Suntrust Banks 8K SunTrust Reports Second Quarter 2015 Results | SEC 17 Jul 15

Exhibit 99.1

News Release



Contact:
Investors		Media
Ankur Vyas		Hugh Suhr
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For Immediate Release

July 17, 2015

SunTrust Reports Second Quarter 2015 Results

Continued Execution of Core Strategies Leads to Solid Earnings Growth and Improved Returns

ATLANTA -- SunTrust Banks, Inc. (NYSE: STI) today reported net income available to common shareholders of $467 million, or $0.89 per average common diluted share compared to $0.78 per share earned in the prior quarter. The current quarter was favorably impacted by a $0.03 per share discrete income tax benefit.

Earnings per share increased $0.17 over the second quarter of 2014, which was negatively impacted by $0.09 per share, related to the resolution of specific legacy mortgage-related matters, partially offset by the gain on sale of RidgeWorth. Excluding the prior-year matters, earnings per share grew 10% year over year.

For the first half of 2015, earnings per share were $1.67. Excluding the aforementioned matters which negatively impacted the prior year, earnings per share grew 8% over the same period in 2014.

“Our performance this quarter demonstrates solid execution of our key strategies - deepening client relationships, optimizing the balance sheet, and improving efficiency. This was evidenced by higher revenue, continued deposit growth, and improved returns. In addition, our asset quality performance continues to be strong,” said William H. Rogers, Jr., chairman and CEO of SunTrust Banks, Inc. “As we look forward, we are confident in our strategies and remain intensely focused on delivering further value to our clients and shareholders.”

Second Quarter 2015 Financial Highlights

Income Statement


•	Net income available to common shareholders was $467 million, or $0.89 per average common diluted share.


◦	Represents a 14% sequential quarter increase and includes a $0.03 per share favorable impact from a discrete income tax item in the current quarter.


•	Total revenues increased 4% compared to the prior quarter due to higher net interest income and broad-based growth in fee income.


◦	Net interest income grew 2% sequentially due to a 3 basis point increase in the net interest margin and one additional day.


◦	Noninterest income increased 7% sequentially driven by increases in most fee income categories, most notably investment banking income.


•	Noninterest expense increased 4% compared to the prior quarter, primarily driven by $14 million of debt extinguishment costs in the current quarter, as well as discrete recoveries recognized in the prior quarter. Certain incentive costs also increased sequentially due to improved business performance.


•	The efficiency and tangible efficiency ratios in the current quarter were 63.9% and 63.6%, respectively.

Balance Sheet


•	Average loan balances declined slightly compared to the prior quarter primarily due to loan sale activity, offset by growth in higher yielding loan products, improving the overall loan mix.


•	Average client deposits increased 2% sequentially and 9% compared to the second quarter of 2014, with all of the growth coming from low-cost deposits, resulting in continued favorable mix shift. The deposit growth also drove a reduction in higher-cost wholesale funding.

Capital


•	Estimated capital ratios continued to be well above regulatory requirements. The Common Equity Tier 1 ratio and Tier 1 capital ratios were estimated to be 9.8% and 10.5%, respectively, as of June 30, 2015, on a fully phased-in basis.


•	During the quarter, the Company increased its quarterly common stock dividend from $0.20 per share to $0.24 per share and repurchased $175 million of its common stock. The Company repurchased $115 million of common stock in the prior quarter.


•	Book value per share was $42.46, and tangible book value per share was $30.65, both up sequentially.

Asset Quality


•	Asset quality continued to improve, as nonperforming loans declined 21% from the prior quarter and totaled 0.36% of total loans at June 30, 2015. The decline was primarily driven by a $110 million transfer of nonperforming mortgage loans to loans held-for-sale.


•	Net charge-offs for the current quarter were $87 million, representing 0.26% of average loans on an annualized basis, declining from $99 million in the prior quarter and $113 million in the second quarter of 2014.


•	The provision for credit losses decreased $29 million and $47 million compared to the prior quarter and the second quarter of 2014, respectively, driven by the continued improvement in asset quality, combined with slower loan growth.


•	At June 30, 2015, the allowance for loan and lease losses to period-end loans ratio was 1.39%, 4 basis points lower than the prior quarter given further improvements in asset quality.




Presented on a fully taxable-equivalent basis
Income Statement (Dollars in millions, except per share data)	2Q 2014			1Q 2015			2Q 2015
Net income available to common shareholders	$387			$411			$467
Earnings per average common diluted share	0.72			0.78			0.89
Adjusted earnings per average common diluted share ⁽¹⁾	0.81			0.78			0.89
Total revenue	2,201			1,992			2,077
Net interest income	1,244			1,175			1,203
Provision for credit losses	73			55			26
Noninterest income	957			817			874
Noninterest expense	1,517			1,280			1,328
Net interest margin	3.11		%	2.83		%	2.86		%

Balance Sheet (Dollars in billions)
Average loans		$130.7			$133.3			$132.8
Average consumer and commercial deposits	130.5			140.5			142.9

Capital
Capital ratios at period end ⁽²⁾:
Tier 1 capital (transitional)	N/A			10.76		%	10.75		%
Common Equity Tier 1 ("CET1") (transitional)	N/A			9.89		%	9.90		%
Common Equity Tier 1 ("CET1") (fully phased-in)	N/A			9.74		%	9.75		%
Total average shareholders’ equity to total average assets	12.23		%	12.24		%	12.34		%

Asset Quality
Net charge-offs to average loans (annualized)	0.35		%	0.30		%	0.26		%
Allowance for loan and lease losses to period-end loans	1.55		%	1.43		%	1.39		%
Nonperforming loans to total loans	0.69		%	0.46		%	0.36		%

(1) See page 23 for non-U.S. GAAP reconciliation

(2) Current period Tier 1 capital and CET1 ratios are estimated as of the date of this news release. Basel III Final Rules became effective for the Company on January 1, 2015; thus, Basel III capital ratios are not applicable ("N/A") in periods ending prior to January 1, 2015.

Consolidated Financial Performance Details

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

Revenue

Total revenue was $2.1 billion for the current quarter, an increase of $85 million compared to the prior quarter. The increase was driven by higher net interest income and broad-based growth in noninterest income, with particularly strong growth in investment banking income. Compared to the second quarter of 2014, total revenue declined $124 million; however, excluding the gain on sale of RidgeWorth in the second quarter of 2014, revenue declined $19 million, driven largely by a decrease in net interest income and foregone RidgeWorth revenue, partially offset by higher investment banking income.

For the six months ended June 30, 2015, total revenue was $4.1 billion, a decline of $161 million compared to the first six months of 2014. The decline was driven by the gain on sale of RidgeWorth and associated foregone revenue and a decline in net interest income, partially offset by increases in most noninterest income categories.

Net Interest Income

Net interest income was $1.2 billion for the current quarter, an increase of $28 million compared to the prior quarter. The increase was primarily due to an additional day in the second quarter, an improvement in core loan yields, and higher commercial loan-related swap income. Compared to the second quarter of 2014, the $41 million decline in net interest income was driven by lower commercial loan-related swap income and lower earning asset yields, partially offset by growth in average earning assets.

Net interest margin for the current quarter was 2.86% compared to 2.83% in the prior quarter and 3.11% in the second quarter of 2014. The 3 basis point increase compared to the prior quarter was largely driven by higher commercial loan-related swap income and higher consumer and mortgage loan yields. The 25 basis point decline in net interest margin compared to the second quarter of 2014 was due primarily to 20 and 52 basis point declines in loan and investment securities yields, respectively. The decline in loan yields was due to a reduction in commercial loan-related swap income, as well as the prolonged low interest rate environment, which impacted both loan and investment security yields.

For the six months ended June 30, 2015, net interest income was $2.4 billion, a $105 million decrease compared to the first six months of 2014. The net interest margin was 2.85% for the first half of 2015, a 30 basis point decline compared to the same period in 2014. The declines in both net interest income and net interest margin were driven by the same factors that impacted the year-over-year comparisons discussed above.

Noninterest Income

Noninterest income was $874 million for the current quarter, compared to $817 million for the prior quarter and $957 million for the second quarter of 2014. The $57 million increase from the prior quarter was due to increased investment banking revenue, increases in other fee income categories, and higher gains on the sale of securities, partially offset by a decline in mortgage-related income. Compared to the second quarter of 2014, noninterest income decreased $83 million, driven primarily by the gain on sale of RidgeWorth in the second quarter of 2014 and the associated foregone revenue, partially offset by higher mortgage-related and investment banking revenue, along with higher gains on the sale of investment securities.

Investment banking income was $145 million for the current quarter, compared to $97 million in the prior quarter and $119 million in the second quarter of 2014. The sequential quarter increase was due to strong client-driven performance across most product areas, particularly in syndicated finance, debt capital markets, equity origination, and M&A advisory. Compared to the second quarter of 2014, the increase was due to higher equity origination fees and debt capital markets activity.

Trading income was $54 million for the current quarter, compared to $55 million for the prior quarter and $47 million in the second quarter of 2014. The sequential quarter decrease was driven by lower core trading revenue, mostly offset by an increase in mark-to-market valuation gains on the Company's debt carried at fair value. Compared to the second quarter of 2014, the increase was driven largely by an increase in mark-to-market valuation gains on the Company's debt carried at fair value, partially offset by lower core trading income.

Mortgage production-related income for the current quarter was $76 million compared to $83 million for the prior quarter and $52 million for the second quarter of 2014. The sequential quarter decrease was due to a decline in interest rate lock volume and gain-on-sale margins. The increase compared to the second quarter of 2014 was driven by higher mortgage production volume and a decline in the provision for repurchases, partially offset by a decline in gain-on-sale margins. Gain-on-sale margins in the current quarter were adversely impacted by higher mortgage interest rates and an increase in loan production from the correspondent channel. Mortgage production volume increased 27% compared to the prior quarter and 59% compared to the second quarter of 2014. Applications declined 10% sequentially, entirely driven by lower refinance activity given the increase in interest rates in the second quarter, partially offset by strong growth in purchase applications.

Mortgage servicing income was $30 million for the current quarter, compared to $43 million in the prior quarter and $45 million in the second quarter of 2014. The decline compared to the prior quarter was driven by higher servicing asset decay, resulting from increased prepayments, and lower net hedge gains. Compared to the second quarter of 2014, the decline was due to higher decay in the current quarter, partially offset by higher servicing fees as a result of a larger servicing portfolio. The servicing portfolio was $145 billion at June 30, 2015, compared to $134 billion at June 30, 2014.

Trust and investment management income was $84 million in both the current and prior quarter and $116 million in the second quarter of 2014. The $32 million decline compared to the prior year was due entirely to foregone revenue resulting from the sale of RidgeWorth in the second quarter of 2014.

Other noninterest income was $52 million for the current quarter, compared to $63 million in the prior quarter and $170 million in the second quarter of 2014. The sequential quarter decrease was primarily due to an $18 million gain from the sale of legacy affordable housing investments in the prior quarter, partially offset by higher leasing-related income in the current quarter. Compared to the prior year, the decline was driven by the $105 million pre-tax gain on the sale of RidgeWorth and gains on the sale of government-guaranteed mortgage loans in the second quarter of 2014.

For the six months ended June 30, 2015, noninterest income was $1.7 billion, a decrease of $56 million compared to the first six months of 2014. The decline was due to the gain on the sale of RidgeWorth and associated foregone revenue, partially offset by higher investment banking and mortgage production income, as well as growth in other fee categories.

Noninterest Expense

Noninterest expense for the current quarter was $1.3 billion, compared to $1.3 billion in the prior quarter and $1.5 billion in the second quarter of 2014. The $48 million increase relative to the prior quarter was primarily due to $14 million of debt extinguishment costs incurred in the current quarter and discrete recoveries recognized in the prior quarter. Additionally, a decline in seasonally higher employee compensation in the prior quarter was partially offset by higher incentive compensation in the current quarter related to improved business performance. Compared to the prior year, the decline in noninterest expense was due to $179 million of specific legacy mortgage-related operating losses recognized in the second quarter of 2014.

Employee compensation and benefits expense was $756 million in the current quarter, compared to $771 million in the prior quarter and $763 million in the second quarter of 2014. The sequential decrease of $15 million was due to the seasonal decline in employee benefits and FICA taxes, partially offset by higher salaries and incentive compensation driven by improved business performance. The $7 million decrease from the second quarter of 2014 was largely a result of the sale of RidgeWorth, partially offset by higher incentive compensation.

Operating losses were $16 million in the current quarter, compared to $14 million in the prior quarter, and $218 million in the second quarter of 2014, which included $179 million of net charges related to specific legacy mortgage-related matters.

Outside processing and software expense was $204 million in the current quarter, compared to $189 million in the prior quarter and $181 million in the second quarter of 2014. The $15 million sequential increase was primarily due to higher business activity levels, as well as timing associated with rendering certain services. The $23 million increase compared to second quarter of 2014 was due to similar factors that drove the sequential increase, in addition to higher technology and regulatory costs.

Marketing and customer development expense was $34 million in the current quarter, compared to $27 million in the prior quarter and $30 million in the second quarter of 2014. Compared to the prior quarter, the $7 million increase was driven largely by an increase in advertising expenses as a result of seasonally lower activity in the prior quarter.

FDIC premium and regulatory expense was $35 million in the current quarter, compared to $37 million in the prior quarter, and $40 million in the second quarter of 2014. The decline in the current quarter compared to both periods was driven by lower FDIC insurance premiums arising from improvements in the Company's risk profile.

Other noninterest expense was $149 million in the current quarter, compared to $111 million in the prior quarter and $156 million in the second quarter of 2014. The $38 million sequential increase was driven primarily by the recognition of $14 million of debt extinguishment costs related to wholesale funding repositioning activity in the current quarter and $17 million in discrete recoveries recognized in the prior quarter. The $7 million decrease compared to the second quarter of 2014 was driven primarily by broad-based declines in other expense categories, partially offset by the debt extinguishment costs recognized in the current quarter.

For the six months ended June 30, 2015, noninterest expense was $2.6 billion compared to $2.9 billion for the first six months of 2014. The $266 million decrease was driven by the aforementioned decline in operating losses related to legacy mortgage-related matters and affordable housing impairment charges recognized in 2014, the decline in RidgeWorth-related expenses, and the continued focus on expense management.

Income Taxes

For the current quarter, the Company recorded an income tax provision of $202 million, compared to $191 million for the prior quarter and $173 million for the second quarter of 2014. The effective tax rate for the current quarter was approximately 29%, compared to approximately 31% in the prior quarter, and approximately 30% in the second quarter of 2014. The effective tax rate in the current quarter was favorably impacted by $15 million in net discrete income tax items.

Balance Sheet

At June 30, 2015, the Company had total assets of $188.9 billion and shareholders’ equity of $23.2 billion, representing 12% of total assets. Book value per share was $42.46, and tangible book value per share was $30.65, both up compared to December 31, 2014, driven by growth in retained earnings.

Loans

Average performing loans were $132.2 billion for the current quarter, a slight decrease from the prior quarter, and up 2% over the second quarter of 2014. In May, the Company transferred approximately $1.0 billion of indirect automobile loans to held for sale that were ultimately sold to third parties through a loan securitization in June. The securitization transaction had an immaterial upfront financial impact and was also the primary driver of a $424 million decline in average consumer indirect loans compared to the prior quarter. Additionally, sequential quarter declines in average guaranteed student loans and average CRE loans of $410 million and $329 million, respectively, reflected the impact of loan sales and continued pay down activity during the quarter. Average consumer direct loans and average nonguaranteed residential mortgages increased $393 million and $375 million, respectively. Compared to the second quarter of 2014, average performing loans increased $2.4 billion, or 2%, with growth concentrated in C&I and consumer direct loans. This loan growth was partially offset by declines in guaranteed residential mortgage, guaranteed student, and consumer indirect loans driven by the Company's balance sheet management activities over the previous several quarters.

Deposits

Average client deposits for the current quarter were $142.9 billion, compared to $140.5 billion in the prior quarter and $130.5 billion in the second quarter of 2014. Sequentially, average client deposits increased 2% due to a $1.2 billion, or 4%, increase in NOW account balances, a $1.0 billion, or 2%, increase in demand deposits, and a $0.3 billion, or 1%, increase in money market account balances. Partially offsetting this growth in lower-cost deposits was a $0.4 billion, or 3%, decline in time deposits. Compared to the second quarter of 2014, average client deposits increased 9%, driven by increases in lower-cost deposits, partially offset by a $1.7 billion, or 14%, decrease in time deposits.

Capital and Liquidity

The Company’s estimated capital ratios were well above current regulatory requirements with Common Equity Tier 1 and Tier 1 capital ratios at an estimated 9.8% and 10.5%, respectively, at June 30, 2015, on a fully phased-in basis. The ratios of average total equity to average total assets and tangible equity to tangible assets were 12.34% and 9.37%, respectively, at June 30, 2015. The Company continues to have substantial available liquidity in the form of its client deposit base, cash, high-quality government-backed securities, and other available funding sources.

During the second quarter, the Company declared a common stock dividend of $0.24 per common share, an increase of $0.04 per share from the prior quarter and the second quarter of 2014. Additionally, during the current quarter, the Company repurchased $175 million of its outstanding common stock. Per its 2015 capital plan, the Company currently expects to repurchase approximately $700 million of additional common stock over the next four quarters.

Asset Quality

Total nonperforming assets were $657 million at June 30, 2015, down 6% compared to the prior quarter and 37% compared to the second quarter of 2014. During the second quarter, the Company transferred $110 million of nonperforming mortgage loans to held for sale. At June 30, 2015, the percentage of nonperforming loans to total loans was 0.36% compared to 0.46% at March 31, 2015. Other real estate owned totaled $72 million, a 9% decrease from the prior quarter and a 47% decrease from the second quarter of 2014.

The provision for credit losses was $26 million, a decline of $29 million from the prior quarter and $47 million from the second quarter of 2014, driven by the continued improvement in asset quality, slower loan growth, and lower net charge-offs. Net charge-offs were $87 million during the current quarter, a decrease of $12 million and $26 million compared to the prior quarter and the second quarter of 2014, respectively. The ratio of annualized net charge-offs to total average loans was 0.26% during the current quarter, compared to 0.30% during the prior quarter and 0.35% during the second quarter of 2014.

At June 30, 2015, the allowance for loan and lease losses was $1.8 billion, which represented 1.39% of total loans, a decline of $59 million, or 4 basis points, from March 31, 2015. The decline was due to the continued improvement in asset quality during the quarter.

Early stage delinquencies declined 6 basis points from the prior quarter to 0.50% at June 30, 2015. Excluding government-guaranteed loans, early stage delinquencies were 0.25%, down 1 basis point from the prior quarter.

Accruing restructured loans totaled $2.6 billion and nonaccruing restructured loans totaled $185 million at June 30, 2015, of which $2.5 billion were residential loans, $128 million were consumer loans, and $89 million were commercial loans.

OTHER INFORMATION

Business Segment Results

The Company has included business segment financial tables as part of this release. The Company’s business segments include: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking. All revenue in the business segment tables is reported on a fully taxable-equivalent basis. For the business segments, results include net interest income, which is computed using matched-maturity funds transfer pricing. Further, provision for credit losses represents net charge-offs by segment combined with an allocation to the segments of the provision attributable to quarterly changes in the allowance for loan and lease losses and unfunded commitment reserve balances. SunTrust also reports results for Corporate Other, which includes the Treasury department as well as the residual expense associated with operational and support expense allocations. The Corporate Other segment also includes differences created between internal management accounting practices and U.S. Generally Accepted Accounting Principles ("U.S. GAAP") and certain matched-maturity funds transfer pricing credits and charges. A detailed discussion of the business segment results will be included in the Company’s forthcoming Form 10-Q.

Corresponding Financial Tables and Information

Investors are encouraged to review the foregoing summary and discussion of SunTrust’s earnings and financial condition in conjunction with the detailed financial tables and information which SunTrust has also published today and SunTrust’s forthcoming Form 10-Q. Detailed financial tables and other information are also available at investors.suntrust.com. This information is also included in a current report on Form 8-K furnished with the SEC today.

Conference Call

SunTrust management will host a conference call on July 17, 2015, 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 1-888-972-7805 (Passcode: 2Q15). Individuals calling from outside the United States should dial 1-517-308-9091 (Passcode: 2Q15). A replay of the call will be available approximately one hour after the call ends on July 17, 2015, and will remain available until August 17, 2015, by dialing 1-866-513-4385 (domestic) or 1-203-369-1984 (international). Alternatively, individuals may listen to the live webcast of the presentation by visiting the SunTrust investor relations website at investors.suntrust.com. Beginning the afternoon of July 17, 2015, 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.

SunTrust Banks, Inc., headquartered in Atlanta, is one of the nation’s largest banking organizations, serving a broad range of consumer, commercial, corporate and institutional clients. The Company operates an extensive branch and ATM network throughout the Southeast and Mid-Atlantic States and a full array of technology-based, 24-hour delivery channels. The Company also serves clients in selected markets nationally. Its primary businesses include deposit, credit, and trust and investment management services. Through various subsidiaries, the Company provides mortgage banking, insurance, brokerage, equipment leasing, and capital markets services. SunTrust’s Internet address is www.suntrust.com.

Important Cautionary Statement About Forward-Looking Statements

This news release includes non-GAAP financial measures to describe SunTrust’s performance. The reconciliations of those measures to GAAP measures are provided within or in the appendix to this news release. In this news release, the Company presents net interest income and net interest margin on a fully taxable-equivalent (“FTE”) basis, and ratios on an annualized basis. The FTE basis adjusts for the tax-favored status of income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and provides relevant comparison between taxable and non-taxable amounts.

This news release contains forward-looking statements. Statements regarding potential future share repurchases, and future expected dividends are forward-looking statements. Also, any statement that does not describe historical or current facts is a forward-looking statement. These statements often include the words “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “forecast,” “goals,” “targets,” “initiatives,” “focus,” “potentially,” “probably,” “projects,” “outlook” or similar expressions or future conditional verbs such as “may,” “will,” “should,” “would,” and “could.” Forward-looking statements are based upon the current beliefs and expectations of management and on information currently available to management. Our statements speak as of the date hereof, and we do not assume any obligation to update these statements or to update the reasons why actual results could differ from those contained in such statements in light of new information or future events.

Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward looking statements. Future dividends, and the amount of any such dividend, must be declared by our board of directors in the future in their discretion. Also, future share repurchases and the timing of any such repurchase are subject to market conditions and management's discretion. Additional factors that could cause actual results to differ materially from those described in the forward-looking statements can be found in Part I, “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2014 and in other periodic reports that we file with the SEC.

SunTrust Banks, Inc. and Subsidiaries

FINANCIAL HIGHLIGHTS



	Three Months Ended June 30						%		Six Months Ended June 30						%
(Dollars in millions and shares in thousands, except per share data) (Unaudited)	2015			2014			Change		2015			2014			Change
EARNINGS & DIVIDENDS
Net income		$483			$399		21	%		$912			$804		13	%
Net income available to common shareholders	467			387			21		877			780			12
Adjusted net income available to common shareholders ¹	467			436			7		877			829			6
Total revenue - FTE ^{1, 2}	2,077			2,201			(6	)	4,070			4,231			(4	)
Total revenue - FTE, excluding gain on sale of asset management subsidiary ^{1, 2}	2,077			2,096			(1	)	4,070			4,126			(1	)
Net income per average common share:
Diluted	0.89			0.72			24		1.67			1.45			15
Adjusted diluted ¹	0.89			0.81			10		1.67			1.54			8
Basic	0.90			0.73			23		1.69			1.47			15
Dividends paid per common share	0.24			0.20			20		0.44			0.30			47
CONDENSED BALANCE SHEETS
Selected Average Balances:
Total assets		$188,310			$179,820		5	%		$188,785			$178,404		6	%
Earning assets	168,461			160,373			5		168,321			158,866			6
Loans	132,829			130,734			2		133,082			129,635			3
Intangible assets including MSRs	7,572			7,614			(1	)	7,537			7,640			(1	)
MSRs	1,223			1,220			—		1,188			1,242			(4	)
Consumer and commercial deposits	142,851			130,472			9		141,670			129,440			9
Brokered time and foreign deposits	1,118			1,893			(41	)	1,183			1,953			(39	)
Total shareholders’ equity	23,239			21,994			6		23,206			21,861			6
Preferred stock	1,225			725			69		1,225			725			69
Period End Balances:
Total assets									188,858			182,559			3
Earning assets									168,499			162,422			4
Loans									132,538			129,744			2
Allowance for loan and lease losses ("ALLL")									1,834			2,003			(8	)
Consumer and commercial deposits									143,922			131,792			9
Brokered time and foreign deposits									1,015			1,493			(32	)
Total shareholders’ equity									23,223			22,131			5
FINANCIAL RATIOS & OTHER DATA
Return on average total assets	1.03		%	0.89		%	16	%	0.97		%	0.91		%	7	%
Return on average common shareholders’ equity	8.50			7.29			17		8.05			7.44			8
Return on average tangible common shareholders' equity ¹	11.77			10.29			14		11.16			10.53			6
Net interest margin ²	2.86			3.11			(8	)	2.85			3.15			(10	)
Efficiency ratio ²	63.92			68.93			(7	)	64.07			67.92			(6	)
Tangible efficiency ratio ^{1, 2}	63.59			68.77			(8	)	63.75			67.76			(6	)
Effective tax rate	29			30			(3	)	30			27			11
Basel III capital ratios at period end (transitional) ³:
CET1									9.90		%	N/A
Tier 1 capital									10.75			N/A
Total capital									12.60			N/A
Leverage									9.55			N/A
Basel III fully phased-in CET1 ratio ³									9.75			N/A
Basel I capital ratios at period end ³:
Tier 1 common									N/A			9.72		%
Tier 1 capital									N/A			10.66
Total capital									N/A			12.53
Tier 1 leverage									N/A			9.56
Total average shareholders’ equity to total average assets	12.34			12.23			1		12.29			12.25			—
Tangible equity to tangible assets ¹									9.37			9.07			3

Book value per common share										$42.46			$40.18		6
Tangible book value per common share ¹									30.65			28.64			7
Market capitalization									22,286			21,344			4
Average common shares outstanding:
Diluted	522,479			535,486			(2	)	524,646			536,234			(2	)
Basic	516,968			529,764			(2	)	518,983			530,459			(2	)
Full-time equivalent employees									24,237			25,841			(6	)
Number of ATMs									2,162			2,212			(2	)
Full service banking offices									1,430			1,473			(3	)


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

Total revenue, net interest margin, and efficiency ratios 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 Current period capital ratios are estimated as of the earnings release date. Basel III Final Rules became effective for the Company on January 1, 2015; thus, Basel III capital ratios are not applicable ("N/A") in periods ending prior to January 1, 2015 and Basel I capital ratios are N/A in periods ending subsequent to January 1, 2015.

SunTrust Banks, Inc. and Subsidiaries

FIVE QUARTER FINANCIAL HIGHLIGHTS



	Three Months Ended
	June 30			March 31			December 31			September 30			June 30
(Dollars in millions and shares in thousands, except per share data) (Unaudited)	2015			2015			2014			2014			2014
EARNINGS & DIVIDENDS
Net income		$483			$429			$394			$576			$399
Net income available to common shareholders	467			411			378			563			387
Adjusted net income available to common shareholders ¹	467			411			466			433			436
Total revenue - FTE ^{1, 2}	2,077			1,992			2,043			2,031			2,201
Total revenue - FTE, excluding gain on sale of asset management subsidiary ^{1, 2}	2,077			1,992			2,043			2,031			2,096
Net income per average common share:
Diluted	0.89			0.78			0.72			1.06			0.72
Adjusted diluted ¹	0.89			0.78			0.88			0.81			0.81
Basic	0.90			0.79			0.72			1.07			0.73
Dividends paid per common share	0.24			0.20			0.20			0.20			0.20
CONDENSED BALANCE SHEETS
Selected Average Balances:
Total assets		$188,310			$189,265			$188,341			$183,433			$179,820
Earning assets	168,461			168,179			167,227			163,688			160,373
Loans	132,829			133,338			133,438			130,747			130,734
Intangible assets including MSRs	7,572			7,502			7,623			7,615			7,614
MSRs	1,223			1,152			1,272			1,262			1,220
Consumer and commercial deposits	142,851			140,476			136,892			132,195			130,472
Brokered time and foreign deposits	1,118			1,250			1,399			1,624			1,893
Total shareholders’ equity	23,239			23,172			22,754			22,191			21,994
Preferred stock	1,225			1,225			1,024			725			725
Period End Balances:
Total assets	188,858			189,881			190,328			186,818			182,559
Earning assets	168,499			168,269			168,678			165,434			162,422
Loans	132,538			132,380			133,112			132,151			129,744
ALLL	1,834			1,893			1,937			1,968			2,003
Consumer and commercial deposits	143,922			143,239			139,234			135,077			131,792
Brokered time and foreign deposits	1,015			1,184			1,333			1,430			1,493
Total shareholders’ equity	23,223			23,260			23,005			22,269			22,131
FINANCIAL RATIOS & OTHER DATA
Return on average total assets	1.03		%	0.92		%	0.83		%	1.25		%	0.89		%
Return on average common shareholders’ equity	8.50			7.59			6.91			10.41			7.29
Return on average tangible common shareholders' equity ¹	11.77			10.53			9.62			14.59			10.29
Net interest margin ²	2.86			2.83			2.96			3.03			3.11
Efficiency ratio ²	63.92			64.23			69.00			62.03			68.93
Tangible efficiency ratio ^{1, 2}	63.59			63.91			68.44			61.69			68.77
Effective tax rate	29			31			25			10			30
Basel III capital ratios at period end (transitional) ³:
CET1	9.90		%	9.89		%	N/A			N/A			N/A
Tier 1 capital	10.75			10.76			N/A			N/A			N/A
Total capital	12.60			12.69			N/A			N/A			N/A
Leverage	9.55			9.41			N/A			N/A			N/A
Basel III fully phased-in CET1 ratio ³	9.75			9.74			N/A			N/A			N/A
Basel I capital ratios at period end ³:
Tier 1 common	N/A			N/A			9.60		%	9.63		%	9.72		%
Tier 1 capital	N/A			N/A			10.80			10.54			10.66
Total capital	N/A			N/A			12.51			12.32			12.53
Tier 1 leverage	N/A			N/A			9.64			9.51			9.56
Total average shareholders’ equity to total average assets	12.34			12.24			12.08			12.10			12.23
Tangible equity to tangible assets ¹	9.37			9.34			9.17			8.94			9.07

Book value per common share		$42.46			$42.21			$41.52			$40.85			$40.18
Tangible book value per common share ¹	30.65			30.49			29.82			29.21			28.64
Market capitalization	22,286			21,450			21,978			20,055			21,344
Average common shares outstanding:
Diluted	522,479			526,837			527,959			533,230			535,486
Basic	516,968			521,020			521,775			527,402			529,764
Full-time equivalent employees	24,237			24,466			24,638			25,074			25,841
Number of ATMs	2,162			2,176			2,187			2,192			2,212
Full service banking offices	1,430			1,444			1,445			1,454			1,473


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

SunTrust Banks, Inc. and Subsidiaries

CONSOLIDATED STATEMENTS OF INCOME



	Three Months Ended					(Decrease)/Increase					Six Months Ended					(Decrease)/Increase
(Dollars in millions and shares in thousands, except per share data) (Unaudited)	June 30					(Decrease)/Increase					June 30					(Decrease)/Increase
	2015		2014			Amount			% ²		2015		2014			Amount			% ²
Interest income		$1,297		$1,346			($49	)	(4	)%		$2,569		$2,683			($114	)	(4	)%
Interest expense	130		137			(7		)	(5	)	262		269			(7		)	(3	)
NET INTEREST INCOME	1,167		1,209			(42		)	(3	)	2,307		2,414			(107		)	(4	)
Provision for credit losses	26		73			(47		)	(64	)	82		175			(93		)	(53	)
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	1,141		1,136			5			—		2,225		2,239			(14		)	(1	)
NONINTEREST INCOME
Service charges on deposit accounts	156		160			(4		)	(3	)	308		314			(6		)	(2	)
Other charges and fees	99		91			8			9		188		179			9			5
Card fees	84		82			2			2		164		158			6			4
Investment banking income	145		119			26			22		242		207			35			17
Trading income	54		47			7			15		109		96			13			14
Trust and investment management income	84		116			(32		)	(28	)	168		247			(79		)	(32	)
Retail investment services	80		76			4			5		152		147			5			3
Mortgage production related income	76		52			24			46		159		95			64			67
Mortgage servicing related income	30		45			(15		)	(33	)	73		99			(26		)	(26	)
Net securities gains/(losses)	14		(1		)	15			NM		14		(2		)	16			NM
Other noninterest income	52		170			(118		)	(69	)	115		208			(93		)	(45	)
Total noninterest income	874		957			(83		)	(9	)	1,692		1,748			(56		)	(3	)
NONINTEREST EXPENSE
Employee compensation and benefits	756		763			(7		)	(1	)	1,527		1,563			(36		)	(2	)
Outside processing and software	204		181			23			13		394		351			43			12
Net occupancy expense	85		83			2			2		169		169			—			—
Equipment expense	42		42			—			—		82		86			(4		)	(5	)
FDIC premium/regulatory exams	35		40			(5		)	(13	)	72		80			(8		)	(10	)
Marketing and customer development	34		30			4			13		61		56			5			9
Operating losses	16		218			(202		)	(93	)	30		239			(209		)	(87	)
Amortization	7		4			3			75		13		7			6			86
Other noninterest expense	149		156			(7		)	(4	)	260		323			(63		)	(20	)
Total noninterest expense	1,328		1,517			(189		)	(12	)	2,608		2,874			(266		)	(9	)
INCOME BEFORE PROVISION FOR INCOME TAXES	687		576			111			19		1,309		1,113			196			18
Provision for income taxes	202		173			29			17		393		298			95			32
NET INCOME INCLUDING INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	485		403			82			20		916		815			101			12
Net income attributable to noncontrolling interest	2		4			(2		)	(50	)	4		11			(7		)	(64	)
NET INCOME		$483		$399			$84		21	%		$912		$804			$108		13	%
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS		$467		$387			$80		21	%		$877		$780			$97		12	%
Net interest income - FTE ¹	1,203		1,244			(41		)	(3	)	2,378		2,483			(105		)	(4	)
Net income per average common share:
Diluted	0.89		0.72			0.17			24		1.67		1.45			0.22			15
Basic	0.90		0.73			0.17			23		1.69		1.47			0.22			15
Cash dividends paid per common share	0.24		0.20			0.04			20		0.44		0.30			0.14			47
Average common shares outstanding:
Diluted	522,479		535,486			(13,007		)	(2	)	524,646		536,234			(11,588		)	(2	)
Basic	516,968		529,764			(12,796		)	(2	)	518,983		530,459			(11,476		)	(2	)

¹Net interest income includes the effects of FTE adjustments using a federal tax rate of 35% and state income taxes where applicable to increase tax-exempt interest income to a taxable-equivalent basis. See Appendix A for a reconcilement of this non-U.S. GAAP measure to the related U.S.GAAP measure.

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

SunTrust Banks, Inc. and Subsidiaries

FIVE QUARTER CONSOLIDATED STATEMENTS OF INCOME



	Three Months Ended									Three Months Ended
(Dollars in millions and shares in thousands, except per share data) (Unaudited)	June 30		March 31		Increase/(Decrease)					December 31			September 30			June 30
	2015		2015		Amount			% ²		2014			2014			2014
Interest income		$1,297		$1,272		$25		2	%		$1,349			$1,353			$1,346
Interest expense	130		132		(2		)	(2	)	138			138			137
NET INTEREST INCOME	1,167		1,140		27			2		1,211			1,215			1,209
Provision for credit losses	26		55		(29		)	(53	)	74			93			73
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	1,141		1,085		56			5		1,137			1,122			1,136
NONINTEREST INCOME
Service charges on deposit accounts	156		151		5			3		162			169			160
Other charges and fees	99		89		10			11		94			95			91
Card fees	84		80		4			5		82			81			82
Investment banking income	145		97		48			49		109			88			119
Trading income	54		55		(1		)	(2	)	40			46			47
Trust and investment management income	84		84		—			—		84			93			116
Retail investment services	80		72		8			11		73			76			76
Mortgage production related income	76		83		(7		)	(8	)	61			45			52
Mortgage servicing related income	30		43		(13		)	(30	)	53			44			45
Net securities gains/(losses)	14		—		14			NM		(5		)	(9		)	(1		)
Other noninterest income	52		63		(11		)	(17	)	42			52			170
Total noninterest income	874		817		57			7		795			780			957
NONINTEREST EXPENSE
Employee compensation and benefits	756		771		(15		)	(2	)	670			730			763
Outside processing and software	204		189		15			8		206			184			181
Net occupancy expense	85		84		1			1		86			84			83
Equipment expense	42		40		2			5		42			41			42
FDIC premium/regulatory exams	35		37		(2		)	(5	)	32			29			40
Marketing and customer development	34		27		7			26		43			35			30
Operating losses	16		14		2			14		174			29			218
Amortization	7		7		—			—		11			7			4
Other noninterest expense	149		111		38			34		146			120			156
Total noninterest expense	1,328		1,280		48			4		1,410			1,259			1,517
INCOME BEFORE PROVISION FOR INCOME TAXES	687		622		65			10		522			643			576
Provision for income taxes	202		191		11			6		128			67			173
NET INCOME INCLUDING INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	485		431		54			13		394			576			403
Net income attributable to noncontrolling interest	2		2		—			—		—			—			4
NET INCOME		$483		$429		$54		13	%		$394			$576			$399
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS		$467		$411		$56		14	%		$378			$563			$387
Net interest income - FTE ¹	1,203		1,175		28			2		1,248			1,251			1,244
Net income per average common share:
Diluted	0.89		0.78		0.11			14		0.72			1.06			0.72
Basic	0.90		0.79		0.11			14		0.72			1.07			0.73
Cash dividends paid per common share	0.24		0.20		0.04			20		0.20			0.20			0.20
Average common shares outstanding:
Diluted	522,479		526,837		(4,358		)	(1	)	527,959			533,230			535,486
Basic	516,968		521,020		(4,052		)	(1	)	521,775			527,402			529,764

¹ Net interest income includes the effects of FTE adjustments using a federal tax rate of 35% and state income taxes where applicable to increase tax-exempt interest income to a taxable-equivalent basis. See Appendix A for a reconcilement of this non-U.S. GAAP measure to the related U.S. GAAP measure.

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

SunTrust Banks, Inc. and Subsidiaries

CONSOLIDATED BALANCE SHEETS



	June 30						Increase/(Decrease)
(Dollars in millions and shares in thousands, except per share data) (Unaudited)	2015			2014			Amount			% ²
ASSETS
Cash and due from banks		$5,915			$5,681			$234		4	%
Federal funds sold and securities borrowed or purchased under agreements to resell	1,350			1,156			194			17
Interest-bearing deposits in other banks	23			22			1			5
Trading assets and derivative instruments	6,438			5,141			1,297			25
Securities available for sale	27,113			24,015			3,098			13
Loans held for sale ("LHFS")	2,457			4,046			(1,589		)	(39	)
Loans held for investment:
Commercial and industrial ("C&I")	65,713			61,337			4,376			7
Commercial real estate ("CRE")	6,058			6,105			(47		)	(1	)
Commercial construction	1,530			1,096			434			40
Residential mortgages - guaranteed	625			661			(36		)	(5	)
Residential mortgages - nonguaranteed	24,038			24,173			(135		)	(1	)
Residential home equity products	13,672			14,519			(847		)	(6	)
Residential construction	401			508			(107		)	(21	)
Consumer student - guaranteed	4,401			5,420			(1,019		)	(19	)
Consumer other direct	5,329			3,675			1,654			45
Consumer indirect	9,834			11,501			(1,667		)	(14	)
Consumer credit cards	937			749			188			25
Total loans held for investment	132,538			129,744			2,794			2
Allowance for loan and lease losses ("ALLL")	(1,834		)	(2,003		)	(169		)	(8	)
Net loans held for investment	130,704			127,741			2,963			2
Goodwill	6,337			6,337			—			—
Other intangible assets	1,416			1,277			139			11
Other real estate owned ("OREO")	72			136			(64		)	(47	)
Other assets	7,033			7,007			26			—
Total assets ¹		$188,858			$182,559			$6,299		3	%
LIABILITIES
Deposits:
Noninterest-bearing consumer and commercial deposits		$42,773			$40,891			$1,882		5	%
Interest-bearing consumer and commercial deposits:
NOW accounts	35,125			29,243			5,882			20
Money market accounts	49,586			43,942			5,644			13
Savings	6,263			6,133			130			2
Consumer time	6,398			7,334			(936		)	(13	)
Other time	3,777			4,249			(472		)	(11	)
Total consumer and commercial deposits	143,922			131,792			12,130			9
Brokered time deposits	865			1,483			(618		)	(42	)
Foreign deposits	150			10			140			NM
Total deposits	144,937			133,285			11,652			9
Funds purchased	1,011			1,053			(42		)	(4	)
Securities sold under agreements to repurchase	1,858			2,192			(334		)	(15	)
Other short-term borrowings	3,248			5,870			(2,622		)	(45	)
Long-term debt	10,109			13,155			(3,046		)	(23	)
Trading liabilities and derivative instruments	1,308			1,190			118			10
Other liabilities	3,164			3,683			(519		)	(14	)
Total liabilities	165,635			160,428			5,207			3
SHAREHOLDERS' EQUITY
Preferred stock, no par value	1,225			725			500			69
Common stock, $1.00 par value	550			550			—			—
Additional paid in capital	9,080			9,085			(5		)	—
Retained earnings	13,944			12,560			1,384			11
Treasury stock, at cost, and other	(1,282		)	(730		)	552			76
Accumulated other comprehensive loss	(294		)	(59		)	235			NM
Total shareholders' equity	23,223			22,131			1,092			5
Total liabilities and shareholders' equity		$188,858			$182,559			$6,299		3	%

Common shares outstanding	518,045			532,800			(14,755		)	(3	)%
Common shares authorized	750,000			750,000			—			—
Preferred shares outstanding	12			7			5			71
Preferred shares authorized	50,000			50,000			—			—
Treasury shares of common stock	31,876			17,121			14,755			86

¹ Includes earning assets of $168,499 and $162,422 at June 30, 2015 and 2014, respectively.

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

SunTrust Banks, Inc. and Subsidiaries

FIVE QUARTER CONSOLIDATED BALANCE SHEETS



	June 30			March 31			(Decrease)/Increase					December 31			September 30			June 30
(Dollars in millions and shares in thousands, except per share data) (Unaudited)	2015			2015			Amount			% ²		2014			2014			2014
ASSETS
Cash and due from banks		$5,915			$6,483			($568	)	(9	)%		$7,047			$7,178			$5,681
Federal funds sold and securities borrowed or purchased under agreements to resell	1,350			1,233			117			9		1,160			1,125			1,156
Interest-bearing deposits in other banks	23			22			1			5		22			22			22
Trading assets and derivative instruments	6,438			6,595			(157		)	(2	)	6,202			5,782			5,141
Securities available for sale	27,113			26,761			352			1		26,770			26,162			24,015
LHFS	2,457			3,404			(947		)	(28	)	3,232			1,739			4,046
Loans held for investment:
C&I	65,713			65,574			139			—		65,440			63,140			61,337
CRE	6,058			6,389			(331		)	(5	)	6,741			6,704			6,105
Commercial construction	1,530			1,484			46			3		1,211			1,250			1,096
Residential mortgages - guaranteed	625			655			(30		)	(5	)	632			651			661
Residential mortgages - nonguaranteed	24,038			23,419			619			3		23,443			23,718			24,173
Residential home equity products	13,672			13,954			(282		)	(2	)	14,264			14,389			14,519
Residential construction	401			417			(16		)	(4	)	436			464			508
Consumer student - guaranteed	4,401			4,337			64			1		4,827			5,314			5,420
Consumer other direct	5,329			4,937			392			8		4,573			4,110			3,675
Consumer indirect	9,834			10,336			(502		)	(5	)	10,644			11,594			11,501
Consumer credit cards	937			878			59			7		901			817			749
Total loans held for investment	132,538			132,380			158			—		133,112			132,151			129,744
ALLL	(1,834		)	(1,893		)	(59		)	(3	)	(1,937		)	(1,968		)	(2,003		)
Net loans held for investment	130,704			130,487			217			—		131,175			130,183			127,741
Goodwill	6,337			6,337			—			—		6,337			6,337			6,337
Other intangible assets	1,416			1,193			223			19		1,219			1,320			1,277
OREO	72			79			(7		)	(9	)	99			112			136
Other assets	7,033			7,287			(254		)	(3	)	7,065			6,858			7,007
Total assets ¹		$188,858			$189,881			($1,023	)	(1	)%		$190,328			$186,818			$182,559
LIABILITIES
Deposits:
Noninterest-bearing consumer and commercial deposits		$42,773			$42,376			$397		1	%		$41,096			$42,542			$40,891
Interest-bearing consumer and commercial deposits:
NOW accounts	35,125			34,574			551			2		33,326			28,414			29,243
Money market accounts	49,586			49,430			156			—		48,013			46,892			43,942
Savings	6,263			6,304			(41		)	(1	)	5,925			6,046			6,133
Consumer time	6,398			6,670			(272		)	(4	)	6,881			7,068			7,334
Other time	3,777			3,885			(108		)	(3	)	3,993			4,115			4,249
Total consumer and commercial deposits	143,922			143,239			683			—		139,234			135,077			131,792
Brokered time deposits	865			884			(19		)	(2	)	958			1,180			1,483
Foreign deposits	150			300			(150		)	(50	)	375			250			10
Total deposits	144,937			144,423			514			—		140,567			136,507			133,285
Funds purchased	1,011			1,299			(288		)	(22	)	1,276			1,000			1,053
Securities sold under agreements to repurchase	1,858			1,845			13			1		2,276			2,089			2,192
Other short-term borrowings	3,248			1,438			1,810			NM		5,634			7,283			5,870
Long-term debt	10,109			13,012			(2,903		)	(22	)	13,022			12,942			13,155
Trading liabilities and derivative instruments	1,308			1,459			(151		)	(10	)	1,227			1,231			1,190
Other liabilities	3,164			3,145			19			1		3,321			3,497			3,683
Total liabilities	165,635			166,621			(986		)	(1	)	167,323			164,549			160,428
SHAREHOLDERS’ EQUITY
Preferred stock, no par value	1,225			1,225			—			—		1,225			725			725
Common stock, $1.00 par value	550			550			—			—		550			550			550
Additional paid in capital	9,080			9,074			6			—		9,089			9,090			9,085
Retained earnings	13,944			13,600			344			3		13,295			13,020			12,560
Treasury stock, at cost, and other	(1,282		)	(1,124		)	158			14		(1,032		)	(939		)	(730		)
Accumulated other comprehensive loss	(294		)	(65		)	229			NM		(122		)	(177		)	(59		)
Total shareholders’ equity	23,223			23,260			(37		)	—		23,005			22,269			22,131
Total liabilities and shareholders’ equity		$188,858			$189,881			($1,023	)	(1	)%		$190,328			$186,818			$182,559

Common shares outstanding	518,045			522,031			(3,986		)	(1	)%	524,540			527,358			532,800
Common shares authorized	750,000			750,000			—			—		750,000			750,000			750,000
Preferred shares outstanding	12			12			—			—		12			7			7
Preferred shares authorized	50,000			50,000			—			—		50,000			50,000			50,000
Treasury shares of common stock	31,876			27,890			3,986			14		25,381			22,563			17,121

¹Includes earning assets of $168,499, $168,269, $168,678, $165,434, and $162,422 at June 30, 2015, March 31, 2015, December 31, 2014, September 30, 2014, and June 30, 2014, respectively.

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



SunTrust Banks, Inc. and Subsidiaries CONSOLIDATED DAILY AVERAGE BALANCES, INCOME/EXPENSE, AND AVERAGE YIELDS EARNED/RATES PAID
	Three Months Ended														Increase/(Decrease) From
	June 30, 2015							March 31, 2015							Sequential Quarter					Prior Year Quarter
(Dollars in millions) (Unaudited)	Average Balances			Interest Income/ Expense		Yields/ Rates		Average Balances			Interest Income/ Expense		Yields/ Rates		Average Balances			Yields/ Rates		Average Balances			Yields/ Rates
ASSETS
Loans held for investment: ¹
Commercial and industrial ("C&I") - FTE ²		$65,743			$525	3.20	%		$65,725			$511	3.15	%		$18		0.05			$5,602		(0.43	)
Commercial real estate ("CRE")	6,146			43		2.81		6,475			44		2.77		(329		)	0.04		94			(0.11	)
Commercial construction	1,519			12		3.18		1,342			10		3.17		177			0.01		513			(0.23	)
Residential mortgages - guaranteed	631			6		3.85		638			6		3.58		(7		)	0.27		(2,363		)	0.23
Residential mortgages - nonguaranteed	23,479			226		3.86		23,104			222		3.84		375			0.02		(370		)	(0.12	)
Residential home equity products	13,657			125		3.68		13,953			125		3.63		(296		)	0.05		(737		)	0.10
Residential construction	382			5		4.83		398			5		5.21		(16		)	(0.38	)	(92		)	0.49
Consumer student - guaranteed	4,345			41		3.74		4,755			43		3.70		(410		)	0.04		(1,118		)	0.10
Consumer other direct	5,140			55		4.27		4,747			50		4.24		393			0.03		1,798			0.04
Consumer indirect	10,284			82		3.20		10,708			83		3.13		(424		)	0.07		(1,104		)	0.01
Consumer credit cards	904			22		9.85		880			22		9.84		24			0.01		172			0.22
Nonaccrual	599			8		5.33		613			4		2.90		(14		)	2.43		(300		)	2.52
Total loans held for investment - FTE ²	132,829			1,150		3.47		133,338			1,125		3.42		(509		)	0.05		2,095			(0.20	)
Securities available for sale:
Taxable	26,175			135		2.06		25,676			139		2.17		499			(0.11	)	3,376			(0.52	)
Tax-exempt - FTE²	180			2		5.18		192			2		5.19		(12		)	(0.01	)	(83		)	(0.08	)
Total securities available for sale - FTE ²	26,355			137		2.09		25,868			141		2.18		487			(0.09	)	3,293			(0.52	)
Federal funds sold and securities borrowed or purchased under agreements to resell	1,220			—		—		1,141			—		—		79			—		173			—
Loans held for sale ("LHFS") - FTE ²	2,757			24		3.49		2,630			22		3.33		127			0.16		1,079			(0.54	)
Interest-bearing deposits	23			—		0.13		23			—		0.12		—			0.01		(2		)	(0.03	)
Interest earning trading assets	5,277			22		1.67		5,179			19		1.49		98			0.18		1,450			(0.31	)
Total earning assets - FTE ²	168,461			1,333		3.17		168,179			1,307		3.15		282			0.02		8,088			(0.28	)
Allowance for loan and lease losses ("ALLL")	(1,864		)					(1,910		)					46					159
Cash and due from banks	5,209							6,567							(1,358		)			(203		)
Other assets	14,649							14,417							232					(26		)
Noninterest earning trading assets and derivative instruments	1,265							1,402							(137		)			110
Unrealized gains on securities available for sale, net	590							610							(20		)			362
Total assets		$188,310							$189,265							($955	)				$8,490
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing deposits:
NOW accounts		$34,356			$8	0.09	%		$33,159			$7	0.09	%		$1,197		—			$5,158		0.01
Money market accounts	49,527			21		0.17		49,193			21		0.18		334			(0.01	)	6,564			0.03
Savings	6,281			—		0.03		6,082			1		0.04		199			(0.01	)	99			(0.01	)
Consumer time	6,545			13		0.77		6,793			13		0.77		(248		)	—		(1,156		)	(0.12	)
Other time	3,839			10		1.03		3,957			10		1.00		(118		)	0.03		(559		)	(0.04	)
Total interest-bearing consumer and commercial deposits	100,548			52		0.21		99,184			52		0.21		1,364			—		10,106			(0.01	)
Brokered time deposits	875			3		1.39		916			4		1.50		(41		)	(0.11	)	(1,015		)	(0.80	)
Foreign deposits	243			—		0.12		334			—		0.13		(91		)	(0.01	)	240			0.12
Total interest-bearing deposits	101,666			55		0.22		100,434			56		0.22		1,232			—		9,331			(0.05	)
Funds purchased	710			—		0.10		1,040			—		0.10		(330		)	—		(115		)	0.01
Securities sold under agreements to repurchase	1,827			1		0.20		1,922			1		0.19		(95		)	0.01		(321		)	0.08
Interest-bearing trading liabilities	925			6		2.44		882			5		2.37		43			0.07		142			(0.39	)
Other short-term borrowings	1,582			1		0.14		3,698			2		0.19		(2,116		)	(0.05	)	(4,214		)	(0.09	)
Long-term debt	12,410			67		2.18		13,018			68		2.13		(608		)	0.05		396			(0.03	)
Total interest-bearing liabilities	119,120			130		0.44		120,994			132		0.44		(1,874		)	—		5,219			(0.04	)
Noninterest-bearing deposits	42,303							41,292							1,011					2,273
Other liabilities	3,235							3,279							(44		)			(364		)
Noninterest-bearing trading liabilities and derivative instruments	413							528							(115		)			117
Shareholders’ equity	23,239							23,172							67					1,245
Total liabilities and shareholders’ equity		$188,310							$189,265							($955	)				$8,490
Interest Rate Spread						2.73	%						2.71	%				0.02					(0.24	)
Net Interest Income - FTE²					$1,203							$1,175
Net Interest Margin ³						2.86	%						2.83	%				0.03					(0.25	)

¹Interest income includes loan fees of $48 million and $44 million for the three months ended June 30, 2015 and March 31, 2015, respectively.

²Interest income and yields include the effects of fully taxable-equivalent ("FTE") adjustments for the tax-favored status of net interest income from certain loans and investments using a federal income tax rate of 35% and, where applicable, state income taxes 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.

³The net interest margin is calculated by dividing annualized net interest income - FTE by average total earning assets.



SunTrust Banks, Inc. and Subsidiaries CONSOLIDATED DAILY AVERAGE BALANCES, INCOME/EXPENSE, AND AVERAGE YIELDS EARNED/RATES PAID, continued
	Three Months Ended
	December 31, 2014							September 30, 2014							June 30, 2014
(Dollars in millions) (Unaudited)	Average Balances			Interest Income/ Expense		Yields/ Rates		Average Balances			Interest Income/ Expense		Yields/ Rates		Average Balances			Interest Income/ Expense		Yields/ Rates
ASSETS
Loans held for investment: ¹
C&I - FTE²		$64,523			$554	3.41	%		$61,700			$548	3.53	%		$60,141			$545	3.63	%
CRE	6,535			47		2.83		6,386			46		2.86		6,052			44		2.92
Commercial construction	1,245			10		3.23		1,162			9		3.21		1,006			9		3.41
Residential mortgages - guaranteed	624			6		4.08		635			6		3.64		2,994			27		3.62
Residential mortgages - nonguaranteed	23,266			227		3.91		23,722			236		3.99		23,849			237		3.98
Residential home equity products	14,151			126		3.54		14,260			129		3.58		14,394			128		3.58
Residential construction	424			5		4.57		445			6		5.27		474			5		4.34
Consumer student - guaranteed	5,158			47		3.65		5,360			49		3.66		5,463			50		3.64
Consumer other direct	4,345			46		4.20		3,876			41		4.20		3,342			35		4.23
Consumer indirect	11,588			93		3.19		11,556			92		3.15		11,388			91		3.19
Consumer credit cards	850			21		9.66		788			19		9.74		732			18		9.63
Nonaccrual	729			7		3.60		857			5		2.16		899			6		2.81
Total loans held for investment - FTE ²	133,438			1,189		3.54		130,747			1,186		3.60		130,734			1,195		3.67
Securities available for sale:
Taxable	25,659			155		2.41		24,195			151		2.49		22,799			147		2.58
Tax-exempt - FTE ²	219			3		5.26		235			3		5.24		263			3		5.26
Total securities available for sale - FTE ²	25,878			158		2.44		24,430			154		2.52		23,062			150		2.61
Federal funds sold and securities borrowed or purchased under agreements to resell	1,205			—		—		1,036			—		—		1,047			—		—
LHFS - FTE ²	1,826			17		3.70		3,367			30		3.53		1,678			17		4.03
Interest-bearing deposits	22			—		0.04		53			—		0.05		25			—		0.16
Interest earning trading assets	4,858			22		1.78		4,055			19		1.85		3,827			19		1.98
Total earning assets - FTE ²	167,227			1,386		3.29		163,688			1,389		3.37		160,373			1,381		3.45
ALLL	(1,931		)					(1,988		)					(2,023		)
Cash and due from banks	6,661							5,573							5,412
Other assets	14,574							14,613							14,675
Noninterest earning trading assets and derivative instruments	1,357							1,215							1,155
Unrealized gains on securities available for sale, net	453							332							228
Total assets		$188,341							$183,433							$179,820
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing deposits:
NOW accounts		$30,367			$6	0.08	%		$28,224			$5	0.07	%		$29,198			$6	0.08	%
Money market accounts	47,910			20		0.16		45,562			17		0.15		42,963			15		0.14
Savings	5,987			1		0.03		6,098			1		0.03		6,182			1		0.04
Consumer time	6,970			13		0.76		7,186			14		0.75		7,701			17		0.89
Other time	4,067			10		0.99		4,182			10		0.99		4,398			12		1.07
Total interest-bearing consumer and commercial deposits	95,301			50		0.21		91,252			47		0.20		90,442			51		0.22
Brokered time deposits	1,055			5		1.66		1,392			7		1.91		1,890			10		2.19
Foreign deposits	344			—		0.12		232			—		0.11		3			—		—
Total interest-bearing deposits	96,700			55		0.22		92,876			54		0.23		92,335			61		0.27
Funds purchased	973			—		0.11		937			—		0.10		825			—		0.09
Securities sold under agreements to repurchase	2,279			1		0.19		2,177			1		0.13		2,148			1		0.12
Interest-bearing trading liabilities	961			6		2.38		778			5		2.72		783			6		2.83
Other short-term borrowings	6,581			3		0.20		6,559			4		0.23		5,796			3		0.23
Long-term debt	12,967			73		2.23		13,064			74		2.24		12,014			66		2.21
Total interest-bearing liabilities	120,461			138		0.45		116,391			138		0.47		113,901			137		0.48
Noninterest-bearing deposits	41,591							40,943							40,030
Other liabilities	3,143							3,620							3,599
Noninterest-bearing trading liabilities and derivative instruments	392							288							296
Shareholders’ equity	22,754							22,191							21,994
Total liabilities and shareholders’ equity		$188,341							$183,433							$179,820
Interest Rate Spread						2.84	%						2.90	%						2.97	%
Net Interest Income - FTE ²					$1,248							$1,251							$1,244
Net Interest Margin ³						2.96	%						3.03	%						3.11	%


¹	Interest income includes loan fees of $56 million, $48 million, and $48 million for the three months ended December 31, 2014, September 30, 2014, and June 30, 2014, respectively.

Interest income and yields include the effects of fully taxable-equivalent ("FTE") adjustments for the tax-favored status of net interest income from certain loans and investments using a federal income tax rate of 35% and, where applicable, state income taxes 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.


³	The net interest margin is calculated by dividing annualized net interest income - FTE by average total earning assets.



SunTrust Banks, Inc. and Subsidiaries CONSOLIDATED DAILY AVERAGE BALANCES, INCOME/EXPENSE, AND AVERAGE YIELDS EARNED/RATES PAID, continued
	Six Months Ended
	June 30, 2015							June 30, 2014							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
Loans held for investment: ¹
C&I - FTE ²		$65,734			$1,035	3.18	%		$59,219			$1,082	3.69	%			$6,515		(0.51	)
CRE	6,309			87		2.79		5,835			85		2.93			474			(0.14	)
Commercial construction	1,431			23		3.17		950			16		3.36			481			(0.19	)
Residential mortgages - guaranteed	634			12		3.71		3,171			57		3.62			(2,537		)	0.09
Residential mortgages - nonguaranteed	23,293			449		3.85		23,891			480		4.02			(598		)	(0.17	)
Residential home equity products	13,804			250		3.66		14,455			257		3.59			(651		)	0.07
Residential construction	390			10		5.02		480			10		4.37			(90		)	0.65
Consumer student - guaranteed	4,549			84		3.72		5,493			100		3.67			(944		)	0.05
Consumer other direct	4,945			104		4.26		3,151			66		4.24			1,794			0.02
Consumer indirect	10,495			165		3.16		11,344			181		3.22			(849		)	(0.06	)
Consumer credit cards	892			44		9.84		724			35		9.59			168			0.25
Nonaccrual	606			12		4.11		922			11		2.39			(316		)	1.72
Total loans held for investment - FTE ²	133,082			2,275		3.45		129,635			2,380		3.70			3,447			(0.25	)
Securities available for sale:
Taxable	25,927			273		2.11		22,612			297		2.63			3,315			(0.52	)
Tax-exempt - FTE ²	186			5		5.19		263			7		5.26			(77		)	(0.07	)
Total securities available for sale - FTE ²	26,113			278		2.13		22,875			304		2.66			3,238			(0.53	)
Federal funds sold and securities borrowed or purchased under agreements to resell	1,181			—		—		1,013			—		—			168			—
LHFS - FTE ²	2,694			46		3.41		1,565			32		4.04			1,129			(0.63	)
Interest-bearing deposits	23			—		0.12		24			—		0.14			(1		)	(0.02	)
Interest earning trading assets	5,228			41		1.58		3,754			36		1.93			1,474			(0.35	)
Total earning assets - FTE ²	168,321			2,640		3.16		158,866			2,752		3.49			9,455			(0.33	)
ALLL	(1,887		)					(2,030		)						143
Cash and due from banks	5,884							5,424								460
Other assets	14,534							14,754								(220		)
Noninterest earning trading assets and derivative instruments	1,333							1,224								109
Unrealized gains on securities available for sale, net	600							166								434
Total assets		$188,785							$178,404								$10,381
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing deposits:
NOW accounts		$33,761			$15	0.09	%		$28,456			$11	0.07	%			$5,305		0.02
Money market accounts	49,361			43		0.17		42,859			28		0.13			6,502			0.04
Savings	6,182			1		0.03		6,109			1		0.04			73			(0.01	)
Consumer time	6,668			25		0.77		8,008			39		0.99			(1,340		)	(0.22	)
Other time	3,898			20		1.02		4,466			25		1.13			(568		)	(0.11	)
Total interest-bearing consumer and commercial deposits	99,870			104		0.21		89,898			104		0.23			9,972			(0.02	)
Brokered time deposits	895			6		1.45		1,951			22		2.25			(1,056		)	(0.80	)
Foreign deposits	288			—		0.12		2			—		0.19			286			(0.07	)
Total interest-bearing deposits	101,053			110		0.22		91,851			126		0.28			9,202			(0.06	)
Funds purchased	874			1		0.10		907			—		0.09			(33		)	0.01
Securities sold under agreements to repurchase	1,874			2		0.20		2,175			1		0.11			(301		)	0.09
Interest-bearing trading liabilities	904			11		2.41		741			11		2.78			163			(0.37	)
Other short-term borrowings	2,635			2		0.17		5,692			7		0.24			(3,057		)	(0.07	)
Long-term debt	12,712			136		2.15		11,692			124		2.13			1,020			0.02
Total interest-bearing liabilities	120,052			262		0.44		113,058			269		0.48			6,994			(0.04	)
Noninterest-bearing deposits	41,800							39,542								2,258
Other liabilities	3,257							3,566								(309		)
Noninterest-bearing trading liabilities and derivative instruments	470							377								93
Shareholders’ equity	23,206							21,861								1,345
Total liabilities and shareholders’ equity		$188,785							$178,404								$10,381
Interest Rate Spread						2.72	%						3.01	%					(0.29	)
Net Interest Income - FTE ²					$2,378							$2,483
Net Interest Margin ³						2.85	%						3.15	%					(0.30	)


¹	Interest income includes loan fees of $92 million and $93 million for the six months ended June 30, 2015 and 2014, respectively.

³The net interest margin is calculated by dividing annualized net interest income - FTE by average total earning assets.



SunTrust Banks, Inc. and Subsidiaries OTHER FINANCIAL DATA
	Three Months Ended											Six Months Ended
	June 30						(Decrease)/Increase					June 30						(Decrease)/Increase
(Dollars in millions) (Unaudited)	2015			2014			Amount			% ⁴		2015			2014			Amount			% ⁴
CREDIT DATA
Allowance for credit losses - beginning		$1,947			$2,086			($139	)	(7	)%		$1,991			$2,094			($103	)	(5	)%
(Benefit)/provision for unfunded commitments	(2		)	(3		)	1			(33	)	(2		)	(7		)	5			(71	)
Provision/(benefit) for loan losses:
Commercial	33			18			15			83		40			57			(17		)	(30	)
Residential	(16		)	32			(48		)	NM		9			80			(71		)	(89	)
Consumer	11			26			(15		)	(58	)	35			45			(10		)	(22	)
Total provision for loan losses	28			76			(48		)	(63	)	84			182			(98		)	(54	)
Charge-offs:
Commercial	(31		)	(38		)	(7		)	(18	)	(59		)	(71		)	(12		)	(17	)
Residential	(61		)	(90		)	(29		)	(32	)	(129		)	(175		)	(46		)	(26	)
Consumer	(31		)	(30		)	1			3		(66		)	(63		)	3			5
Total charge-offs	(123		)	(158		)	(35		)	(22	)	(254		)	(309		)	(55		)	(18	)
Recoveries:
Commercial	15			12			3			25		26			26			—			—
Residential	10			23			(13		)	(57	)	19			40			(21		)	(53	)
Consumer	11			10			1			10		22			20			2			10
Total recoveries	36			45			(9		)	(20	)	67			86			(19		)	(22	)
Net charge-offs	(87		)	(113		)	(26		)	(23	)	(187		)	(223		)	(36		)	(16	)
Allowance for credit losses - ending		$1,886			$2,046			($160	)	(8	)%		$1,886			$2,046			($160	)	(8	)%
Components:
Allowance for loan and lease losses ("ALLL")													$1,834			$2,003			($169	)	(8	)%
Unfunded commitments reserve												52			43			9			21
Allowance for credit losses													$1,886			$2,046			($160	)	(8	)%
Net charge-offs to average loans held for investment (annualized):
Commercial	0.09		%	0.15		%	(0.06		)	(40	)%	0.09		%	0.14		%	(0.05		)	(36	)%
Residential	0.53			0.64			(0.11		)	(17	)	0.57			0.64			(0.07		)	(11	)
Consumer	0.38			0.38			—			—		0.42			0.42			—			—
Total net charge-offs to total average loans held for investment	0.26			0.35			(0.09		)	(26	)	0.28			0.35			(0.07		)	(20	)
Period Ended
Nonaccrual/nonperforming loans ("NPLs"):
Commercial													$158			$247			($89	)	(36	)%
Residential												318			642			(324		)	(50	)
Consumer												5			10			(5		)	(50	)
Total nonaccrual/nonperforming loans ("NPLs")												481			899			(418		)	(46	)
Other real estate owned (“OREO”)												72			136			(64		)	(47	)
Other repossessed assets												6			6			—			—
Nonperforming loans held for sale ("nonperforming LHFS")												98			—			98			NM
Total nonperforming assets ("NPAs")													$657			$1,041			($384	)	(37	)%
Accruing restructured loans													$2,576			$2,617			($41	)	(2	)%
Nonaccruing restructured loans												185			365			(180		)	(49	)
Accruing loans held for investment past due > 90 days (guaranteed)												871			1,011			(140		)	(14	)
Accruing loans held for investment past due > 90 days (non-guaranteed)												39			34			5			15
Accruing LHFS past due > 90 days												1			1			—			—
NPLs to total loans held for investment												0.36		%	0.69		%	(0.33		)	(48	)%
NPAs to total loans held for investment plus OREO, other repossessed assets, and nonperforming LHFS												0.49			0.80			(0.31		)	(39	)
ALLL to period-end loans held for investment ^{1, 2}												1.39			1.55			(0.16		)	(10	)
ALLL to period-end loans held for investment, excluding government guaranteed loans ^{1, 2, 3}												1.44			1.62			(0.18		)	(11	)
ALLL to NPLs ^{1, 2}												3.82x			2.25x			1.57x			70
ALLL to annualized net charge-offs ¹	5.23x			4.41x			0.82x			19		4.87x			4.45x			0.42x			9

¹This ratio is computed using the allowance for loan and lease losses.

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

³ See Appendix A for reconciliation of non-U.S. GAAP performance measures.

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



SunTrust Banks, Inc. and Subsidiaries FIVE QUARTER OTHER FINANCIAL DATA
	Three Months Ended											Three Months Ended
	June 30			March 31			(Decrease)/Increase					December 31			September 30			June 30
(Dollars in millions) (Unaudited)	2015			2015			Amount			% ⁴		2014			2014			2014
CREDIT DATA
Allowance for credit losses - beginning		$1,947			$1,991			($44	)	(2	)%		$2,011			$2,046			$2,086
(Benefit)/provision for unfunded commitments	(2		)	—			(2		)	NM		11			—			(3		)
Provision/(benefit) for loan losses:
Commercial	33			7			26			NM		29			25			18
Residential	(16		)	25			(41		)	NM		12			34			32
Consumer	11			23			(12		)	(52	)	22			34			26
Total provision for loan losses	28			55			(27		)	(49	)	63			93			76
Charge-offs:
Commercial	(31		)	(28		)	3			11		(31		)	(26		)	(38		)
Residential	(61		)	(68		)	(7		)	(10	)	(65		)	(104		)	(90		)
Consumer	(31		)	(34		)	(3		)	(9	)	(38		)	(34		)	(30		)
Total charge-offs	(123		)	(130		)	(7		)	(5	)	(134		)	(164		)	(158		)
Recoveries:
Commercial	15			11			4			36		17			14			12
Residential	10			9			1			11		13			12			23
Consumer	11			11			—			—		10			10			10
Total recoveries	36			31			5			16		40			36			45
Net charge-offs	(87		)	(99		)	(12		)	(12	)	(94		)	(128		)	(113		)
Allowance for credit losses - ending		$1,886			$1,947			($61	)	(3	)%		$1,991			$2,011			$2,046
Components:
ALLL		$1,834			$1,893			($59	)	(3	)%		$1,937			$1,968			$2,003
Unfunded commitments reserve	52			54			(2		)	(4	)	54			43			43
Allowance for credit losses		$1,886			$1,947			($61	)	(3	)%		$1,991			$2,011			$2,046
Net charge-offs to average loans held for investment (annualized):
Commercial	0.09		%	0.09		%	—			—	%	0.08		%	0.07		%	0.15		%
Residential	0.53			0.62			(0.09		)	(15	)	0.53			0.91			0.64
Consumer	0.38			0.46			(0.08		)	(17	)	0.49			0.45			0.38
Total net charge-offs to total average loans held for investment	0.26			0.30			(0.04		)	(13	)	0.28			0.39			0.35
Period Ended
Nonaccrual/NPLs:
Commercial		$158			$165			($7	)	(4	)%		$173			$219			$247
Residential	318			442			(124		)	(28	)	455			535			642
Consumer	5			5			—			—		6			8			10
Total nonaccrual/NPLs	481			612			(131		)	(21	)	634			762			899
OREO	72			79			(7		)	(9	)	99			112			136
Other repossessed assets	6			5			1			20		9			7			6
Nonperforming LHFS	98			—			98			NM		38			53			—
Total NPAs		$657			$696			($39	)	(6	)%		$780			$934			$1,041
Accruing restructured loans		$2,576			$2,589			($13	)	(1	)%		$2,592			$2,596			$2,617
Nonaccruing restructured loans	185			255			(70		)	(27	)	273			316			365
Accruing loans held for investment past due > 90 days (guaranteed)	871			937			(66		)	(7	)	1,022			1,031			1,011
Accruing loans held for investment past due > 90 days (non-guaranteed)	39			43			(4		)	(9	)	35			35			34
Accruing LHFS past due > 90 days	1			12			(11		)	(92	)	1			—			1
NPLs to total loans held for investment	0.36		%	0.46		%	(0.10		)	(22	)%	0.48		%	0.58		%	0.69		%
NPAs to total loans held for investment plus OREO, other repossessed assets, and nonperforming LHFS	0.49			0.53			(0.04		)	(8	)	0.59			0.71			0.80
ALLL to period-end loans held for investment ^{1, 2}	1.39			1.43			(0.04		)	(3	)	1.46			1.49			1.55
ALLL to period-end loans held for investment, excluding government guaranteed loans ^{1, 2, 3}	1.44			1.49			(0.05		)	(3	)	1.52			1.56			1.62
ALLL to NPLs ^{1, 2}	3.82x			3.10x			0.72x			23		3.07x			2.60x			2.25x
ALLL to annualized net charge-offs ¹	5.23x			4.69x			0.54x			12		5.19x			3.88x			4.41x

¹This ratio is computed using the allowance for loan and lease losses.

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

³ See Appendix A for reconciliation of non-U.S. GAAP performance measures.

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



SunTrust Banks, Inc. and Subsidiaries OTHER FINANCIAL DATA, continued
	Three Months Ended June 30									Six Months Ended June 30
(Dollars in millions and shares in thousands) (Unaudited)	MSRs - Fair Value			Other			Total			MSRs - Fair Value			Other			Total
OTHER INTANGIBLE ASSETS ROLLFORWARD
Balance, beginning of period		$1,251			$31			$1,282			$1,300			$34			$1,334
Amortization	—			(4		)	(4		)	—			(7		)	(7		)
Servicing rights originated	36			—			36			68			—			68
Servicing rights purchased	76			—			76			76			—			76
Fair value changes due to inputs and assumptions ¹	(61		)	—			(61		)	(107		)	—			(107		)
Other changes in fair value ²	(43		)	—			(43		)	(78		)	—			(78		)
Sale of asset management subsidiary	—			(9		)	(9		)	—			(9		)	(9		)
Balance, June 30, 2014		$1,259			$18			$1,277			$1,259			$18			$1,277

Balance, beginning of period		$1,181			$12			$1,193			$1,206			$13			$1,219
Amortization	—			(2		)	(2		)	—			(3		)	(3		)
Servicing rights originated	71			13			84			117			13			130
Servicing rights purchased	53			—			53			109			—			109
Fair value changes due to inputs and assumptions ¹	150			—			150			72			—			72
Other changes in fair value ²	(61		)	—			(61		)	(109		)	—			(109		)
Sale of servicing rights	(1		)	—			(1		)	(2		)	—			(2		)
Balance, June 30, 2015		$1,393			$23			$1,416			$1,393			$23			$1,416

¹Primarily 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.



	Three Months Ended
	June 30		March 31		December 31		September 30		June 30
	2015		2015		2014		2014		2014
COMMON SHARE ROLLFORWARD
Balance, beginning of period	522,031		524,540		527,358		532,800		534,780
Common shares issued for employee benefit plans and restricted stock activity	227		364		106		39		109
Repurchase of common stock	(4,213	)	(2,873	)	(2,924	)	(5,481	)	(2,089	)
Balance, end of period	518,045		522,031		524,540		527,358		532,800



SunTrust Banks, Inc. and Subsidiaries RECONCILEMENT OF NON-U.S. GAAP MEASURES - APPENDIX A TO THE EARNINGS RELEASE
	Three Months Ended															Six Months Ended
	June 30			March 31			December 31			September 30			June 30			June 30
(Dollars in millions) (Unaudited)	2015			2015			2014			2014			2014			2015			2014
NON-U.S. GAAP MEASURES PRESENTED IN THE EARNINGS RELEASE ¹
Net interest income		$1,167			$1,140			$1,211			$1,215			$1,209			$2,307			$2,414
Taxable-equivalent adjustment	36			35			37			36			35			71			69
Net interest income - FTE	1,203			1,175			1,248			1,251			1,244			2,378			2,483
Noninterest income	874			817			795			780			957			1,692			1,748
Total revenue - FTE	2,077			1,992			2,043			2,031			2,201			4,070			4,231
Gain on sale of asset management subsidiary	—			—			—			—			(105		)	—			(105		)
Total revenue - FTE, excluding gain on sale of asset management subsidiary ²		$2,077			$1,992			$2,043			$2,031			$2,096			$4,070			$4,126
Noninterest income		$874			$817			$795			$780			$957			$1,692			$1,748
Gain on sale of asset management subsidiary	—			—			—			—			(105		)	—			(105		)
Noninterest income, excluding gain on sale of asset management subsidiary ²		$874			$817			$795			$780			$852			$1,692			$1,643
Return on average common shareholders’ equity	8.50		%	7.59		%	6.91		%	10.41		%	7.29		%	8.05		%	7.44		%
Effect of removing average intangible assets, excluding MSRs	3.27			2.94			2.71			4.18			3.00			3.11			3.09
Return on average tangible common shareholders' equity ³	11.77		%	10.53		%	9.62		%	14.59		%	10.29		%	11.16		%	10.53		%
Efficiency ratio ⁴	63.92		%	64.23		%	69.00		%	62.03		%	68.93		%	64.07		%	67.92		%
Impact of excluding amortization of intangible assets	(0.33		)	(0.32		)	(0.56		)	(0.34		)	(0.16		)	(0.32		)	(0.16		)
Tangible efficiency ratio ⁵	63.59			63.91			68.44			61.69			68.77			63.75			67.76
Impact of Form 8-K and other legacy mortgage-related items	—			—			(7.10		)	—			(5.08		)	—			(2.61		)
Adjusted tangible efficiency ratio ^{5, 6}	63.59		%	63.91		%	61.34		%	61.69		%	63.69		%	63.75		%	65.15		%

	June 30			March 31			December 31			September 30			June 30
(Dollars in millions, except per share data) (Unaudited)	2015			2015			2014			2014			2014
Total shareholders' equity		$23,223			$23,260			$23,005			$22,269			$22,131
Goodwill, net of deferred taxes of $234 million, $231 million, $214 million, $210 million, and $206 million, respectively	(6,103		)	(6,106		)	(6,123		)	(6,127		)	(6,131		)
Other intangible assets (including other servicing rights), net of deferred taxes of $4 million, $0, $0, $0, and $1 million, respectively, and MSRs	(1,412		)	(1,193		)	(1,219		)	(1,320		)	(1,276		)
MSRs	1,393			1,181			1,206			1,305			1,259
Tangible equity	17,101			17,142			16,869			16,127			15,983
Preferred stock	(1,225		)	(1,225		)	(1,225		)	(725		)	(725		)
Tangible common equity		$15,876			$15,917			$15,644			$15,402			$15,258
Total assets		$188,858			$189,881			$190,328			$186,818			$182,559
Goodwill	(6,337		)	(6,337		)	(6,337		)	(6,337		)	(6,337		)
Other intangible assets (including MSRs and other servicing rights)	(1,416		)	(1,193		)	(1,219		)	(1,320		)	(1,277		)
MSRs	1,393			1,181			1,206			1,305			1,259
Tangible assets		$182,498			$183,532			$183,978			$180,466			$176,204
Tangible equity to tangible assets ⁷	9.37		%	9.34		%	9.17		%	8.94		%	9.07		%
Tangible book value per common share ⁸		$30.65			$30.49			$29.82			$29.21			$28.64
Total loans held for investment		$132,538			$132,380			$133,112			$132,151			$129,744
Government guaranteed loans held for investment	(5,026		)	(4,992		)	(5,459		)	(5,965		)	(6,081		)
Fair value loans held for investment	(263		)	(268		)	(272		)	(284		)	(292		)
Total loans held for investment, excluding government guaranteed and fair value loans		$127,249			$127,120			$127,381			$125,902			$123,371
ALLL to total loans held for investment, excluding government guaranteed and fair value loans ⁹	1.44		%	1.49		%	1.52		%	1.56		%	1.62		%



SunTrust Banks, Inc. and Subsidiaries RECONCILEMENT OF NON-U.S. GAAP MEASURES - APPENDIX A TO THE EARNINGS RELEASE, continued
	Three Months Ended													Six Months Ended
	June 30		March 31		December 31			September 30			June 30			June 30
(Dollars in millions, except per share data) (Unaudited)	2015		2015		2014			2014			2014			2015		2014
NON-U.S. GAAP MEASURES PRESENTED IN THE EARNINGS RELEASE ¹
Net income available to common shareholders		$467		$411		$378			$563			$387			$877		$780
Adjusting items:
Operating losses related to settlement of certain legal matters	—		—		—			—			204			—		204
Gain on sale of asset management subsidiary	—		—		—			—			(105		)	—		(105		)
Other legacy mortgage-related matters	—		—		145			—			(25		)	—		(25		)
Tax benefit related to above items	—		—		(57		)	—			(25		)	—		(25		)
Tax benefit related to completion of tax authority exam	—		—		—			(130		)	—			—		—
Total adjusting items	—		—		88			(130		)	49			—		49
Adjusted net income available to common shareholders ⁶		$467		$411		$466			$433			$436			$877		$829

Net income per average common share, diluted		$0.89		$0.78		$0.72			$1.06			$0.72			$1.67		$1.45
Impact of adjusting items	—		—		0.17			(0.25		)	0.09			—		0.09
Adjusted net income per average common share, diluted ^{6, 10}		$0.89		$0.78		$0.88			$0.81			$0.81			$1.67		$1.54

¹ Certain amounts in this schedule are presented net of applicable income taxes, which are calculated based on each subsidiary’s federal and state tax rates and laws. In general, the federal marginal tax rate is 35%, but the state marginal tax rates range from 1% to 8% in accordance with the subsidiary’s income tax filing requirements with various tax authorities. Additionally, the effective tax rate may differ from the federal and state marginal tax rates in certain cases where a permanent difference exists.

² SunTrust presents total revenue - FTE excluding gain on sale of asset management subsidiary and noninterest income excluding gain on sale of asset management subsidiary. The Company believes revenue and noninterest income excluding the gain on sale of the asset management subsidiary is more indicative of the Company’s performance because it isolates income that is primarily client relationship and client transaction driven and is more indicative of normalized operations.

³ SunTrust presents return on average tangible common shareholders' equity to exclude intangible assets, except for MSRs. The Company believes this measure is useful to investors because, by removing the effect of intangible assets, except for MSRs (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 who present a similar measure. The Company also believes that removing intangible assets, except for MSRs, is a more relevant measure of the return on the Company's common shareholders' equity.

⁴ Computed by dividing noninterest expense by total revenue - FTE. 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.

⁵ SunTrust presents a tangible efficiency ratio, which excludes the amortization of intangible assets. The Company believes this measure is useful to investors because, by removing the effect of these intangible asset costs (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 SunTrust presents adjusted net income available to common shareholders, adjusted net income per average common diluted share, and an adjusted tangible efficiency ratio excluding items previously announced on Form 8-Ks filed with the SEC on January 5, 2015, September 9, 2014, and July 3, 2014, as well as other legacy mortgage-related items. The Company believes this measure is useful to investors because it removes the effect of material items impacting current and prior periods' results, allowing a more useful view of normalized operations. Removing these items also allows investors to compare the Company's results to other companies in the industry that may not have had similar items impacting their results.

⁷ SunTrust presents a tangible equity to tangible assets ratio that excludes the after-tax impact of purchase accounting intangible assets. The Company believes this measure is 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. This measure is used by management to analyze capital adequacy.

⁸ SunTrust presents a tangible book value per common share that excludes the after-tax impact of purchase accounting intangible assets and also excludes preferred stock from tangible equity. The Company believes this measure is useful to investors because, by removing the effect of intangible assets that result from merger and acquisition activity as well as preferred stock (the level of which may vary from company to company), it allows investors to more easily compare the Company’s book value on common stock to other companies in the industry.

⁹SunTrust presents a ratio of ALLL to total loans, excluding government guaranteed and fair value loans. The Company believes that the exclusion of loans that are held at fair value with no related allowance, and loans guaranteed by a government agency that do not have an associated allowance recorded due to nominal risk of principal loss, better depicts the allowance relative to loans the allowance is intended to cover.

¹⁰Amounts may not foot as presented due to rounding.



SunTrust Banks, Inc. and Subsidiaries CONSUMER BANKING AND PRIVATE WEALTH MANAGEMENT
	Three Months Ended June 30								Six Months Ended June 30
(Dollars in millions) (Unaudited)	2015			2014			% Change		2015			2014			% Change
Statements of Income:
Net interest income		$676			$649		4	%		$1,342			$1,291		4	%
FTE adjustment	—			—			—		—			—			—
Net interest income - FTE	676			649			4		1,342			1,291			4
Provision for credit losses ¹	9			42			(79	)	79			95			(17	)
Net interest income - FTE - after provision for credit losses	667			607			10		1,263			1,196			6
Noninterest income before net securities gains/(losses)	390			381			2		752			743			1
Net securities gains/(losses)	—			—			—		—			—			—
Total noninterest income	390			381			2		752			743			1
Noninterest expense before amortization	724			724			—		1,443			1,426			1
Amortization	1			3			(67	)	3			6			(50	)
Total noninterest expense	725			727			—		1,446			1,432			1
Income - FTE - before provision for income taxes	332			261			27		569			507			12
Provision for income taxes	124			96			29		212			186			14
FTE adjustment	—			—			—		—			—			—
Net income including income attributable to noncontrolling interest	208			165			26		357			321			11
Less: net income attributable to noncontrolling interest	—			—			—		—			—			—
Net income		$208			$165		26			$357			$321		11

Total revenue - FTE		$1,066			$1,030		3			$2,094			$2,034		3
Selected Average Balances:
Total loans		$40,337			$41,517		(3	)%		$40,727			$41,387		(2	)%
Goodwill	4,262			4,262			—		4,262			4,262			—
Other intangible assets excluding MSRs	12			19			(37	)	13			21			(38	)
Total assets	46,486			47,196			(2	)	46,805			47,066			(1	)
Consumer and commercial deposits	91,287			85,154			7		90,927			84,681			7
Performance Ratios:
Efficiency ratio	67.92		%	70.54		%			69.04		%	70.39		%
Impact of excluding amortization and associated funding cost of intangible assets	(1.55		)	(1.99		)			(1.60		)	(2.03		)
Tangible efficiency ratio	66.37		%	68.55		%			67.44		%	68.36		%
Other Information (End of Period):
Managed (discretionary) assets										$44,001			$50,318		(13	)%
Non-managed assets									55,973			53,926			4
Total assets under administration									99,974			104,244			(4	)
Brokerage assets									48,507			46,196			5
Total assets under advisement										$148,481			$150,440		(1	)


¹	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.



SunTrust Banks, Inc. and Subsidiaries WHOLESALE BANKING
	Three Months Ended June 30								Six Months Ended June 30
(Dollars in millions) (Unaudited)	2015			2014			% Change ²		2015			2014			% Change ²
Statements of Income:
Net interest income		$444			$410		8	%		$874			$801		9	%
FTE adjustment	35			34			3		69			68			1
Net interest income - FTE	479			444			8		943			869			9
Provision for credit losses ¹	30			8			NM		26			30			(13	)
Net interest income - FTE - after provision for credit losses	449			436			3		917			839			9
Noninterest income before net securities gains/(losses)	344			312			10		656			587			12
Net securities gains/(losses)	—			—			—		—			—			—
Total noninterest income	344			312			10		656			587			12
Noninterest expense before amortization	390			390			—		791			813			(3	)
Amortization	5			—			NM		11			—			NM
Total noninterest expense	395			390			1		802			813			(1	)
Income - FTE - before provision for income taxes	398			358			11		771			613			26
Provision for income taxes	101			86			17		193			134			44
FTE adjustment	35			34			3		69			68			1
Net income including income attributable to noncontrolling interest	262			238			10		509			411			24
Less: net income attributable to noncontrolling interest	—			—			—		—			—			—
Net income		$262			$238		10			$509			$411		24

Total revenue - FTE		$823			$756		9			$1,599			$1,456		10
Selected Average Balances:
Total loans		$67,645			$61,366		10	%		$67,691			$60,159		13	%
Goodwill	2,075			2,075			—		2,075			2,071			—
Other intangible assets excluding MSRs	—			—			—		—			—			—
Total assets	81,026			72,691			11		81,129			71,375			14
Consumer and commercial deposits	48,587			43,063			13		48,051			42,683			13
Performance Ratios:
Efficiency ratio	48.03		%	51.73		%			50.12		%	55.80		%
Impact of excluding amortization and associated funding cost of intangible assets	(1.28		)	(0.84		)			(1.34		)	(0.94		)
Tangible efficiency ratio	46.75		%	50.89		%			48.78		%	54.86		%


¹	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.


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



SunTrust Banks, Inc. and Subsidiaries MORTGAGE BANKING
	Three Months Ended June 30								Six Months Ended June 30
(Dollars in millions) (Unaudited)	2015			2014			% Change ²		2015			2014			% Change ²
Statements of Income:
Net interest income		$123			$140		(12	)%		$244			$274		(11	)%
FTE adjustment	—			—			—		—			—			—
Net interest income - FTE	123			140			(12	)	244			274			(11	)
(Benefit)/provision for credit losses ¹	(13		)	24			NM		(23		)	50			NM
Net interest income - FTE - after (benefit)/provision for credit losses	136			116			17		267			224			19
Noninterest income before net securities gains/(losses)	105			119			(12	)	236			219			8
Net securities gains/(losses)	—			—			—		—			—			—
Total noninterest income	105			119			(12	)	236			219			8
Noninterest expense before amortization	180			364			(51	)	357			550			(35	)
Amortization	—			—			—		—			—			—
Total noninterest expense	180			364			(51	)	357			550			(35	)
Income - FTE - before provision/(benefit) for income taxes	61			(129		)	NM		146			(107		)	NM
Provision/(benefit) for income taxes	4			(47		)	NM		34			(41		)	NM
FTE adjustment	—			—			—		—			—			—
Net income/(loss) including income attributable to noncontrolling interest	57			(82		)	NM		112			(66		)	NM
Less: net income attributable to noncontrolling interest	—			—			—		—			—			—
Net income/(loss)		$57			($82	)	NM			$112			($66	)	NM

Total revenue - FTE		$228			$259		(12	)		$480			$493		(3	)
Selected Average Balances:
Total loans		$24,793			$27,803		(11	)%		$24,617			$28,043		(12	)%
Goodwill	—			—			—		—			—			—
Other intangible assets excluding MSRs	—			—			—		—			—			—
Total assets	28,555			31,251			(9	)	28,247			31,400			(10	)
Consumer and commercial deposits	2,980			2,220			34		2,671			2,054			30
Performance Ratios:
Efficiency ratio	79.05		%	140.96		%			74.33		%	111.61		%
Impact of excluding amortization and associated funding cost of intangible assets	—			—					—			—
Tangible efficiency ratio	79.05		%	140.96		%			74.33		%	111.61		%
Other Information:
Production Data
Channel mix
Retail		$3,144			$2,204		43	%		$5,569			$3,884		43	%
Wholesale	—			1			(100	)	—			1			(100	)
Correspondent	3,347			1,879			78		6,032			3,305			83
Total production		$6,491			$4,084		59			$11,601			$7,190		61
Channel mix - percent
Retail	48		%	54		%			48		%	54		%
Correspondent	52			46					52			46
Total production	100		%	100		%			100		%	100		%
Purchase and refinance mix
Refinance		$3,051			$1,366		NM			$6,122			$2,722		NM
Purchase	3,440			2,718			27		5,479			4,468			23
Total production		$6,491			$4,084		59			$11,601			$7,190		61
Purchase and refinance mix - percent
Refinance	47		%	33		%			53		%	38		%
Purchase	53			67					47			62
Total production	100		%	100		%			100		%	100		%

Applications		$8,823			$6,720		31			$18,616			$11,749		58
Mortgage Servicing Data (End of Period):
Total loans serviced									145,491				$134,420		8	%
Total loans serviced for others									118,394			105,388			12
Net carrying value of MSRs									1,393			1,259			11
Ratio of net carrying value of MSRs to total loans serviced for others									1.177		%	1.195		%

¹ (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.

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



SunTrust Banks, Inc. and Subsidiaries CORPORATE OTHER
	Three Months Ended June 30								Six Months Ended June 30
(Dollars in millions) (Unaudited)	2015			2014			% Change ³		2015			2014			% Change ³
Statements of Income:
Net interest (expense)/income ¹		($76	)		$10		NM			($153	)		$48		NM
FTE adjustment	1			1			—		2			1			100
Net interest (expense)/income - FTE ¹	(75		)	11			NM		(151		)	49			NM
Provision/(benefit) for credit losses ²	—			(1		)	(100	)	—			—			—
Net interest (expense)/income - FTE - after provision/(benefit) for credit losses ¹	(75		)	12			NM		(151		)	49			NM
Noninterest income before net securities gains/(losses)	21			146			(86	)	34			201			(83	)
Net securities gains/(losses)	14			(1		)	NM		14			(2		)	NM
Total noninterest income	35			145			(76	)	48			199			(76	)
Noninterest expense before amortization	27			35			(23	)	4			78			(95	)
Amortization	1			1			—		(1		)	1			NM
Total noninterest expense	28			36			(22	)	3			79			(96	)
(Loss)/income - FTE - before (benefit)/provision for income taxes	(68		)	121			NM		(106		)	169			NM
(Benefit)/provision for income taxes	(27		)	38			NM		(46		)	19			NM
FTE adjustment	1			1			—		2			1			100
Net (loss)/income including income attributable to noncontrolling interest	(42		)	82			NM		(62		)	149			NM
Less: net income attributable to noncontrolling interest	2			4			(50	)	4			11			(64	)
Net (loss)/income		($44	)		$78		NM			($66	)		$138		NM

Total revenue - FTE		($40	)		$156		NM			($103	)		$248		NM

Selected Average Balances:
Total loans		$54			$48		13	%		$47			$46		2	%
Securities available for sale	26,309			22,975			15		26,061			22,782			14
Goodwill	—			31			(100	)	—			36			(100	)
Other intangible assets excluding MSRs	—			7			(100	)	—			8			(100	)
Total assets	32,243			28,682			12		32,604			28,563			14
Consumer and commercial deposits	(3		)	35			NM		21			22			(5	)

Other Information (End of Period):
Duration of investment portfolio (in years)									4.4			4.1
Net interest income interest rate sensitivity:
% Change in net interest income under:
Instantaneous 100 bp increase in rates over next 12 months									2.3		%	3.2		%
Instantaneous 200 bp increase in rates over next 12 months									4.4		%	6.2		%
Instantaneous 25 bp decrease in rates over next 12 months									(0.9		)%	(0.6		)%


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


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


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

SunTrust Banks, Inc. and Subsidiaries

CONSOLIDATED SEGMENT TOTALS



	Three Months Ended June 30								Six Months Ended June 30
(Dollars in millions) (Unaudited)	2015			2014			% Change ¹		2015			2014			% Change ¹
Statements of Income:
Net interest income		$1,167			$1,209		(3	)%		$2,307			$2,414		(4	)%
FTE adjustment	36			35			3		71			69			3
Net interest income - FTE	1,203			1,244			(3	)	2,378			2,483			(4	)
Provision for credit losses	26			73			(64	)	82			175			(53	)
Net interest income - FTE - after provision for credit losses	1,177			1,171			1		2,296			2,308			(1	)
Noninterest income before net securities gains/(losses)	860			958			(10	)	1,678			1,750			(4	)
Net securities gains/(losses)	14			(1		)	NM		14			(2		)	NM
Total noninterest income	874			957			(9	)	1,692			1,748			(3	)
Noninterest expense before amortization	1,321			1,513			(13	)	2,595			2,867			(9	)
Amortization	7			4			75		13			7			86
Total noninterest expense	1,328			1,517			(12	)	2,608			2,874			(9	)
Income - FTE - before provision for income taxes	723			611			18		1,380			1,182			17
Provision for income taxes	202			173			17		393			298			32
FTE adjustment	36			35			3		71			69			3
Net income including income attributable to noncontrolling interest	485			403			20		916			815			12
Less: net income attributable to noncontrolling interest	2			4			(50	)	4			11			(64	)
Net income		$483			$399		21			$912			$804		13

Total revenue - FTE		$2,077			$2,201		(6	)		$4,070			$4,231		(4	)

Selected Average Balances:
Total loans		$132,829			$130,734		2	%		$133,082			$129,635		3	%
Goodwill	6,337			6,368			—		6,337			6,369			(1	)
Other intangible assets excluding MSRs	12			26			(54	)	13			29			(55	)
Total assets	188,310			179,820			5		188,785			178,404			6
Consumer and commercial deposits	142,851			130,472			9		141,670			129,440			9

Performance Ratios:
Efficiency ratio	63.92		%	68.93		%			64.07		%	67.92		%
Impact of excluding amortization and associated funding cost of intangible assets	(0.33		)	(0.16		)			(0.32		)	(0.16		)
Tangible efficiency ratio	63.59		%	68.77		%			63.75		%	67.76		%

Other Information (End of Period):
Managed (discretionary) assets										$44,001			$50,318		(13	)%
Non-managed assets									55,973			53,926			4
Total assets under administration									99,974			104,244			(4	)
Brokerage assets									48,507			46,196			5
Total assets under advisement										$148,481			$150,440		(1	)


¹	“NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

Suntrust Banks Inactive 8-KSunTrust Reports Second Quarter 2015 Results