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) July 19, 2007
SunTrust Banks, Inc.
(Exact name of registrant as specified in its charter)

Georgia	 	001-08918	 	58-1575035	
(State or other jurisdiction
of incorporation)	 	(Commission
File Number)	 	(IRS Employer
Identification No.)	

303 Peachtree St., N.E., Atlanta, Georgia	 	30308	
(Address of principal executive offices)	 	(Zip Code)	
Registrant’s telephone number, including area code (404) 588-7711
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)	
 
¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)	
 
¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))	
 
¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))	

 
Item 2.02 Results of Operations and Financial Condition.
 
Item 7.01 Regulation FD Disclosure.
The following information is furnished pursuant to Item 2.02, “Results of Operations and Financial Condition” and Item 7.01, “Regulation FD Disclosure”. Consequently, it is not deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section. It may only be incorporated by reference in another filing under the Exchange Act or Securities Act of 1933 if such subsequent filing specifically references this Form 8-K.
On July 19, 2007, SunTrust Banks, Inc. (the “Registrant”) announced financial results for the second quarter ended June 30, 2007. A copy of the news release announcing the Registrant’s results for the second quarter ended June 30, 2007 is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
The Registrant intends to hold an investor call and webcast to discuss financial results for the second quarter ended June 30, 2007 on July 19, 2007, at 8:00 a.m. Eastern time. Additional presentation materials relating to such call are attached hereto as Exhibit 99.2 and are incorporated herein by reference.
All information in the news release and the presentation materials speak as of the date thereof and the Registrant does not assume any obligation to update said information in the future. In addition, the Registrant disclaims any inference regarding the materiality of such information which otherwise may arise as a result of its furnishing such information under Item 2.02 and/or   Item 7.01 of this report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits

		
99.1	  	News release dated July 19, 2007 (furnished with the Commission as a part of this Form 8-K).	
		
99.2	  	Presentation materials dated July 19, 2007 (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: July 19, 2007.	 	 	 	By:	 	/s/ Thomas E. Panther	
 	 	 	 	 	 	Thomas E. Panther,	
 	 	 	 	 	 	Senior Vice President and Controller	
  
Exhibit 99.1

	 	News Release	

Contact:	  		
Investors	  	Media	
Greg Ketron	  	Barry Koling	
(404) 827-6714	  	(404) 230-5268	
For Immediate Release
July 19, 2007
SunTrust Second Quarter 2007 Earnings Reflect Positive Impact of
Shareholder Value Initiatives

Efficiency and Productivity Initiatives and Balance Sheet Management Strategies Contribute to
Earnings Per Share of $1.89; Includes $0.41 Per Share Gain on Partial Sale of The Coca-Cola
Company Stock
ATLANTA— SunTrust Banks, Inc. (NYSE: STI) today reported net income available to common shareholders for the second quarter of 2007 of $673.9 million compared to $544.0 million in the second quarter of 2006. Net income per average common diluted share was $1.89 compared to $1.49 in the second quarter of 2006. The results included a $145.6 million after-tax gain on sale of 4.5 million shares, or 9%, of the Company’s common stock holdings of The Coca-Cola Company (Coke). Excluding the gain on sale of Coke stock, net income available to common shareholders was $528.3 million, or $1.48 per average common diluted share, for the second quarter of 2007.
“We are pleased to report that our intensified and continuing focus on driving shareholder value contributed significantly to the Company’s performance in the second quarter,” said James M. Wells III, President and Chief Executive Officer of SunTrust. Mr. Wells noted that the shareholder value initiatives helped deliver positive operating leverage for the quarter, with solid revenue growth and strong expense management helping to offset the impact of higher credit costs.
The Company’s initiatives to drive shareholder value announced during the first half of this year include the E 2 Efficiency and Productivity Program and balance sheet and capital management strategies. The E 2 Efficiency and Productivity Program initiatives produced $51.8 million in cost savings for the second quarter of 2007, bringing the year-to-date cost savings to $80.6 million. The cost savings to date have primarily come from supplier management, offshoring/outsourcing, and process reengineering-related initiatives. Additional initiatives are either being implemented or are under review, and the expectation is that the program will produce $181 million in cost savings for the full year of 2007, $350 million in 2008, and $530 million in 2009, representing over 10% of the Company’s current full-year expense base.
The balance sheet and capital management strategies initiated in the first half of this year have resulted in selling or replacing lower-yielding investment securities and mortgage loans with higher-yielding assets, de-levering the balance sheet, and using the resulting capital flexibility to repurchase shares through an accelerated share repurchase program and open-market purchases, which together totaled over $850 million in the second quarter. The Company’s capital management strategies also included the partial liquidation of the Coke holdings during the second quarter and the evaluation of alternatives for the remaining 43.7 million shares.
Several of the Company’s key financial performance measures improved as a result of these initiatives, as the return on assets and equity, net interest margin, and the efficiency ratio improved in the second quarter from the first quarter of 2007.

Second Quarter 2007 Consolidated Highlights

   	  	2 nd  Quarter
2007	  	2 nd  Quarter
2006	  	%
Change	 	
 			 	
Income Statement	  		  		  		 	
(Dollars in millions, except per share data)	  		  		  		 	
Net income available to common shareholders	  	$673.9	  	$544.0	  	24	%	
Net income available to common shareholders excluding Coke gain	  	528.3	  	544.0	  	(3	)%	
Net income per average common diluted share	  	1.89	  	1.49	  	27	%	
Net income per average common diluted share excluding Coke gain	  	1.48	  	1.49	  	(1	)%	
Revenue – fully taxable-equivalent	  	2,374.6	  	2,065.4	  	15	%	
Revenue – fully taxable-equivalent excluding Coke gain	  	2,139.8	  	2,065.4	  	4	%	
Provision for loan losses	  	104.7	  	51.8	  	102	%	
Noninterest income	  	1,154.6	  	875.4	  	32	%	
Noninterest income excluding Coke gain	  	919.8	  	875.4	  	5	%	
Noninterest expense	  	1,251.2	  	1,214.1	  	3	%	
Net interest margin	  	3.10%	  	3.00%	  		 	
Efficiency ratio	  	52.69%	  	58.78%	  		 	
Efficiency ratio excluding Coke gain	  	58.47%	  	58.78%	  		 	
 			 	
Balance Sheet	  		  		  		 	
(Dollars in billions)	  		  		  		 	
Average loans	  	$118.2	  	$120.1	  	(2	)%	
Average consumer and commercial deposits	  	97.9	  	97.2	  	1	%	
 			 	
Capital
Tier 1 capital ratio (1)
Total average shareholders’ equity to total average assets
Tangible equity to tangible assets	  	7.5%
9.96%
5.85%	  	7.31%
9.57%
5.81%	  		 	
 			 	
Asset Quality
Net charge-offs to average loans (annualized)
Nonperforming loans to total loans	  	0.30%
0.64%	  	0.10%
0.27%	  		 	
 			 	
(1)  Current period Tier 1 capital ratio is estimated as of the earnings release date.	  	 	  	 	  	 	 	
 
•	 	Net income available to common shareholders increased 24% and net income per average common diluted share increased 27% from the second quarter of 2006, due to a $145.6 million after-tax gain on sale of Coke stock. Excluding this gain, net income available to common shareholders decreased 3% and net income per average common diluted share decreased 1% from the second quarter of 2006 as fully taxable-equivalent revenue growth outpaced expense growth; however, this net growth was not enough to offset the $52.9 million, or 102%, increase in provision for loan losses.	
•	 	Fully taxable-equivalent revenue increased 15% from the second quarter of 2006. Excluding the gain on sale of Coke stock, fully taxable-equivalent revenue increased 4% due to a 3% increase in fully taxable-equivalent net interest income and noninterest income growth of 5%. On a sequential annualized basis, excluding the gain on sale of Coke stock, fully taxable-equivalent revenue increased 14% from the first quarter of 2007.	
•	 	Fully taxable-equivalent net interest income increased 3% from the second quarter of 2006. Net interest margin for the second quarter of 2007 was 3.10%, a 10 basis point improvement from the second quarter of 2006. Compared to the first quarter of 2007, fully taxable-equivalent net interest income improved 11% on a sequential annualized basis and net interest margin improved 8 basis points. The increase in fully taxable-equivalent net interest income and net interest margin were largely the result of the balance sheet management strategies executed in the first and second quarters of 2007.	
•	 	Noninterest income growth from the second quarter of 2006 occurred across several categories, including increases in service charges on deposit accounts, retail investment services income, other charges and fees, card fees, mortgage production and servicing income, and other noninterest income, mainly due to gains generated on private equity investments and structured leasing transactions.	
 
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•	 	Noninterest expense increased 3% from the second quarter of 2006 due in part to the Company’s election to record certain newly-originated mortgage loans held-for-sale at fair value during the second quarter of 2007. This election resulted in a $12.4 million increase in compensation expense as origination costs associated with these loans are no longer deferred. Expense growth during the quarter was also affected by the reversal of a leverage leasing-related reserve in the second quarter of 2006 that reduced noninterest expense by $10.9 million in that period. Excluding the impact of these two items, expense growth was only 1%.	
•	 	The efficiency ratio benefited from the positive operating leverage generated in the second quarter of 2007. The efficiency ratio was 52.69% for the second quarter of 2007; excluding the gain on sale of Coke stock, it was 58.47%. Both ratios reflect improvement from the second quarter of 2006 and first quarter of 2007.	
•	 	Total average loans decreased 2% and total average consumer and commercial deposits increased 1% from the second quarter of 2006. The decline in loans was due to approximately $10 billion of loan sales associated with specific balance sheet management strategies that began in the second quarter of 2006 and were accelerated in the first half of 2007. Average consumer and commercial deposit growth was driven mainly by NOW account and consumer and other time deposit growth.	
•	 	The tier 1 capital and tangible equity to tangible asset ratios increased as the Company took steps to improve these ratios over the past year, the most significant of which was the capital restructuring program executed in the second-half of 2006. The tier 1 capital ratio improved an estimated 19 basis points from June 30, 2006, to approximately 7.5% as of June 30, 2007, and the tangible equity to tangible asset ratio improved 4 basis points to 5.85% over the same period. The balance sheet management strategies executed in the first half of 2007 provided the Company enough flexibility to repurchase approximately $850 million, or 8.7 million shares, of common stock through an accelerated share repurchase agreement and open market purchases and still improve its capital ratios.	
•	 	Annualized net charge-offs were 0.30% of average loans for the second quarter of 2007, up from 0.10% of average loans in the second quarter of 2006 and 0.21% of average loans in the first quarter of 2007. The increase reflects the normalization of the credit cycle from the historically low net charge-offs experienced in the first half of 2006 in addition to the negative impact from deterioration in certain segments of the consumer real estate market. The increase in net charge-offs was most pronounced in the commercial, home equity, and residential mortgage categories.	
•	 	Nonperforming loans to total loans increased to 0.64% as of June 30, 2007, from 0.27% as of June 30, 2006, due mainly to an increase in residential mortgage nonperforming loans. The increase has been driven by the maturation of this portfolio and the deterioration of the credit quality in Alternative A (“Alt-A”) mortgage loans.	
CONSOLIDATED FINANCIAL PERFORMANCE
Revenue
Fully taxable-equivalent revenue was $2,374.6 million for the second quarter of 2007, up 15% from the second quarter of 2006. Excluding the gain on Coke stock, fully taxable-equivalent revenue increased 4% driven by growth in both net interest income and noninterest income. On a sequential annualized basis, excluding the gain on sale of Coke stock, fully taxable-equivalent revenue increased 14% from the first quarter of 2007.
For the six months ended June 30, 2007, fully taxable-equivalent revenue was $4,441.8 million, up 8% from the same period in 2006. Excluding the gain on Coke stock, fully taxable-equivalent revenue was up 2% from the six months ended June 30, 2006, also driven by growth in both net interest income and noninterest income.
Net Interest Income
Fully taxable-equivalent net interest income was $1,220.0 million in the second quarter of 2007, an increase of 3% from the second quarter of 2006. Net interest margin for the second quarter of 2007 was 3.10%, a 10 basis point improvement from the second quarter of 2006. On a sequential annualized basis,
 
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fully taxable-equivalent net interest income improved 11% from the first quarter of 2007. Net interest margin increased 8 basis points from the first quarter of 2007 marking the second consecutive 8 basis point sequential quarter improvement. The increases in both fully taxable-equivalent net interest income and net interest margin were driven mainly by the balance sheet management strategies executed in the first half of this year, which has resulted in improved yields on earning assets, as well as de-levering the balance sheet and reducing the level of higher-cost wholesale funding. Average earning asset yields increased 5 basis points compared to the first quarter of 2007, while average interest bearing liability costs remained flat.
For the six months ended June 30, 2007, fully taxable-equivalent net interest income was $2,408.2 million, up 1% from the same period in 2006 while the net interest margin remained flat at 3.06% for the six months ended June 30, 2007 and 2006. The stable fully taxable-equivalent net interest income and net interest margin over this period is mainly attributable to the balance sheet management strategies executed this year.
Noninterest Income
Total noninterest income was $1,154.6 million for the second quarter of 2007, up 32% from the second quarter of 2006 driven in large part by the $234.8 million gain on sale of Coke stock. Noninterest income excluding the Coke stock gain increased 5%. The increase was driven by growth in several areas, including retail investment services, card fees, mortgage production and servicing-related income, and other noninterest income. Growth in retail investment services income was driven by strong annuity sales. Card fee growth was due to higher interchange fees. Mortgage production fee growth was driven by record mortgage production in the second quarter of nearly $18 billion, a 20% increase over the second quarter of 2006, nearly $3 billion of portfolio loans sold in the second quarter of 2007, and the election in the second quarter to record certain newly-originated mortgage loans held-for-sale at fair value under the provisions of SFAS 159, thereby alleviating the burdens and complexities of qualifying for hedge accounting on the mortgage warehouse. This election impacts the timing of recognition of origination fees and costs, as well as servicing value. Specifically, origination fees and costs, which had been deferred and recognized as part of the gain/loss on sale of the loan, are now recognized in earnings at time of origination. The servicing value, which had been recorded at the time the loan was sold, is now included in the fair value of the loan and recognized at origination. Mortgage servicing income increased primarily due to higher servicing fee income derived from a larger serving portfolio, partially offset by lower gains from servicing asset sales. The increase in other noninterest income was due mainly to gains generated on private equity investments and structured leasing transactions, including a $23.4 million gain on one private equity investment transaction. Net of related expenses, the pre-tax impact on income from the transaction totaled $19.3 million, or $12.0 million after-tax. Negatively impacting noninterest income was a decline in trading income due to negative market value adjustments on assets and liabilities carried at fair value, as well as a decline in trust income due to the merger of Lighthouse Partners into Lighthouse Investment Partners in the first quarter of 2007 and the sale of the corporate bond trustee business in the third quarter of 2006.
On a sequential annualized basis excluding the Coke stock gain, noninterest income increased 19% from the first quarter of 2007 due to similar reasons noted previously for the growth over the second quarter of 2006. In addition, strong growth occurred in investment banking income led by an increase in securitization fees. Other items of note were an $11.6 million gain on the sale of servicing rights that accounted for the increase in mortgage servicing-related income over the first quarter of 2007, as well as the impact of the fair value adoption in the first quarter on trading income and mortgage production-related income. This explains a majority of the variance in these two categories on a sequential annualized basis as trading income was positively impacted and mortgage production-related income was negatively impacted by the fair value adoption in the first quarter.
For the six months ended June 30, 2007, noninterest income was $2,033.5 million, an increase of 18% from the same period in 2006. Excluding the gain on Coke stock, noninterest income increased 4% compared to the six months ended June 30, 2006. The factors contributing to the growth were similar to those noted for the growth over the same quarter of last year and on a sequential annualized basis.
 
4

Noninterest Expense
Total noninterest expense in the second quarter of 2007 was $1,251.2 million, up 3% from the second quarter of 2006. The second quarter of 2007 expense level included the impact of the Company’s election to record certain newly-originated mortgage loans held-for-sale at fair value. Under this election, costs associated with the origination of mortgage loans held-for-sale are recognized as a component of compensation expense when the loan is originated. Prior to election, these costs were deferred and recognized as part of the gain/loss on sale of the loan. The impact of this election was to increase compensation expense by $12.4 million in the quarter. Also impacting the rate of expense growth was the reversal of a leverage lease-related reserve in the second quarter of 2006 that reduced noninterest expense by $10.9 million. Excluding the impact of these two items, expense growth was only 1%, demonstrating the impact the E 2 initiatives had on controlling expense growth. The initiatives generated $51.8 million of cost saves in the second quarter of 2007. Initial implementation costs associated with the E 2 initiatives totaled $12.4 million in the second quarter of 2007 and were offset by E 2 -related corporate real estate gains of $13.2 million in the quarter. On a sequential annualized basis, taking into account the impact of electing to record certain newly-originated mortgage loans held-for-sale at fair value, initial implementation costs associated with the E 2 initiative, and E 2 -related corporate real estate gains, expense growth was a modest 4%.
For the six months ended June 30, 2007, noninterest expense was $2,487.2 million, an increase of 2% compared to the same period in 2006. This increase was driven by initial implementation costs associated with E 2 initiatives totaling $26.2 million in 2007, partially offset by corporate real estate gains of $17.4 million, as well as the $12.4 million of compensation expense associated with electing to record certain newly-originated mortgage loans held-for-sale at fair value and the benefit of the leverage lease-related reserve reversal in 2006. Taking these items into account, expense growth was only 1% compared to the six months ended June 30, 2006. The E 2 initiatives have generated $80.6 million in cost savings for the six months ended June 30, 2007.
Balance Sheet
As of June 30, 2007, SunTrust had total assets of $180.3 billion. Shareholders’ equity of $17.4 billion as of June 30, 2007, represented 10% of total assets. Book value per common share was $48.33 as of June 30, 2007.
Loans
Average loans for the second quarter of 2007 were $118.2 billion, down nearly $2 billion, or 2%, from the second quarter of 2006. The decline was due to balance sheet management strategies implemented since the second quarter of 2006 and accelerated in the first half of 2007. The strategies resulted in the sale of nearly $10 billion in loans over the past year, which included the sale of approximately $5.9 billion in mortgage loans, $1.8 billion in student loans, and $1.9 billion in corporate loans. Average loans were down $3.4 billion from the first quarter of 2007 due to $4.1 billion in mortgages moved to loans held-for-sale late in the first quarter and $1.9 billion of corporate loans sold in March. Taking into account the loan sales, the Company had underlying loan growth across most categories.
Deposits
Average consumer and commercial deposits for the second quarter of 2007 were $97.9 billion, up 1% from the second quarter of 2006. The increase in deposits was driven by growth in NOW accounts and consumer and other time deposits. The growth in these categories was offset by declines in demand deposit, money market, and savings account balances. Given market conditions and the higher-rate environment, customer preference has been for higher-yielding products. This demand has driven the continuation of the deposit mix shift away from lower-rate products, such as demand deposits, toward higher-rate products, such as time deposits or other alternative investment products with higher returns. The alternative investment products include securities sold under agreement to repurchase and off-balance sheet products,
 
5

such as STI Classic money market mutual funds. Total brokered and foreign deposits declined 12% from the second quarter of 2006, as the Company strategically reduced the size of its loan and securities portfolios thereby reducing reliance on these higher cost funding sources.
On a sequential annualized basis, average consumer and commercial deposits increased 1% from the first quarter of 2007, driven by an 8% sequential annualized increase in demand deposits. The Company continues to pursue deposit growth initiatives, as well as increasing our presence in specific markets within our footprint.
Capital
The tier 1 capital and tangible equity to tangible asset ratios increased as the Company took steps to improve these ratios over the past year, the most significant of which was the capital restructuring program executed in the second-half of 2006. The tier 1 capital ratio improved an estimated 19 basis points from June 30, 2006, to approximately 7.5% as of June 30, 2007, and the tangible equity to tangible asset ratio improved 4 basis points to 5.85% over the same period. Given the flexibility gained through the balance sheet management strategies executed in the first half of 2007, the Company repurchased 8.7 million shares of common stock for approximately $850 million through an accelerated share repurchase agreement and open-market purchases during the second quarter. Under the terms of the accelerated share repurchase agreement, which resulted in the repurchase of 8.0 million shares in the second quarter, the Company may receive up to 1.7 million additional shares at the expiration of the agreement’s term, which is now expected to occur in late August of 2007, without additional payment. The number of additional shares will be based on the weighted average share price of SunTrust common stock between now and the expiration date.
Asset Quality
Annualized net charge-offs in the second quarter of 2007 were 0.30% of average loans, up from 0.10% in the second quarter of 2006 and 0.21% in the first quarter of 2007. Net charge-offs were $88.3 million in the second quarter of 2007 compared to $29.1 million in the second quarter of 2006 and $62.9 million in the first quarter of 2007. The increase in net charge-offs over the second quarter of 2006 reflects the normalization in the credit cycle from historically low net charge-offs experienced in the first half of 2006 in addition to the negative impact from deterioration in certain segments of the consumer real estate market. The increase in net charge-offs from both the second quarter of 2006 and first quarter of 2007 was most pronounced in the commercial, home equity, and residential mortgage categories.
Nonperforming loans were $764.6 million, or 0.64% of total loans as of June 30, 2007, compared to $327.3 million, or 0.27% of total loans as of June 30, 2006, and $665.1 million, or 0.57% of total loans as of March 31, 2007. The increase in nonperforming loans compared to both periods was mainly due to an increase in residential mortgage nonperforming loans. The increase in residential mortgage nonperforming loans was driven by the maturation of this portfolio and the deterioration of credit quality in Alt-A mortgage loans, of which the majority is well-collateralized or insured.
The allowance for loan and lease losses increased $16.4 million from March 31, 2007, to $1,050.4 million as of June 30, 2007. The increase in the allowance for loan and lease losses was mainly attributable to a $1.9 billion increase in period-end loans compared to March 31, 2007, and the deterioration in certain segments of the consumer real estate market, and resulted in a $48.2 million increase in provision for loan losses compared to the first quarter of 2007. The allowance for loan and lease losses as of June 30, 2007, represented 0.88% of period-end loans consistent with March 31, 2007. The allowance for loan and lease losses as of June 30, 2007, represented 137% of period-end nonperforming loans.
 
6

LINE OF BUSINESS FINANCIAL PERFORMANCE
The following discussion details results for SunTrust’s five business lines: Retail, Commercial, Corporate and Investment Banking, Mortgage and Wealth and Investment Management. All revenue is reported on a fully taxable-equivalent basis. For the lines of business, results include net interest income which is computed using matched-maturity funds transfer pricing. Further, provision expense 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 expense associated with operational and support expense allocations. This segment also includes differences created between internal management accounting practices and generally accepted accounting principles, certain matched-maturity funds transfer pricing credits and charges, differences in provision expense compared to net charge-offs, as well as equity and its related impact.
Retail
							
preliminary data
(in millions)	  	2nd Quarter
2007	  	2nd Quarter
2006	  	%
Change	
Net income	  	$158.9	  	$184.0	  	(14) %	
 			 	
Revenue - fully taxable-equivalent	  	848.2	  	856.3	  	(1)    	
 			 	
Average total loans	  	31,579.1	  	30,437.9	  	4     	
 			 	
Average total deposits	  	68,743.8	  	69,539.7	  	(1)    	
Three Months Ended June 30, 2007 vs. 2006
Retail’s net income for the second quarter of 2007 was $158.9 million, a decrease of $25.0 million, or 14%, compared to the second quarter of 2006. The decrease was primarily the result of lower net interest income and higher net charge-offs partially offset by higher noninterest income.
Net interest income decreased $10.0 million, or 2%, driven by the continued shift in deposit mix to higher-rate deposit products and a $795.9 million, or 1%, decline in average deposits. Specifically, increases in higher-cost time deposits and certain NOW account products were more than offset by declines in lower-cost money market and demand deposit balances, as customer preference continues to favor higher-yielding deposit products. Net interest income was also negatively impacted by a $1.2 billion, or 68%, decrease in average loans held-for-sale, as Retail has strategically decreased exposure in relatively low spread, third-party student loans. Positively impacting net interest income was a $1.1 billion, or 4%, increase in average loans driven by growth in home equity, business banking, and newly-originated student loans. These increases were partially offset by a decrease in indirect auto loans.
Provision for loan losses increased $29.7 million reflecting normalization of the credit cycle from historically low net charge-offs experienced in the first half of 2006 in addition to the negative impact from deterioration in certain segments of the consumer real estate market. The increase compared to the second quarter of 2006 was most pronounced in home equity products.
Total noninterest income increased $1.9 million, or 1%, from the second quarter of 2006. This increase was driven primarily by increases in interchange income driven by higher transaction volume and increases in service charges on deposit accounts due to higher collection rates. These increases were partially offset by a decrease in gains on sales of student loans.
Total noninterest expense increased $2.6 million, or 1%, from the second quarter of 2006. Increases in personnel expense related to investments in the branch distribution network and business banking were partially offset by a decrease in amortization of core deposit intangibles.
 
7

Six Months Ended June 30, 2007 vs. 2006
Retail’s net income for the six months ended June 30, 2007, was $320.1 million, a decrease of $34.7 million, or 10%, compared to the same period in 2006. The decrease was primarily the result of lower net interest income and higher net charge-offs.
Net interest income decreased $9.1 million, or 1%, driven by the continued shift in deposit mix to higher-rate deposit products. Average deposits increased $630.7 million, or 1%, as increases in higher-cost time deposits and certain NOW account products were partially offset by declines in lower-cost money market and demand deposit balances, as customer preference continues to favor higher-yielding deposit products. Net interest income was also negatively impacted by a $1.0 billion, or 58%, decrease in average loans held-for-sale, as Retail has strategically decreased exposure in relatively low spread, third-party student loans. Positively impacting net interest income was a $569.9 million, or 2%, increase in average loans driven by growth in home equity and business banking loans. These increases were partially offset by a decrease in indirect auto and student loans.
Provision for loan losses increased $55.0 million reflecting normalization of the credit cycle from historically low net charge-offs experienced in the first half of 2006 in addition to the negative impact from deterioration in certain segments of the consumer real estate market. The increase compared to the first half of 2006 was most pronounced in home equity products.
Total noninterest income increased $3.4 million, or 1%. This increase was driven primarily by increases in interchange income driven by higher transaction volume and increases in service charges on deposit accounts due to higher collection rates. These increases were partially offset by a decrease in gains on sales of student loans.
Total noninterest expense decreased $4.8 million, or less than 1%. Decreases in amortization of core deposit intangibles, new loan production expense, and shared corporate expenses were partially offset by an increase in personnel expense related to investments in the branch distribution network and business  banking.
Commercial
							
preliminary data
(in millions)	  	2nd Quarter
2007	  	2nd Quarter
2006	  	%
Change	
Net income	  	$100.6	  	$107.1	  	(6) %	
 			 	
Revenue - fully taxable-equivalent	  	303.7	  	312.8	  	(3)    	
 			 	
Average total loans	  	33,258.5	  	32,821.8	  	1     	
 			 	
Average total deposits	  	14,275.6	  	13,641.3	  	5     	
Three Months Ended June 30, 2007 vs. 2006
Commercial’s net income for the second quarter of 2007 was $100.6 million, a decrease of $6.5 million, or 6%. The decrease was primarily driven by lower net interest income partially offset by higher noninterest income.
Net interest income decreased $12.6 million, or 5%, as the continued shift in deposit mix to higher-rate products decreased net interest income $11.4 million. The compression in deposit spreads was primarily due to a decrease in demand deposits, as customers redeployed liquidity in the current rate environment to higher-yielding NOW account and off-balance sheet sweep products. Total average deposits increased $634.2 million, or 5%, as increases in institutional and government deposits were partially offset by decreases in lower-cost demand deposits and money market accounts. Average loans increased $436.7 million, or 1%, resulting in a $0.6 million increase in net interest income. The average loan growth was most prominent in construction and commercial lending products.
Provision for loan losses increased $1.1 million compared to the second quarter of 2006.
Total noninterest income increased $3.4 million, or 5%, driven by increases in service charges on deposit accounts and other miscellaneous income, partially offset by a decrease in business credit card income.
 
8

Total noninterest expense decreased $2.6 million, or 2%. Decreases in various discretionary expenses, credit and collection services expenses, and shared corporate expenses were partially offset by increased Affordable Housing-related expenses.
Six Months Ended June 30, 2007 vs. 2006
Commercial’s net income for the six months ended June 30, 2007, was $198.8 million, a decrease of $11.9 million, or 6%. The decrease was primarily driven by lower net interest income partially offset by higher noninterest income and lower noninterest expense.
Net interest income decreased $20.2 million, or 4%, as the continued shift in deposit mix to higher-rate deposit products decreased net interest income $20.7 million. The compression in deposit spreads was primarily due to a decrease in demand deposits, as customers redeployed liquidity in the current rate environment to higher-yielding NOW account and off-balance sheet sweep products. Total average deposits increased $577.1 million, or 4%, as increases in institutional and government deposits were partially offset by decreases in lower-cost demand deposits and money market accounts. Average loans increased $836.6 million, or 3%, resulting in a $3.7 million increase in net interest income. The average loan growth was most prominent in construction lending products.
Provision for loan losses increased $5.2 million, or 93%, compared to the same period in 2006. The increase was most prominent in commercial loan products.
Total noninterest income increased $3.3 million, or 2%, driven by increases in service charges on deposits, other miscellaneous income, and higher Bankcard and Capital Markets referral revenue, partially offset by a decrease in business credit card income.
Total noninterest expense decreased $4.2 million, or 1%. Decreases in various discretionary expenses, credit and collection services expenses, and shared corporate expenses were partially offset by increased Affordable Housing-related expenses.
Corporate and Investment Banking
							
preliminary data
(in millions)	  	2nd Quarter
2007	  	2nd Quarter
2006	  	%
Change	
Net income	  	$66.1	  	$62.4	  	6 %	
 			 	
Revenue - fully taxable-equivalent	  	252.6	  	216.5	  	17     	
 			 	
Average total loans	  	15,234.7	  	16,394.8	  	(7)    	
 			 	
Average total deposits	  	2,779.9	  	2,999.1	  	(7)    	
Three Months Ended June 30, 2007 vs. 2006
Corporate and Investment Banking’s net income for the second quarter of 2007 was $66.1 million, an increase of $3.7 million, or 6%. The increase was primarily driven by higher noninterest income, partially offset by higher noninterest expense and net charge-offs.
Net interest income decreased $3.8 million, or 7%, due to a decrease in average loans and compression of deposit spreads. Average loan balances decreased $1.2 billion, or 7%, as the impact of a $1.9 billion structured asset sale of corporate loans in the first quarter of 2007 was partially offset by growth in corporate banking loans and lease financing assets. Average deposits decreased $219.2 million, or 7%, driven by lower demand deposits. Partially offsetting the decline in net interest income due to decreased loans and deposits was an increase driven by capital markets trading assets at improved spreads.
Provision for loan losses increased to $14.6 million from a net recovery of $0.4 million. The increase was mainly in the corporate banking and leasing portfolios.
Total noninterest income increased $39.9 million, or 25%, mainly driven by private equity investment gains and syndication, primary bond, structured leasing, and securitization activities. One private equity investment transaction generated a $23.4 million gain, and net of related expenses, the pre-tax impact on income was $19.3 million. These increases were partially offset by lower fixed income trading revenue.
 
9

Total noninterest expense increased $15.2 million, or 13%, driven by increased incentive-based compensation due to increased revenue and the reversal of the leveraged lease-related reserve in the second quarter of 2006. This increase was partially offset by lower shared corporate expenses.
Six Months Ended June 30, 2007 vs. 2006
Corporate and Investment Banking’s net income for the six months ended June 30, 2007, was $109.3 million, a decrease of $10.0 million, or 8%. The decrease was primarily due to a decrease in net interest income and higher net charge-offs, partially offset by growth in noninterest income.
Net interest income decreased $19.2 million, or 15%, as a decrease in average loans and compression of deposit spreads resulted in a $16.7 million decline in net interest income. Average loan balances decreased $445.0 million, or 3%, as the impact of a $1.9 billion structured asset sale of corporate loans in the first quarter of 2007 was partially offset by growth in corporate banking loans and lease financing assets. Average deposits decreased $547.4 million, or 16%, as a result of lower demand deposit balances and a reduction in certain bid-category products the business elected not to bid on due to their high cost in relation to alternative funding sources. This led to net interest income compression from deposits of $3.6 million. Positively impacting net interest income was an increase in capital markets trading assets at improved spreads.
Provision for loan losses increased to $16.9 million from a net recovery of $0.8 million. The increase was mainly in the corporate banking and leasing portfolios.
Total noninterest income increased $29.1 million, or 9%, mainly driven by private equity investment gains and primary bond and syndication activities. One private equity investment transaction generated a $23.4 million gain, and net of related expenses, the pre-tax impact on income was $19.3 million. These increases were partially offset by lower income from fixed income trading, equity offerings, M&A, and securitization activities.
Total noninterest expense increased $8.2 million, or 3%, driven by increased incentive-based compensation due to increased revenue and the reversal of the leveraged lease-related reserve in the second quarter of 2006. This increase was partially offset by  lower shared corporate expenses.
Mortgage
							
preliminary data
(in millions)	  	2nd Quarter
2007	  	2nd Quarter
2006	  	%
Change	
Net income	  	$42.1	  	$61.9	  	(32) %	
 			 	
Revenue - fully taxable-equivalent	  	272.4	  	249.7	  	9     	
 			 	
Average total loans	  	29,447.5	  	32,009.1	  	(8)    	
 			 	
Average total deposits	  	2,378.6	  	1,843.2	  	29     	
Three Months Ended June 30, 2007 vs 2006
Mortgage’s net income for the second quarter of 2007 was $42.1 million, a decrease of $19.8 million, or 32%, compared to the second quarter of 2006. The decline was driven by narrower secondary marketing margins, losses associated with prior Alt-A product originations, lower income from sales of servicing assets, and higher volume-related expense. Positively impacting net income were higher fee income from record production, record loan sales, and a larger servicing portfolio.
Net interest income decreased $13.9 million, or 9%, driven primarily by decreases in average loans held-for-investment and compression of loan spreads which resulted in an $18.3 million decline in net interest income. Average loans, primarily residential mortgage and residential construction loans, declined $2.6 billion, or 8%, due to balance sheet management strategies initiated in the second half of 2006 and accelerated in the first half of 2007. Average loans held-for-sale increased $4.9 billion, or 65%, however, due to compressed spreads, net interest income declined $0.6 million. The increase in average loans held-for-sale was primarily due to the first quarter transfer of $4.1 billion of portfolio loans to the held for sale
 
10

category. Average deposits were up $0.5 billion, or 29%, due to growth in escrow balances associated with higher servicing balances and positively impacted net interest income $7.1 million.
Provision for loan losses increased $10.9 million primarily due to higher Alt-A loan charge-offs. The Company is no longer originating Alt-A products for the held for investment portfolio.
Total noninterest income increased $36.6 million, or 36%, due to higher mortgage production and servicing income. The $5.5 million increase in mortgage production income was driven by record production and delivery volumes, partially offset by narrower secondary margins and higher losses, largely attributable to prior Alt-A production. Production volume of $18.0 billion was an increase of 19% and sales volumes of $14.2 billion was an increase of 46% over the second quarter of 2006. Mortgage production income was also favorably impacted by the election in May 2007 to record certain newly-originated mortgage loans held-for-sale at fair value under the provisions of SFAS 159, which alleviated the burdens and complexities of qualifying for hedge accounting on the mortgage warehouse. This election impacts the timing of recognition of origination fees and costs, as well as servicing value. Specifically, origination fees and costs, which had been deferred and recognized as part of the gain/loss on sale of the loan, are now recognized in earnings at time of origination. The servicing value, which had been recorded at the time the loan was sold, is now included in the fair value of the loan and recognized at origination. Mortgage servicing income increased $14.0 million, or 45%, primarily due to higher servicing fee income derived from a larger serving portfolio, partially offset by lower gains from servicing asset sales. At June 30, 2007, total loans serviced were $150.5 billion, up $29.0 billion, or 24%, from June 30, 2006. Other noninterest income was up $17.1 million due to higher insurance income and hedge gains associated with loans held at fair value, which were partially offset by corresponding loan losses in production income.
Total noninterest expense was up $44.2 million, or 29%. The second quarter of 2007 expense level included the impact of the Company’s election to record certain newly-originated mortgage loans held-for-sale at fair value. Under this election, costs associated with the origination of mortgage loans held-for-sale are recognized at the point of origination. Prior to the fair value election, these costs were deferred at origination and recognized as part of the gain/loss in noninterest income at the point of sale to the investor. Also driving the higher expense level was an increase in expense associated with record production volumes and operating losses incurred in the second quarter related to application fraud. The application fraud primarily relates to customer misstatements of income and/or assets on Alt-A products originated in prior periods.
Six Months Ended June 30, 2007 vs 2006
Mortgage’s net income for the six months ended June 30, 2007, was $49.6 million, a decline of $90.0 million or 64%. The decline was the result of narrower secondary marketing margins, losses associated with prior Alt-A product originations, lower income from sales of servicing assets, and higher volume-related expense. Positively impacting net income was improved fee income from higher production volumes, higher sales volumes, and a larger servicing portfolio.
Net interest income decreased $32.0 million, or 11%, due to lower income on portfolio loans and loans held-for-sale. Net interest income on loans was reduced $17.0 million and net interest income on loans held-for-sale was reduced $19.5 million due to spread compression resulting from higher short-term interest rates. Average loans increased $0.4 billion, or 1%, and average loans held-for-sale increased $2.9 billion, or 35%. The increase in loans held-for-sale was primarily due to the first quarter 2007 transfer of $4.1 billion of portfolio loans to loans held-for-sale. Average deposits increased $0.4 billion, or 27%, due to higher escrow balances associated with higher servicing balances and positively impacted net interest income $11.9 million.
Provision for loan losses increased $18.3 million due to higher Alt-A loan charge-offs. The Company is no longer originating Alt-A products for the held for investment portfolio.
Total noninterest income declined $45.3 million, or 21%, due to lower mortgage production income, slightly offset by higher mortgage servicing income. Mortgage production income declined $71.2 million, or 59%, as the benefits from higher production and sales volumes were more than offset by lower secondary marketing margins and losses on Alt-A loans originated in prior periods. Loan production was $32.8 billion, up $6.2 billion, or 23%, and loan sales to investors were $27.3 billion, up $7.3 billion, or 36%. Servicing
 
11

income increased $4.7 million, or 6%, due to higher servicing fee income derived from a larger servicing portfolio and slightly lower amortization of servicing rights. This increase was substantially offset by lower gains on sales of servicing assets from the same period in 2006. Other noninterest income was up $21.3 million due to higher insurance income and favorable hedge results on fair value assets which were partially offset by corresponding loan losses in production income.
Total noninterest expense was up $50.7 million, or 17%, due partly to the Company’s election to record certain newly-originated mortgage loans held-for-sale at fair value, under which certain loan origination costs previously deferred are now recognized at time of origination. Also driving the higher expense level was higher expense associated with stronger production volumes and operating losses related to application fraud. The application fraud primarily relates to customer misstatements of income and/or assets on Alt-A products  originated in prior periods.
Wealth and Investment Management
							
preliminary data
(in millions)	  	2nd Quarter
2007	  	2nd Quarter
2006	  	%
Change	
Net income	  	$53.3	  	$57.5	  	(7) %	
 			 	
Revenue - fully taxable-equivalent	  	336.0	  	342.3	  	(2)    	
 			 	
Average total loans	  	8,026.1	  	8,063.7	  	(1)    	
 			 	
Average total deposits	  	9,869.9	  	9,158.4	  	8     	
Three Months Ended June 30, 2007 vs. 2006
Wealth and Investment Management’s net income for the second quarter of 2007 was $53.3 million, a decrease of $4.2 million, or 7%, compared to the second quarter of 2006. The decrease was primarily driven by the impact of the merger of Lighthouse Partners into Lighthouse Investment Partners in the first quarter of 2007, the sale of the corporate bond trustee business in the third quarter of 2006, and lower net interest income, partially offset by strong growth in retail investment income and lower noninterest expense.
Net interest income decreased $4.2 million, or 5%, due primarily to a shift in deposit mix to higher-cost products as customer preference continues to favor higher-yielding deposit products. Average deposits increased $0.7 billion, or 8%, due to an increase in higher-cost NOW accounts and time deposits, partially offset by declines in lower-cost demand and money market deposits. Average loans decreased slightly as a result of lower consumer mortgages and commercial real estate balances, partially offset by growth in personal credit lines.
Provision for loan losses increased $2.2 million primarily due to higher home equity net charge-offs.
Total noninterest income decreased $2.1 million, or 1%, primarily driven by a decline in trust revenue from the Lighthouse Partners merger and the sale of the corporate bond trustee business. Retail investment income increased $13.6 million, or 24%, due to higher recurring and transactional revenue, with annuity sales exhibiting particular strength.
Total noninterest expense decreased $1.4 million, or 1%, primarily driven by decreased expenses resulting from the Lighthouse Partners merger and a reduction in shared corporate costs, partially offset by increased intangible amortization and staff expenses.
End of period assets under management were approximately $139.1 billion compared to $135.0 billion as of the same period last year. Approximately $5.4 billion of Lighthouse Partners assets were merged into Lighthouse Investment Partners and were not included in the June 30, 2007, total. Assets under management include individually managed assets, the STI Classic Funds, institutional assets managed by Trusco Capital Management, and participant-directed retirement accounts. SunTrust’s total assets under advisement were approximately $249.9 billion, which includes $139.1 billion in assets under management, $60.3 billion in non-managed trust assets, $42.5 billion in retail brokerage assets, and $7.9 billion in non-managed corporate trust assets. Approximately $21.2 billion in non-managed corporate trust assets were sold at the time of the corporate bond trustee transaction.
 
12

Six Months Ended June 30, 2007 vs. 2006
Wealth and Investment Management’s net income for the six months ended June 30, 2007, was $120.7 million, an increase of $16.3 million, or 16%, compared to the same period in 2006. The growth was driven primarily by a gain on sale upon the merger of Lighthouse Partners into Lighthouse Investment Partners and increased retail investment income, partially offset by lower net interest income and higher noninterest expenses.
Net interest income decreased $5.1 million, or 3%, as the continued shift in deposit mix to higher-cost products compressed deposit spreads, decreasing net interest income $5.3 million. Average deposits increased $0.7 billion, or 7%, due to increases in higher-cost NOW account products and time deposit balances, partially offset by decreases in lower-cost demand and money market deposits. Average loans increased slightly with most growth coming in consumer loans, partially offset by a decline in consumer mortgages.
Provision for loan losses increased $3.1 million primarily due to higher home equity net charge-offs.
Total noninterest income increased $44.1 million, or 9%, primarily driven by a $32.3 million gain on sale upon merger of Lighthouse Partners. Additionally, retail investment income increased due to higher recurring and transactional revenue, mainly annuity sales. Trust income decreased due to the merger of Lighthouse Partners and the sale of the corporate bond trustee business.
Total noninterest expense increased $11.4 million, or 2%. Growth was primarily attributable to increases in staff and intangible  amortization expenses, partially offset by a decrease in shared corporate expenses.
Corporate Other and Treasury
							
preliminary data
(in millions)	  	2nd Quarter
2007	  	2nd Quarter
2006	  	%
Change	
 			 	
Net income	  	$260.3	  	$71.1	  	266 %	
 			 	
Net income excluding gain on sale of shares of Coke	  	$114.7	  	$71.1	  	61    	
 			 	
Average securities available for sale	  	17,524.4	  	25,494.2	  	(31)   	
Three Months Ended June 30, 2007 vs. 2006
Corporate Other and Treasury’s net income for the second quarter of 2007 was $260.3 million, an increase of $189.2 million compared to the second quarter of 2006 and was mainly driven by the $145.6 million after-tax gain on sale of Coke stock and an increase in net interest income due to balance sheet management strategies executed in the first half of this year.
The balance sheet management strategies resulted in improved yields on earning assets, as well as de-levering the balance sheet and reducing the level of higher-cost wholesale funding. This was mainly responsible for the $74.3 million increase in net interest income. Total average assets decreased $7.8 billion, or 23.0%, mainly due to a reduction in the size of the investment portfolio designed to reduce the Company’s reliance on wholesale funding sources and increase the capacity to fund future loan growth. Total average deposits decreased $3.3 billion, or 12.2%, mainly due to a decrease in brokered and foreign deposits that resulted from the wholesale funding reduction.
Provision for loan losses, which predominantly represents the difference between consolidated provision for loan losses and net charge-offs for the lines of business, decreased $6.1 million.
Total noninterest income increased $199.5 million driven by the $234.8 million pre-tax gain on sale of Coke stock, partially offset by a $21.4 million decrease in trading income due to negative market value adjustments on certain assets and liabilities carried at fair value.
Total noninterest expense decreased $21.0 million compared to the second quarter of 2006 demonstrating the impact the E 2 Efficiency and Productivity Program had on controlling expense growth. This decline was mainly due to a reduction in total staff expenses in support functions, as well as reduced advertising and consulting expenses.
 
13

Six Months Ended June 30, 2007 vs. 2006
Corporate Other and Treasury’s net income for the six months ended June 30, 2006, was $404.1 million, an increase of $257.5 million compared to the same period in 2006 and was mainly driven by the $145.6 million after-tax gain on sale of Coke stock and an increase in net interest income due to the aforementioned balance sheet management strategies executed in the first half of this year.
Net interest income increased $104.5 million due to the balance sheet management strategies. Total average assets decreased $5.0 billion, or 14.8%, mainly due to the reduction in the size of the investment portfolio related to the strategies. Total average deposits decreased $0.7 billion, or 2.8%, mainly due to a decrease in brokered and foreign deposits also related to the strategies.
Provision for loan losses, which predominantly represents the difference between consolidated provision for loan losses and net charge-offs for the lines of business, decreased $23.2 million.
Total noninterest income increased $272.0 million driven by the $234.8 million pre-tax gain on sale of Coke stock and a $53.0 million increase in trading profits driven by net positive market value adjustments on certain assets and liabilities carried at fair value.
Total noninterest expense decreased $14.7 million, demonstrating the impact the E 2 Efficiency and Productivity Program had on controlling expense growth. This decline was mainly due to a reduction in total staff expenses in support functions, as well as reduced advertising and consulting expenses.
Corresponding Financial Tables and Information
Investors are encouraged to review the foregoing summary and discussion of SunTrust’s earnings and financial condition in conjunction with the detailed financial tables and information which SunTrust has also published today and SunTrust’s forthcoming quarterly report on Form 10-Q. Detailed financial tables and other information are available on our Web site at www.suntrust.com in the Investor Relations section located under “About SunTrust”. This information is also included in a current report on Form 8-K filed with the SEC today.
This news release contains certain non-US GAAP financial measures to describe the Company’s performance. The reconciliation of those measures to the most directly comparable US GAAP financial measures, and the reasons why SunTrust believes such financial measures may be useful to investors, can be found in the financial information contained in the appendices of this news release.
Conference Call
SunTrust management will host a conference call on July 19, 2007, at 8:00 a.m. (Eastern Time) to discuss the earnings results and business trends. Individuals are encouraged to call in beginning at 7:45 a.m. (Eastern Time) by dialing 1-888-972-7805 (Passcode: 2Q07; Leader: Greg Ketron). Individuals calling from outside the United States should dial 1-517-308-9091 (Passcode: 2Q07; Leader: Greg Ketron). A replay of the call will be available beginning July 19, 2007, and ending August 2, 2007, by dialing 1-866-418-1754 (domestic) or 1-203-369-0746 (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, “2nd Quarter Earnings Release.” Beginning the afternoon of July 19, 2007, listeners may access an archived version of the webcast in the “Webcasts and Presentations” subsection found under “Investor Relations.” This webcast will be archived and available for one year. A link to the Investor Relations page is also found in the footer of the SunTrust home page.
SunTrust Banks, Inc., headquartered in Atlanta, is one of the nation’s largest banking organizations, serving a broad range of consumer, commercial, corporate and institutional clients. The Company operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states and a full array of technology-based, 24-hour delivery channels. The Company also serves customers in selected markets nationally. Its primary businesses include deposit, credit, trust and investment services. Through
 
14

various subsidiaries the Company provides credit cards, mortgage banking, insurance, brokerage, equipment leasing and capital markets services. SunTrust’s Internet address is www.suntrust.com.
Forward-Looking Statements
This news release may contain forward-looking statements. Statements that do not describe historical or current facts, including statements about beliefs and expectations, are forward-looking statements. These statements often include the words “may,” “could,” “will,” “should,” “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “initiatives,” “targets,” “potentially,” “probably,” “projects,” “outlook” or similar expressions. Such statements are based upon the current beliefs and expectations of SunTrust’s management, and on information currently available to management, and speak as of the date hereof. Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward-looking statements. Factors that could cause SunTrust’s results to differ materially from those described in the forward-looking statements can be found in the Company’s 2006 Annual Report on Form 10-K, in the Quarterly Reports on Form 10-Q and in the Current Reports filed on Form 8-K with the Securities and Exchange Commission and available at the Securities and Exchange Commission’s internet site ( http://www.sec.gov ). Those factors include: changes in general business or economic conditions or the competitive banking environment; changes in market interest rates or capital markets; significant changes in legislation or regulatory requirements, or the fiscal and monetary policies of the federal government and its agencies; significant changes in securities markets or markets for residential or commercial real estate; increases in the cost of funds resulting from customers pursuing alternatives to bank deposits or shifting from demand deposits to higher-cost products; hurricanes and other natural disasters; competitive pressures among local, regional, national, and international banks, thrifts credit unions, and other financial institutions; litigation; the potential that the Company may acquire other institutions or may divest certain portions of its business; changes in accounting principles, policies, or guidelines; and we carry certain financial instruments at fair value and are subject to market risk.
The forward-looking statements in this news release speak only as of this date, and SunTrust does not assume any obligation to update such statements or to update the reasons why actual results could differ from those contained in such statements.
###
 
15

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

																			
 	  	Three Months Ended
June 30
	 	 	%	 	 	Six Months Ended
June 30
	 	 	%	 	
 	  	2007
	 	 	2006
	 	 	Change
	 	 	2007
	 	 	2006
	 	 	Change
	 	
EARNINGS & DIVIDENDS	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net income	  	$681.4	 	 	$544.0	 	 	25.3	%	 	$1,202.7	 	 	$1,075.5	 	 	11.8	%	
Net income available to common shareholders	  	673.9	 	 	544.0	 	 	23.9	 	 	1,187.8	 	 	1,075.5	 	 	10.4	 	
Net income available to common shareholders excluding gain on sale of shares of The Coca-Cola Company  1	  	528.3	 	 	544.0	 	 	(2.9	)	 	1,042.3	 	 	1,075.5	 	 	(3.1	)	
Total revenue - FTE  2	  	2,374.6	 	 	2,065.4	 	 	15.0	 	 	4,441.8	 	 	4,116.3	 	 	7.9	 	
Total revenue - FTE excluding net securities gains and losses  1	  	2,138.2	 	 	2,059.5	 	 	3.8	 	 	4,205.3	 	 	4,110.3	 	 	2.3	 	
Total revenue - FTE excluding gain on sale of shares of The Coca-Cola Company  1	  	2,139.8	 	 	2,065.4	 	 	3.6	 	 	4,206.9	 	 	4,116.3	 	 	2.2	 	
Net income per average common share	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Diluted	  	1.89	 	 	1.49	 	 	26.8	 	 	3.33	 	 	2.96	 	 	12.5	 	
Diluted excluding gain on sale of shares of The Coca-Cola Company  1	  	1.48	 	 	1.49	 	 	(0.7	)	 	2.92	 	 	2.96	 	 	(1.4	)	
Basic	  	1.91	 	 	1.51	 	 	26.5	 	 	3.37	 	 	2.98	 	 	13.1	 	
Dividends paid per average common share	  	0.73	 	 	0.61	 	 	19.4	 	 	1.46	 	 	1.22	 	 	19.6	 	
							
CONDENSED BALANCE SHEETS	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Selected Average Balances	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total assets	  	$179,996	 	 	$180,744	 	 	(0.4	)%	 	$180,747	 	 	$179,190	 	 	0.9	%	
Earning assets	  	157,594	 	 	158,889	 	 	(0.8	)	 	158,529	 	 	157,325	 	 	0.8	 	
Loans	  	118,165	 	 	120,145	 	 	(1.6	)	 	119,831	 	 	118,214	 	 	1.4	 	
Consumer and commercial deposits	  	97,927	 	 	97,172	 	 	0.8	 	 	97,860	 	 	96,238	 	 	1.7	 	
Brokered and foreign deposits	  	23,983	 	 	27,194	 	 	(11.8	)	 	25,341	 	 	25,930	 	 	(2.3	)	
Total shareholders’ equity	  	17,928	 	 	17,304	 	 	3.6	 	 	17,825	 	 	17,179	 	 	3.8	 	
							
As of	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total assets	  	180,314	 	 	181,143	 	 	(0.5	)	 	 	 	 	 	 	 	 	 	
Earning assets	  	157,095	 	 	158,845	 	 	(1.1	)	 	 	 	 	 	 	 	 	 	
Loans	  	118,788	 	 	120,243	 	 	(1.2	)	 	 	 	 	 	 	 	 	 	
Allowance for loan and lease losses	  	1,050	 	 	1,062	 	 	(1.1	)	 	 	 	 	 	 	 	 	 	
Consumer and commercial deposits	  	97,822	 	 	99,042	 	 	(1.2	)	 	 	 	 	 	 	 	 	 	
Brokered and foreign deposits	  	25,069	 	 	25,811	 	 	(2.9	)	 	 	 	 	 	 	 	 	 	
Total shareholders’ equity	  	17,369	 	 	17,424	 	 	(0.3	)	 	 	 	 	 	 	 	 	 	
							
FINANCIAL RATIOS & OTHER DATA	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Return on average total assets	  	1.52	%	 	1.21	%	 	25.6	%	 	1.34	%	 	1.21	%	 	10.7	%	
Return on average assets less net unrealized securities gains 1	  	1.18	 	 	1.18	 	 	-  	 	 	1.16	 	 	1.19	 	 	(2.5	)	
Return on average common shareholders’ equity	  	15.51	 	 	12.61	 	 	23.0	 	 	13.83	 	 	12.63	 	 	9.5	 	
Return on average realized common shareholders’ equity  1	  	12.71	 	 	12.90	 	 	(1.5	)	 	12.63	 	 	12.98	 	 	(2.7	)	
Net interest margin 2	  	3.10	 	 	3.00	 	 	3.3	 	 	3.06	 	 	3.06	 	 	-  	 	
Efficiency ratio 2	  	52.69	 	 	58.78	 	 	(10.4	)	 	56.00	 	 	59.29	 	 	(5.6	)	
Tangible efficiency ratio 1	  	51.64	 	 	57.53	 	 	(10.2	)	 	54.91	 	 	58.00	 	 	(5.3	)	
Effective tax rate	  	31.45	 	 	30.10	 	 	4.5	 	 	31.08	 	 	30.56	 	 	1.7	 	
Tier 1 capital ratio	  	7.5 	3	 	7.31	 	 	2.7	 	 	 	 	 	 	 	 	 	 	
Total capital ratio	  	10.8 	3	 	10.70	 	 	0.7	 	 	 	 	 	 	 	 	 	 	
Tier 1 leverage ratio	  	7.1 	3	 	6.82	 	 	4.1	 	 	 	 	 	 	 	 	 	 	
Total average shareholders’ equity to total average assets	  	9.96	 	 	9.57	 	 	4.0	 	 	9.86	 	 	9.59	 	 	2.9	 	
Tangible equity to tangible assets 1	  	5.85	 	 	5.81	 	 	0.7	 	 	 	 	 	 	 	 	 	 	
							
Full-time equivalent employees	  	33,241	 	 	34,155	 	 	(2.7	)	 	 	 	 	 	 	 	 	 	
Number of ATMs	  	2,533	 	 	2,564	 	 	(1.2	)	 	 	 	 	 	 	 	 	 	
Full service banking offices	  	1,685	 	 	1,695	 	 	(0.6	)	 	 	 	 	 	 	 	 	 	
Traditional	  	1,338	 	 	1,342	 	 	(0.3	)	 	 	 	 	 	 	 	 	 	
In-store	  	347	 	 	353	 	 	(1.7	)	 	 	 	 	 	 	 	 	 	
							
Book value per common share	  	$48.33	 	 	$47.85	 	 	1.0	 	 	 	 	 	 	 	 	 	 	
Market price:	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
High	  	94.18	 	 	78.33	 	 	20.2	 	 	94.18	 	 	78.33	 	 	20.2	 	
Low	  	78.16	 	 	72.56	 	 	7.7	 	 	78.16	 	 	69.68	 	 	12.2	 	
Close	  	85.74	 	 	76.26	 	 	12.4	 	 	85.74	 	 	76.26	 	 	12.4	 	
Market capitalization	  	29,928	 	 	27,768	 	 	7.8	 	 	 	 	 	 	 	 	 	 	
							
Average common shares outstanding (000s)	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Diluted	  	356,008	 	 	364,391	 	 	(2.3	)	 	356,608	 	 	363,917	 	 	(2.0	)	
Basic	  	351,987	 	 	361,267	 	 	(2.6	)	 	352,713	 	 	360,604	 	 	(2.2	)	

1	See Appendix A for a reconcilement of non-GAAP performance measures.	

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

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

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

																
 	  	Three Months Ended
	 	
 	  	June 30
2007
	 	 	March 31
2007
	 	 	December 31
2006
	 	 	September 30
2006
	 	 	June 30
2006
	 	
EARNINGS & DIVIDENDS	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net income	  	$681.4	 	 	$521.3	 	 	$506.3	 	 	$535.6	 	 	$544.0	 	
Net income available to common shareholders	  	673.9	 	 	513.9	 	 	498.6	 	 	535.6	 	 	544.0	 	
Net income available to common shareholders excluding gain on sale of shares of The Coca-Cola Company 1	  	528.3	 	 	513.9	 	 	498.6	 	 	535.6	 	 	544.0	 	
Total revenue - FTE 2	  	2,374.6	 	 	2,067.2	 	 	2,067.7	 	 	2,032.8	 	 	2,065.4	 	
Total revenue - FTE excluding net securities gains and losses and net gain on sale of Bond Trustee business 1	  	2,138.2	 	 	2,067.2	 	 	2,032.4	 	 	2,011.8	 	 	2,059.5	 	
Total revenue - FTE excluding gain on sale of shares of The Coca-Cola Company 1	  	2,139.8	 	 	2,067.2	 	 	2,067.7	 	 	2,032.8	 	 	2,065.4	 	
Net income per average common share	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Diluted	  	1.89	 	 	1.44	 	 	1.39	 	 	1.47	 	 	1.49	 	
Diluted, excluding gain on sale of shares of The Coca-Cola Company  1	  	1.48	 	 	1.44	 	 	1.39	 	 	1.47	 	 	1.49	 	
Basic	  	1.91	 	 	1.45	 	 	1.41	 	 	1.48	 	 	1.51	 	
Dividends paid per average common share	  	0.73	 	 	0.73	 	 	0.61	 	 	0.61	 	 	0.61	 	
						
CONDENSED BALANCE SHEETS	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Selected Average Balances	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total assets	  	$179,996	 	 	$181,506	 	 	$182,343	 	 	$180,501	 	 	$180,744	 	
Earning assets	  	157,594	 	 	159,474	 	 	160,115	 	 	158,915	 	 	158,889	 	
Loans	  	118,165	 	 	121,515	 	 	121,364	 	 	120,742	 	 	120,145	 	
Consumer and commercial deposits	  	97,927	 	 	97,792	 	 	98,553	 	 	97,643	 	 	97,172	 	
Brokered and foreign deposits	  	23,983	 	 	26,714	 	 	26,124	 	 	27,958	 	 	27,194	 	
Total shareholders’ equity	  	17,928	 	 	17,720	 	 	18,155	 	 	17,662	 	 	17,304	 	
						
As of	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total assets	  	180,314	 	 	186,385	 	 	182,162	 	 	183,105	 	 	181,143	 	
Earning assets	  	157,095	 	 	163,299	 	 	159,064	 	 	160,288	 	 	158,845	 	
Loans	  	118,788	 	 	116,913	 	 	121,454	 	 	121,237	 	 	120,243	 	
Allowance for loan and lease losses	  	1,050	 	 	1,034	 	 	1,045	 	 	1,087	 	 	1,062	 	
Consumer and commercial deposits	  	97,822	 	 	99,875	 	 	99,776	 	 	98,684	 	 	99,042	 	
Brokered and foreign deposits	  	25,069	 	 	23,563	 	 	24,246	 	 	25,709	 	 	25,811	 	
Total shareholders’ equity	  	17,369	 	 	17,969	 	 	17,814	 	 	18,589	 	 	17,424	 	
						
FINANCIAL RATIOS & OTHER DATA	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Return on average total assets	  	1.52	%	 	1.16	%	 	1.10	%	 	1.18	%	 	1.21	%	
Return on average assets less net unrealized securities gains 1	  	1.18	 	 	1.15	 	 	1.04	 	 	1.28	 	 	1.18	 	
Return on average common shareholders’ equity	  	15.51	 	 	12.10	 	 	11.20	 	 	12.10	 	 	12.61	 	
Return on average realized common shareholders’ equity 1	  	12.71	 	 	12.54	 	 	11.17	 	 	13.73	 	 	12.90	 	
Net interest margin 2	  	3.10	 	 	3.02	 	 	2.94	 	 	2.93	 	 	3.00	 	
Efficiency ratio 2	  	52.69	 	 	59.79	 	 	59.67	 	 	59.30	 	 	58.78	 	
Tangible efficiency ratio 1	  	51.64	 	 	58.65	 	 	58.49	 	 	58.03	 	 	57.53	 	
Effective tax rate	  	31.45	 	 	30.59	 	 	27.07	 	 	27.94	 	 	30.10	 	
Tier 1 capital ratio	  	7.5 	3	 	7.60	 	 	7.72	 	 	7.70	 	 	7.31	 	
Total capital ratio	  	10.8 	3	 	10.94	 	 	11.11	 	 	11.07	 	 	10.70	 	
Tier 1 leverage ratio	  	7.1 	3	 	7.24	 	 	7.23	 	 	7.27	 	 	6.82	 	
Total average shareholders’ equity to total average assets	  	9.96	 	 	9.76	 	 	9.96	 	 	9.78	 	 	9.57	 	
Tangible equity to tangible assets 1	  	5.85	 	 	5.97	 	 	6.03	 	 	6.42	 	 	5.81	 	
						
Full-time equivalent employees	  	33,241	 	 	33,397	 	 	33,599	 	 	34,293	 	 	34,155	 	
Number of ATMs	  	2,533	 	 	2,543	 	 	2,569	 	 	2,568	 	 	2,564	 	
Full service banking offices	  	1,685	 	 	1,691	 	 	1,701	 	 	1,699	 	 	1,695	 	
Traditional	  	1,338	 	 	1,338	 	 	1,349	 	 	1,347	 	 	1,342	 	
In-store	  	347	 	 	353	 	 	352	 	 	352	 	 	353	 	
Book value per common share	  	$48.33	 	 	$49.00	 	 	$48.78	 	 	$49.71	 	 	$47.85	 	
Market price:	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
High	  	94.18	 	 	87.43	 	 	85.64	 	 	81.59	 	 	78.33	 	
Low	  	78.16	 	 	80.76	 	 	76.76	 	 	75.11	 	 	72.56	 	
Close	  	85.74	 	 	83.04	 	 	84.45	 	 	77.28	 	 	76.26	 	
Market capitalization	  	29,928	 	 	29,604	 	 	29,972	 	 	28,120	 	 	27,768	 	
Average common shares outstanding (000s)	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Diluted	  	356,008	 	 	357,214	 	 	358,292	 	 	365,121	 	 	364,391	 	
Basic	  	351,987	 	 	353,448	 	 	354,677	 	 	361,805	 	 	361,267	 	

1	See Appendix A for a reconcilement of non-GAAP performance measures.	

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

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

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

													
 	  	As of June 30
	 	 	Increase/(Decrease) 3
	 	
 	  	2007
	 	 	2006
	 	 	Amount
	 	 	%
	 	
ASSETS	  	 	 	 	 	 	 	 	 	 	 	 	
Cash and due from banks	  	$4,254,430	 	 	$4,214,076	 	 	$40,354	 	 	1.0	%	
Interest-bearing deposits in other banks	  	25,991	 	 	29,733	 	 	(3,742	)	 	(12.6	)	
Funds sold and securities purchased under agreements to resell	  	1,143,995	 	 	942,983	 	 	201,012	 	 	21.3	 	
Trading assets	  	13,044,972	 	 	2,621,940	 	 	10,423,032	 	 	NM	 	
Securities available for sale 1	  	14,725,957	 	 	26,542,900	 	 	(11,816,943	)	 	(44.5	)	
Loans held for sale (loans at fair value: $6,494,602 as of June 30, 2007)	  	12,474,932	 	 	10,819,967	 	 	1,654,965	 	 	15.3	 	
Loans:	  	 	 	 	 	 	 	 	 	 	 	 	
Commercial	  	34,362,837	 	 	35,159,832	 	 	(796,995	)	 	(2.3	)	
Real estate:	  	 	 	 	 	 	 	 	 	 	 	 	
Home equity lines	  	14,303,659	 	 	13,894,177	 	 	409,482	 	 	2.9	 	
Construction	  	14,417,949	 	 	13,099,808	 	 	1,318,141	 	 	10.1	 	
Residential mortgages	  	30,759,216	 	 	32,844,670	 	 	(2,085,454	)	 	(6.3	)	
Commercial real estate	  	12,416,329	 	 	12,575,092	 	 	(158,763	)	 	(1.3	)	
Consumer:	  	 	 	 	 	 	 	 	 	 	 	 	
Direct	  	4,391,739	 	 	4,237,332	 	 	154,407	 	 	3.6	 	
Indirect	  	7,739,369	 	 	8,113,741	 	 	(374,372	)	 	(4.6	)	
Credit card	  	396,624	 	 	318,493	 	 	78,131	 	 	24.5	 	
 	  			 			 			 	 	 	
Total loans	  	118,787,722	 	 	120,243,145	 	 	(1,455,423	)	 	(1.2	)	
Allowance for loan and lease losses	  	(1,050,362	)	 	(1,061,862	)	 	(11,500	)	 	(1.1	)	
 	  			 			 			 	 	 	
Net loans	  	117,737,360	 	 	119,181,283	 	 	(1,443,923	)	 	(1.2	)	
Goodwill	  	6,897,050	 	 	6,900,222	 	 	(3,172	)	 	-  	 	
Other intangible assets	  	1,290,460	 	 	1,141,346	 	 	149,114	 	 	13.1	 	
Other assets	  	8,719,225	 	 	8,748,994	 	 	(29,769	)	 	(0.3	)	
 	  			 			 			 	 	 	
Total assets 2	  	$180,314,372	 	 	$181,143,444	 	 	($829,072	)	 	(0.5	)	

LIABILITIES	  	 	 	 	 	 	 	 	 	 	 	 	
Noninterest-bearing consumer and commercial deposits	  	$22,725,654	 	 	$24,243,088	 	 	($1,517,434	)	 	(6.3	)%	
Interest-bearing consumer and commercial deposits:	  	 	 	 	 	 	 	 	 	 	 	 	
NOW accounts	  	20,255,930	 	 	17,194,199	 	 	3,061,731	 	 	17.8	 	
Money market accounts	  	21,645,616	 	 	24,627,018	 	 	(2,981,402	)	 	(12.1	)	
Savings	  	4,698,516	 	 	5,556,847	 	 	(858,331	)	 	(15.4	)	
Consumer time	  	16,745,010	 	 	16,134,694	 	 	610,316	 	 	3.8	 	
Other time	  	11,751,246	 	 	11,285,875	 	 	465,371	 	 	4.1	 	
 	  			 			 			 	 	 	
Total consumer and commercial deposits	  	97,821,972	 	 	99,041,721	 	 	(1,219,749	)	 	(1.2	)	
Brokered deposits (CDs at fair value: $282,889 as of June 30, 2007; $62,419 as of June 30, 2006)	  	16,659,978	 	 	18,425,635	 	 	(1,765,657	)	 	(9.6	)	
Foreign deposits	  	8,408,752	 	 	7,385,081	 	 	1,023,671	 	 	13.9	 	
 	  			 			 			 	 	 	
Total deposits	  	122,890,702	 	 	124,852,437	 	 	(1,961,735	)	 	(1.6	)	
Funds purchased	  	3,405,459	 	 	4,527,339	 	 	(1,121,880	)	 	(24.8	)	
Securities sold under agreements to repurchase	  	6,081,096	 	 	7,158,914	 	 	(1,077,818	)	 	(15.1	)	
Other short-term borrowings	  	2,083,518	 	 	1,438,891	 	 	644,627	 	 	44.8	 	
Long-term debt (notes at fair value: $6,757,188 as of June 30, 2007)	  	20,604,933	 	 	18,222,162	 	 	2,382,771	 	 	13.1	 	
Trading liabilities	  	2,156,279	 	 	1,574,107	 	 	582,172	 	 	37.0	 	
Other liabilities	  	5,723,532	 	 	5,945,674	 	 	(222,142	)	 	(3.7	)	
 	  			 			 			 	 	 	
Total liabilities	  	162,945,519	 	 	163,719,524	 	 	(774,005	)	 	(0.5	)	

SHAREHOLDERS’ EQUITY	  	 	 	 	 	 	 	 	 	 	 	 	
Preferred stock, no par value	  	500,000	 	 	-  	 	 	500,000	 	 	100.0	 	
Common stock, $1.00 par value	  	370,578	 	 	370,578	 	 	-  	 	 	-  	 	
Additional paid in capital	  	6,589,387	 	 	6,751,929	 	 	(162,542	)	 	(2.4	)	
Retained earnings	  	10,739,449	 	 	9,943,155	 	 	796,294	 	 	8.0	 	
Treasury stock, at cost, and other	  	(1,751,449	)	 	(418,262	)	 	(1,333,187	)	 	NM	 	
Accumulated other comprehensive income	  	920,888	 	 	776,520	 	 	144,368	 	 	18.6	 	
 	  			 			 			 	 	 	
Total shareholders’ equity	  	17,368,853	 	 	17,423,920	 	 	(55,067	)	 	(0.3	)	
 	  			 			 			 	 	 	
Total liabilities and shareholders’ equity	  	$180,314,372	 	 	$181,143,444	 	 	($829,072	)	 	(0.5	)	
 	  			 			 			 	 	 	
Common shares outstanding	  	349,052,800	 	 	364,129,209	 	 	(15,076,409	)	 	(4.1	)	
Common shares authorized	  	750,000,000	 	 	750,000,000	 	 	-  	 	 	-  	 	
Preferred shares outstanding	  	5,000	 	 	-  	 	 	5,000	 	 	100.0	 	
Preferred shares authorized	  	50,000,000	 	 	50,000,000	 	 	-  	 	 	-  	 	
Treasury shares of common stock	  	21,525,598	 	 	6,449,189	 	 	15,076,409	 	 	NM	 	

1    Includes net unrealized gains of	  	$2,035,623	 	 	$1,309,753	 	 	$725,870	 	 	55.4	%	
2    Includes earning assets of	  	157,094,873	 	 	158,845,216	 	 	(1,750,343	)	 	(1.1	)	
3	“NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.	
 
Page 3

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

																
 	  	As of
	 	
 	  	June 30
2007
	 	 	March 31
2007
	 	 	December 31
2006
	 	 	September 30
2006
	 	 	June 30
2006
	 	
ASSETS	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Cash and due from banks	  	$4,254,430	 	 	$3,867,957	 	 	$4,235,889	 	 	$4,066,173	 	 	$4,214,076	 	
Interest-bearing deposits in other banks	  	25,991	 	 	21,974	 	 	21,810	 	 	39,982	 	 	29,733	 	
Funds sold and securities purchased under agreements to resell	  	1,143,995	 	 	883,833	 	 	1,050,046	 	 	1,147,423	 	 	942,983	 	
Trading assets	  	13,044,972	 	 	21,545,502	 	 	2,777,629	 	 	3,675,917	 	 	2,621,940	 	
Securities available for sale 1	  	14,725,957	 	 	13,163,036	 	 	25,101,715	 	 	25,553,320	 	 	26,542,900	 	
Loans held for sale	  	12,474,932	 	 	14,067,788	 	 	11,790,122	 	 	11,501,646	 	 	10,819,967	 	
Loans:	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial	  	34,362,837	 	 	33,484,170	 	 	34,613,882	 	 	35,018,715	 	 	35,159,832	 	
Real estate:	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Home equity lines	  	14,303,659	 	 	14,039,685	 	 	14,102,655	 	 	14,014,617	 	 	13,894,177	 	
Construction	  	14,417,949	 	 	14,175,478	 	 	13,892,988	 	 	13,595,924	 	 	13,099,808	 	
Residential mortgages	  	30,759,216	 	 	30,248,543	 	 	33,830,101	 	 	33,711,399	 	 	32,844,670	 	
Commercial real estate	  	12,416,329	 	 	12,454,475	 	 	12,567,824	 	 	12,459,023	 	 	12,575,092	 	
Consumer:	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Direct	  	4,391,739	 	 	4,293,308	 	 	4,160,091	 	 	4,082,257	 	 	4,237,332	 	
Indirect	  	7,739,369	 	 	7,840,962	 	 	7,936,102	 	 	8,022,512	 	 	8,113,741	 	
Credit card	  	396,624	 	 	375,938	 	 	350,690	 	 	332,947	 	 	318,493	 	
 	  			 			 			 			 			
Total loans	  	118,787,722	 	 	116,912,559	 	 	121,454,333	 	 	121,237,394	 	 	120,243,145	 	
Allowance for loan and lease losses	  	(1,050,362	)	 	(1,033,939	)	 	(1,044,521	)	 	(1,087,316	)	 	(1,061,862	)	
 	  			 			 			 			 			
Net loans	  	117,737,360	 	 	115,878,620	 	 	120,409,812	 	 	120,150,078	 	 	119,181,283	 	
Goodwill	  	6,897,050	 	 	6,896,723	 	 	6,889,860	 	 	6,903,001	 	 	6,900,222	 	
Other intangible assets	  	1,290,460	 	 	1,293,457	 	 	1,181,984	 	 	1,120,102	 	 	1,141,346	 	
Other assets	  	8,719,225	 	 	8,765,951	 	 	8,702,742	 	 	8,946,911	 	 	8,748,994	 	
 	  			 			 			 			 			
Total assets 2	  	$180,314,372	 	 	$186,384,841	 	 	$182,161,609	 	 	$183,104,553	 	 	$181,143,444	 	
 	  			 			 			 			 			
LIABILITIES	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Noninterest-bearing consumer and commercial deposits	  	$22,725,654	 	 	$22,765,045	 	 	$22,887,176	 	 	$22,813,455	 	 	$24,243,088	 	
Interest-bearing consumer and commercial deposits:	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NOW accounts	  	20,255,930	 	 	20,802,207	 	 	20,230,763	 	 	17,508,754	 	 	17,194,199	 	
Money market accounts	  	21,645,616	 	 	22,070,587	 	 	22,371,828	 	 	23,803,496	 	 	24,627,018	 	
Savings	  	4,698,516	 	 	5,102,312	 	 	5,198,980	 	 	5,699,545	 	 	5,556,847	 	
Consumer time	  	16,745,010	 	 	17,044,783	 	 	16,824,239	 	 	16,615,445	 	 	16,134,694	 	
Other time	  	11,751,246	 	 	12,089,882	 	 	12,262,902	 	 	12,243,372	 	 	11,285,875	 	
 	  			 			 			 			 			
Total consumer and commercial deposits	  	97,821,972	 	 	99,874,816	 	 	99,775,888	 	 	98,684,067	 	 	99,041,721	 	
Brokered deposits	  	16,659,978	 	 	18,203,295	 	 	18,150,059	 	 	18,264,554	 	 	18,425,635	 	
Foreign deposits	  	8,408,752	 	 	5,360,164	 	 	6,095,682	 	 	7,444,329	 	 	7,385,081	 	
 	  			 			 			 			 			
Total deposits	  	122,890,702	 	 	123,438,275	 	 	124,021,629	 	 	124,392,950	 	 	124,852,437	 	
Funds purchased	  	3,405,459	 	 	6,433,195	 	 	4,867,591	 	 	5,926,570	 	 	4,527,339	 	
Securities sold under agreements to repurchase	  	6,081,096	 	 	6,851,863	 	 	6,950,426	 	 	7,362,480	 	 	7,158,914	 	
Other short-term borrowings	  	2,083,518	 	 	1,958,438	 	 	2,062,636	 	 	1,744,479	 	 	1,438,891	 	
Long-term debt	  	20,604,933	 	 	19,007,959	 	 	18,992,905	 	 	17,477,276	 	 	18,222,162	 	
Trading liabilities	  	2,156,279	 	 	1,642,958	 	 	1,634,097	 	 	1,611,648	 	 	1,574,107	 	
Other liabilities	  	5,723,532	 	 	9,083,615	 	 	5,818,719	 	 	5,999,843	 	 	5,945,674	 	
 	  			 			 			 			 			
Total liabilities	  	162,945,519	 	 	168,416,303	 	 	164,348,003	 	 	164,515,246	 	 	163,719,524	 	
 	  			 			 			 			 			
SHAREHOLDERS’ EQUITY	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Preferred stock, no par value	  	500,000	 	 	500,000	 	 	500,000	 	 	500,000	 	 	-  	 	
Common stock, $1.00 par value	  	370,578	 	 	370,578	 	 	370,578	 	 	370,578	 	 	370,578	 	
Additional paid in capital	  	6,589,387	 	 	6,688,660	 	 	6,627,196	 	 	6,735,458	 	 	6,751,929	 	
Retained earnings	  	10,739,449	 	 	10,325,246	 	 	10,541,152	 	 	10,258,441	 	 	9,943,155	 	
Treasury stock, at cost, and other	  	(1,751,449	)	 	(1,101,172	)	 	(1,151,269	)	 	(453,934	)	 	(418,262	)	
Accumulated other comprehensive income	  	920,888	 	 	1,185,226	 	 	925,949	 	 	1,178,764	 	 	776,520	 	
 	  			 			 			 			 			
Total shareholders’ equity	  	17,368,853	 	 	17,968,538	 	 	17,813,606	 	 	18,589,307	 	 	17,423,920	 	
 	  			 			 			 			 			
Total liabilities and shareholders’ equity	  	$180,314,372	 	 	$186,384,841	 	 	$182,161,609	 	 	$183,104,553	 	 	$181,143,444	 	
 	  			 			 			 			 			
Common shares outstanding	  	349,052,800	 	 	356,504,563	 	 	354,902,566	 	 	363,868,470	 	 	364,129,209	 	
Common shares authorized	  	750,000,000	 	 	750,000,000	 	 	750,000,000	 	 	750,000,000	 	 	750,000,000	 	
Preferred shares outstanding	  	5,000	 	 	5,000	 	 	5,000	 	 	5,000	 	 	-  	 	
Preferred shares authorized	  	50,000,000	 	 	50,000,000	 	 	50,000,000	 	 	50,000,000	 	 	50,000,000	 	
Treasury shares of common stock	  	21,525,598	 	 	14,073,835	 	 	15,675,832	 	 	6,709,928	 	 	6,449,189	 	

1    Includes net unrealized gains of	  	$2,035,623	 	 	$2,333,896	 	 	$2,103,362	 	 	$1,915,277	 	 	$1,309,753	 	
2    Includes earning assets of	  	157,094,873	 	 	163,299,162	 	 	159,063,834	 	 	160,287,584	 	 	158,845,216	 	
 
Page 4

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

																					
 	  	Three Months Ended
	 	 	Six Months Ended
	 	
 	  	June 30
	  	Increase/(Decrease)  2
	 	 	June 30
	  	Increase/(Decrease)  2
	 	
 	  	2007
	  	2006
	  	Amount
	 	 	%
	 	 	2007
	  	2006
	  	Amount
	 	 	%
	 	
Interest income	  	$2,543,870	  	$2,423,087	  	$120,783	 	 	5.0	%	 	$5,071,927	  	$4,701,800	  	$370,127	 	 	7.9	%	
Interest expense	  	1,348,586	  	1,254,344	  	94,242	 	 	7.5	 	 	2,712,084	  	2,354,016	  	358,068	 	 	15.2	 	
 	  		  		  			 	 	 	 		  		  			 	 	 	
NET INTEREST INCOME	  	1,195,284	  	1,168,743	  	26,541	 	 	2.3	 	 	2,359,843	  	2,347,784	  	12,059	 	 	0.5	 	
Provision for loan losses	  	104,680	  	51,759	  	52,921	 	 	NM	 	 	161,121	  	85,162	  	75,959	 	 	89.2	 	
 	  		  		  			 	 	 	 		  		  			 	 	 	
NET INTEREST INCOME AFTER	  	 	  	 	  	 	 	 	 	 	 	 	  	 	  	 	 	 	 	 	
PROVISION FOR LOAN LOSSES	  	1,090,604	  	1,116,984	  	(26,380	)	 	(2.4	)	 	2,198,722	  	2,262,622	  	(63,900	)	 	(2.8	)	

NONINTEREST INCOME	  	 	  	 	  	 	 	 	 	 	 	 	  	 	  	 	 	 	 	 	
Service charges on deposit accounts	  	196,844	  	191,645	  	5,199	 	 	2.7	 	 	385,879	  	377,830	  	8,049	 	 	2.1	 	
Trust and investment management income	  	164,620	  	175,811	  	(11,191	)	 	(6.4	)	 	338,938	  	343,900	  	(4,962	)	 	(1.4	)	
Retail investment services	  	71,785	  	58,441	  	13,344	 	 	22.8	 	 	135,328	  	113,430	  	21,898	 	 	19.3	 	
Other charges and fees	  	118,358	  	113,948	  	4,410	 	 	3.9	 	 	236,495	  	226,330	  	10,165	 	 	4.5	 	
Investment banking income	  	61,999	  	60,481	  	1,518	 	 	2.5	 	 	112,156	  	112,296	  	(140	)	 	(0.1	)	
Trading account profits and commissions	  	16,437	  	46,182	  	(29,745	)	 	(64.4	)	 	106,638	  	83,057	  	23,581	 	 	28.4	 	
Card fees	  	68,580	  	61,941	  	6,639	 	 	10.7	 	 	132,775	  	118,544	  	14,231	 	 	12.0	 	
Mortgage production related income	  	64,322	  	56,579	  	7,743	 	 	13.7	 	 	55,667	  	119,616	  	(63,949	)	 	(53.5	)	
Mortgage servicing related income	  	45,527	  	31,401	  	14,126	 	 	45.0	 	 	80,930	  	76,111	  	4,819	 	 	6.3	 	
Other noninterest income	  	109,738	  	73,082	  	36,656	 	 	50.2	 	 	212,290	  	149,799	  	62,491	 	 	41.7	 	
Securities gains/(losses), net	  	236,412	  	5,858	  	230,554	 	 	NM	 	 	236,432	  	5,962	  	230,470	 	 	NM	 	
 	  		  		  			 	 	 	 		  		  			 	 	 	
Total noninterest income	  	1,154,622	  	875,369	  	279,253	 	 	31.9	 	 	2,033,528	  	1,726,875	  	306,653	 	 	17.8	 	

NONINTEREST EXPENSE	  	 	  	 	  	 	 	 	 	 	 	 	  	 	  	 	 	 	 	 	
Employee compensation and benefits	  	710,613	  	689,073	  	21,540	 	 	3.1	 	 	1,409,613	  	1,394,038	  	15,575	 	 	1.1	 	
Net occupancy expense	  	84,650	  	81,710	  	2,940	 	 	3.6	 	 	170,907	  	162,754	  	8,153	 	 	5.0	 	
Outside processing and software	  	100,730	  	98,447	  	2,283	 	 	2.3	 	 	200,406	  	193,339	  	7,067	 	 	3.7	 	
Equipment expense	  	53,823	  	48,107	  	5,716	 	 	11.9	 	 	103,232	  	97,555	  	5,677	 	 	5.8	 	
Marketing and customer development	  	43,326	  	49,378	  	(6,052	)	 	(12.3	)	 	89,031	  	92,024	  	(2,993	)	 	(3.3	)	
Amortization of intangible assets	  	24,904	  	25,885	  	(981	)	 	(3.8	)	 	48,446	  	53,130	  	(4,684	)	 	(8.8	)	
Other noninterest expense	  	233,148	  	221,493	  	11,655	 	 	5.3	 	 	465,556	  	447,744	  	17,812	 	 	4.0	 	
 	  		  		  			 	 	 	 		  		  			 	 	 	
Total noninterest expense	  	1,251,194	  	1,214,093	  	37,101	 	 	3.1	 	 	2,487,191	  	2,440,584	  	46,607	 	 	1.9	 	

INCOME BEFORE PROVISION FOR INCOME TAXES	  	994,032	  	778,260	  	215,772	 	 	27.7	 	 	1,745,059	  	1,548,913	  	196,146	 	 	12.7	 	
Provision for income taxes	  	312,601	  	234,258	  	78,343	 	 	33.4	 	 	542,332	  	473,384	  	68,948	 	 	14.6	 	
 	  		  		  			 	 	 	 		  		  			 	 	 	
Net income	  	681,431	  	544,002	  	137,429	 	 	25.3	 	 	1,202,727	  	1,075,529	  	127,198	 	 	11.8	 	
Preferred dividends	  	7,519	  	-  	  	7,519	 	 	100.0	 	 	14,882	  	-  	  	14,882	 	 	100.0	 	

NET INCOME AVAILABLE TO COMMON SHAREHOLDERS	  	$673,912	  	$544,002	  	$129,910	 	 	23.9	 	 	$1,187,845	  	$1,075,529	  	$112,316	 	 	10.4	 	
 	  		  		  			 	 	 	 		  		  			 	 	 	
Net interest income - FTE 1	  	$1,219,952	  	$1,190,026	  	$29,926	 	 	2.5	 	 	$2,408,224	  	$2,389,405	  	$18,819	 	 	0.8	 	
									
Net income per average common share	  	 	  	 	  	 	 	 	 	 	 	 	  	 	  	 	 	 	 	 	
Diluted	  	1.89	  	1.49	  	0.40	 	 	26.8	 	 	3.33	  	2.96	  	0.37	 	 	12.5	 	
Basic	  	1.91	  	1.51	  	0.40	 	 	26.5	 	 	3.37	  	2.98	  	0.39	 	 	13.1	 	
									
Cash dividends paid per common share	  	0.73	  	0.61	  	0.12	 	 	19.4	 	 	1.46	  	1.22	  	0.24	 	 	19.6	 	
Average common shares outstanding (000s)	  	 	  	 	  	 	 	 	 	 	 	 	  	 	  	 	 	 	 	 	
Diluted	  	356,008	  	364,391	  	(8,383	)	 	(2.3	)	 	356,608	  	363,917	  	(7,309	)	 	(2.0	)	
Basic	  	351,987	  	361,267	  	(9,280	)	 	(2.6	)	 	352,713	  	360,604	  	(7,891	)	 	(2.2	)	

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

2	“NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.	
 
Page 5

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

													
 	  	Three Months Ended
	
 	  	June 30
2007
	  	March 31
2007
	 	 	December 31
2006
	  	September 30
2006
	 	 	June 30
2006
	
Interest income	  	$2,543,870	  	$2,528,057	 	 	$2,564,731	  	$2,525,489	 	 	$2,423,087	
Interest expense	  	1,348,586	  	1,363,498	 	 	1,403,442	  	1,374,097	 	 	1,254,344	
 	  		  			 		  			 		
NET INTEREST INCOME	  	1,195,284	  	1,164,559	 	 	1,161,289	  	1,151,392	 	 	1,168,743	
Provision for loan losses	  	104,680	  	56,441	 	 	115,806	  	61,568	 	 	51,759	
 	  		  			 		  			 		
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	  	1,090,604	  	1,108,118	 	 	1,045,483	  	1,089,824	 	 	1,116,984	

NONINTEREST INCOME	  	 	  	 	 	 	 	  	 	 	 	 	
Service charges on deposit accounts	  	196,844	  	189,035	 	 	191,628	  	194,262	 	 	191,645	
Trust and investment management income	  	164,620	  	174,318	 	 	169,248	  	173,717	 	 	175,811	
Retail investment services	  	71,785	  	63,543	 	 	65,000	  	55,544	 	 	58,441	
Other charges and fees	  	118,358	  	118,137	 	 	122,386	  	113,347	 	 	113,948	
Investment banking income	  	61,999	  	50,157	 	 	71,211	  	47,046	 	 	60,481	
Trading account profits and commissions	  	16,437	  	90,201	 	 	9,586	  	20,404	 	 	46,182	
Card fees	  	68,580	  	64,195	 	 	64,187	  	64,916	 	 	61,941	
Mortgage production related income	  	64,322	  	(8,655	)	 	47,476	  	50,336	 	 	56,579	
Mortgage servicing related income	  	45,527	  	35,403	 	 	8,994	  	36,633	 	 	31,401	
Net gain on sale of Bond Trustee business	  	-  	  	-  	 	 	-  	  	112,759	 	 	-  	
Gain on sale upon merger of Lighthouse Partners	  	-  	  	32,340	 	 	-  	  	-  	 	 	-  	
Other noninterest income	  	109,738	  	70,212	 	 	97,473	  	81,783	 	 	73,082	
Securities gains/(losses), net	  	236,412	  	20	 	 	35,377	  	(91,816	)	 	5,858	
 	  		  			 		  			 		
Total noninterest income	  	1,154,622	  	878,906	 	 	882,566	  	858,931	 	 	875,369	

NONINTEREST EXPENSE	  	 	  	 	 	 	 	  	 	 	 	 	
Employee compensation and benefits	  	710,613	  	699,000	 	 	657,093	  	674,322	 	 	689,073	
Net occupancy expense	  	84,650	  	86,257	 	 	85,846	  	85,613	 	 	81,710	
Outside processing and software	  	100,730	  	99,676	 	 	101,538	  	98,699	 	 	98,447	
Equipment expense	  	53,823	  	49,409	 	 	49,234	  	50,249	 	 	48,107	
Marketing and customer development	  	43,326	  	45,705	 	 	45,249	  	35,932	 	 	49,378	
Amortization of intangible assets	  	24,904	  	23,542	 	 	24,304	  	25,792	 	 	25,885	
Loss on extinguishment of debt	  	-  	  	-  	 	 	11,665	  	-  	 	 	-  	
Other noninterest expense	  	233,148	  	232,408	 	 	258,848	  	234,892	 	 	221,493	
 	  		  			 		  			 		
Total noninterest expense	  	1,251,194	  	1,235,997	 	 	1,233,777	  	1,205,499	 	 	1,214,093	

INCOME BEFORE PROVISION FOR INCOME TAXES	  	994,032	  	751,027	 	 	694,272	  	743,256	 	 	778,260	
Provision for income taxes	  	312,601	  	229,731	 	 	187,918	  	207,668	 	 	234,258	
 	  		  			 		  			 		
Net income	  	681,431	  	521,296	 	 	506,354	  	535,588	 	 	544,002	
Preferred dividends	  	7,519	  	7,363	 	 	7,729	  	-  	 	 	-  	
 	  		  			 		  			 		
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS	  	$673,912	  	$513,933	 	 	$498,625	  	$535,588	 	 	$544,002	
 	  		  			 		  			 		
Net interest income - FTE 1	  	$1,219,952	  	$1,188,272	 	 	$1,185,166	  	$1,173,860	 	 	$1,190,026	
Net income per average common share	  	 	  	 	 	 	 	  	 	 	 	 	
Diluted	  	1.89	  	1.44	 	 	1.39	  	1.47	 	 	1.49	
Basic	  	1.91	  	1.45	 	 	1.41	  	1.48	 	 	1.51	
						
Cash dividends paid per common share	  	0.73	  	0.73	 	 	0.61	  	0.61	 	 	0.61	
Average common shares outstanding (000s)	  	 	  	 	 	 	 	  	 	 	 	 	
Diluted	  	356,008	  	357,214	 	 	358,292	  	365,121	 	 	364,391	
Basic	  	351,987	  	353,448	 	 	354,677	  	361,805	 	 	361,267	

1	Net interest income includes the effects of FTE adjustments using a federal tax rate of 35% and state income taxes where applicable to increase tax-exempt interest income to a taxable-equivalent basis.	
 
Page 6

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

																	
 	  	Three Months Ended
	 	
 	  	June 30, 2007
	 	 	March 31, 2007
	 	
 	  	Average
Balances
	 	 	Interest
Income/
Expense
	  	Yields/
Rates
	 	 	Average
Balances
	 	 	Interest
Income/
Expense
	  	Yields/
Rates
	 	
ASSETS	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	
Loans:	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	
Real estate 1-4 family	  	$30,754.4	 	 	$493.2	  	6.42	%	 	$34,089.1	 	 	$527.3	  	6.19	%	
Real estate construction	  	13,710.1	 	 	259.4	  	7.59	 	 	13,430.3	 	 	252.7	  	7.63	 	
Real estate home equity lines	  	13,849.7	 	 	272.4	  	7.89	 	 	13,738.1	 	 	268.3	  	7.92	 	
Real estate commercial	  	12,731.8	 	 	220.8	  	6.95	 	 	12,830.6	 	 	220.2	  	6.96	 	
Commercial - FTE 1	  	33,607.7	 	 	539.6	  	6.44	 	 	34,032.8	 	 	535.6	  	6.38	 	
Business credit card	  	403.7	 	 	5.9	  	5.80	 	 	369.5	 	 	5.5	  	5.94	 	
Consumer - direct	  	4,347.5	 	 	78.2	  	7.21	 	 	4,220.5	 	 	76.0	  	7.30	 	
Consumer - indirect	  	8,063.6	 	 	123.1	  	6.12	 	 	8,166.5	 	 	122.0	  	6.06	 	
Nonaccrual and restructured	  	696.1	 	 	4.8	  	2.76	 	 	637.5	 	 	4.5	  	2.85	 	
 	  			 		  			 			 		  			
Total loans	  	118,164.6	 	 	1,997.4	  	6.78	 	 	121,514.9	 	 	2,012.1	  	6.72	 	
Securities available for sale:	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	
Taxable	  	11,014.3	 	 	167.7	  	6.09	 	 	6,650.6	 	 	108.7	  	6.54	 	
Tax-exempt - FTE 1	  	1,041.2	 	 	15.2	  	5.85	 	 	1,038.8	 	 	15.2	  	5.86	 	
 	  			 		  			 			 		  			
Total securities available for sale - FTE 1	  	12,055.5	 	 	182.9	  	6.07	 	 	7,689.4	 	 	123.9	  	6.44	 	
Funds sold and securities purchased under agreements to resell	  	1,038.1	 	 	13.2	  	5.04	 	 	1,006.3	 	 	12.9	  	5.12	 	
Loans held for sale	  	13,454.3	 	 	200.4	  	5.96	 	 	11,205.2	 	 	173.7	  	6.20	 	
Interest-bearing deposits	  	24.1	 	 	0.3	  	5.74	 	 	28.9	 	 	0.4	  	5.69	 	
Interest earning trading assets	  	12,857.6	 	 	174.3	  	5.44	 	 	18,028.9	 	 	228.8	  	5.15	 	
 	  			 		  			 			 		  			
Total earning assets	  	157,594.2	 	 	2,568.5	  	6.54	 	 	159,473.6	 	 	2,551.8	  	6.49	 	
Allowance for loan and lease losses	  	(1,037.6	)	 	 	  	 	 	 	(1,050.5	)	 	 	  	 	 	
Cash and due from banks	  	3,427.7	 	 	 	  	 	 	 	3,520.0	 	 	 	  	 	 	
Premises and equipment	  	1,980.1	 	 	 	  	 	 	 	2,001.0	 	 	 	  	 	 	
Other assets	  	14,646.8	 	 	 	  	 	 	 	14,271.9	 	 	 	  	 	 	
Noninterest earning trading assets	  	986.6	 	 	 	  	 	 	 	985.1	 	 	 	  	 	 	
Unrealized gains on securities available for sale, net	  	2,398.7	 	 	 	  	 	 	 	2,305.3	 	 	 	  	 	 	
 	  			 	 	  	 	 	 			 	 	  	 	 	
Total assets	  	$179,996.5	 	 	 	  	 	 	 	$181,506.4	 	 	 	  	 	 	

LIABILITIES AND SHAREHOLDERS’ EQUITY	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	
Interest-bearing deposits:	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	
NOW accounts	  	$20,065.8	 	 	$119.0	  	2.38	%	 	$19,820.1	 	 	$115.9	  	2.37	%	
Money market accounts	  	21,773.3	 	 	142.0	  	2.62	 	 	22,089.1	 	 	142.9	  	2.62	 	
Savings	  	4,786.7	 	 	14.8	  	1.24	 	 	5,024.8	 	 	16.3	  	1.32	 	
Consumer time	  	16,942.3	 	 	190.5	  	4.51	 	 	16,809.4	 	 	183.1	  	4.42	 	
Other time	  	11,962.4	 	 	144.5	  	4.85	 	 	12,115.8	 	 	144.0	  	4.82	 	
 	  			 		  			 			 		  			
Total interest-bearing consumer and commercial deposits	  	75,530.5	 	 	610.8	  	3.24	 	 	75,859.2	 	 	602.2	  	3.22	 	
Brokered deposits	  	16,972.2	 	 	227.5	  	5.30	 	 	18,888.5	 	 	250.8	  	5.31	 	
Foreign deposits	  	7,011.2	 	 	92.9	  	5.24	 	 	7,825.6	 	 	102.9	  	5.26	 	
 	  			 		  			 			 		  			
Total interest-bearing deposits	  	99,513.9	 	 	931.2	  	3.75	 	 	102,573.3	 	 	955.9	  	3.78	 	
Funds purchased	  	3,967.7	 	 	52.2	  	5.21	 	 	4,693.1	 	 	61.2	  	5.22	 	
Securities sold under agreements to repurchase	  	6,339.0	 	 	74.4	  	4.64	 	 	6,768.0	 	 	79.5	  	4.70	 	
Other short-term borrowings	  	2,262.3	 	 	32.7	  	5.79	 	 	1,758.4	 	 	26.0	  	6.00	 	
Long-term debt	  	19,772.4	 	 	258.0	  	5.24	 	 	19,000.8	 	 	240.9	  	5.14	 	
 	  			 		  			 			 		  			
Total interest-bearing liabilities	  	131,855.3	 	 	1,348.5	  	4.10	 	 	134,793.6	 	 	1,363.5	  	4.10	 	
Noninterest-bearing deposits	  	22,395.8	 	 	 	  	 	 	 	21,933.1	 	 	 	  	 	 	
Other liabilities	  	7,817.3	 	 	 	  	 	 	 	7,059.3	 	 	 	  	 	 	
Shareholders’ equity	  	17,928.1	 	 	 	  	 	 	 	17,720.4	 	 	 	  	 	 	
 	  			 	 	  	 	 	 			 	 	  	 	 	
Total liabilities and shareholders’ equity	  	$179,996.5	 	 	 	  	 	 	 	$181,506.4	 	 	 	  	 	 	

Interest Rate Spread	  	 	 	 	 	  	2.44	%	 	 	 	 	 	  	2.39	%	

Net Interest Income - FTE 1	  	 	 	 	$1,220.0	  	 	 	 	 	 	 	$1,188.3	  	 	 	

Net Interest Margin 2	  	 	 	 	 	  	3.10	%	 	 	 	 	 	  	3.02	%	

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
	 	
 	  	December 31, 2006
	 	 	September 30, 2006
	 	 	June 30, 2006
	 	
 	  	Average
Balances
	 	 	Interest
Income/
Expense
	  	Yields/
Rates
	 	 	Average
Balances
	 	 	Interest
Income/
Expense
	  	Yields/
Rates
	 	 	Average
Balances
	 	 	Interest
Income/
Expense
	  	Yields/
Rates
	 	
ASSETS	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	
Loans:	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	
Real estate 1-4 family	  	$34,345.4	 	 	$531.8	  	6.19	%	 	$33,875.7	 	 	$519.4	  	6.13	%	 	$34,348.0	 	 	$515.1	  	6.00	%	
Real estate construction	  	13,204.0	 	 	254.3	  	7.64	 	 	12,805.6	 	 	247.5	  	7.67	 	 	12,180.6	 	 	226.4	  	7.45	 	
Real estate home equity lines	  	13,722.9	 	 	273.4	  	7.90	 	 	13,626.3	 	 	270.2	  	7.87	 	 	13,517.5	 	 	253.6	  	7.52	 	
Real estate commercial	  	12,784.8	 	 	223.1	  	6.93	 	 	12,808.6	 	 	223.4	  	6.92	 	 	12,840.8	 	 	215.5	  	6.73	 	
Commercial - FTE 1	  	33,965.1	 	 	545.8	  	6.37	 	 	34,306.9	 	 	542.1	  	6.27	 	 	33,993.0	 	 	516.7	  	6.10	 	
Business credit card	  	351.4	 	 	5.3	  	5.99	 	 	323.8	 	 	5.0	  	6.14	 	 	307.0	 	 	4.6	  	5.96	 	
Consumer - direct	  	4,116.3	 	 	76.8	  	7.40	 	 	4,206.9	 	 	76.7	  	7.23	 	 	4,251.1	 	 	75.9	  	7.16	 	
Consumer - indirect	  	8,231.8	 	 	123.8	  	5.97	 	 	8,339.1	 	 	121.5	  	5.78	 	 	8,385.8	 	 	117.0	  	5.60	 	
Nonaccrual and restructured	  	642.1	 	 	5.0	  	3.06	 	 	449.1	 	 	4.4	  	3.87	 	 	320.7	 	 	3.1	  	3.88	 	
 	  			 		  			 			 		  			 			 		  			
Total loans	  	121,363.8	 	 	2,039.3	  	6.67	 	 	120,742.0	 	 	2,010.2	  	6.61	 	 	120,144.5	 	 	1,927.9	  	6.44	 	
Securities available for sale:	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	
Taxable	  	22,170.4	 	 	282.0	  	5.09	 	 	23,027.9	 	 	286.9	  	4.98	 	 	24,621.2	 	 	294.8	  	4.79	 	
Tax-exempt - FTE 1	  	998.0	 	 	14.6	  	5.85	 	 	968.7	 	 	14.1	  	5.84	 	 	933.6	 	 	13.7	  	5.85	 	
 	  			 		  			 			 		  			 			 		  			
Total securities available for sale - FTE 1	  	23,168.4	 	 	296.6	  	5.12	 	 	23,996.6	 	 	301.0	  	5.02	 	 	25,554.8	 	 	308.5	  	4.83	 	
Funds sold and securities purchased under agreements to resell	  	1,176.3	 	 	15.4	  	5.15	 	 	1,084.1	 	 	14.3	  	5.16	 	 	1,244.1	 	 	15.2	  	4.83	 	
Loans held for sale	  	12,009.3	 	 	198.4	  	6.61	 	 	11,026.4	 	 	188.0	  	6.82	 	 	9,929.3	 	 	163.7	  	6.59	 	
Interest-bearing deposits	  	31.2	 	 	0.3	  	3.76	 	 	25.8	 	 	0.3	  	5.04	 	 	27.0	 	 	0.3	  	4.73	 	
Interest earning trading assets	  	2,365.8	 	 	38.6	  	6.46	 	 	2,039.8	 	 	34.2	  	6.64	 	 	1,989.1	 	 	28.7	  	5.78	 	
 	  			 		  			 			 		  			 			 		  			
Total earning assets	  	160,114.8	 	 	2,588.6	  	6.41	 	 	158,914.7	 	 	2,548.0	  	6.36	 	 	158,888.8	 	 	2,444.3	  	6.17	 	
Allowance for loan and lease losses	  	(1,086.1	)	 	 	  	 	 	 	(1,070.8	)	 	 	  	 	 	 	(1,050.1	)	 	 	  	 	 	
Cash and due from banks	  	3,683.1	 	 	 	  	 	 	 	3,705.8	 	 	 	  	 	 	 	3,899.6	 	 	 	  	 	 	
Premises and equipment	  	1,957.4	 	 	 	  	 	 	 	1,925.7	 	 	 	  	 	 	 	1,908.0	 	 	 	  	 	 	
Other assets	  	14,708.2	 	 	 	  	 	 	 	14,702.1	 	 	 	  	 	 	 	14,660.1	 	 	 	  	 	 	
Noninterest earning trading assets	  	1,000.5	 	 	 	  	 	 	 	948.8	 	 	 	  	 	 	 	909.7	 	 	 	  	 	 	
Unrealized gains on securities available for sale, net	  	1,965.4	 	 	 	  	 	 	 	1,374.6	 	 	 	  	 	 	 	1,528.0	 	 	 	  	 	 	
 	  			 	 	  	 	 	 			 	 	  	 	 	 			 	 	  	 	 	
Total assets	  	$182,343.3	 	 	 	  	 	 	 	$180,500.9	 	 	 	  	 	 	 	$180,744.1	 	 	 	  	 	 	

LIABILITIES AND SHAREHOLDERS’ EQUITY	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	
Interest-bearing deposits:	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	
NOW accounts	  	$18,441.1	 	 	$102.2	  	2.20	%	 	$16,596.2	 	 	$78.1	  	1.87	%	 	$16,811.2	 	 	$67.0	  	1.60	%	
Money market accounts	  	23,075.7	 	 	153.1	  	2.63	 	 	24,267.0	 	 	171.4	  	2.80	 	 	25,091.3	 	 	163.4	  	2.61	 	
Savings	  	5,437.0	 	 	23.6	  	1.73	 	 	5,591.2	 	 	24.1	  	1.71	 	 	5,161.0	 	 	16.2	  	1.26	 	
Consumer time	  	16,682.8	 	 	180.8	  	4.30	 	 	16,402.5	 	 	169.8	  	4.11	 	 	15,471.7	 	 	146.7	  	3.80	 	
Other time	  	12,338.6	 	 	148.3	  	4.77	 	 	11,852.2	 	 	138.1	  	4.62	 	 	10,779.1	 	 	114.8	  	4.27	 	
 	  			 		  			 			 		  			 			 		  			
Total interest-bearing consumer and commercial deposits	  	75,975.2	 	 	608.0	  	3.18	 	 	74,709.1	 	 	581.5	  	3.09	 	 	73,314.3	 	 	508.1	  	2.78	 	
Brokered deposits	  	18,102.0	 	 	243.1	  	5.25	 	 	18,420.7	 	 	246.1	  	5.23	 	 	17,692.0	 	 	218.6	  	4.89	 	
Foreign deposits	  	8,022.2	 	 	107.6	  	5.25	 	 	9,537.6	 	 	128.5	  	5.27	 	 	9,502.3	 	 	117.5	  	4.89	 	
 	  			 		  			 			 		  			 			 		  			
Total interest-bearing deposits	  	102,099.4	 	 	958.7	  	3.73	 	 	102,667.4	 	 	956.1	  	3.69	 	 	100,508.6	 	 	844.2	  	3.37	 	
Funds purchased	  	5,163.4	 	 	68.8	  	5.21	 	 	4,206.7	 	 	56.2	  	5.23	 	 	4,402.3	 	 	54.2	  	4.87	 	
Securities sold under agreements to repurchase	  	7,148.8	 	 	86.3	  	4.72	 	 	7,146.3	 	 	86.0	  	4.71	 	 	7,184.1	 	 	79.4	  	4.37	 	
Other short-term borrowings	  	1,913.3	 	 	29.7	  	6.17	 	 	1,001.3	 	 	16.9	  	6.70	 	 	1,252.4	 	 	18.0	  	5.78	 	
Long-term debt	  	17,854.2	 	 	259.9	  	5.78	 	 	17,735.2	 	 	258.9	  	5.79	 	 	18,438.0	 	 	258.5	  	5.62	 	
 	  			 		  			 			 		  			 			 		  			
Total interest-bearing liabilities	  	134,179.1	 	 	1,403.4	  	4.15	 	 	132,756.9	 	 	1,374.1	  	4.11	 	 	131,785.4	 	 	1,254.3	  	3.82	 	
Noninterest-bearing deposits	  	22,577.7	 	 	 	  	 	 	 	22,933.4	 	 	 	  	 	 	 	23,858.0	 	 	 	  	 	 	
Other liabilities	  	7,431.0	 	 	 	  	 	 	 	7,148.8	 	 	 	  	 	 	 	7,796.3	 	 	 	  	 	 	
Shareholders’ equity	  	18,155.5	 	 	 	  	 	 	 	17,661.8	 	 	 	  	 	 	 	17,304.4	 	 	 	  	 	 	
 	  			 	 	  	 	 	 			 	 	  	 	 	 			 	 	  	 	 	
Total liabilities and shareholders’ equity	  	$182,343.3	 	 	 	  	 	 	 	$180,500.9	 	 	 	  	 	 	 	$180,744.1	 	 	 	  	 	 	

Interest Rate Spread	  	 	 	 	 	  	2.26	%	 	 	 	 	 	  	2.25	%	 	 	 	 	 	  	2.35	%	

Net Interest Income - FTE 1	  	 	 	 	$1,185.2	  	 	 	 	 	 	 	$1,173.9	  	 	 	 	 	 	 	$1,190.0	  	 	 	

Net Interest Margin 2	  	 	 	 	 	  	2.94	%	 	 	 	 	 	  	2.93	%	 	 	 	 	 	  	3.00	%	

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

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

																	
 	  	Six Months Ended
	 	
 	  	June 30, 2007
	 	 	June 30, 2006
	 	
 	  	Average
Balances
	 	 	Interest
Income/
Expense
	  	Yields/
Rates
	 	 	Average
Balances
	 	 	Interest
Income/
Expense
	  	Yields/
Rates
	 	
ASSETS	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	
Loans:	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	
Real estate 1-4 family	  	$32,412.5	 	 	$1,020.6	  	6.30	%	 	$32,926.7	 	 	$971.5	  	5.90	%	
Real estate construction	  	13,571.0	 	 	512.1	  	7.61	 	 	11,652.0	 	 	422.0	  	7.30	 	
Real estate home equity lines	  	13,794.2	 	 	540.6	  	7.90	 	 	13,454.1	 	 	488.7	  	7.33	 	
Real estate commercial	  	12,780.9	 	 	441.0	  	6.96	 	 	12,810.8	 	 	419.9	  	6.61	 	
Commercial - FTE 1	  	33,819.1	 	 	1,075.2	  	6.41	 	 	33,531.3	 	 	999.5	  	6.01	 	
Business credit card	  	386.7	 	 	11.3	  	5.87	 	 	292.6	 	 	9.0	  	6.12	 	
Consumer - direct	  	4,284.3	 	 	154.2	  	7.26	 	 	4,765.1	 	 	160.1	  	6.78	 	
Consumer - indirect	  	8,114.8	 	 	245.1	  	6.09	 	 	8,468.9	 	 	232.2	  	5.53	 	
Nonaccrual and restructured	  	667.0	 	 	9.2	  	2.80	 	 	312.6	 	 	7.2	  	4.67	 	
 	  			 		  			 			 		  			
Total loans	  	119,830.5	 	 	4,009.3	  	6.75	 	 	118,214.1	 	 	3,710.1	  	6.33	 	
Securities available for sale:	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	
Taxable	  	8,844.5	 	 	276.3	  	6.25	 	 	24,276.5	 	 	577.9	  	4.76	 	
Tax-exempt - FTE 1	  	1,040.0	 	 	30.5	  	5.86	 	 	925.1	 	 	27.1	  	5.85	 	
 	  			 		  			 			 		  			
Total securities available for sale - FTE 1	  	9,884.5	 	 	306.8	  	6.21	 	 	25,201.6	 	 	605.0	  	4.80	 	
Funds sold and securities purchased under agreement to resell	  	1,022.3	 	 	26.1	  	5.08	 	 	1,187.4	 	 	27.2	  	4.55	 	
Loans held for sale	  	12,336.0	 	 	374.1	  	6.07	 	 	10,640.5	 	 	341.6	  	6.42	 	
Interest-bearing deposits	  	26.4	 	 	0.8	  	5.71	 	 	159.5	 	 	2.7	  	3.46	 	
Interest earning trading assets	  	15,429.0	 	 	403.2	  	5.27	 	 	1,921.4	 	 	56.8	  	5.96	 	
 	  			 		  			 			 		  			
Total earning assets	  	158,528.7	 	 	5,120.3	  	6.51	 	 	157,324.5	 	 	4,743.4	  	6.08	 	
Allowance for loan and lease losses	  	(1,044.0	)	 	 	  	 	 	 	(1,044.0	)	 	 	  	 	 	
Cash and due from banks	  	3,473.6	 	 	 	  	 	 	 	3,977.4	 	 	 	  	 	 	
Premises and equipment	  	1,990.5	 	 	 	  	 	 	 	1,889.7	 	 	 	  	 	 	
Other assets	  	14,460.3	 	 	 	  	 	 	 	14,532.0	 	 	 	  	 	 	
Noninterest earning trading assets	  	985.9	 	 	 	  	 	 	 	940.0	 	 	 	  	 	 	
Unrealized gains on securities available for sale, net	  	2,352.2	 	 	 	  	 	 	 	1,570.2	 	 	 	  	 	 	
 	  			 	 	  	 	 	 			 	 	  	 	 	
Total assets	  	$180,747.2	 	 	 	  	 	 	 	$179,189.8	 	 	 	  	 	 	

LIABILITIES AND SHAREHOLDERS’ EQUITY	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	
Interest-bearing deposits:	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	
NOW accounts	  	$19,943.6	 	 	$235.0	  	2.38	%	 	$16,905.1	 	 	$127.5	  	1.52	%	
Money market accounts	  	21,930.3	 	 	284.8	  	2.62	 	 	25,358.4	 	 	310.0	  	2.47	 	
Savings	  	4,905.1	 	 	31.1	  	1.28	 	 	5,225.7	 	 	31.2	  	1.21	 	
Consumer time	  	16,876.2	 	 	373.6	  	4.46	 	 	14,687.5	 	 	264.0	  	3.63	 	
Other time	  	12,038.7	 	 	288.5	  	4.83	 	 	10,182.7	 	 	206.5	  	4.09	 	
 	  			 		  			 			 		  			
Total interest-bearing consumer and commercial deposits	  	75,693.9	 	 	1,213.0	  	3.23	 	 	72,359.4	 	 	939.2	  	2.62	 	
Brokered deposits	  	17,925.1	 	 	478.3	  	5.31	 	 	16,576.1	 	 	391.4	  	4.70	 	
Foreign deposits	  	7,416.1	 	 	195.8	  	5.25	 	 	9,353.9	 	 	219.3	  	4.66	 	
 	  			 		  			 			 		  			
Total interest-bearing deposits	  	101,035.1	 	 	1,887.1	  	3.77	 	 	98,289.4	 	 	1,549.9	  	3.18	 	
Funds purchased	  	4,328.4	 	 	113.4	  	5.21	 	 	4,189.8	 	 	98.0	  	4.65	 	
Securities sold under agreements to repurchase	  	6,552.4	 	 	154.0	  	4.67	 	 	7,025.5	 	 	147.8	  	4.18	 	
Other short-term borrowings	  	2,011.8	 	 	58.7	  	5.88	 	 	1,557.8	 	 	43.2	  	5.59	 	
Long-term debt	  	19,388.7	 	 	498.9	  	5.19	 	 	19,420.0	 	 	515.1	  	5.35	 	
 	  			 		  			 			 		  			
Total interest-bearing liabilities	  	133,316.4	 	 	2,712.1	  	4.10	 	 	130,482.5	 	 	2,354.0	  	3.64	 	
Noninterest-bearing deposits	  	22,165.7	 	 	 	  	 	 	 	23,878.2	 	 	 	  	 	 	
Other liabilities	  	7,440.3	 	 	 	  	 	 	 	7,650.3	 	 	 	  	 	 	
Shareholders’ equity	  	17,824.8	 	 	 	  	 	 	 	17,178.8	 	 	 	  	 	 	
 	  			 	 	  	 	 	 			 	 	  	 	 	
Total liabilities and shareholders’ equity	  	$180,747.2	 	 	 	  	 	 	 	$179,189.8	 	 	 	  	 	 	

Interest Rate Spread	  	 	 	 	 	  	2.41	%	 	 	 	 	 	  	2.44	%	

Net Interest Income - FTE 1	  	 	 	 	$2,408.2	  	 	 	 	 	 	 	$2,389.4	  	 	 	

Net Interest Margin 2	  	 	 	 	 	  	3.06	%	 	 	 	 	 	  	3.06	%	

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 annualized 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
	 	 		 	 	Six Months Ended
	 	 		 	
 	  	June 30
	 	 	%	 	 	June 30
	 	 	%	 	
 	  	2007
	 	 	2006
	 	 	Change 1
	 	 	2007
	 	 	2006
	 	 	Change 1
	 	
CREDIT DATA	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Allowance for loan and lease losses - beginning	  	$1,033,939	 	 	$1,039,247	 	 	(0.5	)%	 	$1,044,521	 	 	$1,028,128	 	 	1.6	%	
Provision for loan losses	  	104,680	 	 	51,759	 	 	NM	 	 	161,121	 	 	85,162	 	 	89.2	 	
Allowance associated with loans at fair value 2	  	-  	 	 	-  	 	 	-  	 	 	(4,100	)	 	-  	 	 	(100.0	)	
Charge-offs	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial	  	(40,853	)	 	(19,155	)	 	NM	 	 	(63,133	)	 	(32,608	)	 	93.6	 	
Real estate:	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Home equity lines	  	(24,429	)	 	(5,534	)	 	NM	 	 	(40,301	)	 	(11,318	)	 	NM	 	
Construction	  	(1,468	)	 	(109	)	 	NM	 	 	(2,066	)	 	(237	)	 	NM	 	
Residential mortgages	  	(19,615	)	 	(6,373	)	 	NM	 	 	(33,908	)	 	(12,677	)	 	NM	 	
Commercial real estate	  	(694	)	 	(2,346	)	 	(70.4	)	 	(981	)	 	(3,307	)	 	(70.3	)	
Consumer:	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Direct	  	(5,362	)	 	(5,408	)	 	(0.9	)	 	(11,218	)	 	(11,542	)	 	(2.8	)	
Indirect	  	(19,301	)	 	(16,724	)	 	15.4	 	 	(45,062	)	 	(38,226	)	 	17.9	 	
 	  			 			 	 	 	 			 			 	 	 	
Total charge-offs	  	(111,722	)	 	(55,649	)	 	NM	 	 	(196,669	)	 	(109,915	)	 	78.9	 	
 	  			 			 	 	 	 			 			 	 	 	
Recoveries	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial	  	5,536	 	 	6,595	 	 	(16.1	)	 	11,307	 	 	13,678	 	 	(17.3	)	
Real estate:	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Home equity lines	  	2,323	 	 	1,743	 	 	33.3	 	 	3,506	 	 	3,693	 	 	(5.1	)	
Construction	  	244	 	 	711	 	 	(65.7	)	 	363	 	 	765	 	 	(52.5	)	
Residential mortgages	  	1,614	 	 	2,123	 	 	(24.0	)	 	3,027	 	 	4,392	 	 	(31.1	)	
Commercial real estate	  	162	 	 	595	 	 	(72.8	)	 	203	 	 	3,989	 	 	(94.9	)	
Consumer:	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Direct	  	2,568	 	 	3,014	 	 	(14.8	)	 	5,021	 	 	6,608	 	 	(24.0	)	
Indirect	  	11,018	 	 	11,724	 	 	(6.0	)	 	22,062	 	 	25,362	 	 	(13.0	)	
 	  			 			 	 	 	 			 			 	 	 	
Total recoveries	  	23,465	 	 	26,505	 	 	(11.5	)	 	45,489	 	 	58,487	 	 	(22.2	)	
 	  			 			 	 	 	 			 			 	 	 	
Net charge-offs	  	(88,257	)	 	(29,144	)	 	NM	 	 	(151,180	)	 	(51,428	)	 	NM	 	
 	  			 			 	 	 	 			 			 	 	 	
Allowance for loan and lease losses - ending	  	$1,050,362	 	 	$1,061,862	 	 	(1.1	)	 	$1,050,362	 	 	$1,061,862	 	 	(1.1	)	
 	  			 			 	 	 	 			 			 	 	 	
Net charge-offs to average loans (annualized)	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial	  	0.42	%	 	0.15	%	 	NM	%	 	0.30	%	 	0.11	%	 	NM	%	
Real estate:	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Home equity lines	  	0.64	 	 	0.11	 	 	NM	 	 	0.54	 	 	0.11	 	 	NM	 	
Construction	  	0.04	 	 	(0.02	)	 	NM	 	 	0.03	 	 	(0.01	)	 	NM	 	
Residential mortgages	  	0.23	 	 	0.05	 	 	NM	 	 	0.19	 	 	0.05	 	 	NM	 	
Commercial real estate	  	0.02	 	 	0.05	 	 	(69.4	)	 	0.01	 	 	(0.01	)	 	NM	 	
Consumer:	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Direct	  	0.26	 	 	0.23	 	 	14.1	 	 	0.29	 	 	0.21	 	 	38.9	 	
Indirect	  	0.41	 	 	0.24	 	 	71.4	 	 	0.57	 	 	0.31	 	 	84.1	 	
Total net charge-offs to total average loans	  	0.30	 	 	0.10	 	 	NM	 	 	0.25	 	 	0.09	 	 	NM	 	
							
Period Ended	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
							
Nonaccrual loans	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial	  	$91,895	 	 	$69,184	 	 	32.8	%	 	 	 	 	 	 	 	 	 	
Real estate:	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Construction	  	77,936	 	 	21,743	 	 	NM	 	 	 	 	 	 	 	 	 	 	
Residential mortgages 3	  	511,566	 	 	136,101	 	 	NM	 	 	 	 	 	 	 	 	 	 	
Commercial real estate	  	44,168	 	 	53,081	 	 	(16.8	)	 	 	 	 	 	 	 	 	 	
Consumer loans	  	11,235	 	 	18,861	 	 	(40.4	)	 	 	 	 	 	 	 	 	 	
 	  			 			 	 	 	 	 	 	 	 	 	 	 	 	
Total nonaccrual loans	  	736,800	 	 	298,970	 	 	NM	 	 	 	 	 	 	 	 	 	 	
Restructured loans	  	27,816	 	 	28,292	 	 	(1.7	)	 	 	 	 	 	 	 	 	 	
 	  			 			 	 	 	 	 	 	 	 	 	 	 	 	
Total nonperforming loans	  	764,616	 	 	327,262	 	 	NM	 	 	 	 	 	 	 	 	 	 	
Other real estate owned (OREO)	  	100,973	 	 	35,576	 	 	NM	 	 	 	 	 	 	 	 	 	 	
Other repossessed assets	  	7,250	 	 	6,953	 	 	4.3	 	 	 	 	 	 	 	 	 	 	
 	  			 			 	 	 	 	 	 	 	 	 	 	 	 	
Total nonperforming assets	  	$872,839	 	 	$369,791	 	 	NM	 	 	 	 	 	 	 	 	 	 	
 	  			 			 	 	 	 	 	 	 	 	 	 	 	 	
Total accruing loans past due 90 days or more	  	$449,038	 	 	$284,938	 	 	57.6	%	 	 	 	 	 	 	 	 	 	
 	  			 			 	 	 	 	 	 	 	 	 	 	 	 	
Total nonperforming loans to total loans	  	0.64	%	 	0.27	%	 	NM	%	 	 	 	 	 	 	 	 	 	
Total nonperforming assets to total loans plus OREO and other repossessed assets	  	0.73	 	 	0.31	 	 	NM	 	 	 	 	 	 	 	 	 	 	
Allowance to period-end loans	  	0.88	 	 	0.88	 	 	-  	 	 	 	 	 	 	 	 	 	 	
Allowance to nonperforming loans	  	137.4	 	 	324.5	 	 	(57.7	)	 	 	 	 	 	 	 	 	 	

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

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

3	Includes home equity lines on nonaccrual status.	
 
Page 10

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

																			
 	  	Three Months Ended
	 	
 	  	June 30
2007
	 	 	March 31
2007
	 	 	%
Change 1
	 	 	December
31
2006
	 	 	September 30
2006
	 	 	June 30
2006
	 	
CREDIT DATA	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Allowance for loan and lease losses - beginning	  	$1,033,939	 	 	$1,044,521	 	 	(1.0	)%	 	$1,087,316	 	 	$1,061,862	 	 	$1,039,247	 	
Provision for loan losses	  	104,680	 	 	56,441	 	 	85.5	 	 	115,806	 	 	61,568	 	 	51,759	 	
Allowance associated with loans at fair value 2	  	-  	 	 	(4,100	)	 	(100.0	)	 	-  	 	 	-  	 	 	-  	 	
Charge-offs	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial	  	(40,853	)	 	(22,280	)	 	83.4	 	 	(127,831	)	 	(23,062	)	 	(19,155	)	
Real estate:	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Home equity lines	  	(24,429	)	 	(15,872	)	 	53.9	 	 	(11,038	)	 	(6,460	)	 	(5,534	)	
Construction	  	(1,468	)	 	(598	)	 	NM	 	 	(1,230	)	 	(814	)	 	(109	)	
Residential mortgages	  	(19,615	)	 	(14,293	)	 	37.2	 	 	(7,806	)	 	(9,113	)	 	(6,373	)	
Commercial real estate	  	(694	)	 	(287	)	 	NM	 	 	(4,256	)	 	(487	)	 	(2,346	)	
Consumer:	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Direct	  	(5,362	)	 	(5,856	)	 	(8.4	)	 	(5,924	)	 	(4,544	)	 	(5,408	)	
Indirect	  	(19,301	)	 	(25,761	)	 	(25.1	)	 	(25,450	)	 	(18,639	)	 	(16,724	)	
 	  			 			 	 	 	 			 			 			
Total charge-offs	  	(111,722	)	 	(84,947	)	 	31.5	 	 	(183,535	)	 	(63,119	)	 	(55,649	)	
 	  			 			 	 	 	 			 			 			
Recoveries	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial	  	5,536	 	 	5,771	 	 	(4.1	)	 	6,657	 	 	9,636	 	 	6,595	 	
Real estate:	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Home equity lines	  	2,323	 	 	1,183	 	 	96.4	 	 	1,529	 	 	1,618	 	 	1,743	 	
Construction	  	244	 	 	119	 	 	NM	 	 	755	 	 	520	 	 	711	 	
Residential mortgages	  	1,614	 	 	1,413	 	 	14.2	 	 	1,686	 	 	1,831	 	 	2,123	 	
Commercial real estate	  	162	 	 	41	 	 	NM	 	 	1,748	 	 	475	 	 	595	 	
Consumer:	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Direct	  	2,568	 	 	2,453	 	 	4.7	 	 	2,805	 	 	2,713	 	 	3,014	 	
Indirect	  	11,018	 	 	11,044	 	 	(0.2	)	 	9,754	 	 	10,212	 	 	11,724	 	
 	  			 			 	 	 	 			 			 			
Total recoveries	  	23,465	 	 	22,024	 	 	6.5	 	 	24,934	 	 	27,005	 	 	26,505	 	
 	  			 			 	 	 	 			 			 			
Net charge-offs	  	(88,257	)	 	(62,923	)	 	40.3	 	 	(158,601	)	 	(36,114	)	 	(29,144	)	
 	  			 			 	 	 	 			 			 			
Allowance for loan and lease losses - ending	  	$1,050,362	 	 	$1,033,939	 	 	1.6	 	 	$1,044,521	 	 	$1,087,316	 	 	$1,061,862	 	
 	  			 			 	 	 	 			 			 			
Net charge-offs to average loans (annualized)	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial	  	0.42	%	 	0.19	%	 	NM	%	 	1.39	%	 	0.15	%	 	0.15	%	
Real estate:	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Home equity lines	  	0.64	 	 	0.43	 	 	48.9	 	 	0.27	 	 	0.14	 	 	0.11	 	
Construction	  	0.04	 	 	0.01	 	 	NM	 	 	0.01	 	 	0.01	 	 	(0.02	)	
Residential mortgages	  	0.23	 	 	0.15	 	 	54.1	 	 	0.07	 	 	0.08	 	 	0.05	 	
Commercial real estate	  	0.02	 	 	0.01	 	 	67.1	 	 	0.08	 	 	-  	 	 	0.05	 	
Consumer:	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Direct	  	0.26	 	 	0.33	 	 	(21.9	)	 	0.30	 	 	0.17	 	 	0.23	 	
Indirect	  	0.41	 	 	0.73	 	 	(43.7	)	 	0.75	 	 	0.40	 	 	0.24	 	
Total net charge-offs to total average loans	  	0.30	%	 	0.21	%	 	42.9	%	 	0.52	%	 	0.12	%	 	0.10	%	
							
Period Ended	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Nonaccrual loans	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial	  	$91,895	 	 	$118,737	 	 	(22.6	)%	 	$106,769	 	 	$263,684	 	 	$69,184	 	
Real estate:	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Construction	  	77,936	 	 	54,885	 	 	42.0	 	 	38,646	 	 	26,508	 	 	21,743	 	
Residential mortgages 3	  	511,566	 	 	401,095	 	 	27.5	 	 	286,676	 	 	189,218	 	 	136,101	 	
Commercial real estate	  	44,168	 	 	47,463	 	 	(6.9	)	 	55,365	 	 	54,394	 	 	53,081	 	
Consumer loans	  	11,235	 	 	15,141	 	 	(25.8	)	 	16,302	 	 	22,685	 	 	18,861	 	
 	  			 			 	 	 	 			 			 			
Total nonaccrual loans	  	736,800	 	 	637,321	 	 	15.6	 	 	503,758	 	 	556,489	 	 	298,970	 	
Restructured loans	  	27,816	 	 	27,772	 	 	0.2	 	 	27,993	 	 	28,934	 	 	28,292	 	
 	  			 			 	 	 	 			 			 			
Total nonperforming loans	  	764,616	 	 	665,093	 	 	15.0	 	 	531,751	 	 	585,423	 	 	327,262	 	
Other real estate owned (OREO)	  	100,973	 	 	74,645	 	 	35.3	 	 	55,460	 	 	41,690	 	 	35,576	 	
Other repossessed assets	  	7,250	 	 	6,202	 	 	16.9	 	 	6,617	 	 	6,670	 	 	6,953	 	
 	  			 			 	 	 	 			 			 			
Total nonperforming assets	  	$872,839	 	 	$745,940	 	 	17.0	 	 	$593,828	 	 	$633,783	 	 	$369,791	 	
 	  			 			 	 	 	 			 			 			
Total accruing loans past due 90 days or more	  	$449,038	 	 	$369,940	 	 	21.4	%	 	$353,515	 	 	$301,878	 	 	$284,938	 	
 	  			 			 	 	 	 			 			 			
Total nonperforming loans to total loans	  	0.64	%	 	0.57	%	 	12.3	%	 	0.44	%	 	0.48	%	 	0.27	%	
Total nonperforming assets to total loans plus OREO and other repossessed assets	  	0.73	 	 	0.64	 	 	14.1	 	 	0.49	 	 	0.52	 	 	0.31	 	
Allowance to period-end loans	  	0.88	 	 	0.88	 	 	-  	 	 	0.86	 	 	0.90	 	 	0.88	 	
Allowance to nonperforming loans	  	137.4	 	 	155.5	 	 	(11.6	)	 	196.4	 	 	185.7	 	 	324.5	 	

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

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

3	Includes home equity lines on nonaccrual status.	
 
Page 11

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

																											
 	 	Three Months Ended June 30
	 	 	 	 	Six Months Ended June 30
	 	
 	 	Core
Deposit
Intangible
	 	 	Mortgage
Servicing
Rights
	 	 	Other
	 	 	Total
	 	 	 	 	Core
Deposit
Intangible
	 	 	Mortgage
Servicing
Rights
	 	 	Other
	 	 	Total
	 	
OTHER INTANGIBLE ASSET ROLLFORWARD	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Balance, beginning of period	 	$303,283	 	 	$680,837	 	 	$139,343	 	 	$1,123,463	 	 	 	 	$324,743	 	 	$657,604	 	 	$140,620	 	 	$1,122,967	 	
Amortization	 	(21,087	)	 	(46,359	)	 	(4,798	)	 	(72,244	)	 	 	 	(43,632	)	 	(90,343	)	 	(9,498	)	 	(143,473	)	
Servicing rights originated	 	-  	 	 	116,572	 	 	-  	 	 	116,572	 	 	 	 	-  	 	 	243,781	 	 	-  	 	 	243,781	 	
Community Bank of Florida branch acquisition	 	-  	 	 	-  	 	 	-  	 	 	-  	 	 	 	 	1,085	 	 	-  	 	 	-  	 	 	1,085	 	
Reclass investment to trading assets	 	-  	 	 	-  	 	 	-  	 	 	-  	 	 	 	 	-  	 	 	-  	 	 	(1,050	)	 	(1,050	)	
Purchase of GenSpring (formerly AMA, LLC) minority shares	 	-  	 	 	-  	 	 	-  	 	 	-  	 	 	 	 	-  	 	 	-  	 	 	4,473	 	 	4,473	 	
Sale/securitization of mortgage servicing rights	 	-  	 	 	(30,676	)	 	-  	 	 	(30,676	)	 	 	 	-  	 	 	(90,668	)	 	-  	 	 	(90,668	)	
Issuance of noncompete agreement	 	-  	 	 	-  	 	 	4,231	 	 	4,231	 	 	 	 	-  	 	 	-  	 	 	4,231	 	 	4,231	 	
 	 			 			 			 			 	 	 			 			 			 			
Balance, June 30, 2006	 	$282,196	 	 	$720,374	 	 	$138,776	 	 	$1,141,346	 	 	 	 	$282,196	 	 	$720,374	 	 	$138,776	 	 	$1,141,346	 	
 	 			 			 			 			 	 	 			 			 			 			
Balance, beginning of period	 	$222,829	 	 	$921,255	 	 	$149,373	 	 	$1,293,457	 	 	 	 	$241,614	 	 	$810,509	 	 	$129,861	 	 	$1,181,984	 	
Amortization	 	(17,255	)	 	(46,578	)	 	(7,649	)	 	(71,482	)	 	 	 	(36,040	)	 	(87,937	)	 	(12,407	)	 	(136,384	)	
Servicing rights originated	 	-  	 	 	182,991	 	 	-  	 	 	182,991	 	 	 	 	-  	 	 	335,096	 	 	-  	 	 	335,096	 	
Purchase of GenSpring (formerly AMA, LLC) minority shares	 	-  	 	 	-  	 	 	1,150	 	 	1,150	 	 	 	 	-  	 	 	-  	 	 	1,278	 	 	1,278	 	
Intangible assets obtained from sale upon merger of Lighthouse Partners, net 1	 	-  	 	 	-  	 	 	-  	 	 	-  	 	 	 	 	-  	 	 	-  	 	 	24,142	 	 	24,142	 	
Sale/securitization of mortgage servicing rights	 	-  	 	 	(115,656	)	 	-  	 	 	(115,656	)	 	 	 	-  	 	 	(115,656	)	 	-  	 	 	(115,656	)	
 	 			 			 			 			 	 	 			 			 			 			
Balance, June 30, 2007	 	$205,574	 	 	$942,012	 	 	$142,874	 	 	$1,290,460	 	 	 	 	$205,574	 	 	$942,012	 	 	$142,874	 	 	$1,290,460	 	

 	 	Three Months Ended
	 	 	 	 	 	 	 	 	 	 	 	 	
 	 	June 30
2007
	 	 	March 31
2007
	 	 	December 31
2006
	 	 	September 30
2006
	 	 	June 30
2006
	 	 	 	 	 	 	 	 	 	 	 	 	
COMMON SHARE ROLLFORWARD	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Beginning balance	 	356,505	 	 	354,903	 	 	363,868	 	 	364,129	 	 	363,339	 	 	 	 	 	 	 	 	 	 	 	 	
Common shares issued/exchanged for employee benefit plans, stock option, performance and restricted stock activity	 	1,228	 	 	2,218	 	 	961	 	 	1,379	 	 	790	 	 	 	 	 	 	 	 	 	 	 	 	
Acquisition of treasury stock	 	(8,680	)	 	(616	)	 	(9,926	)	 	(1,640	)	 	-  	 	 	 	 	 	 	 	 	 	 	 	 	
 	 			 			 			 			 		 	 	 	 	 	 	 	 	 	 	 	 	
Ending balance	 	349,053	 	 	356,505	 	 	354,903	 	 	363,868	 	 	364,129	 	 	 	 	 	 	 	 	 	 	 	 	
 	 			 			 			 			 		 	 	 	 	 	 	 	 	 	 	 	 	
COMMON STOCK REPURCHASE ACTIVITY	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Number of common shares repurchased 2	 	8,715	 	 	653	 	 	9,962	 	 	1,660	 	 	29	 	 	 	 	 	 	 	 	 	 	 	 	
Average price per share of repurchased common shares	 	$87.02	 	 	$82.83	 	 	$77.76	 	 	$76.69	 	 	$75.73	 	 	 	 	 	 	 	 	 	 	 	 	
Total cost to acquire treasury shares	 	$853,386	 	 	$-  	 	 	$870,669	 	 	$125,752	 	 	$-  	 	 	 	 	 	 	 	 	 	 	 	 	
Maximum number of common shares that may yet be purchased under plans or programs 3	 	2,471 	4	 	11,151	 	 	11,767	 	 	8,360	 	 	10,000	 	 	 	 	 	 	 	 	 	 	 	 	

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

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

3	In August 2006, the Board authorized the Company to repurchase up to an additional $1 billion or 13,333,334 shares of the Company’s Common Stock, under which authority the Company repurchased 9,926,589 shares during 2006 under an Accelerated Share Repurchase Agreement (“ASR”). The 3,406,745 shares remaining under the August 2006 authorization, combined with 8,360,000 shares remaining under Board authorization from April 2006, left the Company with authorization to repurchase up to 11,766,745 shares as of January 1, 2007. The Company completed the aforementioned ASR with the repurchase of 615,514 shares during the first quarter of 2007 and repurchased an additional 8,022,254 shares under an ASR announced in the Company’s 8-K filing on June 7, 2007.	

4	Pursuant to the ASR described in the June 7, 2007 8-K, the Company may receive up to 1,691,176 additional shares at the expiration of the ASR without additional payment.	
The number of additional shares generally will be based on the volume weighted average share price of SunTrust’s common stock during the term of the ASR, subject to the maximum number of shares established during the hedge period of the ASR. The number of shares which the Company may repurchase on June 30, 2007 is reduced by the number of shares which will be delivered to us at the expiration of the ASR, which number cannot be computed at this time.
 
Page 12

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

																						
 	 	Three Months Ended
	 	 	Six Months Ended
	 	
 	 	June 30
2007
	 	 	March 31
2007
	 	 	December 31
2006
	 	 	September 30
2006
	 	 	June 30
2006
	 	 	June 30
2007
	 	 	June 30
2006
	 	
NON-GAAP MEASURES PRESENTED IN THE EARNINGS RELEASE	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net income	 	$681,431	 	 	$521,296	 	 	$506,354	 	 	$535,588	 	 	$544,002	 	 	$1,202,727	 	 	$1,075,529	 	
Securities (gains)/losses, net of tax	 	(146,575	)	 	(12	)	 	(21,934	)	 	56,926	 	 	(3,632	)	 	(146,588	)	 	(3,696	)	
 	 			 			 			 			 			 			 			
Net income excluding net securities gains and losses	 	534,856	 	 	521,284	 	 	484,420	 	 	592,514	 	 	540,370	 	 	1,056,139	 	 	1,071,833	 	
The Coca-Cola Company dividend, net of tax	 	(13,218	)	 	(14,580	)	 	(13,316	)	 	(13,317	)	 	(13,316	)	 	(27,798	)	 	(26,633	)	
 	 			 			 			 			 			 			 			
Net income excluding net securities (gains)/losses and The Coca-Cola Company dividend	 	521,638	 	 	506,704	 	 	471,104	 	 	579,197	 	 	527,054	 	 	1,028,341	 	 	1,045,200	 	
Preferred dividends	 	7,519	 	 	7,363	 	 	7,729	 	 	-  	 	 	-  	 	 	14,882	 	 	-  	 	
 	 			 			 			 			 			 			 			
Net income available to common shareholders excluding net securities (gains)/losses and The Coca-Cola Company dividend	 	$514,119	 	 	$499,341	 	 	$463,375	 	 	$579,197	 	 	$527,054	 	 	$1,013,459	 	 	$1,045,200	 	
 	 			 			 			 			 			 			 			
Total average assets	 	$179,996,457	 	 	$181,506,369	 	 	$182,343,274	 	 	$180,500,921	 	 	$180,744,146	 	 	$180,747,241	 	 	$179,189,849	 	
Average net unrealized securities gains	 	(2,398,651	)	 	(2,305,306	)	 	(1,965,367	)	 	(1,374,648	)	 	(1,528,041	)	 	(2,352,236	)	 	(1,570,190	)	
 	 			 			 			 			 			 			 			
Average assets less net unrealized securities gains	 	$177,597,806	 	 	$179,201,063	 	 	$180,377,907	 	 	$179,126,273	 	 	$179,216,105	 	 	$178,395,005	 	 	$177,619,659	 	
 	 			 			 			 			 			 			 			
Total average common shareholders’ equity	 	$17,428,101	 	 	$17,220,384	 	 	$17,655,469	 	 	$17,558,581	 	 	$17,304,451	 	 	$17,324,815	 	 	$17,178,826	 	
Average accumulated other comprehensive income	 	(1,206,487	)	 	(1,074,497	)	 	(1,202,004	)	 	(821,317	)	 	(915,885	)	 	(1,140,856	)	 	(939,652	)	
 	 			 			 			 			 			 			 			
Total average realized common shareholders’ equity	 	$16,221,614	 	 	$16,145,887	 	 	$16,453,465	 	 	$16,737,264	 	 	$16,388,566	 	 	$16,183,959	 	 	$16,239,174	 	
 	 			 			 			 			 			 			 			
Return on average total assets	 	1.52	%	 	1.16	%	 	1.10	%	 	1.18	%	 	1.21	%	 	1.34	%	 	1.21	%	
Impact of excluding net realized and unrealized securities (gains)/losses and The Coca-Cola Company dividend	 	(0.34	)	 	(0.01	)	 	(0.06	)	 	0.10	 	 	(0.03	)	 	(0.18	)	 	(0.02	)	
 	 			 			 			 			 			 			 			
Return on average total assets less net unrealized securities gains 1	 	1.18	%	 	1.15	%	 	1.04	%	 	1.28	%	 	1.18	%	 	1.16	%	 	1.19	%	
 	 			 			 			 			 			 			 			
Return on average common shareholders’ equity	 	15.51	%	 	12.10	%	 	11.20	%	 	12.10	%	 	12.61	%	 	13.83	%	 	12.63	%	
Impact of excluding net realized and unrealized securities (gains)/losses and The Coca-Cola Company dividend	 	(2.80	)	 	0.44	 	 	(0.03	)	 	1.63	 	 	0.29	 	 	(1.20	)	 	0.35	 	
 	 			 			 			 			 			 			 			
Return on average realized common shareholders’ equity 2	 	12.71	%	 	12.54	%	 	11.17	%	 	13.73	%	 	12.90	%	 	12.63	%	 	12.98	%	
 	 			 			 			 			 			 			 			
Efficiency ratio 3	 	52.69	%	 	59.79	%	 	59.67	%	 	59.30	%	 	58.78	%	 	56.00	%	 	59.29	%	
Impact of excluding amortization of intangible assets	 	(1.05	)	 	(1.14	)	 	(1.18	)	 	(1.27	)	 	(1.25	)	 	(1.09	)	 	(1.29	)	
 	 			 			 			 			 			 			 			
Tangible efficiency ratio 4	 	51.64	%	 	58.65	%	 	58.49	%	 	58.03	%	 	57.53	%	 	54.91	%	 	58.00	%	
 	 			 			 			 			 			 			 			
Total shareholders’ equity	 	$17,368,853	 	 	$17,968,538	 	 	$17,813,606	 	 	$18,589,307	 	 	$17,423,920	 	 	 	 	 	 	 	
Goodwill	 	(6,897,050	)	 	(6,896,723	)	 	(6,889,860	)	 	(6,903,001	)	 	(6,900,222	)	 	 	 	 	 	 	
Other intangible assets including mortgage servicing rights (“MSRs”)	 	(1,290,460	)	 	(1,293,457	)	 	(1,181,984	)	 	(1,120,102	)	 	(1,141,346	)	 	 	 	 	 	 	
Mortgage servicing rights	 	942,012	 	 	921,255	 	 	810,510	 	 	724,323	 	 	720,374	 	 	 	 	 	 	 	
 	 			 			 			 			 			 	 	 	 	 	 	
Tangible equity	 	$10,123,355	 	 	$10,699,613	 	 	$10,552,272	 	 	$11,290,527	 	 	$10,102,726	 	 	 	 	 	 	 	
 	 			 			 			 			 			 	 	 	 	 	 	
Total assets	 	$180,314,372	 	 	$186,384,841	 	 	$182,161,609	 	 	$183,104,553	 	 	$181,143,444	 	 	 	 	 	 	 	
Goodwill	 	(6,897,050	)	 	(6,896,723	)	 	(6,889,860	)	 	(6,903,001	)	 	(6,900,222	)	 	 	 	 	 	 	
Other intangible assets including MSRs	 	(1,290,460	)	 	(1,293,457	)	 	(1,181,984	)	 	(1,120,102	)	 	(1,141,346	)	 	 	 	 	 	 	
Mortgage servicing rights	 	942,012	 	 	921,255	 	 	810,510	 	 	724,323	 	 	720,374	 	 	 	 	 	 	 	
 	 			 			 			 			 			 	 	 	 	 	 	
Tangible assets	 	$173,068,874	 	 	$179,115,916	 	 	$174,900,275	 	 	$175,805,773	 	 	$173,822,250	 	 	 	 	 	 	 	
 	 			 			 			 			 			 	 	 	 	 	 	
Tangible equity to tangible assets 5	 	5.85	%	 	5.97	%	 	6.03	%	 	6.42	%	 	5.81	%	 	 	 	 	 	 	
Net interest income	 	$1,195,284	 	 	$1,164,559	 	 	$1,161,289	 	 	$1,151,392	 	 	$1,168,743	 	 	$2,359,843	 	 	$2,347,784	 	
Taxable-equivalent adjustment	 	24,668	 	 	23,713	 	 	23,877	 	 	22,468	 	 	21,283	 	 	48,381	 	 	41,621	 	
 	 			 			 			 			 			 			 			
Net interest income - FTE	 	1,219,952	 	 	1,188,272	 	 	1,185,166	 	 	1,173,860	 	 	1,190,026	 	 	2,408,224	 	 	2,389,405	 	
Noninterest income	 	1,154,622	 	 	878,906	 	 	882,566	 	 	858,931	 	 	875,369	 	 	2,033,528	 	 	1,726,875	 	
 	 			 			 			 			 			 			 			
Total revenue - FTE	 	$2,374,574	 	 	$2,067,178	 	 	$2,067,732	 	 	$2,032,791	 	 	$2,065,395	 	 	$4,441,752	 	 	$4,116,280	 	
 	 			 			 			 			 			 			 			
Net securities (gains)/losses	 	(236,412	)	 	(20	)	 	(35,377	)	 	91,816	 	 	(5,858	)	 	(236,432	)	 	(5,962	)	
Net gain on sale of Bond Trustee business	 	-  	 	 	-  	 	 	-  	 	 	(112,759	)	 	-  	 	 	-  	 	 	-  	 	
 	 			 			 			 			 			 			 			
Total revenue - FTE excluding net securities (gains)/losses and net gain on sale of Bond Trustee business 6	 	$2,138,162	 	 	$2,067,158	 	 	$2,032,355	 	 	$2,011,848	 	 	$2,059,537	 	 	$4,205,320	 	 	$4,110,318	 	

1	SunTrust presents a return on average assets less net unrealized gains on securities. The foregoing numbers primarily reflect adjustments to remove the effects of the Company’s securities portfolio which includes the ownership by the Company of 43.7 million shares of The Coca-Cola Company as of June 30, 2007. The Company uses this information internally to gauge its actual performance in the industry. The Company believes that the return on average assets less the net unrealized securities gains is more indicative of the Company’s return on assets because it more accurately reflects the return on the assets that are related to the Company’s core businesses which are primarily customer relationship and customer transaction driven. The return on average assets less net unrealized gains on securities is computed by dividing annualized net income, excluding securities gains/losses and The Coca-Cola Company dividend, by average assets less net unrealized securities gains.	

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

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

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

5	SunTrust presents a tangible equity to tangible assets ratio that excludes the impact of purchase accounting intangible assets. The Company believes this measure is useful to investors because, by removing the effect of intangible assets that result from merger and acquisition activity (the level of which may vary from company to company) it allows investors to more easily compare the Company’s capital adequacy to other companies in the industry. This measure is used by management to analyze capital adequacy.	

6	SunTrust presents total revenue-FTE excluding realized net securities gains/losses and the net gain on the sale of the Bond Trustee business. The Company believes total revenue-FTE without net securities gains/losses is more indicative of the Company’s performance because it isolates income that is primarily customer relationship and customer transaction driven. SunTrust further excludes the net gain on the sale of the Bond Trustee business because the Company believes the exclusion of the net gain is more indicative of normalized operations.	
 
Page 13

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

																						
 	  	Three Months Ended
	 	 	Six Months Ended
	 	
 	  	June 30
2007
	 	 	March 31
2007
	 	 	December 31
2006
	 	 	September 30
2006
	 	 	June 30
2006
	 	 	June 30
2007
	 	 	June 30
2006
	 	
SELECTED NON-GAAP MEASURES PRESENTED IN THE EARNINGS RELEASE	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenue - FTE	  	$2,374,574	 	 	$2,067,178	 	 	$2,067,732	 	 	$2,032,791	 	 	$2,065,395	 	 	$4,441,752	 	 	$4,116,280	 	
Gain on sale of shares of The Coca-Cola Company	  	(234,806	)	 	-  	 	 	-  	 	 	-  	 	 	-  	 	 	(234,806	)	 	-  	 	
 	  			 			 			 			 			 			 			
Total revenue - FTE excluding gain on sale of shares of The Coca-Cola Company 1	  	$2,139,768	 	 	$2,067,178	 	 	$2,067,732	 	 	$2,032,791	 	 	$2,065,395	 	 	$4,206,946	 	 	$4,116,280	 	
 	  			 			 			 			 			 			 			
Net income available to common shareholders	  	$673,912	 	 	$513,933	 	 	$498,625	 	 	$535,588	 	 	$544,002	 	 	$1,187,845	 	 	$1,075,529	 	
Gain on sale of shares of The Coca-Cola Company, net of tax	  	(145,580	)	 	-  	 	 	-  	 	 	-  	 	 	-  	 	 	(145,580	)	 	-  	 	
 	  			 			 			 			 			 			 			
Net income available to common shareholders excluding gain on sale of shares of The Coca-Cola Company 1	  	$528,332	 	 	$513,933	 	 	$498,625	 	 	$535,588	 	 	$544,002	 	 	$1,042,265	 	 	$1,075,529	 	
 	  			 			 			 			 			 			 			
Diluted net income per average common share	  	$1.89	 	 	$1.44	 	 	$1.39	 	 	$1.47	 	 	$1.49	 	 	$3.33	 	 	$2.96	 	
Impact of excluding gain on sale of shares of The Coca-Cola Company	  	(0.41	)	 	-  	 	 	-  	 	 	-  	 	 	-  	 	 	(0.41	)	 	-  	 	
 	  			 			 			 			 			 			 			
Diluted net income per average common share excluding gain on sale of shares of The Coca-Cola Company 1	  	$1.48	 	 	$1.44	 	 	$1.39	 	 	$1.47	 	 	$1.49	 	 	$2.92	 	 	$2.96	 	
 	  			 			 			 			 			 			 			
Efficiency ratio	  	52.69	%	 	59.79	%	 	59.67	%	 	59.30	%	 	58.78	%	 	56.00	%	 	59.29	%	
Impact of gain on sale of shares of The Coca-Cola Company	  	5.78	 	 	-  	 	 	-  	 	 	-  	 	 	-  	 	 	3.12	 	 	-  	 	
 	  			 			 			 			 			 			 			
Efficiency ratio excluding gain on sale of shares of The Coca-Cola Company 1	  	58.47	%	 	59.79	%	 	59.67	%	 	59.30	%	 	58.78	%	 	59.12	%	 	59.29	%	
 	  			 			 			 			 			 			 			
Noninterest income	  	$1,154,622	 	 	$878,906	 	 	$882,566	 	 	$858,931	 	 	$875,369	 	 	$2,033,528	 	 	$1,726,875	 	
Impact of gain on sale of shares of The Coca-Cola Company	  	(234,806	)	 	-  	 	 	-  	 	 	-  	 	 	-  	 	 	(234,806	)	 	-  	 	
 	  			 			 			 			 			 			 			
Noninterest income excluding gain on sale of shares of The Coca-Cola Company 1	  	$919,816	 	 	$878,906	 	 	$882,566	 	 	$858,931	 	 	$875,369	 	 	$1,798,722	 	 	$1,726,875	 	

1	SunTrust presents total revenue-FTE, net income available to common shareholders, diluted net income per average common share, efficiency ratio and noninterest income excluding the gain on sale of shares of The Coca-Cola Company. The Company believes these measures are more indicative of the Company’s performance because they exclude a large securities gain that is not a customer relationship or customer driven transaction.	
 
Page 14

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

																												
 	 	Three Months Ended
	 	
 	 	June 30
2007
	 	 	March 31
2007
	 	 	Increase/
(Decrease)
	 	 	Sequential
Annualized 2
%
	 	 	June 30
2007
	 	 	June 30
2006
	 	 	Increase/
(Decrease)
	 	
 	 			 			 	Amount
	 	 	%
	 	 			 			 			 	Amount
	 	 	%
	 	
STATEMENTS OF INCOME	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET INTEREST INCOME	 	$1,195,284	 	 	$1,164,559	 	 	$30,725	 	 	2.6	%	 	10.6	%	 	$1,195,284	 	 	$1,168,743	 	 	$26,541	 	 	2.3	%	
Provision for loan losses	 	104,680	 	 	56,441	 	 	48,239	 	 	85.5	 	 	NM	 	 	104,680	 	 	51,759	 	 	52,921	 	 	NM	 	
 	 			 			 			 	 	 	 	 	 	 			 			 			 	 	 	
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	 	1,090,604	 	 	1,108,118	 	 	(17,514	)	 	(1.6	)	 	(6.3	)	 	1,090,604	 	 	1,116,984	 	 	(26,380	)	 	(2.4	)	
 	 			 			 			 	 	 	 	 	 	 			 			 			 	 	 	
NONINTEREST INCOME	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Service charges on deposit accounts	 	196,844	 	 	189,035	 	 	7,809	 	 	4.1	 	 	16.5	 	 	196,844	 	 	191,645	 	 	5,199	 	 	2.7	 	
Trust and investment management income	 	164,620	 	 	174,318	 	 	(9,698	)	 	(5.6	)	 	(22.3	)	 	164,620	 	 	175,811	 	 	(11,191	)	 	(6.4	)	
Retail investment services	 	71,785	 	 	63,543	 	 	8,242	 	 	13.0	 	 	51.9	 	 	71,785	 	 	58,441	 	 	13,344	 	 	22.8	 	
Other charges and fees	 	118,358	 	 	118,137	 	 	221	 	 	0.2	 	 	0.7	 	 	118,358	 	 	113,948	 	 	4,410	 	 	3.9	 	
Investment banking income	 	61,999	 	 	50,157	 	 	11,842	 	 	23.6	 	 	94.4	 	 	61,999	 	 	60,481	 	 	1,518	 	 	2.5	 	
Trading account profits and commissions	 	16,437	 	 	90,201	 	 	(73,764	)	 	(81.8	)	 	NM	 	 	16,437	 	 	46,182	 	 	(29,745	)	 	(64.4	)	
Card fees	 	68,580	 	 	64,195	 	 	4,385	 	 	6.8	 	 	27.3	 	 	68,580	 	 	61,941	 	 	6,639	 	 	10.7	 	
Mortgage production related income	 	64,322	 	 	(8,655	)	 	72,977	 	 	NM	 	 	NM	 	 	64,322	 	 	56,579	 	 	7,743	 	 	13.7	 	
Mortgage servicing related income	 	45,527	 	 	35,403	 	 	10,124	 	 	28.6	 	 	NM	 	 	45,527	 	 	31,401	 	 	14,126	 	 	45.0	 	
Net gain on sale upon merger of Lighthouse Partners	 	-  	 	 	32,340	 	 	(32,340	)	 	(100.0	)	 	NM	 	 	-  	 	 	-  	 	 	-  	 	 	-  	 	
Other noninterest income	 	109,738	 	 	70,212	 	 	39,526	 	 	56.3	 	 	NM	 	 	109,738	 	 	73,082	 	 	36,656	 	 	50.2	 	
Net securities gains/(losses	 	236,412	 	 	20	 	 	236,392	 	 	NM	 	 	NM	 	 	236,412	 	 	5,858	 	 	230,554	 	 	NM	 	
 	 			 			 			 	 	 	 	 	 	 			 			 			 	 	 	
Total noninterest income	 	1,154,622	 	 	878,906	 	 	275,716	 	 	31.4	 	 	NM	 	 	1,154,622	 	 	875,369	 	 	279,253	 	 	31.9	 	
 	 			 			 			 	 	 	 	 	 	 			 			 			 	 	 	
NONINTEREST EXPENSE	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Employee compensation and benefits	 	710,613	 	 	699,000	 	 	11,613	 	 	1.7	 	 	6.6	 	 	710,613	 	 	689,073	 	 	21,540	 	 	3.1	 	
Net occupancy expense	 	84,650	 	 	86,257	 	 	(1,607	)	 	(1.9	)	 	(7.5	)	 	84,650	 	 	81,710	 	 	2,940	 	 	3.6	 	
Outside processing and software	 	100,730	 	 	99,676	 	 	1,054	 	 	1.1	 	 	4.2	 	 	100,730	 	 	98,447	 	 	2,283	 	 	2.3	 	
Equipment expense	 	53,823	 	 	49,409	 	 	4,414	 	 	8.9	 	 	35.7	 	 	53,823	 	 	48,107	 	 	5,716	 	 	11.9	 	
Marketing and customer development	 	43,326	 	 	45,705	 	 	(2,379	)	 	(5.2	)	 	(20.8	)	 	43,326	 	 	49,378	 	 	(6,052	)	 	(12.3	)	
Amortization of intangible assets	 	24,904	 	 	23,542	 	 	1,362	 	 	5.8	 	 	23.1	 	 	24,904	 	 	25,885	 	 	(981	)	 	(3.8	)	
Other noninterest expense	 	233,148	 	 	232,408	 	 	740	 	 	0.3	 	 	1.3	 	 	233,148	 	 	221,493	 	 	11,655	 	 	5.3	 	
 	 			 			 			 	 	 	 	 	 	 			 			 			 	 	 	
Total noninterest expense	 	1,251,194	 	 	1,235,997	 	 	15,197	 	 	1.2	 	 	4.9	 	 	1,251,194	 	 	1,214,093	 	 	37,101	 	 	3.1	 	
 	 			 			 			 	 	 	 	 	 	 			 			 			 	 	 	
INCOME BEFORE INCOME TAXES	 	994,032	 	 	751,027	 	 	243,005	 	 	32.4	 	 	NM	 	 	994,032	 	 	778,260	 	 	215,772	 	 	27.7	 	
Provision for income taxes	 	312,601	 	 	229,731	 	 	82,870	 	 	36.1	 	 	NM	 	 	312,601	 	 	234,258	 	 	78,343	 	 	33.4	 	
 	 			 			 			 	 	 	 	 	 	 			 			 			 	 	 	
NET INCOME	 	681,431	 	 	521,296	 	 	160,135	 	 	30.7	 	 	NM	 	 	681,431	 	 	544,002	 	 	137,429	 	 	25.3	 	
Preferred dividends	 	7,519	 	 	7,363	 	 	156	 	 	2.1	 	 	8.5	 	 	7,519	 	 	-  	 	 	7,519	 	 	100.0	 	
 	 			 			 			 	 	 	 	 	 	 			 			 			 	 	 	
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS	 	673,912	 	 	513,933	 	 	159,979	 	 	31.1	 	 	NM	 	 	673,912	 	 	544,002	 	 	129,910	 	 	23.9	 	
Gain on sale of shares of The Coca-Cola Company, net of tax	 	(145,580	)	 	-  	 	 	(145,580	)	 	(100.0	)	 	NM	 	 	(145,580	)	 	-  	 	 	(145,580	)	 	(100.0	)	
 	 			 			 			 	 	 	 	 	 	 			 			 			 	 	 	
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS EXCLUDING THE GAIN ON SALE OF SHARES OF THE COCA-COLA COMPANY 1	 	$528,332	 	 	$513,933	 	 	$14,399	 	 	2.8	%	 	11.2	%	 	$528,332	 	 	$544,002	 	 	($15,670	)	 	(2.9	)%	
 	 			 			 			 	 	 	 	 	 	 			 			 			 	 	 	
REVENUE AND NONINTEREST EXPENSE	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net interest income	 	$1,195,284	 	 	$1,164,559	 	 	$30,725	 	 	2.6	%	 	10.6	%	 	$1,195,284	 	 	$1,168,743	 	 	$26,541	 	 	2.3	%	
Taxable-equivalent adjustment	 	24,668	 	 	23,713	 	 	955	 	 	4.0	 	 	16.1	 	 	24,668	 	 	21,283	 	 	3,385	 	 	15.9	 	
 	 			 			 			 	 	 	 	 	 	 			 			 			 	 	 	
Net interest income - FTE	 	1,219,952	 	 	1,188,272	 	 	31,680	 	 	2.7	 	 	10.7	 	 	1,219,952	 	 	1,190,026	 	 	29,926	 	 	2.5	 	
Noninterest income	 	1,154,622	 	 	878,906	 	 	275,716	 	 	31.4	 	 	NM	 	 	1,154,622	 	 	875,369	 	 	279,253	 	 	31.9	 	
 	 			 			 			 	 	 	 	 	 	 			 			 			 	 	 	
Total revenue - FTE	 	2,374,574	 	 	2,067,178	 	 	307,396	 	 	14.9	 	 	59.5	 	 	2,374,574	 	 	2,065,395	 	 	309,179	 	 	15.0	 	
Net securities (gains)/losses	 	(236,412	)	 	(20	)	 	(236,392	)	 	NM	 	 	NM	 	 	(236,412	)	 	(5,858	)	 	(230,554	)	 	NM	 	
 	 			 			 			 	 	 	 	 	 	 			 			 			 	 	 	
Total revenue - FTE excluding net securities (gains)/losses 1	 	$2,138,162	 	 	$2,067,158	 	 	$71,004	 	 	3.4	%	 	13.7	%	 	$2,138,162	 	 	$2,059,537	 	 	$78,625	 	 	3.8	%	
 	 			 			 			 	 	 	 	 	 	 			 			 			 	 	 	
Noninterest expense	 	$1,251,194	 	 	$1,235,997	 	 	15,197	 	 	1.2	%	 	4.9	%	 	$1,251,194	 	 	$1,214,093	 	 	37,101	 	 	3.1	%	
Compensation expense related to fair valued mortgage loans	 	(12,400	)	 	-  	 	 	(12,400	)	 	(100.0	)	 	NM	 	 	(12,400	)	 	-  	 	 	(12,400	)	 	(100.0	)	
Leverage lease reserve reversal	 	-  	 	 	-  	 	 	-  	 	 	-  	 	 	-  	 	 	-  	 	 	10,923	 	 	(10,923	)	 	(100.0	)	
E 2 initial implementation costs, net of corporate real estate gains	 	902	 	 	(9,772	)	 	10,674	 	 	NM	 	 	NM	 	 	902	 	 	(2,821	)	 	3,723	 	 	NM	 	
 	 			 			 			 	 	 	 	 	 	 			 			 			 	 	 	
Noninterest expense excluding compensation expense related to fair valued mortgage loans, leverage lease reserve reversal and E 2 implementation costs, net of corporate real estate gains 3	 	$1,239,696	 	 	$1,226,225	 	 	$13,471	 	 	1.1	%	 	4.4	%	 	$1,239,696	 	 	$1,222,195	 	 	$17,501	 	 	1.4	%	
 	 			 			 			 	 	 	 	 	 	 			 			 			 	 	 	
SELECTED AVERAGE BALANCES (Dollars in millions)	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Average loans	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial	 	$33,608	 	 	$34,033	 	 	($425	)	 	(1.2	)%	 	(5.0	)%	 	$33,608	 	 	$33,993	 	 	($385	)	 	(1.1	)%	
Real estate home equity lines	 	13,850	 	 	13,738	 	 	112	 	 	0.8	 	 	3.2	 	 	13,850	 	 	13,517	 	 	333	 	 	2.5	 	
Real estate construction	 	13,710	 	 	13,430	 	 	280	 	 	2.1	 	 	8.3	 	 	13,710	 	 	12,181	 	 	1,529	 	 	12.5	 	
Real estate 1-4 family	 	30,754	 	 	34,089	 	 	(3,335	)	 	(9.8	)	 	(39.1	)	 	30,754	 	 	34,348	 	 	(3,594	)	 	(10.5	)	
Real estate commercial	 	12,732	 	 	12,831	 	 	(99	)	 	(0.8	)	 	(3.1	)	 	12,732	 	 	12,841	 	 	(109	)	 	(0.8	)	
Credit card	 	404	 	 	370	 	 	34	 	 	9.2	 	 	37.0	 	 	404	 	 	307	 	 	97	 	 	31.5	 	
Consumer - direct	 	4,347	 	 	4,220	 	 	127	 	 	3.0	 	 	12.0	 	 	4,347	 	 	4,251	 	 	96	 	 	2.3	 	
Consumer - indirect	 	8,064	 	 	8,166	 	 	(102	)	 	(1.2	)	 	(5.0	)	 	8,064	 	 	8,386	 	 	(322	)	 	(3.8	)	
Nonaccrual and restructured	 	696	 	 	638	 	 	58	 	 	9.0	 	 	36.1	 	 	696	 	 	321	 	 	375	 	 	NM	 	
 	 			 			 			 	 	 	 	 	 	 			 			 			 	 	 	
Total loans	 	$118,165	 	 	$121,515	 	 	($3,350	)	 	(2.8	)%	 	(11.0	)%	 	$118,165	 	 	$120,145	 	 	($1,980	)	 	(1.6	)%	
 	 			 			 			 	 	 	 	 	 	 			 			 			 	 	 	
Average deposits	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Noninterest bearing deposits	 	$22,396	 	 	$21,933	 	 	$463	 	 	2.1	%	 	8.4	%	 	$22,396	 	 	$23,858	 	 	($1,462	)	 	(6.1	)%	
NOW accounts	 	20,066	 	 	19,820	 	 	246	 	 	1.2	 	 	5.0	 	 	20,066	 	 	16,811	 	 	3,255	 	 	19.4	 	
Money market accounts	 	21,773	 	 	22,089	 	 	(316	)	 	(1.4	)	 	(5.7	)	 	21,773	 	 	25,091	 	 	(3,318	)	 	(13.2	)	
Savings	 	4,787	 	 	5,025	 	 	(238	)	 	(4.7	)	 	(18.9	)	 	4,787	 	 	5,161	 	 	(374	)	 	(7.3	)	
Consumer and other time	 	28,905	 	 	28,925	 	 	(20	)	 	(0.1	)	 	(0.3	)	 	28,905	 	 	26,251	 	 	2,654	 	 	10.1	 	
 	 			 			 			 	 	 	 	 	 	 			 			 			 			
Total consumer and commercial deposits	 	97,927	 	 	97,792	 	 	135	 	 	0.1	 	 	0.6	 	 	97,927	 	 	97,172	 	 	755	 	 	0.8	 	
Brokered and foreign deposits	 	23,983	 	 	26,714	 	 	(2,731	)	 	(10.2	)	 	(40.9	)	 	23,983	 	 	27,194	 	 	(3,211	)	 	(11.8	)	
 	 			 			 			 	 	 	 	 	 	 			 			 			 	 	 	
Total deposits	 	$121,910	 	 	$124,506	 	 	($2,596	)	 	(2.1	)%	 	(8.3	)%	 	$121,910	 	 	$124,366	 	 	($2,456	)	 	(2.0	)%	
 	 			 			 			 	 	 	 	 	 	 			 			 			 	 	 	
SELECTED CREDIT DATA	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Nonaccrual loans	 	$736,800	 	 	$637,321	 	 	$99,479	 	 	15.6	%	 	62.4	%	 	$736,800	 	 	$298,970	 	 	$437,830	 	 	NM	%	
Restructured loans	 	27,816	 	 	27,772	 	 	44	 	 	0.2	 	 	0.6	 	 	27,816	 	 	28,292	 	 	(476	)	 	(1.7	)	
 	 			 			 			 	 	 	 	 	 	 			 			 			 	 	 	
Total nonperforming loans	 	764,616	 	 	665,093	 	 	99,523	 	 	15.0	 	 	59.9	 	 	764,616	 	 	327,262	 	 	437,354	 	 	NM	 	
Other real estate owned (OREO)	 	100,973	 	 	74,645	 	 	26,328	 	 	35.3	 	 	NM	 	 	100,973	 	 	35,576	 	 	65,397	 	 	NM	 	
Other repossessed assets	 	7,250	 	 	6,202	 	 	1,048	 	 	16.9	 	 	67.6	 	 	7,250	 	 	6,953	 	 	297	 	 	4.3	 	
 	 			 			 			 	 	 	 	 	 	 			 			 			 	 	 	
Total nonperforming assets	 	$872,839	 	 	$745,940	 	 	$126,899	 	 	17.0	%	 	68.0	%	 	$872,839	 	 	$369,791	 	 	$503,048	 	 	NM	%	
 	 			 			 			 	 	 	 	 	 	 			 			 			 	 	 	
Allowance for loan and lease losses	 	$1,050,362	 	 	$1,033,939	 	 	$16,423	 	 	1.6	%	 	6.4	%	 	$1,050,362	 	 	$1,061,862	 	 	($11,500	)	 	(1.1	)%	

1	SunTrust presents selected financial data on a basis that excludes net securities gains/(losses) and the gain on the sale of shares of The Coca-Cola Company. The Company believes the exclusion of these items is more indicative of the Company’s performance because they exclude a large securities gain that is not a customer relationship or customer driven transaction.	

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

3	SunTrust presents noninterest expense on a basis that excludes compensation expense related to fair valued mortgage loans, leverage lease reserve reversal, and E squared initial implementation costs, net of corporate real estate gains. The Company believes the exclusion of these items is more indicative of normalized operations	
 
Page 15

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

													
 	  	Six Months Ended
	 	
 	  	June 30
2007
	 	 	June 30
2006
	 	 	Increase/
(Decrease)
	 	
 	  			 			 	Amount
	 	 	% 1
	 	
STATEMENTS OF INCOME	  	 	 	 	 	 	 	 	 	 	 	 	
NET INTEREST INCOME	  	$2,359,843	 	 	$2,347,784	 	 	$12,059	 	 	0.5	%	
Provision for loan losses	  	161,121	 	 	85,162	 	 	75,959	 	 	89.2	 	
 	  			 			 			 	 	 	
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	  	2,198,722	 	 	2,262,622	 	 	(63,900	)	 	(2.8	)	
 	  			 			 			 	 	 	
NONINTEREST INCOME	  	 	 	 	 	 	 	 	 	 	 	 	
Service charges on deposit accounts	  	385,879	 	 	377,830	 	 	8,049	 	 	2.1	 	
Trust and investment management income	  	338,938	 	 	343,900	 	 	(4,962	)	 	(1.4	)	
Retail investment services	  	135,328	 	 	113,430	 	 	21,898	 	 	19.3	 	
Other charges and fees	  	236,495	 	 	226,330	 	 	10,165	 	 	4.5	 	
Investment banking income	  	112,156	 	 	112,296	 	 	(140	)	 	(0.1	)	
Trading account profits and commissions	  	106,638	 	 	83,057	 	 	23,581	 	 	28.4	 	
Card fees	  	132,775	 	 	118,544	 	 	14,231	 	 	12.0	 	
Mortgage production related income	  	55,667	 	 	119,616	 	 	(63,949	)	 	(53.5	)	
Mortgage servicing related income	  	80,930	 	 	76,111	 	 	4,819	 	 	6.3	 	
Net gain on sale upon merger of Lighthouse Partners	  	32,340	 	 	-  	 	 	32,340	 	 	100.0	 	
Other noninterest income	  	179,950	 	 	149,799	 	 	30,151	 	 	20.1	 	
Net securities gains/(losses)	  	236,432	 	 	5,962	 	 	230,470	 	 	NM	 	
 	  			 			 			 	 	 	
Total noninterest income	  	2,033,528	 	 	1,726,875	 	 	306,653	 	 	17.8	 	
 	  			 			 			 	 	 	
NONINTEREST EXPENSE	  	 	 	 	 	 	 	 	 	 	 	 	
Employee compensation and benefits	  	1,409,613	 	 	1,394,038	 	 	15,575	 	 	1.1	 	
Net occupancy expense	  	170,907	 	 	162,754	 	 	8,153	 	 	5.0	 	
Outside processing and software	  	200,406	 	 	193,339	 	 	7,067	 	 	3.7	 	
Equipment expense	  	103,232	 	 	97,555	 	 	5,677	 	 	5.8	 	
Marketing and customer development	  	89,031	 	 	92,024	 	 	(2,993	)	 	(3.3	)	
Amortization of intangible assets	  	48,446	 	 	53,130	 	 	(4,684	)	 	(8.8	)	
Other noninterest expense	  	465,556	 	 	447,744	 	 	17,812	 	 	4.0	 	
 	  			 			 			 	 	 	
Total noninterest expense	  	2,487,191	 	 	2,440,584	 	 	46,607	 	 	1.9	 	
 	  			 			 			 	 	 	
INCOME BEFORE INCOME TAXES	  	1,745,059	 	 	1,548,913	 	 	196,146	 	 	12.7	 	
Provision for income taxes	  	542,332	 	 	473,384	 	 	68,948	 	 	14.6	 	
 	  			 			 			 	 	 	
NET INCOME	  	1,202,727	 	 	1,075,529	 	 	127,198	 	 	11.8	 	
Preferred dividends	  	14,882	 	 	-  	 	 	14,882	 	 	100.0	 	
 	  			 			 			 	 	 	
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS	  	1,187,845	 	 	1,075,529	 	 	112,316	 	 	10.4	 	
Gain on sale of shares of The Coca-Cola Company, net of tax	  	(145,580	)	 	-  	 	 	(145,580	)	 	(100.0	)	
 	  			 			 			 	 	 	
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS EXCLUDING THE GAIN ON SALE OF SHARES OF THE COCA-COLA COMPANY 1	  	$1,042,265	 	 	1,075,529	 	 	($33,264	)	 	(3.1	)%	
 	  			 			 			 	 	 	
REVENUE AND NONINTEREST EXPENSE	  	 	 	 	 	 	 	 	 	 	 	 	
Net interest income	  	$2,359,843	 	 	$2,347,784	 	 	$12,059	 	 	0.5	%	
Taxable-equivalent adjustment	  	48,381	 	 	41,621	 	 	6,760	 	 	16.2	 	
 	  			 			 			 	 	 	
Net interest income - FTE	  	2,408,224	 	 	2,389,405	 	 	18,819	 	 	0.8	 	
Noninterest income	  	2,033,528	 	 	1,726,875	 	 	306,653	 	 	17.8	 	
 	  			 			 			 	 	 	
Total revenue - FTE	  	4,441,752	 	 	4,116,280	 	 	325,472	 	 	7.9	 	
Net securities (gains)/losses	  	(236,432	)	 	(5,962	)	 	230,470	 	 	NM	 	
 	  			 			 			 	 	 	
Total revenue - FTE excluding net securities (gains)/losses 2	  	$4,205,320	 	 	$4,110,318	 	 	$95,002	 	 	2.3	%	
 	  			 			 			 	 	 	
Noninterest expense	  	$2,487,191	 	 	$2,440,584	 	 	46,607	 	 	1.9	%	
Compensation expense related to fair valued mortgage loans	  	(12,400	)	 	-  	 	 	(12,400	)	 	(100.0	)	
Leverage lease reserve reversal	  	-  	 	 	10,923	 	 	(10,923	)	 	(100.0	)	
E 2 initial implementation costs, net of corporate real estate gains	  	(8,770	)	 	(6,934	)	 	(1,836	)	 	26.5	 	
 	  			 			 			 	 	 	
Noninterest expense excluding compensation expense related to fair valued mortgage loans, leverage lease reserve reversal and E 2 implementation costs, net of corporate real estate gains 3	  	$2,466,021	 	 	$2,444,573	 	 	$21,448	 	 	0.9	%	
 	  			 			 			 	 	 	
SELECTED AVERAGE BALANCES (Dollars in millions)	  	 	 	 	 	 	 	 	 	 	 	 	
Average loans	  	 	 	 	 	 	 	 	 	 	 	 	
Commercial	  	$33,819	 	 	$33,531	 	 	$288	 	 	0.9	%	
Real estate home equity lines	  	13,794	 	 	13,454	 	 	340	 	 	2.5	 	
Real estate construction	  	13,571	 	 	11,652	 	 	1,919	 	 	16.5	 	
Real estate 1-4 family	  	32,413	 	 	32,927	 	 	(514	)	 	(1.6	)	
Real estate commercial	  	12,781	 	 	12,811	 	 	(30	)	 	(0.2	)	
Credit card	  	387	 	 	293	 	 	94	 	 	32.2	 	
Consumer - direct	  	4,284	 	 	4,765	 	 	(481	)	 	(10.1	)	
Consumer - indirect	  	8,115	 	 	8,469	 	 	(354	)	 	(4.2	)	
Nonaccrual and restructured	  	667	 	 	312	 	 	355	 	 	NM	 	
 	  			 			 			 	 	 	
Total loans	  	$119,831	 	 	$118,214	 	 	$1,617	 	 	1.4	%	
 	  			 			 			 	 	 	
Average deposits	  	 	 	 	 	 	 	 	 	 	 	 	
Noninterest bearing deposits	  	$22,166	 	 	$23,878	 	 	($1,712	)	 	(7.2	)%	
NOW accounts	  	19,944	 	 	16,905	 	 	$3,039	 	 	18.0	 	
Money market accounts	  	21,930	 	 	25,358	 	 	(3,428	)	 	(13.5	)	
Savings	  	4,905	 	 	5,226	 	 	(321	)	 	(6.1	)	
Consumer and other time	  	28,915	 	 	24,870	 	 	4,045	 	 	16.3	 	
 	  			 			 			 	 	 	
Total consumer and commercial deposits	  	97,860	 	 	96,237	 	 	1,623	 	 	1.7	 	
Brokered and foreign deposits	  	25,341	 	 	25,930	 	 	(589	)	 	(2.3	)	
 	  			 			 			 	 	 	
Total deposits	  	$123,201	 	 	$122,167	 	 	$1,034	 	 	0.8	%	

1	Any change over 100 percent is labeled as “NM”. Those changes over 100 percent were not considered to be meaningful.	

2	SunTrust presents selected financial data on a basis that excludes net securities gains/(losses) and the gain on the sale of shares of The Coca-Cola Company. The Company believes the exclusion of these items is more indicative of the Company’s performance because they exclude a large securities gain that is not a customer relationship or customer driven transaction.	

3	SunTrust presents noninterest expense on a basis that excludes compensation expense related to fair valued mortgage loans, leverage lease reserve reversal, and E 2 initial implementation costs, net of corporate real estate gains. The Company believes the exclusion of these items is more indicative of normalized operations.	
 
Page 16

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

 	  	Three Months Ended
	 	 		 	 	Six Months Ended
	 	 		 	
 	  	June 30
2007
	 	 	June 30
2006
	 	 	% 3
Change
	 	 	June 30
2007
	 	 	June 30
2006
	 	 	% 3
Change
	 	
Statement of Income	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net interest income	  	$580,514	 	 	$590,499	 	 	(1.7	)%	 	$1,156,774	 	 	$1,165,937	 	 	(0.8	)%	
FTE adjustment	  	35	 	 	21	 	 	66.7	 	 	70	 	 	42	 	 	66.7	 	
 	  			 			 	 	 	 			 			 	 	 	
Net interest income - FTE	  	580,549	 	 	590,520	 	 	(1.7	)	 	1,156,844	 	 	1,165,979	 	 	(0.8	)	
Provision for loan losses 1	  	48,620	 	 	18,871	 	 	NM	 	 	93,606	 	 	38,589	 	 	NM	 	
 	  			 			 	 	 	 			 			 	 	 	
Net interest income after provision for loan losses - FTE	  	531,929	 	 	571,649	 	 	(6.9	)	 	1,063,238	 	 	1,127,390	 	 	(5.7	)	
 	  			 			 	 	 	 			 			 	 	 	
Noninterest income before securities gains	  	267,672	 	 	265,747	 	 	0.7	 	 	526,631	 	 	523,260	 	 	0.6	 	
Securities gains, net	  	-  	 	 	-  	 	 	-  	 	 	3	 	 	-  	 	 	100.0	 	
 	  			 			 	 	 	 			 			 	 	 	
Total noninterest income	  	267,672	 	 	265,747	 	 	0.7	 	 	526,634	 	 	523,260	 	 	0.6	 	
 	  			 			 	 	 	 			 			 	 	 	
Noninterest expense before amortization of intangible assets	  	533,105	 	 	526,677	 	 	1.2	 	 	1,050,936	 	 	1,048,128	 	 	0.3	 	
Amortization of intangible assets	  	17,245	 	 	21,075	 	 	(18.2	)	 	36,017	 	 	43,608	 	 	(17.4	)	
 	  			 			 	 	 	 			 			 	 	 	
Total noninterest expense	  	550,350	 	 	547,752	 	 	0.5	 	 	1,086,953	 	 	1,091,736	 	 	(0.4	)	
 	  			 			 	 	 	 			 			 	 	 	
Income before provision for income taxes	  	249,251	 	 	289,644	 	 	(13.9	)	 	502,919	 	 	558,914	 	 	(10.0	)	
Provision for income taxes	  	90,270	 	 	105,652	 	 	(14.6	)	 	182,722	 	 	204,059	 	 	(10.5	)	
FTE adjustment	  	35	 	 	21	 	 	66.7	 	 	70	 	 	42	 	 	66.7	 	
 	  			 			 	 	 	 			 			 	 	 	
Net income	  	$158,946	 	 	$183,971	 	 	(13.6	)	 	$320,127	 	 	$354,813	 	 	(9.8	)	
 	  			 			 	 	 	 			 			 	 	 	
Total revenue - FTE	  	$848,221	 	 	$856,267	 	 	(0.9	)	 	$1,683,478	 	 	$1,689,239	 	 	(0.3	)	
							
Average Balance Sheet 2	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
							
Total loans	  	$31,579,084	 	 	$30,437,883	 	 	3.7	%	 	$31,409,677	 	 	$30,839,730	 	 	1.8	%	
Goodwill	  	4,897,762	 	 	4,897,367	 	 	-  	 	 	4,895,042	 	 	4,884,959	 	 	0.2	 	
Other intangible assets excluding MSRs	  	211,917	 	 	291,277	 	 	(27.2	)	 	221,153	 	 	302,220	 	 	(26.8	)	
Total assets	  	37,734,467	 	 	37,904,665	 	 	(0.4	)	 	37,708,718	 	 	38,198,537	 	 	(1.3	)	
Total deposits	  	68,743,828	 	 	69,539,701	 	 	(1.1	)	 	69,015,114	 	 	68,384,403	 	 	0.9	 	
							
Performance Ratios	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
							
Efficiency ratio	  	64.88	%	 	63.97	%	 	 	 	 	64.57	%	 	64.63	%	 	 	 	
Impact of excluding cost of intangible assets	  	(5.89	)	 	(6.24	)	 	 	 	 	(5.98	)	 	(6.43	)	 	 	 	
 	  			 			 	 	 	 			 			 	 	 	
Tangible efficiency ratio	  	58.99	%	 	57.73	%	 	 	 	 	58.59	%	 	58.20	%	 	 	 	

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

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

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

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

 	  	Three Months Ended
	 	 		 	 	Six Months Ended
	 	 		 	
 	  	June 30
2007
	 	 	June 30
2006
	 	 	%
Change
	 	 	June 30
2007
	 	 	June 30
2006
	 	 	%
Change
	 	
Statement of Income	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
							
Net interest income	  	$220,089	 	 	$232,037	 	 	(5.1	)%	 	$439,427	 	 	$458,575	 	 	(4.2	)%	
FTE adjustment	  	9,359	 	 	9,971	 	 	(6.1	)	 	18,886	 	 	19,935	 	 	(5.3	)	
 	  			 			 	 	 	 			 			 	 	 	
Net interest income - FTE	  	229,448	 	 	242,008	 	 	(5.2	)	 	458,313	 	 	478,510	 	 	(4.2	)	
Provision for loan losses 1	  	7,776	 	 	6,656	 	 	16.8	 	 	10,722	 	 	5,559	 	 	92.9	 	
 	  			 			 	 	 	 			 			 	 	 	
Net interest income after provision for loan losses - FTE	  	221,672	 	 	235,352	 	 	(5.8	)	 	447,591	 	 	472,951	 	 	(5.4	)	
 	  			 			 	 	 	 			 			 	 	 	
Noninterest income before securities gains/(losses)	  	74,212	 	 	70,825	 	 	4.8	 	 	144,814	 	 	141,472	 	 	2.4	 	
Securities gains/(losses), net	  	-  	 	 	-  	 	 	-  	 	 	-  	 	 	-  	 	 	-  	 	
 	  			 			 	 	 	 			 			 	 	 	
Total noninterest income	  	74,212	 	 	70,825	 	 	4.8	 	 	144,814	 	 	141,472	 	 	2.4	 	
 	  			 			 	 	 	 			 			 	 	 	
Noninterest expense before amortization of intangible assets	  	165,311	 	 	167,875	 	 	(1.5	)	 	334,947	 	 	339,110	 	 	(1.2	)	
Amortization of intangible assets	  	-  	 	 	-  	 	 	-  	 	 	-  	 	 	-  	 	 	-  	 	
 	  			 			 	 	 	 			 			 	 	 	
Total noninterest expense	  	165,311	 	 	167,875	 	 	(1.5	)	 	334,947	 	 	339,110	 	 	(1.2	)	
 	  			 			 	 	 	 			 			 	 	 	
Income before provision for income taxes	  	130,573	 	 	138,302	 	 	(5.6	)	 	257,458	 	 	275,313	 	 	(6.5	)	
Provision for income taxes	  	20,586	 	 	21,190	 	 	(2.8	)	 	39,794	 	 	44,729	 	 	(11.0	)	
FTE adjustment	  	9,359	 	 	9,971	 	 	(6.1	)	 	18,886	 	 	19,935	 	 	(5.3	)	
 	  			 			 	 	 	 			 			 	 	 	
Net income	  	$100,628	 	 	$107,141	 	 	(6.1	)	 	$198,778	 	 	$210,649	 	 	(5.6	)	
 	  			 			 	 	 	 			 			 	 	 	
Total revenue - FTE	  	$303,660	 	 	$312,833	 	 	(2.9	)	 	$603,127	 	 	$619,982	 	 	(2.7	)	
Average Balance Sheet 2	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total loans	  	$33,258,483	 	 	$32,821,777	 	 	1.3	%	 	$33,056,392	 	 	$32,219,821	 	 	2.6	%	
Goodwill	  	1,262,176	 	 	1,264,845	 	 	(0.2	)	 	1,262,176	 	 	1,263,115	 	 	(0.1	)	
Other intangible assets excluding MSRs	  	-  	 	 	-  	 	 	-  	 	 	-  	 	 	-  	 	 	-  	 	
Total assets	  	35,683,882	 	 	35,290,908	 	 	1.1	 	 	35,476,602	 	 	34,662,079	 	 	2.3	 	
Total deposits	  	14,275,554	 	 	13,641,334	 	 	4.6	 	 	14,257,189	 	 	13,680,130	 	 	4.2	 	
							
Performance Ratios	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
							
Efficiency ratio	  	54.44	%	 	53.66	%	 	 	 	 	55.54	%	 	54.70	%	 	 	 	
Impact of excluding cost of intangible assets	  	(2.35	)	 	(2.24	)	 	 	 	 	(2.40	)	 	(2.30	)	 	 	 	
 	  			 			 	 	 	 			 			 	 	 	
Tangible efficiency ratio	  	52.09	%	 	51.42	%	 	 	 	 	53.14	%	 	52.40	%	 	 	 	

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

2	Shareholders’ equity is not allocated to the lines of business at this time; business line performance does not include the funding benefit that would result from holding shareholders’ equity at the line of business level.	
 
Page 18

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

 	  	Three Months Ended
	 	 		 	 	Six Months Ended
	 	 		 	
 	  	June 30
2007
	 	 	June 30
2006
	 	 	% 3
 Change
	 	 	June 30
2007
	 	 	June 30
2006
	 	 	% 3
 Change
	 	
Statement of Income	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
							
Net interest income	  	$42,456	 	 	$49,706	 	 	(14.6	)%	 	$84,465	 	 	$110,489	 	 	(23.6	)%	
FTE adjustment	  	10,995	 	 	7,500	 	 	46.6	 	 	20,946	 	 	14,107	 	 	48.5	 	
 	  			 			 	 	 	 			 			 	 	 	
Net interest income - FTE	  	53,451	 	 	57,206	 	 	(6.6	)	 	105,411	 	 	124,596	 	 	(15.4	)	
Provision for loan losses 1	  	14,600	 	 	(435	)	 	NM	 	 	16,863	 	 	(830	)	 	NM	 	
 	  			 			 	 	 	 			 			 	 	 	
Net interest income after provision for loan losses - FTE	  	38,851	 	 	57,641	 	 	(32.6	)	 	88,548	 	 	125,426	 	 	(29.4	)	
 	  			 			 	 	 	 			 			 	 	 	
Noninterest income before securities gains/(losses)	  	199,155	 	 	159,274	 	 	25.0	 	 	344,475	 	 	315,386	 	 	9.2	 	
Securities gains/(losses), net	  	-  	 	 	-  	 	 	-  	 	 	-  	 	 	-  	 	 	-  	 	
 	  			 			 	 	 	 			 			 	 	 	
Total noninterest income	  	199,155	 	 	159,274	 	 	25.0	 	 	344,475	 	 	315,386	 	 	9.2	 	
 	  			 			 	 	 	 			 			 	 	 	
Noninterest expense before amortization of intangible assets	  	131,994	 	 	116,794	 	 	13.0	 	 	258,095	 	 	249,936	 	 	3.3	 	
Amortization of intangible assets	  	122	 	 	122	 	 	-  	 	 	244	 	 	244	 	 	-  	 	
 	  			 			 	 	 	 			 			 	 	 	
Total noninterest expense	  	132,116	 	 	116,916	 	 	13.0	 	 	258,339	 	 	250,180	 	 	3.3	 	
 	  			 			 	 	 	 			 			 	 	 	
Income before provision for income taxes	  	105,890	 	 	99,999	 	 	5.9	 	 	174,684	 	 	190,632	 	 	(8.4	)	
Provision for income taxes	  	28,811	 	 	30,121	 	 	(4.4	)	 	44,391	 	 	57,142	 	 	(22.3	)	
FTE adjustment	  	10,995	 	 	7,500	 	 	46.6	 	 	20,946	 	 	14,107	 	 	48.5	 	
 	  			 			 	 	 	 			 			 	 	 	
Net income	  	$66,084	 	 	$62,378	 	 	5.9	 	 	$109,347	 	 	$119,383	 	 	(8.4	)	
 	  			 			 	 	 	 			 			 	 	 	
Total revenue - FTE	  	$252,606	 	 	$216,480	 	 	16.7	 	 	$449,886	 	 	$439,982	 	 	2.3	 	
Average Balance Sheet 2	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
							
Total loans	  	$15,234,660	 	 	$16,394,765	 	 	(7.1	)%	 	$15,752,200	 	 	$16,197,153	 	 	(2.7	)%	
Goodwill	  	147,470	 	 	147,666	 	 	(0.1	)	 	147,470	 	 	147,569	 	 	(0.1	)	
Other intangible assets excluding MSRs	  	1,157	 	 	1,647	 	 	(29.8	)	 	1,221	 	 	2,224	 	 	(45.1	)	
Total assets	  	23,722,665	 	 	23,765,119	 	 	(0.2	)	 	23,844,914	 	 	23,518,942	 	 	1.4	 	
Total deposits	  	2,779,900	 	 	2,999,145	 	 	(7.3	)	 	2,789,906	 	 	3,337,324	 	 	(16.4	)	
							
Performance Ratios	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
							
Efficiency ratio	  	52.30	%	 	54.01	%	 	 	 	 	57.42	%	 	56.86	%	 	 	 	
Impact of excluding cost of intangible assets	  	(0.38	)	 	(0.46	)	 	 	 	 	(0.46	)	 	(0.47	)	 	 	 	
 	  			 			 	 	 	 			 			 	 	 	
Tangible efficiency ratio	  	51.92	%	 	53.55	%	 	 	 	 	56.96	%	 	56.39	%	 	 	 	

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

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

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

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

 	  	Three Months Ended
	 	 		 	 	Six Months Ended
	 	 		 	
 	  	June 30
2007
	 	 	June 30
2006
	 	 	% 3
Change
	 	 	June 30
2007
	 	 	June 30
2006
	 	 	% 3
Change
	 	
Statement of Income	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net interest income	  	$135,485	 	 	$149,361	 	 	(9.3	)%	 	$266,163	 	 	$298,197	 	 	(10.7	)%	
FTE adjustment	  	-  	 	 	-  	 	 	-  	 	 	-  	 	 	-  	 	 	-  	 	
 	  			 			 	 	 	 			 			 	 	 	
Net interest income - FTE	  	135,485	 	 	149,361	 	 	(9.3	)	 	266,163	 	 	298,197	 	 	(10.7	)	
Provision for loan losses 1	  	13,051	 	 	2,128	 	 	NM	 	 	23,260	 	 	5,000	 	 	NM	 	
 	  			 			 	 	 	 			 			 	 	 	
Net interest income after provision for loan losses - FTE	  	122,434	 	 	147,233	 	 	(16.8	)	 	242,903	 	 	293,197	 	 	(17.2	)	
 	  			 			 	 	 	 			 			 	 	 	
Noninterest income before securities gains/(losses)	  	136,931	 	 	100,322	 	 	36.5	 	 	175,412	 	 	220,668	 	 	(20.5	)	
Securities gains/(losses), net	  	-  	 	 	-  	 	 	-  	 	 	-  	 	 	-  	 	 	-  	 	
 	  			 			 	 	 	 			 			 	 	 	
Total noninterest income	  	136,931	 	 	100,322	 	 	36.5	 	 	175,412	 	 	220,668	 	 	(20.5	)	
 	  			 			 	 	 	 			 			 	 	 	
Noninterest expense before amortization of intangible assets	  	196,411	 	 	152,194	 	 	29.1	 	 	347,976	 	 	297,277	 	 	17.1	 	
Amortization of intangible assets	  	763	 	 	763	 	 	-  	 	 	1,527	 	 	1,527	 	 	-  	 	
 	  			 			 	 	 	 			 			 	 	 	
Total noninterest expense	  	197,174	 	 	152,957	 	 	28.9	 	 	349,503	 	 	298,804	 	 	17.0	 	
 	  			 			 	 	 	 			 			 	 	 	
Income before provision for income taxes	  	62,191	 	 	94,598	 	 	(34.3	)	 	68,812	 	 	215,061	 	 	(68.0	)	
Provision for income taxes	  	20,064	 	 	32,667	 	 	(38.6	)	 	19,184	 	 	75,449	 	 	(74.6	)	
FTE adjustment	  	-  	 	 	-  	 	 	-  	 	 	-  	 	 	-  	 	 	-  	 	
 	  			 			 	 	 	 			 			 	 	 	
Net income	  	$42,127	 	 	$61,931	 	 	(32.0	)	 	$49,628	 	 	$139,612	 	 	(64.5	)	
 	  			 			 	 	 	 			 			 	 	 	
Total revenue - FTE	  	$272,416	 	 	$249,683	 	 	9.1	 	 	$441,575	 	 	$518,865	 	 	(14.9	)	
							
Average Balance Sheet 2	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
							
Total loans	  	$29,447,549	 	 	$32,009,078	 	 	(8.0	)%	 	$30,906,163	 	 	$30,478,394	 	 	1.4	%	
Goodwill	  	276,635	 	 	275,705	 	 	0.3	 	 	276,310	 	 	263,015	 	 	5.1	 	
Other intangible assets excluding MSRs	  	3,503	 	 	6,562	 	 	(46.6	)	 	3,901	 	 	6,942	 	 	(43.8	)	
Total assets	  	47,866,786	 	 	41,088,776	 	 	16.5	 	 	46,076,743	 	 	40,335,162	 	 	14.2	 	
Total deposits	  	2,378,640	 	 	1,843,188	 	 	29.1	 	 	2,086,942	 	 	1,644,671	 	 	26.9	 	
							
Performance Ratios	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
							
Efficiency ratio	  	72.38	%	 	61.26	%	 	 	 	 	79.15	%	 	57.59	%	 	 	 	
Impact of excluding cost of intangible assets	  	(1.08	)	 	(1.04	)	 	 	 	 	(1.41	)	 	(0.93	)	 	 	 	
 	  			 			 	 	 	 			 			 	 	 	
Tangible efficiency ratio	  	71.30	%	 	60.22	%	 	 	 	 	77.74	%	 	56.66	%	 	 	 	
 	  			 			 	 	 	 			 			 	 	 	
Other Information	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
							
Production Data	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Channel mix	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Retail	  	$6,767,535	 	 	$6,571,921	 	 	3.0	%	 	$12,687,187	 	 	$11,747,315	 	 	8.0	%	
Wholesale	  	6,447,113	 	 	4,971,300	 	 	29.7	 	 	12,019,225	 	 	9,208,907	 	 	30.5	 	
Correspondent	  	4,745,579	 	 	3,486,658	 	 	36.1	 	 	8,080,169	 	 	5,624,910	 	 	43.6	 	
 	  			 			 	 	 	 			 			 	 	 	
Total production	  	$17,960,227	 	 	$15,029,879	 	 	19.5	 	 	$32,786,581	 	 	$26,581,132	 	 	23.3	 	
 	  			 			 	 	 	 			 			 	 	 	
Channel mix - percent	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Retail	  	38	%	 	44	%	 	 	 	 	39	%	 	44	%	 	 	 	
Wholesale	  	36	 	 	33	 	 	 	 	 	37	 	 	35	 	 	 	 	
Correspondent	  	26	 	 	23	 	 	 	 	 	24	 	 	21	 	 	 	 	
 	  			 			 	 	 	 			 			 	 	 	
Total production	  	100	%	 	100	%	 	 	 	 	100	%	 	100	%	 	 	 	
 	  			 			 	 	 	 			 			 	 	 	
Purchase and refinance mix	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Refinance	  	$7,721,183	 	 	$5,087,567	 	 	51.8	 	 	$15,287,725	 	 	$9,424,772	 	 	62.2	 	
Purchase	  	10,239,044	 	 	9,942,312	 	 	3.0	 	 	17,498,856	 	 	17,156,360	 	 	2.0	 	
 	  			 			 	 	 	 			 			 	 	 	
Total production	  	$17,960,227	 	 	$15,029,879	 	 	19.5	 	 	$32,786,581	 	 	$26,581,132	 	 	23.3	 	
 	  			 			 	 	 	 			 			 	 	 	
Purchase and refinance mix - percent	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Refinance	  	43	%	 	34	%	 	 	 	 	47	%	 	35	%	 	 	 	
Purchase	  	57	 	 	66	 	 	 	 	 	53	 	 	65	 	 	 	 	
 	  			 			 	 	 	 			 			 	 	 	
Total production	  	100	%	 	100	%	 	 	 	 	100	%	 	100	%	 	 	 	
 	  			 			 	 	 	 			 			 	 	 	
Applications	  	$24,369,784	 	 	$22,169,211	 	 	9.9	 	 	$48,868,769	 	 	$42,366,894	 	 	15.3	 	
							
Mortgage Servicing Data (End of Period)	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
							
Total loans serviced	  	$150,456,415	 	 	$121,436,424	 	 	23.9	%	 	 	 	 	 	 	 	 	 	
Total loans serviced for others	  	105,123,313	 	 	80,511,802	 	 	30.6	 	 	 	 	 	 	 	 	 	 	
Net carrying value of MSRs	  	942,012	 	 	720,263	 	 	30.8	 	 	 	 	 	 	 	 	 	 	
Ratio of net carrying value of MSRs to total loans serviced for others	  	0.896	%	 	0.895	%	 	 	 	 	 	 	 	 	 	 	 	 	
 
1	Provision for loan losses represents net charge-offs for the lines of business.	

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

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

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

 	  	Three Months Ended
	 	 		 	 	Six Months Ended
	 	 		 	
 	  	June 30
2007
	 	 	June 30
2006
	 	 	% 3
Change
	 	 	June 30
2007
	 	 	June 30
2006
	 	 	% 3
Change
	 	
Statement of Income	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net interest income	  	$86,975	 	 	$91,215	 	 	(4.6	)%	 	$176,050	 	 	$181,178	 	 	(2.8	)%	
FTE adjustment	  	12	 	 	17	 	 	(29.4	)	 	28	 	 	34	 	 	(17.6	)	
 	  			 			 	 	 	 			 			 	 	 	
Net interest income - FTE	  	86,987	 	 	91,232	 	 	(4.7	)	 	176,078	 	 	181,212	 	 	(2.8	)	
Provision for loan losses 1	  	2,951	 	 	751	 	 	NM	 	 	4,011	 	 	943	 	 	NM	 	
 	  			 			 	 	 	 			 			 	 	 	
Net interest income after provision for loan losses - FTE	  	84,036	 	 	90,481	 	 	(7.1	)	 	172,067	 	 	180,269	 	 	(4.5	)	
 	  			 			 	 	 	 			 			 	 	 	
Noninterest income before securities gains/(losses)	  	248,963	 	 	251,103	 	 	(0.9	)	 	533,518	 	 	489,453	 	 	9.0	 	
Securities gains/(losses), net	  	65	 	 	(15	)	 	NM	 	 	9	 	 	(53	)	 	NM	 	
 	  			 			 	 	 	 			 			 	 	 	
Total noninterest income	  	249,028	 	 	251,088	 	 	(0.8	)	 	533,527	 	 	489,400	 	 	9.0	 	
 	  			 			 	 	 	 			 			 	 	 	
Noninterest expense before amortization of intangible assets	  	241,691	 	 	245,924	 	 	(1.7	)	 	504,377	 	 	495,922	 	 	1.7	 	
Amortization of intangible assets	  	6,553	 	 	3,702	 	 	77.0	 	 	10,216	 	 	7,307	 	 	39.8	 	
 	  			 			 	 	 	 			 			 	 	 	
Total noninterest expense	  	248,244	 	 	249,626	 	 	(0.6	)	 	514,593	 	 	503,229	 	 	2.3	 	
 	  			 			 	 	 	 			 			 	 	 	
Income before provision for income taxes	  	84,820	 	 	91,943	 	 	(7.7	)	 	191,001	 	 	166,440	 	 	14.8	 	
Provision for income taxes	  	31,473	 	 	34,430	 	 	(8.6	)	 	70,262	 	 	62,003	 	 	13.3	 	
FTE adjustment	  	12	 	 	17	 	 	(29.4	)	 	28	 	 	34	 	 	(17.6	)	
 	  			 			 	 	 	 			 			 	 	 	
Net income	  	$53,335	 	 	$57,496	 	 	(7.2	)	 	$120,711	 	 	$104,403	 	 	15.6	 	
 	  			 			 	 	 	 			 			 	 	 	
Total revenue - FTE	  	$336,015	 	 	$342,320	 	 	(1.8	)	 	$709,605	 	 	$670,612	 	 	5.8	 	
							
Average Balance Sheet 2	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
							
Total loans	  	$8,026,076	 	 	$8,063,724	 	 	(0.5	)%	 	$8,110,682	 	 	$8,106,158	 	 	0.1	%	
Goodwill	  	304,262	 	 	305,456	 	 	(0.4	)	 	314,363	 	 	301,745	 	 	4.2	 	
Other intangible assets excluding MSRs	  	136,557	 	 	123,825	 	 	10.3	 	 	127,020	 	 	123,124	 	 	3.2	 	
Total assets	  	8,941,690	 	 	8,853,497	 	 	1.0	 	 	9,002,749	 	 	8,874,153	 	 	1.4	 	
Total deposits	  	9,869,892	 	 	9,158,372	 	 	7.8	 	 	9,827,249	 	 	9,158,801	 	 	7.3	 	
							
Performance Ratios	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
							
Efficiency ratio	  	73.88	%	 	72.92	%	 	 	 	 	72.52	%	 	75.04	%	 	 	 	
Impact of excluding cost of intangible assets	  	(2.96	)	 	(2.04	)	 	 	 	 	(2.38	)	 	(2.08	)	 	 	 	
 	  			 			 	 	 	 			 			 	 	 	
Tangible efficiency ratio	  	70.92	%	 	70.88	%	 	 	 	 	70.14	%	 	72.96	%	 	 	 	
 	  			 			 	 	 	 			 			 	 	 	
Other Information (End of Period)	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
							
Assets under adminstration	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Managed (discretionary) assets	  	$139,149,853	 	 	$135,046,000	 	 	3.0	%	 	 	 	 	 	 	 	 	 	
Non-managed assets	  	60,290,599	 	 	51,072,000	 	 	18.1	 	 	 	 	 	 	 	 	 	 	
 	  			 			 	 	 	 	 	 	 	 	 	 	 	 	
Total assets under administration	  	199,440,452	 	 	186,118,000	 	 	7.2	 	 	 	 	 	 	 	 	 	 	
 	  			 			 	 	 	 	 	 	 	 	 	 	 	 	
Brokerage assets	  	42,494,858	 	 	35,016,000	 	 	21.4	 	 	 	 	 	 	 	 	 	 	
Corporate trust assets	  	7,941,416	 	 	28,213,000	 	 	(71.9	)	 	 	 	 	 	 	 	 	 	
 	  			 			 	 	 	 	 	 	 	 	 	 	 	 	
Total assets under advisement	  	$249,876,726	 	 	$249,347,000	 	 	0.2	 	 	 	 	 	 	 	 	 	 	

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

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

3	“NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.	
 
Page 21

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

 	  	Three Months Ended
	 	 		 	 	Six Months Ended
	 	 		 	
 	  	June 30
2007
	 	 	June 30
2006
	 	 	% 2
Change
	 	 	June 30
2007
	 	 	June 30
2006
	 	 	% 2
Change
	 	
Statement of Income	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net interest income	  	$129,765	 	 	$55,925	 	 	NM	%	 	$236,964	 	 	$133,408	 	 	77.6	%	
FTE adjustment	  	4,267	 	 	3,774	 	 	13.1	 	 	8,451	 	 	7,503	 	 	12.6	 	
 	  			 			 	 	 	 			 			 	 	 	
Net interest income - FTE	  	134,032	 	 	59,699	 	 	NM	 	 	245,415	 	 	140,911	 	 	74.2	 	
Provision for loan losses 1	  	17,682	 	 	23,788	 	 	(25.7	)	 	12,659	 	 	35,901	 	 	(64.7	)	
 	  			 			 	 	 	 			 			 	 	 	
Net interest income after provision for loan losses - FTE	  	116,350	 	 	35,911	 	 	NM	 	 	232,756	 	 	105,010	 	 	NM	 	
 	  			 			 	 	 	 			 			 	 	 	
Noninterest income before securities gains	  	(8,723	)	 	22,240	 	 	NM	 	 	72,246	 	 	30,674	 	 	NM	 	
Securities gains, net	  	236,347	 	 	5,873	 	 	NM	 	 	236,420	 	 	6,015	 	 	NM	 	
 	  			 			 	 	 	 			 			 	 	 	
Total noninterest income	  	227,624	 	 	28,113	 	 	NM	 	 	308,666	 	 	36,689	 	 	NM	 	
 	  			 			 	 	 	 			 			 	 	 	
Noninterest expense before amortization of intangible assets	  	(42,222	)	 	(21,256	)	 	98.6	 	 	(57,586	)	 	(42,919	)	 	34.2	 	
Amortization of intangible assets	  	221	 	 	223	 	 	(0.9	)	 	442	 	 	444	 	 	(0.5	)	
 	  			 			 	 	 	 			 			 	 	 	
Total noninterest expense	  	(42,001	)	 	(21,033	)	 	99.7	 	 	(57,144	)	 	(42,475	)	 	34.5	 	
 	  			 			 	 	 	 			 			 	 	 	
Income before provision for income taxes	  	385,975	 	 	85,057	 	 	NM	 	 	598,566	 	 	184,174	 	 	NM	 	
Provision for income taxes	  	121,397	 	 	10,198	 	 	NM	 	 	185,979	 	 	30,002	 	 	NM	 	
FTE adjustment	  	4,267	 	 	3,774	 	 	13.1	 	 	8,451	 	 	7,503	 	 	12.6	 	
 	  			 			 	 	 	 			 			 	 	 	
Net income	  	$260,311	 	 	$71,085	 	 	NM	 	 	$404,136	 	 	$146,669	 	 	NM	 	
 	  			 			 	 	 	 			 			 	 	 	
Total revenue - FTE	  	$361,656	 	 	$87,812	 	 	NM	 	 	$554,081	 	 	$177,600	 	 	NM	 	
							
Measures excluding securities gains/(losses), net	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
							
Total revenue - FTE	  	$361,656	 	 	$87,812	 	 	NM	%	 	$554,081	 	 	$177,600	 	 	NM	%	
Securities gains, net	  	(236,347	)	 	(5,873	)	 	NM	 	 	(236,420	)	 	(6,015	)	 	NM	 	
 	  			 			 	 	 	 			 			 	 	 	
Total revenue - FTE excluding net securities gains 3	  	$125,309	 	 	$81,939	 	 	52.9	 	 	$317,661	 	 	$171,585	 	 	85.1	 	
 	  			 			 	 	 	 			 			 	 	 	
Net income	  	$260,311	 	 	$71,085	 	 	NM	 	 	$404,136	 	 	$146,669	 	 	NM	 	
Gain on sale of shares of The Coca-Cola Company, net of tax	  	(145,580	)	 	-  	 	 	(100.0	)	 	(145,580	)	 	-  	 	 	(100.0	)	
 	  			 			 	 	 	 			 			 	 	 	
Net Income excluding gain on shares of The Coca-Cola Company 4	  	$114,731	 	 	$71,085	 	 	61.4	 	 	$258,556	 	 	$146,669	 	 	76.3	 	
 	  			 			 	 	 	 			 			 	 	 	
Average Balance Sheet	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
							
Total loans	  	$618,774	 	 	$417,246	 	 	48.3	%	 	$595,391	 	 	$372,828	 	 	59.7	%	
Securities available for sale	  	17,524,366	 	 	25,494,198	 	 	(31.3	)	 	20,116,132	 	 	25,132,642	 	 	(20.0	)	
Goodwill	  	7,095	 	 	7,419	 	 	(4.4	)	 	7,672	 	 	7,996	 	 	(4.1	)	
Other intangible assets excluding MSRs	  	4,957	 	 	5,846	 	 	(15.2	)	 	5,073	 	 	5,956	 	 	(14.8	)	
Total assets	  	26,046,967	 	 	33,841,181	 	 	(23.0	)	 	28,637,515	 	 	33,600,976	 	 	(14.8	)	
							
Total deposits (mainly brokered and foreign)	  	23,861,897	 	 	27,184,891	 	 	(12.2	)	 	25,224,469	 	 	25,962,278	 	 	(2.8	)	

 	  			 			 	 	 	 	 	 	 	 	 	 	 	 	
 	  	June 30
2007
	 	 	December 31
2006
	 	 	 	 	 	 	 	 	 	 	 	 	 	
Other Information	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
							
Duration of investment portfolio	  	5.2	%	 	3.1	%	 	 	 	 	 	 	 	 	 	 	 	 	
Net interest income interest rate sensitivity:	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
% Change in net interest income under:	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Instantaneous 100 bp increase in rates over next 12 months	  	0.3	%	 	(0.9	)%	 	 	 	 	 	 	 	 	 	 	 	 	
Instantaneous 100 bp decrease in rates over next 12 months	  	(0.7	)%	 	1.0	%	 	 	 	 	 	 	 	 	 	 	 	 	
 
1	Provision for loan losses represents difference between net charge-offs for the lines of business and consolidated provision for loan losses.	

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

3	SunTrust presents total revenue excluding realized securities gains/losses. The Company believes total revenue without the securities gains/losses is more indicative of the Company’s performance because it isolates income that is primarily customer relationship and customer transaction driven.	

4	SunTrust presents net income avalable to common shareholders excluding the gain on sale of shares of the Coca-Cola Company. The Company believes that this measure is more indicative of the Company’s performance because it excludes a large securities gain that is not a customer relationship nor a customer driven transaction.	
 
Page 22

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

 	  	Three Months Ended
	 	 		 	 	Six Months Ended
	 	 		 	
 	  	June 30
2007
	 	 	June 30
2006
	 	 	% 1
Change
	 	 	June 30
2007
	 	 	June 30
2006
	 	 	% 1
Change
	 	
Statement of Income	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net interest income	  	$1,195,284	 	 	$1,168,743	 	 	2.3	%	 	$2,359,843	 	 	$2,347,784	 	 	0.5	%	
FTE adjustment	  	24,668	 	 	21,283	 	 	15.9	 	 	48,381	 	 	41,621	 	 	16.2	 	
 	  			 			 	 	 	 			 			 	 	 	
Net interest income - FTE	  	1,219,952	 	 	1,190,026	 	 	2.5	 	 	2,408,224	 	 	2,389,405	 	 	0.8	 	
Provision for loan losses	  	104,680	 	 	51,759	 	 	NM	 	 	161,121	 	 	85,162	 	 	89.2	 	
 	  			 			 	 	 	 			 			 	 	 	
Net interest income after provision for loan losses - FTE	  	1,115,272	 	 	1,138,267	 	 	(2.0	)	 	2,247,103	 	 	2,304,243	 	 	(2.5	)	
 	  			 			 	 	 	 			 			 	 	 	
Noninterest income before securities gains/(losses)	  	918,210	 	 	869,511	 	 	5.6	 	 	1,797,096	 	 	1,720,913	 	 	4.4	 	
Securities gains/(losses), net	  	236,412	 	 	5,858	 	 	NM	 	 	236,432	 	 	5,962	 	 	NM	 	
 	  			 			 	 	 	 			 			 	 	 	
Total noninterest income	  	1,154,622	 	 	875,369	 	 	31.9	 	 	2,033,528	 	 	1,726,875	 	 	17.8	 	
 	  			 			 	 	 	 			 			 	 	 	
Noninterest expense before amortization of intangible assets	  	1,226,290	 	 	1,188,208	 	 	3.2	 	 	2,438,745	 	 	2,387,454	 	 	2.1	 	
Amortization of intangible assets	  	24,904	 	 	25,885	 	 	(3.8	)	 	48,446	 	 	53,130	 	 	(8.8	)	
 	  			 			 	 	 	 			 			 	 	 	
Total noninterest expense	  	1,251,194	 	 	1,214,093	 	 	3.1	 	 	2,487,191	 	 	2,440,584	 	 	1.9	 	
 	  			 			 	 	 	 			 			 	 	 	
Income before provision for income taxes	  	1,018,700	 	 	799,543	 	 	27.4	 	 	1,793,440	 	 	1,590,534	 	 	12.8	 	
Provision for income taxes	  	312,601	 	 	234,258	 	 	33.4	 	 	542,332	 	 	473,384	 	 	14.6	 	
FTE adjustment	  	24,668	 	 	21,283	 	 	15.9	 	 	48,381	 	 	41,621	 	 	16.2	 	
 	  			 			 	 	 	 			 			 	 	 	
Net income	  	$681,431	 	 	$544,002	 	 	25.3	 	 	$1,202,727	 	 	1,075,529	 	 	11.8	 	
 	  			 			 	 	 	 			 			 	 	 	
Total revenue - FTE	  	$2,374,574	 	 	2,065,395	 	 	15.0	 	 	$4,441,752	 	 	$4,116,280	 	 	7.9	 	
							
Average Balance Sheet	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
							
Total loans	  	$118,164,626	 	 	$120,144,473	 	 	(1.6	)%	 	$119,830,505	 	 	$118,214,084	 	 	1.4	%	
Goodwill	  	6,895,400	 	 	6,898,458	 	 	-  	 	 	6,903,033	 	 	6,868,399	 	 	0.5	 	
Other intangible assets excluding MSRs	  	358,091	 	 	429,157	 	 	(16.6	)	 	358,368	 	 	440,466	 	 	(18.6	)	
Total assets	  	179,996,457	 	 	180,744,146	 	 	(0.4	)	 	180,747,241	 	 	179,189,849	 	 	0.9	 	
Total deposits	  	121,909,711	 	 	124,366,631	 	 	(2.0	)	 	123,200,869	 	 	122,167,607	 	 	0.8	 	
							
Performance Ratios	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
							
Efficiency ratio	  	52.69	%	 	58.78	%	 	 	 	 	56.00	%	 	59.29	%	 	 	 	
Impact of excluding cost of intangible assets	  	(1.05	)	 	(1.25	)	 	 	 	 	(1.09	)	 	(1.29	)	 	 	 	
 	  			 			 	 	 	 			 			 	 	 	
Tangible efficiency ratio	  	51.64	%	 	57.53	%	 	 	 	 	54.91	%	 	58.00	%	 	 	 	

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

SunTrust Banks, Inc.
2Q 2007 Earnings Presentation
July 19, 2007
Exhibit 99.2	

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

2
Management’s Initiatives to Drive Shareholder Value, Announced in Mid-May, Are Already
Producing Results and Contributing to Earnings
•
E
2
Efficiency and Productivity Program
–
Primarily driven by supplier management, offshoring/outsourcing, and process reengineering, on track
to achieve accelerated expense savings target of $181M in 2007
–
Management will provide update on substantive progress in the Organizational Review initiatives by
late August
•
Balance Sheet and Capital Management Strategies
–
In early May, SunTrust sold 4.5M shares or 9% of its Coke holdings producing an after-tax gain of
$145.6M, or $0.41 per share, for 2Q 2007; management is currently evaluating alternatives for the
remaining
43.7M
shares
and
will
communicate
its
ultimate
plan
by
year-end
–
Balance sheet optimization strategies initiated earlier this year have resulted in a stronger, more
profitable earning asset mix, thereby improving the margin
•
In 2Q 2007, SunTrust NIM was 3.10%, up 10bps from 2Q 2006 and 8bps from 1Q 2007
–
These
initiatives
have
also
resulted
in
additional
capital
flexibility
–
enabling
SunTrust
to
repurchase
over $850M in shares through accelerated and open-market repurchase programs
•
SunTrust
has
already
exceeded
the
low
end
of
the
$750M
–
$1B
target
range
announced
in
mid-May
•
Management Continues to Focus on Efficiency and Productivity, Balance Sheet
Management and Business Mix Opportunities to Build Future Momentum
Update on Initiatives to Drive Shareholder Value	

3
1 Does
not
include
initial
costs
associated
with
implementation,
including
severance.
($ in millions)
E
2
Efficiency and Productivity Program:                          
E
2
Estimated Gross Cost Savings ¹
Savings For Fiscal Year 2009 Represent Over 10% of Expense Base
Cumulative
Total
2007
2008
2009
Corporate Real Estate
Supplier Management
Offshoring/Outsourcing
Process Reengineering
Organizational Review
100
115
45
125
145
$
$181
$350
$530
TOTAL      
$ 530	

4
$80.6
$0.0
$45.0
$90.0
$135.0
$180.0
Total realized expense reductions achieved year-to-date through the end of 2Q ¹
1 Does
not
include
initial
costs
associated
with
implementation,
including
severance.
($ in millions)
Gross Cost
Savings For 2Q  
= $51.8M
E
2
Efficiency and Productivity Program:                          
Making Progress on Estimated Cost Savings
E
2
2007 Estimated Gross Cost Savings ¹	

5
•
Moved from 4 Groups/20 Regions to 3 Groups/17 Regions
•
Introduced
a
more
efficient
approach
to
layers
of
management
and
spans
of
control
within
the
Geographies
•
Consolidating several back office operations that have historically been performed at the Region or
Group level to gain consistency and economies of scale
•
Announcing
full
effects
of
Organizational
Review
process
in
late
August
Implemented New Credit Support Structure -
Improving Efficiency and Transforming the
Commercial Lending Process, Making it Easier To Do Business With
Us
Made Significant Progress Towards Achieving $100M Gross CRE Cost
Saves
•
Four recent large property transactions in Atlanta GA, Laurel MD, Memphis TN, and Orlando FL
represent an annual savings of approximately $13M, or 50%
•
Employing a sale and leaseback strategy involving approximately 475 facilities throughout the
Southeast and Mid-Atlantic -
49 office buildings and 425 retail branches:
–
A
full
marketing
program
is
underway
for
the
branches
and
office
buildings
–
There are currently nearly 500 interested parties; balanced interest among institutional, private,
and individual investors
–
Final bids due by late September, anticipate closings to occur by year-end
Corporate
Real
Estate
Process
Reengineering
Organizational
Review
Enhanced Efficiency of Geographic Structure
•
Credit Resource Centers have been formed:
–
Successful Central Florida Region pilot underway, recently commenced additional pilots in
the Georgia, Central Virginia, and Western Virginia Regions
–
Expect full roll-out by year-end
•
Streamlining the credit process will improve client experience, eliminate administrative tasks
from Relationship Managers, and reduce headcount and expenses through the achievement of
economies of scale
E
2
Efficiency and Productivity Program:                          
Recent Highlights and Accomplishments	

6
($ in millions)
Noninterest Expense
E
2
Initial Implementation Costs
E
2
Program Real Estate Gains
Elimination of FAS 91 Deferral Related
to FV Adoption
Reversal of LILO QTE Reserve
Noninterest
Expense
Excluding
E
2
Initial Implementation Costs and LILO
and FAS 91 Impact
June 30, 2007
% Change
$2,487.2
(26.2)
17.4
(12.4)
-
$2,466.0
$2,440.6
(6.9)
-
-
10.9
$2,444.6
1.9%
0.9%
Results Already Apparent As Core Expense Growth Was <1% YTD 2007
Over YTD 2006
E
2
Efficiency and Productivity Program:                          
Core Expense Growth
•
Total
E
2
Program
Initial
Implementation
Costs
for
the
first
half
of
2007
=
$26.2M
•
YTD
2007
E
2
Program
Initial
Implementation
Costs
Were
Primarily
In:
–
Corporate Real Estate
–
Offshoring/Outsourcing
–
Organizational Review
June 30, 2006
Six Months Ended	

7
2Q 2007 Financial Performance
Income Statement
($ in millions, except per share data)
Net Interest Income (FTE)
Provision for Loan Losses
Noninterest Income
Noninterest Income Excluding Coke Gain
Total Revenue (FTE)
Total Revenue (FTE) Excluding Coke Gain
Total Noninterest Expense
Provision for Income Taxes ¹
Net Income Available to Common
Shareholders
Net Income Available to Common
Shareholders Excluding Coke Gain
Diluted Net Income Per Average Common
Share
Diluted Net Income Per Average Common
Share Excluding Coke Gain ²
$1,220.0
104.7
1,154.6
919.8
2,374.6
2,139.8
1,251.2
312.6
673.9
528.3
1.89
1.48
2Q 2007
1%
89%
18%
4%
8%
2%
2%
15%
10%
(3)%
13%
(1)%
June 30, 2007
2Q 2006
% Change
Annualized
1Q 2007
3%
102%
32%
5%
15%
4%
3%
33%
24%
(3)%
27%
(1)%
11%
342%
126%
19%
60%
14%
5%
144%
124%
11%
125%
11%
1
Effective
tax
rate
in
2Q
2007
was
31.45%
versus
30.59%
in
1Q
2007
and
30.10%
in
2Q
2006
due
to
taxes
paid
on
Coke
gain.
$2,408.2
161.1
2,033.5
1,798.7
4,441.8
4,206.9
2,487.2
542.3
1,187.8
1,042.3
3.33
2.92
June 30, 2006
% Change
2 Accelerated
share
repurchases
of
8
million
shares
entered
into
in
late
May
is
partially
reflected
in
2Q
2007.
Six Months Ended	

8
2Q 2007 Financial Performance
Balance Sheet
Real Estate 1-4 Family
Real Estate Construction
Real Estate Home Equity Lines
Real Estate Commercial
Commercial
Consumer –
Direct
Consumer –
Indirect
Total Loans
Total Securities Available for Sale
Total Earning Assets
Noninterest-Bearing Deposits
NOW Accounts
Money Market Accounts
Savings
Consumer Time
Other Time
Total Consumer and Commercial Deposits
(Average balances, $ in millions)
2Q 2007
% Change
2Q 2006
$    30,754.4
13,710.1
13,849.7
12,731.8
33,607.7
4,347.5
8,063.6
118,164.6
12,055.5
$  157,594.2
$    22,395.8
20,065.8
21,773.3
4,786.7
16,942.3
11,962.4
$    97,926.3
$    34,348.0
12,180.6
13,517.5
12,840.8
33,993.0
4,251.1
8,385.8
120,144.5
25,554.8
$  158,888.8
$    23,858.0
16,811.2
25,091.3
5,161.0
15,471.7
10,779.1
$    97,172.3
(10)%
13%
2%
(1)%
(1)%
2%
(4)%
(2)%
(53)%
(1)%
(6)%
19%
(13)%
(7)%
10%
11%
1%	

9
2Q 2007 Financial Performance
Financial Ratios and Other Data
Return on Average Total Assets
Return on Average Total Assets Excluding Coke Gain
Return on Average Common Shareholders’
Equity
Return on Average Common Shareholders’
Equity
Excluding Coke Gain 
Net Interest Margin
Efficiency Ratio
Efficiency Ratio Excluding Coke Gain
Tier 1 Capital Ratio
Annualized Total Net Charge-Offs to Total Average
Loans
1.16%
1.16%
12.10%
12.10%
3.02%
59.79%
59.79%
7.60%
0.21%
2Q 2007
1Q 2007
1.52%
1.19%
15.51%
12.16%
3.10%
52.69%
58.47%
7.5%
0.30%
Diluted Average Common Shares
Outstanding (000s)
357,214
356,008
1
1 Estimated as of the earnings release date.
2 Accelerated
share
repurchases
of
8
million
shares
entered
into
in
late
May
is
partially
reflected
in
2Q
2007.
2	

10
Review of 2Q 2007 Credit Quality and Outlook
•
SunTrust’s credit quality continues to be solid; however, credit trends are normalizing in addition to
the negative impact from deterioration in certain segments of the consumer real estate market
•
The primary contributors were a higher number of relatively small commercial loan, higher LTV home
equity line, and Alt-A mortgage product charge-offs
•
The
decrease
in
average
total
loans
resulting
from
$6B
in
loan
sales
contributed
1–
2bps
of
the
increase in the annualized net charge-off ratio
•
Company
increased
reserve
level
by
$16M
in
2Q
2007;
provision
of
$104.7M
exceeded
$88.3M
in net
charge-offs
•
Management expects net charge-offs for the year to be in the 25-30bp range
Commercial
–
Nature of commercial charge-offs is volatile
–
Experienced higher number of smaller commercial and
corporate charge-offs than expected
Home Equity Lines
–
Attributable to increased loss experience on higher LTV
product (>90% LTV) and general portfolio seasoning
Residential Mortgage
–
Higher losses in Alt-A segment and general portfolio
seasoning
19
42
Commercial
43
64
Home Equity Lines
15
23
Residential Mortgage
21
30
Total Loan Portfolio
1Q 2007
2Q 2007
Category
Annualized NCOs /
Avg. Loans (in bps)
15
11
5
10
2Q 2006	

11
Additional Reconciliations	

12
2nd Quarter
1st Quarter
2007
2007
Return on average total assets
1.52
            
%
1.16
           
%
Impact of excluding gain on sale of shares of The Coca-Cola Company
(0.33)
           
-
             
Return on average total assets excluding Coke gain
1.19
            
%
1.16
           
%
Return on average common shareholders' equity
15.51
          
%
12.10
         
%
Impact of excluding gain on sale of shares of The Coca-Cola Company
(3.35)
           
-
             
Return on average common shareholders' equity excluding Coke gain
12.16
          
%
12.10
         
%