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): July 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 July 19, 2013, SunTrust Banks, Inc. (the “Registrant”) announced financial results for the period ended June 30, 2013. A copy of the news release announcing such results is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The Registrant intends to hold an investor call and webcast to discuss these results on July 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 July 19, 2013 (furnished with the Commission as a part of this Form 8-K).
99.2	Presentation materials dated July 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:	July 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

July 19, 2013

SunTrust Reports Second Quarter2013 Results

Earnings Improvement Continued; Earnings Per Share of $0.68, Up 36% From Last Year

ATLANTA -- SunTrust Banks, Inc. (NYSE: STI) today reported net income available to common shareholders of $365 million, or $0.68 per average common diluted share, for the second quarter of 2013. This compares to earnings per share of $0.63 in the prior quarter and $0.50 per share in the second quarter of 2012. For the first half of 2013, earnings per diluted share was $1.31, or 36% higher than the first half of 2012.

"Earnings growth was driven most notably by the ongoing improvement in credit quality, in addition to a ten percent decrease in noninterest expense from last year," said William H. Rogers, Jr., chairman and chief executive officer of SunTrust Banks, Inc.  “Improving economic conditions are now starting to create a more favorable operating environment, particularly in our markets, and we remain focused on executing against our strategic priorities to help generate future opportunities for SunTrust.” 

Second Quarter2013 Financial Highlights

Income Statement

• Net income available to common shareholders was $365 million, or $0.68 per average common diluted share, up 8% compared to the prior quarter and 36% compared to the second quarter of last year.

• Lower earning asset yields resulted in declines in net interest income of 1% compared to the prior quarter and 5% compared to the second quarter of last year, as well as net interest margin compression of 8 basis points and 14 basis points, respectively.

• Noninterest income decreased slightly compared to the prior quarter due to lower mortgage-related revenue, which was almost entirely offset by broad-based increases in other noninterest income categories, including investment banking income and wealth management-related fees.

• Noninterest expense increased 2% compared to the prior quarter primarily due to an increase in certain cyclically high costs, while core operating expenses declined. Noninterest expense decreased 10% compared to the second quarter of last year due to ongoing efficiency initiatives, as well as the abatement of cyclically high costs.

Balance Sheet

• Average loans were up modestly compared to the prior quarter, and the ongoing diversification of the loan portfolio continued, with increases in C&I and commercial real estate loans. Average loans declined 2% compared to the second quarter of last year, driven by the sales of government guaranteed student and residential loans, which were partially offset by targeted growth in C&I loans.

1

• Average client deposits declined 1% on a sequential quarter basis but increased 1% compared to the second quarter of last year. The decline from the prior quarter was driven by decreases in money market and time deposit account balances. The increase compared to last year was driven by demand deposit and NOW account growth, partially offset by the continued shift out of higher cost time deposits.

Capital

• Estimated capital ratios continued to be well above regulatory requirements. The Tier 1 common equity ratio increased to an estimated 10.15%, up from 10.13% at March 31.

• During the quarter, the Company repurchased $50 million of its common shares in conjunction with its capital plans announced last quarter. Additionally, the Company paid a $0.10 per share common stock dividend, up $0.05 per share from the first quarter.

Asset Quality

• The risk profile of the balance sheet continued to improve. Nonperforming loans decreased 22% during the quarter and were 0.94% of total loans at June 30, 2013, compared to 1.21%last quarter and1.97% for the second quarter of last year.

• Annualized net charge-offs decreased to 0.59% of average loans compared to 0.76% and 1.14% in the prior quarter and the second quarter of last year, respectively.

• Current quarter nonperforming loans and net charge-offs were at their lowest levels in over five years.

• The provision for credit losses declined 31% compared to the prior quarter and 51% compared to the second quarter of last year.

Income Statement (presented on a fully taxable-equivalent basis)	2Q 2012			1Q 2013			2Q 2013
(Dollars in millions, except per share data)
Net income available to common shareholders	$270			$340			$365
Earnings per average common diluted share	0.50			0.63			0.68
Total revenue	2,246			2,114			2,100
Total revenue, excluding net securities gains/losses	2,232			2,112			2,100
Net interest income	1,306			1,251			1,242
Provision for credit losses	300			212			146
Noninterest income	940			863			858
Noninterest expense	1,546			1,363			1,397
Net interest margin	3.39		%	3.33		%	3.25		%
Balance Sheet
(Dollars in billions)
Average loans		$123.4			$120.9			$121.4
Average consumer and commercial deposits	125.9			127.7			126.6
Capital
Tier 1 capital ratio(1)	10.15		%	11.20		%	11.20		%
Tier 1 common equity ratio(1)	9.40		%	10.13		%	10.15		%
Total average shareholders’ equity to total average assets	11.51		%	12.29		%	12.33		%
Asset Quality
Net charge-offs to average loans (annualized)	1.14		%	0.76		%	0.59		%
Allowance for loan losses to period end loans	1.85		%	1.79		%	1.75		%
Nonperforming loans to total loans	1.97		%	1.21		%	0.94		%

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

2

Consolidated Financial Performance Details

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

Revenue

Total revenue was $2.1 billion for the second quarter, a decrease of $14 million, or 1%, compared to the prior quarter. The decline was primarily driven by lower mortgage-related and net interest income, partially offset by broad-based increases in other noninterest income categories, particularly investment banking and wealth management-related revenue. Total revenue compared to the second quarter of last year decreased $146 million, or 7%, due primarily to lower net interest income, mortgage-related revenue, and trading income, which were partially offset by a reduction in the mortgage repurchase provision.

For the six months endedJune 30, 2013, total revenue, excluding securities gains, was $4.2 billion, down 5% compared to the first six months of 2012. The decline was driven by the same factors described in the year-over-year comparison above.

Net Interest Income

Net interest income was $1.2 billion for the current quarter, a decrease of $9 million from the prior quarter due to lower commercial loan-related swap income, partially offset by one additional day in the current quarter and higher average earning asset balances. Net interest income decreased $64 million compared to the second quarter of last year. The decline was driven by lower earning asset yields, a decrease in commercial loan-related swap income, and the foregone dividend income related to the third quarter of 2012 accelerated termination of the agreements regarding the shares formerly owned in The Coca-Cola Company. Partially offsetting these declines in interest income was lower interest expense due to decreases in deposit rates, a reduction in long-term debt, and a favorable deposit mix shift.

As anticipated, the net interest margin for the second quarter decreased to 3.25%, an 8 and 14 basis point decline from the prior quarter and the second quarter of last year, respectively. Earning asset yields declined 9 basis points on a sequential quarter basis as a result of the continued low interest rate environment and the impact of the decline in commercial loan swap income. The decrease in earning asset yields was partially offset by a 2 basis points reduction in interest-bearing liability costs due to a modest decrease in deposit rates. The net interest margin decline from the second quarter of last year was primarily due to a 30 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 67 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. Partially offsetting the declines in earning asset yields was a 26 basis point reduction in rates paid on interest-bearing liabilities, primarily related to time deposits and long-term debt.

For the six months endedJune 30, 2013, net interest income was $2.5 billion, a decrease of $155 million, or 6%, compared to the first half of 2012. The net interest margin was 3.29% in 2013 compared to 3.44% in 2012. The primary drivers of the decreases in net interest income and net interest margin are consistent with those described in the quarterly comparisons above.

Noninterest Income

Total noninterest income was $858 million for the current quarter compared to $863 million for the prior quarter and $940 million for the second quarter of last year. On a sequential quarter basis, the $5 million decrease was due to lower mortgage-related income, which was adversely impacted by the increase in interest rates during the current quarter, but was almost entirely offset by broad-based increases in other noninterest income categories. Compared to the second quarter of last year, the $82 million decrease was primarily driven by declines in mortgage-related income, trading income, and securities gains, which were partially offset by a reduction in the mortgage repurchase provision.

3

Mortgage production income for the current quarter was $133 million compared to $159 million for the prior quarter and $103 million for the second quarter of last year. The $26 million sequential quarter decrease was primarily driven by declines in gain on sale revenue, coincident with the sharp increase in mortgage interest rates in late May and through June. Closed mortgage production volume was $9.1 billion, an increase of 3% compared to the prior quarter, and the mix of purchase volume increased to 34% in the current quarter from 20% in the prior quarter. Compared to the second quarter of last year, mortgage production income increased $30 million due to the decline in the mortgage repurchase provision, which was largely offset by reduced gain on sale margins. At June 30, 2013, the reserve for mortgage repurchases totaled $363 million, a decrease of $150 million from the prior quarter. The pace at which SunTrust and the GSEs are resolving repurchases of older vintage loans continued to increase in the quarter, as evidenced by higher charge-offs and lower pending demands. Additionally, new full file requests increased in the quarter while new demands declined.

Mortgage servicing income was $1 million for the current quarter compared to $38 million for the prior quarter and $70 million for the second quarter of last year. The $37 million sequential quarter decrease and the $69 million decline compared to the second quarter of last year were due primarily to reduced net hedging gains. At June 30, 2013, the servicing portfolio was $140 billion compared to $153 billion at June 30, 2012, with the decline driven by the elevated level of refinance volume and the sale of certain loans in the portfolio.

Investment banking income was $93 million for the current quarter compared to $68 million in the prior quarter and $75 million in the second quarter of last year. The sequential quarter and year-over-year increases were due to strong growth in loan syndications and increased high yield bond origination activity.

Trading income was $49 million for the current quarter compared to $42 million for the prior quarter and $70 million for the second quarter of last year. The $7 million sequential quarter increase was due to an $8 million mark-to-market valuation gain on the Company's fair value debt and index-linked CDs in the current quarter compared to a valuation loss of $24 million in the prior quarter. This was partially offset by lower core trading income, which was primarily the result of recent market interest rate volatility. The $21 million decline in trading income compared to the second quarter of last year was largely driven by lower core trading income, partially offset by higher mark-to-market valuation gains on the Company's fair value debt and index-linked CDs in the current quarter.

For the six months endedJune 30, 2013, noninterest income was $1.7 billion compared to $1.8 billion in 2012. The $95 million, or 5%, decrease was primarily driven by lower securities gains, mortgage-related revenue and trading income, partially offset by a lower mortgage repurchase provision.

Noninterest Expense

Noninterest expense was $1.4 billion for the current quarter compared to $1.4 billion for the prior quarter and $1.5 billion for the second quarter of last year. The sequential quarter increase of 2% was primarily due to a specific mortgage-related operating loss and higher collection expenses, partially offset by seasonally lower employee benefits expense. The $149 million, or 10%, decline from the second quarter of last year was reflective of the Company's continued expense reduction initiatives, as well as the abatement of cyclically high costs, most notably other real estate expenses.

Employee compensation and benefits expense was $737 million in the current quarter compared to $759 million for the prior quarter and $762 million for the second quarter of the last year. The sequential quarter decrease of $22 million was largely attributable to seasonally lower 401(k) and payroll taxes in the current quarter, partially offset by an increase in compensation expense due to an incentive accrual adjustment related to 2012 bonus payments that impacted the first quarter of 2013, as well as annual merit increases. The $25 million decrease from the second quarter of last year was primarily due to the reduction in full-time equivalent employees, as well as lower incentive compensation.

Operating losses were $72 million in the current quarter compared to $39 million in the prior quarter and $69 million in the second quarter of last year. The sequential quarter increase was due to a specific mortgage-related legal matter.

Compared to the prior quarter and the second quarter of last year, FDIC insurance expense declined $13 million and $19 million, respectively, due to declines in the Company's assessment rate, reflecting the Company's reduced risk

4

profile. Outside processing and software expenses increased $9 million and $7 million compared to the prior quarter and the second quarter of last year, respectively, primarily due to technology investments.

Other noninterest expense was $191 million compared to $163 million in the prior quarter and $285 million for the second quarter of last year. The $28 million increase from the prior quarter was driven by higher collection costs, due to increased resolution of defaulted mortgages. The $94 million decrease from the second quarter of last year was primarily due to reductions in other real estate, legal, and consulting expenses.

For the six months endedJune 30, 2013, noninterest expense was $2.8 billion compared to $3.1 billion in 2012. The $327 million, or 11%, decrease was due to the continued focus on efficiency initiatives resulting in declines across most expense categories, as well as the abatement of cyclically high costs.

Income Taxes

For the current quarter, the Company recorded an income tax provision of $146 million compared to $151 million for the prior quarter and $91 million for the second quarter of last year. The effective tax rate was 28% for the current quarter compared to 30% for the prior quarter and 25% for the second quarter of last year. The decrease in the effective tax rate from the prior quarter was primarily due to quarterly fluctuations in the forecasted annual effective tax rate, while the effective tax rate increase compared to the second quarter of last year was due to higher pre-tax earnings in the current quarter.

Balance Sheet

At June 30, 2013, the Company had total assets of $172 billion and shareholders’ equity of $21 billion, representing 12% of total assets. Book value and tangible book value per common share decreased slightly compared to March 31, 2013, and were $37.65 and $26.08, respectively. The decreases were primarily attributable to the decline in accumulated other comprehensive income, due to lower unrealized gains in the securities portfolio as a result of the recent increase in market interest rates.

Loans

Average performing loans were $120 billion for the current quarter, an increase of $0.6 billion, or 1%, from the prior quarter driven by growth in C&I and commercial real estate loans, partially offset by a decrease in government guaranteed residential mortgage loans. Average performing loans decreased $0.8 billion, or 1%, compared to the second quarter of last year. The decline was due to government guaranteed student and mortgage loans, which decreased $1.9 billion and $2.1 billion, respectively, due to sales during 2012. Home equity loans also decreased $0.7 billion due to continued loan payoffs. Partially offsetting these declines were increases in C&I loans of $3.7 billion, or 7%, and consumer indirect loans of $0.8 billion, or 8%.

Securities Available for Sale

The securities available for sale portfolio for the current quarter averaged $23.8 billion, an increase of $0.5 billion from the prior quarter and a decrease of $2.3 billion from the second quarter of last year. The increase compared to the prior quarter was primarily the result of increased holdings of mortgage-backed and U.S. Treasury and government agency securities. The investment portfolio declined from the second quarter of last year due to the The Coca-Cola Company stock transaction executed in the third quarter of 2012, as well as reduced holdings of government agency mortgage-backed securities and asset-backed securities, partially offset by increased holdings of U.S. Treasury and government agency securities.

Deposits

Average consumer and commercial deposits for the current quarter were $126.6 billion compared to $127.7 billion for the prior quarter and $125.9 billion for the second quarter of last year. The decrease during the current quarter was driven by declines of $1.1 billion, or 3%, in money market deposits, $0.5 billion, or 3%, in time deposits, and $0.4 billion, or 1%, in NOW accounts. These decreases were predominantly offset by increases of $0.6 billion, or 2%, in demand deposits and $0.3 billion, or 5%, in savings accounts. The $0.7 billion, or 1%, increase compared to the second

5

quarter of last year was driven by lower-cost deposit growth, as average demand deposits increased $2.1 billion, or 6%, NOW accounts increased $1.1 billion, or 4%, and savings accounts increased $0.6 billion, or 12%. The growth in these categories was partially offset by a decrease of $3.0 billion, or 17%, in higher-cost time deposits.

Capital and Liquidity

The Company’s estimated capital ratios are well above current regulatory requirements with Tier 1 capital and Tier 1 common ratios remaining relatively stable at an estimated 11.20% and 10.15%, respectively, at June 30, 2013. The ratios of total average equity to total average assets and tangible equity to tangible assets were 12.33% and 8.95%, respectively, at June 30, 2013, both stable to the prior quarter and higher than the second quarter of last year. The Company continues to have substantial available liquidity provided in the form of its client deposit base, other available funding resources, its portfolio of high-quality government-backed securities, and cash.

During the first quarter, the Company announced capital plans in conjunction with the 2013 CCAR submission and the completion of the Federal Reserve's review of the Company's capital plan. Pursuant to the capital plan, during the second quarter the Company declared a common stock dividend of $0.10 per common share, up $0.05 per share from the prior quarter and second quarter of last year. Additionally, during the second quarter the Company repurchased $50 million of common stock, with plans to repurchase up to an additional $150 million of common stock by the end of the first quarter of 2014.

Asset Quality

Asset quality continued to steadily improve during the quarter, including further decreases in nonperforming loans and nonperforming assets, both of which reached their lowest levels since the third quarter of 2007. Nonperforming loans totaled $1.1 billion at June 30, 2013, down $326 million, or 22%, relative to the prior quarter, led by declines in residential mortgages and home equity loans. Contributing to the sequential quarter decline was the return of certain loans to performing status that had been previously discharged from Chapter 7 bankruptcy. During the fourth quarter of 2012, $232 million of such loans were transferred to nonperforming status to be consistent with recent regulatory guidance. Since that time, $220 million of these loans have been current on their payments for six months and, as such, were reclassified back to accruing status during the quarter. Compared to a year ago, nonperforming loans decreased $1.3 billion, or 54%, with reductions across all loan categories, most significantly residential mortgages, commercial real estate, C&I, and commercial construction. At June 30, 2013, the percentage of nonperforming loans to total loans was 0.94%, down from 1.21% and 1.97% at the end of the prior quarter and second quarter of last year, respectively. Other real estate owned totaled $198 million at the end of the current quarter, down 11% from the prior quarter and down 40% from a year ago.

Net charge-offs were $179 million during the current quarter compared to $226 million for the prior quarter and $350 million for the second quarter of last year. The decreases in net charge-offs from the prior quarter and second quarter of last year were driven primarily by lower residential loan charge-offs.

The ratio of annualized net charge-offs to total average loans was 0.59% for the current quarter, 0.76% for the prior quarter, and 1.14% for the second quarter of last year. Net charge-offs in the current quarter were at the lowest level since the fourth quarter of 2007. The provision for credit losses was $146 million, which decreased $66 million and $154 million from the prior quarter and the second quarter of last year, respectively.

At June 30, 2013, the allowance for loan losses was $2.1 billion and represented 1.75% of total loans, down 4 basis points from March 31, 2013. Excluding government guaranteed loans, the allowance for loan losses was 1.89% of total loans. The $27 million decrease in the allowance for loan losses during the current quarter was reflective of the continued improvement in asset quality.

Early stage delinquencies decreased seven basis points from the prior quarter to 0.71% at June 30, 2013. The decrease was primarily due to residential loans. Excluding government-guaranteed loans, early stage delinquencies were 0.40%, a decrease of one basis point from March 31, 2013.

Accruing restructured loans totaled $2.8 billion, and nonaccruing restructured loans totaled $0.4 billion at June 30, 2013. $2.9 billion of restructured loans related to residential loans, $0.2 billion were commercial loans, and $0.1

6

billion related to consumer loans. Accruing restructured loans increased $282 million during the quarter, primarily due to the aforementioned transfer of $220 million of nonperforming Chapter 7 bankruptcy loans to accruing status with a corresponding decrease in nonaccruing restructured loans.

BUSINESS SEGMENT FINANCIAL PERFORMANCE

Business Segment Results

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

Corresponding Financial Tables and Information

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

Conference Call

SunTrust management will host a conference call on July 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: 2Q13). Individuals calling from outside the United States should dial 1-517-308-9091 (Passcode: 2Q13). A replay of the call will be available approximately one hour after the call ends on July 19, 2013, and will remain available until August 19, 2013, by dialing 1-888-566-0036 (domestic) or 1-402-998-0580 (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 July 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

7

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 future 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,” “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 June 30						%		Six Months Ended June 30						%
	2013			2012			Change		2013			2012			Change
EARNINGS & DIVIDENDS
Net income		$377			$275		37	%		$729			$525		39	%
Net income available to common shareholders	365			270			35		705			515			37
Total revenue - FTE 1, 2	2,100			2,246			(7	)	4,214			4,464			(6	)
Total revenue - FTE excluding securities gains, net 1, 2	2,100			2,232			(6	)	4,212			4,432			(5	)
Net income per average common share
Diluted	0.68			0.50			36		1.31			0.96			36
Basic	0.68			0.51			33		1.32			0.97			36
Dividends paid per common share	0.10			0.05			100		0.15			0.10			50
CONDENSED BALANCE SHEETS
Selected Average Balances
Total assets		$172,537			$177,915		(3	)%		$172,175			$177,385		(3	)%
Earning assets	153,495			154,890			(1	)	152,986			154,757			(1	)
Loans	121,372			123,365			(2	)	121,128			122,954			(1	)
Consumer and commercial deposits	126,579			125,885			1		127,114			125,864			1
Brokered time and foreign deposits	2,075			2,243			(7	)	2,122			2,258			(6	)
Total shareholders’ equity	21,272			20,472			4		21,195			20,364			4
As of
Total assets	171,546			178,257			(4	)
Earning assets	154,430			153,939			—
Loans	122,031			124,560			(2	)
Allowance for loan and lease losses	2,125			2,300			(8	)
Consumer and commercial deposits	125,588			126,145			—
Brokered time and foreign deposits	2,031			2,258			(10	)
Total shareholders’ equity	21,007			20,568			2
FINANCIAL RATIOS & OTHER DATA
Return on average total assets	0.88		%	0.62		%	42	%	0.85		%	0.59		%	44	%
Return on average common shareholders’ equity	7.12			5.37			33		6.95			5.16			35
Net interest margin 2	3.25			3.39			(4	)	3.29			3.44			(4	)
Efficiency ratio 2	66.56			68.83			(3	)	65.50			69.17			(5	)
Tangible efficiency ratio 1, 2	66.27			68.33			(3	)	65.21			68.67			(5	)
Effective tax rate	27.89			24.85			12		28.95			23.31			24
Tier 1 common equity 3	10.15			9.40			8
Tier 1 capital 3	11.20			10.15			10
Total capital 3	13.40			12.84			4
Tier 1 leverage 3	9.40			8.15			15
Total average shareholders’ equity to total average assets	12.33			11.51			7		12.31			11.48			7
Tangible equity to tangible assets 1	8.95			8.31			8
Book value per common share		$37.65			$37.69		—
Tangible book value per common share 1	26.08			26.02			—
Market price:
High	32.84			24.83			32		32.84			24.93			32
Low	26.97			20.96			29		26.93			18.07			49
Close	31.57			24.23			30		31.57			24.23			30
Market capitalization	17,005			13,045			30
Average common shares outstanding (000s)
Diluted	539,763			537,495			—		539,812			536,951			1
Basic	535,172			533,964			—		535,425			533,532			—
Full-time equivalent employees	26,199			28,324			(8	)
Number of ATMs	2,874			2,906			(1	)
Full service banking offices	1,539			1,641			(6	)

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.

9

SunTrust Banks, Inc. and Subsidiaries

FIVE QUARTER FINANCIAL HIGHLIGHTS

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

	Three Months Ended
	June 30			March 31			December 31			September 30			June 30
	2013			2013			2012			2012			2012
EARNINGS & DIVIDENDS
Net income		$377			$352			$356			$1,077			$275
Net income available to common shareholders	365			340			350			1,066			270
Total revenue - FTE 1, 2	2,100			2,114			2,291			3,843			2,246
Total revenue - FTE excluding securities gains, net 1, 2	2,100			2,112			2,290			1,902			2,232
Net income per average common share
Diluted	0.68			0.63			0.65			1.98			0.50
Basic	0.68			0.64			0.66			1.99			0.51
Dividends paid per common share	0.10			0.05			0.05			0.05			0.05
CONDENSED BALANCE SHEETS
Selected Average Balances
Total assets		$172,537			$171,808			$174,510			$175,282			$177,915
Earning assets	153,495			152,471			151,225			153,207			154,890
Loans	121,372			120,882			121,587			124,080			123,365
Consumer and commercial deposits	126,579			127,655			127,907			125,353			125,885
Brokered time and foreign deposits	2,075			2,170			2,266			2,237			2,243
Total shareholders’ equity	21,272			21,117			20,630			20,619			20,472
As of
Total assets	171,546			172,435			173,442			173,181			178,257
Earning assets	154,430			152,783			151,223			152,472			153,939
Loans	122,031			120,804			121,470			121,817			124,560
Allowance for loan and lease losses	2,125			2,152			2,174			2,239			2,300
Consumer and commercial deposits	125,588			127,735			130,180			124,898			126,145
Brokered time and foreign deposits	2,031			2,180			2,136			2,328			2,258
Total shareholders’ equity	21,007			21,194			20,985			20,399			20,568
FINANCIAL RATIOS & OTHER DATA
Return on average total assets	0.88		%	0.83		%	0.81		%	2.45		%	0.62		%
Return on average common shareholders’ equity	7.12			6.77			6.86			20.84			5.37
Net interest margin 2	3.25			3.33			3.36			3.38			3.39
Efficiency ratio 2	66.56			64.46			65.93			44.90			68.83
Tangible efficiency ratio 1, 2	66.27			64.17			65.63			44.47			68.33
Effective tax rate	27.89			30.04			14.86			33.82			24.85
Tier 1 common equity 3	10.15			10.13			10.04			9.82			9.40
Tier 1 capital 3	11.20			11.20			11.13			10.57			10.15
Total capital 3	13.40			13.45			13.48			12.95			12.84
Tier 1 leverage 3	9.40			9.26			8.91			8.49			8.15
Total average shareholders’ equity to total average assets	12.33			12.29			11.82			11.76			11.51
Tangible equity to tangible assets 1	8.95			9.00			8.82			8.48			8.31
Book value per common share		$37.65			$37.89			$37.59			$37.35			$37.69
Tangible book value per common share 1	26.08			26.33			25.98			25.72			26.02
Market price:
High	32.84			29.98			30.64			30.79			24.83
Low	26.97			26.93			25.30			22.34			20.96
Close	31.57			28.81			28.35			28.27			24.23
Market capitalization	17,005			15,563			15,279			15,232			13,045
Average common shares outstanding (000s)
Diluted	539,763			539,862			539,618			538,699			537,495
Basic	535,172			535,680			535,012			534,506			533,964
Full-time equivalent employees	26,199			26,238			26,778			28,000			28,324
Number of ATMs	2,874			2,882			2,923			2,914			2,906
Full service banking offices	1,539			1,574			1,616			1,633			1,641

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)					Six Months Ended				Increase/(Decrease)
	June 30									June 30
	2013		2012		Amount			%		2013		2012		Amount			%
Interest income		$1,347		$1,492		($145	)	(10	)%		$2,706		$3,026		($320	)	(11	)%
Interest expense	136		218		(82		)	(38	)	274		441		(167		)	(38	)
NET INTEREST INCOME	1,211		1,274		(63		)	(5	)	2,432		2,585		(153		)	(6	)
Provision for credit losses	146		300		(154		)	(51	)	358		617		(259		)	(42	)
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	1,065		974		91			9		2,074		1,968		106			5
NONINTEREST INCOME
Service charges on deposit accounts	164		167		(3		)	(2	)	324		332		(8		)	(2	)
Trust and investment management income	130		130		—			—		254		260		(6		)	(2	)
Retail investment services	69		62		7			11		130		120		10			8
Other charges and fees	97		111		(14		)	(13	)	186		208		(22		)	(11	)
Investment banking income	93		75		18			24		161		147		14			10
Trading income	49		70		(21		)	(30	)	91		127		(36		)	(28	)
Card fees 1	78		85		(7		)	(8	)	154		164		(10		)	(6	)
Mortgage production related income	133		103		30			29		292		166		126			76
Mortgage servicing related income	1		70		(69		)	(99	)	39		151		(112		)	(74	)
Other noninterest income	44		53		(9		)	(17	)	88		109		(21		)	(19	)
Net securities gains	—		14		(14		)	(100	)	2		32		(30		)	(94	)
Total noninterest income	858		940		(82		)	(9	)	1,721		1,816		(95		)	(5	)
NONINTEREST EXPENSE
Employee compensation and benefits	737		762		(25		)	(3	)	1,496		1,560		(64		)	(4	)
Net occupancy expense	86		88		(2		)	(2	)	175		176		(1		)	(1	)
Outside processing and software	187		180		7			4		365		356		9			3
Equipment expense	46		46		—			—		91		91		—			—
Marketing and customer development	31		32		(1		)	(3	)	61		59		2			3
Amortization of intangible assets	6		11		(5		)	(45	)	12		22		(10		)	(45	)
Net loss on extinguishment of debt	—		13		(13		)	(100	)	—		13		(13		)	(100	)
Operating losses	72		69		3			4		111		129		(18		)	(14	)
FDIC premium/regulatory exams	41		60		(19		)	(32	)	95		111		(16		)	(14	)
Other noninterest expense	191		285		(94		)	(33	)	354		570		(216		)	(38	)
Total noninterest expense	1,397		1,546		(149		)	(10	)	2,760		3,087		(327		)	(11	)
INCOME BEFORE PROVISION FOR INCOME TAXES	526		368		158			43		1,035		697		338			48
Provision for income taxes	146		91		55			60		297		160		137			86
INCOME INCLUDING INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	380		277		103			37		738		537		201			37
Net income attributable to noncontrolling interest	3		2		1			50		9		12		(3		)	(25	)
NET INCOME		$377		$275		$102		37	%		$729		$525		$204		39	%
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS		$365		$270		$95		35	%		$705		$515		$190		37	%
Net interest income - FTE 2	1,242		1,306		(64		)	(5	)	2,493		2,648		(155		)	(6	)
Net income per average common share
Diluted	0.68		0.50		0.18			36		1.31		0.96		0.35			36
Basic	0.68		0.51		0.17			33		1.32		0.97		0.35			36
Cash dividends paid per common share	0.10		0.05		0.05			100		0.15		0.10		0.05			50
Average common shares outstanding (000s)
Diluted	539,763		537,495		2,268			—		539,812		536,951		2,861			1
Basic	535,172		533,964		1,208			—		535,425		533,532		1,893			—

¹ PIN interchange fees are presented in card fees along with other interchange fee income for the three and six months ended June 30, 2013. Previously, these PIN interchange fees were presented in other charges and fees and therefore, for comparative purposes, $19 million and $37 million of PIN interchange fees have been reclassified to card fees for the three and six months ended June 30, 2012, respectively.

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

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
	June 30		March 31		Increase/(Decrease)					December 31		September 30			June 30
	2013		2013		Amount			%		2012		2012			2012
Interest income		$1,347		$1,359		($12	)	(1	)%		$1,396		$1,445			$1,492
Interest expense	136		138		(2		)	(1	)	150		174			218
NET INTEREST INCOME	1,211		1,221		(10		)	(1	)	1,246		1,271			1,274
Provision for credit losses	146		212		(66		)	(31	)	328		450			300
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	1,065		1,009		56			6		918		821			974
NONINTEREST INCOME
Service charges on deposit accounts	164		160		4			3		173		172			167
Trust and investment management income	130		124		6			5		125		127			130
Retail investment services	69		61		8			13		60		60			62
Other charges and fees	97		89		8			9		97		97			111
Investment banking income	93		68		25			37		112		83			75
Trading income	49		42		7			17		65		19			70
Card fees 1	78		76		2			3		78		74			85
Mortgage production related income/(loss)	133		159		(26		)	(16	)	241		(64		)	103
Mortgage servicing related income	1		38		(37		)	(97	)	45		64			70
Other noninterest income/(loss)	44		44		—			—		18		(31		)	53
Net securities gains	—		2		(2		)	(100	)	1		1,941			14
Total noninterest income	858		863		(5		)	(1	)	1,015		2,542			940
NONINTEREST EXPENSE
Employee compensation and benefits	737		759		(22		)	(3	)	738		780			762
Net occupancy expense	86		89		(3		)	(3	)	91		92			88
Outside processing and software	187		178		9			5		183		171			180
Equipment expense	46		45		1			2		48		49			46
Marketing and customer development	31		30		1			3		50		75			32
Amortization of intangible assets	6		6		—			—		7		17			11
Net loss on extinguishment of debt	—		—		—			—		1		2			13
Operating losses	72		39		33			85		77		71			69
FDIC premium/regulatory exams	41		54		(13		)	(24	)	54		67			60
Other noninterest expense	191		163		28			17		261		402			285
Total noninterest expense	1,397		1,363		34			2		1,510		1,726			1,546
INCOME BEFORE PROVISION FOR INCOME TAXES	526		509		17			3		423		1,637			368
Provision for income taxes	146		151		(5		)	(3	)	62		551			91
INCOME INCLUDING INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	380		358		22			6		361		1,086			277
Net income attributable to noncontrolling interest	3		6		(3		)	(50	)	5		9			2
NET INCOME		$377		$352		$25		7	%		$356		$1,077			$275
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS		$365		$340		$25		7	%		$350		$1,066			$270
Net interest income - FTE 2	1,242		1,251		(9		)	(1	)	1,276		1,301			1,306
Net income per average common share
Diluted	0.68		0.63		0.05			8		0.65		1.98			0.50
Basic	0.68		0.64		0.04			6		0.66		1.99			0.51
Cash dividends paid per common share	0.10		0.05		0.05			100		0.05		0.05			0.05
Average common shares outstanding (000s)
Diluted	539,763		539,862		(99		)	—		539,618		538,699			537,495
Basic	535,172		535,680		(508		)	—		535,012		534,506			533,964

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

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

12

SunTrust Banks, Inc. and Subsidiaries

CONSOLIDATED BALANCE SHEETS

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

	June 30						Increase/(Decrease)
	2013			2012			Amount			%2
ASSETS
Cash and due from banks		$3,027			$5,781			($2,754	)	(48	)%
Federal funds sold and securities borrowed or purchased under agreements to resell	1,111			937			174			19
Interest-bearing deposits in other banks	21			21			—			—
Trading assets	5,824			6,327			(503		)	(8	)
Securities available for sale	23,389			24,409			(1,020		)	(4	)
Loans held for sale	3,647			3,123			524			17
Loans held for investment:
Commercial and industrial	55,070			52,030			3,040			6
Commercial real estate	4,308			4,825			(517		)	(11	)
Commercial construction	667			959			(292		)	(30	)
Residential mortgages - guaranteed	3,622			5,663			(2,041		)	(36	)
Residential mortgages - nonguaranteed	23,341			24,405			(1,064		)	(4	)
Residential home equity products	14,682			15,281			(599		)	(4	)
Residential construction	635			853			(218		)	(26	)
Consumer student loans - guaranteed	5,431			7,248			(1,817		)	(25	)
Consumer other direct	2,483			2,225			258			12
Consumer indirect	11,151			10,506			645			6
Consumer credit cards	641			565			76			13
Total loans held for investment	122,031			124,560			(2,529		)	(2	)
Allowance for loan and lease losses	(2,125		)	(2,300		)	(175		)	(8	)
Net loans held for investment	119,906			122,260			(2,354		)	(2	)
Goodwill	6,369			6,376			(7		)	—
Other intangible assets	1,244			939			305			32
Other real estate owned	198			331			(133		)	(40	)
Other assets	6,810			7,753			(943		)	(12	)
Total assets1		$171,546			$178,257			($6,711	)	(4	)%
LIABILITIES
Deposits:
Noninterest-bearing consumer and commercial deposits		$37,999			$37,394			$605		2	%
Interest-bearing consumer and commercial deposits:
NOW accounts	26,106			25,229			877			3
Money market accounts	41,684			41,740			(56		)	—
Savings	5,819			5,191			628			12
Consumer time	9,050			10,581			(1,531		)	(14	)
Other time	4,930			6,010			(1,080		)	(18	)
Total consumer and commercial deposits	125,588			126,145			(557		)	—
Brokered time deposits	2,006			2,208			(202		)	(9	)
Foreign deposits	25			50			(25		)	(50	)
Total deposits	127,619			128,403			(784		)	(1	)
Funds purchased	420			847			(427		)	(50	)
Securities sold under agreements to repurchase	1,869			1,583			286			18
Other short-term borrowings	5,825			7,098			(1,273		)	(18	)
Long-term debt	9,818			13,076			(3,258		)	(25	)
Trading liabilities	1,176			1,782			(606		)	(34	)
Other liabilities	3,812			4,900			(1,088		)	(22	)
Total liabilities	150,539			157,689			(7,150		)	(5	)
SHAREHOLDERS' EQUITY
Preferred stock, no par value	725			275			450			NM
Common stock, $1.00 par value	550			550			—			—
Additional paid in capital	9,126			9,218			(92		)	(1	)
Retained earnings	11,447			9,443			2,004			21
Treasury stock, at cost, and other	(558		)	(661		)	(103		)	(16	)
Accumulated other comprehensive (loss)/income	(283		)	1,743			(2,026		)	NM
Total shareholders' equity	21,007			20,568			439			2
Total liabilities and shareholders' equity		$171,546			$178,257			($6,711	)	(4	)%
Common shares outstanding	538,653			538,398			255			—	%
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	11,268			11,522			(254		)	(2	)

¹ Includes earning assets of $154,430 and $153,939 at June 30, 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)

	June 30			March 31			Increase/(Decrease)					December 31			September 30			June 30
	2013			2013			Amount			%2		2012			2012			2012
ASSETS
Cash and due from banks		$3,027			$4,787			($1,760	)	(37	)%		$7,134			$4,655			$5,781
Federal funds sold and securities borrowed or purchased under agreements to resell	1,111			1,154			(43		)	(4	)	1,101			930			937
Interest-bearing deposits in other banks	21			21			—			—		22			22			21
Trading assets	5,824			6,250			(426		)	(7	)	6,049			6,381			6,327
Securities available for sale	23,389			23,823			(434		)	(2	)	21,953			21,467			24,409
Loans held for sale	3,647			3,193			454			14		3,399			5,205			3,123
Loans held for investment:
Commercial and industrial	55,070			54,343			727			1		54,048			52,407			52,030
Commercial real estate	4,308			4,261			47			1		4,127			4,491			4,825
Commercial construction	667			634			33			5		713			808			959
Residential mortgages - guaranteed	3,622			3,930			(308		)	(8	)	4,252			4,823			5,663
Residential mortgages - nonguaranteed	23,341			23,051			290			1		23,389			23,925			24,405
Residential home equity products	14,682			14,617			65			—		14,805			15,019			15,281
Residential construction	635			683			(48		)	(7	)	753			805			853
Consumer student loans - guaranteed	5,431			5,275			156			3		5,357			5,823			7,248
Consumer other direct	2,483			2,387			96			4		2,396			2,341			2,225
Consumer indirect	11,151			11,009			142			1		10,998			10,781			10,506
Consumer credit cards	641			614			27			4		632			594			565
Total loans held for investment	122,031			120,804			1,227			1		121,470			121,817			124,560
Allowance for loan and lease losses	(2,125		)	(2,152		)	(27		)	(1	)	(2,174		)	(2,239		)	(2,300		)
Net loans held for investment	119,906			118,652			1,254			1		119,296			119,578			122,260
Goodwill	6,369			6,369			—			—		6,369			6,369			6,376
Other intangible assets	1,244			1,076			168			16		956			896			939
Other real estate owned	198			224			(26		)	(12	)	264			304			331
Other assets	6,810			6,886			(76		)	(1	)	6,899			7,374			7,753
Total assets1		$171,546			$172,435			($889	)	(1	)%		$173,442			$173,181			$178,257
LIABILITIES
Deposits:
Noninterest-bearing consumer and commercial deposits		$37,999			$38,593			($594	)	(2	)%		$39,481			$37,592			$37,394
Interest-bearing consumer and commercial deposits:
NOW accounts	26,106			26,736			(630		)	(2	)	27,617			25,147			25,229
Money market accounts	41,684			42,231			(547		)	(1	)	42,846			41,395			41,740
Savings	5,819			5,769			50			1		5,314			5,189			5,191
Consumer time	9,050			9,281			(231		)	(2	)	9,569			9,941			10,581
Other time	4,930			5,125			(195		)	(4	)	5,353			5,634			6,010
Total consumer and commercial deposits	125,588			127,735			(2,147		)	(2	)	130,180			124,898			126,145
Brokered time deposits	2,006			2,080			(74		)	(4	)	2,136			2,198			2,208
Foreign deposits	25			100			(75		)	(75	)	—			130			50
Total deposits	127,619			129,915			(2,296		)	(2	)	132,316			127,226			128,403
Funds purchased	420			605			(185		)	(31	)	617			680			847
Securities sold under agreements to repurchase	1,869			1,854			15			1		1,574			1,630			1,583
Other short-term borrowings	5,825			4,169			1,656			40		3,303			6,511			7,098
Long-term debt	9,818			9,331			487			5		9,357			10,765			13,076
Trading liabilities	1,176			1,348			(172		)	(13	)	1,161			1,458			1,782
Other liabilities	3,812			4,019			(207		)	(5	)	4,129			4,512			4,900
Total liabilities	150,539			151,241			(702		)	—		152,457			152,782			157,689
SHAREHOLDERS’ EQUITY
Preferred stock, no par value	725			725			—			—		725			275			275
Common stock, $1.00 par value	550			550			—			—		550			550			550
Additional paid in capital	9,126			9,132			(6		)	—		9,174			9,195			9,218
Retained earnings	11,447			11,133			314			3		10,817			10,491			9,443
Treasury stock, at cost, and other	(558		)	(531		)	27			5		(590		)	(616		)	(661		)
Accumulated other comprehensive (loss)/income	(283		)	185			(468		)	NM		309			504			1,743
Total shareholders’ equity	21,007			21,194			(187		)	(1	)	20,985			20,399			20,568
Total liabilities and shareholders’ equity		$171,546			$172,435			($889	)	(1	)%		$173,442			$173,181			$178,257
Common shares outstanding	538,653			540,187			(1,534		)	—	%	538,959			538,821			538,398
Common shares authorized	750,000			750,000			—			—		750,000			750,000			750,000
Preferred shares outstanding	7			7			—			—		7			3			3
Preferred shares authorized	50,000			50,000			—			—		50,000			50,000			50,000
Treasury shares of common stock	11,268			9,734			1,534			16		10,962			11,100			11,522

¹ Includes earning assets of $154,430, $152,783, $151,223, $152,472, and $153,939 at June 30, 2013, March 31, 2013, December 31, 2012, September 30, 2012, and June 30, 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
	June 30, 2013							March 31, 2013							Sequential Quarter					Prior Year Quarter
	Average Balances			Interest Income/ Expense		Yields/ Rates		Average Balances			Interest Income/ Expense		Yields/ Rates		Average Balances			Yields/ Rates		Average Balances			Yields/ Rates
ASSETS
Loans:
Commercial and industrial - FTE 1		$54,490			$544	4.01	%		$53,763			$556	4.20	%		$727		(0.19	)	$3,692			(0.57	)
Commercial real estate	4,262			35		3.27		4,092			35		3.50		170			(0.23	)	(320		)	(0.38	)
Commercial construction	628			5		3.47		663			6		3.75		(35		)	(0.28	)	(234		)	(0.38	)
Residential mortgages - guaranteed	3,768			27		2.86		4,079			27		2.62		(311		)	0.24		(2,085		)	(0.33	)
Residential mortgages - nonguaranteed	22,470			242		4.30		22,386			238		4.25		84			0.05		(237		)	(0.29	)
Home equity products	14,358			131		3.65		14,363			129		3.64		(5		)	0.01		(708		)	(0.04	)
Residential construction	559			8		5.46		615			7		4.61		(56		)	0.85		(148		)	0.35
Guaranteed student loans	5,339			50		3.78		5,397			52		3.92		(58		)	(0.14	)	(1,856		)	(0.06	)
Other direct	2,434			27		4.41		2,398			26		4.43		36			(0.02	)	248			0.04
Indirect	11,073			94		3.41		10,996			96		3.53		77			(0.12	)	785			(0.47	)
Credit cards	617			15		9.80		617			15		9.52		—			0.28		80			(0.55	)
Nonaccrual	1,374			9		2.76		1,513			11		2.91		(139		)	(0.15	)	(1,210		)	1.76
Total loans	121,372			1,187		3.92		120,882			1,198		4.02		490			(0.10	)	(1,993		)	(0.30	)
Securities available for sale:
Taxable	22,834			141		2.46		22,209			140		2.53		625			(0.07	)	265			(0.67	)
Tax-exempt - FTE 1	263			3		5.18		294			4		5.22		(31		)	(0.04	)	(112		)	(0.14	)
Total securities available for sale	23,097			144		2.49		22,503			144		2.57		594			(0.08	)	153			(0.67	)
Federal funds sold and securities borrowed or purchased under agreements to resell	1,107			—		—		1,092			—		0.04		15			(0.04	)	183			(0.01	)
Loans held for sale	3,540			29		3.26		3,752			31		3.29		(212		)	(0.03	)	188			(0.39	)
Interest-bearing deposits	21			—		0.06		21			—		0.13		—			(0.07	)	(1		)	(0.20	)
Interest earning trading assets	4,358			18		1.60		4,221			16		1.53		137			0.07		75			(0.07	)
Total earning assets	153,495			1,378		3.60		152,471			1,389		3.69		1,024			(0.09	)	(1,395		)	(0.36	)
Allowance for loan and lease losses	(2,143		)					(2,178		)					35					180
Cash and due from banks	4,453							4,462							(9		)			(268		)
Other assets	14,346							14,342							4					(914		)
Noninterest earning trading assets	1,699							1,917							(218		)			(531		)
Unrealized gains on securities available for sale, net	687							794							(107		)			(2,450		)
Total assets		$172,537							$171,808							$729					($5,378	)
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing deposits:
NOW accounts	$26,015				$4	0.06	%		$26,383			$5	0.08	%		($368	)	(0.02	)		$1,058		(0.04	)
Money market accounts	41,850			13		0.13		42,995			15		0.15		(1,145		)	(0.02	)	(100		)	(0.10	)
Savings	5,808			1		0.05		5,527			1		0.06		281			(0.01	)	639			(0.06	)
Consumer time	9,163			26		1.15		9,421			27		1.16		(258		)	(0.01	)	(1,834		)	(0.32	)
Other time	5,036			17		1.34		5,245			18		1.37		(209		)	(0.03	)	(1,157		)	(0.29	)
Total interest-bearing consumer and commercial deposits	87,872			61		0.28		89,571			66		0.30		(1,699		)	(0.02	)	(1,394		)	(0.15	)
Brokered time deposits	2,038			14		2.54		2,087			13		2.61		(49		)	(0.07	)	(173		)	(1.34	)
Foreign deposits	37			—		0.13		83			—		0.15		(46		)	(0.02	)	5			(0.05	)
Total interest-bearing deposits	89,947			75		0.33		91,741			79		0.35		(1,794		)	(0.02	)	(1,562		)	(0.19	)
Funds purchased	657			—		0.10		716			—		0.11		(59		)	(0.01	)	(153		)	(0.01	)
Securities sold under agreements to repurchase	1,879			1		0.13		1,705			1		0.19		174			(0.06	)	233			(0.05	)
Interest-bearing trading liabilities	751			4		2.29		723			4		2.21		28			0.08		—			(0.07	)
Other short-term borrowings	5,422			3		0.24		3,721			3		0.29		1,701			(0.05	)	(1,520		)	(0.03	)
Long-term debt	9,700			53		2.19		9,357			51		2.22		343			(0.03	)	(3,957		)	(0.46	)
Total interest-bearing liabilities	108,356			136		0.50		107,963			138		0.52		393			(0.02	)	(6,959		)	(0.26	)
Noninterest-bearing deposits	38,707							38,084							623					2,088
Other liabilities	3,702							4,048							(346		)			(635		)
Noninterest-bearing trading liabilities	500							596							(96		)			(672		)
Shareholders’ equity	21,272							21,117							155					800
Total liabilities and shareholders’ equity		$172,537							$171,808							$729					($5,378	)
Interest Rate Spread						3.10	%						3.17	%				(0.07	)				(0.10	)
Net Interest Income - FTE 1					$1,242							$1,251
Net Interest Margin 2						3.25	%						3.33	%				(0.08	)				(0.14	)

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
	December 31, 2012							September 30, 2012							June 30, 2012
	Average Balances			Interest Income/ Expense		Yields/ Rates		Average Balances			Interest Income/ Expense		Yields/ Rates		Average Balances			Interest Income/ Expense		Yields/ Rates
ASSETS
Loans:
Commercial and industrial - FTE 1		$52,628			$575	4.34	%		$51,923			$578	4.43	%		$50,798			$578	4.58	%
Commercial real estate	4,228			39		3.66		4,525			41		3.56		4,582			42		3.65
Commercial construction	701			6		3.63		784			7		3.74		862			8		3.85
Residential mortgages - guaranteed	4,606			29		2.49		5,432			37		2.76		5,853			47		3.19
Residential mortgages -nonguaranteed	22,917			248		4.32		22,905			256		4.47		22,707			260		4.59
Home equity products	14,639			135		3.66		14,866			138		3.68		15,066			138		3.69
Residential construction	659			8		5.01		667			9		5.44		707			9		5.11
Guaranteed student loans	5,773			55		3.78		7,183			71		3.92		7,195			69		3.84
Other direct	2,348			25		4.22		2,266			25		4.35		2,186			24		4.37
Indirect	10,883			101		3.70		10,584			102		3.84		10,288			99		3.88
Credit cards	605			14		9.50		577			14		9.87		537			14		10.35
Nonaccrual	1,600			9		2.26		2,368			8		1.37		2,584			6		1.00
Total loans	121,587			1,244		4.07		124,080			1,286		4.12		123,365			1,294		4.22
Securities available for sale:
Taxable	20,290			134		2.64		20,424			140		2.74		22,569			176		3.13
Tax-exempt - FTE 1	328			4		5.27		350			5		5.29		375			5		5.32
Total securities available for sale	20,618			138		2.68		20,774			145		2.78		22,944			181		3.16
Federal funds sold and securities borrowed or purchased under agreements to resell	980			—		0.08		952			—		0.05		924			—		0.01
Loans held for sale	3,769			28		2.94		3,294			29		3.48		3,352			31		3.65
Interest-bearing deposits	23			—		0.14		21			—		0.26		22			—		0.26
Interest earning trading assets	4,248			16		1.55		4,086			15		1.49		4,283			18		1.67
Total earning assets	151,225			1,426		3.75		153,207			1,475		3.83		154,890			1,524		3.96
Allowance for loan and lease losses	(2,238		)					(2,193		)					(2,323		)
Cash and due from banks	8,048							4,579							4,721
Other assets	14,454							14,810							15,260
Noninterest earning trading assets	2,074							2,172							2,230
Unrealized gains on securities available for sale, net	947							2,707							3,137
Total assets		$174,510							$175,282							$177,915
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing deposits:
NOW accounts		$25,590			$5	0.08	%		$24,810			$6	0.09	%		$24,957			$6	0.10	%
Money market accounts	42,452			18		0.17		41,517			21		0.20		41,950			24		0.23
Savings	5,231			1		0.08		5,190			1		0.09		5,169			1		0.11
Consumer time	9,731			29		1.17		10,202			32		1.26		10,997			40		1.47
Other time	5,489			18		1.31		5,771			21		1.42		6,193			25		1.63
Total interest-bearing consumer and commercial deposits	88,493			71		0.32		87,490			81		0.37		89,266			96		0.43
Brokered time deposits	2,152			15		2.71		2,189			17		3.03		2,211			22		3.88
Foreign deposits	114			—		0.17		48			—		0.17		32			—		0.18
Total interest-bearing deposits	90,759			86		0.38		89,727			98		0.43		91,509			118		0.52
Funds purchased	811			—		0.11		701			—		0.11		810			—		0.11
Securities sold under agreements to repurchase	1,668			1		0.21		1,461			1		0.18		1,646			1		0.18
Interest-bearing trading liabilities	719			4		2.12		702			4		2.62		751			4		2.36
Other short-term borrowings	5,057			4		0.32		6,664			5		0.30		6,942			5		0.27
Long-term debt	10,491			55		2.07		11,734			66		2.23		13,657			90		2.65
Total interest-bearing liabilities	109,505			150		0.54		110,989			174		0.62		115,315			218		0.76
Noninterest-bearing deposits	39,414							37,863							36,619
Other liabilities	4,322							4,832							4,337
Noninterest-bearing trading liabilities	639							979							1,172
Shareholders’ equity	20,630							20,619							20,472
Total liabilities and shareholders’ equity		$174,510							$175,282							$177,915
Interest Rate Spread						3.21	%						3.21	%						3.20	%
Net Interest Income - FTE 1					$1,276							$1,301							$1,306
Net Interest Margin 2						3.36	%						3.38	%						3.39	%

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

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

16

SunTrust Banks, Inc. and Subsidiaries CONSOLIDATED DAILY AVERAGE BALANCES, AVERAGE YIELDS EARNED AND RATES PAID, continued (Dollars in millions; yields on taxable-equivalent basis) (Unaudited)
	Six Months Ended
	June 30, 2013							June 30, 2012							Increase/(Decrease)
	Average Balances			Interest Income/ Expense		Yields/ Rates		Average Balances			Interest Income/ Expense		Yields/ Rates			Average Balances			Yields/ Rates
ASSETS
Loans:
Commercial and industrial - FTE 1		$54,129			$1,101	4.10	%		$50,170			$1,176	4.72	%			$3,959		(0.62	)
Commercial real estate	4,177			70		3.38		4,660			86		3.69			(483		)	(0.31	)
Commercial construction	645			12		3.61		891			17		3.87			(246		)	(0.26	)
Residential mortgages - guaranteed	3,922			54		2.73		6,166			99		3.22			(2,244		)	(0.49	)
Residential mortgages - nonguaranteed	22,428			479		4.27		22,327			519		4.65			101			(0.38	)
Home equity products	14,361			260		3.64		15,174			279		3.70			(813		)	(0.06	)
Residential construction	587			15		5.02		722			18		5.12			(135		)	(0.10	)
Guaranteed student loans	5,368			102		3.85		7,252			140		3.88			(1,884		)	(0.03	)
Other direct	2,416			53		4.42		2,143			47		4.41			273			0.01
Indirect	11,035			190		3.47		10,200			200		3.94			835			(0.47	)
Credit cards	617			30		9.66		541			29		10.47			76			(0.81	)
Nonaccrual	1,443			20		2.84		2,708			14		1.03			(1,265		)	1.81
Total loans	121,128			2,386		3.97		122,954			2,624		4.29			(1,826		)	(0.32	)
Securities available for sale:
Taxable	22,524			280		2.50		23,409			366		3.13			(885		)	(0.63	)
Tax-exempt - FTE 1	278			7		5.20		398			11		5.37			(120		)	(0.17	)
Total securities available for sale	22,802			287		2.53		23,807			377		3.17			(1,005		)	(0.64	)
Federal funds sold and securities borrowed or purchased under agreements to resell	1,099			—		0.02		827			—		0.02			272			—
Loans held for sale	3,646			60		3.28		3,001			55		3.67			645			(0.39	)
Interest-bearing deposits	21			—		0.09		21			—		0.24			—			(0.15	)
Interest earning trading assets	4,290			34		1.57		4,147			33		1.58			143			(0.01	)
Total earning assets	152,986			2,767		3.65		154,757			3,089		4.01			(1,771		)	(0.36	)
Allowance for loan and lease losses	(2,160		)					(2,375		)						215
Cash and due from banks	4,457							4,642								(185		)
Other assets	14,344							15,076								(732		)
Noninterest earning trading assets	1,808							2,245								(437		)
Unrealized gains on securities available for sale, net	740							3,040								(2,300		)
Total assets		$172,175							$177,385								($5,210	)
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing deposits:
NOW accounts		$26,198			$9	0.07	%		$25,110			$12	0.10	%			$1,088		(0.03	)
Money market accounts	42,419			29		0.14		42,219			49		0.23			200			(0.09	)
Savings	5,669			2		0.06		5,015			3		0.11			654			(0.05	)
Consumer time	9,291			53		1.15		11,234			84		1.50			(1,943		)	(0.35	)
Other time	5,140			34		1.35		6,281			52		1.66			(1,141		)	(0.31	)
Total interest-bearing consumer and commercial deposits	88,717			127		0.29		89,859			200		0.45			(1,142		)	(0.16	)
Brokered time deposits	2,062			27		2.58		2,238			45		3.96			(176		)	(1.38	)
Foreign deposits	60			—		0.14		20			—		0.17			40			(0.03	)
Total interest-bearing deposits	90,839			154		0.34		92,117			245		0.53			(1,278		)	(0.19	)
Funds purchased	686			—		0.10		840			1		0.11			(154		)	(0.01	)
Securities sold under agreements to repurchase	1,793			2		0.16		1,640			1		0.16			153			—
Interest-bearing trading liabilities	737			8		2.25		641			7		2.10			96			0.15
Other short-term borrowings	4,576			6		0.26		8,056			9		0.23			(3,480		)	0.03
Long-term debt	9,530			104		2.20		12,507			178		2.87			(2,977		)	(0.67	)
Total interest-bearing liabilities	108,161			274		0.51		115,801			441		0.77			(7,640		)	(0.26	)
Noninterest-bearing deposits	38,397							36,005								2,392
Other liabilities	3,874							4,116								(242		)
Noninterest-bearing trading liabilities	548							1,099								(551		)
Shareholders’ equity	21,195							20,364								831
Total liabilities and shareholders’ equity		$172,175							$177,385								($5,210	)
Interest Rate Spread						3.14	%						3.24	%					(0.10	)
Net Interest Income - FTE 1					$2,493							$2,648
Net Interest Margin 2						3.29	%						3.44	%					(0.15	)

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

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

17

SunTrust Banks, Inc. and Subsidiaries OTHER FINANCIAL DATA (Dollars in millions) (Unaudited)
	Three Months Ended June 30											Six Months Ended June 30
							Increase/(Decrease)											Increase/(Decrease)
	2013			2012			Amount			%4		2013			2012			Amount			%4
CREDIT DATA
Allowance for credit losses - beginning		$2,205			$2,400			($195	)	(8	)%		$2,219			$2,505			($286	)	(11	)%
(Benefit)/provision for unfunded commitments	(6		)	(2		)	(4		)	NM		2			2			—			—
Provision for loan losses:
Commercial	42			49			(7		)	(14	)	106			87			19			22
Residential	78			230			(152		)	(66	)	190			488			(298		)	(61	)
Consumer	32			23			9			39		60			40			20			50
Total provision for loan losses	152			302			(150		)	(50	)	356			615			(259		)	(42	)
Charge-offs:
Commercial	(64		)	(94		)	(30		)	(32	)	(124		)	(220		)	(96		)	(44	)
Residential	(143		)	(274		)	(131		)	(48	)	(321		)	(576		)	(255		)	(44	)
Consumer	(26		)	(29		)	(3		)	(10	)	(61		)	(64		)	(3		)	(5	)
Total charge-offs	(233		)	(397		)	(164		)	(41	)	(506		)	(860		)	(354		)	(41	)
Recoveries:
Commercial	20			31			(11		)	(35	)	35			56			(21		)	(38	)
Residential	24			6			18			NM		46			11			35			NM
Consumer	10			10			—			—		20			21			(1		)	(5	)
Total recoveries	54			47			7			15		101			88			13			15
Net charge-offs	(179		)	(350		)	(171		)	(49	)	(405		)	(772		)	(367		)	(48	)
Allowance for credit losses - ending		$2,172			$2,350			($178	)	(8	)%		$2,172			$2,350			($178	)	(8	)%
Components:
Allowance for loan and lease losses		$2,125			$2,300			($175	)	(8	)%
Unfunded commitments reserve	47			50			(3		)	(6	)
Allowance for credit losses		$2,172			$2,350			($178	)	(8	)%
Net charge-offs to average loans (annualized):
Commercial	0.29		%	0.45		%	(0.16		)	(36	)%	0.30		%	0.58		%	(0.28		)	(48	)%
Residential	1.13			2.33			(1.20		)	(52	)	1.30			2.45			(1.15		)	(47	)
Consumer	0.34			0.38			(0.04		)	(11	)	0.43			0.43			—			—
Total net charge-offs to total average loans	0.59		%	1.14		%	(0.55		)	(48	)%	0.67		%	1.26		%	(0.59		)	(47	)%
Period Ended
Nonaccrual/nonperforming loans:
Commercial		$304			$695			($391	)	(56	)%
Residential	825			1,742			(917		)	(53	)
Consumer	12			21			(9		)	(43	)
Total nonaccrual/nonperforming loans	1,141			2,458			(1,317		)	(54	)
Other real estate owned (“OREO”)	198			331			(133		)	(40	)
Other repossessed assets	8			11			(3		)	(27	)
Nonperforming loans held for sale ("LHFS")	48			—			48			NM
Total nonperforming assets		$1,395			$2,800			($1,405	)	(50	)%
Accruing restructured loans		$2,781			$2,699			$82		3	%
Nonaccruing restructured loans	415			694			(279		)	(40	)
Accruing loans past due > 90 days (guaranteed)	958			2,082			(1,124		)	(54	)
Accruing loans past due > 90 days (non-guaranteed)	47			68			(21		)	(31	)
Accruing LHFS past due > 90 days	1			—			1			NM
Nonperforming loans to total loans	0.94		%	1.97		%	(1.03		)	(52	)%
Nonperforming assets to total loans plus OREO, other repossessed assets, and nonperforming LHFS	1.14			2.24			(1.10		)	(49	)
Allowance to period-end loans1,2	1.75			1.85			(0.10		)	(5	)
Allowance to period-end loans, excluding government guaranteed loans 1,2,3	1.89			2.07			(0.18		)	(9	)
Allowance to nonperforming loans1,2	188			94			94			100
Allowance to annualized net charge-offs1	2.97x			1.64x			1.33x			81

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 FIVE QUARTER OTHER FINANCIAL DATA (Dollars in millions) (Unaudited)
	Three Months Ended
	June 30			March 31			Increase/(Decrease)					December 31			September 30			June 30
	2013			2013			Amount			%4		2012			2012			2012
CREDIT DATA
Allowance for credit losses - beginning		$2,205			$2,219			($14	)	(1	)%		$2,289			$2,350			$2,400
(Benefit)/provision for unfunded commitments	(6		)	8			(14		)	NM		(5		)	—			(2		)
Provision for loan losses:
Commercial	42			64			(22		)	(34	)	27			127			49
Residential	78			112			(34		)	(30	)	274			300			230
Consumer	32			28			4			14		32			23			23
Total provision for loan losses	152			204			(52		)	(25	)	333			450			302
Charge-offs:
Commercial	(64		)	(60		)	4			7		(111		)	(126		)	(94		)
Residential	(143		)	(178		)	(35		)	(20	)	(315		)	(425		)	(274		)
Consumer	(26		)	(35		)	(9		)	(26	)	(36		)	(34		)	(29		)
Total charge-offs	(233		)	(273		)	(40		)	(15	)	(462		)	(585		)	(397		)
Recoveries:
Commercial	20			15			5			33		43			55			31
Residential	24			22			2			9		10			10			6
Consumer	10			10			—			—		11			9			10
Total recoveries	54			47			7			15		64			74			47
Net charge-offs	(179		)	(226		)	(47		)	(21	)	(398		)	(511		)	(350		)
Allowance for credit losses - ending		$2,172			$2,205			($33	)	(2	)%		$2,219			$2,289			$2,350
Components:
Allowance for loan and lease losses		$2,125			$2,152			($27	)	(1	)%		$2,174			$2,239			$2,300
Unfunded commitments reserve	47			53			(6		)	(11	)	45			50			50
Allowance for credit losses		$2,172			$2,205			($33	)	(2	)%		$2,219			$2,289			$2,350
Net charge-offs to average loans (annualized):
Commercial	0.29		%	0.32		%	(0.03		)	(9	)%	0.46		%	0.49		%	0.45		%
Residential	1.13			1.48			(0.35		)	(24	)	2.75			3.63			2.33
Consumer	0.34			0.52			(0.18		)	(35	)	0.53			0.46			0.38
Total net charge-offs to total average loans	0.59		%	0.76		%	(0.17		)	(22	)%	1.30		%	1.64		%	1.14		%
Period Ended
Nonaccrual/nonperforming loans:
Commercial		$304			$289			$15		5	%		$294			$482			$695
Residential	825			1,157			(332		)	(29	)	1,228			1,225			1,742
Consumer	12			21			(9		)	(43	)	25			24			21
Total nonaccrual/nonperforming loans	1,141			1,467			(326		)	(22	)	1,547			1,731			2,458
OREO	198			223			(25		)	(11	)	264			304			331
Other repossessed assets	8			9			(1		)	(11	)	9			10			11
Nonperforming LHFS	48			41			7			17		37			40			—
Total nonperforming assets		$1,395			$1,740			($345	)	(20	)%		$1,857			$2,085			$2,800
Accruing restructured loans		$2,781			$2,499			$282		11	%		$2,501			$2,640			$2,699
Nonaccruing restructured loans	415			655			(240		)	(37	)	639			482			694
Accruing loans past due > 90 days (guaranteed)	958			767			191			25		722			1,041			2,082
Accruing loans past due > 90 days (non-guaranteed)	47			56			(9		)	(16	)	60			63			68
Accruing LHFS past due > 90 days	1			2			(1		)	(50	)	1			1,127			—
Nonperforming loans to total loans	0.94		%	1.21		%	(0.27		)	(22	)%	1.27		%	1.42		%	1.97		%
Nonperforming assets to total loans plus OREO, other repossessed assets, and nonperforming LHFS	1.14			1.44			(0.30		)	(21	)	1.52			1.71			2.24
Allowance to period-end loans1,2	1.75			1.79			(0.04		)	(2	)	1.80			1.84			1.85
Allowance to period-end loans, excluding government guaranteed loans 1,2,3	1.89			1.93			(0.04		)	(2	)	1.95			2.02			2.07
Allowance to nonperforming loans1,2	188			148			40			27		142			130			94
Allowance to annualized net charge-offs1	2.97x			2.34x			0.63x			27		1.37x			1.10x			1.64x

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

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

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

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

19

SunTrust Banks, Inc. and Subsidiaries OTHER FINANCIAL DATA, continued (Dollars in millions) (Unaudited)
	Three Months Ended June 30												Six Months Ended June 30
	Core Deposit   Intangibles			MSRs - Fair Value			Other			Total			Core Deposit   Intangibles			MSRs - Fair Value			Other			Total
OTHER INTANGIBLE ASSET ROLLFORWARD
Balance, beginning of period		$32			$1,070			$53			$1,155			$38			$921			$58			$1,017
Amortization	(5		)	—			(6		)	(11		)	(11		)	—			(11		)	(22		)
Mortgage servicing rights (“MSRs”) originated	—			78			—			78			—			161			—			161
Fair value changes due to inputs and assumptions	—			(227		)	—			(227		)	—			(102		)	—			(102		)
Other changes in fair value	—			(55		)	—			(55		)	—			(112		)	—			(112		)
Sale of MSRs	—			(1		)	—			(1		)	—			(3		)	—			(3		)
Balance, June 30, 2012		$27			$865			$47			$939			$27			$865			$47			$939
Balance, beginning of period		$14			$1,025			$37			$1,076			$17			$899			$40			$956
Amortization	(4		)	—			(2		)	(6		)	(7		)	—			(5		)	(12		)
MSRs originated	—			93			—			93			—			203			—			203
Fair value changes due to inputs and assumptions	—			160			—			160			—			250			—			250
Other changes in fair value	—			(78		)	—			(78		)	—			(152		)	—			(152		)
Sale of MSRs	—			(1		)	—			(1		)	—			(1		)	—			(1		)
Balance, June 30, 2013		$10			$1,199			$35			$1,244			$10			$1,199			$35			$1,244

	Three Months Ended
	June 30		March 31	December 31	September 30	June 30
	2013		2013	2012	2012	2012
COMMON SHARE ROLLFORWARD (000’s)
Balance, beginning of period	540,187		538,959	538,821	538,398	538,056
Common shares issued/(exchanged) for employee benefit plans, stock option, and restricted stock activity	130		1,228	138	423	342
Repurchase of common stock	(1,664	)	—	—	—	—
Balance, end of period	538,653		540,187	538,959	538,821	538,398

20

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															Six Months Ended
	June 30			March 31			December 31			September 30			June 30			June 30			June 30
	2013			2013			2012			2012			2012			2013			2012
NON-GAAP MEASURES PRESENTED IN THE EARNINGS RELEASE 1
Net interest income		$1,211			$1,221			$1,246			$1,271			$1,274			$2,432			$2,585
Taxable-equivalent adjustment	31			30			30			30			32			61			63
Net interest income - FTE	1,242			1,251			1,276			1,301			1,306			2,493			2,648
Noninterest income	858			863			1,015			2,542			940			1,721			1,816
Total revenue - FTE	2,100			2,114			2,291			3,843			2,246			4,214			4,464
Securities gains, net	—			(2		)	(1		)	(1,941		)	(14		)	(2		)	(32		)
Total revenue - FTE excluding net securities gains 2		$2,100			$2,112			$2,290			$1,902			$2,232			$4,212			$4,432
Efficiency ratio 3	66.56		%	64.46		%	65.93		%	44.90		%	68.83		%	65.50		%	69.17		%
Impact of excluding amortization of intangible assets	(0.29		)	(0.29		)	(0.30		)	(0.43		)	(0.50		)	(0.29		)	(0.50		)
Tangible efficiency ratio 4	66.27		%	64.17		%	65.63		%	44.47		%	68.33		%	65.21		%	68.67		%
	June 30			March 31			December 31			September 30			June 30
	2013			2013			2012			2012			2012
Total shareholders' equity		$21,007			$21,194			$20,985			$20,399			$20,568
Goodwill, net of deferred taxes of $174 million, $169 million, $163 million, $159 million, and $156 million, respectively	(6,195		)	(6,200		)	(6,206		)	(6,210		)	(6,220		)
Other intangible assets, net of deferred taxes of $4 million, $5 million, $7 million, $8 million, and $10 million, respectively, and MSRs	(1,240		)	(1,071		)	(949		)	(888		)	(929		)
MSRs	1,199			1,025			899			831			865
Tangible equity	14,771			14,948			14,729			14,132			14,284
Preferred stock	(725		)	(725		)	(725		)	(275		)	(275		)
Tangible common equity		$14,046			$14,223			$14,004			$13,857			$14,009
Total assets		$171,546			$172,435			$173,442			$173,181			$178,257
Goodwill	(6,369		)	(6,369		)	(6,369		)	(6,369		)	(6,376		)
Other intangible assets including MSRs	(1,244		)	(1,076		)	(956		)	(896		)	(939		)
MSRs	1,199			1,025			899			831			865
Tangible assets		$165,132			$166,015			$167,016			$166,747			$171,807
Tangible equity to tangible assets 5	8.95		%	9.00		%	8.82		%	8.48		%	8.31		%
Tangible book value per common share 6		$26.08			$26.33			$25.98			$25.72			$26.02
Total loans		$122,031			$120,804			$121,470			$121,817			$124,560
Government guaranteed loans	(9,053		)	(9,205		)	(9,609		)	(10,646		)	(12,911		)
Loans held at fair value	(339		)	(360		)	(379		)	(390		)	(406		)
Total loans, excluding government guaranteed and fair value loans		$112,639			$111,239			$111,482			$110,781			$111,243
Allowance to total loans, excluding government guaranteed and fair value loans 7	1.89		%	1.93		%	1.95		%	2.02		%	2.07		%

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.

21

SunTrust Banks, Inc. and Subsidiaries CONSUMER BANKING AND PRIVATE WEALTH MANAGEMENT (Dollars in millions) (Unaudited)
	Three Months Ended June 30 4								Six Months Ended June 30 4
	2013			2012			% Change		2013			2012			% Change
Statements of Income:
Net interest income 1		$646			$682		(5	)%		$1,293			$1,367		(5	)%
FTE adjustment	—			—			—		—			—			—
Net interest income - FTE	646			682			(5	)	1,293			1,367			(5	)
Provision for credit losses 2	99			128			(23	)	207			292			(29	)
Net interest income - FTE - after provision for credit losses	547			554			(1	)	1,086			1,075			1
Noninterest income before securities gains/(losses)	372			389			(4	)	729			761			(4	)
Securities gains/(losses), net	—			—			—		—			—			—
Total noninterest income	372			389			(4	)	729			761			(4	)
Noninterest expense before amortization of intangible assets	685			748			(8	)	1,381			1,510			(9	)
Amortization of intangible assets	5			8			(38	)	11			18			(39	)
Total noninterest expense	690			756			(9	)	1,392			1,528			(9	)
Income before provision for income taxes	229			187			22		423			308			37
Provision for income taxes	84			67			25		155			111			40
FTE adjustment	—			—			—		—			—			—
Net income including income attributable to noncontrolling interest	145			120			21		268			197			36
Less: net income attributable to noncontrolling interest	—			—			—		—			—			—
Net income		$145			$120		21			$268			$197		36
Total revenue - FTE		$1,018			$1,071		(5	)		$2,022			$2,128		(5	)
Selected Average Balances:
Total loans		$40,284			$42,202		(5	)%		$40,329			$42,271		(5	)%
Goodwill	3,965			3,933			1		3,964			3,931			1
Other intangible assets excluding MSRs	35			63			(44	)	38			68			(44	)
Total assets	45,012			47,161			(5	)	45,065			47,114			(4	)
Consumer and commercial deposits	83,923			84,616			(1	)	84,279			84,323			—
Performance Ratios:
Efficiency ratio	67.74		%	70.61		%			68.84		%	71.80		%
Impact of excluding amortization of intangible assets	(2.34		)	(2.96		)			(2.43		)	(3.12		)
Tangible efficiency ratio	65.40		%	67.65		%			66.41		%	68.68		%
Other Information (End of Period): 3
Assets under administration
Managed (discretionary) assets		$61,473			$62,849		(2	)%
Non-managed assets	40,690			51,571			(21	)
Total assets under administration	102,163			114,420			(11	)
Brokerage assets	41,295			37,593			10
Total assets under advisement		$143,458			$152,013		(6	)

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.

⁴  Prior year results have been restated to include the effect of moving small business banking from Wholesale Banking to Consumer Banking and Private Wealth Management during the second quarter of 2013.

22

SunTrust Banks, Inc. and Subsidiaries WHOLESALE BANKING (Dollars in millions) (Unaudited)
	Three Months Ended June 30 5								Six Months Ended June 30 5
	2013			2012			% Change 4		2013			2012			% Change 4
Statements of Income:
Net interest income 1		$397			$376		6	%		$783			$746		5	%
FTE adjustment	29			32			(9	)	58			61			(5	)
Net interest income - FTE	426			408			4		841			807			4
Provision for credit losses 2	18			57			(68	)	46			148			(69	)
Net interest income - FTE - after provision for credit losses	408			351			16		795			659			21
Noninterest income before securities gains/(losses)	333			334			—		639			664			(4	)
Securities gains/(losses), net	—			—			—		—			—			—
Total noninterest income	333			334			—		639			664			(4	)
Noninterest expense before amortization of intangible assets	404			449			(10	)	800			896			(11	)
Amortization of intangible assets	1			1			—		1			1			—
Total noninterest expense	405			450			(10	)	801			897			(11	)
Income - FTE - before provision for income taxes	336			235			43		633			426			49
Provision for income taxes	76			35			NM		137			55			NM
FTE adjustment	29			32			(9	)	58			61			(5	)
Net income including income attributable to noncontrolling interest	231			168			38		438			310			41
Less: net income attributable to noncontrolling interest	1			—			NM		4			8			(50	)
Net income		$230			$168		37			$434			$302		44
Total revenue - FTE		$759			$742		2			$1,480			$1,471		1
Selected Average Balances:
Total loans		$53,475			$50,311		6	%		$52,966			$49,849		6	%
Goodwill	2,404			2,414			—		2,405			2,415			—
Other intangible assets excluding MSRs	12			15			(20	)	12			15			(20	)
Total assets	66,498			63,870			4		66,083			63,343			4
Consumer and commercial deposits	38,960			37,724			3		39,223			38,142			3
Performance Ratios:
Efficiency ratio	53.46		%	60.72		%			54.06		%	60.93		%
Impact of excluding amortization of intangible assets	(1.27		)	(1.78		)			(1.34		)	(1.88		)
Tangible efficiency ratio	52.19		%	58.94		%			52.72		%	59.05		%
Other Information (End of Period): 3
Managed (discretionary) assets under administration		$44,055			$41,214		7	%
Non-managed assets	—			—			—
Total assets under administration	44,055			41,214			7
Total assets under advisement		$44,055			$41,214		7

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.

⁵ Prior year results have been restated to include the effect of moving small business banking from Wholesale Banking to Consumer Banking and Private Wealth Management during the second quarter of 2013.

23

SunTrust Banks, Inc. and Subsidiaries MORTGAGE BANKING (Dollars in millions) (Unaudited)
	Three Months Ended June 30								Six Months Ended June 30
	2013			2012			% Change 3		2013			2012			% Change 3
Statements of Income:
Net interest income 1		$141			$131		8	%		$269			$257		5	%
FTE adjustment	—			—			—		—			—			—
Net interest income - FTE	141			131			8		269			257			5
Provision for credit losses 2	61			165			(63	)	152			331			(54	)
Net interest income/(loss) - FTE - after provision for credit losses	80			(34		)	NM		117			(74		)	NM
Noninterest income before securities gains/(losses)	131			179			(27	)	329			336			(2	)
Securities gains/(losses), net	—			—			—		—			—			—
Total noninterest income	131			179			(27	)	329			336			(2	)
Noninterest expense before amortization of intangible assets	339			343			(1	)	609			676			(10	)
Amortization of intangible assets	—			—			—		—			—			—
Total noninterest expense	339			343			(1	)	609			676			(10	)
Loss before benefit for income taxes	(128		)	(198		)	(35	)	(163		)	(414		)	(61	)
Benefit for income taxes	(52		)	(82		)	(37	)	(67		)	(168		)	(60	)
FTE adjustment	—			—			—		—			—			—
Net loss including income attributable to noncontrolling interest	(76		)	(116		)	(34	)	(96		)	(246		)	(61	)
Less: net income attributable to noncontrolling interest	—			—			—		—			—			—
Net loss		($76	)		($116	)	(34	)		($96	)		($246	)	(61	)
Total revenue - FTE		$272			$310		(12	)		$598			$593		1
Selected Average Balances:
Total loans		$27,574			$30,809		(11	)%		$27,784			$30,802		(10	)%
Goodwill	—			—			—		—			—			—
Other intangible assets excluding MSRs	—			—			—		—			—			—
Total assets	32,711			35,787			(9	)	32,947			35,511			(7	)
Consumer and commercial deposits	3,742			3,573			5		3,630			3,386			7
Performance Ratios:
Efficiency ratio	124.82		%	110.56		%			101.97		%	113.91		%
Impact of excluding amortization of intangible assets	—			—					—			—
Tangible efficiency ratio	124.82		%	110.56		%			101.97		%	113.91		%
Other Information:
Production Data
Channel mix
Retail		$4,900			$4,365		12	%		$9,635			$8,552		13	%
Wholesale	1,112			1,340			(17	)	2,292			2,661			(14	)
Correspondent	3,078			2,545			21		6,004			4,710			27
Total production		$9,090			$8,250		10			$17,931			$15,923		13
Channel mix - percent
Retail	54		%	53		%			54		%	53		%
Wholesale	12			16					13			17
Correspondent	34			31					33			30
Total production	100		%	100		%			100		%	100		%
Purchase and refinance mix
Refinance		$5,976			$5,238		14			$13,087			$11,082		18
Purchase	3,114			3,012			3		4,844			4,841			—
Total production		$9,090			$8,250		10			$17,931			$15,923		13
Purchase and refinance mix - percent
Refinance	66		%	63		%			73		%	70		%
Purchase	34			37					27			30
Total production	100		%	100		%			100		%	100		%
Applications		$12,899			$12,726		1			$25,111			$27,308		(8	)
Mortgage Servicing Data (End of Period):
Total loans serviced		$140,437			$153,442		(8	)%
Total loans serviced for others	109,307			118,887			(8	)
Net carrying value of MSRs	1,199			865			39
Ratio of net carrying value of MSRs to total loans serviced for others	1.097		%	0.728		%

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.

24

SunTrust Banks, Inc. and Subsidiaries CORPORATE OTHER (Dollars in millions) (Unaudited)
	Three Months Ended June 30								Six Months Ended June 30
	2013			2012			% Change 2		2013			2012			% Change 2
Statements of Income:
Net interest income		$27			$85		(68	)%		$87			$215		(60	)%
FTE adjustment	2			—			NM		3			2			50
Net interest income - FTE	29			85			(66	)	90			217			(59	)
Provision for credit losses 1	(32		)	(50		)	(36	)	(47		)	(154		)	(69	)
Net interest income - FTE - after provision for credit losses	61			135			(55	)	137			371			(63	)
Noninterest income before securities gains/(losses)	22			24			(8	)	22			23			(4	)
Securities gains/(losses), net	—			14			(100	)	2			32			(94	)
Total noninterest income	22			38			(42	)	24			55			(56	)
Noninterest expense before amortization of intangible assets	(37		)	(5		)	NM		(42		)	(17		)	NM
Amortization of intangible assets	—			2			(100	)	—			3			(100	)
Total noninterest expense	(37		)	(3		)	NM		(42		)	(14		)	NM
Income - FTE - before provision for income taxes	120			176			(32	)	203			440			(54	)
Provision for income taxes	38			71			(46	)	72			162			(56	)
FTE adjustment	2			—			NM		3			2			50
Net income including income attributable to noncontrolling interest	80			105			(24	)	128			276			(54	)
Less: net income attributable to noncontrolling interest	2			2			—		5			4			25
Net income		$78			$103		(24	)		$123			$272		(55	)
Total revenue - FTE		$51			$123		(59	)		$114			$272		(58	)
Selected Average Balances:
Total loans		$39			$43		(9	)%		$49			$32		53	%
Securities available for sale	22,919			22,741			1		22,620			23,602			(4	)
Other intangible assets excluding MSRs	—			2			(100	)	—			3			(100	)
Total assets	28,316			31,097			(9	)	28,080			31,417			(11	)
Consumer and commercial deposits	(46		)	(28		)	64		(18		)	13			NM
Other Information:
Duration of investment portfolio (in years)	4.2			1.9
Net interest income interest rate sensitivity:
% Change in net interest income under:
Instantaneous 100 bp increase in rates over next 12 months	1.3		%	2.8		%
Instantaneous 200 bp increase in rates over next 12 months	2.3		%	5.1		%
Instantaneous 25 bp decrease in rates over next 12 months	(0.7		)%	(0.8		)%

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.

25

SunTrust Banks, Inc. and Subsidiaries

CONSOLIDATED - SEGMENT TOTALS

(Dollars in millions) (Unaudited)

	Three Months Ended June 30								Six Months Ended June 30
	2013			2012			% Change		2013			2012			% Change
Statements of Income:
Net interest income		$1,211			$1,274		(5	)%		$2,432			$2,585		(6	)%
FTE adjustment	31			32			(3	)	61			63			(3	)
Net interest income - FTE	1,242			1,306			(5	)	2,493			2,648			(6	)
Provision for credit losses	146			300			(51	)	358			617			(42	)
Net interest income - FTE - after provision for credit losses	1,096			1,006			9		2,135			2,031			5
Noninterest income before securities gains/(losses)	858			926			(7	)	1,719			1,784			(4	)
Securities gains/(losses), net	—			14			(100	)	2			32			(94	)
Total noninterest income	858			940			(9	)	1,721			1,816			(5	)
Noninterest expense before amortization of intangible assets	1,391			1,535			(9	)	2,748			3,065			(10	)
Amortization of intangible assets	6			11			(45	)	12			22			(45	)
Total noninterest expense	1,397			1,546			(10	)	2,760			3,087			(11	)
Income - FTE - before provision for income taxes	557			400			39		1,096			760			44
Provision for income taxes	146			91			60		297			160			86
FTE adjustment	31			32			(3	)	61			63			(3	)
Net income including income attributable to noncontrolling interest	380			277			37		738			537			37
Less: net income attributable to noncontrolling interest	3			2			50		9			12			(25	)
Net income		$377			$275		37			$729			$525		39
Total revenue - FTE		$2,100			$2,246		(7	)		$4,214			$4,464		(6	)
Selected Average Balances:
Total loans		$121,372			$123,365		(2	)%		$121,128			$122,954		(1	)%
Goodwill	6,369			6,347			—		6,369			6,346			—
Other intangible assets excluding MSRs	47			80			(41	)	50			86			(42	)
Total assets	172,537			177,915			(3	)	172,175			177,385			(3	)
Consumer and commercial deposits	126,579			125,885			1		127,114			125,864			1
Performance Ratios:
Efficiency ratio	66.56		%	68.83		%			65.50		%	69.17		%
Impact of excluding amortization of intangible assets	(0.29		)	(0.50		)			(0.29		)	(0.50		)
Tangible efficiency ratio	66.27		%	68.33		%			65.21		%	68.67		%
Other Information (End of Period):
Assets under administration
Managed (discretionary) assets		$105,528			$104,063		1	%
Non-managed assets	40,690			51,571			(21	)
Total assets under administration	146,218			155,634			(6	)
Brokerage assets	41,295			37,593			10
Total assets under advisement		$187,513			$193,227		(3	)

26

EX-99.2

2Q 2013 Earnings Release July 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. Statements regarding efficiency ratio goals and expected normalized levels of credit-related expenses and operating losses are forward-looking statements. Also, any statement that does not describe historical or current facts is a forward-looking statement. These statements often include the words “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “goals,” “targets,” “initiatives,” “potentially,” “probably,” “projects,” “outlook” or similar expressions or future conditional verbs such as “may,” “will,” “should,” “would,” and “could.” Forward-looking statements are based upon the current beliefs and expectations of management and on information currently available to management. Our statements speak as of the date hereof, and we do not assume any obligation to update these statements or to update the reasons why actual results could differ from those contained in such statements in light of new information or future events. Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward- looking statements. 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 2Q 13 Summary Earnings • Earnings per diluted share of $0.68, up 36% compared to $0.50 per share in the prior year • Net income available to common shareholders grew to $365 million Revenue • Net interest income 1% lower sequentially due to lower commercial loan swap income • Noninterest income declined slightly from the prior quarter, as broad-based growth in most categories was offset by lower mortgage revenue Expenses • Expenses down 10% from prior year, due to widespread reductions in core operating and cyclically high costs 1 • Expenses increased 2% from prior quarter. Core operating costs declined; cyclical costs higher 1 Balance Sheet • Average performing loans $0.6 billion higher than prior quarter; portfolio diversification continued, with increases in C&I and CRE • Average deposits up 1% from prior year, as DDA increased, while higher-cost time deposits continued to runoff. Average deposits down 1% from prior quarter, as an increase in DDA was more than offset by declines in MMA and NOW balances Credit and Capital • Nonperforming loans declined 22% from prior quarter • Net charge-off ratio improved to 0.59% annualized • NPLs and NCOs at their lowest levels in over five years • Tier 1 common ratio increased to 10.15% (estimated) • Quarterly common stock dividend increased from $0.05 to $0.10 per share, and $50 million of common stock was repurchased 1. Please refer to page 29 of the appendix for additional detail on cyclical costs

4 Net Income Available To Common & Diluted EPS Prior Quarter Variance • EPS increase of $0.05, or 8% → Net income available to common was up $25 million, or 7% → 2Q 13 benefitted from a lower provision for credit losses, higher noninterest income across most categories, and a seasonal reduction in employee benefits; this was partially offset by a reduction in mortgage revenue Prior Year Variance • EPS increase of $0.18, or 36% → Improvement driven by declines in expenses and provision for credit losses, partially offset by lower revenue ($ in millions, except EPS) 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 Improved from Prior Quarter and Prior Year $1,066 $270 $313 $350 $340 $365 $753 $0.50 $0.58 $0.65 $0.63 $0.68 2Q 12 3Q 12¹ 4Q 12 1Q 13 2Q 13 Net Income Available to Common (Ex 3Q 12 Items) 3Q 12 Items EPS (Ex 3Q 12 Items)

5 Net Interest Income - FTE ($ in millions) Prior Quarter Variance • Net interest income declined $9 million → Lower commercial loan swap income partially offset by one additional business day and higher average loan balances • Net interest margin declined eight basis points, as lower asset yields were partially offset by a decline in deposit rates Prior Year Variance • Net interest income declined $64 million → Interest income was down $147 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 $82 million, driven by a more favorable deposit mix, lower deposit rates paid, and a significant reduction in long-term debt expense Net Interest Income Declined Modestly from 1Q 13 $1,306 $1,301 $1,276 $1,251 $1,242 3.39% 3.38% 3.36% 3.33% 3.25% 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% $500 $1,000 $1,500 2Q 12 3Q 12 4Q 12 1Q 13 2Q 13 Net Int rest 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 • Noninterest income declined $5 million → Reduction in mortgage revenue due to the rapid increase in interest rates during the latter part of the quarter → Largely offset by increases in other categories, including investment banking income and wealth management fees Prior Year Variance • Noninterest income declined $82 million → Declines in mortgage servicing related income and trading income partially offset by lower mortgage repurchase provision $920 $729 $1,000 $875 $855 $20 $1,812 $15 ($11) $3 2Q 12 3Q 12 4Q 12 1Q 13 2Q 13 Adjuste Noninterest Income¹ Adjustment Items¹ $2,542 $940 $1,015 $858 $863 ($ in millions) Noninterest Income Declined Marginally from Prior Quarter

7 $1,532 $1,537 $1,510 $1,363 $1,397 $14 $189 2Q 12 3Q 12 4Q 12 1Q 13 2Q 13 Adjusted Noninterest Expense¹ Adjustment Items¹ Noninterest Expense 1. Please refer to the appendix for adjustment detail 2. Please refer to page 29 of the appendix for additional detail on cyclical costs NOTE: Totals may not foot due to rounding Prior Quarter Variance • Noninterest expense increased $34 million, or 2% → Primarily due to cyclical increases in operating losses and collections expense 2 → Partially offsetting these were reductions in core operating costs Prior Year Variance • Noninterest expense declined $149 million, or 10% → $57 million decline in credit-related costs and operating losses 2 → $25 million ecrease in employee compensation ($ in millions) $1,546 $1,397 $1,726 $1,510 $1,363 Expenses Down Significantly from Prior Year and Up Slightly from Prior Quarter

8 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 2Q 12, 3Q 12, 4Q 12, 1Q 13, and 2Q 13 were 68.8%, 44.9%, 65.9%, 64.5%, and 66.6%, respectively. Please refer to the appendix for the GAAP reconciliations Continue to Target <60% Long-term 68.3% 75.2% 66.0% 63.8% 66.4% 2Q 12 3Q 12 4Q 12 1Q 13 2Q 13 Elevated Due to $371 Million Mortgage Repurchase Provision

9 ($ in millions) 1. In 3Q 12, $544 million of nonperforming residential mortgage and CRE loans were either sold or transferred to held for sale, and a $172 million charge-off and provision for credit loss were recognized. In 4Q 12, $162 million of nonperforming residential mortgage and CRE loans were sold, and a $39 million charge-off and provision for credit loss were recognized. Also in 4Q 12, $232 million of loans that were discharged from Chapter 7 bankruptcy were reclassified as nonperforming, and a $79 million charge-off and provision for credit loss were recognized 2. In 2Q 13, $220 million of loans previously discharged from Chapter 7 bankruptcy were returned to performing status, due to their being current for six consecutive months from the time they were categorized as nonperforming Credit Quality Provision Expense1 $300 $278 $210 $212 $146 $172 $118 2Q 12 3Q 12 4Q 12 1Q 13 2Q 13 Core Provision Impact of Selected Items $450 $328 Net Charge-offs1 $350 $339 $280 $226 $179 $172 $118 1.14% 1.64% 1.30% 0.76% 0.59% 2Q 12 3Q 12 4Q 12 1Q 13 2Q 13 Core Net Charge-offs Impact of Selected Items NCOs to Avg. Loans (annualized) $511 $398 Nonperforming Assets1,2 Asset Quality Continued to Improve Allowance for Loan and Lease Losses $2,458 $1,731 $1,547 $1,467 $1,141 $342 $354 $310 $273 $254 2Q 12 3Q 12 4Q 12 1Q 13 2Q 13 Nonperforming Loans Other Assets $1,740 $1,857 $2,800 $2,085 $1,395 $2,300 $2,239 $2,174 $2,152 $2,125 1.85% 1.84% 1.80% 1.79% 1.75% 2Q 12 3 4 12 1Q 13 2Q 13 ALLL ($) ALLL Ratio

10 $56.2 $57.2 $57.6 $58.5 $59.4 $44.3 $43.9 $42.8 $41.4 $41.2 $20.2 $20.6 $19.6 $19.4 $19.5 2Q 12 3Q 12 4Q 12 1Q 13 2Q 13 Commercial Residential Consumer Loans Average Performing Loans Prior Quarter Variance • Commercial loan growth of $0.9 billion, or 1%, was driven by increases in C&I and commercial real estate • Guaranteed mortgage loan runoff continued Prior Year Variance • Performing loans were down slightly → Commercial increased $3.1 billion; C&I grew $3.7 billion, or 7%, partially offset by a combined $0.6 billion decline in CRE and commercial construction → Residential declined $3.2 billion, or 7%, due predominantly to guaranteed mortgage sales in 2H 12 → Consumer declined $0.7 billion, or 4%; the decline associated with guaranteed student loan sales was partially offset by a $0.8 billion organic increase in indirect loans NOTE: Totals may not foot due to rounding $120.8 $121.7 $120.0 $119.4 ($ in billions) Average Performing Loans Were Up Modestly from Prior Quarter $120.0

11 $36.6 $37.9 $39.4 $38.1 $38.7 $25.0 $24.8 $25.6 $26.4 $26.0 $41.9 $41.5 $42.5 $43.0 $41.8 $5.2 $5.2 $5.2 $5.5 $5.8 $17.2 $16.0 $15.2 $14.7 $14.2 2Q 12 3Q 12 4Q 12 1Q 13 2Q 13 DDA NOW Money Market Savings Time Deposits Average Client Deposits Prior Quarter Variance • Client deposits declined $1.1 billion → DDA up $0.6 billion, or 2% → Money market, NOW, and savings down a combined $1.2 billion, or 2% → Higher-cost time deposits down $0.5 billion, or 3% Prior Year Variance • Client deposits increased $0.7 billion, or 1% → Lower-cost deposits up $3.7 billion, or 3% → Higher-cost time deposits declined $3.0 billion, or 17% ($ in billions) NOTE: Totals may not foot due to rounding $125.9 $125.4 $127.9 $127.7 $126.6 Deposits Down from Prior Quarter and Up from Prior Year

12 1. 2Q 13 estimated. Please refer to the appendix for additional detail on the calculation 2. The total shareholders’ equity to total assets ratio was 11.54%, 11.78%, 12.10%, 12.29%, and 12.25% for periods ending 2Q 12, 3Q 12, 4Q 12, 1Q 13, and 2Q 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 $37.69, $37.35, $37.59, $37.89, and $37.65 for the periods ending 2Q 12, 3Q 12, 4Q 12, 1Q 13, and 2Q 13, respectively. See Appendix A within the earnings release for a reconcilement to book value per share Capital Levels and Ratios Remain Strong; Estimated Basel III Tier 1 Common Ratio of 9.5%¹ ($ in billions) Capital Position Tangible Common Equity Ratio2 Tangible Book Value Per Share3 1 $26.02 $25.72 $25.98 $26.33 $26.08 2Q 12 3Q 12 4Q 12 1Q 13 2Q 13 8.15% 8.31% 8.38% 8.57% 8.51% 2Q 12 3Q 12 4Q 12 1Q 13 2Q 13 $12.8 $13.2 $13.5 $13.9 $14.2 9.40% 9.82% 10.04% 10.13% 10.15% 2Q 12 3Q 12 4Q 12 1Q 13 2Q 13 Basel I Tier 1 Common $ Basel I Tier 1 Common % ¹

13 Consumer Banking and PWM Income Statement Highlights 2Q 12 2Q 13 %Change Net Interest Income (FTE) $682 $646 (5%) Noninterest Income 389 372 (4%) Total Revenue (FTE) 1,071 1,018 (5%) Provision for Credit Losses 128 99 (23%) Noninterest Expense 756 690 (9%) Net Income $120 $145 21% Key Statistics ($ in billions) Tangible Efficiency Ratio1 67.7% 65.4% Total Loans2 $42.2 $40.3 (5%) Consumer and Commercial Deposits2 $84.6 $83.9 (1%) 1. Reported efficiency ratios were 70.6% and 67.7% for 2Q 12 and 2Q 13, respectively. The impact from excluding the amortization of intangible assets was (3.0%) and (2.3%) for 2Q 12 and 2Q 13, respectively 2. Average balances 3. Comparisons are 2Q 12 versus 2Q 13 unless otherwise noted NOTE: Totals may not foot due to rounding. Prior year results have been restated to include the effect of moving small business banking from Wholesale Banking to Consumer Banking and Private Wealth Management during the second quarter of 2013 Highlights3 • Net income up 21% • Provision for credit losses lower due to continued asset quality improvement in home equity • Expenses down 9% as a result of ongoing efficiency focus • Efficiency ratio improved over 200 basis points to 65.4% • Loan balances down as a result of $2 billion student loan sales in 4Q 12, otherwise balances were stable • Favorable deposit mix trends continued resulting in lower deposit rates paid • Continued to see strong loan production across most products—Consumer loan production up 16% ($ in millions)

14 Wholesale Banking Income Statement Highlights 2Q 12 2Q 13 % Change Net Interest Income (FTE) $408 $426 4% Noninterest Income 334 333 --% Total Revenue (FTE) 742 759 2% Provision for Credit Losses 57 18 (68)% Noninterest Expense 450 405 (10)% Net Income $168 $230 37% Key Statistics ($ in billions) Tangible Efficiency Ratio1 58.9% 52.2% Total Loans2 $50.3 $53.5 6% Consumer and Commercial Deposits2 $37.7 $39.0 3% 1. Reported efficiency ratios were 60.7% and 53.5% for 2Q 12 and 2Q 13, respectively. The impact from excluding the amortization of intangible assets was (1.8%) and (1.3%) for 2Q 12 and 2Q 13, respectively. 2. Average balances 3. Comparisons are 2Q 12 versus 2Q 13 NOTE: Totals may not foot due to rounding. Prior year results have been restated to include the effect of moving small business banking from Wholesale Banking to Consumer Banking and Private Wealth Management during the second quarter of 2013 Highlights3 • Net income up 37%; second highest quarter on record • Loan growth of 6%, with continued growth in C&I • Another strong quarter for Corporate and Investment Banking—third highest net income quarter ever → Continued growth in lead relationships • CRE was again profitable and grew loan balances sequentially with marked production increases from prior year • Provision for credit losses lower due to continued asset quality improvement in CRE and commercial construction • Net interest income up 4% due to loan growth • Noninterest expenses down 10% due to reduced OREO costs • Efficiency ratio improved over 650 basis points ($ in millions)

15 Mortgage Banking Income Statement Highlights 2Q 12 2Q 13 % Change Net Interest Income (FTE) $131 $141 8% Noninterest Income 179 131 (27)% Total Revenue (FTE) 310 272 (12)% Provision for Credit Losses 165 61 (63)% Noninterest Expense 343 339 (1)% Net Loss ($116) ($76) 34% Key Statistics ($ in billions) Tangible Efficiency Ratio1 111% 125% Total Loans2 $30.8 $27.6 (11)% Consumer and Commercial Deposits2 $3.6 $3.7 5% Production Volume $8.3 $9.1 10% 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. Average balances 3. Comparisons are 2Q 12 versus 2Q 13 unless otherwise noted 4. Please refer to page 29 of the appendix for additional detail on cyclical costs; the sequential quarter increases in operating losses and collection expenses were driven by the Mortgage Banking segment NOTE: Totals may not foot due to rounding Highlights3 • Net loss reduced by 34% → $104 million improvement in provision for credit losses → Noninterest income declined due to lower gain on sale margin and servicing revenue, partially offset by higher volume-driven origination fees and lower repurchase provision • Sequential quarter net loss increased, primarily due to lower servicing revenue and increased cyclical costs 4 • Production volume of $9 billion was the highest level since 3Q 09, up 10% from the prior year and 3% from the prior quarter → Purchase volume increased by $1.4 billion sequentially and accounted for 34% of volume, up from 20% in 1Q 13 → Refinance volume expected to decline in 2H 13 if higher mortgage rates are sustained • Channel optimization continued; Consumer Direct accounted for 14% of closed loans, up from 8% in 2Q 12 ($ in millions)

16 2Q 13 Summary Earnings • Earnings per diluted share of $0.68, up 36% compared to $0.50 per share in the prior year • Net income available to common shareholders grew to $365 million Revenue • Net interest income 1% lower sequentially due to lower commercial loan swap income • Noninterest income declined slightly from the prior quarter, as broad-based growth in most categories was offset by lower mortgage revenue Expenses • Expenses down 10% from prior year, due to widespread reductions in core operating and cyclically high costs 1 • Expenses increased 2% from prior quarter. Core operating costs declined; cyclical costs higher 1 Balance Sheet • Average performing loans $0.6 billion higher than prior quarter; portfolio diversification continued, with increases in C&I and CRE • Average deposits up 1% from prior year, as DDA increased, while higher-cost time deposits continued to runoff. Average deposits down 1% from prior quarter, as an increase in DDA was more than offset by declines in MMA and NOW balances Credit and Capital • Nonperforming loans declined 22% from prior quarter • Net charge-off ratio improved to 0.59% annualized • NPLs and NCOs at their lowest levels in over five years • Tier 1 common ratio increased to 10.15% (estimated) • Quarterly common stock dividend increased from $0.05 to $0.10 per share, and $50 million of common stock was repurchased

Appendix

18 Securities Portfolio Available for Sale 1Q 13 2Q 13 $ Change U.S. Treasury and Agencies $3.1 $3.0 ($0.1) MBS – Agency 19.2 18.9 (0.3) U.S. States and Subdivisions 0.3 0.3 - Other 1.2 1.2 - Total Available for Sale $23.8 $23.4 ($0.4) ($ 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: 2Q 12 3Q 12 4Q 12 1Q 13 2Q 13 2Q 13 Loan Balance 30-89 Accruing Delinquencies Commercial & industrial 0.15% 0.16% 0.15% 0.17% 0.14% $55,070 Commercial real estate 0.17 0.44 0.26 0.18 0.34 4,308 Commercial construction 0.15 0.04 0.07 0.03 0.01 667 Total Commercial Loans 0.15 0.18 0.16 0.17 0.16 $60,045 Residential mortgage – guaranteed - - - - - $3,622 Residential mortgage – non-guaranteed 1.05 1.05 0.82 0.76 0.70 23,341 Home equity products 0.99 0.95 1.00 0.79 0.78 14,682 Residential construction 0.84 1.54 2.03 1.04 1.07 635 Total Residential Loans¹ 1.02 1.02 0.91 0.78 0.74 $42,280 Guaranteed student loans - - - - - $5,431 Other direct 0.62 0.72 0.61 0.52 0.64 2,483 Indirect 0.43 0.53 0.62 0.38 0.44 11,151 Credit card 1.06 1.01 1.08 1.03 0.89 641 Total Consumer Loans² 0.49 0.58 0.64 0.44 0.50 $19,706 Total SunTrust - excluding government-guaranteed delinquencies³ 0.51% 0.53% 0.48% 0.41% 0.40% $122,031 Impact of excluding government-guaranteed delinquencies 0.46% 0.42% 0.45% 0.37% 0.31% Total SunTrust - including government-guaranteed delinquencies4 0.97% 0.95% 0.93% 0.78% 0.71% ($ in millions) Delinquencies Remained at Low Levels

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. In 2Q 13, $220 million of loans previously discharged from Chapter 7 bankruptcy were returned to performing status, due to their being current for six consecutive months from the time they were categorized as nonperforming NOTE: Totals may not foot due to rounding Memo: 2Q 12 3Q 12 4Q 12 1Q 13 2Q 13 2Q 13 Loan Balance Nonperforming Loans Commercial & industrial $331 $288 $195 $205 $227 $55,070 Commercial real estate1,3 233 119 66 59 54 4,308 Commercial construction 131 75 34 25 23 667 Total Commercial Loans $695 $482 $294 $289 $304 $60,045 Residential mortgages – guaranteed - - - - - $3,622 Residential mortgages – nonguaranteed1,2,3 $1,286 $786 $775 $721 $516 23,341 Home equity products2,3 302 310 341 334 225 14,682 Residential construction 154 129 112 102 84 635 Total Residential Loans $1,742 $1,225 $1,228 $1,157 $825 $42,280 Guaranteed student loans - - - - - $5,431 Other direct $4 $6 $6 $6 $4 2,483 Indirect 17 18 18 15 8 11,151 Credit cards - - - - - 641 Total Consumer Loans $21 $24 $25 $21 $12 $19,706 Total $2,458 $1,731 $1,547 $1,467 $1,141 $122,031 ($ in millions) 22% Sequential Quarter and 54% 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 Since 4Q 07 Memo: 2Q 12 3Q 12 4Q 12 1Q 13 2Q 13 2Q 13 Loan Balance Net Charge-off %'s to Avg. Loans (annualized) Commercial Loans Commercial & industrial 0.26% 0.25% 0.44% 0.33% 0.30% $55,070 Commercial real estate1,3 0.89 2.71 0.94 0.24 0.24 4,308 Commercial construction 7.70 2.66 (0.33) (0.13) (0.34) 667 Total Commercial Loans 0.45 0.49 0.46 0.32 0.29 $60,045 Residential Loans Residential mortgages – guaranteed - - - - - $3,622 Residential mortgages – nonguaranteed1,2,3 1.84 4.20 2.71 1.25 0.94 23,341 Home equity products2,3 2.64 3.69 3.60 1.79 1.55 14,682 Residential construction 25.16 9.99 4.31 10.90 4.80 635 Total Residential Loans 2.33 3.63 2.75 1.48 1.13 $42,280 Consumer Loans Guaranteed student loans - - - - - $5,431 Other direct 1.55 1.88 1.92 1.19 1.11 2,483 Indirect 0.19 0.32 0.37 0.46 0.17 11,151 Credit cards 4.47 3.18 3.18 3.40 3.13 641 Total Consumer Loans 0.38 0.46 0.53 0.52 0.34 $19,706 Total 1.14% 1.64% 1.30% 0.76% 0.59% $122,031 ($ 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: 2Q 12 3Q 12 4Q 12 1Q 13 2Q 13 2Q 13 Loan Balance Net Charge-off $'s Commercial Loans Commercial & industrial $33 $33 $58 $44 $42 $55,070 Commercial real estate1,3 11 32 10 2 3 4,308 Commercial construction 19 6 (1) (0) (1) 667 Total Commercial Loans $63 $71 $68 $45 $44 $60,045 Residential Loans Residential mortgages – guaranteed - - - - - $3,622 Residential mortgages – nonguaranteed1,2,3 $110 $255 $161 $71 $54 23,341 Home equity products2,3 102 140 135 65 57 14,682 Residential construction 56 20 8 20 8 635 Total Residential Loans $268 $415 $304 $156 $119 $42,280 Consumer Loans Guaranteed student loans - - - - - $5,431 Other direct $9 $11 $11 $7 $6 2,483 Indirect 4 9 10 13 5 11,151 Credit cards 6 5 5 5 5 641 Total Consumer Loans $19 $25 $25 $25 $16 $19,706 Total $350 $511 $398 $226 $179 $122,031 NCOs at Lowest Level Since 4Q 07 ($ in millions)

23 $2,699 $2,640 $2,501 $2,499 $2,781 $694 $482 $639 $655 $415 2Q 12 3Q 12 4Q 12 1Q 13 2Q 13 Accruing Nonaccruing Troubled Debt Restructuring (TDR) Composition TDR Trend Prior Quarter Variance • Nonaccruing loans previously discharged from Chapter 7 bankruptcy were returned to performing status, due to their being current for six consecutive months from the time they were categorized as nonaccruing → Resulted in $220 million of loans being reclassified from nonaccruing to accruing TDR Prior Year Variance • Total TDRs declined by 6% → Accruing balances up slightly, while nonaccruing dropped 40% Prior Quarter Variance • Current TDRs were up due to the previously noted Chapter 7 bankruptcy loans returning to accruing status Prior Year Variance • Early stage TDRs up slightly, also due to Chapter 7 bankruptcy loans $3,196 $3,393 $3,154 $3,122 $3,140 ($ in millions) Mortgage and Consumer Loans Represent 95% of Accruing TDRs; 91% are Current on Principal and Interest Payments Early Stage Accruing TDR Delinquencies $2,424 $2,361 $2,281 $2,305 $2,554 $146 $161 $126 $115 $150 $74 $70 $57 $44 $44 2Q 12 3Q 12 4Q 12 1Q 13 2Q 13 Current 30-59 DLQ 60-89 DLQ

24 Commercial Loan Swap Interest Income Commercial Loan Swap Interest Income Expected to be Stable Through 2013 Swap Income Forecast 1. 1M Libor forecast = 25bps throughout the forecast horizon Key Points • Additional commercial loan swaps were added at the end of 2Q 13 • Swap income is expected to remain stable for the remainder of 2013, then decline gradually in 2014 • As swaps mature, asset sensitivity increases • SunTrust receives a fixed rate and pays a floating rate (1 month LIBOR) on the notional value of the swaps ($ in millions) $114 $100 $100 $100 $100 $96 $90 $73 Q 13 2Q 13 3Q 13 4Q 13 1Q 14 2Q 14 3Q 14 4Q 14 Ac tu al Ac tu al

25 NOTE: Totals may not foot due to rounding ($ in millions) Noninterest Income Reconciliation 2Q 12 3Q 12 4Q 12 1Q 13 2Q 13 Total Noninterest Income $940 $2,542 $1,015 $863 $858 Adjustment Items: Securities Gains 14 1,941 1 2 - 3Q-4Q 12 Student and Ginnie Mae Loan Sale (Losses) (Other Income) - (92) - - - FMV and ARS (Trading Income) 1 6 31 14 3 Debt and SILC Valuation (Trading Income) (2) (47) (23) (24) 8 Fair Value Adjustments (Mortgage Production) 6 5 5 (3) (7) Total Adjustments 20 1,812 15 (11) 3 Adjusted Noninterest Income $920 $729 $1,000 $875 $855

26 Repurchase demands declined Summary Statistics Charge-offs increased as the pace of resolution accelerated Pending demands declined as a result of increased resolution volume and fewer new demands 1. Includes estimates 2. Amount is an estimate and is included in the $88.6 billion of remaining UPB NOTE: Totals may not foot due to rounding Mortgage Repurchase Trends Period-end Balance $652 $690 $655 $559 % Non-Agency 1% 3% 2% 2% ($ in millions) 2Q 12 3Q 12 4Q 12 1Q 13 2Q 13 $419 2% ($ in millions) 2Q 12 3Q 12 4Q 12 1Q 13 2005 & Prior $30 $20 $27 $26 2006 101 78 78 108 2007 247 213 187 255 2008 86 68 64 72 2009 - 2013 25 26 29 29 Total $489 $405 $384 $491 % Non-Agency 1% 2% 2% 1% 2Q 13 $29 108 238 34 28 $438 1% Beginning Balance $383 $434 $694 $632 Additions 155 371 12 14 Charge-Offs (104) (111) (74) (133) Ending Balance $434 $694 $632 $513 ($ in millions) 2Q 12 3Q 12 4Q 12 1Q 13 2Q 13 $513 15 (165) $363 Sold UPB $251.9 Remaining UPB 88.6 Cumulative Repurchase Requests 7.7 Requests Resolved 7.2 Losses Recognized to Date 1.9 2Q 2013 Reserve 0.4 Income Statement Impact to Date 2.2 Memo: Non-Agency UPB 2 $11.9 Metric (2005 – 2013 vintages) 1 Amount ($B)

27 Mortgage Servicing Income Supplemental Information ($ in millions) 1. Includes contractually specified servicing fees, late charges, and other ancillary revenues 2. Due primarily to the receipt of monthly servicing fees and from prepayments 3. Fair value mark-to-market of the Mortgage Servicing Rights asset from changes in market rates and other assumption updates, exclusive of the "decay” 4. Impact of using derivatives to hedge the risk of changes in the fair value of the MSR NOTE: Totals may not foot due to rounding 2Q 12 3Q 12 4Q 12 1Q 13 2Q 13 Servicing Fees 1 $82 $79 $83 $77 $77 (54) (61) (68) (73) (78) Changes in MSR Valuation Due to Inputs / Assumptions 3 (227) (55) 44 90 160 Hedging Activity 4 269 101 (14) (56) (158) Net Hedge 42 46 31 34 2 Mortgage Servicing Income $70 $64 $45 $38 $1 Memo: Total Loans Serviced for Others $118,887 $115,814 $113,243 $111,973 $109,307 Annualized Servicing Fees / Total Loans Serviced for 28 27 29 28 28 Others (bps) Changes in MSR Value from Collection / Realization of Cash Flow ("Decay") 2

28 Noninterest Expense Reconciliation ($ in millions) 2Q 12 3Q 12 4Q 12 1Q 13 2Q 13 Total Noninterest Expense $1,546 $1,726 $1,510 $1,363 $1,397 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) 1 29 - - - Total Adjustments 14 189 - - - Adjusted Noninterest Expense $1,532 $1,537 $1,510 $1,363 $1,397

29 Additional Noninterest Expense Disclosure Credit-Related Expenses and Operating Losses Cyclical Costs Down 31% from Prior Year. Normalized Annual Costs Still Expected to be < $325 Million ($ in millions) $69 $71 $77 $39 $72 $52 $30 $8 $1 $45 $48 $41 $20 $38 $16 $17 $16 $12 $14 2Q 12 3Q 12 4Q 12 1Q 13 2Q 13 Operating Losses Other Real Estate (Other Exp.) Collection Services (Other Exp.) Credit Services (Other Exp.) $182 $166 $142 $71 $125

30 Reconciliation of Tier 1 Common Equity Ratio1 2Q 13 Tier 1 Common Equity - Basel I $14.2 Adjustments from Basel I to Basel III 2 0.0 Tier 1 Common Equity - Basel III 3 $14.2 Risk-weighted Assets - Basel I $139.0 Adjustments from Basel I to Basel III 4 9.7 Risk-weighted Assets - Basel III 3 $148.7 Tier 1 Common Equity Ratio Basel I 10.2% Basel III 3 9.5% ($ in billions) 1. The Tier 1 common equity ratio is a financial measure that is used by regulators, bank management, and investors to assess the capital position of financial services companies. The Tier 1 common equity ratio as calculated for Basel III is considered non-GAAP, and as such we have presented a reconciliation to the Tier 1 common equity ratio under Basel I that is currently used by regulators. All figures are estimated at the time of the earnings release and subject to revision 2. Improved treatment of mortgage servicing assets essentially offset by disallowed deferred tax assets 3. The Basel III calculations of Tier 1 common equity, risk-weighted assets, and the Tier 1 common equity ratio are based upon the Company's interpretation of the final Basel III rules issued by the Federal Reserve on July 2, 2013, on a fully-phased-in basis. The Company's interpretation of the rules is subject to change, and as such, so are its estimated Basel III calculations 4. The largest differences between the risk-weighted assets as calculated under Basel I versus Basel III for SunTrust relate to the risk-weightings for certain commercial loans, unfunded commitments and mortgage servicing assets NOTE: Totals may not foot due to rounding

31 Reconciliation of Efficiency Ratio 1. Adjusted revenue and expenses are provided as they remove certain items that are material and/or potentially non-recurring. Adjusted figures are intended to provide management and investors information on trends that may be more easily compared to other institutions NOTE: Totals may not foot due to rounding ($ in millions) 2Q 12 3Q 12 4Q 12 1Q 13 2Q 13 Reported (GAAP) Basis Total Revenue - FTE $2,246 $3,843 $2,291 $2,114 $2,100 Total Noninterest Expense 1,546 1,726 1,510 1,363 1,397 Amortization of Intangibles / Impairment of Goodwill 11 17 7 6 6 Efficiency Ratio 68.8% 44.9% 65.9% 64.5% 66.5% Tangible Efficiency Ratio 68.3% 44.5% 65.6% 64.2% 66.3% Adjusted Basis 1 Reported Revenue $2,246 $3,843 $2,291 $2,114 $2,100 Adjustment Items: Securities Gains 14 1,941 1 2 - 3Q-4Q 12 Student / Ginnie Mae Loan Sale (Losses) - (92) - - - FMV and ARS 1 6 31 14 3 Debt and SILC Valuation (2) (47) (23) (24) 8 Fair Value Adjustments 6 5 5 (3) (7) Adjusted Revenue $2,226 $2,030 $2,276 $2,125 $2,097 Reported Noninterest Expense $1,546 $1,726 $1,510 $1,363 $1,397 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 1 29 - - - Adjusted Expense $1,532 $1,537 $1,510 $1,363 $1,397 Efficiency Ratio - Adjusted Basis 68.8% 75.7% 66.3% 64.1% 66.6% Tangible Efficiency Ratio - Adjusted Basis 68.3% 75.2% 66.0% 63.8% 66.3%

32 Reconciliation of Non GAAP Measures Jun 30 Sep 30 Dec 31 Mar 31 Jun 30 2012 2012 2012 2013 2013 Total shareholders' equity $20.6 $20.4 $21.0 $21.2 $21.0 Goodwill, net of deferred taxes (6.2) (6.2) (6.2) (6.2) (6.2) Other intangible assets including MSRs, net of deferred taxes (0.9) (0.9) (0.9) (1.1) (1.2) MSRs 0.9 0.8 0.9 1.0 1.2 Tangible equity 14.3 14.1 14.7 14.9 14.8 Preferred stock (0.3) (0.3) (0.7) (0.7) (0.7) Tangible common equity $14.0 $13.9 $14.0 $14.2 $14.0 Total assets $178.3 $173.2 $173.4 $172.4 $171.5 Goodwill (6.4) (6.4) (6.4) (6.4) (6.4) Other intangible assets including MSRs (0.9) (0.9) (1.0) (1.1) (1.2) MSRs 0.9 0.8 0.9 1.0 1.2 Tangible assets $171.8 $166.7 $167.0 $166.0 $165.1 Tangible equity to tangible assets 8.31% 8.48% 8.82% 9.00% 8.95% Tangible common equity to tangible assets 8.15% 8.31% 8.38% 8.57% 8.51% Tangible book value per common share $26.02 $25.72 $25.98 $26.33 $26.08 NOTE: Totals may not foot due to rounding ($ in billions, except per share data)