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): October 18, 2013

SunTrust Banks, Inc.

__________________________________________

(Exact name of registrant as specified in its charter)

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

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

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

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

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

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

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

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

Item 2.02 Results of Operations and Financial Condition.

Item 7.01 Regulation FD.

On October 18, 2013, SunTrust Banks, Inc. (the “Registrant”) announced financial results for the period ended September 30, 2013. A copy of the news release announcing such results is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The Registrant intends to hold an investor call and webcast to discuss these results on October 18, 2013, at 8:00 a.m. Eastern time. Additional presentation materials relating to such call are furnished hereto as Exhibit 99.2 and are incorporated herein by reference.

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

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

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

SIGNATURE

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

		SUNTRUST BANKS, INC.
		(Registrant)
Date:	October 18, 2013	By: /s/ Thomas E. Panther
		Thomas E. Panther,
		Senior Vice President, Director of Corporate Finance and Controller

EX-99.1

Exhibit 99.1

News Release

Contact:
Investors	Media
Ankur Vyas	Mike McCoy
(404) 827-6714	(404) 588-7230

For Immediate Release

October 18, 2013

SunTrust Reports Third Quarter2013 Results

Overall Results Impacted by Previously Announced Resolutions of Key Legacy Mortgage Matters

Solid Core Results Despite Mortgage Revenue Headwinds

ATLANTA -- SunTrust Banks, Inc. (NYSE: STI) today reported net income available to common shareholders of $179 million, or $0.33 per average common diluted share, for the third quarter of 2013. The current quarter's results were negatively affected by $0.33 per share due to specific items the Company previously announced on October 10, 2013 (summarized below). Excluding these items, earnings per share was $0.66, which compares to earnings per share of $0.68 in the prior quarter. The reported earnings per share for the third quarter of last year was $1.98, which included a positive $1.40 related to specific balance sheet actions; excluding those items, earnings per share was $0.58. Earnings per share, excluding significant items impacting this quarter and the third quarter of 2012, increased 14% compared to last year.

Summary of October 10, 2013 8-K Items

• The Company resolved certain legacy legal matters, most notably regarding Federal Housing Administration origination practices and the National Mortgage Servicing Settlement, which negatively impacted noninterest expense by $323 million.

• As a result of the repurchase settlements reached with Freddie Mac and Fannie Mae, an additional $63 million was added to the Company's mortgage repurchase reserve, which negatively affected noninterest income.

• The Company concluded an expanded review of its servicing advance practices and subsequently increased its allowance for servicing advances, which negatively impacted noninterest expense by $96 million.

• Certain tax matters resulted in a combined after-tax benefit of $113 million that positively affected the provision for income taxes.

• In aggregate, the above items negatively impacted net income available to common shareholders in the third quarter by $179 million, after-tax, or $0.33 per share.

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

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Third Quarter2013 Financial Highlights

Income Statement

• Net income available to common shareholders was $179 million, or $0.33 per average common diluted share, which was negatively affected by $0.33 per share due to the aforementioned significant items. Excluding these items, earnings per share was $0.66, compared to $0.68 in the prior quarter.

• Net interest income was substantially unchanged relative to the previous quarter as six basis points of net interest margin compression was largely offset by growth in average earning assets of 0.5% and one additional day in the current quarter.

• Noninterest income decreased compared to the prior quarter due primarily to a significant decline in core mortgage production income, as well as the additional mortgage repurchase provision recognized in conjunction with the agency mortgage repurchase settlements. Investment banking had another strong quarter, and mortgage servicing income also increased relative to the prior quarter.

• Noninterest expense increased $346 million compared to the prior quarter due to the resolution of the aforementioned significant items. Excluding the impact of these items, noninterest expense declined $73 million sequentially, primarily due to lower employee compensation and benefits expense.

Balance Sheet

• Average performing loans increased $1.6 billion on a sequential quarter basis with growth across several loan portfolios. Average performing loans were stable compared to the third quarter of last year, as targeted growth in C&I loans offset the impact from the sales of government guaranteed loans in the second half of 2012.

• Average client deposits were stable compared to the prior quarter and increased $1.3 billion from the third quarter of last year, with the favorable mix shift toward lower-cost deposits continuing.

Capital

• Estimated capital ratios continued to be well above regulatory requirements. The Tier 1 common equity ratio was an estimated 9.92%.

• In conjunction with its capital plans announced in the first quarter, the Company repurchased an additional $50 million of its common shares during the third quarter and paid a quarterly common stock dividend of $0.10 per share.

Asset Quality

• The risk profile of the balance sheet continued to improve. Nonperforming loans decreased 9% during the quarter and were 0.83% of total loans at September 30, 2013, compared to 0.94%last quarter and1.42% for the third quarter of 2012.

• Annualized net charge-offs decreased to 0.47% of average loans compared to 0.59% and 1.64% in the prior quarter and the third quarter of last year, respectively.

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

• In light of improved credit quality, the provision for credit losses declined 35% compared to the prior quarter and 79% compared to the third quarter of last year.

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

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

Consolidated Financial Performance Details

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

Revenue

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

Total revenue was $6.1 billion for the nine months ended September 30, 2013.  Total revenue was $8.3 billion for the nine months ended September 30, 2012, and included $2.0 billion of net securities gains.  Excluding net securities gains, the decline was driven by lower net interest income and mortgage-related revenues, excluding the repurchase provision, partially offset by a lower mortgage repurchase provision and higher investment banking and wealth management revenues.

Net Interest Income

Net interest income was $1.2 billion for the current quarter, substantially unchanged from the prior quarter as a lower net interest margin was largely offset by higher average earning asset balances. Net interest income decreased

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$61 million compared to the third quarter of last year. The decline was driven by lower earning asset yields, the impact of loan sales in the second half of 2012, and a decrease in commercial loan-related swap income. Partially offsetting these impacts was lower interest expense driven by decreases in deposit rates, a reduction in long-term debt, and a favorable shift in the deposit mix.

The net interest margin for the third quarter was 3.19%, a decrease of six basis points from the prior quarter as earning asset yields declined seven basis points as a result of the continued low interest rate environment. The decrease in earning asset yields was partially offset by a two basis point reduction in interest-bearing liability costs due to a modest decrease in deposit rates. The 19 basis point decline in the net interest margin from the third quarter of last year was primarily due to a 30 basis point decrease in earning asset yields, driven by the continued low interest rate environment, partially offset by a 14 basis point reduction in rates paid on interest-bearing liabilities, primarily on time deposits and long-term debt.

For the nine months endedSeptember 30, 2013, net interest income was $3.7 billion, a decrease of $216 million, or 5%, compared to the first nine months of 2012. For the same time periods, the net interest margin was 3.25% in 2013 compared to 3.42% in 2012. The primary drivers of the decreases in net interest income and net interest margin are consistent with those described in the quarterly comparisons above; further contributing to the decline was the foregone dividend income in 2013 related to the third quarter of 2012 early termination of agreements regarding the shares formerly owned in The Coca-Cola Company.

Noninterest Income

Total noninterest income was $680 million for the current quarter compared to $858 million for the prior quarter and $2.5 billion for the third quarter of last year. Excluding securities gains, total noninterest income was $680 million for the current quarter compared to $858 million for the prior quarter and $601 million for the third quarter of last year. Compared to the prior quarter, the $178 million decrease was primarily due to lower mortgage-related income, including the impact of both a higher provision for mortgage repurchases related to agency settlements reached during the current quarter and a decline in core mortgage production income, as well as the impact of impairment of certain lease financing assets in the current quarter. Compared to the third quarter of last year, the $79 million increase was due to a reduction in the mortgage repurchase provision, lower valuation losses on held for sale student and mortgage loans and the Company's fair value debt, and broad based increases in fee income, particularly wealth management and investment banking. These increases were partially offset by reductions in core mortgage production income and mortgage servicing income.

Mortgage production income for the current quarter was a loss of $10 million compared to income of $133 million for the prior quarter and a loss of $64 million for the third quarter of last year. The $143 million sequential quarter decrease was driven by (i) declines in production volume and gain on sale margins due to the increase in mortgage rates and (ii) an increase in the mortgage repurchase provision related to the previously announced agency repurchase settlements. Compared to the third quarter of last year, mortgage production income increased $54 million due to the decline in the mortgage repurchase provision, which was partially offset by reduced production volume and gain on sale margins. At September 30, 2013, the reserve for mortgage repurchases totaled $281 million, which was net of the cash payment to Freddie Mac regarding the previously announced settlement agreement; the reserve is expected to significantly decline in the fourth quarter of 2013 once the cash payment associated with the Fannie Mae settlement is made.

Mortgage servicing income was $11 million for the current quarter compared to $1 million for the prior quarter and $64 million for the third quarter of last year. The $10 million sequential quarter increase was largely due to a slower pace of loan prepayments impacting the mortgage servicing asset value. The $53 million decline compared to the third quarter of last year was due primarily to lower net hedge performance. At September 30, 2013, the servicing portfolio was $140 billion compared to $150 billion at September 30, 2012.

Investment banking income was $99 million for the current quarter compared to $93 million in the prior quarter and $83 million in the third quarter of last year. The increases were driven by growth in M&A advisory and equity transaction fee revenue.

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Trading income was $33 million for the current quarter compared to $49 million for the prior quarter and $19 million for the third quarter of last year. The $16 million sequential quarter decrease was due to a $6 million mark-to-market valuation loss on the Company's fair value debt in the current quarter compared to a valuation gain of $8 million in the prior quarter. The $14 million increase in trading income compared to the third quarter of last year was largely driven by a $41 million decline in mark-to-market valuation losses on the Company's fair value debt, partially offset by a decline in core trading income, which was impacted by reduced client fixed income trading activity.

Other noninterest income was $10 million for the current quarter compared to $44 million for the prior quarter and a loss of $31 million for the third quarter of last year. The $34 million sequential quarter decrease was driven by a $37 million impairment of lease financing assets as a result of updated market indications of the residual values of certain assets. The $41 million increase from the third quarter of last year was due to a $92 million loss in the third quarter of last year related to guaranteed student and mortgage loans transferred to held for sale, partially offset by the current quarter lease financing impairment.

For the nine months ended September 30, 2013, noninterest income was $2.4 billion. For the nine months ended September 30, 2012, noninterest income was $4.4 billion and included $2.0 billion of net securities gains.  Excluding net securities gains, noninterest income was relatively unchanged over these two nine-month periods. Declines in core mortgage production income and mortgage servicing income were offset by a reduction in the mortgage repurchase provision and higher investment banking and wealth management revenue.

Noninterest Expense

Noninterest expense was $1.7 billion for the current quarter compared to $1.4 billion for the prior quarter and $1.7 billion for the third quarter of last year. The sequential quarter increase of $346 million was entirely due to the current quarter impacts from the legal settlements and the increase in the mortgage servicing advances allowance announced on October 10, 2013, and partially offset by lower employee compensation expense. The $17 million, or 1%, increase from the third quarter of last year was also a result of the previously announced actions impacting the current quarter, largely offset by declines in almost all other noninterest expense categories due to improved efficiency, as well as valuation losses recognized in the third quarter of last year related to the planned sale of affordable housing investments.

Employee compensation and benefits expense was $682 million in the current quarter compared to $737 million for the prior quarter and $780 million for the third quarter of last year. Of the sequential quarter decrease of $55 million, $37 million pertained to a reversal of previously accrued incentive compensation, in light of this quarter's lower corporate profitability. The $98 million decrease from the third quarter of last year was due primarily to the same factors as the sequential quarter decline, as well as a 6% reduction in full-time equivalent employees in the current quarter compared to the third quarter of last year.

Operating losses were $350 million in the current quarter compared to $72 million in the prior quarter and $71 million in the third quarter of last year. The increases compared to the prior quarter and third quarter of last year were due to the previously announced legal matters that were resolved this quarter.

Compared to the prior quarter, FDIC insurance and regulatory expense increased $4 million due to incremental regulatory supervisory fees. The $22 million decline compared to the third quarter of last year was due to a decrease in the Company's FDIC insurance assessment rate, reflecting the Company's reduced risk profile. Outside processing and software expenses were stable compared to the prior quarter and increased $19 million compared to the third quarter of last year, primarily due to technology and training investments. Marketing and customer development was stable sequentially, but decreased $41 million from the third quarter of last year as a result of the Company's charitable contribution of previously owned shares in The Coca-Cola Company during the third quarter of last year.

Other noninterest expense was $305 million in the current quarter compared to $191 million in the prior quarter and $402 million for the third quarter of last year. The $114 million increase from the prior quarter was primarily driven by higher collections expenses related to the previously announced servicing advances reserve increase. The $97 million decrease from the third quarter of last year was primarily due to specific third quarter of 2012 actions,

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including a $96 million valuation loss related to affordable housing investments, $29 million in severance expense, and $17 million in real estate charges as the Company reassessed some of its corporate real estate leases and holdings. Also driving the decline from the third quarter of last year were decreases in other real estate and consulting expenses, partially offset by higher collection expense related to the servicing advances reserve increase.

For the nine months endedSeptember 30, 2013, noninterest expense was $4.5 billion compared to $4.8 billion in 2012. The $310 million, or 6%, decrease was due to the continued declines across most expense categories due to improved efficiency, partially offset by the expenses related to the previously announced actions this quarter.

Income Taxes

For the current quarter, the Company recorded an income tax benefit of $146 million compared to income tax expenses of $146 million for the prior quarter and $551 million for the third quarter of last year. The tax benefit in the current quarter was due to the impacts of the October 10, 2013 8-K items, including the completion of a taxable reorganization of certain subsidiaries. The high level of income tax expense in the third quarter of 2012 was primarily driven by the taxable gain the Company recognized upon the early termination of the agreements regarding the shares it previously owned in The Coca-Cola Company.   

Balance Sheet

At September 30, 2013, the Company had total assets of $172 billion and shareholders’ equity of $21 billion, representing 12% of total assets. Book value and tangible book value per common share increased slightly compared to June 30, 2013, and were $37.85 and $26.27, respectively.

Loans

Average performing loans were $121.6 billion for the current quarter, an increase of $1.6 billion, or 1%, from the prior quarter driven by growth in most loan categories, most notably a $788 million, or 4%, increase in nonguaranteed residential mortgage loans and a $353 million, or 8%, increase in commercial real estate loans. Partially offsetting the average quarterly increase was a decline in government guaranteed residential mortgage loans of $242 million, or 6%. Average performing loans decreased $124 million compared to the third quarter of last year. The decline was due to government guaranteed student and mortgage loans, which decreased $1.7 billion and $1.9 billion, respectively, due to sales during 2012. Partially offsetting these declines were increases in C&I loans of $2.7 billion, or 5%, and consumer loans (excluding guaranteed student loans) of $861 million, or 6%.

Deposits

Average client deposits for the current and prior quarter were $126.6 billion compared to $125.4 billion for the third quarter of last year. Average deposits increased $39 million during the quarter due to a $1.2 billion, or 3%, increase in money market balances, which was almost entirely offset by declines in other deposit product balances. The $1.3 billion, or 1%, increase compared to the third quarter of last year was driven by lower-cost deposit growth of $3.5 billion, or 3%, partially offset by a decrease of $2.2 billion, or 14%, in time deposits.

Capital and Liquidity

The Company’s estimated capital ratios are well above current regulatory requirements with Tier 1 capital and Tier 1 common ratios at an estimated 10.95% and 9.92%, respectively, at September 30, 2013. The capital ratios increased moderately from the third quarter of last year and decreased from the prior quarter. The sequential quarter decrease was a result of the Company's refinement to the risk weighting of certain unused lending commitments. The treatment of these particular unused lending commitments is not applicable under the Basel III capital calculation rules and, as a result, had no impact on the Company's current quarter estimated Basel III Tier 1 common ratio. The ratios of total average equity to total average assets and tangible equity to tangible assets were 12.24% and 8.98%, respectively, at September 30, 2013, both stable to the prior quarter and higher than the third quarter of last year. The Company

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continues to have substantial available liquidity provided in the form of its client deposit base, other available funding resources, its portfolio of high-quality government-backed securities, and cash.

During the current quarter, the Company declared a common stock dividend of $0.10 per common share, consistent with the prior quarter and up $0.05 per share from the third quarter of last year. Additionally, during the current quarter, the Company repurchased $50 million of common stock, bringing the total purchased in 2013 to $100 million with plans to repurchase up to an additional $100 million of common stock by the end of the first quarter of 2014, pursuant to the Company's 2013 capital plan.

Asset Quality

Asset quality continued to steadily improve, including further decreases in nonperforming loans and nonperforming assets, both of which reached their lowest levels since the third quarter of 2007. Nonperforming loans totaled$1.0 billionatSeptember 30,2013, down$104 million, or9%, relative to the prior quarter,led by declines in residential mortgages and home equity loans. Compared to a year ago, nonperforming loans decreased$694 million, or40%,with reductions across all loan categories, most significantly in residential mortgages, home equity loans, commercial real estate, and C&I loans. The decline from a year ago was partially related to the sale of $160 million of nonperforming mortgage and commercial real estate loans in the fourth quarter of 2012. AtSeptember 30,2013, the percentage of nonperforming loans to total loans was0.83%, down from0.94%and1.42%at the end of the prior quarter andthird quarterof last year, respectively. Other real estate owned totaled$196 millionat the end of the current quarter, stable with the prior quarter and down 36% from a year ago.

Net charge-offs were $146 million during the current quarter compared to $179 million for the prior quarter and $511 million for the third quarter of last year. The decreases in net charge-offs from the prior quarter and third quarter of last year were primarily driven by lower residential loan charge-offs. The decline from the third quarter of last year was further affected by charge-offs related to sales of nonperforming residential mortgage and commercial real estate loans in the third quarter of last year, as well as a revision to the Company's credit policy in the third quarter of last year related to the timing of recognizing charge-offs on junior lien loans.

The ratios of annualized net charge-offs to total average loans were 0.47% for the current quarter, 0.59% for the prior quarter, and 1.64% for the third quarter of last year. The net charge-off ratio in the current quarter was at the lowest level since the third quarter of 2007. The prior year was affected by the aforementioned nonperforming loan sales and credit policy change that added 76 basis points to the net charge-off ratio. The provision for credit losses was $95 million, which decreased $51 million and $355 million from the prior quarter and the third quarter of last year, respectively.

At September 30, 2013, the allowance for loan losses was $2.1 billion and represented 1.67% of total loans, down eight basis points from June 30, 2013. Excluding government guaranteed loans, the allowance for loan losses was 1.80% of total loans, down nine basis points from June 30, 2013. The $54 million decrease in the allowance for loan losses during the current quarter was reflective of the continued improvement in asset quality.

Early stage delinquencies decreased six basis points from the prior quarter to 0.65% at September 30, 2013. The decrease was primarily due to residential loans. Excluding government-guaranteed loans, early stage delinquencies were 0.35%, a decrease of five basis point from June 30, 2013.

Accruing restructured loans totaled $2.7 billion, and nonaccruing restructured loans totaled $0.4 billion at September 30, 2013. $2.9 billion of restructured loans related to residential loans, $0.2 billion were commercial loans, and $0.1 billion related to consumer loans.

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BUSINESS SEGMENT FINANCIAL PERFORMANCE

Business Segment Results

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

Corresponding Financial Tables and Information

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

Conference Call

SunTrust management will host a conference call on October 18, 2013, at 8:00 a.m. (Eastern Time) to discuss the earnings results and business trends. Individuals may call in beginning at 7:45 a.m. (Eastern Time) by dialing 1-888-972-7805 (Passcode: 3Q13). Individuals calling from outside the United States should dial 1-517-308-9091 (Passcode: 3Q13). A replay of the call will be available approximately one hour after the call ends on October 18, 2013, and will remain available until November 18, 2013, by dialing 1-866-481-6893 (domestic) or 1-203-369-1572 (international). Alternatively, individuals may listen to the live webcast of the presentation by visiting the SunTrust investor relations website at www.suntrust.com/investorrelations. Beginning the afternoon of October 18, 2013, listeners may access an archived version of the webcast in the “Recent Earnings and Conference Presentations” subsection found on the investor relations webpage. This webcast will be archived and available for one year. A link to the Investor Relations page is also found in the footer of the SunTrust home page.

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

Important Cautionary Statement About Forward-Looking Statements

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

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

Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward looking statements. The estimated financial impact of these legal and regulatory matters depends upon (1) the successful negotiation, execution, and delivery of definitive agreements in several matters, (2) the ultimate resolution of certain legal matters which are not yet complete, (3) management’s assumptions about the extent to which such amounts may be deducted for tax purposes, (4) the agreement of other necessary parties, and (5) our assumptions about the extent to which we can provide consumer relief to satisfy our financial obligations as contemplated by the agreements in principle with regulators. Future dividends, and the amount of any such dividend, must be declared by our board of directors in the future in their discretion. Also, future share repurchases and the timing of any such repurchase are subject to market conditions and management's discretion. Additional factors that could cause actual results to differ materially from those described in the forward-looking statements can be found in Part I, “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2012 and in other periodic reports that we file with the SEC.

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SunTrust Banks, Inc. and Subsidiaries

FINANCIAL HIGHLIGHTS

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

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

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

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

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

⁴"NM" - Not meaningful. Calculated percentage was not considered to be meaningful.

10

SunTrust Banks, Inc. and Subsidiaries

FIVE QUARTER FINANCIAL HIGHLIGHTS

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

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

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

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

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

⁴"NM" - Not meaningful. Calculated percentage was not considered to be meaningful.

11

SunTrust Banks, Inc. and Subsidiaries

CONSOLIDATED STATEMENTS OF INCOME

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

	Three Months Ended						Increase/(Decrease)					Nine Months Ended				Increase/(Decrease)
	September 30											September 30
	2013			2012			Amount			% 3		2013		2012		Amount			% 3
Interest income		$1,339			$1,445			($106	)	(7	)%		$4,045		$4,471		($426	)	(10	)%
Interest expense	131			174			(43		)	(25	)	405		615		(210		)	(34	)
NET INTEREST INCOME	1,208			1,271			(63		)	(5	)	3,640		3,856		(216		)	(6	)
Provision for credit losses	95			450			(355		)	(79	)	453		1,067		(614		)	(58	)
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	1,113			821			292			36		3,187		2,789		398			14
NONINTEREST INCOME
Service charges on deposit accounts	168			172			(4		)	(2	)	492		504		(12		)	(2	)
Trust and investment management income	133			127			6			5		387		387		—			—
Retail investment services	68			60			8			13		198		180		18			10
Other charges and fees	91			97			(6		)	(6	)	277		305		(28		)	(9	)
Investment banking income	99			83			16			19		260		230		30			13
Trading income	33			19			14			74		124		145		(21		)	(14	)
Card fees 1	77			74			3			4		231		239		(8		)	(3	)
Mortgage production related (loss)/income	(10		)	(64		)	54			84		282		102		180			NM
Mortgage servicing related income	11			64			(53		)	(83	)	50		215		(165		)	(77	)
Other noninterest income/(loss)	10			(31		)	41			NM		98		78		20			26
Net securities gains	—			1,941			(1,941		)	(100	)	2		1,973		(1,971		)	(100	)
Total noninterest income	680			2,542			(1,862		)	(73	)	2,401		4,358		(1,957		)	(45	)
NONINTEREST EXPENSE
Employee compensation and benefits	682			780			(98		)	(13	)	2,178		2,340		(162		)	(7	)
Net occupancy expense	86			92			(6		)	(7	)	261		267		(6		)	(2	)
Outside processing and software	190			171			19			11		555		527		28			5
Equipment expense	45			49			(4		)	(8	)	136		140		(4		)	(3	)
Marketing and customer development	34			75			(41		)	(55	)	95		134		(39		)	(29	)
Amortization/impairment of intangible assets/goodwill	6			17			(11		)	(65	)	18		39		(21		)	(54	)
Net loss on extinguishment of debt	—			2			(2		)	(100	)	—		15		(15		)	(100	)
Operating losses	350			71			279			NM		461		200		261			NM
FDIC premium/regulatory exams	45			67			(22		)	(33	)	140		179		(39		)	(22	)
Other noninterest expense	305			402			(97		)	(24	)	659		972		(313		)	(32	)
Total noninterest expense	1,743			1,726			17			1		4,503		4,813		(310		)	(6	)
INCOME BEFORE (BENEFIT)/PROVISION FOR INCOME TAXES	50			1,637			(1,587		)	(97	)	1,085		2,334		(1,249		)	(54	)
(Benefit)/provision for income taxes	(146		)	551			(697		)	NM		151		710		(559		)	(79	)
INCOME INCLUDING INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	196			1,086			(890		)	(82	)	934		1,624		(690		)	(42	)
Net income attributable to noncontrolling interest	7			9			(2		)	(22	)	16		22		(6		)	(27	)
NET INCOME		$189			$1,077			($888	)	(82	)%		$918		$1,602		($684	)	(43	)%
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS		$179			$1,066			($887	)	(83	)%		$884		$1,581		($697	)	(44	)%
Net interest income - FTE 2	1,240			1,301			(61		)	(5	)	3,733		3,949		(216		)	(5	)
Net income per average common share
Diluted	0.33			1.98			(1.65		)	(83	)	1.64		2.94		(1.30		)	(44	)
Basic	0.33			1.99			(1.66		)	(83	)	1.65		2.96		(1.31		)	(44	)
Cash dividends paid per common share	0.10			0.05			0.05			100		0.25		0.15		0.10			67
Average common shares outstanding (000s)
Diluted	538,850			538,699			151			—		539,488		537,538		1,950			—
Basic	533,829			534,506			(677		)	—		534,887		533,859		1,028			—

¹ PIN interchange fees are presented in card fees along with other interchange fee income for the three and nine months ended September 30, 2013. Previously, these PIN interchange fees were presented in other charges and fees and therefore, for comparative purposes, $19 million and $56 million of PIN interchange fees have been reclassified to card fees for the three and nine months ended September 30, 2012, respectively.

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

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

12

SunTrust Banks, Inc. and Subsidiaries

FIVE QUARTER CONSOLIDATED STATEMENTS OF INCOME

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

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

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

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

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

13

SunTrust Banks, Inc. and Subsidiaries

CONSOLIDATED BALANCE SHEETS

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

	September 30						Increase/(Decrease)
	2013			2012			Amount			% 2
ASSETS
Cash and due from banks		$3,041			$4,655			($1,614	)	(35	)%
Federal funds sold and securities borrowed or purchased under agreements to resell	1,222			930			292			31
Interest-bearing deposits in other banks	23			22			1			5
Trading assets	5,731			6,381			(650		)	(10	)
Securities available for sale	22,626			21,467			1,159			5
Loans held for sale	2,462			5,205			(2,743		)	(53	)
Loans held for investment:
Commercial and industrial	55,943			52,407			3,536			7
Commercial real estate	4,755			4,491			264			6
Commercial construction	737			808			(71		)	(9	)
Residential mortgages - guaranteed	3,527			4,823			(1,296		)	(27	)
Residential mortgages - nonguaranteed	24,106			23,925			181			1
Residential home equity products	14,826			15,019			(193		)	(1	)
Residential construction	582			805			(223		)	(28	)
Consumer student loans - guaranteed	5,489			5,823			(334		)	(6	)
Consumer other direct	2,670			2,341			329			14
Consumer indirect	11,035			10,781			254			2
Consumer credit cards	670			594			76			13
Total loans held for investment	124,340			121,817			2,523			2
Allowance for loan and lease losses	(2,071		)	(2,239		)	(168		)	(8	)
Net loans held for investment	122,269			119,578			2,691			2
Goodwill	6,369			6,369			—			—
Other intangible assets	1,287			896			391			44
Other real estate owned	196			304			(108		)	(36	)
Other assets	6,551			7,374			(823		)	(11	)
Total assets1		$171,777			$173,181			($1,404	)	(1	)%
LIABILITIES
Deposits:
Noninterest-bearing consumer and commercial deposits		$39,006			$37,592			$1,414		4	%
Interest-bearing consumer and commercial deposits:
NOW accounts	25,495			25,147			348			1
Money market accounts	43,106			41,395			1,711			4
Savings	5,778			5,189			589			11
Consumer time	8,742			9,941			(1,199		)	(12	)
Other time	4,734			5,634			(900		)	(16	)
Total consumer and commercial deposits	126,861			124,898			1,963			2
Brokered time deposits	2,022			2,198			(176		)	(8	)
Foreign deposits	—			130			(130		)	(100	)
Total deposits	128,883			127,226			1,657			1
Funds purchased	934			680			254			37
Securities sold under agreements to repurchase	1,574			1,630			(56		)	(3	)
Other short-term borrowings	4,479			6,511			(2,032		)	(31	)
Long-term debt	9,985			10,765			(780		)	(7	)
Trading liabilities	1,264			1,458			(194		)	(13	)
Other liabilities	3,588			4,512			(924		)	(20	)
Total liabilities	150,707			152,782			(2,075		)	(1	)
SHAREHOLDERS' EQUITY
Preferred stock, no par value	725			275			450			NM
Common stock, $1.00 par value	550			550			—			—
Additional paid in capital	9,117			9,195			(78		)	(1	)
Retained earnings	11,573			10,491			1,082			10
Treasury stock, at cost, and other	(579		)	(616		)	(37		)	(6	)
Accumulated other comprehensive (loss)/income	(316		)	504			(820		)	NM
Total shareholders' equity	21,070			20,399			671			3
Total liabilities and shareholders' equity		$171,777			$173,181			($1,404	)	(1	)%
Common shares outstanding	537,549			538,821			(1,272		)	—	%
Common shares authorized	750,000			750,000			—			—
Preferred shares outstanding	7			3			4			NM
Preferred shares authorized	50,000			50,000			—			—
Treasury shares of common stock	12,372			11,100			1,272			11

¹ Includes earning assets of $154,849 and $152,472 at September 30, 2013 and 2012, respectively.

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

14

SunTrust Banks, Inc. and Subsidiaries

FIVE QUARTER CONSOLIDATED BALANCE SHEETS

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

	September 30			June 30			Increase/(Decrease)					March 31			December 31			September 30
	2013			2013			Amount			% 2		2013			2012			2012
ASSETS
Cash and due from banks		$3,041			$3,027			$14		—	%		$4,787			$7,134			$4,655
Federal funds sold and securities borrowed or purchased under agreements to resell	1,222			1,111			111			10		1,154			1,101			930
Interest-bearing deposits in other banks	23			21			2			10		21			22			22
Trading assets	5,731			5,824			(93		)	(2	)	6,250			6,049			6,381
Securities available for sale	22,626			23,389			(763		)	(3	)	23,823			21,953			21,467
Loans held for sale	2,462			3,647			(1,185		)	(32	)	3,193			3,399			5,205
Loans held for investment:
Commercial and industrial	55,943			55,070			873			2		54,343			54,048			52,407
Commercial real estate	4,755			4,308			447			10		4,261			4,127			4,491
Commercial construction	737			667			70			10		634			713			808
Residential mortgages - guaranteed	3,527			3,622			(95		)	(3	)	3,930			4,252			4,823
Residential mortgages - nonguaranteed	24,106			23,341			765			3		23,051			23,389			23,925
Residential home equity products	14,826			14,682			144			1		14,617			14,805			15,019
Residential construction	582			635			(53		)	(8	)	683			753			805
Consumer student loans - guaranteed	5,489			5,431			58			1		5,275			5,357			5,823
Consumer other direct	2,670			2,483			187			8		2,387			2,396			2,341
Consumer indirect	11,035			11,151			(116		)	(1	)	11,009			10,998			10,781
Consumer credit cards	670			641			29			5		614			632			594
Total loans held for investment	124,340			122,031			2,309			2		120,804			121,470			121,817
Allowance for loan and lease losses	(2,071		)	(2,125		)	(54		)	(3	)	(2,152		)	(2,174		)	(2,239		)
Net loans held for investment	122,269			119,906			2,363			2		118,652			119,296			119,578
Goodwill	6,369			6,369			—			—		6,369			6,369			6,369
Other intangible assets	1,287			1,244			43			3		1,076			956			896
Other real estate owned	196			198			(2		)	(1	)	224			264			304
Other assets	6,551			6,810			(259		)	(4	)	6,886			6,899			7,374
Total assets1		$171,777			$171,546			$231		—	%		$172,435			$173,442			$173,181
LIABILITIES
Deposits:
Noninterest-bearing consumer and commercial deposits		$39,006			$37,999			$1,007		3	%		$38,593			$39,481			$37,592
Interest-bearing consumer and commercial deposits:
NOW accounts	25,495			26,106			(611		)	(2	)	26,736			27,617			25,147
Money market accounts	43,106			41,684			1,422			3		42,231			42,846			41,395
Savings	5,778			5,819			(41		)	(1	)	5,769			5,314			5,189
Consumer time	8,742			9,050			(308		)	(3	)	9,281			9,569			9,941
Other time	4,734			4,930			(196		)	(4	)	5,125			5,353			5,634
Total consumer and commercial deposits	126,861			125,588			1,273			1		127,735			130,180			124,898
Brokered time deposits	2,022			2,006			16			1		2,080			2,136			2,198
Foreign deposits	—			25			(25		)	(100	)	100			—			130
Total deposits	128,883			127,619			1,264			1		129,915			132,316			127,226
Funds purchased	934			420			514			NM		605			617			680
Securities sold under agreements to repurchase	1,574			1,869			(295		)	(16	)	1,854			1,574			1,630
Other short-term borrowings	4,479			5,825			(1,346		)	(23	)	4,169			3,303			6,511
Long-term debt	9,985			9,818			167			2		9,331			9,357			10,765
Trading liabilities	1,264			1,176			88			7		1,348			1,161			1,458
Other liabilities	3,588			3,812			(224		)	(6	)	4,019			4,129			4,512
Total liabilities	150,707			150,539			168			—		151,241			152,457			152,782
SHAREHOLDERS’ EQUITY
Preferred stock, no par value	725			725			—			—		725			725			275
Common stock, $1.00 par value	550			550			—			—		550			550			550
Additional paid in capital	9,117			9,126			(9		)	—		9,132			9,174			9,195
Retained earnings	11,573			11,447			126			1		11,133			10,817			10,491
Treasury stock, at cost, and other	(579		)	(558		)	21			4		(531		)	(590		)	(616		)
Accumulated other comprehensive (loss)/income	(316		)	(283		)	(33		)	(12	)	185			309			504
Total shareholders’ equity	21,070			21,007			63			—		21,194			20,985			20,399
Total liabilities and shareholders’ equity		$171,777			$171,546			$231		—	%		$172,435			$173,442			$173,181
Common shares outstanding	537,549			538,653			(1,104		)	—	%	540,187			538,959			538,821
Common shares authorized	750,000			750,000			—			—		750,000			750,000			750,000
Preferred shares outstanding	7			7			—			—		7			7			3
Preferred shares authorized	50,000			50,000			—			—		50,000			50,000			50,000
Treasury shares of common stock	12,372			11,268			1,104			10		9,734			10,962			11,100

¹ Includes earning assets of $154,849, $154,430, $152,783, $151,223, and $152,472 at September 30, 2013, June 30, 2013, March 31, 2013, December 31, 2012, and September 30, 2012, respectively.

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

15

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

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

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

16

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

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

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

17

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

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

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

18

SunTrust Banks, Inc. and Subsidiaries OTHER FINANCIAL DATA (Dollars in millions) (Unaudited)
	Three Months Ended September 30											Nine Months Ended September 30
							Increase/(Decrease)											Increase/(Decrease)
	2013			2012			Amount			%4		2013			2012			Amount			%4
CREDIT DATA
Allowance for credit losses - beginning		$2,172			$2,350			($178	)	(8	)%		$2,219			$2,505			($286	)	(11	)%
Provision for unfunded commitments	3			—			3			NM		5			2			3			NM
Provision for loan losses:
Commercial	78			127			(49		)	(39	)	183			214			(31		)	(14	)
Residential	(7		)	300			(307		)	NM		184			788			(604		)	(77	)
Consumer	21			23			(2		)	(9	)	81			63			18			29
Total provision for loan losses	92			450			(358		)	(80	)	448			1,065			(617		)	(58	)
Charge-offs:
Commercial	(52		)	(126		)	(74		)	(59	)	(176		)	(346		)	(170		)	(49	)
Residential	(109		)	(425		)	(316		)	(74	)	(430		)	(1,001		)	(571		)	(57	)
Consumer	(28		)	(34		)	(6		)	(18	)	(89		)	(98		)	(9		)	(9	)
Total charge-offs	(189		)	(585		)	(396		)	(68	)	(695		)	(1,445		)	(750		)	(52	)
Recoveries:
Commercial	13			55			(42		)	(76	)	48			111			(63		)	(57	)
Residential	21			10			11			NM		67			21			46			NM
Consumer	9			9			—			—		29			30			(1		)	(3	)
Total recoveries	43			74			(31		)	(42	)	144			162			(18		)	(11	)
Net charge-offs	(146		)	(511		)	(365		)	(71	)	(551		)	(1,283		)	(732		)	(57	)
Allowance for credit losses - ending		$2,121			$2,289			($168	)	(7	)%		$2,121			$2,289			($168	)	(7	)%
Components:
Allowance for loan and lease losses		$2,071			$2,239			($168	)	(8	)%
Unfunded commitments reserve	50			50			—			—
Allowance for credit losses		$2,121			$2,289			($168	)	(7	)%
Net charge-offs to average loans (annualized):
Commercial	0.26		%	0.49		%	(0.23		)	(47	)%	0.29		%	0.55		%	(0.26		)	(47	)%
Residential	0.82			3.63			(2.81		)	(77	)	1.14			2.85			(1.71		)	(60	)
Consumer	0.39			0.46			(0.07		)	(15	)	0.41			0.44			(0.03		)	(7	)
Total net charge-offs to total average loans	0.47		%	1.64		%	(1.17		)	(71	)%	0.61		%	1.39		%	(0.78		)	(56	)%
Period Ended
Nonaccrual/nonperforming loans:
Commercial		$275			$482			($207	)	(43	)%
Residential	752			1,225			(473		)	(39	)
Consumer	10			24			(14		)	(58	)
Total nonaccrual/nonperforming loans	1,037			1,731			(694		)	(40	)
Other real estate owned (“OREO”)	196			304			(108		)	(36	)
Other repossessed assets	9			10			(1		)	(10	)
Nonperforming loans held for sale ("LHFS")	59			40			19			48
Total nonperforming assets		$1,301			$2,085			($784	)	(38	)%
Accruing restructured loans		$2,744			$2,640			$104		4	%
Nonaccruing restructured loans	406			482			(76		)	(16	)
Accruing loans past due > 90 days (guaranteed)	1,108			1,041			67			6
Accruing loans past due > 90 days (non-guaranteed)	55			63			(8		)	(13	)
Accruing LHFS past due > 90 days	—			1,127			(1,127		)	(100	)
Nonperforming loans to total loans	0.83		%	1.42		%	(0.59		)	(42	)%
Nonperforming assets to total loans plus OREO, other repossessed assets, and nonperforming LHFS	1.04			1.71			(0.67		)	(39	)
Allowance to period-end loans1,2	1.67			1.84			(0.17		)	(9	)
Allowance to period-end loans, excluding government guaranteed loans 1,2,3	1.80			2.02			(0.22		)	(11	)
Allowance to nonperforming loans1,2	201			130			71			55
Allowance to annualized net charge-offs1	3.58x			1.10x			2.48x			NM

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

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

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

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

19

SunTrust Banks, Inc. and Subsidiaries FIVE QUARTER OTHER FINANCIAL DATA (Dollars in millions) (Unaudited)
	Three Months Ended
	September 30			June 30			Increase/(Decrease)					March 31			December 31			September 30
	2013			2013			Amount			%4		2013			2012			2012
CREDIT DATA
Allowance for credit losses - beginning		$2,172			$2,205			($33	)	(1	)%		$2,219			$2,289			$2,350
Provision/(benefit) for unfunded commitments	3			(6		)	9			NM		8			(5		)	—
Provision for loan losses:
Commercial	78			42			36			86		64			27			127
Residential	(7		)	78			(85		)	NM		112			274			300
Consumer	21			32			(11		)	(34	)	28			32			23
Total provision for loan losses	92			152			(60		)	(39	)	204			333			450
Charge-offs:
Commercial	(52		)	(64		)	(12		)	(19	)	(60		)	(111		)	(126		)
Residential	(109		)	(143		)	(34		)	(24	)	(178		)	(315		)	(425		)
Consumer	(28		)	(26		)	2			8		(35		)	(36		)	(34		)
Total charge-offs	(189		)	(233		)	(44		)	(19	)	(273		)	(462		)	(585		)
Recoveries:
Commercial	13			20			(7		)	(35	)	15			43			55
Residential	21			24			(3		)	(13	)	22			10			10
Consumer	9			10			(1		)	(10	)	10			11			9
Total recoveries	43			54			(11		)	(20	)	47			64			74
Net charge-offs	(146		)	(179		)	(33		)	(18	)	(226		)	(398		)	(511		)
Allowance for credit losses - ending		$2,121			$2,172			($51	)	(2	)%		$2,205			$2,219			$2,289
Components:
Allowance for loan and lease losses		$2,071			$2,125			($54	)	(3	)%		$2,152			$2,174			$2,239
Unfunded commitments reserve	50			47			3			6		53			45			50
Allowance for credit losses		$2,121			$2,172			($51	)	(2	)%		$2,205			$2,219			$2,289
Net charge-offs to average loans (annualized):
Commercial	0.26		%	0.29		%	(0.03		)	(10	)%	0.32		%	0.46		%	0.49		%
Residential	0.82			1.13			(0.31		)	(27	)	1.48			2.75			3.63
Consumer	0.39			0.34			0.05			15		0.52			0.53			0.46
Total net charge-offs to total average loans	0.47		%	0.59		%	(0.12		)	(20	)%	0.76		%	1.30		%	1.64		%
Period Ended
Nonaccrual/nonperforming loans:
Commercial		$275			$304			($29	)	(10	)%		$289			$294			$482
Residential	752			825			(73		)	(9	)	1,157			1,228			1,225
Consumer	10			12			(2		)	(17	)	21			25			24
Total nonaccrual/nonperforming loans	1,037			1,141			(104		)	(9	)	1,467			1,547			1,731
OREO	196			198			(2		)	(1	)	223			264			304
Other repossessed assets	9			8			1			13		9			9			10
Nonperforming LHFS	59			48			11			23		41			37			40
Total nonperforming assets		$1,301			$1,395			($94	)	(7	)%		$1,740			$1,857			$2,085
Accruing restructured loans		$2,744			$2,781			($37	)	(1	)%		$2,499			$2,501			$2,640
Nonaccruing restructured loans	406			415			(9		)	(2	)	655			639			482
Accruing loans past due > 90 days (guaranteed)	1,108			958			150			16		767			722			1,041
Accruing loans past due > 90 days (non-guaranteed)	55			47			8			17		56			60			63
Accruing LHFS past due > 90 days	—			1			(1		)	(100	)	2			1			1,127
Nonperforming loans to total loans	0.83		%	0.94		%	(0.11		)	(12	)%	1.21		%	1.27		%	1.42		%
Nonperforming assets to total loans plus OREO, other repossessed assets, and nonperforming LHFS	1.04			1.14			(0.10		)	(9	)	1.44			1.52			1.71
Allowance to period-end loans1,2	1.67			1.75			(0.08		)	(5	)	1.79			1.80			1.84
Allowance to period-end loans, excluding government guaranteed loans 1,2,3	1.80			1.89			(0.09		)	(5	)	1.93			1.95			2.02
Allowance to nonperforming loans1,2	201			188			13			7		148			142			130
Allowance to annualized net charge-offs1	3.58x			2.97x			0.61x			21		2.34x			1.37x			1.10x

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

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

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

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

20

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

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

21

SunTrust Banks, Inc. and Subsidiaries RECONCILEMENT OF NON-GAAP MEASURES APPENDIX A TO THE EARNINGS RELEASE (Dollars in millions, except per share data) (Unaudited)
	Three Months Ended															Nine Months Ended
	September 30			June 30			March 31			December 31			September 30			September 30			September 30
	2013			2013			2013			2012			2012			2013			2012
NON-GAAP MEASURES PRESENTED IN THE EARNINGS RELEASE1
Net interest income		$1,208			$1,211			$1,221			$1,246			$1,271			$3,640			$3,856
Taxable-equivalent adjustment	32			31			30			30			30			93			93
Net interest income - FTE	1,240			1,242			1,251			1,276			1,301			3,733			3,949
Noninterest income	680			858			863			1,015			2,542			2,401			4,358
Total revenue - FTE	1,920			2,100			2,114			2,291			3,843			6,134			8,307
Securities gains, net	—			—			(2		)	(1		)	(1,941		)	(2		)	(1,973		)
Total revenue - FTE excluding net securities gains 2		$1,920			$2,100			$2,112			$2,290			$1,902			$6,132			$6,334
Noninterest income		$680			$858			$863			$1,015			$2,542			$2,401			$4,358
Securities gains, net	—			—			(2		)	(1		)	(1,941		)	(2		)	(1,973		)
Noninterest income excluding net securities gains 2		$680			$858			$861			$1,014			$601			$2,399			$2,385
Return on average common shareholders’ equity	3.49		%	7.12		%	6.77		%	6.86		%	20.84		%	5.79		%	10.47		%
Effect of removing average intangible assets, excluding MSRs	1.61			3.23			3.11			3.18			9.67			2.65			4.90
Return on average tangible common shareholders' equity 3	5.10		%	10.35		%	9.88		%	10.04		%	30.51		%	8.44		%	15.37		%
Efficiency ratio 4	90.77		%	66.56		%	64.46		%	65.93		%	44.90		%	73.41		%	57.94		%
Impact of excluding amortization of intangible assets	(0.31		)	(0.29		)	(0.29		)	(0.30		)	(0.43		)	(0.29		)	(0.46		)
Tangible efficiency ratio 5	90.46		%	66.27		%	64.17		%	65.63		%	44.47		%	73.12		%	57.48		%
	September 30			June 30			March 31			December 31			September 30
	2013			2013			2013			2012			2012
Total shareholders' equity		$21,070			$21,007			$21,194			$20,985			$20,399
Goodwill, net of deferred taxes of $180 million, $174 million, $169 million, $163 million, and $159 million, respectively	(6,189		)	(6,195		)	(6,200		)	(6,206		)	(6,210		)
Other intangible assets, net of deferred taxes of $2 million, $4 million, $5 million, $7 million, and $8 million, respectively, and MSRs	(1,285		)	(1,240		)	(1,071		)	(949		)	(888		)
MSRs	1,248			1,199			1,025			899			831
Tangible equity	14,844			14,771			14,948			14,729			14,132
Preferred stock	(725		)	(725		)	(725		)	(725		)	(275		)
Tangible common equity		$14,119			$14,046			$14,223			$14,004			$13,857
Total assets		$171,777			$171,546			$172,435			$173,442			$173,181
Goodwill	(6,369		)	(6,369		)	(6,369		)	(6,369		)	(6,369		)
Other intangible assets including MSRs	(1,287		)	(1,244		)	(1,076		)	(956		)	(896		)
MSRs	1,248			1,199			1,025			899			831
Tangible assets		$165,369			$165,132			$166,015			$167,016			$166,747
Tangible equity to tangible assets 6	8.98		%	8.95		%	9.00		%	8.82		%	8.48		%
Tangible book value per common share 7		$26.27			$26.08			$26.33			$25.98			$25.72
Total loans		$124,340			$122,031			$120,804			$121,470			$121,817
Government guaranteed loans	(9,016		)	(9,053		)	(9,205		)	(9,609		)	(10,646		)
Loans held at fair value	(316		)	(339		)	(360		)	(379		)	(390		)
Total loans, excluding government guaranteed and fair value loans		$115,008			$112,639			$111,239			$111,482			$110,781
Allowance to total loans, excluding government guaranteed and fair value loans 8	1.80		%	1.89		%	1.93		%	1.95		%	2.02		%

22

SunTrust Banks, Inc. and Subsidiaries RECONCILEMENT OF NON-GAAP MEASURES APPENDIX A TO THE EARNINGS RELEASE, continued (Dollars in millions, except per share data) (Unaudited)
	Three Months Ended						Nine Months Ended
	September 30			September 30			September 30			September 30
	2013			2012			2013			2012
NON-GAAP MEASURES PRESENTED IN THE EARNINGS RELEASE1
Net income available to common shareholders		$179			$1,066			$884			$1,581
Items announced during the quarter on Form 8-K:
Operating losses related to settlement of certain legal matters	323			—			323			—
Mortgage repurchase provision related to repurchase settlements	63			—			63			—
Provision for unrecoverable servicing advances	96			—			96			—
Securities gains related to sale of The Coca-Cola Company stock	—			(1,938		)	—			(1,938		)
Mortgage repurchase provision	—			371			—			371
Charitable expense related to The Coca-Cola Company stock contribution	—			38			—			38
Provision for credit losses related to nonperforming loan sales	—			172			—			172
Losses on sale of guaranteed loans	—			92			—			92
Valuation losses related to planned sale of Affordable Housing investments	—			96			—			96
Tax (benefit)/expense related to above items	(190		)	417			(190		)	417
Net tax benefit related to subsidiary reorganization and other	(113		)	—			(113		)	—
Net income available to common shareholders, excluding 8-K items announced during the quarter 9		$358			$314			$1,063			$829
Net income per average common share, diluted		$0.33			$1.98			$1.64			$2.94
Impact of 8-K items announced during the quarter	0.33			(1.40		)	0.33			(1.40		)
Net income per average common diluted share, excluding 8-K items announced during the quarter 9		$0.66			$0.58			$1.97			$1.54

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

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

³ SunTrust presents return on average tangible common shareholders' equity to exclude intangible assets, except for MSRs. The Company believes this measure is useful to investors because, by removing the effect of intangible assets, except for MSRs, (the level of which may vary from company to company), it allows investors to more easily compare the Company’s return on average common shareholders' equity to other companies in the industry who present a similar measure. The Company also believes that removing intangible assets, except for MSRs, is a more relevant measure of the return on the Company's common shareholders' equity.

⁴ Computed by dividing noninterest expense by total revenue - FTE. The FTE basis adjusts for the tax-favored status of net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources.

⁵ SunTrust presents a tangible efficiency ratio which excludes the amortization of intangible assets other than MSRs. The Company believes this measure is useful to investors because, by removing the effect of these intangible asset costs (the level of which may vary from company to company), it allows investors to more easily compare the Company’s efficiency to other companies in the industry. This measure is utilized by management to assess the efficiency of the Company and its lines of business.

⁶ SunTrust presents a tangible equity to tangible assets ratio that excludes the after-tax impact of purchase accounting intangible assets. The Company believes this measure is useful to investors because, by removing the effect of intangible assets that result from merger and acquisition activity (the level of which may vary from company to company), it allows investors to more easily compare the Company’s capital adequacy to other companies in the industry. This measure is used by management to analyze capital adequacy.

⁷ SunTrust presents a tangible book value per common share that excludes the after-tax impact of purchase accounting intangible assets and also excludes preferred stock from tangible equity. The Company believes this measure is useful to investors because, by removing the effect of intangible assets that result from merger and acquisition activity as well as preferred stock (the level of which may vary from company to company), it allows investors to more easily compare the Company’s book value on common stock to other companies in the industry.

⁸ SunTrust presents a ratio of allowance to total loans, excluding government guaranteed and fair value loans. The Company believes that the exclusion of loans that are held at fair value with no related allowance and loans guaranteed by a government agency that do not have an associated allowance recorded due to nominal risk of principal loss better depicts the allowance relative to loans that are covered by it.

⁹ SunTrust presents net income available to common shareholders and net income per average common diluted share excluding items previously announced during the quarter on Form 8-K. The Company believes this measure is useful to investors because it removes the effect of material items impacting the quarter's results allowing a more useful comparison to other quarters' results that did not have a similar impact. Removing these items also allows investors to compare the Company's results to other companies in the industry that may not have had similar items impacting their results. Additional detail on the items can be found in Form 8-K filed with the SEC on October 10, 2013 and September 6, 2012.

23

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

¹  Prior year results have been restated to include the effect of moving small business banking from Wholesale Banking to Consumer Banking and Private Wealth Management during the second quarter of 2013.

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

³  Net interest income does not include the funding benefit that would result from holding shareholders’ equity at the line of business level due to the fact that shareholders' equity is not allocated to the lines of business at this time.

⁴  Provision for credit losses represents net charge-offs for the lines of business.

⁵  Reflects the assets under administration/advisement for GenSpring and Private Wealth Management clients and includes a reclassification of $12.0 billion from Managed to Non-managed assets in the prior year related to a change in investment management responsibilities for certain clients, as well as a reclassification of certain assets based on a revised methodology for classifying assets under administration.

24

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

¹  Prior year results have been restated to include the effect of moving small business banking from Wholesale Banking to Consumer Banking and Private Wealth Management during the second quarter of 2013.

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

³  Net interest income does not include the funding benefit that would result from holding shareholders’ equity at the line of business level due to the fact that shareholders' equity is not allocated to the lines of business at this time.

⁴  Provision for credit losses represents net charge-offs for the lines of business.

⁵  Reflects the assets under administration for Ridgeworth clients.

25

SunTrust Banks, Inc. and Subsidiaries MORTGAGE BANKING (Dollars in millions) (Unaudited)
	Three Months Ended September 30								Nine Months Ended September 30
	2013			2012			% Change 1		2013			2012			% Change 1
Statements of Income:
Net interest income 2		$140			$129		9	%		$409			$387		6	%
FTE adjustment	—			—			—		—			—			—
Net interest income - FTE	140			129			9		409			387			6
Provision for credit losses 3	45			270			(83	)	197			602			(67	)
Net interest income/(loss) - FTE - after provision for credit losses	95			(141		)	NM		212			(215		)	NM
Noninterest income before securities gains/(losses)	(1		)	(75		)	(99	)	328			261			26
Securities gains/(losses), net	—			—			—		—			—			—
Total noninterest income	(1		)	(75		)	(99	)	328			261			26
Noninterest expense before amortization of intangible assets	638			368			73		1,247			1,045			19
Amortization of intangible assets	—			—			—		—			—			—
Total noninterest expense	638			368			73		1,247			1,045			19
Loss before benefit for income taxes	(544		)	(584		)	(7	)	(707		)	(999		)	(29	)
Benefit for income taxes	(139		)	(200		)	(31	)	(206		)	(369		)	(44	)
FTE adjustment	—			—			—		—			—			—
Net loss including income attributable to noncontrolling interest	(405		)	(384		)	5		(501		)	(630		)	(20	)
Less: net income attributable to noncontrolling interest	—			—			—		—			—			—
Net loss		($405	)		($384	)	5			($501	)		($630	)	(20	)
Total revenue - FTE		$139			$54		NM			$737			$648		14
Selected Average Balances:
Total loans		$27,921			$30,467		(8	)%		$27,830			$30,690		(9	)%
Goodwill	—			—			—		—			—			—
Other intangible assets excluding MSRs	—			—			—		—			—			—
Total assets	33,025			35,372			(7	)	32,973			35,464			(7	)
Consumer and commercial deposits	3,247			3,938			(18	)	3,501			3,571			(2	)
Performance Ratios:
Efficiency ratio	456.41		%	672.85		%			169.25		%	161.23		%
Impact of excluding amortization of intangible assets	—			—					—			—
Tangible efficiency ratio	456.41		%	672.85		%			169.25		%	161.23		%
Other Information:
Production Data
Channel mix
Retail		$4,434			$4,329		2	%		$14,068			$12,881		9	%
Wholesale	739			1,472			(50	)	3,032			4,133			(27	)
Correspondent	2,822			2,331			21		8,826			7,041			25
Total production		$7,995			$8,132		(2	)		$25,926			$24,055		8
Channel mix - percent
Retail	56		%	53		%			54		%	54		%
Wholesale	9			18					12			17
Correspondent	35			29					34			29
Total production	100		%	100		%			100		%	100		%
Purchase and refinance mix
Refinance		$4,334			$5,647		(23	)		$17,421			$16,730		4
Purchase	3,661			2,485			47		8,505			7,325			16
Total production		$7,995			$8,132		(2	)		$25,926			$24,055		8
Purchase and refinance mix - percent
Refinance	54		%	69		%			67		%	70		%
Purchase	46			31					33			30
Total production	100		%	100		%			100		%	100		%
Applications		$7,116			$12,696		(44	)		$32,228			$40,003		(19	)
Mortgage Servicing Data (End of Period):
Total loans serviced		$139,710			$149,721		(7	)%
Total loans serviced for others	109,224			115,814			(6	)
Net carrying value of MSRs	1,248			831			50
Ratio of net carrying value of MSRs to total loans serviced for others	1.143		%	0.718		%

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

²  Net interest income does not include the funding benefit that would result from holding shareholders’ equity at the line of business level due to the fact that shareholders' equity is not allocated to the lines of business at this time.

³ Provision for credit losses represents net charge-offs for the lines of business.

26

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

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

²  Provision for credit losses is the difference between net charge-offs recorded by the lines of business and consolidated provision for credit losses.

27

SunTrust Banks, Inc. and Subsidiaries

CONSOLIDATED - SEGMENT TOTALS

(Dollars in millions) (Unaudited)

	Three Months Ended September 30								Nine Months Ended September 30
	2013			2012			% Change 1		2013			2012			% Change
Statements of Income:
Net interest income		$1,208			$1,271		(5	)%		$3,640			$3,856		(6	)%
FTE adjustment	32			30			7		93			93			—
Net interest income - FTE	1,240			1,301			(5	)	3,733			3,949			(5	)
Provision for credit losses	95			450			(79	)	453			1,067			(58	)
Net interest income - FTE - after provision for credit losses	1,145			851			35		3,280			2,882			14
Noninterest income before securities gains/(losses)	680			601			13		2,399			2,385			1
Securities gains/(losses), net	—			1,941			(100	)	2			1,973			(100	)
Total noninterest income	680			2,542			(73	)	2,401			4,358			(45	)
Noninterest expense before amortization/impairment of intangible assets/goodwill	1,737			1,709			2		4,485			4,774			(6	)
Amortization/impairment of intangible assets/goodwill	6			17			(65	)	18			39			(54	)
Total noninterest expense	1,743			1,726			1		4,503			4,813			(6	)
Income - FTE - before (benefit)/provision for income taxes	82			1,667			(95	)	1,178			2,427			(51	)
(Benefit)/provision for income taxes	(146		)	551			NM		151			710			(79	)
FTE adjustment	32			30			7		93			93			—
Net income including income attributable to noncontrolling interest	196			1,086			(82	)	934			1,624			(42	)
Less: net income attributable to noncontrolling interest	7			9			(22	)	16			22			(27	)
Net income		$189			$1,077		(82	)		$918			$1,602		(43	)
Total revenue - FTE		$1,920			$3,843		(50	)		$6,134			$8,307		(26	)
Selected Average Balances:
Total loans		$122,672			$124,080		(1	)%		$121,649			$123,332		(1	)%
Goodwill	6,369			6,376			—		6,369			6,356			—
Other intangible assets excluding MSRs	41			69			(41	)	47			80			(41	)
Total assets	171,838			175,282			(2	)	172,061			176,679			(3	)
Consumer and commercial deposits	126,618			125,353			1		126,947			125,692			1
Performance Ratios:
Efficiency ratio	90.77		%	44.90		%			73.41		%	57.94		%
Impact of excluding amortization of intangible assets	(0.31		)	(0.43		)			(0.29		)	(0.46		)
Tangible efficiency ratio	90.46		%	44.47		%			73.12		%	57.48		%
Other Information (End of Period):
Assets under administration
Managed (discretionary) assets		$93,053			$96,367		(3	)%
Non-managed assets	53,800			61,418			(12	)
Total assets under administration	146,853			157,785			(7	)
Brokerage assets	42,515			39,102			9
Total assets under advisement		$189,368			$196,887		(4	)

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

28

EX-99.2

3Q 2013 Earnings Release October 18, 2013

2 Important Cautionary Statement The following should be read in conjunction with the financial statements, notes and other information contained in the Company’s 2012 Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. This presentation includes non-GAAP financial measures to describe SunTrust’s performance. The reconciliations of those measures to GAAP measures are provided within or in the appendix of this presentation. In this presentation, the Company presents net interest income and net interest margin on a fully taxable-equivalent (“FTE”) basis, and ratios on an annualized basis. The FTE basis adjusts for the tax-favored status of income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and provides relevant comparison between taxable and non-taxable amounts. This presentation may contain forward-looking statements. Statements regarding estimates of the after-tax financial impact of various legal and regulatory matters, forecasted swap income, and normalized noninterest expense are forward-looking statements. Statements regarding efficiency ratio goals and expected normalized levels of credit-related expenses and operating losses are forward-looking statements. Also, any statement that does not describe historical or current facts is a forward-looking statement. These statements often include the words “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “goals,” “targets,” “initiatives,” “potentially,” “probably,” “projects,” “outlook” or similar expressions or future conditional verbs such as “may,” “will,” “should,” “would,” and “could.” Forward-looking statements are based upon the current beliefs and expectations of management and on information currently available to management. Our statements speak as of the date hereof, and we do not assume any obligation to update these statements or to update the reasons why actual results could differ from those contained in such statements in light of new information or future events. Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward- looking statements. The estimated financial impact of legal and regulatory matters depends upon (1) the successful negotiation, execution, and delivery of definitive agreements in several matters, (2) the ultimate resolution of certain legal matters which are not yet complete, (3) management’s assumptions about the extent to which such amounts may be deducted for tax purposes, (4) the agreement of other necessary parties, and (5) our assumptions about the extent to which we can provide consumer relief to satisfy our financial obligations as contemplated by the agreements in principle with regulators. Additional factors that could cause actual results to differ materially from those described in the forward-looking statements can be found in Part I, “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2012 and in other periodic reports that we file with the SEC. Those factors include: our framework for managing risks may not be effective in mitigating risk and loss to us; as one of the largest lenders in the Southeast and Mid-Atlantic U.S. and a provider of financial products and services to consumers and businesses across the U.S., our financial results have been, and may continue to be, materially affected by general economic conditions, particularly unemployment levels and home prices in the U.S., and a deterioration of economic conditions or of the financial markets may materially adversely affect our lending and other businesses and our financial results and condition; legislation and regulation, including the Dodd-Frank Act, as well as future legislation and/or regulation, could require us to change certain of our business practices, reduce our revenue, impose additional costs on us, or otherwise adversely affect our business operations and/or competitive position; we are subject to capital adequacy and liquidity guidelines and, if we fail to meet these guidelines, our financial condition would be adversely affected; loss of customer deposits and market illiquidity could increase our funding costs; we rely on the mortgage secondary market and GSEs for some of our liquidity; we are subject to credit risk; our ALLL may not be adequate to cover our eventual losses; we may have more credit risk and higher credit losses to the extent our loans are concentrated by loan type, industry segment, borrower type, or location of the borrower or collateral; we will realize future losses if the proceeds we receive upon liquidation of nonperforming assets are less than the carrying value of such assets; a downgrade in the U.S. government's sovereign credit rating, or in the credit ratings of instruments issued, insured or guaranteed by related institutions, agencies or instrumentalities, could result in risks to us and general economic conditions that we are not able to predict; the failure of the European Union to stabilize the fiscal condition and creditworthiness of its weaker member economies could have international implications potentially impacting global financial institutions, the financial markets, and the economic recovery underway in the U.S.; weakness in the real estate market, including the secondary residential mortgage loan markets, has adversely affected us and may continue to adversely affect us; we are subject to certain risks related to originating and selling mortgages, and may be required to repurchase mortgage loans or indemnify mortgage loan purchasers as a result of breaches of representations and warranties, borrower fraud, or as a result of certain breaches of our servicing agreements, and this could harm our liquidity, results of operations, and financial condition; financial difficulties or credit downgrades of mortgage and bond insurers may adversely affect our servicing and investment portfolios; we may face certain risks as a servicer of loans, or also may be terminated as a servicer or master servicer, be required to repurchase a mortgage loan or reimburse investors for credit losses on a mortgage loan, or incur costs, liabilities, fines and other sanctions if we fail to satisfy our servicing obligations, including our obligations with respect to mortgage loan foreclosure actions; we are subject to risks related to delays in the foreclosure process; we may continue to suffer increased losses in our loan portfolio despite enhancement of our underwriting policies and practices; our mortgage production and servicing revenue can be volatile; as a financial services company, changes in general business or economic conditions could have a material adverse effect on our financial condition and results of operations; changes in market interest rates or capital markets could adversely affect our revenue and expense, the value of assets and obligations, and the availability and cost of capital and liquidity; changes in interest rates could also reduce the value of our MSRs and mortgages held for sale, reducing our earnings; changes which are being considered in the method for determining LIBOR may affect the value of debt securities and other financial obligations held or issued by SunTrust that are linked to LIBOR, or may affect the Company's financial condition or results of operations; the fiscal and monetary policies of the federal government and its agencies could have a material adverse effect on our earnings; depressed market values for our stock may require us to write down goodwill; clients could pursue alternatives to bank deposits, causing us to lose a relatively inexpensive source of funding; consumers may decide not to use banks to complete their financial transactions, which could affect net income; we have businesses other than banking which subject us to a variety of risks; hurricanes and other disasters may adversely affect loan portfolios and operations and increase the cost of doing business; negative public opinion could damage our reputation and adversely impact business and revenues; we rely on other companies to provide key components of our business infrastructure; a failure in or breach of our operational or security systems or infrastructure, or those of our third party vendors and other service providers, including as a result of cyber attacks, could disrupt our businesses, result in the disclosure or misuse of confidential or proprietary information, damage our reputation, increase our costs and cause losses; the soundness of other financial institutions could adversely affect us; we depend on the accuracy and completeness of information about clients and counterparties; regulation by federal and state agencies could adversely affect the business, revenue, and profit margins; competition in the financial services industry is intense and could result in losing business or margin declines; maintaining or increasing market share depends on market acceptance and regulatory approval of new products and services; we might not pay dividends on your common stock; our ability to receive dividends from our subsidiaries could affect our liquidity and ability to pay dividends; disruptions in our ability to access global capital markets may adversely affect our capital resources and liquidity; any reduction in our credit rating could increase the cost of our funding from the capital markets; we have in the past and may in the future pursue acquisitions, which could affect costs and from which we may not be able to realize anticipated benefits; we are subject to certain litigation, and our expenses related to this litigation may adversely affect our results; we may incur fines, penalties and other negative consequences from regulatory violations, possibly even from inadvertent or unintentional violations; we depend on the expertise of key personnel, and if these individuals leave or change their roles without effective replacements, operations may suffer; we may not be able to hire or retain additional qualified personnel and recruiting and compensation costs may increase as a result of turnover, both of which may increase costs and reduce profitability and may adversely impact our ability to implement our business strategies; our accounting policies and processes are critical to how we report our financial condition and results of operations, and they require management to make estimates about matters that are uncertain; changes in our accounting policies or in accounting standards could materially affect how we report our financial results and condition; our stock price can be volatile; our disclosure controls and procedures may not prevent or detect all errors or acts of fraud; our financial instruments carried at fair value expose us to certain market risks; our revenues derived from our investment securities may be volatile and subject to a variety of risks; and we may enter into transactions with off-balance sheet affiliates or our subsidiaries.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Appendix

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

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

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

22 1. Excludes delinquencies on all federally guaranteed mortgages 2. Excludes delinquencies on federally guaranteed student loans 3. Excludes delinquencies on federally guaranteed mortgages and student loans from the calculation 4. Excludes mortgage loans guaranteed by GNMA that SunTrust has the option, but not the obligation, to repurchase NOTE: Totals may not foot due to rounding 30 – 89 Day Delinquencies by Loan Class Excluding Government-Guaranteed Loans Memo: 3Q 12 4Q 12 1Q 13 2Q 13 3Q 13 3Q 13 Loan Balance 30-89 Accruing Delinquencies Commercial & industrial 0.16% 0.15% 0.17% 0.14% 0.08% $55,943 Commercial real estate 0.44 0.26 0.18 0.34 0.10 4,755 Commercial construction 0.04 0.07 0.03 0.01 0.01 737 Total Commercial Loans 0.18 0.16 0.17 0.16 0.08 $61,435 Residential mortgage – guaranteed - - - - - $3,527 Residential mortgage – non-guaranteed 1.05 0.82 0.76 0.70 0.65 24,106 Home equity products 0.95 1.00 0.79 0.78 0.82 14,826 Residential construction 1.54 2.03 1.04 1.07 0.72 582 Total Residential Loans¹ 1.02 0.91 0.78 0.74 0.71 $43,041 Guaranteed student loans - - - - - $5,489 Other direct 0.72 0.61 0.52 0.64 0.56 2,670 Indirect 0.53 0.62 0.38 0.44 0.49 11,035 Credit card 1.01 1.08 1.03 0.89 0.91 670 Total Consumer Loans² 0.58 0.64 0.44 0.50 0.52 $19,864 Total SunTrust - excluding government-guaranteed delinquencies³ 0.53% 0.48% 0.41% 0.40% 0.35% $124,340 Impact of excluding government-guaranteed delinquencies 0.42% 0.45% 0.37% 0.31% 0.30% Total SunTrust - including government-guaranteed delinquencies4 0.95% 0.93% 0.78% 0.71% 0.65% ($ in millions) Delinquencies Continued to Decline

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

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

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

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

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

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

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

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

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

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

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

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