UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)   October 22, 2009
SunTrust Banks, Inc.
(Exact name of registrant as specified in its charter)

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

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

 

Item 2.02	Results of Operations and Financial Condition.	
 
Item 7.01	Regulation FD Disclosure.	
The following information is furnished pursuant to Item 2.02, “Results of Operations and Financial Condition” and Item 7.01, “Regulation FD Disclosure”. Consequently, it is not deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liabilities of that section. It may only be incorporated by reference in another filing under the Exchange Act or Securities Act of 1933 if such subsequent filing specifically references this Form 8-K.
On October 22, 2009, SunTrust Banks, Inc. (the “Registrant”) announced financial results for the period ended September 30, 2009. A copy of the News Release announcing the Registrant’s results for the period ended September 30, 2009 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 September 30, 2009 on October 22, 2009, at 8:00 a.m. Eastern time. Additional presentation materials relating to such call are attached hereto as Exhibit 99.2 and are incorporated herein by reference.
All information in the news release and the presentation materials speak as of the date thereof and the Registrant does not assume any obligation to update said information in the future. In addition, the Registrant disclaims any inference regarding the materiality of such information which otherwise may arise as a result of its furnishing such information under Item 2.02 and/or Item 7.01 of this report on Form 8-K.
 
Item 9.01	Financial Statements and Exhibits.	
 
(d)	Exhibits	

		
99.1	  	News release dated October 22, 2009 (furnished with the Commission as a part of this Form 8-K).	
		
99.2	  	Presentation materials dated October 22, 2009 (furnished with the Commission as a part of this Form 8-K).	

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

	 		 	SUNTRUST BANKS, INC.
(Registrant)	
				
Date: October 22, 2009.	 		 	By:	 	/s/ Thomas E. Panther	
	 		 		 	Thomas E. Panther,	
	 		 		 	Senior Vice President and Controller	

Exhibit 99.1
							
	  	News Release	  		  		
Contact:
			
Investors	  	Media	
Steve Shriner	  	Barry Koling	
(404) 827-6714	  	(404) 230-5268	
For Immediate Release
October 22, 2009
SUNTRUST REPORTS THIRD QUARTER RESULTS
Results Reflect Continued Recessionary Pressures; Company Cites “Encouraging Business Trends”

ATLANTA— SunTrust Banks, Inc. (NYSE: STI) today reported a net loss available to common shareholders for the third quarter of 2009 of $377.1 million, compared to net income available to common shareholders of $304.4 million in the third quarter of 2008. Net loss per average common share was $0.76 compared to net income per average common diluted share of $0.87 in the third quarter of 2008. Included in the current quarter was $131.3 million, or $0.16 per common share, of mark-to-market losses on the Company’s public debt and related hedges carried at fair value.
The decline in earnings compared to the third quarter of 2008 was primarily attributable to the $390.8 million after-tax increase in the provision for loan losses and a $292.8 million after-tax increase in valuation losses associated with the fair value of the Company’s public debt. The net loss for the third quarter was $133.5 million higher than the previous quarter, driven primarily by a $106.5 million after-tax increase in provision for loan losses.
“Our third quarter bottom line results reflected the difficult operating environment for more traditional banks,” said James M. Wells III, SunTrust Chairman and Chief Executive Officer. “Continued recession-related earnings pressures included higher credit costs, softer fee income and generally weak loan demand, as consumers de-leverage and businesses pay down existing credit lines and defer investments.” Nevertheless, Mr. Wells added, “we are encouraged by some positive core business trends and the prospect of an improving economy.”
Specific to business trends, Mr. Wells noted expanded net interest margin, lower operating expenses and, importantly, stable nonperforming loans and early stage loan delinquency levels. Mr. Wells said that while “tentatively optimistic” about the potential positive impact on SunTrust’s businesses and clients from what appears to be an improving economy, he cautioned that “the strength and pace of economic recovery is uncertain and the resultant impact on credit losses, and thus earnings, will likely lag actual economic improvement.”
Mr. Wells reiterated that with recent actions to bolster capital, liquidity, and reserves, “SunTrust possesses the resources necessary to successfully manage through sustained economic weakness should it occur.” Looking to the balance of 2009 and into 2010, he said “the Company remains focused on risk-mitigation, efficiency and executing client-driven initiatives designed to deliver steadily improving results as the operating environment gets better.”

Third Quarter 2009 Highlights

 	  	3 rd  Quarter
2009	 	 	3 rd  Quarter
2008	 	 	%
Change	 	
Income Statement	  				 				 			
(Dollars in millions, except per share data)	  				 				 			
Net income /(loss)	  	$	(316.9	) 	 	$	312.4	  	 	(201.4	)% 	
Net income/(loss) available to common shareholders	  	 	(377.1	) 	 	 	304.4	  	 	(223.9	) 	
Net income/(loss) per average common diluted share	  	 	(0.76	) 	 	 	0.87	  	 	(187.4	) 	
Revenue – fully taxable-equivalent	  	 	1,943.2	  	 	 	2,460.9	  	 	(21.0	) 	
Revenue – fully taxable-equivalent, excluding net securities gains/losses	  	 	1,896.5	  	 	 	2,287.9	  	 	(17.1	) 	
Net interest income – fully taxable-equivalent	  	 	1,168.2	  	 	 	1,175.7	  	 	(0.6	) 	
Provision for loan losses	  	 	1,133.9	  	 	 	503.7	  	 	125.1	  	
Noninterest income	  	 	775.1	  	 	 	1,285.2	  	 	(39.7	) 	
Noninterest expense	  	 	1,428.8	  	 	 	1,665.3	  	 	(14.2	) 	
Net interest margin	  	 	3.10	% 	 	 	3.07	% 	 			
				
Balance Sheet	  				 				 			
(Dollars in billions)	  				 				 			
Average loans	  	$	119.8	  	 	$	125.6	  	 	(4.7	)% 	
Average consumer and commercial deposits	  	 	114.5	  	 	 	100.2	  	 	14.3	  	
				
Capital	  				 				 			
Tier 1 capital ratio (1)	  	 	12.55	% 	 	 	8.15	% 	 			
Tier 1 common equity ratio (1)	  	 	7.45	% 	 	 	6.02	% 	 			
Total average shareholders’ equity to total average assets	  	 	13.03	% 	 	 	10.41	% 	 			
				
Asset Quality	  				 				 			
Net charge-offs to average loans (annualized)	  	 	3.33	% 	 	 	1.24	% 	 			
Allowance for loan losses to period end loans	  	 	2.61	% 	 	 	1.54	% 	 			
Nonperforming loans to total loans	  	 	4.67	% 	 	 	2.60	% 	 			
(1) Current period Tier 1 capital and Tier 1 common equity ratios are estimated as of the earnings release date.
 
 	•	 	The net loss per share of $0.76 includes $0.16 of fair value debt charges and reflects the continued challenging economic and credit operating environment.	
 	•	 	Overall revenue remained cyclically soft with stable net interest income and lower noninterest income.	
 	•	 	Unchanged net interest income was due to an expanded net interest margin that was offset by a reduction in average earning assets. Margin expansion was due to a significant increase in client deposits, as well as an improved mix of deposits, that enabled a reduction in higher cost sources of funding.	
 	•	 	Expenses continued to be well managed with compensation and other controllable expenses declining. Economically cyclical expenses, including FDIC and pension, continued to impact results.	
 	•	 	Growth in consumer and commercial deposits was strong as compared to the third quarter of last year; however, the pace of growth moderated in the third quarter of 2009.	
 	•	 	Average earning assets and loan balances declined as client demand remained weak, particularly in commercial lines of credit.	
 	•	 	The capital position remained solid with an estimated Tier 1 common ratio of 7.45% and an estimated Tier 1 capital ratio of 12.55%.	
 	•	 	Credit losses increased; however, early stage delinquency and nonperforming loans were stable and the allowance for loan losses to total loans was increased to 2.61%.	
 
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Revenue
Fully taxable-equivalent total revenue was $1,943.2 million for the third quarter of 2009, a decrease of 21.0% compared to the third quarter of 2008. Fully taxable-equivalent total revenue, excluding net securities gains and losses, declined 17.1%. The third quarter of 2008 included an $81.8 million gain on sale of a fuel card and fleet management subsidiary and a $172.8 million valuation reserve related to the expected purchase of auction rate securities (“ARS”). Also impacting the decline in fully taxable-equivalent total revenue was a $341.0 market valuation gain on public debt and related hedges carried at fair value recognized in the third quarter of 2008 compared to a $131.3 million market valuation loss in the current quarter. The remaining decline in fee-related income occurred in cyclically sensitive areas such as trust and investment income and service charge income. Fully taxable-equivalent net interest income declined 0.6% compared to the third quarter of 2008.
For the nine months, fully taxable-equivalent total revenue was $6,350.2 million, down 12.8% from prior year. The decline was driven by net gains from the sale and contribution of investment securities, sale of non-strategic businesses, and sale/leaseback of corporate real estate properties coupled with significant market valuation gains on the public debt and related hedges carried at fair value in 2008 compared to market valuation losses related to the public debt and related hedges recognized during 2009. The prior year also included approximately $309 million of market valuation losses on certain illiquid asset-backed securities that were previously acquired from subsidiaries, as well as the market valuation loss related to ARS. Mortgage and capital markets related fee income increased compared to 2008 but was partially offset by declines in trust and investment management income, retail investment services, and service charges. Fully taxable-equivalent net interest income declined 4.1%.
Net Interest Income
Fully taxable-equivalent net interest income was $1,168.2 million in the third quarter of 2009, an increase of 4.2% from the second quarter of 2009 and a decline of 0.6% compared to the same quarter last year. Net interest margin increased 16 basis points and 3 basis points, respectively, compared to the sequential quarter and third quarter of 2008. Net interest margin benefited from deposit volumes, mix, and lower rates, as well as repayment of certain long-term debt and hybrid capital instruments that has occurred throughout 2009. On a sequential quarter basis, rates earned on average earning assets declined 4 basis points while rates paid on interest-bearing liabilities declined 23 basis points. Average earning assets declined $3.6 billion and $2.7 billion, respectively, compared to the sequential quarter and prior year quarter due primarily to a decline in loan demand. However, the reduction in interest income from this decline in average earning assets was offset by a reduction in the Company’s cost of funds due to a significant increase in consumer and commercial deposits, as well as an improved mix in client deposits, which enabled a significant reduction in higher cost long-term debt and brokered deposits. Net interest income and margin continue to be adversely affected the current level of nonperforming loans.
For the nine months, fully taxable-equivalent net interest income was $3,382.2 million, a decline of 4.1% from the prior year. Net interest margin declined 12 basis points as the repricing of deposits lagged the decline in yields on earning assets experienced during the first six months of 2009. Year-to-date rates earned on earning assets declined 109 basis points while rates paid on interest-bearing liabilities declined 104 basis points.
Noninterest Income
Total noninterest income was $775.1 million for the third quarter of 2009, down 39.7% from the third quarter of 2008. The decline was due to gains generated in 2008 of $183.4 million related to the contribution of The Coca-Cola Company (“Coke”) stock to the SunTrust charitable foundation, a $81.8 million gain on the sale of the fuel card and fleet management subsidiary, and valuation gains of $341.0
 
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million on the Company’s public debt and related hedges carried at fair value compared to a loss on such debt of $131.3 million recognized in 2009. The third quarter of 2008 also included mark-to-market losses of $136.9 million on illiquid trading securities and loan warehouses and a valuation reserve of $172.8 million related to the expected purchase of ARS. Investment banking income increased significantly due to higher capital markets activity including strong debt and equity underwriting activity. However, the difficult operating environment was evident in the decline in many other fee-related sources of income. On a sequential quarter basis, noninterest income declined $296.6 million, or 27.7%. The decline was due to the $112.1 million second quarter gain related to the sale from the Visa shares, $156.9 million recovery in the second quarter of previously impaired mortgage servicing rights, and lower mortgage production income in the third quarter due to lower loan production and higher reserves related to the potential repurchase of certain mortgage loans which had previously been sold to third parties. Offsetting these declines were increases during the third quarter in most other fee-related categories, as well as a net increase in securities gains and losses of $71.6 million.
Mortgage production income was $28.1 million in the third quarter of 2009 compared to $50.0 million in the third quarter of 2008 and $165.4 million in the second quarter of 2009. Production was up 42% over the third quarter of 2008 but down 31% on a sequential quarter basis. Mortgage production income was adversely affected by $135.6 million in estimated losses related to the potential repurchase of certain mortgage loans that were sold in prior quarters under specified terms that could result in repurchase by the Company compared to $62.0 million recognized last quarter and $12.9 million recorded in the third quarter of 2008, as the volume of claims and anticipated loss severity has increased. Mortgage servicing related income for the current quarter was $60.2 million, down slightly from the third quarter of 2008 and down $79.5 million from the second quarter of 2009 which included a $156.9 million recovery of impairment on the mortgage servicing rights carried at the lower of cost or market. The decline was partially offset by lower amortization and less decay in fair value of mortgage servicing rights. As of September 30, 2009, SunTrust serviced $177.6 billion in mortgage loans, up 11.5% from a year ago.
Trading account profits and commissions were down $208.0 million from the third quarter of 2008 as the tightening of credit spreads in 2009 resulted in a mark-to-market valuation loss on the Company’s public debt and related hedges carried at fair value of $131.3 million in the third quarter of 2009 compared to a gain of $341.0 million in 2008. The third quarter of 2008 also included mark-to-market losses of $136.9 million on illiquid trading securities and loan warehouses, as well as the valuation reserve of $172.8 million related to the purchase of ARS. As of September 30, 2009, the Company has completed the purchase of the majority of the ARS it expects to purchase, and most of these securities continue to cash flow, resulting in minimal realized losses. Since the third quarter of 2008, valuation losses on illiquid assets have diminished as liquidity in most of those markets has improved and the Company’s holdings have been substantially reduced. Capital markets income, including core trading and investment banking income, increased compared to the third quarter 2008 due to increased trading activity and strong debt and equity underwriting deal flow. Service charges on deposits, trust and investment management income, and retail investment services declined 8.8%, 19.4%, and 29.4%, respectively, compared to the third quarter of 2008 due to the impact of economic conditions on these fee income items. On a sequential quarter basis, trading account profits and commissions declined primarily due to increased valuation losses from the tightening in spreads on the Company’s public debt carried at fair value. Investment banking income and other fee-related income generally remained stable.
For the nine months, total noninterest income was $2,968.0 million, down $787.8 million, or 21.0% compared to the same period of 2008. The decline was largely due to 2008 net gains on sale and contribution of investment securities, primarily Coke stock, gains on sale of non-strategic businesses, and gains from the sale/leaseback of certain corporate real estate properties. The improvement in the Company’s credit spreads during 2009 resulted in a charge of $114.9 million compared to a $478.5 million market valuation gain through the third quarter of 2008 recorded in trading account profits and commissions. However, in 2008, trading account profits and commissions included significant market valuation losses on previously acquired illiquid securities, as well as valuation reserves for ARS that did not recur in 2009.
 
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Mortgage-related income increased almost 125% due to a 42.8% increase in loan production, increased margins on the sale of loans, a larger servicing portfolio, and a $188.7 million recovery of impairment on the mortgage servicing rights carried at the lower of cost or market. Investment banking related income increased compared to 2008 but was partially offset by declines in trust and investment management income, retail investment services, and service charges.
Noninterest Expense
Total noninterest expense in the third quarter of 2009 was $1,428.8 million, a decline of 14.2% from the third quarter of 2008, which included the $183.4 million expense related to the contribution of Coke shares to the SunTrust charitable foundation as well as the Company’s proportionate share of potential costs of litigation related to Visa of $20.0 million. Current quarter credit-related expenses decreased compared to the third quarter of 2008 primarily due to lower operating losses and mortgage reinsurance expense, partially offset by higher credit and collection services, unfunded commitment reserves, and other real estate losses. On a sequential quarter basis, noninterest expense declined 6.5% due to the FDIC special assessment and debt extinguishment losses recorded in the previous quarter and a decline in personnel expense in the current quarter, partially offset by increased credit-related expenses in the third quarter due to higher other real estate expenses and unfunded commitment reserves. Additionally, the third quarter of 2009 included $31.3 million of impairment related to affordable housing properties.
Total personnel expense decreased $30.2 million, or 4.3%, from the third quarter of 2008 as personnel decreased 4.9% from 29,447 as of September 30, 2008 to 28,015 as of September 30, 2009. Incentive expenses declined in order to align discretionary incentive compensation accruals with business performance; however, pension costs increased nearly $25.8 million due to an increase in the pension obligation as a result of 2009 market valuation assumptions. The decline in personnel expense was offset by a 10.9% increase in outside processing, as the Company contracted with a third party during the third quarter of 2008 to provide certain check and related processing operations. Regulatory assessments increased $26.4 million compared to the third quarter of 2008 due to higher FDIC insurance premiums but were down on a sequential quarter basis due to the special FDIC assessment of $78.2 million levied during second quarter. Broadly, disciplined expense management was evident across controllable operating expenses.
For the nine months, total noninterest expense was $5,108.8 million, an increase of 19.0% over the same period in 2008. The increase was primarily due to the $751.2 million non-cash goodwill impairment charge recorded in the first quarter of 2009 compared to a $45.0 million impairment charge related to a specific customer intangible asset recognized in the second quarter of 2008, partially offset by the $183.4 million charitable contribution expense recorded in the third quarter of 2008. Credit-related charges increased $85.0 million year-over-year despite the exclusion of credit-related losses associated with borrower misrepresentations from operating losses in 2009, as those charges are now considered in the provision for loan losses. FDIC insurance costs, including the special assessment, increased $207.2 million. The 23.5% increase in outside processing was primarily due to the check and related processing services contract beginning in the third quarter of 2008. The majority of the remaining expense categories declined in 2009, as the Company continued its focus on efficiency and expense management.
Income Taxes
For the third quarter of 2009, the Company recognized a benefit for income taxes of $336.1 million compared to a benefit for income taxes of $52.8 million in the third quarter of 2008. The income tax provision in 2009 was impacted by discrete tax benefits recognized in the quarter totaling $47.1 million, primarily related to the settlement of examinations by certain taxing authorities, while the 2008 income tax provision was impacted primarily by the charitable contribution of Coke shares.
 
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U.S. Treasury Preferred Dividends
For the third quarter and year-to-date periods of 2009, the Company recorded $66.4 million and $199.3 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 September 30, 2009, SunTrust had total assets of $172.7 billion and shareholders’ equity of $22.9 billion, representing 13.3% of total assets. Book value per common share was $36.06 and tangible book value per common share was $23.35 as of September 30, 2009.
Loans
Average loans for the third quarter of 2009 were $119.8 billion, down 4.7% from the third quarter of 2008 and 3.5% from the second quarter of 2009. While the Company remains focused on extending credit to qualified borrowers, residential real estate and real estate construction loans declined as a result of the Company’s efforts to reduce its exposure to these categories and the associated risk. Additionally, commercial loans have declined due to weak loan demand as a result of the recessionary environment and borrowers’ desire to restrict capital spending and pay down existing debt facilities. Average loans held for sale increased 14.4% over the third quarter of 2008, as total mortgage loan production increased 42% to $11.6 billion in the third quarter of 2009.
Deposits
Average consumer and commercial deposits for the third quarter of 2009 totaled $114.5 billion, up 14.3% from the third quarter of 2008, as almost all deposit categories increased and demand deposits grew 17.4%. On a sequential quarter basis, average consumer and commercial deposits increased 0.8% and deposit mix improved due to growth in lower cost deposits and declines in time deposits. Deposit growth is the result of clients’ increased preference for the security of insured deposit products, competitive pricing, and effective marketing. Further, through an intense focus on improved execution, the Company has been successful in improving product offerings and client satisfaction, acquisition, and retention. Average brokered and foreign deposits declined 67.1% from the third quarter of 2008, as the Company’s deposit growth and longer term financing activities enabled a reduction in these wholesale funding sources.
Capital and Liquidity
The estimated Tier 1 common equity, Tier 1 capital, and total average shareholders’ equity to total average assets ratios at September 30, 2009, were 7.45%, 12.55%, and 13.03%, respectively. The decline in Tier 1 common equity from the current period net loss was offset by a reduction in risk-weighted assets. The Company has substantial available liquidity as the inflows of high quality deposits and longer term financing sources have largely been retained in cash and invested in high quality government-backed securities.
Asset Quality
The allowance for loan and lease losses was $3,024.0 million as of September 30, 2009, up $128.0 million from June 30, 2009, and represented 2.61% of period-end total loans, up 24 basis points from last quarter and up 107 basis points from one year ago. The increase in the allowance for loan and lease losses was attributable to further deterioration in the residential real estate market. While early stage delinquencies remained stable, loss severities related to underlying residential properties continued to increase. The $128.0 million increase in allowance for loan losses compares favorably to the $161.0
 
6

million, $384.0 million, and $410.0 million increase recognized over the previous three quarters. The provision for loan losses increased $171.7 million compared to the second quarter of 2009, primarily due to the increase in net charge-offs, partially offset by the reduced increase in the allowance for loan losses.
Net charge-offs totaled $1,005.9 million in the third quarter of 2009 compared to $801.2 million in the second quarter of 2009, an increase of $204.7 million with increases concentrated in construction, residential real estate, and commercial. The increase in net charge-offs during the quarter was largely driven by the resolution of loan workouts in the residential builder construction portfolio, residential mortgage charge-offs, and additional charge-offs related to larger corporate borrowers in cyclical industries. Annualized quarterly net charge-offs were 3.33% of average loans, up from 2.59% in the second quarter of 2009 and 1.24% in the third quarter of 2008. Compared to the third quarter of 2008, net charge-offs increased $613.9 million across most loan categories with the largest increase in residential mortgages, $254.3 million; commercial, $146.6 million; and construction, $106.7 million.
Nonperforming loans were $5,444.3 million, or 4.67% of total loans as of September 30, 2009, a decline of $59.6 million compared to June 30, 2009 representing the first quarterly decline since the credit crisis began in 2007 driven primarily by a reduction in nonaccrual commercial loans. The increase in nonaccrual residential mortgage loans was substantially less than the growth rate observed over the past four quarters. As of September 30, 2008, nonperforming loans totaled $3,289.5 million, or 2.60% of total loans.
Accruing restructured loans increased $418.6 million during the quarter to $1,343.6 million, which demonstrates the proactive steps the Company is taking to responsibly modify loans in order to mitigate loss exposure to borrowers experiencing financial difficulty. The increase in loan modifications also impacted the moderation in nonperforming loan growth and early stage delinquencies. Early stage delinquencies declined compared to the second quarter of 2009 and the same quarter last year; however, the ratio remained stable at 1.52% as loan balances have declined.
Line of Business Results
The Company has included line of business financial tables as part of this release on their Web site at www.suntrust.com in the Investor Relations section located under “About SunTrust.” The Company has four lines of business used to measure business activities: Retail and Commercial, Corporate and Investment Banking, Household Lending, and Wealth and Investment Management with the remainder in Corporate Other and Treasury. 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 expenses 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 quarterly report on Form 10-Q.
Corresponding Financial Tables and Information
Investors are encouraged to review the foregoing summary and discussion of SunTrust’s earnings and financial condition in conjunction with the detailed financial tables and information which SunTrust has also published today and SunTrust’s forthcoming quarterly report on Form 10-Q. Detailed financial tables and other information are also available on the Company’s Web site at www.suntrust.com in the Investor Relations section located under “About SunTrust.” This information is also included in a current report on Form 8-K furnished with the Securities Exchange Commission today.
 
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This news release contains certain non-U.S. GAAP financial measures to describe the Company’s performance. The reconciliation of those measures to the most directly comparable U.S. GAAP financial measures and the reasons why SunTrust believes such financial measures may be useful to investors, can be found in the financial information contained in the appendices of this news release.
Conference Call
SunTrust management will host a conference call October 22, 2009, at 8:00 a.m. (Eastern Time) to discuss the earnings results and business trends. Individuals may call beginning at 7:45 a.m. (Eastern Time) by dialing 1-888-972-7805 (Passcode: 3Q09). Individuals calling from outside the United States should dial 1-517-308-9091 (Passcode: 3Q09). A replay of the call will be available one hour after the call ends on October 22, 2009, and will remain available until November 12, 2009, dialing 1-800-262-5125 (domestic) or 1-402-220-9716 (international).
Alternatively, individuals may listen to the live webcast of the presentation by visiting the SunTrust Web site at www.suntrust.com. The webcast will be hosted under “Investor Relations,” located under “About SunTrust,” or may be accessed directly from the SunTrust home page by clicking on the earnings-related link, “3rd Quarter Earnings Release.” Beginning the afternoon of October 22, 2009, listeners may access an archived version of the webcast in the “Webcasts and Presentations” subsection found under “Investor Relations.” A link to the Investor Relations page is also found in the footer of the SunTrust home page.
SunTrust Banks, Inc., headquartered in Atlanta, is one of the nation’s largest banking organizations, serving a broad range of consumer, commercial, corporate and institutional clients. The Company operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states and a full array of technology-based, 24-hour delivery channels. The Company also serves 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 may contain forward-looking statements. Statements regarding future levels of net margin, charge-offs, provision expense, credit quality, FDIC and other regulatory expense, and income are forward-looking statements. Also, any statement that does not describe historical or current facts, including statements about beliefs and expectations, is a forward-looking statements. These statements often include the words “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “targets,” “initiatives,” “potentially,” “probably,” “projects,” “outlook” or similar expressions or future conditional verbs such as “may,” “will,” “should,” “would,” and “could.” Such 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 beginning on page 6 of our 2008 Annual Report on Form 10-K filed with the Securities and Exchange Commission (SEC), as supplemented from time to time in our other periodic reports filed with the SEC, all of which are available at the SEC’s internet site (http://www.sec.gov). Those factors include: difficult market conditions have adversely affected our industry; current levels of market volatility are unprecedented; the soundness of other financial institutions could adversely affect us; there can be no assurance that recently enacted legislation, or any proposed federal programs, will stabilize the U.S. financial system, and such legislation and programs may adversely affect us; the impact on us of recently enacted legislation, in particular the Emergency Economic Stabilization Act of 2008 and its implementing regulations, and actions by the FDIC, cannot be predicted at
 
8

this time; 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; weakness in the real estate market may adversely affect our reinsurance subsidiary; 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 may be required to repurchase mortgage loans or indemnify mortgage loan purchasers as a result of breaches of representations and warranties, borrower fraud, or certain borrower defaults, which could harm our liquidity, results of operations, and financial condition; 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 our business and revenues; we rely on other companies to provide key components of our business infrastructure; we rely on our systems, employees, and certain counterparties, and certain failures could materially adversely affect our operations; we depend on the accuracy and completeness of information about clients and counterparties; regulation by federal and state agencies could adversely affect our business, 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 our 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 residential real estate, increases in unemployment, and the related effects on local economics 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; disruptions in our ability to access global capital markets may negatively affect our capital resources and liquidity; any reduction in our credit rating could increase the cost of our funding from the capital markets; 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, then 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 these require us to make estimates about matters that are uncertain; changes to 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; we may enter into transactions with off-balance sheet affiliates or our subsidiaries; and we are subject to market risk associated with our asset management and commercial paper conduit businesses.
###
 
9

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

																			
 	  	Three Months Ended
September 30	 	 	%	 	 	Nine Months Ended
September 30	 	 	%	 	
 	  	2009	 	 	2008	 	 	Change  4	 	 	2009	 	 	2008	 	 	Change  4	 	
EARNINGS & DIVIDENDS	  			 			 			 			 			 			
Net income/(loss)	  	($316.9	) 	 	$312.4	  	 	NM	  % 	 	($1,315.6	) 	 	$1,143.4	  	 	NM	  % 	
Net income/(loss) available to common shareholders	  	(377.1	) 	 	304.4	  	 	NM	  	 	(1,417.0	) 	 	1,115.9	  	 	NM	  	
Net income/(loss) available to common shareholders excluding goodwill/intangible impairment charges other than MSRs 1	  	(377.1	) 	 	304.4	  	 	NM	  	 	(702.2	) 	 	1,142.9	  	 	NM	  	
Total revenue - FTE 2	  	1,943.2	  	 	2,460.9	  	 	(21.0	) 	 	6,350.2	  	 	7,284.2	  	 	(12.8	) 	
Total revenue - FTE excluding securities (gains)/losses, net 1	  	1,896.5	  	 	2,287.9	  	 	(17.1	) 	 	6,325.0	  	 	6,622.0	  	 	(4.5	) 	
Net income/(loss) per average common share	  			 			 			 			 			 			
Diluted	  	(0.76	) 	 	0.87	  	 	NM	  	 	(3.41	) 	 	3.19	  	 	NM	  	
Diluted excluding goodwill/intangible impairment charges other than MSRs  1	  	(0.76	) 	 	0.87	  	 	NM	  	 	(1.69	) 	 	3.27	  	 	NM	  	
Basic	  	(0.76	) 	 	0.87	  	 	NM	  	 	(3.41	) 	 	3.20	  	 	NM	  	
Dividends paid per average common share	  	0.01	  	 	0.77	  	 	(98.7	) 	 	0.21	  	 	2.31	  	 	(90.9	) 	
							
CONDENSED BALANCE SHEETS	  			 			 			 			 			 			
Selected Average Balances	  			 			 			 			 			 			
Total assets	  	$172,463	  	 	$173,888	  	 	(0.8	)  % 	 	$175,915	  	 	$175,446	  	 	0.3	  % 	
Earning assets	  	149,579	  	 	152,320	  	 	(1.8	) 	 	152,365	  	 	152,601	  	 	(0.2	) 	
Loans	  	119,796	  	 	125,642	  	 	(4.7	) 	 	123,064	  	 	124,702	  	 	(1.3	) 	
Consumer and commercial deposits	  	114,486	  	 	100,200	  	 	14.3	  	 	111,869	  	 	101,029	  	 	10.7	  	
Brokered and foreign deposits	  	5,193	  	 	15,800	  	 	(67.1	) 	 	6,398	  	 	15,447	  	 	(58.6	) 	
Total shareholders’ equity	  	22,468	  	 	18,097	  	 	24.2	  	 	22,254	  	 	18,162	  	 	22.5	  	
							
As of	  			 			 			 			 			 			
Total assets	  	172,718	  	 	174,777	  	 	(1.2	) 	 			 			 			
Earning assets	  	145,554	  	 	152,904	  	 	(4.8	) 	 			 			 			
Loans	  	116,488	  	 	126,718	  	 	(8.1	) 	 			 			 			
Allowance for loan and lease losses	  	3,024	  	 	1,941	  	 	55.8	  	 			 			 			
Consumer and commercial deposits	  	113,601	  	 	101,829	  	 	11.6	  	 			 			 			
Brokered and foreign deposits	  	5,730	  	 	14,083	  	 	(59.3	) 	 			 			 			
Total shareholders’ equity	  	22,908	  	 	18,069	  	 	26.8	  	 			 			 			
							
FINANCIAL RATIOS & OTHER DATA	  			 			 			 			 			 			
Return on average total assets	  	(0.73	)  % 	 	0.71	  % 	 	NM	  % 	 	(1.00	)  % 	 	0.87	  % 	 	NM	  % 	
Return on average assets less net unrealized securities gains 1	  	(0.83	) 	 	0.45	  	 	NM	  	 	(1.05	) 	 	0.53	  	 	NM	  	
Return on average common shareholders’ equity	  	(8.52	) 	 	6.88	  	 	NM	  	 	(11.06	) 	 	8.44	  	 	NM	  	
Return on average realized common shareholders’ equity 1	  	(9.70	) 	 	4.45	  	 	NM	  	 	(11.91	) 	 	5.43	  	 	NM	  	
Net interest margin 2	  	3.10	  	 	3.07	  	 	1.0	  	 	2.97	  	 	3.09	  	 	(3.9	) 	
Efficiency ratio 2	  	73.53	  	 	67.67	  	 	8.7	  	 	80.45	  	 	58.93	  	 	36.5	  	
Tangible efficiency ratio 1	  	72.82	  	 	66.92	  	 	8.8	  	 	67.94	  	 	57.51	  	 	18.1	  	
Effective tax rate/(benefit)	  	(51.46	) 	 	(20.32	) 	 	NM	  	 	(32.58	) 	 	17.45	  	 	NM	  	
Tier 1 common equity	  	7.45 	   3  	 	6.02	  	 	23.8	  	 			 			 			
Tier 1 capital	  	12.55 	   3  	 	8.15	  	 	54.0	  	 			 			 			
Total capital	  	15.90 	   3  	 	11.16	  	 	42.5	  	 			 			 			
Tier 1 leverage	  	11.05 	   3  	 	7.98	  	 	38.5	  	 			 			 			
Total average shareholders’ equity to total average assets	  	13.03	  	 	10.41	  	 	25.2	  	 	12.65	  	 	10.35	  	 	22.2	  	
Tangible equity to tangible assets 1	  	9.96 	   5  	 	6.47	  	 	53.9	  	 			 			 			
							
Book value per common share	  	$36.06	  	 	$49.64	  	 	(27.4	) 	 			 			 			
Tangible book value per common share 1	  	23.35	  	 	29.18	  	 	(20.0	) 	 			 			 			
Market price:	  			 			 			 			 			 			
High	  	24.43	  	 	64.00	  	 	(61.8	) 	 	30.18	  	 	70.00	  	 	(56.9	) 	
Low	  	14.50	  	 	25.60	  	 	(43.4	) 	 	6.00	  	 	25.60	  	 	(76.6	) 	
Close	  	22.55	  	 	44.99	  	 	(49.9	) 	 	22.55	  	 	44.99	  	 	(49.9	) 	
Market capitalization	  	11,256	  	 	15,925	  	 	(29.3	) 	 			 			 			
							
Average common shares outstanding (000s)	  			 			 			 			 			 			
Diluted 6	  	494,169	  	 	350,970	  	 	40.8	  	 	415,444	  	 	349,613	  	 	18.8	  	
Basic	  	494,169	  	 	349,916	  	 	41.2	  	 	415,444	  	 	348,409	  	 	19.2	  	
							
Full-time equivalent employees	  	28,015	  	 	29,447	  	 	(4.9	) 	 			 			 			
Number of ATMs	  	2,807	  	 	2,506	  	 	12.0	  	 			 			 			
Full service banking offices	  	1,690	  	 	1,692	  	 	(0.1	) 	 			 			 			

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	Current period calculation excludes deferred tax amount associated with goodwill in conjunction with Federal Reserve guidance issued in the fourth quarter of 2008.	
6	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	 	
 	  	September 30
2009	 	 	June 30
2009	 	 	March 31
2009	 	 	December 31
2008	 	 	September 30
2008	 	
EARNINGS & DIVIDENDS	  			 			 			 			 			
Net income/(loss)	  	($316.9	) 	 	($183.5	) 	 	($815.2	) 	 	($347.6	) 	 	$312.4	  	
Net income/(loss) available to common shareholders	  	(377.1	) 	 	(164.4	) 	 	(875.4	) 	 	(374.9	) 	 	304.4	  	
Net income/(loss) available to common shareholders excluding goodwill/intangible impairment charges other than MSRs 1	  	(377.1	) 	 	(164.4	) 	 	(160.6	) 	 	(374.9	) 	 	304.4	  	
Total revenue - FTE 2	  	1,943.2	  	 	2,192.8	  	 	2,214.2	  	 	1,926.4	  	 	2,460.9	  	
Total revenue - FTE excluding securities (gains)/losses, net 1	  	1,896.5	  	 	2,217.7	  	 	2,210.8	  	 	1,515.3	  	 	2,287.9	  	
Net income/(loss) per average common share	  			 			 			 			 			
Diluted	  	(0.76	) 	 	(0.41	) 	 	(2.49	) 	 	(1.07	) 	 	0.87	  	
Diluted excluding goodwill/intangible impairment charges other than MSRs 1	  	(0.76	) 	 	(0.41	) 	 	(0.46	) 	 	(1.07	) 	 	0.87	  	
Basic	  	(0.76	) 	 	(0.41	) 	 	(2.49	) 	 	(1.07	) 	 	0.87	  	
Dividends paid per average common share	  	0.01	  	 	0.10	  	 	0.10	  	 	0.54	  	 	0.77	  	
						
CONDENSED BALANCE SHEETS	  			 			 			 			 			
Selected Average Balances	  			 			 			 			 			
Total assets	  	$172,463	  	 	$176,480	  	 	$178,871	  	 	$177,047	  	 	$173,888	  	
Earning assets	  	149,579	  	 	153,177	  	 	154,390	  	 	153,188	  	 	152,320	  	
Loans	  	119,796	  	 	124,123	  	 	125,333	  	 	127,608	  	 	125,642	  	
Consumer and commercial deposits	  	114,486	  	 	113,528	  	 	107,515	  	 	102,238	  	 	100,200	  	
Brokered and foreign deposits	  	5,193	  	 	6,608	  	 	7,417	  	 	12,649	  	 	15,800	  	
Total shareholders’ equity	  	22,468	  	 	21,926	  	 	22,368	  	 	19,891	  	 	18,097	  	
						
As of	  			 			 			 			 			
Total assets	  	172,718	  	 	176,735	  	 	179,116	  	 	189,138	  	 	174,777	  	
Earning assets	  	145,554	  	 	154,345	  	 	153,290	  	 	156,016	  	 	152,904	  	
Loans	  	116,488	  	 	122,816	  	 	123,893	  	 	126,998	  	 	126,718	  	
Allowance for loan and lease losses	  	3,024	  	 	2,896	  	 	2,735	  	 	2,351	  	 	1,941	  	
Consumer and commercial deposits	  	113,601	  	 	113,746	  	 	112,449	  	 	105,276	  	 	101,829	  	
Brokered and foreign deposits	  	5,730	  	 	5,055	  	 	6,523	  	 	8,053	  	 	14,083	  	
Total shareholders’ equity	  	22,908	  	 	22,953	  	 	21,646	  	 	22,501	  	 	18,069	  	
						
FINANCIAL RATIOS & OTHER DATA	  			 			 			 			 			
Return on average total assets	  	(0.73	)  % 	 	(0.42	)  % 	 	(1.85	)  % 	 	(0.78	)  % 	 	0.71	  % 	
Return on average assets less net unrealized securities gains 1	  	(0.83	) 	 	(0.41	) 	 	(1.89	) 	 	(1.39	) 	 	0.45	  	
Return on average common shareholders’ equity	  	(8.52	) 	 	(3.95	) 	 	(20.71	) 	 	(8.47	) 	 	6.88	  	
Return on average realized common shareholders’ equity 1	  	(9.70	) 	 	(4.02	) 	 	(22.08	) 	 	(15.33	) 	 	4.45	  	
Net interest margin 2	  	3.10	  	 	2.94	  	 	2.87	  	 	3.14	  	 	3.07	  	
Efficiency ratio 2	  	73.53	  	 	69.68	  	 	97.22	  	 	82.34	  	 	67.67	  	
Tangible efficiency ratio 1	  	72.82	  	 	69.05	  	 	62.97	  	 	81.44	  	 	66.92	  	
Effective tax rate/(benefit)	  	(51.46	) 	 	(44.81	) 	 	(15.61	) 	 	(47.06	) 	 	(20.32	) 	
Tier 1 common equity	  	7.45 	   3  	 	7.34	  	 	5.83	  	 	5.83	  	 	6.02	  	
Tier 1 capital	  	12.55 	   3  	 	12.23	  	 	11.02	  	 	10.87	  	 	8.15	  	
Total capital	  	15.90 	   3  	 	15.31	  	 	14.15	  	 	14.04	  	 	11.16	  	
Tier 1 leverage	  	11.05 	   3  	 	11.02	  	 	10.14	  	 	10.45	  	 	7.98	  	
Total average shareholders’ equity to total average assets	  	13.03	  	 	12.42	  	 	12.51	  	 	11.23	  	 	10.41	  	
Tangible equity to tangible assets 1	  	9.96 	   4  	 	9.75 	   4  	 	8.85 	   4  	 	8.46	  	 	6.47	  	
						
Book value per common share	  	$36.06	  	 	$36.16	  	 	$46.03	  	 	$48.74	  	 	$49.64	  	
Tangible book value per common share 1	  	23.35	  	 	23.41	  	 	28.15	  	 	28.69	  	 	29.18	  	
Market price:	  			 			 			 			 			
High	  	24.43	  	 	20.86	  	 	30.18	  	 	57.75	  	 	64.00	  	
Low	  	14.50	  	 	10.50	  	 	6.00	  	 	19.75	  	 	25.60	  	
Close	  	22.55	  	 	16.45	  	 	11.74	  	 	29.54	  	 	44.99	  	
Market capitalization	  	11,256	  	 	8,205	  	 	4,188	  	 	10,472	  	 	15,925	  	
						
Average common shares outstanding (000s)	  			 			 			 			 			
Diluted 5	  	494,169	  	 	399,242	  	 	351,352	  	 	350,439	  	 	350,970	  	
Basic	  	494,169	  	 	399,242	  	 	351,352	  	 	350,439	  	 	349,916	  	
						
Full-time equivalent employees	  	28,015	  	 	28,520	  	 	29,279	  	 	29,333	  	 	29,447	  	
Number of ATMs	  	2,807	  	 	2,695	  	 	2,673	  	 	2,582	  	 	2,506	  	
Full service banking offices	  	1,690	  	 	1,692	  	 	1,694	  	 	1,692	  	 	1,692	  	

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	Calculation excludes deferred tax amount associated with goodwill in conjunction with Federal Reserve guidance issued in the fourth quarter of 2008.	
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 2

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

																									
 	  	Three Months Ended	 	 	Nine Months Ended	 	
 	  	September 30	 	 	  Increase/(Decrease)  2   	 	 	September 30	 	 	  Increase/(Decrease)  2   	 	
 	  	2009	 	 	2008	 	 	  Amount	 	 	%	 	 	2009	 	 	2008	 	 	  Amount	 	 	%	 	
Interest income	  	$1,657,522	  	 	$2,017,314	  	 	($359,792	) 	 	(17.8	)  % 	 	$5,080,131	  	 	$6,342,011	  	 	($1,261,880	) 	 	(19.9	)  % 	
Interest expense	  	520,064	  	 	871,101	  	 	(351,037	) 	 	(40.3	) 	 	1,790,918	  	 	2,899,215	  	 	(1,108,297	) 	 	(38.2	) 	
	  	 	 	 	 	 	 			 			 	 	 	 	 	 	 			 			
NET INTEREST INCOME	  	1,137,458	  	 	1,146,213	  	 	(8,755	) 	 	(0.8	) 	 	3,289,213	  	 	3,442,796	  	 	(153,583	) 	 	(4.5	) 	
Provision for loan losses 3	  	1,133,929	  	 	503,672	  	 	630,257	  	 	NM	  	 	3,090,208	  	 	1,511,721	  	 	1,578,487	  	 	NM	  	
	  	 	 	 	 	 	 			 			 	 	 	 	 	 	 			 			
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	  	3,529	  	 	642,541	  	 	(639,012	) 	 	(99.5	) 	 	199,005	  	 	1,931,075	  	 	(1,732,070	) 	 	(89.7	) 	

NONINTEREST INCOME	  			 			 			 			 			 			 			 			
Service charges on deposit accounts	  	219,071	  	 	240,241	  	 	(21,170	) 	 	(8.8	) 	 	635,689	  	 	682,376	  	 	(46,687	) 	 	(6.8	) 	
Trust and investment management income	  	118,874	  	 	147,477	  	 	(28,603	) 	 	(19.4	) 	 	351,891	  	 	465,898	  	 	(114,007	) 	 	(24.5	) 	
Retail investment services	  	51,361	  	 	72,791	  	 	(21,430	) 	 	(29.4	) 	 	163,474	  	 	218,855	  	 	(55,381	) 	 	(25.3	) 	
Other charges and fees	  	133,433	  	 	128,776	  	 	4,657	  	 	3.6	  	 	385,553	  	 	385,588	  	 	(35	) 	 	(0.0	) 	
Investment banking income	  	75,343	  	 	62,164	  	 	13,179	  	 	21.2	  	 	211,915	  	 	178,571	  	 	33,344	  	 	18.7	  	
Trading account profits/(losses) and commissions	  	(86,866	) 	 	121,136	  	 	(208,002	) 	 	NM	  	 	(9,593	) 	 	100,048	  	 	(109,641	) 	 	NM	  	
Card fees	  	82,370	  	 	78,138	  	 	4,232	  	 	5.4	  	 	238,535	  	 	230,465	  	 	8,070	  	 	3.5	  	
Mortgage production related income	  	28,143	  	 	50,028	  	 	(21,885	) 	 	(43.7	) 	 	444,001	  	 	199,085	  	 	244,916	  	 	NM	  	
Mortgage servicing related income	  	60,193	  	 	62,654	  	 	(2,461	) 	 	(3.9	) 	 	283,203	  	 	124,300	  	 	158,903	  	 	NM	  	
Net gain on sale of businesses	  	-	  	 	81,813	  	 	(81,813	) 	 	(100.0	) 	 	-	  	 	200,851	  	 	(200,851	) 	 	(100.0	) 	
Gain from ownership in Visa	  	-	  	 	-	  	 	-	  	 	-	  	 	112,102	  	 	86,305	  	 	25,797	  	 	29.9	  	
Net gain on sale/leaseback of premises	  	-	  	 	-	  	 	-	  	 	-	  	 	-	  	 	37,039	  	 	(37,039	) 	 	(100.0	) 	
Other noninterest income	  	46,437	  	 	66,958	  	 	(20,521	) 	 	(30.6	) 	 	126,024	  	 	184,106	  	 	(58,082	) 	 	(31.5	) 	
Securities gains/(losses), net	  	46,692	  	 	173,046	  	 	(126,354	) 	 	(73.0	) 	 	25,170	  	 	662,247	  	 	(637,077	) 	 	(96.2	) 	
	  	 	 	 	 	 	 			 			 	 	 	 	 	 	 			 			
Total noninterest income	  	775,051	  	 	1,285,222	  	 	(510,171	) 	 	(39.7	) 	 	2,967,964	  	 	3,755,734	  	 	(787,770	) 	 	(21.0	) 	

NONINTEREST EXPENSE	  			 			 			 			 			 			 			 			
Employee compensation and benefits	  	666,037	  	 	696,210	  	 	(30,173	) 	 	(4.3	) 	 	2,105,798	  	 	2,123,250	  	 	(17,452	) 	 	(0.8	) 	
Net occupancy expense	  	90,445	  	 	88,745	  	 	1,700	  	 	1.9	  	 	265,082	  	 	260,669	  	 	4,413	  	 	1.7	  	
Outside processing and software	  	146,850	  	 	132,361	  	 	14,489	  	 	10.9	  	 	430,570	  	 	348,731	  	 	81,839	  	 	23.5	  	
Equipment expense	  	41,616	  	 	51,931	  	 	(10,315	) 	 	(19.9	) 	 	128,948	  	 	155,317	  	 	(26,369	) 	 	(17.0	) 	
Marketing and customer development	  	38,157	  	 	217,693	  	 	(179,536	) 	 	(82.5	) 	 	103,146	  	 	320,599	  	 	(217,453	) 	 	(67.8	) 	
Amortization/impairment of goodwill/intangible assets	  	13,741	  	 	18,551	  	 	(4,810	) 	 	(25.9	) 	 	794,712	  	 	104,001	  	 	690,711	  	 	NM	  	
Net loss on extinguishment of debt	  	2,276	  	 	-	  	 	2,276	  	 	NM	  	 	15,836	  	 	11,723	  	 	4,113	  	 	35.1	  	
Visa litigation	  	-	  	 	20,000	  	 	(20,000	) 	 	(100.0	) 	 	7,000	  	 	(19,124	) 	 	26,124	  	 	NM	  	
Operating losses 3	  	18,425	  	 	135,183	  	 	(116,758	) 	 	(86.4	) 	 	73,616	  	 	210,100	  	 	(136,484	) 	 	(65.0	) 	
Mortgage reinsurance	  	10,000	  	 	47,956	  	 	(37,956	) 	 	(79.1	) 	 	104,620	  	 	79,928	  	 	24,692	  	 	30.9	  	
FDIC premium/regulatory exams	  	45,473	  	 	19,061	  	 	26,412	  	 	NM	  	 	241,621	  	 	34,387	  	 	207,234	  	 	NM	  	
Other noninterest expense	  	355,827	  	 	237,604	  	 	118,223	  	 	49.8	  	 	837,893	  	 	663,289	  	 	174,604	  	 	26.3	  	
	  	 	 	 	 	 	 			 			 	 	 	 	 	 	 			 			
Total noninterest expense	  	1,428,847	  	 	1,665,295	  	 	(236,448	) 	 	(14.2	) 	 	5,108,842	  	 	4,292,870	  	 	815,972	  	 	19.0	  	

INCOME/(LOSS) BEFORE PROVISION/(BENEFIT) FOR INCOME TAXES	  	(650,267	) 	 	262,468	  	 	(912,735	) 	 	NM	  	 	(1,941,873	) 	 	1,393,939	  	 	(3,335,812	) 	 	NM	  	
Less: provision/(benefit) for income taxes	  	(336,056	) 	 	(52,767	) 	 	(283,289	) 	 	NM	  	 	(635,790	) 	 	241,685	  	 	(877,475	) 	 	NM	  	
	  	 	 	 	 	 	 			 			 	 	 	 	 	 	 			 			
NET INCOME/(LOSS) INCLUDING INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	  	(314,211	) 	 	315,235	  	 	(629,446	) 	 	NM	  	 	(1,306,083	) 	 	1,152,254	  	 	(2,458,337	) 	 	NM	  	
Less: net income attributable to noncontrolling interest	  	2,730	  	 	2,791	  	 	(61	) 	 	(2.2	) 	 	9,485	  	 	8,893	  	 	592	  	 	6.7	  	
	  	 	 	 	 	 	 			 			 	 	 	 	 	 	 			 			
NET INCOME/(LOSS)	  	($316,941	) 	 	$312,444	  	 	($629,385	) 	 	NM	  	 	($1,315,568	) 	 	$1,143,361	  	 	($2,458,929	) 	 	NM	  	

NET INCOME/(LOSS) AVAILABLE TO COMMON SHAREHOLDERS	  	($377,144	) 	 	$304,397	  	 	($681,541	) 	 	NM	  	 	($1,416,953	) 	 	$1,115,920	  	 	($2,532,873	) 	 	NM	  	
									
Net interest income - FTE 1	  	    $1,168,174	  	 	    $1,175,679	  	 	($7,505	) 	 	(0.6	) 	 	    $3,382,216	  	 	    $3,528,493	  	 	($146,277	) 	 	(4.1	) 	
									
Net income/(loss) per average common share	  			 			 			 			 			 			 			 			
Diluted	  	(0.76	) 	 	0.87	  	 	(1.63	) 	 	NM	  	 	(3.41	) 	 	3.19	  	 	(6.60	) 	 	NM	  	
Basic	  	(0.76	) 	 	0.87	  	 	(1.63	) 	 	NM	  	 	(3.41	) 	 	3.20	  	 	(6.61	) 	 	NM	  	
									
Cash dividends paid per common share	  	0.01	  	 	0.77	  	 	(0.76	) 	 	(98.7	) 	 	0.21	  	 	2.31	  	 	(2.10	) 	 	(90.9	) 	
Average common shares outstanding (000s)	  			 			 			 			 			 			 			 			
Diluted 4	  	494,169	  	 	350,970	  	 	143,199	  	 	40.8	  	 	415,444	  	 	349,613	  	 	65,831	  	 	18.8	  	
Basic	  	494,169	  	 	349,916	  	 	144,253	  	 	41.2	  	 	415,444	  	 	348,409	  	 	67,035	  	 	19.2	  	

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	During the first quarter of 2009, the Company began incorporating certain types of loan-related fraud losses in the allowance for loan and lease losses. These losses, representing borrower misrepresentation and insurance claim denials, were previously recorded within noninterest expense.	
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 3

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

																						
 	  	         Three Months Ended	 	 	Three Months Ended	 	
 	  	  September 30  
2009	 	 	June 30
2009	 	 	  Increase/(Decrease)  3   	 	 	March 31
2009	 	 	  December 31  
2008	 	 	  September 30  
2008	 	
 	  			 			 	  Amount  	 	 	  %  	 	 			 			 			
Interest income	  	$1,657,522	  	 	$1,693,274	  	 	($35,752	) 	 	(2.1	)  % 	 	$1,729,335	  	 	$1,985,371	  	 	$2,017,314	  	
Interest expense	  	520,064	  	 	603,617	  	 	(83,553	) 	 	(13.8	) 	 	667,237	  	 	808,511	  	 	871,101	  	
	  	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	
NET INTEREST INCOME	  	1,137,458	  	 	1,089,657	  	 	47,801	  	 	4.4	  	 	1,062,098	  	 	1,176,860	  	 	1,146,213	  	
Provision for loan losses 2	  	1,133,929	  	 	962,181	  	 	171,748	  	 	17.8	  	 	994,098	  	 	962,494	  	 	503,672	  	
	  	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	  	3,529	  	 	127,476	  	 	(123,947	) 	 	(97.2	) 	 	68,000	  	 	214,366	  	 	642,541	  	

NONINTEREST INCOME	  			 			 			 			 			 			 			
Service charges on deposit accounts	  	219,071	  	 	210,224	  	 	8,847	  	 	4.2	  	 	206,394	  	 	221,751	  	 	240,241	  	
Trust and investment management income	  	118,874	  	 	117,007	  	 	1,867	  	 	1.6	  	 	116,010	  	 	126,426	  	 	147,477	  	
Retail investment services	  	51,361	  	 	55,400	  	 	(4,039	) 	 	(7.3	) 	 	56,713	  	 	70,238	  	 	72,791	  	
Other charges and fees	  	133,433	  	 	127,799	  	 	5,634	  	 	4.4	  	 	124,321	  	 	125,206	  	 	128,776	  	
Investment banking income	  	75,343	  	 	77,038	  	 	(1,695	) 	 	(2.2	) 	 	59,534	  	 	57,962	  	 	62,164	  	
Trading account profits/(losses) and commissions	  	(86,866	) 	 	(30,020	) 	 	(56,846	) 	 	NM	  	 	107,293	  	 	(61,879	) 	 	121,136	  	
Card fees	  	82,370	  	 	80,505	  	 	1,865	  	 	2.3	  	 	75,660	  	 	77,909	  	 	78,138	  	
Mortgage production related income/(loss)	  	28,143	  	 	165,388	  	 	(137,245	) 	 	(83.0	) 	 	250,470	  	 	(27,717	) 	 	50,028	  	
Mortgage servicing related income/(loss)	  	60,193	  	 	139,658	  	 	(79,465	) 	 	(56.9	) 	 	83,352	  	 	(336,129	) 	 	62,654	  	
Net gain/(loss) on sale of businesses	  	-	  	 	-	  	 	-	  	 	-	  	 	-	  	 	(2,711	) 	 	81,813	  	
Gain from ownership in Visa	  	-	  	 	112,102	  	 	(112,102	) 	 	(100.0	) 	 	-	  	 	-	  	 	-	  	
Other noninterest income	  	46,437	  	 	41,473	  	 	4,964	  	 	12.0	  	 	38,114	  	 	55,620	  	 	66,958	  	
Securities gains/(losses), net	  	46,692	  	 	(24,899	) 	 	71,591	  	 	NM	  	 	3,377	  	 	411,053	  	 	173,046	  	
	  	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	
Total noninterest income	  	775,051	  	 	1,071,675	  	 	(296,624	) 	 	(27.7	) 	 	1,121,238	  	 	717,729	  	 	1,285,222	  	

NONINTEREST EXPENSE	  			 			 			 			 			 			 			
Employee compensation and benefits	  	666,037	  	 	703,709	  	 	(37,672	) 	 	(5.4	) 	 	736,052	  	 	638,014	  	 	696,210	  	
Net occupancy expense	  	90,445	  	 	87,220	  	 	3,225	  	 	3.7	  	 	87,417	  	 	86,620	  	 	88,745	  	
Outside processing and software	  	146,850	  	 	145,359	  	 	1,491	  	 	1.0	  	 	138,361	  	 	143,880	  	 	132,361	  	
Equipment expense	  	41,616	  	 	43,792	  	 	(2,176	) 	 	(5.0	) 	 	43,540	  	 	47,892	  	 	51,931	  	
Marketing and customer development	  	38,157	  	 	30,264	  	 	7,893	  	 	26.1	  	 	34,725	  	 	51,636	  	 	217,693	  	
Amortization/impairment of goodwill/intangible assets	  	13,741	  	 	13,955	  	 	(214	) 	 	(1.5	) 	 	767,016	  	 	17,259	  	 	18,551	  	
Net loss/(gain) on extinguishment of debt	  	2,276	  	 	38,864	  	 	(36,588	) 	 	(94.1	) 	 	(25,304	) 	 	-	  	 	-	  	
Visa litigation	  	-	  	 	7,000	  	 	(7,000	) 	 	(100.0	) 	 	-	  	 	(14,345	) 	 	20,000	  	
Operating losses 2	  	18,425	  	 	32,570	  	 	(14,145	) 	 	(43.4	) 	 	22,621	  	 	236,078	  	 	135,183	  	
Mortgage reinsurance	  	10,000	  	 	24,581	  	 	(14,581	) 	 	(59.3	) 	 	70,039	  	 	99,999	  	 	47,956	  	
FDIC premium/regulatory exams	  	45,473	  	 	148,675	  	 	(103,202	) 	 	(69.4	) 	 	47,473	  	 	20,489	  	 	19,061	  	
Other noninterest expense	  	355,827	  	 	251,983	  	 	103,844	  	 	41.2	  	 	230,083	  	 	258,631	  	 	237,604	  	
	  	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	
Total noninterest expense	  	1,428,847	  	 	1,527,972	  	 	(99,125	) 	 	(6.5	) 	 	2,152,023	  	 	1,586,153	  	 	1,665,295	  	

INCOME/(LOSS) BEFORE PROVISION/(BENEFIT) FOR INCOME TAXES	  	(650,267	) 	 	(328,821	) 	 	(321,446	) 	 	(97.8	) 	 	(962,785	) 	 	(654,058	) 	 	262,468	  	
Less: provision/(benefit) for income taxes	  	(336,056	) 	 	(148,957	) 	 	(187,099	) 	 	NM	  	 	(150,777	) 	 	(308,956	) 	 	(52,767	) 	
	  	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	
NET INCOME/(LOSS) INCLUDING INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	  	(314,211	) 	 	(179,864	) 	 	(134,347	) 	 	(74.7	) 	 	(812,008	) 	 	(345,102	) 	 	315,235	  	
Less: net income attributable to noncontrolling interest	  	2,730	  	 	3,596	  	 	(866	) 	 	(24.1	) 	 	3,159	  	 	2,485	  	 	2,791	  	
	  	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	
NET INCOME/(LOSS)	  	($316,941	) 	 	($183,460	) 	 	($133,481	) 	 	(72.8	) 	 	($815,167	) 	 	($347,587	) 	 	$312,444	  	

NET INCOME/(LOSS) AVAILABLE TO COMMON SHAREHOLDERS	  	($377,144	) 	 	($164,428	) 	 	($212,716	) 	 	NM	  	 	($875,381	) 	 	($374,938	) 	 	$304,397	  	
								
Net interest income - FTE 1	  	    $1,168,174	  	 	    $1,121,085	  	 	$47,089	  	 	4.2	  	 	    $1,092,957	  	 	    $1,208,650	  	 	    $1,175,679	  	
								
Net income/(loss) per average common share	  			 			 			 			 			 			 			
Diluted	  	(0.76	) 	 	(0.41	) 	 	(0.35	) 	 	(85.4	) 	 	(2.49	) 	 	(1.07	) 	 	0.87	  	
Basic	  	(0.76	) 	 	(0.41	) 	 	(0.35	) 	 	(85.4	) 	 	(2.49	) 	 	(1.07	) 	 	0.87	  	
								
Cash dividends paid per common share	  	0.01	  	 	0.10	  	 	(0.09	) 	 	(90.0	) 	 	0.10	  	 	0.54	  	 	0.77	  	
Average common shares outstanding (000s)	  			 			 			 			 			 			 			
Diluted 4	  	494,169	  	 	399,242	  	 	94,927	  	 	23.8	  	 	351,352	  	 	350,439	  	 	350,970	  	
Basic	  	494,169	  	 	399,242	  	 	94,927	  	 	23.8	  	 	351,352	  	 	350,439	  	 	349,916	  	

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	During the first quarter of 2009, the Company began incorporating certain types of loan-related fraud losses in the allowance for loan and lease losses. These losses, representing borrower misrepresentation and insurance claim denials, were previously recorded within noninterest expense.	
3	“NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.	
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 4

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

													
 	  	As of September 30	 	 	    Increase/(Decrease)  3     	 	
 	  	2009	 	 	2008	 	 	Amount	 	 	%	 	
ASSETS	  			 			 			 			
Cash and due from banks	  	$4,303,550	  	 	$3,065,268	  	 	$1,238,282	  	 	40.4	 % 	
Interest-bearing deposits in other banks	  	25,098	  	 	65,025	  	 	(39,927	) 	 	(61.4	) 	
Funds sold and securities purchased under agreements to resell	  	829,089	  	 	1,440,234	  	 	(611,145	) 	 	(42.4	) 	
Trading assets	  	6,673,623	  	 	8,936,540	  	 	(2,262,917	) 	 	(25.3	) 	
Securities available for sale 1	  	22,122,850	  	 	14,533,075	  	 	7,589,775	  	 	52.2	  	
Loans held for sale	  	4,577,549	  	 	4,759,761	  	 	(182,212	) 	 	(3.8	) 	
Loans:	  			 			 			 			
Commercial	  	33,491,704	  	 	40,084,729	  	 	(6,593,025	) 	 	(16.4	) 	
Real estate:	  			 			 			 			
Home equity lines	  	16,120,532	  	 	16,159,053	  	 	(38,521	) 	 	(0.2	) 	
Construction	  	7,379,580	  	 	11,519,497	  	 	(4,139,917	) 	 	(35.9	) 	
Residential mortgages	  	31,623,160	  	 	32,382,111	  	 	(758,951	) 	 	(2.3	) 	
Commercial real estate - owner occupied	  	9,062,920	  	 	8,365,212	  	 	697,708	  	 	8.3	  	
Commercial real estate - investor owned	  	6,230,803	  	 	5,476,783	  	 	754,020	  	 	13.8	  	
Consumer:	  			 			 			 			
Direct	  	5,058,593	  	 	4,930,531	  	 	128,062	  	 	2.6	  	
Indirect	  	6,564,095	  	 	6,796,898	  	 	(232,803	) 	 	(3.4	) 	
Credit card	  	956,551	  	 	1,003,581	  	 	(47,030	) 	 	(4.7	) 	
	  	 	 	 	 	 	 			 			
Total loans	  	116,487,938	  	 	126,718,395	  	 	(10,230,457	) 	 	(8.1	) 	
Allowance for loan and lease losses	  	(3,024,000	) 	 	(1,941,000	) 	 	1,083,000	  	 	55.8	  	
	  	 	 	 	 	 	 			 			
Net loans	  	113,463,938	  	 	124,777,395	  	 	(11,313,457	) 	 	(9.1	) 	
Goodwill	  	6,314,382	  	 	7,062,869	  	 	(748,487	) 	 	(10.6	) 	
Other intangible assets	  	1,604,136	  	 	1,389,965	  	 	214,171	  	 	15.4	  	
Other real estate owned	  	571,553	  	 	387,037	  	 	184,516	  	 	47.7	  	
Other assets	  	12,231,979	  	 	8,359,591	  	 	3,872,388	  	 	46.3	  	
	  	 	 	 	 	 	 			 			
Total assets 2	  	$172,717,747	  	 	$174,776,760	  	 	($2,059,013	) 	 	(1.2	) 	

LIABILITIES	  			 			 			 			
Noninterest-bearing consumer and commercial deposits	  	$23,590,252	  	 	$21,487,853	  	 	$2,102,399	  	 	9.8	 % 	
Interest-bearing consumer and commercial deposits:	  			 			 			 			
NOW accounts	  	24,483,369	  	 	20,313,035	  	 	4,170,334	  	 	20.5	  	
Money market accounts	  	32,741,496	  	 	27,654,355	  	 	5,087,141	  	 	18.4	  	
Savings	  	3,850,617	  	 	3,568,831	  	 	281,786	  	 	7.9	  	
Consumer time	  	16,317,023	  	 	16,566,225	  	 	(249,202	) 	 	(1.5	) 	
Other time	  	12,618,485	  	 	12,238,642	  	 	379,843	  	 	3.1	  	
	  	 	 	 	 	 	 			 			
Total consumer and commercial deposits	  	113,601,242	  	 	101,828,941	  	 	11,772,301	  	 	11.6	  	
Brokered deposits	  	4,953,103	  	 	9,141,001	  	 	(4,187,898	) 	 	(45.8	) 	
Foreign deposits	  	776,697	  	 	4,941,939	  	 	(4,165,242	) 	 	(84.3	) 	
	  	 	 	 	 	 	 			 			
Total deposits	  	119,331,042	  	 	115,911,881	  	 	3,419,161	  	 	2.9	  	
Funds purchased	  	1,037,562	  	 	2,388,629	  	 	(1,351,067	) 	 	(56.6	) 	
Securities sold under agreements to repurchase	  	2,186,204	  	 	4,090,085	  	 	(1,903,881	) 	 	(46.5	) 	
Other short-term borrowings	  	1,692,889	  	 	2,728,307	  	 	(1,035,418	) 	 	(38.0	) 	
Long-term debt	  	18,177,280	  	 	23,857,828	  	 	(5,680,548	) 	 	(23.8	) 	
Trading liabilities	  	2,531,114	  	 	1,924,013	  	 	607,101	  	 	31.6	  	
Other liabilities	  	4,853,372	  	 	5,806,639	  	 	(953,267	) 	 	(16.4	) 	
	  	 	 	 	 	 	 			 			
Total liabilities	  	149,809,463	  	 	156,707,382	  	 	(6,897,919	) 	 	(4.4	) 	

SHAREHOLDERS’ EQUITY	  			 			 			 			
Preferred stock, no par value	  	4,911,416	  	 	500,000	  	 	4,411,416	  	 	NM	  	
Common stock, $1.00 par value	  	514,667	  	 	372,799	  	 	141,868	  	 	38.1	  	
Additional paid in capital	  	8,520,533	  	 	6,783,976	  	 	1,736,557	  	 	25.6	  	
Retained earnings	  	8,886,150	  	 	10,959,830	  	 	(2,073,680	) 	 	(18.9	) 	
Treasury stock, at cost, and other	  	(1,076,633	) 	 	(1,435,517	) 	 	(358,884	) 	 	(25.0	) 	
Accumulated other comprehensive income, net of tax	  	1,152,151	  	 	888,290	  	 	263,861	  	 	29.7	  	
	  	 	 	 	 	 	 			 			
Total shareholders’ equity	  	22,908,284	  	 	18,069,378	  	 	4,838,906	  	 	26.8	  	

Total liabilities and shareholders’ equity	  	$172,717,747	  	 	$174,776,760	  	 	($2,059,013	) 	 	(1.2	) 	

Common shares outstanding	  	499,146,588	  	 	353,962,785	  	 	145,183,803	  	 	41.0	  	
Common shares authorized	  	750,000,000	  	 	750,000,000	  	 	-	  	 	-	  	
Preferred shares outstanding	  	50,225	  	 	5,000	  	 	45,225	  	 	NM	  	
Preferred shares authorized	  	50,000,000	  	 	50,000,000	  	 	-	  	 	-	  	
Treasury shares of common stock	  	15,520,007	  	 	18,836,584	  	 	(3,316,577	) 	 	(17.6	) 	
	  			 			 			 			
1    Includes net unrealized gains of	  	$1,903,165	  	 	$1,519,449	  	 	$383,716	  	 	25.3	 % 	
2    Includes earning assets of	  	145,554,286	  	 	152,903,782	  	 	(7,349,496	) 	 	(4.8	) 	
3    “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 thousands) (Unaudited)

																						
 	  	                                As of	 	 	As of	 	
 	  	    September 30    	 	 	    June 30    	 	 	    Increase/(Decrease)  3     	 	 	    March 31    	 	 	    December 31    	 	 	    September 30    	 	
 	  	2009	 	 	2009	 	 	Amount	 	 	%	 	 	2009	 	 	2008	 	 	2008	 	
ASSETS	  			 			 			 			 			 			 			
Cash and due from banks	  	$4,303,550	  	 	$2,434,859	  	 	$1,868,691	  	 	76.7	 % 	 	$5,825,730	  	 	$5,622,789	  	 	$3,065,268	  	
Interest-bearing deposits in other banks	  	25,098	  	 	24,310	  	 	788	  	 	3.2	  	 	25,282	  	 	23,999	  	 	65,025	  	
Funds sold and securities purchased under agreements to resell	  	829,089	  	 	798,515	  	 	30,574	  	 	3.8	  	 	1,209,987	  	 	990,614	  	 	1,440,234	  	
Trading assets	  	6,673,623	  	 	7,739,197	  	 	(1,065,574	) 	 	(13.8	) 	 	7,397,338	  	 	10,396,269	  	 	8,936,540	  	
Securities available for sale 1	  	22,122,850	  	 	19,465,291	  	 	2,657,559	  	 	13.7	  	 	19,485,406	  	 	19,696,537	  	 	14,533,075	  	
Loans held for sale	  	4,577,549	  	 	8,031,114	  	 	(3,453,565	) 	 	(43.0	) 	 	6,954,038	  	 	4,032,128	  	 	4,759,761	  	
Loans:	  			 			 			 			 			 			 			
Commercial	  	33,491,704	  	 	37,960,878	  	 	(4,469,174	) 	 	(11.8	) 	 	38,616,338	  	 	41,039,945	  	 	40,084,729	  	
Real estate:	  			 			 			 			 			 			 			
Home equity lines	  	16,120,532	  	 	16,298,228	  	 	(177,696	) 	 	(1.1	) 	 	16,455,007	  	 	16,454,382	  	 	16,159,053	  	
Construction	  	7,379,580	  	 	8,175,803	  	 	(796,223	) 	 	(9.7	) 	 	9,046,475	  	 	9,863,961	  	 	11,519,497	  	
Residential mortgages	  	31,623,160	  	 	31,988,995	  	 	(365,835	) 	 	(1.1	) 	 	32,180,888	  	 	32,065,839	  	 	32,382,111	  	
Commercial real estate - owner occupied	  	9,062,920	  	 	9,349,847	  	 	(286,927	) 	 	(3.1	) 	 	8,858,393	  	 	8,758,052	  	 	8,365,212	  	
Commercial real estate - investor owned	  	6,230,803	  	 	6,509,267	  	 	(278,464	) 	 	(4.3	) 	 	6,235,754	  	 	6,199,030	  	 	5,476,783	  	
Consumer:	  			 			 			 			 			 			 			
Direct	  	5,058,593	  	 	5,121,230	  	 	(62,637	) 	 	(1.2	) 	 	5,173,380	  	 	5,139,335	  	 	4,930,531	  	
Indirect	  	6,564,095	  	 	6,406,383	  	 	157,712	  	 	2.5	  	 	6,351,255	  	 	6,507,622	  	 	6,796,898	  	
Credit card	  	956,551	  	 	1,005,545	  	 	(48,994	) 	 	(4.9	) 	 	975,476	  	 	970,277	  	 	1,003,581	  	
	  	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	
Total loans	  	116,487,938	  	 	122,816,176	  	 	(6,328,238	) 	 	(5.2	) 	 	123,892,966	  	 	126,998,443	  	 	126,718,395	  	
Allowance for loan and lease losses	  	(3,024,000	) 	 	(2,896,000	) 	 	128,000	  	 	4.4	  	 	(2,735,000	) 	 	(2,350,996	) 	 	(1,941,000	) 	
	  	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	
Net loans	  	113,463,938	  	 	119,920,176	  	 	(6,456,238	) 	 	(5.4	) 	 	121,157,966	  	 	124,647,447	  	 	124,777,395	  	
Goodwill	  	6,314,382	  	 	6,314,382	  	 	-  	  	 	-  	  	 	6,309,431	  	 	7,043,503	  	 	7,062,869	  	
Other intangible assets	  	1,604,136	  	 	1,517,483	  	 	86,653	  	 	5.7	  	 	1,103,333	  	 	1,035,427	  	 	1,389,965	  	
Other real estate owned	  	571,553	  	 	588,922	  	 	(17,369	) 	 	(2.9	) 	 	593,579	  	 	500,481	  	 	387,037	  	
Other assets	  	12,231,979	  	 	9,900,722	  	 	2,331,257	  	 	23.5	  	 	9,054,312	  	 	15,148,767	  	 	8,359,591	  	
	  	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	
Total assets 2	  	$172,717,747	  	 	$176,734,971	  	 	($4,017,224	) 	 	(2.3	) 	 	$179,116,402	  	 	$189,137,961	  	 	$174,776,760	  	

LIABILITIES	  			 			 			 			 			 			 			
Noninterest-bearing consumer and commercial deposits	  	$23,590,252	  	 	$24,610,303	  	 	($1,020,051	) 	 	(4.1	) % 	 	$24,371,518	  	 	$21,522,021	  	 	$21,487,853	  	
Interest-bearing consumer and commercial deposits:	  			 			 			 			 			 			 			
NOW accounts	  	24,483,369	  	 	23,293,865	  	 	1,189,504	  	 	5.1	  	 	22,420,789	  	 	21,349,609	  	 	20,313,035	  	
Money market accounts	  	32,741,496	  	 	31,986,840	  	 	754,656	  	 	2.4	  	 	30,350,351	  	 	28,744,308	  	 	27,654,355	  	
Savings	  	3,850,617	  	 	3,663,261	  	 	187,356	  	 	5.1	  	 	3,598,754	  	 	3,345,187	  	 	3,568,831	  	
Consumer time	  	16,317,023	  	 	17,007,704	  	 	(690,681	) 	 	(4.1	) 	 	17,555,203	  	 	17,239,725	  	 	16,566,225	  	
Other time	  	12,618,485	  	 	13,184,374	  	 	(565,889	) 	 	(4.3	) 	 	14,152,098	  	 	13,074,857	  	 	12,238,642	  	
	  	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	
Total consumer and commercial deposits	  	113,601,242	  	 	113,746,347	  	 	(145,105	) 	 	(0.1	) 	 	112,448,713	  	 	105,275,707	  	 	101,828,941	  	
Brokered deposits	  	4,953,103	  	 	4,519,752	  	 	433,351	  	 	9.6	  	 	6,373,500	  	 	7,667,167	  	 	9,141,001	  	
Foreign deposits	  	776,697	  	 	535,372	  	 	241,325	  	 	45.1	  	 	149,962	  	 	385,510	  	 	4,941,939	  	
	  	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	
Total deposits	  	119,331,042	  	 	118,801,471	  	 	529,571	  	 	0.4	  	 	118,972,175	  	 	113,328,384	  	 	115,911,881	  	
Funds purchased	  	1,037,562	  	 	3,920,127	  	 	(2,882,565	) 	 	(73.5	) 	 	1,567,406	  	 	1,120,079	  	 	2,388,629	  	
Securities sold under agreements to repurchase	  	2,186,204	  	 	2,393,434	  	 	(207,230	) 	 	(8.7	) 	 	3,165,644	  	 	3,193,311	  	 	4,090,085	  	
Other short-term borrowings	  	1,692,889	  	 	1,761,711	  	 	(68,822	) 	 	(3.9	) 	 	2,883,384	  	 	5,166,360	  	 	2,728,307	  	
Long-term debt	  	18,177,280	  	 	18,842,460	  	 	(665,180	) 	 	(3.5	) 	 	23,029,842	  	 	26,812,381	  	 	23,857,828	  	
Trading liabilities	  	2,531,114	  	 	2,348,851	  	 	182,263	  	 	7.8	  	 	3,050,628	  	 	3,240,784	  	 	1,924,013	  	
Other liabilities	  	4,853,372	  	 	5,713,759	  	 	(860,387	) 	 	(15.1	) 	 	4,801,697	  	 	13,775,857	  	 	5,806,639	  	
	  	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	
Total liabilities	  	149,809,463	  	 	153,781,813	  	 	(3,972,350	) 	 	(2.6	) 	 	157,470,776	  	 	166,637,156	  	 	156,707,382	  	

SHAREHOLDERS’ EQUITY	  			 			 			 			 			 			 			
Preferred stock, no par value	  	4,911,416	  	 	4,918,863	  	 	(7,447	) 	 	(0.2	) 	 	5,227,357	  	 	5,221,703	  	 	500,000	  	
Common stock, $1.00 par value	  	514,667	  	 	514,667	  	 	-  	  	 	-  	  	 	372,799	  	 	372,799	  	 	372,799	  	
Additional paid in capital	  	8,520,533	  	 	8,540,036	  	 	(19,503	) 	 	(0.2	) 	 	6,713,536	  	 	6,904,644	  	 	6,783,976	  	
Retained earnings	  	8,886,150	  	 	9,271,388	  	 	(385,238	) 	 	(4.2	) 	 	9,466,914	  	 	10,388,984	  	 	10,959,830	  	
Treasury stock, at cost, and other	  	(1,076,633	) 	 	(1,115,782	) 	 	(39,149	) 	 	3.5	  	 	(1,168,995	) 	 	(1,368,450	) 	 	(1,435,517	) 	
Accumulated other comprehensive income, net of tax	  	1,152,151	  	 	823,986	  	 	328,165	  	 	39.8	  	 	1,034,015	  	 	981,125	  	 	888,290	  	
	  	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	
Total shareholders’ equity	  	22,908,284	  	 	22,953,158	  	 	(44,874	) 	 	(0.2	) 	 	21,645,626	  	 	22,500,805	  	 	18,069,378	  	

Total liabilities and shareholders’ equity	  	$172,717,747	  	 	$176,734,971	  	 	($4,017,224	) 	 	(2.3	) 	 	$179,116,402	  	 	$189,137,961	  	 	$174,776,760	  	

Common shares outstanding	  	499,146,588	  	 	498,786,047	  	 	360,541	  	 	0.1	  	 	356,693,099	  	 	354,515,013	  	 	353,962,785	  	
Common shares authorized	  	750,000,000	  	 	750,000,000	  	 	-  	  	 	-  	  	 	750,000,000	  	 	750,000,000	  	 	750,000,000	  	
Preferred shares outstanding	  	50,225	  	 	50,358	  	 	(133	) 	 	(0.3	) 	 	53,500	  	 	53,500	  	 	5,000	  	
Preferred shares authorized	  	50,000,000	  	 	50,000,000	  	 	-  	  	 	-  	  	 	50,000,000	  	 	50,000,000	  	 	50,000,000	  	
Treasury shares of common stock	  	15,520,007	  	 	15,880,548	  	 	(360,541	) 	 	(2.3	) 	 	16,106,270	  	 	18,284,356	  	 	18,836,584	  	
	  			 			 			 			 			 			 			
1    Includes net unrealized gains of	  	$1,903,165	  	 	$1,479,277	  	 	$423,888	  	 	28.7	 % 	 	$1,492,517	  	 	$1,413,330	  	 	$1,519,449	  	
2    Includes earning assets of	  	145,554,286	  	 	154,345,469	  	 	(8,791,183	) 	 	(5.7	) 	 	153,289,712	  	 	156,016,463	  	 	152,903,782	  	
3    “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.	        	 			 			 			 			 			 			
 
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	 	
 	  	September 30, 2009	 	 	June 30, 2009	 	 	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 1-4 family	  	$28,397.5	  	 	$423.7	  	5.97	 % 	 	$29,388.0	  	 	$437.0	  	5.95	 % 	 	($990.5	) 	 	0.02	 % 	 	($3,089.0	) 	 	(0.31	) % 	
Real estate construction	  	5,420.5	  	 	45.0	  	3.29	  	 	6,448.6	  	 	52.6	  	3.27	  	 	(1,028.1	) 	 	0.02	  	 	(5,081.4	) 	 	(1.63	) 	
Real estate home equity lines	  	15,611.3	  	 	130.8	  	3.32	  	 	15,808.9	  	 	130.8	  	3.32	  	 	(197.6	) 	 	-  	  	 	186.9	  	 	(1.66	) 	
Real estate commercial	  	15,820.4	  	 	161.7	  	4.05	  	 	15,774.9	  	 	163.1	  	4.15	  	 	45.5	  	 	(0.10	) 	 	1,681.8	  	 	(1.39	) 	
Commercial - FTE 1	  	35,410.1	  	 	452.9	  	5.07	  	 	38,599.0	  	 	458.9	  	4.77	  	 	(3,188.9	) 	 	0.30	  	 	(2,654.3	) 	 	(0.25	) 	
Credit card	  	989.9	  	 	18.6	  	7.53	  	 	977.8	  	 	17.4	  	7.10	  	 	12.1	  	 	0.43	  	 	130.2	  	 	3.17	  	
Consumer - direct	  	5,042.1	  	 	49.4	  	3.89	  	 	5,127.6	  	 	50.6	  	3.96	  	 	(85.5	) 	 	(0.07	) 	 	337.1	  	 	(1.43	) 	
Consumer - indirect	  	6,616.9	  	 	105.6	  	6.33	  	 	6,498.8	  	 	103.2	  	6.37	  	 	118.1	  	 	(0.04	) 	 	(535.4	) 	 	(0.01	) 	
Nonaccrual and restructured	  	6,487.5	  	 	9.6	  	0.59	  	 	5,499.8	  	 	10.7	  	0.78	  	 	987.7	  	 	(0.19	) 	 	3,178.3	  	 	(0.29	) 	
	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total loans	  	119,796.2	  	 	1,397.3	  	4.63	  	 	124,123.4	  	 	1,424.3	  	4.60	  	 	(4,327.2	) 	 	0.03	  	 	(5,845.8	) 	 	(0.79	) 	
Securities available for sale:	  			 		  			 			 		  			 			 			 			 			
Taxable	  	19,568.0	  	 	196.3	  	4.01	  	 	16,479.9	  	 	186.7	  	4.53	  	 	3,088.1	  	 	(0.52	) 	 	7,623.8	  	 	(1.83	) 	
Tax-exempt - FTE 1	  	979.0	  	 	13.3	  	5.44	  	 	1,009.6	  	 	13.8	  	5.47	  	 	(30.6	) 	 	(0.03	) 	 	(38.2	) 	 	(0.63	) 	
	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total securities available for sale - FTE 1	  	20,547.0	  	 	209.6	  	4.08	  	 	17,489.5	  	 	200.5	  	4.59	  	 	3,057.5	  	 	(0.51	) 	 	7,585.6	  	 	(1.78	) 	
Funds sold and securities purchased under agreements to resell	  	695.2	  	 	0.4	  	0.22	  	 	825.6	  	 	0.6	  	0.27	  	 	(130.4	) 	 	(0.05	) 	 	(954.5	) 	 	(1.57	) 	
Loans held for sale	  	5,100.8	  	 	57.3	  	4.49	  	 	6,547.3	  	 	72.4	  	4.42	  	 	(1,446.5	) 	 	0.07	  	 	641.5	  	 	(1.33	) 	
Interest-bearing deposits	  	25.8	  	 	0.1	  	0.51	  	 	25.0	  	 	0.1	  	1.01	  	 	0.8	  	 	(0.50	) 	 	(2.2	) 	 	(2.30	) 	
Interest earning trading assets	  	3,414.3	  	 	23.6	  	2.74	  	 	4,166.4	  	 	26.8	  	2.58	  	 	(752.1	) 	 	0.16	  	 	(4,165.1	) 	 	(1.02	) 	
	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total earning assets	  	149,579.3	  	 	1,688.3	  	4.48	  	 	153,177.2	  	 	1,724.7	  	4.52	  	 	(3,597.9	) 	 	(0.04	) 	 	(2,740.5	) 	 	(0.87	) 	
Allowance for loan and lease losses	  	(2,842.7	) 	 		  			 	(2,684.0	) 	 		  			 	(158.7	) 	 			 	(806.9	) 	 			
Cash and due from banks	  	3,507.8	  	 		  			 	4,188.8	  	 		  			 	(681.0	) 	 			 	589.7	  	 			
Other assets	  	17,485.0	  	 		  			 	16,867.4	  	 		  			 	617.6	  	 			 	364.3	  	 			
Noninterest earning trading assets	  	3,126.5	  	 		  			 	3,424.6	  	 		  			 	(298.1	) 	 			 	1,087.2	  	 			
Unrealized gains on securities available for sale, net	  	1,607.3	  	 		  			 	1,506.5	  	 		  			 	100.8	  	 			 	80.9	  	 			
	  	 	 	 		  			 	 	 	 		  			 	 	 	 			 	 	 	 			
Total assets	  	$172,463.2	  	 		  			 	$176,480.5	  	 		  			 	($4,017.3	) 	 			 	($1,425.3	) 	 			

LIABILITIES AND SHAREHOLDERS’ EQUITY	  	 		  			 			 			 			 			
Interest-bearing deposits:	  			 		  			 			 		  			 			 			 			 			
NOW accounts	  	$23,956.2	  	 	$23.8	  	0.39	 % 	 	$22,768.4	  	 	$26.2	  	0.46	 % 	 	$1,187.8	  	 	(0.07	) % 	 	$3,454.7	  	 	(0.69	) % 	
Money market accounts	  	32,505.4	  	 	70.4	  	0.86	  	 	31,251.3	  	 	85.5	  	1.10	  	 	1,254.1	  	 	(0.24	) 	 	5,608.3	  	 	(0.95	) 	
Savings	  	3,732.9	  	 	3.0	  	0.32	  	 	3,662.2	  	 	2.4	  	0.26	  	 	70.7	  	 	0.06	  	 	(38.0	) 	 	(0.08	) 	
Consumer time	  	16,734.6	  	 	118.0	  	2.80	  	 	17,366.8	  	 	132.6	  	3.06	  	 	(632.2	) 	 	(0.26	) 	 	452.5	  	 	(0.72	) 	
Other time	  	13,041.3	  	 	94.2	  	2.86	  	 	13,904.7	  	 	106.1	  	3.06	  	 	(863.4	) 	 	(0.20	) 	 	1,173.0	  	 	(0.72	) 	
	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total interest-bearing consumer and commercial deposits	  	89,970.4	  	 	309.4	  	1.36	  	 	88,953.4	  	 	352.8	  	1.59	  	 	1,017.0	  	 	(0.23	) 	 	10,650.5	  	 	(0.81	) 	
Brokered deposits	  	4,706.0	  	 	25.5	  	2.12	  	 	6,315.3	  	 	46.0	  	2.88	  	 	(1,609.3	) 	 	(0.76	) 	 	(5,987.5	) 	 	(1.20	) 	
Foreign deposits	  	486.9	  	 	0.1	  	0.11	  	 	293.1	  	 	0.1	  	0.12	  	 	193.8	  	 	(0.01	) 	 	(4,619.4	) 	 	(1.57	) 	
	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total interest-bearing deposits	  	95,163.3	  	 	335.0	  	1.40	  	 	95,561.8	  	 	398.9	  	1.67	  	 	(398.5	) 	 	(0.27	) 	 	43.6	  	 	(0.88	) 	
Funds purchased	  	1,521.7	  	 	0.7	  	0.18	  	 	2,199.2	  	 	1.1	  	0.20	  	 	(677.5	) 	 	(0.02	) 	 	(1,136.8	) 	 	(1.62	) 	
Securities sold under agreements to repurchase	  	2,043.1	  	 	0.8	  	0.15	  	 	2,698.9	  	 	1.3	  	0.20	  	 	(655.8	) 	 	(0.05	) 	 	(2,928.6	) 	 	(1.35	) 	
Interest-bearing trading liabilities	  	414.1	  	 	4.7	  	4.46	  	 	453.1	  	 	4.9	  	4.35	  	 	(39.0	) 	 	0.11	  	 	(580.4	) 	 	0.93	  	
Other short-term borrowings	  	1,606.8	  	 	2.9	  	0.73	  	 	2,576.2	  	 	3.6	  	0.56	  	 	(969.4	) 	 	0.17	  	 	(914.2	) 	 	(1.04	) 	
Long-term debt	  	18,388.6	  	 	176.0	  	3.80	  	 	20,049.8	  	 	193.8	  	3.88	  	 	(1,661.2	) 	 	(0.08	) 	 	(4,030.8	) 	 	(1.06	) 	
	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total interest-bearing liabilities	  	119,137.6	  	 	520.1	  	1.73	  	 	123,539.0	  	 	603.6	  	1.96	  	 	(4,401.4	) 	 	(0.23	) 	 	(9,547.2	) 	 	(0.96	) 	
Noninterest-bearing deposits	  	24,516.0	  	 		  			 	24,574.1	  	 		  			 	(58.1	) 	 			 	3,636.1	  	 			
Other liabilities	  	4,384.6	  	 		  			 	4,491.6	  	 		  			 	(107.0	) 	 			 	(461.0	) 	 			
Noninterest-bearing trading liabilities	  	1,957.1	  	 		  			 	1,950.1	  	 		  			 	7.0	  	 			 	576.3	  	 			
Shareholders’ equity	  	22,467.9	  	 		  			 	21,925.7	  	 		  			 	542.2	  	 			 	4,370.5	  	 			
	  	 	 	 		  			 	 	 	 		  			 	 	 	 			 	 	 	 			
Total liabilities and shareholders’ equity	  	$172,463.2	  	 		  			 	$176,480.5	  	 		  			 	($4,017.3	) 	 			 	($1,425.3	) 	 			

											
Interest Rate Spread	  			 		  	2.75	 % 	 			 		  	2.56	 % 	 			 	0.19	 % 	 			 	0.09	 % 	

Net Interest Income - FTE 1	  			 	$1,168.2	  			 			 	$1,121.1	  			 			 			 			 			

Net Interest Margin 2	  			 		  	3.10	 % 	 			 		  	2.94	 % 	 			 	0.16	 % 	 			 	0.03	 % 	

 
1	The fully taxable-equivalent (“FTE”) basis adjusts for the tax-favored status of net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources.	
2	The net interest margin is calculated by dividing annualized net interest income - FTE by average total earning assets.	
 
Page 7

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

																									
 	  	Three Months Ended	 	
 	  	March 31, 2009	 	 	December 31, 2008	 	 	September 30, 2008	 	
 	  	    Average    
Balances	 	 	 
    Interest    
Income/
Expense	  	    Yields/    
Rates	 	 	    Average    
Balances	 	 	    Interest    
Income/
Expense	  	    Yields/    
Rates	 	 	    Average    
Balances	 	 	    Interest    
Income/
Expense	  	    Yields/    
Rates	 	
ASSETS	  			 		  			 			 		  			 			 		  			
Loans:	  			 		  			 			 		  			 			 		  			
Real estate 1-4 family	  	$29,945.3	  	 	$451.5	  	6.03	 % 	 	$31,006.9	  	 	$482.4	  	6.22	 % 	 	$31,486.5	  	 	$494.0	  	6.28	 % 	
Real estate construction	  	7,376.5	  	 	59.9	  	3.29	  	 	8,914.8	  	 	106.5	  	4.75	  	 	10,501.9	  	 	130.0	  	4.92	  	
Real estate home equity lines	  	15,906.7	  	 	132.7	  	3.38	  	 	15,803.1	  	 	173.8	  	4.38	  	 	15,424.4	  	 	193.0	  	4.98	  	
Real estate commercial	  	15,338.8	  	 	158.3	  	4.18	  	 	14,736.8	  	 	202.2	  	5.46	  	 	14,138.6	  	 	193.4	  	5.44	  	
Commercial - FTE 1	  	39,198.6	  	 	453.4	  	4.69	  	 	40,463.8	  	 	540.5	  	5.31	  	 	38,064.4	  	 	508.5	  	5.32	  	
Credit card	  	972.2	  	 	18.1	  	7.45	  	 	999.0	  	 	16.9	  	6.76	  	 	859.7	  	 	9.4	  	4.36	  	
Consumer - direct	  	5,164.6	  	 	56.3	  	4.42	  	 	5,009.4	  	 	65.3	  	5.18	  	 	4,705.0	  	 	62.9	  	5.32	  	
Consumer - indirect	  	6,624.1	  	 	105.1	  	6.44	  	 	6,820.9	  	 	109.6	  	6.39	  	 	7,152.3	  	 	114.0	  	6.34	  	
Nonaccrual and restructured	  	4,806.7	  	 	4.3	  	0.36	  	 	3,853.2	  	 	5.1	  	0.53	  	 	3,309.2	  	 	7.4	  	0.88	  	
	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	
Total loans	  	125,333.5	  	 	1,439.6	  	4.66	  	 	127,607.9	  	 	1,702.3	  	5.31	  	 	125,642.0	  	 	1,712.6	  	5.42	  	
Securities available for sale:	  			 		  			 			 		  			 			 		  			
Taxable	  	16,371.0	  	 	199.4	  	4.87	  	 	13,071.2	  	 	183.8	  	5.63	  	 	11,944.2	  	 	174.4	  	5.84	  	
Tax-exempt - FTE 1	  	1,071.9	  	 	14.7	  	5.50	  	 	1,007.9	  	 	15.2	  	6.04	  	 	1,017.2	  	 	15.5	  	6.07	  	
	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	
Total securities available for sale - FTE 1	  	17,442.9	  	 	214.1	  	4.91	  	 	14,079.1	  	 	199.0	  	5.65	  	 	12,961.4	  	 	189.9	  	5.86	  	
Funds sold and securities purchased under agreements to resell	  	963.7	  	 	0.9	  	0.39	  	 	963.2	  	 	1.9	  	0.77	  	 	1,649.7	  	 	7.5	  	1.79	  	
Loans held for sale	  	5,348.8	  	 	61.8	  	4.62	  	 	3,968.3	  	 	53.5	  	5.39	  	 	4,459.3	  	 	65.0	  	5.82	  	
Interest-bearing deposits	  	26.1	  	 	0.1	  	1.76	  	 	30.9	  	 	0.2	  	2.14	  	 	28.0	  	 	0.2	  	2.81	  	
Interest earning trading assets	  	5,275.0	  	 	43.7	  	3.35	  	 	6,538.5	  	 	60.3	  	3.67	  	 	7,579.4	  	 	71.6	  	3.76	  	
	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	
Total earning assets	  	154,390.0	  	 	1,760.2	  	4.62	  	 	153,187.9	  	 	2,017.2	  	5.24	  	 	152,319.8	  	 	2,046.8	  	5.35	  	
Allowance for loan and lease losses	  	(2,350.9	) 	 		  			 	(1,997.9	) 	 		  			 	(2,035.8	) 	 		  			
Cash and due from banks	  	3,995.4	  	 		  			 	3,218.6	  	 		  			 	2,918.1	  	 		  			
Other assets	  	17,415.5	  	 		  			 	17,695.3	  	 		  			 	17,120.7	  	 		  			
Noninterest earning trading assets	  	4,080.2	  	 		  			 	3,571.8	  	 		  			 	2,039.3	  	 		  			
Unrealized gains on securities available for sale, net	  	1,341.1	  	 		  			 	1,371.6	  	 		  			 	1,526.4	  	 		  			
	  	 	 	 		  			 	 	 	 		  			 	 	 	 		  			
Total assets	  	$178,871.3	  	 		  			 	$177,047.3	  	 		  			 	$173,888.5	  	 		  			

LIABILITIES AND SHAREHOLDERS’ EQUITY	  	 		  			 			 		  			
Interest-bearing deposits:	  			 		  			 			 		  			 			 		  			
NOW accounts	  	$21,243.5	  	 	$26.1	  	0.50	 % 	 	$20,095.0	  	 	$32.6	  	0.65	 % 	 	$20,501.5	  	 	$55.9	  	1.08	 % 	
Money market accounts	  	29,316.9	  	 	96.3	  	1.33	  	 	27,968.7	  	 	126.3	  	1.80	  	 	26,897.1	  	 	122.5	  	1.81	  	
Savings	  	3,443.1	  	 	2.3	  	0.27	  	 	3,460.0	  	 	2.8	  	0.32	  	 	3,770.9	  	 	3.8	  	0.40	  	
Consumer time	  	17,240.2	  	 	137.0	  	3.22	  	 	17,043.5	  	 	141.9	  	3.31	  	 	16,282.1	  	 	144.2	  	3.52	  	
Other time	  	13,444.0	  	 	107.4	  	3.24	  	 	12,716.6	  	 	112.0	  	3.50	  	 	11,868.3	  	 	106.8	  	3.58	  	
	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	
Total interest-bearing consumer and commercial deposits	  	84,687.7	  	 	369.1	  	1.77	  	 	81,283.8	  	 	415.6	  	2.03	  	 	79,319.9	  	 	433.2	  	2.17	  	
Brokered deposits	  	7,004.9	  	 	54.6	  	3.12	  	 	8,942.3	  	 	84.3	  	3.69	  	 	10,693.5	  	 	90.8	  	3.32	  	
Foreign deposits	  	412.4	  	 	0.2	  	0.17	  	 	3,706.4	  	 	4.0	  	0.42	  	 	5,106.3	  	 	21.9	  	1.68	  	
	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	
Total interest-bearing deposits	  	92,105.0	  	 	423.9	  	1.87	  	 	93,932.5	  	 	503.9	  	2.13	  	 	95,119.7	  	 	545.9	  	2.28	  	
Funds purchased	  	1,533.3	  	 	0.9	  	0.24	  	 	2,156.1	  	 	3.8	  	0.69	  	 	2,658.5	  	 	12.3	  	1.80	  	
Securities sold under agreements to repurchase	  	3,245.5	  	 	1.8	  	0.22	  	 	3,609.4	  	 	3.1	  	0.33	  	 	4,971.7	  	 	19.1	  	1.50	  	
Interest-bearing trading liabilities	  	658.6	  	 	6.2	  	3.79	  	 	585.9	  	 	5.7	  	3.87	  	 	994.5	  	 	8.8	  	3.53	  	
Other short-term borrowings	  	4,967.4	  	 	5.1	  	0.42	  	 	4,163.5	  	 	8.0	  	0.77	  	 	2,521.0	  	 	11.2	  	1.77	  	
Long-term debt	  	24,437.7	  	 	229.3	  	3.81	  	 	24,037.8	  	 	284.0	  	4.70	  	 	22,419.4	  	 	273.8	  	4.86	  	
	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	
Total interest-bearing liabilities	  	126,947.5	  	 	667.2	  	2.13	  	 	128,485.2	  	 	808.5	  	2.50	  	 	128,684.8	  	 	871.1	  	2.69	  	
Noninterest-bearing deposits	  	22,827.2	  	 		  			 	20,954.6	  	 		  			 	20,879.9	  	 		  			
Other liabilities	  	4,354.2	  	 		  			 	5,124.7	  	 		  			 	4,845.6	  	 		  			
Noninterest-bearing trading liabilities	  	2,374.5	  	 		  			 	2,591.8	  	 		  			 	1,380.8	  	 		  			
Shareholders’ equity	  	22,367.9	  	 		  			 	19,891.0	  	 		  			 	18,097.4	  	 		  			
	  	 	 	 		  			 	 	 	 		  			 	 	 	 		  			
Total liabilities and shareholders’ equity	  	$178,871.3	  	 		  			 	$177,047.3	  	 		  			 	$173,888.5	  	 		  			

										
Interest Rate Spread	  			 		  	2.49	 % 	 			 		  	2.74	 % 	 			 		  	2.66 	% 	

Net Interest Income - FTE 1	  			 	$1,093.0	  			 			 	$1,208.7	  			 			 	$1,175.7	  			

Net Interest Margin 2	  			 		  	2.87 	% 	 			 		  	3.14	 % 	 			 		  	3.07 	% 	

1	The fully taxable-equivalent (“FTE”) basis adjusts for the tax-favored status of net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources.	
2	The net interest margin is calculated by dividing annualized net interest income - FTE by average total earning assets.	
 
Page 8

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

																							
 	  	Nine Months Ended	 	 	Increase/(Decrease) From	 	
 	  	September 30, 2009	 	 	September 30, 2008	 	 	Prior Year	 	
 	  	Average
    Balances    	 	 	 
Interest
Income/
    Expense    	  	Yields/
    Rates    	 	 	Average
    Balances    	 	 	Interest
Income/
    Expense    	  	Yields/
    Rates    	 	 	Average
    Balances    	 	 	Yields/
    Rates    	 	
ASSETS	  			 		  			 			 		  			 			 			
Loans:	  			 		  			 			 		  			 			 			
Real estate 1-4 family	  	$29,237.9	  	 	$1,312.2	  	5.98	  % 	 	$32,011.4	  	 	$1,522.3	  	6.34	  % 	 	($2,773.5	) 	 	(0.36	)  % 	
Real estate construction	  	6,408.1	  	 	157.6	  	3.29	  	 	11,471.1	  	 	469.2	  	5.46	  	 	(5,063.0	) 	 	(2.17	) 	
Real estate home equity lines	  	15,774.6	  	 	394.2	  	3.34	  	 	15,004.0	  	 	623.0	  	5.55	  	 	770.6	  	 	(2.21	) 	
Real estate commercial	  	15,646.4	  	 	483.0	  	4.13	  	 	13,711.0	  	 	587.5	  	5.72	  	 	1,935.4	  	 	(1.59	) 	
Commercial - FTE 1	  	37,722.0	  	 	1,365.2	  	4.84	  	 	37,349.0	  	 	1,549.1	  	5.54	  	 	373.0	  	 	(0.70	) 	
Credit card	  	980.0	  	 	54.1	  	7.36	  	 	816.9	  	 	17.7	  	2.88	  	 	163.1	  	 	4.48	  	
Consumer - direct	  	5,111.0	  	 	156.3	  	4.09	  	 	4,384.8	  	 	188.9	  	5.75	  	 	726.2	  	 	(1.66	) 	
Consumer - indirect	  	6,579.9	  	 	314.0	  	6.38	  	 	7,410.7	  	 	350.2	  	6.31	  	 	(830.8	) 	 	0.07	  	
Nonaccrual and restructured	  	5,604.2	  	 	24.6	  	0.59	  	 	2,543.5	  	 	20.3	  	1.07	  	 	3,060.7	  	 	(0.48	) 	
	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	
Total loans	  	123,064.1	  	 	4,261.2	  	4.63	  	 	124,702.4	  	 	5,328.2	  	5.71	  	 	(1,638.3	) 	 	(1.08	) 	
Securities available for sale:	  			 		  			 			 		  			 			 			
Taxable	  	17,484.7	  	 	582.4	  	4.44	  	 	11,933.6	  	 	547.2	  	6.11	  	 	5,551.1	  	 	(1.67	) 	
Tax-exempt - FTE 1	  	1,019.8	  	 	41.9	  	5.47	  	 	1,048.6	  	 	47.9	  	6.09	  	 	(28.8	) 	 	(0.62	) 	
	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	
Total securities available for sale - FTE 1	  	18,504.5	  	 	624.3	  	4.50	  	 	12,982.2	  	 	595.1	  	6.11	  	 	5,522.3	  	 	(1.61	) 	
Funds sold and securities purchased under agreement to resell	  	827.2	  	 	1.9	  	0.30	  	 	1,436.7	  	 	23.2	  	2.12	  	 	(609.5	) 	 	(1.82	) 	
Loans held for sale	  	5,664.7	  	 	191.5	  	4.51	  	 	5,487.4	  	 	236.4	  	5.74	  	 	177.3	  	 	(1.23	) 	
Interest-bearing deposits	  	25.6	  	 	0.2	  	1.09	  	 	23.8	  	 	0.7	  	3.63	  	 	1.8	  	 	(2.54	) 	
Interest earning trading assets	  	4,278.4	  	 	94.0	  	2.94	  	 	7,968.6	  	 	244.1	  	4.09	  	 	(3,690.2	) 	 	(1.15	) 	
	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	
Total earning assets	  	152,364.5	  	 	5,173.1	  	4.54	  	 	152,601.1	  	 	6,427.7	  	5.63	  	 	(236.6	) 	 	(1.09	) 	
Allowance for loan and lease losses	  	(2,627.7	) 	 		  			 	(1,753.6	) 	 		  			 	(874.1	) 	 			
Cash and due from banks	  	3,895.5	  	 		  			 	3,051.1	  	 		  			 	844.4	  	 			
Other assets	  	17,256.3	  	 		  			 	17,127.7	  	 		  			 	128.6	  	 			
Noninterest earning trading assets	  	3,540.3	  	 		  			 	2,329.3	  	 		  			 	1,211.0	  	 			
Unrealized gains on securities available for sale, net	  	1,486.0	  	 		  			 	2,090.1	  	 		  			 	(604.1	) 	 			
	  	 	 	 		  			 	 	 	 		  			 	 	 	 			
Total assets	  	    $175,914.9	  	 		  			 	    $175,445.7	  	 		  			 	    $469.2	  	 			

LIABILITIES AND SHAREHOLDERS’ EQUITY	  			 		  			 			 		  			 			 			
Interest-bearing deposits:	  			 		  			 			 		  			 			 			
NOW accounts	  	$22,666.0	  	 	$76.2	  	0.45	  % 	 	$21,411.7	  	 	$220.3	  	1.37	  % 	 	$1,254.3	  	 	(0.92	) % 	
Money market accounts	  	31,036.2	  	 	252.2	  	1.09	  	 	26,093.5	  	 	394.0	  	2.02	  	 	4,942.7	  	 	(0.93	) 	
Savings	  	3,613.8	  	 	7.6	  	0.28	  	 	3,875.3	  	 	13.4	  	0.46	  	 	(261.5	) 	 	(0.18	) 	
Consumer time	  	17,112.0	  	 	387.6	  	3.03	  	 	16,678.4	  	 	497.2	  	3.98	  	 	433.6	  	 	(0.95	) 	
Other time	  	13,461.9	  	 	307.7	  	3.06	  	 	12,022.7	  	 	366.6	  	4.07	  	 	1,439.2	  	 	(1.01	) 	
	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	
Total interest-bearing consumer and commercial deposits	  	87,889.9	  	 	1,031.3	  	1.57	  	 	80,081.6	  	 	1,491.5	  	2.49	  	 	7,808.3	  	 	(0.92	) 	
Brokered deposits	  	6,000.3	  	 	126.1	  	2.77	  	 	11,013.9	  	 	307.2	  	3.66	  	 	(5,013.6	) 	 	(0.89	) 	
Foreign deposits	  	397.7	  	 	0.4	  	0.13	  	 	4,432.9	  	 	74.8	  	2.22	  	 	(4,035.2	) 	 	(2.09	) 	
	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	
Total interest-bearing deposits	  	94,287.9	  	 	1,157.8	  	1.64	  	 	95,528.4	  	 	1,873.5	  	2.62	  	 	(1,240.5	) 	 	(0.98	) 	
Funds purchased	  	1,751.4	  	 	2.7	  	0.20	  	 	2,778.4	  	 	47.6	  	2.25	  	 	(1,027.0	) 	 	(2.05	) 	
Securities sold under agreements to repurchase	  	2,658.1	  	 	3.9	  	0.20	  	 	5,414.9	  	 	76.0	  	1.84	  	 	(2,756.8	) 	 	(1.64	) 	
Interest-bearing trading liabilities	  	507.7	  	 	15.7	  	4.14	  	 	852.8	  	 	21.5	  	3.36	  	 	(345.1	) 	 	0.78	  	
Other short-term borrowings	  	3,037.8	  	 	11.7	  	0.52	  	 	2,685.8	  	 	47.1	  	2.34	  	 	352.0	  	 	(1.82	) 	
Long-term debt	  	20,936.5	  	 	599.1	  	3.83	  	 	22,508.5	  	 	833.5	  	4.95	  	 	(1,572.0	) 	 	(1.12	) 	
	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	
Total interest-bearing liabilities	  	123,179.4	  	 	1,790.9	  	1.94	  	 	129,768.8	  	 	2,899.2	  	2.98	  	 	(6,589.4	) 	 	(1.04	) 	
Noninterest-bearing deposits	  	23,978.7	  	 		  			 	20,947.1	  	 		  			 	3,031.6	  	 			
Other liabilities	  	4,410.2	  	 		  			 	5,040.1	  	 		  			 	(629.9	) 	 			
Noninterest-bearing trading liabilities	  	2,092.4	  	 		  			 	1,528.2	  	 		  			 	564.2	  	 			
Shareholders’ equity	  	22,254.2	  	 		  			 	18,161.5	  	 		  			 	4,092.7	  	 			
	  	 	 	 		  			 	 	 	 		  			 	 	 	 			
Total liabilities and shareholders’ equity	  	$175,914.9	  	 		  			 	$175,445.7	  	 		  			 	$469.2	  	 			

	  			 		  	 	 	 			 		  	 	 	 			 	 	 	
Interest Rate Spread	  			 		  	2.60	  % 	 			 		  	2.65	 % 	 			 	(0.05	)  % 	

	  			 	 	  			 			 	 	  			 			 			
Net Interest Income - FTE 1	  			 	$3,382.2	  			 			 	$3,528.5	  			 			 			

Net Interest Margin 2	  			 		  	2.97	  % 	 			 		  	3.09	  % 	 			 	(0.12	)  % 	

 

1	The fully taxable-equivalent (“FTE”) basis adjusts for the tax-favored status of net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources.	
2	The net interest margin is calculated by dividing annualized net interest income - FTE by average total earning assets	
 
Page 9

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

																									
 	  	Three Months Ended	 	 	Nine Months Ended	 	
 	  	September 30	 	 	Increase/(Decrease)	 	 	September 30	 	 	Increase/(Decrease)	 	
 	  	    2009    	 	 	    2008    	 	 	    Amount    	 	 	    % 1     	 	 	    2009    	 	 	    2008    	 	 	    Amount    	 	 	    % 1     	 	
CREDIT DATA	  			 			 			 			 			 			 			 			
Allowance for loan and lease losses - beginning	  	$2,896,000	  	 	$1,829,400	  	 	$1,066,600	  	 	58.3	  % 	 	$2,350,996	  	 	$1,282,504	  	 	$1,068,492	  	 	83.3	  % 	
Provision for loan losses	  	1,133,929	  	 	503,672	  	 	630,257	  	 	NM	  	 	3,090,208	  	 	1,511,721	  	 	1,578,487	  	 	NM	  	
Allowance from GB&T acquisition	  	-  	  	 	-  	  	 	-  	  	 	NM	  	 	-  	  	 	158,705	  	 	(158,705	) 	 	(100.0	) 	
Charge-offs	  			 			 			 			 			 			 			 			
Commercial	  	(205,164	) 	 	(54,103	) 	 	151,061	  	 	NM	  	 	(502,129	) 	 	(129,052	) 	 	373,077	  	 	NM	  	
Real estate:	  			 			 			 			 			 			 			 			
Home equity lines	  	(189,230	) 	 	(119,162	) 	 	70,068	  	 	58.8	  	 	(547,189	) 	 	(312,621	) 	 	234,568	  	 	75.0	  	
Construction	  	(158,386	) 	 	(51,719	) 	 	106,667	  	 	NM	  	 	(326,597	) 	 	(110,300	) 	 	216,297	  	 	NM	  	
Residential mortgages 2	  	(389,640	) 	 	(133,510	) 	 	256,130	  	 	NM	  	 	(899,905	) 	 	(368,751	) 	 	531,154	  	 	NM	  	
Commercial real estate	  	(24,298	) 	 	(400	) 	 	23,898	  	 	NM	  	 	(28,943	) 	 	(1,196	) 	 	27,747	  	 	NM	  	
Consumer:	  			 			 			 			 			 			 			 			
Direct	  	(19,955	) 	 	(10,406	) 	 	9,549	  	 	91.8	  	 	(42,388	) 	 	(28,573	) 	 	13,815	  	 	48.3	  	
Indirect	  	(35,131	) 	 	(41,249	) 	 	(6,118	) 	 	(14.8	) 	 	(117,365	) 	 	(127,239	) 	 	(9,874	) 	 	(7.8	) 	
Credit cards	  	(24,090	) 	 	(9,175	) 	 	14,915	  	 	NM	  	 	(63,852	) 	 	(20,253	) 	 	43,599	  	 	NM	  	
	  	 	 	 	 	 	 			 			 	 	 	 	 	 	 			 			
Total charge-offs	  	(1,045,894	) 	 	(419,724	) 	 	626,170	  	 	NM	  	 	(2,528,368	) 	 	(1,097,985	) 	 	1,430,383	  	 	NM	  	

Recoveries	  			 			 			 			 			 			 			 			
Commercial	  	9,589	  	 	5,147	  	 	4,442	  	 	86.3	  	 	25,222	  	 	17,415	  	 	7,807	  	 	44.8	  	
Real estate:	  			 			 			 			 			 			 			 			
Home equity lines	  	8,639	  	 	3,903	  	 	4,736	  	 	NM	  	 	17,465	  	 	11,921	  	 	5,544	  	 	46.5	  	
Construction	  	1,761	  	 	1,786	  	 	(25	) 	 	(1.4	) 	 	6,227	  	 	2,046	  	 	4,181	  	 	NM	  	
Residential mortgages	  	3,955	  	 	2,083	  	 	1,872	  	 	89.9	  	 	11,959	  	 	4,950	  	 	7,009	  	 	NM	  	
Commercial real estate	  	3,462	  	 	257	  	 	3,205	  	 	NM	  	 	3,438	  	 	454	  	 	2,984	  	 	NM	  	
Consumer:	  			 			 			 			 			 			 			 			
Direct	  	2,003	  	 	1,700	  	 	303	  	 	17.8	  	 	5,870	  	 	6,200	  	 	(330	) 	 	(5.3	) 	
Indirect	  	9,890	  	 	12,491	  	 	(2,601	) 	 	(20.8	) 	 	39,216	  	 	42,061	  	 	(2,845	) 	 	(6.8	) 	
Credit cards	  	666	  	 	285	  	 	381	  	 	NM	  	 	1,767	  	 	1,008	  	 	759	  	 	75.3	  	
	  	 	 	 	 	 	 			 			 	 	 	 	 	 	 			 			
Total recoveries	  	39,965	  	 	27,652	  	 	12,313	  	 	44.5	  	 	111,164	  	 	86,055	  	 	25,109	  	 	29.2	  	
	  	 	 	 	 	 	 			 			 	 	 	 	 	 	 			 			
Net charge-offs	  	(1,005,929	) 	 	(392,072	) 	 	613,857	  	 	NM	  	 	(2,417,204	) 	 	(1,011,930	) 	 	1,405,274	  	 	NM	  	
	  	 	 	 	 	 	 			 			 	 	 	 	 	 	 			 			
Allowance for loan and lease losses - ending	  	    $3,024,000	  	 	    $1,941,000	  	 	$1,083,000	  	 	55.8	  	 	    $3,024,000	  	 	    $1,941,000	  	 	$1,083,000	  	 	55.8	  	

Net charge-offs to average loans (annualized)	  			 			 			 			 			 			 			 			
Commercial	  	2.15	  % 	 	0.57	  % 	 	1.58	  % 	 	NM	  % 	 	1.67	  % 	 	0.40	  % 	 	1.27	  % 	 	NM	  % 	
Real estate:	  			 			 			 			 			 			 			 			
Home equity lines	  	4.51	  	 	2.97	  	 	1.54	  	 	51.8	  	 	4.42	  	 	2.68	  	 	1.74	  	 	64.9	  	
Construction	  	8.83	  	 	1.73	  	 	7.10	  	 	NM	  	 	5.46	  	 	1.18	  	 	4.28	  	 	NM	  	
Residential mortgages	  	4.92	  	 	1.57	  	 	3.35	  	 	NM	  	 	3.75	  	 	1.46	  	 	2.29	  	 	NM	  	
Commercial real estate	  	0.51	  	 	-  	  	 	0.51	  	 	NM	  	 	0.21	  	 	0.01	  	 	0.20	  	 	NM	  	
Consumer:	  			 			 			 			 			 			 			 			
Direct	  	1.41	  	 	0.74	  	 	0.67	  	 	90.5	  	 	0.96	  	 	0.68	  	 	0.28	  	 	41.2	  	
Indirect	  	1.50	  	 	1.56	  	 	(0.06	) 	 	(3.8	) 	 	1.58	  	 	1.52	  	 	0.06	  	 	3.9	  	
Credit cards	  	9.39	  	 	4.11	  	 	5.28	  	 	NM	  	 	8.47	  	 	3.15	  	 	5.32	  	 	NM	  	
Total net charge-offs to total average loans	  	3.33	  	 	1.24	  	 	2.09	  	 	NM	  	 	2.63	  	 	1.08	  	 	1.55	  	 	NM	  	
									
Period Ended	  			 			 			 			 			 			 			 			
Nonaccrual/nonperforming loans	  			 			 			 			 			 			 			 			
Commercial	  	$595,454	  	 	$257,343	  	 	$338,111	  	 	NM	  % 	 			 			 			 			
Real estate:	  			 			 			 			 			 			 			 			
Home equity lines	  	280,072	  	 	232,904	  	 	47,168	  	 	20.3	  	 			 			 			 			
Construction	  	1,582,148	  	 	1,040,678	  	 	541,470	  	 	52.0	  	 			 			 			 			
Residential mortgages	  	2,645,512	  	 	1,548,955	  	 	1,096,557	  	 	70.8	  	 			 			 			 			
Commercial real estate	  	302,515	  	 	164,906	  	 	137,609	  	 	83.4	  	 			 			 			 			
Consumer loans	  	38,610	  	 	44,732	  	 	(6,122	) 	 	(13.7	) 	 			 			 			 			
	  	 	 	 	 	 	 			 			 			 			 			 			
Total nonaccrual/
nonperforming loans	  	5,444,311	  	 	3,289,518	  	 	2,154,793	  	 	65.5	  	 			 			 			 			
Other real estate owned (OREO)	  	571,553	  	 	387,037	  	 	184,516	  	 	47.7	  	 			 			 			 			
Other repossessed assets	  	78,911	  	 	13,714	  	 	65,197	  	 	NM	  	 			 			 			 			
	  	 	 	 	 	 	 			 			 			 			 			 			
Total nonperforming assets	  	$6,094,775	  	 	$3,690,269	  	 	$2,404,506	  	 	65.2	  	 			 			 			 			

Restructured loans (accruing)	  	$1,343,643	  	 	$381,040	  	 	$962,603	  	 	NM	  	 			 			 			 			
	  	 	 	 	 	 	 			 			 			 			 			 			
Total accruing loans past due 90 days or more 3	  	$1,508,744	  	 	$772,132	  	 	$736,612	  	 	95.4	  % 	 			 			 			 			

Total nonperforming loans to total loans	  	4.67	  % 	 	2.60	  % 	 	2.07	  % 	 	79.6	  % 	 			 			 			 			
Total nonperforming assets to total loans plus OREO and other repossessed assets	  	5.20	  	 	2.90	  	 	2.30	  	 	79.3	  	 			 			 			 			
									
Allowance to period-end loans	  	2.61	  	 	1.54	  	 	1.07	  	 	69.5	  	 			 			 			 			
Allowance to nonperforming loans	  	56.67	  	 	62.09	  	 	(5.42	) 	 	(8.7	) 	 			 			 			 			
Allowance to annualized net charge-offs	  	0.76	  x 	 	1.24	  x 	 	(0.48	) x 	 	(38.7	) 	 			 			 			 			

1	“NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.	
2	Prior to 2009, borrower misrepresentation fraud and denied insurance claim losses were recorded as operating losses in the Consolidated Statements of Income. These credit-related operating losses totaled $67.9 million and $117.8 million during the three and nine month periods ended September 30, 2008, respectively. During 2009, credit-related operating losses charged-off against previously established reserves within other liabilities totaled $0 and $194.9 million during the three and nine month periods ended September 30, 2009, respectively.	
3	Total accruing loans past due 90 days or more contain loans that are guaranteed by governmental entities. These loans were $1,208.9 million, and $603.6 million at September 30, 2009 and September 30, 2008, respectively.	
 
Page 10

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

																						
 	 	Three Months Ended	 	
 	 	    September 30    	 	 	    June 30    	 	 	    Increase/(Decrease)    	 	 	    March 31    	 	 	    December 31    	 	 	    September 30    	 	
 	 	2009	 	 	2009	 	 	Amount	 	 	% 1	 	 	2009	 	 	2008	 	 	2008	 	
CREDIT DATA	 			 			 			 			 			 			 			
Allowance for loan and lease losses - beginning	 	$2,896,000	  	 	$2,735,000	  	 	$161,000	  	 	5.9	  % 	 	$2,350,996	  	 	$1,941,000	  	 	$1,829,400	  	
Provision for loan losses	 	1,133,929	  	 	962,181	  	 	171,748	  	 	17.8	  	 	994,098	  	 	962,494	  	 	503,672	  	
Charge-offs	 			 			 			 			 			 			 			
Commercial	 	(205,164	) 	 	(156,013	) 	 	49,151	  	 	31.5	  	 	(140,952	) 	 	(89,675	) 	 	(54,103	) 	
Real estate:	 			 			 			 			 			 			 			
Home equity lines	 	(189,230	) 	 	(197,099	) 	 	(7,869	) 	 	(4.0	) 	 	(160,860	) 	 	(136,949	) 	 	(119,162	) 	
Construction	 	(158,386	) 	 	(85,830	) 	 	72,556	  	 	84.5	  	 	(82,381	) 	 	(84,194	) 	 	(51,719	) 	
Residential mortgages 2	 	(389,640	) 	 	(325,144	) 	 	64,496	  	 	19.8	  	 	(185,121	) 	 	(156,397	) 	 	(133,510	) 	
Commercial real estate	 	(24,298	) 	 	(2,560	) 	 	21,738	  	 	NM	  	 	(2,085	) 	 	(23,548	) 	 	(400	) 	
Consumer:	 			 			 			 			 			 			 			
Direct	 	(19,955	) 	 	(13,378	) 	 	6,577	  	 	49.2	  	 	(9,055	) 	 	(13,295	) 	 	(10,406	) 	
Indirect	 	(35,131	) 	 	(32,900	) 	 	2,231	  	 	6.8	  	 	(49,334	) 	 	(65,666	) 	 	(41,249	) 	
Credit cards	 	(24,090	) 	 	(22,634	) 	 	1,456	  	 	6.4	  	 	(17,128	) 	 	(12,843	) 	 	(9,175	) 	
	 	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	
Total charge-offs	 	(1,045,894	) 	 	(835,558	) 	 	210,336	  	 	25.2	  	 	(646,916	) 	 	(582,567	) 	 	(419,724	) 	

Recoveries	 			 			 			 			 			 			 			
Commercial	 	9,589	  	 	6,451	  	 	3,138	  	 	48.6	  	 	9,182	  	 	6,724	  	 	5,147	  	
Real estate:	 			 			 			 			 			 			 			
Home equity lines	 	8,639	  	 	5,014	  	 	3,625	  	 	72.3	  	 	3,812	  	 	4,480	  	 	3,903	  	
Construction	 	1,761	  	 	3,283	  	 	(1,522	) 	 	(46.4	) 	 	1,183	  	 	802	  	 	1,786	  	
Residential mortgages	 	3,955	  	 	4,705	  	 	(750	) 	 	(15.9	) 	 	3,299	  	 	2,816	  	 	2,083	  	
Commercial real estate	 	3,462	  	 	(165	) 	 	3,627	  	 	NM	  	 	141	  	 	700	  	 	257	  	
Consumer:	 			 			 			 			 			 			 			
Direct	 	2,003	  	 	1,737	  	 	266	  	 	15.3	  	 	2,130	  	 	1,964	  	 	1,700	  	
Indirect	 	9,890	  	 	12,736	  	 	(2,846	) 	 	(22.3	) 	 	16,590	  	 	12,102	  	 	12,491	  	
Credit cards	 	666	  	 	616	  	 	50	  	 	8.1	  	 	485	  	 	481	  	 	285	  	
	 	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	
Total recoveries	 	39,965	  	 	34,377	  	 	5,588	  	 	16.3	  	 	36,822	  	 	30,069	  	 	27,652	  	
	 	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	
Net charge-offs	 	(1,005,929	) 	 	(801,181	) 	 	204,748	  	 	25.6	  	 	(610,094	) 	 	(552,498	) 	 	(392,072	) 	
	 	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	
Allowance for loan and lease losses - ending	 	$3,024,000	  	 	$2,896,000	  	 	$128,000	  	 	4.4	  	 	$2,735,000	  	 	$2,350,996	  	 	$1,941,000	  	

Net charge-offs to average loans (annualized)	 			 			 			 			 			 			 			
Commercial	 	2.15	  % 	 	1.53	  % 	 	0.62	  % 	 	40.5	  % 	 	1.35	  % 	 	0.81	  % 	 	0.57	  % 	
Real estate:	 			 			 			 			 			 			 			
Home equity lines	 	4.51	  	 	4.79	  	 	(0.28	) 	 	(5.8	) 	 	4.00	  	 	3.33	  	 	2.97	  	
Construction	 	8.83	  	 	4.20	  	 	4.63	  	 	NM	  	 	3.76	  	 	3.29	  	 	1.73	  	
Residential mortgages	 	4.92	  	 	4.06	  	 	0.86	  	 	21.2	  	 	2.28	  	 	1.86	  	 	1.57	  	
Commercial real estate	 	0.51	  	 	0.07	  	 	0.44	  	 	NM	  	 	0.05	  	 	0.61	  	 	-    	  	
Consumer:	 			 			 			 			 			 			 			
Direct	 	1.41	  	 	0.91	  	 	0.50	  	 	54.9	  	 	0.54	  	 	0.90	  	 	0.74	  	
Indirect	 	1.50	  	 	1.24	  	 	0.26	  	 	21.0	  	 	2.00	  	 	3.12	  	 	1.56	  	
Credit cards	 	9.39	  	 	9.03	  	 	0.36	  	 	4.0	  	 	6.94	  	 	4.92	  	 	4.11	  	
Total net charge-offs to total average loans	 	3.33	  	 	2.59	  	 	0.74	  	 	28.6	  	 	1.97	  	 	1.72	  	 	1.24	  	
								
Period Ended	 			 			 			 			 			 			 			
Nonaccrual/nonperforming loans	 			 			 			 			 			 			 			
Commercial	 	$595,454	  	 	$716,427	  	 	($120,973	) 	 	(16.9	)  % 	 	$400,076	  	 	$321,980	  	 	$257,343	  	
Real estate:	 			 			 			 			 			 			 			
Home equity lines	 	280,072	  	 	311,247	  	 	(31,175	) 	 	(10.0	) 	 	323,226	  	 	272,577	  	 	232,904	  	
Construction	 	1,582,148	  	 	1,613,186	  	 	(31,038	) 	 	(1.9	) 	 	1,468,108	  	 	1,276,847	  	 	1,040,678	  	
Residential mortgages	 	2,645,512	  	 	2,529,163	  	 	116,349	  	 	4.6	  	 	2,177,946	  	 	1,846,999	  	 	1,548,955	  	
Commercial real estate	 	302,515	  	 	284,514	  	 	18,001	  	 	6.3	  	 	221,790	  	 	176,578	  	 	164,906	  	
Consumer loans	 	38,610	  	 	49,422	  	 	(10,812	) 	 	(21.9	) 	 	49,842	  	 	45,045	  	 	44,732	  	
	 	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	
Total nonaccrual/
nonperforming loans	 	5,444,311	  	 	5,503,959	  	 	(59,648	) 	 	(1.1	) 	 	4,640,988	  	 	3,940,026	  	 	3,289,518	  	
Other real estate owned (OREO)	 	571,553	  	 	588,922	  	 	(17,369	) 	 	(2.9	) 	 	593,579	  	 	500,481	  	 	387,037	  	
Other repossessed assets	 	78,911	  	 	72,149	  	 	6,762	  	 	9.4	  	 	11,807	  	 	15,866	  	 	13,714	  	
	 	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	
Total nonperforming assets	 	$6,094,775	  	 	$6,165,030	  	 	($70,255	) 	 	(1.1	) 	 	$5,246,374	  	 	$4,456,373	  	 	$3,690,269	  	

Restructured loans (accruing)	 	$1,343,643	  	 	$925,045	  	 	$418,598	  	 	45.3	  % 	 	$651,068	  	 	$462,648	  	 	$381,040	  	

Total accruing loans past due 90 days or more 3	 	$1,508,744	  	 	$1,410,647	  	 	$98,097	  	 	7.0	  % 	 	$1,341,567	  	 	$1,032,260	  	 	$772,132	  	

Total nonperforming loans to total loans	 	4.67	  % 	 	4.48	  % 	 	0.19	  % 	 	4.2	  % 	 	3.75	  % 	 	3.10	  % 	 	2.60	  % 	
Total nonperforming assets to total loans plus OREO and other repossessed assets	 	5.20	  	 	4.99	  	 	0.21	  	 	4.2	  	 	4.21	  	 	3.49	  	 	2.90	  	
Allowance to period-end loans	 	2.61	  	 	2.37	  	 	0.24	  	 	10.1	  	 	2.21	  	 	1.86	  	 	1.54	  	
Allowance to nonperforming loans	 	56.67	  	 	53.81	  	 	2.86	  	 	5.3	  	 	60.38	  	 	61.67	  	 	62.09	  	
Allowance to annualized net
charge-offs	 	0.76	  x 	 	0.90	  x 	 	(0.14	)  x 	 	(15.6	) 	 	1.11	  x 	 	1.07	  x 	 	1.24	  x 	

1	“NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.	
2	Prior to 2009, borrower misrepresentation fraud and denied insurance claim losses were recorded as operating losses in the Consolidated Statements of Income. These credit-related operating losses totaled $42.5 million and $67.9 million during the quarters ended December 31, 2008 and September 30, 2008, respectively. During 2009, credit-related operating losses charged-off against previously established reserves within other liabilities totaled $42.8 million and $152.1 million during the three month periods ended June 30, 2009 and March 31, 2009, respectively.	
3	Total accruing loans past due 90 days or more contain loans that are guaranteed by governmental entities. These loans were $1,208.9 million, $1,101.3 million, $955.9 million, $823.0 million, and $603.6 million at September 30, 2009, June 30, 2009, March 31, 2009, December 31, 2008, and September 30, 2008, respectively.	
 
Page 11

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

																															
 	 	Three Months Ended	 	 	Nine Months Ended	 	
 	 	September 30	 	 	September 30	 	
 	 	    Core Deposit    
Intangible	 	 	    Mortgage    
Servicing Rights-
Amortized Cost	 	 	    Mortgage    
Servicing Rights-
Fair Value	 	 	    Other    	 	 	    Total    	 	 	    Core Deposit    
Intangible	 	 	    Mortgage    
Servicing Rights-
Amortized Cost	 	 	    Mortgage    
Servicing Rights-
Fair Value	 	 	    Other    	 	 	    Total    	 	
OTHER INTANGIBLE ASSET ROLLFORWARD	 			 			 			 			 			 			 			 			 			 			
Balance, beginning of period	 	$172,985	  	 	$1,193,450	  	 	$-  	  	 	$75,621	  	 	$1,442,056	  	 	$172,655	  	 	$1,049,425	  	 	$-	  	 	$140,915	  	 	$1,362,995	  	
Amortization	 	(14,581	) 	 	(51,469	) 	 	-	  	 	(3,971	) 	 	(70,021	) 	 	(43,761	) 	 	(164,546	) 	 	-	  	 	(15,240	) 	 	(223,547	) 	
Mortgage Servicing Rights (“MSRs”) originated	 	-	  	 	98,312	  	 	-	  	 	-	  	 	98,312	  	 	-	  	 	396,590	  	 	-	  	 	-	  	 	396,590	  	
MSRs impairment reserve	 	-	  	 	-	  	 	-	  	 	-	  	 	-	  	 	-	  	 	(1,881	) 	 	-	  	 	-	  	 	(1,881	) 	
MSRs impairment recovery	 	-	  	 	-	  	 	-	  	 	-	  	 	-	  	 	-	  	 	1,881	  	 	-	  	 	-	  	 	1,881	  	
Sale of interest in Lighthouse Partners	 	-	  	 	-	  	 	-	  	 	-	  	 	-	  	 	-	  	 	-	  	 	-	  	 	(5,992	) 	 	(5,992	) 	
Sale/securitization of MSRs	 	-	  	 	(90,280	) 	 	-	  	 	-	  	 	(90,280	) 	 	-	  	 	(131,456	) 	 	-	  	 	-	  	 	(131,456	) 	
Customer intangible impairment charge	 	-	  	 	-	  	 	-	  	 	-	  	 	-	  	 	-	  	 	-	  	 	-	  	 	(45,000	) 	 	(45,000	) 	
Purchased credit card relationships	 	-	  	 	-	  	 	-	  	 	9,898	  	 	9,898	  	 	-	  	 	-	  	 	-	  	 	9,898	  	 	9,898	  	
Acquisition of GB&T	 	-	  	 	-	  	 	-	  	 	-	  	 	-	  	 	29,510	  	 	-	  	 	-	  	 	-	  	 	29,510	  	
Sale of First Mercantile	 	-	  	 	-	  	 	-	  	 	-	  	 	-	  	 	-	  	 	-	  	 	-	  	 	(3,033	) 	 	(3,033	) 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Balance September 30, 2008	 	$158,404	  	 	$1,150,013	  	 	$-  	  	 	$81,548	  	 	$1,389,965	  	 	$158,404	  	 	$1,150,013	  	 	$-	  	 	$81,548	  	 	$1,389,965	  	

Balance, beginning of period	 	$123,145	  	 	$680,383	  	 	$641,939	  	 	$72,016	  	 	$1,517,483	  	 	$145,311	  	 	$810,474	  	 	$-	  	 	$79,642	  	 	$1,035,427	  	
Designated at fair value (transfers from amortized cost)	 	-	  	 	-	  	 	-	  	 	-	  	 	-	  	 	-	  	 	(187,804	) 	 	187,804	  	 	-	  	 	-	  	
Amortization	 	(10,195	) 	 	(41,401	) 	 	-	  	 	(3,546	) 	 	(55,142	) 	 	(32,361	) 	 	(171,895	) 	 	-	  	 	(11,323	) 	 	(215,579	) 	
MSRs originated	 	-	  	 	-	  	 	205,791	  	 	-	  	 	205,791	  	 	-	  	 	-	  	 	585,516	  	 	-	  	 	585,516	  	
MSRs impairment recovery	 	-	  	 	492	  	 	-	  	 	-	  	 	492	  	 	-	  	 	188,699	  	 	-	  	 	-	  	 	188,699	  	
Fair value changes due to inputs and assumptions	 	-	  	 	-	  	 	(45,103	) 	 	-	  	 	(45,103	) 	 	-	  	 	-	  	 	70,148	  	 	-	  	 	70,148	  	
Other changes in fair value	 	-	  	 	-	  	 	(19,385	) 	 	-	  	 	(19,385	) 	 	-	  	 	-	  	 	(60,226	) 	 	-	  	 	(60,226	) 	
Other	 	-	  	 	-	  	 	-	  	 	-	  	 	-	  	 	-	  	 	-	  	 	-	  	 	151	  	 	151	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Balance, September 30, 2009	 	$112,950	  	 	$639,474	  	 	$783,242	  	 	$68,470	  	 	$1,604,136	  	 	$112,950	  	 	$639,474	  	 	$783,242	  	 	$68,470	  	 	$1,604,136	  	

 	 	Three Months Ended	 	 	 	 	
 	 	    September 30    
2009	 	 	    June 30    
2009	 	 	    March 31    
2009	 	 	    December 31    
2008	 	 	    September 30    
2008	 	 			
	 			 			 			 			 			 			
COMMON SHARE ROLLFORWARD	 			 			 			 			 			 			
Beginning balance	 	498,786	  	 	356,693	  	 	354,515	  	 	353,963	  	 	353,542	  	 			
Common shares issued/exchanged for employee benefit plans, stock option, performance and restricted stock activity	 	361	  	 	226	  	 	2,178	  	 	552	  	 	421	  	 			
Issuance of common stock - Capital Plan	 	-	  	 	141,867	  	 	-	  	 	-	  	 	-	  	 			
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 			
Ending balance	 	499,147	  	 	498,786	  	 	356,693	  	 	354,515	  	 	353,963	  	 			

COMMON STOCK REPURCHASE ACTIVITY	 			 			 			 			 			 			
Number of common shares repurchased 1	 	-	  	 	-	  	 	-	  	 	-	  	 	-	  	 			
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	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 thousands, except per share data) (Unaudited)

																						
 	 	Three Months Ended	 	 	Nine Months Ended	 	
 	 	September 30
2009	 	 	June 30
2009	 	 	March 31
2009	 	 	December 31
2008	 	 	September 30
2008	 	 	September 30
2009	 	 	September 30
2008	 	
NON-GAAP MEASURES PRESENTED IN THE EARNINGS RELEASE	 			 			 			 			 			 			 			
Net income/(loss)	 	($316,941	) 	 	($183,460	) 	 	($815,167	) 	 	($347,587	) 	 	$312,444	  	 	($1,315,568	) 	 	$1,143,361	  	
Securities (gains)/losses, net of tax	 	(28,949	) 	 	15,437	  	 	(2,094	) 	 	(254,853	) 	 	(107,289	) 	 	(15,605	) 	 	(410,593	) 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net income/(loss) excluding net securities (gains)/losses, net of tax	 	(345,890	) 	 	(168,023	) 	 	(817,261	) 	 	(602,440	) 	 	205,155	  	 	(1,331,173	) 	 	732,768	  	
The Coca-Cola Company stock dividend, net of tax	 	(10,947	) 	 	(10,947	) 	 	(10,947	) 	 	(10,146	) 	 	(10,146	) 	 	(32,841	) 	 	(39,623	) 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net income/(loss) excluding net securities (gains)/losses and The Coca-Cola Company stock dividend, net of tax	 	(356,837	) 	 	(178,970	) 	 	(828,208	) 	 	(612,586	) 	 	195,009	  	 	(1,364,014	) 	 	693,145	  	
Preferred dividends, Series A	 	(1,763	) 	 	(5,635	) 	 	(5,000	) 	 	(5,055	) 	 	(5,111	) 	 	(12,398	) 	 	(17,200	) 	
U.S. Treasury preferred dividends	 	(66,439	) 	 	(66,546	) 	 	(66,279	) 	 	(26,579	) 	 	-  	  	 	(199,264	) 	 	-  	  	
Dividends and undistributed earnings allocated to unvested shares	 	3,106	  	 	1,788	  	 	11,065	  	 	4,283	  	 	(2,936	) 	 	15,959	  	 	(10,241	) 	
Gain on purchase of Series A preferred stock	 	4,893	  	 	89,425	  	 	-  	  	 	-  	  	 	-  	  	 	94,318	  	 	-  	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net income/(loss) available to common shareholders excluding net securities (gains)/losses and The Coca-Cola Company stock dividend	 	($417,040	) 	 	($159,938	) 	 	($888,422	) 	 	($639,937	) 	 	$186,962	  	 	($1,465,399	) 	 	$665,704	  	

Total average assets	 	$172,463,221	  	 	$176,480,470	  	 	$178,871,285	  	 	$177,047,258	  	 	$173,888,490	  	 	$175,914,853	  	 	$175,445,683	  	
Average net unrealized securities gains	 	(1,607,293	) 	 	(1,506,504	) 	 	(1,341,146	) 	 	(1,371,624	) 	 	(1,526,431	) 	 	(1,485,956	) 	 	(2,090,050	) 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Average assets less net unrealized securities gains	 	$170,855,928	  	 	$174,973,966	  	 	$177,530,139	  	 	$175,675,634	  	 	$172,362,059	  	 	$174,428,897	  	 	$173,355,633	  	

Total average common shareholders’ equity	 	$17,556,380	  	 	$16,699,659	  	 	$17,144,179	  	 	$17,600,105	  	 	$17,597,380	  	 	$17,134,916	  	 	$17,661,553	  	
Average accumulated other comprehensive income	 	(504,018	) 	 	(745,189	) 	 	(824,314	) 	 	(996,955	) 	 	(871,413	) 	 	(690,000	) 	 	(1,296,159	) 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total average realized common shareholders’ equity	 	$17,052,362	  	 	$15,954,470	  	 	$16,319,865	  	 	$16,603,150	  	 	$16,725,967	  	 	$16,444,916	  	 	$16,365,394	  	

Return on average total assets	 	(0.73	)  % 	 	(0.42	)  % 	 	(1.85	)  % 	 	(0.78	)  % 	 	0.71	  % 	 	(1.00	)  % 	 	0.87	  % 	
Impact of excluding net realized and unrealized securities (gains)/losses and The Coca-Cola Company stock dividend	 	(0.10	) 	 	0.01	  	 	(0.04	) 	 	(0.61	) 	 	(0.26	) 	 	(0.05	) 	 	(0.34	) 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Return on average total assets less net unrealized securities gains 1	 	(0.83	)  % 	 	(0.41	)  % 	 	(1.89	)  % 	 	(1.39	)  % 	 	0.45	  % 	 	(1.05	)  % 	 	0.53	  % 	

Return on average common shareholders’ equity	 	(8.52	)  % 	 	(3.95	)  % 	 	(20.71	)  % 	 	(8.47	)  % 	 	6.88	  % 	 	(11.06	)  % 	 	8.44	  % 	
Impact of excluding net realized and unrealized securities (gains)/losses and The Coca-Cola Company stock dividend	 	(1.18	) 	 	(0.07	) 	 	(1.37	) 	 	(6.86	) 	 	(2.43	) 	 	(0.85	) 	 	(3.01	) 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Return on average realized common shareholders’ equity 2	 	(9.70	)  % 	 	(4.02	)  % 	 	(22.08	)  % 	 	(15.33	)  % 	 	4.45	  % 	 	(11.91	)  % 	 	5.43	  % 	

Efficiency ratio 3	 	73.53	  % 	 	69.68	  % 	 	97.22	  % 	 	82.34	  % 	 	67.67	  % 	 	80.45	  % 	 	58.93	  % 	
Impact of excluding amortization/impairment of goodwill/intangible assets other than MSRs	 	(0.71	) 	 	(0.63	) 	 	(34.25	) 	 	(0.90	) 	 	(0.75	) 	 	(12.51	) 	 	(1.42	) 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Tangible efficiency ratio 4	 	72.82	  % 	 	69.05	  % 	 	62.97	  % 	 	81.44	  % 	 	66.92	  % 	 	67.94	  % 	 	57.51	  % 	

Total shareholders’ equity	 	$22,908,284	  	 	$22,953,158	  	 	$21,645,626	  	 	$22,500,805	  	 	$18,069,378	  	 			 			
Goodwill, net of deferred taxes	 	(6,204,954	) 	 	(6,213,243	) 	 	(6,224,610	) 	 	(6,941,104	) 	 	(7,062,869	) 	 			 			
Other intangible assets including MSRs, net of deferred taxes	 	(1,559,765	) 	 	(1,468,209	) 	 	(1,049,155	) 	 	(978,211	) 	 	(1,328,055	) 	 			 			
MSRs	 	1,422,716	  	 	1,322,322	  	 	894,797	  	 	810,474	  	 	1,150,013	  	 			 			
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 			 			
Tangible equity	 	16,566,281	  	 	16,594,028	  	 	15,266,658	  	 	15,391,964	  	 	10,828,467	  	 			 			
Preferred stock	 	(4,911,416	) 	 	(4,918,863	) 	 	(5,227,357	) 	 	(5,221,703	) 	 	(500,000	) 	 			 			
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 			 			
Tangible common equity	 	$11,654,865	  	 	$11,675,165	  	 	$10,039,301	  	 	$10,170,261	  	 	$10,328,467	  	 			 			

Total assets	 	$172,717,747	  	 	$176,734,971	  	 	$179,116,402	  	 	$189,137,961	  	 	$174,776,760	  	 			 			
Goodwill	 	(6,314,382	) 	 	(6,314,382	) 	 	(6,309,431	) 	 	(7,043,503	) 	 	(7,062,869	) 	 			 			
Other intangible assets including MSRs	 	(1,604,136	) 	 	(1,517,483	) 	 	(1,103,333	) 	 	(1,035,427	) 	 	(1,389,965	) 	 			 			
MSRs	 	1,422,716	  	 	1,322,322	  	 	894,797	  	 	810,474	  	 	1,150,013	  	 			 			
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 			 			
Tangible assets	 	$166,221,945	  	 	$170,225,428	  	 	$172,598,435	  	 	$181,869,505	  	 	$167,473,939	  	 			 			

Tangible equity to tangible assets 5	 	9.96	  % 	 	9.75	  % 	 	8.85	  % 	 	8.46	  % 	 	6.47	  % 	 			 			
Tangible book value per common share 7	 	$23.35	  	 	$23.41	  	 	$28.15	  	 	$28.69	  	 	$29.18	  	 			 			
								
Net interest income	 	$1,137,458	  	 	$1,089,657	  	 	$1,062,098	  	 	$1,176,860	  	 	$1,146,213	  	 	$3,289,213	  	 	$3,442,796	  	
Taxable-equivalent adjustment	 	30,716	  	 	31,428	  	 	30,859	  	 	31,790	  	 	29,466	  	 	93,003	  	 	85,697	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net interest income - FTE	 	1,168,174	  	 	1,121,085	  	 	1,092,957	  	 	1,208,650	  	 	1,175,679	  	 	3,382,216	  	 	3,528,493	  	
Noninterest income	 	775,051	  	 	1,071,675	  	 	1,121,238	  	 	717,729	  	 	1,285,222	  	 	2,967,964	  	 	3,755,734	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenue - FTE	 	1,943,225	  	 	2,192,760	  	 	2,214,195	  	 	1,926,379	  	 	2,460,901	  	 	6,350,180	  	 	7,284,227	  	
Securities (gains)/losses, net	 	(46,692	) 	 	24,899	  	 	(3,377	) 	 	(411,053	) 	 	(173,046	) 	 	(25,170	) 	 	(662,247	) 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenue - FTE excluding net securities (gains)/losses 6	 	$1,896,533	  	 	$2,217,659	  	 	$2,210,818	  	 	$1,515,326	  	 	$2,287,855	  	 	$6,325,010	  	 	$6,621,980	  	

 

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 customer relationship and customer transaction driven. The return on average assets less net unrealized gains on securities is computed by dividing annualized net income, excluding securities gains/losses and The Coca-Cola Company dividend, net of tax, by average assets less net unrealized securities gains.	
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 available to common shareholders, excluding securities gains/losses and The Coca-Cola Company dividend, net of tax, by average realized common shareholders’ equity.	
3	Computed by dividing noninterest expense by total revenue - FTE. The efficiency ratios are presented on an FTE basis. The FTE basis adjusts for the tax-favored status of net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources.	
4	SunTrust presents a tangible efficiency ratio which excludes the amortization/impairment of 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 total revenue- FTE excluding net realized 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 customer relationship and customer transaction driven and is more indicative of normalized operations.	
7	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.	
 
Page 13

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

																						
 	  	Three Months Ended	 	 	Nine Months Ended	 	
 	  	  September 30  
2009	 	 	  June 30  
2009	 	 	  March 31  
2009	 	 	  December 31  
2008	 	 	  September 30  
2008	 	 	  September 30  
2009	 	 	  September 30  
2008	 	
NON-GAAP MEASURES PRESENTED IN THE EARNINGS RELEASE	  			 			 			 			 			 			 			
Total noninterest expense	  	$1,428,847	  	 	$1,527,972	  	 	$2,152,023	  	 	$1,586,153	  	 	$1,665,295	  	 	$5,108,842	  	 	$4,292,870	  	
Goodwill/intangible impairment charges other than MSRs	  	-  	  	 	-  	  	 	751,156	  	 	-  	  	 	-  	  	 	751,156	  	 	45,000	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total noninterest expense excluding goodwill/intangible impairment charges other than MSRs 1	  	$1,428,847	  	 	$1,527,972	  	 	$1,400,867	  	 	$1,586,153	  	 	$1,665,295	  	 	$4,357,686	  	 	$4,247,870	  	

Net income/(loss)	  	($316,941	) 	 	($183,460	) 	 	($815,167	) 	 	($347,587	) 	 	$312,444	  	 	($1,315,568	) 	 	$1,143,361	  	
Goodwill/intangible impairment charges other than MSRs, after tax	  	-  	  	 	-  	  	 	723,853	  	 	-  	  	 	-  	  	 	723,853	  	 	27,281	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net income/(loss) excluding goodwill/intangible impairment charges other than MSRs, after tax 1	  	($316,941	) 	 	($183,460	) 	 	($91,314	) 	 	($347,587	) 	 	$312,444	  	 	($591,715	) 	 	$1,170,642	  	

Net income/(loss) available to common shareholders	  	($377,144	) 	 	($164,428	) 	 	($875,381	) 	 	($374,938	) 	 	$304,397	  	 	($1,416,953	) 	 	$1,115,920	  	
Goodwill/intangible impairment charges other than MSRs attributable to common shareholders, after tax	  	-  	  	 	-  	  	 	714,824	  	 	-  	  	 	-  	  	 	714,824	  	 	27,006	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net income/(loss) available to common shareholders excluding goodwill/intangible impairment charges other than MSRs, after tax 1	  	($377,144	) 	 	($164,428	) 	 	($160,557	) 	 	($374,938	) 	 	$304,397	  	 	($702,129	) 	 	$1,142,926	  	

Net income/(loss) per average common share, diluted	  	($0.76	) 	 	($0.41	) 	 	($2.49	) 	 	($1.07	) 	 	$0.87	  	 	($3.41	) 	 	$3.19	  	
Impact of excluding goodwill/intangible impairment charges other than MSRs attributable to common shareholders, after tax	  	-  	  	 	-  	  	 	2.03	  	 	-  	  	 	-  	  	 	1.72	  	 	0.08	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net income/(loss) per average diluted common share, excluding goodwill/intangible impairment charges other than MSRs, after tax 1	  	($0.76	) 	 	($0.41	) 	 	($0.46	) 	 	($1.07	) 	 	$0.87	  	 	($1.69	) 	 	$3.27	  	

								
SUPPLEMENTAL INCOME STATEMENT RECONCILIATION	  			 			 			 			 			 			 			
Net income/(loss)	  	($316,941	) 	 	($183,460	) 	 	($815,167	) 	 	($347,587	) 	 	$312,444	  	 	($1,315,568	) 	 	$1,143,361	  	
Preferred dividends, Series A	  	(1,763	) 	 	(5,635	) 	 	(5,000	) 	 	(5,055	) 	 	(5,111	) 	 	(12,398	) 	 	(17,200	) 	
U.S. Treasury preferred dividends	  	(66,439	) 	 	(66,546	) 	 	(66,279	) 	 	(26,579	) 	 	-  	  	 	(199,264	) 	 	-  	  	
Dividends and undistributed earnings allocated to unvested shares	  	3,106	  	 	1,788	  	 	11,065	  	 	4,283	  	 	(2,936	) 	 	15,959	  	 	(10,241	) 	
Gain on purchase of Series A preferred stock	  	4,893	  	 	89,425	  	 	-  	  	 	-  	  	 	-  	  	 	94,318	  	 	-  	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net income/(loss) available to common shareholders	  	($377,144	) 	 	($164,428	) 	 	($875,381	) 	 	($374,938	) 	 	$304,397	  	 	($1,416,953	) 	 	$1,115,920	  	

 
 
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 this measure is useful to investors, because removing the non-cash impairment charges provides a more representative view of normalized operations and the measure also allows better comparability with peers in the industry who also provide a similar presentation when applicable. In addition, management uses this measure internally to analyze performance.	
 
Page 14

SunTrust Banks, Inc. and Subsidiaries
RETAIL AND COMMERCIAL LINE OF BUSINESS
(Dollars in thousands) (Unaudited)

																			
 	  	Three Months Ended	 	 	Nine Months Ended	 	
 	  	  September 30  
2009	 	 	  September 30  
2008	 	 	%
  Change 3   	 	 	  September 30  
2009	 	 	  September 30  
2008	 	 	%
  Change 3   	 	
							
Statements of Income	  			 			 			 			 			 			
							
Net interest income 1	  	$599,428	  	 	$640,405	  	 	(6.4	)  % 	 	$1,734,106	  	 	$1,909,081	  	 	(9.2	)  % 	
FTE adjustment	  	9,210	  	 	8,331	  	 	10.6	  	 	27,070	  	 	25,640	  	 	5.6	  	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income - FTE	  	608,638	  	 	648,736	  	 	(6.2	) 	 	1,761,176	  	 	1,934,721	  	 	(9.0	) 	
Provision for loan losses 2	  	344,460	  	 	159,614	  	 	NM	  	 	825,927	  	 	372,062	  	 	NM	  	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income after provision for loan losses - FTE	  	264,178	  	 	489,122	  	 	(46.0	) 	 	935,249	  	 	1,562,659	  	 	(40.2	) 	

Noninterest income before securities gains/(losses)	  	343,448	  	 	364,551	  	 	(5.8	) 	 	1,014,432	  	 	1,057,746	  	 	(4.1	) 	
Securities gains/(losses), net	  	8	  	 	(220	) 	 	NM	  	 	(11	) 	 	(220	) 	 	(95.0	) 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest income	  	343,456	  	 	364,331	  	 	(5.7	) 	 	1,014,421	  	 	1,057,526	  	 	(4.1	) 	

Noninterest expense before amortization/impairment of goodwill/intangible assets	  	781,876	  	 	685,789	  	 	14.0	  	 	2,197,199	  	 	1,955,378	  	 	12.4	  	
Amortization/impairment of goodwill/intangible assets	  	10,188	  	 	14,571	  	 	(30.1	) 	 	331,579	  	 	43,730	  	 	NM	  	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest expense	  	792,064	  	 	700,360	  	 	13.1	  	 	2,528,778	  	 	1,999,108	  	 	26.5	  	

Income/(loss) before provision/(benefit) for income taxes	  	(184,430	) 	 	153,093	  	 	NM	  	 	(579,108	) 	 	621,077	  	 	NM	  	
Less: provision/(benefit) for income taxes	  	(90,405	) 	 	26,936	  	 	NM	  	 	(189,470	) 	 	142,395	  	 	NM	  	
FTE adjustment	  	9,210	  	 	8,331	  	 	10.6	  	 	27,070	  	 	25,640	  	 	5.6	  	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net income/(loss) including income attributable to noncontrolling interest	  	(103,235	) 	 	117,826	  	 	NM	  	 	(416,708	) 	 	453,042	  	 	NM	  	
Less: net income attributable to noncontrolling interest	  	-    	  	 	-    	  	 	-    	  	 	-    	  	 	1	  	 	(100.0	) 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net income/(loss)	  	($103,235	) 	 	$117,826	  	 	NM	  	 	($416,708	) 	 	$453,041	  	 	NM	  	

Total revenue - FTE	  	$952,094	  	 	$1,013,067	  	 	(6.0	) 	 	$2,775,597	  	 	$2,992,247	  	 	(7.2	) 	
							
Selected Average Balances	  			 			 			 			 			 			
							
Total loans	  	$48,745,228	  	 	$51,097,300	  	 	(4.6	)  % 	 	$49,835,876	  	 	$50,630,543	  	 	(1.6	)  % 	
Goodwill	  	5,738,804	  	 	6,220,029	  	 	(7.7	) 	 	5,892,972	  	 	6,131,615	  	 	(3.9	) 	
Other intangible assets excluding MSRs	  	117,888	  	 	166,465	  	 	(29.2	) 	 	128,423	  	 	164,548	  	 	(22.0	) 	
Total assets	  	56,092,389	  	 	58,881,083	  	 	(4.7	) 	 	57,286,453	  	 	58,302,730	  	 	(1.7	) 	
Consumer and commercial deposits	  	92,630,845	  	 	81,316,448	  	 	13.9	  	 	90,068,715	  	 	82,037,797	  	 	9.8	  	
							
Performance Ratios	  			 			 			 			 			 			
							
Efficiency ratio	  	83.19	  % 	 	69.13	  % 	 			 	91.11	  % 	 	66.81	  % 	 			
Impact of excluding amortization/impairment of goodwill/intangible assets	  	(6.70	) 	 	(6.10	) 	 			 	(17.62	) 	 	(5.87	) 	 			
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Tangible efficiency ratio	  	76.49	  % 	 	63.03	  % 	 			 	73.49	  % 	 	60.94	  % 	 			

 

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 shareholders’ equity is not allocated to the lines of business at this time.	
2	Provision for loan 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
CORPORATE AND INVESTMENT BANKING LINE OF BUSINESS
(Dollars in thousands) (Unaudited)

																			
 	 	Three Months Ended	 	 	Nine Months Ended	 	
 	 	    September 30    
2009	 	 	    September 30    
2008	 	 	%
    Change 3     	 	 	    September 30    
2009	 	 	    September 30    
2008	 	 	%
    Change 3     	 	
							
Statements of Income	 			 			 			 			 			 			
							
Net interest income 1	 	$75,650	  	 	$59,944	  	 	26.2	  % 	 	$234,937	  	 	$178,575	  	 	31.6	  % 	
FTE adjustment	 	18,081	  	 	16,796	  	 	7.7	  	 	55,167	  	 	46,071	  	 	19.7	  	
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income - FTE	 	93,731	  	 	76,740	  	 	22.1	  	 	290,104	  	 	224,646	  	 	29.1	  	
Provision for loan losses 2	 	120,860	  	 	2,246	  	 	NM	  	 	273,398	  	 	2,189	  	 	NM	  	
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income after provision for loan losses - FTE	 	(27,129	) 	 	74,494	  	 	NM	  	 	16,706	  	 	222,457	  	 	(92.5	) 	

Noninterest income before securities gains/(losses)	 	197,857	  	 	134,586	  	 	47.0	  	 	561,624	  	 	443,671	  	 	26.6	  	
Securities gains/(losses), net	 	-    	  	 	-    	  	 	-  	  	 	-    	  	 	-    	  	 	-  	  	
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest income	 	197,857	  	 	134,586	  	 	47.0	  	 	561,624	  	 	443,671	  	 	26.6	  	

Noninterest expense before amortization of intangible assets	 	140,687	  	 	135,946	  	 	3.5	  	 	423,203	  	 	408,196	  	 	3.7	  	
Amortization of intangible assets	 	122	  	 	122	  	 	-  	  	 	366	  	 	366	  	 	-  	  	
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest expense	 	140,809	  	 	136,068	  	 	3.5	  	 	423,569	  	 	408,562	  	 	3.7	  	

Income before provision/(benefit) for income taxes	 	29,919	  	 	73,012	  	 	(59.0	) 	 	154,761	  	 	257,566	  	 	(39.9	) 	
Less: provision/(benefit) for income taxes	 	(6,609	) 	 	20,704	  	 	NM	  	 	2,386	  	 	64,653	  	 	(96.3	) 	
FTE adjustment	 	18,081	  	 	16,796	  	 	7.7	  	 	55,167	  	 	46,071	  	 	19.7	  	
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net income including income attributable to noncontrolling interest	 	18,447	  	 	35,512	  	 	(48.1	) 	 	97,208	  	 	146,842	  	 	(33.8	) 	
Less: net income attributable to noncontrolling interest	 	-    	  	 	-    	  	 	-  	  	 	-    	  	 	-    	  	 	-  	  	
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net income	 	$18,447	  	 	$35,512	  	 	(48.1	) 	 	$97,208	  	 	$146,842	  	 	(33.8	) 	

Total revenue - FTE	 	$291,588	  	 	$211,326	  	 	38.0	  	 	$851,728	  	 	$668,317	  	 	27.4	  	
							
Selected Average Balances	 			 			 			 			 			 			
							
Total loans	 	$20,085,882	  	 	$21,554,404	  	 	(6.8	)  % 	 	$21,858,078	  	 	$20,768,297	  	 	5.2	  % 	
Goodwill	 	223,307	  	 	224,231	  	 	(0.4	) 	 	223,307	  	 	223,695	  	 	(0.2	) 	
Other intangible assets excluding MSRs	 	60	  	 	556	  	 	(89.2	) 	 	184	  	 	679	  	 	(72.9	) 	
Total assets	 	29,107,764	  	 	31,812,722	  	 	(8.5	) 	 	32,048,707	  	 	30,913,673	  	 	3.7	  	
Consumer and commercial deposits	 	6,614,649	  	 	6,308,541	  	 	4.9	  	 	7,056,760	  	 	6,383,093	  	 	10.6	  	
							
Performance Ratios	 			 			 			 			 			 			
							
Efficiency ratio	 	48.29	  % 	 	64.39	  % 	 			 	49.73	  % 	 	61.13	  % 	 			
Impact of excluding amortization of intangible assets	 	(0.48	) 	 	(0.85	) 	 			 	(0.50	) 	 	(0.75	) 	 			
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Tangible efficiency ratio	 	47.81	  % 	 	63.54	  % 	 			 	49.23	  % 	 	60.38	  % 	 			

 

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 shareholders’ equity is not allocated to the lines of business at this time.	
2	Provision for loan 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
HOUSEHOLD LENDING LINE OF BUSINESS
(Dollars in thousands) (Unaudited)

																			
 	 	Three Months Ended	 	 	Nine Months Ended	 	
 	 	    September 30    
2009	 	 	    September 30    
2008	 	 	%
    Change 3     	 	 	    September 30    
2009	 	 	    September 30    
2008	 	 	%
    Change 3     	 	
							
Statements of Income	 			 			 			 			 			 			
							
Net interest income 1	 	$190,885	  	 	$172,660	  	 	10.6	   % 	 	$600,265	  	 	$554,221	  	 	8.3	   % 	
FTE adjustment	 	-    	  	 	-    	  	 	-  	  	 	-    	  	 	-    	  	 	-  	  	
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income - FTE	 	190,885	  	 	172,660	  	 	10.6	  	 	600,265	  	 	554,221	  	 	8.3	  	
Provision for loan losses 2	 	501,176	  	 	220,986	  	 	NM	  	 	1,255,269	  	 	621,952	  	 	NM	  	
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income after provision for loan losses - FTE	 	(310,291	) 	 	(48,326	) 	 	NM	  	 	(655,004	) 	 	(67,731	) 	 	NM	  	

Noninterest income before securities gains/(losses)	 	95,049	  	 	144,783	  	 	(34.4	) 	 	761,494	  	 	416,912	  	 	82.7	  	
Securities gains/(losses), net	 	(2,407	) 	 	(5,332	) 	 	(54.9	) 	 	(28,458	) 	 	(11,560	) 	 	NM	  	
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest income	 	92,642	  	 	139,451	  	 	(33.6	) 	 	733,036	  	 	405,352	  	 	80.8	  	

Noninterest expense before amortization/impairment of goodwill/intangible assets	 	310,420	  	 	420,524	  	 	(26.2	) 	 	1,017,930	  	 	976,825	  	 	4.2	  	
Amortization/impairment of goodwill/intangible assets	 	379	  	 	163	  	 	NM	  	 	453,051	  	 	1,490	  	 	NM	  	
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest expense	 	310,799	  	 	420,687	  	 	(26.1	) 	 	1,470,981	  	 	978,315	  	 	50.4	  	

Loss before benefit for income taxes	 	(528,448	) 	 	(329,562	) 	 	60.3	  	 	(1,392,949	) 	 	(640,694	) 	 	NM	  	
Less: benefit for income taxes	 	(201,833	) 	 	(127,830	) 	 	57.9	  	 	(375,464	) 	 	(254,503	) 	 	47.5	  	
FTE adjustment	 	-    	  	 	-    	  	 	-  	  	 	-    	  	 	-    	  	 	-  	  	
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net loss including income attributable to noncontrolling interest	 	(326,615	) 	 	(201,732	) 	 	61.9	  	 	(1,017,485	) 	 	(386,191	) 	 	NM	  	
Less: net income attributable to noncontrolling interest	 	441	  	 	374	  	 	17.9	  	 	2,617	  	 	1,295	  	 	NM	  	
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net loss	 	($327,056	) 	 	($202,106	) 	 	61.8	  	 	($1,020,102	) 	 	($387,486	) 	 	NM	  	

Total revenue - FTE	 	$283,527	  	 	$312,111	  	 	(9.2	) 	 	$1,333,301	  	 	$959,573	  	 	38.9	  	
							
Selected Average Balances	 			 			 			 			 			 			
							
Total loans	 	$42,490,681	  	 	$44,467,000	  	 	(4.4	)  % 	 	$42,957,463	  	 	$44,914,544	  	 	(4.4	)  % 	
Goodwill	 	-    	  	 	277,199	  	 	(100.0	) 	 	93,393	  	 	276,791	  	 	(66.3	) 	
Other intangible assets excluding MSRs	 	8,555	  	 	382	  	 	NM	  	 	8,951	  	 	741	  	 	NM	  	
Total assets	 	50,736,311	  	 	55,334,618	  	 	(8.3	) 	 	51,878,735	  	 	56,724,416	  	 	(8.5	) 	
Consumer and commercial deposits	 	3,253,569	  	 	2,337,813	  	 	39.2	  	 	3,291,885	  	 	2,307,752	  	 	42.6	  	
							
Performance Ratios	 			 			 			 			 			 			
							
Efficiency ratio	 	109.62	  % 	 	134.79	  % 	 			 	110.33	  % 	 	101.95	  % 	 			
Impact of excluding amortization/impairment of goodwill/intangible assets	 	(0.17	) 	 	(1.45	) 	 			 	(34.19	) 	 	(1.15	) 	 			
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Tangible efficiency ratio	 	109.45	  % 	 	133.34	  % 	 			 	76.14	  % 	 	100.80	  % 	 			

Other Information	 			 			 			 			 			 			
							
Production Data	 			 			 			 			 			 			
Channel mix	 			 			 			 			 			 			
Retail	 	$5,781,415	  	 	$3,777,757	  	 	53.0	  % 	 	$20,300,706	  	 	$13,888,030	  	 	46.2	  % 	
Wholesale	 	2,681,935	  	 	2,581,750	  	 	3.9	  	 	10,541,033	  	 	10,013,155	  	 	5.3	  	
Correspondent	 	3,087,552	  	 	1,775,523	  	 	73.9	  	 	10,872,083	  	 	5,302,678	  	 	NM	  	
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total production	 	$11,550,902	  	 	$8,135,030	  	 	42.0	  	 	$41,713,822	  	 	$29,203,863	  	 	42.8	  	

Channel mix - percent	 			 			 			 			 			 			
Retail	 	50	  % 	 	46	  % 	 			 	49	  % 	 	48	  % 	 			
Wholesale	 	23	  	 	32	  	 			 	25	  	 	34	  	 			
Correspondent	 	27	  	 	22	  	 			 	26	  	 	18	  	 			
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total production	 	100	  % 	 	100	  % 	 			 	100	  % 	 	100	  % 	 			

Purchase and refinance mix	 			 			 			 			 			 			
Refinance	 	$6,915,511	  	 	$2,514,269	  	 	NM	  	 	$30,365,749	  	 	$13,293,122	  	 	NM	  	
Purchase	 	4,635,391	  	 	5,620,761	  	 	(17.5	) 	 	11,348,073	  	 	15,910,741	  	 	(28.7	) 	
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total production	 	$11,550,902	  	 	$8,135,030	  	 	42.0	  	 	$41,713,822	  	 	$29,203,863	  	 	42.8	  	

Purchase and refinance mix - percent	 			 			 			 			 			 			
Refinance	 	60	  % 	 	31	  % 	 			 	73	  % 	 	46	  % 	 			
Purchase	 	40	  	 	69	  	 			 	27	  	 	54	  	 			
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total production	 	100	  % 	 	100	  % 	 			 	100	  % 	 	100	  % 	 			

Applications	 	$13,356,169	  	 	$14,429,165	  	 	(7.4	) 	 	$62,504,748	  	 	$51,773,177	  	 	20.7	  	
							
Mortgage Servicing Data (End of Period)	 			 			 			 			 			 			
Total loans serviced	 	$177,557,012	  	 	$159,269,209	  	 	11.5	  % 	 			 			 			
Total loans serviced for others	 	145,179,846	  	 	127,027,392	  	 	14.3	  	 			 			 			
Net carrying value of MSRs	 	1,422,716	  	 	1,150,013	  	 	23.7	  	 			 			 			
Ratio of net carrying value of MSRs to total loans serviced for others	 	0.980	  % 	 	0.905	  % 	 			 			 			 			

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 shareholders’ equity is not allocated to the lines of business at this time.	
2	Provision for loan 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 17

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

																			
 	 	Three Months Ended	 	 	Nine Months Ended	 	
 	 	    September 30    
2009	 	 	    September 30    
2008	 	 	%
    Change 3     	 	 	    September 30    
2009	 	 	    September 30    
2008	 	 	%
    Change 3     	 	
							
Statements of Income	 			 			 			 			 			 			
							
Net interest income 1	 	$79,073	  	 	$82,800	  	 	(4.5	)  % 	 	$222,894	  	 	$241,500	  	 	(7.7	)  % 	
FTE adjustment	 	4	  	 	7	  	 	(42.9	) 	 	14	  	 	25	  	 	(44.0	) 	
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income - FTE	 	79,077	  	 	82,807	  	 	(4.5	) 	 	222,908	  	 	241,525	  	 	(7.7	) 	
Provision for loan losses 2	 	39,165	  	 	9,160	  	 	NM	  	 	61,420	  	 	16,822	  	 	NM	  	
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income after provision for loan losses - FTE	 	39,912	  	 	73,647	  	 	(45.8	) 	 	161,488	  	 	224,703	  	 	(28.1	) 	

Noninterest income before securities gains/(losses)	 	185,872	  	 	161,633	  	 	15.0	  	 	543,619	  	 	761,084	  	 	(28.6	) 	
Securities gains/(losses), net	 	(364	) 	 	(88	) 	 	NM	  	 	(240	) 	 	(116	) 	 	NM	  	
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest income	 	185,508	  	 	161,545	  	 	14.8	  	 	543,379	  	 	760,968	  	 	(28.6	) 	

Noninterest expense before amortization/impairment of intangible assets	 	203,251	  	 	227,924	  	 	(10.8	) 	 	630,263	  	 	700,834	  	 	(10.1	) 	
Amortization/impairment of intangible assets	 	2,951	  	 	3,592	  	 	(17.8	) 	 	9,411	  	 	58,106	  	 	(83.8	) 	
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest expense	 	206,202	  	 	231,516	  	 	(10.9	) 	 	639,674	  	 	758,940	  	 	(15.7	) 	

Income before provision for income taxes	 	19,218	  	 	3,676	  	 	NM	  	 	65,193	  	 	226,731	  	 	(71.2	) 	
Less: provision for income taxes	 	7,345	  	 	1,736	  	 	NM	  	 	24,954	  	 	82,191	  	 	(69.6	) 	
FTE adjustment	 	4	  	 	7	  	 	(42.9	) 	 	14	  	 	25	  	 	(44.0	) 	
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net income including income attributable to noncontrolling interest	 	11,869	  	 	1,933	  	 	NM	  	 	40,225	  	 	144,515	  	 	(72.2	) 	
Less: net income attributable to noncontrolling interest	 	-    	  	 	167	  	 	(100.0	) 	 	-    	  	 	849	  	 	(100.0	) 	
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net income	 	$11,869	  	 	$1,766	  	 	NM	  	 	$40,225	  	 	$143,666	  	 	(72.0	) 	

Total revenue - FTE	 	$264,585	  	 	$244,352	  	 	8.3	  	 	$766,287	  	 	$1,002,493	  	 	(23.6	) 	
							
Selected Average Balances	 			 			 			 			 			 			
							
Total loans	 	$8,188,216	  	 	$8,257,310	  	 	(0.8	)  % 	 	$8,229,785	  	 	$8,117,945	  	 	1.4	   % 	
Goodwill	 	352,272	  	 	323,462	  	 	8.9	  	 	346,862	  	 	328,526	  	 	5.6	  	
Other intangible assets excluding MSRs	 	57,819	  	 	68,955	  	 	(16.1	) 	 	60,664	  	 	105,007	  	 	(42.2	) 	
Total assets	 	8,987,310	  	 	9,055,524	  	 	(0.8	) 	 	9,001,952	  	 	8,971,703	  	 	0.3	  	
Consumer and commercial deposits	 	11,308,478	  	 	9,550,431	  	 	18.4	  	 	10,808,656	  	 	9,637,801	  	 	12.1	  	
							
Performance Ratios	 			 			 			 			 			 			
							
Efficiency ratio	 	77.93	  % 	 	94.75	  % 	 			 	83.48	  % 	 	75.71	  % 	 			
Impact of excluding amortization/impairment of intangible assets	 	(2.51	) 	 	(3.20	) 	 			 	(2.76	) 	 	(6.82	) 	 			
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Tangible efficiency ratio	 	75.42	  % 	 	91.55	  % 	 			 	80.72	  % 	 	68.89	  % 	 			

Other Information (End of Period)	 			 			 			 			 			 			
							
Assets under administration	 			 			 			 			 			 			
Managed (discretionary) assets	 	$114,326,130	  	 	$129,455,527	  	 	(11.7	)  % 	 			 			 			
Non-managed assets	 	46,603,904	  	 	51,925,170	  	 	(10.2	) 	 			 			 			
	 	 	 	 	 	 	 			 			 			 			
Total assets under administration	 	160,930,034	  	 	181,380,697	  	 	(11.3	) 	 			 			 			

Brokerage assets	 	30,813,365	  	 	35,861,251	  	 	(14.1	) 	 			 			 			
Corporate trust assets	 	8,159,866	  	 	4,326,013	  	 	88.6	  	 			 			 			
	 	 	 	 	 	 	 			 			 			 			
Total assets under advisement	 	$199,903,265	  	 	$221,567,961	  	 	(9.8	) 	 			 			 			

 

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 shareholders’ equity is not allocated to the lines of business at this time.	
2	Provision for loan 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
CORPORATE OTHER AND TREASURY
(Dollars in thousands) (Unaudited)

																		
 	 	Three Months Ended	 	 	Nine Months Ended	 	
 	 	    September 30    
2009	 	 	    September 30    
2008	 	 	%
    Change 2     	 	 	    September 30    
2009	 	 	    September 30    
2008	 	%
    Change 2     	 	
							
Statements of Income	 			 			 			 			 		 			
							
Net interest income	 	$192,422	  	 	$190,404	  	 	1.1	   % 	 	$497,011	  	 	$559,419	 	(11.2	)  % 	
FTE adjustment	 	3,421	  	 	4,332	  	 	(21.0	) 	 	10,752	  	 	13,961	 	(23.0	) 	
	 	 	 	 	 	 	 			 	 	 	 	 	 			
Net interest income - FTE	 	195,843	  	 	194,736	  	 	0.6	  	 	507,763	  	 	573,380	 	(11.4	) 	
Provision for loan losses 1	 	128,268	  	 	111,666	  	 	14.9	  	 	674,194	  	 	498,696	 	35.2	  	
	 	 	 	 	 	 	 			 	 	 	 	 	 			
Net interest income after provision for loan losses - FTE	 	67,575	  	 	83,070	  	 	(18.7	) 	 	(166,431	) 	 	74,684	 	NM	  	

Noninterest income before securities gains/(losses)	 	(93,867	) 	 	306,623	  	 	NM	  	 	61,625	  	 	414,074	 	(85.1	) 	
Securities gains/(losses), net	 	49,455	  	 	178,686	  	 	(72.3	) 	 	53,879	  	 	674,143	 	(92.0	) 	
	 	 	 	 	 	 	 			 	 	 	 	 	 			
Total noninterest income	 	(44,412	) 	 	485,309	  	 	NM	  	 	115,504	  	 	1,088,217	 	(89.4	) 	

Noninterest expense before amortization of intangible assets	 	(21,128	) 	 	176,561	  	 	NM	  	 	45,535	  	 	147,636	 	(69.2	) 	
Amortization of intangible assets	 	101	  	 	103	  	 	(1.9	) 	 	305	  	 	309	 	(1.3	) 	
	 	 	 	 	 	 	 			 	 	 	 	 	 			
Total noninterest expense	 	(21,027	) 	 	176,664	  	 	NM	  	 	45,840	  	 	147,945	 	(69.0	) 	

Income/(loss) before provision/(benefit) for income taxes	 	44,190	  	 	391,715	  	 	(88.7	) 	 	(96,767	) 	 	1,014,956	 	NM	  	
Less: provision/(benefit) for income taxes	 	(44,554	) 	 	25,687	  	 	NM	  	 	(98,196	) 	 	206,949	 	NM	  	
FTE adjustment	 	3,421	  	 	4,332	  	 	(21.0	) 	 	10,752	  	 	13,961	 	(23.0	) 	
	 	 	 	 	 	 	 			 	 	 	 	 	 			
Net income/(loss) including income attributable to noncontrolling interest	 	85,323	  	 	361,696	  	 	(76.4	) 	 	(9,323	) 	 	794,046	 	NM	  	
Less: net income attributable to noncontrolling interest	 	2,289	  	 	2,250	  	 	1.7	  	 	6,868	  	 	6,748	 	1.8	  	
	 	 	 	 	 	 	 			 	 	 	 	 	 			
Net income/(loss)	 	$83,034	  	 	$359,446	  	 	(76.9	) 	 	($16,191	) 	 	$787,298	 	NM	  	

Total revenue - FTE	 	$151,431	  	 	$680,045	  	 	(77.7	) 	 	$623,267	  	 	$1,661,597	 	(62.5	) 	
							
Selected Average Balances	 			 			 			 			 		 			
							
Total loans	 	$286,205	  	 	$265,963	  	 	7.6	   % 	 	$182,903	  	 	$271,068	 	(32.5	)  % 	
Securities available for sale	 	22,161,242	  	 	13,427,374	  	 	65.0	  	 	20,016,644	  	 	14,207,584	 	40.9	  	
Goodwill	 	-    	  	 	4,742	  	 	(100.0	) 	 	-    	  	 	37,303	 	(100.0	) 	
Other intangible assets excluding MSRs	 	3,866	  	 	4,278	  	 	(9.6	) 	 	3,967	  	 	4,381	 	(9.5	) 	
Total assets	 	27,539,447	  	 	18,804,543	  	 	46.5	  	 	25,699,006	  	 	20,533,161	 	25.2	  	
Consumer and commercial deposits	 	678,892	  	 	686,608	  	 	(1.1	)  % 	 	642,492	  	 	662,237	 	(3.0	) 	
							
Other Information	 			 			 			 			 		 			
							
Duration of investment portfolio	 	2.5	   % 	 	4.8	   % 	 			 			 		 			
							
Accounting net interest income interest rate sensitivity 3 :	 			 			 			 			 		 			
% Change in net interest income under:	 			 			 			 			 		 			
Instantaneous 100 bp increase in rates over next 12 months	 	2.3	   % 	 	0.8	   % 	 			 			 		 			
Instantaneous 100 bp decrease in rates over next 12 months	 	(0.6	)  % 	 	(1.1	)  % 	 			 			 		 			
							
Economic net interest income interest rate sensitivity 3 :	 			 			 			 			 		 			
% Change in net interest income under:	 			 			 			 			 		 			
Instantaneous 100 bp increase in rates over next 12 months	 	1.8	   % 	 	(0.4	)  % 	 			 			 		 			
Instantaneous 100 bp decrease in rates over next 12 months	 	(0.3	)  % 	 	0.1	   % 	 			 			 		 			

1	Provision for loan losses is the difference between net charge-offs recorded by the lines of business and consolidated provision for loan losses.	
2	“NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.	
3	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 19

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

																			
 	 	Three Months Ended	 	 	Nine Months Ended	 	
 	 	    September 30    
2009	 	 	    September 30    
2008	 	 	%
    Change 1     	 	 	    September 30    
2009	 	 	    September 30    
2008	 	 	%
    Change 1     	 	
							
Statements of Income	 			 			 			 			 			 			
							
Net interest income	 	$1,137,458	  	 	$1,146,213	  	 	(0.8	)  % 	 	$3,289,213	  	 	$3,442,796	  	 	(4.5	)  % 	
FTE adjustment	 	30,716	  	 	29,466	  	 	4.2	  	 	93,003	  	 	85,697	  	 	8.5	  	
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income - FTE	 	1,168,174	  	 	1,175,679	  	 	(0.6	) 	 	3,382,216	  	 	3,528,493	  	 	(4.1	) 	
Provision for loan losses	 	1,133,929	  	 	503,672	  	 	NM	  	 	3,090,208	  	 	1,511,721	  	 	NM	  	
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income after provision for loan losses - FTE	 	34,245	  	 	672,007	  	 	(94.9	) 	 	292,008	  	 	2,016,772	  	 	(85.5	) 	

Noninterest income before securities gains/(losses)	 	728,359	  	 	1,112,176	  	 	(34.5	) 	 	2,942,794	  	 	3,093,487	  	 	(4.9	) 	
Securities gains/(losses), net	 	46,692	  	 	173,046	  	 	(73.0	) 	 	25,170	  	 	662,247	  	 	(96.2	) 	
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest income	 	775,051	  	 	1,285,222	  	 	(39.7	) 	 	2,967,964	  	 	3,755,734	  	 	(21.0	) 	

Noninterest expense before amortization/impairment of goodwill/intangible assets	 	1,415,106	  	 	1,646,744	  	 	(14.1	) 	 	4,314,130	  	 	4,188,869	  	 	3.0	  	
Amortization/impairment of goodwill/intangible assets	 	13,741	  	 	18,551	  	 	(25.9	) 	 	794,712	  	 	104,001	  	 	NM	  	
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest expense	 	1,428,847	  	 	1,665,295	  	 	(14.2	) 	 	5,108,842	  	 	4,292,870	  	 	19.0	  	

Income/(loss) before provision/(benefit) for income taxes	 	(619,551	) 	 	291,934	  	 	NM	  	 	(1,848,870	) 	 	1,479,636	  	 	NM	  	
Less: provision/(benefit) for income taxes	 	(336,056	) 	 	(52,767	) 	 	NM	  	 	(635,790	) 	 	241,685	  	 	NM	  	
FTE adjustment	 	30,716	  	 	29,466	  	 	4.2	  	 	93,003	  	 	85,697	  	 	8.5	  	
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net income/(loss) including income attributable to noncontrolling interest	 	(314,211	) 	 	315,235	  	 	NM	  	 	(1,306,083	) 	 	1,152,254	  	 	NM	  	
Less: net income attributable to noncontrolling interest	 	2,730	  	 	2,791	  	 	(2.2	) 	 	9,485	  	 	8,893	  	 	6.7	  	
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net income/(loss)	 	($316,941	) 	 	$312,444	  	 	NM	  	 	($1,315,568	) 	 	$1,143,361	  	 	NM	  	

Total revenue - FTE	 	$1,943,225	  	 	$2,460,901	  	 	(21.0	) 	 	$6,350,180	  	 	$7,284,227	  	 	(12.8	) 	
							
Selected Average Balances	 			 			 			 			 			 			
							
Total loans	 	$119,796,212	  	 	$125,641,977	  	 	(4.7	)  % 	 	$123,064,105	  	 	$124,702,397	  	 	(1.3	)  % 	
Goodwill	 	6,314,382	  	 	7,049,663	  	 	(10.4	) 	 	6,556,533	  	 	6,997,930	  	 	(6.3	) 	
Other intangible assets excluding MSRs	 	188,188	  	 	240,636	  	 	(21.8	) 	 	202,189	  	 	275,356	  	 	(26.6	) 	
Total assets	 	172,463,221	  	 	173,888,490	  	 	(0.8	) 	 	175,914,853	  	 	175,445,683	  	 	0.3	  	
Consumer and commercial deposits	 	114,486,433	  	 	100,199,841	  	 	14.3	  	 	111,868,508	  	 	101,028,680	  	 	10.7	  	
							
Performance Ratios	 			 			 			 			 			 			
							
Efficiency ratio	 	73.53	   % 	 	67.67	   % 	 			 	80.45	   % 	 	58.93	   % 	 			
Impact of excluding amortization/impairment of goodwill/intangible assets	 	(0.71	) 	 	(0.75	) 	 			 	(12.51	) 	 	(1.42	) 	 			
	 	 	 	 	 	 	 			 	 	 	 	 	 	 			
Tangible efficiency ratio	 	72.82	   % 	 	66.92	   % 	 			 	67.94	   % 	 	57.51	   % 	 			

 

1	“NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.	
 
Page 20

SunTrust Banks, Inc.
3Q 2009 Earnings Presentation
October 22, 2009
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 2008 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 reconciliation of those measures to GAAP measures are provided within or in the appendix of
this presentation.  In this presentation, net interest income and net interest margin are presented on a fully taxable-equivalent (“FTE”) basis, and ratios are presented on an annualized basis. The
FTE basis adjusts for the tax-favored status of income from certain loans and investments.  The Company believes this measure to be the preferred industry measurement of net interest income
and provides relevant comparison between taxable and non-taxable amounts.  

This presentation contains forward-looking statements. Statements regarding future levels of net interest margin, charge-offs, provision expense, FDIC and other regulatory expenses, and
income are forward-looking statements.  Also, any statement that does not describe historical or current facts, including statements about beliefs and expectations, is a forward-looking statement.
These statements often include the words “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “targets,” “initiatives,” “potentially,” “probably,” “projects,” “outlook” or similar
expressions or future conditional verbs such as “may,” “will,” “should,” “would,” and “could.” Such statements are based upon the current beliefs and expectations of management and on
information currently available to management. Our forward looking statements speak as of the date hereof, and we do not assume any obligation to update these statements or 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 at Item 1A of our
annual report on Form 10-K filed with the Securities and Exchange Commission and available at the Securities and Exchange Commission’s internet site (http://www.sec.gov). Those factors
include: difficult market conditions have adversely affected our industry; current levels of market volatility are unprecedented; the soundness of other financial institutions could adversely affect
us; there can be no assurance that recently enacted legislation, or any proposed federal programs, will stabilize the U.S. financial system, and such legislation and programs may adversely affect
us; the impact on us of recently enacted legislation, in particular the Emergency Economic Stabilization Act of 2008 (“EESA”) and its implementing regulations, and actions by the FDIC, cannot
be predicted at this time; 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; weakness in the real estate market may adversely affect our reinsurance subsidiary; 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 may be required to repurchase mortgage loans or indemnify mortgage loan purchasers as a result of breaches of representations and warranties, borrower fraud, or certain borrower
defaults, which could harm our liquidity, results of operations, and financial condition; 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 our business and revenues; we rely on other companies to provide key components of our business infrastructure; we rely on our systems, employees, and certain
counterparties, and certain failures could materially adversely affect our operations; we depend on the accuracy and completeness of information about clients and counterparties; regulation by
federal and state agencies could adversely affect our business, 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 our 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 residential real estate, increases in unemployment, and the related effects on local
economics 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; disruptions in our ability to access global capital markets may negatively affect our capital resources and liquidity; any reduction in our credit rating could increase
the cost of our funding from the capital markets; 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, 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 these require us to make
estimates about matters that are uncertain; changes to 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; we may enter into transactions with off-balance sheet affiliates or our subsidiaries; and we are
subject to market risk associated with our asset management and commercial paper conduit businesses. 

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

3
Third Quarter Highlights
•
EPS loss of $0.76 includes $0.16 per share of fair value debt charges and reflects the continued
challenging economic and credit environments
•
Solid capital position with estimated Tier 1 Common Ratio of 7.45% and Tier 1 Ratio of 12.55%
•
Growth in consumer and commercial deposits moderated; however, positive shift in mix continued
•
Average earning assets and loan balances declined as client demand remained weak
•
Overall
revenue
and
noninterest
income
remained
cyclically
soft;
however,
margin
and
net
interest
income increased sequentially, in part due to increased client deposits and improved mix
•
Expenses continued to be well managed with compensation and other controllable expenses declining
while cyclical expenses, including FDIC and pension, continued to impact results
•
Credit losses increased as anticipated; however, early stage delinquency and nonperforming loans
were stable compared to 2Q 2009
•
In addition to encouraging core business trends, we believe our focus on risk mitigation, efficiency,
and executing client driven initiatives will deliver steadily improving results as the operating
environment improves
I. HIGHLIGHTS	

4
3Q 2009                 2Q 2009              1Q 2009
Estimate                   Actual                  Actual
Capital Ratios Remained Solid
Tier 1 Common Ratio
Tier 1 Capital Ratio
Tier
1
Capital
Ratio
(Excl
TARP)
Total Capital Ratio
Book Value per Share
Tangible
Common
Book
Value
per
Share
Capital Ratios
II. CAPITAL
7.34%
12.23%
9.11%
15.31%
$36.16
$23.41
1.
TARP
preferred
included
in
Tier
1
ratio
contributes
an
estimated
3.27%
to
the
9/30/09
Tier
1
capital
ratio,
3.12%
at
6/30/09,
and
3.00%
at
3/31/09
2.
Please refer to the appendix to this presentation for a reconcilement to the most directly comparable GAAP financial measure
7.45%
12.55%
9.28%
15.90%
$36.06
$23.35
5.83%
11.02%
8.02%
14.15%
$46.03
$28.15
2
1	

5
($ in millions, except per share data)
Results Reflect Sustained Economic Pressures
Income Statement Highlights
III.
FINANCIAL
PERFORMANCE
Net Interest Income (FTE)
Provision for Loan Losses
Noninterest Income
Total Revenue (FTE)
Total Noninterest Expense
Total Noninterest Expense Excl Goodwill Char g e
Pre-Tax Loss
Provision/(Benefit) for Income Taxes
Preferred Dividends
Gain on Redemption of Preferred Stock
Net Loss Available to Common Shareholders
Net Loss Per Share Excluding Goodwill Char g e
Net Loss Per Average Common Diluted Share
Net Loss Per Share Excl Goodwill Char g e
NM = Not Meaningful—those changes over 1000% or where results changed from positive to negative
% Change      % Change                          % Change
3Q 2009
2Q 2009        3Q 2008       YTD 2009      YTD 2008
1.
Please refer to the appendix to this presentation for a reconcilement to the most directly comparable GAAP financial measure
$1,168.2
1,133.9
775.1          
1,943.2
1,428.8                                                          
1,428.8                         
(653.0)
(336.1)
68.2                                       
4.9
(377.1)
(377.1)
(0.76)
(0.76)        
4 %
18%
(28)%              
(11)%
(6)%                                                             
(6)%                          
(96)%
(126)%
(6)%                                       
(95)%
(129)%
(129)%
(85)%
(85)%
(1)%
125%
(40)%              
(21)%
(14)%                                                     
(14)%                          
NM
537%
NM                                       
NM
NM
NM
NM
NM
$3,382.2
3,090.2
2,968.0               
6,350.2
5,108.8                              
4,357.7                          
(1,951.4)
(635.8)
211.7                              
94.3
(1,417.0)
(702.1)
(3.41)
(1.69)        
(4)%
104%
(21)%        
(13)%
19%        
3%        
NM
NM
NM        
NM
NM
NM
NM
NM        
1
1
1	

6
($ 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
Noninterest-Bearing Deposits
NOW Accounts
Money Market Accounts
Savin g s
Consumer Time
Other Time
Total Consumer and Commercial Deposits       
Brokered & Forei g n Deposits
Total Deposits
3Q 2009
2Q 2009
2Q 2009
3Q 2008
Annualized
% Change
III. FINANCIAL PERFORMANCE
1.
Excludes $6.5 billion of nonaccrual and restructured loans
Deposit
Growth Slowed,
Though
Mix
Improved;
Loan
Demand
Remained
Weak
$35,410
15,611
5,421
28,398                              
15,820
5,042
6,617
990           
$113,309
$24,516                              
23,956        
32,505
3,733         
16,735      
13,041
114,486       
5,193       
$119,679
(8)%
(1)%
(16)%
0%
(2)%
2%
1%           
(4)%
5%        
4%
2%         
(4)%      
(6)%
1%       
(21)%       
0%
(33)%
(5)%
(64)%
(13)%                              
1%
(7)%
7%
5%           
(18)%
21%        
16%
8%         
(15)%      
(25)%
3%       
(86)%       
(2)%
1
(3)%
(7)%
1%
(48)%
12%
7%
(7)%
15%           
(7)%
17%        
21%
(1)%         
3%      
10%
14%       
(67)%       
3%
(10)%
(13)%
(1)%
17%
0%	

7
U.S. Treasury
U.S. Agency
U.S. States and Subdivisions
MBS
–
Agency
MBS
–
Private
Corporate & Other
Other Equity
Total AFS
High Quality Securities Portfolio Increased Due To Strong Liquidity
3Q 2009                                2Q 2009            
$ Change
Securities Available for Sale
($ in millions, period end balance)
Securities Portfolio
III. FINANCIAL PERFORMANCE
$953
3,975
1,000
12,464
417
801
2,513
$22,123
$191
389
1,004
14,386
440
619
2,436
$19,465
$762
3,586
(4)
(1,922)
(23)
182
77
$2,658	

8
3.07%
3.14%
2.87%
2.94%
3.10%
3Q 2008
4Q 2008
1Q 2009
2Q 2009
3Q 2009
Margin Expanded 16 bps from 2Q 200 9
•
3Q margin expansion driven
primarily by improved deposit
pricing and funding mix, with
increased core deposits and
decreased broker deposits and
long-term debt
•
Focus on deposit and loan
pricing benefited margin and
offset compression associated
with NPA’s and sluggish loan
demand
•
Based on current trends and
assumptions, modest additional
margin expansion in 4Q is
expected
Net Interest Margin
III. FINANCIAL PERFORMANCE	

9
($ in millions)
Higher Provision Expense Driven by Charge-Offs; Growth in ALLL Continued to Slow
Provision For Loan Loss
III. FINANCIAL PERFORMANCE
Provision
Net Charge-offs
Net Charge-off Ratio
Net ALLL Increase
Allowance to Loan Ratio
$994.1
$610.1
1.97%
$384.0
2.21%             
3Q 2009       2Q 2009         1Q 2009       4Q 2008            
$962.5
$552.5
1.72%
$410.0
$503.7
$392.1
1.24%
$111.6
$962.2
$801.2
2.59%
$161.0
2.37%             
$1,133.9
$1,005.9
3.33%
$128.0
2.61%             
1.54%
1.86%
3Q 2008	

10
(40)%
(15)% 
Noninterest Income   
Net Adjustments
Adjusted Noninterest Income
($ in millions)
Noninterest
Income
Remained
Cyclically
Soft;
$136
Million
Impact
from
Mortgage
Repurchase
Reserves
in
the
Quarter
1.  Adjustment detail included in appendix includes securities gains and losses
2.  Please
refer
to
the
appendix
to
this
presentation
for
a
reconcilement
to
the
most
directly
comparable
GAAP
financial
measure
Noninterest Income
III. FINANCIAL PERFORMANCE
%  Change      
3Q 2009      2Q  2009        3Q 2008        2Q 2009     3Q 2008
$775
(70) 
$845 
$1,072
145 
$927 
$1,285
286 
$999 
(28)%
(9)% 
1
2	

11
(14)%
(4)%
$(63)
(67)
27
26
$(14)
$(49)          
Expense Results
Noninterest Expense
Net Adjustment
Adjusted Noninterest Expense
Expense Driver Analysis
Total Adjusted Incr/(Decr)
Credit Related Costs
FDIC (Excl Special Assessment)                                 
Pension                                                          
Subtotal of Expense Drivers
Net Expense Incr/(Decr) Excl Drivers
Controllable Expenses Well Managed; Economically Cyclical Expenses Continued to Impact Results
1.  Adjustment detail included in appendix
2.  Includes operating losses, credit and collections, other real estate expense, additions to mortgage re-insurance reserves and unfunded commitment
reserve, but does not include additional personnel expense related to credit administration or default management.
Change
3Q 2009             2Q 2009            3Q 2008
2Q 2009
3Q 2008
% 
($ in millions)
Noninterest Expense
III. FINANCIAL PERFORMANCE
$                       
Change
$1,429
33
$1,396
215
46
28
$1,528
124
$1,404
171
71
31
$1,665
206
$1,459
282
19
2
(6)%
(1)%
$(8)
44
(25)
(3)
$16
$(24)                               
1
2	

12
Asset Quality Metrics
IV. RISK REVIEW
Increased Credit Losses from Construction, Mortgage and C&I Portfolios; NPL, NPA and 30-89
DPD Balances Stable versus 2Q 2009
($ in millions)
3Q 2009
2Q 2009
1Q 2009
3Q09 vs
2Q09
2Q09 vs
1Q09
Total Loans at End of Period
$116,487.9
$122,816.2
$123,893.0
-$6,328.3
-$1,076.8
Allowance for Loans & Lease Losses
3,024.0
2,896.0
2,735.0
128.0
161.0
Net Charge-offs
1,005.9
801.2
610.1
204.7
191.1
Provision Expense
1,133.9
962.2
994.1
171.7
-31.9
NPAs
6,094.8
6,165.0
5,246.4
-70.2
918.6
NPLs
to Total Loans
4.67%
4.48%
3.75%
0.19%
0.73%
NPAs
to Total Loans + OREO/OA
5.20%
4.99%
4.21%
0.21%
0.78%
ALLL to Loans
2.61%
2.37%
2.21%
0.24%
0.16%
NCOs (annualized to Average Loans)
3.33%
2.59%
1.97%
0.74%
0.62%
30-89 Days Past Due
1.52%
1.54%
1.76%
-0.02%
-0.22%	

13
Loan Portfolio
IV. RISK REVIEW
1. Consumer -
Direct includes approximately $3 billion of federally guaranteed student loans
The Majority of Asset Quality Issues Continued to be Driven by the Residential Real Estate
Secured Portfolios
Balance
% of
Balance
% of
C/O Ratio
C/O Ratio
30-89 DLQ%
30-89 DLQ%
($ in millions)
09/30/2009
Portfolio
06/30/2009
Portfolio
3Q09
2Q09
3Q09
2Q09
Commercial
$33,492
29%
$37,961
31%
2.15%
1.53%
0.43%
0.27%
Commercial Real Estate
15,294
13%
15,859
13%
0.51%
0.07%
0.84%
0.85%
Consumer -
Direct
(1)
5,059
4%
5,121
4%
1.41%
0.91%
4.67%
4.25%
Consumer -
Indirect
6,564
6%
6,406
5%
1.50%
1.24%
1.51%
1.66%
Credit Cards
957
1%
1,006
1%
9.39%
9.03%
3.38%
3.72%
Real Estate Home Equity Lines
16,121
14%
16,298
13%
4.51%
4.79%
1.45%
1.38%
Real Estate 1-4 Family
31,623
27%
31,989
26%
4.92%
4.06%
2.23%
2.50%
Real Estate Construction
7,380
6%
8,176
7%
8.83%
4.20%
2.63%
3.36%
Total
$116,488
100%
$122,816
100%
3.33%
2.59%
1.52%
1.54%	

14
40%
34%
1%
11%
5%
6%
3%
Unsecured: 40%
Receivables: 34%
Assignments of Contracts and Intangibles:11%
Deposits, CSV, Securities, Letters of Credit: 5%
Equipment (Business/Commercial): 6%
Inventory: 3%
Residential Property: 1%
38%
34%
28%
Mid-Atlantic Group
Central Group
Florida Group
IV. RISK REVIEW
C&I Portfolio
1.   Excludes leasing portfolio
2.   Excludes large corporate client portfolio and leasing portfolio 
Well Diversified C & I Portfolio
14%
12%
11%
10%
9%
8%
7%
7%
7%
6%
6%
4%
Consumer Products & Svcs: 14%
Retailing: 12%
Gov, Relig. & Non Profit:11%
Div. Fin. & Ins: 10%
Energy & Utilities: 9%
Health Care & Pharma: 8%
Div. Com. Svcs: 7%
Other: 7%
Capital Goods: 7%
Real Estate: 6%
Media & Telecom: 6%
Materials: 4%
Client Segment
Geography
Collateral Type
Industry Group
32%
16%
8%
5%
39%
Commercial
Large Corporate
Leasing
Wealth Management
Small Business
1
2
1	

15
Central
Group
33%
Mid-Atlantic
Group
44%
National
5%
Florida
Group
18%
Investor
Owned
41%
Owner
Occupied
59%
41% Investor Owned Portfolio is Well Diversified
IV. RISK REVIEW
Commercial Real Estate Portfolio
Geography
4,764
1,240
54
18
12
0
1,000
2,000
3,000
4,000
5,000
<$1MM
$1MM-
10MM
$10MM-
20MM
$20MM-
30MM
>$30MM
# of Loans
$1.0 Million Avg Loan Size
Granularity
Retail
24%
Office
20%
Multifamily
18%
Warehouse/
Industrial
15%
Special Purpose
Real Estate
15%
Hotels/
Motels
8%
Property Type	

16
1.  Excludes $60 million of mark-to-market loans held for sale in Q3 2009 and $65 million in Q2 2009.
2.  Does not include nonaccruals
Residential Mortgages $31,623 million
Residential Mortgages
IV. RISK REVIEW
Delinquencies Stabilized While Growth in Nonaccruals Moderated; Florida Remains the Trouble
Spot for this Portfolio
($ in millions)
Portfolio Profile
Credit Quality Metrics
Loan Type
9/30/09
Balance
6/30/09
Balance
9/30/2009           
$ Nonaccruals
6/30/2009         
$ Nonaccruals
9/30/09    
60+ DLQ
6/30/09    
60+ DLQ
Core Portfolio
$24,306
$ 24,314
$1,855
$1,683
1.71%
1.92%
Home Equity Loans
2,227
2,382
65
71
1.16
0.99
Prime 2
3,065
3,210
96
120
2.92
2.58
Lot Loans
1,162
1,157
278
280
5.50
5.33
Alt-A 1
637
694
254
259
8.65
7.84
Alt-A 2
226
232
38
51
9.99
8.76
Total
$31,623
$31,989
$2,586
$2,464
2.28%
2.34%
1
1
2
2
nd
nd
st	

17
Home Equity Lines $16,121 million
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
Portfolio Profile
Credit Quality Metrics
Type
9/30/09
Balance
% of
Total
6/30/09
Balance
3Q 09
Charge-off
4
%
2Q 09
Charge-off
4
%
3Q 09
Nonaccrual
%
2Q 09
Nonaccrual
%
3
Party
Originated
$1,630
10%
$1,703
12.56%
13.75%
4.04%
4.41%
CLTV > 80%
(Florida)
1,839
11
1,892
9.97
10.32
3.18
3.68
CLTV > 90%
1,597
10
1,644
4.78
4.54
1.56
1.84
All Other
11,055
69
11,059
2.25
2.35
1.23
1.20
Total
$16,121
100%
$16,298
4.51%
4.79%
1.74%
1.91%
Home Equity Lines
IV. RISK REVIEW
Charge-Offs and Nonaccruals Declined in 3Q 2009 for nearly all HELOC portfolio segments
($ in millions)
rd
1
2
3
rd	

18
1. Annualized third quarter net charge-off ratio
($ in millions)
Construction Balances Continued Rapid Decline to 6% of Total Loans; Residential Builder Charge-Offs
Increased Significantly
Construction $7,380 million
19
14%
%
of
Portfolio
4.87%
7.76
1.00
0.74
2.79
7.73
7.91
5.57%
2Q 09
30 +
DLQ
Portfolio Profile
Credit Quality Metrics
Type
9/30/09
Balance
%
FL
3Q 09
C/O
%
$
NPLs
FL
NPLs
%
3Q 09
30 +
DLQ
Construction Perm
$1,029
27%
7.70%
$297
36%
4.82%
Residential
Construction
1,373
29
7.76
481
44
5.51
Residential A&D
1,446
20
21
21.85
486
29
7.01
Residential Land
527
7
39
16.01
186
48
4.49
Commercial
Construction
2,016
27
19
0.59
78
64
1.30
Commercial A&D
471
6
23
0.75
16
52
3.67
Commercial Land
518
7
30
0.92
38
21
7.20
Total
$7,380
100%
25%
8.83%
$1,582
39%
4.49%
IV. RISK REVIEW
Construction
1	

19
Allowance to Nonperforming Loan Review
ALLL Coverage of NPLs Increases to 109% When Adjusted for NPLs Previously Written Down and
Impaired Loans With Specific Reserve Allocations
IV. RISK REVIEW
($ in millions, period end balances)
IMPAIRED COMMERCIAL LOANS WITH SPECIFIC RESERVES
3Q 2009
9/30/09
9/30/09
FAS114
Cumulative
Balance
Reserve
Charge-Offs
Implied Severity
Commerical and Investment Banking
$273
$55
$176
52%
Commercial
1,013
202
147
30%
Wealth & Investment Management
15
-
           
2
10%
Commercial FAS 114 Portfolio
$1,301
$258
$326
36%
ALLL / NPL Coverage Ratio
20%
57%
109%
32%
Base ALLL/NPL
Coverage ¹
Res Mtg
Previously
Written Down ²
Impaired CML Loans
With Specific
Reserves
Adjusted ALLL/NPL
Coverage
1.
Base ALLL/NPL  coverage ratio excludes  $108 million  in nonaccrual loans held at fair value
2.
Adjustments include reducing the denominator  of the ratio for the carrying value of residential  mortgages previously  written-down  and those not requiring a write-down  (Appendix slide 26), 
and a $277 million reduction in the numerator for reserves attributed to these nonperforming loans for lower collateral values that have occurred since the FFIEC write-down at 180 DPD.	

20
0
500
1,000
1,500
2,000
2,500
4Q 2008
1Q 2009
2Q 2009
3Q 2009
Accruing TDRs
Nonaccruing TDRs
TDR Trends
IV. RISK REVIEW
Pace of Mortgage Modifications Has Increased
$731
$1,049
$1,477
$2,021
($ in millions, period end balances)	

21
Credit Summary
IV. RISK REVIEW
•
Overall,
credit
quality
remains
weak
with
steady
results
in
key
credit
indicators
for
the
3
quarter
•
Balances were stable for nonperforming loans, nonperforming assets and early stage delinquencies,
while net charge-offs increased driven by the Construction, Mortgage and C&I portfolios
•
The Allowance for Loan and Lease Losses (ALLL) increased to 2.61% of loans
•
Residential Mortgage delinquencies declined, while nonaccrual balances trended higher
•
The
Construction
portfolio
declined
nearly
10%
–
$796
million
–
in
3Q
2009
and
is
down
46%
since
December 2007 
Construction-to-Perm stabilized
Residential Construction credit performance remained weak
Commercial Construction continues to perform well
•
ALLL coverage of NPLs is nearly 109% adjusted for Residential Mortgage NPLs that have had write-
downs and specific (FAS114) reserves
•
Continued improvements in delinquencies combined with stable nonperforming loans are
encouraging relative to future credit losses
•
Credit losses are expected to remain elevated for the next quarter or two given continued weakness
in residential real estate-related and cyclically sensitive commercial exposures. At the current time,
we do not expect a significant increase or decrease in charge-offs in 4Q.  Depending on the strength
and pace of economic recovery, we currently expect improvement in the second half of 2010
rd	

22
Appendix	

23
($ in millions)
Total Noninterest Income
Securities Gains/(Losses)
VISA Gain
Transplatinum Gain
Fair
Market
Write-downs
–
Trading
STI Debt Valuation-Trading
Fair
Value
Write-downs
–
Mortgage
Prod
Fair
Value
Write-downs
–
Other
Income
ARS Reserve -
Trading                
MSR
(Impairment)/Recovery
–
Mtg
Svcing
Net Adjustments
Adjusted Noninterest Income
Noninterest Income Reconciliation
V. APPENDIX
%                  %
Change       Change
3Q 2009     2Q 2009       3Q 2008        2Q 2009      3Q
2008
$1,072
(25)
112
-
(1)
(96)
(4)
-
2
157
145
$927
$1,285
173
-
82
(113)
341
(17)
(7)
(173)
-
286
$999
(28)%
(9)%
(40)%
(15)%
$775
47
-
-
14
(131)
(11)
-
11
-
(70)
$845	

24
Total Noninterest Expense
Net
E
Nonrecurring
Visa Litigation Accrual
Coke Charitable Contribution
AHG Write-down (Other Expense)
Net Loss/(Gain) on Debt Extinguishment
FDIC Special Assessment
Net Adjustments
Net Total
Change
3Q 2009        2Q 2009        3Q 2008
2Q 2009
3Q 2008
%
($ in millions)
Noninterest Expense Reconciliation
V. APPENDIX
$1,528
-
7
-
-
39
78
124
$1,404
$1,429
-
-
-
31
2
-
33
$1,396
$1,665
3
20
183
-
-
-
206
$1,459
(6)%
(1)%
(14)%
(4)%
2	

25
Noninterest Income
Mortgage Repurchase Reserve
FV MSR Hedging-Trading
FV MSR Hedging-Mortgage Servicing
Noninterest Expense
Unfunded Commitment Reserve (Other Exp)
Mortgage Reinsurance
Operating Losses
Credit & Collections
Other Real Estate
Total Credit-Related
Additional
Noninterest
Income
and
Expense
Disclosures
V. APPENDIX
$
Change 
3Q 2009         2Q 2009        3Q 2008          2Q 2009
3Q 2008
($ in millions)
$(135.6)
(13.2)
13.2
29.1
10.0
18.4
69.1
88.3
$214.9
$73.6
8.6
(8.6)
30.7
(14.6)
(14.2)
2.8
39.3
$44.0
$(62.0)
(4.6)
4.6
(1.6)
24.6
32.6
66.3
49.0
$170.9
$(12.9)
-
-
16.2
48.0
135.2
50.6
32.3
$282.3
$122.7
(13.2)
13.2
12.9
(38.0)
(116.8)
18.5
56.0
$(67.4)	

26
(As of 09/30/09, $ in millions)
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 include well-secured loans and loans with claims in process for individual and pool PMI policies
3. Excludes Home Equity nonaccruals of $65 million, $60 million of mark-to-market loans held for sale and $91 million of residential real estate loans managed on commercial  system
Nonaccruals that have been through the
specific write-down process
Loan
Type
Balance
before
write-
down
-
Amount  
of write-
down
=
Non     
accruals with               accruals not   
write-down
+
Non 
requiring
write-down
+
Non 
accruals
without   
specific
write-down  
=
Total
Non 
accruals
% Loss
Severity
Core
Portfolio
$1,328
$(438)
$890
$346
$528
$1,764
26.2%
Prime 2
348
(348)
--
96
--
96
--
Lot
Loans
348
(182)
166
56
56
278
45.2%
Alt-A 1
178
(54)
124
53
77
254
23.3%  
Alt-A 2
119
(105)
14
--
24
38
88.4%
Total
$2,321
$(1,127)
$1,194
$551
$685
$2,430
Residential Mortgages
Nonaccrual Balances Increased, but 72% of Nonaccruals Have Been Through the Write-Down
Process
(1)
VI. APPENDIX
nd
nd
st
2
3	

27
V. APPENDIX
($ in thousands, except per share data)
Reconciliation of Non GAAP Measures
September 30
June 30
September 30
2009
2009
2008
Total shareholders' equity               
$22,908,284
$22,953,158
$18,069,378
Goodwill, net of deferred taxes                    
(6,204,954)
(6,213,243)
(7,062,869)
Other intangible assets including MSRs, net of deferred taxes
(1,559,765)
(1,468,209)
(1,328,055)
MSRs
1,422,716
1,322,322
1,150,013
Tangible equity             
16,566,281
          
16,594,028
          
10,828,467
          
Preferred stock
(4,911,416)
           
(4,918,863)
           
(500,000)
               
Tangible common equity
$11,654,865
$11,675,165
$10,328,467
Total assets                
$172,717,747
$176,734,971
$174,776,760
Goodwill                
(6,314,382)
(6,314,382)
(7,062,869)
Other intangible assets including MSRs                
(1,604,136)
(1,517,483)
(1,389,965)
MSRs
1,422,716
1,322,322
1,150,013
Tangible assets                
$166,221,945
$170,225,428
$167,473,939
Tangible equity to tangible assets
9.96
%
9.75
%
6.47
%
Tangible book value per common share
$23.35
$23.41
$29.18
Three Months Ended	

28
V. APPENDIX
Reconciliation of Non GAAP Measures
($ in thousands, except per share data)
September 30
June 30
September 30
September 30
September 30
2009
2009
2008
2009
2008
Total noninterest expense
$1,428,847
$1,527,972
$1,665,295
$5,108,842
$4,292,870
Goodwill/intangible impairment charges other than MSRs
-
                    
-
                         
-
                   
751,156
           
45,000
          
Total noninterest expense excluding goodwill/intangible impairment charges other than MSRs
$1,428,847
$1,527,972
$1,665,295
$4,357,686
$4,247,870
Net income/(loss)
($316,941)
($183,460)
$312,444
($1,315,568)
$1,143,361
Goodwill/intangible impairment charges other than MSRs, after tax
-
                    
-
                         
-
                   
723,853
           
27,281
          
Net income/(loss) excluding goodwill/intangible
     impairment charges other than MSRs, after tax
($316,941)
($183,460)
$312,444
($591,715)
$1,170,642
Net income/(loss) available to common shareholders
($377,144)
($164,428)
$304,397
($1,416,953)
$1,115,920
Goodwill/intangible impairment charges other than MSRs attributable to
     common shareholders, after tax
-
                    
-
                         
-
                   
714,824
27,006
          
Net income/(loss) available to common shareholders excluding goodwill/intangible
     impairment charges other than MSRs, after tax
($377,144)
($164,428)
$304,397
($702,129)
$1,142,926
Net income/(loss) per average common share, diluted
($0.76)
($0.41)
$0.87
($3.41)
$3.19
Impact of excluding goodwill/intangible impairment charges other than MSRs attributable
     to common shareholders, after tax
-
                        
-
                         
-
                   
1.72
                  
0.08
               
Net income/(loss) per average diluted common share, excluding goodwill/intangible
      impairment charges other than MSRs, after tax
($0.76)
($0.41)
$0.87
($1.69)
$3.27
SUPPLEMENTAL INCOME STATEMENT RECONCILIATION
Net income/(loss)       
($316,941)
($183,460)
$312,444
($1,315,568)
$1,143,361
Preferred dividends, Series A
(1,763)
               
(5,635)
                
(5,111)
         
(12,398)
           
(17,200)
        
U.S. Treasury preferred dividends
(66,439)
            
(66,546)
              
-
                   
(199,264)
         
-
                    
Dividends and undistributed earnings allocated to unvested shares
3,106
                
1,788
                 
(2,936)
         
15,959
             
(10,241)
        
Gain on purchase of Series A preferred stock
4,893
                
89,425
               
-
                   
94,318
             
-
                    
Net income/(loss) available to common shareholders
($377,144)
($164,428)
$304,397
($1,416,953)
$1,115,920
Three Months Ended
Nine Months Ended