8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 21, 2014

SunTrust Banks, Inc.

__________________________________________

(Exact name of registrant as specified in its charter)

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

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

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

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

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

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

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

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

Item 2.02 Results of Operations and Financial Condition.

Item 7.01 Regulation FD.

On April 21, 2014, SunTrust Banks, Inc. (the “Registrant”) announced financial results for the period ended March 31, 2014. A copy of the news release announcing such results is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The Registrant intends to hold an investor call and webcast to discuss these results on April 21, 2014, at 8:00 a.m. Eastern time. Additional presentation materials relating to such call are furnished hereto as Exhibit 99.2 and are incorporated herein by reference.

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

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1    News release dated April 21, 2014 (furnished with the Commission as a part of this Form 8-K).

99.2    Presentation materials dated April 21, 2014 (furnished with the Commission as a part of this Form 8-K).

SIGNATURE

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

		SUNTRUST BANKS, INC.
		(Registrant)
Date:	April 21, 2014	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

April 21, 2014

SunTrust Reports First Quarter2014 Results

Continued Loan Growth, Disciplined Expense Management, and Asset Quality Improvements Help Drive Solid Results

ATLANTA -- SunTrust Banks, Inc. (NYSE: STI) today reported net income available to common shareholders of $393 million, or $0.73 per average common diluted share, representing a 16% increase from the first quarter of 2013. Earnings per average common diluted share were $0.77 in the prior quarter.

"Our 16% earnings per share growth over the past year reflects progress in several key areas--expense management, credit quality improvement, and increased lending to clients," said William H. Rogers, Jr., Chairman and Chief Executive Officer of SunTrust Banks, Inc. "To deliver further profitable growth, we are focusing our efforts on meeting more of our clients’ needs and expanding relationships in key growth areas, while continuing our expense management discipline."

First Quarter2014 Financial Highlights

Income Statement

• Net income available to common shareholders was $393 million, or $0.73 per average common diluted share, compared to $413 million, or $0.77 per share, in the prior quarter. Both quarters' results included discrete items that benefited the effective tax rate.

• Total revenue decreased $31 million, or 2%, compared to the prior quarter.

◦ Net interest income declined slightly due to fewer days.

◦ Noninterest income decreased $23 million compared to the prior quarter driven by lower transaction-related fees and seasonally lower investment banking income, partially offset by higher mortgage-related income. Compared to the first quarter of 2013, noninterest income increased across most categories, except for the anticipated decline in mortgage production income due to lower refinance activity.

• Noninterest expense decreased $4 million sequentially.

◦ Compensation and benefits costs increased $77 million compared to the fourth quarter primarily due to the typical increase in incentive and employee benefit-related costs recognized in the first quarter. All other expense categories declined compared to the prior quarter. Compared to the first quarter of 2013, expenses were largely unchanged.

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Balance Sheet

• Average performing loans increased $2.9 billion sequentially, or 2%, with growth concentrated in C&I, commercial real estate, and consumer loans. Average performing loans increased $8.2 billion, or 7%, compared to the first quarter of 2013 driven by broad-based growth.

• Average client deposits increased 1% both sequentially and from the first quarter of 2013 with the favorable mix shift toward lower-cost deposits continuing.

Capital

• Estimated capital ratios continued to be well above regulatory requirements. The Basel I and Basel III Tier 1 common ratios were an estimated 9.9% and 9.7%, respectively.

• During the quarter, the Company announced capital plans, subject to the approval of SunTrust's Board of Directors, that include:

◦ The purchase of up to $450 million of its common shares between the second quarter of 2014 and the first quarter of 2015.

◦ An increase in the quarterly common stock dividend from $0.10 per share to $0.20 per share.

• Book value per share was $39.44 and tangible book value per common share was $27.82, up 2% and 3%, respectively compared to December 31, 2013. The increase was primarily due to retained earnings growth.

Asset Quality

• Asset quality continued to improve as nonperforming loans decreased 5% from the prior quarter and totaled 0.72% of total loans at March 31, 2014.

• Annualized net charge-offs decreased to 0.35% of average loans compared to 0.40% in the prior quarter, while the allowance for loan losses to total loans ratio declined slightly to 1.58%.

• The provision for credit losses was stable on a sequential quarter basis and declined $110 million compared to the first quarter of 2013.

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Income Statement (presented on a fully taxable-equivalent basis)	1Q 2013			4Q 2013			1Q 2014
(Dollars in millions, except per share data)
Net income available to common shareholders	$340			$413			$393
Earnings per average common diluted share	0.63			0.77			0.73
Total revenue	2,114			2,061			2,030
Total revenue, excluding net securities gains/losses	2,112			2,060			2,031
Net interest income	1,251			1,247			1,239
Provision for credit losses	212			101			102
Noninterest income	863			814			791
Noninterest expense	1,353			1,361			1,357
Net interest margin	3.33		%	3.20		%	3.19		%
Balance Sheet
(Dollars in billions)
Average loans		$120.9			$125.6			$128.5
Average consumer and commercial deposits	127.7			127.5			128.4
Capital
Tier 1 capital ratio(1)	11.20		%	10.81		%	10.85		%
Common equity Tier 1 ratio(1)	10.13		%	9.82		%	9.90		%
Total average shareholders’ equity to total average assets	12.29		%	12.23		%	12.28		%
Asset Quality
Net charge-offs to average loans (annualized)	0.76		%	0.40		%	0.35		%
Allowance for loan losses to period end loans	1.79		%	1.60		%	1.58		%
Nonperforming loans to total loans	1.21		%	0.76		%	0.72		%

 (1) Current period Tier 1 capital and common equity Tier 1 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 $2.0 billion for the current quarter, a decrease of $31 million, or 2%, compared to the prior quarter. The decrease was primarily driven by modest declines in net interest income and noninterest income, driven by fewer days in the current quarter and seasonally lower investment banking income, partially offset by higher mortgage-related income. Compared to the first quarter of 2013, total revenue declined $84 million, or 4%, primarily driven by declines in mortgage production income and net interest income and partially offset by higher investment banking, mortgage servicing, and wealth management related income.

Net Interest Income

Net interest income was $1.2 billion for the current quarter, a decrease of $8 million from the prior quarter primarily driven by two fewer days in the current quarter and a one basis point decline in the net interest margin, which were partially offset by higher average loan balances. Compared to the first quarter of 2013, net interest income decreased $12 million primarily due to a 14 basis point decline in the net interest margin, which was partially offset by higher average loan balances.

Net interest margin for the current quarter was 3.19%, a decrease of one basis point from the prior quarter, as the yield on loans declined three basis points. This was partially offset by a one basis point decline in interest-bearing deposit costs. The net interest margin decreased 14 basis points compared to the first quarter of 2013 primarily due to

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a 17 basis point decrease in earning asset yields, partially offset by a four basis point reduction in interest-bearing liability rates.

Noninterest Income

Noninterest income was $791 million for the current quarter compared to $814 million for the prior quarter and $863 million for the first quarter of 2013. Compared to the prior quarter, the $23 milliondecrease was primarily due to seasonal declines in service charges and investment banking income; however, also contributing to the decline was higher mark-to-market valuation losses on the Company's fair value debt, as well as declines in other income. These declines were partially offset by an increase in mortgage-related income. Compared to the first quarter of 2013, the $72 milliondecrease was primarily due to reductions in mortgage production income, partially offset by increases in investment banking, mortgage servicing, and wealth management related income.

Mortgage production income for the current quarter was $43 million compared to $31 million for the prior quarter and $159 million for the first quarter of 2013. The $12 million sequential quarter increase was driven bya decline in the mortgage repurchase provision and higher mark-to-market valuation gains on certain loans carried at fair value, partially offset by a decline in origination fees.Mortgage production volume declined to $3.1 billion in the current quarter compared to $3.9 billion in the prior quarter primarily due to a reduction in refinance activity. Compared to the first quarter of 2013, mortgage production income decreased $116 million due to a 65% decline in production volume and a decline in gain on sale margins. The mortgage repurchase provision was $5 million during the current quarter and the mortgage repurchase reserve was $83 million at March 31, 2014.

Mortgage servicing income was $54 million in the current quarter compared to $38 million in both the prior quarter and the first quarter of 2013. The $16 millionincrease compared to the prior quarter was due to a slower pace of loan prepayments and improved net hedge performance, whereas the increase compared to the first quarter of 2013 was primarily due to a slower pace of loan prepayments. The servicing portfolio was $135 billion at March 31, 2014 compared to $142 billion at March 31, 2013.

Investment banking income was $88 million for the current quarter compared to $96 million in the prior quarter and $68 million in the first quarter of 2013. The $8 million sequential quarter decrease was driven by a seasonal decline in M&A advisory and equity offering fees, partially offset by higher loan syndication income. The $20 million increase compared to the first quarter of 2013 was due to growth in loan syndication, M&A advisory, and equity offering fees.

Trading income was $49 million for the current quarter compared to $57 million for the prior quarter and $42 million for the first quarter of 2013. The $8 million sequential quarter decrease was due to a $13 million increase in mark-to-market valuation losses on the Company's fair value debt, partially offset by a modest increase in other trading income. The $7 million increase compared to the first quarter of 2013 was primarily driven by a decline in mark-to-market valuation losses on the Company's fair value debt.

Other noninterest income was $38 million for the current quarter compared to $55 million for the prior quarter and $44 million for the first quarter of 2013. The $17 million sequential quarter decrease was partially driven by gains realized on certain asset sales in the fourth quarter of 2013.

Noninterest Expense

Noninterest expense for the current quarter was $1.4 billion which was stable compared to the prior quarter and the first quarter of 2013. The current quarter included seasonally higher employee compensation and benefits expense and a $36 million impairment of certain legacy affordable housing assets. Offsetting these cost increases in the current quarter were broad-based declines in almost all expense categories due to declines in cyclical costs and a continued focus on expense management.

Employee compensation and benefits expense was $800 million in the current quarter compared to $723 million in the prior quarter and $759 million in the first quarter of 2013. The sequential quarter increase of $77 million was primarily the result of the seasonal increase in employee benefits and FICA taxes. The $41 millionincrease from the

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first quarter of 2013 was due to an incentive accrual reversal recorded in the first quarter of 2013 and higher salaries related to targeted hiring in certain businesses.

Operating losses were $21 million in the current quarter compared to $42 million in the prior quarter and $39 million in the first quarter of 2013. The decrease compared to both prior periods was due to lower costs associated with legacy mortgage and other legal related matters.

Outside processing and software expense was $170 million in the current quarter compared to $191 million in the prior quarter and $178 million in the first quarter of 2013. The $21 million sequential quarter decrease was partially due to declines in vendor-related costs and lower utilization of third party services. The $8 million decrease compared to the first quarter of 2013 was primarily due to lower mortgage production volume.

Marketing and customer development expense was $25 million in the current quarter compared to $40 million in the prior quarter and $30 million in the first quarter of 2013. The $15 milliondecrease compared to the prior quarter was due to seasonally higher advertising expenses during the fourth quarter. FDIC insurance and regulatory expense was $40 million in the current quarter compared to $41 million in the prior quarter and $54 million in the first quarter of 2013. The $14 milliondecrease compared to the first quarter of 2013 was due to a decrease in the assessment rate, reflecting the Company's reduced risk profile.

Other noninterest expense was $168 million in the current quarter compared to $187 million in the prior quarter and $153 million in the first quarter of 2013. The $19 million sequential quarter decrease was primarily driven by declines in collection, credit services, legal, and consulting expenses, partially offset by the aforementioned $36 million legacy asset impairment. The $15 millionincrease from the first quarter of 2013 was primarily driven by the aforementioned impairment charge.

Income Taxes

For the current quarter, the Company recorded an income tax provision of $125 million compared to $138 million for the prior quarter and $161 million for the first quarter of 2013. The effective tax rate was 24% in the current quarter compared to 25% in the prior quarter and 31% in the first quarter of 2013. The effective tax rate in the current and prior quarter was favorably impacted by certain discrete items.

Also during the current quarter, the Company adopted recently issued accounting guidance that resulted in the amortization expense of investments in low income housing properties being classified in the income tax provision, whereas the amortization was previously recorded in noninterest expense.  Prior periods have been restated to conform to this new accounting guidance, resulting in a reduction in noninterest expense and increase in income tax provision of $16 million and $10 million for the prior quarter and first quarter of 2013, respectively. The adoption of the recently issued accounting guidance had no impact on net income or earnings per share.

Balance Sheet

At March 31, 2014, the Company had total assets of $179.5 billion and shareholders’ equity of $21.8 billion, representing 12% of total assets. Book value per share was $39.44 and tangible book value per common share was $27.82, up 2% and 3%, respectively compared to December 31, 2013. The increase was primarily due to retained earnings growth.

Loans

Average performing loans were $127.6 billion for the current quarter, an increase of $2.9 billion, or 2%, from the prior quarter driven by a $2.1 billion, or 4%, increase in C&I loans and a $545 million, or 11%, increase in commercial real estate loans. Compared to the first quarter of 2013, average performing loans increased $8.2 billion, or 7%, with broad-based growth across most portfolios.

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Deposits

Average client deposits for the current quarter were $128.4 billion compared to $127.5 billion in the prior quarter and $127.7 billion in the first quarter of 2013. Average client deposits increased $936 million during the current quarter due to a $1.2 billion, or 5%, increase in NOW balances, which was partially offset by a decline in average time deposit balances. Compared to the first quarter of 2013, average client deposits increased $741 million. The growth was driven by increases of $1.3 billion in NOW account balances and $1.0 billion in demand deposits, and was partially offset by a $1.8 billion, or 12%, decrease in average 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 10.85% and 9.90%, respectively, at March 31, 2014. The ratios of total average equity to total average assets and tangible equity to tangible assets were 12.28% and 9.01%, respectively, at March 31, 2014, both slightly increased compared to the prior quarter. The Company continues to have substantial available liquidity provided in the form of its client deposit base, cash, its portfolio of high-quality government-backed securities, and other available funding sources.

During the first 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 first quarter of 2013. Additionally, during the current quarter, the Company repurchased $50 million of its common stock.

In March, the Company announced that the Federal Reserve had completed its review of the Company's capital plan and did not object to the Company's capital plan. The Company plans to repurchase up to $450 million of its common stock between the second quarter of 2014 and the first quarter of 2015. Additionally, subject to Board approval, the Company intends to increase its quarterly common stock dividend to $0.20 per common share from the current $0.10 per common share, and maintain the current level of dividend payments on its preferred stock.

Asset Quality

Asset quality continued to improve as total nonperforming assets were $1.1 billion at March 31, 2014, declining 6% compared to the prior quarter. Nonperforming loans totaled$925 millionatMarch 31,2014, adecreaseof5%relative to the prior quarter. AtMarch 31,2014, the percentage of nonperforming loans to total loans was0.72%, a decrease from0.76%and1.21%at December 31, 2013 and March 31, 2013, respectively. Other real estate owned totaled$151 millionatMarch 31,2014, an 11%decrease from the prior quarter and a decrease of 32% from the prior year.

Net charge-offs were $110 million during the current quarter compared to $128 million for the prior quarter and $226 million during the first quarter of 2013. The decrease in net charge-offs compared to the prior quarter and first quarter of 2013 was primarily driven by lower residential and commercial loan net charge-offs. The ratio of annualized net charge-offs to total average loans was 0.35% during the current quarter compared to 0.40% during the prior quarter and 0.76% during the first quarter of 2013. The provision for credit losses was $102 million, which was relatively stable compared to the prior quarter as improvements in asset quality were offset by loan growth. The provision for credit losses declined$110 million from the first quarter of 2013 as the improvement in asset quality more than offset the impact of loan growth on the allowance for loan losses.

At March 31, 2014, the allowance for loan losses was $2.0 billion and represented 1.58% of total loans, a $4 million and two basis point decrease, respectively from December 31, 2013. The slight decline in the allowance to total loans ratio was due to modest asset quality improvements in the first quarter.

Early stage delinquencies decreased seven basis points from the prior quarter to 0.67% at March 31, 2014. The decline was primarily due to consumer and mortgage loans. Excluding government-guaranteed loans, early stage delinquencies were 0.32%, down four basis points from the prior quarter.

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Accruing restructured loans totaled $2.8 billion, and nonaccruing restructured loans totaled $0.4 billion at March 31, 2014, of which $2.9 billion of restructured loans related to residential loans, $0.1 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 represents net charge-offs by segment combined with an allocation to the segments of the provision attributable to quarterly changes in the allowance for loan and lease losses and unfunded commitment reserve balances. SunTrust also reports results for Corporate Other, which includes the Treasury department as well as the residual expense associated with operational and support expense allocations. The Corporate Other segment also includes differences created between internal management accounting practices and generally accepted accounting principles ("GAAP"), certain matched-maturity funds transfer pricing credits and charges, 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 April 21, 2014, 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: 1Q14). Individuals calling from outside the United States should dial 1-517-308-9091 (Passcode: 1Q14). A replay of the call will be available approximately one hour after the call ends on April 21, 2014, and will remain available until May 21, 2014, by dialing 1-866-470-7047 (domestic) or 1-203-369-1481 (international). Alternatively, individuals may listen to the live webcast of the presentation by visiting the SunTrust investor relations website at www.suntrust.com/investorrelations. Beginning the afternoon of April 21, 2014, 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,” “forecast,” “goals,” “targets,” “initiatives,” “focus,” “potentially,” “probably,” “projects,” “outlook” or similar expressions or future conditional verbs such as “may,” “will,” “should,” “would,” and “could.” Forward-looking statements are based upon the current beliefs and expectations of management and on information currently available to management. Our statements speak as of the date hereof, and we do not assume any obligation to update these statements or to update the reasons why actual results could differ from those contained in such statements in light of new information or future events.

Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward looking statements. 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, 2013 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 March 31						%
	2014			2013			Change
EARNINGS & DIVIDENDS
Net income		$405			$352		15	%
Net income available to common shareholders	393			340			16
Total revenue - FTE 1, 2	2,030			2,114			(4	)
Total revenue - FTE excluding securities (losses)/gains, net 1, 2	2,031			2,112			(4	)
Net income per average common share
Diluted	0.73			0.63			16
Basic	0.74			0.64			16
Dividends paid per common share	0.10			0.05			100
CONDENSED BALANCE SHEETS
Selected Average Balances
Total assets		$176,971			$171,808		3	%
Earning assets	157,343			152,471			3
Loans	128,525			120,882			6
Intangible assets including MSRs	7,666			7,379			4
MSRs	1,265			957			32
Consumer and commercial deposits	128,396			127,655			1
Brokered time and foreign deposits	2,013			2,170			(7	)
Total shareholders’ equity	21,727			21,117			3
Preferred stock	725			725			—
As of
Total assets	179,542			172,435			4
Earning assets	158,487			152,783			4
Loans	129,196			120,804			7
Allowance for loan and lease losses	2,040			2,152			(5	)
Consumer and commercial deposits	130,933			127,735			3
Brokered time and foreign deposits	2,023			2,180			(7	)
Total shareholders’ equity	21,817			21,194			3
FINANCIAL RATIOS & OTHER DATA
Return on average total assets	0.93		%	0.83		%	12	%
Return on average common shareholders’ equity	7.59			6.77			12
Return on average tangible common shareholders' equity 1	10.78			9.88			9
Net interest margin 2	3.19			3.33			(4	)
Efficiency ratio 2, 4	66.83			63.97			4
Tangible efficiency ratio 1, 2, 4	66.65			63.68			5
Effective tax rate 4	23.61			31.43			(25	)
Tier 1 common 3	9.90			10.13			(2	)
Tier 1 capital 3	10.85			11.20			(3	)
Total capital 3	12.80			13.45			(5	)
Tier 1 leverage 3	9.55			9.26			3
Total average shareholders’ equity to total average assets	12.28			12.29			—
Tangible equity to tangible assets 1	9.01			9.00			—
Book value per common share		$39.44			$37.89		4
Tangible book value per common share 1	27.82			26.33			6
Market price:
High	41.26			29.98			38
Low	36.23			26.93			35
Close	39.79			28.81			38
Market capitalization	21,279			15,563			37
Average common shares outstanding (000s)
Diluted	536,992			539,862			(1	)
Basic	531,162			535,680			(1	)
Full-time equivalent employees	25,925			26,238			(1	)
Number of ATMs	2,243			2,882			(22	)
Full service banking offices	1,501			1,574			(5	)

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

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

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

⁴ Prior period amounts have been recalculated as a result of the Company’s early adoption of ASU 2014-01, which required retrospective application.

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SunTrust Banks, Inc. and Subsidiaries

FIVE QUARTER FINANCIAL HIGHLIGHTS

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

	Three Months Ended
	March 31			December 31			September 30			June 30			March 31
	2014			2013			2013			2013			2013
EARNINGS & DIVIDENDS
Net income		$405			$426			$189			$377			$352
Net income available to common shareholders	393			413			179			365			340
Net income available to common shareholders excluding the impact of Form 8-K items from the third quarter of 2013 1	393			413			358			365			340
Total revenue - FTE 1, 2	2,030			2,061			1,920			2,100			2,114
Total revenue - FTE excluding securities (losses)/gains, net 1, 2	2,031			2,060			1,920			2,100			2,112
Net income per average common share
Diluted	0.73			0.77			0.33			0.68			0.63
Diluted, excluding the impact of Form 8-K items from the third quarter of 2013 1	0.73			0.77			0.66			0.68			0.63
Basic	0.74			0.78			0.33			0.68			0.64
Dividends paid per common share	0.10			0.10			0.10			0.10			0.05
CONDENSED BALANCE SHEETS
Selected Average Balances
Total assets		$176,971			$173,791			$171,838			$172,537			$171,808
Earning assets	157,343			154,567			154,235			153,495			152,471
Loans	128,525			125,649			122,672			121,372			120,882
Intangible assets including MSRs	7,666			7,658			7,643			7,455			7,379
MSRs	1,265			1,253			1,232			1,039			957
Consumer and commercial deposits	128,396			127,460			126,618			126,579			127,655
Brokered time and foreign deposits	2,013			2,010			2,007			2,075			2,170
Total shareholders’ equity	21,727			21,251			21,027			21,272			21,117
Preferred stock	725			725			725			725			725
As of
Total assets	179,542			175,335			171,777			171,546			172,435
Earning assets	158,487			156,856			154,802			154,426			152,783
Loans	129,196			127,877			124,340			122,031			120,804
Allowance for loan and lease losses	2,040			2,044			2,071			2,125			2,152
Consumer and commercial deposits	130,933			127,735			126,861			125,588			127,735
Brokered time and foreign deposits	2,023			2,024			2,022			2,031			2,180
Total shareholders’ equity	21,817			21,422			21,070			21,007			21,194
FINANCIAL RATIOS & OTHER DATA
Return on average total assets	0.93		%	0.97		%	0.44		%	0.88		%	0.83		%
Return on average common shareholders’ equity	7.59			7.99			3.49			7.12			6.77
Return on average tangible common shareholders' equity 1	10.78			11.61			5.10			10.35			9.88
Net interest margin 2	3.19			3.20			3.19			3.25			3.33
Efficiency ratio 2, 4	66.83			66.05			90.13			66.07			63.97
Tangible efficiency ratio 1, 2, 4	66.65			65.84			89.82			65.78			63.68
Effective tax rate 4, 5	23.61			24.50			NM			29.27			31.43
Tier 1 common 3	9.90			9.82			9.94			10.19			10.13
Tier 1 capital 3	10.85			10.81			10.97			11.24			11.20
Total capital 3	12.80			12.81			13.04			13.43			13.45
Tier 1 leverage 3	9.55			9.58			9.46			9.40			9.26
Total average shareholders’ equity to total average assets	12.28			12.23			12.24			12.33			12.29
Tangible equity to tangible assets 1	9.01			9.00			8.98			8.95			9.00
Book value per common share		$39.44			$38.61			$37.85			$37.65			$37.89
Tangible book value per common share 1	27.82			27.01			26.27			26.08			26.33
Market price:
High	41.26			36.99			36.29			32.84			29.98
Low	36.23			31.97			31.59			26.97			26.93
Close	39.79			36.81			32.42			31.57			28.81
Market capitalization	21,279			19,734			17,427			17,005			15,563
Average common shares outstanding (000s)
Diluted	536,992			537,921			538,850			539,763			539,862
Basic	531,162			532,492			533,829			535,172			535,680
Full-time equivalent employees	25,925			26,281			26,409			26,199			26,238
Number of ATMs	2,243			2,243			2,846			2,874			2,882
Full service banking offices	1,501			1,497			1,508			1,539			1,574

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, tier 1 capital, total capital, and tier 1 leverage ratios are estimated as of the earnings release date.

⁴ Prior period amounts have been recalculated as a result of the Company’s early adoption of ASU 2014-01, which required retrospective application.

⁵"NM" - Not meaningful. Calculated rate 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)
	March 31
	2014			2013		Amount			% 3
Interest income		$1,336			$1,359		($23	)	(2	)%
Interest expense	132			138		(6		)	(4	)
NET INTEREST INCOME	1,204			1,221		(17		)	(1	)
Provision for credit losses	102			212		(110		)	(52	)
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	1,102			1,009		93			9
NONINTEREST INCOME
Service charges on deposit accounts	155			160		(5		)	(3	)
Trust and investment management income	130			124		6			5
Retail investment services	71			61		10			16
Other charges and fees	88			89		(1		)	(1	)
Investment banking income	88			68		20			29
Trading income	49			42		7			17
Card fees	76			76		—			—
Mortgage production related income	43			159		(116		)	(73	)
Mortgage servicing related income	54			38		16			42
Other noninterest income	38			44		(6		)	(14	)
Net securities (losses)/gains	(1		)	2		(3		)	NM
Total noninterest income	791			863		(72		)	(8	)
NONINTEREST EXPENSE
Employee compensation and benefits	800			759		41			5
Net occupancy expense	86			89		(3		)	(3	)
Outside processing and software	170			178		(8		)	(4	)
Equipment expense	44			45		(1		)	(2	)
Marketing and customer development	25			30		(5		)	(17	)
Amortization of intangible assets	3			6		(3		)	(50	)
Operating losses	21			39		(18		)	(46	)
FDIC premium/regulatory exams	40			54		(14		)	(26	)
Other noninterest expense 1	168			153		15			10
Total noninterest expense	1,357			1,353		4			—
INCOME BEFORE PROVISION FOR INCOME TAXES	536			519		17			3
Provision for income taxes 1	125			161		(36		)	(22	)
INCOME INCLUDING INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	411			358		53			15
Net income attributable to noncontrolling interest	6			6		—			—
NET INCOME		$405			$352		$53		15	%
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS		$393			$340		$53		16	%
Net interest income - FTE 2	1,239			1,251		(12		)	(1	)
Net income per average common share
Diluted	0.73			0.63		0.10			16
Basic	0.74			0.64		0.10			16
Cash dividends paid per common share	0.10			0.05		0.05			100
Average common shares outstanding (000s)
Diluted	536,992			539,862		(2,870		)	(1	)
Basic	531,162			535,680		(4,518		)	(1	)

¹ Amortization expense related to affordable housing investment costs is recognized in provision for income taxes for each of the periods presented. Prior to the first quarter of 2014, these amounts were recognized in other noninterest expense.

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
	March 31			December 31		Increase/(Decrease)					September 30			June 30		March 31
	2014			2013		Amount			% 3		2013			2013		2013
Interest income		$1,336			$1,343		($7	)	(1	)%		$1,339			$1,347		$1,359
Interest expense	132			130		2			2		131			136		138
NET INTEREST INCOME	1,204			1,213		(9		)	(1	)	1,208			1,211		1,221
Provision for credit losses	102			101		1			1		95			146		212
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	1,102			1,112		(10		)	(1	)	1,113			1,065		1,009
NONINTEREST INCOME
Service charges on deposit accounts	155			165		(10		)	(6	)	168			164		160
Trust and investment management income	130			131		(1		)	(1	)	133			130		124
Retail investment services	71			69		2			3		68			69		61
Other charges and fees	88			92		(4		)	(4	)	91			97		89
Investment banking income	88			96		(8		)	(8	)	99			93		68
Trading income	49			57		(8		)	(14	)	33			49		42
Card fees	76			79		(3		)	(4	)	77			78		76
Mortgage production related income/(loss)	43			31		12			39		(10		)	133		159
Mortgage servicing related income	54			38		16			42		11			1		38
Other noninterest income	38			55		(17		)	(31	)	10			44		44
Net securities (losses)/gains	(1		)	1		(2		)	NM		—			—		2
Total noninterest income	791			814		(23		)	(3	)	680			858		863
NONINTEREST EXPENSE
Employee compensation and benefits	800			723		77			11		682			737		759
Net occupancy expense	86			87		(1		)	(1	)	86			86		89
Outside processing and software	170			191		(21		)	(11	)	190			187		178
Equipment expense	44			45		(1		)	(2	)	45			46		45
Marketing and customer development	25			40		(15		)	(38	)	34			31		30
Amortization of intangible assets	3			5		(2		)	(40	)	6			6		6
Operating losses	21			42		(21		)	(50	)	350			72		39
FDIC premium/regulatory exams	40			41		(1		)	(2	)	45			41		54
Other noninterest expense 1	168			187		(19		)	(10	)	292			181		153
Total noninterest expense	1,357			1,361		(4		)	—		1,730			1,387		1,353
INCOME BEFORE PROVISION/(BENEFIT) FOR INCOME TAXES	536			565		(29		)	(5	)	63			536		519
Provision/(benefit) for income taxes 1	125			138		(13		)	(9	)	(133		)	156		161
INCOME INCLUDING INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	411			427		(16		)	(4	)	196			380		358
Net income attributable to noncontrolling interest	6			1		5			NM		7			3		6
NET INCOME		$405			$426		($21	)	(5	)%		$189			$377		$352
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS		$393			$413		($20	)	(5	)%		$179			$365		$340
Net interest income - FTE 2	1,239			1,247		(8		)	(1	)	1,240			1,242		1,251
Net income per average common share
Diluted	0.73			0.77		(0.04		)	(5	)	0.33			0.68		0.63
Basic	0.74			0.78		(0.04		)	(5	)	0.33			0.68		0.64
Cash dividends paid per common share	0.10			0.10		—			—		0.10			0.10		0.05
Average common shares outstanding (000s)
Diluted	536,992			537,921		(929		)	—		538,850			539,763		539,862
Basic	531,162			532,492		(1,330		)	—		533,829			535,172		535,680

¹ Amortization expense related to affordable housing investment costs is recognized in provision/(benefit) for income taxes for each of the periods presented. Prior to the first quarter of 2014, these amounts were recognized in other noninterest expense.

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)

	March 31						Increase/(Decrease)
	2014			2013			Amount			% 2
ASSETS
Cash and due from banks		$6,978			$4,787			$2,191		46	%
Federal funds sold and securities borrowed or purchased under agreements to resell	907			1,154			(247		)	(21	)
Interest-bearing deposits in other banks	22			21			1			5
Trading assets and derivatives	4,848			6,371			(1,523		)	(24	)
Securities available for sale	23,302			23,823			(521		)	(2	)
Loans held for sale	1,488			3,193			(1,705		)	(53	)
Loans held for investment:
Commercial and industrial	58,828			54,343			4,485			8
Commercial real estate	5,961			4,261			1,700			40
Commercial construction	920			634			286			45
Residential mortgages - guaranteed	3,295			3,930			(635		)	(16	)
Residential mortgages - nonguaranteed	24,331			23,051			1,280			6
Residential home equity products	14,637			14,617			20			—
Residential construction	532			683			(151		)	(22	)
Consumer student loans - guaranteed	5,533			5,275			258			5
Consumer other direct	3,109			2,387			722			30
Consumer indirect	11,339			11,009			330			3
Consumer credit cards	711			614			97			16
Total loans held for investment	129,196			120,804			8,392			7
Allowance for loan and lease losses	(2,040		)	(2,152		)	(112		)	(5	)
Net loans held for investment	127,156			118,652			8,504			7
Goodwill	6,377			6,369			8			—
Other intangible assets	1,282			1,076			206			19
Other real estate owned	151			224			(73		)	(33	)
Other assets	7,031			6,765			266			4
Total assets 1		$179,542			$172,435			$7,107		4	%
LIABILITIES
Deposits:
Noninterest-bearing consumer and commercial deposits		$39,792			$38,593			$1,199		3	%
Interest-bearing consumer and commercial deposits:
NOW accounts	29,151			26,736			2,415			9
Money market accounts	43,196			42,231			965			2
Savings	6,217			5,769			448			8
Consumer time	8,102			9,281			(1,179		)	(13	)
Other time	4,475			5,125			(650		)	(13	)
Total consumer and commercial deposits	130,933			127,735			3,198			3
Brokered time deposits	2,023			2,080			(57		)	(3	)
Foreign deposits	—			100			(100		)	(100	)
Total deposits	132,956			129,915			3,041			2
Funds purchased	1,269			605			664			NM
Securities sold under agreements to repurchase	2,133			1,854			279			15
Other short-term borrowings	5,277			4,169			1,108			27
Long-term debt	11,565			9,331			2,234			24
Trading liabilities and derivatives	1,041			1,376			(335		)	(24	)
Other liabilities	3,484			3,991			(507		)	(13	)
Total liabilities	157,725			151,241			6,484			4
SHAREHOLDERS' EQUITY
Preferred stock, no par value	725			725			—			—
Common stock, $1.00 par value	550			550			—			—
Additional paid in capital	9,107			9,132			(25		)	—
Retained earnings	12,278			11,133			1,145			10
Treasury stock, at cost, and other	(643		)	(531		)	112			21
Accumulated other comprehensive (loss)/income	(200		)	185			(385		)	NM
Total shareholders' equity	21,817			21,194			623			3
Total liabilities and shareholders' equity		$179,542			$172,435			$7,107		4	%
Common shares outstanding	534,780			540,187			(5,407		)	(1	)%
Common shares authorized	750,000			750,000			—			—
Preferred shares outstanding	7			7			—			—
Preferred shares authorized	50,000			50,000			—			—
Treasury shares of common stock	15,141			9,734			5,407			56

¹ Includes earning assets of $158,487 and $152,783 at March 31, 2014 and 2013, 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)

	March 31			December 31			Increase/(Decrease)					September 30			June 30			March 31
	2014			2013			Amount			%		2013			2013			2013
ASSETS
Cash and due from banks		$6,978			$4,258			$2,720		64	%		$3,041			$3,027			$4,787
Federal funds sold and securities borrowed or purchased under agreements to resell	907			983			(76		)	(8	)	1,222			1,111			1,154
Interest-bearing deposits in other banks	22			22			—			—		23			21			21
Trading assets and derivatives	4,848			5,040			(192		)	(4	)	5,794			6,076			6,371
Securities available for sale	23,302			22,542			760			3		22,626			23,389			23,823
Loans held for sale	1,488			1,699			(211		)	(12	)	2,462			3,647			3,193
Loans held for investment:
Commercial and industrial	58,828			57,974			854			1		55,943			55,070			54,343
Commercial real estate	5,961			5,481			480			9		4,755			4,308			4,261
Commercial construction	920			855			65			8		737			667			634
Residential mortgages - guaranteed	3,295			3,416			(121		)	(4	)	3,527			3,622			3,930
Residential mortgages - nonguaranteed	24,331			24,412			(81		)	—		24,106			23,341			23,051
Residential home equity products	14,637			14,809			(172		)	(1	)	14,826			14,682			14,617
Residential construction	532			553			(21		)	(4	)	582			635			683
Consumer student loans - guaranteed	5,533			5,545			(12		)	—		5,489			5,431			5,275
Consumer other direct	3,109			2,829			280			10		2,670			2,483			2,387
Consumer indirect	11,339			11,272			67			1		11,035			11,151			11,009
Consumer credit cards	711			731			(20		)	(3	)	670			641			614
Total loans held for investment	129,196			127,877			1,319			1		124,340			122,031			120,804
Allowance for loan and lease losses	(2,040		)	(2,044		)	(4		)	—		(2,071		)	(2,125		)	(2,152		)
Net loans held for investment	127,156			125,833			1,323			1		122,269			119,906			118,652
Goodwill	6,377			6,369			8			—		6,369			6,369			6,369
Other intangible assets	1,282			1,334			(52		)	(4	)	1,287			1,244			1,076
Other real estate owned	151			170			(19		)	(11	)	196			198			224
Other assets	7,031			7,085			(54		)	(1	)	6,488			6,558			6,765
Total assets 1		$179,542			$175,335			$4,207		2	%		$171,777			$171,546			$172,435
LIABILITIES
Deposits:
Noninterest-bearing consumer and commercial deposits		$39,792			$38,800			$992		3	%		$39,006			$37,999			$38,593
Interest-bearing consumer and commercial deposits:
NOW accounts	29,151			28,164			987			4		25,495			26,106			26,736
Money market accounts	43,196			41,873			1,323			3		43,106			41,684			42,231
Savings	6,217			5,842			375			6		5,778			5,819			5,769
Consumer time	8,102			8,475			(373		)	(4	)	8,742			9,050			9,281
Other time	4,475			4,581			(106		)	(2	)	4,734			4,930			5,125
Total consumer and commercial deposits	130,933			127,735			3,198			3		126,861			125,588			127,735
Brokered time deposits	2,023			2,024			(1		)	—		2,022			2,006			2,080
Foreign deposits	—			—			—			—		—			25			100
Total deposits	132,956			129,759			3,197			2		128,883			127,619			129,915
Funds purchased	1,269			1,192			77			6		934			420			605
Securities sold under agreements to repurchase	2,133			1,759			374			21		1,574			1,869			1,854
Other short-term borrowings	5,277			5,788			(511		)	(9	)	4,479			5,825			4,169
Long-term debt	11,565			10,700			865			8		9,985			9,818			9,331
Trading liabilities and derivatives	1,041			1,181			(140		)	(12	)	1,346			1,310			1,376
Other liabilities	3,484			3,534			(50		)	(1	)	3,506			3,678			3,991
Total liabilities	157,725			153,913			3,812			2		150,707			150,539			151,241
SHAREHOLDERS’ EQUITY
Preferred stock, no par value	725			725			—			—		725			725			725
Common stock, $1.00 par value	550			550			—			—		550			550			550
Additional paid in capital	9,107			9,115			(8		)	—		9,117			9,126			9,132
Retained earnings	12,278			11,936			342			3		11,573			11,447			11,133
Treasury stock, at cost, and other	(643		)	(615		)	28			5		(579		)	(558		)	(531		)
Accumulated other comprehensive (loss)/income	(200		)	(289		)	(89		)	(31	)	(316		)	(283		)	185
Total shareholders’ equity	21,817			21,422			395			2		21,070			21,007			21,194
Total liabilities and shareholders’ equity		$179,542			$175,335			$4,207		2	%		$171,777			$171,546			$172,435
Common shares outstanding	534,780			536,097			(1,317		)	—	%	537,549			538,653			540,187
Common shares authorized	750,000			750,000			—			—		750,000			750,000			750,000
Preferred shares outstanding	7			7			—			—		7			7			7
Preferred shares authorized	50,000			50,000			—			—		50,000			50,000			50,000
Treasury shares of common stock	15,141			13,824			1,317			10		12,372			11,268			9,734

¹ Includes earning assets of $158,487, $156,856, $154,802, $154,426, and $152,783 at March 31, 2014, December 31, 2013, September 30, 2013, June 30, 2013, and March 31, 2013, respectively.

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
	March 31, 2014							December 31, 2013							Sequential Quarter					Prior Year Quarter
	Average Balances			Interest Income/ Expense		Yields/ Rates		Average Balances			Interest Income/ Expense		Yields/ Rates		Average Balances			Yields/ Rates		Average Balances			Yields/ Rates
ASSETS
Loans:
Commercial and industrial - FTE 1		$58,287			$538	3.74	%		$56,208			$545	3.85	%		$2,079		(0.11	)	$4,524			(0.46	)
Commercial real estate	5,616			41		2.93		5,071			39		3.07		545			(0.14	)	1,524			(0.57	)
Commercial construction	894			7		3.31		809			7		3.29		85			0.02		231			(0.44	)
Residential mortgages - guaranteed	3,351			30		3.62		3,470			24		2.81		(119		)	0.81		(728		)	1.00
Residential mortgages - nonguaranteed	23,933			242		4.05		23,892			241		4.04		41			0.01		1,547			(0.20	)
Home equity products	14,516			129		3.59		14,623			133		3.60		(107		)	(0.01	)	153			(0.05	)
Residential construction	485			5		4.40		494			6		4.69		(9		)	(0.29	)	(130		)	(0.21	)
Guaranteed student loans	5,523			50		3.70		5,512			52		3.76		11			(0.06	)	126			(0.22	)
Other direct	2,959			31		4.25		2,740			30		4.31		219			(0.06	)	561			(0.18	)
Indirect	11,299			91		3.25		11,149			93		3.32		150			(0.07	)	303			(0.28	)
Credit cards	716			17		9.56		693			17		9.60		23			(0.04	)	99			0.04
Nonaccrual	946			5		1.98		988			6		2.30		(42		)	(0.32	)	(567		)	(0.93	)
Total loans	128,525			1,186		3.74		125,649			1,193		3.77		2,876			(0.03	)	7,643			(0.28	)
Securities available for sale:
Taxable	22,422			150		2.68		21,995			147		2.67		427			0.01		213			0.15
Tax-exempt - FTE 1	264			3		5.25		233			3		5.12		31			0.13		(30		)	0.03
Total securities available for sale	22,686			153		2.71		22,228			150		2.70		458			0.01		183			0.14
Federal funds sold and securities borrowed or purchased under agreements to resell	978			—		—		871			—		0.02		107			(0.02	)	(114		)	(0.04	)
Loans held for sale	1,450			15		4.05		1,767			17		3.80		(317		)	0.25		(2,302		)	0.76
Interest-bearing deposits	22			—		0.13		19			—		0.06		3			0.07		1			—
Interest earning trading assets	3,682			17		1.87		4,033			17		1.66		(351		)	0.21		(539		)	0.34
Total earning assets	157,343			1,371		3.53		154,567			1,377		3.53		2,776			—		4,872			(0.17	)
Allowance for loan and lease losses	(2,037		)					(2,051		)					14					141
Cash and due from banks	5,436							5,335							101					974
Other assets	14,827							14,321							506					527
Noninterest earning trading assets and derivatives	1,299							1,482							(183		)			(660		)
Unrealized gains on securities available for sale, net	103							137							(34		)			(691		)
Total assets		$176,971							$173,791							$3,180					$5,163
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing deposits:
NOW accounts	$27,707				$5	0.07	%		$26,504			$4	0.06	%		$1,203		0.01			$1,324		(0.01	)
Money market accounts	42,755			13		0.12		42,756			13		0.12		(1		)	—		(240		)	(0.03	)
Savings	6,035			—		0.04		5,816			—		0.04		219			—		508			(0.02	)
Consumer time	8,318			22		1.08		8,605			24		1.09		(287		)	(0.01	)	(1,103		)	(0.08	)
Other time	4,533			13		1.19		4,645			14		1.19		(112		)	—		(712		)	(0.18	)
Total interest-bearing consumer and commercial deposits	89,348			53		0.24		88,326			55		0.25		1,022			(0.01	)	(223		)	(0.06	)
Brokered time deposits	2,012			12		2.31		2,008			12		2.37		4			(0.06	)	(75		)	(0.30	)
Foreign deposits	1			—		0.60		2			—		—		(1		)	0.60		(82		)	0.45
Total interest-bearing deposits	91,361			65		0.29		90,336			67		0.30		1,025			(0.01	)	(380		)	(0.06	)
Funds purchased	989			—		0.08		681			—		0.09		308			(0.01	)	273			(0.03	)
Securities sold under agreements to repurchase	2,202			1		0.10		1,957			1		0.11		245			(0.01	)	497			(0.09	)
Interest-bearing trading liabilities	699			5		2.74		627			4		2.75		72			(0.01	)	(24		)	0.53
Other short-term borrowings	5,588			3		0.24		5,424			4		0.27		164			(0.03	)	1,867			(0.05	)
Long-term debt	11,367			58		2.05		10,525			54		2.04		842			0.01		2,010			(0.17	)
Total interest-bearing liabilities	112,206			132		0.48		109,550			130		0.47		2,656			0.01		4,243			(0.04	)
Noninterest-bearing deposits	39,048							39,134							(86		)			964
Other liabilities	3,524							3,336							188					(492		)
Noninterest-bearing trading liabilities and derivatives	466							520							(54		)			(162		)
Shareholders’ equity	21,727							21,251							476					610
Total liabilities and shareholders’ equity		$176,971							$173,791							$3,180					$5,163
Interest Rate Spread						3.05	%						3.06	%				(0.01	)				(0.12	)
Net Interest Income - FTE 1					$1,239							$1,247
Net Interest Margin 2						3.19	%						3.20	%				(0.01	)				(0.14	)

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

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

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
	September 30, 2013							June 30, 2013							March 31, 2013
	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		$54,666			$535	3.88	%		$54,490			$544	4.01	%		$53,763			$556	4.20	%
Commercial real estate	4,615			37		3.18		4,262			35		3.27		4,092			35		3.50
Commercial construction	704			6		3.38		628			5		3.47		663			6		3.75
Residential mortgages - guaranteed	3,526			28		3.14		3,768			27		2.86		4,079			27		2.62
Residential mortgages -nonguaranteed	23,258			238		4.09		22,470			242		4.30		22,386			238		4.25
Home equity products	14,549			133		3.63		14,358			131		3.65		14,363			129		3.64
Residential construction	529			7		4.88		559			8		5.46		615			7		4.61
Guaranteed student loans	5,453			52		3.81		5,339			50		3.78		5,397			52		3.92
Other direct	2,563			28		4.33		2,434			27		4.41		2,398			26		4.43
Indirect	11,069			94		3.36		11,073			94		3.41		10,996			96		3.53
Credit cards	656			16		9.73		617			15		9.80		617			15		9.52
Nonaccrual	1,084			6		2.37		1,374			9		2.76		1,513			11		2.91
Total loans	122,672			1,180		3.81		121,372			1,187		3.92		120,882			1,198		4.02
Securities available for sale:
Taxable	22,494			140		2.49		22,834			141		2.46		22,209			140		2.53
Tax-exempt - FTE 1	243			3		5.16		263			3		5.18		294			4		5.22
Total securities available for sale	22,737			143		2.52		23,097			144		2.49		22,503			144		2.57
Federal funds sold and securities borrowed or purchased under agreements to resell	1,029			—		0.01		1,107			—		—		1,092			—		0.04
Loans held for sale	3,344			30		3.58		3,540			29		3.26		3,752			31		3.29
Interest-bearing deposits	22			—		0.11		21			—		0.06		21			—		0.13
Interest earning trading assets	4,431			18		1.64		4,358			18		1.60		4,221			16		1.53
Total earning assets	154,235			1,371		3.53		153,495			1,378		3.60		152,471			1,389		3.70
Allowance for loan and lease losses	(2,112		)					(2,143		)					(2,178		)
Cash and due from banks	3,867							4,453							4,462
Other assets	14,271							14,256							14,300
Noninterest earning trading assets and derivatives	1,529							1,789							1,959
Unrealized gains on securities available for sale, net	48							687							794
Total assets		$171,838							$172,537							$171,808
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing deposits:
NOW accounts		$25,435			$4	0.06	%		$26,015			$4	0.06	%		$26,383			$5	0.08	%
Money market accounts	43,019			13		0.12		41,850			13		0.13		42,995			15		0.15
Savings	5,802			1		0.04		5,808			1		0.05		5,527			1		0.06
Consumer time	8,895			25		1.12		9,163			26		1.15		9,421			27		1.16
Other time	4,830			15		1.26		5,036			17		1.34		5,245			18		1.37
Total interest-bearing consumer and commercial deposits	87,981			58		0.26		87,872			61		0.28		89,571			66		0.30
Brokered time deposits	1,989			12		2.44		2,038			14		2.54		2,087			13		2.61
Foreign deposits	18			—		0.11		37			—		0.13		83			—		0.15
Total interest-bearing deposits	89,988			70		0.31		89,947			75		0.33		91,741			79		0.35
Funds purchased	505			—		0.09		657			—		0.10		716			—		0.11
Securities sold under agreements to repurchase	1,885			1		0.13		1,879			1		0.13		1,705			1		0.19
Interest-bearing trading liabilities	720			5		2.58		751			4		2.29		723			4		2.21
Other short-term borrowings	5,222			3		0.27		5,422			3		0.24		3,721			3		0.29
Long-term debt	9,891			52		2.06		9,700			53		2.19		9,357			51		2.22
Total interest-bearing liabilities	108,211			131		0.48		108,356			136		0.50		107,963			138		0.52
Noninterest-bearing deposits	38,637							38,707							38,084
Other liabilities	3,428							3,637							4,016
Noninterest-bearing trading liabilities and derivatives	535							565							628
Shareholders’ equity	21,027							21,272							21,117
Total liabilities and shareholders’ equity		$171,838							$172,537							$171,808
Interest Rate Spread						3.05	%						3.10	%						3.17	%
Net Interest Income - FTE 1					$1,240							$1,242							$1,251
Net Interest Margin 2						3.19	%						3.25	%						3.33	%

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

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

17

SunTrust Banks, Inc. and Subsidiaries OTHER FINANCIAL DATA (Dollars in millions) (Unaudited)
	Three Months Ended
	March 31						Increase/(Decrease)
	2014			2013			Amount			%4
CREDIT DATA
Allowance for credit losses - beginning		$2,094			$2,219			($125	)	(6	)%
(Benefit)/provision for unfunded commitments	(4		)	8			(12		)	NM
Provision for loan losses:
Commercial	39			64			(25		)	(39	)
Residential	48			112			(64		)	(57	)
Consumer	19			28			(9		)	(32	)
Total provision for loan losses	106			204			(98		)	(48	)
Charge-offs:
Commercial	(33		)	(60		)	(27		)	(45	)
Residential	(85		)	(178		)	(93		)	(52	)
Consumer	(33		)	(35		)	(2		)	(6	)
Total charge-offs	(151		)	(273		)	(122		)	(45	)
Recoveries:
Commercial	14			15			(1		)	(7	)
Residential	17			22			(5		)	(23	)
Consumer	10			10			—			—
Total recoveries	41			47			(6		)	(13	)
Net charge-offs	(110		)	(226		)	(116		)	(51	)
Allowance for credit losses - ending		$2,086			$2,205			($119	)	(5	)%
Components:
Allowance for loan and lease losses		$2,040			$2,152			($112	)	(5	)%
Unfunded commitments reserve	46			53			(7		)	(13	)
Allowance for credit losses		$2,086			$2,205			($119	)	(5	)%
Net charge-offs to average loans (annualized):
Commercial	0.12		%	0.32		%	(0.20		)	(63	)%
Residential	0.64			1.48			(0.84		)	(57	)
Consumer	0.47			0.52			(0.05		)	(10	)
Total net charge-offs to total average loans	0.35		%	0.76		%	(0.41		)	(54	)%
Period Ended
Nonaccrual/nonperforming loans:
Commercial		$229			$289			($60	)	(21	)%
Residential	684			1,157			(473		)	(41	)
Consumer	12			21			(9		)	(43	)
Total nonaccrual/nonperforming loans	925			1,467			(542		)	(37	)
Other real estate owned (“OREO”)	151			223			(72		)	(32	)
Other repossessed assets	7			9			(2		)	(22	)
Nonperforming loans held for sale ("LHFS")	12			41			(29		)	(71	)
Total nonperforming assets		$1,095			$1,740			($645	)	(37	)%
Accruing restructured loans		$2,783			$2,499			$284		11	%
Nonaccruing restructured loans	358			655			(297		)	(45	)
Accruing loans past due > 90 days (guaranteed)	1,095			767			328			43
Accruing loans past due > 90 days (non-guaranteed)	42			56			(14		)	(25	)
Accruing LHFS past due > 90 days	1			2			(1		)	(50	)
Nonperforming loans to total loans	0.72		%	1.21		%	(0.49		)	(40	)%
Nonperforming assets to total loans plus OREO, other repossessed assets, and nonperforming LHFS	0.85			1.44			(0.59		)	(41	)
Allowance to period-end loans 1,2	1.58			1.79			(0.21		)	(12	)
Allowance to period-end loans, excluding government guaranteed loans 1,2,3	1.70			1.93			(0.23		)	(12	)
Allowance to nonperforming loans 1,2	223			148			75			51
Allowance to annualized net charge-offs 1	4.56x			2.34x			2.22x			95

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

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

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

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

18

SunTrust Banks, Inc. and Subsidiaries FIVE QUARTER OTHER FINANCIAL DATA (Dollars in millions) (Unaudited)
	Three Months Ended											Three Months Ended
	March 31			December 31			Increase/(Decrease)					September 30			June 30			March 31
	2014			2013			Amount			%4		2013			2013			2013
CREDIT DATA
Allowance for credit losses - beginning		$2,094			$2,121			($27	)	(1	)%		$2,172			$2,205			$2,219
(Benefit)/provision for unfunded commitments	(4		)	—			(4		)	NM		3			(6		)	8
Provision for loan losses:
Commercial	39			14			25			NM		77			42			64
Residential	48			60			(12		)	(20	)	(6		)	78			112
Consumer	19			27			(8		)	(30	)	21			32			28
Total provision for loan losses	106			101			5			5		92			152			204
Charge-offs:
Commercial	(33		)	(43		)	(10		)	(23	)	(52		)	(64		)	(60		)
Residential	(85		)	(102		)	(17		)	(17	)	(109		)	(143		)	(178		)
Consumer	(33		)	(30		)	3			10		(28		)	(26		)	(35		)
Total charge-offs	(151		)	(175		)	(24		)	(14	)	(189		)	(233		)	(273		)
Recoveries:
Commercial	14			18			(4		)	(22	)	13			20			15
Residential	17			20			(3		)	(15	)	21			24			22
Consumer	10			9			1			11		9			10			10
Total recoveries	41			47			(6		)	(13	)	43			54			47
Net charge-offs	(110		)	(128		)	(18		)	(14	)	(146		)	(179		)	(226		)
Allowance for credit losses - ending		$2,086			$2,094			($8	)	—	%		$2,121			$2,172			$2,205
Components:
Allowance for loan and lease losses		$2,040			$2,044			($4	)	—	%		$2,071			$2,125			$2,152
Unfunded commitments reserve	46			50			(4		)	(8	)	50			47			53
Allowance for credit losses		$2,086			$2,094			($8	)	—	%		$2,121			$2,172			$2,205
Net charge-offs to average loans (annualized):
Commercial	0.12		%	0.16		%	(0.04		)	(25	)%	0.26		%	0.29		%	0.32		%
Residential	0.64			0.75			(0.11		)	(15	)	0.82			1.13			1.48
Consumer	0.47			0.42			0.05			12		0.39			0.34			0.52
Total net charge-offs to total average loans	0.35		%	0.40		%	(0.05		)	(13	)%	0.47		%	0.59		%	0.76		%
Period Ended
Nonaccrual/nonperforming loans:
Commercial		$229			$247			($18	)	(7	)%		$275			$304			$289
Residential	684			712			(28		)	(4	)	752			825			1,157
Consumer	12			12			—			—		10			12			21
Total nonaccrual/nonperforming loans	925			971			(46		)	(5	)	1,037			1,141			1,467
OREO	151			170			(19		)	(11	)	196			198			223
Other repossessed assets	7			7			—			—		9			8			9
Nonperforming LHFS	12			17			(5		)	(29	)	59			48			41
Total nonperforming assets		$1,095			$1,165			($70	)	(6	)%		$1,301			$1,395			$1,740
Accruing restructured loans		$2,783			$2,749			$34		1	%		$2,744			$2,781			$2,499
Nonaccruing restructured loans	358			391			(33		)	(8	)	406			415			655
Accruing loans past due > 90 days (guaranteed)	1,095			1,180			(85		)	(7	)	1,108			958			767
Accruing loans past due > 90 days (non-guaranteed)	42			48			(6		)	(13	)	55			47			56
Accruing LHFS past due > 90 days	1			—			1			NM		—			1			2
Nonperforming loans to total loans	0.72		%	0.76		%	(0.04		)	(5	)%	0.83		%	0.94		%	1.21		%
Nonperforming assets to total loans plus OREO, other repossessed assets, and nonperforming LHFS	0.85			0.91			(0.06		)	(7	)	1.04			1.14			1.44
Allowance to period-end loans 1,2	1.58			1.60			(0.02		)	(1	)	1.67			1.75			1.79
Allowance to period-end loans, excluding government guaranteed loans 1,2,3	1.70			1.72			(0.02		)	(1	)	1.80			1.89			1.93
Allowance to nonperforming loans 1,2	223			212			11			5		201			188			148
Allowance to annualized net charge-offs 1	4.56x			4.03x			0.53x			13		3.58x			2.97x			2.34x

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

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

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

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

19

SunTrust Banks, Inc. and Subsidiaries OTHER FINANCIAL DATA, continued (Dollars in millions) (Unaudited)
	Three Months Ended March 31
	Core Deposit   Intangibles			MSRs - Fair Value			Other			Total
OTHER INTANGIBLE ASSET ROLLFORWARD
Balance, beginning of period		$17			$899			$40			$956
Amortization	(3		)	—			(3		)	(6		)
Mortgage servicing rights (“MSRs”) originated	—			110			—			110
Fair value changes due to inputs and assumptions 1	—			90			—			90
Other changes in fair value 2	—			(74		)	—			(74		)
Balance, March 31, 2013		$14			$1,025			$37			$1,076
Balance, beginning of period		$4			$1,300			$30			$1,334
Amortization	(1		)	—			(2		)	(3		)
MSRs originated	—			32			—			32
Fair value changes due to inputs and assumptions 1	—			(46		)	—			(46		)
Other changes in fair value 2	—			(35		)	—			(35		)
Balance, March 31, 2014		$3			$1,251			$28			$1,282

¹ Primarily reflects changes in discount rates and prepayment speed assumptions, due to changes in interest rates.

² Represents changes due to the collection of expected cash flows, net of accretion, due to the passage of time.

	Three Months Ended
	March 31		December 31		September 30		June 30		March 31
	2014		2013		2013		2013		2013
COMMON SHARE ROLLFORWARD (000’s)
Balance, beginning of period	536,097		537,549		538,653		540,187		538,959
Common shares issued for employee benefit plans, stock option, and restricted stock activity	37		11		325		130		1,228
Repurchase of common stock	(1,354	)	(1,463	)	(1,429	)	(1,664	)	—
Balance, end of period	534,780		536,097		537,549		538,653		540,187

20

SunTrust Banks, Inc. and Subsidiaries RECONCILEMENT OF NON-GAAP MEASURES APPENDIX A TO THE EARNINGS RELEASE (Dollars in millions, except per share data) (Unaudited)
	Three Months Ended
	March 31			December 31			September 30			June 30			March 31
	2014			2013			2013			2013			2013
NON-GAAP MEASURES PRESENTED IN THE EARNINGS RELEASE1
Net interest income		$1,204			$1,213			$1,208			$1,211			$1,221
Taxable-equivalent adjustment	35			34			32			31			30
Net interest income - FTE	1,239			1,247			1,240			1,242			1,251
Noninterest income	791			814			680			858			863
Total revenue - FTE	2,030			2,061			1,920			2,100			2,114
Securities losses/(gains), net	1			(1		)	—			—			(2		)
Total revenue - FTE excluding net securities (losses)/gains 2		$2,031			$2,060			$1,920			$2,100			$2,112
Noninterest income		$791			$814			$680			$858			$863
Securities losses/(gains), net	1			(1		)	—			—			(2		)
Noninterest income excluding net securities (losses)/gains 2		$792			$813			$680			$858			$861
Return on average common shareholders’ equity	7.59		%	7.99		%	3.49		%	7.12		%	6.77		%
Effect of removing average intangible assets, excluding MSRs	3.19			3.62			1.61			3.23			3.11
Return on average tangible common shareholders' equity 3	10.78		%	11.61		%	5.10		%	10.35		%	9.88		%
Efficiency ratio 4, 10	66.83		%	66.05		%	90.13		%	66.07		%	63.97		%
Impact of excluding amortization of intangible assets	(0.18		)	(0.21		)	(0.31		)	(0.29		)	(0.29		)
Tangible efficiency ratio 5, 10	66.65		%	65.84		%	89.82		%	65.78		%	63.68		%
	March 31			December 31			September 30			June 30			March 31
	2014			2013			2013			2013			2013
Total shareholders' equity		$21,817			$21,422			$21,070			$21,007			$21,194
Goodwill, net of deferred taxes of $193 million, $186 million, $180 million, $174 million, and $169 million, respectively	(6,184		)	(6,183		)	(6,189		)	(6,195		)	(6,200		)
Other intangible assets, net of deferred taxes of $1 million, $2 million, $2 million, $4 million, and $5 million, respectively, and MSRs	(1,281		)	(1,332		)	(1,285		)	(1,240		)	(1,071		)
MSRs	1,251			1,300			1,248			1,199			1,025
Tangible equity	15,603			15,207			14,844			14,771			14,948
Preferred stock	(725		)	(725		)	(725		)	(725		)	(725		)
Tangible common equity		$14,878			$14,482			$14,119			$14,046			$14,223
Total assets		$179,542			$175,335			$171,777			$171,546			$172,435
Goodwill	(6,377		)	(6,369		)	(6,369		)	(6,369		)	(6,369		)
Other intangible assets including MSRs	(1,282		)	(1,334		)	(1,287		)	(1,244		)	(1,076		)
MSRs	1,251			1,300			1,248			1,199			1,025
Tangible assets		$173,134			$168,932			$165,369			$165,132			$166,015
Tangible equity to tangible assets 6	9.01		%	9.00		%	8.98		%	8.95		%	9.00		%
Tangible book value per common share 7		$27.82			$27.01			$26.27			$26.08			$26.33
Total loans		$129,196			$127,877			$124,340			$122,031			$120,804
Government guaranteed loans	(8,828		)	(8,961		)	(9,016		)	(9,053		)	(9,205		)
Loans held at fair value	(299		)	(302		)	(316		)	(339		)	(360		)
Total loans, excluding government guaranteed and fair value loans		$120,069			$118,614			$115,008			$112,639			$111,239
Allowance to total loans, excluding government guaranteed and fair value loans 8	1.70		%	1.72		%	1.80		%	1.89		%	1.93		%

21

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
	March 31		December 31		September 30			June 30		March 31
	2014		2013		2013			2013		2013
NON-GAAP MEASURES PRESENTED IN THE EARNINGS RELEASE1
Net income available to common shareholders		$393		$413		$179			$365		$340
Form 8-K items from the third quarter of 2013:
Operating losses related to settlement of certain legal matters	—		—		323			—		—
Mortgage repurchase provision related to repurchase settlements	—		—		63			—		—
Provision for unrecoverable servicing advances	—		—		96			—		—
Tax benefit related to above items	—		—		(190		)	—		—
Net tax benefit related to subsidiary reorganization and other	—		—		(113		)	—		—
Net income available to common shareholders, excluding the impact of Form 8-K items from the third quarter of 2013 9		$393		$413		$358			$365		$340
Net income per average common share, diluted		$0.73		$0.77		$0.33			$0.68		$0.63
Impact of Form 8-K items from the third quarter of 2013	—		—		0.33			—		—
Net income per average common diluted share, excluding the impact of Form 8-K items from the third quarter of 2013 9		$0.73		$0.77		$0.66			$0.68		$0.63

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

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

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

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

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

⁶ SunTrust presents 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 on Form 8-K filed with the SEC on October 10, 2013. The Company believes this measure is useful to investors because it removes the effect of material items impacting current year's results, allowing a more useful view of normalized operations. Removing these items also allows investors to compare the Company's results to other companies in the industry that may not have had similar items impacting their results.

¹⁰ Prior period amounts have been recalculated as a result of the Company’s early adoption of ASU 2014-01, which required retrospective application.

22

SunTrust Banks, Inc. and Subsidiaries CONSUMER BANKING AND PRIVATE WEALTH MANAGEMENT (Dollars in millions) (Unaudited)
	Three Months Ended March 31 1
	2014			2013			% Change
Statements of Income:
Net interest income		$641			$649		(1	)%
FTE adjustment	—			—			—
Net interest income - FTE	641			649			(1	)
Provision for credit losses 2	53			92			(42	)
Net interest income - FTE - after provision for credit losses	588			557			6
Noninterest income before securities gains/(losses)	361			357			1
Securities gains/(losses), net	—			—			—
Total noninterest income	361			357			1
Noninterest expense before amortization of intangible assets	707			699			1
Amortization of intangible assets	2			5			(60	)
Total noninterest expense	709			704			1
Income - FTE - before provision for income taxes	240			210			14
Provision for income taxes	88			77			14
FTE adjustment	—			—			—
Net income including income attributable to noncontrolling interest	152			133			14
Less: net income attributable to noncontrolling interest	—			—			—
Net income		$152			$133		14
Total revenue - FTE		$1,002			$1,006		—
Selected Average Balances:
Total loans		$41,262			$40,332		2	%
Goodwill	4,262			3,955			8
Other intangible assets excluding MSRs	22			41			(46	)
Total assets	46,943			45,376			3
Consumer and commercial deposits	84,550			85,012			(1	)
Performance Ratios:
Efficiency ratio	70.75		%	69.98		%
Impact of excluding amortization and associated funding cost of intangible assets	(2.09		)	(2.66		)
Tangible efficiency ratio	68.66		%	67.32		%
Other Information (End of Period):
Managed (discretionary) assets		$49,944			$52,934		(6	)%
Non-managed assets	55,039			52,190			5
Total assets under administration	104,983			105,124			—
Brokerage assets	44,398			41,257			8
Total assets under advisement		$149,381			$146,381		2

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

23

SunTrust Banks, Inc. and Subsidiaries WHOLESALE BANKING (Dollars in millions) (Unaudited)
	Three Months Ended March 31 1
	2014			2013			% Change
Statements of Income:
Net interest income		$403			$389		4	%
FTE adjustment	34			29			17
Net interest income - FTE	437			418			5
Provision for credit losses 2	23			56			(59	)
Net interest income - FTE - after provision for credit losses	414			362			14
Noninterest income before securities gains/(losses)	322			306			5
Securities gains/(losses), net	—			—			—
Total noninterest income	322			306			5
Noninterest expense before amortization of intangible assets	454			379			20
Amortization of intangible assets	1			1			—
Total noninterest expense	455			380			20
Income - FTE - before provision for income taxes	281			288			(2	)
Provision for income taxes	57			64			(11	)
FTE adjustment	34			29			17
Net income including income attributable to noncontrolling interest	190			195			(3	)
Less: net income attributable to noncontrolling interest	1			4			(75	)
Net income		$189			$191		(1	)
Total revenue - FTE		$759			$724		5
Selected Average Balances:
Total loans		$58,934			$52,494		12	%
Goodwill	2,107			2,414			(13	)
Other intangible assets excluding MSRs	10			12			(17	)
Total assets	70,467			65,407			8
Consumer and commercial deposits	42,094			39,115			8
Performance Ratios:
Efficiency ratio	59.88		%	52.45		%
Impact of excluding amortization and associated funding cost of intangible assets	(1.09		)	(1.21		)
Tangible efficiency ratio	58.79		%	51.24		%
Other Information (End of Period): 3
Managed (discretionary) assets		$45,010			$44,620		1	%
Non-managed assets	—			—			—
Total assets under administration	45,010			44,620			1
Total assets under advisement		$45,010			$44,620		1

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

³ Reflects the assets under administration for Ridgeworth clients.

24

SunTrust Banks, Inc. and Subsidiaries MORTGAGE BANKING (Dollars in millions) (Unaudited)
	Three Months Ended March 31
	2014			2013			% Change 1
Statements of Income:
Net interest income		$134			$127		6	%
FTE adjustment	—			—			—
Net interest income - FTE	134			127			6
Provision for credit losses 2	26			64			(59	)
Net interest income - FTE - after provision for credit losses	108			63			71
Noninterest income before securities gains/(losses)	100			198			(49	)
Securities gains/(losses), net	—			—			—
Total noninterest income	100			198			(49	)
Noninterest expense before amortization of intangible assets	187			269			(30	)
Amortization of intangible assets	—			—			—
Total noninterest expense	187			269			(30	)
Income/(loss) - FTE - before provision/(benefit) for income taxes	21			(8		)	NM
Provision/(benefit) for income taxes	6			(4		)	NM
FTE adjustment	—			—			—
Net income/(loss) including income attributable to noncontrolling interest	15			(4		)	NM
Less: net income attributable to noncontrolling interest	—			—			—
Net income/(loss)		$15			($4	)	NM
Total revenue - FTE		$234			$325		(28	)
Selected Average Balances:
Total loans		$28,287			$27,996		1	%
Goodwill	—			—			—
Other intangible assets excluding MSRs	—			—			—
Total assets	31,550			33,185			(5	)
Consumer and commercial deposits	1,887			3,517			(46	)
Performance Ratios:
Efficiency ratio	79.93		%	82.92		%
Impact of excluding amortization and associated funding cost of intangible assets	—			—
Tangible efficiency ratio	79.93		%	82.92		%
Other Information:
Production Data
Channel mix
Retail		$1,680			$4,735		(65	)%
Wholesale	—			1,180			NM
Correspondent	1,426			2,926			(51	)
Total production		$3,106			$8,841		(65	)
Channel mix - percent
Retail	54		%	54		%
Wholesale	—			13
Correspondent	46			33
Total production	100		%	100		%
Purchase and refinance mix
Refinance		$1,355			$7,111		(81	)
Purchase	1,751			1,730			1
Total production		$3,106			$8,841		(65	)
Purchase and refinance mix - percent
Refinance	44		%	80		%
Purchase	56			20
Total production	100		%	100		%
Applications		$5,029			$12,212		(59	)
Mortgage Servicing Data (End of Period):
Total loans serviced		$135,180			$142,203		(5	)%
Total loans serviced for others	105,746			111,973			(6	)
Net carrying value of MSRs	1,251			1,025			22
Ratio of net carrying value of MSRs to total loans serviced for others	1.183		%	0.915		%

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

²  Provision for credit losses represents net charge-offs by segment combined with an allocation to the segments of the provision attributable to quarterly changes in the allowance for loan and lease losses and unfunded commitment reserve balances.

25

SunTrust Banks, Inc. and Subsidiaries CORPORATE OTHER (Dollars in millions) (Unaudited)
	Three Months Ended March 31
	2014			2013			% Change 1
Statements of Income:
Net interest income		$26			$56		(54	)%
FTE adjustment	1			1			—
Net interest income - FTE	27			57			(53	)
Provision for credit losses	—			—			—
Net interest income - FTE - after provision for credit losses	27			57			(53	)
Noninterest income before securities (losses)/gains	9			—			NM
Securities (losses)/gains, net	(1		)	2			NM
Total noninterest income	8			2			NM
Noninterest expense before amortization of intangible assets	6			—			NM
Amortization of intangible assets	—			—			—
Total noninterest expense	6			—			NM
Income - FTE - before (benefit)/provision for income taxes	29			59			(51	)
(Benefit)/provision for income taxes	(26		)	24			NM
FTE adjustment	1			1			—
Net income including income attributable to noncontrolling interest	54			34			59
Less: net income attributable to noncontrolling interest	5			2			NM
Net income		$49			$32		53
Total revenue - FTE		$35			$59		(41	)
Selected Average Balances:
Total loans		$42			$60		(30	)%
Securities available for sale	22,585			22,315			1
Other intangible assets excluding MSRs	—			—			—
Total assets	28,011			27,840			1
Consumer and commercial deposits	(135		)	11			NM
Other Information:
Duration of investment portfolio (in years)	4.5			3.3
Net interest income interest rate sensitivity:
% Change in net interest income under:
Instantaneous 100 bp increase in rates over next 12 months	2.3		%	2.8		%
Instantaneous 200 bp increase in rates over next 12 months	4.5		%	5.8		%
Instantaneous 25 bp decrease in rates over next 12 months	(0.9		)%	(1.1		)%

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

26

SunTrust Banks, Inc. and Subsidiaries

CONSOLIDATED - SEGMENT TOTALS

(Dollars in millions) (Unaudited)

	Three Months Ended March 31
	2014			2013			% Change 1
Statements of Income:
Net interest income		$1,204			$1,221		(1	)%
FTE adjustment	35			30			17
Net interest income - FTE	1,239			1,251			(1	)
Provision for credit losses	102			212			(52	)
Net interest income - FTE - after provision for credit losses	1,137			1,039			9
Noninterest income before securities (losses)/gains	792			861			(8	)
Securities (losses)/gains, net	(1		)	2			NM
Total noninterest income	791			863			(8	)
Noninterest expense before amortization of intangible assets 2	1,354			1,347			1
Amortization of intangible assets	3			6			(50	)
Total noninterest expense	1,357			1,353			—
Income - FTE - before provision for income taxes	571			549			4
Provision for income taxes 2	125			161			(22	)
FTE adjustment	35			30			17
Net income including income attributable to noncontrolling interest	411			358			15
Less: net income attributable to noncontrolling interest	6			6			—
Net income		$405			$352		15
Total revenue - FTE		$2,030			$2,114		(4	)
Selected Average Balances:
Total loans		$128,525			$120,882		6	%
Goodwill	6,369			6,369			—
Other intangible assets excluding MSRs	32			53			(40	)
Total assets	176,971			171,808			3
Consumer and commercial deposits	128,396			127,655			1
Performance Ratios:
Efficiency ratio	66.83		%	63.97		%
Impact of excluding amortization and associated funding cost of intangible assets	(0.18		)	(0.29		)
Tangible efficiency ratio	66.65		%	63.68		%
Other Information (End of Period):
Managed (discretionary) assets		$94,954			$97,554		(3	)%
Non-managed assets	55,039			52,190			5
Total assets under administration	149,993			149,744			—
Brokerage assets	44,398			41,257			8
Total assets under advisement		$194,391			$191,001		2

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

² Amortization expense related to affordable housing investment costs is recognized in provision for income taxes for each of the periods presented. Prior to the first quarter of 2014, these amounts were recognized in other noninterest expense.

27

EX-99.2

1Q 2014 Earnings Release April 21, 2014

2 Important Cautionary Statement The following should be read in conjunction with the financial statements, notes and other information contained in the Company’s 2013 Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. This presentation includes non-GAAP financial measures to describe SunTrust’s performance. The reconciliations of those measures to GAAP measures are provided within or in the appendix of this presentation. In this presentation, the Company presents net interest income and net interest margin on a fully taxable-equivalent (“FTE”) basis, and ratios on an annualized basis. The FTE basis adjusts for the tax-favored status of income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and provides relevant comparison between taxable and non-taxable amounts. This presentation contains forward-looking statements. Statements regarding future efficiency improvement, forecasts, and future levels of swap income, are forward looking statements. Also, any statement that does not describe historical or current facts is a forward-looking statement. These statements often include the words “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “targets,” “initiatives,” “potentially,” “probably,” “projects,” “outlook” or similar expressions or future conditional verbs such as “may,” “will,” “should,” “would,” and “could"; such statements are based upon the current beliefs and expectations of management and on information currently available to management. Such statements speak as of the date hereof, and we do not assume any obligation to update the statements made herein or to update the reasons why actual results could differ from those contained in such statements in light of new information or future events. Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward- looking statements. Factors that could cause actual results to differ materially from those described in the forward-looking statements can be found in Part I, “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2013 and in other periodic reports that we file with the SEC. Those factors include: as one of the largest lenders in the Southeast and Mid-Atlantic U.S. and a provider of financial products and services to consumers and businesses across the U.S., our financial results have been, and may continue to be, materially affected by general economic conditions, 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; our framework for managing risks may not be effective in mitigating risk and loss to us; we are subject to credit risk; our ALLL may not be adequate to cover our eventual losses; we may have more credit risk and higher credit losses to the extent that our loans are concentrated by loan type, industry segment, borrower type, or location of the borrower or collateral; we will realize future losses if the proceeds we receive upon liquidation of NPAs 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; 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 certain breaches of our servicing agreements, and this could harm our liquidity, results of operations, and financial condition; we face certain risks as a servicer of loans, and 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; financial difficulties or credit downgrades of mortgage and bond insurers may adversely affect our servicing and investment portfolios; we are subject to risks related to delays in the foreclosure process; we face risks related to recent mortgage settlements; 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; 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; the fiscal and monetary policies of the federal government and its agencies could have a material adverse effect on our earnings; clients could pursue alternatives to bank deposits, causing us to lose a relatively inexpensive source of funding; consumers may decide not to use banks to complete their financial transactions, which could affect net income; we have businesses other than banking which subject us to a variety of risks; 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; competition in the financial services industry is intense and could result in losing business or margin declines; maintaining or increasing market share depends on market acceptance and regulatory approval of new products and services; we might not pay dividends on our common stock; our ability to receive dividends from our subsidiaries could affect our liquidity and ability to pay dividends; 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 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 require management to make estimates about matters that are uncertain; changes in our accounting policies or in accounting standards could materially affect how we report our financial results and condition; our stock price can be volatile; our disclosure controls and procedures may not prevent or detect all errors or acts of fraud; our financial instruments carried at fair value expose us to certain market risks; our revenues derived from our investment securities may be volatile and subject to a variety of risks; and we may enter into transactions with off-balance sheet affiliates or our subsidiaries.

3 1Q 14 Summary Earnings • Net income available to common shareholders of $393 million • Earnings per share of $0.73 up 16% from prior year Revenue • Net interest income slightly lower relative to prior quarter • Noninterest income down from prior quarter, primarily due to seasonality; solid year over year trends, excluding mortgage production Expenses • Adjusted expenses1 declined relative to prior quarter and year, due to expense management efforts and reductions in cyclical costs2 Balance Sheet • Average performing loans increased 2% sequentially, driven by growth in the commercial and consumer loan portfolios • Average client deposits increased 1% sequentially with continued favorable mix shift Credit and Capital • Nonperforming loans declined 5% from prior quarter and 37% from prior year • Net charge-off ratio declined 5 bps sequentially to 0.35% • Tier 1 common ratio estimated to be 9.9% on Basel I basis and 9.7% on Basel III basis3 1. Please refer to page 25 in the appendix for noninterest expense adjustment details 2. Please refer to page 18 in the appendix for details on cyclical costs 3. Please refer to page 27 in the appendix for a Basel I to Basel III reconciliation

4 Net Income Available To Common & Diluted EPS Solid Earnings Growth from Prior Year ($ in millions, except per share data) 1. 3Q 13 reported EPS was $0.33 and reported net income available to common was $179 million. Please refer to page 29 in the appendix for reconciliation to adjusted figures Prior Quarter Variance • EPS declined by $0.04 → Primarily driven by lower net interest income, due to two fewer days in the quarter, and lower noninterest income, due to seasonality Prior Year Variance • EPS increased by $0.10, or 16% → Reductions in provision expense, cyclical costs and the effective tax rate were partially offset by a decline in mortgage production related income 3Q 131 $340 $365 $358 $413 $393 ($179) $0.63 $0.68 $0.66 $0.77 $0.73 1Q 13 2Q 13 4Q 13 1Q 14 3Q 13 significant items Net I c me Available to Common (excl 3Q 13 significant items) EPS (ex l 3Q 13 significant items)

5 Net Interest Income - FTE Net Interest Income Slightly Lower from Prior Quarter ($ in millions) Prior Quarter Variance • Net interest income down $8 million, primarily due to two fewer days in the quarter • Net interest margin modestly lower, primarily due to lower loan yields Prior Year Variance • Net interest income down $12 million → Interest income declined $18 million, primarily attributable to lower loan yields and reduced income from commercial loan swaps, partially offset by an increase in securities yields and higher average loans → Interest expense lower by $6 million, driven by a more favorable deposit mix and lower deposit costs • Net interest margin declined 14 bps due to lower loan yields, partially offset by lower deposit costs $1,251 $1,242 $1,240 $1,247 $1,239 3.33% 3.25% 3.19% 3.20% 3.19% 1Q 13 2Q 13 3Q 13 4Q 13 1Q 14 Net Interest Income Net Interest Margin

6 Noninterest Income Adjusted Noninterest Income1 Down from Prior Quarter ($ in millions) Prior Quarter Variance • Adjusted noninterest income1 declined $18 million → Service charges down $10 million, primarily due to fewer business days in the quarter → Investment banking down $8 million due to transaction seasonality Prior Year Variance • Adjusted noninterest income1 declined $86 million → A reduction in mortgage production income was partially offset by increases in investment banking, wealth management and mortgage servicing $814 $791 $858 $863 $680 1. Noninterest income on a GAAP basis was $863 million, $858 million, $680 million, $814 million and $791 million for 1Q 13, 2Q 13, 3Q 13, 4Q 13 and 1Q 14, respectively. Please refer to page 24 in the appendix for noninterest income adjustment details Note: Totals may not foot due to rounding 3Q 13 $875 $855 $743 $807 $789 ($11) $3 ($63) $7 $2 1Q 13 2Q 13 4Q 13 1Q 14 Adjust d Noninterest Income¹ Adjustment Items¹

7 Noninterest Expense1 Expenses Stable to Prior Quarter ($ in millions) $1,730 1. In accordance with recently issued GAAP, amortization of affordable housing investments of $10 million, $10 million, $12 million and $16 million were reclassified and are now presented in provision for income taxes for the three months ended March 31, 2013, June 30, 2013, September 30, 2013 and December 31, 2013, respectively. Previously, the amortization was presented in other noninterest expense 2. Noninterest expense on a GAAP basis was $1,730 million and $1,357 million for 3Q 13 and 1Q 14, respectively. Please refer to page 25 in the appendix for noninterest expense adjustment details 3. Please refer to page 18 of the appendix for details on cyclical costs Note: Totals may not foot due to rounding Prior Quarter Variance • Noninterest expense stable → Employee compensation increased $77 million, primarily due to seasonality → Cyclical costs3 down $39 million → Declines across all other categories → Includes a $36 million impairment of legacy affordable housing assets Prior Year Variance • Adjusted noninterest expense1,2 declined $32 million → Primarily driven by lower cyclical costs3 $1,357 1,2 1,2 $1,353 $1,387 $1,311 $1,361 $1,321 $419 $36 1Q 13 2Q 13 3Q 13 4Q 13 1Q 14 Adjusted No interest Expense Adjustment Items

8 Tangible Efficiency Ratio – Adjusted Basis1,2 FY 2014 Target is < 64% 1. In accordance with recently issued GAAP, amortization of affordable housing investments of $10 million, $10 million, $12 million and $16 million were reclassified and are now presented in provision for income taxes for the three months ended March 31, 2013, June 30, 2013, September 30, 2013 and December 31, 2013, respectively. Previously, the amortization was presented in other noninterest expense 2. Calculated on a tangible basis and excluding certain items that are material and/or potentially nonrecurring. The GAAP efficiency ratios, inclusive of the adoption of the recently issued GAAP noted above, for 1Q 13, 2Q 13, 3Q 13, 4Q 13 and 1Q 14 were 64.0%, 66.1%, 90.1%, 66.0% and 66.8%, respectively. Please refer to page 26 in the appendix for the GAAP reconciliations 63.4% 65.9% 65.8% 66.0% 64.9% 1Q 13 2Q 13 3Q 13 4Q 13 1Q 14

9 Credit Quality Asset Quality Improvements Continued ($ in millions) 1. 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 Net Charge-offs Provision for Credit Losses Allowance for Loan and Lease Losses Nonperforming Loans1 $212 $146 $95 $101 $102 1Q 13 2Q 13 3Q 13 4Q 13 1Q 14 $226 $179 $146 $128 $110 0.76% 0.59% 0.47% 0.40% 0.35% 1Q 13 2Q 13 3Q 13 4Q 13 1Q 14 Net Charge-offs NCOs to Average Loans (annualized) $2,152 $2,125 $2,071 $2,044 $2,040 1.79% 1.75% 1.67% 1.60% 1.58% 1Q 13 2Q 13 3Q 13 4Q 13 1Q 14 ALLL ($) ALLL Ratio $1,467 $1,141 $1,037 $971 $925 1.21% 0.94% 0.83% 0.76% 0.72% 1Q 13 2Q 13 3Q 13 4Q 13 1Q 14 Nonperforming Loans Nonperforming Loan Ratio

10 $58.5 $59.4 $60.0 $62.1 $64.8 $41.4 $41.2 $41.9 $42.5 $42.3 $19.4 $19.5 $19.7 $20.1 $20.5 1Q 13 2Q 13 3Q 13 4Q 13 1Q 14 Commercial Residential Consumer Loans Average Performing Loans Increased 2% Sequentially ($ in billions) $124.7 $119.4 $120.0 $121.6 Note: Totals may not foot due to rounding Prior Quarter Variance • Performing loans up $2.9 billion, or 2%, driven by broad-based growth → C&I up 4% → CRE up 11% → Consumer up 2% Prior Year Variance • Performing loans grew $8.2 billion, or 7%, driven by broad-based growth → C&I up 8% → CRE up 37% → Consumer up 6% $127.6

11 Deposits Average Client Deposits Increased 1% Sequentially with Continued Favorable Mix Shift ($ in billions) 1. Lower cost deposits include DDA, NOW, Money Market and Savings Note: Totals may not foot due to rounding $128.4 $127.7 $126.6 $127.5 $126.6 Prior Quarter Variance • Client deposits increased 1% → Lower-cost deposits1 increased $1.3 billion, or 1% → Higher-cost time deposits declined $0.4 billion, or 3% Prior Year Variance • Client deposits increased 1% → Lower-cost deposits1 up $2.6 billion, or 2% → Higher-cost time deposits declined $1.8 billion, or 12% $38.1 $38.7 $38.6 $39.1 $39.0 $26.4 $26.0 $25.4 $26.5 $27.7 $43.0 $41.8 $43.0 $42.8 $42.8 $5.5 $5.8 $5.8 $5.8 $6.0 $14.7 $14.2 $13.7 $13.3 $12.9 1Q 13 2Q 13 3Q 13 4Q 13 1Q 14 DDA NOW Money Market Savings Time

12 Capital Position Capital Ratios Up Slightly; Estimated Basel III Common Equity Tier 1 Ratio of 9.7%¹ ($ in billions, except per share data) Tangible Common Equity Ratio2 Tangible Book Value Per Share3 1 1. 1Q 14 estimated. Please refer to page 27 of the appendix for additional details on the calculation 2. The total shareholders’ equity to total assets ratio was 12.29%, 12.25%, 12.27%, 12.22% and 12.15% for periods ending 1Q 13, 2Q 13, 3Q 13, 4Q 13 and 1Q 14, respectively. Please refer to page 28 in the appendix for a reconcilement of tangible common equity to shareholders’ equity and tangible assets to total assets 3. Book value per share was $37.89, $37.65, $37.85, $38.61 and $39.44 for the periods ending 1Q 13, 2Q 13, 3Q 13, 4Q 13 and 1Q 14, respectively. See Appendix A within the earnings release for a reconcilement to book value per share 8.57% 8.51% 8.54% 8.57% 8.59% 1Q 13 2Q 13 3Q 13 4Q 13 1Q 14 $13.9 $14.2 $14.3 $14.6 $14.9 10.1% 10.2% 9.9% 9.8% 9.9% 1Q 13 2Q 13 3Q 13 4Q 13 1Q 14 Basel I Tier 1 Common $ Basel I Tier 1 Common % $26.33 $26.08 $26.27 $27.01 $27.82 1Q 13 2Q 13 Q 13 Q 13 1Q 14

13 Consumer Banking and PWM Highlights Net Income Up 14% from Prior Year ($ in millions) 1. Reported efficiency ratios were 70.0%, 69.3% and 70.8% for 1Q 13, 4Q 13 and 1Q 14, respectively. The impacts from excluding the amortization and associated funding cost of intangible assets were (2.7%), (2.2%) and (2.1%) for 1Q 13, 4Q 13 and 1Q 14, respectively Note: Totals may not foot due to rounding Prior Quarter Variance • Noninterest income lower, primarily due to the seasonal effects on service charges • Provision for credit losses declined, primarily due to improved home equity performance (also applicable to prior year variance) • Net interest income lower, given the impact of the continued low rate environment (also applicable to prior year variance) Prior Year Variance • Net income up 14% • Noninterest income up modestly, as a 17% increase in retail investment income was partially offset by a decline in service charges 1Q 13 4Q 13 1Q 14 % Chg Prior Qtr % Chg Prior Yr Net Interest Income (FTE) $649 $658 $641 -3% -1% Noninterest Income 357 373 361 -3% 1% Total Revenue (FTE) 1,006 1,031 1,002 -3% 0% Provision for Credit Losses 92 60 53 -12% -42% Noninterest Expense 704 714 709 -1% 1% Net Income $133 $162 $152 -6% 14% Key Statistics ($ in billions) Tangible Efficiency Ratio1 67.3% 67.1% 68.7% Total Loans (average) $40.3 $40.9 $41.3 1% 2% Consumer and Co mercial Deposits (average) $85.0 $84.3 $84.5 0% -1%

14 Wholesale Banking Highlights Solid Momentum Continues ($ in millions) 1. Reported efficiency ratios were 52.5%, 50.2% and 59.9% for 1Q 13, 4Q 13 and 1Q 14, respectively. The impacts from excluding the amortization and associated funding cost of intangible assets were (1.2%), (0.9%) and (1.1%) for 1Q 13, 4Q 13 and 1Q 14, respectively 2. Inclusive of the $36 million affordable housing impairment, pre-tax income declined 2% Prior Quarter Variance • Strong loan growth across CIB, CRE, and Commercial Banking • Noninterest income down 9% due to the seasonal effects on investment banking income along with gains realized on certain asset sales in 4Q 13 • Noninterest expense higher due to seasonal increase in personnel expense and affordable housing impairment of $36 million Prior Year Variance • Pre-tax income growth of 10%, excluding the aforementioned impairment2 • Solid revenue growth given momentum in loans, deposits and investment banking income; partially offset by loan yield compression • Provision for credit losses down 59% due to asset quality improvement • Noninterest expense increased primarily due to a 1Q 13 incentive accrual reversal and the aforementioned impairment 1Q 13 4Q 13 1Q 14 % Chg Prior Qtr % Chg Prior Yr Net Interest Income (FTE) $418 $441 $437 -1% 4% Noninterest Income 306 355 322 -9% 5% Total Revenue (FTE) 724 796 759 -5% 5% Provision for Credit Losses 56 4 23 NM -59% Noninterest Expense 380 400 455 14% 20% Net Income $191 $264 $189 -28% -1% Key Statistics ($ in billions) Tangible Efficiency Ratio1 51.2% 49.3% 58.8% Total Loans (average) $52.5 $56.3 $58.9 5% 12% Consumer and Co ercial Deposits (average) $39.1 $41.0 $42.1 3% 8%

15 Mortgage Banking Highlights Execution on Expense Initiatives Drives Profitability ($ in millions) Note: Totals may not foot due to rounding Prior Quarter Variance • Noninterest income up 35% due to higher servicing and production income • Provision declined due to continued asset quality improvements (also applicable to prior year variance) • Noninterest expense significantly lower due to execution of cost saving efforts and lower cyclical costs (also applicable to prior year variance) Prior Year Variance • Expense management and lower provision more than offset the decline in production income 1Q 13 4Q 13 1Q 14 % Chg Prior Qtr % Chg Prior Yr Net Interest Income (FTE) $127 $130 $134 3% 6% Noninterest Income 198 74 100 35% -49% Total Revenue (FTE) 325 204 234 15% -28% Provision for Credit Losses 64 37 26 -30% -59% Noninterest Expense 269 256 187 -27% -30% Net Income / (Loss) ($4) ($65) $15 NM NM Key Statistics ($ in billions) Efficiency Ratio 82.9% 125.7% 79.9% Total Loans (averag ) $28.0 $28.4 $28.3 0% 1% Consumer and Commercial Deposits (average) $3.5 $2.3 $1.9 -19% -46% Production Volume $8.8 $3.9 $3.1 -21% -65%

Appendix

17 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. Includes both the fair value mark-to-market of the Mortgage Servicing Rights asset from changes in market rates and other assumption updates, exclusive of the decay, and the impact of using derivatives to hedge the risk of changes in the fair value of the MSR Note: Totals may not foot due to rounding 1Q 13 2Q 13 3Q 13 4Q 13 1Q 14 Servicing Fees 1 $77 $77 $85 $81 $80 (73) (78) (66) (43) (35) Net MSR Fair Value and Hedge Activity3 34 2 (8) 0 9 Mortgage Servicing Income $38 $1 $11 $38 $54 Memo: Total Loans Serviced for Others (end of period) $111,973 $109,307 $109,224 $106,832 $105,746 Annualized Servicing Fees / Total Loans Serviced for Others (bps) 28 28 31 30 31 Changes in MSR Value from Collection / Realization of Cash Flow (Decay) 2

18 $39 $72 $27 $42 $21 $1 $4 $20 $38 $30 $27 $15 $12 $14 $13 $13 $6 1Q 13 2Q 13 3Q 13 Adjusted 4Q 13 1Q 14 Operating Losses Other Real Estate (Other Exp.) Collection Services (Other Exp.) Credit Services (Other Exp.) Additional Noninterest Expense Disclosure ($ in millions) 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 $323 million of operating losses associated with specific legacy mortgage and other related 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 $81 $71 $125 $75 $42 Cyclical Costs Consist of: 1 Credit-Related Expenses and Operating Losses (Cyclical Costs)

19 $102 $102 $95 $81 1Q 14 2Q 14 3Q 14 4Q 14 2015 Qrtrly Average Commercial Loan Swap Interest Income ($ in millions) Key Points • Swap income is expected to remain stable in 2Q 14, then decline over the remainder of 2014 and 2015 • SunTrust receives a fixed rate and pays a floating rate (LIBOR) on the notional value of these swaps • As these swaps mature, asset sensitivity increases → As of March 31, 2014, an instantaneous 100 bps increase in rates would result in a 2.3% increase in net interest income over the next twelve months → For every $1 billion of commercial loan swaps that matures, asset sensitivity increases by ~0.2% Actual Forecast1 1. Forecast swap income assumes LIBOR unchanged relative to 03/31/14 levels ~$35

20 Memo: 30-89 Accruing Delinquencies 1Q 13 2Q 13 3Q 13 4Q 13 1Q 14 1Q 14 Loan Balance Commercial & industrial 0.17% 0.14% 0.08% 0.08% 0.09% $58,828 Commercial real estate 0.18% 0.34% 0.10% 0.09% 0.11% 5,961 Commercial construction 0.03% 0.01% 0.01% 0.14% 0.25% 920 Total Commercial Loans 0.17% 0.16% 0.08% 0.08% 0.10% $65,709 Residential mortgages – guaranteed - - - - - $3,295 Residential mortgages – nonguaranteed 0.76% 0.70% 0.65% 0.61% 0.50% 24,331 Home equity products 0.79% 0.78% 0.82% 0.80% 0.73% 14,637 Residential construction 1.04% 1.07% 0.72% 0.67% 1.71% 532 Total Residential Loans¹ 0.78% 0.74% 0.71% 0.69% 0.60% $42,795 Guaranteed student loans - - - - - $5,533 Other direct 0.52% 0.64% 0.56% 0.64% 0.49% 3,109 Indirect 0.38% 0.44% 0.49% 0.66% 0.57% 11,339 Credit cards 1.03% 0.89% 0.91% 0.93% 0.82% 711 Total Consumer Loans² 0.44% 0.50% 0.52% 0.67% 0.56% $20,692 Total SunTrust - excluding government-guaranteed delinquencies³ 0.41% 0.40% 0.35% 0.36% 0.32% $120,368 Impact of excluding government-guaranteed 0.37% 0.31% 0.30% 0.38% 0.35% 8,828 Total SunTrust - including government-guaranteed delinquencies4 0.78% 0.71% 0.65% 0.74% 0.67% $129,196 30 – 89 Day Delinquencies by Loan Class ($ in millions) 1. Excludes delinquencies on all federally guaranteed mortgages 2. Excludes delinquencies on federally guaranteed student loans 3. Excludes delinquencies on federally guaranteed mortgages and student loans from the calculation 4. Excludes mortgage loans guaranteed by GNMA that SunTrust has the option, but not the obligation, to repurchase Note: Totals may not foot due to rounding Excludes Government-Guaranteed Loans

21 Nonperforming Loans by Loan Class Down 5% Sequentially and 37% from Prior Year ($ in millions) 1. In 2Q 13, $220 million of residential mortgage and home equity 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: Nonperforming Loans 1Q 13 2Q 13 3Q 13 4Q 13 1Q 14 1Q 14 Loan Balance Commercial & industrial $205 $227 $216 $196 $177 $58,828 Commercial real estate 59 54 42 39 41 5,961 Commercial construction 25 23 17 12 11 920 Total Commercial Loans $289 $304 $275 $247 $229 $65,709 Residential mortgages – guaranteed - - - - - $3,295 Residential mortgages – nonguaranteed1 $721 $516 $464 $441 $426 24,331 Home equity products1 334 225 209 210 207 14,637 Residential construction 102 84 79 61 51 532 Total Residential Loans $1,157 $825 $752 $712 $684 $42,795 Guaranteed student loans - - - - - $5,533 O her direct $6 $4 $4 $5 $6 3,109 Indirect 15 8 6 7 6 11,339 Credit cards - - - - - 711 Total Consumer Loans $21 $12 $10 $12 $12 $20,692 Total SunTrust $1,467 $1,141 $1,037 $971 $925 $129,196

22 Net Charge-off Ratios by Loan Class Note: Totals may not foot due to rounding Down 5bps Sequentially and 31bps from Prior Year ($ in millions) Memo: Net Charge-offs % Average Loans (annualized) 1Q 13 2Q 13 3Q 13 4Q 13 1Q 14 1Q 14 Loan Balance Commercial & industrial 0.33% 0.30% 0.27% 0.16% 0.11% $58,828 Commercial real estate 0.24% 0.24% 0.04% 0.43% -0.03% 5,961 Commercial construction -0.13% -0.34% 0.71% -1.40% 1.32% 920 Total Commercial Loans 0.32% 0.29% 0.26% 0.16% 0.12% $65,709 Residential mortgages – guaranteed - - - - - $3,295 Residential mortgages – nonguaranteed 1.25% 0.94% 0.66% 0.54% 0.39% 24,331 Home equity products 1.79% 1.55% 1.15% 1.06% 1.10% 14,637 Residential construction 10.90% 4.80% 3.28% 5.94% 3.65% 532 Total Residential Loans 1.48% 1.13% 0.82% 0.75% 0.64% $42,795 Guaranteed student loans - - - - - $5,533 Other direct 1.19% 1.11% 0.91% 0.84% 1.05% 3,109 Indirect 0.46% 0.17% 0.31% 0.37% 0.40% 11,339 Credit cards 3.40% 3.13% 2.81% 2.86% 2.65% 711 Total Consumer Loans 0.52% 0.34% 0.39% 0.42% 0.47% $20,692 Total SunTrust 0.76% 0.59% 0.47% 0.40% 0.35% $129,196

23 Net Charge-offs by Loan Class Note: Totals may not foot due to rounding Down 14% Sequentially and 51% from Prior Year ($ in millions) Memo: Net Charge-offs ($) 1Q 13 2Q 13 3Q 13 4Q 13 1Q 14 1Q 14 Loan Balance Commercial & industrial $44 $42 $38 $22 $16 $58,828 Commercial real estate 2 3 - 6 (1) 5,961 Commercial construction (0) (1) 1 (3) 4 920 Total Commercial Loans $45 $44 $39 $25 $19 $65,709 Residential mortgages – guaranteed - - - - - $3,295 Residential mortgages – nonguaranteed $71 $54 $39 $33 $23 24,331 Home equity products 65 57 44 40 40 14,637 Residential construction 20 8 5 9 5 532 Total Residential Loans $156 $119 $88 $82 $68 $42,795 Guaranteed student loans - - - - - $5,533 O her direct $7 $6 $6 $6 $8 3,109 Indirect 13 5 9 10 11 11,339 Credit cards 5 5 4 5 4 711 Total Consumer Loans $25 $16 $19 $21 $23 $20,692 Total SunTrust $226 $179 $146 $128 $110 $129,196

24 Reconciliation of Noninterest Income ($ in millions) 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 are more comparable across periods and potentially more comparable across institutions Note: Totals may not foot due to rounding 1Q 13 2Q 13 3Q 13 4Q 13 1Q 14 Total Noninterest Income $863 $858 $680 $814 $791 Adjustment Items: Securities Gains 2 0 (0) 1 (1) Fair Value Items (Trading Income) (10) 10 (4) 10 (2) Fair Value Items (Mortgage Production) (3) (7) 4 (4) 5 GSE Mortgage Repurchase Settlements (Mortgage Production Related Income) - - (63) - - Total Adjustments (11) 3 (63) 7 2 Adjusted Noninterest Income 1 $875 $855 $743 $807 $789 Memo: Reported Trading Income $42 $49 $33 $57 $49 - Fair Value Items (10) 10 (4) 10 (2) Adjusted Trading Income $52 $39 $37 $47 $51

25 Reconciliation of Noninterest Expense ($ in millions) 1. In accordance with recently issued GAAP, amortization of affordable housing investments of $10 million, $10 million, $12 million and $16 million were reclassified and are now presented in provision for income taxes for the three months ended March 31, 2013, June 30, 2013, September 30, 2013 and December 31, 2013, respectively. Previously, the amortization was presented in other noninterest expense 2. Adjusted revenue and expenses are provided as they remove certain items that are material and/or potentially non-recurring. Adjusted figures are intended to provide management and investors information on trends that are more comparable across periods and potentially more comparable across institutions Note: Totals may not foot due to rounding 1Q 13 2Q 13 3Q 13 4Q 13 1Q 14 Total Noninterest Expense 1 $1,353 $1,387 $1,730 $1,361 $1,357 Adjustment Items: Affordable Housing Impairment (Other Noninterest Expense) - - - - 36 Settlement of Certain Legal Matters (Operating Losses) - - 323 - - Mortgage Servicing Advances Allowance Increase (Other Noninterest Expense) - - 96 - - Total Adjustments - - 419 - 36 Adjusted Noninterest Expense 2 $1,353 $1,387 $1,311 $1,361 $1,321

26 Reconciliation of Efficiency Ratio ($ in millions) 1. In accordance with recently issued GAAP, amortization of affordable housing investments of $10 million, $10 million, $12 million and $16 million were reclassified and are now presented in provision for income taxes for the three months ended March 31, 2013, June 30, 2013, September 30, 2013 and December 31, 2013, respectively. Previously, the amortization was presented in other noninterest expense 2. Adjusted revenue and expenses are provided as they remove certain items that are material and/or potentially non-recurring. Adjusted figures are intended to provide management and investors information on trends that are more comparable across periods and potentially more comparable across institutions Note: Totals may not foot due to rounding 1Q 13 2Q 13 3Q 13 4Q 13 1Q 14 Reported (GAAP) Basis Total Revenue - FTE $2,114 $2,100 $1,920 $2,061 $2,030 Total Noninterest Expense1 1,353 1,387 1,730 1,361 1,357 Amortization of Intangibles / Impairment of Goodwill 6 6 6 5 3 Efficiency Ratio 64.0% 66.1% 90.1% 66.0% 66.8% Tangible Efficiency Ratio 63.7% 65.8% 89.8% 65.8% 66.7% Adjusted Basis Reported Revenue $2,114 $2,100 $1,920 $2,061 $2,030 Adjustment Items: Securities Gains / (Losses) 2 0 (0) 1 (1) Fair Value Items (Trading) (10) 10 (4) 10 (2) Fair Value Items (Mortgage) (3) (7) 4 (4) 5 GSE Mortgage Repurchase Settlements - - (63) - - Adjusted Revenue2 $2,125 $2,097 $1,984 $2,054 $2,029 Reported Noninterest Expense1 $1,353 $1,387 $1,730 $1,361 $1,357 Adjustment Items: Affordable Housing Impairment - - - - 36 Settlement of Certain Legal Matters - - 323 - - Mortgage Servicing Advances Allowance Increase - - 96 - - Adjusted Expense1,2 $1,353 $1,387 $1,311 $1,361 $1,321 Efficiency Ratio - Adjusted Basis 63.7% 66.1% 66.1% 66.3% 65.1% Tangible Efficiency Ratio - Adjusted Basis 63.4% 65.9% 65.8% 66.0% 64.9%

27 Reconciliation of Common Equity Tier 1 Ratio1 ($ in billions) 1Q 14 Basel I Tier 1 Common Equity $14.9 Adjustments from Basel I to Basel III 2 0.0 Basel III Common Equity Tier 13 $14.9 Risk-weighted Assets - Basel I $150.4 Adjustments from Basel I to Basel III 4 3.0 Risk-weighted Assets - Basel III 3 $153.4 Tier 1 Common Ratio (Basel I) 9.9% Common Equity Tier 1 Ratio (Basel III)3 9.7% 1. The Tier 1 common ratio is a financial measure that is used by regulators, bank management, and investors to assess the capital position of financial services companies. The common equity Tier 1 ratio as calculated for Basel III is considered non-GAAP, and as such we have presented a reconciliation to the Tier 1 common 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 common equity Tier 1, risk-weighted assets, and the common equity Tier 1 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

28 Reconciliation of Non-GAAP Measures ($ in billions, except per share data) Mar 31 Jun 30 Sep 30 Dec 31 Mar 31 2013 2013 2013 2013 2014 Total shareholders' equity $21.2 $21.0 $21.1 $21.4 $21.8 Goodwill, net of deferred taxes (6.2) (6.2) (6.2) (6.2) (6.2) Other intangible assets including MSRs, net of deferred taxes (1.1) (1.2) (1.3) (1.3) (1.3) MSRs 1.0 1.2 1.2 1.3 1.3 Tangible equity 14.9 14.8 14.8 15.2 15.6 Preferred stock (0.7) (0.7) (0.7) (0.7) (0.7) Tangible common equity $14.2 $14.0 $14.1 $14.5 $14.9 Total assets $172.4 $171.5 $171.8 $175.3 $179.5 Goodwill (6.4) (6.4) (6.4) (6.4) (6.4) Other intangible assets including MSRs (1.1) (1.2) (1.3) (1.3) (1.3) MSRs 1.0 1.2 1.2 1.3 1.3 Tangible assets $166.0 $165.1 $165.4 $168.9 $173.1 Tangible equity to tangible assets 9.00% 8.95% 8.98% 9.00% 9.01% Tangible common equity to tangible assets 8.57% 8.51% 8.54% 8.57% 8.59% Tangible book value per common share $26.33 $26.08 $26.27 $27.01 $27.82 Note: Totals may not foot due to rounding

29 Income Statement ($ in millions) 3Q 13 Reported Earnings Impact from Significant 3Q 13 Items 3Q 13 Adjusted 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 / (loss) 10 10 Net securities gains - - Total noninterest income 680 (63) 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 Net loss on extnguishment of debt - - Operating losses 350 323 27 FDIC premium/regulatory exams 45 45 Other noninterest expense 292 96 196 Total noninterest expense 1,730 419 1,311 INCOME BEFORE PROVISION FOR INCOME TAXES 63 (482) 545 Provision for income taxes (133) (303) 170 INCOME INCLUDING INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST 196 (179) 375 Net income attributable to noncontrolling interest 7 7 NET INCOME 189 (179) 368 NET INCOME AVAILABLE TO COMMON SHAREHOLDERS 179 (179) 358 EPS - DILUTED $0.33 ($0.33) $0.66 Reconciliation of 3Q 13 Income Statement ($ in millions, except per share data) 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. In accordance with recently issued GAAP, amortization of affordable housing investments of $12 million was reclassified and is now presented in provision for income taxes for 3Q 13. Previously, the amortization was presented in other noninterest expense. 5. Reflects the provision for income taxes impact related to 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 1 2 3 5 Reported and Excluding Impact of October 10, 2013 8-K Items 4 4