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):	 	April 23, 2012	

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

			
 	 	 	
Georgia	001-08918	58-1575035	
(State or other jurisdiction	(Commission File Number)	(I.R.S. Employer	
of incorporation)	 	Identification No.)	
 	 	 	
303 Peachtree Street, N.E., Atlanta, Georgia	 	30308	
(Address of principal executive offices)	 	(Zip Code)	

	
			
Registrant's telephone number, including area code	 	(404) 558-7711	

	
					
 	 	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.
On April 23, 2012, SunTrust Banks, Inc. (the “Registrant”) announced financial results for the period ended March 31, 2012. A copy of the news release announcing such results is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The Registrant intends to hold an investor call and webcast to discuss these results on April 23, 2012, at 8:00 a.m. Eastern time. Additional presentation materials relating to such call are furnished hereto as Exhibit 99.2 and are incorporated herein by reference.
The foregoing information is furnished pursuant to Item 2.02, “Results of Operations and Financial Condition,” and Item 7.01, “Regulation FD.” Consequently, it is not deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section. It may only be incorporated by reference into another filing under the Exchange Act or Securities Act of 1933 if such subsequent filing specifically references this Form 8-K. All information in the news release and 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 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 April 23, 2012 (furnished with the Commission as a part of this Form 8-K).	
 	 	 	
99.2	 	Presentation materials dated April 23, 2012 (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: April 23, 2012	 	By: /s/ Thomas E. Panther	
 	 	 	Thomas E. Panther,
Senior Vice President, Director of Corporate Finance and Controller	 	

Exhibit 99.1

News Release

				
Contact:	 	 	  	
Investors	 	Media	  	
Kris Dickson	 	Mike McCoy	  	
(404) 827-6714	 	(404) 588-7230	  	
For Immediate Release
April 23, 2012
SunTrust Reports First Quarter 2012 Results
Earns $0.46 Per Share on Improved Core Performance
ATLANTA -- SunTrust Banks, Inc. (NYSE: STI) today reported net income available to common shareholders of $245 million , or $0.46 per average common share, for the first quarter of 2012 . Earnings per average common share increased by $0.33 from the fourth quarter of 2011 and by $0.38 from the first quarter of 2011 .
“Our core performance this quarter drove a solid start to 2012 and marked a continuation of the improved momentum we built during 2011,” said William H. Rogers, Jr. chairman and chief executive officer of SunTrust Banks, Inc. “Improved revenue, as well as continued favorable trends in loans, deposits, and credit metrics were hallmarks for the quarter.”  Mr. Rogers also noted that the Company's expense savings program continues to progress.
First Quarter 2012 Financial Highlights
Income Statement
		
•	Continued improvement in core business fundamentals helped drive net income available to common shareholders of $245 million .	
		
•	Revenue grew 8% and 3% compared to the prior quarter and the first quarter of 2011 , respectively.	
		
•	Net interest income grew 1% and 5% compared to the fourth and first quarter s of 2011 , respectively. Higher loan balances and favorable trends in the deposit mix and pricing were the primary drivers.	
		
•	Lower rates on liabilities, partially offset by a decline in loan yields, resulted in a three basis point increase in the net interest margin over the prior quarter to 3.49% .	
		
•	Strong mortgage refinancing activity drove a 21 % increase in noninterest income from the prior quarter; noninterest income was relatively stable compared to the first quarter of 2011 .	
		
•	Noninterest expense declined 8 % from the prior quarter, largely due to the $120 million fourth quarter 2011 accrual for the potential mortgage servicing settlement. Compared to the first quarter of 2011, expenses increased 5% , driven by higher employee compensation and benefits expenses and higher operating losses.	

Balance Sheet
		
•	Average loans increased 3% compared to the prior quarter. Commercial & industrial, guaranteed student and guaranteed mortgage loans were the primary drivers of the growth, while certain real estate-related loan portfolios continued to decline.	
		
•	Average client deposits grew to another record level, increasing 1% compared to the prior quarter, while the favorable trend in the deposit mix toward lower-cost accounts continued.	

1

Capital
		
•	Estimated capital ratios continue to be well above current regulatory requirements, as well as the Basel III proposed guidance. The Tier 1 common ratio increased to 9.30% .	

Asset Quality
		
•	Credit quality continued to improve with net charge-offs, nonperforming loans and assets, and early stage delinquencies all declining.	
		
◦	Net charge-offs declined 11 % compared with the prior quarter; the annualized net charge-off ratio was 1.38% , lower by 19 basis points compared to the prior quarter.	
		
◦	Nonperforming loans declined 9 %, the eleventh consecutive quarterly decline.	
		
◦	Early stage delinquencies declined 13 basis points sequentially as a result of improvements in the home equity, non-guaranteed mortgage, and consumer indirect portfolios.	
		
•	Provision for credit losses declined modestly. The allowance for loan losses was $2.3 billion , or 1.92 % of total loans.	

	

 Income Statement (presented on a fully taxable-equivalent basis)	1Q 2011	 	4Q 2011	 	1Q 2012	
(Dollars in millions, except per share data)	 	 	 	 	 	
Net income		$180		 		$74		 		$250		
Net income available to common shareholders	38		 	71		 	245		
Earnings per average common diluted share	0.08		 	0.13		 	0.46		
Total revenue	2,160		 	2,047		 	2,218		
Total revenue, excluding net securities gains/losses	2,096		 	2,028		 	2,200		
Net interest income	1,277		 	1,324		 	1,342		
Provision for credit losses	447		 	327		 	317		
Noninterest income	883		 	723		 	876		
Noninterest expense	1,465		 	1,667		 	1,541		
Net interest margin	3.53	%	 	3.46	%	 	3.49	%	
 	 	 	 	 	 	
Balance Sheet	 	 	 	 	 	
(Dollars in billions)	 	 	 	 	 	
Average loans		$115.2		 		$119.5		 		$122.5		
Average consumer and commercial deposits	120.7		 	125.1		 	125.8		
 	 	 	 	 	 	
Capital	 	 	 	 	 	
Tier 1 capital ratio (1)	11.00	%	 	10.90	%	 	10.95	%	
Tier 1 common equity ratio (1)	9.05	%	 	9.22	%	 	9.30	%	
Total average shareholders’ equity to total average assets	13.35	%	 	11.61	%	 	11.45	%	
 	 	 	 	 	 	
Asset Quality	 	 	 	 	 	
Net charge-offs to average loans (annualized)	2.01	%	 	1.57	%	 	1.38	%	
Allowance for loan losses to period end loans	2.49	%	 	2.01	%	 	1.92	%	
Nonperforming loans to total loans	3.46	%	 	2.37	%	 	2.16	%	
 (1) Current period Tier 1 capital and Tier 1 common equity ratios are estimated as of the date of this news release.

2

Consolidated Financial Performance Details
(Presented on a fully taxable-equivalent basis unless otherwise noted)
Revenue
Total revenue was $2.2 billion for the first quarter of 2012 , an increase of $171 million from the prior quarter and $58 million higher than the first quarter of 2011 . Net gains from the sales of securities were $18 million for the first quarter of 2012 compared to $19 million for the fourth quarter of 2011 and $64 million for the first quarter of 2011 . Excluding net securities gains, total revenue increased 8% and 5% , respectively, compared to the fourth and first quarter s of 2011 . The increase in revenue was predominantly due to higher mortgage-related revenue and higher net interest income.
Net Interest Income
For the first quarter of 2012 , net interest income was $1,342 million compared to $1,324 million for the prior quarter and $1,277 million for the first quarter of 2011 . The 1% and 5% increases over the fourth and first quarter s of 2011 , respectively, were driven by higher loan balances and lower interest expense, the latter of which was a result of the continued favorable shift in the deposit mix toward lower-cost accounts and lower wholesale funding costs.
Net interest margin for the first quarter of 2012 was 3.49% , an increase of three basis points from the fourth quarter of 2011 and a decline of four basis points from the first quarter of 2011 . On a sequential quarter basis, the increase was driven by a nine basis point decline in interest-bearing liability costs due to lower rates paid on deposits and other funding sources. This was partially offset by a five basis point decline in earning asset yields, due to lower loan yields. Compared to the first quarter of 2011 , the decline in the net interest margin was primarily due to 5% growth in earning assets, as the 30 basis point decline in earning asset yields due to lower loan yields was offset by a 30 basis point decline in interest-bearing liabilities driven by lower rates paid on deposits and other funding sources.
Noninterest Income
Total noninterest income was $876 million for the first quarter of 2012 compared to $723 million for the fourth quarter of 2011 and $883 million for the first quarter of 2011 . The $153 million sequential quarter increase was driven by higher mortgage-related revenue, partially offset by lower revenue from investment banking, trading income, and service charges on deposits accounts. The decline of $7 million from the first quarter of 2011 was attributable to lower securities gains and card fees, largely offset by higher mortgage-related income.
Mortgage production income was $63 million for the first quarter of 2012 , compared to losses of $62 million for the fourth quarter of 2011 and $1 million for the first quarter of 2011 . The $125 million sequential quarter increase was predominantly driven by increased mortgage loan production volume, higher gain on sale margins, and a $40 million decrease in the mortgage repurchase provision. As of March 31 , 2012 , reserves for mortgage repurchases totaled $383 million, an increase of $63 million from the prior quarter. The reserve was increased due to the continued high level of repurchase demands received during the quarter and because the decline in mortgage repurchase losses could be largely related to timing. Compared to the first quarter of 2011 , mortgage production income increased $64 million , primarily due to higher loan production and increased gain on sale margins, partially offset by an increase in the mortgage repurchase provision. Mortgage loan production increased 12% over the sequential quarter and 33% over the first quarter of 2011 as refinancing activity increased due to the HARP 2.0 program and the low mortgage interest rate environment.
Mortgage servicing income was $81 million for the first quarter of 2012 compared to $22 million for the prior quarter and $72 million for the first quarter of 2011 . The $59 million sequential quarter increase was due to improved net hedge performance in the current quarter, as well as a $38 million reduction in the fair value of the MSR asset that was recognized during the fourth quarter of 2011 in anticipation of increased refinancing activity arising from the HARP 2.0 program. Improved net hedge performance was the primary driver of the current quarter increase over the first quarter of 2011 . The mortgage servicing portfolio was $155 billion at the end of the first quarter of 2012 .
Card fees were $61 million for the first quarter of 2012 , essentially equal to the prior quarter and down $39 million from the first quarter of 2011 . The decline from the prior year was the result of regulations on debit card interchange fees that became effective at the beginning of the fourth quarter of 2011.

3

Investment banking income was $71 million for the first quarter of 2012 compared to $87 million for the prior quarter and $67 million for the first quarter of 2011 . The sequential quarter decline was due to seasonally lower loan syndication fee income, partially offset by higher bond origination fees. The increase relative to the first quarter of 2011 was attributable to higher bond origination fees.
Trading income was $57 million for the first quarter of 2012 compared to $77 million for the prior quarter and $52 million for the first quarter of 2011 . The $20 million sequential quarter decline was attributable to the improvement in the Company's credit spreads during the current quarter, which resulted in a $22 million market valuation loss on the Company's fair value debt and index-linked CDs, net of hedges, compared to market valuation gains of $17 million in the prior quarter. Partially offsetting the impact from market valuation losses was an increase in core trading activity and a decrease in valuation losses on illiquid securities in the current quarter. The $5 million increase in trading income compared to the first quarter of 2011 was primarily driven by higher core trading activity, which was partially offset by lower valuation gains on illiquid securities.
Other noninterest income was $57 million for the first quarter of 2012 compared to $39 million for the prior quarter and $47 million for the first quarter of 2011 . The $18 million sequential quarter increase was largely driven by higher leasing gains in the current quarter and certain asset write-downs recorded in the fourth quarter of 2011. The $10 million increase compared to the first quarter of 2011 was also largely due to higher leasing gains.
Noninterest Expense
Noninterest expense was $1,541 million for the first quarter of 2012 compared to $1,667 million for the fourth quarter of 2011 and $1,465 million for the first quarter of 2011 . The decrease of $126 million , or 8% , compared to the prior quarter was largely driven by the $120 million accrual for the potential mortgage servicing settlement recorded in the fourth quarter of 2011 . Declines in most other expense categories were predominantly offset by increased employee compensation and benefits expense. Compared to the first quarter of 2011 , expenses increased $76 million , or 5% , driven by higher employee compensation and benefits expenses and operating losses.
Employee compensation and benefits expense increased $173 million from the prior quarter. The fourth quarter of 2011 included a $60 million gain in connection with the Company's decision to curtail its defined benefit pension plans, net of a discretionary 401(k) contribution. Additionally, employee compensation and benefits expense was reduced in the fourth quarter of 2011 due to a year-end reduction in incentive compensation related to the Company's full year 2011 financial performance.  The balance of the sequential quarter increase was primarily attributable to seasonally higher 401(k) and payroll taxes in the current quarter. The $43 million , or 6% , increase in employee compensation and benefits expense from the first quarter of 2011 was due to higher incentive compensation associated with improved business performance and annual salary increases, partially offset by a 437 person reduction in full-time equivalent employees.
Operating losses declined by $36 million from the prior quarter and increased by $33 million from the first quarter of 2011 . The changes in both periods were driven by litigation-related expenses, which tend to fluctuate based on specific legal matters, as well as operating losses associated with mortgage servicing, which decreased in the current period compared to the prior quarter but increased relative to the first quarter of 2011.
Other noninterest expense decreased $103 million from the prior quarter. Credit-related expenses, which is comprised of other real estate-related expenses and credit and collection costs, decreased $55 million due to seasonally higher tax and insurance payments on delinquent loans occurring in the fourth quarter of 2011, as well as lower losses recognized on OREO during the current quarter. Severance expense related to the Playbook for Profitable Growth (PPG) initiative was $10 million during the first quarter of 2012, a decline of $17 million compared to the prior quarter. As of the end of the current quarter, $190 million in annualized expenses had been eliminated from the Company's expense base through PPG, compared to the $300 million goal expected to be achieved by year end 2013. Compared to the first quarter of 2011 , other expenses increased $12 million driven by higher consulting expense associated with complying with the mortgage servicing Consent Order, partially offset by a decline in other real estate expense.
Other drivers of the sequential quarter decline in noninterest expense included a $32 million reduction in marketing and customer development, due to seasonally lower advertising spending, and a $16 million decrease in FDIC premiums and regulatory assessments.

4

Income Taxes
For the first quarter of 2012 , the Company recorded an income tax provision of $69 million compared to an income tax benefit of $57 million for the fourth quarter of 2011 and a provision of $33 million for the first quarter of 2011 . The effective tax rate was 22 % for the first quarter of 2012 compared to 16 % for the first quarter of 2011 . The effective tax rate for each quarterly period was primarily the result of positive pre-tax earnings adjusted for net favorable permanent tax items, such as interest income from lending to tax-exempt entities and federal tax credits from community reinvestment activities. Such items, together with the relatively lower pre-tax earnings in the fourth quarter of 2011, resulted in the net tax benefit for that quarter.

U.S. Treasury Preferred Dividends
The Company formerly paid dividends to the U.S. Treasury on its $4.85 billion of TARP preferred securities through the first quarter of 2011. The Company redeemed these shares at the end of the first quarter of 2011 and, therefore, did not pay such dividends during 2012 or the last three quarters of 2011. The first quarter of 2011 included $66 million of preferred dividends paid to the U.S. Treasury and a $74 million, or $0.14 per common share, non-cash charge related to the unamortized discount that was recognized upon the redemption of the TARP preferred shares.
Balance Sheet
As of March 31 , 2012 , the Company had total assets of $178.2 billion and shareholders’ equity of $20.2 billion , representing 11.4% of total assets. Book value and tangible book value per common share increased to $37.11 and $25.49 , respectively, as of March 31 , 2012 .
Loans
Average loans for the first quarter of 2012 were $122.5 billion , compared to average loans of $119.5 billion and $115.2 billion during the fourth and first quarter s of 2011 , respectively. On a sequential quarter basis, the $ 3.1 billion , or 3% , growth was concentrated in commercial & industrial loans, which increased $1.1 billion , government-guaranteed mortgage loans, which increased $1.2 billion , and government-guaranteed student loans, which grew by $1.3 billion primarily as a result of portfolio acquisitions in the fourth quarter of 2011. Average loans increased $7.4 billion , or 6% , over the first quarter of 2011 . Growth was driven by targeted loan categories, including commercial & industrial and government-guaranteed student and residential mortgage loans, which increased by over $10 billion combined, while certain real estate-related loan categories were managed down. The reduction in real estate-related loans, together with an increase in government-guaranteed loans, resulted in continued improvement in the risk profile of the loan portfolio. As of March 31 , 2012 , 11% of the Company’s loan portfolio was comprised of government-guaranteed loans, up from 8% at the end of the first quarter of 2011 .
Deposits
Average consumer and commercial deposits for the first quarter of 2012 were $125.8 billion , compared to $125.1 billion and $120.7 billion for the fourth and first quarter s of 2011 , respectively. The favorable shift in the deposit mix toward lower cost accounts continued during the quarter, with the $0.8 billion sequential quarter growth in average deposits being driven by a $1.3 billion , or 4% , increase in demand deposits, partially offset by a $0.7 billion , or 4% decline in time deposits.
Compared to the first quarter of 2011 , average consumer and commercial deposits increased $5.1 billion , or 4% . Average demand deposits increased $7.1 billion , or 25% , while time deposits declined $2.4 billion , or 12% .

5

Capital and Liquidity
The Company’s estimated capital ratios are well above regulatory requirements, as well as the proposed guidelines recently published by the Basel Committee and endorsed by U.S. regulatory agencies. The Tier 1 capital and Tier 1 common ratios were estimated at 10.95% and 9.30% , respectively. The ratios of total average equity to total average assets and tangible equity to tangible assets were 11.45 % and 8.14 %, respectively, as of March 31 , 2012 . The Company continues to have substantial available liquidity provided in the form of its client deposit base, other available funding resources, and the retention of cash and high-quality government-backed securities.
Asset Quality
Asset quality continued to improve during the quarter, with declines in early-stage delinquencies, net charge-offs, nonperforming loans, and nonperforming assets.
Nonperforming loans declined for the eleventh consecutive quarter and totaled $2.6 billion as of March 31 , 2012 . Relative to the fourth quarter of 2011, the $254 million , or 9 %, decline occurred across virtually all loan categories, most prominently in commercial construction and residential mortgages. A portion of the decline was attributable to the transfer of $86 million of nonperforming residential mortgage loans to held for sale, as the Company elected to actively market these loans and intends to sell them during the second quarter of 2012. As a result of transferring the loans to held for sale, the Company recognized a $26 million charge-off to reflect the loans' estimated market value. Compared to March 31 , 2011 , nonperforming loans declined $1.3 billion , or 33 %, with declines across all categories, most significantly in commercial construction. At the end of the first quarter of 2012, the percentage of nonperforming loans to total loans was 2.16% , down by 21 and 130 basis points from the fourth and first quarters of 2011, respectively. Other real estate owned totaled $411 million at the end of the current quarter, down 14% on a sequential quarter basis and down 23 % since March 31 , 2011 .
Net charge-offs were $422 million in the current quarter compared to $472 million for the prior quarter and $571 million for the first quarter of 2011 . The $50 million sequential quarter decline was spread across almost all categories except for residential mortgages, which was impacted by incremental charge-offs related to the transfer of nonperforming loans to held for sale. Compared to the first quarter of 2011 , net charge-offs decreased $149 million , or 26 %, with declines widespread across loan categories, most notably residential loans. The ratio of annualized net charge-offs to total average loans was 1.38% , a reduction of 19 basis points and 63 basis points from the fourth and first quarter s of 2011 , respectively. The provision for credit losses was $317 million , down by $10 million and $130 million from the prior quarter and the first quarter of 2011 , respectively.
As of March 31 , 2012 , the allowance for loan losses was $2.3 billion and represented 1.92 % of total loans, down nine basis points from December 31 , 2011 . The $109 million decline in the allowance for loan losses during the first quarter of 2012 was reflective of the continued improvement in asset quality, partially offset by growth in the loan portfolio.
Early stage delinquencies decreased 13 basis points to 1.04% from the end of the fourth quarter of 2011 . This quarterly decrease was primarily due to improvement in the home equity, non-guaranteed mortgage, and consumer indirect portfolios. Excluding government-guaranteed loans, early stage delinquencies were 0.59%, a decline of nine basis points from December 31 , 2011 .
Accruing restructured loans totaled $2.8 billion , and nonaccruing restructured loans totaled $0.7 billion as of March 31 , 2012 . Accruing restructured loans declined moderately, while nonaccruing restructured loans declined $88 million compared to the prior quarter. $3.1 billion of restructured loans related to residential loans, while $0.4 billion were commercial loans.

6

LINE OF BUSINESS FINANCIAL PERFORMANCE
Line of Business Results
The Company has included line of business financial tables as part of this release on the Investor Relations portion of its website at www.suntrust.com/investorrelations. In response to recent organizational changes the Company’s has realigned its business segments which now include: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking. All revenue in the line of business tables is reported on a fully taxable-equivalent basis. For the lines of business, results include net interest income, which is computed using matched-maturity funds transfer pricing. Further, provision for loan losses is represented by net charge-offs. SunTrust also reports results for Corporate Other, which includes the Treasury department as well as the residual expense associated with operational and support expense allocations. The Corporate Other segment also includes differences created between internal management accounting practices and generally accepted accounting principles, certain matched-maturity funds transfer pricing credits and charges, differences in provision for loan losses compared to net charge-offs, as well as equity and its related impact. A detailed discussion of the line of business results will be included in the Company’s forthcoming quarterly report on Form 10-Q.
Corresponding Financial Tables and Information
Investors are encouraged to review the foregoing summary and discussion of SunTrust’s earnings and financial condition in conjunction with the detailed financial tables and information which SunTrust has also published today and SunTrust’s forthcoming quarterly report on Form 10-Q. Detailed financial tables and other information are also available on the Investor Relations portion of the Company’s website at www.suntrust.com/investorrelations. This information is also included in a current report on Form 8-K furnished with the Securities and Exchange Commission today.
Conference Call
SunTrust management will host a conference call on April 23, 2012, at 8:00 a.m. (Eastern Time) to discuss the earnings results and business trends. Individuals may call in beginning at 7:45 a.m. (Eastern Time) by dialing 1-888-972-7805 (Passcode: 1Q12). Individuals calling from outside the United States should dial 1-517-308-9091 (Passcode: 1Q12). A replay of the call will be available approximately one hour after the call ends on April 23, 2012, and will remain available until May 4, 2012, by dialing 1-800-879-6754 (domestic) or 1-402-220-5334 (international). Alternatively, individuals may listen to the live webcast of the presentation by visiting the SunTrust investor relations website at www.suntrust.com/investorrelations. Beginning the afternoon of April 23, 2012, listeners may access an archived version of the webcast in the “Recent Earnings and Conference Presentations” subsection found on the investor relations webpage. This webcast will be archived and available for one year. A link to the Investor Relations page is also found in the footer of the SunTrust home page.
SunTrust Banks, Inc., headquartered in Atlanta, is one of the nation’s largest banking organizations, serving a broad range of consumer, commercial, corporate and institutional clients. The Company operates an extensive branch and ATM network throughout the Southeast and Mid-Atlantic States and a full array of technology-based, 24-hour delivery channels. The Company also serves clients in selected markets nationally. Its primary businesses include deposit, credit, and trust and investment management services. Through various subsidiaries, the Company provides mortgage banking, insurance, brokerage, equipment leasing, and capital markets services. SunTrust’s Internet address is www.suntrust.com.

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

7

This news release may contain forward-looking statements. Any statement that does not describe historical or current facts, is a forward-looking statement. These statements often include the words “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “goals,” “targets,” “initiatives,” “potentially,” “probably,” “projects,” “outlook” or similar expressions or future conditional verbs such as “may,” “will,” “should,” “would,” and “could.” Forward-looking statements are based upon the current beliefs and expectations of management and on information currently available to management. Our statements speak as of the date hereof, and we do not assume any obligation to update these statements or to update the reasons why actual results could differ from those contained in such statements in light of new information or future events.
Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward-looking statements. Factors that could cause actual results to differ materially from those described in the forward-looking statements can be found in Part I, “ Item 1A. Risk Factors ” in our Annual Report on Form 10-K for the year ended December 31, 2011 and in other periodic reports that we file with the SEC. Those factors include: as one of the largest lenders in the Southeast and Mid-Atlantic U.S. and a provider of financial products and services to consumers and businesses across the U.S., our financial results have been, and may continue to be, materially affected by general economic conditions, particularly unemployment levels and home prices in the U.S., and a deterioration of economic conditions or of the financial markets may materially adversely affect our lending and other businesses and our financial results and condition; legislation and regulation, including the Dodd-Frank Act, as well as future legislation and/or regulation, could require us to change certain of our business practices, reduce our revenue, impose additional costs on us or otherwise adversely affect our business operations and/or competitive position; we are subject to capital adequacy and liquidity guidelines and, if we fail to meet these guidelines, our financial condition would be adversely affected; loss of customer deposits and market illiquidity could increase our funding costs; we rely on the mortgage secondary market and GSEs for some of our liquidity; we are subject to credit risk; our ALLL may not be adequate to cover our eventual losses; we may have more credit risk and higher credit losses to the extent our loans are concentrated by loan type, industry segment, borrower type, or location of the borrower or collateral; we will realize future losses if the proceeds we receive upon liquidation of nonperforming assets are less than the carrying value of such assets; a downgrade in the U.S. government's sovereign credit rating, or in the credit ratings of instruments issued, insured or guaranteed by related institutions, agencies or instrumentalities, could result in risks to us and general economic conditions that we are not able to predict; the failure of the European Union to stabilize the fiscal condition and creditworthiness of its weaker member economies, such as Greece, Portugal, Spain, Hungary, Ireland, and Italy, could have international implications potentially impacting global financial institutions, the financial markets, and the economic recovery underway in the U.S.; weakness in the real estate market, including the secondary residential mortgage loan markets, has adversely affected us and may continue to adversely affect us; we are subject to certain risks related to originating and selling mortgages, and may be required to repurchase mortgage loans or indemnify mortgage loan purchasers as a result of breaches of representations and warranties, borrower fraud, or as a result of certain breaches of our servicing agreements, and this could harm our liquidity, results of operations, and financial condition; financial difficulties or credit downgrades of mortgage and bond insurers may adversely affect our servicing and investment portfolios; we may be terminated as a servicer or master servicer, be required to repurchase a mortgage loan or reimburse investors for credit losses on a mortgage loan, or incur costs, liabilities, fines and other sanctions if we fail to satisfy our servicing obligations, including our obligations with respect to mortgage loan foreclosure actions; we are subject to risks related to delays in the foreclosure process; we may continue to suffer increased losses in our loan portfolio despite enhancement of our underwriting policies and practices; our mortgage production and servicing revenue can be volatile; as a financial services company, adverse changes in general business or economic conditions could have a material adverse effect on our financial condition and results of operations; changes in market interest rates or capital markets could adversely affect our revenue and expense, the value of assets and obligations, and the availability and cost of capital and liquidity; changes in interest rates could also reduce the value of our MSRs and mortgages held for sale, reducing our earnings; the fiscal and monetary policies of the federal government and its agencies could have a material adverse effect on our earnings; depressed market values for our stock may require us to write down goodwill; clients could pursue alternatives to bank deposits, causing us to lose a relatively inexpensive source of funding; consumers may decide not to use banks to complete their financial transactions, which could affect net income; we have businesses other than banking which subject us to a variety of risks; hurricanes and other disasters may adversely affect loan portfolios and operations and increase the cost of doing business; negative public opinion could damage our reputation and adversely impact business and revenues; a failure in or breach of our operational or

8

security systems or infrastructure, or those of our third party vendors and other service providers, including as a result of cyber attacks, could disrupt our businesses, result in the disclosure or misuse of confidential or proprietary information, damage our reputation, increase our costs and cause losses; we rely on other companies to provide key components of our business infrastructure; the soundness of other financial institutions could adversely affect us; we depend on the accuracy and completeness of information about clients and counterparties; regulation by federal and state agencies could adversely affect the business, revenue, and profit margins; competition in the financial services industry is intense and could result in losing business or margin declines; maintaining or increasing market share depends on market acceptance and regulatory approval of new products and services; we might not pay dividends on your common stock; our ability to receive dividends from our subsidiaries could affect our liquidity and ability to pay dividends; disruptions in our ability to access global capital markets may adversely affect our capital resources and liquidity; any reduction in our credit rating could increase the cost of our funding from the capital markets; we have in the past and may in the future pursue acquisitions, which could affect costs and from which we may not be able to realize anticipated benefits; we are subject to certain litigation, and our expenses related to this litigation may adversely affect our results; we may incur fines, penalties and other negative consequences from regulatory violations, possibly even inadvertent or unintentional violations; we depend on the expertise of key personnel, and if these individuals leave or change their roles without effective replacements, operations may suffer; we may not be able to hire or retain additional qualified personnel and recruiting and compensation costs may increase as a result of turnover, both of which may increase costs and reduce profitability and may adversely impact our ability to implement our business strategies; our accounting policies and processes are critical to how we report our financial condition and results of operations, and they require management to make estimates about matters that are uncertain; changes in our accounting policies or in accounting standards could materially affect how we report our financial results and condition; our stock price can be volatile; our framework for managing risks may not be effective in mitigating risk and loss to us; our disclosure controls and procedures may not prevent or detect all errors or acts of fraud; our financial instruments carried at fair value expose us to certain market risks; our revenues derived from our investment securities may be volatile and subject to a variety of risks; and we may enter into transactions with off-balance sheet affiliates or our subsidiaries.

9

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

											
 	Three Months Ended
March 31	 	%	
 	2012	 	2011	 	Change  4	
EARNINGS & DIVIDENDS	 	 	 	 	 	
Net income		$250		 		$180		 	39	 %	
Net income available to common shareholders	245		 	38		 	NM		
Total revenue - FTE  1, 2	2,218		 	2,160		 	3		
Total revenue - FTE excluding securities gains, net  1, 2	2,200		 	2,096		 	5		
Net income per average common share	 	 	 	 	 	
Diluted	0.46		 	0.08		 	NM		
Diluted excluding effect of accelerated accretion associated with repurchase of preferred stock issued to the U.S. Treasury  1	0.46		 	0.22		 	NM		
Basic	0.46		 	0.08		 	NM		
Dividends paid per common share	0.05		 	0.01		 	NM		
CONDENSED BALANCE SHEETS	 	 	 	 	 	
Selected Average Balances	 	 	 	 	 	
Total assets		$176,855		 		$173,066		 	2	 %	
Earning assets	154,623		 	146,786		 	5		
Loans	122,542		 	115,162		 	6		
Consumer and commercial deposits	125,843		 	120,710		 	4		
Brokered time and foreign deposits	2,274		 	2,606		 	(13	)	
Total shareholders’ equity	20,256		 	23,107		 	(12	)	
As of	 	 	 	 	 	
Total assets	178,226		 	170,794		 	4		
Earning assets	154,950		 	145,895		 	6		
Loans	122,691		 	114,932		 	7		
Allowance for loan and lease losses	2,348		 	2,854		 	(18	)	
Consumer and commercial deposits	127,718		 	121,559		 	5		
Brokered time and foreign deposits	2,314		 	2,426		 	(5	)	
Total shareholders’ equity	20,241		 	19,223		 	5		
FINANCIAL RATIOS & OTHER DATA	 	 	 	 	 	
Return on average total assets	0.57	%	 	0.42	%	 	36	 %	
Return on average common shareholders’ equity	4.94		 	0.84		 	NM		
Net interest margin  2	3.49		 	3.53		 	(1	)	
Efficiency ratio  2	69.50		 	67.83		 	2		
Tangible efficiency ratio  1, 2	69.02		 	67.32		 	3		
Effective tax rate	21.55		 	15.54		 	39		
Tier 1 common equity 3	9.30		 	9.05		 	3		
Tier 1 capital 3	10.95		 	11.00		 	—		
Total capital 3	13.70		 	13.92		 	(2	)	
Tier 1 leverage 3	8.75		 	8.72		 	—		
Total average shareholders’ equity to total average assets	11.45		 	13.35		 	(14	)	
Tangible equity to tangible assets  1	8.14		 	7.87		 	3		
 	 	 	 	 	 	
Book value per common share		$37.11		 		$35.49		 	5		
Tangible book value per common share  1	25.49		 	23.79		 	7		
Market price:	 	 	 	 	 	
High	24.93		 	33.14		 	(25	)	
Low	18.07		 	27.38		 	(34	)	
Close	24.17		 	28.84		 	(16	)	
Market capitalization	13,005		 	15,482		 	(16	)	
Average common shares outstanding (000s)		 		 	 	
Diluted	536,407		 	503,503		 	7		
Basic	533,100		 	499,669		 	7		
Full-time equivalent employees	28,615		 	29,052		 	(2	)	
Number of ATMs	2,914		 	2,924		 	—		
Full service banking offices	1,651		 	1,665		 	(1	)	

1  	See Appendix A for reconcilements of non-GAAP performance measures.	
		
2  	Total revenue, net interest margin, and efficiency ratios are presented on a fully taxable-equivalent (“FTE”) basis. The FTE basis adjusts for the tax-favored status of net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources. Total revenue - FTE equals net interest income on a FTE basis plus noninterest income.	
		
3  	Current period tier 1 common equity, tier 1 capital, total capital and tier 1 leverage ratios are estimated as of the earnings release date.	
		
4  	“NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.	

10

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

																				
 	Three Months Ended	
 	March 31    
2012		 	December 31    
2011		 	September 30    
2011		 	June 30   
2011		 	March 31    
2011		
EARNINGS & DIVIDENDS	 	 	 	 	 	 	 	 	 	
Net income		$250		 		$74		 		$215		 		$178		 		$180		
Net income available to common shareholders	245		 	71		 	211		 	174		 	38		
Total revenue - FTE 1, 2	2,218		 	2,047		 	2,196		 	2,198		 	2,160		
Total revenue - FTE excluding securities gains, net 1, 2	2,200		 	2,028		 	2,194		 	2,166		 	2,096		
Net income per average common share	 	 	 	 	 	 	 	 	 	
Diluted	0.46		 	0.13		 	0.39		 	0.33		 	0.08		
Diluted excluding effect of accelerated accretion associated with repurchase of preferred stock issued to the U.S. Treasury 1	0.46		 	0.13		 	0.39		 	0.33		 	0.22		
Basic	0.46		 	0.13		 	0.40		 	0.33		 	0.08		
Dividends paid per common share	0.05		 	0.05		 	0.05		 	0.01		 	0.01		
CONDENSED BALANCE SHEETS	 	 	 	 	 	 	 	 	 	
Selected Average Balances	 	 	 	 	 	 	 	 	 	
Total assets		$176,855		 		$174,085		 		$172,076		 		$170,527		 		$173,066		
Earning assets	154,623		 	151,561		 	146,836		 	145,985		 	146,786		
Loans	122,542		 	119,474		 	115,638		 	114,920		 	115,162		
Consumer and commercial deposits	125,843		 	125,072		 	122,974		 	121,879		 	120,710		
Brokered time and foreign deposits	2,274		 	2,293		 	2,312		 	2,340		 	2,606		
Total shareholders’ equity	20,256		 	20,208		 	20,000		 	19,509		 	23,107		
As of	 	 	 	 	 	 	 	 	 	
Total assets	178,226		 	176,859		 	172,553		 	172,173		 	170,794		
Earning assets	154,950		 	154,696		 	148,991		 	146,367		 	145,895		
Loans	122,691		 	122,495		 	117,475		 	114,913		 	114,932		
Allowance for loan and lease losses	2,348		 	2,457		 	2,600		 	2,744		 	2,854		
Consumer and commercial deposits	127,718		 	125,611		 	123,933		 	121,671		 	121,559		
Brokered time and foreign deposits	2,314		 	2,311		 	2,318		 	3,250		 	2,426		
Total shareholders’ equity	20,241		 	20,066		 	20,200		 	19,660		 	19,223		
FINANCIAL RATIOS & OTHER DATA	 	 	 	 	 	 	 	 	 	
Return on average total assets	0.57	%	 	0.17	%	 	0.50	%	 	0.42	%	 	0.42	%	
Return on average common shareholders’ equity	4.94		 	1.41		 	4.23		 	3.61		 	0.84		
Net interest margin  2	3.49		 	3.46			3.49			3.53			3.53		
Efficiency ratio 2	69.50		 	81.45		 	71.05		 	70.17		 	67.83		
Tangible efficiency ratio 1, 2	69.02		 	80.99		 	70.55		 	69.64		 	67.32		
Effective tax rate 4	21.55		 	NM		 	17.33		 	24.45		 	15.54		
Tier 1 common equity 3	9.30		 	9.22		 	9.31		 	9.22		 	9.05		
Tier 1 capital 3	10.95		 	10.90		 	11.10		 	11.11		 	11.00		
Total capital 3	13.70		 	13.67		 	13.91		 	14.01		 	13.92		
Tier 1 leverage 3	8.75		 	8.75		 	8.90		 	8.92		 	8.72		
Total average shareholders’ equity to total average assets	11.45		 	11.61		 	11.62		 	11.44		 	13.35		
Tangible equity to tangible assets  1	8.14		 	8.10		 	8.38		 	8.07		 	7.87		
 	 	 	 	 	 	 	 	 	 	
Book value per common share		$37.11		 		$36.86		 		$37.29		 		$36.30		 		$35.49		
Tangible book value per common share  1	25.49		 	25.18		 	25.60		 	24.57		 	23.79		
Market price:	 	 	 	 	 	 	 	 	 	
High	24.93		 	21.31		 	26.52		 	30.13		 	33.14		
Low	18.07		 	15.79		 	16.51		 	24.63		 	27.38		
Close	24.17		 	17.70		 	17.95		 	25.80		 	28.84		
Market capitalization	13,005		 	9,504		 	9,639		 	13,852		 	15,482		
Average common shares outstanding (000s)		 		 		 		 		
Diluted	536,407		 	535,717		 	535,395		 	535,416		 	503,503		
Basic	533,100		 	532,146		 	531,928		 	531,792		 	499,669		
Full-time equivalent employees	28,615		 	29,182		 	29,483		 	29,235		 	29,052		
Number of ATMs	2,914		 	2,899		 	2,889		 	2,919		 	2,924		
Full service banking offices	1,651		 	1,659		 	1,658		 	1,661		 	1,665		

1  	See Appendix A for reconcilements of non-GAAP performance measures.	
		
2  	Total revenue, net interest margin, and efficiency ratios are presented on a fully taxable-equivalent (“FTE”) basis. The FTE basis adjusts for the tax-favored status of net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources. Total revenue - FTE equals net interest income on a FTE basis plus noninterest income.	
		
3  	Current period tier 1 common equity, tier 1 capital, total capital and tier 1 leverage ratios are estimated as of the earnings release date.	
		
4  	“NM” - Calculated percentage was not considered to be meaningful.	

11

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

																
 	 	Three Months Ended    	 	Increase/(Decrease)  2	
 	 	March 31	 		
 	 	2012	 	2011	 	Amount	 	%	
Interest income	 		$1,534		 		$1,554		 		($20	)	 	(1	)%	
Interest expense	 	223		 	305		 	(82	)	 	(27	)	
NET INTEREST INCOME	 	1,311		 	1,249		 	62		 	5		
Provision for credit losses	 	317		 	447		 	(130	)	 	(29	)	
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	994		 	802		 	192		 	24		
NONINTEREST INCOME	 		 		 		 		
Service charges on deposit accounts	 	164		 	163		 	1		 	1		
Trust and investment management income	 	130		 	135		 	(5	)	 	(4	)	
Retail investment services	 	59		 	58		 	1		 	2		
Other charges and fees	 	115		 	126		 	(11	)	 	(9	)	
Investment banking income	 	71		 	67		 	4		 	6		
Trading income	 	57		 	52		 	5		 	10		
Card fees	 	61		 	100		 	(39	)	 	(39	)	
Mortgage production related income/(loss)	 	63		 	(1	)	 	64		 	NM		
Mortgage servicing related income	 	81		 	72		 	9		 	13		
Other noninterest income	 	57		 	47		 	10		 	21		
Net securities gains	 	18		 	64		 	(46	)	 	(72	)	
     Total noninterest income	 	876		 	883		 	(7	)	 	(1	)	
NONINTEREST EXPENSE	 		 		 		 		
Employee compensation and benefits	 	797		 	754		 	43		 	6		
Net occupancy expense	 	88		 	89		 	(1	)	 	(1	)	
Outside processing and software	 	176		 	158		 	18		 	11		
Equipment expense	 	45		 	44		 	1		 	2		
Marketing and customer development	 	27		 	38		 	(11	)	 	(29	)	
Amortization of intangible assets	 	11		 	11		 	—		 	—		
Operating losses	 	60		 	27		 	33		 	NM		
FDIC premium/regulatory exams	 	52		 	71		 	(19	)	 	(27	)	
Other noninterest expense	 	285		 	273		 	12		 	4		
     Total noninterest expense	 	1,541		 	1,465		 	76		 	5		
INCOME BEFORE PROVISION FOR INCOME TAXES	329		 	220		 	109		 	50		
Provision for income taxes	 	69		 	33		 	36		 	NM		
INCOME INCLUDING INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	260		 	187		 	73		 	39		
Net income attributable to noncontrolling interest	 	10		 	7		 	3		 	43		
     NET INCOME	 		$250		 		$180		 		$70		 	39	 %	
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS		$245		 		$38		 		$207		 	NM		
Net interest income - FTE  1	 	1,342		 	1,277		 	65		 	5		
Net income per average common share	 		 		 		 		
   Diluted	 	0.46		 	0.08		 	0.38		 	NM		
Basic	 	0.46		 	0.08		 	0.38		 	NM		
Cash dividends paid per common share	 	0.05		 	0.01		 	0.04		 	NM		
Average common shares outstanding (000s)	 		 		 		 		
Diluted	 	536,407		 	503,503		 	32,904		 	7		
Basic	 	533,100		 	499,669		 	33,431		 	7		
 	 	 	 	 	 	 	 	 	
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. See Appendix A for a reconcilement of this non-GAAP measure to the related GAAP measure.
2 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

12

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

																											
 	Three Months Ended    	 	 	 	Three Months Ended    	
 	March 31	 	December 31	 	    Increase/(Decrease) 2    	 	September 30	 	June 30	 	March 31    	
 	2012	 	2011	 	Amount    	 	%    	 	2011	 	2011	 	2011	
Interest income		$1,534		 		$1,543		 		($9	)	 	(1	)%	 		$1,538		 		$1,546		 		$1,554		
Interest expense	223		 	249		 	(26	)	 	(10	)	 	275		 	287		 	305		
NET INTEREST INCOME	1,311		 	1,294		 	17		 	1		 	1,263		 	1,259		 	1,249		
Provision for credit losses	317		 	327		 	(10	)	 	(3	)	 	347		 	392		 	447		
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	994		 	967		 	27		 	3		 	916		 	867		 	802		
NONINTEREST INCOME		 		 		 		 		 		 		
Service charges on deposit accounts	164		 	176		 	(12	)	 	(7	)	 	176		 	170		 	163		
Trust and investment management income	130		 	127		 	3		 	2		 	134		 	135		 	135		
Retail investment services	59		 	55		 	4		 	7		 	58		 	59		 	58		
Other charges and fees	115		 	121		 	(6	)	 	(5	)	 	130		 	130		 	126		
Investment banking income	71		 	87		 	(16	)	 	(18	)	 	68		 	95		 	67		
Trading income	57		 	77		 	(20	)	 	(26	)	 	66		 	53		 	52		
Card fees	61		 	62		 	(1	)	 	(2	)	 	104		 	105		 	100		
Mortgage production related income/(loss)	63		 	(62	)	 	125		 	NM		 	54		 	4		 	(1	)	
Mortgage servicing related income	81		 	22		 	59		 	NM		 	58		 	72		 	72		
Other noninterest income	57		 	39		 	18		 	46		 	53		 	57		 	47		
Net securities gains	18		 	19		 	(1	)	 	(5	)	 	2		 	32		 	64		
     Total noninterest income	876		 	723		 	153		 	21		 	903		 	912		 	883		
NONINTEREST EXPENSE		 		 		 		 		 		 		
Employee compensation and benefits	797		 	624		 	173		 	28		 	750		 	748		 	754		
Net occupancy expense	88		 	88		 	—		 	—		 	90		 	89		 	89		
Outside processing and software	176		 	169		 	7		 	4		 	164		 	162		 	158		
Equipment expense	45		 	46		 	(1	)	 	(2	)	 	44		 	44		 	44		
Marketing and customer development	27		 	59		 	(32	)	 	(54	)	 	41		 	46		 	38		
Potential mortgage servicing settlement and claims expense	—		 	120		 	(120	)	 	(100	)	 	—		 	—		 	—		
Amortization of intangible assets	11		 	9		 	2		 	22		 	11		 	12		 	11		
Operating losses	60		 	96		 	(36	)	 	(38	)	 	72		 	62		 	27		
FDIC premium/regulatory exams	52		 	68		 	(16	)	 	(24	)	 	80		 	81		 	71		
Other noninterest expense	285		 	388		 	(103	)	 	(27	)	 	308		 	298		 	273		
     Total noninterest expense	1,541		 	1,667		 	(126	)	 	(8	)	 	1,560		 	1,542		 	1,465		
INCOME BEFORE PROVISION/(BENEFIT) FOR INCOME TAXES	329		 	23		 	306		 	NM		 	259		 	237		 	220		
Provision/(benefit) for income taxes	69		 	(57	)	 	126		 	NM		 	45		 	58		 	33		
INCOME INCLUDING INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	260		 	80		 	180		 	NM		 	214		 	179		 	187		
Net income/(loss) attributable to noncontrolling interest	10		 	6		 	4		 	67		 	(1	)	 	1		 	7		
     NET INCOME		$250		 		$74		 		$176		 	NM		 		$215		 		$178		 		$180		
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS		$245		 		$71		 		$174		 	NM		 		$211		 		$174		 		$38		
Net interest income - FTE  1	1,342		 	1,324		 	18		 	1		 	1,293		 	1,286		 	1,277		
Net income per average common share		 		 		 		 		 		 		
Diluted	0.46		 	0.13		 	0.33		 	NM		 	0.39		 	0.33		 	0.08		
Basic	0.46		 	0.13		 	0.33		 	NM		 	0.40		 	0.33		 	0.08		
Cash dividends paid per common share	0.05		 	0.05		 	—		 	—		 	0.05		 	0.01		 	0.01		
Average common shares outstanding (000s)		 		 		 		 		 		 		
Diluted	536,407		 	535,717		 	690		 	—		 	535,395		 	535,416		 	503,503		
Basic	533,100		 	532,146		 	954		 	—		 	531,928		 	531,792		 	499,669		

		
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. See Appendix A for a reconcilement of this non-GAAP measure to the related GAAP measure.	
		
2  	“NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.	

13

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

															
 	 As of March 31	 	Increase/(Decrease) 2	
 	2012	 	2011	 	Amount	 	        %        	
ASSETS	 	 	 	 	 	 	 	
Cash and due from banks		$5,019		 		$5,216		 		($197	)	 	(4	)%	
Interest-bearing deposits in other banks	21		 	20		 	1		 	5		
Securities purchased under agreements to resell	941		 	981		 	(40	)	 	(4	)	
Trading assets	6,316		 	6,289		 	27		 	—		
Securities available for sale	27,323		 	26,569		 	754		 	3		
Loans held for sale	2,749		 	2,165		 	584		 	27		
Loans held for investment:	 	 	 	 	 	 	 	
Commercial & industrial	50,189		 	45,080		 	5,109		 	11		
Commercial real estate	4,910		 	6,043		 	(1,133	)	 	(19	)	
Commercial construction	1,086		 	2,109		 	(1,023	)	 	(49	)	
Residential mortgages - guaranteed	6,447		 	4,516		 	1,931		 	43		
Residential mortgages - nonguaranteed	23,653		 	23,443		 	210		 	1		
Residential home equity products	15,472		 	16,382		 	(910	)	 	(6	)	
Residential construction	924		 	1,208		 	(284	)	 	(24	)	
Consumer student loans - guaranteed	7,186		 	4,477		 	2,709		 	61		
Consumer other direct	2,152		 	1,786		 	366		 	20		
Consumer indirect	10,145		 	9,469		 	676		 	7		
Consumer credit cards	527		 	419		 	108		 	26		
Total loans held for investment	122,691		 	114,932		 	7,759		 	7		
Allowance for loan and lease losses	(2,348	)	 	(2,854	)	 	(506	)	 	(18	)	
Net loans held for investment	120,343		 	112,078		 	8,265		 	7		
Goodwill	6,344		 	6,324		 	20		 	—		
Other intangible assets	1,155		 	1,659		 	(504	)	 	(30	)	
Other real estate owned	411		 	534		 	(123	)	 	(23	)	
Other assets	7,604		 	8,959		 	(1,355	)	 	(15	)	
Total assets 1		$178,226		 		$170,794		 		$7,432		 	4	%	
LIABILITIES	 	 	 	 	 	 	 	
Deposits:	 	 	 	 	 	 	 	
Noninterest-bearing consumer and commercial deposits		$36,771		 		$28,521		 		$8,250		 	29	%	
Interest-bearing consumer and commercial deposits:	 	 	 	 	 	 	 	
NOW accounts	25,502		 	25,462		 	40		 	—		
Money market accounts	42,683		 	43,055		 	(372	)	 	(1	)	
Savings	5,134		 	4,518		 	616		 	14		
Consumer time	11,306		 	12,747		 	(1,441	)	 	(11	)	
Other time	6,322		 	7,256		 	(934	)	 	(13	)	
Total consumer and commercial deposits	127,718		 	121,559		 	6,159		 	5		
Brokered time deposits	2,284		 	2,369		 	(85	)	 	(4	)	
Foreign deposits	30		 	57		 	(27	)	 	(47	)	
Total deposits	130,032		 	123,985		 	6,047		 	5		
Funds purchased	908		 	1,150		 	(242	)	 	(21	)	
Securities sold under agreements to repurchase	1,781		 	2,113		 	(332	)	 	(16	)	
Other short-term borrowings	6,878		 	2,858		 	4,020		 	NM		
Long-term debt	11,894		 	14,663		 	(2,769	)	 	(19	)	
Trading liabilities	1,554		 	2,731		 	(1,177	)	 	(43	)	
Other liabilities	4,938		 	4,071		 	867		 	21		
Total liabilities	157,985		 	151,571		 	6,414		 	4		
SHAREHOLDERS' EQUITY	 	 	 	 	 	 	 	
Preferred stock, no par value	275		 	172		 	103		 	60		
Common stock, $1.00 par value	550		 	550		 	—		 	—		
Additional paid in capital	9,243		 	9,324		 	(81	)	 	(1	)	
Retained earnings	9,198		 	8,575		 	623		 	7		
Treasury stock, at cost, and other	(699	)	 	(823	)	 	(124	)	 	(15	)	
Accumulated other comprehensive income	1,674		 	1,425		 	249		 	17		
Total shareholders' equity	20,241		 	19,223		 	1,018		 	5		
Total liabilities and shareholders' equity		$178,226		 		$170,794		 		$7,432		 	4	%	
 	 	 	 	 	 	 	 	
Common shares outstanding	538,056		 	536,817		 	1,239		 	—	%	
Common shares authorized	750,000		 	750,000		 	—		 	—		
Preferred shares outstanding	3		 	2		 	1		 	50		
Preferred shares authorized	50,000		 	50,000		 	—		 	—		
Treasury shares of common stock	11,865		 	13,104		 	(1,239	)	 	(9	)	
1 Includes earning assets of $154,950 and $145,895 as of March 31 , 2012 and 2011 , respectively.
2 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

14

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

																											
 	As of	 	 	 	 	 	As of	
 	March 31	 	December 31	 	Increase/(Decrease)	 	September 30	 	June 30	 	March 31	
 	2012	 	2011	 	Amount    	 	     %    	 	2011	 	2011	 	2011	
ASSETS	 	 	 	 	 	 	 	 	 	 	 	 	 	
Cash and due from banks		$5,019		 		$3,696		 		$1,323		 	36	 %	 		$4,637		 		$5,633		 		$5,216		
Interest-bearing deposits in other banks	21		 	21		 	—		 	—		 	21		 	20		 	20		
Securities purchased under agreements to resell	941		 	792		 	149		 	19		 	842		 	1,134		 	981		
Trading assets	6,316		 	6,279		 	37		 	1		 	6,288		 	6,586		 	6,289		
Securities available for sale	27,323		 	28,117		 	(794	)	 	(3	)	 	27,502		 	27,216		 	26,569		
Loans held for sale	2,749		 	2,353		 	396		 	17		 	2,243		 	2,052		 	2,165		
Loans held for investment:	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial & industrial	50,189		 	49,538		 	651		 	1		 	47,985		 	45,922		 	45,080		
Commercial real estate	4,910		 	5,094		 	(184	)	 	(4	)	 	5,330		 	5,707		 	6,043		
Commercial construction	1,086		 	1,240		 	(154	)	 	(12	)	 	1,390		 	1,740		 	2,109		
Residential mortgages - guaranteed	6,447		 	6,672		 	(225	)	 	(3	)	 	4,449		 	4,513		 	4,516		
Residential mortgages - nonguaranteed	23,653		 	23,243		 	410		 	2		 	23,517		 	23,224		 	23,443		
Residential home equity products	15,472		 	15,765		 	(293	)	 	(2	)	 	15,980		 	16,169		 	16,382		
Residential construction	924		 	980		 	(56	)	 	(6	)	 	1,046		 	1,118		 	1,208		
Consumer student loans - guaranteed	7,186		 	7,199		 	(13	)	 	—		 	5,333		 	4,620		 	4,477		
Consumer other direct	2,152		 	2,059		 	93		 	5		 	1,945		 	1,863		 	1,786		
Consumer indirect	10,145		 	10,165		 	(20	)	 	—		 	10,003		 	9,630		 	9,469		
Consumer credit cards	527		 	540		 	(13	)	 	(2	)	 	497		 	407		 	419		
Total loans held for investment	122,691		 	122,495		 	196		 	—		 	117,475		 	114,913		 	114,932		
Allowance for loan and lease losses	(2,348	)	 	(2,457	)	 	(109	)	 	(4	)	 	(2,600	)	 	(2,744	)	 	(2,854	)	
Net loans held for investment	120,343		 	120,038		 	305		 	—		 	114,875		 	112,169		 	112,078		
Goodwill	6,344		 	6,344		 	—		 	—		 	6,344		 	6,343		 	6,324		
Other intangible assets	1,155		 	1,017		 	138		 	14		 	1,138		 	1,539		 	1,659		
Other real estate owned	411		 	479		 	(68	)	 	(14	)	 	509		 	483		 	534		
Other assets	7,604		 	7,723		 	(119	)	 	(2	)	 	8,154		 	8,998		 	8,959		
Total assets 1		$178,226		 		$176,859		 		$1,367		 	1	%	 		$172,553		 		$172,173		 		$170,794		
LIABILITIES	 	 	 	 	 	 	 	 	 	 	 	 	 	
Deposits:	 	 	 	 	 	 	 	 	 	 	 	 	 	
Noninterest-bearing consumer and commercial deposits		$36,771		 		$34,359		 		$2,412		 	7	%	 		$32,447		 		$30,591		 		$28,521		
Interest-bearing consumer and commercial deposits:	 	 	 	 	 	 	 	 	 	 	 	 	 	
NOW accounts	25,502		 	26,171		 	(669	)	 	(3	)	 	24,670		 	24,330		 	25,462		
Money market accounts	42,683		 	42,312		 	371		 	1		 	43,236		 	42,427		 	43,055		
Savings	5,134		 	4,664		 	470		 	10		 	4,644		 	4,600		 	4,518		
Consumer time	11,306		 	11,661		 	(355	)	 	(3	)	 	12,177		 	12,598		 	12,747		
Other time	6,322		 	6,444		 	(122	)	 	(2	)	 	6,759		 	7,125		 	7,256		
Total consumer and commercial deposits	127,718		 	125,611		 	2,107		 	2		 	123,933		 	121,671		 	121,559		
Brokered time deposits	2,284		 	2,281		 	3		 	—		 	2,283		 	2,345		 	2,369		
Foreign deposits	30		 	30		 	—		 	—		 	35		 	905		 	57		
Total deposits	130,032		 	127,922		 	2,110		 	2		 	126,251		 	124,921		 	123,985		
Funds purchased	908		 	839		 	69		 	8		 	998		 	939		 	1,150		
Securities sold under agreements to repurchase	1,781		 	1,644		 	137		 	8		 	2,016		 	2,253		 	2,113		
Other short-term borrowings	6,878		 	8,983		 	(2,105	)	 	(23	)	 	3,218		 	2,791		 	2,858		
Long-term debt	11,894		 	10,908		 	986		 	9		 	13,544		 	13,693		 	14,663		
Trading liabilities	1,554		 	1,806		 	(252	)	 	(14	)	 	1,735		 	3,026		 	2,731		
Other liabilities	4,938		 	4,691		 	247		 	5		 	4,591		 	4,890		 	4,071		
    Total liabilities	157,985		 	156,793		 	1,192		 	1		 	152,353		 	152,513		 	151,571		
SHAREHOLDERS’ EQUITY	 	 	 	 	 	 	 	 	 	 	 	 	 	
Preferred stock, no par value	275		 	275		 	—		 	—		 	172		 	172		 	172		
Common stock, $1.00 par value	550		 	550		 	—		 	—		 	550		 	550		 	550		
Additional paid in capital	9,243		 	9,306		 	(63	)	 	(1	)	 	9,314		 	9,330		 	9,324		
Retained earnings	9,198		 	8,978		 	220		 	2		 	8,933		 	8,745		 	8,575		
Treasury stock, at cost, and other	(699	)	 	(792	)	 	(93	)	 	(12	)	 	(795	)	 	(805	)	 	(823	)	
Accumulated other comprehensive income	1,674		 	1,749		 	(75	)	 	(4	)	 	2,026		 	1,668		 	1,425		
    Total shareholders’ equity	20,241		 	20,066		 	175		 	1		 	20,200		 	19,660		 	19,223		
    Total liabilities and shareholders’ equity		$178,226		 		$176,859		 		$1,367		 	1	%	 		$172,553		 		$172,173		 		$170,794		
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Common shares outstanding	538,056		 	536,967		 	1,089		 	—	%	 	537,001		 	536,907		 	536,817		
Common shares authorized	750,000		 	750,000		 	—		 	—		 	750,000		 	750,000		 	750,000		
Preferred shares outstanding	3		 	3		 	—		 	—		 	2		 	2		 	2		
Preferred shares authorized	50,000		 	50,000		 	—		 	—		 	50,000		 	50,000		 	50,000		
Treasury shares of common stock	11,865		 	12,954		 	(1,089	)	 	(8	)	 	12,919		 	13,014		 	13,104		
1 Includes earning assets of $154,950 , $154,696 , $148,991 , $146,367 , and $145,895 , as of March 31 , 2012 , December 31 , 2011 , September 30 , 2011, June 30 , 2011 , and March 31 , 2011 , respectively.

15

	
																																					
SunTrust Banks, Inc. and Subsidiaries
CONSOLIDATED DAILY AVERAGE BALANCES,
AVERAGE YIELDS EARNED AND RATES PAID
(Dollars in millions; yields on taxable-equivalent basis) (Unaudited)	 	 	 	 	 	
 	Three Months Ended	 	Increase/(Decrease) From	 	
 	March 31, 2012	 	December 31, 2011	 	Sequential Quarter	 	Prior Year Quarter	 	
 	Average
Balances  	 	Interest
Income/Expense  	 	Yields/
Rates	 	Average
Balances	 	Interest
Income/Expense  	 	Yields/
Rates	 	Average
Balances	 	Yields/
Rates	 	Average
Balances  	 	Yields/
Rates	 	
ASSETS	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Loans:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial and industrial - FTE  1		$49,542		 		$599		 	4.86	%	 		$48,461		 		$607		 	4.97	%	 		$1,081		 	(0.11	)%	 	$5,361	 	(0.49	)%	 	
Commercial real estate	4,737		 	44		 	3.72		 	4,911		 	46		 	3.73		 	(174	)	 	(0.01	)	 	(983	)	 	(0.04	)	 	
Commercial construction	921		 	9		 	3.89		 	986		 	10		 	3.90		 	(65	)	 	(0.01	)	 	(545	)	 	0.09		 	
Residential mortgages - guaranteed	6,478		 	53		 	3.25		 	5,300		 	44		 	3.31		 	1,178		 	(0.06	)	 	2,173		 	(0.01	)	 	
Residential mortgages - nonguaranteed	21,946		 	259		 	4.71		 	21,852		 	262		 	4.79		 	94		 	(0.08	)	 	(227	)	 	(0.47	)	 	
Home equity products	15,283		 	141		 	3.70		 	15,517		 	145		 	3.72		 	(234	)	 	(0.02	)	 	(931	)	 	(0.08	)	 	
Residential construction	738		 	9		 	5.13		 	780		 	10		 	5.29		 	(42	)	 	(0.16	)	 	(224	)	 	(0.07	)	 	
Guaranteed student loans	7,308		 	71		 	3.93		 	5,970		 	61		 	4.07		 	1,338		 	(0.14	)	 	2,932		 	(0.37	)	 	
Other direct	2,100		 	23		 	4.45		 	1,998		 	23		 	4.57		 	102		 	(0.12	)	 	359		 	(0.56	)	 	
Indirect	10,112		 	100		 	3.99		 	10,058		 	105		 	4.13		 	54		 	(0.14	)	 	639		 	(0.90	)	 	
Credit cards	545		 	14		 	10.59		 	541		 	15		 	10.81		 	4		 	(0.22	)	 	23		 	(0.95	)	 	
Nonaccrual	2,832		 	7		 	1.05		 	3,100		 	9		 	1.18		 	(268	)	 	(0.13	)	 	(1,197	)	 	0.28		 	
Total loans	122,542		 	1,329		 	4.36		 	119,474		 	1,337		 	4.44		 	3,068		 	(0.08	)	 	7,380		 	(0.36	)	 	
Securities available for sale:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Taxable	24,250		 	190		 	3.14		 	24,701		 	192		 	3.10		 	(451	)	 	0.04		 	545		 	0.02		 	
Tax-exempt - FTE  1	420		 	6		 	5.41		 	456		 	6		 	5.45		 	(36	)	 	(0.04	)	 	(129	)	 	(0.13	)	 	
    Total securities available for sale	24,670		 	196		 	3.17		 	25,157		 	198		 	3.14		 	(487	)	 	0.03		 	416		 	—		 	
Securities purchased under agreements to resell	731		 	—		 	0.03		 	850		 	—		 	0.04		 	(119	)	 	0.01		 	(333	)	 	0.02		 	
Loans held for sale	2,649		 	25		 	3.70		 	2,168		 	22		 	4.10		 	481		 	(0.40	)	 	(77	)	 	(0.43	)	 	
Interest-bearing deposits	21		 	—		 	0.21		 	21		 	—		 	0.17		 	—		 	0.04		 	(1	)	 	0.08		 	
Interest earning trading assets	4,010		 	15		 	1.49		 	3,891		 	16		 	1.57		 	119		 	(0.08	)	 	452		 	(1.00	)	 	
Total earning assets	154,623		 	1,565		 	4.07		 	151,561		 	1,573		 	4.12		 	3,062		 	(0.05	)	 	7,837		 	(0.30	)	 	
Allowance for loan and lease losses	(2,428	)	 	 	 	 	 	(2,536	)	 	 	 	 	 	108		 	 	 	424		 	 	 	
Cash and due from banks	4,563		 	 	 	 	 	4,328		 	 	 	 	 	235		 	 	 	(1,922	)	 	 	 	
Other assets	14,893		 	 	 	 	 	15,620		 	 	 	 	 	(727	)	 	 	 	(2,806	)	 	 	 	
Noninterest earning trading assets	2,260		 	 	 	 	 	2,286		 	 	 	 	 	(26	)	 	 	 	(394	)	 	 	 	
Unrealized gains on securities available for sale, net	2,944		 	 	 	 	 	2,826		 	 	 	 	 	118		 	 	 	650		 	 	 	
Total assets		$176,855		 	 	 	 	 		$174,085		 	 	 	 	 		$2,770		 	 	 	$	3,789		 	 	 	
LIABILITIES AND SHAREHOLDERS’ EQUITY	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Interest-bearing deposits:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NOW accounts	$25,262	 		$6		 	0.10	%	 		$24,994		 		$7		 	0.11	%	 		$268		 	(0.01	)%	 	$	(108	)	 	(0.07	)%	 	
Money market accounts	42,489		 	25		 	0.24		 	42,849		 	30		 	0.28		 	(360	)	 	(0.04	)	 	(114	)	 	(0.22	)	 	
Savings	4,860		 	1		 	0.12		 	4,658		 	2		 	0.12		 	202		 	—		 	594		 	(0.01	)	 	
Consumer time	11,472		 	44		 	1.54		 	11,925		 	47		 	1.56		 	(453	)	 	(0.02	)	 	(1,302	)	 	(0.07	)	 	
Other time	6,368		 	28		 	1.69		 	6,593		 	28		 	1.70		 	(225	)	 	(0.01	)	 	(1,049	)	 	(0.09	)	 	
Total interest-bearing consumer and commercial deposits	90,451		 	104		 	0.46		 	91,019		 	114		 	0.50		 	(568	)	 	(0.04	)	 	(1,979	)	 	(0.17	)	 	
Brokered time deposits	2,265		 	23		 	4.03		 	2,259		 	25		 	4.20		 	6		 	(0.17	)	 	(82	)	 	(0.33	)	 	
Foreign deposits	9		 	—		 	0.13		 	34		 	—		 	4.13		 	(25	)	 	(4.00	)	 	(250	)	 	(0.02	)	 	
Total interest-bearing deposits	92,725		 	127		 	0.55		 	93,312		 	139		 	0.59		 	(587	)	 	(0.04	)	 	(2,311	)	 	(0.17	)	 	
Funds purchased	871		 	—		 	0.10		 	969		 	—		 	0.10		 	(98	)	 	—		 	(243	)	 	(0.08	)	 	
Securities sold under agreements to repurchase	1,634		 	1		 	0.14		 	1,897		 	—		 	0.14		 	(263	)	 	—		 	(668	)	 	(0.02	)	 	
Interest-bearing trading liabilities	531		 	2		 	1.73		 	674		 	4		 	2.26		 	(143	)	 	(0.53	)	 	(399	)	 	(1.61	)	 	
Other short-term borrowings	9,170		 	5		 	0.20		 	5,082		 	4		 	0.28		 	4,088		 	(0.08	)	 	6,410		 	(0.21	)	 	
Long-term debt	11,356		 	88		 	3.13		 	12,757		 	102		 	3.17		 	(1,401	)	 	(0.04	)	 	(2,450	)	 	(0.51	)	 	
Total interest-bearing liabilities	116,287		 	223		 	0.77		 	114,691		 	249		 	0.86		 	1,596		 	(0.09	)	 	339		 	(0.30	)	 	
Noninterest-bearing deposits	35,392		 	 	 	 	 	34,053		 	 	 	 	 	1,339		 	 	 	7,112		 		 	
Other liabilities	3,893		 	 	 	 	 	4,040		 	 	 	 	 	(147	)	 	 	 	(62	)	 		 	
Noninterest-bearing trading liabilities	1,027		 	 	 	 	 	1,093		 	 	 	 	 	(66	)	 	 	 	(749	)	 		 	
Shareholders’ equity	20,256		 	 	 	 	 	20,208		 	 	 	 	 	48		 	 	 	(2,851	)	 		 	
Total liabilities and shareholders’ equity		$176,855		 	 	 	 	 		$174,085		 	 	 	 	 		$2,770		 	 	 	$	3,789		 		 	
Interest Rate Spread	 	 	 	 	3.30	%	 	 	 		 	3.26	%	 	 	 	0.04	 %	 	 	 	—	 %	 	
Net Interest Income - FTE  1	 	 		$1,342		 		 	 	 		$1,324		 		 	 	 		 	 	 		 	
Net Interest Margin  2	 	 	 	 	3.49	%	 	 	 	 	 	3.46	%	 	 	 	0.03	 %	 	 	 	(0.04	)%	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
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.

16

 

																																	
SunTrust Banks, Inc. and Subsidiaries
CONSOLIDATED DAILY AVERAGE BALANCES,
AVERAGE YIELDS EARNED AND RATES PAID, continued
(Dollars in millions; yields on taxable-equivalent basis) (Unaudited)	
  	Three Months Ended	
 	September 30, 2011	 	June 30, 2011	 	March 31, 2011	
 	Average
Balances  	 	Interest
Income/
Expense  	 	Yields/Rates	 	Average
Balances  	 	Interest
Income/
Expense  	 	Yields/Rates	 	Average
Balances  	 	Interest
Income/
Expense  	 	Yields/Rates	
ASSETS	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Loans:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial and industrial - FTE  1		$46,261		 		$595		 	5.11	%	 		$45,158		 		$583		 	5.17	%	 		$44,181		 		$583		 	5.35	%	
Commercial real estate	5,192		 	49		 	3.72		 	5,479		 	50		 	3.66		 	5,720		 	53		 	3.76		
Commercial construction	1,043		 	10		 	3.90		 	1,204		 	11		 	3.83		 	1,466		 	14		 	3.80		
Residential mortgages - guaranteed	4,349		 	39		 	3.59		 	4,387		 	39		 	3.57		 	4,305		 	35		 	3.26		
Residential mortgages -nonguaranteed	21,888		 	266		 	4.87		 	21,794		 	273		 	5.01		 	22,173		 	287		 	5.18		
Home equity products	15,718		 	148		 	3.74		 	15,924		 	150		 	3.77		 	16,214		 	151		 	3.78		
Residential construction	826		 	11		 	5.10		 	885		 	12		 	5.24		 	962		 	12		 	5.20		
Guaranteed student loans	4,765		 	52		 	4.35		 	4,552		 	49		 	4.37		 	4,376		 	46		 	4.30		
Other direct	1,906		 	23		 	4.67		 	1,823		 	22		 	4.79		 	1,741		 	22		 	5.01		
Indirect	9,761		 	109		 	4.44		 	9,459		 	111		 	4.70		 	9,473		 	114		 	4.89		
Credit cards	522		 	15		 	11.31		 	457		 	15		 	12.98		 	522		 	15		 	11.54		
Nonaccrual	3,407		 	7		 	0.79		 	3,798		 	10		 	1.08		 	4,029		 	8		 	0.77		
Total loans	115,638		 	1,324		 	4.54		 	114,920			1,325			4.62		 	115,162		 	1,340		 	4.72		
Securities available for sale:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Taxable	23,768		 	195		 	3.29		 	23,711		 	199		 	3.35		 	23,705		 	185		 	3.12		
Tax-exempt - FTE 1	485		 	7		 	5.44		 	517		 	7		 	5.47		 	549		 	7		 	5.54		
    Total securities available for sale	24,253		 	202		 	3.33		 	24,228		 	206		 	3.40		 	24,254		 	192		 	3.17		
Securities purchased under agreements to resell	977		 	—		 	—		 	1,079		 	—		 	—		 	1,064		 	—		 	0.01		
Loans held for sale	2,032		 	21		 	4.11		 	2,104		 	22		 	4.17		 	2,726		 	28		 	4.13		
Interest-bearing deposits	21		 	—		 	0.15		 	23		 	—		 	0.16		 	22		 	—		 	0.13		
Interest earning trading assets	3,915		 	21		 	2.09		 	3,631		 	20		 	2.30		 	3,558		 	22		 	2.49		
Total earning assets	146,836		 	1,568		 	4.23		 	145,985		 	1,573		 	4.32		 	146,786		 	1,582		 	4.37		
Allowance for loan and lease losses	(2,682	)	 	 	 	 	 	(2,740	)	 	 	 	 	 	(2,852	)	 	 	 	 	
Cash and due from banks	5,567		 	 	 	 	 	4,452		 	 	 	 	 	6,485		 	 	 	 	
Other assets	16,676		 	 	 	 	 	17,348		 	 	 	 	 	17,699		 	 	 	 	
Noninterest earning trading assets	2,897		 	 	 	 	 	2,999		 	 	 	 	 	2,654		 	 	 	 	
Unrealized gains on securities available for sale, net	2,782		 	 	 	 	 	2,483		 	 	 	 	 	2,294		 	 	 	 	
Total assets		$172,076		 	 	 	 	 		$170,527		 	 	 	 	 		$173,066		 	 	 	 	
LIABILITIES AND SHAREHOLDERS’ EQUITY	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Interest-bearing deposits:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NOW accounts		$23,979		 		$8		 	0.13	%	 		$24,672		 		$10		 	0.16	%	 		$25,370		 		$11		 	0.17	%	
Money market accounts	43,095		 	39		 	0.36		 	42,865		 	43		 	0.40		 	42,603		 	48		 	0.46		
Savings	4,622		 	2		 	0.15		 	4,587		 	2		 	0.18		 	4,266		 	1		 	0.13		
Consumer time	12,404		 	49		 	1.59		 	12,712		 	51		 	1.60		 	12,774		 	51		 	1.61		
Other time	6,940		 	30		 	1.70		 	7,203		 	31		 	1.74		 	7,417		 	33		 	1.78		
Total interest-bearing consumer and commercial deposits	91,040		 	128		 	0.56		 	92,039		 	137		 	0.60		 	92,430		 	144		 	0.63		
Brokered time deposits	2,303		 	26		 	4.34		 	2,317		 	25		 	4.38		 	2,347		 	25		 	4.36		
Foreign deposits	9		 	—		 	0.13		 	23		 	—		 	0.05		 	259		 	—		 	0.15		
Total interest-bearing deposits	93,352		 	154		 	0.65		 	94,379		 	162		 	0.69		 	95,036		 	169		 	0.72		
Funds purchased	1,069		 	—		 	0.11		 	1,001		 	—		 	0.12		 	1,114		 	—		 	0.18		
Securities sold under agreements to repurchase	2,170		 	1		 	0.15		 	2,264		 	1		 	0.14		 	2,302		 	1		 	0.16		
Interest-bearing trading liabilities	878		 	7		 	2.95		 	922		 	8		 	3.39		 	930		 	8		 	3.34		
Other short-term borrowings	3,063		 	3		 	0.40		 	2,934		 	3		 	0.38		 	2,760		 	3		 	0.41		
Long-term debt	13,667		 	110		 	3.19		 	13,765		 	113		 	3.30		 	13,806		 	124		 	3.64		
Total interest-bearing liabilities	114,199		 	275		 	0.95		 	115,265		 	287		 	1.00		 	115,948		 	305		 	1.07		
Noninterest-bearing deposits	31,934		 	 	 	 	 	29,840		 	 	 	 	 	28,280		 	 	 	 	
Other liabilities	4,069		 	 	 	 	 	3,823		 	 	 	 	 	3,955		 	 	 	 	
Noninterest-bearing trading liabilities	1,874		 	 	 	 	 	2,090		 	 	 	 	 	1,776		 	 	 	 	
Shareholders’ equity	20,000		 	 	 	 	 	19,509		 	 	 	 	 	23,107		 	 	 	 	
Total liabilities and shareholders’ equity		$172,076		 	 	 	 	 	$	170,527		 	 	 	 	 	$	173,066		 	 	 	 	
Interest Rate Spread	 	 	 	 	3.28	%	 	 	 		 	3.32	%	 	 	 		 	3.30	%	
Net Interest Income - FTE 1	 	 		$1,293		 		 	 	 		$1,286		 		 	 	 		$1,277		 		
Net Interest Margin 2	 	 		 	3.49	%	 	 	 		 	3.53	%	 	 	 		 	3.53	%	

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.

17

	
																
SunTrust Banks, Inc. and Subsidiaries
OTHER FINANCIAL DATA
(Dollars in millions) (Unaudited)	
 	 	Three Months Ended March 31	
 	 	 	 	 	 	Increase/(Decrease)	
 	 	2012	 	2011	 	Amount	 	% 4	
CREDIT DATA	 	 	 	 	 	 	 	 	
Allowance for credit losses - beginning	 		$2,505		 		$3,032		 		($527	)	 	(17	)%	
Provision/(benefit) for unfunded commitments	 	4		 	(4	)	 	(8	)	 	NM		
Provision for loan losses	 	 	 	 	 	 	 	 	
Commercial	 	38		 	108		 	(70	)	 	(65	)	
Residential	 	258		 	322		 	(64	)	 	(20	)	
Consumer	 	17		 	21		 	(4	)	 	(19	)	
Total provision for loan losses	 	313		 	451		 	(138	)	 	(31	)	
Charge-offs	 	 	 	 	 	 	 	 	
Commercial	 	(126	)	 	(185	)	 	(59	)	 	(32	)	
Residential	 	(302	)	 	(385	)	 	(83	)	 	(22	)	
Consumer	 	(35	)	 	(45	)	 	(10	)	 	(22	)	
Total charge-offs	 	(463	)	 	(615	)	 	(152	)	 	(25	)	
Recoveries	 	 	 	 	 	 	 	 	
Commercial	 	25		 	29		 	(4	)	 	(14	)	
Residential	 	5		 	5		 	—		 	—		
Consumer	 	11		 	10		 	1		 	10		
Total recoveries	 	41		 	44		 	(3	)	 	(7	)	
Net charge-offs	 	(422	)	 	(571	)	 	(149	)	 	(26	)	
Allowance for credit losses - ending	 		$2,400		 		$2,908		 		($508	)	 	(17	)%	
Components:	 	 	 	 	 	 	 	 	
Allowance for loan and lease losses	 		$2,348		 		$2,854		 		($506	)	 	(18	)%	
Unfunded commitments reserve	 	52		 	54		 	(2	)	 	(4	)	
Allowance for credit losses	 		$2,400		 		$2,908		 		($508	)	 	(17	)%	
Net charge-offs to average loans (annualized)	 	 	 	 	 	 	 	 	
Commercial	 	0.72	%	 	1.19	%	 	(0.47	)%	 	 	
Residential	 	2.57		 	3.37		 	(0.80	)	 	 	
Consumer	 	0.48		 	0.89		 	(0.41	)	 	 	
Total net charge-offs to total average loans	 	1.38	%	 	2.01	%	 	(0.63	)%	 	 	
Period Ended	 	 	 	 	 	 	 	 	
Nonaccrual/nonperforming loans	 	 	 	 	 	 	 	 	
Commercial	 		$815		 		$1,863		 		($1,048	)	 	(56	)%	
Residential	 	1,812		 	2,076		 	(264	)	 	(13	)	
Consumer	 	22		 	32		 	(10	)	 	(31	)	
Total nonaccrual/nonperforming loans	 	2,649		 	3,971		 	(1,322	)	 	(33	)	
Other real estate owned (“OREO”)	 	411		 	534		 	(123	)	 	(23	)	
Other repossessed assets	 	14		 	16		 	(2	)	 	(13	)	
Nonperforming loans held for sale ("LHFS")	 	60		 	47		 	13		 	28		
Total nonperforming assets	 		$3,134		 		$4,568		 		($1,434	)	 	(31	)%	
Accruing restructured loans	 		$2,750		 		$2,643		 		$107		 	4	 %	
Nonaccruing restructured loans	 	714		 	976		 	(262	)	 	(27	)	
Accruing loans past due > 90 days (guaranteed)	 	2,088		 	1,570		 	518		 	33		
Accruing loans past due > 90 days (non-guaranteed)	 	64		 	88		 	(24	)	 	(27	)	
Total nonperforming loans to total loans	 	2.16	%	 	3.46	%	 	(1.30	)%	 	(38	)%	
Total nonperforming assets to total loans plus OREO,
    other repossessed assets, and nonperforming LHFS	 	2.54		 	3.95		 	(1.41	)	 	(36	)	
Allowance to period-end loans 1,2	 	1.92		 	2.49		 	(0.57	)	 	(23	)	
Allowance to period-end loans, excluding government guaranteed loans 1,2,3	 	2.16		 	2.71		 	(0.55	)	 	(20	)	
Allowance to nonperforming loans 1,2	 	89.31		 	72.29		 	17.02		 	24		
Allowance to annualized net charge-offs 1	 	1.38x		 	1.23x		 	0.15x		 	12		
 	 	 	 	 	 	 	 	 	
1 This ratio is computed using the allowance for loan and lease losses.
2 Loans carried at fair value were excluded from the calculation.
3 See Appendix A for reconciliation of non-GAAP performance measures.
4 "NM" - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

18

	
																											
SunTrust Banks, Inc. and Subsidiaries
FIVE QUARTER OTHER FINANCIAL DATA
(Dollars in millions) (Unaudited)	
 	Three Months Ended	
 	March 31	 	December 31	 	Increase/(Decrease)	 	September 30	 	June 30	 	March 31	
 	2012	 	2011	 	Amount	 	% 4	 	2011	 	2011	 	2011	
CREDIT DATA	 	 	 	 	 	 	 	 	 	 	 	 	 	
Allowance for credit losses - beginning		$2,505		 		$2,650		 		($145	)	 	(5	)%	 		$2,795		 		$2,908		 		$3,032		
Provision/(benefit) for unfunded commitments	4		 	(2	)	 	(6	)	 	NM		 	(1	)	 	(3	)	 	(4	)	
Provision for loan losses	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial	38		 	6		 	32		 	NM		 	86		 	124		 	108		
Residential	258		 	304		 	(46	)	 	(15	)	 	236		 	252		 	322		
Consumer	17		 	19		 	(2	)	 	(11	)	 	26		 	19		 	21		
Total provision for loan losses	313		 	329		 	(16	)	 	(5	)	 	348		 	395		 	451		
Charge-offs	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial	(126	)	 	(185	)	 	(59	)	 	(32	)	 	(214	)	 	(220	)	 	(185	)	
Residential	(302	)	 	(305	)	 	(3	)	 	(1	)	 	(282	)	 	(303	)	 	(385	)	
Consumer	(35	)	 	(38	)	 	(3	)	 	(8	)	 	(40	)	 	(40	)	 	(45	)	
Total charge-offs	(463	)	 	(528	)	 	(65	)	 	(12	)	 	(536	)	 	(563	)	 	(615	)	
Recoveries	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial	25		 	42		 	(17	)	 	(40	)	 	29		 	41		 	29		
Residential	5		 	3		 	2		 	67		 	3		 	6		 	5		
Consumer	11		 	11		 	—		 	—		 	12		 	11		 	10		
Total recoveries	41		 	56		 	(15	)	 	(27	)	 	44		 	58		 	44		
Net charge-offs	(422	)	 	(472	)	 	(50	)	 	(11	)	 	(492	)	 	(505	)	 	(571	)	
Allowance for credit losses - ending		$2,400		 		$2,505		 		($105	)	 	(4	)%	 		$2,650		 		$2,795		 		$2,908		
Components:	 	 	 	 	 	 	 	 	 	 	 	 	 	
Allowance for loan and lease losses		$2,348		 		$2,457		 		($109	)	 	(4	)%	 		$2,600		 		$2,744		 		$2,854		
Unfunded commitments reserve	52		 	48		 	4		 	8		 	50		 	51		 	54		
Allowance for credit losses		$2,400		 		$2,505		 		($105	)	 	(4	)%	 		$2,650		 		$2,795		 		$2,908		
Net charge-offs to average loans (annualized)	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial	0.72	%	 	1.02	%	 	(0.30	)%	 	 	 	1.37	%	 	1.34	%	 	1.19	%	
Residential	2.57		 	2.63		 	(0.06	)	 	 	 	2.47		 	2.65		 	3.37		
Consumer	0.48		 	0.58		 	(0.10	)	 	 	 	0.66		 	0.71		 	0.89		
Total net charge-offs to total average loans	1.38	%	 	1.57	%	 	(0.19	)%	 	 	 	1.69	%	 	1.76	%	 	2.01	%	
Period Ended	 	 	 	 	 	 	 	 	 	 	 	 	 	
Nonaccrual/nonperforming loans	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial		$815		 		$926		 		($111	)	 	(12	)%	 		$1,205		 		$1,563		 		$1,863		
Residential	1,812		 	1,951		 	(139	)	 	(7	)	 	2,007		 	2,013		 	2,076		
Consumer	22		 	26		 	(4	)	 	(15	)	 	27		 	34		 	32		
Total nonaccrual/nonperforming loans	2,649		 	2,903		 	(254	)	 	(9	)	 	3,239		 	3,610		 	3,971		
OREO	411		 	479		 	(68	)	 	(14	)	 	509		 	483		 	534		
Other repossessed assets	14		 	10		 	4		 	40		 	15		 	11		 	16		
Nonperforming LHFS	60		 	—		 	60		 	NM		 	—		 	—		 	47		
Total nonperforming assets		$3,134		 		$3,392		 		($258	)	 	(8	)%	 		$3,763		 		$4,104		 		$4,568		
Accruing restructured loans		$2,750		 		$2,820		 		($70	)	 	(2	)%	 		$2,824		 		$2,719		 		$2,643		
Nonaccruing restructured loans	714		 	802		 	(88	)	 	(11	)	 	883		 	923		 	976		
Accruing loans past due > 90 days (guaranteed)	2,088		 	1,971		 	117		 	6		 	1,708		 	1,567		 	1,570		
Accruing loans past due > 90 days (non-guaranteed)	64		 	57		 	7		 	12		 	116		 	69		 	88		
Total nonperforming loans to total loans	2.16	%	 	2.37	%	 	(0.21	)%	 	(9	)%	 	2.76	%	 	3.14	%	 	3.46	%	
Total nonperforming assets to total loans plus OREO,
    other repossessed assets, and nonperforming LHFS	2.54		 	2.76		 	(0.22	)	 	(8	)	 	3.19		 	3.56		 	3.95		
Allowance to period-end loans 1,2	1.92		 	2.01		 	(0.09	)	 	(4	)	 	2.22		 	2.40		 	2.49		
Allowance to period-end loans, excluding government guaranteed loans 1,2,3	2.16		 	2.27		 	(0.11	)	 	(5	)	 	2.42		 	2.61		 	2.71		
Allowance to nonperforming loans 1,2	89.31		 	85.39		 	3.92		 	5		 	80.92		 	76.57		 	72.29		
Allowance to annualized net charge-offs 1	1.38x		 	1.31x		 	0.07x		 	5		 	1.33x		 	1.35x		 	1.23x		
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
1 This ratio is computed using the allowance for loan and lease losses.
2 Loans carried at fair value were excluded from the calculation.
3 See Appendix A for reconciliation of non-GAAP performance measures.
4 "NM" - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

19

	
																
SunTrust Banks, Inc. and Subsidiaries
OTHER FINANCIAL DATA, continued
(Dollars in millions) (Unaudited)	
 	Three Months Ended March 31	
 	Core Deposit  
Intangibles	 	MSRs -
Fair Value	 	Other	 	Total	
OTHER INTANGIBLE ASSET ROLLFORWARD	 	 	 	 	 	 	 	
Balance, beginning of period		$67		 		$1,439		 		$65		 		$1,571		
Amortization	(8	)	 	—		 	(3	)	 	(11	)	
Mortgage Servicing Rights (“MSRs”) originated	—		 	88		 	—		 	88		
Fair value changes due to inputs and assumptions	—		 	70		 	—		 	70		
Other changes in fair value	—		 	(52	)	 	—		 	(52	)	
Sale of MSRs	—		 	(7	)	 	—		 	(7	)	
Balance, March 31, 2011		$59		 		$1,538		 		$62		 		$1,659		
Balance, beginning of period		$38		 		$921		 		$58		 		$1,017		
Amortization	(6	)	 	—		 	(5	)	 	(11	)	
MSRs originated	—		 	83		 	—		 	83		
Fair value changes due to inputs and assumptions	—		 	124		 	—		 	124		
Other changes in fair value	—		 	(57	)	 	—		 	(57	)	
Sale of MSRs	—		 	(1	)	 	—		 	(1	)	
Balance, March 31, 2012		$32		 		$1,070		 		$53		 		$1,155		

															
 	Three Months Ended	
 	March 31       
2012	 	December 31       
2011	 	September 30        
2011	 	June 30      
2011	 	March 31      
2011	
COMMON SHARE ROLLFORWARD (000’s)	 	 	 	 	 	 	 	 	 	
Balance, beginning of period	536,967		 	537,001		 	536,907		 	536,817		 	500,436		
Common shares issued (exchanged) for employee benefit plans, stock option, and restricted stock activity	1,089		 	(34	)	 	94		 	90		 	1,127		
Issuance of common stock - Capital Plan	—		 	—		 	—		 	—		 	35,254		
Balance, end of period	538,056		 	536,967		 	537,001		 	536,907		 	536,817		

20

	
																				
SunTrust Banks, Inc. and Subsidiaries
RECONCILEMENT OF NON-GAAP MEASURES
APPENDIX A TO THE EARNINGS RELEASE
(Dollars in millions, except per share data) (Unaudited)	
 	Three Months Ended	
 	March 31	 	December 31	 	September 30	 	June 30	 	March 31	
 	2012	 	2011	 	2011	 	2011	 	2011	
NON-GAAP MEASURES PRESENTED IN THE EARNINGS RELEASE 1	
Efficiency ratio 2	69.50	%	 	81.45	%	 	71.05	%	 	70.17	%	 	67.83	%	
Impact of excluding amortization of intangible assets	(0.48	)	 	(0.46	)	 	(0.50	)	 	(0.53	)	 	(0.51	)	
Tangible efficiency ratio 3	69.02	%	 	80.99	%	 	70.55	%	 	69.64	%	 	67.32	%	
Total shareholders' equity		$20,241		 		$20,066		 		$20,200		 		$19,660		 		$19,223		
Goodwill, net of deferred taxes of $164 million, $154 million, $149 million, $144 million, and $139 million, respectively	(6,180	)	 	(6,190	)	 	(6,195	)	 	(6,199	)	 	(6,185	)	
Other intangible assets, net of deferred taxes of $14 million, $16 million, $18 million, $21 million, and $24 million, respectively, and MSRs	(1,142	)	 	(1,001	)	 	(1,120	)	 	(1,518	)	 	(1,635	)	
MSRs	1,070		 	921		 	1,033		 	1,423		 	1,538		
Tangible equity	13,989		 	13,796		 	13,918		 	13,366		 	12,941		
Preferred stock	(275	)	 	(275	)	 	(172	)	 	(172	)	 	(172	)	
Tangible common equity		$13,714		 		$13,521		 		$13,746		 		$13,194		 		$12,769		
Total assets		$178,226		 		$176,859		 		$172,553		 		$172,173		 		$170,794		
Goodwill	(6,344	)	 	(6,344	)	 	(6,344	)	 	(6,343	)	 	(6,324	)	
Other intangible assets including MSRs	(1,155	)	 	(1,017	)	 	(1,138	)	 	(1,539	)	 	(1,659	)	
MSRs	1,070		 	921		 	1,033		 	1,423		 	1,538		
Tangible assets		$171,797		 		$170,419		 		$166,104		 		$165,714		 		$164,349		
Tangible equity to tangible assets 4	8.14	%	 	8.10	%	 	8.38	%	 	8.07	%	 	7.87	%	
Tangible book value per common share 5		$25.49		 		$25.18		 		$25.60		 		$24.57		 		$23.79		
Net interest income		$1,311		 		$1,294		 		$1,263		 		$1,259		 		$1,249		
Taxable-equivalent adjustment	31		 	30		 	30		 	27		 	28		
Net interest income - FTE	1,342		 	1,324		 	1,293		 	1,286		 	1,277		
Noninterest income	876		 	723		 	903		 	912		 	883		
Total revenue - FTE	2,218		 	2,047		 	2,196		 	2,198		 	2,160		
Securities gains, net	(18	)	 	(19	)	 	(2	)	 	(32	)	 	(64	)	
Total revenue - FTE excluding net securities gains 6		$2,200		 		$2,028		 		$2,194		 		$2,166		 		$2,096		
 	 	 	 	 	 	 	 	 	 	
Total loans		$122,691		 		$122,495		 		$117,475		 		$114,913		 		$114,932		
Government guaranteed loans	(13,633	)	 	(13,871	)	 	(9,782	)	 	(9,133	)	 	(8,993	)	
Loans held at fair value	(413	)	 	(433	)	 	(452	)	 	(449	)	 	(457	)	
Total loans, excluding government guaranteed and fair value loans		$108,645		 		$108,191		 		$107,241		 		$105,331		 		$105,482		
Allowance to total loans, excluding government guaranteed and fair value loans 7	2.16	%	 	2.27	%	 	2.42	%	 	2.61	%	 	2.71	%	
 	 	 	 	 	 	 	 	 	 	
1 Certain amounts in this schedule are presented net of applicable income taxes, which are calculated based on each subsidiary’s federal and state tax rates and laws. In general, the federal marginal tax rate is 35%, but the state marginal tax rates range from 1% to 8% in accordance with the subsidiary’s income tax filing requirements with various tax authorities. In addition, the effective tax rate may differ from the federal and state marginal tax rates in certain cases where a permanent difference exists.
2 Computed by dividing noninterest expense by total revenue - FTE. The FTE basis adjusts for the tax-favored status of net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources.
3 SunTrust presents a tangible efficiency ratio which excludes the amortization of intangible assets other than MSRs. The Company believes this measure is useful to investors because, by removing the effect of these intangible asset costs (the level of which may vary from company to company), it allows investors to more easily compare the Company’s efficiency to other companies in the industry. This measure is utilized by management to assess the efficiency of the Company and its lines of business.
4 SunTrust presents a tangible equity to tangible assets ratio that excludes the after-tax impact of purchase accounting intangible assets. The Company believes this measure is useful to investors because, by removing the effect of intangible assets that result from merger and acquisition activity (the level of which may vary from company to company), it allows investors to more easily compare the Company’s capital adequacy to other companies in the industry. This measure is used by management to analyze capital adequacy.
5 SunTrust presents a tangible book value per common share that excludes the after-tax impact of purchase accounting intangible assets and also excludes preferred stock from tangible equity. The Company believes this measure is useful to investors because, by removing the effect of intangible assets that result from merger and acquisition activity as well as preferred stock (the level of which may vary from company to company), it allows investors to more easily compare the Company’s book value on common stock to other companies in the industry.
6 SunTrust presents total revenue - FTE excluding net securities gains. The Company believes noninterest income without net securities gains is more indicative of the Company’s performance because it isolates income that is primarily client relationship and client transaction driven and is more indicative of normalized operations.
7 SunTrust presents a ratio of allowance to total loans, excluding government guaranteed and fair value loans, to exclude loans from the calculation that are held at fair value with no related allowance and loans guaranteed by a government agency that do not have an associated allowance recorded due to nominal risk of principal loss.

21

	
																				
SunTrust Banks, Inc. and Subsidiaries
RECONCILEMENT OF NON-GAAP MEASURES
APPENDIX A TO THE EARNINGS RELEASE, continued
(Dollars in millions, except per share data) (Unaudited)	
 	Three Months Ended	
 	March 31	 	December 31	 	September 30	 	June 30	 	March 31	
 	2012	 	2011	 	2011	 	2011	 	2011	
NON-GAAP MEASURES PRESENTED IN THE EARNINGS RELEASE 1	
Net income available to common shareholders		$245		 		$71		 		$211		 		$174		 		$38		
Accelerated accretion associated with repurchase of preferred stock issued to the U.S. Treasury	—		 	—		 	—		 	—		 	74		
Net income available to common shareholders excluding accelerated accretion associated with repurchase of preferred stock issued to the U.S. Treasury		$245		 		$71		 		$211		 		$174		 		$112		
Net income per average common share - diluted		$0.46		 		$0.13		 		$0.39		 		$0.33		 		$0.08		
Effect of accelerated accretion associated with repurchase of preferred stock issued to the U.S. Treasury	—		 	—		 	—		 	—		 	0.14		
Net income per average common share - diluted, excluding effect of accelerated accretion associated with repurchase of preferred stock issued to the U.S. Treasury		$0.46		 		$0.13		 		$0.39		 		$0.33		 		$0.22		

 	 	 	 	 	 	 	 	 	 	
RECONCILIATION OF NET INCOME AVAILABLE TO COMMON SHAREHOLDERS:	 	 	 	 	
Net income		$250		 		$74		 		$215		 		$178		 		$180		
Preferred dividends	(3	)	 	(2	)	 	(2	)	 	(2	)	 	(2	)	
Dividends and accretion of discount on preferred stock issued to the U.S. Treasury	—		 	—		 	—		 	—		 	(66	)	
Accelerated accretion associated with repurchase of preferred stock issued to the U.S. Treasury	—		 	—		 	—		 	—		 	(74	)	
Dividends and undistributed earnings allocated to unvested shares	(2	)	 	(1	)	 	(2	)	 	(2	)	 	—		
Net income available to common shareholders		$245		 		$71		 		$211		 		$174		 		$38		

1  	Certain amounts in this schedule are presented net of applicable income taxes, which are calculated based on each subsidiary’s federal and state tax rates and laws. In general, the federal marginal tax rate is 35%, but the state marginal tax rates range from 1% to 8% in accordance with the subsidiary’s income tax filing requirements with various tax authorities. In addition, the effective tax rate may differ from the federal and state marginal tax rates in certain cases where a permanent difference exists.	

22

	
											
SunTrust Banks, Inc. and Subsidiaries
CONSUMER BANKING AND PRIVATE WEALTH MANAGEMENT
(Dollars in millions)    (Unaudited)	
 	Three Months Ended March 31	
 	2012	 	2011	 	% Change 	
Statements of Income	 	 	 	 	 	
     Net interest income  1		$634		 		$619		 	2	 %	
FTE adjustment	—		 	—		 	—		
Net interest income - FTE	634		 	619		 	2		
     Provision for credit losses  2	155		 	202		 	(23	)	
Net interest income - FTE - after provision for credit losses	479		 	417		 	15		
Noninterest income before securities gains/(losses)	323		 	359		 	(10	)	
Securities gains/(losses), net	—		 	—		 	—		
Total noninterest income	323		 	359		 	(10	)	
Noninterest expense before amortization of intangible assets	700		 	694		 	1		
Amortization of intangible assets	7		 	9		 	(22	)	
Total noninterest expense	707		 	703		 	1		
Income before provision for income taxes	95		 	73		 	30		
Provision for income taxes	34		 	27		 	26		
FTE adjustment	—		 	—		 	—		
Net income including income attributable to noncontrolling interest	61		 	46		 	33		
Less: net income attributable to noncontrolling interest	—		 	—		 	—		
Net income		$61		 		$46		 	33		
 	 	 	 	 	 	
Total revenue - FTE		$957		 		$978		 	(2	)	
Selected Average Balances	 	 	 	 	 	
Total loans		$41,462		 		$38,856		 	7	 %	
Goodwill	3,752		 	3,725		 	1		
Other intangible assets excluding MSRs	63		 	92		 	(32	)	
Total assets	46,105		 	43,418		 	6		
Consumer and commercial deposits	76,809		 	75,975		 	1		
Performance Ratios	 	 	 	 	 	
Efficiency ratio	73.90	 %	 	71.92	 %	 	 	
Impact of excluding amortization of intangible assets	(3.36	)	 	(3.79	)	 	 	
Tangible efficiency ratio	70.54	 %	 	68.13	 %	 	 	
Other Information (End of Period) 3	 	 	 	 	 	
     Assets under administration	 	 	 	 	 	
Managed (discretionary) assets		$47,767		 		$48,863		 	(2	)%	
Non-managed assets	38,755		 	41,054		 	(6	)	
Total assets under administration	86,522		 	89,917		 	(4	)	
Brokerage assets	37,715		 	35,685		 	6		
Corporate trust assets	11,761		 	10,429		 	13		
Total assets under advisement		$135,998		 		$136,031		 	—		

1  	Net interest income does not include the funding benefit that would result from holding shareholders’ equity at the line of business level due to the fact that shareholder’s equity is not allocated to the lines of business at this time.	
		
2  	Provision for credit losses represents net charge-offs for the lines of business.	
		
3  	Reflects the assets under administration/advisement for Private Wealth Management clients. The Wholesale Banking segment includes additional assets under administration/advisement for GenSpring and RidgeWorth clients.	

23

	
											
SunTrust Banks, Inc. and Subsidiaries
WHOLESALE BANKING
(Dollars in millions)    (Unaudited)	
 	Three Months Ended March 31	
 	2012	 	2011	 	% Change  4	
Statements of Income	 	 	 	 	 	
     Net interest income 1		$429		 		$389		 	10	 %	
FTE adjustment	29		 	26		 	12		
Net interest income - FTE	458		 	415		 	10		
     Provision for credit losses 2	101		 	146		 	(31	)	
Net interest income - FTE - after provision for credit losses	357		 	269		 	33		
Noninterest income before securities gains/(losses)	379		 	388		 	(2	)	
Securities gains/(losses), net	—		 	—		 	—		
Total noninterest income	379		 	388		 	(2	)	
Noninterest expense before amortization of intangible assets	512		 	532		 	(4	)	
Amortization of intangible assets	3		 	1		 	NM		
Total noninterest expense	515		 	533		 	(3	)	
Income - FTE - before provision/(benefit) for income taxes	221		 	124		 	78		
Provision/(benefit) for income taxes	30		 	(3	)	 	NM		
FTE adjustment	29		 	26		 	12		
Net income including income attributable to noncontrolling interest	162		 	101		 	60		
Less: net income attributable to noncontrolling interest	8		 	5		 	60		
Net income		$154		 		$96		 	60		
 	 	 	 	 	 	
Total revenue - FTE		$837		 		$803		 	4		
Selected Average Balances	 	 	 	 	 	
Total loans		$50,269		 		$46,997		 	7	 %	
Goodwill	2,592		 	2,598		 	—		
Other intangible assets excluding MSRs	25		 	31		 	(19	)	
Total assets	63,358		 	61,282		 	3		
Consumer and commercial deposits	45,780		 	41,581		 	10		
Performance Ratios	 	 	 	 	 	
Efficiency ratio	61.59	 %	 	66.50	 %	 	 	
Impact of excluding amortization of intangible assets	(2.09	)	 	(2.41	)	 	 	
Tangible efficiency ratio	59.50	 %	 	64.09	 %	 	 	
Other Information (End of Period) 3	 	 	 	 	 	
     Assets under administration	 	 	 	 	 	
Managed (discretionary) assets		$55,367		 		$55,730		 	(1	)%	
Non-managed assets	8,081		 	10,133		 	(20	)	
Total assets under administration	63,448		 	65,863		 	(4	)	
Brokerage assets	—		 	—		 	—		
Corporate trust assets	—		 	—		 	—		
Total assets under advisement		$63,448		 		$65,863		 	(4	)	

1  	Net interest income does not include the funding benefit that would result from holding shareholders’ equity at the line of business level due to the fact that shareholder’s equity is not allocated to the lines of business at this time.	
		
2  	Provision for credit losses represents net charge-offs for the lines of business.	
		
3  	Reflects the assets under administration/advisement for GenSpring and RidgeWorth clients. The Consumer Banking and Private Wealth Management segment includes additional assets under administration/advisement for Private Wealth Management clients.	
4   “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

24

	
											
SunTrust Banks, Inc. and Subsidiaries
MORTGAGE BANKING
(Dollars in millions)    (Unaudited)	
 	Three Months Ended March 31	
 	2012	 	2011	 	% Change 	
Statements of Income	 	 	 	 	 	
Net interest income 1		$126		 		$120		 	5	 %	
FTE adjustment	—		 	—		 	—		
Net interest income - FTE	126		 	120		 	5		
Provision for credit losses 2	166		 	223		 	(26	)	
Net interest income - FTE - after provision for credit losses	(40	)	 	(103	)	 	61		
Noninterest income before securities gains/(losses)	157		 	81		 	94		
Securities gains/(losses), net	—		 	—		 	—		
Total noninterest income	157		 	81		 	94		
Noninterest expense before amortization of intangible assets	334		 	248		 	35		
Amortization of intangible assets	—		 	—		 	—		
Total noninterest expense	334		 	248		 	35		
Loss before benefit for income taxes	(217	)	 	(270	)	 	20		
Benefit for income taxes	(85	)	 	(104	)	 	18		
FTE adjustment	—		 	—		 	—		
Net loss including income attributable to noncontrolling interest	(132	)	 	(166	)	 	20		
Less: net income attributable to noncontrolling interest	—		 	—		 	—		
Net loss		($132	)	 		($166	)	 	20		
 	 	 	 	 	 	
Total revenue - FTE		$283		 		$201		 	41		
Selected Average Balances		 		 		
Total loans		$30,796		 		$29,315		 	5	 %	
Goodwill	—		 	—		 	—		
Other intangible assets excluding MSRs	—		 	—		 	—		
Total assets	35,235		 	34,537		 	2		
Consumer and commercial deposits	3,199		 	2,983		 	7		
Performance Ratios		 		 	 	
Efficiency ratio	117.93	%	 	123.46	%	 	 	
Impact of excluding amortization of intangible assets	—		 	—		 	 	
Tangible efficiency ratio	117.93	%	 	123.46	%	 	 	
Other Information		 		 	 	
Production Data		 		 	 	
Channel mix		 		 	 	
Retail		$4,187		 		$3,716		 	13	 %	
Wholesale	1,321		 	769		 	72		
Correspondent	2,165		 	1,266		 	71		
Total production		$7,673		 		$5,751		 	33		
Channel mix - percent		 		 	 	
Retail	55	%	 	65	%	 	 	
Wholesale	17		 	13		 	 	
Correspondent	28		 	22		 	 	
Total production	100	%	 	100	%	 	 	
Purchase and refinance mix		 		 	 	
Refinance		$5,845		 		$4,077		 	43		
Purchase	1,828		 	1,674		 	9		
Total production		$7,673		 		$5,751		 	33		
Purchase and refinance mix - percent		 		 	 	
Refinance	76	%	 	71	%	 	 	
Purchase	24		 	29		 	 	
Total production	100	%	 	100	%	 	 	
 	 	 	 	 	 	
Applications		$16,676		 		$9,094		 	83		
Mortgage Servicing Data (End of Period)	 	 	 	 	 	
Total loans serviced		$155,351		 		$164,463		 	(6	)%	
Total loans serviced for others	121,444		 	132,685		 	(8	)	
Net carrying value of MSRs	1,070		 	1,538		 	(30	)	
Ratio of net carrying value of MSRs to total loans serviced for others	0.881	%	 	1.159	%	 		

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

25

	
											
SunTrust Banks, Inc. and Subsidiaries
CORPORATE OTHER
(Dollars in millions) (Unaudited)	
 	Three Months Ended March 31	
 	2012	 	2011	 	% Change 3	
Statements of Income	 	 	 	 	 	
   Net interest income		$122		 		$121		 	1	 %	
FTE adjustment	2		 	2		 	—		
Net interest income - FTE	124		 	123		 	1		
   Provision for credit losses 1	(105	)	 	(124	)	 	15		
Net interest income - FTE - after provision for credit losses	229		 	247		 	(7	)	
Noninterest income before securities gains	(1	)	 	(9	)	 	89		
Securities gains, net	18		 	64		 	(72	)	
   Total noninterest income	17		 	55		 	(69	)	
Noninterest expense before amortization of intangible assets	(16	)	 	(20	)	 	20		
Amortization of intangible assets	1		 	1		 	—		
   Total noninterest expense	(15	)	 	(19	)	 	21		
Income - FTE - before provision for income taxes	261		 	321		 	(19	)	
Provision for income taxes	90		 	113		 	(20	)	
FTE adjustment	2		 	2		 	—		
Net income including income attributable to noncontrolling interest	169		 	206		 	(18	)	
Less: net income attributable to noncontrolling interest	2		 	2		 	—		
Net income		$167		 		$204		 	(18	)	
 	 	 	 	 	 	
Total revenue - FTE		$141		 		$178		 	(21	)	
Selected Average Balances
 		 		 		
Total loans		$15		 		($6	)	 	NM		
Securities available for sale	24,462		 	24,027		 	2		
Goodwill	—		 	—		 	—		
Other intangible assets excluding MSRs	3		 	3		 	—		
Total assets	32,157		 	33,829		 	(5	)	
Consumer and commercial deposits	55		 	171		 	(68	)	
Other Information		 		 	 	
Duration of investment portfolio	2.5	 %	 	3.2	 %	 	 	
   Accounting net interest income interest rate sensitivity 2 :		 		 	 	
% Change in net interest income under:		 		 	 	
           Instantaneous 100 bp increase in rates over next 12 months	2.0	 %	 	(0.1	)%	 	 	
           Instantaneous 100 bp decrease in rates over next 12 months	(1.7	)%	 	(1.0	)%	 	 	
   Economic net interest income interest rate sensitivity 2 :		 		 	 	
% Change in net interest income under:		 		 	 	
           Instantaneous 100 bp increase in rates over next 12 months	1.7	 %	 	(0.5	)%	 	 	
           Instantaneous 100 bp decrease in rates over next 12 months	(1.6	)%	 	(0.8	)%	 	 	

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

26

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

											
 	Three Months Ended March 31	
 	2012	 	2011	 	% Change 1	
Statements of Income	 	 	 	 	 	
Net interest income		$1,311		 		$1,249		 	5	 %	
FTE adjustment	31		 	28		 	11		
Net interest income - FTE	1,342		 	1,277		 	5		
Provision for credit losses	317		 	447		 	(29	)	
Net interest income - FTE - after provision for credit losses	1,025		 	830		 	23		
Noninterest income before securities gains	858		 	819		 	5		
Securities gains, net	18		 	64		 	(72	)	
Total noninterest income	876		 	883		 	(1	)	
Noninterest expense before amortization of intangible assets	1,530		 	1,454		 	5		
Amortization of intangible assets	11		 	11		 	—		
Total noninterest expense	1,541		 	1,465		 	5		
Income - FTE - before provision for income taxes	360		 	248		 	45		
Provision for income taxes	69		 	33		 	NM		
FTE adjustment	31		 	28		 	11		
Net income including income attributable to noncontrolling interest	260		 	187		 	39		
Less: net income attributable to noncontrolling interest	10		 	7		 	43		
Net income		$250		 		$180		 	39		
 	 	 	 	 	 	
Total revenue - FTE		$2,218		 		$2,160		 	3		
Selected Average Balances		 		 		
Total loans		$122,542		 		$115,162		 	6	 %	
Goodwill	6,344		 	6,323		 	—		
Other intangible assets excluding MSRs	91		 	126		 	(28	)	
Total assets	176,855		 	173,066		 	2		
Consumer and commercial deposits	125,843		 	120,710		 	4		
Performance Ratios		 		 		
Efficiency ratio	69.50	 %	 	67.83	 %	 		
Impact of excluding amortization of intangible assets	(0.48	)	 	(0.51	)	 		
Tangible efficiency ratio	69.02	 %	 	67.32	 %	 		
Other Information (End of Period)	 	 	 	 	 	
     Assets under administration	 	 	 	 	 	
Managed (discretionary) assets		$103,134		 		$104,593		 	(1	)%	
Non-managed assets	46,836		 	51,187		 	(9	)	
Total assets under administration	149,970		 	155,780		 	(4	)	
Brokerage assets	37,715		 	35,685		 	6		
Corporate trust assets	11,761		 	10,429		 	13		
Total assets under advisement		$199,446		 		$201,894		 	(1	)	

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

27

SunTrust Banks, Inc. 1Q 2012 Earnings Presentation April 23, 2012

 

2 Important Cautionary Statement The following should be read in conjunction with the financial statements, notes and other information contained in the Company’s 2011 Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. This presentation includes non-GAAP financial measures to describe SunTrust’s performance. The reconciliations of those measures to GAAP measures are provided within or in the appendix of this presentation. In this presentation, net interest income and net interest margin are presented on a fully taxable-equivalent (“FTE”) basis, and ratios are presented on an annualized basis. The FTE basis adjusts for the tax-favored status of income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and provides relevant comparison between taxable and non-taxable amounts. This presentation contains forward-looking statements. Statements regarding future levels of or impact of mortgage repurchase demands, future levels of non-performing loans and net charge-offs, future levels of net interest income and net interest margin, and efficiency and cost-saving goals are forward-looking statements. Also, any statement that does not describe historical or current facts is a forward-looking statement. These statements often include the words “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “goals,” “targets,” “initiatives,” “potentially,” “probably,” “projects,” “outlook” or similar expressions or future conditional verbs such as “may,” “will,” “should,” “would,” and “could.” Forward-looking statements are based upon the current beliefs and expectations of management and on information currently available to management. Our statements speak as of the date hereof, and we do not assume any obligation to update these statements or to update the reasons why actual results could differ from those contained in such statements in light of new information or future events. Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward-looking statements. Factors that could cause actual results to differ materially from those described in the forward-looking statements can be found in Part I, “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2011, and in other periodic reports that we file with the SEC. Those factors include: as one of the largest lenders in the Southeast and Mid-Atlantic U.S. and a provider of financial products and services to consumers and businesses across the U.S., our financial results have been, and may continue to be, materially affected by general economic conditions, particularly unemployment levels and home prices in the U.S., and a deterioration of economic conditions or of the financial markets may materially adversely affect our lending and other businesses and our financial results and condition; legislation and regulation, including the Dodd-Frank Act, as well as future legislation and/or regulation, could require us to change certain of our business practices, reduce our revenue, impose additional costs on us or otherwise adversely affect our business operations and/or competitive position; we are subject to capital adequacy and liquidity guidelines and, if we fail to meet these guidelines, our financial condition would be adversely affected; loss of customer deposits and market illiquidity could increase our funding costs; we rely on the mortgage secondary market and GSEs for some of our liquidity; we are subject to credit risk; our ALLL may not be adequate to cover our eventual losses; we may have more credit risk and higher credit losses to the extent our loans are concentrated by loan type, industry segment, borrower type, or location of the borrower or collateral; we will realize future losses if the proceeds we receive upon liquidation of nonperforming assets are less than the carrying value of such assets; a downgrade in the U.S. government's sovereign credit rating, or in the credit ratings of instruments issued, insured or guaranteed by related institutions, agencies or instrumentalities, could result in risks to us and general economic conditions that we are not able to predict; the failure of the European Union to stabilize the fiscal condition and creditworthiness of its weaker member economies, such as Greece, Portugal, Spain, Hungary, Ireland, and Italy, could have international implications potentially impacting global financial institutions, the financial markets, and the economic recovery underway in the U.S.; weakness in the real estate market, including the secondary residential mortgage loan markets, has adversely affected us and may continue to adversely affect us; we are subject to certain risks related to originating and selling mortgages, and may be required to repurchase mortgage loans or indemnify mortgage loan purchasers as a result of breaches of representations and warranties, borrower fraud, or as a result of certain breaches of our servicing agreements, and this could harm our liquidity, results of operations, and financial condition; financial difficulties or credit downgrades of mortgage and bond insurers may adversely affect our servicing and investment portfolios; we may be terminated as a servicer or master servicer, be required to repurchase a mortgage loan or reimburse investors for credit losses on a mortgage loan, or incur costs, liabilities, fines and other sanctions if we fail to satisfy our servicing obligations, including our obligations with respect to mortgage loan foreclosure actions; we are subject to risks related to delays in the foreclosure process; we may continue to suffer increased losses in our loan portfolio despite enhancement of our underwriting policies and practices; our mortgage production and servicing revenue can be volatile; as a financial services company, adverse changes in general business or economic conditions could have a material adverse effect on our financial condition and results of operations; changes in market interest rates or capital markets could adversely affect our revenue and expense, the value of assets and obligations, and the availability and cost of capital and liquidity; changes in interest rates could also reduce the value of our MSRs and mortgages held for sale, reducing our earnings; the fiscal and monetary policies of the federal government and its agencies could have a material adverse effect on our earnings; depressed market values for our stock may require us to write down goodwill; clients could pursue alternatives to bank deposits, causing us to lose a relatively inexpensive source of funding; consumers may decide not to use banks to complete their financial transactions, which could affect net income; we have businesses other than banking which subject us to a variety of risks; hurricanes and other disasters may adversely affect loan portfolios and operations and increase the cost of doing business; negative public opinion could damage our reputation and adversely impact business and revenues; a failure in or breach of our operational or security systems or infrastructure, or those of our third party vendors and other service providers, including as a result of cyber attacks, could disrupt our businesses, result in the disclosure or misuse of confidential or proprietary information, damage our reputation, increase our costs and cause losses; we rely on other companies to provide key components of our business infrastructure; the soundness of other financial institutions could adversely affect us; we depend on the accuracy and completeness of information about clients and counterparties; regulation by federal and state agencies could adversely affect the business, revenue, and profit margins; competition in the financial services industry is intense and could result in losing business or margin declines; maintaining or increasing market share depends on market acceptance and regulatory approval of new products and services; we might not pay dividends on your common stock; our ability to receive dividends from our subsidiaries could affect our liquidity and ability to pay dividends; disruptions in our ability to access global capital markets may adversely affect our capital resources and liquidity; any reduction in our credit rating could increase the cost of our funding from the capital markets; we have in the past and may in the future pursue acquisitions, which could affect costs and from which we may not be able to realize anticipated benefits; we are subject to certain litigation, and our expenses related to this litigation may adversely affect our results; we may incur fines, penalties and other negative consequences from regulatory violations, possibly even inadvertent or unintentional violations; we depend on the expertise of key personnel, and if these individuals leave or change their roles without effective replacements, operations may suffer; we may not be able to hire or retain additional qualified personnel and recruiting and compensation costs may increase as a result of turnover, both of which may increase costs and reduce profitability and may adversely impact our ability to implement our business strategies; our accounting policies and processes are critical to how we report our financial condition and results of operations, and they require management to make estimates about matters that are uncertain; changes in our accounting policies or in accounting standards could materially affect how we report our financial results and condition; our stock price can be volatile; our framework for managing risks may not be effective in mitigating risk and loss to us; our disclosure controls and procedures may not prevent or detect all errors or acts of fraud; our financial instruments carried at fair value expose us to certain market risks; our revenues derived from our investment securities may be volatile and subject to a variety of risks; and we may enter into transactions with off-balance sheet affiliates or our subsidiaries.

 

3 Earnings Balance Sheet Revenue Expenses Credit and Capital • Net income to common shareholders of $245 million; earnings per share of $0.46 • Meaningful increases from prior quarter and prior year driven by improved core performance • Average performing loans up 3% from 4Q 11 and 8% from 1Q 11 • Favorable lower-cost deposit trends continued; average DDA grew 4% from prior quarter and 25% from prior year • Net interest income up from prior quarter and prior year; net interest margin expanded 3 bps sequentially • Fee income increased from 4Q 11, driven by strong mortgage revenue; fee income stable to 1Q 11, despite lower debit interchange income • Expenses declined from 4Q 11 • Continued progress made on PPG Expense Program • All primary credit metrics again improved – NCOs down 11% sequentially • Tier 1 common ratio remained healthy at 9.30% (estimated) 1Q 12 Summary

 

4 ($ in millions, except per share data) Income Statement Highlights Financial Highlights Key Points EPS Up Meaningfully from Prior Quarter and Prior Year Prior Quarter Variance • EPS increase of $0.33  Revenue increase driven by higher net interest income and mortgage-related fee income  Expense decline primarily due to 4Q 11 accrual for potential mortgage servicing settlement and 1Q 12 decline in credit-related expenses, partially offset by seasonal increase in employee benefits Prior Year Variance • EPS increase of $0.38  Net interest income growth, primarily from improved deposit mix and pricing and loan growth  Improved credit quality / lower provision  Elimination of TARP preferred dividends  1Q 11 EPS included $0.14 non-cash charge associated with TARP redemption  Partially offset by higher expenses 1Q 11 4Q 11 1Q 12 Net Interest Income (FTE) $1,277 $1,324 $1,342 Noninterest Income 883 723 876 Total Revenue (FTE) 2,160 2,047 2,218 Provision for Credit Losses 447 327 317 Noninterest Expense 1,465 1,667 1,541 Net Income 180 74 250 Preferred Dividends and Other 142 3 5 Net Income to Common Shareholders $38 $71 $245 Net Income per Share $0.08 $0.13 $0.46

 

5 Net Interest Income Net Interest Income, FTE Key Points Both Net Interest Income and Margin Increased ($ in millions) Prior Quarter Variance • Net Interest Income increased $18 million, or 1%  Interest income declined $8 million due to lower loan yields  Interest expense declined $26 million as a result of lower customer deposit rates, DDA growth, and reduction in long-term debt • Net Interest Margin increased, as a decline in rates paid on interest-bearing liabilities more than offset lower loan yields Prior Year Variance • Net Interest Income grew $65 million, or 5%  Interest income was down modestly, as an increase in loans was offset by a reduction in interest-earning asset yields  Interest expense was down significantly, driven by DDA growth, lower customer deposit rates paid, and continued reduction in higher-cost funding $1,277 $1,286 $1,293 $1,324 $1,342 3.53% 3.53% 3.49% 3.46% 3.49% 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 Net Interest Income Net Interest Margin

 

6 $823 $861 $840 $739 $881 $60 $51 $63 ($16) ($5) 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 Adjusted Noninterest Income Adjustment Items¹ Noninterest Income Noninterest Income Key Points Noninterest Income Increased from 4Q 11 1. Please refer to the appendix for adjustment detail ($ in millions) Prior Quarter Variance • Noninterest Income increased $153 million, or 21%  Mortgage production income up $125 million due to higher production volume, wider gain on sale margins, and a decline in the mortgage repurchase provision  Mortgage servicing was $59 million higher due to improved net hedge performance and the 4Q 11 HARP 2.0-related MSR write-down of $38 million Prior Year Variance • Adjusted Noninterest Income improved by $58 million, or 7%  Mortgage production income up $64 million due to higher volume and gain on sale margins  Partially offset by lower card fees (due to debit interchange regulations) $883 $912 $903 $723 $876

 

7 Repurchase demands declined in 1Q 12 – variability in demands continued Summary Statistics Mortgage repurchase reserve increased as a result of new demands and timing of charge-offs 1. Includes estimates 2. Amount is an estimate and is included in the $97 billion of remaining UPB NOTE: Totals may not foot due to rounding Pending demands declined in 1Q 12 mostly driven by lower FNMA new demands Mortgage Repurchase Trends ($ in millions) 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 2005 & Prior $24 $21 $19 $21 $21 2006 78 79 84 123 101 2007 157 183 245 373 234 2008 44 43 80 100 65 2009 - 2011 9 22 13 20 26 Total $313 $348 $440 $636 $448 % Non-Agency 9% 5% 1% <1% 1% (approx.) ($ in millions) 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 Period-end Balance $363 $472 $490 $590 $564 % Non-Agency 10% 9% 6% 2% 2% (approx.) ($ in millions) 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 Beginning Balance $265 $270 $299 $282 $320 Additions 80 90 117 215 175 Charge-Offs (75) (61) (134) (177) (113) Ending Balance $270 $299 $282 $320 $383 Metric (2005 – 2012 vintages)1 Amount ($B) Sold UPB $223 Remaining UPB 97 Cumulative Repurchase Requests 5.5 Requests Resolved 4.9 Losses Recognized to Date 1.3 1Q 2012 Reserve 0.4 Income Statement Impact to Date 1.7 Memo: Non-Agency UPB 2 14.1

 

8 $1,466 $1,543 $1,561 $1,570 $1,531 ($1) ($1) ($1) $97 $10 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 Adjusted Noninterest Expense¹ Adjustment Items¹ Noninterest Expense Noninterest Expense ($ in millions) Key Points Expenses Down From Prior Quarter 1. Please refer to the appendix for adjustment detail Prior Quarter Variance • $126 million decrease in Noninterest Expense  4Q 11 included $120 million accrual for potential mortgage servicing settlement  1Q 12 declines in credit-related expenses, operating losses, and marketing  Employee compensation & benefits increased due to 4Q 11 gain from pension curtailment and year-end incentive compensation reduction, as well as 1Q 12 seasonal increase in employee benefits Prior Year Variance • Noninterest Expense increased $76 million  Employee compensation and operating losses increased  Partially offset by lower marketing and FDIC premiums $1,542 $1,465 $1,560 $1,667 $1,541

 

9 $51.4 $51.8 $52.5 $54.4 $55.2 $43.7 $43.0 $42.8 $43.4 $44.4 $16.1 $16.3 $17.0 $18.6 $20.1 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 Commercial Residential Consumer Loans Average Performing Loans Key Points Prior Quarter Variance • Performing loans grew $3.3 billion; continued growth in targeted categories • Commercial growth driven by $1.1 billion, or 2%, increase in C&I • Residential increased $1.0 billion, entirely due to Guaranteed Mortgages; Home Equity declined $0.2 billion, or 2% • Consumer loans increased $1.5 billion, or 8%; all Consumer categories increased (Student Loans up $1.3 billion due to 4Q 11 portfolio acquisition) Prior Year Variance • $8.6 billion, or 8%, growth in performing loans • Commercial increased $3.8 billion – C&I grew $5.4 billion, or 12%, while CRE and Commercial Construction declined $1.5 billion • Residential increased $0.8 billion due to a $2.2 billion increase in Guaranteed Mortgages; all other categories declined • Consumer increased $4.0 billion, or 25%, driven by a $2.9 billion increase in Student Loans, as well as growth in all other categories Average Performing Loans Up $3.3B, or 3%, from 4Q 11 NOTE: Totals may not foot due to rounding $112.2 $116.4 $111.1 $111.1 $119.7 ($ in billions)

 

10 $6.9 $2.1 $1.7 $1.4 $1.2 $1.1 $8.1 $4.1 $3.9 $3.8 $3.6 $3.4 $8.3 $5.9 $5.7 $5.5 $5.3 $5.2 4Q 08 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 Higher-risk Home Equity Products Higher-risk Mortgage Products Commercial Construction Balance Sheet De-risking Higher-risk Loans (period-end)1 Key Points • Higher-risk categories down $13.6 billion, or 58%, since 4Q 08 • Over the same time, government-guaranteed loans grew $10.8 billion, now totaling $13.6 billion Prior Quarter Variance • $0.4 billion, or 4%, decline in higher-risk loans, with declines evenly distributed among the major categories Prior Year Variance • $2.4 billion, or 20%, decline in higher-risk loans • Commercial Construction down $1.0 billion, or 49% • Higher-risk Mortgages down $0.7 billion, or 17%, primarily from Prime 2nds and Residential Construction • Higher-risk Home Equity down $0.7 billion, or 11%, primarily from High LTV Lines and HE Loans Continued Declines in Higher-risk Categories Offset by Growth in High Quality Loans 1. Higher-risk Mortgage products include Prime 2nds, Residential Construction, and Alt-A. Higher-risk Home Equity includes High LTV lines (includes Florida lines > 80% LTV and other lines > 90% LTV), Brokered Home Equity, and Home Equity Loans. Data includes performing and nonperforming loans 2. Includes government–guaranteed student and mortgage loans NOTE: Totals may not foot due to rounding Government-guaranteed Loans (period-end)2 ($ i n bi ll io n s ) ($ i n bi ll io n s ) $23.4 $12.1 $11.4 $10.7 $10.2 $9.7 $2.8 $9.0 $9.1 $9.8 $13.9 $13.6 4Q 08 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12

 

11 $3,971 $3,610 $3,239 $2,903 $2,649 $597 $494 $524 $489 $485 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 Nonperforming Loans Other Assets Credit Quality Improvement 30 - 89 Day Delinquencies Net Charge-offs1 Allowance for Loan and Lease Losses Continued Improvement in Key Metrics Nonperforming Assets1 ($ in millions) 1. During 1Q 12, $86 million of nonperforming residential mortgage loans were transferred to held for sale. A $26 million net charge-off was recognized, and the $60 million net balance of the loans held for sale is reflected in Other Assets in the chart above 2. Excludes guaranteed student, guaranteed mortgage and fair value loans from the denominator $3,134 $3,392 $4,104 $4,568 $3,763 $571 $505 $492 $472 $422 2.01% 1.76% 1.69% 1.57% 1.38% 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 Net Charge-offs NCOs to Avg. Loans (annualized) 1.15% 1.09% 1.04% 1.17% 1.04% 0.80% 0.73% 0.70% 0.68% 0.59% 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 Total Delinq. Delinq. Excl. Gov't Guar. 2.71% 2.61% 2.42% 2.27% 2.16% 2.49% 2.40% 2.22% 2.01% 1.92% 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 ALLL ($) ALLL Ratio Excl. Gov't Guar.² ALLL Ratio $2,854 $2,744 $2,600 $2,457 $2,348

 

12 $28.3 $29.8 $31.9 $34.1 $35.4 $25.4 $24.7 $24.0 $25.0 $25.3 $42.6 $42.9 $43.1 $42.8 $42.5 $4.3 $4.6 $4.6 $4.7 $4.9 $20.2 $19.9 $19.3 $18.5 $17.8 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 DDA NOW Money Market Savings Time Deposits Average Client Deposits Favorable Growth and Mix Trends Continued; DDA Largest Driver Prior Quarter Variance • Client Deposits grew $0.8 billion • Growth came entirely from lower-cost deposits, as the favorable shift in deposit mix continued  DDA up $1.3 billion, or 4%  NOW up $0.3 billion, or 1%  Time Deposits continued to decline, lower by $0.7 billion, or 4% Prior Year Variance • Client Deposits grew $5.1 billion, or 4% • Lower-cost deposits up $7.5 billion, or 7%  DDA increased $7.1 billion, or 25%  Savings up $0.6 billion, or 14% • Higher-cost Time Deposits declined $2.4 billion, or 12% ($ in billions) NOTE: Totals may not foot due to rounding $121.9 $120.7 $123.0 $125.1 $125.8 Key Points

 

13 Tier 1 Common1 Tangible Common Equity Ratio2 1. 1Q 12 is estimated 2. The tangible equity to tangible asset ratio was 7.87%, 8.07%, 8.38%, 8.10%, and 8.14% for the periods ending 1Q 11, 2Q 11, 3Q 11, 4Q 11, and 1Q 12, respectively 3. Book value per share was $35.49, $36.30, $37.29, $36.86, and $37.11 for the periods ending 1Q 11, 2Q 11, 3Q 11, 4Q 11, and 1Q 12, respectively Capital Ratios and Tangible Book Value per Share Expanded Tangible Book Value Per Share3 Capital Position $11.8 $12.0 $12.2 $12.3 $12.5 9.05% 9.22% 9.31% 9.22% 9.30% 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 Tier 1 Common ($B) Tier 1 Common Ratio 7.77% 7.96% 8.28% 7.93% 7.98% 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 $23.79 $24.57 $25.60 $25.18 $25.49 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12

 

14 PPG Expense Program $190 Million of Annualized Savings Realized, up from $75 Million in 4Q 11 Expected Savings Key Components Major Initiatives 1. Reflects annualized run rate savings expected to be realized at the end of 4Q 13 Consumer Bank Efficiencies Strategic Supply Management Operations and Support Staff 12/2013 100% of Goal $300MM¹ Actual, Annualized: 63% of savings realized 3/2012 $190MM Planning / Implementing Savings Being Realized Savings Fully Realized Discretionary Outsourcing Demand Mgt. Channel Optimization Alternative Channel Mgt. Sales & Service Productivity Consolidations & Shared Services Digital Technology Lean Process Design & Mgt.

 

15 New Segment Reporting Structure 1. Previously part of the Wealth & Investment Management line of business 2. Business Banking, which targets small business clients with revenue < $5 MM, was previously included in the Retail line of business Mortgage Banking Consumer Banking and Private Wealth Management Wholesale Banking Retail Banking Consumer Lending Credit Card Private Wealth Management1 Residential Mortgages Corporate and Investment Banking - Client revenue > $750 MM Diversified Commercial Banking - Client revenue < $750 MM2 - Not for Profit & Gov’t Agency Treasury & Payment Solutions Commercial Real Estate GenSpring and RidgeWorth1 43% 38% 13% 6% Corporate Other 1Q 12 Revenue Distribution Corporate Treasury Other

 

16 Earnings Balance Sheet Revenue Expenses Credit and Capital • Net income to common shareholders of $245 million; earnings per share of $0.46 • Meaningful increases from prior quarter and prior year driven by improved core performance • Average performing loans up 3% from 4Q 11 and 8% from 1Q 11 • Favorable lower-cost deposit trends continued; average DDA grew 4% from prior quarter and 25% from prior year • Net interest income up from prior quarter and prior year; net interest margin expanded 3 bps sequentially • Fee income increased from 4Q 11, driven by strong mortgage revenue; fee income stable to 1Q 11, despite lower debit interchange income • Expenses declined from 4Q 11 • Continued progress made on PPG Expense Program • All primary credit metrics again improved – NCOs down 11% sequentially • Tier 1 common ratio remained healthy at 9.30% (estimated) 1Q 12 Summary

 

17 Appendix

 

18 Securities Portfolio $2.6 21.2 0.5 0.5 0.3 3.0 $28.1 U.S. Treasury and Agencies MBS – Agency U.S. States and Subdivisions Asset – Backed Securities Private MBS and Corporate Other Other Equity Total AFS Securities Available for Sale ($ in billions, period-end balances) NOTE: Columns may not foot due to rounding 4Q 2011 1Q 2012 $ Change $2.0 21.0 0.4 0.4 0.3 3.2 $27.3 $(0.6) (0.2) (0.1) (0.1) - 0.2 $(0.8) High Quality and Liquid Portfolio

 

19 1. Excludes delinquencies on all federally guaranteed mortgages 2. Excludes delinquencies on federally guaranteed student loans 3. Excludes mortgage loans guaranteed by GNMA that SunTrust has the option, but not the obligation, to repurchase 30 – 89 Day Delinquencies by Loan Class Excl. Gov’t. Guaranteed Loans Memo: ($ in millions) 1Q11 2Q11 3Q11 4Q11 1Q12 1Q12 LOAN BALANCE 30-89 Accruing Delinquencies Commercial & industrial 0.22 % 0.20 % 0.15 % 0.16 % 0.14 % $50,189 Commercial real estate 0.33 0.26 0.17 0.17 0.27 4,910 Commercial construction 0.47 0.63 0.11 0.60 0.24 1,086 Total Commercial 0.24 0.22 0.15 0.17 0.15 56,185 Residential mortgage - guaranteed - - - - - 6,447 Residential mortgage - nonguaranteed 1.63 1.45 1.46 1.39 1.28 23,653 Home equity products 1.46 1.44 1.39 1.29 1.10 15,472 Residential construction 2.94 2.28 2.06 2.24 2.38 924 Total Residential¹ 1.60 1.47 1.45 1.38 1.24 46,496 Guaranteed student loans - - - - - 7,186 Other direct 1.12 0.82 0.76 0.68 0.75 2,152 Indirect 0.68 0.58 0.60 0.65 0.36 10,145 Credit cards 2.04 1.86 1.59 1.33 1.05 527 Total Consumer² 0.79 0.66 0.67 0.68 0.45 20,010 Total SunTrust - excluding government guaranteed delinquencies 0.80 % 0.73 % 0.70 % 0.68 % 0.59 % $122,691 Total SunTrust - including government guaranteed delinquencies³ 1.15 % 1.09 % 1.04 % 1.17 % 1.04 % Decline in Delinquencies Accelerated

 

20 Nonperforming Loans by Loan Class 1. During 1Q 12, $86 million of nonperforming residential mortgage loans were transferred to held for sale NOTE: Columns may not foot due to rounding Memo: ($ in millions) 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 1Q 12 LOAN BALANCE Nonperforming Loans Commercial & industrial $585 $537 $479 $348 $337 $50,189 Commercial real estate 435 399 341 288 280 4,910 Commercial construction 843 627 385 290 198 1,086 Total Commercial loans 1,863 1,563 1,205 926 815 56,185 Residential mortgages - guaranteed - - - - - 6,447 Residential mortgages - nonguaranteed¹ 1,458 1,412 1,417 1,393 1,291 23,653 Home equity products 343 335 340 338 317 15,472 Residential construction 275 266 250 220 204 924 Total Residential Loans 2,076 2,013 2,007 1,951 1,812 46,496 Guaranteed student loans - - - - - 7,186 Other direct 11 9 7 6 6 2,152 Indirect 21 25 20 20 16 10,145 Credit cards - - - - - 527 Total Consumer loans 32 34 27 26 22 20,010 Total $3,971 $3,610 $3,239 $2,903 $2,649 $122,691 9% Sequential Quarter and 33% YOY Decline in Nonperforming Loans

 

21 Net Charge-off Ratios by Loan Class 1. During 1Q 12, $86 million of nonperforming residential mortgage loans were transferred to held for sale, and a $26 million net charge-off was recognized NOTE: Columns may not foot due to rounding Memo: ($ in millions) 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 1Q 12 LOAN BALANCE Net Charge-off %'s to Avg. Loans (ann'l.) Commercial Loans Commercial & industrial 0.44 % 0.66 % 0.47 % 0.61 % 0.36 % $50,189 Commercial real estate 1.42 2.72 1.69 2.84 2.42 4,910 Commercial construction 14.76 13.09 27.04 9.18 8.74 1,086 Total Commercial Loans 1.19 1.34 1.37 1.02 0.72 56,185 Residential Loans Residential mortgages - guaranteed - - - - - 6,447 Residential mortgages - nonguaranteed¹ 3.19 2.16 2.12 2.30 2.50 23,653 Home equity products 3.96 3.49 3.26 3.33 3.32 15,472 Residential construction 10.46 10.52 8.27 13.03 9.85 924 Total Residential Loans 3.37 2.65 2.47 2.63 2.57 46,496 Consumer Loans Guaranteed student loans - - - - - 7,186 Other direct 2.53 2.14 1.74 1.46 1.69 2,152 Indirect 0.56 0.44 0.50 0.52 0.33 10,145 Credit cards 8.68 7.78 5.81 4.82 4.83 527 Total Consumer Loans 0.89 % 0.71 % 0.66 % 0.58 % 0.48 % 20,010 Total 2.01 % 1.76 % 1.69 % 1.57 % 1.38 % $122,691 Net Charge-off Ratio Down Sequentially by 19 Basis Points

 

22 Net Charge-offs by Loan Class 1. During 1Q 12, $86 million of nonperforming residential mortgage loans were transferred to held for sale, and a $26 million net charge-off was recognized NOTE: Columns may not foot due to rounding Memo: ($ in millions) 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 1Q 12 LOAN BALANCE Net Charge-off $'s Commercial Loans Commercial & industrial $49 $75 $56 $75 $45 $50,189 Commercial real estate 21 40 23 38 30 4,910 Commercial construction 86 64 106 30 26 1,086 Total Commercial Loans 156 179 185 143 101 56,185 Residential Loans Residential mortgages - guaranteed - - - - - 6,447 Residential mortgages - nonguaranteed¹ 187 125 124 135 145 23,653 Home equity products 161 141 132 133 129 15,472 Residential construction 32 31 23 34 23 924 Total Residential Loans 380 297 279 302 297 46,496 Consumer Loans Guaranteed student loans - - - - - 7,186 Other direct 11 10 8 8 9 2,152 Indirect 13 10 12 13 8 10,145 Credit cards 11 9 8 6 7 527 Total Consumer Loans 35 29 28 27 24 20,010 Total $571 $505 $492 $472 $422 $122,691 11% Sequential Quarter and 26% YOY Decline in Net Charge-offs

 

23 Troubled Debt Restructuring (TDR) Composition Mortgage and Consumer Loans are 92% of Accruing TDRs; 89% are Current on Principal and Interest Payments TDR Trend Early Stage Accruing TDR Delinquencies Key Points ($ i n m il li o n s ) ($ i n m il li ons ) Prior Quarter Variance • Total TDRs declined 4% to $3.5 billion • Accruing balances declined 2% while nonaccruing dropped 11% Prior Year Variance • Total TDRs declined by 4%  The percentage of TDRs that are accruing increased to 79% in 1Q 12 from 73% in 1Q 11 NOTE: Columns may not foot due to rounding $2,643 $2,719 $2,824 $2,820 $2,750 $976 $923 $883 $802 $714 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 Accruing Nonaccruing $3,619 $3,642 $3,707 $3,622 $3,464 $2,286 $2,349 $2,441 $2,472 $2,438 $193 $207 $212 $187 $159 $92 $104 $109 $107 $87 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 Current 30-59 DLQ 60-89 DLQ

 

24 Noninterest Income Reconciliation 1. During 4Q 11, the Company refined its presentation of the mark on its fair value debt by excluding interest-related swaps NOTE: Columns may not foot due to rounding ($ in millions) 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 Total Noninterest Income $883 $912 $903 $723 $876 Adjustment Items: Securities Gains 64 32 2 19 18 Fair Market Value Adjustments (Trading Income) 14 (1) (17) (13) 2 STI Debt Valuation (Trading Income) 1 (20) 17 65 17 (16) SunTrust Index-linked CDs (SILC) (Trading Income) (11) 8 13 - (6) Auction Rate Securities (Trading Income) 16 4 (4) - (1) Fair Value Adjustments (Mortgage Production) (4) (9) 4 (1) (1) HARP 2.0 MSR Valuation Adjustment (Mtg. Servicing) - - - (38) - Total Adjustments 60 51 63 (16) (5) Adjusted Noninterest Income $823 $861 $840 $739 $881

 

25 Mortgage Repurchase - 2006-08 Vintage Data 1. Excludes loans sold servicing released. Such loans totaled approximately $36 billion at the time of origination. Estimated losses on these loans are captured in the mortgage repurchase reserve 2. Includes estimates 3. Includes estimates for delinquent loans sold servicing released NOTE: Columns may not foot due to rounding ($ in billions) Sold UPB 2006 2007 2008 2006-08 Agency $30.2 $40.8 $27.6 $98.6 Private Label 11.9 9.4 0.1 21.4 Total Sold UPB 42.1 50.1 27.7 120.0 Outstanding UPB Agency1 4.9 9.6 10.0 24.5 Private Label2 5.7 4.4 0.0 10.1 Total Outstanding UPB 10.6 14.0 10.0 34.6 Demands (Includes Never 120DPD) Received 1.7 2.6 0.5 4.8 Resolved 1.6 2.3 0.5 4.3 Pending 0.1 0.3 0.1 0.5 Demands Repurchased 0.8 1.4 0.3 2.4 Repurchase Rate -Life-to-date 52 % 59 % 58 % 57 % -Last Twelve Months 47 % 51 % 60 % 52 % Severity -Life-to-date 43 % 52 % 51 % 49 % -Last Twelve Months 60 % 60 % 51 % 59 % Delinquency Status Ever 120 Days Past Due3 $7.6 $10.8 $2.9 $21.4 Ever 120DPD/Sold UPB 18.2 % 21.5 % 10.6 % 17.8 % Demands/Ever 120DPD 22.3 % 24.0 % 18.2 % 22.6 %

 

26 Noninterest Expense Reconciliation ($ in millions) 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 Total Noninterest Expense $1,465 $1,542 $1,560 $1,667 $1,541 Adjustment Items: AHG Writedown (Other Exp.) - - - 10 - Gain on Debt Extinguishment (1) (1) (1) - - Pension Curtailment, Net of 401(k) Contribution (Employee Compensation and Benefits) - - - (60) - PPG Severance (Other Exp.) - - - 27 10 Potential Mortgage Servicing Settlement & Claims Expense - - - 120 - Total Adjustments (1) (1) (1) 97 10 Adjusted Noninterest Expense $1,466 $1,543 $1,561 $1,570 $1,531

 

27 Additional Noninterest Expense Disclosure Credit-related Expenses and Operating Losses NOTE: Columns may not foot due to rounding ($ in millions) 1Q 11 2Q 11 3Q 11 4Q11 1Q12 Credit & Collections (Other Exp.) $51 $60 $70 $93 $56 Other Real Estate (Other Exp.) 69 64 62 68 50 Total Credit-related Expenses $120 $124 $133 $161 $106 Operating Losses $27 $62 $72 $96 $60

 

28 Reconciliation of Non GAAP Measures Three Months Ended March 31 June 30 September 30 December 31 March 31 ($ in billions, except per share data) 2011 2011 2011 2011 2012 Total shareholders' equity $19.2 $19.7 $20.2 $20.1 $20.2 Goodwill, net of deferred taxes (6.2) (6.2) (6.2) (6.2) (6.2) Other intangible assets including MSRs, net of deferred taxes (1.6) (1.5) (1.1) (1.0) (1.1) MSRs 1.5 1.4 1.0 0.9 1.1 Tangible equity 12.9 13.4 13.9 13.8 14.0 Preferred stock (0.2) (0.2) (0.2) (0.3) (0.3) Tangible common equity 12.8 13.2 13.7 13.5 13.7 Total assets 170.8 172.2 172.6 176.9 178.2 Goodwill (6.3) (6.3) (6.3) (6.3) (6.3) Other intangible assets including MSRs (1.7) (1.5) (1.1) (1.0) (1.2) MSRs 1.5 1.4 1.0 0.9 1.1 Tangible assets 164.3 165.7 166.1 170.4 171.8 Tangible equity to tangible assets 7.87 % 8.07 % 8.38 % 8.10 % 8.14 % Tangible common equity to tangible assets 7.77 % 7.96 % 8.28 % 7.93 % 7.98 % Tangible book value per common share $23.79 $24.57 $25.60 $25.18 $25.49