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SunTrust Reports Second Quarter 2006 Earnings

Strong Loan and Fee Income Growth Drive Record Earnings

PRNewswire-FirstCall
ATLANTA
Jul 19, 2006

SunTrust Banks, Inc. today reported record net income for the second quarter of 2006 of $544.0 million, up 17% from $465.7 million in the second quarter of 2005. Net income per diluted share was also a record $1.49, up 16% from $1.28 in the second quarter of 2005. Excluding merger expense incurred in the second quarter of 2005, net income and net income per diluted share were both up 9%.

"SunTrust's concentrated, corporate-wide sales execution continues to pay off in strong across-the-board revenue and loan growth as we continue to leverage the opportunities that lie within our high-growth markets. Combine that with continued outstanding credit quality and the result is record earnings in the second quarter," L. Phillip Humann, Chairman and Chief Executive Officer of SunTrust noted. Revenue growth of 8% over the second quarter of 2005 was led by strong double-digit growth in noninterest income. Average loan growth over the same time frame was a solid 12%. Mr. Humann noted that credit quality trends continued to remain near the historically low levels experienced over the past several quarters, with key credit measures such as net charge-offs to average loans and nonperforming loans to total loans increasing only two basis points over the cyclical lows of the first quarter of 2006.

  Second Quarter 2006 Consolidated Highlights

                                     2nd Quarter     2nd Quarter
                                         2006            2005       % Change
  Income Statement
  (Dollars in millions,
   except per share data)
  Net income                            $544.0          $465.7           17%
  Net income excluding merger expense    544.0           499.3            9%
  Net income per diluted share            1.49            1.28           16%
  Net income per diluted share
   excluding merger expense               1.49            1.37            9%
  Revenue - fully taxable-equivalent   2,065.4         1,913.3            8%
  Noninterest income                     875.4           770.9           14%
  Balance Sheet
  (Dollars in billions)
  Average loans                         $120.1          $107.0           12%
  Average consumer and
   commercial deposits                    97.2            93.1            4%
  Asset Quality
  Net charge-offs to average
   loans (annualized)                    0.10%           0.13%
  Nonperforming loans to total loans     0.27%           0.32%


  Second Quarter 2006 Consolidated Highlights, continued

  * Net income increased 17% and net income per diluted share increased 16%
    from the second quarter of 2005 driven by strong revenue growth.
    Excluding merger expense, net income and net income per diluted share
    both increased 9%.

  * Fully taxable-equivalent revenue increased 8% from the second quarter of
    2005 driven by noninterest income growth of 14% and fully taxable-
    equivalent net interest income growth of 4%.

  * Noninterest income growth was led by mortgage-related income, which was
    driven by strong production levels as well as higher mortgage servicing-
    related income.  Double-digit growth in trading account profits and
    commissions, card fees, investment banking income and retail investment
    services also contributed.

  * Total average loans increased 12% and total average consumer and
    commercial deposits increased 4% from the second quarter of 2005.

  * Annualized net charge-offs were 0.10% of average loans, down from 0.13%
    of average loans in the second quarter of 2005.  Nonperforming loans to
    total loans improved as well, dropping from 0.32% for the second quarter
    of 2005 to 0.27% for the second quarter in 2006, both reflecting
    exceptional credit quality levels.


  CONSOLIDATED FINANCIAL PERFORMANCE

  Revenue

Fully taxable-equivalent revenue was $2,065.4 million for the second quarter of 2006, up 8% from the second quarter of 2005. The growth was driven by increases in both net interest and noninterest income. On a sequential annualized basis, fully taxable-equivalent revenue increased 3% in the second quarter of 2006 from the first quarter of 2006 as a result of growth in noninterest income offset by a decline in net interest income.

For the six months ended June 30, 2006, fully taxable-equivalent revenue was $4,116.3 million, up 8% from $3,796.4 million for the same period in 2005. The growth was also driven by increases in both net interest and noninterest income.

Net Interest Income

Fully taxable-equivalent net interest income was $1,190.0 million in the second quarter of 2006, up 4% from the second quarter of 2005. The primary factor driving the fully taxable-equivalent net interest income growth year- over-year was strong loan growth. Loans grew 12% on average from the second quarter of 2005. On a sequential annualized basis, fully taxable-equivalent net interest income decreased 3% in the second quarter of 2006 from the first quarter of 2006 as a result of a decrease in loans held for sale and the associated spread as well as the continued shift in deposit mix away from lower cost deposit products to certificates of deposit. The net interest margin of 3.00% for the second quarter of 2006 was down 12 basis points from the first quarter of 2006. The margin decline was mainly attributable to the continued shift in deposit mix towards higher cost products and the negative impact the flatter yield curve has had on the spread between incremental earning asset growth and the cost of funding the growth.

For the six months ended June 30, 2006, fully taxable net interest income was $2,389.4 million, up 5% from $2,271.7 million for the same period in 2005. Loan growth was also the main factor driving the increase.

Noninterest Income

Total noninterest income was $875.4 million for the second quarter of 2006, up 14% from the second quarter of 2005. A significant portion of the increase resulted from growth in mortgage-related income, reflecting the continued strength in loan production-related income as well as an increase in mortgage servicing-related income. An increase in the level of loan sales, as well as our continued sales efforts, drove the increase in production-related income in the second quarter. The increase in servicing-related income experienced during the second quarter is an indication of the increased income created from a larger servicing portfolio and the realization of the value embedded in the mortgage servicing rights through the sale of a portion of the servicing rights. Double-digit growth in trading account profits and commissions, card fees, investment banking income and retail investment services also contributed to the year-over-year growth. On a sequential annualized basis, noninterest income increased 11% in the second quarter of 2006 from the first quarter of 2006, driven by strong increases in trading account profits and commissions, investment banking income, card fees, retail investment services, trust and investment management income and service charges on deposits.

For the six months ended June 30, 2006, noninterest income was $1,726.9 million, up 13% from $1,524.7 million for the same period in 2005. A significant portion of this growth was related to mortgage-related income. Card fees and trading account profits and commissions also had strong growth over the six months ended June 30, 2005.

Noninterest Expense

Total noninterest expense in the second quarter of 2006 was $1,214.1 million, up 4% from the second quarter of 2005. Excluding merger related expense, noninterest expense grew 9% over the second quarter of 2005. The increase in expense reflects certain investments in revenue producing divisions of the Company, including the addition of offices and employees and investment in the infrastructure of the organization to gain greater efficiencies in the future. The increase in marketing and customer development expense reflects the Company's focus on customer acquisition. On a sequential annualized basis, noninterest expense decreased 4% in the second quarter of 2006 from the first quarter of 2006. The decrease largely resulted from a decline in personnel expenses which resulted from the seasonally high benefit expense incurred in the first quarter of 2006.

For the six months ended June 30, 2006, total noninterest expense was $2,440.6 million, up 6% from $2,306.7 million for the same period of 2005. Excluding merger related expense, noninterest expense grew 10% for the same period. The factors causing this increase were similar to those noted for the second quarter growth over the same quarter of the previous year.

Revenue growth in the second quarter coupled with the decline in noninterest expense from the first quarter of 2006, led to positive operating leverage and improvement in the Company's efficiency ratio. The reported efficiency ratio was 58.78% for the second quarter of 2006 compared to 59.80% for the first quarter of 2006, an improvement of 102 basis points.

Balance Sheet

As of June 30, 2006, SunTrust had total assets of $181.1 billion. Shareholders' equity of $17.4 billion as of June 30, 2006 represented 10% of total assets. Book value per share was $47.85 as of June 30, 2006, up from $47.22 as of March 31, 2006.

Loans

Average loans for the second quarter of 2006 were $120.1 billion, up 12% from the second quarter of 2005. On a sequential annualized basis, average loans grew 13% in the second quarter of 2006 from the first quarter of 2006. Areas contributing to the strong loan growth both on a year-over-year and sequential annualized basis were residential real estate, home equity line, commercial and construction lending.

Deposits

Average consumer and commercial deposits for the second quarter of 2006 were $97.2 billion, up 4% from the second quarter of 2005. On a sequential annualized basis, average consumer and commercial deposits grew 8% compared to the first quarter of 2006. The growth in deposits both year-over-year and on a sequential annualized basis was driven by growth in certificates of deposit. Given market conditions and the higher rate environment, customer preference is for higher-yielding deposit products, which is reflected in the continued deposit mix shift toward higher-rate products, such as certificates of deposit. The Company continues to pursue deposit growth initiatives aimed at product promotions, as well as increasing our presence in specific markets within our footprint.

Asset Quality

Annualized net charge-offs in the second quarter of 2006 were 0.10% of average loans, up from the cyclical low of 0.08% reached in the first quarter of 2006 and down from 0.13% in the second quarter of 2005. Net charge-offs were $29.1 million in the second quarter of 2006 compared to $22.3 million in the first quarter of 2006 and $35.4 million in the second quarter of 2005. Nonperforming assets were up $35.5 million, or 11%, in the second quarter of 2006 compared to the first quarter of 2006, but were down $10.5 million, or 3%, from the second quarter of 2005. The increase from the first quarter of 2006 was mainly driven by increases in commercial and residential real estate nonperforming loans. Nonperforming assets were $369.8 million, or 0.31% of loans, other real estate owned and other repossessed assets as of June 30, 2006 compared to $334.3 million, or 0.28% of loans, other real estate owned and other repossessed assets as of March 31, 2006.

The allowance for loan and lease losses increased $22.6 million to $1,061.9 million as of June 30, 2006 from $1,039.2 million as of March 31, 2006 primarily due to strong loan growth during the period. Provision expense increased from $33.4 million in the first quarter of 2006 to $51.8 million in the second quarter of 2006. The allowance for loan and lease losses as of June 30, 2006 represented 0.88% of period-end loans, flat from March 31, 2006. The allowance for loan and lease losses as of June 30, 2006 represented 325% of period-end nonperforming loans.

  LINE OF BUSINESS FINANCIAL PERFORMANCE

  Retail

  preliminary data                       2nd Quarter   2nd Quarter
  (in millions)                              2006         2005      % Change
  Net income                                $198.8       $165.9        20%
  Revenue - fully taxable-equivalent         873.2        795.2        10%
  Average total loans                     30,438.8     29,984.9         2%
  Average total deposits                  69,539.9     65,046.6         7%


  Three Months Ended June 30, 2006 vs. 2005

Retail's net income for the second quarter of 2006 was $198.8 million, an increase of $32.9 million, or 20%, compared to the second quarter of 2005. The increase was primarily the result of higher fully taxable-equivalent net interest income, lower net charge-offs and higher noninterest income partially offset by higher noninterest expense.

Fully taxable-equivalent net interest income increased $68.1 million, or 13%. The increase was attributable to loan and deposit growth and widening deposit spreads due to deposit rate increases that have been slower relative to market rate increases. Average loans increased $453.9 million, or 2%, and average deposits increased $4.5 billion, or 7%, from the second quarter of 2005. The loan growth was driven primarily by home equity lines and loans partially offset by declines in consumer indirect and student loans, while the deposit growth was driven primarily by certificates of deposit.

Provision for loan losses, which represents net charge-offs for the lines of business, decreased $10.8 million, or 36%, from the second quarter of 2005 primarily due to a decline in consumer indirect net charge-offs.

Total noninterest income increased $9.8 million, or 4%, from the second quarter of 2005. This increase was driven primarily by interchange income due to increased volumes and gains on sales of student loans.

Total noninterest expense increased $40.5 million, or 8%, from the second quarter of 2005. The increase was driven primarily by increases in personnel expense and operation costs related to investments in the branch distribution network and technology.

Six Months Ended June 30, 2006 vs. 2005

Retail's net income for the six months ended June 30, 2006 was $390.3 million, an increase of $80.7 million, or 26%, compared to the same period in 2005. The increase was primarily the result of higher fully taxable- equivalent net interest income, lower net charge-offs and higher noninterest income partially offset by higher noninterest expense.

Fully taxable-equivalent net interest income increased $139.3 million, or 13%. The increase was attributable to loan and deposit growth and widening deposit spreads due to deposit rate increases that have been slower relative to market rate increases. Average loans increased $1.1 billion, or 4%, and average deposits increased $4.1 billion, or 6%. The loan growth was driven by home equity lines and loans partially offset by declines in consumer indirect and student loans, while the deposit growth was driven primarily by certificates of deposit.

Provision for loan losses, which represents net charge-offs for the lines of business, decreased $23.6 million, or 38%, primarily due to a decline in consumer indirect net charge-offs.

Total noninterest income increased $30.0 million, or 6%. The increase was driven primarily by interchange income due to increased volumes, ATM fees and gains on sales of student loans.

Total noninterest expense increased $71.5 million, or 7%. The increase was driven by increases in personnel expense and operation costs related to investments in the branch distribution network and technology.

  Commercial

  preliminary data                       2nd Quarter   2nd Quarter
  (in millions)                              2006         2005      % Change
  Net income                                $108.9       $100.4         8%
  Revenue - fully taxable-equivalent         306.4        285.5         7%
  Average total loans                     32,737.6     31,117.6         5%
  Average total deposits                  13,627.2     13,372.3         2%

  Three Months Ended June 30, 2006 vs. 2005

Commercial's net income for the second quarter of 2006 was $108.9 million, an increase of $8.5 million, or 8%, compared to the second quarter of 2005. The increase was driven primarily by increases in fully taxable-equivalent net interest and noninterest income and a lower effective tax rate related to affordable housing tax benefits, partially offset by higher noninterest expense.

Fully taxable-equivalent net interest income increased $13.9 million, or 6%. The increase was attributable to increased loan volumes and widening deposit spreads. Average loans increased $1.6 billion, or 5%, from the second quarter of 2005 led by growth in construction lending. Average deposits increased $254.8 million, or 2%, from the second quarter of 2005 driven by an increase in public funds and partially offset by a decrease in demand deposit and money market account balances. The decline in demand deposit balances was mainly attributable to an increase in customer balances being swept to higher- yielding investment alternatives, which has resulted in an increase in sweep income noted below.

Provision for loan losses, which represents net charge-offs for the lines of business, increased $3.4 million from the second quarter of 2005. Despite this increase, the annualized net charge-off ratio for the Commercial line of business was only .08% for the second quarter of 2006.

Total noninterest income increased $7.0 million, or 11%, from the second quarter of 2005. The increase resulted from increases in Affordable Housing revenues, sweep income and sales and referral credits.

Total noninterest expense increased $11.8 million, or 8%, from the second quarter of 2005. Investment in revenue-producing personnel was the primary driver.

Six Months Ended June 30, 2006 vs. 2005

Commercial's net income for the six months ended June 30, 2006 was $216.2 million, an increase of $24.6 million, or 13%, compared to the same period in 2005. The increase was primarily driven by higher fully taxable-equivalent net interest and noninterest income and a lower effective tax rate related to affordable housing tax benefits, partially offset by higher noninterest expense.

Fully taxable-equivalent net interest income increased $36.4 million, or 8%. The increase results from higher loan volumes and widening deposit spreads. Average loans increased $1.6 billion, or 5%, led by growth in construction lending. Average deposits increased $351.4 million, or 3%, driven by an increase in public funds and partially offset by a decrease in demand deposit and money market account balances. The decline in demand deposit balances was mainly attributable to an increase in customer balances being swept to higher-yielding investment alternatives, which has resulted in an increase in sweep income noted below.

Provision for loan losses, which represents net charge-offs for the lines of business, increased $2.7 million. Despite this increase, the annualized net charge-off ratio for the Commercial line of business was only .03% for the six months ended June 30, 2006.

Total noninterest income increased $18.4 million, or 16%. The increase resulted from increases in Affordable Housing revenues, sweep income and sales and referral credits.

Total noninterest expense increased $25.5 million, or 9%. Investment in revenue-producing personnel was the primary driver.

  Corporate and Investment Banking

  preliminary data                       2nd Quarter   2nd Quarter
  (in millions)                              2006         2005      % Change
  Net income                                $68.8        $68.2         1%
  Revenue - fully taxable-equivalent        218.8        218.1         -
  Average total loans                    16,487.0     14,864.5        11%
  Average total deposits                  3,013.3      3,270.1        (8)%


  Three Months Ended June 30, 2006 vs. 2005

Corporate and Investment Banking's net income for the second quarter of 2006 was $68.8 million, an increase of $0.6 million, or 1%, compared to the second quarter of 2005. Growth in noninterest income, mainly driven by capital markets revenue, was offset by decreased fully taxable-equivalent net interest income and increased noninterest expense.

Fully taxable-equivalent net interest income decreased $7.0 million, or 11%. The decrease was mainly attributable to a decline in loan spreads. Average loans increased $1.6 billion, or 11%, from the second quarter of 2005. The loan growth was driven by increased corporate demand and growth in leasing. Average deposits decreased $256.8 million, or 8%, from the second quarter of 2005. The decline in deposits was led by a reduction in certain bid-category products that the line of business elected not to bid on due to their high cost in relation to alternative funding sources.

Provision for loan losses, which represents net charge-offs for the lines of business, improved from a net recovery position of $0.01 million in the second quarter of 2005 to a net recovery position of $0.4 million in the same period in 2006.

Total noninterest income increased $7.8 million, or 5%, from the second quarter of 2005. Noninterest income growth was driven mainly by Debt Capital Markets revenue, primarily in securitization and structured leasing along with strong growth in equity offerings. The growth was partially offset by weakness in merger and acquisition related fees and equity trading.

Total noninterest expense increased $0.6 million, or 1%, from the second quarter of 2005. The increase was related to higher personnel expense as a direct result of capital markets revenue growth.

Six Months Ended June 30, 2006 vs. 2005

Corporate and Investment Banking's net income for the six months ended June 30, 2006 was $133.6 million, a decrease of $8.6 million, or 6%, compared to the same period in 2005. Growth in the fully taxable-equivalent net interest margin and capital markets revenue in the six months ending June 30, 2006 was offset by the divestiture of factoring assets in the first quarter of 2005.

Fully taxable-equivalent net interest income increased $1.3 million, or 1%, from the six month period ending June 30, 2005. The divestiture of factoring assets in the first quarter of 2005 negatively impacted growth in fully taxable-equivalent net interest income. Average loans increased $1.9 billion, or 13%, and average deposits increased $149.2 million, or 5%, from the six month period ending June 30, 2005. Loan growth was due to increased corporate demand, growth in leasing and merger and acquisition activity. Deposit growth was driven by an increase in demand for certificates of deposit partially offset by a decrease in certain bid-category products that the line of business elected not to bid on due to their high cost in relation to alternative funding sources.

Provision for loan losses, which represents net charge-offs for the lines of business, improved from a net recovery position of $0.7 million in the first six months of 2005 to a net recovery position of $0.8 million in the same period in 2006.

Total noninterest income decreased $11.9 million, or 4%, primarily driven by the divestiture of factoring assets in the first quarter of 2005. Noninterest income growth was driven mainly by Debt Capital Markets revenue, which was primarily driven by securitization, derivative trading and structured leasing, along with strong growth in equity offerings. The growth was partially offset by weakness in merger and acquisition related fees and equity trading.

Total noninterest expense increased $4.3 million, or 2%. The increase was related to higher personnel expense as a direct result of capital markets revenue growth partially offset by the expense reduction from the factoring asset divestiture.

  Mortgage

  preliminary data                       2nd Quarter   2nd Quarter
  (in millions)                              2006         2005      % Change
  Net income                                $62.9        $36.3         73%
  Revenue - fully taxable-equivalent        249.9        182.2         37%
  Average total loans                    32,001.0     22,994.6         39%
  Average total deposits                  1,843.2      1,595.5         16%


  Three Months Ended June 30, 2006 vs. 2005

Mortgage's net income for the second quarter of 2006 was $62.9 million, an increase of $26.7 million, or 73%, compared to the second quarter of 2005. Strong fully taxable-equivalent revenue growth driven by gains from the sale of out-of-footprint mortgage servicing assets, record production and loan sales to investors, as well as loan growth, drove the increase in net income. In the latter part of second quarter 2006, in conjunction with the Company's balance sheet management strategy, the Company sold approximately $1.0 billion of its lower-yielding consumer mortgages and moved approximately $0.8 billion in additional mortgages to loans held for sale in anticipation of their subsequent sale. The transaction affected balances at the end of the period, but had a minimal effect on average loans.

Fully taxable-equivalent net interest income increased by $18.5 million, or 14%, principally due to growth in loans and deposits that was partially offset by lower net interest income on loans held for sale. Average loans, primarily adjustable rate mortgages, increased $9.0 billion, or 39%, due to continued demand for portfolio loan products and strong construction-permanent loan production. The loan growth contributed $28.5 million to the higher net interest income. Average deposits were up $247.7 million, or 16%, due to escrow balances associated with higher servicing balances. The higher balances combined with a higher credit for funds rate contributed $7.6 million to net interest income. While average loans held for sale increased $1.4 billion, or 24%, compressed spreads resulting from increased short-term interest rates reduced net interest income on loans held for sale $15.0 million, or 37%.

Provision for loan losses, which represents net charge-offs for the lines of business, decreased $0.7 million, or 25%.

Total noninterest income increased $49.1 million, or 96%, from the second quarter of 2005. Production income was up $30.3 million, or 113%, due to record production and loan sales to investors. Loan production of $15.0 billion was up $3.8 billion, or 34%, over second quarter 2005. Loan sales to investors were $10.7 billion, up $3.8 billion, or 55%. Excluding $1.0 billion of loans sold from the consumer mortgage loan portfolio, loan sales to investors were $9.7 billion, up $2.8 billion, or 40%. Servicing income increased $20.5 million, or 197%. Higher servicing income resulted from a $17.4 million gain on the sale of out-of-footprint mortgage servicing rights with an unpaid principal balance of $3.3 billion and higher fee income due to higher servicing balances. Partially offsetting these increases was increased mortgage servicing rights amortization. At June 30, 2006, total loans serviced were $121.4 billion compared with $89.1 billion the prior year, an increase of $32.3 billion, or 36%.

Total noninterest expense increased $26.7 million, or 21%, from the second quarter of 2005. Increased volume and growth-related expenses were the primary drivers of the higher expense.

Six Months Ended June 30, 2006 vs. 2005

Mortgage's net income for the six months ended June 30, 2006 was $142.4 million, an increase of $68.3 million, or 92%, compared to the same period in 2005. Strong fully taxable-equivalent revenue growth driven by gains from sale of mortgage servicing assets, higher loan production, greater loan sales to investors, as well as loan growth, drove the increase in net income. In the latter part of second quarter 2006 in conjunction with the Company's balance sheet management strategy, the Company sold approximately $1.0 billion of its lower yielding consumer mortgages and moved approximately $0.8 billion in additional mortgages to loans held for sale in anticipation of their subsequent sale. The transaction affected balances at the end of the period, but had a minimal effect on average loans.

Fully taxable-equivalent net interest income increased by $41.5 million, or 16%, principally due to growth in loans and deposits that was partially offset by lower net interest income on loans held for sale. Average loans, primarily adjustable rate mortgages, increased $8.0 billion, or 35%, due to continued demand for portfolio loan products and strong construction-permanent loan production. This loan growth contributed $50.8 million to the higher net interest income. Average deposits increased $196.9 million, or 14%, due to escrow balances associated with higher servicing balances. These balances combined with a higher credit for funds rate contributed $12.2 million to net interest income. Average loans held for sale were up $2.4 billion, or 40%. However, compressed spreads resulting from increased short-term interest rates, reduced net interest income on loans held for sale $18.5 million, or 22%.

Provision for loan losses, which represents net charge-offs for the lines of business increased $1.1 million, or 29%.

Total noninterest income increased $124.6 million, or 130%. Production income of $120.7 million increased $74.0 million, or 159%, driven by higher production and loan sales to investors. Year-to-date loan production was $26.6 billion compared with $19.9 billion for the comparable period in 2005, an increase of $6.7 billion, or 34%. Loan sales to investors were $21.0 billion, up $8.7 billion, or 71%. Excluding $1.0 billion of loans sold from the consumer mortgage loan portfolio, loan sales to investors were $20.0 billion, up $7.7 billion, or 62%. Servicing income of $75.1 million was up $52.9 million, an increase of 238%, due to gains from the sale of mortgage servicing assets of $41.8 million and increased fees from higher servicing balances.

Total noninterest expense increased $57.7 million, or 24%, from the prior year-to-date period. Increased volume and growth-related expenses were the primary drivers of this increase.

  Wealth and Investment Management

  preliminary data                       2nd Quarter   2nd Quarter
  (in millions)                              2006         2005      % Change
  Net income                                $53.5        $51.8          3%
  Revenue - fully taxable-equivalent        343.9        316.7          9%
  Average total loans                     8,063.7      7,681.9          5%
  Average total deposits                  9,158.4      9,611.2         (5)%


  Three Months Ended June 30, 2006 vs. 2005

Wealth and Investment Management's net income for the second quarter of 2006 was $53.5 million, an increase of $1.7 million, or 3%, compared to the second quarter of 2005. The growth year- over-year was primarily driven by increases in both fully tax-equivalent net interest and noninterest revenue which was partially offset by continuing efforts to build out the line of business including higher structural, staff and operations expense.

Fully taxable-equivalent net interest income increased $9.1 million, or 11%, due to increases in loan balances and widening deposit spreads due to deposit rate increases that have been slower relative to market rate increases. Average loans increased $0.4 billion, or 5%, driven by commercial loan growth. Average deposits decreased $0.5 billion, or 5%, due to a decline in money market and NOW account balances, partially offset by certificate of deposit growth.

Provision for loan losses, which represents net charge-offs for the lines of business, decreased $0.2 million from the second quarter of 2005.

Total noninterest income increased $18.1 million, or 8%, from the second quarter of 2005 attributable to growth in trust income that resulted from growth in assets under management and improved market conditions, as well as increased retail investment income and other income. End of period assets under management were approximately $134.8 billion compared to approximately $130.3 billion at the end of the same period last year. Assets under management include individually managed assets, the STI Classic Funds, institutional assets managed by Trusco Capital Management and participant- directed retirement accounts. Total assets under advisement were approximately $249.3 billion, which includes the $134.8 billion in assets under management, $51.2 billion in non-managed trust assets, $35.0 billion in retail brokerage assets and $28.3 billion in non-managed corporate trust assets.

Total noninterest expense increased $24.7 million, or 11%, from the second quarter of 2005. The growth was primarily driven by the continuing efforts to build out the line of business including higher structural, staff and operations expense.

Six Months Ended June 30, 2006 vs. 2005

In a continuing effort to enhance the segment reporting process, modifications were made to corporate methodologies related to the allocation of corporate overhead, advertising and systems development. While these reallocations affected all of the lines of business, only Wealth and Investment Management was significantly impacted. As a result of these changes, Wealth and Investment Management's first quarter 2006 net income growth was adjusted from 7% as previously reported to 12%. The effect of the first quarter modifications, coupled with the 3% second quarter 2006 net income growth, produces year-to-date net income growth of 7%, which is fully representative of the financial performance of the line of business.

Wealth and Investment Management's net income for the six months ended June 30, 2006 was $98.1 million, an increase of $6.5 million, or 7%, compared to the same period in 2005. The growth year-over-year was driven primarily by increases in both fully taxable-equivalent net interest income and noninterest income, partially offset by continuing efforts to build out the line of business including higher structural, staff and operations expense.

Fully taxable-equivalent net interest income increased $23.9 million, or 15%, and was attributable to a combination of increased loan volumes and widening deposit spreads due to deposit rate increases that have been slower relative to market rate increases. Average loans increased $0.5 billion, or 6%, led by growth in commercial real estate and commercial loans. Average deposits decreased $0.3 billion, or 3%, due to declines in NOW and money market account balances, partially offset by certificates of deposit growth.

Provision for loan losses, which represents net charge-offs for the lines of business decreased $0.2 million.

Total noninterest income increased $24.3 million, or 5%. Noninterest income was driven by growth in trust and retail investment income. Trust income increased due to increases in recurring fees that resulted from growth in assets under management and improved market conditions. Retail investment (brokerage) income increased due to improvements in annuity, managed account and new business revenues.

Total noninterest expense increased $38.2 million, or 8%. The growth was primarily driven by the continuing efforts to build out the line of business including higher structural, staff and operations expense.

  Corporate Other and Treasury

  preliminary data                       2nd Quarter   2nd Quarter
  (in millions)                              2006         2005      % Change
  Net income                                $51.1        $43.2         18 %
  Securities available for sale          25,466.6     27,117.6         (6)%


  Three Months Ended June 30, 2006 vs. 2005

Corporate Other and Treasury's net income for the second quarter of 2006 was $51.1 million, an increase of $7.9 million, or 18%, compared to the second quarter of 2005, primarily due to a decrease in merger-related expense offset by a decrease in fully taxable-equivalent net interest income.

Fully taxable-equivalent net interest income decreased $55.0 million, or 54%. The main drivers for the reduction in net interest income were a $1.7 billion decrease on average in securities available for sale, a decrease in income on receive fixed/pay floating interest rate swaps used to extend the duration of the commercial loan portfolio and an increase in short-term borrowing costs due to an increase in the size of these borrowings needed to fund earning asset growth, as well as a significant rise in short-term interest rates over the past year.

Total average deposits increased $11.3 billion, or 71%, from the second quarter of 2005 mainly due to growth in brokered and foreign deposits of $11.5 billion.

Provision for loan losses, which represents the difference between net charge-offs for the lines of business and total provision for loan losses, increased $12.5 million from the second quarter of 2005, representing additional provision expense necessary to support the Company's strong loan growth.

Total noninterest income increased $12.6 million, or 91%, from the second quarter of 2005. This was mainly due to an increase in securities gains of $6.4 million and miscellaneous income of $5.7 million.

Total noninterest expense decreased $63.0 million from $59.4 million in 2005 to a net recovery of $3.6 million in 2006. This was mainly due to a reduction in merger-related expense of $53.9 million.

Six Months Ended June 30, 2006 vs. 2005

Corporate Other and Treasury's net income for the six months ended June 30, 2006 was $94.9 million, a decrease of $53.9 million, or 36%, compared to the same period in 2005, primarily due to decline in fully taxable-equivalent net interest income offset by a decrease in merger-related expense.

Fully taxable-equivalent net interest income decreased $124.7 million, or 53%. The main drivers for the reduction in net interest income were a $1.9 billion decrease on average in securities available for sale, a decrease in income on receive fixed/pay floating interest rate swaps used to extend the duration of the commercial loan portfolio and an increase in short-term borrowing costs due to an increase in the size of these borrowings needed to fund earning asset growth, as well as a significant rise in short-term interest rates over the past year.

Total average deposits increased $11.1 billion, or 75%, from the second quarter of 2005 mainly due to growth in brokered and foreign deposits of $11.4 billion.

Provision for loan losses, which represents the difference between net charge-offs for the lines of business and total provision for loan losses, increased $46.9 million to $35.9 million for the six months ended June 30, 2006, representing additional provision expense necessary to support the Company's strong loan growth.

Total noninterest income increased $16.8 million, or 93%. This was mainly due to securities gains of $6.0 million as compared to securities losses of $6.9 million in 2005.

Total noninterest expense decreased $63.3 million from $72.4 million in 2005 to $9.1 million in 2006. This decline was mainly due to a reduction in merger-related expense of $79.0 million.

Corresponding Financial Tables and Information

This news release contains certain non-US GAAP financial measures to describe our Company's performance. The reconciliation of those measures to the most directly comparable US GAAP financial measures, and the reasons why SunTrust believes such financial measures may be useful to investors, can be found in the financial information contained in the appendices of this news release.

Investors are encouraged to review the foregoing summary and discussion of SunTrust's earnings and financial condition in conjunction with the detailed financial tables and information which SunTrust has also published today and SunTrust's forthcoming quarterly report on Form 10-Q. Detailed financial tables and other information are available on our Web site at http://www.suntrust.com/ in the Investor Relations section located under "About SunTrust" and may be directly accessed via the quick link entitled "2nd Quarter Earnings Release" on the SunTrust homepage. This information is also included in a current report on Form 8-K filed with the SEC today.

Conference Call

SunTrust management will host a conference call on July 19, 2006 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: 2Q06; Leader: Greg Ketron). Individuals calling from outside the United States should dial 1-517-308-9091 (Passcode: 2Q06; Leader: Greg Ketron). A replay of the call will be available beginning July 19, 2006 and ending August 2, 2006 by dialing 1-800-925-5414 (domestic) or 1-402-530-8073 (international).

Alternatively, individuals may listen to the live webcast of the presentation by visiting the SunTrust Web site at http://www.suntrust.com/. The webcast will be hosted under "Investor Relations" located under "About SunTrust" or may be accessed directly from the SunTrust home page by clicking on the earnings-related link, "2nd Quarter Earnings Release." Beginning the afternoon of July 19, 2006, listeners may access an archived version of the webcast in the "Webcasts and Presentations" subsection found under "Investor Relations." This webcast will be archived and available for one year. A link to the Investor Relations page is also found in the footer of the SunTrust home page.

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

Forward Looking Statements

This news release may contain forward-looking statements, including statements about credit quality and future prospects of the Company and credit quality. Statements that are not historical or current facts, including statements about beliefs and expectations, are forward-looking statements. These statements often include the words "may," "could," "would," "should," "believes," "expects," "anticipates," "estimates," "intends," "plans," "targets," "potentially," "probably," "projects," "outlook" or similar expressions. Such statements are based upon the current beliefs and expectations of SunTrust's management and are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward-looking statements. Factors that could cause SunTrust's results to differ materially from those described in the forward-looking statements can be found in the Company's 2005 Annual Report on Form 10-K, in the Quarterly Reports on Form 10-Q and in the Current Reports filed on Form 8-K with the Securities and Exchange Commission and available at the Securities and Exchange Commission's internet site (http://www.sec.gov/). Those factors include changes in interest rates; changes in general business or economic conditions or the competitive banking environment; changes in credit conditions including customers' ability to repay debt obligations; competitive pressures among local, regional, national, and international banks, thrifts credit unions, and other financial institutions; increases in the cost of funds resulting from customers pursuing alternatives to bank deposits or shifting from demand deposits to higher-cost products; significant changes in legislation or regulatory requirements, or the fiscal and monetary policies of the federal government and its agencies; significant changes in securities markets or markets for commercial or residential real estate; the Company's success in managing its costs, including costs associated with the expansion of distribution channels and developing new ones; the potential that the Company may acquire other institutions or may be acquired by other institutions; the potential that the Company may divest certain portions of its business; hurricanes and other natural disasters; litigation; and changes in accounting principles, policies, or guidelines. The forward-looking statements in this news release speak only as of this date, and SunTrust does not assume any obligation to update such statements or to update the reasons why actual results could differ from those contained in such statements.

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


                                     Three Months Ended
               June 30      March 31   December 31  September 30    June 30
                  2006         2006         2005         2005         2005
  NON-GAAP MEASURES
   PRESENTED IN
   THE NEWS
   RELEASE

  Net income   $544,002     $531,527     $518,471     $510,774     $465,700
  Securities
   (gains)/losses,
   net of tax    (3,632)         (64)        (372)       1,283           17
  Net income
   excluding
   securities
   gains and
   losses       540,370      531,463      518,099      512,057      465,717
  The Coca-Cola
   Company
   dividend,
   net of tax   (13,316)     (13,317)     (12,027)     (12,028)     (12,027)
  Net income
   excluding
   securities
   (gains)/losses
   and The
   Coca-Cola
   Company
   dividend    $527,054     $518,146     $506,072     $500,029     $453,690

  Total
   average
   assets  $180,744,146 $177,618,283 $175,769,140 $169,933,960 $165,253,589
  Average net
   unrealized
   securities
   gains     (1,528,041)  (1,612,808)  (1,871,230)  (2,102,257)  (1,791,566)
  Average
   assets
   less net
   unrealized
   securities
   gains   $179,216,105 $176,005,475 $173,897,910 $167,831,703 $163,462,023

  Total average
   equity   $17,304,451  $17,051,805  $16,875,645  $16,822,919  $16,275,567
  Average
   accumulated
   other
   comprehensive
   income      (915,885)    (963,683)  (1,126,701)  (1,331,103)  (1,139,477)
  Total average
   realized
   equity   $16,388,566   16,088,122  $15,748,944  $15,491,816  $15,136,090

  Return on
   average
   total assets    1.21%        1.21%        1.17%        1.19%        1.13%
  Impact of
   excluding net
   realized and
   unrealized
   securities
   gains/losses
   and The Coca-Cola
   Company
   dividend       (0.03)       (0.02)       (0.02)       (0.01)       (0.02)
  Return on
   average total
   assets less
   net unrealized
   securities
   gains (1)       1.18%        1.19%        1.15%        1.18%        1.11%

  Return on
   average total
   shareholders'
   equity         12.61%       12.64%       12.19%       12.05%       11.48%
  Impact of
   excluding net
   realized and
   unrealized
   securities
   gains/losses
   and The Coca-Cola
   Company
   dividend        0.29         0.42         0.56         0.76         0.54
  Return on
   average
   realized
   shareholders'
   equity (2)     12.90%       13.06%       12.75%       12.81%       12.02%

  Efficiency
   ratio(3)       58.78%       59.80%       60.20%       58.62%       61.30%
  Impact of
   excluding
   amortization
   of intangible
   assets         (1.25)       (1.33)       (1.41)       (1.49)       (1.56)
  Tangible
   efficiency
   ratio(4)       57.53%       58.47%       58.79%       57.13%       59.74%

  Total
   shareholders'
   equity   $17,423,920  $17,157,448  $16,887,395  $16,717,750  $16,646,196
  Goodwill   (6,900,222)  (6,897,105)  (6,835,168)  (6,841,631)  (6,873,111)
  Other
   intangible
   assets
   including
   mortgage
   servicing
   rights
   ("MSRs")  (1,141,346)  (1,123,463)  (1,122,967)  (1,112,873)  (1,094,803)
  Mortgage
   servicing
   rights       720,374      680,837      657,604      613,467      565,660
  Tangible
   equity   $10,102,726   $9,817,717   $9,586,864   $9,376,713   $9,243,942

  Total
   assets  $181,143,444 $178,876,476 $179,712,841 $172,416,096 $168,952,575
  Goodwill   (6,900,222)  (6,897,105)  (6,835,168)  (6,841,631)  (6,873,111)
  Other
   intangible
   assets
   including
   MSRs      (1,141,346)  (1,123,463)  (1,122,967)  (1,112,873)  (1,094,803)
  Mortgage
   servicing
   rights       720,374      680,837      657,604      613,467      565,660
  Tangible
   assets  $173,822,250 $171,536,745 $172,412,310 $165,075,059 $161,550,321

  Tangible
   equity to
   tangible
   assets (5)      5.81%        5.72%        5.56%        5.68%        5.72%

  Noninterest
   income      $875,369     $851,506     $797,923     $832,398     $770,909
  Securities
   (gains)/
   losses, net   (5,858)        (104)        (600)       2,069           27
  Gain on sale
   of RCM assets,
   net of related
   expenses           -            -            -       (3,508)           -
  Total
   noninterest
   income
   excluding
   securities
   (gains)/losses
   and net gain
   on sale of
   RCM assets  $869,511     $851,402     $797,323     $830,959     $770,936

  Net interest
   income    $1,168,743   $1,179,041   $1,187,036   $1,156,661   $1,123,709
  Taxable-
   equivalent
   adjustment    21,283       20,338       20,025       19,081       18,720
  Net interest
   income
   - FTE      1,190,026    1,199,379    1,207,061    1,175,742    1,142,429
  Noninterest
   income       875,369      851,506      797,923      832,398      770,909
  Total revenue
   - FTE      2,065,395    2,050,885    2,004,984    2,008,140    1,913,338
  Securities
   (gains)/
   losses, net   (5,858)        (104)        (600)       2,069           27
  Gain on sale
   of RCM assets,
   net of related
   expenses           -            -            -       (3,508)           -
  Total revenue
   - FTE excluding
   securities
   (gains)/losses
   and net gain on
   sale of RCM
   assets    $2,059,537   $2,050,781   $2,004,384   $2,006,701   $1,913,365


                                                       Six Months Ended
                                                    June 30        June 30
                                                      2006           2005
  NON-GAAP MEASURES PRESENTED IN THE NEWS RELEASE

  Net income                                      $1,075,529       $957,994
  Securities (gains)/losses, net of tax               (3,696)         3,525
  Net income excluding securities gains and losses 1,071,833        961,519
  The Coca-Cola Company dividend, net of tax         (26,633)       (24,056)
  Net income excluding securities (gains)/losses
   and The Coca-Cola Company dividend             $1,045,200       $937,463

  Total average assets                          $179,189,849   $163,247,052
  Average net unrealized securities gains         (1,570,190)    (1,911,510)
  Average assets less net unrealized
   securities gains                             $177,619,659   $161,335,542

  Total average equity                           $17,178,826    $16,197,929
  Average accumulated other comprehensive income    (939,652)    (1,211,975)
  Total average realized equity                  $16,239,174    $14,985,954

  Return on average total assets                        1.21%          1.18%
  Impact of excluding net realized
   and unrealized securities gains/losses
   and The Coca-Cola Company dividend                  (0.02)         (0.01)
  Return on average total assets less net
   unrealized securities gains (1)                      1.19%          1.17%

  Return on average total shareholders' equity         12.63%         11.93%
  Impact of excluding net realized and
   unrealized securities gains/losses and
   The Coca-Cola Company dividend                       0.35           0.68
  Return on average realized shareholders' equity (2)  12.98%         12.61%

  Efficiency ratio (3)                                 59.29%         60.76%
  Impact of excluding amortization
   of intangible assets                                (1.29)         (1.61)
  Tangible efficiency ratio (4)                        58.00%         59.15%

  Total shareholders' equity
  Goodwill
  Other intangible assets including mortgage
   servicing rights ("MSRs")
  Mortgage servicing rights
  Tangible equity

  Total assets
  Goodwill
  Other intangible assets including MSRs
  Mortgage servicing rights
  Tangible assets

  Tangible equity to tangible assets (5)

  Noninterest income                              $1,726,875     $1,524,723
  Securities (gains)/losses, net                      (5,962)         5,686
  Gain on sale of RCM assets, net
   of related expenses                                     -        (19,874)
  Total noninterest income excluding
   securities (gains)/losses and net gain
   on sale of RCM assets (6)                      $1,720,913     $1,510,535

  Net interest income                             $2,347,784     $2,235,269
  Taxable-equivalent adjustment                       41,621         36,386
  Net interest income - FTE                        2,389,405      2,271,655
  Noninterest income                               1,726,875      1,524,723
  Total revenue - FTE                              4,116,280      3,796,378
  Securities (gains)/losses, net                      (5,962)         5,686
  Gain on sale of RCM assets, net of
   related expenses                                        -        (19,874)
  Total revenue - FTE excluding securities
   (gains)/losses and net gain on
   sale of RCM assets (6)                         $4,110,318     $3,782,190



                                          Three Months Ended
                          June 30        March 31      %      Sequential
                            2006           2006      Change  Annualized(7) %

  AVERAGE LOW COST CONSUMER AND COMMERCIAL DEPOSIT RECONCILEMENT

  Noninterest-
   bearing deposits     $23,857,990    $23,898,646    (0.2)%     (0.7)%
  NOW accounts           16,811,236     16,999,971    (1.1)      (4.4)
  Savings                 5,160,986      5,291,229    (2.5)      (9.8)
  Total average low
   cost consumer and
   commercial deposits  $45,830,212    $46,189,846    (0.8)%     (3.1)%

                                          Three Months Ended
                                   June 30        June 30            %
                                     2006           2005           Change

  AVERAGE LOW COST CONSUMER AND COMMERCIAL DEPOSIT RECONCILEMENT

  Noninterest-bearing deposits      $23,857,990    $24,309,721     (1.9)%
  NOW accounts                       16,811,236     17,519,608     (4.0)
  Savings                             5,160,986      6,462,425    (20.1)
  Total average low cost consumer
   and commercial deposits          $45,830,212    $48,291,754     (5.1)%

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

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

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

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

  (7) Multiply percentage change by 4 to calculate sequential annualized
      change.



  SunTrust Banks, Inc. and Subsidiaries
  RECONCILEMENT OF NON-GAAP MEASURES

  APPENDIX A TO THE NEWS RELEASE, continued
  (Dollars in thousands) (Unaudited)


                                          Three Months Ended
                        June 30   March 31 December 31 September 30 June 30
                          2006      2006       2005       2005        2005
  SELECTED NON-GAAP
   MEASURES PRESENTED
   IN THE NEWS RELEASE(1)

  Net income           $544,002   $531,527   $518,471   $510,774   $465,700
  Merger expense,
   net of tax                 -          -      4,053      7,505     33,642
  Net income excluding
   merger expense       544,002    531,527    522,524    518,279    499,342
  Net gain on sale of
   RCM assets, net of tax     -          -          -     (2,175)         -
  Net income excluding
   merger expense and
   net gain on sale
   of RCM assets       $544,002   $531,527   $522,524   $516,104   $499,342

  Net income per
   diluted share          $1.49      $1.46      $1.43      $1.40      $1.28
  Impact of excluding
   merger expense             -          -       0.01       0.02       0.09
  Net income per diluted
   share excluding
   merger expense          1.49       1.46       1.44       1.42       1.37
  Impact of net gain
   on sale of RCM assets      -          -          -          -          -
  Net income per
   diluted share
   excluding merger
   expense and net
   gain on sale of
   RCM assets             $1.49      $1.46      $1.44      $1.42      $1.37

  Total revenue
   - FTE             $2,065,395 $2,050,885 $2,004,984 $2,008,140 $1,913,338
  Securities (gains)
   /losses, net          (5,858)      (104)      (600)     2,069         27
  Net gain on sale
   of RCM assets              -          -          -     (3,508)         -
  Total revenue
   excluding
   securities
   (gains)/losses and
   net gain on sale
   of RCM assets     $2,059,537 $2,050,781 $2,004,384 $2,006,701 $1,913,365

  Noninterest income   $875,369   $851,506   $797,923   $832,398   $770,909
  Net gain on sale
   of RCM assets              -          -          -     (3,508)         -
  Noninterest income
   excluding net gain on
   sale of RCM assets  $875,369   $851,506   $797,923   $828,890   $770,909

  Noninterest
   expense           $1,214,093 $1,226,491 $1,206,927 $1,177,071 $1,172,825
  Merger expense              -          -     (6,538)   (12,104)   (54,262)
  Noninterest expense
   excluding merger
   expense           $1,214,093 $1,226,491 $1,200,389 $1,164,967 $1,118,563

  Noninterest
   expense           $1,214,093 $1,226,491 $1,206,927 $1,177,071 $1,172,825
  Amortization of
   intangible assets    (25,885)   (27,245)   (28,192)   (29,737)   (29,818)
  Noninterest expense
   excluding
   amortization of
   intangible assets $1,188,208 $1,199,246 $1,178,735 $1,147,334 $1,143,007

  Return on average
   total assets            1.21%      1.21%      1.17%      1.19%      1.13%
  Impact of excluding
   merger expense             -          -       0.01       0.02       0.08
  Return on average
   total assets excluding
   merger expense (2)      1.21%      1.21%      1.18%      1.21%      1.21%

  Return on average total
   shareholders' equity   12.61%     12.64%     12.19%     12.05%     11.48%
  Impact of excluding
   merger expense             -          -       0.09       0.17       0.83
  Return on average total
   shareholders' equity
   excluding merger
   expense (3)            12.61%     12.64%     12.28%     12.22%     12.31%

  Efficiency ratio (4)    58.78%     59.80%     60.20%     58.62%     61.30%
  Impact of excluding
   merger expense             -          -      (0.33)     (0.61)     (2.84)
  Efficiency ratio
   excluding merger
   expense                58.78      59.80      59.87      58.01      58.46
  Impact of net gain
   on sale of RCM assets      -          -          -       0.10          -
  Efficiency ratio
   excluding merger
   expense and net gain
   on sale of RCM assets  58.78%     59.80%     59.87%     58.11%     58.46%

  Tangible efficiency
   ratio (5)              57.53%     58.47%     58.79%     57.13%     59.74%
  Impact of excluding
   merger expense             -          -      (0.33)     (0.60)     (2.84)
  Tangible efficiency
   ratio excluding
   merger expense         57.53      58.47      58.46      56.53      56.90
  Impact of net gain
   on sale of RCM assets      -          -          -       0.17          -
  Tangible efficiency
   ratio excluding merger
   expense and net gain on
   sale of RCM assets     57.53%     58.47%     58.46%     56.70%     56.90%


                                                       Six Months Ended
                                                   June 30         June 30
                                                     2006            2005
  SELECTED NON-GAAP MEASURES
   PRESENTED IN THE NEWS RELEASE (1)

  Net income                                      $1,075,529       $957,994
  Merger expense, net of tax                               -         49,600
  Net income excluding merger expense              1,075,529      1,007,594
  Net gain on sale of RCM assets, net of tax               -        (12,322)
  Net income excluding merger expense and
   net gain on sale of RCM assets                 $1,075,529       $995,272

  Net income per diluted share                         $2.96          $2.64
  Impact of excluding merger expense                       -           0.13
  Net income per diluted share
   excluding merger expense                             2.96           2.77
  Impact of net gain on sale of RCM assets                 -          (0.03)
  Net income per diluted share excluding merger
   expense and net gain on sale of RCM assets          $2.96          $2.74

  Total revenue - FTE                             $4,116,280     $3,796,378
  Securities (gains)/losses, net                      (5,962)         5,686
  Net gain on sale of RCM assets                           -        (19,874)
  Total revenue excluding securities (gains)/losses
   and net gain on sale of RCM assets             $4,110,318     $3,782,190

  Noninterest income                              $1,726,875     $1,524,723
  Net gain on sale of RCM assets                           -        (19,874)
  Noninterest income excluding net gain
   on sale of RCM assets                          $1,726,875     $1,504,849

  Noninterest expense                             $2,440,584     $2,306,731
  Merger expense                                           -        (80,000)
  Noninterest expense excluding merger expense    $2,440,584     $2,226,731

  Noninterest expense                             $2,440,584     $2,306,731
  Amortization of intangible assets                  (53,130)       (61,035)
  Noninterest expense excluding amortization
   of intangible assets                           $2,387,454     $2,245,696

  Return on average total assets                        1.21%          1.18%
  Impact of excluding merger expense                       -           0.06
  Return on average total assets excluding
   merger expense (2)                                   1.21%          1.24%

  Return on average total shareholders' equity         12.63%         11.93%
  Impact of excluding merger expense                       -           0.61
  Return on average total shareholders' equity
   excluding merger expense (3)                        12.63%         12.54%

  Efficiency ratio (4)                                 59.29%         60.76%
  Impact of excluding merger expense                       -          (2.11)
  Efficiency ratio excluding merger expense            59.29          58.65
  Impact of net gain on sale of RCM assets                 -           0.31
  Efficiency ratio excluding merger expense and
   net gain on sale of RCM assets                      59.29%         58.96%

  Tangible efficiency ratio (5)                        58.00%         59.15%
  Impact of excluding merger expense                       -          (2.11)
  Tangible efficiency ratio excluding merger expense   58.00          57.04
  Impact of net gain on sale of RCM assets                 -           0.31
  Tangible efficiency ratio excluding merger
   expense and net gain on sale of RCM assets          58.00%         57.35%


  (1) SunTrust presents selected financial data on a basis that excludes
      merger expense, which represents incremental costs to integrate the
      operations of National Commerce Financial ("NCF"). The Company also
      presents selected financial data that 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 net income excluding merger expense by
      average total assets.

  (3) Computed by dividing annualized net income excluding merger expense by
      average total shareholders' equity.

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

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



  SunTrust Banks, Inc. and Subsidiaries
  QUARTER-TO-QUARTER COMPARISON - ACTUAL
  APPENDIX B TO THE NEWS RELEASE (UNAUDITED)

                                          Three Months Ended
                                 June 30     March 31  Increase/(Decrease)
                                   2006        2006      Amount      %

  STATEMENTS OF INCOME (Dollars
   in thousands)

  NET INTEREST INCOME           $1,168,743  $1,179,041  ($10,298)    (0.9)%

  Provision for loan losses         51,759      33,403    18,356     55.0
  NET INTEREST INCOME AFTER
   PROVISION FOR LOAN LOSSES     1,116,984   1,145,638   (28,654)    (2.5)

  NONINTEREST INCOME

  Service charges on deposit
   accounts                        191,645     186,185     5,460      2.9
  Trust and investment
   management income               175,811     168,089     7,722      4.6
  Retail investment services        58,441      54,989     3,452      6.3
  Other charges and fees           113,948     112,382     1,566      1.4
  Investment banking income         60,481      51,815     8,666     16.7
  Trading account profits and
   commissions                      46,182      36,875     9,307     25.2
  Card fees                         61,941      56,603     5,338      9.4
  Mortgage production related
   income                           56,579      63,037    (6,458)   (10.2)
  Mortgage servicing related
   income                           31,401      44,710   (13,309)   (29.8)
  Other noninterest income          73,082      76,717    (3,635)    (4.7)
     Noninterest income before
      securities gains/
      (losses) (1)                 869,511     851,402    18,109      2.1
  Securities gains/(losses), net     5,858         104     5,754       NM
       Total noninterest income    875,369     851,506    23,863      2.8

  NONINTEREST EXPENSE

  Employee compensation and
   benefits                        689,073     704,965   (15,892)    (2.3)
  Net occupancy expense             81,710      81,044       666      0.8
  Outside processing and
   software                         98,447      94,892     3,555      3.7
  Equipment expense                 48,107      49,448    (1,341)    (2.7)
  Marketing and customer
   development                      49,378      42,646     6,732     15.8
  Other noninterest expense        221,493     226,251    (4,758)    (2.1)
     Noninterest expense before
      amortization of intangible
      assets and merger
      expense (2)                1,188,208   1,199,246   (11,038)    (0.9)
  Amortization of intangible
   assets                           25,885      27,245    (1,360)    (5.0)
  Merger expense                         -           -       -          -
       Total noninterest
        expense                  1,214,093   1,226,491   (12,398)    (1.0)

  INCOME BEFORE INCOME TAXES       778,260     770,653     7,607      1.0
  Provision for income taxes       234,258     239,126    (4,868)    (2.0)
  NET INCOME                       544,002     531,527    12,475      2.3
  Merger expense, net of tax             -           -         -        -
  NET INCOME EXCLUDING MERGER
   EXPENSE (1)                    $544,002    $531,527   $12,475      2.3 %

  REVENUE (Dollars in thousands)

  Net interest income           $1,168,743  $1,179,041  ($10,298)    (0.9)%
  Taxable-equivalent adjustment     21,283      20,338       945      4.6
  Net interest income - FTE      1,190,026   1,199,379    (9,353)    (0.8)
  Noninterest income               875,369     851,506    23,863      2.8
  Total revenue - FTE            2,065,395   2,050,885    14,510      0.7
  Securities (gains)/losses,
   net                              (5,858)       (104)   (5,754)      NM
  Total revenue - FTE excluding
   securities gains/losses      $2,059,537  $2,050,781    $8,756      0.4 %

  SELECTED AVERAGE BALANCES
   (Dollars in millions)

  Average loans
  Commercial - FTE                 $33,993     $33,065      $928      2.8 %
  Real estate home equity lines     13,517      13,390       127      0.9
  Real estate construction          12,181      11,118     1,063      9.6
  Real estate 1-4 family            34,348      31,490     2,858      9.1
  Real estate commercial            12,841      12,780        61      0.5
  Business credit card                 307         278        29     10.4
  Consumer - direct                  4,251       5,285    (1,034)   (19.6)
  Consumer - indirect                8,386       8,553      (167)    (2.0)
  Nonaccrual and restructured          321         304        17      5.6
       Total loans                $120,145    $116,263    $3,882      3.3 %

  Average deposits
  Noninterest bearing deposits     $23,858     $23,899      ($41)    (0.2)%
  NOW accounts                      16,811      17,000      (189)    (1.1)
  Money market accounts             25,091      25,628      (537)    (2.1)
  Savings                            5,161       5,291      (130)    (2.5)
  Consumer and other time           26,251      23,474     2,777     11.8
     Total consumer and
      commercial deposits           97,172      95,292     1,880      2.0
  Brokered and foreign deposits     27,194      24,652     2,542     10.3
       Total deposits             $124,366    $119,944    $4,422      3.7 %

  SELECTED CREDIT DATA (Dollars
   in thousands)

  Nonaccrual loans                $298,970    $262,794   $36,176     13.8 %
  Restructured loans                28,292      26,949     1,343      5.0
     Total nonperforming loans     327,262     289,743    37,519     12.9
  Other real estate owned
   (OREO)                           35,576      38,920    (3,344)    (8.6)
  Other repossessed assets           6,953       5,652     1,301     23.0
       Total nonperforming
        assets                     369,791     334,315   $35,476     10.6 %

  Allowance for loan and lease
   losses                       $1,061,862  $1,039,247   $22,615      2.2 %



                                        Three Months Ended
                    Sequential
                    Annualized(3)  June 30     June 30   Increase/(Decrease)
                         %          2006        2005      Amount      %

  STATEMENTS OF INCOME
   (Dollars in thousands)

  NET INTEREST INCOME   (3.5)%  $1,168,743  $1,123,709   $45,034      4.0 %

  Provision for loan
   losses                 NM        51,759      47,811     3,948      8.3
  NET INTEREST INCOME
   AFTER PROVISION
     FOR LOAN LOSSES   (10.0)    1,116,984   1,075,898    41,086      3.8

  NONINTEREST INCOME

  Service charges on
   deposit accounts     11.7       191,645     193,276    (1,631)    (0.8)
  Trust and investment
   management income    18.4       175,811     167,503     8,308      5.0
  Retail investment
   services             25.1        58,441      52,624     5,817     11.1
  Other charges and
   fees                  5.6       113,948     112,258     1,690      1.5
  Investment banking
   income               66.9        60,481      53,706     6,775     12.6
  Trading account
   profits and
   commissions            NM        46,182      31,819    14,363     45.1
  Card fees             37.7        61,941      52,011     9,930     19.1
  Mortgage production
   related income      (41.0)       56,579      26,238    30,341       NM
  Mortgage servicing
   related income         NM        31,401      10,885    20,516       NM
  Other noninterest
   income              (19.0)       73,082      70,616     2,466      3.5
     Noninterest
      income before
      securities
      gains/
      (losses) (1)       8.5       869,511     770,936    98,575     12.8
  Securities
   gains/(losses), net    NM         5,858         (27)    5,885       NM
       Total
        noninterest
        income          11.2       875,369     770,909   104,460     13.6

  NONINTEREST EXPENSE

  Employee
   compensation and
   benefits             (9.0)      689,073     623,284    65,789     10.6
  Net occupancy
   expense               3.3        81,710      73,483     8,227     11.2
  Outside processing
   and software         15.0        98,447      89,282     9,165     10.3
  Equipment expense    (10.8)       48,107      51,579    (3,472)    (6.7)
  Marketing and
   customer
   development          63.1        49,378      36,298    13,080     36.0
  Other noninterest
   expense              (8.4)      221,493     214,819     6,674      3.1
     Noninterest
      expense before
      amortization of
      intangible
      assets and
      merger
      expense (2)       (3.7)    1,188,208   1,088,745    99,463      9.1
  Amortization of
   intangible assets   (20.0)       25,885      29,818    (3,933)   (13.2)
  Merger expense           -             -      54,262   (54,262)  (100.0)
       Total
        noninterest
        expense         (4.0)    1,214,093   1,172,825    41,268      3.5

  INCOME BEFORE INCOME
   TAXES                 3.9       778,260     673,982   104,278     15.5
  Provision for income
   taxes                (8.1)      234,258     208,282    25,976     12.5
  NET INCOME             9.4       544,002     465,700    78,302     16.8
  Merger expense, net
   of tax                  -             -      33,642   (33,642)  (100.0)
  NET INCOME EXCLUDING
   MERGER EXPENSE (1)    9.4 %    $544,002    $499,342   $44,660      8.9 %

  REVENUE (Dollars in thousands)

  Net interest income   (3.5)%  $1,168,743  $1,123,709   $45,034      4.0 %
  Taxable-equivalent
   adjustment           18.6        21,283      18,720     2,563     13.7
  Net interest income
   - FTE                (3.1)    1,190,026   1,142,429    47,597      4.2
  Noninterest income    11.2       875,369     770,909   104,460     13.6
  Total revenue - FTE    2.8     2,065,395   1,913,338   152,057      7.9
  Securities
   (gains)/losses, net    NM        (5,858)         27    (5,885)      NM
  Total revenue - FTE
   excluding
   securities
   gains/losses          1.7 %  $2,059,537  $1,913,365  $146,172      7.6 %

  SELECTED AVERAGE
   BALANCES (Dollars
   in millions)

  Average loans
  Commercial - FTE      11.2 %     $33,993     $32,393    $1,600      4.9 %
  Real estate home
   equity lines          3.8        13,517      12,135     1,382     11.4
  Real estate
   construction         38.2        12,181       9,197     2,984     32.4
  Real estate 1-4
   family               36.3        34,348      26,224     8,124     31.0
  Real estate
   commercial            1.9        12,841      12,215       626      5.1
  Business credit card  41.7           307         213        94     44.1
  Consumer - direct    (78.3)        4,251       5,405    (1,154)   (21.4)
  Consumer - indirect   (7.8)        8,386       8,861      (475)    (5.4)
  Nonaccrual and
   restructured         22.4           321         324        (3)    (0.9)
       Total loans      13.4 %    $120,145    $106,967   $13,178     12.3 %

  Average deposits
  Noninterest bearing
   deposits             (0.7)%     $23,858     $24,310     ($452)    (1.9)%
  NOW accounts          (4.4)       16,811      17,520      (709)    (4.0)
  Money market
   accounts             (8.4)       25,091      25,473      (382)    (1.5)
  Savings               (9.8)        5,161       6,462    (1,301)   (20.1)
  Consumer and other
   time                 47.3        26,251      19,300     6,951     36.0
     Total consumer
      and commercial
      deposits           7.9        97,172      93,065     4,107      4.4
  Brokered and foreign
   deposits             41.1        27,194      15,709    11,485     73.1
       Total deposits   14.7 %    $124,366    $108,774   $15,592     14.3 %

  SELECTED CREDIT DATA
   (Dollars in
   thousands)

  Nonaccrual loans      55.1 %    $298,970    $328,018  ($29,048)    (8.9)%
  Restructured loans    19.9        28,292      21,236     7,056     33.2
     Total
      nonperforming
      loans             51.8       327,262     349,254   (21,992)    (6.3)
  Other real estate
   owned (OREO)        (34.4)       35,576      25,263    10,313     40.8
  Other repossessed
   assets               92.1         6,953       5,786     1,167     20.2
       Total
        nonperforming
        assets          42.4 %    $369,791    $380,303  ($10,512)    (2.8)%

  Allowance for loan
   and lease losses      8.7 %  $1,061,862  $1,036,173   $25,689      2.5 %


  (1) SunTrust presents selected financial data on a basis that excludes
      merger expense, which represents incremental costs to integrate the
      operations of NCF.  The Company believes the exclusion of merger
      expense is more reflective of normalized operations. SunTrust also
      presents noninterest income before securities gains/(losses).  The
      Company believes noninterest income before securities gains/(losses)
      is more indicative of the Company's performance because it isolates
      income that is primarily customer relationship and customer
      transaction driven.

  (2) The Company presents noninterest expense before 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.

  (3) 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.



  SunTrust Banks, Inc. and Subsidiaries
  YEAR-TO-DATE COMPARISON - ACTUAL
  APPENDIX B TO THE NEWS RELEASE, continued (UNAUDITED)

                                                Six Months Ended
                                  June 30     June 30    Increase/(Decrease)
                                    2006        2005      Amount      % (1)
  STATEMENTS OF INCOME
   (Dollars in thousands)

  NET INTEREST INCOME            $2,347,784  $2,235,269  $112,515      5.0%

  Provision for loan losses          85,162      58,367    26,795     45.9
  NET INTEREST INCOME AFTER
   PROVISION FOR LOAN LOSSES      2,262,622   2,176,902    85,720      3.9

  NONINTEREST INCOME

  Service charges on
   deposit accounts                 377,830     377,379       451      0.1
  Trust and investment
   management income                343,900     332,018    11,882      3.6
  Retail investment services        113,430     107,767     5,663      5.3
  Other charges and fees            226,330     223,633     2,697      1.2
  Investment banking income         112,296     103,713     8,583      8.3
  Trading account profits
   and commissions                   83,057      75,865     7,192      9.5
  Card fees                         118,544     100,167    18,377     18.3
  Mortgage production
   related income                   119,616      44,235    75,381       NM
  Mortgage servicing
   related income                    76,111      23,095    53,016       NM
  Other noninterest income          149,799     122,663    27,136     22.1
     Noninterest income before
      securities gains/(losses)
      and net gain on sale
      of RCM assets (2)           1,720,913   1,510,535   210,378     13.9
  Gain on sale of RCM assets,
   net of related expenses                -      19,874   (19,874)  (100.0)
     Noninterest income
      before securities
      gains/(losses) (2)          1,720,913   1,530,409   190,504     12.4
  Securities gains/(losses), net      5,962      (5,686)   11,648       NM
       Total noninterest income   1,726,875   1,524,723   202,152     13.3

  NONINTEREST EXPENSE

  Employee compensation
   and benefits                   1,394,038   1,258,077   135,961     10.8
  Net occupancy expense             162,754     149,334    13,420      9.0
  Outside processing and software   193,339     172,130    21,209     12.3
  Equipment expense                  97,555     104,461    (6,906)    (6.6)
  Marketing and customer
   development                       92,024      67,927    24,097     35.5
  Other noninterest expense         447,744     413,767    33,977      8.2
     Noninterest expense before
      amortization of
      intangible assets
      and merger expense (3)      2,387,454   2,165,696   221,758     10.2
  Amortization of
   intangible assets                 53,130      61,035    (7,905)   (13.0)
  Merger expense                          -      80,000   (80,000)  (100.0)
       Total noninterest expense  2,440,584   2,306,731   133,853      5.8

  INCOME BEFORE INCOME TAXES      1,548,913   1,394,894   154,019     11.0
  Provision for income taxes        473,384     436,900    36,484      8.4
  NET INCOME                      1,075,529     957,994   117,535     12.3
  Merger expense, net of tax              -      49,600   (49,600)  (100.0)
  NET INCOME EXCLUDING
   MERGER EXPENSE (2)             1,075,529   1,007,594    67,935      6.7
  Net gain on sale of RCM
   assets, net of tax                     -     (12,322)   12,322   (100.0)
  NET INCOME EXCLUDING MERGER
   EXPENSE AND NET GAIN ON SALE
   OF RCM ASSETS (2)             $1,075,529    $995,272   $80,257      8.1%

  REVENUE (Dollars in thousands)
  Net interest income            $2,347,784  $2,235,269  $112,515      5.0%
  Taxable-equivalent adjustment      41,621      36,386     5,235     14.4
  Net interest income - FTE       2,389,405   2,271,655   117,750      5.2
  Noninterest income              1,726,875   1,524,723   202,152     13.3
  Total revenue - FTE             4,116,280   3,796,378   319,902      8.4
  Securities (gains)/losses, net     (5,962)      5,686   (11,648)      NM
  Net gain on sale of RCM assets          -     (19,874)   19,874   (100.0)
  Total revenue - FTE excluding
   securities gains/losses and
   net gain on sale
   of RCM assets                 $4,110,318  $3,782,190  $328,128      8.7%

  SELECTED AVERAGE BALANCES
   (Dollars in millions)

  Average loans
  Commercial - FTE                  $33,531     $32,906      $625      1.9%
  Real estate home equity lines      13,454      11,856     1,598     13.5
  Real estate construction           11,652       9,408     2,244     23.9
  Real estate 1-4 family             32,927      24,838     8,089     32.6
  Real estate commercial             12,811      10,883     1,928     17.7
  Business credit card                  293         205        88     42.9
  Consumer - direct                   4,765       6,082    (1,317)   (21.7)
  Consumer - indirect                 8,469       8,624      (155)    (1.8)
  Nonaccrual and restructured           312         300        12      4.0
    Total loans                    $118,214    $105,102   $13,112     12.5%

  Average deposits
  Noninterest bearing deposits      $23,878     $24,018     ($140)    (0.6)%
  NOW accounts                       16,905      17,500      (595)    (3.4)
  Money market accounts              25,358      25,122       236      0.9
  Savings                             5,226       6,982    (1,756)   (25.2)
  Consumer and other time            24,870      18,400     6,470     35.2
     Total consumer and
      commercial deposits            96,237      92,022     4,215      4.6
  Brokered and foreign deposits      25,930      14,573    11,357     77.9
       Total deposits              $122,167    $106,595   $15,572     14.6%

  (1) Any change over 100 percent is labeled as "NM".  Those changes over
      100 percent were not considered to be meaningful.

  (2) SunTrust presents selected financial data on a basis that excludes
      merger expense, which represents incremental costs to integrate the
      operations of NCF.  The Company believes the exclusion of merger
      expense is more reflective of normalized operations. SunTrust also
      presents noninterest income before securities gains/(losses).  The
      Company believes noninterest income before securities gains/(losses)
      is more indicative of the Company's performance because it isolates
      income that is primarily customer relationship and customer
      transaction driven.  SunTrust further excludes the net gain on the
      sale of RCM assets because the Company believes the exclusion of the
      net gain provides better comparability and is more indicative of
      normalized operations.

  (3) The Company presents noninterest expense before 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.

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.