Pillar 3 Regulatory Capital Disclosures

Pillar 3 Regulatory Capital DisclosuresBB&T CorporationJune 30, 2019

Pillar 3 Regulatory Capital DisclosuresBB&T CorporationJune 30, 2019Table of ContentsGlossary of Defined TermsPage No.1Introduction2Regulatory Capital3Capital Adequacy Process4Capital Ratios6Credit Risk7Risk Mitigation13Securitizations14Equity Securities not Subject to Market Risk Rule15Forward-Looking Statements16Appendix:Cross Reference TableA-1

Pillar 3 Regulatory Capital DisclosuresBB&T CorporationJune 30, 2019Glossary of Defined Terms – The following terms may be used throughout this Report:TermDefinitionACLAFSAgency MBSALLLAOCIBOLIBasel IIIBB&TBCBSBHCBranch BankCAPCCARCCPCET1CompanyCRACRECSADodd-Frank BMSRNIMOTCParent U.S. TreasuryAllowance for credit lossesAvailable-for-saleMortgage-backed securities issued by a U.S. government agency or GSEAllowance for loan and lease lossesAccumulated other comprehensive income (loss)Bank-owned life insuranceGlobal regulatory standards on bank capital adequacy and liquidity published by the BCBSBB&T Corporation and subsidiariesBasel Committee on Banking SupervisionBank holding companyBranch Banking and Trust CompanyCapital Adequacy ProcessComprehensive Capital Analysis and ReviewCentral clearing partyCommon equity tier 1BB&T Corporation and subsidiaries (interchangeable with "BB&T" above)Community Reinvestment Act of 1977Commercial real estateCredit support annexDodd-Frank Wall Street Reform and Consumer Protection ActFederal Deposit Insurance CorporationFederal Family Education Loan ProgramFinancial Holding CompanyBoard of Governors of the Federal Reserve SystemAccounting principles generally accepted in the United States of AmericaU.S. government-sponsored enterpriseHeld-to-maturityHigh volatility commercial real estateInternational Swaps and Derivatives Association, Inc.Loans and leases held for investmentMortgage-backed securitiesManagement's Discussion and AnalysisMultilateral development bankMortgage servicing rightNet interest marginOver-the-counterBB&T Corporation, the parent company of Branch Bank and other subsidiariesPurchased credit impaired loansPublic sector entityCapital Adequacy - Basel III Final RuleRisk-weighted assetsSupervisory Formula ApproachSecurities Industry and Financial Markets AssociationSunTrust Banks, Inc.Simplified Supervisory Formula ApproachTruist Financial CorporationUnited States of AmericaUnited States Department of the Treasury1

Pillar 3 Regulatory Capital DisclosuresBB&T CorporationJune 30, 2019IntroductionBB&T is one of the largest FHCs in the U.S., with 230.9 billion in assets and a market capitalization of 37.6 billion as ofJune 30, 2019. Branch Bank, BB&T's largest subsidiary, was chartered in 1872 and is the oldest bank headquartered in NorthCarolina. Branch Bank provides a wide range of banking and trust services for retail and commercial clients in its geographicmarkets, including small and mid-size businesses, corporations, public agencies, local governments and individuals, throughmore than 1,700 financial centers at June 30, 2019 and its digital platform.Merger with SunTrustOn February 7, 2019, BB&T entered into an agreement and plan of merger, by and between BB&T and SunTrust Banks, pursuantto which SunTrust will merge with and into BB&T. The merger agreement has been unanimously approved by both companies'Boards of Directors. On July 10, 2019, BB&T received regulatory approval from the North Carolina Office of the Commissioner ofBanks for the pending merger-of-equals with SunTrust. The merger is expected to close late in the third or fourth quarter of 2019,subject to satisfaction of closing conditions, including receipt of remaining regulatory approvals. On July 30, 2019, BB&T andSunTrust shareholders approved the merger. In addition, BB&T's shareholders approved Truist Financial C

Merger with SunTrust. On February 7, 2019, BB&T entered into an agreement and plan of merger, by and between BB&T and SunTrust Banks, pursuant to which SunTrust will merge with and into BB&T. The merger agreement has been una