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)     June 28, 2018

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)	(IRS Employer Identification No.)

303 Peachtree St., 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)

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))

Indicate by check mark whether the registrant is an emerging growth company 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.         ¨

Item 8.01 Other Events.

On June 28, 2018, SunTrust Banks, Inc. (the "Company") announced that the Federal Reserve Board has completed its review of the Company's capital plan submitted in connection with the 2018 Comprehensive Capital Analysis and Review and had no objections to the Company's planned capital actions. The Company issued a news release to this effect, which also discloses the Company's planned capital actions.

A copy of the news release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1.    News Release, dated June 28, 2018.

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: June 28, 2018	By:	/s/ Curt Phillips
		Curt Phillips, Group Vice President, Associate
		General Counsel and Assistant Corporate Secretary

EX-99.1

News Release Contact: Investors Media Ankur Vyas Mike McCoy (404) 827-6714 (404) 588-7230 For Immediate Release June 28, 2018 SunTrust to Increase Quarterly Common Stock Dividend and Share Repurchase Program ATLANTA -- SunTrust Banks, Inc. (NYSE: STI and the “Company”) announced today that the Federal Reserve Board has completed its review of the Company’s capital plan submitted in connection with the 2018 Comprehensive Capital Analysis and Review (CCAR) and has no objections to the Company’s planned capital actions. The capital actions, subject to the approval of SunTrust’s Board of Directors and anticipated to cover four quarters, include: • A 25% increase in the quarterly common stock dividend from $0.40 per share to $0.50 per share, beginning in the third quarter of 2018; • Authorization to repurchase $2.0 billion of outstanding common stock between July 1, 2018 and June 30, 2019 (a 52% increase compared to the previous authorization); • Maintaining dividend payments on the Company’s preferred stock. “This represents the seventh consecutive year in which our owners will benefit from an increase in capital returns. The 39% increase in total capital returns is enabled by our strong capital position, improved risk profile, and continued growth in earnings,” said William H. Rogers, Jr., chairman and CEO of SunTrust Banks, Inc. “This performance, coupled with the momentum we have in growing revenue and improving profitability, continues to generate long-term value for our owners, teammates, clients, and communities.” 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. SunTrust leads onUp, a national movement inspiring Americans to build financial confidence. Headquartered in Atlanta, the Company has two business segments: Consumer and Wholesale. 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, 2018, SunTrust had total assets of $205 billion and total deposits of $162 billion. The Company provides deposit, credit, trust, investment, mortgage, asset management, securities brokerage, and capital market services. Learn more at suntrust.com.