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, 2017

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 (800) 786-8787

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

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company    ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

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, 2017, SunTrust Banks, Inc. (the “Registrant”) announced financial results for the period ended March 31, 2017. 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, 2017, 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, 2017 (furnished with the Commission as a part of this Form 8-K).

99.2    Presentation slides dated April 21, 2017 (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, 2017	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, 2017

SunTrust Reports First Quarter 2017 Results

Consistent, Strategic Investments and Diverse Business Model

Produce 7% Year-over-Year Revenue Growth

ATLANTA -- SunTrust Banks, Inc. (NYSE: STI) reported net income available to common shareholders of $451 million, or $0.91 per average common diluted share, which includes $0.04 of tax benefits. When adjusting for these benefits, earnings were $0.87, down 3% sequentially, given typical seasonality, and up 4% compared to the prior year as a result of strong 7% revenue growth and reduced shares outstanding.

“Our performance this quarter is the direct result of the investments we have been making in strengthening our franchise and diversifying our business mix,” said William H. Rogers, Jr., chairman and CEO of SunTrust Banks, Inc. “2017 is off to a good start and we remain committed to investing in client growth, improving efficiency, and increasing capital returns.”

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FirstQuarter2017Financial Highlights

(Commentary is on a fully taxable-equivalent basis unless otherwise noted. Consistent with SEC guidance in Industry Guide 3 that contemplates the calculation of tax-exempt income on a tax equivalent basis, net interest income, net interest margin, total revenue, and efficiency ratios are provided on a fully taxable-equivalent basis, which generally assumes a 35% marginal federal tax rate and state income taxes, where applicable. We provide unadjusted amounts in the table on page 3 of this news release and detailed reconciliations and additional information in Appendix A on pages 21 and 22.)

Income Statement

• Net income available to common shareholders was $451 million, or $0.91 per average common diluted share, compared to $0.90 for the prior quarter and $0.84 for the first quarter of 2016.

◦ This quarter was favorably impacted by $0.04 per share of discrete tax benefits.

• Total revenue increased 3% compared to the prior quarter and 7% compared to the first quarter of 2016.

◦ These increases were driven largely by higher net interest income and record investment banking performance in the first quarter of 2017.

• Net interest margin was 3.09% in the current quarter, up 9 basis points sequentially and up 5 basis points compared to the prior year, driven by higher earning asset yields as a result of the steeper yield curve and the increase in benchmark interest rates. Compared to the prior year, the net interest margin was also favorably impacted by continued positive mix shift in the loan portfolio.

• Provision for credit losses increased $18 million sequentially as a result of a reserve release in the prior quarter.

• Noninterest expense increased 5% sequentially and 11% compared to the prior year.

◦ The sequential increase was driven primarily by the seasonal increase in employee benefit costs in addition to incremental costs associated with the Pillar acquisition.

◦ Compared to the prior year, the increase was driven largely by higher compensation associated with improved business and stock price performance, ongoing investments in talent, higher FDIC premiums, and costs associated with efficiency initiatives including branch closures.

• The efficiency and tangible efficiency ratios in the current quarter were 65.2% and 64.6%, respectively, both higher than the prior quarter as strong revenue growth was offset by seasonally higher noninterest expense (as outlined above).

Balance Sheet

• Average loan balances increased 1% sequentially and 4% year-over-year, driven primarily by growth in consumer and C&I, partially offset by declines in residential home equity products.

• Average consumer and commercial deposits increased 1% sequentially and 6% compared to the first quarter of 2016, driven by growth in NOW and money market account balances for both periods, as well as an increase in demand deposits year-over-year.

Capital

• Estimated capital ratios continue to be well above regulatory requirements. The Common Equity Tier 1 ("CET1") ratio was estimated to be 9.7% as of March 31, 2017, and 9.5% on a fully phased-in basis.

• During the quarter, the Company repurchased $414 million of its outstanding common stock, which included $240 million under its 2016 capital plan and an incremental $174 million under the 1% of Tier 1 Capital de-minimis exception permitted under the applicable 2016 Capital Plan Rule.

• Book value per common share was $45.62 and tangible book value per common share was $33.06, both up slightly from December 31, 2016, driven by growth in retained earnings.

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Asset Quality

• Nonperforming loans decreased $56 million from the prior quarter and represented 0.55% of total loans at March 31, 2017.

• Net charge-offs for the current quarter were $112 million, or 0.32% of average loans on an annualized basis, down $24 million sequentially.

• The provision for credit losses increased $18 million sequentially as a result of a reserve release in the prior quarter.

• At March 31, 2017, the ALLL to period-end loans ratio increased 1 basis point from the prior quarter.

Income Statement (Dollars in millions, except per share data)	1Q 2017			4Q 2016			3Q 2016			2Q 2016			1Q 2016
Net interest income	$1,366			$1,343			$1,308			$1,288			$1,282
Net interest income-FTE 2	1,400			1,377			1,342			1,323			1,318
Net interest margin	3.02		%	2.93		%	2.88		%	2.91		%	2.96		%
Net interest margin-FTE 2	3.09			3.00			2.96			2.99			3.04
Noninterest income	$847			$815			$889			$898			$781
Total revenue	2,213			2,158			2,197			2,186			2,063
Total revenue-FTE 2	2,247			2,192			2,231			2,221			2,099
Noninterest expense	1,465			1,397			1,409			1,345			1,318
Provision for credit losses	119			101			97			146			101
Net income available to common shareholders	451			448			457			475			430
Earnings per average common diluted share	0.91			0.90			0.91			0.94			0.84
Balance Sheet(Dollars in billions)
Average loans		$143.7			$142.6			$142.3			$141.2			$138.4
Average consumer and commercial deposits	158.9			158.0			155.3			154.2			149.2
Capital
Capital ratios at period end 1 :
Tier 1 capital (transitional)	10.40		%	10.28		%	10.50		%	10.57		%	10.63		%
Common Equity Tier 1 ("CET1") (transitional)	9.69			9.59			9.78			9.84			9.90
Common Equity Tier 1 ("CET1") (fully phased-in) 2	9.54			9.43			9.66			9.73			9.77
Total average shareholders’ equity to total average assets	11.59			11.84			12.12			12.11			12.33
Asset Quality
Net charge-offs to average loans (annualized)	0.32		%	0.38		%	0.35		%	0.39		%	0.25		%
Allowance for loan and lease losses to period-end loans	1.20			1.19			1.23			1.25			1.27
Nonperforming loans to total loans	0.55			0.59			0.67			0.67			0.70

¹ Current period Tier 1 capital and CET1 ratios are estimated as of the date of this news release.

² See Appendix A on page 21 for non-U.S. GAAP reconciliations and additional information.

Consolidated Financial Performance Details

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

Revenue

Total revenue was $2.2 billion for the current quarter, an increase of $55 million compared to the prior quarter. Net interest income increased $23 million sequentially due to a higher net interest margin and growth in average earning assets. Noninterest income increased $32 million sequentially driven by higher investment banking and mortgage-related income. Compared to the first quarter of 2016, total revenue increased $148 million, driven by an $82 million increase in net interest income (due to the same reasons noted above) and a $69 million increase in investment banking income.

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Net Interest Income

Net interest income was $1.4 billion for the current quarter, an increase of $23 million and $82 million compared to the prior quarter and prior year, respectively. Both increases were driven primarily by an increase in the net interest margin and growth in earning assets.

Net interest margin for the current quarter was 3.09%, compared to 3.00% in the prior quarter and 3.04% in the first quarter of 2016. The 9 and 5 basis point increases relative to the prior quarter and prior year were driven primarily by higher earning asset yields as a result of the steeper yield curve and the increase in benchmark interest rates. Compared to the prior year, the net interest margin was also favorably impacted by continued positive mix shift in the loan portfolio.

Noninterest Income

Noninterest income was $847 million for the current quarter, compared to $815 million for the prior quarter and $781 million for the first quarter of 2016. The $32 million sequential increase was due primarily to higher investment banking and mortgage-related income, partially offset by a decrease in commercial real estate related income due to typical seasonality. Compared to the first quarter of 2016, noninterest income increased $66 million, driven largely by record investment banking income, partially offset by lower mortgage-related income.

Investment banking income was $167 million for the current quarter, compared to $122 million in the prior quarter and $98 million in the first quarter of 2016. The $45 million increase compared to the prior quarter and $69 millionincrease compared to the first quarter of 2016 were due to broad-based growth across most products, particularly syndicated finance and M&A advisory, which both had record quarters.

Trading income was $51 million for the current quarter, compared to $58 million in the prior quarter and $55 million in the first quarter of 2016. The sequential decrease was due primarily to lower counterparty credit valuation reserves recognized in the prior quarter, which offset the increase in core trading revenue in the current quarter. The decrease compared to the first quarter of 2016 was driven largely by lower client-related interest rate hedging activity.

Mortgage production income for the current quarter was $53 million, compared to $78 million for the prior quarter and $60 million for the first quarter of 2016. The $25 million sequential decrease was due primarily to lower refinancing activity in addition to a mortgage repurchase reserve release in the prior quarter. Mortgage application volume decreased 6% sequentially and 16% compared to the first quarter of 2016, and closed loan volume decreased 37% sequentially, but increased 11% compared to the first quarter of 2016.

Mortgage servicing income was $58 million for the current quarter, compared to $25 million in the prior quarter and $62 million in the first quarter of 2016. The $33 million sequential increase was due to higher servicing fees (driven by acquisitions which closed in the first quarter of 2017) and lower servicing asset decay. At March 31, 2017 and 2016, the servicing portfolio totaled $164.5 billion and $148.9 billion, respectively.

Trust and investment management income was $75 million for the current quarter, compared to $73 million for the prior quarter and $75 million for the first quarter of 2016. The $2 million increase from the prior quarter was primarily due to an increase in trust and institutional assets under management.

Client transaction-related fees (namely service charges on deposits, other charges and fees, and card fees) decreased $3 million compared to the prior quarter due largely to the residual impact of the enhanced posting order process instituted during the fourth quarter of 2016. Compared to first quarter of 2016, client transaction-related fees were stable.

Commercial real estate related income was $20 million for the current quarter, compared to $33 million for the prior quarter and $17 million for the first quarter of 2016. This new income statement line item includes noninterest income from Pillar & Cohen Financial ("Pillar"), which the Company acquired in December 2016, as well as noninterest income from other commercial real estate-related businesses (specifically Structured Real Estate and SunTrust Community Capital), which were previously recorded in 'other noninterest income'. The $13 million sequential decrease was due largely to a decline in revenue from SunTrust Community Capital, which is typically higher in the fourth quarter. The

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$3 million increase compared to the first quarter of 2016 was attributable to income from Pillar, partially muted by higher structured real estate-related revenue in the first quarter of 2016.

Other noninterest income was $30 million for the current quarter, compared to $29 million in the prior quarter and $21 million in the first quarter of 2016. The $9 million increase compared to the prior year was due primarily to gains on the sale of affordable housing investments recognized in the current quarter as well as certain asset impairment charges recognized during the first quarter of 2016.

Noninterest Expense

Noninterest expense was $1.5 billion in the current quarter, representing a sequential increase of $68 million and an increase of $147 million compared to the first quarter of 2016. The sequential increase was driven by the seasonal increase in employee benefit costs in addition to incremental costs associated with the Pillar acquisition. The increase relative to the prior year was driven by higher costs associated with improved business and stock price performance, ongoing investments in talent, higher FDIC premiums, and costs associated with ongoing efficiency initiatives including branch closures and severance costs.

Employee compensation and benefits expense was $852 million in the current quarter, compared to $762 million in the prior quarter and $774 million in the first quarter of 2016. The sequential increase of $90 million was due to the seasonal increase in employee benefit costs and incremental compensation costs associated with the Pillar acquisition. The $78 millionincrease compared to the first quarter of 2016 was due primarily to higher compensation costs associated with improved business performance and stock price performance, continued investments in talent and technology, and the incremental compensation costs associated with the Pillar acquisition.

Operating losses were $32 million in the current quarter, compared to $23 million in the prior quarter and $24 million in the first quarter of 2016. The increase relative to both quarters was due primarily to higher legal accruals recognized during the current quarter.

Outside processing and software expense was $205 million in the current quarter, compared to $209 million in the prior quarter and $198 million in the first quarter of 2016. The $4 million sequential decrease was due to normal quarterly variability. The $7 million year-over-year increase was driven primarily by higher utilization of third-party services as a result of increased business activity.

FDIC premium and regulatory expense was $48 million in the current quarter, compared to $46 million in the prior quarter and $36 million in the first quarter of 2016. The increase compared to the prior year was driven by the FDIC surcharge on large banks, which became effective during the third quarter of 2016, and a larger assessment base attributable to balance sheet growth.

Marketing and customer development expense was $42 million in the current quarter, compared to $52 million in the prior quarter and $44 million in the first quarter of 2016. The decrease relative to both quarters was driven by normal quarterly variability in advertising and client development costs.

Net occupancy expense was $92 million in the current quarter, compared to $94 million in the prior quarter and $85 million in the first quarter of 2016.  The increase relative to the prior year was due primarily to a reduction in amortized gains from prior sale leaseback transactions.

Other noninterest expense was $142 million in the current quarter, compared to $154 million in the prior quarter and $107 million in the first quarter of 2016. The $12 million sequential decrease was due largely to higher legal and consulting costs incurred in the prior quarter. The $35 million year-over-year increase was driven primarily by higher legal and consulting fees and higher branch closure and severance costs incurred in the current quarter.

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Income Taxes

For the current quarter, the Company recorded an income tax provision of $159 million, compared to $193 million for the prior quarter and $195 million for the first quarter of 2016. The decrease relative to both quarters was attributable in large part to a $22 million discrete tax benefit related to share-based compensationrecognized during the current quarter (in accordance with ASU 2016-09, which the Company adopted in the second quarter of 2016). The effective tax rate for the current quarter was 25%, compared to 29% in the prior quarter and 30% in the first quarter of 2016.

Balance Sheet

At March 31, 2017, the Company had total assets of $205.6 billion and total shareholders’ equity of $23.5 billion, representing 11% of total assets. Book value per common share was $45.62 and tangible book value per common share was $33.06, both up slightly compared to December 31, 2016 and March 31, 2016, driven primarily by growth in retained earnings.

Loans

Average performing loans were $142.8 billion for the current quarter, a 1%increase over the prior quarter and a 4% increase over the first quarter of 2016. The sequential and year-over-year growth was driven largely by increases in consumer and C&I, offset partially by declines in home equity products.

Deposits

Average consumer and commercial deposits for the current quarter were $158.9 billion, a 1% increase over the prior quarter and a 6% increase over the first quarter of 2016. The sequential growth was due largely to a 4% increase in NOW account balances and a 1% increase in money market account balances, offset largely by a 4% decrease in demand deposits. Compared to the first quarter of 2016, growth was driven primarily by increases in NOW, money market, and demand deposit accounts.

Capital and Liquidity

The Company’s estimated capital ratios were well above current regulatory requirements with the Common Equity Tier 1 ratio estimated to be 9.7% at March 31, 2017, and 9.5% on a fully phased-in basis. The ratios of average total equity to average total assets and tangible common equity to tangible assets were 11.6% and 8.1%, respectively, at March 31, 2017. The Company continues to have substantial available liquidity in the form of cash, high-quality government-backed or government-sponsored securities, and other available contingency funding sources.

The Company declared a common stock dividend of $0.26 per common share and repurchased $414 million of its outstanding common stock in the first quarter of 2017, which included $240 million as originally contemplated under its 2016 capital plan and an incremental $174 million of common stock under the 1% of Tier 1 Capital de-minimis exception permitted under the applicable 2016 Capital Plan Rule. The Company currently expects to repurchase approximately $240 million of additional common stock during the second quarter of 2017 to complete its 2016 capital plan.

Asset Quality

Total nonperforming assets were $858 million at March 31, 2017, down $61 million compared to the prior quarter and $177 million compared to the first quarter of 2016. The decrease in nonperforming assets compared to both the prior quarter and the prior year was due primarily to the continued resolution of problem energy credits. The ratio of nonperforming loans to total loans was 0.55%, 0.59%, and 0.70% at March 31, 2017, December 31, 2016, and March 31, 2016, respectively.

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Net charge-offs were $112 million during the current quarter, a decrease of $24 million compared to the prior quarter and an increase of $27 million compared to the first quarter of 2016. The decrease compared to the prior quarter was driven by lower net charge-offs associated with energy, commercial construction, and residential mortgages. The increase compared to the prior year was driven primarily by higher commercial charge-offs. The ratio of annualized net charge-offs to total average loans was 0.32% during the current quarter, compared to 0.38% during the prior quarter and 0.25% during the first quarter of 2016. The provision for credit losses was $119 million in the current quarter, an increase of $18 million compared to both the prior quarter and the first quarter of 2016.

At March 31, 2017, the allowance for loan and lease losses was $1.7 billion, which represented 1.20% of total loans, an increase of $5 million, or 1 basis point, relative to December 31, 2016.

Early stage delinquencies were 0.72% at March 31, 2017, unchanged compared to the prior quarter. Excluding government-guaranteed loans which accounts for 0.50%, early stage delinquencies were 0.22%, down 5 basis points from the prior quarter and down 7 basis points compared to a year ago.

Accruing restructured loans totaled $2.5 billion and nonaccruing restructured loans totaled $329 million at March 31, 2017, of which $2.6 billion were residential loans, $170 million were consumer loans, and $150 million were commercial loans.

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OTHER INFORMATION

About SunTrust Banks, Inc.

SunTrust Banks, Inc. is a purpose-driven company dedicated to Lighting the Way to Financial Well-Being for the people, businesses, and communities it serves. Headquartered in Atlanta, the Company has three business segments: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking. Its flagship subsidiary, SunTrust Bank, operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states, along with 24-hour digital access. Certain business lines serve consumer, commercial, corporate, and institutional clients nationally. As of March 31, 2017, SunTrust had total assets of $206 billion and total deposits of $163 billion. The Company provides deposit, credit, trust, investment, mortgage, asset management, securities brokerage, and capital market services. SunTrust leads onUp, a national movement inspiring Americans to build financial confidence. Join the movement at onUp.com.

Business Segment Results

The Company has included its business segment financial tables as part of this release. 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 U.S. Generally Accepted Accounting Principles ("U.S. GAAP") and certain matched-maturity funds transfer pricing credits and charges. 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 at investors.suntrust.com. 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, 2017, 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 1-877-209-9920 (Passcode: SunTrust). Individuals calling from outside the United States should dial 1-612-332-1210 (Passcode: SunTrust). A replay of the call will be available approximately one hour after the call ends on April 21, 2017, and will remain available until May 21, 2017, by dialing 1-800-475-6701 (domestic) or 1-320-365-3844 (international) (Passcode: 420348). Alternatively, individuals may listen to the live webcast of the presentation by visiting the SunTrust investor relations website at investors.suntrust.com. Beginning the afternoon of April 21, 2017, listeners may access an archived version of the webcast in the “Events & Presentations” section of the investor relations website. This webcast will be archived and available for one year.

Non-GAAP Financial Measures

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 beginning at page 21.

In this news release, consistent with Securities and Exchange Commission Industry Guide 3, the Company presents total revenue, net interest income, net interest margin, and efficiency ratios on a fully taxable equivalent (“FTE”) basis, and ratios on an annualized basis. The FTE basis adjusts for the tax-favored status of net interest income from certain loans and investments using a federal tax rate of 35% and state income taxes where applicable to increase tax-exempt interest income to a taxable-equivalent basis. The Company believes this measure to be the preferred industry measurement

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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-FTE plus noninterest income.

The Company presents the following additional non-GAAP measures because many investors find them useful. Specifically:

• The Company presents the allowance for loan and lease losses and early stage delinquencies excluding government-guaranteed loans 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 the allowance is intended to cover.

• The Company presents certain capital information on a tangible basis, including tangible equity, tangible common equity, the ratio of tangible equity to tangible assets, the ratio of tangible common equity to tangible assets, tangible book value per share, and the return on tangible common shareholders’ equity, which removes the after-tax impact of purchase accounting intangible assets from shareholders' equity and removes related intangible asset amortization from net income available to common shareholders. The Company believes these measures are useful to investors because, by removing the amount of intangible assets that result from merger and acquisition activity and amortization expense (the level of which may vary from company to company), it allows investors to more easily compare the Company’s capital position and return on average tangible common shareholders' equity to other companies in the industry who present similar measures. The Company also believes that removing these items provides a more relevant measure of the return on the Company's common shareholders' equity. These measures are utilized by management to assess the capital adequacy and profitability of the Company.

• Similarly, the Company presents an efficiency ratio-FTE and a tangible efficiency ratio-FTE. The efficiency ratio is computed by dividing noninterest expense by total revenue. Efficiency ratio-FTE is computed by dividing noninterest expense by total revenue-FTE. The tangible efficiency ratio-FTE excludes the amortization related to intangible assets and certain tax credits. The Company believes this measure is useful to investors because, by removing the impact of amortization (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.

• The Company presents the Basel III Common Equity Tier 1 (CET1), on a fully-phased in basis. Fully phased-in ratios consider a 250% risk-weighting for MSRs and deduction from capital of certain carryforward DTAs, the overfunded pension asset, and other intangible assets. The Company believes this measure is useful to investors who wish to understand the Company's current compliance with future regulatory requirements.

Important Cautionary Statement About Forward-Looking Statements

This news release contains forward-looking statements. Statements regarding 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. 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, 2016 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 and shares in thousands, except per share data) (Unaudited)	Three Months Ended March 31						%
	2017			2016			Change
EARNINGS & DIVIDENDS
Net income		$468			$447		5	%
Net income available to common shareholders	451			430			5
Total revenue	2,213			2,063			7
Total revenue-FTE 1	2,247			2,099			7
Net income per average common share:
Diluted	0.91			0.84			8
Basic	0.92			0.85			8
Dividends paid per common share	0.26			0.24			8
CONDENSED BALANCE SHEETS
Selected Average Balances:
Total assets		$204,252			$193,014		6	%
Earning assets	183,606			174,189			5
Loans	143,670			138,372			4
Intangible assets including mortgage servicing rights ("MSRs")	8,026			7,569			6
MSRs	1,604			1,215			32
Consumer and commercial deposits	158,874			149,229			6
Total shareholders’ equity	23,671			23,797			(1	)
Preferred stock	1,225			1,225			—
Period End Balances:
Total assets	205,642			194,158			6
Earning assets	183,279			175,710			4
Loans	143,529			139,746			3
Allowance for loan and lease losses ("ALLL")	1,714			1,770			(3	)
Consumer and commercial deposits	161,531			151,264			7
Total shareholders’ equity	23,484			24,053			(2	)
FINANCIAL RATIOS & OTHER DATA
Return on average total assets	0.93		%	0.93		%	—	%
Return on average common shareholders’ equity	8.19			7.71			6
Return on average tangible common shareholders' equity 1	11.28			10.60			6
Net interest margin	3.02			2.96			2
Net interest margin-FTE 1	3.09			3.04			2
Efficiency ratio	66.20			63.89			4
Efficiency ratio-FTE 1	65.19			62.81			4
Tangible efficiency ratio-FTE 1	64.60			62.33			4
Effective tax rate	25			30			(17	)
Basel III capital ratios at period end (transitional) 2:
Common Equity Tier 1 ("CET1")	9.69			9.90			(2	)
Tier 1 capital	10.40			10.63			(2	)
Total capital	12.37			12.39			—
Leverage	9.09			9.50			(4	)
Basel III fully phased-in CET1 ratio 1, 2	9.54			9.77			(2	)
Total average shareholders’ equity to total average assets	11.59			12.33			(6	)
Tangible equity to tangible assets 1	8.72			9.56			(9	)
Tangible common equity to tangible assets 1	8.06			8.85			(9	)
Book value per common share		$45.62			$44.97		1
Tangible book value per common share 1	33.06			32.90			—
Market capitalization	26,860			18,236			47
Average common shares outstanding:
Diluted	496,002			509,931			(3	)
Basic	490,091			505,482			(3	)
Full-time equivalent employees	24,215			23,945			1
Number of ATMs	2,132			2,153			(1	)
Full service banking offices	1,316			1,397			(6	)

¹  See Appendix A for additional information and reconcilements of non-U.S. GAAP performance measures.

²  Current period capital ratios are estimated as of the earnings release date.

10

SunTrust Banks, Inc. and Subsidiaries

FIVE QUARTER FINANCIAL HIGHLIGHTS

	Three Months Ended
	March 31			December 31			September 30			June 30			March 31
(Dollars in millions and shares in thousands, except per share data) (Unaudited)	2017			2016			2016			2016			2016
EARNINGS & DIVIDENDS
Net income		$468			$465			$474			$492			$447
Net income available to common shareholders	451			448			457			475			430
Total revenue	2,213			2,158			2,197			2,186			2,063
Total revenue-FTE 1	2,247			2,192			2,231			2,221			2,099
Net income per average common share:
Diluted	0.91			0.90			0.91			0.94			0.84
Basic	0.92			0.91			0.92			0.95			0.85
Dividends paid per common share	0.26			0.26			0.26			0.24			0.24
CONDENSED BALANCE SHEETS
Selected Average Balances:
Total assets		$204,252			$203,146			$201,476			$198,305			$193,014
Earning assets	183,606			182,475			180,523			178,055			174,189
Loans	143,670			142,578			142,257			141,238			138,372
Intangible assets including MSRs	8,026			7,654			7,415			7,543			7,569
MSRs	1,604			1,291			1,065			1,192			1,215
Consumer and commercial deposits	158,874			157,996			155,313			154,166			149,229
Total shareholders’ equity	23,671			24,044			24,410			24,018			23,797
Preferred stock	1,225			1,225			1,225			1,225			1,225
Period End Balances:
Total assets	205,642			204,875			205,091			198,892			194,158
Earning assets	183,279			184,610			181,341			178,852			175,710
Loans	143,529			143,298			141,532			141,656			139,746
ALLL	1,714			1,709			1,743			1,774			1,770
Consumer and commercial deposits	161,531			158,864			157,592			151,779			151,264
Total shareholders’ equity	23,484			23,618			24,449			24,464			24,053
FINANCIAL RATIOS & OTHER DATA
Return on average total assets	0.93		%	0.91		%	0.94		%	1.00		%	0.93		%
Return on average common shareholders’ equity	8.19			7.85			7.89			8.43			7.71
Return on average tangible common shareholders' equity 1	11.28			10.76			10.73			11.54			10.60
Net interest margin	3.02			2.93			2.88			2.91			2.96
Net interest margin-FTE 1	3.09			3.00			2.96			2.99			3.04
Efficiency ratio	66.20			64.74			64.13			61.53			63.89
Efficiency ratio-FTE 1	65.19			63.73			63.14			60.56			62.81
Tangible efficiency ratio-FTE 1	64.60			63.08			62.54			60.05			62.33
Effective tax rate	25			29			31			29			30
Basel III capital ratios at period end (transitional) 2:
CET1	9.69			9.59			9.78			9.84			9.90
Tier 1 capital	10.40			10.28			10.50			10.57			10.63
Total capital	12.37			12.26			12.57			12.68			12.39
Leverage	9.09			9.22			9.28			9.35			9.50
Basel III fully phased-in CET1 ratio 1, 2	9.54			9.43			9.66			9.73			9.77
Total average shareholders’ equity to total average assets	11.59			11.84			12.12			12.11			12.33
Tangible equity to tangible assets 1	8.72			8.82			9.24			9.53			9.56
Tangible common equity to tangible assets 1	8.06			8.15			8.57			8.85			8.85
Book value per common share		$45.62			$45.38			$46.63			$46.14			$44.97
Tangible book value per common share 1	33.06			32.95			34.34			33.98			32.90
Market capitalization	26,860			26,942			21,722			20,598			18,236
Average common shares outstanding:
Diluted	496,002			497,055			500,885			505,633			509,931
Basic	490,091			491,497			496,304			501,374			505,482
Full-time equivalent employees	24,215			24,375			23,854			23,940			23,945
Number of ATMs	2,132			2,165			2,163			2,144			2,153
Full service banking offices	1,316			1,367			1,369			1,389			1,397

¹  See Appendix A for additional information and reconcilements of non-U.S. GAAP performance measures.

²  Current period capital ratios are estimated as of the earnings release date.

11

SunTrust Banks, Inc. and Subsidiaries

CONSOLIDATED STATEMENTS OF INCOME

	Three Months Ended				Increase/(Decrease)
(Dollars in millions and shares in thousands, except per share data) (Unaudited)	March 31
	2017		2016		Amount			%
Interest income		$1,528		$1,411		$117		8	%
Interest expense	162		129		33			26
NET INTEREST INCOME	1,366		1,282		84			7
Provision for credit losses	119		101		18			18
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	1,247		1,181		66			6
NONINTEREST INCOME
Service charges on deposit accounts	148		153		(5		)	(3	)
Other charges and fees	95		93		2			2
Card fees	82		78		4			5
Investment banking income	167		98		69			70
Trading income	51		55		(4		)	(7	)
Trust and investment management income	75		75		—			—
Retail investment services	68		69		(1		)	(1	)
Mortgage production related income	53		60		(7		)	(12	)
Mortgage servicing related income	58		62		(4		)	(6	)
Commercial real estate related income 1	20		17		3			18
Net securities gains/(losses)	—		—		—			—
Other noninterest income 1	30		21		9			43
Total noninterest income	847		781		66			8
NONINTEREST EXPENSE
Employee compensation and benefits	852		774		78			10
Outside processing and software	205		198		7			4
Net occupancy expense	92		85		7			8
Equipment expense	39		40		(1		)	(3	)
FDIC premium/regulatory exams	48		36		12			33
Marketing and customer development	42		44		(2		)	(5	)
Operating losses	32		24		8			33
Amortization	13		10		3			30
Other noninterest expense	142		107		35			33
Total noninterest expense	1,465		1,318		147			11
INCOME BEFORE PROVISION FOR INCOME TAXES	629		644		(15		)	(2	)
Provision for income taxes	159		195		(36		)	(18	)
NET INCOME INCLUDING INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	470		449		21			5
Net income attributable to noncontrolling interest	2		2		—			—
NET INCOME		$468		$447		$21		5	%
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS		$451		$430		$21		5	%
Net interest income-FTE 2	1,400		1,318		82			6
Total revenue	2,213		2,063		150			7
Total revenue-FTE 2	2,247		2,099		148			7
Net income per average common share:
Diluted	0.91		0.84		0.07			8
Basic	0.92		0.85		0.07			8
Cash dividends paid per common share	0.26		0.24		0.02			8
Average common shares outstanding:
Diluted	496,002		509,931		(13,929		)	(3	)
Basic	490,091		505,482		(15,391		)	(3	)

¹Beginning January 1, 2017, the Company began presenting income related to the Company's Pillar Financial, Community Capital, and Structured Real Estate businesses as a separate line item on the Consolidated Statements of Income titled Commercial real estate related income. For periods prior to January 1, 2017, these amounts were previously presented in Other noninterest income and have been reclassified to Commercial real estate related income for comparability.

² See Appendix A for additional information and reconcilements of non-U.S. GAAP measures to the related U.S.GAAP measures.

12

SunTrust Banks, Inc. and Subsidiaries

FIVE QUARTER CONSOLIDATED STATEMENTS OF INCOME

	Three Months Ended									Three Months Ended
(Dollars in millions and shares in thousands, except per share data) (Unaudited)	March 31		December 31		Increase/(Decrease)					September 30		June 30		March 31
	2017		2016		Amount			% 3		2016		2016		2016
Interest income		$1,528		$1,492		$36		2	%		$1,451		$1,424		$1,411
Interest expense	162		149		13			9		143		136		129
NET INTEREST INCOME	1,366		1,343		23			2		1,308		1,288		1,282
Provision for credit losses	119		101		18			18		97		146		101
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	1,247		1,242		5			—		1,211		1,142		1,181
NONINTEREST INCOME
Service charges on deposit accounts	148		154		(6		)	(4	)	162		162		153
Other charges and fees	95		90		5			6		93		104		93
Card fees	82		84		(2		)	(2	)	83		83		78
Investment banking income	167		122		45			37		147		126		98
Trading income	51		58		(7		)	(12	)	65		34		55
Trust and investment management income	75		73		2			3		80		75		75
Retail investment services	68		69		(1		)	(1	)	71		72		69
Mortgage production related income	53		78		(25		)	(32	)	118		111		60
Mortgage servicing related income	58		25		33			NM		49		52		62
Commercial real estate related income 1	20		33		(13		)	(39	)	8		10		17
Net securities gains	—		—		—			—		—		4		—
Other noninterest income 1	30		29		1			3		13		65		21
Total noninterest income	847		815		32			4		889		898		781
NONINTEREST EXPENSE
Employee compensation and benefits	852		762		90			12		773		763		774
Outside processing and software	205		209		(4		)	(2	)	225		202		198
Net occupancy expense	92		94		(2		)	(2	)	93		78		85
Equipment expense	39		43		(4		)	(9	)	44		42		40
FDIC premium/regulatory exams	48		46		2			4		47		44		36
Marketing and customer development	42		52		(10		)	(19	)	38		38		44
Operating losses	32		23		9			39		35		25		24
Amortization	13		14		(1		)	(7	)	14		11		10
Other noninterest expense	142		154		(12		)	(8	)	140		142		107
Total noninterest expense	1,465		1,397		68			5		1,409		1,345		1,318
INCOME BEFORE PROVISION FOR INCOME TAXES	629		660		(31		)	(5	)	691		695		644
Provision for income taxes	159		193		(34		)	(18	)	215		201		195
NET INCOME INCLUDING INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	470		467		3			1		476		494		449
Net income attributable to noncontrolling interest	2		2		—			—		2		2		2
NET INCOME		$468		$465		$3		1	%		$474		$492		$447
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS		$451		$448		$3		1	%		$457		$475		$430
Net interest income-FTE 2	1,400		1,377		23			2		1,342		1,323		1,318
Total revenue	2,213		2,158		55			3		2,197		2,186		2,063
Total revenue-FTE 2	2,247		2,192		55			3		2,231		2,221		2,099
Net income per average common share:
Diluted	0.91		0.90		0.01			1		0.91		0.94		0.84
Basic	0.92		0.91		0.01			1		0.92		0.95		0.85
Cash dividends paid per common share	0.26		0.26		—			—		0.26		0.24		0.24
Average common shares outstanding:
Diluted	496,002		497,055		(1,053		)	—		500,885		505,633		509,931
Basic	490,091		491,497		(1,406		)	—		496,304		501,374		505,482

¹Beginning January 1, 2017, the Company began presenting income related to the Company's Pillar Financial, Community Capital, and Structured Real Estate businesses as a separate line item on the Consolidated Statements of Income titled Commercial real estate related income. For periods prior to January 1, 2017, these amounts were previously presented in Other noninterest income and have been reclassified to Commercial real estate related income for comparability.

² See Appendix A for additional information and reconcilements of non-U.S. GAAP measures to the related U.S.GAAP measures.

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

13

SunTrust Banks, Inc. and Subsidiaries

CONSOLIDATED BALANCE SHEETS

	March 31						Increase/(Decrease)
(Dollars in millions and shares in thousands, except per share data) (Unaudited)	2017			2016			Amount			% 2
ASSETS
Cash and due from banks		$6,957			$3,074			$3,883		NM
Federal funds sold and securities borrowed or purchased under agreements to resell	1,292			1,229			63			5	%
Interest-bearing deposits in other banks	25			24			1			4
Trading assets and derivative instruments	6,007			7,050			(1,043		)	(15	)
Securities available for sale	31,127			28,188			2,939			10
Loans held for sale ("LHFS")	2,109			1,911			198			10
Loans held for investment:
Commercial and industrial ("C&I")	68,971			68,963			8			—
Commercial real estate ("CRE")	5,067			6,034			(967		)	(16	)
Commercial construction	4,215			2,498			1,717			69
Residential mortgages - guaranteed	549			623			(74		)	(12	)
Residential mortgages - nonguaranteed	26,110			25,148			962			4
Residential home equity products	11,511			12,845			(1,334		)	(10	)
Residential construction	380			383			(3		)	(1	)
Consumer student - guaranteed	6,396			5,265			1,131			21
Consumer other direct	7,904			6,372			1,532			24
Consumer indirect	11,067			10,522			545			5
Consumer credit cards	1,359			1,093			266			24
Total loans held for investment	143,529			139,746			3,783			3
Allowance for loan and lease losses ("ALLL")	(1,714		)	(1,770		)	(56		)	(3	)
Net loans held for investment	141,815			137,976			3,839			3
Goodwill	6,338			6,337			1			—
MSRs	1,645			1,182			463			39
Other assets	8,327			7,187			1,140			16
Total assets 1		$205,642			$194,158			$11,484		6	%
LIABILITIES
Deposits:
Noninterest-bearing consumer and commercial deposits		$43,437			$42,256			$1,181		3	%
Interest-bearing consumer and commercial deposits:
NOW accounts	46,222			39,273			6,949			18
Money market accounts	55,261			53,327			1,934			4
Savings	6,668			6,418			250			4
Consumer time	5,495			6,085			(590		)	(10	)
Other time	4,448			3,905			543			14
Total consumer and commercial deposits	161,531			151,264			10,267			7
Brokered time deposits	917			897			20			2
Foreign deposits	405			—			405			NM
Total deposits	162,853			152,161			10,692			7
Funds purchased	1,037			1,497			(460		)	(31	)
Securities sold under agreements to repurchase	1,704			1,774			(70		)	(4	)
Other short-term borrowings	1,955			1,673			282			17
Long-term debt	10,496			8,514			1,982			23
Trading liabilities and derivative instruments	1,225			1,536			(311		)	(20	)
Other liabilities	2,888			2,950			(62		)	(2	)
Total liabilities	182,158			170,105			12,053			7
SHAREHOLDERS' EQUITY
Preferred stock, no par value	1,225			1,225			—			—
Common stock, $1.00 par value	550			550			—			—
Additional paid-in capital	8,966			9,017			(51		)	(1	)
Retained earnings	16,322			14,999			1,323			9
Treasury stock, at cost, and other	(2,712		)	(1,759		)	953			54
Accumulated other comprehensive (loss)/income, net of tax	(867		)	21			(888		)	NM
Total shareholders' equity	23,484			24,053			(569		)	(2	)
Total liabilities and shareholders' equity		$205,642			$194,158			$11,484		6	%
Common shares outstanding	485,712			505,443			(19,731		)	(4	)%
Common shares authorized	750,000			750,000			—			—
Preferred shares outstanding	12			12			—			—
Preferred shares authorized	50,000			50,000			—			—
Treasury shares of common stock	64,301			44,478			19,823			45

¹ Includes earning assets of $183,279 and $175,710 at March 31, 2017 and 2016, 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, except per share data) (Unaudited)	March 31			December 31			Increase/(Decrease)					September 30			June 30			March 31
	2017			2016			Amount			%		2016			2016			2016
ASSETS
Cash and due from banks		$6,957			$5,091			$1,866		37	%		$8,019			$4,134			$3,074
Federal funds sold and securities borrowed or purchased under agreements to resell	1,292			1,307			(15		)	(1	)	1,697			1,107			1,229
Interest-bearing deposits in other banks	25			25			—			—		24			24			24
Trading assets and derivative instruments	6,007			6,067			(60		)	(1	)	7,044			6,850			7,050
Securities available for sale	31,127			30,672			455			1		29,672			29,336			28,188
LHFS	2,109			4,169			(2,060		)	(49	)	3,772			2,468			1,911
Loans held for investment:
C&I	68,971			69,213			(242		)	—		68,298			68,603			68,963
CRE	5,067			4,996			71			1		5,056			6,228			6,034
Commercial construction	4,215			4,015			200			5		3,875			2,617			2,498
Residential mortgages - guaranteed	549			537			12			2		521			534			623
Residential mortgages - nonguaranteed	26,110			26,137			(27		)	—		26,306			26,037			25,148
Residential home equity products	11,511			11,912			(401		)	(3	)	12,178			12,481			12,845
Residential construction	380			404			(24		)	(6	)	393			397			383
Consumer student - guaranteed	6,396			6,167			229			4		5,844			5,562			5,265
Consumer other direct	7,904			7,771			133			2		7,358			6,825			6,372
Consumer indirect	11,067			10,736			331			3		10,434			11,195			10,522
Consumer credit cards	1,359			1,410			(51		)	(4	)	1,269			1,177			1,093
Total loans held for investment	143,529			143,298			231			—		141,532			141,656			139,746
ALLL	(1,714		)	(1,709		)	5			—		(1,743		)	(1,774		)	(1,770		)
Net loans held for investment	141,815			141,589			226			—		139,789			139,882			137,976
Goodwill	6,338			6,337			1			—		6,337			6,337			6,337
MSRs	1,645			1,572			73			5		1,119			1,061			1,182
Other assets	8,327			8,046			281			3		7,618			7,693			7,187
Total assets 1		$205,642			$204,875			$767		—	%		$205,091			$198,892			$194,158
LIABILITIES
Deposits:
Noninterest-bearing consumer and commercial deposits		$43,437			$43,431			$6		—	%		$43,835			$42,466			$42,256
Interest-bearing consumer and commercial deposits:
NOW accounts	46,222			45,534			688			2		43,093			39,869			39,273
Money market accounts	55,261			54,166			1,095			2		54,763			53,410			53,327
Savings	6,668			6,266			402			6		6,256			6,343			6,418
Consumer time	5,495			5,534			(39		)	(1	)	5,659			5,836			6,085
Other time	4,448			3,933			515			13		3,986			3,855			3,905
Total consumer and commercial deposits	161,531			158,864			2,667			2		157,592			151,779			151,264
Brokered time deposits	917			924			(7		)	(1	)	950			972			897
Foreign deposits	405			610			(205		)	(34	)	300			—			—
Total deposits	162,853			160,398			2,455			2		158,842			152,751			152,161
Funds purchased	1,037			2,116			(1,079		)	(51	)	2,226			1,352			1,497
Securities sold under agreements to repurchase	1,704			1,633			71			4		1,724			1,622			1,774
Other short-term borrowings	1,955			1,015			940			93		949			1,883			1,673
Long-term debt	10,496			11,748			(1,252		)	(11	)	11,866			12,264			8,514
Trading liabilities and derivative instruments	1,225			1,351			(126		)	(9	)	1,484			1,245			1,536
Other liabilities	2,888			2,996			(108		)	(4	)	3,551			3,311			2,950
Total liabilities	182,158			181,257			901			—		180,642			174,428			170,105
SHAREHOLDERS’ EQUITY
Preferred stock, no par value	1,225			1,225			—			—		1,225			1,225			1,225
Common stock, $1.00 par value	550			550			—			—		550			550			550
Additional paid-in capital	8,966			9,010			(44		)	—		9,009			9,003			9,017
Retained earnings	16,322			16,000			322			2		15,681			15,353			14,999
Treasury stock, at cost, and other	(2,712		)	(2,346		)	366			16		(2,131		)	(1,900		)	(1,759		)
Accumulated other comprehensive (loss)/income, net of tax	(867		)	(821		)	(46		)	(6	)	115			233			21
Total shareholders’ equity	23,484			23,618			(134		)	(1	)	24,449			24,464			24,053
Total liabilities and shareholders’ equity		$205,642			$204,875			$767		—	%		$205,091			$198,892			$194,158
Common shares outstanding	485,712			491,188			(5,476		)	(1	)%	495,936			501,412			505,443
Common shares authorized	750,000			750,000			—			—		750,000			750,000			750,000
Preferred shares outstanding	12			12			—			—		12			12			12
Preferred shares authorized	50,000			50,000			—			—		50,000			50,000			50,000
Treasury shares of common stock	64,301			58,738			5,563			9		53,985			48,509			44,478

¹ Includes earning assets of $183,279, $184,610, $181,341, $178,852, and $175,710 at March 31, 2017, December 31, 2016, September 30, 2016, June 30, 2017, and March 31, 2016, respectively.

15

SunTrust Banks, Inc. and Subsidiaries CONSOLIDATED DAILY AVERAGE BALANCES, INCOME/EXPENSE, AND AVERAGE YIELDS EARNED/RATES PAID
	Three Months Ended														Increase/(Decrease) From
	March 31, 2017							December 31, 2016							Sequential Quarter					Prior Year Quarter
(Dollars in millions) (Unaudited)	Average Balances			Interest Income/ Expense		Yields/ Rates		Average Balances			Interest Income/ Expense		Yields/ Rates		Average Balances			Yields/ Rates		Average Balances			Yields/ Rates
ASSETS
Loans held for investment: 1
Commercial and industrial ("C&I")		$69,076			$554	3.25	%		$68,407			$549	3.19	%		$669		0.06			$1,018		0.12
Commercial real estate ("CRE")	5,038			39		3.18		5,141			38		2.93		(103		)	0.25		(1,028		)	0.27
Commercial construction	4,076			34		3.39		3,852			31		3.22		224			0.17		1,844			0.11
Residential mortgages - guaranteed	567			4		3.07		542			4		2.57		25			0.50		(74		)	(0.73	)
Residential mortgages - nonguaranteed	25,918			247		3.80		26,065			244		3.75		(147		)	0.05		1,206			(0.01	)
Residential home equity products	11,466			116		4.10		11,809			116		3.91		(343		)	0.19		(1,383		)	0.15
Residential construction	385			4		4.04		382			4		4.24		3			(0.20	)	17			(0.38	)
Consumer student - guaranteed	6,278			65		4.20		5,990			62		4.12		288			0.08		1,186			0.22
Consumer other direct	7,819			97		5.02		7,556			88		4.64		263			0.38		1,580			0.54
Consumer indirect	10,847			92		3.43		10,633			92		3.44		214			(0.01	)	568			0.04
Consumer credit cards	1,369			33		9.79		1,324			33		9.93		45			(0.14	)	292			(0.52	)
Nonaccrual	831			4		2.03		877			8		3.77		(46		)	(1.74	)	72			(0.69	)
Total loans held for investment	143,670			1,289		3.64		142,578			1,269		3.54		1,092			0.10		5,298			0.14
Securities available for sale:
Taxable	30,590			185		2.42		29,314			166		2.27		1,276			0.15		3,426			0.03
Tax-exempt	286			2		3.04		273			2		3.08		13			(0.04	)	135			(0.60	)
Total securities available for sale	30,876			187		2.42		29,587			168		2.28		1,289			0.14		3,561			0.03
Federal funds sold and securities borrowed or purchased under agreements to resell	1,236			1		0.33		1,332			—		(0.03	)	(96		)	0.36		2			0.15
Loans held for sale ("LHFS")	2,611			24		3.71		3,570			30		3.42		(959		)	0.29		795			(0.44	)
Interest-bearing deposits in other banks	25			—		0.64		24			—		0.47		1			0.17		2			0.17
Interest earning trading assets	5,188			27		2.09		5,384			25		1.83		(196		)	0.26		(241		)	0.23
Total earning assets	183,606			1,528		3.38		182,475			1,492		3.25		1,131			0.13		9,417			0.12
Allowance for loan and lease losses ("ALLL")	(1,700		)					(1,724		)					24					50
Cash and due from banks	5,556							5,405							151					1,541
Other assets	15,952							15,375							577					1,313
Noninterest earning trading assets and derivative instruments	888							1,103							(215		)			(499		)
Unrealized (losses)/gains on securities available for sale, net	(50		)					512							(562		)			(584		)
Total assets		$204,252							$203,146							$1,106					$11,238
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing deposits:
NOW accounts		$44,745			$23	0.21	%		$42,929			$17	0.16	%		$1,816		0.05			$6,751		0.11
Money market accounts	54,902			34		0.25		54,416			30		0.22		486			0.03		1,839			0.07
Savings	6,415			—		0.02		6,259			—		0.03		156			(0.01	)	236			(0.01	)
Consumer time	5,487			9		0.69		5,599			10		0.69		(112		)	—		(617		)	(0.10	)
Other time	4,232			10		0.97		3,954			10		0.97		278			—		419			(0.07	)
Total interest-bearing consumer and commercial deposits	115,781			76		0.27		113,157			67		0.23		2,624			0.04		8,628			0.06
Brokered time deposits	917			3		1.28		935			3		1.28		(18		)	—		19			(0.09	)
Foreign deposits	678			1		0.66		308			—		0.45		370			0.21		674			0.33
Total interest-bearing deposits	117,376			80		0.28		114,400			70		0.24		2,976			0.04		9,321			0.06
Funds purchased	872			1		0.65		1,008			1		0.43		(136		)	0.22		(527		)	0.30
Securities sold under agreements to repurchase	1,715			3		0.61		1,708			2		0.45		7			0.16		(104		)	0.21
Interest-bearing trading liabilities	1,002			6		2.61		1,146			6		2.13		(144		)	0.48		(15		)	0.05
Other short-term borrowings	1,753			2		0.49		978			—		0.11		775			0.38		(598		)	0.17
Long-term debt	11,563			70		2.45		11,632			70		2.37		(69		)	0.08		2,926			(0.28	)
Total interest-bearing liabilities	134,281			162		0.49		130,872			149		0.45		3,409			0.04		11,003			0.07
Noninterest-bearing deposits	43,093							44,839							(1,746		)			1,017
Other liabilities	2,860							3,112							(252		)			(461		)
Noninterest-bearing trading liabilities and derivative instruments	347							279							68					(195		)
Shareholders’ equity	23,671							24,044							(373		)			(126		)
Total liabilities and shareholders’ equity		$204,252							$203,146							$1,106					$11,238
Interest Rate Spread						2.89	%						2.80	%				0.09					0.05
Net Interest Income					$1,366							$1,343
Net Interest Income-FTE 2					$1,400							$1,377
Net Interest Margin 3						3.02	%						2.93	%				0.09					0.06
Net Interest Margin-FTE 2, 3						3.09							3.00					0.09					0.05

¹ Interest income includes loan fees of $45 million and $41 million for the three months ended March 31, 2017 and December 31, 2016, respectively.

² See Appendix A for additional information and reconcilements of non-U.S. GAAP performance measures. Approximately 95% of the total FTE adjustment for both the three months ended March 31, 2017 and December 31, 2016 was attributed to C&I loans.

³ Net interest margin is calculated by dividing annualized net interest income by average total earning assets.

16

SunTrust Banks, Inc. and Subsidiaries CONSOLIDATED DAILY AVERAGE BALANCES, INCOME/EXPENSE, AND AVERAGE YIELDS EARNED/RATES PAID, continued
	Three Months Ended
	September 30, 2016							June 30, 2016							March 31, 2016
(Dollars in millions) (Unaudited)	Average Balances			Interest Income/ Expense		Yields/ Rates		Average Balances			Interest Income/ Expense		Yields/ Rates		Average Balances			Interest Income/ Expense		Yields/ Rates
ASSETS
Loans held for investment: 1
C&I		$68,242			$536	3.13	%		$68,918			$533	3.11	%		$68,058			$529	3.13	%
CRE	5,975			44		2.92		6,055			44		2.91		6,066			44		2.91
Commercial construction	2,909			24		3.28		2,589			21		3.25		2,232			18		3.28
Residential mortgages - guaranteed	540			5		3.34		580			6		3.98		641			6		3.80
Residential mortgages - nonguaranteed	26,022			243		3.74		25,408			241		3.80		24,712			236		3.81
Residential home equity products	12,075			119		3.93		12,464			122		3.95		12,849			126		3.95
Residential construction	379			4		4.47		376			4		4.41		368			4		4.42
Consumer student - guaranteed	5,705			58		4.03		5,412			54		3.98		5,092			50		3.98
Consumer other direct	7,090			81		4.56		6,590			74		4.54		6,239			70		4.48
Consumer indirect	11,161			96		3.41		10,771			90		3.37		10,279			87		3.39
Consumer credit cards	1,224			31		10.12		1,125			29		10.09		1,077			28		10.31
Nonaccrual	935			4		1.70		950			4		1.67		759			5		2.72
Total loans held for investment	142,257			1,245		3.48		141,238			1,222		3.48		138,372			1,203		3.50
Securities available for sale:
Taxable	28,460			157		2.21		27,910			160		2.29		27,164			162		2.39
Tax-exempt	181			2		3.41		151			1		3.60		151			1		3.64
Total securities available for sale	28,641			159		2.22		28,061			161		2.29		27,315			163		2.39
Federal funds sold and securities borrowed or purchased under agreements to resell	1,171			—		0.11		1,227			—		0.17		1,234			—		0.18
LHFS	2,867			25		3.47		2,015			18		3.61		1,816			19		4.15
Interest-bearing deposits in other banks	24			—		0.38		23			—		0.29		23			—		0.47
Interest earning trading assets	5,563			22		1.57		5,491			23		1.65		5,429			26		1.86
Total earning assets	180,523			1,451		3.20		178,055			1,424		3.22		174,189			1,411		3.26
ALLL	(1,756		)					(1,756		)					(1,750		)
Cash and due from banks	5,442							5,127							4,015
Other assets	14,822							14,675							14,639
Noninterest earning trading assets and derivative instruments	1,538							1,527							1,387
Unrealized gains on securities available for sale, net	907							677							534
Total assets		$201,476							$198,305							$193,014
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing deposits:
NOW accounts		$41,160			$15	0.14	%		$41,691			$13	0.12	%		$37,994			$10	0.10	%
Money market accounts	54,500			29		0.21		53,186			25		0.19		53,063			24		0.18
Savings	6,304			—		0.03		6,399			1		0.02		6,179			—		0.03
Consumer time	5,726			10		0.69		5,984			11		0.76		6,104			12		0.79
Other time	3,981			10		0.97		3,881			10		1.03		3,813			10		1.04
Total interest-bearing consumer and commercial deposits	111,671			64		0.23		111,141			60		0.22		107,153			56		0.21
Brokered time deposits	959			3		1.31		913			3		1.35		898			3		1.37
Foreign deposits	130			—		0.37		46			—		0.34		4			—		0.33
Total interest-bearing deposits	112,760			67		0.24		112,100			63		0.23		108,055			59		0.22
Funds purchased	784			1		0.36		1,032			1		0.36		1,399			1		0.35
Securities sold under agreements to repurchase	1,691			2		0.45		1,718			2		0.40		1,819			2		0.40
Interest-bearing trading liabilities	930			5		2.11		1,006			6		2.39		1,017			6		2.56
Other short-term borrowings	1,266			—		0.19		1,220			—		0.20		2,351			2		0.32
Long-term debt	12,257			68		2.21		10,517			64		2.46		8,637			59		2.73
Total interest-bearing liabilities	129,688			143		0.44		127,593			136		0.43		123,278			129		0.42
Noninterest-bearing deposits	43,642							43,025							42,076
Other liabilities	3,356							3,217							3,321
Noninterest-bearing trading liabilities and derivative instruments	380							452							542
Shareholders’ equity	24,410							24,018							23,797
Total liabilities and shareholders’ equity		$201,476							$198,305							$193,014
Interest Rate Spread						2.76	%						2.79	%						2.84	%
Net Interest Income					$1,308							$1,288							$1,282
Net Interest Income-FTE 2					$1,342							$1,323							$1,318
Net Interest Margin 3						2.88	%						2.91	%						2.96	%
Net Interest Margin-FTE 2, 3						2.96							2.99							3.04

¹  Interest income includes loan fees of $40 million, $41 million, and $43 million for the three months ended September 30, 2016, June 30, 2016, and March 31, 2016, respectively.

²  See Appendix A for additional information and reconcilements of non-U.S. GAAP performance measures. Approximately 95% of the total FTE adjustment for the three months ended September 30, 2016, June 30, 2016, and March 31, 2016 was attributed to C&I loans.

³  Net interest margin is calculated by dividing annualized net interest income by average total earning assets.

17

SunTrust Banks, Inc. and Subsidiaries OTHER FINANCIAL DATA
	Three Months Ended
	March 31						(Decrease)/Increase
(Dollars in millions) (Unaudited)	2017			2016			Amount			% 3
CREDIT DATA
Allowance for credit losses, beginning of period		$1,776			$1,815			($39	)	(2	)%
Provision/(benefit) for unfunded commitments	2			(2		)	4			NM
Provision/(benefit) for loan losses:
Commercial	46			98			(52		)	(53	)
Residential	5			(32		)	37			NM
Consumer	66			37			29			78
Total provision for loan losses	117			103			14			14
Charge-offs:
Commercial	(63		)	(32		)	31			97
Residential	(29		)	(41		)	(12		)	(29	)
Consumer	(54		)	(39		)	15			38
Total charge-offs	(146		)	(112		)	34			30
Recoveries:
Commercial	13			10			3			30
Residential	9			6			3			50
Consumer	12			11			1			9
Total recoveries	34			27			7			26
Net charge-offs	(112		)	(85		)	27			32
Allowance for credit losses, end of period		$1,783			$1,831			($48	)	(3	)%
Components:
Allowance for loan and lease losses ("ALLL")		$1,714			$1,770			($56	)	(3	)%
Unfunded commitments reserve	69			61			8			13
Allowance for credit losses		$1,783			$1,831			($48	)	(3	)%
Net charge-offs to average loans held for investment (annualized):
Commercial	0.26		%	0.12		%	0.14			NM
Residential	0.22			0.36			(0.14		)	(39	)%
Consumer	0.64			0.49			0.15			31
Total net charge-offs to total average loans held for investment	0.32			0.25			0.07			28
Period Ended
Nonaccrual/nonperforming loans ("NPLs"):
Commercial		$352			$577			($225	)	(39	)%
Residential	428			390			38			10
Consumer	9			8			1			13
Total nonaccrual/NPLs	789			975			(186		)	(19	)
Other real estate owned (“OREO”)	62			52			10			19
Other repossessed assets	7			8			(1		)	(13	)
Total nonperforming assets ("NPAs")		$858			$1,035			($177	)	(17	)%
Accruing restructured loans		$2,545			$2,569			($24	)	(1	)%
Nonaccruing restructured loans	329			233			96			41
Accruing loans held for investment past due > 90 days (guaranteed)	1,190			962			228			24
Accruing loans held for investment past due > 90 days (non-guaranteed)	37			34			3			9
Accruing LHFS past due > 90 days	1			1			—			—
NPLs to total loans held for investment	0.55		%	0.70		%	(0.15		)	(21	)%
NPAs to total loans held for investment plus OREO and other repossessed assets	0.60			0.74			(0.14		)	(19	)
ALLL to period-end loans held for investment 1, 2	1.20			1.27			(0.07		)	(6	)
ALLL to NPLs 1, 2	2.18x			1.83x			0.35x			19
ALLL to annualized net charge-offs 1	3.78x			5.20x			(1.42x)			(27	)

¹ This ratio is computed using the allowance for loan and lease losses ("ALLL").

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

³ "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
	Three Months Ended											Three Months Ended
	March 31			December 31			(Decrease)/Increase					September 30			June 30			March 31
(Dollars in millions) (Unaudited)	2017			2016			Amount			% 3		2016			2016			2016
CREDIT DATA
Allowance for credit losses, beginning of period		$1,776			$1,811			($35	)	(2	)%		$1,840			$1,831			$1,815
Provision/(benefit) for unfunded commitments	2			(1		)	3			NM		2			5			(2		)
Provision/(benefit) for loan losses:
Commercial	46			36			10			28		81			114			98
Residential	5			13			(8		)	(62	)	(36		)	(4		)	(32		)
Consumer	66			53			13			25		50			31			37
Total provision for loan losses	117			102			15			15		95			141			103
Charge-offs:
Commercial	(63		)	(78		)	(15		)	(19	)	(78		)	(99		)	(32		)
Residential	(29		)	(34		)	(5		)	(15	)	(28		)	(33		)	(41		)
Consumer	(54		)	(51		)	3			6		(44		)	(35		)	(39		)
Total charge-offs	(146		)	(163		)	(17		)	(10	)	(150		)	(167		)	(112		)
Recoveries:
Commercial	13			9			4			44		7			9			10
Residential	9			8			1			13		7			9			6
Consumer	12			10			2			20		10			12			11
Total recoveries	34			27			7			26		24			30			27
Net charge-offs	(112		)	(136		)	(24		)	(18	)	(126		)	(137		)	(85		)
Allowance for credit losses, end of period		$1,783			$1,776			$7		—	%		$1,811			$1,840			$1,831
Components:
ALLL		$1,714			$1,709			$5		—	%		$1,743			$1,774			$1,770
Unfunded commitments reserve	69			67			2			3		68			66			61
Allowance for credit losses		$1,783			$1,776			$7		—	%		$1,811			$1,840			$1,831
Net charge-offs to average loans held for investment (annualized):
Commercial	0.26		%	0.35		%	(0.09		)	(26	)%	0.37		%	0.46		%	0.12		%
Residential	0.22			0.26			(0.04		)	(15	)	0.21			0.24			0.36
Consumer	0.64			0.64			—			—		0.52			0.39			0.49
Total net charge-offs to total average loans held for investment	0.32			0.38			(0.06		)	(16	)	0.35			0.39			0.25
Period Ended
Nonaccrual/NPLs:
Commercial		$352			$414			($62	)	(15	)%		$513			$503			$577
Residential	428			424			4			1		429			433			390
Consumer	9			7			2			29		7			8			8
Total nonaccrual/NPLs	789			845			(56		)	(7	)	949			944			975
OREO	62			60			2			3		57			49			52
Other repossessed assets	7			14			(7		)	(50	)	13			8			8
Total NPAs		$858			$919			($61	)	(7	)%		$1,019			$1,001			$1,035
Accruing restructured loans		$2,545			$2,535			$10		—	%		$2,522			$2,541			$2,569
Nonaccruing restructured loans	329			306			23			8		306			307			233
Accruing loans held for investment past due > 90 days (guaranteed)	1,190			1,254			(64		)	(5	)	1,114			999			962
Accruing loans held for investment past due > 90 days (non-guaranteed)	37			34			3			9		30			42			34
Accruing LHFS past due > 90 days	1			1			—			—		2			1			1
NPLs to total loans held for investment	0.55		%	0.59		%	(0.04		)	(7	)%	0.67		%	0.67		%	0.70		%
NPAs to total loans held for investment plus OREO and other repossessed assets	0.60			0.64			(0.04		)	(6	)	0.72			0.71			0.74
ALLL to period-end loans held for investment 1, 2	1.20			1.19			0.01			1		1.23			1.25			1.27
ALLL to NPLs 1, 2	2.18x			2.03x			0.15x			7		1.84x			1.89x			1.83x
ALLL to annualized net charge-offs 1	3.78x			3.17x			0.61x			19		3.49x			3.22x			5.20x

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

19

SunTrust Banks, Inc. and Subsidiaries OTHER FINANCIAL DATA, continued
	Three Months Ended March 31
(Dollars in millions) (Unaudited)	MSRs - Fair Value			Other			Total
OTHER INTANGIBLE ASSETS ROLLFORWARD
Balance, beginning of period		$1,307			$18			$1,325
Amortization	—			(2		)	(2		)
Servicing rights originated	46			—			46
Servicing rights purchased	77			—			77
Fair value changes due to inputs and assumptions 1	(204		)	—			(204		)
Other changes in fair value 2	(43		)	—			(43		)
Servicing rights sold	(1		)	—			(1		)
Balance, March 31, 2016		$1,182			$16			$1,198
Balance, beginning of period		$1,572			$85			$1,657
Amortization	—			(5		)	(5		)
Servicing rights originated	96			5			101
Fair value changes due to inputs and assumptions 1	27			—			27
Other changes in fair value 2	(50		)	—			(50		)
Other 3	—			(1		)	(1		)
Balance, March 31, 2017		$1,645			$84			$1,729

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.

³ Represents measurement period adjustment on other intangible assets previously acquired in Pillar acquisition.

	Three Months Ended
	March 31		December 31		September 30		June 30		March 31
(Shares in thousands) (Unaudited)	2017		2016		2016		2016		2016
COMMON SHARES OUTSTANDING ROLLFORWARD
Balance, beginning of period	491,188		495,936		501,412		505,443		508,712
Common shares issued for employee benefit plans	1,536		560		259		752		991
Repurchases of common stock	(7,012	)	(5,308	)	(5,735	)	(4,783	)	(4,260	)
Balance, end of period	485,712		491,188		495,936		501,412		505,443

20

SunTrust Banks, Inc. and Subsidiaries APPENDIX A TO THE EARNINGS RELEASE - RECONCILEMENT OF NON-U.S. GAAP MEASURES 1
	Three Months Ended
	March 31			December 31			September 30			June 30			March 31
(Dollars in millions) (Unaudited)	2017			2016			2016			2016			2016
Net interest income		$1,366			$1,343			$1,308			$1,288			$1,282
Fully taxable-equivalent ("FTE") adjustment	34			34			34			35			36
Net interest income-FTE 2	1,400			1,377			1,342			1,323			1,318
Noninterest income	847			815			889			898			781
Total revenue-FTE 2		$2,247			$2,192			$2,231			$2,221			$2,099
Return on average common shareholders’ equity	8.19		%	7.85		%	7.89		%	8.43		%	7.71		%
Impact of removing average intangible assets and related pre-tax amortization, other than MSRs and other servicing rights	3.09			2.91			2.84			3.11			2.89
Return on average tangible common shareholders' equity 3	11.28		%	10.76		%	10.73		%	11.54		%	10.60		%
Net interest margin	3.02		%	2.93		%	2.88		%	2.91		%	2.96		%
Impact of FTE adjustment	0.07			0.07			0.08			0.08			0.08
Net interest margin-FTE 2	3.09		%	3.00		%	2.96		%	2.99		%	3.04		%
Noninterest expense		$1,465			$1,397			$1,409			$1,345			$1,318
Total revenue	2,213			2,158			2,197			2,186			2,063
Efficiency ratio 4	66.20		%	64.74		%	64.13		%	61.53		%	63.89		%
Impact of FTE adjustment	(1.01		)	(1.01		)	(0.99		)	(0.97		)	(1.08		)
Efficiency ratio-FTE 2, 4	65.19			63.73			63.14			60.56			62.81
Impact of excluding amortization related to intangible assets and certain tax credits	(0.59		)	(0.65		)	(0.60		)	(0.51		)	(0.48		)
Tangible efficiency ratio-FTE 2, 5	64.60		%	63.08		%	62.54		%	60.05		%	62.33		%
Basel III Common Equity Tier 1 ("CET1") ratio (transitional) 6	9.69		%	9.59		%	9.78		%	9.84		%	9.90		%
Impact of MSRs and other under fully phased-in approach	(0.15		)	(0.16		)	(0.12		)	(0.11		)	(0.13		)
Basel III fully phased-in CET1 ratio 6	9.54		%	9.43		%	9.66		%	9.73		%	9.77		%

¹ Certain amounts in this schedule are presented net of applicable income taxes, calculated based on each subsidiary’s federal and state tax rates and are adjusted for any permanent differences.

² The Company presents net interest income-FTE, total revenue-FTE, net interest margin-FTE, efficiency ratio-FTE, and tangible efficiency ratio-FTE 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 using a federal tax rate of 35% and state income taxes where applicable to increase tax-exempt interest income to a taxable-equivalent basis. 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-FTE plus noninterest income.

³ The Company presents return on average tangible common shareholders' equity, which removes the after-tax impact of purchase accounting intangible assets from average common shareholders' equity and removes related intangible asset amortization from net income available to common shareholders. The Company believes this measure is useful to investors because, by removing the amount of intangible assets and related pre-tax amortization expense (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. The Company also believes that removing these items provides a more relevant measure of the return on the Company's common shareholders' equity. This measure is utilized by management to assess the profitability of the Company.

⁴ Efficiency ratio is computed by dividing noninterest expense by total revenue. Efficiency ratio-FTE is computed by dividing noninterest expense by total revenue-FTE.

⁵ The Company presents a tangible efficiency ratio, which excludes the amortization related to intangible assets and certain tax credits. The Company believes this measure is useful to investors because, by removing the impact of amortization (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 Current period Basel III capital ratios are estimated as of the earnings release date. Fully phased-in ratios consider a 250% risk-weighting for MSRs and deduction from capital of certain carryforward DTAs, the overfunded pension asset, and other intangible assets. The Company believes these measures may be useful to investors who wish to understand the Company's current compliance with future regulatory requirements.

21

SunTrust Banks, Inc. and Subsidiaries APPENDIX A TO THE EARNINGS RELEASE - RECONCILEMENT OF NON-U.S. GAAP MEASURES, continued 1
	March 31			December 31			September 30			June 30			March 31
(Dollars in millions, except per share data) (Unaudited)	2017			2016			2016			2016			2016
Total shareholders' equity		$23,484			$23,618			$24,449			$24,464			$24,053
Goodwill, net of deferred taxes of $252 million, $251 million, $248 million, $246 million, and $243 million, respectively	(6,086		)	(6,086		)	(6,089		)	(6,091		)	(6,094		)
Other intangible assets (including MSRs and other servicing rights), net of deferred taxes of $2 million, $1 million, $2 million, $2 million, and $3 million, respectively	(1,727		)	(1,656		)	(1,129		)	(1,073		)	(1,195		)
MSRs and other servicing rights	1,711			1,638			1,124			1,067			1,189
Tangible equity 2	17,382			17,514			18,355			18,367			17,953
Noncontrolling interest	(101		)	(103		)	(101		)	(103		)	(101		)
Preferred stock	(1,225		)	(1,225		)	(1,225		)	(1,225		)	(1,225		)
Tangible common equity 2		$16,056			$16,186			$17,029			$17,039			$16,627
Total assets		$205,642			$204,875			$205,091			$198,892			$194,158
Goodwill	(6,338		)	(6,337		)	(6,337		)	(6,337		)	(6,337		)
Other intangible assets (including MSRs and other servicing rights)	(1,729		)	(1,657		)	(1,131		)	(1,075		)	(1,198		)
MSRs and other servicing rights	1,711			1,638			1,124			1,067			1,189
Tangible assets		$199,286			$198,519			$198,747			$192,547			$187,812
Tangible equity to tangible assets 2	8.72		%	8.82		%	9.24		%	9.53		%	9.56		%
Tangible common equity to tangible assets 2	8.06			8.15			8.57			8.85			8.85
Tangible book value per common share 3		$33.06			$32.95			$34.34			$33.98			$32.90

¹ Certain amounts in this schedule are presented net of applicable income taxes, calculated based on each subsidiary’s federal and state tax rates and are adjusted for any permanent differences.

² The Company presents certain capital information on a tangible basis, including tangible equity, tangible common equity, the ratio of tangible equity to tangible assets, and the ratio of tangible common equity to tangible assets, which remove the after-tax impact of purchase accounting intangible assets from shareholders' equity. The Company believes these measures are useful to investors because, by removing the amount 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. These measures are used by management to analyze capital adequacy.

³ The Company presents tangible book value per common share, which excludes the after-tax impact of purchase accounting intangible assets and also excludes noncontrolling interest and preferred stock from shareholders' equity. The Company believes this measure is useful to investors because, by removing the amount of intangible assets, noncontrolling interest, and preferred stock (the levels of which may vary from company to company), it allows investors to more easily compare the Company’s book value of common stock to other companies in the industry.

22

SunTrust Banks, Inc. and Subsidiaries CONSUMER BANKING AND PRIVATE WEALTH MANAGEMENT
	Three Months Ended March 31
(Dollars in millions) (Unaudited)	2017			2016			% Change 4
Statements of Income:
Net interest income		$766			$719		7	%
FTE adjustment	—			—			—
Net interest income-FTE 1	766			719			7
Provision for credit losses 2	88			29			NM
Net interest income-FTE - after provision for credit losses 1	678			690			(2	)
Noninterest income before net securities gains/(losses)	350			356			(2	)
Net securities gains/(losses)	—			—			—
Total noninterest income	350			356			(2	)
Noninterest expense before amortization	796			740			8
Amortization	1			1			—
Total noninterest expense	797			741			8
Income-FTE - before provision for income taxes 1	231			305			(24	)
Provision for income taxes	85			113			(25	)
FTE adjustment	—			—			—
Net income including income attributable to noncontrolling interest	146			192			(24	)
Less: net income attributable to noncontrolling interest	—			—			—
Net income		$146			$192		(24	)%
Total revenue		$1,116			$1,075		4	%
Total revenue-FTE 1	1,116			1,075			4
Selected Average Balances:
Total loans		$44,074			$41,589		6	%
Goodwill	4,262			4,262			—
Other intangible assets excluding MSRs	9			16			(44	)
Total assets	49,794			47,285			5
Consumer and commercial deposits	98,871			93,238			6
Performance Ratios:
Efficiency ratio	71.46		%	68.93		%
Impact of FTE adjustment	—			—
Efficiency ratio-FTE 1	71.46			68.93
Impact of excluding amortization and associated funding cost of intangible assets	(1.41		)	(1.46		)
Tangible efficiency ratio-FTE 1, 3	70.05		%	67.47		%
Other Information (End of Period):
Trust and institutional managed assets		$41,623			$41,740		—	%
Retail brokerage managed assets	14,039			10,976			28
Total managed assets	55,662			52,716			6
Non-managed assets	94,357			91,496			3
Total assets under advisement		$150,019			$144,212		4	%

¹  Net interest income-FTE, income-FTE, total revenue-FTE, efficiency ratio-FTE, and tangible efficiency ratio-FTE 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 an FTE basis plus noninterest income.

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

³  A tangible efficiency ratio is presented, which excludes the amortization related to intangible assets and certain tax credits. The Company believes this measure is useful to investors because, by removing the impact of amortization (the level of which may vary from company to company), it allows investors to more easily compare this segment's efficiency to other business segments and companies in the industry. This measure is utilized by management to assess the efficiency of the Company and its lines of business.

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

23

SunTrust Banks, Inc. and Subsidiaries WHOLESALE BANKING
	Three Months Ended March 31
(Dollars in millions) (Unaudited)	2017			2016			% Change 4
Statements of Income:
Net interest income		$543			$495		10	%
FTE adjustment	34			35			(3	)
Net interest income-FTE 1	577			530			9
Provision for credit losses 2	31			82			(62	)
Net interest income-FTE - after provision for credit losses 1	546			448			22
Noninterest income before net securities gains/(losses)	403			313			29
Net securities gains/(losses)	—			—			—
Total noninterest income	403			313			29
Noninterest expense before amortization	469			402			17
Amortization	13			9			44
Total noninterest expense	482			411			17
Income-FTE - before provision for income taxes 1	467			350			33
Provision for income taxes	102			68			50
FTE adjustment	72			63			14
Net income including income attributable to noncontrolling interest	293			219			34
Less: net income attributable to noncontrolling interest	—			—			—
Net income		$293			$219		34	%
Total revenue		$946			$808		17	%
Total revenue-FTE 1	980			843			16
Selected Average Balances:
Total loans		$72,451			$70,773		2	%
Goodwill	2,076			2,075			—
Other intangible assets excluding MSRs	75			1			NM
Total assets	85,864			84,363			2
Consumer and commercial deposits	57,393			53,620			7
Performance Ratios:
Efficiency ratio	50.95		%	50.87		%
Impact of FTE adjustment	(1.79		)	(2.15		)
Efficiency ratio-FTE 1	49.16			48.72
Impact of excluding amortization and associated funding cost of intangible assets	(1.83		)	(1.72		)
Tangible efficiency ratio-FTE 1, 3	47.33		%	47.00		%

¹  Net interest income-FTE, income-FTE, total revenue-FTE, efficiency ratio-FTE, and tangible efficiency ratio-FTE 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 an FTE basis plus noninterest income.

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

³  A tangible efficiency ratio is presented, which excludes the amortization related to intangible assets and certain tax credits. The Company believes this measure is useful to investors because, by removing the impact of amortization (the level of which may vary from company to company), it allows investors to more easily compare this segment's efficiency to other business segments and companies in the industry. This measure is utilized by management to assess the efficiency of the Company and its lines of business.

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

24

SunTrust Banks, Inc. and Subsidiaries MORTGAGE BANKING
	Three Months Ended March 31
(Dollars in millions) (Unaudited)	2017			2016			% Change
Statements of Income:
Net interest income		$113			$120		(6	)%
FTE adjustment	—			—			—
Net interest income-FTE 1	113			120			(6	)
Provision/(benefit) for credit losses 2	—			(10		)	(100	)
Net interest income-FTE - after provision/(benefit) for credit losses 1	113			130			(13	)
Noninterest income before net securities gains/(losses)	115			126			(9	)
Net securities gains/(losses)	—			—			—
Total noninterest income	115			126			(9	)
Noninterest expense before amortization	184			174			6
Amortization	—			—			—
Total noninterest expense	184			174			6
Income-FTE - before provision for income taxes 1	44			82			(46	)
Provision for income taxes	13			30			(57	)
FTE adjustment	2			2			—
Net income including income attributable to noncontrolling interest	29			50			(42	)
Less: net income attributable to noncontrolling interest	—			—			—
Net income		$29			$50		(42	)%
Total revenue		$228			$246		(7	)%
Total revenue-FTE 1	228			246			(7	)
Selected Average Balances:
Total loans		$27,078			$25,946		4	%
Goodwill	—			—			—
Other intangible assets excluding MSRs	—			—			—
Total assets	31,475			29,203			8
Consumer and commercial deposits	2,543			2,311			10
Performance Ratios:
Efficiency ratio	80.70		%	71.05		%
Impact of FTE adjustment	—			—
Efficiency ratio-FTE 1	80.70			71.05
Impact of excluding amortization and associated funding cost of intangible assets	—			—
Tangible efficiency ratio-FTE 1, 3	80.70		%	71.05		%
Production Data:
Channel mix
Retail		$2,292			$2,251		2	%
Correspondent	3,199			2,701			18
Total production		$5,491			$4,952		11	%
Channel mix - percent
Retail	42		%	45		%
Correspondent	58			55
Total production	100		%	100		%
Purchase and refinance mix
Refinance		$2,532			$2,613		(3	)%
Purchase	2,959			2,339			27
Total production		$5,491			$4,952		11	%
Purchase and refinance mix - percent
Refinance	46		%	53		%
Purchase	54			47
Total production	100		%	100		%
Applications		$7,744			$9,205		(16	)%
Mortgage Servicing Data (End of Period):
Total loans serviced		$164,484			$148,941		10	%
Total loans serviced for others	135,633			121,277			12
Net carrying value of MSRs	1,645			1,182			39
Ratio of net carrying value of MSRs to total loans serviced for others	1.213		%	0.975		%

¹ Net interest income-FTE, income-FTE, total revenue-FTE, efficiency ratio-FTE, and tangible efficiency ratio-FTE 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 an FTE basis plus noninterest income.

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

³ A tangible efficiency ratio is presented, which excludes the amortization related to intangible assets and certain tax credits. The Company believes this measure is useful to investors because, by removing the impact of amortization (the level of which may vary from company to company), it allows investors to more easily compare this segment's efficiency to other business segments and companies in the industry. This measure is utilized by management to assess the efficiency of the Company and its lines of business.

25

SunTrust Banks, Inc. and Subsidiaries CORPORATE OTHER
	Three Months Ended March 31
(Dollars in millions) (Unaudited)	2017			2016			% Change 4
Statements of Income:
Net interest income/(expense) 1		($56	)		($52	)	(8	)%
FTE adjustment	—			1			(100	)
Net interest income/(expense)-FTE 2	(56		)	(51		)	(10	)
Provision for credit losses 3	—			—			—
Net interest income/(expense)-FTE - after provision for credit losses 2	(56		)	(51		)	(10	)
Noninterest income/(expense) before net securities gains/(losses)	(21		)	(14		)	(50	)
Net securities gains/(losses)	—			—			—
Total noninterest income/(expense)	(21		)	(14		)	(50	)
Noninterest expense/(income) before amortization	3			(8		)	NM
Amortization	(1		)	—			NM
Total noninterest expense/(income)	2			(8		)	NM
Income/(loss)-FTE - before benefit for income taxes 2	(79		)	(57		)	(39	)
Benefit for income taxes	(41		)	(16		)	NM
FTE adjustment	(40		)	(29		)	(38	)
Net income/(loss) including income attributable to noncontrolling interest	2			(12		)	NM
Less: net income attributable to noncontrolling interest	2			2			—
Net income/(loss)		$—			($14	)	100	%
Total revenue		($77	)		($66	)	(17	)%
Total revenue-FTE 2	(77		)	(65		)	(18	)
Selected Average Balances:
Total loans		$67			$64		5	%
Securities available for sale	30,837			27,272			13
Goodwill	—			—			—
Other intangible assets excluding MSRs	—			—			—
Total assets	37,119			32,163			15
Consumer and commercial deposits	67			60			12
Other Information (End of Period):
Duration of investment portfolio (in years)	4.8			4.1
Net interest income interest rate sensitivity:
% Change in net interest income under:
Instantaneous 200 basis point increase in rates over next 12 months	3.2		%	5.5		%
Instantaneous 100 basis point increase in rates over next 12 months	1.8		%	3.0		%
Instantaneous 25 basis point decrease in rates over next 12 months	(0.6		)%	(1.1		)%

¹  Net interest income/(expense) is driven by matched funds transfer pricing applied for segment reporting and actual net interest income.

²  Net interest income/(expense)-FTE, income/(loss)-FTE, and total revenue-FTE 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 an FTE basis plus noninterest income.

³  Provision for credit losses represents net charge-offs by segment combined with an allocation to the segments for the provision attributable to quarterly changes in the allowance for loan and lease losses and unfunded commitments reserve balances.

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

26

SunTrust Banks, Inc. and Subsidiaries

CONSOLIDATED SEGMENT TOTALS

	Three Months Ended March 31
(Dollars in millions) (Unaudited)	2017			2016			% Change 2
Statements of Income:
Net interest income		$1,366			$1,282		7	%
FTE adjustment	34			36			(6	)
Net interest income-FTE 1	1,400			1,318			6
Provision for credit losses	119			101			18
Net interest income-FTE - after provision for credit losses 1	1,281			1,217			5
Noninterest income before net securities gains/(losses)	847			781			8
Net securities gains/(losses)	—			—			—
Total noninterest income	847			781			8
Noninterest expense before amortization	1,452			1,308			11
Amortization	13			10			30
Total noninterest expense	1,465			1,318			11
Income-FTE - before provision for income taxes 1	663			680			(3	)
Provision for income taxes	159			195			(18	)
FTE adjustment	34			36			(6	)
Net income including income attributable to noncontrolling interest	470			449			5
Less: net income attributable to noncontrolling interest	2			2			—
Net income		$468			$447		5	%
Total revenue		$2,213			$2,063		7	%
Total revenue-FTE 1	2,247			2,099			7
Selected Average Balances:
Total loans		$143,670			$138,372		4	%
Goodwill	6,338			6,337			—
Other intangible assets excluding MSRs	84			17			NM
Total assets	204,252			193,014			6
Consumer and commercial deposits	158,874			149,229			6
Performance Ratios:
Efficiency ratio	66.20		%	63.89		%
Impact of FTE adjustment	(1.01		)	(1.08		)
Efficiency ratio-FTE 1	65.19			62.81
Impact of excluding amortization and associated funding cost of intangible assets	(0.59		)	(0.48		)
Tangible efficiency ratio-FTE 1	64.60		%	62.33		%

¹ Net interest income-FTE, income-FTE, total revenue-FTE, efficiency ratio-FTE, and tangible efficiency ratio-FTE 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. See Appendix A for additional information and reconcilements of non-U.S. GAAP performance measures.

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

27

EX-99.2

1Q 17 EARNINGS PRESENTATION April 21, 2017 © 2017 SunTrust Banks, Inc. SunTrust is a federally registered trademark of SunTrust Banks, Inc.

2 This presentation should be read in conjunction with the financial statements, notes and other information contained in the Company’s forthcoming Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. Non-GAAP Financial Measures 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 beginning on slide 24. In this presentation, consistent with Securities and Exchange Commission Industry Guide 3, the Company presents total revenue, net interest income, net interest margin, and efficiency ratios on a fully taxable equivalent (“FTE”) and annualized basis. The FTE basis adjusts for the tax-favored status of net interest income from certain loans and investments using a federal tax rate of 35% and state income taxes where applicable to increase tax-exempt interest income to a taxable-equivalent basis. 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-FTE plus noninterest income. The Company presents the following additional non-GAAP measures because many investors find them useful. Specifically: • The Company presents certain capital information on a tangible basis, including tangible common equity, the ratio of tangible common equity to tangible assets, and tangible book value per share. These measures exclude the after-tax impact of purchase accounting intangible assets. The Company believes these measures are 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. These measures are used by management to analyze capital adequacy of the Company. • Similarly, the Company presents an efficiency ratio-FTE and a tangible efficiency ratio-FTE. The efficiency ratio is computed by dividing noninterest expense by total revenue. Efficiency ratio-FTE is computed by dividing noninterest expense by total revenue-FTE. The tangible efficiency ratio-FTE excludes the amortization related to intangible assets and certain tax credits. The Company believes this measure is useful to investors because, by removing the impact of amortization (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 also utilized by management to assess the efficiency of the Company and its lines of business. • The Company presents the Basel III Common Equity Tier 1 (CET1) ratio on a fully-phased in basis. The fully phased-in ratio consider a 250% risk-weighting for MSRs and deduction from capital of certain carryforward DTAs, the overfunded pension asset, and other intangible assets. The Company believes this measure may be useful to investors who wish to understand the Company's current compliance with future regulatory requirements. This measure is used by management to analyze capital adequacy of the Company. Important Cautionary Statement about Forward-Looking Statements This presentation contains forward-looking statements. Statements regarding future levels of the net interest margin, deposit betas, noninterest expense, efficiency ratio, branches, net charge-offs, loan loss provision expense, ALLL ratio, and capital return 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,” “opportunity,” “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, 2016 and in other periodic reports that we file with the SEC. Those factors include: current and future legislation and regulation could require us to change our business practices, reduce revenue, impose additional costs, or otherwise adversely affect business operations or competitiveness; we are subject to stringent capital adequacy and liquidity requirements and our failure to meet these would adversely affect our financial condition; the monetary and fiscal policies of the federal government and its agencies could have a material adverse effect on our earnings; our financial results have been, and may continue to be, materially affected by general economic conditions, 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; changes in market interest rates or capital markets could adversely affect our revenue and expenses, the value of assets and obligations, and the availability and cost of capital and liquidity; our earnings may be affected by volatility in mortgage production and servicing revenues, and by changes in carrying values of our servicing assets and mortgages held for sale due to changes in interest rates; disruptions in our ability to access global capital markets may adversely affect our capital resources and liquidity; we are subject to credit risk; 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 rely on the mortgage secondary market and GSEs for some of our liquidity; loss of customer deposits could increase our funding costs; any reduction in our credit rating could increase the cost of our funding from the capital markets, we are subject to 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 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, or borrower fraud, and this could harm our liquidity, results of operations, and financial condition; we face risks as a servicer of loans; we are subject to risks related to delays in the foreclosure process; consumers and small businesses 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; negative public opinion could damage our reputation and adversely impact business and revenues; we may face more intense scrutiny of our sales training, and incentive compensation practices; we rely on other companies to provide key components of our business infrastructure; competition in the financial services industry is intense and we could lose business or suffer margin declines as a result; we continually encounter technological change and must effectively develop and implement new technology; maintaining or increasing market share depends on market acceptance and regulatory approval of new products and services; 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 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 framework for managing risks may not be effective in mitigating risk and loss to us; our controls and procedures may not prevent or detect all errors or acts of fraud; we are at risk of increased losses from fraud; 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; our accounting policies and processes are critical to how we report our financial condition and results of operation, and they require management to make estimates about matters that are uncertain; depressed market values for our stock and adverse economic conditions sustained over a period of time may require us to write down some portion of our goodwill; our financial instruments measured at fair value expose us to certain market risks; our stock price can be volatile; our ability to receive dividends from our subsidiaries or other investments could affect our liquidity and ability to pay dividends; we might not pay dividends on our stock; and certain banking laws and certain provisions of our articles of incorporation may have an anti-takeover effect. IMPORTANT CAUTIONARY STATEMENT

3 1. 1Q 17 included $0.04 related to discrete benefits; excluding these benefits, EPS was $0.87 2. Basel III CET1 ratio (transitional) is 9.7%. Please refer to slide 24 of the appendix for Basel III CET1 (transitional) to Basel III CET1 (fully phased-In) reconciliation 1Q 17 EARNINGS OVERVIEW Prior Quarter Variance • EPS increased $0.01 → 1Q 17 included $0.04 of tax benefits; excluding this, EPS decreased $0.031, given typical seasonal patterns → 3% revenue growth offset by seasonally higher expenses Prior Year Variance • EPS increased $0.07 → When adjusting for the $0.04 of tax benefits in 1Q 17, EPS increased 4%1 → Driven by strong revenue momentum as a result of ongoing investments in growth and diverse business model EPS Trends Profitability • Revenue up 3% → $23 million increase in net interest income driven by NIM expansion and 1% average earning asset growth → $45 million increase in investment banking income (record quarter) → $8 million increase in mortgage- related income Balance Sheet • Net interest margin improved by 9 bps • Average performing loans up 1% • Average client deposits up 1% Credit & Capital • Asset quality remains strong → NCO ratio declined 6 bps to 0.32% → NPL ratio declined 4 bps to 0.55% → ALLL ratio stable • 9.5% Basel III CET1 ratio (fully phased- in)1 → Repurchased $414 million of common stock in 1Q 17 Key Highlights All changes reflect sequential (4Q 16 to 1Q 17) trends, unless otherwise noted $0.84 $0.94 $0.91 $0.90 $0.91 1Q 16 2Q 16 3Q 16 4Q 16 1Q 17

4 NET INTEREST INCOME1 Net interest income up 2% sequentially and 6% YoY, driven by balance sheet growth and NIM expansion Prior Quarter Variance • Net interest margin (FTE) increased 9 bps, driven by: → Steeper yield curve (higher securities / fixed- rate loan yields) (~4 bps) → Fewer days in the quarter (~3 bps) → Net effect of increases in short-term rates (~2 bps)3 • Net interest income (FTE) increased $23 million, or 2%, as a result of NIM improvement and 1% growth in average earning assets, partially offset by 2 fewer days in the quarter Prior Year Variance • Net interest margin (FTE) increased 5 bps, driven by the same factors impacting the sequential increase in addition to ongoing positive mix shift in the loan portfolio • Net interest income (FTE) increased $82 million, or 6%, driven by NIM expansion and 5% growth in average earning assets 1. On this slide, net interest income is reported on an unadjusted and fully taxable-equivalent (“FTE”) basis. The FTE basis adjusts for the tax-favored status of income from certain loans and investments. SunTrust believes this measure to be the preferred industry measurement of net interest income and provides relevant comparison between taxable and non-taxable amounts. Net interest margin is calculated as net interest income (FTE) divided by average earning assets (on an annualized basis) 2. Please refer to slide 23 for a reconciliation of net interest income to net interest income (FTE) 3. Includes impact of contractual changes in short-term indices (LIBOR, Prime) net of increases in deposit costs 2 $1,282 $1,288 $1,308 $1,343 $1,366 $1,318 $1,323 $1,342 $1,377 $1,400 3.04% 2.99% 2.96% 3.00% 3.09% 1Q 16 2Q 16 3Q 16 4Q 16 1Q 17 Net Interest Income Net Interest Income (FTE) NIM (FTE) ($ in millions)

5 NONINTEREST INCOME Prior Quarter Variance • Noninterest income increased $32 million, or 4%, as a result of: → Record performance for investment banking, $45 million increase o Driven by syndicated finance and M&A → $8 million increase in mortgage-related income o Growth of servicing portfolio diversifies revenue mix and reduces volatility of mortgage-related income • Note: new income statement line item ‘commercial real estate related income’ is comprised of noninterest income from Pillar/Cohen (“Pillar”)1, SunTrust Community Capital (STCC), and Structured Real Estate → Sequential decline due to seasonal variability of STCC (activity typically higher in 4Q) Prior Year Variance • Noninterest income increased $66 million, or 8%, due to the $69 million increase in investment banking income $781 $898 $889 $815 $847 1Q 16 2Q 16 3Q 16 4Q 16 1Q 17 Noninterest income up 4% QoQ and 8% YoY as a result of diverse business mix and investments in growth ($ in millions) 1. “Pillar” refers to Pillar Financial, LLC and Cohen Financial Services, LLC (a wholly owned subsidiary of Pillar Financial, LLC)

6 NONINTEREST EXPENSE Prior Quarter Variance • Noninterest expense up 5% → Driven entirely by a $90 million increase in personnel costs as a result of: o Typical seasonality related to employee benefits costs (FICA, 401k) o Incremental compensation costs associated with the acquisition of Pillar1 → Other noninterest expense includes ~$19 million of costs associated with ongoing efficiency initiatives (branch closures, severance) Prior Year Variance • Noninterest expense up 11%, driven by: → Higher compensation costs as a result of strong revenue growth, ongoing investments in talent, and higher stock price → Higher FDIC premium and net occupancy costs, which increased in 3Q 16 $1,318 $1,345 $1,409 $1,397 $1,465 1Q 16 2Q 16 3Q 16 4Q 16 1Q 17 Seasonality and strong revenue growth drive increase in expenses 1. “Pillar” refers to Pillar Financial, LLC and Cohen Financial Services, LLC (a wholly owned subsidiary of Pillar Financial, LLC) ($ in millions)

7 71.5% 66.9% 65.3% 63.3% 62.6% 62.0% 61%- 62% <60% 72.0% 67.4% 65.6% 63.7% 63.1% 62.6% 2011 2012 2013 2014 2015 2016 1Q efficiency higher than 4Q due to typical seasonality; remain on track to achieve targets 1. The efficiency ratio and tangible efficiency ratios are reported on fully taxable-equivalent (“FTE”) basis. The FTE basis adjusts net interest income for the tax-favored status of income from certain loans and investments. Unadjusted net interest income can be found on slide 4 2. 2011, 2012, 2013, and 2014 values represent the adjusted efficiency ratio and adjusted tangible efficiency ratio. Adjusted figures are intended to provide management and investors information on trends that are more comparable across periods and potentially more comparable across institutions. Please refer to slide 23 of the appendix for reconciliations related to the efficiency ratio 2019 TER Target EFFICIENCY RATIO & TANGIBLE EFFICIENCY RATIO1 2 2 2 2 2017 TER Target 62.3% 60.1% 62.5% 63.1% 64.6% 62.8% 60.6% 63.1% 63.7% 65.2% 1Q 16 2Q 16 3Q 16 4Q 16 1Q 17 Tangible Efficiency Ratio (TER) Efficiency Ratio

8 CREDIT QUALITY  ALLL remains relatively stable; provision expense approximates net charge-offs Overall asset quality remains strong; NCOs and NPLs improve ($ in millions)  NPLs decline, driven by the resolution of problem energy credits  NCO ratio improves; energy losses abating Nonperforming Loans Net Charge-offs Provision for Credit Losses Allowance for Loan and Lease Losses $975 $944 $949 $845 $789 0.70% 0.67% 0.67% 0.59% 0.55% 1Q 16 2Q 16 3Q 16 4Q 16 1Q 17 NPLs Total NPL Ratio $85 $137 $126 $136 $112 0.25% 0.39% 0.35% 0.38% 0.32% 1Q 16 2Q 16 3Q 16 4Q 16 1Q 17 NCOs Total NCO Ratio (annualized) $101 $146 $97 $101 $119 1Q 16 2Q 16 3Q 16 4Q 16 1Q 17 $1,770 $1,774 $1,743 $1,709 $1,714 1.27% 1.25% 1.23% 1.19% 1.20% 1Q 16 2Q 16 3Q 16 4Q 16 1Q 17 ALLL ALLL Ratio

9 LOANS Average performing loans up 1% sequentially and 4% YoY ($ in billions, average balances) Note: Totals may not foot due to rounding Prior Quarter Variance • Average performing loans up 1% as a result of growth in C&I and consumer • Period-end loans stable → Driven primarily by decline in home equity and C&I, offset by continued consumer lending growth Prior Year Variance • Average performing loans increased $5.2 billion, or 4%, as a result of growth across most loan categories • Positive mix shift continues, driven by ongoing investments in LightStream, credit card, and third- party partnerships → Consumer loans up 16% → Commercial loans up 2% $76.4 $77.6 $77.1 $77.4 $78.2 $38.6 $38.8 $39.0 $38.8 $38.3 $22.7 $23.9 $25.2 $25.5 $26.3 $137.6 $140.3 $141.3 $141.7 $142.8 1Q 16 2Q 16 3Q 16 4Q 16 1Q 17 Commercial Residential Consumer

10 DEPOSITS Average client deposits up 6% YoY ($ in billions, average balances) Prior Quarter Variance • Average client deposits up 1% • Period-end balances up 2% as a result of seasonal increases in retail deposits • Interest-bearing deposit costs increased 4 bps Prior Year Variance • Average client deposits up 6%, reflects ongoing investments in talent and focus on expanding and strengthening client relationships across the Company → CPWM average deposits up 6% → Wholesale Banking average deposits up 7% $53.1 $53.2 $54.5 $54.4 $54.9 $42.1 $43.0 $43.6 $44.8 $43.1 $38.0 $41.7 $41.2 $42.9 $44.7 $9.9 $9.9 $9.7 $9.6 $9.7 $6.2 $6.4 $6.3 $6.3 $6.4 $149.2 $154.2 $155.3 $158.0 $158.9 1Q 16 2Q 16 3Q 16 4Q 16 1Q 17 Money Market DDA (Nonint bearing) NOW Time Savings Note: Totals may not foot due to rounding

11 CAPITAL POSITION ($ in billions, except per-share data) Total Equity & Tangible Common Equity Ratios2 Basel III Common Equity Tier 1 (fully phased-in)1 Book Value / Tangible Book Value Per Share3 1. Current quarter amounts are estimated at the time of the earnings release and subject to revision. Please refer to slide 24 of the appendix for additional details on the current quarter’s calculation 2. Please refer to slide 25 of the appendix for a reconcilement of total equity to tangible common equity and total assets to tangible assets 3. Please refer to slide 25 of the appendix for a reconcilement of book value per share to tangible book value per share 12.3% 12.1% 12.1% 11.8% 11.6% 8.9% 8.8% 8.6% 8.2% 8.1% 1Q 16 2Q 16 3Q 16 4Q 16 1Q 17 Avg. Equity/Avg. Assets Tangible Common Equity/Tangible Assets $44.97 $46.14 $46.63 $45.38 $45.62 $32.90 $33.98 $34.34 $32.95 $33.06 1Q 16 2Q 16 3Q 16 4Q 16 1Q 17 Book Value Per Share Tangible Book Value Per Share $16.5 $16.7 $16.8 $16.9 $16.8 9.9% 9.8% 9.8% 9.6% 9.7% 9.8% 9.7% 9.7% 9.4% 9.5% 0 0 0 0 0 0 0 1Q 16 2Q 16 3Q 16 4Q 16 1Q 17 Basel III CET1 ratio Basel III fully phased-in CET1 ratio

12 CONSUMER BANKING & PWM HIGHLIGHTS 1. Please refer to page 23 of the earnings press release for a reconciliation of efficiency ratio to tangible efficiency ratio Continued loan, deposit, and revenue momentum ($ in millions) 1Q 16 4Q 16 1Q 17 %Δ Prior Qtr %Δ Prior Yr Net Interest Income $719 $754 $766 2 % 7 % Noninterest Income 356 365 350 (4)% (2)% Total Revenue 1,075 1,119 1,116 (0)% 4 % Provision for Credit Losses 29 78 88 13 % NM Noninterest Expense 741 761 797 5 % 8 % Net Income $192 $177 $146 (18)% (24)% Key Statistics ($ in billions) Total Loans (average) $41.6 $43.4 $44.1 2 % 6 % Client Deposits (average) $93.2 $97.3 $98.9 2 % 6 % Managed Assets $52.7 $53.2 $55.7 5 % 6 % Efficiency Ratio 68.9% 68.0% 71.5% Tangible Efficiency Ratio¹ 67.5% 66.7% 70.1% • Noninterest income down 4% as a result of seasonal declines in service charges and card fees • Noninterest expense increased $36 million driven by: → Seasonal increases in personnel costs → Increased branch closure costs → ~$15 million non-recurring benefit recognized in 4Q 16 as a result of contract renegotiations with a key vendor • Net income decreased $31 million driven by higher expenses and a higher provision expense due to loan growth Prior Quarter Variance • Net interest income up 7% as a result of strong balance sheet growth and NIM expansion (average loans and deposits up 6%) • Noninterest income down 2% as a result of posting order changes implemented in 4Q 16 • Increase in noninterest expense driven by investments in technology/ marketing, and branch closure costs → Enhanced digital capabilities introduced in 1Q 17 → Branch count down 6% • Provision expense higher due to home equity-related reserve release in prior year • Managed assets up 6%, reflecting successful, strategic growth of retail asset management product Prior Year Variance

13 WHOLESALE BANKING HIGHLIGHTS 1. Please refer to page 24 of the earnings press release for a reconciliation of efficiency ratio to tangible efficiency ratio 2. Refers to Pillar Financial, LLC and Cohen Financial Services, LLC (a wholly owned subsidiary of Pillar Financial, LLC) Continued success in expanding and deepening client relationships drives record revenue • Net income stable as 6% revenue growth was offset by seasonal increases in noninterest expense • Record investment banking performance drove a 11% increase in noninterest income → Driven by broad-based growth across most client segments; successfully meeting more client needs across the platform → Record quarter for syndicated finance and M&A • Net interest income (FTE) up 2% driven by NIM expansion and loan growth Prior Quarter Variance • Net income increased $74 million, or 34%, driven by: → Strong revenue growth, up 16%, as a result of growth in investment banking, increased net interest income, and acquisition of Pillar2 → $51 million decrease in provision expense; energy losses abating • Noninterest expense up 17% as a result of: → Higher compensation tied to improved business and stock price performance → Ongoing investments in technology to enhance teammate effectiveness and improve the client experience → Pillar2 (acquired 4Q 16) Prior Year Variance ($ in millions) 1Q 16 4Q 16 1Q 17 %Δ Prior Qtr %Δ Prior Yr Net Interest Income (FTE) $530 $566 $577 2 % 9 % Noninterest Income 313 362 403 11 % 29 % Total Revenue (FTE) 843 928 980 6 % 16 % Provision/(Benefit) for Credit Losses 82 19 31 63 % (62)% Noninterest Expense 411 440 482 10 % 17 % Net Income $219 $294 $293 (0)% 34 % Key Statistics ($ in billions) Total Loans (average) $70.8 $71.9 $72.5 1 % 2 % Client Deposits (average) $53.6 $57.5 $57.4 (0)% 7 % Efficiency Ratio (FTE)¹ 48.7% 47.4% 49.2% Tangible Efficiency Ratio (FTE)¹ 47.0% 45.4% 47.3%

14 MORTGAGE BANKING HIGHLIGHTS Sequential revenue growth reflects diversity within business; servicing offsets declines in production • Total revenue up 1%, due entirely to a $10 million increase in noninterest income → Servicing income up $33 million, driven by lower decay expense and 5% increase in servicing portfolio (primarily driven by recent acquisitions) → Partially offset by $25 million decrease in production income as a result of lower refinancing activity • Net income up $4 million as a result of 1% revenue growth Prior Quarter Variance • Total revenue down 7%, driven by: → $7 million decline in net interest income as a result of lower loan spreads → $7 million decline in production income as a result of lower refinancing activity • Net income down $21 million as a result of lower revenue, larger reserve release in 1Q 16, and higher expenses Prior Year Variance ($ in millions) 1Q 16 4Q 16 1Q 17 %Δ Prior Qtr %Δ Prior Yr Net Interest Income $120 $121 $113 (7)% (6)% Noninterest Income 126 105 115 10 % (9)% Total Revenue 246 226 228 1 % (7)% Provision/(Benefit) for Credit Losses (10) 4 0 NM NM Noninterest Expense 174 187 184 (2)% 6 % Net Income $50 $25 $29 16 % (42)% Key Statistics ($ in billions) Servicing Portfolio for Others (EOP) $121.3 $129.6 $135.6 5 % 12 % Production Volume $5.0 $8.7 $5.5 (37)% 11 % Application Volume $9.2 $8.3 $7.7 (7)% (16)% Efficiency Ratio 71.1% 82.6% 80.7%

15 EXECUTING AGAINST OUR STRATEGIES: WELL POSITIONED FOR FUTURE SUCCESS • 5 bp YoY and 9 bp QoQ increase in NIM • On track to achieve efficiency ratio targets → 2017 TER: 61-62% → 2019 TER: <60% • 6% YoY reduction in branch count (on track to remove additional 3% by 6/30/17) Improving Efficiency & Returns • Repurchased $414 million of common stock in 1Q 17 • Strong capital position affords opportunity to further increase dividends and share buybacks → Continue to adhere to disciplined underwriting standards in order to drive strong CCAR performance and through-the-cycle returns • 9.5% Basel III CET1 ratio (fully phased-in)3 Strong Capital Position Investment Thesis Strong & Diverse Franchise; Investing in Growth • 7% revenue growth driven by: → 6% increase in net interest income (FTE) as a result of broad-based loan and deposit growth, continued balance sheet optimization efforts, and improved rate environment → Continued momentum in capital markets (record quarter for investment banking income) → Consistent growth in consumer lending (average balances up 16%) → Recent acquisition of Pillar2 1Q 17 Accomplishments1 1. Figures refer to the YoY change of 1Q 16 vs. 1Q 17 unless otherwise noted 2. Refers to Pillar Financial, LLC and Cohen Financial Services, LLC (a wholly owned subsidiary of Pillar Financial, LLC) 3. Basel III CET1 ratio (transitional) is 9.7%. Please refer to slide 24 of the appendix for Common Equity Tier 1 (Basel III Transitional) to Common Equity Tier 1 (Basel III Fully Phased-In) reconciliation

APPENDIX

17 5-QUARTER FINANCIAL HIGHLIGHTS 1. Please refer to slide 23 of the appendix for the GAAP reconciliations 2. Please refer to slide 24 of the appendix for Common Equity Tier 1 (Basel III Transitional) to Common Equity Tier 1 (Basel III Fully Phased-In) reconciliation 3. Please refer to slide 25 of the appendix for a reconcilement to book value per share 1Q 16 2Q 16 3Q 16 4Q 16 1Q 17 EPS (diluted) $0.84 $0.94 $0.91 $0.90 $0.91 Efficiency Ratio (FTE) 62.8% 60.6% 63.1% 63.7% 65.2% Tangible Efficiency Ratio (FTE)1 62.3% 60.1% 62.5% 63.1% 64.6% Net Interest Margin (FTE) 3.04% 2.99% 2.96% 3.00% 3.09% Return on Average Assets 0.93% 1.00% 0.94% 0.91% 0.93% Average Performing Loans ($ in billions) $137.6 $140.3 $141.3 $141.7 $142.8 Average Client Deposits ($ in billions) $149.2 $154.2 $155.3 $158.0 $158.9 NPL Ratio 0.70% 0.67% 0.67% 0.59% 0.55% NCO Ratio 0.25% 0.39% 0.35% 0.38% 0.32% ALLL Ratio 1.27% 1.25% 1.23% 1.19% 1.20% Basel III Common Equity Tier 1 Ratio (transitional) 9.9% 9.8% 9.8% 9.6% 9.7% Basel III Common Equity Tier 1 Ratio (fully phased-in)2 9.8% 9.7% 9.7% 9.4% 9.5% Book Value Per Share $44.97 $46.14 $46.63 $45.38 $45.62 Tangible Book Value Per Share3 $32.90 $33.98 $34.34 $32.95 $33.06 Balance Sheet Credit & Capital Profitability

18 MORTGAGE SERVICING INCOME: SUPPLEMENTAL INFORMATION 1. Includes contractually specified servicing fees, late charges, interest curtailment expense, 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 MSR 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 asset Note: Totals may not foot due to rounding ($ in millions) 1Q 16 2Q 16 3Q 16 4Q 16 1Q 17 Servicing Fees1 $86 $91 $93 $93 $100 ($40) ($55) ($60) ($69) ($50) Net MSR Fair Value and Hedge Activity3 $16 $15 $16 $1 $7 Mortgage Servicing Income $62 $52 $49 $25 $58 Memo: Total Loans Serviced for Others (average balance) $120,814 $123,629 $124,729 $126,765 $134,444 Annualized Servicing Fees / Average Loans Serviced for Others (bps) 29 30 30 29 30 Changes in MSR Value from Collection/Realization of Cash Flow (Decay)2

19 Memo: 30-89 Accruing Delinquencies 1Q 16 2Q 16 3Q 16 4Q 16 1Q 17 1Q 17 Loan Balance ($B) Commercial & industrial 0.16% 0.05% 0.05% 0.05% 0.05% $69.0 Commercial real estate 0.06% 0.03% 0.04% 0.02% 0.03% 5.1 Commercial construction 0.00% 0.00% 0.00% 0.00% 0.00% 4.2 Total Commercial Loans 0.15% 0.04% 0.05% 0.05% 0.04% $78.3 Residential mortgages – guaranteed - - - - - $0.5 Residential mortgages – nonguaranteed 0.35% 0.31% 0.29% 0.32% 0.26% 26.1 Home equity products 0.59% 0.64% 0.63% 0.68% 0.63% 11.5 Residential construction 0.46% 0.11% 0.29% 0.64% 0.33% 0.4 Total Residential Loans¹ 0.43% 0.41% 0.40% 0.44% 0.37% $38.6 Guaranteed student loans - - - - - $6.4 Other direct 0.41% 0.33% 0.38% 0.43% 0.39% 7.9 Indirect 0.73% 0.79% 0.99% 1.18% 0.83% 11.1 Credit cards 0.71% 0.70% 0.77% 0.83% 0.74% 1.4 Total Consumer Loans² 0.62% 0.62% 0.74% 0.86% 0.65% $26.7 Total SunTrust - excl. gov.-guaranteed delinquencies³ 0.29% 0.23% 0.25% 0.27% 0.22% $136.6 Impact of excluding gov.-guaranteed delinquencies 0.38% 0.35% 0.39% 0.45% 0.50% 6.9 Total SunTrust - incl. gov.-guaranteed delinquencies4 0.67% 0.58% 0.64% 0.72% 0.72% $143.5 30-89 DAY DELINQUENCIES BY LOAN CLASS 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

20 NONPERFORMING LOANS BY LOAN CLASS Note: Totals may not foot due to rounding Memo: Nonperforming Loans ($ in millions) 1Q 16 2Q 16 3Q 16 4Q 16 1Q 17 1Q 17 Loan Balance ($B) Commercial & industrial $565 $491 $501 $390 $328 $69.0 Commercial real estate 10 10 10 7 6 5.1 Commercial construction 2 2 2 17 18 4.2 Total Commercial Loans $577 $503 $513 $414 $352 $78.3 Residential mortgages – guaranteed - - - - - $0.5 Residential mortgages – nonguaranteed 198 194 183 177 179 26.1 Home equity products 180 226 235 235 237 11.5 Residential construction 12 13 11 12 12 0.4 Total Residential Loans $390 $433 $429 $424 $428 $38.6 Guaranteed student loans - - - - - $6.4 Other direct 5 5 5 6 5 7.9 Indirect 3 4 2 1 4 11.1 Credit cards - - - - - 1.4 Total Consumer Loans $8 $8 $7 $7 $9 $26.7 Total SunTrust $975 $944 $949 $845 $789 $143.5 NPLs / Total Loans 0.70% 0.67% 0.67% 0.59% 0.55%

21 NET CHARGE-OFF RATIOS BY LOAN CLASS Note: Totals may not foot due to rounding Memo: Net Charge-off Ratio (annualized) 1Q 16 2Q 16 3Q 16 4Q 16 1Q 17 1Q 17 Loan Balance ($B) Commercial & industrial 0.14 % 0.52 % 0.41 % 0.35 % 0.29 % $69.0 Commercial real estate (0.10)% (0.01)% 0.01 % (0.01)% (0.02)% 5.1 Commercial construction (0.04)% (0.00)% (0.01)% 0.88 % (0.02)% 4.2 Total Commercial Loans 0.12 % 0.46 % 0.37 % 0.35 % 0.26 % $78.3 Residential mortgages – guaranteed - - - - - $0.5 Residential mortgages – nonguaranteed 0.27 % 0.20 % 0.17 % 0.23 % 0.17 % 26.1 Home equity products 0.55 % 0.36 % 0.31 % 0.37 % 0.35 % 11.5 Residential construction 0.24 % 0.07 % 0.11 % (0.50)% (0.34)% 0.4 Total Residential Loans 0.36 % 0.24 % 0.21 % 0.26 % 0.22 % $38.6 Guaranteed student loans - - - - - $6.4 Other direct 0.46 % 0.45 % 0.51 % 0.61 % 0.61 % 7.9 Indirect 0.56 % 0.34 % 0.62 % 0.81 % 0.78 % 11.1 Credit cards 2.30 % 2.48 % 2.20 % 2.32 % 2.61 % 1.4 Total Consumer Loans 0.49 % 0.39 % 0.52 % 0.64 % 0.64 % $26.7 Total SunTrust 0.25 % 0.39 % 0.35 % 0.38 % 0.32 % $143.5

22 NET CHARGE-OFFS BY LOAN CLASS Note: Totals may not foot due to rounding Memo: Net Charge-offs ($ in millions) 1Q 16 2Q 16 3Q 16 4Q 16 1Q 17 1Q 17 Loan Balance ($B) Commercial & industrial $24 $90 $71 $60 $50 $69.0 Commercial real estate (2) - - - - 5.1 Commercial construction - - - 9 - 4.2 Total Commercial Loans $22 $90 $71 $69 $50 $78.3 Residential mortgages – guaranteed - - - - - $0.5 Residential mortgages – nonguaranteed 16 12 11 15 10 26.1 Home equity products 18 11 10 11 10 11.5 Residential construction - - - - - 0.4 Total Residential Loans $35 $24 $21 $26 $20 $38.6 Guaranteed student loans - - - - - $6.4 Other direct 7 7 9 12 12 7.9 Indirect 14 9 17 21 21 11.1 Credit cards 6 7 7 8 9 1.4 Total Consumer Loans $28 $23 $34 $41 $42 $26.7 Total SunTrust $85 $137 $126 $136 $112 $143.5

23 1Q 16 2Q 16 3Q 16 4Q 16 1Q 17 2011 2012 2013 2014 2015 2016 Reported (GAAP) Basis Net Interest Income 1,282 1,288 1,308 1,343 1,366 5,065 5,102 4,853 4,840 4,764 5,221 Noninterest Income 781 898 889 815 847 3,421 5,373 3,214 3,323 3,268 3,383 Revenue 2,063 2,186 2,197 2,158 2,213 8,486 10,475 8,067 8,163 8,032 8,604 Noninterest Expense¹ 1,318 1,345 1,409 1,397 1,465 6,194 6,284 5,831 5,543 5,160 5,468 Efficiency Ratio 63.9% 61.5% 64.1% 64.7% 66.2% 73.0% 60.0% 72.3% 67.9% 64.2% 63.6% Reconciliation: Net Interest Income 1,282 1,288 1,308 1,343 1,366 5,065 5,102 4,853 4,840 4,764 5,221 FTE Adjustment 36 35 34 34 34 114 123 127 142 142 138 Net Interest Income-FTE 1,318 1,323 1,342 1,377 1,400 5,179 5,225 4,980 4,982 4,906 5,359 Noninterest Income 781 898 889 815 847 3,421 5,373 3,214 3,323 3,268 3,383 Revenue-FTE 2,099 2,221 2,231 2,192 2,247 8,600 10,598 8,194 8,305 8,174 8,742 Efficiency Ratio-FTE 62.8% 60.6% 63.1% 63.7% 65.2% 72.0% 59.3% 71.2% 66.7% 63.1% 62.6% Adjustment Items (Noninterest Income): 3Q-4Q 12 student / Ginnie Mae loan sale (losses) (92) Securities gain related to the sale of Coca Cola stock 1,938 Pre-tax mortgage repurchase provision related to loans sold to GSEs prior to 2009 (371) GSE mortgage repurchase settlements (63) RidgeWorth sale 105 Adjusted Noninterest Income 781 898 889 815 847 3,421 3,898 3,277 3,218 3,268 3,383 Adjusted Revenue-FTE² 2,099 2,221 2,231 2,192 2,247 8,600 9,123 8,257 8,200 8,174 8,742 Noninterest Expense¹ 1,318 1,345 1,409 1,397 1,465 6,194 6,284 5,831 5,543 5,160 5,468 Adjustment Items (Noninterest Expense): Legacy affordable housing impairment 96 Charitable contribution of KO shares 38 Impact of certain legacy mortgage legal matters 323 324 Mortgage servicing advances allowance increase 96 Adjusted Noninterest Expense² 1,318 1,345 1,409 1,397 1,465 6,194 6,150 5,412 5,219 5,160 5,468 Amortization Expense 10 11 14 14 13 43 46 23 25 40 49 Adjusted Tangible Expenses² 1,308 1,334 1,395 1,383 1,452 6,151 6,104 5,389 5,194 5,120 5,419 Adjusted Efficiency Ratio-FTE³ 62.8% 60.6% 63.1% 63.7% 65.2% 72.0% 67.4% 65.6% 63.7% 63.1% 62.6% Adjusted Tangible Efficiency Ratio-FTE³ 62.3% 60.1% 62.5% 63.1% 64.6% 71.5% 66.9% 65.3% 63.3% 62.6% 62.0% RECONCILIATION: ADJUSTED EFFICIENCY RATIO (FTE) & ADJUSTED TANGIBLE EFFICIENCY RATIO (FTE) 1. In accordance with updated GAAP, amortization of affordable housing investments of $40 million, $39 million, and $49 million were reclassified and are now presented in provision for income taxes for the 2011, 2012, and 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 3. Represents adjusted noninterest expense / adjusted revenue – FTE. Adjusted tangible efficiency ratio excludes amortization expense, the impact of which is (0.48%), (0.50%), (0.63%), (0.64%), (0.58%), (0.50%), (0.50%), (0.28%), (0.30%), (0.49%), and (0.56%) for 1Q 16, 2Q 16, 3Q 16, 4Q 16, 1Q 17, 2011, 2012, 2013, 2014, 2015, and 2016, respectively Note: 2011, 2012, 2013, and 2014 values represent the adjusted efficiency ratio and adjusted tangible efficiency ratio, 1Q 16, 2Q 16, 3Q 16, 4Q 16, 1Q 17, 2015 and 2016 represent reported efficiency ratio and reported tangible efficiency ratio

24 RECONCILIATION: COMMON EQUITY TIER 1 RATIO1 1. The Common Equity Tier 1 ratio is subject to certain phase-in requirements under Basel III beginning in 2015, and as such we have presented a reconciliation of the Common Equity Tier 1 ratio as calculated considering the phase-in requirements (Common Equity Tier 1 – Transitional) to the fully phased-in ratio. All figures are estimated at the time of the earnings release and subject to revision 2. Primarily includes the phase-out from capital of certain DTAs, the overfunded pension asset, and other intangible assets 3. Primarily relates to the increased risk weight to be applied to mortgage servicing assets on a fully phased-in basis Note: Totals may not foot due to rounding 1Q 17 Common Equity Tier 1 – Transitional $16.8 Adjustments2 (0.0) Common Equity Tier 1 – Fully phased-in $16.8 Risk-weighted Assets: Common Equity Tier 1 – Transitional $173.8 Adjustments3 2.6 Risk-weighted Assets: Common Equity Tier 1 – Fully phased-in $176.4 Common Equity Tier 1 – Transitional 9.7% Common Equity Tier 1 – Fully phased-in 9.5% ($ in billions)

25 RECONCILIATION: NON-GAAP MEASURES Note: Totals may not foot due to rounding 1Q 16 2Q 16 3Q 16 4Q 16 1Q 17 Total Shareholders' Equity $24.1 $24.5 $24.4 $23.6 $23.5 Goodwill, Net of Deferred Taxes (6.1) (6.1) (6.1) (6.1) (6.1) Other Intangible Assets Including MSRs, Net of Deferred Taxes (1.2) (1.1) (1.1) (1.7) (1.7) MSRs 1.2 1.1 1.1 1.6 1.7 Tangible Equity $18.0 $18.4 $18.4 $17.5 $17.4 Noncontrolling Interest (0.1) (0.1) (0.1) (0.1) (0.1) Preferred Stock (1.2) (1.2) (1.2) (1.2) (1.2) Tangible Common Equity $16.6 $17.0 $17.0 $16.2 $16.1 Total Assets 194.2 198.9 205.1 204.9 205.6 Goodwill (6.3) (6.3) (6.3) (6.3) (6.3) Other Intangible Assets Including MSRs, Net of Deferred Taxes (1.2) (1.1) (1.1) (1.7) (1.7) MSRs 1.2 1.1 1.1 1.6 1.7 Tangible Assets $187.8 $192.5 $198.7 $198.5 $199.3 Average Equity / Average Assets 12.3% 12.1% 12.1% 11.8% 11.6% Total Equity / Total Assets 12.4% 12.3% 11.9% 11.5% 11.4% Tangible Equity / Tangible Assets 9.6% 9.5% 9.2% 8.8% 8.7% Tangible Common Equity / Tangible Assets 8.9% 8.8% 8.6% 8.2% 8.1% Book Value Per Common Share $44.97 $46.14 $46.63 $45.38 $45.62 Tangible Book Value Per Common Share $32.90 $33.98 $34.34 $32.95 $33.06 ($ in billions, except per-share data)