UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)     January 31, 2006                                                                
                            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                                                                

			
    	
(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.
Representatives of SunTrust Banks, Inc. (the ‘‘Registrant’’) are scheduled to make a presentation to analysts at a financial services conference held by Citigroup in New York, New York on Tuesday, January 31, 2006 at approximately 11:30 a.m. Eastern Time. A copy of the slide package to be used by the Registrant at this conference is being furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference into Item 2.02 and Item 7.01 of this Current Report on Form 8-K. Such slide package will also be available on the Registrant’s web site at www.suntrust.com. Information contained on the Registrant’s website is expressly not incorporated by reference into this Current Report on Form 8-K.
The information in the preceding paragraph, as well as Exhibit 99.1, shall not be deemed ‘‘filed’’ for purposes of Section 18 of the Securities Exchange Act of 1934 (the ‘‘Exchange Act’’), 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 Current Report on Form 8-K.
Item 9.01    Financial Statements and Exhibits.
(d) Exhibits
		
99.1 	Slide package to be presented on January 31, 2006 (Furnished with the Commission as a part of this Current Report on Form 8-K).	

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

	SUNTRUST BANKS, INC.
(Registrant)	

											
Date: January 31, 2006		By:		/s/ Raymond Fortin	
 		 		Raymond Fortin	
 		 		Corporate Executive Vice President and
General Counsel	

  

Mark Chancy
Chief Financial Officer
Citigroup Financial Services Conference
January 2006
1

This presentation contains forward-looking statements within the meaning of the Private Securities Litigation
Reform Act of 1995.  Such statements include, but are not limited to, statements about the benefits of the
merger between SunTrust Banks, Inc. (“SunTrust”) and National Commerce Financial Corporation (“NCF”),
including future financial and operating results, SunTrust’s plans, objectives, expectations and intentions and
other statements that are not historical facts.  Such statements are based upon the current beliefs and
expectations of SunTrust’s management and are subject to significant risks and uncertainties.  Actual results
may differ from those set forth in the forward-looking statements.  The following factors, among others, could
cause actual results to differ from those set forth in the forward-looking statements: the risk that the cost
savings and any revenue synergies from the merger may not be fully realized or may take longer to realize
than expected; disruption from the merger making it more difficult to maintain relationships with clients,
employees or suppliers; increased competition and its effects on pricing, spending, third-party relationships
and revenues; the risk of new and changing regulation in the U.S. and internationally.  Additional factors that
could cause SunTrust’s results to differ materially from those described in the forward-looking statements
can be found in SunTrust’s 2004 Annual Report on Form 10-K, and in the Quarterly Reports on Form 10-Q
and 10-Q/A of SunTrust and NCF filed with the Securities and Exchange Commission and available at the
Securities and Exchange Commission’s internet site (http://www.sec.gov).  The forward-looking statements
in this presentation speak only as of the date of the filing, and SunTrust does not assume any obligation to
update the forward-looking statements or to update the reasons why actual results could differ from those
contained in the forward-looking statements.
This presentation includes some non-GAAP measures to describe SunTrust’s performance.  The
reconciliation of those measures to GAAP measures can be found in the appendix of this presentation, as
well as in SunTrust’s earnings press releases, which can be found on SunTrust’s website in the news section
of the investor relations pages.
2

SunTrust Overview
7 th largest commercial banking
organization in the U.S. with $180
billion in assets
We believe the National Commerce
transaction made the “Best Footprint
in Banking” even better  
1,657 full service branches including
in-store branches and nearly 2,800
ATMs
2005-2010
Projected
Weighted
Average
Population
Growth
SunTrust Branches
National Commerce Branches
1
1 Source: SNL Financial.  Note: the data reflects the 25 U.S. banks and thrifts by assets as
   of December 31, 2005.  Weighted average population growth is based on MSA deposits
   pro forma for pending and completed acquisitions.
3

SunTrust Transformation
2005 and beyond
1998/99
Focused on
efficiency,
ability to
deliver
common  
customer
experience
Implemented
series of
operational
initiatives and
common
systems
platform
Implemented sales
strategy referred to
as S 3 + E 2 = Selling,
Serving, Sustaining
client relationships
through Excellence
in Execution
Placed highest
priority on sales,
cross LOB referrals
& client retention
Established high
performance
standards for LOB’s
and geographic units
Introduced
new
geographic
structure and
operating
model
Aligned top
talent to key
leadership
positions
Intensified
local market,
client and
sales focus
Extended
footprint into
key growth
markets with
Crestar
merger
Collapsed 28
bank
charters
Streamlined
functional
organization
Implemented
new revenue
initiatives in
key
businesses
Created
process
efficiencies
and
consistency
in key
business
lines
Enhanced
Franchise
One
Bank
Take the
Lead
Profit
Acceleration
Sales Culture
Transformation
4

Operating Model Differentiation
LOB’s design business and
product strategies with direct
feedback from the geographic
partners
Geographic partners are led by
regional leaders who have solid
line reporting relationships
with the local Retail,
Commercial and Wealth &
Investment Management
 heads.  They are empowered to
deliver services, products and
pricing to local customers
Our specialty businesses that
are centrally managed
 effectively use this same
geographic power in our
footprint (e.g., mortgage)
Focused on delivering the
whole institution to customers
on an integrated basis
Key to SunTrust’s on-going
success
        Mid-Atlantic
        Carolinas
        Central
        Florida
5

Invested in, and optimized , 
the Retail Delivery
Networks
2005 LOB Accomplishments
Streamlined consumer
products and increased
the focus on service quality
at branch locations
New personal checking account sales
up 21%
Successful CD campaign helped drive
a 157% increase in new CD/IRA
accounts
Key Initiatives
Results 1
1   Includes only legacy SunTrust data for 2005 as compared to 2004. New account sales include both legacy SunTrust and NCF.
New business checking account sales
up 53%
New business banking loan production
up 23%
Business banking deposits up 15% 
and loans up 9%
New Home Equity production
increased 31%
Improvements have increased speed
 31%
Opened 75 branches
Upgraded ATMs
Enhanced Online Banking
Built a world class Home
Equity Business and
invested in technology and
process improvements
Launched products and
initiatives to enhance the
business banking  client
experience
Retail
Loans                            +10%
Deposits                           +7%
Execution 1
6

Independent research results through
2004:
Hold a #1 or #2 ranking for lead
relationships among companies with
$5MM - $250MM in revenue in 80%
of the Company’s geographic
markets
From 2000 to 2004 increased lead
relationships by 60% in the middle
market commercial segment
Accelerated speed new products are
rolled out to market
Capital Markets fees up 64%
Wealth & Investment Management
fees up 17%
2005 LOB Accomplishments
Key Initiatives
Adopted sales
management process 
and installed new
technology to support the
operating model
Sustained market share
gains through our strategy
of relationship planning
and use of strategic
reviews for key client
segments
Implemented Treasury
Management product,
sales and service
 enhancements
Commercial
¹ Includes only legacy SunTrust data for 2005 as compared to 2004.
Loans                               +9%
Deposits                             +9%
Results 1
Execution 1
7

2005 LOB Accomplishments
Drove the cross-sell of
Capital Markets products
to the Commercial,
Wealth & Investment
Management and
Corporate Banking client
bases
Invested in Debt
Capital Markets
product capabilities ,
both new and existing
Focused initiative to
enhance risk adjusted
returns of corporate
clients
Delivered ‘best in   
class’ credit   
performance
Capital Markets Revenue cross-sold to:
Corporate Banking clients = $192 MM, up      
$31 MM or 19%
Commercial clients = $61 MM, up $23 MM or
 64%
Wealth & Investment Management clients =
$17 MM, up $8 MM or 99%
Increased product specialists
Debt Capital Markets Revenue = $322 MM,
up $53 MM or 20%
Corporate Banking’s economic profit for
2005 increased 14%
Non-accrual loans = $15 MM, down $40
MM or 73%. Represents 0.1% of total loans
Net charge-offs = $15 MM, down $2 MM or
12%.  Net charge-off ratio was 0.10%
Corporate and Investment Banking
Key Initiatives
Loans                            +11%
Deposits                           +4%
1   Includes only legacy SunTrust data for 2005 as compared to 2004.
Results 1
Execution 1
8

2005 LOB Accomplishments
Rolled out and implemented
new client management
operating model in Private
Wealth Management
Continued to ensure our
 offerings of products and
services exceeds those of
our competitors
Implemented initiatives which
 increased penetration into
existing STI client base
Integrated NCF and First
Mercantile into business units,
 expanding opportunities for
cross selling
Institutional new trust business
up 31%
Capital Markets referral $ up
 176%
Discretionary assets under
management increased 7%
 12/31/05 over 12/31/04
Brokerage assets increased
 27% 12/31/05 over 12/31/04
Personal Trust retention
improved by 15%
Wealth & Investment Management
Key Initiatives
¹ Includes only legacy SunTrust data for 2005 as compared to 2004.
Loans                            +14%
Deposits                         +15%
Results 1
Execution 1
9

Total cross-sold products up
 172%, an increase of over
61,000 products sold over the
same period in 2004
2005 LOB Accomplishments
Grow Market Share
Grow purchase originations 
faster than peer average
Increased the size of the
mortgage sales force
Opened 51 new offices to
 expand national footprint to
176 total Retail offices and 19
total Wholesale offices
Strong emphasis on Mortgage
cross-sell   program
Focused on home equity,
deposit, credit/debit card
and other consumer
products
Over $66 billion in total
applications, up 45% over 2004
Over $40 billion in purchase
applications, up 51%
$45 billion in total closings, up
 49% over 2004
Over $26 billion in purchase
closings, up 54%
Key Initiatives
Mortgage
Loans                            +31%
¹ Includes only legacy SunTrust data for 2005 as compared to 2004.
Results 1
Execution 1
10

360 o Relationship Focus
Retail referred $3.7 billion in closed
Mortgages – up over 52%, and made 
80,000 referrals to Wealth & Investment
Management 1
Commercial generated $61.9 million in
Capital Markets fees – up 67% 2
Mortgage cross-sold nearly 97,000 total
products – up 172% 1
Wealth & Investment Management
 made 28,000 referrals to Retail 2
Cross-LOB Referrals Driving Revenue Growth
1 STI legacy only vs 2004.
2 Includes NCF.
CIB
Wealth
&
Invest
Mgmt
Retail
Cmml
Mortgage
SunTrust
Customer
2005
11

Initiatives Driving Improved Results
Operating Model Well
Established
Sales Culture Firmly in
Place
Sales, Cross-sales and
Retention Initiatives
Producing Meaningful
Impact
Improved Financial Results
12

1 Deposits = Consumer and Commercial Deposits.
Loan and Deposit Growth 1
($ in millions)
13

3.25%
(1)
1    NCF added 9 b.p., organic margin improved 1 b.p. from 3Q 04.
(2)
3.21%
2    Day count added 4 b.p., organic margin was flat from 4Q 04.
Net Interest Margin Trend
Net interest margin has been relatively stable over a two-year horizon
14

Net Interest Margin Compared to Peers
*  Peers include Amsouth, Bank of America, BB&T, Comerica, Fifth Third, First Horizon, Keycorp, M&T Bank, Mellon, National City, Northern Trust, PNC,
    Regions, US Bancorp, Wachovia and Wells Fargo.  Numbers presented for peers are averages.
    Source: SNL Financial
Relatively stable NIM over the two-year horizon has brought SunTrust closer to the peer group
15

NCOs/Average Loans Compared to Peers
*  Peers include AmSouth, Bank of America, BB&T, Comerica, Fifth Third, First Horizon, Keycorp, M&T Bank, Mellon, National City, Northern Trust, PNC, Regions,
    US Bancorp, Wachovia and Wells Fargo.  Numbers presented for peers are averages.
    Source: SNL Financial
Net charge-offs continue to compare favorably vs. peer group average
Change in bankruptcy
laws in Q4 negatively
impacted peer group,
but had insignificant
effect on SunTrust
16

Fee Income Growth
Deposits and Other Fees
Trust and Investment Mgmt.
Broker Dealer Revenue
Other Noninterest Income
Noninterest Income
($ in thousands)
$1,439,779
673,720
567,438
450,394
$3,131,331
$1,403,103
635,197
599,155
354,375
$2,991,830
$36,676
38,523
(31,717)
96,019
$139,501
2005
$ Growth
2004
(Estimated Historical
Combined)
3%
  6%
(5)%
27%
5%
% Growth
4   Noninterest Income excludes securities gains/(losses) and net gain on sale of RCM assets.
1
2
4
2   Includes retail investment services, investment banking income and trading account profits and commissions.
1   Includes service charges on deposits, card fees and other charges and fees.
Total noninterest income increased 5% over 2004
3   The increase in other noninterest income was largely driven by an increase in mortgage related fees.
3
17

1   Based on estimated historical combined numbers.
2   SunTrust presents total revenue excluding realized securities gains/losses and the net gain on sale of RCM assets for 2005.
3 Core expense growth excludes merger related expenses, amortization of intangibles and impairment charge on Affordable Housing Properties.
Operating Leverage
Core Expense Growth
Core Revenue Growth
   4
  6%
2
Annual Growth Trends
15
15%
3
Concerted effort to improve operating leverage is paying off
2004
2005
   6
   4%
2003
1
     7
    3%
2002
Achieved Positive
Operating Leverage
18

Excluding merger related expenses and the impact of net gain on sale of RCM aasets for 2005.
Focus on Efficiency
Positive operating leverage drove operating efficiency ratio improvement over 2004
19

1    EPS as originally reported and adjusted for stock splits.  There are no adjustments for merger pooling.
2   CAGR based on GAAP EPS excluding merger-related charges.
GAAP EPS
EPS (1)
Reduction in EPS due to merger-related charges
CAGR (2) = 10.0%
CAGR (2) = (0.6)%
CAGR (2) = 9.0%
EPS Growth Back on Track in 2005
EPS growth back in line with the long-term trend despite the dilution effect from the NCF merger
20

Improving EPS Trends 1
Strong operating trends translating into quarterly EPS growth despite dilution
1 EPS excludes after-tax merger expense.  Reconcilement of reported EPS to operating EPS is contained in the appendix.   
1.37
The impact of net gain on sale of RCM assets
21

Line of Business Goals
Leverage merger to capture market share
Grow branch network, emphasis on in-store
opportunities
Improve partnership between business banking
and other LOBs to ensure proper client
segmentation, enhance service and improve retention
Capitalize on
opportunities in legacy
NCF footprint to grow
diversified commercial, auto
dealer, middle market and
institutional/government
segments
Make significant
investments in Treasury
Management products,
sales and service to
 capture emerging
opportunities in the
payments business
GOALS
Continue to enhance
capital markets sales into
Commercial and Wealth &
Investment Management client
base
Invest in developing new
and existing Debt Capital
Market product
capabilities
Aggressively expand and
retain share of emerging wealth
segments
Integrate successful private
banking units into private wealth
management for a more
 comprehensive approach
Integrate Alexander Key and
SunTrust Securities into SunTrust
Investment Services to leverage
broker platform and achieve
efficiencies
Partner with Retail to
 improve
penetration
Continue to
 strengthen
product offerings 
 and distribution
capabilities
22

Long Term Growth Initiatives
23

SunTrust Today
Our foundation is firmly in place :
Fully functioning operating model with clear allocation of responsibilities
Key components of sales organization in place:  frequent sales meetings,
sales and referral goals and linked incentives
We have clear strategy and focused initiatives to drive performance:
Deliver “Big Bank” capabilities with local decision making and
responsiveness
Focus on customer acquisition and retention
Drive cross-LOB referrals
Key initiatives are generating tangible results
Capitalizing on opportunities provided by the National Commerce
Financial merger
24

25

APPENDIX
26

Average Loan Growth                                
Commercial
Mortgages
RE Commercial and Construction
Real Estate Equity
Consumer
Other
Total Loans
($ in millions)
$774
7,432
4,338
2,052
(1,032)
126
$13,690
$32,223
22,461
18,602
11,016
15,369
467
$100,138
$32,997
29,893
22,940
13,068
14,337
593
$113,828
2.4%
33.1%
23.3%
18.6%
(6.7)%
27.0%
13.7%
4Q 2005
$ Growth
4Q 2004
% Growth
27

Average Consumer and Commercial Deposit Growth
                                 
DDA
NOW
MMA
Savings
Consumer Time
Total Consumer and
Commercial Deposits
$511
70
1,291
(2,666)
5,451
$4,657
$24,182
16,941
24,507
8,139
16,832
$90,601
$24,693
17,011
25,798
5,473
22,282
$95,257
2.1%
0.4%
5.3%
(32.8)%
32.4%
5.1%
($ in millions)
4Q 2005
$ Growth
4Q 2004
% Growth
28

Net Charge-offs
Net Charge-offs to Avg.
Loans
NPAs
NPAs to
Loans/OREO/Other repo
Allowance for loan
losses
Allowance to Non-
performing loans
Allowance to Charge-
offs (Years Coverage)
4Q 2005
4Q 2004
3Q 2005
$76,711
0.27%
$362,737
0.32%
$1,029,855
312.4%
3.4
$49,853
0.17%
$334,215
0.29%
$1,028,128
346.9%
5.2
$53,893
0.21%
$410,658
0.40%
$1,050,024
281.3%
4.9
$35,384
0.13%
$380,303
0.35%
$1,036,173
296.7%
7.3
2Q 2005
($ in thousands)
1Q 2005
$36,834
0.14%
$392,345
0.37%
$1,023,746
286.7%
6.9
Strong Credit Quality
29
SunTrust Banks, Inc. and Subsidiaries
RECONCILEMENT OF NON-GAAP MEASURES
APPENDIX A
(Dollars in thousands)

																															
 		Three Months Ended		Twelve Months Ended	
 		December 31
2005		September 30
2005		June 30
2005		March 31
2005		December 31
2004		December 31	
												2005		2004	
NON-GAAP MEASURES PRESENTED		 	 	 		 	 	 		 	 	 		 	 	 		 	 	 		 	 	 		 	 	 	
Net income		$	513,806	 		$	510,774	 		$	465,700	 		$	492,294	 		$	455,729	 		$	1,982,574	 		$	1,572,901	 	
Securities (gains)/losses, net of tax		 	(372	) 		 	1,283	 		 	17	 		 	3,509	 		 	12,595	 		 	4,436	 		 	27,099	 	
Net income excluding securities gains and losses		 	513,434	 		 	512,057	 		 	465,717	 		 	495,803	 		 	468,324	 		 	1,987,010	 		 	1,600,000	 	
The Coca-Cola Company dividend, net of tax		 	(12,027	) 		 	(12,028	) 		 	(12,027	) 		 	(12,028	) 		 	(10,739	) 		 	(48,112	) 		 	(42,957	) 	
Net income excluding securities (gains)/losses and The Coca-Cola Company dividend		$	501,407	 		$	500,029	 		$	453,690	 		$	483,775	 		$	457,585	 		$	1,938,898	 		$	1,557,043	 	
Total average assets		$	175,769,140	 		$	169,933,960	 		$	165,253,589	 		$	161,218,222	 		$	156,570,092	 		$	168,088,771	 		$	133,754,293	 	
Average net unrealized securities gains		 	(1,871,230	) 		 	(2,102,257	) 		 	(1,791,566	) 		 	(2,032,787	) 		 	(2,056,737	) 		 	(1,949,436	) 		 	(2,372,246	) 	
Average assets less net unrealized securities gains		$	173,897,910	 		$	167,831,703	 		$	163,462,023	 		$	159,185,435	 		$	154,513,355	 		$	166,139,335	 		$	131,382,047	 	
Total average equity		$	16,875,645	 		$	16,822,919	 		$	16,275,567	 		$	16,119,430	 		$	15,818,968	 		$	16,526,282	 		$	11,469,482	 	
Average accumulated other comprehensive income		 	(1,126,701	) 		 	(1,331,103	) 		 	(1,139,477	) 		 	(1,285,278	) 		 	(1,304,553	) 		 	(1,220,508	) 		 	(1,517,227	) 	
Total average realized equity		$	15,748,944	 		$	15,491,816	 		$	15,136,090	 		$	14,834,152	 		$	14,514,415	 		$	15,305,774	 		$	9,952,255	 	
Return on average total assets		 	1.16	% 		 	1.19	% 		 	1.13	% 		 	1.24	% 		 	1.16	% 		 	1.18	% 		 	1.18	% 	
Impact of excluding net realized and unrealized securities gains/losses and The Coca-Cola Company dividend		 	(0.02	) 		 	(0.01	) 		 	(0.02	) 		 	(0.01	) 		 	0.02	 		 	(0.01	) 		 	0.01	 	
Return on average total assets less net unrealized securities gains 1		 	1.14	% 		 	1.18	% 		 	1.11	% 		 	1.23	% 		 	1.18	% 		 	1.17	% 		 	1.19	% 	
Return on average total shareholders' equity		 	12.08	% 		 	12.05	% 		 	11.48	% 		 	12.39	% 		 	11.46	% 		 	12.00	% 		 	13.71	% 	
Impact of excluding net realized and unrealized securities gains/ losses and The Coca-Cola Company dividend		 	0.55	 		 	0.76	 		 	0.54	 		 	0.84	 		 	1.08	 		 	0.67	 		 	1.94	 	
Return on average realized shareholders' equity 2		 	12.63	% 		 	12.81	% 		 	12.02	% 		 	13.23	% 		 	12.54	% 		 	12.67	% 		 	15.65	% 	
Noninterest income		$	790,437	 		$	832,398	 		$	770,909	 		$	753,814	 		$	759,003	 		$	3,147,558	 		$	2,604,446	 	
Securities (gains)/losses		 	(600	) 		 	2,069	 		 	27	 		 	5,659	 		 	19,377	 		 	7,155	 		 	41,691	 	
Gain on sale of RCM assets, net of related expenses		 	—	 		 	(3,508	) 		 	—	 		 	(19,874	) 		 	—	 		 	(23,382	) 		 	—	 	
Total noninterest income excluding securities (gains)/losses and net gain on sale of RCM assets 3		$	789,837	 		$	830,959	 		$	770,936	 		$	739,599	 		$	778,380	 		$	3,131,331	 		$	2,646,137	 	
Net interest income		$	1,187,036	 		$	1,156,661	 		$	1,123,709	 		$	1,111,560	 		$	1,084,204	 		$	4,578,966	 		$	3,685,155	 	
FTE adjustment		 	20,025	 		 	19,081	 		 	18,720	 		 	17,666	 		 	16,684	 		 	75,492	 		 	58,398	 	
Net interest income — FTE		 	1,207,061	 		 	1,175,742	 		 	1,142,429	 		 	1,129,226	 		 	1,100,888	 		 	4,654,458	 		 	3,743,553	 	
Noninterest income		 	790,437	 		 	832,398	 		 	770,909	 		 	753,814	 		 	759,003	 		 	3,147,558	 		 	2,604,446	 	
Total revenue		 	1,997,498	 		 	2,008,140	 		 	1,913,338	 		 	1,883,040	 		 	1,859,891	 		 	7,802,016	 		 	6,347,999	 	
Securities (gains)/losses		 	(600	) 		 	2,069	 		 	27	 		 	5,659	 		 	19,377	 		 	7,155	 		 	41,691	 	
Gain on sale of RCM assets, net of related expenses		 	—	 		 	(3,508	) 		 	—	 		 	(19,874	) 		 	—	 		 	(23,382	) 		 	—	 	
Total revenue excluding securities (gains)/losses and net gain on sale of RCM assets 3		$	1,996,898	 		$	2,006,701	 		$	1,913,365	 		$	1,868,825	 		$	1,879,268	 		$	7,785,789	 		$	6,389,690	 	
 		Three Months Ended		 	
 		December 31
2005		September 30
2005		% 4
Change		December 31
2005		December 31
2004		%
Change		 	
AVERAGE LOW COST CONSUMER AND COMMERCIAL DEPOSIT RECONCILEMENT		 	 	 		 	 	 		 	 	 		 	 	 		 	 	 		 	 	 		 	 	 	
Noninterest bearing deposits		$	24,693,026	 		$	24,521,452	 		 	0.7	 		$	24,693,026	 		$	24,181,729	 		 	2.1	 		 	 	 	
NOW accounts		 	17,011,346	 		 	16,853,139	 		 	0.9	 		 	17,011,346	 		 	16,940,751	 		 	0.4	 		 	 	 	
Savings		 	5,472,928	 		 	5,865,099	 		 	(6.7	) 		 	5,472,928	 		 	8,139,263	 		 	(32.8	) 		 	 	 	
Total average low cost consumer and commercial deposits		$	47,177,300	 		$	47,239,690	 		 	(0.1	) 		$	47,177,300	 		$	49,261,743	 		 	(4.2	) 		 	 	 	

		
1	SunTrust presents a return on average assets less net unrealized gains on securities. The foregoing numbers reflect primarily adjustments to remove the effects of the Company's securities portfolio which includes the ownership by the Company of 48.3 million 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, by average assets less net unrealized securities gains.	
		
2	The Company also believes that the return on average realized equity is more indicative of the Company's return on equity because the excluded equity relates primarily to a long term holding of a specific security. The return on average realized shareholders' equity is computed by dividing annualized net income, excluding securities gains/losses and The Coca-Cola Company dividend, by average realized shareholders' equity.	
		
3	SunTrust presents total noninterest income and total revenue excluding realized securities gains/losses and the net gain on the sale of RCM assets. The Company believes total noninterest income and total revenue without securities gains/losses is more indicative of the Company's performance because it isolates income that is primarily customer relationship and customer transaction driven. SunTrust further excludes the net gain on the sale of RCM assets because the Company believes the exclusion of the net gain is more indicative of normalized operations.	
		
4	Multiply by 4 to calculate sequential annualized growth or reductions discussed in the earnings call.	

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

																							
 		Three Months Ended		Twelve Months Ended	
 		December 31
2005		September 30
2005		December 31
2004		December 31
2005		December 31
2004	
SELECTED NON-GAAP MEASURES PRESENTED 1		 	 	 		 	 	 		 	 	 		 	 	 		 	 	 	
Net income		$	513,806	 		$	510,774	 		$	455,729	 		$	1,982,574	 		$	1,572,901	 	
Merger expense, net of tax		 	4,053	 		 	7,505	 		 	18,461	 		 	61,158	 		 	18,461	 	
Net income excluding merger expense		 	517,859	 		 	518,279	 		 	474,190	 		 	2,043,732	 		 	1,591,362	 	
Net gain on sale of RCM assets, net of tax		 	—	 		 	(2,175	) 		 	—	 		 	(14,497	) 		 	—	 	
Net income excluding merger expense and net gain on sale of RCM assets		$	517,859	 		$	516,104	 		$	474,190	 		$	2,029,235	 		$	1,591,362	 	
Diluted earnings per share		$	1.41	 		$	1.40	 		$	1.26	 		$	5.45	 		$	5.19	 	
Impact of excluding merger expense		 	0.02	 		 	0.02	 		 	0.05	 		 	0.17	 		 	0.06	 	
Diluted earnings per share excluding merger expense		 	1.43	 		 	1.42	 		 	1.31	 		 	5.62	 		 	5.25	 	
Impact of net gain on sale of RCM assets		 	—	 		 	—	 		 	—	 		 	(0.04	) 		 	—	 	
Diluted earnings per share excluding merger expense and net gain on sale of RCM assets		$	1.43	 		$	1.42	 		$	1.31	 		$	5.58	 		$	5.25	 	
Total revenue		$	1,997,498	 		$	2,008,140	 		$	1,859,891	 		$	7,802,016	 		$	6,347,999	 	
Securities (gains)/losses		 	(600	) 		 	2,069	 		 	19,377	 		 	7,155	 		 	41,691	 	
Net gain on sale of RCM assets		 	—	 		 	(3,508	) 		 	—	 		 	(23,382	) 		 	—	 	
Total revenue excluding securities (gains)/losses and net gain on sale of RCM assets		$	1,996,898	 		$	2,006,701	 		$	1,879,268	 		$	7,785,789	 		$	6,389,690	 	
Noninterest income		$	790,437	 		$	832,398	 		$	759,003	 		$	3,147,558	 		$	2,604,446	 	
Net gain on sale of RCM assets		 	—	 		 	(3,508	) 		 	—	 		 	(23,382	) 		 	—	 	
Noninterest income excluding net gain on sale of RCM assets		$	790,437	 		$	828,890	 		$	759,003	 		$	3,124,176	 		$	2,604,446	 	
Noninterest expense		$	1,206,927	 		$	1,177,071	 		$	1,148,992	 		$	4,690,729	 		$	3,897,038	 	
Merger expense		 	(6,538	) 		 	(12,104	) 		 	(28,401	) 		 	(98,642	) 		 	(28,401	) 	
Noninterest expense excluding merger expense		$	1,200,389	 		$	1,164,967	 		$	1,120,591	 		$	4,592,087	 		$	3,868,637	 	
Efficiency ratio		 	60.42	% 		 	58.62	% 		 	61.78	% 		 	60.12	% 		 	61.39	% 	
Impact of excluding merger expense		 	(0.33	) 		 	(0.61	) 		 	(1.53	) 		 	(1.26	) 		 	(0.45	) 	
Efficiency ratio excluding merger expense		 	60.09	 		 	58.01	 		 	60.25	 		 	58.86	 		 	60.94	 	
Impact of net gain on sale of RCM assets		 	—	 		 	0.10	 		 	—	 		 	0.17	 		 	—	 	
Efficiency ratio excluding merger expense and net gain on sale of RCM assets		 	60.09	% 		 	58.11	% 		 	60.25	% 		 	59.03	% 		 	60.94	% 	
Return on average total assets		 	1.16	% 		 	1.19	% 		 	1.16	% 		 	1.18	% 		 	1.18	% 	
Impact of excluding merger expense		 	0.01	 		 	0.02	 		 	0.04	 		 	0.04	 		 	0.01	 	
Return on average total assets excluding merger expense 2		 	1.17	% 		 	1.21	% 		 	1.20	% 		 	1.22	% 		 	1.19	% 	
Return on average total shareholders' equity		 	12.08	% 		 	12.05	% 		 	11.46	% 		 	12.00	% 		 	13.71	% 	
Impact of excluding merger expense		 	0.09	 		 	0.17	 		 	0.47	 		 	0.37	 		 	0.16	 	
Return on average total shareholders' equity excluding merger expense 3		 	12.17	% 		 	12.22	% 		 	11.93	% 		 	12.37	% 		 	13.87	% 	

		
1	SunTrust presents selected financial data on a basis that excludes merger expense, which represent incremental costs to integrate the operations of National Commerce Financial (‘‘NCF’’). The Company also presents selected financial data that further excludes the net gain related to the sale of RCM assets. The Company believes the exclusion of these two measures is more reflective of normalized operations.	

		
2	Computed by dividing annualized net income excluding merger expense by average total assets.	
		
3	Computed by dividing annualized net income excluding merger expense by average total shareholders' equity.	

SunTrust Banks, Inc. and Subsidiaries
QUARTER-TO-QUARTER COMPARISON — ACTUAL
APPENDIX B

																																							
 		Three Months Ended	
 		December 31
2005		September 30
2005		Increase/
(Decrease)		Sequential
Annualized 1 %		December 31
2005		December 31
2004		Increase/
(Decrease)	
						Amount		%								Amount		%	
STATEMENTS OF INCOME (Dollars in thousands)		 	 	 		 	 	 		 	 	 		 	 	 		 	 	 		 	 	 		 	 	 	
NET INTEREST INCOME		$	1,187,036	 		$	1,156,661	 		$	30,375	 		 	2.6	% 		 	10.5	% 		$	1,187,036	 		$	1,084,204	 		$	102,832	 		 	9.5	% 	
Provision for loan losses		 	48,126	 		 	70,393	 		 	(22,267	) 		 	(31.6	) 		 	NM	 		 	48,126	 		 	37,099	 		 	11,027	 		 	29.7	 	
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES		 	1,138,910	 		 	1,086,268	 		 	52,642	 		 	4.8	 		 	19.4	 		 	1,138,910	 		 	1,047,105	 		 	91,805	 		 	8.8	 	
NONINTEREST INCOME 		 	 	 		 	 	 		 	 	 		 	 	 		 	 	 		 	 	 		 	 	 	
Deposit and other fees 2		 	369,987	 		 	368,613	 		 	1,374	 		 	0.4	 		 	1.5	 		 	369,987	 		 	356,777	 		 	13,210	 		 	3.7	 	
Trust and investment management income		 	172,900	 		 	168,802	 		 	4,098	 		 	2.4	 		 	9.7	 		 	172,900	 		 	160,526	 		 	12,374	 		 	7.7	 	
Broker / dealer revenue 3		 	132,909	 		 	147,184	 		 	(14,275	) 		 	(9.7	) 		 	(38.8	) 		 	132,909	 		 	158,888	 		 	(25,979	) 		 	(16.4	) 	
Other noninterest income		 	114,041	 		 	146,360	 		 	(32,319	) 		 	(22.1	) 		 	(88.3	) 		 	114,041	 		 	102,189	 		 	11,852	 		 	11.6	 	
Noninterest income before securities gains/(losses) and net gain on sale of RCM assets 4		 	789,837	 		 	830,959	 		 	(41,122	) 		 	(4.9	) 		 	(19.8	) 		 	789,837	 		 	778,380	 		 	11,457	 		 	1.5	 	
Gain on sale of RCM assets, net of related expenses		 	—	 		 	3,508	 		 	(3,508	) 		 	(100.0	) 		 	NM	 		 	—	 		 	—	 		 	—	 		 	—	 	
Noninterest income before securities gains/(losses)		 	789,837	 		 	834,467	 		 	(44,630	) 		 	(5.3	) 		 	(21.4	) 		 	789,837	 		 	778,380	 		 	11,457	 		 	1.5	 	
Securities gains/(losses)		 	600	 		 	(2,069	) 		 	2,669	 		 	(129.0	) 		 	NM	 		 	600	 		 	(19,377	) 		 	19,977	 		 	(103.1	) 	
Total noninterest income		 	790,437	 		 	832,398	 		 	(41,961	) 		 	(5.0	) 		 	(20.2	) 		 	790,437	 		 	759,003	 		 	31,434	 		 	4.1	 	
NONINTEREST EXPENSE		 	 	 		 	 	 		 	 	 		 	 	 		 	 	 		 	 	 		 	 	 	
Personnel expense		 	643,801	 		 	632,333	 		 	11,468	 		 	1.8	 		 	7.3	 		 	643,801	 		 	612,861	 		 	30,940	 		 	5.0	 	
Net occupancy expense		 	83,217	 		 	79,519	 		 	3,698	 		 	4.7	 		 	18.6	 		 	83,217	 		 	78,218	 		 	4,999	 		 	6.4	 	
Outside processing and software		 	92,305	 		 	92,952	 		 	(647	) 		 	(0.7	) 		 	(2.8	) 		 	92,305	 		 	81,368	 		 	10,937	 		 	13.4	 	
Equipment expense		 	49,494	 		 	50,083	 		 	(589	) 		 	(1.2	) 		 	(4.7	) 		 	49,494	 		 	50,765	 		 	(1,271	) 		 	(2.5	) 	
Marketing and customer development		 	50,133	 		 	38,651	 		 	11,482	 		 	29.7	 		 	NM	 		 	50,133	 		 	34,389	 		 	15,744	 		 	45.8	 	
Other noninterest expense		 	245,197	 		 	216,020	 		 	29,177	 		 	13.5	 		 	54.0	 		 	245,197	 		 	231,231	 		 	13,966	 		 	6.0	 	
Noninterest expense before Affordable Housing impairment charge, amortization of intangible assets and merger expense 5		 	1,164,147	 		 	1,109,558	 		 	54,589	 		 	4.9	 		 	19.7	 		 	1,164,147	 		 	1,088,832	 		 	75,315	 		 	6.9	 	
Impairment charge on Affordable Housing Properties		 	8,050	 		 	25,672	 		 	(17,622	) 		 	(68.6	) 		 	NM	 		 	8,050	 		 	—	 		 	8,050	 		 	100.0	 	
Amortization of intangible assets		 	28,192	 		 	29,737	 		 	(1,545	) 		 	(5.2	) 		 	(20.8	) 		 	28,192	 		 	31,759	 		 	(3,567	) 		 	(11.2	) 	
Merger expense		 	6,538	 		 	12,104	 		 	(5,566	) 		 	(46.0	) 		 	NM	 		 	6,538	 		 	28,401	 		 	(21,863	) 		 	(77.0	) 	
Total noninterest expense		 	1,206,927	 		 	1,177,071	 		 	29,856	 		 	2.5	 		 	10.1	 		 	1,206,927	 		 	1,148,992	 		 	57,935	 		 	5.0	 	
INCOME BEFORE INCOME TAXES		 	722,420	 		 	741,595	 		 	(19,175	) 		 	(2.6	) 		 	(10.3	) 		 	722,420	 		 	657,116	 		 	65,304	 		 	9.9	 	
Provision for income taxes		 	208,614	 		 	230,821	 		 	(22,207	) 		 	(9.6	) 		 	(38.5	) 		 	208,614	 		 	201,387	 		 	7,227	 		 	3.6	 	
NET INCOME		 	513,806	 		 	510,774	 		 	3,032	 		 	0.6	 		 	2.4	 		 	513,806	 		 	455,729	 		 	58,077	 		 	12.7	 	
Merger expense, net of tax		 	4,053	 		 	7,505	 		 	(3,452	) 		 	(46.0	) 		 	NM	 		 	4,053	 		 	18,461	 		 	(14,408	) 		 	(78.0	) 	
NET INCOME EXCLUDING MERGER EXPENSE		 	517,859	 		 	518,279	 		 	(420	) 		 	(0.1	) 		 	(0.3	) 		 	517,859	 		 	474,190	 		 	43,669	 		 	9.2	 	
Net gain on sale of RCM assets, net of tax		 	—	 		 	(2,175	) 		 	2,175	 		 	(100.0	) 		 	NM	 		 	—	 		 	—	 		 	—	 		 	—	 	
NET INCOME EXCLUDING MERGER EXPENSE AND NET GAIN ON SALE OF RCM ASSETS		$	517,859	 		$	516,104	 		$	1,755	 		 	0.3	% 		 	1.4	% 		$	517,859	 		$	474,190	 		$	43,669	 		 	9.2	% 	
REVENUE (Dollars in thousands)		 	 	 		 	 	 		 	 	 		 	 	 		 	 	 		 	 	 		 	 	 	
Net interest income		$	1,187,036	 		$	1,156,661	 		$	30,375	 		 	2.6	% 		 	10.5	% 		$	1,187,036	 		$	1,084,204	 		$	102,832	 		 	9.5	% 	
FTE adjustment		 	20,025	 		 	19,081	 		 	944	 		 	4.9	 		 	19.8	 		 	20,025	 		 	16,684	 		 	3,341	 		 	20.0	 	
Net interest income — FTE		 	1,207,061	 		 	1,175,742	 		 	31,319	 		 	2.7	 		 	10.7	 		 	1,207,061	 		 	1,100,888	 		 	106,173	 		 	9.6	 	

																																							
 		Three Months Ended	
 		December 31
2005		September 30
2005		Increase/
(Decrease)		Sequential
Annualized 1 %		December 31
2005		December 31
2004		Increase/
(Decrease)	
						Amount		%								Amount		%	
Noninterest income		 	790,437	 		 	832,398	 		 	(41,961	) 		 	(5.0	) 		 	(20.2	) 		 	790,437	 		 	759,003	 		 	31,434	 		 	4.1	 	
Total revenue		 	1,997,498	 		 	2,008,140	 		 	(10,642	) 		 	(0.5	) 		 	(2.1	) 		 	1,997,498	 		 	1,859,891	 		 	137,607	 		 	7.4	 	
Securities (gains)/losses		 	(600	) 		 	2,069	 		 	(2,669	) 		 	(129.0	) 		 	NM	 		 	(600	) 		 	19,377	 		 	(19,977	) 		 	(103.1	) 	
Net gain on sale of RCM assets		 	—	 		 	(3,508	) 		 	3,508	 		 	(100.0	) 		 	NM	 		 	—	 		 	—	 		 	—	 		 	—	 	
Total revenue excluding securities gains/losses and net gain on sale of RCM assets 		$	1,996,898	 		$	2,006,701	 		 	($9,803	) 		 	(0.5	)% 		 	(2.0	)% 		$	1,996,898	 		$	1,879,268	 		$	117,630	 		 	6.3	% 	
SELECTED AVERAGE BALANCES (Dollars in millions)		 	 	 		 	 	 		 	 	 		 	 	 		 	 	 		 	 	 		 	 	 	
Average Loans 6		 	 	 		 	 	 		 	 	 		 	 	 		 	 	 		 	 	 		 	 	 	
Commercial		$	33,080	 		$	32,713	 		$	367	 		 	1.1	% 		 	4.5	% 		$	33,080	 		$	32,343	 		$	737	 		 	2.3	% 	
Real estate 1-4 family		 	30,014	 		 	28,366	 		 	1,648	 		 	5.8	 		 	23.2	 		 	30,014	 		 	22,535	 		 	7,479	 		 	33.2	 	
Real estate commercial and construction		 	23,021	 		 	22,484	 		 	537	 		 	2.4	 		 	9.5	 		 	23,021	 		 	18,660	 		 	4,361	 		 	23.4	 	
Real estate equity		 	13,068	 		 	12,649	 		 	419	 		 	3.3	 		 	13.2	 		 	13,068	 		 	11,016	 		 	2,052	 		 	18.6	 	
Consumer  7		 	14,373	 		 	14,382	 		 	(9	) 		 	(0.1	) 		 	(0.3	) 		 	14,373	 		 	15,390	 		 	(1,017	) 		 	(6.6	) 	
Credit cards		 	272	 		 	224	 		 	48	 		 	21.4	 		 	85.4	 		 	272	 		 	193	 		 	79	 		 	41.1	 	
Total loans		$	113,828	 		$	110,818	 		$	3,010	 		 	2.7	% 		 	10.9	% 		$	113,828	 		$	100,137	 		$	13,691	 		 	13.7	% 	
Average deposits		 	 	 		 	 	 		 	 	 		 	 	 		 	 	 		 	 	 		 	 	 	
Noninterest bearing deposits		$	24,693	 		$	24,522	 		$	171	 		 	0.7	% 		 	2.8	% 		$	24,693	 		$	24,182	 		$	511	 		 	2.1	% 	
NOW accounts		 	17,011	 		 	16,853	 		 	158	 		 	0.9	 		 	3.8	 		 	17,011	 		 	16,941	 		 	70	 		 	0.4	 	
Money market accounts		 	25,798	 		 	26,300	 		 	(502	) 		 	(1.9	) 		 	(7.6	) 		 	25,798	 		 	24,507	 		 	1,291	 		 	5.3	 	
Savings		 	5,473	 		 	5,865	 		 	(392	) 		 	(6.7	) 		 	(26.7	) 		 	5,473	 		 	8,139	 		 	(2,666	) 		 	(32.8	) 	
Consumer and other time		 	22,282	 		 	20,536	 		 	1,746	 		 	8.5	 		 	34.0	 		 	22,282	 		 	16,832	 		 	5,450	 		 	32.4	 	
Total consumer and commercial deposits		 	95,257	 		 	94,076	 		 	1,181	 		 	1.3	 		 	5.0	 		 	95,257	 		 	90,601	 		 	4,656	 		 	5.1	 	
Brokered and foreign deposits		 	21,010	 		 	17,969	 		 	3,041	 		 	16.9	 		 	67.7	 		 	21,010	 		 	10,671	 		 	10,339	 		 	96.9	 	
Total deposits		$	116,267	 		$	112,045	 		$	4,222	 		 	3.8	% 		 	15.1	% 		$	116,267	 		$	101,272	 		$	14,995	 		 	14.8	% 	
SELECTED CREDIT DATA (Dollars in thousands)		 	 	 		 	 	 		 	 	 		 	 	 		 	 	 		 	 	 		 	 	 	
Nonaccrual loans		$	271,974	 		$	307,788	 		 	($35,814	) 		 	(11.6	)% 		 	(46.5	)% 		$	271,974	 		$	354,241	 		 	($82,267	) 		 	(23.2	)% 	
Restructured loans		 	24,399	 		 	21,876	 		 	2,523	 		 	11.5	 		 	46.1	 		 	24,399	 		 	19,049	 		 	5,350	 		 	28.1	 	
Total nonperforming loans		 	296,373	 		 	329,664	 		 	(33,291	) 		 	(10.1	) 		 	(40.4	) 		 	296,373	 		 	373,290	 		 	(76,917	) 		 	(20.6	) 	
Other real estate owned (OREO)		 	30,682	 		 	26,013	 		 	4,669	 		 	18.0	 		 	71.8	 		 	30,682	 		 	28,619	 		 	2,063	 		 	7.2	 	
Other repossessed assets		 	7,160	 		 	7,060	 		 	100	 		 	1.4	 		 	5.6	 		 	7,160	 		 	8,749	 		 	(1,589	) 		 	(18.2	) 	
Total nonperforming assets		$	334,215	 		$	362,737	 		 	($28,522	) 		 	(7.9	)% 		 	(31.5	)% 		$	334,215	 		 	410,658	 		 	($76,443	) 		 	(18.6	)% 	
Allowance for loan and lease losses		$	1,028,128	 		$	1,029,855	 		 	($1,727	) 		 	(0.2	)% 		 	(0.7	)% 		$	1,028,128	 		$	1,050,024	 		 	($21,896	) 		 	(2.1	)% 	

		
1	Multiply percentage change by 4 to calculate sequential annualized change. Any sequential annualized change over 100 percent is labeled as ‘‘NM’’. Those changes over 100 percent were not considered to be meaningful.	
		
2	Includes service charges on deposits, card fees and other charges and fees.	
		
3	Includes retail investment services, investment banking income and trading account profits and commissions.	
		
4	SunTrust presents noninterest income before securities gains/(losses) and net gain on the sale of RCM assets. The Company believes noninterest income before securities gains/(losses) is more indicative of the Company's performance because it isolates income that is primarily customer relationship and customer transaction driven. SunTrust further excludes the net gain on the sale of RCM assets because the Company believes the exclusion of the net gain provides better comparability and is more indicative of normalized operations.	
		
5	The Company presents noninterest expense before an impairment charge on Affordable Housing Properties, amortization of intangible assets and merger expense. The Company believes the exclusion of these measures provides better comparability and is more reflective of normalized operations.	
		
6	SunTrust's average nonaccrual and restructured loans are included in the respective categories to conform to the NCF presentation.	
		
7	Includes consumer direct and consumer indirect loans.	

SunTrust Banks, Inc. and Subsidiaries
YEAR-TO-YEAR COMPARISON — HISTORICAL COMBINED GROWTH
APPENDIX B, continued
The year-to-date 2004 figures represent SunTrust and NCF on a historical combined basis.
See next page for a reconcilement of these historical combined amounts.

																			
 		HISTORICAL COMBINED	
  		Twelve Months Ended	
 		December 31		Increase/(Decrease)	
 		2005		2004		Amount		%	
STATEMENTS OF INCOME (Dollars in thousands) 		 	 	 		 	 	 		 	 	 		 	 	 	
NET INTEREST INCOME 		$	4,578,966	 		$	4,265,027	 		$	313,939	 		 	7.4	% 	
Provision for loan losses		 	176,886	 		 	179,514	 		 	(2,628	) 		 	(1.5	) 	
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES		 	4,402,080	 		 	4,085,513	 		 	316,567	 		 	7.7	 	
NONINTEREST INCOME		 	 	 		 	 	 		 	 	 		 	 	 	
Deposit and other fees 1   		 	1,439,779	 		 	1,403,103	 		 	36,676	 		 	2.6	 	
Trust and investment management income		 	673,720	 		 	635,197	 		 	38,523	 		 	6.1	 	
Broker / dealer revenue 2   		 	567,438	 		 	599,155	 		 	(31,717	) 		 	(5.3	) 	
Other noninterest income		 	450,394	 		 	354,375	 		 	96,019	 		 	27.1	 	
Noninterest income before securities gains/(losses) and net gain on sale of RCM assets 3		 	3,131,331	 		 	2,991,830	 		 	139,501	 		 	4.7	 	
Gain on sale of RCM assets, net of related expenses		 	23,382	 		 	—	 		 	23,382	 		 	100.0	 	
Noninterest income before securities gains/(losses)		 	3,154,713	 		 	2,991,830	 		 	162,883	 		 	5.4	 	
Securities losses 		 	(7,155	) 		 	(29,079	) 		 	21,924	 		 	(75.4	) 	
Total noninterest income 		 	3,147,558	 		 	2,962,751	 		 	184,807	 		 	6.2	 	
NONINTEREST EXPENSE		 	 	 		 	 	 		 	 	 		 	 	 	
Personnel expense		 	2,534,211	 		 	2,402,832	 		 	131,379	 		 	5.5	 	
Net occupancy expense		 	312,070	 		 	308,401	 		 	3,669	 		 	1.2	 	
Outside processing and software		 	357,387	 		 	306,713	 		 	50,674	 		 	16.5	 	
Equipment expense		 	204,038	 		 	206,921	 		 	(2,883	) 		 	(1.4	) 	
Marketing and customer development 		 	156,711	 		 	138,400	 		 	18,311	 		 	13.2	 	
Other noninterest expense		 	874,984	 		 	905,595	 		 	(30,611	) 		 	(3.4	) 	
Noninterest expense before Affordable Housing impairment charge, amortization of intangible assets and merger expense 4		 	4,439,401	 		 	4,268,862	 		 	170,539	 		 	4.0	 	
Impairment charge on Affordable Housing Properties 		 	33,722	 		 	9,001	 		 	24,721	 		 	274.6	 	
Amortization of intangible assets 		 	118,964	 		 	116,661	 		 	2,303	 		 	2.0	 	
Merger expense 		 	98,642	 		 	28,401	 		 	70,241	 		 	247.3	 	
Total noninterest expense 		 	4,690,729	 		 	4,422,925	 		 	267,804	 		 	6.1	 	
INCOME BEFORE INCOME TAXES		 	2,858,909	 		 	2,625,339	 		 	233,570	 		 	8.9	 	
Provision for income taxes 		 	876,335	 		 	809,466	 		 	66,869	 		 	8.3	 	
NET INCOME 		 	1,982,574	 		 	1,815,873	 		 	166,701	 		 	9.2	 	
Merger expense, net of tax 		 	61,158	 		 	18,461	 		 	42,697	 		 	231.3	 	
NET INCOME EXCLUDING MERGER EXPENSE 		 	2,043,732	 		 	1,834,334	 		 	209,398	 		 	11.4	 	
Net gain on sale of RCM assets, net of tax 		 	(14,497	) 		 	—	 		 	(14,497	) 		 	(100.0	) 	
NET INCOME EXCLUDING MERGER EXPENSE AND NET GAIN ON SALE OF RCM ASSETS 		$	2,029,235	 		$	1,834,334	 		$	194,901	 		 	10.6	% 	
REVENUE (Dollars in thousands)		 	 	 		 	 	 		 	 	 		 	 	 	
Net interest income 		$	4,578,966	 		$	4,265,027	 		$	313,939	 		 	7.4	% 	
FTE adjustment  5    		 	75,492	 		 	65,125	 		 	10,367	 		 	15.9	 	

																			
 		HISTORICAL COMBINED	
  		Twelve Months Ended	
 		December 31		Increase/(Decrease)	
 		2005		2004		Amount		%	
Net interest income — FTE		 	4,654,458	 		 	4,330,152	 		 	324,306	 		 	7.5	 	
Noninterest income		 	3,147,558	 		 	2,962,751	 		 	184,807	 		 	6.2	 	
Total revenue		 	7,802,016	 		 	7,292,903	 		 	509,113	 		 	7.0	 	
Securities losses 		 	7,155	 		 	29,079	 		 	(21,924	) 		 	(75.4	) 	
Net gain on sale of RCM assets		 	(23,382	) 		 	—	 		 	(23,382	) 		 	(100.0	) 	
Total revenue excluding securities gains/losses 		 	 	 		 	 	 		 	 	 		 	 	 	
and net gain on sale of RCM assets 		$	7,785,789	 		$	7,321,982	 		$	463,807	 		 	6.3	% 	
Noninterest expense		$	4,690,729	 		$	4,422,925	 		$	267,804	 		 	6.1	% 	
Merger expense 		 	(98,642	) 		 	(28,401	) 		 	(70,241	) 		 	247.3	 	
Noninterest expense excluding merger expense 		$	4,592,087	 		$	4,394,524	 		$	197,563	 		 	4.5	% 	
Efficiency ratio 		 	60.12	% 		 	60.65	% 		 	(0.53	) 		 	(0.9	)% 	
Impact of excluding merger expense 		 	(1.26	) 		 	(0.39	) 		 	(0.87	) 		 	224.7	 	
Efficiency ratio excluding merger expense		 	58.86	% 		 	60.26	% 		 	(1.40	) 		 	(2.3	)% 	
SELECTED AVERAGE BALANCES (Dollars in millions)		 	 	 		 	 	 		 	 	 	
Average Loans 6		 	 	 		 	 	 		 	 	 		 	 	 	
Commercial		$	32,935	 		$	32,147	 		$	788	 		 	2.5	% 	
Real estate 1-4 family		 	27,092	 		 	20,847	 		 	6,245	 		 	30.0	 	
Real estate commercial and construction		 	21,567	 		 	18,081	 		 	3,486	 		 	19.3	 	
Real estate equity		 	12,361	 		 	9,916	 		 	2,445	 		 	24.7	 	
Consumer  7    		 	14,560	 		 	15,358	 		 	(798	) 		 	(5.2	) 	
Credit cards		 	227	 		 	172	 		 	55	 		 	32.1	 	
Total loans 		$	108,742	 		$	96,521	 		$	12,221	 		 	12.7	% 	
Average deposits		 	 	 		 	 	 		 	 	 		 	 	 	
Noninterest bearing deposits 		$	24,315	 		$	23,033	 		$	1,282	 		 	5.6	% 	
NOW accounts 		 	17,214	 		 	15,468	 		 	1,746	 		 	11.3	 	
Money market accounts 		 	25,589	 		 	24,249	 		 	1,340	 		 	5.5	 	
Savings 		 	6,320	 		 	8,497	 		 	(2,177	) 		 	(25.6	) 	
Consumer and other time 		 	19,917	 		 	15,840	 		 	4,077	 		 	25.7	 	
Total consumer and commercial deposits		 	93,355	 		 	87,087	 		 	6,268	 		 	7.2	 	
Brokered and foreign deposits 		 	17,052	 		 	11,855	 		 	5,197	 		 	43.8	 	
Total deposits 		$	110,407	 		$	98,942	 		$	11,465	 		 	11.5	% 	

		
1	Includes service charges on deposits, card fees and other charges and fees.	
		
2	Includes retail investment services, investment banking income and trading account profits and commissions.	
		
3	SunTrust presents noninterest income before securities gains/(losses) and net gain on the sale of RCM assets. The Company believes noninterest income before securities gains/losses is more indicative of the Company's performance because it isolates income that is primarily customer relationship and customer transaction driven. SunTrust further excludes the net gain on the sale of RCM assets because the Company believes the exclusion of the net gain provides better comparability and is more indicative of normalized operations.	
		
4	The Company presents noninterest expense before an impairment charge on Affordable Housing Properties, amortization of intangible assets and merger expense. The Company believes the exclusion of these measures provides better comparability and is more reflective of normalized operations.	
		
5	NCF's FTE adjustments were reduced $13.1 million from the year ended 2004 to conform to SunTrust methodology.	
		
6	SunTrust's average nonaccrual and restructured loans are included in the respective categories to conform to the NCF presentation.	
		
7	Includes consumer direct and consumer indirect loans.	

SunTrust Banks, Inc. and Subsidiaries
SUNTRUST / NCF — SELECTED HISTORICAL FINANCIAL DATA
APPENDIX B, continued

															
 		Twelve Months Ended	
 		December 31, 2004	
 		SunTrust		NCF		Historical
Combined	
STATEMENTS OF INCOME (Dollars in thousands)		 	 	 		 	 	 		 	 	 	
NET INTEREST INCOME		$	3,685,155	 		$	579,872	 		$	4,265,027	 	
Provision for loan losses		 	135,537	 		 	43,977	 		 	179,514	 	
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES		 	3,549,618	 		 	535,895	 		 	4,085,513	 	
NONINTEREST INCOME		 	 	 		 	 	 		 	 	 	
Deposit and other fees 1   		 	1,243,955	 		 	159,148	 		 	1,403,103	 	
Trust and investment management income 		 	586,783	 		 	48,414	 		 	635,197	 	
Broker / dealer revenue 2   		 	527,340	 		 	71,815	 		 	599,155	 	
Other noninterest income		 	288,059	 		 	66,316	 		 	354,375	 	
Noninterest income before securities gains/(losses) 		 	2,646,137	 		 	345,693	 		 	2,991,830	 	
Securities gains/(losses)		 	(41,691	) 		 	12,612	 		 	(29,079	) 	
Total noninterest income		 	2,604,446	 		 	358,305	 		 	2,962,751	 	
NONINTEREST EXPENSE		 	 	 		 	 	 		 	 	 	
Personnel expense		 	2,168,313	 		 	234,519	 		 	2,402,832	 	
Net occupancy expense		 	268,248	 		 	40,153	 		 	308,401	 	
Outside processing and software		 	286,270	 		 	20,443	 		 	306,713	 	
Equipment expense		 	184,865	 		 	22,056	 		 	206,921	 	
Marketing and customer development		 	128,291	 		 	10,109	 		 	138,400	 	
Other noninterest expense		 	746,067	 		 	159,528	 		 	905,595	 	
Noninterest expense before Affordable Housing impairment charge, amortization of intangible assets and merger expense		 	3,782,054	 		 	486,808	 		 	4,268,862	 	
Impairment charge on Affordable Housing Properties		 	9,001	 		 	—	 		 	9,001	 	
Amortization of intangible assets		 	77,582	 		 	39,079	 		 	116,661	 	
Merger expense		 	28,401	 		 	—	 		 	28,401	 	
Total noninterest expense		 	3,897,038	 		 	525,887	 		 	4,422,925	 	
INCOME BEFORE INCOME TAXES 		 	2,257,026	 		 	368,313	 		 	2,625,339	 	
Provision for income taxes		 	684,125	 		 	125,341	 		 	809,466	 	
NET INCOME 		$	1,572,901	 		$	242,972	 		$	1,815,873	 	
REVENUE (Dollars in thousands)		 	 	 		 	 	 		 	 	 	
Net interest income		$	3,685,155	 		$	579,872	 		$	4,265,027	 	
FTE adjustment 3   		 	58,398	 		 	6,727	 		 	65,125	 	
Net interest income — FTE		 	3,743,553	 		 	586,599	 		 	4,330,152	 	
Noninterest income 		 	2,604,446	 		 	358,305	 		 	2,962,751	 	
Total revenue		 	6,347,999	 		 	944,904	 		 	7,292,903	 	
Securities (gains)/losses 		 	41,691	 		 	(12,612	) 		 	29,079	 	
Total revenue excluding securities gains/losses 		$	6,389,690	 		$	932,292	 		$	7,321,982	 	

															
 		Twelve Months Ended	
 		December 31, 2004	
 		SunTrust		NCF		Historical
Combined	
Noninterest expense		$	3,897,038	 		$	525,887	 		$	4,422,925	 	
Merger expense		 	(28,401	) 		 	—	 		 	(28,401	) 	
Noninterest expense excluding merger expense		$	3,868,637	 		$	525,887	 		$	4,394,524	 	
Efficiency ratio		 	61.39	% 		 	55.66	% 		 	60.65	% 	
Impact of excluding merger expense		 	(0.45	) 		 	—	 		 	(0.39	) 	
Efficiency ratio excluding merger expense		 	60.94	% 		 	55.66	% 		 	60.26	% 	
SELECTED AVERAGE BALANCES (Dollars in millions)		 	 	 		 	 	 		 	 	 	
Average Loans 4		 	 	 		 	 	 		 	 	 	
Commercial 		$	29,070	 		$	3,077	 		$	32,147	 	
Real estate 1-4 family		 	20,048	 		 	799	 		 	20,847	 	
Real estate commercial and construction 		 	15,213	 		 	2,868	 		 	18,081	 	
Real estate equity 		 	8,503	 		 	1,413	 		 	9,916	 	
Consumer 5    		 	13,220	 		 	2,138	 		 	15,358	 	
Credit cards 		 	160	 		 	12	 		 	172	 	
Total loans 		$	86,214	 		$	10,307	 		$	96,521	 	
Average deposits		 	 	 		 	 	 		 	 	 	
Noninterest bearing deposits 		$	21,047	 		$	1,986	 		$	23,033	 	
NOW accounts 		 	13,778	 		 	1,690	 		 	15,468	 	
Money market accounts		 	22,865	 		 	1,384	 		 	24,249	 	
Savings		 	7,225	 		 	1,272	 		 	8,497	 	
Consumer and other time		 	12,177	 		 	3,663	 		 	15,840	 	
Total consumer and commercial deposits 		 	77,092	 		 	9,995	 		 	87,087	 	
Brokered and foreign deposits		 	10,041	 		 	1,814	 		 	11,855	 	
Total deposits 		$	87,133	 		$	11,809	 		$	98,942	 	

		
1	Includes service charges on deposits, card and other charges and fees.	
		
2	Includes retail investment services, investment banking income and trading account profits and commissions.	
		
3	NCF's FTE adjustments were reduced $13.1 million from the year ended 2004 to conform to SunTrust methodology.	
		
4	SunTrust's average nonaccrual and restructured loans are included in the respective categories to conform to the NCF presentation.	
		
5	Includes consumer direct and consumer indirect loans.