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/SECOND AND FINAL ADD -- CLTH032 -- SunTrust Banks, Inc./

PRNewswire
Oct 23, 2008

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

                                             Three Months Ended
                                                September 30

                                   Core     Mortgage
                                 Deposit   Servicing
                                Intangible   Rights     Other      Total
  OTHER INTANGIBLE ASSET
   ROLLFORWARD
  Balance, beginning of period   $205,574    $942,012  $142,874  $1,290,460
  Amortization                    (17,202)    (45,329)   (7,617)    (70,148)
  Mortgage Servicing Rights
   ("MSRs") originated                  -     161,962         -     161,962
  Purchase of GenSpring
  (formerly AMA, LLC) minority
   shares                               -           -       927         927
  Intangible assets obtained
   from sale upon merger of
   Lighthouse Partners, net(1)          -           -         -           -
  Client relationship intangible
   obtained from GenSpring's
   acquisition of TBK
   Investments, Inc.                    -           -     6,520       6,520
  Sale of MSRs                          -     (62,661)        -     (62,661)
  Balance September 30, 2007     $188,372    $995,984  $142,704  $1,327,060

  Balance, beginning of period   $172,985  $1,193,450   $75,621  $1,442,056
  Amortization                    (14,581)    (51,469)   (3,971)    (70,021)
  MSRs originated                       -      98,312         -      98,312
  MSRs impairment reserve               -           -         -           -
  MSRs impairment recovery              -           -         -           -
  Sale of interest in Lighthouse
   Partners                             -           -         -           -
  Sale of MSRs                          -     (90,280)        -     (90,280)
  Customer intangible impairment
   charge                               -           -         -           -
  Purchased credit card
   relationships                        -           -     9,898       9,898
  Acquisition of GB&T                   -           -         -           -
  Sale of First Mercantile              -           -         -           -
  Balance September 30, 2008     $158,404  $1,150,013   $81,548  $1,389,965




                                              Nine Months Ended
                                                September 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                    (53,242)   (133,266)  (20,024)   (206,532)
  Mortgage Servicing Rights
   ("MSRs") originated                  -     497,058         -     497,058
  Purchase of GenSpring
   (formerly AMA, LLC) minority
   shares                               -           -     2,205       2,205
  Intangible assets obtained
   from sale upon merger of
   Lighthouse Partners, net(1)          -           -    24,142      24,142
  Client relationship intangible
   obtained from GenSpring's
   acquisition of TBK
   Investments, Inc.                    -           -     6,520       6,520
  Sale of MSRs                          -    (178,317)        -    (178,317)
  Balance September 30, 2007     $188,372    $995,984  $142,704  $1,327,060

  Balance, beginning of period   $172,655  $1,049,425  $140,915  $1,362,995
  Amortization                    (43,761)   (164,546)  (15,240)   (223,547)
  MSRs originated                       -     396,590         -     396,590
  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 of MSRs                          -    (131,456)        -    (131,456)
  Customer intangible impairment
   charge                               -           -   (45,000)    (45,000)
  Purchased credit card
   relationships                        -           -     9,898       9,898
  Acquisition of GB&T              29,510           -         -      29,510
  Sale of First Mercantile              -           -    (3,033)     (3,033)
  Balance September 30, 2008     $158,404  $1,150,013   $81,548  $1,389,965



                                            Three Months Ended

                              Sept. 30  June 30  March 31 Dec. 31  Sept. 30
                                 2008     2008     2008     2007     2007

  COMMON SHARE ROLLFORWARD
  Beginning balance             353,542  349,832  348,411  348,074  349,053
  Common shares
   issued/exchanged for
   employee benefit plans,
   stock option, performance
   and restricted stock
   activity                         421    1,489    1,421      337      483
  Common shares issued for
   acquisition of GB&T                -    2,221        -        -        -
  Acquisition of treasury stock       -        -        -        -   (1,462)
  Ending balance                353,963  353,542  349,832  348,411  348,074


  COMMON STOCK REPURCHASE
   ACTIVITY
  Number of common shares
   repurchased (2)                    -        2       17       12    1,472
  Average price per share of
   repurchased common shares      $0.00   $57.76   $62.38   $69.31   $81.00
  Total cost to acquire
   treasury shares                   $-       $-       $-       $-       $-
  Maximum number of common
   shares that may yet be
   purchased under plans or
   programs (3)                  30,000   30,000   30,000   30,000   30,000

  (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

                               September 30       June 30        March 31
                                    2008            2008           2008

  NON-GAAP MEASURES
   PRESENTED IN THE EARNINGS
   RELEASE

  Net income                     $312,444        $540,362        $290,555
  Securities (gains)/losses,
   net of tax                    (107,289)       (345,807)         37,563
  Net income excluding net
   securities (gains)/losses,
   net of tax                     205,155         194,555         328,118
  The Coca-Cola Company
   dividend, net of tax           (10,146)        (14,738)        (14,738)
  Net income/(loss)
   excluding net securities
   (gains)/losses and The
   Coca-Cola Company
   dividend                       195,009         179,817         313,380

  Less: Preferred dividends         5,111           5,112           6,977
  Net income/(loss)
   available to common
   shareholders excluding
   net securities (gains)/
   losses and The Coca-Cola
   Company dividend              $189,898        $174,705        $306,403

  Total average assets       $173,888,490    $175,548,768    $176,916,901
  Average net unrealized
   securities gains            (1,526,431)     (2,295,932)     (2,453,981)
  Average assets less net
   unrealized securities
   gains                     $172,362,059    $173,252,836    $174,462,920

  Total average common
   shareholders' equity       $17,481,916     $17,593,229     $17,561,709
  Average accumulated other
   comprehensive income          (871,413)     (1,488,305)     (1,533,427)
  Total average realized
   common shareholders'
   equity                     $16,610,503     $16,104,924     $16,028,282

  Return on average total
   assets                            0.71 %          1.24 %          0.66 %
  Impact of excluding net
   realized and unrealized
   securities (gains)/losses
   and The Coca-Cola
   Company dividend                 (0.26)          (0.82)           0.06
  Return on average total
   assets less net
   unrealized securities
   gains (1)                         0.45 %          0.42 %          0.72 %

  Return on average common
   shareholders' equity              6.99 %         12.24 %          6.49 %
  Impact of excluding net
   realized and unrealized
   securities (gains)/
   losses and The Coca-Cola
   Company dividend                 (2.44)          (7.88)           1.20
  Return on average realized
   common shareholders'
   equity (2)                        4.55 %          4.36 %          7.69 %

  Efficiency ratio (3)              67.78 %         53.06 %         56.40 %
  Impact of excluding
   amortization/impairment
   of intangible assets
   other than MSRs                  (0.75)          (2.49)          (0.93)
  Tangible efficiency
   ratio (4)                        67.03 %         50.57 %         55.47 %

  Total shareholders' equity  $17,956,025     $17,907,152     $18,431,448
  Goodwill                     (7,062,869)     (7,056,015)     (6,923,033)
  Other intangible assets
   including MSRs              (1,328,055)     (1,394,941)     (1,379,522)
  MSRs                          1,150,013       1,193,450       1,143,405
  Tangible equity             $10,715,114     $10,649,646     $11,272,298

  Total assets               $174,776,760    $177,232,727    $178,986,947
  Goodwill                     (7,062,869)     (7,056,015)     (6,923,033)
  Other intangible assets
   including MSRs              (1,389,965)     (1,442,056)     (1,430,268)
  MSRs                          1,150,013       1,193,450       1,143,405
  Tangible assets            $167,473,939    $169,928,106    $171,777,051

  Tangible equity to
   tangible assets (5)               6.40 %          6.27 %          6.56 %

  Net interest income          $1,146,213      $1,156,716      $1,139,867
  Taxable-equivalent
   adjustment                      29,466          28,256          27,975
  Net interest income - FTE     1,175,679       1,184,972       1,167,842
  Noninterest income            1,285,222       1,413,010       1,057,502
  Total revenue - FTE           2,460,901       2,597,982       2,225,344
  Securities (gains)/losses,
   net                           (173,046)       (549,787)         60,586
  Total revenue - FTE
   excluding securities
   (gains)/losses, net (6)     $2,287,855      $2,048,195      $2,285,930


                                                 Three Months Ended

                                             December 31    September 30
                                                 2007           2007

  NON-GAAP MEASURES PRESENTED IN THE
   EARNINGS RELEASE

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

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

  Total average assets                    $175,130,464      $174,653,377
  Average net unrealized securities
   gains                                    (2,408,596)       (2,091,892)
  Average assets less net unrealized
   securities gains                       $172,721,868      $172,561,485

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

  Return on average total assets                  0.03 %            0.95 %
  Impact of excluding net realized and
   unrealized securities (gains)/losses
   and The Coca-Cola Company dividend            (0.04)            (0.02)
  Return on average total assets less
   net unrealized securities gains (1)           (0.01)%            0.93 %

  Return on average common
   shareholders' equity                           0.07 %            9.60 %
  Impact of excluding net realized and
   unrealized securities (gains)/
   losses and The Coca-Cola Company
   dividend                                      (0.40)             0.26
  Return on average realized common
   shareholders' equity (2)                      (0.33)%            9.86 %

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

  Total shareholders' equity               $18,052,518       $17,907,247
  Goodwill                                  (6,921,493)       (6,912,110)
  Other intangible assets including
   MSRs                                     (1,308,618)       (1,269,052)
  MSRs                                       1,049,426           995,984
  Tangible equity                          $10,871,833       $10,722,069

  Total assets                            $179,573,933      $175,857,229
  Goodwill                                  (6,921,493)       (6,912,110)
  Other intangible assets including
   MSRs                                     (1,362,995)       (1,327,060)
  MSRs                                       1,049,426           995,984
  Tangible assets                         $172,338,871      $168,614,043

  Tangible equity to tangible assets (5)          6.31 %            6.36 %

  Net interest income                       $1,167,513        $1,192,188
  Taxable-equivalent adjustment                 27,244            27,055
  Net interest income - FTE                  1,194,757         1,219,243
  Noninterest income                           576,017           819,139
  Total revenue - FTE                        1,770,774         2,038,382
  Securities (gains)/losses, net                (5,694)             (991)
  Total revenue - FTE excluding
   securities (gains)/losses, net (6)       $1,765,080        $2,037,391



                                                  Nine Months Ended

                                            September 30     September 30
                                                2008             2007

  NON-GAAP MEASURES PRESENTED IN THE
   EARNINGS RELEASE

  Net income                                $1,143,361        $1,622,891
  Securities (gains)/losses, net of tax       (410,593)         (147,202)
  Net income excluding net securities
   (gains)/losses, net of tax                  732,768         1,475,689
  The Coca-Cola Company dividend, net
   of tax                                      (39,623)          (41,009)
  Net income/(loss) excluding net
   securities (gains)/losses and
   The Coca-Cola Company dividend              693,145         1,434,680

  Less: Preferred dividends                     17,200            22,408
  Net income/(loss) available to common
   shareholders excluding net securities
   (gains)/losses and The Coca-Cola
   Company dividend                           $675,945        $1,412,272

  Total average assets                    $175,445,683      $178,693,630
  Average net unrealized securities
   gains                                    (2,090,050)       (2,264,501)
  Average assets less net unrealized
   securities gains                       $173,355,633      $176,429,129

  Total average common shareholders'
   equity                                  $17,545,386       $17,232,264
  Average accumulated other
   comprehensive income                     (1,296,159)       (1,092,903)
  Total average realized common
   shareholders' equity                    $16,249,227       $16,139,361

  Return on average total assets                  0.87 %            1.21 %
  Impact of excluding net realized and
   unrealized securities (gains)/losses
   and The Coca-Cola Company dividend            (0.34)            (0.12)
  Return on average total assets less
   net unrealized securities gains (1)            0.53 %            1.09 %

  Return on average common
   shareholders' equity                           8.57 %           12.42 %
  Impact of excluding net realized and
   unrealized securities (gains)/
   losses and The Coca-Cola Company
   dividend                                      (3.01)            (0.72)
  Return on average realized common
   shareholders' equity (2)                       5.56 %           11.70 %

  Efficiency ratio (3)                           59.06 %           58.31 %
  Impact of excluding
   amortization/impairment of
   intangible assets other than
   MSRs                                          (1.43)            (1.13)
  Tangible efficiency ratio (4)                  57.63 %           57.18 %

  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                       $3,442,796        $3,552,031
  Taxable-equivalent adjustment                 85,697            75,436
  Net interest income - FTE                  3,528,493         3,627,467
  Noninterest income                         3,755,734         2,852,667
  Total revenue - FTE                        7,284,227         6,480,134
  Securities (gains)/losses, net              (662,247)         (237,423)
  Total revenue - FTE excluding
   securities (gains)/losses, net (6)       $6,621,980        $6,242,711


  (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 30.0 million shares of The Coca-Cola
      Company as of September 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 after-tax impact of purchase accounting intangible
      assets. The Company believes this measure is useful to investors
      because, by removing the effect of intangible assets that result from
      merger and acquisition activity (the level of which may vary from
      company to company), it allows investors to more easily compare the
      Company's capital adequacy to other companies in the industry. This
      measure is used by management to analyze capital adequacy.
  (6) SunTrust presents 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
                    September 30   June 30       (Decrease)(2)      (1, 2)
                         2008       2008       Amount         %        %
  STATEMENTS OF INCOME

  NET INTEREST
   INCOME            $1,146,213 $1,156,716    ($10,503)      (0.9)%   (3.6)%
  Provision for loan
   losses               503,672    448,027      55,645       12.4     49.7
  NET INTEREST INCOME
   AFTER PROVISION
   FOR LOAN LOSSES      642,541    708,689     (66,148)      (9.3)   (37.3)

  NONINTEREST INCOME

  Service charges on
   deposit accounts     240,241    230,296       9,945        4.3     17.3
  Trust and investment
   management income    147,477    157,319      (9,842)      (6.3)   (25.0)
  Retail investment
   services              72,791     73,764        (973)      (1.3)    (5.3)
  Other charges and
   fees                 128,776    129,581        (805)      (0.6)    (2.5)
  Investment banking
   income                62,164     60,987       1,177        1.9      7.7
  Trading account
   profits/(losses)
   and commissions      121,136   (49,306)     170,442         NM       NM
  Card fees              78,138     78,566        (428)      (0.5)    (2.2)
  Mortgage production
   related income        50,028     63,508     (13,480)     (21.2)   (84.9)
  Mortgage servicing
   related income        62,654     32,548      30,106       92.5       NM
  Gain on sale of
   businesses            81,813     29,648      52,165         NM       NM
  Other noninterest
   income                66,958     56,312      10,646       18.9     75.6
  Securities gains/
   (losses), net        173,046    549,787    (376,741)     (68.5)       NM
    Total noninterest
     income           1,285,222  1,413,010    (127,788)      (9.0)   (36.2)

  NONINTEREST EXPENSE
  Employee compensation
   and benefits         696,210    711,957     (15,747)      (2.2)    (8.8)
  Net occupancy
   expense               88,745     85,483       3,262        3.8     15.3
  Outside processing
   and software         132,361    107,205      25,156       23.5     93.9
  Equipment expense      51,931     50,991         940        1.8      7.4
  Marketing and customer
   development          217,693     47,203     170,490         NM       NM
  Amortization/impairment
   of intangible
   assets                18,551     64,735     (46,184)     (71.3)      NM
  Net loss on
   extinguishment
   of debt                    -          -           -          -        -
  Visa litigation        20,000          -      20,000         NM       NM
  Operating losses      135,183     44,654      90,529         NM       NM
  Other noninterest
   expense              307,412    266,305      41,107       15.4     61.7
     Total noninterest
      expense         1,668,086  1,378,533     289,553       21.0     84.0

  INCOME BEFORE
   PROVISION/(BENEFIT)
   FOR INCOME TAXES     259,677    743,166    (483,489)     (65.1)      NM
  Provision/(Benefit)
   for income taxes    (52,767)    202,804    (255,571)        NM       NM
  NET INCOME            312,444    540,362    (227,918)     (42.2)      NM
  Preferred dividends     5,111      5,112          (1)         -        -
  NET INCOME AVAILABLE
   TO COMMON
   SHAREHOLDERS        $307,333   $535,250   ($227,917)     (42.6)      NM
  REVENUE

  Net interest
   income            $1,146,213 $1,156,716    ($10,503)      (0.9)%   (3.6)%
  Taxable-equivalent
   adjustment            29,466     28,256       1,210        4.3     17.1
  Net interest
   income - FTE       1,175,679  1,184,972      (9,293)      (0.8)    (3.1)
  Noninterest
   income             1,285,222  1,413,010    (127,788)      (9.0)   (36.2)
  Total revenue
   - FTE              2,460,901  2,597,982    (137,081)      (5.3)   (21.1)

  SELECTED AVERAGE
   BALANCES (Dollars in millions)

  Average loans
  Commercial-FTE        $38,064    $37,600        $464        1.2%     4.9%
  Real estate home
   equity lines          15,424     14,980         444        3.0     11.9
  Real estate
   construction          10,502     11,472        (970)      (8.5)   (33.8)
  Real estate
   1-4 family            31,486     32,114        (628)      (2.0)    (7.8)
  Real estate
   commercial            14,139     13,877         262        1.9      7.5
  Credit card               860        816          44        5.4     21.4
  Consumer - direct       4,705      4,382         323        7.4     29.4
  Consumer -
   indirect               7,152      7,437        (285)      (3.8)   (15.3)
  Nonaccrual and
   restructured           3,309      2,514         795       31.6       NM
     Total loans       $125,641   $125,192        $449        0.4%     1.4%

  Average deposits
  Noninterest bearing
   deposits             $20,880    $21,346       ($466)      (2.2)%   (8.7)%
  NOW accounts           20,501     21,762      (1,261)      (5.8)   (23.2)
  Money market
   accounts              26,897     26,032         865        3.3     13.3
  Savings                 3,771      3,939        (168)      (4.3)   (17.1)
  Consumer and
   other time            28,150     28,648        (498)      (1.7)    (7.0)
    Total consumer
     and commercial
     deposits           100,199    101,727      (1,528)      (1.5)    (6.0)
  Brokered and
   foreign deposits      15,800     15,068         732        4.9     19.4
    Total deposits     $115,999   $116,795       ($796)      (0.7)%   (2.7)%

  SELECTED CREDIT DATA
  (Dollars in thousands)
  Nonaccrual loans   $3,289,518 $2,625,328    $664,190       25.3%     NM %
  Other real estate
   owned (OREO)         387,037    334,519      52,518       15.7     62.8
  Other repossessed
   assets                13,714     13,203         511        3.9     15.5
     Total
      nonperforming
      assets         $3,690,269 $2,973,050    $717,219       24.1%    96.5%
  Allowance for
   loan and lease
   losses            $1,941,000 $1,829,400    $111,600        6.1%    24.4%



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

  STATEMENTS OF INCOME

  NET INTEREST INCOME       $1,146,213  $1,192,188    ($45,975)      (3.9)%

  Provision for loan losses    503,672     147,020     356,652         NM
  NET INTEREST INCOME AFTER
   PROVISION FOR LOAN LOSSES   642,541   1,045,168    (402,627)     (38.5)

  NONINTEREST INCOME

  Service charges on
   deposit accounts            240,241     213,939      26,302       12.3
  Trust and investment
   management income           147,477     175,242     (27,765)     (15.8)
  Retail investment
   services                     72,791      71,064       1,727        2.4
  Other charges and fees       128,776     120,730       8,046        6.7
  Investment banking income     62,164      47,688      14,476       30.4
  Trading account
   profits/(losses) and
   commissions                 121,136     (31,187)    152,323         NM
  Card fees                     78,138      70,450       7,688       10.9
  Mortgage production
   related income               50,028      12,950      37,078         NM
  Mortgage servicing
   related income               62,654      57,142       5,512        9.6
  Gain on sale of
   businesses                   81,813           -      81,813         NM
  Other noninterest income      66,958      80,130     (13,172)     (16.4)
  Securities
   gains/(losses), net         173,046         991     172,055         NM
       Total noninterest
        income               1,285,222     819,139     466,083       56.9

  NONINTEREST EXPENSE

  Employee compensation and
   benefits                    696,210     677,765      18,445        2.7
  Net occupancy expense         88,745      87,626       1,119        1.3
  Outside processing and
   software                    132,361     105,132      27,229       25.9
  Equipment expense             51,931      51,532         399        0.8
  Marketing and customer
   development                 217,693      46,897     170,796         NM
  Amortization/impairment
   of intangible assets         18,551      24,820      (6,269)     (25.3)
  Net loss on
   extinguishment of debt            -       9,800      (9,800)    (100.0)
  Visa litigation               20,000           -      20,000         NM
  Operating losses             135,183      52,041      83,142         NM
  Other noninterest expense    307,412     235,632      71,780       30.5
       Total noninterest
        expense              1,668,086   1,291,245     376,841       29.2

  INCOME BEFORE
   PROVISION/(BENEFIT) FOR
   INCOME TAXES                259,677     573,062    (313,385)     (54.7)
  Provision/(Benefit) for
   income taxes                (52,767)    152,898    (205,665)        NM
  NET INCOME                   312,444     420,164    (107,720)     (25.6)
  Preferred dividends            5,111       7,526      (2,415)     (32.1)
  NET INCOME AVAILABLE TO
   COMMON SHAREHOLDERS        $307,333    $412,638   ($105,305)     (25.5)

  REVENUE

  Net interest income       $1,146,213  $1,192,188    ($45,975)      (3.9)%
  Taxable-equivalent
   adjustment                   29,466      27,055       2,411        8.9
  Net interest income - FTE  1,175,679   1,219,243     (43,564)      (3.6)
  Noninterest income         1,285,222     819,139     466,083       56.9
  Total revenue - FTE        2,460,901   2,038,382     422,519       20.7

  SELECTED AVERAGE BALANCES
   (Dollars in millions)

  Average loans
  Commercial-FTE               $38,064     $34,248      $3,816       11.1 %
  Real estate home equity
   lines                        15,424      14,133       1,291        9.1
  Real estate construction      10,502      13,687      (3,185)     (23.3)
  Real estate 1-4 family        31,486      31,004         482        1.6
  Real estate commercial        14,139      12,759       1,380       10.8
  Credit card                      860         516         344       66.7
  Consumer - direct              4,705       4,368         337        7.7
  Consumer - indirect            7,152       7,966        (814)     (10.2)
  Nonaccrual and
   restructured                  3,309         878       2,431         NM
       Total loans            $125,641    $119,559      $6,082        5.1 %

  Average deposits
  Noninterest bearing
   deposits                    $20,880     $21,445       ($565)      (2.6)%
  NOW accounts                  20,501      19,544         957        4.9
  Money market accounts         26,897      22,560       4,337       19.2
  Savings                        3,771       4,457        (686)     (15.4)
  Consumer and other time       28,150      28,702        (552)      (1.9)
     Total consumer and
      commercial deposits      100,199      96,708       3,491        3.6
  Brokered and foreign
   deposits                     15,800      21,140      (5,340)     (25.3)
       Total deposits         $115,999    $117,848     ($1,849)      (1.6)%

  SELECTED CREDIT DATA
   (Dollars in thousands)

  Nonaccrual loans          $3,289,518    $974,791  $2,314,727         NM %
  Other real estate owned
   (OREO)                      387,037     156,106     230,931         NM
  Other repossessed assets      13,714       9,974       3,740       37.5
       Total nonperforming
        assets              $3,690,269  $1,140,871  $2,549,398         NM %

  Allowance for loan and
   lease losses             $1,941,000  $1,093,691    $847,309       77.5 %


  (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)

                                       Nine Months Ended

                       September 30 September 30  Increase/(Decrease)
                           2008         2007       Amount      % (1)

  STATEMENTS OF INCOME

  NET INTEREST INCOME   $3,442,796  $3,552,031   ($109,235)    (3.1)%

  Provision for loan
   losses                1,511,721     308,141   1,203,580       NM
  NET INTEREST INCOME
   AFTER PROVISION
   FOR LOAN LOSSES       1,931,075   3,243,890  (1,312,815)   (40.5)

  NONINTEREST INCOME

  Service charges on
   deposit accounts        682,376     599,818      82,558     13.8
  Trust and investment
   management income       465,898     514,180     (48,282)    (9.4)
  Retail investment
   services                218,855     206,392      12,463      6.0
  Other charges and
   fees                    385,588     357,225      28,363      7.9
  Investment banking
   income                  178,571     159,844      18,727     11.7
  Trading account
   profits and
   commissions             100,048      75,451      24,597     32.6
  Card fees                230,465     203,225      27,240     13.4
  Mortgage production
   related income          199,085      68,617     130,468       NM
  Mortgage servicing
   related income          124,300     138,072     (13,772)   (10.0)
  Gain on sale of
   businesses              200,851      32,340     168,511       NM
  Gain on Visa IPO          86,305           -      86,305       NM
  Net gain on
   sale/leaseback of
   premises                 37,039           -      37,039       NM
  Other noninterest
   income                  184,106     260,080     (75,974)   (29.2)
  Net securities
   gains/(losses)          662,247     237,423     424,824       NM
       Total
        noninterest
        income           3,755,734   2,852,667     903,067     31.7

  NONINTEREST EXPENSE

  Employee compensation
   and benefits          2,123,250   2,087,378      35,872      1.7
  Net occupancy expense    260,669     258,533       2,136      0.8
  Outside processing
   and software            348,731     305,538      43,193     14.1
  Equipment expense        155,317     154,764         553      0.4
  Marketing and
   customer development    320,599     135,928     184,671       NM
  Amortization/impairment
   of intangible
   assets                  104,001      73,266      30,735     41.9
  Loss on
   extinguishment of
   debt                     11,723       9,800       1,923     19.6
  Visa litigation          (19,124)          -     (19,124)      NM
  Operating losses         210,100      91,213     118,887       NM
  Other noninterest
   expense                 786,497     662,016     124,481     18.8
       Total
        noninterest
        expense          4,301,763   3,778,436     523,327     13.9


  INCOME BEFORE PROVISION
   FOR INCOME TAXES      1,385,046   2,318,121    (933,075)   (40.3)
  Provision for income
   taxes                   241,685     695,230    (453,545)   (65.2)
  NET INCOME             1,143,361   1,622,891    (479,530)   (29.5)
  Preferred dividends       17,200      22,408      (5,208)   (23.2)
  NET INCOME AVAILABLE
   TO COMMON
   SHAREHOLDERS         $1,126,161  $1,600,483   ($474,322)   (29.6)

  REVENUE

  Net interest income   $3,442,796  $3,552,031   ($109,235)    (3.1)%
  Taxable-equivalent
   adjustment               85,697      75,436      10,261     13.6
  Net interest income -
   FTE                   3,528,493   3,627,467     (98,974)    (2.7)
  Noninterest income     3,755,734   2,852,667     903,067     31.7
  Total revenue - FTE   $7,284,227  $6,480,134    $804,093     12.4

  SELECTED AVERAGE
   BALANCES (Dollars in
   millions)

  Average loans
  Commercial-FTE           $37,349     $33,964      $3,385     10.0 %
  Real estate home
   equity lines             15,004      13,908       1,096      7.9
  Real estate
   construction             11,471      13,610      (2,139)   (15.7)
  Real estate 1-4
   family                   32,011      31,938          73      0.2
  Real estate
   commercial               13,711      12,774         937      7.3
  Credit card                  817         430         387     90.0
  Consumer - direct          4,385       4,313          72      1.7
  Consumer - indirect        7,411       8,064        (653)    (8.1)
  Nonaccrual and
   restructured              2,543         738       1,805       NM
       Total loans        $124,702    $119,739      $4,963      4.1 %

  Average deposits
  Noninterest bearing
   deposits                $20,947     $21,923       ($976)    (4.5)%
  NOW accounts              21,412      19,809       1,603      8.1
  Money market accounts     26,094      22,142       3,952     17.8
  Savings                    3,875       4,754        (879)   (18.5)
  Consumer and other
   time                     28,701      28,843        (142)    (0.5)
     Total consumer and
      commercial
      deposits             101,029      97,471       3,558      3.7
  Brokered and foreign
   deposits                 15,446      23,925      (8,479)   (35.4)
       Total deposits     $116,475    $121,396     ($4,921)    (4.1)%

  (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
                                    September 30      September 30    %
                                        2008              2007     Change(3)

  Statements of Income

  Net interest income(1)                 $646,658       $697,341     (7.3)%
  FTE adjustment                            8,313          9,265    (10.3)
  Net interest income - FTE               654,971        706,606     (7.3)
  Provision for loan losses(2)            225,614         74,561       NM
  Net interest income after provision
   for loan losses - FTE                  429,357        632,045    (32.1)

  Noninterest income before
   securities gains/(losses)              352,274        321,904      9.4
  Securities gains/(losses), net             (220)           -         NM
   Total noninterest income               352,054        321,904      9.4

  Noninterest expense before
   amortization of intangible assets      669,401        619,693      8.0
  Amortization of intangible assets        14,571         17,192    (15.2)
   Total noninterest expense              683,972        636,885      7.4

  Income before provision for income
   taxes                                   97,439        317,064    (69.3)
  Provision for income taxes               24,436        105,044    (76.7)
  FTE adjustment                            8,313          9,265    (10.3)
  Net income                              $64,690       $202,755    (68.1)

  Total revenue - FTE                  $1,007,025     $1,028,510     (2.1)

  Selected Average Balances

  Total loans                         $51,366,891    $51,871,391     (1.0)%
  Goodwill                              6,272,302      6,139,071      2.2
  Other intangible assets excluding
   MSRs                                   166,682        194,011    (14.1)
  Total assets                         59,143,001     59,248,838     (0.2)
  Total deposits                       79,947,704     79,076,185      1.1


  Performance Ratios

  Efficiency ratio                          67.92 %        61.92 %
  Impact of excluding amortization of
   intangible assets                        (6.09)         (5.52)
  Tangible efficiency ratio                 61.83 %        56.40 %



                                          Nine Months Ended
                                    September 30      September 30    %
                                        2008              2007     Change(3)
  Statements of Income

  Net interest income(1)               $1,916,552     $2,115,454     (9.4)%
  FTE adjustment                           25,546         28,026     (8.8)
  Net interest income - FTE             1,942,098      2,143,480     (9.4)
  Provision for loan losses(2)            588,963        179,942       NM
  Net interest income after provision
   for loan losses - FTE                1,353,135      1,963,538    (31.1)

  Noninterest income before
   securities gains/(losses)            1,021,261        919,466     11.1
  Securities gains/(losses), net             (220)             3       NM
   Total noninterest income             1,021,041        919,469     11.0

  Noninterest expense before
   amortization of intangible assets    1,895,536      1,870,156      1.4
  Amortization of intangible assets        43,730         53,209    (17.8)
   Total noninterest expense            1,939,266      1,923,365      0.8

  Income before provision for income
   taxes                                  434,910        959,642    (54.7)
  Provision for income taxes              126,337        319,079    (60.4)
  FTE adjustment                           25,546         28,026     (8.8)
  Net income                             $283,027       $612,537    (53.8)

  Total revenue - FTE                  $2,963,139     $3,062,949     (3.3)

  Selected Average Balances

  Total loans                         $51,042,034    $51,442,408     (0.8)%
  Goodwill                              6,185,900      6,137,393      0.8
  Other intangible assets excluding
   MSRs                                   164,621        212,006    (22.4)
  Total assets                         58,840,745     59,015,000     (0.3)
  Total deposits                       80,630,196     80,235,275      0.5


  Performance Ratios

  Efficiency ratio                          65.45 %        62.79 %
  Impact of excluding amortization of
   intangible assets                        (5.87)         (5.61)
  Tangible efficiency ratio                 59.58 %        57.18 %


  (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
                                    September 30      September 30    %
                                        2008              2007     Change(3)

  Statements of Income

  Net interest income(1)                 $113,816       $128,336    (11.3)%
  FTE adjustment                           16,815         13,087     28.5
  Net interest income - FTE               130,631        141,423     (7.6)
  Provision for loan losses(2)             32,313         15,470       NM
  Net interest income after provision
   for loan losses - FTE                   98,318        125,953    (21.9)

  Noninterest income before
   securities gains/(losses)              158,237         72,438       NM
  Securities gains/(losses), net              -              -         -
   Total noninterest income               158,237         72,438       NM

  Noninterest expense before
   amortization of intangible assets      203,093        178,866     13.5
  Amortization of intangible assets           122            122       -
   Total noninterest expense              203,215        178,988     13.5

  Income before provision/(benefit)
   for income taxes                        53,340         19,403       NM
  Provision/(benefit) for income
   taxes                                   (5,536)       (26,000)   (78.7)
  FTE adjustment                           16,815         13,087     28.5
  Net income                              $42,061        $32,316     30.2

  Total revenue - FTE                    $288,868       $213,861     35.1

  Selected Average Balances

  Total loans                         $34,726,824    $29,492,332     17.7 %
  Goodwill                                171,967        168,142      2.3
  Other intangible assets excluding
   MSRs                                       556          1,047    (46.9)
  Total assets                         45,825,637     38,610,922     18.7
  Total deposits                        9,328,409      5,306,665     75.8

  Performance Ratios

  Efficiency ratio                          70.35 %        83.69 %
  Impact of excluding amortization of
   intangible assets                        (0.53)         (0.78)
  Tangible efficiency ratio                 69.82 %        82.91 %



                                          Nine Months Ended
                                    September 30      September 30    %
                                        2008              2007     Change(3)

  Statements of Income

  Net interest income(1)                 $360,037       $398,243     (9.6)%
  FTE adjustment                           46,165         34,229     34.9
  Net interest income - FTE               406,202        432,472     (6.1)
  Provision for loan losses(2)             55,570         33,865     64.1
  Net interest income after provision
   for loan losses - FTE                  350,632        398,607    (12.0)

  Noninterest income before
   securities gains/(losses)              516,506        466,725     10.7
  Securities gains/(losses), net              -              -         -
   Total noninterest income               516,506        466,725     10.7

  Noninterest expense before
   amortization of intangible assets      604,055        565,473      6.8
  Amortization of intangible assets           366            366       -
   Total noninterest expense              604,421        565,839      6.8

  Income before provision/(benefit)
   for income taxes                       262,717        299,493    (12.3)
  Provision/(benefit) for income
   taxes                                   10,070         21,461    (53.1)
  FTE adjustment                           46,165         34,229     34.9
  Net income                             $206,482       $243,803    (15.3)

  Total revenue - FTE                    $922,708       $899,197      2.6

  Selected Average Balances

  Total loans                         $33,727,611    $29,299,307     15.1 %
  Goodwill                                169,419        168,146      0.8
  Other intangible assets excluding
   MSRs                                       679          1,162    (41.6)
  Total assets                         44,725,704     38,392,096     16.5
  Total deposits                        8,968,591      4,917,472     82.4


  Performance Ratios

  Efficiency ratio                          65.51 %        62.93 %
  Impact of excluding amortization of
   intangible assets                        (0.46)         (0.43)
  Tangible efficiency ratio                 65.05 %        62.50 %


  (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
                                     September 30     September 30    %
                                         2008             2007     Change(3)

  Statements of Income

  Net interest income(1)                $107,005        $130,476    (18.0)%
  FTE adjustment                             -               -         -
  Net interest income - FTE              107,005         130,476    (18.0)
  Provision for loan losses(2)           124,861          11,733       NM
  Net interest income after
   provision for loan losses - FTE       (17,856)        118,743       NM

  Noninterest income before
   securities gains/(losses)             133,773          89,948     48.7
  Securities gains/(losses), net          (5,332)            -         NM
   Total noninterest income              128,441          89,948     42.8

  Noninterest expense before
   amortization of intangible
   assets                                365,478         235,134     55.4
  Amortization of intangible assets          163             763    (78.6)
   Total noninterest expense             365,641         235,897     55.0

  Income/(loss) before
   provision/(benefit) for income
   taxes                                (255,056)        (27,206)      NM
  Provision/(benefit) for income
   taxes                                 (98,911)        (14,697)      NM
  FTE adjustment                             -               -         -
  Net income/(loss)                    ($156,145)       ($12,509)      NM

  Total revenue - FTE                   $235,446        $220,424      6.8

  Selected Average Balances

  Total loans                        $31,098,274     $30,084,217      3.4 %
  Goodwill                               277,189         276,611      0.2
  Other intangible assets excluding
   MSRs                                      166           2,810    (94.1)
  Total assets                        41,147,389      45,260,639     (9.1)
  Total deposits                       2,307,842       2,322,876     (0.6)


  Performance Ratios

  Efficiency ratio                        155.30 %        107.02 %
  Impact of excluding amortization
   of intangible assets                    (2.19)          (1.83)
  Tangible efficiency ratio               153.11 %        105.19 %

  Other Information

  Production Data
   Channel mix
    Retail                            $3,777,757      $5,565,382    (32.1)%
    Wholesale                          2,581,750       4,456,315    (42.1)
    Correspondent                      1,775,523       2,592,592    (31.5)
     Total production                 $8,135,030     $12,614,289    (35.5)

  Channel mix - percent
   Retail                                     46 %            44 %
   Wholesale                                  32              35
   Correspondent                              22              21
    Total production                         100 %           100 %

  Purchase and refinance mix
   Refinance                          $2,514,269      $4,266,890    (41.1)
   Purchase                            5,620,761       8,347,399    (32.7)
    Total production                  $8,135,030     $12,614,289    (35.5)

  Purchase and refinance mix - percent
   Refinance                                  31 %            34 %
   Purchase                                   69              66
    Total production                         100 %           100 %

   Applications                      $14,429,165     $21,347,294    (32.4)

  Mortgage Servicing Data (End of
   Period)
   Total loans serviced             $159,269,209    $149,862,311      6.3 %
   Total loans serviced for others   127,027,392     110,457,690     15.0
   Net carrying value of MSRs          1,150,013         995,984     15.5
   Ratio of net carrying value of
    MSRs to total loans serviced
    for others                             0.905 %         0.902 %



                                          Nine Months Ended
                                      September 30    September 30    %
                                          2008            2007     Change(3)

  Statements of Income

  Net interest income(1)                 $361,279       $394,451     (8.4)%
  FTE adjustment                              -              -         -
  Net interest income - FTE               361,279        394,451     (8.4)
  Provision for loan losses(2)            351,124         34,993       NM
  Net interest income after provision
   for loan losses - FTE                   10,155        359,458    (97.2)

  Noninterest income before
   securities gains/(losses)              380,776        265,363     43.5
  Securities gains/(losses), net          (11,560)           -         NM
   Total noninterest income               369,216        265,363     39.1

  Noninterest expense before
   amortization of intangible assets      838,412        583,106     43.8
  Amortization of intangible assets         1,490          2,290    (34.9)
   Total noninterest expense              839,902        585,396     43.5

  Income/(loss) before
   provision/(benefit) for income
   taxes                                 (460,531)        39,425       NM
  Provision/(benefit) for income
   taxes                                 (183,721)         3,563       NM
  FTE adjustment                              -              -         -
  Net income/(loss)                     ($276,810)       $35,862       NM

  Total revenue - FTE                    $730,495       $659,814     10.7

  Selected Average Balances

  Total loans                         $31,598,472    $30,629,171      3.2 %
  Goodwill                                276,781        276,412      0.1
  Other intangible assets excluding
   MSRs                                       668          3,534    (81.1)
  Total assets                         42,443,317     45,801,700     (7.3)
  Total deposits                        2,275,990      2,166,451      5.1


  Performance Ratios

  Efficiency ratio                         114.98 %        88.72 %
  Impact of excluding amortization of
   intangible assets                        (1.68)         (1.55)
  Tangible efficiency ratio                113.30 %        87.17 %

  Other Information

  Production Data
   Channel mix
    Retail                            $13,888,030    $18,252,569    (23.9)%
    Wholesale                          10,013,155     16,475,540    (39.2)
    Correspondent                       5,302,678     10,672,761    (50.3)
     Total production                 $29,203,863    $45,400,870    (35.7)

  Channel mix - percent
   Retail                                      48 %           40 %
   Wholesale                                   34             36
   Correspondent                               18             24
    Total production                          100 %          100 %

  Purchase and refinance mix
   Refinance                          $13,293,122    $19,554,615    (32.0)
   Purchase                            15,910,741     25,846,255    (38.4)
    Total production                  $29,203,863    $45,400,870    (35.7)

  Purchase and refinance mix - percent
   Refinance                                   46 %           43 %
   Purchase                                    54             57
    Total production                          100 %          100 %

  Applications                        $51,773,177    $70,216,063    (26.3)

  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
                                      September 30    September 30    %
                                          2008            2007     Change(3)

  Statements of Income

  Net interest income(1)                 $83,752         $86,870     (3.6)%
  FTE adjustment                               7              13    (46.2)
  Net interest income - FTE               83,759          86,883     (3.6)
  Provision for loan losses(2)             9,160           1,914       NM
  Net interest income after
   provision for loan losses - FTE        74,599          84,969    (12.2)

  Noninterest income before
   securities gains/(losses)             161,861         258,434    (37.4)
  Securities gains/(losses), net             (88)             (2)      NM
   Total noninterest income              161,773         258,432    (37.4)

  Noninterest expense before
   amortization of intangible
   assets                                225,342         239,919     (6.1)
  Amortization of intangible assets        3,592           6,521    (44.9)
   Total noninterest expense             228,934         246,440     (7.1)

  Income before provision for
   income taxes                            7,438          96,961    (92.3)
  Provision for income taxes               2,997          35,760    (91.6)
  FTE adjustment                               7              13    (46.2)
  Net income                              $4,434         $61,188    (92.8)

  Total revenue - FTE                   $245,532        $345,315    (28.9)

  Selected Average Balances

  Total loans                         $8,217,760      $7,848,930      4.7 %
  Goodwill                               323,462         314,166      3.0
  Other intangible assets excluding
   MSRs                                   68,955         134,068    (48.6)
  Total assets                         9,015,972       8,771,019      2.8
  Total deposits                       9,581,356       9,608,257     (0.3)


  Performance Ratios

  Efficiency ratio                         93.24 %         71.37 %
  Impact of excluding amortization
   of intangible assets                    (3.15)          (2.88)
  Tangible efficiency ratio                90.09 %         68.49 %

  Other Information (End of Period)

  Assets under administration
   Managed (discretionary) assets   $129,455,527    $142,863,031     (9.4)%
   Non-managed assets                 51,372,166      59,283,257    (13.3)
    Total assets under
     administration                  180,827,693     202,146,288    (10.5)

  Brokerage assets                    35,861,251      42,365,873    (15.4)
  Corporate trust assets               1,653,688       8,508,088    (80.6)
  Total assets under advisement     $218,342,632    $253,020,249    (13.7)



                                          Nine Months Ended
                                      September 30    September 30    %
                                          2008            2007     Change(3)
  Statements of Income

  Net interest income(1)                  $248,642      $265,723     (6.4)%
  FTE adjustment                                26            41    (36.6)
  Net interest income - FTE                248,668       265,764     (6.4)
  Provision for loan losses(2)              16,822         5,925       NM
  Net interest income after provision
   for loan losses - FTE                   231,846       259,839    (10.8)

  Noninterest income before securities
   gains/(losses)                          762,338       794,361     (4.0)
  Securities gains/(losses), net              (116)            8       NM
   Total noninterest income                762,222       794,369     (4.0)

  Noninterest expense before
   amortization of intangible assets       695,856       746,789     (6.8)
  Amortization of intangible assets         58,106        16,737       NM
   Total noninterest expense               753,962       763,526     (1.3)

  Income before provision for income
   taxes                                   240,106       290,682    (17.4)
  Provision for income taxes                86,748       106,830    (18.8)
  FTE adjustment                                26            41    (36.6)
  Net income                              $153,332      $183,811    (16.6)

  Total revenue - FTE                   $1,010,890    $1,060,133     (4.6)

  Selected Average Balances

  Total loans                           $8,102,610    $8,022,472      1.0 %
  Goodwill                                 328,526       314,297      4.5
  Other intangible assets excluding
   MSRs                                    105,007       129,395    (18.8)
  Total assets                           8,956,367     8,923,453      0.4
  Total deposits                         9,721,176     9,753,449     (0.3)


  Performance Ratios

  Efficiency ratio                           74.58 %       72.02 %
  Impact of excluding amortization of
   intangible assets                         (6.74)        (2.53)
  Tangible efficiency ratio                  67.84 %       69.49 %

  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
                                      September 30    September 30    %
                                          2008            2007     Change(2)

  Statements of Income

  Net interest income                     $194,982      $149,165     30.7 %
  FTE adjustment                             4,331         4,690     (7.7)
  Net interest income - FTE                199,313       153,855     29.5
  Provision for loan losses(1)             111,724        43,342       NM
  Net interest income after provision
   for loan losses - FTE                    87,589       110,513    (20.7)

  Noninterest income before securities
   gains/(losses)                          306,031        75,424       NM
  Securities gains/(losses), net           178,686           993       NM
   Total noninterest income                484,717        76,417       NM

  Noninterest expense before
   amortization of intangible assets       186,221        (7,187)      NM
  Amortization of intangible assets            103           222    (53.6)
   Total noninterest expense               186,324        (6,965)      NM

  Income before provision for income
   taxes                                   385,982       193,895     99.1
  Provision for income taxes                24,247        52,791    (54.1)
  FTE adjustment                             4,331         4,690     (7.7)
  Net income                              $357,404      $136,414       NM

  Total revenue - FTE                     $684,030      $230,272       NM

  Selected Average Balances

  Total loans                             $232,228      $261,829    (11.3)%
  Securities available for sale         13,427,353    14,935,925    (10.1)
  Goodwill                                   4,743         6,372    (25.6)
  Other intangible assets excluding
   MSRs                                      4,277         4,756    (10.1)
  Total assets                          18,756,491    22,761,959    (17.6)

  Total deposits (mainly brokered and
   foreign)                             14,834,316    21,533,440    (31.1)



                                           Nine Months Ended
                                      September 30    September 30    %
                                          2008            2007     Change(2)

  Statements of Income

  Net interest income                      $556,286     $378,160    47.1 %
  FTE adjustment                             13,960       13,140     6.2
  Net interest income - FTE                 570,246      391,300    45.7
  Provision for loan losses(1)              499,242       53,416      NM
  Net interest income after provision
   for loan losses - FTE                     71,004      337,884   (79.0)

  Noninterest income before securities
   gains/(losses)                           412,606      169,329      NM
  Securities gains/(losses), net            674,143      237,412      NM
   Total noninterest income               1,086,749      406,741      NM

  Noninterest expense before
   amortization of intangible assets        163,903      (60,354)     NM
  Amortization of intangible assets             309          664   (53.5)
   Total noninterest expense                164,212      (59,690)     NM

  Income before provision for income
   taxes                                    993,541      804,315    23.5
  Provision for income taxes                202,251      244,296   (17.2)
  FTE adjustment                             13,960       13,140     6.2
  Net income                               $777,330     $546,879    42.1

  Total revenue - FTE                    $1,656,995     $798,041      NM

  Selected Average Balances

  Total loans                              $231,670     $345,549   (33.0)%
  Securities available for sale          14,207,457   18,370,420   (22.7)
  Goodwill                                   37,304        7,233      NM
  Other intangible assets excluding
   MSRs                                       4,381        4,966   (11.8)
  Total assets                           20,479,550   26,561,381   (22.9)

  Total deposits (mainly brokered and
   foreign)                              14,879,538   24,324,129   (38.8)


                                           September 30    June 30
                                               2008          2008
  Other Information

  Duration of investment portfolio             4.8 %         5.6 %

  Accounting net interest income
   interest rate sensitivity(3):
   % Change in net interest income
    under:
    Instantaneous 100 bp increase in
     rates over next 12 months                 0.8 %         0.1 %
    Instantaneous 100 bp decrease in
     rates over next 12 months                (1.1)%        (0.3)%

  Economic net interest income interest
   rate sensitivity(3):
   % Change in net interest income
    under:
    Instantaneous 100 bp increase in
     rates over next 12 months                (0.4)%        (0.8)%
    Instantaneous 100 bp decrease in
     rates over next 12 months                 0.1 %         0.6 %


  (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 fixed rate debt. The net
      interest income sensitivity profile from an economic perspective
      assumes the net interest payments from the related swaps on the debt
      were included in margin.



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

                                          Three Months Ended
                                    September 30      September 30    %
                                        2008              2007     Change(1)

  Statements of Income

  Net interest income                 $1,146,213      $1,192,188     (3.9)%
  FTE adjustment                          29,466          27,055      8.9
  Net interest income - FTE            1,175,679       1,219,243     (3.6)
  Provision for loan losses              503,672         147,020       NM
  Net interest income after
   provision for loan losses - FTE       672,007       1,072,223    (37.3)

  Noninterest income before
   securities gains/(losses)           1,112,176         818,148     35.9
  Securities gains/(losses), net         173,046             991       NM
   Total noninterest income            1,285,222         819,139     56.9

  Noninterest expense before
   amortization of intangible
   assets                              1,649,535       1,266,425     30.3
  Amortization of intangible assets       18,551          24,820    (25.3)
   Total noninterest expense           1,668,086       1,291,245     29.2

  Income before provision/(benefit)
   for income taxes                      289,143         600,117    (51.8)
  Provision/(benefit) for income
   taxes                                 (52,767)        152,898       NM
  FTE adjustment                          29,466          27,055      8.9
  Net income                            $312,444        $420,164    (25.6)

  Total revenue - FTE                 $2,460,901      $2,038,382     20.7

  Selected Average Balances

  Total loans                       $125,641,977    $119,558,699      5.1 %
  Goodwill                             7,049,663       6,904,362      2.1
  Other intangible assets excluding
   MSRs                                  240,636         336,692    (28.5)
  Total assets                       173,888,490     174,653,377     (0.4)
  Total deposits                     115,999,627     117,847,423     (1.6)


  Performance Ratios

  Efficiency ratio                         67.78 %         63.35 %
  Impact of excluding amortization
   of intangible assets                    (0.75)          (1.22)
  Tangible efficiency ratio                67.03 %         62.13 %


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


                                          Nine Months Ended
                                    September 30      September 30    %
                                        2008              2007     Change(1)
  Statements of Income

  Net interest income                 $3,442,796      $3,552,031     (3.1)%
  FTE adjustment                          85,697          75,436     13.6
  Net interest income - FTE            3,528,493       3,627,467     (2.7)
  Provision for loan losses            1,511,721         308,141       NM
  Net interest income after
   provision for loan losses - FTE     2,016,772       3,319,326    (39.2)

  Noninterest income before
   securities gains/(losses)           3,093,487       2,615,244     18.3
  Securities gains/(losses), net         662,247         237,423       NM
   Total noninterest income            3,755,734       2,852,667     31.7

  Noninterest expense before
   amortization of intangible
   assets                              4,197,762       3,705,170     13.3
  Amortization of intangible assets      104,001          73,266     41.9
   Total noninterest expense           4,301,763       3,778,436     13.9

  Income before provision/(benefit)
   for income taxes                    1,470,743       2,393,557    (38.6)
  Provision/(benefit) for income
   taxes                                 241,685         695,230    (65.2)
  FTE adjustment                          85,697          75,436     13.6
  Net income                          $1,143,361      $1,622,891    (29.5)

  Total revenue - FTE                 $7,284,227      $6,480,134     12.4

  Selected Average Balances

  Total loans                       $124,702,397    $119,738,907      4.1 %
  Goodwill                             6,997,930       6,903,481      1.4
  Other intangible assets excluding
   MSRs                                  275,356         351,063    (21.6)
  Total assets                       175,445,683     178,693,630     (1.8)
  Total deposits                     116,475,491     121,396,776     (4.1)


  Performance Ratios

  Efficiency ratio                         59.06 %         58.31 %
  Impact of excluding amortization
   of intangible assets                    (1.43)          (1.13)
  Tangible efficiency ratio                57.63 %         57.18 %


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

PRNewswire -- Oct. 23
END SECOND AND FINAL ADD
First Call Analyst:
FCMN Contact: michael.mccoy@suntrust.com

SOURCE: SunTrust Banks, Inc.