , 2017 and 2016 was attributed toC&I loans.


18

SunTrust Banks, Inc. and SubsidiariesOTHER FINANCIAL DATA

Three Months Ended Six Months Ended

June 30 (Decrease)/Increase June 30 (Decrease)/Increase

(Dollars in millions) (Unaudited) 2017 2016 Amount % 2017 2016 Amount % 3

CREDIT DATA

Allowance for credit losses, beginning of period $1,783 $1,831 ($48) (3)% $1,776 $1,815 ($39) (2)%

Provision for unfunded commitments 3 5 (2) (40) 5 3 2 67

Provision/(benefit) for loan losses:

Commercial 39 114 (75) (66) 84 212 (128) (60)

Residential (2) (4) 2 50 4 (37) 41 NM

Consumer 50 31 19 61 116 68 48 71

Total provision for loan losses 87 141 (54) (38) 204 243 (39) (16)

Charge-offs:

Commercial (26) (99) (73) (74) (89) (131) (42) (32)

Residential (26) (33) (7) (21) (55) (73) (18) (25)

Consumer (49) (35) 14 40 (104) (74) 30 41

Total charge-offs (101) (167) (66) (40) (248) (278) (30) (11)

Recoveries:

Commercial 7 9 (2) (22) 21 19 2 11

Residential 11 9 2 22 19 15 4 27

Consumer 13 12 1 8 26 23 3 13

Total recoveries 31 30 1 3 66 57 9 16

Net charge-offs (70) (137) (67) (49) (182) (221) (39) (18)

Allowance for credit losses, end of period $1,803 $1,840 ($37) (2)% $1,803 $1,840 ($37) (2)%

Components:

Allowance for loan and lease losses ("ALLL") $1,731 $1,774 ($43) (2)%

Unfunded commitments reserve 72 66 6 9

Allowance for credit losses $1,803 $1,840 ($37) (2)%

Net charge-offs to average loans held for investment ("LHFI") (annualized):

Commercial 0.10% 0.46% (0.36) (78)% 0.18% 0.29% (0.11) (38)%

Residential 0.16 0.24 (0.08) (33) 0.19 0.30 (0.11) (37)

Consumer 0.54 0.39 0.15 38 0.59 0.44 0.15 34

Total net charge-offs to total average LHFI 0.20 0.39 (0.19) (49) 0.26 0.32 (0.06) (19)

Period Ended

Nonaccrual/nonperforming loans ("NPLs"):

Commercial $325 $503 ($178) (35)%

Residential 419 433 (14) (3)

Consumer 10 8 2 25

Total nonaccrual/NPLs 754 944 (190) (20)

Other real estate owned (“OREO”) 61 49 12 24

Other repossessed assets 6 8 (2) (25)

Total nonperforming assets ("NPAs") $821 $1,001 ($180) (18)%

Accruing restructured loans $2,524 $2,541 ($17) (1)%

Nonaccruing restructured loans 321 307 14 5

Accruing LHFI past due > 90 days (guaranteed) 1,221 999 222 22

Accruing LHFI past due > 90 days (non-guaranteed) 30 42 (12) (29)

Accruing LHFS past due > 90 days 1 1 — —

NPLs to total LHFI 0.52% 0.67% (0.15) (22)%

NPAs to total LHFI plus OREO and other repossessed assets 0.57 0.71 (0.14) (20)

ALLL to period-end LHFI 1, 2 1.20 1.25 (0.05) (4)

ALLL to NPLs 1, 2 2.31x 1.89x 0.42x 22

1 This ratio is computed using the ALLL.2 Loans carried at fair value were excluded from the calculation.3 "NM" - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

19

SunTrust Banks, Inc. and SubsidiariesFIVE QUARTER OTHER FINANCIAL DATA

Three Months Ended Three Months Ended


(Dollars in millions) (Unaudited) 2017 2017 Amount % 3 2016 2016 2016

CREDIT DATA

Allowance for credit losses, beginning of period $1,783 $1,776 $7 — % $1,811 $1,840 $1,831

Provision/(benefit) for unfunded commitments 3 2 1 50 (1) 2 5

Provision/(benefit) for loan losses:

Commercial 39 46 (7) (15) 36 81 114

Residential (2) 5 (7) NM 13 (36) (4)

Consumer 50 66 (16) (24) 53 50 31

Total provision for loan losses 87 117 (30) (26) 102 95 141

Charge-offs:

Commercial (26) (63) (37) (59) (78) (78) (99)

Residential (26) (29) (3) (10) (34) (28) (33)

Consumer (49) (54) (5) (9) (51) (44) (35)

Total charge-offs (101) (146) (45) (31) (163) (150) (167)

Recoveries:

Commercial 7 13 (6) (46) 9 7 9

Residential 11 9 2 22 8 7 9

Consumer 13 12 1 8 10 10 12

Total recoveries 31 34 (3) (9) 27 24 30

Net charge-offs (70) (112) (42) (38) (136) (126) (137)

Allowance for credit losses, end of period $1,803 $1,783 $20 1 % $1,776 $1,811 $1,840

Components:

ALLL $1,731 $1,714 $17 1 % $1,709 $1,743 $1,774

Unfunded commitments reserve 72 69 3 4 67 68 66

Allowance for credit losses $1,803 $1,783 $20 1 % $1,776 $1,811 $1,840

Net charge-offs to average LHFI (annualized):

Commercial 0.10% 0.26% (0.16) (62)% 0.35% 0.37% 0.46%

Residential 0.16 0.22 (0.06) (27) 0.26 0.21 0.24

Consumer 0.54 0.64 (0.10) (16) 0.64 0.52 0.39

Total net charge-offs to total average LHFI 0.20 0.32 (0.12) (38) 0.38 0.35 0.39

Period Ended

Nonaccrual/NPLs:

Commercial $325 $352 ($27) (8)% $414 $513 $503

Residential 419 428 (9) (2) 424 429 433

Consumer 10 9 1 11 7 7 8

Total nonaccrual/NPLs 754 789 (35) (4) 845 949 944

OREO 61 62 (1) (2) 60 57 49

Other repossessed assets 6 7 (1) (14) 14 13 8

Total NPAs $821 $858 ($37) (4)% $919 $1,019 $1,001

Accruing restructured loans $2,524 $2,545 ($21) (1)% $2,535 $2,522 $2,541

Nonaccruing restructured loans 321 329 (8) (2) 306 306 307

Accruing LHFI past due > 90 days (guaranteed) 1,221 1,190 31 3 1,254 1,114 999

Accruing LHFI past due > 90 days (non-guaranteed) 30 37 (7) (19) 34 30 42

Accruing LHFS past due > 90 days 1 1 — — 1 2 1

NPLs to total LHFI 0.52% 0.55% (0.03) (5)% 0.59% 0.67% 0.67%

NPAs to total LHFI plus OREO and other repossessed assets 0.57 0.60 (0.03) (5) 0.64 0.72 0.71

ALLL to period-end LHFI 1, 21.20 1.20 — — 1.19 1.23 1.25

ALLL to NPLs 1, 22.31x 2.18x 0.13x 6 2.03x 1.84x 1.89x

1 This ratio is computed using the ALLL.2 Loans carried at fair value were excluded from the calculation.3 "NM" - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

20

SunTrust Banks, Inc. and SubsidiariesOTHER FINANCIAL DATA, continued

Three Months Ended June 30 Six Months Ended June 30

(Dollars in millions) (Unaudited) MSRs - Fair Value Other Total

MSRs - Fair Value Other Total

OTHER INTANGIBLE ASSETS ROLLFORWARD

Balance, beginning of period $1,182 $16 $1,198 $1,307 $18 $1,325Amortization — (2) (2) — (4) (4)Servicing rights originated 64 — 64 110 — 110

Servicing rights purchased — — — 77 — 77Fair value changes due to inputs and assumptions 1 (129) — (129) (333) — (333)Other changes in fair value 2 (56) — (56) (99) — (99)Servicing rights sold — — — (1) — (1)

Balance, June 30, 2016 $1,061 $14 $1,075 $1,061 $14 $1,075

Balance, beginning of period $1,645 $84 $1,729 $1,572 $85 $1,657Amortization — (5) (5) — (10) (10)Servicing rights originated 65 2 67 162 7 169Fair value changes due to inputs and assumptions 1 (43) — (43) (16) — (16)Other changes in fair value 2 (58) — (58) (109) — (109)Servicing rights sold (1) — (1) (1) — (1)

Other 3 — — — — (1) (1)

Balance, June 30, 2017 $1,608 $81 $1,689 $1,608 $81 $1,689

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


(Shares in thousands) (Unaudited) 2017 2017 2016 2016 2016

COMMON SHARES OUTSTANDING ROLLFORWARD

Balance, beginning of period 485,712 491,188 495,936 501,412 505,443

Common shares issued for employee benefit plans 111 1,536 560 259 752

Repurchases of common stock (4,179) (7,012) (5,308) (5,735) (4,783)

Balance, end of period 481,644 485,712 491,188 495,936 501,412

21

SunTrust Banks, Inc. and SubsidiariesAPPENDIX A TO THE EARNINGS RELEASE - RECONCILEMENT OF NON-U.S. GAAP MEASURES 1

Three Months Ended Six Months Ended

June 30 March 31 December 31 September 30 June 30 June 30

(Dollars in millions) (Unaudited) 2017 2017 2016 2016 2016 2017 2016

Net interest income $1,403 $1,366 $1,343 $1,308 $1,288 $2,769 $2,569

Fully taxable-equivalent ("FTE") adjustment 36 34 34 34 35 70 71

Net interest income-FTE 2 1,439 1,400 1,377 1,342 1,323 2,839 2,640

Noninterest income 827 847 815 889 898 1,674 1,680

Total revenue-FTE 2 $2,266 $2,247 $2,192 $2,231 $2,221 $4,513 $4,320

Return on average common shareholders’ equity 9.08 % 8.19 % 7.85 % 7.89 % 8.43 % 8.64 % 8.07 %Impact of removing average intangible assets and related pre-tax amortization,

other than MSRs and other servicing rights 3.43 3.09 2.91 2.84 3.11 3.26 3.00

Return on average tangible common shareholders' equity 3 12.51% 11.28% 10.76% 10.73% 11.54% 11.90% 11.07%

Net interest margin 3.06 % 3.02 % 2.93 % 2.88 % 2.91 % 3.04 % 2.93 %

Impact of FTE adjustment 0.08 0.07 0.07 0.08 0.08 0.07 0.08

Net interest margin-FTE 2 3.14 % 3.09 % 3.00 % 2.96 % 2.99 % 3.11 % 3.01 %

Noninterest expense $1,388 $1,465 $1,397 $1,409 $1,345 $2,853 $2,663Total revenue 2,230 2,213 2,158 2,197 2,186 4,443 4,249Efficiency ratio 4 62.24% 66.20% 64.74% 64.13% 61.53% 64.21% 62.67%

Impact of FTE adjustment (1.00) (1.01) (1.01) (0.99) (0.97) (1.00) (1.02)

Efficiency ratio-FTE 2, 4 61.24 65.19 63.73 63.14 60.56 63.21 61.65Impact of excluding amortization related to intangible assets and certain tax

credits (0.65) (0.59) (0.65) (0.60) (0.51) (0.62) (0.49)

Tangible efficiency ratio-FTE 2, 5 60.59% 64.60% 63.08% 62.54% 60.05% 62.59% 61.16%

Basel III Common Equity Tier 1 ("CET1") ratio (transitional) 6 9.67 % 9.69 % 9.59 % 9.78 % 9.84 %

Impact of MSRs and other under fully phased-in approach (0.15) (0.15) (0.16) (0.12) (0.11)

Basel III fully phased-in CET1 ratio 6 9.52 % 9.54 % 9.43 % 9.66 % 9.73 %

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 Companybelieves 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 intangibleasset 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 (thelevel 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 thatremoving 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 ofamortization (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 theefficiency 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 pensionasset, 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 SubsidiariesAPPENDIX A TO THE EARNINGS RELEASE - RECONCILEMENT OF NON-U.S. GAAP MEASURES, continued 1


(Dollars in millions, except per share data) (Unaudited) 2017 2017 2016 2016 2016

Total shareholders' equity $24,477 $23,484 $23,618 $24,449 $24,464Goodwill, net of deferred taxes of $253 million, $252 million, $251 million, $248 million, and $246 million,

respectively (6,085) (6,086) (6,086) (6,089) (6,091)

Other intangible assets (including MSRs and other servicing rights) (1,689) (1,729) (1,657) (1,131) (1,075)

MSRs and other servicing rights 1,671 1,711 1,638 1,124 1,067

Tangible equity 2 18,374 17,380 17,513 18,353 18,365

Noncontrolling interest (103) (101) (103) (101) (103)

Preferred stock (1,975) (1,225) (1,225) (1,225) (1,225)

Tangible common equity 2 $16,296 $16,054 $16,185 $17,027 $17,037

Total assets $207,223 $205,642 $204,875 $205,091 $198,892

Goodwill (6,338) (6,338) (6,337) (6,337) (6,337)

Other intangible assets (including MSRs and other servicing rights) (1,689) (1,729) (1,657) (1,131) (1,075)

MSRs and other servicing rights 1,671 1,711 1,638 1,124 1,067

Tangible assets $200,867 $199,286 $198,519 $198,747 $192,547

Tangible equity to tangible assets 2 9.15% 8.72% 8.82% 9.23% 9.54%Tangible common equity to tangible assets 2 8.11 8.06 8.15 8.57 8.85

Tangible book value per common share 3 $33.83 $33.05 $32.95 $34.33 $33.98

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, whichremove 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 frommerger 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 bymanagement 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. TheCompany 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 tomore easily compare the Company’s book value of common stock to other companies in the industry.

23

SunTrust Banks, Inc. and SubsidiariesCONSUMER BUSINESS SEGMENT 1


(Dollars in millions) (Unaudited) 2017 2016 % Change 2017 2016 % Change 5

Statements of Income:

Net interest income $910 $849 7 % $1,793 $1,692 6 %

FTE adjustment — — — — — —

Net interest income-FTE 2 910 849 7 1,793 1,692 6

Provision for credit losses 3 75 43 74 163 61 NM

Net interest income-FTE - after provision for credit losses 2 835 806 4 1,630 1,631 —

Noninterest income before net securities gains 465 532 (13) 928 1,013 (8)

Net securities gains — — — — — —

Total noninterest income 465 532 (13) 928 1,013 (8)

Noninterest expense before amortization 945 932 1 1,932 1,849 4

Amortization 1 1 — 1 1 —

Total noninterest expense 946 933 1 1,933 1,850 4

Income-FTE - before provision for income taxes 2 354 405 (13) 625 794 (21)

Provision for income taxes 127 152 (16) 224 297 (25)

Tax credit adjustment — — — — — —

FTE adjustment — — — — — —

Net income including income attributable to noncontrolling interest 227 253 (10) 401 497 (19)

Less: net income attributable to noncontrolling interest — — — — — —

Net income $227 $253 (10)% $401 $497 (19)%

Total revenue $1,375 $1,381 — % $2,721 $2,705 1 %

Total revenue-FTE 2 1,375 1,381 — 2,721 2,705 1


Total LHFI $72,088 $69,170 4 % $71,658 $68,391 5 %

Goodwill 4,262 4,262 — 4,262 4,262 —

Other intangible assets excluding MSRs 8 14 (43) 9 15 (40)

Total assets 81,803 78,387 4 81,574 77,476 5


Performance Ratios:

Efficiency ratio 68.80 % 67.63 % 71.02 % 68.37 %

Impact of FTE adjustment — — — —

Efficiency ratio-FTE 2 68.80 67.63 71.02 68.37 Impact of excluding amortization and associated funding cost of intangible

assets (1.14) (1.09) (1.17) (1.14)

Tangible efficiency ratio-FTE 2, 4 67.66 % 66.54 % 69.85 % 67.23 %

Mortgage Production Data:

Channel mix

Retail $2,692 $3,404 (21)% $4,984 $5,655 (12)%

Correspondent 3,733 3,879 (4) 6,932 6,580 5

Total production $6,425 $7,283 (12)% $11,916 $12,235 (3)%

Channel mix - percent

Retail 42 % 47 % 42 % 46 %

Correspondent 58 53 58 54

Total production 100 % 100 % 100 % 100 %

Purchase and refinance mix

Refinance $1,962 $3,269 (40)% $4,493 $5,881 (24)%

Purchase 4,463 4,014 11 7,423 6,354 17

Total production $6,425 $7,283 (12)% $11,916 $12,235 (3)%

Purchase and refinance mix - percent

Refinance 31 % 45 % 38 % 48 %

Purchase 69 55 62 52

Total production 100 % 100 % 100 % 100 %

Applications $8,273 $11,225 (26)% $16,017 $20,430 (22)%

Mortgage Servicing Data (End of Period):

Total loans serviced $165,601 $154,474 7 %

Total loans serviced for others 136,115 125,408 9

Net carrying value of MSRs 1,608 1,061 52

Ratio of net carrying value of MSRs to total loans serviced for others 1.181 % 0.846 %

24

Assets Under Administration (End of Period):

Trust and institutional managed assets $41,572 $40,541 3 %

Retail brokerage managed assets 14,826 11,751 26

Total managed assets 56,398 52,292 8

Non-managed assets 95,463 92,917 3

Total assets under advisement $151,861 $145,209 5 %

1 Beginning in the second quarter of 2017, the Company realigned its business segment structure from three segments to two segments based on, among other things, the manner in which financial information is evaluated bymanagement 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 andchanged 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, priorperiod 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 netinterest 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 andtax-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 commitmentreserve 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 toassess the efficiency of the Company and its lines of business.5 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

25

SunTrust Banks, Inc. and SubsidiariesWHOLESALE BUSINESS SEGMENT


(Dollars in millions) (Unaudited) 2017 2016 % Change 4 2017 2016 % Change 4


Net interest income $555 $486 14 % $1,095 $978 12 %

FTE adjustment 35 34 3 69 69 —

Net interest income-FTE 1 590 520 13 1,164 1,047 11

Provision for credit losses 2 15 103 (85) 47 186 (75)

Net interest income-FTE - after provision for credit losses 1 575 417 38 1,117 861 30

Noninterest income before net securities gains 386 329 17 788 640 23

Net securities gains — — — — — —

Total noninterest income 386 329 17 788 640 23

Noninterest expense before amortization 443 404 10 914 801 14

Amortization 14 11 27 27 20 35

Total noninterest expense 457 415 10 941 821 15

Income-FTE - before provision for income taxes 1 504 331 52 964 680 42

Provision for income taxes 116 60 93 216 128 69

Tax credit adjustment 36 29 24 73 57 28

FTE adjustment 35 34 3 69 69 —

Net income including income attributable to noncontrolling interest 317 208 52 606 426 42

Less: net income attributable to noncontrolling interest — — — — — —

Net income $317 $208 52 % $606 $426 42 %

Total revenue $941 $815 15 % $1,883 $1,618 16 %

Total revenue-FTE 1 976 849 15 1,952 1,687 16


Total LHFI $72,278 $72,010 — % $72,329 $71,353 1 %

Goodwill 2,076 2,075 — 2,076 2,075 —

Other intangible assets excluding MSRs 75 1 NM 75 1 NM

Total assets 85,735 85,988 — 85,764 85,137 1


Performance Ratios:


Impact of FTE adjustment (1.76) (2.06) (1.76) (2.08)


assets (1.96) (1.84) (1.90) (1.79)

Tangible efficiency ratio-FTE 1, 3 44.86 % 46.92 % 46.27 % 46.88 %

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 netinterest 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 andtax-exempt sources. Total revenue-FTE equals net interest income on an FTE basis plus noninterest income.2 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 commitmentreserve 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 toassess 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 SubsidiariesCORPORATE OTHER




Net interest income/(expense) 1 ($62) ($47) (32)% ($119) ($101) (18)%

FTE adjustment 1 1 — 1 2 (50)

Net interest income/(expense)-FTE 2 (61) (46) (33) (118) (99) (19)

Provision/(benefit) for credit losses 3 — — — (1) (1) —

Net interest income/(expense)-FTE - after provision/(benefit) for credit losses 2 (61) (46) (33) (117) (98) (19)

Noninterest income/(expense) before net securities gains (25) 33 NM (43) 23 NM

Net securities gains 1 4 (75) 1 4 (75)

Total noninterest income/(expense) (24) 37 NM (42) 27 NM

Noninterest expense/(income) before amortization (15) (2) NM (21) (8) NM

Amortization — (1) (100) — — —

Total noninterest expense/(income) (15) (3) NM (21) (8) NM

Income/(loss)-FTE - before benefit for income taxes 2 (70) (6) NM (138) (63) NM

Benefit for income taxes (21) (11) (91) (59) (29) NM

Tax credit adjustment (36) (29) (24) (73) (57) (28)

FTE adjustment 1 1 — 1 2 (50)

Net income/(loss) including income attributable to noncontrolling interest (14) 33 NM (7) 21 NM

Less: net income attributable to noncontrolling interest 2 2 — 5 5 —

Net income/(loss) ($16) $31 NM ($12) $16 NM

Total revenue ($86) ($10) NM ($161) ($74) NM

Total revenue-FTE 2 (85) (9) NM (160) (72) NM


Total LHFI $74 $58 28 % $71 $61 16 %

Securities available for sale 30,967 28,021 11 30,902 27,647 12

Goodwill — — — — — —

Other intangible assets excluding MSRs — — — — — —

Total assets 36,956 33,930 9 37,036 33,047 12

Consumer and commercial deposits 190 33 NM 129 47 NM

Other Information (End of Period):

Duration of investment portfolio (in years) 4.5 4.1

Net interest income interest rate sensitivity:

% Change in net interest income under:

Instantaneous 200 basis point increase in rates over next 12 months 3.7 % 4.2 %

Instantaneous 100 basis point increase in rates over next 12 months 2.1 % 2.3 %

Instantaneous 25 basis point decrease in rates over next 12 months (0.7)% (0.7)% 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 andinvestments. 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-FTEequals 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 andunfunded commitments reserve balances.

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

27

SunTrust Banks, Inc. and SubsidiariesCONSOLIDATED SEGMENT TOTALS




Net interest income $1,403 $1,288 9 % $2,769 $2,569 8 %

FTE adjustment 36 35 3 70 71 (1)

Net interest income-FTE 1 1,439 1,323 9 2,839 2,640 8

Provision for credit losses 90 146 (38) 209 246 (15)

Net interest income-FTE - after provision for credit losses 1 1,349 1,177 15 2,630 2,394 10

Noninterest income before net securities gains 826 894 (8) 1,673 1,676 —

Net securities gains 1 4 (75) 1 4 (75)

Total noninterest income 827 898 (8) 1,674 1,680 —

Noninterest expense before amortization 1,373 1,334 3 2,825 2,642 7

Amortization 15 11 36 28 21 33

Total noninterest expense 1,388 1,345 3 2,853 2,663 7

Income-FTE - before provision for income taxes 1 788 730 8 1,451 1,411 3

Provision for income taxes 222 201 10 381 396 (4)

Tax credit adjustment — — — — — —

FTE adjustment 36 35 3 70 71 (1)

Net income including income attributable to noncontrolling interest 530 494 7 1,000 944 6

Less: net income attributable to noncontrolling interest 2 2 — 5 5 —

Net income $528 $492 7 % $995 $939 6 %

Total revenue $2,230 $2,186 2 % $4,443 $4,249 5 %

Total revenue-FTE 1 2,266 2,221 2 4,513 4,320 4


Total LHFI $144,440 $141,238 2 % $144,058 $139,805 3 %

Goodwill 6,338 6,337 — 6,338 6,337 —

Other intangible assets excluding MSRs 83 15 NM 84 16 NM

Total assets 204,494 198,305 3 204,374 195,660 4


Performance Ratios:


Impact of FTE adjustment (1.00) (0.97) (1.00) (1.02)


assets (0.65) (0.51) (0.62) (0.49)

Tangible efficiency ratio-FTE 1 60.59 % 60.05 % 62.59 % 61.16 %

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 netinterest 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

2Q 17 EARNINGS PRESENTATION July 21, 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 bytotal 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, premium amortization expense, tangible efficiency ratio, net charge-off ratio, loan loss provision expense, ALLL, dividend yield, preferred dividends, and Common Equity Tier 1 ratio 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 cautionedagainst 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, possiblyeven 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; and certain banking laws and certain provisions of our articles of incorporation may have an anti-takeover effect. IMPORTANT CAUTIONARY STATEMENT

3 $0.94 $0.91 $0.90 $0.91 $1.03 2Q 16 3Q 16 4Q 16 1Q 17 2Q 17 1. The efficiency ratio and tangible efficiency ratios are reported on fully taxable-equivalent (“FTE”) basis. Please refer to slide 22 for GAAP reconciliations 2. Basel III CET1 ratio (transitional) is 9.7%. Please refer to slide 23 for Basel III CET1 (transitional) to Basel III CET1 (fully phased-In) reconciliation 2Q 17 EARNINGS OVERVIEW EPS Trends Profitability • $39 million increase in net interest income (FTE) → Revenue up 1% • Continued efficiency progress → Efficiency ratio of 61.2%; tangible efficiency ratio of 60.6%1 Balance Sheet • Net interest margin improved 5 bps • Average performing loans up 1% → Consumer loans up 3% Credit & Capital • Strong asset quality performance → NCO ratio declined 12 bps to 0.20% → NPL ratio declined 3 bps to 0.52% • Announced 2017 Capital Plan → 54% increase in quarterly dividend → 38% increase in share repurchases • 9.5% Basel III CET1 ratio (fully phased- in)2 Key Highlights All changes reflect sequential (1Q 17 to 2Q 17) trends, unless otherwise noted Prior Quarter Variance • EPS increased $0.12, or 13% → Strong performance driven by lower expenses, higher net interest margin, and asset quality improvements Prior Year Variance • EPS increased $0.09, or 10% → Primarily driven by higher net interest income and lower provision expense

4 NET INTEREST INCOME1 Net interest income up 3% sequentially and 9% YoY, driven by NIM expansion and balance sheet growth Prior Quarter Variance • Net interest margin (FTE) increased 5 bps, driven primarily by higher loan yields as a result of the increases in short-term rates • Net interest income (FTE) increased $39 million, or 3%, as a result of NIM improvement and growth in average earning assets Prior Year Variance • Net interest margin (FTE) increased 15 bps, driven by: → Higher loan yields as a result of the increases in short-term rates → Continued balance sheet optimization • Net interest income (FTE) increased $116 million, or 9%, driven by NIM expansion and 3% growth in average earning assets 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 $1,288 $1,308 $1,343 $1,366 $1,403 $1,323 $1,342 $1,377 $1,400 $1,439 2.99% 2.96% 3.00% 3.09% 3.14% 2Q 16 3Q 16 4Q 16 1Q 17 2Q 17 Net Interest Income Net Interest Income (FTE) NIM (FTE) ($ in millions)

5 NONINTEREST INCOME Prior Quarter Variance • Noninterest income decreased $20 million, driven primarily by record investment banking performance in 1Q 17 → 2Q 17 represents third best quarter for investment banking income; up 17% YoY Prior Year Variance • Noninterest income decreased $71 million due to: → $55 million decrease in mortgage-production income as a result of lower refinancing activity and lower gain on sale margins → $44 million net asset-related gains recognized in 2Q 16 (recorded in other noninterest income) → $11 million decline in service charges as a result of posting order changes implemented in 4Q 16 • Partially offset by higher capital markets and commercial real estate-related income $898 $889 $815 $847 $827 2Q 16 3Q 16 4Q 16 1Q 17 2Q 17 Noninterest income slightly lower sequentially ($ in millions)

6 NONINTEREST EXPENSE Prior Quarter Variance • Noninterest expense decreased $77 million, or 5% → Driven primarily by seasonal declines in personnel costs, lower operating losses, and reduced costs associated with branch closures and severance Prior Year Variance • Noninterest expense up 3%, driven by: → Acquisition of Pillar/Cohen1 → Higher compensation costs as a result of strong revenue growth and ongoing investments in talent → Higher FDIC premium and net occupancy costs (both of which stepped up in 3Q 16) $1,345 $1,409 $1,397 $1,465 $1,388 2Q 16 3Q 16 4Q 16 1Q 17 2Q 17 Seasonality and ongoing efficiency initiatives drive sequential decrease in expenses 1. “Pillar/Cohen” refers to the businesses purchased in December 2016 from Pillar Financial, LLC and its wholly owned subsidiaries (including Cohen Financial Services (DE), LLC) ($ in millions)

7 71.5% 66.9% 65.3% 63.3% 62.6% 62.0% 61%- 62% <60% 72.0% 67.4% 65.6% 63.7% 63.1% 62.6% 2011 2012 2013 2014 2015 2016 Good efficiency performance in 2Q; on track to achieve targets 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. 2011, 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 efficiency ratio 2019 TER Target EFFICIENCY RATIO & TANGIBLE EFFICIENCY RATIO1 2 2 2 2 2017 TER Target 60.1% 62.5% 63.1% 64.6% 60.6% 60.6% 63.1% 63.7% 65.2% 61.2% 2Q 16 3Q 16 4Q 16 1Q 17 2Q 17 Tangible Efficiency Ratio (TER) Efficiency Ratio

8 CREDIT QUALITY ALLL remains relatively stable, as expected Strong asset quality position ($ in millions) NPLs decline, driven by the resolution of certain energy credits NCO ratio at multi-year lows Nonperforming Loans Net Charge-offs Provision for Credit Losses Allowance for Loan and Lease Losses $944 $949 $845 $789 $754 0.67% 0.67% 0.59% 0.55% 0.52% 2Q 16 3Q 16 4Q 16 1Q 17 2Q 17 NPLs Total NPL Ratio $137 $126 $136 $112 $70 0.39% 0.35% 0.38% 0.32% 0.20% 2Q 16 3Q 16 4Q 16 1Q 17 2Q 17 NCOs Total NCO Ratio (annualized) $146 $97 $101 $119 $90 2Q 16 3Q 16 4Q 16 1Q 17 2Q 17 $1,774 $1,743 $1,709 $1,714 $1,731 1.25% 1.23% 1.19% 1.20% 1.20% 2Q 16 3Q 16 4Q 16 1Q 17 2Q 17 ALLL ALLL Ratio Lower provision due to lower net charge-offs

9 LOANS Average performing loans up 1% sequentially ($ in billions, average balances) Note: Totals may not foot due to rounding Prior Quarter Variance • Average performing loans up 1% as a result of growth in consumer lending Prior Year Variance • Average performing loans increased $3.4 billion, or 2% • Positive mix shift continues, driven by ongoing investments in LightStream, credit card, and other consumer lending initiatives → Consumer loans up 14% → Commercial loans up 1% $77.6 $77.1 $77.4 $78.2 $78.4 $38.8 $39.0 $38.8 $38.3 $38.1 $23.9 $25.2 $25.5 $26.3 $27.2 $140.3 $141.3 $141.7 $142.8 $143.7 2Q 16 3Q 16 4Q 16 1Q 17 2Q 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 and period-end balances down 2% due to seasonality and strategic balance sheet management of higher-cost deposits • Interest-bearing deposit costs increased 4 bps Prior Year Variance • Average client deposits up 3%, reflects solid momentum on expanding and strengthening client relationships across the Company → Consumer average deposits up 3% → Wholesale average deposits up 4% $53.2 $54.5 $54.4 $54.9 $54.2 $43.0 $43.6 $44.8 $43.1 $43.6 $41.7 $41.2 $42.9 $44.7 $44.4 $9.9 $9.7 $9.6 $9.7 $10.2 $6.4 $6.3 $6.3 $6.4 $6.6 $154.2 $155.3 $158.0 $158.9 $159.1 2Q 16 3Q 16 4Q 16 1Q 17 2Q 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% 12.1% 11.8% 11.6% 11.8% 8.8% 8.6% 8.2% 8.1% 8.1% 2Q 16 3Q 16 4Q 16 1Q 17 2Q 17 Avg. Equity/Avg. Assets Tangible Common Equity/Tangible Assets $46.14 $46.63 $45.38 $45.62 $46.51 $33.98 $34.33 $32.95 $33.05 $33.83 2Q 16 3Q 16 4Q 16 1Q 17 2Q 17 Book Value Per Share Tangible Book Value Per Share $16.7 $16.8 $16.9 $16.8 $17.0 9.8% 9.8% 9.6% 9.7% 9.7% 9.7% 9.7% 9.4% 9.5% 9.5% 0 0 0 0 0 0 0 2Q 16 3Q 16 4Q 16 1Q 17 2Q 17 Basel III CET1 ratio Basel III fully phased-in CET1 ratio

12 ($ in millions) 2Q 16 1Q 17 2Q 17 %Δ Prior Qtr %Δ Prior Yr Net Interest Income $849 $883 $910 3 % 7 % Noninterest Income 532 463 465 0 % (13)% Total Revenue 1,381 1,346 1,375 2 % (0)% Provision for Credit Losses 43 88 75 (15)% NM Noninterest Expense 933 986 946 (4)% 1 % Net Income $253 $174 $227 30 % (10)% Key Statistics ($ in billions) Total Loans (average) $69.2 $71.2 $72.1 1 % 4 % Client Deposits (average) $100.5 $101.8 $103.1 1 % 3 % Managed Assets $52.3 $55.7 $56.4 1 % 8 % Efficiency Ratio 67.6% 73.3% 68.8% Tangible Efficiency Ratio¹ 66.5% 72.1% 67.7% Mortgage Data: Servicing Portfolio for Others $125.4 $135.6 $136.1 0 % 9 % Production Volume $7.3 $5.5 $6.4 17 % (12)% Application Volume $11.2 $7.7 $8.3 7 % (26)% CONSUMER SEGMENT HIGHLIGHTS 1. Please refer to page 24-25 of the earnings press release for a reconciliation of efficiency ratio to tangible efficiency ratio Note: NM = not meaningful Continued loan, deposit, and revenue momentum • Net interest income up 3% as a result of NIM expansion and solid balance sheet growth → Average loans and deposits up 1% • Noninterest income stable as decline in mortgage servicing income was offset by increases in card fees and wealth management-related income • Net income increased $53 million as a result of seasonal declines in expenses, higher revenue, and lower provision expense Prior Quarter Variance • Solid business momentum overall, particularly with regards to more stable revenue streams → Average loans up 4% → Average deposits up 3% → Managed assets up 8% • Noninterest income down 13%, driven by $55 million decline in mortgage production income • Noninterest expense up 1% as a result of higher net occupancy expense and FDIC premiums (both of which stepped up in 3Q 16) • Provision expense increased $32 million as a result of lower residential-related reserve releases and targeted growth in consumer lending (net charge- offs stable) Prior Year Variance

13 ($ in millions) 2Q 16 1Q 17 2Q 17 %Δ Prior Qtr %Δ Prior Yr Net Interest Income (FTE) $520 $572 $590 3 % 13 % Noninterest Income 329 401 386 (4)% 17 % Total Revenue (FTE) 849 973 976 0 % 15 % Provision/(Benefit) for Credit Losses 103 31 15 (52)% (85)% Noninterest Expense 415 482 457 (5)% 10 % Net Income $208 $289 $317 10 % 52 % Key Statistics ($ in billions) Total Loans (average) $72.0 $72.4 $72.3 (0)% 0 % Client Deposits (average) $53.7 $57.0 $55.8 (2)% 4 % Efficiency Ratio (FTE)¹ 48.8% 49.5% 46.8% Tangible Efficiency Ratio (FTE)¹ 46.9% 47.7% 44.9% 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) Strong execution and favorable market conditions result in record revenue and net income • Record total revenue (FTE) → Net interest income (FTE) up 3%, driven by NIM expansion → Strong overall noninterest income trends (sequential decline driven by record investment banking income in 1Q 17) • Net income increased $28 million driven by: → Seasonal declines in noninterest expense → $16 million decrease in provision expense (lower net charge-offs) Prior Quarter Variance • Total revenue (FTE) up 15% driven by: → $70 million increase in net interest income (FTE) → $33 million increase in capital markets-related income → ~$20 million incremental revenue from Pillar/Cohen2 • $88 million decrease in provision expense driven primarily by the resolution of energy credits • Noninterest expense up 10% as a result of: → Pillar/Cohen2 acquisition (closed in December 2016) → Ongoing investments in technology • 200 bp improvement in tangible efficiency ratio (FTE) Prior Year Variance

14 EXECUTING AGAINST OUR STRATEGIES: WELL POSITIONED FOR FUTURE SUCCESS • 15 bp YoY and 5 bp QoQ increase in NIM (FTE) • 60.6% tangible efficiency ratio2; on track to achieve targets → 2017 TER: 61-62% → 2019 TER: <60% • 6% reduction in branch count accomplished within last six months Improving Efficiency & Returns • Strong capital position enables 54% increase in dividends and 38% increase in share repurchases → Strong underwriting discipline drives consistently low loan loss rates in CCAR relative to other banks • 9.5% Basel III CET1 ratio (fully phased-in)3 • Issued $750 million 5.05% preferred stock Strong Capital Position Investment Thesis Strong & Diverse Franchise; Investing in Growth • 2% 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 17% and consumer lending average balances up 14%) • 10% EPS growth achieved despite ~40% decline in mortgage-related income; reflects franchise diversity 2Q 17 Accomplishments1 1. Figures refer to the YoY change of 2Q 16 vs. 2Q 17 unless otherwise noted 2. Efficiency ratio (FTE) was 61.2%. Please refer to slide 22 for GAAP reconciliations 3. Basel III CET1 ratio (transitional) is 9.7%. Please refer to slide 23 for the reconciliation of Basel III CET1 (transitional) to Basel III CET1 (fully phased-In)

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 2Q 16 3Q 16 4Q 16 1Q 17 2Q 17 EPS (diluted) $0.94 $0.91 $0.90 $0.91 $1.03 Efficiency Ratio (FTE) 60.6% 63.1% 63.7% 65.2% 61.2% Tangible Efficiency Ratio (FTE)1 60.1% 62.5% 63.1% 64.6% 60.6% Net Interest Margin (FTE) 2.99% 2.96% 3.00% 3.09% 3.14% Return on Average Assets 1.00% 0.94% 0.91% 0.93% 1.03% Return on Average Tangible Common Equity2 11.5% 10.7% 10.8% 11.3% 12.5% Average Performing Loans ($ in billions) $140.3 $141.3 $141.7 $142.8 $143.7 Average Client Deposits ($ in billions) $154.2 $155.3 $158.0 $158.9 $159.1 NPL Ratio 0.67% 0.67% 0.59% 0.55% 0.52% NCO Ratio 0.39% 0.35% 0.38% 0.32% 0.20% ALLL Ratio 1.25% 1.23% 1.19% 1.20% 1.20% Basel III Common Equity Tier 1 Ratio (transitional) 9.8% 9.8% 9.6% 9.7% 9.7% Basel III Common Equity Tier 1 Ratio (fully phased-in)3 9.7% 9.7% 9.4% 9.5% 9.5% Book Value Per Share $46.14 $46.63 $45.38 $45.62 $46.51 Tangible Book Value Per Share4 $33.98 $34.33 $32.95 $33.05 $33.83 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) 2Q 16 3Q 16 4Q 16 1Q 17 2Q 17 Servicing Fees1 $91 $93 $93 $100 $100 ($55) ($60) ($69) ($50) ($57) Net MSR Fair Value and Hedge Activity3 $15 $16 $1 $7 $1 Mortgage Servicing Income $52 $49 $25 $58 $44 Memo: Total Loans Serviced for Others (average balance) $123,629 $124,729 $126,765 $134,444 $136,376 Annualized Servicing Fees / Average Loans Serviced for Others (bps) 30 30 29 30 30 Changes in MSR Value from Collection/Realization of Cash Flow (Decay)2

18 Memo: 30-89 Accruing Delinquencies 2Q 16 3Q 16 4Q 16 1Q 17 2Q 17 2Q 17 Loan Balance Commercial & industrial 0.05% 0.05% 0.05% 0.05% 0.05% $68,511 Commercial real estate 0.03% 0.04% 0.02% 0.03% 0.04% $5,250 Commercial construction 0.00% 0.00% 0.00% 0.00% 0.00% $4,019 Total Commercial Loans 0.04% 0.05% 0.05% 0.04% 0.05% $77,780 Residential mortgages – guaranteed - - - - - $501 Residential mortgages – nonguaranteed 0.31% 0.29% 0.32% 0.26% 0.21% $26,594 Home equity products 0.64% 0.63% 0.68% 0.63% 0.66% $11,173 Residential construction 0.11% 0.29% 0.64% 0.33% 0.30% $364 Total Residential Loans¹ 0.41% 0.40% 0.44% 0.37% 0.34% $38,632 Guaranteed student loans - - - - - $6,543 Other direct 0.33% 0.38% 0.43% 0.39% 0.36% $8,249 Indirect 0.79% 0.99% 1.18% 0.83% 0.83% $11,639 Credit cards 0.70% 0.77% 0.83% 0.74% 0.75% $1,425 Total Consumer Loans² 0.62% 0.74% 0.86% 0.65% 0.64% $27,856 Total SunTrust - excl. gov.-guaranteed delinquencies³ 0.23% 0.25% 0.27% 0.22% 0.22% $137,224 Impact of excluding gov.-guaranteed delinquencies 0.35% 0.39% 0.45% 0.50% 0.44% $7,044 Total SunTrust - incl. gov.-guaranteed delinquencies4 0.58% 0.64% 0.72% 0.72% 0.66% $144,268 30-89 DAY DELINQUENCIES BY LOAN CLASS 1. Excludes delinquencies on all federally guaranteed mortgages 2. Excludes delinquencies on federally guaranteed student loans 3. Excludes delinquencies on federally guaranteed mortgages and student loans from the calculation 4. Excludes mortgage loans guaranteed by GNMA that SunTrust has the option, but not the obligation, to repurchase Note: Totals may not foot due to rounding ($ in millions)

19 NONPERFORMING LOANS BY LOAN CLASS Note: Totals may not foot due to rounding Memo: Nonperforming Loans ($ in millions) 2Q 16 3Q 16 4Q 16 1Q 17 2Q 17 2Q 17 Loan Balance Commercial & industrial $491 $501 $390 $328 $304 $68,511 Commercial real estate 10 10 7 6 5 $5,250 Commercial construction 2 2 17 18 16 $4,019 Total Commercial Loans $503 $513 $414 $352 $325 $77,780 Residential mortgages – guaranteed - - - - - $501 Residential mortgages – nonguaranteed 194 183 177 179 181 $26,594 Home equity products 226 235 235 237 226 $11,173 Residential construction 13 11 12 12 12 $364 Total Residential Loans $433 $429 $424 $428 $419 $38,632 Guaranteed student loans - - - - - $6,543 Other direct 5 5 6 5 5 $8,249 Indirect 4 2 1 4 5 $11,639 Credit cards - - - - - $1,425 Total Consumer Loans $8 $7 $7 $9 $10 $27,856 Total SunTrust $944 $949 $845 $789 $754 $144,268 NPLs / Total Loans 0.67% 0.67% 0.59% 0.55% 0.52%

20 NET CHARGE-OFF RATIOS BY LOAN CLASS Note: Totals may not foot due to rounding Memo: Net Charge-off Ratio (annualized) 2Q 16 3Q 16 4Q 16 1Q 17 2Q 17 2Q 17 Loan Balance Commercial & industrial 0.52 % 0.41 % 0.35 % 0.29 % 0.10 % $68,511 Commercial real estate (0.01)% 0.01 % (0.01)% (0.02)% 0.00 % $5,250 Commercial construction (0.00)% (0.01)% 0.88 % (0.02)% 0.10 % $4,019 Total Commercial Loans 0.46 % 0.37 % 0.35 % 0.26 % 0.10 % $77,780 Residential mortgages – guaranteed - - - - - $501 Residential mortgages – nonguaranteed 0.20 % 0.17 % 0.23 % 0.17 % 0.14 % $26,594 Home equity products 0.36 % 0.31 % 0.37 % 0.35 % 0.20 % $11,173 Residential construction 0.07 % 0.11 % (0.50)% (0.34)% 0.84 % $364 Total Residential Loans 0.24 % 0.21 % 0.26 % 0.22 % 0.16 % $38,632 Guaranteed student loans - - - - - $6,543 Other direct 0.45 % 0.51 % 0.61 % 0.61 % 0.70 % $8,249 Indirect 0.34 % 0.62 % 0.81 % 0.78 % 0.45 % $11,639 Credit cards 2.48 % 2.20 % 2.32 % 2.61 % 2.77 % $1,425 Total Consumer Loans 0.39 % 0.52 % 0.64 % 0.64 % 0.54 % $27,856 Total SunTrust 0.39 % 0.35 % 0.38 % 0.32 % 0.20 % $144,268 ($ in millions)

21 NET CHARGE-OFFS BY LOAN CLASS Note: Totals may not foot due to rounding Memo: Net Charge-offs ($ in millions) 2Q 16 3Q 16 4Q 16 1Q 17 2Q 17 2Q 17 Loan Balance Commercial & industrial $90 $71 $60 $50 $18 $68,511 Commercial real estate 0 - - 0 - $5,250 Commercial construction - - 9 - 1 $4,019 Total Commercial Loans $90 $71 $69 $50 $19 $77,780 Residential mortgages – guaranteed - - - - - $501 Residential mortgages – nonguaranteed 12 11 15 10 9 $26,594 Home equity products 11 10 11 10 5 $11,173 Residential construction - - - - 1 $364 Total Residential Loans $24 $21 $26 $20 $15 $38,632 Guaranteed student loans - - - - - $6,543 Other direct 7 9 12 12 14 $8,249 Indirect 9 17 21 21 13 $11,639 Credit cards 7 7 8 9 9 $1,425 Total Consumer Loans $23 $34 $41 $42 $36 $27,856 Total SunTrust $137 $126 $136 $112 $70 $144,268

22 2Q 16 3Q 16 4Q 16 1Q 17 2Q 17 2011 2012 2013 2014 2015 2016 Reported (GAAP) Basis Net Interest Income 1,288 1,308 1,343 1,366 1,403 5,065 5,102 4,853 4,840 4,764 5,221 Noninterest Income 898 889 815 847 827 3,421 5,373 3,214 3,323 3,268 3,383 Revenue 2,186 2,197 2,158 2,213 2,230 8,486 10,475 8,067 8,163 8,032 8,604 Noninterest Expense¹ 1,345 1,409 1,397 1,465 1,388 6,194 6,284 5,831 5,543 5,160 5,468 Efficiency Ratio 61.5% 64.1% 64.7% 66.2% 62.2% 73.0% 60.0% 72.3% 67.9% 64.2% 63.6% Reconciliation: Net Interest Income 1,288 1,308 1,343 1,366 1,403 5,065 5,102 4,853 4,840 4,764 5,221 FTE Adjustment 35 34 34 34 36 114 123 127 142 142 138 Net Interest Income-FTE 1,323 1,342 1,377 1,400 1,439 5,179 5,225 4,980 4,982 4,906 5,359 Noninterest Income 898 889 815 847 827 3,421 5,373 3,214 3,323 3,268 3,383 Revenue-FTE 2,221 2,231 2,192 2,247 2,266 8,600 10,598 8,194 8,305 8,174 8,742 Efficiency Ratio-FTE 60.6% 63.1% 63.7% 65.2% 61.2% 72.0% 59.3% 71.2% 66.7% 63.1% 62.6% 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 898 889 815 847 827 3,421 3,898 3,277 3,218 3,268 3,383 Adjusted Revenue-FTE² 2,221 2,231 2,192 2,247 2,266 8,600 9,123 8,257 8,200 8,174 8,742 Noninterest Expense¹ 1,345 1,409 1,397 1,465 1,388 6,194 6,284 5,831 5,543 5,160 5,468 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 1,345 1,409 1,397 1,465 1,388 6,194 6,150 5,412 5,219 5,160 5,468 Amortization Expense 11 14 14 13 15 43 46 23 25 40 49 Adjusted Tangible Expenses² 1,334 1,395 1,383 1,452 1,373 6,151 6,104 5,389 5,194 5,120 5,419 Adjusted Efficiency Ratio-FTE³ 60.6% 63.1% 63.7% 65.2% 61.2% 72.0% 67.4% 65.6% 63.7% 63.1% 62.6% Adjusted Tangible Efficiency Ratio-FTE³ 60.1% 62.5% 63.1% 64.6% 60.6% 71.5% 66.9% 65.3% 63.3% 62.6% 62.0% RECONCILIATION: ADJUSTED EFFICIENCY RATIO (FTE) & ADJUSTED TANGIBLE EFFICIENCY RATIO (FTE) 1. In accordance with updated GAAP, amortization of affordable housing investments of $40 million, $39 million, and $49 million were reclassified and are now presented in provision for income taxes for 2011, 2012, and 2013, respectively. Previously, the amortization was presented in other noninterest expense 2. Adjusted revenue and expenses are provided as they remove certain items that are material and potentially non-recurring. Adjusted figures are intended to provide management and investors information on trends that are more comparable across periods and potentially more comparable across institutions 3. Represents adjusted noninterest expense / adjusted revenue–FTE. Adjusted tangible efficiency ratio excludes amortization expense, the impact of which is (0.51%), (0.60%), (0.65%), (0.59%), (0.65%), (0.50%), (0.50%), (0.28%), (0.30%), (0.49%), and (0.56%) for 2Q 16, 3Q 16, 4Q 16, 1Q 17, 2Q 17, 2011, 2012, 2013, 2014, 2015, and 2016, respectively Note: 2011, 2012, 2013, and 2014 values represent the adjusted efficiency ratio and adjusted tangible efficiency ratio, 2Q 16, 3Q 16, 4Q 16, 1Q 17, 2Q 17, 2015 and 2016 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 and subject to revision 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 2Q 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 $175.7 Adjustments3 2.5 Risk-weighted Assets: Common Equity Tier 1 – Fully phased-in $178.2 Common Equity Tier 1 – Transitional 9.7% Common Equity Tier 1 – Fully phased-in 9.5% ($ in billions)

24 RECONCILIATION: NON-GAAP MEASURES Note: Totals may not foot due to rounding 2Q 16 3Q 16 4Q 16 1Q 17 2Q 17 Total Shareholders' Equity $24.5 $24.4 $23.6 $23.5 $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) (1.1) (1.7) (1.7) (1.7) MSRs 1.1 1.1 1.6 1.7 1.7 Tangible Equity $18.4 $18.4 $17.5 $17.4 $18.4 Noncontrolling Interest (0.1) (0.1) (0.1) (0.1) (0.1) Preferred Stock (1.2) (1.2) (1.2) (1.2) (2.0) Tangible Common Equity $17.0 $17.0 $16.2 $16.1 $16.3 Total Assets 198.9 205.1 204.9 205.6 207.2 Goodwill (6.3) (6.3) (6.3) (6.3) (6.3) Other Intangible Assets Including MSRs, Net of Deferred Taxes (1.1) (1.1) (1.7) (1.7) (1.7) MSRs 1.1 1.1 1.6 1.7 1.7 Tangible Assets $192.5 $198.7 $198.5 $199.3 $200.9 Average Equity / Average Assets 12.1% 12.1% 11.8% 11.6% 11.8% Total Equity / Total Assets 12.3% 11.9% 11.5% 11.4% 11.8% Tangible Equity / Tangible Assets 9.5% 9.2% 8.8% 8.7% 9.1% Tangible Common Equity / Tangible Assets 8.8% 8.6% 8.2% 8.1% 8.1% Book Value Per Common Share $46.14 $46.63 $45.38 $45.62 $46.51 Tangible Book Value Per Common Share $33.98 $34.33 $32.95 $33.05 $33.83 ($ in billions, except per-share data)

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