UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) October 18, 2007

SunTrust Banks, Inc.
(Exact name of registrant as specified in its charter)

Georgia	 	001-08918	 	58-1575035	
(State or other jurisdiction
of incorporation)	 	(Commission
File Number)	 	(IRS Employer
Identification No.)	
		
303 Peachtree St., N.E., Atlanta, Georgia	 	30308	
(Address of principal executive offices)	 	(Zip Code)	
Registrant’s telephone number, including area code (404) 588-7711
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)	
 
¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)	
 
¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))	
 
¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))	

 
Item 2.02 Results of Operations and Financial Condition.
 
Item 7.01 Regulation FD Disclosure.
The following information is furnished pursuant to Item 2.02, “Results of Operations and Financial Condition” and Item 7.01, “Regulation FD Disclosure”. Consequently, it is not deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section. It may only be incorporated by reference in another filing under the Exchange Act or Securities Act of 1933 if such subsequent filing specifically references this Form 8-K.
On October 18, 2007, SunTrust Banks, Inc. (the “Registrant”) announced financial results for the second quarter ended September 30, 2007. A copy of the news release announcing the Registrant’s results for the second quarter ended September 30, 2007 is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
The Registrant intends to hold an investor call and webcast to discuss financial results for the second quarter ended September 30, 2007 on October 18, 2007, at 8:00 a.m. Eastern time. Additional presentation materials relating to such call are attached hereto as Exhibit 99.2 and are incorporated herein by reference.
All information in the news release and the presentation materials speak as of the date thereof and the Registrant does not assume any obligation to update said information in the future. In addition, the Registrant disclaims any inference regarding the materiality of such information which otherwise may arise as a result of its furnishing such information under Item 2.02 and/or   Item 7.01 of this report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
 
(d)	Exhibits	
 
99.1	News release dated October 18, 2007 (furnished with the Commission as a part of this Form 8-K).	
 
99.2	Presentation materials dated October 18, 2007 (furnished with the Commission as a part of this Form 8-K).	
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	 		 	SUNTRUST BANKS, INC.	
	 		 	            (Registrant)	
				
Date: October 18, 2007.	 		 	By:	 	/s/ Thomas E. Panther	
	 		 		 	Thomas E. Panther,	
	 		 		 	Senior Vice President and Controller	
  
Exhibit 99.1

	 	News Release	

Contact:	  		
Investors	  	Media	
Steve Shriner	  	Barry Koling	
(404) 827-6714	  	(404) 230-5268	
For Immediate Release
October 18, 2007
SunTrust Reports Third Quarter 2007 Earnings

Company Says Progress on Key Performance Initiatives Overshadowed by Earnings Impact of
Challenging Market Conditions
ATLANTA—SunTrust Banks, Inc. (NYSE: STI) today reported net income available to common shareholders for the third quarter of 2007 of $412.6 million compared to $535.6 million in the third quarter of 2006. Net income per average common diluted share was $1.18 compared to $1.47 in the third quarter of 2006. The results included approximately $161 million in net valuation losses, or $0.28 per diluted common share after tax, and $45 million in severance expenses, or $0.08 per diluted common share after tax.
“It’s disappointing that the positive impact of continuing progress in our broad-based program to drive enhanced shareholder value was overshadowed by the difficult market conditions that affected our industry in the third quarter and that, obviously, took a significant toll on our results,” said James M. Wells III, President and Chief Executive Officer of SunTrust.
Specifically, Mr. Wells noted that the positive impact of continued expense discipline and continued net interest margin expansion was, as anticipated, offset by a decline in market value of certain financial assets held by SunTrust and severance expense related to a previously announced efficiency initiative. Third quarter results also reflected a higher provision for loan losses attributable to the deterioration in the credit environment.
“Clearly, we are not immune to the deterioration in the housing market and related turmoil in the capital markets and change in the credit cycle,” Mr. Wells observed. “That said, we remain encouraged by the underlying strength in key product areas and by the progress of our ongoing drive to enhance productivity and efficiency across the Company.”
During the quarter, the Company recognized approximately $161 million in net valuation losses. The net losses pertained primarily to mark-to-market valuations on loan warehouses and trading assets and liabilities carried at fair value. Most of the losses are unrealized, and the Company continues to evaluate alternatives in order to maximize the economic value of these assets. The after-tax earnings impact of the $161 million in net valuation losses was $0.28 per diluted common share.
The Company also incurred $45 million in severance costs during the quarter. The severance costs are for employees impacted by the elimination of 2,400 jobs during 2007 and 2008. Approximately 1,000 employees were notified of position eliminations in late August. These positions were eliminated as part of the organization review aspect of the Company’s broad-based E 2 Efficiency and Productivity Program.

Third Quarter 2007 Consolidated Highlights:

   	  	3rd Quarter
2007	 	 	3 rd  Quarter
2006	 	 	%
Change	 	
 			 	
Income Statement	  				 				 		 	
(Dollars in millions, except per share data)	  				 				 		 	
Net income available to common shareholders	  	$	412.6	 	 	$	535.6	 	 	(23	)%	
Net income available to common shareholders excluding severance charge	  	 	440.5	 	 	 	535.6	 	 	(18	)%	
Net income per average common diluted share	  	 	1.18	 	 	 	1.47	 	 	(20	)%	
Net income per average common diluted share excluding severance charge	  	 	1.26	 	 	 	1.47	 	 	(14	)%	
Revenue – fully taxable-equivalent	  	 	2,038.4	 	 	 	2,032.8	 	 	—	  %	
Provision for loan losses	  	 	147.0	 	 	 	61.6	 	 	139	%	
Noninterest income	  	 	819.1	 	 	 	858.9	 	 	(5	)%	
Noninterest expense	  	 	1,291.2	 	 	 	1,205.5	 	 	7	%	
Noninterest expense excluding severance charge	  	 	1,246.2	 	 	 	1,205.5	 	 	3	%	
Net interest margin	  	 	3.18	%	 	 	2.93	%	 		 	
Efficiency ratio	  	 	63.35	%	 	 	59.30	%	 		 	
Efficiency ratio excluding severance charge	  	 	61.14	%	 	 	59.30	%	 		 	
 			 	
Balance Sheet	  				 				 		 	
(Dollars in billions)	  				 				 		 	
Average loans	  	$	119.6	 	 	$	120.7	 	 	(1	)%	
Average consumer and commercial deposits	  	 	96.7	 	 	 	97.6	 	 	(1	)%	
 			 	
Capital	  				 				 		 	
Tier 1 capital ratio (1) 	  	 	7.45	%	 	 	7.70	%	 		 	
Total average shareholders’ equity to total average assets	  	 	10.05	%	 	 	9.78	%	 		 	
Tangible equity to tangible assets	  	 	6.32	%	 	 	6.42	%	 		 	
 			 	
Asset Quality	  				 				 		 	
Net charge-offs to average loans (annualized)
Nonperforming loans to total loans	  	 
 	0.34
0.83	%
%	 	 
 	0.12
0.48	%
%	 		 	
 		 	
(1)  Current period Tier 1 capital ratio is estimated as of the earnings release date.	    	 	 	 	 	 	 	 	
 
 	•	 	Net income available to common shareholders decreased 23% and net income per average common diluted share decreased 20% from the third quarter of 2006 due to lower noninterest income related to net valuation losses recognized primarily on loan warehouses and trading assets carried at fair value and higher provision for loan losses.	
 	•	 	Fully taxable-equivalent revenue was flat compared to the third quarter of 2006, as net interest income growth was offset by the decline in noninterest income.	
 	•	 	Fully taxable-equivalent net interest income increased 4% from the third quarter of 2006. Net interest margin for the third quarter of 2007 was 3.18%, a 25 basis point improvement from the third quarter of 2006. The increase in net interest margin was largely the result of balance sheet management strategies executed in the first and second quarters of 2007.	
 	•	 	Noninterest income declined 5% from the third quarter of 2006, driven primarily by the mark-to-market losses on loan warehouses and trading assets carried at fair value. The impact of these unrealized valuation losses was partially offset by growth in service charges on deposit accounts, retail investment services, and mortgage servicing income.	
 	•	 	Noninterest expense increased 7% from the third quarter of 2006, driven by $49.5 million in net initial implementation costs associated with the E 2 initiatives, approximately $32 million resulting from the Company’s election to record at fair value certain newly-originated mortgage loans held for sale, a $33.6 million decrease in the accrued liability associated with a capital instrument that the Company intends to call and replace in the fourth quarter, and a $9.8 million charge resulting from the early extinguishment of debt. Excluding the impact of these third quarter of 2007 items, noninterest expense grew approximately 2.6%, driven primarily by increased operating losses.	

 	•	 	Total average loans and total average consumer and commercial deposits decreased 1% from the third quarter of 2006. The decline in average loans was due to loan sales associated with specific balance sheet	
 
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management strategies that began in the second quarter of 2006 and were accelerated in the first half of 2007. The decline in average consumer and commercial deposits was driven mainly by declines in demand deposit, money market, and savings account balances.
 	•	 	The estimated Tier 1 capital, total average shareholders’ equity to total average assets, and tangible equity to tangible asset ratios were 7.45%, 10.05%, and 6.32%, respectively. The Company maintains a Tier 1 capital ratio target of 7.5%.	
 	•	 	Given the flexibility gained through the capital restructuring program and balance sheet management strategies executed in the first half of 2007, the Company repurchased 10.2 million shares of common stock for approximately $850 million through an accelerated share repurchase agreement and open-market purchases year-to-date.	
 	•	 	Annualized net charge-offs were 0.34% of average loans for the third quarter of 2007, up from 0.12% of average loans in the third quarter of 2006 and 0.30% of average loans in the second quarter of 2007. The increase reflects the change in the credit cycle from the historically low net charge-offs experienced in the first nine months of 2006 and the negative impact from deterioration in certain segments of the consumer and residential real estate market. The increase in net charge-offs from the third quarter of 2006 was most pronounced in the home equity, residential mortgage, and commercial categories, though the increase in commercial was primarily related to a single borrower.	
 	•	 	Nonperforming loans to total loans increased to 0.83% as of September 30, 2007, from 0.48% as of September 30, 2006, due mainly to an increase in residential mortgage and real estate construction nonperforming loans. The increase in residential mortgage nonperforming loans was driven by the maturation of this portfolio and the deterioration of credit quality in Alt-A mortgage loans and home equity lines, of which the majority are well-collateralized or insured. The increase in real estate construction nonperforming loans is reflective of the overall weakening of the housing market.	
CONSOLIDATED FINANCIAL PERFORMANCE
Revenue
Fully taxable-equivalent revenue was $2,038.4 million for the third quarter of 2007, which was flat compared to the third quarter of 2006, driven by net interest income growth that offset the decline in noninterest income. On a sequential annualized basis, fully taxable-equivalent revenue decreased 57% from the second quarter of 2007. Excluding securities gains and losses including the sale of The Coca-Cola Company stock in May 2007, fully taxable-equivalent revenue decreased 19% from the second quarter of 2007 on a sequential annualized basis primarily due to approximately $161 million of net valuation losses incurred in the third quarter of 2007.
For the nine months ended September 30, 2007, fully taxable-equivalent revenue was $6,480.1 million, up 5% from the same period in 2006. Excluding securities gains and losses and the net gain on sale of the Bond Trustee business, fully taxable-equivalent revenue was up 2% from the nine months ended September 30, 2006, due to modest growth in both net interest income and noninterest income.
Net Interest Income
Fully taxable-equivalent net interest income was $1,219.2 million in the third quarter of 2007, an increase of 4% from the third quarter of 2006. Net interest margin for the third quarter of 2007 was 3.18%, a 25 basis point improvement from the third quarter of 2006. On a sequential annualized basis, fully taxable-equivalent net interest income was flat compared to the second quarter of 2007. However, net interest margin increased 8 basis points from the second quarter of 2007, marking the third consecutive 8 basis point sequential quarter improvement. The continued improvement in net interest margin was driven mainly by balance sheet management strategies executed in the first half of this year, which has resulted in improved yields on earning assets, as well as de-leveraging the balance sheet and reducing the level of higher-cost wholesale funding. Average earning asset yields increased 8 basis points compared to the
 
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second quarter of 2007, while average interest bearing liability costs declined 1 basis point resulting in a 9 basis point increase in the interest rate spread.
For the nine months ended September 30, 2007, fully taxable-equivalent net interest income was $3,627.5 million, up 2% from the same period in 2006. Net interest margin for the nine months ended September 30, 2007 was 3.10%, an 8 basis point improvement over the same period in 2006. The improvement in fully taxable-equivalent net interest income and net interest margin over this period is mainly attributable to balance sheet management strategies executed this year.
Noninterest Income
Total noninterest income was $819.1 million for the third quarter of 2007, down 5% from the third quarter of 2006. The third quarter of 2006 included a $112.8 million gain, net of related expenses, on the sale of the Bond Trustee business, as well as $91.8 million in net securities losses resulting from the restructuring of a portion of the securities portfolio. The net impact of these transactions was a positive $21.0 million to total noninterest income in the third quarter of 2006. The other significant driver of the decline in noninterest income was the market value losses recognized on loan warehouses and trading assets carried at fair value. Specifically, in the third quarter of 2007, the Company incurred a net negative mark-to-market adjustment of approximately $161 million driven by market value declines in securitization warehouses, trading assets, and mortgage loans held for sale, as well as a positive mark on long-term corporate debt carried at fair value. The net impact of these adjustments caused a decline in trading account profits and commissions compared to the third quarter of 2006. However, trading account profits and commissions was positively impacted by stronger customer related trading activities, primarily derivatives. The negative market value losses recognized on mortgage loans held for sale was the key driver of the 74% decline in mortgage production income. The decline in mortgage production income was partially offset by the Company’s second quarter of 2007 election to record at fair value certain newly-originated mortgage loans held for sale, resulting in loan fees being recognized at time of origination rather than deferred and recognized as part of the gain/loss on sale.
Partially offsetting these reductions to noninterest income was growth in several areas, including trust and investment management income, service charges on deposit accounts, retail investment services, other charges and fees, card fees, and mortgage servicing-related income. Trust and investment management income grew 1% compared to the third quarter of 2006; however, this growth rate was negatively impacted by the merger of Lighthouse Partners into Lighthouse Investment Partners in the first quarter of 2007 and the sale of the Bond Trustee business in the third quarter of 2006. Growth in retail investment services income of 28% was driven by strong annuity sales. Growth in card fees of 9% was due to higher interchange fees. Growth in mortgage servicing income of 56% was primarily due to a larger servicing portfolio.
For the nine months ended September 30, 2007, noninterest income was $2,852.7 million, an increase of 10% from the same period in 2006. Excluding securities gains and losses and the net gain on sale of the Bond Trustee business, noninterest income increased 2% compared to the nine months ended September 30, 2006. The factors contributing to the growth were similar to those noted for the growth over the same quarter of last year.
Noninterest Expense
Total noninterest expense in the third quarter of 2007 was $1,291.2 million, up 7% from the third quarter of 2006. The third quarter of 2007 expense level was impacted by the following items:
 
 	•	 	$49.5 million increase resulting from initial implementation costs associated with the E 2 initiatives incurred in the third quarter of 2007, of which $45.0 million was due to severance charges associated with the organizational review component of the Company’s E 2 Efficiency and Productivity Program. These initiatives generated $59.5 million of cost saves in the third quarter of 2007 and $140.1 million of cost saves thus far in 2007.	
 
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 	•	 	Approximately $32 million increase in compensation expense related to the Company’s election to record at fair value certain newly-originated mortgage loans held for sale. Under this election, costs associated with the origination of mortgage loans held for sale are recognized as a component of compensation expense when the loan is originated. Prior to the fair value election, these costs were deferred and recognized as part of the gain/loss on sale of the loan.	
 	•	 	$33.6 million decrease in the accrued liability associated with a capital instrument that the Company intends to call and replace in the fourth quarter.	
 	•	 	$9.8 million increase in other expense for the loss on early retirement of fixed rate debt that was carried at cost. The debt was not part of the Company’s fair value election as the interest on the debt was not being hedged.	
Excluding the impact of the above items, expense growth was approximately 2.6% in the third quarter of 2007 relative to the same quarter last year, demonstrating the impact the E 2 initiatives had on controlling expense growth. This incremental expense growth was driven by a $42.2 million increase in operating losses primarily related to application fraud associated with mortgage loans.
For the nine months ended September 30, 2007, noninterest expense was $3,778.4 million, an increase of 4% compared to the same period in 2006. The factors impacting noninterest expense were similar to those noted for the growth over the same quarter of last year. Please refer to the Third Quarter 2007 Earnings Presentation for further information on year-to-date expense growth.
Balance Sheet
As of September 30, 2007, SunTrust had total assets of $175.9 billion. Shareholders’ equity of $17.9 billion as of September 30, 2007, represented 10% of total assets. Book value per common share was $50.01 as of September 30, 2007.
Loans
Average loans for the third quarter of 2007 were $119.6 billion, down $1.2 billion, or 1%, from the third quarter of 2006. The decline was due to balance sheet management strategies implemented since the second quarter of 2006 and accelerated in the first half of 2007. The strategies resulted in the sale of nearly $10 billion in loans over the past year, primarily comprised of mortgage, student, and corporate loans. Taking into account these loan sales, the Company had underlying loan growth across most categories. Compared to the second quarter of 2007, average loans were up $1.4 billion, or 5% on a sequential annualized basis, primarily driven by commercial loan growth.
Deposits
Average consumer and commercial deposits for the third quarter of 2007 were $96.7 billion, down 1% from the third quarter of 2006. The decrease in deposits was driven by declines in demand deposit, money market, and savings account balances. Given the higher-rate environment as compared to 2006, customer preference has been for higher-yielding products. This demand has driven the continuation of the deposit mix shift away from lower-rate products, such as demand deposits, toward higher-rate products, such as time deposits, the Company’s Signature Advantage deposit product, or other alternative investment products with higher rates. The alternative investment products include securities sold under agreements to repurchase and off-balance sheet products, such as STI Classic money market mutual funds. Total brokered and foreign deposits declined 24% from the third quarter of 2006, as the Company strategically reduced the size of its loan and securities portfolios thereby reducing reliance on these higher cost funding sources.
On a sequential annualized basis, average consumer and commercial deposits decreased 5% from the second quarter of 2007, driven by a 17% sequential annualized decrease in demand deposits. The third quarter is typically the weakest growth quarter of the year due to seasonality. The Company continues to aggressively pursue deposit growth initiatives.
 
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Capital
The estimated Tier 1 capital and tangible equity to tangible asset ratios at September 30, 2007 were 7.45% and 6.32%, a decline of 25 and 10 basis points, respectively, compared to September 30, 2006. In the second half of 2006, the Company executed a capital restructuring program and established a Tier 1 capital ratio target of 7.5%. Given the flexibility gained through the capital restructuring program and balance sheet management strategies, the Company repurchased 8.7 million shares of common stock for approximately $850 million through an accelerated share repurchase agreement and open-market purchases during the second quarter of 2007. Upon expiration of the accelerated share repurchase agreement, which resulted in the repurchase of 8.0 million shares in the second quarter, the Company received, without additional payment, an additional 1.5 million shares in the third quarter. As a result, year-to-date the Company has repurchased approximately 10.2 million shares.
Asset Quality
Annualized net charge-offs in the third quarter of 2007 were 0.34% of average loans, up from 0.12% in the third quarter of 2006 and 0.30% in the second quarter of 2007. Net charge-offs were $103.7 million in the third quarter of 2007, as compared to $36.1 million in the third quarter of 2006 and $88.3 million in the second quarter of 2007. The increase in net charge-offs over the third quarter of 2006 reflects the change in the credit cycle from historically low net charge-offs experienced in the first nine months of 2006 and the negative impact from deterioration in certain segments of the consumer and residential real estate market. The increase in net charge-offs from the third quarter of 2006 was most pronounced in the home equity, residential mortgage, and commercial categories, though the increase in commercial was primarily related to a single borrower. The increase compared to the second quarter of 2007 was most pronounced in the home equity and indirect consumer categories.
Nonperforming loans were $1,003.8 million, or 0.83% of total loans as of September 30, 2007, compared to $585.4 million, or 0.48% of total loans as of September 30, 2006 and $764.6 million, or 0.64% of total loans as of June 30, 2007. The increase in nonperforming loans compared to both periods was mainly due to an increase in residential mortgage and real estate construction nonperforming loans. The increase in residential mortgage nonperforming loans was driven by the maturation of this portfolio and the deterioration of credit quality in Alt-A mortgage loans and home equity lines, of which the majority is well-collateralized or insured. The increase in real estate construction nonperforming loans is reflective of the overall weakening of the housing market.
The allowance for loan and lease losses increased $43.3 million from June 30, 2007 to $1,093.7 million as of September 30, 2007. The increase in the allowance for loan and lease losses was attributable to a $2.0 billion increase in period-end loans compared to June 30, 2007 and the deterioration in certain segments of the consumer and residential real estate market, and resulted in a $42.3 million increase in provision for loan losses compared to the second quarter of 2007. The allowance for loan and lease losses as of September 30, 2007 represented 0.91% of period-end loans compared to 0.88% as of June 30, 2007. The allowance for loan and lease losses as of September 30, 2007 represented 109% of period-end nonperforming loans.
LINE OF BUSINESS FINANCIAL PERFORMANCE
The following discussion details results for SunTrust’s five business lines: Retail, Commercial, Corporate and Investment Banking, Mortgage, and Wealth and Investment Management. All revenue is reported on a fully taxable-equivalent basis. For the lines of business, results include net interest income which is computed using matched-maturity funds transfer pricing. Further, provision expense is represented by net charge-offs.
SunTrust also reports results for Corporate Other and Treasury, which includes the Treasury department as well as the residual expense associated with operational and support expense allocations. This segment also includes differences created between internal management accounting practices and Generally Accepted Accounting Principles, certain matched-maturity funds transfer pricing credits and
 
6

charges, differences in provision expense compared to net charge-offs, as well as equity and its related impact.
Retail
							
preliminary data
(in millions)	  	3rd Quarter
2007	  	3rd Quarter
2006	  	%
Change	
Net income	  	$153.0	  	$180.9	  	(15) %	
 			 	
Revenue - fully taxable-equivalent	  	856.8	  	852.2	  	1    	
 			 	
Average total loans	  	32,065.8	  	30,834.6	  	4     	
 			 	
Average total deposits	  	67,401.6	  	69,660.0	  	(3)    	
Three Months Ended September 30, 2007 vs. 2006
Retail’s net income for the third quarter of 2007 was $153.0 million, a decrease of $27.9 million, or 15%, compared to the third quarter of 2006. This decrease was primarily the result of higher provision expense and lower net interest income, partially offset by higher noninterest income.
Net interest income declined $10.5 million, or 2%, driven by a $2.3 billion, or 3%, decline in average deposits. Deposit spreads improved slightly despite the continued trend in customer preference towards higher-yielding deposit products. Specifically, increases in higher-cost NOW account products were offset by declines in lower-cost money market and demand deposit products. Total average loans increased $1.2 billion, or 4%, driven by growth in home equity, business banking, and newly-originated student loans. Retail continued to decrease its exposure to relatively low spread student consolidation loans where loans held for sale average balances declined $304 million, or 40%.
Provision for loan losses increased $45.3 million reflecting normalization of the credit cycle from historically low levels, as well as additional negative impact from the current deterioration in certain segments of the consumer portfolio, primarily related to the residential real estate market. The provision increase was most pronounced in the home equity and indirect auto products but also increased for commercial loans.
Total noninterest income increased $15.2 million, or 6%, from the third quarter of 2006. This increase was driven primarily by an 11% increase in service charges on deposit accounts from both consumer and business clients. Interchange and ATM fees also grew. Partially offsetting the fee income growth was a decrease in gains on sales of student loans.
Total noninterest expense increased $4.0 million, or less than 1%, from the third quarter of 2006. Increases in personnel expense related to investments in the branch distribution network and business banking were offset by a decrease in shared corporate expense allocations.
Nine Months Ended September 30, 2007 vs. 2006
Retail’s net income for the nine months ended September 30, 2007 was $475.6 million, a decrease of $63.5 million, or 12%, compared to the same period in 2006. The decrease was primarily the result of higher provision expense and lower net interest income, partially offset by higher noninterest income.
Net interest income decreased $21.1 million, or 1%, driven by the continued shift in deposit mix to higher-rate deposit products resulting in compressed spreads. Average deposits decreased $342.9 million, less than 1%, as increases in higher-cost time deposits and certain NOW account products were offset by declines in lower-cost money market and demand deposit balances. Net interest income from deposits decreased only 2% despite the shift to higher cost deposit products. Net interest income was also negatively impacted by a $768 million, or 55%, decrease in average loans held for sale, as Retail has decreased its exposure to relatively low spread student consolidation loans. Positively impacting net interest income was a $791 million, or 3%, increase in average loans driven by growth in home equity loans and business banking loans. These increases were partially offset by a decrease in indirect auto loans, direct installment, and newly-originated student loans.
 
7

Provision for loan losses increased $100.3 million reflecting normalization of the credit cycle from historically low levels and deterioration in certain segments of the consumer portfolio, primarily related to the residential real estate market. The increase was most pronounced in home equity and indirect auto products.
Total noninterest income increased $18.6 million, or 2%. The increase was due to growth in service charges on deposit accounts driven by higher consumer and business client fees. Interchange income also grew driven by higher transaction volumes. These increases were partially offset by a decrease in gains on sales of student loans.
Total noninterest expense was flat compared to the same period in 2006. Decreases in amortization of core deposit intangibles and new loan production expense were partially offset by an increase in personnel expense related to investments in the branch distribution network and business banking.
Commercial
							
preliminary data
(in millions)	  	3rd Quarter
2007	  	3rd Quarter
2006	  	%
Change	
Net income	  	$105.0	  	$109.1	  	(4) %	
 			 	
Revenue - fully taxable-equivalent	  	302.4	  	312.1	  	(3)    	
 			 	
Average total loans	  	33,016.6	  	32,985.9	  	–     	
 			 	
Average total deposits	  	14,031.7	  	13,601.1	  	5     	
Three Months Ended September 30, 2007 vs. 2006
Commercial’s net income for the third quarter of 2007 was $105.0 million, a decrease of $4.1 million, or 4%. The decrease was primarily the result of lower net interest income partially offset by higher noninterest income.
Net interest income decreased $14.1 million, or 6%. Although average deposits increased $430.6 million, or 3%, the continued shift in deposit mix to higher-rate deposit products decreased net interest income by $6.1 million. This compression in deposit spreads was primarily due to a decrease in demand deposits, as customers redeployed liquidity in the current rate environment to higher-yielding NOW accounts and off balance sheet sweep products. The increase in average deposits was driven by increases in institutional and government deposits, partially offset by decreases in lower-cost demand deposits and money market accounts. Average loans were relatively flat, increasing $30.8 million, while net interest income decreased $8.2 million, or 5%. While commercial domestic loan spreads were up slightly, commercial real estate spreads decreased.
Provision for loan losses was $3.0 million, an increase of $1.3 million compared to the third quarter of 2006.
Total noninterest income increased $4.5 million, or 6%, driven by increases in service charges on deposit accounts and higher referral revenues from the BankCard, equipment leasing, and capital markets products, partially offset by a decrease in business credit card income.
Total noninterest expense was relatively flat, increasing $0.8 million. Decreases in staff expense, credit and collection services, and shared corporate expense were more than offset by increased Affordable Housing- related expenses.
Nine Months Ended September 30, 2007 vs. 2006
Commercial’s net income for the nine months ended September 30, 2007 was $303.9 million, a decrease of $14.8 million, or 5%. The decrease was primarily driven by a decline in net interest income and higher provision expense, partially offset by higher noninterest income and lower noninterest expense.
Net interest income decreased $32.5 million, or 5%. Although average deposits increased $527.7 million, or 4%, the continued shift in deposit mix to higher-rate deposit products decreased net interest income $26.9 million. This compression in deposit spreads was primarily due to a decrease in demand
 
8

deposits, as customers redeployed liquidity in the current rate environment to higher-yielding NOW accounts and off balance sheet sweep products. The increase in average deposits was driven by increases in institutional and government deposits, partially offset by decreases in lower-cost demand deposits and money market accounts. Average loans increased $565.0 million, or 2%, while net interest income decreased $4.5 million, or 1%. While commercial loan spreads were up slightly, commercial real estate spreads decreased.
Provision for loan losses increased $6.5 million compared to the same period in 2006.
Total noninterest income increased $7.8 million, or 4%, driven by increases in service charges on deposit accounts and higher referral revenues from the BankCard and capital markets products, partially offset by a decrease in business credit card income.
Total noninterest expense decreased $3.4 million, or 1%. Decreases in credit and collection services expense, various discretionary expenses, and shared  corporate expenses were partially offset by increased Affordable Housing-related expenses.
Corporate and Investment Banking
							
preliminary data
(in millions)	  	3rd Quarter
2007	  	3rd Quarter
2006	  	%
Change	
Net income	  	$(14.2)	  	$45.1	  	NM %	
 			 	
Revenue - fully taxable-equivalent	  	100.8	  	195.6	  	(48)    	
 			 	
Average total loans	  	15,959.1	  	16,693.4	  	(4)     	
 			 	
Average total deposits	  	3,462.2	  	2,885.3	  	20     	
“NM”—Not meaningful
Three Months Ended September 30, 2007 vs. 2006
Corporate and Investment Banking had a net loss of $14.2 million for the third quarter of 2007, a decrease of $59.2 million compared to the prior year. The decrease was driven by write-downs and losses primarily in securitization warehouses due to capital markets volatility associated with turmoil in the mortgage industry, lack of loan liquidity, and widening credit spreads.
Net interest income was relatively flat, decreasing $0.2 million. Average loan balances decreased $734.3 million, or 4%, while the corresponding net interest income increased 1% due to a 5 basis point increase in spreads. The decline in balances was driven by a $1.9 billion structured asset sale of corporate loans in the first quarter of 2007, partially offset by growth in corporate banking loans and lease financing assets. Total average deposits were up $576.9 million, or 20%, while net interest income was down $0.2 million. This increase in balances was primarily in higher cost money market accounts.
Provision for loan losses was $13.6 million, an increase of $7.8 million from the same period in 2006.
Total noninterest income decreased $94.6 million, or 67%. The decrease was primarily driven by write-downs and losses of approximately $121 million in collateralized debt obligations, mortgage-backed securities and collateralized loan obligation warehouses carried at fair value. Partially offsetting these losses were record performances in derivatives, structured leasing, and tax-exempt underwriting revenues, up 115%, 216%, and 42%, respectively.
Total noninterest expense decreased $8.3 million, or 7%, driven primarily by lower incentive-based compensation expense tied to revenue.
Nine Months Ended September 30, 2007 vs. 2006
Corporate and Investment Banking’s net income for the nine months ended September 30, 2007 was $99.0 million, a decrease of $66.6 million, or 40%. The decrease was driven by write-downs and losses primarily in securitization warehouses due to capital markets volatility created by turmoil in the mortgage industry, lack of loan liquidity, and widening credit spreads. In addition, higher provision for loan losses expense and lower net interest income contributed to the decline.
 
9

Net interest income decreased $15.2 million, or 8%. Average loan balances decreased $541.0 million, or 3%, while spreads declined 10 basis points resulting in a 13% decrease in loan related net interest income. The decline in balances was driven by a $1.9 billion structured asset sale of corporate loans in the first quarter of 2007, partially offset by growth in the corporate banking loans and lease financing assets. Total deposits were down $168.5 million, or 5%, driven by a decline in corporate demand deposit balances. Deposit related net interest income was down $3.8 million, or 8%, as deposit spreads dropped 21 basis points due to a shift to higher cost money market accounts. Partially offsetting these declines was improved net interest income on investments due to higher balances and favorable spreads.
Provision for loan losses was $30.4 million increasing from $5.0 million in the same period of 2006.
Total noninterest income decreased $65.5 million, or 14%. The decrease was primarily driven by write-downs and losses of approximately $134 million in collateralized debt obligations, mortgage-backed securities, and collateralized loan obligation warehouses carried at fair value, most of which occurred during the third quarter of 2007. Additional weakness in fixed income trading, equity offerings, loan related fees, and M&A was partially offset by strong performance in bond originations, corporate loan syndications, derivatives, and structured leasing.
Total noninterest expense decreased $0.1 million, driven by lower compensation expense resulting from lower revenue and lower shared corporate expenses, offset by the reversal of leveraged lease expense in the second quarter of 2006, increased salary expense, and higher outside processing expenses.
Mortgage
							
preliminary data
(in millions)	  	3rd Quarter
2007	  	3rd Quarter
2006	  	%
Change	
Net income	  	$(12.0)	  	$64.2	  	NM %	
 			 	
Revenue - fully taxable-equivalent	  	221.5	  	253.6	  	(13)    	
 			 	
Average total loans	  	30,084.2	  	31,619.8	  	(5)     	
 			 	
Average total deposits	  	2,322.9	  	1,998.8	  	16     	
“NM” – Not meaningful
Three Months Ended September 30, 2007 vs 2006
Mortgage had a net loss of $12.0 million for the third quarter of 2007, a decrease in net income of $76.2 million. The decline was primarily a result of net valuation losses on the mortgage warehouse driven by mortgage spread widening and credit-related losses resulting from turmoil in the mortgage markets. Mortgage experienced approximately $88 million in losses from mortgage spread widening in the third quarter of 2007.
Net interest income decreased $23.9 million, or 15%. The decline was driven by decreases in average loans held for investment and average loans held for sale at compressed spreads, partially offset by higher investment securities balances. Average loans, primarily consumer mortgages and residential construction loans, declined $1.5 billion, or 5%, and resulted in a reduction in net interest income of $19.4 million. The decline in loans was a result of balance sheet management strategies initiated in the second half of 2006 and accelerated in the first half of 2007. Average loans held for sale declined $0.5 billion. The balance decline in conjunction with compressed spreads reduced net interest income $12.3 million. Offsetting these reductions was an increase in average investment securities of $4.0 billion which contributed $8.0 million to the change in net interest income.
Provision for loan losses increased $11.0 million to $11.7 million driven by higher consumer mortgage charge-offs.
Total noninterest income declined $8.2 million, or 8%, due to lower production income partially offset by higher servicing income. Total loan production of $12.6 billion was down $1.1 billion, or 8%, from the third quarter 2006. Production income declined $29.3 million, or 60%, due to net valuation losses caused by spread widening in mortgage markets partially offset by the recognition of loan origination fees resulting from the Company’s election to record certain mortgage loans at fair value beginning in May 2007. Mortgage servicing income was up $20.5 million, or 56%, principally due to higher fee income derived
 
10

from a larger servicing portfolio. At September 30, 2007, total loans serviced were $149.9 billion, up 20% from $124.8 billion at September 30, 2006.
Total noninterest expense was up $81.3 million, or 53%. The major drivers of the higher expense were a $35.0 million increase in operating losses, primarily due to loan application fraud related to customer misstatements of income and/or assets on Alt-A products originated in prior periods, and the recognition of loan origination costs resulting from the Company’s election to record certain mortgage loans at fair value in May 2007. The remaining increase was driven by other credit-related and growth- related costs.
Nine Months Ended September 30, 2007 vs 2006
Mortgage’s net income for the nine months ended September 30, 2007 was $37.6 million, a decline of $166.2 million, or 82%. The decline was a result of net valuation losses on the mortgage warehouse driven by mortgage spread widening and credit-related losses resulting from turmoil in the mortgage markets. Additionally, lower secondary marketing margins and higher growth and volume-related expense were partially offset by higher servicing income. Mortgage experienced approximately $88 million in losses from mortgage spread widening in the third quarter of 2007.
Net interest income declined $55.9 million, or 12%, principally due to declines in income on loans held for investment and loans held for sale at lower spreads, partially offset by increased income on deposits and investment securities. Total average loans were down $0.2 billion. The volume decline in conjunction with lower spreads resulted in a $36.5 million decline in net interest income. Loans held for sale increased $1.8 billion, however, compressed spreads resulted in a decline in net interest income of $31.8 million. Additionally, mortgage servicing rights increased $0.2 billion and combined with increased funding costs resulted in a $12.3 million decline in net interest income. Deposits were up $0.4 billion due to higher escrow balances and contributed $16.5 million to the change in net interest income. Investment securities were up $2.6 billion positively impacting the change in net interest income by $5.5 million.
Provision for loan losses was $35.0 million an increase of $29.3 million driven by higher consumer mortgage charge-offs.
Total noninterest income declined $53.5 million, or 17%, driven by lower production income that was partially offset by higher servicing income and other miscellaneous income. Total production of $45.4 billion was up $5.1 billion, or 13%, over the prior year. Production income declined $100.5 million due to narrower secondary marketing margins, as well as net valuation losses on the mortgage warehouse resulting from mortgage spread widening and credit-related charges. The decline in production income was partially offset by the recognition of loan origination fees resulting from the Company’s election to record certain mortgage loans at fair value in May of 2007. Total servicing income was up $25.1 million, or 23%, principally due to higher servicing balances and lower mortgage servicing rights amortization, partially offset by lower gains on sales of mortgage servicing rights. Other income was up $21.9 million due to increases in insurance income and trading account income. At September 30, 2007, total loans serviced were $149.9 billion, up 20% from $124.8 billion at September 30, 2006.
Total noninterest expense increased $132.0 million, or 29%. The major drivers of the higher expense were a $54.4 million increase in operating losses, primarily due to loan application fraud related to customer misstatements of income and/or assets on Alt-A products originated in prior periods, and the recognition of loan origination costs resulting from the Company’s election to record certain mortgage loans at fair value beginning in May 2007. The remaining increase was driven by other credit-related and growth-related costs.
 
11

Wealth and Investment Management
							
preliminary data
(in millions)	  	3rd Quarter
2007	  	3rd Quarter
2006	  	%
Change	
Net income	  	$60.4	  	$123.2	  	(51) %	
 			 	
Revenue - fully taxable-equivalent	  	343.1	  	447.8	  	(23)    	
 			 	
Average total loans	  	7,848.9	  	8,128.0	  	(3)     	
 			 	
Average total deposits	  	9,608.3	  	9,534.1	  	1     	
Three Months Ended September 30, 2007 vs. 2006
Wealth and Investment Management’s net income for the third quarter of 2007 was $60.4 million, a decrease of $62.8 million, or 51%. The decrease was primarily due to the $69.9 million after-tax gain on sale of the Bond Trustee business in the third quarter of 2006. Excluding the gain on sale of the Bond Trustee business, net income increased $7.1 million or 13%. The increase was primarily driven by strong growth in retail investment income and lower noninterest expenses. These benefits were partially offset by the impact of the merger of Lighthouse Partners into Lighthouse Investment Partners in the first quarter of 2007, the loss of trust revenue due to the sale of the Bond Trustee business, and lower net interest income.
Net interest income decreased $7.2 million, or 8%, primarily due to a shift in deposit mix to higher cost deposits. Average deposits increased $0.1 billion, or 1%, due to an increase in higher-cost NOW accounts and time deposits, partially offset by declines in lower-cost demand and money market deposits resulting in a $4.8 million decrease in net interest income. Average loans decreased $0.3 billion, or 3%, reducing net interest income $2.2 million. The decline in average loans was driven by lower consumer mortgage and commercial lending balances, partially offset by growth in personal credit lines.
Provision for loan losses increased $1.2 million primarily due to higher home equity net charge-offs.
Total noninterest income decreased $97.4 million, or 27%, primarily driven by the $112.8 million third quarter 2006 gain on sale of the Bond Trustee business and the resulting loss in trust revenue. Despite lost trust revenue from the Lighthouse Partners merger in the first quarter of 2007 and the Bond Trustee sale, total trust income rose $1.4 million, or 1%. Retail investment income increased $15.4 million, or 28%, with particularly strong growth in annuity sales.
Total noninterest expense decreased $5.5 million, or 2%. Higher compensation expense related to retail investment sales was more than offset by decreases in discretionary expense, lower Lighthouse related expense, and a reduction in shared corporate expenses.
End of period assets under management were approximately $142.9 billion compared to $138.6 billion as of the same period last year. Approximately $5.4 billion in Lighthouse Partners assets were merged into Lighthouse Investment Partners and are not included in the September 30, 2007 total. Assets under management include individually managed assets, the STI Classic Funds, institutional assets managed by Trusco Capital Management, and participant-directed retirement accounts. SunTrust’s total assets under advisement were approximately $253.0 billion, which includes $142.9 billion in assets under management, $59.3 billion in non-managed trust assets, $42.4 billion in retail brokerage assets, and $8.5 billion in non-managed corporate trust assets.
Nine Months Ended September 30, 2007 vs. 2006
Wealth and Investment Management’s net income for the nine months ended September 30, 2007 was $181.5 million, a decrease of $46.5 million, or 20%. The decrease was primarily due to the $69.9 million after-tax gain on sale of the Bond Trustee business in the third quarter of 2006. Excluding the gain on sale of the Bond Trustee business, net income increased $23.4 million, or 15%, and was driven by an after-tax gain on sale upon merger of Lighthouse Partners into Lighthouse Investment Partners of $20.2 million and increased retail investment income, partially offset by lower net interest income and higher noninterest expenses.
 
12

Net interest income decreased $12.5 million, or 5%, as the continued shift in deposit mix to higher cost products compressed spreads. Average deposits increased $0.5 billion, or 5%, due to increases in higher-cost NOW account products and time deposit balances, partially offset by decreases in lower-cost demand and money market deposits which reduced deposit spreads 27 basis points and net interest income $10.0 million. Average loans decreased $0.1 billion, or 1%, resulting in a $3.2 million decline in net interest income. The decline in average loans was driven by lower consumer mortgages and commercial loans, partially offset by growth in personal credit lines.
Provision for loan losses increased $4.2 million primarily due to higher home equity and personal credit lines net charge-offs.
Total noninterest income decreased $53.3 million, or 6%, primarily driven by the $112.8 million gain on sale of the Bond Trustee business in the third quarter of 2006. Excluding this gain, noninterest income increased $59.5 million, due to a $32.3 million gain on sale upon merger of Lighthouse Partners, as well as strong growth in retail investment income which increased $37.4 million, or 23%, mainly due to increased annuity sales. Negatively impacting noninterest income was the loss of trust revenues from the Lighthouse Partners merger and sale of the Bond Trustee business.
Total noninterest expense increased $5.9 million, or 1%. Growth was primarily attributable to increases in staff and intangible  amortization expenses, partially offset by a decrease in shared corporate expenses.
Corporate Other and Treasury
							
preliminary data
(in millions)	  	3rd Quarter
2007	  	3rd Quarter
2006	  	%
Change	
Net income	  	$127.9	  	$13.2	  	NM %	
 			 	
Average securities available for sale	  	14,935.9	  	23,869.1	  	(37)     	
“NM” – Not meaningful
Three Months Ended September 30, 2007 vs. 2006
Corporate Other and Treasury’s net income for the third quarter of 2007 was $127.9 million, an increase of $114.7 million compared to the third quarter of 2006. The increase was mainly driven by higher net interest income due to balance sheet management strategies executed in the first half of the year, an increase in noninterest income due to securities losses incurred in the third quarter of 2006, and net valuation gains recorded on securities and long-term corporate debt carried at fair value.
Net interest income increased $101.3 million mainly due to the execution of balance sheet management strategies which improved the yield on the securities portfolio and deleveraged the balance sheet reducing reliance on higher-cost wholesale funding. Total average assets decreased $9.0 billion, or 28%, mainly due to the reduction in the size of the investment portfolio. Total average deposits decreased $6.9 billion, or 25%, mainly due to a decrease in brokered and foreign deposits as the Company reduced its reliance on wholesale funding sources.
Provision for loan losses, which predominantly represents the difference between consolidated provision for loan losses and net charge-offs for the lines of business, increased $18.8 million. The increase is the result of the Company increasing the allowance for loan losses $43.3 million in the third quarter of 2007 compared to a $25.5 million increase in the third quarter of 2006.
Total noninterest income increased $140.8 million. This was mainly due to securities losses of $91.5 million incurred in the third quarter of 2006 and a $61.7 million increase in trading income due to net valuation gains recorded on securities and the Company’s long-term corporate debt carried at fair value.
Total noninterest expense increased $13.5 million compared to the third quarter of 2006. This increase included $45 million in severance costs associated with the E2 initiative. This increase was partially offset by a $33.6 million decrease in the accrued liability associated with a capital instrument that the Company intends to call and replace in the fourth quarter. Additionally, reductions in total staff expense in support functions and consulting expenses demonstrates the continued impact the E 2 Efficiency and Productivity Program had on controlling expense growth.
 
13

Nine Months Ended September 30, 2007 vs. 2006
Corporate Other and Treasury’s net income for the nine months ended September 30, 2007 was $525.4 million, an increase of $369.4 million compared to the same period in 2006. The increase was mainly driven by an increase in net interest income due to balance sheet management strategies executed in the first half of this year, a $145.6 million after-tax gain on sale of The Coca-Cola Company stock, securities losses resulting from the securities portfolio repositioning in the third quarter of 2006, and a net valuation gain on securities and long-term corporate debt carried at fair value.
Net interest income increased $201.4 million mainly due to the aforementioned balance sheet management strategies which improved the yield on the securities portfolio and reduced the Company’s reliance on wholesale funding sources. Total average assets decreased $6.3 billion, or 19%, primarily due to a reduction in the size of the securities portfolio. Total average deposits decreased $2.8 billion, or 11%, mainly due to a decrease in brokered and foreign deposits.
Provision for loan losses, which predominantly represents the difference between consolidated provision for loan losses and net charge-offs for the lines of business, decreased $4.4 million, or 7%.
Total noninterest income increased $412.7 million. This was mainly driven by the $234.8 million gain on sale of The Coca-Cola Company stock, securities losses resulting from the securities portfolio repositioning in the third quarter of 2006, and $114.7 million increase in trading income due to net valuation gains recorded on securities and the Company’s long-term corporate debt carried at fair value.
Total noninterest expense decreased $1.2 million compared to the same period in 2006. Included in the nine months ended September 30, 2007, was $50.7 million in initial implementation costs associated with the E 2 initiative, of which $45 million was severance. Positively impacting noninterest expense was a $33.6 million decrease in the accrued liability associated with a capital instrument that the Company intends to call and replace in the fourth quarter. Additionally, reductions in total staff expense in support functions and consulting expenses demonstrates the continued impact the E 2 Efficiency and Productivity Program had on controlling expense growth.
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 quarterly report on Form 10-Q. Detailed financial tables and other information are available on our Web site at www.suntrust.com in the Investor Relations section located under “About SunTrust”. This information is also included in a current report on Form 8-K filed with the SEC today.
This news release contains certain non-US GAAP financial measures to describe the Company’s performance. The reconciliation of those measures to the most directly comparable US GAAP financial measures, and the reasons why SunTrust believes such financial measures may be useful to investors, can be found in the financial information contained in the appendices of this news release.
Conference Call
SunTrust management will host a conference call on October 18, 2007, at 8:00 a.m. (Eastern Time) to discuss the earnings results and business trends. Individuals are encouraged to call in beginning at 7:45 a.m. (Eastern Time) by dialing 1-888-972-7805 (Passcode: 3Q07). Individuals calling from outside the United States should dial 1-517-308-9091 (Passcode: 3Q07). A replay of the call will be available beginning October 18, 2007, and ending November 2, 2007, by dialing 1-800-391-9847 (domestic) or 1-402-220-3093 (international).
Alternatively, individuals may listen to the live webcast of the presentation by visiting the SunTrust Web site at www.suntrust.com. The webcast will be hosted under “Investor Relations” located under “About SunTrust” or may be accessed directly from the SunTrust home page by clicking on the earnings-related link, “3rd Quarter Earnings Release.” Beginning the afternoon of October 18, 2007, listeners may
 
14

access an archived version of the webcast in the “Webcasts and Presentations” subsection found under “Investor Relations.” This webcast will be archived and available for one year. A link to the Investor Relations page is also found in the footer of the SunTrust home page.
SunTrust Banks, Inc., headquartered in Atlanta, is one of the nation’s largest banking organizations, serving a broad range of consumer, commercial, corporate and institutional clients. The Company operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states and a full array of technology-based, 24-hour delivery channels. The Company also serves customers in selected markets nationally. Its primary businesses include deposit, credit, trust and investment services. Through various subsidiaries the Company provides credit cards, mortgage banking, insurance, brokerage, equipment leasing and capital markets services. SunTrust’s Internet address is www.suntrust.com.
Forward-Looking Statements
This news release may contain forward-looking statements. Statements that do not describe historical or current facts, including statements about beliefs and expectations, are forward-looking statements. These statements often include the words “may,” “could,” “will,” “should,” “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “initiatives,” “targets,” “potentially,” “probably,” “projects,” “outlook” or similar expressions. Such statements are based upon the current beliefs and expectations of SunTrust’s management, and on information currently available to management, and speak as of the date hereof. 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. Factors that could cause SunTrust’s results to differ materially from those described in the forward-looking statements can be found in the Company’s 2006 Annual Report on Form 10-K, in the Quarterly Reports on Form 10-Q and in the Current Reports filed on Form 8-K with the Securities and Exchange Commission and available at the Securities and Exchange Commission’s internet site ( http://www.sec.gov ). Those factors include: changes in general business or economic conditions or the competitive banking environment; changes in market interest rates or capital markets; significant changes in legislation or regulatory requirements, or the fiscal and monetary policies of the federal government and its agencies; significant changes in securities markets or markets for residential or commercial real estate; increases in the cost of funds resulting from customers pursuing alternatives to bank deposits or shifting from demand deposits to higher-cost products; hurricanes and other natural disasters; competitive pressures among local, regional, national, and international banks, thrifts credit unions, and other financial institutions; litigation; the potential that the Company may acquire other institutions or may divest certain portions of its business; changes in accounting principles, policies, or guidelines; we carry certain financial instruments at fair value and are subject to market risk; we rely on other companies to provide key components of our business infrastructure; weakness in residential property values and mortgage loan markets could adversely affect us; and we may be required to repurchase mortgage loans or indemnify mortgage loan purchasers as a result of breaches of representations and warranties, borrower fraud, or certain borrower defaults, which could harm our liquidity, results of operations and financial condition.
The forward-looking statements in this news release speak only as of this date, and SunTrust does not assume any obligation to update such statements or to update the reasons why actual results could differ from those contained in such statements.
###
 
15

SunTrust Banks, Inc. and Subsidiaries
FINANCIAL HIGHLIGHTS
(Dollars in millions, except per share data) (Unaudited)

																			
   	 	Three Months Ended
September 30	 	 	%
Change	 	 	Nine Months Ended
September 30	 	 	%
Change	 	
   	 	2007	 	 	2006	 	 			 	2007	 	 	2006	 	 			
							
EARNINGS & DIVIDENDS	 			 			 			 			 			 			
Net income	 	$420.2	 	 	$535.6	 	 	(21.5	)%	 	$1,622.9	 	 	$1,611.1	 	 	0.7	%	
Net income available to common shareholders	 	412.6	 	 	535.6	 	 	(23.0	)	 	1,600.5	 	 	1,611.1	 	 	(0.7	)	
Net income available to common shareholders excluding gain on sale of shares of The Coca-Cola Company 1	 	412.6	 	 	535.6	 	 	(23.0	)	 	1,455.0	 	 	1,611.1	 	 	(9.7	)	
Total revenue - FTE 2	 	2,038.4	 	 	2,032.8	 	 	0.3	 	 	6,480.1	 	 	6,149.1	 	 	5.4	 	
Total revenue - FTE excluding net securities gains and losses and net gain on sale of Bond Trustee business 1	 	2,037.4	 	 	2,011.8	 	 	1.3	 	 	6,242.7	 	 	6,122.2	 	 	2.0	 	
Net income per average common share	 			 			 			 			 			 			
Diluted	 	1.18	 	 	1.47	 	 	(19.7	)	 	4.52	 	 	4.42	 	 	2.3	 	
Diluted excluding gain on sale of shares of The Coca-Cola Company 1	 	1.18	 	 	1.47	 	 	(19.7	)	 	4.11	 	 	4.42	 	 	(7.0	)	
Basic	 	1.19	 	 	1.48	 	 	(19.6	)	 	4.57	 	 	4.46	 	 	2.5	 	
Dividends paid per average common share	 	0.73	 	 	0.61	 	 	19.7	 	 	2.19	 	 	1.83	 	 	19.7	 	
							
CONDENSED BALANCE SHEETS	 			 			 			 			 			 			
Selected Average Balances	 			 			 			 			 			 			
Total assets	 	$174,653	 	 	$180,501	 	 	(3.2	)%	 	$178,694	 	 	$179,632	 	 	(0.5	)%	
Earning assets	 	152,328	 	 	158,915	 	 	(4.1	)	 	156,439	 	 	157,860	 	 	(0.9	)	
Loans	 	119,559	 	 	120,742	 	 	(1.0	)	 	119,739	 	 	119,066	 	 	0.6	 	
Consumer and commercial deposits	 	96,708	 	 	97,643	 	 	(1.0	)	 	97,471	 	 	96,711	 	 	0.8	 	
Brokered and foreign deposits	 	21,140	 	 	27,958	 	 	(24.4	)	 	23,925	 	 	26,614	 	 	(10.1	)	
Total shareholders’ equity	 	17,550	 	 	17,662	 	 	(0.6	)	 	17,732	 	 	17,342	 	 	2.2	 	
							
As of	 			 			 			 			 			 			
Total assets	 	175,857	 	 	183,105	 	 	(4.0	)	 			 			 			
Earning assets	 	151,229	 	 	160,288	 	 	(5.7	)	 			 			 			
Loans	 	120,748	 	 	121,237	 	 	(0.4	)	 			 			 			
Allowance for loan and lease losses	 	1,094	 	 	1,087	 	 	0.6	 	 			 			 			
Consumer and commercial deposits	 	98,834	 	 	98,684	 	 	0.2	 	 			 			 			
Brokered and foreign deposits	 	17,026	 	 	25,709	 	 	(33.8	)	 			 			 			
Total shareholders’ equity	 	17,907	 	 	18,589	 	 	(3.7	)	 			 			 			
							
FINANCIAL RATIOS & OTHER DATA	 			 			 			 			 			 			
Return on average total assets	 	0.95	%	 	1.18	%	 	(19.5	)%	 	1.21	%	 	1.20	%	 	0.8	%	
Return on average assets less net unrealized securities gains 1	 	0.93	 	 	1.28	 	 	(27.3	)	 	1.09	 	 	1.22	 	 	(10.7	)	
Return on average common shareholders’ equity	 	9.60	 	 	12.10	 	 	(20.7	)	 	12.42	 	 	12.45	 	 	(0.2	)	
Return on average realized common shareholders’ equity 1	 	9.86	 	 	13.73	 	 	(28.2	)	 	11.70	 	 	13.24	 	 	(11.6	)	
Net interest margin 2	 	3.18	 	 	2.93	 	 	8.5	 	 	3.10	 	 	3.02	 	 	2.6	 	
Efficiency ratio 2	 	63.35	 	 	59.30	 	 	6.8	 	 	58.31	 	 	59.29	 	 	(1.7	)	
Tangible efficiency ratio 1	 	62.13	 	 	58.03	 	 	7.1	 	 	57.18	 	 	58.01	 	 	(1.4	)	
Effective tax rate	 	26.68	 	 	27.94	 	 	(4.5	)	 	29.99	 	 	29.71	 	 	0.9	 	
Tier 1 capital ratio  	 	 7.45 	 3	 	7.70	 	 	(3.2	)	 			 			 			
Total capital ratio  	 	10.75 	3	 	11.07	 	 	(2.9	)	 			 			 			
Tier 1 leverage ratio  	 	7.30 	3	 	7.27	 	 	0.4	 	 			 			 			
Total average shareholders’ equity to total average assets	 	10.05	 	 	9.78	 	 	2.8	 	 	9.92	 	 	9.65	 	 	2.8	 	
Tangible equity to tangible assets 1	 	6.32	 	 	6.42	 	 	(1.6	)	 			 			 			
							
Full-time equivalent employees	 	32,903	 	 	34,293	 	 	(4.1	)	 			 			 			
Number of ATMs	 	2,518	 	 	2,568	 	 	(1.9	)	 			 			 			
Full service banking offices	 	1,683	 	 	1,699	 	 	(0.9	)	 			 			 			
Traditional	 	1,339	 	 	1,347	 	 	(0.6	)	 			 			 			
In-store	 	344	 	 	352	 	 	(2.3	)	 			 			 			
							
Book value per common share	 	$50.01	 	 	$49.71	 	 	0.6	 	 			 			 			
Market price:	 			 			 			 			 			 			
High	 	90.47	 	 	81.59	 	 	10.9	 	 	94.18	 	 	81.59	 	 	15.4	 	
Low	 	73.61	 	 	75.11	 	 	(2.0	)	 	73.61	 	 	69.68	 	 	5.6	 	
Close	 	75.67	 	 	77.28	 	 	(2.1	)	 	75.67	 	 	77.28	 	 	(2.1	)	
Market capitalization	 	26,339	 	 	28,120	 	 	(6.3	)	 			 			 			
							
Average common shares outstanding (000s)	 			 			 			 			 			 			
Diluted	 	349,592	 	 	365,121	 	 	(4.3	)	 	354,244	 	 	364,322	 	 	(2.8	)	
Basic	 	346,150	 	 	361,805	 	 	(4.3	)	 	350,501	 	 	361,009	 	 	(2.9	)	

1 See Appendix A and Appendix B for reconcilements of non-GAAP performance measures.
2 Revenue, net interest margin, and efficiency ratios are presented on a fully taxable-equivalent (“FTE”) basis. The FTE basis adjusts for the tax-favored status of net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources. Total revenue - FTE equals net interest income on a FTE basis plus noninterest income.
3 Current period tier 1 capital, total capital and tier 1 leverage ratios are estimated as of the earnings release date.
 
Page 1

SunTrust Banks, Inc. and Subsidiaries
FIVE QUARTER FINANCIAL HIGHLIGHTS
(Dollars in millions, except per share data) (Unaudited)

																
   	  	Three Months Ended	 	
   	  	September 30
2007	 	 	June 30
2007	 	 	March 31
2007	 	 	December 31
2006	 	 	September 30
2006	 	
EARNINGS & DIVIDENDS	  			 			 			 			 			
Net income	  	$420.2	 	 	$681.4	 	 	$521.2	 	 	$506.3	 	 	$535.6	 	
Net income available to common shareholders	  	412.6	 	 	673.9	 	 	513.9	 	 	498.6	 	 	535.6	 	
Net income available to common shareholders excluding gain on sale of shares of The Coca-Cola Company 1	  	412.6	 	 	528.3	 	 	513.9	 	 	498.6	 	 	535.6	 	
Total revenue - FTE 2	  	2,038.4	 	 	2,374.6	 	 	2,067.2	 	 	2,067.7	 	 	2,032.8	 	
Total revenue - FTE excluding net securities gains and losses and net gain on sale of Bond Trustee business 1	  	2,037.4	 	 	2,138.2	 	 	2,067.2	 	 	2,032.4	 	 	2,011.8	 	
Net income per average common share	  			 			 			 			 			
Diluted	  	1.18	 	 	1.89	 	 	1.44	 	 	1.39	 	 	1.47	 	
Diluted excluding gain on sale of shares of The Coca-Cola Company 1	  	1.18	 	 	1.48	 	 	1.44	 	 	1.39	 	 	1.47	 	
Basic	  	1.19	 	 	1.91	 	 	1.45	 	 	1.41	 	 	1.48	 	
Dividends paid per average common share	  	0.73	 	 	0.73	 	 	0.73	 	 	0.61	 	 	0.61	 	
						
CONDENSED BALANCE SHEETS	  			 			 			 			 			
Selected Average Balances	  			 			 			 			 			
Total assets	  	$174,653	 	 	$179,996	 	 	$181,506	 	 	$182,343	 	 	$180,501	 	
Earning assets	  	152,328	 	 	157,594	 	 	159,474	 	 	160,115	 	 	158,915	 	
Loans	  	119,559	 	 	118,165	 	 	121,515	 	 	121,364	 	 	120,742	 	
Consumer and commercial deposits	  	96,708	 	 	97,927	 	 	97,792	 	 	98,553	 	 	97,643	 	
Brokered and foreign deposits	  	21,140	 	 	23,983	 	 	26,714	 	 	26,124	 	 	27,958	 	
Total shareholders’ equity	  	17,550	 	 	17,928	 	 	17,720	 	 	18,155	 	 	17,662	 	
As of	  			 			 			 			 			
						
Total assets	  	175,857	 	 	180,314	 	 	186,385	 	 	182,162	 	 	183,105	 	
Earning assets	  	151,229	 	 	157,095	 	 	163,299	 	 	159,064	 	 	160,288	 	
Loans	  	120,748	 	 	118,788	 	 	116,913	 	 	121,454	 	 	121,237	 	
Allowance for loan and lease losses	  	1,094	 	 	1,050	 	 	1,034	 	 	1,045	 	 	1,087	 	
Consumer and commercial deposits	  	98,834	 	 	97,822	 	 	99,875	 	 	99,776	 	 	98,684	 	
Brokered and foreign deposits	  	17,026	 	 	25,069	 	 	23,563	 	 	24,246	 	 	25,709	 	
Total shareholders’ equity	  	17,907	 	 	17,369	 	 	17,969	 	 	17,814	 	 	18,589	 	
						
FINANCIAL RATIOS & OTHER DATA	  			 			 			 			 			
Return on average total assets	  	0.95	%	 	1.52	%	 	1.16	%	 	1.10	%	 	1.18	%	
Return on average assets less net unrealized securities gains 1	  	0.93	 	 	1.18	 	 	1.15	 	 	1.04	 	 	1.28	 	
Return on average common shareholders’ equity	  	9.60	 	 	15.51	 	 	12.10	 	 	11.20	 	 	12.10	 	
Return on average realized common shareholders’ equity 1	  	9.86	 	 	12.71	 	 	12.54	 	 	11.17	 	 	13.73	 	
Net interest margin 2	  	3.18	 	 	3.10	 	 	3.02	 	 	2.94	 	 	2.93	 	
Efficiency ratio 2	  	63.35	 	 	52.69	 	 	59.79	 	 	59.67	 	 	59.30	 	
Tangible efficiency ratio 1	  	62.13	 	 	51.64	 	 	58.65	 	 	58.49	 	 	58.03	 	
Effective tax rate	  	26.68	 	 	31.45	 	 	30.59	 	 	27.07	 	 	27.94	 	
Tier 1 capital ratio  	  	7.45 	3	 	7.49	 	 	7.60	 	 	7.72	 	 	7.70	 	
Total capital ratio  	  	10.75 	3	 	10.67	 	 	10.94	 	 	11.11	 	 	11.07	 	
Tier 1 leverage ratio  	  	7.30 	3	 	7.11	 	 	7.24	 	 	7.23	 	 	7.27	 	
Total average shareholders’ equity to total average assets	  	10.05	 	 	9.96	 	 	9.76	 	 	9.96	 	 	9.78	 	
Tangible equity to tangible assets 1	  	6.32	 	 	5.85	 	 	5.97	 	 	6.03	 	 	6.42	 	
						
Full-time equivalent employees	  	32,903	 	 	33,241	 	 	33,397	 	 	33,599	 	 	34,293	 	
Number of ATMs	  	2,518	 	 	2,533	 	 	2,543	 	 	2,569	 	 	2,568	 	
Full service banking offices	  	1,683	 	 	1,685	 	 	1,691	 	 	1,701	 	 	1,699	 	
Traditional	  	1,339	 	 	1,338	 	 	1,338	 	 	1,349	 	 	1,347	 	
In-store	  	344	 	 	347	 	 	353	 	 	352	 	 	352	 	
						
Book value per common share	  	$50.01	 	 	$48.33	 	 	$49.00	 	 	$48.78	 	 	$49.71	 	
Market price:	  			 			 			 			 			
High	  	90.47	 	 	94.18	 	 	87.43	 	 	85.64	 	 	81.59	 	
Low	  	73.61	 	 	78.16	 	 	80.76	 	 	76.76	 	 	75.11	 	
Close	  	75.67	 	 	85.74	 	 	83.04	 	 	84.45	 	 	77.28	 	
Market capitalization	  	26,339	 	 	29,928	 	 	29,604	 	 	29,972	 	 	28,120	 	
						
Average common shares outstanding (000s)	  			 			 			 			 			
Diluted	  	349,592	 	 	356,008	 	 	357,214	 	 	358,292	 	 	365,121	 	
Basic	  	346,150	 	 	351,987	 	 	353,448	 	 	354,677	 	 	361,805	 	

1 See Appendix A and Appendix B for reconcilements of non-GAAP performance measures.
2 Revenue, net interest margin, and efficiency ratios are presented on a fully taxable-equivalent (“FTE”) basis. The FTE basis adjusts for the tax-favored status of net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources. Total revenue - FTE equals net interest income on a FTE basis plus noninterest income.
3 Current period tier 1 capital, total capital and tier 1 leverage ratios are estimated as of the earnings release date.
 
Page 2

SunTrust Banks, Inc. and Subsidiaries
CONSOLIDATED BALANCE SHEETS
(Dollars in thousands) (Unaudited)

													
 	 	As of September 30	 	 	Increase/(Decrease)  3	 	
 	 	2007	 	 	2006	 	 	Amount	 	 	%	 	
ASSETS	 			 			 			 			
Cash and due from banks	 	$4,162,456	 	 	$4,066,173	 	 	$96,283	 	 	2.4	%	
Interest-bearing deposits in other banks	 	29,684	 	 	39,982	 	 	(10,298	)	 	(25.8	)	
Funds sold and securities purchased under agreements to resell	 	968,553	 	 	1,147,423	 	 	(178,870	)	 	(15.6	)	
Trading assets	 	9,566,806	 	 	3,675,917	 	 	5,890,889	 	 	NM	 	
Securities available for sale 1	 	15,243,133	 	 	25,553,320	 	 	(10,310,187	)	 	(40.3	)	
Loans held for sale (loans at fair value: $5,681,549 as of	 	8,675,427	 	 	11,501,646	 	 	(2,826,219	)	 	(24.6	)	
September 30, 2007)	 			 			 			 			
Loans:	 			 			 			 			
Commercial	 	34,969,714	 	 	35,018,715	 	 	(49,001	)	 	(0.1	)	
Real estate:	 			 			 			 			
Home equity lines	 	14,598,774	 	 	14,014,617	 	 	584,157	 	 	4.2	 	
Construction	 	14,358,990	 	 	13,595,924	 	 	763,066	 	 	5.6	 	
Residential mortgages	 	31,603,884	 	 	33,711,399	 	 	(2,107,515	)	 	(6.3	)	
Commercial real estate	 	12,487,309	 	 	12,459,023	 	 	28,286	 	 	0.2	 	
Consumer:	 			 			 			 			
Direct	 	4,419,290	 	 	4,082,257	 	 	337,033	 	 	8.3	 	
Indirect	 	7,642,099	 	 	8,022,512	 	 	(380,413	)	 	(4.7	)	
Credit card	 	668,353	 	 	332,947	 	 	335,406	 	 	NM	 	
	 	 	 	 	 	 	 	 	 	 			
Total loans	 	120,748,413	 	 	121,237,394	 	 	(488,981	)	 	(0.4	)	
Allowance for loan and lease losses	 	(1,093,691	)	 	(1,087,316	)	 	6,375	 	 	0.6	 	
	 	 	 	 	 	 	 	 	 	 			
Net loans	 	119,654,722	 	 	120,150,078	 	 	(495,356	)	 	(0.4	)	
Goodwill	 	6,912,110	 	 	6,903,001	 	 	9,109	 	 	0.1	 	
Other intangible assets	 	1,327,060	 	 	1,120,102	 	 	206,958	 	 	18.5	 	
Other assets	 	9,317,278	 	 	8,946,911	 	 	370,367	 	 	4.1	 	
	 	 	 	 	 	 	 	 	 	 			
Total assets 2	 	$175,857,229	 	 	$183,104,553	 	 	($7,247,324	)	 	(4.0	)	
	 	 	 	 	 	 	 	 	 	 			
LIABILITIES	 			 			 			 			
Noninterest-bearing consumer and commercial deposits	 	$20,857,240	 	 	$22,813,455	 	 	($1,956,215	)	 	(8.6	)%	
Interest-bearing consumer and commercial deposits:	 			 			 			 			
NOW accounts	 	20,319,435	 	 	17,508,754	 	 	2,810,681	 	 	16.1	 	
Money market accounts	 	24,011,524	 	 	23,803,496	 	 	208,028	 	 	0.9	 	
Savings	 	4,376,155	 	 	5,699,545	 	 	(1,323,390)	 	 	(23.2	)	
Consumer time	 	17,037,866	 	 	16,615,445	 	 	422,421	 	 	2.5	 	
Other time	 	12,231,832	 	 	12,243,372	 	 	(11,540)	 	 	(0.1	)	
	 	 	 	 	 	 	 	 	 	 			
Total consumer and commercial deposits	 	98,834,052	 	 	98,684,067	 	 	149,985	 	 	0.2	 	
Brokered deposits (CDs at fair value: $189,513 as of September 30, 2007; $84,955 as of September 30, 2006)	 	14,188,886	 	 	18,264,554	 	 	(4,075,668	)	 	(22.3	)	
Foreign deposits	 	2,836,775	 	 	7,444,329	 	 	(4,607,554	)	 	(61.9	)	
	 	 	 	 	 	 	 	 	 	 			
Total deposits	 	115,859,713	 	 	124,392,950	 	 	(8,533,237	)	 	(6.9	)	
Funds purchased	 	1,512,054	 	 	5,926,570	 	 	(4,414,516	)	 	(74.5	)	
Securities sold under agreements to repurchase	 	5,548,486	 	 	7,362,480	 	 	(1,813,994	)	 	(24.6	)	
Other short-term borrowings	 	2,971,761	 	 	1,744,479	 	 	1,227,282	 	 	70.4	 	
Long-term debt (notes at fair value: $6,859,983 as of September 30, 2007)	 	22,661,381	 	 	17,477,276	 	 	5,184,105	 	 	29.7	 	
Trading liabilities	 	1,906,002	 	 	1,611,648	 	 	294,354	 	 	18.3	 	
Other liabilities	 	7,490,585	 	 	5,999,843	 	 	1,490,742	 	 	24.8	 	
	 	 	 	 	 	 	 	 	 	 			
Total liabilities	 	157,949,982	 	 	164,515,246	 	 	(6,565,264	)	 	(4.0	)	
	 	 	 	 	 	 	 	 	 	 			
SHAREHOLDERS’ EQUITY	 			 			 			 			
Preferred stock, no par value	 	500,000	 	 	500,000	 	 	-	 	 	-	 	
Common stock, $1.00 par value	 	370,578	 	 	370,578	 	 	-	 	 	-	 	
Additional paid in capital	 	6,709,002	 	 	6,735,458	 	 	(26,456	)	 	(0.4	)	
Retained earnings	 	10,897,059	 	 	10,258,441	 	 	638,618	 	 	6.2	 	
Treasury stock, at cost, and other	 	(1,821,360	)	 	(453,934	)	 	1,367,426	 	 	NM	 	
Accumulated other comprehensive income	 	1,251,968	 	 	1,178,764	 	 	73,204	 	 	6.2	 	
	 	 	 	 	 	 	 	 	 	 			
Total shareholders’ equity	 	17,907,247	 	 	18,589,307	 	 	(682,060	)	 	(3.7	)	

Total liabilities and shareholders’ equity	 	$175,857,229	 	 	$183,104,553	 	 	($7,247,324	)	 	(4.0	)	

Common shares outstanding	 	348,073,971	 	 	363,868,470	 	 	(15,794,499	)	 	(4.3	)	
Common shares authorized	 	750,000,000	 	 	750,000,000	 	 	-	 	 	-	 	
Preferred shares outstanding	 	5,000	 	 	5,000	 	 	-	 	 	-	 	
Preferred shares authorized	 	50,000,000	 	 	50,000,000	 	 	-	 	 	-	 	
Treasury shares of common stock	 	22,504,427	 	 	6,709,928	 	 	15,794,499	 	 	NM	 	
		
1 Includes net unrealized gains of	 	$2,391,606	 	 	$1,915,277	 	 	$476,329	 	 	24.9	%	
2 Includes earning assets of	 	151,228,575	 	 	160,287,584	 	 	(9,059,009	)	 	(5.7	)	
3 ”NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.
 
Page 3

SunTrust Banks, Inc. and Subsidiaries
FIVE QUARTER CONSOLIDATED BALANCE SHEETS
(Dollars in thousands) (Unaudited)

																
 	 	As of	 	
 	 	September 30
2007	 	 	June 30
2007	 	 	March 31
2007	 	 	December 31
2006	 	 	September 30
2006	 	
ASSETS	 			 			 			 			 			
Cash and due from banks	 	$4,162,456	 	 	$4,254,430	 	 	$3,867,957	 	 	$4,235,889	 	 	$4,066,173	 	
Interest-bearing deposits in other banks	 	29,684	 	 	25,991	 	 	21,974	 	 	21,810	 	 	39,982	 	
Funds sold and securities purchased under agreements to resell	 	968,553	 	 	1,143,995	 	 	883,833	 	 	1,050,046	 	 	1,147,423	 	
Trading assets	 	9,566,806	 	 	13,044,972	 	 	21,545,502	 	 	2,777,629	 	 	3,675,917	 	
Securities available for sale 1	 	15,243,133	 	 	14,725,957	 	 	13,163,036	 	 	25,101,715	 	 	25,553,320	 	
Loans held for sale	 	8,675,427	 	 	12,474,932	 	 	14,067,788	 	 	11,790,122	 	 	11,501,646	 	
Loans:	 			 			 			 			 			
Commercial	 	34,969,714	 	 	34,362,837	 	 	33,484,170	 	 	34,613,882	 	 	35,018,715	 	
Real estate:	 			 			 			 			 			
Home equity lines	 	14,598,774	 	 	14,303,659	 	 	14,039,685	 	 	14,102,655	 	 	14,014,617	 	
Construction	 	14,358,990	 	 	14,417,949	 	 	14,175,478	 	 	13,892,988	 	 	13,595,924	 	
Residential mortgages	 	31,603,884	 	 	30,759,216	 	 	30,248,543	 	 	33,830,101	 	 	33,711,399	 	
Commercial real estate	 	12,487,309	 	 	12,416,329	 	 	12,454,475	 	 	12,567,824	 	 	12,459,023	 	
Consumer:	 			 			 			 			 			
Direct	 	4,419,290	 	 	4,391,739	 	 	4,293,308	 	 	4,160,091	 	 	4,082,257	 	
Indirect	 	7,642,099	 	 	7,739,369	 	 	7,840,962	 	 	7,936,102	 	 	8,022,512	 	
Credit card	 	668,353	 	 	396,624	 	 	375,938	 	 	350,690	 	 	332,947	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total loans	 	120,748,413	 	 	118,787,722	 	 	116,912,559	 	 	121,454,333	 	 	121,237,394	 	
Allowance for loan and lease losses	 	(1,093,691	)	 	(1,050,362	)	 	(1,033,939	)	 	(1,044,521	)	 	(1,087,316	)	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net loans	 	119,654,722	 	 	117,737,360	 	 	115,878,620	 	 	120,409,812	 	 	120,150,078	 	
Goodwill	 	6,912,110	 	 	6,897,050	 	 	6,896,723	 	 	6,889,860	 	 	6,903,001	 	
Other intangible assets	 	1,327,060	 	 	1,290,460	 	 	1,293,457	 	 	1,181,984	 	 	1,120,102	 	
Other assets	 	9,317,278	 	 	8,719,225	 	 	8,765,951	 	 	8,702,742	 	 	8,946,911	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total assets 2	 	$175,857,229	 	 	$180,314,372	 	 	$186,384,841	 	 	$182,161,609	 	 	$183,104,553	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
LIABILITIES	 			 			 			 			 			
Noninterest-bearing consumer and commercial deposits	 	$20,857,240	 	 	$22,725,654	 	 	$22,765,045	 	 	$22,887,176	 	 	$22,813,455	 	
Interest-bearing consumer and commercial deposits:	 			 			 			 			 			
NOW accounts	 	20,319,435	 	 	20,255,930	 	 	20,802,207	 	 	20,230,763	 	 	17,508,754	 	
Money market accounts	 	24,011,524	 	 	21,645,616	 	 	22,070,587	 	 	22,371,828	 	 	23,803,496	 	
Savings	 	4,376,155	 	 	4,698,516	 	 	5,102,312	 	 	5,198,980	 	 	5,699,545	 	
Consumer time	 	17,037,866	 	 	16,745,010	 	 	17,044,783	 	 	16,824,239	 	 	16,615,445	 	
Other time	 	12,231,832	 	 	11,751,246	 	 	12,089,882	 	 	12,262,902	 	 	12,243,372	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total consumer and commercial deposits	 	98,834,052	 	 	97,821,972	 	 	99,874,816	 	 	99,775,888	 	 	98,684,067	 	
Brokered deposits	 	14,188,886	 	 	16,659,978	 	 	18,203,295	 	 	18,150,059	 	 	18,264,554	 	
Foreign deposits	 	2,836,775	 	 	8,408,752	 	 	5,360,164	 	 	6,095,682	 	 	7,444,329	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total deposits	 	115,859,713	 	 	122,890,702	 	 	123,438,275	 	 	124,021,629	 	 	124,392,950	 	
Funds purchased	 	1,512,054	 	 	3,405,459	 	 	6,433,195	 	 	4,867,591	 	 	5,926,570	 	
Securities sold under agreements to repurchase	 	5,548,486	 	 	6,081,096	 	 	6,851,863	 	 	6,950,426	 	 	7,362,480	 	
Other short-term borrowings	 	2,971,761	 	 	2,083,518	 	 	1,958,438	 	 	2,062,636	 	 	1,744,479	 	
Long-term debt	 	22,661,381	 	 	20,604,933	 	 	19,007,959	 	 	18,992,905	 	 	17,477,276	 	
Trading liabilities	 	1,906,002	 	 	2,156,279	 	 	1,642,958	 	 	1,634,097	 	 	1,611,648	 	
Other liabilities	 	7,490,585	 	 	5,723,532	 	 	9,083,615	 	 	5,818,719	 	 	5,999,843	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities	 	157,949,982	 	 	162,945,519	 	 	168,416,303	 	 	164,348,003	 	 	164,515,246	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
SHAREHOLDERS’ EQUITY	 			 			 			 			 			
Preferred stock, no par value	 	500,000	 	 	500,000	 	 	500,000	 	 	500,000	 	 	500,000	 	
Common stock, $1.00 par value	 	370,578	 	 	370,578	 	 	370,578	 	 	370,578	 	 	370,578	 	
Additional paid in capital	 	6,709,002	 	 	6,589,387	 	 	6,688,660	 	 	6,627,196	 	 	6,735,458	 	
Retained earnings	 	10,897,059	 	 	10,739,449	 	 	10,325,246	 	 	10,541,152	 	 	10,258,441	 	
Treasury stock, at cost, and other	 	(1,821,360	)	 	(1,751,449	)	 	(1,101,172	)	 	(1,151,269	)	 	(453,934	)	
Accumulated other comprehensive income	 	1,251,968	 	 	920,888	 	 	1,185,226	 	 	925,949	 	 	1,178,764	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total shareholders’ equity	 	17,907,247	 	 	17,368,853	 	 	17,968,538	 	 	17,813,606	 	 	18,589,307	 	

Total liabilities and shareholders’ equity	 	$175,857,229	 	 	$180,314,372	 	 	$186,384,841	 	 	$182,161,609	 	 	$183,104,553	 	

Common shares outstanding	 	348,073,971	 	 	349,052,800	 	 	356,504,563	 	 	354,902,566	 	 	363,868,470	 	
Common shares authorized	 	750,000,000	 	 	750,000,000	 	 	750,000,000	 	 	750,000,000	 	 	750,000,000	 	
Preferred shares outstanding	 	5,000	 	 	5,000	 	 	5,000	 	 	5,000	 	 	5,000	 	
Preferred shares authorized	 	50,000,000	 	 	50,000,000	 	 	50,000,000	 	 	50,000,000	 	 	50,000,000	 	
Treasury shares of common stock	 	22,504,427	 	 	21,525,598	 	 	14,073,835	 	 	15,675,832	 	 	6,709,928	 	
		
1 Includes net unrealized gains of	 	$2,391,606	 	 	$2,035,623	 	 	$2,333,896	 	 	$2,103,362	 	 	$1,915,277	 	
2 Includes earning assets of	 	151,228,575	 	 	157,094,873	 	 	163,299,162	 	 	159,063,834	 	 	160,287,584	 	
 
Page 4

SunTrust Banks, Inc. and Subsidiaries
CONSOLIDATED STATEMENTS OF INCOME
(Dollars in thousands, except per share data) (Unaudited)

																								
 	  	Three Months Ended	 	 	Nine Months Ended	 	
 	  	September 30	 	 	Increase/(Decrease)  2	 	 	September 30	 	 	Increase/(Decrease)  2	 	
 	  	2007	 	 	2006	 	 	Amount	 	 	%	 	 	2007	  	2006	 	 	Amount	 	 	%	 	
Interest income	  	$2,515,292	 	 	$2,525,489	 	 	($10,197	)	 	(0.4	)%	 	$7,587,219	  	$7,227,289	 	 	$359,930	 	 	5.0	%	
Interest expense	  	1,323,104	 	 	1,374,097	 	 	(50,993	)	 	(3.7	)	 	4,035,188	  	3,728,113	 	 	307,075	 	 	8.2	 	
	  	 	 	 	 	 	 	 	 	 			 	 	  	 	 	 	 	 	 			
NET INTEREST INCOME	  	1,192,188	 	 	1,151,392	 	 	40,796	 	 	3.5	 	 	3,552,031	  	3,499,176	 	 	52,855	 	 	1.5	 	
Provision for loan losses	  	147,020	 	 	61,568	 	 	85,452	 	 	NM	 	 	308,141	  	146,730	 	 	161,411	 	 	NM	 	
	  	 	 	 	 	 	 	 	 	 			 	 	  	 	 	 	 	 	 			
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	  	1,045,168	 	 	1,089,824	 	 	(44,656	)	 	(4.1	)	 	3,243,890	  	3,352,446	 	 	(108,556	)	 	(3.2	)	

NONINTEREST INCOME	  			 			 			 			 		  			 			 			
Service charges on deposit accounts	  	213,939	 	 	194,262	 	 	19,677	 	 	10.1	 	 	599,818	  	572,092	 	 	27,726	 	 	4.8	 	
Trust and investment management income	  	175,242	 	 	173,717	 	 	1,525	 	 	0.9	 	 	514,180	  	517,617	 	 	(3,437	)	 	(0.7	)	
Retail investment services	  	71,064	 	 	55,544	 	 	15,520	 	 	27.9	 	 	206,392	  	168,974	 	 	37,418	 	 	22.1	 	
Other charges and fees	  	120,730	 	 	113,347	 	 	7,383	 	 	6.5	 	 	357,225	  	339,677	 	 	17,548	 	 	5.2	 	
Investment banking income	  	47,688	 	 	47,046	 	 	642	 	 	1.4	 	 	159,844	  	159,342	 	 	502	 	 	0.3	 	
Trading account profits and commissions	  	(31,187	)	 	20,404	 	 	(51,591	)	 	NM	 	 	75,451	  	103,461	 	 	(28,010	)	 	(27.1	)	
Card fees	  	70,450	 	 	64,916	 	 	5,534	 	 	8.5	 	 	203,225	  	183,460	 	 	19,765	 	 	10.8	 	
Mortgage production related income	  	12,950	 	 	50,336	 	 	(37,386	)	 	(74.3	)	 	68,617	  	169,952	 	 	(101,335	)	 	(59.6	)	
Mortgage servicing related income	  	57,142	 	 	36,633	 	 	20,509	 	 	56.0	 	 	138,072	  	112,744	 	 	25,328	 	 	22.5	 	
Net gain on sale of Bond Trustee business	  	-	 	 	112,759	 	 	(112,759	)	 	(100.0	)	 	-	  	112,759	 	 	(112,759	)	 	(100.0	)	
Gain on sale upon merger of Lighthouse Partners	  	-	 	 	-	 	 	-	 	 	-	 	 	32,340	  	-	 	 	32,340	 	 	100.0	 	
Other noninterest income	  	80,130	 	 	81,783	 	 	(1,653	)	 	(2.0	)	 	260,080	  	231,582	 	 	28,498	 	 	12.3	 	
Securities gains/(losses), net	  	991	 	 	(91,816	)	 	92,807	 	 	NM	 	 	237,423	  	(85,854	)	 	323,277	 	 	NM	 	
	  	 	 	 	 	 	 	 	 	 			 	 	  	 	 	 	 	 	 			
Total noninterest income	  	819,139	 	 	858,931	 	 	(39,792	)	 	(4.6	)	 	2,852,667	  	2,585,806	 	 	266,861	 	 	10.3	 	
	  	 	 	 	 	 	 	 	 	 			 	 	  	 	 	 	 	 	 			
NONINTEREST EXPENSE	  			 			 			 			 		  			 			 			
Employee compensation and benefits	  	677,765	 	 	674,322	 	 	3,443	 	 	0.5	 	 	2,087,378	  	2,068,360	 	 	19,018	 	 	0.9	 	
Net occupancy expense	  	87,626	 	 	85,613	 	 	2,013	 	 	2.4	 	 	258,533	  	248,367	 	 	10,166	 	 	4.1	 	
Outside processing and software	  	105,132	 	 	98,699	 	 	6,433	 	 	6.5	 	 	305,538	  	292,038	 	 	13,500	 	 	4.6	 	
Equipment expense	  	51,532	 	 	50,249	 	 	1,283	 	 	2.6	 	 	154,764	  	147,804	 	 	6,960	 	 	4.7	 	
Marketing and customer development	  	46,897	 	 	35,932	 	 	10,965	 	 	30.5	 	 	135,928	  	127,956	 	 	7,972	 	 	6.2	 	
Amortization of intangible assets	  	24,820	 	 	25,792	 	 	(972	)	 	(3.8	)	 	73,266	  	78,922	 	 	(5,656	)	 	(7.2	)	
Loss on extinguishment of debt	  	9,800	 	 	-	 	 	9,800	 	 	100.0	 	 	9,800	  	-	 	 	9,800	 	 	100.0	 	
Other noninterest expense	  	287,673	 	 	234,892	 	 	52,781	 	 	22.5	 	 	753,229	  	682,636	 	 	70,593	 	 	10.3	 	
	  	 	 	 	 	 	 	 	 	 			 	 	  	 	 	 	 	 	 			
Total noninterest expense	  	1,291,245	 	 	1,205,499	 	 	85,746	 	 	7.1	 	 	3,778,436	  	3,646,083	 	 	132,353	 	 	3.6	 	
	  	 	 	 	 	 	 	 	 	 			 	 	  	 	 	 	 	 	 			
INCOME BEFORE PROVISION FOR INCOME TAXES	  	573,062	 	 	743,256	 	 	(170,194	)	 	(22.9	)	 	2,318,121	  	2,292,169	 	 	25,952	 	 	1.1	 	
Provision for income taxes	  	152,898	 	 	207,668	 	 	(54,770	)	 	(26.4	)	 	695,230	  	681,052	 	 	14,178	 	 	2.1	 	
	  	 	 	 	 	 	 	 	 	 			 	 	  	 	 	 	 	 	 			
Net income	  	420,164	 	 	535,588	 	 	(115,424	)	 	(21.6	)	 	1,622,891	  	1,611,117	 	 	11,774	 	 	0.7	 	
Preferred dividends	  	7,526	 	 	-	 	 	7,526	 	 	100.0	 	 	22,408	  	-	 	 	22,408	 	 	100.0	 	
	  	 	 	 	 	 	 	 	 	 			 	 	  	 	 	 	 	 	 			
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS	  	$412,638	 	 	$535,588	 	 	($122,950	)	 	(23.0	)	 	$1,600,483	  	$1,611,117	 	 	($10,634	)	 	(0.7	)	
	  	 	 	 	 	 	 	 	 	 			 	 	  	 	 	 	 	 	 			
Net interest income - FTE 1	  	$1,219,243	 	 	$1,173,860	 	 	$45,383	 	 	3.9	 	 	$3,627,467	  	$3,563,265	 	 	$64,202	 	 	1.8	 	
Net income per average common share	  			 			 			 			 		  			 			 			
Diluted	  	1.18	 	 	1.47	 	 	(0.29	)	 	(19.7	)	 	4.52	  	4.42	 	 	0.10	 	 	2.3	 	
Basic	  	1.19	 	 	1.48	 	 	(0.29	)	 	(19.6	)	 	4.57	  	4.46	 	 	0.11	 	 	2.5	 	
Cash dividends paid per common share	  	0.73	 	 	0.61	 	 	0.12	 	 	19.7	 	 	2.19	  	1.83	 	 	0.36	 	 	19.7	 	
Average common shares outstanding (000s)	  			 			 			 			 		  			 			 			
Diluted	  	349,592	 	 	365,121	 	 	(15,529	)	 	(4.3	)	 	354,244	  	364,322	 	 	(10,078	)	 	(2.8	)	
Basic	  	346,150	 	 	361,805	 	 	(15,655	)	 	(4.3	)	 	350,501	  	361,009	 	 	(10,508	)	 	(2.9	)	

1 Net interest income includes the effects of FTE adjustments using a federal tax rate of 35% and state income taxes where applicable to increase tax-exempt interest income to a taxable-equivalent basis.
2 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.
 
Page 5

SunTrust Banks, Inc. and Subsidiaries
FIVE QUARTER CONSOLIDATED STATEMENTS OF INCOME
(Dollars in thousands, except per share data) (Unaudited)

														
 	 	Three Months Ended	 	
 	 	September 30
2007	 	 	June 30
2007	 	March 31
2007	 	 	December 31
2006	 	September 30
2006	 	
Interest income	 	$2,515,292	 	 	$2,543,870	 	$2,528,057	 	 	$2,564,731	 	$2,525,489	 	
Interest expense	 	1,323,104	 	 	1,348,586	 	1,363,498	 	 	1,403,442	 	1,374,097	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET INTEREST INCOME	 	1,192,188	 	 	1,195,284	 	1,164,559	 	 	1,161,289	 	1,151,392	 	
Provision for loan losses	 	147,020	 	 	104,680	 	56,441	 	 	115,806	 	61,568	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	 	1,045,168	 	 	1,090,604	 	1,108,118	 	 	1,045,483	 	1,089,824	 	

NONINTEREST INCOME	 			 		 			 		 			
Service charges on deposit accounts	 	213,939	 	 	196,844	 	189,035	 	 	191,628	 	194,262	 	
Trust and investment management income	 	175,242	 	 	164,620	 	174,318	 	 	169,248	 	173,717	 	
Retail investment services	 	71,064	 	 	71,785	 	63,543	 	 	65,000	 	55,544	 	
Other charges and fees	 	120,730	 	 	118,358	 	118,137	 	 	122,386	 	113,347	 	
Investment banking income	 	47,688	 	 	61,999	 	50,157	 	 	71,211	 	47,046	 	
Trading account profits and commissions	 	(31,187	)	 	16,437	 	90,201	 	 	9,586	 	20,404	 	
Card fees	 	70,450	 	 	68,580	 	64,195	 	 	64,187	 	64,916	 	
Mortgage production related income	 	12,950	 	 	64,322	 	(8,655	)	 	47,476	 	50,336	 	
Mortgage servicing related income	 	57,142	 	 	45,527	 	35,403	 	 	8,994	 	36,633	 	
Net gain on sale of Bond Trustee business	 	-	 	 	-	 	-	 	 	-	 	112,759	 	
Gain on sale upon merger of Lighthouse Partners	 	-	 	 	-	 	32,340	 	 	-	 	-	 	
Other noninterest income	 	80,130	 	 	109,738	 	70,212	 	 	97,473	 	81,783	 	
Securities gains/(losses), net	 	991	 	 	236,412	 	20	 	 	35,377	 	(91,816	)	
	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total noninterest income	 	819,139	 	 	1,154,622	 	878,906	 	 	882,566	 	858,931	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	
NONINTEREST EXPENSE	 			 		 			 		 			
Employee compensation and benefits	 	677,765	 	 	710,613	 	699,000	 	 	657,093	 	674,322	 	
Net occupancy expense	 	87,626	 	 	84,650	 	86,257	 	 	85,846	 	85,613	 	
Outside processing and software	 	105,132	 	 	100,730	 	99,676	 	 	101,538	 	98,699	 	
Equipment expense	 	51,532	 	 	53,823	 	49,409	 	 	49,234	 	50,249	 	
Marketing and customer development	 	46,897	 	 	43,326	 	45,705	 	 	45,249	 	35,932	 	
Amortization of intangible assets	 	24,820	 	 	24,904	 	23,542	 	 	24,304	 	25,792	 	
Loss on extinguishment of debt	 	9,800	 	 	-	 	-	 	 	11,665	 	-	 	
Other noninterest expense	 	287,673	 	 	233,148	 	232,408	 	 	258,848	 	234,892	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total noninterest expense	 	1,291,245	 	 	1,251,194	 	1,235,997	 	 	1,233,777	 	1,205,499	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME BEFORE PROVISION FOR INCOME TAXES	 	573,062	 	 	994,032	 	751,027	 	 	694,272	 	743,256	 	
Provision for income taxes	 	152,898	 	 	312,601	 	229,731	 	 	187,918	 	207,668	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net income	 	420,164	 	 	681,431	 	521,296	 	 	506,354	 	535,588	 	
Preferred dividends	 	7,526	 	 	7,519	 	7,363	 	 	7,729	 	-	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS	 	$412,638	 	 	$673,912	 	$513,933	 	 	$498,625	 	$535,588	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net interest income - FTE 1	 	$1,219,243	 	 	$1,219,952	 	$1,188,272	 	 	$1,185,166	 	$1,173,860	 	
Net income per average common share	 			 		 			 		 			
Diluted	 	1.18	 	 	1.89	 	1.44	 	 	1.39	 	1.47	 	
Basic	 	1.19	 	 	1.91	 	1.45	 	 	1.41	 	1.48	 	
Cash dividends paid per common share	 	0.73	 	 	0.73	 	0.73	 	 	0.61	 	0.61	 	
Average common shares outstanding (000s)	 			 		 			 		 			
Diluted	 	349,592	 	 	356,008	 	357,214	 	 	358,292	 	365,121	 	
Basic	 	346,150	 	 	351,987	 	353,448	 	 	354,677	 	361,805	 	

1 Net interest income includes the effects of FTE adjustments using a federal tax rate of 35% and state income taxes where applicable to increase tax-exempt interest income to a taxable-equivalent basis.
 
Page 6

SunTrust Banks, Inc. and Subsidiaries
CONSOLIDATED DAILY AVERAGE BALANCES,
AVERAGE YIELDS EARNED AND RATES PAID
(Dollars in millions; yields on taxable-equivalent basis) (Unaudited)

																	
 	  	Three Months Ended	 	
 	  	September 30, 2007	 	 	June 30, 2007	 	
 	  	Average
Balances	 	 	Interest
Income/
Expense	  	Yields/
Rates	 	 	Average
Balances	 	 	Interest
Income/
Expense	  	Yields/
Rates	 	
ASSETS	  			 		  			 			 		  			
Loans:	  			 		  			 			 		  			
Real estate 1-4 family	  	$31,003.5	 	 	$498.5	  	6.43	%	 	$30,754.4	 	 	$493.2	  	6.42	%	
Real estate construction	  	13,686.6	 	 	260.0	  	7.54	 	 	13,710.1	 	 	259.4	  	7.59	 	
Real estate home equity lines	  	14,133.1	 	 	279.5	  	7.85	 	 	13,849.7	 	 	272.4	  	7.89	 	
Real estate commercial	  	12,759.3	 	 	225.3	  	7.01	 	 	12,731.8	 	 	220.8	  	6.95	 	
Commercial - FTE 1	  	34,247.9	 	 	562.6	  	6.52	 	 	33,607.7	 	 	539.6	  	6.44	 	
Business credit card	  	516.3	 	 	4.2	  	3.29	 	 	403.7	 	 	5.9	  	5.80	 	
Consumer - direct	  	4,368.0	 	 	80.0	  	7.26	 	 	4,347.5	 	 	78.2	  	7.21	 	
Consumer - indirect	  	7,966.4	 	 	124.6	  	6.21	 	 	8,063.6	 	 	123.1	  	6.12	 	
Nonaccrual and restructured	  	877.5	 	 	3.8	  	1.72	 	 	696.1	 	 	4.8	  	2.76	 	
	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	
Total loans	  	119,558.6	 	 	2,038.5	  	6.76	 	 	118,164.6	 	 	1,997.4	  	6.78	 	
Securities available for sale:	  			 		  			 			 		  			
Taxable	  	11,546.2	 	 	179.7	  	6.23	 	 	11,014.3	 	 	167.7	  	6.09	 	
Tax-exempt - FTE 1	  	1,040.9	 	 	15.8	  	6.05	 	 	1,041.2	 	 	15.2	  	5.85	 	
	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	
Total securities available for sale - FTE 1	  	12,587.1	 	 	195.5	  	6.21	 	 	12,055.5	 	 	182.9	  	6.07	 	
Funds sold and securities purchased under agreements to resell	  	872.5	 	 	11.1	  	4.99	 	 	1,038.1	 	 	13.2	  	5.04	 	
Loans held for sale	  	9,748.0	 	 	155.6	  	6.39	 	 	13,454.3	 	 	200.4	  	5.96	 	
Interest-bearing deposits	  	24.9	 	 	0.3	  	4.28	 	 	24.1	 	 	0.3	  	5.74	 	
Interest earning trading assets	  	9,536.5	 	 	141.2	  	5.88	 	 	12,857.6	 	 	174.3	  	5.44	 	
	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	
Total earning assets	  	152,327.6	 	 	2,542.2	  	6.62	 	 	157,594.2	 	 	2,568.5	  	6.54	 	
Allowance for loan and lease losses	  	(1,059.1	)	 		  			 	(1,037.6	)	 		  			
Cash and due from banks	  	3,417.2	 	 		  			 	3,427.7	 	 		  			
Premises and equipment	  	1,924.6	 	 		  			 	1,980.1	 	 		  			
Other assets	  	14,795.3	 	 		  			 	14,646.8	 	 		  			
Noninterest earning trading assets	  	1,155.9	 	 		  			 	986.6	 	 		  			
Unrealized gains on securities available for sale, net	  	2,091.9	 	 		  			 	2,398.7	 	 		  			
	  	 	 	 		  			 	 	 	 		  			
Total assets	  	$174,653.4	 	 		  			 	$179,996.5	 	 		  			
	  	 	 	 		  			 	 	 	 		  			
LIABILITIES AND SHAREHOLDERS’ EQUITY	  			 		  			 			 		  			
Interest-bearing deposits:	  			 		  			 			 		  			
NOW accounts	  	$19,543.4	 	 	$117.9	  	2.39	%	 	$20,065.8	 	 	$119.0	  	2.38	%	
Money market accounts	  	22,560.3	 	 	160.0	  	2.81	 	 	21,773.3	 	 	142.0	  	2.62	 	
Savings	  	4,456.5	 	 	13.3	  	1.19	 	 	4,786.7	 	 	14.8	  	1.24	 	
Consumer time	  	16,839.9	 	 	193.4	  	4.56	 	 	16,942.3	 	 	190.5	  	4.51	 	
Other time	  	11,862.4	 	 	146.3	  	4.89	 	 	11,962.4	 	 	144.5	  	4.85	 	
	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	
Total interest-bearing consumer and commercial deposits	  	75,262.5	 	 	630.9	  	3.33	 	 	75,530.5	 	 	610.8	  	3.24	 	
Brokered deposits	  	15,806.3	 	 	214.6	  	5.31	 	 	16,972.2	 	 	227.5	  	5.30	 	
Foreign deposits	  	5,333.6	 	 	68.8	  	5.05	 	 	7,011.2	 	 	92.9	  	5.24	 	
	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	
Total interest-bearing deposits	  	96,402.4	 	 	914.3	  	3.76	 	 	99,513.9	 	 	931.2	  	3.75	 	
Funds purchased	  	2,291.3	 	 	28.9	  	4.94	 	 	3,967.7	 	 	52.2	  	5.21	 	
Securities sold under agreements to repurchase	  	5,732.2	 	 	64.7	  	4.42	 	 	6,339.0	 	 	74.4	  	4.64	 	
Interest-bearing trading liabilities	  	354.1	 	 	3.4	  	3.85	 	 	453.1	 	 	4.4	  	3.87	 	
Other short-term borrowings	  	2,730.1	 	 	33.6	  	4.89	 	 	2,262.3	 	 	28.3	  	5.02	 	
Long-term debt	  	21,143.5	 	 	278.1	  	5.22	 	 	19,772.4	 	 	258.0	  	5.24	 	
	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	
Total interest-bearing liabilities	  	128,653.6	 	 	1,323.0	  	4.08	 	 	132,308.4	 	 	1,348.5	  	4.09	 	
Noninterest-bearing deposits	  	21,445.1	 	 		  			 	22,395.8	 	 		  			
Other liabilities	  	5,633.7	 	 		  			 	6,185.4	 	 		  			
Noninterest-bearing trading liabilities	  	1,370.8	 	 		  			 	1,178.8	 	 		  			
Shareholders’ equity	  	17,550.2	 	 		  			 	17,928.1	 	 		  			
	  	 	 	 		  			 	 	 	 		  			
Total liabilities and shareholders’ equity	  	$174,653.4	 	 		  			 	$179,996.5	 	 		  			

Interest Rate Spread	  			 		  	2.54	%	 			 		  	2.45	%	
	  			 	 	  	 	 	 			 	 	  	 	 	
Net Interest Income - FTE 1	  			 	$1,219.2	  			 			 	$1,220.0	  			

Net Interest Margin 2	  			 		  	3.18	%	 			 		  	3.10	%	

1 The fully taxable-equivalent (“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.
2 The net interest margin is calculated by dividing annualized net interest income - FTE by average total earning assets.
 
Page 7

SunTrust Banks, Inc. and Subsidiaries
CONSOLIDATED DAILY AVERAGE BALANCES,
AVERAGE YIELDS EARNED AND RATES PAID
(Dollars in millions; yields on taxable-equivalent basis) (Unaudited)

																									
 	 	Three Months Ended	 	
 	 	March 31, 2007	 	 	December 31, 2006	 	 	September 30, 2006	 	
 	 	Average
Balances	 	 	Interest
Income/
Expense	 	Yields/
Rates	 	 	Average
Balances	 	 	Interest
Income/
Expense	 	Yields/
Rates	 	 	Average
Balances	 	 	Interest
Income/
Expense	 	Yields/
Rates	 	
ASSETS	 			 		 			 			 		 			 			 		 			
Loans:	 			 		 			 			 		 			 			 		 			
Real estate 1-4 family	 	$34,089.1	 	 	$527.3	 	6.19	%	 	$34,345.4	 	 	$531.8	 	6.19	%	 	$33,875.7	 	 	$519.4	 	6.13	%	
Real estate construction	 	13,430.3	 	 	252.7	 	7.63	 	 	13,204.0	 	 	254.3	 	7.64	 	 	12,805.6	 	 	247.5	 	7.67	 	
Real estate home equity lines	 	13,738.1	 	 	268.3	 	7.92	 	 	13,722.9	 	 	273.4	 	7.90	 	 	13,626.3	 	 	270.2	 	7.87	 	
Real estate commercial	 	12,830.6	 	 	220.2	 	6.96	 	 	12,784.8	 	 	223.1	 	6.93	 	 	12,808.6	 	 	223.4	 	6.92	 	
Commercial - FTE 1	 	34,032.8	 	 	535.6	 	6.38	 	 	33,965.1	 	 	545.8	 	6.37	 	 	34,306.9	 	 	542.1	 	6.27	 	
Business credit card	 	369.5	 	 	5.5	 	5.94	 	 	351.4	 	 	5.3	 	5.99	 	 	323.8	 	 	5.0	 	6.14	 	
Consumer - direct	 	4,220.5	 	 	76.0	 	7.30	 	 	4,116.3	 	 	76.8	 	7.40	 	 	4,206.9	 	 	76.7	 	7.23	 	
Consumer - indirect	 	8,166.5	 	 	122.0	 	6.06	 	 	8,231.8	 	 	123.8	 	5.97	 	 	8,339.1	 	 	121.5	 	5.78	 	
Nonaccrual and restructured	 	637.5	 	 	4.5	 	2.85	 	 	642.1	 	 	5.0	 	3.06	 	 	449.1	 	 	4.4	 	3.87	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total loans	 	121,514.9	 	 	2,012.1	 	6.72	 	 	121,363.8	 	 	2,039.3	 	6.67	 	 	120,742.0	 	 	2,010.2	 	6.61	 	
Securities available for sale:	 			 		 			 			 		 			 			 		 			
Taxable	 	6,650.6	 	 	108.7	 	6.54	 	 	22,170.4	 	 	282.0	 	5.09	 	 	23,027.9	 	 	286.9	 	4.98	 	
Tax-exempt - FTE 1	 	1,038.8	 	 	15.2	 	5.86	 	 	998.0	 	 	14.6	 	5.85	 	 	968.7	 	 	14.1	 	5.84	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total securities available for sale - FTE 1	 	7,689.4	 	 	123.9	 	6.44	 	 	23,168.4	 	 	296.6	 	5.12	 	 	23,996.6	 	 	301.0	 	5.02	 	
Funds sold and securities purchased under agreements to resell	 	1,006.3	 	 	12.9	 	5.12	 	 	1,176.3	 	 	15.4	 	5.15	 	 	1,084.1	 	 	14.3	 	5.16	 	
Loans held for sale	 	11,205.2	 	 	173.7	 	6.20	 	 	12,009.3	 	 	198.4	 	6.61	 	 	11,026.4	 	 	188.0	 	6.82	 	
Interest-bearing deposits	 	28.9	 	 	0.4	 	5.69	 	 	31.2	 	 	0.3	 	3.76	 	 	25.8	 	 	0.3	 	5.04	 	
Interest earning trading assets	 	18,028.9	 	 	228.8	 	5.15	 	 	2,365.8	 	 	38.6	 	6.46	 	 	2,039.8	 	 	34.2	 	6.64	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total earning assets	 	159,473.6	 	 	2,551.8	 	6.49	 	 	160,114.8	 	 	2,588.6	 	6.41	 	 	158,914.7	 	 	2,548.0	 	6.36	 	
Allowance for loan and lease losses	 	(1,050.5	)	 		 			 	(1,086.1	)	 		 			 	(1,070.8	)	 		 			
Cash and due from banks	 	3,520.0	 	 		 			 	3,683.1	 	 		 			 	3,705.8	 	 		 			
Premises and equipment	 	2,001.0	 	 		 			 	1,957.4	 	 		 			 	1,925.7	 	 		 			
Other assets	 	14,271.9	 	 		 			 	14,708.2	 	 		 			 	14,702.1	 	 		 			
Noninterest earning trading assets	 	985.1	 	 		 			 	1,000.5	 	 		 			 	948.8	 	 		 			
Unrealized gains on securities available for sale, net	 	2,305.3	 	 		 			 	1,965.4	 	 		 			 	1,374.6	 	 		 			
	 	 	 	 		 			 	 	 	 		 			 	 	 	 		 			
Total assets	 	$181,506.4	 	 		 			 	$182,343.3	 	 		 			 	$180,500.9	 	 		 			
	 	 	 	 		 			 	 	 	 		 			 	 	 	 		 			
LIABILITIES AND SHAREHOLDERS’ EQUITY	 			 		 			 			 		 			 			 		 			
Interest-bearing deposits:	 			 		 			 			 		 			 			 		 			
NOW accounts	 	$19,820.1	 	 	$115.9	 	2.37	%	 	$18,441.1	 	 	$102.2	 	2.20	%	 	$16,596.2	 	 	$78.1	 	1.87	%	
Money market accounts	 	22,089.1	 	 	142.9	 	2.62	 	 	23,075.7	 	 	153.1	 	2.63	 	 	24,267.0	 	 	171.4	 	2.80	 	
Savings	 	5,024.8	 	 	16.3	 	1.32	 	 	5,437.0	 	 	23.6	 	1.73	 	 	5,591.2	 	 	24.1	 	1.71	 	
Consumer time	 	16,809.4	 	 	183.1	 	4.42	 	 	16,682.8	 	 	180.8	 	4.30	 	 	16,402.5	 	 	169.8	 	4.11	 	
Other time	 	12,115.8	 	 	144.0	 	4.82	 	 	12,338.6	 	 	148.3	 	4.77	 	 	11,852.2	 	 	138.1	 	4.62	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total interest-bearing consumer and commercial deposits	 	75,859.2	 	 	602.2	 	3.22	 	 	75,975.2	 	 	608.0	 	3.18	 	 	74,709.1	 	 	581.5	 	3.09	 	
Brokered deposits	 	18,888.5	 	 	250.8	 	5.31	 	 	18,102.0	 	 	243.1	 	5.25	 	 	18,420.7	 	 	246.1	 	5.23	 	
Foreign deposits	 	7,825.6	 	 	102.9	 	5.26	 	 	8,022.2	 	 	107.6	 	5.25	 	 	9,537.6	 	 	128.5	 	5.27	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total interest-bearing deposits	 	102,573.3	 	 	955.9	 	3.78	 	 	102,099.4	 	 	958.7	 	3.73	 	 	102,667.4	 	 	956.1	 	3.69	 	
Funds purchased	 	4,693.1	 	 	61.2	 	5.22	 	 	5,163.4	 	 	68.8	 	5.21	 	 	4,206.7	 	 	56.2	 	5.23	 	
Securities sold under agreements to repurchase	 	6,768.0	 	 	79.5	 	4.70	 	 	7,148.8	 	 	86.3	 	4.72	 	 	7,146.3	 	 	86.0	 	4.71	 	
Interest-bearing trading liabilities	 	409.4	 	 	4.3	 	4.25	 	 	488.5	 	 	5.3	 	4.28	 	 	291.0	 	 	2.7	 	3.70	 	
Other short-term borrowings	 	1,758.4	 	 	21.7	 	5.01	 	 	1,913.3	 	 	24.4	 	5.08	 	 	1,001.3	 	 	14.2	 	5.62	 	
Long-term debt	 	19,000.8	 	 	240.9	 	5.14	 	 	17,854.2	 	 	259.9	 	5.78	 	 	17,735.2	 	 	258.9	 	5.79	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total interest-bearing liabilities	 	135,203.0	 	 	1,363.5	 	4.09	 	 	134,667.6	 	 	1,403.4	 	4.13	 	 	133,047.9	 	 	1,374.1	 	4.10	 	
Noninterest-bearing deposits	 	21,933.1	 	 		 			 	22,577.7	 	 		 			 	22,933.4	 	 		 			
Other liabilities	 	5,499.1	 	 		 			 	5,779.5	 	 		 			 	5,664.5	 	 		 			
Noninterest-bearing trading liabilities	 	1,150.8	 	 		 			 	1,163.0	 	 		 			 	1,193.3	 	 		 			
Shareholders’ equity	 	17,720.4	 	 		 			 	18,155.5	 	 		 			 	17,661.8	 	 		 			
	 	 	 	 		 			 	 	 	 		 			 	 	 	 		 			
Total liabilities and shareholders’ equity	 	$181,506.4	 	 		 			 	$182,343.3	 	 		 			 	$180,500.9	 	 		 			

Interest Rate Spread	 			 		 	2.40	%	 			 		 	2.28	%	 			 		 	2.26	%	
	 			 	 	 	 	 	 			 	 	 	 	 	 			 	 	 	 	 	
Net Interest Income - FTE 1	 			 	$1,188.3	 			 			 	$1,185.2	 			 			 	$1,173.9	 			

Net Interest Margin 2	 			 		 	3.02	%	 			 		 	2.94	%	 			 		 	2.93	%	

1 The fully taxable-equivalent (“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.
2 The net interest margin is calculated by dividing annualized net interest income - FTE by average total earning assets.
 
Page 8

SunTrust Banks, Inc. and Subsidiaries
CONSOLIDATED DAILY AVERAGE BALANCES,
AVERAGE YIELDS EARNED AND RATES PAID
(Dollars in millions; yields on taxable-equivalent basis) (Unaudited)

																	
 	 	Nine Months Ended	 	
 	 	September 30, 2007	 	 	September 30, 2006	 	
 	 	Average
Balances	 	 	Interest
Income/
Expense	 	Yields/
Rates	 	 	Average
Balances	 	 	Interest
Income/
Expense	 	Yields/
Rates	 	
ASSETS	 			 		 			 			 		 			
Loans:	 			 		 			 			 		 			
Real estate 1-4 family	 	$31,937.7	 	 	$1,519.0	 	6.34	%	 	$33,246.6	 	 	$1,490.8	 	5.98	%	
Real estate construction	 	13,610.0	 	 	772.1	 	7.59	 	 	12,040.7	 	 	669.5	 	7.43	 	
Real estate home equity lines	 	13,908.4	 	 	820.1	 	7.88	 	 	13,512.1	 	 	758.9	 	7.51	 	
Real estate commercial	 	12,773.7	 	 	666.3	 	6.97	 	 	12,810.0	 	 	643.4	 	6.71	 	
Commercial - FTE 1	 	33,963.6	 	 	1,637.8	 	6.45	 	 	33,792.7	 	 	1,541.6	 	6.10	 	
Business credit card	 	430.4	 	 	15.6	 	4.83	 	 	303.1	 	 	13.9	 	6.13	 	
Consumer - direct	 	4,312.5	 	 	234.2	 	7.26	 	 	4,577.0	 	 	236.8	 	6.92	 	
Consumer - indirect	 	8,064.7	 	 	369.7	 	6.13	 	 	8,425.2	 	 	353.8	 	5.61	 	
Nonaccrual and restructured	 	737.9	 	 	13.1	 	2.37	 	 	358.6	 	 	11.6	 	4.33	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total loans	 	119,738.9	 	 	6,047.9	 	6.75	 	 	119,066.0	 	 	5,720.3	 	6.42	 	
Securities available for sale:	 			 		 			 			 		 			
Taxable	 	9,755.0	 	 	456.1	 	6.23	 	 	23,855.7	 	 	864.8	 	4.83	 	
Tax-exempt - FTE 1	 	1,040.3	 	 	46.2	 	5.92	 	 	939.8	 	 	41.2	 	5.85	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total securities available for sale - FTE 1	 	10,795.3	 	 	502.3	 	6.20	 	 	24,795.5	 	 	906.0	 	4.87	 	
Funds sold and securities purchased under agreement to resell	 	971.8	 	 	37.3	 	5.05	 	 	1,152.6	 	 	41.5	 	4.74	 	
Loans held for sale	 	11,463.8	 	 	529.8	 	6.16	 	 	10,770.5	 	 	529.6	 	6.56	 	
Interest-bearing deposits	 	25.9	 	 	1.0	 	5.25	 	 	114.5	 	 	3.0	 	3.58	 	
Interest earning trading assets	 	13,443.2	 	 	544.4	 	5.41	 	 	1,961.3	 	 	91.0	 	6.20	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total earning assets	 	156,438.9	 	 	7,662.7	 	6.55	 	 	157,860.4	 	 	7,291.4	 	6.18	 	
Allowance for loan and lease losses	 	(1,049.1	)	 		 			 	(1,053.0	)	 		 			
Cash and due from banks	 	3,454.6	 	 		 			 	3,885.9	 	 		 			
Premises and equipment	 	1,968.3	 	 		 			 	1,901.8	 	 		 			
Other assets	 	14,573.2	 	 		 			 	14,589.3	 	 		 			
Noninterest earning trading assets	 	1,043.2	 	 		 			 	943.0	 	 		 			
Unrealized gains on securities available for sale, net	 	2,264.5	 	 		 			 	1,504.3	 	 		 			
	 	 	 	 		 			 	 	 	 		 			
Total assets	 	$178,693.6	 	 		 			 	$179,631.7	 	 		 			
	 	 	 	 		 			 	 	 	 		 			
LIABILITIES AND SHAREHOLDERS’ EQUITY	 			 		 			 			 		 			
Interest-bearing deposits:	 			 		 			 			 		 			
NOW accounts	 	$19,808.7	 	 	$352.8	 	2.38	%	 	$16,801.0	 	 	$205.6	 	1.64	%	
Money market accounts	 	22,142.6	 	 	444.9	 	2.69	 	 	24,990.6	 	 	481.4	 	2.58	 	
Savings	 	4,753.9	 	 	44.4	 	1.25	 	 	5,348.9	 	 	55.4	 	1.39	 	
Consumer time	 	16,864.0	 	 	567.0	 	4.49	 	 	15,265.4	 	 	433.8	 	3.80	 	
Other time	 	11,979.3	 	 	434.8	 	4.85	 	 	10,745.3	 	 	344.6	 	4.29	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total interest-bearing consumer and commercial deposits	 	75,548.5	 	 	1,843.9	 	3.26	 	 	73,151.2	 	 	1,520.8	 	2.78	 	
Brokered deposits	 	17,211.1	 	 	692.9	 	5.31	 	 	17,197.8	 	 	637.5	 	4.89	 	
Foreign deposits	 	6,714.3	 	 	264.6	 	5.20	 	 	9,415.8	 	 	347.7	 	4.87	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total interest-bearing deposits	 	99,473.9	 	 	2,801.4	 	3.77	 	 	99,764.8	 	 	2,506.0	 	3.36	 	
Funds purchased	 	3,641.9	 	 	142.4	 	5.15	 	 	4,195.5	 	 	154.2	 	4.85	 	
Securities sold under agreements to repurchase	 	6,276.0	 	 	218.6	 	4.59	 	 	7,066.2	 	 	233.8	 	4.36	 	
Interest-bearing trading liabilities	 	405.3	 	 	12.1	 	3.99	 	 	376.7	 	 	10.3	 	3.64	 	
Other short-term borrowings	 	2,253.9	 	 	83.7	 	4.96	 	 	1,370.3	 	 	49.8	 	4.86	 	
Long-term debt	 	19,980.0	 	 	777.0	 	5.20	 	 	18,852.2	 	 	774.0	 	5.49	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total interest-bearing liabilities	 	132,031.0	 	 	4,035.2	 	4.09	 	 	131,625.7	 	 	3,728.1	 	3.79	 	
Noninterest-bearing deposits	 	21,922.9	 	 		 			 	23,559.8	 	 		 			
Other liabilities	 	5,773.1	 	 		 			 	5,934.3	 	 		 			
Noninterest-bearing trading liabilities	 	1,234.3	 	 		 			 	1,170.3	 	 		 			
Shareholders’ equity	 	17,732.3	 	 		 			 	17,341.6	 	 		 			
	 	 	 	 		 			 	 	 	 		 			
Total liabilities and shareholders’ equity	 	$178,693.6	 	 		 			 	$179,631.7	 	 		 			

Interest Rate Spread	 			 		 	2.46	%	 			 		 	2.39	%	
	 			 	 	 	 	 	 			 	 	 	 	 	
Net Interest Income - FTE 1	 			 	$3,627.5	 			 			 	$3,563.3	 			

Net Interest Margin 2	 			 		 	3.10	%	 			 		 	3.02	%	

1 The fully taxable-equivalent (“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.
2 The net interest margin is calculated by dividing annualized net interest income - FTE by average total earning assets.
 
Page 9

SunTrust Banks, Inc. and Subsidiaries
OTHER FINANCIAL DATA
(Dollars in thousands) (Unaudited)

																			
 	  	Three Months Ended	 	 	 	 	 	Nine Months Ended	 	 	 	 	
 	  	September 30	 	 	%
Change  1	 	 	September 30	 	 	%
Change  1	 	
 	  	2007	 	 	2006	 	 			 	2007	 	 	2006	 	 			
CREDIT DATA	  			 			 			 			 			 			
Allowance for loan and lease losses - beginning	  	$1,050,362	 	 	$1,061,862	 	 	(1.1	)%	 	$1,044,521	 	 	$1,028,128	 	 	1.6	%	
Provision for loan losses	  	147,020	 	 	61,568	 	 	NM	 	 	308,141	 	 	146,730	 	 	NM	 	
Allowance associated with loans at fair value 2	  	-	 	 	-	 	 	-	 	 	(4,100	)	 	-	 	 	(100.0	)	
Charge-offs	  			 			 			 			 			 			
Commercial	  	(39,487	)	 	(23,062	)	 	71.2	 	 	(102,620	)	 	(55,670	)	 	84.3	 	
Real estate:	  			 			 			 			 			 			
Home equity lines	  	(29,075	)	 	(6,460	)	 	NM	 	 	(69,376	)	 	(17,778	)	 	NM	 	
Construction	  	(2,477	)	 	(814	)	 	NM	 	 	(4,543	)	 	(1,051	)	 	NM	 	
Residential mortgages	  	(19,853	)	 	(9,113	)	 	NM	 	 	(53,761	)	 	(21,790	)	 	NM	 	
Commercial real estate	  	(789	)	 	(487	)	 	62.0	 	 	(1,770	)	 	(3,794	)	 	(53.3	)	
Consumer:	  			 			 			 			 			 			
Direct	  	(5,661	)	 	(4,544	)	 	24.6	 	 	(16,879	)	 	(16,086	)	 	4.9	 	
Indirect	  	(28,944	)	 	(18,639	)	 	55.3	 	 	(74,006	)	 	(56,865	)	 	30.1	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total charge-offs	  	(126,286	)	 	(63,119	)	 	NM	 	 	(322,955	)	 	(173,034	)	 	86.6	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Recoveries	  			 			 			 			 			 			
Commercial	  	6,322	 	 	9,636	 	 	(34.4	)	 	17,629	 	 	23,314	 	 	(24.4	)	
Real estate:	  			 			 			 			 			 			
Home equity lines	  	2,101	 	 	1,618	 	 	29.9	 	 	5,607	 	 	5,311	 	 	5.6	 	
Construction	  	82	 	 	520	 	 	(84.2	)	 	445	 	 	1,285	 	 	(65.4	)	
Residential mortgages	  	1,107	 	 	1,831	 	 	(39.5	)	 	4,134	 	 	6,223	 	 	(33.6	)	
Commercial real estate	  	861	 	 	475	 	 	81.3	 	 	1,064	 	 	4,464	 	 	(76.2	)	
Consumer:	  			 			 			 			 			 			
Direct	  	2,108	 	 	2,713	 	 	(22.3	)	 	7,129	 	 	9,321	 	 	(23.5	)	
Indirect	  	10,014	 	 	10,212	 	 	(1.9	)	 	32,076	 	 	35,574	 	 	(9.8	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total recoveries	  	22,595	 	 	27,005	 	 	(16.3	)	 	68,084	 	 	85,492	 	 	(20.4	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net charge-offs	  	(103,691	)	 	(36,114	)	 	NM	 	 	(254,871	)	 	(87,542	)	 	NM	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Allowance for loan and lease losses - ending	  	$1,093,691	 	 	$1,087,316	 	 	0.6	 	 	$1,093,691	 	 	$1,087,316	 	 	0.6	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net charge-offs to average loans (annualized)	  			 			 			 			 			 			
Commercial	  	0.38	%	 	0.15	%	 	NM	%	 	0.33	%	 	0.13	%	 	NM	%	
Real estate:	  			 			 			 			 			 			
Home equity lines	  	0.76	 	 	0.14	 	 	NM	 	 	0.61	 	 	0.12	 	 	NM	 	
Construction	  	0.07	 	 	0.01	 	 	NM	 	 	0.04	 	 	-	 	 	100.0	 	
Residential mortgages	  	0.24	 	 	0.08	 	 	NM	 	 	0.20	 	 	0.06	 	 	NM	 	
Commercial real estate	  	-	 	 	-	 	 	-	 	 	0.01	 	 	(0.01	)	 	NM	 	
Consumer:	  			 			 			 			 			 			
Direct	  	0.32	 	 	0.17	 	 	88.2	 	 	0.30	 	 	0.20	 	 	50.0	 	
Indirect	  	0.94	 	 	0.40	 	 	NM	 	 	0.69	 	 	0.34	 	 	NM	 	
Total net charge-offs to total average loans	  	0.34	 	 	0.12	 	 	NM	 	 	0.28	 	 	0.10	 	 	NM	 	
Period Ended	  			 			 			 			 			 			
Nonaccrual loans	  			 			 			 			 			 			
Commercial	  	$74,246	 	 	$263,684	 	 	(71.8	)%	 			 			 			
Real estate:	  			 			 			 			 			 			
Construction	  	158,194	 	 	26,508	 	 	NM	 	 			 			 			
Residential mortgages 3	  	691,122	 	 	189,218	 	 	NM	 	 			 			 			
Commercial real estate	  	40,649	 	 	54,394	 	 	(25.3	)	 			 			 			
Consumer loans	  	10,580	 	 	22,685	 	 	(53.4	)	 			 			 			
	  	 	 	 	 	 	 			 			 			 			
Total nonaccrual loans	  	974,791	 	 	556,489	 	 	75.2	 	 			 			 			
Restructured loans	  	29,057	 	 	28,934	 	 	0.4	 	 			 			 			
	  	 	 	 	 	 	 			 			 			 			
Total nonperforming loans	  	1,003,848	 	 	585,423	 	 	71.5	 	 			 			 			
Other real estate owned (OREO)	  	156,106	 	 	41,690	 	 	NM	 	 			 			 			
Other repossessed assets	  	9,974	 	 	6,670	 	 	49.5	 	 			 			 			
	  	 	 	 	 	 	 			 			 			 			
Total nonperforming assets	  	$1,169,928	 	 	$633,783	 	 	84.6	 	 			 			 			
	  	 	 	 	 	 	 			 			 			 			
Total accruing loans past due 90 days or more	  	$495,384	 	 	$301,878	 	 	64.1	%	 			 			 			
	  	 	 	 	 	 	 			 			 			 			
Total nonperforming loans to total loans	  	0.83	%	 	0.48	%	 	72.9	%	 			 			 			
Total nonperforming assets to total loans plus	  			 			 			 			 			 			
OREO and other repossessed assets	  	0.97	 	 	0.52	 	 	86.5	 	 			 			 			
Allowance to period-end loans	  	0.91	 	 	0.90	 	 	1.1	 	 			 			 			
Allowance to nonperforming loans	  	109.0	 	 	185.7	 	 	(41.3	)	 			 			 			

1 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.
2 Amount removed from the allowance for loan losses related to the Company’s election to record $4.1 billion of residential mortgages at fair value.
3 Includes home equity lines on nonaccrual status.
 
Page 10

SunTrust Banks, Inc. and Subsidiaries
FIVE QUARTER OTHER FINANCIAL DATA
(Dollars in thousands) (Unaudited)

																			
 	  	Three Months Ended	 	
 	  	September 30
2007	 	 	June 30
2007	 	 	%
Change  1	 	 	March 31
2007	 	 	December 31
2006	 	 	September 30
2006	 	
CREDIT DATA	  			 			 			 			 			 			
Allowance for loan and lease losses - beginning	  	$1,050,362	 	 	$1,033,939	 	 	1.6	%	 	$1,044,521	 	 	$1,087,316	 	 	$1,061,862	 	
Provision for loan losses	  	147,020	 	 	104,680	 	 	40.4	 	 	56,441	 	 	115,806	 	 	61,568	 	
Allowance associated with loans at fair value 2	  	-	 	 	-	 	 	-	 	 	(4,100	)	 	-	 	 	-	 	
Charge-offs	  			 			 			 			 			 			
Commercial	  	(39,487	)	 	(40,853	)	 	(3.3	)	 	(22,280	)	 	(127,831	)	 	(23,062	)	
Real estate:	  			 			 			 			 			 			
Home equity lines	  	(29,075	)	 	(24,429	)	 	19.0	 	 	(15,872	)	 	(11,038	)	 	(6,460	)	
Construction	  	(2,477	)	 	(1,468	)	 	68.7	 	 	(598	)	 	(1,230	)	 	(814	)	
Residential mortgages	  	(19,853	)	 	(19,615	)	 	1.2	 	 	(14,293	)	 	(7,806	)	 	(9,113	)	
Commercial real estate	  	(789	)	 	(694	)	 	13.7	 	 	(287	)	 	(4,256	)	 	(487	)	
Consumer:	  			 			 			 			 			 			
Direct	  	(5,661	)	 	(5,362	)	 	5.6	 	 	(5,856	)	 	(5,924	)	 	(4,544	)	
Indirect	  	(28,944	)	 	(19,301	)	 	50.0	 	 	(25,761	)	 	(25,450	)	 	(18,639	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 	 	 	
Total charge-offs	  	(126,286	)	 	(111,722	)	 	13.0	 	 	(84,947	)	 	(183,535	)	 	(63,119	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 	 	 	
Recoveries	  			 			 			 			 			 			
Commercial	  	6,322	 	 	5,536	 	 	14.2	 	 	5,771	 	 	6,657	 	 	9,636	 	
Real estate:	  			 			 			 			 			 			
Home equity lines	  	2,101	 	 	2,323	 	 	(9.6	)	 	1,183	 	 	1,529	 	 	1,618	 	
Construction	  	82	 	 	244	 	 	(66.4	)	 	119	 	 	755	 	 	520	 	
Residential mortgages	  	1,107	 	 	1,614	 	 	(31.4	)	 	1,413	 	 	1,686	 	 	1,831	 	
Commercial real estate	  	861	 	 	162	 	 	NM	 	 	41	 	 	1,748	 	 	475	 	
Consumer:	  			 			 			 			 			 			
Direct	  	2,108	 	 	2,568	 	 	(17.9	)	 	2,453	 	 	2,805	 	 	2,713	 	
Indirect	  	10,014	 	 	11,018	 	 	(9.1	)	 	11,044	 	 	9,754	 	 	10,212	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 	 	 	
Total recoveries	  	22,595	 	 	23,465	 	 	(3.7	)	 	22,024	 	 	24,934	 	 	27,005	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 	 	 	
Net charge-offs	  	(103,691	)	 	(88,257	)	 	17.5	 	 	(62,923	)	 	(158,601	)	 	(36,114	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 	 	 	
Allowance for loan and lease losses - ending	  	$1,093,691	 	 	$1,050,362	 	 	4.1	 	 	$1,033,939	 	 	$1,044,521	 	 	$1,087,316	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 	 	 	
Net charge-offs to average loans (annualized)	  			 			 			 			 			 			
Commercial	  	0.38	%	 	0.42	%	 	9.5	%	 	0.19	%	 	1.39	%	 	0.15	%	
Real estate:	  			 			 			 			 			 			
Home equity lines	  	0.76	 	 	0.64	 	 	18.8	 	 	0.43	 	 	0.27	 	 	0.14	 	
Construction	  	0.07	 	 	0.04	 	 	75.0	 	 	0.01	 	 	0.01	 	 	0.01	 	
Residential mortgages	  	0.24	 	 	0.23	 	 	4.3	 	 	0.15	 	 	0.07	 	 	0.08	 	
Commercial real estate	  	-	 	 	0.02	 	 	(100.0	)	 	0.01	 	 	0.08	 	 	-	 	
Consumer:	  			 			 			 			 			 			
Direct	  	0.32	 	 	0.26	 	 	23.1	 	 	0.33	 	 	0.30	 	 	0.17	 	
Indirect	  	0.94	 	 	0.41	 	 	NM	 	 	0.73	 	 	0.75	 	 	0.40	 	
Total net charge-offs to total average loans	  	0.34	 	 	0.30	 	 	13.3	 	 	0.21	 	 	0.52	 	 	0.12	 	
Period Ended	  			 			 			 			 			 			
Nonaccrual loans	  			 			 			 			 			 			
Commercial	  	$74,246	 	 	$91,895	 	 	(19.2	)%	 	$118,737	 	 	$106,769	 	 	$263,684	 	
Real estate:	  			 			 			 			 			 			
Construction	  	158,194	 	 	77,936	 	 	NM	 	 	54,885	 	 	38,646	 	 	26,508	 	
Residential mortgages 3	  	691,122	 	 	511,566	 	 	35.1	 	 	401,095	 	 	286,676	 	 	189,218	 	
Commercial real estate	  	40,649	 	 	44,168	 	 	(8.0	)	 	47,463	 	 	55,365	 	 	54,394	 	
Consumer loans	  	10,580	 	 	11,235	 	 	(5.8	)	 	15,141	 	 	16,302	 	 	22,685	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 	 	 	
Total nonaccrual loans	  	974,791	 	 	736,800	 	 	32.3	 	 	637,321	 	 	503,758	 	 	556,489	 	
Restructured loans	  	29,057	 	 	27,816	 	 	4.5	 	 	27,772	 	 	27,993	 	 	28,934	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 	 	 	
Total nonperforming loans	  	1,003,848	 	 	764,616	 	 	31.3	 	 	665,093	 	 	531,751	 	 	585,423	 	
Other real estate owned (OREO)	  	156,106	 	 	100,973	 	 	54.6	 	 	74,645	 	 	55,460	 	 	41,690	 	
Other repossessed assets	  	9,974	 	 	7,250	 	 	37.6	 	 	6,202	 	 	6,617	 	 	6,670	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 	 	 	
Total nonperforming assets	  	$1,169,928	 	 	$872,839	 	 	34.0	 	 	$745,940	 	 	$593,828	 	 	$633,783	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 	 	 	
Total accruing loans past due 90 days or more	  	$495,384	 	 	$449,038	 	 	10.3	%	 	$369,940	 	 	$353,115	 	 	$301,878	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 	 	 	
Total nonperforming loans to total loans	  	0.83	%	 	0.64	%	 	29.7	%	 	0.57	%	 	0.44	%	 	0.48	%	
Total nonperforming assets to total loans plus OREO and other repossessed assets	  	0.97	 	 	0.73	 	 	32.9	 	 	0.64	 	 	0.49	 	 	0.52	 	
Allowance to period-end loans	  	0.91	 	 	0.88	 	 	3.4	 	 	0.88	 	 	0.86	 	 	0.90	 	
Allowance to nonperforming loans	  	109.0	 	 	137.4	 	 	(20.7	)	 	155.5	 	 	196.4	 	 	185.7	 	

1 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.
2 Amount removed from the allowance for loan losses related to the Company’s election to record $4.1 billion of residential mortgages at fair value.
3 Includes home equity lines on nonaccrual status.
 
Page 11

SunTrust Banks, Inc. and Subsidiaries
OTHER FINANCIAL DATA (continued)
(Dollars and shares in thousands, except per share data) (Unaudited)

																									
 	 	Three Months Ended	 	 	Nine Months Ended	 	
 	 	September 30	 	 	September 30	 	
 	 	Core Deposit
Intangible	 	 	Mortgage
Servicing
Rights	 	 	Other	 	 	Total	 	 	Core Deposit
Intangible	 	 	Mortgage
Servicing
Rights	 	 	Other	 	 	Total	 	
OTHER INTANGIBLE ASSET ROLLFORWARD	 			 			 			 			 			 			 			 			
Balance, beginning of period	 	$282,196	 	 	$720,374	 	 	$138,776	 	 	$1,141,346	 	 	$324,743	 	 	$657,604	 	 	$140,620	 	 	$1,122,967	 	
Amortization	 	(21,035	)	 	(49,632	)	 	(4,757	)	 	(75,424	)	 	(64,667	)	 	(139,975	)	 	(14,255	)	 	(218,897	)	
Servicing rights originated	 	-	 	 	118,123	 	 	-	 	 	118,123	 	 	-	 	 	361,904	 	 	-	 	 	361,904	 	
Community Bank of Florida branch acquisition	 	-	 	 	-	 	 	-	 	 	-	 	 	1,085	 	 	-	 	 	-	 	 	1,085	 	
Reclass investment to trading assets	 	-	 	 	-	 	 	-	 	 	-	 	 	-	 	 	-	 	 	(1,050	)	 	(1,050	)	
Purchase of GenSpring (formerly AMA, LLC) minority shares	 	-	 	 	-	 	 	599	 	 	599	 	 	-	 	 	-	 	 	5,072	 	 	5,072	 	
Sale/securitization of mortgage servicing rights	 	-	 	 	(64,542	)	 	-	 	 	(64,542	)	 	-	 	 	(155,210	)	 	-	 	 	(155,210	)	
Issuance of noncompete agreement	 	-	 	 	-	 	 	-	 	 	-	 	 	-	 	 	-	 	 	4,231	 	 	4,231	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Balance, September 30, 2006	 	$261,161	 	 	$724,323	 	 	$134,618	 	 	$1,120,102	 	 	$261,161	 	 	$724,323	 	 	$134,618	 	 	$1,120,102	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Balance, beginning of period	 	$205,574	 	 	$942,012	 	 	$142,874	 	 	$1,290,460	 	 	$241,614	 	 	$810,509	 	 	$129,861	 	 	$1,181,984	 	
Amortization	 	(17,202	)	 	(45,329	)	 	(7,617	)	 	(70,148	)	 	(53,242	)	 	(133,266	)	 	(20,024	)	 	(206,532	)	
Servicing rights originated	 	-	 	 	161,962	 	 	-	 	 	161,962	 	 	-	 	 	497,058	 	 	-	 	 	497,058	 	
Purchase of GenSpring (formerly AMA, LLC) minority shares	 	-	 	 	-	 	 	927	 	 	927	 	 	-	 	 	-	 	 	2,205	 	 	2,205	 	
Client relationship intangible obtained from GenSpring’s acquisition of TBK Investments, Inc.	 	-	 	 	-	 	 	6,520	 	 	6,520	 	 	-	 	 	-	 	 	6,520	 	 	6,520	 	
Intangible assets obtained from sale upon merger of Lighthouse Partners, net 1	 	-	 	 	-	 	 	-	 	 	-	 	 	-	 	 	-	 	 	24,142	 	 	24,142	 	
Sale/securitization of mortgage servicing rights	 	-	 	 	(62,661	)	 	-	 	 	(62,661	)	 	-	 	 	(178,317	)	 	-	 	 	(178,317	)	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Balance, September 30, 2007	 	$188,372	 	 	$995,984	 	 	$142,704	 	 	$1,327,060	 	 	$188,372	 	 	$995,984	 	 	$142,704	 	 	$1,327,060	 	

 	 	Three Months Ended	 	 	 	 	 	 	 	 	 	 	
 	 	September 30
2007	 	 	June 30
2007	 	 	March 31
2007	 	 	December 31
2006	 	 	September 30
2006	 	 	 	 	 	 	 	 	 	 	
COMMON SHARE ROLLFORWARD	 			 			 			 			 			 			 			 			
Beginning balance	 	349,053	 	 	356,505	 	 	354,903	 	 	363,868	 	 	364,129	 	 			 			 			
Common shares issued/exchanged for employee benefit plans, stock option, performance and restricted stock activity	 	483	 	 	1,228	 	 	2,218	 	 	961	 	 	1,379	 	 			 			 			
Acquisition of treasury stock	 	(1,462	)	 	(8,680	)	 	(616	)	 	(9,926	)	 	(1,640	)	 			 			 			
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 			 			 			
Ending balance	 	348,074	 	 	349,053	 	 	356,505	 	 	354,903	 	 	363,868	 	 			 			 			
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 			 			 			
COMMON STOCK REPURCHASE ACTIVITY	 			 			 			 			 			 			 			 			
Number of common shares repurchased 2	 	1,472	 	 	8,715	 	 	653	 	 	9,962	 	 	1,660	 	 			 			 			
Average price per share of repurchased common shares	 	$81.00	 	 	$87.02	 	 	$82.83	 	 	$77.76	 	 	$76.69	 	 			 			 			
Total cost to acquire treasury shares	 	$-	 	 	$853,386	 	 	$-	 	 	$870,669	 	 	$125,752	 	 			 			 			
Maximum number of common shares that may yet be purchased under plans or programs 3	 	1,009	 	 	2,471	 	 	11,151	 	 	11,767	 	 	8,360	 	 			 			 			

1 During the first quarter of 2007 SunTrust merged its wholly-owned subsidiary, Lighthouse Partners, into Lighthouse Investment Partners, LLC in exchange for a minority interest in Lighthouse Investment Partners, LLC and a revenue-sharing agreement. This transaction resulted in a $7.9 million decrease in existing intangible assets and a new intangible asset of $32.0 million.
2 This figure includes shares repurchased pursuant to SunTrust’s employee stock option plans, pursuant to which participants may pay the exercise price upon exercise of SunTrust stock options by surrendering shares of SunTrust common stock which the participant already owns.
3 In August 2006, the Board authorized the Company to repurchase up to an additional $1 billion or 13,333,334 shares of the Company’s Common Stock, under which authority the Company repurchased 9,926,589 shares during 2006 under an Accelerated Share Repurchase Agreement (“ASR”). The 3,406,745 shares remaining under the August 2006 authorization, combined with 8,360,000 shares remaining under Board authorization from April 2006, left the Company with authorization to repurchase up to 11,766,745 shares as of January 1, 2007. The Company completed the aforementioned ASR with the repurchase of 615,514 shares during the first quarter of 2007. During the nine months ended September 30, 2007, the Company entered into an ASR, as announced in the Company’s 8-K filing on June 7, 2007, by repurchasing 8,022,254 shares during the second quarter of 2007. This ASR was completed in the third quarter of 2007 when the Company received, without additional payment, an additional 1,462,091 shares.
 
Page 12

SunTrust Banks, Inc. and Subsidiaries
RECONCILEMENT OF NON-GAAP MEASURES
APPENDIX A TO THE EARNINGS RELEASE
(Dollars in thousands) (Unaudited)

																						
 	 	Three Months Ended	 	 	Nine Months Ended	 	
 	 	September 30
2007	 	 	June 30
2007	 	 	March 31
2007	 	 	December 31
2006	 	 	September 30
2006	 	 	September 30
2007	 	 	September 30
2006	 	
NON-GAAP MEASURES PRESENTED IN THE EARNINGS RELEASE	 			 			 			 			 			 			 			
Net income	 	$420,164	 	 	$681,431	 	 	$521,296	 	 	$506,354	 	 	$535,588	 	 	$1,622,891	 	 	$1,611,117	 	
Securities (gains)/losses, net of tax	 	(614	)	 	(146,575	)	 	(12	)	 	(21,934	)	 	56,926	 	 	(147,202	)	 	53,229	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net income excluding net securities gains and losses	 	419,550	 	 	534,856	 	 	521,284	 	 	484,420	 	 	592,514	 	 	1,475,689	 	 	1,664,346	 	
The Coca-Cola Company dividend, net of tax	 	(13,210	)	 	(13,218	)	 	(14,580	)	 	(13,316	)	 	(13,317	)	 	(41,009	)	 	(39,950	)	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net income excluding net securities (gains)/losses and The Coca-Cola Company dividend	 	406,340	 	 	521,638	 	 	506,704	 	 	471,104	 	 	579,197	 	 	1,434,680	 	 	1,624,396	 	
Preferred dividends	 	7,526	 	 	7,519	 	 	7,363	 	 	7,729	 	 	-	 	 	22,408	 	 	-	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net income available to common shareholders excluding net securities (gains)/losses and The Coca-Cola Company dividend	 	$398,814	 	 	$514,119	 	 	$499,341	 	 	$463,375	 	 	$579,197	 	 	$1,412,272	 	 	$1,624,396	 	

Total average assets	 	$174,653,377	 	 	$179,996,457	 	 	$181,506,369	 	 	$182,343,274	 	 	$180,500,921	 	 	$178,693,630	 	 	$179,631,675	 	
Average net unrealized securities gains	 	(2,091,892	)	 	(2,398,651	)	 	(2,305,306	)	 	(1,965,367	)	 	(1,374,648	)	 	(2,264,501	)	 	(1,504,293	)	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Average assets less net unrealized securities gains	 	$172,561,485	 	 	$177,597,806	 	 	$179,201,063	 	 	$180,377,907	 	 	$179,126,273	 	 	$176,429,129	 	 	$178,127,382	 	

Total average common shareholders’ equity	 	$17,050,182	 	 	$17,428,101	 	 	$17,220,384	 	 	$17,655,469	 	 	$17,558,581	 	 	$17,232,264	 	 	$17,306,802	 	
Average accumulated other comprehensive income	 	(998,561	)	 	(1,206,487	)	 	(1,074,497	)	 	(1,202,004	)	 	(821,317	)	 	(1,092,903	)	 	(899,774	)	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total average realized common shareholders’ equity	 	$16,051,621	 	 	$16,221,614	 	 	$16,145,887	 	 	$16,453,465	 	 	$16,737,264	 	 	$16,139,361	 	 	$16,407,028	 	

Return on average total assets	 	0.95	%	 	1.52	%	 	1.16	%	 	1.10	%	 	1.18	%	 	1.21	%	 	1.20	%	
Impact of excluding net realized and unrealized securities (gains)/losses and The Coca-Cola Company dividend	 	(0.02	)	 	(0.34	)	 	(0.01	)	 	(0.06	)	 	0.10	 	 	(0.12	)	 	0.02	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Return on average total assets less net unrealized securities gains 1	 	0.93	%	 	1.18	%	 	1.15	%	 	1.04	%	 	1.28	%	 	1.09	%	 	1.22	%	

Return on average common shareholders’ equity	 	9.60	%	 	15.51	%	 	12.10	%	 	11.20	%	 	12.10	%	 	12.42	%	 	12.45	%	
Impact of excluding net realized and unrealized securities (gains)/losses and The Coca-Cola Company dividend	 	0.26	 	 	(2.80	)	 	0.44	 	 	(0.03	)	 	1.63	 	 	(0.72	)	 	0.79	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Return on average realized common shareholders’ equity 2	 	9.86	%	 	12.71	%	 	12.54	%	 	11.17	%	 	13.73	%	 	11.70	%	 	13.24	%	

Efficiency ratio 3	 	63.35	%	 	52.69	%	 	59.79	%	 	59.67	%	 	59.30	%	 	58.31	%	 	59.29	%	
Impact of excluding amortization of intangible assets	 	(1.22	)	 	(1.05	)	 	(1.14	)	 	(1.18	)	 	(1.27	)	 	(1.13	)	 	(1.28	)	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Tangible efficiency ratio 4	 	62.13	%	 	51.64	%	 	58.65	%	 	58.49	%	 	58.03	%	 	57.18	%	 	58.01	%	

Total shareholders’ equity	 	$17,907,247	 	 	$17,368,853	 	 	$17,968,538	 	 	$17,813,606	 	 	$18,589,307	 	 			 			
Goodwill	 	(6,912,110	)	 	(6,897,050	)	 	(6,896,723	)	 	(6,889,860	)	 	(6,903,001	)	 			 			
Other intangible assets including mortgage servicing rights (“MSRs”)	 	(1,327,060	)	 	(1,290,460	)	 	(1,293,457	)	 	(1,181,984	)	 	(1,120,102	)	 			 			
Mortgage servicing rights	 	995,984	 	 	942,012	 	 	921,255	 	 	810,510	 	 	724,323	 	 			 			
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 			 			
Tangible equity	 	$10,664,061	 	 	$10,123,355	 	 	$10,699,613	 	 	$10,552,272	 	 	$11,290,527	 	 			 			

Total assets	 	$175,857,229	 	 	$180,314,372	 	 	$186,384,841	 	 	$182,161,609	 	 	$183,104,553	 	 			 			
Goodwill	 	(6,912,110	)	 	(6,897,050	)	 	(6,896,723	)	 	(6,889,860	)	 	(6,903,001	)	 			 			
Other intangible assets including MSRs	 	(1,327,060	)	 	(1,290,460	)	 	(1,293,457	)	 	(1,181,984	)	 	(1,120,102	)	 			 			
Mortgage servicing rights	 	995,984	 	 	942,012	 	 	921,255	 	 	810,510	 	 	724,323	 	 			 			
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 			 			
Tangible assets	 	$168,614,043	 	 	$173,068,874	 	 	$179,115,916	 	 	$174,900,275	 	 	$175,805,773	 	 			 			
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 			 			
Tangible equity to tangible assets 5	 	6.32	%	 	5.85	%	 	5.97	%	 	6.03	%	 	6.42	%	 			 			
								
Net interest income	 	$1,192,188	 	 	$1,195,284	 	 	$1,164,559	 	 	$1,161,289	 	 	$1,151,392	 	 	$3,552,031	 	 	$3,499,176	 	
Taxable-equivalent adjustment	 	27,055	 	 	24,668	 	 	23,713	 	 	23,877	 	 	22,468	 	 	75,436	 	 	64,089	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net interest income - FTE	 	1,219,243	 	 	1,219,952	 	 	1,188,272	 	 	1,185,166	 	 	1,173,860	 	 	3,627,467	 	 	3,563,265	 	
Noninterest income	 	819,139	 	 	1,154,622	 	 	878,906	 	 	882,566	 	 	858,931	 	 	2,852,667	 	 	2,585,806	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenue - FTE	 	$2,038,382	 	 	$2,374,574	 	 	$2,067,178	 	 	$2,067,732	 	 	$2,032,791	 	 	$6,480,134	 	 	$6,149,071	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net securities (gains)/losses	 	(991	)	 	(236,412	)	 	(20	)	 	(35,377	)	 	91,816	 	 	(237,423	)	 	85,854	 	
Net gain on sale of Bond Trustee business	 	-	 	 	-	 	 	-	 	 	-	 	 	(112,759	)	 	-	 	 	(112,759	)	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenue - FTE excluding net securities (gains)/losses and net gain on sale of Bond Trustee business 6	 	$2,037,391	 	 	$2,138,162	 	 	$2,067,158	 	 	$2,032,355	 	 	$2,011,848	 	 	$6,242,711	 	 	$6,122,166	 	

1 SunTrust presents a return on average assets less net unrealized gains on securities. The foregoing numbers primarily reflect adjustments to remove the effects of the Company’s securities portfolio which includes the ownership by the Company of 43.6 million shares of The Coca-Cola Company as of September 30, 2007. The Company uses this information internally to gauge its actual performance in the industry. The Company believes that the return on average assets less the net unrealized securities gains is more indicative of the Company’s return on assets because it more accurately reflects the return on the assets that are related to the Company’s core businesses which are primarily customer relationship and customer transaction driven. The return on average assets less net unrealized gains on securities is computed by dividing annualized net income, excluding securities gains/losses and The Coca-Cola Company dividend, by average assets less net unrealized securities gains.
2 The Company believes that the return on average realized common shareholders’ equity is more indicative of the Company’s return on equity because the excluded equity relates primarily to the long term holding of a specific security. The return on average realized common shareholders’ equity is computed by dividing
annualized net income available to common shareholders, excluding securities gains/losses and The Coca -Cola Company dividend, by average realized common shareholders’ equity.
3 Computed by dividing noninterest expense by total revenue - FTE. The efficiency ratios are presented on an 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.
4 SunTrust presents a tangible efficiency ratio which excludes the cost of intangible assets. The Company believes this measure is useful to investors because, by removing the effect of intangible asset costs (the level of which may vary from company to company) it allows investors to more easily compare the Company’s efficiency to other companies in the industry. This measure is utilized by management to assess the efficiency of the Company and its lines of business.
5 SunTrust presents a tangible equity to tangible assets ratio that excludes the impact of purchase accounting intangible assets. The Company believes this measure is useful to investors because, by removing the effect of intangible assets that result from merger and acquisition activity (the level of which may vary from company to company) it allows investors to more easily compare the Company’s capital adequacy to other companies in the industry. This measure is used by management to analyze capital adequacy.
6 SunTrust presents total revenue-FTE excluding realized net securities gains/losses and the net gain on the sale of the Bond Trustee business. The Company believes total revenue-FTE without net securities gains/losses is more indicative of the Company’s performance because it isolates income that is primarily customer relationship and customer transaction driven. SunTrust further excludes the net gain on the sale of the Bond Trustee business because the Company believes the exclusion of the net gain is more indicative of normalized operations.
 
Page 13

SunTrust Banks, Inc. and Subsidiaries
RECONCILEMENT OF NON-GAAP MEASURES
APPENDIX A TO THE EARNINGS RELEASE, continued
(Dollars in thousands) (Unaudited)

																									
 	 	Three Months Ended	 	 	Nine Months Ended	 	
 	 	September 30
2007	 	 	September 30
2006	 	 	Increase/(Decrease)	 	 	September 30
2007	 	 	September 30
2006	 	 	Increase/(Decrease)	 	
 	 			 			 	Amount	 	 	% 5	 	 			 			 	Amount	 	 	% 5	 	
SELECTED NON-GAAP MEASURES PRESENTED IN THE EARNINGS RELEASE	 			 			 			 			 			 			 			 			
Diluted net income per average common share	 			 			 			 			 	$4.52	 	 	$4.42	 	 	$0.10	 	 	2.3	%	
Impact of excluding gain on sale of shares of The Coca-Cola Company	 			 			 			 			 	(0.41	)	 	-	 	 	(0.41	)	 	(100.0	)	
	 			 			 			 			 	 	 	 	 	 	 	 	 	 			
Diluted net income per average common share excluding gain on sale of shares of The Coca-Cola Company 1	 			 			 			 			 	$4.11	 	 	$4.42	 	 	($0.31	)	 	(7.0	)%	

Noninterest income	 	$819,139	 	 	$858,931	 	 	($39,792	)	 	(4.6	)%	 	$2,852,667	 	 	$2,585,806	 	 	$266,861	 	 	10.3	%	
Net securities (gains)/losses	 	(991	)	 	91,816	 	 	(92,807	)	 	NM	 	 	(237,423	)	 	85,854	 	 	(323,277	)	 	NM	 	
Net gain on sale of Bond Trustee business	 	-	 	 	(112,759	)	 	112,759	 	 	100.0	 	 	-	 	 	(112,759	)	 	112,759	 	 	100.0	 	
	 	 	 	 	 	 	 	 	 	 			 	 	 	 	 	 	 	 	 	 			
Noninterest income excluding net securities (gains)/losses and net gain on sale of Bond Trustee business 2	 	$818,148	 	 	$837,988	 	 	($19,840	)	 	(2.4	)%	 	$2,615,244	 	 	$2,558,901	 	 	$56,343	 	 	2.2	%	

Noninterest expense	 	$1,291,245	 	 	$1,205,499	 	 	$85,746	 	 	7.1	%	 	$3,778,436	 	 	$3,646,083	 	 	$132,353	 	 	3.6	%	
Compensation expense related to fair valued mortgage loans	 	(32,000	)	 	-	 	 	(32,000	)	 	(100.0	)	 	(44,500	)	 	-	 	 	(44,500	)	 	(100.0	)	
Leverage lease reserve reversal	 	-	 	 	-	 	 	-	 	 	-	 	 	-	 	 	10,923	 	 	(10,923	)	 	(100.0	)	
E 2 initial implementation costs, net of corporate real estate gains	 	(49,496	)	 	(2,999	)	 	(46,497	)	 	NM	 	 	(57,596	)	 	(9,933	)	 	(47,663	)	 	NM	 	
Decrease in accrued liability associated with a capital instrument	 	33,552	 	 	-	 	 	33,552	 	 	100.0	 	 	33,552	 	 	-	 	 	33,552	 	 	100.0	 	
Loss on early retirement of unhedged fixed rate debt carried at cost	 	(9,800	)	 	-	 	 	(9,800	)	 	(100.0	)	 	(9,800	)	 	-	 	 	(9,800	)	 	(100.0	)	
	 	 	 	 	 	 	 	 	 	 			 	 	 	 	 	 	 	 	 	 			
Adjusted noninterest expense 3	 	$1,233,501	 	 	$1,202,500	 	 	$31,001	 	 	2.6	%	 	$3,700,092	 	 	$3,647,073	 	 	$53,019	 	 	1.5	%	

Net income available to common shareholders	 	$412,638	 	 	$535,588	 	 	($122,950	)	 	(23.0	)%	 			 			 			 			
Severance charge, net of tax	 	27,902	 	 	-	 	 	27,902	 	 	100.0	 	 			 			 			 			
	 	 	 	 	 	 	 	 	 	 			 			 			 			 			
Net income available to common shareholders excluding severance charge 4	 	$440,540	 	 	$535,588	 	 	($95,048	)	 	(17.7	)%	 			 			 			 			

Diluted net income per average common share	 	$1.18	 	 	$1.47	 	 	($0.29	)	 	(19.7	)%	 			 			 			 			
Severance charge, net of tax	 	0.08	 	 	-	 	 	0.08	 	 	100.0	 	 			 			 			 			
	 	 	 	 	 	 	 	 	 	 			 			 			 			 			
Diluted net income per average common share excluding severance charge 4	 	$1.26	 	 	$1.47	 	 	($0.21	)	 	(14.3	)%	 			 			 			 			

Noninterest expense	 	$1,291,245	 	 	$1,205,499	 	 	$85,746	 	 	7.1	%	 	$3,778,436	 	 	$3,646,083	 	 	$132,353	 	 	3.6	%	
Severance charge	 	(45,004	)	 	-	 	 	(45,004	)	 	(100.0	)	 	(45,004	)	 	-	 	 	(45,004	)	 	(100.0	)	
	 	 	 	 	 	 	 	 	 	 			 	 	 	 	 	 	 	 	 	 			
Noninterest expense excluding severance charge 4	 	$1,246,241	 	 	$1,205,499	 	 	$40,742	 	 	3.4	%	 	$3,733,432	 	 	$3,646,083	 	 	$87,349	 	 	2.4	%	

Efficiency ratio	 	63.35	%	 	59.30	%	 	4.05	%	 	6.8	%	 			 			 			 			
Severance charge	 	(2.21	)	 	-	 	 	(2.21	)	 	(100.0	)	 			 			 			 			
	 	 	 	 	 	 	 	 	 	 			 			 			 			 			
Efficiency ratio excluding severance charge 4	 	61.14	%	 	59.30	%	 	1.84	%	 	3.1	%	 			 			 			 			

 	 	Three Months Ended	 	 	 	 	 	 	 	 	 	 	
 	 	September 30
2007	 	 	June 30
2007	 	 	Increase/(Decrease)	 	 	Sequential
Annualized 6
%	 	 	 	 	 	 	 	 	 	 	
 	 			 			 	Amount	 	 	% 5	 	 			 	 	 	 	 	 	 	 	 	
Noninterest income	 	$819,139	 	 	$1,154,622	 	 	($335,483	)	 	(29.1	)%	 	NM	%	 			 			 			
Net securities gains	 	(991	)	 	(236,412	)	 	235,421	 	 	(99.6	)	 	NM	 	 			 			 			
	 	 	 	 	 	 	 	 	 	 			 			 			 			 			
Noninterest income excluding net securities gains 2	 	$818,148	 	 	$918,210	 	 	($100,062	)	 	(10.9	)%	 	(43.6	)%	 			 			 			

Diluted net income per average common share	 	$1.18	 	 	$1.89	 	 	($0.71	)	 	(37.6	)%	 	NM	%	 			 			 			
Impact of excluding gain on sale of shares of The Coca-Cola Company	 	-	 	 	(0.41	)	 	0.41	 	 	(100.0	)	 	NM	 	 			 			 			
	 	 	 	 	 	 	 	 	 	 			 			 			 			 			
Diluted net income per average common share excluding gain on sale of shares of The Coca-Cola Company 1	 	$1.18	 	 	$1.48	 	 	($0.30	)	 	(20.3	)%	 	(81.1	)%	 			 			 			

Noninterest expense	 	$1,291,245	 	 	$1,251,194	 	 	$40,051	 	 	3.2	%	 	12.8	%	 			 			 			
Severance charge	 	(45,004	)	 	-	 	 	(45,004	)	 	(100.0	)	 	NM	 	 			 			 			
	 	 	 	 	 	 	 	 	 	 			 			 			 			 			
Noninterest expense excluding severance charge 4	 	$1,246,241	 	 	$1,251,194	 	 	($4,953	)	 	(0.4	)%	 	(1.6	)%	 			 			 			

1 SunTrust presents net income per average common diluted share excluding the gain on sale of shares of The Coca-Cola Company. The Company believes this measure is more indicative of the Company’s performance because it excludes a large securities gain that is not a customer relationship or customer driven transaction.
2 SunTrust presents noninterest income excluding realized net securities gains/losses and the net gain on the sale of the Bond Trustee business. The Company believes noninterest income without net securities gains/losses and the net gain on the sale of the Bond Trustee Business is more indicative of the Company’s performance because it isolates income that is primarily customer relationship and customer transaction driven and is more indicative of normalized operations.
3 SunTrust presents noninterest expense on a basis that excludes certain significant non-core expense items because the Company believes the exclusion of these items is more indicative of normalized operations.
4 SunTrust presents net income available to common shareholders, diluted net income per average common share, noninterest expense, and the efficiency ratio excluding a severance charge specific to the Company’s E 2 Efficiency and Productivity Program in order to provide comparability between periods.
5 Any change over 100 percent is labeled as “NM”. Those changes over 100 percent were not considered to be meaningful.
6 Multiply percentage change by 4 to calculate sequential annualized change.
 
Page 14

SunTrust Banks, Inc. and Subsidiaries
QUARTER-TO-QUARTER COMPARISON - ACTUAL
APPENDIX B TO THE EARNINGS RELEASE
(Dollars in thousands) (Unaudited)

																												
 	 	Three Months Ended	 	
 	 	September 30
2007	 	 	June 30
2007	 	 	 	 	 	 	 	 	Sequential
Annualized  2
%	 	 	September 30
2007	 	 	September 30
2006	 	 	 	 	 	 	 	
 	 			 			 	Increase/(Decrease)	 	 			 			 			 	Increase/(Decrease)	 	
 	 			 			 	Amount	 	 	%	 	 			 			 			 	Amount	 	 	%	 	
STATEMENTS OF INCOME	 			 			 			 			 			 			 			 			 			
NET INTEREST INCOME	 	$1,192,188	 	 	$1,195,284	 	 	($3,096	)	 	(0.3	)%	 	(1.0	)%	 	$1,192,188	 	 	$1,151,392	 	 	$40,796	 	 	3.5	%	
Provision for loan losses	 	147,020	 	 	104,680	 	 	42,340	 	 	40.4	 	 	NM	 	 	147,020	 	 	61,568	 	 	85,452	 	 	NM	 	
	 	 	 	 	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	 			
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	 	1,045,168	 	 	1,090,604	 	 	(45,436	)	 	(4.2	)	 	(16.7	)	 	1,045,168	 	 	1,089,824	 	 	(44,656	)	 	(4.1	)	

NONINTEREST INCOME	 			 			 			 			 			 			 			 			 			
Service charges on deposit accounts	 	213,939	 	 	196,844	 	 	17,095	 	 	8.7	 	 	34.7	 	 	213,939	 	 	194,262	 	 	19,677	 	 	10.1	 	
Trust and investment management income	 	175,242	 	 	164,620	 	 	10,622	 	 	6.5	 	 	25.8	 	 	175,242	 	 	173,717	 	 	1,525	 	 	0.9	 	
Retail investment services	 	71,064	 	 	71,785	 	 	(721	)	 	(1.0	)	 	(4.0	)	 	71,064	 	 	55,544	 	 	15,520	 	 	27.9	 	
Other charges and fees	 	120,730	 	 	118,358	 	 	2,372	 	 	2.0	 	 	8.0	 	 	120,730	 	 	113,347	 	 	7,383	 	 	6.5	 	
Investment banking income	 	47,688	 	 	61,999	 	 	(14,311	)	 	(23.1	)	 	(92.3	)	 	47,688	 	 	47,046	 	 	642	 	 	1.4	 	
Trading account profits and commissions	 	(31,187	)	 	16,437	 	 	(47,624	)	 	NM	 	 	NM	 	 	(31,187	)	 	20,404	 	 	(51,591	)	 	NM	 	
Card fees	 	70,450	 	 	68,580	 	 	1,870	 	 	2.7	 	 	10.9	 	 	70,450	 	 	64,916	 	 	5,534	 	 	8.5	 	
Mortgage production related income	 	12,950	 	 	64,322	 	 	(51,372	)	 	(79.9	)	 	NM	 	 	12,950	 	 	50,336	 	 	(37,386	)	 	(74.3	)	
Mortgage servicing related income	 	57,142	 	 	45,527	 	 	11,615	 	 	25.5	 	 	NM	 	 	57,142	 	 	36,633	 	 	20,509	 	 	56.0	 	
Other noninterest income	 	80,130	 	 	109,738	 	 	(29,608	)	 	(27.0	)	 	NM	 	 	80,130	 	 	81,783	 	 	(1,653	)	 	(2.0	)	
Net gain on sale of Bond Trustee business	 	-	 	 	-	 	 	-	 	 	-	 	 	-	 	 	-	 	 	112,759	 	 	(112,759	)	 	(100.0	)	
Net securities gains/(losses)	 	991	 	 	236,412	 	 	(235,421	)	 	(99.6	)	 	NM	 	 	991	 	 	(91,816	)	 	92,807	 	 	NM	 	
	 	 	 	 	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	 			
Total noninterest income	 	819,139	 	 	1,154,622	 	 	(335,483	)	 	(29.1	)	 	NM	 	 	819,139	 	 	858,931	 	 	(39,792	)	 	(4.6	)	

NONINTEREST EXPENSE	 			 			 			 			 			 			 			 			 			
Employee compensation and benefits	 	677,765	 	 	710,613	 	 	(32,848	)	 	(4.6	)	 	(18.5	)	 	677,765	 	 	674,322	 	 	3,443	 	 	0.5	 	
Net occupancy expense	 	87,626	 	 	84,650	 	 	2,976	 	 	3.5	 	 	14.1	 	 	87,626	 	 	85,613	 	 	2,013	 	 	2.4	 	
Outside processing and software	 	105,132	 	 	100,730	 	 	4,402	 	 	4.4	 	 	17.5	 	 	105,132	 	 	98,699	 	 	6,433	 	 	6.5	 	
Equipment expense	 	51,532	 	 	53,823	 	 	(2,291	)	 	(4.3	)	 	(17.0	)	 	51,532	 	 	50,249	 	 	1,283	 	 	2.6	 	
Marketing and customer development	 	46,897	 	 	43,326	 	 	3,571	 	 	8.2	 	 	33.0	 	 	46,897	 	 	35,932	 	 	10,965	 	 	30.5	 	
Amortization of intangible assets	 	24,820	 	 	24,904	 	 	(84	)	 	(0.3	)	 	(1.3	)	 	24,820	 	 	25,792	 	 	(972	)	 	(3.8	)	
Loss on extinguishment of debt	 	9,800	 	 	-	 	 	9,800	 	 	100.0	 	 	NM	 	 	9,800	 	 	-	 	 	9,800	 	 	100.0	 	
Other noninterest expense	 	287,673	 	 	233,148	 	 	54,525	 	 	23.4	 	 	93.5	 	 	287,673	 	 	234,892	 	 	52,781	 	 	22.5	 	
	 	 	 	 	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	 			
Total noninterest expense	 	1,291,245	 	 	1,251,194	 	 	40,051	 	 	3.2	 	 	12.8	 	 	1,291,245	 	 	1,205,499	 	 	85,746	 	 	7.1	 	

INCOME BEFORE INCOME TAXES	 	573,062	 	 	994,032	 	 	(420,970	)	 	(42.3	)	 	NM	 	 	573,062	 	 	743,256	 	 	(170,194	)	 	(22.9	)	
Provision for income taxes	 	152,898	 	 	312,601	 	 	(159,703	)	 	(51.1	)	 	NM	 	 	152,898	 	 	207,668	 	 	(54,770	)	 	(26.4	)	
	 	 	 	 	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	 			
NET INCOME	 	420,164	 	 	681,431	 	 	(261,267	)	 	(38.3	)	 	NM	 	 	420,164	 	 	535,588	 	 	(115,424	)	 	(21.6	)	
Preferred dividends	 	7,526	 	 	7,519	 	 	7	 	 	0.1	 	 	0.4	 	 	7,526	 	 	-	 	 	7,526	 	 	100.0	 	
	 	 	 	 	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	 			
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS	 	412,638	 	 	673,912	 	 	(261,274	)	 	(38.8	)	 	NM	 	 	412,638	 	 	535,588	 	 	(122,950	)	 	(23.0	)	
Gain on sale of shares of The Coca-Cola Company, net of tax	 	-	 	 	(145,580	)	 	145,580	 	 	(100.0	)	 	NM	 	 	-	 	 	-	 	 	-	 	 	-	 	
	 	 	 	 	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	 			
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS EXCLUDING THE GAIN ON SALE OF SHARES OF THE COCA-COLA COMPANY 1	 	$412,638	 	 	$528,332	 	 	($115,694	)	 	(21.9	)%	 	(87.6	)%	 	$412,638	 	 	$535,588	 	 	($122,950	)	 	(23.0	)%	
	 	 	 	 	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	 			
REVENUE	 			 			 			 			 			 			 			 			 			
Net interest income	 	$1,192,188	 	 	$1,195,284	 	 	($3,096	)	 	(0.3	)%	 	(1.0	)%	 	$1,192,188	 	 	$1,151,392	 	 	$40,796	 	 	3.5	%	
Taxable-equivalent adjustment	 	27,055	 	 	24,668	 	 	2,387	 	 	9.7	 	 	38.7	 	 	27,055	 	 	22,468	 	 	4,587	 	 	20.4	 	
	 	 	 	 	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	 			
Net interest income - FTE	 	1,219,243	 	 	1,219,952	 	 	(709	)	 	(0.1	)	 	(0.2	)	 	1,219,243	 	 	1,173,860	 	 	45,383	 	 	3.9	 	
Noninterest income	 	819,139	 	 	1,154,622	 	 	(335,483	)	 	(29.1	)	 	NM	 	 	819,139	 	 	858,931	 	 	(39,792	)	 	(4.6	)	
	 	 	 	 	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	 			
Total revenue - FTE	 	2,038,382	 	 	2,374,574	 	 	(336,192	)	 	(14.2	)	 	(56.6	)	 	2,038,382	 	 	2,032,791	 	 	5,591	 	 	0.3	 	
Net securities (gains)/losses	 	(991	)	 	(236,412	)	 	235,421	 	 	(99.6	)	 	NM	 	 	(991	)	 	91,816	 	 	(92,807	)	 	NM	 	
Net gain on sale of Bond Trustee business	 	-	 	 	-	 	 	-	 	 	-	 	 	-	 	 	-	 	 	(112,759	)	 	112,759	 	 	100.0	 	
	 	 	 	 	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	 			
Total revenue - FTE excluding net securities (gains)/losses and net gain on sale of Bond Trustee business 1	 	$2,037,391	 	 	$2,138,162	 	 	($100,771	)	 	(4.7	)%	 	(18.9	)%	 	$2,037,391	 	 	$2,011,848	 	 	$ 25,543	 	 	1.3	%	

SELECTED AVERAGE BALANCES (Dollars in millions)	 			 			 			 			 			 			 			 			 			
Average loans	 			 			 			 			 			 			 			 			 			
Commercial	 	$34,248	 	 	$33,608	 	 	$640	 	 	1.9	%	 	7.6	%	 	$34,248	 	 	$34,307	 	 	($59	)	 	(0.2	)%	
Real estate home equity lines	 	14,133	 	 	13,850	 	 	283	 	 	2.0	 	 	8.2	 	 	14,133	 	 	13,626	 	 	507	 	 	3.7	 	
Real estate construction	 	13,687	 	 	13,710	 	 	(23	)	 	(0.2	)	 	(0.7	)	 	13,687	 	 	12,806	 	 	881	 	 	6.9	 	
Real estate 1-4 family	 	31,004	 	 	30,754	 	 	250	 	 	0.8	 	 	3.3	 	 	31,004	 	 	33,876	 	 	(2,872	)	 	(8.5	)	
Real estate commercial	 	12,759	 	 	12,732	 	 	27	 	 	0.2	 	 	0.8	 	 	12,759	 	 	12,808	 	 	(49	)	 	(0.4	)	
Credit card	 	516	 	 	404	 	 	112	 	 	27.7	 	 	NM	 	 	516	 	 	324	 	 	192	 	 	59.3	 	
Consumer - direct	 	4,368	 	 	4,347	 	 	21	 	 	0.5	 	 	1.9	 	 	4,368	 	 	4,207	 	 	161	 	 	3.8	 	
Consumer - indirect	 	7,966	 	 	8,064	 	 	(98	)	 	(1.2	)	 	(4.9	)	 	7,966	 	 	8,339	 	 	(373	)	 	(4.5	)	
Nonaccrual and restructured	 	878	 	 	696	 	 	182	 	 	26.1	 	 	NM	 	 	878	 	 	449	 	 	429	 	 	95.5	 	
	 	 	 	 	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	 			
Total loans	 	$119,559	 	 	$118,165	 	 	$1,394	 	 	1.2	%	 	4.7	%	 	$119,559	 	 	$120,742	 	 	($1,183	)	 	(1.0	)%	

Average deposits	 			 			 			 			 			 			 			 			 			
Noninterest bearing deposits	 	$21,445	 	 	$22,396	 	 	($951	)	 	(4.2	)%	 	(17.0	)%	 	$21,445	 	 	$22,934	 	 	($1,489	)	 	(6.5	)%	
NOW accounts	 	19,544	 	 	20,066	 	 	(522	)	 	(2.6	)	 	(10.4	)	 	19,544	 	 	16,596	 	 	2,948	 	 	17.8	 	
Money market accounts	 	22,560	 	 	21,773	 	 	787	 	 	3.6	 	 	14.5	 	 	22,560	 	 	24,267	 	 	(1,707	)	 	(7.0	)	
Savings	 	4,457	 	 	4,787	 	 	(330	)	 	(6.9	)	 	(27.6	)	 	4,457	 	 	5,591	 	 	(1,134	)	 	(20.3	)	
Consumer and other time	 	28,702	 	 	28,905	 	 	(203	)	 	(0.7	)	 	(2.8	)	 	28,702	 	 	28,255	 	 	447	 	 	1.6	 	
	 	 	 	 	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	 			
Total consumer and commercial deposits	 	96,708	 	 	97,927	 	 	(1,219	)	 	(1.2	)	 	(5.0	)	 	96,708	 	 	97,643	 	 	(935	)	 	(1.0	)	
Brokered and foreign deposits	 	21,140	 	 	23,983	 	 	(2,843	)	 	(11.9	)	 	(47.4	)	 	21,140	 	 	27,958	 	 	(6,818	)	 	(24.4	)	
	 	 	 	 	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	 			
Total deposits	 	$117,848	 	 	$121,910	 	 	($4,062	)	 	(3.3	)%	 	(13.3	)%	 	$117,848	 	 	$125,601	 	 	($7,753	)	 	(6.2	)%	

SELECTED CREDIT DATA	 			 			 			 			 			 			 			 			 			
Nonaccrual loans	 	$974,791	 	 	$736,800	 	 	$237,991	 	 	32.3	%	 	NM	%	 	$974,791	 	 	$556,489	 	 	$418,302	 	 	75.2	%	
Restructured loans	 	29,057	 	 	27,816	 	 	1,241	 	 	4.5	 	 	17.8	 	 	29,057	 	 	28,934	 	 	123	 	 	0.4	 	
	 	 	 	 	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	 			
Total nonperforming loans	 	1,003,848	 	 	764,616	 	 	239,232	 	 	31.3	 	 	NM	 	 	1,003,848	 	 	585,423	 	 	418,425	 	 	71.5	 	
Other real estate owned (OREO)	 	156,106	 	 	100,973	 	 	55,133	 	 	54.6	 	 	NM	 	 	156,106	 	 	41,690	 	 	114,416	 	 	NM	 	
Other repossessed assets	 	9,974	 	 	7,250	 	 	2,724	 	 	37.6	 	 	NM	 	 	9,974	 	 	6,670	 	 	3,304	 	 	49.5	 	
	 	 	 	 	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	 			
Total nonperforming assets	 	$1,169,928	 	 	$872,839	 	 	$297,089	 	 	34.0	%	 	NM	%	 	$1,169,928	 	 	633,783	 	 	$536,145	 	 	84.6	%	

Allowance for loan and lease losses	 	$1,093,691	 	 	$1,050,362	 	 	$43,329	 	 	4.1	%	 	16.5	%	 	$1,093,691	 	 	$1,087,316	 	 	$6,375	 	 	0.6	%	

1 SunTrust presents selected financial data on a basis that excludes net securities gains/(losses), the gain on the sale of shares of The Coca-Cola Company, and net gain on sale of Bond Trustee business. The Company believes the exclusion of these items is more indicative of the Company’s performance because it isolates income that is primarily customer relationship and customer transaction driven and is more indicative of normalized operations.
2 Multiply percentage change by 4 to calculate sequential annualized change. Any sequential annualized change over 100 percent is labeled as “NM” because those changes over 100 percent were not considered to be meaningful.
 
Page15

SunTrust Banks, Inc. and Subsidiaries
YEAR-TO-DATE COMPARISON - ACTUAL
APPENDIX B TO THE EARNINGS RELEASE, continued
(Dollars in thousands) (Unaudited)

													
 	 	Nine Months Ended	 	
 	 	September 30
2007	 	 	September 30
2006	 	 	Increase/(Decrease)	 	
 	 			 			 	Amount	 	 	% 1	 	
STATEMENTS OF INCOME	 			 			 			 			
NET INTEREST INCOME	 	$3,552,031	 	 	$3,499,176	 	 	$52,855	 	 	1.5	%	
Provision for loan losses	 	308,141	 	 	146,730	 	 	161,411	 	 	NM	 	
	 	 	 	 	 	 	 	 	 	 			
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	 	3,243,890	 	 	3,352,446	 	 	(108,556	)	 	(3.2	)	

NONINTEREST INCOME	 			 			 			 			
Service charges on deposit accounts	 	599,818	 	 	572,092	 	 	27,726	 	 	4.8	 	
Trust and investment management income	 	514,180	 	 	517,617	 	 	(3,437	)	 	(0.7	)	
Retail investment services	 	206,392	 	 	168,974	 	 	37,418	 	 	22.1	 	
Other charges and fees	 	357,225	 	 	339,677	 	 	17,548	 	 	5.2	 	
Investment banking income	 	159,844	 	 	159,342	 	 	502	 	 	0.3	 	
Trading account profits and commissions	 	75,451	 	 	103,461	 	 	(28,010	)	 	(27.1	)	
Card fees	 	203,225	 	 	183,460	 	 	19,765	 	 	10.8	 	
Mortgage production related income	 	68,617	 	 	169,952	 	 	(101,335	)	 	(59.6	)	
Mortgage servicing related income	 	138,072	 	 	112,744	 	 	25,328	 	 	22.5	 	
Net gain on sale upon merger of Lighthouse Partners	 	32,340	 	 	-	 	 	32,340	 	 	100.0	 	
Net gain on sale of Bond Trustee business	 	-	 	 	112,759	 	 	(112,759	)	 	(100.0	)	
Other noninterest income	 	260,080	 	 	231,582	 	 	28,498	 	 	12.3	 	
Net securities gains/(losses)	 	237,423	 	 	(85,854	)	 	323,277	 	 	NM	 	
	 	 	 	 	 	 	 	 	 	 			
Total noninterest income	 	2,852,667	 	 	2,585,806	 	 	266,861	 	 	10.3	 	

NONINTEREST EXPENSE	 			 			 			 			
Employee compensation and benefits	 	2,087,378	 	 	2,068,360	 	 	19,018	 	 	0.9	 	
Net occupancy expense	 	258,533	 	 	248,367	 	 	10,166	 	 	4.1	 	
Outside processing and software	 	305,538	 	 	292,038	 	 	13,500	 	 	4.6	 	
Equipment expense	 	154,764	 	 	147,804	 	 	6,960	 	 	4.7	 	
Marketing and customer development	 	135,928	 	 	127,956	 	 	7,972	 	 	6.2	 	
Amortization of intangible assets	 	73,266	 	 	78,922	 	 	(5,656	)	 	(7.2	)	
Loss on extinguishment of debt	 	9,800	 	 	-	 	 	9,800	 	 	100.0	 	
Other noninterest expense	 	753,229	 	 	682,636	 	 	70,593	 	 	10.3	 	
	 	 	 	 	 	 	 	 	 	 			
Total noninterest expense	 	3,778,436	 	 	3,646,083	 	 	132,353	 	 	3.6	 	

INCOME BEFORE INCOME TAXES	 	2,318,121	 	 	2,292,169	 	 	25,952	 	 	1.1	 	
Provision for income taxes	 	695,230	 	 	681,052	 	 	14,178	 	 	2.1	 	
	 	 	 	 	 	 	 	 	 	 			
NET INCOME	 	1,622,891	 	 	1,611,117	 	 	11,774	 	 	0.7	 	
Preferred dividends	 	22,408	 	 	-	 	 	22,408	 	 	100.0	 	
	 	 	 	 	 	 	 	 	 	 			
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS	 	1,600,483	 	 	1,611,117	 	 	(10,634	)	 	(0.7	)	
Gain on sale of shares of The Coca-Cola Company, net of tax	 	(145,580	)	 	-	 	 	(145,580	)	 	(100.0	)	
	 	 	 	 	 	 	 	 	 	 			
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS EXCLUDING THE GAIN ON SALE OF SHARES OF THE COCA-COLA COMPANY 2	 	$1,454,903	 	 	$1,611,117	 	 	($156,214	)	 	(9.7	)%	

REVENUE AND NONINTEREST EXPENSE	 			 			 			 			
Net interest income	 	$3,552,031	 	 	$3,499,176	 	 	$52,855	 	 	1.5	%	
Taxable-equivalent adjustment	 	75,436	 	 	64,089	 	 	11,347	 	 	17.7	 	
	 	 	 	 	 	 	 	 	 	 			
Net interest income - FTE	 	3,627,467	 	 	3,563,265	 	 	64,202	 	 	1.8	 	
Noninterest income	 	2,852,667	 	 	2,585,806	 	 	266,861	 	 	10.3	 	
	 	 	 	 	 	 	 	 	 	 			
Total revenue - FTE	 	6,480,134	 	 	6,149,071	 	 	331,063	 	 	5.4	 	
Net securities (gains)/losses	 	(237,423	)	 	85,854	 	 	323,277	 	 	NM	 	
Net gain on sale of Bond Trustee business	 	-	 	 	(112,759	)	 	(112,759	)	 	(100.0	)	
	 	 	 	 	 	 	 	 	 	 			
Total revenue - FTE excluding net securities (gains)/losses and net gain on sale of Bond Trustee business 2	 	$6,242,711	 	 	$6,122,166	 	 	$120,545	 	 	2.0	%	

SELECTED AVERAGE BALANCES (Dollars in millions)	 			 			 			 			
Average loans	 			 			 			 			
Commercial	 	$33,964	 	 	$33,793	 	 	$171	 	 	0.5	%	
Real estate home equity lines	 	13,908	 	 	13,512	 	 	396	 	 	2.9	 	
Real estate construction	 	13,610	 	 	12,041	 	 	1,569	 	 	13.0	 	
Real estate 1-4 family	 	31,938	 	 	33,246	 	 	(1,308	)	 	(3.9	)	
Real estate commercial	 	12,774	 	 	12,810	 	 	(36	)	 	(0.3	)	
Credit card	 	430	 	 	303	 	 	127	 	 	41.9	 	
Consumer - direct	 	4,313	 	 	4,577	 	 	(264	)	 	(5.8	)	
Consumer - indirect	 	8,064	 	 	8,425	 	 	(361	)	 	(4.3	)	
Nonaccrual and restructured	 	738	 	 	359	 	 	379	 	 	NM	 	
	 	 	 	 	 	 	 	 	 	 			
Total loans	 	$119,739	 	 	$119,066	 	 	$673	 	 	0.6	%	

Average deposits	 			 			 			 			
Noninterest bearing deposits	 	$21,923	 	 	$23,560	 	 	($1,637	)	 	(6.9	)%	
NOW accounts	 	19,809	 	 	16,801	 	 	3,008	 	 	17.9	 	
Money market accounts	 	22,142	 	 	24,990	 	 	(2,848	)	 	(11.4	)	
Savings	 	4,754	 	 	5,349	 	 	(595	)	 	(11.1	)	
Consumer and other time	 	28,843	 	 	26,011	 	 	2,832	 	 	10.9	 	
	 	 	 	 	 	 	 	 	 	 			
Total consumer and commercial deposits	 	97,471	 	 	96,711	 	 	760	 	 	0.8	 	
Brokered and foreign deposits	 	23,925	 	 	26,614	 	 	(2,689	)	 	(10.1	)	
	 	 	 	 	 	 	 	 	 	 			
Total deposits	 	$121,396	 	 	$123,325	 	 	($1,929	)	 	(1.6	)%	

1 Any change over 100 percent is labeled as “NM”. Those changes over 100 percent were not considered to be meaningful.
2 SunTrust presents selected financial data on a basis that excludes net securities gains/(losses), the gain on the sale of shares of The Coca-Cola Company, and net gain on sale of Bond Trustee business. The Company believes the exclusion of these items is more indicative of the Company’s performance because it isolates income that is primarily customer relationship and customer transaction driven and is more indicative of normalized operations.
 
Page 16

PRELIMINARY DATA
Retail Line of Business
(Dollars in thousands)     (Unaudited)
																			
 	  	Three Months Ended	 	 	 	 	 	Nine Months Ended	 	 	 	 	
 	  	September 30
2007	 	 	September 30
2006	 	 	%
Change 3	 	 	September 30
2007	 	 	September 30
2006	 	 	%
Change 3	 	
Statement of Income	  			 			 			 			 			 			
Net interest income	  	$571,995	 	 	$582,523	 	 	(1.8	)%	 	$1,732,626	 	 	$1,753,762	 	 	(1.2	)%	
FTE adjustment	  	33	 	 	33	 	 	-	 	 	104	 	 	75	 	 	38.7	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income - FTE	  	572,028	 	 	582,556	 	 	(1.8	)	 	1,732,730	 	 	1,753,837	 	 	(1.2	)	
Provision for loan losses 1	  	71,777	 	 	26,452	 	 	NM	 	 	165,383	 	 	65,041	 	 	NM	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income after provision for loan losses - FTE	  	500,251	 	 	556,104	 	 	(10.0	)	 	1,567,347	 	 	1,688,796	 	 	(7.2	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Noninterest income before securities gains/(losses)	  	284,821	 	 	269,632	 	 	5.6	 	 	811,452	 	 	792,896	 	 	2.3	 	
Securities gains/(losses), net	  	-	 	 	-	 	 	-	 	 	3	 	 	-	 	 	100.0	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest income	  	284,821	 	 	269,632	 	 	5.6	 	 	811,455	 	 	792,896	 	 	2.3	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Noninterest expense before amortization of intangible assets	  	528,274	 	 	520,453	 	 	1.5	 	 	1,579,210	 	 	1,568,572	 	 	0.7	 	
Amortization of intangible assets	  	17,192	 	 	21,023	 	 	(18.2	)	 	53,209	 	 	64,631	 	 	(17.7	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest expense	  	545,466	 	 	541,476	 	 	0.7	 	 	1,632,419	 	 	1,633,203	 	 	-	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Income before provision for income taxes	  	239,606	 	 	284,260	 	 	(15.7	)	 	746,383	 	 	848,489	 	 	(12.0	)	
Provision for income taxes	  	86,572	 	 	103,345	 	 	(16.2	)	 	270,720	 	 	309,361	 	 	(12.5	)	
FTE adjustment	  	33	 	 	33	 	 	-	 	 	104	 	 	75	 	 	38.7	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net income	  	$153,001	 	 	$180,882	 	 	(15.4	)	 	$475,559	 	 	$539,053	 	 	(11.8	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total revenue - FTE	  	$856,849	 	 	$852,188	 	 	0.5	 	 	$2,544,185	 	 	$2,546,733	 	 	(0.1	)	
Average Balance Sheet	  			 			 			 			 			 			
Total loans	  	$32,065,833	 	 	$30,834,646	 	 	4.0	%	 	$31,631,670	 	 	$30,840,312	 	 	2.6	%	
Goodwill	  	4,897,026	 	 	4,900,363	 	 	(0.1	)	 	4,895,711	 	 	4,890,150	 	 	0.1	 	
Other intangible assets excluding MSRs	  	194,011	 	 	269,763	 	 	(28.1	)	 	212,006	 	 	291,282	 	 	(27.2	)	
Total assets	  	38,069,298	 	 	37,218,400	 	 	2.3	 	 	37,831,104	 	 	37,870,529	 	 	(0.1	)	
Total deposits	  	67,401,579	 	 	69,659,995	 	 	(3.2	)	 	68,471,359	 	 	68,814,272	 	 	(0.5	)	
Shareholders’ equity is not allocated at this time 2	  			 			 			 			 			 			
Performance Ratios	  			 			 			 			 			 			
Efficiency ratio	  	63.66	%	 	63.54	%	 			 	64.16	%	 	64.13	%	 			
Impact of excluding cost of intangible assets	  	(5.82	)	 	(6.26	)	 			 	(5.91	)	 	(6.35	)	 			
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Tangible efficiency ratio	  	57.84	%	 	57.28	%	 			 	58.25	%	 	57.78	%	 			
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
1 Provision for loan losses represents net charge-offs for the lines of business.
2 Shareholders’ equity is not allocated to the lines of business at this time; business line performance does not include the funding benefit that would result from holding shareholders’ equity at the line of business level.
3 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.
 
Page 17

PRELIMINARY DATA
Commercial Line of Business
(Dollars in thousands)     (Unaudited)
																			
 	  	Three Months Ended	 	 	 	 	 	Nine Months Ended	 	 	 	 	
 	  	September 30
2007	 	 	September 30
2006	 	 	%
Change	 	 	September 30
2007	 	 	September 30
2006	 	 	%
Change	 	
Statement of Income	  			 			 			 			 			 			
Net interest income	  	$218,273	 	 	$231,287	 	 	(5.6	)%	 	$657,704	 	 	$688,062	 	 	(4.4	) %	
FTE adjustment	  	9,319	 	 	10,437	 	 	(10.7	)	 	28,205	 	 	30,372	 	 	(7.1	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income - FTE	  	227,592	 	 	241,724	 	 	(5.8	)	 	685,909	 	 	718,434	 	 	(4.5	)	
Provision for loan losses 1	  	2,959	 	 	1,649	 	 	79.4	 	 	13,681	 	 	7,208	 	 	89.8	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income after provision for loan losses - FTE	  	224,633	 	 	240,075	 	 	(6.4	)	 	672,228	 	 	711,226	 	 	(5.5	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Noninterest income before securities gains/(losses)	  	74,819	 	 	70,331	 	 	6.4	 	 	219,634	 	 	211,803	 	 	3.7	 	
Securities gains/(losses), net	  	-	 	 	-	 	 	-	 	 	-	 	 	-	 	 	-	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest income	  	74,819	 	 	70,331	 	 	6.4	 	 	219,634	 	 	211,803	 	 	3.7	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Noninterest expense before amortization of intangible assets	  	165,542	 	 	164,761	 	 	0.5	 	 	500,424	 	 	503,799	 	 	(0.7	)	
Amortization of intangible assets	  	-	 	 	-	 	 	-	 	 	-	 	 	-	 	 	-	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest expense	  	165,542	 	 	164,761	 	 	0.5	 	 	500,424	 	 	503,799	 	 	(0.7	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Income before provision for income taxes	  	133,910	 	 	145,645	 	 	(8.1	)	 	391,438	 	 	419,230	 	 	(6.6	)	
Provision for income taxes	  	19,558	 	 	26,098	 	 	(25.1	)	 	59,377	 	 	70,179	 	 	(15.4	)	
FTE adjustment	  	9,319	 	 	10,437	 	 	(10.7	)	 	28,205	 	 	30,372	 	 	(7.1	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net income	  	$105,033	 	 	$109,110	 	 	(3.7	)	 	$303,856	 	 	$318,679	 	 	(4.7	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total revenue - FTE	  	$302,411	 	 	$312,055	 	 	(3.1	)	 	$905,543	 	 	$930,237	 	 	(2.7	)	
Average Balance Sheet	  			 			 			 			 			 			
Total loans	  	$33,016,609	 	 	$32,985,857	 	 	0.1	%	 	$33,042,986	 	 	$32,477,973	 	 	1.7 	%	
Goodwill	  	1,262,724	 	 	1,264,845	 	 	(0.2	)	 	1,262,361	 	 	1,263,698	 	 	(0.1	)	
Other intangible assets excluding MSRs	  	-	 	 	-	 	 	-	 	 	-	 	 	-	 	 	-	 	
Total assets	  	35,462,037	 	 	35,485,345	 	 	(0.1	)	 	35,471,695	 	 	34,939,517	 	 	1.5	 	
Total deposits	  	14,031,723	 	 	13,601,082	 	 	3.2	 	 	14,181,207	 	 	13,653,491	 	 	3.9	 	
Shareholders’ equity is not allocated at this time 2	  			 			 			 			 			 			
Performance Ratios	  			 			 			 			 			 			
Efficiency ratio	  	54.74	%	 	52.80	%	 			 	55.26	%	 	54.16	%	 			
Impact of excluding cost of intangible assets	  	(2.42	)	 	(2.24	)	 			 	(2.40	)	 	(2.29	)	 			
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Tangible efficiency ratio	  	52.32	%	 	50.56	%	 			 	52.86	%	 	51.87	%	 			
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
1 Provision for loan losses represents net charge-offs for the lines of business.
2 Shareholders’ equity is not allocated to the lines of business at this time; business line performance does not include the funding benefit that would result from holding shareholders’ equity at the line of business level.
 
Page 18

PRELIMINARY DATA
Corporate and Investment Banking Line of Business
(Dollars in thousands) (Unaudited)
																			
 	  	Three Months Ended	 	 	 	 	 	Nine Months Ended	 	 	 	 	
 	  	September 30
2007	 	 	September 30
2006	 	 	%
Change 3	 	 	September 30
2007	 	 	September 30
2006	 	 	%
Change 3	 	
Statement of Income	  			 			 			 			 			 			
Net interest income	  	$40,509	 	 	$45,630	 	 	(11.2	)%	 	$131,165	 	 	$158,100	 	 	(17.0	) %	
FTE adjustment	  	13,000	 	 	8,071	 	 	61.1	 	 	33,946	 	 	22,178	 	 	53.1	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income - FTE	  	53,509	 	 	53,701	 	 	(0.4	)	 	165,111	 	 	180,278	 	 	(8.4	)	
Provision for loan losses 1	  	13,582	 	 	5,784	 	 	NM	 	 	30,445	 	 	4,954	 	 	NM	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income after provision for loan losses - FTE	  	39,927	 	 	47,917	 	 	(16.7	)	 	134,666	 	 	175,324	 	 	(23.2	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Noninterest income before securities gains/(losses)	  	47,305	 	 	142,249	 	 	(66.7	)	 	391,780	 	 	457,631	 	 	(14.4	)	
Securities gains/(losses), net	  	-	 	 	(360	)	 	(100.0	)	 	-	 	 	(360	)	 	(100.0	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest income	  	47,305	 	 	141,889	 	 	(66.7	)	 	391,780	 	 	457,271	 	 	(14.3	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Noninterest expense before amortization of intangible assets	  	109,373	 	 	117,639	 	 	(7.0	)	 	367,533	 	 	367,656	 	 	-	 	
Amortization of intangible assets	  	122	 	 	122	 	 	-	 	 	366	 	 	366	 	 	-	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest expense	  	109,495	 	 	117,761	 	 	(7.0	)	 	367,899	 	 	368,022	 	 	-	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Income before provision for income taxes	  	(22,263	)	 	72,045	 	 	NM	 	 	158,547	 	 	264,573	 	 	(40.1	)	
Provision for income taxes	  	(21,079	)	 	18,921	 	 	NM	 	 	25,613	 	 	76,789	 	 	(66.6	)	
FTE adjustment	  	13,000	 	 	8,071	 	 	61.1	 	 	33,946	 	 	22,178	 	 	53.1	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net income	  	($14,184	)	 	$45,053	 	 	NM	 	 	$98,988	 	 	$165,606	 	 	(40.2	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total revenue - FTE	  	$100,814	 	 	$195,590	 	 	(48.5	)	 	$556,891	 	 	$637,549	 	 	(12.7	)	
Average Balance Sheet	  			 			 			 			 			 			
Total loans	  	$15,959,121	 	 	$16,693,443	 	 	(4.4	)%	 	$15,821,063	 	 	$16,362,105	 	 	(3.3	) %	
Goodwill	  	147,463	 	 	147,595	 	 	(0.1	)	 	147,467	 	 	147,578	 	 	(0.1	)	
Other intangible assets excluding MSRs	  	1,047	 	 	1,525	 	 	(31.3	)	 	1,162	 	 	1,988	 	 	(41.5	)	
Total assets	  	24,089,010	 	 	24,066,808	 	 	0.1	 	 	23,926,305	 	 	23,701,276	 	 	0.9	 	
Total deposits	  	3,462,242	 	 	2,885,323	 	 	20.0	 	 	3,016,481	 	 	3,185,002	 	 	(5.3	)	
Shareholders’ equity is not allocated at this time 2	  			 			 			 			 			 			
Performance Ratios	  			 			 			 			 			 			
Efficiency ratio	  	108.61	%	 	60.21	%	 			 	66.06	%	 	57.72	%	 			
Impact of excluding cost of intangible assets	  	(1.87	)	 	(0.56	)	 			 	(0.63	)	 	(0.49	)	 			
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Tangible efficiency ratio	  	106.74	%	 	59.65	%	 			 	65.43	%	 	57.23	%	 			
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
1 Provision for loan losses represents net charge-offs for the lines of business.
2 Shareholders’ equity is not allocated to the lines of business at this time; business line performance does not include the funding benefit that would result from holding shareholders’ equity at the line of business level.
3 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.
 
Page 19

PRELIMINARY DATA
Mortgage Line of Business
(Dollars in thousands)     (Unaudited)
																			
   	  	Three Months Ended	 	 	 	 	 	Nine Months Ended	 	 	 	 	
 	  	September 30
2007	 	 	September 30
2006	 	 	%
Change 3	 	 	September 30
2007	 	 	September 30
2006	 	 	%
Change 3	 	
Statement of Income	  			 			 			 			 			 			
Net interest income	  	$131,593	 	 	$155,467	 	 	(15.4	)%	 	$397,757	 	 	$453,665	 	 	(12.3	)%	
FTE adjustment	  	-	 	 	-	 	 	-	 	 	-	 	 	-	 	 	-	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income - FTE	  	131,593	 	 	155,467	 	 	(15.4	)	 	397,757	 	 	453,665	 	 	(12.3	)	
Provision for loan losses 1	  	11,733	 	 	735	 	 	NM	 	 	34,993	 	 	5,735	 	 	NM	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income after provision for loan losses - FTE	  	119,860	 	 	154,732	 	 	(22.5	)	 	362,764	 	 	447,930	 	 	(19.0	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Noninterest income before securities gains/(losses)	  	89,946	 	 	98,169	 	 	(8.4	)	 	265,358	 	 	318,837	 	 	(16.8	)	
Securities gains/(losses), net	  	-	 	 	-	 	 	-	 	 	-	 	 	-	 	 	-	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest income	  	89,946	 	 	98,169	 	 	(8.4	)	 	265,358	 	 	318,837	 	 	(16.8	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Noninterest expense before amortization of intangible assets	  	235,137	 	 	153,869	 	 	52.8	 	 	583,113	 	 	451,146	 	 	29.3	 	
Amortization of intangible assets	  	763	 	 	763	 	 	-	 	 	2,290	 	 	2,290	 	 	-	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest expense	  	235,900	 	 	154,632	 	 	52.6	 	 	585,403	 	 	453,436	 	 	29.1	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Income before provision for income taxes	  	(26,094	)	 	98,269	 	 	NM	 	 	42,719	 	 	313,331	 	 	(86.4	)	
Provision for income taxes	  	(14,105	)	 	34,064	 	 	NM	 	 	5,079	 	 	109,513	 	 	(95.4	)	
FTE adjustment	  	-	 	 	-	 	 	-	 	 	-	 	 	-	 	 	-	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net income	  	($11,989	)	 	$64,205	 	 	NM	 	 	$37,640	 	 	$203,818	 	 	(81.5	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total revenue - FTE	  	$221,539	 	 	$253,636	 	 	(12.7	)	 	$663,115	 	 	$772,502	 	 	(14.2	)	
Average Balance Sheet	  			 			 			 			 			 			
Total loans	  	$30,084,217	 	 	$31,619,820	 	 	(4.9	)%	 	$30,629,171	 	 	$30,863,051	 	 	(0.8	)%	
Goodwill	  	276,611	 	 	275,705	 	 	0.3	 	 	276,412	 	 	267,291	 	 	3.4	 	
Other intangible assets excluding MSRs	  	2,810	 	 	5,800	 	 	(51.6	)	 	3,534	 	 	6,557	 	 	(46.1	)	
Total assets	  	45,260,858	 	 	42,798,017	 	 	5.8	 	 	45,801,796	 	 	41,165,135	 	 	11.3	 	
Total deposits	  	2,322,876	 	 	1,998,843	 	 	16.2	 	 	2,166,451	 	 	1,764,025	 	 	22.8	 	
Shareholders’ equity is not allocated at this time 2	  			 			 			 			 			 			
Performance Ratios	  			 			 			 			 			 			
Efficiency ratio	  	106.48	%	 	60.97	%	 			 	88.28	%	 	58.70	%	 			
Impact of excluding cost of intangible assets	  	(1.81	)	 	(1.03	)	 			 	(1.54	)	 	(0.96	)	 			
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Tangible efficiency ratio	  	104.67	%	 	59.94	%	 			 	86.74	%	 	57.74	%	 			
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Other Information	  			 			 			 			 			 			
Production Data	  			 			 			 			 			 			
Channel mix	  			 			 			 			 			 			
Retail	  	$5,565,382	 	 	$6,045,632	 	 	(7.9	)%	 	$18,252,569	 	 	$17,792,947	 	 	2.6	%	
Wholesale	  	4,456,315	 	 	4,617,185	 	 	(3.5	)	 	16,475,540	 	 	13,826,092	 	 	19.2	 	
Correspondent	  	2,592,592	 	 	3,074,636	 	 	(15.7	)	 	10,672,761	 	 	8,699,546	 	 	22.7	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total production	  	$12,614,289	 	 	$13,737,453	 	 	(8.2	)	 	$45,400,870	 	 	$40,318,585	 	 	12.6	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Channel mix - percent	  			 			 			 			 			 			
Retail	  	44	%	 	44	%	 			 	40	%	 	44	%	 			
Wholesale	  	35	 	 	34	 	 			 	36	 	 	34	 	 			
Correspondent	  	21	 	 	22	 	 			 	24	 	 	22	 	 			
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total production	  	100	%	 	100	%	 			 	100	%	 	100	%	 			
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Purchase and refinance mix	  			 			 			 			 			 			
Refinance	  	$4,266,890	 	 	$4,737,623	 	 	(9.9	)	 	$19,554,615	 	 	$14,162,394	 	 	38.1	 	
Purchase	  	8,347,399	 	 	8,999,830	 	 	(7.2	)	 	25,846,255	 	 	26,156,191	 	 	(1.2	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total production	  	$12,614,289	 	 	$13,737,453	 	 	(8.2	)	 	$45,400,870	 	 	$40,318,585	 	 	12.6	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Purchase and refinance mix - percent	  			 			 			 			 			 			
Refinance	  	34	%	 	34	%	 			 	43	%	 	35	%	 			
Purchase	  	66	 	 	66	 	 			 	57	 	 	65	 	 			
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total production	  	100	%	 	100	%	 			 	100	%	 	100	%	 			
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Applications	  	$21,347,294	 	 	$21,541,643	 	 	(0.9	)	 	$70,216,063	 	 	$63,908,537	 	 	9.9	 	
Mortgage Servicing Data (End of Period)	  			 			 			 			 			 			
Total loans serviced	  	$149,862,311	 	 	$124,795,178	 	 	20.1	%	 			 			 			
Total loans serviced for others	  	110,457,690	 	 	83,079,809	 	 	33.0	 	 			 			 			
Net carrying value of MSRs	  	995,984	 	 	724,640	 	 	37.4	 	 			 			 			
Ratio of net carrying value of MSRs to total loans serviced for others	  	0.902	%	 	0.872	%	 			 			 			 			
1 Provision for loan losses represents net charge-offs for the lines of business.
2 Shareholders’ equity is not allocated to the lines of business at this time; business line performance does not include the funding benefit that would result from holding shareholders’ equity at the line of business level.
3 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.
 
Page 20

PRELIMINARY DATA
Wealth and Investment Management Line of Business
(Dollars in thousands)     (Unaudited)
																			
   	 	Three Months Ended	 	 	 	 	 	Nine Months Ended	 	 	 	 	
 	 	September 30
2007	 	 	September 30
2006	 	 	%
Change 3	 	 	September 30
2007	 	 	September 30
2006	 	 	%
Change 3	 	
Statement of Income	 			 			 			 			 			 			
Net interest income	 	$86,021	 	 	$93,211	 	 	(7.7	)%	 	$262,690	 	 	$275,145	 	 	(4.5	)%	
FTE adjustment	 	13	 	 	19	 	 	(31.6	)	 	41	 	 	53	 	 	(22.6	)	
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income - FTE	 	86,034	 	 	93,230	 	 	(7.7	)	 	262,731	 	 	275,198	 	 	(4.5	)	
Provision for loan losses 1	 	1,914	 	 	736	 	 	NM	 	 	5,925	 	 	1,679	 	 	NM	 	
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income after provision for loan losses - FTE	 	84,120	 	 	92,494	 	 	(9.1	)	 	256,806	 	 	273,519	 	 	(6.1	)	

Noninterest income before securities gains/(losses)	 	257,115	 	 	354,533	 	 	(27.5	)	 	790,633	 	 	843,986	 	 	(6.3	)	
Securities gains/(losses), net	 	(2	)	 	(1	)	 	100.0	 	 	8	 	 	(53	)	 	NM	 	
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest income	 	257,113	 	 	354,532	 	 	(27.5	)	 	790,641	 	 	843,933	 	 	(6.3	)	

Noninterest expense before amortization of intangible assets	 	238,697	 	 	247,056	 	 	(3.4	)	 	743,074	 	 	742,978	 	 	-	 	
Amortization of intangible assets	 	6,521	 	 	3,662	 	 	78.1	 	 	16,737	 	 	10,968	 	 	52.6	 	
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest expense	 	245,218	 	 	250,718	 	 	(2.2	)	 	759,811	 	 	753,946	 	 	0.8	 	

Income before provision for income taxes	 	96,015	 	 	196,308	 	 	(51.1	)	 	287,636	 	 	363,506	 	 	(20.9	)	
Provision for income taxes	 	35,611	 	 	73,138	 	 	(51.3	)	 	106,105	 	 	135,425	 	 	(21.7	)	
FTE adjustment	 	13	 	 	19	 	 	(31.6	)	 	41	 	 	53	 	 	(22.6	)	
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net income	 	$60,391	 	 	$123,151	 	 	(51.0	)	 	$181,490	 	 	$228,028	 	 	(20.4	)	
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total revenue - FTE	 	$343,147	 	 	$447,762	 	 	(23.4	)	 	$1,053,372	 	 	$1,119,131	 	 	(5.9	)	
Measures excluding net gain on sale of Bond Trustee business 4	 			 			 			 			 			 			
Total noninterest income	 	$257,113	 	 	$354,532	 	 	(27.5	)%	 	$790,641	 	 	$843,933	 	 	(6.3	)%	
Net gain on sale of Bond Trustee business	 	-	 	 	(112,759	)	 	100.0	 	 	-	 	 	(112,759	)	 	100.0	 	
Total noninterest income excluding gain on sale of Bond	 			 			 			 			 			 			
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Trustee business	 	$257,113	 	 	$241,773	 	 	6.3	 	 	$790,641	 	 	$731,174	 	 	8.1	 	
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total revenue - FTE	 	$343,147	 	 	$447,762	 	 	(23.4	)	 	$1,053,372	 	 	$1,119,131	 	 	(5.9	)	
Net gain on sale of Bond Trustee business	 	-	 	 	(112,759	)	 	100.0	 	 	-	 	 	(112,759	)	 	100.0	 	
Total revenue - FTE excluding net gain on sale of Bond	 			 			 			 			 			 			
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Trustee business	 	$343,147	 	 	$335,003	 	 	2.4	 	 	$1,053,372	 	 	$1,006,372	 	 	4.7	 	

Net income	 	$60,391	 	 	$123,151	 	 	(51.0	)	 	$181,490	 	 	$228,028	 	 	(20.4	)	
Net gain on sale of Bond Trustee business, net of tax	 	-	 	 	(69,911	)	 	100.0	 	 	-	 	 	(69,911	)	 	100.0	 	
Net income excluding net gain on sale of Bond	 			 			 			 			 			 			
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Trustee business	 	$60,391	 	 	$53,240	 	 	13.4	 	 	$181,490	 	 	$158,117	 	 	14.8	 	
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Average Balance Sheet	 			 			 			 			 			 			
Total loans	 	$7,848,930	 	 	$8,128,016	 	 	(3.4	)%	 	$8,022,472	 	 	$8,113,524	 	 	(1.1	)%	
Goodwill	 	314,166	 	 	306,873	 	 	2.4	 	 	314,297	 	 	303,473	 	 	3.6	 	
Other intangible assets excluding MSRs	 	134,068	 	 	124,030	 	 	8.1	 	 	129,395	 	 	123,429	 	 	4.8	 	
Total assets	 	8,768,176	 	 	8,945,958	 	 	(2.0	)	 	8,923,698	 	 	8,898,351	 	 	0.3	 	
Total deposits	 	9,608,257	 	 	9,534,090	 	 	0.8	 	 	9,753,449	 	 	9,285,272	 	 	5.0	 	
Shareholders’ equity is not allocated at this time 2	 			 			 			 			 			 			
Performance Ratios	 			 			 			 			 			 			
Efficiency ratio	 	74.84	%	 	55.99	%	 			 	73.21	%	 	67.37	%	 			
Impact of excluding cost of intangible assets	 	(3.08	)	 	(1.39	)	 			 	(2.60	)	 	(1.79	)	 			
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Tangible efficiency ratio	 	71.76	%	 	54.60	%	 			 	70.61	%	 	65.58	%	 			
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Other Information (End of Period)	 			 			 			 			 			 			
Assets under administration	 			 			 			 			 			 			
Managed (discretionary) assets	 	$142,863,031	 	 	$138,572,125	 	 	3.1	%	 			 			 			
Non-managed assets	 	59,283,257	 	 	53,231,004	 	 	11.4	 	 			 			 			
	 	 	 	 	 	 	 			 			 			 			
Total assets under administration	 	202,146,288	 	 	191,803,129	 	 	5.4	 	 			 			 			

Brokerage assets	 	42,365,873	 	 	36,662,400	 	 	15.6	 	 			 			 			
Corporate trust assets	 	8,508,088	 	 	10,013,555	 	 	(15.0	)	 			 			 			
	 	 	 	 	 	 	 			 			 			 			
Total assets under advisement	 	$253,020,249	 	 	$238,479,084	 	 	6.1	 	 			 			 			

1	Provision for loan losses represents net charge-offs for the lines of business.	

2	Shareholders’ equity is not allocated to the lines of business at this time; business line performance does not include the funding benefit that would result from holding shareholders’ equity at the line of business level.	

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

4	SunTrust presents total noninterest income, total revenue, and net income excluding the net gain on the sale of the Bond Trustee business. The Company believes total noninterest income, total revenue, and net income without the sale of the Bond Trustee business is more indicative of normalized operations.	
 
Page 21

PRELIMINARY DATA
Corporate Other and Treasury
(Dollars in thousands)     (Unaudited)
																			
   	 	Three Months Ended	 	 	 	 	 	Nine Months Ended	 	 	 	 	
 	 	September 30
2007	 	 	September 30
2006	 	 	%
Change 2	 	 	September 30
2007	 	 	September 30
2006	 	 	%
Change 2	 	
Statement of Income	 			 			 			 			 			 			
Net interest income	 	$143,797	 	 	$43,274	 	 	NM	%	 	$370,089	 	 	$170,442	 	 	NM	%	
FTE adjustment	 	4,690	 	 	3,908	 	 	20.0	 	 	13,140	 	 	11,411	 	 	15.2	 	
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income - FTE	 	148,487	 	 	47,182	 	 	NM	 	 	383,229	 	 	181,853	 	 	NM	 	
Provision for loan losses 1	 	45,055	 	 	26,212	 	 	71.9	 	 	57,714	 	 	62,113	 	 	(7.1	)	
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income after provision for loan losses - FTE	 	103,432	 	 	20,970	 	 	NM	 	 	325,515	 	 	119,740	 	 	NM	 	

Noninterest income before securities gains/(losses)	 	64,142	 	 	15,833	 	 	NM	 	 	136,387	 	 	46,507	 	 	NM	 	
Securities gains/(losses), net	 	993	 	 	(91,455	)	 	NM	 	 	237,412	 	 	(85,441	)	 	NM	 	
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest income	 	65,135	 	 	(75,622	)	 	NM	 	 	373,799	 	 	(38,934	)	 	NM	 	

Noninterest expense before amortization of intangible assets	 	(10,598	)	 	(24,071	)	 	(56.0	)	 	(68,184	)	 	(66,990	)	 	1.8	 	
Amortization of intangible assets	 	222	 	 	222	 	 	-	 	 	664	 	 	667	 	 	(0.4	)	
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest expense	 	(10,376	)	 	(23,849	)	 	(56.5	)	 	(67,520	)	 	(66,323	)	 	1.8	 	

Income before provision for income taxes	 	178,943	 	 	(30,803	)	 	NM	 	 	766,834	 	 	147,129	 	 	NM	 	
Provision for income taxes	 	46,342	 	 	(47,898	)	 	NM	 	 	228,337	 	 	(20,214	)	 	NM	 	
FTE adjustment	 	4,690	 	 	3,908	 	 	20.0	 	 	13,140	 	 	11,411	 	 	15.2	 	
Net income	 	$127,911	 	 	$13,187	 	 	NM	 	 	$525,357	 	 	$155,932	 	 	NM	 	

Total revenue - FTE	 	$213,622	 	 	($28,440	)	 	NM	 	 	$757,028	 	 	$142,919	 	 	NM	 	
Measures excluding securities gains/(losses), net 3	 			 			 			 			 			 			
							
Total revenue - FTE	 	$213,622	 	 	($28,440	)	 	NM	%	 	$757,028	 	 	$142,919	 	 	NM	%	
Securities (gains)/losses, net	 	(993	)	 	91,455	 	 	NM	 	 	(237,412	)	 	85,441	 	 	NM	 	
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total revenue - FTE excluding net securities (gains)/losses	 	$212,629	 	 	$63,015	 	 	NM	 	 	$519,616	 	 	$228,360	 	 	NM	 	

Net income	 	$127,911	 	 	$13,187	 	 	NM	 	 	$525,357	 	 	$155,932	 	 	NM	 	
Securities (gains)/losses, net of tax	 	(616	)	 	56,702	 	 	NM	 	 	(147,195	)	 	52,973	 	 	NM	 	
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net income excluding net securities (gains)/losses	 	$127,295	 	 	$69,889	 	 	82.1	 	 	$378,162	 	 	$208,905	 	 	81.0	 	
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Average Balance Sheet	 			 			 			 			 			 			
							
Total loans	 	$583,989	 	 	$480,197	 	 	21.6	%	 	$591,545	 	 	$409,011	 	 	44.6	%	
Securities available for sale	 	14,935,925	 	 	23,869,058	 	 	(37.4	)	 	18,370,420	 	 	24,706,818	 	 	(25.6	)	
Goodwill	 	6,372	 	 	6,853	 	 	(7.0	)	 	7,233	 	 	7,611	 	 	(5.0	)	
Other intangible assets excluding MSRs	 	4,756	 	 	5,623	 	 	(15.4	)	 	4,966	 	 	5,845	 	 	(15.0	)	
Total assets	 	23,003,998	 	 	31,986,393	 	 	(28.1	)	 	26,739,032	 	 	33,056,867	 	 	(19.1	)	
Total deposits (mainly brokered and foreign)	 	21,020,746	 	 	27,921,482	 	 	(24.7	)	 	23,807,830	 	 	26,622,523	 	 	(10.6	)	

	 	 	 	 	 	 	 			 			 			 			
 	 	September 30
2007	 	 	June 30
2007	 	 	 	 	 	 	 	 	 	 	 	 	 	
Other Information	 			 			 			 			 			 			
Duration of investment portfolio	 	4.6	%	 	5.2	%	 			 			 			 			
							
Accounting net interest income interest rate sensitivity 4 :	 			 			 			 			 			 			
% Change in net interest income under:	 			 			 			 			 			 			
Instantaneous 100 bp increase in rates over next 12 months	 	0.6	%	 	(0.8	)%	 			 			 			 			
Instantaneous 100 bp decrease in rates over next 12 months	 	(0.9	)%	 	0.4	%	 			 			 			 			
							
Economic net interest income interest rate sensitivity 4 :	 			 			 			 			 			 			
% Change in net interest income under:	 			 			 			 			 			 			
Instantaneous 100 bp increase in rates over next 12 months	 	(0.6	)%	 	0.3	%	 			 			 			 			
Instantaneous 100 bp decrease in rates over next 12 months	 	0.2	%	 	(0.7	)%	 			 			 			 			
 
1	Provision for loan losses represents difference between net charge-offs for the lines of business and consolidated provision for loan losses.	

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

3	SunTrust presents total revenue and net income excluding realized securities gains/losses. The Company believes total revenue and net income without the securities gains/losses is more indicative of the Company’s performance because it isolates income that is primarily customer relationship and customer transaction driven.	

4	The recognition of interest rate sensitivity from an accounting perspective is different from the economic perspective due to the election of fair value accounting for the related interest rate swaps. The net interest income sensitivity profile from an economic perspective assumes the net interest payments from the related swaps were included in margin.	
 
Page 22

PRELIMINARY DATA
Consolidated - Segment Totals
(Dollars in thousands)     (Unaudited)

   	  	Three Months Ended	 	 	 	 	 	Nine Months Ended	 	 	 	 	
 	  	September 30
2007	 	 	September 30
2006	 	 	%
Change 1 	 	 	September 30
2007	 	 	September 30
2006	 	 	%
Change 1	 	
Statement of Income	  			 			 			 			 			 			
Net interest income	  	$1,192,188	 	 	$1,151,392	 	 	3.5	%	 	$3,552,031	 	 	$3,499,176	 	 	1.5	%	
FTE adjustment	  	27,055	 	 	22,468	 	 	20.4	 	 	75,436	 	 	64,089	 	 	17.7	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income - FTE	  	1,219,243	 	 	1,173,860	 	 	3.9	 	 	3,627,467	 	 	3,563,265	 	 	1.8	 	
Provision for loan losses	  	147,020	 	 	61,568	 	 	NM	 	 	308,141	 	 	146,730	 	 	NM	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income after provision for loan losses - FTE	  	1,072,223	 	 	1,112,292	 	 	(3.6	)	 	3,319,326	 	 	3,416,535	 	 	(2.8	)	

Noninterest income before securities gains/(losses)	  	818,148	 	 	950,747	 	 	(13.9	)	 	2,615,244	 	 	2,671,660	 	 	(2.1	)	
Securities gains/(losses), net	  	991	 	 	(91,816	)	 	NM	 	 	237,423	 	 	(85,854	)	 	NM	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest income	  	819,139	 	 	858,931	 	 	(4.6	)	 	2,852,667	 	 	2,585,806	 	 	10.3	 	

Noninterest expense before amortization of intangible assets	  	1,266,425	 	 	1,179,707	 	 	7.4	 	 	3,705,170	 	 	3,567,161	 	 	3.9	 	
Amortization of intangible assets	  	24,820	 	 	25,792	 	 	(3.8	)	 	73,266	 	 	78,922	 	 	(7.2	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest expense	  	1,291,245	 	 	1,205,499	 	 	7.1	 	 	3,778,436	 	 	3,646,083	 	 	3.6	 	

Income before provision for income taxes	  	600,117	 	 	765,724	 	 	(21.6	)	 	2,393,557	 	 	2,356,258	 	 	1.6	 	
Provision for income taxes	  	152,898	 	 	207,668	 	 	(26.4	)	 	695,230	 	 	681,052	 	 	2.1	 	
FTE adjustment	  	27,055	 	 	22,468	 	 	20.4	 	 	75,436	 	 	64,089	 	 	17.7	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net income	  	$420,164	 	 	$535,588	 	 	(21.6	)	 	$1,622,891	 	 	$1,611,117	 	 	0.7	 	

Total revenue - FTE	  	$2,038,382	 	 	$2,032,791	 	 	0.3	 	 	$6,480,134	 	 	$6,149,071	 	 	5.4	 	
							
Average Balance Sheet	  			 			 			 			 			 			
Total loans	  	$119,558,699	 	 	$120,741,979	 	 	(1.0	)%	 	$119,738,907	 	 	$119,065,976	 	 	0.6	%	
Goodwill	  	6,904,362	 	 	6,902,234	 	 	-	 	 	6,903,481	 	 	6,879,801	 	 	0.3	 	
Other intangible assets excluding MSRs	  	336,692	 	 	406,741	 	 	(17.2	)	 	351,063	 	 	429,101	 	 	(18.2	)	
Total assets	  	174,653,377	 	 	180,500,921	 	 	(3.2	)	 	178,693,630	 	 	179,631,675	 	 	(0.5	)	
Total deposits	  	117,847,423	 	 	125,600,815	 	 	(6.2	)	 	121,396,777	 	 	123,324,585	 	 	(1.6	)	
							
Performance Ratios	  			 			 			 			 			 			
Efficiency ratio	  	63.35	%	 	59.30	%	 			 	58.31	%	 	59.29	%	 			
Impact of excluding cost of intangible assets	  	(1.22	)	 	(1.27	)	 			 	(1.13	)	 	(1.28	)	 			
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Tangible efficiency ratio	  	62.13	%	 	58.03	%	 			 	57.18	%	 	58.01	%	 			
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
1 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.
 
Page 23

SunTrust Banks, Inc.
3Q 2007 Earnings Presentation
October 18, 2007
Exhibit 99.2	

1
The following should be read in conjunction with the financial statements, notes and other information contained in the Company’s 2006 Annual Report on Form 10-K, Quarterly
Reports on Form 10-Q, and Current Reports on Form 8-K.
This presentation may include non-GAAP financial measures to describe SunTrust’s performance.  The reconciliation of those measures to GAAP measures can be found in
SunTrust’s earnings press releases, which can be found on SunTrust’s website in the news section of the investor relations pages.  In this presentation, net interest income and net
interest margin are presented on a fully taxable-equivalent (“FTE”) basis, and ratios are presented on an annualized basis. The FTE basis adjusts for the tax-favored status of income
from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and provides relevant comparison between
taxable and non-taxable amounts.
The
information
in
this
presentation
may
contain
forward-looking
statements.
Statements
that
do
not
describe
historical
or
current
facts,
including
statements
about
beliefs
and
expectations,
and
in
particular
the
outlook
statements
provided
at
slide
14,
are
forward-looking
statements.
These
statements
often
include
the
words
“may,”
“could,”
“will,”
“should,”
“believes,”
“expects,”
“anticipates,”
“estimates,”
“intends,”
“plans,”
“targets,”
“initiatives,”
“potentially,”
“probably,”
“projects,”
“outlook”
or
similar
expressions.
Such
statements
are
based
upon
the
current
beliefs
and
expectations
of
SunTrust's
management
and
on
information
currently
available
to
management.
The
forward
looking
statements
are
intended
to
be
subject to
the
safe
harbor
provided
by
Section
27A
of
the
Securities
Act
of
1933
and
Section
21E
of
the
Securities
Exchange
Act
of
1934.
Such
statements
speak
as
of
the
date
hereof,
and
SunTrust
does
not
intend
to
update
the
statements
made
herein
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 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. Factors that could cause SunTrust’s results to differ materially from those described in the forward-looking statements
can be found in the Company's 2006 Annual Report on Form 10-K, in the Company’s Quarterly Reports on Form 10-Q, and in the Current Reports on Form 8-K filed with the Securities
and Exchange Commission and available at the Securities and Exchange Commission's internet site (http://www.sec.gov). Those factors include: changes in general business or
economic
conditions
could
have
a
material
adverse
effect
on
our
financial
condition
and
results
of
operations;
our
trading
assets
and
financial
instruments
carried
at
fair
value
expose
the
Company
to
certain
market
risks;
changes
in
market
interest
rates
or
capital
markets
could
adversely
affect
our
revenues
and
expenses,
the
value
of
assets
and
obligations,
costs
of
capital,
or
liquidity;
the
fiscal
and
monetary
policies
of
the
federal
government
and
its
agencies
could
have
a
material
adverse
effect
on
our
earnings;
significant
changes
in
securities
markets
or
markets
for
commercial
or
residential
real
estate
could
harm
our
revenues
and
profitability;
customers
could
pursue
alternatives
to
bank
deposits,
causing
us
to
lose
a
relatively
inexpensive
source
of
funding;
customers
may
decide
not
to
use
banks
to
complete
their
financial
transactions,which
could
affect
net
income;
we
have
businesses
other
than
banking,
which
subjects
us
to
a
variety
of
risks;
hurricanes
and
other
natural
disasters
may
adversely
affect
loan
portfolios
and
operations
and
increase
the
cost
of
doing
business;
negative
public
opinion
could
damage
our
reputation
and
adversely
impact
our
business;we
rely
on
other
companies
for
key
components
of
our
business
infrastructure;we
rely
on
our
systems,
employees
and
certain
counterparties,
and
certain
failures
could
materially
adversely
affect
our
operations;we
depend
on
the
accuracy
and
completeness
of
information
about
clients
and
counterparties;
regulation
by
federal
and
state
agencies
could
adversely
affect
our
business,
revenues,
and
profit
margins;
competition
in
the
financial
services
industry
is
intense
and
could
result
in
losing
business
or
reducing
profit
margins;
future
legislation
could
harm
our
competitive
position;
maintaining
or
increasing
market
share
depends
on
market
acceptance
and
regulatory
approval
of
new
products
and
services;
our
ability
to
receive
dividends
from
our
subsidiaries
accounts
for
most
of
our
revenues
and
could
affect
our
liquidity
and
ability
to
pay
dividends;
significant
legal
actions
could
subject
us
to
substantial
uninsured
liabilities;
we
have
in
the
past
and
may
in
the
future
pursue
acquisitions,
which
could
affect
costs
and
from
which
we
may
not
be
able
to
realize
anticipated
benefits;we
depend
on
the
expertise
of
key
personnel
withoutwhom
our
operations
may
suffer;we
may
be
unable
to
hire
or
retain
additional
qualified
personnel
and
recruiting
and
compensation
costs
may
increase
as
a
result
of
turnover,
both
of
which
may
increase
costs
and
reduce
profitability
and
may
adversely
impact
our
ability
to
implement
our
business
strategy;
our
accounting
policies
and
methods
are
key
to
howwe
report
financial
condition
and
results
of
operations,
and
may
require
management to make estimates about matters that are uncertain; changes in our accounting policies or in accounting standards could materially affect how we report our financial results
and condition; our stock price can be volatile; our disclosure controls and procedures may fail to prevent or detect all errors or acts of fraud; weakness in residential property values and
mortgage loan markets could adversely affect us; and we may be required to repurchase mortgage loans or indemnify mortgage loan purchasers as a result of breaches of
representations and warranties, borrower fraud, or certain borrower defaults, which could harm our liquidity, results of operations and financial condition.	

2
3Q 2007 Financial Performance
Income Statement Summary
($ in millions, except per share data)
Net Interest Income (FTE)
Provision for Loan Losses
Noninterest Income
Noninterest Income Excluding Net Securities Gains
& Losses and Net Gain on Sale of Bond Trustee
Total Revenue (FTE)
Total Revenue (FTE) Excluding Net Securities
Gains & Losses and Net Gain on Sale of Bond
Trustee
Total Noninterest Expense
Total Noninterest Excluding Severance
Provision
for
Income
Taxes ¹
Net Income Available to Common Shareholders
Net Income Available to Common Shareholders
Excluding Coke Gain
Diluted
Net
Income
Per
Average
Common
Share ²
Diluted Net Income Per Average Common Share
Excluding Coke Gain ²
3Q 2007
Sept 30, 2007
3Q 2006
% Change
Annualized
2Q 2007
1.
Effective tax rate in 3Q 2007 was 26.7% versus
31.5% in 2Q 2007 due to: taxes paid on The Coca-Cola Company (“Coke”) gain in 2Q;  the true up of expense
associated with the early  termination of a capital security; and lower projected taxable income
2.
Accelerated share repurchase totaling 9.5 million shares completed in 3Q 2007 with 8 million shares fully reflected and 1.5 million partially
Sept 30, 2006
% Change
Nine Months Ended
$1,219.2
0%
4%
$3,627.5
2%
147.0
NM
NM
308.1
NM
819.1
NM
(5)%
2,852.7
10%
818.1
(44)%
(2)%
2,615.2
2%
2,038.4
(57)%
0%
6,480.1
5%
2,037.4
(19)%                          1%
6,242.7
2%
1,291.2
13%
7%
3,778.4
4%
1,246.2   
(2)%
3%
3,733.4
2%
152.9
NM
(26)%
695.2
2%
412.6
NM
(23)%                      1,600.5
(1)%
412.6
(88)%                    (23)%                     1,455.0
(10)%
1.18
NM                      (20)%
4.52
2%
1.18
(81)%
(20)%                            4.11
(7)%	

3
1.
Does
not
include
initial
costs
or
non-recurring
expense
reductions
associated
with
E ²
implementation,
including
severance
2.
Total realized expense reductions achieved year-to-date through the end of 3Q
($ in millions)
E
2
Efficiency and Productivity Program: Estimated Gross Cost Savings
1
Savings For Fiscal Year 2009 Represent Over 10% of Expense Base
Cumulative Total
2007
2008
2009
Corporate Real Estate
Supplier Management
Offshoring/Outsourcing
Process Reengineering
Organizational Review
100
115
45
125
145
$
$181
$350
$530
TOTAL    
$   530
E
2
2007 Estimated Gross Cost Savings
1,2
($ in millions)
Gross Cost Savings
For 3Q  
= $59.5M
$140.1
$0.0
$135.0
$90.0
$45.0
$181.0	

4
Driving Shareholder Value
Capital
Management
•
3Q 2007 results include a pre-tax one-time charge of $45 million associated with the eliminations
•
Over 1,000 individuals notified in late August of position elimination
E
2
Program
Approximately 2,400 primarily non-customer contact employee positions, or 7% of the
workforce, will be eliminated by year-end 2008
Sale and leaseback transactions are progressing
Investing
For
Growth
Mobile Banking and small business Online Payroll applications will be launched in November
Added 178 net new Retail Mortgage Loan Officers; net overall sales team increased by over 300
During 2007, we will open 47 new branches, and improve over 50% of our branches; over 40% will
be refreshed and over 10% will be renovated
Investments in GenSpring family offices include its recent rebranding (formerly AMA), opening a
New York office, hiring several client advisors, and a small acquisition
10.2 million shares repurchased year-to-date
Tier 1 capital target remains at 7.5%; 7.45% at 9/30/07 ¹
Evaluation of Coke holdings continues with expected communication before year end
•
Completed transactions and initiatives provide 25% of our $100 million run rate objective for 2009
•
We expect to have the remaining for sale properties under contract by year end
•
Closings on the remaining sales are expected to occur during 4Q 2007 and 1Q 2008
1.  Tier 1 capital ratio is estimated as of 9/30/2007	

5
Financial Topics:  Margin and Provision
Margin Continues to Improve, Growing to 3.18% in 3Q 2007
Provision Increase of $42.3 Million Over 2Q 2007
Continued improvement from balance
sheet strategies
Trend should continue in 4Q 2007
2008 NIM should benefit from lower
short term rates and yield curve
steepening
Provision
Net Charge-Offs
Net ALLL Increase
Allowance to Loan
Ratio
Charge-Off Ratio
2Q 2007
3Q 2007
$104.7
88.3
$16.4
0.88%
0.30%
$147.0
103.7
$43.3
0.91%
0.34%
3Q 2007 charge-offs largely from
consumer portfolios
YTD charge-off ratio = 0.28%
Through mid-year 2008, we anticipate 
charge-offs will be in the 35-45 bps
range assuming no further material
deterioration in the economy
Allowance ratio adequate to cover
current estimated losses
2.94%
3.02%
3.10%
3.18%
4Q 2006
1Q 2007
2Q 2007
3Q 2007
($ in millions)	

6
Financial Topics:  Market Impacts and Expense Growth
$161 million Pre-Tax Impact of Market Conditions on Non-Interest Income
Capital Markets
Mortgage
Treasury
$    (121)
(88)
48
TOTAL    
$   161
Core Expense Growth of 1.5% YTD 2007 over YTD 2006
($ in millions)
Charges equate to $0.28 per share
Further declines in fixed income values
in September added to our previous
$0.20 impact through August
The losses are largely unrealized, but we
do not expect a material recovery in the
short run
Noninterest Expense
Net E ²
Non-Recurring ¹
Elimination of FAS 91 Deferral ²
Reversal of LILO QTE Reserve
True Up of Expense for Early
Termination of Capital Security
Debt Retirement Cost
Adjusted Noninterest
Expense
YTD 2007
YTD 2006
% Change
$3,778.4
(57.6)
(44.5)
33.6
(9.8)
$3,700.1
$3,646.1
(9.9)
10.9
$3,647.1
3.6%
1.5%
($ in millions)
1. 
Includes $45 million of severance recorded in 3Q 2007
2.  Related to fair value accounting election in May 2007	

7
Commercial
$34,970    
29%
Residential
Mortgages
$31,604
   26%
Construction
$14,359     
12%
Home Equity
Lines     
$14,599    
12%
Commercial RE
$12,487       
10%
Indirect
$7,642 
7%
Direct
$4,419
4%
Loan Portfolio: $120,748
1
•
Well diversified by product and client
•
Diversified throughout the SunTrust
footprint
•
No material exposure to credit card or
other consumer unsecured lending
•
The Commercial portfolios, which
represent 39% of total loans, are
performing well overall
•
Trend of increasing charge-offs in
residential mortgage and home equity
portfolios, driven by Alt-A
Credit Perspective
(As of 9/30/07, in millions)
1.  Loan Portfolio also includes credit card balances which totaled $668 million	

8
Alt-A 1st
$1,106
3%
Prime 2nd
Mortgage
$3,451
11%
Lot Loans
$1,736
5%
Core Mortgage
Portfolio
$19,526
63%
Alt-A 2nd
$631
2%
Home Equity
Loans
$3,788
12%
Wealth &
Investment
Management
$1,366
4%
Residential Mortgages:  $31,604
Credit Perspective
Note:  LTV’s all at origination and FICO scores refreshed quarterly
(As of 9/30/07, in millions)
•
Core Mortgage Portfolio
•
WA LTV of 73%
•
FICO of 729
•
Lot Loans
•
Developed lots for residences
•
WA FICO of 735
•
Prime 2
nds
•
Purchase money
•
Insured seconds
•
Alt-A 1
st
•
WA LTV is 76%
•
Alt-A 2
nd
•
Portfolio is insured
•
Home Equity Loans
•
WA FICO of 725
•
LTV at 71%
•
40% 1
st
lien	

9
Home Equity Lines $14,599
Credit Perspective
(As of 09/30/07, in millions)
LTV at Origination and Refreshed FICO
•
Weighted Average FICO 734
•
24% of portfolio in 1 st
lien position
•
Origination Channels
–
Lower risk channels (87% of total)
•
Branch channel (64%)
•
Wealth & Investment Management
(11%)
•
Cross sell to mortgage customers
(7%) 
•
Bank Acquisition (5%)
–
Higher risk channels (13% of total)
•
Wholesale (9%)
•
Purchase Money Lines (4%)
•
Weighted Average seasoning 27 Months
LTV -
$
(in millions)
FICO
<70%
71% -
80%
81% -
90%
91%+
Other
Total
730+
2,875
1,654
1,794
1,831
302
8,002
700-729
560
415
488
561
70
1,982
660 -
699
569
412
522
541
77
2,007
<660
385
317
418
457
144
1,630
Not Refreshed
73
14
19
31
69
194
Total
4,462
2,812
3,241
3,422
661
14,599
LTV -
% of Total
FICO
<70%
71% -
80%
81% -
90%
91%+
Other
Total
730+
19.7%
11.3%
12.3%
12.5%
2.1%
58%
700-729
3.8%
2.8%
3.3%
3.8%
0.5%
14%
660 -
699
3.9%
2.8%
3.6%
3.7%
0.5%
15%
<660
2.6%
2.2%
2.9%
3.1%
1.0%
12%
Not Refreshed
0.5%
0.1%
0.1%
0.2%
0.5%
1%
Total
30.6%
19.3%
22.2%
23.4%
4.5%
100%	

10
Construction $14,359
Credit Perspective
(As of 9/30/07, in millions)
•
Construction and A&D for
Commercial purposes accounts
for 27% of the construction
portfolio
•
38% of total residential related
development loans are in Florida
(Res A&D, Res Const, CP, and
Raw Land)
•
The total residential construction
and development portfolio  is
made up of many relatively small
loans with an average size of
$560,000
•
Raw Land is $1.0 billion or 0.8%
of the total loan portfolio and is
geographically dispersed
throughout the SunTrust footprint
Other
  $708
5%
Residential
Construction
$2,835
20%
Construction
Perm
  $3,703
26%
Commercial
A&D 
$669
5%
Commercial
Construction
$3,212
22%
Residential
A&D
  $2,208
15%
Raw Land
$1,024
7%	

11
Nonaccrual Loans: $975
Credit Perspective
(As of 9/30/07, in millions)
1.  Includes Home Equity lines on nonaccrual status
•
Commercial portfolios are performing well
overall
•
Residential mortgage non accruals:
–
Alt-A loans make up 50% of the non
accruals but only 5% of residential
mortgage portfolio
–
65% of Alt-A non accruals are 1st
lien with an average LTV of 76%
–
Alt-A 2nds are insured and reserves
have been established for potential
denied claims
–
Most of the remaining residential
mortgage non accruals come from
the Core portfolio, with typically
lower LTVs
•
95% of construction non accruals are from   
residential-related construction and 
development
•
The ALLL covers annualized 3Q 2007
charge-offs by 264% driven by the low loss
content of the residential loan portfolio
Consumer 
$11
1%
Commercial RE 
$41
4%
Construction 
$158
16%
Commercial 
$74
8%
Residential
Mortgages
1
$691
71%	

12
Appendix	

13
3Q 2007 Financial Performance
Balance Sheet
Real Estate 1-4 Family
Real Estate Construction
Real Estate Home Equity Lines
Real Estate Commercial
Commercial
Consumer –
Direct
Consumer –
Indirect
Total Loans
Loans Held for Sale
Trading Assets
Total Securities Available for Sale
Total Earning Assets
Noninterest-Bearing Deposits
NOW Accounts
Money Market Accounts
Savings
Consumer Time
Other Time
Total Consumer and Commercial Deposits
(Average balances, $ in millions)
3Q 2007
% Change
3Q 2006
$    31,003.5
13,686.6
14,133.1
12,759.3
34,247.9
4,368.0
7,966.4
119,558.7
9,748.0
10,692.4
12,587.1
$  152,327.6
$    21,445.1
19,543.4
22,560.3
4,456.5
16,839.9
11,862.4
$    96,707.6
$    33,875.7
12,805.6
13,626.3
12,808.6
34,306.9
4,206.9
8,339.1
120,742.0
11,026.4
2,988.6
23,996.6
$  158,914.7
$    22,933.4
16,596.2
24,267.0
5,591.2
16,402.5
11,852.2
$    97,642.5
(8)%
7%
4%
0%
0%
4%
(4)%
(1)%
(12)%
NM
(48)%
(4)%
(6)%
18%
(7)%
(20)%
3%
0%
(1)%	

14
Outlook
1
•
We expect further net interest margin expansion in 4Q 2007; 2008
net interest margin should benefit from
lower short term rates and yield curve steepening. ²
•
We do not expect any meaningful increase in large corporate loans related to “hung”
leveraged buy-out
transactions, as SunTrust does not have any significant exposure
in this area.
•
Through mid-year 2008, we anticipate net charge-offs will be in the 35-45 basis point range assuming no
further material deterioration in the economy. ²
•
We do not expect a material near-term recovery of the losses associated with the mark-to-market
adjustments realized in 3Q 2007.
•
We expect the tax rate in the fourth quarter to approximate 30%,
resulting in approximately that level for the
full year. ²
•
Our Tier 1 capital ratio target remains 7.5%.
•
In the fourth quarter, we intend to replace approximately $650 million of capital instruments with hybrid
securities that have a higher equity content.
•
E ²
Efficiency and Productivity Initiative:
–
We anticipate that we will exceed our upwardly revised E ²
target of $181 million in estimated gross cost savings for 2007.
–
In conjunction with our corporate real estate space utilization strategy, we have been actively marketing 469 properties over the past
several months.  A majority of these properties are currently under contract.  We expect to have the remaining properties that are for
sale under contract by the end of the year.  We expect to close the remaining sales during the fourth quarter of 2007 and first quarter
of 2008.
–
We are confident that we will achieve our $350 million gross cost savings goal in 2008.
–
Our 2009 gross cost savings goal remains $530 million.
1.
Actual
results
could
differ
materially
from
those
contained
in
or
implied
by
such
statements
-
a
list
of
important
factors
that
could
affect
actual
results
are
listed on slide 1
2.
Assumes no further material deterioration in the economy