Exhibit 12.1

SunTrust Banks, Inc.

Ratio of Earnings to Fixed Charges

and Preferred Stock Dividends

	For the Six Months Ended June 30						For the Year Ended December 31
(Dollars in millions)	2015			2014			2014			2013			2012			2011			2010
Ratio 1 - Including interest on deposits
Earnings:
Income before income taxes1	$	1,305		$	1,102		$	2,267		$	1,666		$	2,770		$	766		$	48
Fixed charges		305			313			633			626			849			1,189			1,562
Total earnings	$	1,610		$	1,415		$	2,900		$	2,292		$	3,619		$	1,955		$	1,610
Fixed charges:
Interest on deposits	$	110		$	126		$	235		$	291		$	429		$	624		$	860
Interest on funds purchased and securities sold under agreements to repurchase		3			2			4			4			4			5			6
Interest on other short-term borrowings		2			7			14			13			18			12			13
Interest on trading liabilities		11			10			21			17			15			26			30
Interest on long-term debt		136			124			270			210			299			449			580
Portion of rents representative of the interest factor of rental expense		43			44			89			91			84			73			73
Total fixed charges		305			313			633			626			849			1,189			1,562
Preferred stock dividend requirements		45			26			53			46			17			174			274
Fixed charges and preferred stock dividends	$	350		$	339		$	686		$	672		$	866		$	1,363		$	1,836
Ratio of earnings to fixed charges		5.28	x		4.52	x		4.58	x		3.66	x		4.26	x		1.64	x		1.03	x
Ratio of earnings to fixed charges and preferred stock dividends		4.60	x		4.17	x		4.23	x		3.41	x		4.18	x		1.43	x		0.88	x
Ratio 2 - Excluding interest on deposits
Earnings:
Income before income taxes1	$	1,305		$	1,102		$	2,267		$	1,666		$	2,770		$	766		$	48
Fixed charges		195			187			398			335			420			565			702
Total earnings	$	1,500		$	1,289		$	2,665		$	2,001		$	3,190		$	1,331		$	750
Fixed charges:
Interest on funds purchased and securities sold under agreements to repurchase	$	3		$	2		$	4		$	4		$	4		$	5		$	6
Interest on other short-term borrowings		2			7			14			13			18			12			13
Interest on trading liabilities		11			10			21			17			15			26			30
Interest on long-term debt		136			124			270			210			299			449			580
Portion of rents representative of the interest factor of rental expense		43			44			89			91			84			73			73
Total fixed charges		195			187			398			335			420			565			702
Preferred stock dividend requirements		45			26			53			46			17			174			274
Fixed charges and preferred stock dividends	$	240		$	213		$	451		$	381		$	437		$	739		$	976
Ratio of earnings to fixed charges		7.69	x		6.89	x		6.70	x		5.97	x		7.60	x		2.36	x		1.07	x
Ratio of earnings to fixed charges and preferred stock dividends		6.25	x		6.05	x		5.91	x		5.25	x		7.30	x		1.80	x		0.77	x

1 Amortization expense related to qualified affordable housing investment costs is recognized in provision/(benefit) for income taxes as a result of adoption of a new accounting standard during 2014. Prior to 2014, these amounts were recognized in noninterest expense, and therefore, for comparative purposes $49 million, $39 million, $40 million, and $44 million of amortization expense was reclassified to provision/(benefit) for income taxes for the years ended December 31, 2013, 2012, 2011, and 2010, respectively.