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 17, 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
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 17, 2006, SunTrust Banks, Inc. (the “Registrant”) announced financial results for the third quarter ended September 30, 2006. A copy of the news release announcing the Registrant’s results for the third quarter ended September 30, 2006 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 third quarter ended September 30, 2006 on October 17, 2006, at 8:00 a.m. Eastern time. Additional presentation materials relating to such call, which includes an updated outlook for 2007, 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 17, 2006 (furnished with the Commission as a part of this Form 8-K).	
		
99.2	  	Presentation materials dated October 17, 2006 (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 17, 2006	 		 	By:	 	/s/ Thomas E. Panther	
	 		 		 		 	Thomas E. Panther,	
	 		 		 		 	Senior Vice President and Controller	
  
Exhibit 99.1

	 		 	News Release	

Contact:	  		
Investors	  	Media	
Greg Ketron	  	Barry Koling	
(404) 827-6714	  	(404) 230-5268	
	  		
For Immediate Release
October 17, 2006
SunTrust Reports Third Quarter 2006 Earnings
ATLANTA— SunTrust Banks, Inc. (NYSE: STI) today reported net income for the third quarter of 2006 of $535.6 million, up 5% from $510.8 million in the third quarter of 2005. Net income per average common diluted share was $1.47, up 5% from $1.40 in the third quarter of 2005.
“Despite a challenging environment, which included a flat to inverted yield curve throughout the quarter, we were able to post solid results. We undertook a number of initiatives this quarter that, combined with our intense sales focus, strong credit quality and diversified business model, should provide momentum going into 2007,” L. Phillip Humann, Chairman and Chief Executive Officer of SunTrust noted. Despite strong year-over-year loan growth, the rate of revenue growth was slower than in prior quarters due to the challenging operating environment. The Company was able to offset the slower revenue growth by reducing the rate of expense growth through effective cost control initiatives, posting lower loan provision expense that resulted from improved credit loss experience, and realizing a lower provision for income taxes.
Third Quarter 2006 Consolidated Highlights

 	  	3 rd  Quarter
2006	 	 	3 rd  Quarter
2005	 	 	% Change	 	
Income Statement	  				 				 			
(Dollars in millions, except per share data)	  				 				 			
Net income	  	$	535.6	 	 	$	510.8	 	 	5	%	
Net income per average common diluted share	  	 	1.47	 	 	 	1.40	 	 	5	%	
Revenue – fully taxable-equivalent	  	 	2,032.8	 	 	 	2,008.1	 	 	1	%	
Noninterest expense	  	 	1,205.5	 	 	 	1,177.1	 	 	2	%	
Balance Sheet	  				 				 			
(Dollars in billions)	  				 				 			
Average loans	  	$	120.7	 	 	$	110.8	 	 	9	%	
Average consumer and commercial deposits	  	 	97.6	 	 	 	94.1	 	 	4	%	
Asset Quality	  				 				 			
Net charge-offs to average loans (annualized)	  	 	0.12	%	 	 	0.27	%	 			
Nonperforming loans to total loans	  	 	0.48	%	 	 	0.29	%	 			

Third Quarter 2006 Consolidated Highlights, continued
 
 	•	 	Net income and net income per diluted share both increased 5% from the third quarter of 2005, driven by improved expense control, better credit loss experience as evidenced by lower loan provision expense and realizing a lower provision for income taxes.	
 
 	•	 	Fully taxable-equivalent revenue increased 1% from the third quarter of 2005. Noninterest income growth was 3% and fully taxable-equivalent net interest income was nearly unchanged.	
 
 	•	 	A significant portion of the increase in noninterest income resulted from a $113 million gain, net of related expenses, on the sale of the Bond Trustee business. The Company also restructured part of the investment portfolio in the third quarter, accounting for substantially all of the $92 million in security losses reported for the quarter. Growth in card fees, trust and investment management income, and retail investment services income also contributed to the growth.	
 
 	•	 	Effective cost control initiatives helped noninterest expense decline by 3% on a sequential annualized basis compared to the second quarter of 2006. Noninterest expense was up 2% from the third quarter of 2005.	
 
 	•	 	Total average loans increased 9% and total average consumer and commercial deposits increased 4% from the third quarter of 2005.	
 
 	•	 	Annualized net charge-offs were 0.12% of average loans in the third quarter of 2006, down from 0.27% of average loans in the third quarter of 2005, a continuation of the historically low credit loss trend.	
 
 	•	 	Provision expense of $62 million exceeded net charge-offs of $36 million by $26 million in the third quarter of 2006.	
 
 	•	 	Nonperforming loans to total loans increased from 0.29% as of September 30, 2005 to 0.48% as of September 30, 2006, mainly due to the previously disclosed large commercial loan being placed on nonperforming status during the third quarter.	
CONSOLIDATED FINANCIAL PERFORMANCE
Revenue
Fully taxable-equivalent revenue was $2,032.8 million for the third quarter of 2006, up 1% from the third quarter of 2005. On a sequential annualized basis, fully taxable-equivalent revenue decreased 6% in the third quarter of 2006 from the second quarter of 2006.
For the nine months ended September 30, 2006, fully taxable-equivalent revenue was $6,149.1 million, up 6% from $5,804.5 million for the same period in 2005.
Net Interest Income
Fully taxable-equivalent net interest income was $1,173.9 million in the third quarter of 2006, nearly unchanged from the third quarter of 2005. The lack of growth was mainly the result of the flat to inverted yield curve that has persisted over this timeframe, as well as the continued shift in deposit mix away from lower-cost deposit products to certificates of deposit. On a sequential annualized basis, fully taxable-equivalent net interest income decreased 5% in the third quarter of 2006 from the second quarter of 2006 for similar reasons. The net interest margin of 2.93% for the third quarter of 2006 was down 7 basis points from the second quarter of 2006. The margin decline was mainly attributable to the continued shift in deposit mix towards higher cost products and the negative impact the flat to inverted yield curve has had on the spread between incremental earning asset growth and the increased cost of funding the growth.
For the nine months ended September 30, 2006, fully taxable-equivalent net interest income was $3,563.3 million, up 3% from $3,447.4 million for the same period in 2005. Loan growth was the main factor driving the increase.
 
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Noninterest Income
Total noninterest income was $858.9 million for the third quarter of 2006, up 3% from the third quarter of 2005. A significant portion of the increase resulted from the $113 million gain, net of related expenses, on the sale of the Bond Trustee business. The Company also restructured a portion of the investment portfolio in the third quarter of 2006 that accounted for substantially all of the $92 million in securities losses for the quarter. Growth in card fees, trust and investment management income and retail investment services income was offset primarily by declines in trading account profits and commissions, investment banking income, other charges and fees and service charges on deposit accounts. The increase in mortgage servicing-related income experienced during the third quarter is an indication of the increased income created from a larger servicing portfolio and the realization of the value embedded in the mortgage servicing rights through the sale of a portion of the servicing rights that resulted in a $23.9 million gain. On a sequential annualized basis, noninterest income decreased 8% in the third quarter of 2006 from the second quarter of 2006. Aside from the aforementioned net gain on the sale of the Bond Trustee business and the securities losses incurred by the investment portfolio restructuring, the decrease was driven mainly by a decline in trading account profits and commissions and investment banking income, offset by increases in other noninterest income, card fees and service charges on deposits.
For the nine months ended September 30, 2006, noninterest income was $2,585.8 million, up 10% from $2,357.1 million for the same period in 2005. Aside from the aforementioned net gain on the sale of the Bond Trustee business and the securities losses incurred by the investment portfolio restructuring, the growth was driven mainly by mortgage-related income, card fees, trust and investment management income and retail investment services income.
Noninterest Expense
Total noninterest expense in the third quarter of 2006 was $1,205.5 million, up 2% from the third quarter of 2005. The increase in expense reflects certain investments in revenue producing divisions of the Company, including the addition of offices and employees and investment in the infrastructure of the organization to gain greater efficiencies in the future. These increases were offset by lower amortization of intangible assets, impairment charges on affordable housing properties, and no merger expense incurred in 2006. On a sequential annualized basis, noninterest expense declined 3% in the third quarter of 2006 from the second quarter of 2006. The decrease largely resulted from a decline in employee compensation and benefits and marketing and customer development expenses, offset by net occupancy, equipment and other expenses.
For the nine months ended September 30, 2006, total noninterest expense was $3,646.1 million, up 5% from $3,483.8 million for the same period of 2005. The factors causing this increase were similar to those noted for the third quarter growth over the same quarter of the previous year with the exception of lower equipment expense, higher marketing and customer development expense, and no merger expense incurred in 2006.
Balance Sheet
As of September 30, 2006, SunTrust had total assets of $183.1 billion. Shareholders’ equity of $18.6 billion as of September 30, 2006 represented 10% of total assets. Book value per common share was $49.71 as of September 30, 2006, up from $47.85 as of June 30, 2006.
 
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Loans
Average loans for the third quarter of 2006 were $120.7 billion, up 9% from the third quarter of 2005. The rate of growth was slowed by the sale of approximately $3 billion in residential real estate and student loans late in the second and early in the third quarters of 2006. Areas contributing to the strong loan growth were residential real estate, real estate construction, commercial and home equity lines. On a sequential annualized basis, average loans grew 2% in the third quarter of 2006 from the second quarter of 2006. The aforementioned sale of loans substantially slowed the growth rate between quarters. Areas contributing to the loan growth were similar to those noted for the third quarter growth over the same quarter of the previous year with the exception of residential real estate due to the impact of the loan sales.
Deposits
Average consumer and commercial deposits for the third quarter of 2006 were $97.6 billion, up 4% from the third quarter of 2005. On a sequential annualized basis, average consumer and commercial deposits grew 2% compared to the second quarter of 2006. The growth in deposits both year-over-year and on a sequential annualized basis was driven by growth in certificates of deposit. Given market conditions and the higher rate environment, customer preference is for higher-yielding products, which is reflected in the continued deposit mix shift toward higher-rate products, such as certificates of deposit. Furthermore, the third quarter is typically the slowest growth quarter of the year due to seasonality. The Company continues to pursue deposit growth initiatives aimed at product promotions, as well as increasing our presence in specific markets within our footprint.
Asset Quality
Annualized net charge-offs in the third quarter of 2006 were 0.12% of average loans, up from 0.10% in the second quarter of 2006 and down from 0.27% in the third quarter of 2005. Net charge-offs were $36.1 million in the third quarter of 2006 compared to $29.1 million in the second quarter of 2006 and $76.7 million in the third quarter of 2005. Nonperforming assets were $633.8 million, or 0.52% of loans, other real estate owned and other repossessed assets as of September 30, 2006 compared to $369.8 million, or 0.31% of loans, other real estate owned and other repossessed assets as of June 30, 2006. The increase in nonperforming assets from the second quarter of 2006 was mainly driven by the previously disclosed large commercial loan being placed on nonperforming status during the third quarter.
The allowance for loan and lease losses increased $25.5 million to $1,087.3 million as of September 30, 2006 from $1,061.9 million as of June 30, 2006 primarily due to the build-out of the specific reserve allocated to the large commercial loan placed on nonperforming status during the third quarter. Provision expense increased from $51.8 million in the second quarter of 2006 to $61.6 million in the third quarter of 2006. The allowance for loan and lease losses as of September 30, 2006 represented 0.90% of period-end loans, up two basis points from 0.88% of period-end loans as of June 30, 2006. The allowance for loan and lease losses as of September 30, 2006 represented 186% of period-end nonperforming loans.
 
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LINE OF BUSINESS FINANCIAL PERFORMANCE
Retail

preliminary data 
(in millions)	  	3rd Quarter
2006	  	3rd Quarter
2005	  	%
Change	 	
Net income	  	$	189.7	  	$	169.7	  	12	%	
Revenue - fully taxable-equivalent	  	 	860.2	  	 	819.2	  	5	%	
Average total loans	  	 	30,832.2	  	 	30,846.4	  	0	%	
Average total deposits	  	 	69,660.0	  	 	65,861.2	  	6	%	
Three Months Ended September 30, 2006 vs. 2005
Retail’s net income for the third quarter of 2006 was $189.7 million, an increase of $19.9 million, or 12%. The increase was primarily the result of deposit growth, widening deposit spreads and lower net charge-offs partially offset by higher noninterest expense.
Fully taxable-equivalent net interest income increased $34.1 million, or 6%. The increase was attributable to deposit growth and widening deposit spreads due to deposit rate increases that have been slower relative to market rate increases as well as the increasing value of lower cost deposits in a higher rate environment. Average loans decreased $14.1 million, or 0%, while average deposits increased $3.8 billion, or 6%. The loan decrease was driven primarily by student loan sales, which totaled approximately $3.0 billion since September 30, 2005, and a decline in consumer indirect loans partially offset by growth in home equity loans and lines. Deposit growth was driven primarily by certificates of deposit while money market and NOW accounts drove the increase in spreads.
Provision for loan losses, which represents net charge-offs for the lines of business, decreased $10.0 million, or 27%, primarily due to a decline in consumer indirect net charge-offs.
Total noninterest income increased $6.9 million, or 3%. The increase was driven primarily by interchange income due to increased volumes and gains on student loan sales.
Total noninterest expense increased $23.0 million, or 4%, from the third quarter of 2005. The increase was driven primarily by increases in personnel expense and operation costs related to investments in the branch distribution network and technology. 52 net new branches have been added over the past year.
Nine Months Ended September 30, 2006 vs. 2005
Retail’s net income for the nine months ended September 30, 2006 was $583.0 million, an increase of $104.9 million, or 22%. The increase was primarily the result of loan and deposit growth and widening deposit spreads, lower net charge-offs and higher noninterest income partially offset by higher noninterest expense.
Fully taxable-equivalent net interest income increased $173.5 million, or 11%. The increase was attributable to loan and deposit growth and widening deposit spreads due to deposit rate increases that have been slower relative to market rate increases as well as the increasing value of lower cost deposits in a higher rate environment. Average loans increased $715.1 million, or 2%, and average deposits increased $4.0 billion, or 6%. The loan growth was driven by home equity loans and lines offset by student loan sales. Deposit growth was driven primarily by certificates of deposit while money market and NOW accounts drove the increase in spreads .
Provision for loan losses, which represents net charge-offs for the lines of business, decreased $33.6 million, or 34%, primarily due to a decline in consumer indirect net charge-offs.
 
5

Total noninterest income increased $37.5 million, or 5%. The increase was driven primarily by interchange income due to increased volumes, ATM fees and gains on student loan sales.
Total noninterest expense increased $88.1 million, or 6%. The increase was driven by increases in personnel expense and operation costs related to investments in the branch distribution network and technology.
Commercial

preliminary data 
(in millions)	  	3rd Quarter
2006	  	3rd Quarter
2005	  	% Change	 	
Net income	  	$	108.7	  	$	90.4	  	20	%	
Revenue - fully taxable-equivalent	  	 	303.3	  	 	296.7	  	2	%	
Average total loans	  	 	32,888.3	  	 	30,978.1	  	6	%	
Average total deposits	  	 	13,583.3	  	 	13,195.1	  	3	%	
Three Months Ended September 30, 2006 vs. 2005
Commercial’s net income for the third quarter of 2006 was $108.7 million, an increase of $18.3 million, or 20%. The increase was driven primarily by loan and deposit growth and lower net charge-offs.
Fully taxable-equivalent net interest income increased $8.2 million, or 4%. The increase was attributable to increased loan and deposit growth. Average loans increased $1.9 billion, or 6%, with the strongest growth in construction lending. Average deposits increased $388.1 million, or 3%, driven by an increase in institutional and government deposits partially offset by decreases in demand deposits and money market accounts.
Provision for loan losses, which represents net charge-offs for the lines of business, decreased $13.8 million, or 89%. The decrease was driven primarily by lower net charge-offs in the Core Commercial and Real Estate Finance Group (“REFG”) sub-lines of business.
Total noninterest income decreased $1.7 million, or 2%. The decrease resulted from lower sales and referral credits and trading account profits and was partially offset by increases in deposit sweep income and other income in affordable housing.
Total noninterest expense decreased $7.3 million, or 4%. A decrease in affordable housing expense was in part offset by an increase in personnel expense.
Nine Months Ended September 30, 2006 vs. 2005
Commercial’s net income for the nine months ended September 30, 2006 was $325.3 million, an increase of $43.2 million, or 15%. The increase was driven primarily by net interest income and noninterest income growth and lower net charge-offs, partially offset by higher noninterest expenses.
Fully taxable-equivalent net interest income increased $44.7 million, or 7%. The increase was driven primarily by loan growth and increased deposit spreads. Average loans increased $1.7 billion, or 6%, with the strongest growth in construction lending. Average deposits increased $363.8 million, or 3%, driven by an increase in institutional and government deposits and partially offset by decreases in demand deposits and money market accounts.
Provision for loan losses, which represents net charge-offs for the lines of business, decreased $11.1 million, or 61%. The decrease was driven primarily by lower net charge-offs in the Core Commercial and REFG sub-lines of business.
Total noninterest income increased $16.8 million, or 9%. The increase resulted from higher affordable housing revenues, sweep income and sales and referral credits.
 
6

Total noninterest expense increased $17.4 million, or 4%. Increases in personnel expense and operations  cost were in part offset by a decrease in affordable housing expense.
Corporate and Investment Banking

preliminary data 
(in millions)	  	3rd Quarter
2006	  	3rd Quarter
2005	  	% Change	 	
Net income	  	$	52.7	  	$	63.1	  	(16	)%	
Revenue - FTE	  	 	198.8	  	 	237.7	  	(16	)%	
Average total loans	  	 	16,793.3	  	 	15,959.9	  	5	%	
Average total deposits	  	 	2,903.1	  	 	3,134.8	  	(7	)%	
Three Months Ended September 30, 2006 vs. 2005
Corporate and Investment Banking’s net income for the third quarter of 2006 was $52.7 million, a decrease of $10.4 million, or 16%. The decrease, driven by narrowing corporate banking loan spreads and lower capital markets income, was slightly offset by a decrease in noninterest expense.
Fully taxable-equivalent net interest income decreased $14.0 million, or 21%. The decrease was primarily due to narrowing corporate banking loan spreads. Average loans increased $833.4 million, or 5%, driven by increased usage of committed facilities.
Provision for loan losses, which represents net charge-offs for the lines of business, decreased $12.2 million, or 68%.
Total noninterest income decreased $24.9 million, or 15%. Increased operating lease revenue, along with stronger M&A advisory fees and merchant banking gains, were offset by lower derivative revenue as well as weaker performance due to deal timing in structured leasing and syndications.
Total noninterest expense decreased $9.5 million, or 8%. Lower personnel expense associated with the decreased capital markets revenue growth was the primary driver.
Nine Months Ended September 30, 2006 vs. 2005
Corporate and Investment Banking’s net income for the nine months ended September 30, 2006 was $186.8 million, a decrease of $18.6 million, or 9%. Adjusting net income by $15.7 million for the March 2005 divestiture of Receivables Capital Management (“RCM”) assets, net income decreased 2%. The decrease in net income was driven by weakness in net interest income and capital markets revenue.
Fully taxable-equivalent net interest income decreased $12.7 million, or 7%. The decrease was primarily due to narrowing corporate banking loan spreads. In addition, the divestiture of RCM assets in the first quarter of 2005 negatively impacted growth in fully taxable-equivalent net interest income. Average loans increased $1.5 billion, or 10%, and average deposits increased $20.8 million, or 1%. Loan growth was due to increased usage of committed facilities and corporate demand.
Provision for loan losses, which represents net charge-offs for the lines of business, decreased $12.3 million, or 71%.
Total noninterest income decreased $36.9 million, or 7%, driven primarily by the divestiture of RCM assets in the first quarter of 2005. Growth in debt capital markets, primarily driven by securitization, derivatives and structured leasing, was partially offset by weakness in merger and acquisition and merchant banking fees.
Total noninterest expense decreased $5.7 million, or 2%, primarily due to lower personnel expense associated with the decreased capital markets revenue growth.
 
7

Mortgage

preliminary data 
(in millions)	  	3rd Quarter
2006	  	3rd Quarter
2005	  	% Change	 	
Net income	  	$	65.4	  	$	54.5	  	20	%	
Revenue - fully taxable-equivalent	  	 	254.0	  	 	222.8	  	14	%	
Average total loans	  	 	31,619.8	  	 	24,862.3	  	27	%	
Average total deposits	  	 	1,998.8	  	 	1,937.4	  	3	%	
Three Months Ended September 30, 2006 vs. 2005
Mortgage’s net income for the third quarter of 2006 was $65.4 million, an increase of $10.9 million, or 20%. Gains from the sale of mortgage servicing rights and loan growth drove the increase, partially offset by decreased secondary marketing income and higher expense related to growth of the business.
Fully taxable-equivalent net interest income increased by $16.3 million, or 12%, principally due to growth in loans and increased deposit spreads, partially offset by lower income on loans held for sale. Average loans increased $6.8 billion, or 27%. This growth primarily came from residential mortgage and residential construction loans which contributed $21.7 million to the net fully taxable-equivalent net interest income increase. Average loans held for sale increased $1.6 billion, or 21%. However, compressed spreads resulting from increased short-term interest rates reduced income on loans held for sale by $8.8 million, or 20%. Average deposits were up $61.4 million, or 3%, due to escrow balances associated with higher servicing balances. The higher balances combined with a higher credit for funds rate contributed $6.6 million to the increase.
Provision for loan losses, which represents net charge-offs for the lines of business, decreased $2.2 million, or 75%.
Total noninterest income increased $14.9 million, or 18%. Production income was down $15.7 million, or 24%, due to lower loan production and narrower margins. Loan production was $13.7 billion, down $1.0 billion, or 7%. Loan sales to investors were $9.9 billion, up $1.9 billion, or 24%. Servicing income increased $31.6 million due to $23.9 million in gains from the sale of mortgage servicing rights and increased fee income due to higher servicing balances. Slightly higher MSR amortization partially offset these increases. At September 30, 2006 total loans serviced were $124.8 billion compared with $97.4 billion the prior year, an increase of $27.4 billion, or 28%.
Total noninterest expense increased $17.0 million, or 12%, from the third quarter of 2005. Increased investments in production and servicing capabilities were the primary drivers of the higher expense.
Nine Months Ended September 30, 2006 vs. 2005
Mortgage’s net income for the nine months ended September 30, 2006 was $208.5 million, an increase of $79.9 million, or 62%. This increase was principally a result of higher production driving higher fee and secondary marketing income, and sales of mortgage servicing rights, partially offset by higher expense related to growth of the business.
Fully taxable-equivalent net interest income increased $57.7 million, or 15%, principally due to growth in loans and increased deposit spreads offset by lower income on loans held for sale. Average loans increased $7.6 billion, or 33%, contributing $72.3 million to the increase. The growth primarily came from residential mortgage and residential construction loans. Average loans held for sale were up $2.1 billion, or 32%; however, compressed spreads resulting from increased short-term interest rates reduced income by $27.3 million, or 22%. Average deposits increased $151.3 million, or 9%, due to
 
8

escrow balances associated with higher servicing balances. These balances combined with a higher credit for funds rate contributed $18.8 million to the increase.
Provision for loan losses, which represents net charge-offs for the lines of business, decreased $1.1 million, or 16%.
Total noninterest income increased $139.6 million, or 78%. Production income of $171.0 million was up $58.3 million, or 52%, driven by higher loan production and increased secondary marketing deliveries. Year-to-date loan production was $40.3 billion compared with $34.5 billion, an increase of $5.8 billion, or 17%. Loan sales to investors were $30.9 billion, up $10.6 billion, or 52%. Servicing income of $111.2 million was up $84.4 million due to gains from the sale of mortgage servicing assets of $66.0 million and increased fees from higher servicing balances.
Total noninterest expense increased $73.5 million, or 20%. Increased volume and investments in production and servicing capabilities were the primary  drivers of the increase.
Wealth and Investment Management

preliminary data 
(in millions)	  	3rd Quarter
2006	  	3rd Quarter
2005	  	% Change	 	
Net income	  	$	117.9	  	$	53.0	  	122	%	
Net income excluding net gain on sale of Bond Trustee business	  	 	48.0	  	 	53.0	  	(10	)%	
Revenue - FTE	  	 	447.7	  	 	325.0	  	38	%	
Revenue - FTE excluding net gain on sale of Bond Trustee business	  	 	335.0	  	 	325.0	  	3	%	
Average total loans	  	 	8,128.0	  	 	7,896.1	  	3	%	
Average total deposits	  	 	9,534.1	  	 	9,654.0	  	(1	)%	
Three Months Ended September 30, 2006 vs. 2005
Wealth and Investment Management’s net income for the third quarter of 2006 was $117.9 million, an increase of $64.8 million, or 122%. The growth was primarily driven by the $69.9 million after-tax net gain on the sale of the Bond Trustee business. Excluding the net gain on the sale of the Bond Trustee business, net income was down $5.1 million, or 10%.
Fully taxable-equivalent net interest income increased $4.7 million, or 5%, due primarily to higher deposit spreads. Average loans increased $0.2 billion, or 3%, driven primarily by commercial loan demand. Average deposits decreased $0.1 billion, or 1 %, due to declines in demand deposits, money market deposits, and NOW deposits, partially offset by increased certificates of deposit and savings deposits.
Provision for loan losses, which represents net charge-offs for the lines of business, decreased $1.1 million, or 61%.
Total noninterest income increased $118.0 million, or 50%, attributable largely to the $112.8 million pre-tax net gain on the sale of the Bond Trustee business. Noninterest income excluding the net gain increased 2%. Trust income increased as a result of higher assets under management and retail investment services income. Noninterest income growth was somewhat offset by a decline in insurance revenue, due in part to the December 31, 2005 sale of Carswell Insurance, and the funds flowing out of certain products whose investment strategies have been out of favor in the marketplace.
End of period assets under management were approximately $138.6 billion compared to $133.6 billion in the same period last year. Assets under management include individually managed assets, the STI Classic Funds, institutional assets managed by Trusco Capital Management and participant-directed retirement accounts. SunTrust’s total assets under advisement were approximately $238.5 billion,
 
9

which includes $138.6 billion in assets under management, $53.2 billion in non-managed trust assets, $36.7 billion in retail brokerage assets and $10.0 billion in non-managed corporate trust assets. Approximately $21.2 billion in corporate trust non-managed assets were transferred to the buyer of the Bond Trustee business.
Total noninterest expense increased $20.7, or 9%. The growth was primarily driven by continuing efforts to build-out the line of business including higher structural, staff and operations expenses.
Nine Months Ended September 30, 2006 vs. 2005
Wealth and Investment Management’s net income for the nine months ended September 30, 2006 was $216.5 million, an increase of $71.8 million, or 50%. The growth was driven primarily by the $69.9 million after-tax net gain on the sale of the Bond Trustee business. Excluding the net gain on the sale of the Bond Trustee business, net income increased $1.8 million, or 1%.
Fully taxable-equivalent net interest income increased $28.6 million, or 12%, and was attributable to a combination of increased loan volumes and widening deposit spreads. Average loans increased $0.4 billion, or 5%, mainly due to growth in consumer mortgages, commercial real estate and commercial loans. Average deposits decreased $0.3 billion, or 3%, due to declines in demand deposits, NOW deposits and money market deposits, partially offset by increases in certificates of deposit.
Provision for loan losses, which represents net charge-offs for the lines of business, decreased $1.4 million, or 45%.
Total noninterest income increased $142.3 million, or 20%, primarily due to the $112.8 million pre-tax net gain on the sale of the Bond Trustee business. Noninterest income excluding the net gain increased 4%. Trust income increased due to growth in assets under management. Retail investment income increased due to increases in annuity, managed account and new business revenues. Noninterest income growth was somewhat offset by a decline in insurance revenue, due in part to the December 31, 2005 sale of Carswell Insurance, and the funds flowing out of certain products whose investment strategies have been out of favor in the marketplace.
Total noninterest expense increased $58.1 million, or 8%. Growth was primarily driven by continuing efforts to build-out the line of business including higher structural, staff and operations expenses.
Corporate Other and Treasury

preliminary data
(in millions)	  	3rd Quarter
2006	  	3rd Quarter
2005	  	% Change	 	
Net income	  	$	1.2	  	$	80.0	  	(98	)%	
Net income excluding securities (gains)/losses, net	  	 	57.9	  	 	81.2	  	(29	)%	
Securities available for sale	  	 	23,841.4	  	 	25,824.2	  	(8	)%	
Three Months Ended September 30, 2006 vs. 2005
Corporate Other and Treasury’s net income for the third quarter of 2006 was $1.2 million, a decrease of $78.7 million, or 98%, mainly due to an increase in net securities losses due to the investment portfolio restructuring, a decline in fully taxable-equivalent net interest income and an increase in provision for loan losses.
Fully taxable-equivalent net interest income decreased $51.2 million, or 53%. The main drivers for reduction were a $2.0 billion decrease in average securities available for sale and a decrease in income on receive fixed/pay floating interest rate swaps used to extend the duration of the commercial
 
10

loan portfolio. Short-term borrowing costs also increased due to the need to fund earning asset growth, as well as the significant rise in short-term interest rates over the past year.
Total average deposits increased $9.7 billion, or 53%, mainly due to growth in brokered and foreign deposits.
Provision for loan losses, which represents the difference between net charge-offs for the lines of business and total provision for loan losses, increased $30.5 million. The increase in provision expense was primarily due to the build-out of the specific reserve allocated to the large commercial loan placed on nonperforming status during the third quarter.
Total noninterest income decreased $86.7 million mainly due to an increase in securities losses of $89.5 million related to the investment portfolio restructuring.
Total noninterest expense decreased $15.4 million mainly due to a reduction in merger-related expenses.
Nine Months Ended September 30, 2006 vs. 2005
Corporate Other and Treasury’s net income for the nine months ended September 30, 2006 was $91.1 million, a decrease of $138.9 million, or 60%, mainly due to a decline in fully taxable-equivalent net interest income, an increase in provision for loan losses and an increase in securities losses partially offset by a decrease in merger-related expenses.
Fully taxable-equivalent net interest income decreased $175.9, or 53%. The main drivers were a $2.0 billion decrease in average securities available for sale and a decrease in income on receive fixed/pay floating interest rate swaps used to extend the duration of the commercial loan portfolio. Short-term borrowing costs also increased due to the need to fund earning asset growth, as well as the significant rise in short-term interest rates over the past year.
Total average deposits increased $10.6 billion, or 67%, mainly due to growth in brokered and foreign deposits.
Provision for loan losses, which represents the difference between net charge-offs for the lines of business and total provision for loan losses, increased $77.4 million. The increase in provision expense was primarily due to loan growth generated during the period and the build-out of the specific reserve allocated to the large commercial loan placed on nonperforming status during the third quarter.
Total noninterest income decreased $70.5 million mainly due to an increase in securities losses of $76.6 million related to the investment portfolio restructuring in the third quarter of 2006.
Total noninterest expense decreased $69.1 million mainly due to a reduction in merger-related expenses.
Corresponding Financial Tables and Information
This news release contains certain non-US GAAP financial measures to describe our Company’s performance. The reconciliation of those measures to the most directly comparable US GAAP financial measures, and the reasons why SunTrust believes such financial measures may be useful to investors, can be found in the financial information contained in the appendices of this news release.
Investors are encouraged to review the foregoing summary and discussion of SunTrust’s earnings and financial condition in conjunction with the detailed financial tables and information which SunTrust has also published today and SunTrust’s forthcoming quarterly report on Form 10-Q. Detailed financial tables and other information are available on our Web site at www.suntrust.com in the Investor Relations section located under “About SunTrust” and may be directly accessed via the quick link entitled “3rd Quarter Earnings Release” on the SunTrust homepage. This information is also included in a current report on Form 8-K filed with the SEC today.
 
11

Conference Call
SunTrust management will host a conference call on October 17, 2006 at 8:00 a.m. (Eastern Time) to discuss the earnings results and business trends. Individuals are encouraged to call in beginning at 7:45 a.m. (Eastern Time) by dialing 1-888-972-7805 (Passcode: 3Q06; Leader: Greg Ketron). Individuals calling from outside the United States should dial 1-517-308-9091 (Passcode: 3Q06; Leader: Greg Ketron). A replay of the call will be available beginning October17, 2006 and ending October 31, 2006 by dialing 1-866-486-4651 (domestic) or 1-203-369-1640 (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 17, 2006, listeners may access an archived version of the webcast in the “Webcasts and Presentations” subsection found under “Investor Relations.” This webcast will be archived and available for one year. A link to the Investor Relations page is also found in the footer of the SunTrust home page.
SunTrust Banks, Inc., headquartered in Atlanta, is one of the nation’s largest banking organizations, serving a broad range of consumer, commercial, corporate and institutional clients. The Company operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states and a full array of technology-based, 24-hour delivery channels. The Company also serves customers in selected markets nationally. Its primary businesses include deposit, credit, trust and investment services. Through various subsidiaries the Company provides credit cards, mortgage banking, insurance, brokerage, equipment leasing and capital markets services. SunTrust’s Internet address is www.suntrust.com.
Forward Looking Statements
This news release may contain forward-looking statements, including statements about credit quality and future prospects of the Company and credit quality. Statements that are not historical or current facts, including statements about beliefs and expectations, are forward-looking statements. These statements often include the words “may,” “could,” “would,” “should,” “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “targets,” “potentially,” “probably,” “projects,” “outlook” or similar expressions. Such statements are based upon the current beliefs and expectations of SunTrust’s management and are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward-looking statements. Factors that could cause SunTrust’s results to differ materially from those described in the forward-looking statements can be found in the Company’s 2005 Annual Report on Form 10-K, in the Quarterly Reports on Form 10-Q and in the Current Reports filed on Form 8-K with the Securities and Exchange Commission and available at the Securities and Exchange Commission’s internet site (http://www.sec.gov). Those factors include changes in interest rates; changes in general business or economic conditions or the competitive banking environment; changes in credit conditions including customers’ ability to repay debt obligations; competitive pressures among local, regional, national, and international banks, thrifts credit unions, and other financial institutions; increases in the cost of funds resulting from customers pursuing alternatives to bank deposits or shifting from demand deposits to higher-cost products; significant changes in legislation or regulatory requirements, or the fiscal and monetary policies of the federal government and its agencies; significant changes in securities markets or markets for commercial or residential real estate; the Company’s success in managing its costs, including costs associated with the expansion of distribution channels and developing new ones; the potential that the Company may acquire other institutions or may be acquired by other institutions; the potential that the Company may divest certain portions of its business; hurricanes and other natural disasters; litigation; and changes in accounting principles, policies, or guidelines. The forward-looking statements in this news release speak only as of this date,
 
12

and SunTrust does not assume any obligation to update such statements or to update the reasons why actual results could differ from those contained in such statements.
###
 
13

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

																			
 	  	Three Months Ended
September 30	 	 	%
Change	 	 	Nine Months Ended
September 30	 	 	%
Change	 	
 	  	2006	 	 	2005	 	 			 	2006	 	 	2005	 	 			
EARNINGS & DIVIDENDS	  			 			 			 			 			 			
Net income	  	$535.6	 	 	$510.8	 	 	4.9	%	 	$1,611.1	 	 	$1,468.8	 	 	9.7	%	
Total revenue - FTE 2	  	2,032.8	 	 	2,008.1	 	 	1.2	 	 	6,149.1	 	 	5,804.5	 	 	5.9	 	
Total revenue - FTE excluding securities gains and losses,
net gain on sale of RCM assets and net gain on sale of Bond	  			 			 			 			 			 			
Trustee business 1	  	2,011.8	 	 	2,006.7	 	 	0.3	 	 	6,122.2	 	 	5,788.9	 	 	5.8	 	
Net income per average common share	  			 			 			 			 			 			
Diluted	  	1.47	 	 	1.40	 	 	5.0	 	 	4.42	 	 	4.04	 	 	9.4	 	
Basic	  	1.48	 	 	1.42	 	 	4.2	 	 	4.46	 	 	4.09	 	 	9.0	 	
Dividends paid per average common share	  	0.61	 	 	0.55	 	 	10.9	 	 	1.83	 	 	1.65	 	 	10.9	 	
							
CONDENSED BALANCE SHEETS	  			 			 			 			 			 			
Selected Average Balances	  			 			 			 			 			 			
Total assets	  	$180,501	 	 	$169,934	 	 	6.2	%	 	$179,632	 	 	$165,501	 	 	8.5	%	
Earning assets	  	158,915	 	 	148,553	 	 	7.0	 	 	157,860	 	 	144,331	 	 	9.4	 	
Loans	  	120,742	 	 	110,818	 	 	9.0	 	 	119,066	 	 	107,028	 	 	11.2	 	
Consumer and commercial deposits	  	97,643	 	 	94,076	 	 	3.8	 	 	96,711	 	 	92,714	 	 	4.3	 	
Brokered and foreign deposits	  	27,958	 	 	17,969	 	 	55.6	 	 	26,614	 	 	15,718	 	 	69.3	 	
Total shareholders’ equity	  	17,662	 	 	16,823	 	 	5.0	 	 	17,342	 	 	16,409	 	 	5.7	 	
							
As of	  			 			 			 			 			 			
Total assets	  	183,105	 	 	172,416	 	 	6.2	 	 			 			 			
Earning assets	  	160,288	 	 	150,580	 	 	6.4	 	 			 			 			
Loans	  	121,237	 	 	112,411	 	 	7.9	 	 			 			 			
Allowance for loan and lease losses	  	1,087	 	 	1,030	 	 	5.6	 	 			 			 			
Consumer and commercial deposits	  	98,684	 	 	94,465	 	 	4.5	 	 			 			 			
Brokered and foreign deposits	  	25,709	 	 	19,265	 	 	33.4	 	 			 			 			
Total shareholders’ equity	  	18,589	 	 	16,718	 	 	11.2	 	 			 			 			
							
FINANCIAL RATIOS & OTHER DATA	  			 			 			 			 			 			
Return on average total assets	  	1.18	%	 	1.19	%	 	(0.8	)%	 	1.20	%	 	1.19	%	 	0.8	%	
Return on average assets less net unrealized securities gains 1	  	1.28	 	 	1.18	 	 	8.5	 	 	1.22	 	 	1.18	 	 	3.4	 	
Return on average common shareholders’ equity	  	12.10	 	 	12.05	 	 	0.4	 	 	12.45	 	 	11.97	 	 	4.0	 	
Return on average realized common shareholders’ equity  1	  	13.73	 	 	12.81	 	 	7.2	 	 	13.24	 	 	12.68	 	 	4.4	 	
Net interest margin 2	  	2.93	 	 	3.14	 	 	(6.7	)	 	3.02	 	 	3.19	 	 	(5.3	)	
Efficiency ratio 2	  	59.30	 	 	58.62	 	 	1.2	 	 	59.29	 	 	60.02	 	 	(1.2	)	
Tangible efficiency ratio 1	  	58.03	 	 	57.13	 	 	1.6	 	 	58.01	 	 	58.45	 	 	(0.8	)	
Effective tax rate	  	27.94	 	 	31.12	 	 	(10.2	)	 	29.71	 	 	31.25	 	 	(4.9	)	
Full-time equivalent employees	  	34,293	 	 	33,013	 	 	3.9	 	 			 			 			
Number of ATMs	  	2,568	 	 	2,769	 	 	(7.3	)	 			 			 			
Full service banking offices	  	1,699	 	 	1,647	 	 	3.2	 	 			 			 			
Traditional	  	1,347	 	 	1,319	 	 	2.1	 	 			 			 			
In-store	  	352	 	 	328	 	 	7.3	 	 			 			 			
Tier 1 capital ratio	  	7.70 	% 3 	 	7.03	%	 	9.5	%	 			 			 			
Total capital ratio	  	11.10 	3 	 	10.66	 	 	4.1	 	 			 			 			
Tier 1 leverage ratio	  	7.28 	3 	 	6.64	 	 	9.6	 	 			 			 			
Total average shareholders’ equity to total average assets	  	9.78	 	 	9.90	 	 	(1.2	)	 	9.65	 	 	9.91	 	 	(2.6	)	
Tangible equity to tangible assets 1	  	6.42	 	 	5.68	 	 	13.0	 	 			 			 			
Book value per common share	  	49.71	 	 	46.28	 	 	7.4	 	 			 			 			
Market price:	  			 			 			 			 			 			
High	  	81.59	 	 	75.77	 	 	7.7	 	 	81.59	 	 	75.77	 	 	7.7	 	
Low	  	75.11	 	 	68.85	 	 	9.1	 	 	69.68	 	 	68.85	 	 	1.2	 	
Close	  	77.28	 	 	69.45	 	 	11.3	 	 	77.28	 	 	69.45	 	 	11.3	 	
Market capitalization	  	28,120	 	 	25,089	 	 	12.1	 	 			 			 			
Average common shares outstanding (000s)	  			 			 			 			 			 			
Diluted	  	365,121	 	 	363,854	 	 	0.3	 	 	364,322	 	 	363,547	 	 	0.2	 	
Basic	  	361,805	 	 	359,702	 	 	0.6	 	 	361,009	 	 	359,020	 	 	0.6	 	

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

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

																
 	  	Three Months Ended	 	
 	  	September 30
2006	 	 	June 30
2006	 	 	March 31
2006	 	 	December 31
2005	 	 	September 30
2005	 	
EARNINGS & DIVIDENDS	  			 			 			 			 			
Net income	  	$535.6	 	 	$544.0	 	 	$531.5	 	 	$518.5	 	 	$510.8	 	
Total revenue - FTE 2	  	2,032.8	 	 	2,065.4	 	 	2,050.9	 	 	2,005.0	 	 	2,008.1	 	
Total revenue - FTE excluding securities
gains and losses, net gain on sale of RCM assets
and net gain on sale of Bond Trustee business 1	  	2,011.8	 	 	2,059.5	 	 	2,050.8	 	 	2,004.4	 	 	2,006.7	 	
Net income per average common share	  			 			 			 			 			
Diluted	  	1.47	 	 	1.49	 	 	1.46	 	 	1.43	 	 	1.40	 	
Basic	  	1.48	 	 	1.51	 	 	1.48	 	 	1.44	 	 	1.42	 	
Dividends paid per average common share	  	0.61	 	 	0.61	 	 	0.61	 	 	0.55	 	 	0.55	 	
						
CONDENSED BALANCE SHEETS	  			 			 			 			 			
Selected Average Balances	  			 			 			 			 			
Total assets	  	$180,501	 	 	$180,744	 	 	$177,618	 	 	$175,769	 	 	$169,934	 	
Earning assets	  	158,915	 	 	158,889	 	 	155,743	 	 	153,490	 	 	148,553	 	
Loans	  	120,742	 	 	120,145	 	 	116,263	 	 	113,828	 	 	110,818	 	
Consumer and commercial deposits	  	97,643	 	 	97,172	 	 	95,292	 	 	95,257	 	 	94,076	 	
Brokered and foreign deposits	  	27,958	 	 	27,194	 	 	24,652	 	 	21,010	 	 	17,969	 	
Total shareholders’ equity	  	17,662	 	 	17,304	 	 	17,052	 	 	16,876	 	 	16,823	 	
						
As of	  			 			 			 			 			
Total assets	  	183,105	 	 	181,143	 	 	178,876	 	 	179,713	 	 	172,416	 	
Earning assets	  	160,288	 	 	158,845	 	 	156,439	 	 	156,641	 	 	150,580	 	
Loans	  	121,237	 	 	120,243	 	 	118,130	 	 	114,555	 	 	112,411	 	
Allowance for loan and lease losses	  	1,087	 	 	1,062	 	 	1,039	 	 	1,028	 	 	1,030	 	
Consumer and commercial deposits	  	98,684	 	 	99,042	 	 	97,940	 	 	97,572	 	 	94,465	 	
Brokered and foreign deposits	  	25,709	 	 	25,811	 	 	23,836	 	 	24,481	 	 	19,265	 	
Total shareholders’ equity	  	18,589	 	 	17,424	 	 	17,157	 	 	16,887	 	 	16,718	 	
						
FINANCIAL RATIOS & OTHER DATA	  			 			 			 			 			
Return on average total assets	  	1.18	%	 	1.21	%	 	1.21	%	 	1.17	%	 	1.19	%	
Return on average assets less net unrealized securities gains 1	  	1.28	 	 	1.18	 	 	1.19	 	 	1.15	 	 	1.18	 	
Return on average common shareholders’ equity	  	12.10	 	 	12.61	 	 	12.64	 	 	12.19	 	 	12.05	 	
Return on average realized common shareholders’ equity 1	  	13.73	 	 	12.90	 	 	13.06	 	 	12.75	 	 	12.81	 	
Net interest margin 2	  	2.93	 	 	3.00	 	 	3.12	 	 	3.12	 	 	3.14	 	
Efficiency ratio 2	  	59.30	 	 	58.78	 	 	59.80	 	 	60.20	 	 	58.62	 	
Tangible efficiency ratio 1	  	58.03	 	 	57.53	 	 	58.47	 	 	58.79	 	 	57.13	 	
Effective tax rate 	  	27.94	 	 	30.10	 	 	31.03	 	 	28.97	 	 	31.12	 	
Full-time equivalent employees 	  	34,293	 	 	34,155	 	 	33,697	 	 	33,406	 	 	33,013	 	
Number of ATMs 	  	2,568	 	 	2,564	 	 	2,786	 	 	2,782	 	 	2,769	 	
Full service banking offices 	  	1,699	 	 	1,695	 	 	1,677	 	 	1,657	 	 	1,647	 	
Traditional 	  	1,347	 	 	1,342	 	 	1,332	 	 	1,325	 	 	1,319	 	
In-store 	  	352	 	 	353	 	 	345	 	 	332	 	 	328	 	
Tier 1 capital ratio	  	7.70 	% 3 	 	7.31	%	 	7.26	%	 	7.01	%	 	7.03	%	
Total capital ratio	  	11.10 	3 	 	10.70	 	 	10.88	 	 	10.57	 	 	10.66	 	
Tier 1 leverage ratio	  	7.28 	3 	 	6.82	 	 	6.71	 	 	6.65	 	 	6.64	 	
Total average shareholders’ equity to total average assets	  	9.78	 	 	9.57	 	 	9.60	 	 	9.60	 	 	9.90	 	
Tangible equity to tangible assets 1	  	6.42	 	 	5.81	 	 	5.72	 	 	5.56	 	 	5.68	 	
Book value per common share	  	49.71	 	 	47.85	 	 	47.22	 	 	46.65	 	 	46.28	 	
Market price:	  			 			 			 			 			
High	  	81.59	 	 	78.33	 	 	76.75	 	 	75.46	 	 	75.77	 	
Low	  	75.11	 	 	72.56	 	 	69.68	 	 	65.32	 	 	68.85	 	
Close	  	77.28	 	 	76.26	 	 	72.76	 	 	72.76	 	 	69.45	 	
Market capitalization	  	28,120	 	 	27,768	 	 	26,437	 	 	26,338	 	 	25,089	 	
Average common shares outstanding (000s)	  			 			 			 			 			
Diluted	  	365,121	 	 	364,391	 	 	363,437	 	 	363,175	 	 	363,854	 	
Basic	  	361,805	 	 	361,267	 	 	359,934	 	 	359,203	 	 	359,702	 	

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

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

													
 	  	As of September 30	 	 	Increase/(Decrease)	 	
 	  	2006	 	 	2005	 	 	Amount	 	 	%	 	
ASSETS	  			 			 			 			
Cash and due from banks	  	$4,066,173	 	 	$4,228,590	 	 	($162,417	)	 	(3.8	)%	
Interest-bearing deposits in other banks	  	39,982	 	 	22,694	 	 	17,288	 	 	76.2	 	
Funds sold and securities purchased under
agreements to resell	  	1,147,423	 	 	1,208,087	 	 	(60,664	)	 	(5.0	)	
Trading assets	  	3,675,917	 	 	2,470,160	 	 	1,205,757	 	 	48.8	 	
Securities available for sale 1	  	25,553,320	 	 	26,867,580	 	 	(1,314,260	)	 	(4.9	)	
Loans held for sale	  	11,501,646	 	 	10,378,411	 	 	1,123,235	 	 	10.8	 	
Loans:	  			 			 			 			
Commercial	  	35,018,715	 	 	33,109,716	 	 	1,908,999	 	 	5.8	 	
Real estate:	  			 			 			 			
Home equity lines	  	14,014,617	 	 	13,268,826	 	 	745,791	 	 	5.6	 	
Construction	  	13,595,924	 	 	10,225,044	 	 	3,370,880	 	 	33.0	 	
Residential mortgages	  	33,711,399	 	 	28,646,871	 	 	5,064,528	 	 	17.7	 	
Commercial real estate	  	12,459,023	 	 	12,566,702	 	 	(107,679	)	 	(0.9	)	
Consumer:	  			 			 			 			
Direct	  	4,082,257	 	 	5,513,473	 	 	(1,431,216	)	 	(26.0	)	
Indirect	  	8,022,512	 	 	8,829,635	 	 	(807,123	)	 	(9.1	)	
Business credit card	  	332,947	 	 	250,543	 	 	82,404	 	 	32.9	 	
	  	 	 	 	 	 	 	 	 	 			
Total loans	  	121,237,394	 	 	112,410,810	 	 	8,826,584	 	 	7.9	 	
Allowance for loan and lease losses	  	(1,087,316	)	 	(1,029,855	)	 	(57,461	)	 	5.6	 	
	  	 	 	 	 	 	 	 	 	 			
Net loans	  	120,150,078	 	 	111,380,955	 	 	8,769,123	 	 	7.9	 	
Goodwill	  	6,903,001	 	 	6,841,631	 	 	61,370	 	 	0.9	 	
Other intangible assets	  	1,120,102	 	 	1,112,873	 	 	7,229	 	 	0.6	 	
Other assets	  	8,946,911	 	 	7,905,115	 	 	1,041,796	 	 	13.2	 	
	  	 	 	 	 	 	 	 	 	 			
Total assets 2 	  	$183,104,553	 	 	$172,416,096	 	 	$10,688,457	 	 	6.2	 	

LIABILITIES	  			 			 			 			
Noninterest-bearing consumer and commercial deposits	  	$22,813,455	 	 	$24,548,595	 	 	($1,735,140	)	 	(7.1	)%	
Interest-bearing consumer and commercial deposits:	  			 			 			 			
NOW accounts	  	17,508,754	 	 	16,896,647	 	 	612,107	 	 	3.6	 	
Money market accounts	  	23,803,496	 	 	26,065,278	 	 	(2,261,782	)	 	(8.7	)	
Savings	  	5,699,545	 	 	5,670,516	 	 	29,029	 	 	0.5	 	
Consumer time	  	16,615,445	 	 	12,786,056	 	 	3,829,389	 	 	29.9	 	
Other time	  	12,243,372	 	 	8,497,819	 	 	3,745,553	 	 	44.1	 	
	  	 	 	 	 	 	 	 	 	 			
Total consumer and commercial deposits	  	98,684,067	 	 	94,464,911	 	 	4,219,156	 	 	4.5	 	
Brokered deposits	  	18,264,554	 	 	12,837,377	 	 	5,427,177	 	 	42.3	 	
Foreign deposits	  	7,444,329	 	 	6,427,770	 	 	1,016,559	 	 	15.8	 	
	  	 	 	 	 	 	 	 	 	 			
Total deposits	  	124,392,950	 	 	113,730,058	 	 	10,662,892	 	 	9.4	 	
Funds purchased	  	5,926,570	 	 	3,085,738	 	 	2,840,832	 	 	92.1	 	
Securities sold under agreements to repurchase	  	7,362,480	 	 	6,603,466	 	 	759,014	 	 	11.5	 	
Other short-term borrowings	  	1,744,479	 	 	3,173,951	 	 	(1,429,472	)	 	(45.0	)	
Long-term debt	  	17,477,276	 	 	22,364,776	 	 	(4,887,500	)	 	(21.9	)	
Trading liabilities	  	1,611,648	 	 	1,064,603	 	 	547,045	 	 	51.4	 	
Other liabilities	  	5,999,843	 	 	5,675,754	 	 	324,089	 	 	5.7	 	
	  	 	 	 	 	 	 	 	 	 			
Total liabilities	  	164,515,246	 	 	155,698,346	 	 	8,816,900	 	 	5.7	 	

SHAREHOLDERS’ EQUITY	  			 			 			 			
Preferred stock, no par value	  	500,000	 	 	—  	 	 	500,000	 	 	100.0	 	
Common stock, $1.00 par value	  	370,578	 	 	370,578	 	 	—  	 	 	—  	 	
Additional paid in capital	  	6,735,458	 	 	6,758,901	 	 	(23,443	)	 	(0.3	)	
Retained earnings	  	10,258,441	 	 	8,991,168	 	 	1,267,273	 	 	14.1	 	
Treasury stock, at cost, and other	  	(453,934	)	 	(541,176	)	 	87,242	 	 	(16.1	)	
Accumulated other comprehensive income	  	1,178,764	 	 	1,138,279	 	 	40,485	 	 	3.6	 	
	  	 	 	 	 	 	 	 	 	 			
Total shareholders’ equity	  	18,589,307	 	 	16,717,750	 	 	1,871,557	 	 	11.2	 	

Total liabilities and shareholders’ equity	  	$183,104,553	 	 	$172,416,096	 	 	$10,688,457	 	 	6.2	 	

Common shares outstanding	  	363,868,470	 	 	361,248,048	 	 	2,620,422	 	 	0.7	 	
Common shares authorized	  	750,000,000	 	 	750,000,000	 	 	—  	 	 	—  	 	
Preferred shares outstanding	  	5,000	 	 	—  	 	 	5,000	 	 	100.0	 	
Preferred shares authorized	  	50,000,000	 	 	50,000,000	 	 	—  	 	 	—  	 	
Treasury shares of common stock	  	6,709,928	 	 	9,330,350	 	 	(2,620,422	)	 	(28.1	)	
 	 	
1    Includes net unrealized gains of	  	$1,915,277	 	 	$1,888,990	 	 	$26,287	 	 	1.4	%	
2    Includes earning assets of	  	160,287,584	 	 	150,579,614	 	 	9,707,970	 	 	6.4	 	
 
Page 3

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

																
 	  	As of	 	
   	  	September 30
2006	 	 	June 30
2006	 	 	March 31
2006	 	 	December 31
2005	 	 	September 30
2005	 	
ASSETS	  			 			 			 			 			
Cash and due from banks	  	$4,066,173	 	 	$4,214,076	 	 	$4,158,082	 	 	$4,659,664	 	 	$4,228,590	 	
Interest-bearing deposits in other banks	  	39,982	 	 	29,733	 	 	81,857	 	 	332,444	 	 	22,694	 	
Funds sold and securities purchased under agreements to resell	  	1,147,423	 	 	942,983	 	 	1,108,841	 	 	1,313,498	 	 	1,208,087	 	
Trading assets	  	3,675,917	 	 	2,621,940	 	 	2,937,137	 	 	2,811,225	 	 	2,470,160	 	
Securities available for sale 1	  	25,553,320	 	 	26,542,900	 	 	27,335,487	 	 	26,525,821	 	 	26,867,580	 	
Loans held for sale	  	11,501,646	 	 	10,819,967	 	 	9,351,662	 	 	13,695,613	 	 	10,378,411	 	
Loans:	  			 			 			 			 			
Commercial	  	35,018,715	 	 	35,159,832	 	 	33,496,827	 	 	33,764,183	 	 	33,109,716	 	
Real estate:	  			 			 			 			 			
Home equity lines	  	14,014,617	 	 	13,894,177	 	 	13,791,702	 	 	13,635,705	 	 	13,268,826	 	
Construction	  	13,595,924	 	 	13,099,808	 	 	12,068,483	 	 	11,046,903	 	 	10,225,044	 	
Residential mortgages	  	33,711,399	 	 	32,844,670	 	 	32,366,617	 	 	29,877,312	 	 	28,646,871	 	
Commercial real estate	  	12,459,023	 	 	12,575,092	 	 	12,571,041	 	 	12,516,035	 	 	12,566,702	 	
Consumer:	  			 			 			 			 			
Direct	  	4,082,257	 	 	4,237,332	 	 	5,421,722	 	 	5,060,844	 	 	5,513,473	 	
Indirect	  	8,022,512	 	 	8,113,741	 	 	8,130,463	 	 	8,389,401	 	 	8,829,635	 	
Business credit card	  	332,947	 	 	318,493	 	 	283,390	 	 	264,512	 	 	250,543	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total loans	  	121,237,394	 	 	120,243,145	 	 	118,130,245	 	 	114,554,895	 	 	112,410,810	 	
Allowance for loan and lease losses	  	(1,087,316	)	 	(1,061,862	)	 	(1,039,247	)	 	(1,028,128	)	 	(1,029,855	)	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net loans	  	120,150,078	 	 	119,181,283	 	 	117,090,998	 	 	113,526,767	 	 	111,380,955	 	
Goodwill	  	6,903,001	 	 	6,900,222	 	 	6,897,105	 	 	6,835,168	 	 	6,841,631	 	
Other intangible assets	  	1,120,102	 	 	1,141,346	 	 	1,123,463	 	 	1,122,967	 	 	1,112,873	 	
Other assets	  	8,946,911	 	 	8,748,994	 	 	8,791,844	 	 	8,889,674	 	 	7,905,115	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total assets 2 	  	$183,104,553	 	 	$181,143,444	 	 	$178,876,476	 	 	$179,712,841	 	 	$172,416,096	 	

LIABILITIES	  			 			 			 			 			
Noninterest-bearing consumer and commercial deposits	  	$22,813,455	 	 	$24,243,088	 	 	$24,649,242	 	 	$26,327,663	 	 	$24,548,595	 	
Interest-bearing consumer and commercial deposits:	  			 			 			 			 			
NOW accounts	  	17,508,754	 	 	17,194,199	 	 	17,514,277	 	 	17,781,451	 	 	16,896,647	 	
Money market accounts	  	23,803,496	 	 	24,627,018	 	 	26,144,180	 	 	25,484,016	 	 	26,065,278	 	
Savings	  	5,699,545	 	 	5,556,847	 	 	5,283,632	 	 	5,423,878	 	 	5,670,516	 	
Consumer time	  	16,615,445	 	 	16,134,694	 	 	14,397,034	 	 	13,436,072	 	 	12,786,056	 	
Other time	  	12,243,372	 	 	11,285,875	 	 	9,951,523	 	 	9,119,302	 	 	8,497,819	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total consumer and commercial deposits	  	98,684,067	 	 	99,041,721	 	 	97,939,888	 	 	97,572,382	 	 	94,464,911	 	
Brokered deposits	  	18,264,554	 	 	18,425,635	 	 	16,965,675	 	 	15,644,932	 	 	12,837,377	 	
Foreign deposits	  	7,444,329	 	 	7,385,081	 	 	6,870,179	 	 	8,835,864	 	 	6,427,770	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total deposits	  	124,392,950	 	 	124,852,437	 	 	121,775,742	 	 	122,053,178	 	 	113,730,058	 	
Funds purchased	  	5,926,570	 	 	4,527,339	 	 	4,346,238	 	 	4,258,013	 	 	3,085,738	 	
Securities sold under agreements to repurchase	  	7,362,480	 	 	7,158,914	 	 	6,970,317	 	 	6,116,520	 	 	6,603,466	 	
Other short-term borrowings	  	1,744,479	 	 	1,438,891	 	 	1,494,384	 	 	1,937,624	 	 	3,173,951	 	
Long-term debt	  	17,477,276	 	 	18,222,162	 	 	18,919,961	 	 	20,779,249	 	 	22,364,776	 	
Trading liabilities	  	1,611,648	 	 	1,574,107	 	 	1,734,328	 	 	1,529,325	 	 	1,064,603	 	
Other liabilities	  	5,999,843	 	 	5,945,674	 	 	6,478,058	 	 	6,151,537	 	 	5,675,754	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities	  	164,515,246	 	 	163,719,524	 	 	161,719,028	 	 	162,825,446	 	 	155,698,346	 	

SHAREHOLDERS’ EQUITY	  			 			 			 			 			
Preferred stock, no par value	  	500,000	 	 	—  	 	 	—  	 	 	—  	 	 	—  	 	
Common stock, $1.00 par value	  	370,578	 	 	370,578	 	 	370,578	 	 	370,578	 	 	370,578	 	
Additional paid in capital	  	6,735,458	 	 	6,751,929	 	 	6,743,418	 	 	6,761,684	 	 	6,758,901	 	
Retained earnings	  	10,258,441	 	 	9,943,155	 	 	9,621,597	 	 	9,310,978	 	 	8,991,168	 	
Treasury stock, at cost, and other	  	(453,934	)	 	(418,262	)	 	(472,505	)	 	(493,936	)	 	(541,176	)	
Accumulated other comprehensive income	  	1,178,764	 	 	776,520	 	 	894,360	 	 	938,091	 	 	1,138,279	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total shareholders’ equity	  	18,589,307	 	 	17,423,920	 	 	17,157,448	 	 	16,887,395	 	 	16,717,750	 	

Total liabilities and shareholders’ equity	  	$183,104,553	 	 	$181,143,444	 	 	$178,876,476	 	 	$179,712,841	 	 	$172,416,096	 	

Common shares outstanding	  	363,868,470	 	 	364,129,209	 	 	363,338,615	 	 	361,984,193	 	 	361,248,048	 	
Common shares authorized	  	750,000,000	 	 	750,000,000	 	 	750,000,000	 	 	750,000,000	 	 	750,000,000	 	
Preferred shares outstanding	  	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	  	6,709,928	 	 	6,449,189	 	 	7,239,783	 	 	8,594,205	 	 	9,330,350	 	
   	  	   	 	 	   	 	 	   	 	 	   	 	 	   	 	
1    Includes net unrealized gains of	  	$1,915,277	 	 	$1,309,753	 	 	$1,497,176	 	 	$1,572,033	 	 	$1,888,990	 	
2    Includes earning assets of	  	160,287,584	 	 	158,845,216	 	 	156,439,347	 	 	156,640,894	 	 	150,579,614	 	
 
Page 4

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

																									
 	  	Three Months Ended	 	 	Nine Months Ended	 	
 	  	September 30	 	 	Increase/(Decrease) 2	 	 	September 30	 	 	Increase/(Decrease) 2	 	
 	  	2006	 	 	2005	 	 	Amount	 	 	%	 	 	2006	 	 	2005	 	 	Amount	 	 	%	 	
Interest income	  	$2,525,489	 	 	$1,996,674	 	 	$528,815	 	 	26.5	%	 	$7,227,289	 	 	$5,555,969	 	 	$1,671,320	 	 	30.1	%	
Interest expense	  	1,374,097	 	 	840,013	 	 	534,084	 	 	63.6	 	 	3,728,113	 	 	2,164,039	 	 	1,564,074	 	 	72.3	 	
	  	 	 	 	 	 	 	 	 	 			 	 	 	 	 	 	 	 	 	 			
NET INTEREST INCOME	  	1,151,392	 	 	1,156,661	 	 	(5,269	)	 	(0.5	)	 	3,499,176	 	 	3,391,930	 	 	107,246	 	 	3.2	 	
Provision for loan losses	  	61,568	 	 	70,393	 	 	(8,825	)	 	(12.5	)	 	146,730	 	 	128,760	 	 	17,970	 	 	14.0	 	
	  	 	 	 	 	 	 	 	 	 			 	 	 	 	 	 	 	 	 	 			
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	  	1,089,824	 	 	1,086,268	 	 	3,556	 	 	0.3	 	 	3,352,446	 	 	3,263,170	 	 	89,276	 	 	2.7	 	
	  	 	 	 	 	 	 	 	 	 			 	 	 	 	 	 	 	 	 	 			
NONINTEREST INCOME	  			 			 			 			 			 			 			 			
Service charges on deposit accounts	  	194,262	 	 	198,348	 	 	(4,086	)	 	(2.1	)	 	572,092	 	 	575,727	 	 	(3,635	)	 	(0.6	)	
Trust and investment management income	  	173,717	 	 	168,802	 	 	4,915	 	 	2.9	 	 	517,617	 	 	500,820	 	 	16,797	 	 	3.4	 	
Retail investment services	  	55,544	 	 	52,257	 	 	3,287	 	 	6.3	 	 	168,974	 	 	160,024	 	 	8,950	 	 	5.6	 	
Other charges and fees	  	113,347	 	 	117,341	 	 	(3,994	)	 	(3.4	)	 	339,677	 	 	340,974	 	 	(1,297	)	 	(0.4	)	
Investment banking income	  	47,046	 	 	53,090	 	 	(6,044	)	 	(11.4	)	 	159,342	 	 	156,803	 	 	2,539	 	 	1.6	 	
Trading account profits and commissions	  	20,404	 	 	41,837	 	 	(21,433	)	 	(51.2	)	 	103,461	 	 	117,702	 	 	(14,241	)	 	(12.1	)	
Card fees	  	64,916	 	 	52,924	 	 	11,992	 	 	22.7	 	 	183,460	 	 	153,091	 	 	30,369	 	 	19.8	 	
Mortgage production related income	  	50,336	 	 	65,833	 	 	(15,497	)	 	(23.5	)	 	169,952	 	 	110,068	 	 	59,884	 	 	54.4	 	
Mortgage servicing related income	  	36,633	 	 	5,242	 	 	31,391	 	 	NM	 	 	112,744	 	 	28,337	 	 	84,407	 	 	NM	 	
Net gain on sale of Bond Trustee business	  	112,759	 	 	—  	 	 	112,759	 	 	100.0	 	 	112,759	 	 	—  	 	 	112,759	 	 	100.0	 	
Net gain on sale of RCM assets	  	—  	 	 	3,508	 	 	(3,508	)	 	(100.0	)	 	—  	 	 	23,382	 	 	(23,382	)	 	(100.0	)	
Other noninterest income	  	81,783	 	 	75,285	 	 	6,498	 	 	8.6	 	 	231,582	 	 	197,948	 	 	33,634	 	 	17.0	 	
Securities gains/(losses), net	  	(91,816	)	 	(2,069	)	 	(89,747	)	 	NM	 	 	(85,854	)	 	(7,755	)	 	(78,099	)	 	NM	 	
	  	 	 	 	 	 	 	 	 	 			 	 	 	 	 	 	 	 	 	 			
Total noninterest income	  	858,931	 	 	832,398	 	 	26,533	 	 	3.2	 	 	2,585,806	 	 	2,357,121	 	 	228,685	 	 	9.7	 	

NONINTEREST EXPENSE	  			 			 			 			 			 			 			 			
Employee compensation and benefits	  	674,322	 	 	632,333	 	 	41,989	 	 	6.6	 	 	2,068,360	 	 	1,890,410	 	 	177,950	 	 	9.4	 	
Net occupancy expense	  	85,613	 	 	79,519	 	 	6,094	 	 	7.7	 	 	248,367	 	 	228,853	 	 	19,514	 	 	8.5	 	
Outside processing and software	  	98,699	 	 	92,952	 	 	5,747	 	 	6.2	 	 	292,038	 	 	265,082	 	 	26,956	 	 	10.2	 	
Equipment expense	  	50,249	 	 	50,083	 	 	166	 	 	0.3	 	 	147,804	 	 	154,544	 	 	(6,740	)	 	(4.4	)	
Marketing and customer development	  	35,932	 	 	38,651	 	 	(2,719	)	 	(7.0	)	 	127,956	 	 	106,578	 	 	21,378	 	 	20.1	 	
Amortization of intangible assets	  	25,792	 	 	29,737	 	 	(3,945	)	 	(13.3	)	 	78,922	 	 	90,772	 	 	(11,850	)	 	(13.1	)	
Merger expense	  	—  	 	 	12,104	 	 	(12,104	)	 	(100.0	)	 	—  	 	 	92,104	 	 	(92,104	)	 	(100.0	)	
Other noninterest expense	  	234,892	 	 	241,692	 	 	(6,800	)	 	(2.8	)	 	682,636	 	 	655,459	 	 	27,177	 	 	4.1	 	
	  	 	 	 	 	 	 	 	 	 			 	 	 	 	 	 	 	 	 	 			
Total noninterest expense	  	1,205,499	 	 	1,177,071	 	 	28,428	 	 	2.4	 	 	3,646,083	 	 	3,483,802	 	 	162,281	 	 	4.7	 	

INCOME BEFORE PROVISION FOR INCOME TAXES	  	743,256	 	 	741,595	 	 	1,661	 	 	0.2	 	 	2,292,169	 	 	2,136,489	 	 	155,680	 	 	7.3	 	
Provision for income taxes	  	207,668	 	 	230,821	 	 	(23,153	)	 	(10.0	)	 	681,052	 	 	667,721	 	 	13,331	 	 	2.0	 	
	  	 	 	 	 	 	 	 	 	 			 	 	 	 	 	 	 	 	 	 			
NET INCOME	  	$535,588	 	 	$510,774	 	 	$24,814	 	 	4.9	 	 	$1,611,117	 	 	$1,468,768	 	 	$142,349	 	 	9.7	 	

Net interest income - FTE 1	  	$1,173,860	 	 	$1,175,742	 	 	($1,882	)	 	(0.2	)	 	$3,563,265	 	 	$3,447,397	 	 	$115,868	 	 	3.4	 	
									
Net income per average common share	  			 			 			 			 			 			 			 			
Diluted	  	1.47	 	 	1.40	 	 	0.07	 	 	5.0	 	 	4.42	 	 	4.04	 	 	0.38	 	 	9.4	 	
Basic	  	1.48	 	 	1.42	 	 	0.06	 	 	4.2	 	 	4.46	 	 	4.09	 	 	0.37	 	 	9.0	 	
Cash dividends paid per common share	  	0.61	 	 	0.55	 	 	0.06	 	 	10.9	 	 	1.83	 	 	1.65	 	 	0.18	 	 	10.9	 	
Average common shares outstanding (000s)	  			 			 			 			 			 			 			 			
Diluted	  	365,121	 	 	363,854	 	 	1,267	 	 	0.3	 	 	364,322	 	 	363,547	 	 	775	 	 	0.2	 	
Basic	  	361,805	 	 	359,702	 	 	2,103	 	 	0.6	 	 	361,009	 	 	359,020	 	 	1,989	 	 	0.6	 	

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

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

													
 	  	Three Months Ended	 	
 	  	September 30
2006	 	 	June 30
2006	  	March 31
2006	  	December 31
2005	  	September 30
2005	 	
Interest income	  	$2,525,489	 	 	$2,423,087	  	$2,278,713	  	$2,175,340	  	$1,996,674	 	
Interest expense	  	1,374,097	 	 	1,254,344	  	1,099,672	  	988,304	  	840,013	 	
	  	 	 	 	 	  	 	  	 	  	 	 	
NET INTEREST INCOME	  	1,151,392	 	 	1,168,743	  	1,179,041	  	1,187,036	  	1,156,661	 	
Provision for loan losses	  	61,568	 	 	51,759	  	33,403	  	48,126	  	70,393	 	
	  	 	 	 	 	  	 	  	 	  	 	 	
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	  	1,089,824	 	 	1,116,984	  	1,145,638	  	1,138,910	  	1,086,268	 	

NONINTEREST INCOME	  			 		  		  		  			
Service charges on deposit accounts	  	194,262	 	 	191,645	  	186,185	  	196,792	  	198,348	 	
Trust and investment management income	  	173,717	 	 	175,811	  	168,089	  	172,900	  	168,802	 	
Retail investment services	  	55,544	 	 	58,441	  	54,989	  	53,250	  	52,257	 	
Other charges and fees	  	113,347	 	 	113,948	  	112,382	  	115,507	  	117,341	 	
Investment banking income	  	47,046	 	 	60,481	  	51,815	  	59,727	  	53,090	 	
Trading account profits and commissions	  	20,404	 	 	46,182	  	36,875	  	27,418	  	41,837	 	
Card fees	  	64,916	 	 	61,941	  	56,603	  	57,688	  	52,924	 	
Mortgage production related income	  	50,336	 	 	56,579	  	63,037	  	34,817	  	65,833	 	
Mortgage servicing related income	  	36,633	 	 	31,401	  	44,710	  	13,519	  	5,242	 	
Net gain on sale of Bond Trustee business	  	112,759	 	 	—  	  	—  	  	—  	  	—  	 	
Net gain on sale of RCM assets	  	—  	 	 	—  	  	—  	  	—  	  	3,508	 	
Other noninterest income	  	81,783	 	 	73,082	  	76,717	  	65,705	  	75,285	 	
Securities gains/(losses), net	  	(91,816	)	 	5,858	  	104	  	600	  	(2,069	)	
	  	 	 	 	 	  	 	  	 	  	 	 	
Total noninterest income	  	858,931	 	 	875,369	  	851,506	  	797,923	  	832,398	 	

NONINTEREST EXPENSE	  			 		  		  		  			
Employee compensation and benefits	  	674,322	 	 	689,073	  	704,965	  	643,801	  	632,333	 	
Net occupancy expense	  	85,613	 	 	81,710	  	81,044	  	83,217	  	79,519	 	
Outside processing and software	  	98,699	 	 	98,447	  	94,892	  	92,305	  	92,952	 	
Equipment expense	  	50,249	 	 	48,107	  	49,448	  	49,494	  	50,083	 	
Marketing and customer development	  	35,932	 	 	49,378	  	42,646	  	50,133	  	38,651	 	
Amortization of intangible assets	  	25,792	 	 	25,885	  	27,245	  	28,192	  	29,737	 	
Merger expense	  	—  	 	 	—  	  	—  	  	6,538	  	12,104	 	
Other noninterest expense	  	234,892	 	 	221,493	  	226,251	  	253,247	  	241,692	 	
	  	 	 	 	 	  	 	  	 	  	 	 	
Total noninterest expense	  	1,205,499	 	 	1,214,093	  	1,226,491	  	1,206,927	  	1,177,071	 	

INCOME BEFORE PROVISION FOR INCOME TAXES	  	743,256	 	 	778,260	  	770,653	  	729,906	  	741,595	 	
Provision for income taxes	  	207,668	 	 	234,258	  	239,126	  	211,435	  	230,821	 	
	  	 	 	 	 	  	 	  	 	  	 	 	
NET INCOME	  	$535,588	 	 	$544,002	  	$531,527	  	$518,471	  	$510,774	 	

Net interest income - FTE 1	  	$1,173,860	 	 	$1,190,026	  	$1,199,379	  	$1,207,061	  	$1,175,742	 	
						
Net income per average common share	  			 		  		  		  			
Diluted	  	1.47	 	 	1.49	  	1.46	  	1.43	  	1.40	 	
Basic	  	1.48	 	 	1.51	  	1.48	  	1.44	  	1.42	 	
Cash dividends paid per common share	  	0.61	 	 	0.61	  	0.61	  	0.55	  	0.55	 	
Average common shares outstanding (000s)	  			 		  		  		  			
Diluted	  	365,121	 	 	364,391	  	363,437	  	363,175	  	363,854	 	
Basic	  	361,805	 	 	361,267	  	359,934	  	359,203	  	359,702	 	

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

Page 6

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

																	
 	  	Three Months Ended	 	
 	  	September 30, 2006	 	 	June 30, 2006	 	
 	  	Average
Balances	 	 	Interest
Income/
Expense	  	Yields/
Rates	 	 	Average
Balances	 	 	Interest
Income/
Expense	  	Yields/
Rates	 	
ASSETS	  			 		  			 			 		  			
Loans:	  			 		  			 			 		  			
Real estate 1-4 family	  	$33,875.7	 	 	$519.4	  	6.13	%	 	$34,348.0	 	 	$515.1	  	6.00	%	
Real estate construction	  	12,805.6	 	 	247.5	  	7.67	 	 	12,180.6	 	 	226.4	  	7.45	 	
Real estate home equity lines	  	13,626.3	 	 	270.2	  	7.87	 	 	13,517.5	 	 	253.6	  	7.52	 	
Real estate commercial	  	12,808.6	 	 	223.4	  	6.92	 	 	12,840.8	 	 	215.5	  	6.73	 	
Commercial - FTE 1	  	34,306.9	 	 	542.1	  	6.27	 	 	33,993.0	 	 	516.7	  	6.10	 	
Business credit card	  	323.8	 	 	5.0	  	6.14	 	 	307.0	 	 	4.6	  	5.96	 	
Consumer - direct	  	4,206.9	 	 	76.7	  	7.23	 	 	4,251.1	 	 	75.9	  	7.16	 	
Consumer - indirect	  	8,339.1	 	 	121.5	  	5.78	 	 	8,385.8	 	 	117.0	  	5.60	 	
Nonaccrual and restructured	  	449.1	 	 	4.4	  	3.87	 	 	320.7	 	 	3.1	  	3.88	 	
	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	
Total loans	  	120,742.0	 	 	2,010.2	  	6.61	 	 	120,144.5	 	 	1,927.9	  	6.44	 	
Securities available for sale:	  			 		  			 			 		  			
Taxable	  	23,027.9	 	 	286.9	  	4.98	 	 	24,621.2	 	 	294.8	  	4.79	 	
Tax-exempt - FTE 1	  	968.7	 	 	14.1	  	5.84	 	 	933.6	 	 	13.7	  	5.85	 	
	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	
Total securities available for sale - FTE 1	  	23,996.6	 	 	301.0	  	5.02	 	 	25,554.8	 	 	308.5	  	4.83	 	
Funds sold and securities purchased under agreements to resell	  	1,084.1	 	 	14.3	  	5.16	 	 	1,244.1	 	 	15.2	  	4.83	 	
Loans held for sale	  	11,026.4	 	 	188.0	  	6.82	 	 	9,929.3	 	 	163.7	  	6.59	 	
Interest-bearing deposits	  	25.8	 	 	0.3	  	5.04	 	 	27.0	 	 	0.3	  	4.73	 	
Interest earning trading assets 2	  	2,039.8	 	 	34.2	  	6.64	 	 	1,989.1	 	 	28.7	  	5.78	 	
	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	
Total earning assets	  	158,914.7	 	 	2,548.0	  	6.36	 	 	158,888.8	 	 	2,444.3	  	6.17	 	
Allowance for loan and lease losses	  	(1,070.8	)	 		  			 	(1,050.1	)	 		  			
Cash and due from banks	  	3,705.8	 	 		  			 	3,899.6	 	 		  			
Premises and equipment	  	1,925.7	 	 		  			 	1,908.0	 	 		  			
Other assets	  	14,702.1	 	 		  			 	14,660.1	 	 		  			
Noninterest earning trading assets 2	  	948.8	 	 		  			 	909.7	 	 		  			
Unrealized gains on securities available for sale, net	  	1,374.6	 	 		  			 	1,528.0	 	 		  			
	  	 	 	 		  			 	 	 	 		  			
Total assets	  	$180,500.9	 	 		  			 	$180,744.1	 	 		  			

LIABILITIES AND SHAREHOLDERS’ EQUITY	  			 		  			 			 		  			
Interest-bearing deposits:	  			 		  			 			 		  			
NOW accounts	  	$16,596.2	 	 	$78.1	  	1.87	%	 	$16,811.2	 	 	$67.0	  	1.60	%	
Money market accounts	  	24,267.0	 	 	171.4	  	2.80	 	 	25,091.3	 	 	163.4	  	2.61	 	
Savings	  	5,591.2	 	 	24.1	  	1.71	 	 	5,161.0	 	 	16.2	  	1.26	 	
Consumer time	  	16,402.5	 	 	169.8	  	4.11	 	 	15,471.7	 	 	146.7	  	3.80	 	
Other time	  	11,852.2	 	 	138.1	  	4.62	 	 	10,779.1	 	 	114.8	  	4.27	 	
	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	
Total interest-bearing consumer and commercial deposits	  	74,709.1	 	 	581.5	  	3.09	 	 	73,314.3	 	 	508.1	  	2.78	 	
Brokered deposits	  	18,420.7	 	 	246.1	  	5.23	 	 	17,692.0	 	 	218.6	  	4.89	 	
Foreign deposits	  	9,537.6	 	 	128.5	  	5.27	 	 	9,502.3	 	 	117.5	  	4.89	 	
	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	
Total interest-bearing deposits	  	102,667.4	 	 	956.1	  	3.69	 	 	100,508.6	 	 	844.2	  	3.37	 	
Funds purchased	  	4,206.7	 	 	56.2	  	5.23	 	 	4,402.3	 	 	54.2	  	4.87	 	
Securities sold under agreements to repurchase	  	7,146.3	 	 	86.0	  	4.71	 	 	7,184.1	 	 	79.4	  	4.37	 	
Other short-term borrowings	  	1,001.3	 	 	16.9	  	6.70	 	 	1,252.4	 	 	18.0	  	5.78	 	
Long-term debt	  	17,735.2	 	 	258.9	  	5.79	 	 	18,438.0	 	 	258.5	  	5.62	 	
	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	
Total interest-bearing liabilities	  	132,756.9	 	 	1,374.1	  	4.11	 	 	131,785.4	 	 	1,254.3	  	3.82	 	
Noninterest-bearing deposits	  	22,933.4	 	 		  			 	23,858.0	 	 		  			
Other liabilities	  	7,148.8	 	 		  			 	7,796.3	 	 		  			
Shareholders’ equity	  	17,661.8	 	 		  			 	17,304.4	 	 		  			
	  	 	 	 		  			 	 	 	 		  			
Total liabilities and shareholders’ equity	  	$180,500.9	 	 		  			 	$180,744.1	 	 		  			
	  	 	 	 		  	 	 	 	 	 	 		  	 	 	
Interest Rate Spread	  			 		  	2.25	%	 			 		  	2.35	%	
	  			 	 	  	 	 	 			 	 	  	 	 	
Net Interest Income - FTE 1 	  			 	$1,173.9	  			 			 	$1,190.0	  			
	  			 	 	  	 	 	 			 	 	  	 	 	
Net Interest Margin 2 	  			 		  	2.93	%	 			 		  	3.00	%	

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. During the second quarter of 2006, the net interest margin calculation was revised as a result of the Company segregating certain noninterest earning trading assets that had previously been included with interest earning trading assets. All prior periods presented were restated to reflect this refinement. Management believes this refined method to be a more reflective measure of net interest margin due to the interest earning nature of these 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, 2006	 	 	December 31, 2005	 	 	September 30, 2005	 	
 	  	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	  	$31,489.6	 	 	$456.4	  	5.80	%	 	$29,893.4	 	 	$422.7	  	5.66	%	 	$28,250.5	 	 	$388.4	  	5.50	%	
Real estate construction	  	11,117.5	 	 	195.6	  	7.14	 	 	10,147.9	 	 	173.9	  	6.80	 	 	9,515.7	 	 	152.6	  	6.36	 	
Real estate home equity lines	  	13,389.9	 	 	235.1	  	7.12	 	 	13,067.7	 	 	218.2	  	6.62	 	 	12,648.6	 	 	195.7	  	6.14	 	
Real estate commercial	  	12,780.4	 	 	204.4	  	6.49	 	 	12,792.1	 	 	201.7	  	6.26	 	 	12,872.0	 	 	193.0	  	5.95	 	
Commercial - FTE 1	  	33,064.5	 	 	482.8	  	5.92	 	 	32,997.2	 	 	466.5	  	5.61	 	 	32,601.7	 	 	428.7	  	5.22	 	
Business credit card	  	278.1	 	 	4.4	  	6.30	 	 	271.8	 	 	4.2	  	6.21	 	 	223.5	 	 	3.8	  	6.89	 	
Consumer - direct	  	5,284.8	 	 	84.2	  	6.46	 	 	5,438.2	 	 	83.8	  	6.11	 	 	5,173.0	 	 	76.7	  	5.88	 	
Consumer - indirect	  	8,553.0	 	 	115.2	  	5.46	 	 	8,899.1	 	 	122.0	  	5.44	 	 	9,179.8	 	 	124.9	  	5.40	 	
Nonaccrual and restructured	  	304.5	 	 	4.1	  	5.52	 	 	320.2	 	 	3.5	  	4.31	 	 	353.6	 	 	3.8	  	4.25	 	
	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	
Total loans	  	116,262.3	 	 	1,782.2	  	6.22	 	 	113,827.6	 	 	1,696.5	  	5.91	 	 	110,818.4	 	 	1,567.6	  	5.61	 	
Securities available for sale:	  			 		  			 			 		  			 			 		  			
Taxable	  	23,927.9	 	 	283.1	  	4.73	 	 	24,005.4	 	 	273.8	  	4.56	 	 	25,252.1	 	 	281.6	  	4.46	 	
Tax-exempt - FTE 1	  	916.5	 	 	13.4	  	5.85	 	 	908.1	 	 	13.3	  	5.87	 	 	872.2	 	 	12.9	  	5.91	 	
	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	
Total securities available for sale - FTE 1	  	24,844.4	 	 	296.5	  	4.77	 	 	24,913.5	 	 	287.1	  	4.61	 	 	26,124.3	 	 	294.5	  	4.51	 	
Funds sold and securities purchased under agreements to resell	  	1,130.1	 	 	12.0	  	4.23	 	 	1,068.4	 	 	10.4	  	3.82	 	 	1,391.8	 	 	11.9	  	3.35	 	
Loans held for sale	  	11,359.6	 	 	177.9	  	6.26	 	 	11,980.8	 	 	180.9	  	6.04	 	 	8,571.5	 	 	123.0	  	5.74	 	
Interest-bearing deposits	  	293.6	 	 	2.4	  	3.34	 	 	31.9	 	 	0.3	  	3.96	 	 	18.5	 	 	0.2	  	3.72	 	
Interest earning trading assets 2	  	1,853.0	 	 	28.1	  	6.16	 	 	1,667.6	 	 	20.2	  	4.80	 	 	1,628.1	 	 	18.6	  	4.52	 	
	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	
Total earning assets	  	155,743.0	 	 	2,299.1	  	5.99	 	 	153,489.8	 	 	2,195.4	  	5.67	 	 	148,552.6	 	 	2,015.8	  	5.38	 	
Allowance for loan and lease losses	  	(1,037.8	)	 		  			 	(1,034.8	)	 		  			 	(1,036.5	)	 		  			
Cash and due from banks	  	4,056.0	 	 		  			 	4,349.2	 	 		  			 	4,226.8	 	 		  			
Premises and equipment	  	1,871.1	 	 		  			 	1,833.5	 	 		  			 	1,842.6	 	 		  			
Other assets	  	14,402.6	 	 		  			 	14,370.1	 	 		  			 	13,517.1	 	 		  			
Noninterest earning trading assets 2	  	970.6	 	 		  			 	890.1	 	 		  			 	729.2	 	 		  			
Unrealized gains on securities available for sale, net	  	1,612.8	 	 		  			 	1,871.2	 	 		  			 	2,102.2	 	 		  			
	  	 	 	 		  			 	 	 	 		  			 	 	 	 		  			
Total assets	  	$177,618.3	 	 		  			 	$175,769.1	 	 		  			 	$169,934.0	 	 		  			

LIABILITIES AND SHAREHOLDERS’ EQUITY	  			 		  			 			 		  			 			 		  			
Interest-bearing deposits:	  			 		  			 			 		  			 			 		  			
NOW accounts	  	$17,000.0	 	 	$60.5	  	1.44	%	 	$17,011.3	 	 	$52.2	  	1.22	%	 	$16,853.1	 	 	$44.3	  	1.04	%	
Money market accounts	  	25,628.4	 	 	146.6	  	2.32	 	 	25,797.6	 	 	128.6	  	1.98	 	 	26,299.7	 	 	125.5	  	1.89	 	
Savings	  	5,291.2	 	 	15.0	  	1.15	 	 	5,472.9	 	 	13.7	  	0.99	 	 	5,865.1	 	 	13.6	  	0.92	 	
Consumer time	  	13,894.6	 	 	117.3	  	3.42	 	 	13,231.5	 	 	106.8	  	3.20	 	 	12,419.3	 	 	91.7	  	2.93	 	
Other time	  	9,579.6	 	 	91.7	  	3.88	 	 	9,050.8	 	 	82.2	  	3.60	 	 	8,117.1	 	 	67.5	  	3.30	 	
	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	
Total interest-bearing consumer and commercial deposits	  	71,393.8	 	 	431.1	  	2.45	 	 	70,564.1	 	 	383.5	  	2.16	 	 	69,554.3	 	 	342.6	  	1.95	 	
Brokered deposits	  	15,447.9	 	 	172.7	  	4.47	 	 	13,658.6	 	 	142.8	  	4.09	 	 	10,940.4	 	 	94.6	  	3.38	 	
Foreign deposits	  	9,203.8	 	 	101.8	  	4.42	 	 	7,351.3	 	 	74.9	  	3.99	 	 	7,028.8	 	 	61.5	  	3.42	 	
	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	
Total interest-bearing deposits	  	96,045.5	 	 	705.6	  	2.98	 	 	91,574.0	 	 	601.2	  	2.60	 	 	87,523.5	 	 	498.7	  	2.26	 	
Funds purchased	  	3,974.9	 	 	43.8	  	4.40	 	 	4,742.3	 	 	47.9	  	3.95	 	 	3,468.1	 	 	30.3	  	3.41	 	
Securities sold under agreements to repurchase	  	6,865.1	 	 	68.4	  	3.99	 	 	6,452.1	 	 	58.1	  	3.53	 	 	6,671.1	 	 	51.7	  	3.03	 	
Other short-term borrowings	  	1,866.6	 	 	25.2	  	5.47	 	 	2,800.6	 	 	30.7	  	4.35	 	 	2,625.9	 	 	24.9	  	3.76	 	
Long-term debt	  	20,413.0	 	 	256.7	  	5.10	 	 	21,189.9	 	 	250.4	  	4.69	 	 	21,929.4	 	 	234.5	  	4.24	 	
	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	
Total interest-bearing liabilities	  	129,165.1	 	 	1,099.7	  	3.45	 	 	126,758.9	 	 	988.3	  	3.09	 	 	122,218.0	 	 	840.1	  	2.73	 	
Noninterest-bearing deposits	  	23,898.6	 	 		  			 	24,693.0	 	 		  			 	24,521.5	 	 		  			
Other liabilities	  	7,502.8	 	 		  			 	7,441.6	 	 		  			 	6,371.6	 	 		  			
Shareholders’ equity	  	17,051.8	 	 		  			 	16,875.6	 	 		  			 	16,822.9	 	 		  			
	  	 	 	 		  			 	 	 	 		  			 	 	 	 		  			
Total liabilities and shareholders’ equity	  	$177,618.3	 	 		  			 	$175,769.1	 	 		  			 	$169,934.0	 	 		  			

Interest Rate Spread	  			 		  	2.54	%	 			 		  	2.58	%	 			 		  	2.65	%	

Net Interest Income - FTE 1 	  			 	$1,199.4	  			 			 	$1,207.1	  			 			 	$1,175.7	  			

Net Interest Margin 2 	  			 		  	3.12	%	 			 		  	3.12	%	 			 		  	3.14	%	

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. During the second quarter of 2006, the net interest margin calculation was revised as a result of the Company segregating certain noninterest earning trading assets that had previously been included with interest earning trading assets. All prior periods presented were restated to reflect this refinement. Management believes this refined method to be a more reflective measure of net interest margin due to the interest earning nature of these assets.	
 
Page 8

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

																	
 	  	Nine Months Ended	 	
 	  	September 30, 2006	 	 	September 30, 2005	 	
 	  	Average
Balances	 	 	Interest
Income/
Expense	  	Yields/
Rates	 	 	Average
Balances	 	 	Interest
Income/
Expense	  	Yields/
Rates	 	
ASSETS	  			 		  			 			 		  			
Loans:	  			 		  			 			 		  			
Real estate 1-4 family	  	$33,246.6	 	 	$1,490.8	  	5.98	%	 	$25,987.8	 	 	$1,036.7	  	5.32	%	
Real estate construction	  	12,040.7	 	 	669.5	  	7.43	 	 	9,444.2	 	 	425.0	  	6.02	 	
Real estate home equity lines	  	13,512.1	 	 	758.9	  	7.51	 	 	12,122.9	 	 	522.2	  	5.76	 	
Real estate commercial	  	12,810.0	 	 	643.4	  	6.71	 	 	11,553.4	 	 	489.7	  	5.67	 	
Commercial - FTE 1	  	33,792.7	 	 	1,541.6	  	6.10	 	 	32,803.4	 	 	1,222.2	  	4.98	 	
Business credit card	  	303.1	 	 	13.9	  	6.13	 	 	211.5	 	 	10.7	  	6.74	 	
Consumer - direct	  	4,577.0	 	 	236.8	  	6.92	 	 	5,775.8	 	 	252.5	  	5.85	 	
Consumer - indirect	  	8,425.2	 	 	353.8	  	5.61	 	 	8,811.3	 	 	354.7	  	5.38	 	
Nonaccrual and restructured	  	358.6	 	 	11.6	  	4.33	 	 	317.9	 	 	9.7	  	4.08	 	
	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	
Total loans	  	119,066.0	 	 	5,720.3	  	6.42	 	 	107,028.2	 	 	4,323.4	  	5.40	 	
Securities available for sale:	  			 		  			 			 		  			
Taxable	  	23,855.7	 	 	864.8	  	4.83	 	 	26,081.0	 	 	863.2	  	4.41	 	
Tax-exempt - FTE 1	  	939.8	 	 	41.2	  	5.85	 	 	855.5	 	 	38.4	  	5.98	 	
	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	
Total securities available for sale - FTE 1	  	24,795.5	 	 	906.0	  	4.87	 	 	26,936.5	 	 	901.6	  	4.46	 	
Funds sold and securities purchased under agreement to resell	  	1,152.6	 	 	41.5	  	4.74	 	 	1,518.1	 	 	32.8	  	2.85	 	
Loans held for sale	  	10,770.5	 	 	529.6	  	6.56	 	 	7,257.2	 	 	304.9	  	5.60	 	
Interest-bearing deposits	  	114.5	 	 	3.0	  	3.58	 	 	22.6	 	 	0.5	  	3.24	 	
Interest earning trading assets 2	  	1,961.3	 	 	91.0	  	6.20	 	 	1,568.7	 	 	48.2	  	4.11	 	
	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	
Total earning assets	  	157,860.4	 	 	7,291.4	  	6.18	 	 	144,331.3	 	 	5,611.4	  	5.20	 	
Allowance for loan and lease losses	  	(1,053.0	)	 		  			 	(1,044.2	)	 		  			
Cash and due from banks	  	3,885.9	 	 		  			 	4,301.3	 	 		  			
Premises and equipment	  	1,901.8	 	 		  			 	1,851.1	 	 		  			
Other assets	  	14,589.3	 	 		  			 	13,321.6	 	 		  			
Noninterest earning trading assets 2	  	943.0	 	 		  			 	763.6	 	 		  			
Unrealized gains on securities available for sale, net	  	1,504.3	 	 		  			 	1,975.8	 	 		  			
	  	 	 	 		  			 	 	 	 		  			
Total assets	  	$179,631.7	 	 		  			 	$165,500.5	 	 		  			

LIABILITIES AND SHAREHOLDERS’ EQUITY	  			 		  			 			 		  			
Interest-bearing deposits:	  			 		  			 			 		  			
NOW accounts	  	$16,801.0	 	 	$205.6	  	1.64	%	 	$17,281.9	 	 	$116.7	  	0.90	%	
Money market accounts	  	24,990.6	 	 	481.4	  	2.58	 	 	25,518.9	 	 	310.3	  	1.63	 	
Savings	  	5,348.9	 	 	55.4	  	1.39	 	 	6,605.5	 	 	43.3	  	0.88	 	
Consumer time	  	15,265.4	 	 	433.8	  	3.80	 	 	12,288.8	 	 	248.0	  	2.70	 	
Other time	  	10,745.3	 	 	344.6	  	4.29	 	 	6,831.3	 	 	156.6	  	3.06	 	
	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	
Total interest-bearing consumer and commercial deposits	  	73,151.2	 	 	1,520.8	  	2.78	 	 	68,526.4	 	 	874.9	  	1.71	 	
Brokered deposits	  	17,197.8	 	 	637.5	  	4.89	 	 	9,010.7	 	 	211.6	  	3.10	 	
Foreign deposits	  	9,415.8	 	 	347.7	  	4.87	 	 	6,706.9	 	 	145.3	  	2.86	 	
	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	
Total interest-bearing deposits	  	99,764.8	 	 	2,506.0	  	3.36	 	 	84,244.0	 	 	1,231.8	  	1.95	 	
Funds purchased	  	4,195.5	 	 	154.2	  	4.85	 	 	3,600.5	 	 	80.7	  	2.95	 	
Securities sold under agreements to repurchase	  	7,066.2	 	 	233.8	  	4.36	 	 	6,439.9	 	 	125.5	  	2.57	 	
Other short-term borrowings	  	1,370.3	 	 	60.1	  	5.87	 	 	2,617.2	 	 	64.2	  	3.28	 	
Long-term debt	  	18,852.2	 	 	774.0	  	5.49	 	 	21,890.5	 	 	661.8	  	4.04	 	
	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	
Total interest-bearing liabilities	  	131,249.0	 	 	3,728.1	  	3.80	 	 	118,792.1	 	 	2,164.0	  	2.44	 	
Noninterest-bearing deposits	  	23,559.8	 	 		  			 	24,187.7	 	 		  			
Other liabilities	  	7,481.3	 	 		  			 	6,112.2	 	 		  			
Shareholders’ equity	  	17,341.6	 	 		  			 	16,408.5	 	 		  			

Total liabilities and shareholders’ equity	  	$179,631.7	 	 		  			 	$165,500.5	 	 		  			

Interest Rate Spread	  			 		  	2.38	%	 			 		  	2.76	%	

Net Interest Income - FTE 1 	  			 	$3,563.3	  			 			 	$3,447.4	  			

Net Interest Margin 2 	  			 		  	3.02	%	 			 		  	3.19	%	

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. During the second quarter of 2006, the net interest margin calculation was revised as a result of the Company segregating certain noninterest earning trading assets that had previously been included with interest earning trading assets. All prior periods presented were restated to reflect this refinement. Management believes this refined method to be a more reflective measure of net interest margin due to the interest earning nature of these assets.	
 
Page 9

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

																			
 	  	Three Months Ended	 	 	Nine Months Ended	 	
 	  	September 30	 	 	%
Change 1	 	 	September 30	 	 	%
Change 1	 	
 	  	2006	 	 	2005	 	 			 	2006	 	 	2005	 	 			
CREDIT DATA	  			 			 			 			 			 			
Allowance for loan and lease losses - beginning	  	$1,061,862	 	 	$1,036,173	 	 	2.5	%	 	$1,028,128	 	 	$1,050,024	 	 	(2.1	)%	
Provision for loan losses	  	61,568	 	 	70,393	 	 	(12.5	)	 	146,730	 	 	128,760	 	 	14.0	 	
Charge-offs	  			 			 			 			 			 			
Commercial	  	(23,062	)	 	(52,450	)	 	(56.0	)	 	(55,670	)	 	(88,841	)	 	(37.3	)	
Real estate:	  			 			 			 			 			 			
Home equity lines	  	(6,460	)	 	(6,992	)	 	(7.6	)	 	(17,778	)	 	(16,618	)	 	7.0	 	
Construction	  	(814	)	 	(748	)	 	8.8	 	 	(1,051	)	 	(2,736	)	 	(61.6	)	
Residential mortgages	  	(9,113	)	 	(9,106	)	 	0.1	 	 	(21,790	)	 	(16,808	)	 	29.6	 	
Commercial real estate	  	(487	)	 	(328	)	 	48.5	 	 	(3,794	)	 	(1,546	)	 	145.4	 	
Consumer:	  			 			 			 			 			 			
Direct	  	(4,544	)	 	(9,229	)	 	(50.8	)	 	(16,086	)	 	(27,485	)	 	(41.5	)	
Indirect	  	(18,639	)	 	(25,761	)	 	(27.6	)	 	(56,865	)	 	(81,475	)	 	(30.2	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total charge-offs	  	(63,119	)	 	(104,614	)	 	(39.7	)	 	(173,034	)	 	(235,509	)	 	(26.5	)	

Recoveries	  			 			 			 			 			 			
Commercial	  	9,636	 	 	7,732	 	 	24.6	 	 	23,314	 	 	26,747	 	 	(12.8	)	
Real estate:	  			 			 			 			 			 			
Home equity lines	  	1,618	 	 	2,030	 	 	(20.3	)	 	5,311	 	 	4,286	 	 	23.9	 	
Construction	  	520	 	 	205	 	 	NM	 	 	1,285	 	 	708	 	 	81.5	 	
Residential mortgages	  	1,831	 	 	2,137	 	 	(14.3	)	 	6,223	 	 	5,716	 	 	8.9	 	
Commercial real estate	  	475	 	 	1,415	 	 	(66.4	)	 	4,464	 	 	2,309	 	 	93.3	 	
Consumer:	  			 			 			 			 			 			
Direct	  	2,713	 	 	3,569	 	 	(24.0	)	 	9,321	 	 	9,950	 	 	(6.3	)	
Indirect	  	10,212	 	 	10,815	 	 	(5.6	)	 	35,574	 	 	36,864	 	 	(3.5	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total recoveries	  	27,005	 	 	27,903	 	 	(3.2	)	 	85,492	 	 	86,580	 	 	(1.3	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net charge-offs	  	(36,114	)	 	(76,711	)	 	(52.9	)	 	(87,542	)	 	(148,929	)	 	(41.2	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Allowance for loan and lease losses - ending	  	$1,087,316	 	 	$1,029,855	 	 	5.6	 	 	$1,087,316	 	 	$1,029,855	 	 	5.6	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net charge-offs to average loans (annualized)	  			 			 			 			 			 			
Commercial	  	0.15	%	 	0.54	%	 	(72.2	)%	 	0.13	%	 	0.25	%	 	(48.0	)%	
Real estate:	  			 			 			 			 			 			
Home equity lines	  	0.14	 	 	0.16	 	 	(12.5	)	 	0.12	 	 	0.14	 	 	(14.3	)	
Construction	  	0.01	 	 	0.02	 	 	(50.0	)	 	—  	 	 	0.03	 	 	(100.0	)	
Residential mortgages	  	0.08	 	 	0.10	 	 	(20.0	)	 	0.06	 	 	0.06	 	 	—  	 	
Commercial real estate	  	—  	 	 	(0.03	)	 	(100.0	)	 	(0.01	)	 	(0.01	)	 	—  	 	
Consumer:	  			 			 			 			 			 			
Direct	  	0.17	 	 	0.43	 	 	(60.5	)	 	0.20	 	 	0.41	 	 	(51.2	)	
Indirect	  	0.40	 	 	0.64	 	 	(37.5	)	 	0.34	 	 	0.67	 	 	(49.3	)	
Total net charge-offs to total average loans	  	0.12	%	 	0.27	%	 	(55.6	)%	 	0.10	%	 	0.19	%	 	(47.4	)%	
							
Period Ended	  			 			 			 			 			 			
Nonaccrual loans	  			 			 			 			 			 			
Commercial	  	$263,684	 	 	$98,291	 	 	NM	%	 			 			 			
Real estate:	  			 			 			 			 			 			
Construction	  	26,508	 	 	33,182	 	 	(20.1	)	 			 			 			
Residential mortgages	  	189,218	 	 	101,826	 	 	85.8	 	 			 			 			
Commercial real estate	  	54,394	 	 	50,546	 	 	7.6	 	 			 			 			
Consumer loans	  	22,685	 	 	23,943	 	 	(5.3	)	 			 			 			
	  	 	 	 	 	 	 			 			 			 			
Total nonaccrual loans	  	556,489	 	 	307,788	 	 	80.8	 	 			 			 			
Restructured loans	  	28,934	 	 	21,876	 	 	32.3	 	 			 			 			
	  	 	 	 	 	 	 			 			 			 			
Total nonperforming loans	  	585,423	 	 	329,664	 	 	77.6	 	 			 			 			
Other real estate owned (OREO)	  	41,690	 	 	26,013	 	 	60.3	 	 			 			 			
Other repossessed assets	  	6,670	 	 	7,060	 	 	(5.5	)	 			 			 			
	  	 	 	 	 	 	 			 			 			 			
Total nonperforming assets	  	$633,783 	  	 	$362,737	 	 	74.7	 	 			 			 			
	  	 	 	 	 	 	 			 			 			 			
Total accruing loans past due 90 days or more	  	$301,878	 	 	$318,694	 	 	(5.3	)%	 			 			 			

Total nonperforming loans to total loans	  	0.48	%	 	0.29	%	 	65.5	%	 			 			 			
Total nonperforming assets to total loans plus OREO and other repossessed assets	  	0.52	 	 	0.32	 	 	62.5	 	 			 			 			
Allowance to period-end loans	  	0.90	 	 	0.92	 	 	(2.2	)	 			 			 			
Allowance to nonperforming loans	  	185.7	 	 	312.4	 	 	(40.6	)	 			 			 			

1	“NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.	
 
Page 10

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

																			
 	  	Three Months Ended	 	
 	  	September 30
2006	 	 	June 30
2006	 	 	%
Change  1	 	 	March 31
2006	 	 	December 31
2005	 	 	September 30
2005	 	
CREDIT DATA	  			 			 			 			 			 			
Allowance for loan and lease losses - beginning	  	$1,061,862	 	 	$1,039,247	 	 	2.2	%	 	$1,028,128	 	 	$1,029,855	 	 	$1,036,173	 	
Provision for loan losses	  	61,568	 	 	51,759	 	 	19.0	 	 	33,403	 	 	48,126	 	 	70,393	 	
Charge-offs	  			 			 			 			 			 			
Commercial	  	(23,062	)	 	(19,155	)	 	20.4	 	 	(13,453	)	 	(23,157	)	 	(52,450	)	
Real estate:	  			 			 			 			 			 			
Home equity lines	  	(6,460	)	 	(5,534	)	 	16.7	 	 	(5,784	)	 	(7,930	)	 	(6,992	)	
Construction	  	(814	)	 	(109	)	 	NM	 	 	(128	)	 	(3,265	)	 	(748	)	
Residential mortgages	  	(9,113	)	 	(6,373	)	 	43.0	 	 	(6,304	)	 	(5,984	)	 	(9,106	)	
Commercial real estate	  	(487	)	 	(2,346	)	 	(79.2	)	 	(961	)	 	(1,551	)	 	(328	)	
Consumer:	  			 			 			 			 			 			
Direct	  	(4,544	)	 	(5,408	)	 	(16.0	)	 	(6,134	)	 	(9,714	)	 	(9,229	)	
Indirect	  	(18,639	)	 	(16,724	)	 	11.5	 	 	(21,502	)	 	(28,136	)	 	(25,761	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 	 	 	
Total charge-offs	  	(63,119	)	 	(55,649	)	 	13.4	 	 	(54,266	)	 	(79,737	)	 	(104,614	)	

Recoveries	  			 			 			 			 			 			
Commercial	  	9,636	 	 	6,595	 	 	46.1	 	 	7,083	 	 	9,561	 	 	7,732	 	
Real estate:	  			 			 			 			 			 			
Home equity lines	  	1,618	 	 	1,743	 	 	(7.2	)	 	1,950	 	 	1,877	 	 	2,030	 	
Construction	  	520	 	 	711	 	 	(26.9	)	 	54	 	 	90	 	 	205	 	
Residential mortgages	  	1,831	 	 	2,123	 	 	(13.8	)	 	2,269	 	 	2,409	 	 	2,137	 	
Commercial real estate	  	475	 	 	595	 	 	(20.2	)	 	3,394	 	 	369	 	 	1,415	 	
Consumer:	  			 			 			 			 			 			
Direct	  	2,713	 	 	3,014	 	 	(10.0	)	 	3,594	 	 	3,559	 	 	3,569	 	
Indirect	  	10,212	 	 	11,724	 	 	(12.9	)	 	13,638	 	 	12,019	 	 	10,815	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 	 	 	
Total recoveries	  	27,005	 	 	26,505	 	 	1.9	 	 	31,982	 	 	29,884	 	 	27,903	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 	 	 	
Net charge-offs	  	(36,114	)	 	(29,144	)	 	23.9	 	 	(22,284	)	 	(49,853	)	 	(76,711	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 	 	 	
Allowance for loan and lease losses - ending	  	$1,087,316	 	 	$1,061,862	 	 	2.4	 	 	$1,039,247	 	 	$1,028,128	 	 	$1,029,855	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 	 	 	
Net charge-offs to average loans (annualized)	  			 			 			 			 			 			
Commercial	  	0.15	%	 	0.15	%	 	—  	%	 	0.08	%	 	0.16	%	 	0.54	%	
Real estate:	  			 			 			 			 			 			
Home equity lines	  	0.14	 	 	0.11	 	 	27.3	 	 	0.12	 	 	0.18	 	 	0.16	 	
Construction	  	0.01	 	 	(0.02	)	 	NM	 	 	—  	 	 	0.12	 	 	0.02	 	
Residential mortgages	  	0.08	 	 	0.05	 	 	60.0	 	 	0.05	 	 	0.05	 	 	0.10	 	
Commercial real estate	  	—  	 	 	0.05	 	 	(100.0	)	 	(0.08	)	 	0.04	 	 	(0.03	)	
Consumer:	  			 			 			 			 			 			
Direct	  	0.17	 	 	0.23	 	 	(26.1	)	 	0.19	 	 	0.45	 	 	0.43	 	
Indirect	  	0.40	 	 	0.24	 	 	66.7	 	 	0.37	 	 	0.72	 	 	0.64	 	
Total net charge-offs to total average loans	  	0.12	%	 	0.10	%	 	20.0	%	 	0.08	%	 	0.17	%	 	0.27	%	
							
Period Ended	  			 			 			 			 			 			
Nonaccrual loans	  			 			 			 			 			 			
Commercial	  	$263,684	 	 	$69,184	 	 	NM	%	 	$52,911	 	 	$70,880	 	 	$98,291	 	
Real estate:	  			 			 			 			 			 			
Construction	  	26,508	 	 	21,743	 	 	21.9	 	 	28,130	 	 	24,442	 	 	33,182	 	
Residential mortgages	  	189,218	 	 	136,101	 	 	39.0	 	 	115,800	 	 	103,317	 	 	101,826	 	
Commercial real estate	  	54,394	 	 	53,081	 	 	2.5	 	 	45,626	 	 	44,603	 	 	50,546	 	
Consumer loans	  	22,685	 	 	18,861	 	 	20.3	 	 	20,327	 	 	28,732	 	 	23,943	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 	 	 	
Total nonaccrual loans	  	556,489	 	 	298,970	 	 	86.1	 	 	262,794	 	 	271,974	 	 	307,788	 	
Restructured loans	  	28,934	 	 	28,292	 	 	2.3	 	 	26,949	 	 	24,399	 	 	21,876	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 	 	 	
Total nonperforming loans	  	585,423	 	 	327,262	 	 	78.9	 	 	289,743	 	 	296,373	 	 	329,664	 	
Other real estate owned (OREO)	  	41,690	 	 	35,576	 	 	17.2	 	 	38,920	 	 	30,682	 	 	26,013	 	
Other repossessed assets	  	6,670	 	 	6,953	 	 	(4.1	)	 	5,652	 	 	7,160	 	 	7,060	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 	 	 	
Total nonperforming assets	  	$633,783	 	 	$369,791	 	 	71.4	 	 	$334,315	 	 	$334,215	 	 	$362,737	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 	 	 	
Total accruing loans past due 90 days or more	  	$301,878	 	 	$284,938	 	 	5.9	%	 	$399,462	 	 	$371,491	 	 	$318,694	 	

Total nonperforming loans to total loans	  	0.48	%	 	0.27	%	 	77.8	%	 	0.25	%	 	0.26	%	 	0.29	%	
Total nonperforming assets to total loans plus OREO and other repossessed assets	  	0.52	 	 	0.31	 	 	67.7	 	 	0.28	 	 	0.29	 	 	0.32	 	
Allowance to period-end loans	  	0.90	 	 	0.88	 	 	2.3	 	 	0.88	 	 	0.90	 	 	0.92	 	
Allowance to nonperforming loans	  	185.7	 	 	324.5	 	 	(42.8	)	 	358.7	 	 	346.9	 	 	312.4	 	

 
1	“NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.	
 
Page 11

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

																									
 	  	Three Months Ended
September 30	 	 	Nine Months Ended
September 30	 	
 	  	Core
Deposit
Intangible	 	 	Mortgage
Servicing
Rights	 	 	Other	 	 	Total	 	 	Core
Deposit
Intangible	 	 	Mortgage
Servicing
Rights	 	 	Other	 	 	Total	 	
OTHER INTANGIBLE ASSET ROLLFORWARD	  			 			 			 			 			 			 			 			
Balance, beginning of period	  	$372,838	 	 	$565,660	 	 	$156,305	 	 	$1,094,803	 	 	$424,143	 	 	$482,392	 	 	$154,916	 	 	$1,061,451	 	
Amortization	  	(24,820	)	 	(47,838	)	 	(4,917	)	 	(77,575	)	 	(76,125	)	 	(123,839	)	 	(14,647	)	 	(214,611	)	
Servicing rights originated	  	—  	 	 	95,645	 	 	—  	 	 	95,645	 	 	—  	 	 	254,914	 	 	—  	 	 	254,914	 	
Lighthouse Partners client relationships and noncompete agreements	  	—  	 	 	—  	 	 	—  	 	 	—  	 	 	—  	 	 	—  	 	 	11,119	 	 	11,119	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Balance, September 30, 2005	  	$348,018	 	 	$613,467	 	 	$151,388	 	 	$1,112,873	 	 	$348,018	 	 	$613,467	 	 	$151,388	 	 	$1,112,873	 	

Balance, beginning of period	  	$282,196	 	 	$720,374	 	 	$138,776	 	 	$1,141,346	 	 	$324,743	 	 	$657,604	 	 	$140,620	 	 	$1,122,967	 	
Amortization	  	(21,035	)	 	(49,632	)	 	(4,757	)	 	(75,424	)	 	(64,667	)	 	(139,975	)	 	(14,255	)	 	(218,897	)	
Servicing rights originated	  	—  	 	 	118,123	 	 	—  	 	 	118,123	 	 	—  	 	 	361,904	 	 	—  	 	 	361,904	 	
Community Bank of Florida branch acquisition	  	—  	 	 	—  	 	 	—  	 	 	—  	 	 	1,085	 	 	—  	 	 	—  	 	 	1,085	 	
Reclass to trading assets	  	—  	 	 	—  	 	 	—  	 	 	—  	 	 	—  	 	 	—  	 	 	(1,050	)	 	(1,050	)	
Purchase of AMA, LLC minority shares	  	—  	 	 	—  	 	 	599	 	 	599	 	 	—  	 	 	—  	 	 	5,072	 	 	5,072	 	
Sale/securitization of mortgage servicing rights	  	—  	 	 	(64,542	)	 	—  	 	 	(64,542	)	 	—  	 	 	(155,210	)	 	—  	 	 	(155,210	)	
Issuance of noncompete agreement	  	—  	 	 	—  	 	 	—  	 	 	—  	 	 	—  	 	 	—  	 	 	4,231	 	 	4,231	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Balance, September 30, 2006	  	$261,161	 	 	$724,323	 	 	$134,618	 	 	$1,120,102	 	 	$261,161	 	 	$724,323	 	 	$134,618	 	 	$1,120,102	 	

														
  	  	Three Months Ended	 	
 	  	September 30
2006	 	 	June 30
2006	  	March 31
2006	 	 	December 31
2005	  	September 30
2005	 	
COMMON SHARE ROLLFORWARD	  			 		  			 		  			
Beginning balance	  	364,129	 	 	363,339	  	361,984	 	 	361,248	  	362,160	 	
Acquisition and contingent consideration	  	—  	 	 	—  	  	203	 	 	—  	  	—  	 	
Common shares issued/exchanged for employee benefit plans, stock option, performance stock and restricted stock activity	  	1,379	 	 	790	  	2,687	 	 	736	  	868	 	
Acquisition of treasury stock	  	(1,640	)	 	—  	  	(1,535	)	 	—  	  	(1,780	)	
	  	 	 	 	 	  	 	 	 	 	  	 	 	
Ending balance	  	363,868	 	 	364,129	  	363,339	 	 	361,984	  	361,248	 	

COMMON STOCK REPURCHASE ACTIVITY	  			 		  			 		  			
Number of common shares repurchased 1	  	1,660	 	 	29	  	1,564	 	 	18	  	1,927	 	
Average price per share of repurchased common shares	  	$76.69	 	 	$75.73	  	$70.82	 	 	$73.67	  	$70.63	 	
Total cost to acquire treasury shares	  	$125,752	 	 	$—  	  	$108,622	 	 	$—  	  	$124,990	 	
Maximum number of common shares that may yet be purchased under plans or programs	  	8,360	 	 	10,000	  	10,000	 	 	3,253	  	3,253	 	

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) (Unaudited)

																						
 	  	Three Months Ended	 	 	Nine Months Ended	 	
 	  	September 30
2006	 	 	June 30
2006	 	 	March 31
2006	 	 	December 31
2005	 	 	September 30
2005	 	 	September 30
2006	 	 	September 30
2005	 	
								
NON-GAAP MEASURES PRESENTED IN THE EARNINGS RELEASE	  			 			 			 			 			 			 			
Net income	  	$535,588	 	 	$544,002	 	 	$531,527	 	 	$518,471	 	 	$510,774	 	 	$1,611,117	 	 	$1,468,768	 	
Securities (gains)/losses, net of tax	  	56,926	 	 	(3,632	)	 	(64	)	 	(372	)	 	1,283	 	 	53,229	 	 	4,808	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net income excluding securities gains and losses	  	592,514	 	 	540,370	 	 	531,463	 	 	518,099	 	 	512,057	 	 	1,664,346	 	 	1,473,576	 	
The Coca-Cola Company dividend, net of tax	  	(13,317	)	 	(13,316	)	 	(13,317	)	 	(12,027	)	 	(12,028	)	 	(39,950	)	 	(36,083	)	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net income excluding securities (gains)/losses and
The Coca-Cola Company dividend	  	$579,197	 	 	$527,054	 	 	$518,146	 	 	$506,072	 	 	$500,029	 	 	$1,624,396	 	 	$1,437,493	 	

Total average assets	  	$180,500,921	 	 	$180,744,146	 	 	$177,618,283	 	 	$175,769,140	 	 	$169,933,960	 	 	$179,631,675	 	 	$165,500,517	 	
Average net unrealized securities gains	  	(1,374,648	)	 	(1,528,041	)	 	(1,612,808	)	 	(1,871,230	)	 	(2,102,257	)	 	(1,504,293	)	 	(1,975,791	)	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Average assets less net unrealized securities gains	  	$179,126,273	 	 	$179,216,105	 	 	$176,005,475	 	 	$173,897,910	 	 	$167,831,703	 	 	$178,127,382	 	 	$163,524,726	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total average common shareholders’ equity	  	$17,558,581	 	 	$17,304,451	 	 	$17,051,805	 	 	$16,875,645	 	 	$16,822,919	 	 	$17,306,802	 	 	$16,408,550	 	
Average accumulated other comprehensive income	  	(821,317	)	 	(915,885	)	 	(963,683	)	 	(1,126,701	)	 	(1,331,103	)	 	(899,774	)	 	(1,252,121	)	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total average realized common shareholders’ equity	  	$16,737,264	 	 	$16,388,566	 	 	$16,088,122	 	 	$15,748,944	 	 	$15,491,816	 	 	$16,407,028	 	 	$15,156,429	 	

Return on average total assets	  	1.18	%	 	1.21	%	 	1.21	%	 	1.17	%	 	1.19	%	 	1.20	%	 	1.19	%	
Impact of excluding net realized and unrealized securities (gains)/losses and The Coca-Cola Company dividend	  	0.10	 	 	(0.03	)	 	(0.02	)	 	(0.02	)	 	(0.01	)	 	0.02	 	 	(0.01	)	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Return on average total assets less net unrealized securities gains 1	  	1.28	%	 	1.18	%	 	1.19	%	 	1.15	%	 	1.18	%	 	1.22	%	 	1.18	%	

Return on average common shareholders’ equity	  	12.10	%	 	12.61	%	 	12.64	%	 	12.19	%	 	12.05	%	 	12.45	%	 	11.97	%	
Impact of excluding net realized and unrealized securities (gains)/ losses and The Coca-Cola Company dividend	  	1.63	 	 	0.29	 	 	0.42	 	 	0.56	 	 	0.76	 	 	0.79	 	 	0.71	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Return on average realized common shareholders’ equity 2	  	13.73	%	 	12.90	%	 	13.06	%	 	12.75	%	 	12.81	%	 	13.24	%	 	12.68	%	

Efficiency ratio 3	  	59.30	%	 	58.78	%	 	59.80	%	 	60.20	%	 	58.62	%	 	59.29	%	 	60.02	%	
Impact of excluding amortization of intangible assets	  	(1.27	)	 	(1.25	)	 	(1.33	)	 	(1.41	)	 	(1.49	)	 	(1.28	)	 	(1.57	)	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Tangible efficiency ratio 4	  	58.03	%	 	57.53	%	 	58.47	%	 	58.79	%	 	57.13	%	 	58.01	%	 	58.45	%	

Total shareholders’ equity	  	$18,589,307	 	 	$17,423,920	 	 	$17,157,448	 	 	$16,887,395	 	 	$16,717,750	 	 			 			
Goodwill	  	(6,903,001	)	 	(6,900,222	)	 	(6,897,105	)	 	(6,835,168	)	 	(6,841,631	)	 			 			
Other intangible assets including mortgage servicing rights (“MSRs”)	  	(1,120,102	)	 	(1,141,346	)	 	(1,123,463	)	 	(1,122,967	)	 	(1,112,873	)	 			 			
Mortgage servicing rights	  	724,323	 	 	720,374	 	 	680,837	 	 	657,604	 	 	613,467	 	 			 			
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 			 			
Tangible equity	  	$11,290,527	 	 	$10,102,726	 	 	$9,817,717	 	 	$9,586,864	 	 	$9,376,713	 	 			 			

Total assets	  	$183,104,553	 	 	$181,143,444	 	 	$178,876,476	 	 	$179,712,841	 	 	$172,416,096	 	 			 			
Goodwill	  	(6,903,001	)	 	(6,900,222	)	 	(6,897,105	)	 	(6,835,168	)	 	(6,841,631	)	 			 			
Other intangible assets including MSRs	  	(1,120,102	)	 	(1,141,346	)	 	(1,123,463	)	 	(1,122,967	)	 	(1,112,873	)	 			 			
Mortgage servicing rights	  	724,323	 	 	720,374	 	 	680,837	 	 	657,604	 	 	613,467	 	 			 			
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 			 			
Tangible assets	  	$175,805,773	 	 	$173,822,250	 	 	$171,536,745	 	 	$172,412,310	 	 	$165,075,059	 	 			 			
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 			 			
Tangible equity to tangible assets 5	  	6.42	%	 	5.81	%	 	5.72	%	 	5.56	%	 	5.68	%	 			 			
								
Noninterest income	  	$858,931	 	 	$875,369	 	 	$851,506	 	 	$797,923	 	 	$832,398	 	 	$2,585,806	 	 	$2,357,121	 	
Securities (gains)/losses, net	  	91,816	 	 	(5,858	)	 	(104	)	 	(600	)	 	2,069	 	 	85,854	 	 	7,755	 	
Net gain on sale of RCM assets	  	—  	 	 	—  	 	 	—  	 	 	—  	 	 	(3,508	)	 	—  	 	 	(23,382	)	
Net gain on sale of Bond Trustee business	  	(112,759	)	 	—  	 	 	—  	 	 	—  	 	 	—  	 	 	(112,759	)	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total noninterest income excluding securities (gains)/losses, net gain on sale of RCM assets and net gain on sale of Bond Trustee business 6	  	$837,988	 	 	$869,511	 	 	$851,402	 	 	$797,323	 	 	$830,959	 	 	$2,558,901	 	 	$2,341,494	 	

Net interest income	  	$1,151,392	 	 	$1,168,743	 	 	$1,179,041	 	 	$1,187,036	 	 	$1,156,661	 	 	$3,499,176	 	 	$3,391,930	 	
Taxable-equivalent adjustment	  	22,468	 	 	21,283	 	 	20,338	 	 	20,025	 	 	19,081	 	 	64,089	 	 	55,467	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net interest income - FTE	  	1,173,860	 	 	1,190,026	 	 	1,199,379	 	 	1,207,061	 	 	1,175,742	 	 	3,563,265	 	 	3,447,397	 	
Noninterest income	  	858,931	 	 	875,369	 	 	851,506	 	 	797,923	 	 	832,398	 	 	2,585,806	 	 	2,357,121	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenue - FTE	  	2,032,791	 	 	2,065,395	 	 	2,050,885	 	 	2,004,984	 	 	2,008,140	 	 	6,149,071	 	 	5,804,518	 	
Securities (gains)/losses, net	  	91,816	 	 	(5,858	)	 	(104	)	 	(600	)	 	2,069	 	 	85,854	 	 	7,755	 	
Net gain on sale of RCM assets	  	—  	 	 	—  	 	 	—  	 	 	—  	 	 	(3,508	)	 	—  	 	 	(23,382	)	
Net gain on sale of Bond Trustee business	  	(112,759	)	 	—  	 	 	—  	 	 	—  	 	 	—  	 	 	(112,759	)	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenue - FTE excluding securities (gains)/losses, net gain on sale of RCM assets and net gain on sale of Bond Trustee business 6	  	$2,011,848	 	 	$2,059,537	 	 	$2,050,781	 	 	$2,004,384	 	 	$2,006,701	 	 	$6,122,166	 	 	$5,788,891	 	

 	  	Three Months Ended	 	
 	  	September 30
2006	 	 	June 30 2006	 	 	% Change	 	 	Sequential
Annualized
% 7	 	 	September
30 2006	 	 	September 30
2005	 	 	% Change	 	
								
 AVERAGE LOW COST CONSUMER AND COMMERCIAL DEPOSIT RECONCILEMENT	  			 			 			 			 			 			 			
								
Noninterest-bearing deposits	  	$22,933,390	 	 	$23,857,990	 	 	(3.9	)%	 	(15.5	)%	 	$22,933,390	 	 	$24,521,452	 	 	(6.5	)%	
NOW accounts	  	16,596,201	 	 	16,811,236	 	 	(1.3	)	 	(5.1	)	 	16,596,201	 	 	16,853,139	 	 	(1.5	)	
Savings	  	5,591,162	 	 	5,160,986	 	 	8.3	 	 	33.3	 	 	5,591,162	 	 	5,865,099	 	 	(4.7	)	
	  	 	 	 	 	 	 			 			 	 	 	 	 	 	 			
Total average low cost consumer and commercial deposits	  	$45,120,753	 	 	$45,830,212	 	 	(1.5	)%	 	(6.2	)%	 	$45,120,753	 	 	$47,239,690	 	 	(4.5	)%	

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 common shareholders’ equity is more indicative of the Company’s return on equity because the excluded equity relates primarily to long term holding of a specific security. The return on average realized common shareholders’ equity is computed by dividing annualized net income, excluding securities gains/losses and The Coca-Cola Company dividend, by average realized common shareholders’ equity.	
3	Computed by dividing noninterest expense by total revenue - FTE. The efficiency ratios are presented on an FTE basis. The FTE basis adjusts for the tax-favored status of net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources.	
4	SunTrust presents a tangible efficiency ratio which excludes the cost of intangible assets. The Company believes this measure is useful to investors because, by removing the effect of intangible asset costs (the level of which may vary from company to company) it allows investors to more easily compare the Company’s efficiency to other companies in the industry. This measure is utilized by management to assess the efficiency of the Company and its lines of business.	
5	SunTrust presents a tangible equity to tangible assets ratio that excludes the impact of purchase accounting intangible assets. The Company believes this measure is useful to investors because, by removing the effect of intangible assets that result from merger and acquisition activity (the level of which may vary from company to company) it allows investors to more easily compare the Company’s capital adequacy to other companies in the industry. This measure is used by management to analyze capital adequacy.	
6	SunTrust presents total noninterest income and total revenue excluding realized securities gains/losses, the net gain on the sale of RCM assets and the net gain on the sale of the Bond Trustee business. 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 and the net gain on the sale of the Bond Trustee business because the Company believes the exclusion of the net gains are more indicative of normalized operations.	
7	Multiply percentage change by 4 to calculate sequential annualized change.	
 
Page 13

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

																						
 	  	Three Months Ended	 	 	Nine Months Ended	 	
 	  	September 30
2006	 	 	June 30
2006	 	 	March 31
2006	 	 	December 31
2005	 	 	September 30
2005	 	 	September 30
2006	 	 	September 30
2005	 	
SELECTED NON-GAAP MEASURES PRESENTED IN THE EARNINGS RELEASE   1	  			 			 			 			 			 			 			
								
Noninterest expense	  	$1,205,499	 	 	$1,214,093	 	 	$1,226,491	 	 	$1,206,927	 	 	$1,177,071	 	 	$3,646,083	 	 	$3,483,802	 	
Merger expense	  	—  	 	 	—  	 	 	—  	 	 	(6,538	)	 	(12,104	)	 	—  	 	 	(92,104	)	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Noninterest expense excluding merger expense	  	$1,205,499	 	 	$1,214,093	 	 	$1,226,491	 	 	$1,200,389	 	 	$1,164,967	 	 	$3,646,083	 	 	$3,391,698	 	

Noninterest expense	  	$1,205,499	 	 	$1,214,093	 	 	$1,226,491	 	 	$1,206,927	 	 	$1,177,071	 	 	$3,646,083	 	 	$3,483,802	 	
Amortization of intangible assets	  	(25,792	)	 	(25,885	)	 	(27,245	)	 	(28,192	)	 	(29,737	)	 	(78,922	)	 	(90,772	)	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Noninterest expense excluding amortization of intangible assets	  	$1,179,707	 	 	$1,188,208	 	 	$1,199,246	 	 	$1,178,735	 	 	$1,147,334	 	 	$3,567,161	 	 	$3,393,030	 	

Return on average total assets	  	1.18	%	 	1.21	%	 	1.21	%	 	1.17	%	 	1.19	%	 	1.20	%	 	1.19	%	
Impact of excluding merger expense	  	—  	 	 	—  	 	 	—  	 	 	0.01	 	 	0.02	 	 	—  	 	 	0.04	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Return on average total assets excluding merger expense 2	  	1.18	%	 	1.21	%	 	1.21	%	 	1.18	%	 	1.21	%	 	1.20	%	 	1.23	%	

Return on average common shareholders’ equity	  	12.10	%	 	12.61	%	 	12.64	%	 	12.19	%	 	12.05	%	 	12.45	%	 	11.97	%	
Impact of excluding merger expense	  	—  	 	 	—  	 	 	—  	 	 	0.09	 	 	0.17	 	 	—  	 	 	0.46	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Return on average common shareholders’ equity excluding merger expense 3	  	12.10	%	 	12.61	%	 	12.64	%	 	12.28	%	 	12.22	%	 	12.45	%	 	12.43	%	

Efficiency ratio 4	  	59.30	%	 	58.78	%	 	59.80	%	 	60.20	%	 	58.62	%	 	59.29	%	 	60.02	%	
Impact of excluding merger expense	  	—  	 	 	—  	 	 	—  	 	 	(0.33	)	 	(0.61	)	 	—  	 	 	(1.59	)	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Efficiency ratio excluding merger expense	  	59.30	 	 	58.78	 	 	59.80	 	 	59.87	 	 	58.01	 	 	59.29	 	 	58.43	 	
Impact of net gain on sale of RCM assets	  	—  	 	 	—  	 	 	—  	 	 	—  	 	 	0.10	 	 	—  	 	 	0.24	 	
Impact of securities gains/(losses), net	  	(2.56	)	 	0.17	 	 	0.01	 	 	0.02	 	 	(0.06	)	 	(0.83	)	 	(0.08	)	
Impact of net gain on sale of Bond Trustee business	  	3.18	 	 	—  	 	 	—  	 	 	—  	 	 	—  	 	 	1.10	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Efficiency ratio excluding merger expense, net gain on sale of RCM assets, securities gains/(losses) and net gain on sale of Bond Trustee business	  	59.92	%	 	58.95	%	 	59.81	%	 	59.89	%	 	58.05	%	 	59.56	%	 	58.59	%	

Tangible efficiency ratio 5	  	58.03	%	 	57.53	%	 	58.47	%	 	58.79	%	 	57.13	%	 	58.01	%	 	58.45	%	
Impact of excluding merger expense	  	—  	 	 	—  	 	 	—  	 	 	(0.33	)	 	(0.60	)	 	—  	 	 	(1.59	)	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Tangible efficiency ratio excluding merger expense	  	58.03	 	 	57.53	 	 	58.47	 	 	58.46	 	 	56.53	 	 	58.01	 	 	56.86	 	
Impact of net gain on sale of RCM assets	  	—  	 	 	—  	 	 	—  	 	 	—  	 	 	0.10	 	 	—  	 	 	0.24	 	
Impact of securities gains/(losses), net	  	(2.50	)	 	0.16	 	 	0.01	 	 	0.02	 	 	(0.06	)	 	(0.81	)	 	(0.08	)	
Impact of net gain on sale of Bond Trustee business	  	3.11	 	 	—  	 	 	—  	 	 	—  	 	 	—  	 	 	1.07	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Tangible efficiency ratio excluding merger expense, net gain on sale of RCM assets, securities gains/(losses) and net gain on sale of Bond Trustee business	  	58.64	%	 	57.69	%	 	58.48	%	 	58.48	%	 	56.57	%	 	58.27	%	 	57.02	%	

1	SunTrust presents selected financial data on a basis that excludes merger expense, which represents 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 and the net gain on the sale of the Bond Trustee business. The Company believes the exclusion of these measures is more reflective of normalized operations. In addition, the Company presents measures that exclude realized securities gains/losses. Management believes it is more indicative of the Company’s performance because it isolates income that is primarily customer relationship and customer transaction driven.	
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 common shareholders’ equity.	
4	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.	
5	SunTrust presents a tangible efficiency ratio which excludes the cost of intangible assets. The Company believes this measure is useful to investors because, by removing the effect of intangible asset costs (the level of which may vary from company to company) it allows investors to more easily compare the Company’s efficiency to other companies in the industry. This measure is utilized by management to assess the efficiency of the Company and its lines of business.	
 
Page 14

SunTrust Banks, Inc. and Subsidiaries
QUARTER-TO-QUARTER COMPARISON - ACTUAL
APPENDIX B TO THE EARNINGS RELEASE (UNAUDITED)

																												
 	  	Three Months Ended	 	
 	  	September 30
2006	 	 	June 30
2006	 	 	Increase/
(Decrease)	 	 	Sequential
Annualized  3
%	 	 	September 30
2006	 	 	September 30
2005	 	 	Increase/
(Decrease)	 	
 	  			 			 	Amount	 	 	%	 	 			 			 			 	Amount	 	 	%	 	
STATEMENTS OF INCOME (Dollars in thousands)	  			 			 			 			 			 			 			 			 			
NET INTEREST INCOME	  	$1,151,392	 	 	$1,168,743	 	 	($17,351	)	 	(1.5	)%	 	(5.9	)%	 	$1,151,392	 	 	$1,156,661	 	 	($5,269	)	 	(0.5	)%	
Provision for loan losses	  	61,568	 	 	51,759	 	 	9,809	 	 	19.0	 	 	75.8	 	 	61,568	 	 	70,393	 	 	(8,825	)	 	(12.5	)	
	  	 	 	 	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	 			
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	  	1,089,824	 	 	1,116,984	 	 	(27,160	)	 	(2.4	)	 	(9.7	)	 	1,089,824	 	 	1,086,268	 	 	3,556	 	 	0.3	 	

NONINTEREST INCOME	  			 			 			 			 			 			 			 			 			
Service charges on deposit accounts	  	194,262	 	 	191,645	 	 	2,617	 	 	1.4	 	 	5.5	 	 	194,262	 	 	198,348	 	 	(4,086	)	 	(2.1	)	
Trust and investment management income	  	173,717	 	 	175,811	 	 	(2,094	)	 	(1.2	)	 	(4.8	)	 	173,717	 	 	168,802	 	 	4,915	 	 	2.9	 	
Retail investment services	  	55,544	 	 	58,441	 	 	(2,897	)	 	(5.0	)	 	(19.8	)	 	55,544	 	 	52,257	 	 	3,287	 	 	6.3	 	
Other charges and fees	  	113,347	 	 	113,948	 	 	(601	)	 	(0.5	)	 	(2.1	)	 	113,347	 	 	117,341	 	 	(3,994	)	 	(3.4	)	
Investment banking income	  	47,046	 	 	60,481	 	 	(13,435	)	 	(22.2	)	 	(88.9	)	 	47,046	 	 	53,090	 	 	(6,044	)	 	(11.4	)	
Trading account profits and commissions	  	20,404	 	 	46,182	 	 	(25,778	)	 	(55.8	)	 	NM	 	 	20,404	 	 	41,837	 	 	(21,433	)	 	(51.2	)	
Card fees	  	64,916	 	 	61,941	 	 	2,975	 	 	4.8	 	 	19.2	 	 	64,916	 	 	52,924	 	 	11,992	 	 	22.7	 	
Mortgage production related income	  	50,336	 	 	56,579	 	 	(6,243	)	 	(11.0	)	 	(44.1	)	 	50,336	 	 	65,833	 	 	(15,497	)	 	(23.5	)	
Mortgage servicing related income	  	36,633	 	 	31,401	 	 	5,232	 	 	16.7	 	 	66.6	 	 	36,633	 	 	5,242	 	 	31,391	 	 	NM	 	
Other noninterest income	  	81,783	 	 	73,082	 	 	8,701	 	 	11.9	 	 	47.6	 	 	81,783	 	 	75,285	 	 	6,498	 	 	8.6	 	
	  	 	 	 	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	 			
Noninterest income before net securities gains/(losses), net gain on sale of RCM assets and net gain on sale of Bond Trustee business 1	  	837,988	 	 	869,511	 	 	(31,523	)	 	(3.6	)	 	(14.5	)	 	837,988	 	 	830,959	 	 	7,029	 	 	0.8	 	
Net gain on sale of RCM assets	  	—  	 	 	—  	 	 	—  	 	 	—  	 	 	—  	 	 	—  	 	 	3,508	 	 	(3,508	)	 	(100.0	)	
Net gain on sale of Bond Trustee business	  	112,759	 	 	—  	 	 	112,759	 	 	100.0	 	 	NM	 	 	112,759	 	 	—  	 	 	112,759	 	 	100.0	 	
	  	 	 	 	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	 			
Noninterest income before net securities gains/(losses) 1	  	950,747	 	 	869,511	 	 	81,236	 	 	9.3	 	 	37.4	 	 	950,747	 	 	834,467	 	 	116,280	 	 	13.9	 	
Securities gains/(losses), net	  	(91,816	)	 	5,858	 	 	(97,674	)	 	NM	 	 	NM	 	 	(91,816	)	 	(2,069	)	 	(89,747	)	 	NM	 	
	  	 	 	 	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	 			
Total noninterest income	  	858,931	 	 	875,369	 	 	(16,438	)	 	(1.9	)	 	(7.5	)	 	858,931	 	 	832,398	 	 	26,533	 	 	3.2	 	

NONINTEREST EXPENSE	  			 			 			 			 			 			 			 			 			
Employee compensation and benefits	  	674,322	 	 	689,073	 	 	(14,751	)	 	(2.1	)	 	(8.6	)	 	674,322	 	 	632,333	 	 	41,989	 	 	6.6	 	
Net occupancy expense	  	85,613	 	 	81,710	 	 	3,903	 	 	4.8	 	 	19.1	 	 	85,613	 	 	79,519	 	 	6,094	 	 	7.7	 	
Outside processing and software	  	98,699	 	 	98,447	 	 	252	 	 	0.3	 	 	1.0	 	 	98,699	 	 	92,952	 	 	5,747	 	 	6.2	 	
Equipment expense	  	50,249	 	 	48,107	 	 	2,142	 	 	4.5	 	 	17.8	 	 	50,249	 	 	50,083	 	 	166	 	 	0.3	 	
Marketing and customer development	  	35,932	 	 	49,378	 	 	(13,446	)	 	(27.2	)	 	NM	 	 	35,932	 	 	38,651	 	 	(2,719	)	 	(7.0	)	
Other noninterest expense	  	234,892	 	 	221,493	 	 	13,399	 	 	6.0	 	 	24.2	 	 	234,892	 	 	216,020	 	 	18,872	 	 	8.7	 	
	  	 	 	 	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	 			
Noninterest expense before Affordable Housing impairment charge, amortization of intangible assets and merger expense 2	  	1,179,707	 	 	1,188,208	 	 	(8,501	)	 	(0.7	)	 	(2.9	)	 	1,179,707	 	 	1,109,558	 	 	70,149	 	 	6.3	 	
Impairment charge on Affordable Housing Properties	  	—  	 	 	—  	 	 	—  	 	 	—  	 	 	—  	 	 	—  	 	 	25,672	 	 	(25,672	)	 	(100.0	)	
Amortization of intangible assets	  	25,792	 	 	25,885	 	 	(93	)	 	(0.4	)	 	(1.4	)	 	25,792	 	 	29,737	 	 	(3,945	)	 	(13.3	)	
Merger expense	  	—  	 	 	—  	 	 	—  	 	 	—  	 	 	—  	 	 	—  	 	 	12,104	 	 	(12,104	)	 	(100.0	)	
	  	 	 	 	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	 			
Total noninterest expense	  	1,205,499	 	 	1,214,093	 	 	(8,594	)	 	(0.7	)	 	(2.8	)	 	1,205,499	 	 	1,177,071	 	 	28,428	 	 	2.4	 	
	  	 	 	 	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	 			
INCOME BEFORE INCOME TAXES	  	743,256	 	 	778,260	 	 	(35,004	)	 	(4.5	)	 	(18.0	)	 	743,256	 	 	741,595	 	 	1,661	 	 	0.2	 	
Provision for income taxes	  	207,668	 	 	234,258	 	 	(26,590	)	 	(11.4	)	 	(45.4	)	 	207,668	 	 	230,821	 	 	(23,153	)	 	(10.0	)	
	  	 	 	 	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	 			
NET INCOME	  	535,588	 	 	544,002	 	 	(8,414	)	 	(1.5	)	 	(6.2	)	 	535,588	 	 	510,774	 	 	24,814	 	 	4.9	 	
Merger expense, net of tax	  	—  	 	 	—  	 	 	—  	 	 	—  	 	 	—  	 	 	—  	 	 	7,505	 	 	(7,505	)	 	(100.0	)	
	  	 	 	 	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	 			
NET INCOME EXCLUDING MERGER EXPENSE 1	  	535,588	 	 	544,002	 	 	(8,414	)	 	(1.5	)	 	(6.2	)	 	535,588	 	 	518,279	 	 	17,309	 	 	3.3	 	
Net gain on sale of RCM assets, net of tax	  	—  	 	 	—  	 	 	—  	 	 	—  	 	 	—  	 	 	—  	 	 	(2,175	)	 	2,175	 	 	(100.0	)	
Net securities (gains)/losses, net of tax	  	56,926	 	 	(3,632	)	 	60,558	 	 	NM	 	 	NM	 	 	56,926	 	 	1,283	 	 	55,643	 	 	NM	 	
Net gain on sale of Bond Trustee business, net of tax	  	(69,911	)	 	—  	 	 	(69,911	)	 	(100.0	)	 	NM	 	 	(69,911	)	 	—  	 	 	(69,911	)	 	(100.0	)	
	  	 	 	 	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	 			
NET INCOME EXCLUDING MERGER EXPENSE, NET GAIN ON SALE OF RCM ASSETS, SECURITIES (GAINS)/LOSSES AND NET GAIN ON SALE OF BOND TRUSTEE BUSINESS 1	  	$522,603	 	 	$540,370	 	 	($17,767	)	 	(3.3	)%	 	(13.2	)%	 	$522,603	 	 	$517,387	 	 	$5,216	 	 	1.0	%	
	  	 	 	 	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	 			
REVENUE (Dollars in thousands)	  			 			 			 			 			 			 			 			 			
Net interest income	  	$1,151,392	 	 	$1,168,743	 	 	($17,351	)	 	(1.5	)%	 	(5.9	)%	 	$1,151,392	 	 	$1,156,661	 	 	($5,269	)	 	(0.5	)%	
Taxable-equivalent adjustment	  	22,468	 	 	21,283	 	 	1,185	 	 	5.6	 	 	22.3	 	 	22,468	 	 	19,081	 	 	3,387	 	 	17.8	 	
	  	 	 	 	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	 			
Net interest income - FTE	  	1,173,860	 	 	1,190,026	 	 	(16,166	)	 	(1.4	)	 	(5.4	)	 	1,173,860	 	 	1,175,742	 	 	(1,882	)	 	(0.2	)	
Noninterest income	  	858,931	 	 	875,369	 	 	(16,438	)	 	(1.9	)	 	(7.5	)	 	858,931	 	 	832,398	 	 	26,533	 	 	3.2	 	
	  	 	 	 	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	 			
Total revenue - FTE	  	2,032,791	 	 	2,065,395	 	 	(32,604	)	 	(1.6	)	 	(6.3	)	 	2,032,791	 	 	2,008,140	 	 	24,651	 	 	1.2	 	
Net securities (gains)/losses	  	91,816	 	 	(5,858	)	 	97,674	 	 	NM	 	 	NM	 	 	91,816	 	 	2,069	 	 	89,747	 	 	NM	 	
Net gain on sale of RCM assets	  	—  	 	 	—  	 	 	—  	 	 	—  	 	 	—  	 	 	—  	 	 	(3,508	)	 	3,508	 	 	(100.0	)	
Net gain on sale of Bond Trustee business	  	(112,759	)	 	—  	 	 	(112,759	)	 	(100.0	)	 	NM	 	 	(112,759	)	 	—  	 	 	(112,759	)	 	(100.0	)	
	  	 	 	 	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	 			
Total revenue - FTE excluding securities (gains)/losses, net gain on sale of RCM assets and net gain on sale of Bond Trustee business	  	$2,011,848	 	 	$2,059,537	 	 	($47,689	)	 	(2.3	)%	 	(9.3	)%	 	$2,011,848	 	 	$2,006,701	 	 	$5,147	 	 	0.3	%	
	  	 	 	 	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	 			
SELECTED AVERAGE BALANCES (Dollars in millions)	  			 			 			 			 			 			 			 			 			
Average loans	  			 			 			 			 			 			 			 			 			
Commercial - FTE	  	$34,307	 	 	$33,993	 	 	$314	 	 	0.9	%	 	3.7	%	 	$34,307	 	 	$32,602	 	 	$1,705	 	 	5.2	%	
Real estate home equity lines	  	13,626	 	 	13,517	 	 	109	 	 	0.8	 	 	3.2	 	 	13,626	 	 	12,648	 	 	978	 	 	7.7	 	
Real estate construction	  	12,806	 	 	12,181	 	 	625	 	 	5.1	 	 	20.5	 	 	12,806	 	 	9,516	 	 	3,290	 	 	34.6	 	
Real estate 1-4 family	  	33,876	 	 	34,348	 	 	(472	)	 	(1.4	)	 	(5.5	)	 	33,876	 	 	28,250	 	 	5,626	 	 	19.9	 	
Real estate commercial	  	12,808	 	 	12,841	 	 	(33	)	 	(0.3	)	 	(1.0	)	 	12,808	 	 	12,872	 	 	(64	)	 	(0.5	)	
Business credit card	  	324	 	 	307	 	 	17	 	 	5.5	 	 	22.1	 	 	324	 	 	223	 	 	101	 	 	45.3	 	
Consumer - direct	  	4,207	 	 	4,251	 	 	(44	)	 	(1.0	)	 	(4.1	)	 	4,207	 	 	5,173	 	 	(966	)	 	(18.7	)	
Consumer - indirect	  	8,339	 	 	8,386	 	 	(47	)	 	(0.6	)	 	(2.2	)	 	8,339	 	 	9,180	 	 	(841	)	 	(9.2	)	
Nonaccrual and restructured	  	449	 	 	321	 	 	128	 	 	39.9	 	 	NM	 	 	449	 	 	354	 	 	95	 	 	26.8	 	
	  	 	 	 	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	 			
Total loans	  	$120,742	 	 	$120,145	 	 	$597	 	 	0.5	%	 	2.0	%	 	$120,742	 	 	$110,818	 	 	$9,924	 	 	9.0	%	
	  	 	 	 	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	 			
Average deposits	  			 			 			 			 			 			 			 			 			
Noninterest bearing deposits	  	$22,934	 	 	$23,858	 	 	($924	)	 	(3.9	)%	 	(15.5	)%	 	$22,934	 	 	$24,522	 	 	($1,588	)	 	(6.5	)%	
NOW accounts	  	16,596	 	 	16,811	 	 	(215	)	 	(1.3	)	 	(5.1	)	 	16,596	 	 	16,853	 	 	(257	)	 	(1.5	)	
Money market accounts	  	24,267	 	 	25,091	 	 	(824	)	 	(3.3	)	 	(13.1	)	 	24,267	 	 	26,300	 	 	(2,033	)	 	(7.7	)	
Savings	  	5,591	 	 	5,161	 	 	430	 	 	8.3	 	 	33.3	 	 	5,591	 	 	5,865	 	 	(274	)	 	(4.7	)	
Consumer and other time	  	28,255	 	 	26,251	 	 	2,004	 	 	7.6	 	 	30.5	 	 	28,255	 	 	20,536	 	 	7,719	 	 	37.6	 	
	  	 	 	 	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	 			
Total consumer and commercial deposits	  	97,643	 	 	97,172	 	 	471	 	 	0.5	 	 	1.9	 	 	97,643	 	 	94,076	 	 	3,567	 	 	3.8	 	
Brokered and foreign deposits	  	27,958	 	 	27,194	 	 	764	 	 	2.8	 	 	11.2	 	 	27,958	 	 	17,969	 	 	9,989	 	 	55.6	 	
	  	 	 	 	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	 			
Total deposits	  	$125,601	 	 	$124,366	 	 	$1,235	 	 	1.0	%	 	4.0	%	 	$125,601	 	 	$112,045	 	 	$13,556	 	 	12.1	%	
	  	 	 	 	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	 			
SELECTED CREDIT DATA (Dollars in thousands)	  			 			 			 			 			 			 			 			 			
Nonaccrual loans	  	$556,489	 	 	$298,970	 	 	$257,519	 	 	86.1	%	 	NM	%	 	$556,489	 	 	$307,788	 	 	$248,701	 	 	80.8	%	
Restructured loans	  	28,934	 	 	28,292	 	 	642	 	 	2.3	 	 	9.1	 	 	28,934	 	 	21,876	 	 	7,058	 	 	32.3	 	
	  	 	 	 	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	 			
Total nonperforming loans	  	585,423	 	 	327,262	 	 	258,161	 	 	78.9	 	 	NM	 	 	585,423	 	 	329,664	 	 	255,759	 	 	77.6	 	
Other real estate owned (OREO)	  	41,690	 	 	35,576	 	 	6,114	 	 	17.2	 	 	68.7	 	 	41,690	 	 	26,013	 	 	15,677	 	 	60.3	 	
Other repossessed assets	  	6,670	 	 	6,953	 	 	(283	)	 	(4.1	)	 	(16.3	)	 	6,670	 	 	7,060	 	 	(390	)	 	(5.5	)	
	  	 	 	 	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	 			
Total nonperforming assets	  	$633,783	 	 	$369,791	 	 	$263,992	 	 	71.4	%	 	NM	%	 	$633,783	 	 	$362,737	 	 	$271,046	 	 	74.7	%	
	  	 	 	 	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	 			
Allowance for loan and lease losses	  	$1,087,316	 	 	$1,061,862	 	 	$25,454	 	 	2.4	%	 	9.6	%	 	$1,087,316	 	 	$1,029,855	 	 	$57,461	 	 	5.6	%	

1	SunTrust presents selected financial data on a basis that excludes merger expense, which represents incremental costs to integrate the operations of NCF. The Company believes the exclusion of merger expense is more reflective of normalized operations. SunTrust also presents noninterest income before securities gains/(losses). 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 and the net gain on the sale of the Bond Trustee business because the Company believes the exclusion of these gains provides better comparability and is more indicative of normalized operations.	
2	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.	
3	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.	
 
Page 15

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

													
 	  	Nine Months Ended	 	
 	  	September 30
2006	 	 	September 30
2005	 	 	Increase/(Decrease)	 	
 	  			 			 	Amount	 	 	% 1	 	
STATEMENTS OF INCOME (Dollars in thousands)	  			 			 			 			
					
NET INTEREST INCOME	  	$3,499,176	 	 	$3,391,930	 	 	$107,246	 	 	3.2	%	
Provision for loan losses	  	146,730	 	 	128,760	 	 	17,970	 	 	14.0	 	
	  	 	 	 	 	 	 	 	 	 			
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	  	3,352,446	 	 	3,263,170	 	 	89,276	 	 	2.7	 	

NONINTEREST INCOME	  			 			 			 			
Service charges on deposit accounts	  	572,092	 	 	575,727	 	 	(3,635	)	 	(0.6	)	
Trust and investment management income	  	517,617	 	 	500,820	 	 	16,797	 	 	3.4	 	
Retail investment services	  	168,974	 	 	160,024	 	 	8,950	 	 	5.6	 	
Other charges and fees	  	339,677	 	 	340,974	 	 	(1,297	)	 	(0.4	)	
Investment banking income	  	159,342	 	 	156,803	 	 	2,539	 	 	1.6	 	
Trading account profits and commissions	  	103,461	 	 	117,702	 	 	(14,241	)	 	(12.1	)	
Card fees	  	183,460	 	 	153,091	 	 	30,369	 	 	19.8	 	
Mortgage production related income	  	169,952	 	 	110,068	 	 	59,884	 	 	54.4	 	
Mortgage servicing related income	  	112,744	 	 	28,337	 	 	84,407	 	 	NM	 	
Other noninterest income	  	231,582	 	 	197,948	 	 	33,634	 	 	17.0	 	
	  	 	 	 	 	 	 	 	 	 			
Noninterest income before net securities gains/(losses), net gain on sale of RCM assets and net gain on sale of Bond Trustee business 2	  	2,558,901	 	 	2,341,494	 	 	217,407	 	 	9.3	 	
Gain on sale of RCM assets, net of related expenses	  	—  	 	 	23,382	 	 	(23,382	)	 	(100.0	)	
Gain on sale of Bond Trustee business, net of related expenses	  	112,759	 	 	—  	 	 	112,759	 	 	100.0	 	
	  	 	 	 	 	 	 	 	 	 			
Noninterest income before net securities gains/(losses) 2	  	2,671,660	 	 	2,364,876	 	 	306,784	 	 	13.0	 	
Securities gains/(losses), net	  	(85,854	)	 	(7,755	)	 	(78,099	)	 	NM	 	
	  	 	 	 	 	 	 	 	 	 			
Total noninterest income	  	2,585,806	 	 	2,357,121	 	 	228,685	 	 	9.7	 	

NONINTEREST EXPENSE	  			 			 			 			
Employee compensation and benefits	  	2,068,360	 	 	1,890,410	 	 	177,950	 	 	9.4	 	
Net occupancy expense	  	248,367	 	 	228,853	 	 	19,514	 	 	8.5	 	
Outside processing and software	  	292,038	 	 	265,082	 	 	26,956	 	 	10.2	 	
Equipment expense	  	147,804	 	 	154,544	 	 	(6,740	)	 	(4.4	)	
Marketing and customer development	  	127,956	 	 	106,578	 	 	21,378	 	 	20.1	 	
Other noninterest expense	  	682,636	 	 	629,787	 	 	52,849	 	 	8.4	 	
	  	 	 	 	 	 	 	 	 	 			
Noninterest expense before Affordable Housing impairment charge, amortization of intangible assets and merger expense 3	  	3,567,161	 	 	3,275,254	 	 	291,907	 	 	8.9	 	
Impairment charge on Affordable Housing Properties	  	—  	 	 	25,672	 	 	(25,672	)	 	(100.0	)	
Amortization of intangible assets	  	78,922	 	 	90,772	 	 	(11,850	)	 	(13.1	)	
Merger expense	  	—  	 	 	92,104	 	 	(92,104	)	 	(100.0	)	
	  	 	 	 	 	 	 	 	 	 			
Total noninterest expense	  	3,646,083	 	 	3,483,802	 	 	162,281	 	 	4.7	 	

INCOME BEFORE INCOME TAXES	  	2,292,169	 	 	2,136,489	 	 	155,680	 	 	7.3	 	
Provision for income taxes	  	681,052	 	 	667,721	 	 	13,331	 	 	2.0	 	
	  	 	 	 	 	 	 	 	 	 			
NET INCOME	  	1,611,117	 	 	1,468,768	 	 	142,349	 	 	9.7	 	
Merger expense, net of tax	  	—  	 	 	57,105	 	 	(57,105	)	 	(100.0	)	
	  	 	 	 	 	 	 	 	 	 			
NET INCOME EXCLUDING MERGER EXPENSE 2	  	1,611,117	 	 	1,525,873	 	 	85,244	 	 	5.6	 	
Net gain on sale of RCM assets, net of tax	  	—  	 	 	(14,497	)	 	14,497	 	 	(100.0	)	
Net securities (gains)/losses, net of tax	  	53,229	 	 	4,808	 	 	48,421	 	 	NM	 	
Net gain on sale of Bond Trustee business, net of tax	  	(69,911	)	 	—  	 	 	(69,911	)	 	(100.0	)	
	  	 	 	 	 	 	 	 	 	 			
NET INCOME EXCLUDING MERGER EXPENSE, NET GAIN ON SALE SALE OF RCM ASSETS, NET SECURITIES (GAINS)/LOSSES AND GAIN ON SALE OF BOND TRUSTEE BUSINESS 2	  	$1,594,435	 	 	$1,516,184	 	 	$78,251	 	 	5.2	%	

REVENUE (Dollars in thousands)	  			 			 			 			
Net interest income	  	$3,499,176	 	 	$3,391,930	 	 	$107,246	 	 	3.2	%	
Taxable-equivalent adjustment	  	64,089	 	 	55,467	 	 	8,622	 	 	15.5	 	
	  	 	 	 	 	 	 	 	 	 			
Net interest income - FTE	  	3,563,265	 	 	3,447,397	 	 	115,868	 	 	3.4	 	
Noninterest income	  	2,585,806	 	 	2,357,121	 	 	228,685	 	 	9.7	 	
	  	 	 	 	 	 	 	 	 	 			
Total revenue - FTE	  	6,149,071	 	 	5,804,518	 	 	344,553	 	 	5.9	 	
Net securities (gains)/losses	  	85,854	 	 	7,755	 	 	78,099	 	 	NM	 	
Net gain on sale of RCM assets	  	—  	 	 	(23,382	)	 	23,382	 	 	(100.0	)	
Net gain on sale of Bond Trustee business	  	(112,759	)	 	—  	 	 	(112,759	)	 	(100.0	)	
	  	 	 	 	 	 	 	 	 	 			
Total revenue - FTE excluding net securities (gains)/losses, net gain on sale of RCM assets and net gain on sale of Bond Trustee business	  	$6,122,166	 	 	$5,788,891	 	 	$333,275	 	 	5.8	%	

SELECTED AVERAGE BALANCES (Dollars in millions)	  			 			 			 			
					
Average loans	  			 			 			 			
Commercial - FTE	  	$33,793	 	 	$32,803	 	 	$990	 	 	3.0	%	
Real estate home equity lines	  	13,512	 	 	12,123	 	 	1,389	 	 	11.5	 	
Real estate construction	  	12,041	 	 	9,444	 	 	2,597	 	 	27.5	 	
Real estate 1-4 family	  	33,246	 	 	25,988	 	 	7,258	 	 	27.9	 	
Real estate commercial	  	12,810	 	 	11,553	 	 	1,257	 	 	10.9	 	
Business credit card	  	303	 	 	212	 	 	91	 	 	42.9	 	
Consumer - direct	  	4,577	 	 	5,776	 	 	(1,199	)	 	(20.8	)	
Consumer - indirect	  	8,425	 	 	8,811	 	 	(386	)	 	(4.4	)	
Nonaccrual and restructured	  	359	 	 	318	 	 	41	 	 	12.9	 	
	  	 	 	 	 	 	 	 	 	 			
Total loans	  	$119,066	 	 	$107,028	 	 	$12,038	 	 	11.2	%	

Average deposits	  			 			 			 			
Noninterest bearing deposits	  	$23,560	 	 	$24,188	 	 	($628	)	 	(2.6	)%	
NOW accounts	  	16,801	 	 	17,282	 	 	(481	)	 	(2.8	)	
Money market accounts	  	24,990	 	 	25,519	 	 	(529	)	 	(2.1	)	
Savings	  	5,349	 	 	6,605	 	 	(1,256	)	 	(19.0	)	
Consumer and other time	  	26,011	 	 	19,120	 	 	6,891	 	 	36.0	 	
	  	 	 	 	 	 	 	 	 	 			
Total consumer and commercial deposits	  	96,711	 	 	92,714	 	 	3,997	 	 	4.3	 	
Brokered and foreign deposits	  	26,614	 	 	15,718	 	 	10,896	 	 	69.3	 	
	  	 	 	 	 	 	 	 	 	 			
Total deposits	  	$123,325	 	 	$108,432	 	 	$14,893	 	 	13.7	%	

 
1	Any change over 100 percent is labeled as “NM”. Those changes over 100 percent were not considered to be meaningful.	
2	SunTrust presents selected financial data on a basis that excludes merger expense, which represents incremental costs to integrate the operations of NCF. The Company believes the exclusion of merger expense is more reflective of normalized operations. SunTrust also presents noninterest income before securities gains/(losses). 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 and the net gain on the sale of the Bond Trustee business because the Company believes the exclusion of these gains provides better comparability and is more indicative of normalized operations.	
3	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.	
 
Page 16

PRELIMINARY DATA
Retail Line of Business
(Dollars in thousands)    (Unaudited)

 	  	Three Months Ended	 	 	Nine Months Ended	 	
 	  	September 30
2006	 	 	September 30
2005	 	 	%
Change	 	 	September 30
2006	 	 	September 30
2005	 	 	%
Change	 	
Statement of Income	  			 			 			 			 			 			
							
Net interest income	  	$589,126	 	 	$555,021	 	 	6.1	%	 	$1,788,093	 	 	$1,614,641	 	 	10.7	%	
FTE adjustment	  	33	 	 	22	 	 	50.0	 	 	75	 	 	58	 	 	29.3	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income - FTE	  	589,159	 	 	555,043	 	 	6.1	 	 	1,788,168	 	 	1,614,699	 	 	10.7	 	
Provision for loan losses 1	  	26,452	 	 	36,446	 	 	(27.4	)	 	65,041	 	 	98,682	 	 	(34.1	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income after provision for loan losses - FTE	  	562,707	 	 	518,597	 	 	8.5	 	 	1,723,127	 	 	1,516,017	 	 	13.7	 	

Noninterest income before securities gains/(losses)	  	271,024	 	 	264,125	 	 	2.6	 	 	795,912	 	 	758,451	 	 	4.9	 	
Securities gains/(losses), net	  	—  	 	 	1	 	 	(100.0	)	 	—  	 	 	(5	)	 	(100.0	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest income	  	271,024	 	 	264,126	 	 	2.6	 	 	795,912	 	 	758,446	 	 	4.9	 	

Noninterest expense before amortization of intangible assets	  	514,336	 	 	487,528	 	 	5.5	 	 	1,534,716	 	 	1,435,159	 	 	6.9	 	
Amortization of intangible assets	  	21,023	 	 	24,806	 	 	(15.3	)	 	64,631	 	 	76,111	 	 	(15.1	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest expense	  	535,359	 	 	512,334	 	 	4.5	 	 	1,599,347	 	 	1,511,270	 	 	5.8	 	

Income before provision for income taxes	  	298,372	 	 	270,389	 	 	10.3	 	 	919,692	 	 	763,193	 	 	20.5	 	
Provision for income taxes	  	108,689	 	 	100,652	 	 	8.0	 	 	336,626	 	 	285,100	 	 	18.1	 	
FTE adjustment	  	33	 	 	22	 	 	50.0	 	 	75	 	 	58	 	 	29.3	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net income	  	$189,650	 	 	$169,715	 	 	11.7	 	 	$582,991	 	 	$478,035	 	 	22.0	 	

Total revenue - FTE	  	$860,183	 	 	$819,169	 	 	5.0	 	 	$2,584,080	 	 	$2,373,145	 	 	8.9	 	
							
Average Balance Sheet	  			 			 			 			 			 			
							
Total loans	  	$30,832,237	 	 	$30,846,377	 	 	—  	%	 	$30,837,233	 	 	$30,122,112	 	 	2.4	%	
Goodwill	  	4,900,363	 	 	4,893,689	 	 	0.1	 	 	4,890,150	 	 	4,886,583	 	 	0.1	 	
Other intangible assets excluding MSRs	  	269,763	 	 	361,137	 	 	(25.3	)	 	291,282	 	 	385,176	 	 	(24.4	)	
Total assets	  	37,246,940	 	 	37,168,837	 	 	0.2	 	 	37,890,083	 	 	36,444,314	 	 	4.0	 	
Total deposits	  	69,659,995	 	 	65,861,216	 	 	5.8	 	 	68,814,272	 	 	64,832,867	 	 	6.1	 	
							
Shareholders’ equity is not allocated at this time 2 	  			 			 			 			 			 			
							
Performance Ratios	  			 			 			 			 			 			
							
Efficiency ratio	  	62.24	%	 	62.54	%	 			 	61.89	%	 	63.68	%	 			
Impact of excluding cost of intangible assets	  	(6.13	)	 	(7.06	)	 			 	(6.13	)	 	(7.56	)	 			
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Tangible efficiency ratio	  	56.11	 	 	55.48	 	 			 	55.76	 	 	56.12	 	 			
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
1	Provision for loan losses represents net charge-offs for the lines of business.	
2	Shareholders’ equity is not allocated to the lines of business at this time; business line performance does not include the funding benefit that would result from holding shareholders’ equity at the line of business level.	
 
Page 17

PRELIMINARY DATA
Commercial Line of Business
(Dollars in thousands)    (Unaudited)

 	  	Three Months Ended	 	 	Nine Months Ended	 	
 	  	September 30
2006	 	 	September 30
2005	 	 	%
Change	 	 	September 30
2006	 	 	September 30
2005	 	 	%
Change	 	
Statement of Income	  			 			 			 			 			 			
							
Net interest income	  	$226,862	 	 	$219,475	 	 	3.4	%	 	$677,877	 	 	$635,644	 	 	6.6	%	
FTE adjustment	  	10,546	 	 	9,748	 	 	8.2	 	 	30,701	 	 	28,203	 	 	8.9	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income - FTE	  	237,408	 	 	229,223	 	 	3.6	 	 	708,578	 	 	663,847	 	 	6.7	 	
Provision for loan losses 1	  	1,649	 	 	15,479	 	 	(89.3	)	 	7,208	 	 	18,302	 	 	(60.6	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income after provision for loan losses - FTE	  	235,759	 	 	213,744	 	 	10.3	 	 	701,370	 	 	645,545	 	 	8.6	 	

Noninterest income before securities gains/(losses)	  	65,858	 	 	67,522	 	 	(2.5	)	 	202,625	 	 	185,865	 	 	9.0	 	
Securities gains/(losses), net	  	—  	 	 	—  	 	 	—  	 	 	—  	 	 	—  	 	 	—  	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest income	  	65,858	 	 	67,522	 	 	(2.5	)	 	202,625	 	 	185,865	 	 	9.0	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Noninterest expense before amortization of intangible assets	  	156,314	 	 	163,623	 	 	(4.5	)	 	473,186	 	 	455,785	 	 	3.8	 	
Amortization of intangible assets	  	—  	 	 	—  	 	 	—  	 	 	—  	 	 	—  	 	 	—  	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest expense	  	156,314	 	 	163,623	 	 	(4.5	)	 	473,186	 	 	455,785	 	 	3.8	 	

Income before provision for income taxes	  	145,303	 	 	117,643	 	 	23.5	 	 	430,809	 	 	375,625	 	 	14.7	 	
Provision for income taxes	  	26,066	 	 	17,470	 	 	49.2	 	 	74,765	 	 	65,283	 	 	14.5	 	
FTE adjustment	  	10,546	 	 	9,748	 	 	8.2	 	 	30,701	 	 	28,203	 	 	8.9	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net income	  	$108,691	 	 	$90,425	 	 	20.2	 	 	$325,343	 	 	$282,139	 	 	15.3	 	

Total revenue - FTE	  	$303,266	 	 	$296,745	 	 	2.2	 	 	$911,203	 	 	$849,712	 	 	7.2	 	
							
Average Balance Sheet	  			 			 			 			 			 			
							
Total loans	  	$32,888,329	 	 	$30,978,110	 	 	6.2	%	 	$32,378,414	 	 	$30,683,468	 	 	5.5	%	
Goodwill	  	1,264,845	 	 	1,266,522	 	 	(0.1	)	 	1,263,698	 	 	1,265,380	 	 	(0.1	)	
Other intangible assets excluding MSR’s	  	—  	 	 	—  	 	 	—  	 	 	—  	 	 	—  	 	 	—  	 	
Total assets	  	35,327,349	 	 	33,246,681	 	 	6.3	 	 	34,789,535	 	 	32,889,049	 	 	5.8	 	
Total deposits	  	13,583,271	 	 	13,195,123	 	 	2.9	 	 	13,638,181	 	 	13,274,384	 	 	2.7	 	
							
Shareholders’ equity is not allocated at this time 2 	  			 			 			 			 			 			
							
Performance Ratios	  			 			 			 			 			 			
							
Efficiency ratio	  	51.54	%	 	55.14	%	 			 	51.93	%	 	53.64	%	 			
Impact of excluding cost of intangible assets	  	(2.24	)	 	(2.55	)	 			 	(2.24	)	 	(2.65	)	 			
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Tangible efficiency ratio	  	49.30	 	 	52.59	 	 			 	49.69	 	 	50.99	 	 			

1	Provision for loan losses represents net charge-offs for the lines of business.	
2	Shareholders’ equity is not allocated to the lines of business at this time; business line performance does not include the funding benefit that would result from holding shareholders’ equity at the line of business level.	
 
Page 18

PRELIMINARY DATA
Corporate and Investment Banking Line of Business
(Dollars in thousands)    (Unaudited)

 	  	Three Months Ended	 	 	Nine Months Ended	 	
 	  	September 30
2006	 	 	September 30
2005	 	 	%
Change 3	 	 	September 30
2006	 	 	September 30
2005	 	 	%
Change 3	 	
Statement of Income	  			 			 			 			 			 			
Net interest income	  	$45,645	 	 	$62,031	 	 	(26.4	)%	 	$158,096	 	 	$176,850	 	 	(10.6	)%	
FTE adjustment	  	7,962	 	 	5,530	 	 	44.0	 	 	21,849	 	 	15,790	 	 	38.4	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income - FTE	  	53,607	 	 	67,561	 	 	(20.7	)	 	179,945	 	 	192,640	 	 	(6.6	)	
Provision for loan losses 1	  	5,784	 	 	17,977	 	 	(67.8	)	 	4,954	 	 	17,256	 	 	(71.3	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income after provision for loan losses - FTE	  	47,823	 	 	49,584	 	 	(3.6	)	 	174,991	 	 	175,384	 	 	(0.2	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Noninterest income before securities gains/(losses)	  	145,574	 	 	170,188	 	 	(14.5	)	 	463,383	 	 	499,674	 	 	(7.3	)	
Securities gains/(losses), net	  	(360	)	 	(50	)	 	NM	 	 	(360	)	 	246	 	 	NM	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest income	  	145,214	 	 	170,138	 	 	(14.6	)	 	463,023	 	 	499,920	 	 	(7.4	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Noninterest expense before amortization of intangible assets	  	108,498	 	 	118,037	 	 	(8.1	)	 	338,880	 	 	344,497	 	 	(1.6	)	
Amortization of intangible assets	  	122	 	 	122	 	 	—  	 	 	366	 	 	399	 	 	(8.3	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest expense	  	108,620	 	 	118,159	 	 	(8.1	)	 	339,246	 	 	344,896	 	 	(1.6	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Income before provision for income taxes	  	84,417	 	 	101,563	 	 	(16.9	)	 	298,768	 	 	330,408	 	 	(9.6	)	
Provision for income taxes	  	23,727	 	 	32,913	 	 	(27.9	)	 	90,169	 	 	109,262	 	 	(17.5	)	
FTE adjustment	  	7,962	 	 	5,530	 	 	44.0	 	 	21,849	 	 	15,790	 	 	38.4	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net income	  	$52,728	 	 	$63,120	 	 	(16.5	)	 	$186,750	 	 	$205,356	 	 	(9.1	)	

Total revenue - FTE	  	$198,821	 	 	$237,699	 	 	(16.4	)	 	$642,968	 	 	$692,560	 	 	(7.2	)	
							
Measures excluding impact of RCM divestiture 4 	  			 			 			 			 			 			
Net interest income - FTE	  			 			 			 	$179,945	 	 	$192,640	 	 	(6.6	)%	
RCM divestiture	  			 			 			 	—  	 	 	(1,703	)	 	(100.0	)	
	  			 			 			 	 	 	 	 	 	 			
Net interest income - FTE excluding RCM divestiture	  			 			 			 	$179,945	 	 	$190,937	 	 	(5.8	)	

Total noninterest income	  			 			 			 	$463,023	 	 	$499,920	 	 	(7.4	)	
RCM divestiture	  			 			 			 	—  	 	 	(30,007	)	 	(100.0	)	
	  			 			 			 	 	 	 	 	 	 			
Total noninterest income excluding RCM divestiture	  			 			 			 	$463,023	 	 	$469,913	 	 	(1.5	)	

Total revenue - FTE	  			 			 			 	$642,968	 	 	$692,560	 	 	(7.2	)	
RCM divestiture	  			 			 			 	—  	 	 	(31,710	)	 	(100.0	)	
	  			 			 			 	 	 	 	 	 	 			
Total revenue - FTE excluding RCM divestiture	  			 			 			 	$642,968	 	 	$660,850	 	 	(2.7	)	

Net income	  			 			 			 	$186,750	 	 	$205,356	 	 	(9.1	)	
RCM divestiture	  			 			 			 	—  	 	 	(15,737	)	 	(100.0	)	
	  			 			 			 	 	 	 	 	 	 			
Net income excluding RCM divestiture	  			 			 			 	$186,750	 	 	$189,619	 	 	(1.5	)	

Average Balance Sheet	  			 			 			 			 			 			
							
Total loans	  	$16,793,321	 	 	$15,959,944	 	 	5.2	%	 	$16,464,698	 	 	$14,930,922	 	 	10.3	%	
Goodwill	  	147,595	 	 	147,606	 	 	—  	 	 	147,578	 	 	147,639	 	 	—  	 	
Other intangible assets excluding MSRs	  	1,525	 	 	3,063	 	 	(50.2	)	 	1,988	 	 	3,380	 	 	(41.2	)	
Total assets	  	24,162,242	 	 	21,695,289	 	 	11.4	 	 	23,793,117	 	 	20,607,067	 	 	15.5	 	
Total deposits	  	2,903,134	 	 	3,134,817	 	 	(7.4	)	 	3,200,312	 	 	3,179,474	 	 	0.7	 	
							
Shareholders’ equity is not allocated at this time 2 	  			 			 			 			 			 			
							
Performance Ratios	  			 			 			 			 			 			
							
Efficiency ratio	  	54.63	%	 	49.71	%	 			 	52.76	%	 	49.80	%	 			
Impact of excluding cost of intangible assets	  	(0.50	)	 	(0.41	)	 			 	(0.45	)	 	(0.43	)	 			
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Tangible efficiency ratio	  	54.13	 	 	49.30	 	 			 	52.31	 	 	49.37	 	 			

1	Provision for loan losses represents net charge-offs for the lines of business.	
2	Shareholders’ equity is not allocated to the lines of business at this time; business line performance does not include the funding benefit that would result from holding shareholders’ equity at the line of business level.	
3	“NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.	
4	SunTrust presents net interest income-FTE, total revenue-FTE, and net income excluding the RCM divestiture. The Company believes these measures without the impact of the RCM divestiture are more indicative of normalized operations.	
 
Page 19

PRELIMINARY DATA
Mortgage Line of Business
(Dollars in thousands)    (Unaudited)

 	  	Three Months Ended	 	 	Nine Months Ended	 	
 	  	September 30
2006	 	 	September 30
2005	 	 	%
Change	 	 	September 30
2006	 	 	September 30
2005	 	 	%
Change	 	
Statement of Income	  			 			 			 			 			 			
Net interest income	  	$155,827	 	 	$139,565	 	 	11.7	%	 	$453,618	 	 	$395,944	 	 	14.6	%	
FTE adjustment	  	—  	 	 	—  	 	 	—  	 	 	—  	 	 	—  	 	 	—  	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income - FTE	  	155,827	 	 	139,565	 	 	11.7	 	 	453,618	 	 	395,944	 	 	14.6	 	
Provision for loan losses 1	  	735	 	 	2,928	 	 	(74.9	)	 	5,735	 	 	6,810	 	 	(15.8	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income after provision for loan losses - FTE	  	155,092	 	 	136,637	 	 	13.5	 	 	447,883	 	 	389,134	 	 	15.1	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Noninterest income before securities gains/(losses)	  	98,169	 	 	83,224	 	 	18.0	 	 	318,837	 	 	178,178	 	 	78.9	 	
Securities gains/(losses), net	  	—  	 	 	—  	 	 	—  	 	 	—  	 	 	1,076	 	 	(100.0	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest income	  	98,169	 	 	83,224	 	 	18.0	 	 	318,837	 	 	179,254	 	 	77.9	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Noninterest expense before amortization of intangible assets	  	152,748	 	 	135,613	 	 	12.6	 	 	445,037	 	 	371,270	 	 	19.9	 	
Amortization of intangible assets	  	763	 	 	867	 	 	(12.0	)	 	2,290	 	 	2,600	 	 	(11.9	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest expense	  	153,511	 	 	136,480	 	 	12.5	 	 	447,327	 	 	373,870	 	 	19.6	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Income before provision for income taxes	  	99,750	 	 	83,381	 	 	19.6	 	 	319,393	 	 	194,518	 	 	64.2	 	
Provision for income taxes	  	34,308	 	 	28,842	 	 	19.0	 	 	110,906	 	 	65,937	 	 	68.2	 	
FTE adjustment	  	—  	 	 	—  	 	 	—  	 	 	—  	 	 	—  	 	 	—  	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net income	  	$65,442	 	 	$54,539	 	 	20.0	 	 	$208,487	 	 	$128,581	 	 	62.1	 	

Total revenue - FTE	  	$253,996	 	 	$222,789	 	 	14.0	 	 	$772,455	 	 	$575,198	 	 	34.3	 	
							
Average Balance Sheet	  			 			 			 			 			 			
							
Total loans	  	$31,619,820	 	 	$24,862,321	 	 	27.2	%	 	$30,863,051	 	 	$23,290,779	 	 	32.5	%	
Goodwill	  	275,705	 	 	248,929	 	 	10.8	 	 	267,291	 	 	247,676	 	 	7.9	 	
Other intangible assets excluding MSRs	  	5,800	 	 	9,007	 	 	(35.6	)	 	6,557	 	 	9,867	 	 	(33.5	)	
Total assets	  	42,798,284	 	 	34,094,174	 	 	25.5	 	 	41,165,266	 	 	31,211,916	 	 	31.9	 	
Total deposits	  	1,998,843	 	 	1,937,403	 	 	3.2	 	 	1,764,025	 	 	1,612,769	 	 	9.4	 	
							
Shareholders’ equity is not allocated at this time 2 	  			 			 			 			 			 			
							
Performance Ratios	  			 			 			 			 			 			
Efficiency ratio	  	60.44	%	 	61.26	%	 			 	57.91	%	 	65.00	%	 			
Impact of excluding cost of intangible assets	  	(1.02	)	 	(1.18	)	 			 	(0.95	)	 	(1.45	)	 			
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Tangible efficiency ratio	  	59.42	 	 	60.08	 	 			 	56.96	 	 	63.55	 	 			
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Other Information	  			 			 			 			 			 			
Production Data	  			 			 			 			 			 			
Channel mix	  			 			 			 			 			 			
Retail	  	$6,045,632	 	 	$6,540,569	 	 	(7.6	)%	 	$17,792,947	 	 	$16,376,728	 	 	8.6	%	
Wholesale	  	4,617,185	 	 	4,210,478	 	 	9.7	 	 	13,826,092	 	 	9,756,542	 	 	41.7	 	
Correspondent	  	3,074,636	 	 	3,941,552	 	 	(22.0	)	 	8,699,546	 	 	8,413,531	 	 	3.4	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total production	  	$13,737,453	 	 	$14,692,599	 	 	(6.5	)	 	$40,318,585	 	 	$34,546,801	 	 	16.7	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Channel mix - percent	  			 			 			 			 			 			
Retail	  	44	%	 	44	%	 			 	44	%	 	48	%	 			
Wholesale	  	34	 	 	29	 	 			 	34	 	 	28	 	 			
Correspondent	  	22	 	 	27	 	 			 	22	 	 	24	 	 			
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total production	  	100	 	 	100	 	 			 	100	 	 	100	 	 			
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Purchase and refinance mix	  			 			 			 			 			 			
Refinance	  	$4,737,623	 	 	$5,953,942	 	 	(20.4	)	 	$14,162,396	 	 	$13,578,550	 	 	4.3	 	
Purchase	  	8,999,830	 	 	8,738,657	 	 	3.0	 	 	26,156,189	 	 	20,968,251	 	 	24.7	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total production	  	$13,737,453	 	 	$14,692,599	 	 	(6.5	)	 	$40,318,585	 	 	$34,546,801	 	 	16.7	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Purchase and refinance mix - percent	  			 			 			 			 			 			
Refinance	  	34	%	 	41	%	 			 	35	%	 	39	%	 			
Purchase	  	66	 	 	59	 	 			 	65	 	 	61	 	 			
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total production	  	100	 	 	100	 	 			 	100	 	 	100	 	 			

Applications	  	$21,541,643	 	 	$21,013,044	 	 	2.5	 	 	$63,908,537	 	 	$54,290,698	 	 	17.7	 	
							
Mortgage Servicing Data (End of Period)	  			 			 			 			 			 			
Total loans serviced	  	$124,795,178	 	 	$97,377,709	 	 	28.2	%	 			 			 			
Total loans serviced for others	  	83,079,809	 	 	64,541,967	 	 	28.7	 	 			 			 			
Net carrying value of MSRs	  	724,640	 	 	613,314	 	 	18.2	 	 			 			 			
Ratio of net carrying value of MSRs to total loans serviced for others	  	0.872	%	 	0.950	%	 			 			 			 			
 
1	Provision for loan losses represents net charge-offs for the lines of business.	
2	Shareholders’ equity is not allocated to the lines of business at this time; business line performance does not include the funding benefit that would result from holding shareholders’ equity at the line of business level.	
 
Page 20

PRELIMINARY DATA
Wealth and Investment Management Line of Business
(Dollars in thousands)    (Unaudited)

 	  	Three Months Ended	 	 	Nine Months Ended	 	
 	  	September 30
2006	 	 	September 30
2005	 	 	%
Change 3	 	 	September 30
2006	 	 	September 30
2005	 	 	%
Change	 	
Statement of Income	  			 			 			 			 			 			
Net interest income	  	$92,358	 	 	$87,631	 	 	5.4	%	 	$276,337	 	 	$247,758	 	 	11.5	%	
FTE adjustment	  	19	 	 	16	 	 	18.8	 	 	53	 	 	48	 	 	10.4	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income - FTE	  	92,377	 	 	87,647	 	 	5.4	 	 	276,390	 	 	247,806	 	 	11.5	 	
Provision for loan losses 1	  	736	 	 	1,885	 	 	(61.0	)	 	1,679	 	 	3,038	 	 	(44.7	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income after provision for loan losses - FTE	  	91,641	 	 	85,762	 	 	6.9	 	 	274,711	 	 	244,768	 	 	12.2	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Noninterest income before securities gains/(losses)	  	355,348	 	 	237,373	 	 	49.7	 	 	845,992	 	 	703,849	 	 	20.2	 	
Securities gains/(losses), net	  	(1	)	 	(30	)	 	(96.7	)	 	(53	)	 	(191	)	 	(72.3	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest income	  	355,347	 	 	237,343	 	 	49.7	 	 	845,939	 	 	703,658	 	 	20.2	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Noninterest expense before amortization of intangible assets	  	255,504	 	 	234,793	 	 	8.8	 	 	765,008	 	 	706,879	 	 	8.2	 	
Amortization of intangible assets	  	3,662	 	 	3,719	 	 	(1.5	)	 	10,968	 	 	10,990	 	 	(0.2	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest expense	  	259,166	 	 	238,512	 	 	8.7	 	 	775,976	 	 	717,869	 	 	8.1	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Income before provision for income taxes	  	187,822	 	 	84,593	 	 	NM	 	 	344,674	 	 	230,557	 	 	49.5	 	
Provision for income taxes	  	69,940	 	 	31,555	 	 	NM	 	 	128,165	 	 	85,807	 	 	49.4	 	
FTE adjustment	  	19	 	 	16	 	 	18.8	 	 	53	 	 	48	 	 	10.4	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net income	  	$117,863	 	 	$53,022	 	 	NM	 	 	$216,456	 	 	$144,702	 	 	49.6	 	

Total revenue - FTE	  	$447,724	 	 	$324,990	 	 	37.8	 	 	$1,122,329	 	 	$951,464	 	 	18.0	 	
							
Measures excluding net gain on sale of Bond Trustee business 4 	  			 			 			 			 			 			
Total noninterest income	  	$355,347	 	 	$237,343	 	 	49.7	%	 	$845,939	 	 	$703,658	 	 	20.2	%	
Net gain on sale of Bond Trustee business	  	(112,759	)	 	—  	 	 	(100.0	)	 	(112,759	)	 	—  	 	 	(100.0	)	
Total noninterest income excluding net gain on sale of Bond Trustee business	  	$242,588	 	 	$237,343	 	 	2.2	 	 	$733,180	 	 	$703,658	 	 	4.2	 	

Total revenue - FTE	  	$447,724	 	 	$324,990	 	 	37.8	 	 	$1,122,329	 	 	$951,464	 	 	18.0	 	
Net gain on sale of Bond Trustee business	  	(112,759	)	 	—  	 	 	(100.0	)	 	(112,759	)	 	—  	 	 	(100.0	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total revenue - FTE excluding net gain on sale of Bond Trustee business	  	$334,965	 	 	$324,990	 	 	3.1	 	 	$1,009,570	 	 	$951,464	 	 	6.1	 	

Net income	  	$117,863	 	 	$53,022	 	 	NM	 	 	$216,456	 	 	$144,702	 	 	49.6	 	
Net gain on sale of Bond Trustee business, net of tax	  	(69,911	)	 	—  	 	 	(100.0	)	 	(69,911	)	 	—  	 	 	(100.0	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net income excluding net gain on sale of Bond Trustee business	  	$47,952	 	 	$53,022	 	 	(9.6	)	 	$146,545	 	 	$144,702	 	 	1.3	 	

Average Balance Sheet	  			 			 			 			 			 			
Total loans	  	$8,128,016	 	 	$7,896,089	 	 	2.9	%	 	$8,113,524	 	 	$7,718,582	 	 	5.1	%	
Goodwill	  	306,873	 	 	303,452	 	 	1.1	 	 	303,473	 	 	301,868	 	 	0.5	 	
Other intangible assets excluding MSRs	  	124,030	 	 	135,459	 	 	(8.4	)	 	123,429	 	 	135,987	 	 	(9.2	)	
Total assets	  	8,948,786	 	 	8,661,792	 	 	3.3	 	 	8,902,517	 	 	8,469,582	 	 	5.1	 	
Total deposits	  	9,534,090	 	 	9,653,985	 	 	(1.2	)	 	9,285,272	 	 	9,544,679	 	 	(2.7	)	
Shareholders’ equity is not allocated at this time 2 	  			 			 			 			 			 			
							
Performance Ratios	  			 			 			 			 			 			
Efficiency ratio	  	57.89	%	 	73.39	%	 			 	69.14	%	 	75.45	%	 			
Impact of excluding cost of intangible assets	  	(1.42	)	 	(2.23	)	 			 	(1.81	)	 	(2.33	)	 			
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Tangible efficiency ratio	  	56.47	 	 	71.16	 	 			 	67.33	 	 	73.12	 	 			

Other Information (End of Period)	  			 			 			 			 			 			
							
Assets under administration	  			 			 			 			 			 			
Managed (discretionary) assets	  	$138,572,125	 	 	$133,600,000	 	 	3.7	 	 			 			 			
Non-managed assets	  	53,231,004	 	 	48,700,000	 	 	9.3	 	 			 			 			
	  	 	 	 	 	 	 			 			 			 			
Total assets under administration	  	191,803,129	 	 	182,300,000	 	 	5.2	 	 			 			 			

Brokerage assets	  	36,662,000	 	 	30,100,000	 	 	21.8	 	 			 			 			
Corporate trust assets	  	10,014,000	 	 	25,400,000	 	 	(60.6	)	 			 			 			
	  	 	 	 	 	 	 			 			 			 			
Total assets under advisement	  	$238,479,129	 	 	$237,800,000	 	 	0.3	 	 			 			 			

1	Provision for loan losses represents net charge-offs for the lines of business.	
2	Shareholders’ equity is not allocated to the lines of business at this time; business line performance does not include the funding benefit that would result from holding shareholders’ equity at the line of business level.	
3	“NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.	
4	SunTrust presents total noninterest income, total revenue, and net income excluding the net gain on the sale of the Bond Trustee business. The Company believes total noninterest income, total revenue, and net income without the sale of the Bond Trustee business is more indicative of normalized operations.	
 
Page 21

PRELIMINARY DATA
Corporate Other and Treasury
(Dollars in thousands)     (Unaudited)

 	  	Three Months Ended	 	 	Nine Months Ended	 	
 	  	September 30
2006	 	 	September 30
2005	 	 	%
Change 2	 	 	September 30
2006	 	 	September 30
2005	 	 	%
Change 2	 	
Statement of Income	  			 			 			 			 			 			
							
Net interest income	  	$41,574	 	 	$92,938	 	 	(55.3	)%	 	$145,155	 	 	$321,093	 	 	(54.8	)%	
FTE adjustment	  	3,908	 	 	3,765	 	 	3.8	 	 	11,411	 	 	11,368	 	 	0.4	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income - FTE	  	45,482	 	 	96,703	 	 	(53.0	)	 	156,566	 	 	332,461	 	 	(52.9	)	
Provision for loan losses 1	  	26,212	 	 	(4,322	)	 	NM	 	 	62,113	 	 	(15,328	)	 	NM	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income after provision for loan losses - FTE	  	19,270	 	 	101,025	 	 	(80.9	)	 	94,453	 	 	347,789	 	 	(72.8	)	

Noninterest income before securities gains/(losses)	  	14,774	 	 	12,035	 	 	22.8	 	 	44,911	 	 	38,859	 	 	15.6	 	
Securities gains/(losses), net	  	(91,455	)	 	(1,990	)	 	NM	 	 	(85,441	)	 	(8,881	)	 	NM	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest income	  	(76,681	)	 	10,045	 	 	NM	 	 	(40,530	)	 	29,978	 	 	NM	 	

Noninterest expense before amortization of intangible assets	  	(7,693	)	 	7,740	 	 	NM	 	 	10,334	 	 	79,440	 	 	(87.0	)	
Amortization of intangible assets	  	222	 	 	223	 	 	(0.4	)	 	667	 	 	672	 	 	(0.7	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest expense	  	(7,471	)	 	7,963	 	 	NM	 	 	11,001	 	 	80,112	 	 	(86.3	)	

Income/(loss) before provision for income taxes	  	(49,940	)	 	103,107	 	 	NM	 	 	42,922	 	 	297,655	 	 	(85.6	)	
Provision/(benefits) for income taxes	  	(55,062	)	 	19,389	 	 	NM	 	 	(59,579	)	 	56,332	 	 	NM	 	
FTE adjustment	  	3,908	 	 	3,765	 	 	3.8	 	 	11,411	 	 	11,368	 	 	0.4	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net income	  	$1,214	 	 	$79,953	 	 	(98.5	)	 	$91,090	 	 	$229,955	 	 	(60.4	)	

Total revenue - FTE	  	($31,199	)	 	$106,748	 	 	NM	 	 	$116,036	 	 	$362,439	 	 	(68.0	)	
							
Measures excluding securities gains/(losses), net 3 	  			 			 			 			 			 			
							
Total revenue - FTE	  	($31,199	)	 	$106,748	 	 	NM	%	 	$116,036	 	 	$362,439	 	 	(68.0	)%	
Securities (gains)/losses, net	  	91,455	 	 	1,990	 	 	NM	 	 	85,441	 	 	8,881	 	 	NM	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total revenue - FTE excluding net securities (gains)/losses	  	$60,256	 	 	$108,738	 	 	(44.6	)	 	$201,477	 	 	$371,320	 	 	(45.7	)	

Net income	  	$1,214	 	 	$79,953	 	 	(98.5	)	 	$91,090	 	 	$229,955	 	 	(60.4	)	
Securities (gains)/losses, net of tax	  	56,702	 	 	1,234	 	 	NM	 	 	52,973	 	 	5,506	 	 	NM	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net income excluding net securities (gains)/losses	  	$57,916	 	 	$81,187	 	 	(28.7	)	 	$144,063	 	 	$235,461	 	 	(38.8	)	

Average Balance Sheet	  			 			 			 			 			 			
							
Total loans	  	$480,256	 	 	$275,597	 	 	74.3	%	 	$409,056	 	 	$282,307	 	 	44.9	%	
Securities available for sale	  	23,841,440	 	 	25,824,207	 	 	(7.7	)	 	24,685,776	 	 	26,646,438	 	 	(7.4	)	
Goodwill	  	6,853	 	 	4,352	 	 	57.5	 	 	7,611	 	 	9,151	 	 	(16.8	)	
Other intangible assets excluding MSRs	  	5,623	 	 	6,516	 	 	(13.7	)	 	5,845	 	 	6,737	 	 	(13.2	)	
Total assets	  	32,017,320	 	 	35,067,187	 	 	(8.7	)	 	33,091,157	 	 	35,878,589	 	 	(7.8	)	
Total deposits (mainly brokered and foreign)	  	27,921,482	 	 	18,262,385	 	 	52.9	 	 	26,622,523	 	 	15,987,455	 	 	66.5	 	
							
Other Information	  			 			 			 			 			 			
							
Duration of investment portfolio	  	3.0	%	 	2.7	%	 			 			 			 			
							
Net interest income interest rate sensitivity:	  			 			 			 			 			 			
% Change in net interest income under:	  			 			 			 			 			 			
Gradual 100 bp increase in rates over next 12 months	  	(0.2	)%	 	(0.1	)%	 			 			 			 			
Gradual 100 bp decrease in rates over next 12 months	  	1.0	%	 	0.7	%	 			 			 			 			
 
1	Provision for loan losses represents difference between net charge-offs for the lines of business and consolidated provision for loan losses.	
2	“NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.	
3	SunTrust presents total revenue and net income excluding realized securities gains/losses. The Company believes total revenue and net income without the securities gains/losses is more indicative of the Company’s performance because it isolates income that is primarily customer relationship and customer transaction driven.	
 
Page 22

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

 	  	Three Months Ended	 	 	Nine Months Ended	 	
 	  	September 30
2006	 	 	September 30
2005	 	 	%
Change 1	 	 	September 30
2006	 	 	September 30
2005	 	 	%
Change 1	 	
Statement of Income	  			 			 			 			 			 			
							
Net interest income	  	$1,151,392	 	 	$1,156,661	 	 	(0.5	)%	 	$3,499,176	 	 	$3,391,930	 	 	3.2	%	
FTE adjustment	  	22,468	 	 	19,081	 	 	17.8	 	 	64,089	 	 	55,467	 	 	15.5	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income - FTE	  	1,173,860	 	 	1,175,742	 	 	(0.2	)	 	3,563,265	 	 	3,447,397	 	 	3.4	 	
Provision for loan losses	  	61,568	 	 	70,393	 	 	(12.5	)	 	146,730	 	 	128,760	 	 	14.0	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income after provision for loan losses - FTE	  	1,112,292	 	 	1,105,349	 	 	0.6	 	 	3,416,535	 	 	3,318,637	 	 	2.9	 	

Noninterest income before securities gains/(losses)	  	950,747	 	 	834,467	 	 	13.9	 	 	2,671,660	 	 	2,364,876	 	 	13.0	 	
Securities gains/(losses), net	  	(91,816	)	 	(2,069	)	 	NM	 	 	(85,854	)	 	(7,755	)	 	NM	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest income	  	858,931	 	 	832,398	 	 	3.2	 	 	2,585,806	 	 	2,357,121	 	 	9.7	 	

Noninterest expense before amortization of intangible assets	  	1,179,707	 	 	1,147,334	 	 	2.8	 	 	3,567,161	 	 	3,393,030	 	 	5.1	 	
Amortization of intangible assets	  	25,792	 	 	29,737	 	 	(13.3	)	 	78,922	 	 	90,772	 	 	(13.1	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest expense	  	1,205,499	 	 	1,177,071	 	 	2.4	 	 	3,646,083	 	 	3,483,802	 	 	4.7	 	

Income before provision for income taxes	  	765,724	 	 	760,676	 	 	0.7	 	 	2,356,258	 	 	2,191,956	 	 	7.5	 	
Provision for income taxes	  	207,668	 	 	230,821	 	 	(10.0	)	 	681,052	 	 	667,721	 	 	2.0	 	
FTE adjustment	  	22,468	 	 	19,081	 	 	17.8	 	 	64,089	 	 	55,467	 	 	15.5	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net income	  	$535,588	 	 	$510,774	 	 	4.9	 	 	$1,611,117	 	 	$1,468,768	 	 	9.7	 	

Total revenue - FTE	  	$2,032,791	 	 	$2,008,140	 	 	1.2	 	 	$6,149,071	 	 	$5,804,518	 	 	5.9	 	
							
Average Balance Sheet	  			 			 			 			 			 			
							
Total loans	  	$120,741,979	 	 	$110,818,438	 	 	9.0	%	 	$119,065,976	 	 	$107,028,170	 	 	11.2	%	
Non-earning assets	  			 			 			 			 			 			
Goodwill	  	6,902,234	 	 	6,864,550	 	 	0.5	 	 	6,879,801	 	 	6,858,297	 	 	0.3	 	
Other intangible assets excluding MSRs	  	406,741	 	 	515,182	 	 	(21.0	)	 	429,101	 	 	541,147	 	 	(20.7	)	
Total assets	  	180,500,921	 	 	169,933,960	 	 	6.2	 	 	179,631,675	 	 	165,500,517	 	 	8.5	 	
Total deposits	  	125,600,815	 	 	112,044,929	 	 	12.1	 	 	123,324,585	 	 	108,431,628	 	 	13.7	 	
							
Performance Ratios	  			 			 			 			 			 			
							
Efficiency ratio	  	59.30	%	 	58.62	%	 			 	59.29	%	 	60.02	%	 			
Impact of excluding cost of intangible assets	  	(1.27	)	 	(1.49	)	 			 	(1.28	)	 	(1.57	)	 			
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Tangible efficiency ratio	  	58.03	 	 	57.13	 	 			 	58.01	 	 	58.45	 	 			

1	“NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.	
 
Page 23

SunTrust Banks, Inc.
3Q 2006 Results
October 17, 2006
Exhibit 99.2	

The following should be read in conjunction with the financial statements, notes and other information contained in the Company’s 2005 Annual Report on
Form 10-K, Quarterly Reports for the periods ended March 31, 2006 and June 30, 2006 on Form 10-Q and Current Reports on Form 8-K.
This presentation may include non-GAAP financial measures to describe SunTrust’s performance.  The reconciliation of those measures to GAAP measures
can be found in SunTrust’s earnings press releases, which can be found on SunTrust’s website in the news section of the investor relations pages.  In this
presentation, net interest income and net interest margin are presented on a fully taxable-equivalent (“FTE”) basis, and ratios are presented on an
annualized
basis.
The
FTE
basis
adjusts
for
the
tax-favored
status
of
income
from
certain
loans
and
investments.
The
Company
believes
this
measure
to
be
the preferred industry measurement of net interest income and provides relevant comparison between taxable and non-taxable amounts.
The information in this presentation may contain forward-looking statements. Statements that are not historical or current facts, including statements about
beliefs and expectations, are forward-looking statements. These statements often include the words "believes," "expects," "anticipates," "estimates,"
"intends," "plans," "targets," "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 SunTrust's management and on information
currently available to management.  The forward looking statements are intended to be subject to the safe harbor provided by Section 27A of the Securities
Act of 1933 and Section 21E of the Securities Exchange Act of 1934.  Such statements speak as of the date hereof, and SunTrust does not intend to update
the statements made herein or to update the reasons why actual results could differ from those contained in such statements in light of new information or
future events.
Forward looking statements involve significant risks and uncertainties.  Investors are cautioned against placing undue reliance on such statements. Actual
results may differ materially from those set forth in the forward-looking statements. Factors that could cause actual results to differ materially from those
described in the forward-looking statements can be found in the Company's 2005 Annual Report on Form 10-K, in the Company’s Quarterly Reports on
Form 10-Q, and in the Current Reports on Form 8-K filed with the Securities and Exchange Commission and available at the Securities and Exchange
Commission's internet site (http://www.sec.gov). Those factors include: changes in general business or economic conditions, including customers' ability
to
repay
debt
obligations,
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 revenues and expenses, the value of assets and obligations, costs of capital, or liquidity; the fiscal and monetary
policies of the federal government and its agencies could have a
material adverse effect on our earnings; significant changes in
securities markets or
markets for commercial or residential real estate could harm our
revenues and profitability; customers could pursue alternatives
to bank deposits, causing
us to lose a relatively inexpensive source of funding; customers
may decide not to use banks to complete their financial transactions, which could affect net
income; we have businesses other than banking, which subjects us
to a variety of risks; hurricanes and other natural disasters may adversely affect loan
portfolios and operations and increase the cost of doing business; negative public opinion could damage our reputation and adversely impact our
business; we rely on other companies for key components of our business infrastructure; we depend on the accuracy and completeness of information
about clients and counterparties; regulation by federal and state agencies could adversely affect our business, revenues, and profit margins; competition in
the financial services industry is intense and could result in losing business or reducing profit margins; future legislation could harm our competitive
position; maintaining or increasing market share depends on market acceptance and regulatory approval of new products and services; our ability to
receive dividends from our subsidiaries accounts for most of our
revenues and could affect our liquidity and ability to pay dividends; 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 without whom our operations may suffer; we may be unable to hire or retain additional qualified personnel and recruiting and
compensation costs may increase as  a result of turnover, both of which may increase costs and reduce profitability and may adversely impact our ability to
implement
the
business
strategy;
our
accounting
policies
and
methods
are
key
to
how
we
report
financial
condition
and
results
of
operation,
and
may
require management to make estimates about matters that are uncertain; our stock price can be volatile; and our disclosure controls and procedures may
fail to prevent or detect all errors or acts of fraud.
1	

3Q 2006 Results
Net Interest Income (FTE)
Noninterest
Income
Total Revenue (FTE)
Total Noninterest
Expense
Taxes
Net Income
Diluted EPS
Margin
Average Loans
Average Consumer and
Commercial Deposits
($ in millions, except per share data)
$(2)
27
25
28
(23)
$25
0.07
$9,924
$3,567
$1,174
859
2,033
1,205
208
$536
1.47
2.93%
$120,742
$97,643
3Q 2006
$
Growth
-%
3%
1%
2%
(10)%
5%
5%
9%
4%
%
Growth
$1,176
832
2,008
1,177
231
$511
1.40
3.14%
$110,818
$94,076
3Q 2005
$1,190
875
2,065
1,214
234
$544
1.49
3.00%
$120,145
$97,172
2Q 2006
$(16)
(16)
(33)
(9)
(27)
$(8)
(0.02)
$597
$471
$
Growth
(5)%
(8)%
(6)%
(3)%
(45)%
(6)%
(1)%
2%
2%
%
Growth
(Annualized)
2	

Selected 3Q 2006 Significant Items
Net Gain on Sale of Bond Trustee Business
Net Securities Losses
Provision Expense
Net Charge-Offs
Provision Expense in Excess of Net Charge-Offs
$113
Pretax ($ in millions)
3
$92
$62
(36)
$26	

23%
6%
25%
12%
17%
17%
Consumer and Commercial Deposit
Mix and Sweep Activity
20%
22%
13%
13%
23%
9%
3Q 2006
Fed Funds –
5.25%
3Q 1998
Fed Funds –
5.50%
DDA
NOW
Total
DDA
3Q 2005
Period End
NOW
MMA
Savings
Consumer Time
Other Time
3Q 2006
Change
Sweeps
(3Q 2006 over
3Q 2005)
$24,549
16,896
$41,445
$22,813
17,509
$40,322
$(1,736)
613
$(1,123)
$1,700
1,900
$3,600
($ in millions)
Total
CDs
29%
Total
CDs
29%
4	

Securities Portfolio Restructuring
•
The Company restructured a
portion of the investment
portfolio in the third quarter
•
The $92 million in securities
losses mainly resulted from the
restructuring
•
De-levered the balance sheet by
$2 billion
•
Combined reinvestment yield on
the securities, swap and funding
reduction was 5.57%, a 212 b.p.
yield improvement
•
Balance sheet duration extended
•
Estimated 12 month net interest
income pickup of approximately
$62 million
5
($ in millions)
Size
Yield
Duration
MBS
795
$  
3.41%
1.4
Agencies
1,175
3.44%
1.4
ABS
342
3.53%
1.8
CMBS
412
3.47%
2.4
Corporates
220
3.50%
1.8
Total Sales
2,944
$
3.45%
1.6
Size
Yield
Duration
MBS
463
$  
6.03%
5.3
CMBS
318
5.73%
5.1
Agencies
150
5.35%
4.4
Total Reinvestment
931
$  
5.82%
5.1
Size
Yield
Duration
5-Year Swaps
1,500
$
5.50%
4.3
Wholesale Funding Reduction
513
5.32%
0.1
Total De-Levering
2,013
$
5.45%
3.2
Total Reinvestment
and De-Levering
2,944
$
5.57%
3.8
Portfolio Reinvestment
De-Levering
Sales Completed
Reinvestment and De-Levering Completed	

Proactive Capital Management
STI’s Capital Management Strategy….
Improve balance sheet efficiency
Lower cost of capital
Preparation for Basel II
implementation
Improvement in available
capital options
Enhanced
shareholder returns
…is a proactive approach to recent Industry developments.
Capital deemed necessary by the
Federal Reserve is expected to be
based on a more granular analysis of
the risk in our assets
Proactive with regulators and rating
agencies to seek approval for new
options to be counted as core capital
Highlights the low risk
of our
balance sheet relative to our peers
Evaluate opportunity to replace a
portion of existing capital with new
enhanced hybrid
instruments
Industry Situation
Industry Reaction
Application to STI
6	

SunTrust’s Recent Capital Study
•
Our current capital structure contains $2.3 billion of Trust Preferred Securities (TRuPs) and
REIT Preferred Securities that were issued several years ago
•
All $1.9 billion of TRuPs
are callable between Q4 2006 and Q1 2008
•
Our existing TRuPs are now inefficient as 36%-100% of the TRuPs are excluded from the
rating agency and regulatory core capital calculations:
Existing Trust
Preferred
Securities
(TRuPs) are now
inefficient
•
STI currently uses a TE/TA capital target ratio, which does not incorporate hybrids as “core
capital”
•
Under
new
capital
guidelines
at
the
Federal
Reserve
and
rating
agencies,
“core
capital”
is
not
limited to common equity
Moving to a Tier 1 capital target creates an opportunity for STI
to (1) optimize its current
capital structure and (2) reduce the Company’s weighted average cost of capital
Situation
Move from
6.0% TE/TA
Target
to a
Tier 1 Capital
Target of
approximately
7.5%
Opportunity
32%
64%
100%
68%
36%
$1.9 B
STI's
Traditional
TRuPs
Moody's
S&P's
Basel II Fed
Reserve
Guidelines
Excluded from
Core Capital
calculation
Inefficiency of Hybrid TRuPs
100%
68%
36%
7	

Manage to a Tier 1 ratio of
approximately 7.50%
–
Inclusion
of
Coca-Cola
Stock
(1)
adds
59 bps to the Tier 1 Ratio as of Q2
2006
–
Taking into consideration the Coca-
Cola stock and SunTrust’s lower risk
profile, the Tier 1 level is comparable
to peers
SunTrust’s Capital Targeting Plan
Capital Targeting Plan
Tier 1 Ratio:  SunTrust versus Peers
Source:  Company documents, SNL Financial
Note:  Peers include BB&T, Fifth Third, PNC Financial, National City, U.S. Bancorp, Wachovia, Regions Financial, KeyCorp, Bank of America, Wells Fargo; Regions data as of Q1 2006 is
pro forma for AmSouth acquisition
(1) Assumes 75% credit for after-tax unrealized gains on Coca-Cola Co. common stock
7.82
7.56
8.63
7.90
8.18
8.28
7.16
7.01
7.31
2004
2005
Q2 2006
7.50
Peer Average
STI + Coke
(1)
STI
8	

SunTrust’s Planned Action Steps
Planned
Action
Steps
and
Timing
(1)
Step 1: COMPLETED
Issued $500 million of DRD perpetual preferred securities –
9/12/06
•
We intend to issue incremental hybrid securities for general corporate purposes, which
may include the repurchase of common shares
•
We intend to enter into an Accelerated Share Repurchase agreement to repurchase up to
$1 billion worth of common shares
•
Replace up to 100% of legacy trust preferred securities with enhanced trust preferred securities which
have greater equity content for rating agency purposes
Step 2: PLANNED
Exchange common equity for hybrid capital instruments –
4Q and beyond
Step 3: PLANNED
Replace existing traditional trust preferred with enhanced trust
preferred securities –
4Q and beyond
(1)
Execution of the planned transactions is subject to market conditions.
•
We issued $500 million of perpetual preferred stock with a replacement capital
covenant in September at LIBOR +53 bps
9	

Loans ²
Consumer and Commercial Deposits ²
Net Interest Margin ³
Net Interest Income ²
Noninterest
Income
2,4
Noninterest
Expense ²
Net Charge-Offs ³
Effective Tax Rate ³
Common Shares Outstanding ³
Upper-single digits
Mid-single digits
2.95-3.10%
Mid to upper-single digits
Upper-single digits
Mid-single digits
15-20 bp
31-32%
350-360 million
1
Actual
results
could
differ
materially
from
those
contained
in
or
implied
by
such
statements.
A
list
of
important
factors
that
could
affect
actual
results
are
listed
on
slide
1.
2
Year-over-year growth rates.
3
Outlook for full year.
4
Excludes
securities
gains
and
losses
and
net
gain
from
the
sale
of
the
Bond
Trustee
business.
2007 Outlook
1
10