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SunTrust Reports Third Quarter 2005 Earnings

Loan and Fee Income Growth Drive Another Quarter of Strong Results

PRNewswire-FirstCall
ATLANTA
Oct 18, 2005

SunTrust Banks, Inc. today reported net income for the third quarter of 2005 of $510.8 million, as compared to $368.8 million generated during the third quarter of 2004. Net income per diluted share was $1.40, up 8% from the third quarter of 2004. Operating net income per diluted share was $1.42, up 9% from the third quarter of 2004. Operating net income does not include $7.5 million of after- tax merger charges incurred in the third quarter of 2005 associated with SunTrust's acquisition of National Commerce Financial Corporation (NCF), which closed on October 1, 2004.

"We're pleased to report another quarter of strong results and, in particular, positive operating leverage led by especially robust revenue growth. SunTrust's concentrated, corporate-wide sales focus continues to pay off in strong across-the-board loan growth and record mortgage production as we continue to tap the opportunities that lie within our high-growth markets," said L. Phillip Humann, SunTrust Chairman and Chief Executive Officer. Mr. Humann also noted that SunTrust continues to demonstrate consistently effective expense discipline as indicated by the 3% core expense growth for the first nine months of 2005 as compared to the same period of 2004 on an estimated historical combined basis. Finally, Mr. Humann said that credit quality trends continue to run better than historical experience although SunTrust reported a modest and entirely predictable uptick in net charge-offs in the third quarter.

Discussion of Historical Results and Estimated Historical Combined Results

In order to assist investors with comparing the financial results of the now-combined SunTrust and NCF, estimated historical combined information for the third quarter and first nine months of 2004 is presented as if the merger had been completed at the beginning of the periods presented. In management's view, the estimated historical combined financial results assist investors in better understanding the comparative performance and underlying growth dynamics of the combined Company. For further information regarding the estimated historical combined financial information, including reconciliations of certain financial information, please see Appendix B.

Furthermore, NCF's systems applications were converted to SunTrust's systems applications on April 22, 2005. In some cases, NCF classified loans and deposits differently for financial reporting compared to the SunTrust methodology. While prior to the conversion NCF loan and deposit accounts were mapped as closely as possible to SunTrust classifications, it was anticipated that additional reclassifications could occur once the systems conversions were completed. As a result, to better ascertain underlying growth dynamics of the combined Company, sequential annualized growth rates adjusted for estimated reclassifications have been provided. In management's view, sequential annualized growth rates adjusted for estimated reclassifications assist investors in better understanding the comparative performance and underlying growth dynamics of loans and deposits for the combined Company. For further information regarding the consolidated daily average balances for loans and deposits for the second quarter of 2005, adjusted for estimated reclassifications that arose as a result of the systems conversions, please see Appendix C.

  Third Quarter 2005 Summary:
                                                       Estimated
                                                       Historical  Estimated
                                                        Combined  Historical
                    3rd Quarter  3rd Quarter  Reported 3rd Quarter  Combined
                         2005       2004     % Change     2004      % Change
  Income Statement
  (Dollars in
   millions except
   per share data)
  Net income            $510.8      $368.8       39%       $436.4       17%
  Operating net
   income (1)            518.3       368.8       41%        436.4       19%
  Net income per
   diluted share          1.40        1.30        8%           NR

  Operating net
   income per diluted
   share (2)              1.42        1.30         9%          NR
  Revenue              2,008.1     1,521.4        32%     1,832.6       10%
  Noninterest expense  1,177.1       929.8        27%     1,117.4        5%
  Noninterest expense
   before affordable
   housing impairment
   charges,
   amortization of
   intangible assets
   and merger expense  1,109.6       905.3        23%     1,080.2        3%
  Efficiency ratio      58.62%      61.12%                    NR
  Operating efficiency
   ratio (3)            58.01%      61.12%                    NR
  Balance Sheet
  (Dollars in billions)
  Average loans         $110.8       $83.8        32%       $98.1       13%
  Average customer
   deposits               94.1        74.1        27%        87.9        7%
  Asset Quality
  (Dollars in millions)
  Net charge-offs to
   average loans         0.27%       0.24%                    NR
  Net charge-offs        $76.7       $51.0        50%         NR

   - Total average loans increased 13% and total average consumer and
     commercial deposits increased 7% from the third quarter of 2004 on an
     estimated historical combined basis, reflecting the effectiveness of
     SunTrust's company-wide sales focus.
   - Net income increased 17% from the third quarter of 2004 on an estimated
     historical combined basis, and operating net income, which excludes
     merger expenses, increased 19%.
   - Total revenue increased 10% from the third quarter of 2004 on an
     estimated historical combined basis, driven by fully taxable net
     interest income growth of 8% and noninterest income growth of 12%.
   - Noninterest expense before affordable housing impairment charges,
     amortization of intangible assets and merger expense increased only 3%
     from the third quarter of 2004 on an estimated historical combined
     basis, continuing evidence of the focus on expense management.
   - Revenue growth combined with expense management led to positive
     operating leverage as evidenced by the efficiency ratio improvement
     from the third quarter of 2004, especially in the operating efficiency
     ratio.  The efficiency ratio for the third quarter of 2005 was 58.62%,
     a 250 basis point decrease from the third quarter of 2004.  The
     operating efficiency ratio, which excludes merger expenses, was 58.01%,
     a 311 basis point decrease from the operating efficiency ratio in the
     third quarter of 2004.
   - Net charge-offs were 0.27% of average loans, up slightly from 0.24% of
     average loans in the third quarter of 2004.  The charge-off related to
     Delta Airlines represents six basis points of the ratio this quarter

   (1) Excludes 3rd quarter 2005 merger related expenses, net of taxes,
       which totaled $7.5 million.
   (2) Excludes 3rd quarter 2005 merger related expenses, net of taxes, per
       diluted share of $0.02.
   (3) Excludes 3rd quarter 2005 pretax merger related expenses of $12.1
       million which had the effect of reducing the efficiency ratio by 61
       basis points.
   NR - Not reported.

  Financial Performance

For the quarter, reported return on average total assets (ROA) was 1.19% and return on average total equity (ROE) was 12.05%. Excluding net realized and unrealized securities gains and losses and dividends from The Coca-Cola Company, return on average assets was 1.18% and return on average realized equity was 12.81%. Operating ROA and ROE, which excludes merger charges, was 1.21% and 12.22%, respectively.

For the first nine months of 2005, the Company reported net income of $1,468.8 million, up from $1,117.2 million earned in the same period in 2004. Net income per diluted share was $4.04, up from $3.94 earned in the same period in 2004. Operating net income per diluted share was $4.20 for the first nine months of 2005, up 7% from the same period in 2004. ROA for the first nine months of 2005 was 1.19% and ROE was 11.97%. Excluding net realized and unrealized securities gains and losses and dividends from The Coca-Cola Company, return on average assets was 1.18% and return on average realized equity was 12.68%.

Revenue

Total revenue was $2,008.1 million for the third quarter of 2005, up from $1,521.4 million in the third quarter of 2004. Total revenue was up 10% from the third quarter of 2004 on an estimated historical combined basis. Revenue growth was driven by increases in both net interest income and noninterest income.

For the first nine months of 2005, total revenue was $5,804.5 million, up from $4,488.1 million for the same period in 2004. For the first nine months of 2005, total revenue was up 7% from the same period in 2004 on an estimated historical combined basis. Revenue growth for the first nine months of 2005 was also driven by increases in both net interest income and noninterest income.

Net Interest Income

Fully taxable net interest income was $1,175.7 million in the third quarter of 2005, up from $893.7 million in the third quarter of 2004. Fully taxable net interest income was up 8% from the third quarter of 2004 on an estimated historical combined basis. The primary factor driving the net interest income growth year-over-year has been strong loan growth. Loans have grown 13% on average from the third quarter of 2004 on an estimated historical combined basis. The net interest margin of 3.12% for the third quarter of 2005 was down four basis points from the second quarter of 2005 primarily due to an increase in loans held for sale at a compressed margin. Loans held for sale increased by $1.8 billion on average, or 26%, in the third quarter from the second quarter of 2005. Although net interest margin declined in the third quarter of 2005, fully taxable net interest income increased $33.3 million, or 12%, in the third quarter compared to the second quarter of 2005 on a sequential annualized basis.

For the first nine months of 2005, fully taxable net interest income was $3,447.4 million, up from $2,642.7 million for the same period in 2004. For the first nine months of 2005, fully taxable net interest income was up 7% from the same period in 2004 on an estimated historical combined basis.

Noninterest Income

Total noninterest income was $832.4 million for the third quarter of 2005, up from $627.7 million for the third quarter of 2004. Total noninterest income for the third quarter was up 12% from the third quarter of 2004 on an estimated historical combined basis. Comparing the third quarter to the second quarter of 2005, total noninterest income excluding securities gains and losses and the net gain on sale of Receivables Capital Management (RCM) factoring assets increased 31% on a sequential annualized basis. Drivers of the increase in noninterest income have been growth in mortgage related income, service charge fee income and broker/dealer revenue.

For the first nine months of 2005, noninterest income excluding securities gains and losses and the net gain on the sale of RCM factoring assets was $2,341.5 million, up from $1,867.8 million for the same period in 2004. For the first nine months of 2005, noninterest income excluding securities gains and losses and the net gain on the sale of RCM factoring assets was up 6% from the same period in 2004 on an estimated historical combined basis.

Noninterest Expense

Total noninterest expense in the third quarter of 2005 was $1,177.1 million, up from $929.8 million for the third quarter of 2004. Total noninterest expense before affordable housing impairment charges, amortization of intangible assets and merger expenses was up 3% from the third quarter of 2004 on an estimated historical combined basis. Comparing the third quarter to the second quarter of 2005, total noninterest expense before affordable housing impairment charges, amortization of intangible assets and merger expenses increased 8% on a sequential annualized basis. Affordable housing related impairment charges totaled $25.7 million in the third quarter of 2005 and relate, in part, to market value adjustments related to certain properties which SunTrust intends to sell. Cost savings from the merger integration amounted to $36 million in the third quarter of 2005, bringing the total cost savings to $62 million for the first nine months of 2005.

Positive operating leverage drove improvement in the Company's efficiency ratio measures. The reported efficiency ratio was 58.62% for the third quarter of 2005 compared to 61.30% for the second quarter of 2005. The operating efficiency ratio, which excludes the impact of merger expenses, was 58.01%. This compares favorably to the second quarter operating efficiency ratio of 58.46%.

For the first nine months of 2005, total noninterest expense was $3,483.8 million, up from $2,748.0 million for the same period of 2004. Total noninterest expense before affordable housing impairment charges, amortization of intangible assets and merger expenses was up 3% from the same period of 2004 on an estimated historical combined basis.

Balance Sheet

At September 30, 2005, SunTrust had total assets of $172.4 billion. Equity capital of $16.7 billion represented 10% of total assets. Book value per share was $46.28, up from $45.96 on June 30, 2005.

Loans

Average loans for the third quarter of 2005 were $110.8 billion, up from $83.8 billion for the third quarter of 2004. Average loans were up 13% from the third quarter of 2004 on an estimated historical combined basis. On a sequential annualized basis, average loans grew 14% from the second quarter to the third quarter of 2005. Areas of strongest growth in the consumer category were residential real estate, home equity and consumer direct. In the commercial category, loan growth was strong across all segments except for real estate.

Deposits

Average consumer and commercial deposits for the third quarter of 2005 were $94.1 billion, up from $74.1 billion for the third quarter of 2004. Average consumer and commercial deposits for the third quarter were up 7% from the third quarter of 2004 on an estimated historical combined basis. On a sequential annualized basis, average consumer and commercial deposits grew 4% from the second quarter to the third quarter of 2005. On a sequential annualized basis adjusted for estimated reclassifications, money market and time deposit growth was particularly strong in the third quarter.

Asset Quality

Net charge-offs in the third quarter of 2005 were 0.27% of average loans, up from 0.13% of average loans in the second quarter of 2005 and 0.24% of average loans in the third quarter of 2004. Net charge-offs were $76.7 million in the third quarter of 2005 compared to $35.4 million in the second quarter of 2005. Included in net charge-offs in the third quarter of 2005 was a $17.4 million charge-off related to Delta Airlines, which represented six basis points of the net charge-off to average loans ratio. SunTrust had fully reserved its credit exposure to Delta Airlines in prior periods; consequently no additional provision expense was recognized at the time of charge-off. Nonperforming assets decreased from $380.3 million or 0.35% of loans, other real estate owned and other repossessed assets at June 30, 2005 to $362.7 million or 0.32% of loans, other real estate owned and other repossessed assets at September 30, 2005.

The allowance for loan and lease losses decreased to $1,029.9 million at September 30, 2005 from $1,036.2 million at June 30, 2005. The allowance declined by $6.3 million due in part to the effect of the Delta Airlines charge-off. Excluding the effect of the Delta Airlines charge-off, the allowance for loan and lease losses would have increased by $11.1 million as a result of the Company's continued strong loan growth. Provision expense increased from $47.8 million in the second quarter of 2005 to $70.4 million in the third quarter of 2005. The allowance for loan and lease losses at September 30, 2005 represented 0.92% of loans and 312.4% of nonperforming loans. SunTrust believes its net charge-off and nonperforming asset levels continue to compare very favorably with the most recently published industry averages.

Corresponding Financial Tables and Information

To view the corresponding financial tables and information, please refer to the Investor Relations section located under "About SunTrust" on our Web site at www.suntrust.com. This information may also be directly accessed via the quick link entitled "3rd Quarter Earnings Release" on the SunTrust homepage.

Conference Call

SunTrust management will host a conference call on October 18, 2005 at 8:00 a.m. (Eastern Time) to discuss the earnings results and business trends. Individuals are encouraged to call in beginning at 7:45 a.m. (Eastern Time) by dialing 1-888-972-7805 (Passcode: 3Q05; Leader: Greg Ketron). Individuals calling from outside the United States should dial 1-517-308-9091 (Passcode: 3Q05; Leader: Greg Ketron). A replay of the call will be available beginning October 18, 2005 and ending November 1, 2005 at 5:00 p.m. (Eastern Time) by dialing 1-866-416-1187 (domestic) or 1-203-369-0718 (international). Alternatively, individuals may listen to the live webcast of the presentation by visiting the SunTrust Web site at www.suntrust.com. The webcast will be hosted under "Investor Relations" located under "About SunTrust" or may be accessed directly from the SunTrust home page by clicking on the earnings- related link, "3rd Quarter Earnings Release". Beginning the afternoon of October 18, 2005, listeners may access an archived version of the presentation in the "Webcasts and Presentations" subsection found under "Investor Relations". A link to the Investor Relations page is also found in the footer of the SunTrust home page.

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

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, SunTrust's plans, objectives, expectations and intentions and other statements that are not historical facts. Such statements are based upon the current beliefs and expectations of SunTrust's management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. Factors that could cause SunTrust's results to differ materially from those described in the forward-looking statements can be found in the 2004 Annual Report on Form 10-K of SunTrust, in the Quarterly Reports on Form 10-Q and 10- Q/A of SunTrust and the Quarterly Reports on Form 10-Q of NCF and in the Current Reports filed on Form 8-K of SunTrust and NCF filed with the Securities and Exchange Commission and available at the Securities and Exchange Commission's internet site (http://www.sec.gov/). The forward-looking statements in this press release speak only as of the date of the filing, and SunTrust does not assume any obligation to update the forward-looking statements or to update the reasons why actual results could differ from those contained in the forward-looking statements.

This press release contains certain non-GAAP measures to describe our Company's performance. The reconciliation of those measures to the most directly comparable GAAP measures can be found in the financial information contained in the appendices of this press release.

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

                                           Three Months Ended
                             September 30      June 30         March 31
                                 2005            2005            2005

    NON-GAAP MEASURES
     PRESENTED IN THE PRESS
     RELEASE

    Net income                   $510,774        $465,700        $492,294
    Securities losses, net          1,283              17           3,509
    Net income excluding
     securities gains and
     losses                       512,057         465,717         495,803
    The Coca-Cola Company
     dividend, net of tax         (12,028)        (12,027)        (12,028)
    Net income excluding
     securities gains and
     losses and The Coca-
     Cola Company dividend       $500,029        $453,690        $483,775

    Total average assets     $169,933,960    $165,253,589    $161,218,222
    Average net unrealized
     securities gains          (2,102,257)     (1,791,566)     (2,032,787)
    Average assets less net
     unrealized securities
     gains                   $167,831,703    $163,462,023    $159,185,435

    Total average equity      $16,822,919     $16,275,567     $16,119,430
    Average accumulated
     other comprehensive
     income                    (1,331,103)     (1,139,477)     (1,285,278)
    Total average realized
     equity                   $15,491,816     $15,136,090     $14,834,152

    Return on average total
     assets                          1.19 %          1.13 %          1.24 %
    Impact of excluding net
     realized and unrealized
     securities gains/losses
     and The Coca-Cola
     Company dividend               (0.01)          (0.02)          (0.01)
    Return on average total
     assets less net
     unrealized securities
     gains (1)                       1.18 %          1.11 %          1.23 %

    Return on average total
     shareholders' equity           12.05 %         11.48 %         12.39 %
    Impact of excluding net
     realized and unrealized
     securities gains/
      losses and The Coca-
       Cola Company dividend         0.76            0.54            0.84
    Return on average
     realized shareholders'
     equity (2)                     12.81 %         12.02 %         13.23 %

    Noninterest income           $832,398        $770,909        $753,814
    Securities losses, net          2,069              27           5,659
    Gain on sale of RCM
     assets, net of related
     expenses                      (3,508)              -         (19,874)
    Total noninterest income
     excluding securities
     gains and losses and net
     gain on sale of RCM
     assets (3)                  $830,959        $770,936        $739,599

    Net interest income        $1,156,661      $1,123,709      $1,111,560
    FTE adjustment                 19,081          18,720          17,666
    Net interest income -
     FTE                        1,175,742       1,142,429       1,129,226
    Noninterest income            832,398         770,909         753,814
    Total revenue               2,008,140       1,913,338       1,883,040
    Securities losses, net          2,069              27           5,659
    Gain on sale of RCM
     assets, net of related
     expenses                      (3,508)              -         (19,874)
    Total revenue excluding
     securities gains and
     losses and net gain on
     sale of RCM assets (3)    $2,006,701      $1,913,365      $1,868,825



   SunTrust Banks, Inc. and Subsidiaries
   RECONCILEMENT OF NON-GAAP MEASURES
   APPENDIX A TO THE PRESS RELEASE
   (Dollars in thousands)
                                                 Three Months Ended
                                           December 31        September 30
                                               2004              2004

    NON-GAAP MEASURES PRESENTED IN THE
     PRESS RELEASE

    Net income                                $455,729          $368,766
    Securities losses, net                      12,595            11,825
    Net income excluding securities
     gains and losses                          468,324           380,591
    The Coca-Cola Company dividend, net
     of tax                                    (10,739)          (10,740)
    Net income excluding securities
     gains and losses and The Coca-Cola
     Company dividend                         $457,585          $369,851

    Total average assets                  $156,570,092      $127,127,968
    Average net unrealized securities
     gains                                  (2,056,737)       (2,054,978)
    Average assets less net unrealized
     securities gains                     $154,513,355      $125,072,990

    Total average equity                   $15,818,968        $9,992,905
    Average accumulated other
     comprehensive income                   (1,304,553)       (1,318,332)
    Total average realized equity          $14,514,415        $8,674,573

    Return on average total assets                1.16 %            1.15 %
    Impact of excluding net realized
     and unrealized securities
     gains/losses and The Coca-Cola
     Company dividend                             0.02              0.03
    Return on average total assets less
     net unrealized securities gains (1)          1.18 %            1.18 %

    Return on average total
     shareholders' equity                        11.46 %           14.68 %
    Impact of excluding net realized
     and unrealized securities gains/
      losses and The Coca-Cola Company
       dividend                                   1.08              2.28
    Return on average realized
     shareholders' equity (2)                    12.54 %           16.96 %

    Noninterest income                        $759,003          $627,692
    Securities losses, net                      19,377            18,193
    Gain on sale of RCM assets, net of
     related expenses                                -                 -
    Total noninterest income excluding
     securities gains and losses and
     net gain on sale of RCM assets (3)       $778,380          $645,885

    Net interest income                     $1,084,204          $876,874
    FTE adjustment                              16,684            16,821
    Net interest income - FTE                1,100,888           893,695
    Noninterest income                         759,003           627,692
    Total revenue                            1,859,891         1,521,387
    Securities losses, net                      19,377            18,193
    Gain on sale of RCM assets, net of
     related expenses                                -                 -
    Total revenue excluding securities
     gains and losses and net gain on
     sale of RCM assets (3)                 $1,879,268        $1,539,580



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

                                                  Nine Months Ended
                                                     September 30
                                                2005              2004

    NON-GAAP MEASURES PRESENTED IN THE
     PRESS RELEASE

    Net income                              $1,468,768        $1,117,172
    Securities losses, net                       4,808            14,504
    Net income excluding securities
     gains and losses                        1,473,576         1,131,676
    The Coca-Cola Company dividend, net
     of tax                                    (36,083)          (32,218)
    Net income excluding securities
     gains and losses and The Coca-Cola
     Company dividend                       $1,437,493        $1,099,459

    Total average assets                  $165,500,517      $126,093,513
    Average net unrealized securities
     gains                                  (1,975,791)       (2,478,183)
    Average assets less net unrealized
     securities gains                     $163,524,726      $123,615,330

    Total average equity                   $16,408,550       $10,009,069
    Average accumulated other
     comprehensive income                   (1,252,121)       (1,588,635)
    Total average realized equity          $15,156,429        $8,420,434

    Return on average total assets                1.19 %            1.18 %
    Impact of excluding net realized
     and unrealized securities gains/
     losses and The Coca-Cola Company
     dividend                                    (0.01)             0.01
    Return on average total assets less
     net unrealized securities gains (1)          1.18 %            1.19 %

    Return on average total
     shareholders' equity                        11.97 %           14.91 %
    Impact of excluding net realized
     and unrealized securities gains/
     losses and The Coca-Cola Company
     dividend                                      0.71              2.53
    Return on average realized
     shareholders' equity (2)                     12.68 %           17.44 %

    Noninterest income                       $2,357,121        $1,845,443
    Securities losses, net                        7,755            22,314
    Gain on sale of RCM assets, net of
     related expenses                           (23,382)                -
    Total noninterest income excluding
     securities gains and losses
     and net gain on sale of RCM
     assets (3)                              $2,341,494        $1,867,757

    Net interest income                      $3,391,930        $2,600,951
    FTE adjustment                               55,467            41,714
    Net interest income - FTE                 3,447,397         2,642,665
    Noninterest income                        2,357,121         1,845,443
    Total revenue                             5,804,518         4,488,108
    Securities losses, net                        7,755            22,314
    Gain on sale of RCM assets, net of
     related expenses                           (23,382)                -
    Total revenue excluding securities
     gains and losses and net gain on
     sale of RCM assets (3)                  $5,788,891        $4,510,422



                                              Three Months Ended
                                        September 30    June 30      %(4)
                                            2005          2005     Change
    AVERAGE LOW COST CONSUMER AND
     COMMERCIAL DEPOSIT RECONCILEMENT

    Noninterest bearing deposits         $24,521,452   $24,309,721    0.9
    NOW accounts                          16,853,139    17,519,608   (3.8)
    Savings                                5,865,099     6,462,425   (9.2)
    Total average low cost consumer and
     commercial deposits                 $47,239,690   $48,291,754   (2.2)


                                              Three Months Ended
                                        September 30  September 30    %
                                            2005          2004      Change
    AVERAGE LOW COST CONSUMER AND
     COMMERCIAL DEPOSIT RECONCILEMENT

    Noninterest bearing deposits         $24,521,452   $20,490,191    19.7
    NOW accounts                          16,853,139    12,999,444    29.6
    Savings                                5,865,099     7,424,698   (21.0)
    Total average low cost consumer and
     commercial deposits                 $47,239,690   $40,914,333    15.5


  (1) SunTrust presents a return on average assets less net unrealized gains
      on securities.  The foregoing numbers reflect primarily adjustments to
      remove the effects of the Company's securities portfolio which
      includes the ownership by the Company of 48.3 million 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 customer
      relationship and customer transaction driven.  The return on average
      assets less net unrealized gains on securities is computed by dividing
      annualized net income, excluding securities gains/losses and The Coca-
      Cola Company dividend, by average assets less net unrealized
      securities gains.

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

  (3) SunTrust presents total noninterest income and total revenue excluding
      realized securities gains and losses and the net gain on the sale of
      RCM assets.  The Company believes total noninterest income and total
      revenue without securities gains and losses is more indicative of the
      Company's performance because it isolates income that is primarily
      customer relationship and customer transaction driven.  SunTrust
      further excludes the net gain on the sale of RCM assets because the
      Company believes the exclusion of the net gain is more indicative of
      normalized operations.

  (4) Multiply by 4 to calculate sequential annualized growth or reductions
      discussed in the earnings call.



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

                                                              Nine Months
                                      Three Months Ended         Ended
                                   September 30    June 30    September 30
                                      2005          2005          2005

    SELECTED NON-GAAP OPERATING
     MEASURES AND ADJUSTED
     OPERATING MEASURES PRESENTED
     IN THE PRESS RELEASE (1)

    Net income                       $510,774      $465,700    $1,468,768
    Merger expense, net of tax          7,505        33,642        57,105
    Operating net income              518,279       499,342     1,525,873
    Net gain on sale of RCM
     assets, net of tax                (2,175)            -       (14,497)
    Adjusted operating net income    $516,104      $499,342    $1,511,376

    Diluted earnings per share          $1.40         $1.28         $4.04
    Impact of excluding merger
     expense                             0.02          0.09          0.16
    Operating diluted earnings per
     share                               1.42          1.37          4.20
    Impact of net gain on sale of
     RCM assets                             -             -         (0.04)
    Adjusted operating diluted
     earnings per share                 $1.42         $1.37         $4.16

    Total revenue                  $2,008,140    $1,913,338    $5,804,518
    Securities losses, net              2,069            27         7,755
    Net gain on sale of RCM assets     (3,508)            -       (23,382)
    Adjusted total revenue         $2,006,701    $1,913,365    $5,788,891

    Noninterest income               $832,398      $770,909    $2,357,121
    Net gain on sale of RCM assets     (3,508)            -       (23,382)
    Noninterest income excluding
     net gain on sale of RCM
     assets                          $828,890      $770,909    $2,333,739

    Noninterest expense            $1,177,071    $1,172,825    $3,483,802
    Merger expense                    (12,104)      (54,262)      (92,104)
    Noninterest expense excluding
     merger expense                $1,164,967    $1,118,563    $3,391,698

    Efficiency ratio                    58.62 %       61.30 %       60.02 %
    Impact of excluding merger
     expense                            (0.61)        (2.84)        (1.59)
    Operating efficiency ratio          58.01         58.46         58.43
    Impact of net gain on sale of
     RCM assets                          0.10             -          0.24
    Adjusted operating efficiency
     ratio                              58.11 %       58.46 %       58.67 %

    Return on average total assets       1.19 %        1.13 %        1.19 %
    Impact of excluding merger
     expense                             0.02          0.08          0.04
    Operating return on average
     total assets (2)                    1.21 %        1.21 %        1.23 %

    Return on average total
     shareholders' equity               12.05 %       11.48 %       11.97 %
    Impact of excluding merger
     expense                             0.17          0.83          0.46
    Operating return on average
     total shareholders' equity (3)     12.22 %       12.31 %       12.43 %

    (1) SunTrust presents selected financial data on an operating basis that
        excludes merger charges, which represent incremental costs to
        integrate NCF's operations.  The Company also presents selected
        financial data on an adjusted operating basis, which further
        excludes the net gain related to the sale of RCM assets.  The
        Company believes the exclusion of these two measures is more
        reflective of normalized operations.
    (2) Computed by dividing annualized operating net income by average
        total assets.
    (3) Computed by dividing annualized operating net income by average
        total shareholders' equity.



  SunTrust Banks, Inc. and Subsidiaries
  QUARTER-TO-QUARTER COMPARISON - ACTUAL
  APPENDIX B TO THE PRESS RELEASE

                                        Three Months Ended
                                                                  Sequential
                                                                  Annualized
                       September 30  June 30   Increase/(Decrease)    (1)
                           2005        2005      Amount      %         %

  STATEMENTS OF INCOME
   (Dollars in
    thousands)

  NET INTEREST INCOME   $1,156,661  $1,123,709   $32,952      2.9 %   11.7 %

  Provision for loan
   losses                   70,393      47,811    22,582     47.2       NM
  NET INTEREST INCOME
   AFTER PROVISION
   FOR LOAN LOSSES       1,086,268   1,075,898    10,370      1.0      3.9

  NONINTEREST INCOME

  Deposit and other
   fees (2)                368,613     357,545    11,068      3.1     12.4
  Trust and investment
   management income       168,802     167,503     1,299      0.8      3.1
  Broker / dealer
   revenue (3)             147,184     138,149     9,035      6.5     26.2
  Other noninterest
   income                  146,360     107,739    38,621     35.8       NM
     Noninterest income
      before securities
      losses, net and
      net gain on sale
      of RCM assets (4)    830,959     770,936    60,023      7.8     31.1
  Gain on sale of RCM
   assets, net of
   related expenses          3,508           -     3,508    100.0       NM
     Noninterest income
      before securities
      losses, net          834,467     770,936    63,531      8.2     33.0
  Securities losses,
   net                      (2,069)        (27)   (2,042) 7,563.0       NM
       Total
        noninterest
        income             832,398     770,909    61,489      8.0     31.9

  NONINTEREST EXPENSE

  Personnel expense        632,333     623,284     9,049      1.5      5.8
  Net occupancy expense     79,519      73,483     6,036      8.2     32.9
  Outside processing
   and software             92,952      89,282     3,670      4.1     16.4
  Equipment expense         50,083      51,579    (1,496)    (2.9)   (11.6)
  Marketing and
   customer development     38,651      36,298     2,353      6.5     25.9
  Other noninterest
   expense                 216,020     214,819     1,201      0.6      2.2
     Noninterest
      expense before
      Affordable
      Housing
      impairment
      charge,
      amortization of
      intangible
      assets and
      merger expense(5)  1,109,558   1,088,745    20,813      1.9      7.6
  Impairment charge on
   Affordable Housing
   Properties               25,672           -    25,672    100.0       NM
  Amortization of
   intangible assets        29,737      29,818       (81)    (0.3)    (1.1)
  Merger expense            12,104      54,262   (42,158)   (77.7)      NM
       Total
        noninterest
        expense          1,177,071   1,172,825     4,246      0.4      1.4

  INCOME BEFORE INCOME
   TAXES                   741,595     673,982    67,613     10.0     40.1
  Provision for income
   taxes                   230,821     208,282    22,539     10.8     43.3
  NET INCOME               510,774     465,700    45,074      9.7     38.7
  Merger expense, net
   of tax                    7,505      33,642   (26,137)   (77.7)      NM
  OPERATING NET INCOME     518,279     499,342    18,937      3.8     15.2
  Net gain on sale of
   RCM assets, net of
   tax                      (2,175)          -    (2,175)   100.0       NM
  ADJUSTED OPERATING
   NET INCOME             $516,104    $499,342   $16,762      3.4 %   13.4 %

  REVENUE (Dollars in
   thousands)

  Net interest income   $1,156,661  $1,123,709   $32,952      2.9 %   11.7 %
  FTE adjustment            19,081      18,720       361      1.9      7.7
  Net interest income -
   FTE                   1,175,742   1,142,429    33,313      2.9     11.7
  Noninterest income       832,398     770,909    61,489      8.0     31.9
  Total revenue          2,008,140   1,913,338    94,802      5.0     19.8
  Securities losses,
   net                       2,069          27     2,042  7,563.0       NM
  Net gain on sale of
   RCM assets               (3,508)          -    (3,508)   100.0       NM
  Total revenue
   excluding securities
   gains and losses
   and net gain on sale
   of RCM assets        $2,006,701  $1,913,365   $93,336      4.9 %   19.5 %

  SELECTED AVERAGE
   BALANCES (Dollars in
   millions)

  Average Loans (6)(8)
  Commercial               $32,713     $32,508      $205      0.6 %    2.5 %
  Real estate
   1-4 family               28,366      26,324     2,042      7.8     31.0
  Real estate
   commercial and
   construction             22,484      21,496       988      4.6     18.4
  Real estate equity        12,649      12,135       514      4.2     16.9
  Consumer (7)              14,382      14,291        91      0.6      2.5
  Credit cards                 224         213        11      5.2     20.7
       Total loans        $110,818    $106,967    $3,851      3.6 %   14.4 %

  Average deposits (8)
  Noninterest bearing
   deposits                $24,522     $24,310      $212      0.9 %    3.5 %
  NOW accounts              16,853      17,520      (667)    (3.8)   (15.2)
  Money market accounts     26,300      25,473       827      3.2     13.0
  Savings                    5,865       6,462      (597)    (9.2)   (37.0)
  Consumer and other
   time                     20,536      19,300     1,236      6.4     25.6
     Total consumer and
      commercial
      deposits              94,076      93,065     1,011      1.1      4.3
  Brokered and foreign
   deposits                 17,969      15,709     2,260     14.4     57.5
       Total deposits     $112,045    $108,774    $3,271      3.0 %   12.0 %

  SELECTED CREDIT DATA
   (Dollars in
    thousands)

  Nonaccrual loans        $307,788    $328,018  ($20,230)    (6.2)%  (24.7)%
  Restructured loans        21,876      21,236       640      3.0     12.1
     Total
      nonperforming
      loans                329,664     349,254   (19,590)    (5.6)   (22.4)
  Other real estate
   owned (OREO)             26,013      25,263       750      3.0     11.9
  Other repossessed
   assets                    7,060       5,786     1,274     22.0     88.1
       Total
        nonperforming
        assets            $362,737    $380,303  ($17,566)    (4.6)%  (18.5)%

  Allowance for loan
   and lease losses     $1,029,855  $1,036,173   ($6,318)    (0.6)%   (2.4)%

  (1) Multiply percentage change by 4 to calculate sequential annualized
      change.  Any sequential annualized change over 100 percent is labeled
      as "NM".  Those changes over 100 percent were not considered to be
      meaningful.
  (2) Includes service charges on deposits, card and other charges and fees.
  (3) Includes retail investment services, investment banking income and
      trading account profits and commissions.
  (4) SunTrust presents noninterest income before securities (losses)/gains
      and the net gain on the sale of RCM assets.  The Company believes
      noninterest income before securities gains and losses is more
      indicative of the Company's performance because it isolates income
      that is primarily customer relationship and customer transaction
      driven.  SunTrust further excludes the net gain on the sale of RCM
      assets because the Company believes the exclusion of the net gain
      provides better comparability and is more indicative of normalized
      operations.
  (5) The Company presents noninterest expense before an impairment charge
      on Affordable Housing Properties, amortization of intangible assets
      and merger expense.  The Company believes the exclusion of these
      measures provides better comparability and is more reflective of
      normalized operations.
  (6) SunTrust's average nonaccrual and restructured loans are included in
      the respective categories to conform to the NCF presentation.
  (7) Includes consumer direct and consumer indirect loans.
  (8) See Appendix C for the impact of the estimated reclassification
      adjustments resulting from the April 22, 2005 NCF systems conversion.



  SunTrust Banks, Inc. and Subsidiaries
  QUARTER-TO-QUARTER COMPARISON - HISTORICAL COMBINED GROWTH
  APPENDIX B TO THE PRESS RELEASE, continued

  The 3rd quarter and year-to-date 2004 figures represent SunTrust and NCF
  on a historical combined basis.
  See page 15 for a reconcilement of these historical combined amounts.

                                             HISTORICAL COMBINED
                                             Three Months Ended
                                       September 30     Increase/(Decrease)
                                     2005        2004      Amount     %

  STATEMENTS OF INCOME (Dollars
   in thousands)

  NET INTEREST INCOME             $1,156,661  $1,071,689   $84,972    7.9 %

  Provision for loan losses           70,393      60,818     9,575   15.7
  NET INTEREST INCOME AFTER
   PROVISION FOR LOAN LOSSES       1,086,268   1,010,871    75,397    7.5

  NONINTEREST INCOME

  Deposit and other fees (1)         368,613     353,573    15,040    4.3
  Trust and investment management
   income                            168,802     165,603     3,199    1.9
  Broker / dealer revenue (2)        147,184     132,650    14,534   11.0
  Other noninterest income           146,360     106,550    39,810   37.4
     Noninterest income before
      securities losses, net
      and net gain on sale of
      RCM assets (3)                 830,959     758,376    72,583    9.6
  Gain on sale of RCM assets, net
   of related expenses                 3,508           -     3,508  100.0
     Noninterest income before
      securities losses, net         834,467     758,376    76,091   10.0
  Securities losses, net              (2,069)    (16,565)   14,496  (87.5)
       Total noninterest income      832,398     741,811    90,587   12.2

  NONINTEREST EXPENSE

  Personnel expense                  632,333     605,325    27,008    4.5
  Net occupancy expense               79,519      79,875      (356)  (0.4)
  Outside processing and software     92,952      75,449    17,503   23.2
  Equipment expense                   50,083      50,904      (821)  (1.6)
  Marketing and customer
   development                        38,651      34,975     3,676   10.5
  Other noninterest expense          216,020     233,692   (17,672)  (7.6)
     Noninterest expense before
      Affordable Housing
      impairment charge,
      amortization of
      intangible assets and
      merger expense (4)           1,109,558   1,080,220    29,338    2.7
  Impairment charge on Affordable
   Housing Properties                 25,672       9,001    16,671  185.2
  Amortization of intangible
   assets                             29,737      28,132     1,605    5.7
  Merger expense                      12,104           -    12,104  100.0
       Total noninterest expense   1,177,071   1,117,353    59,718    5.3

  INCOME BEFORE INCOME TAXES         741,595     635,329   106,266   16.7
  Provision for income taxes         230,821     198,926    31,895   16.0
  NET INCOME                         510,774     436,403    74,371   17.0
  Merger expense, net of tax           7,505           -     7,505  100.0
  OPERATING NET INCOME               518,279     436,403    81,876   18.8
  Net gain on sale of RCM assets,
   net of tax                         (2,175)          -    (2,175) 100.0
  ADJUSTED OPERATING NET INCOME     $516,104    $436,403   $79,701   18.3 %

  REVENUE (Dollars in thousands)

  Net interest income             $1,156,661  $1,071,689   $84,972    7.9 %
  FTE adjustment (5)                  19,081      19,063        18    0.1
  Net interest income - FTE        1,175,742   1,090,752    84,990    7.8
  Noninterest income                 832,398     741,811    90,587   12.2
  Total revenue                    2,008,140   1,832,563   175,577    9.6
  Securities losses, net               2,069      16,565   (14,496) (87.5)
  Net gain on sale of RCM assets      (3,508)        -      (3,508) 100.0
  Total revenue excluding
   securities gains and losses
   and net gain on sale of
   RCM assets                     $2,006,701  $1,849,128  $157,573    8.5 %

  SELECTED AVERAGE BALANCES
   (Dollars in millions)

  Average Loans (6)
  Commercial                         $32,713     $31,977      $736    2.3 %
  Real estate 1-4 family              28,366      21,963     6,403   29.2
  Real estate commercial and
   construction                       22,484      18,155     4,329   23.8
  Real estate equity                  12,649      10,295     2,354   22.9
  Consumer (7)                        14,382      15,520    (1,138)  (7.3)
  Credit cards                           224         175        49   28.0
       Total loans                  $110,818     $98,085   $12,733   13.0 %

  Average deposits
  Noninterest bearing deposits       $24,522     $23,239    $1,283    5.5 %
  NOW accounts                        16,853      15,335     1,518    9.9
  Money market accounts               26,300      24,211     2,089    8.6
  Savings                              5,865       9,099    (3,234) (35.5)
  Consumer and other time             20,536      15,994     4,542   28.4
     Total consumer and
      commercial deposits             94,076      87,878     6,198    7.1
  Brokered and foreign deposits       17,969      11,496     6,473   56.3
       Total deposits               $112,045     $99,374   $12,671   12.8 %

  SELECTED CREDIT DATA (Dollars
   in thousands)

  Nonaccrual loans                  $307,788    $329,340  ($21,552)  (6.5)%
  Restructured loans                  21,876      19,724     2,152   10.9
     Total nonperforming loans       329,664     349,064   (19,400)  (5.6)
  Other real estate owned (OREO)      26,013      27,126    (1,113)  (4.1)
  Other repossessed assets             7,060      15,082    (8,021) (53.2)
       Total nonperforming assets   $362,737    $391,272  ($28,535)  (7.3)%

  Allowance for loan and lease
   losses                         $1,029,855  $1,067,829  ($37,974)  (3.6)%



  SunTrust Banks, Inc. and Subsidiaries
  QUARTER-TO-QUARTER COMPARISON - HISTORICAL COMBINED GROWTH
  APPENDIX B TO THE PRESS RELEASE, continued

  The 3rd quarter and year-to-date 2004 figures represent SunTrust and NCF
  on a historical combined basis.
  See page 15 for a reconcilement of these historical combined amounts.

                                                HISTORICAL COMBINED
                                                  Nine Months Ended
                                        September 30     Increase/(Decrease)
                                      2005        2004      Amount     %

  STATEMENTS OF INCOME (Dollars in
   thousands)

  NET INTEREST INCOME              $3,391,930  $3,180,823  $211,107     6.6

  Provision for loan losses           128,760     142,415   (13,655)   (9.6)
  NET INTEREST INCOME AFTER
   PROVISION
     FOR LOAN LOSSES                3,263,170   3,038,408   224,762     7.4

  NONINTEREST INCOME

  Deposit and other fees (1)        1,069,792   1,046,326    23,466     2.2
  Trust and investment management
   income                             500,820     474,671    26,149     5.5
  Broker / dealer revenue (2)         434,529     440,267    (5,738)   (1.3)
  Other noninterest income            336,353     252,186    84,167    33.4
     Noninterest income before
      securities losses, net
      and net gain on sale of RCM
      assets(3)                     2,341,494   2,213,450   128,044     5.8
  Gain on sale of RCM assets, net
   of related expenses                 23,382         -      23,382   100.0
     Noninterest income before
      securities losses, net        2,364,876   2,213,450   151,426     6.8
  Securities losses, net               (7,755)     (9,702)    1,947   (20.1)
       Total noninterest income     2,357,121   2,203,748   153,373     7.0

  NONINTEREST EXPENSE

  Personnel expense                 1,890,410   1,789,971   100,439     5.6
  Net occupancy expense               228,853     230,183    (1,330)   (0.6)
  Outside processing and software     265,082     225,345    39,737    17.6
  Equipment expense                   154,544     156,156    (1,612)   (1.0)
  Marketing and customer
   development                        106,578     104,011     2,567     2.5
  Other noninterest expense           629,787     674,364   (44,577)   (6.6)
     Noninterest expense before
      Affordable Housing
       impairment charge,
       amortization of intangible
       assets and merger
       expense (4)                  3,275,254   3,180,030    95,224     3.0
  Impairment charge on Affordable
   Housing Properties                  25,672       9,001    16,671   185.2
  Amortization of intangible
   assets                              90,772      84,902     5,870     6.9
  Merger expense                       92,104         -      92,104   100.0
       Total noninterest expense    3,483,802   3,273,933   209,869     6.4

  INCOME BEFORE INCOME TAXES        2,136,489   1,968,223   168,266     8.5
  Provision for income taxes          667,721     608,079    59,642     9.8
  NET INCOME                        1,468,768   1,360,144   108,624     8.0
  Merger expense, net of tax           57,105         -      57,105   100.0
  OPERATING NET INCOME              1,525,873   1,360,144   165,729    12.2
  Net gain on sale of RCM assets,
   net of tax                         (14,497)        -     (14,497) (100.0)
  ADJUSTED OPERATING NET INCOME    $1,511,376  $1,360,144  $151,232    11.1

  REVENUE (Dollars in thousands)

  Net interest income              $3,391,930  $3,180,823  $211,107     6.6
  FTE adjustment (5)                   55,467      48,441     7,026    14.5
  Net interest income - FTE         3,447,397   3,229,264   218,133     6.8
  Noninterest income                2,357,121   2,203,748   153,373     7.0
  Total revenue                     5,804,518   5,433,012   371,506     6.8
  Securities losses, net                7,755       9,702    (1,947)   20.1
  Net gain on sale of RCM assets      (23,382)        -     (23,382) (100.0)
  Total revenue excluding
   securities gains and losses
   and net gain on sale of RCM
   assets                          $5,788,891  $5,442,714  $346,177     6.4

  SELECTED AVERAGE BALANCES
   (Dollars in millions)

  Average Loans (6)
  Commercial                          $32,903     $32,112      $791     2.5
  Real estate 1-4 family               26,092      20,270     5,822    28.7
  Real estate commercial and
   construction                        21,084      17,899     3,185    17.8
  Real estate equity                   12,123       9,548     2,575    27.0
  Consumer (7)                         14,614      15,326      (712)   (4.6)
  Credit cards                            212         165        47    28.5
       Total loans                   $107,028     $95,320   $11,708    12.3

  Average deposits
  Noninterest bearing deposits        $24,188     $22,650    $1,538     6.8
  NOW accounts                         17,282      14,974     2,308    15.4
  Money market accounts                25,519      24,163     1,356     5.6
  Savings                               6,605       8,619    (2,014)  (23.4)
  Consumer and other time              19,120      15,512     3,608    23.3
     Total consumer and commercial
      deposits                         92,714      85,918     6,796     7.9
  Brokered and foreign deposits        15,718      12,255     3,463    28.3
       Total deposits                $108,432     $98,173   $10,259    10.4

  SELECTED CREDIT DATA (Dollars in
   thousands)

  Nonaccrual loans
  Restructured loans
     Total nonperforming loans
  Other real estate owned (OREO)
  Other repossessed assets
       Total nonperforming assets

  Allowance for loan and lease
   losses

  (1) Includes service charges on deposits, card and other charges and fees.
  (2) Includes retail investment services, investment banking income and
      trading account profits and commissions.
  (3) SunTrust presents noninterest income before securities (losses)/gains
      and the net gain on the sale of RCM assets.  The Company believes
      noninterest income before securities gains and losses is more
      indicative of the Company's performance because it isolates income
      that is primarily customer relationship and customer transaction
      driven.  SunTrust further excludes the net gain on the sale of RCM
      assets because the Company believes the exclusion of the net gain
      provides better comparability and is more indicative of normalized
      operations.
  (4) The Company presents noninterest expense before an impairment charge
      on Affordable Housing Properties, amortization of intangible assets
      and merger expense.  The Company believes the exclusion of these
      measures provides better comparability and is more reflective of
      normalized operations.
  (5) NCF's FTE adjustments were reduced $4.0 million and $13.1 million from
      the third quarter and first nine months of 2004, respectively, to
      conform to SunTrust's methodology.
  (6) SunTrust's average nonaccrual and restructured loans are included in
      the respective categories to conform to the NCF presentation.
  (7) Includes consumer direct and consumer indirect loans.



  SunTrust Banks, Inc. and Subsidiaries
  SUNTRUST / NCF - SELECTED HISTORICAL FINANCIAL DATA
  APPENDIX B TO THE PRESS RELEASE, continued

                                                Three Months Ended
                                                September 30, 2004
                                                                Historical
                                         SunTrust       NCF      Combined

  STATEMENTS OF INCOME (Dollars in
   thousands)

  NET INTEREST INCOME                      $876,874   $194,815   $1,071,689

  Provision for loan losses                  41,774     19,044       60,818
  NET INTEREST INCOME AFTER PROVISION
   FOR LOAN LOSSES                          835,100    175,771    1,010,871

  NONINTEREST INCOME

  Deposit and other fees (1)                298,328     55,245      353,573
  Trust and investment management
   income                                   149,673     15,930      165,603
  Broker / dealer revenue (2)               113,308     19,342      132,650
  Other noninterest income                   84,576     21,974      106,550
     Noninterest income before
      securities losses, net                645,885    112,491      758,376
  Securities losses, net                    (18,193)     1,628      (16,565)
       Total noninterest income             627,692    114,119      741,811

  NONINTEREST EXPENSE

  Personnel expense                         527,734     77,591      605,325
  Net occupancy expense                      66,542     13,333       79,875
  Outside processing and software            68,657      6,792       75,449
  Equipment expense                          43,275      7,629       50,904
  Marketing and customer development         32,028      2,947       34,975
  Other noninterest expense                 167,019     66,673      233,692
     Noninterest expense before
      Affordable Housing
      impairment charge and
      amortization of intangible
      assets                                905,255    174,965    1,080,220
  Impairment charge on Affordable
   Housing Properties                         9,001        -          9,001
  Amortization of intangible assets          15,593     12,539       28,132
       Total noninterest expense            929,849    187,504    1,117,353

  INCOME BEFORE INCOME TAXES                532,943    102,386      635,329
  Provision for income taxes                164,177     34,749      198,926
  NET INCOME                               $368,766    $67,637     $436,403

  REVENUE (Dollars in thousands)

  Net interest income                      $876,874   $194,815   $1,071,689
  FTE adjustment (3)                         16,821      2,242       19,063
  Net interest income - FTE                 893,695    197,057    1,090,752
  Noninterest income                        627,692    114,119      741,811
  Total revenue                           1,521,387    311,176    1,832,563
  Securities losses, net                     18,193     (1,628)      16,565
  Total revenue excluding securities
   gains and losses                      $1,539,580   $309,548   $1,849,128

  SELECTED AVERAGE BALANCES (Dollars in
   millions)

  Average Loans (4)
  Commercial                                $27,753     $4,224      $31,977
  Real estate 1-4 family                     20,798      1,165       21,963
  Real estate commercial and
   construction                              14,231      3,924       18,155
  Real estate equity                          8,239      2,056       10,295
  Consumer (5)                               12,574      2,946       15,520
  Credit cards                                  158         17          175
       Total loans                          $83,753    $14,332      $98,085

  Average deposits
  Noninterest bearing deposits              $20,490     $2,749      $23,239
  NOW accounts                               13,000      2,335       15,335
  Money market accounts                      22,434      1,777       24,211
  Savings                                     7,425      1,674        9,099
  Consumer and other time                    10,773      5,221       15,994
     Total consumer and commercial
      deposits                               74,122     13,756       87,878
  Brokered and foreign deposits               9,341      2,155       11,496
       Total deposits                       $83,463    $15,911      $99,374

  SELECTED CREDIT DATA (Dollars in
   thousands)

  Nonaccrual loans                         $263,127    $66,213     $329,340
  Restructured loans                         19,724        -         19,724
     Total nonperforming loans              282,851     66,213      349,064
  Other real estate owned (OREO)             10,934     16,192       27,126
  Other repossessed assets                   10,431      4,651       15,082
       Total nonperforming assets          $304,216    $87,056     $391,272

  Allowance for loan and lease losses      $892,974   $174,855   $1,067,829



  SunTrust Banks, Inc. and Subsidiaries
  SUNTRUST / NCF - SELECTED HISTORICAL FINANCIAL DATA
  APPENDIX B TO THE PRESS RELEASE, continued

                                                 Nine Months Ended
                                                September 30, 2004
                                                                Historical
                                         SunTrust       NCF      Combined

  STATEMENTS OF INCOME (Dollars in
   thousands)

  NET INTEREST INCOME                    $2,600,951   $579,872   $3,180,823

  Provision for loan losses                  98,438     43,977      142,415
  NET INTEREST INCOME AFTER PROVISION
   FOR LOAN LOSSES                        2,502,513    535,895    3,038,408

  NONINTEREST INCOME

  Deposit and other fees (1)                887,178    159,148    1,046,326
  Trust and investment management
   income                                   426,257     48,414      474,671
  Broker / dealer revenue (2)               368,452     71,815      440,267
  Other noninterest income                  185,870     66,316      252,186
     Noninterest income before
      securities losses, net              1,867,757    345,693    2,213,450
  Securities losses, net                    (22,314)    12,612       (9,702)
       Total noninterest income           1,845,443    358,305    2,203,748

  NONINTEREST EXPENSE

  Personnel expense                       1,555,452    234,519    1,789,971
  Net occupancy expense                     190,030     40,153      230,183
  Outside processing and software           204,902     20,443      225,345
  Equipment expense                         134,100     22,056      156,156
  Marketing and customer development         93,902     10,109      104,011
  Other noninterest expense                 514,836    159,528      674,364
     Noninterest expense before
      Affordable Housing
       impairment charge and
       amortization of intangible
       assets                             2,693,222    486,808    3,180,030
  Impairment charge on Affordable
   Housing Properties                         9,001        -          9,001
  Amortization of intangible assets          45,823     39,079       84,902
       Total noninterest expense          2,748,046    525,887    3,273,933

  INCOME BEFORE INCOME TAXES              1,599,910    368,313    1,968,223
  Provision for income taxes                482,738    125,341      608,079
  NET INCOME                             $1,117,172   $242,972   $1,360,144

  REVENUE (Dollars in thousands)

  Net interest income                    $2,600,951   $579,872   $3,180,823
  FTE adjustment (3)                         41,714      6,727       48,441
  Net interest income - FTE               2,642,665    586,599    3,229,264
  Noninterest income                      1,845,443    358,305    2,203,748
  Total revenue                           4,488,108    944,904    5,433,012
  Securities losses, net                     22,314    (12,612)       9,702
  Total revenue excluding securities
   gains and losses                      $4,510,422   $932,292   $5,442,714

  SELECTED AVERAGE BALANCES (Dollars in
   millions)

  Average Loans (4)
  Commercial                                $27,998     $4,114      $32,112
  Real estate 1-4 family                     19,202      1,068       20,270
  Real estate commercial and
   construction                              14,064      3,835       17,899
  Real estate equity                          7,659      1,889        9,548
  Consumer (5)                               12,468      2,858       15,326
  Credit cards                                  149         16          165
       Total loans                          $81,540    $13,780      $95,320

  Average deposits
  Noninterest bearing deposits              $19,995     $2,655      $22,650
  NOW accounts                               12,715      2,259       14,974
  Money market accounts                      22,313      1,850       24,163
  Savings                                     6,919      1,700        8,619
  Consumer and other time                    10,614      4,898       15,512
     Total consumer and commercial
      deposits                               72,556     13,362       85,918
  Brokered and foreign deposits               9,830      2,425       12,255
       Total deposits                       $82,386    $15,787      $98,173

  SELECTED CREDIT DATA (Dollars in
   thousands)

  Nonaccrual loans
  Restructured loans
     Total nonperforming loans
  Other real estate owned (OREO)
  Other repossessed assets
       Total nonperforming assets

  Allowance for loan and lease losses

  (1) Includes service charges on deposits, card and other charges and
      fees.
  (2) Includes retail investment services, investment banking income and
      trading account profits and commissions.
  (3) NCF's FTE adjustments were reduced $4.0 million and $13.1 million
      from the third quarter and first nine months of 2004, respectively,
      to conform to SunTrust methodology.
  (4) SunTrust's average nonaccrual and restructured loans are included
      in the respective categories to conform to the NCF presentation.
  (5) Includes consumer direct and consumer indirect loans.



  SunTrust Banks, Inc. and Subsidiaries
  CONSOLIDATED DAILY AVERAGE BALANCES - ADJUSTED(1)
  APPENDIX C TO THE PRESS RELEASE
  (Dollars in millions)

                                            Three Months Ended
                                September 30             June 30
                                    2005                  2005

                                  Average     Average   Estimated
                                 Balances-   Balances-  Reclassi-     As
                                 Reported    Reported    fication  Adjusted

  Loans:
  Real estate 1-4 family          $28,250.5   $26,224.1  $528.8   $26,752.9
  Real estate construction          9,515.7     9,196.9  (234.5)    8,962.4
  Real estate equity               12,648.6    12,134.7  (104.4)   12,030.3
  Real estate commercial           12,872.0    12,214.5   827.8    13,042.3
  Commercial                       32,601.7    32,393.4  (762.7)   31,630.7
  Business credit card                223.5       213.1      -        213.1
  Consumer - direct                 5,173.0     5,404.7  (467.7)    4,937.0
  Consumer - indirect               9,179.8     8,861.1   197.4     9,058.5
  Nonaccrual and restructured         353.6       324.2    15.3       339.5
      Total loans                $110,818.4  $106,966.7      $-  $106,966.7

  Deposits:
  Noninterest-bearing deposits    $24,521.4   $24,309.7   $15.0   $24,324.7
  NOW accounts                     16,853.1    17,519.6    (4.6)   17,515.0
  Money Market accounts            26,299.7    25,472.9   205.4    25,678.3
  Savings                           5,865.1     6,462.4  (215.8)    6,246.6
  Consumer time                    12,419.3    12,122.0  (565.5)   11,556.5
  Other time                        8,117.1     7,177.9   565.5     7,743.4
      Total consumer and
       commercial deposits         94,075.7    93,064.5       -    93,064.5
  Brokered deposits                10,940.4     9,580.3       -     9,580.3
  Foreign deposits                  7,028.8     6,128.9       -     6,128.9
      Total deposits             $112,044.9  $108,773.7      $-  $108,773.7



  SunTrust Banks, Inc. and Subsidiaries
  CONSOLIDATED DAILY AVERAGE BALANCES - ADJUSTED(1)
  APPENDIX C TO THE PRESS RELEASE
  (Dollars in millions)

                                                                  Adjusted
                                                                 Sequential
                                                                 Annualized
                                           Adjusted   Adjusted     Growth
                                            Growth   Growth Rate   Rate(2)

  Loans:
  Real estate 1-4 family                   $1,497.6      5.6 %      22.4 %
  Real estate construction                    553.3      6.2        24.7
  Real estate equity                          618.3      5.1        20.6
  Real estate commercial                     (170.3)    (1.3)       (5.2)
  Commercial                                  971.0      3.1        12.3
  Business credit card                         10.4      4.9        19.5
  Consumer - direct                           236.0      4.8        19.1
  Consumer - indirect                         121.3      1.3         5.4
  Nonaccrual and restructured                  14.1      4.2        16.6
      Total loans                          $3,851.7      3.6        14.4

  Deposits:
  Noninterest-bearing deposits               $196.7      0.8 %       3.2 %
  NOW accounts                               (661.9)    (3.8)      (15.1)
  Money Market accounts                       621.4      2.4         9.7
  Savings                                    (381.5)    (6.1)      (24.4)
  Consumer time                               862.8      7.5        29.9
  Other time                                  373.7      4.8        19.3
      Total consumer and commercial
       deposits                             1,011.2      1.1         4.3
  Brokered deposits                         1,360.1     14.2        56.8
  Foreign deposits                            899.9     14.7        58.7
      Total deposits                       $3,271.2      3.0        12.0

  (1) As a result of the NCF systems conversion on April 22, 2005, SunTrust
      presents consolidated average balances on an adjusted basis for both
      loans and deposits.  The Company believes these adjusted measures
      provide a better comparison between reporting periods and are more
      indicative of true loan and deposit fluctuations.  The adjustments
      represent reclassifications due to account mapping changes resulting
      from the systems conversion.
  (2) Multiply percentage change by 4 to calculate sequential annualized
      change.

SOURCE: SunTrust Banks, Inc.

CONTACT: Investors, Greg Ketron, +1-404-827-6714, or Media, Barry
Koling, +1-404-230-5268, both for SunTrust Banks, Inc.


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