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/FIRST ADD -- CLTU045 -- SunTrust Banks, Inc./

PRNewswire
Jul 22, 2008

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

                                            Three Months Ended
                                                 June 30             %
                                            2008         2007      Change

  EARNINGS & DIVIDENDS
  Net income                               $540.4       $681.4     (20.7)%
  Net income available to common
   shareholders                             535.3        673.9     (20.6)
  Total revenue - FTE (2)                 2,598.0      2,374.6       9.4
  Total revenue - FTE excluding
   securities (gains)/losses, net (1)     2,048.2      2,138.2      (4.2)
  Net income per average common share
       Diluted                               1.53         1.89     (19.0)
       Basic                                 1.53         1.91     (19.9)
  Dividends paid per average common
   share                                     0.77         0.73       5.5

  CONDENSED BALANCE SHEETS
  Selected Average Balances
  Total assets                           $175,549     $179,996      (2.5)%
  Earning assets                          152,483      157,594      (3.2)
  Loans                                   125,192      118,165       5.9
  Consumer and commercial deposits        101,727       97,927       3.9
  Brokered and foreign deposits            15,068       23,983     (37.2)
  Total shareholders' equity               18,093       17,928       0.9

  As of
  Total assets                            177,414      180,314      (1.6)
  Earning assets                          154,716      157,095      (1.5)
  Loans                                   125,825      118,788       5.9
  Allowance for loan and lease losses       1,829        1,050      74.2
  Consumer and commercial deposits        102,434       97,822       4.7
  Brokered and foreign deposits            17,326       25,069     (30.9)
  Total shareholders' equity               17,907       17,369       3.1

  FINANCIAL RATIOS & OTHER DATA
  Return on average total assets             1.24 %       1.52 %   (18.4)%
  Return on average assets less net
   unrealized securities gains (1)           0.42         1.18     (64.4)
  Return on average common
   shareholders' equity                     12.24        15.51     (21.1)
  Return on average realized common
   shareholders' equity (1)                  4.36        12.71     (65.7)
  Net interest margin (2)                    3.13         3.10       1.0
  Efficiency ratio (2)                      53.06        52.69       0.7
  Tangible efficiency ratio (1)             50.57        51.64      (2.1)
  Effective tax rate                        27.29        31.45     (13.2)
  Tier 1 capital ratio                       7.47 (3)     7.49      (0.3)
  Total capital ratio                       10.86 (3)    10.67       1.8
  Tier 1 leverage ratio                      7.55 (3)     7.11       6.2
  Total average shareholders' equity to
   total average assets                     10.31         9.96       3.5
  Tangible equity to tangible assets (1)     6.23         5.85       6.5

  Full-time equivalent employees           31,602       33,241      (4.9)
  Number of ATMs                            2,506        2,533      (1.1)
  Full service banking offices              1,699        1,685       0.8
       Traditional                          1,374        1,338       2.7
       In-store                               325          347      (6.3)

  Book value per common share              $49.24       $48.33       1.9
  Market price:
       High                                 60.80        94.18     (35.4)
       Low                                  32.34        78.16     (58.6)
       Close                                36.22        85.74     (57.8)
  Market capitalization                    12,805       29,928     (57.2)

  Average common shares outstanding
   (000s)
       Diluted                            349,783      356,008      (1.7)
       Basic                              348,714      351,987      (0.9)


                                            Six Months Ended
                                                 June 30             %
                                            2008         2007      Change

  EARNINGS & DIVIDENDS
  Net income                               $830.9     $1,202.7     (30.9)%
  Net income available to common
   shareholders                             818.8      1,187.8     (31.1)
  Total revenue - FTE (2)                 4,823.3      4,441.7       8.6
  Total revenue - FTE excluding
   securities (gains)/losses, net (1)     4,334.1      4,205.3       3.1
  Net income per average common share
       Diluted                               2.35         3.33     (29.4)
       Basic                                 2.36         3.37     (30.0)
  Dividends paid per average common
   share                                     1.54         1.46       5.5

  CONDENSED BALANCE SHEETS
  Selected Average Balances
  Total assets                           $176,233     $180,747      (2.5)%
  Earning assets                          152,743      158,529      (3.6)
  Loans                                   124,227      119,831       3.7
  Consumer and commercial deposits        101,448       97,860       3.7
  Brokered and foreign deposits            15,268       25,341     (39.7)
  Total shareholders' equity               18,077       17,825       1.4

  As of
  Total assets
  Earning assets
  Loans
  Allowance for loan and lease losses
  Consumer and commercial deposits
  Brokered and foreign deposits
  Total shareholders' equity

  FINANCIAL RATIOS & OTHER DATA
  Return on average total assets             0.95 %       1.34 %   (29.1)%
  Return on average assets less net
   unrealized securities gains (1)           0.57         1.16     (50.9)
  Return on average common
   shareholders' equity                      9.37        13.83     (32.2)
  Return on average realized common
   shareholders' equity (1)                  6.02        12.63     (52.3)
  Net interest margin (2)                    3.10         3.06       1.3
  Efficiency ratio (2)                      54.60        56.00      (2.5)
  Tangible efficiency ratio (1)             52.83        54.91      (3.8)
  Effective tax rate                        26.16        31.08     (15.8)
  Tier 1 capital ratio
  Total capital ratio
  Tier 1 leverage ratio
  Total average shareholders' equity to
   total average assets                     10.26         9.86       4.0
  Tangible equity to tangible assets (1)

  Full-time equivalent employees
  Number of ATMs
  Full service banking offices
       Traditional
       In-store

  Book value per common share
  Market price:
       High                                 70.00        94.18     (25.7)
       Low                                  32.34        78.16     (58.6)
       Close                                36.22        85.74     (57.8)
  Market capitalization

  Average common shares outstanding
   (000s)
       Diluted                            348,927      356,608      (2.2)
       Basic                              347,647      352,713      (1.4)


  (1) See Appendix A and Appendix B for reconcilements of non-GAAP
      performance measures.
  (2) Total revenue, net interest margin, and efficiency ratios are
      presented on a fully taxable-equivalent ("FTE") basis. The FTE basis
      adjusts for the tax-favored status of net interest income from certain
      loans and investments. The Company believes this measure to be the
      preferred industry measurement of net interest income and it enhances
      comparability of net interest income arising from taxable and tax-
      exempt sources. Total revenue - FTE equals net interest income on a
      FTE basis plus noninterest income.
  (3) Current period tier 1 capital, total capital and tier 1 leverage
      ratios are estimated as of the earnings release date.



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

                                                    Three Months Ended
                                                June 30           March 31
                                                  2008              2008

  EARNINGS & DIVIDENDS
  Net income                                     $540.4            $290.6
  Net income available to common
   shareholders                                   535.3             283.6
  Total revenue - FTE (2)                       2,598.0           2,225.3
  Total revenue - FTE excluding
   securities (gains)/losses, net (1)           2,048.2           2,285.9
  Net income per average common share
       Diluted                                     1.53              0.81
       Basic                                       1.53              0.82
  Dividends paid per average common share          0.77              0.77

  CONDENSED BALANCE SHEETS
  Selected Average Balances
  Total assets                                 $175,549          $176,917
  Earning assets                                152,483           153,004
  Loans                                         125,192           123,263
  Consumer and commercial deposits              101,727           101,168
  Brokered and foreign deposits                  15,068            15,469
  Total shareholders' equity                     18,093            18,062

  As of
  Total assets                                  177,414           178,987
  Earning assets                                154,716           152,715
  Loans                                         125,825           123,713
  Allowance for loan and lease losses             1,829             1,545
  Consumer and commercial deposits              102,434           103,432
  Brokered and foreign deposits                  17,326            12,747
  Total shareholders' equity                     17,907            18,431

  FINANCIAL RATIOS & OTHER DATA
  Return on average total assets                   1.24 %            0.66 %
  Return on average assets less net
   unrealized securities gains (1)                 0.42              0.72
  Return on average common shareholders' equity   12.24              6.49
  Return on average realized common
   shareholders' equity (1)                        4.36              7.69
  Net interest margin (2)                          3.13              3.07
  Efficiency ratio (2)                            53.06             56.40
  Tangible efficiency ratio (1)                   50.57             55.47
  Effective tax rate                              27.29             23.98
  Tier 1 capital ratio                             7.47 (3)          7.23
  Total capital ratio                             10.86 (3)         10.97
  Tier 1 leverage ratio                            7.55 (3)          7.22
  Total average shareholders' equity to
   total average assets                           10.31             10.21
  Tangible equity to tangible assets (1)           6.23              6.53

  Full-time equivalent employees                 31,602            31,745
  Number of ATMs                                  2,506             2,509
  Full service banking offices                    1,699             1,678
       Traditional                                1,374             1,343
       In-store                                     325               335

  Book value per common share                    $49.24            $51.26
  Market price:
       High                                       60.80             70.00
       Low                                        32.34             52.94
       Close                                      36.22             55.14
  Market capitalization                          12,805            19,290

  Average common shares outstanding (000s)
       Diluted                                  349,783           348,072
       Basic                                    348,714           346,581


                                                   Three Months Ended
                                          December 31 September 30  June 30
                                              2007        2007       2007

  EARNINGS & DIVIDENDS
  Net income                                  $11.1      $420.2     $681.4
  Net income available to common
   shareholders                                 3.3       412.6      673.9
  Total revenue - FTE (2)                   1,770.8     2,038.3    2,374.6
  Total revenue - FTE excluding
   securities (gains)/losses, net (1)       1,765.1     2,037.4    2,138.2
  Net income per average common share
       Diluted                                 0.01        1.18       1.89
       Basic                                   0.01        1.19       1.91
  Dividends paid per average common share      0.73        0.73       0.73

  CONDENSED BALANCE SHEETS
  Selected Average Balances
  Total assets                             $175,130    $174,653   $179,996
  Earning assets                            151,541     152,328    157,594
  Loans                                     121,094     119,559    118,165
  Consumer and commercial deposits           99,649      96,708     97,927
  Brokered and foreign deposits              15,717      21,140     23,983
  Total shareholders' equity                 18,033      17,550     17,928

  As of
  Total assets                              179,574     175,857    180,314
  Earning assets                            154,397     151,229    157,095
  Loans                                     122,319     120,748    118,788
  Allowance for loan and lease losses         1,283       1,094      1,050
  Consumer and commercial deposits          101,870      98,834     97,822
  Brokered and foreign deposits              15,973      17,026     25,069
  Total shareholders' equity                 18,053      17,907     17,369

  FINANCIAL RATIOS & OTHER DATA
  Return on average total assets               0.03 %      0.95 %     1.52 %
  Return on average assets less net
   unrealized securities gains (1)            (0.01)       0.93       1.18
  Return on average common shareholders'
   equity                                      0.07        9.60      15.51
  Return on average realized common
   shareholders' equity (1)                   (0.33)       9.86      12.71
  Net interest margin (2)                      3.13        3.18       3.10
  Efficiency ratio (2)                        82.19       63.35      52.69
  Tangible efficiency ratio (1)               80.86       62.13      51.64
  Effective tax rate                        (116.22)      26.68      31.45
  Tier 1 capital ratio                         6.93        7.44       7.49
  Total capital ratio                         10.30       10.72      10.67
  Tier 1 leverage ratio                        6.90        7.28       7.11
  Total average shareholders' equity to
   total average assets                       10.30       10.05       9.96
  Tangible equity to tangible assets (1)       6.28        6.32       5.85

  Full-time equivalent employees             32,323      32,903     33,241
  Number of ATMs                              2,507       2,518      2,533
  Full service banking offices                1,682       1,683      1,685
       Traditional                            1,343       1,339      1,338
       In-store                                 339         344        347

  Book value per common share                $50.38      $50.01     $48.33
  Market price:
       High                                   78.76       90.47      94.18
       Low                                    60.02       73.61      78.16
       Close                                  62.49       75.67      85.74
  Market capitalization                      21,772      26,339     29,928

  Average common shares outstanding
   (000s)
       Diluted                              348,072     349,592    356,008
       Basic                                345,917     346,150    351,987


  (1) See Appendix A and Appendix B for reconcilements of non-GAAP
      performance measures.
  (2) Total revenue, net interest margin, and efficiency ratios are
      presented on a fully taxable-equivalent ("FTE") basis. The FTE basis
      adjusts for the tax-favored status of net interest income from certain
      loans and investments. The Company believes this measure to be the
      preferred industry measurement of net interest income and it enhances
      comparability of net interest income arising from taxable and tax-
      exempt sources. Total revenue - FTE equals net interest income on a
      FTE basis plus noninterest income.
  (3) Current period tier 1 capital, total capital and tier 1 leverage
      ratios are estimated as of the earnings release date.



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

                                             Three Months Ended
                                       June 30        Increase/(Decrease)(2)
                                   2008        2007      Amount        %

  Interest income              $2,066,365  $2,543,870  ($477,505)   (18.8)%
  Interest expense                909,649   1,348,586   (438,937)   (32.5)
  NET INTEREST INCOME           1,156,716   1,195,284    (38,568)    (3.2)
  Provision for loan losses       448,027     104,680    343,347       NM
  NET INTEREST INCOME AFTER
   PROVISION FOR LOAN LOSSES      708,689   1,090,604   (381,915)   (35.0)

  NONINTEREST INCOME
  Service charges on deposit
   accounts                       230,296     196,844     33,452     17.0
  Trust and investment
   management income              157,319     164,620     (7,301)    (4.4)
  Retail investment services       73,764      71,785      1,979      2.8
  Other charges and fees          129,581     118,358     11,223      9.5
  Investment banking income        60,987      61,999     (1,012)    (1.6)
  Trading account
   profits/(losses) and
   commissions                    (49,306)     16,437    (65,743)      NM
  Card fees                        78,566      68,580      9,986     14.6
  Mortgage production related
   income                          63,508      64,322       (814)    (1.3)
  Mortgage servicing related
   income                          32,548      45,527    (12,979)   (28.5)
  Gain on Visa IPO                      -           -          -      -
  Net gain on sale or merger
   of Lighthouse interests              -           -          -      -
  Net gain on sale/leaseback
   of premises                          -           -          -      -
  Net gain on sale of First
   Mercantile                      29,648           -     29,648       NM
  Other noninterest income         56,312     109,738    (53,426)   (48.7)
  Securities gains/(losses),
   net                            549,787     236,412    313,375       NM
       Total noninterest
        income                  1,413,010   1,154,622    258,388     22.4

  NONINTEREST EXPENSE
  Employee compensation and
   benefits                       711,957     710,613      1,344      0.2
  Net occupancy expense            85,483      84,650        833      1.0
  Outside processing and
   software                       107,205     100,730      6,475      6.4
  Equipment expense                50,991      53,823     (2,832)    (5.3)
  Marketing and customer
   development                     47,203      43,326      3,877      8.9
  Amortization/impairment of
   intangible assets               64,735      24,904     39,831       NM
  Net loss on extinguishment
   of debt                              -           -          -      -
  Visa litigation                       -           -          -      -
  Other noninterest expense       310,959     233,148     77,811     33.4
       Total noninterest
        expense                 1,378,533   1,251,194    127,339     10.2

  INCOME BEFORE PROVISION
   FOR INCOME TAXES               743,166     994,032   (250,866)   (25.2)
  Provision for income taxes      202,804     312,601   (109,797)   (35.1)
       Net income                 540,362     681,431   (141,069)   (20.7)
  Preferred dividends               5,112       7,519     (2,407)   (32.0)
  NET INCOME AVAILABLE TO
   COMMON SHAREHOLDERS           $535,250    $673,912  ($138,662)   (20.6)

  Net interest income - FTE(1) $1,184,972  $1,219,952   ($34,980)    (2.9)

  Net income per average
   common share
    Diluted                          1.53        1.89      (0.36)   (19.0)
    Basic                            1.53        1.91      (0.38)   (19.9)

  Cash dividends declared per
   common share                      0.77        0.73       0.04      5.5
  Average common shares
   outstanding (000s)
    Diluted                       349,783     356,008     (6,225)    (1.7)
    Basic                         348,714     351,987     (3,273)    (0.9)


                                             Six Months Ended
                                       June 30        Increase/(Decrease)(2)
                                   2008        2007      Amount       %

  Interest income              $4,324,697  $5,071,927  ($747,230)   (14.7) %
  Interest expense              2,028,114   2,712,084   (683,970)   (25.2)
  NET INTEREST INCOME           2,296,583   2,359,843    (63,260)    (2.7)
  Provision for loan losses     1,008,049     161,121    846,928       NM
  NET INTEREST INCOME AFTER
   PROVISION FOR LOAN LOSSES    1,288,534   2,198,722   (910,188)   (41.4)

  NONINTEREST INCOME
  Service charges on deposit
   accounts                       442,135     385,879     56,256     14.6
  Trust and investment
   management income              318,421     338,938    (20,517)    (6.1)
  Retail investment services      146,064     135,328     10,736      7.9
  Other charges and fees          256,812     236,495     20,317      8.6
  Investment banking income       116,407     112,156      4,251      3.8
  Trading account
   profits/(losses) and
   commissions                    (21,088)    106,638   (127,726)      NM
  Card fees                       152,327     132,775     19,552     14.7
  Mortgage production related
   income                         149,057      55,667     93,390       NM
  Mortgage servicing related
   income                          61,646      80,930    (19,284)   (23.8)
  Gain on Visa IPO                 86,305           -     86,305       NM
  Net gain on sale or merger
   of Lighthouse interests         89,390      32,340     57,050       NM
  Net gain on sale/leaseback
   of premises                     37,039           -     37,039       NM
  Net gain on sale of First
   Mercantile                      29,648           -     29,648       NM
  Other noninterest income        117,148     179,950    (62,802)   (34.9)
  Securities gains/(losses),
   net                            489,201     236,432    252,769       NM
       Total noninterest
        income                  2,470,512   2,033,528    436,984     21.5

  NONINTEREST EXPENSE
  Employee compensation and
   benefits                     1,427,040   1,409,613     17,427      1.2
  Net occupancy expense           171,924     170,907      1,017      0.6
  Outside processing and
   software                       216,370     200,406     15,964      8.0
  Equipment expense               103,386     103,232        154      0.1
  Marketing and customer
   development                    102,906      89,031     13,875     15.6
  Amortization/impairment of
   intangible assets               85,450      48,446     37,004     76.4
  Net loss on extinguishment
   of debt                         11,723           -     11,723       NM
  Visa litigation                 (39,124)          -    (39,124)      NM
  Other noninterest expense       554,002     465,556     88,446     19.0
       Total noninterest
        expense                 2,633,677   2,487,191    146,486      5.9

  INCOME BEFORE PROVISION
   FOR INCOME TAXES             1,125,369   1,745,059   (619,690)   (35.5)
  Provision for income taxes      294,452     542,332   (247,880)   (45.7)
       Net income                 830,917   1,202,727   (371,810)   (30.9)
  Preferred dividends              12,089      14,882     (2,793)   (18.8)
  NET INCOME AVAILABLE TO
   COMMON SHAREHOLDERS           $818,828  $1,187,845  ($369,017)   (31.1)

  Net interest income - FTE(1) $2,352,814  $2,408,224   ($55,410)    (2.3)

  Net income per average
   common share
    Diluted                          2.35        3.33      (0.98)   (29.4)
    Basic                            2.36        3.37      (1.01)   (30.0)

  Cash dividends declared per
   common share                      1.54        1.46       0.08      5.5
  Average common shares
   outstanding (000s)
    Diluted                       348,927     356,608     (7,681)    (2.2)
    Basic                         347,647     352,713     (5,066)    (1.4)

  (1) Net interest income includes the effects of FTE adjustments using a
      federal tax rate of 35% and state income taxes where applicable to
      increase tax-exempt interest income to a taxable-equivalent basis.
  (2) "NM" - Not meaningful. Those changes over 100 percent were not
      considered to be meaningful.



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

                                                    Three Months Ended
                                               June 30           March 31
                                                 2008              2008

   Interest income                            $2,066,365        $2,258,332
   Interest expense                              909,649         1,118,465
   NET INTEREST INCOME                         1,156,716         1,139,867
   Provision for loan losses                     448,027           560,022
   NET INTEREST INCOME AFTER
    PROVISION FOR LOAN LOSSES                    708,689           579,845

   NONINTEREST INCOME
   Service charges on deposit accounts           230,296           211,839
   Trust and investment management income        157,319           161,102
   Retail investment services                     73,764            72,300
   Other charges and fees                        129,581           127,231
   Investment banking income                      60,987            55,420
   Trading account profits/(losses) and
    commissions                                  (49,306)           28,218
   Card fees                                      78,566            73,761
   Mortgage production related income             63,508            85,549
   Mortgage servicing related income              32,548            29,098
   Gain on Visa IPO                                    -            86,305
   Net gain on sale or merger of Lighthouse
    interests                                          -            89,390
   Net gain on sale/leaseback of premises              -            37,039
   Net gain on sale of First Mercantile           29,648                 -
   Other noninterest income                       56,312            60,836
   Securities gains/(losses), net                549,787           (60,586)
        Total noninterest income               1,413,010         1,057,502

   NONINTEREST EXPENSE
   Employee compensation and benefits            711,957           715,083
   Net occupancy expense                          85,483            86,441
   Outside processing and software               107,205           109,165
   Equipment expense                              50,991            52,395
   Marketing and customer development             47,203            55,703
   Amortization/impairment of intangible
    assets                                        64,735            20,715
   Net loss on extinguishment of debt                  -            11,723
   Visa litigation                                     -           (39,124)
   Other noninterest expense                     310,959           243,043
        Total noninterest expense              1,378,533         1,255,144

   INCOME/(LOSS) BEFORE PROVISION/(BENEFIT)
    FOR INCOME TAXES                             743,166           382,203
   Provision/(benefit) for income taxes          202,804            91,648
        Net income                               540,362           290,555
   Preferred dividends                             5,112             6,977
   NET INCOME AVAILABLE TO COMMON SHAREHOLDERS  $535,250          $283,578

   Net interest income - FTE (1)              $1,184,972        $1,167,842

   Net income per average common share
     Diluted                                        1.53              0.81
     Basic                                          1.53              0.82

   Cash dividends declared per common share         0.77              0.77
   Average common shares outstanding (000s)
     Diluted                                     349,783           348,072
     Basic                                       348,714           346,581


                                                Three Months Ended
                                        December 31  September 30  June 30
                                            2007         2007        2007

   Interest income                       $2,448,701  $2,515,292  $2,543,870
   Interest expense                       1,281,188   1,323,104   1,348,586
   NET INTEREST INCOME                    1,167,513   1,192,188   1,195,284
   Provision for loan losses                356,781     147,020     104,680
   NET INTEREST INCOME AFTER
    PROVISION FOR LOAN LOSSES               810,732   1,045,168   1,090,604

   NONINTEREST INCOME
   Service charges on deposit accounts      222,213     213,939     196,844
   Trust and investment management
    income                                  170,854     175,242     164,620
   Retail investment services                71,650      71,064      71,785
   Other charges and fees                   121,849     120,730     118,358
   Investment banking income                 55,041      47,688      61,999
   Trading account profits/(losses)
    and commissions                        (437,162)    (31,187)     16,437
   Card fees                                 77,481      70,450      68,580
   Mortgage production related income        22,366      12,950      64,322
   Mortgage servicing related income         57,364      57,142      45,527
   Gain on Visa IPO                               -           -           -
   Net gain on sale or merger of
    Lighthouse interests                          -           -           -
   Net gain on sale/leaseback of premises   118,840           -           -
   Net gain on sale of First
    Mercantile                                    -           -           -
   Other noninterest income                  89,827      80,130     109,738
   Securities gains/(losses), net             5,694         991     236,412
        Total noninterest income            576,017     819,139   1,154,622

   NONINTEREST EXPENSE
   Employee compensation and benefits       682,810     677,765     710,613
   Net occupancy expense                     92,705      87,626      84,650
   Outside processing and software          105,407     105,132     100,730
   Equipment expense                         51,734      51,532      53,823
   Marketing and customer development        59,115      46,897      43,326
   Amortization/impairment of
    intangible assets                        23,414      24,820      24,904
   Net loss on extinguishment of debt             -       9,800           -
   Visa litigation                           76,930           -           -
   Other noninterest expense                363,226     287,673     233,148
        Total noninterest expense         1,455,341   1,291,245   1,251,194

   INCOME/(LOSS) BEFORE PROVISION/(BENEFIT)
    FOR INCOME TAXES                        (68,592)    573,062     994,032
   Provision/(benefit) for income taxes     (79,716)    152,898     312,601
        Net income                           11,124     420,164     681,431
   Preferred dividends                        7,867       7,526       7,519
   NET INCOME AVAILABLE TO COMMON
    SHAREHOLDERS                             $3,257    $412,638    $673,912

   Net interest income - FTE (1)         $1,194,757  $1,219,243  $1,219,952

   Net income per average common share
     Diluted                                   0.01        1.18        1.89
     Basic                                     0.01        1.19        1.91

   Cash dividends declared per common share    0.73        0.73        0.73
   Average common shares outstanding (000s)
     Diluted                                348,072     349,592     356,008
     Basic                                  345,917     346,150     351,987

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



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

                                   As of June 30      Increase/(Decrease)(3)
                                 2008         2007        Amount       %

  ASSETS
  Cash and due from banks     $3,564,824   $4,254,430    ($689,606) (16.2)%
  Interest-bearing deposits
   in other banks                 22,566       25,991       (3,425) (13.2)
  Funds sold and securities
   purchased under
   agreements to resell        1,920,276    1,143,995      776,281   67.9
  Trading assets              10,327,795   13,044,972   (2,717,177) (20.8)
  Securities available
   for sale (1)               15,118,073   14,725,957      392,116    2.7
  Loans held for sale
   (loans at fair value:
  $3,743,620 as of June 30,
   2008; $6,494,602 as of
   June 30, 2007)              5,260,892   12,474,932   (7,214,040) (57.8)
  Loans (loans at fair
   value: $352,344 as of
   June 30, 2008; $0 as of
   June 30, 2007)
    Commercial                38,800,537   34,362,837    4,437,700   12.9
    Real estate:
      Home equity lines       15,726,998   14,303,659    1,423,339   10.0
      Construction            12,542,775   14,417,949   (1,875,174) (13.0)
      Residential mortgages   32,509,029   30,759,216    1,749,813    5.7
      Commercial real estate  13,693,933   12,416,329    1,277,604   10.3
    Consumer:
      Direct                   4,528,576    4,391,739      136,837    3.1
      Indirect                 7,077,510    7,739,369     (661,859)  (8.6)
    Credit card                  945,446      396,624      548,822     NM
          Total loans        125,824,804  118,787,722    7,037,082    5.9
  Allowance for loan and
   lease losses               (1,829,400)  (1,050,362)     779,038   74.2
        Net loans            123,995,404  117,737,360    6,258,044    5.3
  Goodwill                     7,056,015    6,897,050      158,965    2.3
  Other intangible assets      1,442,056    1,290,460      151,596   11.7
  Other real estate owned        334,519      100,973      233,546     NM
  Other assets (IRLCs and
   mortgage derivatives at
   fair value:
  $95,251 as of June 30,
   2008; $114,738 as of
   June 30, 2007)              8,371,081    8,618,252     (247,171)  (2.9)
  Total assets (2)          $177,413,501 $180,314,372  ($2,900,871)  (1.6)

  LIABILITIES
  Noninterest-bearing
   consumer and commercial
   deposits                  $22,184,774  $22,725,654    ($540,880)  (2.4)%
  Interest-bearing
   consumer and
   commercial deposits:
      NOW accounts            21,612,407   20,255,930    1,356,477    6.7
      Money market accounts   26,016,859   21,645,616    4,371,243   20.2
      Savings                  3,990,277    4,698,516     (708,239) (15.1)
      Consumer time           16,582,510   16,745,010     (162,500)  (1.0)
      Other time              12,046,718   11,751,246      295,472    2.5
          Total consumer
           and commercial
           deposits          102,433,545   97,821,972    4,611,573    4.7
  Brokered deposits
   (CDs at fair value:
  $547,295 as of June 30,
   2008; $282,889 as of
   June 30, 2007)             12,787,957   16,659,978   (3,872,021) (23.2)
  Foreign deposits             4,538,435    8,408,752   (3,870,317) (46.0)
      Total deposits         119,759,937  122,890,702   (3,130,765)  (2.5)
  Funds purchased              3,063,696    3,405,459     (341,763) (10.0)
  Securities sold under
   agreements to repurchase    5,156,986    6,081,096     (924,110) (15.2)
  Other short-term
   borrowings                  2,682,808    2,083,518      599,290   28.8
  Long-term debt (debt
   at fair value: $7,078,574
   as of June 30, 2008;
   $6,757,188 as of June 30,
   2007)                      21,327,576   20,604,933      722,643    3.5
  Trading liabilities          2,430,521    2,156,279      274,242   12.7
  Other liabilities
   (IRLCs and mortgage
   derivatives at fair value:
   $49,573 as of June 30,
   2008; $57,417 as of
   June 30, 2007)              5,084,825    5,723,532     (638,707) (11.2)
      Total liabilities      159,506,349  162,945,519   (3,439,170)  (2.1)


  SHAREHOLDERS' EQUITY
  Preferred stock, no
   par value                     500,000      500,000            -      -
  Common stock, $1.00 par
   value                         372,799      370,578        2,221    0.6
  Additional paid in
   capital                     6,799,935    6,589,387      210,548    3.2
  Retained earnings           10,924,650   10,739,449      185,201    1.7
  Treasury stock, at cost,
   and other                  (1,612,167)  (1,751,449)    (139,282)  (8.0)
  Accumulated other
   comprehensive income,
   net of tax                    921,935      920,888        1,047    0.1
      Total shareholders'
       equity                 17,907,152   17,368,853      538,299    3.1

      Total liabilities
       and shareholders'
       equity               $177,413,501 $180,314,372  ($2,900,871)  (1.6)

      Common shares
       outstanding           353,542,105  349,052,800    4,489,305    1.3
      Common shares
       authorized            750,000,000  750,000,000            -      -
      Preferred shares
       outstanding                 5,000        5,000            -      -
      Preferred shares
       authorized             50,000,000   50,000,000            -      -
      Treasury shares of
       common stock           19,257,264   21,525,598   (2,268,334) (10.5)

  (1) Includes net
       unrealized gains of    $1,655,504   $2,035,623    ($380,119) (18.7)%
  (2) Includes earning
       assets of             154,716,384  157,094,873   (2,378,489)  (1.5)

  (3) "NM" - Not meaningful. Those changes over 100 percent were not
      considered to be meaningful.



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

                                                         As of
                                               June 30           March 31
                                                 2008              2008

  ASSETS
  Cash and due from banks                     $3,564,824        $3,994,267
  Interest-bearing deposits in other banks        22,566            21,283
  Funds sold and securities purchased
   under agreements to resell                  1,920,276         1,247,495
  Trading assets                              10,327,795        10,932,251
  Securities available for sale (1)           15,118,073        15,882,088
  Loans held for sale                          5,260,892         6,977,289
  Loans:
    Commercial                                38,800,537        37,306,872
    Real estate:
      Home equity lines                       15,726,998        15,134,297
      Construction                            12,542,775        12,980,917
      Residential mortgages                   32,509,029        33,092,433
      Commercial real estate                  13,693,933        12,893,708
    Consumer:
      Direct                                   4,528,576         4,192,168
      Indirect                                 7,077,510         7,305,213
    Credit card                                  945,446           807,587
        Total loans                          125,824,804       123,713,195
  Allowance for loan and lease losses         (1,829,400)       (1,545,340)
       Net loans                             123,995,404       122,167,855
  Goodwill                                     7,056,015         6,923,033
  Other intangible assets                      1,442,056         1,430,268
  Other real estate owned                        334,519           244,906
  Other assets                                 8,371,081         9,166,212
       Total assets (2)                     $177,413,501      $178,986,947

  LIABILITIES
  Noninterest-bearing consumer and
   commercial deposits                       $22,184,774       $22,325,750
  Interest-bearing consumer and
   commercial deposits:
       NOW accounts                           21,612,407        22,292,330
       Money market accounts                  26,016,859        25,843,396
       Savings                                 3,990,277         3,990,007
       Consumer time                          16,582,510        16,876,836
       Other time                             12,046,718        12,104,125
            Total consumer and
             commercial deposits             102,433,545       103,432,444
  Brokered deposits                           12,787,957        11,034,332
  Foreign deposits                             4,538,435         1,712,504
       Total deposits                        119,759,937       116,179,280
  Funds purchased                              3,063,696         3,795,641
  Securities sold under agreements to
   repurchase                                  5,156,986         5,446,204
  Other short-term borrowings                  2,682,808         3,061,003
  Long-term debt                              21,327,576        23,602,919
  Trading liabilities                          2,430,521         2,356,037
  Other liabilities                            5,084,825         6,114,415
       Total liabilities                     159,506,349       160,555,499

  SHAREHOLDERS' EQUITY
  Preferred stock, no par value                  500,000           500,000
  Common stock, $1.00 par value                  372,799           370,578
  Additional paid in capital                   6,799,935         6,682,828
  Retained earnings                           10,924,650        10,661,250
  Treasury stock, at cost, and other          (1,612,167)       (1,692,117)
  Accumulated other comprehensive
   income, net of tax                            921,935         1,908,909
       Total shareholders' equity             17,907,152        18,431,448

       Total liabilities and
        shareholders' equity                $177,413,501      $178,986,947

       Common shares outstanding             353,542,105       349,832,264
       Common shares authorized              750,000,000       750,000,000
       Preferred shares outstanding                5,000             5,000
       Preferred shares authorized            50,000,000        50,000,000
       Treasury shares of common stock        19,257,264        20,746,134

  (1) Includes net unrealized gains of        $1,655,504        $2,835,823
  (2) Includes earning assets of             154,716,384       152,714,700


                                                     As of
                                    December 31    September 30    June 30
                                        2007           2007          2007

  ASSETS
  Cash and due from banks            $4,270,917    $4,162,456    $4,254,430
  Interest-bearing deposits in
   other banks                           24,355        29,684        25,991
  Funds sold and securities
   purchased under agreements
   to resell                          1,347,329       968,553     1,143,995
  Trading assets                     10,518,379     9,566,806    13,044,972
  Securities available for sale (1)  16,264,107    15,243,133    14,725,957
  Loans held for sale                 8,851,695     8,675,427    12,474,932
  Loans:
    Commercial                       35,929,400    34,969,714    34,362,837
    Real estate:
      Home equity lines              14,911,598    14,598,774    14,303,659
      Construction                   13,776,651    14,358,990    14,417,949
      Residential mortgages          32,779,744    31,603,884    30,759,216
      Commercial real estate         12,609,543    12,487,309    12,416,329
    Consumer:
      Direct                          3,963,869     4,419,290     4,391,739
      Indirect                        7,494,130     7,642,099     7,739,369
    Credit card                         854,059       668,353       396,624
        Total loans                 122,318,994   120,748,413   118,787,722
  Allowance for loan and lease
   losses                            (1,282,504)   (1,093,691)   (1,050,362)
       Net loans                    121,036,490   119,654,722   117,737,360
  Goodwill                            6,921,493     6,912,110     6,897,050
  Other intangible assets             1,362,995     1,327,060     1,290,460
  Other real estate owned               183,753       156,106       100,973
  Other assets                        8,792,420     9,161,172     8,618,252
       Total assets (2)            $179,573,933  $175,857,229  $180,314,372

  LIABILITIES
  Noninterest-bearing consumer and
   commercial deposits              $21,083,234   $20,857,240   $22,725,654
  Interest-bearing consumer and
   commercial deposits:
       NOW accounts                  22,558,374    20,319,435    20,255,930
       Money market accounts         24,522,640    24,011,524    21,645,616
       Savings                        3,917,099     4,376,155     4,698,516
       Consumer time                 17,264,208    17,037,866    16,745,010
       Other time                    12,524,470    12,231,832    11,751,246
            Total consumer and
             commercial deposits    101,870,025    98,834,052    97,821,972
  Brokered deposits                  11,715,024    14,188,886    16,659,978
  Foreign deposits                    4,257,601     2,836,775     8,408,752
       Total deposits               117,842,650   115,859,713   122,890,702
  Funds purchased                     3,431,185     1,512,054     3,405,459
  Securities sold under agreements
   to repurchase                      5,748,277     5,548,486     6,081,096
  Other short-term borrowings         3,021,358     2,971,761     2,083,518
  Long-term debt                     22,956,508    22,661,381    20,604,933
  Trading liabilities                 2,160,385     1,906,002     2,156,279
  Other liabilities                   6,361,052     7,490,585     5,723,532
       Total liabilities            161,521,415   157,949,982   162,945,519

  SHAREHOLDERS' EQUITY
  Preferred stock, no par value         500,000       500,000       500,000
  Common stock, $1.00 par value         370,578       370,578       370,578
  Additional paid in capital          6,707,293     6,709,002     6,589,387
  Retained earnings                  10,646,640    10,897,059    10,739,449
  Treasury stock, at cost, and
   other                             (1,779,142)   (1,821,360)   (1,751,449)
  Accumulated other comprehensive
   income, net of tax                 1,607,149     1,251,968       920,888
       Total shareholders' equity    18,052,518    17,907,247    17,368,853

       Total liabilities and
        shareholders' equity       $179,573,933  $175,857,229  $180,314,372

       Common shares outstanding    348,411,163   348,073,971   349,052,800
       Common shares authorized     750,000,000   750,000,000   750,000,000
       Preferred shares
        outstanding                       5,000         5,000         5,000
       Preferred shares authorized   50,000,000    50,000,000    50,000,000
       Treasury shares of common
        stock                        22,167,235    22,504,427    21,525,598

  (1) Includes net unrealized gains
       of                            $2,724,643    $2,391,606    $2,035,623
  (2) Includes earning assets of    154,397,231   151,228,575   157,094,873



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

                                                 Three Months Ended
                                                    June 30, 2008

                                                        Interest
                                           Average      Income/     Yields/
                                           Balances     Expense     Rates
  ASSETS
  Loans:
    Real estate 1-4 family                 $32,113.4      $507.0     6.32 %
    Real estate construction                11,471.9       149.5     5.24
    Real estate home equity lines           14,980.1       195.8     5.26
    Real estate commercial                  13,876.7       192.8     5.59
    Commercial - FTE (1)                    37,600.1       501.4     5.36
    Credit card                                816.0         5.4     2.62
    Consumer - direct                        4,382.4        63.4     5.82
    Consumer - indirect                      7,437.2       115.9     6.27
    Nonaccrual and restructured              2,514.1         7.5     1.20
      Total loans                          125,191.9     1,738.7     5.59
  Securities available for sale:
    Taxable                                 11,769.6       186.0     6.32
    Tax-exempt - FTE (1)                     1,057.5        16.0     6.05
      Total securities available for
       sale - FTE (1)                       12,827.1       202.0     6.30
  Funds sold and securities purchased
   under agreements to resell                1,331.1         6.7     2.00
  Loans held for sale                        5,148.5        72.5     5.63
  Interest-bearing deposits                     21.4         0.2     3.77
  Interest earning trading assets            7,963.0        74.5     3.76
      Total earning assets                 152,483.0     2,094.6     5.52
  Allowance for loan and lease losses       (1,828.7)
  Cash and due from banks                    3,070.1
  Other assets                              17,186.1
  Noninterest earning trading assets         2,342.4
  Unrealized gains on securities
   available for sale, net                   2,295.9
      Total assets                        $175,548.8

  LIABILITIES AND SHAREHOLDERS' EQUITY
  Interest-bearing deposits:
    NOW accounts                           $21,762.4       $62.5     1.15 %
    Money market accounts                   26,031.8       116.7     1.80
    Savings                                  3,939.1         3.9     0.40
    Consumer time                           16,726.7       165.2     3.97
    Other time                              11,921.1       118.8     4.01
      Total interest-bearing consumer
       and commercial deposits              80,381.1       467.1     2.34
    Brokered deposits                       11,135.4        93.4     3.32
    Foreign deposits                         3,932.9        19.3     1.95
      Total interest-bearing deposits       95,449.4       579.8     2.44
  Funds purchased                            2,792.5        13.5     1.92
  Securities sold under agreements to
   repurchase                                5,388.4        21.8     1.60
  Interest-bearing trading liabilities         849.2         6.6     3.12
  Other short-term borrowings                2,650.6        13.1     1.99
  Long-term debt                            22,298.6       274.8     4.96
      Total interest-bearing
       liabilities                         129,428.7       909.6     2.83
  Noninterest-bearing deposits              21,345.9
  Other liabilities                          5,162.4
  Noninterest-bearing trading liabilities    1,518.6
  Shareholders' equity                      18,093.2
      Total liabilities and
       shareholders' equity               $175,548.8

  Interest Rate Spread                                               2.69 %

  Net Interest Income - FTE (1)                         $1,185.0

  Net Interest Margin (2)                                            3.13 %


                                                  Three Months Ended
                                                   March 31, 2008

                                                        Interest
                                           Average      Income/     Yields/
                                           Balances     Expense     Rates
  ASSETS
  Loans:
    Real estate 1-4 family                 $32,440.0      $521.3     6.43 %
    Real estate construction                12,450.2       189.8     6.13
    Real estate home equity lines           14,603.0       234.3     6.45
    Real estate commercial                  13,113.1       201.3     6.17
    Commercial - FTE (1)                    36,374.6       539.2     5.96
    Credit card                                774.4         2.9     1.52
    Consumer - direct                        4,063.4        62.5     6.19
    Consumer - indirect                      7,645.3       120.2     6.32
    Nonaccrual and restructured              1,799.0         5.4     1.21
      Total loans                          123,263.0     1,876.9     6.12
  Securities available for sale:
    Taxable                                 12,087.1       186.8     6.18
    Tax-exempt - FTE (1)                     1,071.4        16.5     6.13
      Total securities available for
       sale - FTE (1)                       13,158.5       203.3     6.18
  Funds sold and securities purchased
   under agreements to resell                1,326.9         8.9     2.67
  Loans held for sale                        6,865.7        99.0     5.77
  Interest-bearing deposits                     21.9         0.2     4.54
  Interest earning trading assets            8,367.6        98.0     4.71
      Total earning assets                 153,003.6     2,286.3     6.01
  Allowance for loan and lease losses       (1,393.1)
  Cash and due from banks                    3,166.5
  Other assets                              17,076.4
  Noninterest earning trading assets         2,609.5
  Unrealized gains on securities
   available for sale, net                   2,454.0
      Total assets                        $176,916.9

  LIABILITIES AND SHAREHOLDERS' EQUITY
  Interest-bearing deposits:
    NOW accounts                           $21,981.1      $101.9     1.87 %
    Money market accounts                   25,342.7       154.7     2.46
    Savings                                  3,917.0         5.7     0.59
    Consumer time                           17,030.8       187.8     4.43
    Other time                              12,280.5       141.1     4.62
      Total interest-bearing consumer
       and commercial deposits              80,552.1       591.2     2.95
    Brokered deposits                       11,216.4       123.0     4.34
    Foreign deposits                         4,252.2        33.6     3.13
      Total interest-bearing deposits       96,020.7       747.8     3.13
  Funds purchased                            2,885.7        21.9     3.00
  Securities sold under agreements to
   repurchase                                5,889.4        35.1     2.36
  Interest-bearing trading liabilities         713.0         6.0     3.41
  Other short-term borrowings                2,887.6        22.8     3.17
  Long-term debt                            22,808.3       284.9     5.02
      Total interest-bearing liabilities   131,204.7     1,118.5     3.43
  Noninterest-bearing deposits              20,616.3
  Other liabilities                          5,347.4
  Noninterest-bearing trading
   liabilities                               1,686.8
  Shareholders' equity                      18,061.7
      Total liabilities and
       shareholders' equity               $176,916.9

  Interest Rate Spread                                               2.58 %

  Net Interest Income - FTE (1)                         $1,167.8

  Net Interest Margin (2)                                            3.07 %

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



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

                                                 Three Months Ended
                                                  December 31, 2007

                                                        Interest
                                           Average      Income/    Yields/
                                           Balances     Expense    Rates
  ASSETS
  Loans:
    Real estate 1-4 family                 $31,990.3      $517.4    6.47 %
    Real estate construction                13,250.9       238.8    7.15
    Real estate home equity lines           14,394.8       268.1    7.39
    Real estate commercial                  12,891.6       221.2    6.81
    Commercial - FTE (1)                    34,879.3       564.9    6.43
    Credit card                                690.1         2.1    1.23
    Consumer - direct                        3,949.3        70.7    7.10
    Consumer - indirect                      7,877.3       125.7    6.33
    Nonaccrual and restructured              1,170.7         4.3    1.45
      Total loans                          121,094.3     2,013.2    6.60
  Securities available for sale:
    Taxable                                 11,814.6       182.9    6.19
    Tax-exempt - FTE (1)                     1,054.0        16.0    6.07
      Total securities available for
       sale - FTE (1)                       12,868.6       198.9    6.18
  Funds sold and securities purchased
   under agreements to resell                1,066.1        11.6    4.25
  Loans held for sale                        8,777.6       139.2    6.34
  Interest-bearing deposits                     18.2         0.3    6.22
  Interest earning trading assets            7,716.2       112.8    5.80
      Total earning assets                 151,541.0     2,476.0    6.48
  Allowance for loan and lease losses       (1,114.9)
  Cash and due from banks                    3,462.6
  Other assets                              17,172.3
  Noninterest earning trading assets         1,660.9
  Unrealized gains on securities
   available for sale, net                   2,408.6
      Total assets                        $175,130.5

  LIABILITIES AND SHAREHOLDERS' EQUITY
  Interest-bearing deposits:
    NOW accounts                           $20,737.2      $121.0    2.32 %
    Money market accounts                   24,261.5       177.7    2.91
    Savings                                  4,177.7        11.1    1.05
    Consumer time                           17,170.7       197.2    4.56
    Other time                              12,353.3       151.5    4.87
      Total interest-bearing consumer
       and commercial deposits              78,700.4       658.5    3.32
    Brokered deposits                       12,771.1       168.2    5.15
    Foreign deposits                         2,945.9        32.6    4.33
      Total interest-bearing deposits       94,417.4       859.3    3.61
  Funds purchased                            2,151.4        24.1    4.38
  Securities sold under agreements to
   repurchase                                5,706.7        55.2    3.78
  Interest-bearing trading liabilities         504.2         3.5    2.75
  Other short-term borrowings                3,202.8        37.4    4.63
  Long-term debt                            22,808.1       301.7    5.25
      Total interest-bearing liabilities   128,790.6     1,281.2    3.95
  Noninterest-bearing deposits              20,948.1
  Other liabilities                          5,812.5
  Noninterest-bearing trading
   liabilities                               1,546.5
  Shareholders' equity                      18,032.8
      Total liabilities and
       shareholders' equity               $175,130.5

  Interest Rate Spread                                              2.53 %

  Net Interest Income - FTE (1)                         $1,194.8

  Net Interest Margin (2)                                           3.13 %


                                                 Three Months Ended
                                                 September 30, 2007

                                                        Interest
                                           Average      Income/    Yields/
                                           Balances     Expense    Rates
  ASSETS
  Loans:
    Real estate 1-4 family                 $31,003.5      $498.5    6.43 %
    Real estate construction                13,686.6       260.0    7.54
    Real estate home equity lines           14,133.1       279.5    7.85
    Real estate commercial                  12,759.3       225.3    7.01
    Commercial - FTE (1)                    34,247.9       562.6    6.52
    Credit card                                516.3         4.2    3.29
    Consumer - direct                        4,368.0        80.0    7.26
    Consumer - indirect                      7,966.4       124.6    6.21
    Nonaccrual and restructured                877.5         3.8    1.72
      Total loans                          119,558.6     2,038.5    6.76
  Securities available for sale:
    Taxable                                 11,546.2       179.7    6.23
    Tax-exempt - FTE (1)                     1,040.9        15.8    6.05
      Total securities available for
       sale - FTE (1)                       12,587.1       195.5    6.21
  Funds sold and securities purchased
   under agreements to resell                  872.5        11.1    4.99
  Loans held for sale                        9,748.0       155.6    6.39
  Interest-bearing deposits                     24.9         0.3    4.28
  Interest earning trading assets            9,536.5       141.2    5.88
      Total earning assets                 152,327.6     2,542.2    6.62
  Allowance for loan and lease losses       (1,059.1)
  Cash and due from banks                    3,417.2
  Other assets                              16,719.9
  Noninterest earning trading assets         1,155.9
  Unrealized gains on securities
   available for sale, net                   2,091.9
      Total assets                        $174,653.4

  LIABILITIES AND SHAREHOLDERS' EQUITY
  Interest-bearing deposits:
    NOW accounts                           $19,543.4      $117.9    2.39 %
    Money market accounts                   22,560.3       160.0    2.81
    Savings                                  4,456.5        13.3    1.19
    Consumer time                           16,839.9       193.4    4.56
    Other time                              11,862.4       146.3    4.89
      Total interest-bearing consumer
       and commercial deposits              75,262.5       630.9    3.33
    Brokered deposits                       15,806.3       214.6    5.31
    Foreign deposits                         5,333.6        68.8    5.05
      Total interest-bearing deposits       96,402.4       914.3    3.76
  Funds purchased                            2,291.3        28.9    4.94
  Securities sold under agreements to
   repurchase                                5,732.2        64.7    4.42
  Interest-bearing trading liabilities         354.1         3.4    3.85
  Other short-term borrowings                2,730.1        33.6    4.89
  Long-term debt                            21,143.5       278.1    5.22
      Total interest-bearing liabilities   128,653.6     1,323.0    4.08
  Noninterest-bearing deposits              21,445.1
  Other liabilities                          5,633.7
  Noninterest-bearing trading
   liabilities                               1,370.8
  Shareholders' equity                      17,550.2
      Total liabilities and
       shareholders' equity               $174,653.4

  Interest Rate Spread                                              2.54 %

  Net Interest Income - FTE (1)                         $1,219.2

  Net Interest Margin (2)                                           3.18 %


                                                 Three Months Ended
                                                   June 30, 2007

                                                        Interest
                                           Average      Income/    Yields/
                                           Balances     Expense    Rates
  ASSETS
  Loans:
    Real estate 1-4 family                 $30,754.4      $493.2    6.42 %
    Real estate construction                13,710.1       259.4    7.59
    Real estate home equity lines           13,849.7       272.4    7.89
    Real estate commercial                  12,731.8       220.8    6.95
    Commercial - FTE (1)                    33,607.7       539.6    6.44
    Credit card                                403.7         5.9    5.80
    Consumer - direct                        4,347.5        78.2    7.21
    Consumer - indirect                      8,063.6       123.1    6.12
    Nonaccrual and restructured                696.1         4.8    2.76
      Total loans                          118,164.6     1,997.4    6.78
  Securities available for sale:
    Taxable                                 11,014.3       167.7    6.09
    Tax-exempt - FTE (1)                     1,041.2        15.2    5.85
      Total securities available for
       sale - FTE (1)                       12,055.5       182.9    6.07
  Funds sold and securities purchased
   under agreements to resell                1,038.1        13.2    5.04
  Loans held for sale                       13,454.3       200.4    5.96
  Interest-bearing deposits                     24.1         0.3    5.74
  Interest earning trading assets           12,857.6       174.3    5.44
      Total earning assets                 157,594.2     2,568.5    6.54
  Allowance for loan and lease losses       (1,037.6)
  Cash and due from banks                    3,427.7
  Other assets                              16,626.9
  Noninterest earning trading assets           986.6
  Unrealized gains on securities
   available for sale, net                   2,398.7
      Total assets                        $179,996.5

  LIABILITIES AND SHAREHOLDERS' EQUITY
  Interest-bearing deposits:
    NOW accounts                           $20,065.8      $119.0    2.38 %
    Money market accounts                   21,773.3       142.0    2.62
    Savings                                  4,786.7        14.8    1.24
    Consumer time                           16,942.3       190.5    4.51
    Other time                              11,962.4       144.5    4.85
      Total interest-bearing consumer
       and commercial deposits              75,530.5       610.8    3.24
    Brokered deposits                       16,972.2       227.5    5.30
    Foreign deposits                         7,011.2        92.9    5.24
      Total interest-bearing deposits       99,513.9       931.2    3.75
  Funds purchased                            3,967.7        52.2    5.21
  Securities sold under agreements to
   repurchase                                6,339.0        74.4    4.64
  Interest-bearing trading liabilities         453.1         4.4    3.87
  Other short-term borrowings                2,262.3        28.3    5.02
  Long-term debt                            19,772.4       258.0    5.24
      Total interest-bearing liabilities   132,308.4     1,348.5    4.09
  Noninterest-bearing deposits              22,395.8
  Other liabilities                          6,185.4
  Noninterest-bearing trading
   liabilities                               1,178.8
  Shareholders' equity                      17,928.1
      Total liabilities and
       shareholders' equity               $179,996.5

  Interest Rate Spread                                              2.45 %

  Net Interest Income - FTE (1)                         $1,220.0

  Net Interest Margin (2)                                           3.10 %

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



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

                                                  Six Months Ended
                                                    June 30, 2008

                                                        Interest
                                           Average      Income/    Yields/
                                           Balances     Expense    Rates
  ASSETS
  Loans:
    Real estate 1-4 family                 $32,276.7    $1,028.4    6.37 %
    Real estate construction                11,961.1       339.3    5.70
    Real estate home equity lines           14,791.6       430.0    5.85
    Real estate commercial                  13,494.9       394.0    5.87
    Commercial - FTE (1)                    36,987.3     1,040.6    5.66
    Credit card                                795.2         8.3    2.09
    Consumer - direct                        4,222.9       125.9    6.00
    Consumer - indirect                      7,541.3       236.1    6.30
    Nonaccrual and restructured              2,156.5        12.9    1.21
      Total loans                          124,227.5     3,615.5    5.85
  Securities available for sale:
    Taxable                                 11,928.3       372.8    6.25
    Tax-exempt - FTE (1)                     1,064.5        32.4    6.09
      Total securities available for
       sale - FTE (1)                       12,992.8       405.2    6.24
  Funds sold and securities purchased
   under agreement to resell                 1,329.0        15.7    2.33
  Loans held for sale                        6,007.1       171.5    5.71
  Interest-bearing deposits                     21.6         0.5    4.16
  Interest earning trading assets            8,165.3       172.5    4.25
      Total earning assets                 152,743.3     4,380.9    5.77
  Allowance for loan and lease losses       (1,610.9)
  Cash and due from banks                    3,118.3
  Other assets                              17,131.2
  Noninterest earning trading assets         2,475.9
  Unrealized gains on securities
   available for sale, net                   2,375.0
      Total assets                        $176,232.8

  LIABILITIES AND SHAREHOLDERS' EQUITY
  Interest-bearing deposits:
    NOW accounts                           $21,871.7      $164.4    1.51 %
    Money market accounts                   25,687.2       271.4    2.12
    Savings                                  3,928.1         9.7    0.50
    Consumer time                           16,878.8       353.0    4.21
    Other time                              12,100.8       259.8    4.32
      Total interest-bearing consumer
       and commercial deposits              80,466.6     1,058.3    2.64
    Brokered deposits                       11,175.9       216.4    3.83
    Foreign deposits                         4,092.5        52.9    2.56
      Total interest-bearing deposits       95,735.0     1,327.6    2.79
  Funds purchased                            2,839.1        35.4    2.47
  Securities sold under agreements to
   repurchase                                5,638.9        56.9    2.00
  Interest-bearing trading liabilities         781.1        12.6    3.25
  Other short-term borrowings                2,769.1        35.9    2.60
  Long-term debt                            22,553.5       559.7    4.99
      Total interest-bearing liabilities   130,316.7     2,028.1    3.13
  Noninterest-bearing deposits              20,981.0
  Other liabilities                          5,254.9
  Noninterest-bearing trading
   liabilities                               1,602.7
  Shareholders' equity                      18,077.5
  Total liabilities and shareholders'
   equity                                 $176,232.8

  Interest Rate Spread                                              2.64 %

  Net Interest Income - FTE (1)                         $2,352.8

  Net Interest Margin (2)                                           3.10 %


                                                  Six Months Ended
                                                    June 30, 2007

                                                        Interest
                                           Average      Income/    Yields/
                                           Balances     Expense    Rates
  ASSETS
  Loans:
    Real estate 1-4 family                 $32,412.5    $1,020.6    6.30 %
    Real estate construction                13,571.0       512.1    7.61
    Real estate home equity lines           13,794.2       540.6    7.90
    Real estate commercial                  12,780.9       441.0    6.96
    Commercial - FTE (1)                    33,819.1     1,075.2    6.41
    Credit card                                386.7        11.3    5.87
    Consumer - direct                        4,284.3       154.2    7.26
    Consumer - indirect                      8,114.8       245.1    6.09
    Nonaccrual and restructured                667.0         9.2    2.80
      Total loans                          119,830.5     4,009.3    6.75
  Securities available for sale:
    Taxable                                  8,844.5       276.3    6.25
    Tax-exempt - FTE (1)                     1,040.0        30.5    5.86
      Total securities available for
       sale - FTE (1)                        9,884.5       306.8    6.21
  Funds sold and securities purchased
   under agreement to resell                 1,022.3        26.1    5.08
  Loans held for sale                       12,336.0       374.1    6.07
  Interest-bearing deposits                     26.4         0.8    5.71
  Interest earning trading assets           15,429.0       403.2    5.27
      Total earning assets                 158,528.7     5,120.3    6.51
  Allowance for loan and lease losses       (1,044.0)
  Cash and due from banks                    3,473.6
  Other assets                              16,450.8
  Noninterest earning trading assets           985.9
  Unrealized gains on securities
   available for sale, net                   2,352.2
      Total assets                        $180,747.2

  LIABILITIES AND SHAREHOLDERS' EQUITY
  Interest-bearing deposits:
    NOW accounts                           $19,943.6      $235.0    2.38 %
    Money market accounts                   21,930.3       284.8    2.62
    Savings                                  4,905.1        31.1    1.28
    Consumer time                           16,876.2       373.6    4.46
    Other time                              12,038.7       288.5    4.83
      Total interest-bearing consumer
       and commercial deposits              75,693.9     1,213.0    3.23
    Brokered deposits                       17,925.1       478.3    5.31
    Foreign deposits                         7,416.1       195.8    5.25
      Total interest-bearing deposits      101,035.1     1,887.1    3.77
  Funds purchased                            4,328.4       113.4    5.21
  Securities sold under agreements to
   repurchase                                6,552.4       154.0    4.67
  Interest-bearing trading liabilities         431.3         8.7    4.05
  Other short-term borrowings                2,011.8        50.0    5.01
  Long-term debt                            19,388.7       498.9    5.19
      Total interest-bearing liabilities   133,747.7     2,712.1    4.09
  Noninterest-bearing deposits              22,165.7
  Other liabilities                          5,844.1
  Noninterest-bearing trading
   liabilities                               1,164.9
  Shareholders' equity                      17,824.8
  Total liabilities and shareholders'
   equity                                 $180,747.2

  Interest Rate Spread                                              2.42 %

  Net Interest Income - FTE (1)                         $2,408.2

  Net Interest Margin (2)                                           3.06 %

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



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

                                            Three Months Ended
                                     June 30             Increase/(Decrease)
                                2008          2007        Amount      % (1)

   CREDIT DATA
   Allowance for loan and
    lease losses -
    beginning               $1,545,340    $1,033,939    $511,401      49.5 %
   Provision for loan
    losses                     448,027       104,680     343,347        NM
   Allowance associated
    with loans at fair
    value(2)                        -             -           -          -
   Allowance from GB&T
    acquisition                158,705            -      158,705        NM
   Charge-offs
        Commercial             (47,738)      (40,853)      6,885      16.9
        Real estate:
             Home equity
              lines            (94,857)      (24,429)     70,428        NM
             Construction      (35,399)       (1,468)     33,931        NM
             Residential
              mortgages       (126,055)      (19,615)    106,440        NM
             Commercial
              real estate         (563)         (694)       (131)    (18.9)
        Consumer:
             Direct             (7,852)       (5,362)      2,490      46.4
             Indirect          (43,101)      (19,301)     23,800        NM
               Total
                charge-offs   (355,565)     (111,722)    243,843        NM

   Recoveries
        Commercial               7,255         5,536       1,719      31.1
        Real estate:
             Home equity
              lines              5,650         2,323       3,327        NM
             Construction          182           244         (62)    (25.4)
             Residential
              mortgages          1,644         1,614          30       1.9
             Commercial
              real estate           35           162        (127)    (78.4)
        Consumer:
             Direct              2,119         2,568        (449)    (17.5)
             Indirect           16,008        11,018       4,990      45.3
               Total
                recoveries      32,893        23,465       9,428      40.2
   Net charge-offs            (322,672)      (88,257)    234,415        NM
   Allowance for loan and
    lease losses - ending   $1,829,400    $1,050,362    $779,038      74.2

   Net charge-offs to
    average loans
    (annualized)
        Commercial                0.42 %        0.42 %       -   %     -   %
        Real estate:
             Home equity
              lines               2.40          0.64        1.76        NM
             Construction         1.16          0.04        1.12        NM
             Residential
              mortgages           1.49          0.23        1.26        NM
             Commercial
              real estate         0.02          0.02         -         -
        Consumer:
             Direct               0.53          0.26        0.27        NM
             Indirect             1.46          0.41        1.05        NM
   Total net charge-offs to
    total average loans           1.04          0.30        0.74        NM

   Period Ended
   Nonaccrual loans
        Commercial            $117,168       $91,895     $25,273      27.5 %
        Real estate:
             Home equity
              lines            216,839        52,449     164,390        NM
             Construction      772,353        77,936     694,417        NM
             Residential
              mortgages      1,356,710       447,951     908,759        NM
             Commercial
              real estate      124,523        44,168      80,355        NM
        Consumer loans          37,735        22,401      15,334      68.5
               Total
                nonaccrual
                loans        2,625,328       736,800   1,888,528        NM
   Restructured loans          163,358        27,816     135,542        NM
   Total nonperforming
    loans                    2,788,686       764,616   2,024,070        NM
        Other real estate
         owned (OREO)          334,519       100,973     233,546        NM
        Other repossessed
         assets                 13,203         7,250       5,953      82.1
   Total nonperforming
    assets                  $3,136,408      $872,839  $2,263,569        NM

   Total accruing loans
    past due 90 days or
    more                      $753,558      $449,038    $304,520      67.8 %

   Total nonperforming
    loans to total loans          2.22 %        0.64 %      1.58 %      NM %
   Total nonperforming
    assets to total loans
    plus OREO and other
     repossessed assets           2.49          0.73        1.76        NM
   Allowance to period-end
    loans (3)                     1.46          0.89        0.57      64.0
   Allowance to
    nonperforming loans (4)       72.0         160.7       (88.7)    (55.2)
   Allowance to annualized
    net charge-offs               1.41 x        2.97 x     (1.56)x   (52.5)



                                             Six Months Ended
                                    June 30             Increase/(Decrease)
                               2008          2007        Amount      % (1)

   CREDIT DATA
   Allowance for loan and
    lease losses -
    beginning               $1,282,504    $1,044,521    $237,983      22.8 %
   Provision for loan
    losses                   1,008,049       161,121     846,928        NM
   Allowance associated
    with loans at fair
    value(2)                        -         (4,100)     (4,100)    100.0
   Allowance from GB&T
    acquisition                158,705            -      158,705        NM
   Charge-offs
        Commercial             (86,027)      (63,133)     22,894      36.3
        Real estate:
             Home equity
              lines           (193,459)      (40,301)    153,158        NM
             Construction      (58,581)       (2,066)     56,515        NM
             Residential
              mortgages       (235,241)      (33,908)    201,333        NM
             Commercial
              real estate         (796)         (981)       (185)    (18.9)
        Consumer:
             Direct            (18,167)      (11,218)      6,949      61.9
             Indirect          (85,990)      (45,062)     40,928      90.8
               Total
                charge-offs   (678,261)     (196,669)    481,592        NM

   Recoveries
        Commercial              12,991        11,307       1,684      14.9
        Real estate:
             Home equity
              lines              8,018         3,506       4,512        NM
             Construction          260           363        (103)    (28.4)
             Residential
              mortgages          2,867         3,027        (160)     (5.3)
             Commercial
              real estate          197           203          (6)     (3.0)
        Consumer:
             Direct              4,500         5,021        (521)    (10.4)
             Indirect           29,570        22,062       7,508      34.0
               Total
                recoveries      58,403        45,489      12,914      28.4
   Net charge-offs            (619,858)     (151,180)    468,678        NM
   Allowance for loan and
    lease losses - ending   $1,829,400    $1,050,362    $779,038      74.2

   Net charge-offs to
    average loans (annualized)
        Commercial                0.39 %        0.30 %      0.09 %    27.2 %
        Real estate:
             Home equity
              lines               2.52          0.54        1.98        NM
             Construction         0.93          0.03        0.90        NM
             Residential
              mortgages           1.39          0.19        1.20        NM
             Commercial
              real estate         0.01          0.01         -        -
        Consumer:
             Direct               0.65          0.29        0.36        NM
             Indirect             1.50          0.57        0.93        NM
   Total net charge-offs to
    total average loans           1.00          0.25        0.75        NM


  (1) "NM" - Not meaningful. Those changes over 100 percent were not
      considered to be meaningful.
  (2) Amount removed from the allowance for loan losses related to the
      Company's election to record $4.1 billion of residential mortgages at
      fair value.
  (3) During the second quarter of 2008, the Company revised its method of
      calculating this ratio to include, within the period-end loan amount,
      only loans measured at amortized cost. Previously, period-end loans
      included loans measured at fair value or the lower of cost or market.
      The Company believes this is an improved method of calculation due to
      the fact that the allowance for loan losses relates solely to the
      loans measured at amortized cost. Loans measured at fair value or the
      lower of cost or market that have been excluded from the prior period
      calculation were $110,841, which did not change the calculation by
      more than one basis point as of June 30, 2007.
  (4) During the second quarter of 2008, the Company revised its method of
      calculating this ratio to include, within the nonperforming loan
      amount, only loans measured at amortized cost. Previously, this
      calculation included nonperforming loans measured at fair value or the
      lower of cost or market. The Company believes this is an improved
      method of calculation due to the fact that the allowance for loan
      losses relates solely to the loans measured at amortized cost.
      Nonperforming loans measured at fair value or the lower of cost or
      market that have been excluded from the prior period calculation were
      $110,841, which increased the calculation approximately 23 basis
      points as of June 30, 2007.

PRNewswire-FirstCall -- July 22
SECOND AND FINAL ADD -- ADDITIONAL TABULAR MATERIAL -- TO FOLLOW

SOURCE: SunTrust Banks, Inc.