Suntrust Banks 8K SunTrust Reports Third Quarter 2016 Results | SEC 21 Oct 16

Exhibit 99.1

News Release



Contact:
Investors		Media
Ankur Vyas		Mike McCoy
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For Immediate Release

October 21, 2016

SunTrust Reports Third Quarter 2016 Results

Diverse Business Model and Continued Execution of Core Strategies

Leads to Strong Revenue Growth

ATLANTA -- SunTrust Banks, Inc. (NYSE: STI) reported net income available to common shareholders of $457 million, or $0.91 per average common diluted share. This compares to $0.94 for the prior quarter and $1.00 for the third quarter of 2015. The prior quarter and prior year quarter were favorably impacted by discrete benefits of $0.05 and $0.11, respectively. Excluding these benefits, earnings per share grew 2% sequentially and year-over-year.

“This quarter is another reflection of the success we are having in executing against our core strategies,” said William H. Rogers, Jr., chairman and CEO of SunTrust Banks, Inc. “Year-to-date, revenue is up 7% and our efficiency ratio and tangible efficiency ratios have improved by 90 and 100 basis points, respectively. Looking ahead, I remain confident in our ability to drive further long-term value for our shareholders and help our clients and communities achieve financial confidence.”

Third Quarter 2016 Financial Highlights

(Commentary is on a fully taxable-equivalent basis unless otherwise noted. Consistent with SEC guidance in Industry Guide 3 that contemplates the calculation of tax-exempt income on a tax equivalent basis, net interest income, net interest margin, total revenue, and efficiency ratios are provided on a fully taxable-equivalent basis, which generally assumes a 35% marginal federal tax rate. We provide unadjusted amounts in the table on page 3 of this news release and detailed reconciliations and additional information in Appendix A on pages 23 and 24.)

Income Statement


•	Net income available to common shareholders was $457 million, or $0.91 per average common diluted share, compared to $0.94 for the prior quarter and $1.00 for the third quarter of 2015.


◦	The prior quarter and prior year quarter were favorably impacted by discrete benefits of $0.05 and $0.11, respectively. Excluding these benefits, earnings per share grew 2% sequentially and year-over-year.


•	Total revenue increased modestly compared to the prior quarter and 8% compared to the third quarter of 2015.


◦	Sequential revenue growth was driven by a 1% increase in net interest income and strong capital markets-related income, offsetting net asset-related gains recognized in the prior quarter.


◦	Compared to the third quarter of 2015, revenue growth was driven by an 8% increase in net interest income and 10% growth in noninterest income.


•	Net interest margin was 2.96% in the current quarter, down 3 basis points sequentially and up 2 basis points compared to the prior year quarter.


•	Provision for credit losses decreased $49 million sequentially due primarily to continued improvements in the asset quality of the residential loan portfolio, slower loan growth, and a lower energy-related provision. The $65 million increase compared to the third quarter of 2015 was primarily due to higher net charge-offs.


•	Noninterest expense increased 5% sequentially and 11% compared to the prior year quarter. The sequential increase was driven by higher regulatory and compliance costs, increased costs associated with improved business performance, and higher net occupancy costs.


◦	Compared to the prior year quarter, the increase was driven by the same factors impacting the sequential increase in addition to approximately $30 million of discrete recoveries related to previous mortgage matters and approximately $30 million of lower incentive and benefit costs in the third quarter of 2015.


•	The efficiency and tangible efficiency ratios in the current quarter were 63.1% and 62.5%, respectively, and were 62.2% and 61.6%, respectively, on a year-to-date basis. The increase compared to the prior quarter and third quarter of 2015 was impacted by discrete benefits recognized in those quarters.


◦	Year to date, compared to the same period a year ago, the efficiency ratio and tangible efficiency ratio improved by 103 and 119 basis points, respectively, driven by positive operating leverage.

Balance Sheet


•	Average loan balances increased 1% sequentially, due primarily to growth in consumer loans, and 7% compared to the third quarter of 2015, due to broad-based growth across most asset classes.


•	Average consumer and commercial deposits increased 1% sequentially and 7% compared to the third quarter of 2015, driven by growth in lower-cost deposits.

Capital


•	Estimated capital ratios continue to be well above regulatory requirements. The Common Equity Tier 1 ("CET1") ratio was estimated to be 9.8% as of September 30, 2016, and 9.7% on a fully phased-in basis.


•	During the quarter, the Company increased its quarterly common stock dividend from $0.24 per share to $0.26 per share and repurchased $240 million of its outstanding common stock in accordance with its 2016 capital plan.


•	Book value per common share was $46.63 and tangible book value per common share was $34.34, both up 1% from June 30, 2016.

Asset Quality


•	Nonperforming loans increased $5 million from the prior quarter and represented 0.67% of total loans at September 30, 2016.


•	Net charge-offs for the current quarter were $126 million, or 0.35% of average loans on an annualized basis, down $11 million compared to the prior quarter.


•	The provision for credit losses decreased $49 million sequentially due to continued improvements in the asset quality of the residential loan portfolio, slower loan growth, and a lower energy-related provision.


•	At September 30, 2016, the ALLL to period-end loans ratio declined 2 basis points from the prior quarter driven primarily by continued improvements in the asset quality of the residential loan portfolio.





Income Statement (Dollars in millions, except per share data)	3Q 2016			2Q 2016			1Q 2016			4Q 2015			3Q 2015
Net interest income	$1,308			$1,288			$1,282			$1,246			$1,211
Net interest income-FTE ²	1,342			1,323			1,318			1,281			1,247
Net interest margin	2.88		%	2.91		%	2.96		%	2.90		%	2.86		%
Net interest margin-FTE ²	2.96			2.99			3.04			2.98			2.94
Noninterest income	$889			$898			$781			$765			$811
Total revenue	2,197			2,186			2,063			2,011			2,022
Total revenue-FTE ²	2,231			2,221			2,099			2,046			2,058
Noninterest expense	1,409			1,345			1,318			1,288			1,264
Provision for credit losses	97			146			101			51			32
Net income available to common shareholders	457			475			430			467			519
Earnings per average common diluted share	0.91			0.94			0.84			0.91			1.00

Balance Sheet (Dollars in billions)
Average loans		$142.3			$141.2			$138.4			$135.2			$132.8
Average consumer and commercial deposits	155.3			154.2			149.2			148.2			145.2

Capital
Capital ratios at period end ¹ :
Tier 1 capital (transitional)	10.49		%	10.57		%	10.63		%	10.80		%	10.90		%
Common Equity Tier 1 ("CET1") (transitional)	9.77			9.84			9.90			9.96			10.04
Common Equity Tier 1 ("CET1") (fully phased-in) ²	9.66			9.73			9.77			9.80			9.89
Total average shareholders’ equity to total average assets	12.12			12.11			12.33			12.43			12.42

Asset Quality
Net charge-offs to average loans (annualized)	0.35		%	0.39		%	0.25		%	0.24		%	0.21		%
Allowance for loan and lease losses to period-end loans	1.23			1.25			1.27			1.29			1.34
Nonperforming loans to total loans	0.67			0.67			0.70			0.49			0.35

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

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

Consolidated Financial Performance Details

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

Revenue

Total revenue was $2.2 billion for the current quarter, an increase of $10 million compared to the prior quarter. Net interest income increased $19 million due to growth in average earning assets and one additional day in the current quarter, while noninterest income decreased $9 million due to $44 million in net asset-related gains recognized in the prior quarter, which were substantially offset by growth in capital markets and mortgage production-related income. Compared to the third quarter of 2015, total revenue increased $173 million, or 8%, driven by a $95 million increase in net interest income and a $78 million increase in noninterest income due to growth in mortgage and capital markets-related income, which offset gains from the sale of securities, loans, and leases recognized in the prior year quarter.

For the nine months ended September 30, 2016, total revenue was $6.6 billion, an increase of $423 million, or 7%, compared to the first nine months of 2015. The increase was driven by the same factors that impacted the comparisons to the prior year quarter discussed above.

Net Interest Income

Net interest income was $1.3 billion for the current quarter, an increase of $19 million compared to the prior quarter due primarily to growth in average earning assets and one additional day in the current quarter, partially offset by an increase in average long-term debt. Compared to the third quarter of 2015, the $95 million increase in net interest income was driven by growth in average earning assets and higher earning asset yields, partially offset by higher funding costs.

Net interest margin for the current quarter was 2.96%, compared to 2.99% in the prior quarter and 2.94% in the third quarter of 2015. When compared to the prior quarter, the 3 basis point decrease was largely driven by lower residential mortgage loan and security yields. When compared to the prior year quarter, the 2 basis point increase was primarily due to higher benchmark interest rates in addition to continued positive mix shift within the portfolio, partially offset by higher funding costs.

For the nine months ended September 30, 2016, net interest income was $4.0 billion, a $357 million, or 10%, increase compared to the first nine months of 2015. The net interest margin was 2.99% for the first nine months of 2016, an 11 basis point increase compared to the same period in 2015. The increase in both net interest income and net interest margin were driven by earning asset growth and higher earning asset yields, due primarily to higher benchmark interest rates in addition to continued positive mix shift within the portfolio.

Noninterest Income

Noninterest income was $889 million for the current quarter, compared to $898 million for the prior quarter and $811 million for the third quarter of 2015. The $9 million sequential decrease was due to a decline in other noninterest income, which was positively impacted by $44 million in net asset-related gains recognized in the prior quarter; however, these declines were substantially offset by growth in capital markets and mortgage-related income. Compared to the third quarter of 2015, noninterest income increased $78 million, or 10%, driven by higher mortgage and capital markets-related income, partially offset by a decline in other noninterest income due to gains from the sale of loans and leases in the prior year quarter.

Investment banking income was $147 million for the current quarter, compared to $126 million in the prior quarter and $115 million in the third quarter of 2015. The sequential increase was due to strong deal flow activity across most product categories, particularly syndicated finance and M&A advisory services. Compared to the third quarter of 2015, the increase was due to the same factors impacting the sequential comparison in addition to the continued strength of equity offerings.

Trading income was $65 million for the current quarter, compared to $34 million in the prior quarter and $31 million in the third quarter of 2015. The sequential increase was driven by an increase in the counterparty credit valuation reserve in the prior quarter and higher core trading revenue in the third quarter, most notably fixed income sales and trading. The increase compared to the third quarter of 2015 was due to more favorable market conditions.

Mortgage production income for the current quarter was $118 million, compared to $111 million for the prior quarter and $58 million for the third quarter of 2015. The $7 million increase from the prior quarter was primarily due to higher production volume while the $60 million increase compared to the third quarter of 2015 was primarily due to higher production volume and an increase in gain-on-sale margins. Mortgage application volume increased 6% sequentially and 54% compared to the third quarter of 2015, and closed loan production volume increased 16% sequentially and 37% compared to the third quarter of 2015.

Mortgage servicing income was $49 million for the current quarter, compared to $52 million in the prior quarter and $40 million in the third quarter of 2015. The $3 million decrease from the prior quarter was driven primarily by higher servicing asset decay, arising from elevated refinance activity. The $9 million increase compared to the third quarter of 2015 was due largely to higher servicing fees and improved net hedge performance, partially offset by higher servicing asset decay in the current quarter. The servicing portfolio was $154.0 billion at September 30, 2016, compared to $149.2 billion at September 30, 2015.

Trust and investment management income was $80 million for the current quarter, compared to $75 million for the prior quarter and $86 million for the third quarter of 2015. The $5 million increase from the prior quarter was primarily related to seasonally higher tax-related trust fees in the current quarter. The $6 million decrease compared to the prior year quarter was primarily due to a mix shift in the portfolio and a decline in non-recurring revenue.

Client transaction-related fees (namely service charges on deposits, other charges and fees, and card fees) decreased $11 million compared to the prior quarter due to lower loan commitment fees. Compared to third quarter of 2015, client transaction-related fees were stable.

Retail investment income was $71 million for the current quarter, compared to $72 million in the prior quarter and $77 million in the third quarter of 2015. The $6 million decline compared to the prior year quarter was a result of reduced transactional activity, partially offset by an increase in retail brokerage managed assets.

Other noninterest income was $21 million for the current quarter, compared to $75 million in the prior quarter and $58 million in the third quarter of 2015. The $54 million decrease compared to the second quarter was due primarily to $44 million in net asset-related gains recognized during the prior quarter in addition to certain impairments recognized in the third quarter. The $37 million decrease compared to the third quarter of 2015 was due largely to lower gains related to loan and lease sales.

For the nine months ended September 30, 2016, noninterest income was $2.6 billion, an increase of $66 million compared to the first nine months of 2015 due to higher mortgage and capital markets-related income as well as higher client transaction-related fees, partially offset by a decline in wealth management-related income and a reduction in gains from the sale of securities, loans, and leases.

Noninterest Expense

Noninterest expense was $1.4 billion in the current quarter, an increase of $64 million and $145 million compared to the prior quarter and the third quarter of 2015, respectively. The sequential increase was primarily driven by higher regulatory and compliance costs, increased costs associated with improved business performance, and higher net occupancy costs. The year-over-year increase was driven by the same factors impacting the prior quarter in addition to approximately $30 million of discrete operating loss recoveries and approximately $30 million of lower incentive and benefits costs in the third quarter of 2015.

Employee compensation and benefits expense was $773 million in the current quarter, compared to $763 million in the prior quarter and $725 million in the third quarter of 2015. The sequential increase of $10 million was due to higher salaries and incentive compensation related to improved business performance, partially offset by a seasonal decline in FICA taxes and 401(k) costs. The $48 million increase from the third quarter of 2015 was primarily due to approximately $30 million of lower incentive and benefits costs in the prior year quarter.

Operating losses were $35 million in the current quarter, compared to $25 million in the prior quarter and $3 million in the third quarter of 2015. The sequential increase of $10 million was due to higher regulatory, compliance, and legal-related charges. The $32 million increase compared to the prior year was primarily due to the recognition of discrete recoveries in the third quarter of 2015 as a result of the resolution of previous mortgage matters.

Outside processing and software expense was $225 million in the current quarter, compared to $202 million in the prior quarter and $200 million in the third quarter of 2015. The sequential increase of $23 million and the year-over-year increase of $25 million were due to increased business activity levels, higher utilization of third party services, increased investments in technology to enable ongoing efficiency initiatives, and normal quarterly variability.

FDIC premium and regulatory expense was $47 million in the current quarter, compared to $44 million in the prior quarter and $32 million in the third quarter of 2015. The increase compared to the prior quarter was driven by the FDIC surcharge on large banks, which became effective during the third quarter, while the increase compared to the prior year quarter was due the aforementioned FDIC surcharge and higher FDIC assessment fees, as a result of deposit growth and higher assessment rates.

Marketing and customer development expense was $38 million in the current quarter, compared to $38 million in the prior quarter and $42 million in the third quarter of 2015. The year-over-year decrease of $4 million was due to lower advertising costs in the current quarter.

Net occupancy expense was $93 million in the current quarter, compared to $78 million in the prior quarter and $86 million in the third quarter of 2015. The sequential increase of $15 million was due to discrete benefits recognized in the prior quarter, in addition to a reduction in amortized gains from prior sale leaseback transactions. The $7 million increase compared to the prior year quarter was also due to a reduction in amortized gains from prior sale leaseback transactions.

Other noninterest expense was $140 million in the current quarter, compared to $142 million in the prior quarter and $126 million in the third quarter of 2015. The $14 million increase compared to the third quarter of 2015 was driven primarily by higher legal and consulting fees in response to regulatory and compliance initiatives, as well as higher credit-related expenses recognized in the current quarter.

For the nine months ended September 30, 2016, noninterest expense was $4.1 billion compared to $3.9 billion for the first nine months of 2015. The $200 million increase was generally related to increased revenue and business activity, increased investments in technology, and heightened regulatory and compliance costs, in addition to discrete benefits recognized in 2015.

Income Taxes

For the current quarter, the Company recorded an income tax provision of $215 million, compared to $201 million for the prior quarter and $187 million for the third quarter of 2015. The effective tax rate for the current quarter was 31%, compared to 29% in the prior quarter and 26% in the third quarter of 2015. The effective tax rate in the third quarter of 2015 was favorably impacted by $35 million in discrete tax benefits.

Balance Sheet

At September 30, 2016, the Company had total assets of $205.1 billion and total shareholders’ equity of $24.4 billion, representing 12% of total assets. Book value per common share was $46.63 and tangible book value per common share was $34.34, both up 1% from June 30, 2016, as growth in retained earnings offset a decrease in accumulated other comprehensive income.

Loans

Average performing loans were $141.3 billion for the current quarter, a 1% increase over the prior quarter and a 7% increase over the third quarter of 2015. The sequential growth was driven by consumer loans and nonguaranteed residential mortgages, up $1.3 billion and $614 million, respectively. This growth was partially offset by declines in average C&I loans and home equity products of $676 million and $389 million, respectively. The increase compared to the third quarter of 2015 was due to broad-based growth across most asset classes. The Company sold approximately $1.0 billion of indirect automobile loans in September of 2016 as part of its overall balance sheet optimization strategy.

Deposits

Average consumer and commercial deposits for the current quarter were $155.3 billion, an increase of 1% over the prior quarter and 7% over the third quarter of 2015. The sequential growth was due to a 2% increase in money market account balances and a 1% increase in demand deposits. The growth compared to the third quarter of 2015 was driven by increases in NOW, money market account balances, and demand deposits of $5.4 billion, $3.4 billion, and $1.5 billion, respectively, partially offset by a slight decline in time deposits.

Capital and Liquidity

The Company’s estimated capital ratios were well above current regulatory requirements with the Common Equity Tier 1 ratio estimated to be 9.8% at September 30, 2016, and 9.7% on a fully phased-in basis. The ratios of average total equity to average total assets and tangible common equity to tangible assets were 12.12% and 8.57%, respectively, at September 30, 2016. The Company continues to have substantial available liquidity in the form of cash, high-quality government-backed or government-sponsored securities, and other available contingency funding sources.

During the third quarter, the Company declared a common stock dividend of $0.26 per common share, an 8% increase from the prior quarter. Additionally, the Company repurchased $240 million of its outstanding common stock during the third quarter, and the Company expects to repurchase approximately $720 million of additional common stock over the next three quarters in accordance with its 2016 capital plan.

Asset Quality

Total nonperforming assets were $1.0 billion at September 30, 2016, up $18 million compared to the prior quarter and $487 million compared to the third quarter of 2015. Compared to the prior year, the increase was driven by increases in energy-related nonperforming C&I loans and nonperforming residential home equity products which coincide with changes to the Company's home equity line workout program introduced during the first quarter of 2016. The ratio of nonperforming loans to total loans was 0.67%, 0.67%, and 0.35% at September 30, 2016, June 30, 2016, and September 30, 2015, respectively.

Net charge-offs were $126 million during the current quarter, a decrease of $11 million and an increase of $55 million compared to the prior quarter and the third quarter of 2015, respectively. The current quarter included $33 million in energy-related net charge-offs compared to $70 million recognized in the prior quarter. The ratio of annualized net charge-offs to total average loans was 0.35% during the current quarter, compared to 0.39% during the prior quarter and 0.21% during the third quarter of 2015. The provision for credit losses was $97 million in the current quarter, a decrease of $49 million and an increase of $65 million compared to the prior quarter and the third quarter of 2015, respectively. The sequential decrease in the provision for credit losses was due to continued improvements in the asset quality of the

residential loan portfolio, slower loan growth, and a lower energy-related provision. The increase in the provision for credit losses compared to the third quarter of 2015 was driven primarily by higher net charge-offs.

At September 30, 2016, the allowance for loan and lease losses was $1.7 billion, which represented 1.23% of total loans, a decrease of $31 million from June 30, 2016, due primarily to continued improvement in the asset quality of the residential loan portfolio.

Early stage delinquencies increased 6 basis points from the prior quarter to 0.64% at September 30, 2016. Excluding government-guaranteed loans, early stage delinquencies were 0.25%, up 2 basis points from the prior quarter and down 6 basis points compared to a year ago.

Accruing restructured loans totaled $2.5 billion and nonaccruing restructured loans totaled $306 million at September 30, 2016, of which $2.6 billion were residential loans, $126 million were commercial loans, and $123 million were consumer loans. Nonaccruing restructured loans have increased $130 million relative to December 31, 2015, largely driven by the classification of certain modified home equity products to nonaccrual status in order to coincide with changes to our home equity line risk mitigation program during the first quarter of 2016. At September 30, 2016, substantially all of the nonaccruing restructured home equity loans modified in 2016 were current with respect to payments and many are expected to return to accruing status after the borrowers have demonstrated six months of consistent payment history.

OTHER INFORMATION

About SunTrust Banks, Inc.

SunTrust Banks, Inc. is a purpose-driven company dedicated to Lighting the Way to Financial Well-Being for the people, businesses, and communities it serves. Headquartered in Atlanta, the Company has three business segments: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking. Its flagship subsidiary, SunTrust Bank, operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states, along with 24-hour digital access. Certain business lines serve consumer, commercial, corporate, and institutional clients nationally. As of September 30, 2016, SunTrust had total assets of $205 billion and total deposits of $159 billion. The Company provides deposit, credit, trust, investment, mortgage, asset management, securities brokerage, and capital market services. SunTrust leads onUp, a national movement inspiring Americans to build financial confidence. Join the movement at onUp.com.

Business Segment Results

The Company has included its business segment financial tables as part of this release. 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 October 21, 2016, 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: 3Q16). Individuals calling from outside the United States should dial 1-517-308-9091 (Passcode: 3Q16). A replay of the call will be available approximately one hour after the call ends on October 21, 2016, and will remain available until November 21, 2016, by dialing 1-888-568-0509 (domestic) or 1-203-369-3479 (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 October 21, 2016, 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.

Non-GAAP Financial Measures

This news release includes non-GAAP financial measures to describe SunTrust’s performance. The reconciliations of those measures to GAAP measures are provided within or in the appendix to this news release beginning at page 23.

In this news release, consistent with Securities and Exchange Commission Industry Guide 3, the Company presents total revenue, net interest income, net interest margin, and efficiency ratios on a fully taxable equivalent (“FTE”) basis, and ratios on an annualized basis. The FTE basis adjusts for the tax-favored status of net interest income from certain loans and investments using a federal tax rate of 35% and state income taxes where applicable to increase tax-exempt interest income to a taxable-equivalent basis. The Company believes this measure to be the preferred industry measurement

of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources. Total revenue-FTE equals net interest income-FTE plus noninterest income.

The Company presents the following additional non-GAAP measures because many investors find them useful. Specifically:

•

The Company presents the allowance for loan and lease losses excluding government-guaranteed loans and fair value loans, and early-stage delinquencies excluding government-guaranteed loans 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.

•

The Company presents certain capital information on a tangible basis, including tangible equity, tangible common equity, the ratio of tangible equity to tangible assets, the ratio of tangible common equity to tangible assets, tangible book value per share, and the return on tangible common shareholders’ equity, which removes the after-tax impact of purchase accounting intangible assets from shareholders' equity and removes related intangible asset amortization from net income available to common shareholders. The Company believes these measures are useful to investors because, by removing the amount of intangible assets that result from merger and acquisition activity and amortization expense (the level of which may vary from company to company), it allows investors to more easily compare the Company’s capital position and return on average tangible common shareholders' equity to other companies in the industry who present similar measures. The Company also believes that removing these items provides a more relevant measure of the return on the Company's common shareholders' equity. These measures are utilized by management to assess the capital adequacy and profitability of the Company.

•

Similarly, the Company presents an efficiency ratio-FTE and a tangible efficiency ratio-FTE. The efficiency ratio is computed by dividing noninterest expense by total revenue. Efficiency ratio-FTE is computed by dividing noninterest expense by total revenue-FTE. The tangible efficiency ratio-FTE excludes the amortization related to intangible assets and certain tax credits. The Company believes this measure is useful to investors because, by removing the impact of amortization (the level of which may vary from company to company), it allows investors to more easily compare the Company’s efficiency to other companies in the industry. This measure is utilized by management to assess the efficiency of the Company and its lines of business.

•

The Company presents the Basel III Common Equity Tier 1 (CET1), on a fully-phased in basis. Fully phased-in ratios consider a 250% risk-weighting for MSRs and deduction from capital of certain carryforward DTAs, the overfunded pension asset, and other intangible assets. The Company believes this measure is useful to investors who wish to understand the Company's current compliance with future regulatory requirements.

Important Cautionary Statement About Forward-Looking Statements

This news release contains forward-looking statements. Statements regarding potential future share repurchases, future expected dividends, and future levels of nonaccruing restructured loans 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, 2015 and in other periodic reports that we file with the SEC.

SunTrust Banks, Inc. and Subsidiaries

FINANCIAL HIGHLIGHTS



(Dollars in millions and shares in thousands, except per share data) (Unaudited)	Three Months Ended September 30						%		Nine Months Ended September 30						%
	2016			2015			Change		2016			2015			Change
EARNINGS & DIVIDENDS
Net income		$474			$537		(12	)%		$1,413			$1,449		(2	)%
Net income available to common shareholders	457			519			(12	)	1,363			1,396			(2	)
Total revenue	2,197			2,022			9		6,446			6,021			7
Total revenue-FTE ¹	2,231			2,058			8		6,551			6,128			7
Net income per average common share:
Diluted	0.91			1.00			(9	)	2.70			2.67			1
Basic	0.92			1.01			(9	)	2.72			2.70			1
Dividends paid per common share	0.26			0.24			8		0.74			0.68			9
CONDENSED BALANCE SHEETS
Selected Average Balances:
Total assets		$201,476			$188,341		7	%		$197,613			$188,635		5	%
Earning assets	180,523			168,334			7		177,600			168,325			6
Loans	142,257			132,837			7		140,628			133,000			6
Intangible assets including mortgage servicing rights ("MSRs")	7,415			7,711			(4	)	7,509			7,596			(1	)
MSRs	1,065			1,352			(21	)	1,157			1,243			(7	)
Consumer and commercial deposits	155,313			145,226			7		152,911			142,869			7
Total shareholders’ equity	24,410			23,384			4		24,076			23,266			3
Preferred stock	1,225			1,225			—		1,225			1,225			—
Period End Balances:
Total assets									205,091			187,036			10
Earning assets									181,341			168,555			8
Loans									141,532			133,560			6
Allowance for loan and lease losses ("ALLL")									1,743			1,786			(2	)
Consumer and commercial deposits									157,592			145,337			8
Total shareholders’ equity									24,449			23,664			3
FINANCIAL RATIOS & OTHER DATA
Return on average total assets	0.94		%	1.13		%	(17	)%	0.96		%	1.03		%	(7	)%
Return on average common shareholders’ equity ²	7.89			9.34			(16	)	8.01			8.51			(6	)
Return on average tangible common shareholders' equity ^{1, 2}	10.73			12.95			(17	)	10.95			11.84			(8	)
Net interest margin	2.88			2.86			1		2.92			2.79			5
Net interest margin-FTE ¹	2.96			2.94			1		2.99			2.88			4
Efficiency ratio	64.13			62.51			3		63.17			64.31			(2	)
Efficiency ratio-FTE ¹	63.14			61.44			3		62.16			63.19			(2	)
Tangible efficiency ratio-FTE ¹	62.54			60.99			3		61.63			62.82			(2	)
Effective tax rate	31			26			19		30			29			3
Basel III capital ratios at period end (transitional) ³:
Common Equity Tier 1 ("CET1")									9.77			10.04			(3	)
Tier 1 capital									10.49			10.90			(4	)
Total capital									12.56			12.72			(1	)
Leverage									9.27			9.68			(4	)
Basel III fully phased-in CET1 ratio ^{1, 3}									9.66			9.89			(2	)
Total average shareholders’ equity to total average assets	12.12		%	12.42		%	(2	)%	12.18			12.33			(1	)
Tangible equity to tangible assets ¹									9.24			9.72			(5	)
Tangible common equity to tangible assets ¹									8.57			8.98			(5	)
Book value per common share ²										$46.63			$43.44		7
Tangible book value per common share ^{1, 2}									34.34			31.56			9
Market capitalization									21,722			19,659			10
Average common shares outstanding:
Diluted	500,885			518,677			(3	)	505,619			522,634			(3	)
Basic	496,304			513,010			(3	)	501,036			516,970			(3	)
Full-time equivalent employees									23,854			24,124			(1	)
Number of ATMs									2,163			2,142			1
Full service banking offices									1,369			1,406			(3	)


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


²	Beginning January 1, 2016, noncontrolling interest was removed from common shareholders' equity in the calculation to provide a more accurate measure of the Company's return on common equity. Accordingly, amounts for periods prior to January 1, 2016 have been updated for consistent presentation.

³ Current period capital ratios are estimated as of the earnings release date.

SunTrust Banks, Inc. and Subsidiaries

FIVE QUARTER FINANCIAL HIGHLIGHTS



	Three Months Ended
	September 30			June 30			March 31			December 31			September 30
(Dollars in millions and shares in thousands, except per share data) (Unaudited)	2016			2016			2016			2015			2015
EARNINGS & DIVIDENDS
Net income		$474			$492			$447			$484			$537
Net income available to common shareholders	457			475			430			467			519
Total revenue	2,197			2,186			2,063			2,011			2,022
Total revenue-FTE ¹	2,231			2,221			2,099			2,046			2,058
Net income per average common share:
Diluted	0.91			0.94			0.84			0.91			1.00
Basic	0.92			0.95			0.85			0.92			1.01
Dividends paid per common share	0.26			0.24			0.24			0.24			0.24
CONDENSED BALANCE SHEETS
Selected Average Balances:
Total assets		$201,476			$198,305			$193,014			$189,656			$188,341
Earning assets	180,523			178,055			174,189			170,262			168,334
Loans	142,257			141,238			138,372			135,214			132,837
Intangible assets including MSRs	7,415			7,543			7,569			7,629			7,711
MSRs	1,065			1,192			1,215			1,273			1,352
Consumer and commercial deposits	155,313			154,166			149,229			148,163			145,226
Total shareholders’ equity	24,410			24,018			23,797			23,583			23,384
Preferred stock	1,225			1,225			1,225			1,225			1,225
Period End Balances:
Total assets	205,091			198,892			194,158			190,817			187,036
Earning assets	181,341			178,852			175,710			172,114			168,555
Loans	141,532			141,656			139,746			136,442			133,560
ALLL	1,743			1,774			1,770			1,752			1,786
Consumer and commercial deposits	157,592			151,779			151,264			148,921			145,337
Total shareholders’ equity	24,449			24,464			24,053			23,437			23,664
FINANCIAL RATIOS & OTHER DATA
Return on average total assets	0.94		%	1.00		%	0.93		%	1.01		%	1.13		%
Return on average common shareholders’ equity ²	7.89			8.43			7.71			8.32			9.34
Return on average tangible common shareholders' equity ^{1, 2}	10.73			11.54			10.60			11.49			12.95
Net interest margin	2.88			2.91			2.96			2.90			2.86
Net interest margin-FTE ¹	2.96			2.99			3.04			2.98			2.94
Efficiency ratio	64.13			61.53			63.89			64.05			62.51
Efficiency ratio-FTE ¹	63.14			60.56			62.81			62.96			61.44
Tangible efficiency ratio-FTE ¹	62.54			60.05			62.33			62.11			60.99
Effective tax rate	31			29			30			28			26
Basel III capital ratios at period end (transitional) ³:
CET1	9.77			9.84			9.90			9.96			10.04
Tier 1 capital	10.49			10.57			10.63			10.80			10.90
Total capital	12.56			12.68			12.39			12.54			12.72
Leverage	9.27			9.35			9.50			9.69			9.68
Basel III fully phased-in CET1 ratio ^{1, 3}	9.66			9.73			9.77			9.80			9.89
Total average shareholders’ equity to total average assets	12.12			12.11			12.33			12.43			12.42
Tangible equity to tangible assets ¹	9.24			9.53			9.56			9.40			9.72
Tangible common equity to tangible assets ¹	8.57			8.85			8.85			8.67			8.98
Book value per common share ²		$46.63			$46.14			$44.97			$43.45			$43.44
Tangible book value per common share ^{1, 2}	34.34			33.98			32.90			31.45			31.56
Market capitalization	21,722			20,598			18,236			21,793			19,659
Average common shares outstanding:
Diluted	500,885			505,633			509,931			514,507			518,677
Basic	496,304			501,374			505,482			508,536			513,010
Full-time equivalent employees	23,854			23,940			23,945			24,043			24,124
Number of ATMs	2,163			2,144			2,153			2,160			2,142
Full service banking offices	1,369			1,389			1,397			1,401			1,406


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


²	Beginning January 1, 2016, noncontrolling interest was removed from common shareholders' equity in the calculation to provide a more accurate measure of the Company's return on common equity. Accordingly, amounts for periods prior to January 1, 2016 have been updated for consistent presentation.

³ Current period capital ratios are estimated as of the earnings release date.

SunTrust Banks, Inc. and Subsidiaries

CONSOLIDATED STATEMENTS OF INCOME



	Three Months Ended				Increase/(Decrease)					Nine Months Ended				Increase/(Decrease)
(Dollars in millions and shares in thousands, except per share data) (Unaudited)	September 30				Increase/(Decrease)					September 30				Increase/(Decrease)
	2016		2015		Amount			% ²		2016		2015		Amount			% ²
Interest income		$1,451		$1,333		$118		9	%		$4,285		$3,902		$383		10	%
Interest expense	143		122		21			17		408		384		24			6
NET INTEREST INCOME	1,308		1,211		97			8		3,877		3,518		359			10
Provision for credit losses	97		32		65			NM		343		114		229			NM
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	1,211		1,179		32			3		3,534		3,404		130			4
NONINTEREST INCOME
Service charges on deposit accounts	162		159		3			2		477		466		11			2
Other charges and fees	93		97		(4		)	(4	)	290		285		5			2
Card fees	83		83		—			—		243		247		(4		)	(2	)
Investment banking income	147		115		32			28		372		357		15			4
Trading income	65		31		34			NM		154		140		14			10
Trust and investment management income	80		86		(6		)	(7	)	230		255		(25		)	(10	)
Retail investment services	71		77		(6		)	(8	)	212		229		(17		)	(7	)
Mortgage production related income	118		58		60			NM		288		217		71			33
Mortgage servicing related income	49		40		9			23		164		113		51			45
Net securities gains	—		7		(7		)	(100	)	4		21		(17		)	(81	)
Other noninterest income	21		58		(37		)	(64	)	135		173		(38		)	(22	)
Total noninterest income	889		811		78			10		2,569		2,503		66			3
NONINTEREST EXPENSE
Employee compensation and benefits	773		725		48			7		2,309		2,252		57			3
Outside processing and software	225		200		25			13		626		593		33			6
Net occupancy expense	93		86		7			8		256		255		1			—
Equipment expense	44		41		3			7		126		123		3			2
FDIC premium/regulatory exams	47		32		15			47		127		104		23			22
Marketing and customer development	38		42		(4		)	(10	)	120		104		16			15
Operating losses	35		3		32			NM		85		33		52			NM
Amortization	14		9		5			56		35		22		13			59
Other noninterest expense	140		126		14			11		388		386		2			1
Total noninterest expense	1,409		1,264		145			11		4,072		3,872		200			5
INCOME BEFORE PROVISION FOR INCOME TAXES	691		726		(35		)	(5	)	2,031		2,035		(4		)	—
Provision for income taxes	215		187		28			15		611		579		32			6
NET INCOME INCLUDING INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	476		539		(63		)	(12	)	1,420		1,456		(36		)	(2	)
Net income attributable to noncontrolling interest	2		2		—			—		7		7		—			—
NET INCOME		$474		$537		($63	)	(12	)%		$1,413		$1,449		($36	)	(2	)%
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS		$457		$519		($62	)	(12	)%		$1,363		$1,396		($33	)	(2	)%
Net interest income-FTE ¹	1,342		1,247		95			8		3,982		3,625		357			10
Total revenue	2,197		2,022		175			9		6,446		6,021		425			7
Total revenue-FTE ¹	2,231		2,058		173			8		6,551		6,128		423			7
Net income per average common share:
Diluted	0.91		1.00		(0.09		)	(9	)	2.70		2.67		0.03			1
Basic	0.92		1.01		(0.09		)	(9	)	2.72		2.70		0.02			1
Cash dividends paid per common share	0.26		0.24		0.02			8		0.74		0.68		0.06			9
Average common shares outstanding:
Diluted	500,885		518,677		(17,792		)	(3	)	505,619		522,634		(17,015		)	(3	)
Basic	496,304		513,010		(16,706		)	(3	)	501,036		516,970		(15,934		)	(3	)

¹ See Appendix A for additional information and reconcilements of non-U.S. GAAP measures to the related U.S.GAAP measures.

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)	September 30		June 30		Increase/(Decrease)					March 31		December 31		September 30
	2016		2016		Amount			% ²		2016		2015		2015
Interest income		$1,451		$1,424		$27		2	%		$1,411		$1,363		$1,333
Interest expense	143		136		7			5		129		117		122
NET INTEREST INCOME	1,308		1,288		20			2		1,282		1,246		1,211
Provision for credit losses	97		146		(49		)	(34	)	101		51		32
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	1,211		1,142		69			6		1,181		1,195		1,179
NONINTEREST INCOME
Service charges on deposit accounts	162		162		—			—		153		156		159
Other charges and fees	93		104		(11		)	(11	)	93		92		97
Card fees	83		83		—			—		78		82		83
Investment banking income	147		126		21			17		98		104		115
Trading income	65		34		31			91		55		42		31
Trust and investment management income	80		75		5			7		75		79		86
Retail investment services	71		72		(1		)	(1	)	69		71		77
Mortgage production related income	118		111		7			6		60		53		58
Mortgage servicing related income	49		52		(3		)	(6	)	62		56		40
Net securities gains	—		4		(4		)	(100	)	—		—		7
Other noninterest income	21		75		(54		)	(72	)	38		30		58
Total noninterest income	889		898		(9		)	(1	)	781		765		811
NONINTEREST EXPENSE
Employee compensation and benefits	773		763		10			1		774		690		725
Outside processing and software	225		202		23			11		198		222		200
Net occupancy expense	93		78		15			19		85		86		86
Equipment expense	44		42		2			5		40		41		41
FDIC premium/regulatory exams	47		44		3			7		36		35		32
Marketing and customer development	38		38		—			—		44		48		42
Operating losses	35		25		10			40		24		22		3
Amortization	14		11		3			27		10		17		9
Other noninterest expense	140		142		(2		)	(1	)	107		127		126
Total noninterest expense	1,409		1,345		64			5		1,318		1,288		1,264
INCOME BEFORE PROVISION FOR INCOME TAXES	691		695		(4		)	(1	)	644		672		726
Provision for income taxes	215		201		14			7		195		185		187
NET INCOME INCLUDING INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	476		494		(18		)	(4	)	449		487		539
Net income attributable to noncontrolling interest	2		2		—			—		2		3		2
NET INCOME		$474		$492		($18	)	(4	)%		$447		$484		$537
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS		$457		$475		($18	)	(4	)%		$430		$467		$519
Net interest income-FTE ¹	1,342		1,323		19			1		1,318		1,281		1,247
Total revenue	2,197		2,186		11			1		2,063		2,011		2,022
Total revenue-FTE ¹	2,231		2,221		10			—		2,099		2,046		2,058
Net income per average common share:
Diluted	0.91		0.94		(0.03		)	(3	)	0.84		0.91		1.00
Basic	0.92		0.95		(0.03		)	(3	)	0.85		0.92		1.01
Cash dividends paid per common share	0.26		0.24		0.02			8		0.24		0.24		0.24
Average common shares outstanding:
Diluted	500,885		505,633		(4,748		)	(1	)	509,931		514,507		518,677
Basic	496,304		501,374		(5,070		)	(1	)	505,482		508,536		513,010

¹ See Appendix A for additional information and reconcilements of non-U.S. GAAP measures to the related U.S.GAAP measures.

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

SunTrust Banks, Inc. and Subsidiaries

CONSOLIDATED BALANCE SHEETS



	September 30						Increase/(Decrease)
(Dollars in millions and shares in thousands, except per share data) (Unaudited)	2016			2015			Amount			%²
ASSETS
Cash and due from banks		$8,019			$3,788			$4,231		NM
Federal funds sold and securities borrowed or purchased under agreements to resell	1,697			1,105			592			54	%
Interest-bearing deposits in other banks	24			23			1			4
Trading assets and derivative instruments	7,044			6,537			507			8
Securities available for sale	29,672			27,270			2,402			9
Loans held for sale ("LHFS")	3,772			2,032			1,740			86
Loans held for investment:
Commercial and industrial ("C&I")	68,298			65,371			2,927			4
Commercial real estate ("CRE")	5,056			6,168			(1,112		)	(18	)
Commercial construction	3,875			1,763			2,112			NM
Residential mortgages - guaranteed	521			627			(106		)	(17	)
Residential mortgages - nonguaranteed	26,306			24,351			1,955			8
Residential home equity products	12,178			13,416			(1,238		)	(9	)
Residential construction	393			394			(1		)	—
Consumer student - guaranteed	5,844			4,588			1,256			27
Consumer other direct	7,358			5,771			1,587			27
Consumer indirect	10,434			10,119			315			3
Consumer credit cards	1,269			992			277			28
Total loans held for investment	141,532			133,560			7,972			6
Allowance for loan and lease losses ("ALLL")	(1,743		)	(1,786		)	(43		)	(2	)
Net loans held for investment	139,789			131,774			8,015			6
Goodwill	6,337			6,337			—			—
MSRs	1,119			1,262			(143		)	(11	)
Other assets	7,618			6,908			710			10
Total assets ¹		$205,091			$187,036			$18,055		10	%
LIABILITIES
Deposits:
Noninterest-bearing consumer and commercial deposits		$43,835			$41,487			$2,348		6	%
Interest-bearing consumer and commercial deposits:
NOW accounts	43,093			36,164			6,929			19
Money market accounts	54,763			51,628			3,135			6
Savings	6,256			6,133			123			2
Consumer time	5,659			6,205			(546		)	(9	)
Other time	3,986			3,720			266			7
Total consumer and commercial deposits	157,592			145,337			12,255			8
Brokered time deposits	950			884			66			7
Foreign deposits	300			150			150			100
Total deposits	158,842			146,371			12,471			9
Funds purchased	2,226			1,329			897			67
Securities sold under agreements to repurchase	1,724			1,536			188			12
Other short-term borrowings	949			1,077			(128		)	(12	)
Long-term debt	11,866			8,444			3,422			41
Trading liabilities and derivative instruments	1,484			1,330			154			12
Other liabilities	3,551			3,285			266			8
Total liabilities	180,642			163,372			17,270			11
SHAREHOLDERS' EQUITY
Preferred stock, no par value	1,225			1,225			—			—
Common stock, $1.00 par value	550			550			—			—
Additional paid-in capital	9,009			9,087			(78		)	(1	)
Retained earnings	15,681			14,341			1,340			9
Treasury stock, at cost, and other	(2,131		)	(1,451		)	680			47
Accumulated other comprehensive income/(loss), net of tax	115			(88		)	203			NM
Total shareholders' equity	24,449			23,664			785			3
Total liabilities and shareholders' equity		$205,091			$187,036			$18,055		10	%

Common shares outstanding	495,936			514,106			(18,170		)	(4	)%
Common shares authorized	750,000			750,000			—			—
Preferred shares outstanding	12			12			—			—
Preferred shares authorized	50,000			50,000			—			—
Treasury shares of common stock	53,985			35,815			18,170			51

¹ Includes earning assets of $181,341 and $168,555 at September 30, 2016 and 2015, 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



(Dollars in millions and shares in thousands, except per share data) (Unaudited)	September 30			June 30			Increase/(Decrease)					March 31			December 31			September 30
	2016			2016			Amount			% ²		2016			2015			2015
ASSETS
Cash and due from banks		$8,019			$4,134			$3,885		94	%		$3,074			$4,299			$3,788
Federal funds sold and securities borrowed or purchased under agreements to resell	1,697			1,107			590			53		1,229			1,277			1,105
Interest-bearing deposits in other banks	24			24			—			—		24			23			23
Trading assets and derivative instruments	7,044			6,850			194			3		7,050			6,119			6,537
Securities available for sale	29,672			29,336			336			1		28,188			27,825			27,270
LHFS	3,772			2,468			1,304			53		1,911			1,838			2,032
Loans held for investment:
C&I	68,298			68,603			(305		)	—		68,963			67,062			65,371
CRE	5,056			6,228			(1,172		)	(19	)	6,034			6,236			6,168
Commercial construction	3,875			2,617			1,258			48		2,498			1,954			1,763
Residential mortgages - guaranteed	521			534			(13		)	(2	)	623			629			627
Residential mortgages - nonguaranteed	26,306			26,037			269			1		25,148			24,744			24,351
Residential home equity products	12,178			12,481			(303		)	(2	)	12,845			13,171			13,416
Residential construction	393			397			(4		)	(1	)	383			384			394
Consumer student - guaranteed	5,844			5,562			282			5		5,265			4,922			4,588
Consumer other direct	7,358			6,825			533			8		6,372			6,127			5,771
Consumer indirect	10,434			11,195			(761		)	(7	)	10,522			10,127			10,119
Consumer credit cards	1,269			1,177			92			8		1,093			1,086			992
Total loans held for investment	141,532			141,656			(124		)	—		139,746			136,442			133,560
ALLL	(1,743		)	(1,774		)	(31		)	(2	)	(1,770		)	(1,752		)	(1,786		)
Net loans held for investment	139,789			139,882			(93		)	—		137,976			134,690			131,774
Goodwill	6,337			6,337			—			—		6,337			6,337			6,337
MSRs	1,119			1,061			58			5		1,182			1,307			1,262
Other assets	7,618			7,693			(75		)	(1	)	7,187			7,102			6,908
Total assets ¹		$205,091			$198,892			$6,199		3	%		$194,158			$190,817			$187,036
LIABILITIES
Deposits:
Noninterest-bearing consumer and commercial deposits		$43,835			$42,466			$1,369		3	%		$42,256			$42,272			$41,487
Interest-bearing consumer and commercial deposits:
NOW accounts	43,093			39,869			3,224			8		39,273			38,990			36,164
Money market accounts	54,763			53,410			1,353			3		53,327			51,783			51,628
Savings	6,256			6,343			(87		)	(1	)	6,418			6,057			6,133
Consumer time	5,659			5,836			(177		)	(3	)	6,085			6,108			6,205
Other time	3,986			3,855			131			3		3,905			3,711			3,720
Total consumer and commercial deposits	157,592			151,779			5,813			4		151,264			148,921			145,337
Brokered time deposits	950			972			(22		)	(2	)	897			899			884
Foreign deposits	300			—			300			NM		—			10			150
Total deposits	158,842			152,751			6,091			4		152,161			149,830			146,371
Funds purchased	2,226			1,352			874			65		1,497			1,949			1,329
Securities sold under agreements to repurchase	1,724			1,622			102			6		1,774			1,654			1,536
Other short-term borrowings	949			1,883			(934		)	(50	)	1,673			1,024			1,077
Long-term debt	11,866			12,264			(398		)	(3	)	8,514			8,462			8,444
Trading liabilities and derivative instruments	1,484			1,245			239			19		1,536			1,263			1,330
Other liabilities	3,551			3,311			240			7		2,950			3,198			3,285
Total liabilities	180,642			174,428			6,214			4		170,105			167,380			163,372
SHAREHOLDERS’ EQUITY
Preferred stock, no par value	1,225			1,225			—			—		1,225			1,225			1,225
Common stock, $1.00 par value	550			550			—			—		550			550			550
Additional paid-in capital	9,009			9,003			6			—		9,017			9,094			9,087
Retained earnings	15,681			15,353			328			2		14,999			14,686			14,341
Treasury stock, at cost, and other	(2,131		)	(1,900		)	231			12		(1,759		)	(1,658		)	(1,451		)
Accumulated other comprehensive income/(loss), net of tax	115			233			(118		)	(51	)	21			(460		)	(88		)
Total shareholders’ equity	24,449			24,464			(15		)	—		24,053			23,437			23,664
Total liabilities and shareholders’ equity		$205,091			$198,892			$6,199		3	%		$194,158			$190,817			$187,036

Common shares outstanding	495,936			501,412			(5,476		)	(1	)%	505,443			508,712			514,106
Common shares authorized	750,000			750,000			—			—		750,000			750,000			750,000
Preferred shares outstanding	12			12			—			—		12			12			12
Preferred shares authorized	50,000			50,000			—			—		50,000			50,000			50,000
Treasury shares of common stock	53,985			48,509			5,476			11		44,478			41,209			35,815

¹ Includes earning assets of $181,341, $178,852, $175,710, $172,114, and $168,555 at September 30, 2016, June 30, 2016, March 31, 2016, December 31, 2015, and September 30, 2015, 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														(Decrease)/Increase From
	September 30, 2016							June 30, 2016							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")		$68,242			$536	3.13	%		$68,918			$533	3.11	%		($676	)	0.02			$2,973		0.09
Commercial real estate ("CRE")	5,975			44		2.92		6,055			44		2.91		(80		)	0.01		(49		)	0.07
Commercial construction	2,909			24		3.28		2,589			21		3.25		320			0.03		1,300			0.16
Residential mortgages - guaranteed	540			5		3.34		580			6		3.98		(40		)	(0.64	)	(90		)	0.20
Residential mortgages - nonguaranteed	26,022			243		3.74		25,408			241		3.80		614			(0.06	)	1,913			(0.11	)
Residential home equity products	12,075			119		3.93		12,464			122		3.95		(389		)	(0.02	)	(1,306		)	0.21
Residential construction	379			4		4.47		376			4		4.41		3			0.06		—			(0.21	)
Consumer student - guaranteed	5,705			58		4.03		5,412			54		3.98		293			0.05		1,211			0.20
Consumer other direct	7,090			81		4.56		6,590			74		4.54		500			0.02		1,540			0.23
Consumer indirect	11,161			96		3.41		10,771			90		3.37		390			0.04		1,193			0.12
Consumer credit cards	1,224			31		10.12		1,125			29		10.09		99			0.03		259			(0.02	)
Nonaccrual	935			4		1.70		950			4		1.67		(15		)	0.03		476			(2.79	)
Total loans held for investment	142,257			1,245		3.48		141,238			1,222		3.48		1,019			—		9,420			0.08
Securities available for sale:
Taxable	28,460			157		2.21		27,910			160		2.29		550			(0.08	)	1,839			(0.06	)
Tax-exempt	181			2		3.41		151			1		3.60		30			(0.19	)	11			(0.28	)
Total securities available for sale	28,641			159		2.22		28,061			161		2.29		580			(0.07	)	1,850			(0.06	)
Federal funds sold and securities borrowed or purchased under agreements to resell	1,171			—		0.11		1,227			—		0.17		(56		)	(0.06	)	71			0.08
Loans held for sale ("LHFS")	2,867			25		3.47		2,015			18		3.61		852			(0.14	)	579			(0.13	)
Interest-bearing deposits in other banks	24			—		0.38		23			—		0.29		1			0.09		2			0.24
Interest earning trading assets	5,563			22		1.57		5,491			23		1.65		72			(0.08	)	267			—
Total earning assets	180,523			1,451		3.20		178,055			1,424		3.22		2,468			(0.02	)	12,189			0.06
Allowance for loan and lease losses ("ALLL")	(1,756		)					(1,756		)					—					48
Cash and due from banks	5,442							5,127							315					(287		)
Other assets	14,822							14,675							147					300
Noninterest earning trading assets and derivative instruments	1,538							1,527							11					373
Unrealized gains on securities available for sale, net	907							677							230					512
Total assets		$201,476							$198,305							$3,171					$13,135
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing deposits:
NOW accounts		$41,160			$15	0.14	%		$41,691			$13	0.12	%		($531	)	0.02			$5,376		0.05
Money market accounts	54,500			29		0.21		53,186			25		0.19		1,314			0.02		3,436			0.05
Savings	6,304			—		0.03		6,399			1		0.02		(95		)	0.01		101			—
Consumer time	5,726			10		0.69		5,984			11		0.76		(258		)	(0.07	)	(560		)	(0.06	)
Other time	3,981			10		0.97		3,881			10		1.03		100			(0.06	)	243			(0.04	)
Total interest-bearing consumer and commercial deposits	111,671			64		0.23		111,141			60		0.22		530			0.01		8,596			0.03
Brokered time deposits	959			3		1.31		913			3		1.35		46			(0.04	)	89			(0.07	)
Foreign deposits	130			—		0.37		46			—		0.34		84			0.03		(10		)	0.24
Total interest-bearing deposits	112,760			67		0.24		112,100			63		0.23		660			0.01		8,675			0.03
Funds purchased	784			1		0.36		1,032			1		0.36		(248		)	—		112			0.26
Securities sold under agreements to repurchase	1,691			2		0.45		1,718			2		0.40		(27		)	0.05		(74		)	0.23
Interest-bearing trading liabilities	930			5		2.11		1,006			6		2.39		(76		)	(0.28	)	90			(0.44	)
Other short-term borrowings	1,266			—		0.19		1,220			—		0.20		46			(0.01	)	(906		)	0.03
Long-term debt	12,257			68		2.21		10,517			64		2.46		1,740			(0.25	)	2,577			(0.26	)
Total interest-bearing liabilities	129,688			143		0.44		127,593			136		0.43		2,095			0.01		10,474			0.03
Noninterest-bearing deposits	43,642							43,025							617					1,491
Other liabilities	3,356							3,217							139					158
Noninterest-bearing trading liabilities and derivative instruments	380							452							(72		)			(14		)
Shareholders’ equity	24,410							24,018							392					1,026
Total liabilities and shareholders’ equity		$201,476							$198,305							$3,171					$13,135
Interest Rate Spread						2.76	%						2.79	%				(0.03	)				0.03
Net Interest Income					$1,308							$1,288
Net Interest Income-FTE ²					$1,342							$1,323
Net Interest Margin ³						2.88	%						2.91	%				(0.03	)				0.02
Net Interest Margin-FTE ^{2, 3}						2.96							2.99					(0.03	)				0.02

¹Interest income includes loan fees of $40 million and $41 million for the three months ended September 30, 2016 and June 30, 2016, respectively.

²See Appendix A for additional information and reconcilements of non-U.S. GAAP performance measures. Approximately 95% of the total FTE adjustment for both the three months ended September 30, 2016 and June 30, 2016 was attributed to C&I loans.

³Net interest margin is calculated by dividing annualized net interest income 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
	March 31, 2016							December 31, 2015							September 30, 2015
(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		$68,058			$529	3.13	%		$66,405			$508	3.04	%		$65,269			$499	3.04	%
CRE	6,066			44		2.91		6,072			43		2.78		6,024			43		2.85
Commercial construction	2,232			18		3.28		1,936			15		3.05		1,609			13		3.12
Residential mortgages - guaranteed	641			6		3.80		647			7		4.49		630			5		3.14
Residential mortgages - nonguaranteed	24,712			236		3.81		24,325			232		3.82		24,109			232		3.85
Residential home equity products	12,849			126		3.95		13,161			125		3.78		13,381			126		3.72
Residential construction	368			4		4.42		376			4		4.65		379			5		4.68
Consumer student - guaranteed	5,092			50		3.98		4,745			46		3.86		4,494			43		3.83
Consumer other direct	6,239			70		4.48		5,924			65		4.34		5,550			61		4.33
Consumer indirect	10,279			87		3.39		10,098			85		3.35		9,968			83		3.29
Consumer credit cards	1,077			28		10.31		1,024			26		10.17		965			24		10.14
Nonaccrual	759			5		2.72		501			5		3.86		459			5		4.49
Total loans held for investment	138,372			1,203		3.50		135,214			1,161		3.41		132,837			1,139		3.40
Securities available for sale:
Taxable	27,164			162		2.39		26,823			162		2.42		26,621			151		2.27
Tax-exempt	151			1		3.64		161			1		3.67		170			2		3.69
Total securities available for sale	27,315			163		2.39		26,984			163		2.42		26,791			153		2.28
Federal funds sold and securities borrowed or purchased under agreements to resell	1,234			—		0.18		1,127			—		0.01		1,100			—		0.03
LHFS	1,816			19		4.15		1,728			16		3.70		2,288			20		3.60
Interest-bearing deposits in other banks	23			—		0.47		23			—		0.09		22			—		0.14
Interest earning trading assets	5,429			26		1.86		5,186			23		1.73		5,296			21		1.57
Total earning assets	174,189			1,411		3.26		170,262			1,363		3.18		168,334			1,333		3.14
ALLL	(1,750		)					(1,764		)					(1,804		)
Cash and due from banks	4,015							4,965							5,729
Other assets	14,639							14,525							14,522
Noninterest earning trading assets and derivative instruments	1,387							1,230							1,165
Unrealized gains on securities available for sale, net	534							438							395
Total assets		$193,014							$189,656							$188,341
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing deposits:
NOW accounts		$37,994			$10	0.10	%		$37,293			$9	0.09	%		$35,784			$8	0.09	%
Money market accounts	53,063			24		0.18		52,250			21		0.16		51,064			21		0.16
Savings	6,179			—		0.03		6,095			—		0.03		6,203			—		0.03
Consumer time	6,104			12		0.79		6,156			12		0.77		6,286			12		0.75
Other time	3,813			10		1.04		3,721			10		1.02		3,738			10		1.01
Total interest-bearing consumer and commercial deposits	107,153			56		0.21		105,515			52		0.19		103,075			51		0.20
Brokered time deposits	898			3		1.37		890			3		1.38		870			3		1.38
Foreign deposits	4			—		0.33		156			—		0.14		140			—		0.13
Total interest-bearing deposits	108,055			59		0.22		106,561			55		0.20		104,085			54		0.21
Funds purchased	1,399			1		0.35		869			—		0.15		672			—		0.10
Securities sold under agreements to repurchase	1,819			2		0.40		1,773			1		0.21		1,765			1		0.22
Interest-bearing trading liabilities	1,017			6		2.56		878			5		2.40		840			6		2.55
Other short-term borrowings	2,351			2		0.32		1,113			—		0.09		2,172			1		0.16
Long-term debt	8,637			59		2.73		8,450			56		2.62		9,680			60		2.47
Total interest-bearing liabilities	123,278			129		0.42		119,644			117		0.39		119,214			122		0.41
Noninterest-bearing deposits	42,076							42,648							42,151
Other liabilities	3,321							3,393							3,198
Noninterest-bearing trading liabilities and derivative instruments	542							388							394
Shareholders’ equity	23,797							23,583							23,384
Total liabilities and shareholders’ equity		$193,014							$189,656							$188,341
Interest Rate Spread						2.84	%						2.79	%						2.73	%
Net Interest Income					$1,282							$1,246							$1,211
Net Interest Income-FTE ²					$1,318							$1,281							$1,247
Net Interest Margin ³						2.96	%						2.90	%						2.86	%
Net Interest Margin-FTE ^{2, 3}						3.04							2.98							2.94


¹	Interest income includes loan fees of $43 million, $47 million, and $50 million for the three months ended March 31, 2016, December 31, 2015, and September 30, 2015, respectively.


²	See Appendix A for additional information and reconcilements of non-U.S. GAAP performance measures. Approximately 95% of the total FTE adjustment for the three months ended March 31, 2016, December 31, 2015, and September 30, 2015 was attributed to C&I loans.


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



SunTrust Banks, Inc. and Subsidiaries CONSOLIDATED DAILY AVERAGE BALANCES, INCOME/EXPENSE, AND AVERAGE YIELDS EARNED/RATES PAID, continued
	Nine Months Ended
	September 30, 2016							September 30, 2015							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		$68,405			$1,599	3.12	%		$65,577			$1,466	2.99	%			$2,828		0.13
CRE	6,032			132		2.91		6,213			131		2.81			(181		)	0.10
Commercial construction	2,578			63		3.27		1,491			35		3.15			1,087			0.12
Residential mortgages - guaranteed	587			16		3.72		633			17		3.52			(46		)	0.20
Residential mortgages - nonguaranteed	25,383			720		3.78		23,568			680		3.85			1,815			(0.07	)
Residential home equity products	12,461			368		3.94		13,662			376		3.68			(1,201		)	0.26
Residential construction	374			12		4.44		387			14		4.91			(13		)	(0.47	)
Consumer student - guaranteed	5,404			162		4.00		4,530			127		3.76			874			0.24
Consumer other direct	6,641			225		4.53		5,149			165		4.28			1,492			0.25
Consumer indirect	10,739			273		3.39		10,317			248		3.20			422			0.19
Consumer credit cards	1,142			87		10.17		917			68		9.95			225			0.22
Nonaccrual	882			13		1.98		556			18		4.21			326			(2.23	)
Total loans held for investment	140,628			3,670		3.49		133,000			3,345		3.36			7,628			0.13
Securities available for sale:
Taxable	27,847			479		2.29		26,161			425		2.17			1,686			0.12
Tax-exempt	161			4		3.54		180			5		3.71			(19		)	(0.17	)
Total securities available for sale	28,008			483		2.30		26,341			430		2.18			1,667			0.12
Federal funds sold and securities borrowed or purchased under agreements to resell	1,210			1		0.15		1,153			—		—			57			0.15
LHFS	2,235			62		3.69		2,557			66		3.42			(322		)	0.27
Interest-bearing deposits in other banks	24			—		0.38		23			—		0.13			1			0.25
Interest earning trading assets	5,495			69		1.69		5,251			61		1.58			244			0.11
Total earning assets	177,600			4,285		3.22		168,325			3,902		3.10			9,275			0.12
ALLL	(1,754		)					(1,859		)						105
Cash and due from banks	4,863							5,832								(969		)
Other assets	14,713							14,530								183
Noninterest earning trading assets and derivative instruments	1,484							1,276								208
Unrealized gains on securities available for sale, net	707							531								176
Total assets		$197,613							$188,635								$8,978
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing deposits:
NOW accounts		$40,285			$38	0.12	%		$34,443			$23	0.09	%			$5,842		0.03
Money market accounts	53,586			77		0.19		49,935			64		0.17			3,651			0.02
Savings	6,294			1		0.03		6,189			2		0.03			105			—
Consumer time	5,937			33		0.75		6,539			37		0.76			(602		)	(0.01	)
Other time	3,892			30		1.01		3,844			29		1.01			48			—
Total interest-bearing consumer and commercial deposits	109,994			179		0.22		100,950			155		0.20			9,044			0.02
Brokered time deposits	924			9		1.34		887			10		1.43			37			(0.09	)
Foreign deposits	60			—		0.36		238			—		0.13			(178		)	0.23
Total interest-bearing deposits	110,978			188		0.23		102,075			165		0.22			8,903			0.01
Funds purchased	1,071			3		0.36		806			1		0.10			265			0.26
Securities sold under agreements to repurchase	1,742			6		0.41		1,837			3		0.20			(95		)	0.21
Interest-bearing trading liabilities	984			17		2.36		882			16		2.45			102			(0.09	)
Other short-term borrowings	1,611			3		0.25		2,479			3		0.17			(868		)	0.08
Long-term debt	10,477			191		2.44		11,690			196		2.24			(1,213		)	0.20
Total interest-bearing liabilities	126,863			408		0.43		119,769			384		0.43			7,094			—
Noninterest-bearing deposits	42,917							41,919								998
Other liabilities	3,299							3,237								62
Noninterest-bearing trading liabilities and derivative instruments	458							444								14
Shareholders’ equity	24,076							23,266								810
Total liabilities and shareholders’ equity		$197,613							$188,635								$8,978
Interest Rate Spread						2.79	%						2.67	%					0.12
Net Interest Income					$3,877							$3,518
Net Interest Income-FTE ²					$3,982							$3,625
Net Interest Margin ³						2.92	%						2.79	%					0.13
Net Interest Margin-FTE ^{2, 3}						2.99							2.88						0.11

¹ Interest income includes loan fees of $124 million and $142 million for the nine months ended September 30, 2016 and 2015, respectively.

² See Appendix A for additional information and reconcilements of non-U.S. GAAP performance measures. Approximately 95% of the total FTE adjustment for both the nine months ended September 30, 2016 and 2015 was attributed to C&I loans.

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



SunTrust Banks, Inc. and Subsidiaries OTHER FINANCIAL DATA
	Three Months Ended											Nine Months Ended
	September 30						(Decrease)/Increase					September 30						(Decrease)/Increase
(Dollars in millions) (Unaudited)	2016			2015			Amount			% ³		2016			2015			Amount			% ³
CREDIT DATA
Allowance for credit losses, beginning of period		$1,840			$1,886			($46	)	(2	)%		$1,815			$1,991			($176	)	(9	)%
Provision for unfunded commitments	2			9			(7		)	(78	)	5			7			(2		)	(29	)
Provision/(benefit) for loan losses:
Commercial	81			33			48			NM		293			74			219			NM
Residential	(36		)	(39		)	3			8		(72		)	(30		)	(42		)	NM
Consumer	50			29			21			72		117			63			54			86
Total provision for loan losses	95			23			72			NM		338			107			231			NM
Charge-offs:
Commercial	(78		)	(23		)	55			NM		(209		)	(82		)	127			NM
Residential	(28		)	(47		)	(19		)	(40	)	(102		)	(177		)	(75		)	(42	)
Consumer	(44		)	(32		)	12			38		(117		)	(97		)	20			21
Total charge-offs	(150		)	(102		)	48			47		(428		)	(356		)	72			20
Recoveries:
Commercial	7			10			(3		)	(30	)	26			35			(9		)	(26	)
Residential	7			11			(4		)	(36	)	22			31			(9		)	(29	)
Consumer	10			10			—			—		33			32			1			3
Total recoveries	24			31			(7		)	(23	)	81			98			(17		)	(17	)
Net charge-offs	(126		)	(71		)	55			77		(347		)	(258		)	89			34
Allowance for credit losses, end of period		$1,811			$1,847			($36	)	(2	)%		$1,811			$1,847			($36	)	(2	)%
Components:
Allowance for loan and lease losses ("ALLL")													$1,743			$1,786			($43	)	(2	)%
Unfunded commitments reserve												68			61			7			11
Allowance for credit losses													$1,811			$1,847			($36	)	(2	)%
Net charge-offs to average loans held for investment (annualized):
Commercial	0.37		%	0.07		%	0.30			NM		0.32		%	0.09		%	0.23			NM
Residential	0.21			0.37			(0.16		)	(43	)%	0.27			0.50			(0.23		)	(46	)%
Consumer	0.52			0.42			0.10			24		0.47			0.42			0.05			12
Total net charge-offs to total average loans held for investment	0.35			0.21			0.14			67		0.33			0.26			0.07			27
Period Ended
Nonaccrual/nonperforming loans ("NPLs"):
Commercial													$513			$138			$375		NM
Residential												429			318			111			35	%
Consumer												7			7			—			—
Total nonaccrual/NPLs												949			463			486			NM
Other real estate owned (“OREO”)												57			62			(5		)	(8	)
Other repossessed assets												13			7			6			86
Total nonperforming assets ("NPAs")													$1,019			$532			$487		92	%
Accruing restructured loans													$2,522			$2,571			($49	)	(2	)%
Nonaccruing restructured loans												306			182			124			68
Accruing loans held for investment past due > 90 days (guaranteed)												1,114			873			241			28
Accruing loans held for investment past due > 90 days (non-guaranteed)												30			32			(2		)	(6	)
Accruing LHFS past due > 90 days												2			1			1			100
NPLs to total loans held for investment												0.67		%	0.35		%	0.32			91	%
NPAs to total loans held for investment plus OREO and other repossessed assets												0.72			0.40			0.32			80
ALLL to period-end loans held for investment ^{1, 2}												1.23			1.34			(0.11		)	(8	)
ALLL to NPLs ^{1, 2}												1.84x			3.87x			(2.03x)			(52	)
ALLL to annualized net charge-offs ¹	3.49x			6.33x			(2.84x)			(45	)	3.76x			5.18x			(1.42x)			(27	)

¹This ratio is computed using the allowance for loan and lease losses ("ALLL").

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

³ "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
	September 30			June 30			Increase/(Decrease)					March 31			December 31			September 30
(Dollars in millions) (Unaudited)	2016			2016			Amount			% ³		2016			2015			2015
CREDIT DATA
Allowance for credit losses, beginning of period		$1,840			$1,831			$9		—	%		$1,815			$1,847			$1,886
Provision/(benefit) for unfunded commitments	2			5			(3		)	(60	)	(2		)	2			9
Provision/(benefit) for loan losses:
Commercial	81			114			(33		)	(29	)	98			59			33
Residential	(36		)	(4		)	(32		)	NM		(32		)	(37		)	(39		)
Consumer	50			31			19			61		37			27			29
Total provision for loan losses	95			141			(46		)	(33	)	103			49			23
Charge-offs:
Commercial	(78		)	(99		)	(21		)	21		(32		)	(35		)	(23		)
Residential	(28		)	(33		)	(5		)	(15	)	(41		)	(41		)	(47		)
Consumer	(44		)	(35		)	9			26		(39		)	(38		)	(32		)
Total charge-offs	(150		)	(167		)	(17		)	(10	)	(112		)	(114		)	(102		)
Recoveries:
Commercial	7			9			(2		)	(22	)	10			10			10
Residential	7			9			(2		)	(22	)	6			11			11
Consumer	10			12			(2		)	(17	)	11			10			10
Total recoveries	24			30			(6		)	(20	)	27			31			31
Net charge-offs	(126		)	(137		)	(11		)	(8	)	(85		)	(83		)	(71		)
Allowance for credit losses, end of period		$1,811			$1,840			($29	)	(2	)%		$1,831			$1,815			$1,847
Components:
ALLL		$1,743			$1,774			($31	)	(2	)%		$1,770			$1,752			$1,786
Unfunded commitments reserve	68			66			2			3		61			63			61
Allowance for credit losses		$1,811			$1,840			($29	)	(2	)%		$1,831			$1,815			$1,847
Net charge-offs to average loans held for investment (annualized):
Commercial	0.37		%	0.46		%	(0.09		)	(20	)%	0.12		%	0.13		%	0.07		%
Residential	0.21			0.24			(0.03		)	(13	)	0.36			0.30			0.37
Consumer	0.52			0.39			0.13			33		0.49			0.51			0.42
Total net charge-offs to total average loans held for investment	0.35			0.39			(0.04		)	(10	)	0.25			0.24			0.21
Period Ended
Nonaccrual/NPLs:
Commercial		$513			$503			$10		2	%		$577			$319			$138
Residential	429			433			(4		)	(1	)	390			344			318
Consumer	7			8			(1		)	(13	)	8			9			7
Total nonaccrual/NPLs	949			944			5			1		975			672			463
OREO	57			49			8			16		52			56			62
Other repossessed assets	13			8			5			63		8			7			7
Total NPAs		$1,019			$1,001			$18		2	%		$1,035			$735			$532
Accruing restructured loans		$2,522			$2,541			($19	)	(1	)%		$2,569			$2,603			$2,571
Nonaccruing restructured loans	306			307			(1		)	—		233			176			182
Accruing loans held for investment past due > 90 days (guaranteed)	1,114			999			115			12		962			939			873
Accruing loans held for investment past due > 90 days (non-guaranteed)	30			42			(12		)	(29	)	34			42			32
Accruing LHFS past due > 90 days	2			1			1			100		1			—			1
NPLs to total loans held for investment	0.67		%	0.67		%	—			—	%	0.70		%	0.49		%	0.35		%
NPAs to total loans held for investment plus OREO and other repossessed assets	0.72			0.71			0.01			1		0.74			0.54			0.40
ALLL to period-end loans held for investment ^{1, 2}	1.23			1.25			(0.02		)	(2	)	1.27			1.29			1.34
ALLL to NPLs ^{1, 2}	1.84x			1.89x			(0.05x)			(3	)	1.83x			2.62x			3.87x
ALLL to annualized net charge-offs ¹	3.49x			3.22x			0.27x			8		5.20x			5.33x			6.33x

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

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

³ "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 September 30									Nine Months Ended September 30
(Dollars in millions) (Unaudited)	MSRs - Fair Value			Other			Total			MSRs - Fair Value			Other			Total
OTHER INTANGIBLE ASSETS ROLLFORWARD
Balance, beginning of period		$1,393			$23			$1,416			$1,206			$13			$1,219
Amortization	—			(3		)	(3		)	—			(6		)	(6		)
Servicing rights originated	68			—			68			185			13			198
Servicing rights purchased	—			—			—			109			—			109
Fair value changes due to inputs and assumptions ¹	(146		)	—			(146		)	(74		)	—			(74		)
Other changes in fair value ²	(52		)	—			(52		)	(161		)	—			(161		)
Servicing rights sold	(1		)	—			(1		)	(3		)	—			(3		)
Balance, September 30, 2015		$1,262			$20			$1,282			$1,262			$20			$1,282

Balance, beginning of period		$1,061			$14			$1,075			$1,307			$18			$1,325
Amortization	—			(2		)	(2		)	—			(6		)	(6		)
Servicing rights originated	88			—			88			198			—			198
Servicing rights purchased	27			—			27			104			—			104
Fair value changes due to inputs and assumptions ¹	5			—			5			(328		)	—			(328		)
Other changes in fair value ²	(61		)	—			(61		)	(160		)	—			(160		)
Servicing rights sold	(1		)	—			(1		)	(2		)	—			(2		)
Balance, September 30, 2016		$1,119			$12			$1,131			$1,119			$12			$1,131

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
	September 30		June 30		March 31		December 31		September 30
(Shares in thousands) (Unaudited)	2016		2016		2016		2015		2015
COMMON SHARES ROLLFORWARD
Balance, beginning of period	501,412		505,443		508,712		514,106		518,045
Common shares issued for employee benefit plans	259		752		991		2		85
Repurchase of common stock	(5,735	)	(4,783	)	(4,260	)	(5,396	)	(4,024	)
Balance, end of period	495,936		501,412		505,443		508,712		514,106



SunTrust Banks, Inc. and Subsidiaries APPENDIX A TO THE EARNINGS RELEASE - RECONCILEMENT OF NON-U.S. GAAP MEASURES¹

	Three Months Ended															Nine Months Ended
	September 30			June 30			March 31			December 31			September 30			September 30
(Dollars in millions) (Unaudited)	2016			2016			2016			2015			2015			2016			2015
Net interest income		$1,308			$1,288			$1,282			$1,246			$1,211			$3,877			$3,518
Fully taxable-equivalent ("FTE") adjustment	34			35			36			35			36			105			107
Net interest income-FTE ²	1,342			1,323			1,318			1,281			1,247			3,982			3,625
Noninterest income	889			898			781			765			811			2,569			2,503
Total revenue-FTE ²		$2,231			$2,221			$2,099			$2,046			$2,058			$6,551			$6,128

Return on average common shareholders’ equity ³	7.89		%	8.43		%	7.71		%	8.32		%	9.34		%	8.01		%	8.51		%
Impact of removing average intangible assets and related amortization, other than MSRs and other servicing rights	2.84			3.11			2.89			3.17			3.61			2.94			3.33
Return on average tangible common shareholders' equity ⁴	10.73		%	11.54		%	10.60		%	11.49		%	12.95		%	10.95		%	11.84		%

Net interest margin	2.88		%	2.91		%	2.96		%	2.90		%	2.86		%	2.92		%	2.79		%
Impact of FTE adjustment	0.08			0.08			0.08			0.08			0.08			0.07			0.09
Net interest margin-FTE ²	2.96		%	2.99		%	3.04		%	2.98		%	2.94		%	2.99		%	2.88		%

Noninterest expense		$1,409			$1,345			$1,318			$1,288			$1,264			$4,072			$3,872
Total revenue	2,197			2,186			2,063			2,011			2,022			6,446			6,021
Efficiency ratio ⁵	64.13		%	61.53		%	63.89		%	64.05		%	62.51		%	63.17		%	64.31		%
Impact of FTE adjustment	(0.99		)	(0.97		)	(1.08		)	(1.09		)	(1.07		)	(1.01		)	(1.12		)
Efficiency ratio-FTE ^{2, 5}	63.14			60.56			62.81			62.96			61.44			62.16			63.19
Impact of excluding amortization related to intangible assets and certain tax credits	(0.60		)	(0.51		)	(0.48		)	(0.85		)	(0.45		)	(0.53		)	(0.37		)
Tangible efficiency ratio-FTE ^{2, 6}	62.54		%	60.05		%	62.33		%	62.11		%	60.99		%	61.63		%	62.82		%

Basel III Common Equity Tier 1 ("CET1") ratio (transitional)⁷	9.77		%	9.84		%	9.90		%	9.96		%	10.04		%
Impact of MSRs and other under fully phased-in approach	(0.11		)	(0.11		)	(0.13		)	(0.16		)	(0.15		)
Basel III fully phased-in CET1 ratio⁷	9.66		%	9.73		%	9.77		%	9.80		%	9.89		%

¹ Certain amounts in this schedule are presented net of applicable income taxes, calculated based on each subsidiary’s federal and state tax rates and are adjusted for any permanent differences.

² The Company presents net interest income-FTE, total revenue-FTE, net interest margin-FTE, efficiency ratio-FTE, and tangible efficiency ratio-FTE on a fully taxable-equivalent (“FTE”) basis. The FTE basis adjusts for the tax-favored status of net interest income from certain loans and investments using a federal tax rate of 35% and state income taxes where applicable to increase tax-exempt interest income to a taxable-equivalent basis. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources. Total revenue-FTE equals net interest income-FTE plus noninterest income.

³ Beginning January 1, 2016, noncontrolling interest was removed from common shareholders' equity in the calculation to provide a more accurate measure of the Company's return on common equity. Accordingly, amounts for periods prior to January 1, 2016 have been updated for consistent presentation.

⁴ The Company presents return on average tangible common shareholders' equity, which removes the after-tax impact of purchase accounting intangible assets from average common shareholders' equity and removes related intangible asset amortization from net income available to common shareholders. The Company believes this measure is useful to investors because, by removing the amount of intangible assets and amortization expense (the level of which may vary from company to company), it allows investors to more easily compare the Company’s return on average common shareholders' equity to other companies in the industry. The Company also believes that removing these items provides a more relevant measure of the return on the Company's common shareholders' equity. This measure is utilized by management to assess the profitability of the Company.

⁵ Efficiency ratio is computed by dividing noninterest expense by total revenue. Efficiency ratio-FTE is computed by dividing noninterest expense by total revenue-FTE.

⁶ The Company presents a tangible efficiency ratio, which excludes the amortization related to intangible assets and certain tax credits. The Company believes this measure is useful to investors because, by removing the impact of amortization (the level of which may vary from company to company), it allows investors to more easily compare the Company’s efficiency to other companies in the industry. This measure is utilized by management to assess the efficiency of the Company and its lines of business.

⁷ Current period Basel III capital ratios are estimated as of the earnings release date. Fully phased-in ratios consider a 250% risk-weighting for MSRs and deduction from capital of certain carryforward DTAs, the overfunded pension asset, and other intangible assets. The Company believes these measures may be useful to investors who wish to understand the Company's current compliance with future regulatory requirements.



SunTrust Banks, Inc. and Subsidiaries APPENDIX A TO THE EARNINGS RELEASE - RECONCILEMENT OF NON-U.S. GAAP MEASURES, continued¹

	September 30			June 30			March 31			December 31			September 30
(Dollars in millions, except per share data) (Unaudited)	2016			2016			2016			2015			2015
Total shareholders' equity		$24,449			$24,464			$24,053			$23,437			$23,664
Goodwill, net of deferred taxes of $248 million, $246 million, $243 million, $240 million, and $237 million, respectively	(6,089		)	(6,091		)	(6,094		)	(6,097		)	(6,100		)
Other intangible assets (including MSRs and other servicing rights), net of deferred taxes of $2 million, $2 million, $3 million, $3 million, and $4 million, respectively	(1,129		)	(1,073		)	(1,195		)	(1,322		)	(1,279		)
MSRs and other servicing rights	1,124			1,067			1,189			1,316			1,272
Tangible equity	18,355			18,367			17,953			17,334			17,557
Noncontrolling interest	(101		)	(103		)	(101		)	(108		)	(106		)
Preferred stock	(1,225		)	(1,225		)	(1,225		)	(1,225		)	(1,225		)
Tangible common equity		$17,029			$17,039			$16,627			$16,001			$16,226

Total assets		$205,091			$198,892			$194,158			$190,817			$187,036
Goodwill	(6,337		)	(6,337		)	(6,337		)	(6,337		)	(6,337		)
Other intangible assets (including MSRs and other servicing rights)	(1,131		)	(1,075		)	(1,198		)	(1,325		)	(1,282		)
MSRs and other servicing rights	1,124			1,067			1,189			1,316			1,272
Tangible assets		$198,747			$192,547			$187,812			$184,471			$180,689
Tangible equity to tangible assets ²	9.24		%	9.53		%	9.56		%	9.40		%	9.72		%
Tangible common equity to tangible assets ²	8.57			8.85			8.85			8.67			8.98
Tangible book value per common share ³		$34.34			$33.98			$32.90			$31.45			$31.56

¹ Certain amounts in this schedule are presented net of applicable income taxes, calculated based on each subsidiary’s federal and state tax rates and are adjusted for any permanent differences.

² The Company presents certain capital information on a tangible basis, including tangible equity, tangible common equity, the ratio of tangible equity to tangible assets, and the ratio of tangible common equity to tangible assets, which remove the after-tax impact of purchase accounting intangible assets from shareholders' equity. The Company believes these measures are useful to investors because, by removing the amount of intangible assets that result from merger and acquisition activity (the level of which may vary from company to company), it allows investors to more easily compare the Company’s capital adequacy to other companies in the industry. These measures are used by management to analyze capital adequacy.

³ The Company presents tangible book value per common share, which excludes the after-tax impact of purchase accounting intangible assets and also excludes noncontrolling interest and preferred stock from shareholders' equity. The Company believes this measure is useful to investors because, by removing the amount of intangible assets, noncontrolling interest, and preferred stock (the levels of which may vary from company to company), it allows investors to more easily compare the Company’s book value of common stock to other companies in the industry.



SunTrust Banks, Inc. and Subsidiaries CONSUMER BANKING AND PRIVATE WEALTH MANAGEMENT
	Three Months Ended September 30								Nine Months Ended September 30
(Dollars in millions) (Unaudited)	2016			2015			% Change		2016			2015			% Change
Statements of Income:
Net interest income		$721			$688		5	%		$2,124			$2,028		5	%
FTE adjustment	—			—			—		—			—			—
Net interest income-FTE ¹	721			688			5		2,124			2,028			5
Provision for credit losses ²	30			22			36		107			101			6
Net interest income-FTE - after provision for credit losses ¹	691			666			4		2,017			1,927			5
Noninterest income before net securities gains	387			384			1		1,108			1,136			(2	)
Net securities gains	—			—			—		—			—			—
Total noninterest income	387			384			1		1,108			1,136			(2	)
Noninterest expense before amortization	789			729			8		2,291			2,191			5
Amortization	1			1			—		2			4			(50	)
Total noninterest expense	790			730			8		2,293			2,195			4
Income-FTE - before provision for income taxes ¹	288			320			(10	)	832			868			(4	)
Provision for income taxes	108			119			(9	)	310			323			(4	)
FTE adjustment	—			—			—		—			—			—
Net income including income attributable to noncontrolling interest	180			201			(10	)	522			545			(4	)
Less: net income attributable to noncontrolling interest	—			—			—		—			—			—
Net income		$180			$201		(10	)		$522			$545		(4	)

Total revenue		$1,108			$1,072		3			$3,232			$3,164		2
Total revenue-FTE ¹	1,108			1,072			3		3,232			3,164			2
Selected Average Balances:
Total loans		$43,405			$40,189		8	%		$42,502			$40,539		5	%
Goodwill	4,262			4,262			—		4,262			4,262			—
Other intangible assets excluding MSRs	12			22			(45	)	14			16			(13	)
Total assets	49,085			45,887			7		48,190			46,511			4
Consumer and commercial deposits	95,924			91,039			5		95,389			90,919			5
Performance Ratios:
Efficiency ratio	71.35		%	68.05		%			70.92		%	69.34		%
Impact of FTE adjustment	—			—					—			—
Efficiency ratio-FTE ¹	71.35			68.05					70.92			69.34
Impact of excluding amortization and associated funding cost of intangible assets	(1.43		)	(1.54		)			(1.47		)	(1.60		)
Tangible efficiency ratio-FTE ^{1, 3}	69.92		%	66.51		%			69.45		%	67.74		%
Other Information (End of Period) ⁴:
Trust and institutional managed assets										$40,893			$40,649		1	%
Retail brokerage managed assets									12,493			10,197			23
Total managed assets									53,386			50,846			5
Non-managed assets									94,355			89,354			6
Total assets under advisement										$147,741			$140,200		5

Net interest income-FTE, income-FTE, total revenue-FTE, efficiency ratio-FTE, and tangible efficiency ratio-FTE are presented on a fully taxable-equivalent (“FTE”) basis. The FTE basis adjusts for the tax-favored status of net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources. Total revenue-FTE equals net interest income on an FTE basis plus noninterest income.


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

A tangible efficiency ratio is presented, which excludes the amortization related to intangible assets and certain tax credits. The Company believes this measure is useful to investors because, by removing the impact of amortization (the level of which may vary from company to company), it allows investors to more easily compare this segment's efficiency to other business segments and companies in the industry. This measure is utilized by management to assess the efficiency of the Company and its lines of business.


⁴	Beginning in the first quarter of 2016, the Company implemented a new policy for the classification and disclosure of assets under advisement. The primary change was related to the reclassification of brokerage assets into managed and non-managed assets. Prior period amounts were restated for comparative purposes.



SunTrust Banks, Inc. and Subsidiaries WHOLESALE BANKING
	Three Months Ended September 30								Nine Months Ended September 30
(Dollars in millions) (Unaudited)	2016			2015			% Change ⁴		2016			2015			% Change ⁴
Statements of Income:
Net interest income		$461			$452		2	%		$1,362			$1,328		3	%
FTE adjustment	33			35			(6	)	103			104			(1	)
Net interest income-FTE ¹	494			487			1		1,465			1,432			2
Provision for credit losses ²	68			47			45		253			73			NM
Net interest income-FTE - after provision for credit losses ¹	426			440			(3	)	1,212			1,359			(11	)
Noninterest income before net securities gains	320			292			10		906			914			(1	)
Net securities gains	—			—			—		—			—			—
Total noninterest income	320			292			10		906			914			(1	)
Noninterest expense before amortization	414			375			10		1,220			1,147			6
Amortization	13			8			63		33			18			83
Total noninterest expense	427			383			11		1,253			1,165			8
Income-FTE - before provision for income taxes ¹	319			349			(9	)	865			1,108			(22	)
Provision for income taxes	62			78			(21	)	161			267			(40	)
FTE adjustment	33			35			(6	)	103			104			(1	)
Net income including income attributable to noncontrolling interest	224			236			(5	)	601			737			(18	)
Less: net income attributable to noncontrolling interest	—			—			—		—			—			—
Net income		$224			$236		(5	)		$601			$737		(18	)

Total revenue		$781			$744		5			$2,268			$2,242		1
Total revenue-FTE ¹	814			779			4		2,371			2,346			1
Selected Average Balances:
Total loans		$71,634			$67,291		6	%		$71,499			$67,565		6	%
Goodwill	2,075			2,075			—		2,075			2,075			—
Other intangible assets excluding MSRs	1			—			NM		1			—			NM
Total assets	85,772			80,067			7		85,402			80,734			6
Consumer and commercial deposits	55,921			51,194			9		54,564			49,142			11
Performance Ratios:
Efficiency ratio	54.67		%	51.48		%			55.25		%	51.96		%
Impact of FTE adjustment	(2.27		)	(2.19		)			(2.39		)	(2.32		)
Efficiency ratio-FTE ¹	52.40			49.29					52.86			49.64
Impact of excluding amortization and associated funding cost of intangible assets	(2.24		)	(1.67		)			(2.09		)	(1.47		)
Tangible efficiency ratio-FTE ^{1, 3}	50.16		%	47.62		%			50.77		%	48.17		%


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

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



SunTrust Banks, Inc. and Subsidiaries MORTGAGE BANKING
	Three Months Ended September 30								Nine Months Ended September 30
(Dollars in millions) (Unaudited)	2016			2015			% Change ⁴		2016			2015			% Change ⁴
Statements of Income:
Net interest income		$111			$123		(10	)%		$334			$366		(9	)%
FTE adjustment	—			—			—		—			—			—
Net interest income-FTE ¹	111			123			(10	)	334			366			(9	)
Benefit for credit losses ²	(1		)	(38		)	(97	)	(17		)	(61		)	(72	)
Net interest income-FTE - after benefit for credit losses ¹	112			161			(30	)	351			427			(18	)
Noninterest income before net securities gains	167			109			53		457			346			32
Net securities gains	—			—			—		—			—			—
Total noninterest income	167			109			53		457			346			32
Noninterest expense before amortization	196			153			28		547			510			7
Amortization	—			—			—		—			—			—
Total noninterest expense	196			153			28		547			510			7
Income-FTE - before provision for income taxes ¹	83			117			(29	)	261			263			(1	)
Provision for income taxes	31			11			NM		99			44			NM
FTE adjustment	—			—			—		—			—			—
Net income including income attributable to noncontrolling interest	52			106			(51	)	162			219			(26	)
Less: net income attributable to noncontrolling interest	—			—			—		—			—			—
Net income		$52			$106		(51	)		$162			$219		(26	)

Total revenue		$278			$232		20			$791			$712		11
Total revenue-FTE ¹	278			232			20		791			712			11
Selected Average Balances:
Total loans		$27,146			$25,299		7	%		$26,563			$24,847		7	%
Goodwill	—			—			—		—			—			—
Other intangible assets excluding MSRs	—			—			—		—			—			—
Total assets	31,202			29,280			7		30,178			28,595			6
Consumer and commercial deposits	3,374			2,918			16		2,896			2,754			5
Performance Ratios:
Efficiency ratio	70.20		%	65.99		%			69.07		%	71.49		%
Impact of FTE adjustment	—			—					—			—
Efficiency ratio-FTE ¹	70.20			65.99					69.07			71.49
Impact of excluding amortization and associated funding cost of intangible assets	—			—					—			—
Tangible efficiency ratio-FTE ^{1, 3}	70.20		%	65.99		%			69.07		%	71.49		%
Production Data:
Channel mix
Retail		$3,386			$2,522		34	%		$9,041			$8,091		12	%
Correspondent	5,073			3,653			39		11,653			9,685			20
Total production		$8,459			$6,175		37			$20,694			$17,776		16
Channel mix - percent
Retail	40		%	41		%			44		%	46		%
Correspondent	60			59					56			54
Total production	100		%	100		%			100		%	100		%
Purchase and refinance mix
Refinance		$4,281			$2,341		83			$10,162			$8,463		20
Purchase	4,178			3,834			9		10,532			9,313			13
Total production		$8,459			$6,175		37			$20,694			$17,776		16
Purchase and refinance mix - percent
Refinance	51		%	38		%			49		%	48		%
Purchase	49			62					51			52
Total production	100		%	100		%			100		%	100		%

Applications		$11,866			$7,686		54			$32,296			$26,302		23
Mortgage Servicing Data (End of Period):
Total loans serviced										$153,984			$149,221		3	%
Total loans serviced for others									123,936			122,012			2
Net carrying value of MSRs									1,119			1,262			(11	)
Ratio of net carrying value of MSRs to total loans serviced for others									0.903		%	1.034		%

¹ Net interest income-FTE, income-FTE, total revenue-FTE, efficiency ratio-FTE, and tangible efficiency ratio-FTE are presented on a fully taxable-equivalent (“FTE”) basis. The FTE basis adjusts for the tax-favored status of net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources. Total revenue-FTE equals net interest income on an FTE basis plus noninterest income.

² Benefit for credit losses represents net charge-offs by segment combined with an allocation to the segments for the benefit attributable to quarterly changes in the allowance for loan and lease losses and unfunded commitment reserve balances.

³ A tangible efficiency ratio is presented, which excludes the amortization related to intangible assets and certain tax credits. The Company believes this measure is useful to investors because, by removing the impact of amortization (the level of which may vary from company to company), it allows investors to more easily compare this segment's efficiency to other business segments and companies in the industry. This measure is utilized by management to assess the efficiency of the Company and its lines of business.

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



SunTrust Banks, Inc. and Subsidiaries CORPORATE OTHER
	Three Months Ended September 30								Nine Months Ended September 30
(Dollars in millions) (Unaudited)	2016			2015			% Change ⁴		2016			2015			% Change ⁴
Statements of Income:
Net interest income/(expense) ¹		$15			($52	)	NM			$57			($204	)	NM
FTE adjustment	1			1			—		2			3			(33	)
Net interest income/(expense)-FTE ²	16			(51		)	NM		59			(201		)	NM
Provision for credit losses ³	—			1			(100	)	—			1			(100	)
Net interest income/(expense)-FTE - after provision for credit losses ²	16			(52		)	NM		59			(202		)	NM
Noninterest income before net securities gains	15			19			(21	)	94			86			9
Net securities gains	—			7			(100	)	4			21			(81	)
Total noninterest income	15			26			(42	)	98			107			(8	)
Noninterest expense before amortization	(4		)	(2		)	100		(21		)	2			NM
Amortization	—			—			—		—			—			—
Total noninterest expense	(4		)	(2		)	100		(21		)	2			NM
Income/(loss)-FTE - before provision/(benefit) for income taxes ²	35			(24		)	NM		178			(97		)	NM
Provision/(benefit) for income taxes	14			(21		)	NM		41			(55		)	NM
FTE adjustment	1			1			—		2			3			(33	)
Net income/(loss) including income attributable to noncontrolling interest	20			(4		)	NM		135			(45		)	NM
Less: net income attributable to noncontrolling interest	2			2			—		7			7			—
Net income/(loss)		$18			($6	)	NM			$128			($52	)	NM

Total revenue		$30			($26	)	NM			$155			($97	)	NM
Total revenue-FTE ²	31			(25		)	NM		157			(94		)	NM

Selected Average Balances:
Total loans		$72			$58		24	%		$64			$49		31	%
Securities available for sale	28,602			26,748			7		27,968			26,292			6
Goodwill	—			—			—		—			—			—
Other intangible assets excluding MSRs	—			—			—		—			—			—
Total assets	35,417			33,107			7		33,843			32,795			3
Consumer and commercial deposits	94			75			25		62			54			15

Other Information (End of Period):
Duration of investment portfolio (in years)									3.8			4.6
Net interest income interest rate sensitivity:
% Change in net interest income under:
Instantaneous 200 basis point increase in rates over next 12 months									3.6		%	6.1		%
Instantaneous 100 basis point increase in rates over next 12 months									2.1		%	3.2		%
Instantaneous 25 basis point decrease in rates over next 12 months									(0.7		)%	(1.3		)%


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

Net interest income-FTE, income-FTE, and total revenue-FTE are presented on a fully taxable-equivalent (“FTE”) basis. The FTE basis adjusts for the tax-favored status of net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources. Total revenue-FTE equals net interest income on an FTE basis plus noninterest income.


³	Provision 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 commitments reserve balances.

⁴ “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 September 30								Nine Months Ended September 30
(Dollars in millions) (Unaudited)	2016			2015			% Change ²		2016			2015			% Change ²
Statements of Income:
Net interest income		$1,308			$1,211		8	%		$3,877			$3,518		10	%
FTE adjustment	34			36			(6	)	105			107			(2	)
Net interest income-FTE ¹	1,342			1,247			8		3,982			3,625			10
Provision for credit losses	97			32			NM		343			114			NM
Net interest income-FTE - after provision for credit losses ¹	1,245			1,215			2		3,639			3,511			4
Noninterest income before net securities gains	889			804			11		2,565			2,482			3
Net securities gains	—			7			(100	)	4			21			(81	)
Total noninterest income	889			811			10		2,569			2,503			3
Noninterest expense before amortization	1,395			1,255			11		4,037			3,850			5
Amortization	14			9			56		35			22			59
Total noninterest expense	1,409			1,264			11		4,072			3,872			5
Income-FTE - before provision for income taxes ¹	725			762			(5	)	2,136			2,142			—
Provision for income taxes	215			187			15		611			579			6
FTE adjustment	34			36			(6	)	105			107			(2	)
Net income including income attributable to noncontrolling interest	476			539			(12	)	1,420			1,456			(2	)
Less: net income attributable to noncontrolling interest	2			2			—		7			7			—
Net income		$474			$537		(12	)		$1,413			$1,449		(2	)

Total revenue		$2,197			$2,022		9			$6,446			$6,021		7
Total revenue-FTE ¹	2,231			2,058			8		6,551			6,128			7

Selected Average Balances:
Total loans		$142,257			$132,837		7	%		$140,628			$133,000		6	%
Goodwill	6,337			6,337			—		6,337			6,337			—
Other intangible assets excluding MSRs	13			22			(41	)	15			16			(6	)
Total assets	201,476			188,341			7		197,613			188,635			5
Consumer and commercial deposits	155,313			145,226			7		152,911			142,869			7

Performance Ratios:
Efficiency ratio	64.13		%	62.51		%			63.17		%	64.31		%
Impact of FTE adjustment	(0.99		)	(1.07		)			(1.01		)	(1.12		)
Efficiency ratio-FTE ¹	63.14			61.44					62.16			63.19
Impact of excluding amortization and associated funding cost of intangible assets	(0.60		)	(0.45		)			(0.53		)	(0.37		)
Tangible efficiency ratio-FTE ¹	62.54		%	60.99		%			61.63		%	62.82		%

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

Suntrust Banks Inactive 8-KSunTrust Reports Third Quarter 2016 Results