UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

			
Date of Report (Date of earliest event reported):	 	July 22, 2016	

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

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

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

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

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

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

Item 2.02 Results of Operations and Financial Condition.
Item 7.01 Regulation FD.
On July 22, 2016 , SunTrust Banks, Inc. (the “Registrant”) announced financial results for the period ended June 30, 2016 . A copy of the news release announcing such results is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The Registrant intends to hold an investor call and webcast to discuss these results on July 22, 2016 , at 8:00 a.m. Eastern time. Additional presentation materials relating to such call are furnished hereto as Exhibit 99.2 and are incorporated herein by reference.
The foregoing information is furnished pursuant to Item 2.02, “Results of Operations and Financial Condition,” and Item 7.01, “Regulation FD.” Consequently, it is not deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section. It may only be incorporated by reference into another filing under the Exchange Act or Securities Act of 1933 if such subsequent filing specifically references this Form 8-K. All information in the news release and presentation materials speak as of the date thereof and the Registrant does not assume any obligation to update said information in the future. In addition, the Registrant disclaims any inference regarding the materiality of such information which otherwise may arise as a result of its furnishing such information under Item 2.02 or Item 7.01 of this report on Form 8-K.

Item 9.01 Financial Statements and Exhibits.
(d) Exhibits

99.1    News release dated July 22, 2016 (furnished with the Commission as a part of this Form 8-K).

99.2    Presentation slides dated July 22, 2016 (furnished with the Commission as a part of this Form 8-K).

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

						
 	 	 	SUNTRUST BANKS, INC.	 	
 	 	 	(Registrant)	 	 	

Date:	July 22, 2016	 	By: /s/ Thomas E. Panther	
 	 	 	Thomas E. Panther, Senior Vice President,
Director of Corporate Finance and Controller

Exhibit 99.1

News Release

				
Contact:	 	 	 	
Investors	 	Media	 	
Ankur Vyas	 	Mike McCoy	 	
(404) 827-6714	 	(404) 588-7230	 	
For Immediate Release
July 22 , 2016

SunTrust Reports Second Quarter 2016 Results
Strong Execution and Diversity of Business Model
Drive Further Improvements in Revenue and Profitability

ATLANTA -- SunTrust Banks, Inc. (NYSE: STI) reported net income available to common shareholders of $475 million , or $0.94 per average common diluted share. This quarter was favorably impacted by $0.05 per share of discrete benefits (details can be found on page 2).

Earnings per share increased 12% compared to the prior quarter and 6% compared to the second quarter of 2015 . For the first half of 2016, earnings per share grew 7% compared to the same period a year ago.

“Our performance this quarter is further indication of our ability to deliver on our commitments,” said William H. Rogers, Jr., chairman and CEO of SunTrust Banks, Inc. “The consistent execution of our core strategies, combined with the diversity of our business model, resulted in solid revenue growth, strong improvements in efficiency, and significantly higher capital return to shareholders.  Despite the impact of the continued low interest rate environment, we remain committed to helping our clients and communities improve their financial confidence, thereby helping our shareholders continue to outperform.”

1

Second Quarter 2016 Financial Highlights
(Commentary is on a fully taxable-equivalent basis unless otherwise noted. Consistent with SEC Industry Guide 3, net interest income, net interest margin, and total revenue are provided on a fully taxable equivalent basis which generally assumes a 35% marginal federal tax rate. We provide unadjusted amounts in the table on page 3 of this news release and a detailed reconciliation and additional information on page 23.)

Income Statement

•	Net income available to common shareholders was $475 million , or $0.94 per average common diluted share, compared to $0.84 for the first quarter of 2016 and $0.89 for the second quarter of 2015.	

◦	Earnings per share increased 6% compared to the second quarter of 2015	

◦	Current quarter earnings included a net $0.05 per share benefit from discrete items	

▪	$44 million (pre-tax) in net asset-related gains, primarily related to a gain from the sale-leaseback of an office building (recorded in other noninterest income)	

▪	$21 million (pre-tax) in discrete charges related to ongoing efficiency initiatives (recorded in other noninterest expense)	

▪	$9 million discrete tax benefit (recorded in provision for income taxes)	

•	Total revenue increased 6% compared to the prior quarter and 7% compared to the second quarter of 2015 .	

◦	Sequential revenue growth was driven by a 15% increase in noninterest income, most notably mortgage-related income, other noninterest income (favorably impacted by the aforementioned net asset-related gains), and investment banking income.	

◦	Compared to the second quarter of 2015 , revenue growth was driven by a 10% increase in net interest income and 3% growth in noninterest income.	

•	Net interest margin was 2.99% in the current quarter, down 5 basis points sequentially and up 13 basis points compared to the prior year.	

•	Provision for credit losses increased sequentially and compared to the prior year, due primarily to higher energy-related charge-offs, moderating asset quality improvements, and loan growth.	

•	Noninterest expense increase d 2% sequentially and 1% compared to the prior year, driven largely by the aforementioned $21 million in discrete charges related to ongoing efficiency initiatives.	

•	The efficiency and tangible efficiency ratios in the current quarter were 60.6% and 60.1% , respectively, which represent significant improvements compared to the prior quarter and prior year.	

Balance Sheet

•	Average loan balances increased 2% sequentially and 6% compared to the second quarter of 2015 , with growth across most loan categories.	

•	Average consumer and commercial deposits increase d 3% sequentially and 8% compared to the second quarter of 2015 , primarily related to NOW and money market account balances.	

Capital

•	Estimated capital ratios continue to be well above regulatory requirements. The Common Equity Tier 1 ("CET1") ratio was estimated to be 9.8% as of June 30, 2016 , and 9.7% on a fully phased-in basis.	

•	During the quarter, the Company:	

◦	Repurchased $175 million of its outstanding common stock, which completed its 2015 capital plan.	

◦	Announced its 2016 capital plan, which includes:	

▪	The purchase of up to $960 million of its outstanding common stock between the third quarter of 2016 and the second quarter of 2017.	

▪	An 8% increase in the quarterly common stock dividend from $0.24 per share to $0.26 per share, beginning in the third quarter of 2016, subject to approval by the Company's Board of Directors.	

•	Book value per share was $46.14 and tangible book value per share was $33.98 , both up 3% compared to March 31, 2016 .	

2

Asset Quality

•	Nonperforming loans declined $31 million from the prior quarter and represented 0.67% of total loans at June 30, 2016 . The sequential decrease was driven by the resolution of certain energy-related loans.	

•	Net charge-offs for the current quarter were $137 million , or 0.39% of average loans on an annualized basis, up $52 million and $50 million compared to the prior quarter and the second quarter of 2015 , respectively. The current quarter included $70 million in energy-related net charge-offs.	

•	The provision for credit losses increased $45 million sequentially due to higher energy-related charge-offs and moderating asset quality improvements.	

•	At June 30, 2016 , the allowance for loan and lease losses (ALLL) to period-end loans ratio declined 2 basis points to 1.25% , as an increase in the commercial ALLL ratio was offset by a decline in the residential ALLL ratio, as a result of continued improvements in the asset quality of the residential loan portfolio.	

																				

Income Statement (Dollars in millions, except per share data)	2Q 2016	 	1Q 2016	 	4Q 2015	 	3Q 2015	 	2Q 2015	
Net interest income	$1,288	 	$1,282	 	$1,246	 	$1,211	 	$1,167	
Net interest income-FTE 2	1,323	 	1,318	 	1,281	 	1,247	 	1,203	
Net interest margin	2.91	%	 	2.96	%	 	2.90	%	 	2.86	%	 	2.78	%	
Net interest margin-FTE 2	2.99		 	3.04		 	2.98		 	2.94		 	2.86		
Noninterest income	$898	 	$781	 	$765	 	$811	 	$874	
Total revenue	2,186		 	2,063		 	2,011		 	2,022		 	2,041		
Total revenue-FTE 2	2,221		 	2,099		 	2,046		 	2,058		 	2,077		
Noninterest expense	1,345		 	1,318		 	1,288		 	1,264		 	1,328		
Provision for credit losses	146		 	101		 	51		 	32		 	26		
Net income available to common shareholders	475		 	430		 	467		 	519		 	467		
Earnings per average common diluted share	0.94		 	0.84		 	0.91		 	1.00		 	0.89		
 	 	 	 	 	 	 	 	 	 	
Balance Sheet   (Dollars in billions)	 	 	 	 	 	 	 	 	 	
Average loans		$141.2		 		$138.4		 		$135.2		 		$132.8		 		$132.8		
Average consumer and commercial deposits	154.2		 	149.2		 	148.2		 	145.2		 	142.9		
 	 	 	 	 	 	 	 	 	 	
Capital	 	 	 	 	 	 	 	 	 	
Capital ratios at period end 1  :	 	 	 	 	 	 	 	 	 	
Tier 1 capital (transitional)	10.55	%	 	10.63	%	 	10.80	%	 	10.90	%	 	10.79	%	
Common Equity Tier 1 ("CET1") (transitional)	9.84	%	 	9.90	%	 	9.96	%	 	10.04	%	 	9.93	%	
Common Equity Tier 1 ("CET1") (fully phased-in) 2	9.70	%	 	9.77	%	 	9.80	%	 	9.89	%	 	9.76	%	
Total average shareholders’ equity to total average assets	12.11	%	 	12.33	%	 	12.43	%	 	12.42	%	 	12.34	%	
 	 	 	 	 	 	 	 	 	 	
Asset Quality	 	 	 	 	 	 	 	 	 	
Net charge-offs to average loans (annualized)	0.39	%	 	0.25	%	 	0.24	%	 	0.21	%	 	0.26	%	
Allowance for loan and lease losses to period-end loans	1.25	%	 	1.27	%	 	1.29	%	 	1.34	%	 	1.39	%	
Nonperforming loans to total loans	0.67	%	 	0.70	%	 	0.49	%	 	0.35	%	 	0.36	%	
1 Current period Tier 1 capital and CET1 ratios are estimated as of the date of this news release.
2 See page 23 for non-U.S. GAAP reconciliations and additional information.

3

Consolidated Financial Performance Details
(Commentary is on a fully taxable-equivalent basis unless otherwise noted)
Revenue
Total revenue was $2.2 billion for the current quarter, an increase of $122 million compared to the prior quarter. The 6% increase was driven by broad-based growth in noninterest income, most notably mortgage-related income, other income (favorably impacted by $44 million in net asset-related gains), and investment banking income. Net interest income increased slightly as a result of loan growth, partially offset by net interest margin compression. Compared to the second quarter of 2015 , total revenue increased $144 million , or 7% , due to strong growth in net interest income and higher noninterest income, particularly mortgage-related revenue and the aforementioned asset-related gains.
For the six months ended June 30, 2016 , total revenue was $4.3 billion , an increase of $250 million , or 6% , compared to the first six months of 2015 . The increase was driven by higher net interest income and mortgage-related income.
Net Interest Income
Net interest income was $1.3 billion for the current quarter, an increase of $5 million compared to the prior quarter due primarily to loan growth, partially offset by net interest margin compression. Compared to the second quarter of 2015 , the $120 million increase in net interest income was driven by loan growth and a higher net interest margin.
Net interest margin for the current quarter was 2.99% , compared to 3.04% in the prior quarter and 2.86% in the second quarter of 2015 . When compared to the prior quarter, the 5 basis point decrease was largely driven by lower earning asset yields due to the decline in long-term yields in 2016. The 13 basis point increase in net interest margin compared to the second quarter of 2015 was due primarily to higher benchmark interest rates and lower premium amortization in the securities portfolio.
For the six months ended June 30, 2016 , net interest income was $2.6 billion , a $262 million increase compared to the first six months of 2015 . The net interest margin was 3.01% for the first half of 2016, a 16 basis point increase compared to the same period in 2015 . The increase in both net interest income and net interest margin were driven by the same factors that impacted the year-over-year comparisons discussed above.
Noninterest Income
Noninterest income was $898 million for the current quarter, compared to $781 million for the prior quarter and $874 million for the second quarter of 2015 . The $117 million sequential increase was related primarily to higher mortgage-related and investment banking income, as well as the $44 million in net asset-related gains, partially offset by a decrease in trading income driven primarily by an increase in counterparty credit valuation reserves on the Company's derivative portfolio. Compared to the second quarter of 2015 , noninterest income increase d $24 million , driven by higher mortgage-related revenue and the aforementioned asset-related gains, partially offset by lower capital markets and wealth management-related income.
Investment banking income was $126 million for the current quarter, compared to $98 million in the prior quarter and $145 million in the second quarter of 2015 . The sequential increase was due to strong client-driven activity across most products, particularly in syndicated finance, investment grade bond originations and equity capital markets. Compared to the second quarter of 2015 , the decrease was due to record results a year ago driven by syndicated finance activity, partially offset by higher investment grade bond originations and equity capital markets in the current quarter.
Trading income was $34 million for the current quarter, compared to $55 million in the prior quarter and $54 million in the second quarter of 2015 . The sequential and year-over-year decrease s were driven primarily by an increase in counterparty credit valuation reserves as a result of an adjustment to the internal reserve methodology and lower interest rates in the quarter.
Mortgage production income for the current quarter was $111 million , compared to $60 million for the prior quarter and $76 million for the second quarter of 2015 . The $51 million increase from the prior quarter and $35 million increase

4

compared to the second quarter of 2015 were both due primarily to a significant increase in production volume and higher gain-on-sale margins, which were modestly impacted by a product offering change to include upfront origination fees in the loan yield. Mortgage application volume increased 22% sequentially and 27% compared to the second quarter of 2015 , and closed loan production volume increased 47% sequentially and 12% compared to the second quarter of 2015 .
Mortgage servicing income was $52 million for the current quarter, compared to $62 million in the prior quarter and $30 million in the second quarter of 2015 . The $10 million decrease from the prior quarter was driven primarily by higher servicing asset decay, arising from increased prepayments. The $22 million increase compared to the second quarter of 2015 was due largely to higher servicing fees, improved net hedge performance, and lower servicing asset decay in the current quarter. The servicing portfolio was $154.5 billion at June 30, 2016 , compared to $145.5 billion at June 30, 2015 .
Trust and investment management income was $75 million for both the current quarter and prior quarter, and $84 million in the second quarter of 2015 . The $9 million decrease compared to the prior year quarter was primarily due to a decline in assets under management.
Client transaction-related fees (namely service charges on deposits, other charges and fees, and card fees) increased $25 million compared to the prior quarter and $10 million compared to the second quarter of 2015 due to increased client activity.
Other noninterest income was $75 million for the current quarter, compared to $38 million in the prior quarter and $52 million in the second quarter of 2015 . The $37 million increase compared to the prior quarter and $23 million increase compared to the second quarter of 2015 was primarily due to the $44 million in net asset-related gains recognized in the current quarter.
For the six months ended June 30, 2016 , noninterest income was $1.7 billion , a decrease of $12 million compared to the first six months of 2015 as higher mortgage-related income was offset by declines across other fee income categories.
Noninterest Expense
Noninterest expense was $1.3 billion in the current quarter, an increase of $27 million and $17 million compared to the prior quarter and the second quarter of 2015 , respectively. The sequential and year-over-year increase was primarily due to $21 million in discrete charges related to ongoing efficiency initiatives recorded in the second quarter of 2016.
Employee compensation and benefits expense was $763 million in the current quarter, compared to $774 million in the prior quarter and $756 million in the second quarter of 2015 . The sequential decrease of $11 million was due to the seasonal decrease in employee benefits and FICA taxes, partially offset by higher salaries and incentive compensation related to improved business performance. The $7 million increase from the second quarter of 2015 was largely due to higher salaries and incentive compensation.
Operating losses were $25 million in the current quarter, compared to $24 million in the prior quarter and $16 million in the second quarter of 2015. The $9 million increase compared to the prior year was primarily due to the recovery of previously recorded mortgage-related losses during the second quarter of 2015 .
Outside processing and software expense was $202 million in the current quarter, compared to $198 million in the prior quarter and $204 million in the second quarter of 2015 . The sequential increase of $4 million was primarily due to higher business activity levels.
FDIC premium and regulatory expense was $44 million in the current quarter, compared to $36 million in the prior quarter and $35 million in the second quarter of 2015 . The increase compared to both prior periods was driven primarily by higher FDIC assessment fees as a result of deposit growth and higher assessment rates.

5

Marketing and customer development expense was $38 million in the current quarter, compared to $44 million in the prior quarter and $34 million in the second quarter of 2015 . The sequential decline was due to higher advertising expenses in the first quarter of 2016 associated with our campaign to further advance the Company's purpose, while the increase over the second quarter of 2015 was due largely to the aforementioned marketing campaign.
Net occupancy expense was $78 million in the current quarter, compared to $85 million in both the prior quarter and the second quarter of 2015 . The $7 million decline compared to both periods was due to the recognition of previously deferred sale leaseback gains as a result of a reduction in our usage of leased office space.
Other noninterest expense was $142 million in the current quarter, compared to $107 million in the prior quarter, and $149 million in the second quarter of 2015 . The $35 million increase compared to the prior quarter was primarily driven by discrete costs associated with ongoing efficiency initiatives, higher consulting and legal fees, and an increase in credit-related expenses associated with higher loan production volume. The $7 million decrease compared to the second quarter of 2015 was driven primarily by debt extinguishment costs recognized in the second quarter of 2015 .
For the six months ended June 30, 2016 , noninterest expense was $2.7 billion compared to $2.6 billion for the first six months of 2015 . The $55 million increase was driven by higher employee compensation expense, marketing and customer development expense, and higher operating losses (due to discrete recoveries which were recorded during the first half of 2015).
Income Taxes
For the current quarter, the Company recorded an income tax provision of $201 million , compared to $195 million for the prior quarter and $202 million for the second quarter of 2015 . The effective tax rate for the current quarter was 29% , compared to 30% in the prior quarter and 29% in the second quarter of 2015 . The effective tax rates in the current quarter and the second quarter of 2015 were favorably impacted by $9 million and $15 million, respectively, in net discrete income tax items.

Balance Sheet
At June 30, 2016 , the Company had total assets of $199.1 billion and total shareholders’ equity of $24.5 billion , representing 12% of total assets. Book value per share was $46.14 and tangible book value per share was $33.98 , both up 3% compared to March 31, 2016 , driven by growth in retained earnings and an increase in accumulated other comprehensive income driven by the decline in long-term interest rates towards the end of the quarter.
Loans
Average performing loans were $140.3 billion for the current quarter, a 2% increase over the prior quarter and a 6% increase over the second quarter of 2015 . Sequential growth in average consumer loans, C&I loans, nonguaranteed residential mortgages, and commercial construction loans of $1.2 billion , $860 million , $696 million , and $357 million , respectively, was partially offset by a $385 million decline in home equity products. Year-over-year growth was concentrated in the same loan categories as those described above for the sequential quarter.
Deposits
Average consumer and commercial deposits for the current quarter were $154.2 billion , a 3% increase over the prior quarter and an 8% increase compared to the second quarter of 2015 . Average client deposits in the second quarter of 2016 were positively impacted by $2.2 billion related to a temporary corporate client escrow deposit. The increase compared to the second quarter of 2015 was driven by growth in both NOW and money market account balances, partially offset by a 5% decline in time deposits.

6

Capital and Liquidity
The Company’s estimated capital ratios were well above current regulatory requirements with the Common Equity Tier 1 ratio estimated to be 9.8% at June 30, 2016 , and 9.7% on a fully phased-in basis. The ratios of average total equity to average total assets and tangible common equity to tangible assets were 12.11% and 8.84% , respectively, at June 30 , 2016 . 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.
During the second quarter , the Company declared a common stock dividend of $0.24 per common share and repurchased $175 million of its outstanding common stock, which completed the authorized repurchase of common equity under its 2015 capital plan.
In June 2016, the Company announced that the Federal Reserve had no objections to its 2016 capital plan. This plan includes the repurchase of up to $960 million of the Company's outstanding common stock between the third quarter of 2016 and the second quarter of 2017. Additionally, subject to Board approval, the Company intends to increase its quarterly common stock dividend 8% to $0.26 per common share beginning in the third quarter of 2016 and to maintain the current level of dividend payments on its preferred stock.
Asset Quality
Total nonperforming assets were $1.0 billion at June 30, 2016 , down $34 million compared to the prior quarter and up $344 million compared to the second quarter of 2015 . The sequential reduction in nonperforming assets was primarily due to the resolution of certain energy-related loans, while the increase compared to June 30 , 2015 , was primarily due to downgrades of energy-related loans. At June 30 , 2016 , the ratio of nonperforming loans to total loans was 0.67% , compared to 0.70% at March 31 , 2016 , and 0.36% at June 30 , 2015 . Other real estate owned totaled $49 million , a 6% decrease from the prior quarter and a 32% decrease from the second quarter of 2015 .
Net charge-offs were $137 million during the current quarter, an increase of $52 million and $50 million compared to the prior quarter and the second quarter of 2015 , respectively, and included $70 million in energy-related net charge-offs. The ratio of annualized net charge-offs to total average loans was 0.39% during the current quarter, compared to 0.25% during the prior quarter and 0.26% during the second quarter of 2015 . The provision for credit losses was $146 million in the current quarter, an increase of $45 million and $120 million compared to the prior quarter and the second quarter of 2015 , respectively. The sequential and year-over-year increase in the provision for credit losses was primarily due to higher energy-related charge-offs, moderating asset quality improvements, and loan growth.
At June 30 , 2016 , the allowance for loan and lease losses was $1.8 billion , which represented 1.25% of total loans, an increase of $4 million from March 31 , 2016 . Excluding government-guaranteed and fair value loans, the allowance for loan and lease losses to period-end loans ratio was 1.31% as of June 30 , 2016 .
Early stage delinquencies declined 9 basis points from the prior quarter to 0.58% at June 30 , 2016 . Excluding government-guaranteed loans, early stage delinquencies were 0.23%, down 6 basis points from the prior quarter and down 2 basis points compared to a year ago.
Accruing restructured loans totaled $2.5 billion and nonaccruing restructured loans totaled $307 million at June 30, 2016, of which $2.6 billion were residential loans, $127 million were consumer loans, and $106 million were commercial loans. Nonaccruing restructured loans have increased $131 million relative to December 31, 2015, largely driven by the classification of certain modified home equity products to nonaccrual status in order to coincide with changes to our home equity line workout program. At June 30 , 2016 , substantially all of these nonaccruing restructured home equity loans were current with respect to payments and the vast majority are expected to return to accruing status after the borrowers have demonstrated six months of consistent payment history.

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 three business segments: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking. Its flagship subsidiary, SunTrust Bank, operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states, along with 24-hour digital access. Certain business lines serve consumer, commercial, corporate, and institutional clients nationally. As of  June 30, 2016 , SunTrust had total assets of  $199 billion  and total deposits of  $153 billion . The Company provides deposit, credit, trust, investment, mortgage, asset management, securities brokerage, and capital market services. SunTrust leads onUp, a national movement inspiring Americans to build financial confidence. Join the movement at onUp.com.
Business Segment Results
The Company has included its business segment financial tables as part of this release. All revenue in the business segment tables is reported on a fully taxable-equivalent basis. For the business segments, results include net interest income, which is computed using matched-maturity funds transfer pricing. Further, provision for credit losses represents net charge-offs by segment combined with an allocation to the segments of the provision attributable to quarterly changes in the allowance for loan and lease losses and unfunded commitment reserve balances. SunTrust also reports results for Corporate Other, which includes the Treasury department as well as the residual expense associated with operational and support expense allocations. The Corporate Other segment also includes differences created between internal management accounting practices and U.S. Generally Accepted Accounting Principles ("U.S. GAAP") and certain matched-maturity funds transfer pricing credits and charges. A detailed discussion of the business segment results will be included in the Company’s forthcoming Form 10-Q.
Corresponding Financial Tables and Information
Investors are encouraged to review the foregoing summary and discussion of SunTrust’s earnings and financial condition in conjunction with the detailed financial tables and information which SunTrust has also published today and SunTrust’s forthcoming Form 10-Q. Detailed financial tables and other information are also available at investors.suntrust.com. This information is also included in a current report on Form 8-K furnished with the SEC today.
Conference Call
SunTrust management will host a conference call on July 22 , 2016 , 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 1-888-972-7805 (Passcode: 2Q16). Individuals calling from outside the United States should dial 1-517-308-9091 (Passcode: 2Q16). A replay of the call will be available approximately one hour after the call ends on July 22 , 2016 , and will remain available until August 22 , 2016 , by dialing 1-888-568-0514 (domestic) or 1-402-530-8003 (international). Alternatively, individuals may listen to the live webcast of the presentation by visiting the SunTrust investor relations website at investors.suntrust.com. Beginning the afternoon of July 22 , 2016 , listeners may access an archived version of the webcast in the “Events & Presentations” section of the investor relations website. This webcast will be archived and available for one year.

8

Non-GAAP Financial Measures
This news release includes non-GAAP financial measures to describe SunTrust’s performance. The reconciliations of those measures to GAAP measures are provided within or in the appendix to this news release beginning at page 23.

In this news release, consistent with Securities and Exchange Commission Industry Guide 3, the Company presents total revenue, net interest income, net interest margin, and efficiency ratios on a fully taxable equivalent (“FTE”) basis, and ratios on an annualized basis. The FTE basis adjusts for the tax-favored status of net interest income from certain loans and investments using a federal tax rate of 35% and state income taxes where applicable to increase tax-exempt interest income to a taxable-equivalent basis. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources. Total revenue-FTE equals net interest income-FTE plus noninterest income.

The Company presents the following additional non-GAAP measures because many investors find them useful. Specifically:
		
•	The Company presents the allowance for loan and lease losses excluding government-guaranteed loans and fair value loans, and early-stage delinquencies excluding government-guaranteed loans and fair value loans. The Company believes that the exclusion of loans that are held at fair value with no related allowance, and loans guaranteed by a government agency that do not have an associated allowance recorded due to nominal risk of principal loss, better depicts the allowance relative to loans the allowance is intended to cover.	
		
•	The Company presents certain capital information on a tangible basis, including tangible equity, tangible common equity, the ratio of tangible equity to tangible assets, the ratio of tangible common equity to tangible assets, tangible book value per share, and the return on tangible common shareholders’ equity, which removes the after-tax impact of purchase accounting intangible assets from shareholders' equity and removes related intangible asset amortization from net income available to common shareholders. The Company believes these measures are useful to investors because, by removing the amount of intangible assets that result from merger and acquisition activity and amortization expense (the level of which may vary from company to company), it allows investors to more easily compare the Company’s capital position and return on average tangible common shareholders' equity to other companies in the industry who present similar measures. The Company also believes that removing these items provides a more relevant measure of the return on the Company's common shareholders' equity. These measures are utilized by management to assess the capital adequacy and profitability of the Company.	
		
•	Similarly, the Company presents an efficiency ratio-FTE and a tangible efficiency ratio-FTE. The efficiency ratio is computed by dividing noninterest expense by total revenue. Efficiency ratio-FTE is computed by dividing noninterest expense by total revenue-FTE. The tangible efficiency ratio-FTE excludes the amortization related to intangible assets and certain tax credits. The Company believes this measure is useful to investors because, by removing the impact of amortization (the level of which may vary from company to company), it allows investors to more easily compare the Company’s efficiency to other companies in the industry. This measure is utilized by management to assess the efficiency of the Company and its lines of business.	
		
•	The Company presents the Basel III Common Equity Tier 1 (CET1), on a fully-phased in basis. Fully phased-in ratios consider a 250% risk-weighting for MSRs and deduction from capital of certain carryforward DTAs, the overfunded pension asset, and other intangible assets. The Company believes this measure is useful to investors who wish to understand the Company's current compliance with future regulatory requirements.	
Important Cautionary Statement About Forward-Looking Statements
This news release contains forward-looking statements. Statements regarding potential future share repurchases, future expected dividends, and future levels of nonaccruing restructured loans are forward-looking statements. Also, any statement that does not describe historical or current facts is a forward-looking statement. These statements often include the words “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “forecast,” “goals,” “targets,” “initiatives,” “focus,” “potentially,” “probably,” “projects,” “outlook” or similar expressions or future conditional verbs such as “may,” “will,” “should,” “would,” and “could.” Forward-looking statements are based upon the current beliefs and expectations of management and on information currently available to management. Our statements speak as of the date hereof, and we do not assume any obligation to update these statements or to update the reasons why actual results could differ from those contained in such statements in light of new information or future events.

9

Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward looking statements. Future dividends, and the amount of any such dividend, must be declared by our board of directors in the future in their discretion. Also, future share repurchases and the timing of any such repurchase are subject to market conditions and management's discretion. Additional factors that could cause actual results to differ materially from those described in the forward-looking statements can be found in Part I, “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2015 and in other periodic reports that we file with the SEC.

10

SunTrust Banks, Inc. and Subsidiaries
FINANCIAL HIGHLIGHTS

																						
(Dollars in millions and shares in thousands, except per share data) (Unaudited) 	Three Months Ended June 30	 	%	 	Six Months Ended June 30	 	%	
	2016		2015	 	 Change	 	2016		2015	 	Change	
EARNINGS & DIVIDENDS	 		 	 	 	 	 		 	 	 	
Net income		$492		 		$483		 	2	 %	 		$939		 		$912		 	3	 %	
Net income available to common shareholders	475		 	467		 	2		 	906		 	877		 	3		
Total revenue	2,186		 	2,041		 	7		 	4,249		 	3,999		 	6		
Total revenue-FTE  1	2,221		 	2,077		 	7		 	4,320		 	4,070		 	6		
Net income per average common share:	 	 	 	 	 	 	 	 	 	 	 	
Diluted	0.94			0.89		 	6		 	1.78			1.67		 	7		
Basic	0.95			0.90		 	6		 	1.80			1.69		 	7		
Dividends paid per common share	0.24			0.24		 	—		 	0.48			0.44		 	9		
CONDENSED BALANCE SHEETS	 	 	 	 	 	 	 	 	 	 	 	
Selected Average Balances:	 	 	 	 	 	 	 	 	 	 	 	
Total assets		$198,307				$188,310		 	5	 %	 		$195,661				$188,785		 	4	 %	
Earning assets	178,055			168,461		 	6		 	176,122			168,321		 	5		
Loans	141,238			132,829		 	6		 	139,805			133,082		 	5		
Intangible assets including mortgage servicing rights ("MSRs")	7,543			7,572		 	—		 	7,556			7,537		 	—		
MSRs	1,192			1,223		 	(3	)	 	1,203			1,188		 	1		
Consumer and commercial deposits	154,166			142,851		 	8		 	151,698			141,670		 	7		
Total shareholders’ equity	24,018			23,239		 	3		 	23,907			23,206		 	3		
Preferred stock	1,225			1,225		 	—		 	1,225			1,225		 	—		
Period End Balances:	 	 	 	 	 	 	 	 	 	 	 	
Total assets	 	 	 	 	 	 	199,073			188,858		 	5		
Earning assets	 	 	 	 	 	 	178,852			168,499		 	6		
Loans	 	 	 	 	 	 	141,656			132,538		 	7		
Allowance for loan and lease losses ("ALLL")	 	 	 	 	 	 	1,774			1,834		 	(3	)	
Consumer and commercial deposits	 	 	 	 	 	 	151,779			143,922		 	5		
Total shareholders’ equity	 	 	 	 	 	 	24,464			23,223		 	5		
FINANCIAL RATIOS & OTHER DATA	 	 	 	 	 	 	 	 	 	 	 	
Return on average total assets	1.00	%		1.03	%	 	(3	)%	 	0.97	%		0.97	%	 	—	 %	
Return on average common shareholders’ equity 2	8.43			8.54		 	(1	)	 	8.07			8.09		 	—		
Return on average tangible common shareholders' equity 1, 2	11.54			11.88		 	(3	)	 	11.07			11.26		 	(2	)	
Net interest margin	2.91			2.78		 	5		 	2.93			2.76		 	6		
Net interest margin-FTE  1	2.99		 	2.86		 	5		 	3.01		 	2.85		 	6		
Efficiency ratio	61.53		 	65.07		 	(5	)	 	62.67		 	65.22		 	(4	)	
Efficiency ratio-FTE  1	60.56			63.92		 	(5	)	 	61.65			64.07		 	(4	)	
Tangible efficiency ratio-FTE  1	60.05			63.59		 	(6	)	 	61.16			63.75		 	(4	)	
Effective tax rate  	29			29		 	—		 	30			30		 	—		
Basel III capital ratios at period end (transitional) 3 :	 	 	 	 	 	 	 	 	 	 	 	
Common Equity Tier 1 ("CET1")	 	 	 	 	 	 	9.84		 	9.93		 	(1	)	
Tier 1 capital	 	 	 	 	 	 	10.55		 	10.79		 	(2	)	
Total capital	 	 	 	 	 	 	12.65		 	12.66		 	—		
Leverage	 	 	 	 	 	 	9.35		 	9.56		 	(2	)	
Basel III fully phased-in CET1 ratio 1, 3	 	 	 	 	 	 	9.70		 	9.76		 	(1	)	
Total average shareholders’ equity to total average assets	12.11	%		12.34	%	 	(2	)%	 	12.22			12.29		 	(1	)	
Tangible equity to tangible assets  1	 	 	 	 	 	 	9.53			9.38		 	2		
Tangible common equity to tangible assets 1	 	 	 	 	 	 	8.84		 	8.65		 	2		
Book value per common share 2	 	 	 	 	 	 		$46.14				$42.26		 	9		
Tangible book value per common share  1, 2	 	 	 	 	 	 	33.98			30.46		 	12		
Market capitalization	 	 	 	 	 	 	20,598			22,286		 	(8	)	
Average common shares outstanding:	 	 	 	 	 	 	 	 	 	 	 	
Diluted	505,560			522,479		 	(3	)	 	507,975			524,646		 	(3	)	
Basic	501,374			516,968		 	(3	)	 	503,428			518,983		 	(3	)	
Full-time equivalent employees	 	 	 	 	 	 	23,940			24,237		 	(1	)	
Number of ATMs	 	 	 	 	 	 	2,144			2,162		 	(1	)	
Full service banking offices	 	 	 	 	 	 	1,389			1,430		 	(3	)	

1  	See Appendix A for additional information and reconcilements of non-U.S. GAAP performance measures.	
		
2  	Beginning January 1, 2016, noncontrolling interest was removed from common shareholders' equity in the calculation to provide a more accurate measure of the Company's return on common equity. Accordingly, amounts for periods prior to January 1, 2016 have been updated for consistent presentation.	
3 Current period capital ratios are estimated as of the earnings release date.

11

SunTrust Banks, Inc. and Subsidiaries
FIVE QUARTER FINANCIAL HIGHLIGHTS

																				
 	Three Months Ended	
 	June 30	 	March 31	 	December 31	 	September 30	 	June 30	
(Dollars in millions and shares in thousands, except per share data) (Unaudited)	2016	 	2016	 	2015	 	2015	 	2015	
EARNINGS & DIVIDENDS	 	 	 	 	 	 	 	 	 	
Net income		$492		 		$447		 		$484		 		$537		 		$483		
Net income available to common shareholders	475		 	430		 	467		 	519		 	467		
Total revenue	2,186		 	2,063		 	2,011		 	2,022		 	2,041		
Total revenue-FTE 1	2,221		 	2,099		 	2,046		 	2,058		 	2,077		
Net income per average common share:	 	 	 	 	 	 	 	 	 	
Diluted	0.94		 	0.84		 	0.91		 	1.00		 	0.89		
Basic	0.95		 	0.85		 	0.92		 	1.01		 	0.90		
Dividends paid per common share	0.24		 	0.24		 	0.24		 	0.24		 	0.24		
CONDENSED BALANCE SHEETS	 	 	 	 	 	 	 	 	 	
Selected Average Balances:	 	 	 	 	 	 	 	 	 	
Total assets		$198,307		 		$193,014		 		$189,656		 		$188,341		 		$188,310		
Earning assets	178,055		 	174,189		 	170,262		 	168,334		 	168,461		
Loans	141,238		 	138,372		 	135,214		 	132,837		 	132,829		
Intangible assets including MSRs	7,543		 	7,569		 	7,629		 	7,711		 	7,572		
MSRs	1,192		 	1,215		 	1,273		 	1,352		 	1,223		
Consumer and commercial deposits	154,166		 	149,229		 	148,163		 	145,226		 	142,851		
Total shareholders’ equity	24,018		 	23,797		 	23,583		 	23,384		 	23,239		
Preferred stock	1,225		 	1,225		 	1,225		 	1,225		 	1,225		
Period End Balances:	 	 	 	 	 	 	 	 	 	
Total assets	199,073		 	194,158		 	190,817		 	187,036		 	188,858		
Earning assets	178,852		 	175,710		 	172,114		 	168,555		 	168,499		
Loans	141,656		 	139,746		 	136,442		 	133,560		 	132,538		
ALLL	1,774		 	1,770		 	1,752		 	1,786		 	1,834		
Consumer and commercial deposits	151,779		 	151,264		 	148,921		 	145,337		 	143,922		
Total shareholders’ equity	24,464		 	24,053		 	23,437		 	23,664		 	23,223		
FINANCIAL RATIOS & OTHER DATA	 	 	 	 	 	 	 	 	 	
Return on average total assets	1.00	%	 	0.93	%	 	1.01	%	 	1.13	%	 	1.03	%	
Return on average common shareholders’ equity 2	8.43		 	7.71		 	8.32		 	9.34		 	8.54		
Return on average tangible common shareholders' equity 1, 2	11.54		 	10.60		 	11.49		 	12.95		 	11.88		
Net interest margin	2.91		 	2.96		 	2.90		 	2.86		 	2.78		
Net interest margin-FTE  1	2.99		 	3.04		 	2.98		 	2.94		 	2.86		
Efficiency ratio	61.53		 	63.89		 	64.05		 	62.51		 	65.07		
Efficiency ratio-FTE 1	60.56		 	62.81		 	62.96		 	61.44		 	63.92		
Tangible efficiency ratio-FTE 1	60.05		 	62.33		 	62.11		 	60.99		 	63.59		
Effective tax rate	29		 	30		 	28		 	26		 	29		
Basel III capital ratios at period end (transitional) 3 :	 	 	 	 	 	 	 	 	 	
CET1	9.84		 	9.90		 	9.96		 	10.04		 	9.93		
Tier 1 capital	10.55		 	10.63		 	10.80		 	10.90		 	10.79		
Total capital	12.65		 	12.39		 	12.54		 	12.72		 	12.66		
Leverage	9.35		 	9.50		 	9.69		 	9.68		 	9.56		
Basel III fully phased-in CET1 ratio 1, 3	9.70		 	9.77		 	9.80		 	9.89		 	9.76		
Total average shareholders’ equity to total average assets	12.11		 	12.33		 	12.43		 	12.42		 	12.34		
Tangible equity to tangible assets  1	9.53		 	9.56		 	9.40		 	9.72		 	9.38		
Tangible common equity to tangible assets 1	8.84		 	8.85		 	8.67		 	8.98		 	8.65		
Book value per common share 2		$46.14		 		$44.97		 		$43.45		 		$43.44		 		$42.26		
Tangible book value per common share  1, 2	33.98		 	32.90		 	31.45		 	31.56		 	30.46		
Market capitalization	20,598		 	18,236		 	21,793		 	19,659		 	22,286		
Average common shares outstanding:	 	 	 	 	 	 	 	 	 	
Diluted	505,560		 	509,931		 	514,507		 	518,677		 	522,479		
Basic	501,374		 	505,482		 	508,536		 	513,010		 	516,968		
Full-time equivalent employees	23,940		 	23,945		 	24,043		 	24,124		 	24,237		
Number of ATMs	2,144		 	2,153		 	2,160		 	2,142		 	2,162		
Full service banking offices	1,389		 	1,397		 	1,401		 	1,406		 	1,430		

1  	See Appendix A for additional information and reconcilements of non-U.S. GAAP performance measures.	
		
2  	Beginning January 1, 2016, noncontrolling interest was removed from common shareholders' equity in the calculation to provide a more accurate measure of the Company's return on common equity. Accordingly, amounts for periods prior to January 1, 2016 have been updated for consistent presentation.	
3 Current period capital ratios are estimated as of the earnings release date.

12

SunTrust Banks, Inc. and Subsidiaries
CONSOLIDATED STATEMENTS OF INCOME

																														
 	Three Months Ended	 	Increase/(Decrease)	 	Six Months Ended	 	Increase/(Decrease)	
(Dollars in millions and shares in thousands, except per share data) (Unaudited)	June 30	 			June 30	 		
	2016		2015	 	Amount	 	  % 2	 	2016		2015	 	Amount	 	  % 2	
Interest income		$1,424				$1,297		 		$127		 	10	 %	 		$2,834				$2,569		 		$265		 	10	 %	
Interest expense	136			130		 	6		 	5		 	265			262		 	3		 	1		
NET INTEREST INCOME	1,288			1,167		 	121		 	10		 	2,569			2,307		 	262		 	11		
Provision for credit losses	146			26		 	120		 	NM		 	246			82		 	164		 	NM		
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	1,142			1,141		 	1		 	—		 	2,323			2,225		 	98		 	4		
NONINTEREST INCOME	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Service charges on deposit accounts	162		 	156		 	6		 	4		 	315			308		 	7		 	2		
Other charges and fees	104		 	99		 	5		 	5		 	197			188		 	9		 	5		
Card fees	83		 	84		 	(1	)	 	(1	)	 	160			164		 	(4	)	 	(2	)	
Investment banking income	126		 	145		 	(19	)	 	(13	)	 	225			242		 	(17	)	 	(7	)	
Trading income	34		 	54		 	(20	)	 	(37	)	 	89			109		 	(20	)	 	(18	)	
Trust and investment management income	75		 	84		 	(9	)	 	(11	)	 	150		 	168		 	(18	)	 	(11	)	
Retail investment services	72		 	80		 	(8	)	 	(10	)	 	141		 	152		 	(11	)	 	(7	)	
Mortgage production related income	111		 	76		 	35		 	46		 	171			159		 	12		 	8		
Mortgage servicing related income	52		 	30		 	22		 	73		 	114			73		 	41		 	56		
Net securities gains	4		 	14		 	(10	)	 	(71	)	 	4			14		 	(10	)	 	(71	)	
Other noninterest income	75		 	52		 	23		 	44		 	114			115		 	(1	)	 	(1	)	
Total noninterest income	898			874		 	24		 	3		 	1,680			1,692		 	(12	)	 	(1	)	
NONINTEREST EXPENSE	 	 	 	 	 	 	 	 	 		 	 	 	 	 	
Employee compensation and benefits	763		 	756		 	7		 	1		 	1,536			1,527		 	9		 	1		
Outside processing and software	202		 	204		 	(2	)	 	(1	)	 	400			394		 	6		 	2		
Net occupancy expense	78		 	85		 	(7	)	 	(8	)	 	163			169		 	(6	)	 	(4	)	
Equipment expense	42		 	42		 	—		 	—		 	82		 	82		 	—		 	—		
FDIC premium/regulatory exams	44		 	35		 	9		 	26		 	80		 	72		 	8		 	11		
Marketing and customer development	38		 	34		 	4		 	12		 	82			61		 	21		 	34		
Operating losses	25		 	16		 	9		 	56		 	50			30		 	20		 	67		
Amortization	11		 	7		 	4		 	57		 	21		 	13		 	8		 	62		
Other noninterest expense	142		 	149		 	(7	)	 	(5	)	 	249			260		 	(11	)	 	(4	)	
Total noninterest expense	1,345			1,328		 	17		 	1		 	2,663			2,608		 	55		 	2		
INCOME BEFORE PROVISION FOR INCOME TAXES	695			687		 	8		 	1		 	1,340			1,309		 	31		 	2		
Provision for income taxes	201			202		 	(1	)	 	—		 	396			393		 	3		 	1		
NET INCOME INCLUDING INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	494			485		 	9		 	2		 	944			916		 	28		 	3		
Net income attributable to noncontrolling interest	2			2		 	—		 	—		 	5			4		 	1		 	25		
NET INCOME		$492				$483		 		$9		 	2	 %	 		$939				$912		 		$27		 	3	 %	
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS		$475				$467		 		$8		 	2	 %	 		$906				$877		 		$29		 	3	 %	
Net interest income-FTE  1	1,323			1,203		 	120		 	10		 	2,640			2,378		 	262		 	11		
Total revenue	2,186		 	2,041		 	145		 	7		 	4,249		 	3,999		 	250		 	6		
Total revenue-FTE 1	2,221		 	2,077		 	144		 	7		 	4,320		 	4,070		 	250		 	6		
Net income per average common share:	 	 	 	 		 		 	 	 	 	 	 	 	 	
Diluted	0.94			0.89		 	0.05		 	6		 	1.78			1.67		 	0.11		 	7		
Basic	0.95			0.90		 	0.05		 	6		 	1.80			1.69		 	0.11		 	7		
Cash dividends paid per common share	0.24			0.24		 	—		 	—		 	0.48			0.44		 	0.04		 	9		
Average common shares outstanding:	 	 	 	 		 		 	 	 	 	 	 	 	 	
Diluted	505,560			522,479		 	(16,919	)	 	(3	)	 	507,975			524,646		 	(16,671	)	 	(3	)	
Basic	501,374			516,968		 	(15,594	)	 	(3	)	 	503,428			518,983		 	(15,555	)	 	(3	)	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
1 See Appendix A for additional information and reconcilements of non-U.S. GAAP measures to the related U.S.GAAP measures.
2 "NM" - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

13

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

																											
 	Three Months Ended	 	 	 	Three Months Ended	
(Dollars in millions and shares in thousands, except per share data)
(Unaudited)	June 30	 	March 31	 	Increase/(Decrease)	 	December 31	 	September 30	 	June 30	
	2016	 	2016	 	Amount	 	  % 2	 	2015	 	2015	 	2015	
Interest income		$1,424		 		$1,411		 		$13		 	1	 %	 		$1,363		 		$1,333		 		$1,297		
Interest expense	136		 	129		 	7		 	5		 	117		 	122		 	130		
NET INTEREST INCOME	1,288		 	1,282		 	6		 	—		 	1,246		 	1,211		 	1,167		
Provision for credit losses	146		 	101		 	45		 	45		 	51		 	32		 	26		
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	1,142		 	1,181		 	(39	)	 	(3	)	 	1,195		 	1,179		 	1,141		
NONINTEREST INCOME	 	 	 	 	 	 	 	 	 	 	 	 	 	
Service charges on deposit accounts	162		 	153		 	9		 	6		 	156		 	159		 	156		
Other charges and fees	104		 	93		 	11		 	12		 	92		 	97		 	99		
Card fees	83		 	78		 	5		 	6		 	82		 	83		 	84		
Investment banking income	126		 	98		 	28		 	29		 	104		 	115		 	145		
Trading income	34		 	55		 	(21	)	 	(38	)	 	42		 	31		 	54		
Trust and investment management income	75		 	75		 	—		 	—		 	79		 	86		 	84		
Retail investment services	72		 	69		 	3		 	4		 	71		 	77		 	80		
Mortgage production related income	111		 	60		 	51		 	85		 	53		 	58		 	76		
Mortgage servicing related income	52		 	62		 	(10	)	 	(16	)	 	56		 	40		 	30		
Net securities gains	4		 	—		 	4		 	NM		 	—		 	7		 	14		
Other noninterest income	75		 	38		 	37		 	97		 	30		 	58		 	52		
Total noninterest income	898		 	781		 	117		 	15		 	765		 	811		 	874		
NONINTEREST EXPENSE	 	 	 	 	 	 	 	 	 	 	 	 	 	
Employee compensation and benefits	763		 	774		 	(11	)	 	(1	)	 	690		 	725		 	756		
Outside processing and software	202		 	198		 	4		 	2		 	222		 	200		 	204		
Net occupancy expense	78		 	85		 	(7	)	 	(8	)	 	86		 	86		 	85		
Equipment expense	42		 	40		 	2		 	5		 	41		 	41		 	42		
FDIC premium/regulatory exams	44		 	36		 	8		 	22		 	35		 	32		 	35		
Marketing and customer development	38		 	44		 	(6	)	 	(14	)	 	48		 	42		 	34		
Operating losses	25		 	24		 	1		 	4		 	22		 	3		 	16		
Amortization	11		 	10		 	1		 	10		 	17		 	9		 	7		
Other noninterest expense	142		 	107		 	35		 	33		 	127		 	126		 	149		
Total noninterest expense	1,345		 	1,318		 	27		 	2		 	1,288		 	1,264		 	1,328		
INCOME BEFORE PROVISION FOR INCOME TAXES	695		 	644		 	51		 	8		 	672		 	726		 	687		
Provision for income taxes	201		 	195		 	6		 	3		 	185		 	187		 	202		
NET INCOME INCLUDING INCOME ATTRIBUTABLE
TO NONCONTROLLING INTEREST	494		 	449		 	45		 	10		 	487		 	539		 	485		
Net income attributable to noncontrolling interest	2		 	2		 	—		 	—		 	3		 	2		 	2		
NET INCOME		$492		 		$447		 		$45		 	10	 %	 		$484		 		$537		 		$483		
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS		$475		 		$430		 		$45		 	10	 %	 		$467		 		$519		 		$467		
Net interest income-FTE  1	1,323		 	1,318		 	5		 	—		 	1,281		 	1,247		 	1,203		
Total revenue	2,186		 	2,063		 	123		 	6		 	2,011		 	2,022		 	2,041		
Total revenue-FTE 1	2,221		 	2,099		 	122		 	6		 	2,046		 	2,058		 	2,077		
Net income per average common share:	 	 	 	 	 	 	 	 	 	 	 	 	 	
Diluted	0.94		 	0.84		 	0.10		 	12		 	0.91		 	1.00		 	0.89		
Basic	0.95		 	0.85		 	0.10		 	12		 	0.92		 	1.01		 	0.90		
Cash dividends paid per common share	0.24		 	0.24		 	—		 	—		 	0.24		 	0.24		 	0.24		
Average common shares outstanding:	 	 	 	 	 	 	 	 	 	 	 	 	 	
Diluted	505,560		 	509,931		 	(4,371	)	 	(1	)	 	514,507		 	518,677		 	522,479		
Basic	501,374		 	505,482		 	(4,108	)	 	(1	)	 	508,536		 	513,010		 	516,968		

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

14

SunTrust Banks, Inc. and Subsidiaries
CONSOLIDATED BALANCE SHEETS

															
 	June 30	 	(Decrease)/Increase	
(Dollars in millions and shares in thousands, except per share data) (Unaudited)	2016	 	2015	 	Amount	 	  %  2	
ASSETS	 	 	 	 	 	 	 	
Cash and due from banks		$4,134		 		$5,915		 		($1,781	)	 	(30	)%	
Federal funds sold and securities borrowed or purchased under agreements to resell	1,107		 	1,350		 	(243	)	 	(18	)	
Interest-bearing deposits in other banks	24		 	23		 	1		 	4		
Trading assets and derivative instruments	7,031		 	6,438		 	593		 	9		
Securities available for sale	29,336		 	27,113		 	2,223		 	8		
Loans held for sale ("LHFS")	2,468		 	2,457		 	11		 	—		
Loans held for investment:	 	 	 	 	 	 	 	
Commercial and industrial ("C&I")	68,603		 	65,713		 	2,890		 	4		
Commercial real estate ("CRE")	6,228		 	6,058		 	170		 	3		
Commercial construction	2,617		 	1,530		 	1,087		 	71		
Residential mortgages - guaranteed	534		 	625		 	(91	)	 	(15	)	
Residential mortgages - nonguaranteed	26,037		 	24,038		 	1,999		 	8		
Residential home equity products	12,481		 	13,672		 	(1,191	)	 	(9	)	
Residential construction	397		 	401		 	(4	)	 	(1	)	
Consumer student - guaranteed	5,562		 	4,401		 	1,161		 	26		
Consumer other direct	6,825		 	5,329		 	1,496		 	28		
Consumer indirect	11,195		 	9,834		 	1,361		 	14		
Consumer credit cards	1,177		 	937		 	240		 	26		
Total loans held for investment	141,656		 	132,538		 	9,118		 	7		
Allowance for loan and lease losses ("ALLL")	(1,774	)	 	(1,834	)	 	(60	)	 	(3	)	
Net loans held for investment	139,882		 	130,704		 	9,178		 	7		
Goodwill	6,337		 	6,337		 	—		 	—		
MSRs	1,061		 	1,393		 	(332	)	 	(24	)	
Other assets	7,693		 	7,128		 	565		 	8		
Total assets 1		$199,073		 		$188,858		 		$10,215		 	5	 %	
LIABILITIES	 	 	 	 	 	 	 	
Deposits:	 	 	 	 	 	 	 	
Noninterest-bearing consumer and commercial deposits		$42,466		 		$42,773		 		($307	)	 	(1	)%	
Interest-bearing consumer and commercial deposits:	 	 	 	 	 	 	 	
NOW accounts	39,869		 	35,125		 	4,744		 	14		
Money market accounts	53,410		 	49,586		 	3,824		 	8		
Savings	6,343		 	6,263		 	80		 	1		
Consumer time	5,836		 	6,398		 	(562	)	 	(9	)	
Other time	3,855		 	3,777		 	78		 	2		
Total consumer and commercial deposits	151,779		 	143,922		 	7,857		 	5		
Brokered time deposits	972		 	865		 	107		 	12		
Foreign deposits	—		 	150		 	(150	)	 	(100	)	
Total deposits	152,751		 	144,937		 	7,814		 	5		
Funds purchased	1,352		 	1,011		 	341		 	34		
Securities sold under agreements to repurchase	1,622		 	1,858		 	(236	)	 	(13	)	
Other short-term borrowings	1,883		 	3,248		 	(1,365	)	 	(42	)	
Long-term debt	12,264		 	10,109		 	2,155		 	21		
Trading liabilities and derivative instruments	1,426		 	1,308		 	118		 	9		
Other liabilities	3,311		 	3,164		 	147		 	5		
Total liabilities	174,609		 	165,635		 	8,974		 	5		
SHAREHOLDERS' EQUITY	 	 	 	 	 	 	 	
Preferred stock, no par value	1,225		 	1,225		 	—		 	—		
Common stock, $1.00 par value	550		 	550		 	—		 	—		
Additional paid-in capital	9,003		 	9,080		 	(77	)	 	(1	)	
Retained earnings	15,353		 	13,944		 	1,409		 	10		
Treasury stock, at cost, and other	(1,900	)	 	(1,282	)	 	618		 	48		
Accumulated other comprehensive income/(loss), net of tax	233		 	(294	)	 	527		 	NM		
Total shareholders' equity	24,464		 	23,223		 	1,241		 	5		
Total liabilities and shareholders' equity		$199,073		 		$188,858		 		$10,215		 	5	 %	
 	 	 	 	 	 	 	 	
Common shares outstanding	501,412		 	518,045		 	(16,633	)	 	(3	)%	
Common shares authorized	750,000		 	750,000		 	—		 	—		
Preferred shares outstanding	12		 	12		 	—		 	—		
Preferred shares authorized	50,000		 	50,000		 	—		 	—		
Treasury shares of common stock	48,509		 	31,876		 	16,633		 	52		
1 Includes earning assets of $178,852 and $168,499 at June 30 , 2016 and 2015 , respectively.
2 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

15

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

																											
(Dollars in millions and shares in thousands, except per share data) (Unaudited)	June 30	 	March 31	 	Increase/(Decrease)	 	December 31	 	September 30	 	June 30	
	2016	 	2016	 	Amount	 	  % 2	 	2015	 	2015	 	2015	
ASSETS	 	 	 	 	 	 	 	 	 	 	 	 	 	
Cash and due from banks		$4,134		 		$3,074		 		$1,060		 	34	 %	 		$4,299		 		$3,788		 		$5,915		
Federal funds sold and securities borrowed or purchased under agreements to resell	1,107		 	1,229		 	(122	)	 	(10	)	 	1,277		 	1,105		 	1,350		
Interest-bearing deposits in other banks	24		 	24		 	—		 	—		 	23		 	23		 	23		
Trading assets and derivative instruments	7,031		 	7,050		 	(19	)	 	—		 	6,119		 	6,537		 	6,438		
Securities available for sale	29,336		 	28,188		 	1,148		 	4		 	27,825		 	27,270		 	27,113		
LHFS	2,468		 	1,911		 	557		 	29		 	1,838		 	2,032		 	2,457		
Loans held for investment:	 	 	 	 	 	 	 	 	 	 	 	 	 	
C&I	68,603		 	68,963		 	(360	)	 	(1	)	 	67,062		 	65,371		 	65,713		
CRE	6,228		 	6,034		 	194		 	3		 	6,236		 	6,168		 	6,058		
Commercial construction	2,617		 	2,498		 	119		 	5		 	1,954		 	1,763		 	1,530		
Residential mortgages - guaranteed	534		 	623		 	(89	)	 	(14	)	 	629		 	627		 	625		
Residential mortgages - nonguaranteed	26,037		 	25,148		 	889		 	4		 	24,744		 	24,351		 	24,038		
Residential home equity products	12,481		 	12,845		 	(364	)	 	(3	)	 	13,171		 	13,416		 	13,672		
Residential construction	397		 	383		 	14		 	4		 	384		 	394		 	401		
Consumer student - guaranteed	5,562		 	5,265		 	297		 	6		 	4,922		 	4,588		 	4,401		
Consumer other direct	6,825		 	6,372		 	453		 	7		 	6,127		 	5,771		 	5,329		
Consumer indirect	11,195		 	10,522		 	673		 	6		 	10,127		 	10,119		 	9,834		
Consumer credit cards	1,177		 	1,093		 	84		 	8		 	1,086		 	992		 	937		
Total loans held for investment	141,656		 	139,746		 	1,910		 	1		 	136,442		 	133,560		 	132,538		
ALLL	(1,774	)	 	(1,770	)	 	4		 	—		 	(1,752	)	 	(1,786	)	 	(1,834	)	
Net loans held for investment	139,882		 	137,976		 	1,906		 	1		 	134,690		 	131,774		 	130,704		
Goodwill	6,337		 	6,337		 	—		 	—		 	6,337		 	6,337		 	6,337		
MSRs	1,061		 	1,182		 	(121	)	 	(10	)	 	1,307		 	1,262		 	1,393		
Other assets	7,693		 	7,187		 	506		 	7		 	7,102		 	6,908		 	7,128		
Total assets 1		$199,073		 		$194,158		 		$4,915		 	3	 %	 		$190,817		 		$187,036		 		$188,858		
LIABILITIES	 	 	 	 	 	 	 	 	 	 	 	 	 	
Deposits:	 	 	 	 	 	 	 	 	 	 	 	 	 	
Noninterest-bearing consumer and commercial deposits		$42,466		 		$42,256		 		$210		 	—	 %	 		$42,272		 		$41,487		 		$42,773		
Interest-bearing consumer and commercial deposits:	 	 	 	 	 	 	 	 	 	 	 	 		
NOW accounts	39,869		 	39,273		 	596		 	2		 	38,990		 	36,164		 	35,125		
Money market accounts	53,410		 	53,327		 	83		 	—		 	51,783		 	51,628		 	49,586		
Savings	6,343		 	6,418		 	(75	)	 	(1	)	 	6,057		 	6,133		 	6,263		
Consumer time	5,836		 	6,085		 	(249	)	 	(4	)	 	6,108		 	6,205		 	6,398		
Other time	3,855		 	3,905		 	(50	)	 	(1	)	 	3,711		 	3,720		 	3,777		
Total consumer and commercial deposits	151,779		 	151,264		 	515		 	—		 	148,921		 	145,337		 	143,922		
Brokered time deposits	972		 	897		 	75		 	8		 	899		 	884		 	865		
Foreign deposits	—		 	—		 	—		 	—		 	10		 	150		 	150		
Total deposits	152,751		 	152,161		 	590		 	—		 	149,830		 	146,371		 	144,937		
Funds purchased	1,352		 	1,497		 	(145	)	 	(10	)	 	1,949		 	1,329		 	1,011		
Securities sold under agreements to repurchase	1,622		 	1,774		 	(152	)	 	(9	)	 	1,654		 	1,536		 	1,858		
Other short-term borrowings	1,883		 	1,673		 	210		 	13		 	1,024		 	1,077		 	3,248		
Long-term debt	12,264		 	8,514		 	3,750		 	44		 	8,462		 	8,444		 	10,109		
Trading liabilities and derivative instruments	1,426		 	1,536		 	(110	)	 	(7	)	 	1,263		 	1,330		 	1,308		
Other liabilities	3,311		 	2,950		 	361		 	12		 	3,198		 	3,285		 	3,164		
Total liabilities	174,609		 	170,105		 	4,504		 	3		 	167,380		 	163,372		 	165,635		
SHAREHOLDERS’ EQUITY	 	 	 	 	 	 	 	 	 	 	 	 	 	
Preferred stock, no par value	1,225		 	1,225		 	—		 	—		 	1,225		 	1,225		 	1,225		
Common stock, $1.00 par value	550		 	550		 	—		 	—		 	550		 	550		 	550		
Additional paid-in capital	9,003		 	9,017		 	(14	)	 	—		 	9,094		 	9,087		 	9,080		
Retained earnings	15,353		 	14,999		 	354		 	2		 	14,686		 	14,341		 	13,944		
Treasury stock, at cost, and other	(1,900	)	 	(1,759	)	 	141		 	8		 	(1,658	)	 	(1,451	)	 	(1,282	)	
Accumulated other comprehensive income/(loss), net of tax	233		 	21		 	212		 	NM		 	(460	)	 	(88	)	 	(294	)	
Total shareholders’ equity	24,464		 	24,053		 	411		 	2		 	23,437		 	23,664		 	23,223		
Total liabilities and shareholders’ equity		$199,073		 		$194,158		 		$4,915		 	3	 %	 		$190,817		 		$187,036		 		$188,858		
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Common shares outstanding	501,412		 	505,443		 	(4,031	)	 	(1	)%	 	508,712		 	514,106		 	518,045		
Common shares authorized	750,000		 	750,000		 	—		 	—		 	750,000		 	750,000		 	750,000		
Preferred shares outstanding	12		 	12		 	—		 	—		 	12		 	12		 	12		
Preferred shares authorized	50,000		 	50,000		 	—		 	—		 	50,000		 	50,000		 	50,000		
Treasury shares of common stock	48,509		 	44,478		 	4,031		 	9		 	41,209		 	35,815		 	31,876		
1 Includes earning assets of $178,852 , $175,710 , $172,114 , $168,555 , and $168,499 at June 30 , 2016 , March 31 , 2016 , December 31 , 2015 , September 30 , 2015 , and June 30 , 2015 , respectively.
2 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

16

	
																																				
SunTrust Banks, Inc. and Subsidiaries
CONSOLIDATED DAILY AVERAGE BALANCES, INCOME/EXPENSE, AND AVERAGE YIELDS EARNED/RATES PAID	
 	Three Months Ended	 	Increase/(Decrease) From	
 	June 30, 2016	 	March 31, 2016	 	Sequential Quarter	 	Prior Year Quarter	
(Dollars in millions) (Unaudited)	Average
Balances  	 	Interest Income/Expense	 	Yields/
Rates	 	Average
Balances	 	Interest Income/Expense	 	Yields/
Rates	 	Average
Balances	 	Yields/
Rates	 	Average
Balances  	 	Yields/
Rates	
ASSETS	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Loans held for investment: 1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial and industrial ("C&I")		$68,918				$533			3.11	%	 		$68,058		 		$529		 	3.13	%	 		$860		 	(0.02	)	 		$3,175		 	0.12		
Commercial real estate ("CRE")	6,055			44			2.91		 	6,066		 	44		 	2.91		 	(11	)	 	—		 	(91	)	 	0.10		
Commercial construction	2,589			21			3.25		 	2,232		 	18		 	3.28		 	357		 	(0.03	)	 	1,070		 	0.07		
Residential mortgages - guaranteed	580			6			3.98		 	641		 	6		 	3.80		 	(61	)	 	0.18		 	(51	)	 	0.13		
Residential mortgages - nonguaranteed	25,408			241			3.80		 	24,712		 	236		 	3.81		 	696		 	(0.01	)	 	1,929		 	(0.06	)	
Residential home equity products	12,464			122			3.95		 	12,849		 	126		 	3.95		 	(385	)	 	—		 	(1,193	)	 	0.27		
Residential construction	376			4			4.41		 	368		 	4		 	4.42		 	8		 	(0.01	)	 	(6	)	 	(0.42	)	
Consumer student - guaranteed	5,412			54			3.98		 	5,092		 	50		 	3.98		 	320		 	—		 	1,067		 	0.24		
Consumer other direct	6,590			74			4.54		 	6,239		 	70		 	4.48		 	351		 	0.06		 	1,450		 	0.27		
Consumer indirect	10,771			90			3.37		 	10,279		 	87		 	3.39		 	492		 	(0.02	)	 	487		 	0.17		
Consumer credit cards	1,125			29			10.09		 	1,077		 	28		 	10.31		 	48		 	(0.22	)	 	221		 	0.24		
Nonaccrual	950			4			1.67		 	759		 	5		 	2.72		 	191		 	(1.05	)	 	351		 	(3.66	)	
Total loans held for investment	141,238			1,222			3.48		 	138,372		 	1,203		 	3.50		 	2,866		 	(0.02	)	 	8,409		 	0.11		
Securities available for sale:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Taxable	27,910			160			2.29		 	27,164		 	162		 	2.39		 	746		 	(0.10	)	 	1,735		 	0.23		
Tax-exempt	151			1			3.60		 	151		 	1		 	3.64		 	—		 	(0.04	)	 	(29	)	 	(0.12	)	
Total securities available for sale	28,061			161			2.29		 	27,315		 	163		 	2.39		 	746		 	(0.10	)	 	1,706		 	0.21		
Federal funds sold and securities borrowed or purchased under agreements to resell	1,227			—			0.17		 	1,234		 	—		 	0.18		 	(7	)	 	(0.01	)	 	7		 	0.17		
Loans held for sale ("LHFS")	2,015			18			3.61		 	1,816		 	19		 	4.15		 	199		 	(0.54	)	 	(742	)	 	0.26		
Interest-bearing deposits in other banks	23			—			0.29		 	23		 	—		 	0.47		 	—		 	(0.18	)	 	—		 	0.16		
Interest earning trading assets	5,491			23			1.65		 	5,429		 	26		 	1.86		 	62		 	(0.21	)	 	214		 	(0.02	)	
Total earning assets	178,055			1,424			3.22		 	174,189		 	1,411		 	3.26		 	3,866		 	(0.04	)	 	9,594		 	0.13		
Allowance for loan and lease losses ("ALLL")	(1,756	)		 	 	 	 	(1,750	)	 	 	 	 	 	(6	)	 	 	 	108		 	 	
Cash and due from banks	5,127			 	 	 	 	4,015		 	 	 	 	 	1,112		 	 	 	(82	)	 	 	
Other assets	14,675			 	 	 	 	14,639		 	 	 	 	 	36		 	 	 	26		 	 	
Noninterest earning trading assets and derivative instruments	1,529			 	 	 	 	1,387		 	 	 	 	 	142		 	 	 	264		 	 	
Unrealized gains on securities available for sale, net	677			 	 	 	 	534		 	 	 	 	 	143		 	 	 	87		 	 	
Total assets		$198,307			 	 	 	 		$193,014		 	 	 	 	 		$5,293		 	 	 		$9,997		 	 	
LIABILITIES AND SHAREHOLDERS’ EQUITY	 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Interest-bearing deposits:	 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NOW accounts		$41,691				$13			0.12	%	 		$37,994		 		$10		 	0.10	%	 		$3,697		 	0.02		 		$7,335		 	0.03		
Money market accounts	53,186			25			0.19		 	53,063		 	24		 	0.18		 	123		 	0.01		 	3,659		 	0.02		
Savings	6,399			1			0.02		 	6,179		 	—		 	0.03		 	220		 	(0.01	)	 	118		 	(0.01	)	
Consumer time	5,984			11			0.76		 	6,104		 	12		 	0.79		 	(120	)	 	(0.03	)	 	(561	)	 	(0.01	)	
Other time	3,881			10			1.03		 	3,813		 	10		 	1.04		 	68		 	(0.01	)	 	42		 	—		
Total interest-bearing consumer and commercial deposits	111,141			60			0.22		 	107,153		 	56		 	0.21		 	3,988		 	0.01		 	10,593		 	0.01		
Brokered time deposits	913			3			1.35		 	898		 	3		 	1.37		 	15		 	(0.02	)	 	38		 	(0.04	)	
Foreign deposits	46			—			0.34		 	4		 	—		 	0.33		 	42		 	0.01		 	(197	)	 	0.22		
Total interest-bearing deposits	112,100			63			0.23		 	108,055		 	59		 	0.22		 	4,045		 	0.01		 	10,434		 	0.01		
Funds purchased	1,032			1			0.36		 	1,399		 	1		 	0.35		 	(367	)	 	0.01		 	322		 	0.26		
Securities sold under agreements to repurchase	1,718			2			0.40		 	1,819		 	2		 	0.40		 	(101	)	 	—		 	(109	)	 	0.20		
Interest-bearing trading liabilities	1,006			6			2.39		 	1,017		 	6		 	2.56		 	(11	)	 	(0.17	)	 	81		 	(0.05	)	
Other short-term borrowings	1,220			—			0.20		 	2,351		 	2		 	0.32		 	(1,131	)	 	(0.12	)	 	(362	)	 	0.06		
Long-term debt	10,517			64			2.46		 	8,637		 	59		 	2.73		 	1,880		 	(0.27	)	 	(1,893	)	 	0.28		
Total interest-bearing liabilities	127,593			136			0.43		 	123,278		 	129		 	0.42		 	4,315		 	0.01		 	8,473		 	(0.01	)	
Noninterest-bearing deposits	43,025			 	 	 	 	42,076		 	 	 	 	 	949		 	 	 	722		 	 	
Other liabilities	3,217			 	 	 	 	3,321		 	 	 	 	 	(104	)	 	 	 	(18	)	 	 	
Noninterest-bearing trading liabilities and derivative instruments	454			 	 	 	 	542		 	 	 	 	 	(88	)	 	 	 	41		 	 	
Shareholders’ equity	24,018			 	 	 	 	23,797		 	 	 	 	 	221		 	 	 	779		 	 	
Total liabilities and shareholders’ equity		$198,307			 	 	 	 		$193,014		 	 	 	 	 		$5,293		 	 	 		$9,997		 	 	
Interest Rate Spread	 		 		2.79	%	 	 	 	 	 	2.84	%	 	 	 	(0.05	)	 	 	 	0.14		
Net Interest Income	 			$1,288			 	 	 	 		$1,282		 	 	 	 	 	 	 	 	 	 	
Net Interest Income-FTE 2	 	 		$1,323		 	 	 	 	 		$1,318		 	 	 	 	 	 	 	 	 	 	
Net Interest Margin  3	 		 		2.91	%	 	 	 	 	 	2.96	%	 	 	 	(0.05	)	 	 	 	0.13		
Net Interest Margin-FTE  2, 3	 	 	 	 	2.99		 	 	 	 	 	3.04		 	 	 	(0.05	)	 	 	 	0.13		
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
1 Interest income includes loan fees of $41 million and $43 million for the three months ended June 30, 2016 and March 31, 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 three months ended June 30, 2016 and March 31, 2016 was attributed to C&I loans.
3 Net interest margin is calculated by dividing annualized net interest income by average total earning assets.

17

	
																																	
SunTrust Banks, Inc. and Subsidiaries
CONSOLIDATED DAILY AVERAGE BALANCES, INCOME/EXPENSE, AND AVERAGE YIELDS EARNED/RATES PAID, continued	
 	Three Months Ended	
 	December 31, 2015	 	September 30, 2015	 	June 30, 2015	
(Dollars in millions) (Unaudited)	Average
Balances  	 	Interest Income/Expense	 	Yields/
Rates	 	Average
Balances  	 	Interest Income/Expense	 	Yields/
Rates	 	Average
Balances  	 	Interest Income/Expense	 	Yields/
Rates	
ASSETS	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Loans held for investment: 1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
C&I		$66,405		 		$508		 	3.04	%	 		$65,269		 		$499		 	3.04	%	 		$65,743				$490			2.99	%	
CRE	6,072		 	43		 	2.78		 	6,024		 	43		 	2.85		 	6,146			43			2.81		
Commercial construction	1,936		 	15		 	3.05		 	1,609		 	13		 	3.12		 	1,519			12			3.18		
Residential mortgages - guaranteed	647		 	7		 	4.49		 	630		 	5		 	3.14		 	631			6			3.85		
Residential mortgages - nonguaranteed	24,325		 	232		 	3.82		 	24,109		 	232		 	3.85		 	23,479			226			3.86		
Residential home equity products	13,161		 	125		 	3.78		 	13,381		 	126		 	3.72		 	13,657			125			3.68		
Residential construction	376		 	4		 	4.65		 	379		 	5		 	4.68		 	382			5			4.83		
Consumer student - guaranteed	4,745		 	46		 	3.86		 	4,494		 	43		 	3.83		 	4,345			41			3.74		
Consumer other direct	5,924		 	65		 	4.34		 	5,550		 	61		 	4.33		 	5,140			55			4.27		
Consumer indirect	10,098		 	85		 	3.35		 	9,968		 	83		 	3.29		 	10,284			82			3.20		
Consumer credit cards	1,024		 	26		 	10.17		 	965		 	24		 	10.14		 	904			22			9.85		
Nonaccrual	501		 	5		 	3.86		 	459		 	5		 	4.49		 	599			8			5.33		
Total loans held for investment	135,214		 	1,161		 	3.41		 	132,837		 	1,139		 	3.40		 	132,829			1,115			3.37		
Securities available for sale:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Taxable	26,823		 	162		 	2.42		 	26,621		 	151		 	2.27		 	26,175			135			2.06		
Tax-exempt	161		 	1		 	3.67		 	170		 	2		 	3.69		 	180			2			3.72		
Total securities available for sale	26,984		 	163		 	2.42		 	26,791		 	153		 	2.28		 	26,355			137			2.08		
Federal funds sold and securities borrowed or purchased under agreements to resell	1,127		 	—		 	0.01		 	1,100		 	—		 	0.03		 	1,220			—			—		
LHFS	1,728		 	16		 	3.70		 	2,288		 	20		 	3.60		 	2,757			23			3.35		
Interest-bearing deposits in other banks	23		 	—		 	0.09		 	22		 	—		 	0.14		 	23			—			0.13		
Interest earning trading assets	5,186		 	23		 	1.73		 	5,296		 	21		 	1.57		 	5,277			22			1.67		
Total earning assets	170,262		 	1,363		 	3.18		 	168,334		 	1,333		 	3.14		 	168,461			1,297			3.09		
ALLL	(1,764	)	 	 	 	 	 	(1,804	)	 	 	 	 	 	(1,864	)		 	 	 	
Cash and due from banks	4,965		 	 	 	 	 	5,729		 	 	 	 	 	5,209			 	 	 	
Other assets	14,525		 	 	 	 	 	14,522		 	 	 	 	 	14,649			 	 	 	
Noninterest earning trading assets and derivative instruments	1,230		 	 	 	 	 	1,165		 	 	 	 	 	1,265			 	 	 	
Unrealized gains on securities available for sale, net	438		 	 	 	 	 	395		 	 	 	 	 	590			 	 	 	
Total assets		$189,656		 	 	 	 	 		$188,341		 	 	 	 	 		$188,310			 	 	 	
LIABILITIES AND SHAREHOLDERS’ EQUITY	 	 	 	 	 	 	 	 	 	 	 	 	 		 	 	 	
Interest-bearing deposits:	 	 	 	 	 	 	 	 	 	 	 	 	 		 	 	 	
NOW accounts		$37,293		 		$9		 	0.09	%	 		$35,784		 		$8		 	0.09	%	 		$34,356				$8			0.09	%	
Money market accounts	52,250		 	21		 	0.16		 	51,064		 	21		 	0.16		 	49,527			21			0.17		
Savings	6,095		 	—		 	0.03		 	6,203		 	—		 	0.03		 	6,281			—			0.03		
Consumer time	6,156		 	12		 	0.77		 	6,286		 	12		 	0.75		 	6,545			13			0.77		
Other time	3,721		 	10		 	1.02		 	3,738		 	10		 	1.01		 	3,839			10			1.03		
Total interest-bearing consumer and commercial deposits	105,515		 	52		 	0.19		 	103,075		 	51		 	0.20		 	100,548			52			0.21		
Brokered time deposits	890		 	3		 	1.38		 	870		 	3		 	1.38		 	875			3			1.39		
Foreign deposits	156		 	—		 	0.14		 	140		 	—		 	0.13		 	243			—			0.12		
Total interest-bearing deposits	106,561		 	55		 	0.20		 	104,085		 	54		 	0.21		 	101,666			55			0.22		
Funds purchased	869		 	—		 	0.15		 	672		 	—		 	0.10		 	710			—			0.10		
Securities sold under agreements to repurchase	1,773		 	1		 	0.21		 	1,765		 	1		 	0.22		 	1,827			1			0.20		
Interest-bearing trading liabilities	878		 	5		 	2.40		 	840		 	6		 	2.55		 	925			6			2.44		
Other short-term borrowings	1,113		 	—		 	0.09		 	2,172		 	1		 	0.16		 	1,582			1			0.14		
Long-term debt	8,450		 	56		 	2.62		 	9,680		 	60		 	2.47		 	12,410			67			2.18		
Total interest-bearing liabilities	119,644		 	117		 	0.39		 	119,214		 	122		 	0.41		 	119,120			130			0.44		
Noninterest-bearing deposits	42,648		 	 	 	 	 	42,151		 	 	 	 	 	42,303			 	 	 	
Other liabilities	3,393		 	 	 	 	 	3,198		 	 	 	 	 	3,235			 	 	 	
Noninterest-bearing trading liabilities and derivative instruments	388		 	 	 	 	 	394		 	 	 	 	 	413			 	 	 	
Shareholders’ equity	23,583		 	 	 	 	 	23,384		 	 	 	 	 	23,239			 	 	 	
Total liabilities and shareholders’ equity		$189,656		 	 	 	 	 		$188,341		 	 	 	 	 		$188,310			 	 	 	
Interest Rate Spread	 	 	 	 	2.79	%	 	 	 	 	 	2.73	%	 	 	 	 		2.65	%	
Net Interest Income	 	 		$1,246		 	 	 	 	 		$1,211		 	 	 	 			$1,167			 	
Net Interest Income-FTE 2	 	 		$1,281		 	 	 	 	 		$1,247		 	 	 	 	 		$1,203		 	 	
Net Interest Margin 3	 	 	 	 	2.90	%	 	 	 	 	 	2.86	%	 	 	 	 		2.78	%	
Net Interest Margin-FTE  2, 3	 	 	 	 	2.98		 	 	 	 	 	2.94		 	 	 	 	 	2.86		

1  	Interest income includes loan fees of $47 million , $50 million , and $48 million for the three months ended December 31, 2015 , September 30, 2015 , and June 30, 2015 , respectively.	
		
2  	See Appendix A for additional information and reconcilements of non-U.S. GAAP performance measures. Approximately 95% of the total FTE adjustment for the three months ended December 31, 2015 , September 30, 2015 , and June 30, 2015 was attributed to C&I loans.	
		
3  	Net interest margin is calculated by dividing annualized net interest income by average total earning assets.	

18

	
																													
SunTrust Banks, Inc. and Subsidiaries
CONSOLIDATED DAILY AVERAGE BALANCES, INCOME/EXPENSE, AND AVERAGE YIELDS EARNED/RATES PAID, continued	
 	Six Months Ended	 	 	 	 	
 	June 30, 2016	 	June 30, 2015	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	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Loans held for investment: 1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
C&I		$68,488		 		$1,063		 	3.12	%	 		$65,734		 		$966		 	2.97	%	 		$2,754		 	0.15		
CRE	6,061		 	88		 	2.91		 	6,309		 	87		 	2.79		 	(248	)	 	0.12		
Commercial construction	2,410		 	39		 	3.26		 	1,431		 	23		 	3.17		 	979		 	0.09		
Residential mortgages - guaranteed	610		 	12		 	3.89		 	634		 	12		 	3.71		 	(24	)	 	0.18		
Residential mortgages - nonguaranteed	25,060		 	476		 	3.80		 	23,293		 	449		 	3.85		 	1,767		 	(0.05	)	
Residential home equity products	12,657		 	248		 	3.95		 	13,804		 	250		 	3.66		 	(1,147	)	 	0.29		
Residential construction	372		 	8		 	4.42		 	390		 	10		 	5.02		 	(18	)	 	(0.60	)	
Consumer student - guaranteed	5,252		 	104		 	3.98		 	4,549		 	84		 	3.72		 	703		 	0.26		
Consumer other direct	6,414		 	144		 	4.51		 	4,945		 	104		 	4.26		 	1,469		 	0.25		
Consumer indirect	10,525		 	177		 	3.38		 	10,495		 	165		 	3.16		 	30		 	0.22		
Consumer credit cards	1,101		 	56		 	10.20		 	892		 	44		 	9.84		 	209		 	0.36		
Nonaccrual	855		 	9		 	2.14		 	606		 	12		 	4.11		 	249		 	(1.97	)	
Total loans held for investment	139,805		 	2,424		 	3.49		 	133,082		 	2,206		 	3.34		 	6,723		 	0.15		
Securities available for sale:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Taxable	27,537		 	321		 	2.33		 	25,927		 	274		 	2.11		 	1,610		 	0.22		
Tax-exempt	151		 	3		 	3.62		 	186		 	3		 	3.72		 	(35	)	 	(0.10	)	
Total securities available for sale	27,688		 	324		 	2.34		 	26,113		 	277		 	2.12		 	1,575		 	0.22		
Federal funds sold and securities borrowed or purchased under
agreements to resell	1,231		 	1		 	0.17		 	1,181		 	—		 	—		 	50		 	0.17		
LHFS	1,915		 	37		 	3.87		 	2,694		 	45		 	3.34		 	(779	)	 	0.53		
Interest-bearing deposits in other banks	23		 	—		 	0.38		 	23		 	—		 	0.12		 	—		 	0.26		
Interest earning trading assets	5,460		 	48		 	1.75		 	5,228		 	41		 	1.58		 	232		 	0.17		
Total earning assets	176,122		 	2,834		 	3.24		 	168,321		 	2,569		 	3.08		 	7,801		 	0.16		
ALLL	(1,753	)	 	 	 	 	 	(1,887	)	 	 	 	 	 	134		 	 	
Cash and due from banks	4,571		 	 	 	 	 	5,884		 	 	 	 	 	(1,313	)	 	 	
Other assets	14,657		 	 	 	 	 	14,534		 	 	 	 	 	123		 	 	
Noninterest earning trading assets and derivative instruments	1,458		 	 	 	 	 	1,333		 	 	 	 	 	125		 	 	
Unrealized gains on securities available for sale, net	606		 	 	 	 	 	600		 	 	 	 	 	6		 	 	
Total assets		$195,661		 	 	 	 	 		$188,785		 	 	 	 	 		$6,876		 	 	
LIABILITIES AND SHAREHOLDERS’ EQUITY	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Interest-bearing deposits:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NOW accounts		$39,842		 		$22		 	0.11	%	 		$33,761		 		$15		 	0.09	%	 		$6,081		 	0.02		
Money market accounts	53,125		 	49		 	0.18		 	49,361		 	43		 	0.17		 	3,764		 	0.01		
Savings	6,289		 	1		 	0.02		 	6,182		 	1		 	0.03		 	107		 	(0.01	)	
Consumer time	6,044		 	23		 	0.78		 	6,668		 	25		 	0.77		 	(624	)	 	0.01		
Other time	3,847		 	20		 	1.04		 	3,898		 	20		 	1.02		 	(51	)	 	0.02		
Total interest-bearing consumer and commercial deposits	109,147		 	115		 	0.21		 	99,870		 	104		 	0.21		 	9,277		 	—		
Brokered time deposits	906		 	6		 	1.36		 	895		 	6		 	1.45		 	11		 	(0.09	)	
Foreign deposits	25		 	—		 	0.34		 	288		 	—		 	0.12		 	(263	)	 	0.22		
Total interest-bearing deposits	110,078		 	121		 	0.22		 	101,053		 	110		 	0.22		 	9,025		 	—		
Funds purchased	1,216		 	2		 	0.35		 	874		 	1		 	0.10		 	342		 	0.25		
Securities sold under agreements to repurchase	1,768		 	4		 	0.40		 	1,874		 	2		 	0.20		 	(106	)	 	0.20		
Interest-bearing trading liabilities	1,012		 	12		 	2.48		 	904		 	11		 	2.41		 	108		 	0.07		
Other short-term borrowings	1,785		 	3		 	0.28		 	2,635		 	2		 	0.17		 	(850	)	 	0.11		
Long-term debt	9,577		 	123		 	2.58		 	12,712		 	136		 	2.15		 	(3,135	)	 	0.43		
Total interest-bearing liabilities	125,436		 	265		 	0.42		 	120,052		 	262		 	0.44		 	5,384		 	(0.02	)	
Noninterest-bearing deposits	42,551		 	 	 	 	 	41,800		 	 	 	 	 	751		 	 	
Other liabilities	3,269		 	 	 	 	 	3,257		 	 	 	 	 	12		 	 	
Noninterest-bearing trading liabilities and derivative instruments	498		 	 	 	 	 	470		 	 	 	 	 	28		 	 	
Shareholders’ equity	23,907		 	 	 	 	 	23,206		 	 	 	 	 	701		 	 	
Total liabilities and shareholders’ equity		$195,661		 	 	 	 	 		$188,785		 	 	 	 	 		$6,876		 	 	
Interest Rate Spread	 	 	 	 	2.82	%	 	 	 	 	 	2.64	%	 	 	 	0.18		
Net Interest Income	 	 		$2,569		 	 	 	 	 		$2,307		 	 	 	 	 	 	
Net Interest Income-FTE 2	 	 		$2,640		 	 	 	 	 		$2,378		 	 	 	 	 	 	
Net Interest Margin  3	 	 	 	 	2.93	%	 	 	 	 	 	2.76	%	 	 	 	0.17		
Net Interest Margin-FTE  2, 3	 	 	 	 	3.01		 	 	 	 	 	2.85		 	 	 	0.16		
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
1 Interest income includes loan fees of $84 million and $92 million for the six months ended June 30 , 2016 and 2015 , respectively.
2 See Appendix A for additional information and reconcilements of non-U.S. GAAP performance measures. Approximately 95% of the total FTE adjustment for both the six months ended June 30 , 2016 and 2015 was attributed to C&I loans.
3 Net interest margin is calculated by dividing annualized net interest income by average total earning assets.

19

	
																														
SunTrust Banks, Inc. and Subsidiaries
OTHER FINANCIAL DATA	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Three Months Ended	 	 	 	 	 	Six Months Ended	 	 	 	 	
 	June 30	 	(Decrease)/Increase	 	June 30	 	(Decrease)/Increase	
(Dollars in millions) (Unaudited)	2016		2015	 	Amount	 	% 4	 	2016		2015	 	Amount	 	% 4	
CREDIT DATA	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Allowance for credit losses, beginning of period		$1,831				$1,947		 		($116	)	 	(6	)%	 		$1,815				$1,991		 		($176	)	 	(9	)%	
Provision/(benefit) for unfunded commitments	5			(2	)	 	7		 	NM		 	3			(2	)	 	5		 	NM		
Provision/(benefit) for loan losses:	 	 	 	 	 	 	 	 	 	 	 	 	 	 			
Commercial	114			33		 	81		 	NM		 	212			40		 	172		 	NM		
Residential	(4	)		(16	)	 	12		 	75		 	(37	)		9		 	(46	)	 	NM		
Consumer	31			11		 	20		 	NM		 	68			35		 	33		 	94		
Total provision for loan losses	141			28		 	113		 	NM		 	243			84		 	159		 	NM		
Charge-offs:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial	(99	)		(31	)	 	68		 	NM		 	(131	)		(59	)	 	72		 	NM		
Residential	(33	)		(61	)	 	(28	)	 	(46	)	 	(73	)		(129	)	 	(56	)	 	(43	)	
Consumer	(35	)		(31	)	 	4		 	13		 	(74	)		(66	)	 	8		 	12		
Total charge-offs	(167	)		(123	)	 	44		 	36		 	(278	)		(254	)	 	24		 	9		
Recoveries:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial	9			15		 	(6	)	 	(40	)	 	19			26		 	(7	)	 	(27	)	
Residential	9			10		 	(1	)	 	(10	)	 	15			19		 	(4	)	 	(21	)	
Consumer	12			11		 	1		 	9		 	23			22		 	1		 	5		
Total recoveries	30			36		 	(6	)	 	(17	)	 	57			67		 	(10	)	 	(15	)	
Net charge-offs	(137	)		(87	)	 	50		 	57		 	(221	)		(187	)	 	34		 	18		
Allowance for credit losses, end of period		$1,840				$1,886		 		($46	)	 	(2	)%	 		$1,840				$1,886		 		($46	)	 	(2	)%	
Components:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Allowance for loan and lease losses ("ALLL")	 	 	 	 	 	 	 	 		$1,774				$1,834		 		($60	)	 	(3	)%	
Unfunded commitments reserve	 	 	 	 	 	 	 	 	66			52		 	14		 	27		
Allowance for credit losses	 	 	 	 	 	 	 	 		$1,840		 		$1,886		 		($46	)	 	(2	)%	
Net charge-offs to average loans held for investment (annualized):	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial	0.46	%		0.09	%	 	0.37		 	NM		 	0.29	%		0.09	%	 	0.20		 	NM		
Residential	0.24			0.53		 	(0.29	)	 	(55	)%	 	0.30			0.57		 	(0.27	)	 	(47	)%	
Consumer	0.39			0.38		 	0.01		 	3		 	0.44			0.42		 	0.02		 	5		
Total net charge-offs to total average loans held for investment	0.39			0.26		 	0.13		 	50		 	0.32			0.28		 	0.04		 	14		
Period Ended	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Nonaccrual/nonperforming loans ("NPLs"):	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial	 	 	 	 	 	 	 	 		$503		 		$158		 		$345		 	NM		
Residential	 	 	 	 	 	 	 	 	433		 	318		 	115		 	36	 %	
Consumer	 	 	 	 	 	 	 	 	8		 	5		 	3		 	60		
Total nonaccrual/NPLs	 	 	 	 	 	 	 	 	944		 	481		 	463		 	96		
Other real estate owned (“OREO”)	 	 	 	 	 	 	 	 	49		 	72		 	(23	)	 	(32	)	
Other repossessed assets	 	 	 	 	 	 	 	 	8		 	6		 	2		 	33		
Nonperforming loans held for sale ("nonperforming LHFS")	 	 	 	 	 	 	 	 	—		 	98		 	(98	)	 	(100	)	
Total nonperforming assets ("NPAs")	 	 	 	 	 	 	 	 		$1,001		 		$657		 		$344		 	52	 %	
Accruing restructured loans	 	 	 	 	 	 	 	 		$2,541		 		$2,576		 		($35	)	 	(1	)%	
Nonaccruing restructured loans	 	 	 	 	 	 	 	 	307		 	185		 	122		 	66		
Accruing loans held for investment past due > 90 days (guaranteed)	 	 	 	 	 	 	 	 	999		 	871		 	128		 	15		
Accruing loans held for investment past due > 90 days (non-guaranteed)	 	 	 	 	 	 	 	 	42		 	39		 	3		 	8		
Accruing LHFS past due > 90 days	 	 	 	 	 	 	 	 	1		 	1		 	—		 	—		
NPLs to total loans held for investment	 	 	 	 	 	 	 	 	0.67	%	 	0.36	%	 	0.31		 	86	 %	
NPAs to total loans held for investment plus OREO, other repossessed assets, and nonperforming LHFS	 	 	 	 	 	 	 	 	0.71		 	0.49		 	0.22		 	45		
ALLL to period-end loans held for investment 1, 2	 	 	 	 	 	 	 	 	1.25		 	1.39		 	(0.14	)	 	(10	)	
ALLL to period-end loans held for investment,
excluding government-guaranteed and fair value loans 1, 3	 	 	 	 	 	 	 	 	1.31		 	1.44		 	(0.13	)	 	(9	)	
ALLL to NPLs 1, 2	 	 	 	 	 	 	 	 	1.89x		 	3.82x		 	(1.93x)		 	(51	)	
ALLL to annualized net charge-offs 1	3.22x		 	5.23x		 	(2.01x)		 	(38	)	 	3.98x		 	4.87x		 	(0.89x)		 	(18	)	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
1 This ratio is computed using the allowance for loan and lease losses ("ALLL").
2 Loans carried at fair value were excluded from the calculation.
3 See Appendix A for additional information and a reconciliation of non-U.S. GAAP performance measures.
4 "NM" - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

20

	
																											
SunTrust Banks, Inc. and Subsidiaries
FIVE QUARTER OTHER FINANCIAL DATA	 	 	 	 	 	 	 	 	 	 	 	 	
 	Three Months Ended	 	 	 	 	 	Three Months Ended	
 	June 30	 	March 31	 	Increase/(decrease)	 	December 31	 	September 30	 	June 30	
(Dollars in millions) (Unaudited)	2016	 	2016	 	Amount	 	% 4	 	2015	 	2015	 	2015	
CREDIT DATA	 	 	 	 	 	 	 	 	 	 	 	 	 	
Allowance for credit losses, beginning of period		$1,831		 		$1,815		 		$16		 	1	 %	 		$1,847		 		$1,886		 		$1,947		
Provision/(benefit) for unfunded commitments	5		 	(2	)	 	7		 	NM		 	2		 	9		 	(2	)	
Provision/(benefit) for loan losses:	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial	114		 	98		 	16		 	16		 	59		 	33		 	33		
Residential	(4	)	 	(32	)	 	28		 	88		 	(37	)	 	(39	)	 	(16	)	
Consumer	31		 	37		 	(6	)	 	(16	)	 	27		 	29		 	11		
Total provision for loan losses	141		 	103		 	38		 	37		 	49		 	23		 	28		
Charge-offs:	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial	(99	)	 	(32	)	 	67		 	NM		 	(35	)	 	(23	)	 	(31	)	
Residential	(33	)	 	(41	)	 	(8	)	 	(20	)	 	(41	)	 	(47	)	 	(61	)	
Consumer	(35	)	 	(39	)	 	(4	)	 	(10	)	 	(38	)	 	(32	)	 	(31	)	
Total charge-offs	(167	)	 	(112	)	 	55		 	49		 	(114	)	 	(102	)	 	(123	)	
Recoveries:	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial	9		 	10		 	(1	)	 	(10	)	 	10		 	10		 	15		
Residential	9		 	6		 	3		 	50		 	11		 	11		 	10		
Consumer	12		 	11		 	1		 	9		 	10		 	10		 	11		
Total recoveries	30		 	27		 	3		 	11		 	31		 	31		 	36		
Net charge-offs	(137	)	 	(85	)	 	52		 	61		 	(83	)	 	(71	)	 	(87	)	
Allowance for credit losses, end of period		$1,840		 		$1,831		 		$9		 	—	 %	 		$1,815		 		$1,847		 		$1,886		
Components:	 	 	 	 	 	 	 	 	 	 	 	 	 	
ALLL		$1,774		 		$1,770		 		$4		 	—	 %	 		$1,752		 		$1,786		 		$1,834		
Unfunded commitments reserve	66		 	61		 	5		 	8		 	63		 	61		 	52		
Allowance for credit losses		$1,840		 		$1,831		 		$9		 	—	 %	 		$1,815		 		$1,847		 		$1,886		
Net charge-offs to average loans held for investment (annualized):	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial	0.46	%	 	0.12	%	 	0.34		 	NM		 	0.13	%	 	0.07	%	 	0.09	%	
Residential	0.24		 	0.36		 	(0.12	)	 	(33	)%	 	0.30		 	0.37		 	0.53		
Consumer	0.39		 	0.49		 	(0.10	)	 	(20	)	 	0.51		 	0.42		 	0.38		
Total net charge-offs to total average loans held for investment	0.39		 	0.25		 	0.14		 	56		 	0.24		 	0.21		 	0.26		
Period Ended	 	 	 	 	 	 	 	 	 	 	 	 	 	
Nonaccrual/NPLs:	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial		$503		 		$577		 		($74	)	 	(13	)%	 		$319		 		$138		 		$158		
Residential	433		 	390		 	43		 	11		 	344		 	318		 	318		
Consumer	8		 	8		 	—		 	—		 	9		 	7		 	5		
Total nonaccrual/NPLs	944		 	975		 	(31	)	 	(3	)	 	672		 	463		 	481		
OREO	49		 	52		 	(3	)	 	(6	)	 	56		 	62		 	72		
Other repossessed assets	8		 	8		 	—		 	—		 	7		 	7		 	6		
Nonperforming LHFS	—		 	—		 	—		 	—		 	—		 	—		 	98		
Total NPAs		$1,001		 		$1,035		 		($34	)	 	(3	)%	 		$735		 		$532		 		$657		
Accruing restructured loans		$2,541		 		$2,569		 		($28	)	 	(1	)%	 		$2,603		 		$2,571		 		$2,576		
Nonaccruing restructured loans	307		 	233		 	74		 	32		 	176		 	182		 	185		
Accruing loans held for investment past due > 90 days (guaranteed)	999		 	962		 	37		 	4		 	939		 	873		 	871		
Accruing loans held for investment past due > 90 days
(non-guaranteed)	42		 	34		 	8		 	24		 	42		 	32		 	39		
Accruing LHFS past due > 90 days	1		 	1		 	—		 	—		 	—		 	1		 	1		
NPLs to total loans held for investment	0.67	%	 	0.70	%	 	(0.03	)	 	(4	)%	 	0.49	%	 	0.35	%	 	0.36	%	
NPAs to total loans held for investment plus OREO, other repossessed assets, and nonperforming LHFS	0.71		 	0.74		 	(0.03	)	 	(4	)	 	0.54		 	0.40		 	0.49		
ALLL to period-end loans held for investment 1, 2	1.25		 	1.27		 	(0.02	)	 	(2	)	 	1.29		 	1.34		 	1.39		
ALLL to period-end loans held for investment,
excluding government-guaranteed and fair value loans 1, 3	1.31		 	1.32		 	(0.01	)	 	(1	)	 	1.34		 	1.39		 	1.44		
ALLL to NPLs 1, 2	1.89x		 	1.83x		 	0.06x		 	3		 	2.62x		 	3.87x		 	3.82x		
ALLL to annualized net charge-offs 1	3.22x		 	5.20x		 	(1.98x)		 	(38	)	 	5.33x		 	6.33x		 	5.23x		
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
1 This ratio is computed using the allowance for loan and lease losses.
2 Loans carried at fair value were excluded from the calculation.
3 See Appendix A for additional information and a reconciliation of non-U.S. GAAP performance measures.
4 "NM" - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

21

	
																								
SunTrust Banks, Inc. and Subsidiaries
OTHER FINANCIAL DATA, continued	 	 	 	 	 	 	 	 	 	 	 	
 	Three Months Ended June 30		Six Months Ended June 30	
(Dollars in millions) (Unaudited)	 MSRs -
Fair Value		Other		Total		 MSRs -
Fair Value		Other		Total	
OTHER INTANGIBLE ASSETS ROLLFORWARD	 	 	 	 	 	 	 	 	 	 	 	
Balance, beginning of period		$1,181				$12				$1,193				$1,206				$13				$1,219		
Amortization	—			(2	)		(2	)		—			(3	)		(3	)	
Servicing rights originated	71			13			84			117			13			130		
Servicing rights purchased	53		 	—		 	53		 	109		 	—		 	109		
Fair value changes due to inputs and assumptions 1	150			—			150			72			—			72		
Other changes in fair value 2	(61	)		—			(61	)		(109	)		—			(109	)	
Servicing rights sold	(1	)		—			(1	)		(2	)		—			(2	)	
Balance, June 30, 2015		$1,393				$23				$1,416				$1,393				$23				$1,416		
 	 	 	 	 	 	 	 	 	 	 	 	
Balance, beginning of period		$1,182				$16				$1,198				$1,307				$18				$1,325		
Amortization	—			(2	)		(2	)		—			(4	)		(4	)	
Servicing rights originated	64			—			64			110			—			110		
Servicing rights purchased	—		 	—		 	—		 	77		 	—		 	77		
Fair value changes due to inputs and assumptions 1	(129	)		—			(129	)		(333	)		—			(333	)	
Other changes in fair value 2	(56	)		—			(56	)		(99	)		—			(99	)	
Servicing rights sold	—			—			—			(1	)		—			(1	)	
Balance, June 30, 2016		$1,061				$14				$1,075				$1,061				$14				$1,075		
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.

	
															
 	Three Months Ended	
 	June 30	 	March 31	 	December 31	 	September 30	 	June 30	
(Shares in thousands) (Unaudited)	2016	 	2016	 	2015	 	2015	 	2015	
COMMON SHARES ROLLFORWARD	 	 	 	 	 	 	 	 	 	
Balance, beginning of period	505,443		 	508,712		 	514,106		 	518,045		 	522,031		
Common shares issued for employee benefit plans	752		 	991		 	2		 	85		 	227		
Repurchase of common stock	(4,783	)	 	(4,260	)	 	(5,396	)	 	(4,024	)	 	(4,213	)	
Balance, end of period	501,412		 	505,443		 	508,712		 	514,106		 	518,045		

22

	
																												
SunTrust Banks, Inc. and Subsidiaries
APPENDIX A TO THE EARNINGS RELEASE - RECONCILEMENT OF NON-U.S. GAAP MEASURES  1	 	 	
 	 	 	 	
 	Three Months Ended	 	Six Months Ended	
 	June 30	 	March 31	 	December 31	 	September 30	 	June 30	 	June 30	
(Dollars in millions) (Unaudited)	2016	 	2016	 	2015	 	2015	 	2015	 	2016		2015	
Net interest income		$1,288		 		$1,282		 		$1,246		 		$1,211		 		$1,167		 		$2,569		 		$2,307		
Fully taxable-equivalent ("FTE") adjustment	35		 	36		 	35		 	36		 	36		 	71		 	71		
Net interest income-FTE 2	1,323		 	1,318		 	1,281		 	1,247		 	1,203		 	2,640		 	2,378		
Noninterest income	898		 	781		 	765		 	811		 	874		 	1,680		 	1,692		
Total revenue-FTE 2		$2,221		 		$2,099		 		$2,046		 		$2,058		 		$2,077		 		$4,320		 		$4,070		
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Return on average common shareholders’ equity 3	8.43	 %	 	7.71	 %	 	8.32	 %	 	9.34	 %	 	8.54	 %	 	8.07	 %		8.09	 %	
Impact of removing average intangible assets and related amortization, other than MSRs and other servicing rights	3.11		 	2.89		 	3.17		 	3.61		 	3.34		 	3.00			3.17		
Return on average tangible common shareholders' equity 4	11.54	%	 	10.60	%	 	11.49	%	 	12.95	%	 	11.88	%	 	11.07	%		11.26	%	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net interest margin	2.91	 %	 	2.96	 %	 	2.90	 %	 	2.86	 %	 	2.78	 %	 	2.93	 %	 	2.76	 %	
Impact of FTE adjustment	0.08		 	0.08		 	0.08		 	0.08		 	0.08		 	0.08		 	0.09		
Net interest margin-FTE 2	2.99	 %	 	3.04	 %	 	2.98	 %	 	2.94	 %	 	2.86	 %	 	3.01	 %	 	2.85	 %	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Noninterest expense		$1,345		 		$1,318		 		$1,288		 		$1,264		 		$1,328		 		$2,663		 		$2,608		
Total revenue	2,186			2,063			2,011			2,022			2,041			4,249			3,999		
Efficiency ratio 5	61.53	%		63.89	%		64.05	%		62.51	%		65.07	%		62.67	%		65.22	%	
Impact of FTE adjustment	(0.97	)	 	(1.08	)	 	(1.09	)	 	(1.07	)	 	(1.15	)	 	(1.02	)	 	(1.15	)	
Efficiency ratio-FTE 2, 5	60.56	%	 	62.81	%	 	62.96	%	 	61.44	%	 	63.92	%	 	61.65	%		64.07	%	
Impact of excluding amortization related to intangible assets and certain tax credits	(0.51	)	 	(0.48	)	 	(0.85	)	 	(0.45	)	 	(0.33	)	 	(0.49	)		(0.32	)	
Tangible efficiency ratio-FTE 2, 6	60.05	%	 	62.33	%	 	62.11	%	 	60.99	%	 	63.59	%	 	61.16	%		63.75	%	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Basel III Common Equity Tier 1 ("CET1") ratio (transitional)  7	9.84	 %	 	9.90	 %	 	9.96	 %	 	10.04	 %	 	9.93	 %	 	 	 	 	
Impact of MSRs and other under fully phased-in approach  	(0.14	)	 	(0.13	)	 	(0.16	)	 	(0.15	)	 	(0.17	)	 	 	 	 	
Basel III fully phased-in CET1 ratio  7	9.70	 %	 	9.77	 %	 	9.80	 %	 	9.89	 %	 	9.76	 %	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
1 Certain amounts in this schedule are presented net of applicable income taxes, calculated based on each subsidiary’s federal and state tax rates and are adjusted for any permanent differences.
2 The Company presents net interest income-FTE, total revenue-FTE, net interest margin-FTE, efficiency ratio-FTE, and tangible efficiency ratio-FTE on a fully taxable-equivalent (“FTE”) basis. The FTE basis adjusts for the tax-favored status of net interest income from certain loans and investments using a federal tax rate of 35% and state income taxes where applicable to increase tax-exempt interest income to a taxable-equivalent basis. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources. Total revenue-FTE equals net interest income-FTE plus noninterest income.
3 Beginning January 1, 2016, noncontrolling interest was removed from common shareholders' equity in the calculation to provide a more accurate measure of the Company's return on common equity. Accordingly, amounts for periods prior to January 1, 2016 have been updated for consistent presentation.
4 The Company presents return on average tangible common shareholders' equity, which removes the after-tax impact of purchase accounting intangible assets from average common shareholders' equity and removes related intangible asset amortization from net income available to common shareholders. The Company believes this measure is useful to investors because, by removing the amount of intangible assets and amortization expense (the level of which may vary from company to company), it allows investors to more easily compare the Company’s return on average common shareholders' equity to other companies in the industry. The Company also believes that removing these items provides a more relevant measure of the return on the Company's common shareholders' equity. This measure is utilized by management to assess the profitability of the Company.
5 Efficiency ratio is computed by dividing noninterest expense by total revenue. Efficiency ratio-FTE is computed by dividing noninterest expense by total revenue-FTE.
6 The Company presents a tangible efficiency ratio, which excludes the amortization related to intangible assets and certain tax credits. The Company believes this measure is useful to investors because, by removing the impact of amortization (the level of which may vary from company to company), it allows investors to more easily compare the Company’s efficiency to other companies in the industry. This measure is utilized by management to assess the efficiency of the Company and its lines of business.
7 Current period Basel III capital ratios are estimated as of the earnings release date. Fully phased-in ratios consider a 250% risk-weighting for MSRs and deduction from capital of certain carryforward DTAs, the overfunded pension asset, and other intangible assets. The Company believes these measures may be useful to investors who wish to understand the Company's current compliance with future regulatory requirements.

23

	
																				
SunTrust Banks, Inc. and Subsidiaries
APPENDIX A TO THE EARNINGS RELEASE - RECONCILEMENT OF NON-U.S. GAAP MEASURES, continued  1	
 	 	
 	June 30	 	March 31	 	December 31	 	September 30	 	June 30	
(Dollars in millions, except per share data) (Unaudited)	2016	 	2016	 	2015	 	2015	 	2015	
Total shareholders' equity		$24,464		 		$24,053		 		$23,437		 		$23,664		 		$23,223		
Goodwill, net of deferred taxes of $246 million, $243 million, $240 million, $237 million, and $234 million, respectively	(6,091	)	 	(6,094	)	 	(6,097	)	 	(6,100	)	 	(6,103	)	
Other intangible assets (including MSRs and other servicing rights), net of deferred taxes of $2 million, $3 million, $3 million, $4 million, and $4 million, respectively	(1,073	)	 	(1,195	)	 	(1,322	)	 	(1,279	)	 	(1,412	)	
MSRs and other servicing rights	1,067		 	1,189		 	1,316		 	1,272		 	1,406		
Tangible equity	18,367		 	17,953		 	17,334		 	17,557		 	17,114		
Noncontrolling interest	(103	)	 	(101	)	 	(108	)	 	(106	)	 	(108	)	
Preferred stock	(1,225	)	 	(1,225	)	 	(1,225	)	 	(1,225	)	 	(1,225	)	
Tangible common equity		$17,039		 		$16,627		 		$16,001		 		$16,226		 		$15,781		
 	 	 	 	 	 	 	 	 	 	
Total assets		$199,073		 		$194,158		 		$190,817		 		$187,036		 		$188,858		
Goodwill	(6,337	)	 	(6,337	)	 	(6,337	)	 	(6,337	)	 	(6,337	)	
Other intangible assets (including MSRs and other servicing rights)	(1,075	)	 	(1,198	)	 	(1,325	)	 	(1,282	)	 	(1,416	)	
MSRs and other servicing rights	1,067		 	1,189		 	1,316		 	1,272		 	1,406		
Tangible assets		$192,728		 		$187,812		 		$184,471		 		$180,689		 		$182,511		
Tangible equity to tangible assets 2	9.53	%	 	9.56	%	 	9.40	%	 	9.72	%	 	9.38	%	
Tangible common equity to tangible assets 2	8.84			8.85			8.67			8.98			8.65		
Tangible book value per common share 3		$33.98		 		$32.90		 		$31.45		 		$31.56		 		$30.46		
 	 	 	 	 	 	 	 	 	 	
Total loans held for investment		$141,656		 		$139,746		 		$136,442		 		$133,560		 		$132,538		
Government-guaranteed loans held for investment	(6,096	)	 	(5,888	)	 	(5,551	)	 	(5,215	)	 	(5,026	)	
Fair value loans held for investment	246		 	(255	)	 	(257	)	 	(262	)	 	(263	)	
Total loans held for investment, excluding government-guaranteed and fair value loans		$135,806		 		$133,603		 		$130,634		 		$128,083		 		$127,249		
ALLL to total loans held for investment,
excluding government-guaranteed and fair value loans 4	1.31	%	 	1.32	%	 	1.34	%	 	1.39	%	 	1.44	%	
 	 	 	 	 	 	 	 	 	 	
1 Certain amounts in this schedule are presented net of applicable income taxes, calculated based on each subsidiary’s federal and state tax rates and are adjusted for any permanent differences.
2 The Company presents certain capital information on a tangible basis, including tangible equity, tangible common equity, the ratio of tangible equity to tangible assets, and the ratio of tangible common equity to tangible assets, which remove the after-tax impact of purchase accounting intangible assets from shareholders' equity. The Company believes these measures are useful to investors because, by removing the amount of intangible assets that result from merger and acquisition activity (the level of which may vary from company to company), it allows investors to more easily compare the Company’s capital adequacy to other companies in the industry. These measures are used by management to analyze capital adequacy.
3 The Company presents tangible book value per common share, which excludes the after-tax impact of purchase accounting intangible assets and also excludes noncontrolling interest and preferred stock from shareholders' equity. The Company believes this measure is useful to investors because, by removing the amount of intangible assets, noncontrolling interest, and preferred stock (the levels of which may vary from company to company), it allows investors to more easily compare the Company’s book value of common stock to other companies in the industry.
4 The Company presents a ratio of ALLL to total loans held for investment, excluding government-guaranteed and fair value loans. The Company believes that the exclusion of loans that are held at fair value with no related allowance, and loans guaranteed by a government agency that do not have an associated allowance recorded due to nominal risk of principal loss, better depicts the allowance relative to loans the allowance is intended to cover.

24

	
																						
SunTrust Banks, Inc. and Subsidiaries
CONSUMER BANKING AND PRIVATE WEALTH MANAGEMENT	
 	Three Months Ended June 30	 	 	 	Six Months Ended June 30	 	 	
(Dollars in millions) (Unaudited)	2016	 	2015	 	% Change 5	 	2016	 	2015	 	% Change	
Statements of Income:	 	 	 	 	 	 	 	 	 	 	 	
Net interest income		$705		 		$675		 	4	 %	 		$1,404		 		$1,341		 	5	 %	
FTE adjustment	—		 	—		 	—		 	—		 	—		 	—		
Net interest income-FTE 1	705		 	675		 	4		 	1,404		 	1,341		 	5		
Provision for credit losses  2	49		 	9		 	NM		 	77		 	79		 	(3	)	
Net interest income-FTE - after provision for credit losses 1	656		 	666		 	(2	)	 	1,327		 	1,262		 	5		
Noninterest income before net securities gains/(losses)	366		 	389		 	(6	)	 	721		 	752		 	(4	)	
Net securities gains/(losses)	—		 	—		 	—		 	—		 	—		 	—		
Total noninterest income	366		 	389		 	(6	)	 	721		 	752		 	(4	)	
Noninterest expense before amortization	757		 	729		 	4		 	1,502		 	1,457		 	3		
Amortization	1		 	1		 	—		 	1		 	3		 	(67	)	
Total noninterest expense	758		 	730		 	4		 	1,503		 	1,460		 	3		
Income-FTE - before provision for income taxes 1	264		 	325		 	(19	)	 	545		 	554		 	(2	)	
Provision for income taxes	98		 	121		 	(19	)	 	202		 	206		 	(2	)	
FTE adjustment	—		 	—		 	—		 	—		 	—		 	—		
Net income including income attributable to noncontrolling interest	166		 	204		 	(19	)	 	343		 	348		 	(1	)	
Less: net income attributable to noncontrolling interest	—		 	—		 	—		 	—		 	—		 	—		
Net income		$166		 		$204		 	(19	)	 		$343		 		$348		 	(1	)	
 	 	 	 	 	 	 	 	 	 	 	 	
Total revenue		$1,071		 		$1,064		 	1		 		$2,125		 		$2,093		 	2		
Total revenue-FTE 1	1,071		 	1,064		 	1		 	2,125		 	2,093		 	2		
Selected Average Balances:	 	 	 	 	 	 	 	 	 	 	 	
Total loans		$42,513		 		$40,339		 	5	 %	 		$42,054		 		$40,730		 	3	 %	
Goodwill	4,262		 	4,262		 	—		 	4,262		 	4,262		 	—		
Other intangible assets excluding MSRs	13		 	12		 	8		 	15		 	13		 	15		
Total assets	48,181		 	46,485		 	4		 	47,723		 	46,804		 	2		
Consumer and commercial deposits	97,052		 	91,235		 	6		 	95,171		 	90,873		 	5		
Performance Ratios:	 	 	 	 	 	 	 	 	 	 	 	
Efficiency ratio	70.77	 %	 	68.60	 %	 	 	 	70.71	 %	 	69.73	 %	 	 	
Impact of FTE adjustment	—		 	—		 	 	 	—		 	—		 	 	
Efficiency ratio-FTE 1	70.77		 	68.60		 	 	 	70.71		 	69.73		 	 	
Impact of excluding amortization and associated funding cost of intangible assets	(1.47	)	 	(1.56	)	 	 	 	(1.50	)	 	(1.62	)	 	 	
Tangible efficiency ratio-FTE 1, 3	69.30	 %	 	67.04	 %	 	 	 	69.21	 %	 	68.11	 %	 	 	
Other Information (End of Period) 4 :	 	 	 	 	 	 	 	 	 	 	 	
Trust and institutional managed assets	 	 	 	 	 	 		$40,541		 		$42,587		 	(5	)%	
Retail brokerage managed assets	 	 	 	 	 	 	11,751		 	10,547		 	11		
Total managed assets	 	 	 	 	 	 	52,292		 	53,134		 	(2	)	
Non-managed assets	 	 	 	 	 	 	93,574		 	93,811		 	—		
Total assets under advisement	 	 	 	 	 	 		$145,866		 		$146,945		 	(1	)	

1  	Net interest income-FTE, income-FTE, total revenue-FTE, efficiency ratio-FTE, and tangible efficiency ratio-FTE are presented on a fully taxable-equivalent (“FTE”) basis. The FTE basis adjusts for the tax-favored status of net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources. Total revenue-FTE equals net interest income on an FTE basis plus noninterest income.	
		
2  	Provision for credit losses represents net charge-offs by segment combined with an allocation to the segments for the provision attributable to quarterly changes in the allowance for loan and lease losses and unfunded commitment reserve balances.	
		
3  	A tangible efficiency ratio is presented, which excludes the amortization related to intangible assets and certain tax credits. The Company believes this measure is useful to investors because, by removing the impact of amortization (the level of which may vary from company to company), it allows investors to more easily compare this segment's efficiency to other business segments and companies in the industry. This measure is utilized by management to assess the efficiency of the Company and its lines of business.	
		
4  	Beginning in the first quarter of 2016, the Company implemented a new policy for the classification and disclosure of assets under advisement. The primary change was related to the reclassification of brokerage assets into managed and non-managed assets. Prior period amounts were restated for comparative purposes.	
5 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

25

	
																						
SunTrust Banks, Inc. and Subsidiaries
WHOLESALE BANKING	
 	Three Months Ended June 30	 	 	 	Six Months Ended June 30	 	 	
(Dollars in millions) (Unaudited)	2016		2015	 	% Change 4	 	2016	 	2015	 	% Change 4	
Statements of Income:				 	 	 		 		 	 	
Net interest income		$448				$444		 	1	 %	 		$902		 		$875		 	3	 %	
FTE adjustment	34			36		 	(6	)	 	69		 	70		 	(1	)	
Net interest income-FTE 1	482			480		 	—		 	971		 	945		 	3		
Provision for credit losses 2	103			30		 	NM		 	186		 	26		 	NM		
Net interest income-FTE - after provision for credit losses 1	379			450		 	(16	)	 	785		 	919		 	(15	)	
Noninterest income before net securities gains/(losses)	301			337		 	(11	)	 	587		 	622		 	(6	)	
Net securities gains/(losses)	—			—		 	—		 	—		 	—		 	—		
Total noninterest income	301			337		 	(11	)	 	587		 	622		 	(6	)	
Noninterest expense before amortization	403			381		 	6		 	802		 	772		 	4		
Amortization	11			5		 	NM		 	20		 	11		 	82		
Total noninterest expense	414			386		 	7		 	822		 	783		 	5		
Income-FTE - before provision for income taxes 1	266			401		 	(34	)	 	550		 	758		 	(27	)	
Provision for income taxes	47			102		 	(54	)	 	101		 	188		 	(46	)	
FTE adjustment	34			36		 	(6	)	 	69		 	70		 	(1	)	
Net income including income attributable to noncontrolling interest	185			263		 	(30	)	 	380		 	500		 	(24	)	
Less: net income attributable to noncontrolling interest	—			—		 	—		 	—		 	—		 	—		
Net income		$185				$263		 	(30	)	 		$380		 		$500		 	(24	)	
 	 	 	 	 	 	 	 	 	 	 	 	
Total revenue		$749		 		$781		 	(4	)	 		$1,489		 		$1,497		 	(1	)	
Total revenue-FTE 1	783			817		 	(4	)	 	1,558		 	1,567		 	(1	)	
Selected Average Balances:	 	 	 	 	 	 	 	 	 	 	 	
Total loans		$72,066				$67,643		 	7	 %	 		$71,412		 		$67,689		 	6	 %	
Goodwill	2,075			2,075		 	—		 	2,075		 	2,075		 	—		
Other intangible assets excluding MSRs	1			—		 	NM		 	1		 	—		 	NM		
Total assets	86,060			81,003		 	6		 	85,219		 	81,082		 	5		
Consumer and commercial deposits	54,105			48,639		 	11		 	53,848		 	48,105		 	12		
Performance Ratios:	 	 	 	 	 	 	 	 	 	 	 	
Efficiency ratio	55.27	 %	 	49.42	 %	 	 	 	55.20	 %	 	52.30	 %	 	 	
Impact of FTE adjustment	(2.42	)	 	(2.11	)	 	 	 	(2.45	)	 	(2.31	)	 	 	
Efficiency ratio-FTE 1	52.85		 	47.31		 	 	 	52.75		 	49.99		 	 	
Impact of excluding amortization and associated funding cost of intangible assets	(2.06	)	 	(1.28	)	 	 	 	(1.99	)	 	(1.37	)	 	 	
Tangible efficiency ratio-FTE 1, 3	50.79	 %	 	46.03	 %	 	 	 	50.76	 %	 	48.62	 %	 	 	

1  	Net interest income-FTE, income-FTE, total revenue-FTE, efficiency ratio-FTE, and tangible efficiency ratio-FTE are presented on a fully taxable-equivalent (“FTE”) basis. The FTE basis adjusts for the tax-favored status of net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources. Total revenue-FTE equals net interest income on an FTE basis plus noninterest income.	
		
2  	Provision for credit losses represents net charge-offs by segment combined with an allocation to the segments for the provision attributable to quarterly changes in the allowance for loan and lease losses and unfunded commitment reserve balances.	
		
3  	A tangible efficiency ratio is presented, which excludes the amortization related to intangible assets and certain tax credits. The Company believes this measure is useful to investors because, by removing the impact of amortization (the level of which may vary from company to company), it allows investors to more easily compare this segment's efficiency to other business segments and companies in the industry. This measure is utilized by management to assess the efficiency of the Company and its lines of business.	
		
4  	“NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.	

26

	
																						
SunTrust Banks, Inc. and Subsidiaries
MORTGAGE BANKING	
 	Three Months Ended June 30	 	 	 	Six Months Ended June 30	 	 	
(Dollars in millions) (Unaudited)	2016		2015	 	% Change 4	 	2016	 	2015	 	% Change 4	
Statements of Income:				 	 	 	 	 	 	 	 	
Net interest income		$111				$123		 	(10	)%	 		$224		 		$244		 	(8	)%	
FTE adjustment	—			—		 	—		 	—		 	—		 	—		
Net interest income-FTE 1	111			123		 	(10	)	 	224		 	244		 	(8	)	
Benefit for credit losses 2	(6	)		(13	)	 	(54	)	 	(16	)	 	(23	)	 	(30	)	
Net interest income-FTE - after benefit for credit losses 1	117			136		 	(14	)	 	240		 	267		 	(10	)	
Noninterest income before net securities gains/(losses)	165			105		 	57		 	289		 	236		 	22		
Net securities gains/(losses)	—			—		 	—		 	—		 	—		 	—		
Total noninterest income	165			105		 	57		 	289		 	236		 	22		
Noninterest expense before amortization	178			180		 	(1	)	 	353		 	357		 	(1	)	
Amortization	—			—		 	—		 	—		 	—		 	—		
Total noninterest expense	178			180		 	(1	)	 	353		 	357		 	(1	)	
Income-FTE - before provision for income taxes 1	104			61		 	70		 	176		 	146		 	21		
Provision for income taxes	40			3		 	NM		 	67		 	33		 	NM		
FTE adjustment	—			—		 	—		 	—		 	—		 	—		
Net income including income attributable to noncontrolling interest	64			58		 	10		 	109		 	113		 	(4	)	
Less: net income attributable to noncontrolling interest	—			—		 	—		 	—		 	—		 	—		
Net income		$64				$58		 	10		 		$109		 		$113		 	(4	)	
 	 	 	 	 	 	 	 	 	 	 	 	
Total revenue		$276		 		$228		 	21		 		$513		 		$480		 	7		
Total revenue-FTE 1	276			228		 	21		 	513		 	480		 	7		
Selected Average Balances:	 	 	 	 	 	 	 	 	 	 	 	
Total loans		$26,590				$24,793		 	7	 %	 		$26,268		 		$24,617		 	7	 %	
Goodwill	—			—		 	—		 	—		 	—		 	—		
Other intangible assets excluding MSRs	—			—		 	—		 	—		 	—		 	—		
Total assets	30,117			28,555		 	5		 	29,660		 	28,247		 	5		
Consumer and commercial deposits	2,997			2,980		 	1		 	2,654		 	2,671		 	(1	)	
Performance Ratios:	 	 	 	 	 	 	 	 	 	 	 	
Efficiency ratio	64.60	%	 	78.91	%	 	 	 	68.97	%	 	74.36	%	 	 	
Impact of FTE adjustment	—		 	—		 	 	 	—		 	—		 	 	
Efficiency ratio-FTE 1	64.60		 	78.91		 	 	 	68.97		 	74.36		 	 	
Impact of excluding amortization and associated funding cost of intangible assets	—		 	—		 	 	 	—		 	—		 	 	
Tangible efficiency ratio-FTE 1, 3	64.60	%	 	78.91	%	 	 	 	68.97	%	 	74.36	%	 	 	
Production Data:	 	 	 	 	 	 	 	 	 	 	 	
Channel mix	 	 	 	 	 	 	 	 	 	 	 	
Retail		$3,404		 		$3,144		 	8	 %	 		$5,655		 		$5,569		 	2	 %	
Correspondent	3,879		 	3,347		 	16		 	6,580		 	6,032		 	9		
Total production		$7,283		 		$6,491		 	12		 		$12,235		 		$11,601		 	5		
Channel mix - percent	 	 	 	 	 	 	 	 	 	 	 	
Retail	47	%	 	48	%	 	 	 	46	%	 	48	%	 	 	
Correspondent	53		 	52		 	 	 	54		 	52		 	 	
Total production	100	%	 	100	%	 	 	 	100	%	 	100	%	 	 	
Purchase and refinance mix	 	 	 	 	 	 	 	 	 	 	 	
Refinance		$3,269		 		$3,051		 	7		 		$5,881		 		$6,122		 	(4	)	
Purchase	4,014		 	3,440		 	17		 	6,354		 	5,479		 	16		
Total production		$7,283		 		$6,491		 	12		 		$12,235		 		$11,601		 	5		
Purchase and refinance mix - percent	 	 	 	 	 	 	 	 	 	 	 	
Refinance	45	%	 	47	%	 	 	 	48	%	 	53	%	 	 	
Purchase	55		 	53		 	 	 	52		 	47		 	 	
Total production	100	%	 	100	%	 	 	 	100	%	 	100	%	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	
Applications		$11,225		 		$8,823		 	27		 		$20,430		 		$18,616		 	10		
Mortgage Servicing Data (End of Period):	 	 	 	 	 	 	 	 	 	 	 	
Total loans serviced	 	 	 	 	 	 		$154,474				$145,491		 	6	 %	
Total loans serviced for others	 	 	 	 	 	 	125,408			118,394		 	6		
Net carrying value of MSRs	 	 	 	 	 	 	1,061		 	1,393		 	(24	)	
Ratio of net carrying value of MSRs to total loans serviced for others	 	 	 	 	 	0.846	%	 	1.177	%	 	 	
1 Net interest income-FTE, income-FTE, total revenue-FTE, efficiency ratio-FTE, and tangible efficiency ratio-FTE are presented on a fully taxable-equivalent (“FTE”) basis. The FTE basis adjusts for the tax-favored status of net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources. Total revenue-FTE equals net interest income on an FTE basis plus noninterest income.
2 Benefit for credit losses represents net charge-offs by segment combined with an allocation to the segments for the benefit attributable to quarterly changes in the allowance for loan and lease losses and unfunded commitment reserve balances.
3 A tangible efficiency ratio is presented, which excludes the amortization related to intangible assets and certain tax credits. The Company believes this measure is useful to investors because, by removing the impact of amortization (the level of which may vary from company to company), it allows investors to more easily compare this segment's efficiency to other business segments and companies in the industry. This measure is utilized by management to assess the efficiency of the Company and its lines of business.
4 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

27

	
																						
SunTrust Banks, Inc. and Subsidiaries
CORPORATE OTHER	
 	Three Months Ended June 30	 	 	 	Six Months Ended June 30	 	 	
(Dollars in millions) (Unaudited)	2016		2015	 	% Change 4	 	2016	 	2015	 	% Change 4	
Statements of Income:				 	 	 	 	 	 	 	 	
Net interest income/(expense) 1		$24				($75	)	 	NM		 		$39		 		($153	)	 	NM		
FTE adjustment	1			—		 	NM		 	2		 	1		 	100		
Net interest income/(expense)-FTE 2	25			(75	)	 	NM		 	41		 	(152	)	 	NM		
Provision/(benefit) for credit losses 3	—			—		 	—		 	(1	)	 	—		 	NM		
Net interest income/(expense)-FTE - after provision/(benefit) for credit losses 2	25			(75	)	 	NM		 	42		 	(152	)	 	NM		
Noninterest income before net securities gains	62			29		 	NM		 	79		 	68		 	16		
Net securities gains	4			14		 	(71	)	 	4		 	14		 	(71	)	
Total noninterest income	66			43		 	53		 	83		 	82		 	1		
Noninterest expense before amortization	(4	)		31		 	NM		 	(15	)	 	9		 	NM		
Amortization	(1	)		1		 	NM		 	—		 	(1	)	 	(100	)	
Total noninterest expense	(5	)		32		 	NM		 	(15	)	 	8		 	NM		
Income/(loss)-FTE - before provision/(benefit) for income taxes 2	96			(64	)	 	NM		 	140		 	(78	)	 	NM		
Provision/(benefit) for income taxes	16			(24	)	 	NM		 	26		 	(34	)	 	NM		
FTE adjustment	1			—		 	NM		 	2		 	1		 	100		
Net income/(loss) including income attributable to noncontrolling interest	79			(40	)	 	NM		 	112		 	(45	)	 	NM		
Less: net income attributable to noncontrolling interest	2			2		 	—		 	5		 	4		 	25		
Net income/(loss)		$77				($42	)	 	NM		 		$107		 		($49	)	 	NM		
 	 	 	 	 	 	 	 	 	 	 	 	
Total revenue		$90		 		($32	)	 	NM		 		$122		 		($71	)	 	NM		
Total revenue-FTE 2	91			(32	)	 	NM		 	124		 	(70	)	 	NM		
 	 	 	 	 	 	 	 	 	 	 	 	
Selected Average Balances:	 	 	 	 	 	 	 	 	 	 	 	
Total loans		$69				$54		 	28	 %	 		$71		 		$46		 	54	 %	
Securities available for sale	28,021			26,309		 	7		 	27,647		 	26,061		 	6		
Goodwill	—			—		 	—		 	—		 	—		 	—		
Other intangible assets excluding MSRs	—			—		 	—		 	—		 	—		 	—		
Total assets	33,949			32,267		 	5		 	33,059		 	32,652		 	1		
Consumer and commercial deposits	12			(3	)	 	NM		 	25		 	21		 	19		
 	 	 	 	 	 	 	 	 	 	 	 	
Other Information (End of Period):	 	 	 	 	 	 	 	 	 	 	 	
Duration of investment portfolio (in years)	 	 	 	 	 	 	4.1		 	4.4		 	 	
Net interest income interest rate sensitivity:	 	 	 	 	 	 	 	 	 	 	 	
% Change in net interest income under:	 	 	 	 	 	 	 	 	 	 	 	
Instantaneous 200 basis point increase in rates over next 12 months	 	 	 	 	 	4.2	 %	 	4.4	 %	 	 	
Instantaneous 100 basis point increase in rates over next 12 months	 	 	 	 	 	2.3	 %	 	2.3	 %	 	 	
Instantaneous 25 basis point decrease in rates over next 12 months	 	 	 	 	 	(0.7	)%	 	(0.9	)%	 	 	

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-FTE, income-FTE, and total revenue-FTE are presented on a fully taxable-equivalent (“FTE”) basis. The FTE basis adjusts for the tax-favored status of net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources. Total revenue-FTE equals net interest income on an FTE basis plus noninterest income.	
		
3  	Provision/(benefit) for credit losses represents net charge-offs by segment combined with an allocation to the segments for the provision/(benefit) attributable to quarterly changes in the allowance for loan and lease losses and unfunded commitments reserve balances.	
4 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

28

SunTrust Banks, Inc. and Subsidiaries
CONSOLIDATED SEGMENT TOTALS

																						
 	Three Months Ended June 30	 	 	 	Six Months Ended June 30	 	 	
(Dollars in millions) (Unaudited)	2016	 	2015	 	% Change 2	 	2016	 	2015	 	% Change 2	
Statements of Income:	 	 	 	 	 	 	 	 	 	 	 	
Net interest income		$1,288		 		$1,167		 	10	 %	 		$2,569		 		$2,307		 	11	 %	
FTE adjustment	35		 	36		 	(3	)	 	71		 	71		 	—		
Net interest income-FTE 1	1,323		 	1,203		 	10		 	2,640		 	2,378		 	11		
Provision for credit losses	146		 	26		 	NM		 	246		 	82		 	NM		
Net interest income-FTE - after provision for credit losses 1	1,177		 	1,177		 	—		 	2,394		 	2,296		 	4		
Noninterest income before net securities gains	894		 	860		 	4		 	1,676		 	1,678		 	—		
Net securities gains	4		 	14		 	(71	)	 	4		 	14		 	(71	)	
Total noninterest income	898		 	874		 	3		 	1,680		 	1,692		 	(1	)	
Noninterest expense before amortization	1,334		 	1,321		 	1		 	2,642		 	2,595		 	2		
Amortization	11		 	7		 	57		 	21		 	13		 	62		
Total noninterest expense	1,345		 	1,328		 	1		 	2,663		 	2,608		 	2		
Income-FTE - before provision for income taxes 1	730		 	723		 	1		 	1,411		 	1,380		 	2		
Provision for income taxes	201		 	202		 	—		 	396		 	393		 	1		
FTE adjustment	35		 	36		 	(3	)	 	71		 	71		 	—		
Net income including income attributable to noncontrolling interest	494		 	485		 	2		 	944		 	916		 	3		
Less: net income attributable to noncontrolling interest	2		 	2		 	—		 	5		 	4		 	25		
Net income		$492		 		$483		 	2		 		$939		 		$912		 	3		
 	 	 	 	 	 	 	 	 	 	 	 	
Total revenue		$2,186		 		$2,041		 	7		 		$4,249		 		$3,999		 	6		
Total revenue-FTE 1	2,221		 	2,077		 	7		 	4,320		 	4,070		 	6		
 	 	 	 	 	 	 	 	 	 	 	 	
Selected Average Balances:	 	 	 	 	 	 	 	 	 	 	 	
Total loans		$141,238		 		$132,829		 	6	 %	 		$139,805		 		$133,082		 	5	 %	
Goodwill	6,337		 	6,337		 	—		 	6,337		 	6,337		 	—		
Other intangible assets excluding MSRs	14		 	12		 	17		 	16		 	13		 	23		
Total assets	198,307		 	188,310		 	5		 	195,661		 	188,785		 	4		
Consumer and commercial deposits	154,166		 	142,851		 	8		 	151,698		 	141,670		 	7		
 	 	 	 	 	 	 	 	 	 	 	 	
Performance Ratios:	 	 	 	 	 	 	 	 	 	 	 	
Efficiency ratio	61.53	 %	 	65.07	 %	 	 	 	62.67	 %	 	65.22	 %	 	 	
Impact of FTE adjustment	(0.97	)	 	(1.15	)	 	 	 	(1.02	)	 	(1.15	)	 	 	
Efficiency ratio-FTE 1	60.56		 	63.92		 	 	 	61.65		 	64.07		 	 	
Impact of excluding amortization and associated funding cost of intangible assets	(0.51	)	 	(0.33	)	 	 	 	(0.49	)	 	(0.32	)	 	 	
Tangible efficiency ratio-FTE 1	60.05	 %	 	63.59	 %	 	 	 	61.16	 %	 	63.75	 %	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	
1 Net interest income-FTE, income-FTE, total revenue-FTE, efficiency ratio-FTE, and tangible efficiency ratio-FTE are presented on a fully taxable-equivalent (“FTE”) basis. The FTE basis adjusts for the tax-favored status of net interest income from certain loans and investments. See Appendix A for additional information and reconcilements of non-U.S. GAAP performance measures.
2 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

29

2Q 2016 Earnings Presentation July 22, 2016 

 

2 Important Cautionary Statement This presentation should be read in conjunction with the financial statements, notes and other information contained in the Company’s 2015 Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. Non-GAAP Financial Measures This presentation includes non-GAAP financial measures to describe SunTrust’s performance. The reconciliations of those measures to GAAP measures are provided within or in the appendix of this presentation beginning on slide 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, and tangible book value per share. These measures exclude the after-tax impact of purchase accounting intangible assets. The Company believes these measures are useful to investors because, by removing the effect of intangible assets that result from merger and acquisition activity (the level of which may vary from company to company), it allows investors to more easily compare the Company’s capital adequacy to other companies in the industry. These measures are used by management to analyze capital adequacy of the Company. • Similarly, the Company presents an efficiency ratio-FTE and a tangible efficiency ratio-FTE. The efficiency ratio is computed by dividing noninterest expense by total revenue. Efficiency ratio-FTE is computed by dividing noninterest expense by total revenue-FTE. The tangible efficiency ratio-FTE excludes the amortization related to intangible assets and certain tax credits. The Company believes this measure is useful to investors because, by removing the impact of amortization (the level of which may vary from company to company), it allows investors to more easily compare the Company’s efficiency to other companies in the industry. This measure is also utilized by management to assess the efficiency of the Company and its lines of business. • The Company presents the Basel III Common Equity Tier 1 (CET1), on a fully-phased in basis. The fully phased-in ratio consider a 250% risk-weighting for MSRs and deduction from capital of certain carryforward DTAs, the overfunded pension asset, and other intangible assets. The Company believes these measures may be useful to investors who wish to understand the Company's current compliance with future regulatory requirements. Important Cautionary Statement about Forward-Looking Statements This presentation contains forward-looking statements. Statements regarding future levels of the efficiency ratio, net interest margin, regulatory assessments, net charge-offs, loan loss provision expense, nonperforming loans, mortgage production income, and service charge on deposits are forward-looking statements. Also, any statement that does not describe historical or current facts is a forward-looking statement. These statements often include the words “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “targets,” “initiatives,” “opportunity,” “potentially,” “probably,” “projects,” “outlook” or similar expressions or future conditional verbs such as “may,” “will,” “should,” “would,” and “could"; such statements are based upon the current beliefs and expectations of management and on information currently available to management. Such statements speak as of the date hereof, and we do not assume any obligation to update the statements made herein or to update the reasons why actual results could differ from those contained in such statements in light of new information or future events. Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward- looking statements. Factors that could cause actual results to differ materially from those described in the forward-looking statements can be found in Part I, Item 1A., “Risk Factors,” in our Annual Report on Form 10-K for the year ended December 31, 2015 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 increased capital adequacy and liquidity requirements and our failure to meet these would adversely affect our financial condition; the fiscal and monetary 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 MSRs 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; we are subject to litigation, and our expenses related to this litigation may adversely affect our results; we may incur fines, penalties and other negative consequences from regulatory violations, possibly even inadvertent or unintentional violations; we are subject to certain risks related to originating and selling mortgages, and may be required to repurchase mortgage loans or indemnify mortgage loan purchasers as a result of breaches of representations and warranties, or borrower fraud, and this could harm our liquidity, results of operations, and financial condition; we face certain risks as a servicer of loans; we are subject to risks related to delays in the foreclosure process; clients could pursue alternatives to bank deposits, causing us to lose a relatively inexpensive source of funding; 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 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; maintaining or increasing market share depends on market acceptance and regulatory approval of new products and services; our ability to receive dividends from our subsidiaries or other investments could affect our liquidity and ability to pay dividends; any reduction in our credit rating could increase the cost of our funding from the capital markets; 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; we might not pay dividends on our stock; and certain banking laws and certain provisions of our articles of incorporation may have an anti-takeover effect. 

 

3 2Q 16 Earnings Overview 1. Please refer to slide 24 of the appendix for the GAAP reconciliations 2. Please refer to slide 26 of the appendix for a reconcilement to book value per share 3. 2Q 15 included $0.03 related to discrete benefits; excluding these benefits, EPS was $0.86. 2Q 16 included $0.05 of discrete benefits; excluding these benefits, EPS was $0.89 Prior Quarter Variance • EPS increased $0.10, or 12% → Revenue growth and efficiency gains offset higher credit costs → 2Q 16 included $0.05 in net discrete benefits comprised of: → $44 million (pre-tax): net asset–related gains (other noninterest income) → ($21) million (pre-tax): discrete charges related to ongoing efficiency initiatives (other noninterest expense) → $9 million: discrete tax benefit (provision for income taxes) Prior Year Variance • EPS increased $0.05, or 6% → Primarily driven by higher revenue and efficiency gains; partially offset by increased provision expense → 2Q 15 included $0.03 of discrete tax benefits; excluding this and $0.05 of discrete benefits in 2Q 16, EPS increased $0.033, or 3% EPS Trends Profitability • Revenue up 6%, driven by strong performance across most noninterest income categories • Net interest income up slightly as solid loan growth offset net interest margin compression • Continued efficiency progress → Efficiency ratio of 60.6%; tangible efficiency ratio1 of 60.1% Balance Sheet • Net interest margin down 5 bps, offset by solid balance sheet growth: → Average loans up 2% → Average client deposits up 3%; period- end deposits stable Credit & Capital • Asset quality, excluding energy, remains strong; energy losses in line with expectations → NCO ratio of 39 bps (20 bps related to energy) → NPL ratio declined 3 bps due to the resolution of problem energy loans → Provision expense increased by $45 million largely due to higher energy charge-offs • Book value and tangible book value per share2 up 3% $0.89 $1.00 $0.91 $0.84 $0.94 2Q 15 3Q 15 4Q 15 1Q 16 2Q 16 Key Highlights All changes reflect sequential (1Q 16 to 2Q 16) trends, unless otherwise noted 

 

4 Net Interest Income1 Net interest income up slightly ($ in millions) Prior Quarter Variance • Net interest margin (FTE) decreased 5 bps, driven by → Lower earning asset yields as a result of flatter yield curve and continued low rates (3 bps) → Long-term debt issuance (1 bp) • Net interest income increased $6 million as 2% loan growth offset the decline in NIM Prior Year Variance • Net interest margin (FTE) increased 13 bps, driven by → Higher loan yields resulting from the 4Q 15 rate increase → Positive earning asset mix shift as a result of ongoing balance sheet optimization efforts • Net interest income increased $121 million, or 10%, as a result of net interest margin improvement and 6% loan growth $1,167 $1,211 $1,246 $1,282 $1,288 $1,203 $1,247 $1,281 $1,318 $1,323 2.86% 2.94% 2.98% 3.04% 2.99% 2Q 15 3Q 15 4Q 15 1Q 16 2Q 16 Net Interest I o e Net Interest Income (FTE) NIM (FTE) 1. On this slide, net interest income is reported on an unadjusted and fully taxable-equivalent (“FTE”) basis. The FTE basis adjusts for the tax-favored status of income from certain loans and investments. SunTrust believes this measure to be the preferred industry measurement of net interest income and provides relevant comparison between taxable and non-taxable amounts. Net interest margin is calculated as net interest income (FTE) divided by average earning assets (on an annualized basis) 2. Please refer to slide 24 for a reconciliation of net interest income to net interest income (FTE) 2 

 

5 Noninterest Income Noninterest income higher sequentially and year-over-year ($ in millions) Prior Quarter Variance • Noninterest income increased $117 million → $41 million increase in mortgage-related income, as a result of increased purchase and refinance activity and higher gain-on sale margins → $37 million increase in other noninterest income (related to $44 million net asset-related gains) → $7 million increase in capital markets-related income Prior Year Variance • Noninterest income increased $24 million, or 3%, driven by → $57 million increase in mortgage-related income → $23 million increase in other noninterest income (same driver as sequential increase) • Offset by lower capital markets (record performance in 2Q 15) and wealth-management-related income (more challenging market conditions in 2016) $874 $811 $765 $781 $898 2Q 15 3Q 15 4Q 15 1Q 16 2Q 16 

 

6 Noninterest Expense Expense management continues; expenses relatively stable ($ in millions) Prior Quarter Variance • Noninterest expense increased $27 million, driven primarily by $21 million in discrete charges associated with ongoing efficiency initiatives (other noninterest expense) Prior Year Variance • Noninterest expense up modestly • Cost-saving initiatives continue to fund targeted investments in growth and increased regulatory and compliance costs $1,328 $1,264 $1,288 $1,318 $1,345 2Q 15 3Q 15 4Q 15 1Q 16 2Q 16 

 

7 Efficiency Ratio and Tangible Efficiency Ratio1 On track for improvement relative to 2015 63.9% 63.6% 61.0% 62.1% 62.3% 60.1% 64.2% 63.9% 61.4% 63.0% 62.8% 60.6% 1Q 15 2Q 15 3Q 15 4Q 15 1Q 16 2Q 16 62.6% 61.2% 63.1% 61.7% 2015 1H 16 1. The efficiency ratio and tangible efficiency ratio are reported on fully taxable-equivalent (“FTE”) basis. The FTE basis adjusts net interest income for the tax-favored status of income from certain loans and investments. Unadjusted net interest income can be found on slide 5. Please refer to slide 24 of the appendix for reconciliations related to the efficiency ratio 63.9% 63.6% 61.0% 62.1% 62.3% 60.1% 64.2% 63.9% 61.4% 63.0% 62.8% 60.5% 1Q 15 2Q 15 3Q 15 4Q 15 1Q 16 2Q 16 Efficiency Ratio Tangible Efficiency Ratio 

 

8 $26 $32 $51 $101 $146 2Q 15 3Q 15 4Q 15 1Q 16 2Q 16  Increases over the past 5 quarters generally driven by energy portfolio, loan growth, and moderating asset quality improvements Net charge-offs increased due to energy portfolio; asset quality, ex-energy, remains strong Credit Quality ($ in millions)  Energy NPL formation slowing; NPL, ex energy, relatively stable  23% YoY decline in non-energy NCOs Nonperforming Loans Net Charge-offs Provision for Credit Losses Allowance for Loan and Lease Losses $87 $71 $79 $71 $67 $4 $14 $70 0.26% 0.21% 0.24% 0.25% 0.39% 2Q 15 3Q 15 4Q 15 1Q 16 2Q 16 NCOs (ex-energy) Energy NCOs Total NCO Ratio (annualized) $1,834 $1,786 $1,752 $1,770 $1,774 1.39% 1.34% 1.29% 1.27% 1.25% 2Q 15 3 4 1 6 2 ALLL ALLL Ratio $481 $463 $498 $555 $590 74 420 $354 0.36% 0.35% 0.49% 0.70% 0.67% 2Q 15 3 15 4 15 1 16 2Q 16 NPLs (ex-energy) Energy NPLs Total NPL Ratio $83 $85 $137 $975 $672 $944 

 

9 Loans Average performing loans up 2% sequentially and 6% year-over-year ($ in billions, average balances) 1. Includes consumer other direct, consumer student-guaranteed, and consumer credit cards Note: Totals may not foot due to rounding Prior Quarter Variance • Average performing loans increased $2.7 billion, or 2%, with broad-based growth → C&I up $0.9 billion → Consumer direct1 up $0.7 billion → Residential mortgage up $0.6 billion → Consumer indirect up $0.5 billion Prior Year Variance • Average performing loans up $8.1 billion, or 6%, driven by broad-based growth → C&I up $3.2 billion → Consumer direct1 up $2.7 billion → Residential mortgage up $1.9 billion • Partially offset by declines in home equity $73.4 $72.9 $74.4 $76.4 $77.6 $38.1 $38.5 $38.5 $38.6 $38.8 $20.7 $21.0 $21.8 $22.7 $23.9 $132.2 $132.4 $134.7 $137.6 $140.3 2Q 15 3Q 15 4Q 15 1Q 16 2Q 16 Commercial Residential Consumer 

 

10 Deposits Deposit growth continues; average balances up 3% sequentially and 8% year-over-year Note: Totals may not foot due to rounding Prior Quarter Variance • Average client deposits increased 3%, or $5 billion, driven by growth in NOW and DDA accounts → Growth positively impacted by a temporary client deposit related to an M&A transaction; without this, average client deposits would have increased 2%, or $2.8 billion • Period-end balances stable as a result of typical seasonal patterns • Interest-bearing deposit costs increased 1 bp Prior Year Variance • Average client deposits increased $11.3 billion, or 8%, with growth concentrated in lower-cost products → NOW accounts up $7.3 billion → Money market accounts up $3.7 billion → CD’s down $0.5 billion • Period-end deposits up $7.9 billion, or 5%, with growth concentrated in the same lower-cost products ($ in billions, average balances) $49.5 $51.1 $52.3 $53.1 $53.2 $42.3 $42.2 $42.6 $42.1 $43.0 $34.4 $35.8 $37.3 $38.0 $41.7 $10.4 $10.0 $9.9 $9.9 $9.9 $6.3 $6.2 $6.1 $6.2 $6.4 $142.9 $145.2 $148.2 $149.2 $154.2 2Q 15 3Q 15 4Q 15 1Q 16 2Q 16 Money Market DDA (Nonint bearing) NOW Time Savings 

 

11 Capital Position Book value and tangible book value per share3 up 9% and 12% year-over-year, respectively ($ in billions, except per-share data) Total Equity & Tangible Common Equity Ratios2 1. Current quarter amounts are estimated at the time of the earnings release and subject to revision. Please refer to slide 25 of the appendix for additional details on the current quarter’s calculation 2. Please refer to slide 26 of the appendix for a reconcilement of total equity to tangible common equity and total assets to tangible assets 3. Please refer to slide 26 of the appendix for a reconcilement of book value per share to tangible book value per share Basel III Common Equity Tier 11 $16.0 $16.2 $16.4 $16.5 $16.7 9.9% 10.0% 10.0% 9.9% 9.8% 9.8% 9.9% 9.8% 9.8% 9.7% 2Q 15 3Q 15 4Q 15 1Q 16 2Q 16 Basel III CET1 Basel III fully phased-in CET1 12.3% 12.4% 12.4% 12.3% 12.1% 8.6% 9.0% 8.7% 8.9% 8.8% 2Q 15 3Q 15 4Q 15 1Q 16 2Q 16 Avg. Equity/Avg. Assets Tangible Common Equity/Tangible Assets Book Value / Tangible Book Value Per Share3 $30.46 $31.56 $31.45 $32.90 $33.98 $42.26 $43.44 $43.45 $44.97 $46.14 2Q 15 3Q 15 4Q 15 1Q 16 2Q 16 Book Value Per Share Tangible Book Value Per Share 

 

12 Consumer Banking and PWM Highlights • Net income decreased $10 million, primarily due to higher provision expense which was partially offset by a $16 million increase in revenue • Net interest income up 1% as strong balance sheet growth offset a decline in NIM → Average loans increased 2% (broad-based across auto, LightStream, student, and credit card) → Average deposits increased 4% (partially benefitted from a large client escrow deposit; excluding this, deposits increased 2%) • Noninterest income increased $11 million, as a result of higher client- transaction-related fees (service charges, card fees, ATM fees) and higher retail investment income • Noninterest expense increased $12 million, or 2%, driven by discrete charges related to branch network optimization efforts Prior Quarter Variance • Net income decreased $38 million, due to higher provision expense, higher noninterest expenses, and lower noninterest income → Higher provision expense driven by loan growth and moderating asset quality improvements → Noninterest income decline driven primarily by lower wealth management-related income → Expenses higher due to the same factors as the prior quarter increase in addition to higher marketing expenditures • Net interest income increased $30 million, as a result of solid loan and deposit growth and higher-return loan mix → Growth in higher-return consumer lending portfolio continues Prior Year Variance ($ in millions) 2Q 15 1Q 16 2Q 16 %Δ Prior Qtr %Δ Prior Yr Net Interest Income $675 $700 $705 1 % 4 % Noninterest Income 389 355 366 3 % (6)% Total Revenue 1,064 1,055 1,071 2 % 1 % Provision for Credit Losses 9 29 49 69 % NM Noninterest Expense 730 746 758 2 % 4 % Net Income $204 $176 $166 (6)% (19)% Key Statistics ($ in billions) Total Loans (average) $40.3 $41.6 $42.5 2 % 5 % Client Deposits (average) $91.2 $93.3 $97.1 4 % 6 % Managed Assets $53.1 $51.7 $52.3 1 % (2)% Efficiency Ratio 68.6% 70.6% 70.8% Tangible Efficiency Ratio¹ 67.0% 69.1% 69.3% 1. Please refer to page 25 of the earnings release for a reconciliation of efficiency ratio to tangible efficiency ratio 

 

13 Wholesale Banking Highlights • Net income decreased $10 million, largely due to higher provision expense (driven by energy charge-offs) → Total revenue increased 1% • Net interest income declined slightly as a result of lower spreads, slightly offset by 2% loan growth • Noninterest income increased $16 million, as a result of higher capital- markets related income → Investment banking income increased $28 million and represents the second best quarter o Largely due to relative strength of investment grade bonds and equity capital markets, key areas of investment → Solid trading income negatively impacted by higher CVA costs ($17 million impact) Prior Quarter Variance • Net income decreased $78 million, due to higher provision expense, lower noninterest income, and higher expenses → Higher provision expense driven by increased energy-related charge-offs and loan growth → Noninterest income declines driven by record investment banking quarter in 2Q 15 and higher CVA costs in 2Q 16 → Expenses increased, in part due to higher personnel costs • Net interest income stable, as strong balance sheet growth offset margin compression → Average loans up 7% (broad-based across STRH, Commercial, & CRE) → Average deposits up 11% (Treasury and Payment Solutions momentum continues) Prior Year Variance ($ in millions) 2Q 15 1Q 16 2Q 16 %Δ Prior Qtr %Δ Prior Yr Net Interest Income (FTE) $480 $488 $482 (1)% 0 % Noninterest Income 337 285 301 6 % (11)% Total Revenue (FTE) 817 773 783 1 % (4)% Provision/(Benefit) for Credit Losses 30 82 103 26 % NM Noninterest Expense 386 407 414 2 % 7 % Net Income $263 $195 $185 (5)% (30)% Key Statistics ($ in billions) Total Loans (average) $67.6 $70.8 $72.1 2 % 7 % Client Deposits (average) $48.6 $53.6 $54.1 1 % 11 % Efficiency Ratio (FTE)¹ 47.3% 52.7% 52.9% Tangible Efficiency Ratio (FTE)¹ 46.0% 50.7% 50.8% 1. The efficiency ratio and tangible efficiency ratio are reported on fully taxable-equivalent (“FTE”) basis. The FTE basis adjusts net interest income for the tax-favored status of income from certain loans and investments. Please refer to page 26 of the earnings press release for a reconciliation of efficiency ratio to tangible efficiency ratio 

 

14 Mortgage Banking Highlights Prior Quarter Variance • Net income increased $19 million, as a result of higher noninterest income • Net interest income declined slightly, due to lower loan spreads (also applies to prior year) • Noninterest income increased $41 million as a result of increases in production income, partially offset by declines in servicing income → Production income increased $51 million as a result of higher purchase and refinance activity, in addition to higher gain-on- sale margins o Production volume up 46%, application volume up 22% → As anticipated, servicing income decreased $10 million, due to higher decay expense • Net income up 10%, driven by the same factors as the sequential increase • Noninterest income increased $60 million as a result of increases in both production and servicing income → Production income higher for the same reason as quarterly variance o Purchase volume up 17%; refinance volume up 7% → Servicing income higher due to improved hedge performance and portfolio acquisitions o Servicing portfolio up 6% • Strong revenue growth, combined with disciplined expense management, drove improvement in efficiency ratio Prior Year Variance ($ in millions) 2Q 15 1Q 16 2Q 16 %Δ Prior Qtr %Δ Prior Yr Net Interest Income $123 $112 $111 (1)% (10)% Noninterest Income 105 124 165 33 % 57 % Total Revenue 228 236 276 17 % 21 % Provision/(Benefit) for Credit Losses (13) (10) (6) NM (54)% Noninterest Expense 180 174 178 2 % (1)% Net Income $58 $45 $64 42 % 10 % Key Statistics ($ in billions) Servicing Portfolio for Others (EOP) $118.4 $121.3 $125.4 3 % 6 % Production Volume $6.5 $5.0 $7.3 46 % 12 % Application Volume $8.8 $9.2 $11.2 22 % 27 % Efficiency Ratio 78.9% 74.1% 64.6% 

 

15 2Q 16 Results Conclusion SunTrust Investment Thesis  • 7% revenue growth driven by diverse business model → 6% average loan growth and 8% average deposit growth drive net interest income growth → Mortgage and investment banking demonstrate relative strength, benefitting noninterest income Strong & Diverse Franchise  • 6% EPS growth • Efficiency ratio demonstrates steady, continued improvement • 13 bp increase in NIM Improving Returns & Efficiency  • Second best quarter for investment banking income • Consumer lending momentum continues • Targeted growth in mortgage • Strong deposit growth as a result of investments in digital and Treasury and Payment Solutions Investing in Growth Opportunities Strong Capital Position  • Strong CCAR performance enables 23% prospective increase in total capital return1 → Low loan loss rates and capital erosion relative to other banks → 3% reduction in share count • Tangible book value per share up 12% • 9.7% Basel III CET1 (fully phased-in) 2 1. Compares total dividends and share buybacks in 2016 capital plan to total dividends and share buybacks in 2015 capital plan 2. Please refer to slide 25 of the appendix for Common Equity Tier 1 (Basel III Transitional) to Common Equity Tier 1 (Basel III Fully Phased-In) reconciliation All changes reflect year-over-year (2Q 15 to 2Q 16) trends, unless otherwise noted 

 

Appendix 

 

17 2Q 15 3Q 15 4Q 15 1Q 16 2Q 16 EPS $0.89 $1.00 $0.91 $0.84 $0.94 Tangible Efficiency Ratio (FTE) 1 63.6% 61.0% 62.1% 62.3% 60.1% Net Interest Margin (FTE) 2.86% 2.94% 2.98% 3.04% 2.99% Return on Average Assets 1.03% 1.13% 1.01% 0.93% 1.00% Average Performing Loans ($ in billions) $132.2 $132.4 $134.7 $137.6 $140.3 Average Client Deposits ($ in billions) $142.9 $145.2 $148.2 $149.2 $154.2 NPL Ratio 0.36% 0.35% 0.49% 0.70% 0.67% NCO Ratio 0.26% 0.21% 0.24% 0.25% 0.39% ALLL Ratio 1.39% 1.34% 1.29% 1.27% 1.25% Basel III Common Equity Tier 1 Ratio (fully phased-in) 2 9.8% 9.9% 9.8% 9.8% 9.7% Tangible Book Value Per Share 3 $30.46 $31.56 $31.45 $32.90 $33.98 Balance Sheet Credit & Capital Profitability 5-Quarter Financial Highlights 1. The efficiency ratios (FTE) for 2Q 15, 3Q 15, 4Q 15, 1Q 16, and 2Q 16 were 63.9%, 61.4%, 63.0%, 62.8%, and 60.6% respectively. Refer to slide 24 of the appendix for the GAAP reconciliations 2. Please refer to slide 25 of the appendix for Common Equity Tier 1 (Basel III Transitional) to Common Equity Tier 1 (Basel III Fully Phased-In) reconciliation 3. Book value per share was $42.26 $43.44, $43.45, $44.97, and $46.14 for the periods ending 2Q 15, 3Q 15, 4Q 15, 1Q 16, and 2Q 16 respectively. Refer to slide 26 of the appendix for a reconcilement to book value per share Key Metrics 

 

18 Energy Portfolio Details ($ in billions) Note: All data as of June 30, 2016. Totals may not foot due to rounding 1. Exposure includes loans outstanding and unfunded commitments Commentary  Key portfolio statistics: □ E&P and OFS represent only 36% of portfolio □ Energy reserves / energy loans: 4.7% □ Energy reserves / E&P and OFS loans: 12.9% □ $89 million of charge-offs recognized since October 1, 2015 □ 71% of nonaccrual loans were current as of June 30, 2016  Strong overall collateral coverage  Immaterial second lien exposure  Robust and experienced team with more than 60 energy specialists, including on-staff petroleum reserve engineers □ Average tenure of 14+ years with SunTrust and 30+ years in risk management Portfolio Overview 2.2% of Total Loans Outstanding Total Loans: $142 billion Sect r Exposure1 Outstandings Nonaccruals Criticized Accruing Total Criticized Downstre m $1.5 $0.2 0% 10% 10% Midstrea $4.4 $1.7 1% 0% 1% Upstream (E&P) $1.7 $0.7 35% 57% 92% Drilling / Oilfield Services (OFS) $1.3 $0.5 22% 29% 50% Other $0.1 $0.1 0% 67% 67% Total $9.0 $3.1 11% 18% 30% Criticized Loans Energy: 2.2% Other: 97.8% 

 

19 Mortgage Servicing Income Supplemental Information ($ in millions) 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 2Q 15 3Q 15 4Q 15 1Q 16 2Q 16 Servicing Fees1 $83 $89 $93 $87 $92 ($57) ($53) ($49) ($40) ($55) Net MSR Fair Value and Hedge Activity3 $6 $5 $13 $16 $16 Mortgage Servicing Income $30 $40 $56 $62 $52 Memo: Total Loans Serviced for Others (average balance) $116,239 $120,724 $121,670 $120,814 $123,629 Annualized Servicing Fees / Average Loans Serviced for Others (bps) 29 29 30 29 30 Changes in MSR Value from Collection/Realization of Cash Flow (Decay)2 

 

20 30 – 89 Day Delinquencies by Loan Class ($ in millions) 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 Memo: 30-89 Accruing Delinquencies 2Q 15 3Q 15 4Q 15 1Q 16 2Q 16 2Q 16 Loan Balance Commercial & industrial 0.05% 0.14% 0.09% 0.16% 0.05% $68,603 Commercial real estate 0.04% 0.03% 0.05% 0.06% 0.03% 6,228 Commercial construction 0.02% 0.00% 0.01% 0.00% 0.00% 2,616 Total Commercial Loans 0.05% 0.12% 0.08% 0.15% 0.04% $77,447 Residential mortgages – guaranteed $534 Residential mortgages – nonguaranteed 0.38% 0.43% 0.42% 0.35% 0.31% 26,037 Home equity products 0.56% 0.61% 0.66% 0.59% 0.64% 12,481 Residential construction 1.20% 0.69% 0.70% 0.46% 0.11% 397 Total Residential Loans¹ 0.45% 0.50% 0.51% 0.43% 0.41% $39,449 Guaranteed student loans $5,562 Other direct 0.39% 0.39% 0.39% 0.41% 0.33% 6,825 Indirect 0.80% 0.82% 1.01% 0.73% 0.79% 11,195 Credit cards 0.64% 0.78% 0.81% 0.71% 0.70% 1,177 Total Consumer Loans² 0.65% 0.67% 0.78% 0.62% 0.62% $24,759 Total SunTrust - excl. gov.-guaranteed delinquencies³ 0.25% 0.31% 0.30% 0.29% 0.23% $135,560 Impact of excluding gov.-guaranteed delinquencies 0.25% 0.30% 0.40% 0.38% 0.35% 6,095 Total SunTrust - incl. gov.-guaranteed delinquencies 4 0.50% 0.61% 0.70% 0.67% 0.58% $141,656 

 

21 Nonperforming Loans by Loan Class Note: Totals may not foot due to rounding ($ in millions) Memo: Nonperforming Loans 2Q 15 3Q 15 4Q 15 1Q 16 2Q 16 2Q 16 Loan Balance Commercial & industrial $140 $122 $308 $565 $491 $68,603 Commercial real estate 17 15 10 10 10 6,228 Commercial construction 1 1 1 2 2 2,616 Total Commercial Loans $158 $138 $319 $577 $503 $77,447 Residential mortgages – guaranteed $534 Residential mortgages – nonguaranteed 147 156 184 198 194 26,037 Home equity products 153 146 145 180 226 12,481 Residential construction 18 16 16 12 13 397 Total Residential Loans $318 $318 $344 $390 $433 $39,449 Guaranteed student loans $5,562 Other direct 4 4 6 5 5 6,825 Indirect 1 3 3 3 4 11,195 Credit cards - - - - - 1,177 Total Consumer Loans $5 $7 $9 $8 $8 $24,759 Total SunTrust $481 $463 $672 $975 $944 $141,656 NPLs / Total Loans 0.36% 0.35% 0.49% 0.70% 0.67% 

 

22 Net Charge-off Ratios by Loan Class Note: Totals may not foot due to rounding ($ in millions) Memo: Net Charge-off Ratio (annualized) 2Q 15 3Q 15 4Q 15 1Q 16 2Q 16 2Q 16 Loan Balance Commercial & industrial 0.12 % 0.08 % 0.15 % 0.14 % 0.52 % $68,603 Commercial real estate (0.15)% 0.01 % 0.02 % (0.10)% (0.01)% 6,228 Commercial construction (0.07)% (0.13)% (0.02)% (0.04)% (0.00)% 2,616 Total Commercial Loans 0.09 % 0.07 % 0.13 % 0.12 % 0.46 % $77,447 Residential mortgages – guaranteed $534 Residential mortgages – nonguaranteed 0.46 % 0.32 % 0.21 % 0.27 % 0.20 % 26,037 Home equity products 0.52 % 0.52 % 0.49 % 0.55 % 0.36 % 12,481 Residential construction 5.39 % (1.45)% 0.49 % 0.24 % 0.07 % 397 Total Residential Loans 0.53 % 0.37 % 0.30 % 0.36 % 0.24 % $39,449 Guaranteed student loans $5,562 Other direct 0.56 % 0.49 % 0.53 % 0.46 % 0.45 % 6,825 Indirect 0.28 % 0.42 % 0.57 % 0.56 % 0.34 % 11,195 Credit cards 2.23 % 1.95 % 2.19 % 2.30 % 2.48 % 1,177 Total Consumer Loans 0.38 % 0.42 % 0.51 % 0.49 % 0.39 % $24,759 Total SunTrust 0.26 % 0.21 % 0.24 % 0.25 % 0.39 % $141,656 

 

23 Net Charge-offs by Loan Class Note: Totals may not foot due to rounding ($ in millions) Memo: Net Charge-offs 2Q 15 3Q 15 4Q 15 1Q 16 2Q 16 2Q 16 Loan Balance Commercial & industrial $20 $14 $24 $24 $90 $68,603 Commercial real estate (3) - 1 (2) - 6,228 Commercial construction - (1) - - - 2,616 Total Commercial Loans $17 $13 $25 $22 $90 $77,447 Residential mortgages – guaranteed $534 Residential mortgages – nonguaranteed 27 20 12 16 12 26,037 Home equity products 19 18 17 18 11 12,481 Residential construction 5 (2) 1 - - 397 Total Residential Loans $51 $36 $30 $35 $24 $39,449 Guaranteed student loans $5,562 Other direct 7 6 8 7 7 6,825 Indirect 7 11 15 14 9 11,195 Credit cards 5 5 6 6 7 1,177 Total Consumer Loans $19 $22 $29 $28 $23 $24,759 Total SunTrust $87 $71 $83 $85 $137 $141,656 

 

24 Reconciliation of Tangible Efficiency Ratio ($ in millions) Note: Totals may not foot due to rounding 1Q 15 2Q 15 3Q 15 4Q 15 1Q 16 2Q 16 2015 1H 16 Reported (GAAP) Basis Net Interest Income 1,140 1,167 1,211 1,246 1,282 1,288 4,764 2,569 Noninterest Income 817 874 811 765 781 898 3,268 1,680 Total Revenue 1,957 2,041 2,022 2,011 2,063 2,186 8,032 4,249 Total Expense 1,280 1,328 1,264 1,288 1,318 1,345 5,160 2,663 Efficiency Ratio 65.4% 65.1% 62.5% 64.0% 63.9% 61.5% 64.2% 62.7% Reconciliation: Net Interest Income 1,140 1,167 1,211 1,246 1,282 1,288 4,764 2,569 FTE Adjustement 35 36 36 35 36 35 142 71 Net Interest Income-FTE 1,175 1,203 1,247 1,281 1,318 1,323 4,906 2,640 Noninterest Income 817 874 811 765 781 898 3,268 1,680 Total Revenue-FTE 1,992 2,077 2,058 2,046 2,099 2,221 8,174 4,320 Total Expense 1,280 1,328 1,264 1,288 1,318 1,345 5,160 2,663 Amortization Expense 7 7 9 17 10 11 40 21 Total Tangible Expenses 1,273 1,321 1,255 1,271 1,308 1,334 5,120 2,642 Efficiency Ratio-FTE 64.2% 63.9% 61.4% 63.0% 62.8% 60.6% 63.1% 61.7% Tangible Efficiency Ratio-FTE 63.9% 63.6% 61.0% 62.1% 62.3% 60.1% 62.6% 61.2% 

 

25 Reconciliation of Common Equity Tier 1 Ratio1 ($ in billions) 2Q 16 Common Equity Tier 1 – Transitional $16.7 Adjustments2 (0.1) Common Equity Tier 1 – Fully phased-in $16.7 Risk-weighted Assets: Common Equity Tier 1 – Transitional $170.1 Adjustments3 1.6 Risk-weighted Assets: Common Equity Tier 1 – Fully phased-in $171.7 Common Equity Tier 1 – Transitional 9.8% Common Equity Tier 1 – Fully phased-in 9.7% 1. The Common Equity Tier 1 ratio is subject to certain phase-in requirements under Basel III beginning in 2015, and as such we have presented a reconciliation of the Common Equity Tier 1 ratio as calculated considering the phase-in requirements (Common Equity Tier 1 – Transitional) to the fully phased-in ratio. All figures are estimated at the time of the earnings release and subject to revision 2. Primarily includes the phase-out from capital of certain DTAs, the overfunded pension asset, and other intangible assets 3. Primarily relates to the increased risk weight to be applied to mortgage servicing assets on a fully phased-in basis Note: Totals may not foot due to rounding 

 

26 Reconciliation of Non-GAAP Measures ($ in billions, except per-share data) Note: Totals may not foot due to rounding 2Q 15 3Q 15 4Q 15 1Q 16 2Q 16 Total Shareholders' Equity $23.2 $23.7 $23.4 $24.1 $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 (1.4) (1.3) (1.3) (1.2) (1.1) MSRs 1.4 1.3 1.3 1.2 1.1 Tangible Equity $17.1 $17.6 $17.3 $18.0 $18.4 Noncontrolling Interest (0.1) (0.1) (0.1) (0.1) (0.1) Preferred Stock (1.2) (1.2) (1.2) (1.2) (1.2) Tangible Common Equity $15.8 $16.2 $16.0 $16.6 $17.0 Total Assets 188.9 187.0 190.8 194.2 199.1 Goodwill (6.3) (6.3) (6.3) (6.3) (6.3) Other Intangible Assets Including MSRs, Net of Deferred Taxes (1.4) (1.3) (1.3) (1.2) (1.1) MSRs 1.4 1.3 1.3 1.2 1.1 Tangible Assets $182.5 $180.7 $184.5 $187.8 $192.7 Average Equity / Average Assets 12.3% 12.4% 12.4% 12.3% 12.1% Total Equity / Total Assets 12.3% 12.7% 12.3% 12.4% 12.3% Tangible Equity / Tangible Assets 9.4% 9.7% 9.4% 9.6% 9.5% Tangible Common Equity / Tangible Assets 8.6% 9.0% 8.7% 8.9% 8.8% Book Value Per Common Share $42.26 $43.44 $43.45 $44.97 $46.14 Tangible Book Value Per Common Share $30.46 $31.56 $31.45 $32.90 $33.98