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

			
Date of Report (Date of earliest event reported):	 	October 18, 2013	

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

			
 	 	 	
Georgia	001-08918	58-1575035	
(State or other jurisdiction	(Commission File Number)	(I.R.S. Employer	
of incorporation)	 	Identification No.)	
 	 	 	
303 Peachtree Street, N.E., Atlanta, Georgia	 	30308	
(Address of principal executive offices)	 	(Zip Code)	

	
			
Registrant's telephone number, including area code	 	(404) 558-7711	

	
					
 	 	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 October 18, 2013 , SunTrust Banks, Inc. (the “Registrant”) announced financial results for the period ended September 30 , 2013 . A copy of the news release announcing such results is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The Registrant intends to hold an investor call and webcast to discuss these results on October 18, 2013 , at 8:00 a.m. Eastern time. Additional presentation materials relating to such call are furnished hereto as Exhibit 99.2 and are incorporated herein by reference.
The foregoing information is furnished pursuant to Item 2.02, “Results of Operations and Financial Condition,” and Item 7.01, “Regulation FD.” Consequently, it is not deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section. It may only be incorporated by reference into another filing under the Exchange Act or Securities Act of 1933 if such subsequent filing specifically references this Form 8-K. All information in the news release and presentation materials speak as of the date thereof and the Registrant does not assume any obligation to update said information in the future. In addition, the Registrant disclaims any inference regarding the materiality of such information which otherwise may arise as a result of its furnishing such information under Item 2.02 or Item 7.01 of this report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits

			
99.1	 	News release dated October 18, 2013 (furnished with the Commission as a part of this Form 8-K).	
 	 	 	
99.2	 	Presentation materials dated October 18, 2013 (furnished with the Commission as a part of this Form 8-K).	

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

						
 	 	 	SUNTRUST BANKS, INC.	 	
 	 	 	(Registrant)	 	 	

Date:	October 18, 2013	 	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
October 18, 2013

SunTrust Reports Third Quarter 2013 Results
Overall Results Impacted by Previously Announced Resolutions of Key Legacy Mortgage Matters
Solid Core Results Despite Mortgage Revenue Headwinds
ATLANTA -- SunTrust Banks, Inc. (NYSE: STI) today reported net income available to common shareholders of $179 million , or $0.33 per average common diluted share, for the third quarter of 2013 . The current quarter's results were negatively affected by $0.33 per share due to specific items the Company previously announced on October 10, 2013 (summarized below). Excluding these items, earnings per share was $0.66, which compares to earnings per share of $0.68 in the prior quarter. The reported earnings per share for the third quarter of last year was $1.98 , which included a positive $1.40 related to specific balance sheet actions; excluding those items, earnings per share was $0.58. Earnings per share, excluding significant items impacting this quarter and the third quarter of 2012, increased 14% compared to last year.
Summary of October 10, 2013 8-K Items
		
•	The Company resolved certain legacy legal matters, most notably regarding Federal Housing Administration origination practices and the National Mortgage Servicing Settlement, which negatively impacted noninterest expense by $323 million.	
		
•	As a result of the repurchase settlements reached with Freddie Mac and Fannie Mae, an additional $63 million was added to the Company's mortgage repurchase reserve, which negatively affected noninterest income.	
		
•	The Company concluded an expanded review of its servicing advance practices and subsequently increased its allowance for servicing advances, which negatively impacted noninterest expense by $96 million.	
		
•	Certain tax matters resulted in a combined after-tax benefit of $113 million that positively affected the provision for income taxes.	
		
•	In aggregate, the above items negatively impacted net income available to common shareholders in the third quarter by $179 million, after-tax, or $0.33 per share.	

“Notable core operating trends continued this quarter, including steady loan growth, disciplined expense management, and further credit quality improvement, despite the challenging mortgage environment,” said William H. Rogers, Jr., chairman and chief executive officer of SunTrust Banks, Inc.  “Resolving these legacy mortgage matters allows us to focus our efforts on the considerable opportunities that exist in all of our businesses as we concentrate on meeting more clients' needs.”

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Third Quarter 2013 Financial Highlights
Income Statement
		
•	Net income available to common shareholders was $179 million , or $0.33 per average common diluted share, which was negatively affected by $0.33 per share due to the aforementioned significant items. Excluding these items, earnings per share was $0.66, compared to $0.68 in the prior quarter.	
		
•	Net interest income was substantially unchanged relative to the previous quarter as six basis points of net interest margin compression was largely offset by growth in average earning assets of 0.5% and one additional day in the current quarter.	
		
•	Noninterest income decreased compared to the prior quarter due primarily to a significant decline in core mortgage production income, as well as the additional mortgage repurchase provision recognized in conjunction with the agency mortgage repurchase settlements. Investment banking had another strong quarter, and mortgage servicing income also increased relative to the prior quarter.	
		
•	Noninterest expense increased $346 million compared to the prior quarter due to the resolution of the aforementioned significant items. Excluding the impact of these items, noninterest expense declined $73 million sequentially, primarily due to lower employee compensation and benefits expense.	
Balance Sheet
		
•	Average performing loans increased $1.6 billion on a sequential quarter basis with growth across several loan portfolios. Average performing loans were stable compared to the third quarter of last year, as targeted growth in C&I loans offset the impact from the sales of government guaranteed loans in the second half of 2012.	
		
•	Average client deposits were stable compared to the prior quarter and increased $1.3 billion from the third quarter of last year, with the favorable mix shift toward lower-cost deposits continuing.	

Capital
		
•	Estimated capital ratios continued to be well above regulatory requirements. The Tier 1 common equity ratio was an estimated 9.92% .	
		
•	In conjunction with its capital plans announced in the first quarter, the Company repurchased an additional $50 million of its common shares during the third quarter and paid a quarterly common stock dividend of $0.10 per share.	

Asset Quality
		
•	The risk profile of the balance sheet continued to improve. Nonperforming loans decreased 9 % during the quarter and were 0.83% of total loans at September 30, 2013 , compared to 0.94% last quarter and 1.42% for the third quarter of 2012 .	
		
•	Annualized net charge-offs decreased to 0.47% of average loans compared to 0.59% and 1.64% in the prior quarter and the third quarter of last year, respectively.	
		
•	Current quarter nonperforming loans and net charge-offs were at their lowest levels in six years.	
		
•	In light of improved credit quality, the provision for credit losses declined 35% compared to the prior quarter and 79% compared to the third quarter of last year.	

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Income Statement (presented on a fully taxable-equivalent basis)	3Q 2012	 	2Q 2013	 	3Q 2013	
(Dollars in millions, except per share data)	 	 	 	 	 	
Net income available to common shareholders	$1,066	 	$365	 	$179	
Earnings per average common diluted share	1.98		 	0.68		 	0.33		
Total revenue	3,843		 	2,100		 	1,920		
Total revenue, excluding net securities gains/losses	1,902		 	2,100		 	1,920		
Net interest income	1,301		 	1,242		 	1,240		
Provision for credit losses	450		 	146		 	95		
Noninterest income	2,542		 	858		 	680		
Noninterest expense	1,726		 	1,397		 	1,743		
Net interest margin	3.38	%	 	3.25	%	 	3.19	%	
 	 	 	 	 	 	
Balance Sheet	 	 	 	 	 	
(Dollars in billions)	 	 	 	 	 	
Average loans		$124.1		 		$121.4		 		$122.7		
Average consumer and commercial deposits	125.4		 	126.6		 	126.6		
 	 	 	 	 	 	
Capital	 	 	 	 	 	
Tier 1 capital ratio (1)	10.57	%	 	11.24	%	 	10.95	%	
Tier 1 common equity ratio (1)	9.82	%	 	10.19	%	 	9.92	%	
Total average shareholders’ equity to total average assets	11.76	%	 	12.33	%	 	12.24	%	
 	 	 	 	 	 	
Asset Quality	 	 	 	 	 	
Net charge-offs to average loans (annualized)	1.64	%	 	0.59	%	 	0.47	%	
Allowance for loan losses to period end loans	1.84	%	 	1.75	%	 	1.67	%	
Nonperforming loans to total loans	1.42	%	 	0.94	%	 	0.83	%	
 (1) Current period Tier 1 capital and Tier 1 common equity ratios are estimated as of the date of this news release.

Consolidated Financial Performance Details
(Presented on a fully taxable-equivalent basis unless otherwise noted)
Revenue
Total revenue was $1.9 billion for the current quarter, a decrease of $180 million , or 9% , compared to the prior quarter. The decline was primarily driven by lower mortgage production income (including the incremental provision arising from the agency mortgage repurchase settlements) and the impairment of certain lease financing assets. Total revenue, excluding net securities gains, was substantially unchanged compared to the third quarter of last year as lower net interest income and mortgage related revenues, excluding the repurchase provision, were offset by a lower mortgage repurchase provision and the impact of transferring certain loans to held for sale in the third quarter of last year. In addition, compared to last year, the Company experienced solid growth in wealth management and investment banking income revenue.

Total revenue was $6.1 billion for the nine months ended September 30, 2013.  Total revenue was $8.3 billion for the nine months ended September 30, 2012, and included $2.0 billion of net securities gains.  Excluding net securities gains, the decline was driven by lower net interest income and mortgage-related revenues, excluding the repurchase provision, partially offset by a lower mortgage repurchase provision and higher investment banking and wealth management revenues.
Net Interest Income
Net interest income was $1.2 billion for the current quarter, substantially unchanged from the prior quarter as a lower net interest margin was largely offset by higher average earning asset balances. Net interest income decreased

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$61 million compared to the third quarter of last year. The decline was driven by lower earning asset yields, the impact of loan sales in the second half of 2012, and a decrease in commercial loan-related swap income. Partially offsetting these impacts was lower interest expense driven by decreases in deposit rates, a reduction in long-term debt, and a favorable shift in the deposit mix.
The net interest margin for the third quarter was 3.19% , a decrease of six basis points from the prior quarter as earning asset yields declined seven basis points as a result of the continued low interest rate environment. The decrease in earning asset yields was partially offset by a two basis point reduction in interest-bearing liability costs due to a modest decrease in deposit rates. The 19 basis point decline in the net interest margin from the third quarter of last year was primarily due to a 30 basis point decrease in earning asset yields, driven by the continued low interest rate environment, partially offset by a 14 basis point reduction in rates paid on interest-bearing liabilities, primarily on time deposits and long-term debt.

For the nine months ended September 30, 2013 , net interest income was $3.7 billion , a decrease of $216 million , or 5% , compared to the first nine months of 2012. For the same time periods, the net interest margin was 3.25% in 2013 compared to 3.42% in 2012 . The primary drivers of the decreases in net interest income and net interest margin are consistent with those described in the quarterly comparisons above; further contributing to the decline was the foregone dividend income in 2013 related to the third quarter of 2012 early termination of agreements regarding the shares formerly owned in The Coca-Cola Company.
Noninterest Income
Total noninterest income was $680 million for the current quarter compared to $858 million for the prior quarter and $2.5 billion for the third quarter of last year. Excluding securities gains, total noninterest income was $680 million for the current quarter compared to $858 million for the prior quarter and $601 million for the third quarter of last year. Compared to the prior quarter, the $178 million decrease was primarily due to lower mortgage-related income, including the impact of both a higher provision for mortgage repurchases related to agency settlements reached during the current quarter and a decline in core mortgage production income, as well as the impact of impairment of certain lease financing assets in the current quarter. Compared to the third quarter of last year, the $79 million increase was due to a reduction in the mortgage repurchase provision, lower valuation losses on held for sale student and mortgage loans and the Company's fair value debt, and broad based increases in fee income, particularly wealth management and investment banking. These increases were partially offset by reductions in core mortgage production income and mortgage servicing income.
Mortgage production income for the current quarter was a loss of $10 million compared to income of $133 million for the prior quarter and a loss of $64 million for the third quarter of last year. The $143 million sequential quarter decrease was driven by (i) declines in production volume and gain on sale margins due to the increase in mortgage rates and (ii) an increase in the mortgage repurchase provision related to the previously announced agency repurchase settlements. Compared to the third quarter of last year, mortgage production income increased $54 million due to the decline in the mortgage repurchase provision, which was partially offset by reduced production volume and gain on sale margins. At September 30, 2013 , the reserve for mortgage repurchases totaled $281 million, which was net of the cash payment to Freddie Mac regarding the previously announced settlement agreement; the reserve is expected to significantly decline in the fourth quarter of 2013 once the cash payment associated with the Fannie Mae settlement is made.
Mortgage servicing income was $11 million for the current quarter compared to $1 million for the prior quarter and $64 million for the third quarter of last year. The $10 million sequential quarter increase was largely due to a slower pace of loan prepayments impacting the mortgage servicing asset value. The $53 million decline compared to the third quarter of last year was due primarily to lower net hedge performance. At September 30, 2013 , the servicing portfolio was $140 billion compared to $150 billion at September 30 , 2012 .
Investment banking income was $99 million for the current quarter compared to $93 million in the prior quarter and $83 million in the third quarter of last year. The increases were driven by growth in M&A advisory and equity transaction fee revenue.

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Trading income was $33 million for the current quarter compared to $49 million for the prior quarter and $19 million for the third quarter of last year. The $16 million sequential quarter decrease was due to a $6 million mark-to-market valuation loss on the Company's fair value debt in the current quarter compared to a valuation gain of $8 million in the prior quarter. The $14 million increase in trading income compared to the third quarter of last year was largely driven by a $41 million decline in mark-to-market valuation losses on the Company's fair value debt, partially offset by a decline in core trading income, which was impacted by reduced client fixed income trading activity.
Other noninterest income was $10 million for the current quarter compared to $44 million for the prior quarter and a loss of $31 million for the third quarter of last year. The $34 million sequential quarter decrease was driven by a $37 million impairment of lease financing assets as a result of updated market indications of the residual values of certain assets. The $41 million increase from the third quarter of last year was due to a $92 million loss in the third quarter of last year related to guaranteed student and mortgage loans transferred to held for sale, partially offset by the current quarter lease financing impairment.

For the nine months ended September 30, 2013, noninterest income was $2.4 billion. For the nine months ended September 30, 2012, noninterest income was $4.4 billion and included $2.0 billion of net securities gains.  Excluding net securities gains, noninterest income was relatively unchanged over these two nine-month periods. Declines in core mortgage production income and mortgage servicing income were offset by a reduction in the mortgage repurchase provision and higher investment banking and wealth management revenue.
Noninterest Expense
Noninterest expense was $1.7 billion for the current quarter compared to $1.4 billion for the prior quarter and $1.7 billion for the third quarter of last year. The sequential quarter increase of $346 million was entirely due to the current quarter impacts from the legal settlements and the increase in the mortgage servicing advances allowance announced on October 10, 2013, and partially offset by lower employee compensation expense. The $17 million , or 1% , increase from the third quarter of last year was also a result of the previously announced actions impacting the current quarter, largely offset by declines in almost all other noninterest expense categories due to improved efficiency, as well as valuation losses recognized in the third quarter of last year related to the planned sale of affordable housing investments.
Employee compensation and benefits expense was $682 million in the current quarter compared to $737 million for the prior quarter and $780 million for the third quarter of last year. Of the sequential quarter decrease of $55 million , $37 million pertained to a reversal of previously accrued incentive compensation, in light of this quarter's lower corporate profitability. The $98 million decrease from the third quarter of last year was due primarily to the same factors as the sequential quarter decline, as well as a 6% reduction in full-time equivalent employees in the current quarter compared to the third quarter of last year.
Operating losses were $350 million in the current quarter compared to $72 million in the prior quarter and $71 million in the third quarter of last year. The increases compared to the prior quarter and third quarter of last year were due to the previously announced legal matters that were resolved this quarter.
Compared to the prior quarter, FDIC insurance and regulatory expense increased $4 million due to incremental regulatory supervisory fees. The $22 million decline compared to the third quarter of last year was due to a decrease in the Company's FDIC insurance assessment rate, reflecting the Company's reduced risk profile. Outside processing and software expenses were stable compared to the prior quarter and increased $19 million compared to the third quarter of last year, primarily due to technology and training investments. Marketing and customer development was stable sequentially, but decreased $41 million from the third quarter of last year as a result of the Company's charitable contribution of previously owned shares in The Coca-Cola Company during the third quarter of last year.
Other noninterest expense was $305 million in the current quarter compared to $191 million in the prior quarter and $402 million for the third quarter of last year. The $114 million increase from the prior quarter was primarily driven by higher collections expenses related to the previously announced servicing advances reserve increase. The $97 million decrease from the third quarter of last year was primarily due to specific third quarter of 2012 actions,

5

including a $96 million valuation loss related to affordable housing investments, $29 million in severance expense, and $17 million in real estate charges as the Company reassessed some of its corporate real estate leases and holdings. Also driving the decline from the third quarter of last year were decreases in other real estate and consulting expenses, partially offset by higher collection expense related to the servicing advances reserve increase.
For the nine months ended September 30, 2013 , noninterest expense was $4.5 billion compared to $4.8 billion in 2012 . The $310 million , or 6% , decrease was due to the continued declines across most expense categories due to improved efficiency, partially offset by the expenses related to the previously announced actions this quarter.
Income Taxes
For the current quarter, the Company recorded an income tax benefit of $146 million compared to income tax expenses of $146 million for the prior quarter and $551 million for the third quarter of last year. The tax benefit in the current quarter was due to the impacts of the October 10, 2013 8-K items, including the completion of a taxable reorganization of certain subsidiaries. The high level of income tax expense in the third quarter of 2012 was primarily driven by the taxable gain the Company recognized upon the early termination of the agreements regarding the shares it previously owned in The Coca-Cola Company.   
Balance Sheet
At September 30, 2013 , the Company had total assets of $172 billion and shareholders’ equity of $21 billion , representing 12% of total assets. Book value and tangible book value per common share increased slightly compared to June 30, 2013 , and were $37.85 and $26.27 , respectively.
Loans
Average performing loans were $121.6 billion for the current quarter, an increase of $1.6 billion , or 1% , from the prior quarter driven by growth in most loan categories, most notably a $788 million , or 4% , increase in nonguaranteed residential mortgage loans and a $353 million , or 8% , increase in commercial real estate loans. Partially offsetting the average quarterly increase was a decline in government guaranteed residential mortgage loans of $242 million , or 6% . Average performing loans decreased $124 million compared to the third quarter of last year. The decline was due to government guaranteed student and mortgage loans, which decreased $1.7 billion and $1.9 billion , respectively, due to sales during 2012. Partially offsetting these declines were increases in C&I loans of $2.7 billion , or 5% , and consumer loans (excluding guaranteed student loans) of $861 million , or 6% .
Deposits
Average client deposits for the current and prior quarter were $126.6 billion compared to $125.4 billion for the third quarter of last year. Average deposits increased $39 million during the quarter due to a $1.2 billion , or 3% , increase in money market balances, which was almost entirely offset by declines in other deposit product balances. The $1.3 billion , or 1% , increase compared to the third quarter of last year was driven by lower-cost deposit growth of $3.5 billion , or 3% , partially offset by a decrease of $2.2 billion , or 14% , in time deposits.
Capital and Liquidity
The Company’s estimated capital ratios are well above current regulatory requirements with Tier 1 capital and Tier 1 common ratios at an estimated 10.95% and 9.92% , respectively, at September 30, 2013 . The capital ratios increased moderately from the third quarter of last year and decreased from the prior quarter. The sequential quarter decrease was a result of the Company's refinement to the risk weighting of certain unused lending commitments. The treatment of these particular unused lending commitments is not applicable under the Basel III capital calculation rules and, as a result, had no impact on the Company's current quarter estimated Basel III Tier 1 common ratio. The ratios of total average equity to total average assets and tangible equity to tangible assets were 12.24% and 8.98% , respectively, at September 30 , 2013 , both stable to the prior quarter and higher than the third quarter of last year. The Company

6

continues to have substantial available liquidity provided in the form of its client deposit base, other available funding resources, its portfolio of high-quality government-backed securities, and cash.
During the current quarter, the Company declared a common stock dividend of $0.10 per common share, consistent with the prior quarter and up $0.05 per share from the third quarter of last year. Additionally, during the current quarter, the Company repurchased $50 million of common stock, bringing the total purchased in 2013 to $100 million with plans to repurchase up to an additional $100 million of common stock by the end of the first quarter of 2014, pursuant to the Company's 2013 capital plan.
Asset Quality
Asset quality continued to steadily improve, including further decreases in nonperforming loans and nonperforming assets, both of which reached their lowest levels since the third quarter of 2007. Nonperforming loans totaled $1.0 billion at September 30 , 2013 , down $104 million , or 9% , relative to the prior quarter, led by declines in residential mortgages and home equity loans. Compared to a year ago, nonperforming loans decreased $694 million , or 40% , with reductions across all loan categories, most significantly in residential mortgages, home equity loans, commercial real estate, and C&I loans. The decline from a year ago was partially related to the sale of $160 million of nonperforming mortgage and commercial real estate loans in the fourth quarter of 2012. At September 30 , 2013 , the percentage of nonperforming loans to total loans was 0.83% , down f rom 0.94% and 1.42% at the end of the prior quarter and third quarter of last year, respectively. Other real estate owned totaled $196 million at the end of the current quarter , stable with the prior quarter and down 36% from a year ago.     
Net charge-offs were $146 million during the current quarter compared to $179 million for the prior quarter and $511 million for the third quarter of last year. The decreases in net charge-offs from the prior quarter and third quarter of last year were primarily driven by lower residential loan charge-offs. The decline from the third quarter of last year was further affected by charge-offs related to sales of nonperforming residential mortgage and commercial real estate loans in the third quarter of last year, as well as a revision to the Company's credit policy in the third quarter of last year related to the timing of recognizing charge-offs on junior lien loans.
The ratios of annualized net charge-offs to total average loans were 0.47% for the current quarter, 0.59% for the prior quarter, and 1.64% for the third quarter of last year. The net charge-off ratio in the current quarter was at the lowest level since the third quarter of 2007. The prior year was affected by the aforementioned nonperforming loan sales and credit policy change that added 76 basis points to the net charge-off ratio. The provision for credit losses was $95 million , which decreased $51 million and $355 million from the prior quarter and the third quarter of last year, respectively.
At September 30 , 2013 , the allowance for loan losses was $2.1 billion and represented 1.67% of total loans, down eight basis points from June 30 , 2013 . Excluding government guaranteed loans, the allowance for loan losses was 1.80% of total loans, down nine basis points from June 30 , 2013 . The $54 million decrease in the allowance for loan losses during the current quarter was reflective of the continued improvement in asset quality.
Early stage delinquencies decreased six basis points from the prior quarter to 0.65% at September 30 , 2013 . The decrease was primarily due to residential loans. Excluding government-guaranteed loans, early stage delinquencies were 0.35%, a decrease of five basis point from June 30 , 2013 .
Accruing restructured loans totaled $2.7 billion , and nonaccruing restructured loans totaled $0.4 billion at September 30 , 2013 . $2.9 billion of restructured loans related to residential loans, $0.2 billion were commercial loans, and $0.1 billion related to consumer loans.

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BUSINESS SEGMENT FINANCIAL PERFORMANCE
Business Segment Results
The Company has included business segment financial tables as part of this release on the Investor Relations portion of its website at www.suntrust.com/investorrelations. The Company’s business segments include: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking. 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 is represented by net charge-offs. 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 generally accepted accounting principles ("GAAP"), certain matched-maturity funds transfer pricing credits and charges, differences in provision for credit losses compared to net charge-offs, as well as equity and its related impact. 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 on the Investor Relations portion of the Company’s website at www.suntrust.com/investorrelations. This information is also included in a current report on Form 8-K furnished with the SEC today.
Conference Call
SunTrust management will host a conference call on October 18, 2013 , 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: 3Q13). Individuals calling from outside the United States should dial 1-517-308-9091 (Passcode: 3Q13). A replay of the call will be available approximately one hour after the call ends on October 18, 2013, and will remain available until November 18, 2013, by dialing 1-866-481-6893 (domestic) or 1-203-369-1572 (international). Alternatively, individuals may listen to the live webcast of the presentation by visiting the SunTrust investor relations website at www.suntrust.com/investorrelations. Beginning the afternoon of October 18, 2013 , listeners may access an archived version of the webcast in the “Recent Earnings and Conference Presentations” subsection found on the investor relations webpage. This webcast will be archived and available for one year. A link to the Investor Relations page is also found in the footer of the SunTrust home page.
SunTrust Banks, Inc., headquartered in Atlanta, is one of the nation’s largest banking organizations, serving a broad range of consumer, commercial, corporate and institutional clients. The Company operates an extensive branch and ATM network throughout the Southeast and Mid-Atlantic States and a full array of technology-based, 24-hour delivery channels. The Company also serves clients in selected markets nationally. Its primary businesses include deposit, credit, and trust and investment management services. Through various subsidiaries, the Company provides mortgage banking, insurance, brokerage, equipment leasing, and capital markets services. SunTrust’s Internet address is www.suntrust.com.
Important Cautionary Statement About Forward-Looking Statements

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. In this news release, the Company presents net interest income and net interest margin on a fully taxable-equivalent (“FTE”) basis, and ratios on an annualized basis. The FTE basis adjusts for the tax-favored status of income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and provides relevant comparison between taxable and non-taxable amounts.

8

This news release contains forward-looking statements. Statements regarding estimates of the after-tax financial impact of various legal and regulatory matters, potential future share repurchases, and future expected dividends are forward-looking statements. Also, any statement that does not describe historical or current facts is a forward-looking statement. These statements often include the words “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “goals,” “targets,” “initiatives,” “potentially,” “probably,” “projects,” “outlook” or similar expressions or future conditional verbs such as “may,” “will,” “should,” “would,” and “could.” Forward-looking statements are based upon the current beliefs and expectations of management and on information currently available to management. Our statements speak as of the date hereof, and we do not assume any obligation to update these statements or to update the reasons why actual results could differ from those contained in such statements in light of new information or future events.

Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward looking statements. The estimated financial impact of these legal and regulatory matters depends upon (1) the successful negotiation, execution, and delivery of definitive agreements in several matters, (2) the ultimate resolution of certain legal matters which are not yet complete, (3) management’s assumptions about the extent to which such amounts may be deducted for tax purposes, (4) the agreement of other necessary parties, and (5) our assumptions about the extent to which we can provide consumer relief to satisfy our financial obligations as contemplated by the agreements in principle with regulators. 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, 2012 and in other periodic reports that we file with the SEC.

9

SunTrust Banks, Inc. and Subsidiaries
FINANCIAL HIGHLIGHTS
(Dollars in millions, except per share data) (Unaudited)  

																						
 	Three Months Ended September 30	 	%	 	Nine Months Ended September 30	 	%	
 	2013	 	2012	 	Change 4	 	2013	 	2012	 	Change 4	
EARNINGS & DIVIDENDS	 	 	 	 	 	 	 	 	 	 	 	
Net income		$189		 		$1,077		 	(82	)%	 		$918		 		$1,602		 	(43	)%	
Net income available to common shareholders	179		 	1,066		 	(83	)	 	884		 	1,581		 	(44	)	
Net income available to common shareholders excluding 8-K items announced during the quarter 1	358		 	314		 	14		 	1,063		 	829		 	28		
Total revenue - FTE  1, 2	1,920		 	3,843		 	(50	)	 	6,134		 	8,307		 	(26	)	
Total revenue - FTE excluding securities gains, net  1, 2	1,920		 	1,902		 	1		 	6,132		 	6,334		 	(3	)	
Net income per average common share	 	 	 	 	 	 	 	 	 	 	 	
Diluted	0.33		 	1.98		 	(83	)	 	1.64		 	2.94		 	(44	)	
Diluted, excluding 8-K items announced during the quarter 1	0.66		 	0.58		 	14		 	1.97		 	1.54		 	28		
Basic	0.33		 	1.99		 	(83	)	 	1.65		 	2.96		 	(44	)	
Dividends paid per common share	0.10		 	0.05		 	100		 	0.25		 	0.15		 	67		
CONDENSED BALANCE SHEETS	 	 	 	 	 	 	 	 	 	 	 	
Selected Average Balances	 	 	 	 	 	 	 	 	 	 	 	
Total assets		$171,838		 		$175,282		 	(2	)%	 		$172,061		 		$176,679		 	(3	)%	
Earning assets	154,250		 	153,207		 	1		 	153,412		 	154,236		 	(1	)	
Loans	122,672		 	124,080		 	(1	)	 	121,649		 	123,332		 	(1	)	
Intangible assets including MSRs	7,643		 	7,274		 	5		 	7,493		 	7,337		 	2		
MSRs	1,232		 	829		 	49		 	1,077		 	901		 	20		
Consumer and commercial deposits	126,618		 	125,353		 	1		 	126,947		 	125,692		 	1		
Brokered time and foreign deposits	2,007		 	2,237		 	(10	)	 	2,083		 	2,252		 	(8	)	
Total shareholders’ equity	21,027		 	20,619		 	2		 	21,138		 	20,450		 	3		
Preferred stock	725		 	275		 	NM		 	725		 	275		 	NM		
As of	 	 	 	 	 	 	 	 	 	 	 	
Total assets	171,777		 	173,181		 	(1	)	 	 	 	 	 	 	
Earning assets	154,849		 	152,472		 	2		 	 	 	 	 	 	
Loans	124,340		 	121,817		 	2		 	 	 	 	 	 	
Allowance for loan and lease losses	2,071		 	2,239		 	(8	)	 	 	 	 	 	 	
Consumer and commercial deposits	126,861		 	124,898		 	2		 	 	 	 	 	 	
Brokered time and foreign deposits	2,022		 	2,328		 	(13	)	 	 	 	 	 	 	
Total shareholders’ equity	21,070		 	20,399		 	3		 	 	 	 	 	 	
FINANCIAL RATIOS & OTHER DATA	 	 	 	 	 	 	 	 	 	 	 	
Return on average total assets	0.44	%	 	2.45	%	 	(82	)%	 	0.71	%	 	1.21	%	 	(41	)%	
Return on average common shareholders’ equity	3.49		 	20.84		 	(83	)	 	5.79		 	10.47		 	(45	)	
Return on average tangible common shareholders' equity 1	5.10		 	30.51		 	(83	)	 	8.44		 	15.37		 	(45	)	
Net interest margin  2	3.19		 	3.38		 	(6	)	 	3.25		 	3.42		 	(5	)	
Efficiency ratio  2	90.77		 	44.90		 	NM		 	73.41		 	57.94		 	27		
Tangible efficiency ratio  1, 2	90.46		 	44.47		 	NM		 	73.12		 	57.48		 	27		
Effective tax rate 4	NM		 	33.82		 	NM		 	14.12		 	30.71		 	(54	)	
Tier 1 common equity 3	9.92		 	9.82		 	1		 	 	 	 	 	 	
Tier 1 capital 3	10.95		 	10.57		 	4		 	 	 	 	 	 	
Total capital 3	13.00		 	12.95		 	—		 	 	 	 	 	 	
Tier 1 leverage 3	9.47		 	8.49		 	12		 	 	 	 	 	 	
Total average shareholders’ equity to total average assets	12.24		 	11.76		 	4		 	12.29		 	11.57		 	6		
Tangible equity to tangible assets  1	8.98		 	8.48		 	6		 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	
Book value per common share		$37.85		 		$37.35		 	1		 	 	 	 	 	 	
Tangible book value per common share  1	26.27		 	25.72		 	2		 	 	 	 	 	 	
Market price:	 	 	 	 	 	 	 	 	 	 	 	
High	36.29		 	30.79		 	18		 	36.29		 	30.79		 	18		
Low	31.59		 	22.34		 	41		 	26.93		 	18.07		 	49		
Close	32.42		 	28.27		 	15		 	 	 	 	 	 	
Market capitalization	17,427		 	15,232		 	14		 	 	 	 	 	 	
Average common shares outstanding (000s)	 	 		 	 	 	 	 	 	 	 	
Diluted	538,850		 	538,699		 	—		 	539,488		 	537,538		 	—		
Basic	533,829		 	534,506		 	—		 	534,887		 	533,859		 	—		
Full-time equivalent employees	26,409		 	28,000		 	(6	)	 	 	 	 	 	 	
Number of ATMs	2,846		 	2,914		 	(2	)	 	 	 	 	 	 	
Full service banking offices	1,508		 	1,633		 	(8	)	 	 	 	 	 	 	

1  	See Appendix A for reconcilements of non-GAAP performance measures.	
		
2  	Total revenue, net interest margin, and efficiency ratios 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 a FTE basis plus noninterest income.	
		
3  	Current period tier 1 common equity, tier 1 capital, total capital, and tier 1 leverage ratios are estimated as of the earnings release date.	
4 "NM" - Not meaningful. Calculated percentage was not considered to be meaningful.

10

SunTrust Banks, Inc. and Subsidiaries
FIVE QUARTER FINANCIAL HIGHLIGHTS
(Dollars in millions, except per share data) (Unaudited)

																				
 	Three Months Ended	
 	September 30	 	June 30	 	March 31	 	December 31	 	September 30	
 	2013	 	2013	 	2013	 	2012	 	2012	
EARNINGS & DIVIDENDS	 	 	 	 	 	 	 	 	 	
Net income		$189		 		$377		 		$352		 		$356		 		$1,077		
Net income available to common shareholders	179		 	365		 	340		 	350		 	1,066		
Net income available to common shareholders excluding 8-K items
announced during the quarter 1	358		 	365		 	340		 	350		 	314		
Total revenue - FTE 1, 2	1,920		 	2,100		 	2,114		 	2,291		 	3,843		
Total revenue - FTE excluding securities gains, net 1, 2	1,920		 	2,100		 	2,112		 	2,290		 	1,902		
Net income per average common share	 	 	 	 	 	 	 	 	 	
Diluted	0.33		 	0.68		 	0.63		 	0.65		 	1.98		
Diluted, excluding 8-K items announced during the quarter 1	0.66		 	0.68		 	0.63		 	0.65		 	0.58		
Basic	0.33		 	0.68		 	0.64		 	0.66		 	1.99		
Dividends paid per common share	0.10		 	0.10		 	0.05		 	0.05		 	0.05		
CONDENSED BALANCE SHEETS	 	 	 	 	 	 	 	 	 	
Selected Average Balances	 	 	 	 	 	 	 	 	 	
Total assets		$171,838		 		$172,537		 		$171,808		 		$174,510		 		$175,282		
Earning assets	154,250		 	153,495		 	152,471		 	151,225		 	153,207		
Loans	122,672		 	121,372		 	120,882		 	121,587		 	124,080		
Intangible assets including MSRs	7,643		 	7,455		 	7,379		 	7,278		 	7,274		
MSRs	1,232		 	1,039		 	957		 	848		 	829		
Consumer and commercial deposits	126,618		 	126,579		 	127,655		 	127,907		 	125,353		
Brokered time and foreign deposits	2,007		 	2,075		 	2,170		 	2,266		 	2,237		
Total shareholders’ equity	21,027		 	21,272		 	21,117		 	20,630		 	20,619		
Preferred stock	725		 	725		 	725		 	334		 	275		
As of	 	 	 	 	 	 	 	 	 	
Total assets	171,777		 	171,546		 	172,435		 	173,442		 	173,181		
Earning assets	154,849		 	154,430		 	152,783		 	151,223		 	152,472		
Loans	124,340		 	122,031		 	120,804		 	121,470		 	121,817		
Allowance for loan and lease losses	2,071		 	2,125		 	2,152		 	2,174		 	2,239		
Consumer and commercial deposits	126,861		 	125,588		 	127,735		 	130,180		 	124,898		
Brokered time and foreign deposits	2,022		 	2,031		 	2,180		 	2,136		 	2,328		
Total shareholders’ equity	21,070		 	21,007		 	21,194		 	20,985		 	20,399		
FINANCIAL RATIOS & OTHER DATA	 	 	 	 	 	 	 	 	 	
Return on average total assets	0.44	%	 	0.88	%	 	0.83	%	 	0.81	%	 	2.45	%	
Return on average common shareholders’ equity	3.49		 	7.12		 	6.77		 	6.86		 	20.84		
Return on average tangible common shareholders' equity 1	5.10		 	10.35		 	9.88		 	10.04		 	30.51		
Net interest margin  2	3.19		 	3.25		 	3.33		 	3.36		 	3.38		
Efficiency ratio 2	90.77		 	66.56		 	64.46		 	65.93		 	44.90		
Tangible efficiency ratio 1, 2	90.46		 	66.27		 	64.17		 	65.63		 	44.47		
Effective tax rate 4	NM		 	27.89		 	30.04		 	14.86		 	33.82		
Tier 1 common equity 3	9.92		 	10.19		 	10.13		 	10.04		 	9.82		
Tier 1 capital 3	10.95		 	11.24		 	11.20		 	11.13		 	10.57		
Total capital 3	13.00		 	13.43		 	13.45		 	13.48		 	12.95		
Tier 1 leverage 3	9.47		 	9.40		 	9.26		 	8.91		 	8.49		
Total average shareholders’ equity to total average assets	12.24		 	12.33		 	12.29		 	11.82		 	11.76		
Tangible equity to tangible assets  1	8.98		 	8.95		 	9.00		 	8.82		 	8.48		
 	 	 	 	 	 	 	 	 	 	
Book value per common share		$37.85		 		$37.65		 		$37.89		 		$37.59		 		$37.35		
Tangible book value per common share  1	26.27		 	26.08		 	26.33		 	25.98		 	25.72		
Market price:	 	 	 	 	 	 	 	 	 	
High	36.29		 	32.84		 	29.98		 	30.64		 	30.79		
Low	31.59		 	26.97		 	26.93		 	25.30		 	22.34		
Close	32.42		 	31.57		 	28.81		 	28.35		 	28.27		
Market capitalization	17,427		 	17,005		 	15,563		 	15,279		 	15,232		
Average common shares outstanding (000s)		 		 		 		 		
Diluted	538,850		 	539,763		 	539,862		 	539,618		 	538,699		
Basic	533,829		 	535,172		 	535,680		 	535,012		 	534,506		
Full-time equivalent employees	26,409		 	26,199		 	26,238		 	26,778		 	28,000		
Number of ATMs	2,846		 	2,874		 	2,882		 	2,923		 	2,914		
Full service banking offices	1,508		 	1,539		 	1,574		 	1,616		 	1,633		

1  	See Appendix A for reconcilements of non-GAAP performance measures.	
		
2  	Total revenue, net interest margin, and efficiency ratios 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 a FTE basis plus noninterest income.	
		
3  	Current period tier 1 common equity, tier 1 capital, total capital, and tier 1 leverage ratios are estimated as of the earnings release date.	
4 "NM" - Not meaningful. Calculated percentage was not considered to be meaningful.

11

SunTrust Banks, Inc. and Subsidiaries
CONSOLIDATED STATEMENTS OF INCOME
(Dollars in millions, except per share data) (Unaudited)

																														
 	Three Months Ended	 	Increase/(Decrease)	 	Nine Months Ended	 	Increase/(Decrease)	
 	September 30	 			September 30	 		
 	2013	 	2012	 	Amount	 	  % 3	 	2013	 	2012	 	Amount	 	  % 3	
Interest income		$1,339		 		$1,445		 		($106	)	 	(7	)%	 		$4,045		 		$4,471		 		($426	)	 	(10	)%	
Interest expense	131		 	174		 	(43	)	 	(25	)	 	405		 	615		 	(210	)	 	(34	)	
NET INTEREST INCOME	1,208		 	1,271		 	(63	)	 	(5	)	 	3,640		 	3,856		 	(216	)	 	(6	)	
Provision for credit losses	95		 	450		 	(355	)	 	(79	)	 	453		 	1,067		 	(614	)	 	(58	)	
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	1,113		 	821		 	292		 	36		 	3,187		 	2,789		 	398		 	14		
NONINTEREST INCOME	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Service charges on deposit accounts	168		 	172		 	(4	)	 	(2	)	 	492		 	504		 	(12	)	 	(2	)	
Trust and investment management income	133		 	127		 	6		 	5		 	387		 	387		 	—		 	—		
Retail investment services	68		 	60		 	8		 	13		 	198		 	180		 	18		 	10		
Other charges and fees	91		 	97		 	(6	)	 	(6	)	 	277		 	305		 	(28	)	 	(9	)	
Investment banking income	99		 	83		 	16		 	19		 	260		 	230		 	30		 	13		
Trading income	33		 	19		 	14		 	74		 	124		 	145		 	(21	)	 	(14	)	
Card fees 1	77		 	74		 	3		 	4		 	231		 	239		 	(8	)	 	(3	)	
Mortgage production related (loss)/income	(10	)	 	(64	)	 	54		 	84		 	282		 	102		 	180		 	NM		
Mortgage servicing related income	11		 	64		 	(53	)	 	(83	)	 	50		 	215		 	(165	)	 	(77	)	
Other noninterest income/(loss)	10		 	(31	)	 	41		 	NM		 	98		 	78		 	20		 	26		
Net securities gains	—		 	1,941		 	(1,941	)	 	(100	)	 	2		 	1,973		 	(1,971	)	 	(100	)	
     Total noninterest income	680		 	2,542		 	(1,862	)	 	(73	)	 	2,401		 	4,358		 	(1,957	)	 	(45	)	
NONINTEREST EXPENSE	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Employee compensation and benefits	682		 	780		 	(98	)	 	(13	)	 	2,178		 	2,340		 	(162	)	 	(7	)	
Net occupancy expense	86		 	92		 	(6	)	 	(7	)	 	261		 	267		 	(6	)	 	(2	)	
Outside processing and software	190		 	171		 	19		 	11		 	555		 	527		 	28		 	5		
Equipment expense	45		 	49		 	(4	)	 	(8	)	 	136		 	140		 	(4	)	 	(3	)	
Marketing and customer development	34		 	75		 	(41	)	 	(55	)	 	95		 	134		 	(39	)	 	(29	)	
Amortization/impairment of intangible assets/goodwill	6		 	17		 	(11	)	 	(65	)	 	18		 	39		 	(21	)	 	(54	)	
Net loss on extinguishment of debt	—		 	2		 	(2	)	 	(100	)	 	—		 	15		 	(15	)	 	(100	)	
Operating losses	350		 	71		 	279		 	NM		 	461		 	200		 	261		 	NM		
FDIC premium/regulatory exams	45		 	67		 	(22	)	 	(33	)	 	140		 	179		 	(39	)	 	(22	)	
Other noninterest expense	305		 	402		 	(97	)	 	(24	)	 	659		 	972		 	(313	)	 	(32	)	
     Total noninterest expense	1,743		 	1,726		 	17		 	1		 	4,503		 	4,813		 	(310	)	 	(6	)	
INCOME BEFORE (BENEFIT)/PROVISION FOR INCOME TAXES	50		 	1,637		 	(1,587	)	 	(97	)	 	1,085		 	2,334		 	(1,249	)	 	(54	)	
(Benefit)/provision for income taxes	(146	)	 	551		 	(697	)	 	NM		 	151		 	710		 	(559	)	 	(79	)	
INCOME INCLUDING INCOME ATTRIBUTABLE
TO NONCONTROLLING INTEREST	196		 	1,086		 	(890	)	 	(82	)	 	934		 	1,624		 	(690	)	 	(42	)	
Net income attributable to noncontrolling interest	7		 	9		 	(2	)	 	(22	)	 	16		 	22		 	(6	)	 	(27	)	
     NET INCOME		$189		 		$1,077		 		($888	)	 	(82	)%	 		$918		 		$1,602		 		($684	)	 	(43	)%	
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS		$179		 		$1,066		 		($887	)	 	(83	)%	 		$884		 		$1,581		 		($697	)	 	(44	)%	
Net interest income - FTE  2	1,240		 	1,301		 	(61	)	 	(5	)	 	3,733		 	3,949		 	(216	)	 	(5	)	
Net income per average common share	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
   Diluted	0.33		 	1.98		 	(1.65	)	 	(83	)	 	1.64		 	2.94		 	(1.30	)	 	(44	)	
Basic	0.33		 	1.99		 	(1.66	)	 	(83	)	 	1.65		 	2.96		 	(1.31	)	 	(44	)	
Cash dividends paid per common share	0.10		 	0.05		 	0.05		 	100		 	0.25		 	0.15		 	0.10		 	67		
Average common shares outstanding (000s)	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Diluted	538,850		 	538,699		 	151		 	—		 	539,488		 	537,538		 	1,950		 	—		
Basic	533,829		 	534,506		 	(677	)	 	—		 	534,887		 	533,859		 	1,028		 	—		
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
1 PIN interchange fees are presented in card fees along with other interchange fee income for the three and nine months ended September 30 , 2013. Previously, these PIN interchange fees were presented in other charges and fees and therefore, for comparative purposes, $19 million and $56 million of PIN interchange fees have been reclassified to card fees for the three and nine months ended September 30 , 2012, respectively.
2 Net interest income includes the effects of FTE adjustments using a federal tax rate of 35% and state income taxes where applicable to increase tax-exempt interest income to a taxable-equivalent basis. See Appendix A for a reconcilement of this non-GAAP measure to the related GAAP measure.
3 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

12

SunTrust Banks, Inc. and Subsidiaries
FIVE QUARTER CONSOLIDATED STATEMENTS OF INCOME
(Dollars in millions, except per share data) (Unaudited)

																											
 	Three Months Ended	 	 	 	Three Months Ended    	
 	September 30	 	June 30	 	Increase/(Decrease)	 	March 31	 	December 31	 	September 30	
 	2013	 	2013	 	Amount    	 	  % 3	 	2013	 	2012	 	2012	
Interest income		$1,339		 		$1,347		 		($8	)	 	(1	)%	 		$1,359		 		$1,396		 		$1,445		
Interest expense	131		 	136		 	(5	)	 	(4	)	 	138		 	150		 	174		
NET INTEREST INCOME	1,208		 	1,211		 	(3	)	 	—		 	1,221		 	1,246		 	1,271		
Provision for credit losses	95		 	146		 	(51	)	 	(35	)	 	212		 	328		 	450		
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	1,113		 	1,065		 	48		 	5		 	1,009		 	918		 	821		
NONINTEREST INCOME	 	 	 	 	 	 	 	 	 	 	 	 	 	
Service charges on deposit accounts	168		 	164		 	4		 	2		 	160		 	173		 	172		
Trust and investment management income	133		 	130		 	3		 	2		 	124		 	125		 	127		
Retail investment services	68		 	69		 	(1	)	 	(1	)	 	61		 	60		 	60		
Other charges and fees	91		 	97		 	(6	)	 	(6	)	 	89		 	97		 	97		
Investment banking income	99		 	93		 	6		 	6		 	68		 	112		 	83		
Trading income	33		 	49		 	(16	)	 	(33	)	 	42		 	65		 	19		
Card fees 1	77		 	78		 	(1	)	 	(1	)	 	76		 	78		 	74		
Mortgage production related (loss)/income	(10	)	 	133		 	(143	)	 	NM		 	159		 	241		 	(64	)	
Mortgage servicing related income	11		 	1		 	10		 	NM		 	38		 	45		 	64		
Other noninterest income/(loss)	10		 	44		 	(34	)	 	(77	)	 	44		 	18		 	(31	)	
Net securities gains	—		 	—		 	—		 	—		 	2		 	1		 	1,941		
     Total noninterest income	680		 	858		 	(178	)	 	(21	)	 	863		 	1,015		 	2,542		
NONINTEREST EXPENSE	 	 	 	 	 	 	 	 	 	 	 	 	 	
Employee compensation and benefits	682		 	737		 	(55	)	 	(7	)	 	759		 	738		 	780		
Net occupancy expense	86		 	86		 	—		 	—		 	89		 	91		 	92		
Outside processing and software	190		 	187		 	3		 	2		 	178		 	183		 	171		
Equipment expense	45		 	46		 	(1	)	 	(2	)	 	45		 	48		 	49		
Marketing and customer development	34		 	31		 	3		 	10		 	30		 	50		 	75		
Amortization/impairment of intangible assets/goodwill	6		 	6		 	—		 	—		 	6		 	7		 	17		
Net loss on extinguishment of debt	—		 	—		 	—		 	—		 	—		 	1		 	2		
Operating losses	350		 	72		 	278		 	NM		 	39		 	77		 	71		
FDIC premium/regulatory exams	45		 	41		 	4		 	10		 	54		 	54		 	67		
Other noninterest expense	305		 	191		 	114		 	60		 	163		 	261		 	402		
     Total noninterest expense	1,743		 	1,397		 	346		 	25		 	1,363		 	1,510		 	1,726		
INCOME BEFORE (BENEFIT)/PROVISION FOR INCOME TAXES	50		 	526		 	(476	)	 	(90	)	 	509		 	423		 	1,637		
(Benefit)/provision for income taxes	(146	)	 	146		 	(292	)	 	NM		 	151		 	62		 	551		
INCOME INCLUDING INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	196		 	380		 	(184	)	 	(48	)	 	358		 	361		 	1,086		
Net income attributable to noncontrolling interest	7		 	3		 	4		 	NM		 	6		 	5		 	9		
     NET INCOME		$189		 		$377		 		($188	)	 	(50	)%	 		$352		 		$356		 		$1,077		
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS		$179		 		$365		 		($186	)	 	(51	)%	 		$340		 		$350		 		$1,066		
Net interest income - FTE  2	1,240		 	1,242		 	(2	)	 	—		 	1,251		 	1,276		 	1,301		
Net income per average common share	 	 	 	 	 	 	 	 	 	 	 	 	 	
Diluted	0.33		 	0.68		 	(0.35	)	 	(51	)	 	0.63		 	0.65		 	1.98		
Basic	0.33		 	0.68		 	(0.35	)	 	(51	)	 	0.64		 	0.66		 	1.99		
Cash dividends paid per common share	0.10		 	0.10		 	—		 	—		 	0.05		 	0.05		 	0.05		
Average common shares outstanding (000s)	 	 	 	 	 	 	 	 	 	 	 	 	 	
Diluted	538,850		 	539,763		 	(913	)	 	—		 	539,862		 	539,618		 	538,699		
Basic	533,829		 	535,172		 	(1,343	)	 	—		 	535,680		 	535,012		 	534,506		

1 PIN interchange fees are presented along with other interchange fee income in card fees for the three quarters in 2013. Previously, these PIN interchange fees were presented in other charges and fees and therefore, for comparative purposes, $20 million and $19 million of PIN interchange fees have been reclassified to card fees for the three months ended December 31, 2012 and September 30, 2012, respectively.
2 Net interest income includes the effects of FTE adjustments using a federal tax rate of 35% and state income taxes where applicable to increase tax-exempt interest income to a taxable-equivalent basis. See Appendix A for a reconcilement of this non-GAAP measure to the related GAAP measure.
3 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

13

SunTrust Banks, Inc. and Subsidiaries
CONSOLIDATED BALANCE SHEETS
(Dollars in millions and shares in thousands) (Unaudited)

															
 	September 30	 	Increase/(Decrease)	
 	2013	 	2012	 	Amount	 	  % 2	
ASSETS	 	 	 	 	 	 	 	
Cash and due from banks		$3,041		 		$4,655		 		($1,614	)	 	(35	)%	
Federal funds sold and securities borrowed or purchased under agreements to resell	1,222		 	930		 	292		 	31		
Interest-bearing deposits in other banks	23		 	22		 	1		 	5		
Trading assets	5,731		 	6,381		 	(650	)	 	(10	)	
Securities available for sale	22,626		 	21,467		 	1,159		 	5		
Loans held for sale	2,462		 	5,205		 	(2,743	)	 	(53	)	
Loans held for investment:	 	 	 	 	 	 	 	
Commercial and industrial	55,943		 	52,407		 	3,536		 	7		
Commercial real estate	4,755		 	4,491		 	264		 	6		
Commercial construction	737		 	808		 	(71	)	 	(9	)	
Residential mortgages - guaranteed	3,527		 	4,823		 	(1,296	)	 	(27	)	
Residential mortgages - nonguaranteed	24,106		 	23,925		 	181		 	1		
Residential home equity products	14,826		 	15,019		 	(193	)	 	(1	)	
Residential construction	582		 	805		 	(223	)	 	(28	)	
Consumer student loans - guaranteed	5,489		 	5,823		 	(334	)	 	(6	)	
Consumer other direct	2,670		 	2,341		 	329		 	14		
Consumer indirect	11,035		 	10,781		 	254		 	2		
Consumer credit cards	670		 	594		 	76		 	13		
Total loans held for investment	124,340		 	121,817		 	2,523		 	2		
Allowance for loan and lease losses	(2,071	)	 	(2,239	)	 	(168	)	 	(8	)	
Net loans held for investment	122,269		 	119,578		 	2,691		 	2		
Goodwill	6,369		 	6,369		 	—		 	—		
Other intangible assets	1,287		 	896		 	391		 	44		
Other real estate owned	196		 	304		 	(108	)	 	(36	)	
Other assets	6,551		 	7,374		 	(823	)	 	(11	)	
Total assets 1		$171,777		 		$173,181		 		($1,404	)	 	(1	)%	
LIABILITIES	 	 	 	 	 	 	 	
Deposits:	 	 	 	 	 	 	 	
Noninterest-bearing consumer and commercial deposits		$39,006		 		$37,592		 		$1,414		 	4	%	
Interest-bearing consumer and commercial deposits:	 	 	 	 	 	 	 	
NOW accounts	25,495		 	25,147		 	348		 	1		
Money market accounts	43,106		 	41,395		 	1,711		 	4		
Savings	5,778		 	5,189		 	589		 	11		
Consumer time	8,742		 	9,941		 	(1,199	)	 	(12	)	
Other time	4,734		 	5,634		 	(900	)	 	(16	)	
Total consumer and commercial deposits	126,861		 	124,898		 	1,963		 	2		
Brokered time deposits	2,022		 	2,198		 	(176	)	 	(8	)	
Foreign deposits	—		 	130		 	(130	)	 	(100	)	
Total deposits	128,883		 	127,226		 	1,657		 	1		
Funds purchased	934		 	680		 	254		 	37		
Securities sold under agreements to repurchase	1,574		 	1,630		 	(56	)	 	(3	)	
Other short-term borrowings	4,479		 	6,511		 	(2,032	)	 	(31	)	
Long-term debt	9,985		 	10,765		 	(780	)	 	(7	)	
Trading liabilities	1,264		 	1,458		 	(194	)	 	(13	)	
Other liabilities	3,588		 	4,512		 	(924	)	 	(20	)	
Total liabilities	150,707		 	152,782		 	(2,075	)	 	(1	)	
SHAREHOLDERS' EQUITY	 	 	 	 	 	 	 	
Preferred stock, no par value	725		 	275		 	450		 	NM		
Common stock, $1.00 par value	550		 	550		 	—		 	—		
Additional paid in capital	9,117		 	9,195		 	(78	)	 	(1	)	
Retained earnings	11,573		 	10,491		 	1,082		 	10		
Treasury stock, at cost, and other	(579	)	 	(616	)	 	(37	)	 	(6	)	
Accumulated other comprehensive (loss)/income	(316	)	 	504		 	(820	)	 	NM		
Total shareholders' equity	21,070		 	20,399		 	671		 	3		
Total liabilities and shareholders' equity		$171,777		 		$173,181		 		($1,404	)	 	(1	)%	
 	 	 	 	 	 	 	 	
Common shares outstanding	537,549		 	538,821		 	(1,272	)	 	—	%	
Common shares authorized	750,000		 	750,000		 	—		 	—		
Preferred shares outstanding	7		 	3		 	4		 	NM		
Preferred shares authorized	50,000		 	50,000		 	—		 	—		
Treasury shares of common stock	12,372		 	11,100		 	1,272		 	11		
1 Includes earning assets of $154,849 and $152,472 at September 30 , 2013 and 2012 , respectively.
2 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

14

SunTrust Banks, Inc. and Subsidiaries
FIVE QUARTER CONSOLIDATED BALANCE SHEETS
(Dollars in millions and shares in thousands) (Unaudited)

																											
 	September 30	 	June 30	 	Increase/(Decrease)	 	March 31	 	December 31	 	September 30	
 	2013	 	2013	 	Amount    	 	  % 2	 	2013	 	2012	 	2012	
ASSETS	 	 	 	 	 	 	 	 	 	 	 	 	 	
Cash and due from banks		$3,041		 		$3,027		 		$14		 	—	 %	 		$4,787		 		$7,134		 		$4,655		
Federal funds sold and securities borrowed or purchased under agreements to resell	1,222		 	1,111		 	111		 	10		 	1,154		 	1,101		 	930		
Interest-bearing deposits in other banks	23		 	21		 	2		 	10		 	21		 	22		 	22		
Trading assets	5,731		 	5,824		 	(93	)	 	(2	)	 	6,250		 	6,049		 	6,381		
Securities available for sale	22,626		 	23,389		 	(763	)	 	(3	)	 	23,823		 	21,953		 	21,467		
Loans held for sale	2,462		 	3,647		 	(1,185	)	 	(32	)	 	3,193		 	3,399		 	5,205		
Loans held for investment:	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial and industrial	55,943		 	55,070		 	873		 	2		 	54,343		 	54,048		 	52,407		
Commercial real estate	4,755		 	4,308		 	447		 	10		 	4,261		 	4,127		 	4,491		
Commercial construction	737		 	667		 	70		 	10		 	634		 	713		 	808		
Residential mortgages - guaranteed	3,527		 	3,622		 	(95	)	 	(3	)	 	3,930		 	4,252		 	4,823		
Residential mortgages - nonguaranteed	24,106		 	23,341		 	765		 	3		 	23,051		 	23,389		 	23,925		
Residential home equity products	14,826		 	14,682		 	144		 	1		 	14,617		 	14,805		 	15,019		
Residential construction	582		 	635		 	(53	)	 	(8	)	 	683		 	753		 	805		
Consumer student loans - guaranteed	5,489		 	5,431		 	58		 	1		 	5,275		 	5,357		 	5,823		
Consumer other direct	2,670		 	2,483		 	187		 	8		 	2,387		 	2,396		 	2,341		
Consumer indirect	11,035		 	11,151		 	(116	)	 	(1	)	 	11,009		 	10,998		 	10,781		
Consumer credit cards	670		 	641		 	29		 	5		 	614		 	632		 	594		
Total loans held for investment	124,340		 	122,031		 	2,309		 	2		 	120,804		 	121,470		 	121,817		
Allowance for loan and lease losses	(2,071	)	 	(2,125	)	 	(54	)	 	(3	)	 	(2,152	)	 	(2,174	)	 	(2,239	)	
Net loans held for investment	122,269		 	119,906		 	2,363		 	2		 	118,652		 	119,296		 	119,578		
Goodwill	6,369		 	6,369		 	—		 	—		 	6,369		 	6,369		 	6,369		
Other intangible assets	1,287		 	1,244		 	43		 	3		 	1,076		 	956		 	896		
Other real estate owned	196		 	198		 	(2	)	 	(1	)	 	224		 	264		 	304		
Other assets	6,551		 	6,810		 	(259	)	 	(4	)	 	6,886		 	6,899		 	7,374		
Total assets 1		$171,777		 		$171,546		 		$231		 	—	 %	 		$172,435		 		$173,442		 		$173,181		
LIABILITIES	 	 	 	 	 	 	 	 	 	 	 	 	 	
Deposits:	 	 	 	 	 	 	 	 	 	 	 	 	 	
Noninterest-bearing consumer and commercial deposits		$39,006		 		$37,999		 		$1,007		 	3	 %	 		$38,593		 		$39,481		 		$37,592		
Interest-bearing consumer and commercial deposits:	 	 	 	 	 	 	 	 	 	 	 	 	 	
NOW accounts	25,495		 	26,106		 	(611	)	 	(2	)	 	26,736		 	27,617		 	25,147		
Money market accounts	43,106		 	41,684		 	1,422		 	3		 	42,231		 	42,846		 	41,395		
Savings	5,778		 	5,819		 	(41	)	 	(1	)	 	5,769		 	5,314		 	5,189		
Consumer time	8,742		 	9,050		 	(308	)	 	(3	)	 	9,281		 	9,569		 	9,941		
Other time	4,734		 	4,930		 	(196	)	 	(4	)	 	5,125		 	5,353		 	5,634		
Total consumer and commercial deposits	126,861		 	125,588		 	1,273		 	1		 	127,735		 	130,180		 	124,898		
Brokered time deposits	2,022		 	2,006		 	16		 	1		 	2,080		 	2,136		 	2,198		
Foreign deposits	—		 	25		 	(25	)	 	(100	)	 	100		 	—		 	130		
Total deposits	128,883		 	127,619		 	1,264		 	1		 	129,915		 	132,316		 	127,226		
Funds purchased	934		 	420		 	514		 	NM		 	605		 	617		 	680		
Securities sold under agreements to repurchase	1,574		 	1,869		 	(295	)	 	(16	)	 	1,854		 	1,574		 	1,630		
Other short-term borrowings	4,479		 	5,825		 	(1,346	)	 	(23	)	 	4,169		 	3,303		 	6,511		
Long-term debt	9,985		 	9,818		 	167		 	2		 	9,331		 	9,357		 	10,765		
Trading liabilities	1,264		 	1,176		 	88		 	7		 	1,348		 	1,161		 	1,458		
Other liabilities	3,588		 	3,812		 	(224	)	 	(6	)	 	4,019		 	4,129		 	4,512		
Total liabilities	150,707		 	150,539		 	168		 	—		 	151,241		 	152,457		 	152,782		
SHAREHOLDERS’ EQUITY	 	 	 	 	 	 	 	 	 	 	 	 	 	
Preferred stock, no par value	725		 	725		 	—		 	—		 	725		 	725		 	275		
Common stock, $1.00 par value	550		 	550		 	—		 	—		 	550		 	550		 	550		
Additional paid in capital	9,117		 	9,126		 	(9	)	 	—		 	9,132		 	9,174		 	9,195		
Retained earnings	11,573		 	11,447		 	126		 	1		 	11,133		 	10,817		 	10,491		
Treasury stock, at cost, and other	(579	)	 	(558	)	 	21		 	4		 	(531	)	 	(590	)	 	(616	)	
Accumulated other comprehensive (loss)/income	(316	)	 	(283	)	 	(33	)	 	(12	)	 	185		 	309		 	504		
Total shareholders’ equity	21,070		 	21,007		 	63		 	—		 	21,194		 	20,985		 	20,399		
Total liabilities and shareholders’ equity		$171,777		 		$171,546		 		$231		 	—	 %	 		$172,435		 		$173,442		 		$173,181		
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Common shares outstanding	537,549		 	538,653		 	(1,104	)	 	—	%	 	540,187		 	538,959		 	538,821		
Common shares authorized	750,000		 	750,000		 	—		 	—		 	750,000		 	750,000		 	750,000		
Preferred shares outstanding	7		 	7		 	—		 	—		 	7		 	7		 	3		
Preferred shares authorized	50,000		 	50,000		 	—		 	—		 	50,000		 	50,000		 	50,000		
Treasury shares of common stock	12,372		 	11,268		 	1,104		 	10		 	9,734		 	10,962		 	11,100		
1 Includes earning assets of $154,849 , $154,430 , $152,783 , $151,223 , and $152,472 at September 30 , 2013 , June 30 , 2013 , March 31 , 2013 , December 31 , 2012 , and September 30 , 2012 , respectively.
2 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

15

	
																																				
SunTrust Banks, Inc. and Subsidiaries
CONSOLIDATED DAILY AVERAGE BALANCES,
AVERAGE YIELDS EARNED AND RATES PAID
(Dollars in millions; yields on taxable-equivalent basis) (Unaudited)	 	 	 	 	
 	Three Months Ended	 	Increase/(Decrease) From	
 	September 30, 2013	 	June 30, 2013	 	Sequential Quarter	 	Prior Year Quarter	
 	Average
Balances  	 	Interest
Income/
Expense  	 	Yields/
Rates	 	Average
Balances	 	Interest
Income/
Expense  	 	Yields/
Rates	 	Average
Balances	 	Yields/
Rates	 	Average
Balances  	 	Yields/
Rates	
ASSETS	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Loans:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial and industrial - FTE  1		$54,666		 		$535		 	3.88	%	 		$54,490		 		$544		 	4.01	%	 		$176		 	(0.13	)	 	$2,743	 	(0.55	)	
Commercial real estate	4,615		 	37		 	3.18		 	4,262		 	35		 	3.27		 	353		 	(0.09	)	 	90		 	(0.38	)	
Commercial construction	704		 	6		 	3.38		 	628		 	5		 	3.47		 	76		 	(0.09	)	 	(80	)	 	(0.36	)	
Residential mortgages - guaranteed	3,526		 	28		 	3.14		 	3,768		 	27		 	2.86		 	(242	)	 	0.28		 	(1,906	)	 	0.38		
Residential mortgages - nonguaranteed	23,258		 	238		 	4.09		 	22,470		 	242		 	4.30		 	788		 	(0.21	)	 	353		 	(0.38	)	
Home equity products	14,549		 	133		 	3.63		 	14,358		 	131		 	3.65		 	191		 	(0.02	)	 	(317	)	 	(0.05	)	
Residential construction	529		 	7		 	4.88		 	559		 	8		 	5.46		 	(30	)	 	(0.58	)	 	(138	)	 	(0.56	)	
Guaranteed student loans	5,453		 	52		 	3.81		 	5,339		 	50		 	3.78		 	114		 	0.03		 	(1,730	)	 	(0.11	)	
Other direct	2,563		 	28		 	4.33		 	2,434		 	27		 	4.41		 	129		 	(0.08	)	 	297		 	(0.02	)	
Indirect	11,069		 	94		 	3.36		 	11,073		 	94		 	3.41		 	(4	)	 	(0.05	)	 	485		 	(0.48	)	
Credit cards	656		 	16		 	9.73		 	617		 	15		 	9.80		 	39		 	(0.07	)	 	79		 	(0.14	)	
Nonaccrual	1,084		 	6		 	2.37		 	1,374		 	9		 	2.76		 	(290	)	 	(0.39	)	 	(1,284	)	 	1.00		
Total loans	122,672		 	1,180		 	3.81		 	121,372		 	1,187		 	3.92		 	1,300		 	(0.11	)	 	(1,408	)	 	(0.31	)	
Securities available for sale:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Taxable	22,494		 	140		 	2.49		 	22,834		 	141		 	2.46		 	(340	)	 	0.03		 	2,070		 	(0.25	)	
Tax-exempt - FTE  1	243		 	3		 	5.16		 	263		 	3		 	5.18		 	(20	)	 	(0.02	)	 	(107	)	 	(0.13	)	
    Total securities available for sale	22,737		 	143		 	2.52		 	23,097		 	144		 	2.49		 	(360	)	 	0.03		 	1,963		 	(0.26	)	
Federal funds sold and securities borrowed or purchased under agreements to resell	1,029		 	—		 	0.01		 	1,107		 	—		 	—		 	(78	)	 	0.01		 	77		 	(0.04	)	
Loans held for sale	3,344		 	30		 	3.58		 	3,540		 	29		 	3.26		 	(196	)	 	0.32		 	50		 	0.10		
Interest-bearing deposits	22		 	—		 	0.11		 	21		 	—		 	0.06		 	1		 	0.05		 	1		 	(0.15	)	
Interest earning trading assets	4,446		 	18		 	1.64		 	4,358		 	18		 	1.60		 	88		 	0.04		 	360		 	0.15		
Total earning assets	154,250		 	1,371		 	3.53		 	153,495		 	1,378		 	3.60		 	755		 	(0.07	)	 	1,043		 	(0.30	)	
Allowance for loan and lease losses	(2,112	)	 	 	 	 	 	(2,143	)	 	 	 	 	 	31		 	 	 	81		 	 	
Cash and due from banks	3,867		 	 	 	 	 	4,453		 	 	 	 	 	(586	)	 	 	 	(712	)	 	 	
Other assets	14,396		 	 	 	 	 	14,346		 	 	 	 	 	50		 	 	 	(414	)	 	 	
Noninterest earning trading assets	1,389		 	 	 	 	 	1,699		 	 	 	 	 	(310	)	 	 	 	(783	)	 	 	
Unrealized gains on securities available for sale, net	48		 	 	 	 	 	687		 	 	 	 	 	(639	)	 	 	 	(2,659	)	 	 	
Total assets		$171,838		 	 	 	 	 		$172,537		 	 	 	 	 		($699	)	 	 	 		($3,444	)	 	 	
LIABILITIES AND SHAREHOLDERS’ EQUITY	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Interest-bearing deposits:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NOW accounts	$25,435	 		$4		 	0.06	%	 		$26,015		 		$4		 	0.06	%	 		($580	)	 	—		 		$625		 	(0.03	)	
Money market accounts	43,019		 	13		 	0.12		 	41,850		 	13		 	0.13		 	1,169		 	(0.01	)	 	1,502		 	(0.08	)	
Savings	5,802		 	1		 	0.04		 	5,808		 	1		 	0.05		 	(6	)	 	(0.01	)	 	612		 	(0.05	)	
Consumer time	8,895		 	25		 	1.12		 	9,163		 	26		 	1.15		 	(268	)	 	(0.03	)	 	(1,307	)	 	(0.14	)	
Other time	4,830		 	15		 	1.26		 	5,036		 	17		 	1.34		 	(206	)	 	(0.08	)	 	(941	)	 	(0.16	)	
Total interest-bearing consumer and commercial deposits	87,981		 	58		 	0.26		 	87,872		 	61		 	0.28		 	109		 	(0.02	)	 	491		 	(0.11	)	
Brokered time deposits	1,989		 	12		 	2.44		 	2,038		 	14		 	2.54		 	(49	)	 	(0.10	)	 	(200	)	 	(0.59	)	
Foreign deposits	18		 	—		 	0.11		 	37		 	—		 	0.13		 	(19	)	 	(0.02	)	 	(30	)	 	(0.06	)	
Total interest-bearing deposits	89,988		 	70		 	0.31		 	89,947		 	75		 	0.33		 	41		 	(0.02	)	 	261		 	(0.12	)	
Funds purchased	505		 	—		 	0.09		 	657		 	—		 	0.10		 	(152	)	 	(0.01	)	 	(196	)	 	(0.02	)	
Securities sold under agreements to repurchase	1,885		 	1		 	0.13		 	1,879		 	1		 	0.13		 	6		 	—		 	424		 	(0.05	)	
Interest-bearing trading liabilities	720		 	5		 	2.58		 	751		 	4		 	2.29		 	(31	)	 	0.29		 	18		 	(0.04	)	
Other short-term borrowings	5,222		 	3		 	0.27		 	5,422		 	3		 	0.24		 	(200	)	 	0.03		 	(1,442	)	 	(0.03	)	
Long-term debt	9,891		 	52		 	2.06		 	9,700		 	53		 	2.19		 	191		 	(0.13	)	 	(1,843	)	 	(0.17	)	
Total interest-bearing liabilities	108,211		 	131		 	0.48		 	108,356		 	136		 	0.50		 	(145	)	 	(0.02	)	 	(2,778	)	 	(0.14	)	
Noninterest-bearing deposits	38,637		 	 	 	 	 	38,707		 	 	 	 	 	(70	)	 	 	 	774		 	 	
Other liabilities	3,486		 	 	 	 	 	3,702		 	 	 	 	 	(216	)	 	 	 	(1,346	)	 	 	
Noninterest-bearing trading liabilities	477		 	 	 	 	 	500		 	 	 	 	 	(23	)	 	 	 	(502	)	 	 	
Shareholders’ equity	21,027		 	 	 	 	 	21,272		 	 	 	 	 	(245	)	 	 	 	408		 	 	
Total liabilities and shareholders’ equity		$171,838		 	 	 	 	 		$172,537		 	 	 	 	 		($699	)	 	 	 		($3,444	)	 	 	
Interest Rate Spread	 	 	 	 	3.05	%	 	 	 	 	 	3.10	%	 	 	 	(0.05	)	 	 	 	(0.16	)	
Net Interest Income - FTE  1	 	 		$1,240		 	 	 	 	 		$1,242		 	 	 	 	 	 	 	 	 	 	
Net Interest Margin  2	 	 	 	 	3.19	%	 	 	 	 	 	3.25	%	 	 	 	(0.06	)	 	 	 	(0.19	)	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
1 The fully taxable-equivalent(“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.
2 The net interest margin is calculated by dividing annualized net interest income - FTE by average total earning assets.

16

 

																																	
SunTrust Banks, Inc. and Subsidiaries
CONSOLIDATED DAILY AVERAGE BALANCES,
AVERAGE YIELDS EARNED AND RATES PAID, continued
(Dollars in millions; yields on taxable-equivalent basis) (Unaudited)	
  	Three Months Ended	
 	March 31, 2013	 	December 31, 2012	 	September 30, 2012	
 	Average
Balances  	 	Interest
Income/
Expense  	 	Yields/
Rates	 	Average
Balances  	 	Interest
Income/
Expense  	 	Yields/
Rates	 	Average
Balances  	 	Interest
Income/
Expense  	 	Yields/
Rates	
ASSETS	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Loans:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial and industrial - FTE  1		$53,763		 		$556		 	4.20	%	 		$52,628		 		$575		 	4.34	%	 		$51,923		 		$578		 	4.43	%	
Commercial real estate	4,092		 	35		 	3.50		 	4,228		 	39		 	3.66		 	4,525		 	41		 	3.56		
Commercial construction	663		 	6		 	3.75		 	701		 	6		 	3.63		 	784		 	7		 	3.74		
Residential mortgages - guaranteed	4,079		 	27		 	2.62		 	4,606		 	29		 	2.49		 	5,432		 	37		 	2.76		
Residential mortgages -nonguaranteed	22,386		 	238		 	4.25		 	22,917		 	248		 	4.32		 	22,905		 	256		 	4.47		
Home equity products	14,363		 	129		 	3.64		 	14,639		 	135		 	3.66		 	14,866		 	138		 	3.68		
Residential construction	615		 	7		 	4.61		 	659		 	8		 	5.01		 	667		 	9		 	5.44		
Guaranteed student loans	5,397		 	52		 	3.92		 	5,773		 	55		 	3.78		 	7,183		 	71		 	3.92		
Other direct	2,398		 	26		 	4.43		 	2,348		 	25		 	4.22		 	2,266		 	25		 	4.35		
Indirect	10,996		 	96		 	3.53		 	10,883		 	101		 	3.70		 	10,584		 	102		 	3.84		
Credit cards	617		 	15		 	9.52		 	605		 	14		 	9.50		 	577		 	14		 	9.87		
Nonaccrual	1,513		 	11		 	2.91		 	1,600		 	9		 	2.26		 	2,368		 	8		 	1.37		
Total loans	120,882		 	1,198		 	4.02		 	121,587		 	1,244		 	4.07		 	124,080		 	1,286		 	4.12		
Securities available for sale:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Taxable	22,209		 	140		 	2.53		 	20,290		 	134		 	2.64		 	20,424		 	140		 	2.74		
Tax-exempt - FTE 1	294		 	4		 	5.22		 	328		 	4		 	5.27		 	350		 	5		 	5.29		
    Total securities available for sale	22,503		 	144		 	2.57		 	20,618		 	138		 	2.68		 	20,774		 	145		 	2.78		
Federal funds sold and securities borrowed or purchased
under agreements to resell	1,092		 	—		 	0.04		 	980		 	—		 	0.08		 	952		 	—		 	0.05		
Loans held for sale	3,752		 	31		 	3.29		 	3,769		 	28		 	2.94		 	3,294		 	29		 	3.48		
Interest-bearing deposits	21		 	—		 	0.13		 	23		 	—		 	0.14		 	21		 	—		 	0.26		
Interest earning trading assets	4,221		 	16		 	1.53		 	4,248		 	16		 	1.55		 	4,086		 	15		 	1.49		
Total earning assets	152,471		 	1,389		 	3.69		 	151,225		 	1,426		 	3.75		 	153,207		 	1,475		 	3.83		
Allowance for loan and lease losses	(2,178	)	 	 	 	 	 	(2,238	)	 	 	 	 	 	(2,193	)	 	 	 	 	
Cash and due from banks	4,462		 	 	 	 	 	8,048		 	 	 	 	 	4,579		 	 	 	 	
Other assets	14,342		 	 	 	 	 	14,454		 	 	 	 	 	14,810		 	 	 	 	
Noninterest earning trading assets	1,917		 	 	 	 	 	2,074		 	 	 	 	 	2,172		 	 	 	 	
Unrealized gains on securities available for sale, net	794		 	 	 	 	 	947		 	 	 	 	 	2,707		 	 	 	 	
Total assets		$171,808		 	 	 	 	 		$174,510		 	 	 	 	 		$175,282		 	 	 	 	
LIABILITIES AND SHAREHOLDERS’ EQUITY	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Interest-bearing deposits:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NOW accounts		$26,383		 		$5		 	0.08	%	 		$25,590		 		$5		 	0.08	%	 		$24,810		 		$6		 	0.09	%	
Money market accounts	42,995		 	15		 	0.15		 	42,452		 	18		 	0.17		 	41,517		 	21		 	0.20		
Savings	5,527		 	1		 	0.06		 	5,231		 	1		 	0.08		 	5,190		 	1		 	0.09		
Consumer time	9,421		 	27		 	1.16		 	9,731		 	29		 	1.17		 	10,202		 	32		 	1.26		
Other time	5,245		 	18		 	1.37		 	5,489		 	18		 	1.31		 	5,771		 	21		 	1.42		
Total interest-bearing consumer and commercial deposits	89,571		 	66		 	0.30		 	88,493		 	71		 	0.32		 	87,490		 	81		 	0.37		
Brokered time deposits	2,087		 	13		 	2.61		 	2,152		 	15		 	2.71		 	2,189		 	17		 	3.03		
Foreign deposits	83		 	—		 	0.15		 	114		 	—		 	0.17		 	48		 	—		 	0.17		
Total interest-bearing deposits	91,741		 	79		 	0.35		 	90,759		 	86		 	0.38		 	89,727		 	98		 	0.43		
Funds purchased	716		 	—		 	0.11		 	811		 	—		 	0.11		 	701		 	—		 	0.11		
Securities sold under agreements to repurchase	1,705		 	1		 	0.19		 	1,668		 	1		 	0.21		 	1,461		 	1		 	0.18		
Interest-bearing trading liabilities	723		 	4		 	2.21		 	719		 	4		 	2.12		 	702		 	4		 	2.62		
Other short-term borrowings	3,721		 	3		 	0.29		 	5,057		 	4		 	0.32		 	6,664		 	5		 	0.30		
Long-term debt	9,357		 	51		 	2.22		 	10,491		 	55		 	2.07		 	11,734		 	66		 	2.23		
Total interest-bearing liabilities	107,963		 	138		 	0.52		 	109,505		 	150		 	0.54		 	110,989		 	174		 	0.62		
Noninterest-bearing deposits	38,084		 	 	 	 	 	39,414		 	 	 	 	 	37,863		 	 	 	 	
Other liabilities	4,048		 	 	 	 	 	4,322		 	 	 	 	 	4,832		 	 	 	 	
Noninterest-bearing trading liabilities	596		 	 	 	 	 	639		 	 	 	 	 	979		 	 	 	 	
Shareholders’ equity	21,117		 	 	 	 	 	20,630		 	 	 	 	 	20,619		 	 	 	 	
Total liabilities and shareholders’ equity		$171,808		 	 	 	 	 		$174,510		 	 	 	 	 		$175,282		 	 	 	 	
Interest Rate Spread	 	 	 	 	3.17	%	 	 	 	 	 	3.21	%	 	 	 	 	 	3.21	%	
Net Interest Income - FTE 1	 	 		$1,251		 	 	 	 	 		$1,276		 	 	 	 	 		$1,301		 	 	
Net Interest Margin 2	 	 	 	 	3.33	%	 	 	 	 	 	3.36	%	 	 	 	 	 	3.38	%	

1  	The fully taxable-equivalent (“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.	
		
2  	The net interest margin is calculated by dividing annualized net interest income - FTE by average total earning assets.	

17

	
																													
SunTrust Banks, Inc. and Subsidiaries
CONSOLIDATED DAILY AVERAGE BALANCES,
AVERAGE YIELDS EARNED AND RATES PAID, continued
(Dollars in millions; yields on taxable-equivalent basis) (Unaudited)	
 	Nine Months Ended	 	 	 	 	
 	September 30, 2013	 	September 30, 2012	Increase/(Decrease)	
 	Average
Balances  	 	Interest
Income/
Expense  	 	Yields/
Rates	 	Average
Balances	 	Interest
Income/
Expense  	 	Yields/
Rates	 	Average
Balances	 	Yields/
Rates	
ASSETS	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Loans:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
   Commercial and industrial - FTE  1		$54,310		 		$1,635		 	4.03	%	 		$50,758		 		$1,754		 	4.62	%	 		$3,552		 	(0.59	)	
   Commercial real estate	4,325		 	107		 	3.31		 	4,614		 	126		 	3.65		 	(289	)	 	(0.34	)	
   Commercial construction	665		 	18		 	3.53		 	855		 	25		 	3.83		 	(190	)	 	(0.30	)	
   Residential mortgages - guaranteed	3,789		 	81		 	2.86		 	5,920		 	137		 	3.08		 	(2,131	)	 	(0.22	)	
   Residential mortgages - nonguaranteed	22,708		 	717		 	4.21		 	22,521		 	775		 	4.59		 	187		 	(0.38	)	
   Home equity products	14,424		 	393		 	3.64		 	15,071		 	416		 	3.69		 	(647	)	 	(0.05	)	
   Residential construction	567		 	21		 	4.97		 	704		 	27		 	5.22		 	(137	)	 	(0.25	)	
   Guaranteed student loans	5,397		 	155		 	3.84		 	7,229		 	211		 	3.89		 	(1,832	)	 	(0.05	)	
   Other direct	2,466		 	81		 	4.39		 	2,184		 	72		 	4.39		 	282		 	—		
   Indirect	11,046		 	284		 	3.43		 	10,329		 	302		 	3.90		 	717		 	(0.47	)	
   Credit cards	630		 	46		 	9.69		 	553		 	43		 	10.26		 	77		 	(0.57	)	
   Nonaccrual	1,322		 	27		 	2.71		 	2,594		 	22		 	1.13		 	(1,272	)	 	1.58		
      Total loans	121,649		 	3,565		 	3.92		 	123,332		 	3,910		 	4.23		 	(1,683	)	 	(0.31	)	
Securities available for sale:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
   Taxable	22,514		 	421		 	2.49		 	22,406		 	507		 	3.01		 	108		 	(0.52	)	
   Tax-exempt - FTE  1	266		 	10		 	5.19		 	382		 	15		 	5.35		 	(116	)	 	(0.16	)	
     Total securities available for sale	22,780		 	431		 	2.53		 	22,788		 	522		 	3.05		 	(8	)	 	(0.52	)	
Federal funds sold and securities borrowed or purchased
under agreements to resell	1,075		 	—		 	0.02		 	869		 	—		 	0.03		 	206		 	(0.01	)	
Loans held for sale	3,544		 	90		 	3.37		 	3,099		 	84		 	3.60		 	445		 	(0.23	)	
Interest-bearing deposits	22		 	—		 	0.10		 	21		 	—		 	0.24		 	1		 	(0.14	)	
Interest earning trading assets	4,342		 	52		 	1.59		 	4,127		 	48		 	1.55		 	215		 	0.04		
      Total earning assets	153,412		 	4,138		 	3.61		 	154,236		 	4,564		 	3.95		 	(824	)	 	(0.34	)	
Allowance for loan and lease losses	(2,144	)	 	 	 	 	 	(2,314	)	 	 	 	 	 	170		 	 	
Cash and due from banks	4,258		 	 	 	 	 	4,621		 	 	 	 	 	(363	)	 	 	
Other assets	14,361		 	 	 	 	 	14,987		 	 	 	 	 	(626	)	 	 	
Noninterest earning trading assets	1,667		 	 	 	 	 	2,221		 	 	 	 	 	(554	)	 	 	
Unrealized gains on securities available for sale, net	507		 	 	 	 	 	2,928		 	 	 	 	 	(2,421	)	 	 	
Total assets		$172,061		 	 	 	 	 		$176,679		 	 	 	 	 		($4,618	)	 	 	
LIABILITIES AND SHAREHOLDERS’ EQUITY	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Interest-bearing deposits:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
   NOW accounts		$25,941		 		$13		 	0.07	%	 		$25,009		 		$18		 	0.10	%	 		$932		 	(0.03	)	
   Money market accounts	42,621		 	42		 	0.13		 	41,983		 	70		 	0.22		 	638		 	(0.09	)	
   Savings	5,713		 	2		 	0.05		 	5,073		 	4		 	0.11		 	640		 	(0.06	)	
   Consumer time	9,158		 	78		 	1.14		 	10,888		 	116		 	1.43		 	(1,730	)	 	(0.29	)	
   Other time	5,036		 	50		 	1.32		 	6,110		 	72		 	1.58		 	(1,074	)	 	(0.26	)	
   Total interest-bearing consumer and commercial deposits	88,469		 	185		 	0.28		 	89,063		 	280		 	0.42		 	(594	)	 	(0.14	)	
   Brokered time deposits	2,037		 	39		 	2.53		 	2,222		 	62		 	3.65		 	(185	)	 	(1.12	)	
   Foreign deposits	46		 	—		 	0.14		 	30		 	—		 	0.17		 	16		 	(0.03	)	
      Total interest-bearing deposits	90,552		 	224		 	0.33		 	91,315		 	342		 	0.50		 	(763	)	 	(0.17	)	
Funds purchased	625		 	1		 	0.10		 	793		 	1		 	0.11		 	(168	)	 	(0.01	)	
Securities sold under agreements to repurchase	1,824		 	2		 	0.15		 	1,580		 	2		 	0.17		 	244		 	(0.02	)	
Interest-bearing trading liabilities	731		 	13		 	2.36		 	661		 	11		 	2.29		 	70		 	0.07		
Other short-term borrowings	4,794		 	9		 	0.26		 	7,589		 	15		 	0.25		 	(2,795	)	 	0.01		
Long-term debt	9,652		 	156		 	2.15		 	12,247		 	244		 	2.66		 	(2,595	)	 	(0.51	)	
      Total interest-bearing liabilities	108,178		 	405		 	0.50		 	114,185		 	615		 	0.72		 	(6,007	)	 	(0.22	)	
Noninterest-bearing deposits	38,478		 	 	 	 	 	36,629		 	 	 	 	 	1,849		 	 	
Other liabilities	3,743		 	 	 	 	 	4,356		 	 	 	 	 	(613	)	 	 	
Noninterest-bearing trading liabilities	524		 	 	 	 	 	1,059		 	 	 	 	 	(535	)	 	 	
Shareholders’ equity	21,138		 	 	 	 	 	20,450		 	 	 	 	 	688		 	 	
      Total liabilities and shareholders’ equity		$172,061		 	 	 	 	 		$176,679		 	 	 	 	 		($4,618	)	 	 	
Interest Rate Spread	 	 	 	 	3.11	%	 	 	 	 	 	3.23	%	 	 	 	(0.12	)	
Net Interest Income - FTE  1	 	 		$3,733		 	 	 	 	 		$3,949		 	 	 	 	 	 	
Net Interest Margin  2	 	 	 	 	3.25	%	 	 	 	 	 	3.42	%	 	 	 	(0.17	)	

1  	The fully taxable-equivalent (“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.	
		
2  	The net interest margin is calculated by dividing annualized net interest income - FTE by average total earning assets.	

18

	
																														
SunTrust Banks, Inc. and Subsidiaries
OTHER FINANCIAL DATA
(Dollars in millions) (Unaudited)	
 	Three Months Ended September 30	 	Nine Months Ended September 30	
 	 	 	 	 	Increase/(Decrease)	 	 	 	 	 	Increase/(Decrease)	
 	2013	 	2012	 	Amount	 	% 4	 	2013	 	2012	 	Amount	 	% 4	
CREDIT DATA	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Allowance for credit losses - beginning		$2,172		 		$2,350		 		($178	)	 	(8	)%	 		$2,219		 		$2,505		 		($286	)	 	(11	)%	
Provision for unfunded commitments	3		 	—		 	3		 	NM		 	5		 	2		 	3		 	NM		
Provision for loan losses:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial	78		 	127		 	(49	)	 	(39	)	 	183		 	214		 	(31	)	 	(14	)	
Residential	(7	)	 	300		 	(307	)	 	NM		 	184		 	788		 	(604	)	 	(77	)	
Consumer	21		 	23		 	(2	)	 	(9	)	 	81		 	63		 	18		 	29		
Total provision for loan losses	92		 	450		 	(358	)	 	(80	)	 	448		 	1,065		 	(617	)	 	(58	)	
Charge-offs:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial	(52	)	 	(126	)	 	(74	)	 	(59	)	 	(176	)	 	(346	)	 	(170	)	 	(49	)	
Residential	(109	)	 	(425	)	 	(316	)	 	(74	)	 	(430	)	 	(1,001	)	 	(571	)	 	(57	)	
Consumer	(28	)	 	(34	)	 	(6	)	 	(18	)	 	(89	)	 	(98	)	 	(9	)	 	(9	)	
Total charge-offs	(189	)	 	(585	)	 	(396	)	 	(68	)	 	(695	)	 	(1,445	)	 	(750	)	 	(52	)	
Recoveries:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial	13		 	55		 	(42	)	 	(76	)	 	48		 	111		 	(63	)	 	(57	)	
Residential	21		 	10		 	11		 	NM		 	67		 	21		 	46		 	NM		
Consumer	9		 	9		 	—		 	—		 	29		 	30		 	(1	)	 	(3	)	
Total recoveries	43		 	74		 	(31	)	 	(42	)	 	144		 	162		 	(18	)	 	(11	)	
Net charge-offs	(146	)	 	(511	)	 	(365	)	 	(71	)	 	(551	)	 	(1,283	)	 	(732	)	 	(57	)	
Allowance for credit losses - ending		$2,121		 		$2,289		 		($168	)	 	(7	)%	 		$2,121		 		$2,289		 		($168	)	 	(7	)%	
Components:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Allowance for loan and lease losses		$2,071		 		$2,239		 		($168	)	 	(8	)%	 	 	 	 	 			 			
Unfunded commitments reserve	50		 	50		 	—		 	—		 	 	 	 	 			 			
Allowance for credit losses		$2,121		 		$2,289		 		($168	)	 	(7	)%	 	 	 	 	 			 			
Net charge-offs to average loans (annualized):	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial	0.26	%	 	0.49	%	 	(0.23	)	 	(47	)%	 	0.29	%	 	0.55	%	 	(0.26	)	 	(47	)%	
Residential	0.82		 	3.63		 	(2.81	)	 	(77	)	 	1.14		 	2.85		 	(1.71	)	 	(60	)	
Consumer	0.39		 	0.46		 	(0.07	)	 	(15	)	 	0.41		 	0.44		 	(0.03	)	 	(7	)	
Total net charge-offs to total average loans	0.47	%	 	1.64	%	 	(1.17	)	 	(71	)%	 	0.61	%	 	1.39	%	 	(0.78	)	 	(56	)%	
Period Ended	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Nonaccrual/nonperforming loans:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial		$275		 		$482		 		($207	)	 	(43	)%	 	 	 	 	 	 	 	 	
Residential	752		 	1,225		 	(473	)	 	(39	)	 	 	 	 	 	 	 	 	
Consumer	10		 	24		 	(14	)	 	(58	)	 	 	 	 	 	 	 	 	
Total nonaccrual/nonperforming loans	1,037		 	1,731		 	(694	)	 	(40	)	 	 	 	 	 	 	 	 	
Other real estate owned (“OREO”)	196		 	304		 	(108	)	 	(36	)	 	 	 	 	 	 	 	 	
Other repossessed assets	9		 	10		 	(1	)	 	(10	)	 	 	 	 	 	 	 	 	
Nonperforming loans held for sale ("LHFS")	59		 	40		 	19		 	48		 	 	 	 	 	 	 	 	
Total nonperforming assets		$1,301		 		$2,085		 		($784	)	 	(38	)%	 	 	 	 	 	 	 	 	
Accruing restructured loans		$2,744		 		$2,640		 		$104		 	4	%	 	 	 	 	 	 	 	 	
Nonaccruing restructured loans	406		 	482		 	(76	)	 	(16	)	 	 	 	 	 	 	 	 	
Accruing loans past due > 90 days (guaranteed)	1,108		 	1,041		 	67		 	6		 	 	 	 	 	 	 	 	
Accruing loans past due > 90 days (non-guaranteed)	55		 	63		 	(8	)	 	(13	)	 	 	 	 	 	 	 	 	
Accruing LHFS past due > 90 days	—		 	1,127		 	(1,127	)	 	(100	)	 	 	 	 	 	 	 	 	
Nonperforming loans to total loans	0.83	%	 	1.42	%	 	(0.59	)	 	(42	)%	 	 	 	 	 	 	 	 	
Nonperforming assets to total loans plus OREO,
other repossessed assets, and nonperforming LHFS	1.04		 	1.71		 	(0.67	)	 	(39	)	 	 	 	 	 	 	 	 	
Allowance to period-end loans 1,2	1.67		 	1.84		 	(0.17	)	 	(9	)	 	 	 	 	 	 	 	 	
Allowance to period-end loans, excluding government guaranteed loans 1,2,3	1.80		 	2.02		 	(0.22	)	 	(11	)	 	 	 	 	 	 	 	 	
Allowance to nonperforming loans 1,2	201		 	130		 	71		 	55		 	 	 	 	 	 	 	 	
Allowance to annualized net charge-offs 1	3.58x		 	1.10x		 	2.48x		 	NM		 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
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 reconciliation of non-GAAP performance measures.
4 "NM" - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

19

	
																											
SunTrust Banks, Inc. and Subsidiaries
FIVE QUARTER OTHER FINANCIAL DATA
(Dollars in millions) (Unaudited)	
 	Three Months Ended	
 	September 30	 	June 30	 	Increase/(Decrease)	 	March 31	 	December 31	 	September 30	
 	2013	 	2013	 	Amount	 	% 4	 	2013	 	2012	 	2012	
CREDIT DATA	 	 	 	 	 	 	 	 	 	 	 	 	 	
Allowance for credit losses - beginning		$2,172		 		$2,205		 		($33	)	 	(1	)%	 		$2,219		 		$2,289		 		$2,350		
Provision/(benefit) for unfunded commitments	3		 	(6	)	 	9		 	NM		 	8		 	(5	)	 	—		
Provision for loan losses:	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial	78		 	42		 	36		 	86		 	64		 	27		 	127		
Residential	(7	)	 	78		 	(85	)	 	NM		 	112		 	274		 	300		
Consumer	21		 	32		 	(11	)	 	(34	)	 	28		 	32		 	23		
Total provision for loan losses	92		 	152		 	(60	)	 	(39	)	 	204		 	333		 	450		
Charge-offs:	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial	(52	)	 	(64	)	 	(12	)	 	(19	)	 	(60	)	 	(111	)	 	(126	)	
Residential	(109	)	 	(143	)	 	(34	)	 	(24	)	 	(178	)	 	(315	)	 	(425	)	
Consumer	(28	)	 	(26	)	 	2		 	8		 	(35	)	 	(36	)	 	(34	)	
Total charge-offs	(189	)	 	(233	)	 	(44	)	 	(19	)	 	(273	)	 	(462	)	 	(585	)	
Recoveries:	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial	13		 	20		 	(7	)	 	(35	)	 	15		 	43		 	55		
Residential	21		 	24		 	(3	)	 	(13	)	 	22		 	10		 	10		
Consumer	9		 	10		 	(1	)	 	(10	)	 	10		 	11		 	9		
Total recoveries	43		 	54		 	(11	)	 	(20	)	 	47		 	64		 	74		
Net charge-offs	(146	)	 	(179	)	 	(33	)	 	(18	)	 	(226	)	 	(398	)	 	(511	)	
Allowance for credit losses - ending		$2,121		 		$2,172		 		($51	)	 	(2	)%	 		$2,205		 		$2,219		 		$2,289		
Components:	 	 	 	 	 	 	 	 	 	 	 	 	 	
Allowance for loan and lease losses		$2,071		 		$2,125		 		($54	)	 	(3	)%	 		$2,152		 		$2,174		 		$2,239		
Unfunded commitments reserve	50		 	47		 	3		 	6		 	53		 	45		 	50		
Allowance for credit losses		$2,121		 		$2,172		 		($51	)	 	(2	)%	 		$2,205		 		$2,219		 		$2,289		
Net charge-offs to average loans (annualized):	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial	0.26	%	 	0.29	%	 	(0.03	)	 	(10	)%	 	0.32	%	 	0.46	%	 	0.49	%	
Residential	0.82		 	1.13		 	(0.31	)	 	(27	)	 	1.48		 	2.75		 	3.63		
Consumer	0.39		 	0.34		 	0.05		 	15		 	0.52		 	0.53		 	0.46		
Total net charge-offs to total average loans	0.47	%	 	0.59	%	 	(0.12	)	 	(20	)%	 	0.76	%	 	1.30	%	 	1.64	%	
Period Ended	 	 	 	 	 	 	 	 	 	 	 	 	 	
Nonaccrual/nonperforming loans:	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial		$275		 		$304		 		($29	)	 	(10	)%	 		$289		 		$294		 		$482		
Residential	752		 	825		 	(73	)	 	(9	)	 	1,157		 	1,228		 	1,225		
Consumer	10		 	12		 	(2	)	 	(17	)	 	21		 	25		 	24		
Total nonaccrual/nonperforming loans	1,037		 	1,141		 	(104	)	 	(9	)	 	1,467		 	1,547		 	1,731		
OREO	196		 	198		 	(2	)	 	(1	)	 	223		 	264		 	304		
Other repossessed assets	9		 	8		 	1		 	13		 	9		 	9		 	10		
Nonperforming LHFS	59		 	48		 	11		 	23		 	41		 	37		 	40		
Total nonperforming assets		$1,301		 		$1,395		 		($94	)	 	(7	)%	 		$1,740		 		$1,857		 		$2,085		
Accruing restructured loans		$2,744		 		$2,781		 		($37	)	 	(1	)%	 		$2,499		 		$2,501		 		$2,640		
Nonaccruing restructured loans	406		 	415		 	(9	)	 	(2	)	 	655		 	639		 	482		
Accruing loans past due > 90 days (guaranteed)	1,108		 	958		 	150		 	16		 	767		 	722		 	1,041		
Accruing loans past due > 90 days (non-guaranteed)	55		 	47		 	8		 	17		 	56		 	60		 	63		
Accruing LHFS past due > 90 days	—		 	1		 	(1	)	 	(100	)	 	2		 	1		 	1,127		
Nonperforming loans to total loans	0.83	%	 	0.94	%	 	(0.11	)	 	(12	)%	 	1.21	%	 	1.27	%	 	1.42	%	
Nonperforming assets to total loans plus OREO,
other repossessed assets, and nonperforming LHFS	1.04		 	1.14		 	(0.10	)	 	(9	)	 	1.44		 	1.52		 	1.71		
Allowance to period-end loans 1,2	1.67		 	1.75		 	(0.08	)	 	(5	)	 	1.79		 	1.80		 	1.84		
Allowance to period-end loans, excluding government guaranteed loans 1,2,3	1.80		 	1.89		 	(0.09	)	 	(5	)	 	1.93		 	1.95		 	2.02		
Allowance to nonperforming loans 1,2	201		 	188		 	13		 	7		 	148		 	142		 	130		
Allowance to annualized net charge-offs 1	3.58x		 	2.97x		 	0.61x		 	21		 	2.34x		 	1.37x		 	1.10x		
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
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 reconciliation of non-GAAP performance measures.
4 "NM" - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

20

	
																																
SunTrust Banks, Inc. and Subsidiaries
OTHER FINANCIAL DATA, continued
(Dollars in millions) (Unaudited)	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Three Months Ended September 30	 	Nine Months Ended September 30	
 	Core Deposit  
Intangibles	 	 MSRs -
Fair Value	 	Other	 	Total	 	Core Deposit  
Intangibles	 	 MSRs -
Fair Value	 	Other	 	Total	
OTHER INTANGIBLE ASSET ROLLFORWARD	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Balance, beginning of period		$27		 		$865		 		$47		 		$939		 		$38		 		$921		 		$58		 		$1,017		
Amortization	(6	)	 	—		 	(3	)	 	(9	)	 	(17	)	 	—		 	(14	)	 	(31	)	
Mortgage servicing rights (“MSRs”) originated	—		 	83		 	—		 	83		 	—		 	244		 	—		 	244		
Fair value changes due to inputs and assumptions	—		 	(55	)	 	—		 	(55	)	 	—		 	(157	)	 	—		 	(157	)	
Other changes in fair value	—		 	(61	)	 	—		 	(61	)	 	—		 	(173	)	 	—		 	(173	)	
Sale of MSRs	—		 	(1	)	 	—		 	(1	)	 	—		 	(4	)	 	—		 	(4	)	
Balance, September 30, 2012		$21		 		$831		 		$44		 		$896		 		$21		 		$831		 		$44		 		$896		
Balance, beginning of period		$10		 		$1,199		 		$35		 		$1,244		 		$17		 		$899		 		$40		 		$956		
Amortization	(3	)	 	—		 	(3	)	 	(6	)	 	(10	)	 	—		 	(8	)	 	(18	)	
MSRs originated	—		 	99		 	—		 	99		 	—		 	302		 	—		 	302		
Fair value changes due to inputs and assumptions	—		 	10		 	—		 	10		 	—		 	260		 	—		 	260		
Other changes in fair value	—		 	(60	)	 	—		 	(60	)	 	—		 	(212	)	 	—		 	(212	)	
Sale of MSRs	—		 	—		 	—		 	—		 	—		 	(1	)	 	—		 	(1	)	
Balance, September 30, 2013		$7		 		$1,248		 		$32		 		$1,287		 		$7		 		$1,248		 		$32		 		$1,287		

	
															
 	Three Months Ended	
 	September 30	 	June 30	 	March 31	 	December 31	 	September 30	
 	2013	 	2013	 	2013	 	2012	 	2012	
COMMON SHARE ROLLFORWARD (000’s)	 	 	 	 	 	 	 	 	 	
Balance, beginning of period	538,653		 	540,187		 	538,959		 	538,821		 	538,398		
Common shares issued/(exchanged) for employee benefit plans, stock option, and restricted stock activity	325		 	130		 	1,228		 	138		 	423		
Repurchase of common stock	(1,429	)	 	(1,664	)	 	—		 	—		 	—		
Balance, end of period	537,549		 	538,653		 	540,187		 	538,959		 	538,821		

21

	
																												
SunTrust Banks, Inc. and Subsidiaries
RECONCILEMENT OF NON-GAAP MEASURES
APPENDIX A TO THE EARNINGS RELEASE
(Dollars in millions, except per share data) (Unaudited)	 	 	
 	Three Months Ended	 	Nine Months Ended	
 	September 30	 	June 30	 	March 31	 	December 31	 	September 30	 	September 30	 	September 30	
 	2013	 	2013	 	2013	 	2012	 	2012	 	2013	 	2012	
NON-GAAP MEASURES PRESENTED IN THE EARNINGS RELEASE   1	 	 	 	 	
Net interest income		$1,208		 		$1,211		 		$1,221		 		$1,246		 		$1,271		 		$3,640		 		$3,856		
Taxable-equivalent adjustment	32		 	31		 	30		 	30		 	30		 	93		 	93		
Net interest income - FTE	1,240		 	1,242		 	1,251		 	1,276		 	1,301		 	3,733		 	3,949		
Noninterest income	680		 	858		 	863		 	1,015		 	2,542		 	2,401		 	4,358		
Total revenue - FTE	1,920		 	2,100		 	2,114		 	2,291		 	3,843		 	6,134		 	8,307		
Securities gains, net	—		 	—		 	(2	)	 	(1	)	 	(1,941	)	 	(2	)	 	(1,973	)	
Total revenue - FTE excluding net securities gains 2		$1,920		 		$2,100		 		$2,112		 		$2,290		 		$1,902		 		$6,132		 		$6,334		
Noninterest income		$680		 		$858		 		$863		 		$1,015		 		$2,542		 		$2,401				$4,358		
Securities gains, net	—		 	—		 	(2	)	 	(1	)	 	(1,941	)	 	(2	)		(1,973	)	
Noninterest income excluding net securities gains 2		$680		 		$858		 		$861		 		$1,014		 		$601		 		$2,399				$2,385		
Return on average common shareholders’ equity	3.49	 %	 	7.12	 %	 	6.77	 %	 	6.86	 %	 	20.84	 %	 	5.79	 %	 	10.47	 %	
Effect of removing average intangible assets, excluding MSRs	1.61		 	3.23		 	3.11		 	3.18		 	9.67		 	2.65		 	4.90		
Return on average tangible common shareholders' equity 3	5.10	%	 	10.35	%	 	9.88	%	 	10.04	%	 	30.51	%	 	8.44	%	 	15.37	%	
Efficiency ratio 4	90.77	%	 	66.56	%	 	64.46	%	 	65.93	%	 	44.90	%	 	73.41	%	 	57.94	%	
Impact of excluding amortization of intangible assets	(0.31	)	 	(0.29	)	 	(0.29	)	 	(0.30	)	 	(0.43	)	 	(0.29	)	 	(0.46	)	
Tangible efficiency ratio 5	90.46	%	 	66.27	%	 	64.17	%	 	65.63	%	 	44.47	%	 	73.12	%	 	57.48	%	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	September 30	 	June 30	 	March 31	 	December 31	 	September 30	 	 	 	 	
 	2013	 	2013	 	2013	 	2012	 	2012	 	 	 	 	
Total shareholders' equity		$21,070		 		$21,007		 		$21,194		 		$20,985		 		$20,399		 	 	 	 	
Goodwill, net of deferred taxes of $180 million, $174 million, $169 million, $163 million, and $159 million, respectively	(6,189	)	 	(6,195	)	 	(6,200	)	 	(6,206	)	 	(6,210	)	 	 	 	 	
Other intangible assets, net of deferred taxes of $2 million, $4 million, $5 million, $7 million, and $8 million, respectively, and MSRs	(1,285	)	 	(1,240	)	 	(1,071	)	 	(949	)	 	(888	)	 	 	 	 	
MSRs	1,248		 	1,199		 	1,025		 	899		 	831		 	 	 	 	
Tangible equity	14,844		 	14,771		 	14,948		 	14,729		 	14,132		 	 	 	 	
Preferred stock	(725	)	 	(725	)	 	(725	)	 	(725	)	 	(275	)	 	 	 	 	
Tangible common equity		$14,119		 		$14,046		 		$14,223		 		$14,004		 		$13,857		 	 	 	 	
Total assets		$171,777		 		$171,546		 		$172,435		 		$173,442		 		$173,181		 	 	 	 	
Goodwill	(6,369	)	 	(6,369	)	 	(6,369	)	 	(6,369	)	 	(6,369	)	 	 	 	 	
Other intangible assets including MSRs	(1,287	)	 	(1,244	)	 	(1,076	)	 	(956	)	 	(896	)	 	 	 	 	
MSRs	1,248		 	1,199		 	1,025		 	899		 	831		 	 	 	 	
Tangible assets		$165,369		 		$165,132		 		$166,015		 		$167,016		 		$166,747		 	 	 	 	
Tangible equity to tangible assets 6	8.98	%	 	8.95	%	 	9.00	%	 	8.82	%	 	8.48	%	 	 	 	 	
Tangible book value per common share 7		$26.27		 		$26.08		 		$26.33		 		$25.98		 		$25.72		 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total loans		$124,340		 		$122,031		 		$120,804		 		$121,470		 		$121,817		 	 	 	 	
Government guaranteed loans	(9,016	)	 	(9,053	)	 	(9,205	)	 	(9,609	)	 	(10,646	)	 	 	 	 	
Loans held at fair value	(316	)	 	(339	)	 	(360	)	 	(379	)	 	(390	)	 	 	 	 	
Total loans, excluding government guaranteed and fair value loans		$115,008		 		$112,639		 		$111,239		 		$111,482		 		$110,781		 	 	 	 	
Allowance to total loans, excluding government guaranteed and fair value loans 8	1.80	%	 	1.89	%	 	1.93	%	 	1.95	%	 	2.02	%	 	 	 	 	

22

	
																
SunTrust Banks, Inc. and Subsidiaries
RECONCILEMENT OF NON-GAAP MEASURES
APPENDIX A TO THE EARNINGS RELEASE, continued
(Dollars in millions, except per share data) (Unaudited)	 	 	 	 	 	 	
 	Three Months Ended	 	Nine Months Ended	
 	September 30	 	September 30	 	September 30	 	September 30	
 	2013	 	2012	 	2013	 	2012	
NON-GAAP MEASURES PRESENTED IN THE EARNINGS RELEASE   1	
Net income available to common shareholders		$179				$1,066		 		$884		 		$1,581		
Items announced during the quarter on Form 8-K:				 		 		
Operating losses related to settlement of certain legal matters	323			—		 	323		 	—		
Mortgage repurchase provision related to repurchase settlements	63			—		 	63		 	—		
Provision for unrecoverable servicing advances	96			—		 	96		 	—		
Securities gains related to sale of The Coca-Cola Company stock	—			(1,938	)	 	—		 	(1,938	)	
Mortgage repurchase provision	—			371		 	—		 	371		
Charitable expense related to The Coca-Cola Company stock contribution	—			38		 	—		 	38		
Provision for credit losses related to nonperforming loan sales	—			172		 	—		 	172		
Losses on sale of guaranteed loans	—			92		 	—		 	92		
Valuation losses related to planned sale of Affordable Housing investments	—			96		 	—		 	96		
Tax (benefit)/expense related to above items	(190	)		417		 	(190	)	 	417		
Net tax benefit related to subsidiary reorganization and other	(113	)		—		 	(113	)	 	—		
Net income available to common shareholders, excluding 8-K items announced during the quarter 9		$358				$314		 		$1,063		 		$829		
 	 	 	 	 	 	 	 	
Net income per average common share, diluted		$0.33		 		$1.98		 		$1.64		 		$2.94		
Impact of 8-K items announced during the quarter	0.33		 	(1.40	)	 	0.33		 	(1.40	)	
Net income per average common diluted share, excluding 8-K items announced during the quarter 9		$0.66		 		$0.58		 		$1.97		 		$1.54		
 	 	 	 	 	 	 	 	
1 Certain amounts in this schedule are presented net of applicable income taxes, which are calculated based on each subsidiary’s federal and state tax rates and laws. In general, the federal marginal tax rate is 35%, but the state marginal tax rates range from 1% to 8% in accordance with the subsidiary’s income tax filing requirements with various tax authorities. In addition, the effective tax rate may differ from the federal and state marginal tax rates in certain cases where a permanent difference exists.
2 SunTrust presents total revenue - FTE excluding net securities gains and noninterest income excluding net securities gains. The Company believes noninterest income without net securities gains is more indicative of the Company’s performance because it isolates income that is primarily client relationship and client transaction driven and is more indicative of normalized operations.
3 SunTrust presents return on average tangible common shareholders' equity to exclude intangible assets, except for MSRs. The Company believes this measure is useful to investors because, by removing the effect of intangible assets, except for MSRs, (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 who present a similar measure. The Company also believes that removing intangible assets, except for MSRs, is a more relevant measure of the return on the Company's common shareholders' equity.
4 Computed by dividing noninterest expense by total revenue - FTE. 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.
5 SunTrust presents a tangible efficiency ratio which excludes the amortization of intangible assets other than MSRs. The Company believes this measure is useful to investors because, by removing the effect of these intangible asset costs (the level of which may vary from company to company), it allows investors to more easily compare the Company’s efficiency to other companies in the industry. This measure is utilized by management to assess the efficiency of the Company and its lines of business.
6 SunTrust presents a tangible equity to tangible assets ratio that excludes the after-tax impact of purchase accounting intangible assets. The Company believes this measure is 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. This measure is used by management to analyze capital adequacy.
7 SunTrust presents a tangible book value per common share that excludes the after-tax impact of purchase accounting intangible assets and also excludes preferred stock from tangible equity. The Company believes this measure is useful to investors because, by removing the effect of intangible assets that result from merger and acquisition activity as well as preferred stock (the level of which may vary from company to company), it allows investors to more easily compare the Company’s book value on common stock to other companies in the industry.
8 SunTrust presents a ratio of allowance to total loans, 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 that are covered by it.
9 SunTrust presents net income available to common shareholders and net income per average common diluted share excluding items previously announced during the quarter on Form 8-K. The Company believes this measure is useful to investors because it removes the effect of material items impacting the quarter's results allowing a more useful comparison to other quarters' results that did not have a similar impact. Removing these items also allows investors to compare the Company's results to other companies in the industry that may not have had similar items impacting their results. Additional detail on the items can be found in Form 8-K filed with the SEC on October 10, 2013 and September 6, 2012.

23

	
																						
SunTrust Banks, Inc. and Subsidiaries
CONSUMER BANKING AND PRIVATE WEALTH MANAGEMENT
(Dollars in millions) (Unaudited)	
 	Three Months Ended September 30 1	 	Nine Months Ended September 30 1	
 	2013	 	2012	 	% Change  2	 	2013	 	2012	 	% Change	
Statements of Income:	 	 	 	 	 	 	 	 	 	 	 	
     Net interest income  3		$653		 		$691		 	(5	)%	 		$1,950		 		$2,057		 	(5	)%	
FTE adjustment	—		 	—		 	—		 	—		 	—		 	—		
Net interest income - FTE	653		 	691		 	(5	)	 	1,950		 	2,057		 	(5	)	
     Provision for credit losses  4	79		 	172		 	(54	)	 	286		 	464		 	(38	)	
Net interest income - FTE - after provision for credit losses	574		 	519		 	11		 	1,664		 	1,593		 	4		
Noninterest income before securities gains/(losses)	379		 	356		 	6		 	1,107		 	1,115		 	(1	)	
Securities gains/(losses), net	—		 	—		 	—		 	—		 	—		 	—		
Total noninterest income	379		 	356		 	6		 	1,107		 	1,115		 	(1	)	
Noninterest expense before amortization/impairment of intangible assets/goodwill	684		 	757		 	(10	)	 	2,066		 	2,251		 	(8	)	
Amortization/impairment of intangible assets/goodwill	5		 	16		 	(69	)	 	16		 	34		 	(53	)	
Total noninterest expense	689		 	773		 	(11	)	 	2,082		 	2,285		 	(9	)	
Income before provision for income taxes	264		 	102		 	NM		 	689		 	423		 	63		
Provision for income taxes	97		 	39		 	NM		 	253		 	155		 	63		
FTE adjustment	—		 	—		 	—		 	—		 	—		 	—		
Net income including income attributable to noncontrolling interest	167		 	63		 	NM		 	436		 	268		 	63		
Less: net income attributable to noncontrolling interest	—		 	—		 	—		 	—		 	—		 	—		
Net income		$167		 		$63		 	NM		 		$436		 		$268		 	63		
 	 	 	 	 	 	 	 	 	 	 	 	
Total revenue - FTE		$1,032		 		$1,047		 	(1	)	 		$3,057		 		$3,172		 	(4	)	
Selected Average Balances:	 	 	 	 	 	 	 	 	 	 	 	
Total loans		$40,484		 		$42,190		 	(4	)%	 		$40,316		 		$42,180		 	(4	)%	
Goodwill	4,262		 	3,962		 	8		 	4,064		 	3,942		 	3		
Other intangible assets excluding MSRs	30		 	55		 	(45	)	 	35		 	64		 	(45	)	
Total assets	45,532		 	47,053		 	(3	)	 	45,156		 	47,029		 	(4	)	
Consumer and commercial deposits	83,911		 	83,340		 	1		 	84,157		 	84,002		 	—		
Performance Ratios:	 	 	 	 	 	 	 	 	 	 	 	
Efficiency ratio	66.71	 %	 	73.82	 %	 	 	 	68.07	 %	 	72.06	 %	 	 	
Impact of excluding amortization of intangible assets	(2.32	)	 	(3.76	)	 	 	 	(2.39	)	 	(3.33	)	 	 	
Tangible efficiency ratio	64.39	 %	 	70.06	 %	 	 	 	65.68	 %	 	68.73	 %	 	 	
Other Information (End of Period): 5	 	 	 	 	 	 	 	 	 	 	 	
     Assets under administration	 	 	 	 	 	 	 	 	 	 	 	
Managed (discretionary) assets		$48,017		 		$54,657		 	(12	)%	 	 	 	 	 	 	
Non-managed assets	53,800		 	61,418		 	(12	)	 	 	 	 	 	 	
Total assets under administration	101,817		 	116,075		 	(12	)	 	 	 	 	 	 	
Brokerage assets	42,515		 	39,102		 	9		 	 	 	 	 	 	
Total assets under advisement		$144,332		 		$155,177		 	(7	)	 	 	 	 	 	 	

1  	Prior year results have been restated to include the effect of moving small business banking from Wholesale Banking to Consumer Banking and Private Wealth Management during the second quarter of 2013.	
		
2  	"NM" - Not meaningful. Those changes over 100 percent were not considered to be meaningful.	
		
3  	Net interest income does not include the funding benefit that would result from holding shareholders’ equity at the line of business level due to the fact that shareholders' equity is not allocated to the lines of business at this time.	
		
4  	Provision for credit losses represents net charge-offs for the lines of business.	
		
5  	Reflects the assets under administration/advisement for GenSpring and Private Wealth Management clients and includes a reclassification of $12.0 billion from Managed to Non-managed assets in the prior year related to a change in investment management responsibilities for certain clients, as well as a reclassification of certain assets based on a revised methodology for classifying assets under administration.	

24

	
																						
SunTrust Banks, Inc. and Subsidiaries
WHOLESALE BANKING
(Dollars in millions) (Unaudited)	
 	Three Months Ended September 30 1	 	Nine Months Ended September 30 1	
 	2013	 	2012	 	% Change  2	 	2013	 	2012	 	% Change 2	
Statements of Income:	 	 	 	 	 	 	 	 	 	 	 	
     Net interest income 3		$401		 		$386		 	4	 %	 		$1,190		 		$1,133		 	5	 %	
FTE adjustment	31		 	29		 	7		 	90		 	90		 	—		
Net interest income - FTE	432		 	415		 	4		 	1,280		 	1,223		 	5		
     Provision for credit losses 4	21		 	69		 	(70	)	 	67		 	217		 	(69	)	
Net interest income - FTE - after provision for credit losses	411		 	346		 	19		 	1,213		 	1,006		 	21		
Noninterest income before securities gains/(losses)	294		 	354		 	(17	)	 	934		 	1,020		 	(8	)	
Securities gains/(losses), net	—		 	—		 	—		 	—		 	—		 	—		
Total noninterest income	294		 	354		 	(17	)	 	934		 	1,020		 	(8	)	
Noninterest expense before amortization of intangible assets	427		 	517		 	(17	)	 	1,222		 	1,427		 	(14	)	
Amortization of intangible assets	1		 	1		 	—		 	2		 	2		 	—		
Total noninterest expense	428		 	518		 	(17	)	 	1,224		 	1,429		 	(14	)	
Income - FTE - before provision for income taxes	277		 	182		 	52		 	923		 	597		 	55		
Provision for income taxes	50		 	18		 	NM		 	191		 	69		 	NM		
FTE adjustment	31		 	29		 	7		 	90		 	90		 	—		
Net income including income attributable to noncontrolling interest	196		 	135		 	45		 	642		 	438		 	47		
Less: net income attributable to noncontrolling interest	2		 	7		 	(71	)	 	7		 	14		 	(50	)	
Net income		$194		 		$128		 	52		 		$635		 		$424		 	50		
 	 	 	 	 	 	 	 	 	 	 	 	
Total revenue - FTE		$726		 		$769		 	(6	)	 		$2,214		 		$2,243		 	(1	)	
Selected Average Balances:	 	 	 	 	 	 	 	 	 	 	 	
Total loans		$54,230		 		$51,369		 	6	 %	 		$53,458		 		$50,424		 	6	 %	
Goodwill	2,107		 	2,414		 	(13	)	 	2,305		 	2,414		 	(5	)	
Other intangible assets excluding MSRs	11		 	14		 	(21	)	 	12		 	15		 	(20	)	
Total assets	66,552		 	64,605		 	3		 	66,307		 	63,831		 	4		
Consumer and commercial deposits	39,515		 	38,139		 	4		 	39,318		 	38,131		 	3		
Performance Ratios:	 	 	 	 	 	 	 	 	 	 	 	
Efficiency ratio	58.93	 %	 	67.60	 %	 	 	 	55.30	 %	 	63.72	 %	 	 	
Impact of excluding amortization of intangible assets	(1.24	)	 	(1.83	)	 	 	 	(1.30	)	 	(1.88	)	 	 	
Tangible efficiency ratio	57.69	 %	 	65.77	 %	 	 	 	54.00	 %	 	61.84	 %	 	 	
Other Information (End of Period): 5	 	 	 	 	 	 	 	 	 	 	 	
Managed (discretionary) assets under administration		$45,036		 		$41,710		 	8	 %	 	 	 	 	 	 	
Non-managed assets	—		 	—		 	—		 	 	 	 	 	 	
Total assets under administration	45,036		 	41,710		 	8		 	 	 	 	 	 	
Total assets under advisement		$45,036		 		$41,710		 	8		 	 	 	 	 	 	

1  	Prior year results have been restated to include the effect of moving small business banking from Wholesale Banking to Consumer Banking and Private Wealth Management during the second quarter of 2013.	
		
2  	“NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.	
		
3  	Net interest income does not include the funding benefit that would result from holding shareholders’ equity at the line of business level due to the fact that shareholders' equity is not allocated to the lines of business at this time.	
		
4  	Provision for credit losses represents net charge-offs for the lines of business.	
		
5  	Reflects the assets under administration for Ridgeworth clients.	

25

	
																						
SunTrust Banks, Inc. and Subsidiaries
MORTGAGE BANKING
(Dollars in millions) (Unaudited)	
 	Three Months Ended September 30	 	Nine Months Ended September 30	
 	2013	 	2012	 	% Change  1	 	2013	 	2012	 	% Change  1	
Statements of Income:	 	 	 	 	 	 	 	 	 	 	 	
Net interest income 2		$140		 		$129		 	9	 %	 		$409		 		$387		 	6	 %	
FTE adjustment	—		 	—		 	—		 	—		 	—		 	—		
Net interest income - FTE	140		 	129		 	9		 	409		 	387		 	6		
Provision for credit losses 3	45		 	270		 	(83	)	 	197		 	602		 	(67	)	
Net interest income/(loss) - FTE - after provision for credit losses	95		 	(141	)	 	NM		 	212		 	(215	)	 	NM		
Noninterest income before securities gains/(losses)	(1	)	 	(75	)	 	(99	)	 	328		 	261		 	26		
Securities gains/(losses), net	—		 	—		 	—		 	—		 	—		 	—		
Total noninterest income	(1	)	 	(75	)	 	(99	)	 	328		 	261		 	26		
Noninterest expense before amortization of intangible assets	638		 	368		 	73		 	1,247		 	1,045		 	19		
Amortization of intangible assets	—		 	—		 	—		 	—		 	—		 	—		
Total noninterest expense	638		 	368		 	73		 	1,247		 	1,045		 	19		
Loss before benefit for income taxes	(544	)	 	(584	)	 	(7	)	 	(707	)	 	(999	)	 	(29	)	
Benefit for income taxes	(139	)	 	(200	)	 	(31	)	 	(206	)	 	(369	)	 	(44	)	
FTE adjustment	—		 	—		 	—		 	—		 	—		 	—		
Net loss including income attributable to noncontrolling interest	(405	)	 	(384	)	 	5		 	(501	)	 	(630	)	 	(20	)	
Less: net income attributable to noncontrolling interest	—		 	—		 	—		 	—		 	—		 	—		
Net loss		($405	)	 		($384	)	 	5		 		($501	)	 		($630	)	 	(20	)	
 	 	 	 	 	 	 	 	 	 	 	 	
Total revenue - FTE		$139		 		$54		 	NM		 		$737		 		$648		 	14		
Selected Average Balances:	 	 	 	 	 	 	 	 	 	 	 	
Total loans		$27,921		 		$30,467		 	(8	)%	 		$27,830		 		$30,690		 	(9	)%	
Goodwill	—		 	—		 	—		 	—		 	—		 	—		
Other intangible assets excluding MSRs	—		 	—		 	—		 	—		 	—		 	—		
Total assets	33,025		 	35,372		 	(7	)	 	32,973		 	35,464		 	(7	)	
Consumer and commercial deposits	3,247		 	3,938		 	(18	)	 	3,501		 	3,571		 	(2	)	
Performance Ratios:	 	 	 	 	 	 	 	 	 	 	 	
Efficiency ratio	456.41	%	 	672.85	%	 	 	 	169.25	%	 	161.23	%	 	 	
Impact of excluding amortization of intangible assets	—		 	—		 	 	 	—		 	—		 	 	
Tangible efficiency ratio	456.41	%	 	672.85	%	 	 	 	169.25	%	 	161.23	%	 	 	
Other Information:	 	 	 	 	 	 	 	 	 	 	 	
Production Data	 	 	 	 	 	 	 	 	 	 	 	
Channel mix	 	 	 	 	 	 	 	 	 	 	 	
Retail		$4,434		 		$4,329		 	2	 %	 		$14,068		 		$12,881		 	9	 %	
Wholesale	739		 	1,472		 	(50	)	 	3,032		 	4,133		 	(27	)	
Correspondent	2,822		 	2,331		 	21		 	8,826		 	7,041		 	25		
Total production		$7,995		 		$8,132		 	(2	)	 		$25,926		 		$24,055		 	8		
Channel mix - percent	 	 	 	 	 	 	 	 	 	 	 	
Retail	56	%	 	53	%	 	 	 	54	%	 	54	%	 	 	
Wholesale	9		 	18		 	 	 	12		 	17		 	 	
Correspondent	35		 	29		 	 	 	34		 	29		 	 	
Total production	100	%	 	100	%	 	 	 	100	%	 	100	%	 	 	
Purchase and refinance mix	 	 	 	 	 	 	 	 	 	 	 	
Refinance		$4,334		 		$5,647		 	(23	)	 		$17,421		 		$16,730		 	4		
Purchase	3,661		 	2,485		 	47		 	8,505		 	7,325		 	16		
Total production		$7,995		 		$8,132		 	(2	)	 		$25,926		 		$24,055		 	8		
Purchase and refinance mix - percent	 	 	 	 	 	 	 	 	 	 	 	
Refinance	54	%	 	69	%	 	 	 	67	%	 	70	%	 	 	
Purchase	46		 	31		 	 	 	33		 	30		 	 	
Total production	100	%	 	100	%	 	 	 	100	%	 	100	%	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	
Applications		$7,116		 		$12,696		 	(44	)	 		$32,228		 		$40,003		 	(19	)	
Mortgage Servicing Data (End of Period):	 	 	 	 	 	 	 	 	 	 	 	
Total loans serviced		$139,710		 		$149,721		 	(7	)%	 	 	 	 	 	 	
Total loans serviced for others	109,224		 	115,814		 	(6	)	 	 	 	 	 	 	
Net carrying value of MSRs	1,248		 	831		 	50		 	 	 	 	 	 	
Ratio of net carrying value of MSRs to total loans serviced for others	1.143	%	 	0.718	%	 			 	 	 	 	 	 	
		
1  	“NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.	
		
2  	Net interest income does not include the funding benefit that would result from holding shareholders’ equity at the line of business level due to the fact that shareholders' equity is not allocated to the lines of business at this time.	
3 Provision for credit losses represents net charge-offs for the lines of business.

26

	
																						
SunTrust Banks, Inc. and Subsidiaries
CORPORATE OTHER
(Dollars in millions) (Unaudited)	
 	Three Months Ended September 30	 	Nine Months Ended September 30	
 	2013	 	2012	 	% Change 1	 	2013	 	2012	 	% Change 1	
Statements of Income:	 	 	 	 	 	 	 	 	 	 	 	
   Net interest income		$14		 		$65		 	(78	)%	 		$91		 		$279		 	(67	)%	
FTE adjustment	1		 	1		 	—		 	3		 	3		 	—		
Net interest income - FTE	15		 	66		 	(77	)	 	94		 	282		 	(67	)	
   Provision for credit losses 2	(50	)	 	(61	)	 	(18	)	 	(97	)	 	(216	)	 	(55	)	
Net interest income - FTE - after provision for credit losses	65		 	127		 	(49	)	 	191		 	498		 	(62	)	
Noninterest income before securities gains/(losses)	8		 	(34	)	 	NM		 	30		 	(11	)	 	NM		
Securities gains/(losses), net	—		 	1,941		 	(100	)	 	2		 	1,973		 	(100	)	
   Total noninterest income	8		 	1,907		 	(100	)	 	32		 	1,962		 	(98	)	
Noninterest expense before amortization of intangible assets	(12	)	 	67		 	NM		 	(50	)	 	51		 	NM		
Amortization of intangible assets	—		 	—		 	—		 	—		 	3		 	(100	)	
   Total noninterest expense	(12	)	 	67		 	NM		 	(50	)	 	54		 	NM		
Income - FTE - before (benefit)/provision for income taxes	85		 	1,967		 	(96	)	 	273		 	2,406		 	(89	)	
(Benefit)/provision for income taxes	(154	)	 	694		 	NM		 	(87	)	 	855		 	NM		
FTE adjustment	1		 	1		 	—		 	3		 	3		 	—		
Net income including income attributable to noncontrolling interest	238		 	1,272		 	(81	)	 	357		 	1,548		 	(77	)	
Less: net income attributable to noncontrolling interest	5		 	2		 	NM		 	9		 	8		 	13		
Net income		$233		 		$1,270		 	(82	)	 		$348		 		$1,540		 	(77	)	
 	 	 	 	 	 	 	 	 	 	 	 	
Total revenue - FTE		$23		 		$1,973		 	(99	)	 		$126		 		$2,244		 	(94	)	
Selected Average Balances:
 	 	 	 	 	 	 	 	 	 	 	 	
Total loans		$37		 		$54		 	(31	)%	 		$45		 		$38		 	18	 %	
Securities available for sale	22,579		 	20,575		 	10		 	22,606		 	22,585		 	—		
Other intangible assets excluding MSRs	—		 	—		 	—		 	—		 	1		 	(100	)	
Total assets	26,729		 	28,252		 	(5	)	 	27,625		 	30,355		 	(9	)	
Consumer and commercial deposits	(55	)	 	(64	)	 	(14	)	 	(29	)	 	(12	)	 	NM		
Other Information:	 	 	 	 	 	 	 	 	 	 	 	
Duration of investment portfolio (in years)	4.1		 	1.8		 	 	 	 	 	 	 	 	
   Net interest income interest rate sensitivity:	 	 	 	 	 	 	 	 	 	 	 	
% Change in net interest income under:	 	 	 	 	 	 	 	 	 	 	 	
           Instantaneous 100 bp increase in rates over next 12 months	1.0	 %	 	2.4	 %	 	 	 	 	 	 	 	 	
           Instantaneous 200 bp increase in rates over next 12 months	1.7	 %	 	4.5	 %	 	 	 	 	 	 	 	 	
           Instantaneous 25 bp decrease in rates over next 12 months	(0.8	)%	 	(0.7	)%	 	 	 	 	 	 	 	 	

1  	“NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.	
		
2  	Provision for credit losses is the difference between net charge-offs recorded by the lines of business and consolidated provision for credit losses.	

27

SunTrust Banks, Inc. and Subsidiaries
CONSOLIDATED - SEGMENT TOTALS
(Dollars in millions) (Unaudited)

																						
 	Three Months Ended September 30	 	Nine Months Ended September 30	
 	2013	 	2012	 	% Change 1	 	2013	 	2012	 	% Change	
Statements of Income:	 	 	 	 	 	 	 	 	 	 	 	
Net interest income		$1,208		 		$1,271		 	(5	)%	 		$3,640		 		$3,856		 	(6	)%	
FTE adjustment	32		 	30		 	7		 	93		 	93		 	—		
Net interest income - FTE	1,240		 	1,301		 	(5	)	 	3,733		 	3,949		 	(5	)	
Provision for credit losses	95		 	450		 	(79	)	 	453		 	1,067		 	(58	)	
Net interest income - FTE - after provision for credit losses	1,145		 	851		 	35		 	3,280		 	2,882		 	14		
Noninterest income before securities gains/(losses)	680		 	601		 	13		 	2,399		 	2,385		 	1		
Securities gains/(losses), net	—		 	1,941		 	(100	)	 	2		 	1,973		 	(100	)	
Total noninterest income	680		 	2,542		 	(73	)	 	2,401		 	4,358		 	(45	)	
Noninterest expense before amortization/impairment of intangible assets/goodwill	1,737		 	1,709		 	2		 	4,485		 	4,774		 	(6	)	
Amortization/impairment of intangible assets/goodwill	6		 	17		 	(65	)	 	18		 	39		 	(54	)	
Total noninterest expense	1,743		 	1,726		 	1		 	4,503		 	4,813		 	(6	)	
Income - FTE - before (benefit)/provision for income taxes	82		 	1,667		 	(95	)	 	1,178		 	2,427		 	(51	)	
(Benefit)/provision for income taxes	(146	)	 	551		 	NM		 	151		 	710		 	(79	)	
FTE adjustment	32		 	30		 	7		 	93		 	93		 	—		
Net income including income attributable to noncontrolling interest	196		 	1,086		 	(82	)	 	934		 	1,624		 	(42	)	
Less: net income attributable to noncontrolling interest	7		 	9		 	(22	)	 	16		 	22		 	(27	)	
Net income		$189		 		$1,077		 	(82	)	 		$918		 		$1,602		 	(43	)	
 	 	 	 	 	 	 	 	 	 	 	 	
Total revenue - FTE		$1,920		 		$3,843		 	(50	)	 		$6,134		 		$8,307		 	(26	)	
Selected Average Balances:	 	 	 	 	 	 	 	 	 	 	 	
Total loans		$122,672		 		$124,080		 	(1	)%	 		$121,649		 		$123,332		 	(1	)%	
Goodwill	6,369		 	6,376		 	—		 	6,369		 	6,356		 	—		
Other intangible assets excluding MSRs	41		 	69		 	(41	)	 	47		 	80		 	(41	)	
Total assets	171,838		 	175,282		 	(2	)	 	172,061		 	176,679		 	(3	)	
Consumer and commercial deposits	126,618		 	125,353		 	1		 	126,947		 	125,692		 	1		
Performance Ratios:	 	 	 	 	 	 	 	 	 	 	 	
Efficiency ratio	90.77	 %	 	44.90	 %	 	 	 	73.41	 %	 	57.94	 %	 	 	
Impact of excluding amortization of intangible assets	(0.31	)	 	(0.43	)	 	 	 	(0.29	)	 	(0.46	)	 	 	
Tangible efficiency ratio	90.46	 %	 	44.47	 %	 	 	 	73.12	 %	 	57.48	 %	 	 	
Other Information (End of Period):	 	 	 	 	 	 	 	 	 	 	 	
     Assets under administration	 	 	 	 	 	 	 	 	 	 	 	
Managed (discretionary) assets		$93,053		 		$96,367		 	(3	)%	 	 	 	 	 	 	
Non-managed assets	53,800		 	61,418		 	(12	)	 	 	 	 	 	 	
Total assets under administration	146,853		 	157,785		 	(7	)	 	 	 	 	 	 	
Brokerage assets	42,515		 	39,102		 	9		 	 	 	 	 	 	
Total assets under advisement		$189,368		 		$196,887		 	(4	)	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	
1 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

28

3Q 2013 Earnings Release October 18, 2013

 

2 Important Cautionary Statement The following should be read in conjunction with the financial statements, notes and other information contained in the Company’s 2012 Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. 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. In this presentation, the Company presents net interest income and net interest margin on a fully taxable-equivalent (“FTE”) basis, and ratios on an annualized basis. The FTE basis adjusts for the tax-favored status of income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and provides relevant comparison between taxable and non-taxable amounts. This presentation may contain forward-looking statements. Statements regarding estimates of the after-tax financial impact of various legal and regulatory matters, forecasted swap income, and normalized noninterest expense are forward-looking statements. Statements regarding efficiency ratio goals and expected normalized levels of credit-related expenses and operating losses 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,” “goals,” “targets,” “initiatives,” “potentially,” “probably,” “projects,” “outlook” or similar expressions or future conditional verbs such as “may,” “will,” “should,” “would,” and “could.” Forward-looking statements are based upon the current beliefs and expectations of management and on information currently available to management. Our statements speak as of the date hereof, and we do not assume any obligation to update these statements or to update the reasons why actual results could differ from those contained in such statements in light of new information or future events. Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward- looking statements. The estimated financial impact of legal and regulatory matters depends upon (1) the successful negotiation, execution, and delivery of definitive agreements in several matters, (2) the ultimate resolution of certain legal matters which are not yet complete, (3) management’s assumptions about the extent to which such amounts may be deducted for tax purposes, (4) the agreement of other necessary parties, and (5) our assumptions about the extent to which we can provide consumer relief to satisfy our financial obligations as contemplated by the agreements in principle with regulators. 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, 2012 and in other periodic reports that we file with the SEC. Those factors include: our framework for managing risks may not be effective in mitigating risk and loss to us; as one of the largest lenders in the Southeast and Mid-Atlantic U.S. and a provider of financial products and services to consumers and businesses across the U.S., our financial results have been, and may continue to be, materially affected by general economic conditions, particularly unemployment levels and home prices in the U.S., 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; legislation and regulation, including the Dodd-Frank Act, as well as future legislation and/or regulation, could require us to change certain of our business practices, reduce our revenue, impose additional costs on us, or otherwise adversely affect our business operations and/or competitive position; we are subject to capital adequacy and liquidity guidelines and, if we fail to meet these guidelines, our financial condition would be adversely affected; loss of customer deposits and market illiquidity could increase our funding costs; we rely on the mortgage secondary market and GSEs for some of our liquidity; we are subject to credit risk; our ALLL may not be adequate to cover our eventual losses; we may have more credit risk and higher credit losses to the extent our loans are concentrated by loan type, industry segment, borrower type, or location of the borrower or collateral; we will realize future losses if the proceeds we receive upon liquidation of nonperforming assets are less than the carrying value of such assets; a downgrade in the U.S. government's sovereign credit rating, or in the credit ratings of instruments issued, insured or guaranteed by related institutions, agencies or instrumentalities, could result in risks to us and general economic conditions that we are not able to predict; the failure of the European Union to stabilize the fiscal condition and creditworthiness of its weaker member economies could have international implications potentially impacting global financial institutions, the financial markets, and the economic recovery underway in the U.S.; weakness in the real estate market, including the secondary residential mortgage loan markets, has adversely affected us and may continue to adversely affect us; 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, borrower fraud, or as a result of certain breaches of our servicing agreements, and this could harm our liquidity, results of operations, and financial condition; financial difficulties or credit downgrades of mortgage and bond insurers may adversely affect our servicing and investment portfolios; we may face certain risks as a servicer of loans, or also may be terminated as a servicer or master servicer, be required to repurchase a mortgage loan or reimburse investors for credit losses on a mortgage loan, or incur costs, liabilities, fines and other sanctions if we fail to satisfy our servicing obligations, including our obligations with respect to mortgage loan foreclosure actions; we are subject to risks related to delays in the foreclosure process; we may continue to suffer increased losses in our loan portfolio despite enhancement of our underwriting policies and practices; our mortgage production and servicing revenue can be volatile; as a financial services company, changes in general business or economic conditions could have a material adverse effect on our financial condition and results of operations; changes in market interest rates or capital markets could adversely affect our revenue and expense, the value of assets and obligations, and the availability and cost of capital and liquidity; changes in interest rates could also reduce the value of our MSRs and mortgages held for sale, reducing our earnings; changes which are being considered in the method for determining LIBOR may affect the value of debt securities and other financial obligations held or issued by SunTrust that are linked to LIBOR, or may affect the Company's financial condition or results of operations; the fiscal and monetary policies of the federal government and its agencies could have a material adverse effect on our earnings; depressed market values for our stock may require us to write down goodwill; clients could pursue alternatives to bank deposits, causing us to lose a relatively inexpensive source of funding; consumers 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; hurricanes and other disasters may adversely affect loan portfolios and operations and increase the cost of doing business; 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; 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; regulation by federal and state agencies could adversely affect the business, revenue, and profit margins; competition in the financial services industry is intense and could result in losing business or margin declines; maintaining or increasing market share depends on market acceptance and regulatory approval of new products and services; we might not pay dividends on your common stock; our ability to receive dividends from our subsidiaries could affect our liquidity and ability to pay dividends; disruptions in our ability to access global capital markets may adversely affect our capital resources and liquidity; 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 are subject to certain 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 from inadvertent or unintentional violations; 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 accounting policies and processes are critical to how we report our financial condition and results of operations, and they require management to make estimates about matters that are uncertain; changes in our accounting policies or in accounting standards could materially affect how we report our financial results and condition; our stock price can be volatile; our disclosure controls and procedures may not prevent or detect all errors or acts of fraud; our financial instruments carried at fair value expose us to certain market risks; our revenues derived from our investment securities may be volatile and subject to a variety of risks; and we may enter into transactions with off-balance sheet affiliates or our subsidiaries.

 

3 3Q 13 Summary Earnings • Net income available to common shareholders of $179 million; earnings per diluted share of $0.33 • As announced in the October 10, 2013 8-K, the resolution of certain legacy mortgage matters, alongside other discrete items, negatively impacted earnings by $179 million on an after-tax basis, or $0.33 per share • Excluding the above items, earnings were $358 million, or $0.66 per diluted share1 Revenue • Net interest income generally stable relative to prior quarter • Noninterest income declined from prior quarter, primarily due to lower mortgage production income Expenses • Adjusted expenses2 declined sequentially and were below $1.4 billion for the third consecutive quarter • Adjusted expenses2 down 14% from prior year Balance Sheet • Average performing loans increased 1.3% from prior quarter, with increases across most loan portfolios • Average deposits stable sequentially and increased modestly from prior year; favorable mix shift continued Credit and Capital • Nonperforming loans declined 9% from prior quarter and 40% from prior year • Net charge-off ratio declined 12 basis points to 0.47%, the lowest level since 3Q 07 • Tier 1 Common ratio 9.9% on Basel I basis and 9.7% on Basel III basis3 (estimated) 1. Please refer to page 19 of the appendix for a reconciliation 2. Please refer to page 30 of the appendix for expense adjustment detail. Reported expenses increased 25% sequentially and 1% from prior year 3. Please refer to page 32 of the appendix for a Basel I to Basel III reconciliation

 

4 Impact of October 10, 2013 8-K Items1 October 10, 2013 8-K Items 3Q 13 Impact - Increase/(Decrease) Noninterest Income (pre-tax) Noninterest Expense (pre-tax) Tax Benefit (after-tax) Settlement of Certain Legal Matters $323 operating losses Mortgage Repurchase Settlements with Fannie Mae and Freddie Mac ($63) mortgage production related income Mortgage Servicing Advances Allowance Increase $96 collection services (included in other noninterest expense) Tax Items ($113) provision for income taxes ($ in millions) 1. Additional detail on the specific items is available in SunTrust’s Form 8-K filed on October 10, 2013 8-K Items Negatively Impacted After-Tax Earnings by $179 Million, or $0.33 Per Diluted Share

 

5 $313 $350 $340 $365 $358 $753 ($179) $0.58 $0.65 $0.63 $0.68 $0.66 3Q 12 4Q 12 1Q 13 2Q 13 Net Income Available to Common (Ex 3Q 12 and 3Q 13 Items) 3Q 12 and 3Q 13 Items EPS (Ex 3Q 12 and 3Q 13 Items) Net Income Available To Common & Diluted EPS Prior Quarter Variance • Excluding 8-K items, EPS decreased by $0.02 → Lower mortgage production income was partially offset by reductions in provision for credit losses and adjusted expenses3 Prior Year Variance • Excluding 8-K and 3Q 12 significant items, EPS increased by $0.08, or 14% → Improvement driven by declines in adjusted noninterest expenses and provision for credit losses → Partially offset by a reduction in net interest income and mortgage related revenues4 ($ in millions, except EPS) 1. 3Q 12 reported EPS was $1.98 and reported net income available to common was $1,066 million. 3Q 12 core EPS was $0.58 and core net income available to common was $313 million. This excludes EPS of $1.40 and net income available to common of $753 million related to the actions announced in 3Q 12, including: the accelerated termination of the agreements regarding The Coca-Cola Company stock, the moves to HFS of certain residential NPLs, CRE NPLs, student loans, and GNMA loans, the mortgage repurchase provision, the charitable contribution of The Coca-Cola Company stock, and the Affordable Housing write-down. Please refer to page 20 of the appendix for further detail 2. 3Q 13 reported EPS was $0.33 and reported net income available to common was $179 million. 3Q 13 core EPS was $0.66 and core net income available to common was $358 million. This excludes EPS of ($0.33) and net income available to common of ($179) million related to the 8-K items announced on October 10, 2013, including: the resolution of specific legal matters, the incremental mortgage repurchase provision related to the GSE settlements, the servicing advances allowance increase, and certain tax matters. Please refer to page 19 of the appendix for further detail 3. Please refer to page 30 of the appendix for expense adjustment detail 4. Excluding the impacts of the mortgage repurchase provision Core Earnings1,2 Relatively Stable Despite Mortgage Revenue Headwinds 3Q 13 1 2 $1,066 $179 1, 2

 

6 Net Interest Income - FTE ($ in millions) Prior Quarter Variance • Net interest margin declined six basis points due to lower loan yields, partially offset by modest reductions in deposit rates • Net interest income declined $2 million as lower net interest margin was largely offset by higher average earning assets Prior Year Variance • Net interest income declined $61 million → Interest income declined $104 million, primarily attributable to lower asset yields, the impact of 2H 12 loan sales, and reduced income from commercial loan swaps → Interest expense declined $43 million, driven by a more favorable deposit mix, lower deposit rates, and a reduction in long-term debt expense Net Interest Income Stable to 2Q 13 $1,301 $1,276 $1,251 $1,242 $1,240 3.38% 3.36% 3.33% 3.25% 3.19% 2.70% 2.90% 3.10% 3.30% 3.50% 3.70% 3.90% 4.10% 4.30% $500 $1,000 $1,500 3Q 12 4Q 12 1Q 13 2Q 13 3Q 13 Net Interest Income Net Interest Margin

 

7 Noninterest Income 1. Noninterest income on a GAAP basis was $2,542 million, $858 million and $680 million for 3Q 12, 2Q 13, and 3Q 13, respectively. Please refer to the page 28 of the appendix for noninterest income adjustment detail 2. Excluding the impacts of the mortgage repurchase provision NOTE: Totals may not foot due to rounding Prior Quarter Variance • Adjusted noninterest income1 declined $112 million → Reduction in mortgage production income due to a decline in applications, closed loan volume, and gain on sale margins → Other income lower due to a $37 million lease financing asset write-down → Partially offset by another strong investment banking quarter and an increase in mortgage servicing income Prior Year Variance • Adjusted noninterest income1 improved $14 million → Primarily due to a $371 million mortgage repurchase provision in 3Q 12 → Solid growth in investment banking and wealth management → Partially offset by declines in mortgage production2 and mortgage servicing income, as well as the lease financing asset write-down ($ in millions) Adjusted Noninterest Income1 Down from Prior Quarter Given Declines in Mortgage Production $2,542 $1,015 $858 $863 $680 $729 $1,000 $875 $855 $743 $1,812 $15 ($11) $3 ($63) 3Q 12 4Q 12 1Q 13 2Q 13 3Q 13 just d Noninterest Income¹ Adjustment Items¹

 

8 Noninterest Expense 1. Noninterest expense on a GAAP basis was $1,726 million, $1,397 million, and $1,743 million for 3Q 12, 2Q 13, and 3Q 13, respectively. Please refer to page 30 of the appendix for expense adjustment detail 2. Please refer to page 31 of the appendix for additional detail on cyclical costs. 3Q 13 cyclical costs include $13 million of credit services expense, $126 million of collection services expense, $4 million of other real estate expense, and $350 million of operating losses. 3Q 13 adjusted cyclical costs exclude $323 million in specific operating losses related to the settlement of certain legal matters and $96 million in collection services related to the mortgage servicing advances allowance increase NOTE: Totals may not foot due to rounding Prior Quarter Variance • Adjusted noninterest expense1 declined $73 million → $55 million decline in compensation and benefits, including a $37 million reversal of incentive compensation accruals → Adjusted cyclical costs2 also declined Prior Year Variance • Adjusted noninterest expense1 declined $213 million, or 14% → $98 million decline in employee compensation and benefits → $91 million decline in adjusted cyclical costs2 ($ in millions) Adjusted Expenses1 Down from Prior Quarter and Prior Year $1,537 $1,510 $1,363 $1,397 $1,324 $189 $419 3Q 12 4Q 12 1Q 13 2Q 13 3Q 13 Adjusted Noninterest Expense¹ Adjustment Items¹ $1,726 $1,510 $1,363 $1,397 $1,743

 

9 Tangible Efficiency Ratio – Adjusted Basis1 1. Calculated on a tangible basis and excluding certain items that are material and/or potentially nonrecurring. The GAAP efficiency ratios for 3Q 12, 4Q 12, 1Q 13, 2Q 13, and 3Q 13 were 44.9%, 65.9%, 64.5%, 66.6%, and 90.8%, respectively. Please refer to page 33 of the appendix for the GAAP reconciliations FY 2013 Target Remains ~65%; Long-term Target of < 60% 75.2% 66.0% 63.8% 66.4% 66.4% 3Q 12 4Q 12 1Q 13 2Q 13 3Q 13 Elevated Due to $371 Million Mortgage Repurchase Provision

 

10 ($ in millions) 1. In 3Q 12, $544 million of nonperforming residential mortgage and CRE loans were either sold or transferred to held for sale, and a $172 million charge-off and provision for credit loss were recognized. In 4Q 12, $162 million of nonperforming residential mortgage and CRE loans were sold, and a $39 million charge-off and provision for credit loss were recognized. Also in 4Q 12, $232 million of loans that were discharged from Chapter 7 bankruptcy were reclassified as nonperforming, and a $79 million charge-off and provision for credit loss were recognized 2. In 2Q 13, $220 million of loans previously discharged from Chapter 7 bankruptcy were returned to performing status, due to their being current for six consecutive months from the time they were categorized as nonperforming Credit Quality Provision Expense1 Net Charge-offs1 Nonperforming Assets1,2 Notable Asset Quality Improvements Continued Allowance for Loan and Lease Losses $1,731 $1,547 $1,467 $1,141 $1,037 $354 $310 $273 $254 $264 3Q 12 4Q 12 1Q 13 2Q 13 3Q 13 Nonperforming Loans Other Assets $1,740$1,857 $2,085 $1,395 $1,301 $339 $280 $226 $179 $146 $172 $118 1.64% 1.30% 0.76% 0.59% 0.47% 3Q 12 4Q 12 1Q 13 2Q 13 3Q 13 Core Net Charge-offs Impact of Selected Items NCOs to Avg. Loans (annualized) $511 $398 $278 $210 $212 $146 $95 $172 $118 3Q 12 4Q 12 1Q 13 2Q 13 Q 13 Core Provision Impact of Selected Items $450 $328 $2,239 $2,174 $2,152 $2,125 $2,071 1.84% 1.80% 1.79% 1.75% 1.67% 3Q 12 4Q 12 1Q 13 2Q 13 3Q 13 ALLL ($) AL L Ratio

 

11 Loans Prior Quarter Variance • Performing loans up $1.6 billion, or 1.3%, primarily driven by growth in residential and commercial real estate portfolios • Highest quarterly performing loan growth since 1Q 12 Prior Year Variance • Performing loans were stable, as gains in commercial loans were offset by declines in residential and consumer → C&I growth of $2.7 billion, or 5% → Residential declined $2.0 billion, or 5%, predominantly due to guaranteed mortgage sales in 2H 12 → Consumer declined $0.9 billion, or 4%, due to guaranteed student loan sales in 2H 12; all other consumer categories increased by a combined $0.9 billion, or 6% NOTE: Totals may not foot due to rounding ($ in billions) Average Performing Loans Increased 1.3% from Prior Quarter $57.2 $57.6 $58.5 $59.4 $60.0 $43.9 $42.8 $41.4 $41.2 $41.9 $20.6 $19.6 $19.4 $19.5 $19.7 3Q 12 4Q 12 1Q 13 2Q 13 3Q 13 Commercial Residential Consumer $121.7 $120.0 $119.4 $120.0 $121.6

 

12 Deposits Prior Quarter Variance • Client deposits stable → Lower-cost deposits1 increased $0.5 billion, or 1% → Higher-cost time deposits down $0.5 billion, or 3% Prior Year Variance • Client deposits increased $1.3 billion, or 1% → Lower-cost deposits1 up $3.5 billion, or 3% → Higher-cost time deposits declined $2.2 billion, or 14% ($ in billions) 1. Lower-cost deposits include DDA, NOW, Money Market, and Savings NOTE: Totals may not foot due to rounding Average Client Deposits Relatively Stable with Continued Favorable Mix Shift $37.9 $39.4 $38.1 $38.7 $38.6 $24.8 $25.6 $26.4 $26.0 $25.4 $41.5 $42.5 $43.0 $41.8 $43.0 $5.2 $5.2 $5.5 $5.8 $5.8 $16.0 $15.2 $14.7 $14.2 $13.7 3Q 12 4Q 12 1Q 13 2Q 13 3Q 13 DDA NOW Money Market Savings Time $125.4 $127.9 $127.7 $126.6 $126.6

 

13 $13.2 $13.5 $13.9 $14.2 $14.3 9.82% 10.04% 10.13% 10.19% 9.92% 3Q 12 4Q 12 1Q 13 2Q 13 3Q 13 Basel I Tier 1 Common $ Basel I Tier 1 Common % 1. 3Q 13 estimated. Please refer to the appendix for additional detail on the calculation. Effective September 30, 2013, the Company refined its calculation of the risk-weighting of certain unfunded credit agreements that contain client options to issue standby letters of credit. This did not impact estimated Basel III risk-weighted assets 2. The total shareholders’ equity to total assets ratio was 11.78%, 12.10%, 12.29%, 12.25%, and 12.27% for periods ending 3Q 12, 4Q 12, 1Q 13, 2Q 13, and 3Q 13, respectively. See the appendix for a reconcilement of tangible common equity to shareholders’ equity and tangible assets to total assets 3. Book value per share was $37.35, $37.59, $37.89, $37.65, and $37.85 for the periods ending 3Q 12, 4Q 12, 1Q 13, 2Q 13, and 3Q 13, respectively. See Appendix A within the earnings release for a reconcilement to book value per share Capital Levels Remain Near Record Highs; Estimated Basel III Tier 1 Common Ratio of 9.7%¹ ($ in billions) Capital Position Tangible Common Equity Ratio2 Tangible Book Value Per Share3 1 $25.72 $25.98 $26.33 $26.08 $26.27 3Q 12 4Q 12 1Q 13 2Q 13 3Q 13 8.31% 8.38% 8.57% 8.51% 8.54% 3Q 12 4Q 12 1Q 13 2Q 13 3Q 13

 

14 Consumer Banking and PWM Income Statement Highlights 3Q 12 3Q 13 %Change Net Interest Income (FTE) $691 $653 (5%) Noninterest Income 356 379 6% Total Revenue (FTE) 1,047 1,032 (1%) Provision for Credit Losses 172 79 (54%) Noninterest Expense 773 689 (11%) Net Income $63 $167 164% Key Statistics ($ in billions) Tangible Efficiency Ratio1 70.1% 64.4% Total Loans2 $42.2 $40.5 (4%) Consumer and Commercial Deposits2 $83.3 $83.9 1% 1. Reported efficiency ratios were 73.8% and 66.7% for 3Q 12 and 3Q 13, respectively. The impact from excluding the amortization of intangible assets was (3.8%) and (2.3%) for 3Q 12 and 3Q 13, respectively 2. Average balances 3. Comparisons are 3Q 12 versus 3Q 13 unless otherwise noted NOTE: Totals may not foot due to rounding. Prior year results have been restated to include the effect of moving small business banking from Wholesale Banking to Consumer Banking and Private Wealth Management during 2Q 13 Highlights3 • Net income up significantly given efficiency improvements, lower provision for credit losses, and higher noninterest income • Noninterest income increased 6%, in part due to wealth management growth • Expenses down 11%, partially as a result of more efficient branch network and staffing models • Provision for credit losses down over 50% due to continued asset quality improvement in home equity and the junior lien policy change in 3Q 12 • Tangible efficiency ratio improved over five percentage points to 64.4% • Loan balances declined as a result of $2 billion student loan sales in 4Q 12, partially offset by solid growth in consumer lending businesses ($ in millions) Notable Improvements in Profitability and Efficiency Ratio Continued

 

15 Wholesale Banking Income Statement Highlights 3Q 12 3Q 13 % Change Net Interest Income (FTE) $415 $432 4% Noninterest Income 354 294 (17%) Total Revenue (FTE) 769 726 (6%) Provision for Credit Losses 69 21 (70%) Noninterest Expense 518 428 (17%) Net Income $128 $194 52% Key Statistics ($ in billions) Tangible Efficiency Ratio1 65.8% 57.7% Total Loans2 $51.4 $54.2 6% Consumer and Commercial Deposits2 $38.1 $39.5 4% 1. Reported efficiency ratios were 67.6% and 58.9% for 3Q 12 and 3Q 13, respectively. The impact from excluding the amortization of intangible assets was (1.8%) and (1.2%) for 3Q 12 and 3Q 13, respectively. 2. Average balances 3. Comparisons are 3Q 12 versus 3Q 13 NOTE: Totals may not foot due to rounding. Prior year results have been restated to include the effect of moving small business banking from Wholesale Banking to Consumer Banking and Private Wealth Management during 2Q 13 ($ in millions) Highlights3 • Net income up significantly given impact of 3Q 12 balance sheet actions • Total revenue declined 6%, impacted by a write- down of certain lease financing assets and lower client trading activity, partially offset by higher investment banking fees and net interest income growth • Noninterest expense declined due to 3Q 12 affordable housing write-down and reduced OREO costs • Provision for credit losses lower due to the charge-off in 3Q 12 associated with the commercial real estate nonperforming loan sales, in addition to continued asset quality improvement • Broad-based growth drove a solid 6% increase in total loans Another Quarter of Solid Performance

 

16 Mortgage Banking Income Statement Highlights 3Q 12 3Q 13 % Change Net Interest Income (FTE) $129 $140 9% Noninterest Income (75) (1) 99% Total Revenue (FTE) 54 139 157% Provision for Credit Losses 270 45 (83%) Noninterest Expense 368 638 73% Net Loss ($384) ($405) (5%) Key Statistics ($ in billions) Total Loans1 $30.5 $27.9 (8)% Consumer and Commercial Deposits1 $3.9 $3.2 (18%) Production Volume $8.1 $8.0 (2%) 1. Average balances 2. Comparisons are 3Q 12 versus 3Q 13 unless otherwise noted 3. 3Q 13 reported net income was ($405) million. 3Q 13 significant items totaled ($344) million after-tax. The pre-tax components totaled ($450) million, including ($291) million of specific operating losses related to the settlement of certain legal matters, ($96) million in collection services related to the mortgage servicing advances allowance increase, and ($63) million of mortgage repurchase settlements with Fannie Mae and Freddie Mac. The tax impact was $106 million, resulting in a ($344) million after-tax impact 4. 3Q 13 significant noninterest expense items included $291 million of specific operating losses related to the settlement of certain legal matters and $96 million of other noninterest expense related to the mortgage servicing advances allowance increase, totaling $387 million NOTE: Totals may not foot due to rounding ($ in millions) Highlights2 • Resolution of key legal matters, agency repurchase settlements, and servicing advances allowance increase negatively impacted total profitability by $344 million after- tax3 → Excluding 3Q 13 significant items, net loss was ($61) million3 • Noninterest income, excluding repurchase provision, declined given lower core mortgage production income and servicing income • Excluding impact of 3Q 13 significant items4, expenses were $251 million → Sequential and year-over-year declines driven by lower core and cyclical costs • Provision for credit losses lower given continued credit quality improvement and impact from 3Q 12 loan sales Resolution of Key Legacy Matters Impacted Results; Actions to Reduce Expenses are Underway in Light of Production Decline

 

17 3Q 13 Summary Earnings • Net income available to common shareholders of $179 million; earnings per diluted share of $0.33 • As announced in the October 10, 2013 8-K, the resolution of certain legacy mortgage matters, alongside other discrete items, negatively impacted earnings by $179 million on an after-tax basis, or $0.33 per share • Excluding the above items, earnings were $358 million, or $0.66 per diluted share1 Revenue • Net interest income generally stable relative to prior quarter • Noninterest income declined from prior quarter, primarily due to lower mortgage production income Expenses • Adjusted expenses2 declined sequentially and were below $1.4 billion for the third consecutive quarter • Adjusted expenses2 down 14% from prior year Balance Sheet • Average performing loans increased 1.3% from prior quarter, with increases across most loan portfolios • Average deposits stable sequentially and increased modestly from prior year; favorable mix shift continued Credit and Capital • Nonperforming loans declined 9% from prior quarter and 40% from prior year • Net charge-off ratio declined 12 basis points to 0.47%, the lowest level since 3Q 07 • Tier 1 Common ratio 9.9% on Basel I basis and 9.7% on Basel III basis3 (estimated) 1. Please refer to page 19 of the appendix for a reconciliation 2. Please refer to page 30 of the appendix for expense adjustment detail. Reported expenses increased 25% sequentially and 1% from prior year 3. Please refer to page 32 of the appendix for a Basel I to Basel III reconciliation

 

Appendix

 

19 Income Statement ($ in millions) 3Q 13 Reported Earnings Impact from 8-K Items 3Q 13 Core Earnings NET INTEREST INCOME $1,208 $1,208 Provision for Credit Losses 95 95 NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 1,113 1,113 NONINTEREST INCOME Service charges on deposit accounts 168 168 Trust and investment management income 133 133 Retail investment services 68 68 Other charges and fees 91 91 Investment banking income 99 99 Trading Income 33 33 Card fees 77 77 Mortgage production related income/(loss) (10) (63) 53 Mortgage servicing related income 11 11 Other noninterest income 10 10 Total noninterest income 680 743 NONINTEREST EXPENSE Employee compensation and benefits 682 682 Net occupancy expense 86 86 Outside processing and software 190 190 Equipment expense 45 45 Marketing and customer development 34 34 Amortization/impairment of intangible assets/goodwill 6 6 Operating losses 350 323 27 FDIC premium/regulatory exams 45 45 Other noninterest expense 305 96 209 Total noninterest expense 1,743 1,324 INCOME BEFORE PROVISION FOR INCOME TAXES 50 533 Provision for income taxes (146) (304) 157 INCOME INCLUDING INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST 196 375 Net income attributable to noncontrolling interest 7 7 NET INCOME 189 368 NET INCOME AVAILABLE TO COMMON SHAREHOLDERS 179 358 EPS - DILUTED $0.33 ($0.33) $0.66 3Q 13 Income Statement Reported and Excluding Impact of October 10, 2013 8-K Items 1 2 3 4 1. Reflects the pre-tax impact of mortgage repurchase settlements with Fannie Mae and Freddie Mac 2. Reflects the pre-tax impact from the settlement of certain legal matters 3. Reflects the pre-tax impact from the mortgage servicing advances allowance increase 4. Reflects the provision for income taxes impact from footnotes 1 – 3 ($191) and the other tax items ($113) referred to in the October 10, 2013 8-K Note: Totals may not foot due to rounding

 

20 Income Statement ($ in millions) 3Q 12 Reported Earnings Impact from Items 3Q 12 Core Earnings NET INTEREST INCOME $1,271 $1,271 Provision for Credit Losses 450 172 278 NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 821 993 NONINTEREST INCOME Service charges on deposit accounts 172 172 Trust and investment management income 127 127 Retail investment services 60 60 Other charges and fees 97 97 Investment banking income 83 83 Trading Income 19 19 Card fees 74 74 Mortgage production related income / (loss) (64) (371) 307 Mortgage servicing related income 64 64 Other noninterest income / (loss) (31) (92) 61 Net securities gains 1,941 1,938 3 Total noninterest income 2,542 1,067 NONINTEREST EXPENSE Employee compensation and benefits 780 780 Net occupancy expense 92 92 Outside processing and software 171 171 Equipment expense 49 49 Marketing and customer development 75 38 37 Amortization/impairment of intangible assets/goodwill 17 17 Net loss on extnguishment of debt 2 2 Operating losses 71 71 FDIC premium/regulatory exams 67 67 Other noninterest expense 402 96 306 Total noninterest expense 1,726 1,592 INCOME BEFORE PROVISION FOR INCOME TAXES 1,637 467 Provision for income taxes 551 417 134 INCOME INCLUDING INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST 1,086 334 Net income attributable to noncontrolling interest 9 9 NET INCOME 1,077 324 NET INCOME AVAILABLE TO COMMON SHAREHOLDERS 1,066 313 EPS - DILUTED $1.98 $1.40 $0.58 3Q 12 Income Statement Reported and Excluding Impact of Items Pre-announced in September 2012 1 2 3 4 1. Reflects the pre-tax provision expense associated with the planned sale of $0.5B nonperforming mortgage and CRE loans 2. Reflects the pre-tax mortgage repurchase provision 3. Reflects the pre-tax loss from moving $1.4B student loans and $0.5B Ginnie Mae loans to LHFS 4. Reflects the pre-tax gain associated with the early termination of agreements involving The Coca-Cola Company shares 5. Reflects the pre-tax impact from the charitable contribution of one million shares of The Coca-Cola Company 6. Reflects the pre-tax write-down associated with moving $0.2B affordable housing investments to HFS Note: Totals may not foot due to rounding 5 6

 

21 Securities Portfolio Available for Sale 2Q 13 3Q 13 $ Change U.S. Treasury and Agencies $3.0 $3.0 - MBS – Agency 18.9 18.3 (0.6) U.S. States and Subdivisions 0.3 0.2 (0.1) Other 1.2 1.1 (0.1) Total Available for Sale $23.4 $22.6 ($0.8) ($ in billions, period end balances) High Quality and Liquid Portfolio

 

22 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 30 – 89 Day Delinquencies by Loan Class Excluding Government-Guaranteed Loans Memo: 3Q 12 4Q 12 1Q 13 2Q 13 3Q 13 3Q 13 Loan Balance 30-89 Accruing Delinquencies Commercial & industrial 0.16% 0.15% 0.17% 0.14% 0.08% $55,943 Commercial real estate 0.44 0.26 0.18 0.34 0.10 4,755 Commercial construction 0.04 0.07 0.03 0.01 0.01 737 Total Commercial Loans 0.18 0.16 0.17 0.16 0.08 $61,435 Residential mortgage – guaranteed - - - - - $3,527 Residential mortgage – non-guaranteed 1.05 0.82 0.76 0.70 0.65 24,106 Home equity products 0.95 1.00 0.79 0.78 0.82 14,826 Residential construction 1.54 2.03 1.04 1.07 0.72 582 Total Residential Loans¹ 1.02 0.91 0.78 0.74 0.71 $43,041 Guaranteed student loans - - - - - $5,489 Other direct 0.72 0.61 0.52 0.64 0.56 2,670 Indirect 0.53 0.62 0.38 0.44 0.49 11,035 Credit card 1.01 1.08 1.03 0.89 0.91 670 Total Consumer Loans² 0.58 0.64 0.44 0.50 0.52 $19,864 Total SunTrust - excluding government-guaranteed delinquencies³ 0.53% 0.48% 0.41% 0.40% 0.35% $124,340 Impact of excluding government-guaranteed delinquencies 0.42% 0.45% 0.37% 0.31% 0.30% Total SunTrust - including government-guaranteed delinquencies4 0.95% 0.93% 0.78% 0.71% 0.65% ($ in millions) Delinquencies Continued to Decline

 

23 Nonperforming Loans by Loan Class 1. In 3Q 12, $544 million of nonperforming residential mortgage and CRE loans were either sold or transferred to held for sale 2. In 3Q 12, $81 million of junior liens that were current on payments but subordinate to a seriously delinquent first mortgage were moved to nonperforming status 3. In 4Q 12, $162 million of nonperforming residential mortgage and CRE loans were sold, and $232 million of residential mortgage and home equity loans were reclassified as NPLs associated with the updated regulatory guidance related to post Chapter 7 bankruptcy. In 2Q 13, $220 million of loans previously discharged from Chapter 7 bankruptcy were returned to performing status, due to their being current for six consecutive months from the time they were categorized as nonperforming NOTE: Totals may not foot due to rounding Memo: 3Q 12 4Q 12 1Q 13 2Q 13 3Q 13 3Q 13 Loan Balance Nonperforming Loans Commercial & industrial $288 $195 $205 $227 $216 $55,943 Commercial real estate1,3 119 66 59 54 42 4,755 Commercial construction 75 34 25 23 17 737 Total Commercial Loans $482 $294 $289 $304 $275 $61,435 Residential mortgages – guaranteed - - - - - $3,527 Residential mortgages – nonguaranteed1,2,3 $786 $775 $721 $516 $464 24,106 Home equity products2,3 310 341 334 225 209 14,826 Residential construction 129 112 102 84 79 582 Total Residential Loans $1,225 $1,228 $1,157 $825 $752 $43,041 Guaranteed student loans - - - - - $5,489 Other direct $6 $6 $6 $4 $4 2,670 Indirect 18 18 15 8 6 11,035 Credit cards - - - - - 670 Total Consumer Loans $24 $25 $21 $12 $10 $19,864 Total $1,731 $1,547 $1,467 $1,141 $1,037 $124,340 ($ in millions) 9% Sequential Quarter and 40% YOY Decline

 

24 Net Charge-off Ratios by Loan Class 1. In 3Q 12, $544 million of nonperforming residential mortgage and CRE loans were either sold or transferred to held for sale. A $172 million net charge-off was recognized 2. In 3Q 12, the timing of NCO recognition of junior liens was moved from 180 days to 120 days. This resulted in $65 million in incremental NCOs 3. In 4Q 12, $162 million of nonperforming residential mortgage and CRE loans were sold, and $232 million of residential mortgage and home equity loans were reclassified as NPLs associated with the updated regulatory guidance related to post Chapter 7 bankruptcy. Net charge-offs of $39 million and $79 million, respectively, were recognized NOTE: Totals may not foot due to rounding NCOs at Lowest Level Since 3Q 07 Memo: 3Q 12 4Q 12 1Q 13 2Q 13 3Q 13 3Q 13 Loan Balance Net Charge-off %'s to Avg. Loans (annualized) Commercial Loans Commercial & industrial 0.25% 0.44% 0.33% 0.30% 0.27% $55,943 Commercial real estate1,3 2.71 0.94 0.24 0.24 0.04 4,755 Commercial construction 2.66 (0.33) (0.13) (0.34) 0.71 737 Total Commercial Loans 0.49 0.46 0.32 0.29 0.26 $61,435 Residential Loans Residential mortgages – guaranteed - - - - - $3,527 Residential mortgages – nonguaranteed1,2,3 4.20 2.71 1.25 0.94 0.66 24,106 Home equity products2,3 3.69 3.60 1.79 1.55 1.15 14,826 Residential construction 9.99 4.31 10.90 4.80 3.28 582 Total Residential Loans 3.63 2.75 1.48 1.13 0.82 $43,041 Consumer Loans Guaranteed student loans - - - - - $5,489 Other direct 1.88 1.92 1.19 1.11 0.91 2,670 Indirect 0.32 0.37 0.46 0.17 0.31 11,035 Credit cards 3.18 3.18 3.40 3.13 2.81 670 Total Consumer Loans 0.46 0.53 0.52 0.34 0.39 $19,864 Total 1.64% 1.30% 0.76% 0.59% 0.47% $124,340 ($ in millions)

 

25 Net Charge-offs by Loan Class 1. In 3Q 12, $544 million of nonperforming residential mortgage and CRE loans were either sold or transferred to held for sale. A $172 million net charge-off was recognized 2. In 3Q 12, the timing of NCO recognition of junior liens was moved from 180 days to 120 days. This resulted in $65 million in incremental NCOs 3. In 4Q 12, $162 million of nonperforming residential mortgage and CRE loans were sold, and $232 million of residential mortgage and home equity loans were reclassified as NPLs associated with the updated regulatory guidance related to post Chapter 7 bankruptcy. Net charge-offs of $39 million and $79 million, respectively, were recognized NOTE: Totals may not foot due to rounding Memo: 3Q 12 4Q 12 1Q 13 2Q 13 3Q 13 3Q 13 Loan Balance Net Charge-off $'s Commercial Loans Commercial & industrial $33 $58 $44 $42 $38 $55,943 Commercial real estate1,3 32 10 2 3 - 4,755 Commercial construction 6 (1) (0) (1) 1 737 Total Commercial Loans $71 $68 $45 $44 $39 $61,435 Residential Loans Residential mortgages – guaranteed - - - - - $3,527 Residential mortgages – nonguaranteed1,2,3 $255 $161 $71 $54 $39 24,106 Home equity products2,3 140 135 65 57 44 14,826 Residential construction 20 8 20 8 5 582 Total Residential Loans $415 $304 $156 $119 $88 $43,041 Consumer Loans Guaranteed student loans - - - - - $5,489 Other direct $11 $11 $7 $6 $6 2,670 Indirect 9 10 13 5 9 11,035 Credit cards 5 5 5 5 4 670 Total Consumer Loans $25 $25 $25 $16 $19 $19,864 Total $511 $398 $226 $179 $146 $124,340 NCOs at Lowest Level Since 3Q 07 ($ in millions)

 

26 Troubled Debt Restructuring (TDR) Composition TDR Trend Prior Quarter Variance • Nonaccruing balances were at their lowest level since 1Q 09 • Accruing TDRs constitute 87% of Total TDRs Prior Year Variance • Total TDRs were relatively stable • Nonaccruing balances down 16% Prior Quarter Variance • Current TDRs were down due to reclassification of certain commercial TDRs to performing Prior Year Variance • Current TDRs were higher due to the impact of the Chapter 7 bankruptcy regulatory guidance ($ in millions) 93% of Accruing TDRs are Current on Principal and Interest Payments Early Stage Accruing TDR Delinquencies $2,361 $2,281 $2,305 $2,554 $2,505 $161 $126 $115 $150 $153 $70 $57 $44 $44 $50 3Q 12 4Q 12 1Q 13 2Q 13 3Q 13 Current 30-59 DLQ 60-89 DLQ$2,640 $2,501 $2,499 $2,781 $2,744 $482 $639 $655 $415 $406 3Q 12 4Q 12 1Q 13 2Q 13 3Q 13 Accruing Nonaccruing $3,196$3,154$3,122 $3,140 $3,149 Note: Totals may not foot due to rounding

 

27 $114 $100 $101 $101 $101 $97 $91 $77 1Q 13 2Q 13 3Q 13 4Q 13 1Q 14 2Q 14 3Q 14 4Q 14 Commercial Loan Swap Interest Income Commercial Loan Swap Interest Income Expected to be Stable in 4Q 13 Swap Income Forecast 1. 1M Libor forecast = 25bps throughout the forecast horizon Key Points • Swap income is expected to remain stable in 4Q 13, then decline gradually in 2014 • As swaps mature, asset sensitivity increases • SunTrust receives a fixed rate and pays a floating rate (1 month LIBOR) on the notional value of the swaps ($ in millions) A c tu a l A c tu a l A c tu a l

 

28 NOTE: Totals may not foot due to rounding ($ in millions) Noninterest Income Reconciliation 3Q12 4Q12 1Q13 2Q13 3Q13 Total Noninterest Income $2,542 $1,015 $863 $858 $680 Adjustment Items: Securities Gains 1,941 1 2 0 (0) 3Q-4Q 12 Student and Ginnie Mae Loan Sale (Losses) (Other Income) (92) - - - - FMV and ARS (Trading Income) 6 31 14 3 2 Debt and SILC Valuation (Trading Income) (47) (23) (24) 8 (6) Fair Value Adjustments (Mortgage Production Related Income) 5 5 (3) (7) 4 GSE Mortgage Repurchase Settlements (Mortgage Production Related Income) - - - - (63) Total Adjustments 1,812 15 (11) 3 (63) Adjusted Noninterest Income $729 $1,000 $875 $855 $743

 

29 Mortgage Servicing Income Supplemental Information ($ in millions) 1. Includes contractually specified servicing fees, late charges, and other ancillary revenues 2. Due primarily to the receipt of monthly servicing fees and from prepayments 3. Fair value mark-to-market of the Mortgage Servicing Rights asset from changes in market rates and other assumption updates, exclusive of the "decay” 4. Impact of using derivatives to hedge the risk of changes in the fair value of the MSR NOTE: Totals may not foot due to rounding 3Q 12 4Q 12 1Q 13 2Q 13 3Q 13 Servicing Fees 1 $79 $83 $77 $77 $85 (61) (68) (73) (78) (66) Changes in MSR Valuation Other Than Decay 3 (55) 44 90 160 10 Hedging Activity 4 101 (14) (56) (158) (19) Net MSR FV and Hedge Activity 46 31 34 2 (8) Mortgage Servicing Income $64 $45 $38 $1 $11 Memo: Total Loans Serviced for Others (end of period) $115,814 $113,243 $111,973 $109,307 $109,224 Annualized Servicing Fees / Total Loans Serviced for Others (bps) 27 29 28 28 31 Changes in MSR Value from Collection / Realization of Cash Flow ("Decay") 2

 

30 Noninterest Expense Reconciliation ($ in millions) 3Q12 4Q12 1Q13 2Q13 3Q13 Total Noninterest Expense $1,726 $1,510 $1,363 $1,397 $1,743 Adjustment Items: Affordable Housing Writedown (Other Noninterest Expense) 96 - - - - Charitable Contribution of KO Shares (Marketing and Customer Development) 38 - - - - Real Estate Related Charge (Other Noninterest Expense) 17 - - - - Goodwill Impairment (Amortization of Intangible Assets) 7 - - - - Loss on Debt Extinguishment 2 - - - - Severance (Other Noninterest Expense) 29 - - - - Settlement of Certain Legal Matters (Operating Losses) - - - - 323 Mortgage Servicing Advances Allowance Increase (Other Noninterest Expense) - - - - 96 Total Adjustments 189 - - - 419 Adjusted Noninterest Expense $1,537 $1,510 $1,363 $1,397 $1,324

 

31 $71 $77 $39 $72 $350 $27 $30 $8 $1 $4 $4 $48 $41 $20 $38 $126 $30 $17 $16 $12 $14 $13 $13 3Q 12 4Q 12 1Q 13 2Q 13 3Q 13 Reported 3Q 13 Adjusted Operating Losses Other Real Estate (Other Exp.) Collection Services (Other Exp.) Credit Services (Other Exp.) Additional Noninterest Expense Disclosure Credit-Related Expenses and Operating Losses (Cyclical Costs) Normalized Annual Costs Still Expected to be < $325 Million ($ in millions) $166 $142 $71 $125 $75 $494 1. Adjusted to exclude certain October 10, 2013 8-K items. Adjusted figures provided as they remove certain items that are material and/or potentially non-recurring. Operating losses adjusted from $350 million to $27 million due to the $323 million of specific legal matters. Collection services adjusted from $126 million to $30 million due to the impact of the $96 million servicing advances allowance increase Note: Totals may not foot due to rounding 1

 

32 Reconciliation of Tier 1 Common Equity Ratio1 3Q 13 Tier 1 Common Equity - Basel I $14.3 Adjustments from Basel I to Basel III 2 0.0 Tier 1 Common Equity - Basel III 3 $14.3 Risk-weighted Assets - Basel I $143.5 Adjustments from Basel I to Basel III 4 3.9 Risk-weighted Assets - Basel III 3 $147.3 Tier 1 Common Equity Ratio Basel I 9.9% Basel III 3 9.7% ($ in billions) 1. The Tier 1 common equity ratio is a financial measure that is used by regulators, bank management, and investors to assess the capital position of financial services companies. The Tier 1 common equity ratio as calculated for Basel III is considered non-GAAP, and as such we have presented a reconciliation to the Tier 1 common equity ratio under Basel I that is currently used by regulators. All figures are estimated at the time of the earnings release and subject to revision 2. Improved treatment of mortgage servicing assets essentially offset by disallowed deferred tax assets 3. The Basel III calculations of Tier 1 common equity, risk-weighted assets, and the Tier 1 common equity ratio are based upon the Company's interpretation of the final Basel III rules issued by the Federal Reserve on July 2, 2013, on a fully-phased-in basis. The Company's interpretation of the rules is subject to change, and as such, so are its estimated Basel III calculations 4. The largest differences between the risk-weighted assets as calculated under Basel I versus Basel III for SunTrust relate to the risk-weightings for certain commercial loans, unfunded commitments and mortgage servicing assets NOTE: Totals may not foot due to rounding

 

33 Reconciliation of Efficiency Ratio 1. Adjusted revenue and expenses are provided as they remove certain items that are material and/or potentially non-recurring. Adjusted figures are intended to provide management and investors information on trends that may be more easily compared to other institutions NOTE: Totals may not foot due to rounding ($ in millions) 3Q 12 4Q 12 1Q 13 2Q 13 3Q 13 Reported (GAAP) Basis Total Revenue - FTE $3,843 $2,291 $2,114 $2,100 $1,920 Total Noninterest Expense 1,726 1,510 1,363 1,397 1,743 Amortization of Intangibles / Impairment of Goodwill 17 7 6 6 6 Efficiency Ratio 44.9% 65.9% 64.5% 66.6% 90.8% Tangible Efficiency Ratio 44.5% 65.6% 64.2% 66.3% 90.5% Adjusted Basis 1 Reported Revenue $3,843 $2,291 $2,114 $2,100 $1,920 Adjustment Items: Securities Gains 1,941 1 2 0 (0) 3Q-4Q 12 Student / Ginnie Mae Loan Sale (Losses) (92) - - - - FMV and ARS 6 31 14 3 2 Debt and SILC Valuation (47) (23) (24) 8 (6) Fair Value Adjustments 5 5 (3) (7) 4 GSE Mortgage Repurchase Settlements - - - - (63) Adjusted Revenue $2,030 $2,276 $2,125 $2,097 $1,984 Reported Noninterest Expense $1,726 $1,510 $1,363 $1,397 $1,743 Adjustment Items: Affordable Housing Writedown 96 - - - - Charitable Contribution of KO Shares 38 - - - - Real Estate Charge 17 - - - - Goodwill Impairment 7 - - - - Loss on Debt Extinguishment 2 - - - - Severance 29 - - - - Settlement of Certain Legal Matters - - - - 323 Mortgage Servicing Advances Allowance Increase - - - - 96 Adjusted Expense $1,537 $1,510 $1,363 $1,397 $1,324 Efficiency Ratio - Adjusted Basis 75.7% 66.3% 64.1% 66.6% 66.7% Tangible Efficiency Ratio - Adjusted Basis 75.2% 66.0% 63.8% 66.4% 66.4%

 

34 Reconciliation of Non GAAP Measures Sep 30 Dec 31 Mar 31 Jun 30 Sep 30 2012 2012 2013 2013 2013 Total shareholders' equity $20.4 $21.0 $21.2 $21.0 $21.1 Goodwill, net of deferred taxes (6.2) (6.2) (6.2) (6.2) (6.2) Other intangible assets including MSRs, net of deferred taxes (0.9) (0.9) (1.1) (1.2) (1.3) MSRs 0.8 0.9 1.0 1.2 1.2 Tangible equity 14.1 14.7 14.9 14.8 14.8 Preferred stock (0.3) (0.7) (0.7) (0.7) (0.7) Tangible common equity $13.9 $14.0 $14.2 $14.0 $14.1 Total assets $173.2 $173.4 $172.4 $171.5 $171.8 Goodwill (6.4) (6.4) (6.4) (6.4) (6.4) Other intangible assets including MSRs (0.9) (1.0) (1.1) (1.2) (1.3) MSRs 0.8 0.9 1.0 1.2 1.2 Tangible assets $166.7 $167.0 $166.0 $165.1 $165.4 Tangible equity to tangible assets 8.48% 8.82% 9.00% 8.95% 8.98% Tangible common equity to tangible assets 8.31% 8.38% 8.57% 8.51% 8.54% Tangible book value per common share $25.72 $25.98 $26.33 $26.08 $26.27 NOTE: Totals may not foot due to rounding ($ in billions, except per share data)