Exhibit 12.1

SunTrust Banks, Inc. Ratio of Earnings to Fixed Charges and Preferred Stock Dividends
	For the Year Ended December 31
(Dollars in millions)	2015		2014		2013		2012		2011
Ratio 1 - Including interest on deposits
Earnings:
Income before income taxes 1		$2,697		$2,267		$1,666		$2,770		$766
Fixed charges	588		633		626		849		1,189
Total earnings		$3,285		$2,900		$2,292		$3,619		$1,955
Fixed charges:
Interest on deposits		$219		$235		$291		$429		$624
Interest on funds purchased and securities sold under agreements to repurchase	5		4		4		4		5
Interest on other short-term borrowings	3		14		13		18		12
Interest on trading liabilities	22		21		17		15		26
Interest on long-term debt	252		270		210		299		449
Portion of rents representative of the interest factor of rental expense	87		89		91		84		73
Total fixed charges	588		633		626		849		1,189
Preferred stock dividend requirements	90		53		46		17		174
Fixed charges and preferred stock dividends		$678		$686		$672		$866		$1,363
Ratio of earnings to fixed charges	5.59x		4.58x		3.66x		4.26x		1.64x
Ratio of earnings to fixed charges and preferred stock dividends	4.85x		4.23x		3.41x		4.18x		1.43x
Ratio 2 - Excluding interest on deposits
Earnings:
Income before income taxes 1		$2,697		$2,267		$1,666		$2,770		$766
Fixed charges	369		398		335		420		565
Total earnings		$3,066		$2,665		$2,001		$3,190		$1,331
Fixed charges:
Interest on funds purchased and securities sold under agreements to repurchase		$5		$4		$4		$4		$5
Interest on other short-term borrowings	3		14		13		18		12
Interest on trading liabilities	22		21		17		15		26
Interest on long-term debt	252		270		210		299		449
Portion of rents representative of the interest factor of rental expense	87		89		91		84		73
Total fixed charges	369		398		335		420		565
Preferred stock dividend requirements	90		53		46		17		174
Fixed charges and preferred stock dividends		$459		$451		$381		$437		$739
Ratio of earnings to fixed charges	8.31x		6.70x		5.97x		7.60x		2.36x
Ratio of earnings to fixed charges and preferred stock dividends	6.68x		5.91x		5.25x		7.30x		1.80x

¹ Amortization expense related to qualified affordable housing investment costs is recognized in provision for income taxes as a result of the adoption of a new accounting standard during 2014. Prior to 2014, these amounts were recognized in noninterest expense, and therefore, for comparative purposes $49 million, $39 million, and $40 million of amortization expense was reclassified to provision for income taxes for the years ended December 31, 2013, 2012, and 2011, respectively.