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

			
Date of Report (Date of earliest event reported):	 	July 17, 2015	

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

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

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

	
			
Registrant's telephone number, including area code	 	(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 July 17, 2015 , SunTrust Banks, Inc. (the “Registrant”) announced financial results for the period ended June 30, 2015 . A copy of the news release announcing such results is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The Registrant intends to hold an investor call and webcast to discuss these results on July 17, 2015 , at 8:00 a.m. Eastern time. Additional presentation materials relating to such call are furnished hereto as Exhibit 99.2 and are incorporated herein by reference.
The foregoing information is furnished pursuant to Item 2.02, “Results of Operations and Financial Condition,” and Item 7.01, “Regulation FD.” Consequently, it is not deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section. It may only be incorporated by reference into another filing under the Exchange Act or Securities Act of 1933 if such subsequent filing specifically references this Form 8-K. All information in the news release and presentation materials speak as of the date thereof and the Registrant does not assume any obligation to update said information in the future. In addition, the Registrant disclaims any inference regarding the materiality of such information which otherwise may arise as a result of its furnishing such information under Item 2.02 or Item 7.01 of this report on Form 8-K.

Item 9.01 Financial Statements and Exhibits.
(d) Exhibits

99.1    News release dated July 17, 2015 (furnished with the Commission as a part of this Form 8-K).

99.2    Presentation slides dated July 17, 2015 (furnished with the Commission as a part of this Form 8-K).

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

						
 	 	 	SUNTRUST BANKS, INC.	 	
 	 	 	(Registrant)	 	 	

Date:	July 17, 2015	 	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	 	Hugh Suhr	  	
(404) 827-6714	 	(404) 827-6813	  	
For Immediate Release
July 17 , 2015

SunTrust Reports Second Quarter 2015 Results
Continued Execution of Core Strategies Leads to Solid Earnings Growth and Improved Returns

ATLANTA -- SunTrust Banks, Inc. (NYSE: STI) today reported net income available to common shareholders of $467 million , or $0.89 per average common diluted share compared to $0.78 per share earned in the prior quarter. The current quarter was favorably impacted by a $0.03 per share discrete income tax benefit.

Earnings per share increased $0.17 over the second quarter of 2014, which was negatively impacted by $0.09 per share, related to the resolution of specific legacy mortgage-related matters, partially offset by the gain on sale of RidgeWorth. Excluding the prior-year matters, earnings per share grew 10% year over year.

For the first half of 2015, earnings per share were $1.67 . Excluding the aforementioned matters which negatively impacted the prior year, earnings per share grew 8% over the same period in 2014.
 
“Our performance this quarter demonstrates solid execution of our key strategies - deepening client relationships, optimizing the balance sheet, and improving efficiency.  This was evidenced by higher revenue, continued deposit growth, and improved returns.  In addition, our asset quality performance continues to be strong,” said William H. Rogers, Jr., chairman and CEO of SunTrust Banks, Inc.  “As we look forward, we are confident in our strategies and remain intensely focused on delivering further value to our clients and shareholders.”

1

Second Quarter 2015 Financial Highlights
Income Statement

•	Net income available to common shareholders was $467 million , or $0.89 per average common diluted share.	

◦	Represents a 14% sequential quarter increase and includes a $0.03 per share favorable impact from a discrete income tax item in the current quarter.	

•	Total revenues increased 4% compared to the prior quarter due to higher net interest income and broad-based growth in fee income.	

◦	Net interest income grew 2% sequentially due to a 3 basis point increase in the net interest margin and one additional day.	

◦	Noninterest income increased 7% sequentially driven by increases in most fee income categories, most notably investment banking income.	

•	Noninterest expense increase d 4% compared to the prior quarter, primarily driven by $14 million of debt extinguishment costs in the current quarter, as well as discrete recoveries recognized in the prior quarter. Certain incentive costs also increased sequentially due to improved business performance.	

•	The efficiency and tangible efficiency ratios in the current quarter were 63.9% and 63.6% , respectively.	

Balance Sheet

•	Average loan balances declined slightly compared to the prior quarter primarily due to loan sale activity, offset by growth in higher yielding loan products, improving the overall loan mix.	

•	Average client deposits increase d 2% sequentially and 9% compared to the second quarter of 2014, with all of the growth coming from low-cost deposits, resulting in continued favorable mix shift. The deposit growth also drove a reduction in higher-cost wholesale funding.	

Capital

•	Estimated capital ratios continued to be well above regulatory requirements. The Common Equity Tier 1 ratio and Tier 1 capital ratios were estimated to be 9.8% and 10.5%, respectively, as of June 30, 2015 , on a fully phased-in basis.	

•	During the quarter, the Company increased its quarterly common stock dividend from $0.20 per share to $0.24 per share and repurchased $175 million of its common stock. The Company repurchased $115 million of common stock in the prior quarter.	

•	Book value per share was $42.46 , and tangible book value per share was $30.65 , both up sequentially.	

Asset Quality

•	Asset quality continued to improve, as nonperforming loans declined 21 % from the prior quarter and totaled 0.36% of total loans at June 30, 2015 . The decline was primarily driven by a $110 million transfer of nonperforming mortgage loans to loans held-for-sale.	

•	Net charge-offs for the current quarter were $87 million , representing 0.26% of average loans on an annualized basis, declining from $99 million in the prior quarter and $113 million in the second quarter of 2014.	

•	The provision for credit losses decreased $29 million and $47 million compared to the prior quarter and the second quarter of 2014, respectively, driven by the continued improvement in asset quality, combined with slower loan growth.	

•	At June 30, 2015 , the allowance for loan and lease losses to period-end loans ratio was 1.39% , 4 basis points lower than the prior quarter given further improvements in asset quality.	

2

	

Presented on a fully taxable-equivalent basis	 	 	 	 	 	
Income Statement (Dollars in millions, except per share data)	2Q 2014	 	1Q 2015	 	2Q 2015	
Net income available to common shareholders	$387	 	$411	 	$467	
Earnings per average common diluted share	0.72		 	0.78		 	0.89		
Adjusted earnings per average common diluted share (1)	0.81		 	0.78		 	0.89		
Total revenue	2,201		 	1,992		 	2,077		
Net interest income	1,244		 	1,175		 	1,203		
Provision for credit losses	73		 	55		 	26		
Noninterest income	957		 	817		 	874		
Noninterest expense	1,517		 	1,280		 	1,328		
Net interest margin	3.11	%	 	2.83	%	 	2.86	%	
 	 	 	 	 	 	
Balance Sheet (Dollars in billions)	 	 	 	 	 	
Average loans		$130.7		 		$133.3		 		$132.8		
Average consumer and commercial deposits	130.5		 	140.5		 	142.9		
 	 	 	 	 	 	
Capital	 	 	 	 	 	
Capital ratios at period end (2) :	 	 	 	 	 	
Tier 1 capital (transitional)	N/A		 	10.76	%	 	10.75	%	
Common Equity Tier 1 ("CET1") (transitional)	N/A		 	9.89	%	 	9.90	%	
Common Equity Tier 1 ("CET1") (fully phased-in)	N/A		 	9.74	%	 	9.75	%	
Total average shareholders’ equity to total average assets	12.23	%	 	12.24	%	 	12.34	%	
 	 	 	 	 	 	
Asset Quality	 	 	 	 	 	
Net charge-offs to average loans (annualized)	0.35	%	 	0.30	%	 	0.26	%	
Allowance for loan and lease losses to period-end loans	1.55	%	 	1.43	%	 	1.39	%	
Nonperforming loans to total loans	0.69	%	 	0.46	%	 	0.36	%	
(1) See page 23 for non-U.S. GAAP reconciliation 
(2) Current period Tier 1 capital and CET1 ratios are estimated as of the date of this news release. Basel III Final Rules became effective for the Company on January 1, 2015; thus, Basel III capital ratios are not applicable ("N/A") in periods ending prior to January 1, 2015.

Consolidated Financial Performance Details
(Presented on a fully taxable-equivalent basis unless otherwise noted)
Revenue
Total revenue was $2.1 billion for the current quarter, an increase of $85 million compared to the prior quarter. The increase was driven by higher net interest income and broad-based growth in noninterest income, with particularly strong growth in investment banking income. Compared to the second quarter of 2014, total revenue declined $124 million ; however, excluding the gain on sale of RidgeWorth in the second quarter of 2014, revenue declined $19 million , driven largely by a decrease in net interest income and foregone RidgeWorth revenue, partially offset by higher investment banking income.
For the six months ended June 30, 2015, total revenue was $4.1 billion , a decline of $161 million compared to the first six months of 2014. The decline was driven by the gain on sale of RidgeWorth and associated foregone revenue and a decline in net interest income, partially offset by increases in most noninterest income categories.

3

Net Interest Income
Net interest income was $1.2 billion for the current quarter, an increase of $28 million compared to the prior quarter. The increase was primarily due to an additional day in the second quarter, an improvement in core loan yields, and higher commercial loan-related swap income. Compared to the second quarter of 2014, the $41 million decline in net interest income was driven by lower commercial loan-related swap income and lower earning asset yields, partially offset by growth in average earning assets.
Net interest margin for the current quarter was 2.86% compared to 2.83% in the prior quarter and 3.11% in the second quarter of 2014. The 3 basis point increase compared to the prior quarter was largely driven by higher commercial loan-related swap income and higher consumer and mortgage loan yields. The 25 basis point decline in net interest margin compared to the second quarter of 2014 was due primarily to 20 and 52 basis point declines in loan and investment securities yields, respectively. The decline in loan yields was due to a reduction in commercial loan-related swap income, as well as the prolonged low interest rate environment, which impacted both loan and investment security yields.
For the six months ended June 30, 2015, net interest income was $2.4 billion , a $105 million decrease compared to the first six months of 2014. The net interest margin was 2.85% for the first half of 2015, a 30 basis point decline compared to the same period in 2014. The declines in both net interest income and net interest margin were driven by the same factors that impacted the year-over-year comparisons discussed above.
Noninterest Income
Noninterest income was $874 million for the current quarter, compared to $817 million for the prior quarter and $957 million for the second quarter of 2014. The $57 million increase from the prior quarter was due to increased investment banking revenue, increases in other fee income categories, and higher gains on the sale of securities, partially offset by a decline in mortgage-related income. Compared to the second quarter of 2014, noninterest income decreased $83 million , driven primarily by the gain on sale of RidgeWorth in the second quarter of 2014 and the associated foregone revenue, partially offset by higher mortgage-related and investment banking revenue, along with higher gains on the sale of investment securities.
Investment banking income was $145 million for the current quarter, compared to $97 million in the prior quarter and $119 million in the second quarter of 2014. The sequential quarter increase was due to strong client-driven performance across most product areas, particularly in syndicated finance, debt capital markets, equity origination, and M&A advisory. Compared to the second quarter of 2014, the increase was due to higher equity origination fees and debt capital markets activity.
Trading income was $54 million for the current quarter, compared to $55 million for the prior quarter and $47 million in the second quarter of 2014. The sequential quarter decrease was driven by lower core trading revenue, mostly offset by an increase in mark-to-market valuation gains on the Company's debt carried at fair value. Compared to the second quarter of 2014, the increase was driven largely by an increase in mark-to-market valuation gains on the Company's debt carried at fair value, partially offset by lower core trading income.
Mortgage production-related income for the current quarter was $76 million compared to $83 million for the prior quarter and $52 million for the second quarter of 2014. The sequential quarter decrease was due to a decline in interest rate lock volume and gain-on-sale margins. The increase compared to the second quarter of 2014 was driven by higher mortgage production volume and a decline in the provision for repurchases, partially offset by a decline in gain-on-sale margins. Gain-on-sale margins in the current quarter were adversely impacted by higher mortgage interest rates and an increase in loan production from the correspondent channel. Mortgage production volume increased 27% compared to the prior quarter and 59% compared to the second quarter of 2014. Applications declined 10% sequentially, entirely driven by lower refinance activity given the increase in interest rates in the second quarter, partially offset by strong growth in purchase applications.

4

Mortgage servicing income was $30 million for the current quarter, compared to $43 million in the prior quarter and $45 million in the second quarter of 2014. The decline compared to the prior quarter was driven by higher servicing asset decay, resulting from increased prepayments, and lower net hedge gains. Compared to the second quarter of 2014, the decline was due to higher decay in the current quarter, partially offset by higher servicing fees as a result of a larger servicing portfolio. The servicing portfolio was $145 billion at June 30, 2015 , compared to $134 billion at June 30 , 2014 .
Trust and investment management income was $84 million in both the current and prior quarter and $116 million in the second quarter of 2014. The $32 million decline compared to the prior year was due entirely to foregone revenue resulting from the sale of RidgeWorth in the second quarter of 2014.
Other noninterest income was $52 million for the current quarter, compared to $63 million in the prior quarter and $170 million in the second quarter of 2014. The sequential quarter decrease was primarily due to an $18 million gain from the sale of legacy affordable housing investments in the prior quarter, partially offset by higher leasing-related income in the current quarter. Compared to the prior year, the decline was driven by the $105 million pre-tax gain on the sale of RidgeWorth and gains on the sale of government-guaranteed mortgage loans in the second quarter of 2014.
For the six months ended June 30, 2015, noninterest income was $1.7 billion , a decrease of $56 million compared to the first six months of 2014. The decline was due to the gain on the sale of RidgeWorth and associated foregone revenue, partially offset by higher investment banking and mortgage production income, as well as growth in other fee categories.
Noninterest Expense
Noninterest expense for the current quarter was $1.3 billion , compared to $1.3 billion in the prior quarter and $1.5 billion in the second quarter of 2014. The $48 million increase relative to the prior quarter was primarily due to $14 million of debt extinguishment costs incurred in the current quarter and discrete recoveries recognized in the prior quarter. Additionally, a decline in seasonally higher employee compensation in the prior quarter was partially offset by higher incentive compensation in the current quarter related to improved business performance. Compared to the prior year, the decline in noninterest expense was due to $179 million of specific legacy mortgage-related operating losses recognized in the second quarter of 2014.
Employee compensation and benefits expense was $756 million in the current quarter, compared to $771 million in the prior quarter and $763 million in the second quarter of 2014. The sequential decrease of $15 million was due to the seasonal decline in employee benefits and FICA taxes, partially offset by higher salaries and incentive compensation driven by improved business performance. The $7 million decrease from the second quarter of 2014 was largely a result of the sale of RidgeWorth, partially offset by higher incentive compensation.
Operating losses were $16 million in the current quarter, compared to $14 million in the prior quarter, and $218 million in the second quarter of 2014, which included $179 million of net charges related to specific legacy mortgage-related matters.
Outside processing and software expense was $204 million in the current quarter, compared to $189 million in the prior quarter and $181 million in the second quarter of 2014. The $15 million sequential increase was primarily due to higher business activity levels, as well as timing associated with rendering certain services. The $23 million increase compared to second quarter of 2014 was due to similar factors that drove the sequential increase, in addition to higher technology and regulatory costs.
Marketing and customer development expense was $34 million in the current quarter, compared to $27 million in the prior quarter and $30 million in the second quarter of 2014. Compared to the prior quarter, the $7 million increase was driven largely by an increase in advertising expenses as a result of seasonally lower activity in the prior quarter.

5

FDIC premium and regulatory expense was $35 million in the current quarter, compared to $37 million in the prior quarter, and $40 million in the second quarter of 2014. The decline in the current quarter compared to both periods was driven by lower FDIC insurance premiums arising from improvements in the Company's risk profile.
Other noninterest expense was $149 million in the current quarter, compared to $111 million in the prior quarter and $156 million in the second quarter of 2014. The $38 million sequential increase was driven primarily by the recognition of $14 million of debt extinguishment costs related to wholesale funding repositioning activity in the current quarter and $17 million in discrete recoveries recognized in the prior quarter. The $7 million decrease compared to the second quarter of 2014 was driven primarily by broad-based declines in other expense categories, partially offset by the debt extinguishment costs recognized in the current quarter.
For the six months ended June 30, 2015, noninterest expense was $2.6 billion compared to $2.9 billion for the first six months of 2014. The $266 million decrease was driven by the aforementioned decline in operating losses related to legacy mortgage-related matters and affordable housing impairment charges recognized in 2014, the decline in RidgeWorth-related expenses, and the continued focus on expense management.
Income Taxes
For the current quarter, the Company recorded an income tax provision of $202 million , compared to $191 million for the prior quarter and $173 million for the second quarter of 2014. The effective tax rate for the current quarter was approximately 29% , compared to approximately 31% in the prior quarter, and approximately 30% in the second quarter of 2014. The effective tax rate in the current quarter was favorably impacted by $15 million in net discrete income tax items.
Balance Sheet
At June 30, 2015 , the Company had total assets of $188.9 billion and shareholders’ equity of $23.2 billion , representing 12% of total assets. Book value per share was $42.46 , and tangible book value per share was $30.65 , both up compared to December 31, 2014, driven by growth in retained earnings.
Loans
Average performing loans were $132.2 billion for the current quarter, a slight decrease from the prior quarter, and up 2% over the second quarter of 2014. In May, the Company transferred approximately $1.0 billion of indirect automobile loans to held for sale that were ultimately sold to third parties through a loan securitization in June. The securitization transaction had an immaterial upfront financial impact and was also the primary driver of a $424 million decline in average consumer indirect loans compared to the prior quarter. Additionally, sequential quarter declines in average guaranteed student loans and average CRE loans of $410 million and $329 million , respectively, reflected the impact of loan sales and continued pay down activity during the quarter. Average consumer direct loans and average nonguaranteed residential mortgages increased $393 million and $375 million , respectively. Compared to the second quarter of 2014, average performing loans increase d $2.4 billion , or 2% , with growth concentrated in C&I and consumer direct loans. This loan growth was partially offset by declines in guaranteed residential mortgage, guaranteed student, and consumer indirect loans driven by the Company's balance sheet management activities over the previous several quarters.
Deposits
Average client deposits for the current quarter were $142.9 billion , compared to $140.5 billion in the prior quarter and $130.5 billion in the second quarter of 2014. Sequentially, average client deposits increase d 2% due to a $1.2 billion , or 4% , increase in NOW account balances, a $1.0 billion , or 2% , increase in demand deposits, and a $0.3 billion , or 1% , increase in money market account balances. Partially offsetting this growth in lower-cost deposits was a $0.4 billion , or 3% , decline in time deposits. Compared to the second quarter of 2014, average client deposits increased 9% , driven by increases in lower-cost deposits, partially offset by a $1.7 billion , or 14% , decrease in time deposits.

6

Capital and Liquidity
The Company’s estimated capital ratios were well above current regulatory requirements with Common Equity Tier 1 and Tier 1 capital ratios at an estimated 9.8% and 10.5%, respectively, at June 30, 2015 , on a fully phased-in basis. The ratios of average total equity to average total assets and tangible equity to tangible assets were 12.34% and 9.37% , respectively, at June 30 , 2015 . The Company continues to have substantial available liquidity in the form of its client deposit base, cash, high-quality government-backed securities, and other available funding sources.
During the second quarter , the Company declared a common stock dividend of $0.24 per common share, an increase of $0.04 per share from the prior quarter and the second quarter of 2014. Additionally, during the current quarter, the Company repurchased $175 million of its outstanding common stock. Per its 2015 capital plan, the Company currently expects to repurchase approximately $700 million of additional common stock over the next four quarters.
Asset Quality
Total nonperforming assets were $657 million at June 30, 2015 , down 6% compared to the prior quarter and 37% compared to the second quarter of 2014. During the second quarter, the Company transferred $110 million of nonperforming mortgage loans to held for sale. At June 30 , 2015 , the percentage of nonperforming loans to total loans was 0.36% compared to 0.46% at March 31 , 2015. Other real estate owned totaled $72 million , a 9% decrease from the prior quarter and a 47% decrease from the second quarter of 2014.
The provision for credit losses was $26 million , a decline of $29 million from the prior quarter and $47 million from the second quarter of 2014, driven by the continued improvement in asset quality, slower loan growth, and lower net charge-offs. Net charge-offs were $87 million during the current quarter, a decrease of $12 million and $26 million compared to the prior quarter and the second quarter of 2014, respectively. The ratio of annualized net charge-offs to total average loans was 0.26% during the current quarter, compared to 0.30% during the prior quarter and 0.35% during the second quarter of 2014.
At June 30 , 2015 , the allowance for loan and lease losses was $1.8 billion , which represented 1.39% of total loans, a decline of $59 million , or 4 basis points, from March 31 , 2015. The decline was due to the continued improvement in asset quality during the quarter.
Early stage delinquencies declined 6 basis points from the prior quarter to 0.50% at June 30 , 2015 . Excluding government-guaranteed loans, early stage delinquencies were 0.25%, down 1 basis point from the prior quarter.
Accruing restructured loans totaled $2.6 billion and nonaccruing restructured loans totaled $185 million at June 30 , 2015 , of which $2.5 billion were residential loans, $128 million were consumer loans, and $89 million were commercial loans.

7

OTHER INFORMATION
Business Segment Results
The Company has included business segment financial tables as part of this release. 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 represents net charge-offs by segment combined with an allocation to the segments of the provision attributable to quarterly changes in the allowance for loan and lease losses and unfunded commitment reserve balances. SunTrust also reports results for Corporate Other, which includes the Treasury department as well as the residual expense associated with operational and support expense allocations. The Corporate Other segment also includes differences created between internal management accounting practices and U.S. Generally Accepted Accounting Principles ("U.S. GAAP") and certain matched-maturity funds transfer pricing credits and charges. A detailed discussion of the business segment results will be included in the Company’s forthcoming Form 10-Q.
Corresponding Financial Tables and Information
Investors are encouraged to review the foregoing summary and discussion of SunTrust’s earnings and financial condition in conjunction with the detailed financial tables and information which SunTrust has also published today and SunTrust’s forthcoming Form 10-Q. Detailed financial tables and other information are also available at investors.suntrust.com. This information is also included in a current report on Form 8-K furnished with the SEC today.
Conference Call
SunTrust management will host a conference call on July 17 , 2015, 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: 2Q15). Individuals calling from outside the United States should dial 1-517-308-9091 (Passcode: 2Q15). A replay of the call will be available approximately one hour after the call ends on July 17 , 2015, and will remain available until August 17, 2015, by dialing 1-866-513-4385 (domestic) or 1-203-369-1984 (international). Alternatively, individuals may listen to the live webcast of the presentation by visiting the SunTrust investor relations website at investors.suntrust.com. Beginning the afternoon of July 17 , 2015, listeners may access an archived version of the webcast in the “Events & Presentations” section of the investor relations website. This webcast will be archived and available for one year.
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 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,” “forecast,” “goals,” “targets,” “initiatives,” “focus,” “potentially,” “probably,” “projects,” “outlook” or similar expressions or future conditional verbs such as “may,” “will,” “should,” “would,” and “could.” Forward-looking statements are based upon the current beliefs and expectations of management and on information currently available to management. Our statements speak as of the date hereof, and we do not assume any obligation to update these statements or to update the reasons why actual results could differ from those contained in such statements in light of new information or future events.

Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward looking statements. Future dividends, and the amount of any such dividend, must be declared by our board of directors in the future in their discretion. Also, future share repurchases and the timing of any such repurchase are subject to market conditions and management's discretion. Additional factors that could cause actual results to differ materially from those described in the forward-looking statements can be found in Part I, “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2014 and in other periodic reports that we file with the SEC.

9

SunTrust Banks, Inc. and Subsidiaries
FINANCIAL HIGHLIGHTS

																						
 	Three Months Ended June 30	 	%	 	Six Months Ended June 30	 	%	
(Dollars in millions and shares in thousands, except per share data) (Unaudited) 	2015		2014	 	Change	 	2015		2014	 	Change	
EARNINGS & DIVIDENDS	 		 	 	 	 	 		 	 	 	
Net income		$483				$399		 	21	 %	 		$912				$804		 	13	 %	
Net income available to common shareholders	467			387		 	21		 	877			780		 	12		
Adjusted net income available to common shareholders 1	467		 	436		 	7		 	877		 	829		 	6		
Total revenue - FTE  1, 2	2,077		 	2,201		 	(6	)	 	4,070		 	4,231		 	(4	)	
Total revenue - FTE, excluding gain
on sale of asset management subsidiary 1, 2	2,077		 	2,096		 	(1	)	 	4,070		 	4,126		 	(1	)	
Net income per average common share:	 	 	 	 	 	 	 	 	 	 	 	
Diluted	0.89			0.72		 	24		 	1.67			1.45		 	15		
Adjusted diluted 1	0.89		 	0.81		 	10		 	1.67		 	1.54		 	8		
Basic	0.90			0.73		 	23		 	1.69			1.47		 	15		
Dividends paid per common share	0.24			0.20		 	20		 	0.44			0.30		 	47		
CONDENSED BALANCE SHEETS	 	 	 	 	 	 	 	 	 	 	 	
Selected Average Balances:	 	 	 	 	 	 	 	 	 	 	 	
Total assets		$188,310				$179,820		 	5	 %	 		$188,785				$178,404		 	6	 %	
Earning assets	168,461			160,373		 	5		 	168,321			158,866		 	6		
Loans	132,829			130,734		 	2		 	133,082			129,635		 	3		
Intangible assets including MSRs	7,572			7,614		 	(1	)	 	7,537			7,640		 	(1	)	
MSRs	1,223			1,220		 	—		 	1,188			1,242		 	(4	)	
Consumer and commercial deposits	142,851			130,472		 	9		 	141,670			129,440		 	9		
Brokered time and foreign deposits	1,118			1,893		 	(41	)	 	1,183			1,953		 	(39	)	
Total shareholders’ equity	23,239			21,994		 	6		 	23,206			21,861		 	6		
Preferred stock	1,225			725		 	69		 	1,225			725		 	69		
Period End Balances:	 	 	 	 	 	 	 	 	 	 	 	
Total assets	 	 	 	 	 	 	188,858			182,559		 	3		
Earning assets	 	 	 	 	 	 	168,499			162,422		 	4		
Loans	 	 	 	 	 	 	132,538			129,744		 	2		
Allowance for loan and lease losses ("ALLL")	 	 	 	 	 	 	1,834			2,003		 	(8	)	
Consumer and commercial deposits	 	 	 	 	 	 	143,922			131,792		 	9		
Brokered time and foreign deposits	 	 	 	 	 	 	1,015			1,493		 	(32	)	
Total shareholders’ equity	 	 	 	 	 	 	23,223			22,131		 	5		
FINANCIAL RATIOS & OTHER DATA	 	 	 	 	 	 	 	 	 	 	 	
Return on average total assets	1.03	%		0.89	%	 	16	 %	 	0.97	%		0.91	%	 	7	 %	
Return on average common shareholders’ equity	8.50			7.29		 	17		 	8.05			7.44		 	8		
Return on average tangible common shareholders' equity 1	11.77			10.29		 	14		 	11.16			10.53		 	6		
Net interest margin  2	2.86			3.11		 	(8	)	 	2.85			3.15		 	(10	)	
Efficiency ratio  2	63.92			68.93		 	(7	)	 	64.07			67.92		 	(6	)	
Tangible efficiency ratio  1, 2	63.59			68.77		 	(8	)	 	63.75			67.76		 	(6	)	
Effective tax rate  	29			30		 	(3	)	 	30			27		 	11		
Basel III capital ratios at period end (transitional) 3 :	 	 	 	 	 	 	 	 	 	 	 	
CET1	 	 	 	 	 	 	9.90	%	 	N/A		 	 	
Tier 1 capital	 	 	 	 	 	 	10.75		 	N/A		 	 	
Total capital	 	 	 	 	 	 	12.60		 	N/A		 	 	
Leverage	 	 	 	 	 	 	9.55		 	N/A		 	 	
Basel III fully phased-in CET1 ratio 3	 	 	 	 	 	 	9.75		 	N/A		 	 	
Basel I capital ratios at period end 3 :	 	 	 	 	 	 	 	 	 	 	 	
Tier 1 common	 	 	 	 	 	 	N/A			9.72	%	 	 	
Tier 1 capital	 	 	 	 	 	 	N/A			10.66		 	 	
Total capital	 	 	 	 	 	 	N/A			12.53		 	 	
Tier 1 leverage	 	 	 	 	 	 	N/A			9.56		 	 	
Total average shareholders’ equity to total average assets	12.34			12.23		 	1		 	12.29			12.25		 	—		
Tangible equity to tangible assets  1	 	 	 	 	 	 	9.37			9.07		 	3		
 	 	 	 	 	 	 	 	 	 	 	 	
Book value per common share	 	 	 	 	 	 		$42.46				$40.18		 	6		
Tangible book value per common share  1	 	 	 	 	 	 	30.65			28.64		 	7		
Market capitalization	 	 	 	 	 	 	22,286			21,344		 	4		
Average common shares outstanding:	 	 	 	 	 	 	 	 	 	 	 	
Diluted	522,479			535,486		 	(2	)	 	524,646			536,234		 	(2	)	
Basic	516,968			529,764		 	(2	)	 	518,983			530,459		 	(2	)	
Full-time equivalent employees	 	 	 	 	 	 	24,237			25,841		 	(6	)	
Number of ATMs	 	 	 	 	 	 	2,162			2,212		 	(2	)	
Full service banking offices	 	 	 	 	 	 	1,430			1,473		 	(3	)	

1  	See Appendix A for reconcilements of non-U.S. 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 an FTE basis plus noninterest income.	
3 Current period capital ratios are estimated as of the earnings release date. Basel III Final Rules became effective for the Company on January 1, 2015; thus, Basel III capital ratios are not applicable ("N/A") in periods ending prior to January 1, 2015 and Basel I capital ratios are N/A in periods ending subsequent to January 1, 2015.

10

SunTrust Banks, Inc. and Subsidiaries
FIVE QUARTER FINANCIAL HIGHLIGHTS

																				
 	Three Months Ended	
 	June 30	 	March 31	 	December 31	 	September 30	 	June 30	
(Dollars in millions and shares in thousands, except per share data) (Unaudited)	2015	 	2015	 	2014	 	2014	 	2014	
EARNINGS & DIVIDENDS	 	 	 	 	 	 	 	 	 	
Net income		$483		 		$429		 		$394		 		$576		 		$399		
Net income available to common shareholders	467		 	411		 	378		 	563		 	387		
Adjusted net income available to common shareholders 1	467		 	411		 	466		 	433		 	436		
Total revenue - FTE 1, 2	2,077		 	1,992		 	2,043		 	2,031		 	2,201		
Total revenue - FTE, excluding gain on sale of asset management subsidiary 1, 2	2,077		 	1,992		 	2,043		 	2,031		 	2,096		
Net income per average common share:	 	 	 	 	 	 	 	 	 	
Diluted	0.89		 	0.78		 	0.72		 	1.06		 	0.72		
Adjusted diluted 1	0.89		 	0.78		 	0.88		 	0.81		 	0.81		
Basic	0.90		 	0.79		 	0.72		 	1.07		 	0.73		
Dividends paid per common share	0.24		 	0.20		 	0.20		 	0.20		 	0.20		
CONDENSED BALANCE SHEETS	 	 	 	 	 	 	 	 	 	
Selected Average Balances:	 	 	 	 	 	 	 	 	 	
Total assets		$188,310		 		$189,265		 		$188,341		 		$183,433		 		$179,820		
Earning assets	168,461		 	168,179		 	167,227		 	163,688		 	160,373		
Loans	132,829		 	133,338		 	133,438		 	130,747		 	130,734		
Intangible assets including MSRs	7,572		 	7,502		 	7,623		 	7,615		 	7,614		
MSRs	1,223		 	1,152		 	1,272		 	1,262		 	1,220		
Consumer and commercial deposits	142,851		 	140,476		 	136,892		 	132,195		 	130,472		
Brokered time and foreign deposits	1,118		 	1,250		 	1,399		 	1,624		 	1,893		
Total shareholders’ equity	23,239		 	23,172		 	22,754		 	22,191		 	21,994		
Preferred stock	1,225		 	1,225		 	1,024		 	725		 	725		
Period End Balances:	 	 	 	 	 	 	 	 	 	
Total assets	188,858		 	189,881		 	190,328		 	186,818		 	182,559		
Earning assets	168,499		 	168,269		 	168,678		 	165,434		 	162,422		
Loans	132,538		 	132,380		 	133,112		 	132,151		 	129,744		
ALLL	1,834		 	1,893		 	1,937		 	1,968		 	2,003		
Consumer and commercial deposits	143,922		 	143,239		 	139,234		 	135,077		 	131,792		
Brokered time and foreign deposits	1,015		 	1,184		 	1,333		 	1,430		 	1,493		
Total shareholders’ equity	23,223		 	23,260		 	23,005		 	22,269		 	22,131		
FINANCIAL RATIOS & OTHER DATA	 	 	 	 	 	 	 	 	 	
Return on average total assets	1.03	%	 	0.92	%	 	0.83	%	 	1.25	%	 	0.89	%	
Return on average common shareholders’ equity	8.50		 	7.59		 	6.91		 	10.41		 	7.29		
Return on average tangible common shareholders' equity 1	11.77		 	10.53		 	9.62		 	14.59		 	10.29		
Net interest margin  2	2.86		 	2.83		 	2.96		 	3.03		 	3.11		
Efficiency ratio 2	63.92		 	64.23		 	69.00		 	62.03		 	68.93		
Tangible efficiency ratio 1, 2	63.59		 	63.91		 	68.44		 	61.69		 	68.77		
Effective tax rate	29		 	31		 	25		 	10		 	30		
Basel III capital ratios at period end (transitional) 3 :	 	 	 	 	 	 	 	 	 	
CET1	9.90	%	 	9.89	%	 	N/A		 	N/A		 	N/A		
Tier 1 capital	10.75		 	10.76		 	N/A		 	N/A		 	N/A		
Total capital	12.60		 	12.69		 	N/A		 	N/A		 	N/A		
Leverage	9.55		 	9.41		 	N/A		 	N/A		 	N/A		
Basel III fully phased-in CET1 ratio 3	9.75		 	9.74		 	N/A		 	N/A		 	N/A		
Basel I capital ratios at period end 3 :	 	 	 	 	 	 	 	 	 	
Tier 1 common	N/A		 	N/A		 	9.60	%	 	9.63	%	 	9.72	%	
Tier 1 capital	N/A		 	N/A		 	10.80		 	10.54		 	10.66		
Total capital	N/A		 	N/A		 	12.51		 	12.32		 	12.53		
Tier 1 leverage	N/A		 	N/A		 	9.64		 	9.51		 	9.56		
Total average shareholders’ equity to total average assets	12.34		 	12.24		 	12.08		 	12.10		 	12.23		
Tangible equity to tangible assets  1	9.37		 	9.34		 	9.17		 	8.94		 	9.07		
 	 	 	 	 	 	 	 	 	 	
Book value per common share		$42.46		 		$42.21		 		$41.52		 		$40.85		 		$40.18		
Tangible book value per common share  1	30.65		 	30.49		 	29.82		 	29.21		 	28.64		
Market capitalization	22,286		 	21,450		 	21,978		 	20,055		 	21,344		
Average common shares outstanding:		 		 		 		 		
Diluted	522,479		 	526,837		 	527,959		 	533,230		 	535,486		
Basic	516,968		 	521,020		 	521,775		 	527,402		 	529,764		
Full-time equivalent employees	24,237		 	24,466		 	24,638		 	25,074		 	25,841		
Number of ATMs	2,162		 	2,176		 	2,187		 	2,192		 	2,212		
Full service banking offices	1,430		 	1,444		 	1,445		 	1,454		 	1,473		

1  	See Appendix A for reconcilements of non-U.S. 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 an FTE basis plus noninterest income.	
3 Current period capital ratios are estimated as of the earnings release date. Basel III Final Rules became effective for the Company on January 1, 2015; thus, Basel III capital ratios are not applicable ("N/A") in periods ending prior to January 1, 2015 and Basel I capital ratios are N/A in periods ending subsequent to January 1, 2015.

11

SunTrust Banks, Inc. and Subsidiaries
CONSOLIDATED STATEMENTS OF INCOME

																														
 	Three Months Ended	 	(Decrease)/Increase	 	Six Months Ended	 	(Decrease)/Increase	
(Dollars in millions and shares in thousands, except per share data) (Unaudited)	June 30	 			June 30	 		
	2015		2014	 	Amount	 	  % 2	 	2015		2014	 	Amount	 	  % 2	
Interest income		$1,297				$1,346		 		($49	)	 	(4	)%	 		$2,569				$2,683		 		($114	)	 	(4	)%	
Interest expense	130			137		 	(7	)	 	(5	)	 	262			269		 	(7	)	 	(3	)	
NET INTEREST INCOME	1,167			1,209		 	(42	)	 	(3	)	 	2,307			2,414		 	(107	)	 	(4	)	
Provision for credit losses	26			73		 	(47	)	 	(64	)	 	82			175		 	(93	)	 	(53	)	
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	1,141			1,136		 	5		 	—		 	2,225			2,239		 	(14	)	 	(1	)	
NONINTEREST INCOME	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Service charges on deposit accounts	156		 	160		 	(4	)	 	(3	)	 	308			314		 	(6	)	 	(2	)	
Other charges and fees	99		 	91		 	8		 	9		 	188			179		 	9		 	5		
Card fees	84		 	82		 	2		 	2		 	164			158		 	6		 	4		
Investment banking income	145		 	119		 	26		 	22		 	242			207		 	35		 	17		
Trading income	54		 	47		 	7		 	15		 	109			96		 	13		 	14		
Trust and investment management income	84		 	116		 	(32	)	 	(28	)	 	168		 	247		 	(79	)	 	(32	)	
Retail investment services	80		 	76		 	4		 	5		 	152		 	147		 	5		 	3		
Mortgage production related income	76		 	52		 	24		 	46		 	159			95		 	64		 	67		
Mortgage servicing related income	30		 	45		 	(15	)	 	(33	)	 	73			99		 	(26	)	 	(26	)	
Net securities gains/(losses)	14		 	(1	)	 	15		 	NM		 	14			(2	)	 	16		 	NM		
Other noninterest income	52		 	170		 	(118	)	 	(69	)	 	115			208		 	(93	)	 	(45	)	
Total noninterest income	874			957		 	(83	)	 	(9	)	 	1,692			1,748		 	(56	)	 	(3	)	
NONINTEREST EXPENSE	 	 	 	 	 	 	 	 	 		 	 	 	 	 	
Employee compensation and benefits	756		 	763		 	(7	)	 	(1	)	 	1,527			1,563		 	(36	)	 	(2	)	
Outside processing and software	204		 	181		 	23		 	13		 	394			351		 	43		 	12		
Net occupancy expense	85		 	83		 	2		 	2		 	169			169		 	—		 	—		
Equipment expense	42		 	42		 	—		 	—		 	82		 	86		 	(4	)	 	(5	)	
FDIC premium/regulatory exams	35		 	40		 	(5	)	 	(13	)	 	72		 	80		 	(8	)	 	(10	)	
Marketing and customer development	34		 	30		 	4		 	13		 	61			56		 	5		 	9		
Operating losses	16		 	218		 	(202	)	 	(93	)	 	30			239		 	(209	)	 	(87	)	
Amortization	7		 	4		 	3		 	75		 	13		 	7		 	6		 	86		
Other noninterest expense	149		 	156		 	(7	)	 	(4	)	 	260			323		 	(63	)	 	(20	)	
Total noninterest expense	1,328			1,517		 	(189	)	 	(12	)	 	2,608			2,874		 	(266	)	 	(9	)	
INCOME BEFORE PROVISION FOR INCOME TAXES	687			576		 	111		 	19		 	1,309			1,113		 	196		 	18		
Provision for income taxes	202			173		 	29		 	17		 	393			298		 	95		 	32		
NET INCOME INCLUDING INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	485			403		 	82		 	20		 	916			815		 	101		 	12		
Net income attributable to noncontrolling interest	2			4		 	(2	)	 	(50	)	 	4			11		 	(7	)	 	(64	)	
NET INCOME		$483				$399		 		$84		 	21	 %	 		$912				$804		 		$108		 	13	 %	
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS		$467				$387		 		$80		 	21	 %	 		$877				$780		 		$97		 	12	 %	
Net interest income - FTE  1	1,203			1,244		 	(41	)	 	(3	)	 	2,378			2,483		 	(105	)	 	(4	)	
Net income per average common share:	 	 	 	 		 		 	 	 	 	 	 	 	 	
Diluted	0.89			0.72		 	0.17		 	24		 	1.67			1.45		 	0.22		 	15		
Basic	0.90			0.73		 	0.17		 	23		 	1.69			1.47		 	0.22		 	15		
Cash dividends paid per common share	0.24			0.20		 	0.04		 	20		 	0.44			0.30		 	0.14		 	47		
Average common shares outstanding:	 	 	 	 		 		 	 	 	 	 	 	 	 	
Diluted	522,479			535,486		 	(13,007	)	 	(2	)	 	524,646			536,234		 	(11,588	)	 	(2	)	
Basic	516,968			529,764		 	(12,796	)	 	(2	)	 	518,983			530,459		 	(11,476	)	 	(2	)	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
1 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-U.S. GAAP measure to the related U.S.GAAP measure.
2 “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

																											
 	Three Months Ended	 	 	 	Three Months Ended	
(Dollars in millions and shares in thousands, except per share data)
(Unaudited)	June 30	 	March 31	 	Increase/(Decrease)	 	December 31	 	September 30	 	June 30	
	2015	 	2015	 	Amount	 	  % 2	 	2014	 	2014	 	2014	
Interest income		$1,297		 		$1,272		 		$25		 	2	 %	 		$1,349		 		$1,353		 		$1,346		
Interest expense	130		 	132		 	(2	)	 	(2	)	 	138		 	138		 	137		
NET INTEREST INCOME	1,167		 	1,140		 	27		 	2		 	1,211		 	1,215		 	1,209		
Provision for credit losses	26		 	55		 	(29	)	 	(53	)	 	74		 	93		 	73		
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	1,141		 	1,085		 	56		 	5		 	1,137		 	1,122		 	1,136		
NONINTEREST INCOME	 	 	 	 	 	 	 	 	 	 	 	 	 	
Service charges on deposit accounts	156		 	151		 	5		 	3		 	162		 	169		 	160		
Other charges and fees	99		 	89		 	10		 	11		 	94		 	95		 	91		
Card fees	84		 	80		 	4		 	5		 	82		 	81		 	82		
Investment banking income	145		 	97		 	48		 	49		 	109		 	88		 	119		
Trading income	54		 	55		 	(1	)	 	(2	)	 	40		 	46		 	47		
Trust and investment management income	84		 	84		 	—		 	—		 	84		 	93		 	116		
Retail investment services	80		 	72		 	8		 	11		 	73		 	76		 	76		
Mortgage production related income	76		 	83		 	(7	)	 	(8	)	 	61		 	45		 	52		
Mortgage servicing related income	30		 	43		 	(13	)	 	(30	)	 	53		 	44		 	45		
Net securities gains/(losses)	14		 	—		 	14		 	NM		 	(5	)	 	(9	)	 	(1	)	
Other noninterest income	52		 	63		 	(11	)	 	(17	)	 	42		 	52		 	170		
Total noninterest income	874		 	817		 	57		 	7		 	795		 	780		 	957		
NONINTEREST EXPENSE	 	 	 	 	 	 	 	 	 	 	 	 	 	
Employee compensation and benefits	756		 	771		 	(15	)	 	(2	)	 	670		 	730		 	763		
Outside processing and software	204		 	189		 	15		 	8		 	206		 	184		 	181		
Net occupancy expense	85		 	84		 	1		 	1		 	86		 	84		 	83		
Equipment expense	42		 	40		 	2		 	5		 	42		 	41		 	42		
FDIC premium/regulatory exams	35		 	37		 	(2	)	 	(5	)	 	32		 	29		 	40		
Marketing and customer development	34		 	27		 	7		 	26		 	43		 	35		 	30		
Operating losses	16		 	14		 	2		 	14		 	174		 	29		 	218		
Amortization	7		 	7		 	—		 	—		 	11		 	7		 	4		
Other noninterest expense	149		 	111		 	38		 	34		 	146		 	120		 	156		
Total noninterest expense	1,328		 	1,280		 	48		 	4		 	1,410		 	1,259		 	1,517		
INCOME BEFORE PROVISION FOR INCOME TAXES	687		 	622		 	65		 	10		 	522		 	643		 	576		
Provision for income taxes	202		 	191		 	11		 	6		 	128		 	67		 	173		
NET INCOME INCLUDING INCOME ATTRIBUTABLE
TO NONCONTROLLING INTEREST	485		 	431		 	54		 	13		 	394		 	576		 	403		
Net income attributable to noncontrolling interest	2		 	2		 	—		 	—		 	—		 	—		 	4		
NET INCOME		$483		 		$429		 		$54		 	13	 %	 		$394		 		$576		 		$399		
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS		$467		 		$411		 		$56		 	14	 %	 		$378		 		$563		 		$387		
Net interest income - FTE  1	1,203		 	1,175		 	28		 	2		 	1,248		 	1,251		 	1,244		
Net income per average common share:	 	 	 	 	 	 	 	 	 	 	 	 	 	
Diluted	0.89		 	0.78		 	0.11		 	14		 	0.72		 	1.06		 	0.72		
Basic	0.90		 	0.79		 	0.11		 	14		 	0.72		 	1.07		 	0.73		
Cash dividends paid per common share	0.24		 	0.20		 	0.04		 	20		 	0.20		 	0.20		 	0.20		
Average common shares outstanding:	 	 	 	 	 	 	 	 	 	 	 	 	 	
Diluted	522,479		 	526,837		 	(4,358	)	 	(1	)	 	527,959		 	533,230		 	535,486		
Basic	516,968		 	521,020		 	(4,052	)	 	(1	)	 	521,775		 	527,402		 	529,764		

1 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-U.S. GAAP measure to the related U.S. GAAP measure.
2 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

13

SunTrust Banks, Inc. and Subsidiaries
CONSOLIDATED BALANCE SHEETS

															
 	June 30	 	Increase/(Decrease)	
(Dollars in millions and shares in thousands, except per share data) (Unaudited)	2015	 	2014	 	Amount	 	  % 2	
ASSETS	 	 	 	 	 	 	 	
Cash and due from banks		$5,915		 		$5,681		 		$234		 	4	 %	
Federal funds sold and securities borrowed or purchased under agreements to resell	1,350		 	1,156		 	194		 	17		
Interest-bearing deposits in other banks	23		 	22		 	1		 	5		
Trading assets and derivative instruments	6,438		 	5,141		 	1,297		 	25		
Securities available for sale	27,113		 	24,015		 	3,098		 	13		
Loans held for sale ("LHFS")	2,457		 	4,046		 	(1,589	)	 	(39	)	
Loans held for investment:	 	 	 	 	 	 	 	
Commercial and industrial ("C&I")	65,713		 	61,337		 	4,376		 	7		
Commercial real estate ("CRE")	6,058		 	6,105		 	(47	)	 	(1	)	
Commercial construction	1,530		 	1,096		 	434		 	40		
Residential mortgages - guaranteed	625		 	661		 	(36	)	 	(5	)	
Residential mortgages - nonguaranteed	24,038		 	24,173		 	(135	)	 	(1	)	
Residential home equity products	13,672		 	14,519		 	(847	)	 	(6	)	
Residential construction	401		 	508		 	(107	)	 	(21	)	
Consumer student - guaranteed	4,401		 	5,420		 	(1,019	)	 	(19	)	
Consumer other direct	5,329		 	3,675		 	1,654		 	45		
Consumer indirect	9,834		 	11,501		 	(1,667	)	 	(14	)	
Consumer credit cards	937		 	749		 	188		 	25		
Total loans held for investment	132,538		 	129,744		 	2,794		 	2		
Allowance for loan and lease losses ("ALLL")	(1,834	)	 	(2,003	)	 	(169	)	 	(8	)	
Net loans held for investment	130,704		 	127,741		 	2,963		 	2		
Goodwill	6,337		 	6,337		 	—		 	—		
Other intangible assets	1,416		 	1,277		 	139		 	11		
Other real estate owned ("OREO")	72		 	136		 	(64	)	 	(47	)	
Other assets	7,033		 	7,007		 	26		 	—		
Total assets 1		$188,858		 		$182,559		 		$6,299		 	3	 %	
LIABILITIES	 	 	 	 	 	 	 	
Deposits:	 	 	 	 	 	 	 	
Noninterest-bearing consumer and commercial deposits		$42,773		 		$40,891		 		$1,882		 	5	 %	
Interest-bearing consumer and commercial deposits:	 	 	 	 	 	 	 	
NOW accounts	35,125		 	29,243		 	5,882		 	20		
Money market accounts	49,586		 	43,942		 	5,644		 	13		
Savings	6,263		 	6,133		 	130		 	2		
Consumer time	6,398		 	7,334		 	(936	)	 	(13	)	
Other time	3,777		 	4,249		 	(472	)	 	(11	)	
Total consumer and commercial deposits	143,922		 	131,792		 	12,130		 	9		
Brokered time deposits	865		 	1,483		 	(618	)	 	(42	)	
Foreign deposits	150		 	10		 	140		 	NM		
Total deposits	144,937		 	133,285		 	11,652		 	9		
Funds purchased	1,011		 	1,053		 	(42	)	 	(4	)	
Securities sold under agreements to repurchase	1,858		 	2,192		 	(334	)	 	(15	)	
Other short-term borrowings	3,248		 	5,870		 	(2,622	)	 	(45	)	
Long-term debt	10,109		 	13,155		 	(3,046	)	 	(23	)	
Trading liabilities and derivative instruments	1,308		 	1,190		 	118		 	10		
Other liabilities	3,164		 	3,683		 	(519	)	 	(14	)	
Total liabilities	165,635		 	160,428		 	5,207		 	3		
SHAREHOLDERS' EQUITY	 	 	 	 	 	 	 	
Preferred stock, no par value	1,225		 	725		 	500		 	69		
Common stock, $1.00 par value	550		 	550		 	—		 	—		
Additional paid in capital	9,080		 	9,085		 	(5	)	 	—		
Retained earnings	13,944		 	12,560		 	1,384		 	11		
Treasury stock, at cost, and other	(1,282	)	 	(730	)	 	552		 	76		
Accumulated other comprehensive loss	(294	)	 	(59	)	 	235		 	NM		
Total shareholders' equity	23,223		 	22,131		 	1,092		 	5		
Total liabilities and shareholders' equity		$188,858		 		$182,559		 		$6,299		 	3	 %	
 	 	 	 	 	 	 	 	
Common shares outstanding	518,045		 	532,800		 	(14,755	)	 	(3	)%	
Common shares authorized	750,000		 	750,000		 	—		 	—		
Preferred shares outstanding	12		 	7		 	5		 	71		
Preferred shares authorized	50,000		 	50,000		 	—		 	—		
Treasury shares of common stock	31,876		 	17,121		 	14,755		 	86		
1 Includes earning assets of $168,499 and $162,422 at June 30 , 2015 and 2014 , 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

																											
 	June 30	 	March 31	 	(Decrease)/Increase	 	December 31	 	September 30	 	June 30	
(Dollars in millions and shares in thousands, except per share data) (Unaudited)	2015	 	2015	 	Amount    	 	  % 2	 	2014	 	2014	 	2014	
ASSETS	 	 	 	 	 	 	 	 	 	 	 	 	 	
Cash and due from banks		$5,915		 		$6,483		 		($568	)	 	(9	)%	 		$7,047		 		$7,178		 		$5,681		
Federal funds sold and securities borrowed or purchased under agreements to resell	1,350		 	1,233		 	117		 	9		 	1,160		 	1,125		 	1,156		
Interest-bearing deposits in other banks	23		 	22		 	1		 	5		 	22		 	22		 	22		
Trading assets and derivative instruments	6,438		 	6,595		 	(157	)	 	(2	)	 	6,202		 	5,782		 	5,141		
Securities available for sale	27,113		 	26,761		 	352		 	1		 	26,770		 	26,162		 	24,015		
LHFS	2,457		 	3,404		 	(947	)	 	(28	)	 	3,232		 	1,739		 	4,046		
Loans held for investment:	 	 	 	 	 	 	 	 	 	 	 	 	 	
C&I	65,713		 	65,574		 	139		 	—		 	65,440		 	63,140		 	61,337		
CRE	6,058		 	6,389		 	(331	)	 	(5	)	 	6,741		 	6,704		 	6,105		
Commercial construction	1,530		 	1,484		 	46		 	3		 	1,211		 	1,250		 	1,096		
Residential mortgages - guaranteed	625		 	655		 	(30	)	 	(5	)	 	632		 	651		 	661		
Residential mortgages - nonguaranteed	24,038		 	23,419		 	619		 	3		 	23,443		 	23,718		 	24,173		
Residential home equity products	13,672		 	13,954		 	(282	)	 	(2	)	 	14,264		 	14,389		 	14,519		
Residential construction	401		 	417		 	(16	)	 	(4	)	 	436		 	464		 	508		
Consumer student - guaranteed	4,401		 	4,337		 	64		 	1		 	4,827		 	5,314		 	5,420		
Consumer other direct	5,329		 	4,937		 	392		 	8		 	4,573		 	4,110		 	3,675		
Consumer indirect	9,834		 	10,336		 	(502	)	 	(5	)	 	10,644		 	11,594		 	11,501		
Consumer credit cards	937		 	878		 	59		 	7		 	901		 	817		 	749		
Total loans held for investment	132,538		 	132,380		 	158		 	—		 	133,112		 	132,151		 	129,744		
ALLL	(1,834	)	 	(1,893	)	 	(59	)	 	(3	)	 	(1,937	)	 	(1,968	)	 	(2,003	)	
Net loans held for investment	130,704		 	130,487		 	217		 	—		 	131,175		 	130,183		 	127,741		
Goodwill	6,337		 	6,337		 	—		 	—		 	6,337		 	6,337		 	6,337		
Other intangible assets	1,416		 	1,193		 	223		 	19		 	1,219		 	1,320		 	1,277		
OREO	72		 	79		 	(7	)	 	(9	)	 	99		 	112		 	136		
Other assets	7,033		 	7,287		 	(254	)	 	(3	)	 	7,065		 	6,858		 	7,007		
Total assets 1		$188,858		 		$189,881		 		($1,023	)	 	(1	)%	 		$190,328		 		$186,818		 		$182,559		
LIABILITIES	 	 	 	 	 	 	 	 	 	 	 	 	 	
Deposits:	 	 	 	 	 	 	 	 	 	 	 	 	 	
Noninterest-bearing consumer and commercial deposits		$42,773		 		$42,376		 		$397		 	1	 %	 		$41,096		 		$42,542		 		$40,891		
Interest-bearing consumer and commercial deposits:	 	 	 	 	 	 	 	 	 	 	 	 		
NOW accounts	35,125		 	34,574		 	551		 	2		 	33,326		 	28,414		 	29,243		
Money market accounts	49,586		 	49,430		 	156		 	—		 	48,013		 	46,892		 	43,942		
Savings	6,263		 	6,304		 	(41	)	 	(1	)	 	5,925		 	6,046		 	6,133		
Consumer time	6,398		 	6,670		 	(272	)	 	(4	)	 	6,881		 	7,068		 	7,334		
Other time	3,777		 	3,885		 	(108	)	 	(3	)	 	3,993		 	4,115		 	4,249		
Total consumer and commercial deposits	143,922		 	143,239		 	683		 	—		 	139,234		 	135,077		 	131,792		
Brokered time deposits	865		 	884		 	(19	)	 	(2	)	 	958		 	1,180		 	1,483		
Foreign deposits	150		 	300		 	(150	)	 	(50	)	 	375		 	250		 	10		
Total deposits	144,937		 	144,423		 	514		 	—		 	140,567		 	136,507		 	133,285		
Funds purchased	1,011		 	1,299		 	(288	)	 	(22	)	 	1,276		 	1,000		 	1,053		
Securities sold under agreements to repurchase	1,858		 	1,845		 	13		 	1		 	2,276		 	2,089		 	2,192		
Other short-term borrowings	3,248		 	1,438		 	1,810		 	NM		 	5,634		 	7,283		 	5,870		
Long-term debt	10,109		 	13,012		 	(2,903	)	 	(22	)	 	13,022		 	12,942		 	13,155		
Trading liabilities and derivative instruments	1,308		 	1,459		 	(151	)	 	(10	)	 	1,227		 	1,231		 	1,190		
Other liabilities	3,164		 	3,145		 	19		 	1		 	3,321		 	3,497		 	3,683		
Total liabilities	165,635		 	166,621		 	(986	)	 	(1	)	 	167,323		 	164,549		 	160,428		
SHAREHOLDERS’ EQUITY	 	 	 	 	 	 	 	 	 	 	 	 	 	
Preferred stock, no par value	1,225		 	1,225		 	—		 	—		 	1,225		 	725		 	725		
Common stock, $1.00 par value	550		 	550		 	—		 	—		 	550		 	550		 	550		
Additional paid in capital	9,080		 	9,074		 	6		 	—		 	9,089		 	9,090		 	9,085		
Retained earnings	13,944		 	13,600		 	344		 	3		 	13,295		 	13,020		 	12,560		
Treasury stock, at cost, and other	(1,282	)	 	(1,124	)	 	158		 	14		 	(1,032	)	 	(939	)	 	(730	)	
Accumulated other comprehensive loss	(294	)	 	(65	)	 	229		 	NM		 	(122	)	 	(177	)	 	(59	)	
Total shareholders’ equity	23,223		 	23,260		 	(37	)	 	—		 	23,005		 	22,269		 	22,131		
Total liabilities and shareholders’ equity		$188,858		 		$189,881		 		($1,023	)	 	(1	)%	 		$190,328		 		$186,818		 		$182,559		
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Common shares outstanding	518,045		 	522,031		 	(3,986	)	 	(1	)%	 	524,540		 	527,358		 	532,800		
Common shares authorized	750,000		 	750,000		 	—		 	—		 	750,000		 	750,000		 	750,000		
Preferred shares outstanding	12		 	12		 	—		 	—		 	12		 	7		 	7		
Preferred shares authorized	50,000		 	50,000		 	—		 	—		 	50,000		 	50,000		 	50,000		
Treasury shares of common stock	31,876		 	27,890		 	3,986		 	14		 	25,381		 	22,563		 	17,121		
1 Includes earning assets of $168,499 , $168,269 , $168,678 , $165,434 , and $162,422 at June 30 , 2015 , March 31 , 2015 , December 31 , 2014 , September 30 , 2014 , and June 30 , 2014 , 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, INCOME/EXPENSE, AND AVERAGE YIELDS EARNED/RATES PAID	
 	Three Months Ended	 	Increase/(Decrease) From	
 	June 30, 2015	 	March 31, 2015	 	Sequential Quarter	 	Prior Year Quarter	
(Dollars in millions) (Unaudited)	Average
Balances  	 	Interest
Income/
Expense  	 	Yields/
Rates	 	Average
Balances	 	Interest
Income/
Expense  	 	Yields/
Rates	 	Average
Balances	 	Yields/
Rates	 	Average
Balances  	 	Yields/
Rates	
ASSETS	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Loans held for investment: 1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial and industrial ("C&I") - FTE  2		$65,743				$525			3.20	%	 		$65,725		 		$511		 	3.15	%	 		$18		 	0.05		 		$5,602		 	(0.43	)	
Commercial real estate ("CRE")	6,146			43			2.81		 	6,475		 	44		 	2.77		 	(329	)	 	0.04		 	94		 	(0.11	)	
Commercial construction	1,519			12			3.18		 	1,342		 	10		 	3.17		 	177		 	0.01		 	513		 	(0.23	)	
Residential mortgages - guaranteed	631			6			3.85		 	638		 	6		 	3.58		 	(7	)	 	0.27		 	(2,363	)	 	0.23		
Residential mortgages - nonguaranteed	23,479			226			3.86		 	23,104		 	222		 	3.84		 	375		 	0.02		 	(370	)	 	(0.12	)	
Residential home equity products	13,657			125			3.68		 	13,953		 	125		 	3.63		 	(296	)	 	0.05		 	(737	)	 	0.10		
Residential construction	382			5			4.83		 	398		 	5		 	5.21		 	(16	)	 	(0.38	)	 	(92	)	 	0.49		
Consumer student - guaranteed	4,345			41			3.74		 	4,755		 	43		 	3.70		 	(410	)	 	0.04		 	(1,118	)	 	0.10		
Consumer other direct	5,140			55			4.27		 	4,747		 	50		 	4.24		 	393		 	0.03		 	1,798		 	0.04		
Consumer indirect	10,284			82			3.20		 	10,708		 	83		 	3.13		 	(424	)	 	0.07		 	(1,104	)	 	0.01		
Consumer credit cards	904			22			9.85		 	880		 	22		 	9.84		 	24		 	0.01		 	172		 	0.22		
Nonaccrual	599			8			5.33		 	613		 	4		 	2.90		 	(14	)	 	2.43		 	(300	)	 	2.52		
Total loans held for investment - FTE 2	132,829			1,150			3.47		 	133,338		 	1,125		 	3.42		 	(509	)	 	0.05		 	2,095		 	(0.20	)	
Securities available for sale:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Taxable	26,175			135			2.06		 	25,676		 	139		 	2.17		 	499		 	(0.11	)	 	3,376		 	(0.52	)	
Tax-exempt - FTE  2	180			2			5.18		 	192		 	2		 	5.19		 	(12	)	 	(0.01	)	 	(83	)	 	(0.08	)	
    Total securities available for sale - FTE 2	26,355			137			2.09		 	25,868		 	141		 	2.18		 	487		 	(0.09	)	 	3,293		 	(0.52	)	
Federal funds sold and securities borrowed or purchased under agreements to resell	1,220			—			—		 	1,141		 	—		 	—		 	79		 	—		 	173		 	—		
Loans held for sale ("LHFS") - FTE 2	2,757			24			3.49		 	2,630		 	22		 	3.33		 	127		 	0.16		 	1,079		 	(0.54	)	
Interest-bearing deposits	23			—			0.13		 	23		 	—		 	0.12		 	—		 	0.01		 	(2	)	 	(0.03	)	
Interest earning trading assets	5,277			22			1.67		 	5,179		 	19		 	1.49		 	98		 	0.18		 	1,450		 	(0.31	)	
Total earning assets - FTE 2	168,461			1,333			3.17		 	168,179		 	1,307		 	3.15		 	282		 	0.02		 	8,088		 	(0.28	)	
Allowance for loan and lease losses ("ALLL")	(1,864	)		 	 	 	 	(1,910	)	 	 	 	 	 	46		 	 	 	159		 	 	
Cash and due from banks	5,209			 	 	 	 	6,567		 	 	 	 	 	(1,358	)	 	 	 	(203	)	 	 	
Other assets	14,649			 	 	 	 	14,417		 	 	 	 	 	232		 	 	 	(26	)	 	 	
Noninterest earning trading assets and derivative instruments	1,265			 	 	 	 	1,402		 	 	 	 	 	(137	)	 	 	 	110		 	 	
Unrealized gains on securities available for sale, net	590			 	 	 	 	610		 	 	 	 	 	(20	)	 	 	 	362		 	 	
Total assets		$188,310			 	 	 	 		$189,265		 	 	 	 	 		($955	)	 	 	 		$8,490		 	 	
LIABILITIES AND SHAREHOLDERS’ EQUITY	 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Interest-bearing deposits:	 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NOW accounts		$34,356				$8			0.09	%	 		$33,159		 		$7		 	0.09	%	 		$1,197		 	—		 		$5,158		 	0.01		
Money market accounts	49,527			21			0.17		 	49,193		 	21		 	0.18		 	334		 	(0.01	)	 	6,564		 	0.03		
Savings	6,281			—			0.03		 	6,082		 	1		 	0.04		 	199		 	(0.01	)	 	99		 	(0.01	)	
Consumer time	6,545			13			0.77		 	6,793		 	13		 	0.77		 	(248	)	 	—		 	(1,156	)	 	(0.12	)	
Other time	3,839			10			1.03		 	3,957		 	10		 	1.00		 	(118	)	 	0.03		 	(559	)	 	(0.04	)	
Total interest-bearing consumer and commercial deposits	100,548			52			0.21		 	99,184		 	52		 	0.21		 	1,364		 	—		 	10,106		 	(0.01	)	
Brokered time deposits	875			3			1.39		 	916		 	4		 	1.50		 	(41	)	 	(0.11	)	 	(1,015	)	 	(0.80	)	
Foreign deposits	243			—			0.12		 	334		 	—		 	0.13		 	(91	)	 	(0.01	)	 	240		 	0.12		
Total interest-bearing deposits	101,666			55			0.22		 	100,434		 	56		 	0.22		 	1,232		 	—		 	9,331		 	(0.05	)	
Funds purchased	710			—			0.10		 	1,040		 	—		 	0.10		 	(330	)	 	—		 	(115	)	 	0.01		
Securities sold under agreements to repurchase	1,827			1			0.20		 	1,922		 	1		 	0.19		 	(95	)	 	0.01		 	(321	)	 	0.08		
Interest-bearing trading liabilities	925			6			2.44		 	882		 	5		 	2.37		 	43		 	0.07		 	142		 	(0.39	)	
Other short-term borrowings	1,582			1			0.14		 	3,698		 	2		 	0.19		 	(2,116	)	 	(0.05	)	 	(4,214	)	 	(0.09	)	
Long-term debt	12,410			67			2.18		 	13,018		 	68		 	2.13		 	(608	)	 	0.05		 	396		 	(0.03	)	
Total interest-bearing liabilities	119,120			130			0.44		 	120,994		 	132		 	0.44		 	(1,874	)	 	—		 	5,219		 	(0.04	)	
Noninterest-bearing deposits	42,303			 	 	 	 	41,292		 	 	 	 	 	1,011		 	 	 	2,273		 	 	
Other liabilities	3,235			 	 	 	 	3,279		 	 	 	 	 	(44	)	 	 	 	(364	)	 	 	
Noninterest-bearing trading liabilities and derivative instruments	413			 	 	 	 	528		 	 	 	 	 	(115	)	 	 	 	117		 	 	
Shareholders’ equity	23,239			 	 	 	 	23,172		 	 	 	 	 	67		 	 	 	1,245		 	 	
Total liabilities and shareholders’ equity		$188,310			 	 	 	 		$189,265		 	 	 	 	 		($955	)	 	 	 		$8,490		 	 	
Interest Rate Spread	 		 		2.73	%	 	 	 	 	 	2.71	%	 	 	 	0.02		 	 	 	(0.24	)	
Net Interest Income - FTE  2	 			$1,203			 	 	 	 		$1,175		 	 	 	 	 	 	 	 	 	 	
Net Interest Margin  3	 		 		2.86	%	 	 	 	 	 	2.83	%	 	 	 	0.03		 	 	 	(0.25	)	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
1 Interest income includes loan fees of $48 million and $44 million for the three months ended June 30, 2015 and March 31, 2015 , respectively.
2 Interest income and yields include the effects of fully taxable-equivalent ("FTE") adjustments for the tax-favored status of net interest income from certain loans and investments using a federal income tax rate of 35% and, where applicable, state income taxes to increase tax-exempt interest income to a taxable-equivalent basis. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources.
3 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, INCOME/EXPENSE, AND AVERAGE YIELDS EARNED/RATES PAID, continued	
  	Three Months Ended	
 	December 31, 2014	 	September 30, 2014	 	June 30, 2014	
(Dollars in millions) (Unaudited)	Average
Balances  	 	Interest
Income/
Expense  	 	Yields/
Rates	 	Average
Balances  	 	Interest
Income/
Expense  	 	Yields/
Rates	 	Average
Balances  	 	Interest
Income/
Expense  	 	Yields/
Rates	
ASSETS	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Loans held for investment: 1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
C&I - FTE  2		$64,523		 		$554		 	3.41	%	 		$61,700		 		$548		 	3.53	%	 		$60,141				$545			3.63	%	
CRE	6,535		 	47		 	2.83		 	6,386		 	46		 	2.86		 	6,052			44			2.92		
Commercial construction	1,245		 	10		 	3.23		 	1,162		 	9		 	3.21		 	1,006			9			3.41		
Residential mortgages - guaranteed	624		 	6		 	4.08		 	635		 	6		 	3.64		 	2,994			27			3.62		
Residential mortgages - nonguaranteed	23,266		 	227		 	3.91		 	23,722		 	236		 	3.99		 	23,849			237			3.98		
Residential home equity products	14,151		 	126		 	3.54		 	14,260		 	129		 	3.58		 	14,394			128			3.58		
Residential construction	424		 	5		 	4.57		 	445		 	6		 	5.27		 	474			5			4.34		
Consumer student - guaranteed	5,158		 	47		 	3.65		 	5,360		 	49		 	3.66		 	5,463			50			3.64		
Consumer other direct	4,345		 	46		 	4.20		 	3,876		 	41		 	4.20		 	3,342			35			4.23		
Consumer indirect	11,588		 	93		 	3.19		 	11,556		 	92		 	3.15		 	11,388			91			3.19		
Consumer credit cards	850		 	21		 	9.66		 	788		 	19		 	9.74		 	732			18			9.63		
Nonaccrual	729		 	7		 	3.60		 	857		 	5		 	2.16		 	899			6			2.81		
Total loans held for investment - FTE 2	133,438		 	1,189		 	3.54		 	130,747		 	1,186		 	3.60		 	130,734			1,195			3.67		
Securities available for sale:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Taxable	25,659		 	155		 	2.41		 	24,195		 	151		 	2.49		 	22,799			147			2.58		
Tax-exempt - FTE 2	219		 	3		 	5.26		 	235		 	3		 	5.24		 	263			3			5.26		
    Total securities available for sale - FTE 2	25,878		 	158		 	2.44		 	24,430		 	154		 	2.52		 	23,062			150			2.61		
Federal funds sold and securities borrowed or purchased under agreements to resell	1,205		 	—		 	—		 	1,036		 	—		 	—		 	1,047			—			—		
LHFS - FTE 2	1,826		 	17		 	3.70		 	3,367		 	30		 	3.53		 	1,678			17			4.03		
Interest-bearing deposits	22		 	—		 	0.04		 	53		 	—		 	0.05		 	25			—			0.16		
Interest earning trading assets	4,858		 	22		 	1.78		 	4,055		 	19		 	1.85		 	3,827			19			1.98		
Total earning assets - FTE 2	167,227		 	1,386		 	3.29		 	163,688		 	1,389		 	3.37		 	160,373			1,381			3.45		
ALLL	(1,931	)	 	 	 	 	 	(1,988	)	 	 	 	 	 	(2,023	)		 	 	 	
Cash and due from banks	6,661		 	 	 	 	 	5,573		 	 	 	 	 	5,412			 	 	 	
Other assets	14,574		 	 	 	 	 	14,613		 	 	 	 	 	14,675			 	 	 	
Noninterest earning trading assets and derivative instruments	1,357		 	 	 	 	 	1,215		 	 	 	 	 	1,155			 	 	 	
Unrealized gains on securities available for sale, net	453		 	 	 	 	 	332		 	 	 	 	 	228			 	 	 	
Total assets		$188,341		 	 	 	 	 		$183,433		 	 	 	 	 		$179,820			 	 	 	
LIABILITIES AND SHAREHOLDERS’ EQUITY	 	 	 	 	 	 	 	 	 	 	 	 	 		 	 	 	
Interest-bearing deposits:	 	 	 	 	 	 	 	 	 	 	 	 	 		 	 	 	
NOW accounts		$30,367		 		$6		 	0.08	%	 		$28,224		 		$5		 	0.07	%	 		$29,198				$6			0.08	%	
Money market accounts	47,910		 	20		 	0.16		 	45,562		 	17		 	0.15		 	42,963			15			0.14		
Savings	5,987		 	1		 	0.03		 	6,098		 	1		 	0.03		 	6,182			1			0.04		
Consumer time	6,970		 	13		 	0.76		 	7,186		 	14		 	0.75		 	7,701			17			0.89		
Other time	4,067		 	10		 	0.99		 	4,182		 	10		 	0.99		 	4,398			12			1.07		
Total interest-bearing consumer and commercial deposits	95,301		 	50		 	0.21		 	91,252		 	47		 	0.20		 	90,442			51			0.22		
Brokered time deposits	1,055		 	5		 	1.66		 	1,392		 	7		 	1.91		 	1,890			10			2.19		
Foreign deposits	344		 	—		 	0.12		 	232		 	—		 	0.11		 	3			—			—		
Total interest-bearing deposits	96,700		 	55		 	0.22		 	92,876		 	54		 	0.23		 	92,335			61			0.27		
Funds purchased	973		 	—		 	0.11		 	937		 	—		 	0.10		 	825			—			0.09		
Securities sold under agreements to repurchase	2,279		 	1		 	0.19		 	2,177		 	1		 	0.13		 	2,148			1			0.12		
Interest-bearing trading liabilities	961		 	6		 	2.38		 	778		 	5		 	2.72		 	783			6			2.83		
Other short-term borrowings	6,581		 	3		 	0.20		 	6,559		 	4		 	0.23		 	5,796			3			0.23		
Long-term debt	12,967		 	73		 	2.23		 	13,064		 	74		 	2.24		 	12,014			66			2.21		
Total interest-bearing liabilities	120,461		 	138		 	0.45		 	116,391		 	138		 	0.47		 	113,901			137			0.48		
Noninterest-bearing deposits	41,591		 	 	 	 	 	40,943		 	 	 	 	 	40,030			 	 	 	
Other liabilities	3,143		 	 	 	 	 	3,620		 	 	 	 	 	3,599			 	 	 	
Noninterest-bearing trading liabilities and derivative instruments	392		 	 	 	 	 	288		 	 	 	 	 	296			 	 	 	
Shareholders’ equity	22,754		 	 	 	 	 	22,191		 	 	 	 	 	21,994			 	 	 	
Total liabilities and shareholders’ equity		$188,341		 	 	 	 	 		$183,433		 	 	 	 	 		$179,820			 	 	 	
Interest Rate Spread	 	 	 	 	2.84	%	 	 	 	 	 	2.90	%	 	 	 	 		2.97	%	
Net Interest Income - FTE 2	 	 		$1,248		 	 	 	 	 		$1,251		 	 	 	 			$1,244			 	
Net Interest Margin 3	 	 	 	 	2.96	%	 	 	 	 	 	3.03	%	 	 	 	 		3.11	%	

1  	Interest income includes loan fees of $56 million, $48 million, and $48 million for the three months ended December 31, 2014 , September 30, 2014 , and June 30, 2014 , respectively.	
		
2  	Interest income and yields include the effects of fully taxable-equivalent ("FTE") adjustments for the tax-favored status of net interest income from certain loans and investments using a federal income tax rate of 35% and, where applicable, state income taxes to increase tax-exempt interest income to a taxable-equivalent basis. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources.	
		
3  	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, INCOME/EXPENSE, AND AVERAGE YIELDS EARNED/RATES PAID, continued	
 	Six Months Ended	 	 	 	 	
 	June 30, 2015	 	June 30, 2014	Increase/(Decrease)	
(Dollars in millions) (Unaudited)	Average
Balances  	 	Interest
Income/
Expense  	 	Yields/
Rates	 	Average
Balances	 	Interest
Income/
Expense  	 	Yields/
Rates	 	Average
Balances	 	Yields/
Rates	
ASSETS	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Loans held for investment: 1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
   C&I - FTE  2		$65,734		 		$1,035		 	3.18	%	 		$59,219		 		$1,082		 	3.69	%	 		$6,515		 	(0.51	)	
   CRE	6,309		 	87		 	2.79		 	5,835		 	85		 	2.93		 	474		 	(0.14	)	
   Commercial construction	1,431		 	23		 	3.17		 	950		 	16		 	3.36		 	481		 	(0.19	)	
   Residential mortgages - guaranteed	634		 	12		 	3.71		 	3,171		 	57		 	3.62		 	(2,537	)	 	0.09		
   Residential mortgages - nonguaranteed	23,293		 	449		 	3.85		 	23,891		 	480		 	4.02		 	(598	)	 	(0.17	)	
   Residential home equity products	13,804		 	250		 	3.66		 	14,455		 	257		 	3.59		 	(651	)	 	0.07		
   Residential construction	390		 	10		 	5.02		 	480		 	10		 	4.37		 	(90	)	 	0.65		
   Consumer student - guaranteed	4,549		 	84		 	3.72		 	5,493		 	100		 	3.67		 	(944	)	 	0.05		
   Consumer other direct	4,945		 	104		 	4.26		 	3,151		 	66		 	4.24		 	1,794		 	0.02		
   Consumer indirect	10,495		 	165		 	3.16		 	11,344		 	181		 	3.22		 	(849	)	 	(0.06	)	
   Consumer credit cards	892		 	44		 	9.84		 	724		 	35		 	9.59		 	168		 	0.25		
   Nonaccrual	606		 	12		 	4.11		 	922		 	11		 	2.39		 	(316	)	 	1.72		
      Total loans held for investment - FTE 2	133,082		 	2,275		 	3.45		 	129,635		 	2,380		 	3.70		 	3,447		 	(0.25	)	
Securities available for sale:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
   Taxable	25,927		 	273		 	2.11		 	22,612		 	297		 	2.63		 	3,315		 	(0.52	)	
   Tax-exempt - FTE  2	186		 	5		 	5.19		 	263		 	7		 	5.26		 	(77	)	 	(0.07	)	
     Total securities available for sale - FTE 2	26,113		 	278		 	2.13		 	22,875		 	304		 	2.66		 	3,238		 	(0.53	)	
Federal funds sold and securities borrowed or purchased under
agreements to resell	1,181		 	—		 	—		 	1,013		 	—		 	—		 	168		 	—		
LHFS - FTE 2	2,694		 	46		 	3.41		 	1,565		 	32		 	4.04		 	1,129		 	(0.63	)	
Interest-bearing deposits	23		 	—		 	0.12		 	24		 	—		 	0.14		 	(1	)	 	(0.02	)	
Interest earning trading assets	5,228		 	41		 	1.58		 	3,754		 	36		 	1.93		 	1,474		 	(0.35	)	
      Total earning assets - FTE 2	168,321		 	2,640		 	3.16		 	158,866		 	2,752		 	3.49		 	9,455		 	(0.33	)	
ALLL	(1,887	)	 	 	 	 	 	(2,030	)	 	 	 	 	 	143		 	 	
Cash and due from banks	5,884		 	 	 	 	 	5,424		 	 	 	 	 	460		 	 	
Other assets	14,534		 	 	 	 	 	14,754		 	 	 	 	 	(220	)	 	 	
Noninterest earning trading assets and derivative instruments	1,333		 	 	 	 	 	1,224		 	 	 	 	 	109		 	 	
Unrealized gains on securities available for sale, net	600		 	 	 	 	 	166		 	 	 	 	 	434		 	 	
Total assets		$188,785		 	 	 	 	 		$178,404		 	 	 	 	 		$10,381		 	 	
LIABILITIES AND SHAREHOLDERS’ EQUITY	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Interest-bearing deposits:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
   NOW accounts		$33,761		 		$15		 	0.09	%	 		$28,456		 		$11		 	0.07	%	 		$5,305		 	0.02		
   Money market accounts	49,361		 	43		 	0.17		 	42,859		 	28		 	0.13		 	6,502		 	0.04		
   Savings	6,182		 	1		 	0.03		 	6,109		 	1		 	0.04		 	73		 	(0.01	)	
   Consumer time	6,668		 	25		 	0.77		 	8,008		 	39		 	0.99		 	(1,340	)	 	(0.22	)	
   Other time	3,898		 	20		 	1.02		 	4,466		 	25		 	1.13		 	(568	)	 	(0.11	)	
   Total interest-bearing consumer and commercial deposits	99,870		 	104		 	0.21		 	89,898		 	104		 	0.23		 	9,972		 	(0.02	)	
   Brokered time deposits	895		 	6		 	1.45		 	1,951		 	22		 	2.25		 	(1,056	)	 	(0.80	)	
   Foreign deposits	288		 	—		 	0.12		 	2		 	—		 	0.19		 	286		 	(0.07	)	
      Total interest-bearing deposits	101,053		 	110		 	0.22		 	91,851		 	126		 	0.28		 	9,202		 	(0.06	)	
Funds purchased	874		 	1		 	0.10		 	907		 	—		 	0.09		 	(33	)	 	0.01		
Securities sold under agreements to repurchase	1,874		 	2		 	0.20		 	2,175		 	1		 	0.11		 	(301	)	 	0.09		
Interest-bearing trading liabilities	904		 	11		 	2.41		 	741		 	11		 	2.78		 	163		 	(0.37	)	
Other short-term borrowings	2,635		 	2		 	0.17		 	5,692		 	7		 	0.24		 	(3,057	)	 	(0.07	)	
Long-term debt	12,712		 	136		 	2.15		 	11,692		 	124		 	2.13		 	1,020		 	0.02		
      Total interest-bearing liabilities	120,052		 	262		 	0.44		 	113,058		 	269		 	0.48		 	6,994		 	(0.04	)	
Noninterest-bearing deposits	41,800		 	 	 	 	 	39,542		 	 	 	 	 	2,258		 	 	
Other liabilities	3,257		 	 	 	 	 	3,566		 	 	 	 	 	(309	)	 	 	
Noninterest-bearing trading liabilities and derivative instruments	470		 	 	 	 	 	377		 	 	 	 	 	93		 	 	
Shareholders’ equity	23,206		 	 	 	 	 	21,861		 	 	 	 	 	1,345		 	 	
      Total liabilities and shareholders’ equity		$188,785		 	 	 	 	 		$178,404		 	 	 	 	 		$10,381		 	 	
Interest Rate Spread	 	 	 	 	2.72	%	 	 	 	 	 	3.01	%	 	 	 	(0.29	)	
Net Interest Income - FTE  2	 	 		$2,378		 	 	 	 	 		$2,483		 	 	 	 	 	 	
Net Interest Margin  3	 	 	 	 	2.85	%	 	 	 	 	 	3.15	%	 	 	 	(0.30	)	

1  	Interest income includes loan fees of $92 million and $93 million for the six months ended June 30 , 2015 and 2014 , respectively.	
2 Interest income and yields include the effects of fully taxable-equivalent ("FTE") adjustments for the tax-favored status of net interest income from certain loans and investments using a federal income tax rate of 35% and, where applicable, state income taxes to increase tax-exempt interest income to a taxable-equivalent basis. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources.
3 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	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Three Months Ended	 	 	 	 	 	Six Months Ended	 	 	 	 	
 	June 30	 	(Decrease)/Increase	 	June 30	 	(Decrease)/Increase	
(Dollars in millions) (Unaudited)	2015		2014	 	Amount	 	% 4	 	2015		2014	 	Amount	 	% 4	
CREDIT DATA	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Allowance for credit losses - beginning		$1,947				$2,086		 		($139	)	 	(7	)%	 		$1,991				$2,094		 		($103	)	 	(5	)%	
(Benefit)/provision for unfunded commitments	(2	)		(3	)	 	1		 	(33	)	 	(2	)		(7	)	 	5		 	(71	)	
Provision/(benefit) for loan losses:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial	33			18		 	15		 	83		 	40			57		 	(17	)	 	(30	)	
Residential	(16	)		32		 	(48	)	 	NM		 	9			80		 	(71	)	 	(89	)	
Consumer	11			26		 	(15	)	 	(58	)	 	35			45		 	(10	)	 	(22	)	
Total provision for loan losses	28			76		 	(48	)	 	(63	)	 	84			182		 	(98	)	 	(54	)	
Charge-offs:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial	(31	)		(38	)	 	(7	)	 	(18	)	 	(59	)		(71	)	 	(12	)	 	(17	)	
Residential	(61	)		(90	)	 	(29	)	 	(32	)	 	(129	)		(175	)	 	(46	)	 	(26	)	
Consumer	(31	)		(30	)	 	1		 	3		 	(66	)		(63	)	 	3		 	5		
Total charge-offs	(123	)		(158	)	 	(35	)	 	(22	)	 	(254	)		(309	)	 	(55	)	 	(18	)	
Recoveries:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial	15			12		 	3		 	25		 	26			26		 	—		 	—		
Residential	10			23		 	(13	)	 	(57	)	 	19			40		 	(21	)	 	(53	)	
Consumer	11			10		 	1		 	10		 	22			20		 	2		 	10		
Total recoveries	36			45		 	(9	)	 	(20	)	 	67			86		 	(19	)	 	(22	)	
Net charge-offs	(87	)		(113	)	 	(26	)	 	(23	)	 	(187	)		(223	)	 	(36	)	 	(16	)	
Allowance for credit losses - ending		$1,886				$2,046		 		($160	)	 	(8	)%	 		$1,886				$2,046		 		($160	)	 	(8	)%	
Components:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Allowance for loan and lease losses ("ALLL")	 	 	 	 	 	 	 	 		$1,834				$2,003		 		($169	)	 	(8	)%	
Unfunded commitments reserve	 	 	 	 	 	 	 	 	52			43		 	9		 	21		
Allowance for credit losses	 	 	 	 	 	 	 	 		$1,886		 		$2,046		 		($160	)	 	(8	)%	
Net charge-offs to average loans held for investment (annualized):	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial	0.09	%		0.15	%	 	(0.06	)	 	(40	)%	 	0.09	%		0.14	%	 	(0.05	)	 	(36	)%	
Residential	0.53			0.64		 	(0.11	)	 	(17	)	 	0.57			0.64		 	(0.07	)	 	(11	)	
Consumer	0.38			0.38		 	—		 	—		 	0.42			0.42		 	—		 	—		
Total net charge-offs to total average loans held for investment	0.26			0.35		 	(0.09	)	 	(26	)	 	0.28			0.35		 	(0.07	)	 	(20	)	
Period Ended	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Nonaccrual/nonperforming loans ("NPLs"):	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial	 	 	 	 	 	 	 	 		$158		 		$247		 		($89	)	 	(36	)%	
Residential	 	 	 	 	 	 	 	 	318		 	642		 	(324	)	 	(50	)	
Consumer	 	 	 	 	 	 	 	 	5		 	10		 	(5	)	 	(50	)	
Total nonaccrual/nonperforming loans ("NPLs")	 	 	 	 	 	 	 	 	481		 	899		 	(418	)	 	(46	)	
Other real estate owned (“OREO”)	 	 	 	 	 	 	 	 	72		 	136		 	(64	)	 	(47	)	
Other repossessed assets	 	 	 	 	 	 	 	 	6		 	6		 	—		 	—		
Nonperforming loans held for sale ("nonperforming LHFS")	 	 	 	 	 	 	 	 	98		 	—		 	98		 	NM		
Total nonperforming assets ("NPAs")	 	 	 	 	 	 	 	 		$657		 		$1,041		 		($384	)	 	(37	)%	
Accruing restructured loans	 	 	 	 	 	 	 	 		$2,576		 		$2,617		 		($41	)	 	(2	)%	
Nonaccruing restructured loans	 	 	 	 	 	 	 	 	185		 	365		 	(180	)	 	(49	)	
Accruing loans held for investment past due > 90 days (guaranteed)	 	 	 	 	 	 	 	 	871		 	1,011		 	(140	)	 	(14	)	
Accruing loans held for investment past due > 90 days (non-guaranteed)	 	 	 	 	 	 	 	 	39		 	34		 	5		 	15		
Accruing LHFS past due > 90 days	 	 	 	 	 	 	 	 	1		 	1		 	—		 	—		
NPLs to total loans held for investment	 	 	 	 	 	 	 	 	0.36	%	 	0.69	%	 	(0.33	)	 	(48	)%	
NPAs to total loans held for investment plus OREO, other repossessed assets, and nonperforming LHFS	 	 	 	 	 	 	 	 	0.49		 	0.80		 	(0.31	)	 	(39	)	
ALLL to period-end loans held for investment 1, 2	 	 	 	 	 	 	 	 	1.39		 	1.55		 	(0.16	)	 	(10	)	
ALLL to period-end loans held for investment,
excluding government guaranteed loans 1, 2, 3	 	 	 	 	 	 	 	 	1.44		 	1.62		 	(0.18	)	 	(11	)	
ALLL to NPLs 1, 2	 	 	 	 	 	 	 	 	3.82x		 	2.25x		 	1.57x		 	70		
ALLL to annualized net charge-offs 1	5.23x		 	4.41x		 	0.82x		 	19		 	4.87x		 	4.45x		 	0.42x		 	9		
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
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-U.S. 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	 	 	 	 	 	 	 	 	 	 	 	 	
 	Three Months Ended	 	 	 	 	 	Three Months Ended	
 	June 30	 	March 31	 	(Decrease)/Increase	 	December 31	 	September 30	 	June 30	
(Dollars in millions) (Unaudited)	2015	 	2015	 	Amount	 	% 4	 	2014	 	2014	 	2014	
CREDIT DATA	 	 	 	 	 	 	 	 	 	 	 	 	 	
Allowance for credit losses - beginning		$1,947		 		$1,991		 		($44	)	 	(2	)%	 		$2,011		 		$2,046		 		$2,086		
(Benefit)/provision for unfunded commitments	(2	)	 	—		 	(2	)	 	NM		 	11		 	—		 	(3	)	
Provision/(benefit) for loan losses:	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial	33		 	7		 	26		 	NM		 	29		 	25		 	18		
Residential	(16	)	 	25		 	(41	)	 	NM		 	12		 	34		 	32		
Consumer	11		 	23		 	(12	)	 	(52	)	 	22		 	34		 	26		
Total provision for loan losses	28		 	55		 	(27	)	 	(49	)	 	63		 	93		 	76		
Charge-offs:	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial	(31	)	 	(28	)	 	3		 	11		 	(31	)	 	(26	)	 	(38	)	
Residential	(61	)	 	(68	)	 	(7	)	 	(10	)	 	(65	)	 	(104	)	 	(90	)	
Consumer	(31	)	 	(34	)	 	(3	)	 	(9	)	 	(38	)	 	(34	)	 	(30	)	
Total charge-offs	(123	)	 	(130	)	 	(7	)	 	(5	)	 	(134	)	 	(164	)	 	(158	)	
Recoveries:	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial	15		 	11		 	4		 	36		 	17		 	14		 	12		
Residential	10		 	9		 	1		 	11		 	13		 	12		 	23		
Consumer	11		 	11		 	—		 	—		 	10		 	10		 	10		
Total recoveries	36		 	31		 	5		 	16		 	40		 	36		 	45		
Net charge-offs	(87	)	 	(99	)	 	(12	)	 	(12	)	 	(94	)	 	(128	)	 	(113	)	
Allowance for credit losses - ending		$1,886		 		$1,947		 		($61	)	 	(3	)%	 		$1,991		 		$2,011		 		$2,046		
Components:	 	 	 	 	 	 	 	 	 	 	 	 	 	
ALLL		$1,834		 		$1,893		 		($59	)	 	(3	)%	 		$1,937		 		$1,968		 		$2,003		
Unfunded commitments reserve	52		 	54		 	(2	)	 	(4	)	 	54		 	43		 	43		
Allowance for credit losses		$1,886		 		$1,947		 		($61	)	 	(3	)%	 		$1,991		 		$2,011		 		$2,046		
Net charge-offs to average loans held for investment (annualized):	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial	0.09	%	 	0.09	%	 	—		 	—	 %	 	0.08	%	 	0.07	%	 	0.15	%	
Residential	0.53		 	0.62		 	(0.09	)	 	(15	)	 	0.53		 	0.91		 	0.64		
Consumer	0.38		 	0.46		 	(0.08	)	 	(17	)	 	0.49		 	0.45		 	0.38		
Total net charge-offs to total average loans held for investment	0.26		 	0.30		 	(0.04	)	 	(13	)	 	0.28		 	0.39		 	0.35		
Period Ended	 	 	 	 	 	 	 	 	 	 	 	 	 	
Nonaccrual/NPLs:	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial		$158		 		$165		 		($7	)	 	(4	)%	 		$173		 		$219		 		$247		
Residential	318		 	442		 	(124	)	 	(28	)	 	455		 	535		 	642		
Consumer	5		 	5		 	—		 	—		 	6		 	8		 	10		
Total nonaccrual/NPLs	481		 	612		 	(131	)	 	(21	)	 	634		 	762		 	899		
OREO	72		 	79		 	(7	)	 	(9	)	 	99		 	112		 	136		
Other repossessed assets	6		 	5		 	1		 	20		 	9		 	7		 	6		
Nonperforming LHFS	98		 	—		 	98		 	NM		 	38		 	53		 	—		
Total NPAs		$657		 		$696		 		($39	)	 	(6	)%	 		$780		 		$934		 		$1,041		
Accruing restructured loans		$2,576		 		$2,589		 		($13	)	 	(1	)%	 		$2,592		 		$2,596		 		$2,617		
Nonaccruing restructured loans	185		 	255		 	(70	)	 	(27	)	 	273		 	316		 	365		
Accruing loans held for investment past due > 90 days (guaranteed)	871		 	937		 	(66	)	 	(7	)	 	1,022		 	1,031		 	1,011		
Accruing loans held for investment past due > 90 days (non-guaranteed)	39		 	43		 	(4	)	 	(9	)	 	35		 	35		 	34		
Accruing LHFS past due > 90 days	1		 	12		 	(11	)	 	(92	)	 	1		 	—		 	1		
NPLs to total loans held for investment	0.36	%	 	0.46	%	 	(0.10	)	 	(22	)%	 	0.48	%	 	0.58	%	 	0.69	%	
NPAs to total loans held for investment plus OREO, other repossessed assets, and nonperforming LHFS	0.49		 	0.53		 	(0.04	)	 	(8	)	 	0.59		 	0.71		 	0.80		
ALLL to period-end loans held for investment 1, 2	1.39		 	1.43		 	(0.04	)	 	(3	)	 	1.46		 	1.49		 	1.55		
ALLL to period-end loans held for investment,
excluding government guaranteed loans 1, 2, 3	1.44		 	1.49		 	(0.05	)	 	(3	)	 	1.52		 	1.56		 	1.62		
ALLL to NPLs 1, 2	3.82x		 	3.10x		 	0.72x		 	23		 	3.07x		 	2.60x		 	2.25x		
ALLL to annualized net charge-offs 1	5.23x		 	4.69x		 	0.54x		 	12		 	5.19x		 	3.88x		 	4.41x		
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
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-U.S. GAAP performance measures.
4 "NM" - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

20

	
																								
SunTrust Banks, Inc. and Subsidiaries
OTHER FINANCIAL DATA, continued	 	 	 	 	 	 	 	 	 	 	 	
 	Three Months Ended June 30		Six Months Ended June 30	
(Dollars in millions and shares in thousands) (Unaudited)	 MSRs -
Fair Value		Other		Total		 MSRs -
Fair Value		Other		Total	
OTHER INTANGIBLE ASSETS ROLLFORWARD	 	 	 	 	 	 	 	 	 	 	 	
Balance, beginning of period		$1,251				$31				$1,282				$1,300				$34				$1,334		
Amortization	—			(4	)		(4	)		—			(7	)		(7	)	
Servicing rights originated	36			—			36			68			—			68		
Servicing rights purchased	76		 	—		 	76		 	76		 	—		 	76		
Fair value changes due to inputs and assumptions 1	(61	)		—			(61	)		(107	)		—			(107	)	
Other changes in fair value 2	(43	)		—			(43	)		(78	)		—			(78	)	
Sale of asset management subsidiary	—		 	(9	)	 	(9	)	 	—		 	(9	)	 	(9	)	
Balance, June 30, 2014		$1,259				$18				$1,277				$1,259				$18				$1,277		
 	 	 	 	 	 	 	 	 	 	 	 	
Balance, beginning of period		$1,181				$12				$1,193				$1,206				$13				$1,219		
Amortization	—			(2	)		(2	)		—			(3	)		(3	)	
Servicing rights originated	71			13			84			117			13			130		
Servicing rights purchased	53		 	—		 	53		 	109		 	—		 	109		
Fair value changes due to inputs and assumptions 1	150			—			150			72			—			72		
Other changes in fair value 2	(61	)		—			(61	)		(109	)		—			(109	)	
Sale of servicing rights	(1	)		—			(1	)		(2	)		—			(2	)	
Balance, June 30, 2015		$1,393				$23				$1,416				$1,393				$23				$1,416		
1 Primarily reflects changes in discount rates and prepayment speed assumptions, due to changes in interest rates.
2 Represents changes due to the collection of expected cash flows, net of accretion, due to the passage of time.

	
															
 	Three Months Ended	
 	June 30	 	March 31	 	December 31	 	September 30	 	June 30	
 	2015	 	2015	 	2014	 	2014	 	2014	
COMMON SHARE ROLLFORWARD	 	 	 	 	 	 	 	 	 	
Balance, beginning of period	522,031		 	524,540		 	527,358		 	532,800		 	534,780		
Common shares issued for employee benefit plans and restricted stock activity	227		 	364		 	106		 	39		 	109		
Repurchase of common stock	(4,213	)	 	(2,873	)	 	(2,924	)	 	(5,481	)	 	(2,089	)	
Balance, end of period	518,045		 	522,031		 	524,540		 	527,358		 	532,800		

21

	
																												
SunTrust Banks, Inc. and Subsidiaries
RECONCILEMENT OF NON-U.S. GAAP MEASURES - APPENDIX A TO THE EARNINGS RELEASE	 	 	
 	Three Months Ended	 	Six Months Ended	
 	June 30	 	March 31	 	December 31	 	September 30	 	June 30	 	June 30	
(Dollars in millions) (Unaudited)	2015	 	2015	 	2014	 	2014	 	2014	 	2015		2014	
NON-U.S. GAAP MEASURES PRESENTED IN THE EARNINGS RELEASE   1	 	 	 	 	
Net interest income		$1,167		 		$1,140		 		$1,211		 		$1,215		 		$1,209		 		$2,307		 		$2,414		
Taxable-equivalent adjustment	36		 	35		 	37		 	36		 	35		 	71		 	69		
Net interest income - FTE	1,203		 	1,175		 	1,248		 	1,251		 	1,244		 	2,378		 	2,483		
Noninterest income	874		 	817		 	795		 	780		 	957		 	1,692		 	1,748		
Total revenue - FTE	2,077		 	1,992		 	2,043		 	2,031		 	2,201		 	4,070		 	4,231		
Gain on sale of asset management subsidiary	—		 	—		 	—		 	—		 	(105	)	 	—		 	(105	)	
Total revenue - FTE, excluding gain
on sale of asset management subsidiary 2		$2,077		 		$1,992		 		$2,043		 		$2,031		 		$2,096		 		$4,070		 		$4,126		
Noninterest income		$874		 		$817		 		$795		 		$780		 		$957		 		$1,692				$1,748		
Gain on sale of asset management subsidiary	—		 	—		 	—		 	—		 	(105	)	 	—		 	(105	)	
Noninterest income, excluding gain
on sale of asset management subsidiary 2		$874		 		$817		 		$795		 		$780		 		$852		 		$1,692				$1,643		
Return on average common shareholders’ equity	8.50	 %	 	7.59	 %	 	6.91	 %	 	10.41	 %	 	7.29	 %	 	8.05	 %		7.44	 %	
Effect of removing average intangible assets, excluding MSRs	3.27		 	2.94		 	2.71		 	4.18		 	3.00		 	3.11			3.09		
Return on average tangible common shareholders' equity 3	11.77	%	 	10.53	%	 	9.62	%	 	14.59	%	 	10.29	%	 	11.16	%		10.53	%	
Efficiency ratio 4	63.92	%	 	64.23	%	 	69.00	%	 	62.03	%	 	68.93	%	 	64.07	%		67.92	%	
Impact of excluding amortization of intangible assets	(0.33	)	 	(0.32	)	 	(0.56	)	 	(0.34	)	 	(0.16	)	 	(0.32	)		(0.16	)	
Tangible efficiency ratio 5	63.59		 	63.91		 	68.44		 	61.69		 	68.77		 	63.75			67.76		
Impact of Form 8-K and other legacy mortgage-related items	—		 	—		 	(7.10	)	 	—		 	(5.08	)	 	—		 	(2.61	)	
Adjusted tangible efficiency ratio 5, 6	63.59	%	 	63.91	%	 	61.34	%	 	61.69	%	 	63.69	%	 	63.75	%	 	65.15	%	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	June 30	 	March 31	 	December 31	 	September 30	 	June 30	 	 	 	 	
(Dollars in millions, except per share data) (Unaudited)	2015	 	2015	 	2014	 	2014	 	2014	 	 	 	 	
Total shareholders' equity		$23,223		 		$23,260		 		$23,005		 		$22,269		 		$22,131		 	 	 	 	
Goodwill, net of deferred taxes of $234 million, $231 million, $214 million, $210 million, and $206 million, respectively	(6,103	)	 	(6,106	)	 	(6,123	)	 	(6,127	)	 	(6,131	)	 	 	 	 	
Other intangible assets (including other servicing rights), net of deferred taxes of $4 million, $0, $0, $0, and $1 million, respectively, and MSRs	(1,412	)	 	(1,193	)	 	(1,219	)	 	(1,320	)	 	(1,276	)	 	 	 	 	
MSRs	1,393		 	1,181		 	1,206		 	1,305		 	1,259		 	 	 	 	
Tangible equity	17,101		 	17,142		 	16,869		 	16,127		 	15,983		 	 	 	 	
Preferred stock	(1,225	)	 	(1,225	)	 	(1,225	)	 	(725	)	 	(725	)	 	 	 	 	
Tangible common equity		$15,876		 		$15,917		 		$15,644		 		$15,402		 		$15,258		 	 	 	 	
Total assets		$188,858		 		$189,881		 		$190,328		 		$186,818		 		$182,559		 	 	 	 	
Goodwill	(6,337	)	 	(6,337	)	 	(6,337	)	 	(6,337	)	 	(6,337	)	 	 	 	 	
Other intangible assets (including MSRs and other servicing rights)	(1,416	)	 	(1,193	)	 	(1,219	)	 	(1,320	)	 	(1,277	)	 	 	 	 	
MSRs	1,393		 	1,181		 	1,206		 	1,305		 	1,259		 	 	 	 	
Tangible assets		$182,498		 		$183,532		 		$183,978		 		$180,466		 		$176,204		 	 	 	 	
Tangible equity to tangible assets 7	9.37	%	 	9.34	%	 	9.17	%	 	8.94	%	 	9.07	%	 	 	 	 	
Tangible book value per common share 8		$30.65		 		$30.49		 		$29.82		 		$29.21		 		$28.64		 	 	 	 	
Total loans held for investment		$132,538		 		$132,380		 		$133,112		 		$132,151		 		$129,744		 	 	 	 	
Government guaranteed loans held for investment	(5,026	)	 	(4,992	)	 	(5,459	)	 	(5,965	)	 	(6,081	)	 	 	 	 	
Fair value loans held for investment	(263	)	 	(268	)	 	(272	)	 	(284	)	 	(292	)	 	 	 	 	
Total loans held for investment, excluding government guaranteed and fair value loans		$127,249		 		$127,120		 		$127,381		 		$125,902		 		$123,371		 	 	 	 	
ALLL to total loans held for investment,
excluding government guaranteed and fair value loans 9	1.44	%	 	1.49	%	 	1.52	%	 	1.56	%	 	1.62	%	 	 	 	 	

22

	
																												
SunTrust Banks, Inc. and Subsidiaries
RECONCILEMENT OF NON-U.S. GAAP MEASURES - APPENDIX A TO THE EARNINGS RELEASE, continued	
 	Three Months Ended	 	Six Months Ended	
 	June 30	 	March 31	 	December 31	 	September 30	 	June 30	 	June 30	
(Dollars in millions, except per share data) (Unaudited)	2015	 	2015	 	2014	 	2014	 	2014	 	2015		2014	
NON-U.S. GAAP MEASURES PRESENTED IN THE EARNINGS RELEASE   1	
Net income available to common shareholders		$467		 		$411		 		$378		 		$563		 		$387		 		$877		 		$780		
Adjusting items:	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating losses related to settlement of certain legal matters	—		 	—		 	—		 	—		 	204		 	—		 	204		
Gain on sale of asset management subsidiary	—		 	—		 	—		 	—		 	(105	)	 	—		 	(105	)	
Other legacy mortgage-related matters	—		 	—		 	145		 	—		 	(25	)	 	—		 	(25	)	
Tax benefit related to above items	—		 	—		 	(57	)	 	—		 	(25	)	 	—		 	(25	)	
Tax benefit related to completion of tax authority exam	—		 	—		 	—		 	(130	)	 	—		 	—		 	—		
Total adjusting items	—		 	—		 	88		 	(130	)	 	49		 	—		 	49		
Adjusted net income available to common shareholders 6		$467		 		$411		 		$466		 		$433		 		$436		 		$877		 		$829		
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net income per average common share, diluted		$0.89		 		$0.78		 		$0.72		 		$1.06		 		$0.72		 		$1.67		 		$1.45		
Impact of adjusting items	—		 	—		 	0.17		 	(0.25	)	 	0.09		 	—		 	0.09		
Adjusted net income per average common share, diluted 6, 10		$0.89		 		$0.78		 		$0.88		 		$0.81		 		$0.81		 		$1.67		 		$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. Additionally, 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 gain on sale of asset management subsidiary and noninterest income excluding gain on sale of asset management subsidiary. The Company believes revenue and noninterest income excluding the gain on sale of the asset management subsidiary 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. 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 adjusted net income available to common shareholders, adjusted net income per average common diluted share, and an adjusted tangible efficiency ratio excluding items previously announced on Form 8-Ks filed with the SEC on January 5, 2015, September 9, 2014, and July 3, 2014, as well as other legacy mortgage-related items. The Company believes this measure is useful to investors because it removes the effect of material items impacting current and prior periods' results, allowing a more useful view of normalized operations. 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.
7 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.
8 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.
9 SunTrust presents a ratio of ALLL 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 the allowance is intended to cover.
10 Amounts may not foot as presented due to rounding.

23

	
																							
SunTrust Banks, Inc. and Subsidiaries
CONSUMER BANKING AND PRIVATE WEALTH MANAGEMENT	 	
 	Three Months Ended June 30	 	 	 	Six Months Ended June 30	 	 	 	
(Dollars in millions) (Unaudited)	2015	 	2014	 	% Change 	 	2015	 	2014	 	% Change	 	
Statements of Income:	 	 	 	 	 	 	 	 	 	 	 	 	
Net interest income		$676		 		$649		 	4	 %	 		$1,342		 		$1,291		 	4	 %	 	
FTE adjustment	—		 	—		 	—		 	—		 	—		 	—		 	
Net interest income - FTE	676		 	649		 	4		 	1,342		 	1,291		 	4		 	
Provision for credit losses  1	9		 	42		 	(79	)	 	79		 	95		 	(17	)	 	
Net interest income - FTE - after provision for credit losses	667		 	607		 	10		 	1,263		 	1,196		 	6		 	
Noninterest income before net securities gains/(losses)	390		 	381		 	2		 	752		 	743		 	1		 	
Net securities gains/(losses)	—		 	—		 	—		 	—		 	—		 	—		 	
Total noninterest income	390		 	381		 	2		 	752		 	743		 	1		 	
Noninterest expense before amortization	724		 	724		 	—		 	1,443		 	1,426		 	1		 	
Amortization	1		 	3		 	(67	)	 	3		 	6		 	(50	)	 	
Total noninterest expense	725		 	727		 	—		 	1,446		 	1,432		 	1		 	
Income - FTE - before provision for income taxes	332		 	261		 	27		 	569		 	507		 	12		 	
Provision for income taxes	124		 	96		 	29		 	212		 	186		 	14		 	
FTE adjustment	—		 	—		 	—		 	—		 	—		 	—		 	
Net income including income attributable to noncontrolling interest	208		 	165		 	26		 	357		 	321		 	11		 	
Less: net income attributable to noncontrolling interest	—		 	—		 	—		 	—		 	—		 	—		 	
Net income		$208		 		$165		 	26		 		$357		 		$321		 	11		 	
 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenue - FTE		$1,066		 		$1,030		 	3		 		$2,094		 		$2,034		 	3		 	
Selected Average Balances:	 	 	 	 	 	 	 	 	 	 	 	 	
Total loans		$40,337		 		$41,517		 	(3	)%	 		$40,727		 		$41,387		 	(2	)%	 	
Goodwill	4,262		 	4,262		 	—		 	4,262		 	4,262		 	—		 	
Other intangible assets excluding MSRs	12		 	19		 	(37	)	 	13		 	21		 	(38	)	 	
Total assets	46,486		 	47,196		 	(2	)	 	46,805		 	47,066		 	(1	)	 	
Consumer and commercial deposits	91,287		 	85,154		 	7		 	90,927		 	84,681		 	7		 	
Performance Ratios:	 	 	 	 	 	 	 	 	 	 	 	 	
Efficiency ratio	67.92	 %	 	70.54	 %	 	 	 	69.04	 %	 	70.39	 %	 	 	 	
Impact of excluding amortization and associated funding cost of intangible assets	(1.55	)	 	(1.99	)	 	 	 	(1.60	)	 	(2.03	)	 	 	 	
Tangible efficiency ratio	66.37	 %	 	68.55	 %	 	 	 	67.44	 %	 	68.36	 %	 	 	 	
Other Information (End of Period):	 	 	 	 	 	 	 	 	 	 	 	 	
Managed (discretionary) assets	 	 	 	 	 	 		$44,001		 		$50,318		 	(13	)%	 	
Non-managed assets	 	 	 	 	 	 	55,973		 	53,926		 	4		 	
Total assets under administration	 	 	 	 	 	 	99,974		 	104,244		 	(4	)	 	
Brokerage assets	 	 	 	 	 	 	48,507		 	46,196		 	5		 	
Total assets under advisement	 	 	 	 	 	 		$148,481		 		$150,440		 	(1	)	 	

1  	Provision for credit losses represents net charge-offs by segment combined with an allocation to the segments for the provision attributable to quarterly changes in the allowance for loan and lease losses and unfunded commitment reserve balances.	

24

	
																							
SunTrust Banks, Inc. and Subsidiaries
WHOLESALE BANKING	 	
 	Three Months Ended June 30	 	 	 	Six Months Ended June 30	 	 	 	
(Dollars in millions) (Unaudited)	2015		2014	 	% Change 2	 	2015	 	2014	 	% Change 2	 	
Statements of Income:				 	 	 		 		 	 	 	
Net interest income		$444				$410		 	8	%	 		$874		 		$801		 	9	 %	 	
FTE adjustment	35			34		 	3		 	69		 	68		 	1		 	
Net interest income - FTE	479			444		 	8		 	943		 	869		 	9		 	
Provision for credit losses 1	30			8		 	NM		 	26		 	30		 	(13	)	 	
Net interest income - FTE - after provision for credit losses	449			436		 	3		 	917		 	839		 	9		 	
Noninterest income before net securities gains/(losses)	344			312		 	10		 	656		 	587		 	12		 	
Net securities gains/(losses)	—			—		 	—		 	—		 	—		 	—		 	
Total noninterest income	344			312		 	10		 	656		 	587		 	12		 	
Noninterest expense before amortization	390			390		 	—		 	791		 	813		 	(3	)	 	
Amortization	5			—		 	NM		 	11		 	—		 	NM		 	
Total noninterest expense	395			390		 	1		 	802		 	813		 	(1	)	 	
Income - FTE - before provision for income taxes	398			358		 	11		 	771		 	613		 	26		 	
Provision for income taxes	101			86		 	17		 	193		 	134		 	44		 	
FTE adjustment	35			34		 	3		 	69		 	68		 	1		 	
Net income including income attributable to noncontrolling interest	262			238		 	10		 	509		 	411		 	24		 	
Less: net income attributable to noncontrolling interest	—			—		 	—		 	—		 	—		 	—		 	
Net income		$262				$238		 	10		 		$509		 		$411		 	24		 	
 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenue - FTE		$823				$756		 	9		 		$1,599		 		$1,456		 	10		 	
Selected Average Balances:	 	 	 	 	 	 	 	 	 	 	 	 	
Total loans		$67,645				$61,366		 	10	%	 		$67,691		 		$60,159		 	13	 %	 	
Goodwill	2,075			2,075		 	—		 	2,075		 	2,071		 	—		 	
Other intangible assets excluding MSRs	—			—		 	—		 	—		 	—		 	—		 	
Total assets	81,026			72,691		 	11		 	81,129		 	71,375		 	14		 	
Consumer and commercial deposits	48,587			43,063		 	13		 	48,051		 	42,683		 	13		 	
Performance Ratios:	 	 	 	 	 	 	 	 	 	 	 	 	
Efficiency ratio	48.03	 %	 	51.73	 %	 	 	 	50.12	 %	 	55.80	 %	 	 	 	
Impact of excluding amortization and associated funding cost of intangible assets	(1.28	)	 	(0.84	)	 	 	 	(1.34	)	 	(0.94	)	 	 	 	
Tangible efficiency ratio	46.75	 %	 	50.89	 %	 	 	 	48.78	 %	 	54.86	 %	 	 	 	

1  	Provision for credit losses represents net charge-offs by segment combined with an allocation to the segments for the provision attributable to quarterly changes in the allowance for loan and lease losses and unfunded commitment reserve balances.	
		
2  	“NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.	

25

	
																							
SunTrust Banks, Inc. and Subsidiaries
MORTGAGE BANKING	 	
 	Three Months Ended June 30	 	 	 	Six Months Ended June 30	 	 	 	
(Dollars in millions) (Unaudited)	2015		2014	 	% Change 2	 	2015	 	2014	 	% Change 2	 	
Statements of Income:				 	 	 	 	 	 	 	 	 	
Net interest income		$123				$140		 	(12	)%	 		$244		 		$274		 	(11	)%	 	
FTE adjustment	—			—		 	—		 	—		 	—		 	—		 	
Net interest income - FTE	123			140		 	(12	)	 	244		 	274		 	(11	)	 	
(Benefit)/provision for credit losses 1	(13	)		24		 	NM		 	(23	)	 	50		 	NM		 	
Net interest income - FTE - after (benefit)/provision for credit losses	136			116		 	17		 	267		 	224		 	19		 	
Noninterest income before net securities gains/(losses)	105			119		 	(12	)	 	236		 	219		 	8		 	
Net securities gains/(losses)	—			—		 	—		 	—		 	—		 	—		 	
Total noninterest income	105			119		 	(12	)	 	236		 	219		 	8		 	
Noninterest expense before amortization	180			364		 	(51	)	 	357		 	550		 	(35	)	 	
Amortization	—			—		 	—		 	—		 	—		 	—		 	
Total noninterest expense	180			364		 	(51	)	 	357		 	550		 	(35	)	 	
Income - FTE - before provision/(benefit) for income taxes	61			(129	)	 	NM		 	146		 	(107	)	 	NM		 	
Provision/(benefit) for income taxes	4			(47	)	 	NM		 	34		 	(41	)	 	NM		 	
FTE adjustment	—			—		 	—		 	—		 	—		 	—		 	
Net income/(loss) including income attributable to noncontrolling interest	57			(82	)	 	NM		 	112		 	(66	)	 	NM		 	
Less: net income attributable to noncontrolling interest	—			—		 	—		 	—		 	—		 	—		 	
Net income/(loss)		$57				($82	)	 	NM		 		$112		 		($66	)	 	NM		 	
 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenue - FTE		$228				$259		 	(12	)	 		$480		 		$493		 	(3	)	 	
Selected Average Balances:	 	 	 	 	 	 	 	 	 	 	 	 	
Total loans		$24,793				$27,803		 	(11	)%	 		$24,617		 		$28,043		 	(12	)%	 	
Goodwill	—			—		 	—		 	—		 	—		 	—		 	
Other intangible assets excluding MSRs	—			—		 	—		 	—		 	—		 	—		 	
Total assets	28,555			31,251		 	(9	)	 	28,247		 	31,400		 	(10	)	 	
Consumer and commercial deposits	2,980			2,220		 	34		 	2,671		 	2,054		 	30		 	
Performance Ratios:	 	 	 	 	 	 	 	 	 	 	 	 	
Efficiency ratio	79.05	%	 	140.96	%	 	 	 	74.33	%	 	111.61	%	 	 	 	
Impact of excluding amortization and associated funding cost of intangible assets	—		 	—		 	 	 	—		 	—		 	 	 	
Tangible efficiency ratio	79.05	%	 	140.96	%	 	 	 	74.33	%	 	111.61	%	 	 	 	
Other Information:	 	 	 	 	 	 	 	 	 	 	 	 	
Production Data	 	 	 	 	 	 	 	 	 	 	 	 	
Channel mix	 	 	 	 	 	 	 	 	 	 	 	 	
Retail		$3,144		 		$2,204		 	43	 %	 		$5,569		 		$3,884		 	43	 %	 	
Wholesale	—		 	1		 	(100	)	 	—		 	1		 	(100	)	 	
Correspondent	3,347		 	1,879		 	78		 	6,032		 	3,305		 	83		 	
Total production		$6,491		 		$4,084		 	59		 		$11,601		 		$7,190		 	61		 	
Channel mix - percent	 	 	 	 	 	 	 	 	 	 	 	 	
Retail	48	%	 	54	%	 	 	 	48	%	 	54	%	 	 	 	
Correspondent	52		 	46		 	 	 	52		 	46		 	 	 	
Total production	100	%	 	100	%	 	 	 	100	%	 	100	%	 	 	 	
Purchase and refinance mix	 	 	 	 	 	 	 	 	 	 	 	 	
Refinance		$3,051		 		$1,366		 	NM		 		$6,122		 		$2,722		 	NM		 	
Purchase	3,440		 	2,718		 	27		 	5,479		 	4,468		 	23		 	
Total production		$6,491		 		$4,084		 	59		 		$11,601		 		$7,190		 	61		 	
Purchase and refinance mix - percent	 	 	 	 	 	 	 	 	 	 	 	 	
Refinance	47	%	 	33	%	 	 	 	53	%	 	38	%	 	 	 	
Purchase	53		 	67		 	 	 	47		 	62		 	 	 	
Total production	100	%	 	100	%	 	 	 	100	%	 	100	%	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	
Applications		$8,823		 		$6,720		 	31		 		$18,616		 		$11,749		 	58		 	
Mortgage Servicing Data (End of Period):	 	 	 	 	 	 	 	 	 	 	 	 	
Total loans serviced	 	 	 	 	 	 	145,491				$134,420		 	8	 %	 	
Total loans serviced for others	 	 	 	 	 	 	118,394			105,388		 	12		 	
Net carrying value of MSRs	 	 	 	 	 	 	1,393		 	1,259		 	11		 	
Ratio of net carrying value of MSRs to total loans serviced for others	 	 	 	 	 	 	1.177	%	 	1.195	%	 	 	 	
1 (Benefit)/provision for credit losses represents net charge-offs by segment combined with an allocation to the segments for the (benefit)/provision attributable to quarterly changes in the allowance for loan and lease losses and unfunded commitment reserve balances.
2 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

26

	
																							
SunTrust Banks, Inc. and Subsidiaries
CORPORATE OTHER	 	
 	Three Months Ended June 30	 	 	 	Six Months Ended June 30	 	 	 	
(Dollars in millions) (Unaudited)	2015		2014	 	% Change 3	 	2015	 	2014	 	% Change 3	 	
Statements of Income:				 	 	 	 	 	 	 	 	 	
Net interest (expense)/income 1		($76	)			$10		 	NM		 		($153	)	 		$48		 	NM		 	
FTE adjustment	1			1		 	—		 	2		 	1		 	100		 	
Net interest (expense)/income - FTE 1	(75	)		11		 	NM		 	(151	)	 	49		 	NM		 	
Provision/(benefit) for credit losses 2	—			(1	)	 	(100	)	 	—		 	—		 	—		 	
Net interest (expense)/income - FTE - after provision/(benefit) for credit losses 1	(75	)		12		 	NM		 	(151	)	 	49		 	NM		 	
Noninterest income before net securities gains/(losses)	21			146		 	(86	)	 	34		 	201		 	(83	)	 	
Net securities gains/(losses)	14			(1	)	 	NM		 	14		 	(2	)	 	NM		 	
   Total noninterest income	35			145		 	(76	)	 	48		 	199		 	(76	)	 	
Noninterest expense before amortization	27			35		 	(23	)	 	4		 	78		 	(95	)	 	
Amortization	1			1		 	—		 	(1	)	 	1		 	NM		 	
   Total noninterest expense	28			36		 	(22	)	 	3		 	79		 	(96	)	 	
(Loss)/income - FTE - before (benefit)/provision for income taxes	(68	)		121		 	NM		 	(106	)	 	169		 	NM		 	
(Benefit)/provision for income taxes	(27	)		38		 	NM		 	(46	)	 	19		 	NM		 	
FTE adjustment	1			1		 	—		 	2		 	1		 	100		 	
Net (loss)/income including income attributable to noncontrolling interest	(42	)		82		 	NM		 	(62	)	 	149		 	NM		 	
Less: net income attributable to noncontrolling interest	2			4		 	(50	)	 	4		 	11		 	(64	)	 	
Net (loss)/income		($44	)			$78		 	NM		 		($66	)	 		$138		 	NM		 	
 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenue - FTE		($40	)			$156		 	NM		 		($103	)	 		$248		 	NM		 	
 	 	 	 	 	 	 	 	 	 	 	 	 	
Selected Average Balances:	 	 	 	 	 	 	 	 	 	 	 	 	
Total loans		$54				$48		 	13	 %	 		$47		 		$46		 	2	 %	 	
Securities available for sale	26,309			22,975		 	15		 	26,061		 	22,782		 	14		 	
Goodwill	—			31		 	(100	)	 	—		 	36		 	(100	)	 	
Other intangible assets excluding MSRs	—			7		 	(100	)	 	—		 	8		 	(100	)	 	
Total assets	32,243			28,682		 	12		 	32,604		 	28,563		 	14		 	
Consumer and commercial deposits	(3	)		35		 	NM		 	21		 	22		 	(5	)	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	
Other Information (End of Period):	 	 	 	 	 	 	 	 	 	 	 	 	
Duration of investment portfolio (in years)	 	 	 	 	 	 	4.4		 	4.1		 	 	 	
Net interest income interest rate sensitivity:	 	 	 	 	 	 	 	 	 	 	 	 	
% Change in net interest income under:	 	 	 	 	 	 	 	 	 	 	 	 	
Instantaneous 100 bp increase in rates over next 12 months	 	 	 	 	 	 	2.3	 %	 	3.2	 %	 	 	 	
Instantaneous 200 bp increase in rates over next 12 months	 	 	 	 	 	 	4.4	 %	 	6.2	 %	 	 	 	
Instantaneous 25 bp decrease in rates over next 12 months	 	 	 	 	 	 	(0.9	)%	 	(0.6	)%	 	 	 	

1  	Net interest expense is driven by matched funds transfer pricing applied for segment reporting and actual net interest income.	
		
2  	Provision/(benefit) for credit losses represents net charge-offs by segment combined with an allocation to the segments for the provision/(benefit) attributable to quarterly changes in the allowance for loan and lease losses and unfunded commitments reserve balances.	
		
3  	“NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.	

27

SunTrust Banks, Inc. and Subsidiaries
CONSOLIDATED SEGMENT TOTALS

																							
 	Three Months Ended June 30	 	 	 	Six Months Ended June 30	 	 	 	
(Dollars in millions) (Unaudited)	2015	 	2014	 	% Change 1	 	2015	 	2014	 	% Change 1	 	
Statements of Income:	 	 	 	 	 	 	 	 	 	 	 	 	
Net interest income		$1,167		 		$1,209		 	(3	)%	 		$2,307		 		$2,414		 	(4	)%	 	
FTE adjustment	36		 	35		 	3		 	71		 	69		 	3		 	
Net interest income - FTE	1,203		 	1,244		 	(3	)	 	2,378		 	2,483		 	(4	)	 	
Provision for credit losses	26		 	73		 	(64	)	 	82		 	175		 	(53	)	 	
Net interest income - FTE - after provision for credit losses	1,177		 	1,171		 	1		 	2,296		 	2,308		 	(1	)	 	
Noninterest income before net securities gains/(losses)	860		 	958		 	(10	)	 	1,678		 	1,750		 	(4	)	 	
Net securities gains/(losses)	14		 	(1	)	 	NM		 	14		 	(2	)	 	NM		 	
Total noninterest income	874		 	957		 	(9	)	 	1,692		 	1,748		 	(3	)	 	
Noninterest expense before amortization	1,321		 	1,513		 	(13	)	 	2,595		 	2,867		 	(9	)	 	
Amortization	7		 	4		 	75		 	13		 	7		 	86		 	
Total noninterest expense	1,328		 	1,517		 	(12	)	 	2,608		 	2,874		 	(9	)	 	
Income - FTE - before provision for income taxes	723		 	611		 	18		 	1,380		 	1,182		 	17		 	
Provision for income taxes	202		 	173		 	17		 	393		 	298		 	32		 	
FTE adjustment	36		 	35		 	3		 	71		 	69		 	3		 	
Net income including income attributable to noncontrolling interest	485		 	403		 	20		 	916		 	815		 	12		 	
Less: net income attributable to noncontrolling interest	2		 	4		 	(50	)	 	4		 	11		 	(64	)	 	
Net income		$483		 		$399		 	21		 		$912		 		$804		 	13		 	
 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenue - FTE		$2,077		 		$2,201		 	(6	)	 		$4,070		 		$4,231		 	(4	)	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	
Selected Average Balances:	 	 	 	 	 	 	 	 	 	 	 	 	
Total loans		$132,829		 		$130,734		 	2	 %	 		$133,082		 		$129,635		 	3	 %	 	
Goodwill	6,337		 	6,368		 	—		 	6,337		 	6,369		 	(1	)	 	
Other intangible assets excluding MSRs	12		 	26		 	(54	)	 	13		 	29		 	(55	)	 	
Total assets	188,310		 	179,820		 	5		 	188,785		 	178,404		 	6		 	
Consumer and commercial deposits	142,851		 	130,472		 	9		 	141,670		 	129,440		 	9		 	
 	 	 	 	 	 	 	 	 	 	 	 	 	
Performance Ratios:	 	 	 	 	 	 	 	 	 	 	 	 	
Efficiency ratio	63.92	 %	 	68.93	 %	 	 	 	64.07	 %	 	67.92	 %	 	 	 	
Impact of excluding amortization and associated funding cost of intangible assets	(0.33	)	 	(0.16	)	 	 	 	(0.32	)	 	(0.16	)	 	 	 	
Tangible efficiency ratio	63.59	 %	 	68.77	 %	 	 	 	63.75	 %	 	67.76	 %	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	
Other Information (End of Period):	 	 	 	 	 	 	 	 	 	 	 	 	
Managed (discretionary) assets	 	 	 	 	 	 		$44,001		 		$50,318		 	(13	)%	 	
Non-managed assets	 	 	 	 	 	 	55,973		 	53,926		 	4		 	
Total assets under administration	 	 	 	 	 	 	99,974		 	104,244		 	(4	)	 	
Brokerage assets	 	 	 	 	 	 	48,507		 	46,196		 	5		 	
Total assets under advisement	 	 	 	 	 	 		$148,481		 		$150,440		 	(1	)	 	

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

28

2Q 2015 Earnings Presentation July 17, 2015

 

2 The following should be read in conjunction with the financial statements, notes and other information contained in the Company’s 2014 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 contains forward-looking statements. Statements regarding future levels of the efficiency ratio, swap income, net interest margin and provision expense are forward-looking statements. Also, any statement that does not describe historical or current facts is a forward-looking statement. These statements often include the words “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “targets,” “initiatives,” “potentially,” “probably,” “projects,” “outlook” or similar expressions or future conditional verbs such as “may,” “will,” “should,” “would,” and “could"; such statements are based upon the current beliefs and expectations of management and on information currently available to management. Such statements speak as of the date hereof, and we do not assume any obligation to update the statements made herein or to update the reasons why actual results could differ from those contained in such statements in light of new information or future events. Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward- looking statements. Factors that could cause actual results to differ materially from those described in the forward-looking statements can be found in Part I, “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2014 and in other periodic reports that we file with the SEC. Those factors include: 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, 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; our framework for managing risks may not be effective in mitigating risk and loss to us; 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 that our loans are concentrated by loan type, industry segment, borrower type, or location of the borrower or collateral; 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; we are subject to certain risks related to originating and selling mortgages, and we may be required to repurchase mortgage loans or indemnify mortgage loan purchasers as a result of breaches of representations and warranties, borrower fraud, or certain breaches of our servicing agreements, and this could harm our liquidity, results of operations, and financial condition; we face certain risks as a servicer of loans; we are subject to risks related to delays in the foreclosure process; our earnings may be affected by volatility in mortgage production and servicing revenues, and by changes in carrying values of our MSRs and mortgages held for sale due to changes in interest rates; 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; disruptions in our ability to access global capital markets may adversely affect our capital resources and liquidity; the fiscal and monetary policies of the federal government and its agencies could have a material adverse effect on our earnings; 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; 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; we are at risk of increased losses from fraud; a failure in or breach of our operational or security systems or infrastructure, or those of our third party vendors and other service providers, including as a result of cyber-attacks, could disrupt our businesses, result in the disclosure or misuse of confidential or proprietary information, damage our reputation, increase our costs and cause losses; the soundness of other financial institutions could adversely affect us; we depend on the accuracy and completeness of information about clients and counterparties; 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 our common stock; our ability to receive dividends from our subsidiaries could affect our liquidity and ability to pay dividends; any reduction in our credit rating could increase the cost of our funding from the capital markets; we have in the past and may in the future pursue acquisitions, which could affect costs and from which we may not be able to realize anticipated benefits; we 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 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. Important Cautionary Statement

 

3 2Q 15 Summary Earnings • Earnings per share of $0.89, up 10% from prior year adjusted EPS of $0.811 → 2Q 15 includes $0.03 discrete tax benefit • Net income available to common shareholders of $467 million Revenue • Net interest income higher sequentially, due to improved loan yields and one additional day in the quarter • Noninterest income increased from prior quarter, as higher investment banking and retail investment income more than offset a decline in mortgage-related income Expenses • Adjusted noninterest expense1 up sequentially, driven by increases in variable expense categories • Adjusted noninterest expense1 down from prior year, due to lower operating losses and the sale of RidgeWorth Balance Sheet • Average performing loans down slightly - continued focus on improving returns • Average client deposits increased 2% with continued favorable mix shift Credit and Capital • Nonperforming loans declined 21% from prior quarter and 46% from prior year • Net charge-off ratio was 0.26%, down from prior quarter and year • Basel III Common Equity Tier 1 ratio estimated to be 9.8%2, on a fully phased-in basis • Tangible book value per common share increased 7% from prior year 1. Please refer to the appendix for EPS, noninterest income, and noninterest expense adjustment details 2. Please refer to the appendix for Common Equity Tier 1 (Basel III Transitional) to Common Equity Tier 1 (Basel III Fully Phased-In) reconciliation

 

4 $436 $433 $466 $411 $467 ($49) $130 ($88) $0.81 $0.81 $0.88 $0.78 $0.89 Significant Items (net) Net Income Available to Common (excl significant items) EPS (excl significant items) Net Income Available To Common & Diluted EPS Solid earnings growth from prior quarter and year ($ in millions, except per-share data) 1. 2Q 14 reported EPS was $0.72, and reported net income available to common was $387 million. 3Q 14 reported EPS was $1.06 and reported net income available to common was $563 million. 4Q 14 reported EPS was $0.72, and reported net income available to common was $378 million. Please refer to the appendix for reconciliation to adjusted figures Note: Graphs not drawn to scale Prior Quarter Variance • EPS up $0.11, or 14% → Driven by higher revenue, a reduction in provision expense, and a discrete tax rate benefit  4% sequential revenue growth → Partially offset by an increase in noninterest expense, given improved business performance Prior Year Variance • Adjusted EPS increased $0.08, or 10% → Driven by a decline in noninterest expense and provision expense → Partially offset by lower net interest income 2Q 14 4Q 14 1 3Q 14 1Q 15 2Q 15 1

 

5 Net Interest Income - FTE Net interest income higher sequentially ($ in millions) Prior Quarter Variance • Net interest income increased $28 million due to one additional day in the quarter, improvement in core loan yields, and higher commercial loan swap income • Net interest margin improved by 3 basis points, primarily driven by higher commercial loan swap income and improved core loan yields Prior Year Variance • Net interest income was lower due entirely to the decline in commercial loan swap income • Positive loan and deposit growth was offset by declines in earning asset yields due to the prolonged low interest rate environment $1,244 $1,251 $1,248 $1,175 $1,203 3.11% 3.03% 2.96% 2.83% 2.86% 2Q 14 3Q 14 4Q 14 1Q 15 2Q 15 Net I terest Income Net Interest Margin

 

6 $855 $783 $792 $800 $858 $102 $17 $16 2Q 14 3Q 14 4Q 14 1Q 15 2Q 15 Adjusted Noninterest Income¹ Adjustment Items¹ Noninterest Income Noninterest income higher sequentially ($ in millions) Prior Quarter Variance • Noninterest income increased $57 million → Investment banking income up $48 million due to strong performance across multiple product categories → Service charges, card fees, and other transaction-related income up $19 million due to increased client activity and seasonal trends → Retail investment income up $8 million → Partially offset by a decline in mortgage-related income Prior Year Variance • Adjusted noninterest income1 relatively stable → Growth in capital markets and mortgage- related income completely offset the loss of RidgeWorth-related revenues $957 1. Noninterest income on a GAAP basis was $957 million, $780 million, $795 million, $817 million, and $874 million for 2Q 14, 3Q 14, 4Q 14, 1Q 15, and 2Q 15, respectively. Please refer to the appendix for noninterest income adjustment details Note: Totals may not foot due to rounding $817 $3 ($3) $874 $780 $795

 

7 $1,338 $1,267 $1,264 $1,280 $1,314 $179 $145 2Q 14 3Q 14 4Q 14 1Q 15 2Q 15 Adjusted Noninterest Expense¹ Adjustment Items¹ Noninterest Expense Adjusted expenses1 higher versus prior quarter and down from prior year ($ in millions) $1,410 1. Noninterest expense on a GAAP basis was $1,517 million, $1,259 million, $1,410 million, and $1,328 million for 2Q 14, 3Q 14, 4Q 14, and 2Q 15, respectively. Please refer to the appendix for noninterest expense adjustment details Note: Totals may not foot due to rounding Prior Quarter Variance • Adjusted noninterest expense1 increased $34 million → Personnel costs declined $15 million due to the seasonal decline in employee benefits expense, partially offset by higher costs tied to improved business performance → Other operating cost categories increased due to business activity levels and typical seasonal patterns, alongside certain discrete recoveries recognized in the prior quarter Prior Year Variance • Adjusted noninterest expense1 declined $24 million → Driven by lower personnel costs (due to the RidgeWorth sale) and lower operating losses → Partially offset by an increase in outside processing and software $1,517 $1,328 $1,259 ($8) $14

 

8 Adjusted Tangible Efficiency Ratio1 Full-year 2015 target is <63% 1. Calculated on a tangible basis and excluding certain items that are material and/or potentially nonrecurring. The GAAP efficiency ratios for 1Q 14, 2Q 14, 3Q 14, 4Q 14, 1Q 15, 2Q 15, 1H 14, and 1H 15 were 66.8%, 68.9%, 62.0%, 69.0%, 64.2%, 63.9%, 67.9%, and 64.1%, respectively. Please refer to the appendix for the GAAP reconciliations 64.9% 63.6% 61.9% 61.4% 64.5% 63.4% 1Q 14 2Q 14 3Q 14 4Q 14 1Q 15 2Q 15 64.2% 63.9% 1H 14 1H 15

 

9 $2,003 $1,968 $1,937 $1,893 $1,834 1.55% 1.49% 1.46% 1.43% 1.39% 2Q 14 3Q 14 4Q 14 1Q 15 2Q 15 ALLL ALLL Ratio Credit Quality Asset quality remains strong ($ in millions) Nonperforming Loans Provision for Credit Losses Allowance for Loan and Lease Losses Net Charge-offs $899 $762 $634 $612 $481 0.69% 0.58% 0.48% 0.46% 0.36% 2Q 14 3Q 14 4Q 14 1Q 15 2Q 15 Nonperforming Loans Nonperforming Loan Ratio $73 $93 $74 $55 $26 2Q 14 3Q 14 4Q 14 1Q 15 2Q 15 $113 $128 $94 $99 $87 0.35% 0.39% 0.28% 0.30% 0.26% 2Q 14 3Q 14 4Q 14 1Q 15 2Q 15 Net Charge-offs NCO Ratio (annualized)

 

10 $67.2 $69.2 $72.3 $73.5 $73.4 $41.7 $39.1 $38.5 $38.1 $38.1 $20.9 $21.6 $21.9 $21.1 $20.7 2Q 14 3Q 14 4Q 14 1Q 15 2Q 15 Commercial Residential Consumer Loans Average performing loans relatively stable ($ in billions, average balances) $132.7 $129.8 $129.9 $132.7 Note: Totals may not foot due to rounding Prior Quarter Variance • Average performing loans relatively stable, driven by targeted growth in certain categories and reductions in others → C&I flat → Consumer direct up 8% → Commercial real estate down 5% (primarily driven by elevated paydowns) → Consumer indirect down 4% • Loan growth also impacted by $1 billion auto loan securitization → Consistent with broader balance sheet optimization strategy; immaterial upfront P&L impact Prior Year Variance • Average performing loans up $2.4 billion, or 2%, driven by growth in commercial and consumer direct, partially offset by reductions in residential, student, and auto → C&I up 9% → Residential down 9% → Consumer relatively flat; however, positive mix shift occurred in the portfolio $132.2

 

11 $43.0 $45.6 $47.9 $49.2 $49.5 $40.0 $40.9 $41.6 $41.3 $42.3 $29.2 $28.2 $30.4 $33.2 $34.4 $12.1 $11.4 $11.0 $10.8 $10.4 $6.2 $6.1 $6.0 $6.1 $6.3 2Q 14 3Q 14 4Q 14 1Q 15 2Q 15 Money Market DDA NOW Time Savings Deposits Continued execution of client relationship deepening strategies drives 2% sequential and 9% annual growth ($ in billions) 1. Lower-cost deposits include DDA, NOW, Money Market, and Savings Note: Totals may not foot due to rounding $142.9 $130.5 $132.2 $140.5 $136.9 Prior Quarter Variance • Client deposits increased $2.4 billion, or 2% → Lower-cost deposits1 increased $2.7 billion, or 2% • Deposit growth used to pay down higher-cost wholesale borrowings Prior Year Variance • Client deposits increased $12.4 billion, or 9% → Lower-cost deposits1 up $14.1 billion, or 12% → Time deposits declined $1.7 billion, or 14%

 

12 $15.2 $15.4 $15.6 $15.8 $16.0 9.7% 9.8% 9.7% 9.7% 9.8% 2Q 14 3Q 14 4Q 14 1Q 15 2Q 15 Capital Position Estimated Basel III Common Equity Tier 1 ratio of 9.8%¹; further increase in tangible book value per share ($ in billions, except per-share data) Tangible Common Equity Ratio2 Tangible Book Value Per Share3 1. The Basel III calculations of Common Equity Tier 1 and the Common Equity Tier 1 ratio were estimated in 2Q 14 to 4Q 14 based upon the Company's interpretation at that time of the Basel III rule issued by the Federal Reserve on July 2, 2013, on a fully phased-in basis. Current quarter amounts are estimated at the time of the earnings release and subject to revision. Please refer to the appendix for additional details on the current quarter’s calculation 2. The total shareholders’ equity to total assets ratio was 12.12%, 11.92%, 12.09%, 12.25%, and 12.30% for the periods ending 2Q 14, 3Q 14, 4Q 14, 1Q 15, and 2Q 15, respectively. Please refer to the appendix for a reconcilement of tangible common equity to shareholders’ equity and tangible assets to total assets 3. Book value per share was $40.18, $40.85, $41.52, $42.21, and $42.46 for the periods ending 2Q 14, 3Q 14, 4Q 14, 1Q 15, and 2Q 15, respectively. Please refer to the appendix for a reconcilement to book value per share Basel III Common Equity Tier 1 (fully phased-in)1 8.66% 8.53% 8.50% 8.67% 8.70% 2Q 14 3Q 14 4Q 14 1Q 15 2Q 15 $28.64 $29.21 $29.82 $30.49 $30.65 2Q 14 3Q 14 4Q 14 1Q 15 2Q 15

 

13 Consumer Banking and PWM Highlights 1. Reported efficiency ratios were 70.5%, 70.2%, and 67.9% for 2Q 14, 1Q 15, and 2Q 15, respectively. The impacts from excluding the amortization and associated funding cost of intangible assets were (2.0%), (1.7%), and (1.6%) for 2Q 14, 1Q 15, and 2Q 15, respectively Prior Quarter Variance • Net interest income increased due to balance sheet optimization strategies and growth in consumer direct lending (resulting in loan spread expansion), low-cost deposit growth, and one additional day in the quarter • Noninterest income grew 7% due to increases in retail investment income and card fees, as well as seasonal increases in service charges • Noninterest expense stable and driving positive operating leverage (also applicable to prior year variance) • Provision expense down due to lower net charge-offs and an improvement in asset quality (also applicable to prior year variance) Prior Year Variance • Revenue increased 4% by meeting more clients’ deposit and investment needs, combined with improved loan mix • Net interest income higher, driven by growth in consumer direct lending and low-cost deposits • Noninterest income higher, primarily from growth in retail investment income due to increased client assets under management ($ in millions) 2Q 14 1Q 15 2Q 15 % Chg Prior Qtr % Chg Prior Yr Net Interest Income (FTE) $649 $666 $676 2% 4% Noninterest Income 381 363 390 7% 2% Total Revenue (FTE) 1,030 1,029 1,066 4% 4% Provision for Credit Losses 42 70 9 -87% -79% Noninterest Expense 727 722 725 0% 0% Net Income $165 $149 $208 40% 26% Key Statistics ($ in billions): Tangible Efficiency Ratio1 68.6% 68.5% 66.4% Total Loans (average) $41.5 $41.1 $40.3 -2% -3% Client Deposits (average) $85.2 $90.6 $91.3 1% 7%

 

14 Wholesale Banking Highlights 1. 1Q 15 reported noninterest income, net income, and efficiency ratio were $311 million, $247 million, and 52.3%, respectively. Adjusted figures exclude the impact of a $18 million legacy affordable housing recovery (noninterest income) 2. Reported efficiency ratios were 51.7%, 52.3%, and 48.0% for 2Q 14, 1Q 15, and 2Q 15, respectively. The impacts from excluding the amortization of intangible assets, the associated funding cost of intangible assets, and the adjustment noted above were (0.8%), (0.1%), and (1.3%) for 2Q 14, 1Q 15, and 2Q 15, respectively Prior Quarter Variance • Net interest income higher due to solid deposit growth, one additional day in the quarter, and slight net interest margin expansion • Adjusted noninterest income improved significantly, primarily due to higher investment banking income (also applicable to prior year variance) • Noninterest expense lower due to the seasonal decline in employee benefits cost Prior Year Variance • Net interest income up 8%, as strong loan and deposit growth was partially offset by a decline in loan spreads • Noninterest expense increased due to continued strategic investments in Corporate & Investment Banking ($ in millions) 2Q 14 1Q 15 Adjusted1 2Q 15 % Chg Prior Qtr % Chg Prior Yr Net Interest Income (FTE) $444 $464 $479 3% 8% Noninterest Income 312 293 344 17% 10% Total Revenue (FTE) 756 757 823 9% 9% Provision/(Benefit) for Credit Losses 8 (4) 30 NM NM Noninterest Expense 390 406 395 -3% 1% Net Income $238 $236 $262 11% 10% Key Statistics ($ in billions): Tangible Efficiency Ratio2 50.9% 52.2% 46.8% Total Loans (average) $61.4 $67.7 $67.6 0% 10% Client Deposits (average) $43.1 $47.5 $48.6 2% 13%

 

15 Mortgage Banking Highlights Prior Quarter Variance • Net interest income higher due to additional, high quality loans on the balance sheet • Noninterest income lower due to: → Lower production income, as a result of lower refinance activity and lower gain- on-sale margins → Lower servicing income, as a result of higher prepayment activity • Noninterest expense stable as costs remain well-controlled (also applicable to prior year variance) 1. 2Q 14 reported noninterest expense, net income/(loss), and efficiency ratio were $364 million, ($82) million, and 141.0%, respectively. Adjusted figures are the result of excluding $179 million of operating losses related to specific legacy mortgage matters (noninterest expense) ($ in millions) Prior Year Variance • Net income up $24 million due to lower provision expense and a discrete tax benefit in the current quarter • Net interest income lower due to loan sales in the prior year • Noninterest income lower due to a $19 million gain on the sale of loans in the prior year • Servicing portfolio up 12%, driven primarily by continued portfolio acquisitions 2Q 14 Adjusted1 1Q 15 2Q 15 % Chg Prior Qtr % Chg Prior Yr Net Interest Income (FTE) $140 $121 $123 1% -12% Noninterest Income 119 132 105 -20% -12% Total Revenue (FTE) 259 253 228 -10% -12% Provision/(Benefit) for Credit Losses 24 (10) (13) NM NM Noninterest Expense 185 178 180 2% -3% Net Income $33 $55 $57 3% 72% Key Statistics ($ in billions): Efficiency Ratio 71.4% 70.1% 79.1% Servicing Portfolio for Others (EOP) $105.4 $115.2 $118.4 3% 12% Production Volume $4.1 $5.1 $6.5 26% 59% Application Volume $6.7 $9.8 $8.8 -10% 31%

 

Appendix

 

17 Mortgage Servicing Income Supplemental Information ($ in millions) 1. Includes contractually specified servicing fees, late charges, interest curtailment expense, and other ancillary revenues 2. Due primarily to the receipt of monthly servicing fees and from prepayments 3. Includes both the fair value mark-to-market of the Mortgage Servicing Rights asset from changes in market rates and other assumption updates, exclusive of the decay, and the impact of using derivatives to hedge the risk of changes in the fair value of the MSR asset Note: Totals may not foot due to rounding 2Q 14 3Q 14 4Q 14 1Q 15 2Q 15 Servicing Fees 1 $82 $81 $88 $81 $81 ($46) ($46) ($45) ($51) ($57) Net MSR Fair Value and Hedge Activity3 $10 $9 $10 $13 $6 Mortgage Servicing Income $45 $44 $53 $43 $30 Memo: Total Loans Serviced for Others (end of period) $105,388 $109,142 $115,534 $115,179 $118,394 Annualized Servicing Fees / Total Loans Serviced for Others (bps) 31 30 31 29 28 Changes in MSR Value from Collection / Realization of Cash Flow (Decay) 2

 

18 Commercial Loan Swap Interest Income ($ in millions) Key Points • Quarterly commercial loan swap income is expected to be relatively stable • SunTrust receives a fixed rate and pays a floating rate (LIBOR) on the notional value of the swaps • SunTrust maintains a modestly asset sensitive position → As of June 30, 2015, an instantaneous 100 basis-point increase in rates would result in a 2.3% increase in net interest income over the next 12 months 1. Forecast swap income assumes LIBOR unchanged relative to June 30, 2015 levels Actual Forecast1 $102 $102 $99 $84 $54 $63 $69 $66 1Q 14 2Q 14 3Q 14 4Q 14 1Q 15 2Q 15 3Q 15 4Q 15

 

19 30 – 89 Day Delinquencies by Loan Class ($ in millions) 1. Excludes delinquencies on all federally guaranteed mortgages 2. Excludes delinquencies on federally guaranteed student loans 3. Excludes delinquencies on federally guaranteed mortgages and student loans from the calculation 4. Excludes mortgage loans guaranteed by GNMA that SunTrust has the option, but not the obligation, to repurchase Note: Totals may not foot due to rounding Memo: 30-89 Accruing Delinquencies 2Q 14 3Q 14 4Q 14 1Q 15 2Q 15 2Q 15 Loan Balance Commercial & industrial 0.07% 0.07% 0.05% 0.07% 0.05% $65,713 Commercial real estate 0.07% 0.08% 0.05% 0.05% 0.04% 6,058 Commercial construction 0.04% 0.19% 0.06% 0.01% 0.02% 1,530 Total Commercial Loans 0.07% 0.08% 0.05% 0.06% 0.05% $73,301 Residential mortgages – guaranteed - - - - - $625 Residential mortgages – nonguaranteed 0.46% 0.45% 0.46% 0.40% 0.38% 24,038 Home equity products 0.72% 0.70% 0.71% 0.60% 0.56% 13,672 Residential construction 0.76% 1.03% 1.56% 1.42% 1.20% 401 Total Residential Loans¹ 0.56% 0.55% 0.57% 0.49% 0.45% $38,736 Guaranteed student loans - - - - - $4,401 Other direct 0.59% 0.61% 0.42% 0.37% 0.39% 5,329 Indirect 0.54% 0.74% 0.99% 0.71% 0.80% 9,834 Credit cards 0.81% 0.83% 0.83% 0.71% 0.64% 937 Total Consumer Loans² 0.56% 0.71% 0.82% 0.61% 0.65% $20,500 Total SunTrust - excluding government-guaranteed delinquencies³ 0.29% 0.30% 0.30% 0.26% 0.25% $127,512 Impact of excluding government-guaranteed delinquencies 0.34% 0.29% 0.34% 0.30% 0.25% 5,026 Total SunTrust - including government-guaranteed delinquencies4 0.63% 0.59% 0.64% 0.56% 0.50% $132,538

 

20 Nonperforming Loans by Loan Class Down 21% from prior quarter and 46% from prior year ($ in millions) Note: Totals may not foot due to rounding Memo: Nonperforming Loans 2Q 14 3Q 14 4Q 14 1Q 15 2Q 15 2Q 15 Loan Balance Commercial & industrial $199 $178 $151 $140 $140 $65,713 Commercial real estate 38 32 21 24 17 6,058 Commercial construction 10 9 1 1 1 1,530 Total Commercial Loans $246 $219 $173 $165 $158 $73,301 Residential mortgages – guaranteed - - - - - $625 Residential mortgages – nonguaranteed $406 $327 $254 $254 $147 24,038 Home equity products 191 178 174 165 153 13,672 Residential construction 46 30 27 23 18 401 Total Residential Loans $642 $535 $455 $442 $318 $38,736 Guaranteed student loans - - - - - $4,401 Oth r direct $5 $5 $6 $4 $4 5,329 Indirect 6 3 - 1 1 9,834 Credit cards - - - - 937 Total Consumer Loans $10 $8 $6 $5 $5 $20,500 Total SunTrust $899 $762 $634 $612 $481 $132,538

 

21 Net Charge-off Ratios by Loan Class Note: Totals may not foot due to rounding Down from prior quarter and year ($ in millions) Memo: Net Charge-off Ratio (annualized) 2Q 14 3Q 14 4Q 14 1Q 15 2Q 15 2Q 15 Loan Balance Commercial & industrial 0.15% 0.08% 0.12% 0.12% 0.12% $65,713 Commercial real estate 0.12% 0.07% -0.15% -0.08% -0.15% 6,058 Commercial construction 0.72% -0.64% -0.77% -0.26% -0.07% 1,530 Total Commercial Loans 0.15% 0.07% 0.08% 0.09% 0.09% $73,301 Residential mortgages – guaranteed - - - - - $625 Residential mortgages – nonguaranteed 0.66% 0.78% 0.42% 0.39% 0.46% 24,038 Home equity products 0.79% 0.78% 0.80% 0.89% 0.52% 13,672 Residential construction -0.99% 12.79% -1.08% 5.53% 5.39% 401 Total Residential Loans 0.64% 0.91% 0.53% 0.62% 0.53% $38,736 Guaranteed student loans - - - - - $4,401 Oth r direct 1.00% 0.74% 0.68% 0.69% 0.56% 5,329 Indirect 0.22% 0.44% 0.50% 0.40% 0.28% 9,834 Credit cards 2.94% 2.28% 2.43% 2.29% 2.23% 937 Total Consumer Loans 0.38% 0.45% 0.49% 0.46% 0.38% $20,500 Total SunTrust 0.35% 0.39% 0.28% 0.30% 0.26% $132,538

 

22 Net Charge-offs by Loan Class Note: Totals may not foot due to rounding Down 12% from prior quarter and 23% prior year ($ in millions) Memo: Net Charge-offs 2Q 14 3Q 14 4Q 14 1Q 15 2Q 15 2Q 15 Loan Balance Commercial & industrial $22 $12 $19 $19 $20 $65,713 Commercial real estate 1 1 (3) (1) (3) 6,058 Commercial construction 3 (2) (2) (1) - 1,530 Total Commercial Loans $26 $11 $14 $17 $16 $73,301 Residential mortgages – guaranteed - - - - - $625 Residential mortgages – nonguaranteed $39 $47 $24 $22 $27 24,038 Home equity products 29 29 29 31 19 13,672 Residential construction (1) 16 (1) 6 5 401 Total Residential Loans $67 $92 $52 $59 $51 $38,736 Guaranteed student loans - - - - - $4,401 Oth r direct $8 $7 $8 $8 $7 5,329 Indirect 7 13 15 $11 7 9,834 Credit cards 5 5 5 $5 5 937 Total Consumer Loans $20 $25 $28 $24 $20 $20,500 Total SunTrust $113 $128 $94 $99 $87 $132,538

 

23 Income Statement ($ in millions, except per-share data) 2Q 14 Reported Earnings Impact from Significant 2Q 14 Items 2Q 14 Adjusted Earnings 3Q 14 Reported Earnings Impact from Significant 3Q 14 Items 3Q 14 Adjusted Earnings 4Q 14 Reported Earnings Impact from Significant 4Q 14 Items 4Q 14 Adjusted Earnings NET INTEREST INCOME $1,209 $1,209 $1,215 $1,215 $1,211 $1,211 Provision for Credit Losses 73 73 93 93 74 74 NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 1,136 1,136 1,122 1,122 1,137 1,137 NONINTEREST INCOME - - Service charges on deposit accounts 160 160 169 169 162 162 Trust and investment management income 116 116 93 93 84 84 Retail investment services 76 76 76 76 73 73 Other charges and fees 91 91 95 95 94 94 Investment banking income 119 119 88 88 109 109 Trading Income 47 47 46 46 40 40 Card fees 82 82 81 81 82 82 Mortgage production related income / (loss) 52 52 45 45 61 61 Mortgage servicing related income 45 45 44 44 53 53 Other noninterest income 170 105 65 52 52 42 42 Net securities gains (1) (1) (9) (9) (5) (5) Total noninterest income 957 105 852 780 780 795 795 NONINTEREST EXPENSE Employee compensation and benefits 763 763 730 730 670 670 Net occupancy expense 83 83 84 84 86 86 Outside processing and software 181 181 184 184 206 206 Equipment expense 42 42 41 41 42 42 Marketing and customer development 30 30 35 35 43 43 Amortization/impairment of intangible assets/goodwill 4 4 7 7 11 11 Operating losses 218 179 39 29 29 174 145 28 FDIC premium/regulatory exams 40 40 29 29 32 32 Other noninterest expense 156 156 120 120 146 146 Total noninterest expense 1,517 179 1,338 1,259 1,259 1,410 145 1,264 INCOME BEFORE PROVISION FOR INCOME TAXES 576 (74) 650 643 643 522 (145) 667 Provision/(benefit) for income taxes 173 (25) 198 67 (130) 197 128 (57) 185 NET INCOME INCLUDING INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST 403 (49) 452 576 130 446 394 (88) 482 Net income attributable to noncontrolling interest 4 4 - - - - NET INCOME 399 (49) 448 576 130 446 394 (88) 482 NET INCOME AVAILABLE TO COMMON SHAREHOLDERS 387 (49) 436 563 130 433 378 (88) 466 EPS - DILUTED $0.72 ($0.09) $0.81 $1.06 $0.25 $0.81 $0.72 ($0.17) $0.88 Reconciliation of 2Q 14, 3Q 14, and 4Q 14 Income Statements 1. Reflects the pre-tax gain associated with the RidgeWorth sale. 2. Reflects the pre-tax impact from the settlement of certain legacy mortgage matters. 3. Reflects the income tax benefit related to footnotes #1 and #2. 4. Reflects the income tax benefit related to the completion of a tax authority exam. 5. Reflects the legal provision for legacy mortgage matters, as highlighted in the January 5, 2015, 8-K. 6. Reflects the income tax benefit related to footnote #5 Note: Totals may not foot due to rounding 1 2 3 4 5 6

 

24 Reconciliation of Noninterest Income and Expense ($ in millions) 1. Fair value items include debt, trading positions, and certain mortgage loans 2. Adjusted noninterest income and expense are provided as certain items are removed that are material and/or potentially nonrecurring. Adjusted figures are intended to provide management and investors information on trends that are more comparable across periods and potentially more comparable across institutions Note: Totals may not foot due to rounding 2Q 14 3Q 14 4Q 14 1Q 15 2Q 15 Reported Noninterest Income $957 $780 $795 $817 $874 Adjustment Items: Fair value mark-to-market and securities gains/(losses) 1 (3) (3) 3 (1) 16 RidgeWorth sale (Other income) 105 - - - - Legacy affordable housing recovery (Other income) - - - 18 - Total Adjustments 102 (3) 3 17 16 Adjusted Noninterest Income 2 $855 $783 $792 $800 $858 2Q 14 3Q 14 4Q 14 1Q 5 2Q 15 Reported Noninterest Expense $1,517 $1,259 $1,410 $1,280 $1,328 Adjustment Items: Legacy affordable housing impairment (Other noninter st expense) - (8) - - - Loss on debt extinguishment (Other noninterest expense) - - - - 14 Impact of certain legacy mortgage legal matters (Operating losses) 179 - 145 - - Total Adjustments 179 (8) 145 - 14 Adjusted Noninterest Expense 2 $1,338 $1,267 $1,264 $1,280 $1,314

 

25 Reconciliation of Efficiency Ratio ($ in millions) 1. Fair value items include debt, trading positions, auction rate securities, and certain mortgage loans 2. 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 are more comparable across periods and potentially more comparable across institutions Note: Totals may not foot due to rounding 1Q 14 2Q 14 3Q 14 4Q 14 1Q 15 2Q 15 1H 14 1H 15 Reported (GAAP) Basis Reported Revenue - FTE $2,030 $2,201 $2,031 $2,043 $1,992 $2,077 $4,231 $4,070 Reported Noninterest Expense 1,357 1,517 1,259 1,410 1,280 1,328 2,874 2,608 Amortization 3 4 7 11 7 7 7 13 Efficiency Ratio 66.8% 68.9% 62.0% 69.0% 64.2% 63.9% 67.9% 64.1% Tangible Efficiency Ratio 66.7% 68.8% 61.7% 68.4% 63.9% 63.6% 67.8% 63.7% Adjusted Basis Reported Revenue - FTE $2,030 $2,201 $2,031 $2,043 $1,992 $2,077 $4,231 $4,070 Adjustment Items: Fair value mark-to-market and securities gains/(losses)1 2 (3) (3) 3 (1) 16 (1) 15 RidgeWorth sale - 105 - - - - 105 - Legacy affordable housing recovery - - - - 18 - - 18 Adjusted Revenue - FTE2 $2,029 $2,099 $2,034 $2,040 $1,975 $2,061 $4,128 $4,037 Reported Noninterest Expense $1,357 $1,517 $1,259 $1,410 $1,280 $1,328 $2,874 $2,608 Adjustment Items: Legacy affordable housing impairment 36 - (8) - - - 36 - Loss on debt extinguishment - - - - - 14 - 14 Impact of certain legacy mortgage legal matters - 179 - 145 - - 179 - Adjusted Expense2 $1,321 $1,338 $1,267 $1,264 $1,280 $1,314 $2,659 $2,594 Efficiency Ratio - Adjusted Basis 65.1% 63.7% 62.3% 62.0% 64.8% 63.7% 64.4% 64.3% Tangible Efficiency Ratio - Adjusted Basis 64.9% 63.6% 61.9% 61.4% 64.5% 63.4% 64.2% 63.9%

 

26 Reconciliation of Common Equity Tier 1 Ratio1 ($ in billions) 2Q 15 Common Equity Tier 1 – Transitional $16.0 Adjustments2 - Common Equity Tier 1 – Fully phased-in $16.0 Risk-weighted Assets: Common Equity Tier 1 – Transitional $161.4 Adjustments3 2.0 Risk-weighted Assets: Common Equity Tier 1 – Fully phased-in $163.4 Common Equity Tier 1 – Transitional 9.9% Common Equity Tier 1 – Fully phased-in 9.8% 1. The Common Equity Tier 1 ratio is subject to certain phase-in requirements under Basel III beginning in 2015 for SunTrust, and as such we have presented a reconciliation of the Common Equity Tier 1 ratio as calculated considering the phase-in requirements (Common Equity Tier 1 – Transitional) to the fully phased-in ratio. All figures are estimated at the time of the earnings release and subject to revision. 2. Primarily includes the phase-out from capital of certain DTAs, the overfunded pension asset, and other intangible assets. 3. Primarily relates to the increased risk weight to be applied to mortgage servicing assets on a fully phased-in basis.

 

27 Reconciliation of Non-GAAP Measures ($ in billions, except per-share data) Jun 30 Sep 30 Dec 31 Mar 31 Jun 30 2014 2014 2014 2015 2015 Total shareholders' equity $22.1 $22.3 $23.0 $23.3 $23.2 Goodwill, net of deferred taxes (6.1) (6.1) (6.1) (6.1) (6.1) Other intangible assets including MSRs, net of deferred taxes (1.3) (1.3) (1.2) (1.2) (1.4) MSRs 1.3 1.3 1.2 1.2 1.4 Tangible equity 16.0 16.1 16.9 17.1 17.1 Preferred stock (0.7) (0.7) (1.2) (1.2) (1.2) Tangible common equity $15.3 $15.4 $15.6 $15.9 $15.9 Total assets $182.6 $186.8 $190.3 $189.9 $188.9 Goodwill (6.3) (6.3) (6.3) (6.3) (6.3) Other intangible assets including MSRs (1.3) (1.3) (1.2) (1.2) (1.4) MSRs 1.3 1.3 1.2 1.2 1.4 Tangible assets $176.2 $180.5 $184.0 $183.5 $182.5 Tangible equity to tangible assets 9.07% 8.94% 9.17% 9.34% 9.37% Tangible common equity to tangible assets 8.66% 8.53% 8.50% 8.67% 8.70% Tangible book value per common share $28.64 $29.21 $29.82 $30.49 $30.65 Note: Totals may not foot due to rounding