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)    January 21, 2011

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

Georgia	 	001-08918	 	58-1575035	
(State or other jurisdiction
of incorporation)	 	(Commission
File Number)	 	(IRS Employer
Identification No.)	

303 Peachtree St., N.E., Atlanta, Georgia	 	30308	
(Address of principal executive offices)	 	(Zip Code)	
Registrant’s telephone number, including area code    (404) 588-7711
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)	
 
¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)	
 
¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))	
 
¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))	

 

Item 2.02 Results of Operations and Financial Condition.
Item 7.01 Regulation FD Disclosure.
On January 21, 2011, SunTrust Banks, Inc. (the “Registrant”) announced financial results for the period ended December 31, 2010. A copy of the news release announcing such results is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
The Registrant intends to hold an investor call and webcast to discuss financial results for the period ended December 31, 2010 on January 21, 2010, at 8:00 a.m. Eastern time. Additional presentation materials relating to such call are furnished hereto as Exhibit 99.2 and are incorporated herein by reference.
The foregoing information is furnished pursuant to Item 2.02, “Results of Operations and Financial Condition” and Item 7.01, “Regulation FD Disclosure.” Consequently, it is not deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section. It may only be incorporated by reference into another filing under the Exchange Act or Securities Act of 1933 if such subsequent filing specifically references this Form 8-K. All information in the news release and the presentation materials speak as of the date thereof and the Registrant does not assume any obligation to update said information in the future. In addition, the Registrant disclaims any inference regarding the materiality of such information which otherwise may   arise as a result of its furnishing such information under Item 2.02 and/or Item 7.01 of this report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
 
(d)	Exhibits	
 
99.1	News release dated January 21, 2011 (furnished with the Commission as a part of this Form 8-K).	
 
99.2	Presentation materials dated January 21, 2011 (furnished with the Commission as a part of this Form 8-K).	

SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	 		 	SUNTRUST BANKS, INC.	
	 		 	        (Registrant)	
				
Date: January 21, 2011.	 		 	By:	 	/s/ Thomas E. Panther	
	 		 		 		 	Thomas E. Panther,	
	 		 		 		 	Senior Vice President and Controller	

Exhibit 99.1

	  	News Release                    	

Contact:	    		
		
Investors	    	Media	
Kris Dickson	    	Mike McCoy	
(404) 827-6714	    	(404) 588-7230	
For Immediate Release
January 21, 2011
SunTrust Reports Fourth Quarter 2010 Results
Earnings of $0.23 per Share Driven by Solid Revenues and
Continued Improvement in Credit Quality

ATLANTA — SunTrust Banks, Inc. (NYSE: STI) announced today that solid revenues and further improvement in credit quality resulted in net income available to common shareholders of $114 million, or $0.23 per average common share, for the fourth quarter of 2010. This result compares favorably to a net loss of $248 million, or $0.64 per average common share, for the fourth quarter of 2009 and to earnings of $84 million, or $0.17 per common share, for the third quarter of 2010. For the year, SunTrust earned $189 million in net income before preferred dividends and reported a net loss to common shareholders of $0.18 per share, a significant improvement from the net loss per share of $3.98 reported for 2009.
“Our focus on serving our clients and managing our core businesses continues to drive better bottom line results at SunTrust,” said James M. Wells III, chairman and chief executive officer of SunTrust Banks, Inc. “We are pleased with the diversity of our revenue sources and the continued improvement in our credit quality. The Company continues to take advantage of opportunities in our markets and is well-positioned to benefit from a recovering economy.”
Fourth Quarter 2010 Financial Highlights
 
 	•	 	Net income available to common shareholders was $0.23 per share, compared to earnings per share of $0.17 in the prior quarter and a loss of $0.64 per share in the fourth quarter of 2009.	
 
 	•	 	Net income before preferred dividends increased to $185 million, up $32 million from the third quarter.	
 
 	•	 	Total revenue was stable relative to the solid results reported in the third quarter. Net interest income increased primarily due to lower funding costs. Noninterest income declined modestly as higher market-sensitive revenue was offset by lower mortgage-related revenue.	
 
 	•	 	The net interest margin expanded to 3.44%, the seventh consecutive quarterly increase, and net interest income increased 7% from the fourth quarter of 2009.	
 
 	•	 	Noninterest expense increased compared to the prior quarter due largely to continued investments in people, technology, and marketing, as well as higher earnings-related compensation.	
 
 	•	 	Credit quality continued to improve with net charge-offs, nonperforming assets, and early stage delinquencies all declining.	
 
 	•	 	Provision for credit losses declined due to lower net charge-offs and the impacts that improved credit quality had on the allowance for loan losses. The allowance for loan losses was $3.0 billion, or 2.58% of total loans, down 11 basis points from the prior quarter.	

 
 	•	 	Average loans increased modestly over the prior quarter, as commercial and consumer loan growth more than offset the continued reduction in the higher-risk construction portfolio.	
 
 	•	 	Average customer deposits grew, and the favorable deposit mix trends continued; lower-cost deposits increased, while higher-cost time deposits declined.	
 
 	•	 	Capital ratios remained healthy and well above the recent Basel III guidance, with the estimated Tier 1 common equity ratio at 8.1%, the Tier 1 capital ratio at 13.7%, and the Tier 1 capital ratio excluding the TARP preferred stock at 10.0%.	

 	  	4 th   Quarter
2010	 	 	3 rd   Quarter
2010	 	 	4 th   Quarter
2009	 	 	Full
Year
2010	 	 	Full
Year
2009	 	
Income Statement	  				 				 				 				 				
(Presented on a fully taxable equivalent basis)
(Dollars in millions, except per share data)	  				 				 				 				 				
						
Net income/(loss)	  	$	185	  	 	$	153	  	 	$	(248	) 	 	$	189	  	 	$	(1,564	) 	
Net income/(loss) available to common shareholders	  	 	114	  	 	 	84	  	 	 	(316	) 	 	 	(87	) 	 	 	(1,733	) 	
Net income/(loss) per average common diluted share	  	 	0.23	  	 	 	0.17	  	 	 	(0.64	) 	 	 	(0.18	) 	 	 	(3.98	) 	
Total revenue – FTE	  	 	2,326	  	 	 	2,313	  	 	 	1,949	  	 	 	8,699	  	 	 	8,299	  	
Total revenue – FTE, excluding net securities gains/losses	  	 	2,262	  	 	 	2,244	  	 	 	1,876	  	 	 	8,508	  	 	 	8,201	  	
Net interest income – FTE	  	 	1,294	  	 	 	1,266	  	 	 	1,207	  	 	 	4,970	  	 	 	4,589	  	
Provision for credit losses	  	 	512	  	 	 	615	  	 	 	974	  	 	 	2,651	  	 	 	4,064	  	
Noninterest income	  	 	1,032	  	 	 	1,047	  	 	 	742	  	 	 	3,729	  	 	 	3,710	  	
Noninterest expense	  	 	1,548	  	 	 	1,499	  	 	 	1,453	  	 	 	5,911	  	 	 	6,562	  	
Net interest margin – FTE	  	 	3.44	% 	 	 	3.41	% 	 	 	3.27	% 	 	 	3.38	% 	 	 	3.04	% 	
						
Balance Sheet	  				 				 				 				 				
(Dollars in billions)	  				 				 				 				 				
Average loans	  	$	114.9	  	 	$	113.3	  	 	$	115.0	  	 	$	113.9	  	 	$	121.0	  	
Average consumer and commercial deposits	  	 	119.7	  	 	 	117.2	  	 	 	117.0	  	 	 	117.1	  	 	 	113.2	  	
						
Capital	  				 				 				 				 				
Tier 1 capital ratio (1)	  	 	13.65	% 	 	 	13.58	% 	 	 	12.96	% 	 				 				
Tier 1 common equity ratio (1)	  	 	8.08	% 	 	 	8.02	% 	 	 	7.67	% 	 				 				
Total average shareholders’ equity to total average assets	  	 	13.49	% 	 	 	13.42	% 	 	 	12.86	% 	 	 	13.25	% 	 	 	12.70	% 	
						
Asset Quality	  				 				 				 				 				
Net charge-offs to average loans (annualized)	  	 	2.14	% 	 	 	2.42	% 	 	 	2.83	% 	 	 	2.51	% 	 	 	2.67	% 	
Allowance for loan losses to period end loans	  	 	2.58	% 	 	 	2.69	% 	 	 	2.76	% 	 				 				
Nonperforming loans to total loans	  	 	3.54	% 	 	 	3.80	% 	 	 	4.75	% 	 				 				

(1)	Current period Tier 1 capital and Tier 1 common equity ratios are estimated as of the earnings release date.	
 
2

Consolidated Financial Performance
(Presented on a fully taxable-equivalent basis unless otherwise noted)
Revenue
Total revenue of $2.3 billion for the fourth quarter of 2010 was essentially flat on a sequential quarter basis as higher net interest income was partially offset by a slight decline in noninterest income. Declines in mortgage-related income were largely offset by higher trading income, primarily due to more favorable mark-to-market impacts. Compared to the fourth quarter of 2009, total revenue increased 19% on higher net interest income and noninterest income, particularly mortgage and capital markets-related income. The current quarter included net gains of $64 million from the sale of securities, compared to net gains of $69 million and $73 million in the prior quarter and the fourth quarter of 2009, respectively.
For the year ended December 31, 2010, total revenue was $8.7 billion, an increase of $400 million, or 5%, from 2009, which was substantially attributable to higher net interest income. Noninterest income was essentially flat, as declines in mortgage production income and service charges on deposits were offset by an increase in trading income due to lower mark-to-market losses, net of hedges, on the Company’s debt carried at fair value. The current year included net gains of $191 million from the sale of securities, compared to net gains of $210 million in 2009 related to the sale of securities and Visa shares.
Net Interest Income
For the fourth quarter of 2010, net interest income was $1.3 billion, an increase of 2% on a sequential quarter basis and up 7% compared to the fourth quarter of 2009. Net interest income growth over the third quarter was attributable to lower rates paid on deposits and borrowed funds, as well as the continued shift in the deposit mix toward lower-cost accounts. Relative to the fourth quarter of 2009, these same factors drove the growth, together with a significant reduction in higher-cost time deposits and longer-term debt balances.
Net interest margin for the fourth quarter of 2010 was 3.44%, an increase of 3 basis points on a sequential quarter basis. Compared to the fourth quarter of 2009, net interest margin increased 17 basis points, primarily driven by a 38 basis point decline in rates paid on interest-bearing liabilities, which more than offset a 17 basis point decline in earning asset yields.
For the year ended December 31, 2010, net interest income was $5.0 billion, an increase of 8% compared to 2009. Net interest margin was 3.38%, up 34 basis points over 2009. The same factors that drove the quarterly year-over-year increases contributed to the full-year net interest income and margin growth.
Noninterest Income
Total noninterest income was $1.0 billion in the fourth quarter of 2010, down $15 million, or 1%, on a sequential quarter basis. The decline in mortgage-related income and service charges on deposit accounts was partially offset by more favorable mark-to-market valuation impacts included in trading account profits and commissions. Compared to the fourth quarter of 2009, noninterest income increased $290 million, or 39%, primarily due to higher capital markets and mortgage-related income, as well as higher mark-to-market valuation impacts, partially offset by lower service charges. Gains on the sale of securities associated with the repositioning of the investment portfolio were $64 million, $69 million, and $73 million in the fourth and third quarters of 2010 and the fourth quarter of 2009, respectively.
Mortgage servicing income declined $64 million compared to the third quarter, due to a reduction in net hedge performance and the negative impact that higher prepayments had on the fair value of the mortgage servicing rights. Compared to the fourth quarter of 2009, mortgage servicing income increased
 
3

$21 million due to higher net hedge performance. The mortgage servicing portfolio was $167.2 billion as of December 31, 2010, down from $178.9 billion at December 31, 2009.
Mortgage production income declined $92 million from the third quarter, due to lower mortgage production volume and reduced margins. The provision for mortgage repurchase losses was $85 million in the current quarter, down $10 million from the third quarter. Compared to the fourth quarter of 2009, mortgage production related income increased $109 million primarily due to a $136 million decline in the provision for mortgage repurchase losses. As of December 31, 2010, mortgage repurchase reserves totaled $265 million.
Trading account profits and commissions increased $115 million on a sequential quarter basis. The largest driver was a $64 million mark-to-market differential, net of hedges, on the Company’s index-linked certificates of deposit carried at fair value; a $5 million gain was recognized on this item in the fourth quarter compared to a $59 million loss in the third quarter. Additionally, a $16 million mark-to-market valuation gain, net of hedges, was recognized in the current quarter on the Company’s public debt carried at fair value, compared to a valuation loss of $22 million in the prior quarter. Compared to the fourth quarter of 2009, trading account profits and commissions increased $124 million. This was largely driven by a $54 million increase, net of hedges, from the prior year in mark-to-market valuation gains on the Company’s public debt carried at fair value. An approximate $30 million of the increase was due to lower valuation losses on previously securitized and sold loans, and the net impact of gains on the sale of, and improved market valuations on, assets carried at fair value.
Consumer and commercial fee-based income in the fourth quarter of 2010 were essentially flat compared to the prior quarter and fourth quarter of 2009, as strong investment banking income and card fees were offset by lower service charges on deposits as a result of recently enacted regulations. Other income in the fourth quarter of 2010 included a $13 million gain recognized upon the previously-announced sale of the Company’s money market mutual fund business.
For the year ended December 31, 2010, noninterest income was essentially flat compared to 2009. Trading account profits and commissions increased as a result of reduced valuation losses, net of hedges, on the Company’s public debt carried at fair value. This was offset by lower mortgage-related income and service charges on deposit accounts.
Noninterest Expense
For the fourth quarter of 2010, noninterest expense was $1.5 billion, an increase of $49 million, or 3%, on a sequential quarter basis, and an increase of $95 million, or 7%, over the fourth quarter of 2009. The expense increase relative to both periods was primarily due to investments that are expected to enhance future revenue generation capabilities. Employee compensation and benefits increased $29 million from the sequential quarter and $44 million from the fourth quarter of 2009. This increase was driven by higher salaries, mostly due to additional full-time equivalent employees – which increased by 458 and 1,055 over the sequential quarter and the fourth quarter of 2009, respectively – primarily in the mortgage, technology, and client support areas. Additionally, higher incentive compensation related to improved financial performance in certain business lines contributed to the increase. Outside processing and software expense increased $17 million compared to the third quarter and $25 million over the prior year quarter due to increased expenses associated with client acquisition and risk management technology projects and higher transaction volumes. Marketing and customer development expenses increased $13 million, or 30%, on a sequential quarter basis, and $8 million, or 17%, compared to the fourth quarter of 2009. Credit-related costs were $189 million in the fourth quarter of 2010, up $8 million compared to the third quarter and $15 million higher than the fourth quarter of 2009, driven by higher other real estate losses. The current quarter included $4 million in net losses on the extinguishment of debt compared to $12 million in the third quarter and $23 million in the fourth quarter of 2009.
 
4

Total noninterest expense was $5.9 billion in 2010, a decrease of $651 million, or 10%, compared to 2009, which included a $751 million non-cash goodwill impairment charge recognized in the first quarter of 2009. Personnel-related expenses increased $21 million, or 1%, due to increased full time-equivalent employees partially offset by lower pension cost. Outside processing and software expenses increased $59 million, or 10%, related to technology investments made to enhance the client experience, as well as increased transaction volumes. Marketing and customer development expenses increased $25 million, or 16%, due to increased advertising and other expenses aimed at driving deposit growth. FDIC insurance premiums declined $37 million, primarily due to the special assessment paid in 2009. Credit-related costs were down $28 million as higher other real estate losses were offset by lower mortgage reinsurance losses. Debt extinguishment costs increased $31 million over 2009.
Income Taxes
For the fourth quarter of 2010, the Company recorded a provision for income taxes of $45 million compared to a benefit of $263 million in the fourth quarter of 2009. The effective tax rate for the fourth quarter of 2010 was 19.7%. For the year, the Company recognized a benefit for income taxes of $185 million compared to a benefit of $898 million in 2009.
U.S. Treasury Preferred Dividends
For the fourth quarter and full years of 2010 and 2009, the Company recorded $67 million, $267 million, and $266 million, respectively, in preferred dividends related to the $4.85 billion in preferred securities issued to the U.S. Treasury under the Capital Purchase Program. The 5.5% effective yield reflects the 5.0% dividend rate and the amortization of the discount recorded on the preferred stock at issuance.
Balance Sheet
As of December 31, 2010, SunTrust had total assets of $172.9 billion and shareholders’ equity of $23.1 billion, representing 13.4% of total assets. Book and tangible book value per common share were $36.34 and $23.76, respectively, as of December 31, 2010.
Loans
Average loans for the fourth quarter of 2010 were $114.9 billion, up $1.6 billion, or 1%, compared to the third quarter. Growth in average commercial, residential mortgage, and consumer loans was partially offset by declines in construction and commercial real estate loans. During the fourth quarter, the Company completed an approximately $900 million purchase of high-quality indirect auto loans. Average loans for the fourth quarter of 2010 were essentially flat compared to the fourth quarter of 2009; however, the mix of loans changed over this time. The Company reduced its outstanding exposure to construction, home equity, and commercial real estate loans by a combined $4.0 billion, or 11%. Meanwhile, the outstanding balances in consumer direct (primarily student loans) and indirect auto increased by a combined $3.5 billion, or 30%. The preponderance of the growth in 2010 within residential mortgage and student loans came in loans carrying a government guarantee, also helping to reduce the overall risk profile of the loan portfolio. During the current quarter, loan originations including renewals and loan commitments totaled $22.2 billion, up 13% over the prior quarter.
 
5

Deposits
Consumer and commercial deposits in the fourth quarter of 2010 averaged $119.7 billion, an increase of $2.5 billion, or 2%, compared to the prior quarter. Growth was driven by lower-cost accounts, including demand, NOW, and money market. Compared to the fourth quarter of 2009, average consumer and commercial deposits increased $2.7 billion, or 2%. This growth was also driven by the lower-cost accounts, which grew a combined $8.5 billion, or 10%. Higher-cost consumer and other time deposits declined $6.0 billion, or 22%. While changing client preferences and the economic environment have contributed to this favorable shift in the deposit mix, SunTrust also attributes the growth to its investments in enhancing the client experience and its marketing initiatives. Among other benefits, the growth in low-cost deposits has enabled reductions in wholesale funding sources, including brokered and foreign deposit declines of $2.3 billion, or 45%.
Capital and Liquidity
The estimated Tier 1 common, Tier 1 capital, and tangible equity to tangible asset ratios remained relatively consistent compared to the prior quarter at 8.1%, 13.7%, and 10.1%, respectively, as of December 31, 2010. The estimated Tier 1 capital ratio excluding the TARP preferred stock was 10.0% at year-end. The Company’s capital position remains strong relative to current regulatory requirements. Its Tier 1 common ratio also exceeds the guidelines recently published by the Basel Committee and endorsed by U.S. regulatory agencies. The Company continues to have substantial liquidity as the inflows of deposits have largely been retained in cash or invested in high quality government-backed securities. In addition, the Company continues to have significant available borrowing capacity from its contingent funding sources.
Asset Quality
Asset quality metrics continued to improve during the quarter. Nonperforming loans, nonperforming assets, early stage delinquencies, and net charge-offs declined compared to the third quarter and are significantly lower than the fourth quarter of 2009. As of December 31, 2010, the allowance for loan losses was $3.0 billion, a decline of $112 million from the prior quarter. The reduction in the allowance for loan losses, combined with $920 million of growth in period-end total loans, resulted in a decline in the allowance to total loans ratio of 11 basis points to 2.58%. At the end of 2010, approximately 7.5% of the Company’s loan portfolio was comprised of government-guaranteed loans. The reserve for unfunded commitments increased $3 million sequentially to $58 million. Early stage delinquencies were 1.18% as of year-end, a modest improvement of 6 basis points from the end of the third quarter.
Net charge-off trends continued to improve, with fourth quarter net charge-offs of $621 million being less than the levels recognized in each of the previous six quarters. On a sequential basis, net charge-offs declined $69 million. Construction and residential mortgage net charge-offs declined $102 million, while commercial loan charge-offs increased $29 million; net charge-offs for all other loan categories were relatively flat. Compared to the fourth quarter of 2009, net charge-offs declined $200 million with declines in all loan categories except for commercial real estate, which increased to $38 million from $3 million. For the current quarter, the ratio of annualized net charge-offs to total average loans was 2.14%, down 28 basis points and 69 basis points from the prior quarter and the fourth quarter of 2009, respectively. The provision for credit losses for the current quarter was $512 million, down $103 million from the third quarter and down $462 million from the fourth quarter of 2009. For the year, net charge-offs were $2.9 billion, down $384 million compared to 2009, while the provision for credit losses declined $1.4 billion.
Nonaccrual loans declined $263 million, or 6%, from the prior quarter, continuing the downward trend experienced since the third quarter of 2009. The overall decline during the quarter in nonaccrual loans was mainly attributable to reductions in construction, residential mortgage, and commercial loans, while nonaccrual commercial real estate loans increased $43 million, or 9%. Nonaccrual loans totaled $4.1
 
6

billion, down $1.3 billion, or 24%, from the prior year. Residential mortgage and construction nonaccrual loans declined $857 million, or 32%, and $356 million, or 24%, respectively. At the end of the fourth quarter of 2010, nonaccrual loans represented 3.54% of total loans, down 121 basis points from the fourth quarter of 2009 and down 26 basis points from the prior quarter. Repayments, charge-offs, transfers to other real estate owned, and reduced inflows to nonaccrual status contributed to the overall decline. As of December 31, 2010, other real estate owned totaled $596 million, down $49 million since the prior quarter end.
The Company continued its efforts to assist borrowers experiencing financial difficulties through loan modifications. Accruing restructured loans increased during the quarter by $97 million and totaled $2.6 billion as of December 31, 2010. Compared to December 31, 2009, accruing restructured loans increased $972 million. Nonaccruing restructured loans remained relatively stable at $1.0 billion. The vast majority of accruing restructured loans relate to consumers, primarily residential mortgages. Nonaccruing restructured loans are also primarily related to consumers but also include $324 million of loans to business clients.
LINE OF BUSINESS FINANCIAL PERFORMANCE
Line of Business Results
The Company has included line of business financial tables as part of this release on its website at www.suntrust.com in the Investor Relations section located under “About SunTrust.” During the second quarter of 2010 the Company adjusted its lines of business used to measure business activities to align with certain organizational changes implemented during the quarter. The Company’s business segments are: Retail Banking, Diversified Commercial Banking, Corporate and Investment Banking, Mortgage, Wealth and Investment Management, and Commercial Real Estate. All revenue in the line of business tables 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 for loan losses 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 charges, differences in provision for loan losses compared to net charge-offs, as well as equity and its related impact. A detailed discussion of the line of business results will be included in the Company’s forthcoming annual report on Form 10-K.
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 annual report on Form 10-K. Detailed financial tables and other information are also available on the Company’s website at www.suntrust.com in the Investor Relations section located under “About SunTrust.” This information is also included in a current report on Form 8-K furnished with the Securities and Exchange Commission today.
Conference Call
SunTrust management will host a conference call on January 21, 2011, at 8:00 a.m. (Eastern Time) to discuss the earnings results and business trends. Individuals may call in beginning at 7:45 a.m. (Eastern Time) by dialing 1-888-972-7805 (Passcode: 4Q10). Individuals calling from outside the United States should dial 1-517-308-9091 (Passcode: 4Q10). A replay of the call will be available approximately one hour after the call ends on January 21, 2011, and will remain available until February 4, 2011, by dialing 1-800-294-3092 (domestic) or 1-402-220-9770 (international).
 
7

Alternatively, individuals may listen to the live webcast of the presentation by visiting the SunTrust investor relations website at www.suntrust.com/investorrelations . Beginning the afternoon of January 21, 2011, listeners may access an archived version of the webcast in the “Webcasts and Presentations” subsection found on the investor relations webpage. This webcast will be archived and available for one year. A link to the Investor Relations page is also found in the footer of the SunTrust home page.
SunTrust Banks, Inc., headquartered in Atlanta, is one of the nation’s largest banking organizations, serving a broad range of consumer, commercial, corporate and institutional clients. The Company operates an extensive branch and ATM network throughout the Southeast and Mid-Atlantic states and a full array of technology-based, 24-hour delivery channels. The Company also serves clients in selected markets nationally. Its primary businesses include deposit, credit, and trust and investment management services. Through various subsidiaries, the Company provides mortgage banking, insurance, brokerage, equipment leasing, and capital markets services. SunTrust’s Internet address is www.suntrust.com .
Important Cautionary Statement About Forward-Looking Statements
This news release includes non-GAAP financial measures to describe SunTrust’s performance. The reconciliations of those measures to GAAP measures are provided within or in the appendix to this news release. In this news release, the Company presents net interest income and net interest margin on a fully taxable-equivalent (“FTE”) basis, and ratios on an annualized basis. The FTE basis adjusts for the tax-favored status of income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and provides relevant comparison between taxable and non-taxable amounts.
This news release may contain forward-looking statements. Statements regarding future levels of net interest margin, future levels of and rates of change in delinquencies, future levels of nonperforming loans and charge-offs, the impact of legislative and regulatory changes, are forward-looking statements. Also, any statement that does not describe historical or current facts, is a forward-looking statement. These statements often include the words “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “targets,” “initiatives,” “potentially,” “potential impacts,” “probably,” “projects,” “outlook” or similar expressions or future conditional verbs such as “may,” “will,” “should,” “would,” and “could.” Forward-looking statements are based upon the current beliefs and expectations of management and on information currently available to management. Such statements speak as of the date hereof, and we do not assume any obligation to update the statements made herein or to update the reasons why actual results could differ from those contained in such statements in light of new information or future events.
Forward-looking statements are subject 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 actual results to differ materially from those described in the forward-looking statements can be found in Item 1A of Part I of our 10-K and in other periodic reports that we file with the SEC. Those factors include: our expense for regulatory assessment may increase as a result of the passage of the Dodd-Frank Reform Act; difficult market conditions have adversely affected our industry; recent levels of market volatility are unprecedented; we are subject to capital adequacy guidelines and, if we fail to meet these guidelines, our financial condition would be adversely affected; recently enacted legislation, or legislation enacted in the future, or any proposed federal programs subject us to increased regulation and may adversely affect us; we have not yet received permission to repay TARP funds; emergency measures designed to stabilize the U.S. banking system are beginning to wind down; we are subject to credit risk; weakness in the economy and in the real estate market, including specific weakness within our geographic footprint, has adversely affected us and may continue to adversely affect us; weakness in the real estate market, including the secondary residential mortgage loan markets, has adversely affected us and may continue to adversely affect us; as a financial services company, adverse changes in general business or economic conditions could have a material
 
8

adverse effect on our financial condition and results of operations; changes in market interest rates or capital markets could adversely affect our revenue and expense, the value of assets and obligations, and the availability and cost of capital or liquidity; the fiscal and monetary policies of the federal government and its agencies could have a material adverse effect on our earnings; we are subject to certain risks from originating, selling, and holding mortgages, including the risk that 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, and the risk of delays in the foreclosure process, both of which could harm our liquidity, results of operations, and financial condition; we may continue to suffer increased losses in our loan portfolio despite enhancement of our underwriting policies; depressed market values for our stock may require us to write down goodwill; clients could pursue alternatives to bank deposits, causing us to lose a relatively inexpensive source of funding; consumers may decide not to use banks to complete their financial transactions, which could affect net income; we have businesses other than banking which subject us to a variety of risks; hurricanes and other natural disasters may adversely affect loan portfolios and operations and increase the cost of doing business; negative public opinion could damage our reputation and adversely impact business and revenues; we rely on other companies to provide key components of our business infrastructure; the soundness of other financial institutions could adversely affect us; we rely on our systems, employees, and certain counterparties, and certain failures could materially adversely affect our operations; we depend on the accuracy and completeness of information about clients and counterparties; we are subject to certain litigation, and our expenses related to this litigation may adversely affect our results; regulation by federal and state agencies could adversely affect the business, revenue, and profit margins; competition in the financial services industry is intense and could result in losing business or reducing margins; future legislation could harm our competitive position; maintaining or increasing market share depends on market acceptance and regulatory approval of new products and services; we may not pay dividends on your common stock; our ability to receive dividends from our subsidiaries accounts for most of our revenue and could affect our liquidity and ability to pay dividends; significant legal actions could subject us to substantial uninsured liabilities; recently declining values of real estate, increases in unemployment, and the related effects on local economies may increase our credit losses, which would negatively affect our financial results; deteriorating credit quality, particularly in real estate loans, has adversely impacted us and may continue to adversely impact us; our allowance for loans and lease losses may not be adequate to cover our eventual losses; we will realize future losses if the proceeds we receive upon liquidation of nonperforming assets are less than the carrying value of such assets; disruptions in our ability to access global capital markets may negatively affect our capital resources and liquidity; in 2009 and 2010, credit rating agencies downgraded the credit ratings of SunTrust Bank and SunTrust Banks, Inc., and these downgrades and any subsequent downgrades could adversely impact the price and liquidity of our securities and could have an impact on our businesses and results of operations; we have in the past and may in the future pursue acquisitions, which could affect costs and from which we may not be able to realize anticipated benefits; we depend on the expertise of key personnel, and if these individuals leave or change their roles without effective replacements, operations may suffer; we may not be able to hire or retain additional qualified personnel and recruiting and compensation costs may increase as a result of turnover, both of which may increase costs and reduce profitability and may adversely impact our ability to implement our business strategy; our accounting policies and processes are critical to how we report our financial condition and results of operations, and require management to make estimates about matters that are uncertain; changes in our accounting policies or in accounting standards could materially affect how we report our financial results and condition; our stock price can be volatile; our disclosure controls and procedures may not prevent or detect all errors or acts of fraud; our financial instruments carried at fair value expose us to certain market risks; our revenues derived from our investment securities may be volatile and subject to a variety of risks; and we may enter into transactions with off-balance sheet affiliates or our subsidiaries.
 
9

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

																									
 	  	Three Months Ended	 	 	%	 	 	Twelve Months Ended	 	 	%	 	
 	  	December 31	 	 			 	December 31	 	 			
 	  	2010	 	 	2009	 	 	Change  4	 	 	2010	 	 	2009	 	 	Change  4	 	
EARNINGS & DIVIDENDS	  				 				 				 				 				 				
Net income/(loss)	  	 	$185  	  	 	 	($248) 	  	 	 	NM  	% 	 	 	$189  	  	 	 	($1,564) 	  	 	 	NM  	% 	
Net income/(loss) available to common shareholders	  	 	114  	  	 	 	(316) 	  	 	 	NM  	  	 	 	(87) 	  	 	 	(1,733) 	  	 	 	95  	  	
Net income/(loss) available to common shareholders excluding
goodwill/intangible impairment charges other than MSRs 1	  	 	114  	  	 	 	(316) 	  	 	 	NM  	  	 	 	(87) 	  	 	 	(1,018) 	  	 	 	91  	  	
Total revenue - FTE 2	  	 	2,326  	  	 	 	1,949  	  	 	 	19  	  	 	 	8,699  	  	 	 	8,299  	  	 	 	5  	  	
Total revenue - FTE excluding securities gains, net 1	  	 	2,262  	  	 	 	1,876  	  	 	 	21  	  	 	 	8,508  	  	 	 	8,201  	  	 	 	4  	  	
Net income/(loss) per average common share
Diluted 5	  	 	0.23  	  	 	 	(0.64) 	  	 	 	NM  	  	 	 	(0.18) 	  	 	 	(3.98) 	  	 	 	95  	  	
Diluted excluding goodwill/intangible impairment charges other than
MSRs  1,5	  	 	0.23  	  	 	 	(0.64) 	  	 	 	NM  	  	 	 	(0.18) 	  	 	 	(2.34) 	  	 	 	92  	  	
Basic	  	 	0.23  	  	 	 	(0.64) 	  	 	 	NM  	  	 	 	(0.18) 	  	 	 	(3.98) 	  	 	 	95  	  	
Dividends paid per common share	  	 	0.01  	  	 	 	0.01  	  	 	 	-  	  	 	 	0.04  	  	 	 	0.22  	  	 	 	(82) 	  	
							
CONDENSED BALANCE SHEETS	  				 				 				 				 				 				
Selected Average Balances	  				 				 				 				 				 				
Total assets	  	 	$174,768  	  	 	 	$174,041  	  	 	 	-  	% 	 	 	$172,375  	  	 	 	$175,442  	  	 	 	(2) 	% 	
Earning assets	  	 	149,114  	  	 	 	146,587  	  	 	 	2  	  	 	 	147,187  	  	 	 	150,908  	  	 	 	(2) 	  	
Loans	  	 	114,930  	  	 	 	115,036  	  	 	 	-  	  	 	 	113,925  	  	 	 	121,041  	  	 	 	(6) 	  	
Consumer and commercial deposits	  	 	119,688  	  	 	 	117,008  	  	 	 	2  	  	 	 	117,129  	  	 	 	113,164  	  	 	 	4  	  	
Brokered and foreign deposits	  	 	2,827  	  	 	 	5,145  	  	 	 	(45) 	  	 	 	2,916  	  	 	 	6,082  	  	 	 	(52) 	  	
Total shareholders’ equity	  	 	23,576  	  	 	 	22,381  	  	 	 	5  	  	 	 	22,834  	  	 	 	22,286  	  	 	 	2  	  	
							
As of	  				 				 				 				 				 				
Total assets	  	 	172,874  	  	 	 	174,165  	  	 	 	(1) 	  	 				 				 				
Earning assets	  	 	148,473  	  	 	 	147,896  	  	 	 	-  	  	 				 				 				
Loans	  	 	115,975  	  	 	 	113,675  	  	 	 	2  	  	 				 				 				
Allowance for loan and lease losses	  	 	2,974  	  	 	 	3,120  	  	 	 	(5) 	  	 				 				 				
Consumer and commercial deposits	  	 	120,025  	  	 	 	116,303  	  	 	 	3  	  	 				 				 				
Brokered and foreign deposits	  	 	3,019  	  	 	 	5,560  	  	 	 	(46) 	  	 				 				 				
Total shareholders’ equity	  	 	23,130  	  	 	 	22,531  	  	 	 	3  	  	 				 				 				
							
FINANCIAL RATIOS & OTHER DATA	  				 				 				 				 				 				
Return on average total assets	  	 	0.42  	% 	 	 	(0.57) 	% 	 	 	NM  	% 	 	 	0.11  	% 	 	 	(0.89) 	% 	 	 	NM  	% 	
Return on average assets less net unrealized
securities gains 1	  	 	0.31  	  	 	 	(0.70) 	  	 	 	NM  	  	 	 	0.01  	  	 	 	(0.96) 	  	 	 	NM  	  	
Return on average common shareholders’ equity	  	 	2.44  	  	 	 	(7.19) 	  	 	 	NM  	  	 	 	(0.49) 	  	 	 	(10.07) 	  	 	 	95  	  	
Return on average realized common shareholders’ equity 1	  	 	1.53  	  	 	 	(8.81) 	  	 	 	NM  	  	 	 	(1.53) 	  	 	 	(11.12) 	  	 	 	86  	  	
Net interest margin 2	  	 	3.44  	  	 	 	3.27  	  	 	 	5  	  	 	 	3.38  	  	 	 	3.04  	  	 	 	11  	  	
Efficiency ratio 2	  	 	66.57  	  	 	 	74.58  	  	 	 	(11) 	  	 	 	67.94  	  	 	 	79.07  	  	 	 	(14) 	  	
Tangible efficiency ratio 1	  	 	66.07  	  	 	 	73.96  	  	 	 	(11) 	  	 	 	67.36  	  	 	 	69.35  	  	 	 	(3) 	  	
Effective tax rate/(benefit)	  	 	19.66  	  	 	 	(51.46) 	  	 	 	NM  	  	 	 	NM  	  	 	 	(36.50) 	  	 	 	NM  	  	
Tier 1 common equity	  	  	8.08   	3  	 	 	7.67  	  	 	 	5  	  	 				 				 				
Tier 1 capital	  	  	13.65   	3  	 	 	12.96  	  	 	 	5  	  	 				 				 				
Total capital	  	  	16.50   	3  	 	 	16.43  	  	 	 	-  	  	 				 				 				
Tier 1 leverage	  	  	10.90   	3  	 	 	10.90  	  	 	 	-  	  	 				 				 				
Total average shareholders’ equity to total average assets	  	 	13.49  	  	 	 	12.86  	  	 	 	5  	  	 	 	13.25  	  	 	 	12.70  	  	 	 	4  	  	
Tangible equity to tangible assets 1	  	 	10.12  	  	 	 	9.66  	  	 	 	5  	  	 				 				 				
							
Book value per common share	  	 	$36.34  	  	 	 	$35.29  	  	 	 	3  	  	 				 				 				
Tangible book value per common share 1	  	 	23.76  	  	 	 	22.59  	  	 	 	5  	  	 				 				 				
Market price:	  				 				 				 				 				 				
High	  	 	29.82  	  	 	 	24.09  	  	 	 	24  	  	 	 	31.92  	  	 	 	30.18  	  	 	 	6  	  	
Low	  	 	23.25  	  	 	 	18.45  	  	 	 	26  	  	 	 	20.16  	  	 	 	6.00  	  	 	 	NM  	  	
Close	  	 	29.51  	  	 	 	20.29  	  	 	 	45  	  	 	 	29.51  	  	 	 	20.29  	  	 	 	45  	  	
Market capitalization	  	 	14,768  	  	 	 	10,128  	  	 	 	46  	  	 				 				 				
							
Average common shares outstanding (000s)	  				 				 				 				 				 				
Diluted	  	 	499,423  	  	 	 	498,082  	  	 	 	-  	  	 	 	498,744  	  	 	 	437,486  	  	 	 	14  	  	
Basic	  	 	495,710  	  	 	 	494,332  	  	 	 	-  	  	 	 	495,361  	  	 	 	435,328  	  	 	 	14  	  	
							
Full-time equivalent employees	  	 	29,056  	  	 	 	28,001  	  	 	 	4  	  	 				 				 				
Number of ATMs	  	 	2,918  	  	 	 	2,822  	  	 	 	3  	  	 				 				 				
Full service banking offices	  	 	1,668  	  	 	 	1,683  	  	 	 	(1) 	  	 				 				 				

1 See Appendix A for reconcilements of non-GAAP performance measures.
2 Total 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 common equity, tier 1 capital, total capital and tier 1 leverage ratios are estimated as of the earnings release date.
4 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.
5 For earnings per share calculation purposes, the impact of dilutive securities are excluded from the diluted share count during periods that the Company has recognized a net loss available to common shareholders because the impact would be antidilutive.
 
Page 1

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

																					
 	 	Three Months Ended	 	
 	 	December 31	 	 	September 30	 	 	June 30	 	 	March 31	 	 	December 31	 	
 	 	2010	 	 	2010	 	 	2010	 	 	2010	 	 	2009	 	
EARNINGS & DIVIDENDS	 				 				 				 				 				
Net income/(loss)	 	 	$185	  	 	 	$153	  	 	 	$12	  	 	 	($161	) 	 	 	($248	) 	
Net income/(loss) available to common shareholders	 	 	114	  	 	 	84	  	 	 	(56	) 	 	 	(229	) 	 	 	(316	) 	
Net income/(loss) available to common shareholders excluding
goodwill/intangible impairment charges other than MSRs 1	 	 	114	  	 	 	84	  	 	 	(56	) 	 	 	(229	) 	 	 	(316	) 	
Total revenue - FTE 2	 	 	2,326	  	 	 	2,313	  	 	 	2,160	  	 	 	1,900	  	 	 	1,949	  	
Total revenue - FTE excluding securities gains, net 1	 	 	2,262	  	 	 	2,244	  	 	 	2,103	  	 	 	1,899	  	 	 	1,876	  	
Net income/(loss) per average common share	 				 				 				 				 				
Diluted 4	 	 	0.23	  	 	 	0.17	  	 	 	(0.11	) 	 	 	(0.46	) 	 	 	(0.64	) 	
Diluted excluding goodwill/intangible impairment charges other than MSRs 1, 4	 	 	0.23	  	 	 	0.17	  	 	 	(0.11	) 	 	 	(0.46	) 	 	 	(0.64	) 	
Basic	 	 	0.23	  	 	 	0.17	  	 	 	(0.11	) 	 	 	(0.46	) 	 	 	(0.64	) 	
Dividends paid per common share	 	 	0.01	  	 	 	0.01	  	 	 	0.01	  	 	 	0.01	  	 	 	0.01	  	
						
CONDENSED BALANCE SHEETS	 				 				 				 				 				
Selected Average Balances	 				 				 				 				 				
Total assets	 	 	$174,768	  	 	 	$171,999	  	 	 	$171,273	  	 	 	$171,429	  	 	 	$174,041	  	
Earning assets	 	 	149,114	  	 	 	147,249	  	 	 	145,464	  	 	 	146,896	  	 	 	146,587	  	
Loans	 	 	114,930	  	 	 	113,322	  	 	 	113,016	  	 	 	114,435	  	 	 	115,036	  	
Consumer and commercial deposits	 	 	119,688	  	 	 	117,233	  	 	 	116,460	  	 	 	115,084	  	 	 	117,008	  	
Brokered and foreign deposits	 	 	2,827	  	 	 	2,740	  	 	 	2,670	  	 	 	3,433	  	 	 	5,145	  	
Total shareholders’ equity	 	 	23,576	  	 	 	23,091	  	 	 	22,313	  	 	 	22,338	  	 	 	22,381	  	
						
As of	 				 				 				 				 				
Total assets	 	 	172,874	  	 	 	174,703	  	 	 	170,668	  	 	 	171,796	  	 	 	174,165	  	
Earning assets	 	 	148,473	  	 	 	149,994	  	 	 	145,601	  	 	 	147,056	  	 	 	147,896	  	
Loans	 	 	115,975	  	 	 	115,055	  	 	 	112,925	  	 	 	113,979	  	 	 	113,675	  	
Allowance for loan and lease losses	 	 	2,974	  	 	 	3,086	  	 	 	3,156	  	 	 	3,176	  	 	 	3,120	  	
Consumer and commercial deposits	 	 	120,025	  	 	 	117,494	  	 	 	116,261	  	 	 	116,144	  	 	 	116,303	  	
Brokered and foreign deposits	 	 	3,019	  	 	 	2,850	  	 	 	2,407	  	 	 	2,606	  	 	 	5,560	  	
Total shareholders’ equity	 	 	23,130	  	 	 	23,438	  	 	 	23,024	  	 	 	22,620	  	 	 	22,531	  	
						
FINANCIAL RATIOS & OTHER DATA	 				 				 				 				 				
Return on average total assets	 	 	0.42	  % 	 	 	0.35	  % 	 	 	0.03	  % 	 	 	(0.38	)  % 	 	 	(0.57	)  % 	
Return on average assets less net unrealized
securities gains 1	 	 	0.31	  	 	 	0.23	  	 	 	(0.08	) 	 	 	(0.42	) 	 	 	(0.70	) 	
Return on average common shareholders’ equity	 	 	2.44	  	 	 	1.83	  	 	 	(1.29	) 	 	 	(5.34	) 	 	 	(7.19	) 	
Return on average realized common shareholders’ equity 1	 	 	1.53	  	 	 	0.70	  	 	 	(2.53	) 	 	 	(5.93	) 	 	 	(8.81	) 	
Net interest margin 2	 	 	3.44	  	 	 	3.41	  	 	 	3.33	  	 	 	3.32	  	 	 	3.27	  	
Efficiency ratio 2	 	 	66.57	  	 	 	64.80	  	 	 	69.57	  	 	 	71.60	  	 	 	74.58	  	
Tangible efficiency ratio 1	 	 	66.07	  	 	 	64.24	  	 	 	68.96	  	 	 	70.91	  	 	 	73.96	  	
Effective tax rate/(benefit)	 	 	19.66	  	 	 	8.25	  	 	 	(133.13	) 	 	 	(54.70	) 	 	 	(51.46	) 	
Tier 1 common equity	 	  	8.08 	  3  	 	 	8.02	  	 	 	7.92	  	 	 	7.70	  	 	 	7.67	  	
Tier 1 capital	 	  	13.65 	  3  	 	 	13.58	  	 	 	13.51	  	 	 	13.13	  	 	 	12.96	  	
Total capital	 	  	16.50 	  3  	 	 	16.42	  	 	 	16.96	  	 	 	16.68	  	 	 	16.43	  	
Tier 1 leverage	 	  	10.90 	  3  	 	 	11.03	  	 	 	10.94	  	 	 	10.95	  	 	 	10.90	  	
Total average shareholders’ equity to total average assets	 	 	13.49	  	 	 	13.42	  	 	 	13.03	  	 	 	13.03	  	 	 	12.86	  	
Tangible equity to tangible assets 1	 	 	10.12	  	 	 	10.19	  	 	 	10.18	  	 	 	9.86	  	 	 	9.66	  	
						
Book value per common share	 	 	$36.34	  	 	 	$37.01	  	 	 	$36.19	  	 	 	$35.40	  	 	 	$35.29	  	
Tangible book value per common share 1	 	 	23.76	  	 	 	24.42	  	 	 	23.58	  	 	 	22.76	  	 	 	22.59	  	
Market price:	 				 				 				 				 				
High	 	 	29.82	  	 	 	27.05	  	 	 	31.92	  	 	 	28.39	  	 	 	24.09	  	
Low	 	 	23.25	  	 	 	21.79	  	 	 	23.12	  	 	 	20.16	  	 	 	18.45	  	
Close	 	 	29.51	  	 	 	25.83	  	 	 	23.30	  	 	 	26.79	  	 	 	20.29	  	
Market capitalization	 	 	14,768	  	 	 	12,914	  	 	 	11,648	  	 	 	13,391	  	 	 	10,128	  	
						
Average common shares outstanding (000s )	 				 				 				 				 				
Diluted	 	 	499,423	  	 	 	498,802	  	 	 	498,499	  	 	 	498,238	  	 	 	498,082	  	
Basic	 	 	495,710	  	 	 	495,501	  	 	 	495,351	  	 	 	494,871	  	 	 	494,332	  	
						
Full-time equivalent employees	 	 	29,056	  	 	 	28,599	  	 	 	28,250	  	 	 	28,263	  	 	 	28,001	  	
Number of ATMs	 	 	2,918	  	 	 	2,928	  	 	 	2,902	  	 	 	2,828	  	 	 	2,822	  	
Full service banking offices	 	 	1,668	  	 	 	1,670	  	 	 	1,675	  	 	 	1,678	  	 	 	1,683	  	

1	See Appendix A for reconcilements of non-GAAP performance measures.	
2	Total 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 common equity, tier 1 capital, total capital and tier 1 leverage ratios are estimated as of the earnings release date.	
4	For earnings per share calculation purposes, the impact of dilutive securities are excluded from the diluted share count during periods that the Company has recognized a net loss available to common shareholders because the impact would be antidilutive.	
 
Page 2

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

																																	
 	 	Three Months Ended	 	 	Twelve Months Ended	 	
 	 	December 31	 	 	Increase/(Decrease)  2	 	 	December 31	 	 	Increase/(Decrease)  2	 	
 	 	    2010    	 	 	    2009    	 	 	    Amount    	 	 	    %    	 	 	    2010    	 	 	    2009    	 	 	    Amount    	 	 	    %    	 	
									
Interest income	 	 	$1,595 	  	 	 	$1,630  	  	 	 	($35)	  	 	 	(2)	% 	 	 	$6,343  	  	 	 	$6,710  	  	 	 	($367) 	  	 	 	(5) 	% 	
Interest expense	 	 	329 	  	 	 	453  	  	 	 	(124)	  	 	 	(27)	  	 	 	1,489  	  	 	 	2,244  	  	 	 	(755) 	  	 	 	(34) 	  	
	 	 	 	 	 	 	 	 	 				 				 	 	 	 	 	 	 	 	 				 				
NET INTEREST INCOME	 	 	1,266 	  	 	 	1,177  	  	 	 	89 	  	 	 	8 	  	 	 	4,854  	  	 	 	4,466  	  	 	 	388  	  	 	 	9 	  	
Provision for credit losses	 	 	512 	  	 	 	974  	  	 	 	(462)	  	 	 	(47)	  	 	 	2,651  	  	 	 	4,064  	  	 	 	(1,413) 	  	 	 	(35)	  	
	 	 	 	 	 	 	 	 	 				 				 	 	 	 	 	 	 	 	 				 				
NET INTEREST INCOME AFTER
PROVISION FOR CREDIT LOSSES	 	 	754 	  	 	 	203  	  	 	 	551 	  	 	 	NM 	  	 	 	2,203  	  	 	 	402  	  	 	 	1,801  	  	 	 	NM 	  	

NONINTEREST INCOME	 				 				 				 				 				 				 				 				
Service charges on deposit accounts	 	 	172 	  	 	 	213  	  	 	 	(41)	  	 	 	(19)	  	 	 	760  	  	 	 	848  	  	 	 	(88) 	  	 	 	(10)	  	
Trust and investment management income	 	 	130 	  	 	 	135  	  	 	 	(5)	  	 	 	(4)	  	 	 	503  	  	 	 	486  	  	 	 	17  	  	 	 	3 	  	
Retail investment services	 	 	57 	  	 	 	54  	  	 	 	3 	  	 	 	6 	  	 	 	205  	  	 	 	218  	  	 	 	(13) 	  	 	 	(6)	  	
Other charges and fees	 	 	135 	  	 	 	137  	  	 	 	(2)	  	 	 	(1)	  	 	 	534  	  	 	 	523  	  	 	 	11  	  	 	 	2 	  	
Investment banking income	 	 	103 	  	 	 	60  	  	 	 	43 	  	 	 	72 	  	 	 	313  	  	 	 	272  	  	 	 	41  	  	 	 	15 	  	
Trading account profits/(losses) and commissions	 	 	93 	  	 	 	(31) 	  	 	 	124 	  	 	 	NM 	  	 	 	173  	  	 	 	(41) 	  	 	 	214  	  	 	 	NM 	  	
Card fees	 	 	99 	  	 	 	85  	  	 	 	14 	  	 	 	16 	  	 	 	376  	  	 	 	324  	  	 	 	52  	  	 	 	16 	  	
Mortgage production related income/(loss)	 	 	41 	  	 	 	(68) 	  	 	 	109 	  	 	 	NM 	  	 	 	127  	  	 	 	376  	  	 	 	(249) 	  	 	 	(66)	  	
Mortgage servicing related income	 	 	68 	  	 	 	47  	  	 	 	21 	  	 	 	45 	  	 	 	358  	  	 	 	330  	  	 	 	28  	  	 	 	8 	  	
Gain from ownership in Visa	 	 	- 	  	 	 	-  	  	 	 	- 	  	 	 	- 	  	 	 	-  	  	 	 	112  	  	 	 	(112) 	  	 	 	(100)	  	
Other noninterest income	 	 	70 	  	 	 	37  	  	 	 	33 	  	 	 	89 	  	 	 	189  	  	 	 	164  	  	 	 	25  	  	 	 	15 	  	
Securities gains, net	 	 	64 	  	 	 	73  	  	 	 	(9)	  	 	 	(12)	  	 	 	191  	  	 	 	98  	  	 	 	93  	  	 	 	95 	  	
	 	 	 	 	 	 	 	 	 				 				 	 	 	 	 	 	 	 	 				 				
Total noninterest income	 	 	1,032 	  	 	 	742  	  	 	 	290 	  	 	 	39 	  	 	 	3,729  	  	 	 	3,710  	  	 	 	19  	  	 	 	1 	  	

NONINTEREST EXPENSE	 				 				 				 				 				 				 				 				
Employee compensation and benefits	 	 	738 	  	 	 	694  	  	 	 	44 	  	 	 	6 	  	 	 	2,821  	  	 	 	2,800  	  	 	 	21  	  	 	 	1 	  	
Net occupancy expense	 	 	88 	  	 	 	92  	  	 	 	(4)	  	 	 	(4)	  	 	 	361  	  	 	 	357  	  	 	 	4  	  	 	 	1 	  	
Outside processing and software	 	 	174 	  	 	 	149  	  	 	 	25 	  	 	 	17 	  	 	 	638  	  	 	 	579  	  	 	 	59  	  	 	 	10 	  	
Equipment expense	 	 	46 	  	 	 	43  	  	 	 	3 	  	 	 	7 	  	 	 	174  	  	 	 	172  	  	 	 	2  	  	 	 	1 	  	
Marketing and customer development	 	 	56 	  	 	 	48  	  	 	 	8 	  	 	 	17 	  	 	 	177  	  	 	 	152  	  	 	 	25  	  	 	 	16 	  	
Amortization/impairment of goodwill/intangible assets	 	 	12 	  	 	 	12  	  	 	 	- 	  	 	 	- 	  	 	 	51  	  	 	 	807  	  	 	 	(756) 	  	 	 	(94)	  	
Net loss on extinguishment of debt	 	 	4 	  	 	 	23  	  	 	 	(19)	  	 	 	(83)	  	 	 	70  	  	 	 	39  	  	 	 	31  	  	 	 	79 	  	
Operating losses	 	 	26 	  	 	 	26  	  	 	 	- 	  	 	 	- 	  	 	 	83  	  	 	 	99  	  	 	 	(16) 	  	 	 	(16)	  	
Mortgage reinsurance	 	 	2 	  	 	 	10  	  	 	 	(8)	  	 	 	(80)	  	 	 	27  	  	 	 	115  	  	 	 	(88) 	  	 	 	(77)	  	
FDIC premium/regulatory exams	 	 	69 	  	 	 	61  	  	 	 	8 	  	 	 	13 	  	 	 	265  	  	 	 	302  	  	 	 	(37) 	  	 	 	(12)	  	
Other noninterest expense	 	 	333 	  	 	 	295  	  	 	 	38 	  	 	 	13 	  	 	 	1,244  	  	 	 	1,140  	  	 	 	104  	  	 	 	9 	  	
	 	 	 	 	 	 	 	 	 				 				 	 	 	 	 	 	 	 	 				 				
Total noninterest expense	 	 	1,548 	  	 	 	1,453  	  	 	 	95 	  	 	 	7 	  	 	 	5,911  	  	 	 	6,562  	  	 	 	(651) 	  	 	 	(10)	  	

INCOME/(LOSS) BEFORE PROVISION/(BENEFIT) FOR
INCOME TAXES	 	 	238 	  	 	 	(508) 	  	 	 	746 	  	 	 	NM 	  	 	 	21  	  	 	 	(2,450) 	  	 	 	2,471  	  	 	 	NM 	  	
Provision/(benefit) for income taxes	 	 	45 	  	 	 	(263) 	  	 	 	308 	  	 	 	NM 	  	 	 	(185) 	  	 	 	(898) 	  	 	 	713  	  	 	 	79 	  	
	 	 	 	 	 	 	 	 	 				 				 	 	 	 	 	 	 	 	 				 				
INCOME/(LOSS) INCLUDING INCOME ATTRIBUTABLE
TO NONCONTROLLING INTEREST	 	 	193 	  	 	 	(245) 	  	 	 	438 	  	 	 	NM 	  	 	 	206  	  	 	 	(1,552) 	  	 	 	1,758  	  	 	 	NM 	  	
Net income attributable to noncontrolling interest	 	 	8 	  	 	 	3  	  	 	 	5 	  	 	 	NM 	  	 	 	17  	  	 	 	12  	  	 	 	5  	  	 	 	42 	  	
	 	 	 	 	 	 	 	 	 				 				 	 	 	 	 	 	 	 	 				 				
NET INCOME/(LOSS)	 	 	$185 	  	 	 	($248) 	  	 	 	$433 	  	 	 	NM 	% 	 	 	$189  	  	 	 	($1,564) 	  	 	 	$1,753  	  	 	 	NM 	% 	

NET INCOME/(LOSS) AVAILABLE TO COMMON
SHAREHOLDERS	 	 	$114 	  	 	 	($316) 	  	 	 	$430 	  	 	 	NM 	% 	 	 	($87)	  	 	 	($1,733) 	  	 	 	$1,646  	  	 	 	95 	% 	
									
Net interest income - FTE 1	 	 	1,294 	  	 	 	1,207  	  	 	 	87 	  	 	 	7 	  	 	 	4,970	  	 	 	4,589  	  	 	 	381  	  	 	 	8 	  	
									
Net income/(loss) per average common share	 				 				 				 				 				 				 				 				
Diluted 3	 	 	0.23 	  	 	 	(0.64) 	  	 	 	0.87 	  	 	 	NM 	  	 	 	(0.18)	  	 	 	(3.98) 	  	 	 	3.80  	  	 	 	95 	  	
Basic	 	 	0.23 	  	 	 	(0.64) 	  	 	 	0.87 	  	 	 	NM 	  	 	 	(0.18)	  	 	 	(3.98) 	  	 	 	3.80  	  	 	 	95 	  	
									
Cash dividends paid per common share	 	 	0.01 	  	 	 	0.01  	  	 	 	- 	  	 	 	- 	  	 	 	0.04	  	 	 	0.22  	  	 	 	(0.18) 	  	 	 	(82)	  	
Average common shares outstanding (000s)	 				 				 				 				 				 				 				 				
Diluted	 	 	499,423 	  	 	 	498,082  	  	 	 	1,341 	  	 	 	- 	  	 	 	498,744	  	 	 	437,486  	  	 	 	61,258  	  	 	 	14 	  	
Basic	 	 	495,710 	  	 	 	494,332  	  	 	 	1,378 	  	 	 	- 	  	 	 	495,361	  	 	 	435,328  	  	 	 	60,033  	  	 	 	14 	  	

1 Net interest income includes the effects of FTE adjustments using a federal tax rate of 35% and state income taxes where applicable to increase tax-exempt interest income to a taxable-equivalent basis.
2 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.
3 For earnings per share calculation purposes, the impact of dilutive securities are excluded from the diluted share count during periods that the Company has recognized a net loss available to common shareholders because the impact would be antidilutive.
 
Page 3

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

																													
 	 	              Three Months Ended	 	 	Three Months Ended	 	
 	 	    December 31    	 	 	    September 30    	 	 	Increase/(Decrease)  2	 	 	    June 30    	 	 	    March 31    	 	 	    December 31    	 	
 	 	2010	 	 	2010	 	 	    Amount    	 	 	      %      	 	 	2010	 	 	2010	 	 	2009	 	
								
Interest income	 	 	$1,595 	  	 	 	$1,604  	  	 	 	($9) 	  	 	 	-   	% 	 	 	$1,570  	  	 	 	$1,574  	  	 	 	$1,630  	  	
Interest expense	 	 	329 	  	 	 	366  	  	 	 	(37) 	  	 	 	(10) 	  	 	 	392  	  	 	 	402  	  	 	 	453  	  	
	 	 	 	 	 	 	 	 	 				 				 	 	 	 	 	 	 	 	 	 	 	 	
NET INTEREST INCOME	 	 	1,266 	  	 	 	1,238  	  	 	 	28  	  	 	 	2  	  	 	 	1,178  	  	 	 	1,172  	  	 	 	1,177  	  	
Provision for credit losses	 	 	512 	  	 	 	615  	  	 	 	(103) 	  	 	 	(17) 	  	 	 	662  	  	 	 	862  	  	 	 	974  	  	
	 	 	 	 	 	 	 	 	 				 				 	 	 	 	 	 	 	 	 	 	 	 	
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	 	 	754 	  	 	 	623  	  	 	 	131  	  	 	 	21  	  	 	 	516  	  	 	 	310  	  	 	 	203  	  	

NONINTEREST INCOME	 				 				 				 				 				 				 				
Service charges on deposit accounts	 	 	172 	  	 	 	184  	  	 	 	(12) 	  	 	 	(7) 	  	 	 	208  	  	 	 	196  	  	 	 	213  	  	
Trust and investment management income	 	 	130 	  	 	 	124  	  	 	 	6  	  	 	 	5  	  	 	 	127  	  	 	 	122  	  	 	 	135  	  	
Retail investment services	 	 	57 	  	 	 	52  	  	 	 	5  	  	 	 	10  	  	 	 	49  	  	 	 	47  	  	 	 	54  	  	
Other charges and fees	 	 	135 	  	 	 	137  	  	 	 	(2) 	  	 	 	(1) 	  	 	 	133  	  	 	 	129  	  	 	 	137  	  	
Investment banking income	 	 	103 	  	 	 	96  	  	 	 	7  	  	 	 	7  	  	 	 	58  	  	 	 	56  	  	 	 	60  	  	
Trading account profits/(losses) and commissions	 	 	93 	  	 	 	(22) 	  	 	 	115  	  	 	 	NM  	  	 	 	109  	  	 	 	(7) 	  	 	 	(31) 	  	
Card fees	 	 	99 	  	 	 	96  	  	 	 	3  	  	 	 	3  	  	 	 	94  	  	 	 	87  	  	 	 	85  	  	
Mortgage production related income/(loss)	 	 	41 	  	 	 	133  	  	 	 	(92) 	  	 	 	(69) 	  	 	 	(16) 	  	 	 	(31) 	  	 	 	(68) 	  	
Mortgage servicing related income	 	 	68 	  	 	 	132  	  	 	 	(64) 	  	 	 	(48) 	  	 	 	88  	  	 	 	70  	  	 	 	47  	  	
Other noninterest income	 	 	70 	  	 	 	46  	  	 	 	24  	  	 	 	52  	  	 	 	45  	  	 	 	28  	  	 	 	37  	  	
Securities gains, net	 	 	64 	  	 	 	69  	  	 	 	(5) 	  	 	 	(7) 	  	 	 	57  	  	 	 	1  	  	 	 	73  	  	
	 	 	 	 	 	 	 	 	 				 				 	 	 	 	 	 	 	 	 	 	 	 	
Total noninterest income	 	 	1,032 	  	 	 	1,047  	  	 	 	(15) 	  	 	 	(1) 	  	 	 	952  	  	 	 	698  	  	 	 	742  	  	
	 	 	 	 	 	 	 	 	 				 				 	 	 	 	 	 	 	 	 	 	 	 	
NONINTEREST EXPENSE	 				 				 				 				 				 				 				
Employee compensation and benefits	 	 	738 	  	 	 	709  	  	 	 	29  	  	 	 	4  	  	 	 	682  	  	 	 	692  	  	 	 	694  	  	
Net occupancy expense	 	 	88 	  	 	 	92  	  	 	 	(4) 	  	 	 	(4) 	  	 	 	90  	  	 	 	91  	  	 	 	92  	  	
Outside processing and software	 	 	174 	  	 	 	157  	  	 	 	17  	  	 	 	11  	  	 	 	158  	  	 	 	149  	  	 	 	149  	  	
Equipment expense	 	 	46 	  	 	 	45  	  	 	 	1  	  	 	 	2  	  	 	 	42  	  	 	 	41  	  	 	 	43  	  	
Marketing and customer development	 	 	56 	  	 	 	43  	  	 	 	13  	  	 	 	30  	  	 	 	44  	  	 	 	34  	  	 	 	48  	  	
Amortization/impairment of goodwill/intangible assets	 	 	12 	  	 	 	13  	  	 	 	(1) 	  	 	 	(8) 	  	 	 	13  	  	 	 	13  	  	 	 	12  	  	
Net loss/(gain) on extinguishment of debt	 	 	4 	  	 	 	12  	  	 	 	(8) 	  	 	 	(67) 	  	 	 	63  	  	 	 	(9) 	  	 	 	23  	  	
Operating losses	 	 	26 	  	 	 	27  	  	 	 	(1) 	  	 	 	(4) 	  	 	 	16  	  	 	 	14  	  	 	 	26  	  	
Mortgage reinsurance	 	 	2 	  	 	 	7  	  	 	 	(5) 	  	 	 	(71) 	  	 	 	9  	  	 	 	9  	  	 	 	10  	  	
FDIC premium/regulatory exams	 	 	69 	  	 	 	67  	  	 	 	2  	  	 	 	3  	  	 	 	65  	  	 	 	64  	  	 	 	61  	  	
Other noninterest expense	 	 	333 	  	 	 	327  	  	 	 	6  	  	 	 	2  	  	 	 	321  	  	 	 	263  	  	 	 	295  	  	
	 	 	 	 	 	 	 	 	 				 				 	 	 	 	 	 	 	 	 	 	 	 	
Total noninterest expense	 	 	1,548 	  	 	 	1,499  	  	 	 	49  	  	 	 	3  	  	 	 	1,503  	  	 	 	1,361  	  	 	 	1,453  	  	

INCOME/(LOSS) BEFORE PROVISION/(BENEFIT) FOR INCOME TAXES	 	 	238 	  	 	 	171  	  	 	 	67  	  	 	 	39  	  	 	 	(35) 	  	 	 	(353) 	  	 	 	(508) 	  	
Provision/(benefit) for income taxes	 	 	45 	  	 	 	14  	  	 	 	31  	  	 	 	NM  	  	 	 	(50) 	  	 	 	(194) 	  	 	 	(263) 	  	
	 	 	 	 	 	 	 	 	 				 				 	 	 	 	 	 	 	 	 	 	 	 	
INCOME/(LOSS) INCLUDING INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	 	 	193 	  	 	 	157  	  	 	 	36  	  	 	 	23  	  	 	 	15  	  	 	 	(159) 	  	 	 	(245) 	  	
Net income attributable to noncontrolling interest	 	 	8 	  	 	 	4  	  	 	 	4  	  	 	 	100  	  	 	 	3  	  	 	 	2  	  	 	 	3  	  	
	 	 	 	 	 	 	 	 	 				 				 	 	 	 	 	 	 	 	 	 	 	 	
NET INCOME/(LOSS)	 	 	$185 	  	 	 	$153  	  	 	 	$32  	  	 	 	21  	% 	 	 	$12  	  	 	 	($161) 	  	 	 	($248) 	  	

NET INCOME/(LOSS) AVAILABLE TO COMMON SHAREHOLDERS	 	 	$114 	  	 	 	$84  	  	 	 	$30  	  	 	 	36  	% 	 	 	($56) 	  	 	 	($229) 	  	 	 	($316) 	  	
								
Net interest income - FTE 1	 	 	1,294 	  	 	 	1,266  	  	 	 	28  	  	 	 	2  	  	 	 	1,208  	  	 	 	1,202  	  	 	 	1,207  	  	
								
Net income/(loss) per average common share	 				 				 				 				 				 				 				
Diluted 3	 	 	0.23 	  	 	 	0.17  	  	 	 	0.06  	  	 	 	35  	  	 	 	(0.11) 	  	 	 	(0.46) 	  	 	 	(0.64) 	  	
Basic	 	 	0.23 	  	 	 	0.17  	  	 	 	0.06  	  	 	 	35  	  	 	 	(0.11) 	  	 	 	(0.46) 	  	 	 	(0.64) 	  	
								
Cash dividends paid per common share	 	 	0.01 	  	 	 	0.01  	  	 	 	-  	  	 	 	-  	  	 	 	0.01  	  	 	 	0.01  	  	 	 	0.01  	  	
Average common shares outstanding (000s)	 				 				 				 				 				 				 				
Diluted	 	 	499,423 	  	 	 	498,802  	  	 	 	621  	  	 	 	-  	  	 	 	498,499  	  	 	 	498,238  	  	 	 	498,082  	  	
Basic	 	 	495,710 	  	 	 	495,501  	  	 	 	209  	  	 	 	-  	  	 	 	495,351  	  	 	 	494,871  	  	 	 	494,332  	  	

1	Net interest income includes the effects of FTE adjustments using a federal tax rate of 35% and state income taxes where applicable to increase tax-exempt interest income to a taxable-equivalent basis.	
2	“NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.	
3	For earnings per share calculation purposes, the impact of dilutive securities are excluded from the diluted share count during periods that the Company has recognized a net loss available to common shareholders because the impact would be antidilutive.	
 
Page 4

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

																	
 	  	As of December 31	 	  	Increase/(Decrease)  2	 	
 	  	2010	 	  	2009	 	  	    Amount    	 	  	      %      	 	
					
ASSETS	  				  				  				  				
Cash and due from banks	  	 	$4,296  	  	  	 	$6,456  	  	  	 	($2,160) 	  	  	 	(33) %	  	
Interest-bearing deposits in other banks	  	 	24  	  	  	 	24  	  	  	 	-  	  	  	 	-      	  	
Funds sold and securities purchased under
agreements to resell	  	 	1,058  	  	  	 	517  	  	  	 	541  	  	  	 	NM      	  	
Trading assets	  	 	6,175  	  	  	 	4,980  	  	  	 	1,195  	  	  	 	24      	  	
Securities available for sale	  	 	26,895  	  	  	 	28,477  	  	  	 	(1,582) 	  	  	 	(6)     	  	
Loans held for sale	  	 	3,501  	  	  	 	4,670  	  	  	 	(1,169) 	  	  	 	(25)     	  	
Loans held for investment:	  				  				  				  				
Commercial	  	 	34,064  	  	  	 	32,494  	  	  	 	1,570  	  	  	 	5      	  	
Real estate:	  				  				  				  				
Home equity lines	  	 	15,040  	  	  	 	15,953  	  	  	 	(913)  	  	  	 	(6)     	  	
Construction	  	 	3,848  	  	  	 	6,647  	  	  	 	(2,799) 	  	  	 	(42)     	  	
Residential mortgages	  	 	31,572  	  	  	 	30,790  	  	  	 	782  	  	  	 	3      	  	
Commercial real estate:	  				  				  				  				
Owner occupied	  	 	8,674  	  	  	 	8,915  	  	  	 	(241) 	  	  	 	(3)     	  	
Investor owned	  	 	5,868  	  	  	 	6,159  	  	  	 	(291) 	  	  	 	(5)     	  	
Consumer:	  				  				  				  				
Direct	  	 	6,638  	  	  	 	5,118  	  	  	 	1,520  	  	  	 	30      	  	
Indirect	  	 	9,291  	  	  	 	6,531  	  	  	 	2,760  	  	  	 	42      	  	
Credit card	  	 	980  	  	  	 	1,068  	  	  	 	(88) 	  	  	 	(8)     	  	
	  	 	 	 	  	 	 	 	  				  				
Total loans held for investment	  	 	115,975  	  	  	 	113,675  	  	  	 	2,300  	  	  	 	2      	  	
Allowance for loan and lease losses	  	 	(2,974) 	  	  	 	(3,120) 	  	  	 	(146) 	  	  	 	(5)     	  	
	  	 	 	 	  	 	 	 	  				  				
Net loans held for investment	  	 	113,001  	  	  	 	110,555  	  	  	 	2,446  	  	  	 	2      	  	
Goodwill	  	 	6,323  	  	  	 	6,319  	  	  	 	4  	  	  	 	-      	  	
Other intangible assets	  	 	1,571  	  	  	 	1,711  	  	  	 	(140) 	  	  	 	(8)     	  	
Other real estate owned	  	 	596  	  	  	 	620  	  	  	 	(24) 	  	  	 	(4)     	  	
Other assets	  	 	9,434  	  	  	 	9,836  	  	  	 	(402) 	  	  	 	(4)     	  	
	  	 	 	 	  	 	 	 	  				  				
Total assets 1	  	 	$172,874  	  	  	 	$174,165  	  	  	 	($1,291) 	  	  	 	(1)  %	  	

LIABILITIES	  				  				  				  				
Deposits:	  				  				  				  				
Noninterest-bearing consumer and commercial deposits	  	 	$27,290  	  	  	 	$24,244  	  	  	 	$3,046  	  	  	 	13  %	  	
Interest-bearing consumer and commercial deposits:	  				  				  				  				
NOW accounts	  	 	26,115  	  	  	 	27,205  	  	  	 	(1,090) 	  	  	 	(4)     	  	
Money market accounts	  	 	42,005  	  	  	 	35,213  	  	  	 	6,792  	  	  	 	19      	  	
Savings	  	 	4,094  	  	  	 	3,753  	  	  	 	341  	  	  	 	9      	  	
Consumer time	  	 	12,879  	  	  	 	14,778  	  	  	 	(1,899) 	  	  	 	(13)     	  	
Other time	  	 	7,642  	  	  	 	11,110  	  	  	 	(3,468) 	  	  	 	(31)     	  	
	  	 	 	 	  	 	 	 	  				  				
Total consumer and commercial deposits	  	 	120,025  	  	  	 	116,303  	  	  	 	3,722  	  	  	 	3      	  	
Brokered deposits	  	 	2,365  	  	  	 	4,231  	  	  	 	(1,866) 	  	  	 	(44)     	  	
Foreign deposits	  	 	654  	  	  	 	1,329  	  	  	 	(675) 	  	  	 	(51)     	  	
	  	 	 	 	  	 	 	 	  				  				
Total deposits	  	 	123,044  	  	  	 	121,863  	  	  	 	1,181  	  	  	 	1      	  	
Funds purchased	  	 	951  	  	  	 	1,433  	  	  	 	(482) 	  	  	 	(34)     	  	
Securities sold under agreements to repurchase	  	 	2,180  	  	  	 	1,871  	  	  	 	309  	  	  	 	17      	  	
Other short-term borrowings	  	 	2,690  	  	  	 	2,062  	  	  	 	628  	  	  	 	30      	  	
Long-term debt	  	 	13,648  	  	  	 	17,490  	  	  	 	(3,842) 	  	  	 	(22)     	  	
Trading liabilities	  	 	2,678  	  	  	 	2,189  	  	  	 	489  	  	  	 	22      	  	
Other liabilities	  	 	4,553  	  	  	 	4,726  	  	  	 	(173) 	  	  	 	(4)     	  	
	  	 	 	 	  	 	 	 	  				  				
Total liabilities	  	 	149,744  	  	  	 	151,634  	  	  	 	(1,890) 	  	  	 	(1)     	  	

SHAREHOLDERS’ EQUITY	  				  				  				  				
Preferred stock, no par value	  	 	4,942  	  	  	 	4,917  	  	  	 	25  	  	  	 	1      	  	
Common stock, $1.00 par value	  	 	515  	  	  	 	515  	  	  	 	-  	  	  	 	-      	  	
Additional paid in capital	  	 	8,403  	  	  	 	8,521  	  	  	 	(118) 	  	  	 	(1)     	  	
Retained earnings	  	 	8,542  	  	  	 	8,563  	  	  	 	(21) 	  	  	 	-      	  	
Treasury stock, at cost, and other	  	 	(888) 	  	  	 	(1,055) 	  	  	 	(167) 	  	  	 	(16)     	  	
Accumulated other comprehensive income	  	 	1,616  	  	  	 	1,070  	  	  	 	546  	  	  	 	51      	  	
	  	 	 	 	  	 	 	 	  				  				
Total shareholders’ equity	  	 	23,130  	  	  	 	22,531  	  	  	 	599  	  	  	 	3      	  	

	  	 	 	 	  	 	 	 	  				  				
Total liabilities and shareholders’ equity	  	 	$172,874  	  	  	 	$174,165  	  	  	 	($1,291) 	  	  	 	(1) %	  	

Common shares outstanding	  	 	500,435,823  	  	  	 	499,156,858  	  	  	 	1,278,965  	  	  	 	-  %	  	
Common shares authorized	  	 	750,000,000  	  	  	 	750,000,000  	  	  	 	-  	  	  	 	-      	  	
Preferred shares outstanding	  	 	50,225  	  	  	 	50,225  	  	  	 	-  	  	  	 	-      	  	
Preferred shares authorized	  	 	50,000,000  	  	  	 	50,000,000  	  	  	 	-  	  	  	 	-      	  	
Treasury shares of common stock
 	  	 
 	14,230,772  

 	15,509,737  

 	(1,278,965) 

 	(8)     

1  Includes earning assets of	  	 	$148,473  	  	  	 	$147,896  	  	  	 	$577	  	  	 	-   %	  	
2  “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.
 
Page 5

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

																													
 	 	                           As of	 	 	As of	 	
 	 	    December 31    	 	 	    September 30    	 	 	    Increase/(Decrease)    	 	 	    June 30    	 	 	    March 31    	 	 	    December 31    	 	
 	 	2010	 	 	2010	 	 	Amount	 	 	    %    	 	 	2010	 	 	2010	 	 	2009	 	
ASSETS	 				 				 				 				 				 				 				
Cash and due from banks	 	 	$4,296  	  	 	 	$3,169  	  	 	 	$1,127  	  	 	 	36  	% 	 	 	$3,836  	  	 	 	$4,671  	  	 	 	$6,456  	  	
Interest-bearing deposits in other banks	 	 	24  	  	 	 	25  	  	 	 	(1) 	  	 	 	(4) 	  	 	 	24  	  	 	 	24  	  	 	 	24  	  	
Funds sold and securities purchased under
agreements to resell	 	 	1,058  	  	 	 	962  	  	 	 	96  	  	 	 	10  	  	 	 	933  	  	 	 	1,614  	  	 	 	517  	  	
Trading assets	 	 	6,175  	  	 	 	6,650  	  	 	 	(475) 	  	 	 	(7) 	  	 	 	6,166  	  	 	 	6,038  	  	 	 	4,980  	  	
Securities available for sale	 	 	26,895  	  	 	 	30,310  	  	 	 	(3,415) 	  	 	 	(11) 	  	 	 	27,598  	  	 	 	26,239  	  	 	 	28,477  	  	
Loans held for sale	 	 	3,501  	  	 	 	3,114  	  	 	 	387  	  	 	 	12  	  	 	 	3,185  	  	 	 	3,697  	  	 	 	4,670  	  	
Loans held for investment:	 				 				 				 				 				 				 				
Commercial	 	 	34,064  	  	 	 	32,847  	  	 	 	1,217  	  	 	 	4  	  	 	 	32,523  	  	 	 	33,394  	  	 	 	32,494  	  	
Real estate:	 				 				 				 				 				 				 				
Home equity lines	 	 	15,040  	  	 	 	15,292  	  	 	 	(252) 	  	 	 	(2) 	  	 	 	15,443  	  	 	 	15,676  	  	 	 	15,953  	  	
Construction	 	 	3,848  	  	 	 	4,440  	  	 	 	(592) 	  	 	 	(13) 	  	 	 	5,004  	  	 	 	5,756  	  	 	 	6,647  	  	
Residential mortgages	 	 	31,572  	  	 	 	32,003  	  	 	 	(431) 	  	 	 	(1) 	  	 	 	31,126  	  	 	 	30,805  	  	 	 	30,790  	  	
Commercial real estate:	 				 				 				 				 				 				 				
Owner occupied	 	 	8,674  	  	 	 	8,709  	  	 	 	(35) 	  	 	 	-  	  	 	 	8,877  	  	 	 	8,927  	  	 	 	8,915  	  	
Investor owned	 	 	5,868  	  	 	 	6,104  	  	 	 	(236) 	  	 	 	(4) 	  	 	 	6,257  	  	 	 	6,335  	  	 	 	6,159  	  	
Consumer:	 				 				 				 				 				 				 				
Direct	 	 	6,638  	  	 	 	6,492  	  	 	 	146  	  	 	 	2  	  	 	 	5,711  	  	 	 	5,368  	  	 	 	5,118  	  	
Indirect	 	 	9,291  	  	 	 	8,165  	  	 	 	1,126  	  	 	 	14  	  	 	 	6,953  	  	 	 	6,678  	  	 	 	6,531  	  	
Credit card	 	 	980  	  	 	 	1,003  	  	 	 	(23) 	  	 	 	(2) 	  	 	 	1,031  	  	 	 	1,040  	  	 	 	1,068  	  	
	 	 	 	 	 	 	 	 	 				 				 	 	 	 	 	 	 	 	 	 	 	 	
Total loans held for investment	 	 	115,975  	  	 	 	115,055  	  	 	 	920  	  	 	 	1  	  	 	 	112,925  	  	 	 	113,979  	  	 	 	113,675  	  	
Allowance for loan and lease losses	 	 	(2,974) 	  	 	 	(3,086) 	  	 	 	(112) 	  	 	 	(4) 	  	 	 	(3,156) 	  	 	 	(3,176) 	  	 	 	(3,120) 	  	
	 	 	 	 	 	 	 	 	 				 				 	 	 	 	 	 	 	 	 	 	 	 	
Net loans held for investment	 	 	113,001  	  	 	 	111,969  	  	 	 	1,032  	  	 	 	1  	  	 	 	109,769  	  	 	 	110,803  	  	 	 	110,555  	  	
Goodwill	 	 	6,323  	  	 	 	6,323  	  	 	 	-  	  	 	 	-  	  	 	 	6,323  	  	 	 	6,323  	  	 	 	6,319  	  	
Other intangible assets	 	 	1,571  	  	 	 	1,204  	  	 	 	367  	  	 	 	30  	  	 	 	1,443  	  	 	 	1,800  	  	 	 	1,711  	  	
Other real estate owned	 	 	596  	  	 	 	645  	  	 	 	(49) 	  	 	 	(8) 	  	 	 	700  	  	 	 	628  	  	 	 	620  	  	
Other assets	 	 	9,434  	  	 	 	10,332  	  	 	 	(898) 	  	 	 	(9) 	  	 	 	10,691  	  	 	 	9,959  	  	 	 	9,836  	  	
	 	 	 	 	 	 	 	 	 				 				 	 	 	 	 	 	 	 	 	 	 	 	
Total assets 1	 	 	$172,874  	  	 	 	$174,703  	  	 	 	($1,829) 	  	 	 	(1) 	% 	 	 	$170,668  	  	 	 	$171,796  	  	 	 	$174,165  	  	

LIABILITIES	 				 				 				 				 				 				 				
Deposits:	 				 				 				 				 				 				 				
Noninterest-bearing consumer and commercial deposits	 	 	$27,290  	  	 	 	$26,707  	  	 	 	$583  	  	 	 	2  	% 	 	 	$25,382  	  	 	 	$25,149  	  	 	 	$24,244  	  	
Interest-bearing consumer and commercial deposits:	 				 				 				 				 				 				 				
NOW accounts	 	 	26,115  	  	 	 	23,444  	  	 	 	2,671  	  	 	 	11  	  	 	 	24,487  	  	 	 	25,657  	  	 	 	27,205  	  	
Money market accounts	 	 	42,005  	  	 	 	40,798  	  	 	 	1,207  	  	 	 	3  	  	 	 	38,444  	  	 	 	36,873  	  	 	 	35,213  	  	
Savings	 	 	4,094  	  	 	 	4,051  	  	 	 	43  	  	 	 	1  	  	 	 	4,107  	  	 	 	4,027  	  	 	 	3,753  	  	
Consumer time	 	 	12,879  	  	 	 	13,966  	  	 	 	(1,087) 	  	 	 	(8) 	  	 	 	14,665  	  	 	 	14,547  	  	 	 	14,778  	  	
Other time	 	 	7,642  	  	 	 	8,528  	  	 	 	(886) 	  	 	 	(10) 	  	 	 	9,176  	  	 	 	9,891  	  	 	 	11,110  	  	
	 	 	 	 	 	 	 	 	 				 				 	 	 	 	 	 	 	 	 	 	 	 	
Total consumer and commercial deposits	 	 	120,025  	  	 	 	117,494  	  	 	 	2,531  	  	 	 	2  	  	 	 	116,261  	  	 	 	116,144  	  	 	 	116,303  	  	
Brokered deposits	 	 	2,365  	  	 	 	2,409  	  	 	 	(44) 	  	 	 	(2) 	  	 	 	2,343  	  	 	 	2,351  	  	 	 	4,231  	  	
Foreign deposits	 	 	654  	  	 	 	441  	  	 	 	213  	  	 	 	48  	  	 	 	64  	  	 	 	255  	  	 	 	1,329  	  	
	 	 	 	 	 	 	 	 	 				 				 	 	 	 	 	 	 	 	 	 	 	 	
Total deposits	 	 	123,044  	  	 	 	120,344  	  	 	 	2,700  	  	 	 	2  	  	 	 	118,668  	  	 	 	118,750  	  	 	 	121,863  	  	
Funds purchased	 	 	951  	  	 	 	1,076  	  	 	 	(125) 	  	 	 	(12) 	  	 	 	1,260  	  	 	 	1,159  	  	 	 	1,433  	  	
Securities sold under agreements to repurchase	 	 	2,180  	  	 	 	2,429  	  	 	 	(249) 	  	 	 	(10) 	  	 	 	2,477  	  	 	 	2,794  	  	 	 	1,871  	  	
Other short-term borrowings	 	 	2,690  	  	 	 	4,894  	  	 	 	(2,204) 	  	 	 	(45) 	  	 	 	2,517  	  	 	 	2,388  	  	 	 	2,062  	  	
Long-term debt	 	 	13,648  	  	 	 	15,208  	  	 	 	(1,560) 	  	 	 	(10) 	  	 	 	15,659  	  	 	 	16,531  	  	 	 	17,490  	  	
Trading liabilities	 	 	2,678  	  	 	 	2,702  	  	 	 	(24) 	  	 	 	(1) 	  	 	 	2,655  	  	 	 	3,247  	  	 	 	2,189  	  	
Other liabilities	 	 	4,553  	  	 	 	4,612  	  	 	 	(59) 	  	 	 	(1) 	  	 	 	4,408  	  	 	 	4,307  	  	 	 	4,726  	  	
	 	 	 	 	 	 	 	 	 				 				 	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities	 	 	149,744  	  	 	 	151,265  	  	 	 	(1,521) 	  	 	 	(1) 	  	 	 	147,644  	  	 	 	149,176  	  	 	 	151,634  	  	
	 	 	 	 	 	 	 	 	 				 				 	 	 	 	 	 	 	 	 	 	 	 	
SHAREHOLDERS’ EQUITY	 				 				 				 				 				 				 				
Preferred stock, no par value	 	 	4,942  	  	 	 	4,936  	  	 	 	6  	  	 	 	-  	  	 	 	4,929  	  	 	 	4,923  	  	 	 	4,917  	  	
Common stock, $1.00 par value	 	 	515  	  	 	 	515  	  	 	 	-  	  	 	 	-  	  	 	 	515  	  	 	 	515  	  	 	 	515  	  	
Additional paid in capital	 	 	8,403  	  	 	 	8,443  	  	 	 	(40) 	  	 	 	-  	  	 	 	8,445  	  	 	 	8,446  	  	 	 	8,521  	  	
Retained earnings	 	 	8,542  	  	 	 	8,431  	  	 	 	111  	  	 	 	1  	  	 	 	8,358  	  	 	 	8,419  	  	 	 	8,563  	  	
Treasury stock, at cost, and other	 	 	(888) 	  	 	 	(952) 	  	 	 	(64) 	  	 	 	(7) 	  	 	 	(968) 	  	 	 	(989) 	  	 	 	(1,055) 	  	
Accumulated other comprehensive income	 	 	1,616  	  	 	 	2,065  	  	 	 	(449) 	  	 	 	(22) 	  	 	 	1,745  	  	 	 	1,306  	  	 	 	1,070  	  	
	 	 	 	 	 	 	 	 	 				 				 	 	 	 	 	 	 	 	 	 	 	 	
Total shareholders’ equity	 	 	23,130  	  	 	 	23,438  	  	 	 	(308) 	  	 	 	(1) 	  	 	 	23,024  	  	 	 	22,620  	  	 	 	22,531  	  	

	 	 	 	 	 	 	 	 	 				 				 	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities and shareholders’ equity	 	 	$172,874  	  	 	 	$174,703  	  	 	 	($1,829) 	  	 	 	(1) 	% 	 	 	$170,668  	  	 	 	$171,796  	  	 	 	$174,165  	  	

Common shares outstanding	 	 	500,435,823  	  	 	 	499,954,653  	  	 	 	481,170  	  	 	 	-  	% 	 	 	499,928,565  	  	 	 	499,857,812  	  	 	 	499,156,858  	  	
Common shares authorized	 	 	750,000,000  	  	 	 	750,000,000  	  	 	 	-  	  	 	 	-  	  	 	 	750,000,000  	  	 	 	750,000,000  	  	 	 	750,000,000  	  	
Preferred shares outstanding	 	 	50,225  	  	 	 	50,225  	  	 	 	-  	  	 	 	-  	  	 	 	50,225  	  	 	 	50,225  	  	 	 	50,225  	  	
Preferred shares authorized	 	 	50,000,000  	  	 	 	50,000,000  	  	 	 	-  	  	 	 	-  	  	 	 	50,000,000  	  	 	 	50,000,000  	  	 	 	50,000,000  	  	
Treasury shares of common stock	 	 	14,230,772  	  	 	 	14,711,942  	  	 	 	(481,170) 	  	 	 	(3) 	  	 	 	14,738,030  	  	 	 	14,808,783  	  	 	 	15,509,737  	  	
1 Includes earning assets of	 	 	$148,473  	  	 	 	$149,994  	  	 	 	($1,521) 	  	 	 	(1) 	% 	 	 	$145,601  	  	 	 	$147,056  	  	 	 	$147,896  	  	
 
Page 6

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

																																									
 	 	Three Months Ended	 	 	Increase/(Decrease) From	 	
 	 	December 31, 2010	 	 	September 30, 2010	 	 	Sequential Quarter	 	 	Prior Year Quarter	 	
											
 	 	Average
    Balances    	 	 	Interest
    Income/    
Expense	 	 	    Yields/    
Rates	 	 	Average
    Balances    	 	 	Interest
    Income/    
Expense	 	 	    Yields/    
Rates	 	 	Average
    Balances    	 	 	    Yields/    
Rates	 	 	Average
    Balances    	 	 	    Yields/    
Rates	 	
ASSETS	 				 				 				 				 				 				 				 				 				 				
Loans:	 				 				 				 				 				 				 				 				 				 				
Real estate residential mortgage 1-4 family	 	 	$29,789  	  	 	 	$378  	  	 	 	5.07  	% 	 	 	$29,252  	  	 	 	$386  	  	 	 	5.27  	% 	 	 	$537  	  	 	 	(0.20) 	% 	 	 	$1,112  	  	 	 	(0.65) 	% 	
Real estate construction	 	 	2,839  	  	 	 	28  	  	 	 	3.98  	  	 	 	3,431  	  	 	 	33  	  	 	 	3.78  	  	 	 	(592) 	  	 	 	0.20  	  	 	 	(1,914) 	  	 	 	0.60  	  	
Real estate home equity lines	 	 	14,738  	  	 	 	126  	  	 	 	3.38  	  	 	 	14,785  	  	 	 	127  	  	 	 	3.40  	  	 	 	(47) 	  	 	 	(0.02) 	  	 	 	(682) 	  	 	 	0.06  	  	
Real estate commercial	 	 	13,967  	  	 	 	143  	  	 	 	4.07  	  	 	 	14,166  	  	 	 	146  	  	 	 	4.08  	  	 	 	(199) 	  	 	 	(0.01) 	  	 	 	(1,390) 	  	 	 	0.03  	  	
Commercial - FTE  1	 	 	33,067  	  	 	 	472  	  	 	 	5.67  	  	 	 	32,491  	  	 	 	459  	  	 	 	5.60  	  	 	 	576  	  	 	 	0.07  	  	 	 	360  	  	 	 	0.16  	  	
Credit card	 	 	1,054  	  	 	 	21  	  	 	 	8.04  	  	 	 	1,049  	  	 	 	22  	  	 	 	8.37  	  	 	 	5  	  	 	 	(0.33) 	  	 	 	59  	  	 	 	0.27  	  	
Consumer - direct	 	 	6,565  	  	 	 	73  	  	 	 	4.38  	  	 	 	5,872  	  	 	 	66  	  	 	 	4.45  	  	 	 	693  	  	 	 	(0.07) 	  	 	 	1,494  	  	 	 	0.41  	  	
Consumer - indirect	 	 	8,683  	  	 	 	114  	  	 	 	5.19  	  	 	 	7,770  	  	 	 	108  	  	 	 	5.50  	  	 	 	913  	  	 	 	(0.31) 	  	 	 	2,047  	  	 	 	(1.03) 	  	
Nonaccrual 3	 	 	4,228  	  	 	 	7  	  	 	 	0.67  	  	 	 	4,506  	  	 	 	8  	  	 	 	0.88  	  	 	 	(278) 	  	 	 	(0.21) 	  	 	 	(1,192) 	  	 	 	(0.18) 	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total loans	 	 	114,930  	  	 	 	1,362  	  	 	 	4.70  	  	 	 	113,322  	  	 	 	1,355  	  	 	 	4.74  	  	 	 	1,608  	  	 	 	(0.04) 	  	 	 	(106) 	  	 	 	(0.05) 	  	
Securities available for sale:	 				 				 				 				 				 				 				 				 				 				
Taxable	 	 	25,702  	  	 	 	196  	  	 	 	3.05  	  	 	 	25,502  	  	 	 	208  	  	 	 	3.26  	  	 	 	200  	  	 	 	(0.21) 	  	 	 	2,363  	  	 	 	(0.51) 	  	
Tax-exempt - FTE  1	 	 	627  	  	 	 	8  	  	 	 	5.27  	  	 	 	732  	  	 	 	10  	  	 	 	5.26  	  	 	 	(105) 	  	 	 	0.01 	  	 	 	(325) 	  	 	 	(0.14) 	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total securities available for sale - FTE 1	 	 	26,329  	  	 	 	204  	  	 	 	3.11  	  	 	 	26,234  	  	 	 	218  	  	 	 	3.32  	  	 	 	95  	  	 	 	(0.21) 	  	 	 	2,038  	  	 	 	(0.52) 	  	
Funds sold and securities purchased under agreements to resell	 	 	964  	  	 	 	-  	  	 	 	0.02  	  	 	 	1,021  	  	 	 	-  	  	 	 	0.08  	  	 	 	(57) 	  	 	 	(0.06) 	  	 	 	269  	  	 	 	(0.16) 	  	
Loans held for sale	 	 	3,312  	  	 	 	35  	  	 	 	4.17  	  	 	 	3,276  	  	 	 	35  	  	 	 	4.33  	  	 	 	36  	  	 	 	(0.16) 	  	 	 	(621) 	  	 	 	(0.02) 	  	
Interest-bearing deposits	 	 	25  	  	 	 	-  	  	 	 	0.14  	  	 	 	25  	  	 	 	-  	  	 	 	0.10  	  	 	 	-  	  	 	 	0.04  	  	 	 	1  	  	 	 	(0.22) 	  	
Interest earning trading assets	 	 	3,554  	  	 	 	22  	  	 	 	2.43  	  	 	 	3,371  	  	 	 	24  	  	 	 	2.75  	  	 	 	183  	  	 	 	(0.32) 	  	 	 	946 	  	 	 	(0.82) 	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total earning assets	 	 	149,114  	  	 	 	1,623  	  	 	 	4.32  	  	 	 	147,249  	  	 	 	1,632  	  	 	 	4.40  	  	 	 	1,865  	  	 	 	(0.08) 	  	 	 	2,527  	  	 	 	(0.17) 	  	
Allowance for loan and lease losses	 	 	(2,958) 	  	 				 				 	 	(3,035) 	  	 				 				 	 	77  	  	 				 	 	(22) 	  	 				
Cash and due from banks	 	 	4,889  	  	 				 				 	 	4,200  	  	 				 				 	 	689  	  	 				 	 	(2,768) 	  	 				
Other assets	 	 	17,929  	  	 				 				 	 	18,019  	  	 				 				 	 	(90) 	  	 				 	 	281  	  	 				
Noninterest earning trading assets	 	 	3,130  	  	 				 				 	 	3,171  	  	 				 				 	 	(41) 	  	 				 	 	31  	  	 				
Unrealized gains on securities
available for sale, net	 	 	2,664  	  	 				 				 	 	2,395  	  	 				 				 	 	269  	  	 				 	 	678  	  	 				
	 	 	 	 	 				 				 	 	 	 	 				 				 	 	 	 	 				 	 	 	 	 				
Total assets	 	 	$174,768  	  	 				 				 	 	$171,999  	  	 				 				 	 	$2,769  	  	 				 	 	$727  	  	 				

LIABILITIES AND SHAREHOLDERS’ EQUITY	  	
Interest-bearing deposits:	 				 				 				 				 				 				 				 				 				 				
NOW accounts	 	 	$24,637  	  	 	 	$12  	  	 	 	0.20  	% 	 	 	$23,514  	  	 	 	$13  	  	 	 	0.23  	% 	 	 	$1,123  	  	 	 	(0.03) 	% 	 	 	($1,737) 	  	 	 	(0.15) 	% 	
Money market accounts	 	 	41,711  	  	 	 	53  	  	 	 	0.50  	  	 	 	39,839  	  	 	 	57  	  	 	 	0.57  	  	 	 	1,872  	  	 	 	(0.07) 	  	 	 	7,393  	  	 	 	(0.22) 	  	
Savings	 	 	4,087  	  	 	 	2  	  	 	 	0.19  	  	 	 	4,074  	  	 	 	3  	  	 	 	0.22  	  	 	 	13  	  	 	 	(0.03) 	  	 	 	273  	  	 	 	(0.06) 	  	
Consumer time	 	 	13,360  	  	 	 	57  	  	 	 	1.68  	  	 	 	14,381  	  	 	 	68  	  	 	 	1.87  	  	 	 	(1,021) 	  	 	 	(0.19) 	  	 	 	(2,189)  	  	 	 	(0.65) 	  	
Other time	 	 	8,045  	  	 	 	37  	  	 	 	1.85  	  	 	 	8,914  	  	 	 	45  	  	 	 	2.02  	  	 	 	(869) 	  	 	 	(0.17) 	  	 	 	(3,856) 	  	 	 	(0.63) 	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total interest-bearing consumer
and commercial deposits	 	 	91,840  	  	 	 	161  	  	 	 	0.70  	  	 	 	90,722  	  	 	 	186  	  	 	 	0.81  	  	 	 	1,118  	  	 	 	(0.11) 	  	 	 	(116) 	  	 	 	(0.40) 	  	
Brokered deposits	 	 	2,411  	  	 	 	27  	  	 	 	4.36  	  	 	 	2,418  	  	 	 	28  	  	 	 	4.53  	  	 	 	(7) 	  	 	 	(0.17) 	  	 	 	(2,193) 	  	 	 	1.97  	  	
Foreign deposits	 	 	416  	  	 	 	-  	  	 	 	0.15  	  	 	 	322  	  	 	 	-  	  	 	 	0.15  	  	 	 	94  	  	 	 	-  	  	 	 	(125) 	  	 	 	0.05  	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total interest-bearing deposits	 	 	94,667  	  	 	 	188  	  	 	 	0.79  	  	 	 	93,462  	  	 	 	214  	  	 	 	0.91  	  	 	 	1,205  	  	 	 	(0.12) 	  	 	 	(2,434) 	  	 	 	(0.36) 	  	
Funds purchased	 	 	1,092  	  	 	 	1  	  	 	 	0.19  	  	 	 	1,176  	  	 	 	1  	  	 	 	0.20  	  	 	 	(84) 	  	 	 	(0.01) 	  	 	 	(335) 	  	 	 	0.03  	  	
Securities sold under agreements to repurchase	 	 	2,541  	  	 	 	1  	  	 	 	0.17  	  	 	 	2,505  	  	 	 	1  	  	 	 	0.16  	  	 	 	36  	  	 	 	0.01  	  	 	 	576  	  	 	 	0.05  	  	
Interest-bearing trading liabilities	 	 	812  	  	 	 	7  	  	 	 	3.55  	  	 	 	917  	  	 	 	9  	  	 	 	3.61  	  	 	 	(105) 	  	 	 	(0.06) 	  	 	 	383  	  	 	 	(0.59) 	  	
Other short-term borrowings	 	 	3,464  	  	 	 	4  	  	 	 	0.40  	  	 	 	3,192  	  	 	 	3  	  	 	 	0.40  	  	 	 	272  	  	 	 	-  	  	 	 	1,752  	  	 	 	(0.29) 	  	
Long-term debt	 	 	14,914  	  	 	 	128  	  	 	 	3.41  	  	 	 	15,396  	  	 	 	138  	  	 	 	3.56  	  	 	 	(482) 	  	 	 	(0.15) 	  	 	 	(2,778) 	  	 	 	(0.23) 	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total interest-bearing liabilities	 	 	117,490  	  	 	 	329  	  	 	 	1.11  	  	 	 	116,648  	  	 	 	366  	  	 	 	1.24  	  	 	 	842  	  	 	 	(0.13) 	  	 	 	(2,836) 	  	 	 	(0.38) 	  	
Noninterest-bearing deposits	 	 	27,848  	  	 				 				 	 	26,511  	  	 				 				 	 	1,337  	  	 				 	 	2,796  	  	 				
Other liabilities	 	 	4,045  	  	 				 				 	 	3,891  	  	 				 				 	 	154  	  	 				 	 	(274) 	  	 				
Noninterest-bearing trading liabilities	 	 	1,809  	  	 				 				 	 	1,858  	  	 				 				 	 	(49) 	  	 				 	 	(154) 	  	 				
Shareholders’ equity	 	 	23,576  	  	 				 				 	 	23,091  	  	 				 				 	 	485  	  	 				 	 	1,195  	  	 				
	 	 	 	 	 				 				 	 	 	 	 				 				 	 	 	 	 				 	 	 	 	 				
Total liabilities and shareholders’ equity	 	 	$174,768  	  	 				 				 	 	$171,999  	  	 				 				 	 	$2,769  	  	 				 	 	$727  	  	 				

	 				 				 	 	 	 	 				 				 	 	 	 	 				 	 	 	 	 				 	 	 	 	
Interest Rate Spread	 				 				 	 	3.21  	% 	 				 				 	 	3.16  	% 	 				 	 	0.05  	% 	 				 	 	0.21  	% 	

	 				 	 	 	 	 				 				 	 	 	 	 				 				 				 				 				
Net Interest Income - FTE 1	 				 	 	$1,294  	  	 				 				 	 	$1,266  	  	 				 				 				 				 				

Net Interest Margin 2	 				 				 	 	3.44  	% 	 				 				 	 	3.41  	% 	 				 	 	0.03  	% 	 				 	 	0.17	% 	

 

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.	
3	Accruing TDRs were classified in Nonaccrual during prior periods. Due to sustained performance, accruing TDRs have been reclassified to the applicable loans category where the related interest income is being classified in all periods presented.	
 
Page 7

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

 	 	
 	 	Three Months Ended	 	
 	 	June 30, 2010	 	 	March 31, 2010	 	 	December 31, 2009	 	
										
 	 	 Average
 Balances	 	 	Interest
Income/
  Expense 	 	 	 Yields/ 
Rates	 	 	Average
 Balances 	 	 	Interest
Income/
 Expense 	 	 	 Yields/ 
Rates	 	 	Average
 Balances 	 	 	Interest
Income/
 Expense 	 	 	 Yields/ 
Rates	 	
ASSETS	 				 				 				 				 				 				 				 				 				
Loans:	 				 				 				 				 				 				 				 				 				
Real estate residential mortgage 1-4 family	 	 	$28,638  	  	 	 	$393  	  	 	 	5.49	 % 	 	 	$28,535  	  	 	 	$397  	  	 	 	5.56	 % 	 	 	$28,677  	  	 	 	$410  	  	 	 	5.72	 % 	
Real estate construction	 	 	3,274  	  	 	 	30  	  	 	 	3.67	  	 	 	4,078  	  	 	 	34  	  	 	 	3.44	  	 	 	4,753  	  	 	 	41  	  	 	 	3.38	  	
Real estate home equity lines	 	 	14,973  	  	 	 	126  	  	 	 	3.37	  	 	 	15,157  	  	 	 	125  	  	 	 	3.33	  	 	 	15,420  	  	 	 	129  	  	 	 	3.32	  	
Real estate commercial	 	 	15,091  	  	 	 	154  	  	 	 	4.09	  	 	 	15,105  	  	 	 	151  	  	 	 	4.05	  	 	 	15,357  	  	 	 	157  	  	 	 	4.04	  	
Commercial - FTE 1	 	 	32,503  	  	 	 	447  	  	 	 	5.52	  	 	 	33,094  	  	 	 	449  	  	 	 	5.50	  	 	 	32,707  	  	 	 	454  	  	 	 	5.51	  	
Credit card	 	 	1,064  	  	 	 	23  	  	 	 	8.45	  	 	 	1,067  	  	 	 	23  	  	 	 	8.69	  	 	 	995  	  	 	 	19  	  	 	 	7.77	  	
Consumer - direct	 	 	5,544  	  	 	 	60  	  	 	 	4.32	  	 	 	5,254  	  	 	 	53  	  	 	 	4.11	  	 	 	5,071  	  	 	 	51  	  	 	 	3.97	  	
Consumer - indirect	 	 	6,946  	  	 	 	101  	  	 	 	5.86	  	 	 	6,697  	  	 	 	101  	  	 	 	6.10	  	 	 	6,636  	  	 	 	104  	  	 	 	6.22	  	
Nonaccrual 3	 	 	4,983  	  	 	 	11  	  	 	 	0.86	  	 	 	5,448  	  	 	 	11  	  	 	 	0.83	  	 	 	5,420  	  	 	 	12  	  	 	 	0.85	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total loans	 	 	113,016  	  	 	 	1,345  	  	 	 	4.77	  	 	 	114,435  	  	 	 	1,344  	  	 	 	4.76	  	 	 	115,036  	  	 	 	1,377  	  	 	 	4.75	  	
Securities available for sale:	 				 				 				 				 				 				 				 				 				
Taxable	 	 	23,977  	  	 	 	186  	  	 	 	3.11	  	 	 	24,779  	  	 	 	195  	  	 	 	3.15	  	 	 	23,339  	  	 	 	207  	  	 	 	3.56	  	
Tax-exempt - FTE 1	 	 	866  	  	 	 	12  	  	 	 	5.39	  	 	 	910  	  	 	 	12  	  	 	 	5.40	  	 	 	952  	  	 	 	13  	  	 	 	5.41	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total securities available for sale - FTE 1	 	 	24,843  	  	 	 	198  	  	 	 	3.19	  	 	 	25,689  	  	 	 	207  	  	 	 	3.23	  	 	 	24,291  	  	 	 	220  	  	 	 	3.63	  	
Funds sold and securities purchased under
agreements to resell	 	 	1,009  	  	 	 	-  	  	 	 	0.11	  	 	 	882  	  	 	 	-  	  	 	 	0.11	  	 	 	695  	  	 	 	-  	  	 	 	0.18	  	
Loans held for sale	 	 	3,342  	  	 	 	33  	  	 	 	3.97	  	 	 	3,248  	  	 	 	33  	  	 	 	4.09	  	 	 	3,933  	  	 	 	41  	  	 	 	4.19	  	
Interest-bearing deposits	 	 	27  	  	 	 	-  	  	 	 	0.17	  	 	 	26  	  	 	 	-  	  	 	 	0.28	  	 	 	24  	  	 	 	-  	  	 	 	0.36	  	
Interest earning trading assets	 	 	3,227  	  	 	 	24  	  	 	 	3.03	  	 	 	2,616  	  	 	 	20  	  	 	 	3.07	  	 	 	2,608  	  	 	 	22  	  	 	 	3.25	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total earning assets	 	 	145,464  	  	 	 	1,600  	  	 	 	4.41	  	 	 	146,896  	  	 	 	1,604  	  	 	 	4.43	  	 	 	146,587  	  	 	 	1,660  	  	 	 	4.49	  	
Allowance for loan and lease losses	 	 	(3,107) 	  	 				 				 	 	(3,083) 	  	 				 				 	 	(2,936) 	  	 				 				
Cash and due from banks	 	 	5,788  	  	 				 				 	 	4,408  	  	 				 				 	 	7,657  	  	 				 				
Other assets	 	 	18,450  	  	 				 				 	 	18,690  	  	 				 				 	 	17,648  	  	 				 				
Noninterest earning trading assets	 	 	2,709  	  	 				 				 	 	2,634  	  	 				 				 	 	3,099  	  	 				 				
Unrealized gains on securities
available for sale, net	 	 	1,969  	  	 				 				 	 	1,884  	  	 				 				 	 	1,986  	  	 				 				
	 	 	 	 	 				 				 	 	 	 	 				 				 	 	 	 	 				 				
Total assets	 	 	  $171,273  	  	 				 				 	 	  $171,429  	  	 				 				 	 	  $174,041  	  	 				 				

LIABILITIES AND SHAREHOLDERS’ EQUITY	  	 				 				 				 				 				 				 				 				
Interest-bearing deposits:	 				 				 				 				 				 				 				 				 				
NOW accounts	 	 	$24,949  	  	 	 	$16  	  	 	 	0.25	 % 	 	 	$25,593  	  	 	 	$17  	  	 	 	0.27	 % 	 	 	$26,374  	  	 	 	$23  	  	 	 	0.35	 % 	
Money market accounts	 	 	37,703  	  	 	 	57  	  	 	 	0.61	  	 	 	36,250  	  	 	 	61  	  	 	 	0.67	  	 	 	34,318  	  	 	 	63  	  	 	 	0.72	  	
Savings	 	 	4,093  	  	 	 	2  	  	 	 	0.22	  	 	 	3,856  	  	 	 	2  	  	 	 	0.24	  	 	 	3,814  	  	 	 	2  	  	 	 	0.25	  	
Consumer time	 	 	14,779  	  	 	 	72  	  	 	 	1.96	  	 	 	14,417  	  	 	 	70  	  	 	 	1.97	  	 	 	15,549  	  	 	 	91  	  	 	 	2.33	  	
Other time	 	 	9,445  	  	 	 	50  	  	 	 	2.11	  	 	 	10,448  	  	 	 	56  	  	 	 	2.18	  	 	 	11,901  	  	 	 	75  	  	 	 	2.48	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total interest-bearing consumer
and commercial deposits	 	 	90,969  	  	 	 	197  	  	 	 	0.87	  	 	 	90,564  	  	 	 	206  	  	 	 	0.92	  	 	 	91,956  	  	 	 	254  	  	 	 	1.10	  	
Brokered deposits	 	 	2,416  	  	 	 	28  	  	 	 	4.57	  	 	 	3,005  	  	 	 	27  	  	 	 	3.61	  	 	 	4,604  	  	 	 	28  	  	 	 	2.39	  	
Foreign deposits	 	 	254  	  	 	 	-  	  	 	 	0.11	  	 	 	428  	  	 	 	-  	  	 	 	0.10	  	 	 	541  	  	 	 	-  	  	 	 	0.10	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total interest-bearing deposits	 	 	93,639  	  	 	 	225  	  	 	 	0.96	  	 	 	93,997  	  	 	 	233  	  	 	 	1.01	  	 	 	97,101  	  	 	 	282  	  	 	 	1.15	  	
Funds purchased	 	 	1,224  	  	 	 	1  	  	 	 	0.18	  	 	 	1,416  	  	 	 	1  	  	 	 	0.17	  	 	 	1,427  	  	 	 	1  	  	 	 	0.16	  	
Securities sold under agreements to repurchase	 	 	2,632  	  	 	 	1  	  	 	 	0.14	  	 	 	1,980  	  	 	 	-  	  	 	 	0.10	  	 	 	1,965  	  	 	 	1  	  	 	 	0.12	  	
Interest-bearing trading liabilities	 	 	868  	  	 	 	8  	  	 	 	3.76	  	 	 	736  	  	 	 	6  	  	 	 	3.38	  	 	 	429  	  	 	 	4  	  	 	 	4.14	  	
Other short-term borrowings	 	 	2,537  	  	 	 	3  	  	 	 	0.48	  	 	 	2,853  	  	 	 	3  	  	 	 	0.45	  	 	 	1,712  	  	 	 	3  	  	 	 	0.69	  	
Long-term debt	 	 	16,529  	  	 	 	154  	  	 	 	3.75	  	 	 	17,581  	  	 	 	159  	  	 	 	3.66	  	 	 	17,692  	  	 	 	162  	  	 	 	3.64	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total interest-bearing liabilities	 	 	117,429  	  	 	 	392  	  	 	 	1.34	  	 	 	118,563  	  	 	 	402  	  	 	 	1.38	  	 	 	120,326  	  	 	 	453  	  	 	 	1.49	  	
Noninterest-bearing deposits	 	 	25,491  	  	 				 				 	 	24,520  	  	 				 				 	 	25,052  	  	 				 				
Other liabilities	 	 	4,240  	  	 				 				 	 	4,222  	  	 				 				 	 	4,319  	  	 				 				
Noninterest-bearing trading liabilities	 	 	1,800  	  	 				 				 	 	1,786  	  	 				 				 	 	1,963  	  	 				 				
Shareholders’ equity	 	 	22,313  	  	 				 				 	 	22,338  	  	 				 				 	 	22,381  	  	 				 				
	 	 	 	 	 				 				 	 	 	 	 				 				 	 	 	 	 				 				
Total liabilities and shareholders’ equity	 	 	  $171,273  	  	 				 				 	 	  $171,429  	  	 				 				 	 	  $174,041  	  	 				 				
	 	 	 	 	 				 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				 	 	 	 	
Interest Rate Spread	 				 				 	 	3.07	 % 	 				 				 	 	3.05	 % 	 				 				 	 	3.00	 % 	
	 				 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	
Net Interest Income - FTE 1	 				 	 	  $1,208  	  	 				 				 	 	  $1,202  	  	 				 				 	 	  $1,207  	  	 				
	 				 	 	 	 	 				 				 	 	 	 	 				 				 	 	 	 	 				
Net Interest Margin 2	 				 				 	 	3.33	 % 	 				 				 	 	3.32	 % 	 				 				 	 	3.27	 % 	

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.	
3	Accruing TDRs were classified in Nonaccrual during prior periods. Due to sustained performance, accruing TDRs have been reclassified to the applicable loans category where the related interest income is being classified in all periods presented.	
 
Page 8

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

 	 	 				  				
 	  	Twelve Months Ended	 	 	Increase/(Decrease) From	 	
 	  	December 31, 2010	 	 	December 31, 2009	 	 	Prior Year	 	
									
 	  	Average
 Balances 	 	  	Interest
Income/
 Expense 	 	  	Yields/
 Rates 	 	 	Average
 Balances 	 	  	Interest
Income/
 Expense 	 	  	Yields/
 Rates 	 	 	Average
 Balances 	 	  	Yields/
 Rates 	 	
ASSETS	  				  				  				 				  				  				 				  				
Loans:	  				  				  				 				  				  				 				  				
Real estate residential mortgage 1-4 family	  	 	$29,058  	  	  	 	$1,553  	  	  	 	5.35	% 	 	 	$29,588  	  	  	 	$1,723  	  	  	 	5.82	 % 	 	 	($530) 	  	  	 	(0.47) 	% 	
Real estate construction	  	 	3,402  	  	  	 	126  	  	  	 	3.69	  	 	 	5,991  	  	  	 	198  	  	  	 	3.31	  	 	 	(2,589) 	  	  	 	0.38  	  	
Real estate home equity lines	  	 	14,912  	  	  	 	503  	  	  	 	3.37	  	 	 	15,685  	  	  	 	523  	  	  	 	3.34	  	 	 	(773) 	  	  	 	0.03  	  	
Real estate commercial	  	 	14,578  	  	  	 	593  	  	  	 	4.07	  	 	 	15,573  	  	  	 	639  	  	  	 	4.11	  	 	 	(995) 	  	  	 	(0.04) 	  	
Commercial - FTE 1	  	 	32,788  	  	  	 	1,828  	  	  	 	5.57	  	 	 	36,458  	  	  	 	1,820  	  	  	 	4.99	  	 	 	(3,670) 	  	  	 	0.58  	  	
Credit Card	  	 	1,058  	  	  	 	89  	  	  	 	8.39	  	 	 	984  	  	  	 	74  	  	  	 	7.47	  	 	 	74  	  	  	 	0.92  	  	
Consumer - direct	  	 	5,812  	  	  	 	251  	  	  	 	4.32	  	 	 	5,101  	  	  	 	207  	  	  	 	4.06	  	 	 	711  	  	  	 	0.26  	  	
Consumer - indirect	  	 	7,530  	  	  	 	423  	  	  	 	5.62	  	 	 	6,594  	  	  	 	418  	  	  	 	6.34	  	 	 	936  	  	  	 	(0.72) 	  	
Nonaccrual 3	  	 	4,787  	  	  	 	39  	  	  	 	0.81	  	 	 	5,067  	  	  	 	36  	  	  	 	0.72	  	 	 	(280) 	  	  	 	0.09  	  	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Total loans	  	 	113,925  	  	  	 	5,405  	  	  	 	4.74	  	 	 	121,041  	  	  	 	5,638  	  	  	 	4.66	  	 	 	(7,116) 	  	  	 	0.08  	  	
Securities available for sale:	  				  				  				 				  				  				 				  				
Taxable	  	 	24,994  	  	  	 	785  	  	  	 	3.14	  	 	 	18,960  	  	  	 	790  	  	  	 	4.17	  	 	 	6,034  	  	  	 	(1.03) 	  	
Tax-exempt - FTE 1	  	 	783  	  	  	 	42  	  	  	 	5.34	  	 	 	1,003  	  	  	 	55  	  	  	 	5.46	  	 	 	(220) 	  	  	 	(0.12) 	  	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Total securities available for sale - FTE 1	  	 	25,777  	  	  	 	827  	  	  	 	3.21	  	 	 	19,963  	  	  	 	845  	  	  	 	4.23	  	 	 	5,814  	  	  	 	(1.02) 	  	
Funds sold and securities purchased under
agreements to resell	  	 	969  	  	  	 	1  	  	  	 	0.08	  	 	 	794  	  	  	 	2  	  	  	 	0.27	  	 	 	175  	  	  	 	(0.19) 	  	
Loans held for sale	  	 	3,295  	  	  	 	136  	  	  	 	4.14	  	 	 	5,228  	  	  	 	233  	  	  	 	4.45	  	 	 	(1,933) 	  	  	 	(0.31) 	  	
Interest-bearing deposits	  	 	26  	  	  	 	-  	  	  	 	0.17	  	 	 	25  	  	  	 	-  	  	  	 	0.91	  	 	 	1  	  	  	 	(0.74) 	  	
Interest earning trading assets	  	 	3,195  	  	  	 	90  	  	  	 	2.79	  	 	 	3,857  	  	  	 	115  	  	  	 	2.99	  	 	 	(662) 	  	  	 	(0.20) 	  	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Total earning assets	  	 	147,187  	  	  	 	6,459  	  	  	 	4.39	  	 	 	150,908  	  	  	 	6,833  	  	  	 	4.53	  	 	 	(3,721) 	  	  	 	(0.14) 	  	
Allowance for loan and lease losses	  	 	(3,045) 	  	  				  				 	 	(2,706) 	  	  				  				 	 	(339) 	  	  				
Cash and due from banks	  	 	4,821  	  	  				  				 	 	4,844  	  	  				  				 	 	(23) 	  	  				
Other assets	  	 	18,268  	  	  				  				 	 	17,355  	  	  				  				 	 	913  	  	  				
Noninterest earning trading assets	  	 	2,913  	  	  				  				 	 	3,429  	  	  				  				 	 	(516) 	  	  				
Unrealized gains on securities
     available for sale, net	  	 	2,231  	  	  				  				 	 	1,612  	  	  				  				 	 	619  	  	  				
	  	 	 	 	  				  				 	 	 	 	  				  				 	 	 	 	  				
Total assets	  	 	$172,375  	  	  				  				 	 	$175,442  	  	  				  				 	 	($3,067) 	  	  				

LIABILITIES AND SHAREHOLDERS’ EQUITY	  				  				  				 				  				  				 				  				
Interest-bearing deposits:	  				  				  				 				  				  				 				  				
NOW accounts	  	 	$24,668  	  	  	 	$58  	  	  	 	0.24	 % 	 	 	$23,601  	  	  	 	$99  	  	  	 	0.42	 % 	 	 	$1,067  	  	  	 	(0.18) 	% 	
Money market accounts	  	 	38,893  	  	  	 	227  	  	  	 	0.58	  	 	 	31,864  	  	  	 	315  	  	  	 	0.99	  	 	 	7,029  	  	  	 	(0.41) 	  	
Savings	  	 	4,028  	  	  	 	9  	  	  	 	0.22	  	 	 	3,664  	  	  	 	10  	  	  	 	0.27	  	 	 	364  	  	  	 	(0.05) 	  	
Consumer time	  	 	14,232  	  	  	 	267  	  	  	 	1.87	  	 	 	16,718  	  	  	 	479  	  	  	 	2.87	  	 	 	(2,486) 	  	  	 	(1.00) 	  	
Other time	  	 	9,205  	  	  	 	189  	  	  	 	2.05	  	 	 	13,068  	  	  	 	382  	  	  	 	2.92	  	 	 	(3,863) 	  	  	 	(0.87) 	  	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Total interest-bearing consumer
and commercial deposits	  	 	91,026  	  	  	 	750  	  	  	 	0.82	  	 	 	88,915  	  	  	 	1,285  	  	  	 	1.45	  	 	 	2,111  	  	  	 	(0.63) 	  	
Brokered deposits	  	 	2,561  	  	  	 	110  	  	  	 	4.29	  	 	 	5,648  	  	  	 	154  	  	  	 	2.69	  	 	 	(3,087) 	  	  	 	1.60  	  	
Foreign deposits	  	 	355  	  	  	 	-  	  	  	 	0.13	  	 	 	434  	  	  	 	1  	  	  	 	0.12	  	 	 	(79) 	  	  	 	0.01  	  	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Total interest-bearing deposits	  	 	93,942  	  	  	 	860  	  	  	 	0.92	  	 	 	94,997  	  	  	 	1,440  	  	  	 	1.52	  	 	 	(1,055) 	  	  	 	(0.60) 	  	
Funds purchased	  	 	1,226  	  	  	 	2  	  	  	 	0.19	  	 	 	1,670  	  	  	 	3  	  	  	 	0.19	  	 	 	(444) 	  	  	 	-  	  	
Securities sold under agreements to repurchase	  	 	2,416  	  	  	 	4  	  	  	 	0.15	  	 	 	2,483  	  	  	 	5  	  	  	 	0.18	  	 	 	(67) 	  	  	 	(0.03) 	  	
Interest-bearing trading liabilities	  	 	833  	  	  	 	30  	  	  	 	3.58	  	 	 	487  	  	  	 	20  	  	  	 	4.14	  	 	 	346  	  	  	 	(0.56) 	  	
Other short-term borrowings	  	 	3,014  	  	  	 	13  	  	  	 	0.43	  	 	 	2,704  	  	  	 	15  	  	  	 	0.54	  	 	 	310  	  	  	 	(0.11) 	  	
Long-term debt	  	 	16,096  	  	  	 	580  	  	  	 	3.60	  	 	 	20,119  	  	  	 	761  	  	  	 	3.78	  	 	 	(4,023) 	  	  	 	(0.18) 	  	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Total interest-bearing liabilities	  	 	117,527  	  	  	 	1,489  	  	  	 	1.27	  	 	 	122,460  	  	  	 	2,244  	  	  	 	1.83	  	 	 	(4,933) 	  	  	 	(0.56) 	  	
Noninterest-bearing deposits	  	 	26,103  	  	  				  				 	 	24,249  	  	  				  				 	 	1,854 	  	  				
Other liabilities	  	 	4,097  	  	  				  				 	 	4,387  	  	  				  				 	 	(290) 	  	  				
Noninterest-bearing trading liabilities	  	 	1,814  	  	  				  				 	 	2,060  	  	  				  				 	 	(246) 	  	  				
Shareholders’ equity	  	 	22,834  	  	  				  				 	 	22,286  	  	  				  				 	 	548  	  	  				
	  	 	 	 	  				  				 	 	 	 	  				  				 	 	 	 	  				
Total liabilities and shareholders’ equity	  	 	$172,375  	  	  				  				 	 	$175,442  	  	  				  				 	 	($3,067) 	  	  				
	  	 	 	 	  				  	 	 	 	 	 	 	 	  				  	 	 	 	 	 	 	 	  	 	 	 	
Interest Rate Spread	  				  				  	 	3.12	 % 	 				  				  	 	2.70	 % 	 				  	 	0.42 	% 	
	  				  	 	 	 	  	 	 	 	 				  	 	 	 	  	 	 	 	 				  	 	 	 	
Net Interest Income - FTE 1	  				  	 	$4,970  	  	  				 				  	 	$4,589  	  	  				 				  				
	  				  	 	 	 	  				 				  	 	 	 	  				 				  				
Net Interest Margin 2	  				  				  	 	3.38	 % 	 				  				  	 	3.04	 % 	 				  	 	0.34 	% 	

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 net interest income - FTE by average total earning assets.	
3	Accruing TDRs were classified in Nonaccrual during prior periods. Due to sustained performance, accruing TDRs have been reclassified to the applicable loans category where the related interest income is being classified in all periods presented.	
 
Page 9

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

																																	
 	  	Three Months Ended	 	 	Twelve Months Ended	 	
 	  	December 31	 	 	Increase/(Decrease)	 	 	December 31	 	 	Increase/(Decrease)	 	
 	  	2010	 	 	2009	 	 	Amount	 	 	% 1	 	 	2010	 	 	2009	 	 	Amount	 	 	% 1	 	
CREDIT DATA	  				 				 				 				 				 				 				 				
Allowance for credit losses - beginning	  	 	$3,141  	  	 	 	$3,082  	  	 	 	$59  	  	 	 	2  	 % 	 	 	$3,235  	  	 	 	$2,379  	  	 	 	$856  	  	 	 	36  	 % 	
Provision for loan losses	  	 	509  	  	 	 	917  	  	 	 	(408) 	  	 	 	(44) 	  	 	 	2,708  	  	 	 	4,007  	  	 	 	(1,299) 	  	 	 	(32) 	  	
Provision for unfunded commitments	  	 	3  	  	 	 	57  	  	 	 	(54) 	  	 	 	(95) 	  	 	 	(57) 	  	 	 	87  	  	 	 	(144) 	  	 	 	NM  	  	
Charge-offs	  				 				 				 				 				 				 				 				
Commercial	  	 	(104) 	  	 	 	(111) 	  	 	 	(7) 	  	 	 	(6) 	  	 	 	(386) 	  	 	 	(613) 	  	 	 	(227) 	  	 	 	(37) 	  	
Real estate:	  				 				 				 				 				 				 				 				
Home equity lines	  	 	(138) 	  	 	 	(168) 	  	 	 	(30) 	  	 	 	(18) 	  	 	 	(591) 	  	 	 	(715) 	  	 	 	(124) 	  	 	 	(17) 	  	
Construction	  	 	(80) 	  	 	 	(180) 	  	 	 	(100) 	  	 	 	(56) 	  	 	 	(447) 	  	 	 	(507) 	  	 	 	(60) 	  	 	 	(12) 	  	
Residential mortgages	  	 	(252) 	  	 	 	(336) 	  	 	 	(84) 	  	 	 	(25) 	  	 	 	(1,281) 	  	 	 	(1,236) 	  	 	 	45  	  	 	 	4  	  	
Commercial real estate	  	 	(39) 	  	 	 	(3) 	  	 	 	36  	  	 	 	NM  	  	 	 	(92) 	  	 	 	(32) 	  	 	 	60  	  	 	 	NM  	  	
Consumer:	  				 				 				 				 				 				 				 				
Direct	  	 	(12) 	  	 	 	(14) 	  	 	 	(2) 	  	 	 	(14) 	  	 	 	(50) 	  	 	 	(57) 	  	 	 	(7) 	  	 	 	(12) 	  	
Indirect	  	 	(21) 	  	 	 	(35) 	  	 	 	(14) 	  	 	 	(40) 	  	 	 	(84) 	  	 	 	(152) 	  	 	 	(68) 	  	 	 	(45) 	  	
Credit cards	  	 	(17) 	  	 	 	(22) 	  	 	 	(5) 	  	 	 	(23) 	  	 	 	(87) 	  	 	 	(86) 	  	 	 	1  	  	 	 	1  	  	
	  	 	 	 	 	 	 	 	 				 				 	 	 	 	 	 	 	 	 				 				
Total charge-offs	  	 	(663) 	  	 	 	(869) 	  	 	 	(206) 	  	 	 	(24) 	  	 	 	(3,018) 	  	 	 	(3,398) 	  	 	 	(380) 	  	 	 	(11) 	  	

Recoveries	  				 				 				 				 				 				 				 				
Commercial	  	 	11  	  	 	 	15  	  	 	 	(4) 	  	 	 	(27) 	  	 	 	46  	  	 	 	40  	  	 	 	6  	  	 	 	15  	  	
Real estate:	  				 				 				 				 				 				 				 				
Home equity lines	  	 	9  	  	 	 	13  	  	 	 	(4) 	  	 	 	(31) 	  	 	 	40  	  	 	 	30  	  	 	 	10  	  	 	 	33  	  	
Construction	  	 	4  	  	 	 	1  	  	 	 	3  	  	 	 	NM  	  	 	 	13  	  	 	 	8  	  	 	 	5  	  	 	 	63  	  	
Residential mortgages	  	 	6  	  	 	 	6  	  	 	 	-  	  	 	 	-  	  	 	 	21  	  	 	 	18  	  	 	 	3  	  	 	 	17  	  	
Commercial real estate	  	 	1  	  	 	 	-  	  	 	 	1  	  	 	 	NM  	  	 	 	(2)  	  	 	 	4  	  	 	 	(6) 	  	 	 	NM  	  	
Consumer:	  				 				 				 				 				 				 				 				
Direct	  	 	2  	  	 	 	2  	  	 	 	-  	  	 	 	-  	  	 	 	8  	  	 	 	8  	  	 	 	-  	  	 	 	-  	  	
Indirect	  	 	7  	  	 	 	10  	  	 	 	(3) 	  	 	 	(30) 	  	 	 	33  	  	 	 	49  	  	 	 	(16) 	  	 	 	(33) 	  	
Credit cards	  	 	2  	  	 	 	1  	  	 	 	1  	  	 	 	100  	  	 	 	5  	  	 	 	3  	  	 	 	2  	  	 	 	67  	  	
	  	 	 	 	 	 	 	 	 				 				 	 	 	 	 	 	 	 	 				 				
Total recoveries	  	 	42  	  	 	 	48  	  	 	 	(6) 	  	 	 	(13) 	  	 	 	164  	  	 	 	160  	  	 	 	4  	  	 	 	3  	  	
	  	 	 	 	 	 	 	 	 				 				 	 	 	 	 	 	 	 	 				 				
Net charge-offs	  	 	(621) 	  	 	 	(821) 	  	 	 	(200) 	  	 	 	(24) 	  	 	 	(2,854) 	  	 	 	(3,238) 	  	 	 	(384) 	  	 	 	(12) 	  	
	  	 	 	 	 	 	 	 	 				 				 	 	 	 	 	 	 	 	 				 				
Allowance for credit losses - ending	  	 	  $3,032  	  	 	 	  $3,235  	  	 	 	($203) 	  	 	 	(6) 	 % 	 	 	  $3,032  	  	 	 	$3,235  	  	 	 	($203) 	  	 	 	(6) 	 % 	

Components:	  				 				 				 				 				 				 				 				
Allowance for loan and lease losses	  	 	$2,974  	  	 	 	$3,120  	  	 	 	($146) 	  	 	 	(5) 	 % 	 				 				 				 				
Unfunded commitments reserve	  	 	58  	  	 	 	115  	  	 	 	(57) 	  	 	 	(50) 	  	 				 				 				 				
	  	 	 	 	 	 	 	 	 				 				 				 				 				 				
Allowance for credit losses	  	 	$3,032  	  	 	 	$3,235  	  	 	 	($203) 	  	 	 	(6) 	 % 	 				 				 				 				
	  	 	 	 	 	 	 	 	 				 				 				 				 				 				
Net charge-offs to average loans (annualized)	  				 				 				 				 				 				 				 				
Commercial	  	 	1.11  	 % 	 	 	1.14  	 % 	 	 	(0.03) 	 % 	 	 	(3) 	 % 	 	 	1.03  	 % 	 	 	1.55  	 % 	 	 	(0.52) 	 % 	 	 	(34) 	 % 	
Real estate:	  				 				 				 				 				 				 				 				
Home equity lines	  	 	3.39  	  	 	 	3.91  	  	 	 	(0.52) 	  	 	 	(13) 	  	 	 	3.60  	  	 	 	4.29  	  	 	 	(0.69) 	  	 	 	(16) 	  	
Construction	  	 	7.40  	  	 	 	11.38  	  	 	 	(3.98) 	  	 	 	(35) 	  	 	 	10.72  	  	 	 	6.76  	  	 	 	3.96  	  	 	 	59  	  	
Residential mortgages	  	 	3.09  	  	 	 	4.35  	  	 	 	(1.26) 	  	 	 	(29) 	  	 	 	3.91  	  	 	 	3.89  	  	 	 	0.02  	  	 	 	1  	  	
Commercial real estate	  	 	1.04  	  	 	 	0.06  	  	 	 	0.98  	  	 	 	NM  	  	 	 	0.63  	  	 	 	0.17  	  	 	 	0.46  	  	 	 	NM  	  	
Consumer:	  				 				 				 				 				 				 				 				
Direct	  	 	0.60  	  	 	 	0.96  	  	 	 	(0.36) 	  	 	 	(37) 	  	 	 	0.72  	  	 	 	0.96  	  	 	 	(0.24) 	  	 	 	(25) 	  	
Indirect	  	 	0.64  	  	 	 	1.50  	  	 	 	(0.86) 	  	 	 	(57) 	  	 	 	0.68  	  	 	 	1.56  	  	 	 	(0.88) 	  	 	 	(57) 	  	
Credit cards	  	 	5.65  	  	 	 	8.51  	  	 	 	(2.86) 	  	 	 	(34) 	  	 	 	7.74  	  	 	 	8.48  	  	 	 	(0.74) 	  	 	 	(9) 	  	
Total net charge-offs to total average loans	  	 	2.14  	  	 	 	2.83  	  	 	 	(0.69) 	  	 	 	(24) 	  	 	 	2.51  	  	 	 	2.67  	  	 	 	(0.16) 	  	 	 	(6) 	  	
									
Period Ended	  				 				 				 				 				 				 				 				
Nonaccrual/nonperforming loans	  				 				 				 				 				 				 				 				
Commercial	  	 	$259  	  	 	 	$484  	  	 	 	($225) 	  	 	 	(46) 	 % 	 				 				 				 				
Real estate:	  				 				 				 				 				 				 				 				
Home equity lines	  	 	298  	  	 	 	289  	  	 	 	9  	  	 	 	3  	  	 				 				 				 				
Construction	  	 	1,128  	  	 	 	1,484  	  	 	 	(356) 	  	 	 	(24) 	  	 				 				 				 				
Residential mortgages	  	 	1,859  	  	 	 	2,716 	  	 	 	(857) 	  	 	 	(32) 	  	 				 				 				 				
Commercial real estate	  	 	528  	  	 	 	392  	  	 	 	136  	  	 	 	35  	  	 				 				 				 				
Consumer loans	  	 	38  	  	 	 	37  	  	 	 	1  	  	 	 	3  	  	 				 				 				 				
	  	 	 	 	 	 	 	 	 				 				 				 				 				 				
Total nonaccrual/nonperforming loans	  	 	4,110  	  	 	 	5,402  	  	 	 	(1,292) 	  	 	 	(24) 	  	 				 				 				 				
Other real estate owned (“OREO”)	  	 	596  	  	 	 	620  	  	 	 	(24) 	  	 	 	(4) 	  	 				 				 				 				
Other repossessed assets	  	 	52  	  	 	 	79  	  	 	 	(27) 	  	 	 	(34) 	  	 				 				 				 				
	  	 	 	 	 	 	 	 	 				 				 				 				 				 				
Total nonperforming assets	  	 	$4,758  	  	 	 	$6,101  	  	 	 	($1,343) 	  	 	 	(22) 	 % 	 				 				 				 				

Restructured loans (accruing)	  	 	$2,613  	  	 	 	$1,641  	  	 	 	$972  	  	 	 	59  	 % 	 				 				 				 				
Total accruing loans past due 90 days or more 2	  	 	$1,565  	  	 	 	$1,500  	  	 	 	$65  	  	 	 	4  	 % 	 				 				 				 				
									
Total nonperforming loans to total loans	  	 	3.54  	 % 	 	 	4.75  	 % 	 	 	(1.21) 	 % 	 	 	(25) 	 % 	 				 				 				 				
Total nonperforming assets to total loans plus OREO,
other repossessed assets, and nonperforming LHFS	  	 	4.08  	  	 	 	5.33  	  	 	 	(1.25) 	  	 	 	(23) 	  	 				 				 				 				
Allowance to period-end loans	  	 	2.58  	  	 	 	2.76  	  	 	 	(0.18) 	  	 	 	(7) 	  	 				 				 				 				
Allowance to nonperforming loans	  	 	72.86  	  	 	 	58.86  	  	 	 	14.00  	  	 	 	24  	  	 				 				 				 				
Allowance to annualized net charge-offs	  	 	1.21  	 x 	 	 	0.96  	 x 	 	 	0.25  	 x 	 	 	26  	  	 				 				 				 				
 
1 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.
2 Total accruing loans past due 90 days or more contain loans that are guaranteed by governmental agencies. These loans were $1.4 billion and $1.3 billion at December 31, 2010 and 2009, respectively.
 
Page 10

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

																													
 	 	Three Months Ended	 	
 	 	  December 31  
2010	 	 	  September 30  
2010	 	 	Increase/(Decrease)	 	 	  June 30  
2010	 	 	  March 31  
2010	 	 	  December 31  
2009	 	
 	 			 			 	  Amount  	 	 	% 1	 	 			 			 			
CREDIT DATA	 				 				 				 				 				 				 				
Allowance for credit losses - beginning	 	 	  $3,141  	  	 	 	$3,216  	  	 	 	($75) 	  	 	 	(2) 	 % 	 	 	$3,276  	  	 	 	$3,235  	  	 	 	$3,082  	  	
Provision for loan losses	 	 	509  	  	 	 	620  	  	 	 	(111) 	  	 	 	(18) 	  	 	 	702  	  	 	 	877  	  	 	 	917  	  	
Provision for unfunded commitments	 	 	3  	  	 	 	(5) 	  	 	 	8  	  	 	 	NM  	  	 	 	(40) 	  	 	 	(15) 	  	 	 	57  	  	
Charge-offs	 				 				 				 				 				 				 				
Commercial	 	 	(104) 	  	 	 	(77) 	  	 	 	27  	  	 	 	35  	  	 	 	(98) 	  	 	 	(107) 	  	 	 	(111) 	  	
Real estate:	 				 				 				 				 				 				 				
Home equity lines	 	 	(138) 	  	 	 	(133) 	  	 	 	5  	  	 	 	4  	  	 	 	(150) 	  	 	 	(170) 	  	 	 	(168) 	  	
Construction	 	 	(80) 	  	 	 	(117) 	  	 	 	(37) 	  	 	 	(32) 	  	 	 	(155) 	  	 	 	(95) 	  	 	 	(180) 	  	
Residential mortgages	 	 	(252) 	  	 	 	(311) 	  	 	 	(59) 	  	 	 	(19) 	  	 	 	(298) 	  	 	 	(420) 	  	 	 	(336) 	  	
Commercial real estate	 	 	(39) 	  	 	 	(40) 	  	 	 	(1) 	  	 	 	(3) 	  	 	 	(13) 	  	 	 	-  	  	 	 	(3) 	  	
Consumer:	 				 				 				 				 				 				 				
Direct	 	 	(12) 	  	 	 	(10) 	  	 	 	2  	  	 	 	20  	  	 	 	(14) 	  	 	 	(14) 	  	 	 	(14) 	  	
Indirect	 	 	(21) 	  	 	 	(18) 	  	 	 	3  	  	 	 	17  	  	 	 	(18) 	  	 	 	(27) 	  	 	 	(35) 	  	
Credit cards	 	 	(17) 	  	 	 	(19) 	  	 	 	(2) 	  	 	 	(11) 	  	 	 	(22) 	  	 	 	(29) 	  	 	 	(22) 	  	
	 	 	 	 	 	 	 	 	 				 				 	 	 	 	 	 	 	 	 	 	 	 	
Total charge-offs	 	 	(663) 	  	 	 	(725) 	  	 	 	(62) 	  	 	 	(9) 	  	 	 	(768) 	  	 	 	(862) 	  	 	 	(869) 	  	

Recoveries	 				 				 				 				 				 				 				
Commercial	 	 	11  	  	 	 	13  	  	 	 	(2) 	  	 	 	(15) 	  	 	 	11  	  	 	 	11  	  	 	 	15  	  	
Real estate:	 				 				 				 				 				 				 				
Home equity lines	 	 	9  	  	 	 	8  	  	 	 	1  	  	 	 	13  	  	 	 	13  	  	 	 	10  	  	 	 	13  	  	
Construction	 	 	4  	  	 	 	-  	  	 	 	4  	  	 	 	NM  	  	 	 	5  	  	 	 	4  	  	 	 	1  	  	
Residential mortgages	 	 	6  	  	 	 	4  	  	 	 	2  	  	 	 	50  	  	 	 	5  	  	 	 	6  	  	 	 	6  	  	
Commercial real estate	 	 	1  	  	 	 	-  	  	 	 	1  	  	 	 	NM  	  	 	 	-  	  	 	 	(3) 	  	 	 	-  	  	
Consumer:	 				 				 				 				 				 				 				
Direct	 	 	2  	  	 	 	2  	  	 	 	-  	  	 	 	-  	  	 	 	2  	  	 	 	2  	  	 	 	2  	  	
Indirect	 	 	7  	  	 	 	7  	  	 	 	-  	  	 	 	-  	  	 	 	9  	  	 	 	10  	  	 	 	10  	  	
Credit cards	 	 	2  	  	 	 	1  	  	 	 	1  	  	 	 	100  	  	 	 	1  	  	 	 	1  	  	 	 	1  	  	
	 	 	 	 	 	 	 	 	 				 				 	 	 	 	 	 	 	 	 	 	 	 	
Total recoveries	 	 	42  	  	 	 	35  	  	 	 	7  	  	 	 	20  	  	 	 	46  	  	 	 	41  	  	 	 	48  	  	
	 	 	 	 	 	 	 	 	 				 				 	 	 	 	 	 	 	 	 	 	 	 	
Net charge-offs	 	 	(621) 	  	 	 	(690) 	  	 	 	(69) 	  	 	 	(10) 	  	 	 	(722) 	  	 	 	(821) 	  	 	 	(821) 	  	
	 	 	 	 	 	 	 	 	 				 				 	 	 	 	 	 	 	 	 	 	 	 	
Allowance for credit losses - ending	 	 	$3,032  	  	 	 	  $3,141  	  	 	 	($109) 	  	 	 	(3) 	 % 	 	 	  $3,216  	  	 	 	$3,276  	  	 	 	$3,235  	  	

Components:	 				 				 				 				 				 				 				
Allowance for loan and lease losses	 	 	$2,974  	  	 	 	$3,086  	  	 	 	($112) 	  	 	 	(4) 	 % 	 	 	$3,156  	  	 	 	$3,176  	  	 	 	  $3,120  	  	
Unfunded commitments reserve	 	 	58  	  	 	 	55  	  	 	 	3  	  	 	 	5  	  	 	 	60  	  	 	 	100  	  	 	 	115  	  	
	 	 	 	 	 	 	 	 	 				 				 	 	 	 	 	 	 	 	 	 	 	 	
Allowance for credit losses	 	 	$3,032  	  	 	 	$3,141  	  	 	 	($109) 	  	 	 	(3) 	 % 	 	 	  $3,216  	  	 	 	$3,276  	  	 	 	$3,235  	  	
	 	 	 	 	 	 	 	 	 				 				 	 	 	 	 	 	 	 	 	 	 	 	
Net charge-offs to average loans (annualized)	 				 				 				 				 				 				 				
Commercial	 	 	1.11  	 % 	 	 	0.77  	 % 	 	 	0.34  	 % 	 	 	44  	 % 	 	 	1.06  	 % 	 	 	1.13  	 % 	 	 	1.14  	 % 	
Real estate:	 				 				 				 				 				 				 				
Home equity lines	 	 	3.39  	  	 	 	3.24  	  	 	 	0.15  	  	 	 	5  	  	 	 	3.55  	  	 	 	4.11  	  	 	 	3.91  	  	
Construction	 	 	7.40  	  	 	 	10.21  	  	 	 	(2.81) 	  	 	 	(27) 	  	 	 	13.05  	  	 	 	6.30  	  	 	 	11.38  	  	
Residential mortgages	 	 	3.09  	  	 	 	3.89  	  	 	 	(0.80) 	  	 	 	(21) 	  	 	 	3.81  	  	 	 	5.57  	  	 	 	4.35  	  	
Commercial real estate	 	 	1.04  	  	 	 	1.09  	  	 	 	(0.05) 	  	 	 	(4) 	  	 	 	0.33  	  	 	 	0.08  	  	 	 	0.06  	  	
Consumer:	 				 				 				 				 				 				 				
Direct	 	 	0.60  	  	 	 	0.54  	  	 	 	0.06  	  	 	 	12  	  	 	 	0.87  	  	 	 	0.92  	  	 	 	0.96  	  	
Indirect	 	 	0.64  	  	 	 	0.56  	  	 	 	0.08  	  	 	 	14  	  	 	 	0.51  	  	 	 	0.98  	  	 	 	1.50  	  	
Credit cards	 	 	5.65  	  	 	 	6.81  	  	 	 	(1.16) 	  	 	 	(17) 	  	 	 	7.92  	  	 	 	10.48  	  	 	 	8.51  	  	
Total net charge-offs to total average loans	 	 	2.14  	  	 	 	2.42  	  	 	 	(0.28) 	  	 	 	(11) 	  	 	 	2.57  	  	 	 	2.91  	  	 	 	2.83  	  	
								
Period Ended	 				 				 				 				 				 				 				
Nonaccrual/nonperforming loans	 				 				 				 				 				 				 				
Commercial	 	 	$259  	  	 	 	$325  	  	 	 	($66) 	  	 	 	(20) 	 % 	 	 	$368  	  	 	 	$379  	  	 	 	$484  	  	
Real estate:	 				 				 				 				 				 				 				
Home equity lines	 	 	298  	  	 	 	292  	  	 	 	6  	  	 	 	2  	  	 	 	290  	  	 	 	286  	  	 	 	289  	  	
Construction	 	 	1,128  	  	 	 	1,297  	  	 	 	(169) 	  	 	 	(13) 	  	 	 	1,360  	  	 	 	1,585  	  	 	 	1,484  	  	
Residential mortgages	 	 	1,859  	  	 	 	1,928  	  	 	 	(69) 	  	 	 	(4) 	  	 	 	2,128  	  	 	 	2,436  	  	 	 	2,716  	  	
Commercial real estate	 	 	528  	  	 	 	485  	  	 	 	43  	  	 	 	9  	  	 	 	515  	  	 	 	464  	  	 	 	392  	  	
Consumer loans	 	 	38  	  	 	 	46  	  	 	 	(8) 	  	 	 	(17) 	  	 	 	38  	  	 	 	35  	  	 	 	37  	  	
	 	 	 	 	 	 	 	 	 				 				 	 	 	 	 	 	 	 	 	 	 	 	
Total nonaccrual/nonperforming loans	 	 	4,110  	  	 	 	4,373  	  	 	 	(263) 	  	 	 	(6) 	  	 	 	4,699  	  	 	 	5,185  	  	 	 	5,402  	  	
OREO	 	 	596  	  	 	 	645  	  	 	 	(49) 	  	 	 	(8) 	  	 	 	700  	  	 	 	628  	  	 	 	620  	  	
Other repossessed assets	 	 	52  	  	 	 	51  	  	 	 	1  	  	 	 	2  	  	 	 	64  	  	 	 	70  	  	 	 	79  	  	
Nonperforming LHFS	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	160  	  	 	 	-  	  	
	 	 	 	 	 	 	 	 	 				 				 	 	 	 	 	 	 	 	 	 	 	 	
Total nonperforming assets	 	 	$4,758  	  	 	 	$5,069  	  	 	 	($311) 	  	 	 	(6) 	 % 	 	 	$5,463  	  	 	 	  $6,043  	  	 	 	$6,101  	  	

Restructured loans (accruing)	 	 	$2,613  	  	 	 	$2,516  	  	 	 	$97  	  	 	 	4  	 % 	 	 	$2,269  	  	 	 	$1,908  	  	 	 	$1,641  	  	
Total accruing loans past due 90 days or more 2	 	 	$1,565  	  	 	 	$1,580  	  	 	 	($15) 	  	 	 	(1) 	 % 	 	 	$1,376  	  	 	 	$1,475  	  	 	 	$1,500  	  	
								
Total nonperforming loans to total loans	 	 	3.54  	 % 	 	 	3.80  	 % 	 	 	(0.26) 	 % 	 	 	(7) 	 % 	 	 	4.16  	 % 	 	 	4.55  	 % 	 	 	4.75  	 % 	
Total nonperforming assets to total loans plus OREO,
other repossessed assets, and nonperforming LHFS	 	 	4.08  	  	 	 	4.38  	  	 	 	(0.30) 	  	 	 	(7) 	  	 	 	4.81  	  	 	 	5.26	  	 	 	5.33  	  	
Allowance to period-end loans	 	 	2.58  	  	 	 	2.69  	  	 	 	(0.11) 	  	 	 	(4) 	  	 	 	2.81  	  	 	 	2.80  	  	 	 	2.76  	  	
Allowance to nonperforming loans	 	 	72.86  	  	 	 	71.07  	  	 	 	1.79  	  	 	 	3  	  	 	 	67.64  	  	 	 	61.74  	  	 	 	58.86  	  	
Allowance to annualized net charge-offs	 	 	1.21  	 x 	 	 	1.13  	 x 	 	 	0.08  	 x 	 	 	7  	  	 	 	1.09  	 x 	 	 	0.95  	 x 	 	 	0.96  	 x 	
 
1 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.
2 Total accruing loans past due 90 days or more contain loans that are guaranteed by governmental agencies. These loans were $1.4 billion, $1.4 billion, $1.2 billion, $1.3 billion, and $1.3 billion at December 31, 2010, September 30, 2010, June 30, 2010, March 31, 2010, and December 31, 2009, respectively.
 
Page 11

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

 	 	Three Months Ended December 31	 	 	Twelve Months Ended December 31	 	
 	 	Core
Deposit
  Intangibles  	 	 	Mortgage
  Servicing  
Rights-
Amortized Cost	 	 	Mortgage
  Servicing  
Rights-
Fair Value	 	 	Other	 	 	Total	 	 	Core
Deposit
  Intangibles  	 	 	Mortgage
  Servicing  
Rights-
Amortized Cost	 	 	Mortgage
  Servicing  
Rights-
Fair Value	 	 	Other	 	 	Total	 	
OTHER INTANGIBLE ASSET ROLLFORWARD	 				 				 				 				 				 				 				 				 				 				
Balance, beginning of period	 	 	$113  	  	 	 	$640  	  	 	 	$783  	  	 	 	$68  	  	 	 	$1,604  	  	 	 	$145  	  	 	 	$810  	  	 	 	$-  	  	 	 	$80  	  	 	 	$1,035  	  	
Designated at fair value (transfers from amortized cost)	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	(188) 	  	 	 	188  	  	 	 	-  	  	 	 	-  	  	
Amortization	 	 	(9) 	  	 	 	(46) 	  	 	 	-  	  	 	 	(3) 	  	 	 	(58) 	  	 	 	(41) 	  	 	 	(217) 	  	 	 	-  	  	 	 	(15) 	  	 	 	(273) 	  	
Mortgage servicing rights (“MSRs”) originated	 	 	-  	  	 	 	-  	  	 	 	96  	  	 	 	-  	  	 	 	96  	  	 	 	-  	  	 	 	-  	  	 	 	682  	  	 	 	-  	  	 	 	682  	  	
MSRs impairment recovery	 	 	-  	  	 	 	10  	  	 	 	-  	  	 	 	-  	  	 	 	10  	  	 	 	-  	  	 	 	199  	  	 	 	-  	  	 	 	-  	  	 	 	199  	  	
Fair value changes due to inputs and assumptions	 	 	-  	  	 	 	-  	  	 	 	91  	  	 	 	-  	  	 	 	91  	  	 	 	-  	  	 	 	-  	  	 	 	161  	  	 	 	-  	  	 	 	161  	  	
Other changes in fair value	 	 	-  	  	 	 	-  	  	 	 	(34) 	  	 	 	-  	  	 	 	(34) 	  	 	 	-  	  	 	 	-  	  	 	 	(95) 	  	 	 	-  	  	 	 	(95) 	  	
Other	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	2  	  	 	 	2  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	2  	  	 	 	2  	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Balance, December 31, 2009	 	 	$104 	  	 	 	$604  	  	 	 	$936  	  	 	 	$67  	  	 	 	$1,711  	  	 	 	$104  	  	 	 	$604  	  	 	 	$936  	  	 	 	$67  	  	 	 	$1,711  	  	

Balance, beginning of period	 	 	$75  	  	 	 	$-  	  	 	 	$1,072  	  	 	 	$57  	  	 	 	$1,204  	  	 	 	$104  	  	 	 	$604  	  	 	 	$936  	  	 	 	$67  	  	 	 	$1,711  	  	
Designated at fair value (transfers from amortized cost)	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	(604) 	  	 	 	604  	  	 	 	-  	  	 	 	-  	  	
Fair value change due to fair value election	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	145  	  	 	 	-  	  	 	 	145  	  	
Amortization	 	 	(8) 	  	 	 	-  	  	 	 	-  	  	 	 	(3) 	  	 	 	(11) 	  	 	 	(37) 	  	 	 	-  	  	 	 	-  	  	 	 	(13) 	  	 	 	(50) 	  	
MSRs originated	 	 	-  	  	 	 	-  	  	 	 	92  	  	 	 	-  	  	 	 	92  	  	 	 	-  	  	 	 	-  	  	 	 	289  	  	 	 	-  	  	 	 	289  	  	
Fair value changes due to inputs and assumptions	 	 	-  	  	 	 	-  	  	 	 	368  	  	 	 	-  	  	 	 	368  	  	 	 	-  	  	 	 	-  	  	 	 	(275) 	  	 	 	-  	  	 	 	(275) 	  	
Other changes in fair value	 	 	-  	  	 	 	-  	  	 	 	(71) 	  	 	 	-  	  	 	 	(71) 	  	 	 	-  	  	 	 	-  	  	 	 	(238) 	  	 	 	-  	  	 	 	(238) 	  	
Sale of MSRs	 	 	-  	  	 	 	-  	  	 	 	(22) 	  	 	 	-  	  	 	 	(22) 	  	 	 	-  	  	 	 	-  	  	 	 	(22) 	  	 	 	-  	  	 	 	(22) 	  	
Intangible asset obtained from sale of money market funds 1	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	11  	  	 	 	11  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	11  	  	 	 	11  	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Balance, December 31, 2010	 	 	$67  	  	 	 	$-  	  	 	 	$1,439  	  	 	 	$65  	  	 	 	$1,571  	  	 	 	$67  	  	 	 	$-  	  	 	 	$1,439  	  	 	 	$65  	  	 	 	$1,571  	  	

 	 	Three Months Ended	 	 	 	 	
 	 	  December 31  
2010	 	 	  September 30  
2010	 	 	  June 30  
2010	 	 	  March 31  
2010	 	 	  December 31  
2009	 	 			
 
COMMON SHARE ROLLFORWARD (000’s)	 				 				 				 				 				 			
Beginning balance	 	 	499,955  	  	 	 	499,929  	  	 	 	499,858  	  	 	 	499,157  	  	 	 	499,147  	  	 			
Common shares issued/exchanged for employee benefit plans, stock option, and restricted stock activity	 	 	481  	  	 	 	26  	  	 	 	71  	  	 	 	701  	  	 	 	10  	  	 			
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 			
Ending balance	 	 	500,436  	  	 	 	499,955  	  	 	 	499,929  	  	 	 	499,858  	  	 	 	499,157  	  	 			

COMMON STOCK REPURCHASE ACTIVITY (000’s)	 				 				 				 				 				 			
Number of common shares repurchased 2	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 			
Average price per share of repurchased common shares	 	 	$-  	  	 	 	$-  	  	 	 	$-  	  	 	 	$-  	  	 	 	$-  	  	 			
Maximum number of common shares that may yet be purchased under repurchase plans or programs	 	 	30,000  	  	 	 	30,000  	  	 	 	30,000  	  	 	 	30,000  	  	 	 	30,000  	  	 			

1 During 2010, the Company transferred approximately $14 billion in money market funds into funds managed by Federated Investors, Inc. in exchange for cash consideration of $7 million and a revenue-sharing agreement.
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.
 
Page 12

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

 	 	 	 	 	 	
 	 	Three Months Ended	 	 	Twelve Months Ended	 	
 	 	  December 31  
2010	 	 	  September 30  
2010	 	 	  June 30  
2010	 	 	  March 31  
2010	 	 	  December 31  
2009	 	 	  December 31  
2010	 	 	  December 31  
2009	 	
NON-GAAP MEASURES PRESENTED IN THE EARNINGS RELEASE 8	 				 				 				 				 				 				 				
Net income/(loss)	 	 	$185  	  	 	 	$153  	  	 	 	$12  	  	 	 	($161) 	  	 	 	($248) 	  	 	 	$189  	  	 	 	($1,564) 	  	
Securities (gains)/losses, net of tax	 	 	(39) 	  	 	 	(43) 	  	 	 	(35) 	  	 	 	(1) 	  	 	 	(45) 	  	 	 	(118) 	  	 	 	(61) 	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net income/(loss) excluding securities (gains)/losses, net of tax	 	 	146  	  	 	 	110  	  	 	 	(23) 	  	 	 	(162) 	  	 	 	(293) 	  	 	 	71  	  	 	 	(1,625) 	  	
The Coca-Cola Company stock dividend, net of tax	 	 	(12) 	  	 	 	(12) 	  	 	 	(12) 	  	 	 	(12) 	  	 	 	(11) 	  	 	 	(47) 	  	 	 	(44) 	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net income/(loss) excluding securities (gains)/losses and The Coca-Cola Company stock dividend, net of tax	 	 	134  	  	 	 	98  	  	 	 	(35) 	  	 	 	(174) 	  	 	 	(304) 	  	 	 	24  	  	 	 	(1,669) 	  	
Preferred dividends, Series A	 	 	(2) 	  	 	 	(2) 	  	 	 	(2) 	  	 	 	(2) 	  	 	 	(2) 	  	 	 	(7) 	  	 	 	(14) 	  	
U.S. Treasury preferred dividends and accretion of discount	 	 	(67) 	  	 	 	(67) 	  	 	 	(66) 	  	 	 	(66) 	  	 	 	(66) 	  	 	 	(267) 	  	 	 	(266) 	  	
Dividends and undistributed earnings allocated to unvested shares	 	 	(2) 	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	(2) 	  	 	 	17  	  	
Gain on purchase of Series A preferred stock	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	94  	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net income/(loss) available to common shareholders excluding securities (gains)/losses and The Coca-Cola Company stock dividend	 	 	$63  	  	 	 	$29  	  	 	 	($103) 	  	 	 	($242) 	  	 	 	($372) 	  	 	 	($252) 	  	 	 	($1,838) 	  	

Total average assets	 	 	$174,768  	  	 	 	$171,999  	  	 	 	$171,273  	  	 	 	$171,429  	  	 	 	$174,041  	  	 	 	$172,375  	  	 	 	$175,442  	  	
Average net unrealized securities gains	 	 	(2,664) 	  	 	 	(2,395) 	  	 	 	(1,969) 	  	 	 	(1,884) 	  	 	 	(1,986) 	  	 	 	(2,231) 	  	 	 	(1,612) 	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Average assets less net unrealized securities gains	 	 	$172,104  	  	 	 	$169,604  	  	 	 	$169,304  	  	 	 	$169,545  	  	 	 	$172,055  	  	 	 	$170,144  	  	 	 	$173,830  	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total average common shareholders’ equity	 	 	$18,638  	  	 	 	$18,159  	  	 	 	$17,387  	  	 	 	$17,419  	  	 	 	$17,467  	  	 	 	$17,905  	  	 	 	$17,219  	  	
Average accumulated other comprehensive income	 	 	(2,055) 	  	 	 	(1,721) 	  	 	 	(998) 	  	 	 	(889) 	  	 	 	(698) 	  	 	 	(1,420) 	  	 	 	(692) 	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total average realized common shareholders’ equity	 	 	$16,583  	  	 	 	$16,438  	  	 	 	$16,389  	  	 	 	$16,530  	  	 	 	$16,769  	  	 	 	$16,485  	  	 	 	$16,527  	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Return on average total assets	 	 	0.42  	 % 	 	 	0.35  	 % 	 	 	0.03  	 % 	 	 	(0.38) 	 % 	 	 	(0.57) 	 % 	 	 	0.11  	 % 	 	 	(0.89) 	 % 	
Impact of excluding net realized and unrealized securities (gains)/losses and The Coca-Cola Company stock dividend	 	 	(0.11) 	  	 	 	(0.12) 	  	 	 	(0.11) 	  	 	 	(0.04) 	  	 	 	(0.13) 	  	 	 	(0.10) 	  	 	 	(0.07) 	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Return on average total assets less net
unrealized securities (gains)/losses 1	 	 	0.31  	 % 	 	 	0.23  	 % 	 	 	(0.08) 	 % 	 	 	(0.42) 	 % 	 	 	(0.70) 	 % 	 	 	0.01  	 % 	 	 	(0.96) 	 % 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Return on average common shareholders’ equity	 	 	2.44  	 % 	 	 	1.83  	 % 	 	 	(1.29) 	 % 	 	 	(5.34) 	 % 	 	 	(7.19) 	 % 	 	 	(0.49) 	 % 	 	 	(10.07) 	 % 	
Impact of excluding net realized and unrealized securities (gains)/losses and The Coca-Cola Company stock dividend	 	 	(0.91) 	  	 	 	(1.13) 	  	 	 	(1.24) 	  	 	 	(0.59) 	  	 	 	(1.62) 	  	 	 	(1.04) 	  	 	 	(1.05) 	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Return on average realized common shareholders’ equity 2	 	 	1.53  	 % 	 	 	0.70  	 % 	 	 	(2.53) 	 % 	 	 	(5.93) 	 % 	 	 	(8.81) 	 % 	 	 	(1.53) 	 % 	 	 	(11.12) 	 % 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Efficiency ratio 3	 	 	66.57  	 % 	 	 	64.80  	 % 	 	 	69.57  	 % 	 	 	71.60  	 % 	 	 	74.58  	 % 	 	 	67.94  	 % 	 	 	79.07  	 % 	
Impact of excluding amortization/impairment of goodwill/intangible assets other than MSRs	 	 	(0.50) 	  	 	 	(0.56) 	  	 	 	(0.61) 	  	 	 	(0.69) 	  	 	 	(0.62) 	  	 	 	(0.58) 	  	 	 	(9.72) 	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Tangible efficiency ratio 4	 	 	66.07  	 % 	 	 	64.24  	 % 	 	 	68.96  	 % 	 	 	70.91  	 % 	 	 	73.96  	 % 	 	 	67.36  	 % 	 	 	69.35  	 % 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total shareholders’ equity	 	 	$23,130  	  	 	 	$23,438  	  	 	 	$23,024  	  	 	 	$22,620  	  	 	 	$22,531  	  	 				 				
Goodwill, net of deferred taxes	 	 	(6,189) 	  	 	 	(6,192) 	  	 	 	(6,197) 	  	 	 	(6,202) 	  	 	 	(6,204) 	  	 				 				
Other intangible assets including MSRs, net of deferred taxes	 	 	(1,545) 	  	 	 	(1,174) 	  	 	 	(1,409) 	  	 	 	(1,761) 	  	 	 	(1,671) 	  	 				 				
MSRs	 	 	1,439  	  	 	 	1,072  	  	 	 	1,298  	  	 	 	1,641  	  	 	 	1,540  	  	 				 				
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				 				
Tangible equity	 	 	16,835  	  	 	 	17,144  	  	 	 	16,716  	  	 	 	16,298  	  	 	 	16,196  	  	 				 				
Preferred stock	 	 	(4,942) 	  	 	 	(4,936) 	  	 	 	(4,929) 	  	 	 	(4,923) 	  	 	 	(4,917) 	  	 				 				
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				 				
Tangible common equity	 	 	$11,893  	  	 	 	$12,208  	  	 	 	$11,787  	  	 	 	$11,375  	  	 	 	$11,279  	  	 				 				
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				 				
Total assets	 	 	$172,874  	  	 	 	$174,703  	  	 	 	$170,668  	  	 	 	$171,796  	  	 	 	$174,165  	  	 				 				
Goodwill	 	 	(6,323) 	  	 	 	(6,323) 	  	 	 	(6,323) 	  	 	 	(6,323) 	  	 	 	(6,319) 	  	 				 				
Other intangible assets including MSRs	 	 	(1,571) 	  	 	 	(1,204) 	  	 	 	(1,443) 	  	 	 	(1,800) 	  	 	 	(1,711) 	  	 				 				
MSRs	 	 	1,439  	  	 	 	1,072  	  	 	 	1,298  	  	 	 	1,641  	  	 	 	1,540  	  	 				 				
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				 				
Tangible assets	 	 	$166,419  	  	 	 	$168,248  	  	 	 	$164,200  	  	 	 	$165,314  	  	 	 	$167,675  	  	 				 				
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				 				
Tangible equity to tangible assets 5	 	 	10.12  	 % 	 	 	10.19  	 % 	 	 	10.18  	 % 	 	 	9.86  	 % 	 	 	9.66  	 % 	 				 				
Tangible book value per common share 6	 	 	$23.76  	  	 	 	$24.42  	  	 	 	$23.58  	  	 	 	$22.76  	  	 	 	$22.59  	  	 				 				
Net interest income	 	 	$1,266  	  	 	 	$1,238  	  	 	 	$1,178  	  	 	 	$1,172  	  	 	 	$1,177  	  	 	 	$4,854  	  	 	 	$4,466  	  	
Taxable-equivalent adjustment	 	 	28  	  	 	 	28  	  	 	 	30  	  	 	 	30  	  	 	 	30  	  	 	 	116  	  	 	 	123  	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net interest income - FTE	 	 	1,294  	  	 	 	1,266  	  	 	 	1,208  	  	 	 	1,202  	  	 	 	1,207  	  	 	 	4,970  	  	 	 	4,589  	  	
Noninterest income	 	 	1,032  	  	 	 	1,047  	  	 	 	952  	  	 	 	698  	  	 	 	742  	  	 	 	3,729  	  	 	 	3,710  	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenue - FTE	 	 	2,326  	  	 	 	2,313  	  	 	 	2,160  	  	 	 	1,900  	  	 	 	1,949  	  	 	 	8,699  	  	 	 	8,299  	  	
Securities gains, net	 	 	(64) 	  	 	 	(69) 	  	 	 	(57) 	  	 	 	(1) 	  	 	 	(73) 	  	 	 	(191) 	  	 	 	(98) 	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenue - FTE excluding net securities (gains)/losses 7	 	 	$2,262  	  	 	 	$2,244  	  	 	 	$2,103  	  	 	 	$1,899  	  	 	 	$1,876  	  	 	 	$8,508  	  	 	 	$8,201  	  	

 

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 securities portfolio which includes the ownership by the Company of common shares of The Coca-Cola Company. 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 client relationship and client transaction driven. The return on average assets less net unrealized gains on securities is computed by dividing annualized net income/(loss), excluding securities (gains)/losses and The Coca-Cola Company stock dividend, net of tax, by average assets less net unrealized securities (gains)/losses.	
 
2	SunTrust 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 holding of a specific security. The return on average realized common shareholders’ equity is computed by dividing annualized net income/(loss) available to common shareholders, excluding securities (gains)/losses and The Coca-Cola Company stock dividend, net of tax, by average realized common shareholders’ equity.	
 
3	Computed by dividing noninterest expense by total revenue - FTE. 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 amortization/impairment of goodwill/intangible assets other than MSRs. The Company believes this measure is useful to investors because, by removing the effect of these 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 after-tax 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 a tangible book value per common share that excludes the after-tax impact of purchase accounting intangible assets and also excludes preferred stock from tangible equity. The Company believes this measure is useful to investors because, by removing the effect of intangible assets that result from merger and acquisition activity as well as preferred stock (the level of which may vary from company to company), it allows investors to more easily compare the Company’s book value on common stock to other companies in the industry.	
 
7	SunTrust presents total revenue - FTE excluding net securities (gains)/losses. The Company believes noninterest income without net securities (gains)/losses is more indicative of the Company’s performance because it isolates income that is primarily client relationship and client transaction driven and is more indicative of normalized operations.	
 
8	Certain amounts in this schedule are presented net of applicable income taxes, which are calculated based on each subsidiary’s federal and state tax rates and laws. In general, the federal marginal tax rate is 35%, but the state marginal tax rates range from 1% to 8% in accordance with the subsidiary’s income tax filing requirements with various tax authorities. In addition, the effective tax rate may differ from the federal and state marginal tax rates in certain cases where a permanent difference exists.	
 
Page 13

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

																													
 	 	Three Months Ended	 	 	Year Ended	 	
 	 	December 31
2010	 	 	September 30
2010	 	 	June 30
2010	 	 	March 31
2010	 	 	December 31
2009	 	 	December 31
2010	 	 	December 31
2009	 	
NON-GAAP MEASURES PRESENTED IN THE EARNINGS RELEASE 2	 				 				 				 				 				 				 				
Total noninterest expense	 	 	$1,548  	  	 	 	$1,499  	  	 	 	$1,503  	  	 	 	$1,361  	  	 	 	$1,453  	  	 	 	$5,911  	  	 	 	$6,562  	  	
Goodwill/intangible impairment charges other than MSRs	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	751  	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total noninterest expense excluding goodwill/intangible impairment
charges other than MSRs 1	 	 	$1,548  	  	 	 	$1,499  	  	 	 	$1,503  	  	 	 	$1,361  	  	 	 	$1,453  	  	 	 	$5,911  	  	 	 	$5,811  	  	

Net income/(loss)	 	 	$185  	  	 	 	$153  	  	 	 	$12  	  	 	 	($161) 	  	 	 	($248) 	  	 	 	$189  	  	 	 	($1,564) 	  	
Goodwill/intangible impairment charges other than MSRs, after tax	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	724  	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net income/(loss) excluding goodwill/intangible impairment charges
other than MSRs, after tax 1	 	 	$185  	  	 	 	$153  	  	 	 	$12  	  	 	 	($161) 	  	 	 	($248) 	  	 	 	$189  	  	 	 	($840) 	  	

Net income/(loss) available to common shareholders	 	 	$114  	  	 	 	$84  	  	 	 	($56) 	  	 	 	($229) 	  	 	 	($316) 	  	 	 	($87) 	  	 	 	($1,733) 	  	
Goodwill/intangible impairment charges other than MSRs attributable
to common shareholders, after tax	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	715  	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net income/(loss) available to common shareholders excluding
goodwill/intangible impairment charges other than MSRs, after
tax 1	 	 	$114  	  	 	 	$84  	  	 	 	($56) 	  	 	 	($229) 	  	 	 	($316) 	  	 	 	($87) 	  	 	 	($1,018) 	  	

Net income/(loss) per average common share, diluted	 	 	$0.23  	  	 	 	$0.17  	  	 	 	($0.11) 	  	 	 	($0.46) 	  	 	 	($0.64) 	  	 	 	($0.18) 	  	 	 	($3.98) 	  	
Impact of excluding goodwill/intangible impairment charges other
than MSRs attributable to common shareholders, after tax	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	1.64  	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net income/(loss) per average diluted common share, excluding
goodwill/intangible impairment charges other than MSRs, after
tax 1	 	 	$0.23  	  	 	 	$0.17  	  	 	 	($0.11) 	  	 	 	($0.46) 	  	 	 	($0.64) 	  	 	 	($0.18) 	  	 	 	($2.34) 	  	

 	 	 	 	 	 	 	 	
SUPPLEMENTAL INCOME STATEMENT RECONCILIATION	 				 				 				 				 				 				 				
Net income/(loss)	 	 	$185  	  	 	 	$153  	  	 	 	$12  	  	 	 	($161) 	  	 	 	($248) 	  	 	 	$189  	  	 	 	($1,564) 	  	
Preferred dividends, Series A	 	 	(2) 	  	 	 	(2) 	  	 	 	(2) 	  	 	 	(2) 	  	 	 	(2) 	  	 	 	(7) 	  	 	 	(14) 	  	
U.S. Treasury preferred dividends and accretion of discount	 	 	(67) 	  	 	 	(67) 	  	 	 	(66) 	  	 	 	(66) 	  	 	 	(66) 	  	 	 	(267) 	  	 	 	(266) 	  	
Dividends and undistributed earnings allocated to unvested shares	 	 	(2) 	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	(2) 	  	 	 	17  	  	
Gain on purchase of Series A preferred stock	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	94  	  	

Net income/(loss) available to common shareholders	 	 	$114  	  	 	 	$84  	  	 	 	($56) 	  	 	 	($229) 	  	 	 	($316) 	  	 	 	($87) 	  	 	 	($1,733) 	  	

 
1 SunTrust presents noninterest expense, net income/(loss), net income/(loss) available to common shareholders, and net income/(loss) per average common diluted share that excludes the portion of the impairment charges on goodwill and intangible assets other than MSRs allocated to the common shareholders. The Company believes these measures are useful to investors, because removing the non-cash impairment charges provides a more representative view of normalized operations and the measures also allow better comparability with peers in the industry who also provide a similar presentation when applicable. In addition, management uses the measures internally to analyze performance.
2 Certain amounts in this schedule are presented net of applicable income taxes, which are calculated based on each subsidiary’s federal and state tax rates and laws. In general, the federal marginal tax rate is 35%, but the state marginal tax rates range from 1% to 8% in accordance with the subsidiary’s income tax filing requirements with various tax authorities. In addition, the effective tax rate may differ from the federal and state marginal tax rates in certain cases where a permanent difference exists.
 
Page 14

SunTrust Banks, Inc. and Subsidiaries
RETAIL BANKING LINE OF BUSINESS
(Dollars in millions)    (Unaudited)

																									
 	 	Three Months Ended	 	 	 	 	 	Twelve Months Ended	 	 	 	 	
	 	 	 	 	 	 	 	 	
 	 	  December 31  
2010	 	 	  December 31  
2009	 	 	%
  Change 3   	 	 	  December 31  
2010	 	 	  December 31  
2009	 	 	%
  Change 3   	 	
							
Statements of Income	 				 				 				 				 				 				
							
Net interest income 1	 	 	$640  	  	 	 	$617  	  	 	 	4  	% 	 	 	$2,540  	  	 	 	$2,351  	  	 	 	8  	% 	
FTE adjustment	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	
	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Net interest income - FTE	 	 	640  	  	 	 	617  	  	 	 	4  	  	 	 	2,540  	  	 	 	2,351  	  	 	 	8  	  	
Provision for credit losses 2	 	 	227  	  	 	 	294  	  	 	 	(23) 	  	 	 	992  	  	 	 	1,236  	  	 	 	(20) 	  	
	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Net interest income after provision for credit losses - FTE	 	 	413  	  	 	 	323  	  	 	 	28  	  	 	 	1,548  	  	 	 	1,115  	  	 	 	39  	  	

Noninterest income before securities gains	 	 	271  	  	 	 	295  	  	 	 	(8) 	  	 	 	1,127  	  	 	 	1,152  	  	 	 	(2) 	  	
Securities gains, net	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	
	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Total noninterest income	 	 	271  	  	 	 	295  	  	 	 	(8) 	  	 	 	1,127  	  	 	 	1,152  	  	 	 	(2) 	  	

Noninterest expense before amortization/impairment of
goodwill/intangible assets	 	 	608  	  	 	 	595  	  	 	 	2  	  	 	 	2,394  	  	 	 	2,316  	  	 	 	3  	  	
Amortization/impairment of goodwill/intangible assets	 	 	9  	  	 	 	9  	  	 	 	-  	  	 	 	39  	  	 	 	215  	  	 	 	(82) 	  	
	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Total noninterest expense	 	 	617  	  	 	 	604  	  	 	 	2  	  	 	 	2,433  	  	 	 	2,531  	  	 	 	(4) 	  	

Income/(loss) before provision/(benefit) for income taxes	 	 	67  	  	 	 	14  	  	 	 	NM  	  	 	 	242  	  	 	 	(264) 	  	 	 	NM  	  	
Provision/(benefit) for income taxes	 	 	24  	  	 	 	5  	  	 	 	NM  	  	 	 	86  	  	 	 	(99) 	  	 	 	NM  	  	
FTE adjustment	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	
	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Net income/(loss) including income attributable
to noncontrolling interest	 	 	43  	  	 	 	9  	  	 	 	NM  	  	 	 	156  	  	 	 	(165) 	  	 	 	NM  	  	
Less: net income attributable to noncontrolling interest	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	
	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Net income/(loss)	 	 	$43  	  	 	 	$9  	  	 	 	NM  	% 	 	 	$156  	  	 	 	($165) 	  	 	 	NM  	% 	

Total revenue - FTE	 	 	$911  	  	 	 	$912  	  	 	 	-  	% 	 	 	$3,667  	  	 	 	$3,503  	  	 	 	5  	% 	
							
Selected Average Balances	 				 				 				 				 				 				
							
Total loans	 	 	$34,544  	  	 	 	$32,533  	  	 	 	6  	% 	 	 	$33,220  	  	 	 	$33,152  	  	 	 	-  	% 	
Goodwill	 	 	4,854  	  	 	 	4,855  	  	 	 	-  	  	 	 	4,854  	  	 	 	4,896  	  	 	 	(1) 	  	
Other intangible assets excluding MSRs	 	 	78  	  	 	 	117  	  	 	 	(33) 	  	 	 	92  	  	 	 	132  	  	 	 	(30) 	  	
Total assets	 	 	39,908  	  	 	 	38,531  	  	 	 	4  	  	 	 	38,911  	  	 	 	39,245  	  	 	 	(1) 	  	
Consumer and commercial deposits	 	 	75,026  	  	 	 	73,166  	  	 	 	3  	  	 	 	74,756  	  	 	 	72,757  	  	 	 	3  	  	
							
Performance Ratios	 				 				 				 				 				 				
							
Efficiency ratio	 	 	67.73  	% 	 	 	66.23  	% 	 				 	 	66.35  	% 	 	 	72.25  	% 	 				
Impact of excluding amortization/impairment of goodwill/intangible assets	 	 	(4.76) 	  	 	 	(4.95) 	  	 				 	 	(4.86) 	  	 	 	(10.36) 	  	 				
	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Tangible efficiency ratio	 	 	62.97  	% 	 	 	61.28  	% 	 				 	 	61.49  	% 	 	 	61.89  	% 	 				

 
1 Net interest income does not include the funding benefit that would result from holding shareholders’ equity at the line of business level due to the fact that shareholder’s equity is not allocated to the lines of business at this time.
2 Provision for credit losses represents net charge-offs for the lines of business.
3 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.
 
Page 15

SunTrust Banks, Inc. and Subsidiaries
DIVERSIFIED COMMERCIAL BANKING LINE OF BUSINESS
(Dollars in millions)    (Unaudited)

																									
 	  	Three Months Ended	 	 	 	 	 	Twelve Months Ended	 	 	 	 	
	  	 	 	 	 	 	 	 	
 	  	  December 31  
2010	 	 	  December 31  
2009	 	 	%
  Change 3   	 	 	  December 31  
2010	 	 	  December 31  
2009	 	 	%
  Change 3   	 	
							
Statements of Income	  				 				 				 				 				 				
							
Net interest income 1	  	 	$143  	  	 	 	$126  	  	 	 	13  	% 	 	 	$542  	  	 	 	$465  	  	 	 	17  	% 	
FTE adjustment	  	 	25  	  	 	 	27  	  	 	 	(7) 	  	 	 	105  	  	 	 	107  	  	 	 	(2) 	  	
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Net interest income - FTE	  	 	168  	  	 	 	153  	  	 	 	10  	  	 	 	647  	  	 	 	572  	  	 	 	13  	  	
Provision for credit losses 2	  	 	39  	  	 	 	28  	  	 	 	39  	  	 	 	127  	  	 	 	112  	  	 	 	13  	  	
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Net interest income after provision for credit losses - FTE	  	 	129  	  	 	 	125  	  	 	 	3  	  	 	 	520  	  	 	 	460  	  	 	 	13  	  	

Noninterest income before securities gains	  	 	60  	  	 	 	61  	  	 	 	(2) 	  	 	 	226  	  	 	 	242  	  	 	 	(7) 	  	
Securities gains, net	  	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Total noninterest income	  	 	60  	  	 	 	61  	  	 	 	(2) 	  	 	 	226  	  	 	 	242  	  	 	 	(7) 	  	

Noninterest expense before amortization of intangible assets	  	 	110  	  	 	 	120  	  	 	 	(8) 	  	 	 	439  	  	 	 	468  	  	 	 	(6) 	  	
Amortization of intangible assets	  	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Total noninterest expense	  	 	110  	  	 	 	120  	  	 	 	(8) 	  	 	 	439  	  	 	 	468  	  	 	 	(6) 	  	

Income before provision/(benefit) for income taxes	  	 	79  	  	 	 	66  	  	 	 	20  	  	 	 	307  	  	 	 	234  	  	 	 	31  	  	
Provision/(benefit) for income taxes	  	 	2  	  	 	 	(2) 	  	 	 	NM  	  	 	 	5  	  	 	 	(22) 	  	 	 	NM  	  	
FTE adjustment	  	 	25  	  	 	 	27  	  	 	 	(7) 	  	 	 	105  	  	 	 	107  	  	 	 	(2) 	  	
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Net income including income attributable
to noncontrolling interest	  	 	52  	  	 	 	41  	  	 	 	27  	  	 	 	197  	  	 	 	149  	  	 	 	32  	  	
Less: net income attributable to noncontrolling interest	  	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Net income	  	 	$52  	  	 	 	$41  	  	 	 	27  	% 	 	 	$197  	  	 	 	$149  	  	 	 	32  	% 	

Total revenue - FTE	  	 	$228  	  	 	 	$214  	  	 	 	7  	% 	 	 	$873  	  	 	 	$814  	  	 	 	7  	% 	
							
Selected Average Balances	  				 				 				 				 				 				
							
Total loans	  	 	$22,159  	  	 	 	$23,138  	  	 	 	(4) 	% 	 	 	$22,371  	  	 	 	$24,399  	  	 	 	(8) 	% 	
Goodwill	  	 	928  	  	 	 	928  	  	 	 	-  	  	 	 	928  	  	 	 	928  	  	 	 	-  	  	
Other intangible assets excluding MSRs	  	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	
Total assets	  	 	24,374  	  	 	 	25,544  	  	 	 	(5) 	  	 	 	24,662  	  	 	 	26,769  	  	 	 	(8) 	  	
Consumer and commercial deposits	  	 	18,772  	  	 	 	20,592  	  	 	 	(9) 	  	 	 	18,501  	  	 	 	17,644  	  	 	 	5  	  	
							
Performance Ratios	  				 				 				 				 				 				
							
Efficiency ratio	  	 	48.25  	% 	 	 	56.07  	% 	 				 	 	50.29  	% 	 	 	57.49  	% 	 				
Impact of excluding amortization of intangible assets	  	 	(2.11) 	  	 	 	(2.87) 	  	 				 	 	(2.23) 	  	 	 	(2.98) 	  	 				
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Tangible efficiency ratio	  	 	46.14  	% 	 	 	53.20  	% 	 				 	 	48.06  	% 	 	 	54.51  	% 	 				

 
1 Net interest income does not include the funding benefit that would result from holding shareholders’ equity at the line of business level due to the fact that shareholder’s equity is not allocated to the lines of business at this time.
2 Provision for credit losses represents net charge-offs for the lines of business.
3 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.
 
Page 16

SunTrust Banks, Inc. and Subsidiaries
COMMERCIAL REAL ESTATE LINE OF BUSINESS
(Dollars in millions)    (Unaudited)

																									
 	  	Three Months Ended	 	 	 	 	 	Twelve Months Ended	 	 	 	 	
	  	 	 	 	 	 	 	 	
 	  	  December 31  
2010	 	 	  December 31  
2009	 	 	%
  Change  	 	 	  December 31  
2010	 	 	  December 31  
2009	 	 	%
  Change  	 	
							
Statements of Income	  				 				 				 				 				 				
							
Net interest income 1	  	 	$38  	  	 	 	$46  	  	 	 	(17) 	% 	 	 	$162  	  	 	 	$179  	  	 	 	(9) 	% 	
FTE adjustment	  	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Net interest income - FTE	  	 	38  	  	 	 	46  	  	 	 	(17) 	  	 	 	162  	  	 	 	179  	  	 	 	(9) 	  	
Provision for credit losses 2	  	 	98  	  	 	 	172  	  	 	 	(43) 	  	 	 	442  	  	 	 	435  	  	 	 	2  	  	
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Net interest income after provision for credit losses - FTE	  	 	(60) 	  	 	 	(126) 	  	 	 	(52) 	  	 	 	(280) 	  	 	 	(256) 	  	 	 	9  	  	

Noninterest income before securities gains	  	 	27  	  	 	 	23  	  	 	 	17  	  	 	 	88  	  	 	 	94  	  	 	 	(6) 	  	
Securities gains, net	  	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Total noninterest income	  	 	27  	  	 	 	23  	  	 	 	17  	  	 	 	88  	  	 	 	94  	  	 	 	(6) 	  	

Noninterest expense before amortization/impairment of
goodwill/intangible assets	  	 	137  	  	 	 	116  	  	 	 	18  	  	 	 	471  	  	 	 	422  	  	 	 	12  	  	
Amortization/impairment of goodwill/intangible assets	  	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	299  	  	 	 	(100) 	  	
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Total noninterest expense	  	 	137  	  	 	 	116  	  	 	 	18  	  	 	 	471  	  	 	 	721  	  	 	 	(35) 	  	

Loss before benefit for income taxes	  	 	(170) 	  	 	 	(219) 	  	 	 	(22) 	  	 	 	(663) 	  	 	 	(883) 	  	 	 	(25) 	  	
Benefit for income taxes	  	 	(87) 	  	 	 	(106) 	  	 	 	(18) 	  	 	 	(333) 	  	 	 	(299) 	  	 	 	11  	  	
FTE adjustment	  	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Net loss including income attributable
to noncontrolling interest	  	 	(83) 	  	 	 	(113) 	  	 	 	(27) 	  	 	 	(330) 	  	 	 	(584) 	  	 	 	(43) 	  	
Less: net income attributable to noncontrolling interest	  	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Net loss	  	 	($83) 	  	 	 	($113) 	  	 	 	(27) 	% 	 	 	($330) 	  	 	 	($584) 	  	 	 	(43) 	% 	

Total revenue - FTE	  	 	$65  	  	 	 	$69  	  	 	 	(6) 	% 	 	 	$250  	  	 	 	$273  	  	 	 	(8) 	% 	
							
Selected Average Balances	  				 				 				 				 				 				
							
Total loans	  	 	$8,607  	  	 	 	$11,492  	  	 	 	(25) 	% 	 	 	$9,757  	  	 	 	$12,507  	  	 	 	(22)  	% 	
Goodwill	  	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	74  	  	 	 	(100) 	  	
Other intangible assets excluding MSRs	  	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	
Total assets	  	 	9,586  	  	 	 	12,572  	  	 	 	(24) 	  	 	 	10,796  	  	 	 	13,630  	  	 	 	(21) 	  	
Consumer and commercial deposits	  	 	1,422  	  	 	 	2,116  	  	 	 	(33) 	  	 	 	1,561  	  	 	 	1,888  	  	 	 	(17) 	  	
							
Performance Ratios	  				 				 				 				 				 				
							
Efficiency ratio	  	 	210.77  	% 	 	 	168.12  	% 	 				 	 	188.40  	% 	 	 	264.10  	% 	 				
Impact of excluding amortization/impairment of goodwill/intangible assets	  	 	-  	  	 	 	-  	  	 				 	 	-  	  	 	 	(111.31) 	  	 				
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Tangible efficiency ratio	  	 	210.77  	% 	 	 	168.12  	% 	 				 	 	188.40  	% 	 	 	152.79  	% 	 				

 
1 Net interest income does not include the funding benefit that would result from holding shareholders’ equity at the line of business level due to the fact that shareholder’s equity is not allocated to the lines of business at this time.
2 Provision for credit losses represents net charge-offs for the lines of business.
 
Page 17

SunTrust Banks, Inc. and Subsidiaries
CORPORATE AND INVESTMENT BANKING LINE OF BUSINESS
(Dollars in millions)    (Unaudited)

																									
 	  	Three Months Ended	 	 	 	 	 	Twelve Months Ended	 	 	 	 	
	  	 	 	 	 	 	 	 	
 	  	  December 31  
2010	 	 	  December 31  
2009	 	 	%
  Change 3   	 	 	  December 31  
2010	 	 	  December 31  
2009	 	 	%
  Change 3   	 	
							
Statements of Income	  				 				 				 				 				 				
							
Net interest income 1	  	 	$108  	  	 	 	$80  	  	 	 	35  	% 	 	 	$379  	  	 	 	$302  	  	 	 	25  	% 	
FTE adjustment	  	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	1  	  	 	 	2  	  	 	 	(50) 	  	
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Net interest income - FTE	  	 	108  	  	 	 	80  	  	 	 	35  	  	 	 	380  	  	 	 	304  	  	 	 	25  	  	
Provision for credit losses 2	  	 	13  	  	 	 	13  	  	 	 	-  	  	 	 	50  	  	 	 	248  	  	 	 	(80) 	  	
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Net interest income after provision for credit losses - FTE	  	 	95  	  	 	 	67  	  	 	 	42  	  	 	 	330  	  	 	 	56  	  	 	 	NM  	  	

Noninterest income before securities gains	  	 	223  	  	 	 	114  	  	 	 	96  	  	 	 	670  	  	 	 	611  	  	 	 	10  	  	
Securities gains, net	  	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Total noninterest income	  	 	223  	  	 	 	114  	  	 	 	96  	  	 	 	670  	  	 	 	611  	  	 	 	10  	  	

Noninterest expense before amortization of intangible assets	  	 	141  	  	 	 	119  	  	 	 	18  	  	 	 	490  	  	 	 	481  	  	 	 	2  	  	
Amortization of intangible assets	  	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Total noninterest expense	  	 	141  	  	 	 	119  	  	 	 	18  	  	 	 	490  	  	 	 	481  	  	 	 	2  	  	

Income before provision for income taxes	  	 	177  	  	 	 	62  	  	 	 	NM  	  	 	 	510  	  	 	 	186  	  	 	 	NM  	  	
Provision for income taxes	  	 	64  	  	 	 	23  	  	 	 	NM  	  	 	 	187  	  	 	 	68  	  	 	 	NM  	  	
FTE adjustment	  	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	1  	  	 	 	2  	  	 	 	(50) 	  	
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Net income including income attributable
to noncontrolling interest	  	 	113  	  	 	 	39  	  	 	 	NM  	  	 	 	322  	  	 	 	116  	  	 	 	NM  	  	
Less: net income attributable to noncontrolling interest	  	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Net income	  	 	$113  	  	 	 	$39  	  	 	 	NM  	% 	 	 	$322  	  	 	 	$116  	  	 	 	NM  	% 	

Total revenue - FTE	  	 	$331  	  	 	 	$194  	  	 	 	71  	% 	 	 	$1,050  	  	 	 	$915  	  	 	 	15  	% 	
							
Selected Average Balances	  				 				 				 				 				 				
							
Total loans	  	 	$11,914  	  	 	 	$10,506  	  	 	 	13  	% 	 	 	$11,225  	  	 	 	$12,842  	  	 	 	(13) 	% 	
Goodwill	  	 	180  	  	 	 	180  	  	 	 	-  	  	 	 	180  	  	 	 	180  	  	 	 	-  	  	
Other intangible assets excluding MSRs	  	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	
Total assets	  	 	21,906  	  	 	 	18,409  	  	 	 	19  	  	 	 	20,387  	  	 	 	21,414  	  	 	 	(5) 	  	
Consumer and commercial deposits	  	 	7,128  	  	 	 	5,722  	  	 	 	25  	  	 	 	6,617  	  	 	 	5,855  	  	 	 	13  	  	
							
Performance Ratios	  				 				 				 				 				 				
							
Efficiency ratio	  	 	42.60  	% 	 	 	61.34  	% 	 				 	 	46.67  	% 	 	 	52.57  	% 	 				
Impact of excluding amortization of intangible assets	  	 	(0.14) 	  	 	 	(0.34) 	  	 				 	 	(0.34) 	  	 	 	(0.47) 	  	 				
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Tangible efficiency ratio	  	 	42.46  	% 	 	 	61.00  	% 	 				 	 	46.33  	% 	 	 	52.10  	% 	 				

 
1 Net interest income does not include the funding benefit that would result from holding shareholders’ equity at the line of business level due to the fact that shareholder’s equity is not allocated to the lines of business at this time.
2 Provision for credit losses represents net charge-offs for the lines of business.
3 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.
 
Page 18

SunTrust Banks, Inc. and Subsidiaries
MORTGAGE LINE OF BUSINESS
(Dollars in millions)    (Unaudited)

																									
 	  	Three Months Ended	 	 	 	 	 	Twelve Months Ended	 	 	 	 	
	  	 	 	 	 	 	 	 	
 	  	  December 31  
2010	 	 	  December 31  
2009	 	 	%
  Change 3   	 	 	  December 31  
2010	 	 	  December 31  
2009	 	 	%
  Change   	 	
							
Statements of Income	  				 				 				 				 				 				
							
Net interest income 1	  	 	$107  	  	 	 	$109  	  	 	 	(2) 	% 	 	 	$427  	  	 	 	$499  	  	 	 	(14) 	% 	
FTE adjustment	  	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Net interest income - FTE	  	 	107  	  	 	 	109  	  	 	 	(2) 	  	 	 	427  	  	 	 	499  	  	 	 	(14) 	  	
Provision for credit losses 2	  	 	226  	  	 	 	296  	  	 	 	(24) 	  	 	 	1,183  	  	 	 	1,125  	  	 	 	5  	  	
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Net interest income after provision for credit losses - FTE	  	 	(119) 	  	 	 	(187) 	  	 	 	(36) 	  	 	 	(756) 	  	 	 	(626) 	  	 	 	21  	  	

Noninterest income before securities losses	  	 	124  	  	 	 	(7) 	  	 	 	NM  	  	 	 	523  	  	 	 	717  	  	 	 	(27) 	  	
Securities losses, net	  	 	-  	  	 	 	(2) 	  	 	 	(100) 	  	 	 	(2) 	  	 	 	(31) 	  	 	 	(94) 	  	
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Total noninterest income	  	 	124  	  	 	 	(9) 	  	 	 	NM  	  	 	 	521  	  	 	 	686  	  	 	 	(24) 	  	

Noninterest expense before amortization/impairment of
goodwill/intangible assets	  	 	281  	  	 	 	262  	  	 	 	7  	  	 	 	1,089  	  	 	 	1,139  	  	 	 	(4) 	  	
Amortization/impairment of goodwill/intangible assets	  	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	279  	  	 	 	(100) 	  	
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Total noninterest expense	  	 	281  	  	 	 	262  	  	 	 	7  	  	 	 	1,089  	  	 	 	1,418  	  	 	 	(23) 	  	

Loss before benefit for income taxes	  	 	(276) 	  	 	 	(458) 	  	 	 	(40) 	  	 	 	(1,324) 	  	 	 	(1,358) 	  	 	 	(3) 	  	
Benefit for income taxes	  	 	(106) 	  	 	 	(177) 	  	 	 	(40) 	  	 	 	(504) 	  	 	 	(366) 	  	 	 	38  	  	
FTE adjustment	  	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Net loss including income attributable
to noncontrolling interest	  	 	(170) 	  	 	 	(281) 	  	 	 	(40) 	  	 	 	(820) 	  	 	 	(992) 	  	 	 	(17) 	  	
Less: net income attributable to noncontrolling interest	  	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	1  	  	 	 	3  	  	 	 	(67) 	  	
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Net loss	  	 	($170) 	  	 	 	($281) 	  	 	 	(40) 	% 	 	 	($821) 	  	 	 	($995) 	  	 	 	(17) 	% 	

Total revenue - FTE	  	 	$231  	  	 	 	$100  	  	 	 	NM  	% 	 	 	$948  	  	 	 	$1,185  	  	 	 	(20) 	% 	
							
Selected Average Balances	  				 				 				 				 				 				
							
Total loans	  	 	$29,572  	  	 	 	$28,959  	  	 	 	2  	% 	 	 	$29,043  	  	 	 	$29,599  	  	 	 	(2) 	% 	
Goodwill	  	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	70  	  	 	 	(100) 	  	
Other intangible assets excluding MSRs	  	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	
Total assets	  	 	35,284  	  	 	 	35,395  	  	 	 	-  	  	 	 	34,793  	  	 	 	37,296  	  	 	 	(7) 	  	
Consumer and commercial deposits	  	 	3,889  	  	 	 	2,749  	  	 	 	41  	  	 	 	3,135  	  	 	 	3,134  	  	 	 	-  	  	
							
Performance Ratios	  				 				 				 				 				 				
							
Efficiency ratio	  	 	121.65  	% 	 	 	262.00  	% 	 				 	 	114.87  	% 	 	 	119.66  	% 	 				
Impact of excluding amortization/impairment of goodwill/intangible assets	  	 	-  	  	 	 	-  	  	 				 	 	-  	  	 	 	(23.91) 	  	 				
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Tangible efficiency ratio	  	 	121.65  	% 	 	 	262.00  	% 	 				 	 	114.87  	% 	 	 	95.75  	% 	 				

Other Information	  				 				 				 				 				 				
							
Production Data	  				 				 				 				 				 				
Channel mix	  				 				 				 				 				 				
Retail	  	 	$4,797  	  	 	 	$4,434  	  	 	 	8  	% 	 	 	$15,818  	  	 	 	$24,735  	  	 	 	(36) 	% 	
Wholesale	  	 	1,782  	  	 	 	2,138  	  	 	 	(17) 	  	 	 	6,583  	  	 	 	12,679  	  	 	 	(48) 	  	
Correspondent	  	 	2,074  	  	 	 	1,849  	  	 	 	12  	  	 	 	6,855  	  	 	 	12,721  	  	 	 	(46) 	  	
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Total production	  	 	$8,653  	  	 	 	$8,421  	  	 	 	3  	% 	 	 	$29,256  	  	 	 	$50,135  	  	 	 	(42) 	% 	

Channel mix - percent	  				 				 				 				 				 				
Retail	  	 	55  	% 	 	 	53  	% 	 				 	 	54  	% 	 	 	49  	% 	 				
Wholesale	  	 	21  	  	 	 	25  	  	 				 	 	23  	  	 	 	25  	  	 				
Correspondent	  	 	24  	  	 	 	22  	  	 				 	 	23  	  	 	 	26  	  	 				
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Total production	  	 	100  	% 	 	 	100  	% 	 				 	 	100  	% 	 	 	100  	% 	 				

Purchase and refinance mix	  				 				 				 				 				 				
Refinance	  	 	$6,707  	  	 	 	$4,851  	  	 	 	38  	% 	 	 	$18,637  	  	 	 	$35,217  	  	 	 	(47) 	% 	
Purchase	  	 	1,946  	  	 	 	3,570  	  	 	 	(45) 	  	 	 	10,619  	  	 	 	14,918  	  	 	 	(29) 	  	
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Total production	  	 	$8,653  	  	 	 	$8,421  	  	 	 	3  	% 	 	 	$29,256  	  	 	 	$50,135  	  	 	 	(42) 	% 	

Purchase and refinance mix - percent	  				 				 				 				 				 				
Refinance	  	 	78  	% 	 	 	58  	% 	 				 	 	64  	% 	 	 	70  	% 	 				
Purchase	  	 	22  	  	 	 	42  	  	 				 	 	36  	  	 	 	30  	  	 				
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Total production	  	 	100  	% 	 	 	100  	% 	 				 	 	100  	% 	 	 	100  	% 	 				

Applications	  	 	$10,846  	  	 	 	$11,918  	  	 	 	(9) 	% 	 	 	$50,069  	  	 	 	$74,422  	  	 	 	(33) 	% 	
							
Mortgage Servicing Data (End of Period)	  				 				 				 				 				 				
Total loans serviced	  	 	$167,236  	  	 	 	$178,923  	  	 	 	(7) 	% 	 				 				 				
Total loans serviced for others	  	 	134,053  	  	 	 	146,699  	  	 	 	(9) 	  	 				 				 				
Net carrying value of MSRs	  	 	1,439  	  	 	 	1,540  	  	 	 	(7) 	  	 				 				 				
Ratio of net carrying value of MSRs to total
loans serviced for others	  	 	1.073  	% 	 	 	1.049  	% 	 				 				 				 				

1 Net interest income does not include the funding benefit that would result from holding shareholders’ equity at the line of business level due to the fact that shareholder’s equity is not allocated to the lines of business at this time.
2 Provision for credit losses represents net charge-offs for the lines of business.
3 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.
 
Page 19

SunTrust Banks, Inc. and Subsidiaries
WEALTH AND INVESTMENT MANAGEMENT LINE OF BUSINESS
(Dollars in millions)    (Unaudited)

																									
 	  	Three Months Ended	 	 	 	 	 	Twelve Months Ended	 	 	 	 	
	  	 	 	 	 	 	 	 	
 	  	  December 31  
2010	 	 	  December 31  
2009	 	 	%
  Change  	 	 	  December 31  
2010	 	 	  December 31  
2009	 	 	%
  Change  	 	
							
Statements of Income	  				 				 				 				 				 				
							
Net interest income 1	  	 	$118  	  	 	 	$109  	  	 	 	8  	% 	 	 	$447  	  	 	 	$399  	  	 	 	12  	% 	
FTE adjustment	  	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Net interest income - FTE	  	 	118  	  	 	 	109  	  	 	 	8  	  	 	 	447  	  	 	 	399  	  	 	 	12  	  	
Provision for credit losses 2	  	 	17  	  	 	 	18  	  	 	 	(6) 	  	 	 	61  	  	 	 	79  	  	 	 	(23) 	  	
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Net interest income after provision for credit losses - FTE	  	 	101  	  	 	 	91  	  	 	 	11  	  	 	 	386  	  	 	 	320  	  	 	 	21  	  	

Noninterest income before securities losses	  	 	243  	  	 	 	207  	  	 	 	17  	  	 	 	822  	  	 	 	754  	  	 	 	9  	  	
Securities losses, net	  	 	-  	  	 	 	(1) 	  	 	 	(100) 	  	 	 	-  	  	 	 	(1) 	  	 	 	(100) 	  	
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Total noninterest income	  	 	243  	  	 	 	206  	  	 	 	18  	  	 	 	822  	  	 	 	753  	  	 	 	9  	  	

Noninterest expense before amortization of intangible assets	  	 	240  	  	 	 	222  	  	 	 	8  	  	 	 	904  	  	 	 	849  	  	 	 	6  	  	
Amortization of intangible assets	  	 	3  	  	 	 	3  	  	 	 	-  	  	 	 	12  	  	 	 	12  	  	 	 	-  	  	
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Total noninterest expense	  	 	243  	  	 	 	225  	  	 	 	8  	  	 	 	916  	  	 	 	861  	  	 	 	6  	  	

Income before provision for income taxes	  	 	101  	  	 	 	72  	  	 	 	40  	  	 	 	292  	  	 	 	212  	  	 	 	38  	  	
Provision for income taxes	  	 	35  	  	 	 	28  	  	 	 	25  	  	 	 	105  	  	 	 	80  	  	 	 	31  	  	
FTE adjustment	  	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Net income including income attributable
to noncontrolling interest	  	 	66  	  	 	 	44  	  	 	 	50  	  	 	 	187  	  	 	 	132  	  	 	 	42  	  	
Less: net income attributable to noncontrolling interest	  	 	6  	  	 	 	-  	  	 	 	-  	  	 	 	7  	  	 	 	-  	  	 	 	-  	  	
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Net income	  	 	$60  	  	 	 	$44  	  	 	 	36  	% 	 	 	$180  	  	 	 	$132  	  	 	 	36  	% 	

Total revenue - FTE	  	 	$361  	  	 	 	$315  	  	 	 	15  	% 	 	 	$1,269  	  	 	 	$1,152  	  	 	 	10  	% 	
							
Selected Average Balances	  				 				 				 				 				 				
							
Total loans	  	 	$7,934  	  	 	 	$8,190  	  	 	 	(3) 	% 	 	 	$8,106  	  	 	 	$8,351  	  	 	 	(3) 	% 	
Goodwill	  	 	361  	  	 	 	353  	  	 	 	2  	  	 	 	361  	  	 	 	348  	  	 	 	4  	  	
Other intangible assets excluding MSRs	  	 	51  	  	 	 	55  	  	 	 	(7) 	  	 	 	51  	  	 	 	59  	  	 	 	(14) 	  	
Total assets	  	 	9,040  	  	 	 	9,017  	  	 	 	-  	  	 	 	9,177  	  	 	 	9,136  	  	 	 	-  	  	
Consumer and commercial deposits	  	 	12,688  	  	 	 	11,899  	  	 	 	7  	  	 	 	11,832  	  	 	 	11,184  	  	 	 	6  	  	
							
Performance Ratios	  				 				 				 				 				 				
							
Efficiency ratio	  	 	67.31  	% 	 	 	71.43  	% 	 				 	 	72.18  	% 	 	 	74.74  	% 	 				
Impact of excluding amortization of intangible assets	  	 	(1.58) 	  	 	 	(2.12) 	  	 				 	 	(1.96) 	  	 	 	(2.26) 	  	 				
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Tangible efficiency ratio	  	 	65.73  	% 	 	 	69.31  	% 	 				 	 	70.22  	% 	 	 	72.48  	% 	 				

Other Information (End of Period)	  				 				 				 				 				 				
							
Assets under adminstration 3	  				 				 				 				 				 				
Managed (discretionary) assets	  	 	$105,079  	  	 	 	$119,463  	  	 	 	(12) 	% 	 				 				 				
Non-managed assets	  	 	45,909  	  	 	 	46,056  	  	 	 	-  	  	 				 				 				
	  	 	 	 	 	 	 	 	 				 				 				 				
Total assets under administration	  	 	150,988  	  	 	 	165,519  	  	 	 	(9) 	  	 				 				 				

Brokerage assets	  	 	34,643  	  	 	 	31,827  	  	 	 	9  	  	 				 				 				
Corporate trust assets	  	 	9,833  	  	 	 	8,093  	  	 	 	22  	  	 				 				 				
	  	 	 	 	 	 	 	 	 				 				 				 				
Total assets under advisement	  	 	$195,464  	  	 	 	$205,439  	  	 	 	(5) 	  	 				 				 				

 
1 Net interest income does not include the funding benefit that would result from holding shareholders’ equity at the line of business level due to the fact that shareholder’s equity is not allocated to the lines of business at this time.
2 Provision for credit losses represents net charge-offs for the lines of business.
3  December 31, 2009 assets under management and assets under administration includes $18 billion in money market fund assets that were previously managed by RidgeWorth. SunTrust completed the sale of their money market fund business to Federated Investors, Inc. in the fourth quarter of 2010.
 
Page 20

SunTrust Banks, Inc. and Subsidiaries
CORPORATE OTHER AND TREASURY
(Dollars in millions)    (Unaudited)

																									
 	  	Three Months Ended	 	 	 	 	 	Twelve Months Ended	 	  	 	 	
	  	 	 	 	 	 	 	 	
 	  	  December 31  
2010	 	 	  December 31  
2009	 	 	%
  Change 2   	 	 	  December 31  
2010	 	  	  December 31  
2009	 	  	%
  Change 2   	 	
							
Statements of Income	  				 				 				 				  				  				
							
Net interest income	  	 	$112  	  	 	 	$90  	  	 	 	24  	% 	 	 	$357  	  	  	 	$271  	  	  	 	32  	% 	
FTE adjustment	  	 	3  	  	 	 	3  	  	 	 	-  	  	 	 	10  	  	  	 	14  	  	  	 	(29) 	  	
	  	 	 	 	 	 	 	 	 				 	 	 	 	  	 	 	 	  				
Net interest income - FTE	  	 	115  	  	 	 	93  	  	 	 	24  	  	 	 	367  	  	  	 	285  	  	  	 	29  	  	
Provision for credit losses 1	  	 	(108) 	  	 	 	153  	  	 	 	NM  	  	 	 	(204) 	  	  	 	829  	  	  	 	NM  	  	
	  	 	 	 	 	 	 	 	 				 	 	 	 	  	 	 	 	  				
Net interest income after provision for credit losses - FTE	  	 	223  	  	 	 	(60) 	  	 	 	NM  	  	 	 	571  	  	  	 	(544) 	  	  	 	NM  	  	

Noninterest income before securities gains	  	 	20  	  	 	 	(24) 	  	 	 	NM  	  	 	 	82  	  	  	 	42  	  	  	 	95  	  	
Securities gains, net	  	 	64  	  	 	 	76  	  	 	 	(16) 	  	 	 	193  	  	  	 	130  	  	  	 	48  	  	
	  	 	 	 	 	 	 	 	 				 	 	 	 	  	 	 	 	  				
Total noninterest income	  	 	84  	  	 	 	52  	  	 	 	62  	  	 	 	275  	  	  	 	172  	  	  	 	60  	  	

Noninterest expense before amortization of intangible assets	  	 	19  	  	 	 	7  	  	 	 	NM  	  	 	 	73  	  	  	 	80  	  	  	 	(9) 	  	
Amortization of intangible assets	  	 	-  	  	 	 	-  	  	 	 	-  	  	 	 	-  	  	  	 	2  	  	  	 	(100) 	  	
	  	 	 	 	 	 	 	 	 				 	 	 	 	  	 	 	 	  				
Total noninterest expense	  	 	19  	  	 	 	7  	  	 	 	NM  	  	 	 	73  	  	  	 	82  	  	  	 	(11) 	  	

Income/(loss) before provision/(benefit) for income taxes	  	 	288  	  	 	 	(15) 	  	 	 	NM  	  	 	 	773  	  	  	 	(454) 	  	  	 	NM  	  	
Provision/(benefit) for income taxes	  	 	113  	  	 	 	(34) 	  	 	 	NM  	  	 	 	269  	  	  	 	(260) 	  	  	 	NM  	  	
FTE adjustment	  	 	3  	  	 	 	3  	  	 	 	-  	  	 	 	10  	  	  	 	14  	  	  	 	(29) 	  	
	  	 	 	 	 	 	 	 	 				 	 	 	 	  	 	 	 	  				
Net income/(loss) including income attributable
to noncontrolling interest	  	 	172  	  	 	 	16  	  	 	 	NM  	  	 	 	494  	  	  	 	(208) 	  	  	 	NM  	  	
Less: net income attributable to noncontrolling interest	  	 	2  	  	 	 	3  	  	 	 	(33) 	  	 	 	9  	  	  	 	9  	  	  	 	-  	  	
	  	 	 	 	 	 	 	 	 				 	 	 	 	  	 	 	 	  				
Net income/(loss)	  	 	$170  	  	 	 	$13  	  	 	 	NM  	% 	 	 	$485  	  	  	 	($217) 	  	  	 	NM  	% 	

Total revenue - FTE	  	 	$199  	  	 	 	$145  	  	 	 	37  	% 	 	 	$642  	  	  	 	$457  	  	  	 	40  	% 	
							
Selected Average Balances	  				 				 				 				  				  				
							
Total loans	  	 	$200  	  	 	 	$218  	  	 	 	(8) 	% 	 	 	$203  	  	  	 	$191  	  	  	 	6  	% 	
Securities available for sale	  	 	26,416  	  	 	 	24,935  	  	 	 	6  	  	 	 	25,946  	  	  	 	21,268  	  	  	 	22  	  	
Goodwill	  	 	-  	  	 	 	(1) 	  	 	 	100  	  	 	 	(1) 	  	  	 	-  	  	  	 	(100) 	  	
Other intangible assets excluding MSRs	  	 	2  	  	 	 	4  	  	 	 	(50) 	  	 	 	4  	  	  	 	5  	  	  	 	(20) 	  	
Total assets	  	 	34,670  	  	 	 	34,573  	  	 	 	-  	  	 	 	33,649  	  	  	 	27,952  	  	  	 	20  	  	
Consumer and commercial deposits	  	 	763  	  	 	 	764  	  	 	 	-  	  	 	 	727  	  	  	 	702  	  	  	 	4  	  	
							
Other Information	  				 				 				 				  				  				
							
Duration of investment portfolio	  	 	3.3  	% 	 	 	3.0  	% 	 				 				  				  				
							
Accounting net interest income interest rate sensitivity 3  :	  				 				 				 				  				  				
% Change in net interest income under:	  				 				 				 				  				  				
Instantaneous 100 bp increase in rates over next
12 months	  	 	0.5  	% 	 	 	0.5  	% 	 				 				  				  				
Instantaneous 100 bp decrease in rates over next
12 months	  	 	(1.0) 	% 	 	 	(0.3) 	% 	 				 				  				  				
							
Economic net interest income interest rate sensitivity 3 :	  				 				 				 				  				  				
% Change in net interest income under:	  				 				 				 				  				  				
Instantaneous 100 bp increase in rates over next
12 months	  	 	0.2  	% 	 	 	-  	% 	 				 				  				  				
Instantaneous 100 bp decrease in rates over next
12 months	  	 	(0.9) 	% 	 	 	0.1  	% 	 				 				  				  				

       1	Provision for credit losses is the difference between net charge-offs recorded by the lines of business and consolidated provision for credit losses.	
       2	“NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.	
       3	The recognition of interest rate sensitivity from an accounting perspective is different from the economic perspective due to the election of fair value accounting for certain long term debt and the related interest rate swaps. The net interest income sensitivity profile from an economic perspective assumes the net interest payments from the related swaps were included in net interest income.	
 
Page 21

SunTrust Banks, Inc. and Subsidiaries
CONSOLIDATED - SEGMENT TOTALS
(Dollars in millions)    (Unaudited)

																									
 	  	Three Months Ended	 	 	 	 	 	Twelve Months Ended	 	 	 	 	
	  	 	 	 	 	 	 	 	
 	  	  December 31  
2010	 	 	  December 31  
2009	 	 	%
  Change 1   	 	 	  December 31  
2010	 	 	  December 31  
2009	 	 	%
  Change 1   	 	
							
Statements of Income	  				 				 				 				 				 				
							
Net interest income	  	 	$1,266  	  	 	 	$1,177  	  	 	 	8  	% 	 	 	$4,854  	  	 	 	$4,466  	  	 	 	9  	% 	
FTE adjustment	  	 	28  	  	 	 	30  	  	 	 	(7) 	  	 	 	116  	  	 	 	123  	  	 	 	(6) 	  	
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Net interest income - FTE	  	 	1,294  	  	 	 	1,207  	  	 	 	7  	  	 	 	4,970  	  	 	 	4,589  	  	 	 	8  	  	
Provision for credit losses	  	 	512  	  	 	 	974  	  	 	 	(47) 	  	 	 	2,651  	  	 	 	4,064  	  	 	 	(35) 	  	
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Net interest income after provision for credit losses - FTE	  	 	782  	  	 	 	233  	  	 	 	NM  	  	 	 	2,319  	  	 	 	525  	  	 	 	NM  	  	

Noninterest income before securities gains	  	 	968  	  	 	 	669  	  	 	 	45  	  	 	 	3,538  	  	 	 	3,612  	  	 	 	(2) 	  	
Securities gains, net	  	 	64  	  	 	 	73  	  	 	 	(12) 	  	 	 	191  	  	 	 	98  	  	 	 	95  	  	
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Total noninterest income	  	 	1,032  	  	 	 	742  	  	 	 	39  	  	 	 	3,729  	  	 	 	3,710  	  	 	 	1  	  	

Noninterest expense before amortization/impairment of
goodwill/intangible assets	  	 	1,536  	  	 	 	1,441  	  	 	 	7  	  	 	 	5,860  	  	 	 	5,755  	  	 	 	2  	  	
Amortization/impairment of goodwill/intangible assets	  	 	12  	  	 	 	12  	  	 	 	-  	  	 	 	51  	  	 	 	807  	  	 	 	(94) 	  	
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Total noninterest expense	  	 	1,548  	  	 	 	1,453  	  	 	 	7  	  	 	 	5,911  	  	 	 	6,562  	  	 	 	(10) 	  	

Income/(loss) before provision/(benefit) for income taxes	  	 	266  	  	 	 	(478) 	  	 	 	NM  	  	 	 	137  	  	 	 	(2,327) 	  	 	 	NM  	  	
Provision/(benefit) for income taxes	  	 	45  	  	 	 	(263) 	  	 	 	NM  	  	 	 	(185) 	  	 	 	(898) 	  	 	 	(79) 	  	
FTE adjustment	  	 	28  	  	 	 	30  	  	 	 	(7) 	  	 	 	116  	  	 	 	123  	  	 	 	(6) 	  	
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Net income/(loss) including income attributable
to noncontrolling interest	  	 	193  	  	 	 	(245) 	  	 	 	NM  	  	 	 	206  	  	 	 	(1,552) 	  	 	 	NM  	  	
Less: net income attributable to noncontrolling interest	  	 	8  	  	 	 	3  	  	 	 	NM  	  	 	 	17  	  	 	 	12  	  	 	 	42  	  	
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Net income/(loss)	  	 	$185  	  	 	 	($248) 	  	 	 	NM  	% 	 	 	$189  	  	 	 	($1,564) 	  	 	 	NM  	% 	

Total revenue - FTE	  	 	$2,326  	  	 	 	$1,949  	  	 	 	19  	% 	 	 	$8,699  	  	 	 	$8,299  	  	 	 	5  	% 	
							
Selected Average Balances	  				 				 				 				 				 				
							
Total loans	  	 	$114,930  	  	 	 	$115,036  	  	 	 	-  	% 	 	 	$113,925  	  	 	 	$121,041  	  	 	 	(6) 	% 	
Goodwill	  	 	6,323  	  	 	 	6,315  	  	 	 	-  	  	 	 	6,322  	  	 	 	6,496  	  	 	 	(3) 	  	
Other intangible assets excluding MSRs	  	 	131  	  	 	 	176  	  	 	 	(26) 	  	 	 	147  	  	 	 	196  	  	 	 	(25) 	  	
Total assets	  	 	174,768  	  	 	 	174,041  	  	 	 	-  	  	 	 	172,375  	  	 	 	175,442  	  	 	 	(2) 	  	
Consumer and commercial deposits	  	 	119,688  	  	 	 	117,008  	  	 	 	2  	  	 	 	117,129  	  	 	 	113,164  	  	 	 	4  	  	
							
Performance Ratios	  				 				 				 				 				 				
							
Efficiency ratio	  	 	66.57  	% 	 	 	74.58  	% 	 				 	 	67.94  	% 	 	 	79.07  	% 	 				
Impact of excluding amortization/impairment of goodwill/intangible assets	  	 	(0.50) 	  	 	 	(0.62) 	  	 				 	 	(0.58) 	  	 	 	(9.72) 	  	 				
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Tangible efficiency ratio	  	 	66.07  	% 	 	 	73.96  	% 	 				 	 	67.36  	% 	 	 	69.35  	% 	 				

 
1 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.
 
Page 22

	

SunTrust
Banks,
Inc.
4Q
2010
Earnings
Presentation
January 21, 2011
Exhibit 99.2	

	

1
Important Cautionary Statement About Forward-Looking Statements
The following should be read in conjunction with the financial statements, notes and other information contained in the Company’s 2009 Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports
on Form 8-K. 

This presentation includes non-GAAP financial measures to describe SunTrust’s performance. The reconciliations of those measures to GAAP measures are provided within or in the appendix of this presentation. In this
presentation, the Company presents net interest income and net interest margin on a fully taxable-equivalent (“FTE”) basis, and ratios on an annualized basis. The FTE basis adjusts for the tax-favored status of income from
certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and provides relevant comparison between taxable and non-taxable amounts.

This presentation contains forward-looking statements. Statements regarding future levels of net interest margin, future levels of and rates of change in delinquencies, future levels of nonperforming loans and charge-offs,
the impact of legislative and regulatory changes, are forward-looking statements. Also, any statement that does not describe historical or current facts, is a forward-looking statement. These statements often include the
words “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “targets,” “initiatives,” “potentially,” “potential impacts,” “probably,” “projects,” “outlook” or similar expressions or future conditional verbs such
as “may,” “will,” “should,” “would,” and “could.” Forward-looking statements are based upon the current beliefs and expectations of management and on information currently available to management. Such statements
speak as of the date hereof, and we do not assume any obligation to update the statements made herein or to update the reasons why actual results could differ from those contained in such statements in light of new
information or future events.

Forward-looking statements are subject 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 actual results to differ materially from those described in the forward-looking statements can be found in Item 1A of Part I of our 10-K and in other periodic reports that
we file with the SEC. Those factors include: our expense for regulatory assessment may increase as a result of the passage of the Dodd-Frank Reform Act; difficult market conditions have adversely affected our industry;
recent levels of market volatility are unprecedented; we are subject to capital adequacy guidelines and, if we fail to meet these guidelines, our financial condition would be adversely affected; recently enacted legislation, or
legislation enacted in the future, or any proposed federal programs subject us to increased regulation and may adversely affect us; we have not yet received permission to repay TARP funds; emergency measures designed to
stabilize the U.S. banking system are beginning to wind down; we are subject to credit risk; weakness in the economy and in the real estate market, including specific weakness within our geographic footprint, has adversely
affected us and may continue to adversely affect us; weakness in the real estate market, including the secondary residential mortgage loan markets, has adversely affected us and may continue to adversely affect us; as a
financial services company, adverse changes in general business or economic conditions could have a material adverse effect on our financial condition and results of operations; changes in market interest rates or capital
markets could adversely affect our revenue and expense, the value of assets and obligations, and the availability and cost of capital or liquidity; the fiscal and monetary policies of the federal government and its agencies
could have a material adverse effect on our earnings; we are subject to certain risks from originating, selling, and holding mortgages, including the risk that 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, and the risk of delays in the foreclosure process, both of which could harm our liquidity,
results of operations, and financial condition; we may continue to suffer increased losses in our loan portfolio despite enhancement of our underwriting policies; depressed market values for our stock may require us to write
down goodwill; clients could pursue alternatives to bank deposits, causing us to lose a relatively inexpensive source of funding; consumers may decide not to use banks to complete their financial transactions, which could
affect net income; we have businesses other than banking which subject us to a variety of risks; hurricanes and other natural disasters may adversely affect loan portfolios and operations and increase the cost of doing
business; negative public opinion could damage our reputation and adversely impact business and revenues; we rely on other companies to provide key components of our business infrastructure; the soundness of other
financial institutions could adversely affect us; we rely on our systems, employees, and certain counterparties, and certain failures could materially adversely affect our operations; we depend on the accuracy and
completeness of information about clients and counterparties; we are subject to certain litigation, and our expenses related to this litigation may adversely affect our results; regulation by federal and state agencies could
adversely affect the business, revenue, and profit margins; competition in the financial services industry is intense and could result in losing business or reducing margins; future legislation could harm our competitive
position; maintaining or increasing market share depends on market acceptance and regulatory approval of new products and services; we may not pay dividends on your common stock; our ability to receive dividends from
our subsidiaries accounts for most of our revenue and could affect our liquidity and ability to pay dividends; significant legal actions could subject us to substantial uninsured liabilities; recently declining values of real estate,
increases in unemployment, and the related effects on local economies may increase our credit losses, which would negatively affect our financial results; deteriorating credit quality, particularly in real estate loans, has
adversely impacted us and may continue to adversely impact us; our allowance for loans and lease losses may not be adequate to cover our eventual losses; we will realize future losses if the proceeds we receive upon
liquidation of nonperforming assets are less than the carrying value of such assets; disruptions in our ability to access global capital markets may negatively affect our capital resources and liquidity; in 2009 and 2010, credit
rating agencies downgraded the credit ratings of SunTrust Bank and SunTrust Banks, Inc., and these downgrades and any subsequent downgrades could adversely impact the price and liquidity of our securities and could
have an impact on our businesses and results of operations; we have in the past and may in the future pursue acquisitions, which could affect costs and from which we may not be able to realize anticipated benefits; we
depend on the expertise of key personnel, and if these individuals leave or change their roles without effective replacements, operations may suffer; we may not be able to hire or retain additional qualified personnel and
recruiting and compensation costs may increase as a result of turnover, both of which may increase costs and reduce profitability and may adversely impact our ability to implement our business strategy; our accounting
policies and processes are critical to how we report our financial condition and results of operations, and require management to make estimates about matters that are uncertain; changes in our accounting policies or in
accounting standards could materially affect how we report our financial results and condition; our stock price can be volatile; our disclosure controls and procedures may not prevent or detect all errors or acts of fraud; our
financial instruments carried at fair value expose us to certain market risks; our revenues derived from our investment securities may be volatile and subject to a variety of risks; and we may enter into transactions with off-
balance sheet affiliates or our subsidiaries.	

	

2
I.    HIGHLIGHTS
II.   CAPITAL
III.  FINANCIAL PERFORMANCE
Table of Contents
IV.  RISK REVIEW
V.   APPENDIX	

	

Fourth Quarter Highlights
I. HIGHLIGHTS
3	

	

4
Regulatory and Legislative Update
I. HIGHLIGHTS
Impacts Becoming Clearer
Comments
Potential Impact
Regulation E
SunTrust Fee Change
•
Client “opt-in”
for overdrafts
•
No charge for items < $5.00
•
$80-$120 million annual
•
$40-$50 million annual
•
Note: impacts of both items already
in 4Q 2010 run-rate and exclude
mitigating actions
Derivatives (Volcker)
•
$80 million in 2010 revenue
•
Minimal
Debit Interchange
(Durbin)
•
$332
million
in
2010
revenue
1
74% Signature / 26% Pin
•
~75% potential revenue impact
beginning
in
2H
2011
–
based
upon
current proposal and before any
mitigating actions
Deposit Insurance
•
$256 million 2010 assessment
•
Expect modest 2011 increase with
some variability in quarterly
expense
2
Capital
•
Tier 1 Common Ratio exceeds
the
7%
2019
Basel
III
target
3
•
$2.2 billion TruPS
affected by
Collins amendment
•
Ratio expected to increase
modestly under Basel III calculation
•
~170 bps Tier 1 capital
reduction over 3 years beginning
2013
4
1.
Includes consumer and commercial debit revenue
2.
Estimate prepared using current SunTrust balance sheet and SunTrust’s interpretation of the proposed regulation
3.
Based upon current estimates.  7% target includes the 4.5% minimum plus the 2.5% conservation buffer.  Does not include the 0-2.5% countercyclical buffer
4.
Impact based upon 4Q 2010 estimated risk-weighted assets	

	

5
4Q 2010
3Q 2010
2Q 2010
1Q 2010
Estimate
Actual                 Actual
Actual
Regulatory Capital Ratios Continued to Trend Higher
Tier 1 Common Ratio
Tangible
Common
Equity
Ratio
1
Tier 1 Capital Ratio
Tier
1
Capital
Ratio
(Excl
TARP)
2
Total Capital Ratio
Book Value per Share                          
Tangible Common Book Value
per Share
1
Capital Ratio Trend
II. CAPITAL
7.70%
6.88%
13.13%
9.56%
16.68%
$35.40
$22.76
7.92%
7.18%
13.51%
9.84%
16.96%
$36.19
$23.58
8.02%
7.26%
13.58%
9.93%
16.42%
$37.01
$24.42
8.08%
7.15%
13.65%
10.00%
16.50%
$36.34
$23.76
1.
Please refer to the appendix to this presentation for a reconcilement to the most directly comparable GAAP financial measure
2.
TARP preferred included in Tier 1 ratio contributes an estimated 3.65% to the 12/31/10 Tier 1 capital ratio, 3.65% at 9/30/10, 3.67% at 6/30/10, and 3.57% at 3/31/10	

	

$1.9B
excess
Tier
1
Common
Ratio
Exceeds
2019
Basel
III
Standard
1
Tier 1 Common
II. CAPITAL
1.
2019 is the effective date for Basel III requirement.  Includes the 4.5% minimum standard plus the 2.5% conservation buffer; does not include a countercyclical buffer
7%
6	

	

7
($ in millions, except per share data)
Q4 Earnings Per Share of $0.23; Net Income Before Preferred Dividends Positive for Full Year 2010
Income Statement Highlights
III.
FINANCIAL
PERFORMANCE
Net Interest Income (FTE)
Provision for Credit Losses
Noninterest Income
Total Revenue (FTE)
Total Noninterest Expense
Pre-Tax Income/(Loss)
Provision/(Benefit) for Income Taxes
Net Income/(Loss)
Preferred Dividends
Net Income/(Loss) Available to Common Shareholders
Net Income/(Loss) Per Average Common Diluted Share
% Change          % Change         
% Change
4Q 2010               3Q 2010             4Q 2009           FY 2010            FY 2009
$1,294
512
1,032
2,326
1,548
230
45
185
69
114
$0.23
$4,970
2,651
3,729
8,699
5,911
4
(185)
189
274
(87)
$(0.18)
2%
(17)%
(1)%
1%
3%
38%
NM
21%
(0)%
36%
35%
7%
(47)%
39%
19%
7%
NM
NM
NM
1%
NM
NM
8%
(35)%
1%
5%
(10)%
NM
79%
NM
(2)%
NM
NM
NM – not meaningful; changes over 100% or where results change from negative to positive or vice versa	

	

8
2%
(0)%
(17)%
2%                              
(1)%
12%
12%
0%           
2%
5%                              
5%        
5%
0%         
(7)%      
(10)%
2%       
3%       
2%
($ in millions, quarterly average balances)
Balance Sheet Summary
Commercial
Real Estate Home Equity Lines
Real Estate Construction
Real Estate 1-4 Family
Real Estate Commercial
Consumer –
Direct
Consumer –
Indirect
Credit Card
Total Loans
1
Noninterest-Bearing Deposits
NOW Accounts
Money Market Accounts
Savings
Consumer Time
Other Time
Total Consumer and Commercial Deposits       
Brokered and Foreign Deposits
Total Deposits
4Q 2010
3Q 2010
3Q 2010
4Q 2009
Annualized
% Change
III. FINANCIAL PERFORMANCE
1.
Excludes $4.2 billion of nonaccrual loans
Loan Portfolio Grew Modestly; Favorable Deposit Trends Continued
$33,067
14,738
2,839
29,789                              
13,967
6,565
8,683
1,054           
$110,702
$27,848                              
24,637        
41,711
4,087         
13,360     
8,045
119,688       
2,827       
$122,515
7%
(1)%
(69)%
7%
(6)%
47%
47%
2%           
7%
20%
19%        
19%
1%         
(28)%      
(39)%
8%       
13%       
8%
1%
(4)%
(40)%
4%
(9)%
29%
31%
6%           
1%
11%
(7)%        
22%
7%         
(14)%      
(32)%
2%       
(45)%       
0%	

	

9
U.S. Treasury
U.S. Agency
MBS –
Agency
U.S. States and Subdivisions
MBS –
Private
Corporate & Other
Asset –
Backed Securities
Other Equity
Total AFS
4Q 2010                 3Q 2010                $ Change
Securities
Available for Sale
($ in billions, period-end balances)
Securities Portfolio
III. FINANCIAL PERFORMANCE
$6.4
1.9
17.0
0.7
0.3
0.5
0.9
2.6
$30.3
$(0.9)
-
(2.6)
(0.1)
-
-
(0.1)
0.3
$(3.4)
Portfolio
Reduced
Amidst
Rising
Rates,
Generating
$64
Million
in
Gains
Note:  Columns may not foot due to rounding
$5.5
1.9
14.4
0.6
0.3
0.5
0.8
2.9
$26.9	

	

10
3.27%
3.32%
3.33%
3.41%
4Q 2009
1Q 2010
2Q 2010
3Q 2010
4Q 2010
Margin Expanded from Lower Funding Costs
•
Margin expanded due to
favorable deposit trends more
than offsetting lower earning
asset yields
•
Margin expected to remain
relatively stable in 1Q 2011
•
Risks to margin include: impacts
of prolonged low rate
environment, a shift in deposit
volume and mix, and loan
pricing
•
Opportunities include continued
deposit re-pricing and lower
NPAs
Net Interest Margin
III. FINANCIAL PERFORMANCE
3.44%	

	

11
($ in millions)
Provision Declined as Credit Quality Continued to Improve
Provision For Credit Losses
III. FINANCIAL PERFORMANCE
Provision for Credit Losses
1
Net Charge-offs
Net Charge-off Ratio
Net ALLL Incr/(Decr)
2
Allowance to Loan Ratio
2
4Q 2010       3Q 2010       2Q 2010       1Q 2010        4Q 2009
1.  Includes impacts of $3 million increase in unfunded  commitment  reserve in 4Q 2010 and reductions to this reserve of $5 million, $40 million and $15 million in 3Q 2010, 2Q 2010 and 1Q
2010, respectively. 4Q 2009 includes $57 million in provision for unfunded commitments
2.  Does not include unfunded commitment reserves
$974
$821
2.83%
$96
2.76%
$862
$821
2.91%
$56
2.80%
$662
$722
2.57%
$(20)
2.81%
$615
$690
2.42%
$(70)
2.69%
$512
$621
2.14%
$(112)
2.58%	

	

12
Noninterest Income   
Net
Adjustments
1
Adjusted Noninterest Income
Sequential Quarter Drivers
Adjusted
Mortgage
Production
2
Mortgage Servicing
Adjusted
Trading
Income
2
($ in millions)
1.
Adjustment detail included in appendix, securities gains and losses are included in adjustments
2.
Adjusted
detail
included
in
appendix.
GAAP
numbers
for
Mortgage
Production
are
$41
million
and
$133
million
in
4Q
2010
and
3Q
2010,
respectively.
GAAP
numbers
for
Trading
Income
are
$93
million
and
$(22)
million
in
4Q
2010
and
3Q
2010,
respectively
Noninterest Income
III. FINANCIAL PERFORMANCE
$1,047
59 
$988
$139
132
(18)
( 1)%
(6)%
$(89)
(64)
76
39%
30%
$742
30 
$712
$1,032
103 
$929
$50
68
58
Change
4Q 2010          3Q 2010          4Q 2009
3Q 2010
4Q 2009
$                       
Change
4Q 2010          3Q 2010
Diverse Revenue Stream Enabled Only Modest Sequential Decline Despite Lower Mortgage Revenues

	

13
…and Repurchase Request Volume Declined.
Summary Statistics
….as Pending Demands Declined in 4Q 2010….
Losses and Reserves Stabilized…
III. FINANCIAL PERFORMANCE
Mortgage Repurchase Trends
($ in Millions)
4Q 09
1Q 10
2Q 10
3Q 10
4Q 10
Period-end Balance
$326
$287
$317
$320
$293
% Non-Agency
11%
10%
5%
7%
10%
($ in Millions)
4Q 09
1Q 10
2Q 10
3Q 10
4Q 10
2005 & Prior
$15
$18
$21
$26
$20
2006
77
65
85
71
69
2007
187
168
204
134
108
2008
34
25
30
27
25
2009
9
8
8
4
7
2010
0
0
0
1
4
Total
$322
$285
$349
$263
$233
% Non-Agency
5%
4%
3%
6%
7%
Metric
(2005
–
2010
vintages)
1
Amount ($B)
Sold UPB
$204
Remaining UPB
114
Cumulative Repurchase Requests
3.4
Requests Resolved
3.1
Losses Recognized to Date
0.7
4Q 2010 Reserve
0.3
Income Statement Impact to Date
1.0
Memo:  Non-Agency UPB
$17
2
1.
Includes estimates
2.
Amount is included in the $114 billion of Remaining UPB
($ in Millions)
4Q 09
1Q 10
2Q 10
3Q 10
4Q 10
Beginning Balance
$123
$200
$210
$256
$270
Additions
220
128
148
95
85
Charge-Offs
(143)
(118)
(102)
(81)
(90)
Ending Balance
$200
$210
$256
$270
$265	

	

14
Noninterest Expense   
Net Adjustments
1
Adjusted Noninterest Expense
Sequential
Quarter
Drivers
Employee Compensation & Benefits
Outside Processing & Software
Marketing & Customer Development
($ in millions)
1.  Adjustment detail included in appendix
Noninterest Expense
III. FINANCIAL PERFORMANCE
$1,548
15 
$1,533
$738
174
56
3%
3%
$29
17
13
7%
8%
$1,453
38 
$1,415
$1,499
12 
$1,487
$709
157
43
Change
4Q 2010          3Q 2010          4Q 2009
3Q 2010
4Q 2009
Expense
Results
$                       
Change
4Q 2010          3Q 2010
Sequentially Higher Expenses due Primarily to Investments for Future Growth	

	

15
Asset Quality Metrics
IV. RISK REVIEW
($ in millions)
Asset Quality Continued to Improve in All Key Metrics
4Q 2010
3Q 2010
2Q 2010
4Q10 vs
3Q10
3Q10 vs
2Q10
Total Loans at End of Period
$115,975
$115,055
$112,925
$920
$2,130
1
2,974
3,086
3,156
(112)
(70)
Net Charge-offs
621
690
722
(69)
(32)
Provision Expense
2
512
615
662
(103)
(47)
NPAs
4,758
5,069
5,463
(311)
(394)
NPLs
to Total Loans
3.54%
3.80%
4.16%
(0.26)
(0.36)
NPAs
to Total Loans + OREO/OA
4.08%
4.38%
4.81%
(0.30)
(0.43)
ALLL to Loans
2.58%
2.69%
2.81%
(0.11)
(0.12)
NCOs (Annualized to Average Loans)
2.14%
2.42%
2.57%
(0.28)
(0.15)
30-89 Days Past Due
1.18%
1.24%
1.26%
(0.06)
(0.02)
30-89 Days Past Due
(excluding federally
guaranteed student loans and GNMA
repurchases)
0.90%
0.96%
0.98%
(0.06)
(0.02)
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Allowance for Loans & Lease Losses	

	

16
Loan Portfolio
IV. RISK REVIEW
1.
Approximately
91%
of
the
student
loan
portfolio
was
government-guaranteed
at
December
31,
2010
and
September
30,
2010
($ in millions)
Total Loans $115,975
Asset Quality Issues Remain Concentrated in Real Estate Secured Portfolios
Balance
% of
Balance
C/O Ratio
C/O Ratio
30-89 DLQ%
30-89 DLQ%
4Q 2010
Portfolio
3Q 2010
4Q 2010
3Q 2010
4Q 2010
3Q 2010
Commercial
$34,064
29%
$32,847
1.11%
0.77%
0.18%
0.21%
Commercial Real Estate
14,542
13%
14,813
1.04%
1.09%
0.39%
0.62%
Consumer Direct -
Student Loans 1
4,673
4%
4,437
0.49%
0.33%
8.32%
8.14%
Consumer Direct -
Other
1,965
2%
2,055
0.98%
0.84%
0.66%
0.62%
Total Consumer -
Direct 
6,638
6%
6,492
0.60%
0.54%
6.05%
5.76%
Consumer -
Indirect
9,291
8%
8,165
0.64%
0.56%
0.79%
0.80%
Credit Cards
980
1%
1,003
5.65%
6.81%
2.35%
2.37%
Real Estate Home Equity Lines
15,040
13%
15,292
3.39%
3.24%
1.23%
1.36%
Real Estate 1-4 Family
31,572
27%
32,003
3.09%
3.89%
1.80%
1.74%
Real Estate Construction
3,848
3%
4,440
7.40%
10.21%
0.68%
0.92%
Total SunTrust 
$115,975
100%
$115,055
2.14%
2.42%
1.18%
1.24%
Total SunTrust -
excluding federally guaranteed
student loans and GNMA repurchases 
$111,021
100%
$110,406
2.22%
2.48%
0.90%
0.96%	

	

17
1.  Excludes $1 million of mark-to-market loans held for sale in 4Q 2010 and $12 million for 3Q 2010
2.  Does not include nonaccruals   
3.  GNMA  repurchases are FHA/VA guaranteed loans that were repurchased from GNMA securities.  30-89 DLQ $ equaled $30 million at 4Q 2010 and  $27 million at 3Q 2010
Residential Mortgages $31,572
Residential Mortgages
IV. RISK REVIEW
($ in millions)
Asset Quality Remained Stable; Balances in Higher Risk Segments Continued to Decline
Portfolio Profile
Credit Quality Metrics
Type
4Q 2010
Balance
% of
Total
3Q 2010
Balance
4Q 2010
NPL
1
3Q 2010
NPL
1
4Q 2010
30-89 DLQ
%
2
3Q 2010
30-89 DLQ
%
2
GNMA
Repurchases
3
$684
2%
$609
-
-
-
-
Alt-A 2
nd
152
<1%
164
$14
$19
6.09%
5.95%
Alt-A 1
st
527
2%
552
131
143
4.97%
4.33%
Lot Loans
814
3%
867
174
192
3.65%
2.58%
Home Equity
Loans
1,608
5%
1,701
62
60
2.87%
2.64%
Prime 2
nd
2,400
8%
2,529
58
65
1.98%
2.31%
Core Portfolio
25,387
80%
25,582
1,418
1,438
1.49%
1.45%
Total
$31,572
100%
$32,003
$1,858
$1,916
1.80%
1.74%	

	

18
Home Equity Lines $15,040 
Portfolio Profile
Credit Quality Metrics
Type
4Q 2010
Balance
% of
Total
3Q 2010
Balance
4Q 2010
Charge-off
4
%
3Q 2010
Charge-off
4
%
4Q 2010
30-89 DLQ
%
3Q 2010
30-89 DLQ
%
3
rd
Party
Origin
ated
$1,342
9%
$1,394
9.44%
9.63%
2.68%
3.40%
CLTV
>
80%
1
(Florida)
1,602
11%
1,642
6.98%
7.02%
1.93%
2.26%
CLTV
>
90%
2
1,394
9%
1,439
4.02%
3.79%
1.53%
1.58%
Core
Portfolio
3
10,702
71%
10,817
1.98%
1.66%
0.93%
0.94%
Total
$15,040
100%
$15,292
3.39%
3.24%
1.23%
1.36%
Home Equity Lines
IV. RISK REVIEW
($ in millions)
Asset Quality Stable; Higher Risk Balances Declined
    1.  Excludes 3   party originated

    2.  Excludes 3rd party originated and Florida CLTV > 80%
    3.  Excludes 3rd party originated, Florida CLTV>80% and CLTV 90+% 
    4.  Annualized quarterly rate

rd	

	

19
($ in millions)
Construction $3,848
IV. RISK REVIEW
Construction
Risk Continues to Be Managed Down, with Balances and NPLs Declining
Portfolio Profile
Credit Quality Metrics
Type
4Q 2010
Balance
% of
Total
3Q 2010
Balance
4Q 2010
NPL
3Q 2010
NPL
4Q 2010
30-89 DLQ
%
3Q 2010
30-89 DLQ
%
Construction
Perm
$461
12%
$546
$112
$133
2.73%
2.65%
Residential
Construction
559
15%
712
227
308
0.32%
0.77%
Residential A&D
684
18%
818
365
413
0.73%
1.05%
Residential Land
335
9%
377
199
192
-
0.57%
Commercial
Construction
1,089
28%
1,220
107
131
0.12%
0.64%
Commercial A&D
262
7%
308
56
64
0.02%
0.06%
Commercial Land
457
12%
459
62
57
1.32%
0.46%
Total
$3,848
100%
$4,440
$1,128
$1,297
0.68%
0.92%	

	

20
IV. RISK REVIEW
TDR Composition
($ in millions)
Troubled Debt Restructures $3,618
Mortgage and Consumer Loans are 97% of Accruing TDRs; 86% are Current on Principal and
Interest Payments
Accruing TDRs
Non-Accruing TDRs
Total TDRs
Payment Status
4Q 2010
Balance
% of
Total
4Q 2010
Balance
% of
Total
4Q 2010
Balance
% of
Total
Current
$2,245
86%
$293
29%
$2,538
70%
30 DPD
176
7%
33
3%
209
6%
60 DPD
108
4%
43
4%
151
4%
90 DPD
73
3%
41
4%
114
3%
120+ DPD
9
<1%
595
59%
605
17%
Total
$2,613
100%
$1,005
100%
$3,618
100%	

	

21
•
Provision expense, net charge-offs, nonperforming loans, and early-stage delinquencies all
declined.  Further declines in early stage delinquencies are contingent upon improvement in
general economic conditions
•
Individual portfolios showed generally stable to improving trends; as in prior periods, losses
were centered in consumer real estate related and construction portfolios
•
Mortgage and home equity portfolio credit quality remained stable overall, with a continued
reduction in higher risk portfolio balances
•
Construction risk continued to be aggressively managed down
•
Accruing restructured loans (TDRs) continued to perform reasonably well, while balances
increased by a modest 4% to $2.6 billion
•
For the first quarter of 2011, a modest decline in net charge-offs and nonperforming loans
from fourth quarter levels is expected
Credit Summary
IV. RISK REVIEW
Improvement in Asset Quality Continued	

	

22
Appendix	

	

23
$742
73
-
(5)
(38)
(8)
(3)
11
30
$712
($ in millions)
Total Noninterest Income
Securities Gains/(Losses)
Stable
River
Gain
–
Other
Income
Fair
Market
Adjustments
–
Trading                   
STI Debt Valuation-Trading
Fair
Value
Adjustments
–
Mortgage
Production   
Auction
Rate
Securities
–
Trading  
LOCOM
MSR
Recovery
–
Mortgage
Servicing
Net Adjustments
Adjusted Noninterest Income
Noninterest Income Reconciliation
V. APPENDIX
%                   %
Change        Change
4Q 2010     3Q 2010       4Q 2009       3Q 2010       4Q 2009
(1)%
(6)%
39%
30%
$1,047
69
-
17
(22)
(6)
1
-
59
$988
$1,032
64
13
30
16
(9)
(11)
-
103
$929	

	

24
$(68)
(8)
$(60)
$133
(6)
$139
$41
(9)
$50
($ in millions)
Mortgage Production Income
Fair
Value
Adjustments
–
Mortgage
Production   
Adjusted Mortgage Production Income
Mortgage Production and Trading Income Reconciliation
V. APPENDIX
%                   %
Change        Change
4Q 2010     3Q 2010       4Q 2009       3Q 2010       4Q 2009
NM
NM
(69)%
(64)%
$(31)
(5)
(38)
(3)
$15
$(22)
17
(22)
1
$(18)
$93
30
16
(11)
$58
Trading Income
Fair Market Value Adjustments
STI Debt Valuation
Auction Rate Securities
Adjusted Trading Income
NM
NM
NM
NM	

	

25
Total Noninterest Expense
Net Loss/(Gain) on Debt Extinguishment
AHG Write-down (Other Exp)
Net Adjustments
Adjusted Noninterest Expense
Change
4Q 2010        3Q 2010        4Q 2009
3Q 2010
4Q 2009
%
($ in millions)
Noninterest Expense Reconciliation
V. APPENDIX
3%
3%
7%
8%
$1,453
24
14
38
$1,415
$1,499
12
-
12
$1,487
$1,548
4
11
15
$1,533	

	

26
Credit
Related
Expense
Mortgage Reinsurance
Operating Losses
Credit & Collections (Other Exp)
Other Real Estate (Other Exp)
Total Credit Related
Additional Noninterest Expense Disclosures
V. APPENDIX
$
Change 
4Q 2010         3Q 2010        4Q 2009          3Q 2010
4Q 2009
($ in millions)
Totals may not foot due to rounding
$7
27
69
77
$180
$2
26
71
90
$189
$10
26
76
62
$174
$(5)
(1)
2
13
$9
$(8)
0
(5)
28
$15	

	

27
(As of 12/31/10, $ in millions)
Nonaccruals that have been through the
specific write-down process
Loan Type
Balance
before
write-
down
-
Amount  
of write-
down
=
Non-
accruals
with               
write-down
+
Non-
accruals not
requiring
write-down
2
+
Non-
accruals
without   
specific
write-down  
=
Total
non-
accruals
3
% Loss
severity
Alt-A
2
nd
$89
$(81)
$8
$0
$6
$14
90.9%
Alt-A
1
st
147
(58)
89
7
34
131
37.5%
Lot Loans
292
(178)
114
33
27
174
54.8%
Prime
2
nd
437
(437)
-
-
58
58
100.0%
Core
Portfolio
1,367
(548)
818
176
349
1,343
35.5%
Total
$2,332
$(1,303)
$1,029
$217
$475
$1,721
Residential Mortgage
V. APPENDIX
1. Reserves have been established for residential mortgage loans that have not had specific write-downs as well as for incremental losses on loans carried at expected recoverable values    
2. Nonaccruals not requiring write-downs are loans that are well-secured 
3. Excludes Home Equity nonaccruals of $62 million, $1 million of mark-to-market loans held for sale and $74 million of residential real estate loans managed on commercial  system

Nonaccrual Balances Decreased; 67% of Nonaccruals Have Been Through the Write-Down Process
1	

	

28
Reconciliation of Non GAAP Measures
V. APPENDIX
($ in millions, except per share data)
December 31
September 30
June 30
March 31
December 31
2010
2010
2010
2010
2009
Total shareholders' equity               
$23,130
$23,438
$23,024
$22,620
$22,531
Goodwill, net of deferred taxes                    
(6,189)
(6,192)
(6,197)
(6,202)
(6,204)
Other intangible assets including MSRs, net of deferred taxes
(1,545)
(1,174)
(1,409)
(1,761)
(1,671)
MSRs
1,439
1,072
1,298
1,641
1,540
Tangible equity             
16,835
17,144
16,716
16,298
16,196
Preferred stock
(4,942)
(4,936)
(4,929)
(4,923)
(4,917)
Tangible common equity
$11,893
$12,208
$11,787
$11,375
$11,279
Total assets                
$172,874
$174,703
$170,668
$171,796
$174,165
Goodwill                
(6,323)
(6,323)
(6,323)
(6,323)
(6,319)
Other intangible assets including MSRs
(1,571)
(1,204)
(1,443)
(1,800)
(1,711)
MSRs
1,439
1,072
1,298
1,641
1,540
Tangible assets                
$166,419
$168,248
$164,200
$165,314
$167,675
Tangible equity to tangible assets              
10.12
%
10.19
%
10.18
%
9.86
%
9.66
%
Tangible common equity to tangible assets
7.15
%
7.26
%
7.18
%
6.88
%
6.73
%
Tangible book value per common share
$23.76
$24.42
$23.58
$22.76
$22.59
Three Months Ended