8-K

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): April 19, 2013

SunTrust Banks, Inc.

__________________________________________

(Exact name of registrant as specified in its charter)

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

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

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

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

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

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

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

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

Item 2.02 Results of Operations and Financial Condition.

Item 7.01 Regulation FD.

On April 19, 2013, SunTrust Banks, Inc. (the “Registrant”) announced financial results for the period ended March 31, 2013. A copy of the news release announcing such results is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The Registrant intends to hold an investor call and webcast to discuss these results on April 19, 2013, at 8:00 a.m. Eastern time. Additional presentation materials relating to such call are furnished hereto as Exhibit 99.2 and are incorporated herein by reference.

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

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1	News release dated April 19, 2013 (furnished with the Commission as a part of this Form 8-K).
99.2	Presentation materials dated April 19, 2013 (furnished with the Commission as a part of this Form 8-K).

SIGNATURE

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

	SUNTRUST BANKS, INC.
	(Registrant)
Date: April 19, 2013	By: /s/ Thomas E. Panther
	Thomas E. Panther,
	Senior Vice President, Director of Corporate Finance and Controller

EX-99.1

Exhibit 99.1

News Release

Contact:
Investors	Media
Kris Dickson	Mike McCoy
(404) 827-6714	(404) 588-7230

For Immediate Release

April 19, 2013

SunTrust Reports First Quarter2013 Results

Credit Quality Improvement and Significant Expense Declines Drove Earnings Per Share of $0.63

ATLANTA -- SunTrust Banks, Inc. (NYSE: STI) today reported net income available to common shareholders of $340 million, or $0.63 per average common diluted share, for the first quarter of 2013. This compares to earnings per share of $0.46 in the first quarter of last year and $0.65 per share in the fourth quarter of 2012.

"First quarter 2013 earnings were notably higher than last year," said William H. Rogers, Jr., chairman and chief executive officer of SunTrust Banks, Inc.  “Our expenses declined meaningfully, not only related to the continued abatement of cyclically high costs, but also as a direct result of our concerted efforts to improve our efficiency.” Mr. Rogers noted that the efficiency ratio declined over five percentage points from last year and was also down from last quarter, despite lower revenue associated with mortgage production income and the effects of seasonality in other categories. 

First Quarter2013 Financial Highlights

Income Statement

• Continued expense reductions and improvement in credit quality drove net income available to common shareholders of $340 million, or $0.63 per average common diluted share.

• Revenue, excluding securities gains, decreased 8% and 4% compared to the prior quarter and the first quarter of last year, respectively, due to declines in both net interest and noninterest income.

• Net interest income declined due to net interest margin compression of 3 and 16 basis points compared to the prior quarter and the first quarter of last year, respectively, as the decline in earning asset yields outpaced the decline in interest-bearing liability costs.

• Noninterest income decreased from the prior quarter due to lower mortgage production income. Investment banking income also declined, as the seasonally lower first quarter followed a record fourth quarter.

• Noninterest expense decreased 10% and 12% compared to the prior quarter and the first quarter of last year, respectively, on broad based reductions across most categories. Expenses were at their lowest level in three years.

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Balance Sheet

• Average loans decreased 1% compared to both the prior quarter and the first quarter of last year. The decreases were predominantly related to declines in residential real estate and government guaranteed student loans, which were substantially offset by targeted growth in commercial and industrial loans.

• Average client deposits were essentially flat on a sequential quarter basis and increased 1% compared to the first quarter of last year. In both periods, we experienced a shift out of higher cost time deposits into lower cost deposit products.

Capital

• Estimated capital ratios continued to be well above current regulatory requirements. The Tier 1 common equity ratio increased to an estimated 10.10%, up from 10.04% at year end.

• During the quarter, the Company announced capital plans that included up to $200 million of common share repurchases by the end of the first quarter of 2014. Additionally, the Company's Board of Directors will consider in its upcoming meeting a $0.05 per share increase in the quarterly common stock dividend.

Asset Quality

• The overall risk profile of the balance sheet continued to improve. Nonperforming loans decreased 5% during the quarter and were 1.21% of total loans at March 31, 2013, compared to 1.27%at year end and2.16% a year ago.

• Annualized net charge-offs decreased to 0.76% of average loans compared to 1.30% and 1.38% in the prior quarter and the first quarter of last year, respectively. Current quarter net charge-offs were at their lowest level in five years.

• The provision for credit losses declined approximately 35% compared to both the prior quarter and the first quarter of last year.

Income Statement (presented on a fully taxable-equivalent basis)	1Q 2012			4Q 2012			1Q 2013
(Dollars in millions, except per share data)
Net income available to common shareholders	$245			$350			$340
Earnings per average common diluted share	0.46			0.65			0.63
Total revenue	2,218			2,291			2,114
Total revenue, excluding net securities gains/losses	2,200			2,290			2,112
Net interest income	1,342			1,276			1,251
Provision for credit losses	317			328			212
Noninterest income	876			1,015			863
Noninterest expense	1,541			1,510			1,363
Net interest margin	3.49		%	3.36		%	3.33		%
Balance Sheet
(Dollars in billions)
Average loans		$122.5			$121.6			$120.9
Average consumer and commercial deposits	125.8			127.9			127.7
Capital
Tier 1 capital ratio(1)	11.00		%	11.13		%	11.20		%
Tier 1 common equity ratio(1)	9.33		%	10.04		%	10.10		%
Total average shareholders’ equity to total average assets	11.45		%	11.82		%	12.29		%
Asset Quality
Net charge-offs to average loans (annualized)	1.38		%	1.30		%	0.76		%
Allowance for loan losses to period end loans	1.92		%	1.80		%	1.79		%
Nonperforming loans to total loans	2.16		%	1.27		%	1.21		%

 (1) Current period Tier 1 capital and Tier 1 common equity ratios are estimated as of the date of this news release.

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Consolidated Financial Performance Details

(Presented on a fully taxable-equivalent basis unless otherwise noted)

Revenue

Total revenue was $2.1 billion for the first quarter, a decrease of $177 million compared to the prior quarter. The decline was driven by lower mortgage-related income, record fourth quarter investment banking revenue, and lower net interest income. Total revenue compared to the first quarter of last year decreased $104 million due primarily to lower net interest income.

Net Interest Income

Net interest income was $1.3 billion for the current quarter, a decrease of $25 million from the prior quarter, primarily driven by two fewer days in the current quarter. Net interest income decreased $91 million compared to the first quarter of last year due to lower earning asset yields, which were impacted by a decrease in commercial loan-related swap income and the foregone dividend income related to the third quarter 2012 accelerated termination of the agreements regarding the shares formerly owned in The Coca-Cola Company. These decreases were partially offset by lower deposit rates and a reduction in long-term debt.

Net interest margin for the first quarter was 3.33%, a decrease of 3 basis points from the prior quarter and 16 basis points from the first quarter of last year. On a sequential quarter basis, earning asset yields declined 6 basis points as a result of the continued low interest rate environment. Partially offsetting this decrease was a 2 basis point reduction on interest-bearing liabilities due to modestly lower rates paid on deposits. Compared to the first quarter of last year, the decrease in net interest margin was primarily due to a 34 basis point decrease in loan yields, driven by the continued low interest rate environment and a decrease in commercial loan-related swap income, as well as a 60 basis point decrease in the yield on the investment securities portfolio, approximately 26 basis points of which was due to the forgone dividend income associated with The Coca-Cola Company stock. These decreases were partially offset by a 25 basis point decline in rates paid on interest-bearing liabilities, primarily related to time deposits and long-term debt.

Noninterest Income

Total noninterest income was $863 million for the current quarter compared to $1,015 million for the prior quarter and $876 million for the first quarter of last year. The $152 million sequential quarter decrease was largely driven by lower mortgage and capital markets-related revenue, as well as a reduction in certain other categories due to fewer business days in the current quarter. Compared to the first quarter of last year, the $13 million decrease was primarily driven by reductions in mortgage servicing related income, securities gains, and trading income and was largely offset by a lower mortgage repurchase provision.

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Mortgage production income for the current quarter was $159 million compared to $241 million for the prior quarter and $63 million for the first quarter of last year. The $82 million sequential quarter decrease was primarily driven by declines in margins. Partially offsetting the decline was higher origination fees due to the 11% increase in loan production volume as compared to prior quarter. Relative to the first quarter of last year, mortgage production income increased $96 million due to the $161 million decline in the mortgage repurchase provision, partially offset by reduced margins. At March 31, 2013, the reserve for mortgage repurchases totaled $513 million, a decrease of $119 million from the prior quarter as resolution activity on outstanding repurchase requests increased during the current quarter. Consistent with prior expectations, repurchase demands increased in the current quarter compared to recent quarters, while full file requests - a leading indicator of future demands - decreased.

Mortgage servicing income was $38 million for the current quarter compared to $45 million for the prior quarter and $81 million for the first quarter of last year. The $7 million sequential quarter decrease was due to lower servicing fees resulting from a decline in the mortgage servicing portfolio. The $43 million decrease compared to the first quarter of last year was due to lower servicing fees and less favorable net hedge performance. At March 31, 2013, the servicing portfolio was $142 billion compared to $155 billion at March 31, 2012, with the decline driven by the elevated level of refinance volume and the sales of certain loans in the portfolio.

Investment banking income was $68 million for the current quarter compared to $112 million in the prior quarter and $71 million in the first quarter of last year. The sequential quarter decrease was due to the record fourth quarter, which included an accelerated level of deal activity at year end, whereas the current quarter experienced seasonally lower levels of activity, most notably in loan syndications and high yield bond originations.

Trading income was $42 million for the current quarter compared to $65 million for the prior quarter and $57 million for the first quarter of last year. The $23 million sequential quarter decrease was largely attributable to reduced trading-related litigation reserves recognized in the previous quarter. The $15 million decline in trading income compared to the first quarter of last year was largely driven by an addition to our counterparty valuation reserve in the current quarter. Mark-to-market valuation losses on the Company's fair value debt and index-linked CDs were $24 million in the current quarter, which was approximately equal to the losses experienced during the first and fourth quarters of last year.

Other noninterest income for the current quarter was $44 million compared to $18 million for the prior quarter and $57 million for the first quarter of last year. The $26 million sequential quarter increase was primarily due to $25 million of net losses recognized from the sales of loans in the prior quarter. The $13 million decrease from the first quarter of last year was primarily due to lower gains from the sales of leases.

Noninterest Expense

Noninterest expense was $1.4 billion for the current quarter, a sequential quarter decrease of $147 million, or 10%, and a decline from the prior year of $178 million, or 12%. The declines from both periods were broad-based, reflecting the Company's continued expense reduction initiatives and the abatement of cyclically high costs.

Employee compensation and benefits expense was $759 million in the current quarter, up $21 million on a sequential quarter basis, primarily due to an approximate $35 million seasonal increase in employee benefits. The higher benefits expense was partially offset by a decrease in salaries, attributable to a reduction in full-time equivalent employees during the quarter, and lower incentive compensation. Compared to the first quarter of last year, employee compensation and benefits expense decreased $38 million, largely attributable to the reduction in full-time equivalent employees, as well as lower incentive compensation.

Operating losses were $39 million in the current quarter, a decrease of $38 million compared to the prior quarter and $21 million compared to the first quarter of last year. On a sequential quarter basis, the decline was primarily due to the $32 million fourth quarter expense related to the Acceleration and Remediation Agreement with the Federal Reserve Board and the Office of the Comptroller of the Currency regarding the Independent Foreclosure Review. The decrease compared to the first quarter of last year was driven by declines in litigation-related expenses and mortgage servicing-related compensatory fees.

Marketing and customer development expense was $30 million in the current quarter. This was a $20 million decline on a sequential basis due to seasonality and a modest increase compared to the first quarter of last year.

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Other noninterest expense was $163 million, a decrease of $98 million from the prior quarter and $122 million from the first quarter of last year. The sequential quarter decline was largely driven by reductions in legal and consulting expenses, credit-related expenses (which are comprised of other real estate expenses and credit and collection costs), and franchise taxes. The decrease compared to the first quarter of last year was primarily due to reductions in credit-related, severance, and legal and consulting expenses.

Income Taxes

For the current quarter, the Company recorded an income tax provision of $151 million compared to $62 million for the prior quarter and $69 million for the first quarter of last year. The effective tax rate was 30% for the current quarter compared to 15% for the prior quarter and 22% for the first quarter of last year. The increase in the effective tax rate from the prior quarter was primarily due to the favorable impact of certain discrete tax items during the fourth quarter. The effective tax rate increase compared to the first quarter of last year was due to higher pre-tax earnings in the current quarter.

Balance Sheet

At March 31, 2013, the Company had total assets of $172 billion and shareholders’ equity of $21 billion, representing 12% of total assets. Book value and tangible book value per common share increased compared to December 31, 2012, and were $37.89 and $26.33, respectively.

Loans

For the current quarter, average performing loans were $119.4 billion, a decrease of $0.6 billion, or 1%, from the prior quarter driven by declines in government guaranteed student and residential real estate loans, partially offset by increases in C&I and indirect auto loans. Average loans decreased $1.7 billion, or 1%, compared to the first quarter of last year. The decline was due to government guaranteed student and mortgage loans, which decreased $1.9 billion and $2.4 billion, respectively, due to sales during 2012. Home equity loans also decreased $0.9 billion due to continued loan payoffs. Partially offsetting these decreases was an increase in C&I loans, which increased $4.2 billion, or 9%.

Securities Available for Sale

For the current quarter, the securities available for sale portfolio averaged $23.3 billion, an increase of $1.7 billion from the prior quarter and a decrease of $4.3 billion from the first quarter of last year. The increase compared to the prior quarter was primarily the result of increased holdings of U.S. Treasury and government agency securities, as we opportunistically reinvested the proceeds from fourth quarter loan sales. The investment portfolio declined from the first quarter of last year due to the aforementioned transaction regarding The Coca-Cola Company stock, as well as reduced holdings of government agency mortgage-backed securities.

Deposits

Average consumer and commercial deposits for the current quarter were $127.7 billion compared to $127.9 billion for the prior quarter and $125.8 billion for the first quarter of last year. The slight decrease during the current quarter was driven by a seasonal decline of $1.3 billion, or 3%, in demand deposits and a decrease of $0.6 billion, or 4%, in time deposits. These decreases were predominantly offset by increases of $0.8 billion, or 3%, in interest bearing transaction accounts, $0.5 billion, or 1%, in money market accounts, and $0.3 billion, or 6%, in savings accounts. The $1.8 billion, or 1%, increase compared to the first quarter of last year was driven by the favorable shift during 2012 toward lower-cost accounts as average demand deposits increased $2.7 billion, or 8%, interest bearing transaction accounts increased $1.1 billion, or 4%, money market accounts increased $0.5 billion, or 1%, and savings accounts increased $0.7 billion, or 14%. The growth in these categories was partially offset by a decrease of $3.2 billion, or 18%, in higher-cost time deposits.

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Capital and Liquidity

The Company’s estimated capital ratios are well above current regulatory requirements with Tier 1 capital and Tier 1 common ratios increasing to an estimated 11.20% and 10.10%, respectively, at March 31, 2013. The ratios of total average equity to total average assets and tangible equity to tangible assets were 12.29% and 9.00%, respectively, at March 31, 2013, each increasing from the prior quarter and first quarter of last year. The Company continues to have substantial available liquidity provided in the form of its client deposit base and other available funding resources, as well as its portfolio of high-quality government-backed securities and cash.

During the first quarter, the Company announced capital plans in conjunction with the 2013 CCAR process and the completion of the Federal Reserve's review of the Company's capital plan. The Company plans to repurchase up to $200 million of its common stock between the second quarter of 2013 and the first quarter of 2014. Additionally, it plans to increase its quarterly common stock dividend to $0.10 per common share from the current $0.05 per common share, and maintain dividend payments on the Company's preferred stock. The Company's Board of Directors is expected to consider the common stock dividend increase and preferred stock dividend payments at its upcoming Board meeting. The Board of Directors had previously authorized the share repurchase, subject to the non-objection of the Company's capital plan by the Federal Reserve.

Asset Quality

Asset quality continued to improve during the quarter, including further decreases in nonperforming loans and nonperforming assets. Nonperforming loans totaled $1.5 billion at March 31, 2013, down $80 million, or 5%, relative to year end, led by decreases in residential loans. Compared to a year ago, nonperforming loans decreased $1.2 billion, or 45%, with reductions across all loan categories, most significantly nonguaranteed residential mortgages, commercial real estate, and commercial construction. At March 31, 2013, the percentage of nonperforming loans to total loans was 1.21%, down from 1.27% and 2.16% at the end of the fourth and first quarters of last year, respectively. Other real estate owned totaled $223 million at the end of the current quarter, down 16% since year end and down 46% since a year ago.

Net charge-offs were $226 million during the current quarter compared to $398 million for the prior quarter and $422 million for the first quarter of last year. The prior quarter net charge-offs included $79 million related to discharged Chapter 7 bankruptcy loans and $39 million associated with nonperforming loan sales. The decrease in net charge-offs from the prior year was driven primarily by residential and commercial loans.

The ratio of annualized net charge-offs to total average loans was 0.76% for the current quarter, 1.30% for the prior quarter, and 1.38% for the first quarter of last year. Net charge-offs resulting from the sale of nonperforming loans and Chapter 7 bankruptcy loans added 38 basis points to the prior quarter ratio. The ratio of annualized net charge-offs to total loans ended the current quarter at its lowest level since the first quarter of 2008. The provision for credit losses was $212 million, which decreased $116 million and $105 million from the prior quarter and the first quarter of last year, respectively.

At March 31, 2013, the allowance for loan losses was $2.2 billion and represented 1.79% of total loans, down one basis point from December 31, 2012. Excluding government guaranteed loans, the allowance for loan losses was 1.93% of total loans. The $22 million decrease in the allowance for loan losses during the current quarter was primarily the result of the decrease in total loans and is also reflective of continued improvement in asset quality.

Early stage delinquencies decreased 15 basis points from the end of the prior year to 0.78% at March 31, 2013. The decrease was primarily due to residential and consumer loans. Excluding government-guaranteed loans, early stage delinquencies were 0.41%, a decrease of seven basis points from December 31, 2012.

Accruing restructured loans totaled $2.5 billion, and nonaccruing restructured loans totaled $0.7 billion at March 31, 2013. $2.9 billion of restructured loans related to residential loans, $0.2 billion were commercial loans, and $0.1 billion related to consumer loans.

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BUSINESS SEGMENT FINANCIAL PERFORMANCE

Business Segment Results

The Company has included business segment financial tables as part of this release on the Investor Relations portion of its website at www.suntrust.com/investorrelations. The Company’s business segments include: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking. All revenue in the business segment tables is reported on a fully taxable-equivalent basis. For the business segments, results include net interest income, which is computed using matched-maturity funds transfer pricing. Further, provision for loan losses is represented by net charge-offs. SunTrust also reports results for Corporate Other, which includes the Treasury department as well as the residual expense associated with operational and support expense allocations. The Corporate Other segment also includes differences created between internal management accounting practices and generally accepted accounting principles ("GAAP"), certain matched-maturity funds transfer pricing credits and charges, differences in provision for loan losses compared to net charge-offs, as well as equity and its related impact. A detailed discussion of the business segment results will be included in the Company’s forthcoming Form 10-Q.

Corresponding Financial Tables and Information

Investors are encouraged to review the foregoing summary and discussion of SunTrust’s earnings and financial condition in conjunction with the detailed financial tables and information which SunTrust has also published today and SunTrust’s forthcoming Form 10-Q. Detailed financial tables and other information are also available on the Investor Relations portion of the Company’s website at www.suntrust.com/investorrelations. This information is also included in a current report on Form 8-K furnished with the Securities and Exchange Commission today.

Conference Call

SunTrust management will host a conference call on April 19, 2013, at 8:00 a.m. (Eastern Time) to discuss the earnings results and business trends. Individuals may call in beginning at 7:45 a.m. (Eastern Time) by dialing 1-888-972-7805 (Passcode: 1Q13). Individuals calling from outside the United States should dial 1-517-308-9091 (Passcode: 1Q13). A replay of the call will be available approximately one hour after the call ends on April 19, 2013, and will remain available until May 19, 2013, by dialing 1-866-454-2124 (domestic) or 1-203-369-1243 (international). Alternatively, individuals may listen to the live webcast of the presentation by visiting the SunTrust investor relations website at www.suntrust.com/investorrelations. Beginning the afternoon of April 19, 2013, listeners may access an archived version of the webcast in the “Recent Earnings and Conference Presentations” subsection found on the investor relations webpage. This webcast will be archived and available for one year. A link to the Investor Relations page is also found in the footer of the SunTrust home page.

SunTrust Banks, Inc., headquartered in Atlanta, is one of the nation’s largest banking organizations, serving a broad range of consumer, commercial, corporate and institutional clients. The Company operates an extensive branch and ATM network throughout the Southeast and Mid-Atlantic States and a full array of technology-based, 24-hour delivery channels. The Company also serves clients in selected markets nationally. Its primary businesses include deposit, credit, and trust and investment management services. Through various subsidiaries, the Company provides mortgage banking, insurance, brokerage, equipment leasing, and capital markets services. SunTrust’s Internet address is www.suntrust.com.

Important Cautionary Statement About Forward-Looking Statements

This news release includes non-GAAP financial measures to describe SunTrust’s performance. The reconciliations of those measures to GAAP measures are provided within or in the appendix to this news release. In this news release, the Company presents net interest income and net interest margin on a fully taxable-equivalent (“FTE”) basis, and ratios on an annualized basis. The FTE basis adjusts for the tax-favored status of income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and provides relevant comparison between taxable and non-taxable amounts.

This news release contains forward-looking statements. Statements regarding potential share repurchases and future 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,”

7

“estimates,” “intends,” “plans,” “goals,” “targets,” “initiatives,” “potentially,” “probably,” “projects,” “outlook” or similar expressions or future conditional verbs such as “may,” “will,” “should,” “would,” and “could.” Forward-looking statements are based upon the current beliefs and expectations of management and on information currently available to management. Our statements speak as of the date hereof, and we do not assume any obligation to update these statements or to update the reasons why actual results could differ from those contained in such statements in light of new information or future events.

Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward-looking statements. Future dividends, and the amount of any such dividend, must be declared by our board of directors in the future in their discretion. Also, future share repurchases and the timing of any such repurchase are subject to market conditions and management's discretion. Additional factors that could cause actual results to differ materially from those described in the forward-looking statements can be found in Part I, “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2012 and in other periodic reports that we file with the SEC.

8

SunTrust Banks, Inc. and Subsidiaries

FINANCIAL HIGHLIGHTS

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

	Three Months Ended March 31						%
	2013			2012			Change
EARNINGS & DIVIDENDS
Net income		$352			$250		41	%
Net income available to common shareholders	340			245			39
Total revenue - FTE 1, 2	2,114			2,218			(5	)
Total revenue - FTE excluding securities gains, net 1, 2	2,112			2,200			(4	)
Net income per average common share
Diluted	0.63			0.46			37
Basic	0.64			0.46			39
Dividends paid per common share	0.05			0.05			—
CONDENSED BALANCE SHEETS
Selected Average Balances
Total assets		$171,808			$176,855		(3	)%
Earning assets	152,471			154,623			(1	)
Loans	120,882			122,542			(1	)
Consumer and commercial deposits	127,655			125,843			1
Brokered time and foreign deposits	2,170			2,274			(5	)
Total shareholders’ equity	21,117			20,256			4
As of
Total assets	172,435			178,226			(3	)
Earning assets	152,783			154,950			(1	)
Loans	120,804			122,691			(2	)
Allowance for loan and lease losses	2,152			2,348			(8	)
Consumer and commercial deposits	127,735			127,718			—
Brokered time and foreign deposits	2,180			2,314			(6	)
Total shareholders’ equity	21,194			20,241			5
FINANCIAL RATIOS & OTHER DATA
Return on average total assets	0.83		%	0.57		%	46	%
Return on average common shareholders’ equity	6.77			4.94			37
Net interest margin 2	3.33			3.49			(5	)
Efficiency ratio 2	64.46			69.50			(7	)
Tangible efficiency ratio 1, 2	64.17			69.02			(7	)
Effective tax rate	30.04			21.55			39
Tier 1 common equity 3	10.10			9.33			8
Tier 1 capital 3	11.20			11.00			2
Total capital 3	13.45			13.73			(2	)
Tier 1 leverage 3	9.25			8.77			5
Total average shareholders’ equity to total average assets	12.29			11.45			7
Tangible equity to tangible assets 1	9.00			8.14			11
Book value per common share		$37.89			$37.11		2
Tangible book value per common share 1	26.33			25.49			3
Market price:
High	29.98			24.93			20
Low	26.93			18.07			49
Close	28.81			24.17			19
Market capitalization	15,563			13,005			20
Average common shares outstanding (000s)
Diluted	539,862			536,407			1
Basic	535,680			533,100			—
Full-time equivalent employees	26,238			28,615			(8	)
Number of ATMs	2,882			2,914			(1	)
Full service banking offices	1,574			1,651			(5	)

¹  See Appendix A for reconcilements of non-GAAP performance measures.

²  Total revenue, net interest margin, and efficiency ratios are presented on a fully taxable-equivalent (“FTE”) basis. The FTE basis adjusts for the tax-favored status of net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources. Total revenue - FTE equals net interest income on a FTE basis plus noninterest income.

³  Current period tier 1 common equity, tier 1 capital, total capital, and tier 1 leverage ratios are estimated as of the earnings release date.

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SunTrust Banks, Inc. and Subsidiaries

FIVE QUARTER FINANCIAL HIGHLIGHTS

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

	Three Months Ended
	March 31			December 31			September 30			June 30			March 31
	2013			2012			2012			2012			2012
EARNINGS & DIVIDENDS
Net income		$352			$356			$1,077			$275			$250
Net income available to common shareholders	340			350			1,066			270			245
Total revenue - FTE 1, 2	2,114			2,291			3,843			2,246			2,218
Total revenue - FTE excluding securities gains, net 1, 2	2,112			2,290			1,902			2,232			2,200
Net income per average common share
Diluted	0.63			0.65			1.98			0.50			0.46
Basic	0.64			0.66			1.99			0.51			0.46
Dividends paid per common share	0.05			0.05			0.05			0.05			0.05
CONDENSED BALANCE SHEETS
Selected Average Balances
Total assets		$171,808			$174,510			$175,282			$177,915			$176,855
Earning assets	152,471			151,225			153,207			154,890			154,623
Loans	120,882			121,587			124,080			123,365			122,542
Consumer and commercial deposits	127,655			127,907			125,353			125,885			125,843
Brokered time and foreign deposits	2,170			2,266			2,237			2,243			2,274
Total shareholders’ equity	21,117			20,630			20,619			20,472			20,256
As of
Total assets	172,435			173,442			173,181			178,257			178,226
Earning assets	152,783			151,223			152,472			153,939			154,950
Loans	120,804			121,470			121,817			124,560			122,691
Allowance for loan and lease losses	2,152			2,174			2,239			2,300			2,348
Consumer and commercial deposits	127,735			130,180			124,898			126,145			127,718
Brokered time and foreign deposits	2,180			2,136			2,328			2,258			2,314
Total shareholders’ equity	21,194			20,985			20,399			20,568			20,241
FINANCIAL RATIOS & OTHER DATA
Return on average total assets	0.83		%	0.81		%	2.45		%	0.62		%	0.57		%
Return on average common shareholders’ equity	6.77			6.86			20.84			5.37			4.94
Net interest margin 2	3.33			3.36			3.38			3.39			3.49
Efficiency ratio 2	64.46			65.93			44.90			68.83			69.50
Tangible efficiency ratio 1, 2	64.17			65.63			44.47			68.33			69.02
Effective tax rate	30.04			14.86			33.82			24.85			21.55
Tier 1 common equity 3	10.10			10.04			9.82			9.40			9.33
Tier 1 capital 3	11.20			11.13			10.57			10.15			11.00
Total capital 3	13.45			13.48			12.95			12.84			13.73
Tier 1 leverage 3	9.25			8.91			8.49			8.15			8.77
Total average shareholders’ equity to total average assets	12.29			11.82			11.76			11.51			11.45
Tangible equity to tangible assets 1	9.00			8.82			8.48			8.31			8.14
Book value per common share		$37.89			$37.59			$37.35			$37.69			$37.11
Tangible book value per common share 1	26.33			25.98			25.72			26.02			25.49
Market price:
High	29.98			30.64			30.79			24.83			24.93
Low	26.93			25.30			22.34			20.96			18.07
Close	28.81			28.35			28.27			24.23			24.17
Market capitalization	15,563			15,279			15,232			13,045			13,005
Average common shares outstanding (000s)
Diluted	539,862			539,618			538,699			537,495			536,407
Basic	535,680			535,012			534,506			533,964			533,100
Full-time equivalent employees	26,238			26,778			28,000			28,324			28,615
Number of ATMs	2,882			2,923			2,914			2,906			2,914
Full service banking offices	1,574			1,616			1,633			1,641			1,651

¹  See Appendix A for reconcilements of non-GAAP performance measures.

²  Total revenue, net interest margin, and efficiency ratios are presented on a fully taxable-equivalent (“FTE”) basis. The FTE basis adjusts for the tax-favored status of net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources. Total revenue - FTE equals net interest income on a FTE basis plus noninterest income.

³  Current period tier 1 common equity, tier 1 capital, total capital, and tier 1 leverage ratios are estimated as of the earnings release date.

10

SunTrust Banks, Inc. and Subsidiaries

CONSOLIDATED STATEMENTS OF INCOME

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

	Three Months Ended				Increase/(Decrease) 3
	March 31
	2013		2012		Amount			%
Interest income		$1,359		$1,534		($175	)	(11	)%
Interest expense	138		223		(85		)	(38	)
NET INTEREST INCOME	1,221		1,311		(90		)	(7	)
Provision for credit losses	212		317		(105		)	(33	)
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	1,009		994		15			2
NONINTEREST INCOME
Service charges on deposit accounts	160		164		(4		)	(2	)
Trust and investment management income	124		130		(6		)	(5	)
Retail investment services	61		59		2			3
Other charges and fees	89		97		(8		)	(8	)
Investment banking income	68		71		(3		)	(4	)
Trading income	42		57		(15		)	(26	)
Card fees 1	76		79		(3		)	(4	)
Mortgage production related income	159		63		96			NM
Mortgage servicing related income	38		81		(43		)	(53	)
Other noninterest income	44		57		(13		)	(23	)
Net securities gains	2		18		(16		)	(89	)
Total noninterest income	863		876		(13		)	(1	)
NONINTEREST EXPENSE
Employee compensation and benefits	759		797		(38		)	(5	)
Net occupancy expense	89		88		1			1
Outside processing and software	178		176		2			1
Equipment expense	45		45		—			—
Marketing and customer development	30		27		3			11
Amortization/impairment of intangible assets/goodwill	6		11		(5		)	(45	)
Operating losses	39		60		(21		)	(35	)
FDIC premium/regulatory exams	54		52		2			4
Other noninterest expense	163		285		(122		)	(43	)
Total noninterest expense	1,363		1,541		(178		)	(12	)
INCOME BEFORE PROVISION FOR INCOME TAXES	509		329		180			55
Provision for income taxes	151		69		82			NM
INCOME INCLUDING INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	358		260		98			38
Net income attributable to noncontrolling interest	6		10		(4		)	(40	)
NET INCOME		$352		$250		$102		41	%
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS		$340		$245		$95		39	%
Net interest income - FTE 2	1,251		1,342		(91		)	(7	)
Net income per average common share
Diluted	0.63		0.46		0.17			37
Basic	0.64		0.46		0.18			39
Cash dividends paid per common share	0.05		0.05		—			—
Average common shares outstanding (000s)
Diluted	539,862		536,407		3,455			1
Basic	535,680		533,100		2,580			—

¹ PIN interchange fees are presented in card fees along with other interchange fee income for the three months ended March 31, 2013. Previously, these PIN interchange fees were presented in other charges and fees and therefore, for comparative purposes, $18 million of PIN interchange fees has been reclassified to card fees for the three months ended March 31, 2012.

² Net interest income includes the effects of FTE adjustments using a federal tax rate of 35% and state income taxes where applicable to increase tax-exempt interest income to a taxable-equivalent basis. See Appendix A for a reconcilement of this non-GAAP measure to the related GAAP measure.

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

11

SunTrust Banks, Inc. and Subsidiaries

FIVE QUARTER CONSOLIDATED STATEMENTS OF INCOME

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

	Three Months Ended									Three Months Ended
	March 31		December 31		Increase/(Decrease) 3					September 30			June 30		March 31
	2013		2012		Amount			%		2012			2012		2012
Interest income		$1,359		$1,396		($37	)	(3	)%		$1,445			$1,492		$1,534
Interest expense	138		150		(12		)	(8	)	174			218		223
NET INTEREST INCOME	1,221		1,246		(25		)	(2	)	1,271			1,274		1,311
Provision for credit losses	212		328		(116		)	(35	)	450			300		317
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	1,009		918		91			10		821			974		994
NONINTEREST INCOME
Service charges on deposit accounts	160		173		(13		)	(8	)	172			167		164
Trust and investment management income	124		125		(1		)	(1	)	127			130		130
Retail investment services	61		60		1			2		60			62		59
Other charges and fees	89		97		(8		)	(8	)	97			111		97
Investment banking income	68		112		(44		)	(39	)	83			75		71
Trading income	42		65		(23		)	(35	)	19			70		57
Card fees 1	76		78		(2		)	(3	)	74			85		79
Mortgage production related income/(loss)	159		241		(82		)	(34	)	(64		)	103		63
Mortgage servicing related income	38		45		(7		)	(16	)	64			70		81
Other noninterest income/(loss)	44		18		26			NM		(31		)	53		57
Net securities gains	2		1		1			100		1,941			14		18
Total noninterest income	863		1,015		(152		)	(15	)	2,542			940		876
NONINTEREST EXPENSE
Employee compensation and benefits	759		738		21			3		780			762		797
Net occupancy expense	89		91		(2		)	(2	)	92			88		88
Outside processing and software	178		183		(5		)	(3	)	171			180		176
Equipment expense	45		48		(3		)	(6	)	49			46		45
Marketing and customer development	30		50		(20		)	(40	)	75			32		27
Amortization/impairment of intangible assets/goodwill	6		7		(1		)	(14	)	17			11		11
Net loss on extinguishment of debt	—		1		(1		)	(100	)	2			13		—
Operating losses	39		77		(38		)	(49	)	71			69		60
FDIC premium/regulatory exams	54		54		—			—		67			60		52
Other noninterest expense	163		261		(98		)	(38	)	402			285		285
Total noninterest expense	1,363		1,510		(147		)	(10	)	1,726			1,546		1,541
INCOME BEFORE PROVISION FOR INCOME TAXES	509		423		86			20		1,637			368		329
Provision for income taxes	151		62		89			NM		551			91		69
INCOME INCLUDING INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	358		361		(3		)	(1	)	1,086			277		260
Net income attributable to noncontrolling interest	6		5		1			20		9			2		10
NET INCOME		$352		$356		($4	)	(1	)%		$1,077			$275		$250
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS		$340		$350		($10	)	(3	)%		$1,066			$270		$245
Net interest income - FTE 2	1,251		1,276		(25		)	(2	)	1,301			1,306		1,342
Net income per average common share
Diluted	0.63		0.65		(0.02		)	(3	)	1.98			0.50		0.46
Basic	0.64		0.66		(0.02		)	(3	)	1.99			0.51		0.46
Cash dividends paid per common share	0.05		0.05		—			—		0.05			0.05		0.05
Average common shares outstanding (000s)
Diluted	539,862		539,618		244			—		538,699			537,495		536,407
Basic	535,680		535,012		668			—		534,506			533,964		533,100

¹ PIN interchange fees are presented along with other interchange fee income in card fees for the three months ended March 31, 2013. Previously, these PIN interchange fees were presented in other charges and fees and therefore, for comparative purposes, $20 million, $19 million, $19 million, and $18 million of PIN interchange fees has been reclassified to card fees for the three months ended December 31, September 30, June 30, and March 31, 2012, respectively.

² Net interest income includes the effects of FTE adjustments using a federal tax rate of 35% and state income taxes where applicable to increase tax-exempt interest income to a taxable-equivalent basis. See Appendix A for a reconcilement of this non-GAAP measure to the related GAAP measure.

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

12

SunTrust Banks, Inc. and Subsidiaries

CONSOLIDATED BALANCE SHEETS

(Dollars in millions and shares in thousands) (Unaudited)

	March 31						Increase/(Decrease)2
	2013			2012			Amount			%
ASSETS
Cash and due from banks		$4,787			$5,019			($232	)	(5	)%
Federal funds sold and securities borrowed or purchased under agreements to resell	1,154			941			213			23
Interest-bearing deposits in other banks	21			21			—			—
Trading assets	6,250			6,316			(66		)	(1	)
Securities available for sale	23,823			27,323			(3,500		)	(13	)
Loans held for sale	3,193			2,749			444			16
Loans held for investment:
Commercial and industrial	54,343			50,189			4,154			8
Commercial real estate	4,261			4,910			(649		)	(13	)
Commercial construction	634			1,086			(452		)	(42	)
Residential mortgages - guaranteed	3,930			6,447			(2,517		)	(39	)
Residential mortgages - nonguaranteed	23,051			23,653			(602		)	(3	)
Residential home equity products	14,617			15,472			(855		)	(6	)
Residential construction	683			924			(241		)	(26	)
Consumer student loans - guaranteed	5,275			7,186			(1,911		)	(27	)
Consumer other direct	2,387			2,152			235			11
Consumer indirect	11,009			10,145			864			9
Consumer credit cards	614			527			87			17
Total loans held for investment	120,804			122,691			(1,887		)	(2	)
Allowance for loan and lease losses	(2,152		)	(2,348		)	(196		)	(8	)
Net loans held for investment	118,652			120,343			(1,691		)	(1	)
Goodwill	6,369			6,344			25			—
Other intangible assets	1,076			1,155			(79		)	(7	)
Other real estate owned	224			411			(187		)	(45	)
Other assets	6,886			7,604			(718		)	(9	)
Total assets1		$172,435			$178,226			($5,791	)	(3	)%
LIABILITIES
Deposits:
Noninterest-bearing consumer and commercial deposits		$38,593			$36,771			$1,822		5	%
Interest-bearing consumer and commercial deposits:
NOW accounts	26,736			25,502			1,234			5
Money market accounts	42,231			42,683			(452		)	(1	)
Savings	5,769			5,134			635			12
Consumer time	9,281			11,306			(2,025		)	(18	)
Other time	5,125			6,322			(1,197		)	(19	)
Total consumer and commercial deposits	127,735			127,718			17			—
Brokered time deposits	2,080			2,284			(204		)	(9	)
Foreign deposits	100			30			70			NM
Total deposits	129,915			130,032			(117		)	—
Funds purchased	605			908			(303		)	(33	)
Securities sold under agreements to repurchase	1,854			1,781			73			4
Other short-term borrowings	4,169			6,878			(2,709		)	(39	)
Long-term debt	9,331			11,894			(2,563		)	(22	)
Trading liabilities	1,348			1,554			(206		)	(13	)
Other liabilities	4,019			4,938			(919		)	(19	)
Total liabilities	151,241			157,985			(6,744		)	(4	)
SHAREHOLDERS' EQUITY
Preferred stock, no par value	725			275			450			NM
Common stock, $1.00 par value	550			550			—			—
Additional paid in capital	9,132			9,243			(111		)	(1	)
Retained earnings	11,133			9,198			1,935			21
Treasury stock, at cost, and other	(531		)	(699		)	(168		)	(24	)
Accumulated other comprehensive income	185			1,674			(1,489		)	(89	)
Total shareholders' equity	21,194			20,241			953			5
Total liabilities and shareholders' equity		$172,435			$178,226			($5,791	)	(3	)%
Common shares outstanding	540,187			538,056			2,131			—	%
Common shares authorized	750,000			750,000			—			—
Preferred shares outstanding	7			3			4			NM
Preferred shares authorized	50,000			50,000			—			—
Treasury shares of common stock	9,734			11,865			(2,131		)	(18	)

¹ Includes earning assets of $152,783 and $154,950 at March 31, 2013 and 2012, respectively.

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

13

SunTrust Banks, Inc. and Subsidiaries

FIVE QUARTER CONSOLIDATED BALANCE SHEETS

(Dollars in millions and shares in thousands) (Unaudited)

	March 31			December 31			Increase/(Decrease)2					September 30			June 30			March 31
	2013			2012			Amount			%		2012			2012			2012
ASSETS
Cash and due from banks		$4,787			$7,134			($2,347	)	(33	)%		$4,655			$5,781			$5,019
Federal funds sold and securities borrowed or purchased under agreements to resell	1,154			1,101			53			5		930			937			941
Interest-bearing deposits in other banks	21			22			(1		)	(5	)	22			21			21
Trading assets	6,250			6,049			201			3		6,381			6,327			6,316
Securities available for sale	23,823			21,953			1,870			9		21,467			24,409			27,323
Loans held for sale	3,193			3,399			(206		)	(6	)	5,205			3,123			2,749
Loans held for investment:
Commercial and industrial	54,343			54,048			295			1		52,407			52,030			50,189
Commercial real estate	4,261			4,127			134			3		4,491			4,825			4,910
Commercial construction	634			713			(79		)	(11	)	808			959			1,086
Residential mortgages - guaranteed	3,930			4,252			(322		)	(8	)	4,823			5,663			6,447
Residential mortgages - nonguaranteed	23,051			23,389			(338		)	(1	)	23,925			24,405			23,653
Residential home equity products	14,617			14,805			(188		)	(1	)	15,019			15,281			15,472
Residential construction	683			753			(70		)	(9	)	805			853			924
Consumer student loans - guaranteed	5,275			5,357			(82		)	(2	)	5,823			7,248			7,186
Consumer other direct	2,387			2,396			(9		)	—		2,341			2,225			2,152
Consumer indirect	11,009			10,998			11			—		10,781			10,506			10,145
Consumer credit cards	614			632			(18		)	(3	)	594			565			527
Total loans held for investment	120,804			121,470			(666		)	(1	)	121,817			124,560			122,691
Allowance for loan and lease losses	(2,152		)	(2,174		)	(22		)	(1	)	(2,239		)	(2,300		)	(2,348		)
Net loans held for investment	118,652			119,296			(644		)	(1	)	119,578			122,260			120,343
Goodwill	6,369			6,369			—			—		6,369			6,376			6,344
Other intangible assets	1,076			956			120			13		896			939			1,155
Other real estate owned	224			264			(40		)	(15	)	304			331			411
Other assets	6,886			6,899			(13		)	—		7,374			7,753			7,604
Total assets1		$172,435			$173,442			($1,007	)	(1	)%		$173,181			$178,257			$178,226
LIABILITIES
Deposits:
Noninterest-bearing consumer and commercial deposits		$38,593			$39,481			($888	)	(2	)%		$37,592			$37,394			$36,771
Interest-bearing consumer and commercial deposits:
NOW accounts	26,736			27,617			(881		)	(3	)	25,147			25,229			25,502
Money market accounts	42,231			42,846			(615		)	(1	)	41,395			41,740			42,683
Savings	5,769			5,314			455			9		5,189			5,191			5,134
Consumer time	9,281			9,569			(288		)	(3	)	9,941			10,581			11,306
Other time	5,125			5,353			(228		)	(4	)	5,634			6,010			6,322
Total consumer and commercial deposits	127,735			130,180			(2,445		)	(2	)	124,898			126,145			127,718
Brokered time deposits	2,080			2,136			(56		)	(3	)	2,198			2,208			2,284
Foreign deposits	100			—			100			NM		130			50			30
Total deposits	129,915			132,316			(2,401		)	(2	)	127,226			128,403			130,032
Funds purchased	605			617			(12		)	(2	)	680			847			908
Securities sold under agreements to repurchase	1,854			1,574			280			18		1,630			1,583			1,781
Other short-term borrowings	4,169			3,303			866			26		6,511			7,098			6,878
Long-term debt	9,331			9,357			(26		)	—		10,765			13,076			11,894
Trading liabilities	1,348			1,161			187			16		1,458			1,782			1,554
Other liabilities	4,019			4,129			(110		)	(3	)	4,512			4,900			4,938
Total liabilities	151,241			152,457			(1,216		)	(1	)	152,782			157,689			157,985
SHAREHOLDERS’ EQUITY
Preferred stock, no par value	725			725			—			—		275			275			275
Common stock, $1.00 par value	550			550			—			—		550			550			550
Additional paid in capital	9,132			9,174			(42		)	—		9,195			9,218			9,243
Retained earnings	11,133			10,817			316			3		10,491			9,443			9,198
Treasury stock, at cost, and other	(531		)	(590		)	(59		)	(10	)	(616		)	(661		)	(699		)
Accumulated other comprehensive income	185			309			(124		)	(40	)	504			1,743			1,674
Total shareholders’ equity	21,194			20,985			209			1		20,399			20,568			20,241
Total liabilities and shareholders’ equity		$172,435			$173,442			($1,007	)	(1	)%		$173,181			$178,257			$178,226
Common shares outstanding	540,187			538,959			1,228			—	%	538,821			538,398			538,056
Common shares authorized	750,000			750,000			—			—		750,000			750,000			750,000
Preferred shares outstanding	7			7			—			—		3			3			3
Preferred shares authorized	50,000			50,000			—			—		50,000			50,000			50,000
Treasury shares of common stock	9,734			10,962			(1,228		)	(11	)	11,100			11,522			11,865

¹ Includes earning assets of $152,783, $151,223, $152,472, $153,939, and $154,950 at March 31, 2013, December 31, 2012, September 30, 2012, June 30, 2012, and March 31, 2012, respectively.

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

14

SunTrust Banks, Inc. and Subsidiaries CONSOLIDATED DAILY AVERAGE BALANCES, AVERAGE YIELDS EARNED AND RATES PAID (Dollars in millions; yields on taxable-equivalent basis) (Unaudited)
	Three Months Ended														Increase/(Decrease) From
	March 31, 2013							December 31, 2012							Sequential Quarter					Prior Year Quarter
	Average Balances			Interest Income/ Expense		Yields/ Rates		Average Balances			Interest Income/ Expense		Yields/ Rates		Average Balances			Yields/ Rates		Average Balances			Yields/ Rates
ASSETS
Loans:
Commercial and industrial - FTE 1		$53,763			$556	4.20	%		$52,628			$575	4.34	%		$1,135		(0.14	)	$4,221			(0.66	)
Commercial real estate	4,092			35		3.50		4,228			39		3.66		(136		)	(0.16	)	(645		)	(0.22	)
Commercial construction	663			6		3.75		701			6		3.63		(38		)	0.12		(258		)	(0.14	)
Residential mortgages - guaranteed	4,079			27		2.62		4,606			29		2.49		(527		)	0.13		(2,399		)	(0.63	)
Residential mortgages - nonguaranteed	22,386			238		4.25		22,917			248		4.32		(531		)	(0.07	)	440			(0.46	)
Home equity products	14,363			129		3.64		14,639			135		3.66		(276		)	(0.02	)	(920		)	(0.06	)
Residential construction	615			7		4.61		659			8		5.01		(44		)	(0.40	)	(123		)	(0.52	)
Guaranteed student loans	5,397			52		3.92		5,773			55		3.78		(376		)	0.14		(1,911		)	(0.01	)
Other direct	2,398			26		4.43		2,348			25		4.22		50			0.21		298			(0.02	)
Indirect	10,996			96		3.53		10,883			101		3.70		113			(0.17	)	884			(0.46	)
Credit cards	617			15		9.52		605			14		9.50		12			0.02		72			(1.07	)
Nonaccrual	1,513			11		2.91		1,600			9		2.26		(87		)	0.65		(1,319		)	1.86
Total loans	120,882			1,198		4.02		121,587			1,244		4.07		(705		)	(0.05	)	(1,660		)	(0.34	)
Securities available for sale:
Taxable	22,209			140		2.53		20,290			134		2.64		1,919			(0.11	)	(2,041		)	(0.61	)
Tax-exempt - FTE 1	294			4		5.22		328			4		5.27		(34		)	(0.05	)	(126		)	(0.19	)
Total securities available for sale	22,503			144		2.57		20,618			138		2.68		1,885			(0.11	)	(2,167		)	(0.60	)
Federal funds sold and securities borrowed or purchased under agreements to resell	1,092			—		0.04		980			—		0.08		112			(0.04	)	361			0.01
Loans held for sale	3,752			31		3.29		3,769			28		2.94		(17		)	0.35		1,103			(0.41	)
Interest-bearing deposits	21			—		0.13		23			—		0.14		(2		)	(0.01	)	—			(0.08	)
Interest earning trading assets	4,221			16		1.53		4,248			16		1.55		(27		)	(0.02	)	211			0.04
Total earning assets	152,471			1,389		3.69		151,225			1,426		3.75		1,246			(0.06	)	(2,152		)	(0.38	)
Allowance for loan and lease losses	(2,178		)					(2,238		)					60					250
Cash and due from banks	4,462							8,048							(3,586		)			(101		)
Other assets	14,342							14,454							(112		)			(551		)
Noninterest earning trading assets	1,917							2,074							(157		)			(343		)
Unrealized gains on securities available for sale, net	794							947							(153		)			(2,150		)
Total assets		$171,808							$174,510							($2,702	)				($5,047	)
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing deposits:
NOW accounts	$26,383				$5	0.08	%		$25,590			$5	0.08	%		$793		—			$1,121		(0.02	)
Money market accounts	42,995			15		0.15		42,452			18		0.17		543			(0.02	)	506			(0.09	)
Savings	5,527			1		0.06		5,231			1		0.08		296			(0.02	)	667			(0.06	)
Consumer time	9,421			27		1.16		9,731			29		1.17		(310		)	(0.01	)	(2,051		)	(0.38	)
Other time	5,245			18		1.37		5,489			18		1.31		(244		)	0.06		(1,123		)	(0.32	)
Total interest-bearing consumer and commercial deposits	89,571			66		0.30		88,493			71		0.32		1,078			(0.02	)	(880		)	(0.16	)
Brokered time deposits	2,087			13		2.61		2,152			15		2.71		(65		)	(0.10	)	(178		)	(1.42	)
Foreign deposits	83			—		0.15		114			—		0.17		(31		)	(0.02	)	74			0.02
Total interest-bearing deposits	91,741			79		0.35		90,759			86		0.38		982			(0.03	)	(984		)	(0.20	)
Funds purchased	716			—		0.11		811			—		0.11		(95		)	—		(155		)	0.01
Securities sold under agreements to repurchase	1,705			1		0.19		1,668			1		0.21		37			(0.02	)	71			0.05
Interest-bearing trading liabilities	723			4		2.21		719			4		2.12		4			0.09		192			0.48
Other short-term borrowings	3,721			3		0.29		5,057			4		0.32		(1,336		)	(0.03	)	(5,449		)	0.09
Long-term debt	9,357			51		2.22		10,491			55		2.07		(1,134		)	0.15		(1,999		)	(0.91	)
Total interest-bearing liabilities	107,963			138		0.52		109,505			150		0.54		(1,542		)	(0.02	)	(8,324		)	(0.25	)
Noninterest-bearing deposits	38,084							39,414							(1,330		)			2,692
Other liabilities	4,048							4,322							(274		)			155
Noninterest-bearing trading liabilities	596							639							(43		)			(431		)
Shareholders’ equity	21,117							20,630							487					861
Total liabilities and shareholders’ equity		$171,808							$174,510							($2,702	)				($5,047	)
Interest Rate Spread						3.17	%						3.21	%				(0.04	)				(0.13	)
Net Interest Income - FTE 1					$1,251							$1,276
Net Interest Margin 2						3.33	%						3.36	%				(0.03	)				(0.16	)

¹ The fully taxable-equivalent(“FTE”) basis adjusts for the tax-favored status of net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources.

² The net interest margin is calculated by dividing annualized net interest income - FTE by average total earning assets.

15

SunTrust Banks, Inc. and Subsidiaries CONSOLIDATED DAILY AVERAGE BALANCES, AVERAGE YIELDS EARNED AND RATES PAID, continued (Dollars in millions; yields on taxable-equivalent basis) (Unaudited)
	Three Months Ended
	September 30, 2012							June 30, 2012							March 31, 2012
	Average Balances			Interest Income/ Expense		Yields/ Rates		Average Balances			Interest Income/ Expense		Yields/ Rates		Average Balances			Interest Income/ Expense		Yields/ Rates
ASSETS
Loans:
Commercial and industrial - FTE 1		$51,923			$578	4.43	%		$50,798			$578	4.58	%		$49,542			$599	4.86	%
Commercial real estate	4,525			41		3.56		4,582			42		3.65		4,737			44		3.72
Commercial construction	784			7		3.74		862			8		3.85		921			9		3.89
Residential mortgages - guaranteed	5,432			37		2.76		5,853			47		3.19		6,478			53		3.25
Residential mortgages -nonguaranteed	22,905			256		4.47		22,707			260		4.59		21,946			259		4.71
Home equity products	14,866			138		3.68		15,066			138		3.69		15,283			141		3.70
Residential construction	667			9		5.44		707			9		5.11		738			9		5.13
Guaranteed student loans	7,183			71		3.92		7,195			69		3.84		7,308			71		3.93
Other direct	2,266			25		4.35		2,186			24		4.37		2,100			23		4.45
Indirect	10,584			102		3.84		10,288			99		3.88		10,112			100		3.99
Credit cards	577			14		9.87		537			14		10.35		545			14		10.59
Nonaccrual	2,368			8		1.37		2,584			6		1.00		2,832			7		1.05
Total loans	124,080			1,286		4.12		123,365			1,294		4.22		122,542			1,329		4.36
Securities available for sale:
Taxable	20,424			140		2.74		22,569			176		3.13		24,250			190		3.14
Tax-exempt - FTE 1	350			5		5.29		375			5		5.32		420			6		5.41
Total securities available for sale	20,774			145		2.78		22,944			181		3.16		24,670			196		3.17
Federal funds sold and securities borrowed or purchased under agreements to resell	952			—		0.05		924			—		0.01		731			—		0.03
Loans held for sale	3,294			29		3.48		3,352			31		3.65		2,649			25		3.70
Interest-bearing deposits	21			—		0.26		22			—		0.26		21			—		0.21
Interest earning trading assets	4,086			15		1.49		4,283			18		1.67		4,010			15		1.49
Total earning assets	153,207			1,475		3.83		154,890			1,524		3.96		154,623			1,565		4.07
Allowance for loan and lease losses	(2,193		)					(2,323		)					(2,428		)
Cash and due from banks	4,579							4,721							4,563
Other assets	14,810							15,260							14,893
Noninterest earning trading assets	2,172							2,230							2,260
Unrealized gains on securities available for sale, net	2,707							3,137							2,944
Total assets		$175,282							$177,915							$176,855
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing deposits:
NOW accounts		$24,810			$6	0.09	%		$24,957			$6	0.10	%		$25,262			$6	0.10	%
Money market accounts	41,517			21		0.20		41,950			24		0.23		42,489			25		0.24
Savings	5,190			1		0.09		5,169			1		0.11		4,860			1		0.12
Consumer time	10,202			32		1.26		10,997			40		1.47		11,472			44		1.54
Other time	5,771			21		1.42		6,193			25		1.63		6,368			28		1.69
Total interest-bearing consumer and commercial deposits	87,490			81		0.37		89,266			96		0.43		90,451			104		0.46
Brokered time deposits	2,189			17		3.03		2,211			22		3.88		2,265			23		4.03
Foreign deposits	48			—		0.17		32			—		0.18		9			—		0.13
Total interest-bearing deposits	89,727			98		0.43		91,509			118		0.52		92,725			127		0.55
Funds purchased	701			—		0.11		810			—		0.11		871			—		0.10
Securities sold under agreements to repurchase	1,461			1		0.18		1,646			1		0.18		1,634			1		0.14
Interest-bearing trading liabilities	702			4		2.62		751			4		2.36		531			2		1.73
Other short-term borrowings	6,664			5		0.30		6,942			5		0.27		9,170			5		0.20
Long-term debt	11,734			66		2.23		13,657			90		2.65		11,356			88		3.13
Total interest-bearing liabilities	110,989			174		0.62		115,315			218		0.76		116,287			223		0.77
Noninterest-bearing deposits	37,863							36,619							35,392
Other liabilities	4,832							4,337							3,893
Noninterest-bearing trading liabilities	979							1,172							1,027
Shareholders’ equity	20,619							20,472							20,256
Total liabilities and shareholders’ equity		$175,282							$177,915							$176,855
Interest Rate Spread						3.21	%						3.20	%						3.30	%
Net Interest Income - FTE 1					$1,301							$1,306							$1,342
Net Interest Margin 2						3.38	%						3.39	%						3.49	%

¹  The fully taxable-equivalent (“FTE”) basis adjusts for the tax-favored status of net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources.

² The net interest margin is calculated by dividing annualized net interest income - FTE by average total earning assets.

16

SunTrust Banks, Inc. and Subsidiaries OTHER FINANCIAL DATA (Dollars in millions) (Unaudited)
	Three Months Ended March 31
							Increase/(Decrease)
	2013			2012			Amount			%4
CREDIT DATA
Allowance for credit losses - beginning		$2,219			$2,505			($286	)	(11	)%
Provision for unfunded commitments	8			4			4			100
Provision for loan losses:
Commercial	64			38			26			68
Residential	112			258			(146		)	(57	)
Consumer	28			17			11			65
Total provision for loan losses	204			313			(109		)	(35	)
Charge-offs:
Commercial	(60		)	(126		)	(66		)	(52	)
Residential	(178		)	(302		)	(124		)	(41	)
Consumer	(35		)	(35		)	—			—
Total charge-offs	(273		)	(463		)	(190		)	(41	)
Recoveries:
Commercial	15			25			(10		)	(40	)
Residential	22			5			17			NM
Consumer	10			11			(1		)	(9	)
Total recoveries	47			41			6			15
Net charge-offs	(226		)	(422		)	(196		)	(46	)
Allowance for credit losses - ending		$2,205			$2,400			($195	)	(8	)%
Components:
Allowance for loan and lease losses		$2,152			$2,348			($196	)	(8	)%
Unfunded commitments reserve	53			52			1			2
Allowance for credit losses		$2,205			$2,400			($195	)	(8	)%
Net charge-offs to average loans (annualized):
Commercial	0.32		%	0.72		%	(0.40		)%
Residential	1.48			2.57			(1.09		)
Consumer	0.52			0.48			0.04
Total net charge-offs to total average loans	0.76		%	1.38		%	(0.62		)%
Period Ended
Nonaccrual/nonperforming loans:
Commercial		$289			$815			($526	)	(65	)%
Residential	1,157			1,812			(655		)	(36	)
Consumer	21			22			(1		)	(5	)
Total nonaccrual/nonperforming loans	1,467			2,649			(1,182		)	(45	)
Other real estate owned (“OREO”)	223			411			(188		)	(46	)
Other repossessed assets	9			14			(5		)	(36	)
Nonperforming loans held for sale ("LHFS")	41			60			(19		)	(32	)
Total nonperforming assets		$1,740			$3,134			($1,394	)	(44	)%
Accruing restructured loans		$2,499			$2,750			($251	)	(9	)%
Nonaccruing restructured loans	655			714			(59		)	(8	)
Accruing loans past due > 90 days (guaranteed)	767			2,088			(1,321		)	(63	)
Accruing loans past due > 90 days (non-guaranteed)	56			64			(8		)	(13	)
Accruing LHFS past due > 90 days	2			3			(1		)	(33	)
Nonperforming loans to total loans	1.21		%	2.16		%	(0.95		)%	(44	)%
Nonperforming assets to total loans plus OREO, other repossessed assets, and nonperforming LHFS	1.44			2.54			(1.10		)	(43	)
Allowance to period-end loans1,2	1.79			1.92			(0.13		)	(7	)
Allowance to period-end loans, excluding government guaranteed loans 1,2,3	1.93			2.16			(0.23		)	(11	)
Allowance to nonperforming loans1,2	148			89			59			66
Allowance to annualized net charge-offs1	2.34x			1.38x			0.96x			70

¹ This ratio is computed using the allowance for loan and lease losses.

² Loans carried at fair value were excluded from the calculation.

³ See Appendix A for reconciliation of non-GAAP performance measures.

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

17

SunTrust Banks, Inc. and Subsidiaries FIVE QUARTER OTHER FINANCIAL DATA (Dollars in millions) (Unaudited)
	Three Months Ended
	March 31			December 31			Increase/(Decrease)					September 30			June 30			March 31
	2013			2012			Amount			%4		2012			2012			2012
CREDIT DATA
Allowance for credit losses - beginning		$2,219			$2,289			($70	)	(3	)%		$2,350			$2,400			$2,505
Provision/(benefit) for unfunded commitments	8			(5		)	13			NM		—			(2		)	4
Provision for loan losses:
Commercial	64			27			37			NM		127			49			38
Residential	112			274			(162		)	(59	)	300			230			258
Consumer	28			32			(4		)	(13	)	23			23			17
Total provision for loan losses	204			333			(129		)	(39	)	450			302			313
Charge-offs:
Commercial	(60		)	(111		)	(51		)	(46	)	(126		)	(94		)	(126		)
Residential	(178		)	(315		)	(137		)	(43	)	(425		)	(274		)	(302		)
Consumer	(35		)	(36		)	(1		)	(3	)	(34		)	(29		)	(35		)
Total charge-offs	(273		)	(462		)	(189		)	(41	)	(585		)	(397		)	(463		)
Recoveries:
Commercial	15			43			(28		)	(65	)	55			31			25
Residential	22			10			12			NM		10			6			5
Consumer	10			11			(1		)	(9	)	9			10			11
Total recoveries	47			64			(17		)	(27	)	74			47			41
Net charge-offs	(226		)	(398		)	(172		)	(43	)	(511		)	(350		)	(422		)
Allowance for credit losses - ending		$2,205			$2,219			($14	)	(1	)%		$2,289			$2,350			$2,400
Components:
Allowance for loan and lease losses		$2,152			$2,174			($22	)	(1	)%		$2,239			$2,300			$2,348
Unfunded commitments reserve	53			45			8			18		50			50			52
Allowance for credit losses		$2,205			$2,219			($14	)	(1	)%		$2,289			$2,350			$2,400
Net charge-offs to average loans (annualized):
Commercial	0.32		%	0.46		%	(0.14		)%			0.49		%	0.45		%	0.72		%
Residential	1.48			2.75			(1.27		)			3.63			2.33			2.57
Consumer	0.52			0.53			(0.01		)			0.46			0.38			0.48
Total net charge-offs to total average loans	0.76		%	1.30		%	(0.54		)%			1.64		%	1.14		%	1.38		%
Period Ended
Nonaccrual/nonperforming loans:
Commercial		$289			$294			($5	)	(2	)%		$482			$695			$815
Residential	1,157			1,228			(71		)	(6	)	1,225			1,742			1,812
Consumer	21			25			(4		)	(16	)	24			21			22
Total nonaccrual/nonperforming loans	1,467			1,547			(80		)	(5	)	1,731			2,458			2,649
OREO	223			264			(41		)	(16	)	304			331			411
Other repossessed assets	9			9			—			—		10			11			14
Nonperforming LHFS	41			37			4			11		40			—			60
Total nonperforming assets		$1,740			$1,857			($117	)	(6	)%		$2,085			$2,800			$3,134
Accruing restructured loans		$2,499			$2,501			($2	)	—	%		$2,640			$2,699			$2,750
Nonaccruing restructured loans	655			639			16			3		482			694			714
Accruing loans past due > 90 days (guaranteed)	767			722			45			6		1,041			2,082			2,088
Accruing loans past due > 90 days (non-guaranteed)	56			60			(4		)	(7	)	63			68			64
Accruing LHFS past due > 90 days	2			1			1			100		1,127			—			3
Nonperforming loans to total loans	1.21		%	1.27		%	(0.06		)%	(5	)%	1.42		%	1.97		%	2.16		%
Nonperforming assets to total loans plus OREO, other repossessed assets, and nonperforming LHFS	1.44			1.52			(0.08		)	(5	)	1.71			2.24			2.54
Allowance to period-end loans1,2	1.79			1.80			(0.01		)	(1	)	1.84			1.85			1.92
Allowance to period-end loans, excluding government guaranteed loans 1,2,3	1.93			1.95			(0.02		)	(1	)	2.02			2.07			2.16
Allowance to nonperforming loans1,2	148			142			6			4		130			94			89
Allowance to annualized net charge-offs1	2.34x			1.37x			0.97x			71		1.10x			1.64x			1.38x

¹ This ratio is computed using the allowance for loan and lease losses.

² Loans carried at fair value were excluded from the calculation.

³ See Appendix A for reconciliation of non-GAAP performance measures.

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

18

SunTrust Banks, Inc. and Subsidiaries OTHER FINANCIAL DATA, continued (Dollars in millions) (Unaudited)
	Three Months Ended March 31
	Core Deposit   Intangibles			MSRs - Fair Value			Other			Total
OTHER INTANGIBLE ASSET ROLLFORWARD
Balance, beginning of period		$38			$921			$58			$1,017
Amortization	(6		)	—			(5		)	(11		)
Mortgage servicing rights (“MSRs”) originated	—			83			—			83
Fair value changes due to inputs and assumptions	—			124			—			124
Other changes in fair value	—			(57		)	—			(57		)
Sale of MSRs	—			(1		)	—			(1		)
Balance, March 31, 2012		$32			$1,070			$53			$1,155
Balance, beginning of period		$17			$899			$40			$956
Amortization	(3		)	—			(3		)	(6		)
MSRs originated	—			110			—			110
Fair value changes due to inputs and assumptions	—			90			—			90
Other changes in fair value	—			(74		)	—			(74		)
Balance, March 31, 2013		$14			$1,025			$37			$1,076

	Three Months Ended
	March 31	December 31	September 30	June 30	March 31
	2013	2012	2012	2012	2012
COMMON SHARE ROLLFORWARD (000’s)
Balance, beginning of period	538,959	538,821	538,398	538,056	536,967
Common shares issued (exchanged) for employee benefit plans, stock option, and restricted stock activity	1,228	138	423	342	1,089
Balance, end of period	540,187	538,959	538,821	538,398	538,056

19

SunTrust Banks, Inc. and Subsidiaries RECONCILEMENT OF NON-GAAP MEASURES APPENDIX A TO THE EARNINGS RELEASE (Dollars in millions, except per share data) (Unaudited)
	Three Months Ended
	March 31			December 31			September 30			June 30			March 31
	2013			2012			2012			2012			2012
NON-GAAP MEASURES PRESENTED IN THE EARNINGS RELEASE 1
Net interest income		$1,221			$1,246			$1,271			$1,274			$1,311
Taxable-equivalent adjustment	30			30			30			32			31
Net interest income - FTE	1,251			1,276			1,301			1,306			1,342
Noninterest income	863			1,015			2,542			940			876
Total revenue - FTE	2,114			2,291			3,843			2,246			2,218
Securities gains, net	(2		)	(1		)	(1,941		)	(14		)	(18		)
Total revenue - FTE excluding net securities gains 2		$2,112			$2,290			$1,902			$2,232			$2,200
Efficiency ratio 3	64.46		%	65.93		%	44.90		%	68.83		%	69.50		%
Impact of excluding amortization of intangible assets	(0.29		)	(0.30		)	(0.43		)	(0.50		)	(0.48		)
Tangible efficiency ratio 4	64.17		%	65.63		%	44.47		%	68.33		%	69.02		%
Total shareholders' equity		$21,194			$20,985			$20,399			$20,568			$20,241
Goodwill, net of deferred taxes of $169 million, $163 million, $159 million, $156 million, and $164 million, respectively	(6,200		)	(6,206		)	(6,210		)	(6,220		)	(6,180		)
Other intangible assets, net of deferred taxes of $5 million, $7 million, $8 million, $10 million, and $14 million, respectively, and MSRs	(1,071		)	(949		)	(888		)	(929		)	(1,142		)
MSRs	1,025			899			831			865			1,070
Tangible equity	14,948			14,729			14,132			14,284			13,989
Preferred stock	(725		)	(725		)	(275		)	(275		)	(275		)
Tangible common equity		$14,223			$14,004			$13,857			$14,009			$13,714
Total assets		$172,435			$173,442			$173,181			$178,257			$178,226
Goodwill	(6,369		)	(6,369		)	(6,369		)	(6,376		)	(6,344		)
Other intangible assets including MSRs	(1,076		)	(956		)	(896		)	(939		)	(1,155		)
MSRs	1,025			899			831			865			1,070
Tangible assets		$166,015			$167,016			$166,747			$171,807			$171,797
Tangible equity to tangible assets 5	9.00		%	8.82		%	8.48		%	8.31		%	8.14		%
Tangible book value per common share 6		$26.33			$25.98			$25.72			$26.02			$25.49
Total loans		$120,804			$121,470			$121,817			$124,560			$122,691
Government guaranteed loans	(9,205		)	(9,609		)	(10,646		)	(12,911		)	(13,633		)
Loans held at fair value	(360		)	(379		)	(390		)	(406		)	(413		)
Total loans, excluding government guaranteed and fair value loans		$111,239			$111,482			$110,781			$111,243			$108,645
Allowance to total loans, excluding government guaranteed and fair value loans 7	1.93		%	1.95		%	2.02		%	2.07		%	2.16		%

¹ Certain amounts in this schedule are presented net of applicable income taxes, which are calculated based on each subsidiary’s federal and state tax rates and laws. In general, the federal marginal tax rate is 35%, but the state marginal tax rates range from 1% to 8% in accordance with the subsidiary’s income tax filing requirements with various tax authorities. In addition, the effective tax rate may differ from the federal and state marginal tax rates in certain cases where a permanent difference exists.

² SunTrust presents total revenue - FTE excluding net securities gains. The Company believes noninterest income without net securities gains is more indicative of the Company’s performance because it isolates income that is primarily client relationship and client transaction driven and is more indicative of normalized operations.

³ 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.

⁴ SunTrust presents a tangible efficiency ratio which excludes the amortization of intangible assets other than MSRs. The Company believes this measure is useful to investors because, by removing the effect of these intangible asset costs (the level of which may vary from company to company), it allows investors to more easily compare the Company’s efficiency to other companies in the industry. This measure is utilized by management to assess the efficiency of the Company and its lines of business.

⁵ 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.

⁶ 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.

⁷ SunTrust presents a ratio of allowance to total loans, excluding government guaranteed and fair value loans, to exclude loans from the calculation 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.

20

SunTrust Banks, Inc. and Subsidiaries CONSUMER BANKING AND PRIVATE WEALTH MANAGEMENT (Dollars in millions) (Unaudited)
	Three Months Ended March 31
	2013			2012			% Change
Statements of Income:
Net interest income 1		$602			$634		(5	)%
FTE adjustment	—			—			—
Net interest income - FTE	602			634			(5	)
Provision for credit losses 2	99			155			(36	)
Net interest income - FTE - after provision for credit losses	503			479			5
Noninterest income before securities gains	326			339			(4	)
Securities gains, net	—			—			—
Total noninterest income	326			339			(4	)
Noninterest expense before amortization/impairment of intangible assets/goodwill	669			721			(7	)
Amortization/impairment of intangible assets/goodwill	5			10			(50	)
Total noninterest expense	674			731			(8	)
Income before provision for income taxes	155			87			78
Provision for income taxes	57			32			78
FTE adjustment	—			—			—
Net income including income attributable to noncontrolling interest	98			55			78
Less: net income attributable to noncontrolling interest	—			—			—
Net income		$98			$55		78
Total revenue - FTE		$928			$973		(5	)
Selected Average Balances:
Total loans		$39,781			$41,513		(4	)%
Goodwill	3,955			3,930			1
Other intangible assets excluding MSRs	41			73			(44	)
Total assets	44,556			46,285			(4	)
Consumer and commercial deposits	77,947			76,902			1
Performance Ratios:
Efficiency ratio	72.63		%	75.15		%
Impact of excluding amortization/impairment of intangible assets/goodwill	(2.80		)	(3.65		)
Tangible efficiency ratio	69.83		%	71.50		%
Other Information (End of Period): 3
Assets under administration
Managed (discretionary) assets		$63,091			$63,950		(1	)%
Non-managed assets	42,033			52,963			(21	)
Total assets under administration	105,124			116,913			(10	)
Brokerage assets	41,257			37,715			9
Total assets under advisement		$146,381			$154,628		(5	)

¹  Net interest income does not include the funding benefit that would result from holding shareholders’ equity at the line of business level due to the fact that shareholder’s equity is not allocated to the lines of business at this time.

²  Provision for credit losses represents net charge-offs for the lines of business.

³  Reflects the assets under administration/advisement for GenSpring and Private Wealth Management clients.

21

SunTrust Banks, Inc. and Subsidiaries WHOLESALE BANKING (Dollars in millions) (Unaudited)
	Three Months Ended March 31
	2013			2012			% Change 4
Statements of Income:
Net interest income 1		$433			$424		2	%
FTE adjustment	29			29			—
Net interest income - FTE	462			453			2
Provision for credit losses 2	37			101			(63	)
Net interest income - FTE - after provision for credit losses	425			352			21
Noninterest income before securities gains	337			363			(7	)
Securities gains, net	—			—			—
Total noninterest income	337			363			(7	)
Noninterest expense before amortization of intangible assets	425			486			(13	)
Amortization of intangible assets	1			1			—
Total noninterest expense	426			487			(13	)
Income - FTE - before provision for income taxes	336			228			47
Provision for income taxes	75			33			NM
FTE adjustment	29			29			—
Net income including income attributable to noncontrolling interest	232			166			40
Less: net income attributable to noncontrolling interest	4			8			(50	)
Net income		$228			$158		44
Total revenue - FTE		$799			$816		(2	)
Selected Average Balances:
Total loans		$53,044			$50,214		6	%
Goodwill	2,414			2,414			—
Other intangible assets excluding MSRs	12			15			(20	)
Total assets	66,226			63,599			4
Consumer and commercial deposits	46,182			45,688			1
Performance Ratios:
Efficiency ratio	53.28		%	59.70		%
Impact of excluding amortization of intangible assets	(1.26		)	(1.74		)
Tangible efficiency ratio	52.02		%	57.96		%
Other Information (End of Period): 3
Managed (discretionary) assets under administration		$44,620			$43,443		3	%

¹  Net interest income does not include the funding benefit that would result from holding shareholders’ equity at the line of business level due to the fact that shareholder’s equity is not allocated to the lines of business at this time.

²  Provision for credit losses represents net charge-offs for the lines of business.

³  Reflects the assets under administration for Ridgeworth clients.

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

22

SunTrust Banks, Inc. and Subsidiaries MORTGAGE BANKING (Dollars in millions) (Unaudited)
	Three Months Ended March 31
	2013			2012			% Change 3
Statements of Income:
Net interest income 1		$127			$126		1	%
FTE adjustment	—			—			—
Net interest income - FTE	127			126			1
Provision for credit losses 2	90			166			(46	)
Net interest income - FTE - after provision for credit losses	37			(40		)	NM
Noninterest income before securities losses	198			157			26
Securities losses, net	—			—			—
Total noninterest income	198			157			26
Noninterest expense before amortization of intangible assets	271			333			(19	)
Amortization of intangible assets	—			—			—
Total noninterest expense	271			333			(19	)
Loss before benefit for income taxes	(36		)	(216		)	83
Benefit for income taxes	(15		)	(86		)	83
FTE adjustment	—			—			—
Net loss including income attributable to noncontrolling interest	(21		)	(130		)	84
Less: net income attributable to noncontrolling interest	—			—			—
Net loss		($21	)		($130	)	84
Total revenue - FTE		$325			$283		15
Selected Average Balances:
Total loans		$27,996			$30,796		(9	)%
Goodwill	—			—			—
Other intangible assets excluding MSRs	—			—			—
Total assets	33,185			35,235			(6	)
Consumer and commercial deposits	3,517			3,199			10
Performance Ratios:
Efficiency ratio	83.33		%	117.88		%
Impact of excluding amortization of intangible assets	—			—
Tangible efficiency ratio	83.33		%	117.88		%
Other Information:
Production Data
Channel mix
Retail		$4,735			$4,187		13	%
Wholesale	1,180			1,321			(11	)
Correspondent	2,926			2,165			35
Total production		$8,841			$7,673		15
Channel mix - percent
Retail	54		%	55		%
Wholesale	13			17
Correspondent	33			28
Total production	100		%	100		%
Purchase and refinance mix
Refinance		$7,111			$5,845		22
Purchase	1,730			1,828			(5	)
Total production		$8,841			$7,673		15
Purchase and refinance mix - percent
Refinance	80		%	76		%
Purchase	20			24
Total production	100		%	100		%
Applications		$12,212			$16,676		(27	)
Mortgage Servicing Data (End of Period):
Total loans serviced		$142,320			$155,351		(8	)%
Total loans serviced for others	111,973			121,444			(8	)
Net carrying value of MSRs	1,025			1,070			(4	)
Ratio of net carrying value of MSRs to total loans serviced for others	0.915		%	0.881		%

¹  Net interest income does not include the funding benefit that would result from holding shareholders’ equity at the line of business level due to the fact that shareholder’s equity is not allocated to the lines of business at this time.

²  Provision for credit losses represents net charge-offs for the lines of business.

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

23

SunTrust Banks, Inc. and Subsidiaries CORPORATE OTHER (Dollars in millions) (Unaudited)
	Three Months Ended March 31
	2013			2012			% Change 2
Statements of Income:
Net interest income		$59			$127		(54	)%
FTE adjustment	1			2			(50	)
Net interest income - FTE	60			129			(53	)
Provision for credit losses 1	(14		)	(105		)	87
Net interest income - FTE - after provision for credit losses	74			234			(68	)
Noninterest (loss)/income before securities gains	—			(1		)	100
Securities gains, net	2			18			(89	)
Total noninterest income	2			17			(88	)
Noninterest expense before amortization of intangible assets	(8		)	(10		)	20
Amortization of intangible assets	—			—			—
Total noninterest expense	(8		)	(10		)	20
Income - FTE - before provision for income taxes	84			261			(68	)
Provision for income taxes	34			90			(62	)
FTE adjustment	1			2			(50	)
Net income including income attributable to noncontrolling interest	49			169			(71	)
Less: net income attributable to noncontrolling interest	2			2			—
Net income		$47			$167		(72	)
Total revenue - FTE		$62			$146		(58	)
Selected Average Balances:
Total loans		$61			$19		NM
Securities available for sale	22,315			24,462			(9	)
Other intangible assets excluding MSRs	—			3			(100	)
Total assets	27,841			31,736			(12	)
Consumer and commercial deposits	9			54			(83	)
Other Information:
Duration of investment portfolio (in years)	3.3			2.5
Net interest income interest rate sensitivity:
% Change in net interest income under:
Instantaneous 100 bp increase in rates over next 12 months	2.8		%	2.0		%
Instantaneous 200 bp increase in rates over next 12 months	5.3		%	3.3		%
Instantaneous 25 bp decrease in rates over next 12 months	(1.1		)%	(0.4		)%

¹  Provision for credit losses is the difference between net charge-offs recorded by the lines of business and consolidated provision for credit losses.

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

24

SunTrust Banks, Inc. and Subsidiaries

CONSOLIDATED - SEGMENT TOTALS

(Dollars in millions) (Unaudited)

	Three Months Ended March 31
	2013			2012			% Change 1
Statements of Income:
Net interest income		$1,221			$1,311		(7	)%
FTE adjustment	30			31			(3	)
Net interest income - FTE	1,251			1,342			(7	)
Provision for credit losses	212			317			(33	)
Net interest income - FTE - after provision for credit losses	1,039			1,025			1
Noninterest income before securities gains	861			858			—
Securities gains, net	2			18			(89	)
Total noninterest income	863			876			(1	)
Noninterest expense before amortization/impairment of intangible assets/goodwill	1,357			1,530			(11	)
Amortization/impairment of intangible assets/goodwill	6			11			(45	)
Total noninterest expense	1,363			1,541			(12	)
Income - FTE - before provision for income taxes	539			360			50
Provision for income taxes	151			69			NM
FTE adjustment	30			31			(3	)
Net income including income attributable to noncontrolling interest	358			260			38
Less: net income attributable to noncontrolling interest	6			10			(40	)
Net income		$352			$250		41
Total revenue - FTE		$2,114			$2,218		(5	)
Selected Average Balances:
Total loans		$120,882			$122,542		(1	)%
Goodwill	6,369			6,344			—
Other intangible assets excluding MSRs	53			91			(42	)
Total assets	171,808			176,855			(3	)
Consumer and commercial deposits	127,655			125,843			1
Performance Ratios:
Efficiency ratio	64.46		%	69.50		%
Impact of excluding amortization/impairment of intangible assets/goodwill	(0.29		)	(0.48		)
Tangible efficiency ratio	64.17		%	69.02		%
Other Information (End of Period):
Assets under administration
Managed (discretionary) assets		$107,711			$107,393		—	%
Non-managed assets	42,033			52,963			(21	)
Total assets under administration	149,744			160,356			(7	)
Brokerage assets	41,257			37,715			9
Total assets under advisement		$191,001			$198,071		(4	)

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

25

EX-99.2

1Q 2013 Earnings Release April 19, 2013

2 Important Cautionary Statement The following should be read in conjunction with the financial statements, notes and other information contained in the Company’s 2012 Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. This presentation includes non-GAAP financial measures to describe SunTrust’s performance. The reconciliations of those measures to GAAP measures are provided within or in the appendix of this presentation. In this presentation, the Company presents net interest income and net interest margin on a fully taxable-equivalent (“FTE”) basis, and ratios on an annualized basis. The FTE basis adjusts for the tax-favored status of income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and provides relevant comparison between taxable and non-taxable amounts. This presentation may contain forward-looking statements. Any statement that does not describe historical or current facts is a forward-looking statement. These statements often include the words “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “goals,” “targets,” “initiatives,” “potentially,” “probably,” “projects,” “outlook” or similar expressions or future conditional verbs such as “may,” “will,” “should,” “would,” and “could.” Forward-looking statements are based upon the current beliefs and expectations of management and on information currently available to management. Our statements speak as of the date hereof, and we do not assume any obligation to update these statements or to update the reasons why actual results could differ from those contained in such statements in light of new information or future events. Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward- looking statements. Factors that could cause actual results to differ materially from those described in the forward-looking statements can be found in Part I, “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2012 and in other periodic reports that we file with the SEC. Those factors include: our framework for managing risks may not be effective in mitigating risk and loss to us; as one of the largest lenders in the Southeast and Mid-Atlantic U.S. and a provider of financial products and services to consumers and businesses across the U.S., our financial results have been, and may continue to be, materially affected by general economic conditions, particularly unemployment levels and home prices in the U.S., and a deterioration of economic conditions or of the financial markets may materially adversely affect our lending and other businesses and our financial results and condition; legislation and regulation, including the Dodd-Frank Act, as well as future legislation and/or regulation, could require us to change certain of our business practices, reduce our revenue, impose additional costs on us, or otherwise adversely affect our business operations and/or competitive position; we are subject to capital adequacy and liquidity guidelines and, if we fail to meet these guidelines, our financial condition would be adversely affected; loss of customer deposits and market illiquidity could increase our funding costs; we rely on the mortgage secondary market and GSEs for some of our liquidity; we are subject to credit risk; our ALLL may not be adequate to cover our eventual losses; we may have more credit risk and higher credit losses to the extent our loans are concentrated by loan type, industry segment, borrower type, or location of the borrower or collateral; we will realize future losses if the proceeds we receive upon liquidation of nonperforming assets are less than the carrying value of such assets; a downgrade in the U.S. government's sovereign credit rating, or in the credit ratings of instruments issued, insured or guaranteed by related institutions, agencies or instrumentalities, could result in risks to us and general economic conditions that we are not able to predict; the failure of the European Union to stabilize the fiscal condition and creditworthiness of its weaker member economies could have international implications potentially impacting global financial institutions, the financial markets, and the economic recovery underway in the U.S.; weakness in the real estate market, including the secondary residential mortgage loan markets, has adversely affected us and may continue to adversely affect us; we are subject to certain risks related to originating and selling mortgages, and may be required to repurchase mortgage loans or indemnify mortgage loan purchasers as a result of breaches of representations and warranties, borrower fraud, or as a result of certain breaches of our servicing agreements, and this could harm our liquidity, results of operations, and financial condition; financial difficulties or credit downgrades of mortgage and bond insurers may adversely affect our servicing and investment portfolios; we may face certain risks as a servicer of loans, or also may be terminated as a servicer or master servicer, be required to repurchase a mortgage loan or reimburse investors for credit losses on a mortgage loan, or incur costs, liabilities, fines and other sanctions if we fail to satisfy our servicing obligations, including our obligations with respect to mortgage loan foreclosure actions; we are subject to risks related to delays in the foreclosure process; we may continue to suffer increased losses in our loan portfolio despite enhancement of our underwriting policies and practices; our mortgage production and servicing revenue can be volatile; as a financial services company, changes in general business or economic conditions could have a material adverse effect on our financial condition and results of operations; changes in market interest rates or capital markets could adversely affect our revenue and expense, the value of assets and obligations, and the availability and cost of capital and liquidity; changes in interest rates could also reduce the value of our MSRs and mortgages held for sale, reducing our earnings; changes which are being considered in the method for determining LIBOR may affect the value of debt securities and other financial obligations held or issued by SunTrust that are linked to LIBOR, or may affect the Company's financial condition or results of operations; the fiscal and monetary policies of the federal government and its agencies could have a material adverse effect on our earnings; depressed market values for our stock may require us to write down goodwill; clients could pursue alternatives to bank deposits, causing us to lose a relatively inexpensive source of funding; consumers may decide not to use banks to complete their financial transactions, which could affect net income; we have businesses other than banking which subject us to a variety of risks; hurricanes and other disasters may adversely affect loan portfolios and operations and increase the cost of doing business; negative public opinion could damage our reputation and adversely impact business and revenues; we rely on other companies to provide key components of our business infrastructure; a failure in or breach of our operational or security systems or infrastructure, or those of our third party vendors and other service providers, including as a result of cyber attacks, could disrupt our businesses, result in the disclosure or misuse of confidential or proprietary information, damage our reputation, increase our costs and cause losses; the soundness of other financial institutions could adversely affect us; we depend on the accuracy and completeness of information about clients and counterparties; regulation by federal and state agencies could adversely affect the business, revenue, and profit margins; competition in the financial services industry is intense and could result in losing business or margin declines; maintaining or increasing market share depends on market acceptance and regulatory approval of new products and services; we might not pay dividends on your common stock; our ability to receive dividends from our subsidiaries could affect our liquidity and ability to pay dividends; disruptions in our ability to access global capital markets may adversely affect our capital resources and liquidity; any reduction in our credit rating could increase the cost of our funding from the capital markets; we have in the past and may in the future pursue acquisitions, which could affect costs and from which we may not be able to realize anticipated benefits; we are subject to certain litigation, and our expenses related to this litigation may adversely affect our results; we may incur fines, penalties and other negative consequences from regulatory violations, possibly even from inadvertent or unintentional violations; we depend on the expertise of key personnel, and if these individuals leave or change their roles without effective replacements, operations may suffer; we may not be able to hire or retain additional qualified personnel and recruiting and compensation costs may increase as a result of turnover, both of which may increase costs and reduce profitability and may adversely impact our ability to implement our business strategies; our accounting policies and processes are critical to how we report our financial condition and results of operations, and they require management to make estimates about matters that are uncertain; changes in our accounting policies or in accounting standards could materially affect how we report our financial results and condition; our stock price can be volatile; our disclosure controls and procedures may not prevent or detect all errors or acts of fraud; our financial instruments carried at fair value expose us to certain market risks; our revenues derived from our investment securities may be volatile and subject to a variety of risks; and we may enter into transactions with off-balance sheet affiliates or our subsidiaries.

3 1Q 13 Summary Earnings • Net income available to common shareholders of $340 million • Earnings per diluted share of $0.63 compared to $0.46 in the prior year Revenue • Net interest income was modestly lower sequentially due to fewer days and lower overall asset yields • Noninterest income declined from the prior quarter due to lower mortgage revenue, record 4Q 12 investment banking income, and seasonality Expenses • Expenses declined 10% from the prior quarter and 12% from the prior year, driven by ongoing efficiency efforts and the abatement of cyclically high costs • 1Q 13 expenses were lowest level in three years Balance Sheet • Average performing loans relatively stable to 4Q 12 and 1Q 12; the impacts of completed loan sales were essentially offset by continued C&I growth • Average deposits stable to the prior quarter and up marginally from the prior year. DDA increased 8% year- over-year, while higher-cost time deposits continued to decline Credit and Capital • Nonperforming loans declined 5% and 45% from the prior quarter and prior year, respectively • Net charge-off ratio improved to 0.76% annualized, the lowest level in five years • Tier 1 common ratio increased to 10.1% (estimated) Comprehensive Capital Analysis and Review (“CCAR”) • The Federal Reserve had no objection to the Company’s plans to repurchase $200 million of common stock and to increase the quarterly common stock dividend from $0.05 to $0.10

4 Net Income Available To Common & Diluted EPS Prior Quarter Variance • EPS decrease of $0.02 → Pre-tax earnings increased $86 million, as lower expenses and provision for credit losses more than offset lower revenue → Net income available to common was down $10 million Prior Year Variance • EPS increase of $0.17 → Growth driven by declines in expenses and provision for credit losses → Lower net interest income was a partial offset ($ in millions) 1. 3Q 12 reported EPS was $1.98. The $0.58 excludes the $1.40 impact related to the actions announced in 3Q 12, including the accelerated termination of the agreements regarding The Coca-Cola Company stock; the moves to HFS of certain residential NPLs, CRE NPLs, student loans, and GNMA loans; the mortgage repurchase provision; the charitable contribution of The Coca-Cola Company shares; and the Affordable Housing write-down Earnings and Diluted EPS up Meaningfully from Prior Year $1,066 $245 $270 $313 $350 $340 $753 $0.46 $0.50 $0.58 $0.65 $0.63 1Q 12 2Q 12 3Q 12¹ 4Q 12 1Q 13 Net Income Available to Common (Ex 3Q 12 Items) 3Q 12 It ms EPS (Ex 3Q 12 Items)

5 Net Interest Income - FTE ($ in millions) Prior Quarter Variance • Net interest income declined $25 million → Primarily attributable to two fewer days in the current quarter • Net interest margin declined three basis points; lower loan and securities yields were partially offset by a decline in deposit rates paid Prior Year Variance • Net interest income declined $91 million → Interest income was down $175 million, primarily attributable to lower asset yields, the elimination of The Coca-Cola Company dividend income, and reduced income from commercial loan swaps → Interest expense declined $85 million, driven by a more favorable deposit mix, lower deposit rates paid, and a significant reduction in long-term debt expense Net Interest Income and Margin Down Modestly from 4Q 12 $1,342 $1,306 $1,301 $1,276 $1,251 3.49% 3.39% 3.38% 3.36% 3.33% 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% $500 $1,000 $1,500 1Q 12 2Q 12 3Q 12 4Q 12 1Q 13 Net Interest Income Net Interest Margin NOTE: Totals may not foot due to rounding

6 Noninterest Income 1. Please refer to the appendix for adjustment detail NOTE: Totals may not foot due to rounding Prior Quarter Variance • Adjusted noninterest income declined $125 million → $82 million reduction in mortgage production related income due to lower margins → $44 million decline in investment banking income, due to seasonality and record revenue in 4Q 12 Prior Year Variance • Adjusted noninterest income declined $6 million → Declines in mortgage servicing related income, trading income, and other noninterest income essentially offset by lower mortgage repurchase provision $881 $920 $729 $1,000 $875 ($5) $20 $1,812 $15 ($11) 1Q 12 2Q 12 3Q 12 4Q 12 1Q 13 Adjusted Nonint rest Income¹ Adjustment Items¹ $2,542 $940 $1,015 $876 $863 ($ in millions) Noninterest Income Declined from Prior Quarter

7 Noninterest Expense 1. Please refer to the appendix for adjustment detail NOTE: Totals may not foot due to rounding Prior Quarter Variance • Noninterest expense declined $147 million, or 10% → All expense categories were down, except for an increase in employee compensation due to seasonally higher benefits → Largest decreases were in credit-related costs, operating losses, legal and consulting fees, and marketing and customer development Prior Year Variance • Noninterest expense declined $178 million, or 12% → $95 million decline in credit-related costs and operating losses → $38 million decrease in employee compensation → $20 million decline in legal and consulting fees ($ in millions) $1,531 $1,532 $1,537 $1,510 $1,363 $10 $14 $189 1Q 12 2Q 12 3Q 12 4Q 12 1Q 13 Adjusted Noninterest Expense¹ Adjustment Items¹ $1,546 $1,541 $1,726 $1,510 $1,363 Expenses Down Significantly from Prior Quarter and Prior Year

8 68.4% 68.3% 75.2% 66.0% 63.8% 1Q 12 2Q 12 3Q 12 4Q 12 1Q 13 Tangible Efficiency Ratio – Adjusted Basis1 1. Calculated on a tangible basis and excluding certain items that are material and/or potentially nonrecurring. The GAAP efficiency ratios for 1Q 12, 2Q 12, 3Q 12, 4Q 12, and 1Q 13 were 69.5%, 68.8%, 44.9%, 65.9%, and 64.5%, respectively. Please refer to the appendix for the GAAP reconciliations Continued Momentum Due to Prudent Expense Management and a Decline in Cyclically High Costs Elevated Due to $371 Million Mortgage Repurchase Provision

9 $422 $350 $339 $280 $226 $172 $118 1.38% 1.14% 1.64% 1.30% 0.76% 1Q 12 2Q 12 3Q 12 4Q 12 1Q 13 Core Net Charge-offs Impact of Selected Items NCOs to Avg. Loans (annualized) ($ in millions) 1. In 3Q 12, $544 million of nonperforming residential mortgage and CRE loans were either sold or transferred to held for sale, and a $172 million charge-off and provision for credit loss were recognized. In 4Q 12, $162 million of nonperforming residential mortgage and CRE loans were sold, and a $39 million charge-off and provision for credit loss were recognized. Also in 4Q 12, $232 million of loans that were discharged from Chapter 7 bankruptcy were reclassified as nonperforming, and a $79 million charge-off and provision for credit loss were recognized Credit Quality $317 00 $278 $210 $212 $172 $118 1Q 12 2 12 3Q 12 4Q 12 1Q 13 Core Provision Impact of Selected Items Provision Expense1 $450 $328 Net Charge-offs1 $511 $398 $2,649 $2,458 $1,731 $1,547 $1,467 $485 $342 $354 $310 $273 1Q 12 2Q 12 3Q 12 4Q 12 1Q 13 Nonperforming Loans Other Assets Nonperforming Assets1 $1,740 $1,857 $2,800 $3,134 $2,085 Asset Quality Continues to Improve Allowance for Loan and Lease Losses $2,348 $2,300 $2,239 $2,174 $2,152 1.92% 1.85% 1.84% 1.80% 1.79% 1Q 12 2Q 12 3Q 12 4 1 13 ALLL ($) ALLL Ratio

10 Loans Average Performing Loans Prior Quarter Variance • Guaranteed mortgage and student loans were down a combined $0.9 billion due the 4Q 12 sales • Commercial loan growth of $1.0 billion, or 2%, was driven by a $1.1 billion increase in C&I Prior Year Variance • Performing loans were relatively stable → Commercial increased $3.3 billion; C&I grew $4.2 billion, or 9%, partially offset by a combined $0.9 billion decline in CRE and commercial construction → Residential declined $3.0 billion, or 7%, due predominantly to guaranteed mortgage sales → Consumer declined $0.7 billion, or 3%; the decline associated with guaranteed student loan sales was partially offset by a $0.9 billion increase in indirect loans NOTE: Totals may not foot due to rounding $55.2 $56.2 $57.2 $57.6 $58.5 $44.4 $44.3 $43.9 $42.8 $41.4 $20.1 $20.2 $20.6 $19.6 $19.4 1Q 12 2Q 12 3Q 12 4Q 12 1Q 13 Commerci l Residential Consumer $120.8 $121.7 $120.0 $119.4 $119.7 ($ in billions) Average Performing Loans Were Relatively Stable

11 Deposits Average Client Deposits Prior Quarter Variance • Client deposits declined $0.3 billion → Money market, NOW, and savings up a combined $1.6 billion, or 2% → Higher-cost time deposits down $0.6 billion, or 4% → DDA down $1.3 billion, or 3%, due to seasonality Prior Year Variance • Client deposits increased $1.8 billion, or 1% → Lower-cost deposits up $5.0 billion, or 5% → Higher-cost time deposits declined $3.2 billion, or 18% ($ in billions) NOTE: Totals may not foot due to rounding $35.4 $36.6 $37.9 $39.4 $38.1 $25.3 $25.0 $24.8 $25.6 $26.4 $42.5 $41.9 $41.5 $42.5 $43.0 $4.9 $5.2 $5.2 $5.2 $5.5 $17.8 $17.2 $16.0 $15.2 $14.7 1Q 12 2Q 12 3Q 12 4Q 12 1Q 13 DDA NOW Money Market Savings Time $125.9 $125.4 $127.9 $127.7 $125.8 Lower-cost Deposit Growth and Higher-cost Deposit Declines Continued

12 1. 1Q 13 estimated. Please refer to the appendix for additional detail on the calculation 2. The total shareholders’ equity to total assets ratio was 11.36%, 11.54%, 11.78%, 12.10%, and 12.29% for periods ending 1Q 12, 2Q 12, 3Q 12, 4Q 12, and 1Q 13, respectively. See the appendix for a reconcilement of tangible common equity to shareholders’ equity and tangible assets to total assets 3. Book value per share was $37.11, $37.69, $37.35, $37.59, and $37.89 for the periods ending 1Q 12, 2Q 12, 3Q 12, 4Q 12, and 1Q 13, respectively. See Appendix A within the earnings release for a reconcilement to book value per share Capital Levels and Ratios Continued to Improve; Estimated Basel III Tier 1 Common Ratio of 8.2%¹ ($ in billions) Capital Position Tangible Common Equity Ratio2 7.98% 8.15% 8.31% 8.38% 8.57% 1Q 12 2Q 12 3Q 12 4Q 12 1Q 13 Tangible Book Value Per Share3 $25.49 $26.02 $25.72 $25.98 $26.33 1Q 12 2Q 12 3Q 12 4Q 12 1Q 13 $12.5 $12.8 $13.2 $13.5 $13.9 9.33% 9.40% 9.82% 10.04% 10.10% 1Q 12 2Q 12 3Q 12 4Q 12 1Q 13¹ Tier 1 Common $ Tier 1 Common %

13 Consumer Banking and PWM Income Statement Highlights 1Q 12 1Q 13 %Change Net Interest Income (FTE) $634 $602 (5%) Noninterest Income 339 326 (4%) Total Revenue (FTE) 973 928 (5%) Provision for Credit Losses 155 99 (36%) Noninterest Expense 731 674 (8%) Net Income $55 $98 78% Key Statistics ($ in billions) Tangible Efficiency Ratio1 71.5% 69.8% Total Loans2 $41.5 $39.8 (4%) Consumer and Commercial Deposits2 $76.9 $77.9 1% 1. Reported efficiency ratios were 75.2% and 72.6% for 1Q 12 and 1Q 13, respectively. The impact from excluding the amortization of intangible assets was (3.7%) and (2.8%) for 1Q 12 and 1Q 13, respectively 2. Loans and deposits are average balances NOTE: Totals may not foot due to rounding Quarter Highlights • Net income up 78% • Provision for credit losses lower due to continued asset quality improvement in home equity • Expenses down as a result of ongoing efficiency focus • Consumer growth efforts included the 1Q 13 launch of: → Lightstream, an online origination platform targeting super prime clients → Simple Home Refinance product → Deluxe SwitchAgentSM, a premier service that makes changing banks easier • High levels of client adoption of self-service channels enabled reduction of 77 branches from prior year. Mobile sign-ons and ATM deposits up 315% and 190%, respectively, over the past two years ($ in millions)

14 Wholesale Banking Income Statement Highlights 1Q 12 1Q 13 % Change Net Interest Income (FTE) $453 $462 2% Noninterest Income 363 337 (7)% Total Revenue (FTE) 816 799 (2)% Provision for Credit Losses 101 37 (63)% Noninterest Expense 487 426 (13)% Net Income $158 $228 44% Key Statistics ($ in billions) Tangible Efficiency Ratio1 58.0% 52.0% Total Loans2 $50.2 $53.0 6% Consumer and Commercial Deposits2 $45.7 $46.2 1% 1. Reported efficiency ratios were 59.7% and 53.3% for 1Q 12 and 1Q 13, respectively. The impact from excluding the amortization of intangible assets was (1.7%) and (1.3%) for 1Q 12 and 1Q 13, respectively. 2. Loans and deposits are average balances NOTE: Totals may not foot due to rounding Quarter Highlights • Net income up 44% due to credit quality improvement and a 13% reduction in expenses • Revenue decline driven by lower trading revenue and leasing gains, partially offset by higher net interest income • Provision down meaningfully due to lower CRE net charge-offs • Tangible efficiency ratio declined 6 percentage points • Loan growth of 6% was diverse across industry verticals • Continued to grow lead relationships in Corporate & Investment Banking • Upgraded over 200K clients to new small business online platform • CRE balances grew sequentially and production was up markedly from prior year • Talent expansion continued with key hires in the CRE REIT business, Treasury & Payments Solutions, and Corporate & Investment Banking ($ in millions)

15 Mortgage Banking Income Statement Highlights 1Q 12 1Q 13 % Change Net Interest Income (FTE) $126 $127 1% Noninterest Income 157 198 26% Total Revenue (FTE) 283 325 15% Provision for Credit Losses 166 90 (46%) Noninterest Expense 333 271 (19%) Net (Loss) ($130) ($21) 84% Key Statistics ($ in billions) Tangible Efficiency Ratio1 118% 83% Total Loans2 $30.8 $28.0 (9%) Consumer and Commercial Deposits2 $3.2 $3.5 10% Production Volume $7,673 $8,841 15% 1. Reported efficiency and tangible efficiency ratios are the same for both periods, as there are no adjustments for the amortization of intangible assets 2. Loans and deposits are average balances NOTE: Totals may not foot due to rounding Quarter Highlights • Revenue higher as lower mortgage repurchase provision more than offset a decline in production margins and servicing income • Provision for credit losses down due to continued credit quality improvement • Expenses declined, driven by cyclical cost abatement • Bottom line impact is $109MM better than a year ago • Production volume up 15% year-over-year and at the highest level since 3Q 09 → Consumer Direct channel growth continues, with volume more than double prior year → Correspondent channel growth of 35% • Application volumes expected to increase in 2Q 13 from HARP marketing efforts and seasonal growth in purchase activity ($ in millions)

16 1Q 13 Summary Earnings • Net income available to common shareholders of $340 million • Earnings per diluted share of $0.63 compared to $0.46 in the prior year Revenue • Net interest income was modestly lower sequentially due to fewer days and lower overall asset yields • Noninterest income declined from the prior quarter due to lower mortgage revenue, record 4Q 12 investment banking income, and seasonality Expenses • Expenses declined 10% from the prior quarter and 12% from the prior year, driven by ongoing efficiency efforts and the abatement of cyclically high costs • 1Q 13 expenses were lowest level in three years Balance Sheet • Average performing loans relatively stable to 4Q 12 and 1Q 12; the impacts of completed loan sales were essentially offset by continued C&I growth • Average deposits stable to the prior quarter and up marginally from the prior year. DDA increased 8% year- over-year, while higher-cost time deposits continued to decline Credit and Capital • Nonperforming loans declined 5% and 45% from the prior quarter and prior year, respectively • Net charge-off ratio improved to 0.76% annualized, the lowest level in five years • Tier 1 common ratio increased to 10.1% (estimated) Comprehensive Capital Analysis and Review (“CCAR”) • The Federal Reserve had no objection to the Company’s plans to repurchase $200 million of common stock and to increase the quarterly common stock dividend from $0.05 to $0.10

Appendix

18 NOTE: Totals may not foot due to rounding Securities Portfolio Available for Sale 4Q 12 1Q 13 $ Change U.S. Treasury and Agencies $2.3 $3.1 $0.8 MBS – Agency 18.2 19.2 1.0 U.S. States and Subdivisions 0.3 0.3 - Asset – Backed Securities 0.2 0.2 - Private MBS and Corporate Other 0.3 0.2 (0.1) Other Equity 0.7 0.8 0.1 Total Available for Sale $22.0 $23.8 $1.8 ($ in billions, period end balances) High Quality and Liquid Portfolio

19 1. Excludes delinquencies on all federally guaranteed mortgages 2. Excludes delinquencies on federally guaranteed student loans 3. Excludes delinquencies on federally guaranteed mortgages and student loans from the calculation 4. Excludes mortgage loans guaranteed by GNMA that SunTrust has the option, but not the obligation, to repurchase NOTE: Totals may not foot due to rounding 30 – 89 Day Delinquencies by Loan Class Excluding Government-Guaranteed Loans Memo: 1Q 12 2Q 12 3Q 12 4Q 12 1Q 13 1Q 13 Loan Balance 30-89 Accruing Delinquencies Commercial & industrial 0.14% 0.15% 0.16% 0.15% 0.17% $54,343 Commercial real estate 0.27 0.17 0.44 0.26 0.18 4,261 Commercial construction 0.24 0.15 0.04 0.07 0.03 634 Total Commercial Loans 0.15 0.15 0.18 0.16 0.17 $59,238 Residential mortgage – guaranteed - - - - - $3,930 Residential mortgage – non-guaranteed 1.28 1.05 1.05 0.82 0.76 23,051 Home equity products 1.10 0.99 0.95 1.00 0.79 14,617 Residential construction 2.38 0.84 1.54 2.03 1.04 683 Total Residential Loans¹ 1.24 1.02 1.02 0.91 0.78 $42,281 Guaranteed student loans - - - - - $5,275 Other direct 0.75 0.62 0.72 0.61 0.52 2,387 Indirect 0.36 0.43 0.53 0.62 0.38 11,009 Credit card 1.05 1.06 1.01 1.08 1.03 614 Total Consumer Loans² 0.45 0.49 0.58 0.64 0.44 $19,285 Total SunTrust - excluding government-guaranteed delinquencies³ 0.59% 0.51% 0.53% 0.48% 0.41% $120,804 Impact of excluding government-guaranteed delinquencies 0.45% 0.46% 0.42% 0.45% 0.37% Total SunTrust - including government-guaranteed delinquencies4 1.04% 0.97% 0.95% 0.93% 0.78% ($ in millions) Total Delinquencies Continue to Decline

20 Nonperforming Loans by Loan Class 1. In 3Q 12, $544 million of nonperforming residential mortgage and CRE loans were either sold or transferred to held for sale 2. In 3Q 12, $81 million of junior liens that were current on payments but subordinate to a seriously delinquent first mortgage were moved to nonperforming status 3. In 4Q 12, $162 million of nonperforming residential mortgage and CRE loans were sold, and $232 million of residential mortgage and home equity loans were reclassified as NPLs associated with the updated regulatory guidance related to post Chapter 7 bankruptcy NOTE: Totals may not foot due to rounding Memo: 1Q 12 2Q 12 3Q 12 4Q 12 1Q 13 1Q 13 Loan Balance Nonperforming Loans Commercial & industrial $337 $331 $288 $195 $205 $54,343 Commercial real estate1,3 280 233 119 66 59 4,261 Commercial construction 198 131 75 34 25 634 Total Commercial Loans $815 $695 $482 $294 $289 $59,238 Residential mortgages – guaranteed - - - - - $3,930 Residential mortgages – nonguaranteed1,2,3 1,291 1,286 786 775 721 23,051 Home equity products2,3 317 302 310 341 334 14,617 Residential construction 204 154 129 112 102 683 Total Residential Loans $1,812 $1,742 $1,225 $1,228 $1,157 $42,281 Guaranteed student loans - - - - - $5,275 Other direct 6 4 6 6 6 2,387 Indirect 16 17 18 18 15 11,009 Credit cards - - - - - 614 Total Consumer Loans $22 $21 $24 $25 $21 $19,285 Total $2,649 $2,458 $1,731 $1,547 $1,467 $120,804 ($ in millions) 5% Sequential Quarter and 45% YOY Decline

21 Net Charge-off Ratios by Loan Class 1. In 3Q 12, $544 million of nonperforming residential mortgage and CRE loans were either sold or transferred to held for sale. A $172 million net charge-off was recognized 2. In 3Q 12, the timing of NCO recognition of junior liens was moved from 180 days to 120 days. This resulted in $65 million in incremental NCOs 3. In 4Q 12, $162 million of nonperforming residential mortgage and CRE loans were sold, and $232 million of residential mortgage and home equity loans were reclassified as NPLs associated with the updated regulatory guidance related to post Chapter 7 bankruptcy. Net charge-offs of $39 million and $79 million, respectively, were recognized NOTE: Totals may not foot due to rounding NCOs at Lowest Level in Five Years Memo: 1Q 12 2Q 12 3Q 12 4Q 12 1Q 13 1Q 13 Loan Balance Net Charge-off %'s to Avg. Loans (annualized) Commercial Loans Commercial & industrial 0.36% 0.26% 0.25% 0.44% 0.33% $54,343 Commercial real estate1,3 2.42 0.89 2.71 0.94 0.24 4,261 Commercial construction 8.74 7.70 2.66 (0.33) (0.13) 634 Total Commercial Loans 0.72 0.45 0.49 0.46 0.32 $59,238 Residential Loans Residential mortgages – guaranteed - - - - - $3,930 Residential mortgages – nonguaranteed1,2,3 2.50 1.84 4.20 2.71 1.25 23,051 Home equity products2,3 3.32 2.64 3.69 3.60 1.79 14,617 Residential construction 9.85 25.16 9.99 4.31 10.90 683 Total Residential Loans 2.57 2.33 3.63 2.75 1.48 $42,281 Consumer Loans Guaranteed student loans - - - - - $5,275 Other direct 1.69 1.55 1.88 1.92 1.19 2,387 Indirect 0.33 0.19 0.32 0.37 0.46 11,009 Credit cards 4.83 4.47 3.18 3.18 3.40 614 Total Consumer Loans 0.48 0.38 0.46 0.53 0.52 $19,285 Total 1.38% 1.14% 1.64% 1.30% 0.76% $120,804 ($ in millions)

22 Net Charge-offs by Loan Class 1. In 3Q 12, $544 million of nonperforming residential mortgage and CRE loans were either sold or transferred to held for sale. A $172 million net charge-off was recognized 2. In 3Q 12, the timing of NCO recognition of junior liens was moved from 180 days to 120 days. This resulted in $65 million in incremental NCOs 3. In 4Q 12, $162 million of nonperforming residential mortgage and CRE loans were sold, and $232 million of residential mortgage and home equity loans were reclassified as NPLs associated with the updated regulatory guidance related to post Chapter 7 bankruptcy. Net charge-offs of $39 million and $79 million, respectively, were recognized NOTE: Totals may not foot due to rounding Memo: 1Q 12 2Q 12 3Q 12 4Q 12 1Q 13 1Q 13 Loan Balance Net Charge-off $'s Commercial Loans Commercial & industrial $45 $33 $33 $58 $44 $54,343 Commercial real estate1,3 30 11 32 10 2 4,261 Commercial construction 26 19 6 (1) (0) 634 Total Commercial Loans $101 $63 $71 $68 $45 $59,238 Residential Loans Residential mortgages – guaranteed - - - - - $3,930 Residential mortgages – nonguaranteed1,2,3 145 110 255 161 71 23,051 Home equity products2,3 129 102 140 135 65 14,617 Residential construction 23 56 20 8 20 683 Total Residential Loans $297 $268 $415 $305 $156 $42,281 Consumer Loans Guaranteed student loans - - - - - $5,275 Other direct 9 9 11 11 7 2,387 Indirect 8 4 9 10 13 11,009 Credit cards 7 6 5 5 5 614 Total Consumer Loans $24 $19 $25 $25 $25 $19,285 Total $422 $350 $511 $398 $226 $120,804 NCOs at Lowest Level in Five Years ($ in millions)

23 $2,750 $2,699 $2,640 $2,501 $2,499 $714 $694 $482 $639 $655 1Q 12 2Q 12 3Q 12 4Q 12 1Q 13 Accruing Nonaccruing Troubled Debt Restructuring (TDR) Composition TDR Trend Prior Quarter Variance • Total TDRs were relatively unchanged Prior Year Variance • Total TDRs declined by 9%  Accruing balances declined 9% while nonaccruing dropped 8% $3,464 $3,393 $3,154 $3,122 $3,140 Early Stage Accruing TDR Delinquencies $2,438 $2,424 $2,361 $2,281 $2,305 $159 $146 $161 $126 $115 $87 $74 $70 $57 $44 1Q 12 2Q 12 3Q 12 4Q 12 1Q 13 Current 30-59 DLQ 60-89 DLQ ($ in millions) Mortgage and Consumer Loans are 94% of Accruing TDRs; 92% are Current on Principal and Interest Payments Prior Quarter Variance • Early stage delinquencies were down due to declines in residential mortgage and consumer loans Prior Year Variance • Early stage delinquencies down 35%

24 $114 $102 $94 $94 $94 $90 $84 $70 1Q 13 2Q 13 3Q 13 4Q 13 1Q 14 2Q 14 3Q 14 4Q 14 Commercial Loan Swap Interest Income Runoff of Commercial Loan Swap Interest Income is Gradual through 2014 Swap Income Forecast 1. 1M Libor forecast = 25bps throughout the forecast horizon Key Points • Swap income is expected to decline by $12 million in 2Q 13 and $8 million in 3Q 13, then remain relatively stable until 2H 14 • As swaps mature, asset sensitivity increases • SunTrust receives a fixed rate and pays a floating rate (1 month LIBOR) on the notional value of the swaps ($ in millions) A ct u a l

25 NOTE: Totals may not foot due to rounding 1Q12 2Q12 3Q12 4Q12 1Q13 Total Noninterest Income $876 $940 $2,542 $1,015 $863 Adjustment Items: Securities Gains 18 14 1,941 1 2 3Q-4Q 12 Student and Ginnie Mae Loan Sale (Losses) (Other Income) - - (92) - - FMV and ARS (Trading Income) 1 1 6 31 14 Debt and SILC Valuation (Trading Income) (22) (2) (47) (23) (24) Fair Value Adjustments (Mortgage Production) (1) 6 5 5 (3) Total Adjustments (5) 20 1,812 15 (11) Adjusted Noninterest Income $881 $920 $729 $1,000 $875 ($ in millions) Noninterest Income Reconciliation

26 Repurchase demands increased from accelerated GSE pace of working through vintage portfolios Summary Statistics Charge-offs increased as a result of higher resolution volume 1. Includes estimates 2. Amount is an estimate and is included in the $90.2 billion of remaining UPB NOTE: Totals may not foot due to rounding Pending demands declined as SunTrust increased volume of resolutions ($ in millions) 1Q 12 2Q 12 3Q 12 4Q 12 1Q 13 2005 & Prior $21 $30 $20 $27 $26 2006 101 101 78 78 108 2007 234 247 213 187 255 2008 65 86 68 64 72 2009 - 2013 26 25 26 29 29 Total $448 $489 $405 $384 $491 % Non-Agency 1% 2% 2% 1% 1% Beginning Balance $320 $383 $434 $694 $632 Additions 175 155 371 12 14 Charge-Offs (112) (104) (111) (74) (133) Ending Balance $383 $434 $694 $632 $513 ($ in millions) 1Q 12 2Q 12 3Q 12 4Q 12 1Q 13 Sold UPB $246.3 Remaining UPB 90.2 Cumulative Repurchase Requests 7.2 Requests Resolved 6.7 Losses Recognized to Date 1.7 1Q 2013 Reserve 0.5 Income Statement Impact to Date 2.2 Memo: Non-Agency UPB 2 $12.4 Metric (2005 – 2013 vintages) 1 Amount ($B) Mortgage Repurchase Trends Period-end Balance $564 $652 $690 $655 $559 % Non-Agency 1% 3% 2% 2% 2% ($ in millions) 1Q 12 2Q 12 3Q 12 4Q 12 1Q 13

27 Noninterest Expense Reconciliation ($ in millions) 1Q12 2Q12 3Q12 4Q12 1Q13 Total Noninterest Expense $1,541 $1,546 $1,726 $1,510 $1,363 Adjustment Items: Affordable Housing Writedown (Other Expense) - - 96 - - Charitable Contribution of KO Shares (Marketing & Customer Development) - - 38 - - Real Estate Related Charge (Other Expense) - - 17 - - Goodwill Impairment (Amortization of Intangibles) - - 7 - - Loss on Debt Extinguishment - 13 2 - - Severance (Other Expense) 10 1 29 - - Total Adjustments 10 14 189 - - Adjusted Noninterest Expense $1,531 $1,532 $1,537 $1,510 $1,363

28 Additional Noninterest Expense Disclosure Credit-Related Expenses and Operating Losses ($ in millions) $60 $69 $71 $77 $39 $50 $52 $30 $8 $38 $45 $48 $41 $20 $17 $16 $17 $16 $12 1Q 12 2Q 12 3Q 12 4Q 12 1Q 13 Operating Losses Other Real Estate (Other Exp.) Collection Services (Other Exp.) Credit Services (Other Exp.) $71 $166 $182 $166 $142 NOTE: Totals may not foot due to rounding

29 Reconciliation of Tier 1 Common Equity Ratio1 1Q 13 Tier 1 Common Equity - Basel I $13.9 Adjustments from Basel I to Proposed Basel III 2 (0.3) Tier 1 Common Equity - Proposed Basel III 3 $13.5 Risk-weighted Assets - Basel I $136.7 Adjustments from Basel I to Proposed Basel III 4 29.2 Risk-weighted Assets - Proposed Basel III 3 $165.9 Tier 1 Common Equity Ratio Basel I 10.1% Proposed Basel III 3 8.2% ($ in billions) 1. The Tier 1 common equity ratio is a financial measure that is used by regulators, bank management, and investors to assess the capital position of financial services companies. The Tier 1 common equity ratio as calculated for Basel III under the recent notice of proposed rule making is considered non-GAAP, and as such we have presented a reconciliation to the Tier 1 common equity ratio under Basel I that is currently used by regulators. All figures are estimated at the time of the earnings release and subject to revision 2. Primarily relates to the impacts of unrealized AFS gains, accrued pension liabilities and certain disallowed deferred tax assets 3. The proposed Basel III calculations of Tier 1 common equity, risk-weighted assets, and the Tier 1 common equity ratio are based upon the Company's interpretation of the notice of proposed rule making issued by the Federal Reserve in June 2012. The final Basel III ruling by the Federal Reserve is subject to potential changes from the proposed rulemaking, as is the Company's interpretation of the rules 4. The largest differences between the risk-weighted assets as calculated under Basel I and the Basel III proposal for SunTrust relate to the risk-weightings for mortgage, home equity, and CRE loans NOTE: Totals may not foot due to rounding

30 Reconciliation of Efficiency Ratio 1. Adjusted revenue and expenses are provided as they remove certain items that are material and/or potentially non-recurring. Adjusted figures are intended to provide management and investors information on trends that may be more easily compared to other institutions NOTE: Totals may not foot due to rounding 1Q 12 2Q 12 3Q 12 4Q 12 1Q 13 Reported (GAAP) Basis Total Revenue - FTE $2,218 $2,246 $3,843 $2,291 $2,114 Total Noninterest Expense 1,541 1,546 1,726 1,510 1,363 Amortization of Intangibles / Impairment of Goodwill 11 11 17 7 6 Efficiency Ratio 69.5% 68.8% 44.9% 65.9% 64.5% Tangible Efficiency Ratio 69.0% 68.3% 44.5% 65.6% 64.2% Adjusted Basis 1 Reported Revenue $2,218 $2,246 $3,843 $2,291 $2,114 Adjustment Items: Securities Gains 18 14 1,941 1 2 3Q-4Q 12 Student / Ginnie Mae Loan Sale (Losses) - - (92) - - FMV and ARS 1 1 6 31 14 Debt and SILC Valuation (22) (2) (47) (23) (24) Fair Value Adjustments (1) 6 5 5 (3) Adjusted Revenue $2,223 $2,226 $2,030 $2,276 $2,125 Reported Noninterest Expense $1,541 $1,546 $1,726 $1,510 $1,363 Adjustment Items: Affordable Housing Writedown - - 96 - - Charitable Contribution of KO Shares - - 38 - - Real Estate Charge - - 17 - - Goodwill Impairment - - 7 - - Loss on Debt Extinguishment - 13 2 - - Severance 10 1 29 - - Adjusted Expense $1,531 $1,532 $1,537 $1,510 $1,363 Efficiency Ratio - Adjusted Basis 68.9% 68.8% 75.7% 66.3% 64.1% Tangible Efficiency Ratio - Adjusted Basis 68.4% 68.3% 75.2% 66.0% 63.8% ($ in millions)

31 Reconciliation of Non GAAP Measures Mar 31 Jun 30 Sep 30 Dec 31 Mar 31 2012 2012 2012 2012 2013 Total shareholders' equity $20.2 $20.6 $20.4 $21.0 $21.2 Goodwill, net of deferred taxes (6.2) (6.2) (6.2) (6.2) (6.2) Other intangible assets including MSRs, net of deferred taxes (1.1) (0.9) (0.9) (0.9) (1.1) MSRs 1.1 0.9 0.8 0.9 1.0 Tangible equity 14.0 14.3 14.1 14.7 14.9 Preferred stock (0.3) (0.3) (0.3) (0.7) (0.7) Tangible common equity $13.7 $14.0 $13.9 $14.0 $14.2 Total assets $178.2 $178.3 $173.2 $173.4 $172.4 Goodwill (6.3) (6.4) (6.4) (6.4) (6.4) Other intangible assets including MSRs (1.2) (0.9) (0.9) (1.0) (1.1) MSRs 1.1 0.9 0.8 0.9 1.0 Tangible assets $171.8 $171.8 $166.7 $167.0 $166.0 Tangible equity to tangible assets 8.14% 8.31% 8.48% 8.82% 9.00% Tangible common equity to tangible assets 7.98% 8.15% 8.31% 8.38% 8.57% Tangible book value per common share $25.49 $26.02 $25.72 $25.98 $26.33 NOTE: Totals may not foot due to rounding ($ in billions, except per share data)