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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): January 18, 2019

SunTrust Banks, Inc.__________________________________________

(Exact name of registrant as specified in its charter)

Georgia 001-08918 58-1575035

(State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.)

303 Peachtree Street, N.E., Atlanta, Georgia 30308

(Address of principal executive offices) (Zip Code)

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

Not Applicable

Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General InstructionA.2. below):

¨Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of theSecurities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accountingstandards 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 January 18, 2019 , SunTrust Banks, Inc. (the “Registrant”) announced financial results for the period ended December 31, 2018 . A copy of the news release announcing such results is attachedhereto 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 January 18, 2019 , at 8:00 a.m. Eastern time.Additional presentation materials relating to such call are furnished hereto as Exhibit 99.2 and are incorporated herein by reference.

The foregoing information is furnished pursuant to Item 2.02, “Results of Operations and Financial Condition,” and Item 7.01, “Regulation FD.” Consequently, it is not deemed “filed” forpurposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section. It may only be incorporated by reference into another filing under the ExchangeAct or Securities Act of 1933 if such subsequent filing specifically references this Form 8-K. All information in the news release and presentation materials speak as of the date thereof and theRegistrant does not assume any obligation to update said information in the future. In addition, the Registrant disclaims any inference regarding the materiality of such information which otherwisemay 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 January 18, 2019 (furnished with the Commission as a part of this Form 8-K).

99.2 Presentation slides dated January 18, 2019 (furnished with the Commission as a part of this Form 8-K).

SIGNATURE

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

SUNTRUST BANKS, INC.

(Registrant)

Date: January 18, 2019 By: /s/ R. Ryan Richards

R. Ryan Richards,Senior Vice President and Controller

Exhibit 99.1

News Release

Contact: Investors Media Ankur Vyas Mike McCoy (404) 827-6714 (404) 588-7230

For Immediate ReleaseJanuary 18 , 2019

SunTrust Reports Fourth Quarter and Full Year 2018 Results7th Consecutive Year of Performance Improvement

Continued Efficiency Improvements, Higher Capital Return,and Favorable Operating Environment Drive Strong Year-over-Year EPS Growth

ATLANTA -- For the fourth quarter of 2018, SunTrust Banks, Inc. (NYSE: STI) reported net income available to common shareholders of $632 million , or $1.40 peraverage common diluted share, which includes a $(0.10) per share discrete charge associated with the settlement of a legacy pension plan.

For the full year, diluted earnings per share was $5.74 , up 28% relative to 2017 diluted earnings per share and up 40% relative to 2017 adjusted earnings pershare. 2017 diluted earnings per share was $4.47 and included $0.39 net discrete benefits from Form 8-K items announced on December 4, 2017 and other items relatedto tax reform.

“Our performance this quarter provided a good conclusion to a strong year for SunTrust. In 2018, we continued to deliver on the commitments we have made toour owners: we achieved our sub-60% adjusted tangible efficiency ratio target one year ahead of schedule, and we delivered our seventh consecutive year of improvedearnings per share, efficiency, and capital returns,” said William H. Rogers, Jr., chairman and CEO of SunTrust Banks, Inc. “Going into 2019, our diverse business mix,ongoing investments in growth and technology, and consistent underwriting discipline, give me confidence in our ability to continue to deliver long-term value for ourowners.”

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Fourth Quarter 2018 Financial Highlights(Commentary is on a fully taxable-equivalent basis unless otherwise noted. Consistent with SEC guidance in Industry Guide 3 that contemplates the calculation of tax-exempt income on a tax equivalent basis, netinterest income, net interest margin, total revenue, and efficiency ratios are provided on a fully taxable-equivalent basis, which generally assumes a 21% marginal federal tax rate for all periods beginning on orafter January 1, 2018 and 35% for all periods prior to January 1, 2018, as well as state income taxes, where applicable. We provide unadjusted amounts in the table on page 3 of this news release and detailedreconciliations and additional information in Appendix A on pages 22 and 23 .)

Income Statement

• Net income available to common shareholders was $632 million , or $1.40 per average common diluted share, compared to $1.56 for the prior quarter and $1.48for the fourth quarter of 2017 .

◦ The fourth quarter of 2018 included $(0.10) per average common share related to a discrete charge associated with the settlement of a legacy pensionplan.

◦ The prior quarter and prior year quarter included $0.14 per share and $0.39 per share of discrete benefits, respectively.

• Total revenue was up 3% sequentially and 4% year-over-year. The sequential increase was driven by both higher net interest income and noninterest income,while the year-over-year increase was driven by higher net interest income.

• Net interest margin was 3.27% in the current quarter, stable sequentially and up 10 basis points compared to the prior year. Compared to the prior quarter, thebenefit of higher benchmark interest rates was generally offset by increased wholesale funding, given strong loan growth. The year-over-year increase was drivenprimarily by higher benchmark interest rates in addition to positive mix shift in the loans held for investment (“LHFI”) portfolio, offset partially by higher fundingcosts.

• Provision for credit losses increased $26 million sequentially and $8 million year-over-year, driven by loan growth, partially offset by a lower allowance for loanand lease losses (“ALLL”) to period-end LHFI ratio.

• Noninterest expense increased $98 million sequentially and decreased $38 million year-over-year. The sequential increase was driven primarily by a $60 millionpre-tax pension plan settlement charge recognized in the fourth quarter of 2018. The year-over-year decrease includes the impacts of the December 4, 2017 Form8-K and tax reform-related items recognized during the fourth quarter of 2017. Excluding these discrete items, noninterest expense increased $38 millionsequentially and $13 million year-over-year.

• The efficiency and tangible efficiency ratios for the current quarter were 62.1% and 61.1% , respectively, which were unfavorably impacted by the legacy pensionplan settlement charge. Excluding this item, the adjusted tangible efficiency ratio was 58.6% for the current quarter, compared to 58.9% for the prior quarter and59.9% for the prior year quarter.

Balance Sheet

• Average performing LHFI was up 3% compared to the prior quarter and up 4% year-over-year, driven by growth across most loan categories.

• Average consumer and commercial deposits increased 1% compared to both the prior quarter and the prior year, driven primarily by growth in NOW accountsand time deposits, offset partially by declines in money market accounts and demand deposits.

Capital

• Estimated capital ratios continue to be well above regulatory requirements. The Common Equity Tier 1 (“CET1”) ratio was estimated to be 9.2% as ofDecember 31, 2018 , lower than the prior quarter due to loan growth and increased share repurchases.

• During the quarter, the Company repurchased $750 million of its outstanding common stock. The Company has $750 million remaining authorization per its 2018Capital Plan. The Company also issued $1.4 billion of long-term debt in the fourth quarter of 2018 .

• Book value per common share was $49.57 and tangible book value per common share was $35.73 , both up from September 30, 2018 , driven primarily bygrowth in retained earnings and a decrease in accumulated other comprehensive loss.

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Asset Quality

• Nonperforming loans (“NPLs”) decreased $169 million from the prior quarter and represented 0.35% of period-end LHFI at December 31, 2018 . The decreasewas driven primarily by payoffs and the resolution of certain commercial loans.

• Net charge-offs for the current quarter were $97 million , or 0.26% of total average LHFI on an annualized basis, compared to 0.24% during the prior quarter and0.29% during the fourth quarter of 2017 .

• At December 31, 2018 , ALLL to period-end LHFI ratio was 1.06% , down 4 basis points compared to the prior quarter, driven by continued improvements inasset quality.

• Provision for credit losses increased $26 million sequentially and $8 million year-over-year, driven primarily by loan growth, partially offset by a lower ALLL toperiod-end LHFI ratio.

Income Statement (Dollars in millions, except per share data) 4Q 2018 3Q 2018 2Q 2018 1Q 2018 4Q 2017

Net interest income $1,547 $1,512 $1,488 $1,441 $1,434

Net interest income-FTE 1 1,570 1,534 1,510 1,461 1,472

Net interest margin 3.22% 3.22% 3.23% 3.20% 3.09%

Net interest margin-FTE 1 3.27 3.27 3.28 3.24 3.17

Noninterest income $818 $782 $829 $796 $833

Total revenue 2,365 2,294 2,317 2,237 2,267

Total revenue-FTE 1 2,388 2,316 2,339 2,257 2,305

Noninterest expense 1,482 1,384 1,390 1,417 1,520

Provision for credit losses 87 61 32 28 79

Net income available to common shareholders 632 726 697 612 710

Earnings per average common diluted share 1.40 1.56 1.49 1.29 1.48 Balance Sheet (Dollars in billions)

Average LHFI $149.7 $146.0 $144.2 $142.9 $144.0

Average consumer and commercial deposits 161.6 159.3 159.0 159.2 160.7 Capital

Basel III capital ratios at period end 2 :

Tier 1 capital 10.30% 10.72% 10.86% 11.00% 11.15%

Common Equity Tier 1 ("CET1") 9.21 9.60 9.72 9.84 9.74

Total average shareholders’ equity to total average assets 11.21 11.71 11.78 12.05 12.09 Asset Quality

Net charge-offs to total average LHFI (annualized) 0.26% 0.24% 0.20% 0.22% 0.29%

ALLL to period-end LHFI 3 1.06 1.10 1.14 1.19 1.21

NPLs to period-end LHFI 0.35 0.47 0.52 0.50 0.471 See Appendix A on pages 22 and 23 for non-U.S. GAAP reconciliations and additional information.2 Basel III capital ratios are calculated under the standardized approach using regulatory capital methodology applicable to the Company for each period presented, including the phase-in of transition provisions through January 1,2018. Capital ratios at December 31, 2018 are estimated as of the date of this document.

3 LHFI measured at fair value were excluded from period-end LHFI in the calculation as no allowance is recorded for loans measured at fair value.

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Consolidated Financial Performance Details(Commentary is on a fully taxable-equivalent basis unless otherwise noted)

Revenue

Total revenue was $2.4 billion for the current quarter, an increase of $72 million , or 3% , compared to the prior quarter, driven by higher net interest income andnoninterest income. The sequential increase in net interest income was driven by growth in average earning assets. Noninterest income increase d $36 million sequentiallydue largely to higher commercial real estate-related income, offset partially by lower capital markets-related income. Compared to the fourth quarter of 2017 , totalrevenue increased $83 million , or 4% , driven by a $98 million increase in net interest income as a result of net interest margin expansion and growth in average earningassets, partially offset by lower mortgage-related income.

Net Interest Income

Net interest income was $1.6 billion for the fourth quarter of 2018, an increase of $36 million compared to the prior quarter due primarily to $4.4 billion growth inaverage earning assets. The $98 million increase relative to the prior year was driven by a 10 basis point expansion in the net interest margin and a $6.4 billion increase inaverage earning assets.

Net interest margin for the current quarter was 3.27% , stable compared to the prior quarter and 10 basis points higher than the prior year. The year-over-year increasewas driven primarily by higher earning asset yields, offset partially by higher funding costs.

For the year ended December 31 , 2018 , net interest income was $6.1 billion , a $297 million , or 5% , increase compared to the year ended December 31 , 2017 . Thenet interest margin for the full year of 2018 was 3.26% , a 12 basis point increase compared to the same period in 2017. The increases in both net interest income and netinterest margin were driven by the same factors that impacted the prior year comparison above.

Noninterest Income

Noninterest income was $818 million for the current quarter, compared to $782 million for the prior quarter and $833 million for the fourth quarter of 2017 . The $36million sequential increase was due largely to higher commercial real estate-related income, offset partially by lower capital markets-related income. Compared to theprior year, noninterest income decreased $15 million driven primarily by lower mortgage production-related income.

Client transaction-related fees (namely service charges on deposits, other charges and fees, and card fees) increased $13 million sequentially due primarily to a $7million one-time charge related to changes in our process for recognizing card rewards expenses in the third quarter of 2018 (recorded as contra-revenue) . The $8 millionyear-over-year decrease was due primarily to the impact of adopting the revenue recognition accounting standard during the first quarter of 2018, which resulted in thenetting of certain expense items against card fees, other charges and fees, and service charges on deposit accounts.

Investment banking income was $146 million for the current quarter, compared to $150 million in the prior quarter and $122 million for the fourth quarter of 2017.The $4 million sequential decrease was due to lower transaction activity as a result of adverse market conditions during the fourth quarter of 2018. The year-over-yearincrease was due primarily to higher transaction activity in M&A and loan syndications, offset partially by lower transaction activity in high yield bond originations andequity offerings.

Trading income was $24 million for the current quarter, compared to $42 million in the prior quarter and $41 million in the prior year. The $18 million sequential and$17 million year-over-year decreases were due primarily to mark-to-market valuation losses resulting from adverse market conditions and higher counterparty creditvaluation reserves in the fourth quarter of 2018.

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Mortgage servicing-related income was $49 million for the current quarter compared to $43 million in both the prior quarter and fourth quarter of 2017 . Thesequential and year-over-year increases were due primarily to higher servicing fees, offset partially by lower net hedge performance. At December 31, 2018 , theservicing portfolio totaled $171.4 billion , relatively stable compared to the prior quarter and a 4% increase compared to the prior year due to MSRs purchased in the firstand third quarters of 2018.

Mortgage production-related income for the current quarter was $36 million , compared to $40 million for the prior quarter and $61 million for the fourth quarter of2017 . The $4 million sequential and $25 million year-over-year decreases were due to lower production volume, offset partially by a repurchase reserve release duringthe fourth quarter of 2018. The year-over-year decline was also impacted by lower gain-on-sale margins. Mortgage application volume decreased 28% sequentially and23% compared to the fourth quarter of 2017 . Closed loan volume decreased 20% sequentially and 22% year-over-year.

Trust and investment management income was $74 million for the current quarter, compared to $80 million for both the prior quarter and prior year. The $6 millionsequential decrease was due primarily to seasonally higher trust fees recognized during the prior quarter. The $6 million year-over-year decrease was due to trusttermination fees received during the fourth quarter of 2017.

Retail investment services income was $74 million for the current quarter, stable relative to the prior quarter and $4 million higher than the fourth quarter of 2017 .The $4 million year-over-year increase was due primarily to higher assets under management.

Commercial real estate-related income was $68 million for the current quarter, compared to $24 million for the prior quarter and $62 million for the prior year. Theincrease compared to the prior quarter and prior year was driven primarily by increased client-driven structured real estate transactions. The sequential increase is alsoimpacted by seasonality in SunTrust Community Capital (tax credit-related income) and the Company's agency lending business.

Net securities gains/(losses) totaled $0 for both the current quarter and prior quarter. In the fourth quarter of 2017, the Company recognized ($109) million ofsecurities losses as a result of a securities AFS portfolio restructuring in response to tax reform.

Other noninterest income was $26 million for the current quarter, compared to $21 million in the prior quarter and $134 million in the fourth quarter of 2017 . The $5million sequential increase was due primarily to mark-to-market gains from credit default swap hedges, offset partially by mark-to-market losses on certain FinTechinvestments. The $108 million year-over-year decrease was due primarily to the $107 million pre-tax gain from the sale of Premium Assignment Corporation ("PAC")during the fourth quarter of 2017.

For the year ended December 31 , 2018 , noninterest income was $3.2 billion , compared to $3.4 billion for the year ended December 31 , 2017 . The $128 milliondecrease was driven by declines across most categories as a result of market conditions (which negatively impacted capital markets and mortgage-related income) as wellas the impact of the adoption of revenue recognition accounting standards during the first quarter of 2018, offset partially by higher commercial real estate and wealthmanagement-related income. For the year ended December 31, 2018, the adoption of the revenue recognition accounting standards resulted in a net reduction of $26million to noninterest income and noninterest expense (prior periods were not restated).

Noninterest Expense

Noninterest expense was $1.5 billion in the current quarter, up $98 million sequentially and down $38 million compared to the fourth quarter of 2017 . The sequentialincrease was driven by the $60 million pre-tax legacy pension plan settlement charge recognized in the fourth quarter of 2018 as well as higher operating losses, netoccupancy expense, and other noninterest expense, offset partially by lower regulatory assessment costs. The year-over-year decrease was due primarily to the $111million of net expenses recognized in the fourth quarter of 2017 related to the December 4, 2017 Form 8-K and tax reform-related items. Excluding these discrete items,noninterest expense increased $38 million sequentially and $13 million year-over-year.

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Employee compensation and benefits expense was $857 million in the current quarter, compared to $795 million in the prior quarter and $803 million in the fourthquarter of 2017 . The $62 million sequential and $54 million year-over-year increases were due primarily to the $60 million of legacy pension plan settlement chargerecognized during the fourth quarter of 2018.

Outside processing and software expense was $242 million in the current quarter, compared to $234 million in the prior quarter and $214 million in the fourth quarterof 2017 . The $8 million sequential and $28 million year-over-year increases were driven primarily by higher software-related costs resulting from the amortization ofnew and upgraded technology assets.

Net occupancy expense was $102 million in the current quarter, compared to $86 million in the prior quarter and $97 million in the prior year. The $16 millionsequential increase was driven primarily by lease termination gains recognized during the prior quarter.

Marketing and customer development expense was $49 million in the current quarter, compared to $45 million in the prior quarter and $104 million in the fourthquarter of 2017 . The $4 million sequential increase was driven by normal seasonal trends. The $55 million year-over-year decrease was driven primarily by the $50million tax reform-related charitable contribution to support financial well-being initiatives during the fourth quarter of 2017.

Regulatory assessments expense was $7 million in the current quarter, compared to $39 million in the prior quarter and $43 million in the prior year. The sequentialand year-over-year decrease was driven by the cessation of the FDIC Deposit Insurance Fund surcharge in the fourth quarter of 2018, in addition to a separate $9 millionregulatory assessment credit in the fourth quarter of 2018.

Operating losses were $39 million in the current quarter, compared to $18 million in the prior quarter and $23 million in the fourth quarter of 2017 . The sequentialand year-over-year increases were due primarily to higher legal and fraud-related costs.

Other noninterest expense was $122 million in the current quarter, compared to $108 million in the prior quarter and $170 million in the fourth quarter of 2017 . The$14 million sequential increase was driven primarily by costs associated with a vendor contract termination as well as higher consulting costs. The $48 million year-over-year decrease was driven primarily by certain efficiency actions taken during the fourth quarter of 2017, including severance costs in conjunction with the voluntary earlyretirement program, branch and corporate real estate closure costs, and software write-downs.

Noninterest expense for the year ended December 31 , 2018 decreased $91 million compared to the year ended December 31 , 2017 . The 2% decrease was drivenprimarily by the $111 million of discrete charges in the fourth quarter of 2017, in addition to ongoing efficiency initiatives, offset partially by higher outside processingand software costs and the $60 million pre-tax legacy pension plan settlement charge recognized in the fourth quarter of 2018.

Income Taxes

For the fourth quarter of 2018, the Company recorded a provision for income taxes of $136 million compared to $95 million for the prior quarter and a benefit of $74million for the fourth quarter of 2017 . The effective tax rate for the current quarter was 17% , compared to 11% in the prior quarter and (11)% in the fourth quarter of2017 . The fourth quarter of 2018 included $10 million of discrete tax benefits. The prior quarter included $67 million of discrete tax benefits related to the finalization ofthe impact of tax reform and the completion of the merger of SunTrust Mortgage into SunTrust Bank. The prior year included a net $264 million tax benefit for theestimated impact of the re-measurement of the Company's estimated net deferred tax liabilities at December 31, 2017, due to tax reform, partially offset by certaindiscrete tax charges. The year-over-year change in the effective tax rate was also impacted by the reduction in the U.S. federal corporate income tax rate from 35% to21% .

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Balance Sheet

At December 31, 2018 , the Company had total assets of $215.5 billion and total shareholders’ equity of $24.3 billion , representing 11% of total assets. Book valueper common share was $49.57 and tangible book value per common share was $35.73 , up 3% and 4% , respectively, compared to September 30, 2018 , driven primarilyby growth in retained earnings and a decrease in accumulated other comprehensive loss.

Loans and Deposits

Average performing LHFI totaled $149.1 billion for the current quarter, up 3% compared to the prior quarter and up 4% compared to the prior year driven by broad-based growth across most loan categories.

Average consumer and commercial deposits totaled $161.6 billion for the current quarter, up 1% compared to both the prior quarter and fourth quarter of 2017 . Thesequential and year-over-year increase was driven by growth in NOW accounts and time deposits, offset partially by declines in money market accounts and demanddeposits.

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 9.2% at December 31,2018 . The ratios of average total equity to average total assets and tangible common equity to tangible assets were 11.2% and 7.6% , respectively, at December 31 , 2018. The Company continues to have substantial available liquidity in the form of cash, high-quality government-backed or government-sponsored securities, and otheravailable contingency funding sources.

The Company declared a common stock dividend of $0.50 per common share and repurchased $750 million of its outstanding common stock in the fourth quarter of2018 . The Company has $750 million remaining authorization per its 2018 Capital Plan. Additionally, SunTrust Bank issued $600 million of 3-year fixed-to-floating ratesenior notes, $500 million of 7-year fixed rate senior notes, and $300 million of 3-year floating rate senior notes in the fourth quarter of 2018 .

Asset Quality

Overall asset quality performance continues to be strong. Nonperforming assets ("NPAs") totaled $589 million at December 31, 2018 , down $165 million from theprior quarter and $152 million year-over-year. The ratio of NPLs to period-end LHFI was 0.35% , 0.47% , and 0.47% at December 31 , 2018 , September 30 , 2018 , andDecember 31 , 2017 , respectively. The decrease was driven primarily by payoffs and the resolution of certain nonaccruing commercial loans. In addition, residentialmortgage nonperforming loans declined due to loans transitioning from non-accruing (as a result of forbearance relief provided after hurricanes) back to accruing status.

Net charge-offs totaled $97 million during the current quarter, an increase of $9 million compared to the prior quarter and a decrease of $10 million compared to thefourth quarter of 2017 . The ratio of annualized net charge-offs to total average LHFI was 0.26% during the current quarter, compared to 0.24% during the prior quarterand 0.29% during the prior year.

The provision for credit losses was $87 million in the current quarter, a sequential increase of $26 million and a year-over-year increase of $8 million . Theseincreases were driven primarily by loan growth, partially offset by a lower ALLL to period-end LHFI ratio. At December 31 , 2018 , the ALLL was $1.6 billion , whichrepresented 1.06% of period-end loans, a 4 basis point decline relative to September 30 , 2018 , driven by continued improvements in asset quality.

Early stage delinquencies decreased 1 basis point from the prior quarter and 7 basis points from December 31 , 2017 to 0.73% at December 31 , 2018 . Excludinggovernment-guaranteed loans, early stage delinquencies were 0.27% , up 3 basis points compared to the prior quarter, given typical seasonal trends, and down 5 basispoints compared to the fourth quarter of 2017 .

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OTHER INFORMATION

About SunTrust Banks, Inc.SunTrust Banks, Inc. (NYSE: STI) is a purpose-driven company dedicated to Lighting the Way to Financial Well-Being for the people, businesses, and communities it serves.

SunTrust leads onUp, a national movement inspiring Americans to build financial confidence. Headquartered in Atlanta, the Company has two business segments: Consumer andWholesale . Its flagship subsidiary, SunTrust Bank, operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states, along with 24-hour digital access. Certain business lines serve consumer, commercial, corporate, and institutional clients nationally. As of December 31, 2018 , SunTrust had total assets of $216billion and total deposits of $163 billion . The Company provides deposit, credit, trust, investment, mortgage, asset management, securities brokerage, and capital market services.Learn more at suntrust.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. For the business segments, net interest income is computed using matched-maturity funds transfer pricing and noninterest income includes federaland state tax credits that are grossed-up on a pre-tax equivalent basis. Further, provision/(benefit) for credit losses represents net charge-offs by segment combined with an allocationto the segments of the provision/(benefit) attributable to each segment's quarterly change in the allowance for loan and lease losses ("ALLL") and unfunded commitments reservebalances. SunTrust also reports results for Corporate Other, which includes the Treasury department as well as the residual expense associated with operational and support expenseallocations. The Total Corporate Other results presented in this document also include Reconciling Items, which are comprised of differences created between internal managementaccounting practices and U.S. Generally Accepted Accounting Principles ("U.S. GAAP") and certain matched-maturity funds transfer pricing credits and charges. A detaileddiscussion of the business segment results will be included in the Company’s forthcoming Form 10-K .

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

included in this release and the earnings presentation which SunTrust has also published today and SunTrust’s forthcoming Form 10-K . Detailed financial tables and the earningspresentation are also available at investors.suntrust.com . This information is also included in a current report on Form 8-K furnished with the SEC today.

Conference CallSunTrust management will host a conference call on January 18 , 2019 , at 8:00 a.m. (Eastern Time) to discuss the earnings results and business trends. Individuals may call in

beginning at 7:30 a.m. (Eastern Time) by dialing 1-877-209-9920 (Passcode: SunTrust). Individuals calling from outside the United States should dial 1-612-332-1210 (Passcode:SunTrust). A replay of the call will be available approximately one hour after the call ends on January 18 , 2019 , and will remain available until February 18, 2019 , by dialing 1-800-475-6701 (domestic) or 1-320-365-3844 (international) (Passcode: 461298). Alternatively, individuals may listen to the live webcast of the presentation by visiting the SunTrustinvestor relations website at investors.suntrust.com. Beginning the afternoon of January 18 , 2019 , individuals may access an archived version of the webcast in the “Events &Presentations” section of the SunTrust investor relations website. This webcast will be archived and available for one year.

Non-GAAP Financial MeasuresThis news release includes non-GAAP financial measures to describe SunTrust’s performance. Additional information and reconciliations of those measures to GAAP measures

are provided in the appendix to this news release beginning at page 22 .In this news release, consistent with SEC Industry Guide 3, the Company presents total revenue, net interest income, net interest margin, and efficiency ratios on a fully taxable

equivalent (“FTE”) basis, and ratios on an annualized basis. The FTE basis adjusts for the tax-favored status of net interest income from certain loans and investments using a federaltax rate of 21% for all periods beginning on or after January 1, 2018 and 35% for all periods prior to January 1, 2018, as well as state income taxes, where applicable, to increase tax-exempt interest income to a taxable-equivalent basis. The Company believes this measure to be the preferred industry measurement of net interest income and it enhancescomparability of net interest

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income arising from taxable and tax-exempt sources. Total revenue-FTE equals net interest income-FTE plus noninterest income.The Company presents the following additional non-GAAP measures because many investors find them useful. Specifically:• The Company presents certain capital information on a tangible basis, including Tangible equity, Tangible common equity, the ratio of Tangible equity to tangible assets, the

ratio of Tangible common equity to tangible assets, Tangible book value per share, and the Return on tangible common shareholders’ equity, which removes the after-taximpact of purchase accounting intangible assets from shareholders' equity and removes related intangible asset amortization from Net income available to commonshareholders. The Company believes these measures are useful to investors because, by removing the amount of intangible assets that result from merger and acquisitionactivity and amortization expense (the level of which may vary from company to company), they allow investors to more easily compare the Company’s capital position andreturn on average tangible common 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 management to assess capital adequacyand profitability of the Company.

• Similarly, the Company presents Efficiency ratio-FTE, Tangible efficiency ratio-FTE, and Adjusted tangible efficiency ratio-FTE. The efficiency ratio is computed bydividing Noninterest expense by Total revenue. Efficiency ratio-FTE is computed by dividing Noninterest expense by Total revenue-FTE. Tangible efficiency ratio-FTEexcludes 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 theindustry. Adjusted tangible efficiency ratio-FTE removes the pre-tax impact of the legacy pension plan settlement charge recognized in the fourth quarter of 2018 as well asForm 8-K items announced on December 4, 2017 and the impacts of tax reform-related items recognized in the fourth quarter of 2017 from the calculation of Tangibleefficiency ratio-FTE. See slide 21 in the earnings presentation (Exhibit 99.2) as well as Appendix A in this news release for more details on these items. The Companybelieves this measure (adjusted tangible efficiency ratio-FTE) is useful to investors because it is more reflective of normalized operations as it reflects results that areprimarily client relationship and client transaction driven. This measure is utilized by management to assess the efficiency of the Company and its lines of business.

Important Cautionary Statement About Forward-Looking StatementsThis news release contains forward-looking statements. Statements regarding our ability to continue to deliver long-term value to our owners are forward-looking statements.

Also, any statement that does not describe historical or current facts is a forward-looking statement. These statements often include the words “believes,” “expects,” “anticipates,”“estimates,” “intends,” “plans,” “forecast,” “goals,” “targets,” “initiatives,” “opportunity,” “focus,” “potentially,” “probably,” “projects,” “outlook,” or similar expressions or futureconditional verbs such as “may,” “will,” “should,” “would,” and “could.” Forward-looking statements are based upon the current beliefs and expectations of management and oninformation currently available to management. Our statements speak as of the date hereof, and we do not assume any obligation to update these statements or to update the reasonswhy actual results could differ from those contained in such statements in light of new information or future events.

Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differmaterially from those set forth in the forward looking statements. Future dividends, and the amount of any such dividend, must be declared by our board of directors in theirdiscretion. Also, future share repurchases and the timing of any such repurchases are subject to market conditions and management's discretion. Additional factors that could causeactual 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 theyear ended December 31, 2017 and 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 December 31 % 3 Year Ended December 31 %

2018 2017 Change 2018 2017 Change

EARNINGS & DIVIDENDS

Net income $658 $740 (11)% $2,775 $2,273 22 %

Net income available to common shareholders 632 710 (11) 2,668 2,179 22

Total revenue 2,365 2,267 4 9,213 8,987 3

Total revenue-FTE 1 2,388 2,305 4 9,301 9,132 2

Net income per average common share:

Diluted $1.40 $1.48 (5)% $5.74 $4.47 28 %

Basic 1.41 1.50 (6) 5.79 4.53 28

Dividends declared per common share 0.50 0.40 25 1.80 1.32 36

CONDENSED BALANCE SHEETS

Selected Average Balances:

Total assets $212,934 $205,219 4 % $207,277 $204,931 1 %

Earning assets 190,742 184,306 3 186,154 184,212 1

Loans held for investment ("LHFI") 149,708 144,039 4 145,714 144,216 1

Intangible assets including residential mortgage servicing rights ("MSRs") 8,491 8,077 5 8,372 8,034 4

Residential MSRs 2,083 1,662 25 1,963 1,615 22

Consumer and commercial deposits 161,573 160,745 1 159,768 159,549 —

Total shareholders’ equity 23,873 24,806 (4) 24,210 24,301 —

Preferred stock 2,025 2,236 (9) 2,115 1,792 18

Period End Balances:

Total assets $215,543 $205,962 5 %

Earning assets 192,497 182,710 5

LHFI 151,839 143,181 6

Allowance for loan and lease losses ("ALLL") 1,615 1,735 (7)

Consumer and commercial deposits 161,544 159,795 1

Total shareholders’ equity 24,280 25,154 (3)

FINANCIAL RATIOS & OTHER DATA

Return on average total assets 1.23% 1.43 % (14)% 1.34% 1.11% 21 %

Return on average common shareholders’ equity 11.54 12.54 (8) 12.13 9.72 25

Return on average tangible common shareholders' equity 1 16.13 17.24 (6) 16.89 13.39 26

Net interest margin 3.22 3.09 4 3.22 3.06 5

Net interest margin-FTE 1 3.27 3.17 3 3.26 3.14 4

Efficiency ratio 62.66 67.03 (7) 61.58 64.14 (4)

Efficiency ratio-FTE 1 62.06 65.94 (6) 60.99 63.12 (3)

Tangible efficiency ratio-FTE 1 61.13 64.84 (6) 60.21 62.30 (3)

Adjusted tangible efficiency ratio-FTE 1 58.63 59.85 (2) 59.56 61.04 (2)

Effective tax rate 17 (11) NM 16 19 (16)


Common Equity Tier 1 ("CET1") 9.21% 9.74% (5)%

Tier 1 capital 10.30 11.15 (8)

Total capital 12.02 13.09 (8)

Leverage 9.26 9.80 (6)

Total average shareholders’ equity to total average assets 11.21% 12.09 % (7)% 11.68 11.86 (2)

Tangible equity to tangible assets 1 8.65 9.50 (9)

Tangible common equity to tangible assets 1 7.63 8.21 (7)

Book value per common share $49.57 $47.94 3

Tangible book value per common share 1 35.73 34.82 3

Market capitalization 22,541 30,417 (26)

Average common shares outstanding:

Diluted 452,957 480,359 (6) 464,961 486,954 (5)

Basic 449,404 474,300 (5) 460,922 481,339 (4)

Full-time equivalent employees 22,899 23,785 (4)

Number of ATMs 2,082 2,116 (2)

Full service banking offices 1,218 1,268 (4)

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

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

10

SunTrust Banks, Inc. and SubsidiariesFIVE QUARTER FINANCIAL HIGHLIGHTS

Three Months Ended

December 31 September 30 June 30 March 31 December 31

(Dollars in millions and shares in thousands, except per share data) (Unaudited) 2018 2018 2018 2018 2017

EARNINGS & DIVIDENDS

Net income $658 $752 $722 $643 $740

Net income available to common shareholders 632 726 697 612 710

Total revenue 2,365 2,294 2,317 2,237 2,267

Total revenue-FTE 1 2,388 2,316 2,339 2,257 2,305


Diluted $1.40 $1.56 $1.49 $1.29 $1.48

Basic 1.41 1.58 1.50 1.31 1.50

Dividends declared per common share 0.50 0.50 0.40 0.40 0.40

CONDENSED BALANCE SHEETS Selected Average Balances:

Total assets $212,934 $207,395 $204,548 $204,132 $205,219

Earning assets 190,742 186,344 184,566 182,874 184,306

LHFI 149,708 145,995 144,156 142,920 144,039

Intangible assets including residential MSRs 8,491 8,396 8,355 8,244 8,077

Residential MSRs 2,083 1,987 1,944 1,833 1,662

Consumer and commercial deposits 161,573 159,348 158,957 159,169 160,745

Total shareholders’ equity 23,873 24,275 24,095 24,605 24,806

Preferred stock 2,025 2,025 2,025 2,390 2,236

Period End Balances:

Total assets $215,543 $211,276 $207,505 $204,885 $205,962

Earning assets 192,497 188,141 185,304 182,913 182,710

LHFI 151,839 147,215 144,935 142,618 143,181

ALLL 1,615 1,623 1,650 1,694 1,735

Consumer and commercial deposits 161,544 159,332 160,410 161,357 159,795

Total shareholders’ equity 24,280 24,139 24,316 24,269 25,154

FINANCIAL RATIOS & OTHER DATA

Return on average total assets 1.23% 1.44% 1.42% 1.28% 1.43 %

Return on average common shareholders’ equity 11.54 13.01 12.73 11.23 12.54

Return on average tangible common shareholders' equity 1 16.13 18.06 17.74 15.60 17.24

Net interest margin 3.22 3.22 3.23 3.20 3.09

Net interest margin-FTE 1 3.27 3.27 3.28 3.24 3.17

Efficiency ratio 62.66 60.34 59.98 63.35 67.03

Efficiency ratio-FTE 1 62.06 59.76 59.41 62.77 65.94

Tangible efficiency ratio-FTE 1 61.13 58.94 58.69 62.11 64.84

Adjusted tangible efficiency ratio-FTE 1 58.63 58.94 58.69 62.11 59.85

Effective tax rate 17 11 19 19 (11)


CET1 9.21% 9.60% 9.72% 9.84% 9.74 %

Tier 1 capital 10.30 10.72 10.86 11.00 11.15

Total capital 12.02 12.47 12.67 12.90 13.09

Leverage 9.26 9.66 9.82 9.75 9.80

Total average shareholders’ equity to total average assets 11.21 11.71 11.78 12.05 12.09

Tangible equity to tangible assets 1 8.65 8.76 9.01 9.11 9.50

Tangible common equity to tangible assets 1 7.63 7.72 7.96 8.04 8.21

Book value per common share $49.57 $48.00 $47.70 $47.14 $47.94

Tangible book value per common share 1 35.73 34.51 34.40 33.97 34.82

Market capitalization 22,541 30,632 30,712 31,959 30,417


Diluted 452,957 464,164 469,339 473,620 480,359

Basic 449,404 460,252 465,529 468,723 474,300

Full-time equivalent employees 22,899 22,839 23,199 23,208 23,785

Number of ATMs 2,082 2,053 2,062 2,075 2,116

Full service banking offices 1,218 1,217 1,222 1,236 1,268

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

11

SunTrust Banks, Inc. and SubsidiariesCONSOLIDATED STATEMENTS OF INCOME

Three Months Ended

Increase/(Decrease) Year Ended

Increase/(Decrease)


December 31 December 31

2018 2017 Amount % 4 2018 2017 Amount % 4

Interest income $1,944 $1,640 $304 19 % $7,205 $6,387 $818 13 %

Interest expense 397 206 191 93 1,218 754 464 62

NET INTEREST INCOME 1,547 1,434 113 8 5,987 5,633 354 6

Provision for credit losses 87 79 8 10 208 409 (201) (49)

NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 1,460 1,355 105 8 5,779 5,224 555 11

NONINTEREST INCOME

Service charges on deposit accounts 146 150 (4) (3) 579 603 (24) (4)

Other charges and fees 1 92 91 1 1 356 361 (5) (1)

Card fees 83 88 (5) (6) 324 344 (20) (6)

Investment banking income 1 146 122 24 20 599 623 (24) (4)

Trading income 24 41 (17) (41) 161 189 (28) (15)

Trust and investment management income 74 80 (6) (8) 304 309 (5) (2)

Retail investment services 74 70 4 6 292 278 14 5

Commercial real estate related income 68 62 6 10 134 123 11 9

Mortgage servicing related income 2 49 43 6 14 188 191 (3) (2)

Mortgage production related income 2 36 61 (25) (41) 154 231 (77) (33)

Net securities gains/(losses) — (109) 109 100 1 (108) 109 NM

Other noninterest income 26 134 (108) (81) 134 210 (76) (36)

Total noninterest income 818 833 (15) (2) 3,226 3,354 (128) (4)

NONINTEREST EXPENSE

Employee compensation and benefits 857 803 54 7 3,308 3,257 51 2

Outside processing and software 242 214 28 13 909 826 83 10

Net occupancy expense 102 97 5 5 372 377 (5) (1)

Marketing and customer development 49 104 (55) (53) 175 232 (57) (25)

Equipment expense 42 41 1 2 166 164 2 1

Regulatory assessments 7 43 (36) (84) 126 187 (61) (33)

Amortization 22 25 (3) (12) 73 75 (2) (3)

Operating losses 39 23 16 70 79 40 39 98

Other noninterest expense 122 170 (48) (28) 465 606 (141) (23)

Total noninterest expense 1,482 1,520 (38) (3) 5,673 5,764 (91) (2)

INCOME BEFORE PROVISION/(BENEFIT) FOR INCOME TAXES 796 668 128 19 3,332 2,814 518 18

Provision/(benefit) for income taxes 136 (74) 210 NM 548 532 16 3NET INCOME INCLUDING INCOME ATTRIBUTABLE TO

NONCONTROLLING INTEREST 660 742 (82) (11) 2,784 2,282 502 22

Less: Net income attributable to noncontrolling interest 2 2 — — 9 9 — —

NET INCOME $658 $740 ($82) (11)% $2,775 $2,273 $502 22 %

NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $632 $710 ($78) (11)% $2,668 $2,179 $489 22 %

Net interest income-FTE 3 1,570 1,472 98 7 6,075 5,778 297 5

Total revenue 2,365 2,267 98 4 9,213 8,987 226 3

Total revenue-FTE 3 2,388 2,305 83 4 9,301 9,132 169 2


Diluted 1.40 1.48 (0.08) (5) 5.74 4.47 1.27 28

Basic 1.41 1.50 (0.09) (6) 5.79 4.53 1.26 28

Dividends declared per common share 0.50 0.40 0.10 25 1.80 1.32 0.48 36


Diluted 452,957 480,359 (27,402) (6) 464,961 486,954 (21,993) (5)

Basic 449,404 474,300 (24,896) (5) 460,922 481,339 (20,417) (4)

1 Beginning July 1, 2018, the Company began presenting bridge commitment fee income related to capital market transactions in Investment banking income on the Consolidated Statements of Income. For periods prior to July 1, 2018, this income waspreviously presented in Other charges and fees and has been reclassified to Investment banking income for comparability.

2 Beginning with the Company's forthcoming Annual Report on Form 10-K for the year ended December 31, 2018, the Company will begin presenting Mortgage production related income and Mortgage servicing related income as a single line item on theConsolidated Statements of Income titled Mortgage related income. Prior periods will conform with this updated presentation for comparability.

3 See Appendix A for additional information and reconcilements of non-U.S. GAAP measures to the related U.S.GAAP measures.4 “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)

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

2018 2018 Amount % 4 2018 2018 2017

Interest income $1,944 $1,834 $110 6 % $1,759 $1,668 $1,640

Interest expense 397 322 75 23 271 227 206

NET INTEREST INCOME 1,547 1,512 35 2 1,488 1,441 1,434

Provision for credit losses 87 61 26 43 32 28 79

NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 1,460 1,451 9 1 1,456 1,413 1,355

NONINTEREST INCOME

Service charges on deposit accounts 146 144 2 1 144 146 150

Other charges and fees 1 92 89 3 3 91 85 91

Card fees 83 75 8 11 85 81 88

Investment banking income 1 146 150 (4) (3) 169 133 122

Trading income 24 42 (18) (43) 53 42 41

Trust and investment management income 74 80 (6) (8) 75 75 80

Retail investment services 74 74 — — 73 72 70

Commercial real estate related income 68 24 44 NM 18 23 62

Mortgage servicing related income 2 49 43 6 14 40 54 43

Mortgage production related income 2 36 40 (4) (10) 43 36 61

Net securities gains/(losses) — — — — — 1 (109)

Other noninterest income 26 21 5 24 38 48 134

Total noninterest income 818 782 36 5 829 796 833

NONINTEREST EXPENSE

Employee compensation and benefits 857 795 62 8 802 853 803

Outside processing and software 242 234 8 3 227 206 214

Net occupancy expense 102 86 16 19 90 94 97

Marketing and customer development 49 45 4 9 40 41 104

Equipment expense 42 40 2 5 44 40 41

Regulatory assessments 7 39 (32) (82) 39 41 43

Amortization 22 19 3 16 17 15 25

Operating losses 39 18 21 NM 17 6 23

Other noninterest expense 122 108 14 13 114 121 170

Total noninterest expense 1,482 1,384 98 7 1,390 1,417 1,520

INCOME BEFORE PROVISION/(BENEFIT) FOR INCOME TAXES 796 849 (53) (6) 895 792 668

Provision/(benefit) for income taxes 136 95 41 43 171 147 (74)NET INCOME INCLUDING INCOME ATTRIBUTABLE TO NONCONTROLLING

INTEREST 660 754 (94) (12) 724 645 742

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

NET INCOME $658 $752 ($94) (13)% $722 $643 $740

NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $632 $726 ($94) (13)% $697 $612 $710

Net interest income-FTE 3 1,570 1,534 36 2 1,510 1,461 1,472

Total revenue 2,365 2,294 71 3 2,317 2,237 2,267

Total revenue-FTE 3 2,388 2,316 72 3 2,339 2,257 2,305


Diluted 1.40 1.56 (0.16) (10) 1.49 1.29 1.48

Basic 1.41 1.58 (0.17) (11) 1.50 1.31 1.50

Dividends declared per common share 0.50 0.50 — — 0.40 0.40 0.40


Diluted 452,957 464,164 (11,207) (2) 469,339 473,620 480,359

Basic 449,404 460,252 (10,848) (2) 465,529 468,723 474,300

1 Beginning July 1, 2018, the Company began presenting bridge commitment fee income related to capital market transactions in Investment banking income on the Consolidated Statements of Income. For periods prior to July 1, 2018, this income waspreviously presented in Other charges and fees and has been reclassified to Investment banking income for comparability.

2 Beginning with the Company's forthcoming Annual Report on Form 10-K for the year ended December 31, 2018, the Company will begin presenting Mortgage production related income and Mortgage servicing related income as a single line item on theConsolidated Statements of Income titled Mortgage related income. Prior periods will conform with this updated presentation for comparability.

3 See Appendix A for additional information and reconcilements of non-U.S. GAAP measures to the related U.S.GAAP measures.4 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

13

SunTrust Banks, Inc. and SubsidiariesCONSOLIDATED BALANCE SHEETS

December 31 Increase/(Decrease)

(Dollars in millions and shares in thousands, except per share data) (Unaudited) 2018 2017 Amount % 3

ASSETS

Cash and due from banks $5,791 $5,349 $442 8 %

Federal funds sold and securities borrowed or purchased under agreements to resell 1,679 1,538 141 9

Interest-bearing deposits in other banks 25 25 — —

Trading assets and derivative instruments 5,506 5,093 413 8

Securities available for sale 1 31,442 30,947 495 2

Loans held for sale ("LHFS") 1,468 2,290 (822) (36)

Loans held for investment ("LHFI"):

Commercial and industrial ("C&I") 71,137 66,356 4,781 7

Commercial real estate ("CRE") 7,265 5,317 1,948 37

Commercial construction 2,538 3,804 (1,266) (33)

Residential mortgages - guaranteed 459 560 (101) (18)

Residential mortgages - nonguaranteed 28,836 27,136 1,700 6

Residential home equity products 9,468 10,626 (1,158) (11)

Residential construction 184 298 (114) (38)

Consumer student - guaranteed 7,229 6,633 596 9

Consumer other direct 10,615 8,729 1,886 22

Consumer indirect 12,419 12,140 279 2

Consumer credit cards 1,689 1,582 107 7

Total LHFI 151,839 143,181 8,658 6

Allowance for loan and lease losses ("ALLL") (1,615) (1,735) (120) (7)

Net LHFI 150,224 141,446 8,778 6

Goodwill 6,331 6,331 — —

Residential MSRs 1,983 1,710 273 16

Other assets 1 11,094 11,233 (139) (1)

Total assets 2 $215,543 $205,962 $9,581 5 %

LIABILITIES

Deposits:

Noninterest-bearing consumer and commercial deposits $40,770 $42,784 ($2,014) (5)%

Interest-bearing consumer and commercial deposits:

NOW accounts 49,031 47,379 1,652 3

Money market accounts 49,868 51,088 (1,220) (2)

Savings 6,520 6,468 52 1

Consumer time 6,583 5,839 744 13

Other time 8,772 6,237 2,535 41

Total consumer and commercial deposits 161,544 159,795 1,749 1

Brokered time deposits 1,045 985 60 6

Total deposits 162,589 160,780 1,809 1

Funds purchased 2,141 2,561 (420) (16)

Securities sold under agreements to repurchase 1,774 1,503 271 18

Other short-term borrowings 4,857 717 4,140 NM

Long-term debt 15,072 9,785 5,287 54

Trading liabilities and derivative instruments 1,604 1,283 321 25

Other liabilities 3,226 4,179 (953) (23)

Total liabilities 191,263 180,808 10,455 6

SHAREHOLDERS' EQUITY

Preferred stock, no par value 2,025 2,475 (450) (18)

Common stock, $1.00 par value 553 550 3 1

Additional paid-in capital 9,022 9,000 22 —

Retained earnings 19,522 17,540 1,982 11

Treasury stock, at cost, and other (5,422) (3,591) 1,831 51

Accumulated other comprehensive loss, net of tax (1,420) (820) 600 73

Total shareholders' equity 24,280 25,154 (874) (3)

Total liabilities and shareholders' equity $215,543 $205,962 $9,581 5 %

Common shares outstanding 446,888 470,931 (24,043) (5)%

Common shares authorized 750,000 750,000 — —

Preferred shares outstanding 20 25 (5) (20)

Preferred shares authorized 50,000 50,000 — —

Treasury shares of common stock 105,896 79,133 26,763 341 Beginning January 1, 2018, the Company reclassified equity securities previously presented in Securities available for sale to Other assets on the Consolidated Balance Sheets. Prior periods have been revised to conform to the current presentation forcomparability.

2 Includes earning assets of $192,497 and $182,710 at December 31 , 2018 and 2017 , respectively.3 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

14

SunTrust Banks, Inc. and SubsidiariesFIVE QUARTER CONSOLIDATED BALANCE SHEETS


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

2018 2018 Amount % 2018 2018 2017

ASSETS

Cash and due from banks $5,791 $6,206 ($415) (7)% $5,858 $5,851 $5,349

Federal funds sold and securities borrowed or purchased under agreements to resell 1,679 1,374 305 22 1,365 1,428 1,538

Interest-bearing deposits in other banks 25 25 — — 25 25 25

Trading assets and derivative instruments 5,506 5,676 (170) (3) 5,050 5,112 5,093

Securities available for sale 1 31,442 30,984 458 1 30,942 30,934 30,947

LHFS 1,468 1,961 (493) (25) 2,283 2,377 2,290

LHFI:

C&I 71,137 68,203 2,934 4 67,343 66,321 66,356

CRE 7,265 6,618 647 10 6,302 5,352 5,317

Commercial construction 2,538 3,137 (599) (19) 3,456 3,651 3,804

Residential mortgages - guaranteed 459 452 7 2 525 611 560

Residential mortgages - nonguaranteed 28,836 28,187 649 2 27,556 27,165 27,136

Residential home equity products 9,468 9,669 (201) (2) 9,918 10,241 10,626

Residential construction 184 197 (13) (7) 217 256 298

Consumer student - guaranteed 7,229 7,039 190 3 6,892 6,693 6,633

Consumer other direct 10,615 10,100 515 5 9,448 8,941 8,729

Consumer indirect 12,419 12,010 409 3 11,712 11,869 12,140

Consumer credit cards 1,689 1,603 86 5 1,566 1,518 1,582

Total LHFI 151,839 147,215 4,624 3 144,935 142,618 143,181

ALLL (1,615) (1,623) (8) — (1,650) (1,694) (1,735)

Net LHFI 150,224 145,592 4,632 3 143,285 140,924 141,446

Goodwill 6,331 6,331 — — 6,331 6,331 6,331

Residential MSRs 1,983 2,062 (79) (4) 1,959 1,916 1,710

Other assets 1 11,094 11,065 29 — 10,407 9,987 11,233

Total assets 2 $215,543 $211,276 $4,267 2 % $207,505 $204,885 $205,962

LIABILITIES

Deposits:

Noninterest-bearing consumer and commercial deposits $40,770 $41,870 ($1,100) (3)% $44,755 $43,494 $42,784

Interest-bearing consumer and commercial deposits:

NOW accounts 49,031 45,745 3,286 7 45,430 46,672 47,379

Money market accounts 49,868 49,960 (92) — 49,176 50,627 51,088

Savings 6,520 6,591 (71) (1) 6,757 6,849 6,468

Consumer time 6,583 6,499 84 1 6,316 6,205 5,839

Other time 8,772 8,667 105 1 7,976 7,510 6,237

Total consumer and commercial deposits 161,544 159,332 2,212 1 160,410 161,357 159,795

Brokered time deposits 1,045 1,046 (1) — 1,038 1,022 985

Total deposits 162,589 160,378 2,211 1 161,448 162,379 160,780

Funds purchased 2,141 3,354 (1,213) (36) 1,251 1,189 2,561

Securities sold under agreements to repurchase 1,774 1,730 44 3 1,567 1,677 1,503

Other short-term borrowings 4,857 2,856 2,001 70 2,470 706 717

Long-term debt 15,072 14,289 783 5 11,995 10,692 9,785

Trading liabilities and derivative instruments 1,604 1,863 (259) (14) 1,958 1,737 1,283

Other liabilities 3,226 2,667 559 21 2,500 2,236 4,179

Total liabilities 191,263 187,137 4,126 2 183,189 180,616 180,808

SHAREHOLDERS’ EQUITY

Preferred stock, no par value 2,025 2,025 — — 2,025 2,025 2,475

Common stock, $1.00 par value 553 553 — — 552 552 550

Additional paid-in capital 9,022 9,001 21 — 8,980 8,960 9,000

Retained earnings 19,522 19,111 411 2 18,616 18,107 17,540

Treasury stock, at cost, and other (5,422) (4,677) 745 16 (4,178) (3,853) (3,591)

Accumulated other comprehensive loss, net of tax (1,420) (1,874) (454) (24) (1,679) (1,522) (820)

Total shareholders’ equity 24,280 24,139 141 1 24,316 24,269 25,154

Total liabilities and shareholders’ equity $215,543 $211,276 $4,267 2 % $207,505 $204,885 $205,962

Common shares outstanding 446,888 458,626 (11,738) (3)% 465,199 469,708 470,931

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

Preferred shares outstanding 20 20 — — 20 20 25

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

Treasury shares of common stock 105,896 94,038 11,858 13 87,071 82,223 79,1331 Beginning January 1, 2018, the Company reclassified equity securities previously presented in Securities available for sale to Other assets on the Consolidated Balance Sheets. Prior periods have been revised to conform to the current presentation forcomparability.

2 Includes earning assets of $192,497 , $188,141 , $185,304 , $182,913 , and $182,710 at December 31 , 2018 , September 30 , 2018 , June 30 , 2018 , March 31 , 2018 , and December 31 , 2017 , respectively.

15

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

Three Months Ended Increase/(Decrease) From

December 31, 2018 September 30, 2018 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") $69,446 $695 3.97% $67,632 $659 3.87% $1,814 0.10 $2,208 0.58

Commercial real estate ("CRE") 7,030 77 4.33 6,418 68 4.19 612 0.14 1,821 0.76

Commercial construction 2,964 38 5.10 3,300 40 4.76 (336) 0.34 (983) 1.18

Residential mortgages - guaranteed 476 4 3.04 502 3 2.76 (26) 0.28 (70) 0.92

Residential mortgages - nonguaranteed 28,268 278 3.93 27,584 268 3.89 684 0.04 1,410 0.15

Residential home equity products 9,421 122 5.14 9,632 121 4.97 (211) 0.17 (1,110) 0.77

Residential construction 180 1 3.34 193 2 4.75 (13) (1.41) (123) (0.81)

Consumer student - guaranteed 7,114 93 5.18 6,912 88 5.05 202 0.13 538 0.58

Consumer other direct 10,363 150 5.76 9,726 135 5.49 637 0.27 1,712 0.82

Consumer indirect 12,165 125 4.08 11,770 114 3.86 395 0.22 166 0.55

Consumer credit cards 1,625 48 11.78 1,573 46 11.71 52 0.07 121 1.38

Nonaccrual 656 4 2.32 753 5 2.70 (97) (0.38) (21) (2.80)

Total LHFI 149,708 1,635 4.33 145,995 1,549 4.21 3,713 0.12 5,669 0.54

Securities available for sale: 2

Taxable 31,197 216 2.77 30,927 207 2.68 270 0.09 888 0.23

Tax-exempt 612 5 2.99 625 5 2.99 (13) — 23 0.02

Total securities available for sale 31,809 221 2.78 31,552 212 2.69 257 0.09 911 0.25

Federal funds sold and securities borrowed or purchased under agreements to resell 1,514 8 2.12 1,426 7 1.79 88 0.33 316 1.25

Loans held for sale ("LHFS") 2,037 34 6.60 2,022 22 4.40 15 2.20 (585) 2.07

Interest-bearing deposits in other banks 25 — 1.38 25 — 3.90 — (2.52) — (0.24)

Interest earning trading assets 5,064 41 3.25 4,789 39 3.18 275 0.07 68 0.72

Other earning assets 2 585 5 3.47 535 5 3.79 50 (0.32) 57 (0.05)

Total earning assets 190,742 1,944 4.04 186,344 1,834 3.90 4,398 0.14 6,436 0.51

Allowance for loan and lease losses ("ALLL") (1,633) (1,665) (32) (135)

Cash and due from banks 5,256 4,575 681 238

Other assets 18,953 18,192 761 2,159

Noninterest earning trading assets and derivative instruments 627 668 (41) (231)

Unrealized (losses)/gains on securities available for sale, net (1,011) (719) (292) (1,022)

Total assets $212,934 $207,395 $5,539 $7,715

LIABILITIES AND SHAREHOLDERS’ EQUITY

Interest-bearing deposits:

NOW accounts $47,400 $79 0.66% $45,345 $65 0.57% $2,055 0.09 $1,162 0.30

Money market accounts 49,863 87 0.69 49,926 73 0.58 (63) 0.11 (2,162) 0.36

Savings 6,538 — 0.02 6,658 — 0.02 (120) — 51 —

Consumer time 6,546 19 1.15 6,413 17 1.03 133 0.12 761 0.33

Other time 8,892 39 1.73 8,357 33 1.55 535 0.18 2,802 0.54

Total interest-bearing consumer and commercial deposits 119,239 224 0.74 116,699 188 0.64 2,540 0.10 2,614 0.35

Brokered time deposits 1,044 4 1.54 1,041 4 1.54 3 — 73 0.22

Foreign deposits 15 — 2.44 172 1 1.94 (157) 0.50 15 2.44

Total interest-bearing deposits 120,298 228 0.75 117,912 193 0.65 2,386 0.10 2,702 0.35

Funds purchased 2,165 12 2.21 1,352 7 1.94 813 0.27 1,022 1.04

Securities sold under agreements to repurchase 1,861 10 2.07 1,638 8 1.85 223 0.22 378 0.93

Interest-bearing trading liabilities 1,421 12 3.27 1,233 10 3.33 188 (0.06) 452 0.54

Other short-term borrowings 2,701 12 1.82 2,259 9 1.57 442 0.25 1,886 1.60

Long-term debt 14,898 123 3.29 12,922 95 2.92 1,976 0.37 3,917 0.69

Total interest-bearing liabilities 143,344 397 1.10 137,316 322 0.93 6,028 0.17 10,357 0.49

Noninterest-bearing deposits 42,334 42,649 (315) (1,786)

Other liabilities 2,693 2,465 228 (167)

Noninterest-bearing trading liabilities and derivative instruments 690 690 — 244

Shareholders’ equity 23,873 24,275 (402) (933)

Total liabilities and shareholders’ equity $212,934 $207,395 $5,539 $7,715

Interest Rate Spread 2.94% 2.97% (0.03) 0.02

Net Interest Income $1,547 $1,512

Net Interest Income-FTE 3 $1,570 $1,534

Net Interest Margin 4 3.22% 3.22% — 0.13

Net Interest Margin-FTE 3, 4 3.27 3.27 — 0.10

1 Interest income includes loan fees of $45 million and $43 million for the three months ended December 31, 2018 and September 30, 2018 , respectively.2 Beginning January 1, 2018, the Company began presenting equity securities previously presented in securities available for sale as other earning assets. Prior periods have been revised to conform to the current presentation for comparability. 3 See Appendix A for additional information and reconcilements of non-U.S. GAAP performance measures. Approximately 95% of the total FTE adjustment for both the three months ended December 31, 2018 and September 30, 2018 was attributed toC&I loans.

4 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

June 30, 2018 March 31, 2018 December 31, 2017

(Dollars in millions) (Unaudited)AverageBalances


Yields/Rates

AverageBalances


Yields/Rates

Average Balances

InterestIncome/ Expense

Yields/ Rates

ASSETS

LHFI: 1

C&I $67,211 $633 3.78% $66,269 $588 3.60% $67,238 $575 3.39%

CRE 5,729 58 4.06 5,201 49 3.84 5,209 47 3.57

Commercial construction 3,559 40 4.58 3,749 40 4.27 3,947 39 3.92

Residential mortgages - guaranteed 588 5 3.33 637 5 3.12 546 3 2.12

Residential mortgages - nonguaranteed 27,022 258 3.81 26,863 254 3.79 26,858 254 3.78

Residential home equity products 9,918 119 4.81 10,243 116 4.60 10,531 116 4.37

Residential construction 216 3 5.26 261 3 4.47 303 3 4.15

Consumer student - guaranteed 6,763 83 4.92 6,655 78 4.76 6,576 76 4.60

Consumer other direct 9,169 120 5.26 8,804 110 5.08 8,651 108 4.94

Consumer indirect 11,733 108 3.68 12,001 108 3.63 11,999 107 3.53

Consumer credit cards 1,524 43 11.45 1,526 43 11.26 1,504 39 10.40

Nonaccrual 724 6 3.35 711 4 2.25 677 9 5.12

Total LHFI 144,156 1,476 4.11 142,920 1,398 3.97 144,039 1,376 3.79


Taxable 30,959 205 2.65 30,849 201 2.61 30,309 192 2.54

Tax-exempt 637 5 2.99 628 5 2.98 589 4 2.97

Total securities available for sale 31,596 210 2.66 31,477 206 2.62 30,898 196 2.53

Federal funds sold and securities borrowed or purchased under agreements to resell 1,471 6 1.58 1,334 4 1.18 1,198 2 0.87

LHFS 2,117 24 4.54 2,025 21 4.12 2,622 30 4.53

Interest-bearing deposits in other banks 25 — 2.32 25 — 1.85 25 — 1.62

Interest earning trading assets 4,677 38 3.23 4,564 34 3.05 4,996 32 2.53

Other earning assets 2 524 5 3.97 529 5 3.50 528 4 3.52

Total earning assets 184,566 1,759 3.82 182,874 1,668 3.70 184,306 1,640 3.53

ALLL (1,682) (1,726) (1,768)

Cash and due from banks 4,223 5,329 5,018

Other assets 17,573 17,256 16,794

Noninterest earning trading assets and derivative instruments 512 772 858

Unrealized (losses)/gains on securities available for sale, net (644) (373) 11

Total assets $204,548 $204,132 $205,219



NOW accounts $45,344 $52 0.46% $46,590 $45 0.39% $46,238 $42 0.36%

Money market accounts 49,845 60 0.49 50,543 48 0.39 52,025 43 0.33

Savings 6,805 1 0.03 6,587 — 0.02 6,487 — 0.02

Consumer time 6,280 15 0.95 6,085 13 0.87 5,785 12 0.82

Other time 7,643 27 1.41 7,026 22 1.25 6,090 18 1.19

Total interest-bearing consumer and commercial deposits 115,917 155 0.54 116,831 128 0.44 116,625 115 0.39

Brokered time deposits 1,029 4 1.46 1,006 3 1.35 971 4 1.32

Foreign deposits 139 — 1.90 51 — 1.42 — — —

Total interest-bearing deposits 117,085 159 0.55 117,888 131 0.45 117,596 119 0.40

Funds purchased 1,102 5 1.73 876 3 1.45 1,143 3 1.17

Securities sold under agreements to repurchase 1,656 7 1.71 1,595 5 1.39 1,483 4 1.14

Interest-bearing trading liabilities 1,314 10 3.12 1,110 8 2.84 969 7 2.73

Other short-term borrowings 1,807 7 1.54 2,084 6 1.11 815 1 0.22

Long-term debt 11,452 83 2.92 10,506 74 2.84 10,981 72 2.60

Total interest-bearing liabilities 134,416 271 0.81 134,059 227 0.69 132,987 206 0.61

Noninterest-bearing deposits 43,040 42,338 44,120

Other liabilities 2,309 2,499 2,860

Noninterest-bearing trading liabilities and derivative instruments 688 631 446

Shareholders’ equity 24,095 24,605 24,806

Total liabilities and shareholders’ equity $204,548 $204,132 $205,219

Interest Rate Spread 3.01% 3.01% 2.92%

Net Interest Income $1,488 $1,441 $1,434

Net Interest Income-FTE 3 $1,510 $1,461 $1,472

Net Interest Margin 4 3.23% 3.20% 3.09%

Net Interest Margin-FTE 3, 4 3.28 3.24 3.17

1 Interest income includes loan fees of $39 million , $39 million , and $42 million for the three months ended June 30, 2018 , March 31, 2018 , and December 31, 2017 , respectively.2 Beginning January 1, 2018, the Company began presenting equity securities previously presented in securities available for sale as other earning assets. Prior periods have been revised to conform to the current presentation for comparability.3 See Appendix A for additional information and reconcilements of non-U.S. GAAP performance measures. Approximately 95% of the total FTE adjustment for the three months ended June 30, 2018 , March 31, 2018 , and December 31, 2017 wasattributed to C&I loans.

4 Net interest margin is calculated by dividing annualized Net interest income by average Total earning assets.

17

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

Year Ended

December 31, 2018 December 31, 2017 (Decrease)/Increase

(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 $67,648 $2,575 3.81% $68,423 $2,286 3.34% ($775) 0.47

CRE 6,100 252 4.13 5,158 177 3.43 942 0.70

Commercial construction 3,391 158 4.65 4,011 148 3.70 (620) 0.95

Residential mortgages - guaranteed 550 17 3.08 539 16 2.92 11 0.16

Residential mortgages - nonguaranteed 27,439 1,058 3.86 26,392 1,003 3.80 1,047 0.06

Residential home equity products 9,801 478 4.87 10,969 470 4.28 (1,168) 0.59

Residential construction 212 10 4.49 346 15 4.26 (134) 0.23

Consumer student - guaranteed 6,862 342 4.98 6,464 286 4.42 398 0.56

Consumer other direct 9,521 515 5.41 8,239 406 4.93 1,282 0.48

Consumer indirect 11,917 454 3.81 11,492 401 3.49 425 0.32

Consumer credit cards 1,562 180 11.55 1,429 145 10.12 133 1.43

Nonaccrual 711 19 2.67 754 32 4.28 (43) (1.61)

Total LHFI 145,714 6,058 4.16 144,216 5,385 3.73 1,498 0.43


Taxable 30,984 830 2.68 30,106 743 2.47 878 0.21

Tax-exempt 625 19 2.99 433 13 2.99 192 —

Total securities available for sale 31,609 849 2.69 30,539 756 2.47 1,070 0.22Federal funds sold and securities borrowed or purchased under

agreements to resell 1,437 25 1.68 1,215 9 0.69 222 0.99

LHFS 2,050 101 4.91 2,483 99 4.00 (433) 0.91

Interest-bearing deposits in other banks 25 — 2.36 25 — 1.20 — 1.16

Interest earning trading assets 4,775 152 3.18 5,152 120 2.33 (377) 0.85

Other earning assets 2 544 20 3.68 582 18 3.12 (38) 0.56

Total earning assets 186,154 7,205 3.87 184,212 6,387 3.47 1,942 0.40

ALLL (1,676) (1,735) (59)

Cash and due from banks 4,845 5,123 (278)

Other assets 17,999 16,376 1,623

Noninterest earning trading assets and derivative instruments 644 903 (259)

Unrealized (losses)/gains on securities available for sale, net (689) 52 (741)

Total assets $207,277 $204,931 $2,346



NOW accounts $46,170 $241 0.52% $45,009 $131 0.29% $1,161 0.23

Money market accounts 50,042 268 0.54 53,592 157 0.29 (3,550) 0.25

Savings 6,647 1 0.02 6,519 1 0.02 128 —

Consumer time 6,332 64 1.00 5,626 42 0.75 706 0.25

Other time 7,986 120 1.50 5,148 57 1.10 2,838 0.40

Total interest-bearing consumer and commercial deposits 117,177 694 0.59 115,894 388 0.34 1,283 0.25

Brokered time deposits 1,031 15 1.47 941 12 1.29 90 0.18

Foreign deposits 94 2 1.88 421 4 0.86 (327) 1.02

Total interest-bearing deposits 118,302 711 0.60 117,256 404 0.34 1,046 0.26

Funds purchased 1,377 27 1.93 1,217 13 1.02 160 0.91

Securities sold under agreements to repurchase 1,688 31 1.77 1,558 15 0.92 130 0.85

Interest-bearing trading liabilities 1,270 40 3.16 968 26 2.70 302 0.46

Other short-term borrowings 2,214 34 1.53 1,591 8 0.50 623 1.03

Long-term debt 12,458 375 3.01 11,065 288 2.60 1,393 0.41

Total interest-bearing liabilities 137,309 1,218 0.89 133,655 754 0.56 3,654 0.33

Noninterest-bearing deposits 42,591 43,655 (1,064)

Other liabilities 2,492 2,936 (444)

Noninterest-bearing trading liabilities and derivative instruments 675 384 291

Shareholders’ equity 24,210 24,301 (91)

Total liabilities and shareholders’ equity $207,277 $204,931 $2,346

Interest Rate Spread 2.98% 2.91% 0.07

Net Interest Income $5,987 $5,633

Net Interest Income-FTE 3 $6,075 $5,778

Net Interest Margin 4 3.22% 3.06% 0.16

Net Interest Margin-FTE 3, 4 3.26 3.14 0.12

1 Interest income includes loan fees of $166 million and $177 million for the year ended December 31 , 2018 and 2017 , respectively.2 Beginning January 1, 2018, the Company began presenting equity securities previously presented in securities available for sale as other earning assets. Prior periods have been revised to conform to the current presentation for comparability. 3 See Appendix A for additional information and reconcilements of non-U.S. GAAP performance measures. Approximately 95% of the total FTE adjustment for both the year ended December 31 , 2018 and 2017 was attributed to C&I loans.4 Net interest margin is calculated by dividing Net interest income by average Total earning assets.

18

SunTrust Banks, Inc. and SubsidiariesOTHER FINANCIAL DATA

Three Months Ended Year Ended

December 31 (Decrease)/Increase December 31 Increase/(Decrease)

(Dollars in millions) (Unaudited) 2018 2017 Amount % 4 2018 2017 Amount % 4

CREDIT DATA

Allowance for credit losses, beginning of period $1,695 $1,845 ($150) (8)% $1,814 $1,776 $38 2 %

(Benefit)/provision for unfunded commitments (3) 6 (9) NM (10) 12 (22) NM

Provision for loan losses:

Commercial 49 19 30 NM 86 108 (22) (20)

Consumer 40 55 (15) (27) 132 289 (157) (54)

Total provision for loan losses 89 74 15 20 218 397 (179) (45)

Charge-offs:

Commercial (35) (44) (9) (20) (131) (167) (36) (22)

Consumer (88) (90) (2) (2) (322) (324) (2) (1)

Total charge-offs (123) (134) (11) (8) (453) (491) (38) (8)

Recoveries:

Commercial 4 7 (3) (43) 24 40 (16) (40)

Consumer 22 20 2 10 91 84 7 8

Total recoveries 26 27 (1) (4) 115 124 (9) (7)

Net charge-offs (97) (107) (10) (9) (338) (367) (29) (8)

Other — (4) (4) (100) — (4) (4) (100)

Allowance for credit losses, end of period $1,684 $1,814 ($130) (7)% $1,684 $1,814 ($130) (7)%

Components:

Allowance for loan and lease losses ("ALLL") $1,615 $1,735 ($120) (7)%

Unfunded commitments reserve 69 79 (10) (13)

Allowance for credit losses $1,684 $1,814 ($130) (7)%

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

Commercial 0.15% 0.19% (0.04) (21)% 0.14% 0.16% (0.02) (13)%

Consumer 0.37 0.41 (0.04) (10) 0.34 0.36 (0.02) (6)

Total net charge-offs to total average LHFI 0.26 0.29 (0.03) (10) 0.23 0.25 (0.02) (8)

Period Ended

Nonaccrual/nonperforming loans ("NPLs"):

Commercial $159 $240 ($81) (34)%

Consumer 367 434 (67) (15)

Total nonaccrual/NPLs 526 674 (148) (22)

Other real estate owned (“OREO”) 54 57 (3) (5)

Other repossessed assets 9 10 (1) (10)

Total nonperforming assets ("NPAs") $589 $741 ($152) (21)%

Accruing restructured loans $2,339 $2,468 ($129) (5)%

Nonaccruing restructured loans 1 291 286 5 2

Accruing LHFI past due > 90 days (guaranteed) 1,603 1,374 229 17

Accruing LHFI past due > 90 days (non-guaranteed) 49 31 18 58

Accruing LHFS past due > 90 days 1 2 (1) (50)

NPLs to period-end LHFI 0.35% 0.47% (0.12) (26)%

NPAs to period-end LHFI plus OREO and other repossessed assets 0.39 0.52 (0.13) (25)

ALLL to period-end LHFI 2, 3 1.06 1.21 (0.15) (12)

ALLL to NPLs 2, 3 3.10x 2.59x 0.51x 20

1 Nonaccruing restructured loans are included in total nonaccrual/NPLs.2 This ratio is computed using the ALLL.3 Loans measured at fair value were excluded from the calculation as no allowance is recorded for loans measured at fair value. The Company believes that this presentation more appropriately reflects the relationship between the ALLL and loans thatattract an allowance.

4 "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

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

(Dollars in millions) (Unaudited) 2018 2018 Amount % 4 2018 2018 2017

CREDIT DATA

Allowance for credit losses, beginning of period $1,695 $1,722 ($27) (2)% $1,763 $1,814 $1,845

(Benefit)/provision for unfunded commitments (3) — (3) NM 3 (10) 6

Provision/(benefit) for loan losses:

Commercial 49 36 13 36 17 (16) 19

Consumer 40 25 15 60 12 54 55

Total provision for loan losses 89 61 28 46 29 38 74

Charge-offs:

Commercial (35) (51) (16) (31) (21) (23) (44)

Consumer (88) (71) 17 24 (80) (83) (90)

Total charge-offs (123) (122) 1 1 (101) (106) (134)

Recoveries:

Commercial 4 9 (5) (56) 4 6 7

Consumer 22 25 (3) (12) 24 21 20

Total recoveries 26 34 (8) (24) 28 27 27

Net charge-offs (97) (88) 9 10 (73) (79) (107)

Other — — — — — — (4)

Allowance for credit losses, end of period $1,684 $1,695 ($11) (1)% $1,722 $1,763 $1,814

Components:

ALLL $1,615 $1,623 ($8) — % $1,650 $1,694 $1,735

Unfunded commitments reserve 69 72 (3) (4) 72 69 79

Allowance for credit losses $1,684 $1,695 ($11) (1)% $1,722 $1,763 $1,814

Net charge-offs to average LHFI (annualized):

Commercial 0.15% 0.22% (0.07) (32) 0.09% 0.09% 0.19%

Consumer 0.37 0.27 0.10 37 0.34 0.37 0.41

Total net charge-offs to total average LHFI 0.26 0.24 0.02 8 0.20 0.22 0.29

Period Ended

Nonaccrual/NPLs:

Commercial $159 $299 ($140) (47)% $341 $262 $240

Consumer 367 396 (29) (7) 414 450 434

Total nonaccrual/NPLs 526 695 (169) (24) 755 712 674

OREO 54 52 2 4 53 59 57

Other repossessed assets 9 7 2 29 6 7 10

Total NPAs $589 $754 ($165) (22)% $814 $778 $741

Accruing restructured loans $2,339 $2,327 $12 1 % $2,418 $2,476 $2,468

Nonaccruing restructured loans 1 291 345 (54) (16) 326 279 286

Accruing LHFI past due > 90 days (guaranteed) 1,603 1,440 163 11 1,201 1,312 1,374

Accruing LHFI past due > 90 days (non-guaranteed) 49 42 7 17 41 36 31

Accruing LHFS past due > 90 days 1 2 (1) (50) 1 3 2

NPLs to period-end LHFI 0.35% 0.47% (0.12) (26)% 0.52% 0.50% 0.47%

NPAs to period-end LHFI plus OREO and other repossessed assets 0.39 0.51 (0.12) (24) 0.56 0.55 0.52

ALLL to period-end LHFI 2, 3 1.06 1.10 (0.04) (4) 1.14 1.19 1.21

ALLL to NPLs 2, 3 3.10x 2.35x 0.75x 32 2.20x 2.40x 2.59x

1 Nonaccruing restructured loans are included in total nonaccrual/NPLs.2 This ratio is computed using the ALLL.3 Loans measured at fair value were excluded from the calculation as no allowance is recorded for loans measured at fair value. The Company believes that this presentation more appropriately reflects the relationship between the ALLL and loans thatattract an allowance.

4 "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 December 31 Year Ended December 31

(Dollars in millions) (Unaudited)Residential MSRs -

Fair Value

Commercial MortgageServicing Rights and

Other TotalResidential MSRs -

Fair Value

Commercial MortgageServicing Rights and

Other Total

OTHER INTANGIBLE ASSETS ROLLFORWARD

Balance, beginning of period $1,628 $78 $1,706 $1,572 $85 $1,657Amortization — (3) (3) — (20) (20)Servicing rights originated 142 6 148 394 17 411Fair value changes due to inputs and assumptions 1 5 — 5 (22) — (22)Other changes in fair value 2 (58) — (58) (226) — (226)Servicing rights sold (7) — (7) (8) — (8)

Other 3 — — — — (1) (1)

Balance, December 31, 2017 $1,710 $81 $1,791 $1,710 $81 $1,791

Balance, beginning of period $2,062 $78 $2,140 $1,710 $81 $1,791Amortization — (5) (5) — (18) (18)Servicing rights originated 87 6 93 336 16 352

Servicing rights purchased — — — 89 — 89Fair value changes due to inputs and assumptions 1 (108) — (108) 90 — 90Other changes in fair value 2 (57) — (57) (239) — (239)Servicing rights sold (1) — (1) (3) — (3)

Balance, December 31, 2018 $1,983 $79 $2,062 $1,983 $79 $2,062

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) 2018 2018 2018 2018 2017

COMMON SHARES OUTSTANDING ROLLFORWARD

Balance, beginning of period 458,626 465,199 469,708 470,931 476,001

Common shares issued 165 471 402 3,615 244

Repurchases of common stock (11,903) (7,044) (4,911) (4,838) (5,314)

Balance, end of period 446,888 458,626 465,199 469,708 470,931

21

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

Three Months Ended Year Ended

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

(Dollars in millions) (Unaudited) 2018 2018 2018 2018 2017 2018 2017

Net interest income $1,547 $1,512 $1,488 $1,441 $1,434 $5,987 $5,633

Fully taxable-equivalent ("FTE") adjustment 23 22 22 20 38 88 145

Net interest income-FTE 2 1,570 1,534 1,510 1,461 1,472 6,075 5,778

Noninterest income 818 782 829 796 833 3,226 3,354

Total revenue-FTE 2 $2,388 $2,316 $2,339 $2,257 $2,305 $9,301 $9,132

Return on average common shareholders’ equity 11.54 % 13.01 % 12.73 % 11.23 % 12.54 % 12.13 % 9.72 %Impact of removing average intangible assets and related pre-tax amortization,

other than residential MSRs and other servicing rights 4.59 5.05 5.01 4.37 4.70 4.76 3.67

Return on average tangible common shareholders' equity 3 16.13% 18.06% 17.74% 15.60% 17.24% 16.89% 13.39%

Net interest margin 3.22 % 3.22 % 3.23 % 3.20 % 3.09 % 3.22 % 3.06 %

Impact of FTE adjustment 0.05 0.05 0.05 0.04 0.08 0.04 0.08

Net interest margin-FTE 2 3.27 % 3.27 % 3.28 % 3.24 % 3.17 % 3.26 % 3.14 %

Noninterest expense $1,482 $1,384 $1,390 $1,417 $1,520 $5,673 $5,764Total revenue 2,365 2,294 2,317 2,237 2,267 9,213 8,987Efficiency ratio 4 62.66% 60.34% 59.98% 63.35% 67.03% 61.58% 64.14%

Impact of FTE adjustment (0.60) (0.58) (0.57) (0.58) (1.09) (0.59) (1.02)

Efficiency ratio-FTE 2, 4 62.06 59.76 59.41 62.77 65.94 60.99 63.12Impact of excluding amortization related to intangible assets and certain tax

credits (0.93) (0.82) (0.72) (0.66) (1.10) (0.78) (0.82)

Tangible efficiency ratio-FTE 2, 5 61.13 58.94 58.69 62.11 64.84 60.21 62.30Impact of excluding legacy pension plan settlement charge as well as Form 8-K

and other tax reform-related items (2.50) — — — (4.99) (0.65) (1.26)

Adjusted tangible efficiency ratio-FTE 2, 5, 6 58.63% 58.94% 58.69% 62.11% 59.85% 59.56% 61.04%

1 Certain amounts in this schedule are presented net of applicable income taxes, calculated based on each subsidiary’s federal and state tax rates and are adjusted for any permanent differences.2 The Company presents Net interest income-FTE, Total revenue-FTE, Net interest margin-FTE, Efficiency ratio-FTE, Tangible efficiency ratio-FTE, and Adjusted tangible efficiency ratio-FTE on a fully taxable-equivalent (“FTE”) basis. The FTE basisadjusts for the tax-favored status of Net interest income from certain loans and investments using a federal tax rate of 21% for all periods beginning on or after January 1, 2018 and 35% for all periods prior to January 1, 2018, as well as state income taxeswhere 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 fromtaxable and tax-exempt sources. Total revenue-FTE equals Net interest income-FTE plus Noninterest income.

3 The Company presents Return on average tangible common shareholders' equity, which removes the after-tax impact of purchase accounting intangible assets from average common shareholders' equity and removes related intangible asset amortizationfrom Net income available to common shareholders. The Company believes this measure is useful to investors because, by removing the amount of intangible assets and related pre-tax amortization expense (the level of which may vary from company tocompany), it allows investors to more easily compare the Company’s return on average common shareholders' equity to other companies in the industry. The Company also believes that removing these items provides a more relevant measure of thereturn on the Company's common shareholders' equity. This measure is utilized by management to assess the profitability of the Company.

4 Efficiency ratio is computed by dividing Noninterest expense by Total revenue. Efficiency ratio-FTE is computed by dividing Noninterest expense by Total revenue-FTE.5 The Company presents Tangible efficiency ratio-FTE and Adjusted tangible efficiency ratio-FTE, which remove the amortization related to intangible assets and certain tax credits from the calculation of Efficiency ratio-FTE. The Company believesthese measures are useful to investors because, by removing the impact of amortization (the level of which may vary from company to company), it allows investors to more easily compare the Company’s efficiency to other companies in the industry.These measures are utilized by management to assess the efficiency of the Company and its lines of business.

6 The Company presents Adjusted tangible efficiency ratio-FTE, which removes the $60 million pre-tax impact of the legacy National Commerce Financial Corporation ("NCF") pension plan settlement charge recognized in the fourth quarter of 2018, aswell as Form 8-K and other tax reform-related items recognized in the fourth quarter of 2017 from the calculation of Tangible efficiency ratio-FTE. The Company believes this measure is useful to investors because it is more reflective of normalizedoperations as it reflects results that are primarily client relationship and client transaction driven. Removing these items also allows investors to more easily compare the Company's tangible efficiency to other companies in the industry that may not havehad similar items impacting their results. Additional detail on these items can be found in the Company's Quarterly Report on Form 10-Q for the period ended September 30, 2018 and in its Form 8-K furnished with the SEC on January 19, 2018.

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) 2018 2018 2018 2018 2017

Total shareholders' equity $24,280 $24,139 $24,316 $24,269 $25,154

Goodwill, net of deferred taxes of $161 million, $160 million, $159 million, $159 million, and $163 million, respectively (6,170) (6,171) (6,172) (6,172) (6,168)

Other intangible assets (including residential MSRs and other servicing rights) (2,063) (2,140) (2,036) (1,996) (1,791)

Residential MSRs and other servicing rights 2,049 2,126 2,022 1,981 1,776

Tangible equity 2 18,096 17,954 18,130 18,082 18,971

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

Preferred stock (2,025) (2,025) (2,025) (2,025) (2,475)

Tangible common equity 2 $15,968 $15,828 $16,002 $15,956 $16,393

Total assets $215,543 $211,276 $207,505 $204,885 $205,962

Goodwill (6,331) (6,331) (6,331) (6,331) (6,331)

Other intangible assets (including residential MSRs and other servicing rights) (2,062) (2,140) (2,036) (1,996) (1,791)

Residential MSRs and other servicing rights 2,049 2,126 2,022 1,981 1,776

Tangible assets $209,199 $204,931 $201,160 $198,539 $199,616

Tangible equity to tangible assets 2 8.65% 8.76% 9.01% 9.11% 9.50%Tangible common equity to tangible assets 2 7.63 7.72 7.96 8.04 8.21

Tangible book value per common share 3 $35.73 $34.51 $34.40 $33.97 $34.82

1 Certain amounts in this schedule are presented net of applicable income taxes, calculated based on each subsidiary’s federal and state tax rates and are adjusted for any permanent differences.2 The Company presents certain capital information on a tangible basis, including Tangible equity, Tangible common equity, the ratio of Tangible equity to tangible assets, and the ratio of Tangible common equity to tangible assets, which remove the after-tax impact of purchase accounting intangible assets from shareholders' equity. The Company believes these measures are useful to investors because, by removing the amount of intangible assets that result from merger and acquisition activity (the levelof 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 and these measures aremore consistent with regulatory capital definitions and calculations.

3 The Company presents Tangible book value per common share, which excludes the after-tax impact of purchase accounting intangible assets and also excludes Noncontrolling interest and Preferred stock from shareholders' equity. The Company believesthis measure is useful to investors because, by removing the amount of intangible assets, noncontrolling interest, and preferred stock (the levels of which may vary from company to company), it allows investors to more easily compare the Company’sbook value of common stock to other companies in the industry.

23

SunTrust Banks, Inc. and Subsidiaries CONSUMER BUSINESS SEGMENT

Three Months Ended Year Ended December 31 December 31

(Dollars in millions) (Unaudited) 2018 2017 1 % Change 2018 2017 1 % Change

Statements of Income:

Net interest income $1,097 $1,000 10 % $4,235 $3,906 8 %

FTE adjustment — — — — — —

Net interest income-FTE 2 1,097 1,000 10 4,235 3,906 8

Provision for credit losses 3 46 64 (28) 148 366 (60)

Net interest income-FTE - after provision for credit losses 2 1,051 936 12 4,087 3,540 15

Noninterest income before net securities gains/(losses) 457 480 (5) 1,804 1,905 (5)

Net securities gains/(losses) — — — — — —

Total noninterest income 457 480 (5) 1,804 1,905 (5)

Noninterest expense before amortization 1,034 1,046 (1) 4,016 3,978 1

Amortization — — — 1 4 (75)

Total noninterest expense 1,034 1,046 (1) 4,017 3,982 1

Income-FTE - before provision for income taxes 2 474 370 28 1,874 1,463 28

Provision for income taxes 107 134 (20) 424 529 (20)

Tax credit adjustment — — — — — —

FTE adjustment — — — — — —

Net income including income attributable to noncontrolling interest 367 236 56 1,450 934 55

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

Net income $367 $236 56 % $1,450 $934 55 %

Total revenue $1,554 $1,480 5 % $6,039 $5,811 4 %



Total LHFI $76,991 $74,706 3 % $75,427 $73,578 3 %

Goodwill 4,390 4,262 3 4,359 4,262 2

Other intangible assets excluding residential MSRs 2 4 (50) 3 7 (57)

Total assets 87,322 84,422 3 85,509 83,278 3

Consumer and commercial deposits 112,102 109,445 2 111,235 109,298 2

Performance Ratios:

Efficiency ratio 66.58 % 70.66 % 66.52 % 68.51 %

Impact of FTE adjustment — — — —

Efficiency ratio-FTE 2 66.58 70.66 66.52 68.51

Impact of excluding amortization and associated funding cost of intangible assets (1.16) (1.12) (1.13) (1.11)

Tangible efficiency ratio-FTE 2, 4 65.42 % 69.54 % 65.39 % 67.40 %

1 During the second quarter of 2018, certain of the Company's business banking clients were transferred from the Wholesale business segment to the Consumer business segment. For all periods prior to the second quarter of 2018, the correspondingfinancial results have been transferred to the Consumer business segment for comparability purposes.

2 Net interest income-FTE, Income-FTE, Total revenue-FTE, Efficiency ratio-FTE, and Tangible efficiency ratio-FTE are presented on a fully taxable-equivalent (“FTE”) basis. The FTE basis adjusts for the tax-favored status of Net interest income fromcertain loans and investments. The Company believes this measure to be the preferred industry measurement of Net interest income and it enhances comparability of Net interest income arising from taxable and tax-exempt sources. Total revenue-FTEequals Net interest income on an FTE basis plus Noninterest income.3 Provision for credit losses represents net charge-offs by segment combined with an allocation to the segments for the provision attributable to quarterly changes in the Allowance for loan and lease losses and Unfunded commitment reserve balances.4 A Tangible efficiency ratio is presented, which excludes the amortization related to intangible assets and certain tax credits. The Company believes this measure is useful to investors because, by removing the impact of amortization (the level of whichmay vary from company to company), it allows investors to more easily compare this segment's efficiency to other business segments and companies in the industry. This measure is utilized by management to assess the efficiency of the Company and itslines of business.

24

SunTrust Banks, Inc. and Subsidiaries CONSUMER BUSINESS SEGMENT, continued


(Dollars in millions) (Unaudited) 2018 2017 % Change 2018 2017 % Change

Residential Mortgage Production Data:

Channel mix:

Retail $1,454 $2,215 (34)% $7,308 $9,637 (24)%

Correspondent 3,477 4,087 (15) 15,167 14,734 3

Total production $4,931 $6,302 (22)% $22,475 $24,371 (8)%

Channel mix - percent:

Retail 29% 35% 33% 40%

Correspondent 71 65 67 60

Total production 100% 100% 100% 100%

Purchase and refinance mix:

Refinance $1,237 $2,344 (47)% $5,540 $8,817 (37)%

Purchase 3,694 3,958 (7) 16,935 15,554 9

Total production $4,931 $6,302 (22)% $22,475 $24,371 (8)%

Purchase and refinance mix - percent:

Refinance 25% 37% 25% 36%

Purchase 75 63 75 64

Total production 100% 100% 100% 100%

Applications $5,487 $7,082 (23)% $28,402 $30,758 (8)%

Residential Mortgage Servicing Data (End of Period):

Total unpaid principal balance ("UPB") of residential mortgages serviced $171,355 $165,488 4 %

Total UPB of residential mortgages serviced for others 140,801 136,071 3

Net carrying value of residential MSRs 1,983 1,710 16Ratio of net carrying value of residential MSRs to total UPB of residential mortgages serviced

for others 1.408% 1.257% Assets Under Administration (End of Period):

Trust and institutional managed assets $42,192 $42,914 (2)%

Retail brokerage managed assets 16,408 15,950 3

Total managed assets 58,600 58,864 —

Non-managed assets 93,462 97,933 (5)

Total assets under advisement $152,062 $156,797 (3)%

25

SunTrust Banks, Inc. and SubsidiariesWHOLESALE BUSINESS SEGMENT


(Dollars in millions) (Unaudited) 2018 2017 1, 2 % Change 6 2018 2017 1, 2 % Change


Net interest income $570 $530 8 % $2,184 $2,029 8 %

FTE adjustment 22 36 (39) 86 142 (39)

Net interest income-FTE 3 592 566 5 2,270 2,171 5

Provision for credit losses 4 41 11 NM 60 39 54

Net interest income-FTE - after provision for credit losses 3 551 555 (1) 2,210 2,132 4

Noninterest income before net securities gains/(losses) 408 403 1 1,534 1,573 (2)

Net securities gains/(losses) — — — — — —

Total noninterest income 408 403 1 1,534 1,573 (2)

Noninterest expense before amortization 386 411 (6) 1,648 1,656 —

Amortization 22 25 (12) 72 71 1

Total noninterest expense 408 436 (6) 1,720 1,727 —

Income-FTE - before provision for income taxes 3 551 522 6 2,024 1,978 2

Provision for income taxes 60 98 (39) 245 414 (41)

Tax credit adjustment 48 60 (20) 148 180 (18)

FTE adjustment 22 36 (39) 86 142 (39)

Net income including income attributable to noncontrolling interest 421 328 28 1,545 1,242 24

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

Net income $421 $328 28 % $1,545 $1,242 24 %

Total revenue $978 $933 5 % $3,718 $3,602 3 %

Total revenue-FTE 3 1,000 969 3 3,804 3,744 2


Total LHFI $72,627 $68,432 6 % $70,200 $69,394 1 %

Goodwill 1,941 2,074 (6) 1,972 2,075 (5)

Other intangible assets excluding residential MSRs 76 75 1 76 75 1

Total assets 87,926 82,377 7 84,413 83,091 2

Consumer and commercial deposits 49,667 51,277 (3) 48,675 50,155 (3)

Performance Ratios:


Impact of FTE adjustment (0.93) (1.75) (1.04) (1.81)



Tangible efficiency ratio-FTE 3, 5 38.02 % 41.84 % 42.78 % 43.69 %

1 During the second quarter of 2018, certain of the Company's business banking clients were transferred from the Wholesale business segment to the Consumer business segment. For all periods prior to the second quarter of 2018, the correspondingfinancial results have been transferred to the Consumer business segment for comparability purposes.

2 During the fourth quarter of 2017, the Company sold Premium Assignment Corporation ("PAC"), its commercial lines insurance premium finance subsidiary , the results of which were previously reported within the Wholesale business segment. For allperiods prior to January 1, 2018, PAC 's financial results, including the gain on sale, have been transferred to Corporate Other for enhanced comparability of the Wholesale business segment excluding PAC.3 Net interest income-FTE, Income-FTE, Total revenue-FTE, Efficiency ratio-FTE, and Tangible efficiency ratio-FTE are presented on a fully taxable-equivalent (“FTE”) basis. The FTE basis adjusts for the tax-favored status of Net interest income fromcertain loans and investments. The Company believes this measure to be the preferred industry measurement of Net interest income and it enhances comparability of Net interest income arising from taxable and tax-exempt sources. Total revenue-FTEequals Net interest income on an FTE basis plus Noninterest income.4 Provision for credit losses represents net charge-offs by segment combined with an allocation to the segments for the provision attributable to quarterly changes in the Allowance for loan and lease losses and Unfunded commitment reserve balances.5 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 whichmay vary from company to company), it allows investors to more easily compare this segment's efficiency to other business segments and companies in the industry. This measure is utilized by management to assess the efficiency of the Company and itslines of business.6 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

26

SunTrust Banks, Inc. and SubsidiariesTOTAL CORPORATE OTHER (including Reconciling Items)


(Dollars in millions) (Unaudited) 2018 2017 1 % Change 5 2018 2017 1 % Change 5


Net interest income/(expense) 2 ($120) ($96) (25)% ($432) ($302) (43)%

FTE adjustment 1 2 (50) 2 3 (33)

Net interest income/(expense)-FTE 3 (119) (94) (27) (430) (299) (44)

Provision/(benefit) for credit losses 4 — 4 (100) — 4 (100)

Net interest income/(expense)-FTE - after provision/(benefit) for credit losses 3 (119) (98) (21) (430) (303) (42)

Noninterest income/(expense) before net securities gains/(losses) (47) 59 NM (113) (16) NM

Net securities gains/(losses) — (109) 100 1 (108) NM

Total noninterest income/(expense) (47) (50) 6 (112) (124) 10

Noninterest expense/(income) before amortization 40 38 5 (64) 55 NM

Amortization — — — — — —

Total noninterest expense/(income) 40 38 5 (64) 55 NM

Income/(loss)-FTE - before provision/(benefit) for income taxes 3 (206) (186) (11) (478) (482) 1

Provision/(benefit) for income taxes (31) (306) 90 (121) (411) 71

Tax credit adjustment (48) (60) 20 (148) (180) 18

FTE adjustment 1 2 (50) 2 3 (33)

Net income/(loss) including income attributable to noncontrolling interest (128) 178 NM (211) 106 NM

Less: Net income attributable to noncontrolling interest 2 2 — 9 9 —

Net income/(loss) ($130) $176 NM ($220) $97 NM

Total revenue ($167) ($146) (14) ($544) ($426) (28)%

Total revenue-FTE 3 (166) (144) (15) (542) (423) (28)


Total LHFI $90 $901 (90)% $87 $1,244 (93)%

Securities available for sale 31,798 30,884 3 31,597 30,522 4

Goodwill — — — — 1 (100)

Other intangible assets excluding residential MSRs — — — — — —

Total assets 37,686 38,420 (2) 37,355 38,562 (3)

Consumer and commercial deposits (196) 23 NM (142) 96 NM

Other Information (End of Period):

Duration of securities available for sale portfolio (in years) 4.6 4.5

Net interest income interest rate sensitivity:

% Change in net interest income under:

Instantaneous 200 basis point increase in rates over next 12 months 2.3 % 2.4 %

Instantaneous 100 basis point increase in rates over next 12 months 1.2 % 1.4 %

Instantaneous 50 basis point decrease in rates over next 12 months (0.9)% (1.0)% 1 During the fourth quarter of 2017, the Company sold Premium Assignment Corporation ("PAC"), its commercial lines insurance premium finance subsidiary , the results of which were previously reported within the Wholesale business segment. For allperiods prior to January 1, 2018, PAC 's financial results, including the gain on sale, have been transferred to Corporate Other for enhanced comparability of the Wholesale business segment excluding PAC.2 Net interest income/(expense) is driven by matched funds transfer pricing applied for segment reporting and actual Net interest income.3 Net interest income/(expense)-FTE, Income/(loss)-FTE, and Total revenue-FTE are presented on a fully taxable-equivalent (“FTE”) basis. The FTE basis adjusts for the tax-favored status of Net interest income from certain loans and investments. TheCompany believes this measure to be the preferred industry measurement of Net interest income and it enhances comparability of Net interest income arising from taxable and tax-exempt sources. Total revenue-FTE equals Net interest income on an FTEbasis plus Noninterest income.4 Provision/(benefit) for credit losses represents net charge-offs by segment combined with an allocation to the segments for the provision/(benefit) attributable to quarterly changes in the Allowance for loan and lease losses and Unfunded commitmentsreserve balances.


27

SunTrust Banks, Inc. and SubsidiariesCONSOLIDATED SEGMENT TOTALS


(Dollars in millions) (Unaudited) 2018 2017 % Change 2 2018 2017 % Change 2


Net interest income $1,547 $1,434 8 % $5,987 $5,633 6 %

FTE adjustment 23 38 (39) 88 145 (39)

Net interest income-FTE 1 1,570 1,472 7 6,075 5,778 5

Provision for credit losses 87 79 10 208 409 (49)

Net interest income-FTE - after provision for credit losses 1 1,483 1,393 6 5,867 5,369 9

Noninterest income before net securities gains/(losses) 818 942 (13) 3,225 3,462 (7)

Net securities gains/(losses) — (109) 100 1 (108) NM

Total noninterest income 818 833 (2) 3,226 3,354 (4)

Noninterest expense before amortization 1,460 1,495 (2) 5,600 5,689 (2)

Amortization 22 25 (12) 73 75 (3)

Total noninterest expense 1,482 1,520 (3) 5,673 5,764 (2)

Income-FTE - before provision/(benefit) for income taxes 1 819 706 16 3,420 2,959 16

Provision/(benefit) for income taxes 136 (74) NM 548 532 3

Tax credit adjustment — — — — — —

FTE adjustment 23 38 (39) 88 145 (39)

Net income including income attributable to noncontrolling interest 660 742 (11) 2,784 2,282 22

Less: Net income attributable to noncontrolling interest 2 2 — 9 9 —

Net income $658 $740 (11)% $2,775 $2,273 22 %

Total revenue $2,365 $2,267 4 % $9,213 $8,987 3 %



Total LHFI $149,708 $144,039 4 % $145,714 $144,216 1 %

Goodwill 6,331 6,336 — 6,331 6,338 —

Other intangible assets excluding residential MSRs 78 79 (1) 79 82 (4)

Total assets 212,934 205,219 4 207,277 204,931 1

Consumer and commercial deposits 161,573 160,745 1 159,768 159,549 —

Performance Ratios:


Impact of FTE adjustment (0.60) (1.09) (0.59) (1.02)



Tangible efficiency ratio-FTE 1 61.13 % 64.84 % 60.21 % 62.30 %

1 Net interest income-FTE, Income-FTE, Total revenue-FTE, Efficiency ratio-FTE, and Tangible efficiency ratio-FTE are presented on a fully taxable-equivalent (“FTE”) basis. The FTE basis adjusts for the tax-favored status of Net interest income fromcertain loans and investments. See Appendix A for additional information and reconcilements of non-U.S. GAAP performance measures.


28

IMPORTANT CAUTIONARY STATEMENT This presentation should be read in conjunction with the financial statements, notes and other information contained in the Company’s 2017 Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. Non-GAAP Financial Measures This presentation includes non-GAAP financial measures to describe SunTrust’s performance. The reconciliations of those measures to GAAP measures are provided within or in the appendix of this presentation beginning on slide 21. In this presentation, consistent with Securities and Exchange Commission Industry Guide 3, the Company presents total revenue, net interest income, net interest margin, and efficiency ratios on a fully taxable equivalent (“FTE”) and annualized basis. The FTE basis adjusts for the tax-favored status of net interest income from certain loans and investments using applicable federal and state income tax rates to increase tax-exempt interest income to a taxable-equivalent basis. The Company believes this measure to be the preferred industry measurement of net interest income, and it enhances comparability of net interest income arising from taxable and tax-exempt sources. Total revenue-FTE equals net interest income-FTE plus noninterest income. The Company presents the following additional non-GAAP measures because many investors find them useful. Specifically: • The Company presents certain capital information on a tangible basis, including tangible equity, tangible common equity, tangible book value per share, and return on average tangible common equity. These measures exclude the after-tax impact of purchase accounting intangible assets. The Company believes these measures are useful to investors because, by removing the effect of intangible assets that result from merger and acquisition activity (the level of which may vary from company to company), it allows investors to more easily compare the Company’s capital adequacy to other companies in the industry. These measures are used by management to analyze the capital adequacy and profitability of the Company. • Similarly, the Company presents Efficiency ratio-FTE, Tangible efficiency ratio-FTE, Adjusted efficiency ratio-FTE and Adjusted tangible efficiency ratio-FTE. The efficiency ratio is computed by dividing Noninterest expense by Total revenue. Efficiency ratio-FTE is computed by dividing Noninterest expense by Total revenue-FTE. Tangible efficiency ratio-FTE excludes the amortization related to intangible assets and certain tax credits. TheCompany believes this measure is useful to investors because, by removing the impact of amortization (the level of which may vary from company to company), it allows investors to more easily compare the Company’s efficiency to other companies in the industry. Adjusted efficiency ratio-FTE and adjusted tangible efficiency ratio-FTE remove the pre-tax impact of Form 8-K items announced on December 4, 2017 and the impacts of tax reform-related items or other income or expense items that are material and potentially non-recurring from the calculation of Efficiency ratio-FTE and Tangible efficiency ratio-FTE, respectively. The Company believes these measures are useful to investors because they are more reflective of normalized operations as they reflect results that are primarily client relationship and client transaction driven. These measures are utilized by management to assess the efficiency of the Company and its lines of business. • The Company presents adjusted EPS, adjusted noninterest income, adjusted noninterest expense, and adjusted ROTCE which exclude the impact of Form 8-K items announced on December 4, 2017 and the impacts of tax reform related items and/or a pension settlement charge in 4Q 18. The Company believes these measures are useful to investors because they are more reflective of normalized operations as they reflect results that are primarily business driven. These measures are utilized by management to assess the earnings of the Company and its lines of business. • The Company presents the Basel III Common Equity Tier 1 (CET1) ratio, on a fully phased-in basis on slide 16. For December 31, 2017 and prior, fully-phased-in ratios considered a 250% risk-weighting for MSRs and deduction from capital of certain carryforward DTA, the overfunded pension asset, and other intangible assets. For March 31, 2018 and later, the fully-phased-in ratio considers a 250% risk-weighting for MSRs, as contemplated in the FRB’s ‘Simplifications’ NPR. The Company believes this measure is useful to investors who wish to understand the impact of potential future regulatory requirements. Important Cautionary Statement about Forward-Looking Statements This presentation contains forward-looking statements. Statements regarding future levels of net interest margin, tangible efficiency ratio, net charge-off ratio, loan loss provision expense, ALLL ratio, deposit costs, and the Company’s effective tax rate, and statements regarding future efficiency progress, investments in talent and technology, a potential preferred stock issuance, client adoption ofour digital capabilities, and investment banking and lending pipelines 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". Forward-looking statements are based on the current beliefs and expectations of management and on information currently available to management. Such statements speak as of the date of this presentation, and we do not assume any obligation to update such statements or to update the reasons why actual results could differ from those contained in such statements in light of new information or future events. Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward-looking statements. Factors that could cause actual results to differ materially from those described in the forward-looking statements can be found in Part I, Item 1A., “Risk Factors,” in our Annual Report on Form 10-K for the year ended December 31, 2017 and in other periodic reports that we file with the SEC. Those factors include: current and future legislation and regulation could require us to change our business practices, reduce revenue, impose additional costs, or otherwise adversely affect business operations or competitiveness; we are subject to stringent capital adequacy and liquidity requirements and our failure to meet these would adversely affect our financial condition; the monetary and fiscal policies of the federal government and its agencies could have a material adverse effect on our earnings; our financial results have been, and may continue to be, materially affected by general economic conditions, and a deterioration of economic conditions or of the financial markets may materially adversely affect our lending and other businesses and our financial results and condition; changes in market interest rates or capital markets could adversely affect our revenue and expenses, the value of assets and obligations, and the availability and cost of capital and liquidity; our earnings may be affected by volatility in mortgage production and servicing revenues, and by changes in carrying values of our servicing assets andmortgages held for sale due to changes in interest rates; interest rates on our outstanding financial instruments might be subject to change based on regulatory developments, which could adversely affect our revenue, expenses, and the value of those financial instruments; disruptions in our ability to access global capital markets may adversely affect our capital resources and liquidity; we are subject to credit risk; we may have more credit risk and higher credit losses to the extent that our loans are concentrated by loan type, industry segment, borrower type, or location of the borrower or collateral; we rely on the mortgage secondary market and GSEs for some of our liquidity; loss of customer deposits could increase our funding costs; any reduction in our credit rating could increase the cost of our funding from the capital markets; we are subject to litigation, and our expenses related to this litigation may adversely affect our results; we may incur fines, penalties and other negative consequences from regulatory violations, possibly even inadvertent or unintentional violations; we are subject to certain risks related to originating and selling mortgages, and may be required to repurchase mortgage loans or indemnify mortgage loan purchasers as a result of breaches of representations and warranties, or borrower fraud, and this could harm our liquidity, results of operations, and financial condition; we face risks as a servicer of loans; consumers and small businesses may decide not to use banks to complete their financial transactions, which could affect net income; we have businesses other than banking which subject us to a variety of risks; negative public opinion could damage our reputation and adversely impact business and revenues; we may face more intense scrutiny of our sales, training, and incentive compensation practices; we rely on other companies to provide key components of our business infrastructure; competition in the financial services industry is intense and we could lose business or suffer margin declines as a result; we continually encounter technological change and must effectively develop and implement new technology; maintaining or increasing market share depends on market acceptance and regulatory approval of new products and services; we have in the past and may in the future pursue acquisitions, which could affect costs and from which we may not be able to realize anticipated benefits; we depend on the expertise of key personnel, and if these individuals leave or change their roles without effective replacements, operations may suffer; we may not be able to

hire or retain additional qualified personnel and recruiting and compensation costs may increase as a result of turnover, both of which may increase costs and reduce profitability and may adversely impact our ability to implement our business strategies; our framework for managing risks may not be effective in mitigating risk and loss to us; our controls and procedures may not prevent or detect all errors or acts of fraud; we are at risk of increased losses from fraud; our operational and communications systems and infrastructure may fail or may be the subject of a breach or cyber-attack that, if successful, could adversely affect our business and disrupt business continuity; a disruption, breach, or failure in the operational systems and infrastructure of our third party vendors and other service providers, including as a result of cyber-attacks, could adversely affect our business; natural disasters and other catastrophic events could have a material adverse impact on our operations or our financial condition and results; the soundness of other financial institutions could adversely affect us; we depend on the accuracy and completeness of information about clients and counterparties; our accounting policies and processes are critical to how we report our financial condition and results of operation, and they require management to make estimates about matters that are uncertain; depressed market values for our stock and adverse economic conditions sustained over a period of time may require us to write down some portion of our goodwill; our stock price can be volatile; we might not pay dividends on our stock; our ability to receive dividends from our subsidiaries or other investments could affect our liquidity and ability to pay dividends; and certain banking laws and certain provisions of our articles of incorporation may have an anti-takeover effect. 2

4Q 18 AND 2018 EPS OVERVIEW1 Quarterly & Full Year Trends Diluted EPS Adjusted EPS $1.56 $5.74 $1.48 $1.49 $1.40 $4.47 $1.29 $4.09 $1.09 4Q 17 1Q 18 2Q 18 3Q 18 4Q 18 2017 2018 Strong Overall Earnings Continued Improvements Asset Quality & Capital Momentum in Profitability Remain Strengths • 4Q: EPS includes $0.10 pension settlement charge; • 4Q: Reported efficiency ratio (ER) of 62.1%; • 4Q NCO ratio: 0.26% | NPL ratio: 0.35% excluding this, EPS is $1.50 adjusted tangible efficiency ratio (TER) of → Strong asset quality performance 58.6% (excludes pension) → Sequential decline driven by $0.14 discrete reflects favorable operating tax benefit in 3Q 18, partially offset by strong • FY: Achieved <60% adjusted TER target environment and consistent revenue trends (up 3%) → 2018 reported ER of 61.0%; TER of 60.2%2 underwriting discipline • FY: EPS up 28% (reported), 40% (adjusted) → 2018 adjusted TER: 59.6%, down 150 bps • 9.2% Basel III CET1 ratio → Driven by improved efficiency, increased relative to 2018 • Repurchased $750 million of common stock capital return, and favorable operating • FY: 12.1% ROE, 16.9% ROTCE3 in 4Q 18 | $750 million capacity remains environment 1. All commentary reflects sequential (3Q 18 to 4Q 18) trends, unless otherwise noted. Total revenue, net interest income, efficiency ratio, and tangible efficiency ratio are reported on a fully-taxable equivalent (FTE) basis. Please refer to page 22 of the earnings press release for GAAP reconciliations 3 2. Please refer to slide 21 for GAAP reconciliations 3. Please refer to page 22 of the earnings press release for GAAP reconciliations

2018 FULL YEAR HIGHLIGHTS Reported Adjusted 28% Growth in EPS 40% 3% Growth in Total Revenue 210 Improvement in Efficiency Ratio1 150 bps bps Improvement in ROE 240 2 470 bps Improvement in ROTCE bps 41% Increase in Total Capital Returns 1. The reported efficiency ratio (FTE) for 2017 and 2018 was 63.1% and 61.0%, respectively. The adjusted efficiency ratio (FTE) for 2017 and 2018 was 61.9% and 60.3%, respectively. The adjusted tangible efficiency ratio (FTE) for 2017 and 2018 was 61.0% and 59.6%, respectively. Please refer to slide 21 for GAAP reconciliation 4 2. Reported ROE for 2017 and 2018 was 9.7% and 12.1%, respectively. Reported ROTCE for 2017 and 2018 was 13.4% and 16.9%, respectively. Please refer to page 22 of the earnings press release for GAAP reconciliations. Adjusted ROTCE for 2017 was 12.2%, which excludes the (1.2%) impact from the discrete items listed on slide 23

NET INTEREST INCOME1 Net interest income (FTE) growth continues: up 2% QoQ and 7% YoY ($ in millions) $1,570 Prior Quarter Variance $1,534 $1,510 • Net interest income (FTE) increased $36 million, or 2%, as a result of 2.5% average loan growth $1,472 $1,461 • Net interest margin (FTE) stable 3.28% 3.27% 3.27% 3.24% → Benefit of September rate increase offset by increased wholesale funding, given strong loan 3.17% growth $1,547 Prior Year Variance $1,488 $1,512 $1,434 $1,441 • Net interest income (FTE) increased $98 million, or 7%, driven by NIM expansion and 4% average loan growth • Net interest margin (FTE) increased 10 bps, as a result of higher loan yields due to increases in short-term rates and positive mix shift, partially offset by higher funding costs 4Q 17 1Q 18 2Q 18 3Q 18 4Q 18 Net Interest Income Net Interest Income (FTE) NIM (FTE) 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 5 earning assets (on an annualized basis). Please refer to page 22 of the earnings press release for a reconciliation of net interest margin to net interest margin (FTE). Please refer to slide 21 for a reconciliation of net interest income to net interest income (FTE)

NONINTEREST INCOME Noninterest income up 5% QoQ ($ in millions) Prior Quarter Variance $840 • Noninterest income increased $36 million, or 5%, $7 $7 driven by: → $44 million increase in commercial real estate- related income, as a result of increased structured real estate activity and seasonality → Partially offset by $22 million decrease in capital markets-related income, as a result of market conditions $833 $829 $818 $796 $782 Prior Year Variance • Noninterest income decreased $15 million, or 2%, as a result of market conditions which negatively impacted mortgage-related income (lower volumes and margins) and trading income → Partially offset by $24 million increase in investment banking income, driven by M&A 4Q 17 1Q 18 2Q 18 3Q 18 4Q 18 Non-core items1 6 1. Non-core items refers to items announced in the December 4, 2017 Form 8-K and tax reform-related items as outlined on slide 23. Please refer to slide 21 for a reconciliation of reported noninterest income to adjusted noninterest income

NONINTEREST EXPENSE Continued focus on disciplined expense management ($ in millions) $1,520 $1,482 Prior Quarter Variance $111 $60 • Excluding $60 million pension settlement charge, noninterest expense increased $38 million, as a result of certain discrete items → $35 million increase in operating losses and other noninterest expense, driven by discrete items in 4Q 18 and normal quarterly variability → $16 million increase in net occupancy expense, driven by lease termination benefit in 3Q 18 $1,409 $1,417 $1,390 $1,384 $1,422 • Partially offset by lower regulatory assessments, as a result of the removal of the FDIC surcharge and a separate $9 million regulatory assessment credit Prior Year Variance • Adjusted noninterest expense up $13 million, or 1%, as a result of 4% revenue growth and increased investments in technology, largely offset by ongoing 4Q 17 1Q 18 2Q 18 3Q 18 4Q 18 efficiency initiatives Non-core items1 7 1. Non-core items refers to items announced in the December 4, 2017 Form 8-K and tax reform-related items as outlined on slide 23, in addition to $60 million pension settlement charge in 4Q 18. Please refer to slide 21 for a reconciliation of reported noninterest expense to adjusted noninterest expense

EFFICIENCY RATIO & TANGIBLE EFFICIENCY RATIO1 Achieved <60% adjusted TER target one year earlier than stated goal Medium-Term TER Target: 56-58% 5-Quarter Trends Annual Trends 72.0% 62.8% 60.9% 67.4% 59.8% 59.6% 59.4% 65.6% Achieved 63.7% <60% 63.1% 62.6% Target 61.9% 60.3% 71.5% 62.1% 59.9% 58.7% 58.9% 58.6% 66.9% 65.3% 63.3% 62.6% 62.0% 61.0% 59.6% 56-58% 4Q 17 2 1Q 18 2Q 18 3Q 18 4Q 18 2 2011 20122 2013 2 2014 2 2015 2016 2017 2 20182 Medium- Term TER Target Efficiency Ratio (FTE) Tangible Efficiency Ratio (FTE) 1. The efficiency ratio and tangible efficiency ratio 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 5. Please refer to slide 21 for the reconciliation to the GAAP efficiency ratio 8 2. 2012, 2013, 2014, 2017, 2018, 4Q 17, and 4Q 18 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 21 for reconciliations related to the GAAP efficiency ratio

CREDIT QUALITY Asset quality continues to be very strong ($ in millions) Net Charge-offs Nonperforming Loans . NCO ratio remains well below historical averages . Sequential decrease driven by resolution of certain nonaccruing commercial credits NCOs Total NCO Ratio (annualized) NPLs Total NPL Ratio $755 $712 $695 $107 $674 $97 $88 $526 $79 $73 0.29% 0.24% 0.26% 0.22% 0.20% 0.47% 0.50% 0.52% 0.47% 0.35% 4Q 17 1Q 18 2Q 18 3Q 18 4Q 18 4Q 17 1Q 18 2Q 18 3Q 18 4Q 18 Allowance for Loan and Lease Losses (ALLL) Provision for Credit Losses . Continued asset quality improvements drive decline in ALLL ratio . Sequential increase driven by higher loan growth ALLL ALLL Ratio $1,735 $1,694 $1,650 $1,623 $1,615 $87 $79 $61 1.21% 1.19% 1.14% 1.10% 1.06% $28 $32 4Q 17 1Q 18 2Q 18 3Q 18 4Q 18 4Q 17 1Q 18 2Q 18 3Q 18 4Q 18 9

BALANCE SHEET ($ in billions) ($ in billions, average balances) Average Performing Loans Average Client Deposits $160.7 $159.2 $159.0 $159.3 $161.6 $145.2 $149.1 $143.4 $142.2 $143.4 $6.5 $6.6 $6.8 $6.7 $6.5 $11.9 $13.1 $13.9 $14.8 $15.4 $31.3 $28.7 $29.0 $29.2 $30.0 $46.2 $46.6 $45.3 $45.3 $47.4 $38.2 $38.0 $37.7 $37.9 $38.3 $44.1 $42.3 $43.0 $42.6 $42.3 $76.4 $75.2 $76.5 $77.4 $79.4 $52.0 $50.5 $49.8 $49.9 $49.9 4Q 17 1Q 18 2Q 18 3Q 18 4Q 18 4Q 17 1Q 18 2Q 18 3Q 18 4Q 18 Commercial Residential Consumer Money Market DDA (Nonint bearing) NOW Time Savings Prior Quarter Variance Prior Quarter Variance • Average performing loans up 2.5%, driven by broad-based • Average client deposits increased 1%, driven by seasonal growth across both business segments growth in NOW accounts → Consumer up 2% | Wholesale up 3% • Interest-bearing deposit costs up 10 bps Prior Year Variance Prior Year Variance • Average client deposits increased 1%; mix shift towards • Average performing loans up 4%; driven by growth in C&I, higher cost deposits consumer direct, and CRE, partially offset by declines in home equity and commercial construction → $3.6 billion increase in time deposits offset by declines in money market and noninterest bearing deposits 10 Note: Totals may not foot due to rounding

CAPITAL POSITION Basel III Common Equity Tier 1 Ratio1 Basel III Tier 1 Capital Ratio1 11.2% 11.0% 10.9% 10.7% 10.3% 9.7% 9.8% 9.7% 9.6% 9.2% 4Q 17 1Q 18 2Q 18 3Q 18 4Q 18 4Q 17 1Q 18 2Q 18 3Q 18 4Q 18 Book Value / Tangible Book Value Per Share2 $49.57 $47.94 $47.14 $47.70 $48.00 $35.73 $34.82 $33.97 $34.40 $34.51 4Q 17 1Q 18 2Q 18 3Q 18 4Q 18 Book Value Per Share Tangible Book Value Per Share 11 1. Current quarter amounts are estimated at the time of the earnings release and subject to revision 2. Please refer to slide 22 for the reconciliation of book value per share to tangible book value per share

CONSUMER SEGMENT HIGHLIGHTS %Δ FY 2018 Highlights ($ in millions) 4Q 17 3Q 18 4Q 18 FY 17 FY 18 Prior Yr Net Interest Income $1,000 $1,079 $1,097 $3,906 $4,235 8 % • Good financial progress Noninterest Income 480 445 457 1,905 1,804 (5)% → Revenue up 4%: strong net interest income growth offset declines in mortgage Total Revenue 1,480 1,524 1,554 5,811 6,039 4 % → 200 bps improvement in efficiency Provision for Credit Losses 64 36 46 366 148 NM → Branch count down 4% Noninterest Expense 1,046 994 1,034 3,982 4,017 1 % → Net income up 55% Net Income $236 $381 $367 $934 $1,450 55 % • Strong, broad-based balance sheet growth improves the Company’s overall loan mix and provides Key Statistics ($ in billions) attractive funding Total Loans (average) $74.7 $75.4 $77.0 $73.6 $75.4 3 % → 3% loan growth driven by LightStream, third Client Deposits (average) $109.4 $111.9 $112.1 $109.3 $111.2 2 % party partnerships, and guaranteed student loans → 2% deposit growth driven by targeted CD growth Managed Assets (EOP) $58.9 $62.2 $58.6 $58.9 $58.6 (0)% Full-Service Branches 1,275 1,217 1,218 1,275 1,218 (4)% • Maintained conservative credit risk profile Efficiency Ratio 70.7% 65.3% 66.6% 68.5% 66.5% → New production FICO: 766 Tangible Efficiency Ratio¹ 69.5% 64.1% 65.4% 67.4% 65.4% • Investments in client facing technology drive increased digital adoption Mortgage Data: → Digital adoption: 70%, up from 68% in 2017 Servicing Portfolio for Others $136.1 $140.0 $141.1 $136.1 $141.1 4 % → Digital sales: 32%, up from 27% in 2017 (EOP) → 64% SmartGUIDE adoption rate (digital mortgage Production Volume $6.3 $6.1 $4.9 $24.4 $22.5 (8)% application introduced in 1Q 18) Application Volume $7.1 $7.6 $5.5 $30.8 $28.4 (8)% • Nationally recognized for superior client experience → Received four Javelin ‘Leader’ Awards for online and mobile banking capabilities → Awarded Top 5 Mortgage Servicer by JD Power → Named Top 3 Overall Auto Finance Lender by Auto Finance Performance → LightStream: Best Personal Loan Companies of 2018 (US News World Report) 12 Note: NM = not meaningful 1. Please refer to page 24 of the earnings press release for a reconciliation of efficiency ratio to tangible efficiency ratio

WHOLESALE SEGMENT HIGHLIGHTS %Δ FY 2018 Highlights ($ in millions) 4Q 17 3Q 18 4Q 18 FY 17 FY 18 Prior Yr Net Interest Income (FTE) $566 $574 $592 $2,171 $2,270 5 % . Record revenue and strong profitability Noninterest Income 403 374 408 1,573 1,534 (2)% → 2% revenue growth driven by net interest income (NIM expansion and 1% loan growth) Total Revenue (FTE) 969 948 1,000 3,744 3,804 2 % → Diversified platform helped overcome Provision for Credit Losses 11 24 41 39 60 NM adverse market conditions in 4Q 18 Noninterest Expense 436 434 408 1,727 1,720 (0)% → 43% tangible efficiency ratio (FTE), 90 bps improvement in 2018 Net Income $328 $374 $421 $1,242 $1,545 24 % → 24% increase in net income Key Statistics ($ in billions) . Positive underlying trends affirm strategic Total Loans (average) $68.4 $70.7 $72.6 $69.4 $70.2 1 % momentum and success of advice-driven model Client Deposits (average) $51.3 $47.9 $49.7 $50.2 $48.7 (3)% → Record performance in M&A and Equity Originations Efficiency Ratio (FTE)¹ 44.9% 45.8% 40.7% 46.1% 45.2% → Capital markets revenue from non-CIB clients up Tangible Efficiency Ratio (FTE)¹ 41.8% 43.3% 38.0% 43.7% 42.8% 49% → Loan growth driven by M&A activity, investments in enhanced CRE capabilities, expanded aging services vertical, and expansion markets . Maintained disciplined risk management → 15% decline in syndicated and leverage finance income (reflection of underwriting discipline and market conditions); all transactions fully syndicated at year end → <$5 million daily trading VaR → Positive remixing within CRE portfolio; construction balances down $1.3bn, term balances up $1.9bn → 9 bp NCO ratio in 2017 and 2018 13 Note: NM = not meaningful 1. Please refer to page 26 of the earnings press release for a reconciliation of efficiency ratio to tangible efficiency ratio

STRONG, CONSISTENT LONG-TERM TRENDS 7th consecutive year of improvement across key metrics Investing in Growth & Improving Efficiency Strong Capital & Technology & Returns Risk Position GAAP EPS GAAP ER (Dividends & share buybacks as a % of net income) 2011 2012 2013 2014 2015 2016 2017 2018 2011 2012 2013 2014 2015 2016 2017 2018 $0.94 $3.59 $2.41 $3.23 $3.58 $3.60 $4.47 $5.74 72.0% 59.3% 71.2% 66.7% 63.1% 62.6% 63.1% 61.0% 103% (Adjusted earnings per share1) (Adjusted tangible efficiency ratio2) 89% $5.74 71.5% 66.9% 73% $4.09 65.3% 62% $3.58$3.60 63.3%62.6%62.0% $3.24 61.0% 48% $2.74 59.6% $2.19 26% $0.94 8% 11% 2011 2012 2013 2014 2015 2016 2017 2018 2011 2012 2013 2014 2015 2016 2017 2018 2011 2012 2013 2014 2015 2016 2017 2018 . 40% adjusted EPS growth . Strong FY profitability improvements . 41% increase in capital returns → 3% revenue growth, even after 4% → Adjusted TER: 59.6%; 150 bps YoY → 36% increase in dividends per share decline in noninterest income, reflects improvement → 45% increase in share repurchases franchise diversity → NIM: 3.26%; 12 bps YoY improvement → 5% decline in average shares 3 . Investing in technology → ROTCE: 16.9% ; 470 bps YoY outstanding improvement → 70% digital adoption . Diverse, high quality balance sheet . → Completed transition to SunView (new Achieved <60% TER target (one year → 0.23% NCO ratio; 2 bps YoY T&PS platform for Wholesale clients) early) improvement → Received national recognition for → 56-58% Medium-Term TER Target → 0.35% NPL ratio; 12 bps YoY superior client experience (slide 12) improvement 1. 2012, 2013, and 2017 values represent adjusted earnings per share. The impact of excluding discrete items was ($1.40), $0.33, and ($0.39) for 2012, 2013, and 2017, respectively. For the reconciliation to GAAP EPS for 2012 and 2013, please refer to page 36 of the 2013 Form 10-K. For the 2017 reconciliation to GAAP EPS, please refer to slide 23 2. 2012, 2013, 2014, 2017 and 2018 values represent the 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 21 for reconciliations related to the GAAP efficiency ratio 14 3. Reported ROE for 2017 and 2018 was 9.7% and 12.1%, respectively. Reported ROTCE for 2017 and 2018 was 13.4% and 16.9%, respectively. Pleaserefer to page 22 of the earnings press release for GAAP reconciliations. Adjusted ROTCE for 2017 was 12.2%, which excludes the (1.2%) impact from the discrete items listed on slide 23

APPENDIX

5-QUARTER & 2-YEAR FINANCIAL HIGHLIGHTS 4Q 17 1Q 18 2Q 18 3Q 18 4Q 18 2017 2018 EPS (diluted) 59.60% $1.48 $1.29 $1.49 $1.56 $1.40 $4.47 $5.74 Adjusted EPS (diluted)1 $1.09 $1.29 $1.49 $1.56 $1.40 $4.09 $5.74 Efficiency Ratio (FTE) 65.9% 62.8% 59.4% 59.8% 62.1% 63.1% 61.0% Tangible Efficiency Ratio (FTE)2 64.8% 62.1% 58.7% 58.9% 61.1% 62.3% 60.2% Profitability Adjusted Tangible Efficiency Ratio (FTE)3 59.9% 62.1% 58.7% 58.9% 58.6% 61.0% 59.6% Net Interest Margin (FTE) 3.17% 3.24% 3.28% 3.27% 3.27% 3.14% 3.26% Return on Average Assets 1.43% 1.28% 1.42% 1.44% 1.23% 1.11% 1.34% Return on Average Common Equity 12.5% 11.2% 12.7% 13.0% 11.5% 9.7% 12.1% Return on Average Tangible Common Equity4 17.2% 15.6% 17.7% 18.1% 16.1% 13.4% 16.9% Balance Average Performing Loans ($ in billions) $143.4 $142.2 $143.4 $145.2 $149.1 $143.5 $145.0 Sheet Average Client Deposits ($ in billions) $160.7 $159.2 $159.0 $159.3 $161.6 $159.5 $159.8 NPL Ratio 0.47% 0.50% 0.52% 0.47% 0.35% 0.47% 0.35% NCO Ratio 0.29% 0.22% 0.20% 0.24% 0.26% 0.25% 0.23% ALLL Ratio 1.21% 1.19% 1.14% 1.10% 1.06% 1.21% 1.06% Credit & Basel III Common Equity Tier 1 Ratio (transitional) 9.7% 9.8% 9.7% 9.6% 9.2% 9.7% 9.2% Capital Basel III Common Equity Tier 1 Ratio (fully phased-in)5 9.6% 9.7% 9.6% 9.4% 9.1% 9.6% 9.1% Book Value Per Share $47.94 $47.14 $47.70 $48.00 $49.57 $47.94 $49.57 Tangible Book Value Per Share6 $34.82 $33.97 $34.40 $34.51 $35.73 $34.82 $35.73 1. Please refer to slide 23 for the 4Q 17 GAAP reconciliations 2. Please refer to page 22 of the earnings press release for GAAP reconciliations 3. Please refer to slide 21 for the GAAP reconciliations 4. Please refer to page 22 of the earnings press release for GAAP reconciliations 5. For 12/31/17 and prior, fully-phased-in ratios considered a 250% risk-weighting for MSRs and deduction from capital of certain carryforward DTA, the overfunded pension asset, and other intangible assets. For 2018, the fully-phased-in ratio 16 reflects a 250% risk-weighting for MSRs, as contemplated in the FRB’s ‘Simplifications’ NPR 6. Please refer to slide 22 for a reconcilement to book value per share

30-89 DAY DELINQUENCIES BY LOAN CLASS ($ in millions) Memo: 4Q 18 Loan 30-89 Accruing Delinquencies 4Q 17 1Q 18 2Q 18 3Q 18 4Q 18 Balance Commercial & industrial 0.06% 0.05% 0.05% 0.06% 0.09% $71,137 Commercial real estate 0.00% 0.03% 0.23% 0.03% 0.03% $7,265 Commercial construction 0.00% 0.00% 0.38% 0.00% 0.01% $2,538 Total Commercial Loans 0.06% 0.05% 0.08% 0.05% 0.08% $80,940 Residential mortgages – guaranteed - - - - - $459 Residential mortgages – nonguaranteed 0.55% 0.24% 0.19% 0.26% 0.24% $28,836 Home equity products 0.71% 0.65% 0.60% 0.72% 0.66% $9,468 Residential construction 2.33% 0.11% 0.16% 0.48% 1.37% $184 Guaranteed student loans - - - - - $7,229 Other direct 0.42% 0.39% 0.32% 0.38% 0.43% $10,615 Indirect 0.91% 0.71% 0.75% 0.83% 1.01% $12,419 Credit cards 0.83% 0.89% 0.84% 0.95% 1.02% $1,689 Total Consumer Loans¹ 0.65% 0.44% 0.40% 0.48% 0.51% $70,899 Total SunTrust - excl. gov.-guaranteed delinquencies 1 0.32% 0.22% 0.22% 0.24% 0.27% $144,151 Impact of excluding gov.-guaranteed delinquencies 0.48% 0.46% 0.50% 0.50% 0.46% $7,688 Total SunTrust - incl. gov.-guaranteed delinquencies2 0.80% 0.68% 0.72% 0.74% 0.73% $151,839 1. Excludes delinquencies on federally guaranteed mortgages and student loans 17 2. 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

NONPERFORMING LOANS BY LOAN CLASS ($ in millions) Memo: 4Q 18 Loan Nonperforming Loans 4Q 17 1Q 18 2Q 18 3Q 18 4Q 18 Balance Commercial & industrial $215 $216 $296 $256 $157 $71,137 Commercial real estate 24 46 45 43 2 $7,265 Commercial construction 1 - - - - $2,538 Total Commercial Loans $240 $262 $341 $299 $159 $80,940 Residential mortgages – guaranteed - - - - - $459 Residential mortgages - nonguaranteed 206 253 240 225 204 $28,836 Home equity products 203 169 150 149 138 $9,468 Residential construction 11 16 10 9 11 $184 Guaranteed student loans - - - - - $7,229 Other direct 7 8 8 7 7 $10,615 Indirect 7 4 6 6 7 $12,419 Credit cards - - - - - $1,689 Total Consumer Loans $434 $450 $414 $396 $367 $70,899 Total SunTrust $674 $712 $755 $695 $526 $151,839 NPLs / Total Loans 0.47% 0.50% 0.52% 0.47% 0.35% 18 Note: Totals may not foot due to rounding

NET CHARGE-OFF RATIOS BY LOAN CLASS ($ in millions) Memo: 4Q 18 Loan Net Charge-off Ratio (annualized) 4Q 17 1Q 18 2Q 18 3Q 18 4Q 18 Balance Commercial & industrial 0.22 % 0.08 % 0.10 % 0.25 % 0.16 % $71,137 Commercial real estate (0.01)% 0.28 % (0.01)% (0.01)% 0.19 % $7,265 Commercial construction (0.01)% (0.02)% (0.00)% (0.00)% (0.00)% $2,538 Total Commercial Loans 0.19 % 0.09 % 0.09 % 0.22 % 0.15 % $80,940 Residential mortgages – guaranteed - - - - - $459 Residential mortgages – nonguaranteed 0.20 % 0.14 % 0.18 % 0.03 % 0.09 % $28,836 Home equity products 0.19 % 0.10 % 0.05 % (0.01)% 0.09 % $9,468 Residential construction 3.39 % 0.69 % 2.76 % 0.69 % (0.10)% $184 Guaranteed student loans - - - - - $7,229 Other direct 0.81 % 0.82 % 0.77 % 0.68 % 1.05 % $10,615 Indirect 0.66 % 0.67 % 0.41 % 0.52 % 0.54 % $12,419 Credit cards 2.77 % 3.21 % 3.22 % 3.13 % 3.17 % $1,689 Total Consumer Loans 0.41 % 0.37 % 0.34 % 0.27 % 0.37 % $70,899 Total SunTrust 0.29 % 0.22 % 0.20 % 0.24 % 0.26 % $151,839 19

NET CHARGE-OFFS BY LOAN CLASS ($ in millions) Memo: 4Q 18 Loan Net Charge-offs 4Q 17 1Q 18 2Q 18 3Q 18 4Q 18 Balance Commercial & industrial $37 $13 $17 $42 $28 $71,137 Commercial real estate - 4 - - 3 $7,265 Commercial construction - - - - - $2,538 Total Commercial Loans $37 $17 $17 $42 $31 $80,940 Residential mortgages – guaranteed - - - - - $459 Residential mortgages – nonguaranteed 14 9 12 2 7 $28,836 Home equity products 5 3 1 (1) 2 $9,468 Residential construction 3 - 2 - - $184 Guaranteed student loans - - - - - $7,229 Other direct 18 18 17 16 27 $10,615 Indirect 20 20 12 16 17 $12,419 Credit cards 10 12 12 13 13 $1,689 Total Consumer Loans $70 $62 $56 $46 $66 $70,899 Total SunTrust $107 $79 $73 $88 $97 $151,839 20 Note: Totals may not foot due to rounding

RECONCILIATION: ADJUSTED EFFICIENCY RATIO (FTE) & ADJUSTED TANGIBLE EFFICIENCY RATIO (FTE) ($ in millions) 4Q 17 1Q 18 2Q 18 3Q 18 4Q 18 2011 2012 2013 2014 2015 2016 2017 2018 Reported (GAAP) Basis Net Interest Income 1,434 1,441 1,488 1,512 1,547 5,065 5,102 4,853 4,840 4,764 5,221 5,633 5,987 Noninterest Income 833 796 829 782 818 3,421 5,373 3,214 3,323 3,268 3,383 3,354 3,226 Revenue 2,267 2,237 2,317 2,294 2,365 8,486 10,475 8,067 8,163 8,032 8,604 8,987 9,213 Noninterest Expense¹ 1,520 1,417 1,390 1,384 1,482 6,194 6,284 5,831 5,543 5,160 5,468 5,764 5,673 Efficiency Ratio 67.0% 63.3% 60.0% 60.3% 62.7% 73.0% 60.0% 72.3% 67.9% 64.2% 63.6% 64.1% 61.6% Reconciliation: Net Interest Income 1,434 1,441 1,488 1,512 1,547 5,065 5,102 4,853 4,840 4,764 5,221 5,633 5,987 FTE Adjustment 38 20 22 22 23 114 123 127 142 142 138 145 88 Net Interest Income-FTE 1,472 1,461 1,510 1,534 1,570 5,179 5,225 4,980 4,982 4,906 5,359 5,778 6,075 Noninterest Income 833 796 829 782 818 3,421 5,373 3,214 3,323 3,268 3,383 3,354 3,226 Revenue-FTE 2,305 2,257 2,339 2,316 2,388 8,600 10,598 8,194 8,305 8,174 8,742 9,132 9,301 Efficiency Ratio-FTE 65.9% 62.8% 59.4% 59.8% 62.1% 72.0% 59.3% 71.2% 66.7% 63.1% 62.6% 63.1% 61.0% Adjustment Items (Noninterest Income): 3Q-4Q 12 student / Ginnie Mae loan sale (losses) (92) Securities gain related to the sale of Coca Cola stock 1,938 Pre-tax mortgage repurchase provision related to loans sold to GSEs prior to 2009 (371) GSE mortgage repurchase settlements (63) RidgeWorth sale 105 Premium Assignment Corporation sale 107 107 Securities & MSR losses in connection with tax reform-related actions (114) (114) Adjusted Noninterest Income 840 796 829 782 818 3,421 3,898 3,277 3,218 3,268 3,383 3,361 3,226 Adjusted Revenue-FTE² 2,313 2,257 2,339 2,316 2,388 8,600 9,123 8,257 8,200 8,174 8,742 9,139 9,301 Noninterest Expense¹ 1,520 1,417 1,390 1,384 1,482 6,194 6,284 5,831 5,543 5,160 5,468 5,764 5,673 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 Efficiency related charges as outlined in 12/4/17 8-K 36 36 Contribution to communities / teammates in connection with tax-reform 75 75 Legacy pension settlement charge 60 60 Adjusted Noninterest Expense² 1,409 1,417 1,390 1,384 1,422 6,194 6,1505,412 5,219 5,160 5,468 5,653 5,613 Amortization Expense 25 15 17 19 22 43 46 23 25 40 49 75 73 Adjusted Tangible Expenses² 1,384 1,402 1,373 1,365 1,400 6,151 6,104 5,389 5,194 5,120 5,419 5,578 5,540 Adjusted Efficiency Ratio-FTE³ 60.9% 62.8% 59.4% 59.8% 59.6% 72.0% 67.4% 65.6% 63.7% 63.1% 62.6% 61.9% 60.3% Adjusted Tangible Efficiency Ratio-FTE³ 59.9% 62.1% 58.7% 58.9% 58.6% 71.5% 66.9% 65.3% 63.3% 62.6% 62.0% 61.0% 59.6% 1. In accordance with updated GAAP, amortization of affordable housing investments were reclassified and are now presented in provision for income taxes for 2013. 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 21 3. Represents adjusted noninterest expense / adjusted revenue–FTE. Adjusted tangible efficiency ratio excludes amortization expense, the impact of which is (1.08%), (0.66%), (0.73%), (0.82%), (0.92%), (0.50%), (0.50%), (0.28%), (0.30%), (0.49%), (0.56%), (0.82%), (0.78%) for 4Q 17, 1Q 18, 2Q 18, 3Q 18, 4Q 18, 2011, 2012, 2013, 2014, 2015, 2016, 2017, and 2018 respectively

RECONCILIATION: OTHER NON-GAAP MEASURES ($ in billions, except per-share data) 4Q 17 1Q 18 2Q 18 3Q 18 4Q 18 Total Shareholders' Equity $25.2 $24.3 $24.3 $24.1 $24.3 Goodwill, Net of Deferred Taxes (6.2) (6.2) (6.2) (6.2) (6.2) Other Intangible Assets Including MSRs, Net of Deferred Taxes (1.8) (2.0) (2.0) (2.1) (2.1) MSRs 1.8 2.0 2.0 2.1 2.0 Tangible Equity $19.0 $18.1 $18.1 $18.0 $18.1 Noncontrolling Interest (0.1) (0.1) (0.1) (0.1) (0.1) Preferred Stock (2.5) (2.0) (2.0) (2.0) (2.0) Tangible Common Equity $16.4 $16.0 $16.0 $15.8 $16.0 Total Assets 206.0 204.9 207.5 211.3 215.5 Goodwill (6.3) (6.3) (6.3) (6.3) (6.3) Other Intangible Assets Including MSRs, Net of Deferred Taxes (1.8) (2.0) (2.0) (2.1) (2.1) MSRs 1.8 2.0 2.0 2.1 2.0 Tangible Assets $199.6 $198.5 $201.2 $204.9 $209.2 Book Value Per Common Share $47.94 $47.14 $47.70 $48.00 $49.57 Tangible Book Value Per Common Share $34.82 $33.97 $34.40 $34.51 $35.73 22 Note: Totals may not foot due to rounding

4Q 2017 DISCRETE ITEMS ($ in millions, except per-share data) Pre-Tax After-Tax Line Item Impacted Segment Items Gain on sale of Premium Assignment Corporation (PAC) $107 $65 Other noninterest income Wholesale Announced SunTrust Mortgage state NOL valuation allowance adjustment - ($27) Provision for income taxes Corporate Other in Net charge related to efficiency actions ($36) ($22) Other noninterest expense All 12/4/2017 Sub-Total $16 8-K EPS Impact $0.03 Revaluation of the net DTL & other discrete tax items - $291 Provision for income taxes Corporate Other Tax Securities AFS portfolio restructuring losses ($109) ($69) Securities gains/(losses) Corporate Other Reform Charitable contribution to SunTrust Foundation ($50) ($31) Marketing & customer development Corporate Other Impacts & Discretionary 401(k) contribution and other employee benefits ($25) ($16) Employee compensation & benefits All Related Loss on sale of servicing rights ($5) ($3) Mortgage servicing related income Consumer Actions Sub-Total $172 EPS Impact $0.36 Reported Adjusted Earnings Per Share $1.48 $1.09 4Q 17 Efficiency Ratio (FTE)¹ 65.9% 60.9% Tangible Efficiency Ratio (FTE)¹ 64.8% 59.9% Earnings Per Share $4.47 $4.09 2017 Efficiency Ratio (FTE)¹ 63.1% 61.9% Tangible Efficiency Ratio (FTE)¹ 62.3% 61.0% 23 1. The efficiency ratio and tangible efficiency ratios are reported on fully taxable-equivalent (“FTE”) basis. Please refer to slide 21 for GAAP reconciliations. Numbers may not foot due to rounding

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