UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) January 23, 2008
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 January 23, 2008, SunTrust Banks, Inc. (the “Registrant”) announced financial results for the full year and the fourth quarter ended December 31, 2007. A copy of the News Release announcing the Registrant’s results for the year and fourth quarter ended December 31, 2007 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 year and fourth quarter ended December 31, 2007 on January 23, 2008, at 8:00 a.m. Eastern time. Additional presentation materials relating to such call are attached hereto as Exhibit 99.2 and are incorporated herein by reference.
All information in the news release and the presentation materials speak as of the date thereof and the Registrant does not assume any obligation to update said information in the future. In addition, the Registrant disclaims any inference regarding the materiality of such information which otherwise may arise as a result of its furnishing such information under Item 2.02 and/or Item 7.01 of this report on Form 8-K.
 
Item 9.01	Financial Statements and Exhibits.	
 
(d)	Exhibits	

99.1	  	News release dated January 23, 2008 (furnished with the Commission as a part of this Form 8-K).	
		
99.2	  	Presentation materials dated January 23, 2008 (furnished with the Commission as a part of this Form 8-K).	
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	 		 	SUNTRUST BANKS, INC.	
	 		 	(Registrant)	
				
Date: January 23, 2008.	 		 	By:	 	/s/ Thomas E. Panther	
	 		 		 		 	Thomas E. Panther,	
	 		 		 		 	Senior Vice President and Controller	

Exhibit 99.1

	 	 

News Release	

			
Contact:	  		
Investors	  	Media	
Steve Shriner	  	Barry Koling	
(404) 827-6714	  	(404) 230-5268	
For Immediate Release
January 23, 2008
SunTrust Reports Fourth Quarter 2007 Earnings

Results Reflect Industry Pressures: Credit Cycle & Market Valuation Write-Downs
ATLANTA — SunTrust Banks, Inc. (NYSE: STI) reported net income available to common shareholders of $1,603.7 million, or $4.55 per average common diluted share for 2007 compared to $2,109.7 million, or $5.82 per average common diluted share last year. The Company’s 2007 results were adversely impacted by declines in the market value of recently acquired asset-backed securities, as well as credit losses related to residential real estate loans. Increased delinquencies in mortgage-related loans and declines in home values have hampered the liquidity and value of assets tied to the residential real estate market. Net income available to common shareholders in the fourth quarter of 2007 was $3.3 million, down from $498.6 million in the fourth quarter of 2006. Net income per average common diluted share was $0.01 compared to $1.39 in the fourth quarter of 2006.
“Continued progress in implementing shareholder value-oriented initiatives at SunTrust was eclipsed in the fourth quarter by the impact of industry-wide pressures, notably rapid deterioration of the residential real estate market, the change in the credit cycle and consumer credit quality, and the resulting impact on liquidity in the financial markets,” said James M. Wells III, President and Chief Executive Officer of SunTrust. Mr. Wells noted that modest growth in net interest income, double-digit growth in several fee-related products, and disciplined expense management were not sufficient to overcome the losses resulting from the deterioration in the credit markets.
Despite the very difficult operating environment, the Company continues to make considerable progress on the E 2 Efficiency and Productivity Program. The estimated gross cost savings in 2007 were $215 million, which is 119% of the revised goal of $181 million and significantly above the original $135 million target. The Company continues to realize savings as a result of the E 2 initiatives and is well positioned going into 2008 to continue to more efficiently utilize resources while enhancing the overall customer service experience for clients.
Market Valuation Losses
In aggregate, the Company recorded net market valuation losses of $555 million during the quarter. The Company recorded approximately $510 million in market valuation losses related to securities that were purchased during the fourth quarter from certain money market funds that are managed by Trusco Capital Management, a subsidiary of the Company, as well as Three Pillars Funding LLC, a multi-seller commercial paper conduit sponsored by the Company. At the time of purchase, these securities were predominantly AAA or AA-rated, short dated residential mortgage-backed securities, Structured Investment Vehicles (“SIVs”), and corporate and consumer collateralized debt obligations. These mark-downs reflect the lack of liquidity in the market for these securities, deterioration in the credit quality of the underlying assets, and/or the fact that the respective investment vehicle has entered restructuring proceedings. The Company also recognized in the fourth quarter approximately $45 million in net market valuation losses related to its trading and securitization assets, mortgage loan valuation write-downs, and a net write-up in SunTrust corporate debt. Also significantly impacting the fourth quarter was $356.8 million in provision for loan losses, which was driven by deterioration in the residential real estate market.
The full year results include approximately $700 million in market valuation losses related to the asset-backed securities, the mortgage loan warehouse, and the capital markets warehouse and residual interests, net of market valuation gains on the Company’s debt carried at fair value.

Financial Highlights

 	  	4 th
Quarter
2007	 	 	4 th
Quarter
2006	 	 	 	 	 	Full
Year
2007	 	 	Full
Year
2006	 	 	Change	 	
 	  			 			 	Change	 	 			 			 			
Income Statement	  				 				 			 				 				 			
(Dollars in millions, except per share data)	  				 				 			 				 				 			
							
Net income available to common shareholders	  	$	3.3	 	 	$	498.6	 	 	(99.3	)%	 	$	1,603.7	 	 	$	2,109.7	 	 	(24.0	)%	
Net income per average common diluted share	  	 	0.01	 	 	 	1.39	 	 	(99.3	)%	 	 	4.55	 	 	 	5.82	 	 	(21.8	)%	
Total revenue – fully taxable-equivalent	  	 	1,770.8	 	 	 	2,067.8	 	 	(14.4	)%	 	 	8,250.9	 	 	 	8,216.8	 	 	0.4	%	
Provision for loan losses	  	 	356.8	 	 	 	115.8	 	 	NM	 	 	 	664.9	 	 	 	262.5	 	 	NM	 	
Noninterest income	  	 	576.0	 	 	 	882.6	 	 	(34.7	)%	 	 	3,428.7	 	 	 	3,468.4	 	 	(1.1	)%	
Noninterest expense	  	 	1,455.3	 	 	 	1,233.8	 	 	18.0	%	 	 	5,233.8	 	 	 	4,879.9	 	 	7.3	%	
							
Net interest margin	  	 	3.13	%	 	 	2.94	%	 	19 bps	 	 	 	3.11	%	 	 	3.00	%	 	11 bps	 	
Balance Sheet	  				 				 			 				 				 			
(Dollars in billions)	  				 				 			 				 				 			
Average loans	  	$	121.1	 	 	$	121.4	 	 	(0.2	)%	 	$	120.1	 	 	$	119.6	 	 	0.4	%	
Average consumer and commercial deposits	  	 	99.6	 	 	 	98.6	 	 	1.1	%	 	 	98.0	 	 	 	97.2	 	 	0.9	%	
							
Capital	  				 				 			 				 				 			
Tier 1 capital ratio (1) 	  	 	7.00	%	 	 	7.72	%	 			 				 				 			
Total average shareholders’ equity to total average assets	  	 	10.30	%	 	 	9.96	%	 			 				 				 			
Tangible equity to tangible assets	  	 	6.28	%	 	 	6.03	%	 			 				 				 			
							
Asset Quality	  				 				 			 				 				 			
Net charge-offs to average loans (annualized)	  	 	0.55	%	 	 	0.52	%	 			 	 	0.35	%	 	 	0.21	%	 			
Nonperforming loans to total loans	  	 	1.19	%	 	 	0.44	%	 			 				 				 			

(1)  Current period Tier 1 capital ratio is estimated as of the earnings release date.
    NM – Not meaningful. Those changes over 100% were not considered to be meaningful.	    

 	•	 	Net market valuation losses and an increase in provision for loan losses adversely impacted fourth quarter income resulting in a pre-tax loss of $68.6 million. Net income available to common shareholders was $3.3 million.	
 	•	 	For the fourth quarter, fully taxable-equivalent total revenue decreased $297.0 million, or 14.4%. The $555 million in net market valuation losses recognized in the fourth quarter were partially offset by growth in net interest income, fee-related noninterest income, and real estate related gains.	
 	•	 	Fully taxable-equivalent net interest income increased 0.8% in the fourth quarter over the same quarter last year and 1.6% in 2007 over 2006 due to balance sheet management strategies that the Company implemented in 2006 and 2007.	
 	•	 	Fourth quarter 2007 noninterest income declined $306.6 million, or 34.7%, due to the net market valuation adjustments of approximately $555 million. The decline was partially offset by strong growth in service charges on deposits, retail investment services, card fees, and mortgage servicing income.	
 	•	 	Total average loans in the fourth quarter were flat compared to the fourth quarter of 2006 due to the Company’s balance sheet management strategies implemented in 2007, but increased $1.5 billion, or 1.3%, compared to the third quarter of 2007.	
 	•	 	Total average consumer and commercial deposits increased $1.1 billion, or 1.1%, compared to the fourth quarter of 2006 and $2.9 billion, or 3.0%, compared to the third quarter of 2007. The increase was primarily in interest bearing categories.	
 
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CONSOLIDATED FINANCIAL PERFORMANCE
Revenue
Fully taxable-equivalent total revenue was $1,770.8 million for the fourth quarter of 2007, down $297.0 million, or 14.4%, compared to the fourth quarter of 2006. The decline was primarily attributable to $555 million in net market valuation losses related to the write-down of certain asset-backed securities, as well as mortgage loan warehouse and trading and securitization assets. These net market valuation losses were partially offset by growth in net interest income, fee-related noninterest income, and a net gain from sale leaseback transactions.
For the year ended December 31, 2007, fully taxable-equivalent total revenue was $8,250.9 million, an increase of 0.4% over 2006. Total revenue includes approximately $700 million in net market valuation related losses, which were offset by growth in net interest income, the $234.8 million gain on sale of Coke stock, fee-related noninterest income, and other gains, including real estate related gains from various sale leaseback transactions executed during 2007.
Net Interest Income
For the fourth quarter of 2007, fully taxable-equivalent net interest income was $1,194.8 million, up slightly compared to the prior year and down $24.4 million, or 2.0%, compared to the prior quarter. Net interest income growth in the fourth quarter was constrained due to asset yields tied to the prime rate declining in lock-step with Federal Reserve reductions while deposit rates were declining to a lesser extent due to deposit competition. Net interest margin for the fourth quarter of 2007 was 3.13%, an increase of 19 basis points over the fourth quarter of 2006. During 2007, the Company was able to reduce lower yielding assets and de-leverage the balance sheet by reducing higher cost wholesale deposits as part of its balance sheet management strategies. Compared to third quarter of 2007, net interest margin declined 5 basis points due to the prime rate based asset yields declining faster than deposit rates.
For the year ended December 31, 2007, fully taxable-equivalent net interest income was $4,822.2 million, up $73.8 million, or 1.6%, compared to 2006. Net interest margin was 3.11% compared to 3.00% in 2006. The increase in net interest income and net interest margin was due to the Company’s balance sheet management initiatives that were implemented in 2006 and 2007.
Noninterest Income
Total noninterest income was $576.0 million for the fourth quarter of 2007, which was $306.6 million, or 34.7%, below prior year. The fourth quarter included net market valuation losses of approximately $555 million related to market value declines in asset-backed securities, as well as valuation declines in mortgage loans held for sale, and trading and securitization assets. Mortgage-related income increased $23.3 million, or 41.2%, compared to the fourth quarter of 2006 due to higher servicing income generated from the servicing portfolio, which increased over 15% in 2007, and a $19.2 million gain on sale of mortgage servicing rights. Mortgage-related income is also estimated to have increased approximately $34 million due to the Company electing to record at fair value certain newly-originated mortgage loans held for sale. The increase in mortgage-related income was partially offset by approximately $78 million in mortgage loan valuation losses. Investment banking income decreased $16.2 million, or 22.7%, due to lower securitization and syndicated finance activities. Compared to the fourth quarter of 2006, service charges on deposit accounts, card fees, and retail investment services income each grew in excess of 10%. The Company also recognized a net gain of $118.8 million from the sale leaseback of branch and office properties.
For the year ended December 31, 2007, noninterest income was $3,428.7 million, which was $39.7 million, or 1.1%, below 2006. The Company recognized approximately $700 million in net market valuation losses related to the purchase of asset-backed securities and market value declines in the mortgage loan warehouse and securitization and trading assets. Trust and investment management income was flat compared to prior year, despite the sale of the bond trustee business in the third quarter of 2006 and the
 
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merger of Lighthouse Partners in the first quarter of 2007. Service charges on deposit accounts increased $58.3 million, or 7.6%, over 2006 due primarily to higher NSF fees. Card fees were up $33.1 million, or 13.3%, on higher interchange income. Retail investment services increased $44.1 million, or 18.8%, due to higher annuity sales and higher recurring managed account fees. Mortgage servicing income increased $73.7 million, or 60.5%, primarily due to the larger servicing portfolio. Mortgage production was $58.3 billion in 2007 compared to $55.4 billion in 2006; however, mortgage production-related income declined $126.4 million, or 58.2%, due to $165.4 million in net valuation losses from the widening of credit spreads related to mortgage loans held for sale. The Company also recognized a gain on the sale of shares of The Coca Cola Company stock of $234.8 million in 2007. Other gains from the sale of assets included a $118.8 million net gain from several sale leaseback transactions and a $32.3 million gain from the merger of Lighthouse Partners in 2007. In 2006, the Company recognized a $112.8 million gain on the sale of its bond trustee business and $50.5 million in losses on the sale of available for sale securities.
Noninterest Expense
For the fourth quarter 2007, noninterest expense was $1,455.3 million, an increase of $221.6 million, or 18.0%, over the fourth quarter of 2006. The increase was driven by a $76.9 million accrual for Visa litigation and $57.7 million in write-downs related to Affordable Housing properties, compared to $11.8 million in Affordable Housing related write-downs recognized in 2006. In addition, the Company increased its marketing expenses $13.9 million related to various deposit growth initiatives. Operating losses increased $27.9 million primarily related to mortgage application fraud. Employee compensation expenses increased $25.7 million, which was attributable to approximately $34 million of additional compensation expense related to the Company’s election in 2007 to record at fair value certain newly-originated mortgage loans held for sale. Under this election, costs associated with the origination of mortgage loans held for sale are recognized as a component of compensation expense when the loan is originated. Prior to the election, these costs were deferred and recognized as part of gain/loss on the sale of the loan. Partially offsetting the increase in employee compensation expense was a decrease in salary expense as a result of total personnel decreasing from 33,599 at December 31, 2006, to 32,323 at December 31, 2007. The remaining increase in expense is primarily the result of credit related expenses, occupancy, equipment, and outside processing expenses.
For the year ended December 31, 2007, total noninterest expense was $5,233.8, an increase of $353.9 million, or 7.3%, over 2006. In addition to the items previously discussed, the full year impact of the increase in employee compensation expense attributable to the election in 2007 to record certain newly-originated mortgage loans held for sale was approximately $78 million. The Company incurred implementation costs of $61.7 million related to the Company’s E 2 Efficiency and Productivity Program, which includes $45 million in severance expense. Partially offsetting the expense increase was a $33.6 million reduction in the accrued liability related to the call of a capital instrument. Taking into consideration the incremental impact of these items, expense growth for the year was 2.6%, which was attributable to certain expenses associated with the change in the credit cycle.
Provision for Income Taxes
For the fourth quarter, the Company recognized a tax benefit of $79.7 million compared to a tax provision of $187.9 million recognized in the fourth quarter of 2006. The tax benefit was the result of the lower than anticipated fourth quarter earnings, which resulted in an annual effective tax rate of 27.4% in 2007 compared to an annual effective tax rate of 29.1% in 2006.
Balance Sheet
As of December 31, 2007, SunTrust had total assets of $179.6 billion and shareholders’ equity was $18.1 billion, representing 10.1% of total assets. Book value per common share was $50.38 as of December 31, 2007.
 
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Loans
Average loans for the fourth quarter of 2007 were $121.1 billion, which was down slightly compared to the fourth quarter of 2006. Average residential real estate loans declined $2.4 billion, or 6.9%, from the fourth quarter 2006, which was offset by growth in real estate home equity loans and commercial loans. Average loans in the fourth quarter of 2007 increased $1.5 billion, or 1.3%, over the third quarter due to commercial loan growth and the transfer of approximately $840 million in residential real estate loans from loans held for sale due to the lack of marketability of the loans and SunTrust’s intent to hold these loans to maturity. For the fourth quarter of 2007, average loans held for sale declined $3.2 billion, or 26.9%, compared to the same period of 2006 primarily due to the lower mortgage production volume and the aforementioned transfer of loans held for sale.
Deposits
Average consumer and commercial deposits were $99.6 billion for the fourth quarter of 2007, an increase of $2.9 billion, or 3.0%, compared to the third quarter of 2007 and $1.1 billion, or 1.1%, compared to the fourth quarter of 2006. The increase was driven by growth in NOW, money market, and time deposits, partially offset by declines in savings accounts and demand deposit balances. Average balances for brokered and foreign deposits declined $5.4 billion in the fourth quarter of 2007 as compared to the third quarter of 2007, as the Company was able to reduce its reliance on higher cost sources of funding.
Capital
The estimated Tier 1 capital and tangible equity to tangible asset ratios at December 31, 2007, were 7.00% and 6.28%, respectively, a decline of 44 and 4 basis points compared to September 30, 2007. The decline is attributable to lower net income in the fourth quarter of 2007, higher risk-weighted assets from the purchase of certain investment securities, as well as the redemption of a capital instrument during the fourth quarter. The Company continues to target a Tier 1 capital ratio of 7.5%.
Asset Quality
Net charge-offs for the fourth quarter were $168.0 million compared to $158.6 million for the fourth quarter in 2006. The fourth quarter of 2006 includes charge-offs related to a large commercial loan. Annualized net-charge offs to average loans for the quarter ended December 31, 2007, was 0.55% compared to 0.34% for the quarter ended September 30, 2007. The increase in net charge-offs was primarily related to consumer and residential real estate loans. Annual net charge-offs in 2007 were $422.8 million compared to $246.1 million in 2006. The corresponding net charge-off ratios were 0.35% and 0.21%, respectively. The increase was also due to consumer and residential real estate related loans.
Total nonperforming loans were $1,460.3 billion, or 1.19% of total loans as of December 31, 2007, compared to $1,003.8 million, or 0.83% of total loans as of September 30, 2007. The increase in nonperforming loans was most pronounced in residential real estate and construction loans and relates to the overall downturn in the housing market.
The allowance for loan and lease losses was $1,282.5 million as of December 31, 2007, which was 1.05% of total loans. As of September 30, 2007, the allowance for loan and lease losses was 0.91% of total loans. The allowance for loan and lease losses increased $188.8 million due to an increased expectation for charge-offs primarily related to consumer and residential real estate loans.
LINE OF BUSINESS FINANCIAL PERFORMANCE
The following discussion details results for SunTrust’s five business lines: Retail, Commercial, Corporate and Investment Banking, Mortgage, and Wealth and Investment Management. All revenue is reported on a fully taxable-equivalent basis. For the lines of business, results include net interest income which is computed using matched-maturity funds transfer pricing. Further, provision for loan losses is represented by net charge-offs.
 
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SunTrust also reports results for Corporate Other and Treasury, which includes the Treasury department as well as the residual expense associated with operational and support expense allocations. This segment also includes differences created between internal management accounting practices and Generally Accepted Accounting Principles, certain matched-maturity funds transfer pricing credits and charges, differences in provision expense compared to net charge-offs, as well as equity and its related impact.
Retail
Three Months Ended December 31, 2007 vs. 2006
Retail’s net income for the fourth quarter of 2007 was $126.4 million, a decrease of $50.1 million, or 28.4%, compared to the fourth quarter of 2006. This decrease was primarily the result of higher provision expense and lower net interest income, partially offset by higher noninterest income.
Net interest income decreased $37.1 million, or 6.3%, driven by a continued shift in deposit mix and decreased spreads, as customers continue to migrate into higher yielding interest bearing accounts. Net interest income on deposits decreased $39.5 million, as average deposits declined $2.0 billion primarily due to a decrease in average demand deposits and savings account balances, as both consumer and small business clients moved excess balances to higher rate deposit products. Positively impacting net interest income was a $924.2 million, or 3.0%, increase in average loan balances driven by growth in home equity and commercial loans which grew 6.5% and 14.0%, respectively, over the fourth quarter of 2006.
Provision for loan losses increased $60.2 million over the same period in 2006. The provision increase was most pronounced in home equity, indirect auto and commercial loans, reflecting the negative impact from the current deterioration in certain segments of the consumer portfolio, primarily related to the residential real estate market.
Total noninterest income increased $34.5 million, or 13.4%, from the fourth quarter of 2006. This increase was driven primarily by a $26.1 million, or 17.4%, increase in service charges on deposit accounts from both consumer and business accounts primarily due to higher NSF fees.
Total noninterest expense increased $17.7 million, or 3.3%, primarily driven by personnel expense which increased 3.4% over the fourth quarter 2006 due in part to branch personnel expense. Other expenses related to investments in the branch distribution network and business banking also drove the increase.
Twelve Months Ended December 31, 2007 vs. 2006
Retail’s net income for the twelve months ended December 31, 2007, was $602.1 million, a decrease of $113.4 million, or 15.9%, compared to the same period in 2006. The decrease was primarily the result of higher provision expense and lower net interest income, partially offset by higher noninterest income.
Net interest income decreased $58.2 million, or 2.5%, driven by a shift in deposit mix and compressed spreads as deposit competition and the interest rate environment encouraged customers to migrate into higher yielding interest bearing accounts. Average deposits decreased $761.5 million, or 1.1% year over year, as increases in certain higher-cost NOW account products and time deposits were offset by declines in demand deposits and certain lower-cost money market accounts. Positively impacting net interest income was an $824.8 million, or 2.7%, increase in average loans driven by 4.4% and 10.5% growth in home equity and commercial loans, respectively. These increases were partially offset by a 4.4% decrease in indirect auto loans and a 14.0% decrease in direct installment loans.
Provision for loan losses increased $160.6 million over 2006. The provision increase was most pronounced in home equity, indirect auto and commercial loans, reflecting the negative impact from the current deterioration in certain segments of the consumer portfolio, primarily related to the residential real estate market.
Total noninterest income for 2007 increased $53.0 million, or 5.0%, over 2006 levels. The increase was due to a $45.8 million, or 7.7%, increase in service charges on deposit accounts driven by higher consumer and business fees primarily due to higher NSF fees. Interchange income also grew due to increased transaction volume. These increases were partially offset by a decrease in gains on sales of student loans.
 
6

Total noninterest expense increased $17.1 million, less than 1% year over year. A 2.7% increase in personnel expense and other expenses related to investments in the branch distribution network and business banking was partially offset by decreases in amortization of core deposit intangibles and new loan production expense.
Commercial
Three Months Ended December 31, 2007 vs. 2006
Commercial’s net income for the fourth quarter of 2007 was $68.6 million, a decrease of $37.3 million, or 35.2%, from the same period in 2006. The decrease was primarily the result of higher Affordable Housing-related noninterest expense and lower net interest income, partially offset by higher noninterest income.
Net interest income decreased $17.7 million, or 7.4%, from the fourth quarter of 2006. Although average deposits increased $850.1 million, or 6.0%, the continued shift in deposit mix to higher-rate deposit products decreased net interest income by $4.9 million. This compression in deposit spreads was primarily due to a decrease in demand deposits, as customers redeployed liquidity in the current rate environment to higher-yielding NOW accounts, certificates of deposit, and off-balance sheet sweep products. The fourth quarter 2007 increase in average deposits was driven by increases in institutional and government deposits, partially offset by decreases in lower-cost demand deposits and money market accounts. Average loans were relatively flat, increasing $97.6 million, or 0.3%, while net interest income derived from loan products decreased $13.9 million, or 8.2%, primarily due to decreased spreads on commercial real estate loans.
Provision for loan losses was $8.5 million, an increase of $6.0 million compared to the fourth quarter of 2006.
Total noninterest income increased $6.7 million, or 9.2%, over the fourth quarter of 2006, driven by increases in service charges on deposit accounts and higher referral revenues from BankCard and capital markets products, partially offset by decreases in letters of credit fees and mortgage origination referral revenues.
For the fourth quarter of 2007, total noninterest expense increased $44.5 million, or 25.3%, over the same period in 2006. A 4.4% decrease in personnel related expense was more than offset by a $57.7 million write-down related to Affordable Housing properties.
Twelve Months Ended December 31, 2007 vs. 2006
Commercial’s net income for the twelve months ended December 31, 2007, was $373.1 million, a decrease of $51.4 million, or 12.1%. The decrease was primarily the result of higher Affordable Housing-related noninterest expense and lower net interest income, partially offset by higher noninterest income.
Net interest income decreased $50.2 million, or 5.2%. Although average deposits increased $609.0 million, or 4.4%, the continued shift in deposit mix to higher-rate deposit products decreased net interest income by $31.8 million. This compression in deposit spreads was primarily due to a decrease in demand deposits, as customers redeployed liquidity in the current rate environment to higher-yielding NOW accounts, certificates of deposit, and off-balance sheet sweep products. The increase in average deposits was driven by increases in institutional and government deposits, partially offset by decreases in lower-cost demand deposits and money market accounts. Average loans increased $447.2 million, or 1.4% year over year, while net interest income derived from loan products decreased $18.4 million, or 2.8%. While commercial loan spreads were up, commercial real estate spreads decreased.
Provision for loan losses for the year was $22.2 million, an increase of $12.5 million compared to the same period in 2006.
Total noninterest income increased $14.5 million, or 5.1%, year over year, driven by increases in service charges on deposit accounts and higher referral revenues from BankCard and capital markets products, as well as higher deposit sweep revenue. These increases were partially offset by decreases in loan fees, letter of credit fees, and mortgage origination referral revenues.
 
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Total noninterest expense in 2007 increased $41.5 million, or 6.1%, over 2006. Decreases in personnel expense, credit and collection expenses, and shared corporate expenses were more than offset by $48.7 million in increased write-downs related to Affordable Housing properties.
Corporate and Investment Banking
Three Months Ended December 31, 2007 vs. 2006
Corporate and Investment Banking incurred a net loss of $54.3 million for the fourth quarter of 2007, a decrease of $78.7 million in net income compared to the prior year. The decrease was driven by market valuation write-downs and losses primarily in structured products due to capital markets volatility associated with turmoil in the mortgage industry, lack of loan liquidity, and widening credit spreads, partially offset by lower provision expense.
Net interest income increased slightly in the fourth quarter of 2007, up $1.6 million, or 2.9%, compared to the same period in 2006. Average loan balances decreased $58.5 million, or 0.4%, while the corresponding net interest income decreased 5.4% due to declining volumes and a decrease in spreads. The decline in balances was driven by a $1.9 billion structured asset sale of corporate loans in the first quarter of 2007, partially offset by growth in corporate banking loans and lease financing assets. Total average deposits were up $2.4 billion, or 82.4%, in the fourth quarter of 2007 over the same period in 2006, primarily in corporate money market accounts, while the associated net interest income was up $2.1 million.
Provision for loan losses was $7.3 million, an improvement of $101.7 million from the same period in 2006 as that period included the charge-off of a single large commercial loan.
Total noninterest income in the fourth quarter of 2007 decreased $224.1 million compared to the same period in 2006. The decrease was primarily driven by write-downs and losses of approximately $194.7 million in collateralized debt obligations, mortgage-backed securities, and collateralized loan obligation warehouses. The write-down included $144.7 million associated with the December purchase of $718 million of asset-backed securities from Three Pillars Funding, a multi-seller commercial paper conduit sponsored by the Company. At the time of purchase, these securities were AAA or AA-rated residential mortgage-backed securities and corporate and consumer collateralized debt obligations. These mark-downs reflect the lack of liquidity in the market for these securities and deterioration in the credit quality of the underlying assets. The securities are being carried as trading assets on the Company’s balance sheet. Further contributing to the decrease were lower revenues from merchant banking, M&A activities, and bond originations, partially offset by solid performances in derivatives, structured leasing, and equity offerings.
In the fourth quarter of 2007, total noninterest expense decreased $2.6 million, or 2.1%, compared to the fourth quarter of 2006 driven primarily by lower incentive-based compensation expense tied to revenue offset by higher legal and consulting fees.
Twelve Months Ended December 31, 2007 vs. 2006
Corporate and Investment Banking’s net income for the twelve months ended December 31, 2007, was $45.6 million, a decrease of $144.6 million, or 76.0%, from 2006. The decrease was driven by write-downs and losses primarily in structured products due to capital markets volatility created by turmoil in the mortgage industry, lack of loan liquidity, and widening credit spreads, partially offset by lower provision expense.
Net interest income decreased $12.3 million, or 5.2%, year over year. Average loan balances decreased $419.4 million, or 2.6%. The decline in loan balances along with compressed spreads resulted in an 11.3% decrease in loan-related net interest income. The decline in balances was driven by a $1.9 billion structured asset sale of corporate loans in the first quarter of 2007, partially offset by growth in corporate banking loans and lease financing assets. Total deposits increased $469.3 million, or 15.1%, driven by an
 
8

increase in higher cost corporate money market accounts. Deposit related net interest income was down $3.1 million, or 5.0%, as the shift to higher cost money market accounts compressed deposit spreads. Partially offsetting these declines was improved net interest income from higher balances and favorable spreads in sales and trading.
Provision for loan losses was $37.7 million, an improvement of $76.2 million, or 66.9%, from 2006 due to the charge-off a single large commercial loan in the fourth quarter of 2006.
For the year, total noninterest income decreased $289.6 million, or 43.4%, compared to 2006. The decrease was primarily driven by write-downs and losses of approximately $316.1 million in collateralized debt obligations, mortgage-backed securities, and collateralized loan obligation securities, most of which occurred during the third and fourth quarters of 2007. Weakness in fixed income trading, loan related fees, and M&A fee revenue was partially offset by strong performance in derivatives, structured leasing, merchant banking and equipment lease financing.
Total noninterest expense decreased $2.6 million, or 0.5%, compared to 2006. The improvement was driven by lower personnel expense related to lower incentive-based compensation expense tied to revenue, decreased expense related to merchant banking activities, and lower shared corporate expenses. These decreases were partially offset by the reversal of leveraged lease expense in the second quarter of 2006, higher outside processing, legal, and consulting expenses in 2007.
Mortgage
Three Months Ended December 31, 2007 vs. 2006
Mortgage reported a net loss of $30.0 million for the fourth quarter of 2007, a decrease of $71.9 million compared to fourth quarter of 2006. The decrease resulted primarily from credit-related losses on mortgage loans and net valuation losses on mortgage loans held for sale, which was partially offset by higher mortgage servicing revenues and gains on sales of mortgage servicing assets.
Net interest income for the fourth quarter of 2007 decreased $20.1 million, or 13.5%, due to lower income from portfolio loans and loans held for sale, as well as higher funding costs for mortgage servicing rights. Total average loans, principally residential mortgage and residential construction loans, were down $1.0 billion, or 3.1%. The balance decline, in conjunction with lower spreads, resulted in lower net interest income of $16.7 million. The decline in average balances was due to the Company’s balance sheet management strategies that included the transfer of $4.1 billion of portfolio loans to held for sale at fair value in the first quarter of 2007 and subsequent sale of the majority of those loans, offset by loan growth from mortgage originations. Average loans held for sale declined $3.1 billion, resulting in an income decline of $6.2 million, or 19.6%, driven by lower mortgage origination volume. Average mortgage servicing rights increased $0.3 billion resulting in lower net interest income of $4.3 million, or 54.4%. The lower income was partially offset by higher income from investment securities, which increased $3.9 billion and contributed $7.6 million to the change in net interest income.
Provision for loan losses increased $43.2 million driven by higher consumer mortgage and residential construction loan charge-offs.
Total noninterest income increased $39.8 million, or 65.7%, in the fourth quarter of 2007 compared to 2006 driven by higher mortgage servicing income. Production income was down $3.4 million due to net valuation losses on loans held for sale that were substantially offset by the recognition of origination fees that were deferred prior to the May 2007 election of fair value accounting for certain loans. Loan production of $12.9 billion in the fourth quarter of 2007 was down $2.1 billion, or 14.0%, compared to the same period in 2006. Servicing income was up $48.8 million due to higher servicing revenues on higher servicing balances, gains on sales of mortgage servicing assets, and lower mortgage servicing rights amortization. At December 31, 2007, total loans serviced were $149.9 billion, an increase of $19.9 billion, or 15.3%.
Fourth quarter 2007 total noninterest expense was up $90.2 million, or 60.8%, compared to 2006 principally due to increased operating losses of $30.0 million primarily driven by loan application fraud from customer misstatements of income and/or assets primarily on Alt-A products originated in prior periods, the recognition of loan origination costs that were deferred prior to the May 2007 fair value election for certain loans, and increased credit and growth-related expenses.
 
9

Twelve Months Ended December 31, 2007 vs. 2006
Mortgage’s net income for the twelve months ended December 31, 2007, was $7.9 million, a decrease of $237.8 million, or 96.8%, compared to 2006. The decline resulted primarily from $166 million in net valuation losses on mortgage loans held for sale due to market volatility and mortgage spread widening in conjunction with increased credit-related losses on mortgage loans. These losses were partially offset by higher mortgage servicing revenue.
Net interest income in 2007 declined $76.0 million, or 12.6%, compared to 2006 principally due to lower income from portfolio loans and loans held for sale, as well as higher funding costs for mortgage servicing rights, which was partially offset by higher net interest income on deposits and investments. Average portfolio loans, principally consumer mortgages and residential construction loans, declined $0.4 billion, or 1.4%. The volume decline combined with compressed spreads resulted in a reduction of net interest income from total loans of $53.1 million. Average loans held for sale increased $0.5 billion; however, compressed spreads more than offset the benefit of higher balances and reduced net interest income by $38.0 million. Funding costs on higher mortgage servicing rights balances further reduced net interest income by $16.5 million. Net interest income from deposits increased $17.1 million, while net interest income from investments increased $13.1 million.
Provision for loan losses for the year 2007 increased $72.4 million driven by higher consumer mortgage and residential construction net charge-offs.
Total noninterest income declined $13.7 million, or 3.6%, due to lower production income, partially offset by higher servicing and insurance income. Production income declined $103.9 million due to net valuation losses of $166 million on loans held for sale primarily due to market volatility and mortgage spread widening. These declines were partially offset by the recognition of origination fees that were deferred prior to the May 2007 fair value election for certain loans. Loan production of $58.3 billion was up $3.0 billion, or 5.4%, for the year 2007. Servicing income increased $73.9 million, driven by higher servicing revenues from higher balances, and lower mortgage servicing rights amortization, partially offset by lower gains on sales of servicing assets in 2007. At December 31, 2007, total loans serviced were $149.9 billion, an increase of $19.9 billion, or 15.3%. Revenues from mortgage insurance increased $10.0 million due to new mortgage origination volume.
Total noninterest expense increased $222.1 million for the year 2007, or 36.9%, over 2006, principally due to increased operating losses of $84.3 million primarily driven by loan application fraud from customer misstatements of income and/or assets primarily on Alt-A products originated in prior periods, recognition of loan origination costs that were deferred prior to the May 2007 election to record certain loans at fair value, and increased credit and growth-related expenses.
Wealth and Investment Management
Three Months Ended December 31, 2007 vs. 2006
Wealth and Investment Management incurred a net loss of $96.8 million for the fourth quarter of 2007 compared to net income of $61.1 million for the fourth quarter of 2006. In December 2007, the Company purchased $1.4 billion of SIV securities, at par, from the STI Classic Prime Quality Money Market Fund and the STI Classic Institutional Cash Management Money Market Fund. At the time of purchase, these were highly-rated, short-dated securities with underlying collateral including residential mortgage-backed securities and corporate and consumer collateralized debt obligations. These mark-downs reflect the lack of liquidity in the market for these securities, deterioration in the credit quality of the underlying assets, and the fact that certain SIVs have entered restructuring proceedings. Subsequent to purchasing the SIVs, a mark-to-market write-down of $250.5 million was recorded to reflect the estimated fair value of these securities as of December 31, 2007.
 
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Net interest income decreased $10.0 million, or 10.6%, primarily due to a continued shift in deposit mix to higher cost deposits. Average deposits decreased $186.1 million, or 1.9%, due to a decrease in demand deposit and certain money market accounts, partially offset by an increase in higher-cost NOW accounts and time deposits. This shift in deposit mix coupled with compressed spreads due to increased competition for deposits resulted in a $7.7 million decrease in net interest income. Average loans decreased $404.3 million, or 4.9%, reducing net interest income $2.1 million. The decline in average loans was driven by lower consumer and commercial balances.
Provision for loan losses increased $0.6 million, or 28.6%, primarily due to higher home equity and consumer mortgage net charge-offs.
Total noninterest income decreased $234.8 million, or 93.1%, compared to the fourth quarter of 2006 due to the $250.5 million SIV mark-to-market write-down. Retail investment income increased $6.6 million, or 10.4%, due to strong annuity sales and higher recurring managed account fees. Other income increased $6.9 million in the fourth quarter of 2007 due to the receipt of the final contingent consideration from the sale of the Bond Trustee business. Trust income increased $0.8 million, or 0.5%, despite lost trust income from the Lighthouse Partners merger in the first quarter of 2007. As of December 31, 2007, assets under management were approximately $142.8 billion compared to $141.3 billion as of December 31, 2006. Approximately $5.3 billion in Lighthouse Partners assets were merged into Lighthouse Investment Partners and are not included in the December 31, 2007 total. Assets under management include individually managed assets, the STI Classic Funds, institutional assets managed by Trusco Capital Management, and participant-directed retirement accounts. SunTrust’s total assets under advisement were approximately $250.0 billion, which includes $142.8 billion in assets under management, $60.9 billion in non-managed trust assets, $41.6 billion in retail brokerage assets, and $4.7 billion in non-managed corporate trust assets.
Total noninterest expense increased $1.1 million, or 0.4%, due to a $3.9 million, or 2.9%, increase in total personnel expense. Higher variable compensation primarily associated with strong retail investment income was partially offset by a $5.1 million, or 7.3%, decline in salary expense and lower Lighthouse Partners related expenses.
Twelve Months Ended December 31, 2007 vs. 2006
Wealth and Investment Management’s net income for the year ended December 31, 2007, was $84.9 million, a decrease of $204.3 million, or 70.6%, compared to the year ended December 31, 2006. The decline was principally driven by a $250.5 million pre-tax mark-to-market loss on SIV securities and a $112.8 million pre-tax gain realized in 2006 on the sale of the Bond Trustee business, partially offset by a $32.3 million pre-tax gain on sale upon merger of Lighthouse Partners into Lighthouse Investment Partners and increased retail investment income in 2007.
For the full year 2007, net interest income decreased $22.4 million, or 6.1%, as the continued shift in deposit mix to higher cost products compressed spreads. Average deposits increased $303.3 million, or 3.2%, as increases in higher-cost NOW account and time deposits was partially offset by declines in lower-cost demand deposit and money market account balances. This shift in deposit mix coupled with a decline in spreads driven by deposit competition was the primary driver of a $17.7 million decline in net interest income on deposits. Average loans declined $170.0 million, or 2.1%, resulting in a $5.3 million decline in net interest income on loans. The decline in loan balances resulted from lower consumer and commercial loans.
Provision for loan losses increased $4.8 million year over year primarily due to higher home equity and consumer mortgage net charge-offs.
Total noninterest income decreased $288.1 million, or 26.3%, primarily due to a $250.5 million mark-to-market loss on SIV securities in the fourth quarter of 2007 and a $112.8 million gain realized in 2006 on the sale of the Bond Trustee business. Partially offsetting these items was a $32.3 million gain on sale upon merger of Lighthouse Partners, as well as strong growth in retail investment income, which increased $44.0 million, or 19.3%, due to strong annuity sales and higher recurring managed account fees. Trust income declined $5.1 million, or 0.7%, due to lost revenue from the Lighthouse Partners merger and sale of the Bond Trustee business.
Total noninterest expense increased $7.0 million, or 0.7%, due to a $21.2 million, or 3.9%, increase in total personnel expense. Higher variable compensation primarily associated with strong retail investment income was partially offset by a $16.0 million, or 5.6%, decline in salary expense. Favorably impacting noninterest expense was lower Lighthouse Partners related expenses as a result of the sale upon merger.
 
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Corporate Other and Treasury
Three Months Ended December 31, 2007 vs. 2006
Corporate Other and Treasury’s net income for the fourth quarter of 2007 was a loss of $2.7 million, a decrease of $99.2 million compared to the fourth quarter of 2006 driven by an increased provision for loan loss and Visa litigation accrual. These decreases were partially offset by an increase in net interest income due to balance sheet management strategies executed in the first half of the year and increased noninterest income due to gains on several sale leaseback transactions of real estate properties.
Net interest income in the fourth quarter of 2007 increased $92.8 million over the same period in 2006 mainly due to the execution of balance sheet management strategies, which improved the yield on the securities portfolio and deleveraged the balance sheet reducing reliance on higher-cost wholesale funding. Total average assets decreased $9.6 billion, or 30.4%, mainly due to the reduction in size of the investment portfolio. Total average deposits decreased $10.4 billion, or 40.1%, mainly due to a decrease in brokered and foreign deposits as the Company reduced its reliance on wholesale funding sources.
Provision for loan losses, which predominantly represents the difference between consolidated provision for loan losses and net charge-offs for the lines of business, increased $232.7 million in conjunction with the further deterioration in the residential real estate market and outlook for consumer credit quality.
Total noninterest income increased $71.4 million in the fourth quarter of 2007 compared to the same period in 2006. The increase was mainly due to a $118.8 million gain on sale leaseback of real estate properties and $84.2 million in valuation gains on the Company’s long-term corporate debt carried at fair value, net of hedges, partially offset by an additional market valuation write-down of $116.2 million on the securities consolidated in the third quarter in anticipation of closing the fund. These mark-downs reflect the lack of liquidity in the market for these securities and deterioration in the credit quality of the underlying assets.
Total noninterest expense increased $70.7 million compared to the fourth quarter of 2006. The increase was mainly due to a $76.9 million accrual for the Visa litigation.
Twelve Months Ended December 31, 2007 vs. 2006
Corporate Other and Treasury’s net income for the twelve months ended December 31, 2007, was $520.4 million, an increase of $268.0 million compared to the same period in 2006 driven by an increase in net interest income due to balance sheet management strategies executed in the first half of this year, the $234.8 million pre-tax gain on sale of The Coca-Cola Company stock, a gain of $118.8 million on sale leaseback of real estate properties, and the net write-up in the value of the Company’s fixed-rate debt carried at fair value.
Net interest income increased $292.9 million mainly due to the aforementioned balance sheet management strategies, which improved the yield on the securities portfolio and reduced the Company’s reliance on wholesale funding sources. Total average assets for 2007 decreased $7.1 billion, or 21.9%, compared to 2006, mainly due to the reduction in the size of the securities portfolio. Total average deposits decreased $4.7 billion, or 17.9%, mainly due to a decrease in brokered and foreign deposits.
Provision for loan losses, which predominantly represents the difference between consolidated provision for loan losses and net charge-offs for the lines of business, increased $228.3 million, primarily in the fourth quarter of 2007 as compared to 2006, in conjunction with the further deterioration in the residential real estate market and outlook for consumer credit quality.
Total noninterest income increased $484.1 million for year 2007 compared to 2006. This was driven by the $234.8 million pre-tax gain on sale of The Coca-Cola Company stock, net securities losses in 2006, a gain of $118.8 million on sale leaseback of real estate properties, and $78.1 million increase in trading income. The increase in trading income includes the items mentioned in the fourth quarter noninterest income discussion.
 
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Total noninterest expense increased $68.8 million compared to the same period in 2006. Included in the twelve months ended December 31, 2007, was a $76.9 million accrual for Visa litigation and $50.7 million in initial implementation costs associated with the E 2 Efficiency and Productivity Program, of which $45 million was severance. Positively impacting noninterest expense was a $33.6 million decrease in the accrued liability associated with a capital instrument that the Company called in the fourth quarter. Additionally, reflected in total noninterest expense are reductions in total staff expense in support functions and consulting expense.
Corresponding Financial Tables and Information
Investors are encouraged to review the foregoing summary and discussion of SunTrust’s earnings and financial condition in conjunction with the detailed financial tables and information which SunTrust has also published today and SunTrust’s forthcoming annual report on Form 10-K. Detailed financial tables and other information are available on our Web site at www.suntrust.com in the Investor Relations section located under “About SunTrust”. This information is also included in a current report on Form 8-K filed with the SEC today.
This news release contains certain non-US GAAP financial measures to describe the Company’s performance. The reconciliation of those measures to the most directly comparable US GAAP financial measures, and the reasons why SunTrust believes such financial measures may be useful to investors, can be found in the financial information contained in the appendices of this news release.
Conference Call
SunTrust management will host a conference call on January 23, 2008, 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: 4Q07). Individuals calling from outside the United States should dial 1-517-308-9091 (Passcode: 4Q07). A replay of the call will be available beginning January 23, 2008, and ending February 6, 2008, by dialing 1-866-487-7540 (domestic) or 1-203-369-1649 (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, “4th Quarter Earnings Release.” Beginning the afternoon of January 23, 2008, 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. Statements that do not describe historical or current facts, including statements about beliefs and expectations, are forward-looking statements. These statements often include the words “may,” “could,” “will,” “should,” “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “initiatives,” “targets,” “potentially,” “probably,” “projects,” “outlook” or similar expressions. Such statements are based upon the current beliefs and expectations of SunTrust’s management, and on information currently available to management, and speak as of the date hereof. Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against
 
13

placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward-looking statements. Factors that could cause SunTrust’s results to differ materially from those described in the forward-looking statements can be found in the Company’s 2006 Annual Report on Form 10-K, in the Quarterly Reports on Form 10-Q and in the Current Reports filed on Form 8-K with the Securities and Exchange Commission and available at the Securities and Exchange Commission’s internet site ( http://www.sec.gov ). Those factors include: (1) adverse changes in general business or economic conditions could have a material adverse effect on our financial condition and results of operations; (2) 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; (3) the fiscal and monetary policies of the federal government and its agencies could have a material adverse effect on our earnings; (4) changes in securities markets or markets for commercial or residential real estate could harm our revenues and profitability; (5) customers could pursue alternatives to bank deposits, causing us to lose a relatively inexpensive source of funding; (6) customers may decide not to use banks to complete their financial transactions, which could affect net income; (7) we have businesses other than banking, which subjects us to a variety of risks; (8) hurricanes and other natural disasters may adversely affect loan portfolios and operations and increase the cost of doing business; (9) negative public opinion could damage our reputation and adversely impact our business; (10) we rely on other companies for key components of our business infrastructure; (11) we rely on our systems, employees and certain counterparties, and certain failures could materially adversely affect our operations; (12) we depend on the accuracy and completeness of information about clients and counterparties; (13) regulation by federal and state agencies could adversely affect our business, revenues, and profit margins; (14) competition in the financial services industry is intense and could result in losing business or reducing profit margins; (15) future legislation could harm our competitive position; (16) maintaining or increasing market share depends on market acceptance and regulatory approval of new products and services; (17) our ability to receive dividends from our subsidiaries accounts for most of our revenues and could affect our liquidity and ability to pay dividends; (18) significant legal actions could subject us to substantial uninsured liabilities; (19) 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; (20) we depend on the expertise of key personnel without whom our operations may suffer; (21) 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 our business strategy; (22) our accounting policies and methods are key to how we report financial condition and results of operations, and may require management to make estimates about matters that are uncertain; (23) changes in our accounting policies or in accounting standards could materially affect how we report our financial results and condition; (24) our stock price can be volatile; (25) our disclosure controls and procedures may fail to prevent or detect all errors or acts of fraud; (26) our trading assets and financial instruments carried at fair value expose the Company to certain market risks; (27) weakness in residential property values and mortgage loan markets could adversely affect us; (28) we may be required to repurchase mortgage loans or indemnify mortgage loan purchasers as a result of breaches of representations and warranties, borrower fraud, or certain borrower defaults, which could harm our liquidity, results of operations and financial condition; and (29) we may enter into transactions with off-balance sheet entities affiliated with SunTrust or its subsidiaries which may cause us to recognize current or future losses.
The forward-looking statements in this news release speak only as of this date, and SunTrust does not assume any obligation to update such statements or to update the reasons why actual results could differ from those contained in such statements.
###
 
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SunTrust Banks, Inc. and Subsidiaries
FINANCIAL HIGHLIGHTS
(Dollars in millions, except per share data) (Unaudited)

 
																			
 	 	Three Months Ended
December 31	 	 	%
Change 4	 	 	Twelve Months Ended
December 31	 	 	%
Change 4	 	
 	 	2007	 	 	2006	 	 			 	2007	 	 	2006	 	 			
EARNINGS & DIVIDENDS	 			 			 			 			 			 			
Net income	 	$11.1	 	 	$506.3	 	 	(97.8	)%	 	$1,634.0	 	 	$2,117.5	 	 	(22.8	)%	
Net income available to common shareholders	 	3.3	 	 	498.6	 	 	(99.3	)	 	1,603.7	 	 	2,109.7	 	 	(24.0	)	
Total revenue - FTE 2	 	1,770.8	 	 	2,067.8	 	 	(14.4	)	 	8,250.9	 	 	8,216.8	 	 	0.4	 	
Net income per average common share	 			 			 			 			 			 			
Diluted	 	0.01	 	 	1.39	 	 	(99.3	)	 	4.55	 	 	5.82	 	 	(21.8	)	
Basic	 	0.01	 	 	1.41	 	 	(99.3	)	 	4.59	 	 	5.87	 	 	(21.8	)	
Dividends paid per average common share	 	0.73	 	 	0.61	 	 	19.7	 	 	2.92	 	 	2.44	 	 	19.7	 	
							
CONDENSED BALANCE SHEETS	 			 			 			 			 			 			
Selected Average Balances	 			 			 			 			 			 			
Total assets	 	$175,130	 	 	$182,343	 	 	(4.0	)%	 	$177,796	 	 	$180,315	 	 	(1.4	)%	
Earning assets	 	151,541	 	 	160,115	 	 	(5.4	)	 	155,204	 	 	158,429	 	 	(2.0	)	
Loans	 	121,094	 	 	121,364	 	 	(0.2	)	 	120,081	 	 	119,645	 	 	0.4	 	
Consumer and commercial deposits	 	99,649	 	 	98,553	 	 	1.1	 	 	98,020	 	 	97,175	 	 	0.9	 	
Brokered and foreign deposits	 	15,717	 	 	26,124	 	 	(39.8	)	 	21,856	 	 	26,490	 	 	(17.5	)	
Total shareholders' equity	 	18,033	 	 	18,155	 	 	(0.7	)	 	17,808	 	 	17,547	 	 	1.5	 	
							
As of	 			 			 			 			 			 			
Total assets	 	179,574	 	 	182,162	 	 	(1.4	)	 			 			 			
Earning assets	 	154,397	 	 	159,064	 	 	(2.9	)	 			 			 			
Loans	 	122,319	 	 	121,454	 	 	0.7	 	 			 			 			
Allowance for loan and lease losses	 	1,283	 	 	1,045	 	 	22.8	 	 			 			 			
Consumer and commercial deposits	 	101,870	 	 	99,776	 	 	2.1	 	 			 			 			
Brokered and foreign deposits	 	15,973	 	 	24,246	 	 	(34.1	)	 			 			 			
Total shareholders’ equity	 	18,053	 	 	17,814	 	 	1.3	 	 			 			 			
							
FINANCIAL RATIOS & OTHER DATA	 			 			 			 			 			 			
Return on average total assets	 	0.03	%	 	1.10	%	 	(97.3	)%	 	0.92	%	 	1.17	%	 	(21.4	)%	
Return on average assets less net unrealized securities gains 1	 	(0.01	)	 	1.04	 	 	NM	 	 	0.81	 	 	1.17	 	 	(30.8	)	
Return on average common shareholders’ equity	 	0.07	 	 	11.20	 	 	(99.4	)	 	9.27	 	 	12.13	 	 	(23.6	)	
Return on average realized common shareholders’ equity 1	 	(0.33	)	 	11.17	 	 	NM	 	 	8.65	 	 	12.72	 	 	(32.0	)	
Net interest margin 2	 	3.13	 	 	2.94	 	 	6.5	 	 	3.11	 	 	3.00	 	 	3.7	 	
Efficiency ratio 2	 	82.19	 	 	59.67	 	 	37.7	 	 	63.43	 	 	59.39	 	 	6.8	 	
Tangible efficiency ratio 1	 	80.86	 	 	58.49	 	 	38.2	 	 	62.26	 	 	58.13	 	 	7.1	 	
Effective tax rate	 	(116.22	)	 	27.07	 	 	NM	 	 	27.36	 	 	29.10	 	 	(6.0	)	
Tier 1 capital ratio	 	7.00 	3	 	7.72	 	 	(9.3	)	 			 			 			
Total capital ratio	 	10.30 	3	 	11.11	 	 	(7.3	)	 			 			 			
Tier 1 leverage ratio	 	6.94 	3	 	7.23	 	 	(4.0	)	 			 			 			
Total average shareholders’ equity to total average assets	 	10.30	 	 	9.96	 	 	3.4	 	 	10.02	 	 	9.73	 	 	2.9	 	
Tangible equity to tangible assets 1	 	6.28	 	 	6.03	 	 	4.1	 	 			 			 			
							
Full-time equivalent employees	 	32,323	 	 	33,599	 	 	(3.8	)	 			 			 			
Number of ATMs	 	2,507	 	 	2,569	 	 	(2.4	)	 			 			 			
Full service banking offices	 	1,682	 	 	1,701	 	 	(1.1	)	 			 			 			
Traditional	 	1,343	 	 	1,349	 	 	(0.4	)	 			 			 			
In-store	 	339	 	 	352	 	 	(3.7	)	 			 			 			
							
Book value per common share	 	$50.38	 	 	$48.78	 	 	3.3	 	 			 			 			
Market price:	 			 			 			 			 			 			
High	 	78.76	 	 	85.64	 	 	(8.0	)	 	94.18	 	 	85.64	 	 	10.0	 	
Low	 	60.02	 	 	76.76	 	 	(21.8	)	 	60.02	 	 	69.68	 	 	(13.9	)	
Close	 	62.49	 	 	84.45	 	 	(26.0	)	 	62.49	 	 	84.45	 	 	(26.0	)	
Market capitalization	 	21,772	 	 	29,972	 	 	(27.4	)	 			 			 			
							
Average common shares outstanding (000s)	 			 			 			 			 			 			
Diluted	 	348,072	 	 	358,292	 	 	(2.9	)	 	352,688	 	 	362,802	 	 	(2.8	)	
Basic	 	345,917	 	 	354,677	 	 	(2.5	)	 	349,346	 	 	359,413	 	 	(2.8	)	

1	See Appendix A and Appendix B for reconcilements of non-GAAP performance measures.	

2	Total revenue, net interest margin, and efficiency ratios are presented on a fully taxable-equivalent (“FTE”) basis. The FTE basis adjusts for the tax-favored status of net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources. Total revenue-FTE equals net interest income on a FTE basis plus noninterest income.	

3	Current period tier 1 capital, total capital and tier 1 leverage ratios are estimated as of the earnings release date.	

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

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

 
																
   	  	Three Months Ended	 	
 	  	December 31
2007	 	 	September 30
2007	 	 	June 30
2007	 	 	March 31
2007	 	 	December 31
2006	 	
EARNINGS & DIVIDENDS	  			 			 			 			 			
Net income	  	$11.1	 	 	$420.2	 	 	$681.4	 	 	$521.2	 	 	$506.3	 	
Net income available to common shareholders	  	3.3	 	 	412.6	 	 	673.9	 	 	513.9	 	 	498.6	 	
Total revenue - FTE 2	  	1,770.8	 	 	2,038.3	 	 	2,374.6	 	 	2,067.2	 	 	2,067.7	 	
Net income per average common share	  			 			 			 			 			
Diluted	  	0.01	 	 	1.18	 	 	1.89	 	 	1.44	 	 	1.39	 	
Basic	  	0.01	 	 	1.19	 	 	1.91	 	 	1.45	 	 	1.41	 	
Dividends paid per average common share	  	0.73	 	 	0.73	 	 	0.73	 	 	0.73	 	 	0.61	 	
						
CONDENSED BALANCE SHEETS	  			 			 			 			 			
Selected Average Balances	  			 			 			 			 			
Total assets	  	$175,130	 	 	$174,653	 	 	$179,996	 	 	$181,506	 	 	$182,343	 	
Earning assets	  	151,541	 	 	152,328	 	 	157,594	 	 	159,474	 	 	160,115	 	
Loans	  	121,094	 	 	119,559	 	 	118,165	 	 	121,515	 	 	121,364	 	
Consumer and commercial deposits	  	99,649	 	 	96,708	 	 	97,927	 	 	97,792	 	 	98,553	 	
Brokered and foreign deposits	  	15,717	 	 	21,140	 	 	23,983	 	 	26,714	 	 	26,124	 	
Total shareholders’ equity	  	18,033	 	 	17,550	 	 	17,928	 	 	17,720	 	 	18,155	 	
						
As of	  			 			 			 			 			
Total assets	  	179,574	 	 	175,857	 	 	180,314	 	 	186,385	 	 	182,162	 	
Earning assets	  	154,397	 	 	151,229	 	 	157,095	 	 	163,299	 	 	159,064	 	
Loans	  	122,319	 	 	120,748	 	 	118,788	 	 	116,913	 	 	121,454	 	
Allowance for loan and lease losses	  	1,283	 	 	1,094	 	 	1,050	 	 	1,034	 	 	1,045	 	
Consumer and commercial deposits	  	101,870	 	 	98,834	 	 	97,822	 	 	99,875	 	 	99,776	 	
Brokered and foreign deposits	  	15,973	 	 	17,026	 	 	25,069	 	 	23,563	 	 	24,246	 	
Total shareholders’ equity	  	18,053	 	 	17,907	 	 	17,369	 	 	17,969	 	 	17,814	 	
						
FINANCIAL RATIOS & OTHER DATA	  			 			 			 			 			
Return on average total assets	  	0.03	%	 	0.95	%	 	1.52	%	 	1.16	%	 	1.10	%	
Return on average assets less net unrealized securities gains 1	  	(0.01	)	 	0.93	 	 	1.18	 	 	1.15	 	 	1.04	 	
Return on average common shareholders’ equity	  	0.07	 	 	9.60	 	 	15.51	 	 	12.10	 	 	11.20	 	
Return on average realized common shareholders’ equity 1	  	(0.33	)	 	9.86	 	 	12.71	 	 	12.54	 	 	11.17	 	
Net interest margin 2	  	3.13	 	 	3.18	 	 	3.10	 	 	3.02	 	 	2.94	 	
Efficiency ratio 2	  	82.19	 	 	63.35	 	 	52.69	 	 	59.79	 	 	59.67	 	
Tangible efficiency ratio 1	  	80.86	 	 	62.13	 	 	51.64	 	 	58.65	 	 	58.49	 	
Effective tax rate	  	(116.22	)	 	26.68	 	 	31.45	 	 	30.59	 	 	27.07	 	
Tier 1 capital ratio	  	7.00 	3	 	7.44	 	 	7.49	 	 	7.60	 	 	7.72	 	
Total capital ratio	  	10.30 	3	 	10.72	 	 	10.67	 	 	10.94	 	 	11.11	 	
Tier 1 leverage ratio	  	6.94 	3	 	7.28	 	 	7.11	 	 	7.24	 	 	7.23	 	
Total average shareholders’ equity to total average assets	  	10.30	 	 	10.05	 	 	9.96	 	 	9.76	 	 	9.96	 	
Tangible equity to tangible assets 1	  	6.28	 	 	6.32	 	 	5.85	 	 	5.97	 	 	6.03	 	
						
Full-time equivalent employees	  	32,323	 	 	32,903	 	 	33,241	 	 	33,397	 	 	33,599	 	
Number of ATMs	  	2,507	 	 	2,518	 	 	2,533	 	 	2,543	 	 	2,569	 	
Full service banking offices	  	1,682	 	 	1,683	 	 	1,685	 	 	1,691	 	 	1,701	 	
Traditional	  	1,343	 	 	1,339	 	 	1,338	 	 	1,338	 	 	1,349	 	
In-store	  	339	 	 	344	 	 	347	 	 	353	 	 	352	 	
						
Book value per common share	  	$50.38	 	 	$50.01	 	 	$48.33	 	 	$49.00	 	 	$48.78	 	
Market price:	  			 			 			 			 			
High	  	78.76	 	 	90.47	 	 	94.18	 	 	87.43	 	 	85.64	 	
Low	  	60.02	 	 	73.61	 	 	78.16	 	 	80.76	 	 	76.76	 	
Close	  	62.49	 	 	75.67	 	 	85.74	 	 	83.04	 	 	84.45	 	
Market capitalization	  	21,772	 	 	26,339	 	 	29,928	 	 	29,604	 	 	29,972	 	
						
Average common shares outstanding (000s)	  			 			 			 			 			
Diluted	  	348,072	 	 	349,592	 	 	356,008	 	 	357,214	 	 	358,292	 	
Basic	  	345,917	 	 	346,150	 	 	351,987	 	 	353,448	 	 	354,677	 	

1	See Appendix A and Appendix B for reconcilements of non-GAAP performance measures.	

2	Total revenue, net interest margin, and efficiency ratios are presented on a fully taxable-equivalent (“FTE”) basis. The FTE basis adjusts for the tax-favored status of net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources. Total revenue-FTE equals net interest income on a FTE basis plus noninterest income.	

3	Current period tier 1 capital, total capital and tier 1 leverage ratios are estimated as of the earnings release date.	
 
Page 2

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

 
																								
 	  	Three Months Ended	 	 	Twelve Months Ended	 	
 	  	December 31	  	Increase/(Decrease)  2	 	 	December 31	 	 	Increase/(Decrease)  2	 	
 	  	2007	 	 	2006	  	Amount	 	 	%	 	 	2007	 	 	2006	 	 	Amount	 	 	%	 	
Interest income	  	$2,448,701	 	 	$2,564,731	  	($116,030	)	 	(4.5	)%	 	$10,035,920	 	 	$9,792,020	 	 	$243,900	 	 	2.5	%	
Interest expense	  	1,281,188	 	 	1,403,442	  	(122,254	)	 	(8.7	)	 	5,316,376	 	 	5,131,555	 	 	184,821	 	 	3.6	 	
	  	 	 	 	 	  			 			 	 	 	 	 	 	 			 			
NET INTEREST INCOME	  	1,167,513	 	 	1,161,289	  	6,224	 	 	0.5	 	 	4,719,544	 	 	4,660,465	 	 	59,079	 	 	1.3	 	
Provision for loan losses	  	356,781	 	 	115,806	  	240,975	 	 	NM	 	 	664,922	 	 	262,536	 	 	402,386	 	 	NM	 	
	  	 	 	 	 	  			 			 	 	 	 	 	 	 			 			
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	  	810,732	 	 	1,045,483	  	(234,751	)	 	(22.5	)	 	4,054,622	 	 	4,397,929	 	 	(343,307	)	 	(7.8	)	

NONINTEREST INCOME	  			 		  			 			 			 			 			 			
Service charges on deposit accounts	  	222,213	 	 	191,628	  	30,585	 	 	16.0	 	 	822,031	 	 	763,720	 	 	58,311	 	 	7.6	 	
Trust and investment management income	  	170,854	 	 	169,248	  	1,606	 	 	0.9	 	 	685,034	 	 	686,865	 	 	(1,831	)	 	(0.3	)	
Retail investment services	  	71,650	 	 	65,000	  	6,650	 	 	10.2	 	 	278,042	 	 	233,974	 	 	44,068	 	 	18.8	 	
Other charges and fees	  	121,849	 	 	122,386	  	(537	)	 	(0.4	)	 	479,074	 	 	462,063	 	 	17,011	 	 	3.7	 	
Investment banking income	  	55,041	 	 	71,211	  	(16,170	)	 	(22.7	)	 	214,885	 	 	230,553	 	 	(15,668	)	 	(6.8	)	
Trading account profits/(losses) and commissions	  	(437,162	)	 	9,586	  	(446,748	)	 	NM	 	 	(361,711	)	 	113,047	 	 	(474,758	)	 	NM	 	
Card fees	  	77,481	 	 	64,187	  	13,294	 	 	20.7	 	 	280,706	 	 	247,647	 	 	33,059	 	 	13.3	 	
Mortgage production related income	  	22,366	 	 	47,476	  	(25,110	)	 	(52.9	)	 	90,983	 	 	217,428	 	 	(126,445	)	 	(58.2	)	
Mortgage servicing related income	  	57,364	 	 	8,994	  	48,370	 	 	NM	 	 	195,436	 	 	121,738	 	 	73,698	 	 	60.5	 	
Net gain on sale of Bond Trustee business	  	-	 	 	-	  	-	 	 	-	 	 	-	 	 	112,759	 	 	(112,759	)	 	(100.0	)	
Gain on sale upon merger of Lighthouse Partners	  	-	 	 	-	  	-	 	 	-	 	 	32,340	 	 	-	 	 	32,340	 	 	NM	 	
Net gain on sale/leaseback of premises	  	118,840	 	 	-	  	118,840	 	 	NM	 	 	118,840	 	 	-	 	 	118,840	 	 	NM	 	
Other noninterest income	  	89,827	 	 	97,473	  	(7,646	)	 	(7.8	)	 	349,907	 	 	329,055	 	 	20,852	 	 	6.3	 	
Securities gains/(losses), net	  	5,694	 	 	35,377	  	(29,683	)	 	(83.9	)	 	243,117	 	 	(50,477	)	 	293,594	 	 	NM	 	
	  	 	 	 	 	  			 			 	 	 	 	 	 	 			 			
Total noninterest income	  	576,017	 	 	882,566	  	(306,549	)	 	(34.7	)	 	3,428,684	 	 	3,468,372	 	 	(39,688	)	 	(1.1	)	

NONINTEREST EXPENSE	  			 		  			 			 			 			 			 			
Employee compensation and benefits	  	682,810	 	 	657,093	  	25,717	 	 	3.9	 	 	2,770,188	 	 	2,725,453	 	 	44,735	 	 	1.6	 	
Net occupancy expense	  	92,705	 	 	85,846	  	6,859	 	 	8.0	 	 	351,238	 	 	334,213	 	 	17,025	 	 	5.1	 	
Outside processing and software	  	105,407	 	 	101,538	  	3,869	 	 	3.8	 	 	410,945	 	 	393,576	 	 	17,369	 	 	4.4	 	
Equipment expense	  	51,734	 	 	49,234	  	2,500	 	 	5.1	 	 	206,498	 	 	197,038	 	 	9,460	 	 	4.8	 	
Marketing and customer development	  	59,115	 	 	45,249	  	13,866	 	 	30.6	 	 	195,043	 	 	173,205	 	 	21,838	 	 	12.6	 	
Amortization of intangible assets	  	23,414	 	 	24,304	  	(890	)	 	(3.7	)	 	96,680	 	 	103,226	 	 	(6,546	)	 	(6.3	)	
Loss on extinguishment of debt	  	-	 	 	11,665	  	(11,665	)	 	(100.0	)	 	9,800	 	 	11,665	 	 	(1,865	)	 	(16.0	)	
Visa litigation	  	76,930	 	 	-	  	76,930	 	 	NM	 	 	76,930	 	 	-	 	 	76,930	 	 	NM	 	
Other noninterest expense	  	363,226	 	 	258,848	  	104,378	 	 	40.3	 	 	1,116,455	 	 	941,484	 	 	174,971	 	 	18.6	 	
	  	 	 	 	 	  			 			 	 	 	 	 	 	 			 			
Total noninterest expense	  	1,455,341	 	 	1,233,777	  	221,564	 	 	18.0	 	 	5,233,777	 	 	4,879,860	 	 	353,917	 	 	7.3	 	

INCOME/(LOSS) BEFORE PROVISION/(BENEFIT) FOR INCOME TAXES	  	(68,592	)	 	694,272	  	(762,864	)	 	NM	 	 	2,249,529	 	 	2,986,441	 	 	(736,912	)	 	(24.7	)	
Provision/(benefit) for income taxes	  	(79,716	)	 	187,918	  	(267,634	)	 	NM	 	 	615,514	 	 	868,970	 	 	(253,456	)	 	(29.2	)	
	  	 	 	 	 	  			 			 	 	 	 	 	 	 			 			
Net income	  	11,124	 	 	506,354	  	(495,230	)	 	(97.8	)	 	1,634,015	 	 	2,117,471	 	 	(483,456	)	 	(22.8	)	
Preferred dividends	  	7,867	 	 	7,729	  	138	 	 	1.8	 	 	30,275	 	 	7,729	 	 	22,546	 	 	NM	 	
	  	 	 	 	 	  			 			 	 	 	 	 	 	 			 			
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS	  	$3,257	 	 	$498,625	  	($495,368	)	 	(99.3	)	 	$1,603,740	 	 	$2,109,742	 	 	($506,002	)	 	(24.0	)	

Net interest income - FTE 1	  	$1,194,757	 	 	$1,185,166	  	$9,591	 	 	0.8	 	 	$4,822,224	 	 	$4,748,431	 	 	$73,793	 	 	1.6	 	
									
Net income per average common share	  			 		  			 			 			 			 			 			
Diluted	  	0.01	 	 	1.39	  	(1.38	)	 	(99.3	)	 	4.55	 	 	5.82	 	 	(1.27	)	 	(21.8	)	
Basic	  	0.01	 	 	1.41	  	(1.40	)	 	(99.3	)	 	4.59	 	 	5.87	 	 	(1.28	)	 	(21.8	)	
									
Cash dividends paid per common share	  	0.73	 	 	0.61	  	0.12	 	 	19.7	 	 	2.92	 	 	2.44	 	 	0.48	 	 	19.7	 	
Average common shares outstanding (000s)	  			 		  			 			 			 			 			 			
Diluted	  	348,072	 	 	358,292	  	(10,220	)	 	(2.9	)	 	352,688	 	 	362,802	 	 	(10,114	)	 	(2.8	)	
Basic	  	345,917	 	 	354,677	  	(8,760	)	 	(2.5	)	 	349,346	 	 	359,413	 	 	(10,067	)	 	(2.8	)	

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 3

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

 
														
 	 	Three Months Ended	
 	 	December 31
2007	 	 	September 30
2007	 	 	June 30
2007	 	March 31
2007	 	 	December 31
2006	
Interest income	 	$2,448,701	 	 	$2,515,292	 	 	$2,543,870	 	$2,528,057	 	 	$2,564,731	
Interest expense	 	1,281,188	 	 	1,323,104	 	 	1,348,586	 	1,363,498	 	 	1,403,442	
	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET INTEREST INCOME	 	1,167,513	 	 	1,192,188	 	 	1,195,284	 	1,164,559	 	 	1,161,289	
Provision for loan losses	 	356,781	 	 	147,020	 	 	104,680	 	56,441	 	 	115,806	
	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	 	810,732	 	 	1,045,168	 	 	1,090,604	 	1,108,118	 	 	1,045,483	

NONINTEREST INCOME	 			 			 		 			 		
Service charges on deposit accounts	 	222,213	 	 	213,939	 	 	196,844	 	189,035	 	 	191,628	
Trust and investment management income	 	170,854	 	 	175,242	 	 	164,620	 	174,318	 	 	169,248	
Retail investment services	 	71,650	 	 	71,064	 	 	71,785	 	63,543	 	 	65,000	
Other charges and fees	 	121,849	 	 	120,730	 	 	118,358	 	118,137	 	 	122,386	
Investment banking income	 	55,041	 	 	47,688	 	 	61,999	 	50,157	 	 	71,211	
Trading account profits/(losses) and commissions	 	(437,162	)	 	(31,187	)	 	16,437	 	90,201	 	 	9,586	
Card fees	 	77,481	 	 	70,450	 	 	68,580	 	64,195	 	 	64,187	
Mortgage production related income	 	22,366	 	 	12,950	 	 	64,322	 	(8,655	)	 	47,476	
Mortgage servicing related income	 	57,364	 	 	57,142	 	 	45,527	 	35,403	 	 	8,994	
Gain on sale upon merger of Lighthouse Partners	 	-	 	 	-	 	 	-	 	32,340	 	 	-	
Net gain on sale/leaseback of premises	 	118,840	 	 	-	 	 	-	 	-	 	 	-	
Other noninterest income	 	89,827	 	 	80,130	 	 	109,738	 	70,212	 	 	97,473	
Securities gains/(losses), net	 	5,694	 	 	991	 	 	236,412	 	20	 	 	35,377	
	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total noninterest income	 	576,017	 	 	819,139	 	 	1,154,622	 	878,906	 	 	882,566	
	 	 	 	 	 	 	 	 	 	 	 	 	 	
NONINTEREST EXPENSE	 			 			 		 			 		
Employee compensation and benefits	 	682,810	 	 	677,765	 	 	710,613	 	699,000	 	 	657,093	
Net occupancy expense	 	92,705	 	 	87,626	 	 	84,650	 	86,257	 	 	85,846	
Outside processing and software	 	105,407	 	 	105,132	 	 	100,730	 	99,676	 	 	101,538	
Equipment expense	 	51,734	 	 	51,532	 	 	53,823	 	49,409	 	 	49,234	
Marketing and customer development	 	59,115	 	 	46,897	 	 	43,326	 	45,705	 	 	45,249	
Amortization of intangible assets	 	23,414	 	 	24,820	 	 	24,904	 	23,542	 	 	24,304	
Loss on extinguishment of debt	 	-	 	 	9,800	 	 	-	 	-	 	 	11,665	
Visa litigation	 	76,930	 	 	-	 	 	-	 	-	 	 	-	
Other noninterest expense	 	363,226	 	 	287,673	 	 	233,148	 	232,408	 	 	258,848	
	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total noninterest expense	 	1,455,341	 	 	1,291,245	 	 	1,251,194	 	1,235,997	 	 	1,233,777	
	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME/(LOSS) BEFORE PROVISION/(BENEFIT) FOR INCOME TAXES	 	(68,592	)	 	573,062	 	 	994,032	 	751,027	 	 	694,272	
Provision/(benefit) for income taxes	 	(79,716)	 	 	152,898	 	 	312,601	 	229,731	 	 	187,918	
Net income	 	11,124	 	 	420,164	 	 	681,431	 	521,296	 	 	506,354	
Preferred dividends	 	7,867	 	 	7,526	 	 	7,519	 	7,363	 	 	7,729	
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS	 	$3,257	 	 	$412,638	 	 	$673,912	 	$513,933	 	 	$498,625	
	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net interest income - FTE 1	 	$1,194,757	 	 	$1,219,243	 	 	$1,219,952	 	$1,188,272	 	 	$1,185,166	
Net income per average common share	 			 			 		 			 		
Diluted	 	0.01	 	 	1.18	 	 	1.89	 	1.44	 	 	1.39	
Basic	 	0.01	 	 	1.19	 	 	1.91	 	1.45	 	 	1.41	
Cash dividends paid per common share	 	0.73	 	 	0.73	 	 	0.73	 	0.73	 	 	0.61	
Average common shares outstanding (000s)	 			 			 		 			 		
Diluted	 	348,072	 	 	349,592	 	 	356,008	 	357,214	 	 	358,292	
Basic	 	345,917	 	 	346,150	 	 	351,987	 	353,448	 	 	354,677	

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 4

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

 
													
 	  	As of December 31	 	 	Increase/(Decrease)
3	 	
 	  	2007	 	 	2006	 	 	Amount	 	 	%	 	
ASSETS	  			 			 			 			
Cash and due from banks	  	$4,270,917	 	 	$4,235,889	 	 	$35,028	 	 	0.8 	%	
Interest-bearing deposits in other banks	  	24,355	 	 	21,810	 	 	2,545	 	 	11.7	 	
Funds sold and securities purchased under agreements to resell	  	1,347,329	 	 	1,050,046	 	 	297,283	 	 	28.3	 	
Trading assets	  	10,518,379	 	 	2,777,629	 	 	7,740,750	 	 	NM	 	
Securities available for sale 1	  	16,264,107	 	 	25,101,715	 	 	(8,837,608	)	 	(35.2	)	
Loans held for sale (loans at fair value: $6,325,160 as of December 31, 2007)	  	8,851,695	 	 	11,790,122	 	 	(2,938,427	)	 	(24.9	)	
Loans:	  			 			 			 			
Commercial	  	35,929,400	 	 	34,613,882	 	 	1,315,518	 	 	3.8	 	
Real estate:	  			 			 			 			
Home equity lines	  	14,911,598	 	 	14,102,655	 	 	808,943	 	 	5.7	 	
Construction	  	13,776,651	 	 	13,892,988	 	 	(116,337	)	 	(0.8	)	
Residential mortgages (loans at fair value: $220,784 as of December 31, 2007)	  	32,779,744	 	 	33,830,101	 	 	(1,050,357	)	 	(3.1	)	
Commercial real estate	  	12,609,543	 	 	12,567,824	 	 	41,719	 	 	0.3	 	
Consumer:	  			 			 			 			
Direct	  	3,963,869	 	 	4,160,091	 	 	(196,222	)	 	(4.7	)	
Indirect	  	7,494,130	 	 	7,936,102	 	 	(441,972	)	 	(5.6	)	
Credit card	  	854,059	 	 	350,690	 	 	503,369	 	 	NM	 	
	  	 	 	 	 	 	 			 			
Total loans	  	122,318,994	 	 	121,454,333	 	 	864,661	 	 	0.7	 	
Allowance for loan and lease losses	  	(1,282,504	)	 	(1,044,521	)	 	237,983	 	 	22.8	 	
	  	 	 	 	 	 	 			 			
Net loans	  	121,036,490	 	 	120,409,812	 	 	626,678	 	 	0.5	 	
Goodwill	  	6,921,493	 	 	6,889,860	 	 	31,633	 	 	0.5	 	
Other intangible assets	  	1,362,995	 	 	1,181,984	 	 	181,011	 	 	15.3	 	
Other real estate owned	  	183,753	 	 	55,460	 	 	128,293	 	 	NM	 	
Other assets	  	8,792,420	 	 	8,647,282	 	 	145,138	 	 	1.7	 	
	  	 	 	 	 	 	 			 			
Total assets 2	  	$179,573,933	 	 	$182,161,609	 	 	($2,587,676	)	 	(1.4	)	
	  	 	 	 	 	 	 			 			
LIABILITIES	  			 			 			 			
Noninterest-bearing consumer and commercial deposits	  	$21,083,234	 	 	$22,887,176	 	 	($1,803,942	)	 	(7.9	) %	
Interest-bearing consumer and commercial deposits:	  			 			 			 			
NOW accounts	  	22,558,374	 	 	20,230,763	 	 	2,327,611	 	 	11.5	 	
Money market accounts	  	24,522,640	 	 	22,371,828	 	 	2,150,812	 	 	9.6	 	
Savings	  	3,917,099	 	 	5,198,980	 	 	(1,281,881	)	 	(24.7	)	
Consumer time	  	17,264,208	 	 	16,824,239	 	 	439,969	 	 	2.6	 	
Other time	  	12,524,470	 	 	12,262,902	 	 	261,568	 	 	2.1	 	
	  	 	 	 	 	 	 			 			
Total consumer and commercial deposits	  	101,870,025	 	 	99,775,888	 	 	2,094,137	 	 	2.1	 	
Brokered deposits (CDs at fair value: $234,345 as of
December 31, 2007; $97,370 as of December 31, 2006)	  	11,715,024	 	 	18,150,059	 	 	(6,435,035	)	 	(35.5	)	
Foreign deposits	  	4,257,601	 	 	6,095,682	 	 	(1,838,081	)	 	(30.2	)	
	  	 	 	 	 	 	 			 			
Total deposits	  	117,842,650	 	 	124,021,629	 	 	(6,178,979	)	 	(5.0	)	
Funds purchased	  	3,431,185	 	 	4,867,591	 	 	(1,436,406	)	 	(29.5	)	
Securities sold under agreements to repurchase	  	5,748,277	 	 	6,950,426	 	 	(1,202,149	)	 	(17.3	)	
Other short-term borrowings	  	3,021,358	 	 	2,062,636	 	 	958,722	 	 	46.5	 	
Long-term debt (notes at fair value: $7,446,980 as of December 31, 2007)	  	22,956,508	 	 	18,992,905	 	 	3,963,603	 	 	20.9	 	
Trading liabilities	  	2,160,385	 	 	1,634,097	 	 	526,288	 	 	32.2	 	
Other liabilities	  	6,361,052	 	 	5,818,719	 	 	542,333	 	 	9.3	 	
	  	 	 	 	 	 	 			 			
Total liabilities	  	161,521,415	 	 	164,348,003	 	 	(2,826,588	)	 	(1.7	)	

SHAREHOLDERS’ EQUITY	  			 			 			 			
Preferred stock, no par value	  	500,000	 	 	500,000	 	 	-	 	 	-	 	
Common stock, $1.00 par value	  	370,578	 	 	370,578	 	 	-	 	 	-	 	
Additional paid in capital	  	6,707,293	 	 	6,627,196	 	 	80,097	 	 	1.2	 	
Retained earnings	  	10,646,640	 	 	10,541,152	 	 	105,488	 	 	1.0	 	
Treasury stock, at cost, and other	  	(1,779,142	)	 	(1,151,269	)	 	627,873	 	 	54.5	 	
Accumulated other comprehensive income	  	1,607,149	 	 	925,949	 	 	681,200	 	 	73.6	 	
	  	 	 	 	 	 	 			 			
Total shareholders’ equity	  	18,052,518	 	 	17,813,606	 	 	238,912	 	 	1.3	 	

Total liabilities and shareholders’ equity	  	$179,573,933	 	 	$182,161,609	 	 	($2,587,676	)	 	(1.4	)	

Common shares outstanding	  	348,411,163	 	 	354,902,566	 	 	(6,491,403	)	 	(1.8	)	
Common shares authorized	  	750,000,000	 	 	750,000,000	 	 	-	 	 	-	 	
Preferred shares outstanding	  	5,000	 	 	5,000	 	 	-	 	 	-	 	
Preferred shares authorized	  	50,000,000	 	 	50,000,000	 	 	-	 	 	-	 	
Treasury shares of common stock	  	22,167,235	 	 	15,675,832	 	 	6,491,403	 	 	41.4	 	

1    Includes net unrealized gains of	  	$2,724,643	 	 	$2,103,362	 	 	$621,281	 	 	29.5	%	
2    Includes earning assets of	  	154,397,231	 	 	159,063,834	 	 	(4,666,603	)	 	(2.9	)	
3	“NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.	
 
Page 5

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

 
																
 	  	As of	 	
 	  	December 31
2007	 	 	September 30
2007	 	 	June 30
2007	 	 	March 31
2007	 	 	December 31
2006	 	
ASSETS	  			 			 			 			 			
Cash and due from banks	  	$4,270,917	 	 	$4,162,456	 	 	$4,254,430	 	 	$3,867,957	 	 	$4,235,889	 	
Interest-bearing deposits in other banks	  	24,355	 	 	29,684	 	 	25,991	 	 	21,974	 	 	21,810	 	
Funds sold and securities purchased under agreements to resell	  	1,347,329	 	 	968,553	 	 	1,143,995	 	 	883,833	 	 	1,050,046	 	
Trading assets	  	10,518,379	 	 	9,566,806	 	 	13,044,972	 	 	21,545,502	 	 	2,777,629	 	
Securities available for sale 1	  	16,264,107	 	 	15,243,133	 	 	14,725,957	 	 	13,163,036	 	 	25,101,715	 	
Loans held for sale	  	8,851,695	 	 	8,675,427	 	 	12,474,932	 	 	14,067,788	 	 	11,790,122	 	
Loans:	  			 			 			 			 			
Commercial	  	35,929,400	 	 	34,969,714	 	 	34,362,837	 	 	33,484,170	 	 	34,613,882	 	
Real estate:	  			 			 			 			 			
Home equity lines	  	14,911,598	 	 	14,598,774	 	 	14,303,659	 	 	14,039,685	 	 	14,102,655	 	
Construction	  	13,776,651	 	 	14,358,990	 	 	14,417,949	 	 	14,175,478	 	 	13,892,988	 	
Residential mortgages	  	32,779,744	 	 	31,603,884	 	 	30,759,216	 	 	30,248,543	 	 	33,830,101	 	
Commercial real estate	  	12,609,543	 	 	12,487,309	 	 	12,416,329	 	 	12,454,475	 	 	12,567,824	 	
Consumer:	  			 			 			 			 			
Direct	  	3,963,869	 	 	4,419,290	 	 	4,391,739	 	 	4,293,308	 	 	4,160,091	 	
Indirect	  	7,494,130	 	 	7,642,099	 	 	7,739,369	 	 	7,840,962	 	 	7,936,102	 	
Credit card	  	854,059	 	 	668,353	 	 	396,624	 	 	375,938	 	 	350,690	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total loans	  	122,318,994	 	 	120,748,413	 	 	118,787,722	 	 	116,912,559	 	 	121,454,333	 	
Allowance for loan and lease losses	  	(1,282,504	)	 	(1,093,691	)	 	(1,050,362	)	 	(1,033,939	)	 	(1,044,521	)	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net loans	  	121,036,490	 	 	119,654,722	 	 	117,737,360	 	 	115,878,620	 	 	120,409,812	 	
Goodwill	  	6,921,493	 	 	6,912,110	 	 	6,897,050	 	 	6,896,723	 	 	6,889,860	 	
Other intangible assets	  	1,362,995	 	 	1,327,060	 	 	1,290,460	 	 	1,293,457	 	 	1,181,984	 	
Other real estate owned	  	183,753	 	 	156,106	 	 	100,973	 	 	74,645	 	 	55,460	 	
Other assets	  	8,792,420	 	 	9,161,172	 	 	8,618,252	 	 	8,691,306	 	 	8,647,282	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total assets 2	  	$179,573,933	 	 	$175,857,229	 	 	$180,314,372	 	 	$186,384,841	 	 	$182,161,609	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
LIABILITIES	  			 			 			 			 			
Noninterest-bearing consumer and commercial deposits	  	$21,083,234	 	 	$20,857,240	 	 	$22,725,654	 	 	$22,765,045	 	 	$22,887,176	 	
Interest-bearing consumer and commercial deposits:	  			 			 			 			 			
NOW accounts	  	22,558,374	 	 	20,319,435	 	 	20,255,930	 	 	20,802,207	 	 	20,230,763	 	
Money market accounts	  	24,522,640	 	 	24,011,524	 	 	21,645,616	 	 	22,070,587	 	 	22,371,828	 	
Savings	  	3,917,099	 	 	4,376,155	 	 	4,698,516	 	 	5,102,312	 	 	5,198,980	 	
Consumer time	  	17,264,208	 	 	17,037,866	 	 	16,745,010	 	 	17,044,783	 	 	16,824,239	 	
Other time	  	12,524,470	 	 	12,231,832	 	 	11,751,246	 	 	12,089,882	 	 	12,262,902	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total consumer and commercial deposits	  	101,870,025	 	 	98,834,052	 	 	97,821,972	 	 	99,874,816	 	 	99,775,888	 	
Brokered deposits	  	11,715,024	 	 	14,188,886	 	 	16,659,978	 	 	18,203,295	 	 	18,150,059	 	
Foreign deposits	  	4,257,601	 	 	2,836,775	 	 	8,408,752	 	 	5,360,164	 	 	6,095,682	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total deposits	  	117,842,650	 	 	115,859,713	 	 	122,890,702	 	 	123,438,275	 	 	124,021,629	 	
Funds purchased	  	3,431,185	 	 	1,512,054	 	 	3,405,459	 	 	6,433,195	 	 	4,867,591	 	
Securities sold under agreements to repurchase	  	5,748,277	 	 	5,548,486	 	 	6,081,096	 	 	6,851,863	 	 	6,950,426	 	
Other short-term borrowings	  	3,021,358	 	 	2,971,761	 	 	2,083,518	 	 	1,958,438	 	 	2,062,636	 	
Long-term debt	  	22,956,508	 	 	22,661,381	 	 	20,604,933	 	 	19,007,959	 	 	18,992,905	 	
Trading liabilities	  	2,160,385	 	 	1,906,002	 	 	2,156,279	 	 	1,642,958	 	 	1,634,097	 	
Other liabilities	  	6,361,052	 	 	7,490,585	 	 	5,723,532	 	 	9,083,615	 	 	5,818,719	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities	  	161,521,415	 	 	157,949,982	 	 	162,945,519	 	 	168,416,303	 	 	164,348,003	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
SHAREHOLDERS’ EQUITY	  			 			 			 			 			
Preferred stock, no par value	  	500,000	 	 	500,000	 	 	500,000	 	 	500,000	 	 	500,000	 	
Common stock, $1.00 par value	  	370,578	 	 	370,578	 	 	370,578	 	 	370,578	 	 	370,578	 	
Additional paid in capital	  	6,707,293	 	 	6,709,002	 	 	6,589,387	 	 	6,688,660	 	 	6,627,196	 	
Retained earnings	  	10,646,640	 	 	10,897,059	 	 	10,739,449	 	 	10,325,246	 	 	10,541,152	 	
Treasury stock, at cost, and other	  	(1,779,142	)	 	(1,821,360	)	 	(1,751,449	)	 	(1,101,172	)	 	(1,151,269	)	
Accumulated other comprehensive income	  	1,607,149	 	 	1,251,968	 	 	920,888	 	 	1,185,226	 	 	925,949	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total shareholders’ equity	  	18,052,518	 	 	17,907,247	 	 	17,368,853	 	 	17,968,538	 	 	17,813,606	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities and shareholders’ equity	  	$179,573,933	 	 	$175,857,229	 	 	$180,314,372	 	 	$186,384,841	 	 	$182,161,609	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Common shares outstanding	  	348,411,163	 	 	348,073,971	 	 	349,052,800	 	 	356,504,563	 	 	354,902,566	 	
Common shares authorized	  	750,000,000	 	 	750,000,000	 	 	750,000,000	 	 	750,000,000	 	 	750,000,000	 	
Preferred shares outstanding	  	5,000	 	 	5,000	 	 	5,000	 	 	5,000	 	 	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	  	22,167,235	 	 	22,504,427	 	 	21,525,598	 	 	14,073,835	 	 	15,675,832	 	

											
1    Includes net unrealized gains of	  	$2,724,643	  	$2,391,606	  	$2,035,623	  	$2,333,896	  	$2,103,362	
2    Includes earning assets of	  	154,397,231	  	151,228,575	  	157,094,873	  	163,299,162	  	159,063,834	
 
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	 	
 	  	December 31, 2007	 	 	September 30, 2007	 	
 	  	Average
Balances	 	 	Interest
Income/
Expense	  	Yields/
Rates	 	 	Average
Balances	 	 	Interest
Income/
Expense	  	Yields/
Rates	 	
ASSETS	  			 		  			 			 		  			
Loans:	  			 		  			 			 		  			
Real estate 1-4 family	  	$31,990.3	 	 	$517.4	  	6.47	%	 	$31,003.5	 	 	$498.5	  	6.43	%	
Real estate construction	  	13,250.9	 	 	238.8	  	7.15	 	 	13,686.6	 	 	260.0	  	7.54	 	
Real estate home equity lines	  	14,394.8	 	 	268.1	  	7.39	 	 	14,133.1	 	 	279.5	  	7.85	 	
Real estate commercial	  	12,891.6	 	 	221.2	  	6.81	 	 	12,759.3	 	 	225.3	  	7.01	 	
Commercial - FTE 1	  	34,879.3	 	 	564.9	  	6.43	 	 	34,247.9	 	 	562.6	  	6.52	 	
Credit card	  	690.1	 	 	2.1	  	1.23	 	 	516.3	 	 	4.2	  	3.29	 	
Consumer - direct	  	3,949.3	 	 	70.7	  	7.10	 	 	4,368.0	 	 	80.0	  	7.26	 	
Consumer - indirect	  	7,877.3	 	 	125.7	  	6.33	 	 	7,966.4	 	 	124.6	  	6.21	 	
Nonaccrual and restructured	  	1,170.7	 	 	4.3	  	1.45	 	 	877.5	 	 	3.8	  	1.72	 	
	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	
Total loans	  	121,094.3	 	 	2,013.2	  	6.60	 	 	119,558.6	 	 	2,038.5	  	6.76	 	
Securities available for sale:	  			 		  			 			 		  			
Taxable	  	11,814.6	 	 	182.9	  	6.19	 	 	11,546.2	 	 	179.7	  	6.23	 	
Tax-exempt - FTE 1	  	1,054.0	 	 	16.0	  	6.07	 	 	1,040.9	 	 	15.8	  	6.05	 	
	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	
Total securities available for sale - FTE 1	  	12,868.6	 	 	198.9	  	6.18	 	 	12,587.1	 	 	195.5	  	6.21	 	
Funds sold and securities purchased under agreements to resell	  	1,066.1	 	 	11.6	  	4.25	 	 	872.5	 	 	11.1	  	4.99	 	
Loans held for sale	  	8,777.6	 	 	139.2	  	6.34	 	 	9,748.0	 	 	155.6	  	6.39	 	
Interest-bearing deposits	  	18.2	 	 	0.3	  	6.22	 	 	24.9	 	 	0.3	  	4.28	 	
Interest earning trading assets	  	7,716.2	 	 	112.8	  	5.80	 	 	9,536.5	 	 	141.2	  	5.88	 	
	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	
Total earning assets	  	151,541.0	 	 	2,476.0	  	6.48	 	 	152,327.6	 	 	2,542.2	  	6.62	 	
Allowance for loan and lease losses	  	(1,114.9	)	 		  			 	(1,059.1	)	 		  			
Cash and due from banks	  	3,462.6	 	 		  			 	3,417.2	 	 		  			
Other assets	  	17,172.3	 	 		  			 	16,719.9	 	 		  			
Noninterest earning trading assets	  	1,660.9	 	 		  			 	1,155.9	 	 		  			
Unrealized gains on securities available for sale, net	  	2,408.6	 	 		  			 	2,091.9	 	 		  			
	  	 	 	 		  			 	 	 	 		  			
Total assets	  	$175,130.5	 	 		  			 	$174,653.4	 	 		  			

LIABILITIES AND SHAREHOLDERS’ EQUITY	  			 		  			 			 		  			
Interest-bearing deposits:	  			 		  			 			 		  			
NOW accounts	  	$20,737.2	 	 	$121.0	  	2.32	%	 	$19,543.4	 	 	$117.9	  	2.39	%	
Money market accounts	  	24,261.5	 	 	177.7	  	2.91	 	 	22,560.3	 	 	160.0	  	2.81	 	
Savings	  	4,177.7	 	 	11.1	  	1.05	 	 	4,456.5	 	 	13.3	  	1.19	 	
Consumer time	  	17,170.7	 	 	197.2	  	4.56	 	 	16,839.9	 	 	193.4	  	4.56	 	
Other time	  	12,353.3	 	 	151.5	  	4.87	 	 	11,862.4	 	 	146.3	  	4.89	 	
	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	
Total interest-bearing consumer and commercial deposits	  	78,700.4	 	 	658.5	  	3.32	 	 	75,262.5	 	 	630.9	  	3.33	 	
Brokered deposits	  	12,771.1	 	 	168.2	  	5.15	 	 	15,806.3	 	 	214.6	  	5.31	 	
Foreign deposits	  	2,945.9	 	 	32.6	  	4.33	 	 	5,333.6	 	 	68.8	  	5.05	 	
	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	
Total interest-bearing deposits	  	94,417.4	 	 	859.3	  	3.61	 	 	96,402.4	 	 	914.3	  	3.76	 	
Funds purchased	  	2,151.4	 	 	24.1	  	4.38	 	 	2,291.3	 	 	28.9	  	4.94	 	
Securities sold under agreements to repurchase	  	5,706.7	 	 	55.2	  	3.78	 	 	5,732.2	 	 	64.7	  	4.42	 	
Interest-bearing trading liabilities	  	504.2	 	 	3.5	  	2.75	 	 	354.1	 	 	3.4	  	3.85	 	
Other short-term borrowings	  	3,202.8	 	 	37.4	  	4.63	 	 	2,730.1	 	 	33.6	  	4.89	 	
Long-term debt	  	22,808.1	 	 	301.7	  	5.25	 	 	21,143.5	 	 	278.1	  	5.22	 	
	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	
Total interest-bearing liabilities	  	128,790.6	 	 	1,281.2	  	3.95	 	 	128,653.6	 	 	1,323.0	  	4.08	 	
Noninterest-bearing deposits	  	20,948.1	 	 		  			 	21,445.1	 	 		  			
Other liabilities	  	5,812.5	 	 		  			 	5,633.7	 	 		  			
Noninterest-bearing trading liabilities	  	1,546.5	 	 		  			 	1,370.8	 	 		  			
Shareholders’ equity	  	18,032.8	 	 		  			 	17,550.2	 	 		  			
	  	 	 	 		  			 	 	 	 		  			
Total liabilities and shareholders’ equity	  	$175,130.5	 	 		  			 	$174,653.4	 	 		  			

Interest Rate Spread	  			 		  	2.53	%	 			 		  	2.54	%	
	  			 	 	  	 	 	 			 	 	  	 	 	
Net Interest Income - FTE 1	  			 	$1,194.8	  			 			 	$1,219.2	  			

Net Interest Margin 2	  			 		  	3.13	%	 			 		  	3.18	%	

1	The fully taxable-equivalent (“FTE”) basis adjusts for the tax-favored status of net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources.	

2	The net interest margin is calculated by dividing annualized net interest income - FTE by average total earning assets.	
 
Page 7

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

 
																									
 	 	Three Months Ended	 	
 	 	June 30, 2007	 	 	March 31, 2007	 	 	December 31, 2006	 	
 	 	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	 	$30,754.4	 	 	$493.2	 	6.42	%	 	$34,089.1	 	 	$527.3	 	6.19	%	 	$34,345.4	 	 	$531.8	 	6.19	%	
Real estate construction	 	13,710.1	 	 	259.4	 	7.59	 	 	13,430.3	 	 	252.7	 	7.63	 	 	13,204.0	 	 	254.3	 	7.64	 	
Real estate home equity lines	 	13,849.7	 	 	272.4	 	7.89	 	 	13,738.1	 	 	268.3	 	7.92	 	 	13,722.9	 	 	273.4	 	7.90	 	
Real estate commercial	 	12,731.8	 	 	220.8	 	6.95	 	 	12,830.6	 	 	220.2	 	6.96	 	 	12,784.8	 	 	223.1	 	6.93	 	
Commercial-FTE 1	 	33,607.7	 	 	539.6	 	6.44	 	 	34,032.8	 	 	535.6	 	6.38	 	 	33,965.1	 	 	545.8	 	6.37	 	
Credit card	 	403.7	 	 	5.9	 	5.80	 	 	369.5	 	 	5.5	 	5.94	 	 	351.4	 	 	5.3	 	5.99	 	
Consumer-direct	 	4,347.5	 	 	78.2	 	7.21	 	 	4,220.5	 	 	76.0	 	7.30	 	 	4,116.3	 	 	76.8	 	7.40	 	
Consumer-indirect	 	8,063.6	 	 	123.1	 	6.12	 	 	8,166.5	 	 	122.0	 	6.06	 	 	8,231.8	 	 	123.8	 	5.97	 	
Nonaccrual and restructured	 	696.1	 	 	4.8	 	2.76	 	 	637.5	 	 	4.5	 	2.85	 	 	642.1	 	 	5.0	 	3.06	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total loans	 	118,164.6	 	 	1,997.4	 	6.78	 	 	121,514.9	 	 	2,012.1	 	6.72	 	 	121,363.8	 	 	2,039.3	 	6.67	 	
Securities available for sale:	 			 		 			 			 		 			 			 		 			
Taxable	 	11,014.3	 	 	167.7	 	6.09	 	 	6,650.6	 	 	108.7	 	6.54	 	 	22,170.4	 	 	282.0	 	5.09	 	
Tax-exempt-FTE 1	 	1,041.2	 	 	15.2	 	5.85	 	 	1,038.8	 	 	15.2	 	5.86	 	 	998.0	 	 	14.6	 	5.85	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total securities available for sale-FTE 1	 	12,055.5	 	 	182.9	 	6.07	 	 	7,689.4	 	 	123.9	 	6.44	 	 	23,168.4	 	 	296.6	 	5.12	 	
Funds sold and securities purchased under agreements to resell	 	1,038.1	 	 	13.2	 	5.04	 	 	1,006.3	 	 	12.9	 	5.12	 	 	1,176.3	 	 	15.4	 	5.15	 	
Loans held for sale	 	13,454.3	 	 	200.4	 	5.96	 	 	11,205.2	 	 	173.7	 	6.20	 	 	12,009.3	 	 	198.4	 	6.61	 	
Interest-bearing deposits	 	24.1	 	 	0.3	 	5.74	 	 	28.9	 	 	0.4	 	5.69	 	 	31.2	 	 	0.3	 	3.76	 	
Interest earning trading assets	 	12,857.6	 	 	174.3	 	5.44	 	 	18,028.9	 	 	228.8	 	5.15	 	 	2,365.8	 	 	38.6	 	6.46	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total earning assets	 	157,594.2	 	 	2,568.5	 	6.54	 	 	159,473.6	 	 	2,551.8	 	6.49	 	 	160,114.8	 	 	2,588.6	 	6.41	 	
Allowance for loan and lease losses	 	(1,037.6	)	 		 			 	(1,050.5	)	 		 			 	(1,086.1	)	 		 			
Cash and due from banks	 	3,427.7	 	 		 			 	3,520.0	 	 		 			 	3,683.1	 	 		 			
Other assets	 	16,626.9	 	 		 			 	16,272.9	 	 		 			 	16,665.6	 	 		 			
Noninterest earning trading assets	 	986.6	 	 		 			 	985.1	 	 		 			 	1,000.5	 	 		 			
Unrealized gains on securities available for sale, net	 	2,398.7	 	 		 			 	2,305.3	 	 		 			 	1,965.4	 	 		 			
	 	 	 	 		 			 	 	 	 		 			 	 	 	 		 			
Total assets	 	$179,996.5	 	 		 			 	$181,506.4	 	 		 			 	$182,343.3	 	 		 			
	 	 	 	 		 			 	 	 	 		 			 	 	 	 		 			
LIABILITIES AND SHAREHOLDERS' EQUITY	 			 		 			 			 		 			 			 		 			
Interest-bearing deposits:	 			 		 			 			 		 			 			 		 			
NOW accounts	 	$20,065.8	 	 	$119.0	 	2.38	%	 	$19,820.1	 	 	$115.9	 	2.37	%	 	$18,441.1	 	 	$102.2	 	2.20	%	
Money market accounts	 	21,773.3	 	 	142.0	 	2.62	 	 	22,089.1	 	 	142.9	 	2.62	 	 	23,075.7	 	 	153.1	 	2.63	 	
Savings	 	4,786.7	 	 	14.8	 	1.24	 	 	5,024.8	 	 	16.3	 	1.32	 	 	5,437.0	 	 	23.6	 	1.73	 	
Consumer time	 	16,942.3	 	 	190.5	 	4.51	 	 	16,809.4	 	 	183.1	 	4.42	 	 	16,682.8	 	 	180.8	 	4.30	 	
Other time	 	11,962.4	 	 	144.5	 	4.85	 	 	12,115.8	 	 	144.0	 	4.82	 	 	12,338.6	 	 	148.3	 	4.77	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total interest-bearing consumer and commercial deposits	 	75,530.5	 	 	610.8	 	3.24	 	 	75,859.2	 	 	602.2	 	3.22	 	 	75,975.2	 	 	608.0	 	3.18	 	
Brokered deposits	 	16,972.2	 	 	227.5	 	5.30	 	 	18,888.5	 	 	250.8	 	5.31	 	 	18,102.0	 	 	243.1	 	5.25	 	
Foreign deposits	 	7,011.2	 	 	92.9	 	5.24	 	 	7,825.6	 	 	102.9	 	5.26	 	 	8,022.2	 	 	107.6	 	5.25	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total interest-bearing deposits	 	99,513.9	 	 	931.2	 	3.75	 	 	102,573.3	 	 	955.9	 	3.78	 	 	102,099.4	 	 	958.7	 	3.73	 	
Funds purchased	 	3,967.7	 	 	52.2	 	5.21	 	 	4,693.1	 	 	61.2	 	5.22	 	 	5,163.4	 	 	68.8	 	5.21	 	
Securities sold under agreements to repurchase	 	6,339.0	 	 	74.4	 	4.64	 	 	6,768.0	 	 	79.5	 	4.70	 	 	7,148.8	 	 	86.3	 	4.72	 	
Interest-bearing trading liabilities	 	453.1	 	 	4.4	 	3.87	 	 	409.4	 	 	4.3	 	4.25	 	 	488.5	 	 	5.3	 	4.28	 	
Other short-term borrowings	 	2,262.3	 	 	28.3	 	5.02	 	 	1,758.4	 	 	21.7	 	5.01	 	 	1,913.3	 	 	24.4	 	5.08	 	
Long-term debt	 	19,772.4	 	 	258.0	 	5.24	 	 	19,000.8	 	 	240.9	 	5.14	 	 	17,854.2	 	 	259.9	 	5.78	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total interest-bearing liabilities	 	132,308.4	 	 	1,348.5	 	4.09	 	 	135,203.0	 	 	1,363.5	 	4.09	 	 	134,667.6	 	 	1,403.4	 	4.13	 	
Noninterest-bearing deposits	 	22,395.8	 	 		 			 	21,933.1	 	 		 			 	22,577.7	 	 		 			
Other liabilities	 	6,185.4	 	 		 			 	5,499.1	 	 		 			 	5,779.5	 	 		 			
Noninterest-bearing trading liabilities	 	1,178.8	 	 		 			 	1,150.8	 	 		 			 	1,163.0	 	 		 			
Shareholders' equity	 	17,928.1	 	 		 			 	17,720.4	 	 		 			 	18,155.5	 	 		 			
	 	 	 	 		 			 	 	 	 		 			 	 	 	 		 			
Total liabilities and shareholders’ equity	 	$179,996.5	 	 		 			 	$181,506.4	 	 		 			 	$182,343.3	 	 		 			

Interest Rate Spread	 			 		 	2.45	%	 			 		 	2.40	%	 			 		 	2.28	%	
	 			 	 	 	 	 	 			 	 	 	 	 	 			 	 	 	 	 	
Net Interest Income-FTE 1	 			 	$1,220.0	 			 			 	$1,188.3	 			 			 	$1,185.2	 			
	 			 	 	 	 	 	 			 	 	 	 	 	 			 	 	 	 	 	
Net Interest Margin 2	 			 		 	3.10	%	 			 		 	3.02	%	 			 		 	2.94	%	

1	The fully taxable-equivalent (“FTE”) basis adjusts for the tax-favored status of net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources.	

2	The net interest margin is calculated by dividing annualized net interest income-FTE by average total earning assets.	
 
Page 8

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

 
																	
 	 	Twelve Months Ended	 	
 	 	December 31, 2007	 	 	December 31, 2006	 	
 	 	Average
Balances	 	 	Interest
Income/
Expense	 	Yields/
Rates	 	 	Average
Balances	 	 	Interest
Income/
Expense	 	Yields/
Rates	 	
ASSETS	 			 		 			 			 		 			
Loans:	 			 		 			 			 		 			
Real estate 1-4 family	 	$31,951.0	 	 	$2,036.5	 	6.37	%	 	$33,523.5	 	 	$2,022.6	 	6.03	%	
Real estate construction	 	13,519.4	 	 	1,011.0	 	7.48	 	 	12,333.9	 	 	923.8	 	7.49	 	
Real estate home equity lines	 	14,031.0	 	 	1,088.2	 	7.76	 	 	13,565.2	 	 	1,032.3	 	7.61	 	
Real estate commercial	 	12,803.4	 	 	887.5	 	6.93	 	 	12,803.7	 	 	866.6	 	6.77	 	
Commercial - FTE 1	 	34,194.4	 	 	2,202.6	 	6.44	 	 	33,836.1	 	 	2,087.4	 	6.17	 	
Credit card	 	495.9	 	 	17.7	 	3.57	 	 	315.3	 	 	19.1	 	6.09	 	
Consumer - direct	 	4,221.0	 	 	304.9	 	7.22	 	 	4,460.8	 	 	313.6	 	7.03	 	
Consumer - indirect	 	8,017.5	 	 	495.4	 	6.18	 	 	8,376.6	 	 	477.6	 	5.70	 	
Nonaccrual and restructured	 	847.0	 	 	17.3	 	2.05	 	 	430.1	 	 	16.6	 	3.85	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total loans	 	120,080.6	 	 	8,061.1	 	6.71	 	 	119,645.2	 	 	7,759.6	 	6.49	 	
Securities available for sale:	 			 		 			 			 		 			
Taxable	 	10,274.1	 	 	639.1	 	6.22	 	 	23,430.9	 	 	1,146.8	 	4.89	 	
Tax-exempt - FTE 1	 	1,043.8	 	 	62.2	 	5.96	 	 	954.5	 	 	55.8	 	5.85	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total securities available for sale - FTE 1	 	11,317.9	 	 	701.3	 	6.20	 	 	24,385.4	 	 	1,202.6	 	4.93	 	
Funds sold and securities purchased under agreement to resell	 	995.6	 	 	48.8	 	4.91	 	 	1,158.6	 	 	57.0	 	4.92	 	
Loans held for sale	 	10,786.7	 	 	668.9	 	6.20	 	 	11,082.8	 	 	728.0	 	6.57	 	
Interest-bearing deposits	 	24.0	 	 	1.3	 	5.44	 	 	93.4	 	 	3.3	 	3.59	 	
Interest earning trading assets	 	11,999.6	 	 	657.2	 	5.48	 	 	2,063.3	 	 	129.5	 	6.28	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total earning assets	 	155,204.4	 	 	10,138.6	 	6.53	 	 	158,428.7	 	 	9,880.0	 	6.24	 	
Allowance for loan and lease losses	 	(1,065.7	)	 		 			 	(1,061.3	)	 		 			
Cash and due from banks	 	3,456.6	 	 		 			 	3,834.8	 	 		 			
Other assets	 	16,700.5	 	 		 			 	16,534.9	 	 		 			
Noninterest earning trading assets	 	1,198.9	 	 		 			 	957.5	 	 		 			
Unrealized gains on securities available for sale, net	 	2,300.8	 	 		 			 	1,620.5	 	 		 			
	 	 	 	 		 			 	 	 	 		 			
Total assets	 	$177,795.5	 	 		 			 	$180,315.1	 	 		 			
	 	 	 	 		 			 	 	 	 		 			
LIABILITIES AND SHAREHOLDERS’ EQUITY	 			 		 			 			 		 			
Interest-bearing deposits:	 			 		 			 			 		 			
NOW accounts	 	$20,042.8	 	 	$473.9	 	2.36	%	 	$17,214.4	 	 	$307.8	 	1.79	%	
Money market accounts	 	22,676.7	 	 	622.5	 	2.75	 	 	24,507.9	 	 	634.5	 	2.59	 	
Savings	 	4,608.7	 	 	55.5	 	1.20	 	 	5,371.1	 	 	79.1	 	1.47	 	
Consumer time	 	16,941.3	 	 	764.2	 	4.51	 	 	15,622.7	 	 	614.6	 	3.93	 	
Other time	 	12,073.5	 	 	586.3	 	4.86	 	 	11,146.9	 	 	492.9	 	4.42	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total interest-bearing consumer and commercial deposits	 	76,343.0	 	 	2,502.4	 	3.28	 	 	73,863.0	 	 	2,128.9	 	2.88	 	
Brokered deposits	 	16,091.9	 	 	861.2	 	5.35	 	 	17,425.7	 	 	880.5	 	5.05	 	
Foreign deposits	 	5,764.5	 	 	297.2	 	5.16	 	 	9,064.5	 	 	455.3	 	5.02	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total interest-bearing deposits	 	98,199.4	 	 	3,660.8	 	3.73	 	 	100,353.2	 	 	3,464.7	 	3.45	 	
Funds purchased	 	3,266.2	 	 	166.5	 	5.10	 	 	4,439.5	 	 	222.9	 	5.02	 	
Securities sold under agreements to repurchase	 	6,132.5	 	 	273.8	 	4.46	 	 	7,087.0	 	 	320.1	 	4.52	 	
Interest-bearing trading liabilities	 	430.2	 	 	15.6	 	3.62	 	 	404.9	 	 	15.5	 	3.84	 	
Other short-term borrowings	 	2,493.0	 	 	121.0	 	4.85	 	 	1,507.1	 	 	74.5	 	4.93	 	
Long-term debt	 	20,692.9	 	 	1,078.7	 	5.21	 	 	18,600.7	 	 	1,033.9	 	5.56	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total interest-bearing liabilities	 	131,214.2	 	 	5,316.4	 	4.05	 	 	132,392.4	 	 	5,131.6	 	3.88	 	
Noninterest-bearing deposits	 	21,677.2	 	 		 			 	23,312.3	 	 		 			
Other liabilities	 	5,783.1	 	 		 			 	5,895.2	 	 		 			
Noninterest-bearing trading liabilities	 	1,313.0	 	 		 			 	1,168.5	 	 		 			
Shareholders’ equity	 	17,808.0	 	 		 			 	17,546.7	 	 		 			
	 	 	 	 		 			 	 	 	 		 			
Total liabilities and shareholders' equity	 	$177,795.5	 	 		 			 	$180,315.1	 	 		 			
	 	 	 	 		 	 	 	 	 	 	 		 	 	 	
Interest Rate Spread	 			 		 	2.48	%	 			 		 	2.36	%	
	 			 	 	 	 	 	 			 	 	 	 	 	
Net Interest Income - FTE 1	 			 	$4,822.2	 			 			 	$4,748.4	 			
	 			 	 	 	 	 	 			 	 	 	 	 	
Net Interest Margin 2	 			 		 	3.11	%	 			 		 	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 net interest income-FTE by average total earning assets.	
 
Page 9

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

 
																									
 	  	Three Months Ended	 	 	Twelve Months Ended	 	
 	  	December 31	 	 	Increase/(Decrease)	 	 	December 31	 	 	Increase/(Decrease)	 	
 	  	2007	 	 	2006	 	 	Amount	 	 	% 1	 	 	2007	 	 	2006	 	 	Amount	 	 	% 1	 	
CREDIT DATA	  			 			 			 			 			 			 			 			
Allowance for loan and lease losses-beginning	  	$1,093,691	 	 	$1,087,316	 	 	$6,375	 	 	0.6	%	 	$1,044,521	 	 	$1,028,128	 	 	$16,393	 	 	1.6	%	
Provision for loan losses	  	356,781	 	 	115,806	 	 	240,975	 	 	NM	 	 	664,922	 	 	262,536	 	 	402,386	 	 	NM	 	
Allowance associated with loans at fair value 2	  	-	 	 	-	 	 	-	 	 	-	 	 	(4,100	)	 	-	 	 	4,100	 	 	NM	 	
Charge-offs	  			 			 			 			 			 			 			 			
Commercial	  	(38,239	)	 	(127,831	)	 	(89,592	)	 	(70.1	)	 	(140,859	)	 	(183,501	)	 	(42,642	)	 	(23.2	)	
Real estate:	  			 			 			 			 			 			 			 			
Home equity lines	  	(46,842	)	 	(11,038	)	 	35,804	 	 	NM	 	 	(116,218	)	 	(28,816	)	 	87,402	 	 	NM	 	
Construction	  	(7,616	)	 	(1,230	)	 	6,386	 	 	NM	 	 	(12,159	)	 	(2,281	)	 	9,878	 	 	NM	 	
Residential mortgages	  	(59,319	)	 	(7,806	)	 	51,513	 	 	NM	 	 	(113,080	)	 	(29,596	)	 	83,484	 	 	NM	 	
Commercial real estate	  	(299	)	 	(4,256	)	 	(3,957	)	 	(93.0	)	 	(2,069	)	 	(8,050	)	 	(5,981	)	 	(74.3	)	
Consumer:	  			 			 			 			 			 			 			 			
Direct	  	(6,630	)	 	(5,924	)	 	706	 	 	11.9	 	 	(23,509	)	 	(22,010	)	 	1,499	 	 	6.8	 	
Indirect	  	(32,448	)	 	(25,450	)	 	6,998	 	 	27.5	 	 	(106,454	)	 	(82,315	)	 	24,139	 	 	29.3	 	
	  	 	 	 	 	 	 			 			 	 	 	 	 	 	 			 			
Total charge-offs	  	(191,393	)	 	(183,535	)	 	7,858	 	 	4.3	 	 	(514,348	)	 	(356,569	)	 	157,779	 	 	44.2	 	
	  	 	 	 	 	 	 			 			 	 	 	 	 	 	 			 			
Recoveries	  			 			 			 			 			 			 			 			
Commercial	  	6,613	 	 	6,657	 	 	(44	)	 	(0.7	)	 	24,242	 	 	29,971	 	 	(5,729	)	 	(19.1	)	
Real estate:	  			 			 			 			 			 			 			 			
Home equity lines	  	2,182	 	 	1,529	 	 	653	 	 	42.7	 	 	7,789	 	 	6,840	 	 	949	 	 	13.9	 	
Construction	  	705	 	 	755	 	 	(50	)	 	(6.6	)	 	1,150	 	 	2,040	 	 	(890	)	 	(43.6	)	
Residential mortgages	  	1,328	 	 	1,686	 	 	(358	)	 	(21.2	)	 	5,462	 	 	7,909	 	 	(2,447	)	 	(30.9	)	
Commercial real estate	  	846	 	 	1,748	 	 	(902	)	 	(51.6	)	 	1,910	 	 	6,212	 	 	(4,302	)	 	(69.3	)	
Consumer:	  			 			 			 			 			 			 			 			
Direct	  	2,484	 	 	2,805	 	 	(321	)	 	(11.4	)	 	9,613	 	 	12,126	 	 	(2,513	)	 	(20.7	)	
Indirect	  	9,267	 	 	9,754	 	 	(487	)	 	(5.0	)	 	41,343	 	 	45,328	 	 	(3,985	)	 	(8.8	)	
	  	 	 	 	 	 	 			 			 	 	 	 	 	 	 			 			
Total recoveries	  	23,425	 	 	24,934	 	 	(1,509	)	 	(6.1	)	 	91,509	 	 	110,426	 	 	(18,917	)	 	(17.1	)	
	  	 	 	 	 	 	 			 			 	 	 	 	 	 	 			 			
Net charge-offs	  	(167,968	)	 	(158,601	)	 	9,367	 	 	5.9	 	 	(422,839	)	 	(246,143	)	 	176,696	 	 	71.8	 	
	  	 	 	 	 	 	 			 			 	 	 	 	 	 	 			 			
Allowance for loan and lease losses-ending	  	$1,282,504	 	 	$1,044,521	 	 	$237,983	 	 	22.8	 	 	$1,282,504	 	 	$1,044,521	 	 	$237,983	 	 	22.8	 	
	  	 	 	 	 	 	 			 			 	 	 	 	 	 	 			 			
Net charge-offs to average loans (annualized)	  			 			 			 			 			 			 			 			
Commercial	  	0.35	%	 	1.39	%	 	(1.04	)%	 	(74.6	)%	 	0.34	%	 	0.45	%	 	(0.11	)%	 	(25.4	)%	
Real estate:	  			 			 			 			 			 			 			 			
Home equity lines	  	1.23	 	 	0.27	 	 	0.96	 	 	NM	 	 	0.77	 	 	0.16	 	 	0.61	 	 	NM	 	
Construction	  	0.20	 	 	0.01	 	 	0.19	 	 	NM	 	 	0.08	 	 	-	 	 	0.08	 	 	NM	 	
Residential mortgages	  	0.70	 	 	0.07	 	 	0.63	 	 	NM	 	 	0.33	 	 	0.06	 	 	0.27	 	 	NM	 	
Commercial real estate	  	(0.02	)	 	0.08	 	 	(0.10	)	 	NM	 	 	-	 	 	0.01	 	 	(0.01	)	 	(100.0	)	
Consumer:	  			 			 			 			 			 			 			 			
Direct	  	0.42	 	 	0.30	 	 	0.12	 	 	38.5	 	 	0.33	 	 	0.22	 	 	0.11	 	 	49.6	 	
Indirect	  	1.16	 	 	0.75	 	 	0.41	 	 	54.3	 	 	0.81	 	 	0.44	 	 	0.37	 	 	84.0	 	
Total net charge-offs to total average loans	  	0.55	 	 	0.52	 	 	0.03	 	 	5.8	 	 	0.35	 	 	0.21	 	 	0.14	 	 	66.7	 	
Period Ended	  			 			 			 			 			 			 			 			
Nonaccrual loans	  			 			 			 			 			 			 			 			
Commercial	  	$74,463	 	 	$106,769	 	 	($32,306	)	 	(30.3	)%	 			 			 			 			
Real estate:	  			 			 			 			 			 			 			 			
Construction	  	295,335	 	 	38,646	 	 	256,689	 	 	NM	 	 			 			 			 			
Residential mortgages 3	  	977,077	 	 	279,458	 	 	697,619	 	 	NM	 	 			 			 			 			
Commercial real estate	  	44,502	 	 	55,365	 	 	(10,863	)	 	(19.6	)	 			 			 			 			
Consumer loans	  	39,031	 	 	23,520	 	 	15,511	 	 	65.9	 	 			 			 			 			
	  	 	 	 	 	 	 			 			 			 			 			 			
Total nonaccrual loans	  	1,430,407	 	 	503,758	 	 	926,649	 	 	NM	 	 			 			 			 			
Restructured loans	  	29,851	 	 	27,993	 	 	1,858	 	 	6.6	 	 			 			 			 			
	  	 	 	 	 	 	 			 			 			 			 			 			
Total nonperforming loans	  	1,460,258	 	 	531,751	 	 	928,507	 	 	NM	 	 			 			 			 			
Other real estate owned (OREO)	  	183,753	 	 	55,460	 	 	128,293	 	 	NM	 	 			 			 			 			
Other repossessed assets	  	11,536	 	 	6,617	 	 	4,919	 	 	74.3	 	 			 			 			 			
	  	 	 	 	 	 	 			 			 			 			 			 			
Total nonperforming assets	  	$1,655,547	 	 	$593,828	 	 	$1,061,719	 	 	NM	 	 			 			 			 			
	  	 	 	 	 	 	 			 			 			 			 			 			
Total accruing loans past due 90 days or more	  	$611,003	 	 	$353,115	 	 	$257,888	 	 	73.0	%	 			 			 			 			
	  	 	 	 	 	 	 			 			 			 			 			 			
Total nonperforming loans to total loans	  	1.19	%	 	0.44	%	 	0.75	%	 	NM	%	 			 			 			 			
Total nonperforming assets to total loans plus OREO and other repossessed assets	  	1.35	 	 	0.49	 	 	0.86	 	 	NM	 	 			 			 			 			
Allowance to period-end loans	  	1.05	 	 	0.86	 	 	0.19	 	 	22.1	 	 			 			 			 			
Allowance to nonperforming loans	  	87.8	 	 	196.4	 	 	(108.60	)	 	(55.3	)	 			 			 			 			
Allowance to annualized net charge-offs	  	1.92 x	 	 	1.66 x	 	 	0.26 x	 	 	0.16	 	 			 			 			 			

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

2	Amount removed from the allowance for loan losses related to the Company’s election to record $4.1 billion of residential mortgages at fair value.	

3	Includes home equity lines on nonaccrual status.	
 
Page 10

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

 
																						
 	  	Three Months Ended	 	
 	  	December 31
2007	 	 	September 30
2007	 	 	Increase/(Decrease)	 	 	June 30
2007	 	 	March 31
2007	 	 	December 31
2006	 	
 	  			 			 	Amount	 	 	% 1	 	 			 			 			
CREDIT DATA	  			 			 			 			 			 			 			
Allowance for loan and lease losses-beginning	  	$1,093,691	 	 	$1,050,362	 	 	$43,329	 	 	4.1	%	 	$1,033,939	 	 	$1,044,521	 	 	$1,087,316	 	
Provision for loan losses	  	356,781	 	 	147,020	 	 	209,761	 	 	NM	 	 	104,680	 	 	56,441	 	 	115,806	 	
Allowance associated with loans at fair value 2	  	-	 	 	-	 	 	-	 	 	-	 	 	-	 	 	(4,100	)	 	-	 	
Charge-offs	  			 			 			 			 			 			 			
Commercial	  	(38,239	)	 	(39,487	)	 	(1,248	)	 	(3.2	)	 	(40,853	)	 	(22,280	)	 	(127,831	)	
Real estate:	  			 			 			 			 			 			 			
Home equity lines	  	(46,842	)	 	(29,075	)	 	17,767	 	 	61.1	 	 	(24,429	)	 	(15,872	)	 	(11,038	)	
Construction	  	(7,616	)	 	(2,477	)	 	5,139	 	 	NM	 	 	(1,468	)	 	(598	)	 	(1,230	)	
Residential mortgages	  	(59,319	)	 	(19,853	)	 	39,466	 	 	NM	 	 	(19,615	)	 	(14,293	)	 	(7,806	)	
Commercial real estate	  	(299	)	 	(789	)	 	(490	)	 	(62.1	)	 	(694	)	 	(287	)	 	(4,256	)	
Consumer:	  			 			 			 			 			 			 			
Direct	  	(6,630	)	 	(5,661	)	 	969	 	 	17.1	 	 	(5,362	)	 	(5,856	)	 	(5,924	)	
Indirect	  	(32,448	)	 	(28,944	)	 	3,504	 	 	12.1	 	 	(19,301	)	 	(25,761	)	 	(25,450	)	
	  	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	
Total charge-offs	  	(191,393	)	 	(126,286	)	 	65,107	 	 	51.6	 	 	(111,722	)	 	(84,947	)	 	(183,535	)	

Recoveries	  			 			 			 			 			 			 			
Commercial	  	6,613	 	 	6,322	 	 	291	 	 	4.6	 	 	5,536	 	 	5,771	 	 	6,657	 	
Real estate:	  			 			 			 			 			 			 			
Home equity lines	  	2,182	 	 	2,101	 	 	81	 	 	3.9	 	 	2,323	 	 	1,183	 	 	1,529	 	
Construction	  	705	 	 	82	 	 	623	 	 	NM	 	 	244	 	 	119	 	 	755	 	
Residential mortgages	  	1,328	 	 	1,107	 	 	221	 	 	20.0	 	 	1,614	 	 	1,413	 	 	1,686	 	
Commercial real estate	  	846	 	 	861	 	 	(15	)	 	(1.7	)	 	162	 	 	41	 	 	1,748	 	
Consumer:	  			 			 			 			 			 			 			
Direct	  	2,484	 	 	2,108	 	 	376	 	 	17.8	 	 	2,568	 	 	2,453	 	 	2,805	 	
Indirect	  	9,267	 	 	10,014	 	 	(747	)	 	(7.5	)	 	11,018	 	 	11,044	 	 	9,754	 	
	  	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	
Total recoveries	  	23,425	 	 	22,595	 	 	830	 	 	3.7	 	 	23,465	 	 	22,024	 	 	24,934	 	
	  	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	
Net charge-offs	  	(167,968	)	 	(103,691	)	 	64,277	 	 	62.0	 	 	(88,257	)	 	(62,923	)	 	(158,601	)	
	  	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	
Allowance for loan and lease losses - ending	  	$1,282,504	 	 	$1,093,691	 	 	$188,813	 	 	17.3	 	 	$1,050,362	 	 	$1,033,939	 	 	$1,044,521	 	

Net charge-offs to average loans (annualized)	  			 			 			 			 			 			 			
Commercial	  	0.35	%	 	0.38	%	 	(0.03	)%	 	(7.3	)%	 	0.42	%	 	0.19	%	 	1.39	%	
Real estate:	  			 			 			 			 			 			 			
Home equity lines	  	1.23	 	 	0.76	 	 	0.47	 	 	62.0	 	 	0.64	 	 	0.43	 	 	0.27	 	
Construction	  	0.20	 	 	0.07	 	 	0.13	 	 	NM	 	 	0.04	 	 	0.01	 	 	0.01	 	
Residential mortgages	  	0.70	 	 	0.24	 	 	0.46	 	 	NM	 	 	0.23	 	 	0.15	 	 	0.07	 	
Commercial real estate	  	(0.02	)	 	-	 	 	(0.02	)	 	NM	 	 	0.02	 	 	0.01	 	 	0.08	 	
Consumer:	  			 			 			 			 			 			 			
Direct	  	0.42	 	 	0.32	 	 	0.10	 	 	30.2	 	 	0.26	 	 	0.33	 	 	0.30	 	
Indirect	  	1.16	 	 	0.94	 	 	0.22	 	 	23.7	 	 	0.41	 	 	0.73	 	 	0.75	 	
Total net charge-offs to total average loans	  	0.55	 	 	0.34	 	 	0.21	 	 	61.8	 	 	0.30	 	 	0.21	 	 	0.52	 	
								
Period Ended	  			 			 			 			 			 			 			
Nonaccrual loans	  			 			 			 			 			 			 			
Commercial	  	$74,463	 	 	$74,246	 	 	$217	 	 	0.3	%	 	$91,895	 	 	$118,737	 	 	$106,769	 	
Real estate:	  			 			 			 			 			 			 			
Construction	  	295,335	 	 	158,194	 	 	137,141	 	 	86.7	 	 	77,936	 	 	54,885	 	 	38,646	 	
Residential mortgages 3	  	977,077	 	 	676,822	 	 	300,254	 	 	44.4	 	 	500,400	 	 	392,093	 	 	279,458	 	
Commercial real estate	  	44,502	 	 	40,649	 	 	3,853	 	 	9.5	 	 	44,168	 	 	47,463	 	 	55,365	 	
Consumer loans	  	39,031	 	 	24,880	 	 	14,150	 	 	56.9	 	 	22,401	 	 	24,143	 	 	23,520	 	
	  	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	
Total nonaccrual loans	  	1,430,407	 	 	974,791	 	 	455,616	 	 	46.7	 	 	736,800	 	 	637,321	 	 	503,758	 	
Restructured loans	  	29,851	 	 	29,057	 	 	794	 	 	2.7	 	 	27,816	 	 	27,772	 	 	27,993	 	
	  	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	
Total nonperforming loans	  	1,460,258	 	 	1,003,848	 	 	456,410	 	 	45.5	 	 	764,616	 	 	665,093	 	 	531,751	 	
Other real estate owned (OREO)	  	183,753	 	 	156,106	 	 	27,647	 	 	17.7	 	 	100,973	 	 	74,645	 	 	55,460	 	
Other repossessed assets	  	11,536	 	 	9,974	 	 	1,562	 	 	15.7	 	 	7,250	 	 	6,202	 	 	6,617	 	
	  	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	
Total nonperforming assets	  	$1,655,547	 	 	$1,169,928	 	 	$485,619	 	 	41.5	 	 	$872,839	 	 	$745,940	 	 	$593,828	 	

Total accruing loans past due 90 days or more	  	$611,003	 	 	$495,384	 	 	$115,619	 	 	23.3	%	 	$449,038	 	 	$369,940	 	 	$353,115	 	

Total nonperforming loans to total loans	  	1.19	%	 	0.83	%	 	0.36	%	 	43.4	%	 	0.64	%	 	0.57	%	 	0.44	%	
Total nonperforming assets to total loans plus OREO and other repossessed assets	  	1.35	 	 	0.97	 	 	0.38	 	 	39.2	 	 	0.73	 	 	0.64	 	 	0.49	 	
Allowance to period-end loans	  	1.05	 	 	0.91	 	 	0.14	 	 	15.4	 	 	0.88	 	 	0.88	 	 	0.86	 	
Allowance to nonperforming loans	  	87.8	 	 	109.0	 	 	(21.12	)	 	(19.4	)	 	137.4	 	 	155.5	 	 	196.4	 	
Allowance to annualized net charge-offs	  	1.92x	 	 	2.66 x	 	 	(0.74	) x	 	(0.28	)	 	2.97 x	 	 	4.05 x	 	 	1.66 x	 	

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

2	Amount removed from the allowance for loan losses related to the Company’s election to record $4.1 billion of residential mortgages at fair value.	

3	Includes home equity lines on nonaccrual status.	
 
Page 11

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

 
																									
 	 	Three Months Ended	 	 	Twelve Months Ended	 	
 	 	December 31	 	 	December 31	 	
 	 	Core Deposit
Intangible	 	 	Mortgage
Servicing
Rights	 	 	Other	 	 	Total	 	 	Core Deposit
Intangible	 	 	Mortgage
Servicing
Rights	 	 	Other	 	 	Total	 	
OTHER INTANGIBLE ASSET ROLLFORWARD	 			 			 			 			 			 			 			 			
Balance, beginning of period	 	$261,161	 	 	$724,323	 	 	$134,618	 	 	$1,120,102	 	 	$324,743	 	 	$657,604	 	 	$140,620	 	 	$1,122,967	 	
Amortization	 	(19,547	)	 	(55,652	)	 	(4,757	)	 	(79,956	)	 	(84,214	)	 	(195,627	)	 	(19,012	)	 	(298,853	)	
Servicing rights originated	 	-	 	 	141,897	 	 	-	 	 	141,897	 	 	-	 	 	503,801	 	 	-	 	 	503,801	 	
Community Bank of Florida branch acquisition	 	-	 	 	-	 	 	-	 	 	-	 	 	1,085	 	 	-	 	 	-	 	 	1,085	 	
Reclass investment to trading assets	 	-	 	 	-	 	 	-	 	 	-	 	 	-	 	 	-	 	 	(1,050	)	 	(1,050	)	
Purchase of GenSpring (formerly AMA, LLC) minority shares	 	-	 	 	-	 	 	-	 	 	-	 	 	-	 	 	-	 	 	5,072	 	 	5,072	 	
Sale/securitization of mortgage servicing rights	 	-	 	 	(59	)	 	-	 	 	(59	)	 	-	 	 	(155,269	)	 	-	 	 	(155,269	)	
Issuance of noncompete agreement	 	-	 	 	-	 	 	-	 	 	-	 	 	-	 	 	-	 	 	4,231	 	 	4,231	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Balance December 31, 2006	 	$241,614	 	 	$810,509	 	 	$129,861	 	 	$1,181,984	 	 	$241,614	 	 	$810,509	 	 	$129,861	 	 	$1,181,984	 	

Balance, beginning of period	 	$188,372	 	 	$995,984	 	 	$142,704	 	 	$1,327,060	 	 	$241,614	 	 	$810,509	 	 	$129,861	 	 	$1,181,984	 	
Amortization	 	(15,717	)	 	(47,997	)	 	(7,697	)	 	(71,411	)	 	(68,959	)	 	(181,263	)	 	(27,721	)	 	(277,943	)	
Servicing rights originated	 	-	 	 	142,100	 	 	-	 	 	142,100	 	 	-	 	 	639,158	 	 	-	 	 	639,158	 	
Purchase of GenSpring (formerly AMA, LLC) minority shares	 	-	 	 	-	 	 	-	 	 	-	 	 	-	 	 	-	 	 	2,205	 	 	2,205	 	
Client relationship intangible obtained from GenSpring’s acquisition of TBK Investments, Inc.	 	-	 	 	-	 	 	-	 	 	-	 	 	-	 	 	-	 	 	6,520	 	 	6,520	 	
Client relationship intangible obtained from GenSpring’s acquisition of Inlign Wealth Management	 	-	 	 	-	 	 	4,120	 	 	4,120	 	 	-	 	 	-	 	 	4,120	 	 	4,120	 	
Alpha Equity Management revenue sharing intangible	 	-	 	 	-	 	 	1,788	 	 	1,788	 	 	-	 	 	-	 	 	1,788	 	 	1,788	 	
Intangible assets obtained from sale upon merger of Lighthouse Partners, net 1	 	-	 	 	-	 	 	-	 	 	-	 	 	-	 	 	-	 	 	24,142	 	 	24,142	 	
Sale/securitization of mortgage servicing rights	 	-	 	 	(40,662	)	 	-	 	 	(40,662	)	 	-	 	 	(218,979	)	 	-	 	 	(218,979	)	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Balance, December 31, 2007	 	$172,655	 	 	$1,049,425	 	 	$140,915	 	 	$1,362,995	 	 	$172,655	 	 	$1,049,425	 	 	$140,915	 	 	$1,362,995	 	

 	 	Three Months Ended	 	 	 	 	 	 	 	 	 	 	
 	 	December 31
2007	 	 	September 30
2007	 	 	June 30
2007	 	 	March 31
2007	 	 	December 31
2006	 	 	 	 	 	 	 	 	 	 	
COMMON SHARE ROLLFORWARD	 			 			 			 			 			 			 			 			
Beginning balance	 	348,074	 	 	349,053	 	 	356,505	 	 	354,903	 	 	363,868	 	 			 			 			
Common shares issued/exchanged for employee benefit plans, stock option, performance and restricted stock activity	 	337	 	 	483	 	 	1,228	 	 	2,218	 	 	961	 	 			 			 			
Acquisition of treasury stock	 	-	 	 	(1,462	)	 	(8,680	)	 	(616	)	 	(9,926	)	 			 			 			
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 			 			 			
Ending balance	 	348,411	 	 	348,074	 	 	349,053	 	 	356,505	 	 	354,903	 	 			 			 			

COMMON STOCK REPURCHASE ACTIVITY	 			 			 			 			 			 			 			 			
Number of common shares repurchased 2	 	12	 	 	1,472	 	 	8,715	 	 	653	 	 	9,962	 	 			 			 			
Average price per share of repurchased common shares	 	$69.31	 	 	$81.00	 	 	$87.02	 	 	$82.83	 	 	$77.76	 	 			 			 			
Total cost to acquire treasury shares	 	$-	 	 	$-	 	 	$853,386	 	 	$-	 	 	$870,669	 	 			 			 			
Maximum number of common shares that may yet be purchased under plans or programs 3	 	30,000	 	 	30,000	 	 	2,471	 	 	11,151	 	 	11,767	 	 			 			 			

1	During the first quarter of 2007 SunTrust merged its wholly-owned subsidiary, Lighthouse Partners, into Lighthouse Investment Partners, LLC in exchange for a minority interest in Lighthouse Investment Partners, LLC and a revenue-sharing agreement. This transaction resulted in a $7.9 million decrease in existing intangible assets and a new intangible asset of $32.0 million.	

2	This figure includes shares repurchased pursuant to SunTrust’s employee stock option plans, pursuant to which participants may pay the exercise price upon exercise of SunTrust stock options by surrendering shares of SunTrust common stock which the participant already owns.	

3	In August 2006, the Board authorized the Company to repurchase up to an additional $1 billion or 13,333,334 shares of the Company’s Common Stock, under which authority the Company repurchased 9,926,589 shares during 2006 under an Accelerated Share Repurchase Agreement (“ASR”). The 3,406,745 shares remaining under the August 2006 authorization, combined with 8,360,000 shares remaining under Board authorization from April 2006, left the Company with authorization to repurchase up to 11,766,745 shares as of January 1, 2007. The Company completed the aforementioned ASR with the repurchase of 615,514 shares during the first quarter of 2007. During 2007, the Company entered into a second ASR, as announced in the Company’s 8-K filing on June 7, 2007, by repurchasing 8,022,254 shares during the second quarter of 2007. This ASR was completed in the third quarter of 2007 when the Company received, without additional payment, an additional 1,462,091 shares. On August 14, 2007, the Board of Directors authorized the Company to repurchase up to 30 million shares of common stock and specified that such authorization replaced (terminated) existing unused authorizations.	
 
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	 	 	Twelve Months Ended	 	
 	 	December 31
2007	 	 	September 30
2007	 	 	June 30
2007	 	 	March 31
2007	 	 	December 31
2006	 	 	December 31
2007	 	 	December 31
2006	 	
NON-GAAP MEASURES PRESENTED IN THE EARNINGS RELEASE	 			 			 			 			 			 			 			
Net income	 	$11,124	 	 	$420,164	 	 	$681,431	 	 	$521,296	 	 	$506,354	 	 	$1,634,015	 	 	$2,117,471	 	
Securities (gains)/losses, net of tax	 	(3,530	)	 	(614	)	 	(146,575	)	 	(12	)	 	(21,934	)	 	(150,733	)	 	31,296	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net income excluding net securities gains and losses, net of tax	 	7,594	 	 	419,550	 	 	534,856	 	 	521,284	 	 	484,420	 	 	1,483,282	 	 	2,148,767	 	
The Coca-Cola Company dividend, net of tax	 	(13,206)	 	 	(13,210)	 	 	(13,218)	 	 	(14,580)	 	 	(13,316)	 	 	(54,214)	 	 	(53,267)	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net income/(loss) excluding net securities (gains)/losses, net of tax and The Coca-Cola Company dividend	 	(5,612	)	 	406,340	 	 	521,638	 	 	506,704	 	 	471,104	 	 	1,429,068	 	 	2,095,500	 	
Preferred dividends	 	7,867	 	 	7,526	 	 	7,519	 	 	7,363	 	 	7,729	 	 	30,275	 	 	7,729	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net income/(loss) available to common shareholders excluding net securities (gains)/losses and The Coca-Cola Company dividend	 	($13,479	)	 	$398,814	 	 	$514,119	 	 	$499,341	 	 	$463,375	 	 	$1,398,793	 	 	$2,087,771	 	

Total average assets	 	$175,130,464	 	 	$174,653,377	 	 	$179,996,457	 	 	$181,506,369	 	 	$182,343,274	 	 	$177,795,518	 	 	$180,315,146	 	
Average net unrealized securities gains	 	(2,408,596	)	 	(2,091,892	)	 	(2,398,651	)	 	(2,305,306	)	 	(1,965,367	)	 	(2,300,821	)	 	(1,620,509	)	

Average assets less net unrealized securities gains	 	$172,721,868	 	 	$172,561,485	 	 	$177,597,806	 	 	$179,201,063	 	 	$180,377,907	 	 	$175,494,697	 	 	$178,694,637	 	
Total average common shareholders’ equity	 	$17,532,786	 	 	$17,050,182	 	 	$17,428,101	 	 	$17,220,384	 	 	$17,655,469	 	 	$17,308,013	 	 	$17,394,685	 	
Average accumulated other comprehensive income	 	(1,292,785	)	 	(998,561	)	 	(1,206,487	)	 	(1,074,497	)	 	(1,202,004	)	 	(1,143,284	)	 	(975,952	)	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total average realized common shareholders’ equity	 	$16,240,001	 	 	$16,051,621	 	 	$16,221,614	 	 	$16,145,887	 	 	$16,453,465	 	 	$16,164,729	 	 	$16,418,733	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Return on average total assets	 	0.03	%	 	0.95	%	 	1.52	%	 	1.16	%	 	1.10	%	 	0.92	%	 	1.17	%	
Impact of excluding net realized and unrealized securities (gains)/losses and The Coca-Cola Company dividend	 	(0.04	)	 	(0.02	)	 	(0.34	)	 	(0.01	)	 	(0.06	)	 	(0.11	)	 	—  	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Return on average total assets less net unrealized securities gains  1	 	(0.01	)%	 	0.93	%	 	1.18	%	 	1.15	%	 	1.04	%	 	0.81	%	 	1.17	%	

Return on average common shareholders’ equity	 	0.07	%	 	9.60	%	 	15.51	%	 	12.10	%	 	11.20	%	 	9.27	%	 	12.13	%	
Impact of excluding net realized and unrealized securities (gains)/losses and The Coca-Cola Company dividend	 	(0.40	)	 	0.26	 	 	(2.80	)	 	0.44	 	 	(0.03	)	 	(0.62	)	 	0.59	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Return on average realized common shareholders’ equity  2	 	(0.33	)%	 	9.86	%	 	12.71	%	 	12.54	%	 	11.17	%	 	8.65	%	 	12.72	%	

Efficiency ratio 3	 	82.19	%	 	63.35	%	 	52.69	%	 	59.79	%	 	59.67	%	 	63.43	%	 	59.39	%	
Impact of excluding amortization of intangible assets other than mortgage servicing rights (“MSRs”)	 	(1.33	)	 	(1.22	)	 	(1.05	)	 	(1.14	)	 	(1.18	)	 	(1.17	)	 	(1.26	)	
Tangible efficiency ratio 4	 	80.86	%	 	62.13	%	 	51.64	%	 	58.65	%	 	58.49	%	 	62.26	%	 	58.13	%	

Total shareholders’ equity	 	$18,052,518	 	 	$17,907,247	 	 	$17,368,853	 	 	$17,968,538	 	 	$17,813,606	 	 			 			
Goodwill	 	(6,921,493	)	 	(6,912,110	)	 	(6,897,050	)	 	(6,896,723	)	 	(6,889,860	)	 			 			
Other intangible assets including MSRs	 	(1,362,995	)	 	(1,327,060	)	 	(1,290,460	)	 	(1,293,457	)	 	(1,181,984	)	 			 			
MSRs	 	1,049,426	 	 	995,984	 	 	942,012	 	 	921,255	 	 	810,510	 	 			 			
Tangible equity	 	$10,817,456	 	 	$10,664,061	 	 	$10,123,355	 	 	$10,699,613	 	 	$10,552,272	 	 			 			

Total assets	 	$179,573,933	 	 	$175,857,229	 	 	$180,314,372	 	 	$186,384,841	 	 	$182,161,609	 	 			 			
Goodwill	 	(6,921,493	)	 	(6,912,110	)	 	(6,897,050	)	 	(6,896,723	)	 	(6,889,860	)	 			 			
Other intangible assets including MSRs	 	(1,362,995	)	 	(1,327,060	)	 	(1,290,460	)	 	(1,293,457	)	 	(1,181,984	)	 			 			
Mortgage servicing rights	 	1,049,426	 	 	995,984	 	 	942,012	 	 	921,255	 	 	810,510	 	 			 			
Tangible assets	 	$172,338,871	 	 	$168,614,043	 	 	$173,068,874	 	 	$179,115,916	 	 	$174,900,275	 	 			 			

Tangible equity to tangible assets 5	 	6.28	%	 	6.32	%	 	5.85	%	 	5.97	%	 	6.03	%	 			 			
								
Net interest income	 	$1,167,513	 	 	$1,192,188	 	 	$1,195,284	 	 	$1,164,559	 	 	$1,161,289	 	 	$4,719,544	 	 	$4,660,465	 	
Taxable-equivalent adjustment	 	27,244	 	 	27,055	 	 	24,668	 	 	23,713	 	 	23,877	 	 	102,680	 	 	87,966	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net interest income - FTE	 	1,194,757	 	 	1,219,243	 	 	1,219,952	 	 	1,188,272	 	 	1,185,166	 	 	4,822,224	 	 	4,748,431	 	
Noninterest income	 	576,017	 	 	819,139	 	 	1,154,622	 	 	878,906	 	 	882,566	 	 	3,428,684	 	 	3,468,372	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenue - FTE	 	$1,770,774	 	 	$2,038,382	 	 	$2,374,574	 	 	$2,067,178	 	 	$2,067,732	 	 	$8,250,908	 	 	$8,216,803	 	

																		
					
 	 	Twelve Months Ended	 	 	 	 	 	 	 	
 	 	December 31
2007	 	 	December 31
2006	 	 	Increase/
(Decrease)	 	 	 	 	 	 	 	
 	 			 			 	Amount	 	% 	 	 	 	 	 	 	 	
SELECTED NON-GAAP MEASURES PRESENTED IN THE EARNINGS RELEASE	 			 			 		 			 		 		 		
Noninterest expense	 	$5,233,777	 	 	$4,879,860	 	 	$353,917	 	7.3	%	 		 		 		
Compensation expense related to fair valued mortgage loans	 	(78,390	)	 	—  	 	 		 			 		 		 		
Leverage lease reserve reversal	 	—  	 	 	10,923	 	 		 			 		 		 		
E 2 initial implementation costs	 	(61,700	)	 	(13,378	)	 		 			 		 		 		
Decrease in accrued liability associated with a capital instrument	 	33,552	 	 	—  	 	 		 			 		 		 		
Affordable housing divestitures	 	(63,472	)	 	(14,814	)	 		 			 		 		 		
Visa litigation	 	(76,930	)	 	—  	 	 		 			 		 		 		
	 	 	 	 	 	 	 	 	 			 		 		 		
Adjusted noninterest expense 6	 	$4,986,837	 	 	$4,862,591	 	 	$124,246	 	2.6	%	 		 		 		

1	SunTrust presents a return on average assets less net unrealized gains on securities. The foregoing numbers primarily reflect adjustments to remove the effects of the Company’s securities portfolio which includes the ownership by the Company of 43.6 million shares of The Coca-Cola Company as of December 31, 2007. The Company uses this information internally to gauge its actual performance in the industry. The Company believes that the return on average assets less the net unrealized securities gains is more indicative of the Company’s return on assets because it more accurately reflects the return on the assets that are related to the Company’s core businesses which are primarily customer relationship and customer transaction driven. The return on average assets less net unrealized gains on securities is computed by dividing annualized net income, excluding securities gains/losses and The Coca-Cola Company dividend, net of tax, by average assets less net unrealized securities gains.	

2	The Company believes that the return on average realized common shareholders’ equity is more indicative of the Company’s return on equity because the excluded equity relates primarily to the long term holding of a specific security. The return on average realized common shareholders’ equity is computed by dividing annualized net income available to common shareholders, excluding securities gains/losses and The Coca -Cola Company dividend, net of tax, by average realized common shareholders’ equity.	

3	Computed by dividing noninterest expense by total revenue - FTE. The efficiency ratios are presented on an FTE basis. The FTE basis adjusts for the tax-favored status of net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources.	

4	SunTrust presents a tangible efficiency ratio which excludes the amortization of intangible assets other than mortgage servicing rights. The Company believes this measure is useful to investors because, by removing the effect of these intangible asset costs (the level of which may vary from company to company), it allows investors to more easily compare the Company’s efficiency to other companies in the industry. This measure is utilized by management to assess the efficiency of the Company and its lines of business.	

5	SunTrust presents a tangible equity to tangible assets ratio that excludes the 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 noninterest expense on a basis that excludes certain significant non-core expense items because the Company believes the exclusion of these items is more indicative of normalized operations.	
 
Page 13

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

 
																											
 	  	Three Months Ended	 	
 	  	December 31
2007	 	 	September 30
2007	 	 	Increase/(Decrease)	 	 	Sequential
Annualized  1
%	 	 	December 31
2007	 	 	December 31
2006	  	Increase/(Decrease)	 	
 	  			 			 	Amount	 	 	%	 	 			 			 		  	Amount	 	 	%	 	
STATEMENTS OF INCOME	  			 			 			 			 			 			 		  			 			
										
NET INTEREST INCOME	  	$1,167,513	 	 	$1,192,188	 	 	($24,675	)	 	(2.1	)%	 	(8.3	)%	 	$1,167,513	 	 	$1,161,289	  	$6,224	 	 	0.5	%	
Provision for loan losses	  	356,781	 	 	147,020	 	 	209,761	 	 	NM	 	 	NM	 	 	356,781	 	 	115,806	  	240,975	 	 	NM	 	
	  	 	 	 	 	 	 			 			 			 	 	 	 	 	  			 			
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	  	810,732	 	 	1,045,168	 	 	(234,436	)	 	(22.4	)	 	(89.7	)	 	810,732	 	 	1,045,483	  	(234,751	)	 	(22.5	)	

NONINTEREST INCOME	  			 			 			 			 			 			 		  			 			
Service charges on deposit accounts	  	222,213	 	 	213,939	 	 	8,274	 	 	3.9	 	 	15.5	 	 	222,213	 	 	191,628	  	30,585	 	 	16.0	 	
Trust and investment management income	  	170,854	 	 	175,242	 	 	(4,388	)	 	(2.5	)	 	(10.0	)	 	170,854	 	 	169,248	  	1,606	 	 	0.9	 	
Retail investment services	  	71,650	 	 	71,064	 	 	586	 	 	0.8	 	 	3.3	 	 	71,650	 	 	65,000	  	6,650	 	 	10.2	 	
Other charges and fees	  	121,849	 	 	120,730	 	 	1,119	 	 	0.9	 	 	3.7	 	 	121,849	 	 	122,386	  	(537	)	 	(0.4	)	
Investment banking income	  	55,041	 	 	47,688	 	 	7,353	 	 	15.4	 	 	61.7	 	 	55,041	 	 	71,211	  	(16,170	)	 	(22.7	)	
Trading account profits/(losses) and commissions	  	(437,162	)	 	(31,187	)	 	(405,975	)	 	NM	 	 	NM	 	 	(437,162	)	 	9,586	  	(446,748	)	 	NM	 	
Card fees	  	77,481	 	 	70,450	 	 	7,031	 	 	10.0	 	 	39.9	 	 	77,481	 	 	64,187	  	13,294	 	 	20.7	 	
Mortgage production related income	  	22,366	 	 	12,950	 	 	9,416	 	 	72.7	 	 	NM	 	 	22,366	 	 	47,476	  	(25,110	)	 	(52.9	)	
Mortgage servicing related income	  	57,364	 	 	57,142	 	 	222	 	 	0.4	 	 	NM	 	 	57,364	 	 	8,994	  	48,370	 	 	NM	 	
Net gain on sale/leaseback of premises	  	118,840	 	 	-	 	 	118,840	 	 	NM	 	 	NM	 	 	118,840	 	 	-	  	118,840	 	 	NM	 	
Other noninterest income	  	89,827	 	 	80,130	 	 	9,697	 	 	12.1	 	 	48.4	 	 	89,827	 	 	97,473	  	(7,646	)	 	(7.8	)	
Net securities gains/(losses)	  	5,694	 	 	991	 	 	4,703	 	 	NM	 	 	NM	 	 	5,694	 	 	35,377	  	(29,683	)	 	(83.9	)	
	  	 	 	 	 	 	 			 			 			 	 	 	 	 	  			 			
Total noninterest income	  	576,017	 	 	819,139	 	 	(243,122	)	 	(29.7	)	 	NM	 	 	576,017	 	 	882,566	  	(306,549	)	 	(34.7	)	

NONINTEREST EXPENSE	  			 			 			 			 			 			 		  			 			
Employee compensation and benefits	  	682,810	 	 	677,765	 	 	5,045	 	 	0.7	 	 	3.0	 	 	682,810	 	 	657,093	  	25,717	 	 	3.9	 	
Net occupancy expense	  	92,705	 	 	87,626	 	 	5,079	 	 	5.8	 	 	23.2	 	 	92,705	 	 	85,846	  	6,859	 	 	8.0	 	
Outside processing and software	  	105,407	 	 	105,132	 	 	275	 	 	0.3	 	 	1.0	 	 	105,407	 	 	101,538	  	3,869	 	 	3.8	 	
Equipment expense	  	51,734	 	 	51,532	 	 	202	 	 	0.4	 	 	1.6	 	 	51,734	 	 	49,234	  	2,500	 	 	5.1	 	
Marketing and customer development	  	59,115	 	 	46,897	 	 	12,218	 	 	26.1	 	 	NM	 	 	59,115	 	 	45,249	  	13,866	 	 	30.6	 	
Amortization of intangible assets	  	23,414	 	 	24,820	 	 	(1,406	)	 	(5.7	)	 	(22.7	)	 	23,414	 	 	24,304	  	(890	)	 	(3.7	)	
Loss on extinguishment of debt	  	-	 	 	9,800	 	 	(9,800	)	 	(100.0	)	 	NM	 	 	-	 	 	11,665	  	(11,665	)	 	(100.0	)	
Visa litigation	  	76,930	 	 	-	 	 	76,930	 	 	NM	 	 	NM	 	 	76,930	 	 	-	  	76,930	 	 	NM	 	
Other noninterest expense	  	363,226	 	 	287,673	 	 	75,553	 	 	26.3	 	 	NM	 	 	363,226	 	 	258,848	  	104,378	 	 	40.3	 	
	  	 	 	 	 	 	 			 			 			 	 	 	 	 	  			 			
Total noninterest expense	  	1,455,341	 	 	1,291,245	 	 	164,096	 	 	12.7	 	 	50.8	 	 	1,455,341	 	 	1,233,777	  	221,564	 	 	18.0	 	

INCOME/(LOSS) BEFORE INCOME TAXES	  	(68,592	)	 	573,062	 	 	(641,654	)	 	NM	 	 	NM	 	 	(68,592	)	 	694,272	  	(762,864	)	 	NM	 	
Provision/(benefit) for income taxes	  	(79,716	)	 	152,898	 	 	(232,614	)	 	NM	 	 	NM	 	 	(79,716	)	 	187,918	  	(267,634	)	 	NM	 	
	  	 	 	 	 	 	 			 			 			 	 	 	 	 	  			 			
NET INCOME	  	11,124	 	 	420,164	 	 	(409,040	)	 	(97.4	)	 	NM	 	 	11,124	 	 	506,354	  	(495,230	)	 	(97.8	)	
Preferred dividends	  	7,867	 	 	7,526	 	 	341	 	 	4.5	 	 	18.1	 	 	7,867	 	 	7,729	  	138	 	 	1.8	 	
	  	 	 	 	 	 	 			 			 			 	 	 	 	 	  			 			
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS	  	$3,257	 	 	$412,638	 	 	($409,381	)	 	(99.2	)	 	NM	 	 	$3,257	 	 	$498,625	  	($495,368	)	 	(99.3	)	

REVENUE	  			 			 			 			 			 			 		  			 			
Net interest income	  	$1,167,513	 	 	$1,192,188	 	 	($24,675	)	 	(2.1	)%	 	(8.3	)%	 	$1,167,513	 	 	$1,161,289	  	$6,224	 	 	0.5	%	
										
Taxable-equivalent adjustment	  	27,244	 	 	27,055	 	 	189	 	 	0.7	 	 	2.8	 	 	27,244	 	 	23,877	  	3,367	 	 	14.1	 	
	  	 	 	 	 	 	 			 			 			 	 	 	 	 	  			 			
Net interest income - FTE	  	1,194,757	 	 	1,219,243	 	 	(24,486	)	 	(2.0	)	 	(8.0	)	 	1,194,757	 	 	1,185,166	  	9,591	 	 	0.8	 	
Noninterest income	  	576,017	 	 	819,139	 	 	(243,122	)	 	(29.7	)	 	NM	 	 	576,017	 	 	882,566	  	(306,549	)	 	(34.7	)	
	  	 	 	 	 	 	 			 			 			 	 	 	 	 	  			 			
Total revenue - FTE	  	$1,770,774	 	 	$2,038,382	 	 	($267,608	)	 	(13.1	)	 	(52.5	)	 	$1,770,774	 	 	$2,067,732	  	($296,958	)	 	(14.4	)	

SELECTED AVERAGE BALANCES (Dollars in millions)	  			 			 			 			 			 			 		  			 			
										
Average loans	  			 			 			 			 			 			 		  			 			
Commercial-FTE	  	$34,879	 	 	$34,248	 	 	$631	 	 	1.8	%	 	7.4	%	 	$34,879	 	 	$33,965	  	$914	 	 	2.7	%	
Real estate home equity lines	  	14,395	 	 	14,133	 	 	262	 	 	1.9	 	 	7.4	 	 	14,395	 	 	13,723	  	672	 	 	4.9	 	
Real estate construction	  	13,251	 	 	13,687	 	 	(436	)	 	(3.2	)	 	(12.7	)	 	13,251	 	 	13,204	  	47	 	 	0.4	 	
Real estate 1-4 family	  	31,990	 	 	31,004	 	 	986	 	 	3.2	 	 	12.7	 	 	31,990	 	 	34,345	  	(2,355	)	 	(6.9	)	
Real estate commercial	  	12,892	 	 	12,759	 	 	133	 	 	1.0	 	 	4.2	 	 	12,892	 	 	12,785	  	107	 	 	0.8	 	
Credit card	  	690	 	 	516	 	 	174	 	 	33.7	 	 	NM	 	 	690	 	 	352	  	338	 	 	95.9	 	
Consumer - direct	  	3,949	 	 	4,368	 	 	(419	)	 	(9.6	)	 	(38.3	)	 	3,949	 	 	4,116	  	(167	)	 	(4.1	)	
Consumer - indirect	  	7,877	 	 	7,966	 	 	(89	)	 	(1.1	)	 	(4.5	)	 	7,877	 	 	8,232	  	(355	)	 	(4.3	)	
Nonaccrual and restructured	  	1,171	 	 	878	 	 	293	 	 	33.4	 	 	NM	 	 	1,171	 	 	642	  	529	 	 	82.3	 	
	  	 	 	 	 	 	 			 			 			 	 	 	 	 	  			 			
Total loans	  	$121,094	 	 	$119,559	 	 	$1,535	 	 	1.3	%	 	5.1	%	 	$121,094	 	 	$121,364	  	($270	)	 	(0.2	)%	

Average deposits	  			 			 			 			 			 			 		  			 			
Noninterest bearing deposits	  	$20,948	 	 	$21,445	 	 	($497	)	 	(2.3	)%	 	(9.3	)%	 	$20,948	 	 	$22,578	  	($1,630	)	 	(7.2	)%	
NOW accounts	  	20,737	 	 	19,544	 	 	1,193	 	 	6.1	 	 	24.4	 	 	20,737	 	 	18,441	  	2,296	 	 	12.5	 	
Money market accounts	  	24,262	 	 	22,560	 	 	1,702	 	 	7.5	 	 	30.2	 	 	24,262	 	 	23,076	  	1,186	 	 	5.1	 	
Savings	  	4,178	 	 	4,457	 	 	(279	)	 	(6.3	)	 	(25.0	)	 	4,178	 	 	5,437	  	(1,259	)	 	(23.2	)	
Consumer and other time	  	29,524	 	 	28,702	 	 	822	 	 	2.9	 	 	11.5	 	 	29,524	 	 	29,021	  	503	 	 	1.7	 	
	  	 	 	 	 	 	 			 			 			 	 	 	 	 	  			 			
Total consumer and commercial deposits	  	99,649	 	 	96,708	 	 	2,941	 	 	3.0	 	 	12.2	 	 	99,649	 	 	98,553	  	1,096	 	 	1.1	 	
Brokered and foreign deposits	  	15,717	 	 	21,140	 	 	(5,423	)	 	(25.7	)	 	NM	 	 	15,717	 	 	26,124	  	(10,407	)	 	(39.8	)	
	  	 	 	 	 	 	 			 			 			 	 	 	 	 	  			 			
Total deposits	  	$115,366	 	 	$117,848	 	 	($2,482	)	 	(2.1	)%	 	(8.4	)%	 	$115,366	 	 	$124,677	  	($9,311	)	 	(7.5	)%	

SELECTED CREDIT DATA	  			 			 			 			 			 			 		  			 			
										
Nonaccrual loans	  	$1,430,407	 	 	$974,791	 	 	$455,616	 	 	46.7	%	 	NM 	%	 	$1,430,407	 	 	$503,758	  	$926,649	 	 	NM 	%	
Restructured loans	  	29,851	 	 	29,057	 	 	794	 	 	2.7	 	 	10.9	 	 	29,851	 	 	27,993	  	1,858	 	 	6.6	 	
	  	 	 	 	 	 	 			 			 			 	 	 	 	 	  			 			
Total nonperforming loans	  	1,460,258	 	 	1,003,848	 	 	456,410	 	 	45.5	 	 	NM	 	 	1,460,258	 	 	531,751	  	928,507	 	 	NM	 	
Other real estate owned (OREO)	  	183,753	 	 	156,106	 	 	27,647	 	 	17.7	 	 	70.8	 	 	183,753	 	 	55,460	  	128,293	 	 	NM	 	
Other repossessed assets	  	11,536	 	 	9,974	 	 	1,562	 	 	15.7	 	 	62.7	 	 	11,536	 	 	6,617	  	4,919	 	 	74.3	 	
	  	 	 	 	 	 	 			 			 			 	 	 	 	 	  			 			
Total nonperforming assets	  	$1,655,547	 	 	$1,169,928	 	 	$485,619	 	 	41.5	%	 	NM 	%	 	$1,655,547	 	 	$593,828	  	$1,061,719	 	 	NM 	%	
	  	 	 	 	 	 	 			 			 			 	 	 	 	 	  			 			
Allowance for loan and lease losses	  	$1,282,504	 	 	$1,093,691	 	 	$188,813	 	 	17.3	%	 	69.1	%	 	$1,282,504	 	 	$1,044,521	  	$237,983	 	 	22.8	%	

1	Multiply percentage change by 4 to calculate sequential annualized change. Any sequential annualized change over 100 percent is labeled as “NM” because those changes over 100 percent were not considered to be meaningful.	
 
Page 14

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

 
													
 	  	Twelve Months Ended	 	
 	  	December 31
2007	 	 	December 31
2006	 	 	Increase/(Decrease)	 	
 	  			 			 	Amount	 	 	% 1	 	
STATEMENTS OF INCOME	  			 			 			 			
					
NET INTEREST INCOME	  	$4,719,544	 	 	$4,660,465	 	 	$59,079	 	 	1.3	%	
					
Provision for loan losses	  	664,922	 	 	262,536	 	 	402,386	 	 	NM	 	
	  	 	 	 	 	 	 			 			
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	  	4,054,622	 	 	4,397,929	 	 	(343,307	)	 	(7.8	)	

NONINTEREST INCOME	  			 			 			 			
Service charges on deposit accounts	  	822,031	 	 	763,720	 	 	58,311	 	 	7.6	 	
Trust and investment management income	  	685,034	 	 	686,865	 	 	(1,831	)	 	(0.3	)	
Retail investment services	  	278,042	 	 	233,974	 	 	44,068	 	 	18.8	 	
Other charges and fees	  	479,074	 	 	462,063	 	 	17,011	 	 	3.7	 	
Investment banking income	  	214,885	 	 	230,553	 	 	(15,668	)	 	(6.8	)	
Trading account profits/(losses) and commissions	  	(361,711	)	 	113,047	 	 	(474,758	)	 	NM	 	
Card fees	  	280,706	 	 	247,647	 	 	33,059	 	 	13.3	 	
Mortgage production related income	  	90,983	 	 	217,428	 	 	(126,445	)	 	(58.2	)	
Mortgage servicing related income	  	195,436	 	 	121,738	 	 	73,698	 	 	60.5	 	
Net gain on sale upon merger of Lighthouse Partners	  	32,340	 	 	-	 	 	32,340	 	 	NM	 	
Net gain on sale of Bond Trustee business	  	-	 	 	112,759	 	 	(112,759	)	 	(100.0	)	
Net gain on sale/leaseback of premises	  	118,840	 	 	-	 	 	118,840	 	 	NM	 	
Other noninterest income	  	349,907	 	 	329,055	 	 	20,852	 	 	6.3	 	
Net securities gains/(losses)	  	243,117	 	 	(50,477	)	 	293,594	 	 	NM	 	
	  	 	 	 	 	 	 			 			
Total noninterest income	  	3,428,684	 	 	3,468,372	 	 	(39,688	)	 	(1.1	)	

NONINTEREST EXPENSE	  			 			 			 			
Employee compensation and benefits	  	2,770,188	 	 	2,725,453	 	 	44,735	 	 	1.6	 	
Net occupancy expense	  	351,238	 	 	334,213	 	 	17,025	 	 	5.1	 	
Outside processing and software	  	410,945	 	 	393,576	 	 	17,369	 	 	4.4	 	
Equipment expense	  	206,498	 	 	197,038	 	 	9,460	 	 	4.8	 	
Marketing and customer development	  	195,043	 	 	173,205	 	 	21,838	 	 	12.6	 	
Amortization of intangible assets	  	96,680	 	 	103,226	 	 	(6,546	)	 	(6.3	)	
Loss on extinguishment of debt	  	9,800	 	 	11,665	 	 	(1,865	)	 	(16.0	)	
Visa litigation	  	76,930	 	 	-	 	 	76,930	 	 	NM	 	
Other noninterest expense	  	1,116,455	 	 	941,484	 	 	174,971	 	 	18.6	 	
	  	 	 	 	 	 	 			 			
Total noninterest expense	  	5,233,777	 	 	4,879,860	 	 	353,917	 	 	7.3	 	

INCOME BEFORE INCOME TAXES	  	2,249,529	 	 	2,986,441	 	 	(736,912	)	 	(24.7	)	
Provision for income taxes	  	615,514	 	 	868,970	 	 	(253,456	)	 	(29.2	)	
	  	 	 	 	 	 	 			 			
NET INCOME	  	1,634,015	 	 	2,117,471	 	 	(483,456	)	 	(22.8	)	
Preferred dividends	  	30,275	 	 	7,729	 	 	22,546	 	 	NM	 	
	  	 	 	 	 	 	 			 			
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS	  	$1,603,740	 	 	$2,109,742	 	 	($506,002	)	 	(24.0	)	

REVENUE	  			 			 			 			
Net interest income	  	$4,719,544	 	 	$4,660,465	 	 	$59,079	 	 	1.3	%	
Taxable-equivalent adjustment	  	102,680	 	 	87,966	 	 	14,714	 	 	16.7	 	
	  	 	 	 	 	 	 			 			
Net interest income - FTE	  	4,822,224	 	 	4,748,431	 	 	73,793	 	 	1.6	 	
Noninterest income	  	3,428,684	 	 	3,468,372	 	 	(39,688	)	 	(1.1	)	
	  	 	 	 	 	 	 			 			
Total revenue - FTE	  	$8,250,908	 	 	$8,216,803	 	 	$34,105	 	 	0.4	 	

SELECTED AVERAGE BALANCES (Dollars in millions)	  			 			 			 			
					
Average loans	  			 			 			 			
Commercial-FTE	  	$34,194	 	 	$33,836	 	 	$358	 	 	1.1	%	
Real estate home equity lines	  	14,031	 	 	13,565	 	 	466	 	 	3.4	 	
Real estate construction	  	13,520	 	 	12,334	 	 	1,186	 	 	9.6	 	
Real estate 1-4 family	  	31,951	 	 	33,524	 	 	(1,573	)	 	(4.7	)	
Real estate commercial	  	12,803	 	 	12,804	 	 	(1	)	 	-	 	
Credit card	  	496	 	 	315	 	 	181	 	 	57.3	 	
Consumer - direct	  	4,221	 	 	4,461	 	 	(240	)	 	(5.4	)	
Consumer - indirect	  	8,018	 	 	8,376	 	 	(358	)	 	(4.3	)	
Nonaccrual and restructured	  	847	 	 	430	 	 	417	 	 	96.9	 	
	  	 	 	 	 	 	 			 			
Total loans	  	$120,081	 	 	$119,645	 	 	$435	 	 	0.4	%	

Average deposits	  			 			 			 			
Noninterest bearing deposits	  	$21,677	 	 	$23,312	 	 	($1,635	)	 	(7.0	)%	
NOW accounts	  	20,043	 	 	17,214	 	 	2,828	 	 	16.4	 	
Money market accounts	  	22,677	 	 	24,508	 	 	(1,831	)	 	(7.5	)	
Savings	  	4,609	 	 	5,371	 	 	(762	)	 	(14.2	)	
Consumer and other time	  	29,015	 	 	26,770	 	 	2,245	 	 	8.4	 	
	  	 	 	 	 	 	 			 			
Total consumer and commercial deposits	  	98,021	 	 	97,175	 	 	846	 	 	0.9	 	
Brokered and foreign deposits	  	21,856	 	 	26,490	 	 	(4,634	)	 	(17.5	)	
	  	 	 	 	 	 	 			 			
Total deposits	  	$119,877	 	 	$123,665	 	 	($3,789	)	 	(3.1	)%	

1	“NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.	
 
Page 15

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

 
																			
 	  	Three Months Ended	 	 	Twelve Months Ended	 	
 	  	December 31
2007	 	 	December 31
2006	 	 	%
Change 3	 	 	December 31
2007	 	 	December 31
2006	 	 	%
Change 3	 	
Statements of Income	  			 			 			 			 			 			
							
Net interest income	  	$554,149	 	 	$591,210	 	 	(6.3	)%	 	$2,286,775	 	 	$2,344,972	 	 	(2.5	)%	
FTE adjustment	  	32	 	 	41	 	 	(22.0	)	 	136	 	 	116	 	 	17.2	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income - FTE	  	554,181	 	 	591,251	 	 	(6.3	)	 	2,286,911	 	 	2,345,088	 	 	(2.5	)	
Provision for loan losses 1	  	101,183	 	 	40,944	 	 	NM	 	 	266,566	 	 	105,985	 	 	NM	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income after provision for loan losses - FTE	  	452,998	 	 	550,307	 	 	(17.7	)	 	2,020,345	 	 	2,239,103	 	 	(9.8	)	

Noninterest income before securities gains/(losses)	  	292,418	 	 	257,962	 	 	13.4	 	 	1,103,870	 	 	1,050,858	 	 	5.0	 	
Securities gains/(losses), net	  	-	 	 	(3	)	 	(100.0	)	 	3	 	 	(3	)	 	NM	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest income	  	292,418	 	 	257,959	 	 	13.4	 	 	1,103,873	 	 	1,050,855	 	 	5.0	 	

Noninterest expense before amortization of intangible assets	  	533,542	 	 	511,977	 	 	4.2	 	 	2,112,887	 	 	2,080,549	 	 	1.6	 	
Amortization of intangible assets	  	15,707	 	 	19,538	 	 	(19.6	)	 	68,917	 	 	84,168	 	 	(18.1	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest expense	  	549,249	 	 	531,515	 	 	3.3	 	 	2,181,804	 	 	2,164,717	 	 	0.8	 	

Income before provision for income taxes	  	196,167	 	 	276,751	 	 	(29.1	)	 	942,414	 	 	1,125,241	 	 	(16.2	)	
Provision for income taxes	  	69,761	 	 	100,188	 	 	(30.4	)	 	340,147	 	 	409,549	 	 	(16.9	)	
FTE adjustment	  	32	 	 	41	 	 	(22.0	)	 	136	 	 	116	 	 	17.2	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net income	  	$126,374	 	 	$176,522	 	 	(28.4	)	 	$602,131	 	 	$715,576	 	 	(15.9	)	

Total revenue - FTE	  	$846,599	 	 	$849,210	 	 	(0.3	)	 	$3,390,784	 	 	$3,395,943	 	 	(0.2	)	
							
Selected Average Balances	  			 			 			 			 			 			
							
Total loans	  	$31,953,928	 	 	$31,029,722	 	 	3.0	%	 	$31,712,896	 	 	$30,888,055	 	 	2.7	%	
Goodwill	  	4,893,544	 	 	4,897,138	 	 	(0.1	)	 	4,895,165	 	 	4,891,911	 	 	0.1	 	
Other intangible assets excluding MSRs	  	177,747	 	 	249,811	 	 	(28.8	)	 	203,371	 	 	280,829	 	 	(27.6	)	
Total assets	  	38,532,232	 	 	37,480,928	 	 	2.8	 	 	38,007,827	 	 	37,772,328	 	 	0.6	 	
Total deposits	  	67,537,884	 	 	69,541,644	 	 	(2.9	)	 	68,236,072	 	 	68,997,610	 	 	(1.1	)	
							
Shareholders’ equity is not allocated at this time 2	  			 			 			 			 			 			
							
Performance Ratios	  			 			 			 			 			 			
							
Efficiency ratio	  	64.88	%	 	62.59	%	 			 	64.35	%	 	63.74	%	 			
Impact of excluding amortization of intangible assets	  	(5.84	)	 	(6.06	)	 			 	(5.90	)	 	(6.27	)	 			
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Tangible efficiency ratio	  	59.04	%	 	56.53	%	 			 	58.45	%	 	57.47	%	 			

1	Provision for loan losses represents net charge-offs for the lines of business.	

2	Shareholders’ equity is not allocated to the lines of business at this time; business line performance does not include the funding benefit that would result from holding shareholders’ equity at the line of business level.	

3	“NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.	
 
Page 16

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

 
																			
 	  	Three Months Ended	 	 	Twelve Months Ended	 	
 	  	December 31
2007	 	 	December 31
2006	 	 	%
Change 3	 	 	December 31
2007	 	 	December 31
2006	 	 	%
Change 3	 	
Statements of Income	  			 			 			 			 			 			
Net interest income	  	$212,617	 	 	$228,637	 	 	(7.0	)%	 	$870,321	 	 	$916,699	 	 	(5.1	)%	
FTE adjustment	  	8,939	 	 	10,570	 	 	(15.4	)	 	37,144	 	 	40,942	 	 	(9.3	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income-FTE	  	221,556	 	 	239,207	 	 	(7.4	)	 	907,465	 	 	957,641	 	 	(5.2	)	
Provision for loan losses 1	  	8,506	 	 	2,493	 	 	NM	 	 	22,187	 	 	9,701	 	 	NM	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income after provision for loan losses-FTE	  	213,050	 	 	236,714	 	 	(10.0	)	 	885,278	 	 	947,940	 	 	(6.6	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Noninterest income before securities gains/(losses)	  	78,930	 	 	72,250	 	 	9.2	 	 	298,564	 	 	284,053	 	 	5.1	 	
Securities gains/(losses), net	  	-	 	 	-	 	 	-	 	 	-	 	 	-	 	 	-	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest income	  	78,930	 	 	72,250	 	 	9.2	 	 	298,564	 	 	284,053	 	 	5.1	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Noninterest expense before amortization of intangible assets	  	220,319	 	 	175,818	 	 	25.3	 	 	721,215	 	 	679,725	 	 	6.1	 	
Amortization of intangible assets	  	-	 	 	-	 	 	-	 	 	-	 	 	-	 	 	-	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest expense	  	220,319	 	 	175,818	 	 	25.3	 	 	721,215	 	 	679,725	 	 	6.1	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Income before provision/(benefit) for income taxes	  	71,661	 	 	133,146	 	 	(46.2	)	 	462,627	 	 	552,268	 	 	(16.2	)	
Provision/(benefit) for income taxes	  	(5,861	)	 	16,730	 	 	NM	 	 	52,388	 	 	86,869	 	 	(39.7	)	
FTE adjustment	  	8,939	 	 	10,570	 	 	(15.4	)	 	37,144	 	 	40,942	 	 	(9.3	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net income	  	$68,583	 	 	$105,846	 	 	(35.2	)	 	$373,095	 	 	$424,457	 	 	(12.1	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total revenue-FTE	  	$300,486	 	 	$311,457	 	 	(3.5	)	 	$1,206,029	 	 	$1,241,694	 	 	(2.9	)	
Selected Average Balances	  			 			 			 			 			 			
Total loans	  	$32,793,163	 	 	$32,695,543	 	 	0.3	%	 	$32,980,016	 	 	$32,532,812	 	 	1.4	%	
Goodwill	  	1,272,574	 	 	1,263,946	 	 	0.7	 	 	1,264,935	 	 	1,263,760	 	 	0.1	 	
Other intangible assets excluding MSRs	  	-	 	 	-	 	 	-	 	 	-	 	 	-	 	 	-	 	
Total assets	  	35,248,142	 	 	35,181,220	 	 	0.2	 	 	35,415,346	 	 	35,000,439	 	 	1.2	 	
Total deposits	  	15,082,083	 	 	14,231,977	 	 	6.0	 	 	14,408,278	 	 	13,799,301	 	 	4.4	 	
Shareholders’ equity is not allocated at this time 2	  			 			 			 			 			 			
Performance Ratios	  			 			 			 			 			 			
Efficiency ratio	  	73.32	%	 	56.45	%	 			 	59.80	%	 	54.74	%	 			
Impact of excluding amortization of intangible assets	  	(3.34	)	 	(2.40	)	 			 	(2.63	)	 	(2.31	)	 			
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Tangible efficiency ratio	  	69.98	%	 	54.05	%	 			 	57.17	%	 	52.43	%	 			

1	Provision for loan losses represents net charge-offs for the lines of business.	

2	Shareholders’ equity is not allocated to the lines of business at this time; business line performance does not include the funding benefit that would result from holding shareholders’ equity at the line of business level.	

3	“NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.	
 
Page 17

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

 
																			
 	  	Three Months Ended	 	 	Twelve Months Ended	 	
 	  	December 31
2007	 	 	December 31
2006	 	 	%
Change 3	 	 	December 31
2007	 	 	December 31
2006	 	 	%
Change 3	 	
Statements of Income	  			 			 			 			 			 			
Net interest income	  	$42,353	 	 	$45,032	 	 	(5.9	)%	 	$174,848	 	 	$203,132	 	 	(13.9	)%	
FTE adjustment	  	13,535	 	 	9,271	 	 	46.0	 	 	47,481	 	 	31,449	 	 	51.0	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income-FTE	  	55,888	 	 	54,303	 	 	2.9	 	 	222,329	 	 	234,581	 	 	(5.2	)	
Provision for loan losses 1	  	7,277	 	 	108,979	 	 	(93.3	)	 	37,722	 	 	113,933	 	 	(66.9	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income after provision for loan losses-FTE	  	48,611	 	 	(54,676	)	 	NM	 	 	184,607	 	 	120,648	 	 	53.0	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Noninterest income before securities gains/(losses)	  	(13,800	)	 	210,299	 	 	NM	 	 	377,980	 	 	667,930	 	 	(43.4	)	
Securities gains/(losses), net	  	-	 	 	-	 	 	-	 	 	-	 	 	(360	)	 	(100.0	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest income	  	(13,800	)	 	210,299	 	 	NM	 	 	377,980	 	 	667,570	 	 	(43.4	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Noninterest expense before amortization of intangible assets	  	121,741	 	 	124,311	 	 	(2.1	)	 	489,274	 	 	491,860	 	 	(0.5	)	
Amortization of intangible assets	  	122	 	 	122	 	 	-	 	 	488	 	 	488	 	 	-	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest expense	  	121,863	 	 	124,433	 	 	(2.1	)	 	489,762	 	 	492,348	 	 	(0.5	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Income/(loss) before provision/(benefit) for income taxes	  	(87,052	)	 	31,190	 	 	NM	 	 	72,825	 	 	295,870	 	 	(75.4	)	
Provision/(benefit) for income taxes	  	(46,322	)	 	(2,563	)	 	NM	 	 	(20,254	)	 	74,266	 	 	NM	 	
FTE adjustment	  	13,535	 	 	9,271	 	 	46.0	 	 	47,481	 	 	31,449	 	 	51.0	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net income/(loss)	  	($54,265	)	 	$24,482	 	 	NM	 	 	$45,598	 	 	$190,155	 	 	(76.0	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total revenue-FTE	  	$42,088	 	 	$264,602	 	 	(84.1	)	 	$600,309	 	 	$902,151	 	 	(33.5	)	
Selected Average Balances	  			 			 			 			 			 			
Total loans	  	$16,492,416	 	 	$16,550,880	 	 	(0.4	)%	 	$15,990,281	 	 	$16,409,685	 	 	(2.6	)%	
Goodwill	  	147,459	 	 	147,552	 	 	(0.1	)	 	147,465	 	 	147,571	 	 	(0.1	)	
Other intangible assets excluding MSRs	  	919	 	 	1,402	 	 	(34.5	)	 	1,101	 	 	1,840	 	 	(40.2	)	
Total assets	  	25,621,440	 	 	24,418,181	 	 	4.9	 	 	24,353,571	 	 	23,881,973	 	 	2.0	 	
Total deposits	  	5,229,686	 	 	2,867,542	 	 	82.4	 	 	3,574,330	 	 	3,104,984	 	 	15.1	 	
Shareholders’ equity is not allocated at this time 2	  			 			 			 			 			 			
Performance Ratios	  			 			 			 			 			 			
Efficiency ratio	  	289.54	%	 	47.03	%	 			 	81.58	%	 	54.57	%	 			
Impact of excluding amortization of intangible assets	  	(11.34	)	 	(0.34	)	 			 	(0.95	)	 	(0.44	)	 			
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Tangible efficiency ratio	  	278.20	%	 	46.69	%	 			 	80.63	%	 	54.13	%	 			

1	Provision for loan losses represents net charge-offs for the lines of business.	

2	Shareholders’ equity is not allocated to the lines of business at this time; business line performance does not include the funding benefit that would result from holding shareholders’ equity at the line of business level.	

3	“NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.	
 
Page 18

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

 
																			
 	  	Three Months Ended	 	 	Twelve Months Ended	 	
 	  	December 31
2007	 	 	December 31
2006	 	 	%
Change 3	 	 	December 31
2007	 	 	December 31
2006	 	 	%
Change 3	 	
Statements of Income	  			 			 			 			 			 			
Net interest income	  	$129,322	 	 	$149,452	 	 	(13.5	)%	 	$527,079	 	 	$603,116	 	 	(12.6	)%	
FTE adjustment	  	-	 	 	-	 	 	-	 	 	-	 	 	-	 	 	-	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income-FTE	  	129,322	 	 	149,452	 	 	(13.5	)	 	527,079	 	 	603,116	 	 	(12.6	)	
Provision for loan losses 1	  	46,163	 	 	3,013	 	 	NM	 	 	81,157	 	 	8,748	 	 	NM	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income after provision for loan losses-FTE	  	83,159	 	 	146,439	 	 	(43.2	)	 	445,922	 	 	594,368	 	 	(25.0	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Noninterest income before securities gains/(losses)	  	100,387	 	 	56,220	 	 	78.6	 	 	365,746	 	 	375,057	 	 	(2.5	)	
Securities gains/(losses), net	  	-	 	 	4,367	 	 	(100.0	)	 	-	 	 	4,367	 	 	(100.0	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest income	  	100,387	 	 	60,587	 	 	65.7	 	 	365,746	 	 	379,424	 	 	(3.6	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Noninterest expense before amortization of intangible assets	  	237,627	 	 	147,470	 	 	61.1	 	 	820,740	 	 	598,617	 	 	37.1	 	
Amortization of intangible assets	  	763	 	 	763	 	 	-	 	 	3,053	 	 	3,053	 	 	-	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest expense	  	238,390	 	 	148,233	 	 	60.8	 	 	823,793	 	 	601,670	 	 	36.9	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Income/(loss) before provision/(benefit) for income taxes	  	(54,844	)	 	58,793	 	 	NM	 	 	(12,125	)	 	372,122	 	 	NM	 	
Provision/(benefit) for income taxes	  	(24,848	)	 	16,892	 	 	NM	 	 	(20,053	)	 	126,413	 	 	NM	 	
FTE adjustment	  	-	 	 	-	 	 	-	 	 	-	 	 	-	 	 	-	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net income/(loss)	  	($29,996	)	 	$41,901	 	 	NM	 	 	$7,928	 	 	$245,709	 	 	(96.8	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total revenue-FTE	  	$229,709	 	 	$210,039	 	 	9.4	 	 	$892,825	 	 	$982,540	 	 	(9.1	)	
Selected Average Balances	  			 			 			 			 			 			
Total loans	  	$31,328,575	 	 	$32,330,762	 	 	(3.1	)%	 	$30,805,460	 	 	$31,232,994	 	 	(1.4	)%	
Goodwill	  	276,598	 	 	275,557	 	 	0.4	 	 	276,459	 	 	269,374	 	 	2.6	 	
Other intangible assets excluding MSRs	  	2,014	 	 	5,034	 	 	(60.0	)	 	3,151	 	 	6,173	 	 	(49.0	)	
Total assets	  	44,820,010	 	 	44,535,299	 	 	0.6	 	 	45,554,333	 	 	42,014,601	 	 	8.4	 	
Total deposits	  	2,048,331	 	 	1,949,280	 	 	5.1	 	 	2,136,678	 	 	1,810,720	 	 	18.0	 	
Shareholders’ equity is not allocated at this time 2	  			 			 			 			 			 			
Performance Ratios	  			 			 			 			 			 			
Efficiency ratio	  	103.78	%	 	70.57	%	 			 	92.27	%	 	61.24	%	 			
Impact of excluding amortization of intangible assets	  	(1.73	)	 	(1.37	)	 			 	(1.59	)	 	(1.05	)	 			
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Tangible efficiency ratio	  	102.05	%	 	69.20	%	 			 	90.68	%	 	60.19	%	 			
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Other Information	  			 			 			 			 			 			
Production Data	  			 			 			 			 			 			
Channel mix	  			 			 			 			 			 			
Retail	  	$4,937,847	 	 	$6,101,389	 	 	(19.1	)%	 	$23,190,416	 	 	$23,894,336	 	 	(2.9	)%	
Wholesale	  	5,128,463	 	 	5,629,254	 	 	(8.9	)	 	21,604,003	 	 	19,455,346	 	 	11.0	 	
Correspondent	  	2,879,608	 	 	3,327,698	 	 	(13.5	)	 	13,552,369	 	 	12,027,244	 	 	12.7	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total production	  	$12,945,918	 	 	$15,058,341	 	 	(14.0	)	 	$58,346,788	 	 	$55,376,926	 	 	5.4	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Channel mix-percent	  			 			 			 			 			 			
Retail	  	38	%	 	41	%	 			 	40	%	 	43	%	 			
Wholesale	  	40	 	 	37	 	 			 	37	 	 	35	 	 			
Correspondent	  	22	 	 	22	 	 			 	23	 	 	22	 	 			
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total production	  	100	%	 	100	%	 			 	100	%	 	100	%	 			
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Purchase and refinance mix	  			 			 			 			 			 			
Refinance	  	$5,518,486	 	 	$7,023,225	 	 	(21.4	)	 	$25,073,101	 	 	$21,185,623	 	 	18.3	 	
Purchase	  	7,427,432	 	 	8,035,116	 	 	(7.6	)	 	33,273,687	 	 	34,191,303	 	 	(2.7	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total production	  	$12,945,918	 	 	$15,058,341	 	 	(14.0	)	 	$58,346,788	 	 	$55,376,926	 	 	5.4	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Purchase and refinance mix-percent	  			 			 			 			 			 			
Refinance	  	43	%	 	47	%	 			 	43	%	 	38	%	 			
Purchase	  	57	 	 	53	 	 			 	57	 	 	62	 	 			
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total production	  	100	%	 	100	%	 			 	100	%	 	100	%	 			
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Applications	  	$21,676,536	 	 	$23,049,540	 	 	(6.0	)	 	$91,892,599	 	 	$86,958,077	 	 	5.7	 	
Mortgage Servicing Data (End of Period)	  			 			 			 			 			 			
Total loans serviced	  	$149,857,226	 	 	$129,976,337	 	 	15.3	%	 			 			 			
Total loans serviced for others	  	114,635,081	 	 	91,543,434	 	 	25.2	 	 			 			 			
Net carrying value of MSRs	  	1,049,426	 	 	810,509	 	 	29.5	 	 			 			 			
Ratio of net carrying value of MSRs to total loans serviced for others	  	0.915	%	 	0.885	%	 			 			 			 			

1	Provision for loan losses represents net charge-offs for the lines of business.	

2	Shareholders’ equity is not allocated to the lines of business at this time; business line performance does not include the funding benefit that would result from holding shareholders’ equity at the line of business level.	

3	“NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.	
 
Page 19

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

 
																			
 	  	Three Months Ended	 	 	Twelve Months Ended	 	
 	  	December 31
2007	 	 	December 31
2006	 	 	%
Change 3	 	 	December 31
2007	 	 	December 31
2006	 	 	%
Change 3	 	
Statements of Income	  			 			 			 			 			 			
							
Net interest income	  	$84,362	 	 	$94,339	 	 	(10.6	)%	 	$347,052	 	 	$369,484	 	 	(6.1	)%	
FTE adjustment	  	13	 	 	18	 	 	(27.8	)	 	54	 	 	71	 	 	(23.9	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income - FTE	  	84,375	 	 	94,357	 	 	(10.6	)	 	347,106	 	 	369,555	 	 	(6.1	)	
Provision for loan losses 1	  	2,594	 	 	2,017	 	 	28.6	 	 	8,519	 	 	3,696	 	 	NM	 	

Net interest income after provision for loan losses - FTE	  	81,781	 	 	92,340	 	 	(11.4	)	 	338,587	 	 	365,859	 	 	(7.5	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Noninterest income before securities gains/(losses)	  	17,314	 	 	252,130	 	 	(93.1	)	 	807,947	 	 	1,096,116	 	 	(26.3	)	
Securities gains/(losses), net	  	-	 	 	(16	)	 	(100.0	)	 	8	 	 	(70	)	 	NM	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest income	  	17,314	 	 	252,114	 	 	(93.1	)	 	807,955	 	 	1,096,046	 	 	(26.3	)	

Noninterest expense before amortization of intangible assets	  	242,005	 	 	243,999	 	 	(0.8	)	 	985,147	 	 	986,977	 	 	(0.2	)	
Amortization of intangible assets	  	6,719	 	 	3,662	 	 	83.5	 	 	23,456	 	 	14,630	 	 	60.3	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest expense	  	248,724	 	 	247,661	 	 	0.4	 	 	1,008,603	 	 	1,001,607	 	 	0.7	 	

Income/(loss) before provision/(benefit) for income taxes	  	(149,629	)	 	96,793	 	 	NM	 	 	137,939	 	 	460,298	 	 	(70.0	)	
Provision/(benefit) for income taxes	  	(52,793	)	 	35,645	 	 	NM	 	 	52,989	 	 	171,070	 	 	(69.0	)	
FTE adjustment	  	13	 	 	18	 	 	(27.8	)	 	54	 	 	71	 	 	(23.9	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net income/(loss)	  	($96,849	)	 	$61,130	 	 	NM	 	 	$84,896	 	 	$289,157	 	 	(70.6	)	

Total revenue - FTE	  	$101,689	 	 	$346,471	 	 	(70.7	)	 	$1,155,061	 	 	$1,465,601	 	 	(21.2	)	
							
Selected Average Balances	  			 			 			 			 			 			
							
Total loans	  	$7,795,906	 	 	$8,200,195	 	 	(4.9	)%	 	$7,965,365	 	 	$8,135,370	 	 	(2.1	)%	
Goodwill	  	322,505	 	 	307,535	 	 	4.9	 	 	316,366	 	 	304,497	 	 	3.9	 	
Other intangible assets excluding MSRs	  	131,775	 	 	120,649	 	 	9.2	 	 	129,995	 	 	122,729	 	 	5.9	 	
Total assets	  	8,836,208	 	 	9,037,040	 	 	(2.2	)	 	8,901,646	 	 	8,933,309	 	 	(0.4	)	
Total deposits	  	9,861,019	 	 	10,047,149	 	 	(1.9	)	 	9,780,563	 	 	9,477,307	 	 	3.2	 	
							
Shareholders’ equity is not allocated at this time 2	  			 			 			 			 			 			
							
Performance Ratios	  			 			 			 			 			 			
							
Efficiency ratio	  	244.59	%	 	71.48	%	 			 	87.32	%	 	68.34	%	 			
Impact of excluding amortization of intangible assets	  	(18.01	)	 	(2.00	)	 			 	(3.45	)	 	(1.84	)	 			
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Tangible efficiency ratio	  	226.58	%	 	69.48	%	 			 	83.87	%	 	66.50	%	 			

Other Information (End of Period)	  			 			 			 			 			 			
							
Assets under administration	  			 			 			 			 			 			
Managed (discretionary) assets	  	$142,844,803	 	 	$141,295,195	 	 	1.1	%	 			 			 			
Non-managed assets	  	60,903,024	 	 	57,729,842	 	 	5.5	 	 			 			 			
	  	 	 	 	 	 	 			 			 			 			
Total assets under administration	  	203,747,827	 	 	199,025,037	 	 	2.4	 	 			 			 			

Brokerage assets	  	41,576,425	 	 	39,255,777	 	 	5.9	 	 			 			 			
Corporate trust assets	  	4,742,003	 	 	7,819,848	 	 	(39.4	)	 			 			 			
	  	 	 	 	 	 	 			 			 			 			
Total assets under advisement	  	$250,066,255	 	 	$246,100,662	 	 	1.6	 	 			 			 			

1	Provision for loan losses represents net charge-offs for the lines of business.	

2	Shareholders’ equity is not allocated to the lines of business at this time; business line performance does not include the funding benefit that would result from holding shareholders’ equity at the line of business level.	

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

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

 
																			
 	  	Three Months Ended	 	 	Twelve Months Ended	 	
 	  	December 31
2007	 	 	December 31
2006	 	 	%
Change 2	 	 	December 31
2007	 	 	December 31
2006	 	 	%
Change 2	 	
Statements of Income	  			 			 			 			 			 			
							
Net interest income	  	$144,710	 	 	$52,619	 	 	NM	%	 	$513,469	 	 	$223,062	 	 	NM 	%	
FTE adjustment	  	4,725	 	 	3,977	 	 	18.8	 	 	17,865	 	 	15,388	 	 	16.1	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income - FTE	  	149,435	 	 	56,596	 	 	NM	 	 	531,334	 	 	238,450	 	 	NM	 	
Provision for loan losses 1	  	191,058	 	 	(41,640	)	 	NM	 	 	248,771	 	 	20,473	 	 	NM	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income after provision for loan losses - FTE	  	(41,623	)	 	98,236	 	 	NM	 	 	282,563	 	 	217,977	 	 	29.6	 	

Noninterest income before securities gains/(losses)	  	95,074	 	 	(1,672	)	 	NM	 	 	231,460	 	 	44,835	 	 	NM	 	
Securities gains/(losses), net	  	5,694	 	 	31,029	 	 	(81.6	)	 	243,106	 	 	(54,411	)	 	NM	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest income	  	100,768	 	 	29,357	 	 	NM	 	 	474,566	 	 	(9,576	)	 	NM	 	

Noninterest expense before amortization of intangible assets	  	76,693	 	 	5,898	 	 	NM	 	 	7,834	 	 	(61,094	)	 	NM	 	
Amortization of intangible assets	  	103	 	 	219	 	 	(53.0	)	 	766	 	 	887	 	 	(13.6	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest expense	  	76,796	 	 	6,117	 	 	NM	 	 	8,600	 	 	(60,207	)	 	NM	 	

Income/(loss) before provision/(benefit) for income taxes	  	(17,651	)	 	121,476	 	 	NM	 	 	748,529	 	 	268,608	 	 	NM	 	
Provision/(benefit) for income taxes	  	(19,653	)	 	21,026	 	 	NM	 	 	210,297	 	 	803	 	 	NM	 	
FTE adjustment	  	4,725	 	 	3,977	 	 	18.8	 	 	17,865	 	 	15,388	 	 	16.1	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net income/(loss)	  	($2,723	)	 	$96,473	 	 	NM	 	 	$520,367	 	 	$252,417	 	 	NM	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total revenue - FTE	  	$250,203	 	 	$85,953	 	 	NM	 	 	$1,005,900	 	 	$228,874	 	 	NM	 	
							
Measures excluding securities gains/(losses), net 3	  			 			 			 			 			 			
							
Total revenue - FTE	  	$250,203	 	 	$85,953	 	 	NM	 	 	$1,005,900	 	 	$228,874	 	 	NM	 	
Securities (gains)/losses, net	  	(5,694	)	 	(31,029	)	 	(81.6	)	 	(243,106	)	 	54,411	 	 	NM	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total revenue - FTE excluding net securities (gains)/losses	  	$244,509	 	 	$54,924	 	 	NM	 	 	$762,794	 	 	$283,285	 	 	NM	 	

Net income/(loss)	  	($2,723	)	 	$96,473	 	 	NM	 	 	$520,367	 	 	$252,417	 	 	NM	 	
Securities (gains)/losses, net of tax	  	(3,530	)	 	(19,238	)	 	(81.6	)	 	(150,726	)	 	33,735	 	 	NM	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net income/(loss) excluding net securities (gains)/losses, net of tax	  	($6,253	)	 	$77,235	 	 	NM	 	 	$369,641	 	 	$286,152	 	 	29.2	 	

Selected Average Balances	  			 			 			 			 			 			
							
Total loans	  	$730,354	 	 	$556,735	 	 	31.2	%	 	$626,533	 	 	$446,247	 	 	40.4	%	
Securities available for sale	  	13,715,798	 	 	22,998,944	 	 	(40.4	)	 	17,197,201	 	 	24,276,341	 	 	(29.2	)	
Goodwill	  	(36	)	 	4,771	 	 	NM	 	 	5,400	 	 	6,897	 	 	(21.7	)	
Other intangible assets excluding MSRs	  	4,580	 	 	5,403	 	 	(15.2	)	 	4,869	 	 	5,733	 	 	(15.1	)	
Total assets	  	22,072,432	 	 	31,690,606	 	 	(30.4	)	 	25,562,795	 	 	32,712,496	 	 	(21.9	)	
							
Total deposits (mainly brokered and foreign)	  	15,606,504	 	 	26,039,507	 	 	(40.1	)	 	21,740,646	 	 	26,475,572	 	 	(17.9	)	

 	  	December 31
2007	 	 	September 30
2007	 	 	 	 	 	 	 	 	 	 	 	 	 	
							
Other Information	  			 			 			 			 			 			
							
Duration of investment portfolio	  	3.8	%	 	4.6	%	 			 			 			 			
							
Accounting net interest income interest rate sensitivity 4 :	  			 			 			 			 			 			
% Change in net interest income under:	  			 			 			 			 			 			
Instantaneous 100 bp increase in rates over next 12 months	  	0.1	%	 	0.6	%	 			 			 			 			
Instantaneous 100 bp decrease in rates over next 12 months	  	(0.8	) %	 	(0.9	)%	 			 			 			 			
							
Economic net interest income interest rate sensitivity 4 :	  			 			 			 			 			 			
% Change in net interest income under:	  			 			 			 			 			 			
Instantaneous 100 bp increase in rates over next 12 months	  	(1.0	) %	 	(0.6	)%	 			 			 			 			
Instantaneous 100 bp decrease in rates over next 12 months	  	0.3	%	 	0.2	%	 			 			 			 			

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 excluding realized securities gains/losses. The Company believes total revenue 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.	

4	The recognition of interest rate sensitivity from an accounting perspective is different from the economic perspective due to the election of fair value accounting for the related interest rate swaps. The net interest income sensitivity profile from an economic perspective assumes the net interest payments from the related swaps were included in margin.	
 
Page 21

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

 
																			
 	  	Three Months Ended	 	 	Twelve Months Ended	 	
 	  	December 31
2007	 	 	December 31
2006	 	 	%
Change 1	 	 	December 31
2007	 	 	December 31
2006	 	 	%
Change 1	 	
							
Statements of Income	  			 			 			 			 			 			
							
Net interest income	  	$1,167,513	 	 	$1,161,289	 	 	0.5	%	 	$4,719,544	 	 	$4,660,465	 	 	1.3	%	
FTE adjustment	  	27,244	 	 	23,877	 	 	14.1	 	 	102,680	 	 	87,966	 	 	16.7	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income - FTE	  	1,194,757	 	 	1,185,166	 	 	0.8	 	 	4,822,224	 	 	4,748,431	 	 	1.6	 	
Provision for loan losses	  	356,781	 	 	115,806	 	 	NM	 	 	664,922	 	 	262,536	 	 	NM	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income after provision for loan losses - FTE	  	837,976	 	 	1,069,360	 	 	(21.6	)	 	4,157,302	 	 	4,485,895	 	 	(7.3	)	

Noninterest income before securities gains/(losses)	  	570,323	 	 	847,189	 	 	(32.7	)	 	3,185,567	 	 	3,518,849	 	 	(9.5	)	
Securities gains/(losses), net	  	5,694	 	 	35,377	 	 	(83.9	)	 	243,117	 	 	(50,477	)	 	NM	 	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest income	  	576,017	 	 	882,566	 	 	(34.7	)	 	3,428,684	 	 	3,468,372	 	 	(1.1	)	

Noninterest expense before amortization of intangible assets	  	1,431,927	 	 	1,209,473	 	 	18.4	 	 	5,137,097	 	 	4,776,634	 	 	7.5	 	
Amortization of intangible assets	  	23,414	 	 	24,304	 	 	(3.7	)	 	96,680	 	 	103,226	 	 	(6.3	)	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest expense	  	1,455,341	 	 	1,233,777	 	 	18.0	 	 	5,233,777	 	 	4,879,860	 	 	7.3	 	

Income/(loss) before provision/(benefit) for income taxes	  	(41,348	)	 	718,149	 	 	NM	 	 	2,352,209	 	 	3,074,407	 	 	(23.5	)	
Provision/(benefit) for income taxes	  	(79,716	)	 	187,918	 	 	NM	 	 	615,514	 	 	868,970	 	 	(29.2	)	
FTE adjustment	  	27,244	 	 	23,877	 	 	14.1	 	 	102,680	 	 	87,966	 	 	16.7	 	

Net income	  	$11,124	 	 	$506,354	 	 	(97.8	)	 	$1,634,015	 	 	$2,117,471	 	 	(22.8	)	

Total revenue - FTE	  	$1,770,774	 	 	$2,067,732	 	 	(14.4	)	 	$8,250,908	 	 	$8,216,803	 	 	0.4	 	
							
Selected Average Balances	  			 			 			 			 			 			
							
Total loans	  	$121,094,342	 	 	$121,363,837	 	 	(0.2	)%	 	$120,080,551	 	 	$119,645,163	 	 	0.4	%	
Goodwill	  	6,912,644	 	 	6,896,499	 	 	0.2	 	 	6,905,790	 	 	6,884,010	 	 	0.3	 	
Other intangible assets excluding MSRs	  	317,035	 	 	382,299	 	 	(17.1	)	 	342,487	 	 	417,304	 	 	(17.9	)	
Total assets	  	175,130,464	 	 	182,343,274	 	 	(4.0	)	 	177,795,518	 	 	180,315,146	 	 	(1.4	)	
Total deposits	  	115,365,507	 	 	124,677,099	 	 	(7.5	)	 	119,876,567	 	 	123,665,494	 	 	(3.1	)	
							
Performance Ratios	  			 			 			 			 			 			
							
Efficiency ratio	  	82.19	%	 	59.67	%	 			 	63.43	%	 	59.39	%	 			
Impact of excluding amortization of intangible assets	  	(1.33	)	 	(1.18	)	 			 	(1.17	)	 	(1.26	)	 			
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Tangible efficiency ratio	  	80.86	%	 	58.49	%	 			 	62.26	%	 	58.13	%	 			

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

SunTrust Banks, Inc.
4Q 2007 Earnings Presentation
January 23, 2008
Exhibit 99.2	

1
The following should be read in conjunction with the financial statements, notes and other information contained in the Company’s 2006 Annual Report on Form 10-K, Quarterly
Reports 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 do not describe historical or current facts, including statements about beliefs and
expectations,
and
in
particular
the
outlook
statements
provided
at
slides
22-23,
are
forward-looking
statements.
These
statements
often
include
the
words
“may,”
“could,”
“will,”
“should,”
“believes,”
“expects,”
“anticipates,”
“estimates,”
“intends,”
“plans,”
“targets,”
“initiatives,”
“potentially,”
“probably,”
“projects,”
“outlook”
or similar expressions.  Such statements are based
upon the current beliefs and expectations of SunTrust's management and on information currently available to management.  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 are subject to significant risks and uncertainties.  Investors are cautioned against placing undue reliance on such statements.  Actual results may differ
materially from those set forth in the forward-looking statements.  Factors that could cause SunTrust’s results to differ materially from those described in the forward-looking statements
can be found in the Company's 2006 Annual Report on Form 10-K, in the 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:
(1)
adverse
changes
in
general
business or economic conditions could have a material adverse effect on our financial condition and results of operations; (2) 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; (3) the fiscal and monetary policies of the federal government and its
agencies could have a material adverse effect on our earnings; (4) changes in securities markets or markets for commercial or residential real estate could harm our revenues and
profitability; (5) customers could pursue alternatives to bank deposits, causing us to lose a relatively inexpensive source of funding; (6) customers may decide not to use banks to
complete their financial transactions, which could affect net income; (7) we have businesses other than banking, which subjects us to a variety of risks; (8) hurricanes and other natural
disasters may adversely affect loan portfolios and operations and increase the cost of doing business; (9) negative public opinion could damage our reputation and adversely impact our
business; (10) we rely on other companies for key components of our business infrastructure; (11) we rely on our systems, employees and certain counterparties, and certain failures
could
materially
adversely
affect
our
operations;
(12)
we
depend
on
the
accuracy
and
completeness
of
information
about
clients
and
counterparties;
(13)
regulation
by
federal
and
state
agencies could adversely affect our business, revenues, and profit margins; (14) competition in the financial services industry is intense and could result in losing business or reducing
profit
margins;
(15)
future
legislation
could
harm
our
competitive
position;
(16)
maintaining
or
increasing
market
share
depends
on
market
acceptance
and
regulatory
approval
of
new
products and services; (17) our ability to receive dividends from our subsidiaries accounts for most of our revenues and could affect our liquidity and ability to pay dividends; (18)
significant legal actions could subject us to substantial uninsured liabilities; (19) 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; (20) we depend on the expertise of key personnel without whom our operations may suffer; (21) 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 our business strategy; (22) our accounting policies and methods are key to how we report financial condition and results of operations, and may require
management to make estimates about matters that are uncertain; (23) changes in our accounting policies or in accounting standards could materially affect how we report our financial
results and condition; (24) our stock price can be volatile; (25) our disclosure controls and procedures may fail to prevent or detect all errors or acts of fraud; (26) our trading assets and
financial instruments carried at fair value expose the Company to certain market risks; (27) weakness in residential property values and mortgage loan markets could adversely affect us;
(28) we may be required to repurchase mortgage loans or indemnify mortgage loan purchasers as a result of breaches of representations and warranties, borrower fraud, or certain
borrower defaults, which could harm our liquidity, results of operations and financial condition; and (29) we may enter into transactions with off-balance sheet entities affiliated with
SunTrust or its subsidiaries which may cause us to recognize current or future losses.	

2
4Q 2007 Financial Performance
Income Statement Summary
($ in millions, except per share data)
4Q 2007             4Q 2006         
2007                 2006
% Change
% Change
Twelve Months Ended Dec 31
Net Interest Income (FTE)
$1,194.8
1%
$4,822.2
2%
Provision for Loan Losses
356.8
208%
664.9
153%
Noninterest
Income
576.0
(35)%
3,428.7
(1)%
Total
Revenue
(FTE)
1,770.8
(14)%
8,250.9
0%
Total Noninterest
Expense
1,455.3
18%
5,233.8
7%
Provision for Income Taxes
(79.7)
NM
615.5
(29)%
Net
Income
Available
to
Common
Shareholders
3.3
(99)%
1,603.7
(24)%
Net Income Per Average Common Diluted Share
$   0.01
(99)%
$     4.55
(22)%
Fourth Quarter Earnings Materially Impacted by Credit and
Market Valuation Write-Downs	

3
1.
Does
not
include
initial
costs,
non-recurring
expense
reductions,
and
non-recurring
gains
associated
with
E
implementation
2.
Total realized expense reductions achieved during 2007
E   Efficiency and Productivity Program: Estimated Gross Cost Savings
1,2
($ in millions)
Gross Cost Savings
For 4Q  
= $75 Million
$0.0
$135.0
$90.0
$45.0
$181.0
2007 Savings of $215.2 Million is 119% of Goal
$215.2
2
2	

4
1.
Does
not
include
initial
costs,
non-recurring
expense
reductions,
or
non-recurring
gains
associated
with
E
implementation
($ in millions)
E  Efficiency and Productivity Program: Estimated Gross Cost Savings
Actual
Goal
Goal
Cumulative Total
2007
2008
2009
Corporate Real Estate
$100
Supplier Management
115
Offshoring/Outsourcing
45
$215            $350            $530
Process Reengineering                    125
Organizational Review                      145
TOTAL
$530
Savings for Fiscal Year 2009 Represent Over 10% of 2006 Expense
Base
2
2
1	

5
Capital & Coca-Cola Stock
Tier 1 Ratio (9/30)
7.44%
Capital Security Redemption     (0.22)
Securities Purchases                  (0.25)
Higher Loan Loss Provision      (0.08)
Other
0.11
Estimated Tier 1 Ratio (12/31) 
7.00%
Tier 1 target remains 7.50%
Tangible equity to tangible assets ratio of 6.28%
Pursuing certain transactions authorized by the BOD regarding our Coca-Cola stock holdings;
under
review
by
the
appropriate
regulatory
and
other
relevant
parties
Under
any
of
the
authorized
transactions,
Tier
1
capital
would
increase
by
approximately
$1
billion
Expect to provide additional detail around these transactions during 2Q 2008
Evaluating the Capital Markets and may issue capital securities during the first quarter
Tier 1 Ratio Fell Below Target at Year End; We Expect to be 
Above Target with Planned Transactions	

6
Financial Topics:  Margin
2.94%
3.02%
3.10%
3.13%
3.18%
4Q 2006
1Q 2007
2Q 2007
3Q 2007
4Q 2007
3Q 2007 Margin
3.18%
Deposit Pricing Pressure
(0.08)
Decline in Earning Asset Yields
(0.14)
Lower Wholesale Funding Costs
0.17
4Q 2007 Margin
3.13%
After Three Quarters of Expansion Totaling 24 bps, Margin
Slipped by 5 bps to 3.13%
1Q 2008 margin is likely to compress slightly due to the securities purchased in 4Q 2007
For the remainder of 2008, we expect margin to stabilize and possibly expand, depending               
upon deposit pricing and volumes, the Libor/Prime relationship, and the level of NPA’s	

7
Financial Topics:  Provision
Provision
$356.8           $147.0        $104.7
Net Charge-Offs
$168.0           $103.7        $  88.3
Net Charge-Off Ratio
0.55%           0.34%         0.30%
Net ALLL Increase                $188.8           $  43.3       $  16.4
Allowance to Loan Ratio       1.05%            0.91%        0.88%
4Q 2007
3Q 2007
2Q 2007
($ in millions)
Provision
Expense
Covers
Charge-Offs
Plus
a
14
bp
Increase
in the Allowance to Loan Ratio	

8
Financial Topics:  Three Pillars Funding
Three Pillars is an off-balance sheet, multi-seller asset-backed commercial paper (ABCP)
program established in 1999 to finance the receivables of SunTrust’s corporate clients
Three Pillars had $7.7 billion in commitments with $4.6 billion of outstanding ABCP on
12/31/2007 supporting 48 client transactions
Client transactions are typically structured to an implied A rating and we have not incurred
losses on any client related transactions since inception
Three Pillars also held $718 million of highly-rated ABS in 4Q 2007 and 83% of the $718
million
portfolio
of
bonds
are
AAA/Aaa
rated
and
17%
are
AA/Aa
rated
In the 3Q and 4Q, deterioration in the performance of the underlying collateral and market
illiquidity began materially decreasing the market value of the securities, and a review of the
remittance reports received on 12/26/2007 showed continued deterioration in collateral
performance
In order to reduce the risk profile of Three Pillars, SunTrust Management decided to purchase
the $718 million
in
ABS
securities
and
record
a
market
valuation
write-down
of
$145
million
Through January 16th, all bonds have maintained their original ratings and none have been
placed on a “ratings watch”
During the week of January 7th, SunTrust sold 3 of the highest risk bonds with current par
values of $104
million
at
prices
roughly
equal
to
the
12/31/2007
carrying
values
Purchased $718 Million in Asset-Backed Securities (ABS) from
Three Pillars on December 31, 2007 and Recorded a $145 Million
Market Valuation Write-Down	

9
Financial Topics:  STI Classic Funds
As previously announced on December 20th, SunTrust purchased $1.4 Billion of securities
from
the
STI
Classic
Prime
Quality
Money
Market
Fund
and
the
STI
Classic
Institutional
Cash
Management Money Market Fund at the end of the 4Q
The securities have been recorded in Trading Assets on SunTrust’s balance sheet and a
market valuation write-down of $250 million was recorded in the 4Q
SunTrust took this preemptive action to protect its approximately 142,000 account holders
from possible future losses associated with these securities
We believe this action enhances our reputation with clients and protects the revenue value of
the other products and services purchased by the Fund’s shareholders throughout the Bank
Excluding the non-performing SIVs, 94% of the securities mature by June 30, 2008.  $185
million in payments have been received in January, and another $155 million is expected by
month end
Purchased $1.4 Billion in Securities from its Affiliated Mutual Fund
Complex in 4Q 2007 and Recorded a $250 Million Market Valuation
Write-Down	

10
Financial Topics:  Private Placement Fund Update
In 3Q 2007 SunTrust disclosed the planned closure of a private placement fund and that 
shareholder’s of the fund would receive their full principal and interest due in cash
The $967 million in securities were consolidated on the Company’s balance sheet at 9/30/2007
These
securities
had
original
AAA
ratings
and
consist
of
roughly
80%
RMBS
A market valuation write-down of approximately $16.0 million was recorded in the 3Q
The market value of these securities declined significantly during the fourth quarter due to
trading activity in some of the securities, and as a result we determined that an additional $116
million write-down was appropriate
After a fundamental review of the likely intrinsic value of the securities if held to maturity,
SunTrust has decided for now to hold these securities
Recorded 4Q 2007 Market Valuation Write-Down of $116 Million on
$967 Million in Securities Consolidated in 3Q 2007 as a Result of the
Closure of a Private Placement Fund	

11
Financial Topics:  Noninterest
Income
SIV’s
Purchased from STI Classic Funds
$250
Securities Purchased from Three Pillars
145
Other Market Valuation Impacts:
Capital Markets
50
Mortgage
78
Treasury
–
Securities
Marks                     116
Treasury
–
SunTrust
Debt      
(84)
160
TOTAL
$555
Capital Markets related write-downs
declined from $121 million in 3Q to $50
million in 4Q
Mortgage write-downs decreased from $88
million in 3Q to $78 million in 4Q
Corporate debt security spreads widened
even more in 4Q creating an $84 million
write-up in the value of SunTrust fixed rate
debt
Solid performance in fee income with
double digit percentage growth over 4Q
2006 in service charges, retail investment
services, card fees, and mortgage servicing
($ in millions)
$555 Million Market Valuation Write-Downs on Securities and Loans
Drove
a
35%
Decrease
in
Noninterest
Income
versus
4Q
2006	

12
Financial Topics:  Trading Assets
Dec 31           Sept 30
2007
2007
Change
U.S. Gov’t
& Agency
$   4,133
$4,215          $    (82)
Corporate & Other
3,440
970             2,470
Equity
243
325                 (82)
Mortgage Backed
321
494              (173)
Derivative Contracts
1,977
1,612
365
Municipal                                
171 
241                 (70)
Commercial Paper                            2  
673              (671)
Securitization Warehouse            61
894              (833)
Other Securities
170
143
27
TOTAL
$10,518         $9,567
$ 951
($ in millions)
Trading Assets Increase by $951 Million Driven by the Purchase of
Securities from STI Mutual Funds and Three Pillars
Growth in Corporate &
Other includes carrying
value of SIV and Three
Pillars securities
purchased in December
Securitization warehouse
declined by $833 million
due in part to securitization
of CLO loans	

13
Financial Topics:  Capital Markets Related Impacts
Significant Steps Taken to Mitigate Securitization-Related Exposure
Dec 31       Sept 30
Warehouse
2007
2007
RMBS
$  0.0  
$       2.4
CLO
0.0
420.2
SBA
61.0
471.1
Sub-Total                          
$61.0   
$  893.7
Other Exposure
STI CLO
$ 45.7        $
48.5
CDO
6.9 
21.1
CLO
23.2  
8.1
RMBS
0.4
29.6
Trups
4.8
6.7
Sub-Total
81.0
114.0
TOTAL
$142.0 
$1,007.7
CLO reduction from securitization with
$365 million AAA portion retained in
Treasury portfolio
SBA
loans
re-classified
as
U.S.
Gov’t
&
Agency and approximately half sold
during 4Q 2007
CDO & RMBS exposures reduced
through write-downs and sales
($ in millions)	

14
Financial Topics:  Expense Growth
($ in millions)
$
%
2007
2006
Change
Change
Noninterest
Expense
$5,233.8   
$4,879.9             $353.9              7.3%           
Net
E
Non-Recurring
(61.7)
(13.4)
Elimination
of
FAS
91
Deferral
(78.4)
-
Reversal of LILO QTE Reserve
-
10.9
Capital Security Redemption                        33.6
-
Visa Litigation Accrual                                 (76.9) 
-
Affordable Housing Divestitures                 (63.5)         
(14.8)     
Adjusted Noninterest
Expense
$4,986.9
$4,862.6            $124.3             
Credit Related
$   262.4
$   146.4            $116.0             79.2%
1. 
Includes $45 million of severance recorded in 3Q 2007
2.  Related to fair value accounting election in May 2007
3.  Includes operating losses, credit and collections, and other real estate expense
2007 Full Year Core Expense Growth of $124 Million (2.6%)
Driven Entirely by Increased Credit Related Costs
2.6%
2
1
3
2	

15
Loan Portfolio: $122,319
Credit Perspective
($ in millions)
Dec 31
Sept 30
%
2007
2007
Change
Commercial
$35,929
$34,970
2.7%
Real Estate:
Home Equity
14,912
14,599
2.1
Construction
13,777
14,359
(4.1)
Residential Mortgages
32,780
31,604
3.7
Commercial Real Estate
12,609
12,487
1.0
Consumer:
Direct
3,964
4,419
(10.3)
Indirect
7,494
7,642
(1.9)
Credit Card
854
668
27.8
Total Loans
$122,319
$120,748
1.3%
Growth in C&I and Mortgage; Declines in Construction and
Consumer	

16
Residential Mortgages $32,780
Credit Perspective
(As of 12/31/07, in millions)
Portfolio Profile
Credit Quality Metrics
%
Dec 31                                Orig
Current                    $              
60+
Balance
%
WACLTV
WAFICO
NPL
DLQ
Core Portfolio        
$21,831     
66.6%   
76%    
733              $323          1.40%
Home Equity                 3,625         11.0            73   
722                   41          0.80
Prime 2   
(Insured)      3,919         12.0            93                
721                   49          1.60
Lot Loans
1,681
5.1            84                        
729                   87          3.30
Alt-A 1                   
1,204           3.7            76                       
664                 276          8.30
Alt-A 2       
520
1.6
98  
634
65
6.50
$32,780 
100.0%        83%                              701        
$841         2.00%
1.  %60+ DPD does not include nonaccruals
90% of Portfolio has High FICO and Low LTV or Insurance
nd
st
nd
1	

17
Home Equity Lines $14,912
Credit Perspective
(As of 12/31/07, in millions)
Portfolio Profile
Credit Quality Metrics
4Q
Dec 31          % of
Orig
Current                      C/O
%                  30+
Balance
Portfolio
WACLTV
WAFICO
%
NPL
DLQ
3   Party Originated
$1,836
12.3%         86%
715                   3.85%         2.59%         5.41%   
CLTV > 90%  
2,561          17.2      
95            736                
1.85        
1.11     
2.65
Florida 
3,518          23.6      
67            720                
0.92         
0.96     
2.10
All Other            
6,997
46.9
67
722
0.44
0.42
1.41
$14,912       100.0%      
74%   
723        
1.23%   
0.91%  
2.29% 
1.  Excludes 3   party originated
2. Excludes 3    party originated, CLTV 90+%
3.
Excludes 3    party originated, CLTV 90+% and Florida
Performance Issues Largely Confined to 3   Party and Higher LTV
Portions of Portfolio
rd
rd
1
2
3
rd
rd
rd	

18
Construction $13,777
Credit Perspective
(As of 12/31/07, in millions)
Portfolio Statistics
Credit Quality Metrics
Avg
FL           %
Dec 31              % of
%           Size                  4Q07            $  
NPL         30+
Balance
Portfolio
FL
$000’s
$C/O
NPL
%
DLQ
Construction Perm
$3,555              26%         31%       445       
$1.4
$99.0       51%     4.36%
Residential
Construction               
2,731              20            31          391           
3.9      132.3       55        1.34
Residential A&D              2,146              15   
28 
662          
1.4        45.7     
53        0.54
Commercial
Construction            
3,293              24      
28       1,400    
0.0         4.0          6        0.22
Commercial A&D                791      
6 
27          771               
0.2   
4.5          9        0.08
Raw Land
1,261
9
34
712                
0.0
10.0
7
0.13
$13,777            100%  
29%                              $6.9   $295.5    
50%     6.67%
Low Charge-Offs to Date; Commercial Performing Well, with Stress
Most Evident in Florida Residential	

19
Nonperforming Assets $1,655
Credit Perspective
(As of 12/31/07, in millions)
Dec 31       
% of
Balance
NPA
Residential Construction & A&D
$179
10.8%
Construction Perm
99                  
6.0
Other
17 
1.0
Total Construction
295
17.8          
Residential Mortgage
& HELOC
977
59.0
Total Construction & Mortgage              
1,272                               76.8
All Other
158
9.5
Subtotal -
Nonaccrual
loans
1,430                               86.3
Restructured/OREO       
225
13.6
TOTAL  NPA’s
$1,655
100.0%       
Growth in NPAs
Driven by Relatively Well Secured Residential
Mortgage and Construction Loans	

20
Appendix	

21
Additional Financial Disclosures
($ in millions)
4Q 2007
3Q 2007
Trading Account Profits and Commissions
Market Valuation Write-Downs
$(477)                            $(73)
Mortgage Production Income
Mark-to-Market (Spread widening
$  (78)
$ (88)
& NPL Marks)
Mortgage Servicing Income
Revenue From Sale of Mortgage Servicing Rights
$   19
$ 20
Other
Noninterest
Expense
Affordable Housing
$   58
$    6	

22
Outlook
Capital & Margin
Tier 1 ratio fell below target at year end; we expect to be above target with planned transactions
Tier 1 target remains 7.50%
We expect that under any of the authorized Coca-Cola Stock transactions, Tier 1 capital would increase by
approximately $1 billion and SunTrust expects to provide additional detail around these transactions during 2Q 2008
We
are
also
evaluating
the
Capital
Markets
and
may
issue
capital
securities
during
the
first
quarter
We do
not
anticipate
any
issues
in
maintaining
our
dividend.
As
has
been
the
standard
practice
over
the
years, the
Board will consider SunTrust’s dividend policy when it meets in February
1Q 2008 margin is likely to compress slightly due to the securities purchased in 4Q 2007
For the remainder of 2008, we expect margin to stabilize and possibly expand, depending upon deposit pricing and
volumes, the Libor/Prime relationship, and the level of NPA’s
Credit
The 5% of the Residential Mortgage portfolio secured by residential lots is showing stress with 60+ delinquency in
excess of 3%.  While the credit quality of the borrowers is holding up well, the delinquency rate, original LTV and outlook
for residential values and construction activity point to more losses in this portfolio
Alt-A 1   lien loans:  We
expect
NPL’s
to
increase
further.
However,
ultimately
we
expect
the
loss
content
to be
manageable given the 24% valuation cushion at origination.
We
continue
to
expect
that
the
loss
content
in
current
NPA’s
will
be manageable
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
1
st	

23
Outlook
Credit (continued)
We
expect
charge-offs
to
increase
in
the
first
quarter
and
perhaps
second
quarter
in
the
consumer/residential
real
estate-based portfolios.  We are projecting charge-offs to moderate in the second half in these portfolios, relatively good
C&I performance, and increasing risk and charge-offs in residential construction/Home Builder as current weakness
turns into charge-offs later in the year.  The key risk to these expectations are a broad recession and significant
additional declines in real estate values
We expect charge-offs to trend up in the near term.  However, given our underwriting standards, collateral position, and
risk mitigation activities, we expect 2008 losses to be manageable
Revenue & Expense
In this environment, we would expect our Commercial Clients to be relatively conservative in investing for growth and
that means 2008 will be tough year for loan and revenue growth
Three Pillars is performing well and we expect it will remain off balance sheet
The markets remain volatile and we expect to receive December performance data later this month that could affect
values
Based on estimates provided by Visa regarding its planned IPO, we currently believe our ownership interest in Visa has
a value significantly in excess of $77 million
Our
organizational
review
efforts
will
result
in
the
elimination
of
2,400
positions
E  goal is to achieve savings of $530 million, or 10% of our 2006 expense base during the 2009 fiscal year, and with a
fourth quarter run-rate of $75 million we are well on our way to meeting our 2008 goal of $350 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
1
2