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 30, 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 8.01.	Other Events.	
On October 18, 2007, SunTrust Banks, Inc. (the “Registrant”) furnished to the Commission a copy of a news release announcing the Registrant’s results for the quarter ended September 30, 2007 as Exhibit 99.1 to a current report on Form 8-K. The Registrant is filing this current report on Form 8-K for the sole purpose of causing portions of such news release to be deemed filed with the Commission and thereby incorporated into certain registration statements. The portion of the October 18, 2007 news release which the Registrant is filing with the Commission is attached hereto as Exhibit 99.1, and Exhibit 99.1 to this current report is incorporated herein by reference. All information in Exhibit 99.1 is provided as of the date thereof and the Registrant does not assume any obligation to update said information in the future.

Item 9.01.	Financial Statements and Exhibits.	
(d) Exhibits.

99.1	  	Financial data as of September 30, 2007	

Signatures
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 hereunto duly authorized.

	 		 	SUNTRUST BANKS, INC.	
				
Date: October 30, 2007	 		 	By:	 	/s/ David A. Wisniewski	
	 		 		 		 	David A. Wisniewski	
	 		 		 		 	Group Vice President	
  
Exhibit 99.1

	 		

Contact:	  		
Investors	  	Media	
Steve Shriner	  	Barry Koling	
(404) 827-6714	  	(404) 230-5268	
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 October 18, 2007.	    	 	 	 	 	 	 	 	
 
 	•	 	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	

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
 
2

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.	
 
3

 	•	 	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.
 
4

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
 
5

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.
 
6

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
 
7

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.
 
8

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
 
9

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.
 
10

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.
 
11

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.
 
12

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 financial information 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.
 
13

Forward-Looking Statements
This financial information 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 financial information 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.
###
 
14

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	 	
							
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	)	

   	  	Three Months Ended
September 30	
   	  	2007	  	2006	
CONDENSED BALANCE SHEETS	  			  			
Selected Average Balances	  			  			
Total assets	  	$	174,653	  	$	180,501	
Earning assets	  	 	152,328	  	 	158,915	
Loans	  	 	119,559	  	 	120,742	
Consumer and commercial deposits	  	 	96,708	  	 	97,643	
Brokered and foreign deposits	  	 	21,140	  	 	27,958	
Total shareholders’ equity	  	 	17,550	  	 	17,662	
		
 	  	As of	
 	  	September 30
2007	  	September 30
2006	
As of	  			  			
			
Total assets	  	 	175,857	  	 	183,105	
Earning assets	  	 	151,229	  	 	160,288	
Loans	  	 	120,748	  	 	121,237	
Allowance for loan and lease losses	  	 	1,094	  	 	1,087	
Consumer and commercial deposits	  	 	98,834	  	 	98,684	
Brokered and foreign deposits	  	 	17,026	  	 	25,709	
Total shareholders’ equity	  	 	17,907	  	 	18,589	

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 October 18, 2007.

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

							
 	 	As of	 	
 	 	September 30
2007	 	 	December 31
2006	 	
ASSETS	 			 			
Cash and due from banks	 	$4,162,456	 	 	$4,235,889	 	
Interest-bearing deposits in other banks	 	29,684	 	 	21,810	 	
Funds sold and securities purchased under agreements to resell	 	968,553	 	 	1,050,046	 	
Trading assets	 	9,566,806	 	 	2,777,629	 	
Securities available for sale 1	 	15,243,133	 	 	25,101,715	 	
Loans held for sale	 	8,675,427	 	 	11,790,122	 	
Loans:	 			 			
Commercial	 	34,969,714	 	 	34,613,882	 	
Real estate:	 			 			
Home equity lines	 	14,598,774	 	 	14,102,655	 	
Construction	 	14,358,990	 	 	13,892,988	 	
Residential mortgages	 	31,603,884	 	 	33,830,101	 	
Commercial real estate	 	12,487,309	 	 	12,567,824	 	
Consumer:	 			 			
Direct	 	4,419,290	 	 	4,160,091	 	
Indirect	 	7,642,099	 	 	7,936,102	 	
Credit card	 	668,353	 	 	350,690	 	
	 	 	 	 	 	 	
Total loans	 	120,748,413	 	 	121,454,333	 	
Allowance for loan and lease losses	 	(1,093,691	)	 	(1,044,521	)	
	 	 	 	 	 	 	
Net loans	 	119,654,722	 	 	120,409,812	 	
Goodwill	 	6,912,110	 	 	6,889,860	 	
Other intangible assets	 	1,327,060	 	 	1,181,984	 	
Other assets	 	9,317,278	 	 	8,702,742	 	
	 	 	 	 	 	 	
Total assets 2	 	$175,857,229	 	 	$182,161,609	 	
	 	 	 	 	 	 	
LIABILITIES	 			 			
Noninterest-bearing consumer and commercial deposits	 	$20,857,240	 	 	$22,887,176	 	
Interest-bearing consumer and commercial deposits:	 			 			
NOW accounts	 	20,319,435	 	 	20,230,763	 	
Money market accounts	 	24,011,524	 	 	22,371,828	 	
Savings	 	4,376,155	 	 	5,198,980	 	
Consumer time	 	17,037,866	 	 	16,824,239	 	
Other time	 	12,231,832	 	 	12,262,902	 	
	 	 	 	 	 	 	
Total consumer and commercial deposits	 	98,834,052	 	 	99,775,888	 	
Brokered deposits	 	14,188,886	 	 	18,150,059	 	
Foreign deposits	 	2,836,775	 	 	6,095,682	 	
	 	 	 	 	 	 	
Total deposits	 	115,859,713	 	 	124,021,629	 	
Funds purchased	 	1,512,054	 	 	4,867,591	 	
Securities sold under agreements to repurchase	 	5,548,486	 	 	6,950,426	 	
Other short-term borrowings	 	2,971,761	 	 	2,062,636	 	
Long-term debt	 	22,661,381	 	 	18,992,905	 	
Trading liabilities	 	1,906,002	 	 	1,634,097	 	
Other liabilities	 	7,490,585	 	 	5,818,719	 	
	 	 	 	 	 	 	
Total liabilities	 	157,949,982	 	 	164,348,003	 	
	 	 	 	 	 	 	
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	 	 	6,627,196	 	
Retained earnings	 	10,897,059	 	 	10,541,152	 	
Treasury stock, at cost, and other	 	(1,821,360	)	 	(1,151,269	)	
Accumulated other comprehensive income	 	1,251,968	 	 	925,949	 	
	 	 	 	 	 	 	
Total shareholders’ equity	 	17,907,247	 	 	17,813,606	 	

Total liabilities and shareholders’ equity	 	$175,857,229	 	 	$182,161,609	 	

Common shares outstanding	 	348,073,971	 	 	354,902,566	 	
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	 	 	15,675,832	 	
		
1 Includes net unrealized gains of	 	$2,391,606	 	 	$2,103,362	 	
2 Includes earning assets of	 	151,228,575	 	 	159,063,834	 	
 
Page 2

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	 	 	September 30	 	
 	  	2007	 	 	2006	 	 	2007	  	2006	 	
Interest income	  	$2,515,292	 	 	$2,525,489	 	 	$7,587,219	  	$7,227,289	 	
Interest expense	  	1,323,104	 	 	1,374,097	 	 	4,035,188	  	3,728,113	 	
	  	 	 	 	 	 	 	 	  	 	 	
NET INTEREST INCOME	  	1,192,188	 	 	1,151,392	 	 	3,552,031	  	3,499,176	 	
Provision for loan losses	  	147,020	 	 	61,568	 	 	308,141	  	146,730	 	
	  	 	 	 	 	 	 	 	  	 	 	
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	  	1,045,168	 	 	1,089,824	 	 	3,243,890	  	3,352,446	 	

NONINTEREST INCOME	  			 			 		  			
Service charges on deposit accounts	  	213,939	 	 	194,262	 	 	599,818	  	572,092	 	
Trust and investment management income	  	175,242	 	 	173,717	 	 	514,180	  	517,617	 	
Retail investment services	  	71,064	 	 	55,544	 	 	206,392	  	168,974	 	
Other charges and fees	  	120,730	 	 	113,347	 	 	357,225	  	339,677	 	
Investment banking income	  	47,688	 	 	47,046	 	 	159,844	  	159,342	 	
Trading account profits and commissions	  	(31,187	)	 	20,404	 	 	75,451	  	103,461	 	
Card fees	  	70,450	 	 	64,916	 	 	203,225	  	183,460	 	
Mortgage production related income	  	12,950	 	 	50,336	 	 	68,617	  	169,952	 	
Mortgage servicing related income	  	57,142	 	 	36,633	 	 	138,072	  	112,744	 	
Net gain on sale of Bond Trustee business	  	-	 	 	112,759	 	 	-	  	112,759	 	
Gain on sale upon merger of Lighthouse Partners	  	-	 	 	-	 	 	32,340	  	-	 	
Other noninterest income	  	80,130	 	 	81,783	 	 	260,080	  	231,582	 	
Securities gains/(losses), net	  	991	 	 	(91,816	)	 	237,423	  	(85,854	)	
	  	 	 	 	 	 	 	 	  	 	 	
Total noninterest income	  	819,139	 	 	858,931	 	 	2,852,667	  	2,585,806	 	
	  	 	 	 	 	 	 	 	  	 	 	
NONINTEREST EXPENSE	  			 			 		  			
Employee compensation and benefits	  	677,765	 	 	674,322	 	 	2,087,378	  	2,068,360	 	
Net occupancy expense	  	87,626	 	 	85,613	 	 	258,533	  	248,367	 	
Outside processing and software	  	105,132	 	 	98,699	 	 	305,538	  	292,038	 	
Equipment expense	  	51,532	 	 	50,249	 	 	154,764	  	147,804	 	
Marketing and customer development	  	46,897	 	 	35,932	 	 	135,928	  	127,956	 	
Amortization of intangible assets	  	24,820	 	 	25,792	 	 	73,266	  	78,922	 	
Loss on extinguishment of debt	  	9,800	 	 	-	 	 	9,800	  	-	 	
Other noninterest expense	  	287,673	 	 	234,892	 	 	753,229	  	682,636	 	
	  	 	 	 	 	 	 	 	  	 	 	
Total noninterest expense	  	1,291,245	 	 	1,205,499	 	 	3,778,436	  	3,646,083	 	
	  	 	 	 	 	 	 	 	  	 	 	
INCOME BEFORE PROVISION FOR INCOME TAXES	  	573,062	 	 	743,256	 	 	2,318,121	  	2,292,169	 	
Provision for income taxes	  	152,898	 	 	207,668	 	 	695,230	  	681,052	 	
	  	 	 	 	 	 	 	 	  	 	 	
Net income	  	420,164	 	 	535,588	 	 	1,622,891	  	1,611,117	 	
Preferred dividends	  	7,526	 	 	-	 	 	22,408	  	-	 	
	  	 	 	 	 	 	 	 	  	 	 	
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS	  	$412,638	 	 	$535,588	 	 	$1,600,483	  	$1,611,117	 	
	  	 	 	 	 	 	 	 	  	 	 	
Net interest income - FTE 1	  	$1,219,243	 	 	$1,173,860	 	 	$3,627,467	  	$3,563,265	 	
Net income per average common share	  			 			 		  			
Diluted	  	1.18	 	 	1.47	 	 	4.52	  	4.42	 	
Basic	  	1.19	 	 	1.48	 	 	4.57	  	4.46	 	
Cash dividends paid per common share	  	0.73	 	 	0.61	 	 	2.19	  	1.83	 	
Average common shares outstanding (000s)	  			 			 		  			
Diluted	  	349,592	 	 	365,121	 	 	354,244	  	364,322	 	
Basic	  	346,150	 	 	361,805	 	 	350,501	  	361,009	 	

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 3

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 4

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

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

1 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.
2 Includes home equity lines on nonaccrual status.
 
Page 5

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	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
COMMON SHARE ROLLFORWARD	 			 			 			 			 			 			 			 			
Beginning balance	 	349,053	 	 			 			 			 			 			 			 			
Common shares issued/exchanged for employee benefit plans, stock option, performance and restricted stock activity	 	483	 	 			 			 			 			 			 			 			
Acquisition of treasury stock	 	(1,462	)	 			 			 			 			 			 			 			
	 	 	 	 			 			 			 			 			 			 			
Ending balance	 	348,074	 	 			 			 			 			 			 			 			
	 	 	 	 			 			 			 			 			 			 			
COMMON STOCK REPURCHASE ACTIVITY	 			 			 			 			 			 			 			 			
Number of common shares repurchased 2	 	1,472	 	 			 			 			 			 			 			 			
Average price per share of repurchased common shares	 	$81.00	 	 			 			 			 			 			 			 			
Total cost to acquire treasury shares	 	$-	 	 			 			 			 			 			 			 			
Maximum number of common shares that may yet be purchased under plans or programs 3	 	1,009	 	 			 			 			 			 			 			 			

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 6

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

													
 	 	Three Months Ended	 	 	Nine Months Ended	 	
 	 	September 30
2007	 	 	September 30
2006	 	 	September 30
2007	 	 	September 30
2006	 	
NON-GAAP MEASURES PRESENTED IN THE FINANCIAL INFORMATION	 			 			 			 			
Net income	 	$420,164	 	 	$535,588	 	 	$1,622,891	 	 	$1,611,117	 	
Securities (gains)/losses, net of tax	 	(614	)	 	56,926	 	 	(147,202	)	 	53,229	 	
	 	 	 	 	 	 	 	 	 	 	 	 	
Net income excluding net securities gains and losses	 	419,550	 	 	592,514	 	 	1,475,689	 	 	1,664,346	 	
The Coca-Cola Company dividend, net of tax	 	(13,210	)	 	(13,317	)	 	(41,009	)	 	(39,950	)	
	 	 	 	 	 	 	 	 	 	 	 	 	
Net income excluding net securities (gains)/losses and The Coca-Cola Company dividend	 	406,340	 	 	579,197	 	 	1,434,680	 	 	1,624,396	 	
Preferred dividends	 	7,526	 	 	-	 	 	22,408	 	 	-	 	
	 	 	 	 	 	 	 	 	 	 	 	 	
Net income available to common shareholders excluding net securities (gains)/losses and The Coca-Cola Company dividend	 	$398,814	 	 	$579,197	 	 	$1,412,272	 	 	$1,624,396	 	

Total average assets	 	$174,653,377	 	 	$180,500,921	 	 	$178,693,630	 	 	$179,631,675	 	
Average net unrealized securities gains	 	(2,091,892	)	 	(1,374,648	)	 	(2,264,501	)	 	(1,504,293	)	
	 	 	 	 	 	 	 	 	 	 	 	 	
Average assets less net unrealized securities gains	 	$172,561,485	 	 	$179,126,273	 	 	$176,429,129	 	 	$178,127,382	 	

Total average common shareholders’ equity	 	$17,050,182	 	 	$17,558,581	 	 	$17,232,264	 	 	$17,306,802	 	
Average accumulated other comprehensive income	 	(998,561	)	 	(821,317	)	 	(1,092,903	)	 	(899,774	)	
	 	 	 	 	 	 	 	 	 	 	 	 	
Total average realized common shareholders’ equity	 	$16,051,621	 	 	$16,737,264	 	 	$16,139,361	 	 	$16,407,028	 	

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

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

Efficiency ratio 3	 	63.35	%	 	59.30	%	 	58.31	%	 	59.29	%	
Impact of excluding amortization of intangible assets	 	(1.22	)	 	(1.27	)	 	(1.13	)	 	(1.28	)	
	 	 	 	 	 	 	 	 	 	 	 	 	
Tangible efficiency ratio 4	 	62.13	%	 	58.03	%	 	57.18	%	 	58.01	%	

Total shareholders’ equity	 	$17,907,247	 	 	$18,589,307	 	 			 			
Goodwill	 	(6,912,110	)	 	(6,903,001	)	 			 			
Other intangible assets including mortgage servicing rights (“MSRs”)	 	(1,327,060	)	 	(1,120,102	)	 			 			
Mortgage servicing rights	 	995,984	 	 	724,323	 	 			 			
	 	 	 	 	 	 	 			 			
Tangible equity	 	$10,664,061	 	 	$11,290,527	 	 			 			

Total assets	 	$175,857,229	 	 	$183,104,553	 	 			 			
Goodwill	 	(6,912,110	)	 	(6,903,001	)	 			 			
Other intangible assets including MSRs	 	(1,327,060	)	 	(1,120,102	)	 			 			
Mortgage servicing rights	 	995,984	 	 	724,323	 	 			 			
	 	 	 	 	 	 	 			 			
Tangible assets	 	$168,614,043	 	 	$175,805,773	 	 			 			
	 	 	 	 	 	 	 			 			
Tangible equity to tangible assets 5	 	6.32	%	 	6.42	%	 			 			
					
Net interest income	 	$1,192,188	 	 	$1,151,392	 	 	$3,552,031	 	 	$3,499,176	 	
Taxable-equivalent adjustment	 	27,055	 	 	22,468	 	 	75,436	 	 	64,089	 	
	 	 	 	 	 	 	 	 	 	 	 	 	
Net interest income - FTE	 	1,219,243	 	 	1,173,860	 	 	3,627,467	 	 	3,563,265	 	
Noninterest income	 	819,139	 	 	858,931	 	 	2,852,667	 	 	2,585,806	 	
	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenue - FTE	 	$2,038,382	 	 	$2,032,791	 	 	$6,480,134	 	 	$6,149,071	 	
	 	 	 	 	 	 	 	 	 	 	 	 	
Net securities (gains)/losses	 	(991	)	 	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	 	 	$2,011,848	 	 	$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 7

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

													
 	 	Three Months Ended	 	 	Nine Months Ended	 	
 	 	September 30
2007	 	 	September 30
2006	 	 	September 30
2007	 	 	September 30
2006	 	
 	 			 			 			 			
SELECTED NON-GAAP MEASURES PRESENTED IN THE FINANCIAL INFORMATION	 			 			 			 			
Diluted net income per average common share	 			 			 	$4.52	 	 	$4.42	 	
Impact of excluding gain on sale of shares of The Coca-Cola Company	 			 			 	(0.41	)	 	-	 	
	 			 			 	 	 	 	 	 	
Diluted net income per average common share excluding gain on sale of shares of The Coca-Cola Company 1	 			 			 	$4.11	 	 	$4.42	 	

Noninterest income	 	$819,139	 	 	$858,931	 	 	$2,852,667	 	 	$2,585,806	 	
Net securities (gains)/losses	 	(991	)	 	91,816	 	 	(237,423	)	 	85,854	 	
Net gain on sale of Bond Trustee business	 	-	 	 	(112,759	)	 	-	 	 	(112,759	)	
	 	 	 	 	 	 	 	 	 	 	 	 	
Noninterest income excluding net securities (gains)/losses and net gain on sale of Bond Trustee business 2	 	$818,148	 	 	$837,988	 	 	$2,615,244	 	 	$2,558,901	 	

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

Net income available to common shareholders	 	$412,638	 	 	$535,588	 	 			 			
Severance charge, net of tax	 	27,902	 	 	-	 	 			 			
	 	 	 	 	 	 	 			 			
Net income available to common shareholders excluding severance charge 4	 	$440,540	 	 	$535,588	 	 			 			

Diluted net income per average common share	 	$1.18	 	 	$1.47	 	 			 			
Severance charge, net of tax	 	0.08	 	 	-	 	 			 			
	 	 	 	 	 	 	 			 			
Diluted net income per average common share excluding severance charge 4	 	$1.26	 	 	$1.47	 	 			 			

Noninterest expense	 	$1,291,245	 	 	$1,205,499	 	 	$3,778,436	 	 	$3,646,083	 	
Severance charge	 	(45,004	)	 	-	 	 	(45,004	)	 	-	 	
	 	 	 	 	 	 	 	 	 	 	 	 	
Noninterest expense excluding severance charge 4	 	$1,246,241	 	 	$1,205,499	 	 	$3,733,432	 	 	$3,646,083	 	

Efficiency ratio	 	63.35	%	 	59.30	%	 			 			
Severance charge	 	(2.21	)	 	-	 	 			 			
	 	 	 	 	 	 	 			 			
Efficiency ratio excluding severance charge 4	 	61.14	%	 	59.30	%	 			 			

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.
 
Page 8

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

							
 	 	Three Months Ended	 	
 	 	September 30
2007	 	 	September 30
2006	 	

STATEMENTS OF INCOME	 			 			
NET INTEREST INCOME	 	$1,192,188	 	 	$1,151,392	 	
Provision for loan losses	 	147,020	 	 	61,568	 	
	 	 	 	 	 	 	
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	 	1,045,168	 	 	1,089,824	 	

NONINTEREST INCOME	 			 			
Service charges on deposit accounts	 	213,939	 	 	194,262	 	
Trust and investment management income	 	175,242	 	 	173,717	 	
Retail investment services	 	71,064	 	 	55,544	 	
Other charges and fees	 	120,730	 	 	113,347	 	
Investment banking income	 	47,688	 	 	47,046	 	
Trading account profits and commissions	 	(31,187	)	 	20,404	 	
Card fees	 	70,450	 	 	64,916	 	
Mortgage production related income	 	12,950	 	 	50,336	 	
Mortgage servicing related income	 	57,142	 	 	36,633	 	
Other noninterest income	 	80,130	 	 	81,783	 	
Net gain on sale of Bond Trustee business	 	-	 	 	112,759	 	
Net securities gains/(losses)	 	991	 	 	(91,816	)	
	 	 	 	 	 	 	
Total noninterest income	 	819,139	 	 	858,931	 	

NONINTEREST EXPENSE	 			 			
Employee compensation and benefits	 	677,765	 	 	674,322	 	
Net occupancy expense	 	87,626	 	 	85,613	 	
Outside processing and software	 	105,132	 	 	98,699	 	
Equipment expense	 	51,532	 	 	50,249	 	
Marketing and customer development	 	46,897	 	 	35,932	 	
Amortization of intangible assets	 	24,820	 	 	25,792	 	
Loss on extinguishment of debt	 	9,800	 	 	-	 	
Other noninterest expense	 	287,673	 	 	234,892	 	
	 	 	 	 	 	 	
Total noninterest expense	 	1,291,245	 	 	1,205,499	 	

INCOME BEFORE INCOME TAXES	 	573,062	 	 	743,256	 	
Provision for income taxes	 	152,898	 	 	207,668	 	
	 	 	 	 	 	 	
NET INCOME	 	420,164	 	 	535,588	 	
Preferred dividends	 	7,526	 	 	-	 	
	 	 	 	 	 	 	
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS	 	412,638	 	 	535,588	 	
Gain on sale of shares of The Coca-Cola Company, net of tax	 	-	 	 	-	 	
	 	 	 	 	 	 	
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS EXCLUDING THE GAIN ON SALE OF SHARES OF THE COCA-COLA COMPANY 1	 	$412,638	 	 	$535,588	 	
	 	 	 	 	 	 	
REVENUE	 			 			
Net interest income	 	$1,192,188	 	 	$1,151,392	 	
Taxable-equivalent adjustment	 	27,055	 	 	22,468	 	
	 	 	 	 	 	 	
Net interest income - FTE	 	1,219,243	 	 	1,173,860	 	
Noninterest income	 	819,139	 	 	858,931	 	
	 	 	 	 	 	 	
Total revenue - FTE	 	2,038,382	 	 	2,032,791	 	
Net securities (gains)/losses	 	(991	)	 	91,816	 	
Net gain on sale of Bond Trustee business	 	-	 	 	(112,759	)	
	 	 	 	 	 	 	
Total revenue - FTE excluding net securities (gains)/losses and net gain on sale of Bond Trustee business 1	 	$2,037,391	 	 	$2,011,848	 	

SELECTED AVERAGE BALANCES (Dollars in millions)	 			 			
Average loans	 			 			
Commercial	 	$34,248	 	 	$34,307	 	
Real estate home equity lines	 	14,133	 	 	13,626	 	
Real estate construction	 	13,687	 	 	12,806	 	
Real estate 1-4 family	 	31,004	 	 	33,876	 	
Real estate commercial	 	12,759	 	 	12,808	 	
Credit card	 	516	 	 	324	 	
Consumer - direct	 	4,368	 	 	4,207	 	
Consumer - indirect	 	7,966	 	 	8,339	 	
Nonaccrual and restructured	 	878	 	 	449	 	
	 	 	 	 	 	 	
Total loans	 	$119,559	 	 	$120,742	 	

Average deposits	 			 			
Noninterest bearing deposits	 	$21,445	 	 	$22,934	 	
NOW accounts	 	19,544	 	 	16,596	 	
Money market accounts	 	22,560	 	 	24,267	 	
Savings	 	4,457	 	 	5,591	 	
Consumer and other time	 	28,702	 	 	28,255	 	
	 	 	 	 	 	 	
Total consumer and commercial deposits	 	96,708	 	 	97,643	 	
Brokered and foreign deposits	 	21,140	 	 	27,958	 	
	 	 	 	 	 	 	
Total deposits	 	$117,848	 	 	$125,601	 	

SELECTED CREDIT DATA	 			 			
Nonaccrual loans	 	$974,791	 	 	$556,489	 	
Restructured loans	 	29,057	 	 	28,934	 	
	 	 	 	 	 	 	
Total nonperforming loans	 	1,003,848	 	 	585,423	 	
Other real estate owned (OREO)	 	156,106	 	 	41,690	 	
Other repossessed assets	 	9,974	 	 	6,670	 	
	 	 	 	 	 	 	
Total nonperforming assets	 	$1,169,928	 	 	633,783	 	

Allowance for loan and lease losses	 	$1,093,691	 	 	$1,087,316	 	

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.
 
Page 9

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

							
 	 	Nine Months Ended	 	
 	 	September 30
2007	 	 	September 30
2006	 	
 	 			 			
STATEMENTS OF INCOME	 			 			
NET INTEREST INCOME	 	$3,552,031	 	 	$3,499,176	 	
Provision for loan losses	 	308,141	 	 	146,730	 	
	 	 	 	 	 	 	
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	 	3,243,890	 	 	3,352,446	 	

NONINTEREST INCOME	 			 			
Service charges on deposit accounts	 	599,818	 	 	572,092	 	
Trust and investment management income	 	514,180	 	 	517,617	 	
Retail investment services	 	206,392	 	 	168,974	 	
Other charges and fees	 	357,225	 	 	339,677	 	
Investment banking income	 	159,844	 	 	159,342	 	
Trading account profits and commissions	 	75,451	 	 	103,461	 	
Card fees	 	203,225	 	 	183,460	 	
Mortgage production related income	 	68,617	 	 	169,952	 	
Mortgage servicing related income	 	138,072	 	 	112,744	 	
Net gain on sale upon merger of Lighthouse Partners	 	32,340	 	 	-	 	
Net gain on sale of Bond Trustee business	 	-	 	 	112,759	 	
Other noninterest income	 	260,080	 	 	231,582	 	
Net securities gains/(losses)	 	237,423	 	 	(85,854	)	
	 	 	 	 	 	 	
Total noninterest income	 	2,852,667	 	 	2,585,806	 	

NONINTEREST EXPENSE	 			 			
Employee compensation and benefits	 	2,087,378	 	 	2,068,360	 	
Net occupancy expense	 	258,533	 	 	248,367	 	
Outside processing and software	 	305,538	 	 	292,038	 	
Equipment expense	 	154,764	 	 	147,804	 	
Marketing and customer development	 	135,928	 	 	127,956	 	
Amortization of intangible assets	 	73,266	 	 	78,922	 	
Loss on extinguishment of debt	 	9,800	 	 	-	 	
Other noninterest expense	 	753,229	 	 	682,636	 	
	 	 	 	 	 	 	
Total noninterest expense	 	3,778,436	 	 	3,646,083	 	

INCOME BEFORE INCOME TAXES	 	2,318,121	 	 	2,292,169	 	
Provision for income taxes	 	695,230	 	 	681,052	 	
	 	 	 	 	 	 	
NET INCOME	 	1,622,891	 	 	1,611,117	 	
Preferred dividends	 	22,408	 	 	-	 	
	 	 	 	 	 	 	
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS	 	1,600,483	 	 	1,611,117	 	
Gain on sale of shares of The Coca-Cola Company, net of tax	 	(145,580	)	 	-	 	
	 	 	 	 	 	 	
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS EXCLUDING THE GAIN ON SALE OF SHARES OF THE COCA-COLA COMPANY 1	 	$1,454,903	 	 	$1,611,117	 	

REVENUE AND NONINTEREST EXPENSE	 			 			
Net interest income	 	$3,552,031	 	 	$3,499,176	 	
Taxable-equivalent adjustment	 	75,436	 	 	64,089	 	
	 	 	 	 	 	 	
Net interest income - FTE	 	3,627,467	 	 	3,563,265	 	
Noninterest income	 	2,852,667	 	 	2,585,806	 	
	 	 	 	 	 	 	
Total revenue - FTE	 	6,480,134	 	 	6,149,071	 	
Net securities (gains)/losses	 	(237,423	)	 	85,854	 	
Net gain on sale of Bond Trustee business	 	-	 	 	(112,759	)	
	 	 	 	 	 	 	
Total revenue - FTE excluding net securities (gains)/losses and net gain on sale of Bond Trustee business 1	 	$6,242,711	 	 	$6,122,166	 	

SELECTED AVERAGE BALANCES (Dollars in millions)	 			 			
Average loans	 			 			
Commercial	 	$33,964	 	 	$33,793	 	
Real estate home equity lines	 	13,908	 	 	13,512	 	
Real estate construction	 	13,610	 	 	12,041	 	
Real estate 1-4 family	 	31,938	 	 	33,246	 	
Real estate commercial	 	12,774	 	 	12,810	 	
Credit card	 	430	 	 	303	 	
Consumer - direct	 	4,313	 	 	4,577	 	
Consumer - indirect	 	8,064	 	 	8,425	 	
Nonaccrual and restructured	 	738	 	 	359	 	
	 	 	 	 	 	 	
Total loans	 	$119,739	 	 	$119,066	 	

Average deposits	 			 			
Noninterest bearing deposits	 	$21,923	 	 	$23,560	 	
NOW accounts	 	19,809	 	 	16,801	 	
Money market accounts	 	22,142	 	 	24,990	 	
Savings	 	4,754	 	 	5,349	 	
Consumer and other time	 	28,843	 	 	26,011	 	
	 	 	 	 	 	 	
Total consumer and commercial deposits	 	97,471	 	 	96,711	 	
Brokered and foreign deposits	 	23,925	 	 	26,614	 	
	 	 	 	 	 	 	
Total deposits	 	$121,396	 	 	$123,325	 	

1SunTrust 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 10

PRELIMINARY DATA
Retail Line of Business
(Dollars in thousands)     (Unaudited)
									
 	  	Three Months Ended	  	Nine Months Ended	
 	  	September 30
2007	  	September 30
2006	  	September 30
2007	  	September 30
2006	
Statement of Income	  		  		  		  		
Net interest income	  	$571,995	  	$582,523	  	$1,732,626	  	$1,753,762	
FTE adjustment	  	33	  	33	  	104	  	75	
	  	 	  	 	  	 	  	 	
Net interest income - FTE	  	572,028	  	582,556	  	1,732,730	  	1,753,837	
Provision for loan losses 1	  	71,777	  	26,452	  	165,383	  	65,041	
	  	 	  	 	  	 	  	 	
Net interest income after provision for loan losses - FTE	  	500,251	  	556,104	  	1,567,347	  	1,688,796	
	  	 	  	 	  	 	  	 	
Noninterest income before securities gains/(losses)	  	284,821	  	269,632	  	811,452	  	792,896	
Securities gains/(losses), net	  	-	  	-	  	3	  	-	
	  	 	  	 	  	 	  	 	
Total noninterest income	  	284,821	  	269,632	  	811,455	  	792,896	
	  	 	  	 	  	 	  	 	
Noninterest expense before amortization of intangible assets	  	528,274	  	520,453	  	1,579,210	  	1,568,572	
Amortization of intangible assets	  	17,192	  	21,023	  	53,209	  	64,631	
	  	 	  	 	  	 	  	 	
Total noninterest expense	  	545,466	  	541,476	  	1,632,419	  	1,633,203	
	  	 	  	 	  	 	  	 	
Income before provision for income taxes	  	239,606	  	284,260	  	746,383	  	848,489	
Provision for income taxes	  	86,572	  	103,345	  	270,720	  	309,361	
FTE adjustment	  	33	  	33	  	104	  	75	
	  	 	  	 	  	 	  	 	
Net income	  	$153,001	  	$180,882	  	$475,559	  	$539,053	
	  	 	  	 	  	 	  	 	
Total revenue - FTE	  	$856,849	  	$852,188	  	$2,544,185	  	$2,546,733	
Average Balance Sheet	  		  		  		  		
Total loans	  	$32,065,833	  	$30,834,646	  	$31,631,670	  	$30,840,312	
Goodwill	  	4,897,026	  	4,900,363	  	4,895,711	  	4,890,150	
Other intangible assets excluding MSRs	  	194,011	  	269,763	  	212,006	  	291,282	
Total assets	  	38,069,298	  	37,218,400	  	37,831,104	  	37,870,529	
Total deposits	  	67,401,579	  	69,659,995	  	68,471,359	  	68,814,272	
Shareholders’ equity is not allocated at this time 2	  		  		  		  		
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 11

PRELIMINARY DATA
Commercial Line of Business
(Dollars in thousands)     (Unaudited)
									
 	  	Three Months Ended	  	Nine Months Ended	
 	  	September 30
2007	  	September 30
2006	  	September 30
2007	  	September 30
2006	
Statement of Income	  		  		  		  		
Net interest income	  	$218,273	  	$231,287	  	$657,704	  	$688,062	
FTE adjustment	  	9,319	  	10,437	  	28,205	  	30,372	
	  	 	  	 	  	 	  	 	
Net interest income - FTE	  	227,592	  	241,724	  	685,909	  	718,434	
Provision for loan losses 1	  	2,959	  	1,649	  	13,681	  	7,208	
	  	 	  	 	  	 	  	 	
Net interest income after provision for loan losses - FTE	  	224,633	  	240,075	  	672,228	  	711,226	
	  	 	  	 	  	 	  	 	
Noninterest income before securities gains/(losses)	  	74,819	  	70,331	  	219,634	  	211,803	
Securities gains/(losses), net	  	-	  	-	  	-	  	-	
	  	 	  	 	  	 	  	 	
Total noninterest income	  	74,819	  	70,331	  	219,634	  	211,803	
	  	 	  	 	  	 	  	 	
Noninterest expense before amortization of intangible assets	  	165,542	  	164,761	  	500,424	  	503,799	
Amortization of intangible assets	  	-	  	-	  	-	  	-	
	  	 	  	 	  	 	  	 	
Total noninterest expense	  	165,542	  	164,761	  	500,424	  	503,799	
	  	 	  	 	  	 	  	 	
Income before provision for income taxes	  	133,910	  	145,645	  	391,438	  	419,230	
Provision for income taxes	  	19,558	  	26,098	  	59,377	  	70,179	
FTE adjustment	  	9,319	  	10,437	  	28,205	  	30,372	
	  	 	  	 	  	 	  	 	
Net income	  	$105,033	  	$109,110	  	$303,856	  	$318,679	
	  	 	  	 	  	 	  	 	
Total revenue - FTE	  	$302,411	  	$312,055	  	$905,543	  	$930,237	
Average Balance Sheet	  		  		  		  		
Total loans	  	$33,016,609	  	$32,985,857	  	$33,042,986	  	$32,477,973	
Goodwill	  	1,262,724	  	1,264,845	  	1,262,361	  	1,263,698	
Other intangible assets excluding MSRs	  	-	  	-	  	-	  	-	
Total assets	  	35,462,037	  	35,485,345	  	35,471,695	  	34,939,517	
Total deposits	  	14,031,723	  	13,601,082	  	14,181,207	  	13,653,491	
Shareholders’ equity is not allocated at this time 2	  		  		  		  		
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 12

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	 	 	September 30
2007	  	September 30
2006	 	
Statement of Income	  			 			 		  			
Net interest income	  	$40,509	 	 	$45,630	 	 	$131,165	  	$158,100	 	
FTE adjustment	  	13,000	 	 	8,071	 	 	33,946	  	22,178	 	
	  	 	 	 	 	 	 	 	  	 	 	
Net interest income - FTE	  	53,509	 	 	53,701	 	 	165,111	  	180,278	 	
Provision for loan losses 1	  	13,582	 	 	5,784	 	 	30,445	  	4,954	 	
	  	 	 	 	 	 	 	 	  	 	 	
Net interest income after provision for loan losses - FTE	  	39,927	 	 	47,917	 	 	134,666	  	175,324	 	
	  	 	 	 	 	 	 	 	  	 	 	
Noninterest income before securities gains/(losses)	  	47,305	 	 	142,249	 	 	391,780	  	457,631	 	
Securities gains/(losses), net	  	-	 	 	(360	)	 	-	  	(360	)	
	  	 	 	 	 	 	 	 	  	 	 	
Total noninterest income	  	47,305	 	 	141,889	 	 	391,780	  	457,271	 	
	  	 	 	 	 	 	 	 	  	 	 	
Noninterest expense before amortization of intangible assets	  	109,373	 	 	117,639	 	 	367,533	  	367,656	 	
Amortization of intangible assets	  	122	 	 	122	 	 	366	  	366	 	
	  	 	 	 	 	 	 	 	  	 	 	
Total noninterest expense	  	109,495	 	 	117,761	 	 	367,899	  	368,022	 	
	  	 	 	 	 	 	 	 	  	 	 	
Income before provision for income taxes	  	(22,263	)	 	72,045	 	 	158,547	  	264,573	 	
Provision for income taxes	  	(21,079	)	 	18,921	 	 	25,613	  	76,789	 	
FTE adjustment	  	13,000	 	 	8,071	 	 	33,946	  	22,178	 	
	  	 	 	 	 	 	 	 	  	 	 	
Net income	  	($14,184	)	 	$45,053	 	 	$98,988	  	$165,606	 	
	  	 	 	 	 	 	 	 	  	 	 	
Total revenue - FTE	  	$100,814	 	 	$195,590	 	 	$556,891	  	$637,549	 	
Average Balance Sheet	  			 			 		  			
Total loans	  	$15,959,121	 	 	$16,693,443	 	 	$15,821,063	  	$16,362,105	 	
Goodwill	  	147,463	 	 	147,595	 	 	147,467	  	147,578	 	
Other intangible assets excluding MSRs	  	1,047	 	 	1,525	 	 	1,162	  	1,988	 	
Total assets	  	24,089,010	 	 	24,066,808	 	 	23,926,305	  	23,701,276	 	
Total deposits	  	3,462,242	 	 	2,885,323	 	 	3,016,481	  	3,185,002	 	
Shareholders’ equity is not allocated at this time 2	  			 			 		  			
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 13

PRELIMINARY DATA
Mortgage Line of Business
(Dollars in thousands)     (Unaudited)
										
   	  	Three Months Ended	  	Nine Months Ended	
 	  	September 30
2007	 	 	September 30
2006	  	September 30
2007	  	September 30
2006	
Statement of Income	  			 		  		  		
Net interest income	  	$131,593	 	 	$155,467	  	$397,757	  	$453,665	
FTE adjustment	  	-	 	 	-	  	-	  	-	
	  	 	 	 	 	  	 	  	 	
Net interest income - FTE	  	131,593	 	 	155,467	  	397,757	  	453,665	
Provision for loan losses 1	  	11,733	 	 	735	  	34,993	  	5,735	
	  	 	 	 	 	  	 	  	 	
Net interest income after provision for loan losses - FTE	  	119,860	 	 	154,732	  	362,764	  	447,930	
	  	 	 	 	 	  	 	  	 	
Noninterest income before securities gains/(losses)	  	89,946	 	 	98,169	  	265,358	  	318,837	
Securities gains/(losses), net	  	-	 	 	-	  	-	  	-	
	  	 	 	 	 	  	 	  	 	
Total noninterest income	  	89,946	 	 	98,169	  	265,358	  	318,837	
	  	 	 	 	 	  	 	  	 	
Noninterest expense before amortization of intangible assets	  	235,137	 	 	153,869	  	583,113	  	451,146	
Amortization of intangible assets	  	763	 	 	763	  	2,290	  	2,290	
	  	 	 	 	 	  	 	  	 	
Total noninterest expense	  	235,900	 	 	154,632	  	585,403	  	453,436	
	  	 	 	 	 	  	 	  	 	
Income before provision for income taxes	  	(26,094	)	 	98,269	  	42,719	  	313,331	
Provision for income taxes	  	(14,105	)	 	34,064	  	5,079	  	109,513	
FTE adjustment	  	-	 	 	-	  	-	  	-	
	  	 	 	 	 	  	 	  	 	
Net income	  	($11,989	)	 	$64,205	  	$37,640	  	$203,818	
	  	 	 	 	 	  	 	  	 	
Total revenue - FTE	  	$221,539	 	 	$253,636	  	$663,115	  	$772,502	
Average Balance Sheet	  			 		  		  		
Total loans	  	$30,084,217	 	 	$31,619,820	  	$30,629,171	  	$30,863,051	
Goodwill	  	276,611	 	 	275,705	  	276,412	  	267,291	
Other intangible assets excluding MSRs	  	2,810	 	 	5,800	  	3,534	  	6,557	
Total assets	  	45,260,858	 	 	42,798,017	  	45,801,796	  	41,165,135	
Total deposits	  	2,322,876	 	 	1,998,843	  	2,166,451	  	1,764,025	
Shareholders’ equity is not allocated at this time 2	  			 		  		  		
Mortgage Servicing Data (End of Period)	  			 		  		  		
Total loans serviced	  	$149,862,311	 	 	$124,795,178	  		  		
Total loans serviced for others	  	110,457,690	 	 	83,079,809	  		  		
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 14

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	 	 	September 30
2007	 	September 30
2006	 	
Statement of Income	 			 			 		 			
Net interest income	 	$86,021	 	 	$93,211	 	 	$262,690	 	$275,145	 	
FTE adjustment	 	13	 	 	19	 	 	41	 	53	 	
	 	 	 	 	 	 	 	 	 	 	 	
Net interest income - FTE	 	86,034	 	 	93,230	 	 	262,731	 	275,198	 	
Provision for loan losses 1	 	1,914	 	 	736	 	 	5,925	 	1,679	 	
	 	 	 	 	 	 	 	 	 	 	 	
Net interest income after provision for loan losses - FTE	 	84,120	 	 	92,494	 	 	256,806	 	273,519	 	

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

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

Income before provision for income taxes	 	96,015	 	 	196,308	 	 	287,636	 	363,506	 	
Provision for income taxes	 	35,611	 	 	73,138	 	 	106,105	 	135,425	 	
FTE adjustment	 	13	 	 	19	 	 	41	 	53	 	
	 	 	 	 	 	 	 	 	 	 	 	
Net income	 	$60,391	 	 	$123,151	 	 	$181,490	 	$228,028	 	
	 	 	 	 	 	 	 	 	 	 	 	
Total revenue - FTE	 	$343,147	 	 	$447,762	 	 	$1,053,372	 	$1,119,131	 	
Measures excluding net gain on sale of Bond Trustee business 3	 			 			 		 			
Total noninterest income	 	$257,113	 	 	$354,532	 	 	$790,641	 	$843,933	 	
Net gain on sale of Bond Trustee business	 	-	 	 	(112,759	)	 	-	 	(112,759	)	
Total noninterest income excluding gain on sale of Bond	 			 			 		 			
	 	 	 	 	 	 	 	 	 	 	 	
Trustee business	 	$257,113	 	 	$241,773	 	 	$790,641	 	$731,174	 	
	 	 	 	 	 	 	 	 	 	 	 	
Total revenue - FTE	 	$343,147	 	 	$447,762	 	 	$1,053,372	 	$1,119,131	 	
Net gain on sale of Bond Trustee business	 	-	 	 	(112,759	)	 	-	 	(112,759	)	
Total revenue - FTE excluding net gain on sale of Bond	 			 			 		 			
	 	 	 	 	 	 	 	 	 	 	 	
Trustee business	 	$343,147	 	 	$335,003	 	 	$1,053,372	 	$1,006,372	 	

Net income	 	$60,391	 	 	$123,151	 	 	$181,490	 	$228,028	 	
Net gain on sale of Bond Trustee business, net of tax	 	-	 	 	(69,911	)	 	-	 	(69,911	)	
Net income excluding net gain on sale of Bond	 			 			 		 			
	 	 	 	 	 	 	 	 	 	 	 	
Trustee business	 	$60,391	 	 	$53,240	 	 	$181,490	 	$158,117	 	
	 	 	 	 	 	 	 	 	 	 	 	
Average Balance Sheet	 			 			 		 			
Total loans	 	$7,848,930	 	 	$8,128,016	 	 	$8,022,472	 	$8,113,524	 	
Goodwill	 	314,166	 	 	306,873	 	 	314,297	 	303,473	 	
Other intangible assets excluding MSRs	 	134,068	 	 	124,030	 	 	129,395	 	123,429	 	
Total assets	 	8,768,176	 	 	8,945,958	 	 	8,923,698	 	8,898,351	 	
Total deposits	 	9,608,257	 	 	9,534,090	 	 	9,753,449	 	9,285,272	 	
Shareholders’ equity is not allocated at this time 2	 			 			 		 			
Other Information (End of Period)	 			 			 		 			
Assets under administration	 			 			 		 			
Managed (discretionary) assets	 	$142,863,031	 	 	$138,572,125	 	 		 			
Non-managed assets	 	59,283,257	 	 	53,231,004	 	 		 			
	 	 	 	 	 	 	 		 			
Total assets under administration	 	202,146,288	 	 	191,803,129	 	 		 			

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

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	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 15

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

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

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

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

Total revenue - FTE	 	$213,622	 	 	($28,440	)	 	$757,028	 	 	$142,919	 	
Measures excluding securities gains/(losses), net 2	 			 			 			 			
					
Total revenue - FTE	 	$213,622	 	 	($28,440	)	 	$757,028	 	 	$142,919	 	
Securities (gains)/losses, net	 	(993	)	 	91,455	 	 	(237,412	)	 	85,441	 	
	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenue - FTE excluding net securities (gains)/losses	 	$212,629	 	 	$63,015	 	 	$519,616	 	 	$228,360	 	

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

 
1	Provision for loan losses represents difference between net charge-offs for the lines of business and consolidated provision for loan losses.	

2	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.	
 
Page 16

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

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

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

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

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

Total revenue - FTE	  	$2,038,382	  	$2,032,791	 	 	$6,480,134	  	$6,149,071	 	
					
Average Balance Sheet	  		  			 		  			
Total loans	  	$119,558,699	  	$120,741,979	 	 	$119,738,907	  	$119,065,976	 	
Goodwill	  	6,904,362	  	6,902,234	 	 	6,903,481	  	6,879,801	 	
Other intangible assets excluding MSRs	  	336,692	  	406,741	 	 	351,063	  	429,101	 	
Total assets	  	174,653,377	  	180,500,921	 	 	178,693,630	  	179,631,675	 	
Total deposits	  	117,847,423	  	125,600,815	 	 	121,396,777	  	123,324,585	 	
 
Page 17