SUNTRUST BANKS INC - FORM 8-K - EX-99.1 - NEW RELEASE

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8-K - FORM 8-K - SUNTRUST BANKS INC	d8k.htm
EX-99.2 - PRESENTATION - SUNTRUST BANKS INC	dex992.htm

Exhibit 99.1

News Release


Contact:
Investors		Media
Steve Shriner		Mike McCoy
(404) 827-6714		(404) 588-7230

For Immediate Release

October 21, 2010

SunTrust Reports Third Quarter Results

Higher Revenues and Lower Credit Costs Drive Earnings Per Share of $0.17 and Net Income of $84 Million

ATLANTA— SunTrust Banks, Inc. (NYSE: STI) announced today that stronger revenue performance and a continued decline in credit-related costs resulted in net income available to common shareholders of $84 million, or $0.17 per average common diluted share, in the third quarter of 2010. The Company reported a net loss of $377 million, or $0.76 per average common share, in the third quarter of 2009 and a net loss of $56 million, or $0.11 per average common share, in the second quarter of 2010.

“The revenue generation of our core business and continued strength of the balance sheet affirms our confidence that our client-centric strategies are gaining traction and driving better results,” said James M. Wells III, chairman and chief executive officer of SunTrust Banks, Inc. “While decreasing credit costs are certainly welcomed, we are even more encouraged by the improvement in our operating results that are being driven by several of our lines of business.” Mr. Wells also noted an improvement in net interest income, a result of increased earning assets and continued favorable deposit trends.

Third Quarter 2010 Consolidated Highlights

•

Net income available to common shareholders of $0.17 per share compared to net losses of $0.11 per share in the prior quarter and $0.76 per share in the third quarter of 2009.

•

Net income for the quarter before preferred dividends was $153 million, up from $12 million in the second quarter.

•

Total revenues increased compared to the second quarter driven by mortgage and capital markets-related revenues and higher net interest income. The results were generated despite $81 million in mark-to-market valuation losses, net of hedges, related to the Company’s public debt and index-linked certificates of deposit carried at fair value.

•

Net interest margin increased 8 basis points to 3.41% and net interest income rose 8% on a sequential quarter basis due to a continued decline in funding costs, further improvement in deposit mix and earning asset growth.

•

Noninterest expenses were relatively flat on a sequential quarter basis with lower debt extinguishment costs offset primarily by higher revenue-related personnel costs and legal-related expenses.

•

Asset quality continued to improve in the third quarter. Nonperforming assets, nonaccrual loans and net charge-offs all declined compared to the prior quarter and the third quarter of 2009.

•

Provision expense declined due to lower net charge-offs and the impact of improved credit trends on the allowance for loan losses. The allowance for loan losses declined $70 million and total loans increased 2% resulting in an allowance to loan ratio of 2.69%.

•

Average loans grew slightly during the current quarter primarily in consumer loans and government guaranteed residential mortgage loans. Consumer loan growth included the purchase of a high-quality consumer auto loan portfolio.

•

Average deposits increased as growth in lower-cost deposits was partially offset by a decline in higher-cost time deposits.

•

Capital ratios remained strong with an estimated Tier 1 common equity ratio of 8.00% and Tier 1 capital ratio of 13.60%.


	3^rd Quarter 2010			2^nd Quarter 2010			3^rd Quarter 2009
Income Statement
(Dollars in millions, except per share data)
Net income /(loss)	$	153		$	12		$	(317	)
Net income/(loss) available to common shareholders		84			(56	)		(377	)
Net income/(loss) per average common diluted share		0.17			(0.11	)		(0.76	)
Total revenue – fully taxable-equivalent		2,313			2,160			1,943
Revenue – fully taxable-equivalent, excluding securities gains/losses, net		2,244			2,103			1,897
Net interest income – fully taxable-equivalent		1,266			1,208			1,168
Provision for credit losses		615			662			1,134
Noninterest income		1,047			952			775
Noninterest expense		1,499			1,503			1,429
Net interest margin – fully taxable equivalent		3.41	%		3.33	%		3.10	%

Balance Sheet
(Dollars in billions)
Average loans	$	113.3		$	113.0		$	119.8
Average consumer and commercial deposits		117.2			116.5			114.5

Capital
Tier 1 capital ratio ⁽¹⁾		13.60	%		13.51	%		12.58	%
Tier 1 common equity ratio ⁽¹⁾		8.00	%		7.92	%		7.49	%
Total average shareholders’ equity to total average assets		13.42	%		13.03	%		13.03	%

Asset Quality
Net charge-offs to average loans (annualized)		2.42	%		2.57	%		3.33	%
Allowance for loan losses to period-end loans		2.69	%		2.81	%		2.61	%
Nonperforming loans to total loans		3.80	%		4.16	%		4.67	%

⁽¹⁾Current period Tier 1 capital and Tier 1 common equity ratios are estimated as of the earnings release date.

CONSOLIDATED FINANCIAL PERFORMANCE

(Presented on a fully taxable-equivalent basis unless otherwise noted)

Revenue

For the third quarter of 2010, total revenue rose 7% on a sequential quarter basis and increased 19% over the third quarter of 2009. Revenue growth was driven by higher net interest income and growth in fee-based income, particularly mortgage and capital markets-related revenues. Mark-to-market valuation losses, net of hedges, on the Company’s public debt and index-linked certificates of deposits carried at fair value were $81 million in the third quarter compared to gains of $86 million in the second quarter of 2010 and losses of $145 million in the third quarter of 2009. The current quarter included net gains of $69 million from the sale of securities, compared to gains of $57 million and $47 million in the prior quarter and third quarter of 2009, respectively.

For the nine months, total revenue was $6.4 billion, essentially flat compared to the same period in 2009. Higher net interest income, gains on the Company’s debt carried at fair value compared to losses in 2009, and gains on the sale of securities in 2010 were offset by lower mortgage production income and service charges in 2010. Additionally, the Company recognized a $112 million gain from the sale of Visa shares in the second quarter of 2009.

Net Interest Income

Net interest income was $1.3 billion in the third quarter of 2010, an increase of 8% from the third quarter of 2009 and 5% on a sequential quarter basis. Higher average securities available for sale and total loans contributed to a 1% increase in average earning assets on a sequential quarter basis. Compared to a year ago, average earning assets declined $2.3 billion, or 2%, primarily attributable to declines in loans and loans held for sale, partially offset by an increase in average securities available for sale.

Net interest margin for the third quarter was 3.41%, up 31 basis points from the same quarter last year and eight basis points compared to the prior quarter, primarily driven by lower funding costs. Growth in lower-cost deposits, coupled with significant reductions in higher-cost time deposits and long-term debt contributed to a 49 basis point year-over-year decline in the cost of average interest-bearing liabilities.

For the nine months, net interest income was $3.7 billion, an increase of 9% from the prior year, while net interest margin increased 38 basis points to 3.35%. The same factors in the quarterly year-over-year comparisons contributed to the nine month increase in net interest income and margin.

Noninterest Income

Total noninterest income was $1.0 billion for the third quarter of 2010, a $95 million, or 10%, sequential quarter increase primarily driven by higher mortgage and capital markets-related income, partially offset by lower service charges. Due to improvement in the Company’s credit spreads during the quarter, the Company recorded market valuation losses, net of hedges, on its public debt and index-linked certificates of deposit carried at fair value of $81 million compared to a gain of $86 million in the prior quarter. Compared to the third quarter of 2009, noninterest income increased $272 million, or 35%, due to higher mortgage and capital markets-related income, partially offset by lower service charges. In addition, the third quarter of 2009 included $145 million in mark-to-market net losses on the Company’s public debt and index-linked certificates of deposit carried at fair value. In the current quarter, gains from the sale of securities associated with repositioning the investment portfolio were $69 million compared to $57 million in the prior quarter and $47 million in the third quarter of 2009.

Mortgage production income increased significantly due to lower interest rates, increasing $150 million over the prior quarter and $105 million over the third quarter of 2009, as application volumes increased over 25% and margins expanded compared to the second quarter of 2010. Estimated mortgage repurchase losses recognized during the current quarter were $95 million, compared to $148 million in the prior quarter and $136 million in the third quarter of 2009. As of September 30, 2010, mortgage repurchase reserves totaled $270 million, up $14 million during the quarter.

Mortgage servicing income for the quarter was $132 million, which was $44 million higher than the prior quarter due to improved hedge performance. Net hedge performance in the current quarter was $74 million compared to $35 million in the prior quarter. Mortgage servicing income for the third quarter of 2009 was $60 million. As of September 30, 2010, the Company serviced $176.6 billion in mortgage loans, down slightly compared to the prior year.

Trading account profits and commissions decreased $130 million on a sequential quarter basis in the third quarter of 2010 primarily due to the mark-to-market valuation losses, net of hedges, on the Company’s public debt and index-linked certificates of deposits carried at fair value. The Company has historically recorded certain index-linked certificates of deposits at fair value. The outstanding balance of these deposits since September 30, 2009 has remained stable at approximately $1.2 billion. The mark-to-market valuation gains and losses related to these instruments in prior periods has been relatively insignificant; however, during the current quarter, improvement in the Company’s credit spreads combined with the significant decline in interest rates resulted in a $59 million mark-to-market loss. Excluding these debt-related mark-to-market losses, trading income increased due to higher fixed income and derivatives trading income. Compared to the third quarter of 2009, trading account profits and commissions increased $65 million, primarily due to the $64 million reduction in mark-to-market valuation losses on the Company’s public debt and index-linked certificates of deposit carried at fair value. Increased mergers and acquisition advisory fees and bond underwriting activities drove a 66% increase in investment banking income on a sequential quarter basis and a 28% increase over the third quarter of 2009.

Noninterest income in the current quarter from consumer and commercial fee-based services was generally higher compared to the prior quarter and third quarter of 2009 with the exception of service charges on deposits. During the current quarter, service charges on deposits were impacted by the recently enacted regulations requiring clients to elect whether to opt in to certain account transaction services. Service charges declined $24 million, or 11%, on a sequential quarter basis, and $35 million, or 16%, compared to the third quarter of 2009.

For the nine months, total noninterest income was $2.7 billion, down 9% compared to the same period of 2009. The decline was largely due to lower mortgage production income from increased mortgage repurchase losses and lower loan production in 2010, lower service charges in 2010, and the gain on the sale of Visa shares of $112 million recorded in 2009, partially offset by higher gains on the sale of securities and reduced mark-to-market value losses on the Company’s debt instruments carried at fair value in 2010.

Noninterest Expense

Total noninterest expense in the current quarter was $1.5 billion, up $70 million, or 5%, from the third quarter of 2009. Increases in employee compensation-related expenses, FDIC insurance premiums, outside processing and software expense, and debt extinguishment costs drove the year-over-year increase in noninterest expense, which was partially offset by lower credit-related costs. Personnel-related expenses increased primarily due to higher salary and contract labor expense. Full-time equivalent employees increased by 584 compared to September 30, 2009, with the majority of the increase occurring in retail branches and client support areas. Higher incentive compensation related to improved business performance, including higher mortgage loan production, also contributed to the increase in personnel-related

expenses. Credit-related expenses were $180 million in the current quarter, down $34 million, or 16%, primarily due to the $29 million of expense related to the reserve for unfunded commitments recorded in the third quarter of 2009; beginning in the fourth quarter of 2009, this expense was included in provision for credit losses. FDIC insurance premiums increased due to higher deposit balances and assessment rates that became effective in the fourth quarter of 2009. Outside processing and software expense increased $10 million, or 7%, due to higher transaction volume and increased investment in software. Debt extinguishment costs of $12 million were related to the repayment of $1.0 billion of long-term debt during the third quarter of 2010.

On a sequential quarter basis, debt extinguishment costs declined $51 million. Personnel expenses increased $26 million, or 4%. Full-time equivalent employees increased 349 with the majority attributable to increased mortgage production. Incentive compensation also increased related to higher revenue. The increase in other noninterest expense was primarily due to legal-related expenses. Credit-related expenses remained stable as increases in operating losses were offset by reductions in other real estate expenses.

For the nine months, total noninterest expense was $4.4 billion, a decrease of $747 million, or 15%, compared to the same period in 2009. The decline was primarily due to the $751 million non-cash goodwill impairment charge recorded in the first quarter of 2009. FDIC insurance premiums declined $45 million, primarily due to the special assessment paid in the second quarter of 2009. Credit-related expenses remained elevated but declined $43 million compared to a year ago, as mortgage reinsurance costs declined $80 million, partially offset by a $28 million increase in other real estate expenses. Marketing and customer development costs increased 18% on increased promotional and advertising spending, while outside processing expense increased 8% for the same reasons cited in the year-over-year quarterly comparison. Debt extinguishment costs increased $51 million.

Income Taxes

For the third quarter of 2010, the Company recognized a provision for income taxes of $14 million, compared to a benefit of $336 million for the third quarter of 2009. The effective tax rate for the current quarter was 8.25%.

U.S. Treasury Preferred Dividends

For the third quarter and year-to-date periods of 2010 and 2009, the Company recorded $67 million and $200 million, respectively, in preferred dividends related to the $4.85 billion in preferred securities issued to the U.S. Treasury under the Capital Purchase Program. The 5.5% effective yield reflects the 5.0% dividend rate and the amortization of the discount recorded on the preferred stock at issuance.

Balance Sheet

As of September 30, 2010, SunTrust had total assets of $174.7 billion and shareholders’ equity of $23.4 billion, representing 13.42% of total assets. Book value per common share was $37.01 as of September 30, 2010.

Loans

Average loans for the third quarter of 2010 were $113.3 billion, down $6.5 billion, or 5%, compared to the third quarter of 2009. The decline was concentrated in the construction, residential real estate, commercial and commercial real estate loan categories. The Company continues to reduce its exposure to residential real estate, most notably real estate construction loans, which, on average, declined 39% from the third quarter of 2009. On a sequential quarter basis, average loans increased slightly as declines in commercial real estate and home equity lines were offset by growth in consumer loans and government

guaranteed residential mortgage loans. Consumer loan growth included the purchase of a high-quality $741 million consumer auto loan portfolio. The Company also consolidated a $467 million student loan portfolio at the end of the third quarter of 2010. As of September 30, 2010, total loans outstanding were $115.1 billion compared to $112.9 billion as of June 30, 2010, up 2%. During the current quarter, loan originations totaled $19.7 billion, including renewals and loan commitments, which is 12% greater than the prior quarter.

Deposits

Average consumer and commercial deposits for the third quarter of 2010 totaled $117.2 billion, up 2% from the third quarter of 2009. As clients continued to migrate to more liquid products, average demand deposits and money market accounts increased $2.0 billion, or 8%, and $7.3 billion, or 23%, respectively, while consumer time deposits and other time deposits declined $6.5 billion, or 22%. Average total brokered and foreign deposits declined $2.5 billion, or 47%, from the third quarter of 2009, as the Company’s deposit growth initiatives replaced these wholesale funding sources with client deposits. On a sequential quarter basis, average consumer and commercial deposits increased 1%, with the majority of the increase in lower-cost deposits.

Capital and Liquidity

The Company’s capital ratios remained strong at September 30, 2010, with estimated Tier 1 common equity, Tier 1 capital, and tangible equity to tangible asset ratios of 8.00%, 13.60%, and 10.19%, respectively. The increase in the Tier 1 common equity and Tier 1 capital ratios was due to earnings in the quarter as risk weighted assets increased marginally due to growth in high-quality loans and investment securities. The Company’s regulatory capital position remains strong relative to current regulatory requirements and the guidelines recently published by the Basel Committee and endorsed by U.S. regulatory agencies. The Company also has substantial available liquidity, as the inflows of client deposits have largely been retained in cash or invested in high-quality government-backed securities.

Asset Quality

Asset quality trends continued to improve during the quarter with net charge-offs, nonperforming loans, and nonperforming assets all declining compared to the prior quarter. Early stage delinquencies remained relatively stable, declining 2 basis points to 1.24%. The allowance for loan losses declined $70 million to $3.1 billion as of September 30, 2010. The allowance for loan losses was 2.69% of total loans, down 12 basis points from June 30, 2010 due to the decline in the allowance for loan losses combined with higher period-end loan balances. As of September 30, 2010, approximately 7% of the Company’s loan portfolio was substantially guaranteed by the federal government and its agencies. The allowance to nonperforming loans was 71.07% as of September 30, 2010, up 343 basis points from June 30, 2010. The reserve for unfunded commitments was $55 million at quarter end, down $5 million from June 30, 2010, due to improved credit quality related to certain commercial and large corporate clients.

The provision for credit losses was $615 million, a decline of $47 million on a sequential quarter basis and a decline of $519 million from the third quarter of 2009. Net charge-offs in the current quarter were $690 million, down $316 million from the same quarter last year and down $32 million on a sequential quarter basis. Compared to the third quarter of 2009, net charge-offs in all loan categories declined with the exception of a small increase in commercial real estate-related loans. On a sequential quarter basis, net charge-offs related to construction and commercial loans declined but were partially offset by increases in the commercial real estate and residential mortgage portfolios. Net charge-offs to average annualized loans declined to 2.42% in the current quarter, down 91 basis points from the same period in 2009 and down 15 basis points on a sequential quarter basis. Year-to-date, net charge-offs were $2.2 billion, down $184 million, or 8%, from the same period in 2009, while the provision for credit losses was down $952 million, or 31%.

Nonaccrual loans declined, continuing a trend that began in the third quarter of 2009, and totaled $4.4 billion, or 3.80% of total loans, as of September 30, 2010. This compares to $5.4 billion, or 4.67%, of total loans as of September 30, 2009. The decrease was driven primarily by residential mortgages and construction loans; however, all nonaccrual loan categories have declined except for commercial real estate, which increased $182 million compared to a year ago. Nonaccrual loans declined $326 million, or 7%, on a sequential quarter basis with all loan categories stable or down. The overall decline in nonaccrual loans was due to repayments, net charge-offs, transfers to other real estate owned, and reduced inflows into nonaccrual. Despite the migrations of nonperforming loans into other real estate owned, OREO declined $55 million during the quarter to $645 million as of September 30, 2010.

Efforts to assist clients that are experiencing financial difficulties have continued during the third quarter resulting in loan modifications. Accruing restructured loans totaled $2.5 billion as of September 30, 2010, an increase of $247 million over the prior quarter end. The increase primarily related to residential mortgages, with commercial real estate related restructured loans increasing $17 million. Nonaccruing restructured loans remained relatively stable at $988 million.

LINE OF BUSINESS FINANCIAL PERFORMANCE

Line of Business Results

The Company has included line of business financial tables as part of this release on its website at www.suntrust.com in the Investor Relations section located under “About SunTrust.” During the second quarter of 2010 the Company adjusted its lines of business used to measure business activities to align with certain organizational changes implemented during the quarter. The Company’s business segments are: Retail Banking, Diversified Commercial Banking, Corporate and Investment Banking, Mortgage, Wealth and Investment Management, and Commercial Real Estate. All revenue in the line of business tables is reported on a fully taxable-equivalent basis. For the lines of business, results include net interest income, which is computed using matched-maturity funds transfer pricing. Further, provision for loan losses is represented by net charge-offs. SunTrust also reports results for Corporate Other and Treasury, which includes the Treasury department as well as the residual 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 for loan losses compared to net charge-offs, as well as equity and its related impact. A detailed discussion of the line of business results will be included in the Company’s forthcoming quarterly report on Form 10-Q.

Corresponding Financial Tables and Information

Investors are encouraged to review the foregoing summary and discussion of SunTrust’s earnings and financial condition in conjunction with the detailed financial tables and information which SunTrust has also published today and SunTrust’s forthcoming quarterly report on Form 10-Q. Detailed financial tables and other information are also available on the Company’s website at www.suntrust.com in the Investor Relations section located under “About SunTrust.” This information is also included in a current report on Form 8-K furnished with the Securities and Exchange Commission today.

Conference Call

SunTrust management will host a conference call on October 21, 2010, at 8:00 a.m. (Eastern Time) to discuss the earnings results and business trends. Individuals may call in beginning at 7:45 a.m. (Eastern Time) by dialing 1-888-972-7805 (Passcode: 3Q10). Individuals calling from outside the United States should dial 1-517-308-9091 (Passcode: 3Q10). A replay of the call will be available approximately one hour after the call ends on October 21, 2010, and will remain available until November 4, 2010, by dialing 1-800-879-7389 (domestic) or 1-402-220-5339 (international).

Alternatively, individuals may listen to the live webcast of the presentation by visiting the SunTrust investor relations website at www.suntrust.com/investorrelations. Beginning the afternoon of October 21, 2010, listeners may access an archived version of the webcast in the “Webcasts and Presentations” subsection found on the investor relations webpage. This webcast will be archived and available for one year. A link to the Investor Relations page is also found in the footer of the SunTrust home page.

SunTrust Banks, Inc., headquartered in Atlanta, is one of the nation’s largest banking organizations, serving a broad range of consumer, commercial, corporate and institutional clients. The Company operates an extensive branch and ATM network throughout the Southeast and Mid-Atlantic states and a full array of technology-based, 24-hour delivery channels. The Company also serves clients in selected markets nationally. Its primary businesses include deposit, credit, and trust and investment management services. Through various subsidiaries, the Company provides mortgage banking, insurance, brokerage, equipment leasing, and capital markets services. SunTrust’s Internet address is www.suntrust.com.

Important Cautionary Statement About Forward-Looking Statements

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

This news release may contain forward-looking statements. Statements regarding future levels of net interest margin, future levels of and rates of change in delinquencies, future levels of nonperforming loans and charge-offs, the future level of service charge income, the impact of legislative and regulatory changes, the level of future losses from repurchase requests, the size of future reserve additions, future levels of litigation related costs, and future levels of the allowance for loan losses are forward-looking statements. Also, any statement that does not describe historical or current facts is a forward-looking statement. These statements often include the words “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “targets,” “initiatives,” “potentially,” “probably,” “projects,” “outlook” or similar expressions or future conditional verbs such as “may,” “will,” “should,” “would,” and “could.” Forward-looking statements are based upon the current beliefs and expectations of management and on information currently available to management. Such statements speak as of the date hereof, and we do not assume any obligation to update the statements made herein or to update the reasons why actual results could differ from those contained in such statements in light of new information or future events.

Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward-looking statements. Factors that could cause actual results to differ materially from those described in the forward-looking statements can be found in Item 1A of Part I of our 10-K and in other periodic reports that we file with the SEC. Those factors include: difficult market conditions have adversely affected our industry; recent levels of market volatility are unprecedented; we are subject to capital adequacy guidelines and, if we fail to meet these guidelines, our financial condition would be adversely affected; recently enacted legislation, or legislation enacted in the future, or any proposed federal programs subject us to increased regulation and may adversely affect us; we have not yet received permission to repay TARP funds; emergency measures designed to stabilize the U.S. banking system are beginning to wind down; we are subject to credit risk; weakness in the economy and in the real estate market, including

specific weakness within our geographic footprint, has adversely affected us and may continue to adversely affect us; weakness in the real estate market, including the secondary residential mortgage loan markets, has adversely affected us and may continue to adversely affect us; as a financial services company, adverse changes in general business or economic conditions could have a material adverse effect on our financial condition and results of operations; changes in market interest rates or capital markets could adversely affect our revenue and expense, the value of assets and obligations, and the availability and cost of capital or liquidity; the fiscal and monetary policies of the federal government and its agencies could have a material adverse effect on our earnings; we may be required to repurchase mortgage loans or indemnify mortgage loan purchasers as a result of breaches of representations and warranties, borrower fraud, or certain borrower defaults, which could harm our liquidity, results of operations, and financial condition; we may continue to suffer increased losses in our loan portfolio despite enhancement of our underwriting policies; depressed market values for our stock may require us to write down goodwill; clients could pursue alternatives to bank deposits, causing us to lose a relatively inexpensive source of funding; consumers may decide not to use banks to complete their financial transactions, which could affect net income; we have businesses other than banking which subject us to a variety of risks; hurricanes and other natural disasters may adversely affect loan portfolios and operations and increase the cost of doing business; negative public opinion could damage our reputation and adversely impact business and revenues; we rely on other companies to provide key components of our business infrastructure; the soundness of other financial institutions could adversely affect us; 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; we are subject to certain litigation, and our expenses related to this litigation may adversely affect our results; regulation by federal and state agencies could adversely affect the business, revenue, and profit margins; competition in the financial services industry is intense and could result in losing business or reducing margins; future legislation could harm our competitive position; maintaining or increasing market share depends on market acceptance and regulatory approval of new products and services; we may not pay dividends on your common stock; our ability to receive dividends from our subsidiaries accounts for most of our revenue and could affect our liquidity and ability to pay dividends; significant legal actions could subject us to substantial uninsured liabilities; recently declining values of real estate, increases in unemployment, and the related effects on local economies may increase our credit losses, which would negatively affect our financial results; deteriorating credit quality, particularly in real estate loans, has adversely impacted us and may continue to adversely impact us; our allowance for loan losses may not be adequate to cover our eventual losses; we will realize future losses if the proceeds we receive upon liquidation of nonperforming assets are less than the carrying value of such assets; disruptions in our ability to access global capital markets may negatively affect our capital resources and liquidity; in 2009 and 2010, credit rating agencies downgraded the credit ratings of SunTrust Bank and SunTrust Banks, Inc., and these downgrades and any subsequent downgrades could adversely impact the price and liquidity of our securities and could have an impact on our businesses and results of operations; we have in the past and may in the future pursue acquisitions, which could affect costs and from which we may not be able to realize anticipated benefits; we depend on the expertise of key personnel, and if these individuals leave or change their roles without effective replacements, operations may suffer; we may not be able to hire or retain additional qualified personnel and recruiting and compensation costs may increase as a result of turnover, both of which may increase costs and reduce profitability and may adversely impact our ability to implement our business strategy; our accounting policies and processes are critical to how we report our financial condition and results of operations, and require management to make estimates about matters that are uncertain; changes in our accounting policies or in accounting standards could materially affect how we report our financial results and condition; our stock price can be volatile; our disclosure controls and procedures may not prevent or detect all errors or acts of fraud; our financial instruments carried at fair value expose us to certain market risks; our revenues derived from our investment securities may be volatile and subject to a variety of risks; and we may enter into transactions with off-balance sheet affiliates or our subsidiaries.

SunTrust Banks, Inc. and Subsidiaries

FINANCIAL HIGHLIGHTS

(Dollars in millions, except per share data) (Unaudited)


	Three Months Ended September 30						%			Nine Months Ended September 30						%
	Three Months Ended September 30						%			Nine Months Ended September 30						%
	2010			2009			Change⁴			2010			2009			Change⁴
EARNINGS & DIVIDENDS
Net income/(loss)		$153			($317	)		NM	%		$5			($1,316	)		100	%
Net income/(loss) available to common shareholders		84			(377	)		NM			(201	)		(1,417	)		86
Net income/(loss) available to common shareholders excluding goodwill/intangible impairment charges other than MSRs ¹		84			(377	)		NM			(201	)		(702	)		71
Total revenue - FTE ²		2,313			1,943			19			6,373			6,350			-
Total revenue - FTE excluding securities (gains)/losses, net ¹		2,244			1,896			18			6,245			6,325			(1	)
Net income/(loss) per average common share
Diluted		0.17			(0.76	)		NM			(0.41	)		(3.41	)		88
Diluted excluding goodwill/intangible impairment charges other than MSRs ¹		0.17			(0.76	)		NM			(0.41	)		(1.69	)		76
Basic		0.17			(0.76	)		NM			(0.41	)		(3.41	)		88
Dividends paid per common share		0.01			0.01			-			0.03			0.21			(86	)

CONDENSED BALANCE SHEETS
Selected Average Balances
Total assets		$171,999			$172,463			-	%		$171,569			$175,915			(2	) %
Earning assets		147,249			149,579			(2	)		146,538			152,365			(4	)
Loans		113,322			119,796			(5	)		113,587			123,064			(8	)
Consumer and commercial deposits		117,233			114,486			2			116,267			111,869			4
Brokered and foreign deposits		2,740			5,193			(47	)		2,945			6,398			(54	)
Total shareholders’ equity		23,091			22,468			3			22,583			22,254			1

As of
Total assets		174,703			172,718			1
Earning assets		149,994			145,554			3
Loans		115,055			116,488			(1	)
Allowance for loan and lease losses		3,086			3,024			2
Consumer and commercial deposits		117,494			113,601			3
Brokered and foreign deposits		2,850			5,730			(50	)
Total shareholders’ equity		23,438			22,908			2

FINANCIAL RATIOS & OTHER DATA
Return on average total assets		0.35	%		(0.73	) %		NM	%		-	%		(1.00	) %		100	%
Return on average assets less net unrealized securities gains ¹		0.23			(0.83	)		NM			(0.09	)		(1.05	)		91
Return on average common shareholders’ equity		1.83			(8.52	)		NM			(1.53	)		(11.06	)		86
Return on average realized common shareholders’ equity ¹		0.70			(9.70	)		NM			(2.57	)		(11.91	)		78
Net interest margin ²		3.41			3.10			10			3.35			2.97			13
Efficiency ratio ²		64.80			73.53			(12	)		68.45			80.45			(15	)
Tangible efficiency ratio ¹		64.24			72.82			(12	)		67.83			67.94			-
Effective tax rate/(benefit)		8.25			(51.46	)		NM			(102.05	)		(32.58	)		NM
Tier 1 common equity		8.00	³		7.49			7
Tier 1 capital		13.60	³		12.58			8
Total capital		16.55	³		15.92			4
Tier 1 leverage		11.05	³		11.08			(0	)
Total average shareholders’ equity to total average assets		13.42			13.03			3			13.16			12.65			4
Tangible equity to tangible assets ¹		10.19			9.96			2

Book value per common share		$37.01			$36.06			3
Tangible book value per common share ¹		24.42			23.35			5
Market price:
High		27.05			24.43			11			31.92			30.18			6
Low		21.79			14.50			50			20.16			6.00			NM
Close		25.83			22.55			15			25.83			22.55			15
Market capitalization		12,914			11,256			15

Average common shares outstanding (000s)
Diluted ⁵		498,802			494,169			1			495,243			415,444			19
Basic		495,501			494,169			-			495,243			415,444			19

Full-time equivalent employees		28,599			28,015			2
Number of ATMs		2,928			2,807			4
Full service banking offices		1,670			1,690			(1	)

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

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

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

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

⁵	For earnings per share calculation purposes, the impact of dilutive securities are excluded from the diluted share count during periods that the Company has recognized a net loss available to common shareholders because the impact would be antidilutive.

Page 1

SunTrust Banks, Inc. and Subsidiaries

FIVE QUARTER FINANCIAL HIGHLIGHTS

(Dollars in millions, except per share data) (Unaudited)


	Three Months Ended
	September 30 2010			June 30 2010			March 31 2010			December 31 2009			September 30 2009
EARNINGS & DIVIDENDS
Net income/(loss)		$153			$12			($161	)		($248	)		($317	)
Net income/(loss) available to common shareholders		84			(56	)		(229	)		(316	)		(377	)
Net income/(loss) available to common shareholders excluding goodwill/intangible impairment charges other than MSRs ¹		84			(56	)		(229	)		(316	)		(377	)
Total revenue - FTE ²		2,313			2,160			1,900			1,949			1,943
Total revenue - FTE excluding securities (gains)/losses, net ¹		2,244			2,103			1,898			1,876			1,896
Net income/(loss) per average common share
Diluted		0.17			(0.11	)		(0.46	)		(0.64	)		(0.76	)
Diluted excluding goodwill/intangible impairment charges other than MSRs ¹		0.17			(0.11	)		(0.46	)		(0.64	)		(0.76	)
Basic		0.17			(0.11	)		(0.46	)		(0.64	)		(0.76	)
Dividends paid per common share		0.01			0.01			0.01			0.01			0.01

CONDENSED BALANCE SHEETS
Selected Average Balances
Total assets		$171,999			$171,273			$171,429			$174,041			$172,463
Earning assets		147,249			145,464			146,896			146,587			149,579
Loans		113,322			113,016			114,435			115,036			119,796
Consumer and commercial deposits		117,233			116,460			115,084			117,008			114,486
Brokered and foreign deposits		2,740			2,670			3,433			5,145			5,193
Total shareholders’ equity		23,091			22,313			22,338			22,381			22,468

As of
Total assets		174,703			170,668			171,796			174,165			172,718
Earning assets		149,994			145,601			147,056			147,896			145,554
Loans		115,055			112,925			113,979			113,675			116,488
Allowance for loan and lease losses		3,086			3,156			3,176			3,120			3,024
Consumer and commercial deposits		117,494			116,261			116,144			116,303			113,601
Brokered and foreign deposits		2,850			2,407			2,606			5,560			5,730
Total shareholders’ equity		23,438			23,024			22,620			22,531			22,908

FINANCIAL RATIOS & OTHER DATA
Return on average total assets		0.35	%		0.03	%		(0.38	) %		(0.57	) %		(0.73	) %
Return on average assets less net unrealized securities gains ¹		0.23			(0.08	)		(0.42	)		(0.70	)		(0.83	)
Return on average common shareholders’ equity		1.83			(1.29	)		(5.34	)		(7.19	)		(8. 52	)
Return on average realized common shareholders’ equity ¹		0.70			(2.53	)		(5.93	)		(8.81	)		(9.70	)
Net interest margin ²		3.41			3.33			3.32			3.27			3.10
Efficiency ratio ²		64.80			69.57			71.60			74.58			73.53
Tangible efficiency ratio ¹		64.24			68.96			70.91			73.96			72.82
Effective tax rate/(benefit)		8.25			(133.13	)		(54.70	)		(51.46	)		(51.46	)
Tier 1 common equity		8.00	³		7.92			7.70			7.67			7.49
Tier 1 capital		13.60	³		13.51			13.13			12.96			12.58
Total capital		16.55	³		16.96			16.68			16.43			15.92
Tier 1 leverage		11.05	³		10.94			10.95			10.90			11.08
Total average shareholders’ equity to total average assets		13.42			13.03			13.03			12.86			13.03
Tangible equity to tangible assets ¹		10.19			10.18			9.86			9.66			9.96

Book value per common share		$37.01			$36.19			$35.40			$35.29			$36.06
Tangible book value per common share ¹		24.42			23.58			22.76			22.59			23.35
Market price:
High		27.05			31.92			28.39			24.09			24.43
Low		21.79			23.12			20.16			18.45			14.50
Close		25.83			23.30			26.79			20.29			22.55
Market capitalization		12,914			11,648			13,391			10,128			11,256

Average common shares outstanding (000s)
Diluted ⁴		498,802			495,351			494,871			494,332			494,169
Basic		495,501			495,351			494,871			494,332			494,169

Full-time equivalent employees		28,599			28,250			28,263			28,001			28,015
Number of ATMs		2,928			2,902			2,828			2,822			2,807
Full service banking offices		1,670			1,675			1,678			1,683			1,690

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

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

⁴	For earnings per share calculation purposes, the impact of dilutive securities are excluded from the diluted share count during periods that the Company has recognized a net loss available to common shareholders because the impact would be antidilutive.

Page 2

SunTrust Banks, Inc. and Subsidiaries

CONSOLIDATED STATEMENTS OF INCOME/(LOSS)

(Dollars in thousands, except per share data) (Unaudited)


	Three Months Ended												Nine Months Ended
	September 30						Increase/(Decrease) ²						September 30						Increase/(Decrease) ²
	2010			2009			Amount			%			2010			2009			Amount			%
Interest income		$1,602,999			$1,657,522			($54,523	)		(3	) %		$4,747,078			$5,080,131			($333,053	)		(7	) %
Interest expense		365,469			520,064			(154,595	)		(30	)		1,159,981			1,790,918			(630,937	)		(35	)

NET INTEREST INCOME		1,237,530			1,137,458			100,072			9			3,587,097			3,289,213			297,884			9
Provision for credit losses		614,931			1,133,929			(518,998	)		(46	)		2,138,604			3,090,208			(951,604	)		(31	)

NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES		622,599			3,529			619,070			NM			1,448,493			199,005			1,249,488			NM


NONINTEREST INCOME
Service charges on deposit accounts		183,915			219,071			(35,156	)		(16	)		587,582			635,689			(48,107	)		(8	)
Trust and investment management income		124,063			118,874			5,189			4			373,372			351,891			21,481			6
Retail investment services		52,104			51,361			743			1			147,470			163,474			(16,004	)		(10	)
Other charges and fees		136,881			133,433			3,448			3			399,360			385,553			13,807			4
Investment banking income		96,216			75,343			20,873			28			210,007			211,915			(1,908	)		(1	)
Trading account profits/(losses) and commissions		(21,568	)		(86,866	)		65,298			75			79,902			(9,593	)		89,495			NM
Card fees		95,867			82,370			13,497			16			277,107			238,535			38,572			16
Mortgage production related income/(loss)		133,293			28,143			105,150			NM			85,902			444,001			(358,099	)		(81	)
Mortgage servicing related income		131,869			60,193			71,676			NM			289,917			283,203			6,714			2
Gain from ownership in Visa		-			-			-			-			-			112,102			(112,102	)		(100	)
Other noninterest income		44,964			46,437			(1,473	)		(3	)		118,630			126,024			(7,394	)		(6	)
Securities gains/(losses), net		69,341			46,692			22,649			49			127,855			25,170			102,685			NM

Total noninterest income		1,046,945			775,051			271,894			35			2,697,104			2,967,964			(270,860	)		(9	)


NONINTEREST EXPENSE
Employee compensation and benefits		708,901			666,037			42,864			6			2,083,177			2,105,798			(22,621	)		(1	)
Net occupancy expense		91,606			90,445			1,161			1			272,674			265,082			7,592			3
Outside processing and software		156,992			146,850			10,142			7			463,459			430,570			32,889			8
Equipment expense		44,859			41,616			3,243			8			127,738			128,948			(1,210	)		(1	)
Marketing and customer development		43,233			38,157			5,076			13			121,318			103,146			18,172			18
Amortization/impairment of goodwill/intangible assets		13,110			13,741			(631	)		(5	)		39,469			794,712			(755,243	)		(95	)
Net loss/(gain) on extinguishment of debt		12,387			2,276			10,111			NM			66,503			15,836			50,667			NM
Visa litigation		-			-			-			-			-			7,000			(7,000	)		(100	)
Operating losses		27,339			18,425			8,914			48			57,242			73,616			(16,374	)		(22	)
Mortgage reinsurance		6,795			10,000			(3,205	)		(32	)		24,975			104,620			(79,645	)		(76	)
FDIC premium/regulatory exams		67,224			45,473			21,751			48			196,588			241,621			(45,033	)		(19	)
Other noninterest expense		326,509			355,827			(29,318	)		(8	)		909,104			837,893			71,211			8

Total noninterest expense		1,498,955			1,428,847			70,108			5			4,362,247			5,108,842			(746,595	)		(15	)


INCOME/(LOSS) BEFORE PROVISION/(BENEFIT) FOR INCOME TAXES		170,589			(650,267	)		820,856			NM			(216,650	)		(1,941,873	)		1,725,223			89
Provision/(benefit) for income taxes		13,764			(336,056	)		349,820			NM			(230,162	)		(635,790	)		405,628			64

INCOME/(LOSS) INCLUDING INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST		156,825			(314,211	)		471,036			NM			13,512			(1,306,083	)		1,319,595			NM
Net income attributable to noncontrolling interest		3,771			2,730			1,041			38			8,888			9,485			(597	)		(6	)

NET INCOME/(LOSS)		$153,054			($316,941	)		$469,995			NM			$4,624			($1,315,568	)		$1,320,192			100


NET INCOME/(LOSS) AVAILABLE TO COMMON SHAREHOLDERS		$83,771			($377,144	)		$460,915			NM			($201,522	)		($1,416,953	)		$1,215,431			86

Net interest income - FTE ¹		$1,266,173			$1,168,174			$97,999			8			$3,676,260			$3,382,216			$294,044			9

Net income/(loss) per average common share
Diluted		0.17			(0.76	)		0.93			NM			(0.41	)		(3.41	)		3.00			88
Basic		0.17			(0.76	)		0.93			NM			(0.41	)		(3.41	)		3.00			88

Cash dividends paid per common share		0.01			0.01			-			-			0.03			0.21			(0.18	)		(86	)
Average common shares outstanding (000s)
Diluted ³		498,802			494,169			4,633			1			495,243			415,444			79,799			19
Basic		495,501			494,169			1,332			-			495,243			415,444			79,799			19

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

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

³	For earnings per share calculation purposes, the impact of dilutive securities are excluded from the diluted share count during periods that the Company has recognized a net loss available to common shareholders because the impact would be antidilutive.

Page 3

SunTrust Banks, Inc. and Subsidiaries

FIVE QUARTER CONSOLIDATED STATEMENTS OF INCOME/(LOSS)

(Dollars in thousands, except per share data) (Unaudited)


	Three Months Ended												Three Months Ended
	September 30 2010			June 30 2010			Increase/(Decrease) ²						March 31 2010			December 31 2009			September 30 2009
	September 30 2010			June 30 2010			Amount			%			March 31 2010			December 31 2009			September 30 2009
Interest income		$1,602,999			$1,570,393			$32,606			2	%		$1,573,686			$1,629,616			$1,657,522
Interest expense		365,469			392,263			(26,794	)		(7	)		402,249			453,139			520,064

NET INTEREST INCOME		1,237,530			1,178,130			59,400			5			1,171,437			1,176,477			1,137,458
Provision for credit losses		614,931			662,064			(47,133	)		(7	)		861,609			973,706			1,133,929

NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES		622,599			516,066			106,533			21			309,828			202,771			3,529


NONINTEREST INCOME
Service charges on deposit accounts		183,915			207,765			(23,850	)		(11	)		195,902			212,665			219,071
Trust and investment management income		124,063			127,222			(3,159	)		(2	)		122,087			134,632			118,874
Retail investment services		52,104			48,626			3,478			7			46,740			54,329			51,361
Other charges and fees		136,881			133,379			3,502			3			129,100			137,196			133,433
Investment banking income		96,216			57,875			38,341			66			55,916			60,084			75,343
Trading account profits/(losses) and commissions		(21,568	)		108,738			(130,306	)		NM			(7,268	)		(31,145	)		(86,866	)
Card fees		95,867			94,306			1,561			2			86,934			85,307			82,370
Mortgage production related income/(loss)		133,293			(16,462	)		149,755			NM			(30,929	)		(67,904	)		28,143
Mortgage servicing related income		131,869			87,544			44,325			51			70,504			46,705			60,193
Other noninterest income		44,964			46,035			(1,071	)		(2	)		27,631			37,596			46,437
Securities gains/(losses), net		69,341			56,971			12,370			22			1,543			72,849			46,692

Total noninterest income		1,046,945			951,999			94,946			10			698,160			742,314			775,051


NONINTEREST EXPENSE
Employee compensation and benefits		708,901			682,483			26,418			4			691,793			694,124			666,037
Net occupancy expense		91,606			89,927			1,679			2			91,141			91,709			90,445
Outside processing and software		156,992			157,764			(772	)		-			148,703			148,707			146,850
Equipment expense		44,859			42,366			2,493			6			40,513			42,939			41,616
Marketing and customer development		43,233			43,958			(725	)		(2	)		34,127			48,392			38,157
Amortization/impairment of goodwill/intangible assets		13,110			13,172			(62	)		-			13,187			12,122			13,741
Net loss/(gain) on extinguishment of debt		12,387			63,423			(51,036	)		(80	)		(9,307	)		23,520			2,276
Operating losses		27,339			16,106			11,233			70			13,797			25,911			18,425
Mortgage reinsurance		6,795			8,780			(1,985	)		(23	)		9,400			10,285			10,000
FDIC premium/regulatory exams		67,224			65,029			2,195			3			64,335			60,526			45,473
Other noninterest expense		326,509			319,741			6,768			2			262,854			295,331			355,827

Total noninterest expense		1,498,955			1,502,749			(3,794	)		-			1,360,543			1,453,566			1,428,847


INCOME/(LOSS) BEFORE PROVISION/(BENEFIT) FOR INCOME TAXES		170,589			(34,684	)		205,273			NM			(352,555	)		(508,481	)		(650,267	)
Provision/(benefit) for income taxes		13,764			(49,764	)		63,528			NM			(194,162	)		(262,993	)		(336,056	)

INCOME/(LOSS) INCLUDING INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST		156,825			15,080			141,745			NM			(158,393	)		(245,488	)		(314,211	)
Net income attributable to noncontrolling interest		3,771			2,696			1,075			40			2,421			2,627			2,730

NET INCOME/(LOSS)		$153,054			$12,384			$140,670			NM			($160,814	)		($248,115	)		($316,941	)


NET INCOME/(LOSS) AVAILABLE TO COMMON SHAREHOLDERS		$83,771			($56,109	)		$139,880			NM			($229,184	)		($316,424	)		($377,144	)

Net interest income - FTE ¹		$1,266,173			$1,208,149			$58,024			5			$1,201,938			$1,206,763			$1,168,174

Net income/(loss) per average common share
Diluted		0.17			(0.11	)		0.28			NM			(0.46	)		(0.64	)		(0.76	)
Basic		0.17			(0.11	)		0.28			NM			(0.46	)		(0.64	)		(0.76	)

Cash dividends paid per common share		0.01			0.01			-			-			0.01			0.01			0.01
Average common shares outstanding (000s)
Diluted ³		498,802			495,351			3,451			1			494,871			494,332			494,169
Basic		495,501			495,351			150			-			494,871			494,332			494,169

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

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

³	For earnings per share calculation purposes, the impact of dilutive securities are excluded from the diluted share count during periods that the Company has recognized a net loss available to common shareholders because the impact would be antidilutive.

Page 4

SunTrust Banks, Inc. and Subsidiaries

CONSOLIDATED BALANCE SHEETS

(Dollars in thousands) (Unaudited)


	As of September 30						Increase/(Decrease) ²
	2010			2009			Amount			%
ASSETS
Cash and due from banks		$3,168,647			$4,303,550			($1,134,903	)		(26	) %
Interest-bearing deposits in other banks		24,449			25,098			(649	)		(3	)
Funds sold and securities purchased under agreements to resell		962,104			829,089			133,015			16
Trading assets		6,649,916			6,673,623			(23,707	)		-
Securities available for sale		30,309,826			22,122,850			8,186,976			37
Loans held for sale		3,114,174			4,577,549			(1,463,375	)		(32	)
Loans held for investment:
Commercial		32,847,427			33,491,704			(644,277	)		(2	)
Real estate:
Home equity lines		15,292,314			16,120,532			(828,218	)		(5	)
Construction		4,439,652			7,379,580			(2,939,928	)		(40	)
Residential mortgages		32,003,382			31,623,160			380,222			1
Commercial real estate:
Owner occupied		8,708,339			9,062,920			(354,581	)		(4	)
Investor owned		6,104,074			6,230,803			(126,729	)		(2	)
Consumer:
Direct		6,492,189			5,058,593			1,433,596			28
Indirect		8,164,657			6,564,095			1,600,562			24
Credit card		1,002,514			956,551			45,963			5

Total loans held for investment		115,054,548			116,487,938			(1,433,390	)		(1	)
Allowance for loan and lease losses		(3,086,000	)		(3,024,000	)		62,000			2

Net loans held for investment		111,968,548			113,463,938			(1,495,390	)		(1	)
Goodwill		6,323,028			6,314,382			8,646			-
Other intangible assets		1,204,352			1,604,136			(399,784	)		(25	)
Other real estate owned		645,359			571,553			73,806			13
Other assets		10,332,287			12,231,979			(1,899,692	)		(16	)

Total assets ¹		$174,702,690			$172,717,747			$1,984,943			1


LIABILITIES
Deposits:
Noninterest-bearing consumer and commercial deposits		$26,707,192			$23,590,252			$3,116,940			13	%
Interest-bearing consumer and commercial deposits:
NOW accounts		23,443,715			24,483,369			(1,039,654	)		(4	)
Money market accounts		40,798,354			32,741,496			8,056,858			25
Savings		4,051,125			3,850,617			200,508			5
Consumer time		13,966,324			16,317,023			(2,350,699	)		(14	)
Other time		8,527,554			12,618,485			(4,090,931	)		(32	)

Total consumer and commercial deposits		117,494,264			113,601,242			3,893,022			3
Brokered deposits		2,409,055			4,953,103			(2,544,048	)		(51	)
Foreign deposits		440,859			776,697			(335,838	)		(43	)

Total deposits		120,344,178			119,331,042			1,013,136			1
Funds purchased		1,076,227			1,037,562			38,665			4
Securities sold under agreements to repurchase		2,429,346			2,186,204			243,142			11
Other short-term borrowings		4,894,410			1,692,889			3,201,521			NM
Long-term debt		15,207,837			18,177,280			(2,969,443	)		(16	)
Trading liabilities		2,701,742			2,531,114			170,628			7
Other liabilities		4,611,376			4,853,372			(241,996	)		(5	)

Total liabilities		151,265,116			149,809,463			1,455,653			1


SHAREHOLDERS’ EQUITY
Preferred stock, no par value		4,935,507			4,911,416			24,091			-
Common stock, $1.00 par value		514,667			514,667			-			-
Additional paid in capital		8,442,751			8,520,533			(77,782	)		(1	)
Retained earnings		8,431,253			8,886,150			(454,897	)		(5	)
Treasury stock, at cost, and other		(951,529	)		(1,076,633	)		(125,104	)		(12	)
Accumulated other comprehensive income		2,064,925			1,152,151			912,774			79

Total shareholders’ equity		23,437,574			22,908,284			529,290			2


Total liabilities and shareholders’ equity		$174,702,690			$172,717,747			$1,984,943			1


Common shares outstanding		499,954,653			499,146,588			808,065			-
Common shares authorized		750,000,000			750,000,000			-			-
Preferred shares outstanding		50,225			50,225			-			-
Preferred shares authorized		50,000,000			50,000,000			-			-
Treasury shares of common stock		14,711,942			15,520,007			(808,065	)		(5	)

¹Includes earning assets of		$149,994,367			$145,554,286			$4,440,081			3	%

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 BALANCE SHEETS

(Dollars in thousands) (Unaudited)


	As of												As of
	September 30			June 30			Increase/(Decrease) ²						March 31			December 31			September 30
	2010			2010			Amount			%			2010			2009			2009
ASSETS
Cash and due from banks		$3,168,647			$3,835,943			($667,296	)		(17	) %		$4,671,345			$6,456,406			$4,303,550
Interest-bearing deposits in other banks		24,449			24,463			(14	)		-			24,665			24,109			25,098
Funds sold and securities purchased under agreements to resell		962,104			932,769			29,335			3			1,613,663			516,656			829,089
Trading assets		6,649,916			6,165,802			484,114			8			6,038,104			4,979,938			6,673,623
Securities available for sale		30,309,826			27,598,360			2,711,466			10			26,238,529			28,477,042			22,122,850
Loans held for sale		3,114,174			3,184,717			(70,543	)		(2	)		3,696,990			4,669,823			4,577,549
Loans held for investment:
Commercial		32,847,427			32,522,724			324,703			1			33,393,502			32,494,067			33,491,704
Real estate:
Home equity lines		15,292,314			15,442,771			(150,457	)		(1	)		15,676,336			15,952,546			16,120,532
Construction		4,439,652			5,004,457			(564,805	)		(11	)		5,756,240			6,646,831			7,379,580
Residential mortgages		32,003,382			31,125,621			877,761			3			30,804,683			30,789,759			31,623,160
Commercial real estate:
Owner occupied		8,708,339			8,876,796			(168,457	)		(2	)		8,926,891			8,915,447			9,062,920
Investor owned		6,104,074			6,257,146			(153,072	)		(2	)		6,335,013			6,159,006			6,230,803
Consumer:
Direct		6,492,189			5,711,530			780,659			14			5,368,458			5,117,765			5,058,593
Indirect		8,164,657			6,953,191			1,211,466			17			6,678,269			6,531,134			6,564,095
Credit card		1,002,514			1,031,181			(28,667	)		(3	)		1,040,056			1,068,289			956,551

Total loans held for investment		115,054,548			112,925,417			2,129,131			2			113,979,448			113,674,844			116,487,938
Allowance for loan and lease losses		(3,086,000	)		(3,156,000	)		(70,000	)		(2	)		(3,176,000	)		(3,120,000	)		(3,024,000	)

Net loans held for investment		111,968,548			109,769,417			2,199,131			2			110,803,448			110,554,844			113,463,938
Goodwill		6,323,028			6,323,028			-			-			6,322,878			6,319,078			6,314,382
Other intangible assets		1,204,352			1,443,227			(238,875	)		(17	)		1,799,919			1,711,299			1,604,136
Other real estate owned		645,359			699,828			(54,469	)		(8	)		627,639			619,621			571,553
Other assets		10,332,287			10,690,916			(358,629	)		(3	)		9,959,075			9,835,919			12,231,979

Total assets ¹		$174,702,690			$170,668,470			$4,034,220			2			$171,796,255			$174,164,735			$172,717,747


LIABILITIES
Deposits:
Noninterest-bearing consumer and commercial deposits		$26,707,192			$25,382,113			$1,325,079			5	%		$25,148,837			$24,244,041			$23,590,252
Interest-bearing consumer and commercial deposits:
NOW accounts		23,443,715			24,486,751			(1,043,036	)		(4	)		25,657,386			27,204,796			24,483,369
Money market accounts		40,798,354			38,443,629			2,354,725			6			36,872,574			35,212,841			32,741,496
Savings		4,051,125			4,107,414			(56,289	)		(1	)		4,027,338			3,752,824			3,850,617
Consumer time		13,966,324			14,665,163			(698,839	)		(5	)		14,546,781			14,778,577			16,317,023
Other time		8,527,554			9,176,428			(648,874	)		(7	)		9,890,733			11,110,373			12,618,485

Total consumer and commercial deposits		117,494,264			116,261,498			1,232,766			1			116,143,649			116,303,452			113,601,242
Brokered deposits		2,409,055			2,342,435			66,620			3			2,350,846			4,231,530			4,953,103
Foreign deposits		440,859			64,170			376,689			NM			254,941			1,328,584			776,697

Total deposits		120,344,178			118,668,103			1,676,075			1			118,749,436			121,863,566			119,331,042
Funds purchased		1,076,227			1,260,447			(184,220	)		(15	)		1,158,713			1,432,581			1,037,562
Securities sold under agreements to repurchase		2,429,346			2,476,519			(47,173	)		(2	)		2,794,195			1,870,510			2,186,204
Other short-term borrowings		4,894,410			2,516,714			2,377,696			94			2,387,640			2,062,277			1,692,889
Long-term debt		15,207,837			15,658,705			(450,868	)		(3	)		16,531,380			17,489,516			18,177,280
Trading liabilities		2,701,742			2,655,092			46,650			2			3,246,890			2,188,923			2,531,114
Other liabilities		4,611,376			4,408,996			202,380			5			4,308,075			4,726,507			4,853,372

Total liabilities		151,265,116			147,644,576			3,620,540			2			149,176,329			151,633,880			149,809,463


SHAREHOLDERS’ EQUITY
Preferred stock, no par value		4,935,507			4,929,357			6,150			-			4,923,292			4,917,312			4,911,416
Common stock, $1.00 par value		514,667			514,667			-			-			514,667			514,667			514,667
Additional paid in capital		8,442,751			8,445,077			(2,326	)		-			8,446,209			8,521,042			8,520,533
Retained earnings		8,431,253			8,358,155			73,098			1			8,419,219			8,562,807			8,886,150
Treasury stock, at cost, and other		(951,529	)		(968,279	)		(16,750	)		(2	)		(989,840	)		(1,055,136	)		(1,076,633	)
Accumulated other comprehensive income		2,064,925			1,744,917			320,008			18			1,306,379			1,070,163			1,152,151

Total shareholders’ equity		23,437,574			23,023,894			413,680			2			22,619,926			22,530,855			22,908,284


Total liabilities and shareholders’ equity		$174,702,690			$170,668,470			$4,034,220			2			$171,796,255			$174,164,735			$172,717,747


Common shares outstanding		499,954,653			499,928,565			26,088			-			499,857,812			499,156,858			499,146,588
Common shares authorized		750,000,000			750,000,000			-			-			750,000,000			750,000,000			750,000,000
Preferred shares outstanding		50,225			50,225			-			-			50,225			50,225			50,225
Preferred shares authorized		50,000,000			50,000,000			-			-			50,000,000			50,000,000			50,000,000
Treasury shares of common stock		14,711,942			14,738,030			(26,088	)		-			14,808,783			15,509,737			15,520,007

¹Includes earning assets of		$149,994,367			$145,601,253			$4,393,114			3	%		$147,056,130			$147,896,225			$145,554,286

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

Page 6

SunTrust Banks, Inc. and Subsidiaries

CONSOLIDATED DAILY AVERAGE BALANCES,

AVERAGE YIELDS EARNED AND RATES PAID

(Dollars in millions; yields on taxable-equivalent basis) (Unaudited)


	Three Months Ended																Increase/(Decrease) From
	September 30, 2010								June 30, 2010								Sequential Quarter						Prior Year Quarter
	Average Balances			Interest Income/ Expense		Yields/ Rates			Average Balances			Interest Income/ Expense		Yields/ Rates			Average Balances			Yields/ Rates			Average Balances			Yields/ Rates
ASSETS
Loans:
Real estate residential mortgage 1-4 family		$27,266			$387		5.68	%		$26,783			$393		5.87	%		$483			(0.19	) %		($1,132	)		(0.29	) %
Real estate construction		3,292			31		3.76			3,274			30		3.67			18			0.09			(2,128	)		0.47
Real estate home equity lines		14,785			127		3.40			14,973			126		3.37			(188	)		0.03			(826	)		0.08
Real estate commercial		14,134			145		4.08			15,091			154		4.09			(957	)		(0.01	)		(1,686	)		0.03
Commercial - FTE ¹		32,480			459		5.60			32,503			447		5.52			(23	)		0.08			(2,930	)		0.53
Credit card		1,049			22		8.37			1,064			23		8.45			(15	)		(0.08	)		59			0.84
Consumer - direct		5,872			66		4.45			5,544			60		4.32			328			0.13			830			0.56
Consumer - indirect		7,770			108		5.50			6,946			101		5.86			824			(0.36	)		1,153			(0.83	)
Nonaccrual and restructured		6,674			10		0.63			6,838			11		0.63			(164	)		-			186			0.04

Total loans		113,322			1,355		4.74			113,016			1,345		4.77			306			(0.03	)		(6,474	)		0.11
Securities available for sale:
Taxable		25,502			208		3.26			23,977			186		3.11			1,525			0.15			5,934			(0.75	)
Tax-exempt - FTE ¹		732			10		5.26			866			12		5.39			(134	)		(0.13	)		(247	)		(0.18	)

Total securities available for sale - FTE ¹		26,234			218		3.32			24,843			198		3.19			1,391			0.13			5,687			(0.76	)
Funds sold and securities purchased under agreements to resell		1,021			-		0.08			1,009			-		0.11			12			(0.03	)		326			(0.14	)
Loans held for sale		3,276			35		4.33			3,342			33		3.97			(66	)		0.36			(1,825	)		(0.16	)
Interest-bearing deposits		25			-		0.10			27			-		0.17			(2	)		(0.07	)		(1	)		(0.41	)
Interest earning trading assets		3,371			24		2.75			3,227			24		3.03			144			(0.28	)		(43	)		0.01

Total earning assets		147,249			1,632		4.40			145,464			1,600		4.41			1,785			(0.01	)		(2,330	)		(0.08	)
Allowance for loan and lease losses		(3,035	)							(3,107	)							72						(192	)
Cash and due from banks		4,200								5,788								(1,588	)					692
Other assets		18,019								18,450								(431	)					534
Noninterest earning trading assets		3,171								2,709								462						44
Unrealized gains on securities available for sale, net		2,395								1,969								426						788

Total assets		$171,999								$171,273								$726						($464	)

LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing deposits:
NOW accounts		$23,514			$13		0.23	%		$24,949			$16		0.25	%		($1,435	)		(0.02	) %		($442	)		(0.16	) %
Money market accounts		39,839			57		0.57			37,703			57		0.61			2,136			(0.04	)		7,334			(0.29	)
Savings		4,074			3		0.22			4,093			2		0.22			(19	)		-			341			(0.10	)
Consumer time		14,381			68		1.87			14,779			72		1.96			(398	)		(0.09	)		(2,354	)		(0.93	)
Other time		8,914			45		2.02			9,445			50		2.11			(531	)		(0.09	)		(4,127	)		(0.84	)

Total interest-bearing consumer and commercial deposits		90,722			186		0.81			90,969			197		0.87			(247	)		(0.06	)		752			(0.55	)
Brokered deposits		2,418			28		4.53			2,416			28		4.57			2			(0.04	)		(2,288	)		2.41
Foreign deposits		322			-		0.15			254			-		0.11			68			0.04			(165	)		0.04

Total interest-bearing deposits		93,462			214		0.91			93,639			225		0.96			(177	)		(0.05	)		(1,701	)		(0.49	)
Funds purchased		1,176			1		0.20			1,224			1		0.18			(48	)		0.02			(346	)		0.02
Securities sold under agreements to repurchase		2,505			1		0.16			2,632			1		0.14			(127	)		0.02			462			0.01
Interest-bearing trading liabilities		917			9		3.61			868			8		3.76			49			(0.15	)		503			(0.85	)
Other short-term borrowings		3,192			3		0.40			2,537			3		0.48			655			(0.08	)		1,585			(0.33	)
Long-term debt		15,396			138		3.56			16,529			154		3.75			(1,133	)		(0.19	)		(2,993	)		(0.24	)

Total interest-bearing liabilities		116,648			366		1.24			117,429			392		1.34			(781	)		(0.10	)		(2,490	)		(0.49	)
Noninterest-bearing deposits		26,511								25,491								1,020						1,995
Other liabilities		3,891								4,240								(349	)					(493	)
Noninterest-bearing trading liabilities		1,858								1,800								58						(99	)
Shareholders’ equity		23,091								22,313								778						623

Total liabilities and shareholders’ equity		$171,999								$171,273								$726						($464	)



Interest Rate Spread							3.16	%							3.07	%					0.09	%					0.41	%


Net Interest Income - FTE ¹					$1,266								$1,208


Net Interest Margin ²							3.41	%							3.33	%					0.08	%					0.31	%

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
	March 31, 2010								December 31, 2009								September 30, 2009
	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 residential mortgage 1-4 family		$26,970			$397		5.88	%		$27,383			$410		5.99	%		$28,398			$424		5.97	%
Real estate construction		4,078			34		3.44			4,753			41		3.38			5,420			45		3.29
Real estate home equity lines		15,157			125		3.33			15,420			129		3.32			15,611			131		3.32
Real estate commercial		15,105			151		4.05			15,357			157		4.04			15,820			162		4.05
Commercial - FTE ¹		33,094			449		5.50			32,707			454		5.51			35,410			453		5.07
Credit card		1,067			23		8.69			995			19		7.77			990			18		7.53
Consumer - direct		5,254			53		4.11			5,071			51		3.97			5,042			49		3.89
Consumer - indirect		6,697			101		6.10			6,636			104		6.22			6,617			105		6.33
Nonaccrual and restructured		7,013			11		0.64			6,714			12		0.68			6,488			10		0.59

Total loans		114,435			1,344		4.76			115,036			1,377		4.75			119,796			1,397		4.63
Securities available for sale:
Taxable		24,779			195		3.15			23,339			207		3.56			19,568			196		4.01
Tax-exempt - FTE ¹		910			12		5.40			952			13		5.41			979			14		5.44

Total securities available for sale - FTE ¹		25,689			207		3.23			24,291			220		3.63			20,547			210		4.08
Funds sold and securities purchased under agreements to resell		882			-		0.11			695			-		0.18			695			-		0.22
Loans held for sale		3,248			33		4.09			3,933			41		4.19			5,101			57		4.49
Interest-bearing deposits		26			-		0.28			24			-		0.36			26			-		0.51
Interest earning trading assets		2,616			20		3.07			2,608			22		3.25			3,414			24		2.74

Total earning assets		146,896			1,604		4.43			146,587			1,660		4.49			149,579			1,688		4.48
Allowance for loan and lease losses		(3,083	)							(2,936	)							(2,843	)
Cash and due from banks		4,408								7,657								3,508
Other assets		18,690								17,648								17,485
Noninterest earning trading assets		2,634								3,099								3,127
Unrealized gains on securities available for sale, net		1,884								1,986								1,607

Total assets		$171,429								$174,041								$172,463

LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing deposits:
NOW accounts		$25,593			$17		0.27	%		$26,374			$23		0.35	%		$23,956			$24		0.39	%
Money market accounts		36,250			61		0.67			34,318			63		0.72			32,505			70		0.86
Savings		3,856			2		0.24			3,814			2		0.25			3,733			3		0.32
Consumer time		14,417			70		1.97			15,549			91		2.33			16,735			118		2.80
Other time		10,448			56		2.18			11,901			75		2.48			13,041			94		2.86

Total interest-bearing consumer and commercial deposits		90,564			206		0.92			91,956			254		1.10			89,970			309		1.36
Brokered deposits		3,005			27		3.61			4,604			28		2.39			4,706			26		2.12
Foreign deposits		428			-		0.10			541			-		0.10			487			-		0.11

Total interest-bearing deposits		93,997			233		1.01			97,101			282		1.15			95,163			335		1.40
Funds purchased		1,416			1		0.17			1,427			1		0.16			1,522			-		0.18
Securities sold under agreements to repurchase		1,980			-		0.10			1,965			1		0.12			2,043			1		0.15
Interest-bearing trading liabilities		736			6		3.38			429			4		4.14			414			5		4.46
Other short-term borrowings		2,853			3		0.45			1,712			3		0.69			1,607			3		0.73
Long-term debt		17,581			159		3.66			17,692			162		3.64			18,389			176		3.80

Total interest-bearing liabilities		118,563			402		1.38			120,326			453		1.49			119,138			520		1.73
Noninterest-bearing deposits		24,520								25,052								24,516
Other liabilities		4,222								4,319								4,384
Noninterest-bearing trading liabilities		1,786								1,963								1,957
Shareholders’ equity		22,338								22,381								22,468

Total liabilities and shareholders’ equity		$171,429								$174,041								$172,463



Interest Rate Spread							3.05	%							3.00	%							2.75	%


Net Interest Income - FTE ¹					$1,202								$1,207								$1,168


Net Interest Margin ²							3.32	%							3.27	%							3.10	%

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)


	Nine Months Ended																Increase/(Decrease) From
	September 30, 2010								September 30, 2009								Prior Year
	Average Balances			Interest Income/ Expense		Yields/ Rates			Average Balances			Interest Income/ Expense		Yields/ Rates			Average Balances			Yields/ Rates
ASSETS
Loans:
Real estate residential mortgage 1-4 family		$27,007			$1,177		5.81	%		$29,238			$1,312		5.98	%		($2,231	)		(0.17	) %
Real estate construction		3,545			96		3.61			6,408			158		3.29			(2,863	)		0.32
Real estate home equity lines		14,970			377		3.37			15,775			394		3.34			(805	)		0.03
Real estate commercial		14,773			450		4.07			15,646			483		4.13			(873	)		(0.06	)
Commercial - FTE ¹		32,690			1,355		5.54			37,722			1,365		4.84			(5,032	)		0.70
Credit Card		1,060			68		8.51			980			54		7.36			80			1.15
Consumer - direct		5,559			179		4.30			5,111			156		4.09			448			0.21
Consumer - indirect		7,142			310		5.80			6,580			314		6.38			562			(0.58	)
Nonaccrual and restructured		6,841			31		0.63			5,604			25		0.59			1,237			0.04

Total loans		113,587			4,043		4.76			123,064			4,261		4.63			(9,477	)		0.13
Securities available for sale:
Taxable		24,756			589		3.17			17,485			582		4.44			7,271			(1.27	)
Tax-exempt - FTE ¹		835			34		5.36			1,020			42		5.47			(185	)		(0.11	)

Total securities available for sale - FTE ¹		25,591			623		3.25			18,505			624		4.50			7,086			(1.25	)
Funds sold and securities purchased under agreements to resell		971			1		0.10			827			2		0.30			144			(0.20	)
Loans held for sale		3,289			102		4.13			5,665			192		4.51			(2,376	)		(0.38	)
Interest-bearing deposits		26			-		0.18			26			-		1.09			-			(0.91	)
Interest earning trading assets		3,074			67		2.93			4,278			94		2.94			(1,204	)		(0.01	)

Total earning assets		146,538			4,836		4.41			152,365			5,173		4.54			(5,827	)		(0.13	)
Allowance for loan and lease losses		(3,075	)							(2,628	)							(447	)
Cash and due from banks		4,798								3,896								902
Other assets		18,383								17,256								1,127
Noninterest earning trading assets		2,840								3,540								(700	)
Unrealized gains on securities available for sale, net		2,085								1,486								599

Total assets		$171,569								$175,915								($4,346	)


LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing deposits:
NOW accounts		$24,678			$46		0.25	%		$22,666			$76		0.45	%		$2,012			(0.20	) %
Money market accounts		37,944			175		0.61			31,036			252		1.09			6,908			(0.48	)
Savings		4,008			7		0.23			3,614			8		0.28			394			(0.05	)
Consumer time		14,526			210		1.93			17,112			387		3.03			(2,586	)		(1.10	)
Other time		9,596			151		2.11			13,462			308		3.06			(3,866	)		(0.95	)

Total interest-bearing consumer and commercial deposits		90,752			589		0.87			87,890			1,031		1.57			2,862			(0.70	)
Brokered deposits		2,611			83		4.19			6,000			126		2.77			(3,389	)		1.42
Foreign deposits		334			-		0.12			398			1		0.13			(64	)		(0.01	)

Total interest-bearing deposits		93,697			672		0.96			94,288			1,158		1.64			(591	)		(0.68	)
Funds purchased		1,271			2		0.18			1,751			2		0.20			(480	)		(0.02	)
Securities sold under agreements to repurchase		2,375			3		0.14			2,658			4		0.20			(283	)		(0.06	)
Interest-bearing trading liabilities		841			23		3.60			508			16		4.14			333			(0.54	)
Other short-term borrowings		2,862			9		0.44			3,038			12		0.52			(176	)		(0.08	)
Long-term debt		16,494			451		3.66			20,936			599		3.83			(4,442	)		(0.17	)

Total interest-bearing liabilities		117,540			1,160		1.32			123,179			1,791		1.94			(5,639	)		(0.62	)
Noninterest-bearing deposits		25,515								23,979								1,536
Other liabilities		4,116								4,410								(294	)
Noninterest-bearing trading liabilities		1,815								2,093								(278	)
Shareholders’ equity		22,583								22,254								329

Total liabilities and shareholders’ equity		$171,569								$175,915								($4,346	)


Interest Rate Spread							3.09	%							2.60	%					0.49	%


Net Interest Income - FTE ¹					$3,676								$3,382


Net Interest Margin ²							3.35	%							2.97	%					0.38	%

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 millions) (Unaudited)


	Three Months Ended												Nine Months Ended
	September 30						Increase/(Decrease)						September 30						Increase/(Decrease)
	2010			2009			Amount			%¹			2010			2009			Amount			%¹
CREDIT DATA
Allowance for credit losses - beginning		$3,216			$2,925			$291			10	%		$3,235			$2,378			$857			36	%
Provision for loan losses		620			1,134			(514	)		(45	)		2,199			3,090			(891	)		(29	)
Provision for unfunded commitments ²		(5	)		29			(34	)		NM			(60	)		31			(91	)		NM
Charge-offs
Commercial		(77	)		(205	)		(128	)		(62	)		(282	)		(502	)		(220	)		(44	)
Real estate:
Home equity lines		(133	)		(189	)		(56	)		(30	)		(453	)		(547	)		(94	)		(17	)
Construction		(117	)		(159	)		(42	)		(26	)		(367	)		(328	)		39			12
Residential mortgages		(311	)		(390	)		(79	)		(20	)		(1,029	)		(900	)		129			14
Commercial real estate		(40	)		(24	)		16			67			(53	)		(29	)		24			83
Consumer:
Direct		(10	)		(20	)		(10	)		(50	)		(38	)		(42	)		(4	)		(10	)
Indirect		(18	)		(35	)		(17	)		(49	)		(63	)		(117	)		(54	)		(46	)
Credit cards		(19	)		(24	)		(5	)		(21	)		(70	)		(64	)		6			9

Total charge-offs		(725	)		(1,046	)		(321	)		(31	)		(2,355	)		(2,529	)		(174	)		(7	)


Recoveries
Commercial		13			9			4			44			35			24			11			46
Real estate:
Home equity lines		8			9			(1	)		(11	)		31			18			13			72
Construction		-			2			(2	)		(100	)		9			6			3			50
Residential mortgages		4			4			-			-			15			12			3			25
Commercial real estate		-			3			(3	)		(100	)		(3	)		3			(6	)		NM
Consumer:
Direct		2			2			-			-			6			6			-			-
Indirect		7			10			(3	)		(30	)		26			40			(14	)		(35	)
Credit cards		1			1			-			-			3			3			-			-

Total recoveries		35			40			(5	)		(13	)		122			112			10			9

Net charge-offs		(690	)		(1,006	)		(316	)		(31	)		(2,233	)		(2,417	)		(184	)		(8	)

Allowance for credit losses - ending		$3,141			$3,082			$59			2	%		$3,141			$3,082			$59			2	%

Components:
Allowance for loan and lease losses		$3,086			$3,024			$62			2	%
Unfunded commitments reserve		55			58			(3	)		(5	)

Allowance for credit losses		$3,141			$3,082


Net charge-offs to average loans (annualized)
Commercial		0.77	%		2.15	%		(1.38	) %		(64	) %		1.00	%		1.67	%		(0.67	) %		(40	) %
Real estate:
Home equity lines		3.24			4.51			(1.27	)		(28	)		3.64			4.42			(0.78	)		(18	)
Construction		10.21			8.83			1.38			16			9.90			5.46			4.44			81
Residential mortgages		3.89			4.92			(1.03	)		(21	)		4.35			3.75			0.60			16
Commercial real estate		1.09			0.51			0.58			NM			0.49			0.21			0.28			NM
Consumer:
Direct		0.54			1.41			(0.87	)		(62	)		0.77			0.96			(0.19	)		(20	)
Indirect		0.56			1.50			(0.94	)		(63	)		0.69			1.58			(0.89	)		(56	)
Credit cards		6.81			9.39			(2.58	)		(28	)		8.45			8.47			(0.02	)		-
Total net charge-offs to total average loans		2.42			3.33			(0.91	)		(27	)		2.63			2.63			-			-

Period Ended
Nonaccrual/nonperforming loans
Commercial		$325			$595			($270	)		(45	) %
Real estate:
Home equity lines		292			280			12			4
Construction		1,297			1,582			(285	)		(18	)
Residential mortgages		1,928			2,645			(717	)		(27	)
Commercial real estate		485			303			182			60
Consumer loans		46			39			7			18

Total nonaccrual/nonperforming loans		4,373			5,444			(1,071	)		(20	)
Other real estate owned (“OREO”)		645			572			73			13
Other repossessed assets		51			79			(28	)		(36	)

Total nonperforming assets		$5,069			$6,095			($1,026	)		(17	)

Restructured loans (accruing)		$2,516			$1,344			$1,172			87	%

Total accruing loans past due 90 days or more ³		$1,580			$1,509			$71			5

Total nonperforming loans to total loans		3.80	%		4.67	%		(0.87	) %		(19	) %
Total nonperforming assets to total loans plus OREO, other repossessed assets, and nonperforming LHFS		4.38			5.20			(0.82	)		(16	)
Allowance to period-end loans		2.69			2.61			0.08			3
Allowance to nonperforming loans		71.07			56.67			14.40			25
Allowance to annualized net charge-offs		1.13	x		0.76	x		0.37	x		49

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

Beginning in the fourth quarter of 2009, SunTrust began recording the provision for unfunded commitments within the provision for credit losses in the Consolidated Statements of Income/(Loss). Including the current provision for unfunded commitments, the provision for credit losses was $615 million and $2.1 billion for the three and nine months ended September 30, 2010. Considering the immateriality of this provision, prior to the fourth quarter of 2009 the provision for unfunded commitments remains classified within other noninterest expense in the Consolidated Statements of Income/(Loss).

³	Total accruing loans past due 90 days or more contain loans that are guaranteed by governmental entities. These loans were $1.4 billion and $1.2 billion at September 30, 2010 and September 30, 2009, respectively.

Page 10

SunTrust Banks, Inc. and Subsidiaries

FIVE QUARTER OTHER FINANCIAL DATA

(Dollars in millions) (Unaudited)


	Three Months Ended
	September 30			June 30			Increase/(Decrease)						March 31			December 31			September 30
	2010			2010			Amount			%¹			2010			2009			2009
CREDIT DATA
Allowance for credit losses - beginning		$3,216			$3,276			($60	)		(2	) %		$3,235			$3,082			$2,925
Provision for loan losses		620			702			(82	)		(12	)		877			917			1,134
Provision for unfunded commitments ²		(5	)		(40	)		35			88			(15	)		57			29
Charge-offs
Commercial		(77	)		(98	)		(21	)		(21	)		(107	)		(111	)		(205	)
Real estate:
Home equity lines		(133	)		(150	)		(17	)		(11	)		(170	)		(168	)		(189	)
Construction		(117	)		(155	)		(38	)		(25	)		(95	)		(180	)		(159	)
Residential mortgages		(311	)		(298	)		13			4			(420	)		(336	)		(390	)
Commercial real estate		(40	)		(13	)		27			NM			-			(3	)		(24	)
Consumer:
Direct		(10	)		(14	)		(4	)		(29	)		(14	)		(14	)		(20	)
Indirect		(18	)		(18	)		-			-			(27	)		(35	)		(35	)
Credit cards		(19	)		(22	)		(3	)		(14	)		(29	)		(22	)		(24	)

Total charge-offs		(725	)		(768	)		(43	)		(6	)		(862	)		(869	)		(1,046	)


Recoveries
Commercial		13			11			2			18			11			15			9
Real estate:
Home equity lines		8			13			(5	)		(38	)		10			13			9
Construction		-			5			(5	)		(100	)		4			1			2
Residential mortgages		4			5			(1	)		(20	)		6			6			4
Commercial real estate		-			-			-			-			(3	)		-			3
Consumer:
Direct		2			2			-			-			2			2			2
Indirect		7			9			(2	)		(22	)		10			10			10
Credit cards		1			1			-			-			1			1			1

Total recoveries		35			46			(11	)		(24	)		41			48			40

Net charge-offs		(690	)		(722	)		(32	)		(4	)		(821	)		(821	)		(1,006	)

Allowance for credit losses-ending		$3,141			$3,216			($75	)		(2	) %		$3,276			$3,235			$3,082


Components:
Allowance for loan and lease losses	$	3,086		$	3,156		($	70	)		(2	) %	$	3,176		$	3,120		$	3,024
Unfunded commitments reserve		55			60			(5	)		(8	)		100			115			58

Allowance for credit losses		$3,141			$3,216									$3,276			$3,235			$3,082


Net charge-offs to average loans (annualized)
Commercial		0.77	%		1.06	%		(0.29	) %		(27	) %		1.13	%		1.14	%		2.15	%
Real estate:
Home equity lines		3.24			3.55			(0.31	)		(9	)		4.11			3.91			4.51
Construction		10.21			13.05			(2.84	)		(22	)		6.30			11.38			8.83
Residential mortgages		3.89			3.81			0.08			2			5.57			4.35			4.92
Commercial real estate		1.09			0.33			0.76			NM			0.08			0.06			0.51
Consumer:
Direct		0.54			0.87			(0.33	)		(38	)		0.92			0.96			1.41
Indirect		0.56			0.51			0.05			10			0.98			1.50			1.50
Credit cards		6.81			7.92			(1.11	)		(14	)		10.48			8.51			9.39
Total net charge-offs to total average loans		2.42			2.57			(0.15	)		(6	)		2.91			2.83			3.33

Period Ended
Nonaccrual/nonperforming loans
Commercial		$325			$368			($43	)		(12	) %		$379			$484			$595
Real estate:
Home equity lines		292			290			2			1			286			289			280
Construction		1,297			1,360			(63	)		(5	)		1,585			1,484			1,582
Residential mortgages		1,928			2,128			(200	)		(9	)		2,436			2,716			2,645
Commercial real estate		485			515			(30	)		(6	)		464			392			303
Consumer loans		46			38			8			21			35			37			39

Total nonaccrual/nonperforming loans		4,373			4,699			(326	)		(7	)		5,185			5,402			5,444
OREO		645			700			(55	)		(8	)		628			620			572
Other repossessed assets		51			64			(13	)		(21	)		70			79			79
Nonperforming LHFS		-			-			-			-			160			-			-

Total nonperforming assets		$5,069			$5,463			($394	)		(7	)		$6,043			$6,101			$6,095


Restructured loans (accruing)		$2,516			$2,269			$247			11	%		$1,908			$1,641			$1,344


Total accruing loans past due 90 days or more ³		$1,580			$1,376			$204			15	%		$1,475			$1,500			$1,509


Total nonperforming loans to total loans		3.80	%		4.16	%		(0.36	) %		(9	) %		4.55	%		4.75	%		4.67	%

Total nonperforming assets to total loans plus OREO, other repossessed assets, and nonperforming LHFS		4.38			4.81			(0.43	)		(9	)		5.26			5.33			5.20
Allowance to period-end loans		2.69			2.81			(0.12	)		(4	)		2.80			2.76			2.61
Allowance to nonperforming loans		71.07			67.64			3.43			5			61.74			58.86			56.67
Allowance to annualized net charge-offs		1.13	x		1.09	x		0.04	x		4			0.95	x		0.96	x		0.76	x

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

Beginning in the fourth quarter of 2009, SunTrust began recording the provision for unfunded commitments within the provision for credit losses in the Consolidated Statements of Income/(Loss). Including the current provision for unfunded commitments, the provision for credit losses was $615 million, $662 million, $862 million, and $974 million for the three months ended September 30, 2010, June 30, 2010, March 31, 2010, and December 31, 2009, respectively. Considering the immateriality of this provision, prior to the fourth quarter of 2009, the provision for unfunded commitments remains classified within other noninterest expense in the Consolidated Statements of Income/(Loss).

Total accruing loans past due 90 days or more contain loans that are guaranteed by governmental entities. These loans were $1.4 billion, $1.2 billion, $1.3 billion, $1.3 billion, and $1.2 billion at September 30, 2010, June 30, 2010, March 31, 2010, December 31, 2009, and September 30, 2009, respectively.

Page 11

SunTrust Banks, Inc. and Subsidiaries

OTHER FINANCIAL DATA (continued)

(Dollars in millions, except per share data) (Unaudited)


	Three Months Ended September 30															Nine Months Ended September 30
	Core Deposit Intangibles			Mortgage Servicing Rights- Amortized Cost			Mortgage Servicing Rights- Fair Value			Other			Total			Core Deposit Intangibles			Mortgage Servicing Rights- Amortized Cost			Mortgage Servicing Rights- Fair Value			Other			Total
OTHER INTANGIBLE ASSET ROLLFORWARD
Balance, beginning of period		$123			$680			$642			$72			$1,517			$145			$810			$-			$80			$1,035
Designated at fair value (transfers from amortized cost)		-			-			-			-			-			-			(188	)		188			-			-
Amortization		(10	)		(41	)		-			(4	)		(55	)		(32	)		(171	)		-			(12	)		(215	)
Mortgage servicing rights (“MSRs”) originated		-			-			206			-			206			-			-			585			-			585
MSRs impairment recovery		-			1			-			-			1			-			189			-			-			189
Fair value changes due to inputs and assumptions		-			-			(45	)		-			(45	)		-			-			70			-			70
Other changes in fair value		-			-			(20	)		-			(20	)		-			-			(60	)		-			(60	)

Balance, September 30, 2009		$113			$640			$783			$68			$1,604			$113			$640			$783			$68			$1,604

Balance, beginning of period		$85			$-			$1,298			$60			$1,443			$104			$604			$936			$67			$1,711
Designated at fair value (transfers from amortized cost)		-			-			-			-			-			-			(604	)		604			-			-
Fair value change due to fair value election		-			-			-			-			-			-			-			145			-			145
Amortization		(10	)		-			-			(3	)		(13	)		(29	)		-			-			(10	)		(39	)
MSRs originated		-			-			64			-			64			-			-			198			-			198
Fair value changes due to inputs and assumptions		-			-			(241	)		-			(241	)		-			-			(643	)		-			(643	)
Other changes in fair value		-			-			(49	)		-			(49	)		-			-			(168	)		-			(168	)

Balance, September 30, 2010		$75			$-			$1,072			$57			$1,204			$75			$-			$1,072			$57			$1,204


	Three Months Ended
	September 30 2010			June 30 2010			March 31 2010			December 31 2009			September 30 2009
COMMON SHARE ROLLFORWARD (000’s)
Beginning balance		499,929			499,858			499,157			499,147			498,786
Common shares issued/exchanged for employee benefit plans, stock option, and restricted stock activity		26			71			701			10			361

Ending balance		499,955			499,929			499,858			499,157			499,147

COMMON STOCK REPURCHASE ACTIVITY (000’s)
Number of common shares repurchased ¹		-			-			-			-			-
Average price per share of repurchased common shares		$-			$-			$-			$-			$-
Maximum number of common shares that may yet be purchased under repurchase plans or programs		30,000			30,000			30,000			30,000			30,000

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

Page 12

SunTrust Banks, Inc. and Subsidiaries

RECONCILEMENT OF NON-GAAP MEASURES

APPENDIX A TO THE EARNINGS RELEASE

(Dollars in millions, except per share data) (Unaudited)


	Three Months Ended															Nine Months Ended
	September 30 2010			June 30 2010			March 31 2010			December 31 2009			September 30 2009			September 30 2010			September 30 2009
NON-GAAP MEASURES PRESENTED IN THE EARNINGS RELEASE ⁸
Net income/(loss)		$153			$12			($161	)		($248	)		($317	)		$5			($1,316	)
Securities (gains)/losses, net of tax		(43	)		(35	)		(1	)		(45	)		(29	)		(79	)		(16	)

Net income/(loss) excluding securities (gains)/losses, net of tax		110			(23	)		(162	)		(293	)		(346	)		(74	)		(1,332	)
The Coca-Cola Company stock dividend, net of tax		(12	)		(12	)		(12	)		(11	)		(11	)		(36	)		(33	)

Net income/(loss) excluding securities (gains)/losses and The Coca-Cola Company stock dividend, net of tax		98			(35	)		(174	)		(304	)		(357	)		(110	)		(1,365	)
Preferred dividends, Series A		(2	)		(2	)		(2	)		(2	)		(2	)		(6	)		(12	)
U.S. Treasury preferred dividends and accretion of discount		(67	)		(66	)		(66	)		(66	)		(66	)		(199	)		(199	)
Dividends and undistributed earnings allocated to unvested shares		-			-			-			-			3			(1	)		16
Gain on purchase of Series A preferred stock		-			-			-			-			5			-			94

Net income/(loss) available to common shareholders excluding securities (gains)/losses and The Coca-Cola Company stock dividend		$29			($103	)		($242	)		($372	)		($417	)		($316	)		($1,466	)


Total average assets		$171,999			$171,273			$171,429			$174,041			$172,463			$171,569			$175,915
Average net unrealized securities gains		(2,395	)		(1,969	)		(1,884	)		(1,986	)		(1,607	)		(2,085	)		(1,486	)

Average assets less net unrealized securities gains		$169,604			$169,304			$169,545			$172,055			$170,856			$169,484			$174,429


Total average common shareholders’ equity		$18,159			$17,387			$17,419			$17,467			$17,556			$17,658			$17,135
Average accumulated other comprehensive income		(1,721	)		(998	)		(889	)		(698	)		(504	)		(1,206	)		(690	)

Total average realized common shareholders’ equity		$16,438			$16,389			$16,530			$16,769			$17,052			$16,452			$16,445


Return on average total assets		0.35	%		0.03	%		(0.38	) %		(0.57	) %		(0.73	) %		-	%		(1.00	) %
Impact of excluding net realized and unrealized securities (gains)/losses and The Coca-Cola Company stock dividend		(0.12	)		(0.11	)		(0.04	)		(0.13	)		(0.10	)		(0.09	)		(0.05	)

Return on average total assets less net unrealized securities gains ¹		0.23	%		(0.08	) %		(0.42	) %		(0.70	) %		(0.83	) %		(0.09	) %		(1.05	) %


Return on average common shareholders’ equity		1.83	%		(1.29	) %		(5.34	) %		(7.19	) %		(8.52	) %		(1.53	) %		(11.06	) %
Impact of excluding net realized and unrealized securities (gains)/losses and The Coca-Cola Company stock dividend		(1.13	)		(1.24	)		(0.59	)		(1.62	)		(1.18	)		(1.04	)		(0.85	)

Return on average realized common shareholders’ equity ²		0.70	%		(2.53	) %		(5.93	)%		(8.81	) %		(9.70	) %		(2.57	) %		(11.91	) %


Efficiency ratio ³		64.80	%		69.57	%		71.60	%		74.58	%		73.53	%		68.45	%		80.45	%
Impact of excluding amortization/impairment of goodwill/intangible assets other than MSRs		(0.56	)		(0.61	)		(0.69	)		(0.62	)		(0.71	)		(0.62	)		(12.51	)

Tangible efficiency ratio ⁴		64.24	%		68.96	%		70.91	%		73.96	%		72.82	%		67.83	%		67.94	%


Total shareholders’ equity		$23,438			$23,024			$22,620			$22,531			$22,908
Goodwill, net of deferred taxes		(6,192	)		(6,197	)		(6,202	)		(6,204	)		(6,205	)
Other intangible assets including MSRs, net of deferred taxes		(1,174	)		(1,409	)		(1,761	)		(1,671	)		(1,560	)
MSRs		1,072			1,298			1,641			1,539			1,423

Tangible equity		17,144			16,716			16,298			16,195			16,566
Preferred stock		(4,936	)		(4,929	)		(4,923	)		(4,917	)		(4,911	)

Tangible common equity		$12,208			$11,787			$11,375			$11,278			$11,655


Total assets		$174,703			$170,668			$171,796			$174,165			$172,718
Goodwill		(6,323	)		(6,323	)		(6,323	)		(6,319	)		(6,314	)
Other intangible assets including MSRs		(1,204	)		(1,443	)		(1,800	)		(1,711	)		(1,604	)
MSRs		1,072			1,298			1,641			1,539			1,423

Tangible assets		$168,248			$164,200			$165,314			$167,674			$166,223


Tangible equity to tangible assets ⁵		10.19	%		10.18	%		9.86	%		9.66	%		9.96	%
Tangible book value per common share ⁶		$24.42			$23.58			$22.76			$22.59			$23.35

Net interest income		$1,238			$1,178			$1,171			$1,176			$1,137			$3,587			$3,289
Taxable-equivalent adjustment		28			30			31			31			31			89			93

Net interest income - FTE		1,266			1,208			1,202			1,207			1,168			3,676			3,382
Noninterest income		1,047			952			698			742			775			2,697			2,968

Total revenue - FTE		2,313			2,160			1,900			1,949			1,943			6,373			6,350
Securities (gains)/losses, net		(69	)		(57	)		(2	)		(73	)		(47	)		(128	)		(25	)

Total revenue - FTE excluding net securities (gains)/losses ⁷		$2,244			$2,103			$1,898			$1,876			$1,896			$6,245			$6,325

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

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

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

⁴

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

⁵

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

⁶

SunTrust presents a tangible book value per common share that excludes the after-tax impact of purchase accounting intangible assets and also excludes preferred stock from tangible equity. The Company believes this measure is useful to investors because, by removing the effect of intangible assets that result from merger and acquisition activity as well as preferred stock (the level of which may vary from company to company), it allows investors to more easily compare the Company’s book value on common stock to other companies in the industry.

⁷

SunTrust presents total revenue - FTE excluding net securities (gains)/losses. The Company believes noninterest income without net securities (gains)/losses is more indicative of the Company’s performance because it isolates income that is primarily client relationship and client transaction driven and is more indicative of normalized operations.

⁸

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

Page 13

SunTrust Banks, Inc. and Subsidiaries

RECONCILEMENT OF NON-GAAP MEASURES

APPENDIX A TO THE EARNINGS RELEASE, continued

(Dollars in millions, except per share data) (Unaudited)


	Three Months Ended															Nine Months Ended
	September 30 2010			June 30 2010			March 31 2010			December 31 2009			September 30 2009			September 30 2010			September 30 2009
NON-GAAP MEASURES PRESENTED IN THE EARNINGS RELEASE ²
Total noninterest expense		$1,499			$1,503			$1,361			$1,454			$1,429			$4,362			$5,109
Goodwill/intangible impairment charges other than MSRs		-			-			-			-			-			-			751

Total noninterest expense excluding goodwill/intangible impairment charges other than MSRs¹		$1,499			$1,503			$1,361			$1,454			$1,429			$4,362			$4,358


Net income/(loss)		$153			$12			($161	)		($248	)		($317	)		$5			($1,316	)
Goodwill/intangible impairment charges other than MSRs, after tax		-			-			-			-			-			-			724

Net income/(loss) excluding goodwill/intangible impairment charges other than MSRs, after tax¹		$153			$12			($161	)		($248	)		($317	)		$5			($592	)


Net income/(loss) available to common shareholders		$84			($56	)		($229	)		($316	)		($377	)		($201	)		($1,417	)
Goodwill/intangible impairment charges other than MSRs attributable to common shareholders, after tax		-			-			-			-			-			-			715

Net income/(loss) available to common shareholders excluding goodwill/intangible impairment charges other than MSRs, after tax¹		$84			($56	)		($229	)		($316	)		($377	)		($201	)		($702	)


Net income/(loss) per average common share, diluted		$0.17			($0.11	)		($0.46	)		($0.64	)		($0.76	)		($0.41	)		($3.41	)
Impact of excluding goodwill/intangible impairment charges other than MSRs attributable to common shareholders, after tax		-			-			-			-			-			-			1.72

Net income/(loss) per average diluted common share, excluding goodwill/intangible impairment charges other than MSRs, after tax¹		$0.17			($0.11	)		($0.46	)		($0.64	)		($0.76	)		($0.41	)		($1.69	)




SUPPLEMENTAL INCOME STATEMENT RECONCILIATION
Net income/(loss)		$153			$12			($161	)		($248	)		($317	)		$5			($1,316	)
Preferred dividends, Series A		(2	)		(2	)		(2	)		(2	)		(2	)		(6	)		(12	)
U.S. Treasury preferred dividends and accretion of discount		(67	)		(66	)		(66	)		(66	)		(66	)		(199	)		(199	)
Dividends and undistributed earnings allocated to unvested shares		-			-			-			-			3			(1	)		16
Gain on purchase of Series A preferred stock		-			-			-			-			5			-			94

Net income/(loss) available to common shareholders		$84			($56	)		($229	)		($316	)		($377	)		($201	)		($1,417	)

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

Page 14

SunTrust Banks, Inc. and Subsidiaries

RETAIL BANKING LINE OF BUSINESS

(Dollars in thousands) (Unaudited)


	Three Months Ended									Nine Months Ended
	September 30 2010			September 30 2009			% Change³			September 30 2010			September 30 2009			% Change³

Statements of Income

Net interest income¹		$640,725			$599,677			7	%		$1,901,966			$1,735,823			10	%
FTE adjustment		9			12			(25	)		28			45			(38	)

Net interest income - FTE		640,734			599,689			7			1,901,994			1,735,868			10
Provision for credit losses²		229,385			328,326			(30	)		764,825			941,791			(19	)

Net interest income after provision for credit losses - FTE		411,349			271,363			52			1,137,169			794,077			43


Noninterest income before securities gains/(losses)		278,009			295,716			(6	)		855,686			857,033			-
Securities gains/(losses), net		-			-			-			-			-			-

Total noninterest income		278,009			295,716			(6	)		855,686			857,033			-


Noninterest expense before amortization/impairment of goodwill/intangible assets		602,536			566,444			6			1,789,581			1,722,141			4
Amortization/impairment of goodwill/intangible assets		10,052			10,536			(5	)		30,272			206,300			(85	)

Total noninterest expense		612,588			576,980			6			1,819,853			1,928,441			(6	)


Income/(loss) before provision/(benefit) for income taxes		76,770			(9,901	)		NM			173,002			(277,331	)		NM
Provision/(benefit) for income taxes		28,139			(3,730	)		NM			63,032			(104,249	)		NM
FTE adjustment		9			12			(25	)		28			45			(38	)

Net income/(loss) including income attributable to noncontrolling interest		48,622			(6,183	)		NM			109,942			(173,127	)		NM
Less: net income attributable to noncontrolling interest		-			-			-			-			-			-

Net income/(loss)		$48,622			($6,183	)		NM			$109,942			($173,127	)		NM


Total revenue - FTE		$918,743			$895,405			3			$2,757,680			$2,592,901			6

Selected Average Balances

Total loans		$33,324,896			$32,974,511			1	%		$32,851,824			$33,440,008			(2	) %
Goodwill		4,854,582			4,854,582			-			4,854,582			4,910,103			(1	)
Other intangible assets excluding MSRs		87,012			126,428			(31	)		97,356			137,329			(29	)
Total assets		38,892,934			38,859,492			-			38,654,361			39,565,029			(2	)
Consumer and commercial deposits		75,278,806			73,587,107			2			74,714,547			72,644,950			3

Performance Ratios

Efficiency ratio		66.68	%		64.44	%					65.99	%		74.37	%
Impact of excluding amortization/impairment of goodwill/intangible assets		(4.91	)		(5.13	)					(4.90	)		(12.25	)

Tangible efficiency ratio		61.77	%		59.31	%					61.09	%		62.12	%

¹	Net interest income does not include the funding benefit that would result from holding shareholders’ equity at the line of business level due to the fact that shareholder’s equity is not allocated to the lines of business at this time.

²	Provision for credit losses represents net charge-offs for the lines of business.

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

Page 15

SunTrust Banks, Inc. and Subsidiaries

DIVERSIFIED COMMERCIAL BANKING LINE OF BUSINESS

(Dollars in thousands) (Unaudited)


	Three Months Ended									Nine Months Ended
	September 30 2010			September 30 2009			% Change³			September 30 2010			September 30 2009			% Change³

Statements of Income

Net interest income¹		$139,736			$122,947			14	%		$399,094			$338,985			18	%
FTE adjustment		25,940			26,820			(3	)		79,571			80,225			(1	)

Net interest income - FTE		165,676			149,767			11			478,665			419,210			14
Provision for credit losses²		23,395			20,477			14			87,622			84,926			3

Net interest income after provision for credit losses - FTE		142,281			129,290			10			391,043			334,284			17


Noninterest income before securities gains/(losses)		59,371			63,615			(7	)		165,857			181,294			(9	)
Securities gains/(losses), net		-			-			-			-			-			-

Total noninterest income		59,371			63,615			(7	)		165,857			181,294			(9	)


Noninterest expense before amortization of intangible assets		104,985			111,669			(6	)		330,401			348,403			(5	)
Amortization of intangible assets		-			-			-			-			-			-

Total noninterest expense		104,985			111,669			(6	)		330,401			348,403			(5	)


Income before provision/(benefit) for income taxes		96,667			81,236			19			226,499			167,175			35
Provision/(benefit) for income taxes		10,056			3,300			NM			4,925			(19,975	)		NM
FTE adjustment		25,940			26,820			(3	)		79,571			80,225			(1	)


Net income including income attributable to noncontrolling interest		60,671			51,116			19			142,003			106,925			33
Less: net income attributable to noncontrolling interest		-			-			-			-			-			-

Net income		$60,671			$51,116			19			$142,003			$106,925			33


Total revenue - FTE		$225,047			$213,382			5			$644,522			$600,504			7

Selected Average Balances

Total loans		$22,130,884			$24,409,631			(9	) %		$22,503,738			$24,888,074			(10	) %
Goodwill		927,520			927,520			-			927,520			927,520			-
Total assets		24,383,540			26,850,350			(9	)		24,820,306			27,246,051			(9	)
Consumer and commercial deposits		17,736,424			18,180,543			(2	)		18,417,569			16,658,934			11

Performance Ratios

Efficiency ratio		46.65	%		52.33	%					51.26	%		58.02	%
Impact of excluding amortization of intangible assets		(2.11	)		(2.59	)					(2.43	)		(3.02	)

Tangible efficiency ratio		44.54	%		49.74	%					48.83	%		55.00	%

¹	Net interest income does not include the funding benefit that would result from holding shareholders’ equity at the line of business level due to the fact that shareholder’s equity is not allocated to the lines of business at this time.

²	Provision for credit losses represents net charge-offs for the lines of business.

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

Page 16

SunTrust Banks, Inc. and Subsidiaries

COMMERCIAL REAL ESTATE LINE OF BUSINESS

(Dollars in thousands) (Unaudited)


	Three Months Ended									Nine Months Ended
	September 30 2010			September 30 2009			% Change³			September 30 2010			September 30 2009			% Change³
Statements of Income

Net interest income¹		$37,742			$44,218			(15	) %		$121,653			$130,509			(7	) %
FTE adjustment		11			9			22			30			29			3

Net interest income - FTE		37,753			44,227			(15	)		121,683			130,538			(7	)
Provision for credit losses²		156,228			147,470			6			344,002			263,741			30

Net interest income after provision for credit losses - FTE		(118,475	)		(103,243	)		15			(222,319	)		(133,203	)		67


Noninterest income before securities gains/(losses)		21,398			19,461			10			61,195			71,364			(14	)
Securities gains/(losses), net		-			-			-			-			-			-

Total noninterest income		21,398			19,461			10			61,195			71,364			(14	)


Noninterest expense before amortization/impairment of goodwill/intangible assets		121,397			158,663			(23	)		333,363			306,008			9
Amortization/impairment of goodwill/intangible assets		-			-			-			-			299,241			(100	)

Total noninterest expense		121,397			158,663			(23	)		333,363			605,249			(45	)


Loss before benefit for income taxes		(218,474	)		(242,445	)		(10	)		(494,487	)		(667,088	)		(26	)
Provision/(benefit) for income taxes		(105,261	)		(101,773	)		3			(249,802	)		(193,509	)		29
FTE adjustment		11			9			22			30			29			3

Net loss including income attributable to noncontrolling interest		(113,224	)		(140,681	)		(20	)		(244,715	)		(473,608	)		(48	)
Less: net income attributable to noncontrolling interest		-			-			-			-			-			-

Net loss		($113,224	)		($140,681	)		(20	)		($244,715	)		($473,608	)		(48	)


Total revenue - FTE		$59,151			$63,688			(7	)		$182,878			$201,902			(9	)

Selected Average Balances

Total loans		$9,286,914			$12,100,601			(23	) %		$10,016,353			$12,717,158			(21	) %
Goodwill		-			-			-			-			98,651			(100	)
Total assets		10,304,780			13,199,325			(22	)		11,076,118			13,854,126			(20	)
Consumer and commercial deposits		1,435,838			2,057,839			(30	)		1,592,248			1,798,786			(11	)

Performance Ratios

Efficiency ratio		205.23	%		249.13	%					182.29	%		299.77	%
Impact of excluding amortization/impairment of goodwill/intangible assets		-			-						-			(150.79	)

Tangible efficiency ratio		205.23	%		249.13	%					182.29	%		148.98	%

¹	Net interest income does not include the funding benefit that would result from holding shareholders’ equity at the line of business level due to the fact that shareholder’s equity is not allocated to the lines of business at this time.

²	Provision for credit losses represents net charge-offs for the lines of business.

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

Page 17

SunTrust Banks, Inc. and Subsidiaries

CORPORATE AND INVESTMENT BANKING LINE OF BUSINESS

(Dollars in thousands) (Unaudited)


	Three Months Ended									Nine Months Ended
	September 30 2010			September 30 2009			% Change³			September 30 2010			September 30 2009			% Change³

Statements of Income

Net interest income¹		$98,675			$69,344			42	%		$273,172			$222,268			23	%
FTE adjustment		350			449			(22	)		1,132			1,929			(41	)

Net interest income - FTE		99,025			69,793			42			274,304			224,197			22
Provision for credit losses²		341			115,289			(100	)		36,505			235,718			(85	)

Net interest income after provision for credit losses - FTE		98,684			(45,496	)		NM			237,799			(11,521	)		NM


Noninterest income before securities gains/(losses)		195,277			172,709			13			447,183			497,300			(10	)
Securities gains/(losses), net		-			-			-			-			-			-

Total noninterest income		195,277			172,709			13			447,183			497,300			(10	)


Noninterest expense before amortization of intangible assets		119,995			123,131			(3	)		350,637			363,509			(4	)
Amortization of intangible assets		-			122			(100	)		-			366			(100	)

Total noninterest expense		119,995			123,253			(3	)		350,637			363,875			(4	)


Income before provision for income taxes		173,966			3,960			NM			334,345			121,904			NM
Provision/(benefit) for income taxes		65,224			1,064			NM			125,104			44,451			NM
FTE adjustment		350			449			(22	)		1,132			1,929			(41	)

Net income including income attributable to noncontrolling interest		108,392			2,447			NM			208,109			75,524			NM
Less: net income attributable to noncontrolling interest		7			-			-			15			-			-

Net income		$108,385			$2,447			NM			$208,094			$75,524			NM


Total revenue - FTE		$294,302			$242,502			21			$721,487			$721,497			-

Selected Average Balances

Total loans		$11,306,689			$12,256,490			(8	) %		$11,062,236			$13,688,417			(19	) %
Goodwill		180,008			180,008			-			180,008			180,008			-
Other intangible assets excluding MSRs		-			60			(100	)		-			184			(100	)
Total assets		21,258,370			19,810,510			7			19,947,114			22,487,988			(11	)
Consumer and commercial deposits		6,867,894			5,258,516			31			6,424,034			5,884,111			9

Performance Ratios

Efficiency ratio		40.77	%		50.83	%					48.60	%		50.43	%
Impact of excluding amortization of intangible assets		(0.28	)		(0.50	)					(0.42	)		(0.49	)

Tangible efficiency ratio		40.49	%		50.33	%					48.18	%		49.94	%

¹	Net interest income does not include the funding benefit that would result from holding shareholders’ equity at the line of business level due to the fact that shareholder’s equity is not allocated to the lines of business at this time.

²	Provision for credit losses represents net charge-offs for the lines of business.

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

Page 18

SunTrust Banks, Inc. and Subsidiaries

MORTGAGE LINE OF BUSINESS

(Dollars in thousands) (Unaudited)


	Three Months Ended									Nine Months Ended
	September 30 2010			September 30 2009			% Change³			September 30 2010			September 30 2009			% Change³

Statements of Income

Net interest income¹		$118,201			$123,364			(4	) %		$321,043			$393,406			(18	) %
FTE adjustment		-			-			-			-			-			-

Net interest income - FTE		118,201			123,364			(4	)		321,043			393,406			(18	)
Provision for credit losses²		265,422			354,935			(25	)		956,028			828,417			15


Net interest income after provision for credit losses - FTE		(147,221	)		(231,571	)		(36	)		(634,985	)		(435,011	)		46

Noninterest income before securities gains/(losses)		271,903			82,707			NM			398,762			724,706			(45	)
Securities gains/(losses), net		(37	)		(2,407	)		(98	)		(1,991	)		(28,458	)		(93	)

Total noninterest income		271,866			80,300			NM			396,771			696,248			(43	)


Noninterest expense before amortization/impairment of goodwill/intangible assets		294,417			264,941			11			806,987			875,906			(8	)
Amortization/impairment of goodwill/intangible assets		-			30			(100	)		-			279,088			(100	)

Total noninterest expense		294,417			264,971			11			806,987			1,154,994			(30	)


Loss before benefit for income taxes		(169,772	)		(416,242	)		(59	)		(1,045,201	)		(893,757	)		17
Provision/(benefit) for income taxes		(65,499	)		(159,707	)		(59	)		(399,877	)		(188,189	)		NM
FTE adjustment		-			-			-			-			-			-

Net loss including income attributable to noncontrolling interest		(104,273	)		(256,535	)		(59	)		(645,324	)		(705,568	)		(9	)
Less: net income attributable to noncontrolling interest		161			441			(63	)		602			2,617			(77	)

Net loss		($104,434	)		($256,976	)		(59	)		($645,926	)		($708,185	)		(9	)


Total revenue - FTE		$390,067			$203,664			92			$717,814			$1,089,654			(34	)

Selected Average Balances

Total loans		$29,043,838			$29,486,318			(2	) %		$28,864,595			$29,815,152			(3	) %
Goodwill		-			-			-			-			93,390			(100	)
Other intangible assets excluding MSRs		-			15			(100	)		-			45			(100	)
Total assets		34,556,200			37,101,968			(7	)		34,626,981			37,936,837			(9	)
Consumer and commercial deposits		3,440,021			3,225,500			7			2,881,256			3,263,513			(12	)

Performance Ratios

Efficiency ratio		75.48	%		130.10	%					112.42	%		106.00	%
Impact of excluding amortization/impairment of goodwill/intangible assets		-			(0.01	)					-			(25.86	)

Tangible efficiency ratio		75.48	%		130.09	%					112.42	%		80.14	%


Other Information

Production Data
Channel mix
Retail	$	4,002,852		$	5,781,415			(31	) %	$	11,021,477		$	20,300,706			(46	) %
Wholesale		1,863,225			2,681,935			(31	)		4,800,783			10,541,033			(54	)
Correspondent		2,097,415			3,087,552			(32	)		4,781,822			10,872,083			(56	)

Total production	$	7,963,492		$	11,550,902			(31	)	$	20,604,082		$	41,713,822			(51	)


Channel mix - percent
Retail		50	%		50	%					54	%		49	%
Wholesale		23			23						23			25
Correspondent		27			27						23			26

Total production		100	%		100	%					100	%		100	%


Purchase and refinance mix
Refinance	$	5,249,918		$	6,915,511			(24	)	$	11,930,669		$	30,365,749			(61	)
Purchase		2,713,574			4,635,391			(41	)		8,673,413			11,348,073			(24	)

Total production	$	7,963,492		$	11,550,902			(31	)	$	20,604,082		$	41,713,822			(51	)


Purchase and refinance mix - percent
Refinance		66	%		60	%					58	%		73	%
Purchase		34			40						42			27

Total production		100	%		100	%					100	%		100	%


Applications		$16,435,881			$13,356,169			23			$39,222,933			$62,504,748			(37	)

Mortgage Servicing Data (End of Period)
Total loans serviced		$176,550,018			$177,557,012			(1	) %
Total loans serviced for others		143,580,297			145,179,846			(1	)
Net carrying value of MSRs		1,071,904			1,422,716			(25	)
Ratio of net carrying value of MSRs to total loans serviced for others		0.747	%		0.980	%

¹	Net interest income does not include the funding benefit that would result from holding shareholders’ equity at the line of business level due to the fact that shareholder’s equity is not allocated to the lines of business at this time.

²	Provision for credit losses represents net charge-offs for the lines of business.

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

Page 19

SunTrust Banks, Inc. and Subsidiaries

WEALTH AND INVESTMENT MANAGEMENT LINE OF BUSINESS

(Dollars in thousands) (Unaudited)


	Three Months Ended									Nine Months Ended
	September 30 2010			September 30 2009			% Change³			September 30 2010			September 30 2009			% Change³

Statements of Income

Net interest income¹		$112,161			$104,540			7	%		$328,228			$291,296			13	%
FTE adjustment		5			4			25			13			23			(43)

Net interest income - FTE		112,166			104,544			7			328,241			291,319			13
Provision for credit losses²		15,152			39,165			(61	)		44,202			61,420			(28)

Net interest income after provision for credit losses - FTE		97,014			65,379			48			284,039			229,899			24


Noninterest income before securities gains/(losses)		196,377			187,249			5			578,894			547,159			6
Securities gains/(losses), net		(21	)		(364	)		(94	)		19			(240	)		NM

Total noninterest income		196,356			186,885			5			578,913			546,919			6


Noninterest expense before amortization of intangible assets		228,623			201,619			13			663,540			627,205			6
Amortization of intangible assets		2,958			2,951			-			8,897			9,411			(5	)

Total noninterest expense		231,581			204,570			13			672,437			636,616			6


Income before provision for income taxes		61,789			47,694			30			190,515			140,202			36
Provision/(benefit) for income taxes		22,833			18,032			27			71,549			53,112			35
FTE adjustment		5			4			25			13			23			(43	)

Net income including income attributable to noncontrolling interest		38,951			29,658			31			118,953			87,067			37
Less: net income attributable to noncontrolling interest		1,337			-			-			1,472			-			-

Net income		$37,614			$29,658			27			$117,481			$87,067			35


Total revenue - FTE		$308,522			$291,429			6			$907,154			$838,238			8

Selected Average Balances

Total loans		$8,041,320			$8,282,461			(3	) %		$8,079,008			$8,332,394			(3	) %
Goodwill		360,918			352,272			2			359,959			346,862			4
Other intangible assets excluding MSRs		48,618			57,819			(16	)		51,652			60,664			(15	)
Total assets		9,130,232			9,081,566			1			9,137,264			9,104,574			-
Consumer and commercial deposits		11,735,359			11,462,672			2			11,525,440			10,937,841			5

Performance Ratios

Efficiency ratio		75.06	%		70.20	%					74.13	%		75.95	%
Impact of excluding amortization of intangible assets		(2.07	)		(2.16	)					(2.12	)		(2.40	)

Tangible efficiency ratio		72.99	%		68.04	%					72.01	%		73.55	%


Other Information (End of Period)

Assets under administration
Managed (discretionary) assets		$107,926,569			$114,326,130			(6	) %
Non-managed assets		44,734,972			46,603,904			(4	)

Total assets under administration		152,661,541			160,930,034			(5	)


Brokerage assets		33,893,710			30,813,365			10
Corporate trust assets		9,117,757			8,159,866			12

Total assets under advisement		$195,673,008			$199,903,265			(2	)

¹	Net interest income does not include the funding benefit that would result from holding shareholders’ equity at the line of business level due to the fact that shareholder’s equity is not allocated to the lines of business at this time.

²	Provision for credit losses represents net charge-offs for the lines of business.

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

Page 20

SunTrust Banks, Inc. and Subsidiaries

CORPORATE OTHER AND TREASURY

(Dollars in thousands) (Unaudited)


	Three Months Ended									Nine Months Ended
	September 30 2010			September 30 2009			% Change²			September 30 2010			September 30 2009			% Change²

Statements of Income

Net interest income		$90,290			$73,368			23	%		$241,941			$176,926			37	%
FTE adjustment		2,328			3,422			(32	)		8,389			10,752			(22	)

Net interest income - FTE		92,618			76,790			21			250,330			187,678			33
Provision for credit losses¹		(74,992	)		128,267			NM			(94,580	)		674,195			NM

Net interest income after provision for credit losses - FTE		167,610			(51,477	)		NM			344,910			(486,517	)		NM


Noninterest income before securities gains/(losses)		(44,731	)		(93,098	)		(52	)		61,672			63,938			(4	)
Securities gains/(losses), net		69,399			49,463			40			129,827			53,868			NM

Total noninterest income		24,668			(43,635	)		NM			191,499			117,806			63


Noninterest expense before amortization of intangible assets		13,892			(11,361	)		NM			48,269			70,958			(32	)
Amortization of intangible assets		100			102			(2	)		300			306			(2	)

Total noninterest expense		13,992			(11,259	)		NM			48,569			71,264			(32	)


Income/(loss) before provision/(benefit) for income taxes		178,286			(83,853	)		NM			487,840			(439,975	)		NM
Provision/(benefit) for income taxes		58,272			(93,242	)		NM			154,907			(227,431	)		NM
FTE adjustment		2,328			3,422			(32	)		8,389			10,752			(22	)

Net income/(loss) including income attributable to noncontrolling interest		117,686			5,967			NM			324,544			(223,296	)		NM
Less: net income attributable to noncontrolling interest		2,266			2,289			(1	)		6,799			6,868			(1	)

Net income/(loss)		$115,420			$3,678			NM			$317,745			($230,164	)		NM


Total revenue - FTE		$117,286			$33,155			NM			$441,829			$305,484			45

Selected Average Balances

Total loans		$187,676			$286,200			(34	) %		$209,164			$182,902			14	%
Securities available for sale		26,335,558			22,177,238			19			25,787,037			20,032,651			29
Goodwill		-			-			-			-			(1	)		100
Other intangible assets excluding MSRs		3,465			3,866			(10	)		3,568			3,967			(10	)
Total assets		33,473,197			27,560,010			21			33,307,238			25,720,248			29
Consumer and commercial deposits		738,563			714,256			3			711,834			680,373			5

Other Information

Duration of investment portfolio		3.0	%		2.5	%

Accounting net interest income interest rate sensitivity³:
% Change in net interest income under:
Instantaneous 100 bp increase in rates over next 12 months		0.9	%		2.3	%
Instantaneous 100 bp decrease in rates over next 12 months		0.4	%		(0.6	) %

Economic net interest income interest rate sensitivity³:
% Change in net interest income under:
Instantaneous 100 bp increase in rates over next 12 months		0.6	%		1.8	%
Instantaneous 100 bp decrease in rates over next 12 months		0.5	%		(0.3	) %

¹	Provision for credit losses is the difference between net charge-offs recorded by the lines of business and consolidated provision for credit losses.

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

The recognition of interest rate sensitivity from an accounting perspective is different from the economic perspective due to the election of fair value accounting for certain long term debt and the related interest rate swaps. The net interest income sensitivity profile from an economic perspective assumes the net interest payments from the related swaps were included in net interest income.

Page 21

SunTrust Banks, Inc. and Subsidiaries

CONSOLIDATED - SEGMENT TOTALS

(Dollars in thousands) (Unaudited)


	Three Months Ended									Nine Months Ended
	September 30 2010			September 30 2009			% Change¹			September 30 2010			September 30 2009			% Change¹

Statements of Income

Net interest income		$1,237,530			$1,137,458			9	%		$3,587,097			$3,289,213			9	%
FTE adjustment		28,643			30,716			(7	)		89,163			93,003			(4	)

Net interest income - FTE		1,266,173			1,168,174			8			3,676,260			3,382,216			9
Provision for credit losses		614,931			1,133,929			(46	)		2,138,604			3,090,208			(31	)

Net interest income after provision for credit losses - FTE		651,242			34,245			NM			1,537,656			292,008			NM


Noninterest income before securities gains/(losses)		977,604			728,359			34			2,569,249			2,942,794			(13	)
Securities gains/(losses), net		69,341			46,692			49			127,855			25,170			NM

Total noninterest income		1,046,945			775,051			35			2,697,104			2,967,964			(9	)


Noninterest expense before amortization/impairment of goodwill/intangible assets		1,485,845			1,415,106			5			4,322,778			4,314,130			-
Amortization/impairment of goodwill/intangible assets		13,110			13,741			(5	)		39,469			794,712			(95	)

Total noninterest expense		1,498,955			1,428,847			5			4,362,247			5,108,842			(15	)


Income/(loss) before provision/(benefit) for income taxes		199,232			(619,551	)		NM			(127,487	)		(1,848,870	)		(93	)
Provision/(benefit) for income taxes		13,764			(336,056	)		NM			(230,162	)		(635,790	)		(64	)
FTE adjustment		28,643			30,716			(7	)		89,163			93,003			(4	)

Net income/(loss) including income attributable to noncontrolling interest		156,825			(314,211	)		NM			13,512			(1,306,083	)		NM
Less: net income attributable to noncontrolling interest		3,771			2,730			38			8,888			9,485			(6	)

Net income/(loss)		$153,054			($316,941	)		NM			$4,624			($1,315,568	)		100


Total revenue - FTE		$2,313,118			$1,943,225			19			$6,373,364			$6,350,180			-

Selected Average Balances

Total loans		$113,322,217			$119,796,212			(5	) %		$113,586,918			$123,064,105			(8	) %
Goodwill		6,323,028			6,314,382			-			6,322,069			6,556,533			(4	)
Other intangible assets excluding MSRs		139,095			188,188			(26	)		152,576			202,189			(25	)
Total assets		171,999,253			172,463,221			-			171,569,382			175,914,853			(2	)
Consumer and commercial deposits		117,232,905			114,486,433			2			116,266,928			111,868,508			4

Performance Ratios

Efficiency ratio		64.80	%		73.53	%					68.45	%		80.45	%
Impact of excluding amortization/impairment of goodwill/intangible assets		(0.56	)		(0.71	)					(0.62	)		(12.51	)

Tangible efficiency ratio		64.24	%		72.82	%					67.83	%		67.94	%

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

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SUNTRUST BANKS INC - FORM 8-K - EX-99.1 - NEW RELEASE - October 21, 2010

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