STI 2018 Annual Report

Our Executive Council Left to right Jorge Arrieta, General Auditor; Hugh S. (Beau) Cummins, III, Co-Chief Operating Officer; L. Allison Dukes, Chief Financial Officer; Ellen C. Koebler, Chief Risk Officer; William Rogers, Jr., Chairman and Chief Executive Officer; Ellen M. Fitzsimmons, General Counsel; Mark A. Chancy, Vice Chairman, Co-Chief Operating Officer; Margaret L. Callihan, Chief Human Resources Officer; Scott E. Case, Chief Information Officer Financial Highlights Year Ended December 31 2018 2017 2016 For the Year Net income $2,775 $2,273 $1,878 Net income available to common shareholders 2,668 2,179 1,811 Total revenue 9,213 8,987 8,604 Total revenue-fully taxable–equivalent (“FTE”) 1, 2 9,301 9,132 8,742 Noninterest expense 5,673 5,764 5,468 Per Common Share Net income–diluted $5.74 $4.47 $3.60 Dividends declared 1.80 1.32 1.00 Common stock closing price (NYSE trading symbol “STI”) 50.44 64.59 54.85 Book value 49.57 47.94 45.38 Tangible book value 1 35.73 34.82 32.95 Financial Ratios Return on average total assets 1.34% 1.11% 0.94% Return on average common shareholders’ equity 12.13 9.72 7.97 Return on average tangible common shareholders’ equity 1 16.89 13.39 10.91 Net interest margin 3.22 3.06 2.92 Net interest margin–FTE 1, 2 3.26 3.14 3.00 Efficiency ratio 61.58 64.14 63.55 Tangible efficiency ratio–FTE 1, 2 60.21 62.30 61.99 Adjusted tangible efficiency ratio–FTE 1, 2 59.56 61.04 61.99 CET1 (Basel III) 9.21 9.74 9.59 At December 31 Total assets $215,543 $205,962 $204,875 LHFI 151,839 143,181 143,298 Deposits 162,589 160,780 160,398 Total shareholders’ equity 24,280 25,154 23,618 Common shares outstanding 446,888 470,931 491,188 Full-time equivalent employees 22,899 23,785 24,375 1 See Table 29 in Item 7 (MD&A) of the Company’s 2018 Annual Report on Form 10-K for a reconcilement of non-U.S. GAAP measures and additional information. 2 The Company presents Total revenue-FTE, Net interest margin-FTE, Tangible efficiency ratio-FTE, and Adjusted 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 21% for all periods beginning on or after January 1, 2018 and 35% for all periods prior to January 1, 2018, as well as state income taxes, where applicable, to increase tax-exempt interest income to a taxable-equivalent basis. The Company believes the FTE basis is the preferred industry measurement basis for these measures and that it enhances comparability of net interest income arising from taxable and tax-exempt sources. Total revenue-FTE is calculated as Net interest income-FTE plus Noninterest income. Net interest margin-FTE is calculated by dividing annualized Net interest income-FTE by average Total earning assets. (Dollars in millions and shares in thousands, except per share data) Page 14