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): July 20, 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 July 20, 2012, SunTrust Banks, Inc. (the “Registrant”) announced financial results for the period ended June 30, 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 July 20, 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 July 20, 2012 (furnished with the Commission as a part of this Form 8-K).
99.2	Presentation materials dated July 20, 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: July 20, 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

July 20, 2012

SunTrust Reports Second Quarter 2012 Results

Core Performance Momentum Continues, Drives Earnings Per Share of $0.50

ATLANTA -- SunTrust Banks, Inc. (NYSE: STI) today reported net income available to common shareholders of $270 million, or $0.50 per average common share, for the second quarter of 2012. Earnings per average common share increased by $0.04 from the first quarter of 2012 and by $0.17 from the second quarter of 2011. For the first half of 2012, SunTrust earned $0.96 per share compared to $0.41 per share earned in the same period last year.

“We delivered another quarter of improved results marked by solid noninterest income growth and increased average performing loan balances, which were up nearly $10 billion from the second quarter of last year,” said William H. Rogers, Jr., chairman and chief executive officer of SunTrust Banks, Inc. "We remain focused on executing our strategies to drive better core performance and efficiency across the organization."

Second Quarter 2012 Financial Highlights

Income Statement

• Continued improvement in core business fundamentals helped drive net income available to common shareholders of $270 million.

• Revenue grew 1% and 2% compared to the prior quarter and the second quarter of 2011, respectively.

• Net interest income declined 3%, and the net interest margin declined ten basis points compared to the first quarter of 2012, primarily as a result of the anticipated reduction in swap-related interest income. Compared to the second quarter of 2011, net interest income increased 2% primarily due to higher loan balances and favorable trends in deposit mix and pricing.

• Noninterest income increased 7% and 3% compared to the prior quarter and the second quarter of 2011, respectively, due primarily to higher mortgage production income as strong production volumes continued through the quarter.

• Noninterest expense was relatively unchanged from the prior quarter and the second quarter of 2011. The current quarter included a $13 million non-cash debt extinguishment charge related to the previously announced redemption of higher cost trust preferred securities.

Balance Sheet

• As a result of targeted loan growth, average performing loans increased $1.1 billion over the prior quarter and $9.7 billion compared to the second quarter of 2011, while certain real estate-related loan portfolios continued to decline.

• Average client deposits remained steady at the record levels achieved in the prior quarter, and favorable mix trends continued. Average demand deposits increased 3% and 23% on a sequential quarter and prior year basis, respectively.

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Capital

• Estimated capital ratios continue to be well above current regulatory requirements. The Tier 1 common equity ratio increased to 9.40%.

• In its revised capital plan submission in conjunction with the 2012 CCAR process, the Company elected to not request any incremental return of capital due to the close proximity of the resubmission to the 2013 CCAR process, which is expected to commence in the fourth quarter of 2012.

Asset Quality

• Improvement in all primary credit metrics:

◦ Net charge-offs declined 17% compared with the prior quarter; the annualized net charge-off ratio was 1.14%, lower by 24 basis points compared to the prior quarter and 62 basis points lower than the second quarter of 2011.

◦ Nonperforming loans declined 7% sequentially and were 1.97% of total loans as of quarter end compared to 3.14% a year ago.

◦ Early stage delinquencies declined seven basis points sequentially as a result of improvements in the residential loan portfolio.

• Provision for credit losses declined 5% and 23% compared to the prior quarter and second quarter of 2011, respectively. The allowance for loan losses was $2.3 billion, or 1.85% of total loans.

Income Statement (presented on a fully taxable-equivalent basis)	2Q 2011			1Q 2012			2Q 2012
(Dollars in millions, except per share data)
Net income		$178			$250			$275
Net income available to common shareholders	174			245			270
Earnings per average common diluted share	0.33			0.46			0.50
Total revenue	2,198			2,218			2,246
Total revenue, excluding net securities gains/losses	2,166			2,200			2,232
Net interest income	1,286			1,342			1,306
Provision for credit losses	392			317			300
Noninterest income	912			876			940
Noninterest expense	1,542			1,541			1,546
Net interest margin	3.53		%	3.49		%	3.39		%
Balance Sheet
(Dollars in billions)
Average loans		$114.9			$122.5			$123.4
Average consumer and commercial deposits	121.9			125.8			125.9
Capital
Tier 1 capital ratio(1)	11.11		%	11.00		%	10.15		%
Tier 1 common equity ratio(1)	9.22		%	9.33		%	9.40		%
Total average shareholders’ equity to total average assets	11.44		%	11.45		%	11.51		%
Asset Quality
Net charge-offs to average loans (annualized)	1.76		%	1.38		%	1.14		%
Allowance for loan losses to period end loans	2.40		%	1.92		%	1.85		%
Nonperforming loans to total loans	3.14		%	2.16		%	1.97		%

 (1) Current period Tier 1 capital and Tier 1 common equity ratios are estimated as of the date of this news release and include the effect of the trust preferred securities redemption on July 11, 2012.

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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 second quarter of 2012, an increase of $28 million from the prior quarter and $48 million higher than the second quarter of 2011. Net gains from the sales of securities were $14 million for the second quarter of 2012 compared to $18 million for the first quarter of 2012 and $32 million for the second quarter of 2011. Excluding net securities gains, total revenue increased 1% and 3% compared to the first quarter of 2012 and second quarter of 2011, respectively. The increase in revenue was predominantly due to higher mortgage-related revenue.

For the six months ended June 30, 2012, total revenue, excluding securities gains and losses, was $4.4 billion, up 4% over the first six months of 2011. The increase was driven by higher mortgage-related revenue and higher net interest income, partially offset by a decline in card fees.

Net Interest Income

For the second quarter of 2012, net interest income was $1,306 million compared to $1,342 million for the prior quarter and $1,286 million for the second quarter of 2011. The 3% decline from the first quarter of 2012 was largely driven by the reduction in income derived from previously terminated interest rate swaps utilized to manage interest rate risk on commercial loans. The 2% increase in net interest income compared to the second quarter of 2011 was due to higher average loan balances, the favorable shift in the deposit mix toward lower-cost accounts, and lower rates paid on interest-bearing deposits and long-term debt, which was partially offset by lower yields on average earning assets.

Net interest margin for the second quarter of 2012 was 3.39%, a decline of 10 basis points from the first quarter of 2012 and a decline of 14 basis points from the second quarter of 2011. On a sequential quarter basis, the decline was primarily driven by the reduction in swap income, which was the primary contributor to the 11 basis point decline in earning assets yields, while rates paid on interest-bearing liabilities remained relatively stable. Compared to the second quarter of 2011, the decline in the net interest margin was primarily due to a 40 basis point decline in loan yields, the result of the continued low interest rate environment. The decline in loan yields was partially offset by a 24 basis point decline in interest-bearing liabilities due to lower rates paid on deposits, primarily due to the shift towards lower-cost accounts, and lower long-term debt rates.

For the six months ended June 30, 2012, net interest income was $2,648 million in 2012 compared to $2,563 million in 2011, an increase of $85 million, or 3%. Net interest margin was 3.44% in 2012 compared to 3.53% in 2011. The primary drivers of the increase in net interest income and the decline in net interest margin are consistent with those described in the quarterly comparisons.

Noninterest Income

Total noninterest income was $940 million for the second quarter of 2012 compared to $876 million for the first quarter of 2012 and $912 million for the second quarter of 2011. The $64 million sequential quarter increase was driven by higher mortgage production-related revenue and increases in multiple other consumer and commercial noninterest income categories, partially offset by lower mortgage servicing revenue. The increase of $28 million over the second quarter of 2011 was attributable to higher mortgage production-related revenue and higher trading income, partially offset by lower securities gains, investment banking income, and card fees.

Mortgage production income was $103 million for the second quarter of 2012, compared to $63 million for the first quarter of 2012 and $4 million for the second quarter of 2011. The $40 million sequential quarter increase was predominantly driven by $18 million in net gains from the sale of government guaranteed mortgages and a $20 million decrease in the mortgage repurchase provision. As of June 30, 2012, the reserve for mortgage repurchases totaled $434 million, an increase of $51 million from the prior quarter. The reserve increased due to the continued relatively high level of repurchase demands received during the quarter and the timing of demand resolution. Compared to the second quarter of 2011, mortgage production income increased $99 million, primarily due to higher loan production and increased gain on sale margins, partially offset by a $65 million increase in the mortgage repurchase provision.

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Mortgage loan production volume increased 8% on a sequential quarter basis due to an increase in home purchase activity. Production volume increased 76% over the second quarter of 2011 due to the low mortgage interest rate environment and the HARP 2.0 program.

Mortgage servicing income was $70 million for the second quarter of 2012 compared to $81 million for the prior quarter and $72 million for the second quarter of 2011. The $11 million sequential quarter decline was due to less favorable hedge performance than in the prior quarter. The mortgage servicing portfolio was $153 billion at the end of the second quarter of 2012 compared to $163 billion at June 30, 2011.

Card fees were $66 million for the second quarter of 2012, compared to $61 million for the prior quarter and $105 million for the second quarter of 2011. The 8% sequential quarter increase was due to increased transaction volume, while the 37% 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.

Investment banking income was $75 million for the second quarter of 2012 compared to $71 million for the prior quarter and $95 million for the second quarter of 2011. The sequential quarter increase was due to higher bond origination fees, partially offset by lower syndicated finance fees. The decline relative to the second quarter of 2011 was attributable to lower syndicated finance fee income, partially offset by increased bond origination and M&A transaction fee income.

Trading income was $70 million for the second quarter of 2012 compared to $57 million for the prior quarter and $53 million for the second quarter of 2011. The $13 million sequential quarter increase was primarily attributable to a $20 million decline in mark-to-market losses on the Company's fair value debt and index-linked CDs during the current quarter. The $17 million increase in trading income compared to the second quarter of 2011 was largely driven by higher core trading income due to improved market conditions.

For the six months ended June 30, 2012, noninterest income was $1,816 million in 2012 and $1,795 million in 2011. The $21 million, or 1%, increase was primarily driven by higher mortgage-related income, partially offset by lower securities gains and lower card fees.

Noninterest Expense

Noninterest expense was $1,546 million for the second quarter of 2012 and was relatively flat compared to $1,541 million for the first quarter of 2012 and $1,542 million for the second quarter of 2011. On a sequential quarter basis, the seasonal decline in employee benefits expense was offset by increases in credit-related and other operating expenses, as well as $13 million in non-cash charges associated with the previously announced redemption of higher cost trust preferred securities. Compared to the second quarter of 2011, increases in personnel costs, outside processing expenses, and the aforementioned debt extinguishment loss were offset by decreases in FDIC assessment premiums, marketing expenses, and credit-related expenses. As of the end of the current quarter, $250 million in annualized expenses had been eliminated from the Company's expense base through the Playbook for Profitable Growth program, compared to the $300 million goal expected to be achieved by year end 2013.

Employee compensation and benefits expense declined $35 million from the prior quarter, primarily attributable to seasonally higher 401(k) and payroll taxes in the prior quarter. The $14 million, or 2%, increase in employee compensation and benefits expense compared to the second quarter of 2011 was due to improved business performance and modest annual merit increases.

Credit-related expenses, which are included in other noninterest expense and comprised of other real estate-related expenses and credit and collection costs, increased $7 million on a sequential quarter basis due to accruals for anticipated tax and insurance payments on delinquent mortgage loans. Credit-related expenses declined $11 million compared to the second quarter of 2011 due to lower losses recognized on OREO during the current quarter.

Operating losses increased by $9 million and $7 million from the prior quarter and the second quarter of 2011, respectively. The increase in both periods was driven by litigation-related expenses as well as operating losses associated with mortgage-related activities.

Compared to the second quarter of 2011, FDIC premiums and regulatory assessments declined $21 million, and marketing and customer development declined $14 million due to reduced advertising spending.

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For the six months ended June 30, 2012, noninterest expense was $3.1 billion compared to $3.0 billion in 2011. The $80 million, or 3%, increase was due to increases in: employee compensation, largely driven by improved business performance, operating losses associated primarily with mortgage-related activities, and outside processing and software costs. These increases were partially offset by declines in marketing and customer development expenses and a decline in FDIC premiums and regulatory assessments.

Income Taxes

For the second quarter of 2012, the Company recorded an income tax provision of $91 million compared to $69 million for the first quarter of 2012 and $58 million for the second quarter of 2011. The effective tax rate was 25% for the second quarter of 2012 compared to 22% for the first quarter of 2012 and 24% for the second 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.

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 six months ended June 30, 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 June 30, 2012, the Company had total assets of $178.3 billion and shareholders’ equity of $20.6 billion, representing 11.5% of total assets. Both book value and tangible book value per common share increased during the quarter and were $37.69 and $26.02, respectively, as of June 30, 2012.

Loans

Average loans for the second quarter of 2012 were $123.4 billion, compared to average loans of $122.5 billion and $114.9 billion during the first quarter of 2012 and second quarter of 2011, respectively. On a sequential quarter basis, the $0.8 billion, or 1%, growth was concentrated in commercial & industrial loans, which increased $1.3 billion, and high credit quality, non-guaranteed mortgage loans, which increased $761 million. This was partially offset by a decrease of $625 million in government-guaranteed mortgage loans, primarily due to the sale of approximately $500 million of such loans that occurred during the current quarter. Average loans increased $8.4 billion, or 7%, over the second quarter of 2011. Growth was driven by targeted loan categories, including commercial & industrial and government-guaranteed student and residential mortgage loans, which increased by $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 improvement in the risk profile of the loan portfolio. As of June 30, 2012, 10% of the Company’s loan portfolio was comprised of government-guaranteed loans, up from 8% at the end of the second quarter of 2011.

Deposits

Average consumer and commercial deposits for the second quarter of 2012 were $125.9 billion compared to $125.8 billion and $121.9 billion for the first quarter of 2012 and second quarter of 2011, respectively. The favorable shift in the deposit mix toward lower cost accounts continued during the quarter, with a $1.2 billion, or 3%, increase in demand deposits and a $0.3 billion, or 6%, increase in savings accounts. These were largely offset by a $650 million, or 4%, decline in time deposits and a $539 million, or 1%, decline in money market account deposits.

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Compared to the second quarter of 2011, average consumer and commercial deposits increased $4.0 billion, or 3%. Average demand deposits increased $6.8 billion, or 23%, and savings accounts increased $0.6 billion, or 13%. Time deposits declined $2.7 billion, or 14%, and money market account deposits declined $0.9 billion, or 2%.

Capital and Liquidity

The Company’s estimated capital ratios are well above regulatory requirements with Tier 1 capital and Tier 1 common ratios estimated at 10.15% and 9.40%, respectively. The Company redeemed $38 million of trust preferred securities during the second quarter and also announced plans to redeem an additional $1.2 billion, which it subsequently completed in July. As a result of the announcement of these redemptions, these instruments no longer qualified for Tier 1 capital as of the end of the second quarter, which accounted for 90 basis points of the decline in the estimated Tier 1 capital ratio from the prior quarter. The ratios of total average equity to total average assets and tangible equity to tangible assets were 11.51% and 8.31%, respectively, as of June 30, 2012.

The aforementioned trust preferred securities redemptions were included as part of the Company's capital plan submitted to the Federal Reserve in January 2012 in conjunction with the Comprehensive Capital Assessment Review (CCAR) process. Upon completing its review of the Company's capital plan in March 2012, the Federal Reserve did not object to the trust preferred redemptions or to the Company retaining its current common stock dividend. Because the Federal Reserve objected to other proposed capital actions, the Company was required to submit a revised capital plan, which it did in June 2012. In the revised submission, the Company elected to not request an increase in the current level of its common dividend or any other return of capital, due to the close proximity of the resubmission to the 2013 CCAR process, which is expected to commence in the fourth quarter of 2012 and will provide the Company an opportunity to consider future capital deployment alternatives.

The Company continues to have substantial available liquidity provided in the form of its client deposit base and other available funding resources, as well as the portfolio 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 again this quarter and totaled $2.5 billion as of June 30, 2012. Relative to the first quarter of 2012, the $191 million, or 7%, decline occurred across all loan categories, most prominently in commercial construction, residential construction, and commercial real estate loans. During the second quarter, the Company sold the nonperforming residential loans that were moved to held for sale during the prior quarter; the sales price was similar to the carrying value of these loans as of March 31, 2012. Compared to June 30, 2011, nonperforming loans declined $1.2 billion, or 32%, with declines across all loan categories, most significantly in commercial loans and non-guaranteed mortgages. At the end of the second quarter of 2012, the percentage of nonperforming loans to total loans was 1.97%, down by 19 and 117 basis points from the first quarter of 2012 and second quarter of 2011, respectively. Other real estate owned totaled $331 million at the end of the current quarter, down 19% on a sequential quarter basis and down 31% since June 30, 2011.

Net charge-offs were $350 million in the current quarter compared to $422 million for the prior quarter and $505 million for the second quarter of 2011. The sequential quarter decline was largely driven by nonguaranteed mortgages, home equity, and commercial real estate. The prior year decline was widespread across loan categories, most notably in commercial & industrial, commercial construction, and home equity. The ratio of annualized net charge-offs to total average loans was 1.14%, a reduction of 24 basis points and 62 basis points from the first quarter of 2012 and second quarter of 2011, respectively. The provision for credit losses was $300 million, down by $17 million and $92 million from the prior quarter and the second quarter of 2011, respectively.

As of June 30, 2012, the allowance for loan losses was $2.3 billion and represented 1.85% of total loans, down seven basis points from March 31, 2012. The $48 million decline in the allowance for loan losses during the second quarter of 2012 was reflective of the continued improvement in asset quality, partially offset by growth in the loan portfolio.

Early stage delinquencies decreased seven basis points to 0.97% from the end of the first quarter of 2012. The

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decline was primarily due to improvement in the residential portfolio, driven by non-guaranteed residential mortgages, home equity products, and construction loans. Excluding government-guaranteed loans, early stage delinquencies were 0.51%, a decline of eight basis points from March 31, 2012.

Accruing restructured loans totaled $2.7 billion, and nonaccruing restructured loans totaled $0.7 billion as of June 30, 2012, both declining modestly from the prior quarter. $3.0 billion of restructured loans related to residential loans, while $0.3 billion were commercial loans.

LINE OF BUSINESS FINANCIAL PERFORMANCE

Line of Business Results

The Company has included line of business financial tables as part of this release on the Investor Relations portion of its website at www.suntrust.com/investorrelations. The Company’s business segments 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 July 20, 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: 2Q12). Individuals calling from outside the United States should dial 1-517-308-9091 (Passcode: 2Q12). A replay of the call will be available approximately one hour after the call ends on July 20, 2012, and will remain available until August 20, 2012, by dialing 1-800-239-4590 (domestic) or 1-402-220-9698 (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 July 20, 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.

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Important Cautionary Statement About Forward-Looking Statements

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

This news release 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

8

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.

9

SunTrust Banks, Inc. and Subsidiaries

FINANCIAL HIGHLIGHTS

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

	Three Months Ended June 30						%		Six Months Ended June 30						%
	2012			2011			Change 4		2012			2011			Change 4
EARNINGS & DIVIDENDS
Net income		$275			$178		54	%		$525			$358		47	%
Net income available to common shareholders	270			174			55		515			212			NM
Total revenue - FTE 1, 2	2,246			2,198			2		4,464			4,358			2
Total revenue - FTE excluding securities gains, net 1, 2	2,232			2,166			3		4,432			4,262			4
Net income per average common share
Diluted	0.50			0.33			52		0.96			0.41			NM
Diluted excluding effect of accelerated accretion associated with repurchase of preferred stock issued to the U.S. Treasury 1	0.50			0.33			52		0.96			0.55			75
Basic	0.51			0.33			55		0.97			0.41			NM
Dividends paid per common share	0.05			0.01			NM		0.10			0.02			NM
CONDENSED BALANCE SHEETS
Selected Average Balances
Total assets		$177,915			$170,527		4	%		$177,385			$171,789		3	%
Earning assets	154,890			145,985			6		154,757			146,383			6
Loans	123,365			114,920			7		122,954			115,040			7
Consumer and commercial deposits	125,885			121,879			3		125,864			121,298			4
Brokered time and foreign deposits	2,243			2,340			(4	)	2,258			2,472			(9	)
Total shareholders’ equity	20,472			19,509			5		20,364			21,298			(4	)
As of
Total assets	178,257			172,173			4
Earning assets	153,939			146,367			5
Loans	124,560			114,913			8
Allowance for loan and lease losses	2,300			2,744			(16	)
Consumer and commercial deposits	126,145			121,671			4
Brokered time and foreign deposits	2,258			3,250			(31	)
Total shareholders’ equity	20,568			19,660			5
FINANCIAL RATIOS & OTHER DATA
Return on average total assets	0.62		%	0.42		%	48	%	0.59		%	0.42		%	40	%
Return on average common shareholders’ equity	5.37			3.61			49		5.16			2.28			NM
Net interest margin 2	3.39			3.53			(4	)	3.44			3.53			(3	)
Efficiency ratio 2	68.83			70.17			(2	)	69.17			69.01			—
Tangible efficiency ratio 1, 2	68.33			69.64			(2	)	68.67			68.49			—
Effective tax rate	24.85			24.45			2		23.31			20.21			15
Tier 1 common equity 3	9.40			9.22			2
Tier 1 capital 3	10.15			11.11			(9	)
Total capital 3	12.80			14.01			(9	)
Tier 1 leverage 3	8.15			8.92			(9	)
Total average shareholders’ equity to total average assets	11.51			11.44			1		11.48			12.40			(7	)
Tangible equity to tangible assets 1	8.31			8.07			3
Book value per common share		$37.69			$36.30		4
Tangible book value per common share 1	26.02			24.57			6
Market price:
High	24.83			30.13			(18	)	24.93			33.14			(25	)
Low	20.96			24.63			(15	)	18.07			24.63			(27	)
Close	24.23			25.80			(6	)	24.23			25.80			(6	)
Market capitalization	13,045			13,852			(6	)
Average common shares outstanding (000s)
Diluted	537,495			535,416			—		536,951			519,548			3
Basic	533,964			531,792			—		533,532			515,819			3
Full-time equivalent employees	28,324			29,235			(3	)
Number of ATMs	2,906			2,919			—
Full service banking offices	1,641			1,661			(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
	June 30     2012			March 31     2012			December 31     2011			September 30     2011			June 30    2011
EARNINGS & DIVIDENDS
Net income		$275			$250			$74			$215			$178
Net income available to common shareholders	270			245			71			211			174
Total revenue - FTE 1, 2	2,246			2,218			2,047			2,196			2,198
Total revenue - FTE excluding securities gains, net 1, 2	2,232			2,200			2,028			2,194			2,166
Net income per average common share
Diluted	0.50			0.46			0.13			0.39			0.33
Basic	0.51			0.46			0.13			0.40			0.33
Dividends paid per common share	0.05			0.05			0.05			0.05			0.01
CONDENSED BALANCE SHEETS
Selected Average Balances
Total assets		$177,915			$176,855			$174,085			$172,076			$170,527
Earning assets	154,890			154,623			151,561			146,836			145,985
Loans	123,365			122,542			119,474			115,638			114,920
Consumer and commercial deposits	125,885			125,843			125,072			122,974			121,879
Brokered time and foreign deposits	2,243			2,274			2,293			2,312			2,340
Total shareholders’ equity	20,472			20,256			20,208			20,000			19,509
As of
Total assets	178,257			178,226			176,859			172,553			172,173
Earning assets	153,939			154,950			154,696			148,991			146,367
Loans	124,560			122,691			122,495			117,475			114,913
Allowance for loan and lease losses	2,300			2,348			2,457			2,600			2,744
Consumer and commercial deposits	126,145			127,718			125,611			123,933			121,671
Brokered time and foreign deposits	2,258			2,314			2,311			2,318			3,250
Total shareholders’ equity	20,568			20,241			20,066			20,200			19,660
FINANCIAL RATIOS & OTHER DATA
Return on average total assets	0.62		%	0.57		%	0.17		%	0.50		%	0.42		%
Return on average common shareholders’ equity	5.37			4.94			1.41			4.23			3.61
Net interest margin 2	3.39			3.49			3.46			3.49			3.53
Efficiency ratio 2	68.83			69.50			81.45			71.05			70.17
Tangible efficiency ratio 1, 2	68.33			69.02			80.99			70.55			69.64
Effective tax rate 4	24.85			21.55			NM			17.33			24.45
Tier 1 common equity 3	9.40			9.33			9.22			9.31			9.22
Tier 1 capital 3	10.15			11.00			10.90			11.10			11.11
Total capital 3	12.80			13.73			13.67			13.91			14.01
Tier 1 leverage 3	8.15			8.77			8.75			8.90			8.92
Total average shareholders’ equity to total average assets	11.51			11.45			11.61			11.62			11.44
Tangible equity to tangible assets 1	8.31			8.14			8.10			8.38			8.07
Book value per common share		$37.69			$37.11			$36.86			$37.29			$36.30
Tangible book value per common share 1	26.02			25.49			25.18			25.60			24.57
Market price:
High	24.83			24.93			21.31			26.52			30.13
Low	20.96			18.07			15.79			16.51			24.63
Close	24.23			24.17			17.70			17.95			25.80
Market capitalization	13,045			13,005			9,504			9,639			13,852
Average common shares outstanding (000s)
Diluted	537,495			536,407			535,717			535,395			535,416
Basic	533,964			533,100			532,146			531,928			531,792
Full-time equivalent employees	28,324			28,615			29,182			29,483			29,235
Number of ATMs	2,906			2,914			2,899			2,889			2,919
Full service banking offices	1,641			1,651			1,659			1,658			1,661

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					Six Months Ended					Increase/(Decrease) 2
	June 30										June 30
	2012		2011			Amount			%		2012		2011			Amount			%
Interest income		$1,492		$1,546			($54	)	(3	)%		$3,026		$3,100			($74	)	(2	)%
Interest expense	218		287			(69		)	(24	)	441		592			(151		)	(26	)
NET INTEREST INCOME	1,274		1,259			15			1		2,585		2,508			77			3
Provision for credit losses	300		392			(92		)	(23	)	617		839			(222		)	(26	)
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	974		867			107			12		1,968		1,669			299			18
NONINTEREST INCOME
Service charges on deposit accounts	167		170			(3		)	(2	)	332		333			(1		)	—
Trust and investment management income	130		135			(5		)	(4	)	260		270			(10		)	(4	)
Retail investment services	62		59			3			5		120		117			3			3
Other charges and fees	130		130			—			—		245		256			(11		)	(4	)
Investment banking income	75		95			(20		)	(21	)	147		162			(15		)	(9	)
Trading income	70		53			17			32		127		105			22			21
Card fees	66		105			(39		)	(37	)	127		205			(78		)	(38	)
Mortgage production related income	103		4			99			NM		166		3			163			NM
Mortgage servicing related income	70		72			(2		)	(3	)	151		144			7			5
Other noninterest income	53		57			(4		)	(7	)	109		104			5			5
Net securities gains	14		32			(18		)	(56	)	32		96			(64		)	(67	)
Total noninterest income	940		912			28			3		1,816		1,795			21			1
NONINTEREST EXPENSE
Employee compensation and benefits	762		748			14			2		1,560		1,502			58			4
Net occupancy expense	88		89			(1		)	(1	)	176		178			(2		)	(1	)
Outside processing and software	180		162			18			11		356		320			36			11
Equipment expense	46		44			2			5		91		88			3			3
Marketing and customer development	32		46			(14		)	(30	)	59		84			(25		)	(30	)
Amortization of intangible assets	11		12			(1		)	(8	)	22		23			(1		)	(4	)
Net loss/(gain) on extinguishment of debt	13		(1		)	14			NM		13		(2		)	15			NM
Operating losses	69		62			7			11		129		89			40			45
FDIC premium/regulatory exams	60		81			(21		)	(26	)	111		152			(41		)	(27	)
Other noninterest expense	285		299			(14		)	(5	)	570		573			(3		)	(1	)
Total noninterest expense	1,546		1,542			4			—		3,087		3,007			80			3
INCOME BEFORE PROVISION FOR INCOME TAXES	368		237			131			55		697		457			240			53
Provision for income taxes	91		58			33			57		160		91			69			76
INCOME INCLUDING INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	277		179			98			55		537		366			171			47
Net income attributable to noncontrolling interest	2		1			1			100		12		8			4			50
NET INCOME		$275		$178			$97		54	%		$525		$358			$167		47	%
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS		$270		$174			$96		55	%		$515		$212			$303		NM
Net interest income - FTE 1	1,306		1,286			20			2		2,648		2,563			85			3
Net income per average common share
Diluted	0.50		0.33			0.17			52		0.96		0.41			0.55			NM
Basic	0.51		0.33			0.18			55		0.97		0.41			0.56			NM
Cash dividends paid per common share	0.05		0.01			0.04			NM		0.10		0.02			0.08			NM
Average common shares outstanding (000s)
Diluted	537,495		535,416			2,079			—		536,951		519,548			17,403			3
Basic	533,964		531,792			2,172			—		533,532		515,819			17,713			3

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
	June 30		March 31		Increase/(Decrease) 2					December 31			September 30			June 30
	2012		2012		Amount			%		2011			2011			2011
Interest income		$1,492		$1,534		($42	)	(3	)%		$1,543			$1,538			$1,546
Interest expense	218		223		(5		)	(2	)	249			275			287
NET INTEREST INCOME	1,274		1,311		(37		)	(3	)	1,294			1,263			1,259
Provision for credit losses	300		317		(17		)	(5	)	327			347			392
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	974		994		(20		)	(2	)	967			916			867
NONINTEREST INCOME
Service charges on deposit accounts	167		164		3			2		176			176			170
Trust and investment management income	130		130		—			—		127			134			135
Retail investment services	62		59		3			5		55			58			59
Other charges and fees	130		115		15			13		121			130			130
Investment banking income	75		71		4			6		87			68			95
Trading income	70		57		13			23		77			66			53
Card fees	66		61		5			8		62			104			105
Mortgage production related income/(loss)	103		63		40			63		(62		)	54			4
Mortgage servicing related income	70		81		(11		)	(14	)	22			58			72
Other noninterest income	53		57		(4		)	(7	)	39			53			57
Net securities gains	14		18		(4		)	(22	)	19			2			32
Total noninterest income	940		876		64			7		723			903			912
NONINTEREST EXPENSE
Employee compensation and benefits	762		797		(35		)	(4	)	624			750			748
Net occupancy expense	88		88		—			—		88			90			89
Outside processing and software	180		176		4			2		169			164			162
Equipment expense	46		45		1			2		46			44			44
Marketing and customer development	32		27		5			19		59			41			46
Potential mortgage servicing settlement and claims expense	—		—		—			—		120			—			—
Amortization of intangible assets	11		11		—			—		9			11			12
Net loss/(gain) on extinguishment of debt	13		—		13			NM		—			(1		)	(1		)
Operating losses	69		60		9			15		96			72			62
FDIC premium/regulatory exams	60		52		8			15		68			80			81
Other noninterest expense	285		285		—			—		388			309			299
Total noninterest expense	1,546		1,541		5			—		1,667			1,560			1,542
INCOME BEFORE PROVISION/(BENEFIT) FOR INCOME TAXES	368		329		39			12		23			259			237
Provision/(benefit) for income taxes	91		69		22			32		(57		)	45			58
INCOME INCLUDING INCOME/(LOSS) ATTRIBUTABLE TO NONCONTROLLING INTEREST	277		260		17			7		80			214			179
Net income/(loss) attributable to noncontrolling interest	2		10		(8		)	(80	)	6			(1		)	1
NET INCOME		$275		$250		$25		10	%		$74			$215			$178
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS		$270		$245		$25		10	%		$71			$211			$174
Net interest income - FTE 1	1,306		1,342		(36		)	(3	)	1,324			1,293			1,286
Net income per average common share
Diluted	0.50		0.46		0.04			9		0.13			0.39			0.33
Basic	0.51		0.46		0.05			11		0.13			0.40			0.33
Cash dividends paid per common share	0.05		0.05		—			—		0.05			0.05			0.01
Average common shares outstanding (000s)
Diluted	537,495		536,407		1,088			—		535,717			535,395			535,416
Basic	533,964		533,100		864			—		532,146			531,928			531,792

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 June 30						Increase/(Decrease)2
	2012			2011			Amount			%
ASSETS
Cash and due from banks		$5,781			$5,633			$148		3	%
Interest-bearing deposits in other banks	21			20			1			5
Securities purchased under agreements to resell	937			1,134			(197		)	(17	)
Trading assets	6,327			6,586			(259		)	(4	)
Securities available for sale	24,409			27,216			(2,807		)	(10	)
Loans held for sale	3,123			2,052			1,071			52
Loans held for investment:
Commercial and industrial	52,030			45,922			6,108			13
Commercial real estate	4,825			5,707			(882		)	(15	)
Commercial construction	959			1,740			(781		)	(45	)
Residential mortgages - guaranteed	5,663			4,513			1,150			25
Residential mortgages - nonguaranteed	24,405			23,224			1,181			5
Residential home equity products	15,281			16,169			(888		)	(5	)
Residential construction	853			1,118			(265		)	(24	)
Consumer student loans - guaranteed	7,248			4,620			2,628			57
Consumer other direct	2,225			1,863			362			19
Consumer indirect	10,506			9,630			876			9
Consumer credit cards	565			407			158			39
Total loans held for investment	124,560			114,913			9,647			8
Allowance for loan and lease losses	(2,300		)	(2,744		)	(444		)	(16	)
Net loans held for investment	122,260			112,169			10,091			9
Goodwill	6,376			6,343			33			1
Other intangible assets	939			1,539			(600		)	(39	)
Other real estate owned	331			483			(152		)	(31	)
Other assets	7,753			8,998			(1,245		)	(14	)
Total assets1		$178,257			$172,173			$6,084		4	%
LIABILITIES
Deposits:
Noninterest-bearing consumer and commercial deposits		$37,394			$30,591			$6,803		22	%
Interest-bearing consumer and commercial deposits:
NOW accounts	25,229			24,330			899			4
Money market accounts	41,740			42,427			(687		)	(2	)
Savings	5,191			4,600			591			13
Consumer time	10,581			12,598			(2,017		)	(16	)
Other time	6,010			7,125			(1,115		)	(16	)
Total consumer and commercial deposits	126,145			121,671			4,474			4
Brokered time deposits	2,208			2,345			(137		)	(6	)
Foreign deposits	50			905			(855		)	(94	)
Total deposits	128,403			124,921			3,482			3
Funds purchased	847			939			(92		)	(10	)
Securities sold under agreements to repurchase	1,583			2,253			(670		)	(30	)
Other short-term borrowings	7,098			2,791			4,307			NM
Long-term debt	13,076			13,693			(617		)	(5	)
Trading liabilities	1,782			3,026			(1,244		)	(41	)
Other liabilities	4,900			4,890			10			—
Total liabilities	157,689			152,513			5,176			3
SHAREHOLDERS' EQUITY
Preferred stock, no par value	275			172			103			60
Common stock, $1.00 par value	550			550			—			—
Additional paid in capital	9,218			9,330			(112		)	(1	)
Retained earnings	9,443			8,745			698			8
Treasury stock, at cost, and other	(661		)	(805		)	(144		)	(18	)
Accumulated other comprehensive income	1,743			1,668			75			4
Total shareholders' equity	20,568			19,660			908			5
Total liabilities and shareholders' equity		$178,257			$172,173			$6,084		4	%
Common shares outstanding	538,398			536,907			1,491			—	%
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	11,522			13,014			(1,492		)	(11	)

¹Includes earning assets of $153,939 and $146,367 as of June 30, 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
	June 30			March 31			Increase/(Decrease)					December 31			September 30			June 30
	2012			2012			Amount			%		2011			2011			2011
ASSETS
Cash and due from banks		$5,781			$5,019			$762		15	%		$3,696			$4,637			$5,633
Interest-bearing deposits in other banks	21			21			—			—		21			21			20
Securities purchased under agreements to resell	937			941			(4		)	—		792			842			1,134
Trading assets	6,327			6,316			11			—		6,279			6,288			6,586
Securities available for sale	24,409			27,323			(2,914		)	(11	)	28,117			27,502			27,216
Loans held for sale	3,123			2,749			374			14		2,353			2,243			2,052
Loans held for investment:
Commercial and industrial	52,030			50,189			1,841			4		49,538			47,985			45,922
Commercial real estate	4,825			4,910			(85		)	(2	)	5,094			5,330			5,707
Commercial construction	959			1,086			(127		)	(12	)	1,240			1,390			1,740
Residential mortgages - guaranteed	5,663			6,447			(784		)	(12	)	6,672			4,449			4,513
Residential mortgages - nonguaranteed	24,405			23,653			752			3		23,243			23,517			23,224
Residential home equity products	15,281			15,472			(191		)	(1	)	15,765			15,980			16,169
Residential construction	853			924			(71		)	(8	)	980			1,046			1,118
Consumer student loans - guaranteed	7,248			7,186			62			1		7,199			5,333			4,620
Consumer other direct	2,225			2,152			73			3		2,059			1,945			1,863
Consumer indirect	10,506			10,145			361			4		10,165			10,003			9,630
Consumer credit cards	565			527			38			7		540			497			407
Total loans held for investment	124,560			122,691			1,869			2		122,495			117,475			114,913
Allowance for loan and lease losses	(2,300		)	(2,348		)	(48		)	(2	)	(2,457		)	(2,600		)	(2,744		)
Net loans held for investment	122,260			120,343			1,917			2		120,038			114,875			112,169
Goodwill	6,376			6,344			32			1		6,344			6,344			6,343
Other intangible assets	939			1,155			(216		)	(19	)	1,017			1,138			1,539
Other real estate owned	331			411			(80		)	(19	)	479			509			483
Other assets	7,753			7,604			149			2		7,723			8,154			8,998
Total assets1		$178,257			$178,226			$31		—	%		$176,859			$172,553			$172,173
LIABILITIES
Deposits:
Noninterest-bearing consumer and commercial deposits		$37,394			$36,771			$623		2	%		$34,359			$32,447			$30,591
Interest-bearing consumer and commercial deposits:
NOW accounts	25,229			25,502			(273		)	(1	)	26,171			24,670			24,330
Money market accounts	41,740			42,683			(943		)	(2	)	42,312			43,236			42,427
Savings	5,191			5,134			57			1		4,664			4,644			4,600
Consumer time	10,581			11,306			(725		)	(6	)	11,661			12,177			12,598
Other time	6,010			6,322			(312		)	(5	)	6,444			6,759			7,125
Total consumer and commercial deposits	126,145			127,718			(1,573		)	(1	)	125,611			123,933			121,671
Brokered time deposits	2,208			2,284			(76		)	(3	)	2,281			2,283			2,345
Foreign deposits	50			30			20			67		30			35			905
Total deposits	128,403			130,032			(1,629		)	(1	)	127,922			126,251			124,921
Funds purchased	847			908			(61		)	(7	)	839			998			939
Securities sold under agreements to repurchase	1,583			1,781			(198		)	(11	)	1,644			2,016			2,253
Other short-term borrowings	7,098			6,878			220			3		8,983			3,218			2,791
Long-term debt	13,076			11,894			1,182			10		10,908			13,544			13,693
Trading liabilities	1,782			1,554			228			15		1,806			1,735			3,026
Other liabilities	4,900			4,938			(38		)	(1	)	4,691			4,591			4,890
Total liabilities	157,689			157,985			(296		)	—		156,793			152,353			152,513
SHAREHOLDERS’ EQUITY
Preferred stock, no par value	275			275			—			—		275			172			172
Common stock, $1.00 par value	550			550			—			—		550			550			550
Additional paid in capital	9,218			9,243			(25		)	—		9,306			9,314			9,330
Retained earnings	9,443			9,198			245			3		8,978			8,933			8,745
Treasury stock, at cost, and other	(661		)	(699		)	(38		)	(5	)	(792		)	(795		)	(805		)
Accumulated other comprehensive income	1,743			1,674			69			4		1,749			2,026			1,668
Total shareholders’ equity	20,568			20,241			327			2		20,066			20,200			19,660
Total liabilities and shareholders’ equity		$178,257			$178,226			$31		—	%		$176,859			$172,553			$172,173
Common shares outstanding	538,398			538,056			342			—	%	536,967			537,001			536,907
Common shares authorized	750,000			750,000			—			—		750,000			750,000			750,000
Preferred shares outstanding	3			3			—			—		3			2			2
Preferred shares authorized	50,000			50,000			—			—		50,000			50,000			50,000
Treasury shares of common stock	11,522			11,865			(343		)	(3	)	12,954			12,919			13,014

¹Includes earning assets of $153,939, $154,950, $154,696, $148,991, and $146,367, as of June 30, 2012, March 31, 2012, December 31, 2011, September 30, 2011, and June 30, 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
	June 30, 2012							March 31, 2012							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		$50,798			$578	4.58	%		$49,542			$599	4.86	%		$1,256		(0.28	)%	$5,640			(0.59	)%
Commercial real estate	4,582			42		3.65		4,737			44		3.72		(155		)	(0.07	)	(897		)	(0.01	)
Commercial construction	862			8		3.85		921			9		3.89		(59		)	(0.04	)	(342		)	0.02
Residential mortgages - guaranteed	5,853			47		3.19		6,478			53		3.25		(625		)	(0.06	)	1,466			(0.38	)
Residential mortgages - nonguaranteed	22,707			260		4.59		21,946			259		4.71		761			(0.12	)	913			(0.42	)
Home equity products	15,066			138		3.69		15,283			141		3.70		(217		)	(0.01	)	(858		)	(0.08	)
Residential construction	707			9		5.11		738			9		5.13		(31		)	(0.02	)	(178		)	(0.13	)
Guaranteed student loans	7,195			69		3.84		7,308			71		3.93		(113		)	(0.09	)	2,643			(0.53	)
Other direct	2,186			24		4.37		2,100			23		4.45		86			(0.08	)	363			(0.42	)
Indirect	10,288			99		3.88		10,112			100		3.99		176			(0.11	)	829			(0.82	)
Credit cards	537			14		10.35		545			14		10.59		(8		)	(0.24	)	80			(2.63	)
Nonaccrual	2,584			6		1.00		2,832			7		1.05		(248		)	(0.05	)	(1,214		)	(0.08	)
Total loans	123,365			1,294		4.22		122,542			1,329		4.36		823			(0.14	)	8,445			(0.40	)
Securities available for sale:
Taxable	22,569			176		3.13		24,250			190		3.14		(1,681		)	(0.01	)	(1,142		)	(0.22	)
Tax-exempt - FTE 1	375			5		5.32		420			6		5.41		(45		)	(0.09	)	(142		)	(0.15	)
Total securities available for sale	22,944			181		3.16		24,670			196		3.17		(1,726		)	(0.01	)	(1,284		)	(0.24	)
Securities purchased under agreements to resell	924			—		0.01		731			—		0.03		193			(0.02	)	(155		)	0.01
Loans held for sale	3,352			31		3.65		2,649			25		3.70		703			(0.05	)	1,248			(0.52	)
Interest-bearing deposits	22			—		0.26		21			—		0.21		1			0.05		(1		)	0.10
Interest earning trading assets	4,283			18		1.67		4,010			15		1.49		273			0.18		652			(0.63	)
Total earning assets	154,890			1,524		3.96		154,623			1,565		4.07		267			(0.11	)	8,905			(0.36	)
Allowance for loan and lease losses	(2,323		)					(2,428		)					105					417
Cash and due from banks	4,721							4,563							158					269
Other assets	15,260							14,893							367					(2,088		)
Noninterest earning trading assets	2,230							2,260							(30		)			(769		)
Unrealized gains on securities available for sale, net	3,137							2,944							193					654
Total assets		$177,915							$176,855							$1,060					$7,388
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing deposits:
NOW accounts	$24,957				$6	0.10	%		$25,262			$6	0.10	%		($305	)	—	%		$285		(0.06	)%
Money market accounts	41,950			24		0.23		42,489			25		0.24		(539		)	(0.01	)	(915		)	(0.17	)
Savings	5,169			1		0.11		4,860			1		0.12		309			(0.01	)	582			(0.07	)
Consumer time	10,997			40		1.47		11,472			44		1.54		(475		)	(0.07	)	(1,715		)	(0.13	)
Other time	6,193			25		1.63		6,368			28		1.69		(175		)	(0.06	)	(1,010		)	(0.11	)
Total interest-bearing consumer and commercial     deposits	89,266			96		0.43		90,451			104		0.46		(1,185		)	(0.03	)	(2,773		)	(0.17	)
Brokered time deposits	2,211			22		3.88		2,265			23		4.03		(54		)	(0.15	)	(106		)	(0.50	)
Foreign deposits	32			—		0.18		9			—		0.13		23			0.05		9			0.13
Total interest-bearing deposits	91,509			118		0.52		92,725			127		0.55		(1,216		)	(0.03	)	(2,870		)	(0.17	)
Funds purchased	810			—		0.11		871			—		0.10		(61		)	0.01		(191		)	(0.01	)
Securities sold under agreements to repurchase	1,646			1		0.18		1,634			1		0.14		12			0.04		(618		)	0.04
Interest-bearing trading liabilities	751			4		2.36		531			2		1.73		220			0.63		(171		)	(1.03	)
Other short-term borrowings	6,942			5		0.27		9,170			5		0.20		(2,228		)	0.07		4,008			(0.11	)
Long-term debt	13,657			90		2.65		11,356			88		3.13		2,301			(0.48	)	(108		)	(0.65	)
Total interest-bearing liabilities	115,315			218		0.76		116,287			223		0.77		(972		)	(0.01	)	50			(0.24	)
Noninterest-bearing deposits	36,619							35,392							1,227					6,779
Other liabilities	4,337							3,893							444					514
Noninterest-bearing trading liabilities	1,172							1,027							145					(918		)
Shareholders’ equity	20,472							20,256							216					963
Total liabilities and shareholders’ equity		$177,915							$176,855							$1,060					$7,388
Interest Rate Spread						3.20	%						3.30	%				(0.10	)%				(0.12	)%
Net Interest Income - FTE 1					$1,306							$1,342
Net Interest Margin 2						3.39	%						3.49	%				(0.10	)%				(0.14	)%

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
	December 31, 2011							September 30, 2011							June 30, 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		$48,461			$607	4.97	%		$46,261			$595	5.11	%		$45,158			$583	5.17	%
Commercial real estate	4,911			46		3.73		5,192			49		3.72		5,479			50		3.66
Commercial construction	986			10		3.90		1,043			10		3.90		1,204			11		3.83
Residential mortgages - guaranteed	5,300			44		3.31		4,349			39		3.59		4,387			39		3.57
Residential mortgages -nonguaranteed	21,852			262		4.79		21,888			266		4.87		21,794			273		5.01
Home equity products	15,517			145		3.72		15,718			148		3.74		15,924			150		3.77
Residential construction	780			10		5.29		826			11		5.10		885			12		5.24
Guaranteed student loans	5,970			61		4.07		4,765			52		4.35		4,552			49		4.37
Other direct	1,998			23		4.57		1,906			23		4.67		1,823			22		4.79
Indirect	10,058			105		4.13		9,761			109		4.44		9,459			111		4.70
Credit cards	541			15		10.81		522			15		11.31		457			15		12.98
Nonaccrual	3,100			9		1.18		3,407			7		0.79		3,798			10		1.08
Total loans	119,474			1,337		4.44		115,638			1,324		4.54		114,920			1,325		4.62
Securities available for sale:
Taxable	24,701			192		3.10		23,768			195		3.29		23,711			199		3.35
Tax-exempt - FTE 1	456			6		5.45		485			7		5.44		517			7		5.47
Total securities available for sale	25,157			198		3.14		24,253			202		3.33		24,228			206		3.40
Securities purchased under agreements to resell	850			—		0.04		977			—		—		1,079			—		—
Loans held for sale	2,168			22		4.10		2,032			21		4.11		2,104			22		4.17
Interest-bearing deposits	21			—		0.17		21			—		0.15		23			—		0.16
Interest earning trading assets	3,891			16		1.57		3,915			21		2.09		3,631			20		2.30
Total earning assets	151,561			1,573		4.12		146,836			1,568		4.23		145,985			1,573		4.32
Allowance for loan and lease losses	(2,536		)					(2,682		)					(2,740		)
Cash and due from banks	4,328							5,567							4,452
Other assets	15,620							16,676							17,348
Noninterest earning trading assets	2,286							2,897							2,999
Unrealized gains on securities available for sale, net	2,826							2,782							2,483
Total assets		$174,085							$172,076							$170,527
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing deposits:
NOW accounts		$24,994			$7	0.11	%		$23,979			$8	0.13	%		$24,672			$10	0.16	%
Money market accounts	42,849			30		0.28		43,095			39		0.36		42,865			43		0.40
Savings	4,658			2		0.12		4,622			2		0.15		4,587			2		0.18
Consumer time	11,925			47		1.56		12,404			49		1.59		12,712			51		1.60
Other time	6,593			28		1.70		6,940			30		1.70		7,203			31		1.74
Total interest-bearing consumer and commercial deposits	91,019			114		0.50		91,040			128		0.56		92,039			137		0.60
Brokered time deposits	2,259			25		4.20		2,303			26		4.34		2,317			25		4.38
Foreign deposits	34			—		4.13		9			—		0.13		23			—		0.05
Total interest-bearing deposits	93,312			139		0.59		93,352			154		0.65		94,379			162		0.69
Funds purchased	969			—		0.10		1,069			—		0.11		1,001			—		0.12
Securities sold under agreements to repurchase	1,897			—		0.14		2,170			1		0.15		2,264			1		0.14
Interest-bearing trading liabilities	674			4		2.26		878			7		2.95		922			8		3.39
Other short-term borrowings	5,082			4		0.28		3,063			3		0.40		2,934			3		0.38
Long-term debt	12,757			102		3.17		13,667			110		3.19		13,765			113		3.30
Total interest-bearing liabilities	114,691			249		0.86		114,199			275		0.95		115,265			287		1.00
Noninterest-bearing deposits	34,053							31,934							29,840
Other liabilities	4,040							4,069							3,823
Noninterest-bearing trading liabilities	1,093							1,874							2,090
Shareholders’ equity	20,208							20,000							19,509
Total liabilities and shareholders’ equity		$174,085						$	172,076						$	170,527
Interest Rate Spread						3.26	%						3.28	%						3.32	%
Net Interest Income - FTE 1					$1,324							$1,293							$1,286
Net Interest Margin 2						3.46	%						3.49	%						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 CONSOLIDATED DAILY AVERAGE BALANCES, continued AVERAGE YIELDS EARNED AND RATES PAID (Dollars in millions; yields on taxable-equivalent basis) (Unaudited)
	Six Months Ended
	June 30, 2012							June 30, 2011							Increase/(Decrease)
	Average Balances			Interest Income/Expense		Yields/ Rates		Average Balances			Interest Income/Expense		Yields/ Rates			Average Balances			Yields/ Rates
ASSETS
Loans:
Commercial and industrial - FTE 1		$50,170			$1,176	4.72	%		$44,673			$1,165	5.26	%			$5,497		(0.54	)%
Commercial real estate	4,660			86		3.69		5,599			103		3.71			(939		)	(0.02	)
Commercial construction	891			17		3.87		1,334			25		3.81			(443		)	0.06
Residential mortgages - guaranteed	6,166			99		3.22		4,346			74		3.42			1,820			(0.20	)
Residential mortgages - nonguaranteed	22,327			519		4.65		21,982			560		5.10			345			(0.45	)
Home equity products	15,174			279		3.70		16,068			301		3.77			(894		)	(0.07	)
Residential construction	722			18		5.12		924			24		5.22			(202		)	(0.10	)
Guaranteed student loans	7,252			140		3.88		4,464			96		4.34			2,788			(0.46	)
Other direct	2,143			47		4.41		1,782			43		4.89			361			(0.48	)
Indirect	10,200			200		3.94		9,466			225		4.79			734			(0.85	)
Credit cards	541			29		10.47		489			30		12.21			52			(1.74	)
Nonaccrual	2,708			14		1.03		3,913			18		0.92			(1,205		)	0.11
Total loans	122,954			2,624		4.29		115,040			2,664		4.67			7,914			(0.38	)
Securities available for sale:
Taxable	23,409			366		3.13		23,708			383		3.24			(299		)	(0.11	)
Tax-exempt - FTE 1	398			11		5.37		533			15		5.51			(135		)	(0.14	)
Total securities available for sale	23,807			377		3.17		24,241			398		3.29			(434		)	(0.12	)
Securities purchased under agreements to resell	827			—		0.02		1,071			—		—			(244		)	0.02
Loans held for sale	3,001			55		3.67		2,413			50		4.15			588			(0.48	)
Interest-bearing deposits	21			—		0.24		23			—		0.14			(2		)	0.10
Interest earning trading assets	4,147			33		1.58		3,595			43		2.39			552			(0.81	)
Total earning assets	154,757			3,089		4.01		146,383			3,155		4.35			8,374			(0.34	)
Allowance for loan and lease losses	(2,375		)					(2,796		)						421
Cash and due from banks	4,642							5,463								(821		)
Other assets	15,076							17,523								(2,447		)
Noninterest earning trading assets	2,245							2,827								(582		)
Unrealized gains on securities available for sale, net	3,040							2,389								651
Total assets		$177,385							$171,789								$5,596
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing deposits:
NOW accounts		$25,110			$12	0.10	%		$25,019			$21	0.17	%			$91		(0.07	)%
Money market accounts	42,219			49		0.23		42,735			91		0.43			(516		)	(0.20	)
Savings	5,015			3		0.11		4,428			3		0.16			587			(0.05	)
Consumer time	11,234			84		1.50		12,743			101		1.60			(1,509		)	(0.10	)
Other time	6,281			52		1.66		7,309			64		1.76			(1,028		)	(0.10	)
Total interest-bearing consumer and commercial deposits	89,859			200		0.45		92,234			280		0.61			(2,375		)	(0.16	)
Brokered time deposits	2,238			45		3.96		2,332			51		4.37			(94		)	(0.41	)
Foreign deposits	20			—		0.17		140			1		0.14			(120		)	0.03
Total interest-bearing deposits	92,117			245		0.53		94,706			332		0.71			(2,589		)	(0.18	)
Funds purchased	840			1		0.11		1,057			—		0.15			(217		)	(0.04	)
Securities sold under agreements to repurchase	1,640			1		0.16		2,283			2		0.15			(643		)	0.01
Interest-bearing trading liabilities	641			7		2.10		926			15		3.37			(285		)	(1.27	)
Other short-term borrowings	8,056			9		0.23		2,847			6		0.40			5,209			(0.17	)
Long-term debt	12,507			178		2.87		13,785			237		3.47			(1,278		)	(0.60	)
Total interest-bearing liabilities	115,801			441		0.77		115,604			592		1.03			197			(0.26	)
Noninterest-bearing deposits	36,005							29,064								6,941
Other liabilities	4,116							3,889								227
Noninterest-bearing trading liabilities	1,099							1,934								(835		)
Shareholders’ equity	20,364							21,298								(934		)
Total liabilities and shareholders’ equity		$177,385							$171,789								$5,596
Interest Rate Spread						3.24	%						3.32	%					(0.08	)%
Net Interest Income - FTE 1					$2,648							$2,563
Net Interest Margin 2						3.44	%						3.53	%					(0.09	)%

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.

18

19

SunTrust Banks, Inc. and Subsidiaries OTHER FINANCIAL DATA (Dollars in millions) (Unaudited)
	Three Months Ended June 30											Six Months Ended June 30
							Increase/(Decrease)											Increase/(Decrease)
	2012			2011			Amount			%		2012			2011			Amount			%4
CREDIT DATA
Allowance for credit losses - beginning		$2,400			$2,908			($508	)	(17	)%		$2,505			$3,032			($527	)	(17	)%
Provision/(benefit) for unfunded commitments	(2		)	(3		)	(1		)	(33	)	2			(7		)	(9		)	NM
Provision for loan losses
Commercial	49			124			(75		)	(60	)	87			232			(145		)	(63	)
Residential	230			252			(22		)	(9	)	488			574			(86		)	(15	)
Consumer	23			19			4			21		40			40			—			—
Total provision for loan losses	302			395			(93		)	(24	)	615			846			(231		)	(27	)
Charge-offs
Commercial	(94		)	(220		)	(126		)	(57	)	(220		)	(405		)	(185		)	(46	)
Residential	(274		)	(303		)	(29		)	(10	)	(576		)	(688		)	(112		)	(16	)
Consumer	(29		)	(40		)	(11		)	(28	)	(64		)	(85		)	(21		)	(25	)
Total charge-offs	(397		)	(563		)	(166		)	(29	)	(860		)	(1,178		)	(318		)	(27	)
Recoveries
Commercial	31			41			(10		)	(24	)	56			70			(14		)	(20	)
Residential	6			6			—			—		11			11			—			—
Consumer	10			11			(1		)	(9	)	21			21			—			—
Total recoveries	47			58			(11		)	(19	)	88			102			(14		)	(14	)
Net charge-offs	(350		)	(505		)	(155		)	(31	)	(772		)	(1,076		)	(304		)	(28	)
Allowance for credit losses - ending		$2,350			$2,795			($445	)	(16	)%		$2,350			$2,795			($445	)	(16	)%
Components:
Allowance for loan and lease losses		$2,300			$2,744			($444	)	(16	)%
Unfunded commitments reserve	50			51			(1		)	(2	)
Allowance for credit losses		$2,350			$2,795			($445	)	(16	)%
Net charge-offs to average loans (annualized)
Commercial	0.45		%	1.34		%	(0.89		)%			0.58		%	1.26		%	(0.68		)%
Residential	2.33			2.65			(0.32		)			2.45			3.01			(0.56		)
Consumer	0.38			0.71			(0.33		)			0.43			0.80			(0.37		)
Total net charge-offs to total average loans	1.14		%	1.76		%	(0.62		)%			1.26		%	1.89		%	(0.63		)%
Period Ended
Nonaccrual/nonperforming loans
Commercial		$695			$1,563			($868	)	(56	)%
Residential	1,742			2,013			(271		)	(13	)
Consumer	21			34			(13		)	(38	)
Total nonaccrual/nonperforming loans	2,458			3,610			(1,152		)	(32	)
Other real estate owned (“OREO”)	331			483			(152		)	(31	)
Other repossessed assets	11			11			—			—
Total nonperforming assets		$2,800			$4,104			($1,304	)	(32	)%
Accruing restructured loans		$2,699			$2,719			($20	)	(1	)%
Nonaccruing restructured loans	694			923			(229		)	(25	)
Accruing loans past due > 90 days (guaranteed)	2,082			1,567			515			33
Accruing loans past due > 90 days (non-guaranteed)	68			69			(1		)	(1	)
Total nonperforming loans to total loans	1.97		%	3.14		%	(1.17		)%	(37	)%
Total nonperforming assets to total loans plus OREO, other repossessed assets, and nonperforming LHFS	2.24			3.56			(1.32		)	(37	)
Allowance to period-end loans1,2	1.85			2.40			(0.55		)	(23	)
Allowance to period-end loans, excluding government guaranteed loans 1,2,3	2.07			2.61			(0.54		)	(21	)
Allowance to nonperforming loans1,2	94			77			17			22
Allowance to annualized net charge-offs1	1.64x			1.35x			0.29x			21

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.

20

SunTrust Banks, Inc. and Subsidiaries FIVE QUARTER OTHER FINANCIAL DATA (Dollars in millions) (Unaudited)
	Three Months Ended
	June 30			March 31			Increase/(Decrease)					December 31			September 30			June 30
	2012			2012			Amount			%4		2011			2011			2011
CREDIT DATA
Allowance for credit losses - beginning		$2,400			$2,505			($105	)	(4	)%		$2,650			$2,795			$2,908
Provision/(benefit) for unfunded commitments	(2		)	4			6			NM		(2		)	(1		)	(3		)
Provision for loan losses
Commercial	49			38			11			29		6			86			124
Residential	230			258			(28		)	(11	)	304			236			252
Consumer	23			17			6			35		19			26			19
Total provision for loan losses	302			313			(11		)	(4	)	329			348			395
Charge-offs
Commercial	(94		)	(126		)	(32		)	(25	)	(185		)	(214		)	(220		)
Residential	(274		)	(302		)	(28		)	(9	)	(305		)	(282		)	(303		)
Consumer	(29		)	(35		)	(6		)	(17	)	(38		)	(40		)	(40		)
Total charge-offs	(397		)	(463		)	(66		)	(14	)	(528		)	(536		)	(563		)
Recoveries
Commercial	31			25			6			24		42			29			41
Residential	6			5			1			20		3			3			6
Consumer	10			11			(1		)	(9	)	11			12			11
Total recoveries	47			41			6			15		56			44			58
Net charge-offs	(350		)	(422		)	(72		)	(17	)	(472		)	(492		)	(505		)
Allowance for credit losses - ending		$2,350			$2,400			($50	)	(2	)%		$2,505			$2,650			$2,795
Components:
Allowance for loan and lease losses		$2,300			$2,348			($48	)	(2	)%		$2,457			$2,600			$2,744
Unfunded commitments reserve	50			52			(2		)	(4	)	48			50			51
Allowance for credit losses		$2,350			$2,400			($50	)	(2	)%		$2,505			$2,650			$2,795
Net charge-offs to average loans (annualized)
Commercial	0.45		%	0.72		%	(0.27		)%			1.02		%	1.37		%	1.34		%
Residential	2.33			2.57			(0.24		)			2.63			2.47			2.65
Consumer	0.38			0.48			(0.10		)			0.58			0.66			0.71
Total net charge-offs to total average loans	1.14		%	1.38		%	(0.24		)%			1.57		%	1.69		%	1.76		%
Period Ended
Nonaccrual/nonperforming loans
Commercial		$695			$815			($120	)	(15	)%		$926			$1,205			$1,563
Residential	1,742			1,812			(70		)	(4	)	1,951			2,007			2,013
Consumer	21			22			(1		)	(5	)	26			27			34
Total nonaccrual/nonperforming loans	2,458			2,649			(191		)	(7	)	2,903			3,239			3,610
OREO	331			411			(80		)	(19	)	479			509			483
Other repossessed assets	11			14			(3		)	(21	)	10			15			11
Nonperforming LHFS	—			60			(60		)	(100	)	—			—			—
Total nonperforming assets		$2,800			$3,134			($334	)	(11	)%		$3,392			$3,763			$4,104
Accruing restructured loans		$2,699			$2,750			($51	)	(2	)%		$2,820			$2,824			$2,719
Nonaccruing restructured loans	694			714			(20		)	(3	)	802			883			923
Accruing loans past due > 90 days (guaranteed)	2,082			2,088			(6		)	—		1,971			1,708			1,567
Accruing loans past due > 90 days (non-guaranteed)	68			64			4			6		57			116			69
Total nonperforming loans to total loans	1.97		%	2.16		%	(0.19		)%	(9	)%	2.37		%	2.76		%	3.14		%
Total nonperforming assets to total loans plus OREO, other repossessed assets, and nonperforming LHFS	2.24			2.54			(0.30		)	(12	)	2.76			3.19			3.56
Allowance to period-end loans1,2	1.85			1.92			(0.07		)	(4	)	2.01			2.22			2.40
Allowance to period-end loans, excluding government guaranteed loans 1,2,3	2.07			2.16			(0.09		)	(4	)	2.27			2.42			2.61
Allowance to nonperforming loans1,2	94			89			5			6		85			81			77
Allowance to annualized net charge-offs1	1.64x			1.38x			0.26x			19		1.31x			1.33x			1.35x

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.

21

SunTrust Banks, Inc. and Subsidiaries OTHER FINANCIAL DATA, continued (Dollars in millions) (Unaudited)
	Three Months Ended June 30												Six Months Ended June 30
	Core Deposit   Intangibles			MSRs - Fair Value			Other			Total			Core Deposit   Intangibles			MSRs - Fair Value			Other			Total
OTHER INTANGIBLE ASSET ROLLFORWARD
Balance, beginning of period		$59			$1,538			$62			$1,659			$67			$1,439			$65			$1,571
Amortization	(8		)	—			(4		)	(12		)	(16		)	—			(7		)	(23		)
Mortgage Servicing Rights (“MSRs”) originated	—			47			—			47			—			136			—			136
Fair value changes due to inputs and assumptions	—			(121		)	—			(121		)	—			(51		)	—			(51		)
Other changes in fair value	—			(41		)	—			(41		)	—			(94		)	—			(94		)
Sale of MSRs	—			—			—			—			—			(7		)	—			(7		)
Other	—			—			7			7			—			—			7			7
Balance, June 30, 2011		$51			$1,423			$65			$1,539			$51			$1,423			$65			$1,539
Balance, beginning of period		$32			$1,070			$53			$1,155			$38			$921			$58			$1,017
Amortization	(5		)	—			(6		)	(11		)	(11		)	—			(11		)	(22		)
MSRs originated	—			78			—			78			—			161			—			161
Fair value changes due to inputs and assumptions	—			(227		)	—			(227		)	—			(102		)	—			(102		)
Other changes in fair value	—			(55		)	—			(55		)	—			(112		)	—			(112		)
Sale of MSRs	—			(1		)	—			(1		)	—			(3		)	—			(3		)
Balance, June 30, 2012		$27			$865			$47			$939			$27			$865			$47			$939

	Three Months Ended
	June 30	March 31	December 31		September 30	June 30
	2012	2012	2011		2011	2011
COMMON SHARE ROLLFORWARD (000’s)
Balance, beginning of period	538,056	536,967	537,001		536,907	536,817
Common shares issued (exchanged) for employee benefit plans, stock option, and restricted stock activity	342	1,089	(34	)	94	90
Balance, end of period	538,398	538,056	536,967		537,001	536,907

22

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															Six Months Ended
	June 30			March 31			December 31			September 30			June 30			June 30			June 30
	2012			2012			2011			2011			2011			2012			2011
NON-GAAP MEASURES PRESENTED IN THE EARNINGS RELEASE 1
Efficiency ratio 2	68.83		%	69.50		%	81.45		%	71.05		%	70.17		%	69.17		%	69.01		%
Impact of excluding amortization of intangible assets	(0.50		)	(0.48		)	(0.46		)	(0.50		)	(0.53		)	(0.50		)	(0.52		)
Tangible efficiency ratio 3	68.33		%	69.02		%	80.99		%	70.55		%	69.64		%	68.67		%	68.49		%
Total shareholders' equity		$20,568			$20,241			$20,066			$20,200			$19,660
Goodwill, net of deferred taxes of $156 million, $164 million, $154 million, $149 million, and $144 million, respectively	(6,220		)	(6,180		)	(6,190		)	(6,195		)	(6,199		)
Other intangible assets, net of deferred taxes of $10 million, $14 million, $16 million, $18 million, and $21 million, respectively, and MSRs	(929		)	(1,142		)	(1,001		)	(1,120		)	(1,518		)
MSRs	865			1,070			921			1,033			1,423
Tangible equity	14,284			13,989			13,796			13,918			13,366
Preferred stock	(275		)	(275		)	(275		)	(172		)	(172		)
Tangible common equity		$14,009			$13,714			$13,521			$13,746			$13,194
Total assets		$178,257			$178,226			$176,859			$172,553			$172,173
Goodwill	(6,376		)	(6,344		)	(6,344		)	(6,344		)	(6,343		)
Other intangible assets including MSRs	(939		)	(1,155		)	(1,017		)	(1,138		)	(1,539		)
MSRs	865			1,070			921			1,033			1,423
Tangible assets		$171,807			$171,797			$170,419			$166,104			$165,714
Tangible equity to tangible assets 4	8.31		%	8.14		%	8.10		%	8.38		%	8.07		%
Tangible book value per common share 5		$26.02			$25.49			$25.18			$25.60			$24.57
Net interest income		$1,274			$1,311			$1,294			$1,263			$1,259			$2,585			$2,508
Taxable-equivalent adjustment	32			31			30			30			27			63			55
Net interest income - FTE	1,306			1,342			1,324			1,293			1,286			2,648			2,563
Noninterest income	940			876			723			903			912			1,816			1,795
Total revenue - FTE	2,246			2,218			2,047			2,196			2,198			4,464			4,358
Securities gains, net	(14		)	(18		)	(19		)	(2		)	(32		)	(32		)	(96		)
Total revenue - FTE excluding net securities gains 6		$2,232			$2,200			$2,028			$2,194			$2,166			$4,432			$4,262
Total loans		$124,560			$122,691			$122,495			$117,475			$114,913
Government guaranteed loans	(12,911		)	(13,633		)	(13,871		)	(9,782		)	(9,133		)
Loans held at fair value	(406		)	(413		)	(433		)	(452		)	(449		)
Total loans, excluding government guaranteed and fair value loans		$111,243			$108,645			$108,191			$107,241			$105,331
Allowance to total loans, excluding government guaranteed and fair value loans 7	2.07		%	2.16		%	2.27		%	2.42		%	2.61		%

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.

23

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															Six Months Ended
	June 30			March 31			December 31			September 30			June 30			June 30			June 30
	2012			2012			2011			2011			2011			2012			2011
NON-GAAP MEASURES PRESENTED IN THE EARNINGS RELEASE 1
Net income available to common shareholders		$270			$245			$71			$211			$174			$515			$212
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		$270			$245			$71			$211			$174			$515			$286
Net income per average common share - diluted		$0.50			$0.46			$0.13			$0.39			$0.33			$0.96			$0.41
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		$0.50			$0.46			$0.13			$0.39			$0.33			$0.96			$0.55
RECONCILIATION OF NET INCOME AVAILABLE TO COMMON SHAREHOLDERS:
Net income		$275			$250			$74			$215			$178			$525			$358
Preferred dividends	(3		)	(3		)	(2		)	(2		)	(2		)	(6		)	(4		)
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		)	(2		)	(1		)	(2		)	(2		)	(4		)	(2		)
Net income available to common shareholders		$270			$245			$71			$211			$174			$515			$212

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.

24

SunTrust Banks, Inc. and Subsidiaries CONSUMER BANKING AND PRIVATE WEALTH MANAGEMENT (Dollars in millions)    (Unaudited)
	Three Months Ended June 30								Six Months Ended June 30
	2012			2011			% Change 4		2012			2011			% Change
Statements of Income
Net interest income 1		$630			$620		2	%		$1,263			$1,239		2	%
FTE adjustment	—			—			—		—			—			—
Net interest income - FTE	630			620			2		1,263			1,239			2
Provision for credit losses 2	118			177			(33	)	272			379			(28	)
Net interest income - FTE - after provision for credit losses	512			443			16		991			860			15
Noninterest income before securities gains/(losses)	340			372			(9	)	662			731			(9	)
Securities gains/(losses), net	—			—			—		—			—			—
Total noninterest income	340			372			(9	)	662			731			(9	)
Noninterest expense before amortization of intangible assets	681			726			(6	)	1,372			1,414			(3	)
Amortization of intangible assets	7			10			(30	)	15			19			(21	)
Total noninterest expense	688			736			(7	)	1,387			1,433			(3	)
Income before provision for income taxes	164			79			NM		266			158			68
Provision for income taxes	59			29			NM		96			58			66
FTE adjustment	—			—			—		—			—			—
Net income including income attributable to noncontrolling interest	105			50			NM		170			100			70
Less: net income attributable to noncontrolling interest	—			—			—		—			—			—
Net income		$105			$50		NM			$170			$100		70
Total revenue - FTE		$970			$992		(2	)		$1,925			$1,970		(2	)
Selected Average Balances
Total loans		$41,391			$38,636		7	%		$41,428			$38,745		7	%
Goodwill	3,933			3,736			5		3,842			3,731			3
Other intangible assets excluding MSRs	56			85			(34	)	59			88			(33	)
Total assets	46,337			43,244			7		46,222			43,329			7
Consumer and commercial deposits	77,340			76,802			1		77,059			76,369			1
Performance Ratios
Efficiency ratio	70.95		%	74.14		%			72.07		%	72.79		%
Impact of excluding amortization of intangible assets	(3.21		)	(3.85		)			(3.27		)	(3.82		)
Tangible efficiency ratio	67.74		%	70.29		%			68.80		%	68.97		%
Other Information (End of Period) 3
Assets under administration
Managed (discretionary) assets		$47,463			$49,644		(4	)%
Non-managed assets	37,432			40,272			(7	)
Total assets under administration	84,895			89,916			(6	)
Brokerage assets	37,593			35,745			5
Corporate trust assets	11,692			10,572			11
Total assets under advisement		$134,180			$136,233		(2	)

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.

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

25

SunTrust Banks, Inc. and Subsidiaries WHOLESALE BANKING (Dollars in millions)    (Unaudited)
	Three Months Ended June 30								Six Months Ended June 30
	2012			2011			% Change 4		2012			2011			% Change 4
Statements of Income
Net interest income 1		$433			$399		9	%		$862			$789		9	%
FTE adjustment	32			26			23		61			51			20
Net interest income - FTE	465			425			9		923			840			10
Provision for credit losses 2	67			175			(62	)	168			321			(48	)
Net interest income - FTE - after provision for credit losses	398			250			59		755			519			45
Noninterest income before securities gains/(losses)	383			402			(5	)	762			791			(4	)
Securities gains/(losses), net	—			—			—		—			—			—
Total noninterest income	383			402			(5	)	762			791			(4	)
Noninterest expense before amortization of intangible assets	514			548			(6	)	1,026			1,083			(5	)
Amortization of intangible assets	1			1			—		4			3			33
Total noninterest expense	515			549			(6	)	1,030			1,086			(5	)
Income - FTE - before provision/(benefit) for income taxes	266			103			NM		487			224			NM
Provision/(benefit) for income taxes	46			(8		)	NM		76			(12		)	NM
FTE adjustment	32			26			23		61			51			20
Net income including income attributable to noncontrolling interest	188			85			NM		350			185			89
Less: net income attributable to noncontrolling interest	—			(1		)	100		8			4			100
Net income		$188			$86		NM			$342			$181		89
Total revenue - FTE		$848			$827		3			$1,685			$1,631		3
Selected Average Balances
Total loans		$51,129			$47,467		8	%		$50,697			$47,234		7	%
Goodwill	2,415			2,598			(7	)	2,503			2,598			(4	)
Other intangible assets excluding MSRs	22			29			(24	)	23			30			(23	)
Total assets	64,603			62,255			4		63,979			61,772			4
Consumer and commercial deposits	44,997			42,250			7		45,404			41,939			8
Performance Ratios
Efficiency ratio	60.83		%	66.53		%			61.19		%	66.59		%
Impact of excluding amortization of intangible assets	(1.64		)	(2.31		)			(1.86		)	(2.37		)
Tangible efficiency ratio	59.19		%	64.22		%			59.33		%	64.22		%
Other Information (End of Period) 3
Assets under administration
Managed (discretionary) assets		$51,594			$55,078		(6	)%
Non-managed assets	7,453			9,656			(23	)
Total assets under administration	59,047			64,734			(9	)
Brokerage assets	—			—			—
Corporate trust assets	—			—			—
Total assets under advisement		$59,047			$64,734		(9	)

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.

26

SunTrust Banks, Inc. and Subsidiaries MORTGAGE BANKING (Dollars in millions)    (Unaudited)
	Three Months Ended June 30								Six Months Ended June 30
	2012			2011			% Change 3		2012			2011			% Change 3
Statements of Income
Net interest income 1		$131			$112		17	%		$257			$232		11	%
FTE adjustment	—			—			—		—			—			—
Net interest income - FTE	131			112			17		257			232			11
Provision for credit losses 2	165			153			8		331			376			(12	)
Net interest income - FTE - after provision for credit losses	(34		)	(41		)	17		(74		)	(144		)	49
Noninterest income before securities gains/(losses)	179			76			NM		336			157			NM
Securities gains/(losses), net	—			(1		)	100		—			(1		)	100
Total noninterest income	179			75			NM		336			156			NM
Noninterest expense before amortization of intangible assets	348			274			27		686			526			30
Amortization of intangible assets	—			—			—		—			—			—
Total noninterest expense	348			274			27		686			526			30
Loss before benefit for income taxes	(203		)	(240		)	15		(424		)	(514		)	18
Benefit for income taxes	(83		)	(93		)	11		(170		)	(199		)	15
FTE adjustment	—			—			—		—			—			—
Net loss including income attributable to noncontrolling interest	(120		)	(147		)	18		(254		)	(315		)	19
Less: net income attributable to noncontrolling interest	—			—			—		—			—			—
Net loss		($120	)		($147	)	18			($254	)		($315	)	19
Total revenue - FTE		$310			$187		66			$593			$388		53
Selected Average Balances
Total loans		$30,809			$28,822		7	%		$30,803			$29,067		6	%
Goodwill	—			—			—		—			—			—
Other intangible assets excluding MSRs	—			—			—		—			—			—
Total assets	35,788			33,363			7		35,512			33,947			5
Consumer and commercial deposits	3,573			2,695			33		3,386			2,838			19
Performance Ratios
Efficiency ratio	112.15		%	146.65		%			115.54		%	135.35		%
Impact of excluding amortization of intangible assets	—			—					—			—
Tangible efficiency ratio	112.15		%	146.65		%			115.54		%	135.35		%
Other Information
Production Data
Channel mix
Retail		$4,365			$3,306		32	%		$8,552			$7,022		22	%
Wholesale	1,340			548			NM		2,661			1,317			NM
Correspondent	2,545			837			NM		4,710			2,103			NM
Total production		$8,250			$4,691		76			$15,923			$10,442		52
Channel mix - percent
Retail	53		%	70		%			53		%	67		%
Wholesale	16			12					17			13
Correspondent	31			18					30			20
Total production	100		%	100		%			100		%	100		%
Purchase and refinance mix
Refinance		$5,238			$2,231		NM			$11,082			$6,308		76
Purchase	3,012			2,460			22		4,841			4,134			17
Total production		$8,250			$4,691		76			$15,923			$10,442		52
Purchase and refinance mix - percent
Refinance	63		%	48		%			70		%	60		%
Purchase	37			52					30			40
Total production	100		%	100		%			100		%	100		%
Applications		$14,573			$10,548		38			$31,249			$19,642		59
Mortgage Servicing Data (End of Period)
Total loans serviced		$153,442			$162,915		(6	)%
Total loans serviced for others	118,887			131,548			(10	)
Net carrying value of MSRs	865			1,423			(39	)
Ratio of net carrying value of MSRs to total loans serviced for others	0.728		%	1.082		%

¹  Net interest income does not include the funding benefit that would result from holding shareholders’ equity at the line of business level due to the fact that shareholder’s equity is not allocated to the lines of business at this time.

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

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

27

28

SunTrust Banks, Inc. and Subsidiaries CORPORATE OTHER (Dollars in millions) (Unaudited)
	Three Months Ended June 30								Six Months Ended June 30
	2012			2011			% Change 3		2012			2011			% Change 3
Statements of Income
Net interest income		$80			$128		(38	)%		$203			$248		(18	)%
FTE adjustment	—			1			(100	)	2			4			(50	)
Net interest income - FTE	80			129			(38	)	205			252			(19	)
Provision for credit losses 1	(50		)	(113		)	56		(154		)	(237		)	35
Net interest income - FTE - after provision for credit losses	130			242			(46	)	359			489			(27	)
Noninterest income before securities gains	24			30			(20	)	24			20			20
Securities gains, net	14			33			(58	)	32			97			(67	)
Total noninterest income	38			63			(40	)	56			117			(52	)
Noninterest expense before amortization of intangible assets	(8		)	(18		)	56		(19		)	(39		)	51
Amortization of intangible assets	3			1			NM		3			1			NM
Total noninterest expense	(5		)	(17		)	71		(16		)	(38		)	58
Income - FTE - before provision for income taxes	173			322			(46	)	431			644			(33	)
Provision for income taxes	69			130			(47	)	158			244			(35	)
FTE adjustment	—			1			(100	)	2			4			(50	)
Net income including income attributable to noncontrolling interest	104			191			(46	)	271			396			(32	)
Less: net income attributable to noncontrolling interest	2			2			—		4			4			—
Net income		$102			$189		(46	)		$267			$392		(32	)
Total revenue - FTE		$118			$192		(39	)		$261			$369		(29	)
Selected Average Balances
Total loans		$36			($5	)	NM			$26			($6	)	NM
Securities available for sale	22,741			24,006			(5	)	23,602			24,017			(2	)
Goodwill	(1		)	—			—		1			—			—
Other intangible assets excluding MSRs	2			3			(33	)	4			4			—
Total assets	31,187			31,665			(2	)	31,672			32,741			(3	)
Consumer and commercial deposits	(25		)	132			NM		15			152			(90	)
Other Information
Duration of investment portfolio	1.9%			3.0%
Accounting net interest income interest rate sensitivity 2:
% Change in net interest income under:
Instantaneous 100 bp increase in rates over next 12 months	2.8		%	(0.3		)%
Instantaneous 100 bp decrease in rates over next 12 months	(1.9		)%	(1.3		)%
Economic net interest income interest rate sensitivity 2:
% Change in net interest income under:
Instantaneous 100 bp increase in rates over next 12 months	2.5		%	(0.6		)%
Instantaneous 100 bp decrease in rates over next 12 months	(1.8		)%	(1.2		)%

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.

29

SunTrust Banks, Inc. and Subsidiaries

CONSOLIDATED - SEGMENT TOTALS

(Dollars in millions)    (Unaudited)

	Three Months Ended June 30								Six Months Ended June 30
	2012			2011			% Change		2012			2011			% Change
Statements of Income
Net interest income		$1,274			$1,259		1	%		$2,585			$2,508		3	%
FTE adjustment	32			27			19		63			55			15
Net interest income - FTE	1,306			1,286			2		2,648			2,563			3
Provision for credit losses	300			392			(23	)	617			839			(26	)
Net interest income - FTE - after provision for credit losses	1,006			894			13		2,031			1,724			18
Noninterest income before securities gains	926			880			5		1,784			1,699			5
Securities gains, net	14			32			(56	)	32			96			(67	)
Total noninterest income	940			912			3		1,816			1,795			1
Noninterest expense before amortization of intangible assets	1,535			1,530			—		3,065			2,984			3
Amortization of intangible assets	11			12			(8	)	22			23			(4	)
Total noninterest expense	1,546			1,542			—		3,087			3,007			3
Income - FTE - before provision for income taxes	400			264			52		760			512			48
Provision for income taxes	91			58			57		160			91			76
FTE adjustment	32			27			19		63			55			15
Net income including income attributable to noncontrolling interest	277			179			55		537			366			47
Less: net income attributable to noncontrolling interest	2			1			100		12			8			50
Net income		$275			$178		54			$525			$358		47
Total revenue - FTE		$2,246			$2,198		2			$4,464			$4,358		2
Selected Average Balances
Total loans		$123,365			$114,920		7	%		$122,954			$115,040		7	%
Goodwill	6,347			6,334			—		6,346			6,329			—
Other intangible assets excluding MSRs	80			117			(32	)	86			122			(30	)
Total assets	177,915			170,527			4		177,385			171,789			3
Consumer and commercial deposits	125,885			121,879			3		125,864			121,298			4
Performance Ratios
Efficiency ratio	68.83		%	70.17		%			69.17		%	69.01		%
Impact of excluding amortization of intangible assets	(0.50		)	(0.53		)			(0.50		)	(0.52		)
Tangible efficiency ratio	68.33		%	69.64		%			68.67		%	68.49		%
Other Information (End of Period)
Assets under administration
Managed (discretionary) assets		$99,057			$104,722		(5	)%
Non-managed assets	44,885			49,928			(10	)
Total assets under administration	143,942			154,650			(7	)
Brokerage assets	37,593			35,745			5
Corporate trust assets	11,692			10,572			11
Total assets under advisement		$193,227			$200,967		(4	)

30

EX-99.2

SunTrust Banks, Inc. 2Q 2012 Earnings Presentation July 20, 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. 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 $270 million; earnings per share of $0.50 • Continued improvement in core performance • Average performing loans up 1% from 1Q 12 and 9% from 2Q 11 fueled by strong growth in C&I loans • Favorable lower-cost deposit mix shift continued; average DDA grew 3% from prior quarter and 23% from prior year • Noninterest income increased from 1Q 12 and 2Q 11 due primarily to strong mortgage origination • Net interest income and margin down from prior quarter due to expected reduction in swap income; net interest income increased from prior year due to improved deposit mix and lower cost of funds • Expenses stable to prior quarter and prior year • Current quarter included $13 million non-cash charge related to redemption of higher-cost trust preferred securities • All primary credit metrics again improved – NCOs down 17% sequentially • Tier 1 common ratio increased to 9.40% (estimated) 2Q 12 Summary

4 ($ in millions, except per share data) Income Statement Highlights Financial Highlights Key Points EPS Up from Prior Quarter and Prior Year Prior Quarter Variance • EPS increase of $0.04  $28 million revenue increase driven by higher mortgage-related activity  Expenses flat; seasonal decrease in employee benefits offset by the charge associated with trust preferred securities redemption and modest increases in other categories Prior Year Variance • EPS increase of $0.17  $20 million net interest income growth, as deposit mix continued to improve and funding costs were reduced  $28 million noninterest income growth; strong mortgage revenue more than offset lower debit interchange fees  Improved credit quality / lower provision  Expenses stable YTD Variance • Net income to common more than doubled due to higher revenue, lower provision, and elimination of TARP 2Q 11 1Q 12 2Q 12 YTD 2011 YTD 2012 Net Interest Income (FTE) $1,286 $1,342 $1,306 $2,563 $2,648 Noninterest Income 912 876 940 1,795 1,816 Total Revenue (FTE) 2,198 2,218 2,246 4,358 4,464 Provision for Credit Losses 392 317 300 839 617 Noninterest Expense 1,542 1,541 1,546 3,007 3,087 Net Income 178 250 275 358 525 Preferred Dividends and Other 4 5 5 146 10 Net Income to Common Shareholders $174 $245 $270 $212 $515 Net Income per Share $0.33 $0.46 $0.50 $0.41 $0.96

5 Net Interest Income Net Interest Income, FTE Key Points Net Interest Income and Margin Declined As Expected ($ in millions) Prior Quarter Variance • Net Interest Income decreased $36 million, or 3%  Almost all of the decline was due to a reduction in commercial loan swap income • Net Interest Margin decreased, due to the decline in swap income, partially offset by a decline in rates paid on interest- bearing liabilities Prior Year Variance • Net Interest Income increased $20 million, or 2%  Interest income was down $49 million as solid loan growth was more than offset by declining asset yields  Interest expense declined $69 million, driven by deposit mix, lower customer deposit rates paid, and continued reduction in long-term debt costs $1,286 $1,293 $1,324 $1,342 $1,306 3.53% 3.49% 3.46% 3.49% 3.39% 2Q 11 3Q 11 4Q 11 1Q 12 2Q 12 Net Interest Income Net Interest Margin

6 Noninterest Income Noninterest Income Key Points Noninterest Income Increased from 1Q 12 1. Please refer to the appendix for adjustment detail NOTE: Totals may not foot due to rounding ($ in millions) Prior Quarter Variance • Noninterest Income increased $64 million, or 7%  Mortgage production income up $40 million due to a decline in the mortgage repurchase provision and a gain from the sale of government-guaranteed mortgages  Increases in most other fee categories also contributed to the growth Prior Year Variance • Adjusted Noninterest Income improved by $59 million, or 7%  Mortgage production income up $99 million due to higher volume and improved gains on sale  Partially offset by lower card fees (due to debit interchange regulations) and investment banking income $861 $840 $739 $881 $920 $51 $63 ($16) ($5) $20 2Q 11 3Q 11 4Q 11 1Q 12 2Q 12 Adjusted Noninterest Income¹ Adjustment Items¹ $912 $903 $723 $876 $940

7 Repurchase demands increased 9% in 2Q 12 Summary Statistics Mortgage repurchase reserve increase is consistent with higher pending demands 1. Includes estimates 2. Amount is an estimate and is included in the $95 billion of remaining UPB NOTE: Totals may not foot due to rounding Pending demands increased in 2Q 12 as a result of higher demands and lower resolution volume Mortgage Repurchase Trends ($ in millions) 2Q 11 3Q 11 4Q 11 1Q 12 2Q 12 2005 & Prior $21 $19 $21 $21 $30 2006 79 84 123 101 101 2007 183 245 373 234 247 2008 43 80 100 65 86 2009 - 2012 22 13 20 26 25 Total $348 $440 $636 $448 $489 % Non-Agency 5% 1% <1% 1% 1% (approx.) ($ in millions) 2Q 11 3Q 11 4Q 11 1Q 12 2Q 12 Period-end Balance $472 $490 $590 $564 $652 % Non-Agency 9% 6% 2% 2% 2% (approx.) ($ in millions) 2Q 11 3Q 11 4Q 11 1Q 12 2Q 12 Beginning Balance $270 $299 $282 $320 $383 Additions 90 117 215 175 155 Charge-Offs (61) (134) (177) (113) (104) Ending Balance $299 $282 $320 $383 $434 Metric (2005 – 2012 vintages)1 Amount ($B) Sold UPB $227.6 Remaining UPB 94.7 Cumulative Repurchase Requests 6.0 Requests Resolved 5.3 Losses Recognized to Date 1.4 2Q 12 Reserve 0.4 Income Statement Impact to Date 1.9 Memo: Non-Agency UPB 2 13.7

8 Noninterest Expense Noninterest Expense ($ in millions) Key Points Expenses Stable to Prior Quarter and Prior Year 1. Please refer to the appendix for adjustment detail NOTE: Totals may not foot due to rounding Prior Quarter Variance • $5 million increase in Noninterest Expense  $35 million decrease in employee compensation and benefits due to seasonality  Operating losses increased $9 million, FDIC expenses increased $8 million, and a $13 million non-cash charge was recognized due to the $1.2 billion trust preferred securities redemption Prior Year Variance • $11 million decrease in Adjusted Noninterest Expense  FDIC premium, credit-related expenses, and marketing decreased  Partially offset by higher outside processing and a modest increase in compensation $1,543 $1,561 $1,570 $1,531 $1,532 ($1) ($1) $97 $10 $14 2Q 11 3Q 11 4Q 11 1Q 12 2Q 12 Adjusted Noninterest Expense¹ Adjustment Items¹ $1,560 $1,542 $1,667 $1,541 $1,546

9 Loans Average Performing Loans Key Points Prior Quarter Variance • Performing loans grew $1.1 billion, or 1%; continued growth in targeted categories • Commercial growth driven by $1.3 billion, or 3%, increase in C&I • Residential loans were flat, as a $0.6 billion decline in Guaranteed Mortgage was offset by a $0.7 billion increase in high-FICO Non-guaranteed Mortgage Prior Year Variance • Performing loans grew $9.7 billion, or 9% • Commercial increased $4.4 billion – C&I grew $5.6 billion, or 12%, while CRE and Commercial Construction declined a combined $1.2 billion • Residential increased $1.3 billion; Guaranteed Mortgage grew $1.5 billion while Home Equity and Residential Construction declined • Consumer increased $3.9 billion, or 24%. All categories were higher, driven by a $2.6 billion increase in Guaranteed Student Loans Performing Loans Continued to Increase NOTE: Totals may not foot due to rounding $51.8 $52.5 $54.4 $55.2 $56.2 $43.0 $42.8 $43.4 $44.4 $44.3 $16.3 $17.0 $18.6 $20.1 $20.2 2Q 11 3Q 11 4Q 11 1Q 12 2Q 12 Commercial Residential Consumer $116.4 $119.7 $111.1 $112.2 $120.8 ($ in billions)

10 Balance Sheet De-risking Higher-risk Loans (period-end)1 Key Points • Higher-risk categories down $14.1 billion, or 60%, since 4Q 08 • Over the same time, government-guaranteed loans grew $10.1 billion, now totaling $12.9 billion Prior Quarter Variance • $0.4 billion, or 4%, decline in higher-risk loans, with declines evenly distributed among the major categories • $0.7 billion decline in government-guaranteed loans due to the sale of $0.5 billion of Guaranteed Mortgages Prior Year Variance • $2.1 billion, or 18%, decline in higher-risk loans • Commercial Construction down $0.7 billion, or 45% • Higher-risk Mortgages down $0.6 billion, or 17%, primarily from Prime 2nds and Residential Construction • Higher-risk Home Equity down $0.6 billion, or 11%, primarily from High LTV Lines and HE Loans Continued Declines in Higher-risk Categories 1. Higher-risk Mortgage products include Prime 2nds, Residential Construction, and Alt-A. Higher-risk Home Equity includes High LTV lines (includes Florida lines > 80% LTV and other lines > 90% LTV), Brokered Home Equity, and Home Equity Loans. Data includes performing and nonperforming loans 2. Includes government–guaranteed student and mortgage loans NOTE: Totals may not foot due to rounding Government-guaranteed Loans (period-end)2 ($ i n b il li o n s ) $6.9 $1.7 $1.4 $1.2 $1.1 $1.0 $8.1 $3.9 $3.8 $3.6 $3.4 $3.3 $8.3 $5.7 $5.5 $5.3 $5.2 $5.1 4Q 08 2Q 11 3Q 11 4Q 11 1Q 12 2Q 12 Higher-risk Home Equity Products Higher-risk Mortgage Products Commercial Construction $23.4 $11.4 $10.7 $10.2 $9.7 $9.3 ($ i n b il li o n s ) $2.8 $9.1 $9.8 $13.9 $13.6 $12.9 4Q 08 2Q 11 3Q 11 4Q 11 1Q 12 2Q 12

11 Credit Quality Improvement 30 - 89 Day Delinquencies Net Charge-offs2 Allowance for Loan and Lease Losses Continued Improvement in Key Metrics Nonperforming Assets2 ($ in millions) 1. Excludes government guaranteed mortgages and student loans. Additional detail is included in the appendix 2. 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 was reflected in Other Assets in the chart above 3. Excludes guaranteed student, guaranteed mortgages, and fair value loans from the denominator. Please refer to the appendix for adjustment detail $3,610 $3,239 $2,903 $2,649 $2,458 $494 $524 $489 $485 $342 2Q 11 3Q 11 4Q 11 1Q 12 2Q 12 Nonperforming Loans Other Assets $2,800 $3,134 $3,763 $4,104 $3,392 $2,744 $2,600 $2,457 $2,348 $2,300 1.09% 1.04% 1.17% 1.04% 0.97% 0.73% 0.70% 0.68% 0.59% 0.51% 2Q 11 3Q 11 4Q 11 1Q 12 2Q 12 Total Delinq. Delinq. Excl. Gov't Guar.¹ $505 $492 $472 $422 $350 1.76% 1.69% 1.57% 1.38% 1.14% 2Q 11 3Q 11 4Q 11 1Q 12 2Q 12 Net Charge-offs NCOs to Avg. Loans (annualized) 2.61% 2.42% 2.27% 2.16% 2.07% 2.40% 2.22% 2.01% 1.92% 1.85% 2Q 11 3Q 11 4Q 11 1Q 12 2Q 12 ALLL ($) ALLL Ratio excl. Gov't Guar.³ ALLL Ratio

12 Deposits Average Client Deposits Favorable Mix Trends Continued; DDA Continued To Be Largest Driver Prior Quarter Variance • Client Deposits increased marginally • The favorable shift in deposit mix continued  DDA up $1.2 billion, or 3%  Savings up $0.3 billion, or 6%  Time Deposits declined by $0.6 billion, or 4% Prior Year Variance • Client Deposits grew $4.0 billion, or 3% • Lower-cost deposits up $6.7 billion, or 7%  DDA increased $6.8 billion, or 23%  Savings up $0.6 billion, or 13% • Higher-cost Time Deposits declined $2.7 billion, or 14% ($ in billions) NOTE: Totals may not foot due to rounding $29.8 $31.9 $34.1 $35.4 $36.6 $24.7 $24.0 $25.0 $25.3 $25.0 $42.9 $43.1 $42.8 $42.5 $41.9 $4.6 $4.6 $4.7 $4.9 $5.2 $19.9 $19.3 $18.5 $17.8 $17.2 2Q 11 3Q 11 4Q 11 1Q 12 2Q 12 DDA NOW Money Market Savings Time $123.0 $121.9 $125.1 $125.8 $125.9 Key Points

13 Tier 1 Common1 Tangible Common Equity Ratio2 1. 2Q 12 is estimated 2. The tangible equity to tangible asset ratio was 8.07%, 8.38%, 8.10%, 8.14%, and 8.31% for the periods ending 2Q 11, 3Q 11, 4Q 11, 1Q 12, and 2Q 12, respectively 3. Book value per share was $36.30, $37.29, $36.86, $37.11, and $37.69 for the periods ending 2Q 11, 3Q 11, 4Q 11, 1Q 12, and 2Q 12, respectively Capital Ratios and Tangible Book Value per Share Expanded Tangible Book Value Per Share3 Capital Position $24.57 $25.60 $25.18 $25.49 $26.02 2Q 11 3Q 11 4Q 11 1Q 12 2Q 12 7.96% 8.28% 7.93% 7.98% 8.15% 2Q 11 3Q 11 4Q 11 1Q 12 2Q 12 $12.0 $12.2 $12.3 $12.5 $12.8 9.22% 9.31% 9.22% 9.33% 9.40% 2Q 11 3Q 11 4Q 11 1Q 12 2Q 12 Tier 1 Common ($B) Tier 1 Common Ratio

14 PPG Expense Program $250 Million of Annualized Savings Realized, up from $190 Million in 1Q 2012 Expected Savings Key Components 2Q 2012 Progress 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: 83% of savings realized 6/2012 $250MM • Further contract renegotiations • Continued to manage down spend on discretionary items including travel, temp labor, print, and wireless • Implemented new branch staffing model • Redesigned certain incentive compensation plans • Additional FTE reductions • Continued to leverage digital technology to reduce paper statements

15 1. Excludes the effects of the mortgage repurchase provision, which was $170 million during 1H 11 and $330 million during 1H 12 NOTE: Loan and deposit growth rates relate to quarterly average balances • DDA up 11% from 2Q 11 • YTD loan production volume up 19% • Noninterest income down 9% from 2Q 11 due to recent regulatory changes • Noninterest expense down 7% from 2Q 11 • Re-launch of Credit Card going well – new account sales more than 4x 2Q 11 levels 2Q 12 Revenue Distribution Mortgage Banking Consumer Banking and Private Wealth Management Wholesale Banking • 1H 12 net income of $342MM, almost double prior year • Record net income and revenue for Corporate & Investment Banking in 2Q 12 • Loans up 8% from 2Q 11 • DDA up 23% from 2Q 11, driven by Diversified Commercial Banking • Core CRE growth in early phases, but going well • YTD production volume up $5.5B, or over 50% • Core mortgage origination income up over $320 million1 YTD • Legacy issues drove net loss, but trends improving 43% 38% 13% 6% Consumer and PWM Wholesale Mortgage Corporate Other Line of Business Performance

16 Earnings Balance Sheet Revenue Expenses Credit and Capital • Net income to common shareholders of $270 million; earnings per share of $0.50 • Continued improvement in core performance • Average performing loans up 1% from 1Q 12 and 9% from 2Q 11 fueled by strong growth in C&I loans • Favorable lower-cost deposit mix shift continued; average DDA grew 3% from prior quarter and 23% from prior year • Noninterest income increased from 1Q 12 and 2Q 11 due primarily to strong mortgage origination • Net interest income and margin down from prior quarter due to expected reduction in swap income; net interest income increased from prior year due to improved deposit mix and lower cost of funds • Expenses stable to prior quarter and prior year • Current quarter included $13 million non-cash charge related to redemption of higher-cost trust preferred securities • All primary credit metrics again improved – NCOs down 17% sequentially • Tier 1 common ratio increased to 9.40% (estimated) 2Q 12 Summary

17 Appendix

18 Securities Portfolio $2.0 21.0 0.4 0.4 0.3 3.2 $27.3 U.S. Treasury and Agencies MBS – Agency U.S. States and Subdivisions Asset – Backed Securities Private MBS and Corporate Other Other Equity Total AFS Securities Available for Sale ($ in billions, period-end balances) NOTE: Columns may not foot due to rounding 1Q 2012 2Q 2012 $ Change $2.0 18.1 0.4 0.3 0.3 3.3 $24.4 - (2.9) - (0.1) - 0.1 $(2.9) High Quality and Liquid Portfolio

19 1. Excludes delinquencies on all federally guaranteed mortgages 2. Excludes delinquencies on federally guaranteed student loans 3. Excludes delinquencies on federally guaranteed mortgages and student loans from the calculation 4. 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 Decline in Delinquencies Continued Memo: ($ in millions) 2Q 11 3Q 11 4Q 11 1Q 12 2Q 12 2Q 12 LOAN BALANCE 30-89 Accruing Delinquencies Commercial & industrial 0.20% 0.15% 0.16% 0.14% 0.15% $52,030 Commercial real estate 0.26 0.17 0.17 0.27 0.17 4,825 Commercial construction 0.63 0.11 0.60 0.24 0.15 959 Total Commercial Loans 0.22 0.15 0.17 0.15 0.15 $57,814 Residential mortgage – guaranteed - - - - - 5,663 Residential mortgage – non-guaranteed 1.45 1.46 1.39 1.28 1.05 24,405 Home equity products 1.44 1.39 1.29 1.10 0.99 15,281 Residential construction 2.28 2.06 2.24 2.38 0.84 853 Total Residential Loans¹ 1.47 1.45 1.38 1.24 1.02 $46,202 Guaranteed student loans - - - - - 7,248 Other direct 0.82 0.76 0.68 0.75 0.62 2,225 Indirect 0.58 0.60 0.65 0.36 0.43 10,506 Credit card 1.86 1.59 1.33 1.05 1.06 565 Total Consumer Loans² 0.66 0.67 0.68 0.45 0.49 $20,544 Total SunTrust - excluding government guaranteed delinquencies³ 0.73% 0.70% 0.68% 0.59% 0.51% $124,560 Impact of excluding government guaranteed delinquencies 0.36% 0.34% 0.49% 0.45% 0.46% Total SunTrust - including government guaranteed delinquencies4 1.09% 1.04% 1.17% 1.04% 0.97%

20 Nonperforming Loans by Loan Class 1. During 1Q 12, $86 million of nonperforming residential mortgage loans were transferred to held for sale NOTE: Columns may not foot due to rounding 7% Sequential Quarter and 32% YOY Decline in Nonperforming Loans Memo: ($ in millions) 2Q 11 3Q 11 4Q 11 1Q 12 2Q 12 2Q 12 LOAN BALANCE Non-performing Loans Commercial & industrial $537 $479 $348 $337 $331 $52,030 Commercial real estate 399 341 288 280 233 4,825 Commercial construction 627 385 290 198 131 959 Total Commercial Loans $1,563 $1,205 $926 $815 $695 $57,814 Residential mortgages – guaranteed - - - - - 5,663 Residential mortgages – nonguaranteed¹ 1,412 1,417 1,393 1,291 1,286 24,405 Home equity products 335 340 338 317 302 15,281 Residential construction 266 250 220 204 154 853 Total Residential Loans $2,013 $2,007 $1,951 $1,812 $1,742 $46,202 Guaranteed student loans - - - - - 7,248 Other direct 9 7 6 6 4 2,225 Indirect 25 20 20 16 17 10,506 Credit cards - - - - - 565 Total Consumer Loans $34 $27 $26 $22 $21 $20,544 Total $3,610 $3,239 $2,903 $2,649 $2,458 $124,560

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 $26 million net charge-off was recognized NOTE: Columns may not foot due to rounding Net Charge-off Ratio Down Sequentially by 24 Basis Points Memo: ($ in millions) 2Q 11 3Q 11 4Q 11 1Q 12 2Q 12 2Q 12 LOAN BALANCE Net Charge-off %'s to Avg. Loans (ann'l.) Commercial Loans Commercial & industrial 0.66% 0.47% 0.61% 0.36% 0.26% $52,030 Commercial real estate 2.72 1.69 2.84 2.42 0.89 4,825 Commercial construction 13.09 27.04 9.18 8.74 7.70 959 Total Commercial Loans 1.34 1.37 1.02 0.72 0.45 $57,814 Residential Loans Residential mortgages – guaranteed - - - - - 5,663 Residential mortgages – nonguaranteed¹ 2.16 2.12 2.30 2.50 1.84 24,405 Home equity products 3.49 3.26 3.33 3.32 2.64 15,281 Residential construction 10.52 8.27 13.03 9.85 25.16 853 Total Residential Loans 2.65 2.47 2.63 2.57 2.33 $46,202 Consumer Loans Guaranteed student loans - - - - - 7,248 Other direct 2.14 1.74 1.46 1.69 1.55 2,225 Indirect 0.44 0.50 0.52 0.33 0.19 10,506 Credit cards 7.78 5.81 4.82 4.83 4.47 565 Total Consumer Loans 0.71 0.66 0.58 0.48 0.38 $20,544 Total 1.76% 1.69% 1.57% 1.38% 1.14% $124,560

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 $26 million net charge-off was recognized NOTE: Columns may not foot due to rounding 17% Sequential Quarter and 31% YOY Decline in Net Charge-offs Memo: ($ in millions) 2Q 11 3Q 11 4Q 11 1Q 12 2Q 12 2Q 12 LOAN BALANCE Net Charge-off $'s Commercial Loans Commercial & industrial $75 $56 $75 $45 $33 $52,030 Commercial real estate 40 23 38 30 11 4,825 Commercial construction 64 106 30 26 19 959 Total Commercial Loans $179 $185 $143 $101 $63 $57,814 Residential Loans Residential mortgages - guaranteed - - - - - 5,663 Residential mortgages - nonguaranteed¹ 125 124 135 145 110 24,405 Home equity products 141 132 133 129 102 15,281 Residential construction 31 23 34 23 56 853 Total Residential Loans $297 $279 $302 $297 $268 $46,202 Consumer Loans Guaranteed student loans - - - - - 7,248 Other direct 10 8 8 9 9 2,225 Indirect 10 12 13 8 4 10,506 Credit cards 9 8 6 7 6 565 Total Consumer Loans $29 $28 $27 $24 $19 $20,544 Total $505 $492 $472 $422 $350 $124,560

23 $2,719 $2,824 $2,820 $2,750 $2,699 $923 $883 $802 $714 $694 2Q 11 3Q 11 4Q 11 1Q 12 2Q 12 Accruing Nonaccruing Troubled Debt Restructuring (TDR) Composition Mortgage and Consumer Loans are 93% of Accruing TDRs; 89% are Current on Principal and Interest Payments TDR Trend Early Stage Accruing TDR Delinquencies Key Points ($ i n m il li o n s ) ($ i n m il li ons ) Prior Quarter Variance • Total TDRs declined 2% to $3.4 billion • Accruing balances declined 2% while nonaccruing fell 3% Prior Year Variance • Total TDRs declined by 7%  Accruing balances declined 1% while nonaccruing dropped 25%  The percentage of TDRs that are accruing increased to 80% in 2Q 12 from 75% in 2Q 11 NOTE: Columns may not foot due to rounding $3,642 $3,707 $3,622 $3,464 $3,393 $2,349 $2,441 $2,472 $2,438 $2,424 $207 $212 $187 $159 $146 $104 $109 $107 $87 $74 2Q 11 3Q 11 4Q 11 1Q 12 2Q 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) 2Q 11 3Q 11 4Q 11 1Q 12 2Q 12 Total Noninterest Income $912 $903 $723 $876 $940 Adjustment Items: Securities Gains 32 2 19 18 14 Fair Market Value Adjustments (Trading Income) (1) (17) (13) 2 1 STI Debt Valuation (Trading Income) 1 17 65 17 (16) (1) SunTrust Index-linked CDs (SILC) (Trading Income) 8 13 - (6) (1) Auction Rate Securities (Trading Income) 4 (4) - (1) 0 Fair Value Adjustments (Mortgage Production) (9) 4 (1) (1) 6 HARP 2.0 MSR Valuation Adjustment (Mtg. Servicing) - - (38) - - Total Adjustments 51 63 (16) (5) 20 Adjusted Noninterest Income $861 $840 $739 $881 $920

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 4.4 8.7 8.8 21.9 Private Label2 5.6 4.2 0.0 9.8 Total Outstanding UPB 10.0 12.9 8.8 31.7 Demands (Includes Never 120DPD) Received 1.8 2.8 0.6 5.3 Resolved 1.7 2.5 0.5 4.7 Pending 0.1 0.3 0.1 0.6 Demands Repurchased 0.9 1.5 0.3 2.6 Repurchase Rate -Life-to-date 52% 58% 57% 56% -Last Twelve Months 46% 51% 57% 51% Severity -Life-to-date 45% 53% 51% 50% -Last Twelve Months 63% 60% 51% 59% Delinquency Status Ever 120 Days Past Due3 $7.7 $10.9 $3.0 $21.5 Ever 120DPD/Sold UPB 18.3% 21.6% 10.7% 17.9% Demands/Ever 120DPD 23.4% 26.1% 20.8% 24.4%

26 Noninterest Expense Reconciliation ($ in millions) 2Q 11 3Q 11 4Q 11 1Q 12 2Q 12 Total Noninterest Expense $1,542 $1,560 $1,667 $1,541 $1,546 Adjustment Items: AHG Writedown (Other Exp.) - - 10 - - (Gain)/Loss on Debt Extinguishment (1) (1) - - 13 Pension Curtailment, Net of 401(k) Contribution (Employee Compensation and Benefits) - - (60) - - PPG Severance (Other Exp.) - - 27 10 1 Potential Mortgage Servicing Settlement & Claims Expense - - 120 - - Total Adjustments (1) (1) 97 10 14 Adjusted Noninterest Expense $1,543 $1,561 $1,570 $1,531 $1,532

27 Additional Noninterest Expense Disclosure Credit-related Expenses and Operating Losses NOTE: Columns may not foot due to rounding $60 $70 $93 $56 $61 $64 $62 $68 $50 $52 $62 $72 $97 $60 $69 2Q 11 3Q 11 4Q11 1Q12 2Q12 Credit & Collections (Other Exp.) Other Real Estate (Other Exp.) Operating Losses $186 $205 $258 $166 $182 ($ in m il lion s )

28 Reconciliation of Allowance for Loan and Lease Losses Ratios ($ in millions) June 30 Sept. 30 Dec. 31 Mar. 31 June 30 2011 2011 2011 2012 2012 Total Loans $114,913 $117,475 $122,495 $122,691 $124,560 Government Guaranteed Mortgages 4,513 4,449 6,672 6,447 5,663 Government Guaranteed Student Loans 4,620 5,333 7,199 7,186 7,248 Fair Value Loans 449 452 433 413 406 Total Loans, excluding Government Guaranteed and Fair Value Loans $105,331 $107,241 $108,191 $108,645 $111,243 Allowance for Loan and Lease Losses $2,744 $2,600 $2,457 $2,348 $2,300 ALLL to Total Loans, excluding Government Guaranteed and Fair Value Loans 2.61% 2.42% 2.27% 2.16% 2.07% NOTE: Totals may not foot due to rounding

29 Reconciliation of Non GAAP Measures Three Months Ended ($ in billions, except per share data) June 30 Sept. 30 Dec. 31 Mar. 31 June 30 2011 2011 2011 2012 2012 Total shareholders' equity $19.7 $20.2 $20.1 $20.2 $20.6 Goodwill, net of deferred taxes (6.2) (6.2) (6.2) (6.2) (6.2) Other intangible assets including MSRs, net of deferred taxes (1.5) (1.1) (1.0) (1.1) (0.9) MSRs 1.4 1.0 0.9 1.1 0.9 Tangible equity 13.4 13.9 13.8 14.0 14.3 Preferred stock (0.2) (0.2) (0.3) (0.3) (0.3) Tangible common equity $13.2 $13.7 $13.6 $13.7 $14.0 Total assets 172.2 172.6 176.9 178.2 178.3 Goodwill (6.3) (6.3) (6.3) (6.3) (6.4) Other intangible assets including MSRs (1.5) (1.1) (1.0) (1.2) (0.9) MSRs 1.4 1.0 0.9 1.1 0.9 Tangible assets 165.7 166.1 170.4 171.8 171.8 Tangible equity to tangible assets 8.07% 8.38% 8.10% 8.14% 8.31% Tangible common equity to tangible assets 7.96% 8.28% 7.93% 7.98% 8.15% Tangible book value per common share $24.57 $25.60 $25.18 $25.49 $26.02 NOTE: Totals may not foot due to rounding