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): October 20, 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 October 20, 2017, SunTrust Banks, Inc. (the “Registrant”) announced financial results for the period ended September 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 October 20, 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 October 20, 2017 (furnished with the Commission as a part of this Form 8-K).

99.2 Presentation slides dated October 20, 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:	October 20, 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	Mike McCoy
(404) 827-6714	(404) 588-7230

For Immediate Release

October 20, 2017

SunTrust Reports Third Quarter 2017 Results

Solid Revenue Growth, Improved Efficiency & Returns, and Higher Capital Returns

Result in Strong 16% Year-over-Year EPS Growth

ATLANTA -- SunTrust Banks, Inc. (NYSE: STI) reported net income available to common shareholders of $512 million, or $1.06 per average common diluted share. This compares to $1.03 for the prior quarter and $0.91 for the third quarter of 2016.

Earnings per share increased 3% compared to the prior quarter and 16% compared to the third quarter of 2016. For the first nine months of 2017, earnings per share grew 11% compared to the same period a year ago.

“Our third quarter performance provides further validation of our successful execution against the Company's strategies and purpose-oriented culture.  Our Wholesale segment delivered another record quarter, evidence that our differentiated value proposition continues to resonate with clients.  Our Consumer segment delivered strong loan growth and provided significant help to our clients in the wake of the recent catastrophic hurricanes in our markets,” said William H. Rogers, Jr., chairman and CEO of SunTrust Banks, Inc. “Our opportunity set remains robust and I am confident in our ability to deliver further growth for our clients, communities, teammates, and ultimately, our owners.”

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ThirdQuarter2017Financial 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 $512 million, or $1.06 per average common diluted share, compared to $1.03 for the prior quarter and $0.91 for the third quarter of 2016.

• Total revenue increased 2% compared to the prior quarter and 4% compared to the third quarter of 2016.

◦ These increases were primarily driven by higher net interest income and strong investment banking performance.

• Net interest margin was 3.15% in the current quarter, up 1 basis point sequentially and up 19 basis points compared to the prior year, driven by higher earning asset yields arising from higher benchmark interest rates and continued positive mix shift in the loans held for investment ("LHFI") portfolio.

• Provision for credit losses increased $30 million sequentially and $23 million year-over-year due to anticipated losses from recent hurricanes.

• Noninterest expense was stable sequentially and year-over-year. The current quarter's noninterest expense level included accrual reversals related to the resolution of several legal matters which were mostly offset by charges related to ongoing efficiency initiatives.

• The efficiency and tangible efficiency ratios in the current quarter were 60.1% and 59.2%, respectively, which represent improvements compared to both the prior quarter and prior year, driven primarily by ongoing expense management initiatives and solid revenue growth.

Balance Sheet

• Average performing LHFI were stable sequentially and grew 2% year-over-year, driven primarily by growth in consumer lending.

• Average consumer and commercial deposits increased modestly compared to the prior quarter and 3% compared to the third quarter of 2016, driven largely by growth in NOW and time deposit account balances.

Capital

• Estimated capital ratios continue to be well above regulatory requirements. The Common Equity Tier 1 ("CET1") ratio was estimated to be 9.6% as of September 30, 2017, and 9.5% on a fully phased-in basis, generally stable compared to the prior quarter.

• During the quarter, the Company repurchased $330 million of its outstanding common stock in accordance with its 2017 Capital Plan and increased its quarterly common stock dividend by 54%, from $0.26 per share in the prior quarter to $0.40 per share.

• Book value per common share was $47.16 and tangible book value per common share was $34.34, up 1% and 2%, respectively, from June 30, 2017, driven primarily by growth in retained earnings.

Asset Quality

• Nonperforming loans ("NPLs") decreased $57 million from the prior quarter and represented 0.48% of period-end LHFI at September 30, 2017. The sequential decrease was driven primarily by continued improvements in the energy and residential portfolios.

• Net charge-offs for the current quarter were $78 million, or 0.21% of total average LHFI on an annualized basis, up $8 million sequentially and down $48 million year-over-year. The year-over-year reduction was driven by overall asset quality improvements and lower energy-related charge-offs.

• The provision for credit losses increased $30 million sequentially driven by anticipated losses from recent hurricanes.

• At September 30, 2017, the allowance for loan and lease losses ("ALLL") to period-end LHFI ratio was 1.23%, a 3 basis point increase compared to the prior quarter.

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Income Statement (Dollars in millions, except per share data)	3Q 2017			2Q 2017			1Q 2017			4Q 2016			3Q 2016
Net interest income	$1,430			$1,403			$1,366			$1,343			$1,308
Net interest income-FTE 2	1,467			1,439			1,400			1,377			1,342
Net interest margin	3.07		%	3.06		%	3.02		%	2.93		%	2.88		%
Net interest margin-FTE 2	3.15			3.14			3.09			3.00			2.96
Noninterest income	$846			$827			$847			$815			$889
Total revenue	2,276			2,230			2,213			2,158			2,197
Total revenue-FTE 2	2,313			2,266			2,247			2,192			2,231
Noninterest expense	1,391			1,388			1,465			1,397			1,409
Provision for credit losses	120			90			119			101			97
Net income available to common shareholders	512			505			451			448			457
Earnings per average common diluted share	1.06			1.03			0.91			0.90			0.91
Balance Sheet(Dollars in billions)
Average LHFI		$144.7			$144.4			$143.7			$142.6			$142.3
Average consumer and commercial deposits	159.4			159.1			158.9			158.0			155.3
Capital
Capital ratios at period end 1 :
Tier 1 capital (transitional)	10.74		%	10.81		%	10.40		%	10.28		%	10.50		%
Common Equity Tier 1 ("CET1") (transitional)	9.62			9.68			9.69			9.59			9.78
Common Equity Tier 1 ("CET1") (fully phased-in) 2	9.48			9.53			9.54			9.43			9.66
Total average shareholders’ equity to total average assets	11.94			11.80			11.59			11.84			12.12
Asset Quality
Net charge-offs to total average LHFI (annualized)	0.21		%	0.20		%	0.32		%	0.38		%	0.35		%
ALLL to period-end LHFI 3	1.23			1.20			1.20			1.19			1.23
NPLs to period-end LHFI	0.48			0.52			0.55			0.59			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 LHFI measured at fair value were excluded from period-end LHFI in the calculation as no allowance is recorded for loans measured at fair value.

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 $47 million compared to the prior quarter. Net interest income increased $28 million sequentially due to a higher net interest margin, one additional day in the third quarter, and growth in average earning assets. Noninterest income increased $19 million sequentially, driven primarily by higher capital markets and mortgage-related income, offset partially by lower client transaction-related fees and commercial real estate related income. Compared to the third quarter of 2016, total revenue increased $82 million, or 4%, driven by a $125 million increase in net interest income, which was partially offset by a $43 milliondecrease in total noninterest income due to lower mortgage-related income.

Net Interest Income

Net interest income was $1.5 billion for the current quarter, an increase of $28 million compared to the prior quarter due primarily to higher earning asset yields, one additional day in the third quarter, and growth in average earning assets. Compared to the prior year, the $125 millionincrease was driven primarily by higher earning asset yields and growth in average earning assets.

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Net interest margin for the current quarter was 3.15%, compared to 3.14% in the prior quarter and 2.96% in the third quarter of 2016. The 19 basis point increase relative to the prior year was driven primarily by higher earning asset yields arising from higher benchmark interest rates, lower premium amortization in the securities portfolio, and continued positive mix shift in the LHFI portfolio, partially offset by higher rates paid on interest-bearing liabilities.

For the nine months ended September 30, 2017, net interest income was $4.3 billion, a $324 millionincrease compared to the first nine months of 2016. The net interest margin was 3.13% for the first nine months of 2017, a 14 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 $846 million for the current quarter, compared to $827 million for the prior quarter and $889 million for the third quarter of 2016. The $19 million sequential increase was due primarily to higher capital markets and mortgage-related income, offset partially by lower client transaction-related fees and commercial real estate related income. Compared to the third quarter of 2016, noninterest income decreased $43 million driven by reduced mortgage-related income, partially offset by higher investment banking income.

Investment banking income was $166 million for the current quarter, compared to $147 million in both the prior quarter and prior year. The $19 millionincrease compared to both periods was due to strong deal flow activity across most product categories, particularly equity offerings, M&A advisory, and syndicated finance.

Trading income was $51 million for the current quarter, compared to $46 million in the prior quarter and $65 million in the third quarter of 2016. The sequential increase was due to higher client-related interest rate hedging activity during the current quarter. The decrease compared to the third quarter of 2016 was driven by lower client trading activity and higher counterparty credit valuation reserves during the current quarter.

Mortgage production income for the current quarter was $61 million, compared to $56 million for the prior quarter and $118 million for the third quarter of 2016. The $5 million sequential increase was due to higher gain-on-sale margins. The $57 milliondecrease from the third quarter of 2016 was due to less refinancing activity and lower gain-on-sale margins. Mortgage application volume decreased 7% sequentially and 35% compared to the third quarter of 2016. Closed loan volume decreased 4% sequentially and 27% compared to the third quarter of 2016.

Mortgage servicing income was $46 million for the current quarter, compared to $44 million in the prior quarter and $49 million in the third quarter of 2016. The $2 million sequential increase was due to higher net hedge performance, offset partially by higher servicing asset decay. The $3 million decrease compared to the third quarter of 2016 was due to lower net hedge performance and higher servicing asset decay in the current quarter, offset partially by higher servicing fees. At September 30, 2017 and 2016, the servicing portfolio totaled $165.3 billion and $154.0 billion, respectively, and was $165.6 billion at June 30, 2017.

Retail investment services income was $69 million for the current quarter, compared to $70 million in the prior quarter and $71 million in the third quarter of 2016. The decrease compared to both prior periods was due primarily to reduced client transaction activity, partially offset by higher assets under management.

Trust and investment management income was $79 million for the current quarter, compared to $76 million for the prior quarter and $80 million for the third quarter of 2016. The $3 million sequential increase was primarily related to seasonally higher trust fees in the current quarter.

Client transaction-related fees (namely service charges on deposits, other charges and fees, and card fees) decreased $9 million sequentially due largely to higher bridge and commitment fees recognized in the prior quarter. Compared to the third quarter of 2016, client transaction-related fees decreased $6 million due to the impact of the enhanced posting order process instituted during the fourth quarter of 2016.

4

Commercial real estate related income was $17 million for the current quarter, compared to $24 million for the prior quarter and $8 million for the third quarter of 2016. The $7 million sequential decrease was due to lower production volume from Pillar & Cohen Financial ("Pillar") and lower structured real estate-related income. The $9 millionincrease compared to the third quarter of 2016 was attributable to revenue from Pillar, which the Company acquired in December 2016.

Other noninterest income was $25 million for the current quarter, compared to $22 million in the prior quarter and $13 million in the third quarter of 2016. The $3 million sequential increase was due primarily to investment income recognized in the current quarter. The $12 millionincrease compared to the prior year was due primarily to certain asset-related impairment charges recognized in the prior year.

For the nine months ended September 30, 2017, noninterest income was $2.5 billion, a decrease of $49 million compared to the first nine months of 2016 as higher capital markets and commercial real estate related income were offset by lower mortgage-related income 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 increase of $3 million and a decrease of $18 million compared to the third quarter of 2016. The sequential increase was driven primarily by higher severance costs, software writedowns, and personnel costs, offset by the favorable resolution of several legal matters during the current quarter. The decrease relative to the prior year was driven primarily by aforementioned legal accrual reversals and reduced outside processing and software costs, offset partially by higher employee compensation costs and higher other noninterest expense (which was driven by elevated severance costs and software writedowns).

Employee compensation and benefits expense was $806 million in the current quarter, compared to $796 million in the prior quarter and $773 million in the third quarter of 2016. The sequential increase of $10 million was due to higher incentive compensation related to improved business performance, offset partially by a decline in FICA taxes and 401(k) costs. The $33 millionincrease compared to the third quarter of 2016 was due primarily to incremental compensation costs associated with improved business performance and the acquisition of Pillar.

Operating (gains)/losses were ($34) million in the current quarter, compared to $19 million in the prior quarter and $35 million in the third quarter of 2016. The decrease relative to both periods was driven by the favorable resolution of several legal matters, which aggregated to $58 million, during the current quarter.

Outside processing and software expense was $203 million in the current quarter, compared to $204 million in the prior quarter and $225 million in the third quarter of 2016. The decrease compared to the third quarter of 2016 was driven primarily by lower transaction volume, efficiencies generated with third party providers, and insourcing of certain activities, partially offset by higher software related investments.

Marketing and customer development expense was $45 million in the current quarter, compared to $42 million in the prior quarter and $38 million in the third quarter of 2016. The increase relative to both prior periods was driven by normal variability in advertising and client development costs.

Amortization expense increased $7 million sequentially, primarily due to an increase in amortizable community development investments. These investments generate tax credits which reduce the provision for income taxes over time.

Other noninterest expense was $168 million in the current quarter, compared to $126 million in the prior quarter and $140 million in the third quarter of 2016. The increase compared to both prior periods was due primarily to higher severance costs and software writedowns recognized in the current quarter (both of which are associated with ongoing efficiency initiatives).

5

For the nine months ended September 30, 2017, noninterest expense was $4.2 billion compared to $4.1 billion for the first nine months of 2016. The $171 million increase was driven largely by higher employee compensation expense (primarily related to higher revenue and the acquisition of Pillar), net occupancy costs (in part due to the reduction of amortized gains), other noninterest expense (related to higher severance costs and the aforementioned software writedowns in the current quarter), and higher FDIC premiums. These increases were offset partially by the aforementioned favorable resolution of several legal matters and lower outside processing costs.

Income Taxes

For the current quarter, the Company recorded an income tax provision of $225 million, compared to $222 million for the prior quarter and $215 million for the third quarter of 2016. The effective tax rate for the current quarter was 29%, compared to 30% in the prior quarter and 31% in the third quarter of 2016.

Balance Sheet

At September 30, 2017, the Company had total assets of $208.3 billion and total shareholders’ equity of $24.5 billion, representing 12% of total assets. Book value per common share was $47.16 and tangible book value per common share was $34.34, up 1% and 2%, respectively, compared to June 30, 2017, driven primarily by growth in retained earnings.

Loans

Average performing LHFI were $144.0 billion for the current quarter, relatively stable compared to the prior quarter and a 2% increase over the third quarter of 2016. The year-over-year growth was driven primarily by increases in consumer lending, offset partially by declines in home equity products and C&I loans.

Deposits

Average consumer and commercial deposits for the current quarter were $159.4 billion, a modest increase over the prior quarter and a 3% increase over the third quarter of 2016. The sequential growth was due largely to a 10% increase in time deposits, offset partially by declines in both money market and savings account balances. The year-over-year growth was driven primarily by increases in NOW and time deposit account balances.

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 9.6% at September 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 11.9% and 8.1%, respectively, at September 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 $0.40 per common share in the third quarter of 2017, a 54% increase from the prior quarter. Additionally, the Company repurchased $330 million of its outstanding common stock in the third quarter of 2017, and the Company expects to repurchase approximately $1 billion of additional common stock over the next three quarters in accordance with its 2017 Capital Plan.

6

Asset Quality

Total nonperforming assets ("NPAs") were $792 million at September 30, 2017, down $29 million compared to the prior quarter and $227 million compared to the third quarter of 2016. The decrease in NPAs compared to both the prior quarter and the prior year was primarily driven by continued improvements in the energy and residential portfolios. The ratio of NPLs to period-end LHFI was 0.48%, 0.52%, and 0.67% at September 30, 2017, June 30, 2017, and September 30, 2016, respectively.

Net charge-offs were $78 million during the current quarter, an increase of $8 million compared to the prior quarter and a decrease of $48 million compared to the third quarter of 2016. The modest sequential increase was driven by higher net charge-offs associated with CRE and consumer indirect, while the year-over-year decrease was driven by overall asset quality improvements as well as lower energy-related net charge-offs. The ratio of annualized net charge-offs to total average LHFI was 0.21% during the current quarter, compared to 0.20% during the prior quarter and 0.35% during the third quarter of 2016. The provision for credit losses was $120 million in the current quarter, an increase of $30 million compared to the prior quarter and $23 million compared to the third quarter of 2016, in response to anticipated losses from the recent hurricanes.

At September 30, 2017, the ALLL was $1.8 billion, which represented 1.23% of period-end loans, a 3 basis point increase relative to June 30, 2017.

Early stage delinquencies increased 5 basis points from the prior quarter to 0.71% at September 30, 2017. Excluding government-guaranteed loans which account for 0.42%, early stage delinquencies were 0.29%, up 7 basis points compared to the prior quarter and up 4 basis points from a year ago, primarily resulting from impacts associated with the recent hurricanes.

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OTHER INFORMATION

About SunTrust Banks, Inc.

SunTrust Banks, Inc. is a purpose-driven company dedicated to Lighting the Way to Financial Well-Being for the people, businesses, and communities it serves. Headquartered in Atlanta, the Company has 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 September 30, 2017, SunTrust had total assets of $208 billion and total deposits of $163 billion. The Company provides deposit, credit, trust, investment, mortgage, asset management, securities brokerage, and capital market services. SunTrust leads onUp, a national movement inspiring Americans to build financial confidence. Join the movement at onUp.com.

Business Segment Results

The Company has included its business segment financial tables as part of this release. 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 in conjunction with the 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. Information for periods prior to the second quarter of 2017 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 ("ALLL") 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 October 20, 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 October 20, 2017, and will remain available until November 20, 2017, by dialing 1-800-475-6701 (domestic) or 1-320-365-3844 (international) (Passcode: 430305). 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 October 20, 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.

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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 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. 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 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 the provision for income taxes 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 September 30						%		Nine Months Ended September 30						%
	2017			2016			Change		2017			2016			Change
EARNINGS & DIVIDENDS
Net income		$538			$474		14	%		$1,533			$1,413		8	%
Net income available to common shareholders	512			457			12		1,468			1,363			8
Total revenue	2,276			2,197			4		6,719			6,446			4
Total revenue-FTE 1	2,313			2,231			4		6,826			6,551			4
Net income per average common share:
Diluted		$1.06			$0.91		16	%		$3.00			$2.70		11	%
Basic	1.07			0.92			16		3.04			2.72			12
Dividends paid per common share	0.40			0.26			54		0.92			0.74			24
CONDENSED BALANCE SHEETS
Selected Average Balances:
Total assets		$205,738			$201,476		2	%		$204,833			$197,613		4	%
Earning assets	184,861			180,523			2		184,180			177,600			4
Loans held for investment ("LHFI")	144,706			142,257			2		144,276			140,628			3
Intangible assets including mortgage servicing rights ("MSRs")	8,009			7,415			8		8,019			7,509			7
MSRs	1,589			1,065			49		1,599			1,157			38
Consumer and commercial deposits	159,419			155,313			3		159,145			152,911			4
Total shareholders’ equity	24,573			24,410			1		24,131			24,076			—
Preferred stock	1,975			1,225			61		1,643			1,225			34
Period End Balances:
Total assets										$208,252			$205,091		2	%
Earning assets									185,071			181,341			2
LHFI									144,264			141,532			2
Allowance for loan and lease losses ("ALLL")									1,772			1,743			2
Consumer and commercial deposits									161,778			157,592			3
Total shareholders’ equity									24,522			24,449			—
FINANCIAL RATIOS & OTHER DATA
Return on average total assets	1.04		%	0.94		%	11	%	1.00		%	0.96		%	4	%
Return on average common shareholders’ equity	9.03			7.89			14		8.77			8.01			9
Return on average tangible common shareholders' equity 1	12.45			10.73			16		12.09			10.96			10
Net interest margin	3.07			2.88			7		3.05			2.92			4
Net interest margin-FTE 1	3.15			2.96			6		3.13			2.99			5
Efficiency ratio	61.12			64.13			(5	)	63.16			63.17			—
Efficiency ratio-FTE 1	60.14			63.14			(5	)	62.17			62.16			—
Tangible efficiency ratio-FTE 1	59.21			62.54			(5	)	61.44			61.63			—
Effective tax rate	29			31			(6	)	28			30			(7	)
Basel III capital ratios at period end (transitional) 2:
Common Equity Tier 1 ("CET1")									9.62		%	9.78		%	(2	)%
Tier 1 capital									10.74			10.50			2
Total capital									12.69			12.57			1
Leverage									9.50			9.28			2
Basel III fully phased-in CET1 ratio 1, 2									9.48			9.66			(2	)
Total average shareholders’ equity to total average assets	11.94		%	12.12		%	(1	)%	11.78			12.18			(3	)
Tangible equity to tangible assets 1									9.12			9.23			(1	)
Tangible common equity to tangible assets 1									8.10			8.57			(5	)
Book value per common share										$47.16			$46.63		1
Tangible book value per common share 1									34.34			34.33			—
Market capitalization									28,451			21,722			31
Average common shares outstanding:
Diluted	483,640			500,885			(3	)	489,176			505,619			(3	)
Basic	478,258			496,304			(4	)	483,711			501,036			(3	)
Full-time equivalent employees									24,215			23,854			2
Number of ATMs									2,108			2,163			(3	)
Full service banking offices									1,275			1,369			(7	)

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
	September 30			June 30			March 31			December 31			September 30
(Dollars in millions and shares in thousands, except per share data) (Unaudited)	2017			2017			2017			2016			2016
EARNINGS & DIVIDENDS
Net income		$538			$528			$468			$465			$474
Net income available to common shareholders	512			505			451			448			457
Total revenue	2,276			2,230			2,213			2,158			2,197
Total revenue-FTE 1	2,313			2,266			2,247			2,192			2,231
Net income per average common share:
Diluted		$1.06			$1.03			$0.91			$0.90			$0.91
Basic	1.07			1.05			0.92			0.91			0.92
Dividends paid per common share	0.40			0.26			0.26			0.26			0.26
CONDENSED BALANCE SHEETS
Selected Average Balances:
Total assets		$205,738			$204,494			$204,252			$203,146			$201,476
Earning assets	184,861			184,057			183,606			182,475			180,523
LHFI	144,706			144,440			143,670			142,578			142,257
Intangible assets including MSRs	8,009			8,024			8,026			7,654			7,415
MSRs	1,589			1,603			1,604			1,291			1,065
Consumer and commercial deposits	159,419			159,136			158,874			157,996			155,313
Total shareholders’ equity	24,573			24,139			23,671			24,044			24,410
Preferred stock	1,975			1,720			1,225			1,225			1,225
Period End Balances:
Total assets		$208,252			$207,223			$205,642			$204,875			$205,091
Earning assets	185,071			184,518			183,279			184,610			181,341
LHFI	144,264			144,268			143,529			143,298			141,532
ALLL	1,772			1,731			1,714			1,709			1,743
Consumer and commercial deposits	161,778			158,319			161,531			158,864			157,592
Total shareholders’ equity	24,522			24,477			23,484			23,618			24,449
FINANCIAL RATIOS & OTHER DATA
Return on average total assets	1.04		%	1.03		%	0.93		%	0.91		%	0.94		%
Return on average common shareholders’ equity	9.03			9.08			8.19			7.85			7.89
Return on average tangible common shareholders' equity 1	12.45			12.51			11.28			10.76			10.73
Net interest margin	3.07			3.06			3.02			2.93			2.88
Net interest margin-FTE 1	3.15			3.14			3.09			3.00			2.96
Efficiency ratio	61.12			62.24			66.20			64.74			64.13
Efficiency ratio-FTE 1	60.14			61.24			65.19			63.73			63.14
Tangible efficiency ratio-FTE 1	59.21			60.59			64.60			63.08			62.54
Effective tax rate	29			30			25			29			31
Basel III capital ratios at period end (transitional) 2:
CET1	9.62		%	9.68		%	9.69		%	9.59		%	9.78		%
Tier 1 capital	10.74			10.81			10.40			10.28			10.50
Total capital	12.69			12.75			12.37			12.26			12.57
Leverage	9.50			9.55			9.08			9.22			9.28
Basel III fully phased-in CET1 ratio 1, 2	9.48			9.53			9.54			9.43			9.66
Total average shareholders’ equity to total average assets	11.94			11.80			11.59			11.84			12.12
Tangible equity to tangible assets 1	9.12			9.15			8.72			8.82			9.23
Tangible common equity to tangible assets 1	8.10			8.11			8.06			8.15			8.57
Book value per common share		$47.16			$46.51			$45.62			$45.38			$46.63
Tangible book value per common share 1	34.34			33.83			33.05			32.95			34.33
Market capitalization	28,451			27,319			26,860			26,942			21,722
Average common shares outstanding:
Diluted	483,640			488,020			496,002			497,055			500,885
Basic	478,258			482,913			490,091			491,497			496,304
Full-time equivalent employees	24,215			24,278			24,215			24,375			23,854
Number of ATMs	2,108			2,104			2,132			2,165			2,163
Full service banking offices	1,275			1,281			1,316			1,367			1,369

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)					Nine Months Ended				Increase/(Decrease)
(Dollars in millions and shares in thousands, except per share data) (Unaudited)	September 30										September 30
	2017			2016		Amount			% 3		2017		2016		Amount			%
Interest income		$1,635			$1,451		$184		13	%		$4,747		$4,285		$462		11	%
Interest expense	205			143		62			43		548		408		140			34
NET INTEREST INCOME	1,430			1,308		122			9		4,199		3,877		322			8
Provision for credit losses	120			97		23			24		330		343		(13		)	(4	)
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	1,310			1,211		99			8		3,869		3,534		335			9
NONINTEREST INCOME
Service charges on deposit accounts	154			162		(8		)	(5	)	453		477		(24		)	(5	)
Other charges and fees	92			93		(1		)	(1	)	291		290		1			—
Card fees	86			83		3			4		255		243		12			5
Investment banking income	166			147		19			13		480		372		108			29
Trading income	51			65		(14		)	(22	)	148		154		(6		)	(4	)
Trust and investment management income	79			80		(1		)	(1	)	229		230		(1		)	—
Retail investment services	69			71		(2		)	(3	)	208		212		(4		)	(2	)
Mortgage production related income	61			118		(57		)	(48	)	170		288		(118		)	(41	)
Mortgage servicing related income	46			49		(3		)	(6	)	148		164		(16		)	(10	)
Commercial real estate related income 1	17			8		9			NM		61		36		25			69
Net securities gains	—			—		—			—		1		4		(3		)	(75	)
Other noninterest income 1	25			13		12			92		76		99		(23		)	(23	)
Total noninterest income	846			889		(43		)	(5	)	2,520		2,569		(49		)	(2	)
NONINTEREST EXPENSE
Employee compensation and benefits	806			773		33			4		2,454		2,309		145			6
Outside processing and software	203			225		(22		)	(10	)	612		626		(14		)	(2	)
Net occupancy expense	94			93		1			1		280		256		24			9
Equipment expense	40			44		(4		)	(9	)	123		126		(3		)	(2	)
Regulatory assessments	47			47		—			—		143		127		16			13
Marketing and customer development	45			38		7			18		129		120		9			8
Operating (gains)/losses	(34		)	35		(69		)	NM		17		85		(68		)	(80	)
Amortization	22			14		8			57		49		35		14			40
Other noninterest expense	168			140		28			20		436		388		48			12
Total noninterest expense	1,391			1,409		(18		)	(1	)	4,243		4,072		171			4
INCOME BEFORE PROVISION FOR INCOME TAXES	765			691		74			11		2,146		2,031		115			6
Provision for income taxes	225			215		10			5		606		611		(5		)	(1	)
NET INCOME INCLUDING INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	540			476		64			13		1,540		1,420		120			8
Net income attributable to noncontrolling interest	2			2		—			—		7		7		—			—
NET INCOME		$538			$474		$64		14	%		$1,533		$1,413		$120		8	%
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS		$512			$457		$55		12	%		$1,468		$1,363		$105		8	%
Net interest income-FTE 2	1,467			1,342		125			9		4,306		3,982		324			8
Total revenue	2,276			2,197		79			4		6,719		6,446		273			4
Total revenue-FTE 2	2,313			2,231		82			4		6,826		6,551		275			4
Net income per average common share:
Diluted	1.06			0.91		0.15			16		3.00		2.70		0.30			11
Basic	1.07			0.92		0.15			16		3.04		2.72		0.32			12
Cash dividends paid per common share	0.40			0.26		0.14			54		0.92		0.74		0.18			24
Average common shares outstanding:
Diluted	483,640			500,885		(17,245		)	(3	)	489,176		505,619		(16,443		)	(3	)
Basic	478,258			496,304		(18,046		)	(4	)	483,711		501,036		(17,325		)	(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)	September 30			June 30		Increase/(Decrease)					March 31		December 31		September 30
	2017			2017		Amount			% 3		2017		2016		2016
Interest income		$1,635			$1,583		$52		3	%		$1,528		$1,492		$1,451
Interest expense	205			180		25			14		162		149		143
NET INTEREST INCOME	1,430			1,403		27			2		1,366		1,343		1,308
Provision for credit losses	120			90		30			33		119		101		97
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	1,310			1,313		(3		)	—		1,247		1,242		1,211
NONINTEREST INCOME
Service charges on deposit accounts	154			151		3			2		148		154		162
Other charges and fees	92			103		(11		)	(11	)	95		90		93
Card fees	86			87		(1		)	(1	)	82		84		83
Investment banking income	166			147		19			13		167		122		147
Trading income	51			46		5			11		51		58		65
Trust and investment management income	79			76		3			4		75		73		80
Retail investment services	69			70		(1		)	(1	)	68		69		71
Mortgage production related income	61			56		5			9		53		78		118
Mortgage servicing related income	46			44		2			5		58		25		49
Commercial real estate related income 1	17			24		(7		)	(29	)	20		33		8
Net securities gains	—			1		(1		)	(100	)	—		—		—
Other noninterest income 1	25			22		3			14		30		29		13
Total noninterest income	846			827		19			2		847		815		889
NONINTEREST EXPENSE
Employee compensation and benefits	806			796		10			1		852		762		773
Outside processing and software	203			204		(1		)	—		205		209		225
Net occupancy expense	94			94		—			—		92		94		93
Equipment expense	40			43		(3		)	(7	)	39		43		44
Regulatory assessments	47			49		(2		)	(4	)	48		46		47
Marketing and customer development	45			42		3			7		42		52		38
Operating (gains)/losses	(34		)	19		(53		)	NM		32		23		35
Amortization	22			15		7			47		13		14		14
Other noninterest expense	168			126		42			33		142		154		140
Total noninterest expense	1,391			1,388		3			—		1,465		1,397		1,409
INCOME BEFORE PROVISION FOR INCOME TAXES	765			752		13			2		629		660		691
Provision for income taxes	225			222		3			1		159		193		215
NET INCOME INCLUDING INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	540			530		10			2		470		467		476
Net income attributable to noncontrolling interest	2			2		—			—		2		2		2
NET INCOME		$538			$528		$10		2	%		$468		$465		$474
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS		$512			$505		$7		1	%		$451		$448		$457
Net interest income-FTE 2	1,467			1,439		28			2		1,400		1,377		1,342
Total revenue	2,276			2,230		46			2		2,213		2,158		2,197
Total revenue-FTE 2	2,313			2,266		47			2		2,247		2,192		2,231
Net income per average common share:
Diluted	1.06			1.03		0.03			3		0.91		0.90		0.91
Basic	1.07			1.05		0.02			2		0.92		0.91		0.92
Cash dividends paid per common share	0.40			0.26		0.14			54		0.26		0.26		0.26
Average common shares outstanding:
Diluted	483,640			488,020		(4,380		)	(1	)	496,002		497,055		500,885
Basic	478,258			482,913		(4,655		)	(1	)	490,091		491,497		496,304

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

	September 30						(Decrease)/Increase
(Dollars in millions and shares in thousands, except per share data) (Unaudited)	2017			2016			Amount			% 2
ASSETS
Cash and due from banks		$7,071			$8,019			($948	)	(12	)%
Federal funds sold and securities borrowed or purchased under agreements to resell	1,182			1,697			(515		)	(30	)
Interest-bearing deposits in other banks	25			24			1			4
Trading assets and derivative instruments	6,318			7,044			(726		)	(10	)
Securities available for sale	31,444			29,672			1,772			6
Loans held for sale ("LHFS")	2,835			3,772			(937		)	(25	)
Loans held for investment ("LHFI"):
Commercial and industrial ("C&I")	67,758			68,298			(540		)	(1	)
Commercial real estate ("CRE")	5,238			5,056			182			4
Commercial construction	3,964			3,875			89			2
Residential mortgages - guaranteed	497			521			(24		)	(5	)
Residential mortgages - nonguaranteed	27,041			26,306			735			3
Residential home equity products	10,865			12,178			(1,313		)	(11	)
Residential construction	327			393			(66		)	(17	)
Consumer student - guaranteed	6,559			5,844			715			12
Consumer other direct	8,597			7,358			1,239			17
Consumer indirect	11,952			10,434			1,518			15
Consumer credit cards	1,466			1,269			197			16
Total LHFI	144,264			141,532			2,732			2
Allowance for loan and lease losses ("ALLL")	(1,772		)	(1,743		)	29			2
Net LHFI	142,492			139,789			2,703			2
Goodwill	6,338			6,337			1			—
MSRs	1,628			1,119			509			45
Other assets	8,919			7,618			1,301			17
Total assets 1		$208,252			$205,091			$3,161		2	%
LIABILITIES
Deposits:
Noninterest-bearing consumer and commercial deposits		$43,984			$43,835			$149		—	%
Interest-bearing consumer and commercial deposits:
NOW accounts	47,213			43,093			4,120			10
Money market accounts	52,487			54,763			(2,276		)	(4	)
Savings	6,505			6,256			249			4
Consumer time	5,735			5,659			76			1
Other time	5,854			3,986			1,868			47
Total consumer and commercial deposits	161,778			157,592			4,186			3
Brokered time deposits	959			950			9			1
Foreign deposits	—			300			(300		)	(100	)
Total deposits	162,737			158,842			3,895			2
Funds purchased	3,118			2,226			892			40
Securities sold under agreements to repurchase	1,422			1,724			(302		)	(18	)
Other short-term borrowings	909			949			(40		)	(4	)
Long-term debt	11,280			11,866			(586		)	(5	)
Trading liabilities and derivative instruments	1,284			1,484			(200		)	(13	)
Other liabilities	2,980			3,551			(571		)	(16	)
Total liabilities	183,730			180,642			3,088			2
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	8,985			9,009			(24		)	—
Retained earnings	17,021			15,681			1,340			9
Treasury stock, at cost, and other	(3,274		)	(2,131		)	1,143			54
Accumulated other comprehensive (loss)/income, net of tax	(735		)	115			(850		)	NM
Total shareholders' equity	24,522			24,449			73			—
Total liabilities and shareholders' equity		$208,252			$205,091			$3,161		2	%
Common shares outstanding	476,001			495,936			(19,935		)	(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	74,053			53,985			20,068			37

¹ Includes earning assets of $185,071 and $181,341 at September 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)	September 30			June 30			Increase/(Decrease)					March 31			December 31			September 30
	2017			2017			Amount			%		2017			2016			2016
ASSETS
Cash and due from banks		$7,071			$6,968			$103		1	%		$6,957			$5,091			$8,019
Federal funds sold and securities borrowed or purchased under agreements to resell	1,182			1,249			(67		)	(5	)	1,292			1,307			1,697
Interest-bearing deposits in other banks	25			24			1			4		25			25			24
Trading assets and derivative instruments	6,318			5,847			471			8		6,007			6,067			7,044
Securities available for sale	31,444			31,142			302			1		31,127			30,672			29,672
LHFS	2,835			2,826			9			—		2,109			4,169			3,772
LHFI:
C&I	67,758			68,511			(753		)	(1	)	68,971			69,213			68,298
CRE	5,238			5,250			(12		)	—		5,067			4,996			5,056
Commercial construction	3,964			4,019			(55		)	(1	)	4,215			4,015			3,875
Residential mortgages - guaranteed	497			501			(4		)	(1	)	549			537			521
Residential mortgages - nonguaranteed	27,041			26,594			447			2		26,110			26,137			26,306
Residential home equity products	10,865			11,173			(308		)	(3	)	11,511			11,912			12,178
Residential construction	327			364			(37		)	(10	)	380			404			393
Consumer student - guaranteed	6,559			6,543			16			—		6,396			6,167			5,844
Consumer other direct	8,597			8,249			348			4		7,904			7,771			7,358
Consumer indirect	11,952			11,639			313			3		11,067			10,736			10,434
Consumer credit cards	1,466			1,425			41			3		1,359			1,410			1,269
Total LHFI	144,264			144,268			(4		)	—		143,529			143,298			141,532
ALLL	(1,772		)	(1,731		)	41			2		(1,714		)	(1,709		)	(1,743		)
Net LHFI	142,492			142,537			(45		)	—		141,815			141,589			139,789
Goodwill	6,338			6,338			—			—		6,338			6,337			6,337
MSRs	1,628			1,608			20			1		1,645			1,572			1,119
Other assets	8,919			8,684			235			3		8,327			8,046			7,618
Total assets 1		$208,252			$207,223			$1,029		—	%		$205,642			$204,875			$205,091
LIABILITIES
Deposits:
Noninterest-bearing consumer and commercial deposits		$43,984			$44,006			($22	)	—	%		$43,437			$43,431			$43,835
Interest-bearing consumer and commercial deposits:
NOW accounts	47,213			43,973			3,240			7		46,222			45,534			43,093
Money market accounts	52,487			53,000			(513		)	(1	)	55,261			54,166			54,763
Savings	6,505			6,599			(94		)	(1	)	6,668			6,266			6,256
Consumer time	5,735			5,610			125			2		5,495			5,534			5,659
Other time	5,854			5,131			723			14		4,448			3,933			3,986
Total consumer and commercial deposits	161,778			158,319			3,459			2		161,531			158,864			157,592
Brokered time deposits	959			944			15			2		917			924			950
Foreign deposits	—			610			(610		)	(100	)	405			610			300
Total deposits	162,737			159,873			2,864			2		162,853			160,398			158,842
Funds purchased	3,118			3,007			111			4		1,037			2,116			2,226
Securities sold under agreements to repurchase	1,422			1,503			(81		)	(5	)	1,704			1,633			1,724
Other short-term borrowings	909			2,640			(1,731		)	(66	)	1,955			1,015			949
Long-term debt	11,280			10,511			769			7		10,496			11,748			11,866
Trading liabilities and derivative instruments	1,284			1,090			194			18		1,225			1,351			1,484
Other liabilities	2,980			4,122			(1,142		)	(28	)	2,888			2,996			3,551
Total liabilities	183,730			182,746			984			1		182,158			181,257			180,642
SHAREHOLDERS’ EQUITY
Preferred stock, no par value	1,975			1,975			—			—		1,225			1,225			1,225
Common stock, $1.00 par value	550			550			—			—		550			550			550
Additional paid-in capital	8,985			8,973			12			—		8,966			9,010			9,009
Retained earnings	17,021			16,701			320			2		16,322			16,000			15,681
Treasury stock, at cost, and other	(3,274		)	(2,945		)	329			11		(2,712		)	(2,346		)	(2,131		)
Accumulated other comprehensive (loss)/income, net of tax	(735		)	(777		)	42			5		(867		)	(821		)	115
Total shareholders’ equity	24,522			24,477			45			—		23,484			23,618			24,449
Total liabilities and shareholders’ equity		$208,252			$207,223			$1,029		—	%		$205,642			$204,875			$205,091
Common shares outstanding	476,001			481,644			(5,643		)	(1	)%	485,712			491,188			495,936
Common shares authorized	750,000			750,000			—			—		750,000			750,000			750,000
Preferred shares outstanding	20			20			—			—		12			12			12
Preferred shares authorized	50,000			50,000			—			—		50,000			50,000			50,000
Treasury shares of common stock	74,053			68,369			5,684			8		64,301			58,738			53,985

¹ Includes earning assets of $185,071, $184,518, $183,279, $184,610, and $181,341 at September 30, 2017, June 30, 2017, March 31, 2017, December 31, 2016, and September 30, 2016, respectively.

15

SunTrust Banks, Inc. and Subsidiaries CONSOLIDATED DAILY AVERAGE BALANCES, INCOME/EXPENSE, AND AVERAGE YIELDS EARNED/RATES PAID
	Three Months Ended														(Decrease)/Increase From
	September 30, 2017							June 30, 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")		$68,277			$583	3.39	%		$69,122			$574	3.33	%		($845	)	0.06			$35		0.26
Commercial real estate ("CRE")	5,227			47		3.57		5,157			44		3.38		70			0.19		(748		)	0.65
Commercial construction	3,918			38		3.86		4,105			37		3.63		(187		)	0.23		1,009			0.58
Residential mortgages - guaranteed	512			5		3.57		532			4		2.95		(20		)	0.62		(28		)	0.23
Residential mortgages - nonguaranteed	26,687			255		3.82		26,090			248		3.80		597			0.02		665			0.08
Residential home equity products	10,778			120		4.40		11,113			118		4.27		(335		)	0.13		(1,297		)	0.47
Residential construction	333			4		4.68		363			4		4.19		(30		)	0.49		(46		)	0.21
Consumer student - guaranteed	6,535			73		4.44		6,462			71		4.42		73			0.02		830			0.41
Consumer other direct	8,426			104		4.91		8,048			97		4.84		378			0.07		1,336			0.35
Consumer indirect	11,824			105		3.51		11,284			98		3.50		540			0.01		663			0.10
Consumer credit cards	1,450			37		10.32		1,391			35		9.96		59			0.36		226			0.20
Nonaccrual	739			11		5.90		773			8		4.37		(34		)	1.53		(196		)	4.20
Total LHFI	144,706			1,382		3.79		144,440			1,338		3.72		266			0.07		2,449			0.31
Securities available for sale:
Taxable	30,669			191		2.49		30,654			189		2.47		15			0.02		2,209			0.28
Tax-exempt	504			4		2.99		348			3		3.04		156			(0.05	)	323			(0.42	)
Total securities available for sale	31,173			195		2.50		31,002			192		2.47		171			0.03		2,532			0.28
Federal funds sold and securities borrowed or purchased under agreements to resell	1,189			3		0.89		1,237			2		0.68		(48		)	0.21		18			0.78
Loans held for sale ("LHFS")	2,477			24		3.89		2,222			21		3.86		255			0.03		(390		)	0.42
Interest-bearing deposits in other banks	25			—		1.88		25			—		0.62		—			1.26		1			1.50
Interest earning trading assets	5,291			31		2.38		5,131			30		2.33		160			0.05		(272		)	0.81
Total earning assets	184,861			1,635		3.51		184,057			1,583		3.45		804			0.06		4,338			0.31
Allowance for loan and lease losses ("ALLL")	(1,748		)					(1,723		)					25					(8		)
Cash and due from banks	5,023							4,901							122					(419		)
Other assets	16,501							16,248							253					1,679
Noninterest earning trading assets and derivative instruments	948							918							30					(590		)
Unrealized gains on securities available for sale, net	153							93							60					(754		)
Total assets		$205,738							$204,494							$1,294					$4,246
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing deposits:
NOW accounts		$44,604			$37	0.33	%		$44,437			$30	0.27	%		$167		0.06			$3,444		0.19
Money market accounts	53,278			43		0.32		54,199			38		0.28		(921		)	0.04		(1,222		)	0.11
Savings	6,535			—		0.02		6,638			—		0.03		(103		)	(0.01	)	231			(0.01	)
Consumer time	5,675			11		0.76		5,555			10		0.71		120			0.05		(51		)	0.07
Other time	5,552			16		1.14		4,691			12		1.05		861			0.09		1,571			0.17
Total interest-bearing consumer and commercial deposits	115,644			107		0.37		115,520			90		0.31		124			0.06		3,973			0.14
Brokered time deposits	947			3		1.28		929			3		1.29		18			(0.01	)	(12		)	(0.03	)
Foreign deposits	295			1		1.13		720			2		0.95		(425		)	0.18		165			0.76
Total interest-bearing deposits	116,886			111		0.38		117,169			95		0.32		(283		)	0.06		4,126			0.14
Funds purchased	1,689			5		1.15		1,155			3		0.96		534			0.19		905			0.79
Securities sold under agreements to repurchase	1,464			4		1.07		1,572			3		0.89		(108		)	0.18		(227		)	0.62
Interest-bearing trading liabilities	912			6		2.84		992			6		2.66		(80		)	0.18		(18		)	0.73
Other short-term borrowings	1,797			3		0.56		2,008			3		0.55		(211		)	0.01		531			0.37
Long-term debt	11,204			76		2.70		10,518			70		2.66		686			0.04		(1,053		)	0.49
Total interest-bearing liabilities	133,952			205		0.61		133,414			180		0.54		538			0.07		4,264			0.17
Noninterest-bearing deposits	43,775							43,616							159					133
Other liabilities	3,046							2,976							70					(310		)
Noninterest-bearing trading liabilities and derivative instruments	392							349							43					12
Shareholders’ equity	24,573							24,139							434					163
Total liabilities and shareholders’ equity		$205,738							$204,494							$1,244					$4,262
Interest Rate Spread						2.90	%						2.91	%				(0.01	)				0.14
Net Interest Income					$1,430							$1,403
Net Interest Income-FTE 2					$1,467							$1,439
Net Interest Margin 3						3.07	%						3.06	%				0.01					0.19
Net Interest Margin-FTE 2, 3						3.15							3.14					0.01					0.19

¹ Interest income includes loan fees of $45 million for both the three months ended September 30, 2017 and June 30, 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 September 30, 2017 and June 30, 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
	March 31, 2017							December 31, 2016							September 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		$69,076			$554	3.25	%		$68,407			$549	3.19	%		$68,242			$536	3.13	%
CRE	5,038			39		3.18		5,141			38		2.93		5,975			44		2.92
Commercial construction	4,076			34		3.39		3,852			31		3.22		2,909			24		3.28
Residential mortgages - guaranteed	567			4		3.07		542			4		2.57		540			5		3.34
Residential mortgages - nonguaranteed	25,918			247		3.80		26,065			244		3.75		26,022			243		3.74
Residential home equity products	11,466			116		4.10		11,809			116		3.91		12,075			119		3.93
Residential construction	385			4		4.04		382			4		4.24		379			4		4.47
Consumer student - guaranteed	6,278			65		4.20		5,990			62		4.12		5,705			58		4.03
Consumer other direct	7,819			97		5.02		7,556			88		4.64		7,090			81		4.56
Consumer indirect	10,847			92		3.43		10,633			92		3.44		11,161			96		3.41
Consumer credit cards	1,369			33		9.79		1,324			33		9.93		1,224			31		10.12
Nonaccrual	831			4		2.03		877			8		3.77		935			4		1.70
Total LHFI	143,670			1,289		3.64		142,578			1,269		3.54		142,257			1,245		3.48
Securities available for sale:
Taxable	30,590			185		2.42		29,314			166		2.27		28,460			157		2.21
Tax-exempt	286			2		3.04		273			2		3.08		181			2		3.41
Total securities available for sale	30,876			187		2.42		29,587			168		2.28		28,641			159		2.22
Federal funds sold and securities borrowed or purchased under agreements to resell	1,236			1		0.33		1,332			—		(0.03	)	1,171			—		0.11
LHFS	2,611			24		3.71		3,570			30		3.42		2,867			25		3.47
Interest-bearing deposits in other banks	25			—		0.64		24			—		0.47		24			—		0.38
Interest earning trading assets	5,188			27		2.09		5,384			25		1.83		5,563			22		1.57
Total earning assets	183,606			1,528		3.38		182,475			1,492		3.25		180,523			1,451		3.20
ALLL	(1,700		)					(1,724		)					(1,756		)
Cash and due from banks	5,556							5,405							5,442
Other assets	15,952							15,375							14,822
Noninterest earning trading assets and derivative instruments	888							1,103							1,538
Unrealized (losses)/gains on securities available for sale, net	(50		)					512							907
Total assets		$204,252							$203,146							$201,476
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing deposits:
NOW accounts		$44,745			$23	0.21	%		$42,929			$17	0.16	%		$41,160			$15	0.14	%
Money market accounts	54,902			34		0.25		54,416			30		0.22		54,500			29		0.21
Savings	6,415			—		0.02		6,259			—		0.03		6,304			—		0.03
Consumer time	5,487			9		0.69		5,599			10		0.69		5,726			10		0.69
Other time	4,232			10		0.97		3,954			10		0.97		3,981			10		0.97
Total interest-bearing consumer and commercial deposits	115,781			76		0.27		113,157			67		0.23		111,671			64		0.23
Brokered time deposits	917			3		1.28		935			3		1.28		959			3		1.31
Foreign deposits	678			1		0.66		308			—		0.45		130			—		0.37
Total interest-bearing deposits	117,376			80		0.28		114,400			70		0.24		112,760			67		0.24
Funds purchased	872			1		0.65		1,008			1		0.43		784			1		0.36
Securities sold under agreements to repurchase	1,715			3		0.61		1,708			2		0.45		1,691			2		0.45
Interest-bearing trading liabilities	1,002			6		2.61		1,146			6		2.13		930			5		2.11
Other short-term borrowings	1,753			2		0.49		978			—		0.11		1,266			—		0.19
Long-term debt	11,563			70		2.45		11,632			70		2.37		12,257			68		2.21
Total interest-bearing liabilities	134,281			162		0.49		130,872			149		0.45		129,688			143		0.44
Noninterest-bearing deposits	43,093							44,839							43,642
Other liabilities	2,860							3,112							3,356
Noninterest-bearing trading liabilities and derivative instruments	347							279							380
Shareholders’ equity	23,671							24,044							24,410
Total liabilities and shareholders’ equity		$204,252							$203,146							$201,476
Interest Rate Spread						2.89	%						2.80	%						2.76	%
Net Interest Income					$1,366							$1,343							$1,308
Net Interest Income-FTE 2					$1,400							$1,377							$1,342
Net Interest Margin 3						3.02	%						2.93	%						2.88	%
Net Interest Margin-FTE 2, 3						3.09							3.00							2.96

¹  Interest income includes loan fees of $45 million, $41 million, and $40 million for the three months ended March 31, 2017, December 31, 2016, and September 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 March 31, 2017, December 31, 2016, and September 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
	Nine Months Ended
	September 30, 2017							September 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		$68,822			$1,711	3.32	%		$68,405			$1,599	3.12	%			$417		0.20
CRE	5,141			130		3.38		6,032			132		2.91			(891		)	0.47
Commercial construction	4,032			109		3.63		2,578			63		3.27			1,454			0.36
Residential mortgages - guaranteed	537			13		3.19		587			16		3.72			(50		)	(0.53	)
Residential mortgages - nonguaranteed	26,234			749		3.81		25,383			720		3.78			851			0.03
Residential home equity products	11,117			354		4.26		12,461			368		3.94			(1,344		)	0.32
Residential construction	360			12		4.29		374			12		4.44			(14		)	(0.15	)
Consumer student - guaranteed	6,426			209		4.36		5,404			162		4.00			1,022			0.36
Consumer other direct	8,100			298		4.92		6,641			225		4.53			1,459			0.39
Consumer indirect	11,322			295		3.48		10,739			273		3.39			583			0.09
Consumer credit cards	1,404			105		10.03		1,142			87		10.17			262			(0.14	)
Nonaccrual	781			24		4.04		882			13		1.98			(101		)	2.06
Total LHFI	144,276			4,009		3.72		140,628			3,670		3.49			3,648			0.23
Securities available for sale:
Taxable	30,638			564		2.45		27,847			479		2.29			2,791			0.16
Tax-exempt	380			9		3.01		161			4		3.54			219			(0.53	)
Total securities available for sale	31,018			573		2.46		28,008			483		2.30			3,010			0.16
Federal funds sold and securities borrowed or purchased under agreements to resell	1,221			6		0.63		1,210			1		0.15			11			0.48
LHFS	2,436			70		3.82		2,235			62		3.69			201			0.13
Interest-bearing deposits in other banks	25			—		1.05		24			—		0.38			1			0.67
Interest earning trading assets	5,204			89		2.27		5,495			69		1.69			(291		)	0.58
Total earning assets	184,180			4,747		3.45		177,600			4,285		3.22			6,580			0.23
ALLL	(1,724		)					(1,754		)						(30		)
Cash and due from banks	5,158							4,863								295
Other assets	16,235							14,713								1,522
Noninterest earning trading assets and derivative instruments	918							1,484								(566		)
Unrealized gains on securities available for sale, net	66							707								(641		)
Total assets		$204,833							$197,613								$7,160
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing deposits:
NOW accounts		$44,595			$90	0.27	%		$40,285			$38	0.12	%			$4,310		0.15
Money market accounts	54,120			114		0.28		53,586			77		0.19			534			0.09
Savings	6,530			1		0.02		6,294			1		0.03			236			(0.01	)
Consumer time	5,573			30		0.72		5,937			33		0.75			(364		)	(0.03	)
Other time	4,830			38		1.06		3,892			30		1.01			938			0.05
Total interest-bearing consumer and commercial deposits	115,648			273		0.32		109,994			179		0.22			5,654			0.10
Brokered time deposits	931			9		1.28		924			9		1.34			7			(0.06	)
Foreign deposits	563			4		0.86		60			—		0.36			503			0.50
Total interest-bearing deposits	117,142			286		0.33		110,978			188		0.23			6,164			0.10
Funds purchased	1,242			9		0.97		1,071			3		0.36			171			0.61
Securities sold under agreements to repurchase	1,583			10		0.85		1,742			6		0.41			(159		)	0.44
Interest-bearing trading liabilities	968			20		2.70		984			17		2.36			(16		)	0.34
Other short-term borrowings	1,852			7		0.54		1,611			3		0.25			241			0.29
Long-term debt	11,094			216		2.60		10,477			191		2.44			617			0.16
Total interest-bearing liabilities	133,881			548		0.55		126,863			408		0.43			7,018			0.12
Noninterest-bearing deposits	43,497							42,917								580
Other liabilities	2,961							3,299								(338		)
Noninterest-bearing trading liabilities and derivative instruments	363							458								(95		)
Shareholders’ equity	24,131							24,076								55
Total liabilities and shareholders’ equity		$204,833							$197,613								$7,220
Interest Rate Spread						2.90	%						2.79	%					0.11
Net Interest Income					$4,199							$3,877
Net Interest Income-FTE 2					$4,306							$3,982
Net Interest Margin 3						3.05	%						2.92	%					0.13
Net Interest Margin-FTE 2, 3						3.13							2.99						0.14

¹ Interest income includes loan fees of $135 million and $124 million for the nine months ended September 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 nine months ended September 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											Nine Months Ended
	September 30						(Decrease)/Increase					September 30						(Decrease)/Increase
(Dollars in millions) (Unaudited)	2017			2016			Amount			% 4		2017			2016			Amount			% 4
CREDIT DATA
Allowance for credit losses, beginning of period		$1,803			$1,840			($37	)	(2	)%		$1,776			$1,815			($39	)	(2	)%
Provision for unfunded commitments	1			2			(1		)	(50	)	6			5			1			20
Provision/(benefit) for loan losses:
Commercial	5			81			(76		)	(94	)	89			293			(204		)	(70	)
Residential	29			(36		)	65			NM		33			(72		)	105			NM
Consumer	85			50			35			70		202			117			85			73
Total provision for loan losses	119			95			24			25		324			338			(14		)	(4	)
Charge-offs:
Commercial	(33		)	(78		)	(45		)	(58	)	(122		)	(209		)	(87		)	(42	)
Residential	(23		)	(28		)	(5		)	(18	)	(78		)	(102		)	(24		)	(24	)
Consumer	(53		)	(44		)	9			20		(157		)	(117		)	40			34
Total charge-offs	(109		)	(150		)	(41		)	(27	)	(357		)	(428		)	(71		)	(17	)
Recoveries:
Commercial	11			7			4			57		32			26			6			23
Residential	8			7			1			14		27			22			5			23
Consumer	12			10			2			20		37			33			4			12
Total recoveries	31			24			7			29		96			81			15			19
Net charge-offs	(78		)	(126		)	(48		)	(38	)	(261		)	(347		)	(86		)	(25	)
Allowance for credit losses, end of period		$1,845			$1,811			$34		2	%		$1,845			$1,811			$34		2	%
Components:
Allowance for loan and lease losses ("ALLL")													$1,772			$1,743			$29		2	%
Unfunded commitments reserve												73			68			5			7
Allowance for credit losses													$1,845			$1,811			$34		2	%
Net charge-offs to average loans held for investment ("LHFI") (annualized):
Commercial	0.11		%	0.37		%	(0.26		)	(70	)%	0.15		%	0.32		%	(0.17		)	(53	)%
Residential	0.15			0.21			(0.06		)	(29	)	0.18			0.27			(0.09		)	(33	)
Consumer	0.59			0.52			0.07			13		0.59			0.47			0.12			26
Total net charge-offs to total average LHFI	0.21			0.35			(0.14		)	(40	)	0.24			0.33			(0.09		)	(27	)
Period Ended
Nonaccrual/nonperforming loans ("NPLs"):
Commercial													$298			$513			($215	)	(42	)%
Residential												386			429			(43		)	(10	)
Consumer												13			7			6			86
Total nonaccrual/NPLs												697			949			(252		)	(27	)
Other real estate owned (“OREO”)												57			57			—			—
Other repossessed assets												7			13			(6		)	(46	)
Nonperforming loans held for sale ("nonperforming LHFS")												31			—			31			NM
Total nonperforming assets ("NPAs")													$792			$1,019			($227	)	(22	)%
Accruing restructured loans													$2,501			$2,522			($21	)	(1	)%
Nonaccruing restructured loans 1												304			306			(2		)	(1	)
Accruing LHFI past due > 90 days (guaranteed)												1,304			1,114			190			17
Accruing LHFI past due > 90 days (non-guaranteed)												39			30			9			30
Accruing LHFS past due > 90 days												—			2			(2		)	(100	)
NPLs to period-end LHFI												0.48		%	0.67		%	(0.19		)	(28	)%
NPAs to period-end LHFI plus nonperforming LHFS, OREO, and other repossessed assets												0.55			0.72			(0.17		)	(24	)
ALLL to period-end LHFI 2, 3												1.23			1.23			—			—
ALLL to NPLs 2, 3												2.55x			1.84x			0.71x			39

¹ Nonaccruing restructured loans are included in total nonaccrual/NPLs.

² This ratio is computed using the ALLL.

³ Loans measured at fair value were excluded from the calculation as no allowance is recorded for loans measured at fair value. The Company believes that this presentation more appropriately reflects the relationship between the ALLL and loans that attract an allowance.

⁴ "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
	September 30			June 30			Increase/(Decrease)					March 31			December 31			September 30
(Dollars in millions) (Unaudited)	2017			2017			Amount			% 4		2017			2016			2016
CREDIT DATA
Allowance for credit losses, beginning of period		$1,803			$1,783			$20		1	%		$1,776			$1,811			$1,840
Provision/(benefit) for unfunded commitments	1			3			(2		)	(67	)	2			(1		)	2
Provision/(benefit) for loan losses:
Commercial	5			39			(34		)	(87	)	46			36			81
Residential	29			(2		)	31			NM		5			13			(36		)
Consumer	85			50			35			70		66			53			50
Total provision for loan losses	119			87			32			37		117			102			95
Charge-offs:
Commercial	(33		)	(26		)	7			27		(63		)	(78		)	(78		)
Residential	(23		)	(26		)	(3		)	(12	)	(29		)	(34		)	(28		)
Consumer	(53		)	(49		)	4			8		(54		)	(51		)	(44		)
Total charge-offs	(109		)	(101		)	8			8		(146		)	(163		)	(150		)
Recoveries:
Commercial	11			7			4			57		13			9			7
Residential	8			11			(3		)	(27	)	9			8			7
Consumer	12			13			(1		)	(8	)	12			10			10
Total recoveries	31			31			—			—		34			27			24
Net charge-offs	(78		)	(70		)	8			11		(112		)	(136		)	(126		)
Allowance for credit losses, end of period		$1,845			$1,803			$42		2	%		$1,783			$1,776			$1,811
Components:
ALLL		$1,772			$1,731			$41		2	%		$1,714			$1,709			$1,743
Unfunded commitments reserve	73			72			1			1		69			67			68
Allowance for credit losses		$1,845			$1,803			$42		2	%		$1,783			$1,776			$1,811
Net charge-offs to average LHFI (annualized):
Commercial	0.11		%	0.10		%	0.01			10	%	0.26		%	0.35		%	0.37		%
Residential	0.15			0.16			(0.01		)	(6	)	0.22			0.26			0.21
Consumer	0.59			0.54			0.05			9		0.64			0.64			0.52
Total net charge-offs to total average LHFI	0.21			0.20			0.01			5		0.32			0.38			0.35
Period Ended
Nonaccrual/NPLs:
Commercial		$298			$325			($27	)	(8	)%		$352			$414			$513
Residential	386			419			(33		)	(8	)	428			424			429
Consumer	13			10			3			30		9			7			7
Total nonaccrual/NPLs	697			754			(57		)	(8	)	789			845			949
OREO	57			61			(4		)	(7	)	62			60			57
Other repossessed assets	7			6			1			17		7			14			13
Nonperforming LHFS	31			—			31			NM		—			—			—
Total NPAs		$792			$821			($29	)	(4	)%		$858			$919			$1,019
Accruing restructured loans		$2,501			$2,524			($23	)	(1	)%		$2,545			$2,535			$2,522
Nonaccruing restructured loans 1	304			321			(17		)	(5	)	329			306			306
Accruing LHFI past due > 90 days (guaranteed)	1,304			1,221			83			7		1,190			1,254			1,114
Accruing LHFI past due > 90 days (non-guaranteed)	39			30			9			30		37			34			30
Accruing LHFS past due > 90 days	—			1			(1		)	(100	)	1			1			2
NPLs to period-end LHFI	0.48		%	0.52		%	(0.04		)	(8	)%	0.55		%	0.59		%	0.67		%
NPAs to period-end LHFI plus nonperforming LHFS, OREO, and other repossessed assets	0.55			0.57			(0.02		)	(4	)	0.60			0.64			0.72
ALLL to period-end LHFI 2, 3	1.23			1.20			0.03			3		1.20			1.19			1.23
ALLL to NPLs 2, 3	2.55x			2.31x			0.24x			10		2.18x			2.03x			1.84x

¹ Nonaccruing restructured loans are included in total nonaccrual/NPLs.

² This ratio is computed using the ALLL.

³ Loans measured at fair value were excluded from the calculation as no allowance is recorded for loans measured at fair value. The Company believes that this presentation more appropriately reflects the relationship between the ALLL and loans that attract an allowance.

⁴ "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 September 30									Nine Months Ended September 30
(Dollars in millions) (Unaudited)	MSRs - Fair Value			Other			Total			MSRs - Fair Value			Other			Total
OTHER INTANGIBLE ASSETS ROLLFORWARD
Balance, beginning of period		$1,061			$14			$1,075			$1,307			$18			$1,325
Amortization	—			(2		)	(2		)	—			(6		)	(6		)
Servicing rights originated	88			—			88			198			—			198
Servicing rights purchased	27			—			27			104			—			104
Fair value changes due to inputs and assumptions 1	5			—			5			(328		)	—			(328		)
Other changes in fair value 2	(61		)	—			(61		)	(160		)	—			(160		)
Servicing rights sold	(1		)	—			(1		)	(2		)	—			(2		)
Balance, September 30, 2016		$1,119			$12			$1,131			$1,119			$12			$1,131
Balance, beginning of period		$1,608			$81			$1,689			$1,572			$85			$1,657
Amortization	—			(6		)	(6		)	—			(16		)	(16		)
Servicing rights originated	90			3			93			252			10			262
Fair value changes due to inputs and assumptions 1	(11		)	—			(11		)	(27		)	—			(27		)
Other changes in fair value 2	(59		)	—			(59		)	(168		)	—			(168		)
Servicing rights sold	—			—			—			(1		)	—			(1		)
Other 3	—			—			—			—			(1		)	(1		)
Balance, September 30, 2017		$1,628			$78			$1,706			$1,628			$78			$1,706

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
	September 30		June 30		March 31		December 31		September 30
(Shares in thousands) (Unaudited)	2017		2017		2017		2016		2016
COMMON SHARES OUTSTANDING ROLLFORWARD
Balance, beginning of period	481,644		485,712		491,188		495,936		501,412
Common shares issued for employee benefit plans	125		111		1,536		560		259
Repurchases of common stock	(5,768	)	(4,179	)	(7,012	)	(5,308	)	(5,735	)
Balance, end of period	476,001		481,644		485,712		491,188		495,936

21

SunTrust Banks, Inc. and Subsidiaries APPENDIX A TO THE EARNINGS RELEASE - RECONCILEMENT OF NON-U.S. GAAP MEASURES 1
	Three Months Ended															Nine Months Ended
	September 30			June 30			March 31			December 31			September 30			September 30
(Dollars in millions) (Unaudited)	2017			2017			2017			2016			2016			2017			2016
Net interest income		$1,430			$1,403			$1,366			$1,343			$1,308			$4,199			$3,877
Fully taxable-equivalent ("FTE") adjustment	37			36			34			34			34			107			105
Net interest income-FTE 2	1,467			1,439			1,400			1,377			1,342			4,306			3,982
Noninterest income	846			827			847			815			889			2,520			2,569
Total revenue-FTE 2		$2,313			$2,266			$2,247			$2,192			$2,231			$6,826			$6,551
Return on average common shareholders’ equity	9.03		%	9.08		%	8.19		%	7.85		%	7.89		%	8.77		%	8.01		%
Impact of removing average intangible assets and related pre-tax amortization, other than MSRs and other servicing rights	3.42			3.43			3.09			2.91			2.84			3.32			2.95
Return on average tangible common shareholders' equity 3	12.45		%	12.51		%	11.28		%	10.76		%	10.73		%	12.09		%	10.96		%
Net interest margin	3.07		%	3.06		%	3.02		%	2.93		%	2.88		%	3.05		%	2.92		%
Impact of FTE adjustment	0.08			0.08			0.07			0.07			0.08			0.08			0.07
Net interest margin-FTE 2	3.15		%	3.14		%	3.09		%	3.00		%	2.96		%	3.13		%	2.99		%
Noninterest expense		$1,391			$1,388			$1,465			$1,397			$1,409			$4,243			$4,072
Total revenue	2,276			2,230			2,213			2,158			2,197			6,719			6,446
Efficiency ratio 4	61.12		%	62.24		%	66.20		%	64.74		%	64.13		%	63.16		%	63.17		%
Impact of FTE adjustment	(0.98		)	(1.00		)	(1.01		)	(1.01		)	(0.99		)	(0.99		)	(1.01		)
Efficiency ratio-FTE 2, 4	60.14			61.24			65.19			63.73			63.14			62.17			62.16
Impact of excluding amortization related to intangible assets and certain tax credits	(0.93		)	(0.65		)	(0.59		)	(0.65		)	(0.60		)	(0.73		)	(0.53		)
Tangible efficiency ratio-FTE 2, 5	59.21		%	60.59		%	64.60		%	63.08		%	62.54		%	61.44		%	61.63		%
Basel III Common Equity Tier 1 ("CET1") ratio (transitional) 6	9.62		%	9.68		%	9.69		%	9.59		%	9.78		%
Impact of MSRs and other under fully phased-in approach	(0.14		)	(0.15		)	(0.15		)	(0.16		)	(0.12		)
Basel III fully phased-in CET1 ratio 6	9.48		%	9.53		%	9.54		%	9.43		%	9.66		%

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
	September 30			June 30			March 31			December 31			September 30
(Dollars in millions, except per share data) (Unaudited)	2017			2017			2017			2016			2016
Total shareholders' equity		$24,522			$24,477			$23,484			$23,618			$24,449
Goodwill, net of deferred taxes of $254 million, $253 million, $252 million, $251 million, and $248 million, respectively	(6,084		)	(6,085		)	(6,086		)	(6,086		)	(6,089		)
Other intangible assets (including MSRs and other servicing rights)	(1,706		)	(1,689		)	(1,729		)	(1,657		)	(1,131		)
MSRs and other servicing rights	1,690			1,671			1,711			1,638			1,124
Tangible equity 2	18,422			18,374			17,380			17,513			18,353
Noncontrolling interest	(101		)	(103		)	(101		)	(103		)	(101		)
Preferred stock	(1,975		)	(1,975		)	(1,225		)	(1,225		)	(1,225		)
Tangible common equity 2		$16,346			$16,296			$16,054			$16,185			$17,027
Total assets		$208,252			$207,223			$205,642			$204,875			$205,091
Goodwill	(6,338		)	(6,338		)	(6,338		)	(6,337		)	(6,337		)
Other intangible assets (including MSRs and other servicing rights)	(1,706		)	(1,689		)	(1,729		)	(1,657		)	(1,131		)
MSRs and other servicing rights	1,690			1,671			1,711			1,638			1,124
Tangible assets		$201,898			$200,867			$199,286			$198,519			$198,747
Tangible equity to tangible assets 2	9.12		%	9.15		%	8.72		%	8.82		%	9.23		%
Tangible common equity to tangible assets 2	8.10			8.11			8.06			8.15			8.57
Tangible book value per common share 3		$34.34			$33.83			$33.05			$32.95			$34.33

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 September 30								Nine Months Ended September 30
(Dollars in millions) (Unaudited)	2017			2016			% Change 5		2017			2016			% Change 5
Statements of Income:
Net interest income		$941			$872		8	%		$2,748			$2,578		7	%
FTE adjustment	—			—			—		—			—			—
Net interest income-FTE 2	941			872			8		2,748			2,578			7
Provision for credit losses 3	136			29			NM		299			90			NM
Net interest income-FTE - after provision for credit losses 2	805			843			(5	)	2,449			2,488			(2	)
Noninterest income before net securities gains	473			555			(15	)	1,401			1,568			(11	)
Net securities gains	—			—			—		—			—			—
Total noninterest income	473			555			(15	)	1,401			1,568			(11	)
Noninterest expense before amortization	897			984			(9	)	2,829			2,837			—
Amortization	2			1			100		3			2			50
Total noninterest expense	899			985			(9	)	2,832			2,839			—
Income-FTE - before provision for income taxes 2	379			413			(8	)	1,018			1,217			(16	)
Provision for income taxes	138			155			(11	)	367			455			(19	)
Tax credit adjustment	—			—			—		—			—			—
FTE adjustment	—			—			—		—			—			—
Net income including income attributable to noncontrolling interest	241			258			(7	)	651			762			(15	)
Less: Net income attributable to noncontrolling interest	—			—			—		—			—			—
Net income		$241			$258		(7	)%		$651			$762		(15	)%
Total revenue		$1,414			$1,427		(1	)%		$4,149			$4,146		—	%
Total revenue-FTE 2	1,414			1,427			(1	)	4,149			4,146			—
Selected Average Balances:
Total LHFI		$73,378			$70,560		4	%		$72,200			$69,075		5	%
Goodwill	4,262			4,262			—		4,262			4,262			—
Other intangible assets excluding MSRs	7			12			(42	)	8			14			(43	)
Total assets	83,161			80,298			4		82,071			78,378			5
Consumer and commercial deposits	103,066			99,730			3		102,686			98,751			4
Performance Ratios:
Efficiency ratio	63.55		%	69.04		%			68.26		%	68.45		%
Impact of FTE adjustment	—			—					—			—
Efficiency ratio-FTE 2	63.55			69.04					68.26			68.45
Impact of excluding amortization and associated funding cost of intangible assets	(1.18		)	(1.08		)			(1.17		)	(1.11		)
Tangible efficiency ratio-FTE 2, 4	62.37		%	67.96		%			67.09		%	67.34		%

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.

24

SunTrust Banks, Inc. and Subsidiaries CONSUMER BUSINESS SEGMENT, continued 1
	Three Months Ended September 30								Nine Months Ended September 30
(Dollars in millions) (Unaudited)	2017			2016			% Change		2017			2016			% Change
Mortgage Production Data:
Channel mix:
Retail		$2,438			$3,386		(28	)%		$7,422			$9,041		(18	)%
Correspondent	3,715			5,073			(27	)	10,647			11,653			(9	)
Total production		$6,153			$8,459		(27	)%		$18,069			$20,694		(13	)%
Channel mix - percent:
Retail	40		%	40		%			41		%	44		%
Correspondent	60			60					59			56
Total production	100		%	100		%			100		%	100		%
Purchase and refinance mix:
Refinance		$1,980			$4,281		(54	)%		$6,473			$10,162		(36	)%
Purchase	4,173			4,178			—		11,596			10,532			10
Total production		$6,153			$8,459		(27	)%		$18,069			$20,694		(13	)%
Purchase and refinance mix - percent:
Refinance	32		%	51		%			36		%	49		%
Purchase	68			49					64			51
Total production	100		%	100		%			100		%	100		%
Applications		$7,658			$11,866		(35	)%		$23,675			$32,296		(27	)%
Mortgage Servicing Data (End of Period):
Total loans serviced										$165,273			$153,984		7	%
Total loans serviced for others									135,411			123,936			9
Net carrying value of MSRs									1,628			1,119			45
Ratio of net carrying value of MSRs to total loans serviced for others									1.202		%	0.903		%
Assets Under Administration (End of Period):
Trust and institutional managed assets										$42,266			$40,893		3	%
Retail brokerage managed assets									15,561			12,493			25
Total managed assets									57,827			53,386			8
Non-managed assets									97,491			93,623			4
Total assets under advisement										$155,318			$147,009		6	%

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.

25

SunTrust Banks, Inc. and Subsidiaries WHOLESALE BUSINESS SEGMENT
	Three Months Ended September 30								Nine Months Ended September 30
(Dollars in millions) (Unaudited)	2017			2016			% Change 4		2017			2016			% Change 4
Statements of Income:
Net interest income		$571			$505		13	%		$1,670			$1,488		12	%
FTE adjustment	36			34			6		105			103			2
Net interest income-FTE 1	607			539			13		1,775			1,591			12
(Benefit)/provision for credit losses 2	(16		)	68			NM		31			253			(88	)
Net interest income-FTE - after (benefit)/provision for credit losses 1	623			471			32		1,744			1,338			30
Noninterest income before net securities gains	406			355			14		1,194			996			20
Net securities gains	—			—			—		—			—			—
Total noninterest income	406			355			14		1,194			996			20
Noninterest expense before amortization	440			411			7		1,353			1,210			12
Amortization	19			13			46		46			33			39
Total noninterest expense	459			424			8		1,399			1,243			13
Income-FTE - before provision for income taxes 1	570			402			42		1,539			1,091			41
Provision for income taxes	128			79			62		346			210			65
Tax credit adjustment	47			37			27		121			94			29
FTE adjustment	36			34			6		105			103			2
Net income including income attributable to noncontrolling interest	359			252			42		967			684			41
Less: Net income attributable to noncontrolling interest	—			—			—		—			—			—
Net income		$359			$252		42	%		$967			$684		41	%
Total revenue		$977			$860		14	%		$2,864			$2,484		15	%
Total revenue-FTE 1	1,013			894			13		2,969			2,587			15
Selected Average Balances:
Total LHFI		$71,255			$71,625		(1	)%		$72,005			$71,489		1	%
Goodwill	2,076			2,075			—		2,076			2,075			—
Other intangible assets excluding MSRs	74			1			NM		75			1			NM
Total assets	85,280			85,762			(1	)	85,638			85,392			—
Consumer and commercial deposits	56,211			55,489			1		56,326			54,099			4
Performance Ratios:
Efficiency ratio	46.94		%	49.27		%			48.85		%	50.01		%
Impact of FTE adjustment	(1.68		)	(1.85		)			(1.74		)	(1.99		)
Efficiency ratio-FTE 1	45.26			47.42					47.11			48.02
Impact of excluding amortization and associated funding cost of intangible assets	(2.39		)	(1.99		)			(2.06		)	(1.85		)
Tangible efficiency ratio-FTE 1, 3	42.87		%	45.43		%			45.05		%	46.17		%

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  (Benefit)/provision for credit losses represents net charge-offs by segment combined with an allocation to the segments for the (benefit)/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 September 30								Nine Months Ended September 30
(Dollars in millions) (Unaudited)	2017			2016			% Change 4		2017			2016				% Change 4
Statements of Income:
Net interest income/(expense) 1		($82	)		($69	)	(19	)%		($219	)		($189	)		(16	)%
FTE adjustment	1			—			NM		2			2				—
Net interest income/(expense)-FTE 2	(81		)	(69		)	(17	)	(217		)	(187		)		(16	)
Provision/(benefit) for credit losses 3	—			—			—		—			—				—
Net interest income/(expense)-FTE - after provision/(benefit) for credit losses 2	(81		)	(69		)	(17	)	(217		)	(187		)		(16	)
Noninterest income/(expense) before net securities gains	(33		)	(21		)	(57	)	(76		)	1				NM
Net securities gains	—			—			—		1			4				(75	)
Total noninterest income/(expense)	(33		)	(21		)	(57	)	(75		)	5				NM
Noninterest expense/(income) before amortization	32			—			NM		12			(10		)		NM
Amortization	1			—			NM		—			—				—
Total noninterest expense/(income)	33			—			NM		12			(10		)		NM
Income/(loss)-FTE - before benefit for income taxes 2	(147		)	(90		)	(63	)	(304		)	(172		)		(77	)
Benefit for income taxes	(41		)	(19		)	NM		(107		)	(54		)		(98	)
Tax credit adjustment	(47		)	(37		)	(27	)	(121		)	(94		)		(29	)
FTE adjustment	1			—			NM		2			2				—
Net income/(loss) including income attributable to noncontrolling interest	(60		)	(34		)	(76	)	(78		)	(26		)		NM
Less: Net income attributable to noncontrolling interest	2			2			—		7			7				—
Net income/(loss)		($62	)		($36	)	(72	)		($85	)		($33	)		NM
Total revenue		($115	)		($90	)	(28	)		($294	)		($184	)		(60	)%
Total revenue-FTE 2	(114		)	(90		)	(27	)	(292		)	(182		)		(60	)
Selected Average Balances:
Total LHFI		$73			$72		1	%		$71			$64			11	%
Securities available for sale	31,140			28,602			9		30,983			27,968				11
Goodwill	—			—			—		—			—				—
Other intangible assets excluding MSRs	—			—			—		—			—				—
Total assets	37,297			35,416			5		37,124			33,843				10
Consumer and commercial deposits	142			94			51		133			61				NM
Other Information (End of Period):
Duration of securities available for sale portfolio (in years)									4.4			3.8
Net interest income interest rate sensitivity:
% Change in net interest income under:
Instantaneous 200 basis point increase in rates over next 12 months									3.2		%	3.6		%
Instantaneous 100 basis point increase in rates over next 12 months									1.8		%	2.1		%
Instantaneous 25 basis point decrease in rates over next 12 months									(0.6		)%	(0.7		)%
Instantaneous 100 basis point decrease in rates over next 12 months									(6.7		)%	NM			5

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.

⁵ “NM” - Not meaningful. A downward rate change of 100 basis points would imply a negative interest rate environment during the period and was not considered to be meaningful.

27

SunTrust Banks, Inc. and Subsidiaries

CONSOLIDATED SEGMENT TOTALS

	Three Months Ended September 30								Nine Months Ended September 30
(Dollars in millions) (Unaudited)	2017			2016			% Change 2		2017			2016			% Change 2
Statements of Income:
Net interest income		$1,430			$1,308		9	%		$4,199			$3,877		8	%
FTE adjustment	37			34			9		107			105			2
Net interest income-FTE 1	1,467			1,342			9		4,306			3,982			8
Provision for credit losses	120			97			24		330			343			(4	)
Net interest income-FTE - after provision for credit losses 1	1,347			1,245			8		3,976			3,639			9
Noninterest income before net securities gains	846			889			(5	)	2,519			2,565			(2	)
Net securities gains	—			—			—		1			4			(75	)
Total noninterest income	846			889			(5	)	2,520			2,569			(2	)
Noninterest expense before amortization	1,369			1,395			(2	)	4,194			4,037			4
Amortization	22			14			57		49			35			40
Total noninterest expense	1,391			1,409			(1	)	4,243			4,072			4
Income-FTE - before provision for income taxes 1	802			725			11		2,253			2,136			5
Provision for income taxes	225			215			5		606			611			(1	)
Tax credit adjustment	—			—			—		—			—			—
FTE adjustment	37			34			9		107			105			2
Net income including income attributable to noncontrolling interest	540			476			13		1,540			1,420			8
Less: Net income attributable to noncontrolling interest	2			2			—		7			7			—
Net income		$538			$474		14	%		$1,533			$1,413		8	%
Total revenue		$2,276			$2,197		4	%		$6,719			$6,446		4	%
Total revenue-FTE 1	2,313			2,231			4		6,826			6,551			4
Selected Average Balances:
Total LHFI		$144,706			$142,257		2	%		$144,276			$140,628		3	%
Goodwill	6,338			6,337			—		6,338			6,337			—
Other intangible assets excluding MSRs	81			13			NM		83			15			NM
Total assets	205,738			201,476			2		204,833			197,613			4
Consumer and commercial deposits	159,419			155,313			3		159,145			152,911			4
Performance Ratios:
Efficiency ratio	61.12		%	64.13		%			63.16		%	63.17		%
Impact of FTE adjustment	(0.98		)	(0.99		)			(0.99		)	(1.01		)
Efficiency ratio-FTE 1	60.14			63.14					62.17			62.16
Impact of excluding amortization and associated funding cost of intangible assets	(0.93		)	(0.60		)			(0.73		)	(0.53		)
Tangible efficiency ratio-FTE 1	59.21		%	62.54		%			61.44		%	61.63		%

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

3Q 17 EARNINGS PRESENTATION October 20, 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, hurricane-related losses, tangible efficiency ratio, charge-offs and net charge-off ratio, nonperforming loans, loan loss provision expense, ALLL, preferred stock issuances, and the anticipated impact of potential changes in regulatory capital rules, 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; certain banking laws and certain provisions of our articles of incorporation may have an anti-takeover effect; and the interest rates of our outstanding floating rate indebtedness and assets might be subject to change based on recent regulatory changes. IMPORTANT CAUTIONARY STATEMENT

3 1. The efficiency ratio and tangible efficiency ratios are reported on fully taxable-equivalent (“FTE”) basis. Please refer to slide 22 for GAAP reconciliations 3Q 17 EARNINGS OVERVIEW EPS Trends Key Highlights All changes reflect sequential (2Q 17 to 3Q 17) trends, unless otherwise noted Prior Quarter Variance • EPS increased $0.03, or 3% → 2% revenue growth and disciplined expense management more than offset a higher provision → ALLL build related to anticipated hurricane-related losses → 3Q 17 also included a net expense benefit → Legal accrual reversals largely absorbed by charges associated with efficiency initiatives and improved business performance (see slide 6) Prior Year Variance • EPS increased 16% → Driven by 4% revenue growth, improved efficiency, and increased capital returns, partially offset by hurricane- related provision Profitability • Broad-based revenue growth: up 2% → Net interest income (FTE) up $28 million → Noninterest income up $19 million (driven by capital markets) • Good efficiency progress → Efficiency ratio of 60.1%; tangible efficiency ratio of 59.2%1 Balance Sheet • Net interest margin improved 1 bp • Period-end loans stable; mix improved → Growth in consumer offset by elevated C&I pay downs Credit & Capital • Strong asset quality performance → NCO ratio of 0.21% (up 1 bp) → NPL ratio of 0.48% (down 4 bps) • ALLL ratio increased 3 bps due to anticipated losses from recent hurricanes • Book value per share up 1% $0.91 $0.90 $0.91 $1.03 $1.06 3Q 16 4Q 16 1Q 17 2Q 17 3Q 17

4 NET INTEREST INCOME1 NII growth continues; NIM up 1 bp QoQ and 19 bps YoY Prior Quarter Variance • Net interest margin (FTE) increased 1 bp, driven primarily by higher loan yields, partially offset by increased liability costs • Net interest income (FTE) increased $28 million, or 2%, due to NIM expansion, 1 extra day, and consumer loan growth Prior Year Variance • Net interest margin (FTE) increased 19 bps, driven by: → Higher loan yields as a result of the increases in short-term rates → Improved loan mix (faster growing consumer portfolio) → Lower premium amortization on the securities portfolio • Net interest income (FTE) increased $125 million, or 9%, driven by NIM expansion and earning asset growth 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 $1,308 $1,343 $1,366 $1,403 $1,430 $1,342 $1,377 $1,400 $1,439 $1,467 2.96% 3.00% 3.09% 3.14% 3.15% 3Q 16 4Q 16 1Q 17 2Q 17 3Q 17 Net Interest Income Net Interest Income (FTE) NIM (FTE) ($ in millions)

5 NONINTEREST INCOME Prior Quarter Variance • Noninterest income increased $19 million, or 2% → $24 million increase in capital markets-related income → Record quarter for M&A and equity-related income → Continued strength in debt issuance and hedging-related activity given flatter yield curve → $7 million increase in mortgage-related income due to higher gain-on-sale margins Prior Year Variance • Noninterest income decreased $43 million → Driven by $60 million decline in mortgage- related income given lower refinancing activity → Partially offset by $19 million increase in investment banking income $889 $815 $847 $827 $846 3Q 16 4Q 16 1Q 17 2Q 17 3Q 17 Sequential increase in noninterest income driven by capital markets ($ in millions)

6 NONINTEREST EXPENSE Prior Quarter Variance • Noninterest expense stable sequentially. 3Q 17 included: → $58 million discrete benefits associated with the resolution of several legacy legal matters (operating gains) → $44 million discrete charges associated with ongoing efficiency initiatives (other noninterest expense) → Elevated severance expense → Software writedowns (partially related to transitions to the cloud) → $10 million increase in compensation expense due to strong overall performance Prior Year Variance • Noninterest expense decreased $18 million, as a result of items shown above in addition to ongoing expense discipline → Outside processing and software down $22 million, partially due to heightened focus on third party costs $1,409 $1,397 $1,465 $1,388 $1,391 3Q 16 4Q 16 1Q 17 2Q 17 3Q 17 Expenses down YoY, driven by ongoing efficiency efforts ($ in millions)

7 71.5% 66.9% 65.3% 63.3% 62.6% 62.0% 61.4% <62% <60% 72.0% 67.4% 65.6% 63.7% 63.1% 62.6% 62.2% 2011 2012 2013 2014 2015 2016 2017 YTD 2017 TER Goal 2019 TER Goal 62.5% 63.1% 64.6% 60.6% 59.2% 63.1% 63.7% 65.2% 61.2% 60.1% 3Q 16 4Q 16 1Q 17 2Q 17 3Q 17 Positive operating leverage drives sequential and YoY improvement in tangible efficiency ratio 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. 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 GAAP efficiency ratio EFFICIENCY RATIO & TANGIBLE EFFICIENCY RATIO1 Tangible Efficiency Ratio (TER) Efficiency Ratio 2 2 2 Annual Trend 5-Quarter Trend

8 CREDIT QUALITY Overall asset quality remains very strong; anticipating modest losses from recent hurricanes ($ in millions)  NPLs decline further given improvements in energy & residential portfolios  NCO ratio remains well below historical averages Nonperforming Loans Net Charge-offs $949 $845 $789 $754 $697 0.67% 0.59% 0.55% 0.52% 0.48% 3Q 16 4Q 16 1Q 17 2Q 17 3Q 17 NPLs Total NPL Ratio $126 $136 $112 $70 $78 0.35% 0.38% 0.32% 0.20% 0.21% 3Q 16 4Q 16 1Q 17 2Q 17 3Q 17 NCOs Total NCO Ratio (annualized) Allowance for Loan and Lease Losses $1,743 $1,709 $1,714 $1,731 $1,772 1.23% 1.19% 1.20% 1.20% 1.23% 3Q 16 4Q 16 1Q 17 2Q 17 3Q 17 ALLL ALLL Ratio Provision for Credit Losses $97 $101 $119 $90 $120 3Q 16 4Q 16 1Q 17 2Q 17 3Q 17  Increase provides for hurricane-related losses (anticipated to occur over the next 12-18 months)

9 LOANS Average performing loans stable sequentially and up 2% YoY ($ in billions, average balances) Note: Totals may not foot due to rounding Prior Quarter Variance • Average performing loans stable as strong consumer loan growth (up 4%) was offset by elevated C&I pay downs Prior Year Variance • Average performing loans increased $2.6 billion, or 2% • Strategic investments drove strong growth in consumer lending and further balance sheet optimization → Consumer direct up 19% (primarily driven by LightStream and partnership with GreenSky) → Credit card up 18% → Guaranteed student up 15% $77.1 $77.4 $78.2 $78.4 $77.4 $39.0 $38.8 $38.3 $38.1 $38.3 $25.2 $25.5 $26.3 $27.2 $28.2 $141.3 $141.7 $142.8 $143.7 $144.0 3Q 16 4Q 16 1Q 17 2Q 17 3Q 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 • Period-end balances up 2%, driven by growth in NOW accounts (primarily temporary corporate deposits) Prior Year Variance • Average client deposits up 3%, reflects continued success in deepening client relationships across the Company → Consumer average deposits up 3% → Wholesale average deposits up 1% $54.5 $54.4 $54.9 $54.2 $53.3 $43.6 $44.8 $43.1 $43.6 $43.8 $41.2 $42.9 $44.7 $44.4 $44.6 $9.7 $9.6 $9.7 $10.2 $11.2 $6.3 $6.3 $6.4 $6.6 $6.5 $155.3 $158.0 $158.9 $159.1 $159.4 3Q 16 4Q 16 1Q 17 2Q 17 3Q 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% 11.8% 11.6% 11.8% 11.9% 8.6% 8.2% 8.1% 8.1% 8.1% 3Q 16 4Q 16 1Q 17 2Q 17 3Q 17 Avg. Equity/Avg. Assets Tangible Common Equity/Tangible Assets $46.63 $45.38 $45.62 $46.51 $47.16 $34.33 $32.95 $33.05 $33.83 $34.34 3Q 16 4Q 16 1Q 17 2Q 17 3Q 17 Book Value Per Share Tangible Book Value Per Share $16.8 $16.9 $16.8 $17.0 $17.0 9.8% 9.6% 9.7% 9.7% 9.6% 9.7% 9.4% 9.5% 9.5% 9.5% 0 0 0 0 0 0 0 3Q 16 4Q 16 1Q 17 2Q 17 3Q 17 Basel III CET1 ratio Basel III fully phased-in CET1 ratio

12 CONSUMER SEGMENT HIGHLIGHTS 1. Please refer to page 24 of the earnings press release for a reconciliation of efficiency ratio to tangible efficiency ratio Note: NM = not meaningful Solid business momentum overall, particularly with regard to more stable revenue streams • Net interest income up 3% as a result of NIM expansion and 2% loan growth • Noninterest income up 2%, driven by mortgage- related income • 5% decline in noninterest expense driven by legal accrual reversals (also applies to prior year variance) • Net income increased 4%, driven by strong revenue growth → Increase in provision expense (due to hurricanes) largely offset by legal accrual reversals Prior Quarter Variance • Solid business momentum overall → Average loans up 4% → Average deposits up 3% → Managed assets up 8% • 15% decline in noninterest income as a result of: → Lower mortgage-related income (less refinancing activity) → Lower service charges due to posting order changes implemented in 4Q 16 Prior Year Variance ($ in millions) 3Q 16 2Q 17 3Q 17 %Δ Prior Qtr %Δ Prior Yr Net Interest Income $872 $918 $941 3 % 8 % Noninterest Income 555 465 473 2 % (15)% Total Revenue 1,427 1,383 1,414 2 % (1)% Provision for Credit Losses 29 75 136 NM NM Noninterest Expense 985 946 899 (5)% (9)% Net Income $258 $232 $241 4 % (7)% Key Statistics ($ in billions) Total Loans (average) $70.6 $72.0 $73.4 2 % 4 % Client Deposits (average) $99.7 $103.2 $103.1 (0)% 3 % Managed Assets $53.4 $56.4 $57.8 2 % 8 % Full-Service Branches 1,369 1,281 1,275 (0)% (7)% Efficiency Ratio 69.0% 68.4% 63.6% Tangible Efficiency Ratio¹ 68.0% 67.3% 62.4% Mortgage Data: Servicing Portfolio for Others $123.9 $136.1 $135.4 (1)% 9 % Production Volume $8.5 $6.4 $6.2 (4)% (27)% Application Volume $11.9 $8.3 $7.7 (7)% (35)%

13 ($ in millions) 3Q 16 2Q 17 3Q 17 %Δ Prior Qtr %Δ Prior Yr Net Interest Income (FTE) $539 $592 $607 3 % 13 % Noninterest Income 355 386 406 5 % 14 % Total Revenue (FTE) 894 978 1,013 4 % 13 % Provision/(Benefit) for Credit Losses 68 15 (16) NM NM Noninterest Expense 424 457 459 0 % 8 % Net Income $252 $318 $359 13 % 42 % Key Statistics ($ in billions) Total Loans (average) $71.6 $72.3 $71.3 (1)% (1)% Client Deposits (average) $55.5 $55.8 $56.2 1 % 1 % Efficiency Ratio (FTE)¹ 47.4% 46.8% 45.3% Tangible Efficiency Ratio (FTE)¹ 45.4% 44.8% 42.9% 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) Note: NM = not meaningful. Totals may not foot due to rounding Strong execution, favorable market conditions, and asset quality improvements result in record revenue and net income • Broad-based growth results in record revenue → Noninterest income up 5%, due to $24 million increase in capital markets-related income → Net interest income (FTE) up 3%, due to NIM expansion • Net income increased $41 million driven by 4% revenue growth, continued expense discipline, and reserve release associated with balance sheet trends and overall asset quality improvements Prior Quarter Variance • Net interest income up 13% due to NIM expansion → Decline in average loans driven by elevated pay downs in 2017 • Noninterest income up 14% as a result of: → $19 million increase in investment banking income; broad-based growth across majority of products → Incremental revenue from Pillar/Cohen2 • Good expense management drives positive operating leverage; 260 bp improvement in tangible efficiency ratio → 8% increase in noninterest expenses primarily related to improved business performance, investments in technology, and the acquisition of Pillar/Cohen2 Prior Year Variance

14 EXECUTING AGAINST OUR STRATEGIES: WELL POSITIONED FOR FUTURE SUCCESS • 19 bp YoY and 1 bp QoQ increase in NIM (FTE) • 59.2% 3Q and 61.4% YTD tangible efficiency ratio2; on track to achieve targets → 2017 TER: <62% → 2019 TER: <60% • ROA: 1.04% Improving Efficiency & Returns • Commenced 2017 Capital Plan which includes: → 54% increase in dividends → 38% increase in share repurchases → 3% decline in shares outstanding • 9.5% Basel III CET1 ratio (fully phased-in)3 Strong Capital Position • 4% 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 13% and consumer lending average balances up 12%) • Investing in technology: mobile sign-ons and deposits up 20% • 16% EPS growth achieved despite ~50% decline in mortgage production income; reflects franchise diversity Strong & Diverse Franchise; Investing in Growth Investment Thesis 3Q 17 Accomplishments1 1. Figures refer to the YoY change of 3Q 16 vs. 3Q 17 unless otherwise noted 2. Efficiency ratio (FTE) was 60.1% and 62.2% for 3Q 17 and YTD, respectively. Please refer to slide 22 for GAAP reconciliations 3. Please refer to slide 23 for Basel III CET1 (transitional) to Basel III CET1 (fully phased-In) reconciliation

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 3Q 16 4Q 16 1Q 17 2Q 17 3Q 17 EPS (diluted) $0.91 $0.90 $0.91 $1.03 $1.06 Efficiency Ratio (FTE) 63.1% 63.7% 65.2% 61.2% 60.1% Tangible Efficiency Ratio (FTE)1 62.5% 63.1% 64.6% 60.6% 59.2% Net Interest Margin (FTE) 2.96% 3.00% 3.09% 3.14% 3.15% Return on Average Assets 0.94% 0.91% 0.93% 1.03% 1.04% Return on Average Common Equity 7.9% 7.9% 8.2% 9.1% 9.0% Return on Average Tangible Common Equity2 10.7% 10.8% 11.3% 12.5% 12.5% Average Performing Loans ($ in billions) $141.3 $141.7 $142.8 $143.7 $144.0 Average Client Deposits ($ in billions) $155.3 $158.0 $158.9 $159.1 $159.4 NPL Ratio 0.67% 0.59% 0.55% 0.52% 0.48% NCO Ratio 0.35% 0.38% 0.32% 0.20% 0.21% ALLL Ratio 1.23% 1.19% 1.20% 1.20% 1.23% Basel III Common Equity Tier 1 Ratio (transitional) 9.8% 9.6% 9.7% 9.7% 9.6% Basel III Common Equity Tier 1 Ratio (fully phased-in)3 9.7% 9.4% 9.5% 9.5% 9.5% Book Value Per Share $46.63 $45.38 $45.62 $46.51 $47.16 Tangible Book Value Per Share4 $34.33 $32.95 $33.05 $33.83 $34.34 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) 3Q 16 4Q 16 1Q 17 2Q 17 3Q 17 Servicing Fees1 $93 $93 $100 $100 $99 ($60) ($69) ($50) ($57) ($58) Net MSR Fair Value and Hedge Activity3 $16 $1 $7 $1 $5 Mortgage Servicing Income $49 $25 $58 $44 $46 Memo: Total Loans Serviced for Others (average balance) $124,729 $126,765 $134,444 $136,376 $135,438 Annualized Servicing Fees / Average Loans Serviced for Others (bps) 30 29 30 30 29 Changes in MSR Value from Collection/Realization of Cash Flow (Decay)2

18 Memo: 30-89 Accruing Delinquencies 3Q 16 4Q 16 1Q 17 2Q 17 3Q 17 3Q 17 Loan Balance Commercial & industrial 0.05% 0.05% 0.05% 0.05% 0.08% $67,758 Commercial real estate 0.04% 0.02% 0.03% 0.04% 0.02% $5,238 Commercial construction 0.00% 0.00% 0.00% 0.00% 0.00% $3,964 Total Commercial Loans 0.05% 0.05% 0.04% 0.05% 0.07% $76,960 Residential mortgages – guaranteed - - - - - $497 Residential mortgages – nonguaranteed 0.29% 0.32% 0.26% 0.21% 0.27% $27,041 Home equity products 0.63% 0.68% 0.63% 0.66% 0.85% $10,865 Residential construction 0.29% 0.64% 0.33% 0.30% 0.28% $327 Total Residential Loans¹ 0.40% 0.44% 0.37% 0.34% 0.43% $38,730 Guaranteed student loans - - - - - $6,559 Other direct 0.38% 0.43% 0.39% 0.36% 0.44% $8,597 Indirect 0.99% 1.18% 0.83% 0.83% 1.09% $11,952 Credit cards 0.77% 0.83% 0.74% 0.75% 0.89% $1,466 Total Consumer Loans² 0.74% 0.86% 0.65% 0.64% 0.82% $28,574 Total SunTrust - excl. gov.-guaranteed delinquencies³ 0.25% 0.27% 0.22% 0.22% 0.29% $137,208 Impact of excluding gov.-guaranteed delinquencies 0.39% 0.45% 0.50% 0.44% 0.42% $7,056 Total SunTrust - incl. gov.-guaranteed delinquencies4 0.64% 0.72% 0.72% 0.66% 0.71% $144,264 30-89 DAY DELINQUENCIES BY LOAN CLASS 1. Excludes delinquencies on all federally guaranteed mortgages 2. Excludes delinquencies on federally guaranteed student loans 3. Excludes delinquencies on federally guaranteed mortgages and student loans from the calculation 4. Excludes mortgage loans guaranteed by GNMA that SunTrust has the option, but not the obligation, to repurchase Note: Totals may not foot due to rounding ($ in millions)

19 NONPERFORMING LOANS BY LOAN CLASS Note: Totals may not foot due to rounding Memo: Nonperforming Loans ($ in millions) 3Q 16 4Q 16 1Q 17 2Q 17 3Q 17 3Q 17 Loan Balance Commercial & industrial $501 $390 $328 $304 $292 $67,758 Commercial real estate 10 7 6 5 5 $5,238 Commercial construction 2 17 18 16 1 $3,964 Total Commercial Loans $513 $414 $352 $325 $298 $76,960 Residential mortgages – guaranteed - - - - - $497 Residential mortgages – nonguaranteed 183 177 179 181 161 $27,041 Home equity products 235 235 237 226 214 $10,865 Residential construction 11 12 12 12 11 $327 Total Residential Loans $429 $424 $428 $419 $386 $38,730 Guaranteed student loans - - - - - $6,559 Other direct 5 6 5 5 6 $8,597 Indirect 2 1 4 5 7 $11,952 Credit cards - - - - - $1,466 Total Consumer Loans $7 $7 $9 $10 $13 $28,574 Total SunTrust $949 $845 $789 $754 $697 $144,264 NPLs / Total Loans 0.67% 0.59% 0.55% 0.52% 0.48%

20 NET CHARGE-OFF RATIOS BY LOAN CLASS Note: Totals may not foot due to rounding Memo: Net Charge-off Ratio (annualized) 3Q 16 4Q 16 1Q 17 2Q 17 3Q 17 3Q 17 Loan Balance Commercial & industrial 0.41 % 0.35 % 0.29 % 0.10 % 0.09 % $67,758 Commercial real estate 0.01 % (0.01)% (0.02)% 0.00 % 0.44 % $5,238 Commercial construction (0.01)% 0.88 % (0.02)% 0.10 % (0.01)% $3,964 Total Commercial Loans 0.37 % 0.35 % 0.26 % 0.10 % 0.11 % $76,960 Residential mortgages – guaranteed - - - - - $497 Residential mortgages – nonguaranteed 0.17 % 0.23 % 0.17 % 0.14 % 0.14 % $27,041 Home equity products 0.31 % 0.37 % 0.35 % 0.20 % 0.15 % $10,865 Residential construction 0.11 % (0.50)% (0.34)% 0.84 % 1.63 % $327 Total Residential Loans 0.21 % 0.26 % 0.22 % 0.16 % 0.15 % $38,730 Guaranteed student loans - - - - - $6,559 Other direct 0.51 % 0.61 % 0.61 % 0.70 % 0.70 % $8,597 Indirect 0.62 % 0.81 % 0.78 % 0.45 % 0.59 % $11,952 Credit cards 2.20 % 2.32 % 2.61 % 2.77 % 2.55 % $1,466 Total Consumer Loans 0.52 % 0.64 % 0.64 % 0.54 % 0.59 % $28,574 Total SunTrust 0.35 % 0.38 % 0.32 % 0.20 % 0.21 % $144,264 ($ in millions)

21 NET CHARGE-OFFS BY LOAN CLASS Note: Totals may not foot due to rounding Memo: Net Charge-offs ($ in millions) 3Q 16 4Q 16 1Q 17 2Q 17 3Q 17 3Q 17 Loan Balance Commercial & industrial $71 $60 $50 $18 $16 $67,758 Commercial real estate 0 0 0 - 6 $5,238 Commercial construction 0 9 0 1 0 $3,964 Total Commercial Loans $71 $69 $50 $19 $22 $76,960 Residential mortgages – guaranteed - - - - - $497 Residential mortgages – nonguaranteed 11 15 10 9 9 $27,041 Home equity products 10 11 10 5 5 $10,865 Residential construction 0 0 0 1 1 $327 Total Residential Loans $21 $26 $20 $15 $15 $38,730 Guaranteed student loans - - - - - $6,559 Other direct 9 12 12 14 15 $8,597 Indirect 17 21 21 13 18 $11,952 Credit cards 7 8 9 9 8 $1,466 Total Consumer Loans $34 $41 $42 $36 $41 $28,574 Total SunTrust $126 $136 $112 $70 $78 $144,264

22 3Q 16 4Q 16 1Q 17 2Q 17 3Q 17 2011 2012 2013 2014 2015 2016 2017 YTD Reported (GAAP) Basis Net Interest Income 1,308 1,343 1,366 1,403 1,430 5,065 5,102 4,853 4,840 4,764 5,221 4,199 Noninterest Income 889 815 847 827 846 3,421 5,373 3,214 3,323 3,268 3,383 2,520 Revenue 2,197 2,158 2,213 2,230 2,276 8,486 10,475 8,067 8,163 8,032 8,604 6,719 Noninterest Expense¹ 1,409 1,397 1,465 1,388 1,391 6,194 6,284 5,831 5,543 5,160 5,468 4,243 Efficiency Ratio 64.1% 64.7% 66.2% 62.2% 61.1% 73.0% 60.0% 72.3% 67.9% 64.2% 63.6% 63.2% Reconciliation: Net Interest Income 1,308 1,343 1,366 1,403 1,430 5,065 5,102 4,853 4,840 4,764 5,221 4,199 FTE Adjustment 34 34 34 36 37 114 123 127 142 142 138 107 Net Interest Income-FTE 1,342 1,377 1,400 1,439 1,467 5,179 5,225 4,980 4,982 4,906 5,359 4,306 Noninterest Income 889 815 847 827 846 3,421 5,373 3,214 3,323 3,268 3,383 2,520 Revenue-FTE 2,231 2,192 2,247 2,266 2,313 8,600 10,598 8,194 8,305 8,174 8,742 6,826 Efficiency Ratio-FTE 63.1% 63.7% 65.2% 61.2% 60.1% 72.0% 59.3% 71.2% 66.7% 63.1% 62.6% 62.2% 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 889 815 847 827 846 3,421 3,898 3,277 3,218 3,268 3,383 2,520 Adjusted Revenue-FTE² 2,231 2,192 2,247 2,266 2,313 8,600 9,123 8,257 8,200 8,174 8,742 6,826 Noninterest Expense¹ 1,409 1,397 1,465 1,388 1,391 6,194 6,284 5,831 5,543 5,160 5,468 4,243 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 1,409 1,397 1,465 1,388 1,391 6,194 6,150 5,412 5,219 5,160 5,468 4,243 Amortization Expense 14 14 13 15 22 43 46 23 25 40 49 49 Adjusted Tangible Expenses² 1,395 1,383 1,452 1,373 1,369 6,151 6,104 5,389 5,194 5,120 5,419 4,194 Adjusted Efficiency Ratio-FTE³ 63.1% 63.7% 65.2% 61.2% 60.1% 72.0% 67.4% 65.6% 63.7% 63.1% 62.6% 62.2% Adjusted Tangible Efficiency Ratio-FTE³ 62.5% 63.1% 64.6% 60.6% 59.2% 71.5% 66.9% 65.3% 63.3% 62.6% 62.0% 61.4% 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 (0.60%), (0.65%), (0.59%), (0.65%), (0.95%), (0.50%), (0.50%), (0.28%), (0.30%), (0.49%), (0.56%), and (0.72%) for 3Q 16, 4Q 16, 1Q 17, 2Q 17, 3Q 17, 2011, 2012, 2013, 2014, 2015, 2016, and 2017 YTD, respectively Note: 2012, 2013, and 2014 values represent the adjusted efficiency ratio and adjusted tangible efficiency ratio, 3Q 16, 4Q 16, 1Q 17, 2Q 17, 3Q 17, 2011, 2015, 2016, and 2017 YTD 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, subject to revision, and based on current capital rules 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 3Q 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 $176.9 Adjustments3 2.5 Risk-weighted Assets: Common Equity Tier 1 – Fully phased-in $179.4 Common Equity Tier 1 – Transitional 9.6% Common Equity Tier 1 – Fully phased-in 9.5% ($ in billions)

24 RECONCILIATION: OTHER NON-GAAP MEASURES Note: Totals may not foot due to rounding 3Q 16 4Q 16 1Q 17 2Q 17 3Q 17 Total Shareholders' Equity $24.4 $23.6 $23.5 $24.5 $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) (1.7) (1.7) (1.7) (1.7) MSRs 1.1 1.6 1.7 1.7 1.7 Tangible Equity $18.4 $17.5 $17.4 $18.4 $18.4 Noncontrolling Interest (0.1) (0.1) (0.1) (0.1) (0.1) Preferred Stock (1.2) (1.2) (1.2) (2.0) (2.0) Tangible Common Equity $17.0 $16.2 $16.1 $16.3 $16.3 Total Assets 205.1 204.9 205.6 207.2 208.3 Goodwill (6.3) (6.3) (6.3) (6.3) (6.3) Other Intangible Assets Including MSRs, Net of Deferred Taxes (1.1) (1.7) (1.7) (1.7) (1.7) MSRs 1.1 1.6 1.7 1.7 1.7 Tangible Assets $198.7 $198.5 $199.3 $200.9 $201.9 Average Equity / Average Assets 12.1% 11.8% 11.6% 11.8% 11.9% Total Equity / Total Assets 11.9% 11.5% 11.4% 11.8% 11.8% Tangible Equity / Tangible Assets 9.2% 8.8% 8.7% 9.2% 9.1% Tangible Common Equity / Tangible Assets 8.6% 8.2% 8.1% 8.1% 8.1% Book Value Per Common Share $46.63 $45.38 $45.62 $46.51 $47.16 Tangible Book Value Per Common Share $34.33 $32.95 $33.05 $33.83 $34.34 ($ in billions, except per-share data)