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): July 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

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 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 2.02 Results of Operations and Financial Condition.

Item 7.01 Regulation FD.

On July 21, 2017, SunTrust Banks, Inc. (the “Registrant”) announced financial results for the period ended June 30, 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 July 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 July 21, 2017 (furnished with the Commission as a part of this Form 8-K).

99.2    Presentation slides dated July 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:	July 21, 2017	By: /s/ R. Ryan Richards
		R. Ryan Richards, Senior Vice President, Controller

EX-99.1

Exhibit 99.1

News Release

Contact:
Investors	Media
Ankur Vyas	Hugh Suhr
(404) 827-6714	(404) 827-6813

For Immediate Release

July 21, 2017

SunTrust Reports Second Quarter 2017 Results

Consistent Execution Against Key Strategies

Results in 10% Year-over-Year EPS Growth

ATLANTA -- SunTrust Banks, Inc. (NYSE: STI) reported net income available to common shareholders of $505 million, or $1.03 per average common diluted share.

Earnings per average common diluted share increased 13% compared to the first quarter and 10% compared to the second quarter of 2016. For the first half of 2017, earnings per share grew 9% compared to the same period a year ago.

“Our strong performance this quarter reflects our commitment to deliver against our strategy. We continued to realize benefits from our consistent focus on optimizing our business mix and investing in growth, made further progress in improving our efficiency, and significantly increased our capital returns to shareholders,” said William H. Rogers, Jr., chairman and CEO of SunTrust Banks, Inc. “Overall, I am pleased with the momentum we have created; our fundamentals are strong, our execution continues to improve, and I am confident in our ability to deliver further growth for our clients, communities, teammates, and shareholders.”

1

SecondQuarter2017Financial 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 22 and 23.)

Income Statement

• Net income available to common shareholders was $505 million, or $1.03 per average common diluted share, compared to $0.91 for the prior quarter and $0.94 for the second quarter of 2016.

• Total revenue increased 1% compared to the prior quarter and 2% compared to the second quarter of 2016.

◦ These increases were driven largely by higher net interest income as a result of net interest margin expansion and growth in earning assets.

• Net interest margin was 3.14% in the current quarter, up 5 basis points sequentially and up 15 basis points compared to the prior year, driven by higher earning asset yields arising from higher benchmark interest rates, continued positive mix shift in the loan portfolio, and lower premium amortization in the securities portfolio.

• Provision for credit losses decreased $29 million sequentially and $56 million year-over-year primarily as a result of lower net charge-offs.

• Noninterest expense declined 5% sequentially and increased 3% compared to the prior year.

◦ The sequential decrease was driven primarily by a seasonal decline in personnel costs, higher branch closure and severance costs recognized in the prior quarter, and lower operating losses.

◦ The increase relative to the prior year was driven primarily by the recent acquisition of Pillar & Cohen Financial ("Pillar/Cohen"), higher compensation (as a result of improved business performance), higher net occupancy expense, and higher FDIC premiums, partially offset by lower other noninterest expense.

• The efficiency and tangible efficiency ratios in the current quarter were 61.2% and 60.6%, respectively, which represent significant improvements compared to the prior quarter, driven primarily by seasonal declines in employee benefits costs, ongoing expense management initiatives, and solid revenue growth.

Balance Sheet

• Average loan balances increased 1% sequentially and 2% year-over-year, driven primarily by growth in consumer lending.

• Average consumer and commercial deposits increased slightly sequentially and increased 3% compared to the second quarter of 2016, driven by growth in demand and time deposits.

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 June 30, 2017, and 9.5% on a fully phased-in basis.

• During the quarter, the Company:

◦ Issued $750 million of 5.05% preferred stock (Series G) and repurchased $240 million of its outstanding common stock, which completed its share repurchases under its 2016 Capital Plan.

◦ Announced its 2017 Capital Plan, which includes:

▪ The purchase of up to $1.32 billion of its outstanding common stock between the third quarter of 2017 and the second quarter of 2018 (representing a 38% increase).

▪ A 54% increase in the quarterly common stock dividend from $0.26 per share to $0.40 per share, beginning in the third quarter of 2017, subject to approval by the Company's Board of Directors.

• Book value per common share was $46.51 and tangible book value per common share was $33.83, both up 2% from March 31, 2017, driven primarily by growth in retained earnings.

2

Asset Quality

• Nonperforming loans decreased $35 million from the prior quarter and represented 0.52% of total loans at June 30, 2017. The sequential decrease was driven by the return to accrual status of certain nonperforming energy-related loans during the current quarter.

• Net charge-offs for the current quarter were $70 million, or 0.20% of average loans on an annualized basis, down $42 million sequentially and $67 million year-over-year driven by overall asset quality improvements for both periods as well as lower energy-related net charge-offs year-over-year.

• The provision for credit losses decreased $29 million sequentially as a result of lower net charge-offs.

• At June 30, 2017, the allowance for loan and lease losses ("ALLL") to period-end loans held for investment ("LHFI") ratio was 1.20%, stable compared to the prior quarter.

Income Statement (Dollars in millions, except per share data)	2Q 2017			1Q 2017			4Q 2016			3Q 2016			2Q 2016
Net interest income	$1,403			$1,366			$1,343			$1,308			$1,288
Net interest income-FTE 2	1,439			1,400			1,377			1,342			1,323
Net interest margin	3.06		%	3.02		%	2.93		%	2.88		%	2.91		%
Net interest margin-FTE 2	3.14			3.09			3.00			2.96			2.99
Noninterest income	$827			$847			$815			$889			$898
Total revenue	2,230			2,213			2,158			2,197			2,186
Total revenue-FTE 2	2,266			2,247			2,192			2,231			2,221
Noninterest expense	1,388			1,465			1,397			1,409			1,345
Provision for credit losses	90			119			101			97			146
Net income available to common shareholders	505			451			448			457			475
Earnings per average common diluted share	1.03			0.91			0.90			0.91			0.94
Balance Sheet(Dollars in billions)
Average loans held for investment ("LHFI")		$144.4			$143.7			$142.6			$142.3			$141.2
Average consumer and commercial deposits	159.1			158.9			158.0			155.3			154.2
Capital
Capital ratios at period end 1 :
Tier 1 capital (transitional)	10.80		%	10.40		%	10.28		%	10.50		%	10.57		%
Common Equity Tier 1 ("CET1") (transitional)	9.67			9.69			9.59			9.78			9.84
Common Equity Tier 1 ("CET1") (fully phased-in) 2	9.52			9.54			9.43			9.66			9.73
Total average shareholders’ equity to total average assets	11.80			11.59			11.84			12.12			12.11
Asset Quality
Net charge-offs to average LHFI (annualized)	0.20		%	0.32		%	0.38		%	0.35		%	0.39		%
ALLL to period-end LHFI	1.20			1.20			1.19			1.23			1.25
Nonperforming loans to total loans	0.52			0.55			0.59			0.67			0.67

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

² See Appendix A on pages 22 and 23 for non-U.S. GAAP reconciliations and additional information.

3

Consolidated Financial Performance Details

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

Revenue

Total revenue was $2.3 billion for the current quarter, an increase of $19 million compared to the prior quarter. Net interest income increased $39 million sequentially due to a higher net interest margin and growth in average earning assets. Noninterest income decreased $20 million sequentially driven primarily by lower capital markets and mortgage-related income. Compared to the second quarter of 2016, total revenue increased $45 million, driven by a $116 million increase in net interest income, which was partially offset by a $63 million decrease in mortgage-related income.

Net Interest Income

Net interest income was $1.4 billion for the current quarter, an increase of $39 million and $116 million compared to the prior quarter and prior year, respectively. Both increases were driven primarily by net interest margin expansion and growth in earning assets.

Net interest margin for the current quarter was 3.14%, compared to 3.09% in the prior quarter and 2.99% in the second quarter of 2016. The 5 and 15 basis point increases relative to the prior quarter and prior year were driven primarily by higher earning asset yields arising from higher benchmark interest rates, continued positive mix shift in the loan portfolio, and lower premium amortization in the securities portfolio, partially offset by higher deposit costs.

For the six months ended June 30, 2017, net interest income was $2.8 billion, a $199 million increase compared to the first six months of 2016. The net interest margin was 3.11% for the first half of 2017, a 10 basis point increase compared to the same period in 2016. The increases in both net interest income and net interest margin were driven by the same factors that impacted the prior year comparison discussed above.

Noninterest Income

Noninterest income was $827 million for the current quarter, compared to $847 million for the prior quarter and $898 million for the second quarter of 2016. The $20 million sequential decrease was due primarily to lower capital markets and mortgage-related income. Compared to the second quarter of 2016, noninterest income decreased $71 million, driven largely by lower mortgage-related income and reduced service charges on deposit accounts, as well as the $44 million of net asset-related gains recognized during the second quarter of 2016. These year-over-year decreases were partially offset by higher capital markets and commercial real estate related income (which is favorably impacted by the acquisition of Pillar/Cohen in December 2016).

Investment banking income was $147 million for the current quarter, compared to $167 million in the prior quarter and $126 million in the second quarter of 2016. The $20 million decrease compared to the prior quarter is due to lower capital market originations (specifically in syndicated finance) in the current quarter following record performance in the prior quarter. The $21 million increase compared to the second quarter of 2016 was due to strong deal flow activity, particularly in syndicated finance and M&A advisory.

Trading income was $46 million for the current quarter, compared to $51 million in the prior quarter and $34 million in the second quarter of 2016. The sequential decrease was due to lower client-related interest rate hedging activity during the current quarter. The increase compared to the second quarter of 2016 was driven largely by the recognition of higher counterparty credit valuation reserves (as a result of an adjustment to the internal reserve methodology) in the second quarter of 2016.

Mortgage production income for the current quarter was $56 million, compared to $53 million for the prior quarter and $111 million for the second quarter of 2016. The $55 million decrease from the second quarter of 2016 was due to lower production volume and lower gain-on-sale margins. Mortgage application volume increased 7% sequentially and decreased 26% compared to the second quarter of 2016. Closed loan volume increased 17% sequentially, but decreased 12% compared to the second quarter of 2016.

4

Mortgage servicing income was $44 million for the current quarter, compared to $58 million in the prior quarter and $52 million in the second quarter of 2016. The $14 million sequential decrease was due to higher servicing asset decay and lower net hedge performance. The $8 million decrease compared to the second quarter of 2016 was due largely to lower net hedge performance and higher servicing asset decay, partially offset by higher servicing fees. At June 30, 2017 and 2016, the servicing portfolio totaled $165.6 billion and $154.5 billion, respectively, and was $164.5 billion at March 31, 2017.

Retail investment income was $70 million for the current quarter, compared to $68 million in the prior quarter and $72 million in the second quarter of 2016. The $2 million increase compared to the prior quarter is due to growth in retail brokerage managed assets. The $2 million decrease compared to the prior year was a result of reduced client transactional activity.

Client transaction-related fees (namely service charges on deposits, other charges and fees, and card fees) increased $16 million compared to the prior quarter due largely to higher client spend activity, increased incidence rates on deposit accounts and higher commitment fees. Compared to second quarter of 2016, client transaction-related fees decreased $8 million due to the impact of the enhanced posting order process instituted during the fourth quarter of 2016.

Commercial real estate related income was $24 million for the current quarter, compared to $20 million for the prior quarter and $10 million for the second quarter of 2016. The $4 million sequential increase was due primarily to higher structured real estate-related gains. The $14 million increase compared to the second quarter of 2016 was attributable to revenue from Pillar/Cohen, which the Company acquired in December 2016.

Other noninterest income was $22 million for the current quarter, compared to $30 million in the prior quarter and $65 million in the second quarter of 2016. The $8 million decrease compared to the sequential quarter was due primarily to gains on the sale of affordable housing investments recognized during the prior quarter. The $43 million decrease compared to the prior year was due primarily to the $44 million of net asset-related gains recognized during the second quarter of 2016.

For the six months ended June 30, 2017, noninterest income was $1.7 billion, a decrease of $6 million compared to the first six months of 2016 as higher capital markets and commercial real estate related income were offset by lower mortgage-related and other noninterest income as well as reduced service charges on deposit accounts.

Noninterest Expense

Noninterest expense was $1.4 billion in the current quarter, representing a sequential decline of $77 million and an increase of $43 million compared to the second quarter of 2016. The sequential decrease was driven primarily by the seasonal decline in personnel costs, higher branch closure and severance costs recognized in the prior quarter (recorded in other noninterest expense), and lower operating losses. The increase relative to the prior year was driven primarily by the recent acquisition of Pillar/Cohen, higher compensation (as a result of improved business performance), higher net occupancy expense, and higher FDIC premiums, partially offset by lower other noninterest expense.

Employee compensation and benefits expense was $796 million in the current quarter, compared to $852 million in the prior quarter and $763 million in the second quarter of 2016. The sequential decrease of $56 million was due to the seasonal decrease in employee benefits costs. The $33 millionincrease compared to the second quarter of 2016 was due primarily to incremental compensation costs associated with the acquisition of Pillar/Cohen and higher compensation costs associated with revenue growth.

Operating losses were $19 million in the current quarter, compared to $32 million in the prior quarter and $25 million in the second quarter of 2016. The decrease relative to the first quarter was largely due to higher legal accruals recognized during the prior quarter. The year-over-year decrease was due to higher regulatory, compliance and legal-related charges recognized in the prior year.

Outside processing and software expense was $204 million in the current quarter, stable compared to $205 million in the prior quarter and $202 million in the second quarter of 2016.

5

FDIC premium and regulatory expense was $49 million in the current quarter, compared to $48 million in the prior quarter and $44 million in the second quarter of 2016. The $5 million 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 $42 million in the prior quarter and $38 million in the second quarter of 2016. The increase relative to the prior year was driven by normal variability in advertising and client development costs.

Net occupancy expense was $94 million in the current quarter, compared to $92 million in the prior quarter and $78 million in the second quarter of 2016.  The year-over-year increase was due primarily to a reduction in amortized gains from prior sale leaseback transactions.

Other noninterest expense was $126 million in the current quarter, compared to $142 million in both the prior quarter and second quarter of 2016. The sequential decrease was primarily due to higher branch closure and severance costs incurred in the prior quarter. The year-over-year decrease was driven primarily by lower severance and credit collection-related expenses.

For the six months ended June 30, 2017, noninterest expense was $2.9 billion compared to $2.7 billion for the first six months of 2016. The $190 million increase was driven largely by higher employee compensation expense (primarily related to higher revenue and the acquisition of Pillar/Cohen), net occupancy costs, FDIC premium and regulatory expense, and other noninterest expense (related primarily to branch closure costs and legal and consulting fees).

Income Taxes

For the current quarter, the Company recorded an income tax provision of $222 million, compared to $159 million for the prior quarter and $201 million for the second quarter of 2016. The prior quarter was favorably impacted by $23 million in discrete tax benefits. The effective tax rate for the current quarter was 30%, compared to 25% in the prior quarter and 29% in the second quarter of 2016.

Balance Sheet

At June 30, 2017, the Company had total assets of $207.2 billion and total shareholders’ equity of $24.5 billion, representing 12% of total assets. Book value per common share was $46.51 and tangible book value per common share was $33.83, both up 2% compared to March 31, 2017 driven primarily by growth in retained earnings and a lower accumulated other comprehensive loss.

Loans

Average performing loans were $143.7 billion for the current quarter, a 1%increase over the prior quarter and a 2% increase over the second quarter of 2016. The sequential and year-over-year growth was driven largely by increases in consumer lending, offset partially by declines in home equity products.

Deposits

Average consumer and commercial deposits for the current quarter were $159.1 billion, a slight increase over the prior quarter and a 3% increase over the second quarter of 2016. The sequential growth was due largely to a 5% increase in time deposits and a 1% increase in demand deposits, offset partially by declines in both NOW and money market account balances. Compared to the second quarter of 2016, growth was driven primarily by increases in NOW and money market account balances.

6

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 June 30, 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 11.8% and 8.1%, respectively, at June 30, 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 $240 million of its outstanding common stock in the second quarter of 2017, which completed its authorized common equity repurchases as approved by the Board in conjunction with the 2016 Capital Plan. Additionally, the Company issued $750 million of 5.05% noncumulative perpetual preferred stock, Series G, in May 2017.

In June 2017, the Company announced that the Federal Reserve had no objections to its 2017 Capital Plan. This plan includes the repurchase of up to $1.32 billion of the Company's outstanding common stock between the third quarter of 2017 and the second quarter of 2018 (representing a 38% increase in the average quarterly repurchase amount compared to the previous authorization). Additionally, subject to Board approval, the Company intends to increase its quarterly common stock dividend 54% to $0.40 per common share beginning in the third quarter of 2017 and to maintain the current level of dividend payments on its preferred stock.

Asset Quality

Total nonperforming assets were $821 million at June 30, 2017, down $37 million compared to the prior quarter and $180 million compared to the second 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 held for investment was 0.52%, 0.55%, and 0.67% at June 30, 2017, March 31, 2017, and June 30, 2016, respectively.

Net charge-offs were $70 million during the current quarter, a decrease of $42 million compared to the prior quarter and $67 million compared to the second quarter of 2016. The decrease was primarily driven by overall asset quality improvements for both periods as well as lower energy-related net charge-offs year-over-year. The ratio of annualized net charge-offs to total average loans held for investment was 0.20% during the current quarter, compared to 0.32% during the prior quarter and 0.39% during the second quarter of 2016. The provision for credit losses was $90 million in the current quarter, a decrease of $29 million compared to the prior quarter and $56 million compared to the second quarter of 2016.

At June 30, 2017, the ALLL was $1.7 billion, which represented 1.20% of total loans, stable relative to March 31, 2017.

Early stage delinquencies decreased 6 basis points from the prior quarter to 0.66% at June 30, 2017. Excluding government-guaranteed loans which account for 0.44%, early stage delinquencies were 0.22%, unchanged compared to the prior quarter and down 1 basis point from a year ago.

Accruing restructured loans totaled $2.5 billion and nonaccruing restructured loans totaled $321 million at June 30, 2017, of which $2.5 billion were residential loans, $177 million were consumer loans, and $128 million were commercial loans.

7

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 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 June 30, 2017, SunTrust had total assets of $207 billion and total deposits of $160 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. Revenue and income amounts labeled "FTE" in the business segment tables are reported on a fully taxable-equivalent basis. In the second quarter of 2017, the Company realigned its business segment structure from three segments to two segments based on, among other things, the manner in which financial information is evaluated by management and in conjunction with Company-wide organizational changes that were announced during the first quarter of 2017. Specifically, the Company retained the previous composition of the Wholesale Banking segment and changed the basis of presentation of the Consumer Banking and Private Wealth Management segment and Mortgage Banking segment such that those segments were combined into a single Consumer segment. In conjunction with this business segment structure realignment, the Company made certain adjustments to its internal funds transfer pricing methodology. Prior period information was revised to conform to the new business segment structure and the updated internal funds transfer pricing methodology.

For the business segments, net interest income is computed using matched-maturity funds transfer pricing and noninterest income includes federal and state tax credits that are grossed-up on a pre-tax equivalent basis. Further, provision/(benefit) for credit losses represents net charge-offs by segment combined with an allocation to the segments of the provision/(benefit) attributable to each segment's quarterly change in the allowance for loan and lease losses and unfunded commitments 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 July 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 July 21, 2017, and will remain available until August 21, 2017, by dialing 1-800-475-6701 (domestic) or 1-320-365-3844 (international) (Passcode: 425463). 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 July 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.

8

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 22.

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 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 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) ratio, 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,” “opportunity,” “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.

9

SunTrust Banks, Inc. and Subsidiaries

FINANCIAL HIGHLIGHTS

(Dollars in millions and shares in thousands, except per share data) (Unaudited)	Three Months Ended June 30						%		Six Months Ended June 30						%
	2017			2016			Change		2017			2016			Change
EARNINGS & DIVIDENDS
Net income		$528			$492		7	%		$995			$939		6	%
Net income available to common shareholders	505			475			6		956			906			6
Total revenue	2,230			2,186			2		4,443			4,249			5
Total revenue-FTE 1	2,266			2,221			2		4,513			4,320			4
Net income per average common share:
Diluted		$1.03			$0.94		10	%		$1.94			$1.78		9	%
Basic	1.05			0.95			11		1.97			1.80			9
Dividends paid per common share	0.26			0.24			8		0.52			0.48			8
CONDENSED BALANCE SHEETS
Selected Average Balances:
Total assets		$204,494			$198,305		3	%		$204,374			$195,660		4	%
Earning assets	184,057			178,055			3		183,833			176,122			4
Loans held for investment ("LHFI")	144,440			141,238			2		144,058			139,805			3
Intangible assets including mortgage servicing rights ("MSRs")	8,024			7,543			6		8,025			7,556			6
MSRs	1,603			1,192			34		1,603			1,203			33
Consumer and commercial deposits	159,136			154,166			3		159,006			151,698			5
Total shareholders’ equity	24,139			24,018			1		23,906			23,907			—
Preferred stock	1,720			1,225			40		1,474			1,225			20
Period End Balances:
Total assets										$207,223			$198,892		4	%
Earning assets									184,518			178,852			3
LHFI									144,268			141,656			2
Allowance for loan and lease losses ("ALLL")									1,731			1,774			(2	)
Consumer and commercial deposits									158,319			151,779			4
Total shareholders’ equity									24,477			24,464			—
FINANCIAL RATIOS & OTHER DATA
Return on average total assets	1.03		%	1.00		%	3	%	0.98		%	0.97		%	1	%
Return on average common shareholders’ equity	9.08			8.43			8		8.64			8.07			7
Return on average tangible common shareholders' equity 1	12.51			11.54			8		11.90			11.07			7
Net interest margin	3.06			2.91			5		3.04			2.93			4
Net interest margin-FTE 1	3.14			2.99			5		3.11			3.01			3
Efficiency ratio	62.24			61.53			1		64.21			62.67			2
Efficiency ratio-FTE 1	61.24			60.56			1		63.21			61.65			3
Tangible efficiency ratio-FTE 1	60.59			60.05			1		62.59			61.16			2
Effective tax rate	30			29			3		28			30			(7	)
Basel III capital ratios at period end (transitional) 2:
Common Equity Tier 1 ("CET1")									9.67		%	9.84		%	(2	)%
Tier 1 capital									10.80			10.57			2
Total capital									12.74			12.68			—
Leverage									9.54			9.35			2
Basel III fully phased-in CET1 ratio 1, 2									9.52			9.73			(2	)
Total average shareholders’ equity to total average assets	11.80		%	12.11		%	(3	)%	11.70			12.22			(4	)
Tangible equity to tangible assets 1									9.15			9.54			(4	)
Tangible common equity to tangible assets 1									8.11			8.85			(8	)
Book value per common share										$46.51			$46.14		1
Tangible book value per common share 1									33.83			33.98			—
Market capitalization									27,319			20,598			33
Average common shares outstanding:
Diluted	488,020			505,633			(3	)	491,989			508,012			(3	)
Basic	482,913			501,374			(4	)	486,482			503,428			(3	)
Full-time equivalent employees									24,278			23,940			1
Number of ATMs									2,104			2,144			(2	)
Full service banking offices									1,281			1,389			(8	)

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
	June 30			March 31			December 31			September 30			June 30
(Dollars in millions and shares in thousands, except per share data) (Unaudited)	2017			2017			2016			2016			2016
EARNINGS & DIVIDENDS
Net income		$528			$468			$465			$474			$492
Net income available to common shareholders	505			451			448			457			475
Total revenue	2,230			2,213			2,158			2,197			2,186
Total revenue-FTE 1	2,266			2,247			2,192			2,231			2,221
Net income per average common share:
Diluted		$1.03			$0.91			$0.90			$0.91			$0.94
Basic	1.05			0.92			0.91			0.92			0.95
Dividends paid per common share	0.26			0.26			0.26			0.26			0.24
CONDENSED BALANCE SHEETS
Selected Average Balances:
Total assets		$204,494			$204,252			$203,146			$201,476			$198,305
Earning assets	184,057			183,606			182,475			180,523			178,055
LHFI	144,440			143,670			142,578			142,257			141,238
Intangible assets including MSRs	8,024			8,026			7,654			7,415			7,543
MSRs	1,603			1,604			1,291			1,065			1,192
Consumer and commercial deposits	159,136			158,874			157,996			155,313			154,166
Total shareholders’ equity	24,139			23,671			24,044			24,410			24,018
Preferred stock	1,720			1,225			1,225			1,225			1,225
Period End Balances:
Total assets		$207,223			$205,642			$204,875			$205,091			$198,892
Earning assets	184,518			183,279			184,610			181,341			178,852
LHFI	144,268			143,529			143,298			141,532			141,656
ALLL	1,731			1,714			1,709			1,743			1,774
Consumer and commercial deposits	158,319			161,531			158,864			157,592			151,779
Total shareholders’ equity	24,477			23,484			23,618			24,449			24,464
FINANCIAL RATIOS & OTHER DATA
Return on average total assets	1.03		%	0.93		%	0.91		%	0.94		%	1.00		%
Return on average common shareholders’ equity	9.08			8.19			7.85			7.89			8.43
Return on average tangible common shareholders' equity 1	12.51			11.28			10.76			10.73			11.54
Net interest margin	3.06			3.02			2.93			2.88			2.91
Net interest margin-FTE 1	3.14			3.09			3.00			2.96			2.99
Efficiency ratio	62.24			66.20			64.74			64.13			61.53
Efficiency ratio-FTE 1	61.24			65.19			63.73			63.14			60.56
Tangible efficiency ratio-FTE 1	60.59			64.60			63.08			62.54			60.05
Effective tax rate	30			25			29			31			29
Basel III capital ratios at period end (transitional) 2:
CET1	9.67		%	9.69		%	9.59		%	9.78		%	9.84		%
Tier 1 capital	10.80			10.40			10.28			10.50			10.57
Total capital	12.74			12.37			12.26			12.57			12.68
Leverage	9.54			9.08			9.22			9.28			9.35
Basel III fully phased-in CET1 ratio 1, 2	9.52			9.54			9.43			9.66			9.73
Total average shareholders’ equity to total average assets	11.80			11.59			11.84			12.12			12.11
Tangible equity to tangible assets 1	9.15			8.72			8.82			9.23			9.54
Tangible common equity to tangible assets 1	8.11			8.06			8.15			8.57			8.85
Book value per common share		$46.51			$45.62			$45.38			$46.63			$46.14
Tangible book value per common share 1	33.83			33.05			32.95			34.33			33.98
Market capitalization	27,319			26,860			26,942			21,722			20,598
Average common shares outstanding:
Diluted	488,020			496,002			497,055			500,885			505,633
Basic	482,913			490,091			491,497			496,304			501,374
Full-time equivalent employees	24,278			24,215			24,375			23,854			23,940
Number of ATMs	2,104			2,132			2,165			2,163			2,144
Full service banking offices	1,281			1,316			1,367			1,369			1,389

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)					Six Months Ended				Increase/(Decrease)
(Dollars in millions and shares in thousands, except per share data) (Unaudited)	June 30									June 30
	2017		2016		Amount			% 3		2017		2016		Amount			%
Interest income		$1,583		$1,424		$159		11	%		$3,111		$2,834		$277		10	%
Interest expense	180		136		44			32		342		265		77			29
NET INTEREST INCOME	1,403		1,288		115			9		2,769		2,569		200			8
Provision for credit losses	90		146		(56		)	(38	)	209		246		(37		)	(15	)
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	1,313		1,142		171			15		2,560		2,323		237			10
NONINTEREST INCOME
Service charges on deposit accounts	151		162		(11		)	(7	)	299		315		(16		)	(5	)
Other charges and fees	103		104		(1		)	(1	)	198		197		1			1
Card fees	87		83		4			5		169		160		9			6
Investment banking income	147		126		21			17		314		225		89			40
Trading income	46		34		12			35		97		89		8			9
Trust and investment management income	76		75		1			1		151		150		1			1
Retail investment services	70		72		(2		)	(3	)	139		141		(2		)	(1	)
Mortgage production related income	56		111		(55		)	(50	)	109		171		(62		)	(36	)
Mortgage servicing related income	44		52		(8		)	(15	)	102		114		(12		)	(11	)
Commercial real estate related income 1	24		10		14			NM		44		28		16			57
Net securities gains	1		4		(3		)	(75	)	1		4		(3		)	(75	)
Other noninterest income 1	22		65		(43		)	(66	)	51		86		(35		)	(41	)
Total noninterest income	827		898		(71		)	(8	)	1,674		1,680		(6		)	—
NONINTEREST EXPENSE
Employee compensation and benefits	796		763		33			4		1,648		1,536		112			7
Outside processing and software	204		202		2			1		409		400		9			2
Net occupancy expense	94		78		16			21		185		163		22			13
Equipment expense	43		42		1			2		83		82		1			1
FDIC premium/regulatory exams	49		44		5			11		97		80		17			21
Marketing and customer development	42		38		4			11		84		82		2			2
Operating losses	19		25		(6		)	(24	)	51		50		1			2
Amortization	15		11		4			36		28		21		7			33
Other noninterest expense	126		142		(16		)	(11	)	268		249		19			8
Total noninterest expense	1,388		1,345		43			3		2,853		2,663		190			7
INCOME BEFORE PROVISION FOR INCOME TAXES	752		695		57			8		1,381		1,340		41			3
Provision for income taxes	222		201		21			10		381		396		(15		)	(4	)
NET INCOME INCLUDING INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	530		494		36			7		1,000		944		56			6
Net income attributable to noncontrolling interest	2		2		—			—		5		5		—			—
NET INCOME		$528		$492		$36		7	%		$995		$939		$56		6	%
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS		$505		$475		$30		6	%		$956		$906		$50		6	%
Net interest income-FTE 2	1,439		1,323		116			9		2,839		2,640		199			8
Total revenue	2,230		2,186		44			2		4,443		4,249		194			5
Total revenue-FTE 2	2,266		2,221		45			2		4,513		4,320		193			4
Net income per average common share:
Diluted	1.03		0.94		0.09			10		1.94		1.78		0.16			9
Basic	1.05		0.95		0.10			11		1.97		1.80		0.17			9
Cash dividends paid per common share	0.26		0.24		0.02			8		0.52		0.48		0.04			8
Average common shares outstanding:
Diluted	488,020		505,633		(17,613		)	(3	)	491,989		508,012		(16,023		)	(3	)
Basic	482,913		501,374		(18,461		)	(4	)	486,482		503,428		(16,946		)	(3	)

¹Beginning January 1, 2017, the Company began presenting income related to the Company's Pillar & Cohen 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.

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)	June 30		March 31		Increase/(Decrease)					December 31		September 30		June 30
	2017		2017		Amount			% 3		2016		2016		2016
Interest income		$1,583		$1,528		$55		4	%		$1,492		$1,451		$1,424
Interest expense	180		162		18			11		149		143		136
NET INTEREST INCOME	1,403		1,366		37			3		1,343		1,308		1,288
Provision for credit losses	90		119		(29		)	(24	)	101		97		146
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	1,313		1,247		66			5		1,242		1,211		1,142
NONINTEREST INCOME
Service charges on deposit accounts	151		148		3			2		154		162		162
Other charges and fees	103		95		8			8		90		93		104
Card fees	87		82		5			6		84		83		83
Investment banking income	147		167		(20		)	(12	)	122		147		126
Trading income	46		51		(5		)	(10	)	58		65		34
Trust and investment management income	76		75		1			1		73		80		75
Retail investment services	70		68		2			3		69		71		72
Mortgage production related income	56		53		3			6		78		118		111
Mortgage servicing related income	44		58		(14		)	(24	)	25		49		52
Commercial real estate related income 1	24		20		4			20		33		8		10
Net securities gains	1		—		1			NM		—		—		4
Other noninterest income 1	22		30		(8		)	(27	)	29		13		65
Total noninterest income	827		847		(20		)	(2	)	815		889		898
NONINTEREST EXPENSE
Employee compensation and benefits	796		852		(56		)	(7	)	762		773		763
Outside processing and software	204		205		(1		)	—		209		225		202
Net occupancy expense	94		92		2			2		94		93		78
Equipment expense	43		39		4			10		43		44		42
FDIC premium/regulatory exams	49		48		1			2		46		47		44
Marketing and customer development	42		42		—			—		52		38		38
Operating losses	19		32		(13		)	(41	)	23		35		25
Amortization	15		13		2			15		14		14		11
Other noninterest expense	126		142		(16		)	(11	)	154		140		142
Total noninterest expense	1,388		1,465		(77		)	(5	)	1,397		1,409		1,345
INCOME BEFORE PROVISION FOR INCOME TAXES	752		629		123			20		660		691		695
Provision for income taxes	222		159		63			40		193		215		201
NET INCOME INCLUDING INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	530		470		60			13		467		476		494
Net income attributable to noncontrolling interest	2		2		—			—		2		2		2
NET INCOME		$528		$468		$60		13	%		$465		$474		$492
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS		$505		$451		$54		12	%		$448		$457		$475
Net interest income-FTE 2	1,439		1,400		39			3		1,377		1,342		1,323
Total revenue	2,230		2,213		17			1		2,158		2,197		2,186
Total revenue-FTE 2	2,266		2,247		19			1		2,192		2,231		2,221
Net income per average common share:
Diluted	1.03		0.91		0.12			13		0.90		0.91		0.94
Basic	1.05		0.92		0.13			14		0.91		0.92		0.95
Cash dividends paid per common share	0.26		0.26		—			—		0.26		0.26		0.24
Average common shares outstanding:
Diluted	488,020		496,002		(7,982		)	(2	)	497,055		500,885		505,633
Basic	482,913		490,091		(7,178		)	(1	)	491,497		496,304		501,374

¹Beginning January 1, 2017, the Company began presenting income related to the Company's Pillar & Cohen 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

	June 30						Increase/(Decrease)
(Dollars in millions and shares in thousands, except per share data) (Unaudited)	2017			2016			Amount			% 2
ASSETS
Cash and due from banks		$6,968			$4,134			$2,834		69	%
Federal funds sold and securities borrowed or purchased under agreements to resell	1,249			1,107			142			13
Interest-bearing deposits in other banks	24			24			—			—
Trading assets and derivative instruments	5,847			6,850			(1,003		)	(15	)
Securities available for sale	31,142			29,336			1,806			6
Loans held for sale ("LHFS")	2,826			2,468			358			15
Loans held for investment ("LHFI"):
Commercial and industrial ("C&I")	68,511			68,603			(92		)	—
Commercial real estate ("CRE")	5,250			6,228			(978		)	(16	)
Commercial construction	4,019			2,617			1,402			54
Residential mortgages - guaranteed	501			534			(33		)	(6	)
Residential mortgages - nonguaranteed	26,594			26,037			557			2
Residential home equity products	11,173			12,481			(1,308		)	(10	)
Residential construction	364			397			(33		)	(8	)
Consumer student - guaranteed	6,543			5,562			981			18
Consumer other direct	8,249			6,825			1,424			21
Consumer indirect	11,639			11,195			444			4
Consumer credit cards	1,425			1,177			248			21
Total LHFI	144,268			141,656			2,612			2
Allowance for loan and lease losses ("ALLL")	(1,731		)	(1,774		)	(43		)	(2	)
Net loans held for investment	142,537			139,882			2,655			2
Goodwill	6,338			6,337			1			—
MSRs	1,608			1,061			547			52
Other assets	8,684			7,693			991			13
Total assets 1		$207,223			$198,892			$8,331		4	%
LIABILITIES
Deposits:
Noninterest-bearing consumer and commercial deposits		$44,006			$42,466			$1,540		4	%
Interest-bearing consumer and commercial deposits:
NOW accounts	43,973			39,869			4,104			10
Money market accounts	53,000			53,410			(410		)	(1	)
Savings	6,599			6,343			256			4
Consumer time	5,610			5,836			(226		)	(4	)
Other time	5,131			3,855			1,276			33
Total consumer and commercial deposits	158,319			151,779			6,540			4
Brokered time deposits	944			972			(28		)	(3	)
Foreign deposits	610			—			610			NM
Total deposits	159,873			152,751			7,122			5
Funds purchased	3,007			1,352			1,655			NM
Securities sold under agreements to repurchase	1,503			1,622			(119		)	(7	)
Other short-term borrowings	2,640			1,883			757			40
Long-term debt	10,511			12,264			(1,753		)	(14	)
Trading liabilities and derivative instruments	1,090			1,245			(155		)	(12	)
Other liabilities	4,122			3,311			811			24
Total liabilities	182,746			174,428			8,318			5
SHAREHOLDERS' EQUITY
Preferred stock, no par value	1,975			1,225			750			61
Common stock, $1.00 par value	550			550			—			—
Additional paid-in capital	8,973			9,003			(30		)	—
Retained earnings	16,701			15,353			1,348			9
Treasury stock, at cost, and other	(2,945		)	(1,900		)	1,045			55
Accumulated other comprehensive (loss)/income, net of tax	(777		)	233			(1,010		)	NM
Total shareholders' equity	24,477			24,464			13			—
Total liabilities and shareholders' equity		$207,223			$198,892			$8,331		4	%
Common shares outstanding	481,644			501,412			(19,768		)	(4	)%
Common shares authorized	750,000			750,000			—			—
Preferred shares outstanding	20			12			8			67
Preferred shares authorized	50,000			50,000			—			—
Treasury shares of common stock	68,369			48,509			19,860			41

¹ Includes earning assets of $184,518 and $178,852 at June 30, 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)	June 30			March 31			Increase/(Decrease)					December 31			September 30			June 30
	2017			2017			Amount			% 2		2016			2016			2016
ASSETS
Cash and due from banks		$6,968			$6,957			$11		—	%		$5,091			$8,019			$4,134
Federal funds sold and securities borrowed or purchased under agreements to resell	1,249			1,292			(43		)	(3	)	1,307			1,697			1,107
Interest-bearing deposits in other banks	24			25			(1		)	(4	)	25			24			24
Trading assets and derivative instruments	5,847			6,007			(160		)	(3	)	6,067			7,044			6,850
Securities available for sale	31,142			31,127			15			—		30,672			29,672			29,336
LHFS	2,826			2,109			717			34		4,169			3,772			2,468
LHFI:
C&I	68,511			68,971			(460		)	(1	)	69,213			68,298			68,603
CRE	5,250			5,067			183			4		4,996			5,056			6,228
Commercial construction	4,019			4,215			(196		)	(5	)	4,015			3,875			2,617
Residential mortgages - guaranteed	501			549			(48		)	(9	)	537			521			534
Residential mortgages - nonguaranteed	26,594			26,110			484			2		26,137			26,306			26,037
Residential home equity products	11,173			11,511			(338		)	(3	)	11,912			12,178			12,481
Residential construction	364			380			(16		)	(4	)	404			393			397
Consumer student - guaranteed	6,543			6,396			147			2		6,167			5,844			5,562
Consumer other direct	8,249			7,904			345			4		7,771			7,358			6,825
Consumer indirect	11,639			11,067			572			5		10,736			10,434			11,195
Consumer credit cards	1,425			1,359			66			5		1,410			1,269			1,177
Total LHFI	144,268			143,529			739			1		143,298			141,532			141,656
ALLL	(1,731		)	(1,714		)	17			1		(1,709		)	(1,743		)	(1,774		)
Net loans held for investment	142,537			141,815			722			1		141,589			139,789			139,882
Goodwill	6,338			6,338			—			—		6,337			6,337			6,337
MSRs	1,608			1,645			(37		)	(2	)	1,572			1,119			1,061
Other assets	8,684			8,327			357			4		8,046			7,618			7,693
Total assets 1		$207,223			$205,642			$1,581		1	%		$204,875			$205,091			$198,892
LIABILITIES
Deposits:
Noninterest-bearing consumer and commercial deposits		$44,006			$43,437			$569		1	%		$43,431			$43,835			$42,466
Interest-bearing consumer and commercial deposits:
NOW accounts	43,973			46,222			(2,249		)	(5	)	45,534			43,093			39,869
Money market accounts	53,000			55,261			(2,261		)	(4	)	54,166			54,763			53,410
Savings	6,599			6,668			(69		)	(1	)	6,266			6,256			6,343
Consumer time	5,610			5,495			115			2		5,534			5,659			5,836
Other time	5,131			4,448			683			15		3,933			3,986			3,855
Total consumer and commercial deposits	158,319			161,531			(3,212		)	(2	)	158,864			157,592			151,779
Brokered time deposits	944			917			27			3		924			950			972
Foreign deposits	610			405			205			51		610			300			—
Total deposits	159,873			162,853			(2,980		)	(2	)	160,398			158,842			152,751
Funds purchased	3,007			1,037			1,970			NM		2,116			2,226			1,352
Securities sold under agreements to repurchase	1,503			1,704			(201		)	(12	)	1,633			1,724			1,622
Other short-term borrowings	2,640			1,955			685			35		1,015			949			1,883
Long-term debt	10,511			10,496			15			—		11,748			11,866			12,264
Trading liabilities and derivative instruments	1,090			1,225			(135		)	(11	)	1,351			1,484			1,245
Other liabilities	4,122			2,888			1,234			43		2,996			3,551			3,311
Total liabilities	182,746			182,158			588			—		181,257			180,642			174,428
SHAREHOLDERS’ EQUITY
Preferred stock, no par value	1,975			1,225			750			61		1,225			1,225			1,225
Common stock, $1.00 par value	550			550			—			—		550			550			550
Additional paid-in capital	8,973			8,966			7			—		9,010			9,009			9,003
Retained earnings	16,701			16,322			379			2		16,000			15,681			15,353
Treasury stock, at cost, and other	(2,945		)	(2,712		)	233			9		(2,346		)	(2,131		)	(1,900		)
Accumulated other comprehensive (loss)/income, net of tax	(777		)	(867		)	90			10		(821		)	115			233
Total shareholders’ equity	24,477			23,484			993			4		23,618			24,449			24,464
Total liabilities and shareholders’ equity		$207,223			$205,642			$1,581		1	%		$204,875			$205,091			$198,892
Common shares outstanding	481,644			485,712			(4,068		)	(1	)%	491,188			495,936			501,412
Common shares authorized	750,000			750,000			—			—		750,000			750,000			750,000
Preferred shares outstanding	20			12			8			67		12			12			12
Preferred shares authorized	50,000			50,000			—			—		50,000			50,000			50,000
Treasury shares of common stock	68,369			64,301			4,068			6		58,738			53,985			48,509

¹ Includes earning assets of $184,518, $183,279, $184,610, $181,341, and $178,852 at June 30, 2017, March 31, 2017, December 31, 2016, September 30, 2016, and June 30, 2016, respectively.

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

15

SunTrust Banks, Inc. and Subsidiaries CONSOLIDATED DAILY AVERAGE BALANCES, INCOME/EXPENSE, AND AVERAGE YIELDS EARNED/RATES PAID
	Three Months Ended														Increase/(Decrease) From
	June 30, 2017							March 31, 2017							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 ("LHFI"): 1
Commercial and industrial ("C&I")		$69,122			$574	3.33	%		$69,076			$554	3.25	%		$46		0.08			$204		0.22
Commercial real estate ("CRE")	5,157			44		3.38		5,038			39		3.18		119			0.20		(898		)	0.47
Commercial construction	4,105			37		3.63		4,076			34		3.39		29			0.24		1,516			0.38
Residential mortgages - guaranteed	532			4		2.95		567			4		3.07		(35		)	(0.12	)	(48		)	(1.03	)
Residential mortgages - nonguaranteed	26,090			248		3.80		25,918			247		3.80		172			—		682			—
Residential home equity products	11,113			118		4.27		11,466			116		4.10		(353		)	0.17		(1,351		)	0.32
Residential construction	363			4		4.19		385			4		4.04		(22		)	0.15		(13		)	(0.22	)
Consumer student - guaranteed	6,462			71		4.42		6,278			65		4.20		184			0.22		1,050			0.44
Consumer other direct	8,048			97		4.84		7,819			97		5.02		229			(0.18	)	1,458			0.30
Consumer indirect	11,284			98		3.50		10,847			92		3.43		437			0.07		513			0.13
Consumer credit cards	1,391			35		9.96		1,369			33		9.79		22			0.17		266			(0.13	)
Nonaccrual	773			8		4.37		831			4		2.03		(58		)	2.34		(177		)	2.70
Total LHFI	144,440			1,338		3.86		143,670			1,289		3.64		770			0.22		3,202			0.38
Securities available for sale:
Taxable	30,654			189		2.47		30,590			185		2.42		64			0.05		2,744			0.18
Tax-exempt	348			3		3.04		286			2		3.04		62			—		197			(0.56	)
Total securities available for sale	31,002			192		2.47		30,876			187		2.42		126			0.05		2,941			0.18
Federal funds sold and securities borrowed or purchased under agreements to resell	1,237			2		0.68		1,236			1		0.33		1			0.35		10			0.51
Loans held for sale ("LHFS")	2,222			21		3.86		2,611			24		3.71		(389		)	0.15		207			0.25
Interest-bearing deposits in other banks	25			—		0.62		25			—		0.64		—			(0.02	)	2			0.33
Interest earning trading assets	5,131			30		2.33		5,188			27		2.09		(57		)	0.24		(360		)	0.68
Total earning assets	184,057			1,583		3.45		183,606			1,528		3.38		451			0.07		6,002			0.23
Allowance for loan and lease losses ("ALLL")	(1,723		)					(1,700		)					(23		)			33
Cash and due from banks	4,901							5,556							(655		)			(226		)
Other assets	16,248							15,952							296					1,573
Noninterest earning trading assets and derivative instruments	918							888							30					(609		)
Unrealized gains/(losses) on securities available for sale, net	93							(50		)					143					(584		)
Total assets		$204,494							$204,252							$242					$6,189
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing deposits:
NOW accounts		$44,437			$30	0.27	%		$44,745			$23	0.21	%		($308	)	0.06			$2,746		0.15
Money market accounts	54,199			38		0.28		54,902			34		0.25		(703		)	0.03		1,013			0.09
Savings	6,638			—		0.03		6,415			—		0.02		223			0.01		239			0.01
Consumer time	5,555			10		0.71		5,487			9		0.69		68			0.02		(429		)	(0.05	)
Other time	4,691			12		1.05		4,232			10		0.97		459			0.08		810			0.02
Total interest-bearing consumer and commercial deposits	115,520			90		0.31		115,781			76		0.27		(261		)	0.04		4,379			0.09
Brokered time deposits	929			3		1.29		917			3		1.28		12			0.01		16			(0.06	)
Foreign deposits	720			2		0.95		678			1		0.66		42			0.29		674			0.61
Total interest-bearing deposits	117,169			95		0.32		117,376			80		0.28		(207		)	0.04		5,069			0.09
Funds purchased	1,155			3		0.96		872			1		0.65		283			0.31		123			0.60
Securities sold under agreements to repurchase	1,572			3		0.89		1,715			3		0.61		(143		)	0.28		(146		)	0.49
Interest-bearing trading liabilities	992			6		2.66		1,002			6		2.61		(10		)	0.05		(14		)	0.27
Other short-term borrowings	2,008			3		0.55		1,753			2		0.49		255			0.06		788			0.35
Long-term debt	10,518			70		2.66		11,563			70		2.45		(1,045		)	0.21		1			0.20
Total interest-bearing liabilities	133,414			180		0.54		134,281			162		0.49		(867		)	0.05		5,821			0.11
Noninterest-bearing deposits	43,616							43,093							523					591
Other liabilities	2,976							2,860							116					(241		)
Noninterest-bearing trading liabilities and derivative instruments	349							347							2					(103		)
Shareholders’ equity	24,139							23,671							468					121
Total liabilities and shareholders’ equity		$204,494							$204,252							$242					$6,189
Interest Rate Spread						2.91	%						2.89	%				0.02					0.12
Net Interest Income					$1,403							$1,366
Net Interest Income-FTE 2					$1,439							$1,400
Net Interest Margin 3						3.06	%						3.02	%				0.04					0.15
Net Interest Margin-FTE 2, 3						3.14							3.09					0.05					0.15

¹ Interest income includes loan fees of $45 million for both the three months ended June 30, 2017 and March 31, 2017.

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 June 30, 2017 and March 31, 2017 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
	December 31, 2016							September 30, 2016							June 30, 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
LHFI: 1
C&I		$68,407			$549	3.19	%		$68,242			$536	3.13	%		$68,918			$533	3.11	%
CRE	5,141			38		2.93		5,975			44		2.92		6,055			44		2.91
Commercial construction	3,852			31		3.22		2,909			24		3.28		2,589			21		3.25
Residential mortgages - guaranteed	542			4		2.57		540			5		3.34		580			6		3.98
Residential mortgages - nonguaranteed	26,065			244		3.75		26,022			243		3.74		25,408			241		3.80
Residential home equity products	11,809			116		3.91		12,075			119		3.93		12,464			122		3.95
Residential construction	382			4		4.24		379			4		4.47		376			4		4.41
Consumer student - guaranteed	5,990			62		4.12		5,705			58		4.03		5,412			54		3.98
Consumer other direct	7,556			88		4.64		7,090			81		4.56		6,590			74		4.54
Consumer indirect	10,633			92		3.44		11,161			96		3.41		10,771			90		3.37
Consumer credit cards	1,324			33		9.93		1,224			31		10.12		1,125			29		10.09
Nonaccrual	877			8		3.77		935			4		1.70		950			4		1.67
Total LHFI	142,578			1,269		3.54		142,257			1,245		3.48		141,238			1,222		3.48
Securities available for sale:
Taxable	29,314			166		2.27		28,460			157		2.21		27,910			159		2.29
Tax-exempt	273			2		3.08		181			2		3.41		151			2		3.60
Total securities available for sale	29,587			168		2.28		28,641			159		2.22		28,061			161		2.29
Federal funds sold and securities borrowed or purchased under agreements to resell	1,332			—		(0.03	)	1,171			—		0.11		1,227			—		0.17
LHFS	3,570			30		3.42		2,867			25		3.47		2,015			18		3.61
Interest-bearing deposits in other banks	24			—		0.47		24			—		0.38		23			—		0.29
Interest earning trading assets	5,384			25		1.83		5,563			22		1.57		5,491			23		1.65
Total earning assets	182,475			1,492		3.25		180,523			1,451		3.20		178,055			1,424		3.22
ALLL	(1,724		)					(1,756		)					(1,756		)
Cash and due from banks	5,405							5,442							5,127
Other assets	15,375							14,822							14,675
Noninterest earning trading assets and derivative instruments	1,103							1,538							1,527
Unrealized gains on securities available for sale, net	512							907							677
Total assets		$203,146							$201,476							$198,305
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing deposits:
NOW accounts		$42,929			$17	0.16	%		$41,160			$15	0.14	%		$41,691			$13	0.12	%
Money market accounts	54,416			30		0.22		54,500			29		0.21		53,186			25		0.19
Savings	6,259			—		0.03		6,304			—		0.03		6,399			1		0.02
Consumer time	5,599			10		0.69		5,726			10		0.69		5,984			11		0.76
Other time	3,954			10		0.97		3,981			10		0.97		3,881			10		1.03
Total interest-bearing consumer and commercial deposits	113,157			67		0.23		111,671			64		0.23		111,141			60		0.22
Brokered time deposits	935			3		1.28		959			3		1.31		913			3		1.35
Foreign deposits	308			—		0.45		130			—		0.37		46			—		0.34
Total interest-bearing deposits	114,400			70		0.24		112,760			67		0.24		112,100			63		0.23
Funds purchased	1,008			1		0.43		784			1		0.36		1,032			1		0.36
Securities sold under agreements to repurchase	1,708			2		0.45		1,691			2		0.45		1,718			2		0.40
Interest-bearing trading liabilities	1,146			6		2.13		930			5		2.11		1,006			6		2.39
Other short-term borrowings	978			—		0.11		1,266			—		0.19		1,220			—		0.20
Long-term debt	11,632			70		2.37		12,257			68		2.21		10,517			64		2.46
Total interest-bearing liabilities	130,872			149		0.45		129,688			143		0.44		127,593			136		0.43
Noninterest-bearing deposits	44,839							43,642							43,025
Other liabilities	3,112							3,356							3,217
Noninterest-bearing trading liabilities and derivative instruments	279							380							452
Shareholders’ equity	24,044							24,410							24,018
Total liabilities and shareholders’ equity		$203,146							$201,476							$198,305
Interest Rate Spread						2.80	%						2.76	%						2.79	%
Net Interest Income					$1,343							$1,308							$1,288
Net Interest Income-FTE 2					$1,377							$1,342							$1,323
Net Interest Margin 3						2.93	%						2.88	%						2.91	%
Net Interest Margin-FTE 2, 3						3.00							2.96							2.99

¹  Interest income includes loan fees of $41 million, $40 million, and $41 million for the three months ended December 31, 2016, September 30, 2016, and June 30, 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 December 31, 2016, September 30, 2016, and June 30, 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 CONSOLIDATED DAILY AVERAGE BALANCES, INCOME/EXPENSE, AND AVERAGE YIELDS EARNED/RATES PAID, continued
	Six Months Ended
	June 30, 2017							June 30, 2016							Increase/(Decrease)
(Dollars in millions) (Unaudited)	Average Balances			Interest Income/ Expense		Yields/ Rates		Average Balances			Interest Income/ Expense		Yields/ Rates			Average Balances			Yields/ Rates
ASSETS
LHFI: 1
C&I		$69,099			$1,128	3.29	%		$68,488			$1,063	3.12	%			$611		0.17
CRE	5,098			83		3.28		6,061			88		2.91			(963		)	0.37
Commercial construction	4,090			71		3.51		2,410			39		3.26			1,680			0.25
Residential mortgages - guaranteed	550			8		3.01		610			12		3.89			(60		)	(0.88	)
Residential mortgages - nonguaranteed	26,004			494		3.80		25,060			476		3.80			944			—
Residential home equity products	11,289			235		4.19		12,657			248		3.95			(1,368		)	0.24
Residential construction	374			8		4.12		372			8		4.42			2			(0.30	)
Consumer student - guaranteed	6,371			136		4.31		5,252			104		3.98			1,119			0.33
Consumer other direct	7,934			194		4.93		6,414			144		4.51			1,520			0.42
Consumer indirect	11,067			190		3.46		10,525			177		3.38			542			0.08
Consumer credit cards	1,380			68		9.87		1,101			56		10.20			279			(0.33	)
Nonaccrual	802			13		3.16		855			9		2.14			(53		)	1.02
Total LHFI	144,058			2,628		3.68		139,805			2,424		3.49			4,253			0.19
Securities available for sale:
Taxable	30,622			373		2.44		27,537			321		2.33			3,085			0.11
Tax-exempt	317			5		3.04		151			3		3.62			166			(0.58	)
Total securities available for sale	30,939			378		2.45		27,688			324		2.34			3,251			0.11
Federal funds sold and securities borrowed or purchased under agreements to resell	1,237			3		0.51		1,231			1		0.17			6			0.34
LHFS	2,415			46		3.78		1,915			37		3.87			500			(0.09	)
Interest-bearing deposits in other banks	25			—		0.63		23			—		0.38			2			0.25
Interest earning trading assets	5,159			56		2.21		5,460			48		1.75			(301		)	0.46
Total earning assets	183,833			3,111		3.41		176,122			2,834		3.24			7,711			0.17
ALLL	(1,711		)					(1,753		)						42
Cash and due from banks	5,227							4,571								656
Other assets	16,100							14,657								1,443
Noninterest earning trading assets and derivative instruments	903							1,457								(554		)
Unrealized gains on securities available for sale, net	22							606								(584		)
Total assets		$204,374							$195,660								$8,714
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing deposits:
NOW accounts		$44,590			$53	0.24	%		$39,842			$22	0.11	%			$4,748		0.13
Money market accounts	54,549			71		0.26		53,125			49		0.18			1,424			0.08
Savings	6,527			1		0.03		6,289			1		0.02			238			0.01
Consumer time	5,521			19		0.70		6,044			23		0.78			(523		)	(0.08	)
Other time	4,463			22		1.01		3,847			20		1.04			616			(0.03	)
Total interest-bearing consumer and commercial deposits	115,650			166		0.29		109,147			115		0.21			6,503			0.08
Brokered time deposits	923			6		1.28		906			6		1.36			17			(0.08	)
Foreign deposits	699			3		0.81		25			—		0.34			674			0.47
Total interest-bearing deposits	117,272			175		0.30		110,078			121		0.22			7,194			0.08
Funds purchased	1,014			4		0.83		1,216			2		0.35			(202		)	0.48
Securities sold under agreements to repurchase	1,643			6		0.74		1,768			4		0.40			(125		)	0.34
Interest-bearing trading liabilities	997			13		2.63		1,012			12		2.48			(15		)	0.15
Other short-term borrowings	1,881			5		0.52		1,785			3		0.28			96			0.24
Long-term debt	11,038			139		2.55		9,577			123		2.58			1,461			(0.03	)
Total interest-bearing liabilities	133,845			342		0.52		125,436			265		0.42			8,409			0.10
Noninterest-bearing deposits	43,356							42,551								805
Other liabilities	2,919							3,269								(350		)
Noninterest-bearing trading liabilities and derivative instruments	348							497								(149		)
Shareholders’ equity	23,906							23,907								(1		)
Total liabilities and shareholders’ equity		$204,374							$195,660								$8,714
Interest Rate Spread						2.89	%						2.82	%					0.07
Net Interest Income					$2,769							$2,569
Net Interest Income-FTE 2					$2,839							$2,640
Net Interest Margin 3						3.04	%						2.93	%					0.11
Net Interest Margin-FTE 2, 3						3.11							3.01						0.10

¹ Interest income includes loan fees of $90 million and $84 million for the six months ended June 30, 2017 and 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 six months ended June 30, 2017 and 2016 was attributed to C&I loans.

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

18

SunTrust Banks, Inc. and Subsidiaries OTHER FINANCIAL DATA
	Three Months Ended											Six Months Ended
	June 30						(Decrease)/Increase					June 30						(Decrease)/Increase
(Dollars in millions) (Unaudited)	2017			2016			Amount			%		2017			2016			Amount			% 3
CREDIT DATA
Allowance for credit losses, beginning of period		$1,783			$1,831			($48	)	(3	)%		$1,776			$1,815			($39	)	(2	)%
Provision for unfunded commitments	3			5			(2		)	(40	)	5			3			2			67
Provision/(benefit) for loan losses:
Commercial	39			114			(75		)	(66	)	84			212			(128		)	(60	)
Residential	(2		)	(4		)	2			50		4			(37		)	41			NM
Consumer	50			31			19			61		116			68			48			71
Total provision for loan losses	87			141			(54		)	(38	)	204			243			(39		)	(16	)
Charge-offs:
Commercial	(26		)	(99		)	(73		)	(74	)	(89		)	(131		)	(42		)	(32	)
Residential	(26		)	(33		)	(7		)	(21	)	(55		)	(73		)	(18		)	(25	)
Consumer	(49		)	(35		)	14			40		(104		)	(74		)	30			41
Total charge-offs	(101		)	(167		)	(66		)	(40	)	(248		)	(278		)	(30		)	(11	)
Recoveries:
Commercial	7			9			(2		)	(22	)	21			19			2			11
Residential	11			9			2			22		19			15			4			27
Consumer	13			12			1			8		26			23			3			13
Total recoveries	31			30			1			3		66			57			9			16
Net charge-offs	(70		)	(137		)	(67		)	(49	)	(182		)	(221		)	(39		)	(18	)
Allowance for credit losses, end of period		$1,803			$1,840			($37	)	(2	)%		$1,803			$1,840			($37	)	(2	)%
Components:
Allowance for loan and lease losses ("ALLL")													$1,731			$1,774			($43	)	(2	)%
Unfunded commitments reserve												72			66			6			9
Allowance for credit losses													$1,803			$1,840			($37	)	(2	)%
Net charge-offs to average loans held for investment ("LHFI") (annualized):
Commercial	0.10		%	0.46		%	(0.36		)	(78	)%	0.18		%	0.29		%	(0.11		)	(38	)%
Residential	0.16			0.24			(0.08		)	(33	)	0.19			0.30			(0.11		)	(37	)
Consumer	0.54			0.39			0.15			38		0.59			0.44			0.15			34
Total net charge-offs to total average LHFI	0.20			0.39			(0.19		)	(49	)	0.26			0.32			(0.06		)	(19	)
Period Ended
Nonaccrual/nonperforming loans ("NPLs"):
Commercial													$325			$503			($178	)	(35	)%
Residential												419			433			(14		)	(3	)
Consumer												10			8			2			25
Total nonaccrual/NPLs												754			944			(190		)	(20	)
Other real estate owned (“OREO”)												61			49			12			24
Other repossessed assets												6			8			(2		)	(25	)
Total nonperforming assets ("NPAs")													$821			$1,001			($180	)	(18	)%
Accruing restructured loans													$2,524			$2,541			($17	)	(1	)%
Nonaccruing restructured loans												321			307			14			5
Accruing LHFI past due > 90 days (guaranteed)												1,221			999			222			22
Accruing LHFI past due > 90 days (non-guaranteed)												30			42			(12		)	(29	)
Accruing LHFS past due > 90 days												1			1			—			—
NPLs to total LHFI												0.52		%	0.67		%	(0.15		)	(22	)%
NPAs to total LHFI plus OREO and other repossessed assets												0.57			0.71			(0.14		)	(20	)
ALLL to period-end LHFI 1, 2												1.20			1.25			(0.05		)	(4	)
ALLL to NPLs 1, 2												2.31x			1.89x			0.42x			22

¹ This ratio is computed using the 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.

19

SunTrust Banks, Inc. and Subsidiaries FIVE QUARTER OTHER FINANCIAL DATA
	Three Months Ended											Three Months Ended
	June 30			March 31			Increase/(Decrease)					December 31			September 30			June 30
(Dollars in millions) (Unaudited)	2017			2017			Amount			% 3		2016			2016			2016
CREDIT DATA
Allowance for credit losses, beginning of period		$1,783			$1,776			$7		—	%		$1,811			$1,840			$1,831
Provision/(benefit) for unfunded commitments	3			2			1			50		(1		)	2			5
Provision/(benefit) for loan losses:
Commercial	39			46			(7		)	(15	)	36			81			114
Residential	(2		)	5			(7		)	NM		13			(36		)	(4		)
Consumer	50			66			(16		)	(24	)	53			50			31
Total provision for loan losses	87			117			(30		)	(26	)	102			95			141
Charge-offs:
Commercial	(26		)	(63		)	(37		)	(59	)	(78		)	(78		)	(99		)
Residential	(26		)	(29		)	(3		)	(10	)	(34		)	(28		)	(33		)
Consumer	(49		)	(54		)	(5		)	(9	)	(51		)	(44		)	(35		)
Total charge-offs	(101		)	(146		)	(45		)	(31	)	(163		)	(150		)	(167		)
Recoveries:
Commercial	7			13			(6		)	(46	)	9			7			9
Residential	11			9			2			22		8			7			9
Consumer	13			12			1			8		10			10			12
Total recoveries	31			34			(3		)	(9	)	27			24			30
Net charge-offs	(70		)	(112		)	(42		)	(38	)	(136		)	(126		)	(137		)
Allowance for credit losses, end of period		$1,803			$1,783			$20		1	%		$1,776			$1,811			$1,840
Components:
ALLL		$1,731			$1,714			$17		1	%		$1,709			$1,743			$1,774
Unfunded commitments reserve	72			69			3			4		67			68			66
Allowance for credit losses		$1,803			$1,783			$20		1	%		$1,776			$1,811			$1,840
Net charge-offs to average LHFI (annualized):
Commercial	0.10		%	0.26		%	(0.16		)	(62	)%	0.35		%	0.37		%	0.46		%
Residential	0.16			0.22			(0.06		)	(27	)	0.26			0.21			0.24
Consumer	0.54			0.64			(0.10		)	(16	)	0.64			0.52			0.39
Total net charge-offs to total average LHFI	0.20			0.32			(0.12		)	(38	)	0.38			0.35			0.39
Period Ended
Nonaccrual/NPLs:
Commercial		$325			$352			($27	)	(8	)%		$414			$513			$503
Residential	419			428			(9		)	(2	)	424			429			433
Consumer	10			9			1			11		7			7			8
Total nonaccrual/NPLs	754			789			(35		)	(4	)	845			949			944
OREO	61			62			(1		)	(2	)	60			57			49
Other repossessed assets	6			7			(1		)	(14	)	14			13			8
Total NPAs		$821			$858			($37	)	(4	)%		$919			$1,019			$1,001
Accruing restructured loans		$2,524			$2,545			($21	)	(1	)%		$2,535			$2,522			$2,541
Nonaccruing restructured loans	321			329			(8		)	(2	)	306			306			307
Accruing LHFI past due > 90 days (guaranteed)	1,221			1,190			31			3		1,254			1,114			999
Accruing LHFI past due > 90 days (non-guaranteed)	30			37			(7		)	(19	)	34			30			42
Accruing LHFS past due > 90 days	1			1			—			—		1			2			1
NPLs to total LHFI	0.52		%	0.55		%	(0.03		)	(5	)%	0.59		%	0.67		%	0.67		%
NPAs to total LHFI plus OREO and other repossessed assets	0.57			0.60			(0.03		)	(5	)	0.64			0.72			0.71
ALLL to period-end LHFI 1, 2	1.20			1.20			—			—		1.19			1.23			1.25
ALLL to NPLs 1, 2	2.31x			2.18x			0.13x			6		2.03x			1.84x			1.89x

¹ This ratio is computed using the 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.

20

SunTrust Banks, Inc. and Subsidiaries OTHER FINANCIAL DATA, continued
	Three Months Ended June 30									Six Months Ended June 30
(Dollars in millions) (Unaudited)	MSRs - Fair Value			Other			Total			MSRs - Fair Value			Other			Total
OTHER INTANGIBLE ASSETS ROLLFORWARD
Balance, beginning of period		$1,182			$16			$1,198			$1,307			$18			$1,325
Amortization	—			(2		)	(2		)	—			(4		)	(4		)
Servicing rights originated	64			—			64			110			—			110
Servicing rights purchased	—			—			—			77			—			77
Fair value changes due to inputs and assumptions 1	(129		)	—			(129		)	(333		)	—			(333		)
Other changes in fair value 2	(56		)	—			(56		)	(99		)	—			(99		)
Servicing rights sold	—			—			—			(1		)	—			(1		)
Balance, June 30, 2016		$1,061			$14			$1,075			$1,061			$14			$1,075
Balance, beginning of period		$1,645			$84			$1,729			$1,572			$85			$1,657
Amortization	—			(5		)	(5		)	—			(10		)	(10		)
Servicing rights originated	65			2			67			162			7			169
Fair value changes due to inputs and assumptions 1	(43		)	—			(43		)	(16		)	—			(16		)
Other changes in fair value 2	(58		)	—			(58		)	(109		)	—			(109		)
Servicing rights sold	(1		)	—			(1		)	(1		)	—			(1		)
Other 3	—			—			—			—			(1		)	(1		)
Balance, June 30, 2017		$1,608			$81			$1,689			$1,608			$81			$1,689

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/Cohen acquisition.

	Three Months Ended
	June 30		March 31		December 31		September 30		June 30
(Shares in thousands) (Unaudited)	2017		2017		2016		2016		2016
COMMON SHARES OUTSTANDING ROLLFORWARD
Balance, beginning of period	485,712		491,188		495,936		501,412		505,443
Common shares issued for employee benefit plans	111		1,536		560		259		752
Repurchases of common stock	(4,179	)	(7,012	)	(5,308	)	(5,735	)	(4,783	)
Balance, end of period	481,644		485,712		491,188		495,936		501,412

21

SunTrust Banks, Inc. and Subsidiaries APPENDIX A TO THE EARNINGS RELEASE - RECONCILEMENT OF NON-U.S. GAAP MEASURES 1
	Three Months Ended															Six Months Ended
	June 30			March 31			December 31			September 30			June 30			June 30
(Dollars in millions) (Unaudited)	2017			2017			2016			2016			2016			2017			2016
Net interest income		$1,403			$1,366			$1,343			$1,308			$1,288			$2,769			$2,569
Fully taxable-equivalent ("FTE") adjustment	36			34			34			34			35			70			71
Net interest income-FTE 2	1,439			1,400			1,377			1,342			1,323			2,839			2,640
Noninterest income	827			847			815			889			898			1,674			1,680
Total revenue-FTE 2		$2,266			$2,247			$2,192			$2,231			$2,221			$4,513			$4,320
Return on average common shareholders’ equity	9.08		%	8.19		%	7.85		%	7.89		%	8.43		%	8.64		%	8.07		%
Impact of removing average intangible assets and related pre-tax amortization, other than MSRs and other servicing rights	3.43			3.09			2.91			2.84			3.11			3.26			3.00
Return on average tangible common shareholders' equity 3	12.51		%	11.28		%	10.76		%	10.73		%	11.54		%	11.90		%	11.07		%
Net interest margin	3.06		%	3.02		%	2.93		%	2.88		%	2.91		%	3.04		%	2.93		%
Impact of FTE adjustment	0.08			0.07			0.07			0.08			0.08			0.07			0.08
Net interest margin-FTE 2	3.14		%	3.09		%	3.00		%	2.96		%	2.99		%	3.11		%	3.01		%
Noninterest expense		$1,388			$1,465			$1,397			$1,409			$1,345			$2,853			$2,663
Total revenue	2,230			2,213			2,158			2,197			2,186			4,443			4,249
Efficiency ratio 4	62.24		%	66.20		%	64.74		%	64.13		%	61.53		%	64.21		%	62.67		%
Impact of FTE adjustment	(1.00		)	(1.01		)	(1.01		)	(0.99		)	(0.97		)	(1.00		)	(1.02		)
Efficiency ratio-FTE 2, 4	61.24			65.19			63.73			63.14			60.56			63.21			61.65
Impact of excluding amortization related to intangible assets and certain tax credits	(0.65		)	(0.59		)	(0.65		)	(0.60		)	(0.51		)	(0.62		)	(0.49		)
Tangible efficiency ratio-FTE 2, 5	60.59		%	64.60		%	63.08		%	62.54		%	60.05		%	62.59		%	61.16		%
Basel III Common Equity Tier 1 ("CET1") ratio (transitional) 6	9.67		%	9.69		%	9.59		%	9.78		%	9.84		%
Impact of MSRs and other under fully phased-in approach	(0.15		)	(0.15		)	(0.16		)	(0.12		)	(0.11		)
Basel III fully phased-in CET1 ratio 6	9.52		%	9.54		%	9.43		%	9.66		%	9.73		%

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.

22

SunTrust Banks, Inc. and Subsidiaries APPENDIX A TO THE EARNINGS RELEASE - RECONCILEMENT OF NON-U.S. GAAP MEASURES, continued 1
	June 30			March 31			December 31			September 30			June 30
(Dollars in millions, except per share data) (Unaudited)	2017			2017			2016			2016			2016
Total shareholders' equity		$24,477			$23,484			$23,618			$24,449			$24,464
Goodwill, net of deferred taxes of $253 million, $252 million, $251 million, $248 million, and $246 million, respectively	(6,085		)	(6,086		)	(6,086		)	(6,089		)	(6,091		)
Other intangible assets (including MSRs and other servicing rights)	(1,689		)	(1,729		)	(1,657		)	(1,131		)	(1,075		)
MSRs and other servicing rights	1,671			1,711			1,638			1,124			1,067
Tangible equity 2	18,374			17,380			17,513			18,353			18,365
Noncontrolling interest	(103		)	(101		)	(103		)	(101		)	(103		)
Preferred stock	(1,975		)	(1,225		)	(1,225		)	(1,225		)	(1,225		)
Tangible common equity 2		$16,296			$16,054			$16,185			$17,027			$17,037
Total assets		$207,223			$205,642			$204,875			$205,091			$198,892
Goodwill	(6,338		)	(6,338		)	(6,337		)	(6,337		)	(6,337		)
Other intangible assets (including MSRs and other servicing rights)	(1,689		)	(1,729		)	(1,657		)	(1,131		)	(1,075		)
MSRs and other servicing rights	1,671			1,711			1,638			1,124			1,067
Tangible assets		$200,867			$199,286			$198,519			$198,747			$192,547
Tangible equity to tangible assets 2	9.15		%	8.72		%	8.82		%	9.23		%	9.54		%
Tangible common equity to tangible assets 2	8.11			8.06			8.15			8.57			8.85
Tangible book value per common share 3		$33.83			$33.05			$32.95			$34.33			$33.98

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.

23

SunTrust Banks, Inc. and Subsidiaries CONSUMER BUSINESS SEGMENT 1
	Three Months Ended June 30								Six Months Ended June 30
(Dollars in millions) (Unaudited)	2017			2016			% Change		2017			2016			% Change 5
Statements of Income:
Net interest income		$910			$849		7	%		$1,793			$1,692		6	%
FTE adjustment	—			—			—		—			—			—
Net interest income-FTE 2	910			849			7		1,793			1,692			6
Provision for credit losses 3	75			43			74		163			61			NM
Net interest income-FTE - after provision for credit losses 2	835			806			4		1,630			1,631			—
Noninterest income before net securities gains	465			532			(13	)	928			1,013			(8	)
Net securities gains	—			—			—		—			—			—
Total noninterest income	465			532			(13	)	928			1,013			(8	)
Noninterest expense before amortization	945			932			1		1,932			1,849			4
Amortization	1			1			—		1			1			—
Total noninterest expense	946			933			1		1,933			1,850			4
Income-FTE - before provision for income taxes 2	354			405			(13	)	625			794			(21	)
Provision for income taxes	127			152			(16	)	224			297			(25	)
Tax credit adjustment	—			—			—		—			—			—
FTE adjustment	—			—			—		—			—			—
Net income including income attributable to noncontrolling interest	227			253			(10	)	401			497			(19	)
Less: net income attributable to noncontrolling interest	—			—			—		—			—			—
Net income		$227			$253		(10	)%		$401			$497		(19	)%
Total revenue		$1,375			$1,381		—	%		$2,721			$2,705		1	%
Total revenue-FTE 2	1,375			1,381			—		2,721			2,705			1
Selected Average Balances:
Total LHFI		$72,088			$69,170		4	%		$71,658			$68,391		5	%
Goodwill	4,262			4,262			—		4,262			4,262			—
Other intangible assets excluding MSRs	8			14			(43	)	9			15			(40	)
Total assets	81,803			78,387			4		81,574			77,476			5
Consumer and commercial deposits	103,145			100,482			3		102,488			98,265			4
Performance Ratios:
Efficiency ratio	68.80		%	67.63		%			71.02		%	68.37		%
Impact of FTE adjustment	—			—					—			—
Efficiency ratio-FTE 2	68.80			67.63					71.02			68.37
Impact of excluding amortization and associated funding cost of intangible assets	(1.14		)	(1.09		)			(1.17		)	(1.14		)
Tangible efficiency ratio-FTE 2, 4	67.66		%	66.54		%			69.85		%	67.23		%
Mortgage Production Data:
Channel mix
Retail		$2,692			$3,404		(21	)%		$4,984			$5,655		(12	)%
Correspondent	3,733			3,879			(4	)	6,932			6,580			5
Total production		$6,425			$7,283		(12	)%		$11,916			$12,235		(3	)%
Channel mix - percent
Retail	42		%	47		%			42		%	46		%
Correspondent	58			53					58			54
Total production	100		%	100		%			100		%	100		%
Purchase and refinance mix
Refinance		$1,962			$3,269		(40	)%		$4,493			$5,881		(24	)%
Purchase	4,463			4,014			11		7,423			6,354			17
Total production		$6,425			$7,283		(12	)%		$11,916			$12,235		(3	)%
Purchase and refinance mix - percent
Refinance	31		%	45		%			38		%	48		%
Purchase	69			55					62			52
Total production	100		%	100		%			100		%	100		%
Applications		$8,273			$11,225		(26	)%		$16,017			$20,430		(22	)%
Mortgage Servicing Data (End of Period):
Total loans serviced										$165,601			$154,474		7	%
Total loans serviced for others									136,115			125,408			9
Net carrying value of MSRs									1,608			1,061			52
Ratio of net carrying value of MSRs to total loans serviced for others									1.181		%	0.846		%

24

Assets Under Administration (End of Period):
Trust and institutional managed assets		$41,572		$40,541	3	%
Retail brokerage managed assets	14,826		11,751		26
Total managed assets	56,398		52,292		8
Non-managed assets	95,463		92,917		3
Total assets under advisement		$151,861		$145,209	5	%

¹  Beginning in the second quarter of 2017, the Company realigned its business segment structure from three segments to two segments based on, among other things, the manner in which financial information is evaluated by management and in conjunction with Company-wide organizational changes that were announced during the first quarter of 2017. Specifically, the Company retained the previous composition of the Wholesale Banking segment and changed the basis of presentation of the Consumer Banking and Private Wealth Management segment and Mortgage Banking segment such that those segments were combined into a single Consumer segment. Accordingly, prior period information has been revised to conform to the new business segment structure and updated internal funds transfer pricing methodology for consistent presentation.

²  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.

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 commitment reserve balances.

⁴  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.

⁵ “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

25

SunTrust Banks, Inc. and Subsidiaries WHOLESALE BUSINESS SEGMENT
	Three Months Ended June 30								Six Months Ended June 30
(Dollars in millions) (Unaudited)	2017			2016			% Change 4		2017			2016			% Change 4
Statements of Income:
Net interest income		$555			$486		14	%		$1,095			$978		12	%
FTE adjustment	35			34			3		69			69			—
Net interest income-FTE 1	590			520			13		1,164			1,047			11
Provision for credit losses 2	15			103			(85	)	47			186			(75	)
Net interest income-FTE - after provision for credit losses 1	575			417			38		1,117			861			30
Noninterest income before net securities gains	386			329			17		788			640			23
Net securities gains	—			—			—		—			—			—
Total noninterest income	386			329			17		788			640			23
Noninterest expense before amortization	443			404			10		914			801			14
Amortization	14			11			27		27			20			35
Total noninterest expense	457			415			10		941			821			15
Income-FTE - before provision for income taxes 1	504			331			52		964			680			42
Provision for income taxes	116			60			93		216			128			69
Tax credit adjustment	36			29			24		73			57			28
FTE adjustment	35			34			3		69			69			—
Net income including income attributable to noncontrolling interest	317			208			52		606			426			42
Less: net income attributable to noncontrolling interest	—			—			—		—			—			—
Net income		$317			$208		52	%		$606			$426		42	%
Total revenue		$941			$815		15	%		$1,883			$1,618		16	%
Total revenue-FTE 1	976			849			15		1,952			1,687			16
Selected Average Balances:
Total LHFI		$72,278			$72,010		—	%		$72,329			$71,353		1	%
Goodwill	2,076			2,075			—		2,076			2,075			—
Other intangible assets excluding MSRs	75			1			NM		75			1			NM
Total assets	85,735			85,988			—		85,764			85,137			1
Consumer and commercial deposits	55,801			53,651			4		56,389			53,386			6
Performance Ratios:
Efficiency ratio	48.58		%	50.82		%			49.93		%	50.75		%
Impact of FTE adjustment	(1.76		)	(2.06		)			(1.76		)	(2.08		)
Efficiency ratio-FTE 1	46.82			48.76					48.17			48.67
Impact of excluding amortization and associated funding cost of intangible assets	(1.96		)	(1.84		)			(1.90		)	(1.79		)
Tangible efficiency ratio-FTE 1, 3	44.86		%	46.92		%			46.27		%	46.88		%

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.

26

SunTrust Banks, Inc. and Subsidiaries CORPORATE OTHER
	Three Months Ended June 30								Six Months Ended June 30
(Dollars in millions) (Unaudited)	2017			2016			% Change 4		2017			2016			% Change 4
Statements of Income:
Net interest income/(expense) 1		($62	)		($47	)	(32	)%		($119	)		($101	)	(18	)%
FTE adjustment	1			1			—		1			2			(50	)
Net interest income/(expense)-FTE 2	(61		)	(46		)	(33	)	(118		)	(99		)	(19	)
Provision/(benefit) for credit losses 3	—			—			—		(1		)	(1		)	—
Net interest income/(expense)-FTE - after provision/(benefit) for credit losses 2	(61		)	(46		)	(33	)	(117		)	(98		)	(19	)
Noninterest income/(expense) before net securities gains	(25		)	33			NM		(43		)	23			NM
Net securities gains	1			4			(75	)	1			4			(75	)
Total noninterest income/(expense)	(24		)	37			NM		(42		)	27			NM
Noninterest expense/(income) before amortization	(15		)	(2		)	NM		(21		)	(8		)	NM
Amortization	—			(1		)	(100	)	—			—			—
Total noninterest expense/(income)	(15		)	(3		)	NM		(21		)	(8		)	NM
Income/(loss)-FTE - before benefit for income taxes 2	(70		)	(6		)	NM		(138		)	(63		)	NM
Benefit for income taxes	(21		)	(11		)	(91	)	(59		)	(29		)	NM
Tax credit adjustment	(36		)	(29		)	(24	)	(73		)	(57		)	(28	)
FTE adjustment	1			1			—		1			2			(50	)
Net income/(loss) including income attributable to noncontrolling interest	(14		)	33			NM		(7		)	21			NM
Less: net income attributable to noncontrolling interest	2			2			—		5			5			—
Net income/(loss)		($16	)		$31		NM			($12	)		$16		NM
Total revenue		($86	)		($10	)	NM			($161	)		($74	)	NM
Total revenue-FTE 2	(85		)	(9		)	NM		(160		)	(72		)	NM
Selected Average Balances:
Total LHFI		$74			$58		28	%		$71			$61		16	%
Securities available for sale	30,967			28,021			11		30,902			27,647			12
Goodwill	—			—			—		—			—			—
Other intangible assets excluding MSRs	—			—			—		—			—			—
Total assets	36,956			33,930			9		37,036			33,047			12
Consumer and commercial deposits	190			33			NM		129			47			NM
Other Information (End of Period):
Duration of investment portfolio (in years)									4.5			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									3.7		%	4.2		%
Instantaneous 100 basis point increase in rates over next 12 months									2.1		%	2.3		%
Instantaneous 25 basis point decrease in rates over next 12 months									(0.7		)%	(0.7		)%

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/(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 commitments reserve balances.

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

27

SunTrust Banks, Inc. and Subsidiaries

CONSOLIDATED SEGMENT TOTALS

	Three Months Ended June 30								Six Months Ended June 30
(Dollars in millions) (Unaudited)	2017			2016			% Change 2		2017			2016			% Change 2
Statements of Income:
Net interest income		$1,403			$1,288		9	%		$2,769			$2,569		8	%
FTE adjustment	36			35			3		70			71			(1	)
Net interest income-FTE 1	1,439			1,323			9		2,839			2,640			8
Provision for credit losses	90			146			(38	)	209			246			(15	)
Net interest income-FTE - after provision for credit losses 1	1,349			1,177			15		2,630			2,394			10
Noninterest income before net securities gains	826			894			(8	)	1,673			1,676			—
Net securities gains	1			4			(75	)	1			4			(75	)
Total noninterest income	827			898			(8	)	1,674			1,680			—
Noninterest expense before amortization	1,373			1,334			3		2,825			2,642			7
Amortization	15			11			36		28			21			33
Total noninterest expense	1,388			1,345			3		2,853			2,663			7
Income-FTE - before provision for income taxes 1	788			730			8		1,451			1,411			3
Provision for income taxes	222			201			10		381			396			(4	)
Tax credit adjustment	—			—			—		—			—			—
FTE adjustment	36			35			3		70			71			(1	)
Net income including income attributable to noncontrolling interest	530			494			7		1,000			944			6
Less: net income attributable to noncontrolling interest	2			2			—		5			5			—
Net income		$528			$492		7	%		$995			$939		6	%
Total revenue		$2,230			$2,186		2	%		$4,443			$4,249		5	%
Total revenue-FTE 1	2,266			2,221			2		4,513			4,320			4
Selected Average Balances:
Total LHFI		$144,440			$141,238		2	%		$144,058			$139,805		3	%
Goodwill	6,338			6,337			—		6,338			6,337			—
Other intangible assets excluding MSRs	83			15			NM		84			16			NM
Total assets	204,494			198,305			3		204,374			195,660			4
Consumer and commercial deposits	159,136			154,166			3		159,006			151,698			5
Performance Ratios:
Efficiency ratio	62.24		%	61.53		%			64.21		%	62.67		%
Impact of FTE adjustment	(1.00		)	(0.97		)			(1.00		)	(1.02		)
Efficiency ratio-FTE 1	61.24			60.56					63.21			61.65
Impact of excluding amortization and associated funding cost of intangible assets	(0.65		)	(0.51		)			(0.62		)	(0.49		)
Tangible efficiency ratio-FTE 1	60.59		%	60.05		%			62.59		%	61.16		%

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.

28

EX-99..2

2Q 17 EARNINGS PRESENTATION July 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 22. 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, return on average tangible common equity, 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 considers 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, premium amortization expense, tangible efficiency ratio, net charge-off ratio, loan loss provision expense, ALLL, dividend yield, preferred dividends, and Common Equity Tier 1 ratio 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,” “forecast”, “goals”, “plans,” “targets,” “initiatives,” “opportunity,” “focus”, “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; 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 $0.94 $0.91 $0.90 $0.91 $1.03 2Q 16 3Q 16 4Q 16 1Q 17 2Q 17 1. The efficiency ratio and tangible efficiency ratios are reported on fully taxable-equivalent (“FTE”) basis. Please refer to slide 22 for GAAP reconciliations 2. Basel III CET1 ratio (transitional) is 9.7%. Please refer to slide 23 for Basel III CET1 (transitional) to Basel III CET1 (fully phased-In) reconciliation 2Q 17 EARNINGS OVERVIEW EPS Trends Profitability • $39 million increase in net interest income (FTE) → Revenue up 1% • Continued efficiency progress → Efficiency ratio of 61.2%; tangible efficiency ratio of 60.6%1 Balance Sheet • Net interest margin improved 5 bps • Average performing loans up 1% → Consumer loans up 3% Credit & Capital • Strong asset quality performance → NCO ratio declined 12 bps to 0.20% → NPL ratio declined 3 bps to 0.52% • Announced 2017 Capital Plan → 54% increase in quarterly dividend → 38% increase in share repurchases • 9.5% Basel III CET1 ratio (fully phased- in)2 Key Highlights All changes reflect sequential (1Q 17 to 2Q 17) trends, unless otherwise noted Prior Quarter Variance • EPS increased $0.12, or 13% → Strong performance driven by lower expenses, higher net interest margin, and asset quality improvements Prior Year Variance • EPS increased $0.09, or 10% → Primarily driven by higher net interest income and lower provision expense

4 NET INTEREST INCOME1 Net interest income up 3% sequentially and 9% YoY, driven by NIM expansion and balance sheet growth Prior Quarter Variance • Net interest margin (FTE) increased 5 bps, driven primarily by higher loan yields as a result of the increases in short-term rates • Net interest income (FTE) increased $39 million, or 3%, as a result of NIM improvement and growth in average earning assets Prior Year Variance • Net interest margin (FTE) increased 15 bps, driven by: → Higher loan yields as a result of the increases in short-term rates → Continued balance sheet optimization • Net interest income (FTE) increased $116 million, or 9%, driven by NIM expansion and 3% 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 (FTE) is calculated as net interest income (FTE) divided by average earning assets (on an annualized basis) 2. Please refer to slide 22 for a reconciliation of net interest income to net interest income (FTE) 2 $1,288 $1,308 $1,343 $1,366 $1,403 $1,323 $1,342 $1,377 $1,400 $1,439 2.99% 2.96% 3.00% 3.09% 3.14% 2Q 16 3Q 16 4Q 16 1Q 17 2Q 17 Net Interest Income Net Interest Income (FTE) NIM (FTE) ($ in millions)

5 NONINTEREST INCOME Prior Quarter Variance • Noninterest income decreased $20 million, driven primarily by record investment banking performance in 1Q 17 → 2Q 17 represents third best quarter for investment banking income; up 17% YoY Prior Year Variance • Noninterest income decreased $71 million due to: → $55 million decrease in mortgage-production income as a result of lower refinancing activity and lower gain on sale margins → $44 million net asset-related gains recognized in 2Q 16 (recorded in other noninterest income) → $11 million decline in service charges as a result of posting order changes implemented in 4Q 16 • Partially offset by higher capital markets and commercial real estate-related income $898 $889 $815 $847 $827 2Q 16 3Q 16 4Q 16 1Q 17 2Q 17 Noninterest income slightly lower sequentially ($ in millions)

6 NONINTEREST EXPENSE Prior Quarter Variance • Noninterest expense decreased $77 million, or 5% → Driven primarily by seasonal declines in personnel costs, lower operating losses, and reduced costs associated with branch closures and severance Prior Year Variance • Noninterest expense up 3%, driven by: → Acquisition of Pillar/Cohen1 → Higher compensation costs as a result of strong revenue growth and ongoing investments in talent → Higher FDIC premium and net occupancy costs (both of which stepped up in 3Q 16) $1,345 $1,409 $1,397 $1,465 $1,388 2Q 16 3Q 16 4Q 16 1Q 17 2Q 17 Seasonality and ongoing efficiency initiatives drive sequential decrease in expenses 1. “Pillar/Cohen” refers to the businesses purchased in December 2016 from Pillar Financial, LLC and its wholly owned subsidiaries (including Cohen Financial Services (DE), LLC) ($ 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 Good efficiency performance in 2Q; 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 22 for reconciliations related to the efficiency ratio 2019 TER Target EFFICIENCY RATIO & TANGIBLE EFFICIENCY RATIO1 2 2 2 2 2017 TER Target 60.1% 62.5% 63.1% 64.6% 60.6% 60.6% 63.1% 63.7% 65.2% 61.2% 2Q 16 3Q 16 4Q 16 1Q 17 2Q 17 Tangible Efficiency Ratio (TER) Efficiency Ratio

8 CREDIT QUALITY  ALLL remains relatively stable, as expected Strong asset quality position ($ in millions)  NPLs decline, driven by the resolution of certain energy credits  NCO ratio at multi-year lows Nonperforming Loans Net Charge-offs Provision for Credit Losses Allowance for Loan and Lease Losses $944 $949 $845 $789 $754 0.67% 0.67% 0.59% 0.55% 0.52% 2Q 16 3Q 16 4Q 16 1Q 17 2Q 17 NPLs Total NPL Ratio $137 $126 $136 $112 $70 0.39% 0.35% 0.38% 0.32% 0.20% 2Q 16 3Q 16 4Q 16 1Q 17 2Q 17 NCOs Total NCO Ratio (annualized) $146 $97 $101 $119 $90 2Q 16 3Q 16 4Q 16 1Q 17 2Q 17 $1,774 $1,743 $1,709 $1,714 $1,731 1.25% 1.23% 1.19% 1.20% 1.20% 2Q 16 3Q 16 4Q 16 1Q 17 2Q 17 ALLL ALLL Ratio  Lower provision due to lower net charge-offs

9 LOANS Average performing loans up 1% sequentially ($ 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 consumer lending Prior Year Variance • Average performing loans increased $3.4 billion, or 2% • Positive mix shift continues, driven by ongoing investments in LightStream, credit card, and other consumer lending initiatives → Consumer loans up 14% → Commercial loans up 1% $77.6 $77.1 $77.4 $78.2 $78.4 $38.8 $39.0 $38.8 $38.3 $38.1 $23.9 $25.2 $25.5 $26.3 $27.2 $140.3 $141.3 $141.7 $142.8 $143.7 2Q 16 3Q 16 4Q 16 1Q 17 2Q 17 Commercial Residential Consumer

10 DEPOSITS Average client deposits stable sequentially and up 3% YoY ($ in billions, average balances) Prior Quarter Variance • Average client deposits stable and period-end balances down 2% due to seasonality and strategic balance sheet management of higher-cost deposits • Interest-bearing deposit costs increased 4 bps Prior Year Variance • Average client deposits up 3%, reflects solid momentum on expanding and strengthening client relationships across the Company → Consumer average deposits up 3% → Wholesale average deposits up 4% $53.2 $54.5 $54.4 $54.9 $54.2 $43.0 $43.6 $44.8 $43.1 $43.6 $41.7 $41.2 $42.9 $44.7 $44.4 $9.9 $9.7 $9.6 $9.7 $10.2 $6.4 $6.3 $6.3 $6.4 $6.6 $154.2 $155.3 $158.0 $158.9 $159.1 2Q 16 3Q 16 4Q 16 1Q 17 2Q 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 23 for additional details on the current quarter’s calculation 2. Please refer to slide 24 for a reconcilement of total equity to tangible common equity and total assets to tangible assets 3. Please refer to slide 24 for a reconcilement of book value per share to tangible book value per share 12.1% 12.1% 11.8% 11.6% 11.8% 8.8% 8.6% 8.2% 8.1% 8.1% 2Q 16 3Q 16 4Q 16 1Q 17 2Q 17 Avg. Equity/Avg. Assets Tangible Common Equity/Tangible Assets $46.14 $46.63 $45.38 $45.62 $46.51 $33.98 $34.33 $32.95 $33.05 $33.83 2Q 16 3Q 16 4Q 16 1Q 17 2Q 17 Book Value Per Share Tangible Book Value Per Share $16.7 $16.8 $16.9 $16.8 $17.0 9.8% 9.8% 9.6% 9.7% 9.7% 9.7% 9.7% 9.4% 9.5% 9.5% 0 0 0 0 0 0 0 2Q 16 3Q 16 4Q 16 1Q 17 2Q 17 Basel III CET1 ratio Basel III fully phased-in CET1 ratio

12 ($ in millions) 2Q 16 1Q 17 2Q 17 %Δ Prior Qtr %Δ Prior Yr Net Interest Income $849 $883 $910 3 % 7 % Noninterest Income 532 463 465 0 % (13)% Total Revenue 1,381 1,346 1,375 2 % (0)% Provision for Credit Losses 43 88 75 (15)% NM Noninterest Expense 933 986 946 (4)% 1 % Net Income $253 $174 $227 30 % (10)% Key Statistics ($ in billions) Total Loans (average) $69.2 $71.2 $72.1 1 % 4 % Client Deposits (average) $100.5 $101.8 $103.1 1 % 3 % Managed Assets $52.3 $55.7 $56.4 1 % 8 % Efficiency Ratio 67.6% 73.3% 68.8% Tangible Efficiency Ratio¹ 66.5% 72.1% 67.7% Mortgage Data: Servicing Portfolio for Others $125.4 $135.6 $136.1 0 % 9 % Production Volume $7.3 $5.5 $6.4 17 % (12)% Application Volume $11.2 $7.7 $8.3 7 % (26)% CONSUMER SEGMENT HIGHLIGHTS 1. Please refer to page 24-25 of the earnings press release for a reconciliation of efficiency ratio to tangible efficiency ratio Note: NM = not meaningful Continued loan, deposit, and revenue momentum • Net interest income up 3% as a result of NIM expansion and solid balance sheet growth → Average loans and deposits up 1% • Noninterest income stable as decline in mortgage servicing income was offset by increases in card fees and wealth management-related income • Net income increased $53 million as a result of seasonal declines in expenses, higher revenue, and lower provision expense Prior Quarter Variance • Solid business momentum overall, particularly with regards to more stable revenue streams → Average loans up 4% → Average deposits up 3% → Managed assets up 8% • Noninterest income down 13%, driven by $55 million decline in mortgage production income • Noninterest expense up 1% as a result of higher net occupancy expense and FDIC premiums (both of which stepped up in 3Q 16) • Provision expense increased $32 million as a result of lower residential-related reserve releases and targeted growth in consumer lending (net charge- offs stable) Prior Year Variance

13 ($ in millions) 2Q 16 1Q 17 2Q 17 %Δ Prior Qtr %Δ Prior Yr Net Interest Income (FTE) $520 $572 $590 3 % 13 % Noninterest Income 329 401 386 (4)% 17 % Total Revenue (FTE) 849 973 976 0 % 15 % Provision/(Benefit) for Credit Losses 103 31 15 (52)% (85)% Noninterest Expense 415 482 457 (5)% 10 % Net Income $208 $289 $317 10 % 52 % Key Statistics ($ in billions) Total Loans (average) $72.0 $72.4 $72.3 (0)% 0 % Client Deposits (average) $53.7 $57.0 $55.8 (2)% 4 % Efficiency Ratio (FTE)¹ 48.8% 49.5% 46.8% Tangible Efficiency Ratio (FTE)¹ 46.9% 47.7% 44.9% WHOLESALE SEGMENT HIGHLIGHTS 1. Please refer to page 26 of the earnings press release for a reconciliation of efficiency ratio (FTE) to tangible efficiency ratio (FTE) 2. “Pillar/Cohen” refers to the businesses purchased in December 2016 from Pillar Financial, LLC and its wholly owned subsidiaries (including Cohen Financial Services (DE), LLC) Strong execution and favorable market conditions result in record revenue and net income • Record total revenue (FTE) → Net interest income (FTE) up 3%, driven by NIM expansion → Strong overall noninterest income trends (sequential decline driven by record investment banking income in 1Q 17) • Net income increased $28 million driven by: → Seasonal declines in noninterest expense → $16 million decrease in provision expense (lower net charge-offs) Prior Quarter Variance • Total revenue (FTE) up 15% driven by: → $70 million increase in net interest income (FTE) → $33 million increase in capital markets-related income → ~$20 million incremental revenue from Pillar/Cohen2 • $88 million decrease in provision expense driven primarily by the resolution of energy credits • Noninterest expense up 10% as a result of: → Pillar/Cohen2 acquisition (closed in December 2016) → Ongoing investments in technology • 200 bp improvement in tangible efficiency ratio (FTE) Prior Year Variance

14 EXECUTING AGAINST OUR STRATEGIES: WELL POSITIONED FOR FUTURE SUCCESS • 15 bp YoY and 5 bp QoQ increase in NIM (FTE) • 60.6% tangible efficiency ratio2; on track to achieve targets → 2017 TER: 61-62% → 2019 TER: <60% • 6% reduction in branch count accomplished within last six months Improving Efficiency & Returns • Strong capital position enables 54% increase in dividends and 38% increase in share repurchases → Strong underwriting discipline drives consistently low loan loss rates in CCAR relative to other banks • 9.5% Basel III CET1 ratio (fully phased-in)3 • Issued $750 million 5.05% preferred stock Strong Capital Position Investment Thesis Strong & Diverse Franchise; Investing in Growth • 2% revenue growth driven by: → 9% increase in net interest income (FTE) as a result of improved rate environment and continued balance sheet optimization → Consistent growth in areas of differentiation (investment banking income up 17% and consumer lending average balances up 14%) • 10% EPS growth achieved despite ~40% decline in mortgage-related income; reflects franchise diversity 2Q 17 Accomplishments1 1. Figures refer to the YoY change of 2Q 16 vs. 2Q 17 unless otherwise noted 2. Efficiency ratio (FTE) was 61.2%. Please refer to slide 22 for GAAP reconciliations 3. Basel III CET1 ratio (transitional) is 9.7%. Please refer to slide 23 for the reconciliation of Basel III CET1 (transitional) to Basel III CET1 (fully phased-In)

APPENDIX

16 5-QUARTER FINANCIAL HIGHLIGHTS 1. Please refer to slide 22 for the GAAP reconciliations 2. Please refer to page 22 of the earnings press release for GAAP reconciliations 3. Please refer to slide 23 for the reconciliation of Basel III CET1 (transitional) to Basel III CET1 (fully phased-In) 4. Please refer to slide 24 for a reconcilement to book value per share 2Q 16 3Q 16 4Q 16 1Q 17 2Q 17 EPS (diluted) $0.94 $0.91 $0.90 $0.91 $1.03 Efficiency Ratio (FTE) 60.6% 63.1% 63.7% 65.2% 61.2% Tangible Efficiency Ratio (FTE)1 60.1% 62.5% 63.1% 64.6% 60.6% Net Interest Margin (FTE) 2.99% 2.96% 3.00% 3.09% 3.14% Return on Average Assets 1.00% 0.94% 0.91% 0.93% 1.03% Return on Average Tangible Common Equity2 11.5% 10.7% 10.8% 11.3% 12.5% Average Performing Loans ($ in billions) $140.3 $141.3 $141.7 $142.8 $143.7 Average Client Deposits ($ in billions) $154.2 $155.3 $158.0 $158.9 $159.1 NPL Ratio 0.67% 0.67% 0.59% 0.55% 0.52% NCO Ratio 0.39% 0.35% 0.38% 0.32% 0.20% ALLL Ratio 1.25% 1.23% 1.19% 1.20% 1.20% Basel III Common Equity Tier 1 Ratio (transitional) 9.8% 9.8% 9.6% 9.7% 9.7% Basel III Common Equity Tier 1 Ratio (fully phased-in)3 9.7% 9.7% 9.4% 9.5% 9.5% Book Value Per Share $46.14 $46.63 $45.38 $45.62 $46.51 Tangible Book Value Per Share4 $33.98 $34.33 $32.95 $33.05 $33.83 Balance Sheet Credit & Capital Profitability

17 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) 2Q 16 3Q 16 4Q 16 1Q 17 2Q 17 Servicing Fees1 $91 $93 $93 $100 $100 ($55) ($60) ($69) ($50) ($57) Net MSR Fair Value and Hedge Activity3 $15 $16 $1 $7 $1 Mortgage Servicing Income $52 $49 $25 $58 $44 Memo: Total Loans Serviced for Others (average balance) $123,629 $124,729 $126,765 $134,444 $136,376 Annualized Servicing Fees / Average Loans Serviced for Others (bps) 30 30 29 30 30 Changes in MSR Value from Collection/Realization of Cash Flow (Decay)2

18 Memo: 30-89 Accruing Delinquencies 2Q 16 3Q 16 4Q 16 1Q 17 2Q 17 2Q 17 Loan Balance Commercial & industrial 0.05% 0.05% 0.05% 0.05% 0.05% $68,511 Commercial real estate 0.03% 0.04% 0.02% 0.03% 0.04% $5,250 Commercial construction 0.00% 0.00% 0.00% 0.00% 0.00% $4,019 Total Commercial Loans 0.04% 0.05% 0.05% 0.04% 0.05% $77,780 Residential mortgages – guaranteed - - - - - $501 Residential mortgages – nonguaranteed 0.31% 0.29% 0.32% 0.26% 0.21% $26,594 Home equity products 0.64% 0.63% 0.68% 0.63% 0.66% $11,173 Residential construction 0.11% 0.29% 0.64% 0.33% 0.30% $364 Total Residential Loans¹ 0.41% 0.40% 0.44% 0.37% 0.34% $38,632 Guaranteed student loans - - - - - $6,543 Other direct 0.33% 0.38% 0.43% 0.39% 0.36% $8,249 Indirect 0.79% 0.99% 1.18% 0.83% 0.83% $11,639 Credit cards 0.70% 0.77% 0.83% 0.74% 0.75% $1,425 Total Consumer Loans² 0.62% 0.74% 0.86% 0.65% 0.64% $27,856 Total SunTrust - excl. gov.-guaranteed delinquencies³ 0.23% 0.25% 0.27% 0.22% 0.22% $137,224 Impact of excluding gov.-guaranteed delinquencies 0.35% 0.39% 0.45% 0.50% 0.44% $7,044 Total SunTrust - incl. gov.-guaranteed delinquencies4 0.58% 0.64% 0.72% 0.72% 0.66% $144,268 30-89 DAY DELINQUENCIES BY LOAN CLASS 1. Excludes delinquencies on all federally guaranteed mortgages 2. Excludes delinquencies on federally guaranteed student loans 3. Excludes delinquencies on federally guaranteed mortgages and student loans from the calculation 4. Excludes mortgage loans guaranteed by GNMA that SunTrust has the option, but not the obligation, to repurchase Note: Totals may not foot due to rounding ($ in millions)

19 NONPERFORMING LOANS BY LOAN CLASS Note: Totals may not foot due to rounding Memo: Nonperforming Loans ($ in millions) 2Q 16 3Q 16 4Q 16 1Q 17 2Q 17 2Q 17 Loan Balance Commercial & industrial $491 $501 $390 $328 $304 $68,511 Commercial real estate 10 10 7 6 5 $5,250 Commercial construction 2 2 17 18 16 $4,019 Total Commercial Loans $503 $513 $414 $352 $325 $77,780 Residential mortgages – guaranteed - - - - - $501 Residential mortgages – nonguaranteed 194 183 177 179 181 $26,594 Home equity products 226 235 235 237 226 $11,173 Residential construction 13 11 12 12 12 $364 Total Residential Loans $433 $429 $424 $428 $419 $38,632 Guaranteed student loans - - - - - $6,543 Other direct 5 5 6 5 5 $8,249 Indirect 4 2 1 4 5 $11,639 Credit cards - - - - - $1,425 Total Consumer Loans $8 $7 $7 $9 $10 $27,856 Total SunTrust $944 $949 $845 $789 $754 $144,268 NPLs / Total Loans 0.67% 0.67% 0.59% 0.55% 0.52%

20 NET CHARGE-OFF RATIOS BY LOAN CLASS Note: Totals may not foot due to rounding Memo: Net Charge-off Ratio (annualized) 2Q 16 3Q 16 4Q 16 1Q 17 2Q 17 2Q 17 Loan Balance Commercial & industrial 0.52 % 0.41 % 0.35 % 0.29 % 0.10 % $68,511 Commercial real estate (0.01)% 0.01 % (0.01)% (0.02)% 0.00 % $5,250 Commercial construction (0.00)% (0.01)% 0.88 % (0.02)% 0.10 % $4,019 Total Commercial Loans 0.46 % 0.37 % 0.35 % 0.26 % 0.10 % $77,780 Residential mortgages – guaranteed - - - - - $501 Residential mortgages – nonguaranteed 0.20 % 0.17 % 0.23 % 0.17 % 0.14 % $26,594 Home equity products 0.36 % 0.31 % 0.37 % 0.35 % 0.20 % $11,173 Residential construction 0.07 % 0.11 % (0.50)% (0.34)% 0.84 % $364 Total Residential Loans 0.24 % 0.21 % 0.26 % 0.22 % 0.16 % $38,632 Guaranteed student loans - - - - - $6,543 Other direct 0.45 % 0.51 % 0.61 % 0.61 % 0.70 % $8,249 Indirect 0.34 % 0.62 % 0.81 % 0.78 % 0.45 % $11,639 Credit cards 2.48 % 2.20 % 2.32 % 2.61 % 2.77 % $1,425 Total Consumer Loans 0.39 % 0.52 % 0.64 % 0.64 % 0.54 % $27,856 Total SunTrust 0.39 % 0.35 % 0.38 % 0.32 % 0.20 % $144,268 ($ in millions)

21 NET CHARGE-OFFS BY LOAN CLASS Note: Totals may not foot due to rounding Memo: Net Charge-offs ($ in millions) 2Q 16 3Q 16 4Q 16 1Q 17 2Q 17 2Q 17 Loan Balance Commercial & industrial $90 $71 $60 $50 $18 $68,511 Commercial real estate 0 - - 0 - $5,250 Commercial construction - - 9 - 1 $4,019 Total Commercial Loans $90 $71 $69 $50 $19 $77,780 Residential mortgages – guaranteed - - - - - $501 Residential mortgages – nonguaranteed 12 11 15 10 9 $26,594 Home equity products 11 10 11 10 5 $11,173 Residential construction - - - - 1 $364 Total Residential Loans $24 $21 $26 $20 $15 $38,632 Guaranteed student loans - - - - - $6,543 Other direct 7 9 12 12 14 $8,249 Indirect 9 17 21 21 13 $11,639 Credit cards 7 7 8 9 9 $1,425 Total Consumer Loans $23 $34 $41 $42 $36 $27,856 Total SunTrust $137 $126 $136 $112 $70 $144,268

22 2Q 16 3Q 16 4Q 16 1Q 17 2Q 17 2011 2012 2013 2014 2015 2016 Reported (GAAP) Basis Net Interest Income 1,288 1,308 1,343 1,366 1,403 5,065 5,102 4,853 4,840 4,764 5,221 Noninterest Income 898 889 815 847 827 3,421 5,373 3,214 3,323 3,268 3,383 Revenue 2,186 2,197 2,158 2,213 2,230 8,486 10,475 8,067 8,163 8,032 8,604 Noninterest Expense¹ 1,345 1,409 1,397 1,465 1,388 6,194 6,284 5,831 5,543 5,160 5,468 Efficiency Ratio 61.5% 64.1% 64.7% 66.2% 62.2% 73.0% 60.0% 72.3% 67.9% 64.2% 63.6% Reconciliation: Net Interest Income 1,288 1,308 1,343 1,366 1,403 5,065 5,102 4,853 4,840 4,764 5,221 FTE Adjustment 35 34 34 34 36 114 123 127 142 142 138 Net Interest Income-FTE 1,323 1,342 1,377 1,400 1,439 5,179 5,225 4,980 4,982 4,906 5,359 Noninterest Income 898 889 815 847 827 3,421 5,373 3,214 3,323 3,268 3,383 Revenue-FTE 2,221 2,231 2,192 2,247 2,266 8,600 10,598 8,194 8,305 8,174 8,742 Efficiency Ratio-FTE 60.6% 63.1% 63.7% 65.2% 61.2% 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 898 889 815 847 827 3,421 3,898 3,277 3,218 3,268 3,383 Adjusted Revenue-FTE² 2,221 2,231 2,192 2,247 2,266 8,600 9,123 8,257 8,200 8,174 8,742 Noninterest Expense¹ 1,345 1,409 1,397 1,465 1,388 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 1,345 1,409 1,397 1,465 1,388 6,194 6,150 5,412 5,219 5,160 5,468 Amortization Expense 11 14 14 13 15 43 46 23 25 40 49 Adjusted Tangible Expenses² 1,334 1,395 1,383 1,452 1,373 6,151 6,104 5,389 5,194 5,120 5,419 Adjusted Efficiency Ratio-FTE³ 60.6% 63.1% 63.7% 65.2% 61.2% 72.0% 67.4% 65.6% 63.7% 63.1% 62.6% Adjusted Tangible Efficiency Ratio-FTE³ 60.1% 62.5% 63.1% 64.6% 60.6% 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 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 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 (0.51%), (0.60%), (0.65%), (0.59%), (0.65%), (0.50%), (0.50%), (0.28%), (0.30%), (0.49%), and (0.56%) for 2Q 16, 3Q 16, 4Q 16, 1Q 17, 2Q 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, 2Q 16, 3Q 16, 4Q 16, 1Q 17, 2Q 17, 2015 and 2016 represent reported efficiency ratio and reported tangible efficiency ratio

23 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 2Q 17 Common Equity Tier 1 – Transitional $17.0 Adjustments2 (0.0) Common Equity Tier 1 – Fully phased-in $17.0 Risk-weighted Assets: Common Equity Tier 1 – Transitional $175.7 Adjustments3 2.5 Risk-weighted Assets: Common Equity Tier 1 – Fully phased-in $178.2 Common Equity Tier 1 – Transitional 9.7% Common Equity Tier 1 – Fully phased-in 9.5% ($ in billions)

24 RECONCILIATION: NON-GAAP MEASURES Note: Totals may not foot due to rounding 2Q 16 3Q 16 4Q 16 1Q 17 2Q 17 Total Shareholders' Equity $24.5 $24.4 $23.6 $23.5 $24.5 Goodwill, Net of Deferred Taxes (6.1) (6.1) (6.1) (6.1) (6.1) Other Intangible Assets Including MSRs, Net of Deferred Taxes (1.1) (1.1) (1.7) (1.7) (1.7) MSRs 1.1 1.1 1.6 1.7 1.7 Tangible Equity $18.4 $18.4 $17.5 $17.4 $18.4 Noncontrolling Interest (0.1) (0.1) (0.1) (0.1) (0.1) Preferred Stock (1.2) (1.2) (1.2) (1.2) (2.0) Tangible Common Equity $17.0 $17.0 $16.2 $16.1 $16.3 Total Assets 198.9 205.1 204.9 205.6 207.2 Goodwill (6.3) (6.3) (6.3) (6.3) (6.3) Other Intangible Assets Including MSRs, Net of Deferred Taxes (1.1) (1.1) (1.7) (1.7) (1.7) MSRs 1.1 1.1 1.6 1.7 1.7 Tangible Assets $192.5 $198.7 $198.5 $199.3 $200.9 Average Equity / Average Assets 12.1% 12.1% 11.8% 11.6% 11.8% Total Equity / Total Assets 12.3% 11.9% 11.5% 11.4% 11.8% Tangible Equity / Tangible Assets 9.5% 9.2% 8.8% 8.7% 9.1% Tangible Common Equity / Tangible Assets 8.8% 8.6% 8.2% 8.1% 8.1% Book Value Per Common Share $46.14 $46.63 $45.38 $45.62 $46.51 Tangible Book Value Per Common Share $33.98 $34.33 $32.95 $33.05 $33.83 ($ in billions, except per-share data)