UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)    January 22, 2010

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

Georgia	 	001-08918	 	58-1575035	
(State or other jurisdiction
of incorporation)	 	(Commission
File Number)	 	(IRS Employer
Identification No.)	
		
303 Peachtree St., N.E., Atlanta, Georgia	 	30308	
(Address of principal executive offices)	 	(Zip Code)	
Registrant’s telephone number, including area code    (404) 588-7711
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)	
 
¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)	
 
¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))	
 
¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))	

 

Item 2.02 Results of Operations and Financial Condition.
Item 7.01 Regulation FD Disclosure.
On January 22, 2010, SunTrust Banks, Inc. (the “Registrant”) announced financial results for the period ended December 31, 2009. A copy of the news release announcing the Registrant’s results for the period ended December 31, 2009 is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
The Registrant intends to hold an investor call and webcast to discuss financial results for the year and fourth quarter ended December 31, 2009 on January 22, 2010, 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 Disclosure”. Consequently, it is not deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liabilities of that section. It may only be incorporated by reference in another filing under the Exchange Act or Securities Act of 1933 if such subsequent filing specifically references this Form 8-K. All information in the news release and the presentation materials speak as of the date thereof and the Registrant does not assume any obligation to update said information in the future. In addition, the Registrant disclaims any inference regarding the materiality of such information which otherwise may arise as a result of its furnishing such information under Item 2.02 and/or Item 7.01 of this report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
 
99.1	News release dated January 22, 2010 (furnished with the Commission as a part of this Form 8-K).	
 
99.2	Presentation materials dated January 22, 2010 (furnished with the Commission as a part of this Form 8-K).	

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

	 		 	SUNTRUST BANKS, INC.	
	 		 	        (Registrant)	
				
Date: January 22, 2010.	 		 	By:	 	/s/ Thomas E. Panther	
	 		 		 		 	Thomas E. Panther,	
	 		 		 		 	Senior Vice President and Controller	

Exhibit 99.1

	  	News Release                    	

Contact:	    		
		
Investors	    	Media	
Steve Shriner	    	Barry Koling	
(404) 827-6714	    	(404) 230-5268	
For Immediate Release
January 22, 2010
SunTrust Reports Fourth Quarter 2009 Results

Continued Recessionary Pressures Affect Earnings While Asset Quality Trends and Certain Operating Results Improved
ATLANTA — SunTrust Banks, Inc. (NYSE: STI) today reported a net loss available to common shareholders for the fourth quarter of 2009 of $316.4 million, or $0.64 per average common share, compared to a net loss available to common shareholders of $374.9 million, or $1.07 per average common share for the fourth quarter of 2008. The Company’s results for these periods were adversely impacted by credit-related charges and cyclical expenses that reflected recessionary pressures; however, improvement in both of those areas during the fourth quarter of 2009 equated to a smaller earnings impact as compared to the same quarter last year and the prior quarter.
For the year ended December 31, 2009, the net loss available to common shareholders was $1,733.4 million, or $3.98 per average common share, compared to net income of $741.0 million, or $2.12 per average common share in 2008. During the first quarter of 2009, SunTrust recorded a non-cash, after-tax charge of $714.8 million, or $1.64 per share, related to the impairment of goodwill. Excluding the impairment charge, the full year loss was $2.34 per average common share. In addition, key items affecting full year 2009 results included increased loan loss provision expense, decreased noninterest income, and the full year impact of preferred dividends paid to the U.S. Treasury.
“Our results clearly continue to be affected by recessionary pressures as evidenced by soft revenue and weak loan demand from consumer and commercial borrowers,” said James M. Wells III, SunTrust chairman and chief executive officer. “At the same time, we are encouraged by some positive operating results and improved credit trends."
Mr. Wells noted that fourth quarter earnings fundamentals remain essentially unchanged from the prior quarter and that, with strong capital and excellent liquidity, SunTrust continues to operate from a position of strength in what appears to be an improving, yet still uncertain, economic environment. Further, he remarked, “our focus remains on the things we can control – client-focused execution, risk mitigation, and expense management – which will position SunTrust to deliver improving financial performance as the economy moves beyond this cycle.”

																							
 	  	4 th
Quarter
2009	 	 	4 th
Quarter
2008	 	 	Change	 	 	Full
Year
2009	 	 	Full
Year
2008	 	 	Change	 	
Income Statement	  				 				 			 				 				 			
(Dollars in millions, except per share data)	  				 				 			 				 				 			
Net income/(loss)	  	$	(248.1	) 	 	$	(347.6	) 	 	28.6	% 	 	$	(1,563.7	) 	 	$	795.8	  	 	(296.5	)% 	
Net income/(loss) available to common shareholders	  	 	(316.4	) 	 	 	(374.9	) 	 	15.6	  	 	 	(1,733.4	) 	 	 	741.0	  	 	(333.9	) 	
Net income/(loss) per average common diluted share	  	 	(0.64	) 	 	 	(1.07	) 	 	40.2	  	 	 	(3.98	) 	 	 	2.12	  	 	(287.7	) 	
							
Revenue – fully taxable-equivalent	  	 	1,949.1	  	 	 	1,926.4	  	 	1.2	  	 	 	8,299.3	  	 	 	9,210.6	  	 	(9.9	) 	
Revenue – fully taxable-equivalent, excluding net securities gains/losses	  	 	1,876.2	  	 	 	1,515.3	  	 	23.8	  	 	 	8,201.2	  	 	 	8,137.3	  	 	0.8	  	
Net interest income – fully taxable-equivalent	  	 	1,206.8	  	 	 	1,208.7	  	 	(0.2	) 	 	 	4,589.0	  	 	 	4,737.1	  	 	(3.1	) 	
Provision for credit losses	  	 	973.7	  	 	 	962.5	  	 	1.2	  	 	 	4,063.9	  	 	 	2,474.2	  	 	64.3	  	
Noninterest income	  	 	742.3	  	 	 	717.7	  	 	3.4	  	 	 	3,710.3	  	 	 	4,473.5	  	 	(17.1	) 	
Noninterest expense	  	 	1,453.6	  	 	 	1,586.2	  	 	(8.4	) 	 	 	6,562.4	  	 	 	5,879.0	  	 	11.6	  	
Net interest margin	  	 	3.27	% 	 	 	3.14	% 	 			 	 	3.04	% 	 	 	3.10	% 	 			
							
Balance Sheet	  				 				 			 				 				 			
(Dollars in billions)	  				 				 			 				 				 			
Average loans	  	$	115.0	  	 	$	127.6	  	 	(9.9	)% 	 	$	121.0	  	 	$	125.4	  	 	(3.5	)% 	
Average consumer and commercial deposits	  	 	117.0	  	 	 	102.2	  	 	14.4	  	 	 	113.2	  	 	 	101.3	  	 	11.7	  	
							
Capital	  				 				 			 				 				 			
Tier 1 capital ratio (1)	  	 	12.90	% 	 	 	10.87	% 	 			 				 				 			
Tier 1 common equity ratio (1)	  	 	7.65	% 	 	 	5.83	% 	 			 				 				 			
Total average shareholders’ equity to total average assets	  	 	16.25	% 	 	 	11.23	% 	 			 				 				 			
							
Asset Quality	  				 				 			 				 				 			
Net charge-offs to average loans (annualized)	  	 	2.83	% 	 	 	1.72	% 	 			 	 	2.67	% 	 	 	1.25	% 	 			
Allowance for loan losses to period end loans	  	 	2.76	% 	 	 	1.86	% 	 			 				 				 			
Nonperforming loans to total loans	  	 	4.75	% 	 	 	3.10	% 	 			 				 				 			

(1)	Current period Tier 1 capital and Tier 1 common equity ratios are estimated as of the earnings release date.	
Fourth Quarter 2009 Highlights
 
•	 	A net loss per share of $0.64 reflected the continued challenging economic and credit environment.	
 
•	 	Revenue growth remained soft but with continued signs of improvement in certain operating units.	
 
•	 	Stable net interest income was due to a significantly improved net interest margin that was offset by a reduction in average earning assets.	
 
•	 	Margin expansion was due to lower rates paid for funds as client deposits increased, the mix of deposits improved, and higher cost sources of funding were reduced.	
 
•	 	Provision expense increased only slightly as the impact of increased charge-offs was largely offset by lower additions to the allowance for loan losses.	
 
•	 	Noninterest income was up slightly, primarily due to lower market-related losses being largely offset by lower mortgage production income due to higher estimated losses related to the potential repurchase of mortgage loans.	
 
•	 	Credit-related expenses decreased substantially while core expenses remained well controlled.	
 
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•	 	Average loans declined, as sluggish economic activity and improved capital markets conditions have reduced client demand for credit.	
 
•	 	Consumer and commercial deposits grew predominantly in lower cost products.	
 
•	 	The capital position increased primarily due to second quarter capital actions and remains solid with an estimated Tier 1 common equity ratio of 7.65% and Tier 1 capital ratio of 12.90%.	
 
•	 	Asset quality deteriorated significantly compared to last year; however, charge-offs and early stage delinquencies improved from the prior quarter.	
Revenue
Fully taxable-equivalent total revenue was $1,949.1 million for the fourth quarter of 2009, an increase of $22.7 million, or 1.2%, compared to the fourth quarter of 2008. Net interest income was flat, and noninterest income increased slightly, primarily due to lower market-related losses during the current quarter offset by lower mortgage production income due to higher estimated losses related to the potential repurchase of mortgage loans that were previously sold to third parties. Fee-based core revenues were generally flat.
For the year ended December 31, 2009, fully taxable-equivalent total revenue was $8,299.3 million, a decrease of $911.4 million, or 9.9%, from 2008. Excluding net securities gains and losses, total revenue increased slightly due to lower market-related losses and higher mortgage-related income offset by lower net interest income in 2009 and net gains from the disposition of certain businesses and assets in 2008.
Net Interest Income
For the fourth quarter of 2009, fully taxable-equivalent net interest income was $1,206.8 million, essentially flat compared to the prior year, but up $38.6 million, or 3.3%, compared to the third quarter of 2009. Net interest income growth over the sequential quarter was due to a favorable change in mix of deposits resulting in lower funding costs. Net interest margin for the fourth quarter of 2009 was 3.27%, an increase of 17 basis points and 13 basis points over the third quarter of 2009 and fourth quarter of 2008, respectively. Rates paid on interest-bearing liabilities declined 101 basis points while yields on earning assets declined 75 basis points compared to the prior year quarter. The lack of loan demand and growth in deposits resulted in a $6.6 billion, or 4.3%, decline in average earning assets and an $11.3 billion, or 32.8%, decline in average non-deposit interest bearing funding.
For the year ended December 31, 2009, fully taxable-equivalent net interest income was $4,589.0 million, down $148.2 million, or 3.1%, compared to 2008. Net interest margin was 3.04% compared to 3.10% in 2008. The margin decline was driven primarily by increased nonperforming assets partially offset by a reduction in higher cost funding sources.
Noninterest Income
Total noninterest income was $742.3 million for the fourth quarter of 2009, which was $24.6 million, or 3.4%, above prior year. Income generation from both consumer and commercial clients resulted in relatively stable performance despite the overall weak business environment. Mortgage production related income declined $40.2 million due to higher mortgage loan repurchase costs partially offset by lower market valuation losses and a 17% increase in loan production during the current quarter. The fourth quarter of 2009 results include $220.2 million in estimated losses related to the potential repurchase of mortgage loans that were previously sold to third parties compared to $60.4 million recognized in the fourth quarter of 2008. Certain mortgage loans are sold to Agencies in which the Company provides standard representations and warranties. If it is later determined that such representations have been breached, the
 
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Agency will request the Company to bear the loss on such loan. The volume of repurchase requests from the Agencies increased each quarter during 2009. Each quarter the Company updates its loss estimate to reflect recent experience, and as a result the reserve for the repurchase of mortgage loans was increased by $77.2 million to $199.9 million as of December 31, 2009. The volume of repurchase requests shifted during the course of the year from 2006 and earlier vintages towards 2007 and later vintages. SunTrust believes its ultimate losses on newer vintages, particularly 2008 and later, may be lower than older vintages due to lower loss severities, a lower risk product mix, and enhanced underwriting guidelines and operating procedures.
Mortgage servicing income increased $382.8 million compared to the fourth quarter of 2008, as a result of the $370.0 million temporary impairment recognized in the fourth quarter of 2008 related to mortgage servicing rights that were carried at the lower of cost or market compared to a recovery of $10.5 million recognized during the current quarter. The mortgage servicing portfolio was $178.9 billion as of December 31, 2009, up from $162.0 billion as of December 31, 2008. Effective January 1, 2010, the Company elected to transfer the remaining portion of the mortgage servicing rights carried at the lower of cost or market to fair value resulting in a $145 million increase in mortgage servicing rights and a $90 million increase in shareholders’ equity. The fourth quarter of 2008 included $411.1 million of net gains from the sale of available for sale securities that were realized in conjunction with risk management strategies associated with hedging the value of mortgage servicing rights. During the fourth quarter of 2009, the Company recorded $72.8 million of net gains from the sale of available for sale securities related to repositioning the investment portfolio, net of $3.9 million in other-than-temporary impairment on private mortgage-backed securities.
Trading account profits and commissions increased $30.7 million compared to the prior year quarter as market-related valuation losses on illiquid securities and other instruments carried at fair value improved and valuation losses on the Company’s public debt and related hedges carried at fair value were $38.1 million, a reduction of $6.2 million compared to the fourth quarter of 2008. On a sequential quarter basis, valuation losses related to the public debt and related hedges carried at fair value declined $93.2 million. Trust and investment management income increased $8.2 million, or 6.5%, on increased performance based fees; however, retail investment income decreased $15.9 million, or 22.7%, due to lower transaction volume and client asset balances.
For the year ended December 31, 2009, noninterest income was $3,710.3 million, which was $763.2 million, or 17.1%, below 2008. The decline was primarily due to the 2008 gains of $1,073.3 million from the sale of available for sale securities, which were completed in conjunction with risk management strategies associated with mortgage servicing rights and the sale of a portion of The Coca-Cola Company stock. Further, the 2008 results included aggregate net gains of $321.4 million related to the disposition of certain assets and businesses while 2009 reflected the $112.1 million gain from the sale of Class B Visa shares. In 2009, the Company recorded $153.0 million of valuation losses on the public debt and related hedges carried at fair value compared to gains of $431.7 million in 2008, as credit spreads on SunTrust’s debt tightened. Valuation losses on illiquid securities recorded in 2008 were not significant in 2009. Mortgage servicing income increased $541.7 million due, in part, to the $370.0 million impairment of mortgage servicing rights recognized in 2008 compared to the recovery of $199.2 million of impairment of mortgage servicing rights recognized in 2009. Mortgage production related income increased $204.7 million in 2009 due a 37.6% increase in loan production, higher margins, and lower valuation losses partially offset by increased losses related to the repurchase of mortgage loans. Trust and investment management fees declined 17.9% as the market value of average assets under management was lower in 2009 in addition to the sale in 2008 of certain asset management businesses. Other fee related income declined due to recessionary pressures.
 
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Noninterest Expense
For the fourth quarter of 2009, noninterest expense was $1,453.6 million, a decrease of $132.6 million, or 8.4%, from the fourth quarter of 2008 as a result of credit-related expenses declining significantly and controllable expenses continuing to be tightly managed. Operating losses declined $210.2 million, or 89.0%, as fraud-related credit losses were recorded in the provision for credit losses and charge-offs during 2009. Mortgage reinsurance losses declined $89.7 million, or 89.7%, as the Company’s exposure to reinsurance losses have been limited to the funds contributed to the mortgage reinsurance trusts. Other credit-related expenses including collection and credit costs and other real estate expense increased $58.6 million due to property valuation losses and increased loss mitigation efforts. FDIC and regulatory expense increased $40.0 million, or 195.4%, in conjunction with the replenishment of the insurance fund through increased premiums. In the fourth quarter, the Company prepaid three years of expected FDIC premiums in accordance with a newly-enacted regulatory requirement. The total premium of $925 million will be amortized into expense over the next three years. Personnel expenses increased $56.1 million, or 8.8%, due to higher pension costs and increased incentives related to improved financial performance in certain lines of business. The fourth quarter of 2009 included $23.5 million in net losses related to the extinguishment of debt.
For the year ended December 31, 2009, total noninterest expense was $6,562.4 million, an increase of $683.4 million, or 11.6%, over 2008 primarily driven by the $751.2 million non-cash goodwill impairment charge recognized in the first quarter of 2009. Also included in 2008 were the $183.4 million charitable contribution expense and elevated credit-related expenses. Included in 2009 were higher FDIC costs, including the $78.2 million special assessment, increased pension expense, and higher outside processing expenses. Salaries and incentive expense declined in 2009 compared to 2008.
Income Taxes
For the fourth quarter, the Company recognized a tax benefit of $263.0 million compared to a tax benefit of $309.0 million recognized in the fourth quarter of 2008. The tax benefit was due to the recognition of a pre-tax loss, as well as other permanent tax items such as tax exempt interest income, settlement of examinations by certain taxing authorities, and federal tax credits. During the fourth quarter, the Company moved from a net deferred tax liability to a small net deferred tax asset of approximately $25 million. As of December 31, 2009, the cumulative valuation allowance associated with deferred tax assets for certain state net operating losses was approximately $53.2 million, and no valuation allowance was required against federal deferred tax assets.
U.S. Treasury Preferred Dividends
For the fourth quarter and full year of 2009, the Company recorded $66.5 million and $265.8 million, respectively, in preferred dividends related to the $4.85 billion in preferred securities issued to the U.S. Treasury under the Capital Purchase Program during the fourth quarter of 2008. For 2008, the fourth quarter and full year preferred dividend was $26.6 million. The 5.5% effective yield reflects the 5.0% dividend requirement and the amortization of the discount recorded on the preferred stock at issuance.
Balance Sheet
As of December 31, 2009, SunTrust had total assets of $174.2 billion and shareholders’ equity of $22.5 billion, representing 12.9% of total assets. Book value per common share was $35.29 and tangible book value per common share was $22.59 as of December 31, 2009.
 
5

Loans
Average loans for the fourth quarter of 2009 were $115.0 billion, down $12.6 billion, or 9.9%, compared to the fourth quarter of 2008 and down $4.8 billion, or 4.0%, compared to third quarter of 2009. Average commercial loans declined as a result of weak loan demand and improved access to the capital markets for funding. Average residential real estate and construction related loans declined as the Company continued to reduce exposure to particular residential real estate loan classes. As of December 31, 2009, total loans outstanding were $113.7 billion. Average loans held for sale for the current quarter declined $1.2 billion, or 22.9%, compared to the third quarter of 2009, as loan deliveries outpaced production.
Deposits
Consumer and commercial deposits in the fourth quarter of 2009 averaged $117.0 billion, an increase of $14.8 billion, or 14.4%, compared to the same quarter of 2008 and an increase of $2.5 billion, or 8.8%, on a sequential quarter annualized basis. Growth was most evident in the demand deposits, NOW and money market accounts while time deposits declined. Deposit growth is the result of client’s increased preferences for insured deposits, competitive pricing, and effective marketing. Further, through an intense focus on improved execution, the Company has been successful in improving product offerings and client satisfaction, acquisition, and retention. Notwithstanding these deposit generation successes, some of the deposit growth is due to seasonality and the economic environment. Deposit balances are expected to decline modestly in the first quarter related to seasonality, and further over time as the economy improves. Total client deposits as of December 31, 2009, were $116.3 billion. Average brokered and foreign deposits for the fourth quarter of 2009 declined a combined $7.5 billion, or 59.3%, compared to the fourth quarter of 2008, as the Company’s deposit growth enabled a reduction in wholesale funding sources.
Capital and Liquidity
The estimated Tier 1 common, Tier 1 capital and tangible equity to tangible asset ratios were 7.65%, 12.90% and 9.66%, respectively, as of December 31, 2009. The Company’s estimated Tier 1 common and Tier 1 capital ratios increased in the quarter as the decline in risk weighted assets more than offset the reduction in capital due to the Company’s net loss. The Company continues to have substantial liquidity, as the inflows of deposits have been largely retained in cash and invested in high quality government-backed securities.
Asset Quality
For the fourth quarter, the provision for credit losses was $973.7 million and included $57.2 million in provision for unfunded commitments. In the fourth quarter of 2009, the Company elected to change its financial statement presentation to include the provision for unfunded commitments in the provision for credit losses. Previously, the unfunded commitment provision was included in noninterest expense. The provision for loan losses was $217.4 million below the provision for loan losses recorded in the third quarter and $46.0 million below the provision for loan losses recorded in the fourth quarter of 2008.
For the fourth quarter of 2009, net charge-offs were $820.5 million, down $185.4 million, or 18.4%, from the third quarter driving a 50 basis point improvement in the ratio of annualized net charge-offs to total average loans to 2.83%. Net charge-offs for the quarter pertained primarily to first and second lien residential mortgages and real estate construction loans. Net charge-offs declined across most loan categories, except residential construction, as a result of continued workout activities. Compared to the fourth quarter of 2008, net charge-offs were up $268.0 million primarily due to residential real estate loans.
As of December 31, 2009, the allowance for loan and lease losses was $3,120.0 million, up $96.0 million over September 30, 2009. As a percentage of loans outstanding, the allowance for loan losses was 2.76%, up 15 basis points from the third quarter and 90 basis points from December 31, 2008. The increase
 
6

in the allowance for loan losses was primarily related to residential mortgages. The $96 million increase in allowance for loan losses compares favorably to the quarterly increases of $128 million, $161 million, $384 million, and $410 million over the previous four quarters. The reserve for unfunded commitments ended the year at $114.9 million.
Nonaccrual loans as of December 31, 2009, totaled $5,402.6 million, down $41.7 million from September 30, 2009, and $101.3 million from June 30, 2009, primarily due to charge-offs and declines in commercial and construction nonperforming loans. The growth in the allowance for loan losses and reduction in nonperforming loans caused the allowance to nonperforming loans ratio to increase 219 basis points to 58.86%. As of December 31, 2009, nonperforming loans as a percent of total loans was 4.75%, up 8 basis points from the end of the third quarter and up 165 basis points from December 31, 2008. As nonperforming loans migrate to foreclosure and ultimate disposition, other real estate owned increased $48.1 million during the fourth quarter of 2009.
Accruing restructured loans totaled $1,640.9 million as of December 31, 2009, as compared to $1,343.6 million as of September 30, 2009 and $462.6 million as of December 31, 2008. These loans are primarily consumer loans secured by residential real estate and the increases reflect the Company’s proactive steps to modify loans to borrowers who are experiencing financial difficulties and to mitigate losses. Most of the restructured loans are performing in accordance with their modified terms.
Total early stage delinquencies declined 15 basis points during the fourth quarter to 1.37% of total loans due primarily to improvements in commercial and commercial real estate loans. Early stage delinquencies declined as a percentage of loans outstanding in spite of a decline of $2.8 billion in loans outstanding. Late stage delinquencies also improved modestly from the prior quarter.
Line of Business Results
The Company has provided line of business financial tables on its web site at www.suntrust.com in the Investor Relations section located under “About SunTrust.” The Company has four lines of business used to measure business activities: Retail and Commercial, Corporate and Investment Banking, Household Lending, and Wealth and Investment Management with the remainder in Corporate Other and Treasury. All revenue in the line of business tables is reported on a fully taxable-equivalent basis. For the lines of business, results include net interest income, which is computed using matched-maturity funds transfer pricing. Further, provision for loan losses is represented by net charge-offs. SunTrust also reports results for Corporate Other and Treasury, which includes the Treasury department as well as the residual expenses associated with operational and support expense allocations. This segment also includes differences created between internal management accounting practices and generally accepted accounting principles, certain matched-maturity funds transfer pricing credits and charges, differences in provision for loan losses compared to net charge-offs, as well as equity and its related impact. A detailed discussion of the line of business results will be included in the Company’s forthcoming report on Form 10-K.
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 report on Form 10-K. Detailed financial tables and other information are also available on the Company’s Web site at www.suntrust.com in the Investor Relations section located under “About SunTrust.” This information is also included in a current report on Form 8-K furnished with the Securities and Exchange Commission today.
This news release contains certain non-U.S. GAAP financial measures to describe the Company’s performance. The reconciliation of those measures to the most directly comparable U.S. GAAP financial measures and the reasons why SunTrust believes such financial measures may be useful to investors, can be found in the financial information contained in the appendices of this news release.
 
7

Conference Call
SunTrust management will host a conference call January 22, 2010, at 8:00 a.m. (Eastern Time) to discuss the earnings results and business trends. Individuals may call beginning at 7:45 a.m. (Eastern Time) by dialing 1-888-972-7805 (Passcode: 4Q09). Individuals calling from outside the United States should dial 1-517-308-9091 (Passcode: 4Q09). A replay of the call will be available one hour after the call ends on January 22, 2010, and will remain available until February 12, 2010, dialing 1-866-434-5261 (domestic) or 1-203-369-1004 (international).
Alternatively, individuals may listen to the live webcast of the presentation by visiting the SunTrust Web site at www.suntrust.com. The webcast will be hosted under “Investor Relations,” located under “About SunTrust,” or may be accessed directly from the SunTrust home page by clicking on the earnings-related link, “4 th Quarter Earnings Release.” Beginning the afternoon of January 22, 2010, listeners may access an archived version of the webcast in the “Webcasts and Presentations” subsection found under “Investor Relations.” A link to the Investor Relations page is also found in the footer of the SunTrust home page.
SunTrust Banks, Inc., headquartered in Atlanta, is one of the nation’s largest banking organizations, serving a broad range of consumer, commercial, corporate and institutional clients. The Company operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states and a full array of technology-based, 24-hour delivery channels. The Company also serves clients in selected markets nationally. Its primary businesses include deposit, credit, and trust and investment management services. Through various subsidiaries, the Company provides mortgage banking, insurance, brokerage, equipment leasing, and capital markets services. SunTrust’s Internet address is www.suntrust.com.
Important Cautionary Statement About Forward-Looking Statements
This news release contains forward-looking statements. Statements regarding (a) future levels of required mortgage repurchase reserves, revenue, net interest margin, charge-offs, provision expense, credit quality, FDIC and other regulatory expense, loans, loans held for sale, the investment portfolio, income, job losses, loan loss severities, loan loss frequency, and residential builder nonperforming loans, (b) the expected impact of FAS 167 and consolidation; (c) expected changes in the rate or level of deposit growth, loan growth, charge-offs, loan loss frequencies, and residential nonperforming loans; and (d) expected future asset quality and the performance of the commercial and industrial and commercial real estate portfolios, are forward-looking statements. Also, any statement that does not describe historical or current facts, including statements about beliefs and expectations, is a forward-looking statement. These statements often include the words “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “targets,” “initiatives,” “potentially,” “probably,” “projects,” “outlook” or similar expressions or future conditional verbs such as “may,” “will,” “should,” “would,” and “could.” Forward-looking statements are based upon the current beliefs and expectations of management and on information currently available to management. Such statements speak as of the date hereof, and we do not assume any obligation to update the statements made herein or to update the reasons why actual results could differ from those contained in such statements in light of new information or future events.
Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward-looking statements. Factors that could cause actual results to differ materially from those described in the forward-looking statements can be found at Item 1A of our annual report on Form 10-K filed with the Securities and Exchange Commission (SEC), as supplemented from time to time in our other periodic reports filed with the SEC, all of which are available at the SEC’s internet site (http://www.sec.gov). Those factors include: difficult market conditions have adversely affected our industry; recent levels of market volatility are unprecedented; the soundness of other financial institutions could adversely affect us; recently enacted legislation or any proposed federal programs subject us to increased regulation and may adversely affect us; we have not yet received permission to repay TARP funds; emergency measures designed to stabilize the U.S. banking system are beginning to wind down; we are subject to
 
8

credit risk; weakness in the economy and in the real estate market, including specific weakness within our geographic footprint, has adversely affected us and may continue to adversely affect us; weakness in the real estate market, including the secondary residential mortgage loan markets, has adversely affected us and may continue to adversely affect us; as a financial services company, adverse changes in general business or economic conditions could have a material adverse effect on our financial condition and results of operations; changes in market interest rates or capital markets could adversely affect our revenue and expense, the value of assets and obligations, and the availability and cost of capital or liquidity; the fiscal and monetary policies of the federal government and its agencies could have a material adverse effect on our earnings; we may be required to repurchase mortgage loans or indemnify mortgage loan purchasers as a result of breaches of representations and warranties, borrower fraud, or certain borrower defaults, which could harm our liquidity, results of operations, and financial condition; we may continue to suffer increased losses in our loan portfolio despite enhancement of our underwriting policies; 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 natural disasters may adversely affect loan portfolios and operations and increase the cost of doing business; negative public opinion could damage our reputation and adversely impact business and revenues; we rely on other companies to provide key components of our business infrastructure; we rely on our systems, employees, and certain counterparties, and certain failures could materially adversely affect our operations; we depend on the accuracy and completeness of information about clients and counterparties; regulation by federal and state agencies could adversely affect the business, revenue, and profit margins; competition in the financial services industry is intense and could result in losing business or reducing margins; future legislation could harm our competitive position; maintaining or increasing market share depends on market acceptance and regulatory approval of new products and services; we may not pay dividends on your common stock; our ability to receive dividends from our subsidiaries accounts for most of our revenue and could affect our liquidity and ability to pay dividends; significant legal actions could subject us to substantial uninsured liabilities; recently declining values of real estate, increases in unemployment, and the related effects on local economies may increase our credit losses, which would negatively affect our financial results; deteriorating credit quality, particularly in real estate loans, has adversely impacted us and may continue to adversely impact us; our allowance for loan losses may not be adequate to cover our actual losses; we will realize future losses if the proceeds we receive upon liquidation of nonperforming assets are less than the fair value of such assets; disruptions in our ability to access global capital markets may negatively affect our capital resources and liquidity; ratings agencies recently downgraded our securities and the deposit ratings of SunTrust Bank. These downgrades and any subsequent downgrades could adversely impact the price and liquidity of our securities and could have an impact on our businesses and results of operations; we have in the past and may in the future pursue acquisitions, which could affect costs and from which we may not be able to realize anticipated benefits; we depend on the expertise of key personnel. If these individuals leave or change their roles without effective replacements, operations may suffer; we may not be able to hire or retain additional qualified personnel and recruiting and compensation costs may increase as a result of turnover, both of which may increase costs and reduce profitability and may adversely impact our ability to implement our business strategy; our accounting policies and processes are critical to how we report our financial condition and results of operations. 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 disclosure controls and procedures may not prevent or detect all errors or acts of fraud; our financial instruments carried at fair value expose us to certain market risks; our revenues derived from our investment securities may be volatile and subject to a variety of risks; we may enter into transactions with off-balance sheet affiliates or our subsidiaries; and we are subject to market risk associated with our asset management and commercial paper conduit businesses.
###
 
9

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

																			
 	  	Three Months Ended
December 31	 	 	% 	 	 	Twelve Months Ended
December 31	 	 	% 	 	
 	  	2009	 	 	2008 	 	 	Change  4 	 	 	2009	 	 	2008 	 	 	Change  4 	 	
EARNINGS & DIVIDENDS	  			 			 			 			 			 			
Net income/(loss)	  	($248.1) 	  	 	($347.6) 	  	 	28.6  	  % 	 	($1,563.7) 	  	 	$795.8  	  	 	NM 	  %   	
Net income/(loss) available to common shareholders	  	(316.4) 	  	 	(374.9) 	  	 	15.6  	  	 	(1,733.4) 	  	 	741.0  	  	 	NM 	  	
Net income/(loss) available to common shareholders excluding goodwill/intangible impairment charges other than MSRs 1	  	(316.4) 	  	 	(374.9) 	  	 	15.6  	  	 	(1,018.6) 	  	 	768.0  	  	 	NM 	  	
Total revenue - FTE 2	  	1,949.1  	  	 	1,926.4  	  	 	1.2  	  	 	8,299.3  	  	 	9,210.6  	  	 	(9.9)	  	
Total revenue - FTE excluding securities (gains)/losses, net 1	  	1,876.2  	  	 	1,515.3  	  	 	23.8  	  	 	8,201.2  	  	 	8,137.3  	  	 	0.8 	  	
Net income/(loss) per average common share	  			 			 			 			 			 			
Diluted	  	(0.64) 	  	 	(1.07) 	  	 	40.2  	  	 	(3.98) 	  	 	2.12  	  	 	NM 	  	
Diluted excluding goodwill/intangible impairment charges other than MSRs  1	  	(0.64) 	  	 	(1.07) 	  	 	40.2  	  	 	(2.34) 	  	 	2.19  	  	 	NM 	  	
Basic	  	(0.64) 	  	 	(1.07) 	  	 	40.2  	  	 	(3.98) 	  	 	2.12  	  	 	NM 	  	
Dividends paid per average common share	  	0.01  	  	 	0.54  	  	 	(98.1) 	  	 	0.22  	  	 	2.85  	  	 	(92.3)	  	
							
CONDENSED BALANCE SHEETS	  			 			 			 			 			 			
Selected Average Balances	  			 			 			 			 			 			
Total assets	  	$174,041  	  	 	$177,047  	  	 	(1.7) 	  % 	 	$175,442  	  	 	$175,848  	  	 	(0.2)	  % 	
Earning assets	  	146,587  	  	 	153,188  	  	 	(4.3) 	  	 	150,908  	  	 	152,749  	  	 	(1.2)	  	
Loans	  	115,036  	  	 	127,608  	  	 	(9.9) 	  	 	121,041  	  	 	125,433  	  	 	(3.5)	  	
Consumer and commercial deposits	  	117,008  	  	 	102,238  	  	 	14.4  	  	 	113,164  	  	 	101,333  	  	 	11.7 	  	
Brokered and foreign deposits	  	5,145  	  	 	12,649  	  	 	(59.3) 	  	 	6,082  	  	 	14,744  	  	 	(58.7)	  	
Total shareholders’ equity	  	22,381  	  	 	19,891  	  	 	12.5  	  	 	22,286  	  	 	18,596  	  	 	19.8 	  	
							
As of	  			 			 			 			 			 			
Total assets	  	174,165  	  	 	189,138  	  	 	(7.9) 	  	 			 			 			
Earning assets	  	147,896  	  	 	156,016  	  	 	(5.2) 	  	 			 			 			
Loans	  	113,675  	  	 	126,998  	  	 	(10.5) 	  	 			 			 			
Allowance for loan and lease losses	  	3,120  	  	 	2,351  	  	 	32.7  	  	 			 			 			
Consumer and commercial deposits	  	116,303  	  	 	105,276  	  	 	10.5  	  	 			 			 			
Brokered and foreign deposits	  	5,560  	  	 	8,053  	  	 	(31.0) 	  	 			 			 			
Total shareholders’ equity	  	22,531  	  	 	22,501  	  	 	0.1  	  	 			 			 			
							
FINANCIAL RATIOS & OTHER DATA	  			 			 			 			 			 			
Return on average total assets	  	(0.57) 	  % 	 	(0.78) 	  % 	 	26.9  	  % 	 	(0.89) 	  % 	 	0.45  	  % 	 	NM 	  % 	
Return on average assets less net unrealized securities gains 1	  	(0.70) 	  	 	(1.39) 	  	 	49.6  	  	 	(0.96) 	  	 	0.05  	  	 	NM 	  	
Return on average common shareholders’ equity	  	(7.19) 	  	 	(8.47) 	  	 	15.1  	  	 	(10.07) 	  	 	4.20  	  	 	NM 	  	
Return on average realized common shareholders’ equity 1	  	(8.81) 	  	 	(15.33) 	  	 	42.5  	  	 	(11.12) 	  	 	0.16  	  	 	NM 	  	
Net interest margin 2	  	3.27  	  	 	3.14  	  	 	4.1  	  	 	3.04  	  	 	3.10  	  	 	(1.9)	  	
Efficiency ratio 2	  	74.58  	  	 	82.34  	  	 	(9.4) 	  	 	79.07  	  	 	63.83  	  	 	23.9 	  	
Tangible efficiency ratio 1	  	73.96  	  	 	81.44  	  	 	(9.2) 	  	 	69.35  	  	 	62.51  	  	 	10.9 	  	
Effective tax rate/(benefit)	  	(51.46) 	  	 	(47.06) 	  	 	9.3  	  	 	(36.50) 	  	 	(9.23) 	  	 	NM 	  	
Tier 1 common equity	  	7.65   	   3  	 	5.83  	  	 	31.2  	  	 			 			 			
Tier 1 capital	  	12.90   	   3  	 	10.87  	  	 	18.7  	  	 			 			 			
Total capital	  	16.40   	   3  	 	14.04  	  	 	16.8  	  	 			 			 			
Tier 1 leverage	  	10.90   	   3  	 	10.45  	  	 	4.3  	  	 			 			 			
Total average shareholders’ equity to total average assets	  	12.86  	  	 	11.23  	  	 	14.5  	  	 	12.70  	  	 	10.58  	  	 	20.1 	  	
Tangible equity to tangible assets 1	  	9.66  	  	 	8.46  	  	 	14.2  	  	 			 			 			
							
Book value per common share	  	$35.29  	  	 	$48.74  	  	 	(27.6) 	  	 			 			 			
Tangible book value per common share 1	  	22.59  	  	 	28.69  	  	 	(21.3) 	  	 			 			 			
Market price:	  			 			 			 			 			 			
High	  	24.09  	  	 	57.75  	  	 	(58.3) 	  	 	30.18  	  	 	70.00  	  	 	(56.9)	  	
Low	  	18.45  	  	 	19.75  	  	 	(6.6) 	  	 	6.00  	  	 	19.75  	  	 	(69.6)	  	
Close	  	20.29  	  	 	29.54  	  	 	(31.3) 	  	 	20.29  	  	 	29.54  	  	 	(31.3)	  	
Market capitalization	  	10,128  	  	 	10,472  	  	 	(3.3) 	  	 			 			 			
							
Average common shares outstanding (000s)	  			 			 			 			 			 			
Diluted 5	  	494,332  	  	 	350,439  	  	 	41.1  	  	 	435,328  	  	 	350,183  	  	 	24.3 	  	
Basic	  	494,332  	  	 	350,439  	  	 	41.1  	  	 	435,328  	  	 	348,919  	  	 	24.8 	  	
							
Full-time equivalent employees	  	28,001  	  	 	29,333  	  	 	(4.5) 	  	 			 			 			
Number of ATMs	  	2,822  	  	 	2,582  	  	 	9.3  	  	 			 			 			
Full service banking offices	  	1,683   	  	 	1,692  	  	 	(0.5) 	  	 			 			 			

1 See Appendix A for reconcilements of non-GAAP performance measures.
2 Total revenue, net interest margin, and efficiency ratios are presented on a fully taxable-equivalent (“FTE”) basis. The FTE basis adjusts for the tax-favored status of net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources. Total revenue - FTE equals net interest income on a FTE basis plus noninterest income.
3 Current period tier 1 common equity, tier 1 capital, total capital and tier 1 leverage ratios are estimated as of the earnings release date.
4 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.
5 For earnings per share calculation purposes, the impact of dilutive securities are excluded from the diluted share count during periods that the Company has recognized a net loss available to common shareholders because the impact would be antidilutive.
 
Page 1

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

																
 	  	Three Months Ended	 	
 	  	  December 31  
2009	 	 	  September 30  
2009	 	 	  June 30  
2009	 	 	  March 31  
2009	 	 	  December 31  
2008	 	
EARNINGS & DIVIDENDS	  			 			 			 			 			
Net income/(loss)	  	($248.1) 	  	 	($316.9) 	  	 	($183.5) 	  	 	($815.2) 	  	 	($347.6) 	  	
Net income/(loss) available to common shareholders	  	(316.4) 	  	 	(377.1) 	  	 	(164.4) 	  	 	(875.4) 	  	 	(374.9) 	  	
Net income/(loss) available to common shareholders excluding goodwill/intangible impairment charges other than MSRs 1	  	(316.4) 	  	 	(377.1) 	  	 	(164.4) 	  	 	(160.6) 	  	 	(374.9) 	  	
Total revenue - FTE 2	  	1,949.1  	  	 	1,943.2  	  	 	2,192.8  	  	 	2,214.2  	  	 	1,926.4  	  	
Total revenue - FTE excluding securities (gains)/losses, net 1	  	1,876.2  	  	 	1,896.5  	  	 	2,217.7  	  	 	2,210.8  	  	 	1,515.3  	  	
Net income/(loss) per average common share	  			 			 			 			 			
Diluted	  	(0.64) 	  	 	(0.76) 	  	 	(0.41) 	  	 	(2.49) 	  	 	(1.07) 	  	
Diluted excluding goodwill/intangible impairment charges other than MSRs 1	  	(0.64) 	  	 	(0.76) 	  	 	(0.41) 	  	 	(0.46) 	  	 	(1.07) 	  	
Basic	  	(0.64) 	  	 	(0.76) 	  	 	(0.41) 	  	 	(2.49) 	  	 	(1.07) 	  	
Dividends paid per average common share	  	0.01  	  	 	0.01  	  	 	0.10  	  	 	0.10  	  	 	0.54  	  	
						
CONDENSED BALANCE SHEETS	  			 			 			 			 			
Selected Average Balances	  			 			 			 			 			
Total assets	  	$174,041  	  	 	$172,463  	  	 	$176,480  	  	 	$178,871  	  	 	$177,047  	  	
Earning assets	  	146,587  	  	 	149,579  	  	 	153,177  	  	 	154,390  	  	 	153,188  	  	
Loans	  	115,036  	  	 	119,796  	  	 	124,123  	  	 	125,333  	  	 	127,608  	  	
Consumer and commercial deposits	  	117,008  	  	 	114,486  	  	 	113,528  	  	 	107,515  	  	 	102,238  	  	
Brokered and foreign deposits	  	5,145  	  	 	5,193  	  	 	6,608  	  	 	7,417  	  	 	12,649  	  	
Total shareholders’ equity	  	22,381  	  	 	22,468  	  	 	21,926  	  	 	22,368  	  	 	19,891  	  	
						
As of	  			 			 			 			 			
Total assets	  	174,165  	  	 	172,718  	  	 	176,735  	  	 	179,116  	  	 	189,138  	  	
Earning assets	  	147,896  	  	 	145,554  	  	 	154,345  	  	 	153,290  	  	 	156,016  	  	
Loans	  	113,675  	  	 	116,488  	  	 	122,816  	  	 	123,893  	  	 	126,998  	  	
Allowance for loan and lease losses	  	3,120  	  	 	3,024  	  	 	2,896  	  	 	2,735  	  	 	2,351  	  	
Consumer and commercial deposits	  	116,303  	  	 	113,601  	  	 	113,746  	  	 	112,449  	  	 	105,276  	  	
Brokered and foreign deposits	  	5,560  	  	 	5,730  	  	 	5,055  	  	 	6,523  	  	 	8,053  	  	
Total shareholders’ equity	  	22,531  	  	 	22,908  	  	 	22,953  	  	 	21,646  	  	 	22,501  	  	
						
FINANCIAL RATIOS & OTHER DATA	  			 			 			 			 			
Return on average total assets	  	(0.57) 	  % 	 	(0.73) 	  % 	 	(0.42) 	  % 	 	(1.85) 	  % 	 	(0.78) 	  % 	
Return on average assets less net unrealized securities gains 1	  	(0.70) 	  	 	(0.83) 	  	 	(0.41) 	  	 	(1.89) 	  	 	(1.39) 	  	
Return on average common shareholders’ equity	  	(7.19) 	  	 	(8.52) 	  	 	(3.95) 	  	 	(20.71) 	  	 	(8.47) 	  	
Return on average realized common shareholders’ equity 1	  	(8.81) 	  	 	(9.70) 	  	 	(4.02) 	  	 	(22.08) 	  	 	(15.33) 	  	
Net interest margin 2	  	3.27  	  	 	3.10  	  	 	2.94  	  	 	2.87  	  	 	3.14  	  	
Efficiency ratio 2	  	74.58  	  	 	73.53  	  	 	69.68  	  	 	97.22  	  	 	82.34  	  	
Tangible efficiency ratio 1	  	73.96  	  	 	72.82  	  	 	69.05  	  	 	62.97  	  	 	81.44  	  	
Effective tax rate/(benefit)	  	(51.46) 	  	 	(51.46) 	  	 	(44.81) 	  	 	(15.61) 	  	 	(47.06) 	  	
Tier 1 common equity	  	7.65   	   3  	 	7.49  	  	 	7.34  	  	 	5.83  	  	 	5.83  	  	
Tier 1 capital	  	12.90   	   3  	 	12.58  	  	 	12.23  	  	 	11.02  	  	 	10.87  	  	
Total capital	  	16.40   	   3  	 	15.92  	  	 	15.31  	  	 	14.15  	  	 	14.04  	  	
Tier 1 leverage	  	10.90   	   3  	 	11.08  	  	 	11.02  	  	 	10.14  	  	 	10.45  	  	
Total average shareholders’ equity to total average assets	  	12.86  	  	 	13.03  	  	 	12.42  	  	 	12.51  	  	 	11.23  	  	
Tangible equity to tangible assets 1	  	9.66  	  	 	9.96  	  	 	9.75  	  	 	8.85  	  	 	8.46  	  	
						
Book value per common share	  	$35.29  	  	 	$36.06  	  	 	$36.16  	  	 	$46.03  	  	 	$48.74  	  	
Tangible book value per common share 1	  	22.59  	  	 	23.35  	  	 	23.41  	  	 	28.15  	  	 	28.69  	  	
Market price:	  			 			 			 			 			
High	  	24.09  	  	 	24.43  	  	 	20.86  	  	 	30.18  	  	 	57.75  	  	
Low	  	18.45  	  	 	14.50  	  	 	10.50  	  	 	6.00  	  	 	19.75  	  	
Close	  	20.29  	  	 	22.55  	  	 	16.45  	  	 	11.74  	  	 	29.54  	  	
Market capitalization	  	10,128  	  	 	11,256  	  	 	8,205  	  	 	4,188  	  	 	10,472  	  	
						
Average common shares outstanding (000s)	  			 			 			 			 			
Diluted 4	  	494,332  	  	 	494,169  	  	 	399,242  	  	 	351,352  	  	 	350,439  	  	
Basic	  	494,332  	  	 	494,169  	  	 	399,242  	  	 	351,352  	  	 	350,439  	  	
						
Full-time equivalent employees	  	28,001  	  	 	28,015  	  	 	28,520  	  	 	29,279  	  	 	29,333  	  	
Number of ATMs	  	2,822  	  	 	2,807  	  	 	2,695  	  	 	2,673  	  	 	2,582  	  	
Full service banking offices	  	1,683  	  	 	1,690  	  	 	1,692  	  	 	1,694  	  	 	1,692  	  	

1 See Appendix A for reconcilements of non-GAAP performance measures.
2 Total revenue, net interest margin, and efficiency ratios are presented on a fully taxable-equivalent (“FTE”) basis. The FTE basis adjusts for the tax-favored status of net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources. Total revenue - FTE equals net interest income on a FTE basis plus noninterest income.
3 Current period tier 1 common equity, tier 1 capital, total capital and tier 1 leverage ratios are estimated as of the earnings release date.
4 For earnings per share calculation purposes, the impact of dilutive securities are excluded from the diluted share count during periods that the Company has recognized a net loss available to common shareholders because the impact would be antidilutive.
 
Page 2

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

																		
 	  	Three Months Ended	 	 	Twelve Months Ended	
 	  	December 31	  	    Increase/(Decrease)  2     	 	 	December 31	  	Increase/(Decrease)  2	
 	  	2009	  	2008	  	Amount	  	%	 	 	2009	  	2008	  	Amount	  	%	
Interest income	  	$1,629,616  	  	$1,985,371  	  	($355,755) 	  	(17.9) 	  % 	 	$6,709,747  	  	$8,327,382  	  	($1,617,635) 	  	(19.4)   %  	
Interest expense	  	453,139  	  	808,511  	  	(355,372) 	  	(44.0) 	  	 	2,244,057  	  	3,707,726  	  	(1,463,669) 	  	(39.5)        	
	  	 	  	 	  		  			 	 	  	 	  		  		
NET INTEREST INCOME	  	1,176,477  	  	1,176,860  	  	(383) 	  	(0.0) 	  	 	4,465,690  	  	4,619,656  	  	(153,966) 	  	(3.3)        	
Provision for credit losses 3	  	973,706  	  	962,494  	  	11,212  	  	1.2  	  	 	4,063,914  	  	2,474,215  	  	1,589,699  	  	64.3         	
	  	 	  	 	  		  			 	 	  	 	  		  		
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	  	202,771  	  	214,366  	  	(11,595) 	  	(5.4) 	  	 	401,776  	  	2,145,441  	  	(1,743,665) 	  	(81.3)        	

NONINTEREST INCOME	  		  		  		  			 		  		  		  		
Service charges on deposit accounts	  	212,665  	  	221,751  	  	(9,086) 	  	(4.1) 	  	 	848,354  	  	904,127  	  	(55,773) 	  	(6.2)        	
Trust and investment management income	  	134,632  	  	126,426  	  	8,206  	  	6.5  	  	 	486,523  	  	592,324  	  	(105,801) 	  	(17.9)        	
Retail investment services	  	54,329  	  	70,238  	  	(15,909) 	  	(22.7) 	  	 	217,803  	  	289,093  	  	(71,290) 	  	(24.7)        	
Other charges and fees	  	137,196  	  	125,206  	  	11,990  	  	9.6  	  	 	522,749  	  	510,794  	  	11,955  	  	2.3         	
Investment banking income	  	60,084  	  	57,962  	  	2,122  	  	3.7  	  	 	271,999  	  	236,533  	  	35,466  	  	15.0         	
Trading account profits/(losses) and commissions	  	(31,145) 	  	(61,879) 	  	30,734  	  	49.7  	  	 	(40,738) 	  	38,169  	  	(78,907) 	  	NM         	
Card fees	  	85,307  	  	77,909  	  	7,398  	  	9.5  	  	 	323,842  	  	308,374  	  	15,468  	  	5.0         	
Mortgage production related income/(loss)	  	(67,904) 	  	(27,717) 	  	(40,187) 	  	NM  	  	 	376,097  	  	171,368  	  	204,729  	  	NM         	
Mortgage servicing related income/(loss)	  	46,705  	  	(336,129) 	  	382,834  	  	NM  	  	 	329,908  	  	(211,829) 	  	541,737  	  	NM         	
Net gain/(loss) on sale of businesses	  	-  	  	(2,711) 	  	2,711  	  	100.0  	  	 	-  	  	198,140  	  	(198,140) 	  	(100.0)        	
Gain from ownership in Visa	  	-  	  	-  	  	-  	  	-  	  	 	112,102  	  	86,305  	  	25,797  	  	29.9         	
Net gain on sale/leaseback of premises	  	-  	  	-  	  	-  	  	-  	  	 	-  	  	37,039  	  	(37,039) 	  	(100.0)        	
Other noninterest income	  	37,596  	  	55,620  	  	(18,024) 	  	(32.4) 	  	 	163,620  	  	239,726  	  	(76,106) 	  	(31.7)        	
Securities gains/(losses), net	  	72,849  	  	411,053  	  	(338,204) 	  	(82.3) 	  	 	98,019  	  	1,073,300  	  	(975,281) 	  	(90.9)        	
	  	 	  	 	  		  			 	 	  	 	  		  		
Total noninterest income	  	742,314  	  	717,729  	  	24,585  	  	3.4  	  	 	3,710,278  	  	4,473,463  	  	(763,185) 	  	(17.1)        	

NONINTEREST EXPENSE	  		  		  		  			 		  		  		  		
Employee compensation and benefits	  	694,124  	  	638,014  	  	56,110  	  	8.8  	  	 	2,799,922  	  	2,761,264  	  	38,658  	  	1.4         	
Net occupancy expense	  	91,709  	  	86,620  	  	5,089  	  	5.9  	  	 	356,791  	  	347,289  	  	9,502  	  	2.7         	
Outside processing and software	  	148,707  	  	143,880  	  	4,827  	  	3.4  	  	 	579,277  	  	492,611  	  	86,666  	  	17.6         	
Equipment expense	  	42,939  	  	47,892  	  	(4,953) 	  	(10.3) 	  	 	171,887  	  	203,209  	  	(31,322) 	  	(15.4)        	
Marketing and customer development	  	48,392  	  	51,636  	  	(3,244) 	  	(6.3) 	  	 	151,538  	  	372,235  	  	(220,697) 	  	(59.3)        	
Amortization/impairment of goodwill/intangible assets	  	12,122  	  	17,259  	  	(5,137) 	  	(29.8) 	  	 	806,834  	  	121,260  	  	685,574  	  	NM         	
Net loss on extinguishment of debt	  	23,520  	  	-  	  	23,520  	  	-  	  	 	39,356  	  	11,723  	  	27,633  	  	NM         	
Visa litigation	  	-  	  	(14,345) 	  	14,345  	  	100.0  	  	 	7,000  	  	(33,469) 	  	40,469  	  	NM         	
Operating losses 3	  	25,911  	  	236,078  	  	(210,167) 	  	(89.0) 	  	 	99,527  	  	446,178  	  	(346,651) 	  	(77.7)        	
Mortgage reinsurance	  	10,285  	  	99,999  	  	(89,714) 	  	(89.7) 	  	 	114,905  	  	179,927  	  	(65,022) 	  	(36.1)        	
FDIC premium/regulatory exams	  	60,526  	  	20,489  	  	40,037  	  	NM  	  	 	302,147  	  	54,876  	  	247,271  	  	NM         	
Other noninterest expense	  	295,331  	  	258,631  	  	36,700  	  	14.2  	  	 	1,133,224  	  	921,920  	  	211,304  	  	22.9         	
	  	 	  	 	  		  			 	 	  	 	  		  		
Total noninterest expense	  	1,453,566  	  	1,586,153  	  	(132,587) 	  	(8.4) 	  	 	6,562,408  	  	5,879,023  	  	683,385  	  	11.6         	

INCOME/(LOSS) BEFORE PROVISION/(BENEFIT) FOR INCOME TAXES	  	(508,481) 	  	(654,058) 	  	145,577  	  	22.3  	  	 	(2,450,354) 	  	739,881  	  	(3,190,235) 	  	NM         	
Provision/(benefit) for income taxes	  	(262,993) 	  	(308,956) 	  	45,963  	  	14.9  	  	 	(898,783) 	  	(67,271) 	  	(831,512) 	  	NM         	
	  	 	  	 	  		  			 	 	  	 	  		  		
NET INCOME/(LOSS) INCLUDING INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	  	(245,488) 	  	(345,102) 	  	99,614  	  	28.9  	  	 	(1,551,571) 	  	807,152  	  	(2,358,723) 	  	NM         	
Less: net income attributable to noncontrolling interest	  	2,627  	  	2,485  	  	142  	  	5.7  	  	 	12,112  	  	11,378  	  	734  	  	6.5         	
	  	 	  	 	  		  			 	 	  	 	  		  		
NET INCOME/(LOSS)	  	($248,115) 	  	($347,587) 	  	$99,472  	  	28.6  	  	 	($1,563,683) 	  	$795,774  	  	($2,359,457) 	  	NM         	

NET INCOME/(LOSS) AVAILABLE TO COMMON SHAREHOLDERS	  	($316,424) 	  	($374,938) 	  	$58,514  	  	15.6  	  	 	($1,733,377) 	  	$740,982  	  	($2,474,359) 	  	NM         	
									
Net interest income - FTE 1	  	$1,206,763  	  	$1,208,650  	  	($1,887) 	  	(0.2) 	  	 	$4,588,979  	  	$4,737,143  	  	($148,164) 	  	(3.1)        	
									
Net income/(loss) per average common share	  		  		  		  			 		  		  		  		
Diluted	  	(0.64) 	  	(1.07) 	  	0.43  	  	40.2  	  	 	(3.98) 	  	2.12  	  	(6.10) 	  	NM         	
Basic	  	(0.64) 	  	(1.07) 	  	0.43  	  	40.2  	  	 	(3.98) 	  	2.12  	  	(6.10) 	  	NM         	
									
Cash dividends paid per common share	  	0.01  	  	0.54  	  	(0.53) 	  	(98.1) 	  	 	0.22  	  	2.85  	  	(2.63) 	  	(92.3)        	
Average common shares outstanding (000s)	  		  		  		  			 		  		  		  		
Diluted 4	  	494,332  	  	350,439  	  	143,893  	  	41.1  	  	 	435,328  	  	350,183  	  	85,145  	  	24.3         	
Basic	  	494,332  	  	350,439  	  	143,893  	  	41.1  	  	 	435,328  	  	348,919  	  	86,409  	  	24.8         	

1 Net interest income includes the effects of FTE adjustments using a federal tax rate of 35% and state income taxes where applicable to increase tax-exempt interest income to a taxable-equivalent basis.
2 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.
3 During the first quarter of 2009, the Company began incorporating certain types of loan-related fraud losses in the allowance for loan and lease losses. These losses, representing borrower misrepresentation and insurance claim denials, were previously recorded within noninterest expense.
4 For earnings per share calculation purposes, the impact of dilutive securities are excluded from the diluted share count during periods that the Company has recognized a net loss available to common shareholders because the impact would be antidilutive.
 
Page 3

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

																
 	  	Three Months Ended	  	 	  	 	 	 	Three Months Ended	
	  	 	 	 	 	
 	  	  December 31  
2009	  	  September 30  
2009	  	  Increase/(Decrease)  3   	 	 	  June 30  
2009	  	  March 31  
2009	  	    December 31  
2008	
 	  		  		  	Amount	  	%	 	 		  		  		
Interest income	  	$1,629,616  	  	$1,657,522  	  	($27,906) 	  	(1.7) 	  % 	 	$1,693,274  	  	$1,729,335  	  	$1,985,371  	
Interest expense	  	453,139  	  	520,064  	  	(66,925) 	  	(12.9) 	  	 	603,617  	  	667,237  	  	808,511  	
	  	 	  	 	  		  			 	 	  	 	  	 	
NET INTEREST INCOME	  	1,176,477  	  	1,137,458  	  	39,019  	  	3.4  	  	 	1,089,657  	  	1,062,098  	  	1,176,860  	
Provision for credit losses 2	  	973,706  	  	1,133,929  	  	(160,223) 	  	(14.1) 	  	 	962,181  	  	994,098  	  	962,494  	
	  	 	  	 	  		  			 	 	  	 	  	 	
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	  	202,771  	  	3,529  	  	199,242  	  	NM  	  	 	127,476  	  	68,000  	  	214,366  	

NONINTEREST INCOME	  		  		  		  			 		  		  		
Service charges on deposit accounts	  	212,665  	  	219,071  	  	(6,406) 	  	(2.9) 	  	 	210,224  	  	206,394  	  	221,751  	
Trust and investment management income	  	134,632  	  	118,874  	  	15,758  	  	13.3  	  	 	117,007  	  	116,010  	  	126,426  	
Retail investment services	  	54,329  	  	51,361  	  	2,968  	  	5.8  	  	 	55,400  	  	56,713  	  	70,238  	
Other charges and fees	  	137,196  	  	133,433  	  	3,763  	  	2.8  	  	 	127,799  	  	124,321  	  	125,206  	
Investment banking income	  	60,084  	  	75,343  	  	(15,259) 	  	(20.3) 	  	 	77,038  	  	59,534  	  	57,962  	
Trading account profits/(losses) and commissions	  	(31,145) 	  	(86,866) 	  	55,721  	  	64.1  	  	 	(30,020) 	  	107,293  	  	(61,879) 	
Card fees	  	85,307  	  	82,370  	  	2,937  	  	3.6  	  	 	80,505  	  	75,660  	  	77,909  	
Mortgage production related income/(loss)	  	(67,904) 	  	28,143  	  	(96,047) 	  	NM  	  	 	165,388  	  	250,470  	  	(27,717) 	
Mortgage servicing related income/(loss)	  	46,705  	  	60,193  	  	(13,488) 	  	(22.4) 	  	 	139,658  	  	83,352  	  	(336,129) 	
Net gain/(loss) on sale of businesses	  	-  	  	-  	  	-  	  	-  	  	 	-  	  	-  	  	(2,711) 	
Gain from ownership in Visa	  	-  	  	-  	  	-  	  	-  	  	 	112,102  	  	-  	  	-  	
Other noninterest income	  	37,596  	  	46,437  	  	(8,841) 	  	(19.0) 	  	 	41,473  	  	38,114  	  	55,620  	
Securities gains/(losses), net	  	72,849  	  	46,692  	  	26,157  	  	56.0  	  	 	(24,899) 	  	3,377  	  	411,053  	
	  	 	  	 	  		  			 	 	  	 	  	 	
Total noninterest income	  	742,314  	  	775,051  	  	(32,737) 	  	(4.2) 	  	 	1,071,675  	  	1,121,238  	  	717,729  	

NONINTEREST EXPENSE	  		  		  		  			 		  		  		
Employee compensation and benefits	  	694,124  	  	666,037  	  	28,087  	  	4.2  	  	 	703,709  	  	736,052  	  	638,014  	
Net occupancy expense	  	91,709  	  	90,445  	  	1,264  	  	1.4  	  	 	87,220  	  	87,417  	  	86,620  	
Outside processing and software	  	148,707  	  	146,850  	  	1,857  	  	1.3  	  	 	145,359  	  	138,361  	  	143,880  	
Equipment expense	  	42,939  	  	41,616  	  	1,323  	  	3.2  	  	 	43,792  	  	43,540  	  	47,892  	
Marketing and customer development	  	48,392  	  	38,157  	  	10,235  	  	26.8  	  	 	30,264  	  	34,725  	  	51,636  	
Amortization/impairment of goodwill/intangible assets	  	12,122  	  	13,741  	  	(1,619) 	  	(11.8) 	  	 	13,955  	  	767,016  	  	17,259  	
Net loss/(gain) on extinguishment of debt	  	23,520  	  	2,276  	  	21,244  	  	NM  	  	 	38,864  	  	(25,304) 	  	-  	
Visa litigation	  	-  	  	-  	  	-  	  	-  	  	 	7,000  	  	-  	  	(14,345) 	
Operating losses 2	  	25,911  	  	18,425  	  	7,486  	  	40.6  	  	 	32,570  	  	22,621  	  	236,078  	
Mortgage reinsurance	  	10,285  	  	10,000  	  	285  	  	2.9  	  	 	24,581  	  	70,039  	  	99,999  	
FDIC premium/regulatory exams	  	60,526  	  	45,473  	  	15,053  	  	33.1  	  	 	148,675  	  	47,473  	  	20,489  	
Other noninterest expense	  	295,331  	  	355,827  	  	(60,496) 	  	(17.0) 	  	 	251,983  	  	230,083  	  	258,631  	
	  	 	  	 	  		  			 	 	  	 	  	 	
Total noninterest expense	  	1,453,566  	  	1,428,847  	  	24,719  	  	1.7  	  	 	1,527,972  	  	2,152,023  	  	1,586,153  	

INCOME/(LOSS) BEFORE PROVISION/(BENEFIT) FOR INCOME TAXES	  	(508,481) 	  	(650,267) 	  	141,786  	  	21.8  	  	 	(328,821) 	  	(962,785) 	  	(654,058) 	
Provision/(benefit) for income taxes	  	(262,993) 	  	(336,056) 	  	73,063  	  	21.7  	  	 	(148,957) 	  	(150,777) 	  	(308,956) 	
	  	 	  	 	  		  			 	 	  	 	  	 	
NET INCOME/(LOSS) INCLUDING INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	  	(245,488) 	  	(314,211) 	  	68,723  	  	21.9  	  	 	(179,864) 	  	(812,008) 	  	(345,102) 	
Less: net income attributable to noncontrolling interest	  	2,627  	  	2,730  	  	(103) 	  	(3.8) 	  	 	3,596  	  	3,159  	  	2,485  	
	  	 	  	 	  		  			 	 	  	 	  	 	
NET INCOME/(LOSS)	  	($248,115) 	  	($316,941) 	  	$68,826  	  	21.7  	  	 	($183,460) 	  	($815,167) 	  	($347,587) 	

NET INCOME/(LOSS) AVAILABLE TO COMMON SHAREHOLDERS	  	($316,424) 	  	($377,144) 	  	$60,720  	  	16.1  	  	 	($164,428) 	  	($875,381) 	  	($374,938) 	
								
Net interest income - FTE 1	  	$1,206,763  	  	$1,168,174  	  	$38,589  	  	3.3  	  	 	$1,121,085  	  	$1,092,957  	  	$1,208,650  	
								
Net income/(loss) per average common share	  		  		  		  			 		  		  		
Diluted	  	(0.64) 	  	(0.76) 	  	0.12  	  	15.8  	  	 	(0.41) 	  	(2.49) 	  	(1.07) 	
Basic	  	(0.64) 	  	(0.76) 	  	0.12  	  	15.8  	  	 	(0.41) 	  	(2.49) 	  	(1.07) 	
								
Cash dividends paid per common share	  	0.01  	  	0.01  	  	-  	  	-  	  	 	0.10  	  	0.10  	  	0.54  	
Average common shares outstanding (000s)	  		  		  		  			 		  		  		
Diluted 4	  	494,332  	  	494,169  	  	163  	  	-  	  	 	399,242  	  	351,352  	  	350,439  	
Basic	  	494,332  	  	494,169  	  	163  	  	-  	  	 	399,242  	  	351,352  	  	350,439  	

1 Net interest income includes the effects of FTE adjustments using a federal tax rate of 35% and state income taxes where applicable to increase tax-exempt interest income to a taxable-equivalent basis.
2 During the first quarter of 2009, the Company began incorporating certain types of loan-related fraud losses in the allowance for loan and lease losses. These losses, representing borrower misrepresentation and insurance claim denials, were previously recorded within noninterest expense.
3 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.
4 For earnings per share calculation purposes, the impact of dilutive securities are excluded from the diluted share count during periods that the Company has recognized a net loss available to common shareholders because the impact would be antidilutive.
 
Page 4

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

									
 	  	As of December 31	  	    Increase/(Decrease) 3     	
 	  	2009	  	2008	  	Amount	  	%	
ASSETS	  		  		  		  		
Cash and due from banks	  	$6,456,406  	  	$5,622,789  	  	$833,617  	  	14.8  %  	
Interest-bearing deposits in other banks	  	24,109  	  	23,999  	  	110  	  	0.5       	
Funds sold and securities purchased under agreements to resell	  	516,656  	  	990,614  	  	(473,958) 	  	(47.8)      	
Trading assets	  	4,979,938  	  	10,396,269  	  	(5,416,331) 	  	(52.1)      	
Securities available for sale 1	  	28,477,042  	  	19,696,537  	  	8,780,505  	  	44.6       	
Loans held for sale	  	4,669,823  	  	4,032,128  	  	637,695  	  	15.8       	
Loans:	  		  		  		  		
Commercial	  	32,494,067  	  	41,039,945  	  	(8,545,878) 	  	(20.8)      	
Real estate:	  		  		  		  		
Home equity lines	  	15,952,546  	  	16,454,382  	  	(501,836) 	  	(3.0)      	
Construction	  	6,646,831  	  	9,863,961  	  	(3,217,130) 	  	(32.6)      	
Residential mortgages	  	30,789,759  	  	32,065,839  	  	(1,276,080) 	  	(4.0)      	
Commercial real estate - owner occupied	  	8,915,447  	  	8,758,052  	  	157,395  	  	1.8       	
Commercial real estate - investor owned	  	6,159,006  	  	6,199,030  	  	(40,024) 	  	(0.6)      	
Consumer:	  		  		  		  		
Direct	  	5,117,765  	  	5,139,335  	  	(21,570) 	  	(0.4)      	
Indirect	  	6,531,134  	  	6,507,622  	  	23,512  	  	0.4       	
Credit card	  	1,068,289  	  	970,277  	  	98,012  	  	10.1       	
	  	 	  	 	  		  		
Total loans	  	113,674,844  	  	126,998,443  	  	(13,323,599) 	  	(10.5)      	
Allowance for loan and lease losses	  	(3,120,000) 	  	(2,350,996) 	  	769,004  	  	32.7       	
	  	 	  	 	  		  		
Net loans	  	110,554,844  	  	124,647,447  	  	(14,092,603) 	  	(11.3)      	
Goodwill	  	6,319,078  	  	7,043,503  	  	(724,425) 	  	(10.3)      	
Other intangible assets	  	1,711,299  	  	1,035,427  	  	675,872  	  	65.3       	
Other real estate owned	  	619,621  	  	500,481  	  	119,140  	  	23.8       	
Other assets	  	9,835,919  	  	15,148,767  	  	(5,312,848) 	  	(35.1)      	
	  	 	  	 	  		  		
Total assets 2	  	$174,164,735  	  	$189,137,961  	  	($14,973,226) 	  	(7.9)      	

LIABILITIES	  		  		  		  		
Noninterest-bearing consumer and commercial deposits	  	$24,244,041  	  	$21,522,021  	  	$2,722,020  	  	12.6  %  	
Interest-bearing consumer and commercial deposits:	  		  		  		  		
NOW accounts	  	27,204,796  	  	21,349,609  	  	5,855,187  	  	27.4       	
Money market accounts	  	35,212,841  	  	28,744,308  	  	6,468,533  	  	22.5       	
Savings	  	3,752,824  	  	3,345,187  	  	407,637  	  	12.2       	
Consumer time	  	14,778,577  	  	17,239,725  	  	(2,461,148) 	  	(14.3)      	
Other time	  	11,110,373  	  	13,074,857  	  	(1,964,484) 	  	(15.0)      	
	  	 	  	 	  		  		
Total consumer and commercial deposits	  	116,303,452  	  	105,275,707  	  	11,027,745  	  	10.5       	
Brokered deposits	  	4,231,530  	  	7,667,167  	  	(3,435,637) 	  	(44.8)      	
Foreign deposits	  	1,328,584  	  	385,510  	  	943,074  	  	NM       	
	  	 	  	 	  		  		
Total deposits	  	121,863,566  	  	113,328,384  	  	8,535,182  	  	7.5       	
Funds purchased	  	1,432,581  	  	1,120,079  	  	312,502  	  	27.9       	
Securities sold under agreements to repurchase	  	1,870,510  	  	3,193,311  	  	(1,322,801) 	  	(41.4)      	
Other short-term borrowings	  	2,062,277  	  	5,166,360  	  	(3,104,083) 	  	(60.1)      	
Long-term debt	  	17,489,516  	  	26,812,381  	  	(9,322,865) 	  	(34.8)      	
Trading liabilities	  	2,188,923  	  	3,240,784  	  	(1,051,861) 	  	(32.5)      	
Other liabilities	  	4,726,507  	  	13,775,857  	  	(9,049,350) 	  	(65.7)      	
	  	 	  	 	  		  		
Total liabilities	  	151,633,880  	  	166,637,156  	  	(15,003,276) 	  	(9.0)      	

SHAREHOLDERS’ EQUITY	  		  		  		  		
Preferred stock, no par value	  	4,917,312  	  	5,221,703  	  	(304,391) 	  	(5.8)      	
Common stock, $1.00 par value	  	514,667  	  	372,799  	  	141,868  	  	38.1       	
Additional paid in capital	  	8,521,042  	  	6,904,644  	  	1,616,398  	  	23.4       	
Retained earnings	  	8,562,807  	  	10,388,984  	  	(1,826,177) 	  	(17.6)      	
Treasury stock, at cost, and other	  	(1,055,136) 	  	(1,368,450) 	  	(313,314) 	  	(22.9)      	
Accumulated other comprehensive income	  	1,070,163  	  	981,125  	  	89,038  	  	9.1       	
	  	 	  	 	  		  		
Total shareholders’ equity	  	22,530,855  	  	22,500,805  	  	30,050  	  	0.1       	

Total liabilities and shareholders’ equity	  	$174,164,735  	  	$189,137,961  	  	($14,973,226) 	  	(7.9)      	
	  	 	  	 	  		  		
Common shares outstanding	  	499,156,858  	  	354,515,013  	  	144,641,845  	  	40.8       	
Common shares authorized	  	750,000,000  	  	750,000,000  	  	-  	  	-       	
Preferred shares outstanding	  	50,225  	  	53,500  	  	(3,275) 	  	(6.1)      	
Preferred shares authorized	  	50,000,000  	  	50,000,000  	  	-  	  	-       	
Treasury shares of common stock	  	15,509,737  	  	18,284,356  	  	(2,774,619) 	  	(15.2)      	

1 Includes net unrealized gains of	  	$1,831,948  	  	$1,413,330  	  	$418,618  	  	29.6  %  	
2 Includes earning assets of	  	147,896,225  	  	156,016,463  	  	(8,120,238) 	  	(5.2)      	
3 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.	  		  		  		  		
 
Page 5

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

																		
 	  	As of	  	 	  	 	 	 	 	 	 	 	As of	  	 	
	  	 	 	 	 	
 	  	    December 31      
2009	  	    September 30    
2009	  	      Increase/(Decrease)  3       	 	 	June 30
2009	 	 	 	    March 31    
2009	  	    December 31    
2008	
	  		  		  	Amount	  	%	 	 		 		 		  		
ASSETS	  		  		  		  			 		 		 		  		
Cash and due from banks	  	$6,456,406   	  	$4,303,550  	  	$2,152,856  	  	50.0  	% 	 	$2,434,859  	 		 	$5,825,730  	  	$5,622,789  	
Interest-bearing deposits in other banks	  	24,109   	  	25,098  	  	(989) 	  	(3.9) 	  	 	24,310  	 		 	25,282  	  	23,999  	
Funds sold and securities purchased under agreements to resell	  	516,656   	  	829,089  	  	(312,433) 	  	(37.7) 	  	 	798,515  	 		 	1,209,987  	  	990,614  	
Trading assets	  	4,979,938   	  	6,673,623  	  	(1,693,685) 	  	(25.4) 	  	 	7,739,197  	 		 	7,397,338  	  	10,396,269  	
Securities available for sale 1	  	28,477,042   	  	22,122,850  	  	6,354,192  	  	28.7  	  	 	19,465,291  	 		 	19,485,406  	  	19,696,537  	
Loans held for sale	  	4,669,823   	  	4,577,549  	  	92,274  	  	2.0  	  	 	8,031,114  	 		 	6,954,038  	  	4,032,128  	
Loans:	  		  		  		  			 		 		 		  		
Commercial	  	32,494,067   	  	33,491,704  	  	(997,637) 	  	(3.0) 	  	 	37,960,878  	 		 	38,616,338  	  	41,039,945  	
Real estate:	  		  		  		  			 		 		 		  		
Home equity lines	  	15,952,546   	  	16,120,532  	  	(167,986) 	  	(1.0) 	  	 	16,298,228  	 		 	16,455,007  	  	16,454,382  	
Construction	  	6,646,831   	  	7,379,580  	  	(732,749) 	  	(9.9) 	  	 	8,175,803  	 		 	9,046,475  	  	9,863,961  	
Residential mortgages	  	30,789,759   	  	31,623,160  	  	(833,401) 	  	(2.6) 	  	 	31,988,995  	 		 	32,180,888  	  	32,065,839  	
Commercial real estate - owner occupied	  	8,915,447   	  	9,062,920  	  	(147,473) 	  	(1.6) 	  	 	9,349,847  	 		 	8,858,393  	  	8,758,052  	
Commercial real estate - investor owned	  	6,159,006   	  	6,230,803  	  	(71,797) 	  	(1.2) 	  	 	6,509,267  	 		 	6,235,754  	  	6,199,030  	
Consumer:	  		  		  		  			 		 		 		  		
Direct	  	5,117,765   	  	5,058,593  	  	59,172  	  	1.2  	  	 	5,121,230  	 		 	5,173,380  	  	5,139,335  	
Indirect	  	6,531,134   	  	6,564,095  	  	(32,961) 	  	(0.5) 	  	 	6,406,383  	 		 	6,351,255  	  	6,507,622  	
Credit card	  	1,068,289   	  	956,551  	  	111,738  	  	11.7  	  	 	1,005,545  	 		 	975,476  	  	970,277  	
	  	 	  	 	  		  			 	 	 		 	 	  	 	
Total loans	  	113,674,844   	  	116,487,938  	  	(2,813,094) 	  	(2.4) 	  	 	122,816,176  	 		 	123,892,966  	  	126,998,443  	
Allowance for loan and lease losses	  	(3,120,000)  	  	(3,024,000) 	  	96,000  	  	3.2  	  	 	(2,896,000) 	 		 	(2,735,000) 	  	(2,350,996) 	
	  	 	  	 	  		  			 	 	 		 	 	  	 	
Net loans	  	110,554,844   	  	113,463,938  	  	(2,909,094) 	  	(2.6) 	  	 	119,920,176  	 		 	121,157,966  	  	124,647,447  	
Goodwill	  	6,319,078   	  	6,314,382  	  	4,696  	  	0.1  	  	 	6,314,382  	 		 	6,309,431  	  	7,043,503  	
Other intangible assets	  	1,711,299   	  	1,604,136  	  	107,163  	  	6.7  	  	 	1,517,483  	 		 	1,103,333  	  	1,035,427  	
Other real estate owned	  	619,621   	  	571,553  	  	48,068  	  	8.4  	  	 	588,922  	 		 	593,579  	  	500,481  	
Other assets	  	9,835,919   	  	12,231,979  	  	(2,396,060) 	  	(19.6) 	  	 	9,900,722  	 		 	9,054,312  	  	15,148,767  	
	  	 	  	 	  		  			 	 	 		 	 	  	 	
Total assets 2	  	$174,164,735   	  	$172,717,747  	  	$1,446,988  	  	0.8  	  	 	    $176,734,971  	 		 	    $179,116,402  	  	    $189,137,961  	

LIABILITIES	  		  		  		  			 		 		 		  		
Noninterest-bearing consumer and commercial deposits	  	$24,244,041   	  	$23,590,252  	  	$653,789  	  	2.8  	% 	 	$24,610,303  	 		 	$24,371,518  	  	$21,522,021  	
Interest-bearing consumer and commercial deposits:	  		  		  		  			 		 		 		  		
NOW accounts	  	27,204,796   	  	24,483,369  	  	2,721,427  	  	11.1  	  	 	23,293,865  	 		 	22,420,789  	  	21,349,609  	
Money market accounts	  	35,212,841   	  	32,741,496  	  	2,471,345  	  	7.5  	  	 	31,986,840  	 		 	30,350,351  	  	28,744,308  	
Savings	  	3,752,824   	  	3,850,617  	  	(97,793) 	  	(2.5) 	  	 	3,663,261  	 		 	3,598,754  	  	3,345,187  	
Consumer time	  	14,778,577   	  	16,317,023  	  	(1,538,446) 	  	(9.4) 	  	 	17,007,704  	 		 	17,555,203  	  	17,239,725  	
Other time	  	11,110,373   	  	12,618,485  	  	(1,508,112) 	  	(12.0) 	  	 	13,184,374  	 		 	14,152,098  	  	13,074,857  	
	  	 	  	 	  		  			 	 	 		 	 	  	 	
Total consumer and commercial deposits	  	116,303,452   	  	113,601,242  	  	2,702,210  	  	2.4  	  	 	113,746,347  	 		 	112,448,713  	  	105,275,707  	
Brokered deposits	  	4,231,530   	  	4,953,103  	  	(721,573) 	  	(14.6) 	  	 	4,519,752  	 		 	6,373,500  	  	7,667,167  	
Foreign deposits	  	1,328,584   	  	776,697  	  	551,887  	  	71.1  	  	 	535,372  	 		 	149,962  	  	385,510  	
	  	 	  	 	  		  			 	 	 		 	 	  	 	
Total deposits	  	121,863,566   	  	119,331,042  	  	2,532,524  	  	2.1  	  	 	118,801,471  	 		 	118,972,175  	  	113,328,384  	
Funds purchased	  	1,432,581   	  	1,037,562  	  	395,019  	  	38.1  	  	 	3,920,127  	 		 	1,567,406  	  	1,120,079  	
Securities sold under agreements to repurchase	  	1,870,510   	  	2,186,204  	  	(315,694) 	  	(14.4) 	  	 	2,393,434  	 		 	3,165,644  	  	3,193,311  	
Other short-term borrowings	  	2,062,277   	  	1,692,889  	  	369,388  	  	21.8  	  	 	1,761,711  	 		 	2,883,384  	  	5,166,360  	
Long-term debt	  	17,489,516   	  	18,177,280  	  	(687,764) 	  	(3.8) 	  	 	18,842,460  	 		 	23,029,842  	  	26,812,381  	
Trading liabilities	  	2,188,923   	  	2,531,114  	  	(342,191) 	  	(13.5) 	  	 	2,348,851  	 		 	3,050,628  	  	3,240,784  	
Other liabilities	  	4,726,507   	  	4,853,372  	  	(126,865) 	  	(2.6) 	  	 	5,713,759  	 		 	4,801,697  	  	13,775,857  	
	  	 	  	 	  		  			 	 	 		 	 	  	 	
Total liabilities	  	151,633,880   	  	149,809,463  	  	1,824,417  	  	1.2  	  	 	153,781,813  	 		 	157,470,776  	  	166,637,156  	

SHAREHOLDERS’ EQUITY	  		  		  		  			 		 		 		  		
Preferred stock, no par value	  	4,917,312   	  	4,911,416  	  	5,896  	  	0.1  	  	 	4,918,863  	 		 	5,227,357  	  	5,221,703  	
Common stock, $1.00 par value	  	514,667   	  	514,667  	  	-    	  	-    	  	 	514,667  	 		 	372,799  	  	372,799  	
Additional paid in capital	  	8,521,042   	  	8,520,533  	  	509  	  	-    	  	 	8,540,036  	 		 	6,713,536  	  	6,904,644  	
Retained earnings	  	8,562,807   	  	8,886,150  	  	(323,343) 	  	(3.6) 	  	 	9,271,388  	 		 	9,466,914  	  	10,388,984  	
Treasury stock, at cost, and other	  	(1,055,136)  	  	(1,076,633) 	  	(21,497) 	  	2.0  	  	 	(1,115,782) 	 		 	(1,168,995) 	  	(1,368,450) 	
Accumulated other comprehensive income	  	1,070,163   	  	1,152,151  	  	(81,988) 	  	(7.1) 	  	 	823,986  	 		 	1,034,015  	  	981,125  	
	  	 	  	 	  		  			 	 	 		 	 	  	 	
Total shareholders’ equity	  	22,530,855   	  	22,908,284  	  	(377,429) 	  	(1.6) 	  	 	22,953,158  	 		 	21,645,626  	  	22,500,805  	

Total liabilities and shareholders' equity	  	$174,164,735   	  	$172,717,747  	  	$1,446,988  	  	0.8  	  	 	$176,734,971  	 		 	$179,116,402  	  	$189,137,961  	

Common shares outstanding	  	499,156,858   	  	499,146,588  	  	10,270  	  	-    	  	 	498,786,047  	 		 	356,693,099  	  	354,515,013  	
Common shares authorized	  	750,000,000   	  	750,000,000  	  	-    	  	-    	  	 	750,000,000  	 		 	750,000,000  	  	750,000,000  	
Preferred shares outstanding	  	50,225   	  	50,225  	  	-    	  	-    	  	 	50,358  	 		 	53,500  	  	53,500  	
Preferred shares authorized	  	50,000,000   	  	50,000,000  	  	-    	  	-    	  	 	50,000,000  	 		 	50,000,000  	  	50,000,000  	
Treasury shares of common stock	  	15,509,737   	  	15,520,007  	  	(10,270) 	  	(0.1) 	  	 	15,880,548  	 		 	16,106,270  	  	18,284,356  	

1 Includes net unrealized gains of	  	$1,831,948   	  	$1,903,165  	  	($71,217) 	  	(3.7) 	% 	 	$1,479,277  	 		 	$1,492,517  	  	$1,413,330  	
2 Includes earning assets of	  	147,896,225   	  	145,554,286  	  	2,341,939  	  	1.6  	  	 	154,345,469  	 		 	153,289,712  	  	156,016,463  	
3 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.	  	 		 		 		  		
 
Page 6

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

 	 	Three Months Ended	 	Increase/(Decrease) From	 	
 	 	December 31, 2009	 	 	September 30, 2009	 	Sequential Quarter	 	 	Prior Year Quarter	 	
												
 	 	Average
Balances	 	Interest 
Income/
   Expense  	 	 Yields/ 
Rates	 	 	Average
  Balances  	 	Interest
Income/
   Expense  	 	 Yields/ 
Rates	 	 	 	 	Average
Balances	 	 Yields/ 
Rates	 	 	Average
  Balances  	 	 Yields/ 
Rates	 	
ASSETS	 		 		 			 		 		 			 		 		 			 		 			
Loans:	 		 		 			 		 		 			 		 		 			 		 			
Real estate 1-4 family	 	$27,382.6  	 	$410.4  	 	5.99 	% 	 	$28,397.5  	 	$423.7  	 	5.97 	% 	 		 	($1,014.9) 	 	0.02  	% 	 	($3,624.3) 	 	(0.23) 	% 	
Real estate construction	 	4,753.3  	 	40.5  	 	3.38 	  	 	5,420.5  	 	45.0  	 	3.29 	  	 		 	(667.2) 	 	0.09  	  	 	(4,161.5) 	 	(1.37) 	  	
Real estate home equity lines	 	15,419.7  	 	129.1  	 	3.32 	  	 	15,611.3  	 	130.8  	 	3.32 	  	 		 	(191.6) 	 	-    	  	 	(383.4) 	 	(1.06) 	  	
Real estate commercial	 	15,356.8  	 	156.4  	 	4.04 	  	 	15,820.4  	 	161.7  	 	4.05 	  	 		 	(463.6) 	 	(0.01) 	  	 	620.0  	 	(1.42) 	  	
Commercial - FTE 1	 	32,707.0  	 	454.4  	 	5.51 	  	 	35,410.1  	 	452.9  	 	5.07 	  	 		 	(2,703.1) 	 	0.44  	  	 	(7,756.8) 	 	0.20  	  	
Credit Card	 	995.5  	 	19.3  	 	7.77 	  	 	989.9  	 	18.6  	 	7.53 	  	 		 	5.6  	 	0.24  	  	 	(3.5) 	 	1.01  	  	
Consumer - direct	 	5,071.5  	 	50.8  	 	3.97 	  	 	5,042.1  	 	49.4  	 	3.89 	  	 		 	29.4  	 	0.08  	  	 	62.1  	 	(1.21) 	  	
Consumer - indirect	 	6,636.0  	 	104.1  	 	6.22 	  	 	6,616.9  	 	105.6  	 	6.33 	  	 		 	19.1  	 	(0.11) 	  	 	(184.9) 	 	(0.17) 	  	
Nonaccrual and restructured	 	6,713.7  	 	11.5  	 	0.68 	  	 	6,487.5  	 	9.6  	 	0.59 	  	 		 	226.2  	 	0.09  	  	 	2,860.5  	 	0.15  	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 		 	 	 	 	 	 	 	 	 	 	
Total loans	 	115,036.1  	 	1,376.5  	 	4.75 	  	 	119,796.2  	 	1,397.3  	 	4.63 	  	 		 	(4,760.1) 	 	0.12  	  	 	(12,571.8) 	 	(0.56) 	  	
Securities available for sale:	 		 		 			 		 		 			 		 		 			 		 			
Taxable	 	23,338.4  	 	207.5  	 	3.56 	  	 	19,568.0  	 	196.3  	 	4.01 	  	 		 	3,770.4  	 	(0.45) 	  	 	10,267.2  	 	(2.07) 	  	
Tax-exempt - FTE 1	 	952.3  	 	12.9  	 	5.41 	  	 	979.0  	 	13.3  	 	5.44 	  	 		 	(26.7) 	 	(0.03) 	  	 	(55.6) 	 	(0.63) 	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 		 	 	 	 	 	 	 	 	 	 	
Total securities available for sale - FTE 1	 	24,290.7  	 	220.4  	 	3.63 	  	 	20,547.0  	 	209.6  	 	4.08 	  	 		 	3,743.7  	 	(0.45) 	  	 	10,211.6  	 	(2.02) 	  	
Funds sold and securities purchased under agreements to resell	 	694.8  	 	0.3  	 	0.18 	  	 	695.2  	 	0.4  	 	0.22 	  	 		 	(0.4) 	 	(0.04) 	  	 	(268.4) 	 	(0.59) 	  	
Loans held for sale	 	3,933.5  	 	41.3  	 	4.19 	  	 	5,100.8  	 	57.3  	 	4.49 	  	 		 	(1,167.3) 	 	(0.30) 	  	 	(34.8) 	 	(1.20) 	  	
Interest-bearing deposits	 	24.4  	 	0.0  	 	0.36 	  	 	25.8  	 	0.1  	 	0.51 	  	 		 	(1.4) 	 	(0.15) 	  	 	(6.5) 	 	(1.78) 	  	
Interest earning trading assets	 	2,607.7  	 	21.4  	 	3.25 	  	 	3,414.3  	 	23.6  	 	2.74 	  	 		 	(806.6) 	 	0.51  	  	 	(3,930.8) 	 	(0.42) 	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 		 	 	 	 	 	 	 	 	 	 	
Total earning assets	 	146,587.2  	 	1,659.9  	 	4.49 	  	 	149,579.3  	 	1,688.3  	 	4.48 	  	 		 	(2,992.1) 	 	0.01  	  	 	(6,600.7) 	 	(0.75) 	  	
Allowance for loan and lease losses	 	(2,936.3) 	 		 			 	(2,842.7) 	 		 			 		 	(93.6) 	 			 	(938.4) 	 			
Cash and due from banks	 	7,656.9  	 		 			 	3,507.8  	 		 			 		 	4,149.1  	 			 	4,438.3  	 			
Other assets	 	17,647.6  	 		 			 	17,485.0  	 		 			 		 	162.6  	 			 	(47.7) 	 			
Noninterest earning trading assets	 	3,099.4  	 		 			 	3,126.5  	 		 			 		 	(27.1) 	 			 	(472.4) 	 			
Unrealized gains on securities available for sale, net	 	1,985.7  	 		 			 	1,607.3  	 		 			 		 	378.4  	 			 	614.1  	 			
	 	 	 		 			 	 	 		 			 		 	 	 			 	 	 			
Total assets	 	  $174,040.5  	 		 			 	    $172,463.2  	 		 			 		 	    $1,577.3  	 			 	    ($3,006.8) 	 			

LIABILITIES AND SHAREHOLDERS’ EQUITY	 			 		 		 			 		 		 			 		 			
Interest-bearing deposits:	 		 		 			 		 		 			 		 		 			 		 			
NOW accounts	 	$26,374.1  	 	$23.0  	 	0.35 	% 	 	$23,956.2  	 	$23.8  	 	0.39 	% 	 		 	$2,417.9  	 	(0.04) 	% 	 	$6,279.1  	 	(0.30) 	% 	
Money market accounts	 	34,318.3  	 	62.6  	 	0.72 	  	 	32,505.4  	 	70.4  	 	0.86 	  	 		 	1,812.9  	 	(0.14) 	  	 	6,349.6  	 	(1.08) 	  	
Savings	 	3,813.9  	 	2.4  	 	0.25 	  	 	3,732.9  	 	3.0  	 	0.32 	  	 		 	81.0  	 	(0.07) 	  	 	353.9  	 	(0.07) 	  	
Consumer time	 	15,549.1  	 	91.4  	 	2.33 	  	 	16,734.6  	 	118.0  	 	2.80 	  	 		 	(1,185.5) 	 	(0.47) 	  	 	(1,494.4) 	 	(0.98) 	  	
Other time	 	11,900.9  	 	74.5  	 	2.48 	  	 	13,041.3  	 	94.2  	 	2.86 	  	 		 	(1,140.4) 	 	(0.38) 	  	 	(815.7) 	 	(1.02) 	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 		 	 	 	 	 	 	 	 	 	 	
Total interest-bearing consumer and commercial deposits	 	91,956.3  	 	253.9  	 	1.10 	  	 	89,970.4  	 	309.4  	 	1.36 	  	 		 	1,985.9  	 	(0.26) 	  	 	10,672.5  	 	(0.93) 	  	
Brokered deposits	 	4,603.6  	 	28.1  	 	2.39 	  	 	4,706.0  	 	25.5  	 	2.12 	  	 		 	(102.4) 	 	0.27  	  	 	(4,338.7) 	 	(1.30) 	  	
Foreign deposits	 	541.4  	 	0.2  	 	0.10 	  	 	486.9  	 	0.1  	 	0.11 	  	 		 	54.5  	 	(0.01) 	  	 	(3,165.0) 	 	(0.32) 	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 		 	 	 	 	 	 	 	 	 	 	
Total interest-bearing deposits	 	97,101.3  	 	282.2  	 	1.15 	  	 	95,163.3  	 	335.0  	 	1.40 	  	 		 	1,938.0  	 	(0.25) 	  	 	3,168.8  	 	(0.98) 	  	
Funds purchased	 	1,427.0  	 	0.6  	 	0.16 	  	 	1,521.7  	 	0.7  	 	0.18 	  	 		 	(94.7) 	 	(0.02) 	  	 	(729.1) 	 	(0.53) 	  	
Securities sold under agreements to repurchase	 	1,965.1  	 	0.6  	 	0.12 	  	 	2,043.1  	 	0.8  	 	0.15 	  	 		 	(78.0) 	 	(0.03) 	  	 	(1,644.3) 	 	(0.21) 	  	
Interest-bearing trading liabilities	 	428.8  	 	4.4  	 	4.14 	  	 	414.1  	 	4.7  	 	4.46 	  	 		 	14.7  	 	(0.32) 	  	 	(157.1) 	 	0.27  	  	
Other short-term borrowings	 	1,711.6  	 	3.0  	 	0.69 	  	 	1,606.8  	 	2.9  	 	0.73 	  	 		 	104.8  	 	(0.04) 	  	 	(2,451.9) 	 	(0.08) 	  	
Long-term debt	 	17,691.8  	 	162.3  	 	3.64 	  	 	18,388.6  	 	176.0  	 	3.80 	  	 		 	(696.8) 	 	(0.16) 	  	 	(6,346.0) 	 	(1.06) 	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 		 	 	 	 	 	 	 	 	 	 	
Total interest-bearing liabilities	 	120,325.6  	 	453.1  	 	1.49 	  	 	119,137.6  	 	520.1  	 	1.73 	  	 		 	1,188.0  	 	(0.24) 	  	 	(8,159.6) 	 	(1.01) 	  	
Noninterest-bearing deposits	 	25,052.2  	 		 			 	24,516.0  	 		 			 		 	536.2  	 			 	4,097.6  	 			
Other liabilities	 	4,319.0  	 		 			 	4,384.6  	 		 			 		 	(65.6) 	 			 	(805.7) 	 			
Noninterest-bearing trading liabilities	 	1,963.0  	 		 			 	1,957.1  	 		 			 		 	5.9  	 			 	(628.8) 	 			
Shareholders’ equity	 	22,380.7  	 		 			 	22,467.9  	 		 			 		 	(87.2) 	 			 	2,489.7  	 			
	 	 	 		 			 	 	 		 			 		 	 	 			 	 	 			
Total liabilities and shareholders’ equity	 	$174,040.5  	 		 			 	$172,463.2  	 		 			 		 	$1,577.3  	 			 	    ($3,006.8) 	 			

Interest Rate Spread	 		 		 	3.00 	% 	 		 		 	2.75 	% 	 		 		 	0.25  	% 	 		 	0.26  	% 	

Net Interest Income - FTE 1	 		 	    $1,206.8  	 			 		 	    $1,168.2  	 			 		 		 			 		 			

Net Interest Margin 2	 		 		 	3.27 	% 	 		 		 	3.10 	% 	 		 		 	0.17  	% 	 		 	0.13  	% 	

 

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

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

																								
 	  	Three Months Ended	
 	  	June 30, 2009	 	 	March 31, 2009	 	 	December 31, 2008	
											
 	  	  Average  
  Balances  	  	  Interest  
  Income/  
  Expense  	  	 Yields/ 
 Rates 	 	 	  Average  
  Balances  	  	  Interest  
  Income/  
  Expense  	  	 Yields/ 
 Rates 	 	 	  Average  
  Balances  	  	  Interest  
  Income/  
  Expense  	  	 Yields/ 
 Rates 	 	 	 	
ASSETS	  		  		  			 		  		  			 		  		  			 		
Loans:	  		  		  			 		  		  			 		  		  			 		
Real estate 1-4 family	  	$29,388.0  	  	$437.0  	  	5.95 	  % 	 	$29,945.3  	  	$451.5  	  	6.03 	  % 	 	$31,006.9  	  	$482.4  	  	6.22 	  % 	 		
Real estate construction	  	6,448.6  	  	52.6  	  	3.27 	  	 	7,376.5  	  	59.9  	  	3.29 	  	 	8,914.8  	  	106.5  	  	4.75 	  	 		
Real estate home equity lines	  	15,808.9  	  	130.8  	  	3.32 	  	 	15,906.7  	  	132.7  	  	3.38 	  	 	15,803.1  	  	173.8  	  	4.38 	  	 		
Real estate commercial	  	15,774.9  	  	163.1  	  	4.15 	  	 	15,338.8  	  	158.3  	  	4.18 	  	 	14,736.8  	  	202.2  	  	5.46 	  	 		
Commercial - FTE 1	  	38,599.0  	  	458.9  	  	4.77 	  	 	39,198.6  	  	453.4  	  	4.69 	  	 	40,463.8  	  	540.5  	  	5.31 	  	 		
Credit Card	  	977.8  	  	17.4  	  	7.10 	  	 	972.2  	  	18.1  	  	7.45 	  	 	999.0  	  	16.9  	  	6.76 	  	 		
Consumer - direct	  	5,127.6  	  	50.6  	  	3.96 	  	 	5,164.6  	  	56.3  	  	4.42 	  	 	5,009.4  	  	65.3  	  	5.18 	  	 		
Consumer - indirect	  	6,498.8  	  	103.2  	  	6.37 	  	 	6,624.1  	  	105.1  	  	6.44 	  	 	6,820.9  	  	109.6  	  	6.39 	  	 		
Nonaccrual and restructured	  	5,499.8  	  	10.7  	  	    0.78 	  	 	4,806.7  	  	4.3  	  	    0.36 	  	 	3,853.2  	  	5.1  	  	    0.53 	  	 		
	  	 	  	 	  	 	 	 	 	  	 	  	 	 	 	 	  	 	  	 	 	 		
Total loans	  	124,123.4  	  	1,424.3  	  	4.60 	  	 	125,333.5  	  	1,439.6  	  	4.66 	  	 	127,607.9  	  	1,702.3  	  	5.31 	  	 		
Securities available for sale:	  		  		  			 		  		  			 		  		  			 		
Taxable	  	16,479.9  	  	186.7  	  	4.53 	  	 	16,371.0  	  	199.4  	  	4.87 	  	 	13,071.2  	  	183.8  	  	5.63 	  	 		
Tax-exempt - FTE 1	  	1,009.6  	  	13.8  	  	5.47 	  	 	1,071.9  	  	14.7  	  	5.50 	  	 	1,007.9  	  	15.2  	  	6.04 	  	 		
	  	 	  	 	  	 	 	 	 	  	 	  	 	 	 	 	  	 	  	 	 	 		
Total securities available for sale - FTE 1	  	17,489.5  	  	200.5  	  	4.59 	  	 	17,442.9  	  	214.1  	  	4.91 	  	 	14,079.1  	  	199.0  	  	5.65 	  	 		
Funds sold and securities purchased under agreements to resell	  	825.6  	  	0.6  	  	0.27 	  	 	963.7  	  	0.9  	  	0.39 	  	 	963.2  	  	1.9  	  	0.77 	  	 		
Loans held for sale	  	6,547.3  	  	72.4  	  	4.42 	  	 	5,348.8  	  	61.8  	  	4.62 	  	 	3,968.3  	  	53.5  	  	5.39 	  	 		
Interest-bearing deposits	  	25.0  	  	0.1  	  	1.01 	  	 	26.1  	  	0.1  	  	1.76 	  	 	30.9  	  	0.2  	  	2.14 	  	 		
Interest earning trading assets	  	4,166.4  	  	26.8  	  	2.58 	  	 	5,275.0  	  	43.7  	  	3.35 	  	 	6,538.5  	  	60.3  	  	3.67 	  	 		
	  	 	  	 	  	 	 	 	 	  	 	  	 	 	 	 	  	 	  	 	 	 		
Total earning assets	  	153,177.2  	  	1,724.7  	  	4.52 	  	 	154,390.0  	  	1,760.2  	  	4.62 	  	 	153,187.9  	  	2,017.2  	  	5.24 	  	 		
Allowance for loan and lease losses	  	(2,684.0) 	  		  			 	(2,350.9) 	  		  			 	(1,997.9) 	  		  			 		
Cash and due from banks	  	4,188.8  	  		  			 	3,995.4  	  		  			 	3,218.6  	  		  			 		
Other assets	  	16,867.4  	  		  			 	17,415.5  	  		  			 	17,695.3  	  		  			 		
Noninterest earning trading assets	  	3,424.6  	  		  			 	4,080.2  	  		  			 	3,571.8  	  		  			 		
Unrealized gains on securities available for sale, net	  	1,506.5  	  		  			 	1,341.1  	  		  			 	1,371.6  	  		  			 		
	  	 	  		  			 	 	  		  			 	 	  		  			 		
Total assets	  	 $176,480.5  	  		  			 	$178,871.3  	  		  			 	 $177,047.3  	  		  			 		

LIABILITIES AND SHAREHOLDERS’ EQUITY	  		  		  			 		  		  			 		  		  			 		
Interest-bearing deposits:	  		  		  			 		  		  			 		  		  			 		
NOW accounts	  	$22,768.4  	  	$26.2  	  	0.46 	  % 	 	$21,243.5  	  	$26.1  	  	0.50 	  % 	 	$20,095.0  	  	$32.6  	  	0.65 	  % 	 		
Money market accounts	  	31,251.3  	  	85.5  	  	1.10 	  	 	29,316.9  	  	96.3  	  	1.33 	  	 	27,968.7  	  	126.3  	  	1.80 	  	 		
Savings	  	3,662.2  	  	2.4  	  	0.26 	  	 	3,443.1  	  	2.3  	  	0.27 	  	 	3,460.0  	  	2.8  	  	0.32 	  	 		
Consumer time	  	17,366.8  	  	132.6  	  	3.06 	  	 	17,240.2  	  	137.0  	  	3.22 	  	 	17,043.5  	  	141.9  	  	3.31 	  	 		
Other time	  	13,904.7  	  	106.1  	  	3.06 	  	 	13,444.0  	  	107.4  	  	3.24 	  	 	12,716.6  	  	112.0  	  	3.50 	  	 		
	  	 	  	 	  	 	 	 	 	  	 	  	 	 	 	 	  	 	  	 	 	 		
Total interest-bearing consumer and commercial deposits	  	88,953.4  	  	352.8  	  	1.59 	  	 	84,687.7  	  	369.1  	  	1.77 	  	 	81,283.8  	  	415.6  	  	2.03 	  	 		
Brokered deposits	  	6,315.3  	  	46.0  	  	2.88 	  	 	7,004.9  	  	54.6  	  	3.12 	  	 	8,942.3  	  	84.3  	  	3.69 	  	 		
Foreign deposits	  	293.1  	  	0.1  	  	0.12 	  	 	412.4  	  	0.2  	  	0.17 	  	 	3,706.4  	  	4.0  	  	0.42 	  	 		
	  	 	  	 	  	 	 	 	 	  	 	  	 	 	 	 	  	 	  	 	 	 		
Total interest-bearing deposits	  	95,561.8  	  	398.9  	  	1.67 	  	 	92,105.0  	  	423.9  	  	1.87 	  	 	93,932.5  	  	503.9  	  	2.13 	  	 		
Funds purchased	  	2,199.2  	  	1.1  	  	0.20 	  	 	1,533.3  	  	0.9  	  	0.24 	  	 	2,156.1  	  	3.8  	  	0.69 	  	 		
Securities sold under agreements to repurchase	  	2,698.9  	  	1.3  	  	0.20 	  	 	3,245.5  	  	1.8  	  	0.22 	  	 	3,609.4  	  	3.1  	  	0.33 	  	 		
Interest-bearing trading liabilities	  	453.1  	  	4.9  	  	4.35 	  	 	658.6  	  	6.2  	  	3.79 	  	 	585.9  	  	5.7  	  	3.87 	  	 		
Other short-term borrowings	  	2,576.2  	  	3.6  	  	0.56 	  	 	4,967.4  	  	5.1  	  	0.42 	  	 	4,163.5  	  	8.0  	  	0.77 	  	 		
Long-term debt	  	20,049.8  	  	193.8  	  	3.88 	  	 	24,437.7  	  	229.3  	  	3.81 	  	 	24,037.8  	  	284.0  	  	4.70 	  	 		
	  	 	  	 	  	 	 	 	 	  	 	  	 	 	 	 	  	 	  	 	 	 		
Total interest-bearing liabilities	  	123,539.0  	  	603.6  	  	1.96 	  	 	126,947.5  	  	667.2  	  	2.13 	  	 	128,485.2  	  	808.5  	  	2.50 	  	 		
Noninterest-bearing deposits	  	24,574.1  	  		  			 	22,827.2  	  		  			 	20,954.6  	  		  			 		
Other liabilities	  	4,491.6  	  		  			 	4,354.2  	  		  			 	5,124.7  	  		  			 		
Noninterest-bearing trading liabilities	  	1,950.1  	  		  			 	2,374.5  	  		  			 	2,591.8  	  		  			 		
Shareholders’ equity	  	21,925.7  	  		  			 	22,367.9  	  		  			 	19,891.0  	  		  			 		
	  	 	  		  			 	 	  		  			 	 	  		  			 		
Total liabilities and shareholders’ equity	  	$176,480.5  	  		  			 	 $178,871.3  	  		  			 	 $177,047.3  	  		  			 		

	  		  		  	 	 	 		  		  	 	 	 		  		  	 	 	 		
Interest Rate Spread	  		  		  	2.56 	  % 	 		  		  	2.49 	  % 	 		  		  	2.74 	  % 	 		

	  		  	 	  			 		  	 	  			 		  	 	  			 		
Net Interest Income - FTE 1	  		  	 $1,121.1  	  			 		  	 $1,093.0  	  			 		  	 $1,208.7  	  			 		

Net Interest Margin 2	  		  		  	2.94 	  % 	 		  		  	2.87 	  % 	 		  		  	3.14 	  % 	 		

 

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

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

 	  		  			
 	  	Twelve Months Ended	  	Increase/(Decrease) From	 	
	  	 	  	 	 	
 	  	December 31, 2009	 	 	December 31, 2008	  	Prior Year	 	

 	  	  Average  
  Balances  	  	   Interest  
   Income/  
   Expense  	  	 Yields/ 
 Rates 	 	 	  Average  
  Balances  	  	   Interest  
   Income/  
   Expense  	  	 Yields/ 
 Rates 	 	 	 	  	  Average  
  Balances  	  	 Yields/ 
 Rates 	 	
ASSETS	  		  		  			 		  		  			 		  		  			
Loans:	  		  		  			 		  		  			 		  		  			
Real estate 1-4 family	  	$28,770.3  	  	$1,722.5  	  	5.99 	  % 	 	$31,758.9  	  	$2,004.8  	  	6.31 	  % 	 		  	($2,988.6) 	  	(0.32) 	  % 	
Real estate construction	  	5,991.0  	  	198.1  	  	3.31 	  	 	10,828.5  	  	575.8  	  	5.32 	  	 		  	(4,837.5) 	  	(2.01) 	  	
Real estate home equity lines	  	15,685.1  	  	523.3  	  	3.34 	  	 	15,204.9  	  	796.9  	  	5.24 	  	 		  	480.2  	  	(1.90) 	  	
Real estate commercial	  	15,573.4  	  	639.4  	  	4.11 	  	 	13,968.9  	  	789.7  	  	5.65 	  	 		  	1,604.5  	  	(1.54) 	  	
Commercial - FTE 1	  	36,458.0  	  	1,819.6  	  	4.99 	  	 	38,131.9  	  	2,089.6  	  	5.48 	  	 		  	(1,673.9) 	  	(0.49) 	  	
Credit Card	  	984.0  	  	73.5  	  	7.47 	  	 	862.6  	  	34.5  	  	4.00 	  	 		  	121.4  	  	3.47  	  	
Consumer - direct	  	5,101.0  	  	207.1  	  	4.06 	  	 	4,541.8  	  	254.1  	  	5.60 	  	 		  	559.2  	  	(1.54) 	  	
Consumer - indirect	  	6,594.0  	  	418.0  	  	6.34 	  	 	7,262.5  	  	459.8  	  	6.33 	  	 		  	(668.5) 	  	0.01  	  	
Nonaccrual and restructured	  	5,883.8  	  	36.2  	  	    0.62 	  	 	2,872.7  	  	25.4  	  	    0.89 	  	 		  	3,011.1  	  	    (0.27) 	  	
	  	 	  	 	  	 	 	 	 	  	 	  	 	 	 		  	 	  	 	 	
Total loans	  	121,040.6  	  	5,637.7  	  	4.66 	  	 	125,432.7  	  	7,030.6  	  	5.61 	  	 		  	(4,392.1) 	  	(0.95) 	  	
Securities available for sale:	  		  		  			 		  		  			 		  		  			
Taxable	  	18,960.2  	  	790.0  	  	4.17 	  	 	12,219.5  	  	731.0  	  	5.98 	  	 		  	6,740.7  	  	(1.81) 	  	
Tax-exempt - FTE 1	  	1,002.8  	  	54.7  	  	5.46 	  	 	1,038.4  	  	63.1  	  	6.07 	  	 		  	(35.6) 	  	(0.61) 	  	
	  	 	  	 	  	 	 	 	 	  	 	  	 	 	 		  	 	  	 	 	
Total securities available for sale - FTE 1	  	19,963.0  	  	844.7  	  	4.23 	  	 	13,257.9  	  	794.1  	  	5.99 	  	 		  	6,705.1  	  	(1.76) 	  	
Funds sold and securities purchased under agreement to resell	  	793.8  	  	2.2  	  	0.27 	  	 	1,317.7  	  	25.1  	  	1.91 	  	 		  	(523.9) 	  	(1.64) 	  	
Loans held for sale	  	5,228.4  	  	232.8  	  	4.45 	  	 	5,105.6  	  	289.9  	  	5.68 	  	 		  	122.8  	  	(1.23) 	  	
Interest-bearing deposits	  	25.3  	  	0.2  	  	0.91 	  	 	25.6  	  	0.8  	  	3.18 	  	 		  	(0.3) 	  	(2.27) 	  	
Interest earning trading assets	  	3,857.3  	  	115.4  	  	2.99 	  	 	7,609.1  	  	304.4  	  	4.00 	  	 		  	(3,751.8) 	  	(1.01) 	  	
	  	 	  	 	  	 	 	 	 	  	 	  	 	 	 		  	 	  	 	 	
Total earning assets	  	150,908.4  	  	6,833.0  	  	4.53 	  	 	152,748.6  	  	8,444.9  	  	5.53 	  	 		  	(1,840.2) 	  	(1.00) 	  	
Allowance for loan and lease losses	  	(2,705.5) 	  		  			 	(1,815.0) 	  		  			 		  	(890.5)  	  			
Cash and due from banks	  	4,843.6  	  		  			 	3,093.2  	  		  			 		  	1,750.4  	  			
Other assets	  	17,354.9  	  		  			 	17,270.4  	  		  			 		  	84.5  	  			
Noninterest earning trading assets	  	3,429.1  	  		  			 	2,641.6  	  		  			 		  	787.5  	  			
Unrealized gains on securities available for sale, net	  	1,611.9  	  		  			 	1,909.5  	  		  			 		  	(297.6) 	  			
	  	 	  		  			 	 	  		  			 		  	 	  			
Total assets	  	    $175,442.4  	  		  			 	    $175,848.3  	  		  			 		  	($405.9) 	  			

LIABILITIES AND SHAREHOLDERS’ EQUITY	  		  		  			 		  		  			 		  		  			
Interest-bearing deposits:	  		  		  			 		  		  			 		  		  			
NOW accounts	  	$23,600.6  	  	$99.2  	  	0.42 	  % 	 	$21,080.7  	  	$252.9  	  	1.20 	  % 	 		  	$2,519.9  	  	(0.78) 	  % 	
Money market accounts	  	31,863.5  	  	314.8  	  	0.99 	  	 	26,564.8  	  	520.3  	  	1.96 	  	 		  	5,298.7  	  	(0.97) 	  	
Savings	  	3,664.2  	  	10.1  	  	0.27 	  	 	3,770.9  	  	16.3  	  	0.43 	  	 		  	(106.7) 	  	(0.16) 	  	
Consumer time	  	16,718.1  	  	479.0  	  	2.87 	  	 	16,770.2  	  	639.1  	  	3.81 	  	 		  	(52.1) 	  	(0.94) 	  	
Other time	  	13,068.4  	  	382.1  	  	2.92 	  	 	12,197.2  	  	478.6  	  	3.92 	  	 		  	871.2  	  	(1.00) 	  	
	  	 	  	 	  	 	 	 	 	  	 	  	 	 	 		  	 	  	 	 	
Total interest-bearing consumer and commercial deposits	  	88,914.8  	  	1,285.2  	  	1.45 	  	 	80,383.8  	  	1,907.2  	  	2.37 	  	 		  	8,531.0  	  	(0.92) 	  	
Brokered deposits	  	5,648.3  	  	154.2  	  	2.69 	  	 	10,493.2  	  	391.5  	  	3.73 	  	 		  	(4,844.9) 	  	(1.04) 	  	
Foreign deposits	  	433.9  	  	0.5  	  	0.12 	  	 	4,250.3  	  	78.8  	  	1.85 	  	 		  	(3,816.4) 	  	(1.73) 	  	
	  	 	  	 	  	 	 	 	 	  	 	  	 	 	 		  	 	  	 	 	
Total interest-bearing deposits	  	94,997.0  	  	1,439.9  	  	1.52 	  	 	95,127.3  	  	2,377.5  	  	2.50 	  	 		  	(130.3) 	  	(0.98) 	  	
Funds purchased	  	1,669.6  	  	3.3  	  	0.19 	  	 	2,622.0  	  	51.5  	  	1.96 	  	 		  	(952.4) 	  	(1.77) 	  	
Securities sold under agreements to repurchase	  	2,483.4  	  	4.5  	  	0.18 	  	 	4,961.0  	  	79.1  	  	1.59 	  	 		  	(2,477.6) 	  	(1.41) 	  	
Interest-bearing trading liabilities	  	487.8  	  	20.2  	  	4.14 	  	 	785.7  	  	27.1  	  	3.46 	  	 		  	(297.9) 	  	0.68  	  	
Other short-term borrowings	  	2,703.6  	  	14.7  	  	0.54 	  	 	3,057.2  	  	55.1  	  	1.80 	  	 		  	(353.6) 	  	(1.26) 	  	
Long-term debt	  	20,118.7  	  	761.4  	  	3.78 	  	 	22,892.9  	  	1,117.4  	  	4.88 	  	 		  	(2,774.2) 	  	(1.10) 	  	
	  	 	  	 	  	 	 	 	 	  	 	  	 	 	 		  	 	  	 	 	
Total interest-bearing liabilities	  	122,460.1  	  	2,244.0  	  	1.83 	  	 	129,446.1  	  	3,707.7  	  	2.86 	  	 		  	(6,986.0) 	  	(1.03) 	  	
Noninterest-bearing deposits	  	24,249.2  	  		  			 	20,949.0  	  		  			 		  	3,300.2  	  			
Other liabilities	  	4,387.2  	  		  			 	5,061.4  	  		  			 		  	(674.2) 	  			
Noninterest-bearing trading liabilities	  	2,059.8  	  		  			 	1,795.6  	  		  			 		  	264.2  	  			
Shareholders’ equity	  	22,286.1  	  		  			 	18,596.2  	  		  			 		  	3,689.9  	  			
	  	 	  		  			 	 	  		  			 		  	 	  			
Total liabilities and shareholders’ equity	  	$175,442.4  	  		  			 	$175,848.3  	  		  			 		  	($405.9) 	  			

	  		  		  	 	 	 		  		  	 	 	 		  		  	 	 	
Interest Rate Spread	  		  		  	2.70 	  % 	 		  		  	2.67 	  % 	 		  		  	0.03  	  % 	

	  		  	 	  			 		  	 	  			 		  		  			
Net Interest Income - FTE 1	  		  	    $4,589.0  	  			 		  	    $4,737.2  	  			 		  		  			

Net Interest Margin 2	  		  		  	3.04 	  % 	 		  		  	3.10 	  % 	 		  		  	(0.06) 	  % 	

 

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

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

																									
 	 	Three Months Ended	 	 	Twelve Months Ended	 	
 	 	December 31	 	 	    Increase/(Decrease)    	 	 	December 31	 	 	      Increase/(Decrease)    	 	
 	 	2009	 	 	2008	 	 	Amount	 	 	% 1	 	 	2009	 	 	2008	 	 	Amount	 	 	% 1	 	
CREDIT DATA	 			 			 			 			 			 			 			 			
Allowance for credit losses - beginning	 	    $3,081,700  	  	 	$1,965,793  	  	 	$1,115,907  	  	 	56.8  	% 	 	    $2,378,507  	  	 	    $1,290,205  	  	 	$1,088,302  	  	 	84.4  	% 	
Provision for loan losses	 	916,506  	  	 	962,494  	  	 	(45,988) 	  	 	(4.8) 	  	 	4,006,714  	  	 	2,474,215  	  	 	1,532,499  	  	 	61.9  	  	
Provision for unfunded commitments 4	 	57,200  	  	 	2,718  	  	 	54,482  	  	 	NM 	  	 	87,389  	  	 	19,810  	  	 	67,579  	  	 	NM 	  	
Allowance from GB&T acquisition	 	-    	  	 	-    	  	 	-    	  	 	-      	  	 	-    	  	 	158,705  	  	 	(158,705) 	  	 	(100.0) 	  	
Charge-offs	 			 			 			 			 			 			 			 			
Commercial	 	(110,632) 	  	 	(89,675) 	  	 	20,957  	  	 	23.4  	  	 	(612,761) 	  	 	(218,727) 	  	 	394,034  	  	 	NM 	  	
Real estate:	 			 			 			 			 			 			 			 			
Home equity lines	 	(167,679) 	  	 	(136,949) 	  	 	30,730  	  	 	22.4  	  	 	(714,868) 	  	 	(449,570) 	  	 	265,298  	  	 	59.0  	  	
Construction	 	(180,384) 	  	 	(84,194) 	  	 	96,190  	  	 	NM 	  	 	(506,981) 	  	 	(194,494) 	  	 	312,487  	  	 	NM 	  	
Residential mortgages 2	 	(335,836) 	  	 	(156,397) 	  	 	179,439  	  	 	NM 	  	 	(1,235,741) 	  	 	(525,148) 	  	 	710,593  	  	 	NM 	  	
Commercial real estate	 	(2,654) 	  	 	(23,548) 	  	 	(20,894) 	  	 	(88.7) 	  	 	(31,597) 	  	 	(24,744) 	  	 	6,853  	  	 	27.7  	  	
Consumer:	 			 			 			 			 			 			 			 			
Direct	 	(14,501) 	  	 	(13,295) 	  	 	1,206  	  	 	9.1  	  	 	(56,889) 	  	 	(41,868) 	  	 	15,021  	  	 	35.9  	  	
Indirect	 	(35,076) 	  	 	(65,666) 	  	 	(30,590) 	  	 	(46.6) 	  	 	(152,441) 	  	 	(192,905) 	  	 	(40,464) 	  	 	(21.0) 	  	
Credit cards	 	(22,183) 	  	 	(12,843) 	  	 	9,340  	  	 	72.7  	  	 	(86,035) 	  	 	(33,096) 	  	 	52,939  	  	 	NM 	  	
	 	 	 	 	 	 	 			 			 	 	 	 	 	 	 			 			
Total charge-offs	 	(868,945) 	  	 	(582,567) 	  	 	286,378  	  	 	49.2  	  	 	(3,397,313) 	  	 	(1,680,552) 	  	 	1,716,761  	  	 	NM 	  	
	 	 	 	 	 	 	 			 			 	 	 	 	 	 	 			 			
Recoveries	 			 			 			 			 			 			 			 			
Commercial	 	15,173  	  	 	6,724  	  	 	8,449  	  	 	NM 	  	 	40,395  	  	 	24,139  	  	 	16,256  	  	 	67.3  	  	
Real estate:	 			 			 			 			 			 			 			 			
Home equity lines	 	12,731  	  	 	4,480  	  	 	8,251  	  	 	NM 	  	 	30,196  	  	 	16,401  	  	 	13,795  	  	 	84.1  	  	
Construction	 	1,339  	  	 	802  	  	 	537  	  	 	67.0  	  	 	7,566  	  	 	2,848  	  	 	4,718  	  	 	NM 	  	
Residential mortgages	 	5,881  	  	 	2,816  	  	 	3,065  	  	 	NM 	  	 	17,840  	  	 	7,766  	  	 	10,074  	  	 	NM 	  	
Commercial real estate	 	383  	  	 	700  	  	 	(317) 	  	 	(45.3) 	  	 	3,821  	  	 	1,154  	  	 	2,667  	  	 	NM 	  	
Consumer:	 			 			 			 			 			 			 			 			
Direct	 	2,279  	  	 	1,964  	  	 	315  	  	 	16.0  	  	 	8,149  	  	 	8,164  	  	 	(15) 	  	 	(0.2) 	  	
Indirect	 	9,831  	  	 	12,102  	  	 	(2,271) 	  	 	(18.8) 	  	 	49,047  	  	 	54,163  	  	 	(5,116) 	  	 	(9.4) 	  	
Credit cards	 	822  	  	 	481  	  	 	341  	  	 	70.9  	  	 	2,589  	  	 	1,489  	  	 	1,100  	  	 	73.9  	  	
	 	 	 	 	 	 	 			 			 	 	 	 	 	 	 			 			
Total recoveries	 	48,439  	  	 	30,069  	  	 	18,370  	  	 	61.1  	  	 	159,603  	  	 	116,124  	  	 	43,479  	  	 	37.4  	  	
	 	 	 	 	 	 	 			 			 	 	 	 	 	 	 			 			
Net charge-offs	 	(820,506) 	  	 	(552,498) 	  	 	268,008  	  	 	48.5  	  	 	(3,237,710) 	  	 	(1,564,428) 	  	 	1,673,282  	  	 	NM 	  	
	 	 	 	 	 	 	 			 			 	 	 	 	 	 	 			 			
Allowance for credit losses - ending	 	$3,234,900  	  	 	  $2,378,507  	  	 	$856,393  	  	 	36.0  	  	 	$3,234,900  	  	 	$2,378,507  	  	 	$856,393  	  	 	36.0  	  	

Components:	 			 			 			 			 			 			 			 			
Allowance for loan and lease losses	 	$3,120,000  	  	 	$2,350,996  	  	 	$769,004  	  	 	32.7  	% 	 			 			 			 			
Unfunded commitments reserve	 	114,900  	  	 	27,511  	  	 	87,389  	  	 	NM 	  	 			 			 			 			
	 	 	 	 	 	 	 			 			 			 			 			 			
Allowance for credit losses	 	$3,234,900  	  	 	$2,378,507  	  	 			 			 			 			 			 			
	 	 	 	 	 	 	 			 			 			 			 			 			
Net charge-offs to average loans (annualized)	 			 			 			 			 			 			 			 			
Commercial	 	1.14  	% 	 	0.81  	% 	 	0.33  	% 	 	40.8  	% 	 	1.55  	% 	 	0.51  	% 	 	1.04  	% 	 	NM  	% 	
Real estate:	 			 			 			 			 			 			 			 			
Home equity lines	 	3.91  	  	 	3.33  	  	 	0.58  	  	 	17.3  	  	 	4.29  	  	 	2.85  	  	 	1.44  	  	 	50.5  	  	
Construction	 	11.38  	  	 	3.29  	  	 	8.09  	  	 	NM 	  	 	6.76  	  	 	1.63  	  	 	5.13  	  	 	NM 	  	
Residential mortgages	 	4.35  	  	 	1.86  	  	 	2.49  	  	 	NM 	  	 	3.89  	  	 	1.56  	  	 	2.33  	  	 	NM 	  	
Commercial real estate	 	0.06  	  	 	0.61  	  	 	(0.55) 	  	 	(90.2) 	  	 	0.17  	  	 	0.17  	  	 	-    	  	 	-      	  	
Consumer:	 			 			 			 			 			 			 			 			
Direct	 	0.96  	  	 	0.90  	  	 	0.06  	  	 	6.7  	  	 	0.96  	  	 	0.74  	  	 	0.22  	  	 	29.7  	  	
Indirect	 	1.50  	  	 	3.12  	  	 	(1.62) 	  	 	(51.9) 	  	 	1.56  	  	 	1.91  	  	 	(0.35) 	  	 	(18.3) 	  	
Credit cards	 	8.51  	  	 	4.92  	  	 	3.59  	  	 	73.0  	  	 	8.48  	  	 	3.66  	  	 	4.82  	  	 	NM 	  	
Total net charge-offs to total average loans	 	2.83  	  	 	1.72  	  	 	1.11  	  	 	64.5  	  	 	2.67  	  	 	1.25  	  	 	1.42  	  	 	NM 	  	
									
Period Ended 	 			 			 			 			 			 			 			 			
Nonaccrual/nonperforming loans	 			 			 			 			 			 			 			 			
Commercial	 	$484,024  	  	 	$321,980  	  	 	$162,044  	  	 	50.3  	% 	 			 			 			 			
Real estate:	 			 			 			 			 			 			 			 			
Home equity lines	 	289,019  	  	 	272,577  	  	 	16,442  	  	 	6.0  	  	 			 			 			 			
Construction	 	1,484,582  	  	 	1,276,847  	  	 	207,735  	  	 	16.3  	  	 			 			 			 			
Residential mortgages	 	2,715,855  	  	 	1,846,999  	  	 	868,856  	  	 	47.0  	  	 			 			 			 			
Commercial real estate	 	391,806  	  	 	176,578  	  	 	215,228  	  	 	NM 	  	 			 			 			 			
Consumer loans	 	37,331  	  	 	45,045  	  	 	(7,714) 	  	 	(17.1) 	  	 			 			 			 			
	 	 	 	 	 	 	 			 			 			 			 			 			
Total nonaccrual/nonperforming loans	 	5,402,617  	  	 	3,940,026  	  	 	1,462,591  	  	 	37.1  	  	 			 			 			 			
Other real estate owned (OREO)	 	619,621  	  	 	500,481  	  	 	119,140  	  	 	23.8  	  	 			 			 			 			
Other repossessed assets	 	79,104  	  	 	15,866  	  	 	63,238  	  	 	NM 	  	 			 			 			 			
	 	 	 	 	 	 	 			 			 			 			 			 			
Total nonperforming assets	 	$6,101,342  	  	 	$4,456,373  	  	 	$1,644,969  	  	 	36.9  	  	 			 			 			 			

Restructured loans (accruing)	 	$1,640,888  	  	 	$462,648  	  	 	$1,178,240  	  	 	NM 	  	 			 			 			 			
	 	 	 	 	 	 	 			 			 			 			 			 			
Total accruing loans past due 90 days or more 3	 	$1,499,917  	  	 	$1,032,260  	  	 	$467,657  	  	 	45.3  	% 	 			 			 			 			

Total nonperforming loans to total loans	 	4.75  	% 	 	3.10  	% 	 	1.65  	% 	 	53.2  	% 	 			 			 			 			
Total nonperforming assets to total loans plus OREO and other repossessed assets	 	5.33  	  	 	3.49  	  	 	1.84  	  	 	52.7  	  	 			 			 			 			
Allowance to period-end loans	 	2.76  	  	 	1.86  	  	 	0.90  	  	 	48.4  	  	 			 			 			 			
Allowance to nonperforming loans	 	58.86  	  	 	61.67  	  	 	(2.81) 	  	 	(4.6) 	  	 			 			 			 			
Allowance to annualized net charge-offs	 	0.96  	x 	 	1.07  	x 	 	(0.11) 	x 	 	(10.3) 	  	 			 			 			 			
 
1 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.
2 Prior to 2009, borrower misrepresentation fraud and denied insurance claim losses were recorded as operating losses in the Consolidated Statements of Income/(Loss). These credit-related operating losses totaled $42.5 million and $160.3 million during the three and twelve month periods ended December 31, 2008, respectively. During 2009, credit-related operating losses charged-off against previously established reserves within other liabilities totaled $0 and $194.9 million during the three and twelve month periods ended December 31, 2009, respectively.
3 Total accruing loans past due 90 days or more contain loans that are guaranteed by governmental entities. These loans were $1.3 billion, and $823.0 million at December 31, 2009 and December 31, 2008, respectively.
4 Beginning in the fourth quarter of 2009, SunTrust began recording the provision for unfunded commitments within the provision for credit losses in the Consolidated Statements of Income/(Loss). Including the provision for unfunded commitments for the fourth quarter of 2009, the provision for credit losses was $1.0 billion and $4.1 billion for the three and twelve months ended December 31, 2009, respectively. Considering the immateriality of this provision, prior to the fourth quarter of 2009, the provision for unfunded commitments remains classified within other noninterest expense in the Consolidated Statements of Income/(Loss).
 
Page 10

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

																						
 	  	Three Months Ended	 	
 	  	December 31
2009	 	 	September 30
2009	 	 	Increase/(Decrease)	 	 	June 30
2009	 	 	March 31
2009	 	 	December 31
2008	 	
	  			 			 	    Amount    	 	 	    % 1     	 	 			 			 			
CREDIT DATA	  			 			 			 			 			 			 			
Allowance for credit losses - beginning	  	$3,081,700  	  	 	$2,924,600  	  	 	$157,100  	  	 	5.4  	  % 	 	$2,765,173  	  	 	$2,378,507  	  	 	$1,965,793  	  	
Provision for loan losses	  	916,506  	  	 	1,133,929  	  	 	(217,423) 	  	 	(19.2) 	  	 	962,181  	  	 	994,098  	  	 	962,494  	  	
Provision for unfunded commitments 4	  	57,200  	  	 	29,100  	  	 	28,100  	  	 	96.6  	  	 	(1,573) 	  	 	2,662  	  	 	2,718  	  	
Charge-offs	  			 			 			 			 			 			 			
Commercial	  	(110,632) 	  	 	(205,164) 	  	 	(94,532) 	  	 	(46.1) 	  	 	(156,013) 	  	 	(140,952) 	  	 	(89,675) 	  	
Real estate:	  			 			 			 			 			 			 			
Home equity lines	  	(167,679) 	  	 	(189,230) 	  	 	(21,551) 	  	 	(11.4) 	  	 	(197,099) 	  	 	(160,860) 	  	 	(136,949) 	  	
Construction	  	(180,384) 	  	 	(158,386) 	  	 	21,998  	  	 	13.9  	  	 	(85,830) 	  	 	(82,381) 	  	 	(84,194) 	  	
Residential mortgages 2	  	(335,836) 	  	 	(389,640) 	  	 	(53,804) 	  	 	(13.8) 	  	 	(325,144) 	  	 	(185,121) 	  	 	(156,397) 	  	
Commercial real estate	  	(2,654) 	  	 	(24,298) 	  	 	(21,644) 	  	 	(89.1) 	  	 	(2,560) 	  	 	(2,085) 	  	 	(23,548) 	  	
Consumer:	  			 			 			 			 			 			 			
Direct	  	(14,501) 	  	 	(19,955) 	  	 	(5,454) 	  	 	(27.3) 	  	 	(13,378) 	  	 	(9,055) 	  	 	(13,295) 	  	
Indirect	  	(35,076) 	  	 	(35,131) 	  	 	(55) 	  	 	(0.2) 	  	 	(32,900) 	  	 	(49,334) 	  	 	(65,666) 	  	
Credit cards	  	(22,183) 	  	 	(24,090) 	  	 	(1,907) 	  	 	(7.9) 	  	 	(22,634) 	  	 	(17,128) 	  	 	(12,843) 	  	
	  	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	
Total charge-offs	  	(868,945) 	  	 	(1,045,894) 	  	 	(176,949) 	  	 	(16.9) 	  	 	(835,558) 	  	 	(646,916) 	  	 	(582,567) 	  	
	  	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	
Recoveries	  			 			 			 			 			 			 			
Commercial	  	15,173  	  	 	9,589  	  	 	5,584  	  	 	58.2  	  	 	6,451  	  	 	9,182  	  	 	6,724  	  	
Real estate:	  			 			 			 			 			 			 			
Home equity lines	  	12,731  	  	 	8,639  	  	 	4,092  	  	 	47.4  	  	 	5,014  	  	 	3,812  	  	 	4,480  	  	
Construction	  	1,339  	  	 	1,761  	  	 	(422) 	  	 	(24.0) 	  	 	3,283  	  	 	1,183  	  	 	802  	  	
Residential mortgages	  	5,881  	  	 	3,955  	  	 	1,926  	  	 	48.7  	  	 	4,705  	  	 	3,299  	  	 	2,816  	  	
Commercial real estate	  	383  	  	 	3,462  	  	 	(3,079) 	  	 	(88.9) 	  	 	(165) 	  	 	141  	  	 	700  	  	
Consumer:	  			 			 			 			 			 			 			
Direct	  	2,279  	  	 	2,003  	  	 	276  	  	 	13.8  	  	 	1,737  	  	 	2,130  	  	 	1,964  	  	
Indirect	  	9,831  	  	 	9,890  	  	 	(59) 	  	 	(0.6) 	  	 	12,736  	  	 	16,590  	  	 	12,102  	  	
Credit cards	  	822  	  	 	666  	  	 	156  	  	 	23.4  	  	 	616  	  	 	485  	  	 	481  	  	
	  	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	
Total recoveries	  	48,439  	  	 	39,965  	  	 	8,474  	  	 	21.2  	  	 	34,377  	  	 	36,822  	  	 	30,069  	  	
	  	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	
Net charge-offs	  	(820,506) 	  	 	(1,005,929) 	  	 	(185,423) 	  	 	(18.4) 	  	 	(801,181) 	  	 	(610,094) 	  	 	(552,498) 	  	
	  	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	
Allowance for credit losses - ending	  	$3,234,900  	  	 	$3,081,700  	  	 	$153,200  	  	 	5.0  	  	 	$2,924,600  	  	 	$2,765,173  	  	 	$2,378,507  	  	
	  	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	
Components:	  			 			 			 			 			 			 			
Allowance for loan and lease losses	  	$3,120,000  	  	 	$3,024,000  	  	 	$96,000  	  	 	3.2  	  % 	 	$2,896,000  	  	 	$2,735,000  	  	 	$2,350,996  	  	
Unfunded commitments reserve	  	114,900  	  	 	57,700  	  	 	57,200  	  	 	99.1  	  	 	28,600  	  	 	30,173  	  	 	27,511  	  	
	  	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	
Allowance for credit losses	  	$3,234,900  	  	 	$3,081,700  	  	 			 			 	$2,924,600  	  	 	$2,765,173  	  	 	$2,378,507  	  	
	  	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	
Net charge-offs to average loans (annualized)	  			 			 			 			 			 			 			
Commercial	  	1.14  	  % 	 	2.15  	  % 	 	(1.01) 	  % 	 	(47.0)	   % 	 	1.53  	  % 	 	1.35  	  % 	 	0.81  	  % 	
Real estate:	  			 			 			 			 			 			 			
Home equity lines	  	3.91  	  	 	4.51  	  	 	(0.60) 	  	 	(13.3) 	  	 	4.79  	  	 	4.00  	  	 	3.33  	  	
Construction	  	11.38  	  	 	8.83  	  	 	2.55  	  	 	28.9  	  	 	4.20  	  	 	3.76  	  	 	3.29  	  	
Residential mortgages	  	4.35  	  	 	4.92  	  	 	(0.57) 	  	 	(11.6) 	  	 	4.06  	  	 	2.28  	  	 	1.86  	  	
Commercial real estate	  	0.06  	  	 	0.51  	  	 	(0.45) 	  	 	(88.2) 	  	 	0.07  	  	 	0.05  	  	 	0.61  	  	
Consumer:	  			 			 			 			 			 			 			
Direct	  	0.96  	  	 	1.41  	  	 	(0.45) 	  	 	(31.9) 	  	 	0.91  	  	 	0.54  	  	 	0.90  	  	
Indirect	  	1.50  	  	 	1.50  	  	 	-      	  	 	-      	  	 	1.24  	  	 	2.00  	  	 	3.12  	  	
Credit cards	  	8.51  	  	 	9.39  	  	 	(0.88) 	  	 	(9.4) 	  	 	9.03  	  	 	6.94  	  	 	4.92  	  	
Total net charge-offs to total average loans	  	2.83  	  	 	3.33  	  	 	(0.50) 	  	 	(15.0) 	  	 	2.59  	  	 	1.97  	  	 	1.72  	  	
Period Ended	  			 			 			 			 			 			 			
Nonaccrual/nonperforming loans	  			 			 			 			 			 			 			
Commercial	  	$484,024  	  	 	$595,454  	  	 	($111,430) 	  	 	(18.7)	   % 	 	$716,427  	  	 	$400,076  	  	 	$321,980  	  	
Real estate:	  			 			 			 			 			 			 			
Home equity lines	  	289,019  	  	 	280,072  	  	 	8,947  	  	 	3.2  	  	 	311,247  	  	 	323,226  	  	 	272,577  	  	
Construction	  	1,484,582  	  	 	1,582,148  	  	 	(97,566) 	  	 	(6.2) 	  	 	1,613,186  	  	 	1,468,108  	  	 	1,276,847  	  	
Residential mortgages	  	2,715,855  	  	 	2,645,512  	  	 	70,343  	  	 	2.7  	  	 	2,529,163  	  	 	2,177,946  	  	 	1,846,999  	  	
Commercial real estate	  	391,806  	  	 	302,515  	  	 	89,291  	  	 	29.5  	  	 	284,514  	  	 	221,790  	  	 	176,578  	  	
Consumer loans	  	37,331  	  	 	38,610  	  	 	(1,279) 	  	 	(3.3) 	  	 	49,422  	  	 	49,842  	  	 	45,045  	  	
	  	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	
Total nonaccrual/nonperforming loans	  	5,402,617  	  	 	5,444,311  	  	 	(41,694) 	  	 	(0.8) 	  	 	5,503,959  	  	 	4,640,988  	  	 	3,940,026  	  	
Other real estate owned (OREO)	  	619,621  	  	 	571,553  	  	 	48,068  	  	 	8.4  	  	 	588,922  	  	 	593,579  	  	 	500,481  	  	
Other repossessed assets	  	79,104  	  	 	78,911  	  	 	193  	  	 	0.2  	  	 	72,149  	  	 	11,807  	  	 	15,866  	  	
	  	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	
Total nonperforming assets	  	$6,101,342  	  	 	$6,094,775  	  	 	$6,567  	  	 	0.1  	  	 	$6,165,030  	  	 	$5,246,374  	  	 	$4,456,373  	  	

Restructured loans (accruing)	  	$1,640,888  	  	 	$1,343,643  	  	 	$297,245  	  	 	22.1  	  % 	 	$925,045  	  	 	$651,068  	  	 	$462,648  	  	
	  	 	 	 	 	 	 			 			 	 	 	 	 	 	 	 	 	
Total accruing loans past due 90 days or more 3	  	    $1,499,917  	  	 	    $1,508,744  	  	 	($8,827) 	  	 	(0.6) 	  % 	 	    $1,410,647  	  	 	    $1,341,567  	  	 	    $1,032,260  	  	

Total nonperforming loans to total loans	  	4.75  	  % 	 	4.67  	  % 	 	0.08  	  % 	 	1.7  	  % 	 	4.48  	  % 	 	3.75  	  % 	 	3.10  	  % 	
Total nonperforming assets to total loans plus OREO and other repossessed assets	  	5.33  	  	 	5.20  	  	 	0.13  	  	 	2.5  	  	 	4.99  	  	 	4.21  	  	 	3.49  	  	
Allowance to period-end loans	  	2.76  	  	 	2.61  	  	 	0.15  	  	 	5.7  	  	 	2.37  	  	 	2.21  	  	 	1.86  	  	
Allowance to nonperforming loans	  	58.86  	  	 	56.67  	  	 	2.19  	  	 	3.9  	  	 	53.81  	  	 	60.38  	  	 	61.67  	  	
Allowance to annualized net charge-offs	  	0.96  	  x 	 	0.76  	  x 	 	0.20  	  x 	 	26.3  	  	 	0.90  	  x 	 	1.11  	  x 	 	1.07  	  x 	
 
1 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.
2 Prior to 2009, borrower misrepresentation fraud and denied insurance claim losses were recorded as operating losses in the Consolidated Statements of Income/(Loss). These credit-related operating losses totaled $42.5 million during the quarter ended December 31, 2008. During 2009, credit-related operating losses charged-off against previously established reserves within other liabilities totaled $42.8 million and $152.1 million during the three month periods ended June 30, 2009 and March 31, 2009, respectively. 
3 Total accruing loans past due 90 days or more contain loans that are guaranteed by governmental entities. These loans were $1.3 billion, $1.2 billion, $1.1 billion, $1.0 billion, and $823.0 million at December 31, 2009, September 30, 2009, June 30, 2009, March 31, 2009, and December 31, 2008, respectively.
4 Beginning in the fourth quarter of 2009, SunTrust began recording the provision for unfunded commitments within the provison for credit losses in the Consolidated Statements of Income/(Loss). Including the provision for unfunded commitments for the fourth quarter of 2009, the provision for credit losses was $1.0 billion for the three months ended December 31, 2009. Considering the immateriality of this provision, prior to the fourth quarter of 2009, the provision for unfunded commitments remains classified within other noninterest expense in the Consolidated Statements of Income/(Loss).
 
Page 11

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

																					
 	 	Three Months Ended	 	Twelve Months Ended	
 	 	December 31	 	December 31	
 	 	Core Deposit
Intangible	 	Mortgage
Servicing Rights-
Amortized Cost	 	Mortgage
Servicing Rights-
Fair Value	 	Other	 	Total	 	Core Deposit
Intangible	 	Mortgage
Servicing
Rights-
Amortized
Cost	 	Mortgage
Servicing
Rights-
Fair Value	 	Other	 	Total	
OTHER INTANGIBLE ASSET ROLLFORWARD	 		 		 		 		 		 		 		 		 		 		
Balance, beginning of period	 	$158,404  	 	$1,150,013  	 	$ -    	 	$81,548  	 	$1,389,965  	 	$172,655  	 	$1,049,425  	 	$ -  	 	$140,915  	 	$1,362,995  	
Amortization	 	(13,093) 	 	(58,546) 	 	-  	 	(4,166) 	 	(75,805) 	 	(56,854) 	 	(223,092) 	 	-  	 	(19,406) 	 	(299,352) 	
Mortgage Servicing Rights (“MSRs”) originated	 	-  	 	89,007  	 	-  	 	-  	 	89,007  	 	-  	 	485,597  	 	-  	 	-  	 	485,597  	
MSRs impairment reserve	 	-  	 	(370,000) 	 	-  	 	-  	 	(370,000) 	 	-  	 	(371,881) 	 	-  	 	-  	 	(371,881) 	
MSRs impairment recovery	 	-  	 	-  	 	-  	 	-  	 	-  	 	-  	 	1,881  	 	-  	 	-  	 	1,881  	
Sale of interest in Lighthouse Partners	 	-  	 	-  	 	-  	 	-  	 	-  	 	-  	 	-  	 	-  	 	(5,992) 	 	(5,992) 	
Sale/securitization of MSRs	 	-  	 	-  	 	-  	 	-  	 	-  	 	-  	 	(131,456) 	 	-  	 	-  	 	(131,456) 	
Customer intangible impairment charge	 	-  	 	-  	 	-  	 	-  	 	-  	 	-  	 	-  	 	-  	 	(45,000) 	 	(45,000) 	
Purchased credit card relationships	 	-  	 	-  	 	-  	 	-  	 	-  	 	-  	 	-  	 	-  	 	9,898  	 	9,898  	
Acquisition of GB&T	 	-  	 	-  	 	-  	 	-  	 	-  	 	29,510  	 	-  	 	-  	 	-  	 	29,510  	
Sale of First Mercantile	 	-  	 	-  	 	-  	 	-  	 	-  	 	-  	 	-  	 	-  	 	(3,033) 	 	(3,033) 	
Other	 	-  	 	-  	 	-  	 	2,260  	 	2,260  	 	-  	 	-  	 	-  	 	2,260  	 	2,260  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Balance December 31, 2008	 	$145,311  	 	$810,474  	 	$ -    	 	$79,642  	 	$1,035,427  	 	$145,311  	 	$810,474  	 	$ -  	 	$79,642  	 	$1,035,427  	

Balance, beginning of period	 	$112,950  	 	$639,474  	 	$783,242  	 	$68,470  	 	$1,604,136  	 	$145,311  	 	$810,474  	 	$ -  	 	$79,642  	 	$1,035,427  	
Designated at fair value (transfers from amortized cost)	 	-  	 	-  	 	-  	 	-  	 	-  	 	-  	 	(187,804) 	 	187,804  	 	-  	 	-  	
Amortization	 	(8,710) 	 	(46,113) 	 	-  	 	(3,413) 	 	(58,236) 	 	(41,071) 	 	(218,008) 	 	-  	 	(14,736) 	 	(273,815) 	
MSRs originated	 	-  	 	-  	 	96,297  	 	-  	 	96,297  	 	-  	 	-  	 	681,813  	 	-  	 	681,813  	
MSRs impairment recovery	 	-  	 	10,460	 	-  	 	-  	 	10,460  	 	-  	 	199,159  	 	-  	 	-  	 	199,159  	
Fair value changes due to inputs and assumptions	 	-  	 	-  	 	90,491  	 	-  	 	90,491  	 	-  	 	-  	 	160,639  	 	-  	 	160,639  	
Other changes in fair value	 	-  	 	-  	 	(34,469) 	 	-  	 	(34,469) 	 	-  	 	-  	 	(94,695) 	 	-  	 	(94,695) 	
Other	 	-  	 	-  	 	-  	 	2,620  	 	2,620  	 	-  	 	-  	 	-  	 	2,771  	 	2,771  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Balance,
December 31, 2009	 	$104,240  	 	$603,821  	 	$935,561  	 	    $67,677  	 	    $1,711,299  	 	$104,240  	 	$603,821  	 	$935,561  	 	$67,677  	 	    $1,711,299  	

			
 	 	Three Months Ended	 	 	
 	 	December 31
2009	 	September
30 2009	 	June 30
2009	 	March 31
2009	 	December 31
2008	 		
COMMON SHARE ROLLFORWARD	 		 		 		 		 		 		
Beginning balance	 	499,147  	 	498,786  	 	356,693  	 	354,515  	 	353,963  	 		
Common shares issued/exchanged for employee benefit plans, stock option,
performance and restricted stock activity	 	10  	 	361  	 	226  	 	2,178  	 	552  	 		
Issuance of common stock - Capital Plan	 	-  	 	-  	 	141,867  	 	-  	 	-  	 		
	 	 	 	 	 	 	 	 	 	 	 		
Ending balance	 	499,157  	 	499,147  	 	498,786  	 	    356,693  	 	354,515  	 		
	 	 	 	 	 	 	 	 	 	 	 		
COMMON STOCK REPURCHASE ACTIVITY	 		 		 		 		 		 		
Number of common shares repurchased 1	 	-  	 	-  	 	-  	 	-  	 	-  	 		
Average price per share of repurchased common shares	 	$ -  	 	$ -  	 	$ -  	 	$ -  	 	$ -  	 		
Maximum number of common shares that may yet be purchased
under repurchase plans or programs	 	30,000  	 	30,000  	 	30,000  	 	30,000  	 	30,000  	 		

1 This figure includes shares repurchased pursuant to SunTrust’s employee stock option plans, pursuant to which participants may pay the exercise price upon exercise of SunTrust stock options by surrendering shares of SunTrust common stock which the participant already owns.
 
Page 12

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

																						
 	 	Three Months Ended	 	 	Twelve Months Ended	 	
 	 	December 31
2009	 	 	September 30
2009	 	 	June 30
2009	 	 	March 31
2009	 	 	December 31
2008	 	 	December 31
2009	 	 	December 31
2008	 	
NON-GAAP MEASURES
PRESENTED IN THE
EARNINGS RELEASE  	 			 			 			 			 			 			 			
Net income/(loss)	 	($248,115) 	  	 	($316,941) 	  	 	($183,460) 	  	 	($815,167) 	  	 	($347,587) 	  	 	($1,563,683) 	  	 	$795,774  	  	
Securities (gains)/losses, net of tax	 	(45,166) 	  	 	(28,949) 	  	 	15,437  	  	 	(2,094) 	  	 	(254,853) 	  	 	(60,772) 	  	 	(665,446) 	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net income/(loss) excluding net securities (gains)/losses, net of tax	 	(293,281) 	  	 	(345,890) 	  	 	(168,023) 	  	 	(817,261) 	  	 	(602,440) 	  	 	(1,624,455) 	  	 	130,328  	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
The Coca-Cola Company stock dividend, net of tax	 	(10,947) 	  	 	(10,947) 	  	 	(10,947) 	  	 	(10,947) 	  	 	(10,146) 	  	 	(43,788) 	  	 	(49,769) 	  	
Net income/(loss) excluding net securities (gains)/losses and The Coca-Cola Company stock dividend, net of tax	 	(304,228) 	  	 	(356,837) 	  	 	(178,970) 	  	 	(828,208) 	  	 	(612,586) 	  	 	(1,668,243) 	  	 	80,559  	  	
Preferred dividends, Series A	 	(1,745) 	  	 	(1,763) 	  	 	(5,635) 	  	 	(5,000) 	  	 	(5,055) 	  	 	(14,143) 	  	 	(22,255) 	  	
U.S. Treasury preferred dividends and accretion of discount	 	(66,522) 	  	 	(66,439) 	  	 	(66,546) 	  	 	(66,279) 	  	 	(26,579) 	  	 	(265,786) 	  	 	(26,579) 	  	
Dividends and undistributed earnings allocated to unvested shares	 	(42) 	  	 	3,106  	  	 	1,788  	  	 	11,065  	  	 	4,283  	  	 	15,917  	  	 	(5,958) 	  	
Gain on purchase of Series A preferred stock	 	-  	  	 	4,893  	  	 	89,425  	  	 	-  	  	 	-  	  	 	94,318  	  	 	-  	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net income/(loss) available to common shareholders excluding net securities (gains)/losses and The Coca-Cola Company stock dividend	 	($372,537) 	  	 	($417,040) 	  	 	($159,938) 	  	 	($888,422) 	  	 	($639,937) 	  	 	($1,837,937) 	  	 	$25,767  	  	

Total average assets	 	$174,040,539  	  	 	$172,463,221  	  	 	$176,480,470  	  	 	$178,871,285  	  	 	$177,047,258  	  	 	$175,442,423  	  	 	$175,848,265  	  	
Average net unrealized securities gains	 	(1,985,746) 	  	 	(1,607,293) 	  	 	(1,506,504) 	  	 	(1,341,146) 	  	 	(1,371,624) 	  	 	(1,611,931) 	  	 	(1,909,462) 	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Average assets less net unrealized securities gains	 	$172,054,793  	  	 	$170,855,928  	  	 	$174,973,966  	  	 	$177,530,139  	  	 	$175,675,634  	  	 	$173,830,492  	  	 	$173,938,803  	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total average common shareholders’ equity	 	$17,467,001  	  	 	$17,556,380  	  	 	$16,699,659  	  	 	$17,144,179  	  	 	$17,600,105  	  	 	$17,218,619  	  	 	$17,646,107  	  	
Average accumulated other comprehensive income	 	(698,324) 	  	 	(504,018) 	  	 	(745,189) 	  	 	(824,314) 	  	 	(996,955) 	  	 	(692,098) 	  	 	(1,220,949) 	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total average realized common shareholders’ equity	 	$16,768,677  	  	 	$17,052,362  	  	 	$15,954,470  	  	 	$16,319,865  	  	 	$16,603,150  	  	 	$16,526,521  	  	 	$16,425,158  	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Return on average total assets	 	(0.57) 	% 	 	(0.73) 	% 	 	(0.42) 	% 	 	(1.85) 	% 	 	(0.78) 	% 	 	(0.89) 	% 	 	0.45  	% 	
Impact of excluding net realized and unrealized securities (gains)/losses and The Coca-Cola Company stock dividend	 	(0.13) 	  	 	(0.10) 	  	 	0.01  	  	 	(0.04) 	  	 	(0.61) 	  	 	(0.07) 	  	 	(0.40) 	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Return on average total assets less net unrealized securities gains 1	 	(0.70) 	% 	 	(0.83) 	% 	 	(0.41) 	% 	 	(1.89)	 % 	 	(1.39) 	% 	 	(0.96) 	% 	 	0.05  	% 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Return on average common shareholders’ equity	 	(7.19) 	% 	 	(8.52) 	% 	 	(3.95) 	% 	 	(20.71)  	% 	 	(8.47) 	% 	 	(10.07)  	% 	 	4.20  	% 	
Impact of excluding net realized and unrealized securities (gains)/losses and The Coca-Cola Company stock dividend	 	(1.62) 	  	 	(1.18) 	  	 	(0.07) 	  	 	(1.37) 	  	 	(6.86) 	  	 	(1.05) 	  	 	(4.04) 	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Return on average realized common shareholders’ equity 2	 	(8.81) 	% 	 	(9.70)	 % 	 	(4.02) 	% 	 	(22.08) 	% 	 	(15.33) 	% 	 	(11.12) 	% 	 	0.16  	% 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Efficiency ratio 3	 	74.58  	% 	 	73.53  	% 	 	69.68  	% 	 	97.22  	% 	 	82.34  	% 	 	79.07  	% 	 	63.83  	% 	
Impact of excluding amortization/impairment of goodwill/intangible assets other than MSRs	 	(0.62) 	  	 	(0.71) 	  	 	(0.63) 	  	 	(34.25) 	  	 	(0.90) 	  	 	(9.72) 	  	 	(1.32) 	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Tangible efficiency ratio 4	 	73.96  	% 	 	72.82  	% 	 	69.05  	% 	 	62.97 	% 	 	81.44  	% 	 	69.35  	% 	 	62.51  	% 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total shareholders’ equity	 	$22,530,855  	  	 	$22,908,284  	  	 	$22,953,158  	  	 	$21,645,626  	  	 	$22,500,805  	  	 			 			
Goodwill, net of deferred taxes	 	(6,204,415) 	  	 	(6,204,954) 	  	 	(6,213,243) 	  	 	(6,224,610) 	  	 	(6,941,104) 	  	 			 			
Other intangible assets including MSRs, net of deferred taxes	 	(1,671,055) 	  	 	(1,559,765) 	  	 	(1,468,209) 	  	 	(1,049,155) 	  	 	(978,211) 	  	 			 			
MSRs	 	1,539,382  	  	 	1,422,716  	  	 	1,322,322  	  	 	894,797  	  	 	810,474  	  	 			 			
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 			 			
Tangible equity	 	16,194,767  	  	 	16,566,281  	  	 	16,594,028  	  	 	15,266,658  	  	 	15,391,964  	  	 			 			
Preferred stock	 	(4,917,312) 	  	 	(4,911,416) 	  	 	(4,918,863) 	  	 	(5,227,357) 	  	 	(5,221,703) 	  	 			 			
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 			 			
Tangible common equity	 	$11,277,455  	  	 	$11,654,865  	  	 	$11,675,165  	  	 	$10,039,301  	  	 	$10,170,261  	  	 			 			
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 			 			
Total assets	 	$174,164,735  	  	 	$172,717,747  	  	 	$176,734,971  	  	 	$179,116,402  	  	 	$189,137,961  	  	 			 			
Goodwill	 	(6,319,078) 	  	 	(6,314,382) 	  	 	(6,314,382) 	  	 	(6,309,431) 	  	 	(7,043,503) 	  	 			 			
Other intangible assets including MSRs	 	(1,711,299) 	  	 	(1,604,136) 	  	 	(1,517,483) 	  	 	(1,103,333) 	  	 	(1,035,427) 	  	 			 			
MSRs	 	1,539,382  	  	 	1,422,716  	  	 	1,322,322  	  	 	894,797  	  	 	810,474  	  	 			 			
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 			 			
Tangible assets	 	$167,673,740  	  	 	$166,221,945  	  	 	$170,225,428  	  	 	$172,598,435  	  	 	$181,869,505  	  	 			 			
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 			 			
Tangible equity to tangible assets 5	 	9.66  	% 	 	9.96  	% 	 	9.75  	% 	 	8.85  	% 	 	8.46  	% 	 			 			
Tangible book value per common share 7	 	$22.59  	  	 	$23.35  	  	 	$23.41  	  	 	$28.15  	  	 	$28.69  	  	 			 			
Net interest income	 	$1,176,477  	  	 	$1,137,458  	  	 	$1,089,657  	  	 	$1,062,098  	  	 	$1,176,860  	  	 	$4,465,690  	  	 	$4,619,656  	  	
Taxable-equivalent adjustment	 	30,286  	  	 	30,716  	  	 	31,428  	  	 	30,859  	  	 	31,790  	  	 	123,289  	  	 	117,487  	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net interest income - FTE	 	1,206,763  	  	 	1,168,174  	  	 	1,121,085  	  	 	1,092,957  	  	 	1,208,650  	  	 	4,588,979  	  	 	4,737,143  	  	
Noninterest income	 	742,314  	  	 	775,051  	  	 	1,071,675  	  	 	1,121,238  	  	 	717,729  	  	 	3,710,278  	  	 	4,473,463  	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenue - FTE	 	1,949,077  	  	 	1,943,225  	  	 	2,192,760  	  	 	2,214,195  	  	 	1,926,379  	  	 	8,299,257  	  	 	9,210,606  	  	
Securities (gains)/losses, net	 	(72,849) 	  	 	(46,692) 	  	 	24,899  	  	 	(3,377) 	  	 	(411,053) 	  	 	(98,019) 	  	 	(1,073,300) 	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenue - FTE excluding net securities (gains)/losses 6	 	$1,876,228  	  	 	$1,896,533  	  	 	$2,217,659  	  	 	$2,210,818  	  	 	$1,515,326  	  	 	$8,201,238  	  	 	$8,137,306  	  	

 
1 SunTrust presents a return on average assets less net unrealized gains on securities. The foregoing numbers primarily reflect adjustments to remove the effects of the securities portfolio which includes the ownership by the Company of common shares of The Coca-Cola Company. The Company uses this information internally to gauge its actual performance in the industry. The Company believes that the return on average assets less the net unrealized securities gains is more indicative of the Company’s return on assets because it more accurately reflects the return on the assets that are related to the Company’s core businesses which are primarily client relationship and client transaction driven. The return on average assets less net unrealized gains on securities is computed by dividing annualized net income, excluding securities gains/losses and The Coca-Cola Company dividend, net of tax, by average assets less net unrealized securities gains.
2 SunTrust believes that the return on average realized common shareholders’ equity is more indicative of the Company’s return on equity because the excluded equity relates primarily to the holding of a specific security. The return on average realized common shareholders’ equity is computed by dividing annualized net income available to common shareholders, excluding securities gains/losses and The Coca-Cola Company dividend, net of tax, by average realized common shareholders’ equity.
3 Computed by dividing noninterest expense by total revenue - FTE. The efficiency ratios are presented on an FTE basis. The FTE basis adjusts for the tax-favored status of net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources.
4 SunTrust presents a tangible efficiency ratio which excludes the amortization/impairment of intangible assets other than MSRs. The Company believes this measure is useful to investors because, by removing the effect of these intangible asset costs (the level of which may vary from company to company), it allows investors to more easily compare the Company’s efficiency to other companies in the industry. This measure is utilized by management to assess the efficiency of the Company and its lines of business.
5 SunTrust presents a tangible equity to tangible assets ratio that excludes the after-tax impact of purchase accounting intangible assets. The Company believes this measure is useful to investors because, by removing the effect of intangible assets that result from merger and acquisition activity (the level of which may vary from company to company), it allows investors to more easily compare the Company’s capital adequacy to other companies in the industry. This measure is used by management to analyze capital adequacy.
6 SunTrust presents total revenue- FTE excluding net realized securities (gains)/losses. The Company believes noninterest income without net securities (gains)/losses is more indicative of the Company’s performance because it isolates income that is primarily client relationship and client transaction driven and is more indicative of normalized operations.
7 SunTrust presents a tangible book value per common share that excludes the after-tax impact of purchase accounting intangible assets and also excludes preferred stock from tangible equity. The Company believes this measure is useful to investors because, by removing the effect of intangible assets that result from merger and acquisition activity as well as preferred stock (the level of which may vary from company to company), it allows investors to more easily compare the Company’s book value on common stock to other companies in the industry.
 
Page 13

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

															
 	  	Three Months Ended	  	Twelve Months Ended	
 	  	December 31
2009	  	September 30
2009	  	June 30
2009	  	March 31
2009	  	December 31
2008	  	December 31
2009	  	December 31
2008	
NON-GAAP MEASURES PRESENTED IN THE EARNINGS RELEASE	  		  		  		  		  		  		  		
Total noninterest expense	  	$1,453,566  	  	$1,428,847  	  	$1,527,972  	  	$2,152,023  	  	$1,586,153  	  	$6,562,408  	  	$5,879,023  	
Goodwill/intangible impairment charges other than MSRs	  	-     	  	-  	  	-  	  	751,156  	  	-  	  	751,156  	  	45,000  	
	  	 	  	 	  	 	  	 	  	 	  	 	  	 	
Total noninterest expense excluding goodwill/intangible impairment charges other than MSRs 1	  	$1,453,566  	  	$1,428,847  	  	$1,527,972  	  	$1,400,867  	  	$1,586,153  	  	$5,811,252  	  	$5,834,023  	

Net income/(loss)	  	($248,115) 	  	($316,941) 	  	($183,460) 	  	($815,167) 	  	($347,587) 	  	($1,563,683) 	  	$795,774  	
Goodwill/intangible impairment charges other than MSRs, after tax	  	-  	  	-  	  	-  	  	723,853  	  	-  	  	723,853  	  	27,281  	
	  	 	  	 	  	 	  	 	  	 	  	 	  	 	
Net income/(loss) excluding goodwill/intangible impairment charges other than MSRs, after tax 1	  	($248,115) 	  	($316,941) 	  	($183,460) 	  	($91,314) 	  	($347,587) 	  	($839,830) 	  	$823,055  	

Net income/(loss) available to common shareholders	  	($316,424) 	  	($377,144) 	  	($164,428) 	  	($875,381) 	  	($374,938) 	  	($1,733,377) 	  	$740,982  	
Goodwill/intangible impairment charges other than MSRs attributable to common shareholders, after tax	  	-  	  	-  	  	-  	  	714,824  	  	-  	  	714,824  	  	27,006  	
	  	 	  	 	  	 	  	 	  	 	  	 	  	 	
Net income/(loss) available to common shareholders excluding goodwill/intangible impairment charges other than MSRs, after tax 1	  	($316,424) 	  	($377,144) 	  	($164,428) 	  	($160,557) 	  	($374,938) 	  	($1,018,553) 	  	$767,988  	

Net income/(loss) per average common share, diluted	  	($0.64) 	  	($0.76) 	  	($0.41) 	  	($2.49) 	  	($1.07) 	  	($3.98) 	  	$2.12  	
Impact of excluding goodwill/intangible impairment charges other than MSRs attributable to common shareholders, after tax	  	-  	  	-  	  	-  	  	2.03  	  	-  	  	1.64  	  	0.07  	
	  	 	  	 	  	 	  	 	  	 	  	 	  	 	
Net income/(loss) per average diluted common share, excluding goodwill/intangible impairment charges other than MSRs, after tax 1	  	($0.64) 	  	($0.76) 	  	($0.41) 	  	($0.46) 	  	($1.07) 	  	($2.34) 	  	$2.19  	

 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	
								
SUPPLEMENTAL INCOME STATEMENT RECONCILIATION	  		  		  		  		  		  		  		
Net income/(loss)	  	($248,115) 	  	($316,941) 	  	($183,460) 	  	($815,167) 	  	($347,587) 	  	($1,563,683) 	  	$795,774  	
Preferred dividends, Series A	  	(1,745) 	  	(1,763) 	  	(5,635) 	  	(5,000) 	  	(5,055) 	  	(14,143) 	  	(22,255) 	
U.S. Treasury preferred dividends and accretion of discount	  	(66,522) 	  	(66,439) 	  	(66,546) 	  	(66,279) 	  	(26,579) 	  	(265,786) 	  	(26,579) 	
Dividends and undistributed earnings allocated to unvested shares	  	(42) 	  	3,106  	  	1,788  	  	11,065  	  	4,283  	  	15,917  	  	(5,958) 	
Gain on purchase of Series A preferred stock	  	-  	  	4,893  	  	89,425  	  	-  	  	-  	  	94,318  	  	-  	

Net income/(loss) available to common shareholders	  	($316,424) 	  	($377,144) 	  	($164,428) 	  	($875,381) 	  	($374,938) 	  	($1,733,377) 	  	$740,982  	

 
1 SunTrust presents noninterest expense, net income/(loss), net income/(loss) available to common shareholders, and net income/(loss) per average common diluted share that excludes the portion of the impairment charges on goodwill and intangible assets other than MSRs allocated to the common shareholders. The Company believes this measure is useful to investors, because removing the non-cash impairment charges provides a more representative view of normalized operations and the measure also allows better comparability with peers in the industry who also provide a similar presentation when applicable. In addition, management uses this measure internally to analyze performance.
 
Page 14

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

																			
 	  	Three Months Ended	 	 	Twelve Months Ended	 	
 	  	December 31
2009	 	 	December 31
2008	 	 	%
Change 3	 	 	December 31
2009	 	 	December 31
2008	 	 	%
Change 3	 	
Statements of Income	  			 			 			 			 			 			
							
Net interest income 1	  	$611,634  	  	 	$650,231  	  	 	(5.9) 	  % 	 	$2,345,576  	  	 	$2,559,079  	  	 	(8.3) 	  % 	
FTE adjustment	  	10,199  	  	 	8,871  	  	 	15.0  	  	 	37,269  	  	 	34,511  	  	 	8.0  	  	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income - FTE	  	621,833  	  	 	659,102  	  	 	(5.7) 	  	 	2,382,845  	  	 	2,593,590  	  	 	(8.1) 	  	
Provision for credit losses 2	  	349,314  	  	 	217,817  	  	 	60.4  	  	 	1,175,241  	  	 	589,879  	  	 	99.2  	  	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income after provision for loan losses - FTE	  	272,519  	  	 	441,285  	  	 	(38.2) 	  	 	1,207,604  	  	 	2,003,711  	  	 	(39.7) 	  	

Noninterest income before securities gains/(losses)	  	348,229  	  	 	334,549  	  	 	4.1  	  	 	1,362,983  	  	 	1,392,493  	  	 	(2.1) 	  	
Securities gains/(losses), net	  	18  	  	 	(6) 	  	 	NM  	  	 	7  	  	 	(226) 	  	 	NM  	  	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest income	  	348,247  	  	 	334,543  	  	 	4.1  	  	 	1,362,990   	  	 	1,392,267  	  	 	(2.1) 	  	

Noninterest expense before amortization/impairment of goodwill/intangible assets	  	755,559  	  	 	718,119  	  	 	5.2  	  	 	2,952,683  	  	 	2,673,529  	  	 	10.4  	  	
Amortization/impairment of goodwill/intangible assets	  	8,703  	  	 	13,086  	  	 	(33.5) 	  	 	340,282  	  	 	56,815  	  	 	NM  	  	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest expense	  	764,262  	  	 	731,205  	  	 	4.5  	  	 	3,292,965   	  	 	2,730,344  	  	 	20.6  	  	

Income/(loss) before provision/(benefit) for income taxes	  	(143,496) 	  	 	44,623  	  	 	NM  	  	 	(722,371) 	  	 	665,634  	  	 	NM  	  	
Provision/(benefit) for income taxes	  	(88,947) 	  	 	(16,224) 	  	 	NM  	  	 	(278,329) 	  	 	126,146  	  	 	NM  	  	
FTE adjustment	  	10,199  	  	 	8,871  	  	 	15.0  	  	 	37,269  	  	 	34,511  	  	 	8.0  	  	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net income/(loss) including income attributable to noncontrolling interest	  	(64,748) 	  	 	51,976  	  	 	NM  	  	 	(481,311) 	  	 	504,977  	  	 	NM  	  	
Less: net income attributable to noncontrolling interest	  	-     	  	 	1  	  	 	(100.0) 	  	 	-     	  	 	2  	  	 	(100.0) 	  	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net income/(loss)	  	($64,748) 	  	 	$51,975  	  	 	NM  	  	 	($481,311) 	  	 	$504,975  	  	 	NM  	  	

Total revenue - FTE	  	$970,080  	  	 	$993,645  	  	 	(2.4) 	  	 	$3,745,835   	  	 	$3,985,857  	  	 	(6.0) 	  	
							
Selected Average Balances	  			 			 			 			 			 			
							
Total loans	  	$46,674,923  	  	 	$50,909,953  	  	 	(8.3) 	  % 	 	$48,993,019  	  	 	$50,651,083  	  	 	(3.3) 	  % 	
Goodwill	  	5,738,803  	  	 	6,214,919  	  	 	(7.7) 	  	 	5,854,113  	  	 	6,152,555  	  	 	(4.9) 	  	
Other intangible assets excluding MSRs	  	108,737  	  	 	151,985  	  	 	(28.5) 	  	 	123,461  	  	 	161,390  	  	 	(23.5) 	  	
Total assets	  	53,988,605  	  	 	58,637,459  	  	 	(7.9) 	  	 	56,409,092  	  	 	58,337,176  	  	 	(3.3) 	  	
Consumer and commercial deposits	  	94,908,812  	  	 	83,150,275  	  	 	14.1  	  	 	91,289,705  	  	 	82,338,664  	  	 	10.9  	  	
							
Performance Ratios	  			 			 			 			 			 			
							
Efficiency ratio	  	78.78  	 % 	 	73.59  	 % 	 			 	87.91  	 % 	 	68.50  	 % 	 			
Impact of excluding amortization/impairment of goodwill/intangible assets	  	(6.13) 	  	 	(6.44) 	  	 			 	(14.64) 	  	 	(6.00) 	  	 			
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Tangible efficiency ratio	  	72.65  	 % 	 	67.15  	 % 	 			 	73.27  	 % 	 	62.50  	 % 	 			

 
1 Net interest income does not include the funding benefit that would result from holding shareholders’ equity at the line of business level due to the fact that shareholders’ equity is not allocated to the lines of business at this time.
2 Provision for credit losses represents net charge-offs for the lines of business.
3 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.
 
Page 15

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

																			
 	  	Three Months Ended	 	 	Twelve Months Ended	 	
 	  	December 31
2009	 	 	December 31
2008	 	 	%
    Change 3     	 	 	December 31
2009	 	 	December 31
2008	 	 	%
    Change 3     	 	
Statements of Income	  			 			 			 			 			 			
							
Net interest income 1	  	$81,943  	  	 	$96,282  	  	 	(14.9) 	% 	 	$316,759  	  	 	$274,821  	  	 	15.3  	% 	
FTE adjustment	  	17,363  	  	 	18,648  	  	 	(6.9) 	  	 	72,530  	  	 	64,719  	  	 	12.1  	  	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income - FTE	  	99,306  	  	 	114,930  	  	 	(13.6) 	  	 	389,289  	  	 	339,540  	  	 	14.7  	  	
Provision for credit losses 2	  	24,766  	  	 	53,061  	  	 	(53.3) 	  	 	298,164  	  	 	55,250  	  	 	NM  	  	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income after provision for loan losses - FTE	  	74,540  	  	 	61,869  	  	 	20.5  	  	 	91,125  	  	 	284,290  	  	 	(67.9) 	  	

Noninterest income before securities gains/(losses)	  	138,776  	  	 	118,296  	  	 	17.3  	  	 	700,073  	  	 	561,807  	  	 	24.6  	  	
Securities gains/(losses), net	  	-      	  	 	-      	  	 	-    	  	 	-      	  	 	-      	  	 	-    	  	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest income	  	138,776  	  	 	118,296  	  	 	17.3  	  	 	700,073  	  	 	561,807  	  	 	24.6  	  	

Noninterest expense before amortization of intangible assets	  	136,159  	  	 	132,394  	  	 	2.8  	  	 	559,352  	  	 	540,422  	  	 	3.5  	  	
Amortization of intangible assets	  	-      	  	 	122  	  	 	(100.0) 	  	 	366  	  	 	488  	  	 	(25.0) 	  	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest expense	  	136,159  	  	 	132,516  	  	 	2.7  	  	 	559,718  	  	 	540,910  	  	 	3.5  	  	

Income before provision/(benefit) for income taxes	  	77,157  	  	 	47,649  	  	 	61.9  	  	 	231,480  	  	 	305,187  	  	 	(24.2) 	  	
Provision/(benefit) for income taxes	  	12,141  	  	 	(12,603) 	  	 	NM  	  	 	14,363  	  	 	52,040  	  	 	(72.4) 	  	
FTE adjustment	  	17,363  	  	 	18,648  	  	 	(6.9) 	  	 	72,530  	  	 	64,719  	  	 	12.1  	  	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net income including income attributable to noncontrolling interest	  	47,653  	  	 	41,604  	  	 	14.5  	  	 	144,587  	  	 	188,428  	  	 	(23.3) 	  	
Less: net income attributable to noncontrolling interest	  	-      	  	 	-      	  	 	-    	  	 	-      	  	 	-      	  	 	-    	  	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net income	  	$47,653  	  	 	$41,604  	  	 	14.5  	  	 	$144,587  	  	 	$188,428  	  	 	(23.3) 	  	

Total revenue - FTE	  	$238,082  	  	 	$233,226  	  	 	2.1  	  	 	$1,089,362  	  	 	$901,347  	  	 	20.9  	  	
							
Selected Average Balances	  			 			 			 			 			 			
							
Total loans	  	$18,127,797  	  	 	$24,145,672  	  	 	(24.9) 	% 	 	$20,920,531  	  	 	$21,618,757  	  	 	(3.2) 	% 	
Goodwill	  	223,307  	  	 	223,392  	  	 	(0.0) 	  	 	223,307  	  	 	223,619  	  	 	(0.1) 	  	
Other intangible assets excluding MSRs	  	-      	  	 	430  	  	 	(100.0) 	  	 	137  	  	 	616  	  	 	(77.8) 	  	
Total assets	  	27,471,292  	  	 	36,239,918  	  	 	(24.2) 	  	 	30,897,635  	  	 	32,254,013  	  	 	(4.2) 	  	
Consumer and commercial deposits	  	6,906,303  	  	 	7,135,419  	  	 	(3.2) 	  	 	7,008,152  	  	 	6,550,758  	  	 	7.0  	  	
							
Performance Ratios	  			 			 			 			 			 			
							
Efficiency ratio	  	57.19  	% 	 	56.82  	% 	 			 	51.38  	% 	 	60.01  	% 	 			
Impact of excluding amortization of intangible assets	  	(0.63) 	  	 	(0.69) 	  	 			 	(0.53) 	  	 	(0.73) 	  	 			
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Tangible efficiency ratio	  	56.56  	% 	 	56.13  	% 	 			 	50.85  	% 	 	59.28  	% 	 			

 
1 Net interest income does not include the funding benefit that would result from holding shareholders’ equity at the line of business level due to the fact that shareholders’ equity is not allocated to the lines of business at this time.
2 Provision for credit losses represents net charge-offs for the lines of business.
3 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.
 
Page 16

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

																			
 	  	Three Months Ended	 	 	Twelve Months Ended	 	
 	  	December 31
2009	 	 	December 31
2008	 	 	%
    Change 3     	 	 	December 31
2009	 	 	December 31
2008	 	 	%
    Change 3     	 	
							
Statements of Income	  			 			 			 			 			 			
							
Net interest income 1	  	$179,292  	  	 	$171,837  	  	 	4.3  	  % 	 	$780,190  	  	 	$726,850  	  	 	7.3  	  % 	
FTE adjustment	  	-      	  	 	-      	  	 	-    	  	 	-      	  	 	-      	  	 	-    	  	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income - FTE	  	179,292  	  	 	171,837  	  	 	4.3  	  	 	780,190  	  	 	726,850  	  	 	7.3  	  	
Provision for credit losses 2	  	428,180  	  	 	271,187  	  	 	57.9  	  	 	1,683,450  	  	 	893,139  	  	 	88.5  	  	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income after provision for loan losses - FTE	  	(248,888) 	  	 	(99,350) 	  	 	NM  	  	 	(903,260) 	  	 	(166,289) 	  	 	NM  	  	

Noninterest income before securities gains/(losses)	  	(1,101) 	  	 	(333,191) 	  	 	(99.7) 	  	 	758,323  	  	 	82,113  	  	 	NM  	  	
Securities gains/(losses), net	  	(2,183) 	  	 	410,737  	  	 	NM  	  	 	(30,641) 	  	 	399,177  	  	 	NM  	  	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest income	  	(3,284) 	  	 	77,546  	  	 	NM  	  	 	727,682  	  	 	481,290  	  	 	51.2  	  	

Noninterest expense before amortization/impairment of goodwill/intangible assets	  	314,468  	  	 	553,045  	  	 	(43.1) 	  	 	1,331,928  	  	 	1,529,305  	  	 	(12.9) 	  	
Amortization/impairment of goodwill/intangible assets	  	349  	  	 	383  	  	 	(8.9) 	  	 	453,399  	  	 	1,873  	  	 	NM  	  	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest expense	  	314,817  	  	 	553,428  	  	 	(43.1) 	  	 	1,785,327  	  	 	1,531,178  	  	 	16.6  	  	

Loss before benefit for income taxes	  	(566,989) 	  	 	(575,232) 	  	 	(1.4) 	  	 	(1,960,905) 	  	 	(1,216,177) 	  	 	61.2  	  	
Benefit for income taxes	  	(217,194) 	  	 	(225,619) 	  	 	(3.7) 	  	 	(593,021) 	  	 	(480,216) 	  	 	23.5  	  	
FTE adjustment	  	-      	  	 	-      	  	 	-    	  	 	-      	  	 	-      	  	 	-    	  	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net loss including income attributable to noncontrolling interest	  	(349,795) 	  	 	(349,613) 	  	 	0.1  	  	 	(1,367,884) 	  	 	(735,961) 	  	 	85.9  	  	
Less: net income attributable to noncontrolling interest	  	354  	  	 	235  	  	 	50.6  	  	 	2,971  	  	 	1,530  	  	 	94.2  	  	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net loss	  	($350,149) 	  	 	($349,848) 	  	 	0.1  	  	 	($1,370,855) 	  	 	($737,491) 	  	 	85.9  	  	

Total revenue - FTE	  	$176,008  	  	 	$249,383  	  	 	(29.4) 	  	 	$1,507,872  	  	 	$1,208,140  	  	 	24.8  	  	
							
Selected Average Balances	  			 			 			 			 			 			
							
Total loans	  	$41,977,128  	  	 	$44,088,220  	  	 	(4.8) 	  % 	 	$42,737,683  	  	 	$44,732,513  	  	 	(4.5) 	   % 	
Goodwill	  	-      	  	 	279,304  	  	 	(100.0) 	  	 	69,853  	  	 	277,423  	  	 	(74.8) 	  	
Other intangible assets excluding MSRs	  	8,203  	  	 	9,833  	  	 	(16.6) 	  	 	8,763  	  	 	3,026  	  	 	NM  	  	
Total assets	  	49,164,111  	  	 	55,066,846  	  	 	(10.7) 	  	 	51,221,820  	  	 	56,333,437  	  	 	(9.1) 	  	
Consumer and commercial deposits	  	2,774,494  	  	 	2,151,211  	  	 	29.0  	  	 	3,161,482  	  	 	2,268,403  	  	 	39.4  	  	
							
Performance Ratios	  			 			 			 			 			 			
							
Efficiency ratio	  	178.87  	  % 	 	221.92  	  % 	 			 	118.40  	  % 	 	126.74  	  % 	 			
Impact of excluding amortization/impairment of goodwill/intangible assets	  	(0.30) 	  	 	(3.17) 	  	 			 	(30.29) 	  	 	(1.50) 	  	 			
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Tangible efficiency ratio	  	178.57  	  % 	 	218.75  	  % 	 			 	88.11  	  % 	 	125.24  	  % 	 			

Other Information	  			 			 			 			 			 			
							
Production Data	  			 			 			 			 			 			
Channel mix	  			 			 			 			 			 			
Retail	  	$4,433,834  	  	 	$3,131,622  	  	 	41.6  	  % 	 	$24,734,540  	  	 	$17,019,652  	  	 	45.3  	  % 	
Wholesale	  	2,138,064  	  	 	2,117,785  	  	 	1.0  	  	 	12,679,097  	  	 	12,130,940  	  	 	4.5  	  	
Correspondent	  	1,849,045  	  	 	1,976,900  	  	 	(6.5) 	  	 	12,721,128  	  	 	7,279,578  	  	 	74.8  	  	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total production	  	$8,420,943  	  	 	$7,226,307  	  	 	16.5  	  	 	$50,134,765  	  	 	$36,430,170  	  	 	37.6  	  	

Channel mix - percent	  			 			 			 			 			 			
Retail	  	53  	  % 	 	43  	  % 	 			 	49  	  % 	 	47  	  % 	 			
Wholesale	  	25  	  	 	29  	  	 			 	25  	  	 	33  	  	 			
Correspondent	  	22  	  	 	28  	  	 			 	26  	  	 	20  	  	 			
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total production	  	100  	  % 	 	100  	  % 	 			 	100 	  % 	 	100  	  % 	 			

Purchase and refinance mix	  			 			 			 			 			 			
Refinance	  	$4,851,407  	  	 	$3,077,888  	  	 	57.6  	  	 	$35,217,156  	  	 	$16,371,010  	  	 	NM  	  	
Purchase	  	3,569,536  	  	 	4,148,419  	  	 	(14.0) 	  	 	14,917,609  	  	 	20,059,160  	  	 	(25.6) 	  	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total production	  	$8,420,943  	  	 	$7,226,307  	  	 	16.5  	  	 	    $50,134,765  	  	 	$36,430,170  	  	 	37.6  	  	

Purchase and refinance mix - percent	  			 			 			 			 			 			
Refinance	  	58  	  % 	 	43  	  % 	 			 	70  	  % 	 	45  	  % 	 			
Purchase	  	42  	  	 	57  	  	 			 	30  	  	 	55  	  	 			
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total production	  	100  	  % 	 	100  	  % 	 			 	100  	  % 	 	100  	  % 	 			

Applications	  	$11,917,546  	  	 	$16,785,691  	  	 	(29.0)	  	 	$74,422,294  	  	 	$68,558,868  	  	 	8.6  	  	
							
Mortgage Servicing Data (End of Period)	  			 			 			 			 			 			
Total loans serviced	  	$178,922,850  	  	 	$162,014,586  	  	 	10.4 	  % 	 			 			 			
Total loans serviced for others	  	146,699,477  	  	 	130,503,763  	  	 	12.4 	  	 			 			 			
Net carrying value of MSRs	  	1,539,381  	  	 	810,474  	  	 	89.9 	  	 			 			 			
Ratio of net carrying value of MSRs to total loans serviced for others	  	1.049  	  % 	 	0.621  	  % 	 			 			 			 			

1 Net interest income does not include the funding benefit that would result from holding shareholders’ equity at the line of business level due to the fact that shareholders’ equity is not allocated to the lines of business at this time.
2 Provision for credit losses represents net charge-offs for the lines of business.
3 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.
 
Page 17

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

																			
 	  	Three Months Ended	 	 	Twelve Months Ended	 	
 	  	December 31
2009	 	 	December 31
2008	 	 	%
    Change 3     	 	 	December 31
2009	 	 	December 31
2008	 	 	%
    Change 3     	 	
Statements of Income	  			 			 			 			 			 			
							
Net interest income 1	  	$81,585  	  	 	$84,163  	  	 	(3.1) 	  % 	 	$303,954  	  	 	$325,076  	  	 	(6.5) 	  % 	
FTE adjustment	  	4  	  	 	5  	  	 	(20.0) 	  	 	17  	  	 	29  	  	 	(41.4) 	  	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income - FTE	  	81,589  	  	 	84,168  	  	 	(3.1) 	  	 	303,971  	  	 	325,105  	  	 	(6.5) 	  	
Provision for credit losses 2	  	17,746  	  	 	10,072  	  	 	76.2  	  	 	79,166  	  	 	26,895  	  	 	NM  	  	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income after provision for loan losses - FTE	  	63,843  	  	 	74,096  	  	 	(13.8) 	  	 	224,805  	  	 	298,210  	  	 	(24.6) 	  	

Noninterest income before securities gains/(losses)	  	206,005  	  	 	188,226  	  	 	9.4  	  	 	749,496  	  	 	949,219  	  	 	(21.0) 	  	
Securities gains/(losses), net	  	(705) 	  	 	-    	  	 	-    	  	 	(945) 	  	 	(116) 	  	 	NM  	  	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest income	  	205,300  	  	 	188,226  	  	 	9.1  	  	 	748,551  	  	 	949,103  	  	 	(21.1) 	  	

Noninterest expense before amortization/impairment of intangible assets	  	220,436  	  	 	207,327  	  	 	6.3  	  	 	850,679  	  	 	908,140  	  	 	(6.3) 	  	
Amortization/impairment of intangible assets	  	2,971  	  	 	3,567  	  	 	(16.7) 	  	 	12,382  	  	 	61,673  	  	 	(79.9) 	  	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest expense	  	223,407  	  	 	210,894  	  	 	5.9  	  	 	863,061  	  	 	969,813  	  	 	(11.0) 	  	

Income before provision for income taxes	  	45,736  	  	 	51,428  	  	 	(11.1) 	  	 	110,295  	  	 	277,500  	  	 	(60.3) 	  	
Provision for income taxes	  	17,701  	  	 	20,286  	  	 	(12.7) 	  	 	42,417  	  	 	102,230  	  	 	(58.5) 	  	
FTE adjustment	  	4  	  	 	5  	  	 	(20.0) 	  	 	17  	  	 	29  	  	 	(41.4) 	  	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net income including income/(loss) attributable to noncontrolling interest	  	28,031  	  	 	31,137  	  	 	(10.0) 	  	 	67,861  	  	 	175,241  	  	 	(61.3) 	  	
Less: net income/(loss) attributable to noncontrolling interest	  	(7) 	  	 	-    	  	 	-    	  	 	(7) 	  	 	849  	  	 	NM  	  	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net income	  	$28,038  	  	 	$31,137  	  	 	(10.0) 	  	 	$67,868  	  	 	$174,392  	  	 	(61.1) 	  	

Total revenue - FTE	  	$286,889  	  	 	$272,394  	  	 	5.3  	  	 	$1,052,522  	  	 	$1,274,208  	  	 	(17.4) 	  	
							
Selected Average Balances	  			 			 			 			 			 			
							
Total loans	  	$8,038,638  	  	 	$8,252,303  	  	 	(2.6) 	  % 	 	$8,197,721  	  	 	$8,174,230  	  	 	0.3  	  % 	
Goodwill	  	353,366  	  	 	333,396  	  	 	6.0  	  	 	348,501  	  	 	329,750  	  	 	5.7  	  	
Other intangible assets excluding MSRs	  	55,247  	  	 	65,806  	  	 	(16.0) 	  	 	59,299  	  	 	95,153  	  	 	(37.7) 	  	
Total assets	  	8,867,017  	  	 	9,030,557  	  	 	(1.8) 	  	 	8,984,057  	  	 	9,009,009  	  	 	(0.3) 	  	
Consumer and commercial deposits	  	11,686,363  	  	 	9,172,112  	  	 	27.4  	  	 	11,029,742  	  	 	9,506,060  	  	 	16.0  	  	
							
Performance Ratios	  			 			 			 			 			 			
							
Efficiency ratio	  	77.87  	  % 	 	77.42  	  % 	 			 	82.00  	  % 	 	76.11  	  % 	 			
Impact of excluding amortization/impairment of intangible assets	  	(2.32) 	  	 	(2.61) 	  	 			 	(2.64) 	  	 	(5.92) 	  	 			
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Tangible efficiency ratio	  	75.55  	  % 	 	74.81  	  % 	 			 	79.36  	  % 	 	70.19  	  % 	 			

Other Information (End of Period)	  			 			 			 			 			 			
							
Assets under adminstration	  			 			 			 			 			 			
Managed (discretionary) assets	  	$119,463,262  	  	 	$113,109,076  	  	 	5.6  	  % 	 			 			 			
Non-managed assets	  	46,055,647  	  	 	45,729,084  	  	 	0.7  	  	 			 			 			
	  	 	 	 	 	 	 			 			 			 			
Total assets under administration	  	165,518,909  	  	 	158,838,160  	  	 	4.2  	  	 			 			 			

Brokerage assets	  	31,826,934  	  	 	31,221,049  	  	 	1.9  	  	 			 			 			
Corporate trust assets	  	8,092,512  	  	 	4,440,078  	  	 	82.3  	  	 			 			 			
	  	 	 	 	 	 	 			 			 			 			
Total assets under advisement	  	    $205,438,355  	  	 	    $194,499,287  	  	 	5.6  	  	 			 			 			

 
1 Net interest income does not include the funding benefit that would result from holding shareholders’ equity at the line of business level due to the fact that shareholders’ equity is not allocated to the lines of business at this time.
2 Provision for credit losses represents net charge-offs for the lines of business.
3 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.
 
Page 18

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

																	
 	  	Three Months Ended	 	 	Twelve Months Ended	 	
 	  	December 31
2009	 	 	December 31
2008	 	 	%
    Change 2     	 	 	December 31
2009	  	December 31
2008	  	%
    Change 2     	 	
							
Statements of Income	  			 			 			 		  		  			
							
Net interest income	  	$222,023  	  	 	$174,347  	  	 	27.3  	  % 	 	$719,211  	  	$733,830  	  	(2.0) 	  % 	
FTE adjustment	  	2,720  	  	 	4,266  	  	 	(36.2) 	  	 	13,473  	  	18,228  	  	(26.1) 	  	
	  	 	 	 	 	 	 			 	 	  	 	  			
Net interest income - FTE	  	224,743  	  	 	178,613  	  	 	25.8  	  	 	732,684  	  	752,058  	  	(2.6) 	  	
Provision for credit losses 1	  	153,700  	  	 	410,357  	  	 	(62.5) 	  	 	827,893  	  	909,052  	  	(8.9) 	  	
	  	 	 	 	 	 	 			 	 	  	 	  			
Net interest income after provision for loan losses - FTE	  	71,043  	  	 	(231,744) 	  	 	NM  	  	 	(95,209) 	  	(156,994) 	  	(39.4) 	  	

Noninterest income before securities gains/(losses)	  	(22,444) 	  	 	(1,204) 	  	 	NM  	  	 	41,384  	  	414,531  	  	(90.0) 	  	
Securities gains/(losses), net	  	75,719  	  	 	322  	  	 	NM  	  	 	129,598  	  	674,465  	  	(80.8) 	  	
	  	 	 	 	 	 	 			 	 	  	 	  			
Total noninterest income	  	53,275  	  	 	(882) 	  	 	NM  	  	 	170,982  	  	1,088,996  	  	(84.3) 	  	

Noninterest expense before amortization of intangible assets	  	14,822  	  	 	(41,991) 	  	 	NM  	  	 	60,932  	  	106,367  	  	(42.7) 	  	
Amortization of intangible assets	  	99  	  	 	101  	  	 	(2.0) 	  	 	405  	  	411  	  	(1.5) 	  	
	  	 	 	 	 	 	 			 	 	  	 	  			
Total noninterest expense	  	14,921  	  	 	(41,890) 	  	 	NM  	  	 	61,337  	  	106,778  	  	(42.6) 	  	

Income/(loss) before provision/(benefit) for income taxes	  	109,397  	  	 	(190,736) 	  	 	NM  	  	 	14,436  	  	825,224  	  	(98.3) 	  	
Provision/(benefit) for income taxes	  	13,306  	  	 	(74,796) 	  	 	NM  	  	 	(84,213) 	  	132,529  	  	NM  	  	
FTE adjustment	  	2,720  	  	 	4,266  	  	 	(36.2) 	  	 	13,473  	  	18,228  	  	(26.1) 	  	
	  	 	 	 	 	 	 			 	 	  	 	  			
Net income/(loss) including income attributable to noncontrolling interest	  	93,371  	  	 	(120,206) 	  	 	NM  	  	 	85,176  	  	674,467  	  	(87.4) 	  	
Less: net income attributable to noncontrolling interest	  	2,280  	  	 	2,249  	  	 	1.4  	  	 	9,148  	  	8,997  	  	1.7  	  	
	  	 	 	 	 	 	 			 	 	  	 	  			
Net income/(loss)	  	$91,091  	  	 	($122,455) 	  	 	NM  	  	 	$76,028  	  	$665,470  	  	(88.6) 	  	

Total revenue - FTE	  	$278,018  	  	 	$177,731  	  	 	56.4  	  	 	$903,666  	  	$1,841,054  	  	(50.9) 	  	
							
Selected Average Balances	  			 			 			 		  		  			
							
Total loans	  	$217,617  	  	 	$211,766  	  	 	2.8  	  % 	 	$191,655  	  	$256,164  	  	(25.2) 	  % 	
Securities available for sale	  	24,919,072  	  	 	12,684,774  	  	 	96.4  	  	 	21,252,324  	  	13,824,802  	  	53.7  	  	
Goodwill	  	(1) 	  	 	434  	  	 	NM  	  	 	(1) 	  	28,035  	  	(100.0) 	  	
Other intangible assets excluding MSRs	  	3,768  	  	 	4,172  	  	 	(9.7) 	  	 	3,918  	  	4,329  	  	(9.5) 	  	
Total assets	  	34,549,514  	  	 	18,072,478  	  	 	91.2  	  	 	27,929,819  	  	19,914,630  	  	40.2  	  	
Consumer and commercial deposits	  	732,484  	  	 	629,357  	  	 	16.4  	  	 	674,977  	  	668,872  	  	0.9  	  	
							
Other Information	  			 			 			 		  		  			
							
Duration of investment portfolio	  	3.0  	  % 	 	2.8  	  % 	 			 		  		  			
							
Accounting net interest income interest rate sensitivity 3 :	  			 			 			 		  		  			
% Change in net interest income under:	  			 			 			 		  		  			
Instantaneous 100 bp increase in rates over next 12 months	  	0.5  	  % 	 	4.1  	  % 	 			 		  		  			
Instantaneous 100 bp decrease in rates over next 12 months	  	(0.3) 	  % 	 	(1.3) 	  % 	 			 		  		  			
							
Economic net interest income interest rate sensitivity 3 :	  			 			 			 		  		  			
% Change in net interest income under:	  			 			 			 		  		  			
Instantaneous 100 bp increase in rates over next 12 months	  	-  	  % 	 	3.3  	  % 	 			 		  		  			
Instantaneous 100 bp decrease in rates over next 12 months	  	0.1  	  % 	 	(0.1) 	  % 	 			 		  		  			

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 “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.
3 The recognition of interest rate sensitivity from an accounting perspective is different from the economic perspective due to the election of fair value accounting for certain long term debt and the related interest rate swaps. The net interest income sensitivity profile from an economic perspective assumes the net interest payments from the related swaps were included in net interest income.
 
Page 19

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

																			
 	  	Three Months Ended	 	 	Twelve Months Ended	 	
 	  	December 31
2009	 	 	December 31
2008	 	 	%
    Change 1     	 	 	December 31
2009	 	 	December 31
2008	 	 	%
    Change 1     	 	
							
Statements of Income	  			 			 			 			 			 			
							
Net interest income	  	$1,176,477  	  	 	$1,176,860  	  	 	(0.0) 	  % 	 	$4,465,690  	  	 	$4,619,656  	  	 	(3.3) 	  % 	
FTE adjustment	  	30,286  	  	 	31,790  	  	 	(4.7) 	  	 	123,289  	  	 	117,487  	  	 	4.9  	  	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income - FTE	  	1,206,763  	  	 	1,208,650  	  	 	(0.2) 	  	 	4,588,979  	  	 	4,737,143  	  	 	(3.1) 	  	
Provision for credit losses	  	973,706  	  	 	962,494  	  	 	1.2  	  	 	4,063,914  	  	 	2,474,215  	  	 	64.3  	  	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net interest income after provision for loan losses - FTE	  	233,057  	  	 	246,156  	  	 	(5.3) 	  	 	525,065  	  	 	2,262,928  	  	 	(76.8) 	  	

Noninterest income before securities gains/(losses)	  	669,465  	  	 	306,676  	  	 	NM  	  	 	3,612,259  	  	 	3,400,163  	  	 	6.2  	  	
Securities gains/(losses), net	  	72,849  	  	 	411,053  	  	 	(82.3) 	  	 	98,019  	  	 	1,073,300  	  	 	(90.9) 	  	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest income	  	742,314  	  	 	717,729  	  	 	3.4  	  	 	3,710,278  	  	 	4,473,463  	  	 	(17.1) 	  	

Noninterest expense before amortization/impairment of goodwill/intangible assets	  	1,441,444  	  	 	1,568,894  	  	 	(8.1) 	  	 	5,755,574  	  	 	5,757,763  	  	 	-    	  	
Amortization/impairment of goodwill/intangible assets	  	12,122  	  	 	17,259  	  	 	(29.8) 	  	 	806,834  	  	 	121,260  	  	 	NM  	  	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Total noninterest expense	  	1,453,566  	  	 	1,586,153  	  	 	(8.4) 	  	 	6,562,408  	  	 	5,879,023  	  	 	11.6  	  	

Income/(loss) before provision/(benefit) for income taxes	  	(478,195) 	  	 	(622,268) 	  	 	(23.2) 	  	 	(2,327,065) 	  	 	857,368  	  	 	NM  	  	
Provision/(benefit) for income taxes	  	(262,993) 	  	 	(308,956) 	  	 	(14.9) 	  	 	(898,783) 	  	 	(67,271) 	  	 	NM  	  	
FTE adjustment	  	30,286  	  	 	31,790  	  	 	(4.7) 	  	 	123,289  	  	 	117,487  	  	 	4.9  	  	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net income/(loss) including income attributable to noncontrolling interest	  	(245,488) 	  	 	(345,102) 	  	 	(28.9) 	  	 	(1,551,571) 	  	 	807,152  	  	 	NM  	  	
Less: net income attributable to noncontrolling interest	  	2,627  	  	 	2,485  	  	 	5.7  	  	 	12,112  	  	 	11,378  	  	 	6.5  	  	
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Net income/(loss)	  	($248,115) 	  	 	($347,587) 	  	 	(28.6) 	  	 	($1,563,683) 	  	 	$795,774  	  	 	NM  	  	

Total revenue - FTE	  	$1,949,077  	  	 	$1,926,379  	  	 	1.2  	  	 	$8,299,257  	  	 	$9,210,606  	  	 	(9.9) 	  	
							
Selected Average Balances	  			 			 			 			 			 			
							
Total loans	  	$115,036,103  	  	 	$127,607,914  	  	 	(9.9) 	  % 	 	$121,040,609  	  	 	$125,432,747  	  	 	(3.5) 	  % 	
Goodwill	  	6,315,475  	  	 	7,051,445  	  	 	(10.4) 	  	 	6,495,773  	  	 	7,011,382  	  	 	(7.4) 	  	
Other intangible assets excluding MSRs	  	175,955  	  	 	232,226  	  	 	(24.2) 	  	 	195,578  	  	 	264,514  	  	 	(26.1) 	  	
Total assets	  	174,040,539  	  	 	177,047,258  	  	 	(1.7) 	  	 	175,442,423  	  	 	175,848,265  	  	 	(0.2) 	  	
Consumer and commercial deposits	  	117,008,456  	  	 	102,238,374  	  	 	14.4  	  	 	113,164,058  	  	 	101,332,757  	  	 	11.7  	  	
							
Performance Ratios	  			 			 			 			 			 			
							
Efficiency ratio	  	74.58  	  % 	 	82.34  	  % 	 			 	79.07  	  % 	 	63.83  	  % 	 			
Impact of excluding amortization/impairment of goodwill/intangible assets	  	(0.62) 	  	 	(0.90) 	  	 			 	(9.72) 	  	 	(1.32) 	  	 			
	  	 	 	 	 	 	 			 	 	 	 	 	 	 			
Tangible efficiency ratio	  	73.96  	  % 	 	81.44  	  % 	 			 	69.35  	  % 	 	62.51  	  % 	 			

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

SunTrust Banks, Inc.
4Q 2009 Earnings Presentation
January 22, 2010
Exhibit 99.2	

1
Important Cautionary Statement About Forward-Looking Statements

The following should be read in conjunction with the financial statements, notes and other information contained in the Company’s 2008 Annual Report on Form 10-K, Quarterly Reports on Form 10-Q,
and Current Reports on Form 8-K.  
This presentation includes non-GAAP financial measures to describe SunTrust’s performance.  The reconciliation of those measures to GAAP measures are provided within or in the appendix of this
presentation.  In this presentation, net interest income and net interest margin are presented on a fully taxable-equivalent (“FTE”) basis, and ratios are presented on an annualized basis. The FTE basis
adjusts for the tax-favored status of income from certain loans and investments.  The Company believes this measure to be the preferred industry measurement of net interest income and provides
relevant comparison between taxable and non-taxable amounts.  
This presentation contains forward-looking statements. Statements regarding (a) future levels of required mortgage repurchase reserves, revenue, net interest margin, charge-offs, provision expense,
credit quality, FDIC and other regulatory expense, loans, loans held for sale, the investment portfolio, income, job losses, loan loss severities, loan loss frequency, and residential builder nonperforming
loans, (b) the expected impact of FAS 167 and consolidation; (c) expected changes in the rate or level of deposit growth, loan growth, charge-offs, loan loss frequencies, and residential nonperforming
loans; and (d) expected future asset quality and the performance of the commercial and industrial and commercial real estate portfolios, are forward-looking statements. Also, any statement that does not
describe historical or current facts, including statements about beliefs and expectations, is a forward-looking statement. These statements often include the words “believes,” “expects,” “anticipates,”
“estimates,” “intends,” “plans,” “targets,” “initiatives,” “potentially,” “probably,” “projects,” “outlook” or similar expressions or future conditional verbs such as “may,” “will,” “should,” “would,” and
“could.” Forward-looking statements are based upon the current beliefs and expectations of management and on information currently available to management. Such statements speak as of the date
hereof, and we do not assume any obligation to update the statements made herein or to update the reasons why actual results could differ from those contained in such statements in light of new
information or future events. 
Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those
set forth in the forward-looking statements. Factors that could cause actual results to differ materially from those described in the forward-looking statements can be found at Item 1A of our annual
report on Form 10-K filed with the Securities and Exchange Commission (SEC), as supplemented from time to time in our other periodic reports filed with the SEC, all of which are available at the
SEC’s internet site (http://www.sec.gov). Those factors include: difficult market conditions have adversely affected our industry; recent levels of market volatility are unprecedented; the soundness of
other financial institutions could adversely affect us; recently enacted legislation or any proposed federal programs subject us to increased regulation and may adversely affect us; we have not yet
received permission to repay TARP funds; emergency measures designed to stabilize the U.S. banking system are beginning to wind down; we are subject to credit risk; weakness in the economy and in
the real estate market, including specific weakness within our geographic footprint, has adversely affected us and may continue to adversely affect us; weakness in the real estate market, including the
secondary residential mortgage loan markets, has adversely affected us and may continue to adversely affect us; as a financial services company, adverse changes in general business or economic
conditions could have a material adverse effect on our financial condition and results of operations; changes in market interest rates or capital markets could adversely affect our revenue and expense,
the value of assets and obligations, and the availability and cost of capital or liquidity; the fiscal and monetary policies of the federal government and its agencies could have a material adverse effect on
our earnings; we may be required to repurchase mortgage loans or indemnify mortgage loan purchasers as a result of breaches of representations and warranties, borrower fraud, or certain borrower
defaults, which could harm our liquidity, results of operations, and financial condition; we may continue to suffer increased losses in our loan portfolio despite enhancement of our underwriting policies;
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
natural disasters may adversely affect loan portfolios and operations and increase the cost of doing business; negative public opinion could damage our reputation and adversely impact business and
revenues; we rely on other companies to provide key components of our business infrastructure; we rely on our systems, employees, and certain counterparties, and certain failures could materially
adversely affect our operations; we depend on the accuracy and completeness of information about clients and counterparties; regulation by federal and state agencies could adversely affect the business,
revenue, and profit margins; competition in the financial services industry is intense and could result in losing business or reducing margins; future legislation could harm our competitive position;
maintaining or increasing market share depends on market acceptance and regulatory approval of new products and services; we may not pay dividends on your common stock; our ability to receive
dividends from our subsidiaries accounts for most of our revenue and could affect our liquidity and ability to pay dividends; significant legal actions could subject us to substantial uninsured liabilities;
recently declining values of real estate, increases in unemployment, and the related effects on local economies may increase our credit losses, which would negatively affect our financial results;
deteriorating credit quality, particularly in real estate loans, has adversely impacted us and may continue to adversely impact us; our allowance for loan losses may not be adequate to cover our actual
losses; we will realize future losses if the proceeds we receive upon liquidation of nonperforming assets are less than the fair value of such assets; disruptions in our ability to access global capital
markets may negatively affect our capital resources and liquidity; ratings agencies recently downgraded our securities and the deposit ratings of SunTrust Bank. These downgrades and any subsequent
downgrades could adversely impact the price and liquidity of our securities and could have an impact on our businesses and results of operations; we have in the past and may in the future pursue
acquisitions, which could affect costs and from which we may not be able to realize anticipated benefits; we depend on the expertise of key personnel. If these individuals leave or change their roles
without effective replacements, operations may suffer; we may not be able to hire or retain additional qualified personnel and recruiting and compensation costs may increase as a result of turnover, both
of which may increase costs and reduce profitability and may adversely impact our ability to implement our business strategy; our accounting policies and processes are critical to how we report our
financial condition and results of operations. 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 disclosure controls and procedures may not prevent or detect all errors or acts of fraud; our financial
instruments carried at fair value expose us to certain market risks; our revenues derived from our investment securities may be volatile and subject to a variety of risks; we may enter into transactions
with off-balance sheet affiliates or our subsidiaries; and we are subject to market risk associated with our asset management and commercial paper conduit businesses. 	

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

3
Fourth Quarter Highlights
•
EPS loss of $0.64 reflects the continued challenging economic and credit environments
•
Solid capital position with estimated Tier 1 Common ratio of 7.65% and Tier 1 ratio of 12.90%
•
Deposit growth and positive shift in mix continued
•
Average earning assets and loan balances declined as client demand remained weak
•
Overall
revenue
and
noninterest
income
remained
cyclically
soft;
however,
margin
and
net
interest
income increased sequentially
•
Expenses continued to be well managed, while cyclical expenses continued to impact results
•
Credit losses and early stage delinquencies declined sequentially, while nonperforming loans were
stable compared to 3Q 2009
•
In addition to encouraging operating trends, we believe our focus on risk mitigation, efficiency, and
executing client driven initiatives will deliver steadily improving results as the operating environment
improves
I. HIGHLIGHTS	

4
5.83%
11.02%
8.02%
14.15%
$46.03
$28.15
4Q 2009
3Q 2009
2Q 2009
1Q 2009
Estimate
Actual                 Actual               Actual
Capital Ratios Remained Solid
Tier 1 Common Ratio
Tier 1 Capital Ratio
Tier
1
Capital
Ratio
(Excl
TARP)
1
Total Capital Ratio
Book Value per Share                          
Tangible Common Book Value
per Share       
Capital Ratios
II. CAPITAL
7.34%
12.23%
9.11%
15.31%
$36.16
$23.41
1.
TARP
preferred
included
in
Tier
1
ratio
contributes
an
estimated
3.40%
to
the
12/31/09
Tier
1
capital
ratio,
3.27%
at
9/30/09,
3.12%
at
6/30/09,
and
3.00% at 3/31/09
2.
Please refer to the appendix to this presentation for a reconcilement to the most directly comparable GAAP financial measure
7.49%
12.58%
9.31%
15.92%
$36.06
$23.35
7.65%
12.90%
9.50%
16.40%
$35.29
$22.59
2	

5
($ in millions, except per share data)
Results Reflect Continued Economic Pressures
Income Statement Highlights
III.
FINANCIAL
PERFORMANCE
Net Interest Income (FTE)
Provision for Credit Losses
Noninterest Income
Total Revenue (FTE)
Total Noninterest Expense
Total Noninterest Expense Excl Goodwill/Intangible Impairment
Charges
Other
Than
MSRs,
After
Tax
Pre-Tax Loss
Benefit for Income Taxes
Preferred Dividends
Gain on Redemption of Preferred Stock
Net Income/(Loss) Available to Common Shareholders
Net Income/(Loss) Available to Common Shareholders
Excluding
Goodwill
Charge
Other
Than
MSRs,
After
Tax
Net Income Per Average Common Diluted Share
Net Income Per Share Excl Goodwill Charge Other Than           
MSRs, After Tax
NM = Not Meaningful—those changes over 1000% or where results changed from positive to negative
% Change       % Change                     
% Change
4Q 2009       3Q 2009           4Q 2008          YTD 2009     
YTD 2008        
1.
Please refer to the appendix to this presentation for a reconcilement to the most directly comparable GAAP financial measure
$1,207
974
742
1,949
1,454                                                            
1,454                       
(511)
(263)
68                                        116%                                      
-
(316)
(316)
(0.64)
(0.64)        
$4,589
4,064
3,710
8,299
6,562                                
5,811                         
(2,462)
(899)
280                                
94
(1,733)
(1,019)
(3.98)
(2.34)        
3%
(14)%
(4)%
-
22%
22%
-
(100)%
16%
16%
16%
16%        
-
1%
3%
1%
22%
15%
NM
16%
16%
40%
40%        
( 3)%
64%
(17)%
(10)%
12%         
-
NM
NM
473%         
NM
NM
NM
NM
NM        
2%
(8)%
2%
(8)%
1
1
1	

6
($ in millions, quarterly average balances)
Balance Sheet Summary
Commercial
Real Estate Home Equity Lines
Real Estate Construction
Real Estate 1-4 Family
Real Estate Commercial
Consumer –
Direct
Consumer –
Indirect
Credit Card
Total
Loans
1
Noninterest-Bearing Deposits
NOW Accounts
Money Market Accounts
Savings
Consumer Time
Other Time
Total Consumer and Commercial Deposits       
Brokered and Foreign Deposits
Total Deposits
4Q 2009
3Q 2009
3Q 2009
4Q 2008
Annualized
% Change
III. FINANCIAL PERFORMANCE
1.
Excludes $7 billion of nonaccrual and restructured loans
Deposit Growth Continued and Mix Improved; Loan Demand Remained Weak
$32,707
15,420
4,753
27,383                              
15,357
5,072
6,636
996           
$108,324
$25,052                              
26,374        
34,318
3,814         
15,549      
11,901
117,008       
5,145       
$122,153
(8)%
(1)%
(12)%
(3)%
1%
0%
1%           
(4)%
10%        
6%
2%         
(7)%      
(9)%
2%       
(1)%       
2%
(31)%
(5)%
(12)%
2%
1%
2%           
(18)%
40%        
22%
9%         
(28)%      
(35)%
9%       
(4)%       
8%
(19)%
(2)%
(47)%
4%
1%
(3)%
0%           
(12)%
31%        
23%
10%         
(9)%      
(6)%
14%       
(59)%       
6%
2%
9%
20%
(49)%
(14)%
(12)%
(4)%	

7
U.S. Treasury
U.S. Agency
U.S. States and Subdivisions
MBS –
Agency
MBS –
Private
Corporate & Other
Other Equity
Total AFS
Higher Quality Securities Portfolio Increased Due To Strong Liquidity
4Q 2009                                3Q 2009            
$ Change
Securities Available for Sale
($ in millions, period end balances)
Securities Portfolio
III. FINANCIAL PERFORMANCE
$953
3,975
1,000
12,464
417
801
2,513
$22,123
$4,224
(1,237)
(55)
3,452
(10)
(4)
(16)
$6,354
$5,177
2,738
945
15,916
407
797
2,497
$28,477	

8
3.14%
2.87%
2.94%
3.10%
3.27%
4Q 2008
1Q 2009
2Q 2009
3Q 2009
4Q 2009
Margin Expanded 17 bps from 3Q 200 9
•
4Q margin expansion driven
primarily by improved deposit
pricing and funding mix, with
increased core deposits and
decreased higher cost funding
•
Expect margin to compress
slightly in 1Q due to Treasury
portfolio increase, FAS 167
consolidation of off balance
sheet assets, and a seasonal
decline in deposit volumes
Net Interest Margin
III. FINANCIAL PERFORMANCE	

9
($ in millions)
Provision Expense Declined Due to Lower Charge-Offs; ALLL Increased to 2.76%
Provision For Credit Losses
III. FINANCIAL PERFORMANCE
Provision for Credit Losses
Net Charge-offs
Net Charge-off Ratio
Net ALLL Increase
Allowance to Loan Ratio
2
$994
$610
1.97%
$384
2.21%              1.86%             
4Q 2009       3Q 2009         2Q 2009       1Q 2009        4Q
2008
$962
$552
1.72%
$410
$962
$801
2.59%
$161
2.37%             
$1,134
$1,006
3.33%
$128
2.61%             
1.  4Q 2009 includes $57 million in provision for unfunded commitments that increased the reserve to $115 million as of 12/31/09. This expense was
recorded in Other Expense in prior periods (see appendix for prior period amounts)
2.  Does not include $115 million in unfunded commitment reserves
$974
$821
2.83%
$96
2.76%
1	

10
2
3%
(11)%
267%
8%
Noninterest Income   
Net Adjustments
Adjusted Noninterest Income
Mortgage Repurchase Costs
Adjusted Noninterest Income
Excl Repurchase Costs
($ in millions)
1.  Adjustment detail included in appendix includes securities gains and losses
2.  Please
refer
to
the
appendix
to
this
presentation
for
a
reconcilement
to
the
most
directly
comparable
GAAP
financial
measure
Noninterest Income
III. FINANCIAL PERFORMANCE
%  Change      
4Q 2009      3Q 2009        4Q 2008        3Q 2009     4Q 2008
$742
30 
712
220
$932 
$775
(70)
845
136
$981 
$718
(86) 
804
60
$864 
(4)%
(16)%
62%
(5)% 
1
Noninterest Income Remained Cyclically Soft; $220 Million Impact from Mortgage Repurchase
Reserves in the Quarter

11
However, the vintage of new requests is
shifting
to
more
recent
production
2
…
...due to higher requests and a reduced
backlog
of
pending
requests.
1
…that has a lower risk profile.
Mortgage Repurchase Trends
0%
10%
20%
30%
40%
50%
60%
70%
1Q 2009
2Q 2009
3Q 2009
4Q 2009
2006 & Prior
2007
2008 & 2009
III. FINANCIAL PERFORMANCE
(143)
(105)
(64)
(25)
Actual Losses
$200
$123
$92
$93
Ending Balance
220
136
63
26
Estimated Losses
$123
$92
$93
$92
Beginning Balance
4Q 2009
3Q 2009
2Q 2009
1Q 2009
($ in millions)
Reserves and losses have increased…
95%
66%
68%
Full Doc
%
69%
759
0%
49%
2008 & 2009
77%
721
5%
24%
2007
74%
721
22%
27%
2006 & prior
Avg Orig
LTV %
Avg
FICO
Alt-A
%
Unpaid
Bal
%
1.
Indexed view of quarterly new repurchase requests and quarter-end pending request population with 4Q 2008 values equal to 100
2.
Percent of each quarter’s repurchase request by vintage; totals 100% each quarter
3.
Percent of outstanding unpaid balance by vintage; totals 100%
0
20
40
60
80
100
120
140
Q4 2008
Q1 2009
Q2 2009
Q3 2009
Q4 2009
New Requests (4Q 2008 = 100)
Pending Requests (4Q 2008 = 100)
3	

12
(8)%
(10)%
$(157)
(244)
39
24
(181)
$24          
Expense Results
Noninterest Expense
Net Adjustment
Adjusted Noninterest Expense
Expense Analysis
Total Adjusted Incr/(Decr)
Credit-Related Costs
FDIC                                                             
Pension                                                          
Subtotal of Expense Drivers
Net Expense
Controllable Expenses Well Managed; Impact of Economically Cyclical Expenses Declined
1.  Adjustment detail included in appendix
2.  Includes operating losses, credit and collections, other real estate expense, additions to mortgage re-insurance reserves but does not include additional personnel
expense related to credit administration or default management. Unfunded commitment reserve costs recorded in provision for credit losses beginning 4Q 2009
Change
4Q 2009             3Q 2009            4Q 2008
3Q 2009
4Q 2008
% 
($ in millions)
Noninterest Expense
III. FINANCIAL PERFORMANCE
$                       
Change
$1,429
33
$1,396
215
46
28
$1,454
38
$1,416
174
60
30
$1,586
13
$1,573
418
21
6
2%
1%
$20
(41)
14
2
(25)
$45                               
2
1	

13
Asset Quality Metrics
IV. RISK REVIEW
Overall, Asset Quality Trends Continued to Stabilize
1.
Excludes reserve for unfunded commitments of $115 million in 4Q 2009, $58 million in 3Q 2009 and $29 million in 2Q 2009
2.
Includes $57 million in additions to unfunded commitment reserves, recorded prospectively in provision expense beginning 4Q 2009
($ in millions)
4Q 2009
3Q 2009
2Q 2009
4Q09 vs
3Q09
3Q09 vs
2Q09
Total Loans at End of Period
$113,675
$116,488
$122,816
-$2,813
-$6,328
Allowance for Loans & Lease Losses
1
3,120
3,024
2,896
96
128
Net Charge-offs
821
1,006
801
-185
205
Provision Expense
2
974
1,134
962
-217
172
NPAs
6,101
6,095
6,165
7
-70
NPLs
to Total Loans
4.75%
4.67%
4.48%
0.08%
0.19%
NPAs
to Total Loans + OREO/OA
5.33%
5.20%
4.99%
0.13%
0.21%
ALLL to Loans
2.76%
2.61%
2.37%
0.15%
0.24%
NCOs (annualized to Average Loans)
2.83%
3.33%
2.59%
-0.50%
0.74%
30-89 Days Past Due
1.37%
1.52%
1.54%
-0.15%
-0.02%	

14
Loan Portfolio
IV. RISK REVIEW
1. Consumer -
Direct includes approximately $3 billion of federally guaranteed student loans
2.  Excluding student loans, total early stage delinquencies were 1.19% in 4Q 2009 and 1.37% in 3Q 2009
Charge-off and Delinquency Improvements Were Broad-Based
Balance
% of
Balance
% of
C/O Ratio
C/O Ratio
30-89 DLQ%
30-89 DLQ%
($ in millions)
12/31/2009
Portfolio
9/30/2009
Portfolio
4Q09
3Q09
4Q09
3Q09
Commercial
$32,494
29%
$33,492
29%
1.14%
2.15%
0.25%
0.43%
Commercial Real Estate
15,074
13%
15,294
13%
0.06%
0.51%
0.77%
0.84%
Consumer
-
Direct
1
5,118
4%
5,059
4%
0.96%
1.41%
5.09%
4.67%
Consumer -
Indirect
6,531
6%
6,564
6%
1.50%
1.50%
1.52%
1.51%
Credit Cards
1,068
1%
957
1%
8.51%
9.39%
3.09%
3.38%
Real Estate Home Equity Lines
15,953
14%
16,121
14%
3.91%
4.51%
1.36%
1.45%
Real
Estate
1-
4
Family
30,790
27%
31,623
27%
4.35%
4.92%
2.18%
2.23%
Real Estate Construction
6,647
6%
7,380
6%
11.38%
8.83%
1.09%
2.63%
Total
2
$113,675
100%
$116,488
100%
2.83%
3.33%
1.37%
1.52%	

15
1.  Excludes $55 million of mark-to-market loans held for sale in 4Q 2009 and $60 million in 3Q 2009
2.  Does not include nonaccruals
Residential Mortgages $30,790 million
Residential Mortgages
IV. RISK REVIEW
Continued Run-Off and Improvement in Credit Metrics in Higher Risk Portfolios
($ in millions)
Portfolio Profile
Credit Quality Metrics
Loan Type
12/31/09
Balance
9/30/09
Balance
12/31/2009           
$ Nonaccruals
1
9/30/2009         
$ Nonaccruals
1
12/31/09    
60+ DLQ
2
9/30/09    
60+ DLQ
2
Core Portfolio
$23,914
$24,216
$1,955
$1,855
1.82%
1.71%
Home Equity Loans
1,988
2,227
61
65
0.92
1.13
Prime 2
nd
2,904
3,065
90
96
2.47
2.83
Lot Loans
1,087
1,162
271
278
3.00
4.18
Alt-A 1
st
691
728
250
254
4.38
5.64
Alt-A 2
nd
206
225
34
38
7.93
8.30
Total
$30,790
$31,623
$2,661
$2,586
1.96%
2.01%
($ in millions)	

16
Home Equity Lines $15,953 million
1.  Excludes 3
rd
party originated
2.  Excludes 3rd party originated and Florida CLTV > 80%
3.  Excludes 3rd party originated, Florida CLTV>80% and CLTV
90+%
4.  Annualized quarterly rate
Portfolio Profile
Credit Quality Metrics
Type
12/31/09
Balance
% of
Total
9/30/09
Balance
4Q 09
Charge-off
4
%
3Q 09
Charge-off
4
%
4Q 09
Nonaccrual
%
3Q 09
Nonaccrual
%
3
rd
Party
Originated
$1,566
10%
$1,630
12.02%
12.56%
3.93%
4.04%
CLTV > 80%
1
(Florida)
1,789
11
1,839
8.84
9.97
3.63
3.18
CLTV > 90%
2
1,559
10
1,597
4.01
4.78
1.46
1.56
Core Portfolio
3
11,039
69
11,055
2.05
2.17
1.31
1.23
Total
$15,953
100%
$16,121
3.91%
4.51%
1.81%
1.74%
Home Equity Lines
IV. RISK REVIEW
Charge-offs Declined and Non-Accruals Remained Stable
($ in millions)	

17
1. Annualized fourth quarter net charge-off ratio
($ in millions)
Balance Decline Continued, Charge-offs Increased and Delinquencies Improved
Construction $6,647 million
Portfolio Profile
Credit Quality Metrics
Type
12/31/09
Balance
9/30/09
Balance
4Q 09
%
FL
4Q 09
C/O
1
%
$
NPLs
FL
NPLs
%
4Q 09
30 +
DLQ
3Q 09
30 +
DLQ
Construction Perm
$878
$1,029
26%
11.70%
$261
35%
5.44%
4.82%
Residential
Construction
1,161
1,373
30
15.72
429
40
1.45
5.51
Residential A&D
1,314
1,446
21
22.02
477
23
1.32
7.01
Residential Land
470
527
38
21.71
164
45
0.92
4.49
Commercial
Construction
1,893
2,016
19
0.87
84
45
0.62
1.30
Commercial A&D
456
471
21
3.89
35
14
0.57
3.67
Commercial Land
475
518
31
6.53
34
27
2.36
7.20
Total
$6,647
$7,380
24%
11.38%
$1,484
34%
1.68%
4.49%
IV. RISK REVIEW
Construction	

18
Allowance to Nonperforming Loan Review
ALLL Coverage of NPLs Increases to 113% When Adjusted for NPLs Previously Written Down and
Impaired Loans With Specific Reserve Allocations
IV. RISK REVIEW
($ in millions, period end balances)
COMMERCIAL IMPAIRED LOANS WITH SPECIFIC RESERVES

4Q 2009

4Q 09
4Q 09
Cumulative
Balance
FAS114 Reserve
Charge-Offs
Implied Severity
Corporate and Investment Banking
$196
$45
$103
49%
Commercial
970
145
205
30%
Wealth and Investment Management
21
4
18%
Commercial FAS 114 Portfolio
$1,187
$194
$308
34%
ALLL / NPL Coverage Ratio
22%
59%
113%
32%
Base ALLL/NPL
Coverage
1
Res Mtg
Previously
Written Down
2
Impaired CML Loans
With Specific Reserves
Adjusted ALLL/NPL
Coverage
1.
Base ALLL/NPL coverage ratio excludes $108 million in nonaccrual loans held at fair value
2.
Adjustments include reducing the denominator of the ratio for the carrying  value of residential mortgages previously written-down and those not requiring a write-
down (Appendix slide 26), and a $212 million reduction in the numerator for reserves attributed to these nonperforming loans for lower collateral values that have
occurred since the FFIEC write-down at 180 DPD.	

19
0
500
1,000
1,500
2,000
2,500
3,000
1Q 2009
2Q 2009
3Q 2009
4Q 2009
Accruing Restructured Loans
Nonaccruing Restructured Loans
TDR Trends
IV. RISK REVIEW
Pace of Mortgage Modifications Has Continued
$1,049
$1,477
$2,021
$2,553
($ in millions, period end balances)
$	

20
TDR Composition and Performance
IV. RISK REVIEW
Total TDRs
13
325
35
319
<1
6
120+ DPD
Accruing TDRs
Non-Accruing TDRs
Payment
Status
12/31/09
Balance
% of
Total
12/31/09
Balance
% of
Total
12/31/09
Balance
% of
Total
Current
$1,390
85%
$399
44%
$1,789
70%
30 DPD
125
8
83
9
208
8
60 DPD
77
5
67
7
144
6
90 DPD
43
3
45
5
88
3
Total
1
$1,641
100%
$912
100%
$2,553
100%
85% of Accruing TDRs are Current on Principal and Interest Payments and 70% of Total
TDRs are Current
($ in millions)
1. Totals may not foot due to rounding	

21
Credit Summary
IV. RISK REVIEW
•
Overall, asset quality continued to stabilize as evidenced by steady to improving trends in
key credit quality indicators
•
Net
charge-offs
and
early
stage
delinquencies
declined,
while
NPLs
and
NPAs
were
stable
•
Improvements in charge-offs and delinquencies were broad-based among the portfolios
•
The Allowance for Loan and Lease Losses increased to 2.76% of loans
•
Balances continued to decline and asset quality metrics continued to stabilize in our
highest risk residential real estate related portfolios
•
ALLL coverage of NPLs is 113% adjusted for Residential Mortgage NPLs that have been
through the write-down process and impaired Commercial Loans with specific FAS114
reserves
•
Pace of mortgage modifications continued in the quarter; 70% of total TDRs are current
•
Charge-offs are expected to increase in the first quarter but not to the level recorded in the
third quarter of 2009.  We expect that second quarter 2010 charge-offs will be in the same
range as in the first quarter, and we continue to expect second half 2010 improvement
dependent upon the strength and pace of economic recovery	

22
Appendix	

23
($ in millions)
Total Noninterest Income
Securities Gains/(Losses)
Fair
Market
Write-downs
–
Trading                   
STI Debt Valuation-Trading
Fair
Value
Write-downs
–
Mortgage
Production   
ARS
Reserve
-
Trading                
Litigation
Settlement
–
Other
Income
LOCOM
MSR
(Impairment)/Recovery
–
Mtg
Svcing
Net Adjustments
Adjusted Noninterest Income
Noninterest Income Reconciliation
V. APPENDIX
%                   %
Change        Change
4Q 2009     3Q 2009       4Q 2008        3Q 2009       4Q
2008
$742
73
(5)
(38)
(8)
(3)
-
11
30
$712
$718
411
(41)
(44)
(57)
(5)
20
(370)
(86)
$804
(4)%
(16)%
3%
(11)%
$775
47
14
(131)
(11)
11
-
-
(70)
$845	

24
Total Noninterest Expense
Net E
2
Nonrecurring
Visa Litigation Accrual
AHG Write-down (Other Expense)
Net Loss/(Gain) on Debt Extinguishment
Net Adjustments
Adjusted Noninterest Expense
Change
4Q 2009        3Q 2009        4Q 2008
3Q 2009
4Q 2008
%
($ in millions)
Noninterest Expense Reconciliation
V. APPENDIX
$1,454
-
-
14
24
38
$1,416
$1,429
-
-
31
2
33
$1,396
$1,586
11
(14)
16
-
13
$1,573
2%
1%
(8)%
(10)%	

25
Noninterest Income
Mortgage Repurchase Losses
FV MSR Hedging-Trading
FV MSR Hedging-Mortgage Servicing
Noninterest Expense
Unfunded Commitment Reserve (Other Exp)
Mortgage Reinsurance
Operating Losses
Credit & Collections
Other Real Estate
Total Credit-Related
Additional Noninterest Income and Expense Disclosures
V. APPENDIX
$
Change 
4Q 2009         3Q 2009        4Q 2008          3Q 2009
4Q 2008
($ in millions)
$(136)
(13)
13
29
10
18
69
88
$215
$(84)
13
(13)
(29)
-
8
7
(26)
$(41)
$(220)
-
-
-
10                              
26
76
62
$174
$(60)
-
-
3
100                              
236
44
35
$418
$(160)
-
-
(3)
(90)     
(210)
32
27
$(244)
1.  Unfunded commitment reserve expense of $57 million recorded in provision expense prospectively beginning in 4Q 2009
1	

26
nd
(As of 12/31/09, $ in millions)
1. Reserves have been established for residential mortgage loans that have not had specific write-downs as well as for incremental losses on loans carried at expected recoverable values
2. Nonaccruals not requiring write-downs include well-secured loans and loans with claims in process for individual and pool PMI policies
3. Excludes Home Equity nonaccruals of $61 million, $55 million of mark-to-market loans held for sale and $78 million of residential real estate loans managed on commercial  system
Nonaccruals that have been through the specific
write-down process
Loan
Type
Balance
before
write-
down
-
Amount  
of write-
down
=
Non     
accruals with               accruals not
write-down
+
Non  
requiring
write-down
+
Non 
accruals
without   
specific
write-down  
=
Total
Non 
accruals
% Loss
Severity
Core
Portfolio
$1,354
$(440)
$914
$317
$646
$1,877
26.4%
Prime 2
378
(378)
--
90
--
90
--
Lot
Loans
360
(196)
164
55
52
271
47.2%
Alt-A 1
165
(51)
114
40
96
250
24.7%  
Alt-A 2
116
(103)
13
--
21
34
89.1%
Total
$2,373
$(1,168)
$1,205
$502
$815
$2,522
Residential Mortgages
Nonaccrual Balances Increased, but 68% of Nonaccruals Have Been Through the Write-Down
Process
(1)
V. APPENDIX
nd
st
2
3	

27
Off-Balance Sheet Consolidation
Minimal Pro Forma Estimated Impact of Consolidation of Three Pillars Conduit and a $293 Million
Collateralized Loan Obligation Vehicle
V. APPENDIX
1. $293 fair value elected
2. $274 fair value elected
(Pro Forma as of 12/31/09, $ in millions)
Net Impacts
from
Current
Consolidation
Pro Forma
Total
loans
held
for
sale
1
4,670
$   
293
$      
4,963
$   
Total loans
113,675
$
1,722
$   
115,397
$
Allowance
(3,120)
$  
(1)
$         
(3,121)
$  
Net loans
110,555
$
1,721
$   
112,276
$
Short term debt
2,062
$   
1,750
$   
3,812
$   
Total
long
term
debt
2
17,490
$ 
274
$      
17,763
$ 
Pro forma annual decrease in investment banking income
(40)
$       
Pro forma annual increase in net interest income
40
$        
Pro forma annual decrease in net interest margin
(1)
bp
Pro forma annual risk weighted assets increase
2,014
$   
Pro forma annual decrease in Tier 1 Common
(10)
bp	

28
V. APPENDIX
($ in thousands, except per share data)
Reconciliation of Non GAAP Measures
December 31
September 30
June 30
March 31
2009
2009
2009
2009
Total shareholders' equity               
$22,530,855
$22,908,284
$22,953,158
$21,645,626
Goodwill, net of deferred taxes                    
(6,204,415)
(6,204,954)
(6,213,243)
(6,224,610)
Other intangible assets including MSRs, net of deferred taxes
(1,671,055)
(1,559,765)
(1,468,209)
(1,049,155)
MSRs
1,539,382
1,422,716
1,322,322
894,797
Tangible equity             
16,194,767
16,566,281
16,594,028
15,266,658
Preferred stock
(4,917,312)
(4,911,416)
(4,918,863)
(5,227,357)
Tangible common equity
$11,277,455
$11,654,865
$11,675,165
$10,039,301
Total assets                
$174,164,735
$172,717,747
$176,734,971
$179,116,402
Goodwill                
(6,319,078)
(6,314,382)
(6,314,382)
(6,309,431)
Other intangible assets including MSRs
(1,711,299)
(1,604,136)
(1,517,483)
(1,103,333)
MSRs
1,539,382
1,422,716
1,322,322
894,797
Tangible assets                
$167,673,740
$166,221,945
$170,225,428
$172,598,435
Tangible equity to tangible assets             
9.66
%
9.96
%
9.75
%
8.85
Tangible book value per common share
$22.59
$23.35
$23.41
$28.15
Three Months Ended
%	

29
V. APPENDIX
Reconciliation of Non GAAP Measures
($ in thousands, except per share data)
December 31
September 30
December 31
December 31
December 31
2009
2009
2008
2009
2008
Total noninterest expense
$1,453,566
$1,428,847
$1,586,153
$6,562,408
$5,879,023
Goodwill/intangible impairment charges other than MSRs
-
-
-
751,156
45,000
Total noninterest expense excluding goodwill/intangible impairment charges other than MSRs
$1,453,566
$1,428,847
$1,586,153
$5,811,252
$5,834,023
Net income/(loss)
($248,115)
($316,941)
($347,587)
($1,563,683)
$795,774
Goodwill/intangible impairment charges other than MSRs, after tax
-
-
-
723,853
27,281
Net income/(loss) excluding goodwill/intangible
impairment charges other than MSRs, after tax
($248,115)
($316,941)
($347,587)
($839,830)
$823,055
Net income/(loss) available to common shareholders
($316,424)
($377,144)
($374,938)
($1,733,377)
$740,982
Goodwill/intangible impairment charges other than MSRs
attributable to
common shareholders, after tax
-
-
-
714,824
27,006
Net income/(loss) available to common shareholders excluding goodwill/intangible
impairment charges other than MSRs, after tax
($316,424)
($377,144)
($374,938)
($1,018,553)
$767,988
Net income/(loss) per average common share, diluted
($0.64)
($0.76)
($1.07)
($3.98)
$2.12
Impact of excluding goodwill/intangible impairment charges other
than MSRs
attributable
to common shareholders, after tax
-
-
-
1.64
0.07
Net income/(loss) per average diluted common share, excluding goodwill/intangible
impairment charges other than MSRs, after tax
($0.64)
($0.76)
($1.07)
($2.34)
$2.19
Net income/(loss)       
($248,115)
($316,941)
($347,587)
($1,563,683)
$795,774
Preferred dividends, Series A
(1,745)
(1,763)
(5,055)
(14,143)
(22,255)
U.S. Treasury preferred dividends and accretion of discount
(66,522)
(66,439)
(26,579)
(265,786)
(26,579)
Dividends and undistributed earnings allocated to unvested shares
(42)
3,106
4,283
15,917
(5,958)
Gain on purchase of Series A preferred stock
-
4,893
-
94,318
-
Net income/(loss) available to common shareholders
($316,424)
($377,144)
($374,938)
($1,733,377)
$740,982
Three Months Ended
Twelve Months Ended