News Releases

Back to News Releases

/SECOND AND FINAL ADD -- CLTU045 -- SunTrust Banks, Inc./

PRNewswire
Jul 22, 2008

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

                                            Three Months Ended
                             June 30       March 31    Increase/(Decrease)
                               2008          2008        Amount      % (1)

   CREDIT DATA
   Allowance for loan and
    lease losses -
    beginning               $1,545,340    $1,282,504    $262,836      20.5 %
   Provision for loan
    losses                     448,027       560,022    (111,995)    (20.0)
   Allowance from GB&T
    acquisition                158,705           -       158,705        NM
   Charge-offs
        Commercial             (47,738)      (38,289)      9,449      24.7
        Real estate:
             Home equity
              lines            (94,857)      (98,602)     (3,745)     (3.8)
             Construction      (35,399)      (23,182)     12,217      52.7
             Residential
              mortgages       (126,055)     (109,186)     16,869      15.4
             Commercial
              real estate         (563)         (233)        330        NM
        Consumer:
             Direct             (7,852)      (10,315)     (2,463)    (23.9)
             Indirect          (43,101)      (42,889)        212       0.5
               Total
                charge-offs   (355,565)     (322,696)     32,869      10.2
                                     -
   Recoveries
        Commercial               7,255         5,736       1,519      26.5
        Real estate:
             Home equity
              lines              5,650         2,368       3,282        NM
             Construction          182            78         104        NM
             Residential
              mortgages          1,644         1,223         421      34.4
             Commercial
              real estate           35           162        (127)    (78.4)
        Consumer:
             Direct              2,119         2,381        (262)    (11.0)
             Indirect           16,008        13,562       2,446      18.0
               Total
                recoveries      32,893        25,510       7,383      28.9
   Net charge-offs            (322,672)     (297,186)     25,486       8.6
   Allowance for loan and
    lease losses - ending   $1,829,400    $1,545,340    $284,060      18.4

   Net charge-offs to
    average loans
    (annualized)
        Commercial                0.42 %        0.35 %      0.07 %    20.7 %
        Real estate:
             Home equity
              lines               2.40          2.65       (0.25)     (9.6)
             Construction         1.16          0.72        0.44      61.1
             Residential
              mortgages           1.49          1.29        0.20      15.4
             Commercial
              real estate         0.02           -          0.02        NM
        Consumer:
             Direct               0.53          0.79       (0.26)    (33.4)
             Indirect             1.46          1.53       (0.07)     (4.7)
   Total net charge-offs to
    total average loans           1.04          0.97        0.07       7.2

  Period Ended
   Nonaccrual loans
        Commercial            $117,168       $97,930     $19,238      19.6 %
        Real estate:
             Home equity
              lines            216,839       193,153      23,686      12.3
             Construction      772,353       520,704     251,649      48.3
             Residential
              mortgages      1,356,710     1,115,071     241,639      21.7
             Commercial
              real estate      124,523        64,251      60,272      93.8
        Consumer loans          37,735        46,851      (9,116)    (19.5)
               Total
                nonaccrual
                loans        2,625,328     2,037,960     587,368      28.8
   Restructured loans          163,358        30,787     132,571        NM
   Total nonperforming
    loans                    2,788,686     2,068,747     719,939      34.8
        Other real estate
         owned (OREO)          334,519       244,906      89,613      36.6
        Other repossessed
         assets                 13,203         6,340       6,863        NM
   Total nonperforming
    assets                  $3,136,408    $2,319,993    $816,415      35.2

   Total accruing loans
    past due 90 days or
    more                      $753,558      $743,969      $9,589       1.3 %

   Total nonperforming
    loans to total loans          2.22 %        1.67 %      0.55 %    32.9 %
   Total nonperforming
    assets to total loans
    plus OREO and other
    repossessed assets            2.49          1.87        0.62      33.2
   Allowance to period-end
    loans (2)                     1.46          1.25        0.21      16.8
   Allowance to
    nonperforming loans (3)       72.0          81.6        (9.6)    (11.7)
   Allowance to annualized
    net charge-offs               1.41 x        1.29 x      0.12 x     9.3


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

   CREDIT DATA
   Allowance for loan and lease
    losses - beginning              $1,093,691    $1,050,362    $1,033,939
   Provision for loan losses           356,781       147,020       104,680
   Allowance from GB&T acquisition         -             -             -
   Charge-offs
        Commercial                     (38,239)      (39,487)      (40,853)
        Real estate:
             Home equity lines         (46,842)      (29,075)      (24,429)
             Construction               (7,616)       (2,477)       (1,468)
             Residential mortgages     (59,319)      (19,853)      (19,615)
             Commercial real estate       (299)         (789)         (694)
        Consumer:
             Direct                     (6,630)       (5,661)       (5,362)
             Indirect                  (32,448)      (28,944)      (19,301)
               Total charge-offs      (191,393)     (126,286)     (111,722)

   Recoveries
        Commercial                       6,613         6,322         5,536
        Real estate:
             Home equity lines           2,182         2,101         2,323
             Construction                  705            82           244
             Residential mortgages       1,328         1,107         1,614
             Commercial real estate        846           861           162
        Consumer:
             Direct                      2,484         2,108         2,568
             Indirect                    9,267        10,014        11,018
               Total recoveries         23,425        22,595        23,465
   Net charge-offs                    (167,968)     (103,691)      (88,257)
   Allowance for loan and lease
    losses - ending                 $1,282,504    $1,093,691    $1,050,362

   Net charge-offs to average
    loans (annualized)
        Commercial                        0.35 %        0.38 %        0.42 %
        Real estate:
             Home equity lines            1.23          0.76          0.64
             Construction                 0.20          0.07          0.04
             Residential mortgages        0.70          0.24          0.23
             Commercial real estate      (0.02)          -            0.02
        Consumer:
             Direct                       0.42          0.32          0.26
             Indirect                     1.16          0.94          0.41
   Total net charge-offs to total
    average loans                         0.55          0.34          0.30

   Period Ended
   Nonaccrual loans
        Commercial                     $74,463       $74,246       $91,895
        Real estate:
             Home equity lines         135,700        80,966        52,449
             Construction              295,335       158,194        77,936
             Residential mortgages     841,376       595,856       447,951
             Commercial real estate     44,502        40,649        44,168
        Consumer loans                  39,031        24,880        22,401
               Total nonaccrual
                loans                1,430,407       974,791       736,800
   Restructured loans                   29,851        29,057        27,816
   Total nonperforming loans         1,460,258     1,003,848       764,616
        Other real estate owned
         (OREO)                        183,753       156,106       100,973
        Other repossessed assets        11,536         9,974         7,250
   Total nonperforming assets       $1,655,547    $1,169,928      $872,839

   Total accruing loans past due 90
    days or more                      $611,003      $495,384      $449,038

   Total nonperforming loans to
    total loans                           1.19 %        0.83 %        0.64 %
   Total nonperforming assets to
    total loans plus OREO and other
    repossessed assets                    1.35          0.97          0.73
   Allowance to period-end loans (2)      1.05          0.91          0.89
   Allowance to nonperforming loans (3)   99.5         125.2         160.7
   Allowance to annualized net
    charge-offs                           1.92 x        2.66 x        2.97 x


  (1) "NM" - Not meaningful. Those changes over 100 percent were not
      considered to be meaningful.
  (2) 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 periods
      calculation were $450,662, $392,259, $131,514, and $110,841, as of
      March 31, 2008, December 31, 2007, September 30, 2007 and June 30,
      2007, respectively, which did not change the calculation by more than
      one basis point as of March 31, 2008, December 31, 2007, September 30,
      2007 or June 30, 2007, respectively.
  (3) 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 periods calculation were
      $173,752, $171,475, $129,962, and $110,841, as of March 31, 2008,
      December 31, 2007, September 30, 2007 and June 30, 2007, respectively,
      which increased the calculation approximately 7, 12, 16, and 23 basis
      points as of March 31, 2008, December 31, 2007, September 30, 2007 and
      June 30, 2007, respectively.



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

                                             Three Months Ended
                                                  June 30

                                 Core        Mortgage
                                 Deposit     Servicing
                                 Intangible  Rights      Other      Total
  OTHER INTANGIBLE ASSET
   ROLLFORWARD
  Balance, beginning of period   $222,829    $921,255  $149,373  $1,293,457
  Amortization                    (17,255)    (46,578)   (7,649)    (71,482)
  Mortgage Servicing Rights
   ("MSRs") originated                  -     182,991         -     182,991
  Purchase of GenSpring
   (formerly AMA, LLC) minority
   shares                               -           -     1,150       1,150
  Intangible assets obtained
   from sale upon merger of
   Lighthouse Partners, net(1)          -           -         -           -
  Sale/securitization of MSRs           -    (115,656)        -    (115,656)
  Balance June 30, 2007          $205,574    $942,012  $142,874  $1,290,460

  Balance, beginning of period   $157,703  $1,143,405  $129,160  $1,430,268
  Amortization                    (14,228)    (56,634)   (5,506)    (76,368)
  MSRs originated                       -     145,974         -     145,974
  MSRs impairment reserve               -           -         -           -
  MSRs impairment recovery              -       1,881         -       1,881
  Sale of interest in Lighthouse
   Partners                             -           -         -           -
  Sale/securitization of MSRs           -     (41,176)        -     (41,176)
  Customer intangible impairment
   charge                               -           -   (45,000)    (45,000)
  Acquisition of GB&T              29,510           -         -      29,510
  Sale of First Mercantile              -           -    (3,033)     (3,033)
  Balance June 30, 2008          $172,985  $1,193,450   $75,621  $1,442,056


                                              Six Months Ended
                                                  June 30

                                 Core        Mortgage
                                 Deposit     Servicing
                                 Intangible  Rights      Other      Total
  OTHER INTANGIBLE ASSET
   ROLLFORWARD
  Balance, beginning of period   $241,614    $810,509  $129,861  $1,181,984
  Amortization                    (36,040)    (87,937)  (12,407)   (136,384)
  Mortgage Servicing Rights
   ("MSRs") originated                  -     335,096         -     335,096
  Purchase of GenSpring
   (formerly AMA, LLC) minority
   shares                               -           -     1,278       1,278
  Intangible assets obtained
   from sale upon merger of
   Lighthouse Partners, net(1)          -           -    24,142      24,142
  Sale/securitization of MSRs           -    (115,656)        -    (115,656)
  Balance June 30, 2007          $205,574    $942,012  $142,874  $1,290,460

  Balance, beginning of period   $172,655  $1,049,425  $140,915  $1,362,995
  Amortization                    (29,180)   (113,077)  (11,269)   (153,526)
  MSRs originated                       -     298,278         -     298,278
  MSRs impairment reserve               -      (1,881)        -      (1,881)
  MSRs impairment recovery              -       1,881         -       1,881
  Sale of interest in Lighthouse
   Partners                             -           -    (5,992)     (5,992)
  Sale/securitization of MSRs           -     (41,176)        -     (41,176)
  Customer intangible impairment
   charge                               -           -   (45,000)    (45,000)
  Acquisition of GB&T              29,510           -         -      29,510
  Sale of First Mercantile              -           -    (3,033)     (3,033)
  Balance June 30, 2008          $172,985  $1,193,450   $75,621  $1,442,056


                                            Three Months Ended

                           June 30 March 31 December 31 September 30 June 30
                             2008    2008      2007        2007       2007

  COMMON SHARE ROLLFORWARD
  Beginning balance         349,832  348,411  348,074    349,053   356,505
  Common shares
   issued/exchanged for
   employee benefit plans,
   stock option,
   performance and
   restricted stock
   activity                   1,489    1,421      337        483     1,228
  Common shares issued for
   acquisition of GB&T        2,221        -        -          -         -
  Acquisition of treasury
   stock                          -        -        -     (1,462)   (8,680)
  Ending balance            353,542  349,832  348,411    348,074   349,053


  COMMON STOCK REPURCHASE
   ACTIVITY
  Number of common shares
   repurchased (2)               19       17       12      1,472     8,715
  Average price per share of
   repurchased common shares $57.76   $62.38   $69.31     $81.00    $87.02
  Total cost to acquire
   treasury shares              $-       $-       $-         $-   $853,386
  Maximum number of common
   shares that may yet be
   purchased under plans or
   programs (3)              30,000   30,000   30,000     30,000     2,471


  (1) During the first quarter of 2007 SunTrust merged its wholly-owned
      subsidiary, Lighthouse Partners, into Lighthouse Investment Partners,
      LLC in exchange for a minority interest in Lighthouse Investment
      Partners, LLC and a revenue-sharing agreement. This transaction
      resulted in a $7.9 million decrease in existing intangible assets and
      a new intangible asset of $32.0 million.
  (2) This figure includes shares repurchased pursuant to SunTrust's
      employee stock option plans, pursuant to which participants may pay
      the exercise price upon exercise of SunTrust stock options by
      surrendering shares of SunTrust common stock which the participant
      already owns.
  (3) In August 2006, the Board authorized the Company to repurchase up to
      an additional $1 billion or 13,333,334 shares of the Company's Common
      Stock, under which authority the Company repurchased 9,926,589 shares
      during 2006 under an Accelerated Share Repurchase Agreement ("ASR").
      The 3,406,745 shares remaining under the August 2006 authorization,
      combined with 8,360,000 shares remaining under Board Authorization
      from April 2006, left the Company with authorization to repurchase up
      to 11,766,745 shares as of January 1, 2007. The Company completed the
      aforementioned ASR with the repurchase of 615,514 shares during the
      first quarter of 2007. During 2007, the Company entered into a second
      ASR, as announced in the Company's 8-K filing on June 7, 2007, by
      repurchasing 8,022,254 shares during the second quarter of 2007. This
      ASR was completed in the third quarter of 2007 when the Company
      received, without additional payment, an additional 1,462,091 shares.
      On August 14, 2007, the Board of Directors authorized the Company to
      repurchase up to 30 million shares of common stock and specified that
      such authorization replaced (terminated) existing unused
      authorizations.



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


                                                      Three Months Ended
                                                  June 30          March 31
                                                   2008             2008
  NON-GAAP MEASURES PRESENTED IN THE
   EARNINGS RELEASE

  Net income                                     $540,362          $290,555
  Securities (gains)/losses, net of tax          (345,807)           37,563
  Net income excluding net securities
   (gains)/ losses, net of tax                    194,555           328,118
  The Coca-Cola Company dividend, net
   of tax                                         (14,738)          (14,738)
  Net income/(loss) excluding net
   securities
   (gains)/losses and The Coca-Cola
   Company dividend                               179,817           313,380

  Preferred dividends                               5,112             6,977
  Net income/(loss) available to common
   shareholders excluding net securities
   (gains)/losses and The Coca-Cola
   Company dividend                              $174,705          $306,403

  Total average assets                       $175,548,768      $176,916,901
  Average net unrealized securities gains      (2,295,932)       (2,453,981)
  Average assets less net unrealized
   securities gains                          $173,252,836      $174,462,920

  Total average common shareholders' equity   $17,593,229       $17,561,709
  Average accumulated other comprehensive
   income                                      (1,488,305)       (1,533,427)
  Total average realized common
   shareholders' equity                       $16,104,924       $16,028,282

  Return on average total assets                     1.24%             0.66%
  Impact of excluding net realized and
   unrealized securities (gains)/losses
   and The Coca-Cola Company dividend               (0.82)             0.06
  Return on average total assets less
   net unrealized securities gains (1)               0.42%             0.72%

  Return on average common shareholders'
   equity                                           12.24%             6.49%
  Impact of excluding net realized and
   unrealized securities (gains)/losses
   and The Coca-Cola Company dividend               (7.88)             1.20
  Return on average realized common
   shareholders' equity (2)                          4.36%             7.69%

  Efficiency ratio (3)                              53.06%            56.40%
  Impact of excluding amortization/impairment
   of intangible assets other than MSRs             (2.49)            (0.93)
  Tangible efficiency ratio (4)                     50.57%            55.47%

  Total shareholders' equity                  $17,907,152       $18,431,448
  Goodwill                                     (7,056,015)       (6,923,033)
  Other intangible assets including MSRs       (1,442,056)       (1,430,268)
  MSRs                                          1,193,450         1,143,405
  Tangible equity                             $10,602,531       $11,221,552

  Total assets                               $177,413,501      $178,986,947
  Goodwill                                     (7,056,015)       (6,923,033)
  Other intangible assets including MSRs       (1,442,056)       (1,430,268)
  MSRs                                          1,193,450         1,143,405
  Tangible assets                            $170,108,880      $171,777,051

  Tangible equity to tangible assets (5)             6.23%             6.53%

  Net interest income                          $1,156,716        $1,139,867
  Taxable-equivalent adjustment                    28,256            27,975
  Net interest income - FTE                     1,184,972         1,167,842
  Noninterest income                            1,413,010         1,057,502
  Total revenue - FTE                           2,597,982      2,225,344.00
  Securities (gains)/losses, net                 (549,787)           60,586
  Total revenue - FTE excluding
   securities (gains)/losses, net (6)          $2,048,195        $2,285,930


  CALCULATION OF PRO FORMA TIER 1               As of
   CAPITAL                                   June 30, 2008

  Estimated Tier 1 Capital                    $12,521,872
  Impact of July 15, 2008 Tier 1 Coca-Cola
   Company Agreements                             727,924
  Impact of July charitable gift to
   SunTrust Foundation                             68,527
  Pro forma Tier 1 Capital                    $13,318,323



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

  NON-GAAP MEASURES
   PRESENTED IN THE EARNINGS
   RELEASE

  Net income                            $11,124      $420,164      $681,431
  Securities (gains)/losses, net
   of tax                                (3,530)         (614)     (146,575)
  Net income excluding net
   securities (gains)/losses, net
   of tax                                 7,594       419,550       534,856
  The Coca-Cola Company dividend,
   net of tax                           (13,206)      (13,210)      (13,218)
  Net income/(loss) excluding net
   securities (gains)/losses and
   The Coca-Cola Company dividend        (5,612)      406,340       521,638

  Preferred dividends                     7,867         7,526         7,519
  Net income/(loss) available to
   common shareholders excluding
   net securities (gains)/losses
   and The Coca-Cola Company
   dividend                            ($13,479)     $398,814      $514,119

  Total average assets             $175,130,464  $174,653,377  $179,996,457
  Average net unrealized
   securities gains                  (2,408,596)   (2,091,892)   (2,398,651)
  Average assets less net
   unrealized securities gains     $172,721,868  $172,561,485  $177,597,806

  Total average common
   shareholders' equity             $17,532,786   $17,050,182   $17,428,101
  Average accumulated other
   comprehensive income              (1,292,785)     (998,561)   (1,206,487)
  Total average realized common
   shareholders' equity             $16,240,001   $16,051,621   $16,221,614

  Return on average total assets           0.03%         0.95%         1.52%
  Impact of excluding net realized
  and unrealized securities (gains)
  /losses and The Coca-Cola Company
  dividend                                (0.04)        (0.02)        (0.34)
  Return on average total 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%
  Impact of excluding net realized
   and unrealized securities (gains)/
   losses and The Coca-Cola Company
   dividend                               (0.40)         0.26         (2.80)
  Return on average realized common
   shareholders' equity (2)               (0.33)%        9.86%        12.71%

  Efficiency ratio (3)                    82.19%        63.35%        52.69%
  Impact of excluding amortization/
   impairment of intangible assets
   other than MSRs                        (1.33)        (1.22)        (1.05)
  Tangible efficiency ratio (4)           80.86%        62.13%        51.64%

  Total shareholders' equity        $18,052,518   $17,907,247   $17,368,853
  Goodwill                           (6,921,493)   (6,912,110)   (6,897,050)
  Other intangible assets
   including MSRs                    (1,362,995)   (1,327,060)   (1,290,460)
  MSRs                                1,049,426       995,984       942,012
  Tangible equity                   $10,817,456   $10,664,061   $10,123,355

  Total assets                     $179,573,933  $175,857,229  $180,314,372
  Goodwill                           (6,921,493)   (6,912,110)   (6,897,050)
  Other intangible assets
   including MSRs                    (1,362,995)   (1,327,060)   (1,290,460)
  MSRs                                1,049,426       995,984       942,012
  Tangible assets                  $172,338,871  $168,614,043  $173,068,874

  Tangible equity to
   tangible assets (5)                     6.28%         6.32%         5.85%

  Net interest income                $1,167,513    $1,192,188    $1,195,284
  Taxable-equivalent adjustment          27,244        27,055        24,668
  Net interest income - FTE           1,194,757     1,219,243     1,219,952
  Noninterest income                    576,017       819,139     1,154,622
  Total revenue - FTE              1,770,774.00  2,038,382.00  2,374,574.00
  Securities (gains)/losses,
   net                                   (5,694)         (991)     (236,412)
  Total revenue - FTE
   excluding securities
   (gains)/losses, net (6)           $1,765,080    $2,037,391    $2,138,162


  CALCULATION OF PRO FORMA
   TIER 1 CAPITAL

  Estimated Tier 1 Capital
  Impact of July 15, 2008
   Tier 1 Coca-Cola Company
   Agreements
  Impact of July charitable
   gift to SunTrust
   Foundation
  Pro forma Tier 1 Capital



                                                      Six Months Ended
                                                  June 30          June 30
                                                   2008             2007

  NON-GAAP MEASURES PRESENTED IN THE
   EARNINGS RELEASE
  Net income                                     $830,917        $1,202,727
  Securities (gains)/losses, net of tax          (308,244)         (146,588)
  Net income excluding net securities (gains)
   /losses, net of tax                            522,673         1,056,139
  The Coca-Cola Company dividend, net of tax      (29,477)          (27,798)
  Net income/(loss) excluding net securities
   (gains)/losses and The Coca-Cola Company
   dividend                                       493,196         1,028,341

  Preferred dividends                              12,089            14,882
  Net income/(loss) available to common
   shareholders excluding net securities
   (gains)/losses and The Coca-Cola Company
   dividend                                      $481,107        $1,013,459

  Total average assets                       $176,232,836      $180,747,241
  Average net unrealized securities gains      (2,374,957)       (2,352,236)
  Average assets less net unrealized
   securities gains                          $173,857,879      $178,395,005

  Total average common shareholders' equity    17,577,470       $17,324,815
  Average accumulated other comprehensive
   income                                      (1,510,866)       (1,140,856)
  Total average realized common shareholders'
   equity                                     $16,066,604       $16,183,959

  Return on average total assets                     0.95%             1.34%
  Impact of excluding net realized and
   unrealized securities (gains)/losses and
   The Coca-Cola Company dividend                   (0.38)            (0.18)
  Return on average total assets less
   net unrealized securities gains (1)               0.57%             1.16%

  Return on average common shareholders'
   equity                                            9.37%            13.83%
  Impact of excluding net realized and
   unrealized securities (gains)/losses and
   The Coca-Cola Company dividend                   (3.35)            (1.20)
  Return on average realized common
   shareholders' equity (2)                          6.02%            12.63%

  Efficiency ratio (3)                              54.60%            56.00%
  Impact of excluding amortization/impairment
   of intangible assets other than MSRs             (1.77)            (1.09)
  Tangible efficiency ratio (4)                     52.83%            54.91%

  Total shareholders' equity
  Goodwill
  Other intangible assets including MSRs
  MSRs
  Tangible equity

  Total assets
  Goodwill
  Other intangible assets including MSRs
  MSRs
  Tangible assets

  Tangible equity to tangible assets (5)

  Net interest income                          $2,296,583        $2,359,843
  Taxable-equivalent adjustment                    56,231            48,381
  Net interest income - FTE                     2,352,814         2,408,224
  Noninterest income                            2,470,512         2,033,528
  Total revenue - FTE                        4,823,326.00      4,441,752.00
  Securities (gains)/losses, net                 (489,201)         (236,432)
  Total revenue - FTE excluding securities
   (gains)/losses, net (6)                     $4,334,125        $4,205,320


  CALCULATION OF PRO FORMA TIER 1
   CAPITAL

  Estimated Tier 1 Capital
  Impact of July 15, 2008 Tier 1 Coca-
   Cola Company Agreements
  Impact of July charitable gift to
   SunTrust Foundation
  Pro forma Tier 1 Capital


  1) SunTrust presents a return on average assets less net unrealized gains
     on securities. The foregoing numbers primarily reflect adjustments to
     remove the effects of the securities portfolio which includes the
     ownership by the Company of 33.6 million shares of The Coca-Cola
     Company as of June 30, 2008. 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, net of tax, by average assets less net
     unrealized securities gains.
  2) The Company believes that the return on average realized common
     shareholders' equity is more indicative of the Company's return on
     equity because the excluded equity relates primarily to the holding of
     a specific security. The return on average realized common
     shareholders' equity is computed by dividing annualized net income
     available to common shareholders, excluding securities gains/losses and
     The Coca-Cola Company dividend, net of tax, by average realized common
     shareholders' equity.
  3) Computed by dividing noninterest expense by total revenue - FTE. The
     efficiency ratios are presented on an FTE basis. The FTE basis adjusts
     for the tax-favored status of net interest income from certain loans
     and investments. The Company believes this measure to be the preferred
     industry measurement of net interest income and it enhances
     comparability of net interest income arising from taxable and
     tax-exempt sources.
  4) SunTrust presents a tangible efficiency ratio which excludes the
     amortization/impairment of intangible assets other than MSRs. The
     Company believes this measure is useful to investors because, by
     removing the effect of these intangible asset costs (the level of which
     may vary from company to company), it allows investors to more easily
     compare the Company's efficiency to other companies in the industry.
     This measure is utilized by management to assess the efficiency of the
     Company and its lines of business.
  5) SunTrust presents a tangible equity to tangible assets ratio that
     excludes the impact of purchase accounting intangible assets. The
     Company believes this measure is useful to investors because, by
     removing the effect of intangible assets that result from merger and
     acquisition activity (the level of which may vary from company to
     company), it allows investors to more easily compare the Company's
     capital adequacy to other companies in the industry. This measure is
     used by management to analyze capital adequacy.
  6) SunTrust presents total revenue-FTE excluding realized securities
     (gains)/losses, net. The Company believes noninterest income without
     net securities (gains)/losses is more indicative of the Company's
     performance because it isolates income that is primarily customer
     relationship and customer transaction driven and is more indicative of
     normalized operations.




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

                                          Three Months Ended
                                                                  Sequential
                                                    Increase/     Annualized
                          June 30     March 31     (Decrease)(2)      (1,2)
                            2008        2008      Amount       %         %

  STATEMENTS OF INCOME

  NET INTEREST INCOME    $1,156,716  $1,139,867   $16,849     1.5%      5.9%
  Provision for loan
   losses                   448,027     560,022  (111,995)   (20.0)   (80.0)
  NET INTEREST INCOME
   AFTER PROVISION
   FOR LOAN LOSSES          708,689     579,845   128,844     22.2     88.9

  NONINTEREST INCOME

  Service charges on
   deposit accounts         230,296     211,839    18,457      8.7     34.9
  Trust and investment
   management income        157,319     161,102    (3,783)    (2.3)    (9.4)
  Retail investment
   services                  73,764      72,300     1,464      2.0      8.1
  Other charges and fees    129,581     127,231     2,350      1.8      7.4
  Investment banking
   income                    60,987      55,420     5,567     10.0     40.2
  Trading account
   profits/(losses) and
   commissions              (49,306)     28,218   (77,524)      NM       NM
  Card fees                  78,566      73,761     4,805      6.5     26.1
  Mortgage production
   related income            63,508      85,549   (22,041)   (25.8)      NM
  Mortgage servicing
   related income            32,548      29,098     3,450     11.9     47.4
  Net gain on sale/
   leaseback of premises          -      37,039   (37,039)  (100.0)      NM
  Net gain on sale or
   merger of Lighthouse
   interests                      -      89,390   (89,390)  (100.0)      NM
  Gain on Visa IPO                -      86,305   (86,305)  (100.0)      NM
  Gain on sale of First
   Mercantile                29,648           -    29,648       NM        -
  Other noninterest
   income                    56,312      60,836    (4,524)    (7.4)   (29.7)
  Securities gains/
   (losses), net            549,787     (60,586)  610,373       NM       NM
     Total noninterest
      income              1,413,010   1,057,502   355,508     33.6       NM

  NONINTEREST EXPENSE

  Employee compensation
   and benefits             711,957     715,083    (3,126)    (0.4)    (1.7)
  Net occupancy expense      85,483      86,441      (958)    (1.1)    (4.4)
  Outside processing and
   software                 107,205     109,165    (1,960)    (1.8)    (7.2)
  Equipment expense          50,991      52,395    (1,404)    (2.7)   (10.7)
  Marketing and customer
   development               47,203      55,703    (8,500)   (15.3)   (61.0)
  Amortization/impairment
   of intangible assets      64,735      20,715    44,020       NM       NM
  Net loss on
   extinguishment of
   debt                           -      11,723   (11,723)  (100.0)      NM
  Visa litigation                 -     (39,124)   39,124    100.0       NM
  Other noninterest
   expense                  310,959     243,043    67,916     27.9       NM
     Total noninterest
      expense             1,378,533   1,255,144   123,389      9.8     39.3

  INCOME BEFORE
   PROVISION FOR INCOME
   TAXES                    743,166     382,203   360,963     94.4       NM
  Provision for income
   taxes                    202,804      91,648   111,156       NM       NM
  NET INCOME                540,362     290,555   249,807     86.0       NM
  Preferred dividends         5,112       6,977    (1,865)   (26.7)      NM
  NET INCOME AVAILABLE
   TO COMMON SHAREHOLDERS  $535,250    $283,578  $251,672     88.7       NM

  REVENUE

  Net interest income    $1,156,716  $1,139,867   $16,849     1.5%      5.9%
  Taxable-equivalent
   adjustment                28,256      27,975       281      1.0      4.0
  Net interest income -
   FTE                    1,184,972   1,167,842    17,130      1.5      5.9
  Noninterest income      1,413,010   1,057,502   355,508     33.6       NM
  Total revenue - FTE     2,597,982   2,225,344   372,638     16.7     67.0

  SELECTED AVERAGE
   BALANCES (Dollars in
   millions)

  Average loans
  Commercial-FTE            $37,600     $36,375    $1,225      3.4%    13.5%
  Real estate home
   equity lines              14,980      14,603       377      2.6     10.3
  Real estate construction   11,472      12,450      (978)    (7.9)   (31.4)
  Real estate 1-4 family     32,114      32,440      (326)    (1.0)    (4.0)
  Real estate commercial     13,877      13,113       764      5.8     23.3
  Credit card                   816         774        42      5.4     21.5
  Consumer - direct           4,382       4,063       319      7.9     31.4
  Consumer - indirect         7,437       7,646      (209)    (2.7)   (10.9)
  Nonaccrual and
   restructured               2,514       1,799       715     39.8       NM
     Total loans           $125,192    $123,263    $1,929      1.6%     6.3%

  Average deposits
  Noninterest bearing
   deposits                 $21,346     $20,616      $730      3.5%    14.2%
  NOW accounts               21,762      21,981      (219)    (1.0)    (4.0)
  Money market accounts      26,032      25,343       689      2.7     10.9
  Savings                     3,939       3,917        22      0.6      2.3
  Consumer and other time    28,648      29,311      (663)    (2.3)    (9.1)
     Total consumer and
      commercial deposits   101,727     101,168       559      0.6      2.2
  Brokered and foreign
   deposits                  15,068      15,469      (401)    (2.6)   (10.4)
     Total deposits        $116,795    $116,637      $158      0.1%     0.5%

  SELECTED CREDIT DATA
   (Dollars in
   thousands)

  Nonaccrual loans       $2,625,328  $2,037,960  $587,368     28.8%      NM%
  Restructured loans        163,358      30,787   132,571       NM       NM
     Total nonperforming
      loans               2,788,686   2,068,747   719,939     34.8       NM
  Other real estate
   owned (OREO)             335,747     244,906    90,840     37.1       NM
  Other repossessed
   assets                    13,203       6,340     6,863       NM       NM
     Total nonperforming
      assets             $3,137,636  $2,319,993  $817,643     35.2%      NM%

  Allowance for loan and
   lease losses          $1,829,400  $1,545,340  $284,060     18.4%    73.5%



                                                             Increase/
                                 June 30     June 30        (Decrease)(2)
                                   2008        2007        Amount      %
  STATEMENTS OF INCOME

  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)
  Net gain on sale/leaseback of
   premises                              -           -           -     NM
  Net gain on sale or merger of
   Lighthouse interests                  -           -           -     NM
  Gain on Visa IPO                       -           -           -     NM
  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                                  -           -           -     NM
  Visa litigation                        -           -           -     NM
  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)

  REVENUE

  Net interest income           $1,156,716  $1,195,284    ($38,568)  (3.2)%
  Taxable-equivalent adjustment     28,256      24,668       3,588   14.5
  Net interest income - FTE      1,184,972   1,219,952     (34,980)  (2.9)
  Noninterest income             1,413,010   1,154,622     258,388   22.4
  Total revenue - FTE            2,597,982   2,374,574     223,408    9.4

  SELECTED AVERAGE BALANCES
   (Dollars in millions)

  Average loans
  Commercial-FTE                   $37,600     $33,608      $3,992   11.9%
  Real estate home equity lines     14,980      13,850       1,130    8.2
  Real estate construction          11,472      13,710      (2,238) (16.3)
  Real estate 1-4 family            32,114      30,754       1,360    4.4
  Real estate commercial            13,877      12,732       1,145    9.0
  Credit card                          816         404         412     NM
  Consumer - direct                  4,382       4,347          35    0.8
  Consumer - indirect                7,437       8,064        (627)  (7.8)
  Nonaccrual and restructured        2,514         696       1,818     NM
     Total loans                  $125,192    $118,165      $7,027    5.9%

  Average deposits
  Noninterest bearing deposits     $21,346     $22,396     ($1,050)  (4.7)%
  NOW accounts                      21,762      20,066       1,696    8.5
  Money market accounts             26,032      21,773       4,259   19.6
  Savings                            3,939       4,787        (848) (17.7)
  Consumer and other time           28,648      28,905        (257)  (0.9)
     Total consumer and
      commercial deposits          101,727      97,927       3,800    3.9
  Brokered and foreign deposits     15,068      23,983      (8,915) (37.2)
     Total deposits               $116,795    $121,910     ($5,115)  (4.2)%

  SELECTED CREDIT DATA (Dollars
   in thousands)

  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)                          335,747     100,973     234,774     NM
  Other repossessed assets          13,203       7,250       5,953   82.1
     Total nonperforming assets $3,137,636    $872,839  $2,264,796     NM%

  Allowance for loan and lease
   losses                       $1,829,400  $1,050,362    $779,038   74.2%

  1) Multiply percentage change by 4 to calculate sequential annualized
     change.
  2) "NM" - Not meaningful.  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 EARNINGS RELEASE, continued
  (Dollars in thousands) (Unaudited)

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

  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 sale or merger of
   Lighthouse interests              89,390      32,340     57,050     NM
  Gain on Visa IPO                   86,305           -     86,305     NM
  Gain of sale of First
   Mercantile                        29,648           -     29,648     NM
  Net gain on sale/leaseback of
   premises                          37,039           -     37,039     NM
  Other noninterest income          117,148     179,950    (62,802) (34.9)
  Net securities gains/(losses)     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
  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)


  REVENUE

  Net interest income            $2,296,583  $2,359,843   ($63,260)  (2.7)%
  Taxable-equivalent adjustment      56,231      48,381      7,850   16.2
  Net interest income - FTE       2,352,814   2,408,224    (55,410)  (2.3)
  Noninterest income              2,470,512   2,033,528    436,984   21.5
  Total revenue - FTE            $4,823,326  $4,441,752   $381,574    8.6

  SELECTED AVERAGE BALANCES
   (Dollars in millions)

  Average loans
  Commercial-FTE                    $36,987     $33,819     $3,168    9.4 %
  Real estate home equity lines      14,792      13,794        998    7.2
  Real estate construction           11,961      13,571     (1,610) (11.9)
  Real estate 1-4 family             32,277      32,413       (136)  (0.4)
  Real estate commercial             13,495      12,781        714    5.6
  Credit card                           795         387        408     NM
  Consumer - direct                   4,223       4,284        (61)  (1.4)
  Consumer - indirect                 7,541       8,115       (574)  (7.1)
  Nonaccrual and restructured         2,156         667      1,489     NM
      Total loans                  $124,227    $119,831     $4,396    3.7 %

  Average deposits
  Noninterest bearing deposits      $20,981     $22,166    ($1,185)  (5.3)%
  NOW accounts                       21,872      19,944      1,928    9.7
  Money market accounts              25,687      21,930      3,757   17.1
  Savings                             3,928       4,905       (977) (19.9)
  Consumer and other time            28,980      28,915         65    0.2
    Total consumer and
     commercial deposits            101,448      97,860      3,588    3.7
  Brokered and foreign deposits      15,268      25,341    (10,073) (39.7)
      Total deposits               $116,716    $123,201    ($6,485)  (5.3)%

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



  SunTrust Banks, Inc. and Subsidiaries
  RETAIL AND COMMERCIAL LINE OF BUSINESS
  (Dollars in thousands)     (Unaudited)

                                           Three Months Ended
                                          June 30        June 30      %
                                           2008           2007     Change(3)
  Statements of Income

  Net interest income(1)                 $642,474       $707,200     (9.2)%
  FTE adjustment                            8,501          9,311     (8.7)
  Net interest income - FTE               650,975        716,511     (9.1)
  Provision for loan losses(2)            182,607         56,688       NM
  Net interest income after provision
   for loan losses - FTE                  468,368        659,823    (29.0)

  Noninterest income before
   securities gains/(losses)              345,051        301,239     14.5
  Securities gains/(losses), net              -              -         -
    Total noninterest income              345,051        301,239     14.5

  Noninterest expense before
   amortization of intangible assets      628,203        631,498     (0.5)
  Amortization of intangible assets        14,218         17,245    (17.6)
    Total noninterest expense             642,421        648,743     (1.0)

  Income before provision for income
   taxes                                  170,998        312,319    (45.2)
  Provision for income taxes               51,805        103,461    (49.9)
  FTE adjustment                            8,501          9,311     (8.7)
  Net income                             $110,692       $199,547    (44.5)

  Total revenue - FTE                    $996,026     $1,017,750     (2.1)

  Selected Average Balances

  Total loans                         $51,396,999    $51,467,349     (0.1)%
  Goodwill                              6,139,892      6,139,260       -
  Other intangible assets excluding
   MSRs                                   161,459        211,917    (23.8)
  Total assets                         59,161,979     58,994,607      0.3
  Total deposits                       81,174,182     80,574,355      0.7


  Performance Ratios

  Efficiency ratio                          64.50 %        63.74 %
  Impact of excluding amortization of
   intangible assets                        (5.67)         (5.63)
  Tangible efficiency ratio                 58.83 %        58.11 %


                                          Six Months Ended
                                        June 30        June 30        %
                                          2008           2007      Change(3)
  Statements of Income

  Net interest income(1)               $1,262,592     $1,410,714    (10.5)%
  FTE adjustment                           17,233         18,760     (8.1)
  Net interest income - FTE             1,279,825      1,429,474    (10.5)
  Provision for loan losses(2)            363,349        105,382       NM
  Net interest income after
   provision for loan losses - FTE        916,476      1,324,092    (30.8)

  Noninterest income before
   securities gains/(losses)              669,012        597,563     12.0
  Securities gains/(losses), net             -                 3   (100.0)
    Total noninterest income              669,012        597,566     12.0

  Noninterest expense before
   amortization of intangible assets    1,241,367      1,256,558     (1.2)
  Amortization of intangible assets        29,159         36,017    (19.0)
    Total noninterest expense           1,270,526      1,292,575     (1.7)

  Income before provision for income
   taxes                                  314,962        629,083    (49.9)
  Provision for income taxes               93,488        208,992    (55.3)
  FTE adjustment                           17,233         18,760     (8.1)
  Net income                             $204,241       $401,331    (49.1)

  Total revenue - FTE                  $1,948,837     $2,027,040     (3.9)

  Selected Average Balances

  Total loans                         $50,891,138    $51,224,362     (0.7)%
  Goodwill                              6,142,224      6,136,539      0.1
  Other intangible assets excluding
   MSRs                                   163,579        221,153    (26.0)
  Total assets                         58,701,307     58,896,038     (0.3)
  Total deposits                       80,975,187     80,824,425      0.2


  Performance Ratios

  Efficiency ratio                          65.19%         63.77%
  Impact of excluding amortization
   of intangible assets                     (5.83)         (5.71)
  Tangible efficiency ratio                 59.36%         58.06%

  (1) Net interest income does not include the funding benefit that would
      result from holding shareholders' equity at the line of business level
      due to the fact that shareholders' equity is not allocated to the
      lines of business at this time.
  (2) Provision for loan losses represents net charge-offs for the lines of
      business.
  (3) "NM" - Not meaningful.  Those changes over 100 percent were not
      considered to be meaningful.



  SunTrust Banks, Inc. and Subsidiaries
  WHOLESALE BANKING LINE OF BUSINESS
  (Dollars in thousands)     (Unaudited)

                                           Three Months Ended
                                         June 30         June 30      %
                                           2008           2007     Change(3)
  Statements of Income

  Net interest income(1)                 $116,384       $135,679    (14.2)%
  FTE adjustment                           15,259         11,078     37.7
  Net interest income - FTE               131,643        146,757    (10.3)
  Provision for loan losses(2)             10,981         15,587    (29.6)
  Net interest income after provision
   for loan losses - FTE                  120,662        131,170     (8.0)

  Noninterest income before
   securities gains/(losses)              184,732        225,602    (18.1)
  Securities gains/(losses), net              -              -         -
    Total noninterest income              184,732        225,602    (18.1)

  Noninterest expense before
   amortization of intangible assets      200,550        195,636      2.5
  Amortization of intangible assets           122            122       -
    Total noninterest expense             200,672        195,758      2.5

  Income before provision for income
   taxes                                  104,722        161,014    (35.0)
  Provision for income taxes               14,617         31,227    (53.2)
  FTE adjustment                           15,259         11,078     37.7
  Net income                              $74,846       $118,709    (37.0)

  Total revenue - FTE                    $316,375       $372,359    (15.0)

  Selected Average Balances

  Total loans                         $33,753,195    $28,820,686     17.1 %
  Goodwill                                168,129        168,149       -
  Other intangible assets excluding
   MSRs                                       681          1,157    (41.1)
  Total assets                         44,737,435     38,291,705     16.8
  Total deposits                        9,093,065      4,703,473     93.3


  Performance Ratios

  Efficiency ratio                          63.43 %        52.57 %
  Impact of excluding amortization of
   intangible assets                        (0.42)         (0.29)
  Tangible efficiency ratio                 63.01 %        52.28 %


                                            Six Months Ended
                                          June 30        June 30      %
                                           2008           2007     Change(3)
  Statements of Income

  Net interest income(1)                 $242,175       $269,688    (10.2)%
  FTE adjustment                           29,350         21,142     38.8
  Net interest income - FTE               271,525        290,830     (6.6)
  Provision for loan losses(2)             23,257         18,395     26.4
  Net interest income after provision
   for loan losses - FTE                  248,268        272,435     (8.9)

  Noninterest income before
   securities gains/(losses)              358,254        394,287     (9.1)
  Securities gains/(losses), net              -              -         -
    Total noninterest income              358,254        394,287     (9.1)

  Noninterest expense before
   amortization of intangible assets      400,976        386,607      3.7
  Amortization of intangible assets           244            244       -
    Total noninterest expense             401,220        386,851      3.7

  Income before provision for income
   taxes                                  205,302        279,871    (26.6)
  Provision for income taxes               14,080         47,378    (70.3)
  FTE adjustment                           29,350         21,142     38.8
  Net income                             $161,872       $211,351    (23.4)

  Total revenue - FTE                    $629,779       $685,117     (8.1)

  Selected Average Balances

  Total loans                         $33,223,407    $29,201,194     13.8 %
  Goodwill                                168,132        168,149       -
  Other intangible assets excluding
   MSRs                                       741          1,221    (39.3)
  Total assets                         44,170,590     38,280,872     15.4
  Total deposits                        8,786,705      4,719,650     86.2


  Performance Ratios

  Efficiency ratio                          63.71 %        56.46 %
  Impact of excluding amortization of
   intangible assets                        (0.42)         (0.33)
  Tangible efficiency ratio                 63.29 %        56.13 %

  (1) Net interest income does not include the funding benefit that would
      result from holding shareholders' equity at the line of business level
      due to the fact that shareholders' equity is not allocated to the
      lines of business at this time.
  (2) Provision for loan losses represents net charge-offs for the lines of
      business.
  (3) "NM" - Not meaningful.  Those changes over 100 percent were not
      considered to be meaningful.



  SunTrust Banks, Inc. and Subsidiaries
  MORTGAGE LINE OF BUSINESS
  (Dollars in thousands)     (Unaudited)

                                          Three Months Ended
                                        June 30         June 30       %
                                          2008            2007     Change(3)
  Statements of Income

  Net interest income(1)                 $123,646       $134,382     (8.0)%
  FTE adjustment                             -               -         -
  Net interest income - FTE               123,646        134,382     (8.0)
  Provision for loan losses(2)            128,008         13,051       NM
  Net interest income/(loss) after
   provision for loan losses - FTE         (4,362)       121,331       NM

  Noninterest income before
   securities gains/(losses)              109,873        136,932    (19.8)
  Securities gains/(losses), net           (1,218)           -         -
    Total noninterest income              108,655        136,932    (20.7)

  Noninterest expense before
   amortization of intangible
   assets                                 256,231        196,410     30.5
  Amortization of intangible assets           563            763    (26.2)
    Total noninterest expense             256,794        197,173     30.2

  Income/(loss) before
   provision/(benefit) for income
   taxes                                 (152,501)        61,090       NM
  Provision/(benefit) for income
   taxes                                  (61,377)        19,613       NM
  FTE adjustment                             -               -         -
  Net income/(loss)                      ($91,124)       $41,477       NM

  Total revenue - FTE                    $232,301       $271,314    (14.4)

  Selected Average Balances

  Total loans                         $31,705,811    $29,447,549      7.7 %
  Goodwill                                276,568        276,635       -
  Other intangible assets excluding
   MSRs                                       570          3,503    (83.7)
  Total assets                         42,307,385     47,866,726    (11.6)
  Total deposits                        2,449,481      2,378,640      3.0


  Performance Ratios

  Efficiency ratio                         110.54 %        72.67 %
  Impact of excluding amortization
   of intangible assets                     (1.72)         (1.08)
  Tangible efficiency ratio                108.82 %        71.59 %

  Other Information

  Production Data
    Channel mix
      Retail                           $4,752,866     $6,767,535    (29.8)%
      Wholesale                         3,226,782      6,447,113    (49.9)
      Correspondent                     1,357,553      4,745,579    (71.4)
        Total production               $9,337,201    $17,960,227    (48.0)

    Channel mix - percent
      Retail                                   51 %           38 %
      Wholesale                                35             36
      Correspondent                            14             26
        Total production                      100 %          100 %

    Purchase and refinance mix
      Refinance                        $4,063,567     $7,721,183    (47.4)
      Purchase                          5,273,634     10,239,044    (48.5)
        Total production               $9,337,201    $17,960,227    (48.0)

    Purchase and refinance mix -
     percent
      Refinance                                44 %           43 %
      Purchase                                 56             57
        Total production                      100 %          100 %

      Applications                    $16,134,572    $24,369,784    (33.8)

  Mortgage Servicing Data (End of
   Period)
    Total loans serviced             $158,810,627   $150,456,415      5.6 %
    Total loans serviced for others   123,152,250    105,123,313     17.2
    Net carrying value of MSRs          1,193,450        942,012     26.7
    Ratio of net carrying value of
     MSRs to total loans serviced
     for others                             0.969 %        0.896 %


                                            Six Months Ended
                                          June 30        June 30      %
                                           2008           2007     Change(3)
  Statements of Income

  Net interest income(1)                 $254,276       $263,974     (3.7)%
  FTE adjustment                              -              -         -
  Net interest income - FTE               254,276        263,974     (3.7)
  Provision for loan losses(2)            226,263         23,260       NM
  Net interest income/(loss) after
   provision for loan losses - FTE         28,013        240,714    (88.4)

  Noninterest income before
   securities gains/(losses)              247,003        175,415     40.8
  Securities gains/(losses), net           (6,228)           -         -
    Total noninterest income              240,775        175,415     37.3

  Noninterest expense before
   amortization of intangible assets      475,758        347,973     36.7
  Amortization of intangible assets         1,327          1,527    (13.1)
    Total noninterest expense             477,085        349,500     36.5

  Income/(loss) before
   provision/(benefit) for income
   taxes                                 (208,297)        66,629       NM
  Provision/(benefit) for income
   taxes                                  (85,903)        18,259       NM
  FTE adjustment                              -              -         -
  Net income/(loss)                     ($122,394)       $48,370       NM

  Total revenue - FTE                    $495,051       $439,389     12.7

  Selected Average Balances

  Total loans                         $31,851,320    $30,906,163      3.1 %
  Goodwill                                276,575        276,310      0.1
  Other intangible assets excluding
   MSRs                                       922          3,901    (76.4)
  Total assets                         43,098,260     46,076,712     (6.5)
  Total deposits                        2,259,889      2,086,942      8.3


  Performance Ratios

  Efficiency ratio                          96.37 %        79.54 %
  Impact of excluding amortization of
   intangible assets                        (1.47)         (1.42)
  Tangible efficiency ratio                 94.90 %        78.12 %

  Other Information

  Production Data
    Channel mix
      Retail                          $10,110,273    $12,687,187    (20.3)%
      Wholesale                         7,431,405     12,019,225    (38.2)
      Correspondent                     3,527,155      8,080,169    (56.3)
        Total production              $21,068,833    $32,786,581    (35.7)

    Channel mix - percent
      Retail                                   48 %           39 %
      Wholesale                                35             37
      Correspondent                            17             24
        Total production                      100 %          100 %

    Purchase and refinance mix
      Refinance                       $10,778,853    $15,287,725    (29.5)
      Purchase                         10,289,980     17,498,856    (41.2)
        Total production              $21,068,833    $32,786,581    (35.7)

    Purchase and refinance mix -
     percent
      Refinance                                51 %           47 %
      Purchase                                 49             53
        Total production                      100 %          100 %

      Applications                    $37,344,012    $48,868,769    (23.6)

  Mortgage Servicing Data (End of
   Period)
    Total loans serviced
    Total loans serviced for others
    Net carrying value of MSRs
    Ratio of net carrying value of MSRs
     to total loans serviced for others

  (1) Net interest income does not include the funding benefit that would
      result from holding shareholders' equity at the line of business level
      due to the fact that shareholders' equity is not allocated to the
      lines of business at this time.
  (2) Provision for loan losses represents net charge-offs for the lines of
      business.
  (3) "NM" - Not meaningful.  Those changes over 100 percent were not
      considered to be meaningful.



  SunTrust Banks, Inc. and Subsidiaries
  WEALTH AND INVESTMENT MANAGEMENT LINE OF BUSINESS
  (Dollars in thousands)     (Unaudited)

                                          Three Months Ended
                                         June 30        June 30       %
                                           2008           2007     Change(3)
  Statements of Income

  Net interest income(10                  $83,688        $87,723     (4.6)%
  FTE adjustment                                9             12    (25.0)
  Net interest income - FTE                83,697         87,735     (4.6)
  Provision for loan losses(2)              2,547          2,951    (13.7)
  Net interest income after
   provision for loan losses - FTE         81,150         84,784     (4.3)

  Noninterest income before
   securities gains/(losses)              269,119        250,194      7.6
  Securities gains/(losses), net              (33)            65       NM
    Total noninterest income              269,086        250,259      7.5

  Noninterest expense before
   amortization/impairment of
   intangible assets                      233,315        242,869     (3.9)
  Amortization/impairment of
   intangible assets                       49,728          6,553       NM
    Total noninterest expense             283,043        249,422     13.5

  Income before provision for
   income taxes                            67,193         85,621    (21.5)
  Provision for income taxes               23,508         31,727    (25.9)
  FTE adjustment                                9             12    (25.0)
  Net income                              $43,676        $53,882    (18.9)

  Total revenue - FTE                    $352,783       $337,994      4.4

  Selected Average Balances

  Total loans                          $8,200,939     $8,026,076      2.2 %
  Goodwill                                329,282        304,262      8.2
  Other intangible assets excluding
   MSRs                                   120,193        136,557    (12.0)
  Total assets                          9,049,218      8,940,523      1.2
  Total deposits                        9,789,285      9,869,892     (0.8)


  Performance Ratios

  Efficiency ratio                          80.23 %        73.79 %
  Impact of excluding
   amortization/impairment of
   intangible assets                       (15.04)         (2.94)
  Tangible efficiency ratio                 65.19 %        70.85 %

  Other Information (End of Period)

  Assets under administration
    Managed (discretionary) assets   $136,700,596   $139,149,853     (1.8)%
    Non-managed assets                 53,821,885     60,290,599    (10.7)
      Total assets under
       administration                 190,522,481    199,440,452     (4.5)

  Brokerage assets                     37,847,007     42,494,858    (10.9)
  Corporate trust assets                2,145,296      7,941,416    (73.0)
  Total assets under advisement      $230,514,784   $249,876,726     (7.7)


                                            Six Months Ended
                                          June 30       June 30      %
                                           2008          2007      Change(3)
  Statements of Income

  Net interest income(1)                 $163,758       $177,787     (7.9)%
  FTE adjustment                               19             28    (32.1)
  Net interest income - FTE               163,777        177,815     (7.9)
  Provision for loan losses(2)              7,663          4,011     91.0
  Net interest income after provision
   for loan losses - FTE                  156,114        173,804    (10.2)

  Noninterest income before securities
   gains/(losses)                         600,468        535,927     12.0
  Securities gains/(losses), net              (28)             9       NM
    Total noninterest income              600,440        535,936     12.0

  Noninterest expense before
   amortization/impairment of
   intangible assets                      470,813        506,870     (7.1)
  Amortization/impairment of intangible
   assets                                  54,514         10,216       NM
    Total noninterest expense             525,327        517,086      1.6

  Income before provision for income
   taxes                                  231,227        192,654     20.0
  Provision for income taxes               83,180         70,667     17.7
  FTE adjustment                               19             28    (32.1)
  Net income                             $148,028       $121,959     21.4

  Total revenue - FTE                    $764,217       $713,751      7.1

  Selected Average Balances

  Total loans                          $8,045,532     $8,110,682     (0.8)%
  Goodwill                                331,086        314,363      5.3
  Other intangible assets excluding
   MSRs                                   123,231        127,020     (3.0)
  Total assets                          8,927,369      9,000,934     (0.8)
  Total deposits                        9,791,854      9,827,249     (0.4)


  Performance Ratios

  Efficiency ratio                          68.74 %        72.45 %
  Impact of excluding
   amortization/impairment of
   intangible assets                        (7.95)         (2.37)
  Tangible efficiency ratio                 60.79 %        70.08 %

  Other Information (End of Period)

  Assets under administration
    Managed (discretionary) assets
    Non-managed assets
      Total assets under administration

  Brokerage assets
  Corporate trust assets
  Total assets under advisement

  (1) Net interest income does not include the funding benefit that would
      result from holding shareholders' equity at the line of business level
      due to the fact that shareholders' equity is not allocated to the
      lines of business at this time.
  (2) Provision for loan losses represents net charge-offs for the lines of
      business.
  (3) "NM" - Not meaningful.  Those changes over 100 percent were not
      considered to be meaningful.



  SunTrust Banks, Inc. and Subsidiaries
  CORPORATE OTHER AND TREASURY
  (Dollars in thousands)     (Unaudited)

                                           Three Months Ended
                                          June 30      June 30        %
                                           2008          2007      Change(2)
  Statements of Income

  Net interest income                    $190,524       $130,300     46.2 %
  FTE adjustment                            4,487          4,267      5.2
  Net interest income - FTE               195,011        134,567     44.9
  Provision for loan losses(1)            123,884         16,403       NM
  Net interest income after provision
   for loan losses - FTE                   71,127        118,164    (39.8)

  Noninterest income before securities
   gains/(losses)                         (45,552)         4,243       NM
  Securities gains/(losses), net          551,038        236,347       NM
    Total noninterest income              505,486        240,590       NM

  Noninterest expense before
   amortization of intangible assets       (4,501)       (40,123)   (88.8)
  Amortization of intangible assets           104            221    (52.9)
    Total noninterest expense              (4,397)       (39,902)   (89.0)

  Income before provision for income
   taxes                                  581,010        398,656     45.7
  Provision for income taxes              174,251        126,573     37.7
  FTE adjustment                            4,487          4,267      5.2
  Net income                             $402,272       $267,816     50.2

  Total revenue - FTE                    $700,497       $375,157     86.7

  Selected Average Balances

  Total loans                            $134,914       $402,966    (66.5)%
  Securities available for sale        13,853,680     17,524,366    (20.9)
  Goodwill                                106,812 (4)      7,094       NM
  Other intangible assets excluding
   MSRs                                     4,381          4,957    (11.6)
  Total assets                         20,292,751     25,902,896    (21.7)

  Total deposits (primarily brokered
   and foreign)                        14,289,139     24,383,351    (41.4)


                                           June 30       March 31
                                             2008          2008
  Other Information

  Duration of investment portfolio            5.6 %          4.3 %

  Accounting net interest income
   interest rate sensitivity(3):
    % Change in net interest income under:
      Instantaneous 100 bp increase in
       rates over next 12 months              0.1 %          0.4 %
      Instantaneous 100 bp decrease in
       rates over next 12 months             (0.3)%         (1.0)%

  Economic net interest income interest
   rate sensitivity(3):
    % Change in net interest income under:
      Instantaneous 100 bp increase in
       rates over next 12 months             (0.8)%         (0.8)%
      Instantaneous 100 bp decrease in
       rates over next 12 months              0.6 %          0.2 %


                                           Six Months Ended
                                         June 30        June 30      %
                                           2008           2007    Change(2)
  Statements of Income

  Net interest income                    $373,782       $237,680     57.3 %
  FTE adjustment                            9,629          8,451     13.9
  Net interest income - FTE               383,411        246,131     55.8
  Provision for loan losses(1)            387,517         10,073       NM
  Net interest income after provision
   for loan losses - FTE                   (4,106)       236,058       NM

  Noninterest income before securities
   gains/(losses)                         106,574         93,904     13.5
  Securities gains/(losses), net          495,457        236,420       NM
    Total noninterest income              602,031        330,324     82.3

  Noninterest expense before amortization
   of intangible assets                   (40,687)       (59,263)   (31.3)
  Amortization of intangible assets           206            442    (53.4)
    Total noninterest expense             (40,481)       (58,821)   (31.2)

  Income before provision for income
   taxes                                  638,406        625,203      2.1
  Provision for income taxes              189,607        197,036     (3.8)
  FTE adjustment                            9,629          8,451     13.9
  Net income                             $439,170       $419,716      4.6

  Total revenue - FTE                    $985,442       $576,455     70.9

  Selected Average Balances

  Total loans                            $216,050       $388,104    (44.3)%
  Securities available for sale        14,601,794     20,116,132    (27.4)
  Goodwill                                 53,763 (4)      7,672       NM
  Other intangible assets excluding
   MSRs                                     4,433          5,073    (12.6)
  Total assets                         21,335,310     28,492,685    (25.1)

  Total deposits (primarily brokered
   and foreign)                        14,902,402     25,742,603    (42.1)


  Other Information

  Duration of investment portfolio

  Accounting net interest income
   interest rate sensitivity(3):
    % Change in net interest income under:
      Instantaneous 100 bp increase in
       rates over next 12 months
      Instantaneous 100 bp decrease in
       rates over next 12 months

  Economic net interest income interest
   rate sensitivity(3):
    % Change in net interest income under:
      Instantaneous 100 bp increase in
       rates over next 12 months
      Instantaneous 100 bp decrease in
       rates over next 12 months

  (1) Provision for loan losses includes net charge-offs for the lines of
      business and the difference between net charge-offs and consolidated
      provision for loan losses.
  (2) "NM" - Not meaningful.  Those changes over 100 percent were not
      considered to be meaningful.
  (3) The recognition of interest rate sensitivity from an accounting
      perspective is different from the economic perspective due to the
      election of fair value accounting for the related interest rate swaps.
      The net interest income sensitivity profile from an economic
      perspective assumes the net interest payments from the related swaps
      were included in margin.
  (4) Includes $144.8 million of Goodwill associated with the acquisition of
      GB&T Bancshares, Inc. on May 1, 2008. This Goodwill has not been
      allocated the lines of business at this time.



  SunTrust Banks, Inc. and Subsidiaries
  CONSOLIDATED - SEGMENT TOTALS
  (Dollars in thousands)     (Unaudited)

                                         Three Months Ended
                                        June 30         June 30       %
                                          2008            2007     Change(1)
  Statements of Income

  Net interest income                  $1,156,716     $1,195,284     (3.2)%
  FTE adjustment                           28,256         24,668     14.5
  Net interest income - FTE             1,184,972      1,219,952     (2.9)
  Provision for loan losses               448,027        104,680       NM
  Net interest income after
   provision for loan losses - FTE        736,945      1,115,272    (33.9)

  Noninterest income before
   securities gains/(losses)              863,223        918,210     (6.0)
  Securities gains/(losses), net          549,787        236,412       NM
    Total noninterest income            1,413,010      1,154,622     22.4

  Noninterest expense before
   amortization/impairment of
   intangible assets                    1,313,798      1,226,290      7.1
  Amortization/impairment of
   intangible assets                       64,735         24,904       NM
    Total noninterest expense           1,378,533      1,251,194     10.2

  Income before provision for
   income taxes                           771,422      1,018,700    (24.3)
  Provision for income taxes              202,804        312,601    (35.1)
  FTE adjustment                           28,256         24,668     14.5
  Net income                             $540,362       $681,431    (20.7)

  Total revenue - FTE                  $2,597,982     $2,374,574      9.4

  Selected Average Balances

  Total loans                        $125,191,858   $118,164,626      5.9 %
  Goodwill                              7,020,683      6,895,400      1.8
  Other intangible assets excluding
   MSRs                                   287,284        358,091    (19.8)
  Total assets                        175,548,768    179,996,457     (2.5)
  Total deposits                      116,795,152    121,909,711     (4.2)


  Performance Ratios

  Efficiency ratio                          53.06 %        52.69 %
  Impact of excluding
   amortization/impairment of
   intangible assets                        (2.49)         (1.05)
  Tangible efficiency ratio                 50.57 %        51.64 %


                                          Six Months Ended
                                       June 30         June 30         %
                                         2008            2007      Change(1)
  Statements of Income

  Net interest income                  $2,296,583     $2,359,843     (2.7)%
  FTE adjustment                           56,231         48,381     16.2
  Net interest income - FTE             2,352,814      2,408,224     (2.3)
  Provision for loan losses             1,008,049        161,121       NM
  Net interest income after
   provision for loan losses - FTE      1,344,765      2,247,103    (40.2)

  Noninterest income before
   securities gains/(losses)            1,981,311      1,797,096     10.3
  Securities gains/(losses), net          489,201        236,432       NM
    Total noninterest income            2,470,512      2,033,528     21.5

  Noninterest expense before
   amortization/impairment of
   intangible assets                    2,548,227      2,438,745      4.5
  Amortization/impairment of
   intangible assets                       85,450         48,446     76.4
    Total noninterest expense           2,633,677      2,487,191      5.9

  Income before provision for
   income taxes                         1,181,600      1,793,440    (34.1)
  Provision for income taxes              294,452        542,332    (45.7)
  FTE adjustment                           56,231         48,381     16.2
  Net income                             $830,917     $1,202,727    (30.9)

  Total revenue - FTE                  $4,823,326     $4,441,752      8.6

  Selected Average Balances

  Total loans                        $124,227,447   $119,830,505      3.7 %
  Goodwill                              6,971,780      6,903,033      1.0
  Other intangible assets excluding
   MSRs                                   292,906        358,368    (18.3)
  Total assets                        176,232,836    180,747,241     (2.5)
  Total deposits                      116,716,037    123,200,869     (5.3)


  Performance Ratios

  Efficiency ratio                          54.60 %        56.00 %
  Impact of excluding
   amortization/impairment of
   intangible assets                        (1.77)         (1.09)
  Tangible efficiency ratio                 52.83 %        54.91 %

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

PRNewswire-FirstCall -- July 22
END SECOND AND FINAL ADD

SOURCE: SunTrust Banks, Inc.