STI 2018 Annual Report

Notes to Consolidated Financial Statements, continued 168 Year Ended December 31, 2016 1, 2 (Dollars in millions) Consumer Wholesale Corporate Other Reconciling Items Consolidated Balance Sheets: Average LHFI $70,455 $69,287 $1,379 ($3) $141,118 Average consumer and commercial deposits 105,365 48,782 115 (73) 154,189 Average total assets 79,971 83,168 33,425 2,440 199,004 Average total liabilities 106,374 54,457 14,179 (74) 174,936 Average total equity — — — 24,068 24,068 Statements of Income: Net interest income $3,636 $1,812 $160 ($387) $5,221 FTE adjustment — 136 2 — 138 Net interest income-FTE 3 3,636 1,948 162 (387) 5,359 Provision for credit losses 4 159 282 3 — 444 Net interest income after provision for credit losses-FTE 3,477 1,666 159 (387) 4,915 Total noninterest income 2,067 1,325 137 (146) 3,383 Total noninterest expense 3,938 1,507 38 (15) 5,468 Income before provision for income taxes-FTE 1,606 1,484 258 (518) 2,830 Provision for income taxes-FTE 5 592 555 70 (274) 943 Net income including income attributable to noncontrolling interest 1,014 929 188 (244) 1,887 Less: Net income attributable to noncontrolling interest — — 9 — 9 Net income $1,014 $929 $179 ($244) $1,878 1 During the second quarter of 2018, certain of the Company's business banking clients were transferred from the Wholesale business segment to the Consumer business segment. For all periods prior to the second quarter of 2018, the corresponding financial results have been transferred to the Consumer business segment for comparability purposes. 2 During the fourth quarter of 2017, the Company sold PAC, the results of which were previously reported within the Wholesale business segment. For all periods prior to January 1, 2018, PAC's financial results, including the gain on sale, have been transferred to Corporate Other for enhanced comparability of the Wholesale business segment excluding PAC. 3 Presented on a matched maturity funds transfer price basis for the segments. 4 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 ALLL and unfunded commitment reserve balances. 5 Includes regular provision for income taxes as well as FTE income and tax credit adjustment reversals.