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): April 23, 2012

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 April 23, 2012, SunTrust Banks, Inc. (the “Registrant”) announced financial results for the period ended March 31, 2012. 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 April 23, 2012, 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 April 23, 2012 (furnished with the Commission as a part of this Form 8-K).
99.2	Presentation materials dated April 23, 2012 (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: April 23, 2012	By: /s/ Thomas E. Panther
	Thomas E. Panther, Senior Vice President, Director of Corporate Finance 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

April 23, 2012

SunTrust Reports First Quarter 2012 Results

Earns $0.46 Per Share on Improved Core Performance

ATLANTA -- SunTrust Banks, Inc. (NYSE: STI) today reported net income available to common shareholders of $245 million, or $0.46 per average common share, for the first quarter of 2012. Earnings per average common share increased by $0.33 from the fourth quarter of 2011 and by $0.38 from the first quarter of 2011.

“Our core performance this quarter drove a solid start to 2012 and marked a continuation of the improved momentum we built during 2011,” said William H. Rogers, Jr. chairman and chief executive officer of SunTrust Banks, Inc. “Improved revenue, as well as continued favorable trends in loans, deposits, and credit metrics were hallmarks for the quarter.”  Mr. Rogers also noted that the Company's expense savings program continues to progress.

First Quarter 2012 Financial Highlights

Income Statement

• Continued improvement in core business fundamentals helped drive net income available to common shareholders of $245 million.

• Revenue grew 8% and 3% compared to the prior quarter and the first quarter of 2011, respectively.

• Net interest income grew 1% and 5% compared to the fourth and first quarters of 2011, respectively. Higher loan balances and favorable trends in the deposit mix and pricing were the primary drivers.

• Lower rates on liabilities, partially offset by a decline in loan yields, resulted in a three basis point increase in the net interest margin over the prior quarter to 3.49%.

• Strong mortgage refinancing activity drove a 21% increase in noninterest income from the prior quarter; noninterest income was relatively stable compared to the first quarter of 2011.

• Noninterest expense declined 8% from the prior quarter, largely due to the $120 million fourth quarter 2011 accrual for the potential mortgage servicing settlement. Compared to the first quarter of 2011, expenses increased 5%, driven by higher employee compensation and benefits expenses and higher operating losses.

Balance Sheet

• Average loans increased 3% compared to the prior quarter. Commercial & industrial, guaranteed student and guaranteed mortgage loans were the primary drivers of the growth, while certain real estate-related loan portfolios continued to decline.

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

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Capital

• Estimated capital ratios continue to be well above current regulatory requirements, as well as the Basel III proposed guidance. The Tier 1 common ratio increased to 9.30%.

Asset Quality

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

◦ Net charge-offs declined 11% compared with the prior quarter; the annualized net charge-off ratio was 1.38%, lower by 19 basis points compared to the prior quarter.

◦ Nonperforming loans declined 9%, the eleventh consecutive quarterly decline.

◦ Early stage delinquencies declined 13 basis points sequentially as a result of improvements in the home equity, non-guaranteed mortgage, and consumer indirect portfolios.

• Provision for credit losses declined modestly. The allowance for loan losses was $2.3 billion, or 1.92% of total loans.

Income Statement (presented on a fully taxable-equivalent basis)	1Q 2011			4Q 2011			1Q 2012
(Dollars in millions, except per share data)
Net income		$180			$74			$250
Net income available to common shareholders	38			71			245
Earnings per average common diluted share	0.08			0.13			0.46
Total revenue	2,160			2,047			2,218
Total revenue, excluding net securities gains/losses	2,096			2,028			2,200
Net interest income	1,277			1,324			1,342
Provision for credit losses	447			327			317
Noninterest income	883			723			876
Noninterest expense	1,465			1,667			1,541
Net interest margin	3.53		%	3.46		%	3.49		%
Balance Sheet
(Dollars in billions)
Average loans		$115.2			$119.5			$122.5
Average consumer and commercial deposits	120.7			125.1			125.8
Capital
Tier 1 capital ratio(1)	11.00		%	10.90		%	10.95		%
Tier 1 common equity ratio(1)	9.05		%	9.22		%	9.30		%
Total average shareholders’ equity to total average assets	13.35		%	11.61		%	11.45		%
Asset Quality
Net charge-offs to average loans (annualized)	2.01		%	1.57		%	1.38		%
Allowance for loan losses to period end loans	2.49		%	2.01		%	1.92		%
Nonperforming loans to total loans	3.46		%	2.37		%	2.16		%

 (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 Details

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

Revenue

Total revenue was $2.2 billion for the first quarter of 2012, an increase of $171 million from the prior quarter and $58 million higher than the first quarter of 2011. Net gains from the sales of securities were $18 million for the first quarter of 2012 compared to $19 million for the fourth quarter of 2011 and $64 million for the first quarter of 2011. Excluding net securities gains, total revenue increased 8% and 5%, respectively, compared to the fourth and first quarters of 2011. The increase in revenue was predominantly due to higher mortgage-related revenue and higher net interest income.

Net Interest Income

For the first quarter of 2012, net interest income was $1,342 million compared to $1,324 million for the prior quarter and $1,277 million for the first quarter of 2011. The 1% and 5% increases over the fourth and first quarters of 2011, respectively, were driven by higher loan balances and lower interest expense, the latter of which was a result of the continued favorable shift in the deposit mix toward lower-cost accounts and lower wholesale funding costs.

Net interest margin for the first quarter of 2012 was 3.49%, an increase of three basis points from the fourth quarter of 2011 and a decline of four basis points from the first quarter of 2011. On a sequential quarter basis, the increase was driven by a nine basis point decline in interest-bearing liability costs due to lower rates paid on deposits and other funding sources. This was partially offset by a five basis point decline in earning asset yields, due to lower loan yields. Compared to the first quarter of 2011, the decline in the net interest margin was primarily due to 5% growth in earning assets, as the 30 basis point decline in earning asset yields due to lower loan yields was offset by a 30 basis point decline in interest-bearing liabilities driven by lower rates paid on deposits and other funding sources.

Noninterest Income

Total noninterest income was $876 million for the first quarter of 2012 compared to $723 million for the fourth quarter of 2011 and $883 million for the first quarter of 2011. The $153 million sequential quarter increase was driven by higher mortgage-related revenue, partially offset by lower revenue from investment banking, trading income, and service charges on deposits accounts. The decline of $7 million from the first quarter of 2011 was attributable to lower securities gains and card fees, largely offset by higher mortgage-related income.

Mortgage production income was $63 million for the first quarter of 2012, compared to losses of $62 million for the fourth quarter of 2011 and $1 million for the first quarter of 2011. The $125 million sequential quarter increase was predominantly driven by increased mortgage loan production volume, higher gain on sale margins, and a $40 million decrease in the mortgage repurchase provision. As of March 31, 2012, reserves for mortgage repurchases totaled $383 million, an increase of $63 million from the prior quarter. The reserve was increased due to the continued high level of repurchase demands received during the quarter and because the decline in mortgage repurchase losses could be largely related to timing. Compared to the first quarter of 2011, mortgage production income increased $64 million, primarily due to higher loan production and increased gain on sale margins, partially offset by an increase in the mortgage repurchase provision. Mortgage loan production increased 12% over the sequential quarter and 33% over the first quarter of 2011 as refinancing activity increased due to the HARP 2.0 program and the low mortgage interest rate environment.

Mortgage servicing income was $81 million for the first quarter of 2012 compared to $22 million for the prior quarter and $72 million for the first quarter of 2011. The $59 million sequential quarter increase was due to improved net hedge performance in the current quarter, as well as a $38 million reduction in the fair value of the MSR asset that was recognized during the fourth quarter of 2011 in anticipation of increased refinancing activity arising from the HARP 2.0 program. Improved net hedge performance was the primary driver of the current quarter increase over the first quarter of 2011. The mortgage servicing portfolio was $155 billion at the end of the first quarter of 2012.

Card fees were $61 million for the first quarter of 2012, essentially equal to the prior quarter and down $39 million from the first quarter of 2011. The decline from the prior year was the result of regulations on debit card interchange fees that became effective at the beginning of the fourth quarter of 2011.

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Investment banking income was $71 million for the first quarter of 2012 compared to $87 million for the prior quarter and $67 million for the first quarter of 2011. The sequential quarter decline was due to seasonally lower loan syndication fee income, partially offset by higher bond origination fees. The increase relative to the first quarter of 2011 was attributable to higher bond origination fees.

Trading income was $57 million for the first quarter of 2012 compared to $77 million for the prior quarter and $52 million for the first quarter of 2011. The $20 million sequential quarter decline was attributable to the improvement in the Company's credit spreads during the current quarter, which resulted in a $22 million market valuation loss on the Company's fair value debt and index-linked CDs, net of hedges, compared to market valuation gains of $17 million in the prior quarter. Partially offsetting the impact from market valuation losses was an increase in core trading activity and a decrease in valuation losses on illiquid securities in the current quarter. The $5 million increase in trading income compared to the first quarter of 2011 was primarily driven by higher core trading activity, which was partially offset by lower valuation gains on illiquid securities.

Other noninterest income was $57 million for the first quarter of 2012 compared to $39 million for the prior quarter and $47 million for the first quarter of 2011. The $18 million sequential quarter increase was largely driven by higher leasing gains in the current quarter and certain asset write-downs recorded in the fourth quarter of 2011. The $10 million increase compared to the first quarter of 2011 was also largely due to higher leasing gains.

Noninterest Expense

Noninterest expense was $1,541 million for the first quarter of 2012 compared to $1,667 million for the fourth quarter of 2011 and $1,465 million for the first quarter of 2011. The decrease of $126 million, or 8%, compared to the prior quarter was largely driven by the $120 million accrual for the potential mortgage servicing settlement recorded in the fourth quarter of 2011. Declines in most other expense categories were predominantly offset by increased employee compensation and benefits expense. Compared to the first quarter of 2011, expenses increased $76 million, or 5%, driven by higher employee compensation and benefits expenses and operating losses.

Employee compensation and benefits expense increased $173 million from the prior quarter. The fourth quarter of 2011 included a $60 million gain in connection with the Company's decision to curtail its defined benefit pension plans, net of a discretionary 401(k) contribution. Additionally, employee compensation and benefits expense was reduced in the fourth quarter of 2011 due to a year-end reduction in incentive compensation related to the Company's full year 2011 financial performance.  The balance of the sequential quarter increase was primarily attributable to seasonally higher 401(k) and payroll taxes in the current quarter. The $43 million, or 6%, increase in employee compensation and benefits expense from the first quarter of 2011 was due to higher incentive compensation associated with improved business performance and annual salary increases, partially offset by a 437 person reduction in full-time equivalent employees.

Operating losses declined by $36 million from the prior quarter and increased by $33 million from the first quarter of 2011. The changes in both periods were driven by litigation-related expenses, which tend to fluctuate based on specific legal matters, as well as operating losses associated with mortgage servicing, which decreased in the current period compared to the prior quarter but increased relative to the first quarter of 2011.

Other noninterest expense decreased $103 million from the prior quarter. Credit-related expenses, which is comprised of other real estate-related expenses and credit and collection costs, decreased $55 million due to seasonally higher tax and insurance payments on delinquent loans occurring in the fourth quarter of 2011, as well as lower losses recognized on OREO during the current quarter. Severance expense related to the Playbook for Profitable Growth (PPG) initiative was $10 million during the first quarter of 2012, a decline of $17 million compared to the prior quarter. As of the end of the current quarter, $190 million in annualized expenses had been eliminated from the Company's expense base through PPG, compared to the $300 million goal expected to be achieved by year end 2013. Compared to the first quarter of 2011, other expenses increased $12 million driven by higher consulting expense associated with complying with the mortgage servicing Consent Order, partially offset by a decline in other real estate expense.

Other drivers of the sequential quarter decline in noninterest expense included a $32 million reduction in marketing and customer development, due to seasonally lower advertising spending, and a $16 million decrease in FDIC premiums and regulatory assessments.

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Income Taxes

For the first quarter of 2012, the Company recorded an income tax provision of $69 million compared to an income tax benefit of $57 million for the fourth quarter of 2011 and a provision of $33 million for the first quarter of 2011. The effective tax rate was 22% for the first quarter of 2012 compared to 16% for the first quarter of 2011. The effective tax rate for each quarterly period was primarily the result of positive pre-tax earnings adjusted for net favorable permanent tax items, such as interest income from lending to tax-exempt entities and federal tax credits from community reinvestment activities. Such items, together with the relatively lower pre-tax earnings in the fourth quarter of 2011, resulted in the net tax benefit for that quarter.

U.S. Treasury Preferred Dividends

The Company formerly paid dividends to the U.S. Treasury on its $4.85 billion of TARP preferred securities through the first quarter of 2011. The Company redeemed these shares at the end of the first quarter of 2011 and, therefore, did not pay such dividends during 2012 or the last three quarters of 2011. The first quarter of 2011 included $66 million of preferred dividends paid to the U.S. Treasury and a $74 million, or $0.14 per common share, non-cash charge related to the unamortized discount that was recognized upon the redemption of the TARP preferred shares.

Balance Sheet

As of March 31, 2012, the Company had total assets of $178.2 billion and shareholders’ equity of $20.2 billion, representing 11.4% of total assets. Book value and tangible book value per common share increased to $37.11 and $25.49, respectively, as of March 31, 2012.

Loans

Average loans for the first quarter of 2012 were $122.5 billion, compared to average loans of $119.5 billion and $115.2 billion during the fourth and first quarters of 2011, respectively. On a sequential quarter basis, the $3.1 billion, or 3%, growth was concentrated in commercial & industrial loans, which increased $1.1 billion, government-guaranteed mortgage loans, which increased $1.2 billion, and government-guaranteed student loans, which grew by $1.3 billion primarily as a result of portfolio acquisitions in the fourth quarter of 2011. Average loans increased $7.4 billion, or 6%, over the first quarter of 2011. Growth was driven by targeted loan categories, including commercial & industrial and government-guaranteed student and residential mortgage loans, which increased by over $10 billion combined, while certain real estate-related loan categories were managed down. The reduction in real estate-related loans, together with an increase in government-guaranteed loans, resulted in continued improvement in the risk profile of the loan portfolio. As of March 31, 2012, 11% of the Company’s loan portfolio was comprised of government-guaranteed loans, up from 8% at the end of the first quarter of 2011.

Deposits

Average consumer and commercial deposits for the first quarter of 2012 were $125.8 billion, compared to $125.1 billion and $120.7 billion for the fourth and first quarters of 2011, respectively. The favorable shift in the deposit mix toward lower cost accounts continued during the quarter, with the $0.8 billion sequential quarter growth in average deposits being driven by a $1.3 billion, or 4%, increase in demand deposits, partially offset by a $0.7 billion, or 4% decline in time deposits.

Compared to the first quarter of 2011, average consumer and commercial deposits increased $5.1 billion, or 4%. Average demand deposits increased $7.1 billion, or 25%, while time deposits declined $2.4 billion, or 12%.

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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 10.95% and 9.30%, respectively. The ratios of total average equity to total average assets and tangible equity to tangible assets were 11.45% and 8.14%, respectively, as of March 31, 2012. 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 continued to improve during the quarter, with declines in early-stage delinquencies, net charge-offs,nonperforming loans, and nonperforming assets.

Nonperforming loans declined for the eleventh consecutive quarter and totaled $2.6 billion as of March 31, 2012. Relative to the fourth quarter of 2011, the $254 million, or 9%, decline occurred across virtually all loan categories, most prominently in commercial construction and residential mortgages. A portion of the decline was attributable to the transfer of $86 million of nonperforming residential mortgage loans to held for sale, as the Company elected to actively market these loans and intends to sell them during the second quarter of 2012. As a result of transferring the loans to held for sale, the Company recognized a $26 million charge-off to reflect the loans' estimated market value. Compared to March 31, 2011, nonperforming loans declined $1.3 billion, or 33%, with declines across all categories, most significantly in commercial construction. At the end of the first quarter of 2012, the percentage of nonperforming loans to total loans was 2.16%, down by 21 and 130 basis points from the fourth and first quarters of 2011, respectively. Other real estate owned totaled $411 million at the end of the current quarter, down 14% on a sequential quarter basis and down 23% since March 31, 2011.

Net charge-offs were $422 million in the current quarter compared to $472 million for the prior quarter and $571 million for the first quarter of 2011. The $50 million sequential quarter decline was spread across almost all categories except for residential mortgages, which was impacted by incremental charge-offs related to the transfer of nonperforming loans to held for sale. Compared to the first quarter of 2011, net charge-offs decreased $149 million, or 26%, with declines widespread across loan categories, most notably residential loans. The ratio of annualized net charge-offs to total average loans was 1.38%, a reduction of 19 basis points and 63 basis points from the fourth and first quarters of 2011, respectively. The provision for credit losses was $317 million, down by $10 million and $130 million from the prior quarter and the first quarter of 2011, respectively.

As of March 31, 2012, the allowance for loan losses was $2.3 billion and represented 1.92% of total loans, down nine basis points from December 31, 2011. The $109 million decline in the allowance for loan losses during the first quarter of 2012 was reflective of the continued improvement in asset quality, partially offset by growth in the loan portfolio.

Early stage delinquencies decreased 13 basis points to 1.04% from the end of the fourth quarter of 2011. This quarterly decrease was primarily due to improvement in the home equity, non-guaranteed mortgage, and consumer indirect portfolios. Excluding government-guaranteed loans, early stage delinquencies were 0.59%, a decline of nine basis points from December 31, 2011.

Accruing restructured loans totaled $2.8 billion, and nonaccruing restructured loans totaled $0.7 billion as of March 31, 2012. Accruing restructured loans declined moderately, while nonaccruing restructured loans declined $88 million compared to the prior quarter. $3.1 billion of restructured loans related to residential loans, while $0.4 billion were commercial loans.

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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. In response to recent organizational changes the Company’s has realigned its business segments which now include: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking. 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, which includes the Treasury department as well as the residual expense associated with operational and support expense allocations. The Corporate Other 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 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 April 23, 2012, at 8:00 a.m. (Eastern Time) to discuss the earnings results and business trends. Individuals may call in beginning at 7:45 a.m. (Eastern Time) by dialing 1-888-972-7805 (Passcode: 1Q12). Individuals calling from outside the United States should dial 1-517-308-9091 (Passcode: 1Q12). A replay of the call will be available approximately one hour after the call ends on April 23, 2012, and will remain available until May 4, 2012, by dialing 1-800-879-6754 (domestic) or 1-402-220-5334 (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 April 23, 2012, listeners may access an archived version of the webcast in the “Recent Earnings and Conference 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.

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This news release may contain 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 ended December 31, 2011 and in other periodic reports that we file with the SEC. Those factors include: as one of the largest lenders in the Southeast and Mid-Atlantic U.S. and a provider of financial products and services to consumers and businesses across the U.S., our financial results have been, and may continue to be, materially affected by general economic conditions, particularly unemployment levels and home prices in the U.S., and a deterioration of economic conditions or of the financial markets may materially adversely affect our lending and other businesses and our financial results and condition; legislation and regulation, including the Dodd-Frank Act, as well as future legislation and/or regulation, could require us to change certain of our business practices, reduce our revenue, impose additional costs on us or otherwise adversely affect our business operations and/or competitive position; we are subject to capital adequacy and liquidity guidelines and, if we fail to meet these guidelines, our financial condition would be adversely affected; loss of customer deposits and market illiquidity could increase our funding costs; we rely on the mortgage secondary market and GSEs for some of our liquidity; we are subject to credit risk; our ALLL may not be adequate to cover our eventual losses; we may have more credit risk and higher credit losses to the extent our loans are concentrated by loan type, industry segment, borrower type, or location of the borrower or collateral; we will realize future losses if the proceeds we receive upon liquidation of nonperforming assets are less than the carrying value of such assets; a downgrade in the U.S. government's sovereign credit rating, or in the credit ratings of instruments issued, insured or guaranteed by related institutions, agencies or instrumentalities, could result in risks to us and general economic conditions that we are not able to predict; the failure of the European Union to stabilize the fiscal condition and creditworthiness of its weaker member economies, such as Greece, Portugal, Spain, Hungary, Ireland, and Italy, could have international implications potentially impacting global financial institutions, the financial markets, and the economic recovery underway in the U.S.; 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, and may be required to repurchase mortgage loans or indemnify mortgage loan purchasers as a result of breaches of representations and warranties, borrower fraud, or as a result of certain breaches of our servicing agreements, and this could harm our liquidity, results of operations, and financial condition; financial difficulties or credit downgrades of mortgage and bond insurers may adversely affect our servicing and investment portfolios; we may be terminated as a servicer or master servicer, be required to repurchase a mortgage loan or reimburse investors for credit losses on a mortgage loan, or incur costs, liabilities, fines and other sanctions if we fail to satisfy our servicing obligations, including our obligations with respect to mortgage loan foreclosure actions; 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 and practices; our mortgage production and servicing revenue can be volatile; 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 and liquidity; changes in interest rates could also reduce the value of our MSRs and mortgages held for sale, reducing our earnings; 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 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; a failure in or breach of our operational or

8

security systems or infrastructure, or those of our third party vendors and other service providers, including as a result of cyber attacks, could disrupt our businesses, result in the disclosure or misuse of confidential or proprietary information, damage our reputation, increase our costs and cause losses; we rely on other companies to provide key components of our business infrastructure; the soundness of other financial institutions could adversely affect us; 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 might not pay dividends on your common stock; our ability to receive dividends from our subsidiaries could affect our liquidity and ability to pay dividends; disruptions in our ability to access global capital markets may adversely 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 may incur fines, penalties and other negative consequences from regulatory violations, possibly even inadvertent or unintentional violations; we depend on the expertise of key personnel, and if these individuals leave or change their roles without effective replacements, 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 framework for managing risks may not be effective in mitigating risk and loss to us; 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.

9

SunTrust Banks, Inc. and Subsidiaries

FINANCIAL HIGHLIGHTS

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

	Three Months Ended March 31						%
	2012			2011			Change 4
EARNINGS & DIVIDENDS
Net income		$250			$180		39	%
Net income available to common shareholders	245			38			NM
Total revenue - FTE 1, 2	2,218			2,160			3
Total revenue - FTE excluding securities gains, net 1, 2	2,200			2,096			5
Net income per average common share
Diluted	0.46			0.08			NM
Diluted excluding effect of accelerated accretion associated with repurchase of preferred stock issued to the U.S. Treasury 1	0.46			0.22			NM
Basic	0.46			0.08			NM
Dividends paid per common share	0.05			0.01			NM
CONDENSED BALANCE SHEETS
Selected Average Balances
Total assets		$176,855			$173,066		2	%
Earning assets	154,623			146,786			5
Loans	122,542			115,162			6
Consumer and commercial deposits	125,843			120,710			4
Brokered time and foreign deposits	2,274			2,606			(13	)
Total shareholders’ equity	20,256			23,107			(12	)
As of
Total assets	178,226			170,794			4
Earning assets	154,950			145,895			6
Loans	122,691			114,932			7
Allowance for loan and lease losses	2,348			2,854			(18	)
Consumer and commercial deposits	127,718			121,559			5
Brokered time and foreign deposits	2,314			2,426			(5	)
Total shareholders’ equity	20,241			19,223			5
FINANCIAL RATIOS & OTHER DATA
Return on average total assets	0.57		%	0.42		%	36	%
Return on average common shareholders’ equity	4.94			0.84			NM
Net interest margin 2	3.49			3.53			(1	)
Efficiency ratio 2	69.50			67.83			2
Tangible efficiency ratio 1, 2	69.02			67.32			3
Effective tax rate	21.55			15.54			39
Tier 1 common equity 3	9.30			9.05			3
Tier 1 capital 3	10.95			11.00			—
Total capital 3	13.70			13.92			(2	)
Tier 1 leverage 3	8.75			8.72			—
Total average shareholders’ equity to total average assets	11.45			13.35			(14	)
Tangible equity to tangible assets 1	8.14			7.87			3
Book value per common share		$37.11			$35.49		5
Tangible book value per common share 1	25.49			23.79			7
Market price:
High	24.93			33.14			(25	)
Low	18.07			27.38			(34	)
Close	24.17			28.84			(16	)
Market capitalization	13,005			15,482			(16	)
Average common shares outstanding (000s)
Diluted	536,407			503,503			7
Basic	533,100			499,669			7
Full-time equivalent employees	28,615			29,052			(2	)
Number of ATMs	2,914			2,924			—
Full service banking offices	1,651			1,665			(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  “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

10

SunTrust Banks, Inc. and Subsidiaries

FIVE QUARTER FINANCIAL HIGHLIGHTS

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

	Three Months Ended
	March 31     2012			December 31     2011			September 30     2011			June 30    2011			March 31     2011
EARNINGS & DIVIDENDS
Net income		$250			$74			$215			$178			$180
Net income available to common shareholders	245			71			211			174			38
Total revenue - FTE 1, 2	2,218			2,047			2,196			2,198			2,160
Total revenue - FTE excluding securities gains, net 1, 2	2,200			2,028			2,194			2,166			2,096
Net income per average common share
Diluted	0.46			0.13			0.39			0.33			0.08
Diluted excluding effect of accelerated accretion associated with repurchase of preferred stock issued to the U.S. Treasury 1	0.46			0.13			0.39			0.33			0.22
Basic	0.46			0.13			0.40			0.33			0.08
Dividends paid per common share	0.05			0.05			0.05			0.01			0.01
CONDENSED BALANCE SHEETS
Selected Average Balances
Total assets		$176,855			$174,085			$172,076			$170,527			$173,066
Earning assets	154,623			151,561			146,836			145,985			146,786
Loans	122,542			119,474			115,638			114,920			115,162
Consumer and commercial deposits	125,843			125,072			122,974			121,879			120,710
Brokered time and foreign deposits	2,274			2,293			2,312			2,340			2,606
Total shareholders’ equity	20,256			20,208			20,000			19,509			23,107
As of
Total assets	178,226			176,859			172,553			172,173			170,794
Earning assets	154,950			154,696			148,991			146,367			145,895
Loans	122,691			122,495			117,475			114,913			114,932
Allowance for loan and lease losses	2,348			2,457			2,600			2,744			2,854
Consumer and commercial deposits	127,718			125,611			123,933			121,671			121,559
Brokered time and foreign deposits	2,314			2,311			2,318			3,250			2,426
Total shareholders’ equity	20,241			20,066			20,200			19,660			19,223
FINANCIAL RATIOS & OTHER DATA
Return on average total assets	0.57		%	0.17		%	0.50		%	0.42		%	0.42		%
Return on average common shareholders’ equity	4.94			1.41			4.23			3.61			0.84
Net interest margin 2	3.49			3.46			3.49			3.53			3.53
Efficiency ratio 2	69.50			81.45			71.05			70.17			67.83
Tangible efficiency ratio 1, 2	69.02			80.99			70.55			69.64			67.32
Effective tax rate 4	21.55			NM			17.33			24.45			15.54
Tier 1 common equity 3	9.30			9.22			9.31			9.22			9.05
Tier 1 capital 3	10.95			10.90			11.10			11.11			11.00
Total capital 3	13.70			13.67			13.91			14.01			13.92
Tier 1 leverage 3	8.75			8.75			8.90			8.92			8.72
Total average shareholders’ equity to total average assets	11.45			11.61			11.62			11.44			13.35
Tangible equity to tangible assets 1	8.14			8.10			8.38			8.07			7.87
Book value per common share		$37.11			$36.86			$37.29			$36.30			$35.49
Tangible book value per common share 1	25.49			25.18			25.60			24.57			23.79
Market price:
High	24.93			21.31			26.52			30.13			33.14
Low	18.07			15.79			16.51			24.63			27.38
Close	24.17			17.70			17.95			25.80			28.84
Market capitalization	13,005			9,504			9,639			13,852			15,482
Average common shares outstanding (000s)
Diluted	536,407			535,717			535,395			535,416			503,503
Basic	533,100			532,146			531,928			531,792			499,669
Full-time equivalent employees	28,615			29,182			29,483			29,235			29,052
Number of ATMs	2,914			2,899			2,889			2,919			2,924
Full service banking offices	1,651			1,659			1,658			1,661			1,665

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  “NM” - Calculated percentage was not considered to be meaningful.

11

SunTrust Banks, Inc. and Subsidiaries

CONSOLIDATED STATEMENTS OF INCOME

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

	Three Months Ended					Increase/(Decrease) 2
	March 31
	2012		2011			Amount			%
Interest income		$1,534		$1,554			($20	)	(1	)%
Interest expense	223		305			(82		)	(27	)
NET INTEREST INCOME	1,311		1,249			62			5
Provision for credit losses	317		447			(130		)	(29	)
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	994		802			192			24
NONINTEREST INCOME
Service charges on deposit accounts	164		163			1			1
Trust and investment management income	130		135			(5		)	(4	)
Retail investment services	59		58			1			2
Other charges and fees	115		126			(11		)	(9	)
Investment banking income	71		67			4			6
Trading income	57		52			5			10
Card fees	61		100			(39		)	(39	)
Mortgage production related income/(loss)	63		(1		)	64			NM
Mortgage servicing related income	81		72			9			13
Other noninterest income	57		47			10			21
Net securities gains	18		64			(46		)	(72	)
Total noninterest income	876		883			(7		)	(1	)
NONINTEREST EXPENSE
Employee compensation and benefits	797		754			43			6
Net occupancy expense	88		89			(1		)	(1	)
Outside processing and software	176		158			18			11
Equipment expense	45		44			1			2
Marketing and customer development	27		38			(11		)	(29	)
Amortization of intangible assets	11		11			—			—
Operating losses	60		27			33			NM
FDIC premium/regulatory exams	52		71			(19		)	(27	)
Other noninterest expense	285		273			12			4
Total noninterest expense	1,541		1,465			76			5
INCOME BEFORE PROVISION FOR INCOME TAXES	329		220			109			50
Provision for income taxes	69		33			36			NM
INCOME INCLUDING INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	260		187			73			39
Net income attributable to noncontrolling interest	10		7			3			43
NET INCOME		$250		$180			$70		39	%
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS		$245		$38			$207		NM
Net interest income - FTE 1	1,342		1,277			65			5
Net income per average common share
Diluted	0.46		0.08			0.38			NM
Basic	0.46		0.08			0.38			NM
Cash dividends paid per common share	0.05		0.01			0.04			NM
Average common shares outstanding (000s)
Diluted	536,407		503,503			32,904			7
Basic	533,100		499,669			33,431			7

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

12

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
	March 31		December 31			Increase/(Decrease) 2					September 30			June 30		March 31
	2012		2011			Amount			%		2011			2011		2011
Interest income		$1,534		$1,543			($9	)	(1	)%		$1,538			$1,546		$1,554
Interest expense	223		249			(26		)	(10	)	275			287		305
NET INTEREST INCOME	1,311		1,294			17			1		1,263			1,259		1,249
Provision for credit losses	317		327			(10		)	(3	)	347			392		447
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	994		967			27			3		916			867		802
NONINTEREST INCOME
Service charges on deposit accounts	164		176			(12		)	(7	)	176			170		163
Trust and investment management income	130		127			3			2		134			135		135
Retail investment services	59		55			4			7		58			59		58
Other charges and fees	115		121			(6		)	(5	)	130			130		126
Investment banking income	71		87			(16		)	(18	)	68			95		67
Trading income	57		77			(20		)	(26	)	66			53		52
Card fees	61		62			(1		)	(2	)	104			105		100
Mortgage production related income/(loss)	63		(62		)	125			NM		54			4		(1		)
Mortgage servicing related income	81		22			59			NM		58			72		72
Other noninterest income	57		39			18			46		53			57		47
Net securities gains	18		19			(1		)	(5	)	2			32		64
Total noninterest income	876		723			153			21		903			912		883
NONINTEREST EXPENSE
Employee compensation and benefits	797		624			173			28		750			748		754
Net occupancy expense	88		88			—			—		90			89		89
Outside processing and software	176		169			7			4		164			162		158
Equipment expense	45		46			(1		)	(2	)	44			44		44
Marketing and customer development	27		59			(32		)	(54	)	41			46		38
Potential mortgage servicing settlement and claims expense	—		120			(120		)	(100	)	—			—		—
Amortization of intangible assets	11		9			2			22		11			12		11
Operating losses	60		96			(36		)	(38	)	72			62		27
FDIC premium/regulatory exams	52		68			(16		)	(24	)	80			81		71
Other noninterest expense	285		388			(103		)	(27	)	308			298		273
Total noninterest expense	1,541		1,667			(126		)	(8	)	1,560			1,542		1,465
INCOME BEFORE PROVISION/(BENEFIT) FOR INCOME TAXES	329		23			306			NM		259			237		220
Provision/(benefit) for income taxes	69		(57		)	126			NM		45			58		33
INCOME INCLUDING INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	260		80			180			NM		214			179		187
Net income/(loss) attributable to noncontrolling interest	10		6			4			67		(1		)	1		7
NET INCOME		$250		$74			$176		NM			$215			$178		$180
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS		$245		$71			$174		NM			$211			$174		$38
Net interest income - FTE 1	1,342		1,324			18			1		1,293			1,286		1,277
Net income per average common share
Diluted	0.46		0.13			0.33			NM		0.39			0.33		0.08
Basic	0.46		0.13			0.33			NM		0.40			0.33		0.08
Cash dividends paid per common share	0.05		0.05			—			—		0.05			0.01		0.01
Average common shares outstanding (000s)
Diluted	536,407		535,717			690			—		535,395			535,416		503,503
Basic	533,100		532,146			954			—		531,928			531,792		499,669

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

13

SunTrust Banks, Inc. and Subsidiaries

CONSOLIDATED BALANCE SHEETS

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

	As of March 31						Increase/(Decrease)2
	2012			2011			Amount			%
ASSETS
Cash and due from banks		$5,019			$5,216			($197	)	(4	)%
Interest-bearing deposits in other banks	21			20			1			5
Securities purchased under agreements to resell	941			981			(40		)	(4	)
Trading assets	6,316			6,289			27			—
Securities available for sale	27,323			26,569			754			3
Loans held for sale	2,749			2,165			584			27
Loans held for investment:
Commercial & industrial	50,189			45,080			5,109			11
Commercial real estate	4,910			6,043			(1,133		)	(19	)
Commercial construction	1,086			2,109			(1,023		)	(49	)
Residential mortgages - guaranteed	6,447			4,516			1,931			43
Residential mortgages - nonguaranteed	23,653			23,443			210			1
Residential home equity products	15,472			16,382			(910		)	(6	)
Residential construction	924			1,208			(284		)	(24	)
Consumer student loans - guaranteed	7,186			4,477			2,709			61
Consumer other direct	2,152			1,786			366			20
Consumer indirect	10,145			9,469			676			7
Consumer credit cards	527			419			108			26
Total loans held for investment	122,691			114,932			7,759			7
Allowance for loan and lease losses	(2,348		)	(2,854		)	(506		)	(18	)
Net loans held for investment	120,343			112,078			8,265			7
Goodwill	6,344			6,324			20			—
Other intangible assets	1,155			1,659			(504		)	(30	)
Other real estate owned	411			534			(123		)	(23	)
Other assets	7,604			8,959			(1,355		)	(15	)
Total assets1		$178,226			$170,794			$7,432		4	%
LIABILITIES
Deposits:
Noninterest-bearing consumer and commercial deposits		$36,771			$28,521			$8,250		29	%
Interest-bearing consumer and commercial deposits:
NOW accounts	25,502			25,462			40			—
Money market accounts	42,683			43,055			(372		)	(1	)
Savings	5,134			4,518			616			14
Consumer time	11,306			12,747			(1,441		)	(11	)
Other time	6,322			7,256			(934		)	(13	)
Total consumer and commercial deposits	127,718			121,559			6,159			5
Brokered time deposits	2,284			2,369			(85		)	(4	)
Foreign deposits	30			57			(27		)	(47	)
Total deposits	130,032			123,985			6,047			5
Funds purchased	908			1,150			(242		)	(21	)
Securities sold under agreements to repurchase	1,781			2,113			(332		)	(16	)
Other short-term borrowings	6,878			2,858			4,020			NM
Long-term debt	11,894			14,663			(2,769		)	(19	)
Trading liabilities	1,554			2,731			(1,177		)	(43	)
Other liabilities	4,938			4,071			867			21
Total liabilities	157,985			151,571			6,414			4
SHAREHOLDERS' EQUITY
Preferred stock, no par value	275			172			103			60
Common stock, $1.00 par value	550			550			—			—
Additional paid in capital	9,243			9,324			(81		)	(1	)
Retained earnings	9,198			8,575			623			7
Treasury stock, at cost, and other	(699		)	(823		)	(124		)	(15	)
Accumulated other comprehensive income	1,674			1,425			249			17
Total shareholders' equity	20,241			19,223			1,018			5
Total liabilities and shareholders' equity		$178,226			$170,794			$7,432		4	%
Common shares outstanding	538,056			536,817			1,239			—	%
Common shares authorized	750,000			750,000			—			—
Preferred shares outstanding	3			2			1			50
Preferred shares authorized	50,000			50,000			—			—
Treasury shares of common stock	11,865			13,104			(1,239		)	(9	)

¹Includes earning assets of $154,950 and $145,895 as of March 31, 2012 and 2011, respectively.

²“NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

14

SunTrust Banks, Inc. and Subsidiaries

FIVE QUARTER CONSOLIDATED BALANCE SHEETS

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

	As of											As of
	March 31			December 31			Increase/(Decrease)					September 30			June 30			March 31
	2012			2011			Amount			%		2011			2011			2011
ASSETS
Cash and due from banks		$5,019			$3,696			$1,323		36	%		$4,637			$5,633			$5,216
Interest-bearing deposits in other banks	21			21			—			—		21			20			20
Securities purchased under agreements to resell	941			792			149			19		842			1,134			981
Trading assets	6,316			6,279			37			1		6,288			6,586			6,289
Securities available for sale	27,323			28,117			(794		)	(3	)	27,502			27,216			26,569
Loans held for sale	2,749			2,353			396			17		2,243			2,052			2,165
Loans held for investment:
Commercial & industrial	50,189			49,538			651			1		47,985			45,922			45,080
Commercial real estate	4,910			5,094			(184		)	(4	)	5,330			5,707			6,043
Commercial construction	1,086			1,240			(154		)	(12	)	1,390			1,740			2,109
Residential mortgages - guaranteed	6,447			6,672			(225		)	(3	)	4,449			4,513			4,516
Residential mortgages - nonguaranteed	23,653			23,243			410			2		23,517			23,224			23,443
Residential home equity products	15,472			15,765			(293		)	(2	)	15,980			16,169			16,382
Residential construction	924			980			(56		)	(6	)	1,046			1,118			1,208
Consumer student loans - guaranteed	7,186			7,199			(13		)	—		5,333			4,620			4,477
Consumer other direct	2,152			2,059			93			5		1,945			1,863			1,786
Consumer indirect	10,145			10,165			(20		)	—		10,003			9,630			9,469
Consumer credit cards	527			540			(13		)	(2	)	497			407			419
Total loans held for investment	122,691			122,495			196			—		117,475			114,913			114,932
Allowance for loan and lease losses	(2,348		)	(2,457		)	(109		)	(4	)	(2,600		)	(2,744		)	(2,854		)
Net loans held for investment	120,343			120,038			305			—		114,875			112,169			112,078
Goodwill	6,344			6,344			—			—		6,344			6,343			6,324
Other intangible assets	1,155			1,017			138			14		1,138			1,539			1,659
Other real estate owned	411			479			(68		)	(14	)	509			483			534
Other assets	7,604			7,723			(119		)	(2	)	8,154			8,998			8,959
Total assets1		$178,226			$176,859			$1,367		1	%		$172,553			$172,173			$170,794
LIABILITIES
Deposits:
Noninterest-bearing consumer and commercial deposits		$36,771			$34,359			$2,412		7	%		$32,447			$30,591			$28,521
Interest-bearing consumer and commercial deposits:
NOW accounts	25,502			26,171			(669		)	(3	)	24,670			24,330			25,462
Money market accounts	42,683			42,312			371			1		43,236			42,427			43,055
Savings	5,134			4,664			470			10		4,644			4,600			4,518
Consumer time	11,306			11,661			(355		)	(3	)	12,177			12,598			12,747
Other time	6,322			6,444			(122		)	(2	)	6,759			7,125			7,256
Total consumer and commercial deposits	127,718			125,611			2,107			2		123,933			121,671			121,559
Brokered time deposits	2,284			2,281			3			—		2,283			2,345			2,369
Foreign deposits	30			30			—			—		35			905			57
Total deposits	130,032			127,922			2,110			2		126,251			124,921			123,985
Funds purchased	908			839			69			8		998			939			1,150
Securities sold under agreements to repurchase	1,781			1,644			137			8		2,016			2,253			2,113
Other short-term borrowings	6,878			8,983			(2,105		)	(23	)	3,218			2,791			2,858
Long-term debt	11,894			10,908			986			9		13,544			13,693			14,663
Trading liabilities	1,554			1,806			(252		)	(14	)	1,735			3,026			2,731
Other liabilities	4,938			4,691			247			5		4,591			4,890			4,071
Total liabilities	157,985			156,793			1,192			1		152,353			152,513			151,571
SHAREHOLDERS’ EQUITY
Preferred stock, no par value	275			275			—			—		172			172			172
Common stock, $1.00 par value	550			550			—			—		550			550			550
Additional paid in capital	9,243			9,306			(63		)	(1	)	9,314			9,330			9,324
Retained earnings	9,198			8,978			220			2		8,933			8,745			8,575
Treasury stock, at cost, and other	(699		)	(792		)	(93		)	(12	)	(795		)	(805		)	(823		)
Accumulated other comprehensive income	1,674			1,749			(75		)	(4	)	2,026			1,668			1,425
Total shareholders’ equity	20,241			20,066			175			1		20,200			19,660			19,223
Total liabilities and shareholders’ equity		$178,226			$176,859			$1,367		1	%		$172,553			$172,173			$170,794
Common shares outstanding	538,056			536,967			1,089			—	%	537,001			536,907			536,817
Common shares authorized	750,000			750,000			—			—		750,000			750,000			750,000
Preferred shares outstanding	3			3			—			—		2			2			2
Preferred shares authorized	50,000			50,000			—			—		50,000			50,000			50,000
Treasury shares of common stock	11,865			12,954			(1,089		)	(8	)	12,919			13,014			13,104

¹Includes earning assets of $154,950, $154,696, $148,991, $146,367, and $145,895, as of March 31, 2012, December 31, 2011, September 30, 2011, June 30, 2011, and March 31, 2011, respectively.

15

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
	March 31, 2012							December 31, 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:
Commercial and industrial - FTE 1		$49,542			$599	4.86	%		$48,461			$607	4.97	%		$1,081		(0.11	)%	$5,361			(0.49	)%
Commercial real estate	4,737			44		3.72		4,911			46		3.73		(174		)	(0.01	)	(983		)	(0.04	)
Commercial construction	921			9		3.89		986			10		3.90		(65		)	(0.01	)	(545		)	0.09
Residential mortgages - guaranteed	6,478			53		3.25		5,300			44		3.31		1,178			(0.06	)	2,173			(0.01	)
Residential mortgages - nonguaranteed	21,946			259		4.71		21,852			262		4.79		94			(0.08	)	(227		)	(0.47	)
Home equity products	15,283			141		3.70		15,517			145		3.72		(234		)	(0.02	)	(931		)	(0.08	)
Residential construction	738			9		5.13		780			10		5.29		(42		)	(0.16	)	(224		)	(0.07	)
Guaranteed student loans	7,308			71		3.93		5,970			61		4.07		1,338			(0.14	)	2,932			(0.37	)
Other direct	2,100			23		4.45		1,998			23		4.57		102			(0.12	)	359			(0.56	)
Indirect	10,112			100		3.99		10,058			105		4.13		54			(0.14	)	639			(0.90	)
Credit cards	545			14		10.59		541			15		10.81		4			(0.22	)	23			(0.95	)
Nonaccrual	2,832			7		1.05		3,100			9		1.18		(268		)	(0.13	)	(1,197		)	0.28
Total loans	122,542			1,329		4.36		119,474			1,337		4.44		3,068			(0.08	)	7,380			(0.36	)
Securities available for sale:
Taxable	24,250			190		3.14		24,701			192		3.10		(451		)	0.04		545			0.02
Tax-exempt - FTE 1	420			6		5.41		456			6		5.45		(36		)	(0.04	)	(129		)	(0.13	)
Total securities available for sale	24,670			196		3.17		25,157			198		3.14		(487		)	0.03		416			—
Securities purchased under agreements to resell	731			—		0.03		850			—		0.04		(119		)	0.01		(333		)	0.02
Loans held for sale	2,649			25		3.70		2,168			22		4.10		481			(0.40	)	(77		)	(0.43	)
Interest-bearing deposits	21			—		0.21		21			—		0.17		—			0.04		(1		)	0.08
Interest earning trading assets	4,010			15		1.49		3,891			16		1.57		119			(0.08	)	452			(1.00	)
Total earning assets	154,623			1,565		4.07		151,561			1,573		4.12		3,062			(0.05	)	7,837			(0.30	)
Allowance for loan and lease losses	(2,428		)					(2,536		)					108					424
Cash and due from banks	4,563							4,328							235					(1,922		)
Other assets	14,893							15,620							(727		)			(2,806		)
Noninterest earning trading assets	2,260							2,286							(26		)			(394		)
Unrealized gains on securities available for sale, net	2,944							2,826							118					650
Total assets		$176,855							$174,085							$2,770				$	3,789
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing deposits:
NOW accounts	$25,262				$6	0.10	%		$24,994			$7	0.11	%		$268		(0.01	)%	$	(108	)	(0.07	)%
Money market accounts	42,489			25		0.24		42,849			30		0.28		(360		)	(0.04	)	(114		)	(0.22	)
Savings	4,860			1		0.12		4,658			2		0.12		202			—		594			(0.01	)
Consumer time	11,472			44		1.54		11,925			47		1.56		(453		)	(0.02	)	(1,302		)	(0.07	)
Other time	6,368			28		1.69		6,593			28		1.70		(225		)	(0.01	)	(1,049		)	(0.09	)
Total interest-bearing consumer and commercial deposits	90,451			104		0.46		91,019			114		0.50		(568		)	(0.04	)	(1,979		)	(0.17	)
Brokered time deposits	2,265			23		4.03		2,259			25		4.20		6			(0.17	)	(82		)	(0.33	)
Foreign deposits	9			—		0.13		34			—		4.13		(25		)	(4.00	)	(250		)	(0.02	)
Total interest-bearing deposits	92,725			127		0.55		93,312			139		0.59		(587		)	(0.04	)	(2,311		)	(0.17	)
Funds purchased	871			—		0.10		969			—		0.10		(98		)	—		(243		)	(0.08	)
Securities sold under agreements to repurchase	1,634			1		0.14		1,897			—		0.14		(263		)	—		(668		)	(0.02	)
Interest-bearing trading liabilities	531			2		1.73		674			4		2.26		(143		)	(0.53	)	(399		)	(1.61	)
Other short-term borrowings	9,170			5		0.20		5,082			4		0.28		4,088			(0.08	)	6,410			(0.21	)
Long-term debt	11,356			88		3.13		12,757			102		3.17		(1,401		)	(0.04	)	(2,450		)	(0.51	)
Total interest-bearing liabilities	116,287			223		0.77		114,691			249		0.86		1,596			(0.09	)	339			(0.30	)
Noninterest-bearing deposits	35,392							34,053							1,339					7,112
Other liabilities	3,893							4,040							(147		)			(62		)
Noninterest-bearing trading liabilities	1,027							1,093							(66		)			(749		)
Shareholders’ equity	20,256							20,208							48					(2,851		)
Total liabilities and shareholders’ equity		$176,855							$174,085							$2,770				$	3,789
Interest Rate Spread						3.30	%						3.26	%				0.04	%				—	%
Net Interest Income - FTE 1					$1,342							$1,324
Net Interest Margin 2						3.49	%						3.46	%				0.03	%				(0.04	)%

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.

² 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
	September 30, 2011							June 30, 2011							March 31, 2011
	Average Balances			Interest Income/ Expense		Yields/Rates		Average Balances			Interest Income/ Expense		Yields/Rates		Average Balances			Interest Income/ Expense		Yields/Rates
ASSETS
Loans:
Commercial and industrial - FTE 1		$46,261			$595	5.11	%		$45,158			$583	5.17	%		$44,181			$583	5.35	%
Commercial real estate	5,192			49		3.72		5,479			50		3.66		5,720			53		3.76
Commercial construction	1,043			10		3.90		1,204			11		3.83		1,466			14		3.80
Residential mortgages - guaranteed	4,349			39		3.59		4,387			39		3.57		4,305			35		3.26
Residential mortgages -nonguaranteed	21,888			266		4.87		21,794			273		5.01		22,173			287		5.18
Home equity products	15,718			148		3.74		15,924			150		3.77		16,214			151		3.78
Residential construction	826			11		5.10		885			12		5.24		962			12		5.20
Guaranteed student loans	4,765			52		4.35		4,552			49		4.37		4,376			46		4.30
Other direct	1,906			23		4.67		1,823			22		4.79		1,741			22		5.01
Indirect	9,761			109		4.44		9,459			111		4.70		9,473			114		4.89
Credit cards	522			15		11.31		457			15		12.98		522			15		11.54
Nonaccrual	3,407			7		0.79		3,798			10		1.08		4,029			8		0.77
Total loans	115,638			1,324		4.54		114,920			1,325		4.62		115,162			1,340		4.72
Securities available for sale:
Taxable	23,768			195		3.29		23,711			199		3.35		23,705			185		3.12
Tax-exempt - FTE 1	485			7		5.44		517			7		5.47		549			7		5.54
Total securities available for sale	24,253			202		3.33		24,228			206		3.40		24,254			192		3.17
Securities purchased under agreements to resell	977			—		—		1,079			—		—		1,064			—		0.01
Loans held for sale	2,032			21		4.11		2,104			22		4.17		2,726			28		4.13
Interest-bearing deposits	21			—		0.15		23			—		0.16		22			—		0.13
Interest earning trading assets	3,915			21		2.09		3,631			20		2.30		3,558			22		2.49
Total earning assets	146,836			1,568		4.23		145,985			1,573		4.32		146,786			1,582		4.37
Allowance for loan and lease losses	(2,682		)					(2,740		)					(2,852		)
Cash and due from banks	5,567							4,452							6,485
Other assets	16,676							17,348							17,699
Noninterest earning trading assets	2,897							2,999							2,654
Unrealized gains on securities available for sale, net	2,782							2,483							2,294
Total assets		$172,076							$170,527							$173,066
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing deposits:
NOW accounts		$23,979			$8	0.13	%		$24,672			$10	0.16	%		$25,370			$11	0.17	%
Money market accounts	43,095			39		0.36		42,865			43		0.40		42,603			48		0.46
Savings	4,622			2		0.15		4,587			2		0.18		4,266			1		0.13
Consumer time	12,404			49		1.59		12,712			51		1.60		12,774			51		1.61
Other time	6,940			30		1.70		7,203			31		1.74		7,417			33		1.78
Total interest-bearing consumer and commercial deposits	91,040			128		0.56		92,039			137		0.60		92,430			144		0.63
Brokered time deposits	2,303			26		4.34		2,317			25		4.38		2,347			25		4.36
Foreign deposits	9			—		0.13		23			—		0.05		259			—		0.15
Total interest-bearing deposits	93,352			154		0.65		94,379			162		0.69		95,036			169		0.72
Funds purchased	1,069			—		0.11		1,001			—		0.12		1,114			—		0.18
Securities sold under agreements to repurchase	2,170			1		0.15		2,264			1		0.14		2,302			1		0.16
Interest-bearing trading liabilities	878			7		2.95		922			8		3.39		930			8		3.34
Other short-term borrowings	3,063			3		0.40		2,934			3		0.38		2,760			3		0.41
Long-term debt	13,667			110		3.19		13,765			113		3.30		13,806			124		3.64
Total interest-bearing liabilities	114,199			275		0.95		115,265			287		1.00		115,948			305		1.07
Noninterest-bearing deposits	31,934							29,840							28,280
Other liabilities	4,069							3,823							3,955
Noninterest-bearing trading liabilities	1,874							2,090							1,776
Shareholders’ equity	20,000							19,509							23,107
Total liabilities and shareholders’ equity		$172,076						$	170,527						$	173,066
Interest Rate Spread						3.28	%						3.32	%						3.30	%
Net Interest Income - FTE 1					$1,293							$1,286							$1,277
Net Interest Margin 2						3.49	%						3.53	%						3.53	%

¹  The fully taxable-equivalent (“FTE”) basis adjusts for the tax-favored status of net interest income from certain loans and investments. The Company believes this measure to be the

preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources.

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

17

SunTrust Banks, Inc. and Subsidiaries OTHER FINANCIAL DATA (Dollars in millions) (Unaudited)
	Three Months Ended March 31
							Increase/(Decrease)
	2012			2011			Amount			% 4
CREDIT DATA
Allowance for credit losses - beginning		$2,505			$3,032			($527	)	(17	)%
Provision/(benefit) for unfunded commitments	4			(4		)	(8		)	NM
Provision for loan losses
Commercial	38			108			(70		)	(65	)
Residential	258			322			(64		)	(20	)
Consumer	17			21			(4		)	(19	)
Total provision for loan losses	313			451			(138		)	(31	)
Charge-offs
Commercial	(126		)	(185		)	(59		)	(32	)
Residential	(302		)	(385		)	(83		)	(22	)
Consumer	(35		)	(45		)	(10		)	(22	)
Total charge-offs	(463		)	(615		)	(152		)	(25	)
Recoveries
Commercial	25			29			(4		)	(14	)
Residential	5			5			—			—
Consumer	11			10			1			10
Total recoveries	41			44			(3		)	(7	)
Net charge-offs	(422		)	(571		)	(149		)	(26	)
Allowance for credit losses - ending		$2,400			$2,908			($508	)	(17	)%
Components:
Allowance for loan and lease losses		$2,348			$2,854			($506	)	(18	)%
Unfunded commitments reserve	52			54			(2		)	(4	)
Allowance for credit losses		$2,400			$2,908			($508	)	(17	)%
Net charge-offs to average loans (annualized)
Commercial	0.72		%	1.19		%	(0.47		)%
Residential	2.57			3.37			(0.80		)
Consumer	0.48			0.89			(0.41		)
Total net charge-offs to total average loans	1.38		%	2.01		%	(0.63		)%
Period Ended
Nonaccrual/nonperforming loans
Commercial		$815			$1,863			($1,048	)	(56	)%
Residential	1,812			2,076			(264		)	(13	)
Consumer	22			32			(10		)	(31	)
Total nonaccrual/nonperforming loans	2,649			3,971			(1,322		)	(33	)
Other real estate owned (“OREO”)	411			534			(123		)	(23	)
Other repossessed assets	14			16			(2		)	(13	)
Nonperforming loans held for sale ("LHFS")	60			47			13			28
Total nonperforming assets		$3,134			$4,568			($1,434	)	(31	)%
Accruing restructured loans		$2,750			$2,643			$107		4	%
Nonaccruing restructured loans	714			976			(262		)	(27	)
Accruing loans past due > 90 days (guaranteed)	2,088			1,570			518			33
Accruing loans past due > 90 days (non-guaranteed)	64			88			(24		)	(27	)
Total nonperforming loans to total loans	2.16		%	3.46		%	(1.30		)%	(38	)%
Total nonperforming assets to total loans plus OREO,     other repossessed assets, and nonperforming LHFS	2.54			3.95			(1.41		)	(36	)
Allowance to period-end loans1,2	1.92			2.49			(0.57		)	(23	)
Allowance to period-end loans, excluding government guaranteed loans 1,2,3	2.16			2.71			(0.55		)	(20	)
Allowance to nonperforming loans1,2	89.31			72.29			17.02			24
Allowance to annualized net charge-offs1	1.38x			1.23x			0.15x			12

¹ This ratio is computed using the allowance for loan and lease losses.

² Loans carried at fair value were excluded from the calculation.

³ See Appendix A for reconciliation of non-GAAP performance measures.

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

18

SunTrust Banks, Inc. and Subsidiaries FIVE QUARTER OTHER FINANCIAL DATA (Dollars in millions) (Unaudited)
	Three Months Ended
	March 31			December 31			Increase/(Decrease)					September 30			June 30			March 31
	2012			2011			Amount			%4		2011			2011			2011
CREDIT DATA
Allowance for credit losses - beginning		$2,505			$2,650			($145	)	(5	)%		$2,795			$2,908			$3,032
Provision/(benefit) for unfunded commitments	4			(2		)	(6		)	NM		(1		)	(3		)	(4		)
Provision for loan losses
Commercial	38			6			32			NM		86			124			108
Residential	258			304			(46		)	(15	)	236			252			322
Consumer	17			19			(2		)	(11	)	26			19			21
Total provision for loan losses	313			329			(16		)	(5	)	348			395			451
Charge-offs
Commercial	(126		)	(185		)	(59		)	(32	)	(214		)	(220		)	(185		)
Residential	(302		)	(305		)	(3		)	(1	)	(282		)	(303		)	(385		)
Consumer	(35		)	(38		)	(3		)	(8	)	(40		)	(40		)	(45		)
Total charge-offs	(463		)	(528		)	(65		)	(12	)	(536		)	(563		)	(615		)
Recoveries
Commercial	25			42			(17		)	(40	)	29			41			29
Residential	5			3			2			67		3			6			5
Consumer	11			11			—			—		12			11			10
Total recoveries	41			56			(15		)	(27	)	44			58			44
Net charge-offs	(422		)	(472		)	(50		)	(11	)	(492		)	(505		)	(571		)
Allowance for credit losses - ending		$2,400			$2,505			($105	)	(4	)%		$2,650			$2,795			$2,908
Components:
Allowance for loan and lease losses		$2,348			$2,457			($109	)	(4	)%		$2,600			$2,744			$2,854
Unfunded commitments reserve	52			48			4			8		50			51			54
Allowance for credit losses		$2,400			$2,505			($105	)	(4	)%		$2,650			$2,795			$2,908
Net charge-offs to average loans (annualized)
Commercial	0.72		%	1.02		%	(0.30		)%			1.37		%	1.34		%	1.19		%
Residential	2.57			2.63			(0.06		)			2.47			2.65			3.37
Consumer	0.48			0.58			(0.10		)			0.66			0.71			0.89
Total net charge-offs to total average loans	1.38		%	1.57		%	(0.19		)%			1.69		%	1.76		%	2.01		%
Period Ended
Nonaccrual/nonperforming loans
Commercial		$815			$926			($111	)	(12	)%		$1,205			$1,563			$1,863
Residential	1,812			1,951			(139		)	(7	)	2,007			2,013			2,076
Consumer	22			26			(4		)	(15	)	27			34			32
Total nonaccrual/nonperforming loans	2,649			2,903			(254		)	(9	)	3,239			3,610			3,971
OREO	411			479			(68		)	(14	)	509			483			534
Other repossessed assets	14			10			4			40		15			11			16
Nonperforming LHFS	60			—			60			NM		—			—			47
Total nonperforming assets		$3,134			$3,392			($258	)	(8	)%		$3,763			$4,104			$4,568
Accruing restructured loans		$2,750			$2,820			($70	)	(2	)%		$2,824			$2,719			$2,643
Nonaccruing restructured loans	714			802			(88		)	(11	)	883			923			976
Accruing loans past due > 90 days (guaranteed)	2,088			1,971			117			6		1,708			1,567			1,570
Accruing loans past due > 90 days (non-guaranteed)	64			57			7			12		116			69			88
Total nonperforming loans to total loans	2.16		%	2.37		%	(0.21		)%	(9	)%	2.76		%	3.14		%	3.46		%
Total nonperforming assets to total loans plus OREO,     other repossessed assets, and nonperforming LHFS	2.54			2.76			(0.22		)	(8	)	3.19			3.56			3.95
Allowance to period-end loans1,2	1.92			2.01			(0.09		)	(4	)	2.22			2.40			2.49
Allowance to period-end loans, excluding government guaranteed loans 1,2,3	2.16			2.27			(0.11		)	(5	)	2.42			2.61			2.71
Allowance to nonperforming loans1,2	89.31			85.39			3.92			5		80.92			76.57			72.29
Allowance to annualized net charge-offs1	1.38x			1.31x			0.07x			5		1.33x			1.35x			1.23x

¹ This ratio is computed using the allowance for loan and lease losses.

² Loans carried at fair value were excluded from the calculation.

³ See Appendix A for reconciliation of non-GAAP performance measures.

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

19

SunTrust Banks, Inc. and Subsidiaries OTHER FINANCIAL DATA, continued (Dollars in millions) (Unaudited)
	Three Months Ended March 31
	Core Deposit   Intangibles			MSRs - Fair Value			Other			Total
OTHER INTANGIBLE ASSET ROLLFORWARD
Balance, beginning of period		$67			$1,439			$65			$1,571
Amortization	(8		)	—			(3		)	(11		)
Mortgage Servicing Rights (“MSRs”) originated	—			88			—			88
Fair value changes due to inputs and assumptions	—			70			—			70
Other changes in fair value	—			(52		)	—			(52		)
Sale of MSRs	—			(7		)	—			(7		)
Balance, March 31, 2011		$59			$1,538			$62			$1,659
Balance, beginning of period		$38			$921			$58			$1,017
Amortization	(6		)	—			(5		)	(11		)
MSRs originated	—			83			—			83
Fair value changes due to inputs and assumptions	—			124			—			124
Other changes in fair value	—			(57		)	—			(57		)
Sale of MSRs	—			(1		)	—			(1		)
Balance, March 31, 2012		$32			$1,070			$53			$1,155

	Three Months Ended
	March 31        2012	December 31        2011		September 30         2011	June 30       2011	March 31       2011
COMMON SHARE ROLLFORWARD (000’s)
Balance, beginning of period	536,967	537,001		536,907	536,817	500,436
Common shares issued (exchanged) for employee benefit plans, stock option, and restricted stock activity	1,089	(34	)	94	90	1,127
Issuance of common stock - Capital Plan	—	—		—	—	35,254
Balance, end of period	538,056	536,967		537,001	536,907	536,817

20

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
	March 31			December 31			September 30			June 30			March 31
	2012			2011			2011			2011			2011
NON-GAAP MEASURES PRESENTED IN THE EARNINGS RELEASE1
Efficiency ratio2	69.50		%	81.45		%	71.05		%	70.17		%	67.83		%
Impact of excluding amortization of intangible assets	(0.48		)	(0.46		)	(0.50		)	(0.53		)	(0.51		)
Tangible efficiency ratio3	69.02		%	80.99		%	70.55		%	69.64		%	67.32		%
Total shareholders' equity		$20,241			$20,066			$20,200			$19,660			$19,223
Goodwill, net of deferred taxes of $164 million, $154 million, $149 million, $144 million, and $139 million, respectively	(6,180		)	(6,190		)	(6,195		)	(6,199		)	(6,185		)
Other intangible assets, net of deferred taxes of $14 million, $16 million, $18 million, $21 million, and $24 million, respectively, and MSRs	(1,142		)	(1,001		)	(1,120		)	(1,518		)	(1,635		)
MSRs	1,070			921			1,033			1,423			1,538
Tangible equity	13,989			13,796			13,918			13,366			12,941
Preferred stock	(275		)	(275		)	(172		)	(172		)	(172		)
Tangible common equity		$13,714			$13,521			$13,746			$13,194			$12,769
Total assets		$178,226			$176,859			$172,553			$172,173			$170,794
Goodwill	(6,344		)	(6,344		)	(6,344		)	(6,343		)	(6,324		)
Other intangible assets including MSRs	(1,155		)	(1,017		)	(1,138		)	(1,539		)	(1,659		)
MSRs	1,070			921			1,033			1,423			1,538
Tangible assets		$171,797			$170,419			$166,104			$165,714			$164,349
Tangible equity to tangible assets4	8.14		%	8.10		%	8.38		%	8.07		%	7.87		%
Tangible book value per common share5		$25.49			$25.18			$25.60			$24.57			$23.79
Net interest income		$1,311			$1,294			$1,263			$1,259			$1,249
Taxable-equivalent adjustment	31			30			30			27			28
Net interest income - FTE	1,342			1,324			1,293			1,286			1,277
Noninterest income	876			723			903			912			883
Total revenue - FTE	2,218			2,047			2,196			2,198			2,160
Securities gains, net	(18		)	(19		)	(2		)	(32		)	(64		)
Total revenue - FTE excluding net securities gains6		$2,200			$2,028			$2,194			$2,166			$2,096
Total loans		$122,691			$122,495			$117,475			$114,913			$114,932
Government guaranteed loans	(13,633		)	(13,871		)	(9,782		)	(9,133		)	(8,993		)
Loans held at fair value	(413		)	(433		)	(452		)	(449		)	(457		)
Total loans, excluding government guaranteed and fair value loans		$108,645			$108,191			$107,241			$105,331			$105,482
Allowance to total loans, excluding government guaranteed and fair value loans7	2.16		%	2.27		%	2.42		%	2.61		%	2.71		%

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.

⁷ SunTrust presents a ratio of allowance to total loans, excluding government guaranteed and fair value loans, to exclude loans from the calculation that are held at fair value with no related allowance and loans guaranteed by a government agency that do not have an associated allowance recorded due to nominal risk of principal loss.

21

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
	March 31			December 31			September 30			June 30			March 31
	2012			2011			2011			2011			2011
NON-GAAP MEASURES PRESENTED IN THE EARNINGS RELEASE1
Net income available to common shareholders		$245			$71			$211			$174			$38
Accelerated accretion associated with repurchase of preferred stock issued to the U.S. Treasury	—			—			—			—			74
Net income available to common shareholders excluding accelerated accretion associated with repurchase of preferred stock issued to the U.S. Treasury		$245			$71			$211			$174			$112
Net income per average common share - diluted		$0.46			$0.13			$0.39			$0.33			$0.08
Effect of accelerated accretion associated with repurchase of preferred stock issued to the U.S. Treasury	—			—			—			—			0.14
Net income per average common share - diluted, excluding effect of accelerated accretion associated with repurchase of preferred stock issued to the U.S. Treasury		$0.46			$0.13			$0.39			$0.33			$0.22
RECONCILIATION OF NET INCOME AVAILABLE TO COMMON SHAREHOLDERS:
Net income		$250			$74			$215			$178			$180
Preferred dividends	(3		)	(2		)	(2		)	(2		)	(2		)
Dividends and accretion of discount on preferred stock issued to the U.S. Treasury	—			—			—			—			(66		)
Accelerated accretion associated with repurchase of preferred stock issued to the U.S. Treasury	—			—			—			—			(74		)
Dividends and undistributed earnings allocated to unvested shares	(2		)	(1		)	(2		)	(2		)	—
Net income available to common shareholders		$245			$71			$211			$174			$38

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.

22

SunTrust Banks, Inc. and Subsidiaries CONSUMER BANKING AND PRIVATE WEALTH MANAGEMENT (Dollars in millions)    (Unaudited)
	Three Months Ended March 31
	2012			2011			% Change
Statements of Income
Net interest income 1		$634			$619		2	%
FTE adjustment	—			—			—
Net interest income - FTE	634			619			2
Provision for credit losses 2	155			202			(23	)
Net interest income - FTE - after provision for credit losses	479			417			15
Noninterest income before securities gains/(losses)	323			359			(10	)
Securities gains/(losses), net	—			—			—
Total noninterest income	323			359			(10	)
Noninterest expense before amortization of intangible assets	700			694			1
Amortization of intangible assets	7			9			(22	)
Total noninterest expense	707			703			1
Income before provision for income taxes	95			73			30
Provision for income taxes	34			27			26
FTE adjustment	—			—			—
Net income including income attributable to noncontrolling interest	61			46			33
Less: net income attributable to noncontrolling interest	—			—			—
Net income		$61			$46		33
Total revenue - FTE		$957			$978		(2	)
Selected Average Balances
Total loans		$41,462			$38,856		7	%
Goodwill	3,752			3,725			1
Other intangible assets excluding MSRs	63			92			(32	)
Total assets	46,105			43,418			6
Consumer and commercial deposits	76,809			75,975			1
Performance Ratios
Efficiency ratio	73.90		%	71.92		%
Impact of excluding amortization of intangible assets	(3.36		)	(3.79		)
Tangible efficiency ratio	70.54		%	68.13		%
Other Information (End of Period) 3
Assets under administration
Managed (discretionary) assets		$47,767			$48,863		(2	)%
Non-managed assets	38,755			41,054			(6	)
Total assets under administration	86,522			89,917			(4	)
Brokerage assets	37,715			35,685			6
Corporate trust assets	11,761			10,429			13
Total assets under advisement		$135,998			$136,031		—

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  Reflects the assets under administration/advisement for Private Wealth Management clients. The Wholesale Banking segment includes additional assets under administration/advisement for GenSpring and RidgeWorth clients.

23

SunTrust Banks, Inc. and Subsidiaries WHOLESALE BANKING (Dollars in millions)    (Unaudited)
	Three Months Ended March 31
	2012			2011			% Change 4
Statements of Income
Net interest income 1		$429			$389		10	%
FTE adjustment	29			26			12
Net interest income - FTE	458			415			10
Provision for credit losses 2	101			146			(31	)
Net interest income - FTE - after provision for credit losses	357			269			33
Noninterest income before securities gains/(losses)	379			388			(2	)
Securities gains/(losses), net	—			—			—
Total noninterest income	379			388			(2	)
Noninterest expense before amortization of intangible assets	512			532			(4	)
Amortization of intangible assets	3			1			NM
Total noninterest expense	515			533			(3	)
Income - FTE - before provision/(benefit) for income taxes	221			124			78
Provision/(benefit) for income taxes	30			(3		)	NM
FTE adjustment	29			26			12
Net income including income attributable to noncontrolling interest	162			101			60
Less: net income attributable to noncontrolling interest	8			5			60
Net income		$154			$96		60
Total revenue - FTE		$837			$803		4
Selected Average Balances
Total loans		$50,269			$46,997		7	%
Goodwill	2,592			2,598			—
Other intangible assets excluding MSRs	25			31			(19	)
Total assets	63,358			61,282			3
Consumer and commercial deposits	45,780			41,581			10
Performance Ratios
Efficiency ratio	61.59		%	66.50		%
Impact of excluding amortization of intangible assets	(2.09		)	(2.41		)
Tangible efficiency ratio	59.50		%	64.09		%
Other Information (End of Period) 3
Assets under administration
Managed (discretionary) assets		$55,367			$55,730		(1	)%
Non-managed assets	8,081			10,133			(20	)
Total assets under administration	63,448			65,863			(4	)
Brokerage assets	—			—			—
Corporate trust assets	—			—			—
Total assets under advisement		$63,448			$65,863		(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  Reflects the assets under administration/advisement for GenSpring and RidgeWorth clients. The Consumer Banking and Private Wealth Management segment includes additional assets under administration/advisement for Private Wealth Management clients.

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

24

SunTrust Banks, Inc. and Subsidiaries MORTGAGE BANKING (Dollars in millions)    (Unaudited)
	Three Months Ended March 31
	2012			2011			% Change
Statements of Income
Net interest income 1		$126			$120		5	%
FTE adjustment	—			—			—
Net interest income - FTE	126			120			5
Provision for credit losses 2	166			223			(26	)
Net interest income - FTE - after provision for credit losses	(40		)	(103		)	61
Noninterest income before securities gains/(losses)	157			81			94
Securities gains/(losses), net	—			—			—
Total noninterest income	157			81			94
Noninterest expense before amortization of intangible assets	334			248			35
Amortization of intangible assets	—			—			—
Total noninterest expense	334			248			35
Loss before benefit for income taxes	(217		)	(270		)	20
Benefit for income taxes	(85		)	(104		)	18
FTE adjustment	—			—			—
Net loss including income attributable to noncontrolling interest	(132		)	(166		)	20
Less: net income attributable to noncontrolling interest	—			—			—
Net loss		($132	)		($166	)	20
Total revenue - FTE		$283			$201		41
Selected Average Balances
Total loans		$30,796			$29,315		5	%
Goodwill	—			—			—
Other intangible assets excluding MSRs	—			—			—
Total assets	35,235			34,537			2
Consumer and commercial deposits	3,199			2,983			7
Performance Ratios
Efficiency ratio	117.93		%	123.46		%
Impact of excluding amortization of intangible assets	—			—
Tangible efficiency ratio	117.93		%	123.46		%
Other Information
Production Data
Channel mix
Retail		$4,187			$3,716		13	%
Wholesale	1,321			769			72
Correspondent	2,165			1,266			71
Total production		$7,673			$5,751		33
Channel mix - percent
Retail	55		%	65		%
Wholesale	17			13
Correspondent	28			22
Total production	100		%	100		%
Purchase and refinance mix
Refinance		$5,845			$4,077		43
Purchase	1,828			1,674			9
Total production		$7,673			$5,751		33
Purchase and refinance mix - percent
Refinance	76		%	71		%
Purchase	24			29
Total production	100		%	100		%
Applications		$16,676			$9,094		83
Mortgage Servicing Data (End of Period)
Total loans serviced		$155,351			$164,463		(6	)%
Total loans serviced for others	121,444			132,685			(8	)
Net carrying value of MSRs	1,070			1,538			(30	)
Ratio of net carrying value of MSRs to total loans serviced for others	0.881		%	1.159		%

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.

25

SunTrust Banks, Inc. and Subsidiaries CORPORATE OTHER (Dollars in millions) (Unaudited)
	Three Months Ended March 31
	2012			2011			% Change 3
Statements of Income
Net interest income		$122			$121		1	%
FTE adjustment	2			2			—
Net interest income - FTE	124			123			1
Provision for credit losses 1	(105		)	(124		)	15
Net interest income - FTE - after provision for credit losses	229			247			(7	)
Noninterest income before securities gains	(1		)	(9		)	89
Securities gains, net	18			64			(72	)
Total noninterest income	17			55			(69	)
Noninterest expense before amortization of intangible assets	(16		)	(20		)	20
Amortization of intangible assets	1			1			—
Total noninterest expense	(15		)	(19		)	21
Income - FTE - before provision for income taxes	261			321			(19	)
Provision for income taxes	90			113			(20	)
FTE adjustment	2			2			—
Net income including income attributable to noncontrolling interest	169			206			(18	)
Less: net income attributable to noncontrolling interest	2			2			—
Net income		$167			$204		(18	)
Total revenue - FTE		$141			$178		(21	)
Selected Average Balances
Total loans		$15			($6	)	NM
Securities available for sale	24,462			24,027			2
Goodwill	—			—			—
Other intangible assets excluding MSRs	3			3			—
Total assets	32,157			33,829			(5	)
Consumer and commercial deposits	55			171			(68	)
Other Information
Duration of investment portfolio	2.5		%	3.2		%
Accounting net interest income interest rate sensitivity 2:
% Change in net interest income under:
Instantaneous 100 bp increase in rates over next 12 months	2.0		%	(0.1		)%
Instantaneous 100 bp decrease in rates over next 12 months	(1.7		)%	(1.0		)%
Economic net interest income interest rate sensitivity 2:
% Change in net interest income under:
Instantaneous 100 bp increase in rates over next 12 months	1.7		%	(0.5		)%
Instantaneous 100 bp decrease in rates over next 12 months	(1.6		)%	(0.8		)%

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.

26

SunTrust Banks, Inc. and Subsidiaries

CONSOLIDATED - SEGMENT TOTALS

(Dollars in millions)    (Unaudited)

	Three Months Ended March 31
	2012			2011			% Change 1
Statements of Income
Net interest income		$1,311			$1,249		5	%
FTE adjustment	31			28			11
Net interest income - FTE	1,342			1,277			5
Provision for credit losses	317			447			(29	)
Net interest income - FTE - after provision for credit losses	1,025			830			23
Noninterest income before securities gains	858			819			5
Securities gains, net	18			64			(72	)
Total noninterest income	876			883			(1	)
Noninterest expense before amortization of intangible assets	1,530			1,454			5
Amortization of intangible assets	11			11			—
Total noninterest expense	1,541			1,465			5
Income - FTE - before provision for income taxes	360			248			45
Provision for income taxes	69			33			NM
FTE adjustment	31			28			11
Net income including income attributable to noncontrolling interest	260			187			39
Less: net income attributable to noncontrolling interest	10			7			43
Net income		$250			$180		39
Total revenue - FTE		$2,218			$2,160		3
Selected Average Balances
Total loans		$122,542			$115,162		6	%
Goodwill	6,344			6,323			—
Other intangible assets excluding MSRs	91			126			(28	)
Total assets	176,855			173,066			2
Consumer and commercial deposits	125,843			120,710			4
Performance Ratios
Efficiency ratio	69.50		%	67.83		%
Impact of excluding amortization of intangible assets	(0.48		)	(0.51		)
Tangible efficiency ratio	69.02		%	67.32		%
Other Information (End of Period)
Assets under administration
Managed (discretionary) assets		$103,134			$104,593		(1	)%
Non-managed assets	46,836			51,187			(9	)
Total assets under administration	149,970			155,780			(4	)
Brokerage assets	37,715			35,685			6
Corporate trust assets	11,761			10,429			13
Total assets under advisement		$199,446			$201,894		(1	)

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

27

EX-99.2

SunTrust Banks, Inc. 1Q 2012 Earnings Presentation April 23, 2012

2 Important Cautionary Statement The following should be read in conjunction with the financial statements, notes and other information contained in the Company’s 2011 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 future levels of or impact of mortgage repurchase demands, future levels of non-performing loans and net charge-offs, future levels of net interest income and net interest margin, and efficiency and cost-saving goals 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, 2011, and in other periodic reports that we file with the SEC. Those factors include: as one of the largest lenders in the Southeast and Mid-Atlantic U.S. and a provider of financial products and services to consumers and businesses across the U.S., our financial results have been, and may continue to be, materially affected by general economic conditions, particularly unemployment levels and home prices in the U.S., and a deterioration of economic conditions or of the financial markets may materially adversely affect our lending and other businesses and our financial results and condition; legislation and regulation, including the Dodd-Frank Act, as well as future legislation and/or regulation, could require us to change certain of our business practices, reduce our revenue, impose additional costs on us or otherwise adversely affect our business operations and/or competitive position; we are subject to capital adequacy and liquidity guidelines and, if we fail to meet these guidelines, our financial condition would be adversely affected; loss of customer deposits and market illiquidity could increase our funding costs; we rely on the mortgage secondary market and GSEs for some of our liquidity; we are subject to credit risk; our ALLL may not be adequate to cover our eventual losses; we may have more credit risk and higher credit losses to the extent our loans are concentrated by loan type, industry segment, borrower type, or location of the borrower or collateral; we will realize future losses if the proceeds we receive upon liquidation of nonperforming assets are less than the carrying value of such assets; a downgrade in the U.S. government's sovereign credit rating, or in the credit ratings of instruments issued, insured or guaranteed by related institutions, agencies or instrumentalities, could result in risks to us and general economic conditions that we are not able to predict; the failure of the European Union to stabilize the fiscal condition and creditworthiness of its weaker member economies, such as Greece, Portugal, Spain, Hungary, Ireland, and Italy, could have international implications potentially impacting global financial institutions, the financial markets, and the economic recovery underway in the U.S.; 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, and may be required to repurchase mortgage loans or indemnify mortgage loan purchasers as a result of breaches of representations and warranties, borrower fraud, or as a result of certain breaches of our servicing agreements, and this could harm our liquidity, results of operations, and financial condition; financial difficulties or credit downgrades of mortgage and bond insurers may adversely affect our servicing and investment portfolios; we may be terminated as a servicer or master servicer, be required to repurchase a mortgage loan or reimburse investors for credit losses on a mortgage loan, or incur costs, liabilities, fines and other sanctions if we fail to satisfy our servicing obligations, including our obligations with respect to mortgage loan foreclosure actions; 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 and practices; our mortgage production and servicing revenue can be volatile; 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 and liquidity; changes in interest rates could also reduce the value of our MSRs and mortgages held for sale, reducing our earnings; 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 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; a failure in or breach of our operational or security systems or infrastructure, or those of our third party vendors and other service providers, including as a result of cyber attacks, could disrupt our businesses, result in the disclosure or misuse of confidential or proprietary information, damage our reputation, increase our costs and cause losses; we rely on other companies to provide key components of our business infrastructure; the soundness of other financial institutions could adversely affect us; 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 might not pay dividends on your common stock; our ability to receive dividends from our subsidiaries could affect our liquidity and ability to pay dividends; disruptions in our ability to access global capital markets may adversely 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 may incur fines, penalties and other negative consequences from regulatory violations, possibly even inadvertent or unintentional violations; we depend on the expertise of key personnel, and if these individuals leave or change their roles without effective replacements, 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 framework for managing risks may not be effective in mitigating risk and loss to us; 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.

3 Earnings Balance Sheet Revenue Expenses Credit and Capital • Net income to common shareholders of $245 million; earnings per share of $0.46 • Meaningful increases from prior quarter and prior year driven by improved core performance • Average performing loans up 3% from 4Q 11 and 8% from 1Q 11 • Favorable lower-cost deposit trends continued; average DDA grew 4% from prior quarter and 25% from prior year • Net interest income up from prior quarter and prior year; net interest margin expanded 3 bps sequentially • Fee income increased from 4Q 11, driven by strong mortgage revenue; fee income stable to 1Q 11, despite lower debit interchange income • Expenses declined from 4Q 11 • Continued progress made on PPG Expense Program • All primary credit metrics again improved – NCOs down 11% sequentially • Tier 1 common ratio remained healthy at 9.30% (estimated) 1Q 12 Summary

4 ($ in millions, except per share data) Income Statement Highlights Financial Highlights Key Points EPS Up Meaningfully from Prior Quarter and Prior Year Prior Quarter Variance • EPS increase of $0.33  Revenue increase driven by higher net interest income and mortgage-related fee income  Expense decline primarily due to 4Q 11 accrual for potential mortgage servicing settlement and 1Q 12 decline in credit-related expenses, partially offset by seasonal increase in employee benefits Prior Year Variance • EPS increase of $0.38  Net interest income growth, primarily from improved deposit mix and pricing and loan growth  Improved credit quality / lower provision  Elimination of TARP preferred dividends  1Q 11 EPS included $0.14 non-cash charge associated with TARP redemption  Partially offset by higher expenses 1Q 11 4Q 11 1Q 12 Net Interest Income (FTE) $1,277 $1,324 $1,342 Noninterest Income 883 723 876 Total Revenue (FTE) 2,160 2,047 2,218 Provision for Credit Losses 447 327 317 Noninterest Expense 1,465 1,667 1,541 Net Income 180 74 250 Preferred Dividends and Other 142 3 5 Net Income to Common Shareholders $38 $71 $245 Net Income per Share $0.08 $0.13 $0.46

5 Net Interest Income Net Interest Income, FTE Key Points Both Net Interest Income and Margin Increased ($ in millions) Prior Quarter Variance • Net Interest Income increased $18 million, or 1%  Interest income declined $8 million due to lower loan yields  Interest expense declined $26 million as a result of lower customer deposit rates, DDA growth, and reduction in long-term debt • Net Interest Margin increased, as a decline in rates paid on interest-bearing liabilities more than offset lower loan yields Prior Year Variance • Net Interest Income grew $65 million, or 5%  Interest income was down modestly, as an increase in loans was offset by a reduction in interest-earning asset yields  Interest expense was down significantly, driven by DDA growth, lower customer deposit rates paid, and continued reduction in higher-cost funding $1,277 $1,286 $1,293 $1,324 $1,342 3.53% 3.53% 3.49% 3.46% 3.49% 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 Net Interest Income Net Interest Margin

6 $823 $861 $840 $739 $881 $60 $51 $63 ($16) ($5) 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 Adjusted Noninterest Income Adjustment Items¹ Noninterest Income Noninterest Income Key Points Noninterest Income Increased from 4Q 11 1. Please refer to the appendix for adjustment detail ($ in millions) Prior Quarter Variance • Noninterest Income increased $153 million, or 21%  Mortgage production income up $125 million due to higher production volume, wider gain on sale margins, and a decline in the mortgage repurchase provision  Mortgage servicing was $59 million higher due to improved net hedge performance and the 4Q 11 HARP 2.0-related MSR write-down of $38 million Prior Year Variance • Adjusted Noninterest Income improved by $58 million, or 7%  Mortgage production income up $64 million due to higher volume and gain on sale margins  Partially offset by lower card fees (due to debit interchange regulations) $883 $912 $903 $723 $876

7 Repurchase demands declined in 1Q 12 – variability in demands continued Summary Statistics Mortgage repurchase reserve increased as a result of new demands and timing of charge-offs 1. Includes estimates 2. Amount is an estimate and is included in the $97 billion of remaining UPB NOTE: Totals may not foot due to rounding Pending demands declined in 1Q 12 mostly driven by lower FNMA new demands Mortgage Repurchase Trends ($ in millions) 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 2005 & Prior $24 $21 $19 $21 $21 2006 78 79 84 123 101 2007 157 183 245 373 234 2008 44 43 80 100 65 2009 - 2011 9 22 13 20 26 Total $313 $348 $440 $636 $448 % Non-Agency 9% 5% 1% <1% 1% (approx.) ($ in millions) 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 Period-end Balance $363 $472 $490 $590 $564 % Non-Agency 10% 9% 6% 2% 2% (approx.) ($ in millions) 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 Beginning Balance $265 $270 $299 $282 $320 Additions 80 90 117 215 175 Charge-Offs (75) (61) (134) (177) (113) Ending Balance $270 $299 $282 $320 $383 Metric (2005 – 2012 vintages)1 Amount ($B) Sold UPB $223 Remaining UPB 97 Cumulative Repurchase Requests 5.5 Requests Resolved 4.9 Losses Recognized to Date 1.3 1Q 2012 Reserve 0.4 Income Statement Impact to Date 1.7 Memo: Non-Agency UPB 2 14.1

8 $1,466 $1,543 $1,561 $1,570 $1,531 ($1) ($1) ($1) $97 $10 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 Adjusted Noninterest Expense¹ Adjustment Items¹ Noninterest Expense Noninterest Expense ($ in millions) Key Points Expenses Down From Prior Quarter 1. Please refer to the appendix for adjustment detail Prior Quarter Variance • $126 million decrease in Noninterest Expense  4Q 11 included $120 million accrual for potential mortgage servicing settlement  1Q 12 declines in credit-related expenses, operating losses, and marketing  Employee compensation & benefits increased due to 4Q 11 gain from pension curtailment and year-end incentive compensation reduction, as well as 1Q 12 seasonal increase in employee benefits Prior Year Variance • Noninterest Expense increased $76 million  Employee compensation and operating losses increased  Partially offset by lower marketing and FDIC premiums $1,542 $1,465 $1,560 $1,667 $1,541

9 $51.4 $51.8 $52.5 $54.4 $55.2 $43.7 $43.0 $42.8 $43.4 $44.4 $16.1 $16.3 $17.0 $18.6 $20.1 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 Commercial Residential Consumer Loans Average Performing Loans Key Points Prior Quarter Variance • Performing loans grew $3.3 billion; continued growth in targeted categories • Commercial growth driven by $1.1 billion, or 2%, increase in C&I • Residential increased $1.0 billion, entirely due to Guaranteed Mortgages; Home Equity declined $0.2 billion, or 2% • Consumer loans increased $1.5 billion, or 8%; all Consumer categories increased (Student Loans up $1.3 billion due to 4Q 11 portfolio acquisition) Prior Year Variance • $8.6 billion, or 8%, growth in performing loans • Commercial increased $3.8 billion – C&I grew $5.4 billion, or 12%, while CRE and Commercial Construction declined $1.5 billion • Residential increased $0.8 billion due to a $2.2 billion increase in Guaranteed Mortgages; all other categories declined • Consumer increased $4.0 billion, or 25%, driven by a $2.9 billion increase in Student Loans, as well as growth in all other categories Average Performing Loans Up $3.3B, or 3%, from 4Q 11 NOTE: Totals may not foot due to rounding $112.2 $116.4 $111.1 $111.1 $119.7 ($ in billions)

10 $6.9 $2.1 $1.7 $1.4 $1.2 $1.1 $8.1 $4.1 $3.9 $3.8 $3.6 $3.4 $8.3 $5.9 $5.7 $5.5 $5.3 $5.2 4Q 08 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 Higher-risk Home Equity Products Higher-risk Mortgage Products Commercial Construction Balance Sheet De-risking Higher-risk Loans (period-end)1 Key Points • Higher-risk categories down $13.6 billion, or 58%, since 4Q 08 • Over the same time, government-guaranteed loans grew $10.8 billion, now totaling $13.6 billion Prior Quarter Variance • $0.4 billion, or 4%, decline in higher-risk loans, with declines evenly distributed among the major categories Prior Year Variance • $2.4 billion, or 20%, decline in higher-risk loans • Commercial Construction down $1.0 billion, or 49% • Higher-risk Mortgages down $0.7 billion, or 17%, primarily from Prime 2nds and Residential Construction • Higher-risk Home Equity down $0.7 billion, or 11%, primarily from High LTV Lines and HE Loans Continued Declines in Higher-risk Categories Offset by Growth in High Quality Loans 1. Higher-risk Mortgage products include Prime 2nds, Residential Construction, and Alt-A. Higher-risk Home Equity includes High LTV lines (includes Florida lines > 80% LTV and other lines > 90% LTV), Brokered Home Equity, and Home Equity Loans. Data includes performing and nonperforming loans 2. Includes government–guaranteed student and mortgage loans NOTE: Totals may not foot due to rounding Government-guaranteed Loans (period-end)2 ($ i n bi ll io n s ) ($ i n bi ll io n s ) $23.4 $12.1 $11.4 $10.7 $10.2 $9.7 $2.8 $9.0 $9.1 $9.8 $13.9 $13.6 4Q 08 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12

11 $3,971 $3,610 $3,239 $2,903 $2,649 $597 $494 $524 $489 $485 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 Nonperforming Loans Other Assets Credit Quality Improvement 30 - 89 Day Delinquencies Net Charge-offs1 Allowance for Loan and Lease Losses Continued Improvement in Key Metrics Nonperforming Assets1 ($ in millions) 1. During 1Q 12, $86 million of nonperforming residential mortgage loans were transferred to held for sale. A $26 million net charge-off was recognized, and the $60 million net balance of the loans held for sale is reflected in Other Assets in the chart above 2. Excludes guaranteed student, guaranteed mortgage and fair value loans from the denominator $3,134 $3,392 $4,104 $4,568 $3,763 $571 $505 $492 $472 $422 2.01% 1.76% 1.69% 1.57% 1.38% 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 Net Charge-offs NCOs to Avg. Loans (annualized) 1.15% 1.09% 1.04% 1.17% 1.04% 0.80% 0.73% 0.70% 0.68% 0.59% 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 Total Delinq. Delinq. Excl. Gov't Guar. 2.71% 2.61% 2.42% 2.27% 2.16% 2.49% 2.40% 2.22% 2.01% 1.92% 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 ALLL ($) ALLL Ratio Excl. Gov't Guar.² ALLL Ratio $2,854 $2,744 $2,600 $2,457 $2,348

12 $28.3 $29.8 $31.9 $34.1 $35.4 $25.4 $24.7 $24.0 $25.0 $25.3 $42.6 $42.9 $43.1 $42.8 $42.5 $4.3 $4.6 $4.6 $4.7 $4.9 $20.2 $19.9 $19.3 $18.5 $17.8 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 DDA NOW Money Market Savings Time Deposits Average Client Deposits Favorable Growth and Mix Trends Continued; DDA Largest Driver Prior Quarter Variance • Client Deposits grew $0.8 billion • Growth came entirely from lower-cost deposits, as the favorable shift in deposit mix continued  DDA up $1.3 billion, or 4%  NOW up $0.3 billion, or 1%  Time Deposits continued to decline, lower by $0.7 billion, or 4% Prior Year Variance • Client Deposits grew $5.1 billion, or 4% • Lower-cost deposits up $7.5 billion, or 7%  DDA increased $7.1 billion, or 25%  Savings up $0.6 billion, or 14% • Higher-cost Time Deposits declined $2.4 billion, or 12% ($ in billions) NOTE: Totals may not foot due to rounding $121.9 $120.7 $123.0 $125.1 $125.8 Key Points

13 Tier 1 Common1 Tangible Common Equity Ratio2 1. 1Q 12 is estimated 2. The tangible equity to tangible asset ratio was 7.87%, 8.07%, 8.38%, 8.10%, and 8.14% for the periods ending 1Q 11, 2Q 11, 3Q 11, 4Q 11, and 1Q 12, respectively 3. Book value per share was $35.49, $36.30, $37.29, $36.86, and $37.11 for the periods ending 1Q 11, 2Q 11, 3Q 11, 4Q 11, and 1Q 12, respectively Capital Ratios and Tangible Book Value per Share Expanded Tangible Book Value Per Share3 Capital Position $11.8 $12.0 $12.2 $12.3 $12.5 9.05% 9.22% 9.31% 9.22% 9.30% 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 Tier 1 Common ($B) Tier 1 Common Ratio 7.77% 7.96% 8.28% 7.93% 7.98% 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 $23.79 $24.57 $25.60 $25.18 $25.49 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12

14 PPG Expense Program $190 Million of Annualized Savings Realized, up from $75 Million in 4Q 11 Expected Savings Key Components Major Initiatives 1. Reflects annualized run rate savings expected to be realized at the end of 4Q 13 Consumer Bank Efficiencies Strategic Supply Management Operations and Support Staff 12/2013 100% of Goal $300MM¹ Actual, Annualized: 63% of savings realized 3/2012 $190MM Planning / Implementing Savings Being Realized Savings Fully Realized Discretionary Outsourcing Demand Mgt. Channel Optimization Alternative Channel Mgt. Sales & Service Productivity Consolidations & Shared Services Digital Technology Lean Process Design & Mgt.

15 New Segment Reporting Structure 1. Previously part of the Wealth & Investment Management line of business 2. Business Banking, which targets small business clients with revenue < $5 MM, was previously included in the Retail line of business Mortgage Banking Consumer Banking and Private Wealth Management Wholesale Banking Retail Banking Consumer Lending Credit Card Private Wealth Management1 Residential Mortgages Corporate and Investment Banking - Client revenue > $750 MM Diversified Commercial Banking - Client revenue < $750 MM2 - Not for Profit & Gov’t Agency Treasury & Payment Solutions Commercial Real Estate GenSpring and RidgeWorth1 43% 38% 13% 6% Corporate Other 1Q 12 Revenue Distribution Corporate Treasury Other

16 Earnings Balance Sheet Revenue Expenses Credit and Capital • Net income to common shareholders of $245 million; earnings per share of $0.46 • Meaningful increases from prior quarter and prior year driven by improved core performance • Average performing loans up 3% from 4Q 11 and 8% from 1Q 11 • Favorable lower-cost deposit trends continued; average DDA grew 4% from prior quarter and 25% from prior year • Net interest income up from prior quarter and prior year; net interest margin expanded 3 bps sequentially • Fee income increased from 4Q 11, driven by strong mortgage revenue; fee income stable to 1Q 11, despite lower debit interchange income • Expenses declined from 4Q 11 • Continued progress made on PPG Expense Program • All primary credit metrics again improved – NCOs down 11% sequentially • Tier 1 common ratio remained healthy at 9.30% (estimated) 1Q 12 Summary

17 Appendix

18 Securities Portfolio $2.6 21.2 0.5 0.5 0.3 3.0 $28.1 U.S. Treasury and Agencies MBS – Agency U.S. States and Subdivisions Asset – Backed Securities Private MBS and Corporate Other Other Equity Total AFS Securities Available for Sale ($ in billions, period-end balances) NOTE: Columns may not foot due to rounding 4Q 2011 1Q 2012 $ Change $2.0 21.0 0.4 0.4 0.3 3.2 $27.3 $(0.6) (0.2) (0.1) (0.1) - 0.2 $(0.8) High Quality and Liquid Portfolio

19 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 30 – 89 Day Delinquencies by Loan Class Excl. Gov’t. Guaranteed Loans Memo: ($ in millions) 1Q11 2Q11 3Q11 4Q11 1Q12 1Q12 LOAN BALANCE 30-89 Accruing Delinquencies Commercial & industrial 0.22 % 0.20 % 0.15 % 0.16 % 0.14 % $50,189 Commercial real estate 0.33 0.26 0.17 0.17 0.27 4,910 Commercial construction 0.47 0.63 0.11 0.60 0.24 1,086 Total Commercial 0.24 0.22 0.15 0.17 0.15 56,185 Residential mortgage - guaranteed - - - - - 6,447 Residential mortgage - nonguaranteed 1.63 1.45 1.46 1.39 1.28 23,653 Home equity products 1.46 1.44 1.39 1.29 1.10 15,472 Residential construction 2.94 2.28 2.06 2.24 2.38 924 Total Residential¹ 1.60 1.47 1.45 1.38 1.24 46,496 Guaranteed student loans - - - - - 7,186 Other direct 1.12 0.82 0.76 0.68 0.75 2,152 Indirect 0.68 0.58 0.60 0.65 0.36 10,145 Credit cards 2.04 1.86 1.59 1.33 1.05 527 Total Consumer² 0.79 0.66 0.67 0.68 0.45 20,010 Total SunTrust - excluding government guaranteed delinquencies 0.80 % 0.73 % 0.70 % 0.68 % 0.59 % $122,691 Total SunTrust - including government guaranteed delinquencies³ 1.15 % 1.09 % 1.04 % 1.17 % 1.04 % Decline in Delinquencies Accelerated

20 Nonperforming Loans by Loan Class 1. During 1Q 12, $86 million of nonperforming residential mortgage loans were transferred to held for sale NOTE: Columns may not foot due to rounding Memo: ($ in millions) 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 1Q 12 LOAN BALANCE Nonperforming Loans Commercial & industrial $585 $537 $479 $348 $337 $50,189 Commercial real estate 435 399 341 288 280 4,910 Commercial construction 843 627 385 290 198 1,086 Total Commercial loans 1,863 1,563 1,205 926 815 56,185 Residential mortgages - guaranteed - - - - - 6,447 Residential mortgages - nonguaranteed¹ 1,458 1,412 1,417 1,393 1,291 23,653 Home equity products 343 335 340 338 317 15,472 Residential construction 275 266 250 220 204 924 Total Residential Loans 2,076 2,013 2,007 1,951 1,812 46,496 Guaranteed student loans - - - - - 7,186 Other direct 11 9 7 6 6 2,152 Indirect 21 25 20 20 16 10,145 Credit cards - - - - - 527 Total Consumer loans 32 34 27 26 22 20,010 Total $3,971 $3,610 $3,239 $2,903 $2,649 $122,691 9% Sequential Quarter and 33% YOY Decline in Nonperforming Loans

21 Net Charge-off Ratios by Loan Class 1. During 1Q 12, $86 million of nonperforming residential mortgage loans were transferred to held for sale, and a $26 million net charge-off was recognized NOTE: Columns may not foot due to rounding Memo: ($ in millions) 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 1Q 12 LOAN BALANCE Net Charge-off %'s to Avg. Loans (ann'l.) Commercial Loans Commercial & industrial 0.44 % 0.66 % 0.47 % 0.61 % 0.36 % $50,189 Commercial real estate 1.42 2.72 1.69 2.84 2.42 4,910 Commercial construction 14.76 13.09 27.04 9.18 8.74 1,086 Total Commercial Loans 1.19 1.34 1.37 1.02 0.72 56,185 Residential Loans Residential mortgages - guaranteed - - - - - 6,447 Residential mortgages - nonguaranteed¹ 3.19 2.16 2.12 2.30 2.50 23,653 Home equity products 3.96 3.49 3.26 3.33 3.32 15,472 Residential construction 10.46 10.52 8.27 13.03 9.85 924 Total Residential Loans 3.37 2.65 2.47 2.63 2.57 46,496 Consumer Loans Guaranteed student loans - - - - - 7,186 Other direct 2.53 2.14 1.74 1.46 1.69 2,152 Indirect 0.56 0.44 0.50 0.52 0.33 10,145 Credit cards 8.68 7.78 5.81 4.82 4.83 527 Total Consumer Loans 0.89 % 0.71 % 0.66 % 0.58 % 0.48 % 20,010 Total 2.01 % 1.76 % 1.69 % 1.57 % 1.38 % $122,691 Net Charge-off Ratio Down Sequentially by 19 Basis Points

22 Net Charge-offs by Loan Class 1. During 1Q 12, $86 million of nonperforming residential mortgage loans were transferred to held for sale, and a $26 million net charge-off was recognized NOTE: Columns may not foot due to rounding Memo: ($ in millions) 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 1Q 12 LOAN BALANCE Net Charge-off $'s Commercial Loans Commercial & industrial $49 $75 $56 $75 $45 $50,189 Commercial real estate 21 40 23 38 30 4,910 Commercial construction 86 64 106 30 26 1,086 Total Commercial Loans 156 179 185 143 101 56,185 Residential Loans Residential mortgages - guaranteed - - - - - 6,447 Residential mortgages - nonguaranteed¹ 187 125 124 135 145 23,653 Home equity products 161 141 132 133 129 15,472 Residential construction 32 31 23 34 23 924 Total Residential Loans 380 297 279 302 297 46,496 Consumer Loans Guaranteed student loans - - - - - 7,186 Other direct 11 10 8 8 9 2,152 Indirect 13 10 12 13 8 10,145 Credit cards 11 9 8 6 7 527 Total Consumer Loans 35 29 28 27 24 20,010 Total $571 $505 $492 $472 $422 $122,691 11% Sequential Quarter and 26% YOY Decline in Net Charge-offs

23 Troubled Debt Restructuring (TDR) Composition Mortgage and Consumer Loans are 92% of Accruing TDRs; 89% 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 ons ) Prior Quarter Variance • Total TDRs declined 4% to $3.5 billion • Accruing balances declined 2% while nonaccruing dropped 11% Prior Year Variance • Total TDRs declined by 4%  The percentage of TDRs that are accruing increased to 79% in 1Q 12 from 73% in 1Q 11 NOTE: Columns may not foot due to rounding $2,643 $2,719 $2,824 $2,820 $2,750 $976 $923 $883 $802 $714 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 Accruing Nonaccruing $3,619 $3,642 $3,707 $3,622 $3,464 $2,286 $2,349 $2,441 $2,472 $2,438 $193 $207 $212 $187 $159 $92 $104 $109 $107 $87 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 Current 30-59 DLQ 60-89 DLQ

24 Noninterest Income Reconciliation 1. During 4Q 11, the Company refined its presentation of the mark on its fair value debt by excluding interest-related swaps NOTE: Columns may not foot due to rounding ($ in millions) 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 Total Noninterest Income $883 $912 $903 $723 $876 Adjustment Items: Securities Gains 64 32 2 19 18 Fair Market Value Adjustments (Trading Income) 14 (1) (17) (13) 2 STI Debt Valuation (Trading Income) 1 (20) 17 65 17 (16) SunTrust Index-linked CDs (SILC) (Trading Income) (11) 8 13 - (6) Auction Rate Securities (Trading Income) 16 4 (4) - (1) Fair Value Adjustments (Mortgage Production) (4) (9) 4 (1) (1) HARP 2.0 MSR Valuation Adjustment (Mtg. Servicing) - - - (38) - Total Adjustments 60 51 63 (16) (5) Adjusted Noninterest Income $823 $861 $840 $739 $881

25 Mortgage Repurchase - 2006-08 Vintage Data 1. Excludes loans sold servicing released. Such loans totaled approximately $36 billion at the time of origination. Estimated losses on these loans are captured in the mortgage repurchase reserve 2. Includes estimates 3. Includes estimates for delinquent loans sold servicing released NOTE: Columns may not foot due to rounding ($ in billions) Sold UPB 2006 2007 2008 2006-08 Agency $30.2 $40.8 $27.6 $98.6 Private Label 11.9 9.4 0.1 21.4 Total Sold UPB 42.1 50.1 27.7 120.0 Outstanding UPB Agency1 4.9 9.6 10.0 24.5 Private Label2 5.7 4.4 0.0 10.1 Total Outstanding UPB 10.6 14.0 10.0 34.6 Demands (Includes Never 120DPD) Received 1.7 2.6 0.5 4.8 Resolved 1.6 2.3 0.5 4.3 Pending 0.1 0.3 0.1 0.5 Demands Repurchased 0.8 1.4 0.3 2.4 Repurchase Rate -Life-to-date 52 % 59 % 58 % 57 % -Last Twelve Months 47 % 51 % 60 % 52 % Severity -Life-to-date 43 % 52 % 51 % 49 % -Last Twelve Months 60 % 60 % 51 % 59 % Delinquency Status Ever 120 Days Past Due3 $7.6 $10.8 $2.9 $21.4 Ever 120DPD/Sold UPB 18.2 % 21.5 % 10.6 % 17.8 % Demands/Ever 120DPD 22.3 % 24.0 % 18.2 % 22.6 %

26 Noninterest Expense Reconciliation ($ in millions) 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 Total Noninterest Expense $1,465 $1,542 $1,560 $1,667 $1,541 Adjustment Items: AHG Writedown (Other Exp.) - - - 10 - Gain on Debt Extinguishment (1) (1) (1) - - Pension Curtailment, Net of 401(k) Contribution (Employee Compensation and Benefits) - - - (60) - PPG Severance (Other Exp.) - - - 27 10 Potential Mortgage Servicing Settlement & Claims Expense - - - 120 - Total Adjustments (1) (1) (1) 97 10 Adjusted Noninterest Expense $1,466 $1,543 $1,561 $1,570 $1,531

27 Additional Noninterest Expense Disclosure Credit-related Expenses and Operating Losses NOTE: Columns may not foot due to rounding ($ in millions) 1Q 11 2Q 11 3Q 11 4Q11 1Q12 Credit & Collections (Other Exp.) $51 $60 $70 $93 $56 Other Real Estate (Other Exp.) 69 64 62 68 50 Total Credit-related Expenses $120 $124 $133 $161 $106 Operating Losses $27 $62 $72 $96 $60

28 Reconciliation of Non GAAP Measures Three Months Ended March 31 June 30 September 30 December 31 March 31 ($ in billions, except per share data) 2011 2011 2011 2011 2012 Total shareholders' equity $19.2 $19.7 $20.2 $20.1 $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 (1.6) (1.5) (1.1) (1.0) (1.1) MSRs 1.5 1.4 1.0 0.9 1.1 Tangible equity 12.9 13.4 13.9 13.8 14.0 Preferred stock (0.2) (0.2) (0.2) (0.3) (0.3) Tangible common equity 12.8 13.2 13.7 13.5 13.7 Total assets 170.8 172.2 172.6 176.9 178.2 Goodwill (6.3) (6.3) (6.3) (6.3) (6.3) Other intangible assets including MSRs (1.7) (1.5) (1.1) (1.0) (1.2) MSRs 1.5 1.4 1.0 0.9 1.1 Tangible assets 164.3 165.7 166.1 170.4 171.8 Tangible equity to tangible assets 7.87 % 8.07 % 8.38 % 8.10 % 8.14 % Tangible common equity to tangible assets 7.77 % 7.96 % 8.28 % 7.93 % 7.98 % Tangible book value per common share $23.79 $24.57 $25.60 $25.18 $25.49