8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 21, 2011

SunTrust Banks, Inc.

__________________________________________

(Exact name of registrant as specified in its charter)

Georgia	001-08918	58-1575035
(State or other jurisdiction	(Commission File Number)	(I.R.S. Employer
of incorporation)		Identification No.)
303 Peachtree Street, N.E., Atlanta, Georgia		30308
(Address of principal executive offices)		(Zip Code)

Registrant's telephone number, including area code (404) 558-7711

	Not Applicable
Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition.

Item 7.01 Regulation FD.

On October 21, 2011, SunTrust Banks, Inc. (the “Registrant”) announced financial results for the period ended September 30, 2011. A copy of the news release announcing such results is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The Registrant intends to hold an investor call and webcast to discuss these results on October 21, 2011, at 8:00 a.m. Eastern time. Additional presentation materials relating to such call are furnished hereto as Exhibit 99.2 and are incorporated herein by reference.

The foregoing information is furnished pursuant to Item 2.02, “Results of Operations and Financial Condition,” and Item 7.01, “Regulation FD.” Consequently, it is not deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section. It may only be incorporated by reference into another filing under the Exchange Act or Securities Act of 1933 if such subsequent filing specifically references this Form 8-K. All information in the news release and presentation materials speak as of the date thereof and the Registrant does not assume any obligation to update said information in the future. In addition, the Registrant disclaims any inference regarding the materiality of such information which otherwise may arise as a result of its furnishing such information under Item 2.02 or Item 7.01 of this report on Form 8-K.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1	News release dated October 21, 2011 (furnished with the Commission as a part of this Form 8-K).
99.2	Presentation materials dated October 21, 2011 (furnished with the Commission as a part of this Form 8-K).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

SUNTRUST BANKS, INC.

(Registrant)

Date: October 21, 2011.                        By:    /s/ Thomas E. Panther

Thomas E. Panther,

Senior Vice President and Controller

EX-99.1

Exhibit 99.1

News Release

Contact:
Investors	Media
Kris Dickson	Mike McCoy
(404) 827-6714	(404) 588-7230

For Immediate Release

October 21, 2011

SunTrust Reports Third Quarter 2011 Results

Earnings Per Share Increased to $0.39; Favorable Loan, Deposit, and Asset Quality Trends

ATLANTA — SunTrust Banks, Inc. (NYSE: STI) today reported net income available to common shareholders of $211 million, or $0.39 per average common share, for the third quarter of 2011. This compares favorably to earnings of $0.33 per average common share for the second quarter of 2011. Results benefited from continued improvement in credit quality, resulting in a decline in the provision for credit losses, as well as higher loan balances. Earnings improved significantly from the $0.17 per average common share reported for the third quarter of 2010.

"Lower-cost deposit growth and improved credit quality continued in the third quarter,” said SunTrust President and Chief Executive Officer, William H. Rogers, Jr.  “Further, overall loan growth was driven by solid increases in targeted consumer and commercial loan portfolios.  We remain focused on delivering improved shareholder value through the execution of our client-centric initiatives and the implementation of our expense program."   

Third Quarter 2011 Financial Highlights

Income Statement

• Net income available to common shareholders was $0.39 per average common share, compared to earnings of $0.33 per average common share for the prior quarter and $0.17 per average common share for the third quarter of 2010.

• Earnings per share was $0.81 for the first nine months of 2011 compared to a net loss of $(0.41) per average common share in 2010. The growth was driven by higher net interest income, a lower provision for credit losses, and the elimination of the TARP preferred dividends at the end of the first quarter of 2011.

• Revenue, excluding net gains on the sale of investment securities, was relatively stable compared to the prior quarter and the third quarter of 2010, up 1% and down 2%, respectively.

• Net interest income increased modestly compared to the prior quarter and 2% compared to the third quarter of 2010. Growth from the prior year was primarily due to lower rates on deposits, a continued shift in deposit mix toward lower-cost deposits, and a reduction in higher-cost funding.

• The net interest margin was 3.49%, a decline of four basis points from the prior quarter due to lower earning asset yields, partially offset by lower rates on interest-bearing liabilities. The margin increased eight basis points over the third quarter of 2010 due to favorable deposit mix and pricing trends.

• Noninterest income declined 1% from the prior quarter. Higher mortgage production income and debt valuation gains were offset by lower gains on the sale of investment securities and lower investment banking revenue. Noninterest income decreased 14% compared to the third quarter of 2010, primarily due to lower mortgage-related revenue and lower gains on the sale of investment securities.

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• Noninterest expense increased 1% compared to the prior quarter due to higher mortgage-related expenses. Expenses increased 4% over the third quarter of 2010, attributable to higher mortgage-related expenses, as well as increased employee compensation due to improved revenue in certain businesses and an increase in personnel.

Credit Quality

• Credit quality improved with net charge-offs, nonperforming loans, nonperforming assets, and early stage delinquencies all declining.

• Net charge-offs declined 3% compared to the prior quarter and 29% compared to the third quarter of 2010.

• Nonperforming loans declined 10% from the prior quarter, the ninth consecutive quarterly decline. Nonperforming loans were down $1.1 billion, or 26%, from a year ago.

• Provision for credit losses declined due to lower net charge-offs and a reduction in the allowance for loan losses due to the continued improvement in credit quality. The allowance for loan losses was $2.6 billion, or 2.22% of total loans, as of September 30, 2011.

Balance Sheet

• Average loans increased 1% compared to the prior quarter. Targeted commercial and consumer portfolios grew, while certain higher-risk portions of the portfolio continued to be managed down.

• Average client deposits grew to another record level, increasing $1.1 billion, or 1%, compared to the prior quarter. The favorable trend in the deposit mix toward lower-cost accounts continued.

• Estimated capital ratios continue to be well above current regulatory requirements, as well as the Basel III proposed guidance. The Tier 1 capital and Tier 1 common ratios were estimated to be 11.05% and 9.25%, respectively, as of the end of the quarter.

Income Statement (presented on a fully taxable-equivalent basis)	3Q 2010			2Q 2011			3Q 2011
(Dollars in millions, except per share data)
Net income		$153			$178			$215
Net income available to common shareholders	84			174			211
Earnings per average common diluted share	0.17			0.33			0.39
Total revenue	2,313			2,198			2,196
Total revenue, excluding net securities gains/losses	2,244			2,166			2,194
Net interest income	1,266			1,286			1,293
Provision for credit losses	615			392			347
Noninterest income	1,047			912			903
Noninterest expense	1,499			1,542			1,560
Net interest margin	3.41		%	3.53		%	3.49		%
Balance Sheet
(Dollars in billions)
Average loans		$113.3			$114.9			$115.6
Average consumer and commercial deposits	117.2			121.9			123.0
Capital
Tier 1 capital ratio(1)	13.58		%	11.11		%	11.05		%
Tier 1 common equity ratio(1)	8.02		%	9.22		%	9.25		%
Total average shareholders’ equity to total average assets	13.42		%	11.44		%	11.62		%
Asset Quality
Net charge-offs to average loans (annualized)	2.42		%	1.76		%	1.69		%
Allowance for loan losses to period end loans	2.69		%	2.40		%	2.22		%
Nonperforming loans to total loans	3.80		%	3.14		%	2.76		%

 (1) Current period Tier 1 capital and Tier 1 common equity ratios are estimated as of the date of this news release.

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Consolidated Financial Performance

(Presented on a fully taxable-equivalent basis unless otherwise noted)

Revenue

Total revenue was $2.2 billion for the third quarter of 2011, essentially unchanged from the prior quarter and lower by $117 million from the third quarter of 2010. Net gains from the sales of securities were $2 million for the third quarter of 2011 compared to $32 million for the second quarter of 2011 and $69 million for the third quarter of 2010. Excluding these gains, total revenue increased 1% compared to the prior quarter, primarily due to increased mortgage production income, and declined 2% compared to the third quarter of 2010, primarily due to lower mortgage-related revenue.

For the nine months endedSeptember 30, 2011, total revenue was $6.6 billion, up $180 million, or 3%, compared to 2010. The increase was due to higher net interest income, higher valuation gains on the Company's fair value debt and index-linked CDs, and growth in most consumer and commercial fee categories. This growth was partially offset by lower service charges, lower mortgage-related revenue, and lower net gains from the sales of investment securities.

Net Interest Income

For the third quarter of 2011, net interest income was $1,293 million compared with $1,286 million for the prior quarter and $1,266 million for the third quarter of 2010. The 1% increase on a sequential quarter basis was primarily related to one more day in the current quarter. The 2% increase over the third quarter of 2010 was driven by lower rates on deposits, a continued shift in deposit mix toward lower-cost deposits, and a reduction in higher-cost funding.

Net interest margin in the third quarter of 2011 was 3.49%, a decline of four basis points from the prior quarter and an increase of eight basis points from the third quarter of 2010. On a sequential quarter basis, yields on earning assets declined nine basis points, driven by lower loan yields, and rates on interest-bearing liabilities declined five basis points due to lower rates on deposits and long-term debt. Compared to the third quarter of 2010, the favorable shift in the deposit mix, lower rates paid, and reduced long-term debt contributed to a decline in interest-bearing liabilities of 29 basis points, more than offsetting the 17 basis point decline in earning asset yields.

For the nine months endedSeptember 30, 2011, net interest income increased 5% to $3,855 million compared to $3,676 million for 2010. Net interest margin was 3.52% for 2011, up 17 basis points from the prior year due to the decline in rates on deposit accounts more than offsetting the lower yield on earning assets.

Noninterest Income

Total noninterest income was $903 million for the third quarter of 2011 compared with $912 million for the prior quarter and $1,047 million for the third quarter of 2010. The $9 million decline compared to the prior quarter was due to a $30 million decline in net gains on the sale of investment securities and lower investment banking income, partially offset by higher mortgage production income and valuation gains on the Company's debt carried at fair value. Compared with the third quarter of 2010, noninterest income declined $144 million, or 14%, due to lower net gains on the sale of investment securities, a decline in investment banking income, and lower mortgage-related income. This was partially offset by growth in trust income, retail investment services, and card fees, as well as higher valuation gains on the Company's index-linked CDs and public debt carried at fair value.

Investment banking income was $68 million for the third quarter of 2011 compared with $95 million for the prior quarter and $96 million for the third quarter of 2010. The decline in the current quarter was partially due to strong prior quarter results, coupled with challenging market conditions during the current quarter.

Trading account profits and commissions were $66 million for the third quarter of 2011 compared with $53 million for the prior quarter and a trading loss of $22 million for the third quarter of 2010. The $13 million sequential quarter increase was driven by a $53 million increase in valuation gains on the Company’s fair value debt and index-linked CDs due to the widened credit spreads of financial institutions during the current quarter. Offsetting these valuation gains was a $24 million increase in valuation losses related to illiquid securities and

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previously securitized loans. In addition, core trading income was negatively impacted by the volatile markets during the current quarter. The $88 million increase in trading account profits and commissions compared to the third quarter of 2010 was mainly attributable to $78 million in valuation gains for the current quarter on the Company’s fair value debt and index-linked CDs, in comparison to $81 million in valuation losses for the third quarter of 2010. This was partially offset by lower fair market value adjustments on illiquid securities and previously securitized loans, as well as a decline in core trading income.

Mortgage production income was $54 million for the third quarter of 2011, compared with $4 million for the prior quarter and $133 million for the third quarter of 2010. The $50 million sequential quarter increase was driven by higher loan production and margins resulting from the decline in mortgage rates during the third quarter of 2011, partially offset by higher mortgage repurchase costs. During the quarter, the mortgage repurchase cost was $117 million, an increase of $27 million over the prior quarter due to higher agency-related repurchase requests. As of September 30, 2011, reserves for mortgage repurchases totaled $282 million, a decline of $17 million from the prior quarter, reflective of the increase in resolutions during the third quarter of 2011. Compared to the third quarter of 2010, mortgage production income declined $79 million, primarily due to a decrease in refinance volume.

Mortgage servicing income was $58 million for the third quarter of 2011, compared to $72 million for the prior quarter and $132 million for the third quarter of 2010. A decline in the net hedge performance was the primary driver of the $14 million sequential quarter decline and the $74 million decline compared to the third quarter of 2010. The mortgage servicing portfolio was $161 billion at the end of the third quarter of 2011.

Service charges on deposit accounts increased $6 million, or 4%, on a sequential quarter basis while all other noninterest income categories were relatively stable. Compared to the third quarter of 2010, trust income, retail investment income, and card fees all increased.

For the nine months endedSeptember 30, noninterest income of $2.7 billion for 2011 was essentially equal to the same period in 2010. Increases in trust income, retail investment income, investment banking income, card fees, and higher valuation gains on the Company’s fair value debt and index-linked CDs were offset by lower mortgage-related income, reduced net gains on the sale of investment securities, and lower service charges on deposit accounts.

Noninterest Expense

Noninterest expense was $1,560 million for the current quarter compared with $1,542 million for the prior quarter and $1,499 million for the third quarter of 2010. The 1% increase on a sequential quarter basis was primarily due to a $19 million increase in mortgage-related expenses, including higher operating losses related to mortgage servicing. All other noninterest expenses were essentially flat on a sequential quarter basis.

The 4% increase in noninterest expense over the third quarter of 2010 was primarily due to a $45 million increase in operating losses related to mortgage servicing, a $41 million increase in employee compensation, and a $13 million increase in FDIC insurance premiums due to the change in assessment methodology. This was partially offset by a $15 million decline in other real estate expenses and a $13 million decrease in debt extinguishment costs. The increase in employee compensation was driven by a 3% increase in full-time equivalent employees, primarily in client interfacing and mortgage loss mitigation and servicing positions, as well as higher revenue-related compensation due to improved performance in certain businesses.

For the nine months endedSeptember 30, noninterest expense was $4,567 million for 2011 and $4,362 million for 2010. The 5% increase in the current year was attributable to higher personnel-related expenses, mortgage-related expenses, and FDIC insurance premiums, partially offset by lower losses on the extinguishment of debt.

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Income Taxes

For the third quarter of 2011, the Company recorded a provision for income taxes of $45 million compared with $58 million for the prior quarter and $14 million for the third quarter of 2010. The effective tax rate of 17.3% for the third quarter of 2011 compares to 24.5% for the prior quarter, which was impacted by the recognition of specific discrete items, and 8.3% for the third quarter of 2010.

U.S. Treasury Preferred Dividends

The Company formerly paid dividends to the U.S. Treasury on its $4.85 billion of TARP preferred securities. The Company redeemed these shares at the end of the first quarter of 2011, and, therefore, did not pay such dividends in the second or third quarters of 2011. The first quarter of 2011 included $66 million of preferred dividends paid to the U.S. Treasury, as well as a $74 million non-cash charge associated with the redemption of the TARP preferred shares. The third quarter of 2010 included $67 million of preferred dividends paid to the U.S. Treasury.

Balance Sheet

As of September 30, 2011, SunTrust had total assets of $172.6 billion and shareholders’ equity of $20.2 billion, representing 11.7% of total assets. Book value and tangible book value per common share were $37.29 and $25.60, respectively, as of September 30, 2011, up 3% and 4%, respectively, from the second quarter.

Loans

Average loans for the third quarter of 2011 were $115.6 billion, compared with average balances of $114.9 billion and $113.3 billion during the second quarter of 2011 and the third quarter of 2010, respectively. On a sequential quarter basis, average loans increased $0.7 billion, or 1%. Growth was concentrated in commercial & industrial loans which increased $1.1 billion, or 2%, while higher-risk loan categories such as home equity, commercial real estate, and construction loans continued to decline. Average loans increased $2.3 billion, or 2%, over the third quarter of 2010. Growth from the prior year was driven by targeted loan categories, including commercial & industrial, indirect auto, and government-guaranteed student loans, which increased by approximately $6 billion combined, while residential real estate categories were managed down. The risk profile of the loan portfolio continued to improve during the year; in addition to higher-risk loan categories declining meaningfully, approximately 8% of the Company’s loan portfolio was comprised of government-guaranteed loans as of September 30, 2011.

Deposits

Average consumer and commercial deposits for the third quarter of 2011 were $123.0 billion, compared to average balances of $121.9 billion and $117.2 billion for the second quarter of 2011 and third quarter of 2010, respectively. The favorable shift in the deposit mix continued during the quarter. The $1.1 billion sequential quarter growth in average deposits was driven by a $2.1 billion, or 7%, increase in demand deposits, partially offset by a decline in interest bearing demand and time deposits.

Compared to the third quarter of 2010, average consumer and commercial deposits increased $5.7 billion, or 5%. Average lower-cost deposit products increased a combined $9.7 billion, or 10%, while time deposits declined $4.0 billion, or 17%. While changing client preferences and the economic environment have contributed to this favorable shift in deposit mix, SunTrust also attributes the lower-cost deposit growth to its investments in enhancing the client experience and its marketing initiatives.

Capital and Liquidity

The Company’s estimated capital ratios are well above regulatory requirements, as well as the proposed guidelines recently published by the Basel Committee and endorsed by U.S. regulatory agencies. The Tier 1 capital and Tier 1 common ratios were estimated at 11.05% and 9.25%, respectively, and the tangible equity to tangible assets ratio increased to 8.38% as of September 30, 2011.

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During the quarter, the U.S. Treasury conducted an auction of the Company's warrants which were previously issued to the U.S. Treasury under the Capital Purchase Program. The Company purchased approximately four million of these warrants in the auction, resulting in an $11 million decline in equity. Also during the quarter, the Company announced an increase to its quarterly common dividend to $0.05 per share from $0.01 per share. The Company continues to have substantial available liquidity provided in the form of its client deposit base, other available funding resources, and the retention of cash and high-quality government-backed securities.

Asset Quality

Asset quality improved during the quarter, with declining net charge-offs, nonperforming loans, and early stage delinquencies.

Nonperforming loans totaled $3.2 billion as of September 30, 2011, a decline of $371 million, or 10%, from the prior quarter, marking the ninth consecutive quarterly decline. The percentage of nonperforming loans to total loans declined to 2.76%, down 38 basis points from the prior quarter. The sequential quarter decline was primarily driven by reductions in commercial construction, commercial real estate, and commercial & industrial loans. Compared to September 30, 2010, nonperforming loans declined $1.1 billion, or 26%, with the most significant reductions in commercial construction and, to a lesser extent, residential mortgages, commercial & industrial, and residential construction loans. Other real estate owned totaled $509 million at the end of the quarter, up 5% on a sequential quarter basis; however, it was down $136 million, or 21%, since September 30, 2010.

Net charge-offs were $492 million compared to $505 million in the prior quarter and $690 million in the third quarter of 2010. The $13 million sequential quarter decline was concentrated in residential mortgage loans. Compared to the third quarter of 2010, net charge-offs decreased $198 million, or 29%, with declines across all loan categories. The ratio of annualized net charge-offs to total average loans was 1.69%, a decline of 7 basis points and 73 basis points from the second quarter of 2011 and the third quarter of 2010, respectively. The provision for credit losses was $347 million, a decline of $45 million and $268 million from the second quarter of 2011 and the third quarter of 2010, respectively.

As of September 30, 2011, the allowance for loan losses was $2.6 billion and represented 2.22% of total loans, down 18 basis points from June 30, 2011. The $144 million decline in allowance for loan losses during the third quarter of 2011 was reflective of the continued improvement in asset quality.

Early stage delinquencies declined to 1.04%, an improvement of five basis points from the end of the second quarter of 2011. Excluding government-guaranteed student loans and Ginnie Mae insured repurchased mortgage loans, early stage delinquencies were 0.70%, a decline of three basis points from June 30, 2011.

Accruing restructured loans totaled $2.8 billion, and nonaccruing restructured loans totaled $883 million as of September 30, 2011. Accruing restructured loans increased $105 million, while nonaccruing restructured loans declined $40 million. $3.2 billion of restructured loans related to residential loans, while $0.5 billion were commercial loans.

LINE OF BUSINESS FINANCIAL PERFORMANCE

Line of Business Results

The Company has included line of business financial tables as part of this release on the Investor Relations portion of its website at www.suntrust.com/investorrelations. The Company’s business segments are: Retail Banking, Diversified Commercial Banking, Corporate and Investment Banking, Mortgage, Wealth and Investment Management, and Commercial Real Estate. All revenue in the line of business tables is reported on a fully taxable-equivalent basis. For the lines of business, results include net interest income, which is computed using matched-maturity funds transfer pricing. Further, provision for loan losses is represented by net charge-offs. SunTrust also reports results for Corporate Other and Treasury, which includes the Treasury department as well as the residual expense associated with operational and support expense allocations. The Corporate Other and Treasury segment also includes differences created between internal management accounting practices and generally accepted accounting principles, certain matched-maturity funds transfer pricing credits and charges, differences in provision for loan losses compared to net charge-offs, as well

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as equity and its related impact. A detailed discussion of the line of business results will be included in the Company’s forthcoming quarterly report on Form 10-Q.

Corresponding Financial Tables and Information

Investors are encouraged to review the foregoing summary and discussion of SunTrust’s earnings and financial condition in conjunction with the detailed financial tables and information which SunTrust has also published today and SunTrust’s forthcoming quarterly report on Form 10-Q. Detailed financial tables and other information are also available on the Investor Relations portion of the Company’s website at www.suntrust.com/investorrelations. This information is also included in a current report on Form 8-K furnished with the Securities and Exchange Commission today.

Conference Call

SunTrust management will host a conference call on October 21, 2011, at 8:00 a.m. (Eastern Daylight Time) to discuss the earnings results and business trends. Individuals may call in beginning at 7:45 a.m. (Eastern Daylight Time) by dialing 1-888-972-7805 (Passcode: 3Q11). Individuals calling from outside the United States should dial 1-517-308-9091 (Passcode: 3Q11). A replay of the call will be available approximately one hour after the call ends on October 21, 2011, and will remain available until November 4, 2011, by dialing 1-866-443-8027 (domestic) or 1-203-369-1125 (international). Alternatively, individuals may listen to the live webcast of the presentation by visiting the SunTrust investor relations website at www.suntrust.com/investorrelations. Beginning the afternoon of October 21, 2011, listeners may access an archived version of the webcast in the “Webcasts and Presentations” subsection found on the investor relations webpage. This webcast will be archived and available for one year. A link to the Investor Relations page is also found in the footer of the SunTrust home page.

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

Important Cautionary Statement About Forward-Looking Statements

This news release includes non-GAAP financial measures to describe SunTrust’s performance. The reconciliations of those measures to GAAP measures are provided within or in the appendix to this news release. In this news release, the Company presents net interest income and net interest margin on a fully taxable-equivalent (“FTE”) basis, and ratios on an annualized basis. The FTE basis adjusts for the tax-favored status of income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and provides relevant comparison between taxable and non-taxable amounts.

This news release contains forward-looking statements. Any statement that does not describe historical or current facts, is a forward-looking statement. These statements often include the words “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “goals,” “targets,” “initiatives,” “potentially,” “probably,” “projects,” “outlook” or similar expressions or future conditional verbs such as “may,” “will,” “should,” “would,” and “could.” Forward-looking statements are based upon the current beliefs and expectations of management and on information currently available to management. Our statements speak as of the date hereof, and we do not assume any obligation to update these statements or to update the reasons why actual results could differ from those contained in such statements in light of new information or future events.

Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward-looking statements. Factors that could cause actual results to differ materially from those described in the forward-looking statements can be found in Part I, “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year

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ended December 31, 2010, and in Part II, “Item 1A. Risk Factors” in our Quarterly Report on Form 10-Q for the periods ended June 30, 2011 and March 31, 2011, and in other periodic reports that we file with the SEC. Those factors include: difficult market conditions have adversely affected our industry; concerns over market volatility continue; the Dodd-Frank Act makes fundamental changes in the regulation of the financial services industry, some of which may adversely affect our business; we are subject to capital adequacy and liquidity guidelines and, if we fail to meet these guidelines, our financial condition would be adversely affected; emergency measures designed to stabilize the U.S. banking system are beginning to wind down; we are subject to credit risk; our ALLL may not be adequate to cover our eventual losses; we will realize future losses if the proceeds we receive upon liquidation of nonperforming assets are less than the carrying value of such assets; weakness in the economy and in the real estate market, including specific weakness within our geographic footprint, has adversely affected us and may continue to adversely affect us; weakness in the real estate market, including the secondary residential mortgage loan markets, has adversely affected us and may continue to adversely affect us; we are subject to certain risks related to originating and selling mortgages. We may be required to repurchase mortgage loans or indemnify mortgage loan purchasers as a result of breaches of representations and warranties, borrower fraud, or certain borrower defaults, which could harm our liquidity, results of operations, and financial condition; we are subject to risks related to delays in the foreclosure process; we may continue to suffer increased losses in our loan portfolio despite enhancement of our underwriting policies; as a financial services company, adverse changes in general business or economic conditions could have a material adverse effect on our financial condition and results of operations; changes in market interest rates or capital markets could adversely affect our revenue and expense, the value of assets and obligations, and the availability and cost of capital or liquidity; the fiscal and monetary policies of the federal government and its agencies could have a material adverse effect on our earnings; depressed market values for our stock may require us to write down goodwill; clients could pursue alternatives to bank deposits, causing us to lose a relatively inexpensive source of funding; consumers may decide not to use banks to complete their financial transactions, which could affect net income; we have businesses other than banking which subject us to a variety of risks; hurricanes and other natural or man-made disasters may adversely affect loan portfolios and operations and increase the cost of doing business; negative public opinion could damage our reputation and adversely impact business and revenues; the soundness of other financial institutions could adversely affect us; we rely on other companies to provide key components of our business infrastructure; we rely on our systems, employees, and certain counterparties, and certain failures could materially adversely affect our operations; we depend on the accuracy and completeness of information about clients and counterparties; regulation by federal and state agencies could adversely affect the business, revenue, and profit margins; competition in the financial services industry is intense and could result in losing business or margin declines; maintaining or increasing market share depends on market acceptance and regulatory approval of new products and services; we may not pay dividends on your common stock; disruptions in our ability to access global capital markets may negatively affect our capital resources and liquidity; any reduction in our credit rating could increase the cost of our funding from the capital markets; we have in the past and may in the future pursue acquisitions, which could affect costs and from which we may not be able to realize anticipated benefits; we are subject to certain litigation, and our expenses related to this litigation may adversely affect our results; we depend on the expertise of key personnel, and if these individuals leave or change their roles without effective replacements, then our operations may suffer; we may not be able to hire or retain additional qualified personnel and recruiting and compensation costs may increase as a result of turnover, both of which may increase costs and reduce profitability and may adversely impact our ability to implement our business strategies; our accounting policies and processes are critical to how we report our financial condition and results of operations, and they require management to make estimates about matters that are uncertain; changes in our accounting policies or in accounting standards could materially affect how we report our financial results and condition; our stock price can be volatile; our disclosure controls and procedures may not prevent or detect all errors or acts of fraud; our financial instruments carried at fair value expose us to certain market risks; our revenues derived from our investment securities may be volatile and subject to a variety of risks; and we may enter into transactions with off-balance sheet affiliates or our subsidiaries.

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SunTrust Banks, Inc. and Subsidiaries

FINANCIAL HIGHLIGHTS

(Dollars in millions, except per share data) (Unaudited)

	Three Months Ended September 30						%		Nine Months Ended September 30						%
	2011			2010			Change 5		2011			2010			Change 5
EARNINGS & DIVIDENDS
Net income		$215			$153		41	%		$573			$5		NM
Net income/(loss) available to common shareholders	211			84			NM		424			(201		)	NM
Total revenue - FTE 1, 2	2,196			2,313			(5	)	6,553			6,373			3	%
Total revenue - FTE excluding securities gains, net 1, 2	2,194			2,244			(2	)	6,455			6,245			3
Net income/(loss) per average common share
Diluted 4	0.39			0.17			NM		0.81			(0.41		)	NM
Diluted excluding effect of accelerated accretion associated with repurchase of preferred stock issued to the U.S. Treasury 1, 4	0.39			0.17			NM		0.95			(0.41		)	NM
Basic	0.40			0.17			NM		0.81			(0.41		)	NM
Dividends paid per common share	0.05			0.01			NM		0.07			0.03			NM
CONDENSED BALANCE SHEETS
Selected Average Balances
Total assets		$172,076			$171,999		—	%		$171,886			$171,569		—	%
Earning assets	146,836			147,249			—		146,536			146,538			—
Loans	115,638			113,322			2		115,242			113,587			1
Consumer and commercial deposits	122,974			117,233			5		121,863			116,267			5
Brokered and foreign deposits	2,312			2,740			(16	)	2,418			2,945			(18	)
Total shareholders’ equity	20,000			23,091			(13	)	20,861			22,583			(8	)
As of
Total assets	172,553			174,703			(1	)
Earning assets	148,991			149,994			(1	)
Loans	117,475			115,055			2
Allowance for loan and lease losses	2,600			3,086			(16	)
Consumer and commercial deposits	123,933			117,494			5
Brokered and foreign deposits	2,318			2,850			(19	)
Total shareholders’ equity	20,200			23,438			(14	)
FINANCIAL RATIOS & OTHER DATA
Return on average total assets	0.50		%	0.35		%	43	%	0.45		%	—		%	NM
Return on average common shareholders’ equity	4.23			1.83			NM		2.96			(1.53		)	NM
Net interest margin 2	3.49			3.41			2		3.52			3.35			5	%
Efficiency ratio 2	71.05			64.80			10		69.69			68.45			2
Tangible efficiency ratio 1, 2	70.55			64.24			10		69.18			67.83			2
Effective tax rate/(benefit)	17.33			8.25			NM		19.15			(102.05		)	NM
Tier 1 common equity 3	9.25			8.02			15
Tier 1 capital 3	11.05			13.58			(19	)
Total capital 3	13.85			16.42			(16	)
Tier 1 leverage 3	8.85			11.03			(20	)
Total average shareholders’ equity to total average assets	11.62			13.42			(13	)	12.14			13.16			(8	)
Tangible equity to tangible assets 1	8.38			10.19			(18	)
Book value per common share		$37.29			$37.01		1
Tangible book value per common share 1	25.60			24.42			5
Market price:
High	26.52			27.05			(2	)	33.14			31.92			4
Low	16.51			21.79			(24	)	16.51			20.16			(18	)
Close	17.95			25.83			(31	)	17.95			25.83			(31	)
Market capitalization	9,639			12,914			(25	)
Average common shares outstanding (000s)
Diluted	535,395			498,802			7		524,888			498,515			5
Basic	531,928			495,501			7		521,248			495,243			5
Full-time equivalent employees	29,483			28,599			3
Number of ATMs	2,889			2,928			(1	)
Full service banking offices	1,658			1,670			(1	)

¹  See Appendix A for reconcilements of non-GAAP performance measures.

²  Total revenue, net interest margin, and efficiency ratios are presented on a fully taxable-equivalent (“FTE”) basis. The FTE basis adjusts for the tax-favored status of net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources. Total revenue - FTE equals net interest income on a FTE basis plus noninterest income.

³  Current period tier 1 common equity, tier 1 capital, total capital and tier 1 leverage ratios are estimated as of the earnings release date.

⁴  For earnings per share calculation purposes, the impact of dilutive securities are excluded from the diluted share count during periods that the Company has recognized a net loss available to common shareholders because the impact would be antidilutive.

⁵  “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

9

SunTrust Banks, Inc. and Subsidiaries

FIVE QUARTER FINANCIAL HIGHLIGHTS

(Dollars in millions, except per share data) (Unaudited)

	Three Months Ended
	September 30     2011			June 30    2011			March 31     2011			December 31     2010			September 30     2010
EARNINGS & DIVIDENDS
Net income		$215			$178			$180			$185			$153
Net income available to common shareholders	211			174			38			114			84
Total revenue - FTE 1, 2	2,196			2,198			2,160			2,326			2,313
Total revenue - FTE excluding securities gains, net 1, 2	2,194			2,166			2,096			2,262			2,244
Net income per average common share
Diluted	0.39			0.33			0.08			0.23			0.17
Diluted excluding effect of accelerated accretion associated with repurchase of preferred stock issued to the U.S. Treasury 1	0.39			0.33			0.22			0.23			0.17
Basic	0.40			0.33			0.08			0.23			0.17
Dividends paid per common share	0.05			0.01			0.01			0.01			0.01
CONDENSED BALANCE SHEETS
Selected Average Balances
Total assets		$172,076			$170,527			$173,066			$174,768			$171,999
Earning assets	146,836			145,985			146,786			149,114			147,249
Loans	115,638			114,920			115,162			114,930			113,322
Consumer and commercial deposits	122,974			121,879			120,710			119,688			117,233
Brokered and foreign deposits	2,312			2,340			2,606			2,827			2,740
Total shareholders’ equity	20,000			19,509			23,107			23,576			23,091
As of
Total assets	172,553			172,173			170,794			172,874			174,703
Earning assets	148,991			146,367			145,895			148,473			149,994
Loans	117,475			114,913			114,932			115,975			115,055
Allowance for loan and lease losses	2,600			2,744			2,854			2,974			3,086
Consumer and commercial deposits	123,933			121,671			121,559			120,025			117,494
Brokered and foreign deposits	2,318			3,250			2,426			3,019			2,850
Total shareholders’ equity	20,200			19,660			19,223			23,130			23,438
FINANCIAL RATIOS & OTHER DATA
Return on average total assets	0.50		%	0.42		%	0.42		%	0.42		%	0.35		%
Return on average common shareholders’ equity	4.23			3.61			0.84			2.44			1.83
Net interest margin 2	3.49			3.53			3.53			3.44			3.41
Efficiency ratio 2	71.05			70.17			67.83			66.57			64.80
Tangible efficiency ratio 1, 2	70.55			69.64			67.32			66.07			64.24
Effective tax rate	17.33			24.45			15.54			19.66			8.25
Tier 1 common equity 3	9.25			9.22			9.05			8.08			8.02
Tier 1 capital 3	11.05			11.11			11.00			13.67			13.58
Total capital 3	13.85			14.01			13.92			16.54			16.42
Tier 1 leverage 3	8.85			8.92			8.72			10.94			11.03
Total average shareholders’ equity to total average assets	11.62			11.44			13.35			13.49			13.42
Tangible equity to tangible assets 1	8.38			8.07			7.87			10.12			10.19
Book value per common share		$37.29			$36.30			$35.49			$36.34			$37.01
Tangible book value per common share 1	25.60			24.57			23.79			23.76			24.42
Market price:
High	26.52			30.13			33.14			29.82			27.05
Low	16.51			24.63			27.38			23.25			21.79
Close	17.95			25.80			28.84			29.51			25.83
Market capitalization	9,639			13,852			15,482			14,768			12,914
Average common shares outstanding (000s)
Diluted	535,395			535,416			503,503			499,423			498,802
Basic	531,928			531,792			499,669			495,710			495,501
Full-time equivalent employees	29,483			29,235			29,052			29,056			28,599
Number of ATMs	2,889			2,919			2,924			2,918			2,928
Full service banking offices	1,658			1,661			1,665			1,668			1,670

¹  See Appendix A for reconcilements of non-GAAP performance measures.

²  Total revenue, net interest margin, and efficiency ratios are presented on a fully taxable-equivalent (“FTE”) basis. The FTE basis adjusts for the tax-favored status of net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources. Total revenue - FTE equals net interest income on a FTE basis plus noninterest income.

³  Current period tier 1 common equity, tier 1 capital, total capital and tier 1 leverage ratios are estimated as of the earnings release date.

10

SunTrust Banks, Inc. and Subsidiaries

CONSOLIDATED STATEMENTS OF INCOME

(Dollars in millions, except per share data) (Unaudited)

	Three Months Ended						Increase/(Decrease) 3					Nine Months Ended						Increase/(Decrease) 3
	September 30											September 30
	2011			2010			Amount			%		2011			2010			Amount			%
Interest income		$1,538			$1,604			($66	)	(4	)%		$4,638			$4,747			($109	)	(2	)%
Interest expense	275			366			(91		)	(25	)	867			1,160			(293		)	(25	)
NET INTEREST INCOME	1,263			1,238			25			2		3,771			3,587			184			5
Provision for credit losses	347			615			(268		)	(44	)	1,186			2,138			(952		)	(45	)
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	916			623			293			47		2,585			1,449			1,136			78
NONINTEREST INCOME
Service charges on deposit accounts	176			184			(8		)	(4	)	509			588			(79		)	(13	)
Trust and investment management income	134			124			10			8		404			373			31			8
Retail investment services	58			52			6			12		175			147			28			19
Other charges and fees	130			137			(7		)	(5	)	386			399			(13		)	(3	)
Investment banking income	68			96			(28		)	(29	)	231			210			21			10
Trading account profits/(losses) and commissions	66			(22		)	88			NM		171			80			91			NM
Card fees	104			96			8			8		309			277			32			12
Mortgage production related income	54			133			(79		)	(59	)	56			86			(30		)	(35	)
Mortgage servicing related income	58			132			(74		)	(56	)	202			290			(88		)	(30	)
Other noninterest income	53			46			7			15		157			119			38			32
Securities gains, net	2			69			(67		)	(97	)	98			128			(30		)	(23	)
Total noninterest income	903			1,047			(144		)	(14	)	2,698			2,697			1			—
NONINTEREST EXPENSE
Employee compensation and benefits	750			709			41			6		2,252			2,083			169			8
Net occupancy expense	90			92			(2		)	(2	)	268			273			(5		)	(2	)
Outside processing and software	164			157			7			4		484			463			21			5
Equipment expense	44			45			(1		)	(2	)	132			128			4			3
Marketing and customer development	41			43			(2		)	(5	)	125			121			4			3
Amortization of intangible assets	11			13			(2		)	(15	)	34			39			(5		)	(13	)
Net (gain)/loss on extinguishment of debt	(1		)	12			(13		)	NM		(3		)	67			(70		)	NM
Operating losses	72			27			45			NM		161			57			104			NM
FDIC premium/regulatory exams	80			67			13			19		232			197			35			18
Other noninterest expense	309			334			(25		)	(7	)	882			934			(52		)	(6	)
Total noninterest expense	1,560			1,499			61			4		4,567			4,362			205			5
INCOME/(LOSS) BEFORE PROVISION/(BENEFIT) FOR INCOME TAXES	259			171			88			51		716			(216		)	932			NM
Provision/(benefit) for income taxes	45			14			31			NM		136			(230		)	366			NM
INCOME INCLUDING INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	214			157			57			36		580			14			566			NM
Net income/(loss) attributable to noncontrolling interest	(1		)	4			(5		)	NM		7			9			(2		)	(22	)
NET INCOME		$215			$153			$62		41	%		$573			$5			$568		NM
NET INCOME/(LOSS) AVAILABLE TO COMMON SHAREHOLDERS		$211			$84			$127		NM			$424			($201	)		$625		NM
Net interest income - FTE 1	1,293			1,266			27			2		3,855			3,676			179			5
Net income/(loss) per average common share
Diluted 2	0.39			0.17			0.22			NM		0.81			(0.41		)	1.22			NM
Basic	0.40			0.17			0.23			NM		0.81			(0.41		)	1.22			NM
Cash dividends paid per common share	0.05			0.01			0.04			NM		0.07			0.03			0.04			NM
Average common shares outstanding (000s)
Diluted	535,395			498,802			36,593			7		524,888			498,515			26,373			5
Basic	531,928			495,501			36,427			7		521,248			495,243			26,005			5

¹  Net interest income includes the effects of FTE adjustments using a federal tax rate of 35% and state income taxes where applicable to increase tax-exempt interest income to a taxable-equivalent basis. See Appendix A for a reconcilement of this non-GAAP measure to the related GAAP measure.

²  For earnings per share calculation purposes, the impact of dilutive securities are excluded from the diluted share count during periods that the Company has recognized a net loss available to common shareholders because the impact would be antidilutive.

³  “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

11

SunTrust Banks, Inc. and Subsidiaries

FIVE QUARTER CONSOLIDATED STATEMENTS OF INCOME

(Dollars in millions, except per share data) (Unaudited)

	Three Months Ended											Three Months Ended
	September 30			June 30			Increase/(Decrease)3					March 31			December 31		September 30
	2011			2011			Amount			%		2011			2010		2010
Interest income		$1,538			$1,546			($8	)	(1	)%		$1,554			$1,595		$1,604
Interest expense	275			287			(12		)	(4	)	305			329		366
NET INTEREST INCOME	1,263			1,259			4			—		1,249			1,266		1,238
Provision for credit losses	347			392			(45		)	(11	)	447			512		615
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	916			867			49			6		802			754		623
NONINTEREST INCOME
Service charges on deposit accounts	176			170			6			4		163			172		184
Trust and investment management income	134			135			(1		)	(1	)	135			130		124
Retail investment services	58			59			(1		)	(2	)	58			57		52
Other charges and fees	130			130			—			—		126			135		137
Investment banking income	68			95			(27		)	(28	)	67			103		96
Trading account profits/(losses) and commissions	66			53			13			25		52			93		(22		)
Card fees	104			105			(1		)	(1	)	100			99		96
Mortgage production related income/(loss)	54			4			50			NM		(1		)	41		133
Mortgage servicing related income	58			72			(14		)	(19	)	72			68		132
Other noninterest income	53			57			(4		)	(7	)	47			70		46
Securities gains, net	2			32			(30		)	(94	)	64			64		69
Total noninterest income	903			912			(9		)	(1	)	883			1,032		1,047
NONINTEREST EXPENSE
Employee compensation and benefits	750			748			2			—		754			738		709
Net occupancy expense	90			89			1			1		89			88		92
Outside processing and software	164			162			2			1		158			174		157
Equipment expense	44			44			—			—		44			46		45
Marketing and customer development	41			46			(5		)	(11	)	38			56		43
Amortization of intangible assets	11			12			(1		)	(8	)	11			12		13
Net (gain)/loss on extinguishment of debt	(1		)	(1		)	—			—		(1		)	4		12
Operating losses	72			62			10			16		27			26		27
FDIC premium/regulatory exams	80			81			(1		)	(1	)	71			69		67
Other noninterest expense	309			299			10			3		274			335		334
Total noninterest expense	1,560			1,542			18			1		1,465			1,548		1,499
INCOME BEFORE PROVISION FOR INCOME TAXES	259			237			22			9		220			238		171
Provision for income taxes	45			58			(13		)	(22	)	33			45		14
INCOME INCLUDING INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	214			179			35			20		187			193		157
Net income/(loss) attributable to noncontrolling interest	(1		)	1			(2		)	NM		7			8		4
NET INCOME		$215			$178			$37		21	%		$180			$185		$153
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS		$211			$174			$37		21	%		$38			$114		$84
Net interest income - FTE 1	1,293			1,286			7			1		1,277			1,294		1,266
Net income per average common share
Diluted 2	0.39			0.33			—			18		0.08			0.23		0.17
Basic	0.40			0.33			—			21		0.08			0.23		0.17
Cash dividends paid per common share	0.05			0.01			—			NM		0.01			0.01		0.01
Average common shares outstanding (000s)
Diluted	535,395			535,416			(21		)	—		503,503			499,423		498,802
Basic	531,928			531,792			136			—		499,669			495,710		495,501

¹  Net interest income includes the effects of FTE adjustments using a federal tax rate of 35% and state income taxes where applicable to increase tax-exempt interest income to a taxable-equivalent basis. See Appendix A for a reconcilement of this non-GAAP measure to the related GAAP measure.

²  For earnings per share calculation purposes, the impact of dilutive securities are excluded from the diluted share count during periods that the Company has recognized a net loss available to common shareholders because the impact would be antidilutive.

³  “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

12

SunTrust Banks, Inc. and Subsidiaries

CONSOLIDATED BALANCE SHEETS

(Dollars in millions and shares in thousands) (Unaudited)

	As of September 30						Increase/(Decrease)
	2011			2010			Amount			%
ASSETS
Cash and due from banks		$4,637			$3,169			$1,468		46	%
Interest-bearing deposits in other banks	21			25			(4		)	(16	)
Funds sold and securities purchased under agreements to resell	842			962			(120		)	(12	)
Trading assets	6,288			6,650			(362		)	(5	)
Securities available for sale	27,502			30,310			(2,808		)	(9	)
Loans held for sale	2,243			3,114			(871		)	(28	)
Loans held for investment:
Commercial & industrial	47,985			44,374			3,611			8
Commercial real estate	5,330			6,616			(1,286		)	(19	)
Commercial construction	1,390			3,052			(1,662		)	(54	)
Residential mortgages - guaranteed	4,449			4,090			359			9
Residential mortgages - nonguaranteed	23,517			24,124			(607		)	(3	)
Residential home equity products	15,980			16,913			(933		)	(6	)
Residential construction	1,046			1,413			(367		)	(26	)
Consumer student loans - guaranteed	5,333			4,044			1,289			32
Consumer other direct	1,945			1,636			309			19
Consumer indirect	10,003			8,310			1,693			20
Consumer credit cards	497			483			14			3
Total loans held for investment	117,475			115,055			2,420			2
Allowance for loan and lease losses	(2,600		)	(3,086		)	(486		)	(16	)
Net loans held for investment	114,875			111,969			2,906			3
Goodwill	6,344			6,323			21			—
Other intangible assets	1,138			1,204			(66		)	(5	)
Other real estate owned	509			645			(136		)	(21	)
Other assets	8,154			10,332			(2,178		)	(21	)
Total assets1		$172,553			$174,703			($2,150	)	(1	)%
LIABILITIES
Deposits:
Noninterest-bearing consumer and commercial deposits		$32,447			$26,707			$5,740		21	%
Interest-bearing consumer and commercial deposits:
NOW accounts	24,670			23,444			1,226			5
Money market accounts	43,236			40,798			2,438			6
Savings	4,644			4,051			593			15
Consumer time	12,177			13,966			(1,789		)	(13	)
Other time	6,759			8,528			(1,769		)	(21	)
Total consumer and commercial deposits	123,933			117,494			6,439			5
Brokered deposits	2,283			2,409			(126		)	(5	)
Foreign deposits	35			441			(406		)	(92	)
Total deposits	126,251			120,344			5,907			5
Funds purchased	998			1,076			(78		)	(7	)
Securities sold under agreements to repurchase	2,016			2,429			(413		)	(17	)
Other short-term borrowings	3,218			4,894			(1,676		)	(34	)
Long-term debt	13,544			15,208			(1,664		)	(11	)
Trading liabilities	1,735			2,702			(967		)	(36	)
Other liabilities	4,591			4,612			(21		)	—
Total liabilities	152,353			151,265			1,088			1
SHAREHOLDERS' EQUITY
Preferred stock, no par value	172			4,935			(4,763		)	(97	)
Common stock, $1.00 par value	550			515			35			7
Additional paid in capital	9,314			8,443			871			10
Retained earnings	8,933			8,432			501			6
Treasury stock, at cost, and other	(795		)	(952		)	(157		)	(16	)
Accumulated other comprehensive income	2,026			2,065			(39		)	(2	)
Total shareholders' equity	20,200			23,438			(3,238		)	(14	)
Total liabilities and shareholders' equity		$172,553			$174,703			($2,150	)	(1	)%
Common shares outstanding	537,001			499,955			37,046			7	%
Common shares authorized	750,000			750,000			—			—
Preferred shares outstanding	2			50			(48		)	(96	)
Preferred shares authorized	50,000			50,000			—			—
Treasury shares of common stock	12,919			14,712			(1,793		)	(12	)
1Includes earning assets of		$148,991			$149,994			($1,003	)	(1	)%

13

SunTrust Banks, Inc. and Subsidiaries

FIVE QUARTER CONSOLIDATED BALANCE SHEETS

(Dollars in millions and shares in thousands) (Unaudited)

	As of											As of
	September 30			June 30			Increase/(Decrease)					March 31			December 31			September 30
	2011			2011			Amount			%		2011			2010			2010
ASSETS
Cash and due from banks		$4,637			$5,633			($996	)	(18	)%		$5,216			$4,296			$3,169
Interest-bearing deposits in other banks	21			20			1			5		20			24			25
Funds sold and securities purchased under agreements to resell	842			1,134			(292		)	(26	)	981			1,058			962
Trading assets	6,288			6,586			(298		)	(5	)	6,289			6,175			6,650
Securities available for sale	27,502			27,216			286			1		26,569			26,895			30,310
Loans held for sale	2,243			2,052			191			9		2,165			3,501			3,114
Loans held for investment:
Commercial & industrial	47,985			45,922			2,063			4		45,080			44,753			44,374
Commercial real estate	5,330			5,707			(377		)	(7	)	6,043			6,167			6,616
Commercial construction	1,390			1,740			(350		)	(20	)	2,109			2,568			3,052
Residential mortgages - guaranteed	4,449			4,513			(64		)	(1	)	4,516			4,520			4,090
Residential mortgages - nonguaranteed	23,517			23,224			293			1		23,443			23,959			24,124
Residential home equity products	15,980			16,169			(189		)	(1	)	16,382			16,751			16,913
Residential construction	1,046			1,118			(72		)	(6	)	1,208			1,291			1,413
Consumer student loans - guaranteed	5,333			4,620			713			15		4,477			4,260			4,044
Consumer other direct	1,945			1,863			82			4		1,786			1,722			1,636
Consumer indirect	10,003			9,630			373			4		9,469			9,499			8,310
Consumer credit cards	497			407			90			22		419			485			483
Total loans held for investment	117,475			114,913			2,562			2		114,932			115,975			115,055
Allowance for loan and lease losses	(2,600		)	(2,744		)	(144		)	(5	)	(2,854		)	(2,974		)	(3,086		)
Net loans held for investment	114,875			112,169			2,706			2		112,078			113,001			111,969
Goodwill	6,344			6,343			1			—		6,324			6,323			6,323
Other intangible assets	1,138			1,539			(401		)	(26	)	1,659			1,571			1,204
Other real estate owned	509			483			26			5		534			596			645
Other assets	8,154			8,998			(844		)	(9	)	8,959			9,434			10,332
Total assets1		$172,553			$172,173			$380		—	%		$170,794			$172,874			$174,703
LIABILITIES
Deposits:
Noninterest-bearing consumer and commercial deposits		$32,447			$30,591			$1,856		6	%		$28,521			$27,290			$26,707
Interest-bearing consumer and commercial deposits:
NOW accounts	24,670			24,330			340			1		25,462			26,115			23,444
Money market accounts	43,236			42,427			809			2		43,055			42,005			40,798
Savings	4,644			4,600			44			1		4,518			4,094			4,051
Consumer time	12,177			12,598			(421		)	(3	)	12,747			12,879			13,966
Other time	6,759			7,125			(366		)	(5	)	7,256			7,642			8,528
Total consumer and commercial deposits	123,933			121,671			2,262			2		121,559			120,025			117,494
Brokered deposits	2,283			2,345			(62		)	(3	)	2,369			2,365			2,409
Foreign deposits	35			905			(870		)	(96	)	57			654			441
Total deposits	126,251			124,921			1,330			1		123,985			123,044			120,344
Funds purchased	998			939			59			6		1,150			951			1,076
Securities sold under agreements to repurchase	2,016			2,253			(237		)	(11	)	2,113			2,180			2,429
Other short-term borrowings	3,218			2,791			427			15		2,858			2,690			4,894
Long-term debt	13,544			13,693			(149		)	(1	)	14,663			13,648			15,208
Trading liabilities	1,735			3,026			(1,291		)	(43	)	2,731			2,678			2,702
Other liabilities	4,591			4,890			(299		)	(6	)	4,071			4,553			4,612
Total liabilities	152,353			152,513			(160		)	—		151,571			149,744			151,265
SHAREHOLDERS’ EQUITY
Preferred stock, no par value	172			172			—			—		172			4,942			4,935
Common stock, $1.00 par value	550			550			—			—		550			515			515
Additional paid in capital	9,314			9,330			(16		)	—		9,324			8,403			8,443
Retained earnings	8,933			8,745			188			2		8,575			8,542			8,432
Treasury stock, at cost, and other	(795		)	(805		)	(10		)	(1	)	(823		)	(888		)	(952		)
Accumulated other comprehensive income	2,026			1,668			358			21		1,425			1,616			2,065
Total shareholders’ equity	20,200			19,660			540			3		19,223			23,130			23,438
Total liabilities and shareholders’ equity		$172,553			$172,173			$380		—	%		$170,794			$172,874			$174,703
Common shares outstanding	537,001			536,907			94			—	%	536,817			500,436			499,955
Common shares authorized	750,000			750,000			—			—		750,000			750,000			750,000
Preferred shares outstanding	2			2			—			—		2			50			50
Preferred shares authorized	50,000			50,000			—			—		50,000			50,000			50,000
Treasury shares of common stock	12,919			13,014			(95		)	(1	)	13,104			14,231			14,712
1Includes earning assets of		$148,991			$146,367			$2,624		2	%		$145,895			$148,473			$149,994

14

SunTrust Banks, Inc. and Subsidiaries CONSOLIDATED DAILY AVERAGE BALANCES, AVERAGE YIELDS EARNED AND RATES PAID (Dollars in millions; yields on taxable-equivalent basis) (Unaudited)
	Three Months Ended														Increase/(Decrease) From
	September 30, 2011							June 30, 2011							Sequential Quarter
	Average Balances			Interest Income/Expense		Yields/ Rates		Average Balances			Interest Income/Expense		Yields/ Rates		Average Balances			Yields/ Rates
ASSETS
Loans (Post-Adoption):1
Commercial and industrial - FTE 2		$46,261			$595	5.11	%		$45,158			$583	5.17	%		$1,103		(0.06	)%
Commercial real estate	5,192			49		3.72		5,479			50		3.66		(287		)	0.06
Commercial construction	1,043			10		3.90		1,204			11		3.83		(161		)	0.07
Residential mortgages - guaranteed	4,349			39		3.59		4,387			39		3.57		(38		)	0.02
Residential mortgages -non guaranteed	21,888			266		4.87		21,794			273		5.01		94			(0.14	)
Home equity products	15,718			148		3.74		15,924			150		3.77		(206		)	(0.03	)
Residential construction	826			11		5.10		885			12		5.24		(59		)	(0.14	)
Guaranteed student loans	4,765			52		4.35		4,552			49		4.37		213			(0.02	)
Other direct	1,906			23		4.67		1,823			22		4.79		83			(0.12	)
Indirect	9,761			109		4.44		9,459			111		4.70		302			(0.26	)
Credit cards	522			15		11.31		457			15		12.98		65			(1.67	)
Nonaccrual	3,407			7		0.79		3,798			10		1.08		(391		)	(0.29	)
Total loans	115,638			1,324		4.54		114,920			1,325		4.62		718			(0.08	)
Securities available for sale:
Taxable	23,768			195		3.29		23,711			199		3.35		57			(0.06	)
Tax-exempt - FTE 2	485			7		5.44		517			7		5.47		(32		)	(0.03	)
Total securities available for sale	24,253			202		3.33		24,228			206		3.40		25			(0.07	)
Funds sold and securities purchased under agreements to resell	977			—		—		1,079			—		—		(102		)	—
Loans held for sale	2,032			21		4.11		2,104			22		4.17		(72		)	(0.06	)
Interest-bearing deposits	21			—		0.15		23			—		0.16		(2		)	(0.01	)
Interest earning trading assets	3,915			21		2.09		3,631			20		2.30		284			(0.21	)
Total earning assets	146,836			1,568		4.23		145,985			1,573		4.32		851			(0.09	)
Allowance for loan and lease losses	(2,682		)					(2,740		)					58
Cash and due from banks	5,567							4,452							1,115
Other assets	16,676							17,348							(672		)
Noninterest earning trading assets	2,897							2,999							(102		)
Unrealized gains on securities available for sale, net	2,782							2,483							299
Total assets		$172,076							$170,527							$1,549
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing deposits:
NOW accounts	$23,979				$8	0.13	%		$24,672			$10	0.16	%		($693	)	(0.03	)%
Money market accounts	43,095			39		0.36		42,865			43		0.40		230			(0.04	)
Savings	4,622			2		0.15		4,587			2		0.18		35			(0.03	)
Consumer time	12,404			49		1.59		12,712			51		1.60		(308		)	(0.01	)
Other time	6,940			30		1.70		7,203			31		1.74		(263		)	(0.04	)
Total interest-bearing consumer and commercial deposits	91,040			128		0.56		92,039			137		0.60		(999		)	(0.04	)
Brokered deposits	2,303			26		4.34		2,317			25		4.38		(14		)	(0.04	)
Foreign deposits	9			—		0.13		23			—		0.05		(14		)	0.08
Total interest-bearing deposits	93,352			154		0.65		94,379			162		0.69		(1,027		)	(0.04	)
Funds purchased	1,069			—		0.11		1,001			—		0.12		68			(0.01	)
Securities sold under agreements to repurchase	2,170			1		0.15		2,264			1		0.14		(94		)	0.01
Interest-bearing trading liabilities	878			7		2.95		922			8		3.39		(44		)	(0.44	)
Other short-term borrowings	3,063			3		0.40		2,934			3		0.38		129			0.02
Long-term debt	13,667			110		3.19		13,765			113		3.30		(98		)	(0.11	)
Total interest-bearing liabilities	114,199			275		0.95		115,265			287		1.00		(1,066		)	(0.05	)
Noninterest-bearing deposits	31,934							29,840							2,094
Other liabilities	4,069							3,823							246
Noninterest-bearing trading liabilities	1,874							2,090							(216		)
Shareholders’ equity	20,000							19,509							491
Total liabilities and shareholders’ equity		$172,076							$170,527							$1,549
Interest Rate Spread						3.28	%						3.32	%				(0.04	)%
Net Interest Income - FTE 2					$1,293							$1,286
Net Interest Margin 3						3.49	%						3.53	%				(0.04	)%

¹ Average balances, interest income, and yields are presented using the new loan classifications as initially adopted in the Company’s 2010 Annual Report on Form 10-K. Due to the inability of the Company to present 2010 periods using the new classifications, the 2011 amounts have also been presented using prior loan classifications on the next page.

² The fully taxable-equivalent(“FTE”) basis adjusts for the tax-favored status of net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources.

³ The net interest margin is calculated by dividing annualized net interest income - FTE by average total earning assets.

15

SunTrust Banks, Inc. and Subsidiaries CONSOLIDATED DAILY AVERAGE BALANCES, AVERAGE YIELDS EARNED AND RATES PAID, continued (Dollars in millions; yields on taxable-equivalent basis) (Unaudited)
	Three Months Ended														Increase/(Decrease) From
	September 30, 2011							June 30, 2011							Sequential Quarter					Prior Year Quarter
	Average Balances			Interest Income/ Expense		Yields/Rates		Average Balances			Interest Income/ Expense		Yields/Rates		Average Balances			Yields/Rates		Average Balances			Yields/Rates
ASSETS
Loans (Pre-Adoption): 1
Real estate residential mortgage 1-4 family		$28,870			$347	4.81	%		$28,971			$357	4.93	%		($101	)	(0.12	)%		($382	)	(0.46	)%
Real estate construction	1,969			20		3.96		2,167			21		3.90		(198		)	0.06		(1,462		)	0.18
Real estate home equity lines	14,210			121		3.37		14,347			121		3.37		(137		)	—		(575		)	(0.03	)
Real estate commercial	12,620			128		4.03		13,156			132		4.02		(536		)	0.01		(1,546		)	(0.05	)
Commercial - FTE 2	36,686			491		5.31		35,211			476		5.42		1,475			(0.11	)	4,195			(0.29	)
Credit card	1,026			21		8.08		967			20		8.33		59			(0.25	)	(23		)	(0.29	)
Consumer - direct	7,089			80		4.49		6,844			77		4.52		245			(0.03	)	1,217			0.04
Consumer - indirect	9,761			109		4.44		9,459			111		4.70		302			(0.26	)	1,991			(1.06	)
Nonaccrual	3,407			7		0.79		3,798			10		1.08		(391		)	(0.29	)	(1,099		)	(0.09	)
Total loans	115,638			1,324		4.54		114,920			1,325		4.62		718			(0.08	)	2,316			(0.20	)
Securities available for sale:
Taxable	23,768			195		3.29		23,711			199		3.35		57			(0.06	)	(1,734		)	0.03
Tax-exempt - FTE 2	485			7		5.44		517			7		5.47		(32		)	(0.03	)	(247		)	0.18
Total securities available for sale	24,253			202		3.33		24,228			206		3.40		25			(0.07	)	(1,981		)	0.01
Funds sold and securities purchased under agreements to resell	977			—		—		1,079			—		—		(102		)	—		(44		)	(0.08	)
Loans held for sale	2,032			21		4.11		2,104			22		4.17		(72		)	(0.06	)	(1,244		)	(0.22	)
Interest-bearing deposits	21			—		0.15		23			—		0.16		(2		)	(0.01	)	(4		)	0.05
Interest earning trading assets	3,915			21		2.09		3,631			20		2.30		284			(0.21	)	544			(0.66	)
Total earning assets	146,836			1,568		4.23		145,985			1,573		4.32		851			(0.09	)	(413		)	(0.17	)
Allowance for loan and lease losses	(2,682		)					(2,740		)					58					353
Cash and due from banks	5,567							4,452							1,115					1,367
Other assets	16,676							17,348							(672		)			(1,343		)
Noninterest earning trading assets	2,897							2,999							(102		)			(274		)
Unrealized gains on securities available for sale, net	2,782							2,483							299					387
Total assets		$172,076							$170,527							$1,549					$77
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing deposits:
NOW accounts		$23,979			$8	0.13	%		$24,672			$10	0.16	%		($693	)	(0.03	)%		$465		(0.10	)%
Money market accounts	43,095			39		0.36		42,865			43		0.40		230			(0.04	)	3,256			(0.21	)
Savings	4,622			2		0.15		4,587			2		0.18		35			(0.03	)	548			(0.07	)
Consumer time	12,404			49		1.59		12,712			51		1.60		(308		)	(0.01	)	(1,977		)	(0.28	)
Other time	6,940			30		1.70		7,203			31		1.74		(263		)	(0.04	)	(1,974		)	(0.32	)
Total interest-bearing consumer and commercial deposits	91,040			128		0.56		92,039			137		0.60		(999		)	(0.04	)	318			(0.25	)
Brokered deposits	2,303			26		4.34		2,317			25		4.38		(14		)	(0.04	)	(115		)	(0.19	)
Foreign deposits	9			—		0.13		23			—		0.05		(14		)	0.08		(313		)	(0.02	)
Total interest-bearing deposits	93,352			154		0.65		94,379			162		0.69		(1,027		)	(0.04	)	(110		)	(0.26	)
Funds purchased	1,069			—		0.11		1,001			—		0.12		68			(0.01	)	(107		)	(0.09	)
Securities sold under agreements to repurchase	2,170			1		0.15		2,264			1		0.14		(94		)	0.01		(335		)	(0.01	)
Interest-bearing trading liabilities	878			7		2.95		922			8		3.39		(44		)	(0.44	)	(39		)	(0.66	)
Other short-term borrowings	3,063			3		0.40		2,934			3		0.38		129			0.02		(129		)	—
Long-term debt	13,667			110		3.19		13,765			113		3.30		(98		)	(0.11	)	(1,729		)	(0.37	)
Total interest-bearing liabilities	114,199			275		0.95		115,265			287		1.00		(1,066		)	(0.05	)	(2,449		)	(0.29	)
Noninterest-bearing deposits	31,934							29,840							2,094					5,423
Other liabilities	4,069							3,823							246					178
Noninterest-bearing trading liabilities	1,874							2,090							(216		)			16
Shareholders’ equity	20,000							19,509							491					(3,091		)
Total liabilities and shareholders’ equity		$172,076							$170,527							$1,549					$77
Interest Rate Spread						3.28	%						3.32	%				(0.04	)%				0.12	%
Net Interest Income - FTE 2				$1,293							$1,286
Net Interest Margin 3						3.49	%						3.53	%				(0.04	)%				0.08	%

¹ For comparability to prior periods, the Company has presented loans in this table using the prior period loan classifications. The previous page presents average balances, interest income, and yields for loans under the new classification that aligns with the new loan class presentation in the Company’s 2010 Annual Report on Form 10-K.

² The fully taxable-equivalent (“FTE”) basis adjusts for the tax-favored status of net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources.

³ The net interest margin is calculated by dividing annualized net interest income - FTE by average total earning assets.

16

SunTrust Banks, Inc. and Subsidiaries CONSOLIDATED DAILY AVERAGE BALANCES, AVERAGE YIELDS EARNED AND RATES PAID, continued (Dollars in millions; yields on taxable-equivalent basis) (Unaudited)
	Three Months Ended
	March 31, 2011							December 31, 2010							September 30, 2010
	Average Balances			Interest Income/ Expense		Yields/Rates		Average Balances			Interest Income/ Expense		Yields/Rates		Average Balances			Interest Income/ Expense		Yields/Rates
ASSETS
Loans:
Real estate residential mortgage 1-4 family		$29,427			$369	5.01	%		$29,789			$378	5.07	%		$29,252			$386	5.27	%
Real estate construction	2,487			24		3.95		2,839			28		3.98		3,431			33		3.78
Real estate home equity lines	14,571			121		3.37		14,738			126		3.38		14,785			127		3.40
Real estate commercial	13,514			137		4.10		13,967			143		4.07		14,166			146		4.08
Commercial - FTE 1	33,925			472		5.64		33,067			472		5.67		32,491			459		5.60
Credit card	1,013			21		8.13		1,054			21		8.04		1,049			22		8.37
Consumer - direct	6,723			74		4.49		6,565			73		4.38		5,872			66		4.45
Consumer - indirect	9,473			114		4.89		8,683			114		5.19		7,770			108		5.50
Nonaccrual 2	4,029			8		0.77		4,228			7		0.67		4,506			8		0.88
Total loans	115,162			1,340		4.72		114,930			1,362		4.70		113,322			1,355		4.74
Securities available for sale:
Taxable	23,705			185		3.12		25,702			196		3.05		25,502			208		3.26
Tax-exempt - FTE 1	549			7		5.54		627			8		5.27		732			10		5.26
Total securities available for sale	24,254			192		3.17		26,329			204		3.11		26,234			218		3.32
Funds sold and securities purchased under agreements to resell	1,064			—		0.01		964			—		0.02		1,021			—		0.08
Loans held for sale	2,726			28		4.13		3,312			35		4.17		3,276			35		4.33
Interest-bearing deposits	22			—		0.13		25			—		0.14		25			—		0.10
Interest earning trading assets	3,558			22		2.49		3,554			22		2.43		3,371			24		2.75
Total earning assets	146,786			1,582		4.37		149,114			1,623		4.32		147,249			1,632		4.40
Allowance for loan and lease losses	(2,852		)					(2,958		)					(3,035		)
Cash and due from banks	6,485							4,889							4,200
Other assets	17,699							17,929							18,019
Noninterest earning trading assets	2,654							3,130							3,171
Unrealized gains on securities available for sale, net	2,294							2,664							2,395
Total assets		$173,066							$174,768							$171,999
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing deposits:
NOW accounts		$25,370			$11	0.17	%		$24,637			$12	0.20	%		$23,514			$13	0.23	%
Money market accounts	42,603			48		0.46		41,711			53		0.50		39,839			57		0.57
Savings	4,266			1		0.13		4,087			2		0.19		4,074			3		0.22
Consumer time	12,774			51		1.61		13,360			57		1.68		14,381			68		1.87
Other time	7,417			33		1.78		8,045			37		1.85		8,914			45		2.02
Total interest-bearing consumer and commercial deposits	92,430			144		0.63		91,840			161		0.70		90,722			186		0.81
Brokered deposits	2,347			25		4.36		2,411			27		4.36		2,418			28		4.53
Foreign deposits	259			—		0.15		416			—		0.15		322			—		0.15
Total interest-bearing deposits	95,036			169		0.72		94,667			188		0.79		93,462			214		0.91
Funds purchased	1,114			—		0.18		1,092			1		0.19		1,176			1		0.20
Securities sold under agreements to repurchase	2,302			1		0.16		2,541			1		0.17		2,505			1		0.16
Interest-bearing trading liabilities	930			8		3.34		812			7		3.55		917			9		3.61
Other short-term borrowings	2,760			3		0.41		3,464			4		0.40		3,192			3		0.40
Long-term debt	13,806			124		3.64		14,914			128		3.41		15,396			138		3.56
Total interest-bearing liabilities	115,948			305		1.07		117,490			329		1.11		116,648			366		1.24
Noninterest-bearing deposits	28,280							27,848							26,511
Other liabilities	3,955							4,045							3,891
Noninterest-bearing trading liabilities	1,776							1,809							1,858
Shareholders’ equity	23,107							23,576							23,091
Total liabilities and shareholders’ equity		$173,066						$	174,768						$	171,999
Interest Rate Spread						3.30	%						3.21	%						3.16	%
Net Interest Income - FTE 1					$1,277							$1,294							$1,266
Net Interest Margin 3						3.53	%						3.44	%						3.41	%

¹  The fully taxable-equivalent (“FTE”) basis adjusts for the tax-favored status of net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources.

²  Accruing TDRs were classified in Nonaccrual during prior periods. Due to sustained performance, accruing TDRs have been reclassified to the applicable loan category where the related interest income is being classified in all periods presented.

³  The net interest margin is calculated by dividing annualized net interest income - FTE by average total earning assets.

17

SunTrust Banks, Inc. and Subsidiaries CONSOLIDATED DAILY AVERAGE BALANCES, AVERAGE YIELDS EARNED AND RATES PAID, continued (Dollars in millions; yields on taxable-equivalent basis) (Unaudited)
	Nine Months Ended
	September 30, 2011
	Average Balances			Interest Income/Expense		Yields/ Rates
ASSETS
Loans:
Commercial and industrial - FTE 1		$45,208			$1,760	5.21	%
Commercial real estate	5,462			152		3.71
Commercial construction	1,236			35		3.84
Residential mortgages - guaranteed	4,347			113		3.47
Residential mortgages - nonguaranteed	21,950			826		5.02
Home equity products	15,950			449		3.76
Residential construction	891			35		5.18
Guaranteed student loans	4,566			148		4.34
Other direct	1,824			66		4.82
Indirect	9,566			334		4.67
Credit cards	500			45		11.90
Nonaccrual	3,742			25		0.88
Total loans	115,242			3,988		4.63
Securities available for sale:
Taxable	23,728			579		3.25
Tax-exempt - FTE 1	517			21		5.49
Total securities available for sale	24,245			600		3.30
Funds sold and securities purchased under agreements to resell	1,040			—		—
Loans held for sale	2,285			71		4.14
Interest-bearing deposits	22			—		0.14
Interest earning trading assets	3,702			63		2.28
Total earning assets	146,536			4,722		4.31
Allowance for loan and lease losses	(2,757		)
Cash and due from banks	5,498
Other assets	17,237
Noninterest earning trading assets	2,851
Unrealized gains on securities available for sale, net	2,521
Total assets		$171,886
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing deposits:
NOW accounts		$24,669			$29	0.15	%
Money market accounts	42,856			130		0.41
Savings	4,493			5		0.16
Consumer time	12,629			151		1.60
Other time	7,185			94		1.74
Total interest-bearing consumer and commercial deposits	91,832			409		0.60
Brokered deposits	2,322			77		4.36
Foreign deposits	96			—		0.14
Total interest-bearing deposits	94,250			486		0.69
Funds purchased	1,061			1		0.14
Securities sold under agreements to repurchase	2,245			2		0.15
Interest-bearing trading liabilities	910			22		3.23
Other short-term borrowings	2,920			9		0.40
Long-term debt	13,745			347		3.38
Total interest-bearing liabilities	115,131			867		1.01
Noninterest-bearing deposits	30,031
Other liabilities	3,949
Noninterest-bearing trading liabilities	1,914
Shareholders’ equity	20,861
Total liabilities and shareholders’ equity		$171,886
Interest Rate Spread						3.30	%
Net Interest Income - FTE 1					$3,855
Net Interest Margin 2						3.52	%

¹The fully taxable-equivalent (“FTE”) basis adjusts for the tax-favored status of net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources.

²The net interest margin is calculated by dividing annualized net interest income - FTE by average total earning assets.

18

SunTrust Banks, Inc. and Subsidiaries OTHER FINANCIAL DATA (Dollars in millions) (Unaudited)
	Three Months Ended September 30											Nine Months Ended September 30
							Increase/(Decrease)											Increase/(Decrease)
	2011			2010			Amount			%		2011			2010			Amount			%
CREDIT DATA
Allowance for credit losses - beginning		$2,795			$3,216			($421	)	(13	)%		$3,032			$3,235			($203	)	(6	)%
Provision/(benefit) for unfunded commitments	(1		)	(5		)	(4		)	(80	)	(8		)	(60		)	(52		)	(87	)
Provision for loan losses
Commercial	86			186			(100		)	(54	)	318			671			(353		)	(53	)
Residential	236			392			(156		)	(40	)	810			1,406			(596		)	(42	)
Consumer	26			42			(16		)	(38	)	66			122			(56		)	(46	)
Total provision for loan losses	348			620			(272		)	(44	)	1,194			2,199			(1,005		)	(46	)
Charge-offs
Commercial	(214		)	(251		)	(37		)	(15	)	(619		)	(694		)	(75		)	(11	)
Residential	(282		)	(433		)	(151		)	(35	)	(970		)	(1,511		)	(541		)	(36	)
Consumer	(40		)	(41		)	(1		)	(2	)	(125		)	(150		)	(25		)	(17	)
Total charge-offs	(536		)	(725		)	(189		)	(26	)	(1,714		)	(2,355		)	(641		)	(27	)
Recoveries
Commercial	29			20			9			45		99			72			27			38
Residential	3			5			(2		)	(40	)	14			15			(1		)	(7	)
Consumer	12			10			2			20		33			35			(2		)	(6	)
Total recoveries	44			35			9			26		146			122			24			20
Net charge-offs	(492		)	(690		)	(198		)	(29	)	(1,568		)	(2,233		)	(665		)	(30	)
Allowance for credit losses - ending		$2,650			$3,141			($491	)	(16	)%		$2,650			$3,141			($491	)	(16	)%
Components:
Allowance for loan and lease losses		$2,600			$3,086			($486	)	(16	)%
Unfunded commitments reserve	50			55			(5		)	(9	)
Allowance for credit losses		$2,650			$3,141			($491	)	(16	)%
Net charge-offs to average loans (annualized)1
Commercial	1.37		%	1.70		%	(0.33		)%			1.30		%	1.51		%	(0.21		)%
Residential	2.47			3.68			(1.21		)			2.83			4.33			(1.50		)
Consumer	0.66			0.91			(0.25		)			0.75			1.24			(0.49		)
Total net charge-offs to total average loans	1.69		%	2.42		%	(0.73		)%			1.82		%	2.63		%	(0.81		)%
Period Ended
Nonaccrual/nonperforming loans
Commercial		$1,205			$2,058			($853	)	(41	)%
Residential	2,007			2,273			(266		)	(12	)
Consumer	27			42			(15		)	(36	)
Total nonaccrual/nonperforming loans	3,239			4,373			(1,134		)	(26	)
Other real estate owned (“OREO”)	509			645			(136		)	(21	)
Other repossessed assets	15			51			(36		)	(71	)
Total nonperforming assets		$3,763			$5,069			($1,306	)	(26	)%
Accruing restructured loans		$2,824			$2,516			$308		12	%
Nonaccruing restructured loans	883			988			(105		)	(11	)
Accruing loans past due > 90 days (guaranteed)	1,708			1,425			283			20
Accruing loans past due > 90 days (non-guaranteed)	116			155			(39		)	(25	)
Total nonperforming loans to total loans	2.76		%	3.80		%	(1.04		)%	(27	)%
Total nonperforming assets to total loans plus OREO,     other repossessed assets, and nonperforming LHFS	3.19			4.38			(1.19		)	(27	)
Allowance to period-end loans2,3	2.22			2.69			(0.47		)	(17	)
Allowance to nonperforming loans2,3	80.92			71.07			9.85			14
Allowance to annualized net charge-offs2	1.33x			1.13x			0.20x			18

¹ Average loans under the new loan classifications in periods prior to the first quarter of 2011 were computed using monthly averages due to an inability to calculate daily averages for prior periods. The Company believes that monthly averages are representative of its operations and materially approximates daily averages. 

² This ratio is computed using the allowance for loan and lease losses.

³ Loans carried at fair value were excluded from the calculation.

19

SunTrust Banks, Inc. and Subsidiaries FIVE QUARTER OTHER FINANCIAL DATA (Dollars in millions) (Unaudited)
	Three Months Ended
	September 30			June 30			Increase/(Decrease)					March 31			December 31			September 30
	2011			2011			Amount			%		2011			2010			2010
CREDIT DATA
Allowance for credit losses - beginning		$2,795			$2,908			($113	)	(4	)%		$3,032			$3,141			$3,216
Provision/(benefit) for unfunded commitments	(1		)	(3		)	(2		)	(67	)	(4		)	3			(5		)
Provision for loan losses
Commercial	86			124			(38		)	(31	)	108			104			186
Residential	236			252			(16		)	(6	)	322			379			392
Consumer	26			19			7			37		21			26			42
Total provision for loan losses	348			395			(47		)	(12	)	451			509			620
Charge-offs
Commercial	(214		)	(220		)	(6		)	(3	)	(185		)	(228		)	(251		)
Residential	(282		)	(303		)	(21		)	(7	)	(385		)	(390		)	(433		)
Consumer	(40		)	(40		)	—			—		(45		)	(45		)	(41		)
Total charge-offs	(536		)	(563		)	(27		)	(5	)	(615		)	(663		)	(725		)
Recoveries
Commercial	29			41			(12		)	(29	)	29			25			20
Residential	3			6			(3		)	(50	)	5			7			5
Consumer	12			11			1			9		10			10			10
Total recoveries	44			58			(14		)	(24	)	44			42			35
Net charge-offs	(492		)	(505		)	(13		)	(3	)	(571		)	(621		)	(690		)
Allowance for credit losses - ending		$2,650			$2,795			($145	)	(5	)%		$2,908			$3,032			$3,141
Components:
Allowance for loan and lease losses		$2,600			$2,744			($144	)	(5	)%		$2,854			$2,974			$3,086
Unfunded commitments reserve	50			51			(1		)	(2	)	54			58			55
Allowance for credit losses		$2,650			$2,795			($145	)	(5	)%		$2,908			$3,032			$3,141
Net charge-offs to average loans (annualized)1
Commercial	1.37		%	1.34		%	0.03		%			1.19		%	1.50		%	1.70		%
Residential	2.47			2.65			(0.18		)			3.37			3.28			3.68
Consumer	0.66			0.71			(0.05		)			0.89			0.93			0.91
Total net charge-offs to total average loans	1.69		%	1.76		%	(0.07		)%			2.01		%	2.14		%	2.42		%
Period Ended
Nonaccrual/nonperforming loans
Commercial		$1,205			$1,563			($358	)	(23	)%		$1,863			$1,887			$2,058
Residential	2,007			2,013			(6		)	—		2,076			2,188			2,273
Consumer	27			34			(7		)	(21	)	32			35			42
Total nonaccrual/nonperforming loans	3,239			3,610			(371		)	(10	)	3,971			4,110			4,373
OREO	509			483			26			5		534			596			645
Other repossessed assets	15			11			4			36		16			52			51
Nonperforming LHFS	—			—			—			—		47			—			—
Total nonperforming assets		$3,763			$4,104			($341	)	(8	)%		$4,568			$4,758			$5,069
Accruing restructured loans		$2,824			$2,719			$105		4	%		$2,643			$2,613			$2,516
Nonaccruing restructured loans	883			923			(40		)	(4	)	976			1,005			988
Accruing loans past due > 90 days (guaranteed)	1,708			1,567			141			9		1,570			1,481			1,425
Accruing loans past due > 90 days (non-guaranteed)	116			69			47			68		88			84			155
Total nonperforming loans to total loans	2.76		%	3.14		%	(0.38		)%	(12	)%	3.46		%	3.54		%	3.80		%
Total nonperforming assets to total loans plus OREO,     other repossessed assets, and nonperforming LHFS	3.19			3.56			(0.37		)	(10	)	3.95			4.08			4.38
Allowance to period-end loans2,3	2.22			2.40			(0.18		)	(8	)	2.49			2.58			2.69
Allowance to nonperforming loans2,3	80.92			76.57			4.35			6		72.29			72.86			71.07
Allowance to annualized net charge-offs2	1.33x			1.35x			(0.02)x			(1	)	1.23x			1.21x			1.13x

¹ Average loans under the new loan classifications in periods prior to the first quarter of 2011 were computed using monthly averages due to an inability to calculate daily averages for prior periods. The Company believes that monthly averages are representative of its operations and materially approximates daily averages.

² This ratio is computed using the allowance for loan and lease losses.

³ Loans carried at fair value were excluded from the calculation.

20

SunTrust Banks, Inc. and Subsidiaries OTHER FINANCIAL DATA, continued (Dollars in millions) (Unaudited)
	Three Months Ended September 30												Nine Months Ended September 30
	Core Deposit   Intangibles			MSRs - Fair Value			Other			Total			Core Deposit   Intangibles			MSRs - LOCOM			MSRs - Fair Value			Other			Total
OTHER INTANGIBLE ASSET ROLLFORWARD
Balance, beginning of period		$85			$1,298			$60			$1,443			$104			$604			$936			$67			$1,711
Designated at fair value (transfers from amortized cost)	—			—			—			—			—			(604		)	604			—			—
Amortization	(10		)	—			(3		)	(13		)	(29		)	—			—			(10		)	(39		)
Mortgage Servicing Rights (“MSRs”) originated	—			64			—			64			—			—			198			—			198
Fair value change due to fair value election	—			—			—			—			—			—			145			—			145
Fair value changes due to inputs and assumptions	—			(241		)	—			(241		)	—			—			(643		)	—			(643		)
Other changes in fair value	—			(49		)	—			(49		)	—			—			(168		)	—			(168		)
Balance, September 30, 2010		$75			$1,072			$57			$1,204			$75			$—			$1,072			$57			$1,204
Balance, beginning of period		$51			$1,423			$65			$1,539			$67			$—			$1,439			$65			$1,571
Amortization	(7		)	—			(4		)	(11		)	(23		)	—			—			(11		)	(34		)
MSRs originated	—			47			—			47			—			—			183			—			183
Sale of MSRs	—			—			—			—			—			—			(7		)	—			(7		)
Fair value changes due to inputs and assumptions	—			(391		)	—			(391		)	—			—			(443		)	—			(443		)
Other changes in fair value	—			(46		)	—			(46		)	—			—			(139		)	—			(139		)
Other	—			—			—			—			—			—			—			7			7
Balance, September 30, 2011		$44			$1,033			$61			$1,138			$44			$—			$1,033			$61			$1,138

	Three Months Ended
	September 30         2011	June 30       2011	March 31       2011	December 31     2010	September 30     2010
COMMON SHARE ROLLFORWARD (000’s)
Balance, beginning of period	536,907	536,817	500,436	499,955	499,929
Common shares issued/exchanged for employee benefit plans, stock option, and restricted stock activity	94	90	1,127	481	26
Issuance of common stock - Capital Plan	—	—	35,254	—	—
Balance, end of period	537,001	536,907	536,817	500,436	499,955

21

SunTrust Banks, Inc. and Subsidiaries RECONCILEMENT OF NON-GAAP MEASURES APPENDIX A TO THE EARNINGS RELEASE (Dollars in millions, except per share data) (Unaudited)
	Three Months Ended															Nine Months Ended
	September 30			June 30			March 31			December 31			September 30			September 30			September 30
	2011			2011			2011			2010			2010			2011			2010
NON-GAAP MEASURES PRESENTED IN THE EARNINGS RELEASE1
Efficiency ratio2	71.05		%	70.17		%	67.83		%	66.57		%	64.80		%	69.69		%	68.45		%
Impact of excluding amortization of intangible assets	(0.50		)	(0.53		)	(0.51		)	(0.50		)	(0.56		)	(0.51		)	(0.62		)
Tangible efficiency ratio3	70.55		%	69.64		%	67.32		%	66.07		%	64.24		%	69.18		%	67.83		%
Total shareholders' equity		$20,200			$19,660			$19,223			$23,130			$23,438
Goodwill, net of deferred taxes of $149 million, $144 million, $139 million, $134 million, and $131 million, respectively	(6,195		)	(6,199		)	(6,185		)	(6,189		)	(6,192		)
Other intangible assets, net of deferred taxes of $18 million, $21 million, $24 million, $26 million, and $30 million, respectively, and MSRs	(1,120		)	(1,518		)	(1,635		)	(1,545		)	(1,174		)
MSRs	1,033			1,423			1,538			1,439			1,072
Tangible equity	13,918			13,366			12,941			16,835			17,144
Preferred stock	(172		)	(172		)	(172		)	(4,942		)	(4,936		)
Tangible common equity		$13,746			$13,194			$12,769			$11,893			$12,208
Total assets		$172,553			$172,173			$170,794			$172,874			$174,703
Goodwill	(6,344		)	(6,343		)	(6,324		)	(6,323		)	(6,323		)
Other intangible assets including MSRs	(1,138		)	(1,539		)	(1,659		)	(1,571		)	(1,204		)
MSRs	1,033			1,423			1,538			1,439			1,072
Tangible assets		$166,104			$165,714			$164,349			$166,419			$168,248
Tangible equity to tangible assets4	8.38		%	8.07		%	7.87		%	10.12		%	10.19		%
Tangible book value per common share5		$25.60			$24.57			$23.79			$23.76			$24.42
Net interest income		$1,263			$1,259			$1,249			$1,266			$1,238			$3,771			$3,587
Taxable-equivalent adjustment	30			27			28			28			28			84			89
Net interest income - FTE	1,293			1,286			1,277			1,294			1,266			3,855			3,676
Noninterest income	903			912			883			1,032			1,047			2,698			2,697
Total revenue - FTE	2,196			2,198			2,160			2,326			2,313			6,553			6,373
Securities gains, net	(2		)	(32		)	(64		)	(64		)	(69		)	(98		)	(128		)
Total revenue - FTE excluding net securities gains6		$2,194			$2,166			$2,096			$2,262			$2,244			$6,455			$6,245

¹ Certain amounts in this schedule are presented net of applicable income taxes, which are calculated based on each subsidiary’s federal and state tax rates and laws. In general, the federal marginal tax rate is 35%, but the state marginal tax rates range from 1% to 8% in accordance with the subsidiary’s income tax filing requirements with various tax authorities. In addition, the effective tax rate may differ from the federal and state marginal tax rates in certain cases where a permanent difference exists.

² Computed by dividing noninterest expense by total revenue - FTE. 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.

³ SunTrust presents a tangible efficiency ratio which excludes the amortization 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.

⁴ 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.

⁵ SunTrust presents a tangible book value per common share that excludes the after-tax impact of purchase accounting intangible assets and also excludes preferred stock from tangible equity. The Company believes this measure is useful to investors because, by removing the effect of intangible assets that result from merger and acquisition activity as well as preferred stock (the level of which may vary from company to company), it allows investors to more easily compare the Company’s book value on common stock to other companies in the industry.

⁶ SunTrust presents total revenue - FTE excluding net securities gains. The Company believes noninterest income without net securities gains is more indicative of the Company’s performance because it isolates income that is primarily client relationship and client transaction driven and is more indicative of normalized operations.

22

SunTrust Banks, Inc. and Subsidiaries RECONCILEMENT OF NON-GAAP MEASURES APPENDIX A TO THE EARNINGS RELEASE, continued (Dollars in millions, except per share data) (Unaudited)
	Three Months Ended															Nine Months Ended
	September 30			June 30			March 31			December 31			September 30			September 30			September 30
	2011			2011			2011			2010			2010			2011			2010
NON-GAAP MEASURES PRESENTED IN THE EARNINGS RELEASE1
Net income/(loss) available to common shareholders		$211			$174			$38			$114			$84			$424			($201	)
Accelerated accretion associated with repurchase of preferred stock issued to the U.S. Treasury	—			—			74			—			—			74			—
Net income/(loss) available to common shareholders excluding accelerated accretion associated with repurchase of preferred stock issued to the U.S. Treasury		$211			$174			$112			$114			$84			$498			($201	)
Net income/(loss) per average common share - diluted		$0.39			$0.33			$0.08			$0.23			$0.17			$0.81			($0.41	)
Effect of accelerated accretion associated with repurchase of preferred stock issued to the U.S. Treasury	—			—			0.14			—			—			0.14			—
Net income/(loss) per average common share - diluted, excluding effect of accelerated accretion associated with repurchase of preferred stock issued to the U.S. Treasury		$0.39			$0.33			$0.22			$0.23			$0.17			$0.95			($0.41	)
RECONCILIATION OF NET INCOME/(LOSS) AVAILABLE TO COMMON SHAREHOLDERS:
Net income		$215			$178			$180			$185			$153			$573			$5
Preferred dividends, Series A	(2		)	(2		)	(2		)	(2		)	(2		)	(5		)	(6		)
U.S. Treasury preferred dividends and accretion of discount	—			—			(66		)	(67		)	(67		)	(66		)	(200		)
Accelerated accretion associated with repurchase of preferred stock issued to the U.S. Treasury	—			—			(74		)	—			—			(74		)	—
Dividends and undistributed earnings allocated to unvested shares	(2		)	(2		)	—			(2		)	—			(4		)	—
Net income/(loss) available to common shareholders		$211			$174			$38			$114			$84			$424			($201	)

¹  Certain amounts in this schedule are presented net of applicable income taxes, which are calculated based on each subsidiary’s federal and state tax rates and laws. In general, the federal marginal tax rate is 35%, but the state marginal tax rates range from 1% to 8% in accordance with the subsidiary’s income tax filing requirements with various tax authorities. In addition, the effective tax rate may differ from the federal and state marginal tax rates in certain cases where a permanent difference exists.

23

SunTrust Banks, Inc. and Subsidiaries RETAIL BANKING LINE OF BUSINESS (Dollars in millions)    (Unaudited)
	Three Months Ended September 30								Nine Months Ended September 30
	2011			2010			% Change		2011			2010			% Change
Statements of Income
Net interest income 1		$640			$630		2	%		$1,897			$1,870		1	%
FTE adjustment	—			—			—		—			—			—
Net interest income - FTE	640			630			2		1,897			1,870			1
Provision for credit losses 2	181			229			(21	)	593			765			(22	)
Net interest income - FTE - after provision for credit losses	459			401			14		1,304			1,105			18
Noninterest income before securities gains/(losses)	286			278			3		830			857			(3	)
Securities gains/(losses), net	—			—			—		—			—			—
Total noninterest income	286			278			3		830			857			(3	)
Noninterest expense before amortization of intangible assets	646			613			5		1,912			1,820			5
Amortization of intangible assets	8			10			(20	)	24			30			(20	)
Total noninterest expense	654			623			5		1,936			1,850			5
Income before provision for income taxes	91			56			63		198			112			77
Provision for income taxes	33			20			65		72			39			85
FTE adjustment	—			—			—		—			—			—
Net income including income attributable to noncontrolling interest	58			36			61		126			73			73
Less: net income attributable to noncontrolling interest	—			—			—		—			—			—
Net income		$58			$36		61			$126			$73		73
Total revenue - FTE		$926			$908		2			$2,727			$2,727		—
Selected Average Balances
Total loans		$35,397			$33,537		6	%		$35,330			$33,053		7	%
Goodwill	4,855			4,855			—		4,855			4,855			—
Other intangible assets excluding MSRs	53			87			(39	)	61			97			(37	)
Total assets	40,821			39,105			4		40,752			38,856			5
Consumer and commercial deposits	77,112			75,598			2		76,848			75,056			2
Performance Ratios
Efficiency ratio	70.60		%	68.64		%			70.97		%	67.82		%
Impact of excluding amortization of intangible assets	(4.43		)	(5.08		)			(4.62		)	(5.07		)
Tangible efficiency ratio	66.17		%	63.56		%			66.35		%	62.75		%

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 shareholder’s equity is not allocated to the lines of business at this time.

²  Provision for credit losses represents net charge-offs for the lines of business.

24

SunTrust Banks, Inc. and Subsidiaries DIVERSIFIED COMMERCIAL BANKING LINE OF BUSINESS (Dollars in millions)    (Unaudited)
	Three Months Ended September 30								Nine Months Ended September 30
	2011			2010			% Change		2011			2010			% Change 3
Statements of Income
Net interest income 1		$159			$142		12	%		$456			$408		12	%
FTE adjustment	26			26			—		76			80			(5	)
Net interest income - FTE	185			168			10		532			488			9
Provision for credit losses 2	11			23			(52	)	49			88			(44	)
Net interest income - FTE - after provision for credit losses	174			145			20		483			400			21
Noninterest income before securities gains/(losses)	67			62			8		191			173			10
Securities gains/(losses), net	—			—			—		—			—			—
Total noninterest income	67			62			8		191			173			10
Noninterest expense before amortization of intangible assets	123			107			15		358			335			7
Amortization of intangible assets	—			—			—		—			—			—
Total noninterest expense	123			107			15		358			335			7
Income - FTE - before provision for income taxes	118			100			18		316			238			33
Provision for income taxes	16			11			45		38			7			NM
FTE adjustment	26			26			—		76			80			(5	)
Net income including income attributable to noncontrolling interest	76			63			21		202			151			34
Less: net income attributable to noncontrolling interest	—			—			—		—			—			—
Net income		$76			$63		21			$202			$151		34
Total revenue - FTE		$252			$230		10			$723			$661		9
Selected Average Balances
Total loans		$23,116			$22,380		3	%		$22,985			$22,722		1	%
Goodwill	928			928			—		928			928			—
Other intangible assets excluding MSRs	—			—			—		—			—			—
Total assets	25,242			24,633			2		25,113			25,039			—
Consumer and commercial deposits	19,300			17,757			9		19,210			18,469			4
Performance Ratios
Efficiency ratio	48.44		%	46.33		%			49.43		%	50.74		%
Impact of excluding amortization of intangible assets	(1.75		)	(2.05		)			(1.90		)	(2.36		)
Tangible efficiency ratio	46.69		%	44.28		%			47.53		%	48.38		%

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 shareholder’s equity is not allocated to the lines of business at this time.

²  Provision for credit 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.

25

SunTrust Banks, Inc. and Subsidiaries COMMERCIAL REAL ESTATE LINE OF BUSINESS (Dollars in millions)     (Unaudited)
	Three Months Ended September 30								Nine Months Ended September 30
	2011			2010			% Change		2011			2010			% Change
Statements of Income
Net interest income 1		$34			$38		(11	)%		$105			$124		(15	)%
FTE adjustment	—			—			—		1			—			—
Net interest income - FTE	34			38			(11	)	106			124			(15	)
Provision for credit losses 2	133			156			(15	)	353			344			3
Net interest income - FTE - after provision for credit losses	(99		)	(118		)	16		(247		)	(220		)	(12	)
Noninterest income before securities gains/(losses)	25			21			19		73			61			20
Securities gains/(losses), net	—			—			—		—			—			—
Total noninterest income	25			21			19		73			61			20
Noninterest expense before amortization of intangible assets	100			120			(17	)	316			324			(2	)
Amortization of intangible assets	—			—			—		—			—			—
Total noninterest expense	100			120			(17	)	316			324			(2	)
Loss - FTE - before benefit for income taxes	(174		)	(217		)	20		(490		)	(483		)	(1	)
Benefit for income taxes	(85		)	(103		)	17		(243		)	(242		)	—
FTE adjustment	—			—			—		1			—			—
Loss including income attributable to noncontrolling interest	(89		)	(114		)	22		(248		)	(241		)	(3	)
Less: net income attributable to noncontrolling interest	—			—			—		—			—			—
Net loss		($89	)		($114	)	22			($248	)		($241	)	(3	)
Total revenue - FTE		$59			$59		—			$179			$185		(3	)
Selected Average Balances
Total loans		$6,658			$9,377		(29	)%		$7,314			$10,111		(28	)%
Goodwill	—			—			—		—			—			—
Other intangible assets excluding MSRs	—			—			—		—			—			—
Total assets	7,557			10,395			(27	)	8,230			11,171			(26	)
Consumer and commercial deposits	1,582			1,446			9		1,513			1,602			(6	)
Performance Ratios
Efficiency ratio	169.71		%	202.43		%			176.64		%	175.11		%
Impact of excluding amortization of intangible assets	—			—					—			—
Tangible efficiency ratio	169.71		%	202.43		%			176.64		%	175.11		%

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 shareholder’s equity is not allocated to the lines of business at this time.

²  Provision for credit losses represents net charge-offs for the lines of business.

26

SunTrust Banks, Inc. and Subsidiaries CORPORATE AND INVESTMENT BANKING LINE OF BUSINESS (Dollars in millions)      (Unaudited)
	Three Months Ended September 30								Nine Months Ended September 30
	2011			2010			% Change		2011			2010			% Change 3
Statements of Income
Net interest income 1		$126			$98		29	%		$360			$272		32	%
FTE adjustment	1			—			—		2			1			100
Net interest income - FTE	127			98			30		362			273			33
Provision for credit losses 2	(3		)	—			—		(1		)	37			NM
Net interest income - FTE - after provision for credit losses	130			98			33		363			236			54
Noninterest income before securities gains/(losses)	109			196			(44	)	477			449			6
Securities gains/(losses), net	—			—			—		—			—			—
Total noninterest income	109			196			(44	)	477			449			6
Noninterest expense before amortization of intangible assets	139			121			15		433			352			23
Amortization of intangible assets	—			—			—		—			—			—
Total noninterest expense	139			121			15		433			352			23
Income - FTE - before provision for income taxes	100			173			(42	)	407			333			22
Provision for income taxes	35			64			(45	)	147			122			20
FTE adjustment	1			—			—		2			1			100
Net income including income attributable to noncontrolling interest	64			109			(41	)	258			210			23
Less: net income attributable to noncontrolling interest	—			—			—		—			—			—
Net income		$64			$109		(41	)		$258			$210		23
Total revenue - FTE		$236			$294		(20	)		$839			$722		16
Selected Average Balances
Total loans		$14,302			$10,950		31	%		$13,084			$10,713		22	%
Goodwill	180			180			—		180			180			—
Other intangible assets excluding MSRs	—			—			—		—			—			—
Total assets	23,990			20,900			15		22,651			19,597			16
Consumer and commercial deposits	8,679			7,021			24		8,264			6,522			27
Performance Ratios
Efficiency ratio	59.20		%	41.16		%			51.62		%	48.78		%
Impact of excluding amortization of intangible assets	(0.45		)	(0.28		)			(0.34		)	(0.42		)
Tangible efficiency ratio	58.75		%	40.88		%			51.28		%	48.36		%

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 shareholder’s equity is not allocated to the lines of business at this time.

²  Provision for credit 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.

27

SunTrust Banks, Inc. and Subsidiaries MORTGAGE LINE OF BUSINESS (Dollars in millions)    (Unaudited)
	Three Months Ended September 30								Nine Months Ended September 30
	2011			2010			% Change		2011			2010			% Change
Statements of Income
Net interest income 1		$121			$123		(2	)%		$362			$331		9	%
FTE adjustment	—			—			—		—			—			—
Net interest income - FTE	121			123			(2	)	362			331			9
Provision for credit losses 2	144			265			(46	)	520			956			(46	)
Net interest income - FTE - after provision for credit losses	(23		)	(142		)	84		(158		)	(625		)	75
Noninterest income before securities losses	115			272			(58	)	272			399			(32	)
Securities losses, net	—			—			—		(1		)	(2		)	50
Total noninterest income	115			272			(58	)	271			397			(32	)
Noninterest expense before amortization of intangible assets	318			296			7		847			812			4
Amortization of intangible assets	—			—			—		—			—			—
Total noninterest expense	318			296			7		847			812			4
Loss before benefit for income taxes	(226		)	(166		)	(36	)	(734		)	(1,040		)	29
Benefit for income taxes	(88		)	(63		)	(40	)	(283		)	(395		)	28
FTE adjustment	—			—			—		—			—			—
Net loss including income attributable to noncontrolling interest	(138		)	(103		)	(34	)	(451		)	(645		)	30
Less: net income attributable to noncontrolling interest	—			—			—		—			1			(100	)
Net loss		($138	)		($103	)	(34	)		($451	)		($646	)	30
Total revenue - FTE		$236			$395		(40	)		$633			$728		(13	)
Selected Average Balances
Total loans		$28,765			$29,044		(1	)%		$28,966			$28,864		—	%
Goodwill	—			—			—		—			—			—
Other intangible assets excluding MSRs	—			—			—		—			—			—
Total assets	33,159			34,556			(4	)	33,681			34,627			(3	)
Consumer and commercial deposits	3,081			3,440			(10	)	2,920			2,881			1
Performance Ratios
Efficiency ratio	134.17		%	75.04		%			133.66		%	111.54		%
Impact of excluding amortization of intangible assets	—			—					—			—
Tangible efficiency ratio	134.17		%	75.04		%			133.66		%	111.54		%
Other Information
Production Data
Channel mix
Retail		$3,593			$4,003		(10	)%		$10,615			$11,021		(4	)%
Wholesale	986			1,863			(47	)	2,303			4,801			(52	)
Correspondent	1,220			2,097			(42	)	3,323			4,782			(31	)
Total production		$5,799			$7,963		(27	)		$16,241			$20,604		(21	)
Channel mix - percent
Retail	62		%	51		%			66		%	54		%
Wholesale	17			23					14			23
Correspondent	21			26					20			23
Total production	100		%	100		%			100		%	100		%
Purchase and refinance mix
Refinance		$3,430			$5,250		(35	)		$9,738			$11,931		(18	)
Purchase	2,369			2,714			(13	)	6,503			8,673			(25	)
Total production		$5,799			$7,964		(27	)		$16,241			$20,604		(21	)
Purchase and refinance mix - percent
Refinance	59		%	66		%			60		%	58		%
Purchase	41			34					40			42
Total production	100		%	100		%			100		%	100		%
Applications		$13,670			$16,436		(17	)		$33,313			$39,223		(15	)
Mortgage Servicing Data (End of Period)
Total loans serviced		$161,019			$176,550		(9	)%
Total loans serviced for others	129,427			143,580			(10	)
Net carrying value of MSRs	1,033			1,072			(4	)
Ratio of net carrying value of MSRs to total loans serviced for others	0.798		%	0.747		%

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 shareholder’s equity is not allocated to the lines of business at this time.

²  Provision for credit losses represents net charge-offs for the lines of business.

28

SunTrust Banks, Inc. and Subsidiaries WEALTH AND INVESTMENT MANAGEMENT LINE OF BUSINESS (Dollars in millions)    (Unaudited)
	Three Months Ended September 30								Nine Months Ended September 30
	2011			2010			% Change 4		2011			2010			% Change
Statements of Income
Net interest income 1		$105			$97		8	%		$305			$280		9	%
FTE adjustment	—			—			—		—			—			—
Net interest income - FTE	105			97			8		305			280			9
Provision for credit losses 2	26			15			73		54			44			23
Net interest income - FTE - after provision for credit losses	79			82			(4	)	251			236			6
Noninterest income before securities gains/(losses)	202			196			3		624			578			8
Securities gains/(losses), net	—			—			—		—			—			—
Total noninterest income	202			196			3		624			578			8
Noninterest expense before amortization of intangible assets	232			230			1		701			663			6
Amortization of intangible assets	3			3			—		9			9			—
Total noninterest expense	235			233			1		710			672			6
Income before provision for income taxes	46			45			2		165			142			16
Provision for income taxes	19			16			19		61			52			17
FTE adjustment	—			—			—		—			—			—
Net income including income attributable to noncontrolling interest	27			29			(7	)	104			90			16
Less: net income attributable to noncontrolling interest	(4		)	1			NM		—			1			(100	)
Net income		$31			$28		11			$104			$89		17
Total revenue - FTE		$307			$293		5			$929			$858		8
Selected Average Balances
Total loans		$7,258			$7,852		(8	)%		$7,377			$7,916		(7	)%
Goodwill	381			361			6		372			360			3
Other intangible assets excluding MSRs	55			49			12		54			52			4
Total assets	8,370			8,941			(6	)	8,489			8,974			(5	)
Consumer and commercial deposits	12,315			11,228			10		12,177			11,020			10
Performance Ratios
Efficiency ratio	76.24		%	79.04		%			76.37		%	78.21		%
Impact of excluding amortization of intangible assets	(2.07		)	(2.25		)			(2.08		)	(2.30		)
Tangible efficiency ratio	74.17		%	76.79		%			74.29		%	75.91		%
Other Information (End of Period)
Assets under administration 3
Managed (discretionary) assets		$96,697			$107,927		(10	)%
Non-managed assets	47,272			44,735			6
Total assets under administration	143,969			152,662			(6	)
Brokerage assets	34,159			33,893			1
Corporate trust assets	9,622			9,118			6
Total assets under advisement		$187,750			$195,673		(4	)

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 shareholder’s equity is not allocated to the lines of business at this time.

²  Provision for credit losses represents net charge-offs for the lines of business.

³  September 30, 2010 assets under advisement and assets under administration includes $4 billion in money market fund assets that were previously managed by RidgeWorth.  SunTrust completed the sale of its money market fund business to Federated Investors, Inc. in the fourth quarter of 2010.

⁴ “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

29

SunTrust Banks, Inc. and Subsidiaries CORPORATE OTHER AND TREASURY (Dollars in millions) (Unaudited)
	Three Months Ended September 30								Nine Months Ended September 30
	2011			2010			% Change 3		2011			2010			% Change 3
Statements of Income
Net interest income		$78			$110		(29	)%		$286			$302		(5	)%
FTE adjustment	3			2			50		5			8			(38	)
Net interest income - FTE	81			112			(28	)	291			310			(6	)
Provision for credit losses 1	(145		)	(73		)	(99	)	(382		)	(96		)	NM
Net interest income - FTE - after provision for credit losses	226			185			22		673			406			66
Noninterest income before securities gains	97			(47		)	NM		133			52			NM
Securities gains, net	2			69			(97	)	99			130			(24	)
Total noninterest income	99			22			NM		232			182			27
Noninterest expense before amortization of intangible assets	(9		)	(1		)	NM		(34		)	17			NM
Amortization of intangible assets	—			—			—		1			—			—
Total noninterest expense	(9		)	(1		)	NM		(33		)	17			NM
Income - FTE - before provision for income taxes	334			208			61		938			571			64
Provision for income taxes	115			69			67		344			187			84
FTE adjustment	3			2			50		5			8			(38	)
Net income including income attributable to noncontrolling interest	216			137			58		589			376			57
Less: net income attributable to noncontrolling interest	3			3			—		7			7			—
Net income		$213			$134		59			$582			$369		58
Total revenue - FTE		$180			$134		34			$523			$492		6
Selected Average Balances
Total loans		$142			$182		(22	)%		$186			$208		(11	)%
Securities available for sale	24,109			26,336			(8	)	24,157			25,787			(6	)
Goodwill	(1		)	(1		)	—		(1		)	(1		)	—
Other intangible assets excluding MSRs	3			3			—		3			4			(25	)
Total assets	32,937			33,469			(2	)	32,970			33,305			(1	)
Consumer and commercial deposits	905			743			22		931			717			30
Other Information
Duration of investment portfolio	2.2		%	3.0		%
Accounting net interest income interest rate sensitivity 2:
% Change in net interest income under:
Instantaneous 100 bp increase in rates over next            12 months	0.1		%	0.9		%
Instantaneous 100 bp decrease in rates over next            12 months	(1.3		)%	0.4		%
Economic net interest income interest rate sensitivity 2:
% Change in net interest income under:
Instantaneous 100 bp increase in rates over next            12 months	(0.2		)%	0.6		%
Instantaneous 100 bp decrease in rates over next            12 months	(1.2		)%	0.5		%

¹  Provision for credit losses is the difference between net charge-offs recorded by the lines of business and consolidated provision for credit losses.

²  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 certain long term debt and 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 net interest income.

³  “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

30

SunTrust Banks, Inc. and Subsidiaries

CONSOLIDATED - SEGMENT TOTALS

(Dollars in millions)    (Unaudited)

	Three Months Ended September 30								Nine Months Ended September 30
	2011			2010			% Change 1		2011			2010			% Change 1
Statements of Income
Net interest income		$1,263			$1,238		2	%		$3,771			$3,587		5	%
FTE adjustment	30			28			7		84			89			(6	)
Net interest income - FTE	1,293			1,266			2		3,855			3,676			5
Provision for credit losses	347			615			(44	)	1,186			2,138			(45	)
Net interest income - FTE - after provision for credit losses	946			651			45		2,669			1,538			74
Noninterest income before securities gains	901			978			(8	)	2,600			2,569			1
Securities gains, net	2			69			(97	)	98			128			(23	)
Total noninterest income	903			1,047			(14	)	2,698			2,697			—
Noninterest expense before amortization of intangible assets	1,549			1,486			4		4,533			4,323			5
Amortization of intangible assets	11			13			(15	)	34			39			(13	)
Total noninterest expense	1,560			1,499			4		4,567			4,362			5
Income/(loss) - FTE - before provision/(benefit) for income taxes	289			199			45		800			(127		)	NM
Provision/(benefit) for income taxes	45			14			NM		136			(230		)	NM
FTE adjustment	30			28			7		84			89			(6	)
Net income including income attributable to noncontrolling interest	214			157			36		580			14			NM
Less: net income attributable to noncontrolling interest	(1		)	4			NM		7			9			(22	)
Net income		$215			$153		41			$573			$5		NM
Total revenue - FTE		$2,196			$2,313		(5	)		$6,553			$6,373		3
Selected Average Balances
Total loans		$115,638			$113,322		2	%		$115,242			$113,587		1	%
Goodwill	6,343			6,323			—		6,334			6,322			—
Other intangible assets excluding MSRs	111			139			(20	)	118			153			(23	)
Total assets	172,076			171,999			—		171,886			171,569			—
Consumer and commercial deposits	122,974			117,233			5		121,863			116,267			5
Performance Ratios
Efficiency ratio	71.05		%	64.80		%			69.69		%	68.45		%
Impact of excluding amortization of intangible assets	(0.50		)	(0.56		)			(0.51		)	(0.62		)
Tangible efficiency ratio	70.55		%	64.24		%			69.18		%	67.83		%

¹  “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

31

EX-99.2

SunTrust Banks, Inc.   3Q 2011 Earnings Presentation      October 21, 2011     

1   Important Cautionary Statement   The following should be read in conjunction with the financial statements, notes and other information contained in the Company’s 2010 Annual Report on Form 10-K, Quarterly Reports on Form   10-Q, and Current Reports on Form 8-K.      This presentation includes non-GAAP financial measures to describe SunTrust’s performance. The reconciliations of those measures to GAAP measures are provided within or in the appendix of   this presentation. In this presentation, net interest income and net interest margin are presented on a fully taxable-equivalent (“FTE”) basis, and ratios are presented on an annualized basis. The   FTE basis adjusts for the tax-favored status of income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income   and provides relevant comparison between taxable and non-taxable amounts.      This presentation contains forward-looking statements. Statements regarding our expectations about revenue increases and expense reductions as a result of business initiatives are forward   looking statements. Also, any statement that does not describe historical or current facts, is a forward-looking statement. These statements often include the words “believes,” “expects,”   “anticipates,” “estimates,” “intends,” “plans,” “goals,” “targets,” “initiatives,” “potentially,” “probably,” “projects,” “outlook” or similar expressions or future conditional verbs such as “may,” “will,”   “should,” “would,” and “could.” Forward-looking statements are based upon the current beliefs and expectations of management and on information currently available to management. Our   statements speak as of the date hereof, and we do not assume any obligation to update these statements or to update the reasons why actual results could differ from those contained in such   statements in light of new information or future events.      Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from   those set forth in the forward-looking statements. Factors that could cause actual results to differ materially from those described in the forward-looking statements can be found in Part I, "Item 1A.   Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2010, and in Part II, "Item 1A. Risk Factors" in our Quarterly Report on Form 10-Q for the periods ended March   31, 2011, and June 30, 2011, and in other periodic reports that we file with the SEC. Those factors include: difficult market conditions have adversely affected our industry; concerns over market   volatility continue; the Dodd-Frank Act makes fundamental changes in the regulation of the financial services industry, some of which may adversely affect our business; we are subject to capital   adequacy and liquidity guidelines and, if we fail to meet these guidelines, our financial condition would be adversely affected; emergency measures designed to stabilize the U.S. banking system   are beginning to wind down; we are subject to credit risk; our ALLL may not be adequate to cover our eventual losses; we will realize future losses if the proceeds we receive upon liquidation of   nonperforming assets are less than the carrying value of such assets; weakness in the economy and in the real estate market, including specific weakness within our geographic footprint, has   adversely affected us and may continue to adversely affect us; weakness in the real estate market, including the secondary residential mortgage loan markets, has adversely affected us and may   continue to adversely affect us; we are subject to certain risks related to originating and selling mortgages. We may be required to repurchase mortgage loans or indemnify mortgage loan   purchasers as a result of breaches of representations and warranties, borrower fraud, or certain borrower defaults, which could harm our liquidity, results of operations, and financial condition; we   are subject to risks related to delays in the foreclosure process; we may continue to suffer increased losses in our loan portfolio despite enhancement of our underwriting policies; as a financial   services company, adverse changes in general business or economic conditions could have a material adverse effect on our financial condition and results of operations; changes in market interest   rates or capital markets could adversely affect our revenue and expense, the value of assets and obligations, and the availability and cost of capital or liquidity; the fiscal and monetary policies of   the federal government and its agencies could have a material adverse effect on our earnings; depressed market values for our stock may require us to write down goodwill; clients could pursue   alternatives to bank deposits, causing us to lose a relatively inexpensive source of funding; consumers may decide not to use banks to complete their financial transactions, which could affect net   income; we have businesses other than banking which subject us to a variety of risks; hurricanes and other natural or man-made disasters may adversely affect loan portfolios and operations and   increase the cost of doing business; negative public opinion could damage our reputation and adversely impact business and revenues; the soundness of other financial institutions could adversely   affect us; we rely on other companies to provide key components of our business infrastructure; we rely on our systems, employees, and certain counterparties, and certain failures could materially   adversely affect our operations; we depend on the accuracy and completeness of information about clients and counterparties; regulation by federal and state agencies could adversely affect the   business, revenue, and profit margins; competition in the financial services industry is intense and could result in losing business or margin declines; maintaining or increasing market share   depends on market acceptance and regulatory approval of new products and services; we may not pay dividends on your common stock; disruptions in our ability to access global capital markets   may negatively affect our capital resources and liquidity; any reduction in our credit rating could increase the cost of our funding from the capital markets; we have in the past and may in the future   pursue acquisitions, which could affect costs and from which we may not be able to realize anticipated benefits; we are subject to certain litigation, and our expenses related to this litigation may   adversely affect our results; we depend on the expertise of key personnel, and if these individuals leave or change their roles without effective replacements, then our operations may suffer; we   may not be able to hire or retain additional qualified personnel and recruiting and compensation costs may increase as a result of turnover, both of which may increase costs and reduce profitability   and may adversely impact our ability to implement our business strategies; our accounting policies and processes are critical to how we report our financial condition and results of operations, and   they require management to make estimates about matters that are uncertain; changes in our accounting policies or in accounting standards could materially affect how we report our financial   results and condition; our stock price can be volatile; our disclosure controls and procedures may not prevent or detect all errors or acts of fraud; our financial instruments carried at fair value   expose us to certain market risks; our revenues derived from our investment securities may be volatile and subject to a variety of risks; and we may enter into transactions with off-balance sheet   affiliates or our subsidiaries.     

2   Table of Contents   I. OVERVIEW   II. FINANCIAL PERFORMANCE   III. RISK AND CAPITAL REVIEW   IV. STRATEGIC PRIORITIES   V. APPENDIX     

3   Earnings   Balance Sheet   Revenue   Expenses   Credit and   Capital   • Earnings per share of $0.39; increasing profitability trend continued   • Loans grew compared to prior quarter and prior year; targeted growth portfolios   increased, while higher-risk categories again declined   • Favorable lower-cost deposit trends continued. Average DDA up 7% from 2Q 11   • Net interest income up from prior quarter and prior year   • Fee income relatively stable to 2Q 11; higher mortgage revenue and debt valuation   gains offset by lower capital markets fees and securities gains   • Expenses increased modestly from 2Q 11 due to mortgage-related costs   • Implementation of $300MM expense program underway   • All primary credit metrics improved   • Tier 1 common ratio expanded to 9.25% (estimated)   • Tangible book value per share of $25.60, up 4% from 2Q 11         3Q 11 Summary   I. OVERVIEW     

4   3Q 10 2Q 11 3Q 11   YTD   2010   YTD   2011   Net Interest Income (FTE) $1,266 $1,286 $1,293 $3,676 $3,855   Provision for Credit Losses 615 392 347 2,138 1,186   Noninterest Income 1,047 912 903 2,697 2,698   Total Revenue (FTE) 2,313 2,198 2,196 6,373 6,553   Noninterest Expense 1,499 1,542 1,560 4,362 4,567   Net Income 153 178 215 5 573   Preferred Dividends & Other 69 4 4 206 149   Net Income / (Loss) to   Common Shareholders 84 174 211 (201) 424      Net Income / (Loss) per Share       $0.17       $0.33       $0.39       $(0.41)       $0.81   ($ in millions, except per share data)   Income Statement Highlights   II. FINANCIAL PERFORMANCE   Financial Highlights Key Points   Prior Quarter Variance   • EPS increase of $0.06    Primarily from continued credit quality   improvement   Prior Year Variance   • EPS increase of $0.22    Net interest income growth, primarily   from improved deposit mix and pricing    Improved credit quality / lower provision    Elimination of TARP preferred dividends    Partially offset by lower fee income,   primarily from strong 3Q 10 mortgage   revenue   YTD Variance   • EPS increase of $1.22    5% net interest income growth    Lower provision    Elimination of TARP preferred dividends    Partially offset by higher compensation   and mortgage-related costs   3Q 11 EPS of $0.39; Improvement Continued     

5   II. FINANCIAL PERFORMANCE   Net Interest Income   Net Interest Income, FTE Key Points   Net Interest Income Increased from 2Q 11, while Net Interest Margin Declined Modestly   Prior Quarter Variance   • Net Interest Income increased $7 million    Interest expense declined from lower deposit rates, DDA   growth, and reduced long-term debt costs    Interest income declined modestly due to lower loan and   securities yields, partially offset by higher loan balances   • Net Interest Margin declined, as expected, primarily due to   day count and lower asset yields   Prior Year Variance   • Net Interest Income was up $27 million, or 2%, driven by an   8 bps expansion in the Net Interest Margin    Lower-cost deposit growth, lower deposit rates paid, and   a reduction in higher-cost debt drove a 29 bps decline in   interest-bearing liabilities    Interest earning asset yields fell 17 bps, as loan yields   declined, while the securities portfolio repositioning   helped mitigate the impacts of the continued low rate   environment   YTD Variance   • Net Interest Income increased $179 million, or 5%, primarily   from the favorable deposit mix shift and lower rates paid on   deposits and longer-term debt   ($ in millions)   Net Interest Margin Net Interest Income   $1,294   $1,277   $1,286 $1,293   $1,266   3.41%   3.44%   3.53% 3.53%   3.49%   1,000   3Q 10 4Q 10 1Q 11 2Q 11 3Q 11   3.0%   3.2%   3.4%   3.6%    

6   II. FINANCIAL PERFORMANCE   Noninterest Income   Noninterest Income Key Points   Noninterest Income Relatively Stable to 2Q 11   1. Please refer to the appendix for adjustment detail   Prior Quarter Variance   • Noninterest Income declined $9 million, or 1%, as lower   securities gains and capital markets revenue offset higher   mortgage production and debt valuation gains   • Adjusted Noninterest Income declined $21 million    Investment Banking declined from strong 2Q 11    Mortgage Production increased due to higher volumes   and margins      Prior Year Variance   • Adjusted Noninterest Income declined $207 million, due to   lower mortgage-related revenue    Higher levels of refinance volume and MSR hedge   performance contributed to strong 3Q 10      YTD Variance   • YTD 2011 Noninterest Income was stable with 2010    Investment Banking, Card Fees, and Retail Investment   Services all grew by double digit percentages    Mortgage-related revenue declined, as did Service   Charges on Deposits   ($ in millions)   $1,047   $924   $823 $861 $840   $108   $60   $51 $63   3Q 10 4Q 10 1Q 11 2Q 11 3Q 11   Adjusted Noninterest Income Adjustment Items¹   $883   $1,047   $1,032   $912 $903     

7   ($ in millions) 3Q 10 4Q 10 1Q 11 2Q 11 3Q 11   2005 & Prior $26 $20 $24 $21 $19   2006 71 69 78 79 84   2007 134 108 157 183 245   2008 27 25 44 43 80   2009 - 2011 5 11 9 22 13   Total $263 $233 $313 $348 $440   % Non-Agency   (approx.) 6% 7% 9% 5% 1%   Repurchase demands increased in 3Q 11, primarily   from the high level of 2007 vintage demands   Summary Statistics   Resolution timing impacted charge-off levels in   2Q and 3Q 11   ($ in millions) 3Q 10 4Q 10 1Q 11 2Q 11 3Q 11   Period-end   Balance   $320 $293 $363 $472 $490   % Non-Agency   (approx.)    7% 10% 10% 9% 6%   Metric (2005 – 2011 vintages)1 Amount ($B)   Sold UPB $215   Remaining UPB 103   Cumulative Repurchase Requests 4.4   Requests Resolved 3.9   Losses Recognized to Date 1.0   3Q 2011 Reserve 0.3   Income Statement Impact to Date $1.3   Memo: Non-Agency UPB2 15     1. Includes estimates   2. Amount is an estimate and is included in the $103 billion of remaining UPB   Pending demands increased modestly due to the   increase in new demands   II. FINANCIAL PERFORMANCE   Mortgage Repurchase Trends   ($ in millions) 3Q 10 4Q 10 1Q 11 2Q 11 3Q 11   Beginning Balance $256 $270      $265      $270      $299   Additions 95 85 80 90 117   Charge-Offs (81) (90) (75) (61) (134)   Ending Balance $270 $265 $270 $299 $282     

8   $1,487 $1,533 $1,466   $1,543 $1,561   $12   $15   ($1) ($1) ($1)   3Q 10 4Q 10 1Q 11 2Q 11 3Q 11   Adjusted Noninterest Expense¹ Adjustment Items¹   Noninterest Expense   Noninterest Expense    ($ in millions)   Key Points   II. FINANCIAL PERFORMANCE   Moderate Increase from 2Q 11 Due to Mortgage-related Expenses   1. Please refer to the appendix for adjustment detail   Prior Quarter Variance   • $18 million increase in Total Noninterest Expense    Operating Losses and Credit & Collections   expenses increased $19 million   Prior Year Variance   • Adjusted Noninterest Expense increased by $74   million    Operating Losses rose $45 million, while Other   Real Estate declined $15 million    Employee Compensation was up $41 million,   due to staff additions and higher revenue in   certain businesses    FDIC premium increased $13 million   YTD Variance   • Total Noninterest Expense increased $205 million,   due to similar factors that drove the prior year   variance   $1,465   $1,548   $1,499 $1,542 $1,560     

9   II. FINANCIAL PERFORMANCE   Loans   Average Performing Loans¹ Key Points   Prior Quarter Variance   • Performing loans grew $1.1 billion; targeted Commercial   and Consumer categories increased, offsetting further   declines in Residential   • Commercial growth driven by $1.1 billion, or 2.4%,   increase in C&I. CRE and Commercial Construction   declined a combined $0.4 billion   • Residential segment declined $0.2 billion, or 0.5%, due   to continued reductions in Home Equity   • Consumer loans increased $0.7 billion, or 4.1%. Growth   came from all categories; largest drivers were Student   and Indirect   Prior Year Variance   • $3.4 billion, or 3.1%, growth in performing loans   • Commercial increased ~$0.5 billion. C&I grew ~$2.8   billion, or 6.5%, while CRE and Commercial   Construction declined over $2 billion   • Residential segment declined ~$1billion, due to lower   Nonguaranteed Mortgage and Home Equity balances,   while Guaranteed loans increased   • Consumer segment increased ~$3.5 billion, or over   30%. Indirect and Student were primary contributors;   Credit Card and Direct also grew   Average Balances Up Over $1B, or 1%, from 2Q 11   1. 2010 quarterly averages for the Commercial, Residential, and Consumer segments are calculated using month end balances, and therefore, do not sum to the total performing loan   balances, which are calculated using daily average balances   NOTE: Totals may not foot due to rounding   $52.0 $51.7 $51.4 $51.8 $52.5   $43.7 $44.2 $43.7 $43.0 $42.8   $13.3 $15.0 $16.1 $16.3 $17.0   3Q 10 4Q 10 1Q 11 2Q 11 3Q 11   Commercial Residential Consumer   $111.1 $111.1   $108.8   $110.7 $112.2   ($ in billions)     

10   II. FINANCIAL PERFORMANCE   Higher-risk Loans1   Higher-risk Loans (period-end) Key Points   • Higher-risk categories down $12.7 billion, or almost   55%, since 4Q 08   • Over the same time, government-guaranteed loans   grew over $7 billion to $9.8 billion      Prior Quarter Variance   • $0.7 billion, or 6%, decline in higher-risk loans   • Declines occurred in all of the major categories, as   well as the sub-categories (listed in footnote)   • Commercial Construction and Higher-risk Home   Equity posted the largest decreases of $0.3 billion   and $0.2 billion, respectively      Prior Year Variance   • $3.4 billion, or 24%, decline in higher-risk loans   • Commercial Construction down $1.7 billion, or 54%   • Higher-risk Mortgages down $0.9 billion, or 19%,   primarily from Prime 2nds and Residential   Construction   • Higher-risk Home Equity down $0.9 billion, or 13%,   primarily from High LTV Lines and HE Loans   Continued Declines in Higher-risk Categories   1. Higher-risk Mortgage products include Prime 2nds, Residential Construction, and Alt-A. Higher-risk Home Equity includes High LTV lines (includes Florida lines > 80% LTV and other   lines > 90% LTV), Brokered Home Equity, and Home Equity Loans. Data includes performing and nonperforming loans   NOTE: Totals may not foot due to rounding   ($ in billions)    $6.9    $3.1 $2.6 $2.1 $1.7 $1.4    $8.1    $4.7    $4.4    $4.1    $3.9    $3.8    $8.3    $6.4    $6.1    $5.9    $5.7    $5.5   4Q 08 3Q 10 4Q 10 1Q 11 2Q 11 3Q 11   Higher-risk Home Equity Products   Higher-risk Mortgage Products   Commercial Construction   $14.1   $13.1   $23.4   $12.1   $11.4   $10.7     

11   II. FINANCIAL PERFORMANCE   Deposits   Average Client Deposits   Favorable Deposit Growth and Mix Shift Trends Continued   Prior Quarter Variance   • Client Deposits grew $1.1 billion, or 0.9%, to   another record level of $123.0 billion   • Continued favorable shift in deposit mix    DDA up $2.1 billion, or 7.0%    NOW and Time Deposits declined $0.7 billion   and $0.6 billion, respectively, or ~3% each      Prior Year Variance   • Client Deposits grew $5.7 billion, or 4.9%   • Growth came from lower-cost accounts, including:    DDA up $5.4 billion, or over 20%    MMA up $3.3 billion, or 8.2%   • Higher-cost Time Deposits declined $4.0 billion, or   17.0%   ($ in billions)   NOTE: Totals may not foot due to rounding   $26.5 $27.8 $28.3 $29.8 $31.9   $23.5 $24.6 $25.4   $24.7 $24.0   $39.8   $41.7 $42.6 $42.9   $43.1   $4.1   $4.1 $4.3   $4.6 $4.6   $23.3   $21.4 $20.2   $19.9 $19.3   3Q 10 4Q 10 1Q 11 2Q 11 3Q 11   DDA NOW Money Market Savings Time   $119.7 $117.2   $120.7 $121.9   $123.0   Key Points     

12   $492$505   $571   $621   $690   2.42%   2.14%   2.01%   1.76%   1.69%   200   700   3Q 10 4Q 10 1Q 11 2Q 11 3Q 11   1.4%   1.8%   2.2%   2.6%   3.0%   3.4%   $3,086   $2,974   $2,854   $2,744   $2,600   2.69%   2.58%   2.49%   2.40%   2.22%   1,000   1,500   2,000   2,500   3,000   3,500   3Q 10 4Q 10 1Q 1 2Q 11 3Q 11   1.5%   2.0%   2.5%   3.0%   3.5%   4.0%   $4,373   $4,110 $3,971   $3,610   $3,239   $696   $648   $597    494    524   3Q 10 4Q 10 1Q 11 2Q 11 3Q 11   Nonperforming Loans Other Assets   Credit Quality Improvement   III. RISK AND CAPITAL REVIEW   30 - 89 Day Delinquencies   Net Charge-offs     Allowance for Loan and Lease Losses   ALLL Ratio ALLL ($)   All Key Metrics Improved      ($   i   n   m   il   li   o   n   s   )    NCOs to Avg. Loans (annualized) Net Charge-offs      ($   i   n   m   il   li   o   n   s   )      Nonperforming Assets      ($   i   n   m   il   li   o   n   s   )      $5,069   $4,758   $4,568   $4,104   $3,763   1.24% 1.18% 1.15% 1.09% 1.04%   0.96% 0.90%   0.80%   0.73% 0.70%   3Q 10 4Q 10 1Q 11 2Q 11 3Q 11   Total Delinq. Delinq. Excl. Gov't Guar.    

13   $231 $203 $156 $179 $185   $428   $383   $380 $297 $279   $31   $35   $35   $29 $28   3Q 10 4Q 10 1Q 11 2Q 11 3Q 11   Commercial Residential Consumer   Key Points   Net Charge-offs      ($   i   n   m   il   li   o   n   s   )      Nonperforming Loans      ($   i   n   m   il   li   o   n   s   )    Prior Quarter Variance   • NPLs declined $371 million, or 10%, driven by the   Commercial segment    Commercial Construction fell $242 million, or almost   40%; C&I and CRE both declined by over 10%    Residential NPLs were stable   • Net Charge-offs declined $13 million, or 3%    Residential decline of $18 million driven by Home   Equity (23 bps decline) and Residential   Construction (225 bps)    Commercial segment relatively stable as declines in   C&I and CRE were offset by higher Commercial   Construction      Prior Year Variance   • NPLs declined $1.1 billion, or 26%, driven by   Commercial Construction, Non-guaranteed Mortgages,   and C&I   • Net Charge-offs declined by ~$200 million, or 29%, with   the largest declines in Non-guaranteed Mortgages,   Residential Construction, Home Equity, and C&I   Nonperforming Loans Declined 10% from 2Q 11   III. RISK AND CAPITAL REVIEW   $690   $571   $621   $505   Nonperforming Loans and Net Charge-offs   $2,058 $1,887 $1,863 $1,563 $1,205   $2,273   $2,188 $2,076   $2,013   $2,007   $42   $35 $32   $34   $27   3Q 10 4Q 10 1Q 11 2Q 11 3Q 11   Commercial Residential Consumer   $3,971   $4,373   $4,110   $3,610   $3,239   $492     

14   Tier 1 Common Ratio Tier 1 Capital Ratio (Excluding TARP)2   Tangible Common Equity Ratio3   1. Estimated   2. The Tier 1 Capital Ratio including TARP was 13.58% in 3Q 10 and 13.67% in 4Q 10   3. Please refer to the Appendix for a reconcilement to the most directly comparable GAAP financial measure   Capital Position Significantly Exceeds Current and Proposed Regulatory Standards;   Tangible Book Value Further Expanded   Tangible Book Value Per Share3   III. RISK AND CAPITAL REVIEW   Capital Position    $24.42    $23.76 $23.79    $24.57    $25.60   3Q 10 4Q 10 1Q 11 2Q 11 3Q 11   9.93% 10.02%   11.00%   11.11% 11.05%   3Q 10 4Q 10 1Q 11 2Q 11 3Q 11¹   8.02% 8.08%   9.05%   9.22% 9.25%   3Q 10 4Q 10 1Q 11 2Q 11 3Q 11¹   7.26%   7.15%   7.77%   7.96%   8.28%   3Q 10 4Q 10 1Q 11 2Q 11 3Q 11    

15   IV. STRATEGIC PRIORITIES   Progress on Strategic Growth Initiatives   Grow Consumer Market and   Wallet Share   Diversify the Loan Portfolio2 Optimize the Business Mix   • Growth in deposit market   share1   Up in 8 of 10 largest MSAs   • Roll-out of new checking   product suite continued   Results to date are in-line   with expectations   Opening fewer accounts,   but significantly higher   balances   • Corporate & Investment   Banking YTD revenue and net   income up 16% and 23%,   respectively   • Diversified Commercial Banking   YTD revenue and net income   up 9% and 34%, respectively   • Retail investment services   income up 19% YTD   • C&I and Consumer loan   balances up a combined $6.9   billion from 3Q 10    8% C&I balance growth   23% Consumer balance   growth   • Residential loans, excluding   government-guaranteed, down   $1.9 billion   Home Equity down $0.9   billion, or 6%   1. Source: SNL Financial, using FDIC June 30, 2011 market share data   2. Data reflects changes in period-end loan balances from 3Q 10 to 3Q 11     

16   $300 Million Expected to be Eliminated from Current Cost Base by Year End 2013;   Many Key Initiatives Underway   Expected Savings   Key Components   Major Initiatives   Operations Staff   and Support   1. Reflects annualized savings expected to be eliminated from the run rate by year end 2013   IV. STRATEGIC PRIORITIES   PPG Expense Program   Consumer Bank   Efficiencies   Strategic Supply   Management   Discretionary   Outsourcing   Demand Management   Channel Optimization   Alternative Channel Management   Sales & Service Productivity   Consolidations & Shared Services   Digital Technology   Lean Process Design &   Management      Current      12/2013      12/2012      80%   out of   run rate   100%   out of   run rate      $300MM1      0%   out of   run rate     

17   Earnings   Balance Sheet   Revenue   Expenses   Credit and   Capital   • Earnings per share of $0.39; increasing profitability trend continued   3Q 11 Summary   • All primary credit metrics improved   • Tier 1 common ratio expanded to 9.25% (estimated)   • Tangible book value per share of $25.60, up 4% from 2Q 11         • Loans grew compared to prior quarter and prior year; targeted growth portfolios   increased, while higher-risk categories again declined   • Favorable lower-cost deposit trends continued. Average DDA up 7% from 2Q 11   • Net interest income up from prior quarter and prior year   • Fee income relatively stable to 2Q 11; higher mortgage revenue and debt valuation   gains offset by lower capital markets fees and securities gains   • Expenses increased modestly from 2Q 11 due to mortgage-related costs   • Implementation of $300MM expense program underway     

18         Appendix        

19   U.S. Treasury      U.S. Agency      MBS – Agency      U.S. States and Subdivisions      MBS – Private      Corporate & Other      Asset – Backed Securities      Other Equity      Total AFS    Securities Available for Sale    ($ in billions, period-end balances)   Securities Portfolio   NOTE: Columns may not foot due to rounding   V. APPENDIX    2Q 2011 3Q 2011 $ Change   $0.4      2.7      20.0      0.5      0.3      0.4      0.5      2.7      $27.5    ($0.3)       0.1       0.7       -       -       -       (0.1)       (0.1)       $0.3   $0.7      2.6      19.3      0.5      0.3      0.4      0.6      2.8      $27.2     

20   V. APPENDIX   30 – 89 Day Delinquencies by Loan Class –   Excl. Govt. Guaranteed Loans Memo:      ($ in billions) 3Q 10 4Q 10 1Q 11 2Q 11 3Q 11   3Q 11 Loan   Balance   30-89 Day Delinquencies   Commercial Loans   Commercial & industrial 0.28 % 0.25 % 0.22 % 0.20 % 0.15 % $ 47,985   Commercial real estate 0.88 0.43 0.33 0.26 0.17 5,330   Commercial construction 0.67 0.42 0.47 0.63 0.11 1,390   Total commercial loans 0.38 0.28 0.24 0.22 0.15 54,705   Residential Loans   Residential mortgages - guaranteed - - - - - 4,449   Residential mortgages - nonguaranteed 1.88 1.90 1.63 1.45 1.46 23,517   Home equity products 1.52 1.40 1.46 1.44 1.39 15,980   Residential construction 2.61 3.28 2.94 2.28 2.06 1,046   Total residential loans1 1.76 1.74 1.60 1.47 1.45 44,992   Consumer Loans   Guaranteed student loans - - - - - 5,333   Other direct 1.87 0.92 1.12 0.82 0.76 1,945   Indirect 0.79 0.78 0.68 0.58 0.60 10,003   Credit cards 2.76 2.40 2.04 1.86 1.59 497   Total consumer loans2 1.05 0.86 0.79 0.66 0.67 17,778   Total SunTrust - excluding government guaranteed   delinquencies 0.96 % 0.90 % 0.80 % 0.73 % 0.70 % $ 117,475   Total SunTrust - including government guaranteed   delinquencies3 1.24 % 1.18 % 1.15 % 1.09 % 1.04 %   1. Excludes delinquencies on all federally guaranteed mortgages   2. Excludes delinquencies on federally guaranteed student loans   3. Excludes mortgage loans guaranteed by GNMA that SunTrust has the option, but not the obligation, to repurchase     

21   V. APPENDIX   Nonperforming Loans by Loan Class   Memo:   ($ in millions) 3Q 10 4Q 10 1Q 11 2Q 11 3Q 11   3Q 11 Loan   Balance   Nonperforming Loans   Commercial Loans   Commercial & industrial $601 $584 $585 $537 $479 $47,985   Commercial real estate 346 342 435 399 341 5,330   Commercial construction 1,111 961 843 627 385 1,390   Total commercial loans 2,058 1,887 1,863 1,563 1,205 54,705   Residential Loans   Residential mortgages - guaranteed - - - - - 4,449   Residential mortgages - nonguaranteed 1,591 1,543 1,458 1,412 1,417 23,517   Home equity products 357 355 343 335 340 15,980   Residential construction 325 290 275 266 250 1,046   Total residential loans 2,273 2,188 2,076 2,013 2,007 44,992   Consumer Loans   Guaranteed student loans - - - - - 5,333   Other direct 14 10 11 9 7 1,945   Indirect 28 25 21 25 20 10,003   Credit cards - - - - - 497   Total consumer loans 42 35 32 34 27 17,778   Total $4,373 $4,110 $3,971 $3,610 $3,239 $117,475   NOTE: Columns may not foot due to rounding     

22   V. APPENDIX   Net Charge-off Ratios by Loan Class   Memo:   ($ in millions) 3Q 10 4Q 10 1Q 11 2Q 11 3Q 11   3Q 11 Loan   Balance   Net Charge-offs to Avg. Loans annualized1   Commercial Loans   Commercial & industrial 0.74 % 0.94 % 0.44 % 0.66 % 0.47 % $47,985   Commercial real estate 2.33 1.79 1.42 2.72 1.69 5,330   Commercial construction 13.06 9.62 14.76 13.09 27.04 1,390   Total commercial loans 1.70 1.50 1.19 1.34 1.37 54,705   Residential Loans   Residential mortgages - guaranteed - - - - - 4,449   Residential mortgages - nonguaranteed 3.30 3.09 3.19 2.16 2.12 23,517   Home equity products 3.69 3.71 3.96 3.49 3.26 15,980   Residential construction 18.09 11.61 10.46 10.52 8.27 1,046   Total residential loans 3.68 3.28 3.37 2.65 2.47 44,992   Consumer Loans   Guaranteed student loans - - - - - 5,333   Other direct 1.74 2.20 2.53 2.14 1.74 1,945   Indirect 0.55 0.65 0.56 0.44 0.50 10,003   Credit cards 10.34 9.52 8.68 7.78 5.81 497   Total consumer loans 0.91 % 0.93 % 0.89 % 0.71 % 0.66 % 17,778   Total 2.42 % 2.14 % 2.01 % 1.76 % 1.69 % $117,475   1. 2010 net charge-off ratios calculated using average of month-end loan balances   NOTE: Columns may not foot due to rounding        

23   V. APPENDIX   Net Charge-off by Loan Class   Memo:   ($ in millions) 3Q 10 4Q 10 1Q 11 2Q 11 3Q 11   3Q 11 Loan   Balance   Net Charge-off Trends   Commercial Loans   Commercial & industrial $82 105 $49 $75 $56 $47,985   Commercial real estate 39 29 21 40 23 5,330   Commercial construction 110 69 86 64 106 1,390   Total commercial loans 231 203 156 179 185 54,705   Residential Loans   Residential mortgages - guaranteed - - - - - 4,449   Residential mortgages - nonguaranteed 202 187 187 125 124 23,517   Home equity products 158 156 161 141 132 15,980   Residential construction 67 40 32 31 23 1,046   Total residential loans 428 383 380 297 279 44,992   Consumer Loans   Guaranteed student loans - - - - - 5,333   Other direct 7 9 11 10 8 1,945   Indirect 11 14 13 10 12 10,003   Credit cards 13 12 11 9 8 497   Total consumer loans 31 35 35 29 28 17,778   Total $690 $621 $571 $505 $492 $117,475   NOTE: Columns may not foot due to rounding     

24    $2,516 $2,613 $2,643 $2,719 $2,824    $988 $1,005 $976 $923    $883   3Q 10 4Q 10 1Q 11 2Q 11 3Q 11   Accruing Nonaccruing   Troubled Debt Restructuring (TDR) Composition   Mortgage and Consumer Loans are 92% of Accruing TDRs; 86% are Current on   Principal and Interest Payments   TDR Trend   Early Stage Accruing TDR Delinquencies   Key Points      ($   i   n   m   il   li   o   n   s   )         ($   i   n   m   il   li   o   n   s   )      Prior Quarter Variance   • Total TDRs increased modestly to $3.7 billion   • Accruing and current balances increased, while   nonaccruing balances declined for the third   consecutive quarter      Prior Year Variance   • Total TDRs increased by $203 million due to   increased modifications, primarily in Residential   loans    Current balances increased by $276 million,   while nonaccruing declined by $105 million   • The percentage of TDRs that are accruing   increased to 76% in 3Q 11 from 72% in 3Q 10            $3,504 $3,618 $3,619   V. APPENDIX   $3,642 $3,707    $2,165 $2,245 $2,286 $2,349    $2,441    $198 $176 $193    $207 $212    $93    $108 $92 $104    $109   3Q 10 4Q 10 1Q 11 2Q 11 3Q 11   Current 30-59 DLQ 60-89 DLQ   NOTE: Columns may not foot due to rounding     

25   Noninterest Income Reconciliation   V. APPENDIX   ($ in millions) 3Q 10 4Q 10 1Q 11 2Q 11 3Q 11   Total Noninterest Income $1,047 $1,032 $883 $912 $903      Adjustment Items:   Securities Gains 69 64 64 32 2   Fair Market Value Adjustments (Trading Income) 17 30 14 (1) (17)   STI Debt Valuation (Trading Income) (22) 16 (20) 17 65   SunTrust Index-linked CDs (SILC) (Trading Income) (59) 5 (11) 8 13   Auction Rate Securities (Trading Income) 1 (11) 16 4 (4)   Fair Value Adjustments (Mortgage Production) (6) (9) (4) (9) 4   Stable River Gain (Other Income) 0 13 0 0 0      Total Adjustments 0 108 60 51 63      Adjusted Noninterest Income $1,047 $924 $823 $861 $840   NOTE: Columns may not foot due to rounding     

26   Noninterest Expense Reconciliation   V. APPENDIX   ($ in millions) 3Q 10 4Q 10 1Q 11 2Q 11 3Q 11   Total Noninterest Expense $1,499 $1,548 $1,465 $1,542 $1,560      Adjustment Items:   AHG Writedown (Other Exp.) 0 11 0 0 0   (Gain)/Loss on Debt Extinguishment 12 4 (1) (1) (1)      Total Adjustments 12 15 (1) (1) (1)      Adjusted Noninterest Expense $1,487 $1,533 $1,466 $1,543 $1,561     

27   Additional Noninterest Expense Disclosure:   Credit-related Expenses    V. APPENDIX   ($ in millions) 3Q 10 4Q 10 1Q 11 2Q 11 3Q 11   Operating Losses $27 $26 $27 $62 $72   Mortgage Reinsurance (Other Exp.) 7 2 7 6 6   Credit & Collections (Other Exp.) 69 71 51 60 70   Other Real Estate (Other Exp.) 77 90 69 64 62      Total Credit-related Expenses $181 $189 $155 $192 $211   NOTE: Columns may not foot due to rounding     

28   Reconciliation of Non GAAP Measures    V. APPENDIX   ($ in billions, except per share data)    Three Months Ended    September 30 December 31 March 31 June 30 September 30    2010 2010 2011 2011 2011      Total shareholders' equity $23.4 $23.1 $19.2 $19.7 $20.2   Goodwill, net of deferred taxes (6.2) (6.2) (6.2) (6.2) (6.2)   Other intangible assets including MSRs, net of deferred taxes (1.2) (1.6) (1.6) (1.5) (1.1)   MSRs 1.1 1.4 1.5 1.4 1.0   Tangible equity 17.1 16.8 12.9 13.4 13.9   Preferred stock (4.9) (4.9) (0.2) (0.2) (0.2)   Tangible common equity $12.2 $11.9 $12.8 $13.2 $13.7      Total assets $174.7 $172.9 $170.8 $172.2 $172.6   Goodwill (6.3) (6.3) (6.3) (6.3) (6.3)   Other intangible assets including MSRs (1.2) (1.6) (1.7) (1.5) (1.1)   MSRs 1.1 1.4 1.5 1.4 1.0   Tangible assets $168.3 $166.4 $164.4 $165.7 $166.1      Tangible equity to tangible assets 10.19 % 10.12 % 7.87 % 8.07 % 8.38 %   Tangible common equity to tangible assets 7.26 % 7.15 % 7.77 % 7.96 % 8.28 %   Tangible book value per common share $24.42 $23.76 $23.79 $24.57 $25.60   NOTE: Columns may not foot due to rounding