suntrust banks, inc.d18rn0p25nwr6d.cloudfront.net/cik-0000750556/f279a7c9-6d37-470… · item 2.02...

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 20, 2017

SunTrust Banks, Inc.__________________________________________

(Exact name of registrant as specified in its charter)

Georgia 001-08918 58-1575035

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

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

(Address of principal executive offices) (Zip Code)

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

Not Applicable

Former name or former address, if changed since last report

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

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

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

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

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

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

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financialaccounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 2.02 Results of Operations and Financial Condition.

Item 7.01 Regulation FD.

On October 20, 2017 , SunTrust Banks, Inc. (the “Registrant”) announced financial results for the period ended September 30, 2017 . A copy of the news release announcing suchresults is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The Registrant intends to hold an investor call and webcast to discuss these results on October 20,2017 , at 8:00 a.m. Eastern time. Additional presentation materials relating to such call are furnished hereto as Exhibit 99.2 and are incorporated herein by reference.

The foregoing information is furnished pursuant to Item 2.02, “Results of Operations and Financial Condition,” and Item 7.01, “Regulation FD.” Consequently, it is not deemed“filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section. It may only be incorporated by reference into anotherfiling under the Exchange Act or Securities Act of 1933 if such subsequent filing specifically references this Form 8-K. All information in the news release and presentationmaterials speak as of the date thereof and the Registrant does not assume any obligation to update said information in the future. In addition, the Registrant disclaims any inferenceregarding the materiality of such information which otherwise may arise as a result of its furnishing such information under Item 2.02 or Item 7.01 of this report on Form 8-K.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1 News release dated October 20, 2017 (furnished with the Commission as a part of this Form 8-K).

99.2 Presentation slides dated October 20, 2017 (furnished with the Commission as a part of this Form 8-K).

SIGNATURE

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

SUNTRUST BANKS, INC.

(Registrant)

Date: October 20, 2017 By: /s/ R. Ryan Richards

R. Ryan Richards,Senior Vice President, Controller

Exhibit 99.1

News Release

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

For Immediate ReleaseOctober 20 , 2017

SunTrust Reports Third Quarter 2017 Results

Solid Revenue Growth, Improved Efficiency & Returns, and Higher Capital ReturnsResult in Strong 16% Year-over-Year EPS Growth

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

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

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

1

Third Quarter 2017 Financial Highlights(Commentary is on a fully taxable-equivalent basis unless otherwise noted. Consistent with SEC guidance in Industry Guide 3 that contemplates the calculation of tax-exempt income on a taxequivalent basis, net interest income, net interest margin, total revenue, and efficiency ratios are provided on a fully taxable-equivalent basis, which generally assumes a 35% marginal federal taxrate and state income taxes, where applicable. We provide unadjusted amounts in the table on page 3 of this news release and detailed reconciliations and additional information in Appendix Aon pages 22 and 23 .)

Income Statement

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

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

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

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

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

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

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

Balance Sheet

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

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

Capital

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

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

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

Asset Quality

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

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

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

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

2

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

Net interest income $1,430 $1,403 $1,366 $1,343 $1,308

Net interest income-FTE 2 1,467 1,439 1,400 1,377 1,342

Net interest margin 3.07% 3.06% 3.02% 2.93% 2.88%

Net interest margin-FTE 2 3.15 3.14 3.09 3.00 2.96

Noninterest income $846 $827 $847 $815 $889

Total revenue 2,276 2,230 2,213 2,158 2,197

Total revenue-FTE 2 2,313 2,266 2,247 2,192 2,231

Noninterest expense 1,391 1,388 1,465 1,397 1,409

Provision for credit losses 120 90 119 101 97

Net income available to common shareholders 512 505 451 448 457

Earnings per average common diluted share 1.06 1.03 0.91 0.90 0.91 Balance Sheet (Dollars in billions)

Average LHFI $144.7 $144.4 $143.7 $142.6 $142.3

Average consumer and commercial deposits 159.4 159.1 158.9 158.0 155.3 Capital

Capital ratios at period end 1 :

Tier 1 capital (transitional) 10.74% 10.81% 10.40% 10.28% 10.50%

Common Equity Tier 1 ("CET1") (transitional) 9.62 9.68 9.69 9.59 9.78

Common Equity Tier 1 ("CET1") (fully phased-in) 2 9.48 9.53 9.54 9.43 9.66

Total average shareholders’ equity to total average assets 11.94 11.80 11.59 11.84 12.12 Asset Quality

Net charge-offs to total average LHFI (annualized) 0.21% 0.20% 0.32% 0.38% 0.35%

ALLL to period-end LHFI 3 1.23 1.20 1.20 1.19 1.23

NPLs to period-end LHFI 0.48 0.52 0.55 0.59 0.671 Current period Tier 1 capital and CET1 ratios are estimated as of the date of this news release.2 See Appendix A on pages 22 and 23 for non-U.S. GAAP reconciliations and additional information.3 LHFI measured at fair value were excluded from period-end LHFI in the calculation as no allowance is recorded for loans measured at fair value.

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

Revenue

Total revenue was $2.3 billion for the current quarter, an increase of $47 million compared to the prior quarter. Net interest income increased $28million sequentially due to a higher net interest margin, one additional day in the third quarter, and growth in average earning assets. Noninterest incomeincrease d $19 million sequentially, driven primarily by higher capital markets and mortgage-related income, offset partially by lower client transaction-related fees and commercial real estate related income. Compared to the third quarter of 2016 , total revenue increased $82 million , or 4% , driven by a$125 million increase in net interest income, which was partially offset by a $43 million decrease in total noninterest income due to lower mortgage-relatedincome.

Net Interest Income

Net interest income was $1.5 billion for the current quarter, an increase of $28 million compared to the prior quarter due primarily to higher earningasset yields, one additional day in the third quarter, and growth in average earning assets. Compared to the prior year, the $125 million increase was drivenprimarily by higher earning asset yields and growth in average earning assets.

3

Net interest margin for the current quarter was 3.15% , compared to 3.14% in the prior quarter and 2.96% in the third quarter of 2016 . The 19 basispoint increase relative to the prior year was driven primarily by higher earning asset yields arising from higher benchmark interest rates, lower premiumamortization in the securities portfolio, and continued positive mix shift in the LHFI portfolio, partially offset by higher rates paid on interest-bearingliabilities.

For the nine months ended September 30 , 2017 , net interest income was $4.3 billion , a $324 million increase compared to the first nine months of2016 . The net interest margin was 3.13% for the first nine months of 2017 , a 14 basis point increase compared to the same period in 2016 . The increasesin both net interest income and net interest margin were driven by the same factors that impacted the prior year comparison discussed above.

Noninterest Income

Noninterest income was $846 million for the current quarter, compared to $827 million for the prior quarter and $889 million for the third quarter of2016 . The $19 million sequential increase was due primarily to higher capital markets and mortgage-related income, offset partially by lower clienttransaction-related fees and commercial real estate related income. Compared to the third quarter of 2016 , noninterest income decrease d $43 million drivenby reduced mortgage-related income, partially offset by higher investment banking income.

Investment banking income was $166 million for the current quarter, compared to $147 million in both the prior quarter and prior year. The $19 millionincrease compared to both periods was due to strong deal flow activity across most product categories, particularly equity offerings, M&A advisory, andsyndicated finance.

Trading income was $51 million for the current quarter, compared to $46 million in the prior quarter and $65 million in the third quarter of 2016 . Thesequential increase was due to higher client-related interest rate hedging activity during the current quarter. The decrease compared to the third quarter of2016 was driven by lower client trading activity and higher counterparty credit valuation reserves during the current quarter.

Mortgage production income for the current quarter was $61 million , compared to $56 million for the prior quarter and $118 million for the thirdquarter of 2016 . The $5 million sequential increase was due to higher gain-on-sale margins. The $57 million decrease from the third quarter of 2016 wasdue to less refinancing activity and lower gain-on-sale margins. Mortgage application volume decreased 7% sequentially and 35% compared to the thirdquarter of 2016 . Closed loan volume decreased 4% sequentially and 27% compared to the third quarter of 2016 .

Mortgage servicing income was $46 million for the current quarter, compared to $44 million in the prior quarter and $49 million in the third quarter of2016 . The $2 million sequential increase was due to higher net hedge performance, offset partially by higher servicing asset decay. The $3 million decreasecompared to the third quarter of 2016 was due to lower net hedge performance and higher servicing asset decay in the current quarter, offset partially byhigher servicing fees. At September 30, 2017 and 2016 , the servicing portfolio totaled $165.3 billion and $154.0 billion , respectively, and was $165.6billion at June 30, 2017 .

Retail investment services income was $69 million for the current quarter, compared to $70 million in the prior quarter and $71 million in the thirdquarter of 2016 . The decrease compared to both prior periods was due primarily to reduced client transaction activity, partially offset by higher assets undermanagement.

Trust and investment management income was $79 million for the current quarter, compared to $76 million for the prior quarter and $80 million for thethird quarter of 2016 . The $3 million sequential increase was primarily related to seasonally higher trust fees in the current quarter.

Client transaction-related fees (namely service charges on deposits, other charges and fees, and card fees) decreased $9 million sequentially due largelyto higher bridge and commitment fees recognized in the prior quarter. Compared to the third quarter of 2016 , client transaction-related fees decreased $6million due to the impact of the enhanced posting order process instituted during the fourth quarter of 2016.

4

Commercial real estate related income was $17 million for the current quarter, compared to $24 million for the prior quarter and $8 million for the thirdquarter of 2016 . The $7 million sequential decrease was due to lower production volume from Pillar & Cohen Financial ("Pillar") and lower structured realestate-related income. The $9 million increase compared to the third quarter of 2016 was attributable to revenue from Pillar, which the Company acquired inDecember 2016.

Other noninterest income was $25 million for the current quarter, compared to $22 million in the prior quarter and $13 million in the third quarter of2016 . The $3 million sequential increase was due primarily to investment income recognized in the current quarter. The $12 million increase compared tothe prior year was due primarily to certain asset-related impairment charges recognized in the prior year.

For the nine months ended September 30 , 2017 , noninterest income was $2.5 billion , a decrease of $49 million compared to the first nine months of2016 as higher capital markets and commercial real estate related income were offset by lower mortgage-related income and other noninterest income aswell as reduced service charges on deposit accounts.

Noninterest Expense

Noninterest expense was $1.4 billion in the current quarter, representing a sequential increase of $3 million and a decrease of $18 million compared tothe third quarter of 2016 . The sequential increase was driven primarily by higher severance costs, software writedowns, and personnel costs, offset by thefavorable resolution of several legal matters during the current quarter. The decrease relative to the prior year was driven primarily by aforementioned legalaccrual reversals and reduced outside processing and software costs, offset partially by higher employee compensation costs and higher other noninterestexpense (which was driven by elevated severance costs and software writedowns).

Employee compensation and benefits expense was $806 million in the current quarter, compared to $796 million in the prior quarter and $773 million inthe third quarter of 2016 . The sequential increase of $10 million was due to higher incentive compensation related to improved business performance,offset partially by a decline in FICA taxes and 401(k) costs. The $33 million increase compared to the third quarter of 2016 was due primarily toincremental compensation costs associated with improved business performance and the acquisition of Pillar.

Operating (gains)/losses were ($34) million in the current quarter, compared to $19 million in the prior quarter and $35 million in the third quarter of2016 . The decrease relative to both periods was driven by the favorable resolution of several legal matters, which aggregated to $58 million, during thecurrent quarter.

Outside processing and software expense was $203 million in the current quarter, compared to $204 million in the prior quarter and $225 million in thethird quarter of 2016 . The decrease compared to the third quarter of 2016 was driven primarily by lower transaction volume, efficiencies generated withthird party providers, and insourcing of certain activities, partially offset by higher software related investments .

Marketing and customer development expense was $45 million in the current quarter, compared to $42 million in the prior quarter and $38 million inthe third quarter of 2016 . The increase relative to both prior periods was driven by normal variability in advertising and client development costs.

Amortization expense increased $7 million sequentially, primarily due to an increase in amortizable community development investments. Theseinvestments generate tax credits which reduce the provision for income taxes over time.

Other noninterest expense was $168 million in the current quarter, compared to $126 million in the prior quarter and $140 million in the third quarter of2016 . The increase compared to both prior periods was due primarily to higher severance costs and software writedowns recognized in the current quarter(both of which are associated with ongoing efficiency initiatives).

5

For the nine months ended September 30 , 2017 , noninterest expense was $4.2 billion compared to $4.1 billion for the first nine months of 2016 . The$171 million increase was driven largely by higher employee compensation expense (primarily related to higher revenue and the acquisition of Pillar), netoccupancy costs (in part due to the reduction of amortized gains), other noninterest expense (related to higher severance costs and the aforementionedsoftware writedowns in the current quarter), and higher FDIC premiums. These increases were offset partially by the aforementioned favorable resolution ofseveral legal matters and lower outside processing costs.

Income Taxes

For the current quarter, the Company recorded an income tax provision of $225 million , compared to $222 million for the prior quarter and $215million for the third quarter of 2016 . The effective tax rate for the current quarter was 29% , compared to 30% in the prior quarter and 31% in the thirdquarter of 2016 .

Balance Sheet

At September 30, 2017 , the Company had total assets of $208.3 billion and total shareholders’ equity of $24.5 billion , representing 12% of total assets.Book value per common share was $47.16 and tangible book value per common share was $34.34 , up 1% and 2% , respectively, compared to June 30,2017 , driven primarily by growth in retained earnings.

Loans

Average performing LHFI were $144.0 billion for the current quarter, relatively stable compared to the prior quarter and a 2% increase over the thirdquarter of 2016 . The year-over-year growth was driven primarily by increases in consumer lending, offset partially by declines in home equity products andC&I loans.

Deposits

Average consumer and commercial deposits for the current quarter were $159.4 billion , a modest increase over the prior quarter and a 3% increase overthe third quarter of 2016 . The sequential growth was due largely to a 10% increase in time deposits, offset partially by declines in both money market andsavings account balances. The year-over-year growth was driven primarily by increases in NOW and time deposit account balances.

Capital and Liquidity

The Company’s estimated capital ratios were well above current regulatory requirements with the Common Equity Tier 1 ratio estimated to be 9.6% atSeptember 30, 2017 , and 9.5% on a fully phased-in basis. The ratios of average total equity to average total assets and tangible common equity to tangibleassets were 11.9% and 8.1% , respectively, at September 30 , 2017 . The Company continues to have substantial available liquidity in the form of cash,high-quality government-backed or government-sponsored securities, and other available contingency funding sources.

The Company declared a common stock dividend of $0.40 per common share in the third quarter of 2017 , a 54% increase from the prior quarter.Additionally, the Company repurchased $330 million of its outstanding common stock in the third quarter of 2017 , and the Company expects to repurchaseapproximately $1 billion of additional common stock over the next three quarters in accordance with its 2017 Capital Plan.

6

Asset Quality

Total nonperforming assets ("NPAs") were $792 million at September 30, 2017 , down $29 million compared to the prior quarter and $227 millioncompared to the third quarter of 2016 . The decrease in NPAs compared to both the prior quarter and the prior year was primarily driven by continuedimprovements in the energy and residential portfolios. The ratio of NPLs to period-end LHFI was 0.48% , 0.52% , and 0.67% at September 30 , 2017 , June30 , 2017 , and September 30 , 2016 , respectively.

Net charge-offs were $78 million during the current quarter, an increase of $8 million compared to the prior quarter and a decrease of $48 millioncompared to the third quarter of 2016 . The modest sequential increase was driven by higher net charge-offs associated with CRE and consumer indirect,while the year-over-year decrease was driven by overall asset quality improvements as well as lower energy-related net charge-offs. The ratio of annualizednet charge-offs to total average LHFI was 0.21% during the current quarter, compared to 0.20% during the prior quarter and 0.35% during the third quarterof 2016 . The provision for credit losses was $120 million in the current quarter, an increase of $30 million compared to the prior quarter and $23 millioncompared to the third quarter of 2016 , in response to anticipated losses from the recent hurricanes.

At September 30 , 2017 , the ALLL was $1.8 billion , which represented 1.23% of period-end loans, a 3 basis point increase relative to June 30 , 2017 .

Early stage delinquencies increased 5 basis points from the prior quarter to 0.71% at September 30 , 2017 . Excluding government-guaranteed loanswhich account for 0.42% , early stage delinquencies were 0.29% , up 7 basis points compared to the prior quarter and up 4 basis points from a year ago,primarily resulting from impacts associated with the recent hurricanes.

7

OTHER INFORMATION

About SunTrust Banks, Inc.SunTrust Banks, Inc. is a purpose-driven company dedicated to Lighting the Way to Financial Well-Being for the people, businesses, and communities

it serves. Headquartered in Atlanta, the Company has two business segments: Consumer and Wholesale . Its flagship subsidiary, SunTrust Bank, operates anextensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states, along with 24-hour digital access. Certain business linesserve consumer, commercial, corporate, and institutional clients nationally. As of September 30, 2017 , SunTrust had total assets of $208 billion and totaldeposits of $163 billion . The Company provides deposit, credit, trust, investment, mortgage, asset management, securities brokerage, and capital marketservices. SunTrust leads onUp, a national movement inspiring Americans to build financial confidence. Join the movement at onUp.com.

Business Segment ResultsThe Company has included its business segment financial tables as part of this release. Revenue and income amounts labeled "FTE" in the business

segment tables are reported on a fully taxable-equivalent basis. In the second quarter of 2017, the Company realigned its business segment structure fromthree segments to two segments in conjunction with the Company-wide organizational changes that were announced during the first quarter of 2017.Specifically, the Company retained the previous composition of the Wholesale Banking segment and changed the basis of presentation of the ConsumerBanking and Private Wealth Management segment and Mortgage Banking segment such that those segments were combined into a single Consumersegment. In conjunction with this business segment structure realignment, the Company made certain adjustments to its internal funds transfer pricingmethodology. Information for periods prior to the second quarter of 2017 was revised to conform to the new business segment structure and the updatedinternal funds transfer pricing methodology.

For the business segments, net interest income is computed using matched-maturity funds transfer pricing and noninterest income includes federal andstate tax credits that are grossed-up on a pre-tax equivalent basis. Further, provision/(benefit) for credit losses represents net charge-offs by segmentcombined with an allocation to the segments of the provision/(benefit) attributable to each segment's quarterly change in the allowance for loan and leaselosses ("ALLL") and unfunded commitments reserve balances. SunTrust also reports results for Corporate Other, which includes the Treasury department aswell as the residual expense associated with operational and support expense allocations. The Corporate Other segment also includes differences createdbetween internal management accounting practices and U.S. Generally Accepted Accounting Principles ("U.S. GAAP") and certain matched-maturity fundstransfer pricing credits and charges. A detailed discussion of the business segment results will be included in the Company’s forthcoming Form 10-Q .

Corresponding Financial Tables and InformationInvestors are encouraged to review the foregoing summary and discussion of SunTrust’s earnings and financial condition in conjunction with the

detailed financial tables and information which SunTrust has also published today and SunTrust’s forthcoming Form 10-Q . Detailed financial tables andother information are also available at investors.suntrust.com . This information is also included in a current report on Form 8-K furnished with the SECtoday.

Conference CallSunTrust management will host a conference call on October 20 , 2017 , at 8:00 a.m. (Eastern Time) to discuss the earnings results and business

trends. Individuals may call in beginning at 7:45 a.m. (Eastern Time) by dialing 1-877-209-9920 (Passcode: SunTrust). Individuals calling from outside theUnited 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 October20 , 2017 , and will remain available until November 20, 2017 , by dialing 1-800-475-6701 (domestic) or 1-320-365-3844 (international) (Passcode:430305). Alternatively, individuals may listen to the live webcast of the presentation by visiting the SunTrust investor relations website atinvestors.suntrust.com. Beginning the afternoon of October 20 , 2017 , listeners may access an archived version of the webcast in the “Events &Presentations” section of the investor relations website. This webcast will be archived and available for one year.

8

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

measures are provided in the appendix to this news release beginning at page 22 .In this news release, consistent with Securities and Exchange Commission Industry Guide 3, the Company presents total revenue, net interest income,

net interest margin, and efficiency ratios on a fully taxable equivalent (“FTE”) basis, and ratios on an annualized basis. The FTE basis adjusts for the tax-favored status of net interest income from certain loans and investments using a federal tax rate of 35% and state income taxes where applicable to increasetax-exempt interest income to a taxable-equivalent basis. The Company believes this measure to be the preferred industry measurement of net interestincome and it enhances comparability of net interest income arising from taxable and tax-exempt sources. Total revenue-FTE equals net interest income-FTE plus noninterest income.

The Company presents the following additional non-GAAP measures because many investors find them useful. Specifically:• The Company presents certain capital information on a tangible basis, including tangible equity, tangible common equity, the ratio of tangible

equity to tangible assets, the ratio of tangible common equity to tangible assets, tangible book value per share, and the return on tangible commonshareholders’ equity, which removes the after-tax impact of purchase accounting intangible assets from shareholders' equity and removes relatedintangible asset amortization from net income available to common shareholders. The Company believes these measures are useful to investorsbecause, by removing the amount of intangible assets that result from merger and acquisition activity and amortization expense (the level of whichmay vary from company to company), it allows investors to more easily compare the Company’s capital position and return on average tangiblecommon shareholders' equity to other companies in the industry who present similar measures. The Company also believes that removing theseitems provides a more relevant measure of the return on the Company's common shareholders' equity. These measures are utilized by managementto assess the capital adequacy and profitability of the Company.

• Similarly, the Company presents an efficiency ratio-FTE and a tangible efficiency ratio-FTE. The efficiency ratio is computed by dividingnoninterest expense by total revenue. Efficiency ratio-FTE is computed by dividing noninterest expense by total revenue-FTE. The tangibleefficiency ratio-FTE excludes the amortization related to intangible assets and certain tax credits. The Company believes this measure is useful toinvestors because, by removing the impact of amortization (the level of which may vary from company to company), it allows investors to moreeasily compare the Company’s efficiency to other companies in the industry. This measure is utilized by management to assess the efficiency of theCompany and its lines of business.

• The Company presents the Basel III Common Equity Tier 1 (CET1) ratio, on a fully phased-in basis. The fully phased-in ratio considers a 250%risk-weighting for MSRs and deduction from capital of certain carryforward DTAs, the overfunded pension asset, and other intangible assets. TheCompany believes this measure is useful to investors who wish to understand the Company's current compliance with future regulatoryrequirements.

Important Cautionary Statement About Forward-Looking StatementsThis news release contains forward-looking statements. Statements regarding potential future share repurchases and the provision for income taxes are

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

Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on suchstatements. Actual results may differ materially from those set forth in the forward looking statements. Future dividends, and the amount of any suchdividend, must be declared by our board of directors in the future in their discretion. Also, future share repurchases and the timing of any such repurchaseare subject to market conditions and management's discretion. Additional factors that could cause actual results to differ materially from those described inthe forward-looking statements can be found in Part I, “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2016and in other periodic reports that we file with the SEC.

9

SunTrust Banks, Inc. and SubsidiariesFINANCIAL HIGHLIGHTS

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

Three Months Ended September 30 % Nine Months Ended September 30 %

2017 2016 Change 2017 2016 Change

EARNINGS & DIVIDENDS

Net income $538 $474 14 % $1,533 $1,413 8 %

Net income available to common shareholders 512 457 12 1,468 1,363 8

Total revenue 2,276 2,197 4 6,719 6,446 4

Total revenue-FTE 1 2,313 2,231 4 6,826 6,551 4

Net income per average common share:

Diluted $1.06 $0.91 16 % $3.00 $2.70 11 %

Basic 1.07 0.92 16 3.04 2.72 12

Dividends paid per common share 0.40 0.26 54 0.92 0.74 24

CONDENSED BALANCE SHEETS

Selected Average Balances:

Total assets $205,738 $201,476 2 % $204,833 $197,613 4 %

Earning assets 184,861 180,523 2 184,180 177,600 4

Loans held for investment ("LHFI") 144,706 142,257 2 144,276 140,628 3

Intangible assets including mortgage servicing rights ("MSRs") 8,009 7,415 8 8,019 7,509 7

MSRs 1,589 1,065 49 1,599 1,157 38

Consumer and commercial deposits 159,419 155,313 3 159,145 152,911 4

Total shareholders’ equity 24,573 24,410 1 24,131 24,076 —

Preferred stock 1,975 1,225 61 1,643 1,225 34

Period End Balances:

Total assets $208,252 $205,091 2 %

Earning assets 185,071 181,341 2

LHFI 144,264 141,532 2

Allowance for loan and lease losses ("ALLL") 1,772 1,743 2

Consumer and commercial deposits 161,778 157,592 3

Total shareholders’ equity 24,522 24,449 —

FINANCIAL RATIOS & OTHER DATA

Return on average total assets 1.04% 0.94% 11 % 1.00% 0.96% 4 %

Return on average common shareholders’ equity 9.03 7.89 14 8.77 8.01 9

Return on average tangible common shareholders' equity 1 12.45 10.73 16 12.09 10.96 10

Net interest margin 3.07 2.88 7 3.05 2.92 4

Net interest margin-FTE 1 3.15 2.96 6 3.13 2.99 5

Efficiency ratio 61.12 64.13 (5) 63.16 63.17 —

Efficiency ratio-FTE 1 60.14 63.14 (5) 62.17 62.16 —

Tangible efficiency ratio-FTE 1 59.21 62.54 (5) 61.44 61.63 —

Effective tax rate 29 31 (6) 28 30 (7)

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

Common Equity Tier 1 ("CET1") 9.62% 9.78% (2)%

Tier 1 capital 10.74 10.50 2

Total capital 12.69 12.57 1

Leverage 9.50 9.28 2

Basel III fully phased-in CET1 ratio 1, 2 9.48 9.66 (2)

Total average shareholders’ equity to total average assets 11.94% 12.12% (1)% 11.78 12.18 (3)

Tangible equity to tangible assets 1 9.12 9.23 (1)

Tangible common equity to tangible assets 1 8.10 8.57 (5)

Book value per common share $47.16 $46.63 1

Tangible book value per common share 1 34.34 34.33 —

Market capitalization 28,451 21,722 31

Average common shares outstanding:

Diluted 483,640 500,885 (3) 489,176 505,619 (3)

Basic 478,258 496,304 (4) 483,711 501,036 (3)

Full-time equivalent employees 24,215 23,854 2

Number of ATMs 2,108 2,163 (3)

Full service banking offices 1,275 1,369 (7)

1 See Appendix A for additional information and reconcilements of non-U.S. GAAP performance measures.

2 Current period capital ratios are estimated as of the earnings release date.

10

SunTrust Banks, Inc. and SubsidiariesFIVE QUARTER FINANCIAL HIGHLIGHTS

Three Months Ended

September 30 June 30 March 31 December 31 September 30

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

EARNINGS & DIVIDENDS

Net income $538 $528 $468 $465 $474

Net income available to common shareholders 512 505 451 448 457

Total revenue 2,276 2,230 2,213 2,158 2,197

Total revenue-FTE 1 2,313 2,266 2,247 2,192 2,231


Diluted $1.06 $1.03 $0.91 $0.90 $0.91

Basic 1.07 1.05 0.92 0.91 0.92

Dividends paid per common share 0.40 0.26 0.26 0.26 0.26

CONDENSED BALANCE SHEETS Selected Average Balances:

Total assets $205,738 $204,494 $204,252 $203,146 $201,476

Earning assets 184,861 184,057 183,606 182,475 180,523

LHFI 144,706 144,440 143,670 142,578 142,257

Intangible assets including MSRs 8,009 8,024 8,026 7,654 7,415

MSRs 1,589 1,603 1,604 1,291 1,065

Consumer and commercial deposits 159,419 159,136 158,874 157,996 155,313

Total shareholders’ equity 24,573 24,139 23,671 24,044 24,410

Preferred stock 1,975 1,720 1,225 1,225 1,225

Period End Balances:

Total assets $208,252 $207,223 $205,642 $204,875 $205,091

Earning assets 185,071 184,518 183,279 184,610 181,341

LHFI 144,264 144,268 143,529 143,298 141,532

ALLL 1,772 1,731 1,714 1,709 1,743

Consumer and commercial deposits 161,778 158,319 161,531 158,864 157,592

Total shareholders’ equity 24,522 24,477 23,484 23,618 24,449

FINANCIAL RATIOS & OTHER DATA

Return on average total assets 1.04% 1.03% 0.93% 0.91% 0.94%

Return on average common shareholders’ equity 9.03 9.08 8.19 7.85 7.89

Return on average tangible common shareholders' equity 1 12.45 12.51 11.28 10.76 10.73

Net interest margin 3.07 3.06 3.02 2.93 2.88

Net interest margin-FTE 1 3.15 3.14 3.09 3.00 2.96

Efficiency ratio 61.12 62.24 66.20 64.74 64.13

Efficiency ratio-FTE 1 60.14 61.24 65.19 63.73 63.14

Tangible efficiency ratio-FTE 1 59.21 60.59 64.60 63.08 62.54

Effective tax rate 29 30 25 29 31

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

CET1 9.62% 9.68% 9.69% 9.59% 9.78%

Tier 1 capital 10.74 10.81 10.40 10.28 10.50

Total capital 12.69 12.75 12.37 12.26 12.57

Leverage 9.50 9.55 9.08 9.22 9.28

Basel III fully phased-in CET1 ratio 1, 2 9.48 9.53 9.54 9.43 9.66

Total average shareholders’ equity to total average assets 11.94 11.80 11.59 11.84 12.12

Tangible equity to tangible assets 1 9.12 9.15 8.72 8.82 9.23

Tangible common equity to tangible assets 1 8.10 8.11 8.06 8.15 8.57

Book value per common share $47.16 $46.51 $45.62 $45.38 $46.63

Tangible book value per common share 1 34.34 33.83 33.05 32.95 34.33

Market capitalization 28,451 27,319 26,860 26,942 21,722


Diluted 483,640 488,020 496,002 497,055 500,885

Basic 478,258 482,913 490,091 491,497 496,304

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

Number of ATMs 2,108 2,104 2,132 2,165 2,163

Full service banking offices 1,275 1,281 1,316 1,367 1,369

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

11

SunTrust Banks, Inc. and SubsidiariesCONSOLIDATED STATEMENTS OF INCOME

Three Months Ended

Increase/(Decrease) Nine Months Ended

Increase/(Decrease)


September 30 September 30

2017 2016 Amount % 3 2017 2016 Amount %

Interest income $1,635 $1,451 $184 13 % $4,747 $4,285 $462 11 %

Interest expense 205 143 62 43 548 408 140 34

NET INTEREST INCOME 1,430 1,308 122 9 4,199 3,877 322 8

Provision for credit losses 120 97 23 24 330 343 (13) (4)

NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 1,310 1,211 99 8 3,869 3,534 335 9

NONINTEREST INCOME

Service charges on deposit accounts 154 162 (8) (5) 453 477 (24) (5)

Other charges and fees 92 93 (1) (1) 291 290 1 —

Card fees 86 83 3 4 255 243 12 5

Investment banking income 166 147 19 13 480 372 108 29

Trading income 51 65 (14) (22) 148 154 (6) (4)

Trust and investment management income 79 80 (1) (1) 229 230 (1) —

Retail investment services 69 71 (2) (3) 208 212 (4) (2)

Mortgage production related income 61 118 (57) (48) 170 288 (118) (41)

Mortgage servicing related income 46 49 (3) (6) 148 164 (16) (10)

Commercial real estate related income 1 17 8 9 NM 61 36 25 69

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

Other noninterest income 1 25 13 12 92 76 99 (23) (23)

Total noninterest income 846 889 (43) (5) 2,520 2,569 (49) (2)

NONINTEREST EXPENSE

Employee compensation and benefits 806 773 33 4 2,454 2,309 145 6

Outside processing and software 203 225 (22) (10) 612 626 (14) (2)

Net occupancy expense 94 93 1 1 280 256 24 9

Equipment expense 40 44 (4) (9) 123 126 (3) (2)

Regulatory assessments 47 47 — — 143 127 16 13

Marketing and customer development 45 38 7 18 129 120 9 8

Operating (gains)/losses (34) 35 (69) NM 17 85 (68) (80)

Amortization 22 14 8 57 49 35 14 40

Other noninterest expense 168 140 28 20 436 388 48 12

Total noninterest expense 1,391 1,409 (18) (1) 4,243 4,072 171 4

INCOME BEFORE PROVISION FOR INCOME TAXES 765 691 74 11 2,146 2,031 115 6

Provision for income taxes 225 215 10 5 606 611 (5) (1)NET INCOME INCLUDING INCOME ATTRIBUTABLE TO

NONCONTROLLING INTEREST 540 476 64 13 1,540 1,420 120 8

Net income attributable to noncontrolling interest 2 2 — — 7 7 — —

NET INCOME $538 $474 $64 14 % $1,533 $1,413 $120 8 %

NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $512 $457 $55 12 % $1,468 $1,363 $105 8 %

Net interest income-FTE 2 1,467 1,342 125 9 4,306 3,982 324 8

Total revenue 2,276 2,197 79 4 6,719 6,446 273 4

Total revenue-FTE 2 2,313 2,231 82 4 6,826 6,551 275 4


Diluted 1.06 0.91 0.15 16 3.00 2.70 0.30 11

Basic 1.07 0.92 0.15 16 3.04 2.72 0.32 12

Cash dividends paid per common share 0.40 0.26 0.14 54 0.92 0.74 0.18 24


Diluted 483,640 500,885 (17,245) (3) 489,176 505,619 (16,443) (3)

Basic 478,258 496,304 (18,046) (4) 483,711 501,036 (17,325) (3)

1 Beginning January 1, 2017, the Company began presenting income related to the Company's Pillar & Cohen Financial, Community Capital, and Structured Real Estate businesses as a separate line item on the Consolidated Statementsof Income titled Commercial real estate related income. For periods prior to January 1, 2017, these amounts were previously presented in Other noninterest income and have been reclassified to Commercial real estate related incomefor comparability.

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

12

SunTrust Banks, Inc. and SubsidiariesFIVE QUARTER CONSOLIDATED STATEMENTS OF INCOME

Three Months Ended Three Months Ended

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

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

2017 2017 Amount % 3 2017 2016 2016

Interest income $1,635 $1,583 $52 3 % $1,528 $1,492 $1,451

Interest expense 205 180 25 14 162 149 143

NET INTEREST INCOME 1,430 1,403 27 2 1,366 1,343 1,308

Provision for credit losses 120 90 30 33 119 101 97

NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 1,310 1,313 (3) — 1,247 1,242 1,211

NONINTEREST INCOME

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

Other charges and fees 92 103 (11) (11) 95 90 93

Card fees 86 87 (1) (1) 82 84 83

Investment banking income 166 147 19 13 167 122 147

Trading income 51 46 5 11 51 58 65

Trust and investment management income 79 76 3 4 75 73 80

Retail investment services 69 70 (1) (1) 68 69 71

Mortgage production related income 61 56 5 9 53 78 118

Mortgage servicing related income 46 44 2 5 58 25 49

Commercial real estate related income 1 17 24 (7) (29) 20 33 8

Net securities gains — 1 (1) (100) — — —

Other noninterest income 1 25 22 3 14 30 29 13

Total noninterest income 846 827 19 2 847 815 889

NONINTEREST EXPENSE

Employee compensation and benefits 806 796 10 1 852 762 773

Outside processing and software 203 204 (1) — 205 209 225

Net occupancy expense 94 94 — — 92 94 93

Equipment expense 40 43 (3) (7) 39 43 44

Regulatory assessments 47 49 (2) (4) 48 46 47

Marketing and customer development 45 42 3 7 42 52 38

Operating (gains)/losses (34) 19 (53) NM 32 23 35

Amortization 22 15 7 47 13 14 14

Other noninterest expense 168 126 42 33 142 154 140

Total noninterest expense 1,391 1,388 3 — 1,465 1,397 1,409

INCOME BEFORE PROVISION FOR INCOME TAXES 765 752 13 2 629 660 691

Provision for income taxes 225 222 3 1 159 193 215NET INCOME INCLUDING INCOME ATTRIBUTABLE TO

NONCONTROLLING INTEREST 540 530 10 2 470 467 476

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

NET INCOME $538 $528 $10 2 % $468 $465 $474

NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $512 $505 $7 1 % $451 $448 $457

Net interest income-FTE 2 1,467 1,439 28 2 1,400 1,377 1,342

Total revenue 2,276 2,230 46 2 2,213 2,158 2,197

Total revenue-FTE 2 2,313 2,266 47 2 2,247 2,192 2,231


Diluted 1.06 1.03 0.03 3 0.91 0.90 0.91

Basic 1.07 1.05 0.02 2 0.92 0.91 0.92

Cash dividends paid per common share 0.40 0.26 0.14 54 0.26 0.26 0.26


Diluted 483,640 488,020 (4,380) (1) 496,002 497,055 500,885

Basic 478,258 482,913 (4,655) (1) 490,091 491,497 496,304

1 Beginning January 1, 2017, the Company began presenting income related to the Company's Pillar & Cohen Financial, Community Capital, and Structured Real Estate businesses as a separate line item on the Consolidated Statementsof Income titled Commercial real estate related income. For periods prior to January 1, 2017, these amounts were previously presented in Other noninterest income and have been reclassified to Commercial real estate related incomefor comparability.

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

13

SunTrust Banks, Inc. and SubsidiariesCONSOLIDATED BALANCE SHEETS

September 30 (Decrease)/Increase

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

ASSETS

Cash and due from banks $7,071 $8,019 ($948) (12)%

Federal funds sold and securities borrowed or purchased under agreements to resell 1,182 1,697 (515) (30)

Interest-bearing deposits in other banks 25 24 1 4

Trading assets and derivative instruments 6,318 7,044 (726) (10)

Securities available for sale 31,444 29,672 1,772 6

Loans held for sale ("LHFS") 2,835 3,772 (937) (25)

Loans held for investment ("LHFI"):

Commercial and industrial ("C&I") 67,758 68,298 (540) (1)

Commercial real estate ("CRE") 5,238 5,056 182 4

Commercial construction 3,964 3,875 89 2

Residential mortgages - guaranteed 497 521 (24) (5)

Residential mortgages - nonguaranteed 27,041 26,306 735 3

Residential home equity products 10,865 12,178 (1,313) (11)

Residential construction 327 393 (66) (17)

Consumer student - guaranteed 6,559 5,844 715 12

Consumer other direct 8,597 7,358 1,239 17

Consumer indirect 11,952 10,434 1,518 15

Consumer credit cards 1,466 1,269 197 16

Total LHFI 144,264 141,532 2,732 2

Allowance for loan and lease losses ("ALLL") (1,772) (1,743) 29 2

Net LHFI 142,492 139,789 2,703 2

Goodwill 6,338 6,337 1 —

MSRs 1,628 1,119 509 45

Other assets 8,919 7,618 1,301 17

Total assets 1 $208,252 $205,091 $3,161 2 %

LIABILITIES

Deposits:

Noninterest-bearing consumer and commercial deposits $43,984 $43,835 $149 — %

Interest-bearing consumer and commercial deposits:

NOW accounts 47,213 43,093 4,120 10

Money market accounts 52,487 54,763 (2,276) (4)

Savings 6,505 6,256 249 4

Consumer time 5,735 5,659 76 1

Other time 5,854 3,986 1,868 47

Total consumer and commercial deposits 161,778 157,592 4,186 3

Brokered time deposits 959 950 9 1

Foreign deposits — 300 (300) (100)

Total deposits 162,737 158,842 3,895 2

Funds purchased 3,118 2,226 892 40

Securities sold under agreements to repurchase 1,422 1,724 (302) (18)

Other short-term borrowings 909 949 (40) (4)

Long-term debt 11,280 11,866 (586) (5)

Trading liabilities and derivative instruments 1,284 1,484 (200) (13)

Other liabilities 2,980 3,551 (571) (16)

Total liabilities 183,730 180,642 3,088 2

SHAREHOLDERS' EQUITY

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

Common stock, $1.00 par value 550 550 — —

Additional paid-in capital 8,985 9,009 (24) —

Retained earnings 17,021 15,681 1,340 9

Treasury stock, at cost, and other (3,274) (2,131) 1,143 54

Accumulated other comprehensive (loss)/income, net of tax (735) 115 (850) NM

Total shareholders' equity 24,522 24,449 73 —

Total liabilities and shareholders' equity $208,252 $205,091 $3,161 2 %

Common shares outstanding 476,001 495,936 (19,935) (4)%

Common shares authorized 750,000 750,000 — —

Preferred shares outstanding 20 12 8 67

Preferred shares authorized 50,000 50,000 — —

Treasury shares of common stock 74,053 53,985 20,068 371 Includes earning assets of $185,071 and $181,341 at September 30 , 2017 and 2016 , respectively.2 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

14

SunTrust Banks, Inc. and SubsidiariesFIVE QUARTER CONSOLIDATED BALANCE SHEETS



2017 2017 Amount % 2017 2016 2016

ASSETS

Cash and due from banks $7,071 $6,968 $103 1 % $6,957 $5,091 $8,019

Federal funds sold and securities borrowed or purchased under agreements to resell 1,182 1,249 (67) (5) 1,292 1,307 1,697

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

Trading assets and derivative instruments 6,318 5,847 471 8 6,007 6,067 7,044

Securities available for sale 31,444 31,142 302 1 31,127 30,672 29,672

LHFS 2,835 2,826 9 — 2,109 4,169 3,772

LHFI:

C&I 67,758 68,511 (753) (1) 68,971 69,213 68,298

CRE 5,238 5,250 (12) — 5,067 4,996 5,056

Commercial construction 3,964 4,019 (55) (1) 4,215 4,015 3,875

Residential mortgages - guaranteed 497 501 (4) (1) 549 537 521

Residential mortgages - nonguaranteed 27,041 26,594 447 2 26,110 26,137 26,306

Residential home equity products 10,865 11,173 (308) (3) 11,511 11,912 12,178

Residential construction 327 364 (37) (10) 380 404 393

Consumer student - guaranteed 6,559 6,543 16 — 6,396 6,167 5,844

Consumer other direct 8,597 8,249 348 4 7,904 7,771 7,358

Consumer indirect 11,952 11,639 313 3 11,067 10,736 10,434

Consumer credit cards 1,466 1,425 41 3 1,359 1,410 1,269

Total LHFI 144,264 144,268 (4) — 143,529 143,298 141,532

ALLL (1,772) (1,731) 41 2 (1,714) (1,709) (1,743)

Net LHFI 142,492 142,537 (45) — 141,815 141,589 139,789

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

MSRs 1,628 1,608 20 1 1,645 1,572 1,119

Other assets 8,919 8,684 235 3 8,327 8,046 7,618

Total assets 1 $208,252 $207,223 $1,029 — % $205,642 $204,875 $205,091

LIABILITIES

Deposits:

Noninterest-bearing consumer and commercial deposits $43,984 $44,006 ($22) — % $43,437 $43,431 $43,835

Interest-bearing consumer and commercial deposits:

NOW accounts 47,213 43,973 3,240 7 46,222 45,534 43,093

Money market accounts 52,487 53,000 (513) (1) 55,261 54,166 54,763

Savings 6,505 6,599 (94) (1) 6,668 6,266 6,256

Consumer time 5,735 5,610 125 2 5,495 5,534 5,659

Other time 5,854 5,131 723 14 4,448 3,933 3,986

Total consumer and commercial deposits 161,778 158,319 3,459 2 161,531 158,864 157,592

Brokered time deposits 959 944 15 2 917 924 950

Foreign deposits — 610 (610) (100) 405 610 300

Total deposits 162,737 159,873 2,864 2 162,853 160,398 158,842

Funds purchased 3,118 3,007 111 4 1,037 2,116 2,226

Securities sold under agreements to repurchase 1,422 1,503 (81) (5) 1,704 1,633 1,724

Other short-term borrowings 909 2,640 (1,731) (66) 1,955 1,015 949

Long-term debt 11,280 10,511 769 7 10,496 11,748 11,866

Trading liabilities and derivative instruments 1,284 1,090 194 18 1,225 1,351 1,484

Other liabilities 2,980 4,122 (1,142) (28) 2,888 2,996 3,551

Total liabilities 183,730 182,746 984 1 182,158 181,257 180,642

SHAREHOLDERS’ EQUITY

Preferred stock, no par value 1,975 1,975 — — 1,225 1,225 1,225

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

Additional paid-in capital 8,985 8,973 12 — 8,966 9,010 9,009

Retained earnings 17,021 16,701 320 2 16,322 16,000 15,681

Treasury stock, at cost, and other (3,274) (2,945) 329 11 (2,712) (2,346) (2,131)

Accumulated other comprehensive (loss)/income, net of tax (735) (777) 42 5 (867) (821) 115

Total shareholders’ equity 24,522 24,477 45 — 23,484 23,618 24,449

Total liabilities and shareholders’ equity $208,252 $207,223 $1,029 — % $205,642 $204,875 $205,091

Common shares outstanding 476,001 481,644 (5,643) (1)% 485,712 491,188 495,936

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

Preferred shares outstanding 20 20 — — 12 12 12

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

Treasury shares of common stock 74,053 68,369 5,684 8 64,301 58,738 53,9851 Includes earning assets of $185,071 , $184,518 , $183,279 , $184,610 , and $181,341 at September 30 , 2017 , June 30 , 2017 , March 31 , 2017 , December 31 , 2016 , and September 30 , 2016 , respectively.

15

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

Three Months Ended (Decrease)/Increase From

September 30, 2017 June 30, 2017 Sequential Quarter Prior Year Quarter

(Dollars in millions) (Unaudited)Average Balances

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") $68,277 $583 3.39% $69,122 $574 3.33% ($845) 0.06 $35 0.26

Commercial real estate ("CRE") 5,227 47 3.57 5,157 44 3.38 70 0.19 (748) 0.65

Commercial construction 3,918 38 3.86 4,105 37 3.63 (187) 0.23 1,009 0.58

Residential mortgages - guaranteed 512 5 3.57 532 4 2.95 (20) 0.62 (28) 0.23

Residential mortgages - nonguaranteed 26,687 255 3.82 26,090 248 3.80 597 0.02 665 0.08

Residential home equity products 10,778 120 4.40 11,113 118 4.27 (335) 0.13 (1,297) 0.47

Residential construction 333 4 4.68 363 4 4.19 (30) 0.49 (46) 0.21

Consumer student - guaranteed 6,535 73 4.44 6,462 71 4.42 73 0.02 830 0.41

Consumer other direct 8,426 104 4.91 8,048 97 4.84 378 0.07 1,336 0.35

Consumer indirect 11,824 105 3.51 11,284 98 3.50 540 0.01 663 0.10

Consumer credit cards 1,450 37 10.32 1,391 35 9.96 59 0.36 226 0.20

Nonaccrual 739 11 5.90 773 8 4.37 (34) 1.53 (196) 4.20

Total LHFI 144,706 1,382 3.79 144,440 1,338 3.72 266 0.07 2,449 0.31

Securities available for sale:

Taxable 30,669 191 2.49 30,654 189 2.47 15 0.02 2,209 0.28

Tax-exempt 504 4 2.99 348 3 3.04 156 (0.05) 323 (0.42)

Total securities available for sale 31,173 195 2.50 31,002 192 2.47 171 0.03 2,532 0.28Federal funds sold and securities borrowed or purchased

under agreements to resell 1,189 3 0.89 1,237 2 0.68 (48) 0.21 18 0.78

Loans held for sale ("LHFS") 2,477 24 3.89 2,222 21 3.86 255 0.03 (390) 0.42

Interest-bearing deposits in other banks 25 — 1.88 25 — 0.62 — 1.26 1 1.50

Interest earning trading assets 5,291 31 2.38 5,131 30 2.33 160 0.05 (272) 0.81

Total earning assets 184,861 1,635 3.51 184,057 1,583 3.45 804 0.06 4,338 0.31

Allowance for loan and lease losses ("ALLL") (1,748) (1,723) 25 (8)

Cash and due from banks 5,023 4,901 122 (419)

Other assets 16,501 16,248 253 1,679

Noninterest earning trading assets and derivative instruments 948 918 30 (590)

Unrealized gains on securities available for sale, net 153 93 60 (754)

Total assets $205,738 $204,494 $1,294 $4,246

LIABILITIES AND SHAREHOLDERS’ EQUITY

Interest-bearing deposits:

NOW accounts $44,604 $37 0.33% $44,437 $30 0.27% $167 0.06 $3,444 0.19

Money market accounts 53,278 43 0.32 54,199 38 0.28 (921) 0.04 (1,222) 0.11

Savings 6,535 — 0.02 6,638 — 0.03 (103) (0.01) 231 (0.01)

Consumer time 5,675 11 0.76 5,555 10 0.71 120 0.05 (51) 0.07

Other time 5,552 16 1.14 4,691 12 1.05 861 0.09 1,571 0.17

Total interest-bearing consumer and commercial deposits 115,644 107 0.37 115,520 90 0.31 124 0.06 3,973 0.14

Brokered time deposits 947 3 1.28 929 3 1.29 18 (0.01) (12) (0.03)

Foreign deposits 295 1 1.13 720 2 0.95 (425) 0.18 165 0.76

Total interest-bearing deposits 116,886 111 0.38 117,169 95 0.32 (283) 0.06 4,126 0.14

Funds purchased 1,689 5 1.15 1,155 3 0.96 534 0.19 905 0.79

Securities sold under agreements to repurchase 1,464 4 1.07 1,572 3 0.89 (108) 0.18 (227) 0.62

Interest-bearing trading liabilities 912 6 2.84 992 6 2.66 (80) 0.18 (18) 0.73

Other short-term borrowings 1,797 3 0.56 2,008 3 0.55 (211) 0.01 531 0.37

Long-term debt 11,204 76 2.70 10,518 70 2.66 686 0.04 (1,053) 0.49

Total interest-bearing liabilities 133,952 205 0.61 133,414 180 0.54 538 0.07 4,264 0.17

Noninterest-bearing deposits 43,775 43,616 159 133

Other liabilities 3,046 2,976 70 (310) Noninterest-bearing trading liabilities and derivative

instruments 392 349 43 12

Shareholders’ equity 24,573 24,139 434 163

Total liabilities and shareholders’ equity $205,738 $204,494 $1,244 $4,262

Interest Rate Spread 2.90% 2.91% (0.01) 0.14

Net Interest Income $1,430 $1,403

Net Interest Income-FTE 2 $1,467 $1,439

Net Interest Margin 3 3.07% 3.06% 0.01 0.19

Net Interest Margin-FTE 2 , 3 3.15 3.14 0.01 0.191 Interest income includes loan fees of $45 million for both the three months ended September 30, 2017 and June 30, 2017 .2 See Appendix A for additional information and reconcilements of non-U.S. GAAP performance measures. Approximately 95% of the total FTE adjustment for both the three months ended September 30, 2017 and June 30, 2017 wasattributed to C&I loans.

3 Net interest margin is calculated by dividing annualized net interest income by average total earning assets.

16

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

Three Months Ended

March 31, 2017 December 31, 2016 September 30, 2016

(Dollars in millions) (Unaudited)AverageBalances


Yields/Rates

AverageBalances


Yields/Rates

Average Balances

InterestIncome/ Expense

Yields/ Rates

ASSETS

LHFI: 1

C&I $69,076 $554 3.25% $68,407 $549 3.19 % $68,242 $536 3.13%

CRE 5,038 39 3.18 5,141 38 2.93 5,975 44 2.92

Commercial construction 4,076 34 3.39 3,852 31 3.22 2,909 24 3.28

Residential mortgages - guaranteed 567 4 3.07 542 4 2.57 540 5 3.34

Residential mortgages - nonguaranteed 25,918 247 3.80 26,065 244 3.75 26,022 243 3.74

Residential home equity products 11,466 116 4.10 11,809 116 3.91 12,075 119 3.93

Residential construction 385 4 4.04 382 4 4.24 379 4 4.47

Consumer student - guaranteed 6,278 65 4.20 5,990 62 4.12 5,705 58 4.03

Consumer other direct 7,819 97 5.02 7,556 88 4.64 7,090 81 4.56

Consumer indirect 10,847 92 3.43 10,633 92 3.44 11,161 96 3.41

Consumer credit cards 1,369 33 9.79 1,324 33 9.93 1,224 31 10.12

Nonaccrual 831 4 2.03 877 8 3.77 935 4 1.70

Total LHFI 143,670 1,289 3.64 142,578 1,269 3.54 142,257 1,245 3.48


Taxable 30,590 185 2.42 29,314 166 2.27 28,460 157 2.21

Tax-exempt 286 2 3.04 273 2 3.08 181 2 3.41

Total securities available for sale 30,876 187 2.42 29,587 168 2.28 28,641 159 2.22

Federal funds sold and securities borrowed or purchased under agreements to resell 1,236 1 0.33 1,332 — (0.03) 1,171 — 0.11

LHFS 2,611 24 3.71 3,570 30 3.42 2,867 25 3.47

Interest-bearing deposits in other banks 25 — 0.64 24 — 0.47 24 — 0.38

Interest earning trading assets 5,188 27 2.09 5,384 25 1.83 5,563 22 1.57

Total earning assets 183,606 1,528 3.38 182,475 1,492 3.25 180,523 1,451 3.20

ALLL (1,700) (1,724) (1,756)

Cash and due from banks 5,556 5,405 5,442

Other assets 15,952 15,375 14,822

Noninterest earning trading assets and derivative instruments 888 1,103 1,538

Unrealized (losses)/gains on securities available for sale, net (50) 512 907

Total assets $204,252 $203,146 $201,476



NOW accounts $44,745 $23 0.21% $42,929 $17 0.16 % $41,160 $15 0.14%

Money market accounts 54,902 34 0.25 54,416 30 0.22 54,500 29 0.21

Savings 6,415 — 0.02 6,259 — 0.03 6,304 — 0.03

Consumer time 5,487 9 0.69 5,599 10 0.69 5,726 10 0.69

Other time 4,232 10 0.97 3,954 10 0.97 3,981 10 0.97

Total interest-bearing consumer and commercial deposits 115,781 76 0.27 113,157 67 0.23 111,671 64 0.23

Brokered time deposits 917 3 1.28 935 3 1.28 959 3 1.31

Foreign deposits 678 1 0.66 308 — 0.45 130 — 0.37

Total interest-bearing deposits 117,376 80 0.28 114,400 70 0.24 112,760 67 0.24

Funds purchased 872 1 0.65 1,008 1 0.43 784 1 0.36

Securities sold under agreements to repurchase 1,715 3 0.61 1,708 2 0.45 1,691 2 0.45

Interest-bearing trading liabilities 1,002 6 2.61 1,146 6 2.13 930 5 2.11

Other short-term borrowings 1,753 2 0.49 978 — 0.11 1,266 — 0.19

Long-term debt 11,563 70 2.45 11,632 70 2.37 12,257 68 2.21

Total interest-bearing liabilities 134,281 162 0.49 130,872 149 0.45 129,688 143 0.44

Noninterest-bearing deposits 43,093 44,839 43,642

Other liabilities 2,860 3,112 3,356

Noninterest-bearing trading liabilities and derivative instruments 347 279 380

Shareholders’ equity 23,671 24,044 24,410

Total liabilities and shareholders’ equity $204,252 $203,146 $201,476

Interest Rate Spread 2.89% 2.80 % 2.76%

Net Interest Income $1,366 $1,343 $1,308

Net Interest Income-FTE 2 $1,400 $1,377 $1,342

Net Interest Margin 3 3.02% 2.93 % 2.88%

Net Interest Margin-FTE 2, 3 3.09 3.00 2.96

1 Interest income includes loan fees of $45 million, $41 million , and $40 million for the three months ended March 31, 2017 , December 31, 2016 , and September 30, 2016 , respectively.2 See Appendix A for additional information and reconcilements of non-U.S. GAAP performance measures. Approximately 95% of the total FTE adjustment for the three months ended March 31, 2017 , December 31, 2016 , andSeptember 30, 2016 was attributed to C&I loans.


17

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

Nine Months Ended

September 30, 2017 September 30, 2016 Increase/(Decrease)

(Dollars in millions) (Unaudited)Average Balances

Interest Income/ Expense

Yields/ Rates

Average Balances

Interest Income/ Expense

Yields/ Rates

Average Balances

Yields/ Rates

ASSETS

LHFI: 1

C&I $68,822 $1,711 3.32% $68,405 $1,599 3.12% $417 0.20

CRE 5,141 130 3.38 6,032 132 2.91 (891) 0.47

Commercial construction 4,032 109 3.63 2,578 63 3.27 1,454 0.36

Residential mortgages - guaranteed 537 13 3.19 587 16 3.72 (50) (0.53)

Residential mortgages - nonguaranteed 26,234 749 3.81 25,383 720 3.78 851 0.03

Residential home equity products 11,117 354 4.26 12,461 368 3.94 (1,344) 0.32

Residential construction 360 12 4.29 374 12 4.44 (14) (0.15)

Consumer student - guaranteed 6,426 209 4.36 5,404 162 4.00 1,022 0.36

Consumer other direct 8,100 298 4.92 6,641 225 4.53 1,459 0.39

Consumer indirect 11,322 295 3.48 10,739 273 3.39 583 0.09

Consumer credit cards 1,404 105 10.03 1,142 87 10.17 262 (0.14)

Nonaccrual 781 24 4.04 882 13 1.98 (101) 2.06

Total LHFI 144,276 4,009 3.72 140,628 3,670 3.49 3,648 0.23


Taxable 30,638 564 2.45 27,847 479 2.29 2,791 0.16

Tax-exempt 380 9 3.01 161 4 3.54 219 (0.53)

Total securities available for sale 31,018 573 2.46 28,008 483 2.30 3,010 0.16Federal funds sold and securities borrowed or purchased under

agreements to resell 1,221 6 0.63 1,210 1 0.15 11 0.48

LHFS 2,436 70 3.82 2,235 62 3.69 201 0.13

Interest-bearing deposits in other banks 25 — 1.05 24 — 0.38 1 0.67

Interest earning trading assets 5,204 89 2.27 5,495 69 1.69 (291) 0.58

Total earning assets 184,180 4,747 3.45 177,600 4,285 3.22 6,580 0.23

ALLL (1,724) (1,754) (30)

Cash and due from banks 5,158 4,863 295

Other assets 16,235 14,713 1,522

Noninterest earning trading assets and derivative instruments 918 1,484 (566)

Unrealized gains on securities available for sale, net 66 707 (641)

Total assets $204,833 $197,613 $7,160



NOW accounts $44,595 $90 0.27% $40,285 $38 0.12% $4,310 0.15

Money market accounts 54,120 114 0.28 53,586 77 0.19 534 0.09

Savings 6,530 1 0.02 6,294 1 0.03 236 (0.01)

Consumer time 5,573 30 0.72 5,937 33 0.75 (364) (0.03)

Other time 4,830 38 1.06 3,892 30 1.01 938 0.05

Total interest-bearing consumer and commercial deposits 115,648 273 0.32 109,994 179 0.22 5,654 0.10

Brokered time deposits 931 9 1.28 924 9 1.34 7 (0.06)

Foreign deposits 563 4 0.86 60 — 0.36 503 0.50

Total interest-bearing deposits 117,142 286 0.33 110,978 188 0.23 6,164 0.10

Funds purchased 1,242 9 0.97 1,071 3 0.36 171 0.61

Securities sold under agreements to repurchase 1,583 10 0.85 1,742 6 0.41 (159) 0.44

Interest-bearing trading liabilities 968 20 2.70 984 17 2.36 (16) 0.34

Other short-term borrowings 1,852 7 0.54 1,611 3 0.25 241 0.29

Long-term debt 11,094 216 2.60 10,477 191 2.44 617 0.16

Total interest-bearing liabilities 133,881 548 0.55 126,863 408 0.43 7,018 0.12

Noninterest-bearing deposits 43,497 42,917 580

Other liabilities 2,961 3,299 (338)

Noninterest-bearing trading liabilities and derivative instruments 363 458 (95)

Shareholders’ equity 24,131 24,076 55

Total liabilities and shareholders’ equity $204,833 $197,613 $7,220

Interest Rate Spread 2.90% 2.79% 0.11

Net Interest Income $4,199 $3,877

Net Interest Income-FTE 2 $4,306 $3,982

Net Interest Margin 3 3.05% 2.92% 0.13

Net Interest Margin-FTE 2, 3 3.13 2.99 0.14

1 Interest income includes loan fees of $135 million and $124 million for the nine months ended September 30 , 2017 and 2016 , respectively.2 See Appendix A for additional information and reconcilements of non-U.S. GAAP performance measures. Approximately 95% of the total FTE adjustment for both the nine months ended September 30 , 2017 and 2016 wasattributed to C&I loans.


18

SunTrust Banks, Inc. and SubsidiariesOTHER FINANCIAL DATA

Three Months Ended Nine Months Ended

September 30 (Decrease)/Increase September 30 (Decrease)/Increase

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

CREDIT DATA

Allowance for credit losses, beginning of period $1,803 $1,840 ($37) (2)% $1,776 $1,815 ($39) (2)%

Provision for unfunded commitments 1 2 (1) (50) 6 5 1 20

Provision/(benefit) for loan losses:

Commercial 5 81 (76) (94) 89 293 (204) (70)

Residential 29 (36) 65 NM 33 (72) 105 NM

Consumer 85 50 35 70 202 117 85 73

Total provision for loan losses 119 95 24 25 324 338 (14) (4)

Charge-offs:

Commercial (33) (78) (45) (58) (122) (209) (87) (42)

Residential (23) (28) (5) (18) (78) (102) (24) (24)

Consumer (53) (44) 9 20 (157) (117) 40 34

Total charge-offs (109) (150) (41) (27) (357) (428) (71) (17)

Recoveries:

Commercial 11 7 4 57 32 26 6 23

Residential 8 7 1 14 27 22 5 23

Consumer 12 10 2 20 37 33 4 12

Total recoveries 31 24 7 29 96 81 15 19

Net charge-offs (78) (126) (48) (38) (261) (347) (86) (25)

Allowance for credit losses, end of period $1,845 $1,811 $34 2 % $1,845 $1,811 $34 2 %

Components:

Allowance for loan and lease losses ("ALLL") $1,772 $1,743 $29 2 %

Unfunded commitments reserve 73 68 5 7

Allowance for credit losses $1,845 $1,811 $34 2 %

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

Commercial 0.11% 0.37% (0.26) (70)% 0.15% 0.32% (0.17) (53)%

Residential 0.15 0.21 (0.06) (29) 0.18 0.27 (0.09) (33)

Consumer 0.59 0.52 0.07 13 0.59 0.47 0.12 26

Total net charge-offs to total average LHFI 0.21 0.35 (0.14) (40) 0.24 0.33 (0.09) (27)

Period Ended

Nonaccrual/nonperforming loans ("NPLs"):

Commercial $298 $513 ($215) (42)%

Residential 386 429 (43) (10)

Consumer 13 7 6 86

Total nonaccrual/NPLs 697 949 (252) (27)

Other real estate owned (“OREO”) 57 57 — —

Other repossessed assets 7 13 (6) (46)

Nonperforming loans held for sale ("nonperforming LHFS") 31 — 31 NM

Total nonperforming assets ("NPAs") $792 $1,019 ($227) (22)%

Accruing restructured loans $2,501 $2,522 ($21) (1)%

Nonaccruing restructured loans 1 304 306 (2) (1)

Accruing LHFI past due > 90 days (guaranteed) 1,304 1,114 190 17

Accruing LHFI past due > 90 days (non-guaranteed) 39 30 9 30

Accruing LHFS past due > 90 days — 2 (2) (100)

NPLs to period-end LHFI 0.48% 0.67% (0.19) (28)%

NPAs to period-end LHFI plus nonperforming LHFS, OREO, and other repossessed assets 0.55 0.72 (0.17) (24)

ALLL to period-end LHFI 2, 3 1.23 1.23 — —

ALLL to NPLs 2, 3 2.55x 1.84x 0.71x 39

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

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

19

SunTrust Banks, Inc. and SubsidiariesFIVE QUARTER OTHER FINANCIAL DATA

Three Months Ended Three Months Ended


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

CREDIT DATA

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

Provision/(benefit) for unfunded commitments 1 3 (2) (67) 2 (1) 2

Provision/(benefit) for loan losses:

Commercial 5 39 (34) (87) 46 36 81

Residential 29 (2) 31 NM 5 13 (36)

Consumer 85 50 35 70 66 53 50

Total provision for loan losses 119 87 32 37 117 102 95

Charge-offs:

Commercial (33) (26) 7 27 (63) (78) (78)

Residential (23) (26) (3) (12) (29) (34) (28)

Consumer (53) (49) 4 8 (54) (51) (44)

Total charge-offs (109) (101) 8 8 (146) (163) (150)

Recoveries:

Commercial 11 7 4 57 13 9 7

Residential 8 11 (3) (27) 9 8 7

Consumer 12 13 (1) (8) 12 10 10

Total recoveries 31 31 — — 34 27 24

Net charge-offs (78) (70) 8 11 (112) (136) (126)

Allowance for credit losses, end of period $1,845 $1,803 $42 2 % $1,783 $1,776 $1,811

Components:

ALLL $1,772 $1,731 $41 2 % $1,714 $1,709 $1,743

Unfunded commitments reserve 73 72 1 1 69 67 68

Allowance for credit losses $1,845 $1,803 $42 2 % $1,783 $1,776 $1,811

Net charge-offs to average LHFI (annualized):

Commercial 0.11% 0.10% 0.01 10 % 0.26% 0.35% 0.37%

Residential 0.15 0.16 (0.01) (6) 0.22 0.26 0.21

Consumer 0.59 0.54 0.05 9 0.64 0.64 0.52

Total net charge-offs to total average LHFI 0.21 0.20 0.01 5 0.32 0.38 0.35

Period Ended

Nonaccrual/NPLs:

Commercial $298 $325 ($27) (8)% $352 $414 $513

Residential 386 419 (33) (8) 428 424 429

Consumer 13 10 3 30 9 7 7

Total nonaccrual/NPLs 697 754 (57) (8) 789 845 949

OREO 57 61 (4) (7) 62 60 57

Other repossessed assets 7 6 1 17 7 14 13

Nonperforming LHFS 31 — 31 NM — — —

Total NPAs $792 $821 ($29) (4)% $858 $919 $1,019

Accruing restructured loans $2,501 $2,524 ($23) (1)% $2,545 $2,535 $2,522

Nonaccruing restructured loans 1 304 321 (17) (5) 329 306 306

Accruing LHFI past due > 90 days (guaranteed) 1,304 1,221 83 7 1,190 1,254 1,114

Accruing LHFI past due > 90 days (non-guaranteed) 39 30 9 30 37 34 30

Accruing LHFS past due > 90 days — 1 (1) (100) 1 1 2

NPLs to period-end LHFI 0.48% 0.52% (0.04) (8)% 0.55% 0.59% 0.67%NPAs to period-end LHFI plus nonperforming LHFS, OREO, and other

repossessed assets 0.55 0.57 (0.02) (4) 0.60 0.64 0.72

ALLL to period-end LHFI 2, 3 1.23 1.20 0.03 3 1.20 1.19 1.23

ALLL to NPLs 2, 3 2.55x 2.31x 0.24x 10 2.18x 2.03x 1.84x

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

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

20

SunTrust Banks, Inc. and SubsidiariesOTHER FINANCIAL DATA, continued

Three Months Ended September 30 Nine Months Ended September 30

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

MSRs - Fair Value Other Total

OTHER INTANGIBLE ASSETS ROLLFORWARD

Balance, beginning of period $1,061 $14 $1,075 $1,307 $18 $1,325Amortization — (2) (2) — (6) (6)Servicing rights originated 88 — 88 198 — 198

Servicing rights purchased 27 — 27 104 — 104Fair value changes due to inputs and assumptions 1 5 — 5 (328) — (328)Other changes in fair value 2 (61) — (61) (160) — (160)Servicing rights sold (1) — (1) (2) — (2)

Balance, September 30, 2016 $1,119 $12 $1,131 $1,119 $12 $1,131

Balance, beginning of period $1,608 $81 $1,689 $1,572 $85 $1,657Amortization — (6) (6) — (16) (16)Servicing rights originated 90 3 93 252 10 262Fair value changes due to inputs and assumptions 1 (11) — (11) (27) — (27)Other changes in fair value 2 (59) — (59) (168) — (168)Servicing rights sold — — — (1) — (1)

Other 3 — — — — (1) (1)

Balance, September 30, 2017 $1,628 $78 $1,706 $1,628 $78 $1,706

1 Primarily reflects changes in discount rates and prepayment speed assumptions, due to changes in interest rates.2 Represents changes due to the collection of expected cash flows, net of accretion, due to the passage of time.3 Represents measurement period adjustment on other intangible assets previously acquired in Pillar/Cohen acquisition.

Three Months Ended


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

COMMON SHARES OUTSTANDING ROLLFORWARD

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

Common shares issued for employee benefit plans 125 111 1,536 560 259

Repurchases of common stock (5,768) (4,179) (7,012) (5,308) (5,735)

Balance, end of period 476,001 481,644 485,712 491,188 495,936

21

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

Three Months Ended Nine Months Ended

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

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

Net interest income $1,430 $1,403 $1,366 $1,343 $1,308 $4,199 $3,877

Fully taxable-equivalent ("FTE") adjustment 37 36 34 34 34 107 105

Net interest income-FTE 2 1,467 1,439 1,400 1,377 1,342 4,306 3,982

Noninterest income 846 827 847 815 889 2,520 2,569

Total revenue-FTE 2 $2,313 $2,266 $2,247 $2,192 $2,231 $6,826 $6,551

Return on average common shareholders’ equity 9.03 % 9.08 % 8.19 % 7.85 % 7.89 % 8.77 % 8.01 %Impact of removing average intangible assets and related pre-tax amortization,

other than MSRs and other servicing rights 3.42 3.43 3.09 2.91 2.84 3.32 2.95

Return on average tangible common shareholders' equity 3 12.45% 12.51% 11.28% 10.76% 10.73% 12.09% 10.96%

Net interest margin 3.07 % 3.06 % 3.02 % 2.93 % 2.88 % 3.05 % 2.92 %

Impact of FTE adjustment 0.08 0.08 0.07 0.07 0.08 0.08 0.07

Net interest margin-FTE 2 3.15 % 3.14 % 3.09 % 3.00 % 2.96 % 3.13 % 2.99 %

Noninterest expense $1,391 $1,388 $1,465 $1,397 $1,409 $4,243 $4,072Total revenue 2,276 2,230 2,213 2,158 2,197 6,719 6,446Efficiency ratio 4 61.12% 62.24% 66.20% 64.74% 64.13% 63.16% 63.17%

Impact of FTE adjustment (0.98) (1.00) (1.01) (1.01) (0.99) (0.99) (1.01)

Efficiency ratio-FTE 2, 4 60.14 61.24 65.19 63.73 63.14 62.17 62.16Impact of excluding amortization related to intangible assets and certain tax

credits (0.93) (0.65) (0.59) (0.65) (0.60) (0.73) (0.53)

Tangible efficiency ratio-FTE 2, 5 59.21% 60.59% 64.60% 63.08% 62.54% 61.44% 61.63%

Basel III Common Equity Tier 1 ("CET1") ratio (transitional) 6 9.62 % 9.68 % 9.69 % 9.59 % 9.78 %

Impact of MSRs and other under fully phased-in approach (0.14) (0.15) (0.15) (0.16) (0.12)

Basel III fully phased-in CET1 ratio 6 9.48 % 9.53 % 9.54 % 9.43 % 9.66 %

1 Certain amounts in this schedule are presented net of applicable income taxes, calculated based on each subsidiary’s federal and state tax rates and are adjusted for any permanent differences.2 The Company presents net interest income-FTE, total revenue-FTE, net interest margin-FTE, efficiency ratio-FTE, and tangible efficiency ratio-FTE on a fully taxable-equivalent (“FTE”) basis. The FTE basis adjusts for the tax-favored status of net interest income from certain loans and investments using a federal tax rate of 35% and state income taxes where applicable to increase tax-exempt interest income to a taxable-equivalent basis. The Companybelieves this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources. Total revenue-FTE equals net interest income-FTE plus noninterest income.

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

4 Efficiency ratio is computed by dividing noninterest expense by total revenue. Efficiency ratio-FTE is computed by dividing noninterest expense by total revenue-FTE.5 The Company presents a tangible efficiency ratio, which excludes the amortization related to intangible assets and certain tax credits. The Company believes this measure is useful to investors because, by removing the impact ofamortization (the level of which may vary from company to company), it allows investors to more easily compare the Company’s efficiency to other companies in the industry. This measure is utilized by management to assess theefficiency of the Company and its lines of business.

6 Current period Basel III capital ratios are estimated as of the earnings release date. Fully phased-in ratios consider a 250% risk-weighting for MSRs and deduction from capital of certain carryforward DTAs, the overfunded pensionasset, and other intangible assets. The Company believes these measures may be useful to investors who wish to understand the Company's current compliance with future regulatory requirements.

22

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


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

Total shareholders' equity $24,522 $24,477 $23,484 $23,618 $24,449Goodwill, net of deferred taxes of $254 million, $253 million, $252 million, $251 million, and $248 million,

respectively (6,084) (6,085) (6,086) (6,086) (6,089)

Other intangible assets (including MSRs and other servicing rights) (1,706) (1,689) (1,729) (1,657) (1,131)

MSRs and other servicing rights 1,690 1,671 1,711 1,638 1,124

Tangible equity 2 18,422 18,374 17,380 17,513 18,353

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

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

Tangible common equity 2 $16,346 $16,296 $16,054 $16,185 $17,027

Total assets $208,252 $207,223 $205,642 $204,875 $205,091

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

Other intangible assets (including MSRs and other servicing rights) (1,706) (1,689) (1,729) (1,657) (1,131)

MSRs and other servicing rights 1,690 1,671 1,711 1,638 1,124

Tangible assets $201,898 $200,867 $199,286 $198,519 $198,747

Tangible equity to tangible assets 2 9.12% 9.15% 8.72% 8.82% 9.23%Tangible common equity to tangible assets 2 8.10 8.11 8.06 8.15 8.57

Tangible book value per common share 3 $34.34 $33.83 $33.05 $32.95 $34.33

1 Certain amounts in this schedule are presented net of applicable income taxes, calculated based on each subsidiary’s federal and state tax rates and are adjusted for any permanent differences.2 The Company presents certain capital information on a tangible basis, including tangible equity, tangible common equity, the ratio of tangible equity to tangible assets, and the ratio of tangible common equity to tangible assets, whichremove the after-tax impact of purchase accounting intangible assets from shareholders' equity. The Company believes these measures are useful to investors because, by removing the amount of intangible assets that result frommerger and acquisition activity (the level of which may vary from company to company), it allows investors to more easily compare the Company’s capital adequacy to other companies in the industry. These measures are used bymanagement to analyze capital adequacy.

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

23

SunTrust Banks, Inc. and Subsidiaries CONSUMER BUSINESS SEGMENT 1


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

Statements of Income:

Net interest income $941 $872 8 % $2,748 $2,578 7 %

FTE adjustment — — — — — —

Net interest income-FTE 2 941 872 8 2,748 2,578 7

Provision for credit losses 3 136 29 NM 299 90 NM

Net interest income-FTE - after provision for credit losses 2 805 843 (5) 2,449 2,488 (2)

Noninterest income before net securities gains 473 555 (15) 1,401 1,568 (11)

Net securities gains — — — — — —

Total noninterest income 473 555 (15) 1,401 1,568 (11)

Noninterest expense before amortization 897 984 (9) 2,829 2,837 —

Amortization 2 1 100 3 2 50

Total noninterest expense 899 985 (9) 2,832 2,839 —

Income-FTE - before provision for income taxes 2 379 413 (8) 1,018 1,217 (16)

Provision for income taxes 138 155 (11) 367 455 (19)

Tax credit adjustment — — — — — —

FTE adjustment — — — — — —

Net income including income attributable to noncontrolling interest 241 258 (7) 651 762 (15)

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

Net income $241 $258 (7)% $651 $762 (15)%

Total revenue $1,414 $1,427 (1)% $4,149 $4,146 — %

Total revenue-FTE 2 1,414 1,427 (1) 4,149 4,146 —


Total LHFI $73,378 $70,560 4 % $72,200 $69,075 5 %

Goodwill 4,262 4,262 — 4,262 4,262 —

Other intangible assets excluding MSRs 7 12 (42) 8 14 (43)

Total assets 83,161 80,298 4 82,071 78,378 5


Performance Ratios:

Efficiency ratio 63.55 % 69.04 % 68.26 % 68.45 %

Impact of FTE adjustment — — — —

Efficiency ratio-FTE 2 63.55 69.04 68.26 68.45

Impact of excluding amortization and associated funding cost of intangible assets (1.18) (1.08) (1.17) (1.11)

Tangible efficiency ratio-FTE 2, 4 62.37 % 67.96 % 67.09 % 67.34 %

1 Beginning in the second quarter of 2017, the Company realigned its business segment structure from three segments to two segments based on, among other things, the manner in which financial information is evaluated bymanagement and in conjunction with Company-wide organizational changes that were announced during the first quarter of 2017. Specifically, the Company retained the previous composition of the Wholesale Banking segment andchanged the basis of presentation of the Consumer Banking and Private Wealth Management segment and Mortgage Banking segment such that those segments were combined into a single Consumer segment. Accordingly, priorperiod information has been revised to conform to the new business segment structure and updated internal funds transfer pricing methodology for consistent presentation.2 Net interest income-FTE, income-FTE, total revenue-FTE, efficiency ratio-FTE, and tangible efficiency ratio-FTE are presented on a fully taxable-equivalent (“FTE”) basis. The FTE basis adjusts for the tax-favored status of netinterest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable andtax-exempt sources. Total revenue-FTE equals net interest income on an FTE basis plus noninterest income.3 Provision for credit losses represents net charge-offs by segment combined with an allocation to the segments for the provision attributable to quarterly changes in the allowance for loan and lease losses and unfunded commitmentreserve balances.

4 A tangible efficiency ratio is presented, which excludes the amortization related to intangible assets and certain tax credits. The Company believes this measure is useful to investors because, by removing the impact of amortization(the level of which may vary from company to company), it allows investors to more easily compare this segment's efficiency to other business segments and companies in the industry. This measure is utilized by management toassess the efficiency of the Company and its lines of business.5 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

24

SunTrust Banks, Inc. and Subsidiaries CONSUMER BUSINESS SEGMENT, continued 1


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

Mortgage Production Data:

Channel mix:

Retail $2,438 $3,386 (28)% $7,422 $9,041 (18)%

Correspondent 3,715 5,073 (27) 10,647 11,653 (9)

Total production $6,153 $8,459 (27)% $18,069 $20,694 (13)%

Channel mix - percent:

Retail 40% 40% 41% 44%

Correspondent 60 60 59 56

Total production 100% 100% 100% 100%

Purchase and refinance mix:

Refinance $1,980 $4,281 (54)% $6,473 $10,162 (36)%

Purchase 4,173 4,178 — 11,596 10,532 10

Total production $6,153 $8,459 (27)% $18,069 $20,694 (13)%

Purchase and refinance mix - percent:

Refinance 32% 51% 36% 49%

Purchase 68 49 64 51

Total production 100% 100% 100% 100%

Applications $7,658 $11,866 (35)% $23,675 $32,296 (27)%

Mortgage Servicing Data (End of Period):

Total loans serviced $165,273 $153,984 7 %

Total loans serviced for others 135,411 123,936 9

Net carrying value of MSRs 1,628 1,119 45

Ratio of net carrying value of MSRs to total loans serviced for others 1.202% 0.903% Assets Under Administration (End of Period):

Trust and institutional managed assets $42,266 $40,893 3 %

Retail brokerage managed assets 15,561 12,493 25

Total managed assets 57,827 53,386 8

Non-managed assets 97,491 93,623 4

Total assets under advisement $155,318 $147,009 6 %

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

25

SunTrust Banks, Inc. and SubsidiariesWHOLESALE BUSINESS SEGMENT




Net interest income $571 $505 13 % $1,670 $1,488 12 %

FTE adjustment 36 34 6 105 103 2

Net interest income-FTE 1 607 539 13 1,775 1,591 12

(Benefit)/provision for credit losses 2 (16) 68 NM 31 253 (88)

Net interest income-FTE - after (benefit)/provision for credit losses 1 623 471 32 1,744 1,338 30

Noninterest income before net securities gains 406 355 14 1,194 996 20

Net securities gains — — — — — —

Total noninterest income 406 355 14 1,194 996 20

Noninterest expense before amortization 440 411 7 1,353 1,210 12


Total noninterest expense 459 424 8 1,399 1,243 13

Income-FTE - before provision for income taxes 1 570 402 42 1,539 1,091 41

Provision for income taxes 128 79 62 346 210 65

Tax credit adjustment 47 37 27 121 94 29


Net income including income attributable to noncontrolling interest 359 252 42 967 684 41

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

Net income $359 $252 42 % $967 $684 41 %

Total revenue $977 $860 14 % $2,864 $2,484 15 %

Total revenue-FTE 1 1,013 894 13 2,969 2,587 15


Total LHFI $71,255 $71,625 (1)% $72,005 $71,489 1 %

Goodwill 2,076 2,075 — 2,076 2,075 —

Other intangible assets excluding MSRs 74 1 NM 75 1 NM

Total assets 85,280 85,762 (1) 85,638 85,392 —


Performance Ratios:


Impact of FTE adjustment (1.68) (1.85) (1.74) (1.99)



Tangible efficiency ratio-FTE 1, 3 42.87 % 45.43 % 45.05 % 46.17 %

1 Net interest income-FTE, income-FTE, total revenue-FTE, efficiency ratio-FTE, and tangible efficiency ratio-FTE are presented on a fully taxable-equivalent (“FTE”) basis. The FTE basis adjusts for the tax-favored status of netinterest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable andtax-exempt sources. Total revenue-FTE equals net interest income on an FTE basis plus noninterest income.2 (Benefit)/provision for credit losses represents net charge-offs by segment combined with an allocation to the segments for the (benefit)/provision attributable to quarterly changes in the allowance for loan and lease losses andunfunded commitment reserve balances.

3 A tangible efficiency ratio is presented, which excludes the amortization related to intangible assets and certain tax credits. The Company believes this measure is useful to investors because, by removing the impact of amortization(the level of which may vary from company to company), it allows investors to more easily compare this segment's efficiency to other business segments and companies in the industry. This measure is utilized by management toassess the efficiency of the Company and its lines of business.4 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

26

SunTrust Banks, Inc. and SubsidiariesCORPORATE OTHER




Net interest income/(expense) 1 ($82) ($69) (19)% ($219) ($189) (16)%

FTE adjustment 1 — NM 2 2 —

Net interest income/(expense)-FTE 2 (81) (69) (17) (217) (187) (16)

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

Net interest income/(expense)-FTE - after provision/(benefit) for credit losses 2 (81) (69) (17) (217) (187) (16)

Noninterest income/(expense) before net securities gains (33) (21) (57) (76) 1 NM

Net securities gains — — — 1 4 (75)

Total noninterest income/(expense) (33) (21) (57) (75) 5 NM

Noninterest expense/(income) before amortization 32 — NM 12 (10) NM

Amortization 1 — NM — — —

Total noninterest expense/(income) 33 — NM 12 (10) NM

Income/(loss)-FTE - before benefit for income taxes 2 (147) (90) (63) (304) (172) (77)

Benefit for income taxes (41) (19) NM (107) (54) (98)

Tax credit adjustment (47) (37) (27) (121) (94) (29)

FTE adjustment 1 — NM 2 2 —

Net income/(loss) including income attributable to noncontrolling interest (60) (34) (76) (78) (26) NM

Less: Net income attributable to noncontrolling interest 2 2 — 7 7 —

Net income/(loss) ($62) ($36) (72) ($85) ($33) NM

Total revenue ($115) ($90) (28) ($294) ($184) (60)%

Total revenue-FTE 2 (114) (90) (27) (292) (182) (60)


Total LHFI $73 $72 1 % $71 $64 11 %

Securities available for sale 31,140 28,602 9 30,983 27,968 11

Goodwill — — — — — —

Other intangible assets excluding MSRs — — — — — —

Total assets 37,297 35,416 5 37,124 33,843 10

Consumer and commercial deposits 142 94 51 133 61 NM

Other Information (End of Period):

Duration of securities available for sale portfolio (in years) 4.4 3.8

Net interest income interest rate sensitivity:

% Change in net interest income under:

Instantaneous 200 basis point increase in rates over next 12 months 3.2 % 3.6 %

Instantaneous 100 basis point increase in rates over next 12 months 1.8 % 2.1 %

Instantaneous 25 basis point decrease in rates over next 12 months (0.6)% (0.7)%

Instantaneous 100 basis point decrease in rates over next 12 months (6.7)% NM5

1 Net interest income/(expense) is driven by matched funds transfer pricing applied for segment reporting and actual net interest income.2 Net interest income/(expense)-FTE, income/(loss)-FTE, and total revenue-FTE are presented on a fully taxable-equivalent (“FTE”) basis. The FTE basis adjusts for the tax-favored status of net interest income from certain loans andinvestments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources. Total revenue-FTEequals net interest income on an FTE basis plus noninterest income.3 Provision/(benefit) for credit losses represents net charge-offs by segment combined with an allocation to the segments for the provision/(benefit) attributable to quarterly changes in the allowance for loan and lease losses andunfunded commitments reserve balances.

4 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.5 “NM” - Not meaningful. A downward rate change of 100 basis points would imply a negative interest rate environment during the period and was not considered to be meaningful.

27

SunTrust Banks, Inc. and SubsidiariesCONSOLIDATED SEGMENT TOTALS




Net interest income $1,430 $1,308 9 % $4,199 $3,877 8 %


Net interest income-FTE 1 1,467 1,342 9 4,306 3,982 8

Provision for credit losses 120 97 24 330 343 (4)

Net interest income-FTE - after provision for credit losses 1 1,347 1,245 8 3,976 3,639 9

Noninterest income before net securities gains 846 889 (5) 2,519 2,565 (2)

Net securities gains — — — 1 4 (75)

Total noninterest income 846 889 (5) 2,520 2,569 (2)

Noninterest expense before amortization 1,369 1,395 (2) 4,194 4,037 4


Total noninterest expense 1,391 1,409 (1) 4,243 4,072 4

Income-FTE - before provision for income taxes 1 802 725 11 2,253 2,136 5

Provision for income taxes 225 215 5 606 611 (1)

Tax credit adjustment — — — — — —


Net income including income attributable to noncontrolling interest 540 476 13 1,540 1,420 8

Less: Net income attributable to noncontrolling interest 2 2 — 7 7 —

Net income $538 $474 14 % $1,533 $1,413 8 %

Total revenue $2,276 $2,197 4 % $6,719 $6,446 4 %

Total revenue-FTE 1 2,313 2,231 4 6,826 6,551 4


Total LHFI $144,706 $142,257 2 % $144,276 $140,628 3 %

Goodwill 6,338 6,337 — 6,338 6,337 —

Other intangible assets excluding MSRs 81 13 NM 83 15 NM

Total assets 205,738 201,476 2 204,833 197,613 4


Performance Ratios:


Impact of FTE adjustment (0.98) (0.99) (0.99) (1.01)



Tangible efficiency ratio-FTE 1 59.21 % 62.54 % 61.44 % 61.63 %

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

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

28

2 This presentation should be read in conjunction with the financial statements, notes and other information contained in the Company’s forthcoming Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. Non-GAAP Financial Measures This presentation includes non-GAAP financial measures to describe SunTrust’s performance. The reconciliations of those measures to GAAP measures are provided within or in the appendix of this presentation beginning on slide 22. In this presentation, consistent with Securities and Exchange Commission Industry Guide 3, the Company presents total revenue, net interest income, net interest margin, and efficiency ratios on a fully taxable equivalent (“FTE”) and annualized basis. The FTE basis adjusts for the tax-favored status of net interest income from certain loans and investments using a federal tax rate of 35% and state income taxes where applicable to increase tax-exempt interest income to a taxable-equivalent basis. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources. Total revenue-FTE equals net interest income-FTE plus noninterest income. The Company presents the following additional non-GAAP measures because many investors find them useful. Specifically: • The Company presents certain capital information on a tangible basis, including tangible common equity, the ratio of tangible common equity to tangible assets, return on average tangible common equity, and tangible book value per share. These measures exclude the after-tax impact of purchase accounting intangible assets. The Company believes these measures are useful to investors because, by removing the effect of intangible assets that result from merger and acquisition activity (the level of which may vary from company to company), it allows investors to more easily compare the Company’s capital adequacy to other companies in the industry. These measures are used by management to analyze capital adequacy of the Company. • Similarly, the Company presents an efficiency ratio-FTE and a tangible efficiency ratio-FTE. The efficiency ratio is computed by dividing noninterest expense by total revenue. Efficiency ratio-FTE is computed by dividing noninterest expense bytotal revenue-FTE. The tangible efficiency ratio-FTE excludes the amortization related to intangible assets and certain tax credits. The Company believes this measure is useful to investors because, by removing the impact of amortization (the level of which may vary from company to company), it allows investors to more easily compare the Company’s efficiency to other companies in the industry. This measure is also utilized by management to assess the efficiency of the Company and its lines of business. • The Company presents the Basel III Common Equity Tier 1 (CET1) ratio on a fully-phased in basis. The fully phased-in ratio considers a 250% risk-weighting for MSRs and deduction from capital of certain carryforward DTAs, the overfunded pension asset, and other intangible assets. The Company believes this measure may be useful to investors who wish to understand the Company's current compliance with future regulatory requirements. This measure is used by management to analyze capital adequacy of the Company. Important Cautionary Statement about Forward-Looking Statements This presentation contains forward-looking statements. Statements regarding future levels of the net interest margin, deposit betas, hurricane-related losses, tangible efficiency ratio, charge-offs and net charge-off ratio, nonperforming loans, loan loss provision expense, ALLL, preferred stock issuances, and the anticipated impact of potential changes in regulatory capital rules, are forward-looking statements. Also, any statement that does not describe historical or current facts is a forward-looking statement. These statements often include the words “believes,” “expects,” “anticipates,” “estimates,” “intends,” “forecast”, “goals”, “plans,” “targets,” “initiatives,” “opportunity,” “focus”, “potentially,” “probably,” “projects,” “outlook,” or similar expressions or future conditional verbs such as “may,” “will,” “should,” “would,” and “could"; such statements are based upon the current beliefs and expectations of management and on information currently available to management. Such statements speak as of the date hereof, and we do not assume any obligation to update the statements made herein or to update the reasons why actual results could differ from those contained in such statements in light of new information or future events. Forward-looking statements are subjectto significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward-looking statements. Factors that could cause actual results to differ materially from those described in the forward-looking statements can be found in Part I, Item 1A., “Risk Factors,” in our Annual Report on Form 10-K for the year ended December 31, 2016 and in other periodic reports that we file with the SEC. Those factors include: current and future legislation and regulation could require us to change our business practices, reduce revenue, impose additional costs, or otherwise adversely affect business operations or competitiveness; we are subject to stringent capital adequacy and liquidity requirements and our failure to meet these would adversely affect our financial condition; the monetary and fiscal policies of the federal government and its agencies could have a material adverse effect on our earnings; our financial results have been, and may continue to be, materially affected by general economic conditions, and a deterioration of economic conditions or of the financial markets may materially adversely affect our lending and other businesses and our financial results and condition; changes in market interest rates or capital markets could adversely affect our revenue and expenses, the value of assets and obligations, and the availability and cost of capital and liquidity; our earnings may be affected by volatility in mortgage production and servicing revenues, and by changes in carrying values of our servicing assets and mortgages held for sale due to changes in interest rates; disruptions in our ability to access global capital markets may adversely affect our capital resources and liquidity; we are subject to credit risk; we may have more credit risk and higher credit losses to the extent that our loans are concentrated by loan type, industry segment, borrower type, or location of the borrower or collateral; we rely on the mortgage secondary market and GSEs for some of our liquidity; loss of customer deposits could increase our funding costs; any reduction in our credit rating could increase the cost of our funding from the capital markets, we are subject to litigation, and our expenses related to this litigation may adversely affect our results; we may incur fines, penalties and othernegative consequences from regulatory violations, possibly even inadvertent or unintentional violations; we are subject to certain risks related to originating and selling mortgages, and may be required to repurchase mortgage loans or indemnify mortgage loan purchasers as a result of breaches of representations and warranties, or borrower fraud, and this could harm our liquidity, results of operations, and financial condition; we face risks as a servicer of loans; we are subject to risks related to delays in the foreclosure process; consumers and small businesses may decide not to use banks to complete their financial transactions, which could affect net income; we have businesses other than banking which subject us to a variety of risks; negative public opinion could damage our reputation and adversely impact business and revenues; we may face more intense scrutiny of our sales training, and incentive compensation practices; we rely on other companies to provide key components of our business infrastructure; competition in the financial services industry is intense and we could lose business or suffer margin declines as a result; we continually encounter technological change and must effectively develop and implement new technology; maintaining or increasing market share depends on market acceptance and regulatory approval of new products and services; we have in the past and may in the future pursue acquisitions, which could affect costs and from which we may not be able to realize anticipated benefits; we depend on the expertise of key personnel, and if these individuals leave or change their roles without effective replacements, operations may suffer; we may not be able to hire or retain additional qualified personnel and recruiting and compensation costs may increase as a result of turnover, both of which may increase costs and reduce profitability and may adversely impact our ability to implement our business strategies; our framework for managing risks may not be effective in mitigating risk and loss to us; our controls and procedures may not prevent or detect all errors or acts of fraud; we are at risk of increased losses from fraud; a failure in or breach of our operational or security systems or infrastructure, or those of our third party vendors and other service providers, including as a result of cyber-attacks, could disrupt our businesses, result in the

disclosure or misuse of confidential or proprietary information, damage our reputation, increase our costs and cause losses; the soundness of other financial institutions could adversely affect us; we depend on the accuracy and completeness of information about clients and counterparties; our accounting policies and processes are critical to how we report our financial condition and results of operation, and they require management to make estimates about matters that are uncertain; depressed market values for our stock and adverse economic conditions sustained over a period of time may require us to write down some portion of our goodwill; our financial instruments measured at fair value expose us to certain market risks; our stock price can be volatile; our ability to receive dividends from our subsidiaries or other investments could affect our liquidity and ability to pay dividends; we might not pay dividends on our stock; certain banking laws and certain provisions of our articles of incorporation may have an anti-takeover effect; and the interest rates of our outstanding floating rate indebtedness and assets might be subject to change based on recent regulatory changes. IMPORTANT CAUTIONARY STATEMENT

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

4 NET INTEREST INCOME1 NII growth continues; NIM up 1 bp QoQ and 19 bps YoY Prior Quarter Variance • Net interest margin (FTE) increased 1 bp, driven primarily by higher loan yields, partially offset by increased liability costs • Net interest income (FTE) increased $28 million, or 2%, due to NIM expansion, 1 extra day, and consumer loan growth Prior Year Variance • Net interest margin (FTE) increased 19 bps, driven by: → Higher loan yields as a result of the increases in short-term rates → Improved loan mix (faster growing consumer portfolio) → Lower premium amortization on the securities portfolio • Net interest income (FTE) increased $125 million, or 9%, driven by NIM expansion and earning asset growth 1. On this slide, net interest income is reported on an unadjusted and fully taxable-equivalent (“FTE”) basis. The FTE basis adjusts for the tax-favored status of income from certain loans and investments. SunTrust believes this measure to be the preferred industry measurement of net interest income and provides relevant comparison between taxable and non-taxable amounts. Net interest margin (FTE) is calculated as net interest income (FTE) divided by average earning assets (on an annualized basis) 2. Please refer to slide 22 for a reconciliation of net interest income to net interest income (FTE) 2 $1,308 $1,343 $1,366 $1,403 $1,430 $1,342 $1,377 $1,400 $1,439 $1,467 2.96% 3.00% 3.09% 3.14% 3.15% 3Q 16 4Q 16 1Q 17 2Q 17 3Q 17 Net Interest Income Net Interest Income (FTE) NIM (FTE) ($ in millions)

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

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

7 71.5% 66.9% 65.3% 63.3% 62.6% 62.0% 61.4% <62% <60% 72.0% 67.4% 65.6% 63.7% 63.1% 62.6% 62.2% 2011 2012 2013 2014 2015 2016 2017 YTD 2017 TER Goal 2019 TER Goal 62.5% 63.1% 64.6% 60.6% 59.2% 63.1% 63.7% 65.2% 61.2% 60.1% 3Q 16 4Q 16 1Q 17 2Q 17 3Q 17 Positive operating leverage drives sequential and YoY improvement in tangible efficiency ratio 1. The efficiency ratio and tangible efficiency ratios are reported on fully taxable-equivalent (“FTE”) basis. The FTE basis adjusts net interest income for the tax-favored status of income from certain loans and investments. Unadjusted net interest income can be found on slide 4 2. 2012, 2013, and 2014 values represent the adjusted efficiency ratio and adjusted tangible efficiency ratio. Adjusted figures are intended to provide management and investors information on trends that are more comparable across periods and potentially more comparable across institutions. Please refer to slide 22 for reconciliations related to the GAAP efficiency ratio EFFICIENCY RATIO & TANGIBLE EFFICIENCY RATIO1 Tangible Efficiency Ratio (TER) Efficiency Ratio 2 2 2 Annual Trend 5-Quarter Trend

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

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

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

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

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

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

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

APPENDIX

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

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

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

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

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

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

22 3Q 16 4Q 16 1Q 17 2Q 17 3Q 17 2011 2012 2013 2014 2015 2016 2017 YTD Reported (GAAP) Basis Net Interest Income 1,308 1,343 1,366 1,403 1,430 5,065 5,102 4,853 4,840 4,764 5,221 4,199 Noninterest Income 889 815 847 827 846 3,421 5,373 3,214 3,323 3,268 3,383 2,520 Revenue 2,197 2,158 2,213 2,230 2,276 8,486 10,475 8,067 8,163 8,032 8,604 6,719 Noninterest Expense¹ 1,409 1,397 1,465 1,388 1,391 6,194 6,284 5,831 5,543 5,160 5,468 4,243 Efficiency Ratio 64.1% 64.7% 66.2% 62.2% 61.1% 73.0% 60.0% 72.3% 67.9% 64.2% 63.6% 63.2% Reconciliation: Net Interest Income 1,308 1,343 1,366 1,403 1,430 5,065 5,102 4,853 4,840 4,764 5,221 4,199 FTE Adjustment 34 34 34 36 37 114 123 127 142 142 138 107 Net Interest Income-FTE 1,342 1,377 1,400 1,439 1,467 5,179 5,225 4,980 4,982 4,906 5,359 4,306 Noninterest Income 889 815 847 827 846 3,421 5,373 3,214 3,323 3,268 3,383 2,520 Revenue-FTE 2,231 2,192 2,247 2,266 2,313 8,600 10,598 8,194 8,305 8,174 8,742 6,826 Efficiency Ratio-FTE 63.1% 63.7% 65.2% 61.2% 60.1% 72.0% 59.3% 71.2% 66.7% 63.1% 62.6% 62.2% Adjustment Items (Noninterest Income): 3Q-4Q 12 student / Ginnie Mae loan sale (losses) (92) Securities gain related to the sale of Coca Cola stock 1,938 Pre-tax mortgage repurchase provision related to loans sold to GSEs prior to 2009 (371) GSE mortgage repurchase settlements (63) RidgeWorth sale 105 Adjusted Noninterest Income 889 815 847 827 846 3,421 3,898 3,277 3,218 3,268 3,383 2,520 Adjusted Revenue-FTE² 2,231 2,192 2,247 2,266 2,313 8,600 9,123 8,257 8,200 8,174 8,742 6,826 Noninterest Expense¹ 1,409 1,397 1,465 1,388 1,391 6,194 6,284 5,831 5,543 5,160 5,468 4,243 Adjustment Items (Noninterest Expense): Legacy affordable housing impairment 96 Charitable contribution of KO shares 38 Impact of certain legacy mortgage legal matters 323 324 Mortgage servicing advances allowance increase 96 Adjusted Noninterest Expense² 1,409 1,397 1,465 1,388 1,391 6,194 6,150 5,412 5,219 5,160 5,468 4,243 Amortization Expense 14 14 13 15 22 43 46 23 25 40 49 49 Adjusted Tangible Expenses² 1,395 1,383 1,452 1,373 1,369 6,151 6,104 5,389 5,194 5,120 5,419 4,194 Adjusted Efficiency Ratio-FTE³ 63.1% 63.7% 65.2% 61.2% 60.1% 72.0% 67.4% 65.6% 63.7% 63.1% 62.6% 62.2% Adjusted Tangible Efficiency Ratio-FTE³ 62.5% 63.1% 64.6% 60.6% 59.2% 71.5% 66.9% 65.3% 63.3% 62.6% 62.0% 61.4% RECONCILIATION: ADJUSTED EFFICIENCY RATIO (FTE) & ADJUSTED TANGIBLE EFFICIENCY RATIO (FTE) 1. In accordance with updated GAAP, amortization of affordable housing investments of $40 million, $39 million, and $49 million were reclassified and are now presented in provision for income taxes for 2011, 2012, and 2013, respectively. Previously, the amortization was presented in other noninterest expense 2. Adjusted revenue and expenses are provided as they remove certain items that are material and potentially non-recurring. Adjusted figures are intended to provide management and investors information on trends that are more comparable across periods and potentially more comparable across institutions 3. Represents adjusted noninterest expense / adjusted revenue–FTE. Adjusted tangible efficiency ratio excludes amortization expense, the impact of which is (0.60%), (0.65%), (0.59%), (0.65%), (0.95%), (0.50%), (0.50%), (0.28%), (0.30%), (0.49%), (0.56%), and (0.72%) for 3Q 16, 4Q 16, 1Q 17, 2Q 17, 3Q 17, 2011, 2012, 2013, 2014, 2015, 2016, and 2017 YTD, respectively Note: 2012, 2013, and 2014 values represent the adjusted efficiency ratio and adjusted tangible efficiency ratio, 3Q 16, 4Q 16, 1Q 17, 2Q 17, 3Q 17, 2011, 2015, 2016, and 2017 YTD represent reported efficiency ratio and reported tangible efficiency ratio

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

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

suntrust banks, inc.d18rn0p25nwr6d.cloudfront.net/cik-0000750556/f279a7c9-6d37-470… · item 2.02...

Documents