News Release

Contact:
Investors				Media
Greg Ketron				Barry Koling
(404) 827-6714				(404) 230-5268

For Immediate Release
April 17, 2006

SunTrust Reports Record First Quarter 2006 Earnings
Company’s Strong Growth Trends Continue in the New Year 

ATLANTA — SunTrust Banks, Inc. (NYSE: STI) today reported record net income for the first quarter of 2006 of $531.5 million, up 8% from $492.3 million in the first quarter of 2005. Net income per diluted share was also a record $1.46, up 7% from $1.36 in the first quarter of 2005.

‘‘Our first quarter results are evidence that we continue to build on the strong operating platform that we have established. We are pleased to report that the Company started out the new year with record results in net income and earnings per share despite a challenging environment. The continued execution of our business strategies across all lines of business drove another quarter of significant loan and revenue growth. This growth, coupled with continued improvement in credit quality, resulted in the strong earnings that we posted for the first quarter,’’ L. Phillip Humann, chairman and CEO of SunTrust noted. Revenue growth was 9%, and excluding the net gain on sale of factoring assets in the first quarter of 2005 and securities gains and losses, revenue growth was 10% over the first quarter of 2005. Loan growth was 13% over this same time frame. Mr. Humann noted that credit quality trends continued to improve from the already low historical levels experienced over the past year, with key credit measures such as net charge-offs and nonperforming loans to total loans falling to cyclical lows in the first quarter of 2006.

First Quarter 2006 Consolidated Highlights

				1st Quarter 2006				1st Quarter 2005				Reported % Change
Income Statement
(Dollars in millions except per share data)
Net income				$	531.5			$	492.3				8	%
Net income per diluted share					1.46				1.36				7	%
Revenue – fully taxable-equivalent					2,050.9				1,883.0				9	%
Revenue – fully taxable-equivalent excluding securities gains and losses and net gain on sale of factoring assets					2,050.8				1,868.8				10	%
Noninterest income					851.5				753.8				13	%
Noninterest income excluding securities gains and losses and net gain on sale of factoring assets					851.4				739.6				15	%
Balance Sheet
(Dollars in billions)
Average loans				$	116.3			$	103.2				13	%
Average consumer and commercial deposits					95.3				91.0				5	%
Asset Quality
Net charge-offs to average loans					0.08	%			0.14	%
Nonperforming loans to total loans					0.25	%			0.34	%

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First Quarter 2006 Consolidated Highlights, continued

•	Net income increased 8% and net income per diluted share increased 7% from the first quarter of 2005 driven by the strong revenue growth.

•

Total fully taxable-equivalent revenue increased 9% from the first quarter of 2005 driven by noninterest income growth of 13% and fully taxable-equivalent net interest income growth of 6%. Excluding securities gains and losses and the net gain on the sale of factoring assets, total fully taxable-equivalent revenue increased by 10% and noninterest income increased by 15% from the first quarter of 2005.

•	Noninterest income growth was led by mortgage-related income, which was driven by strong production levels as well as higher mortgage servicing-related income.

•	Total average loans increased 13% and total average consumer and commercial deposits increased 5% from the first quarter of 2005 reflecting the effectiveness of SunTrust’s company-wide sales focus.

•	Net charge-offs were 0.08% of average loans, down from 0.14% of average loans in the first quarter of 2005. Nonperforming loans to total loans improved as well, dropping from 0.34% for the first quarter of 2005 to 0.25% for the first quarter in 2006, both reflecting exceptional credit quality levels.

CONSOLIDATED FINANCIAL PERFORMANCE

Revenue

Fully taxable-equivalent revenue was $2,050.9 million for the first quarter of 2006, up 9% from the first quarter of 2005. Fully taxable-equivalent revenue, excluding securities gains and losses and the net gain on sale of factoring assets that occurred in the first quarter of 2005, increased 10% from the first quarter of 2005. Fully taxable-equivalent revenue growth was driven by strong increases in both fully taxable-equivalent net interest income and noninterest income. On a sequential annualized basis, fully-taxable-equivalent revenue increased 9% in the first quarter of 2006 from the fourth quarter of 2005.

Net Interest Income

Fully taxable-equivalent net interest income was $1,199.4 million in the first quarter of 2006, up 6% from the first quarter of 2005. The primary factor driving the fully taxable-equivalent net interest income growth year-over-year was strong loan growth. Loans grew 13% on average from the first quarter of 2005. The net interest margin of 3.10% for the first quarter of 2006 was unchanged from the fourth quarter of 2005.

Noninterest Income

Total noninterest income was $851.5 million for the first quarter of 2006, up a strong 13% from the first quarter of 2005. Excluding securities gains and losses and the net gain on sale of factoring assets recorded in the first quarter of 2005, total noninterest income grew 15%. A significant portion of the increase resulted from growth in mortgage related income, reflecting the continued strength in loan production-related income as well as an increase in mortgage servicing-related income. An increase in the level of loan sales as well as our continued sales efforts drove the increase in production-related income in the first quarter. The increase in servicing-related income experienced during the first quarter is an indication of the increased income created from the larger servicing portfolio, a reduction in the mortgage servicing amortization rate and the realization of the value embedded in the excess mortgage servicing rights through the securitization and subsequent sale of a portion of the excess servicing rights. Additionally, growth in card fees, investment banking income, trust and investment management income and service charges also contributed. On a sequential annualized basis, noninterest income increased 27% in the first quarter of 2006 from the fourth quarter of 2005, largely driven by the increase in mortgage-related income in the first quarter.

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Noninterest Expense

Total noninterest expense in the first quarter of 2006 was $1,226.5 million, up 8% from the first quarter of 2005. The increase in expense reflects certain investments in revenue producing divisions of the Company, including the addition of offices and employees and investment in the infrastructure of the organization to gain greater efficiencies in the future. The increase in marketing and customer development expense reflects the Company’s focus on customer acquisition. Offsetting these increases was the lack of merger-related expenses in the first quarter of 2006. On a sequential annualized basis, noninterest expense increased 6% in the first quarter of 2006 from the fourth quarter of 2005. Excluding the merger-related expenses in the fourth quarter of 2005 from total noninterest expense, the increase was 9%. The respective increases of 6% and 9% were mainly attributable to increases in certain employee benefit expenses that are seasonal, such as FICA expense.

The reported efficiency ratio was 59.80% for the first quarter of 2006 compared to 60.20% for the fourth quarter of 2005, an improvement of 40 basis points. Excluding the effect of merger-related expenses included in the fourth quarter of 2005, the efficiency ratio for that quarter was 59.87% and the improvement was 7 basis points.

Balance Sheet

As of March 31, 2006, SunTrust had total assets of $178.9 billion. Shareholders’ equity of $17.2 billion as of March 31, 2006 represented 10% of total assets. Book value per share was $47.22 as of March 31, 2006, up from $46.65 as of December 31, 2005.

Loans

Average loans for the first quarter of 2006 were $116.3 billion, up 13% from the first quarter of 2005. On a sequential annualized basis, average loans grew 9% in the first quarter of 2006 from the fourth quarter of 2005. Areas of strongest growth in consumer lending were residential real estate and home equity lines. Although reported commercial loans grew 1%, the sequential annualized rate of growth excluding the impact of shorter-term corporate lending facilities, which are temporary and can fluctuate from quarter-to-quarter, was 9% in the first quarter of 2006 from the fourth quarter of 2005. Real estate construction also contributed to the overall loan growth.

Deposits

Average consumer and commercial deposits for the first quarter of 2006 were $95.3 billion, up 5% from the first quarter of 2005. The growth in deposits was driven mainly by growth in money market accounts and certificates of deposit. On a sequential annualized basis, average consumer and commercial deposits were flat compared to the fourth quarter of 2005. Seasonal declines in noninterest bearing, NOW and savings deposits, as well as the expected seasonal decline in mortgage escrow balances, were offset by strong certificate of deposit growth. Given market conditions and the higher rate environment, customer preference is for higher-yielding deposit products, which is reflected in the deposit mix shift from the fourth quarter to the first quarter. The Company continues to pursue deposit growth initiatives aimed at product promotions, as well as increasing our presence in specific markets within our footprint.

Asset Quality

The Company reached cyclical lows in several key credit measures in the first quarter of 2006 from the already exceptionally good levels in prior quarters. Net charge-offs in the first quarter of 2006 were 0.08% of average loans, down from 0.17% of average loans in the fourth quarter of 2005 and 0.14% of average loans in the first quarter of 2005. Net charge-offs were $22.3 million in the first quarter of 2006 compared to $49.9 million in the fourth quarter of 2005 and $36.8 million in the first quarter of 2005. Nonperforming assets were relatively stable in the first quarter of 2006 compared to the fourth quarter of 2005, and were down $58.0 million, or 15%, from the first quarter of 2005. Nonperforming assets were $334.3 million, or 0.28% of loans, other real estate owned and other repossessed assets as of March 31, 2006 compared to $334.2 million, or 0.29% of loans, other real estate owned and other repossessed assets as of December 31, 2005.

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The allowance for loan and lease losses increased $11.1 million to $1,039.2 million as of March 31, 2006 from $1,028.1 million as of December 31, 2005 due to strong loan growth during the period. Provision expense decreased from $48.1 million in the fourth quarter of 2005 to $33.4 million in the first quarter of 2006. The allowance for loan and lease losses as of March 31, 2006 represented 0.88% of period-end loans, a slight decrease from 0.90% as of December 31, 2005. The allowance for loan and lease losses as of March 31, 2006 represented 358.7% of period-end nonperforming loans, an increase from 346.9% as of December 31, 2005.

LINE OF BUSINESS FINANCIAL PERFORMANCE

Retail

preliminary data (in millions)				1st Quarter 2006				1st Quarter 2005				% Change
Net income				$	190.5			$	141.6				35	%
Revenue – fully taxable-equivalent					850.7				759.3				12	%
Average total loans					31,246.0				29,519.8				6	%
Average total deposits					67,158.1				63,527.4				6	%

Retail’s net income for the first quarter of 2006 was $190.5 million, an increase of $48.9 million, or 35%, compared to the first quarter of 2005. The increase was primarily the result of higher fully taxable-equivalent net interest income, lower net charge-offs and higher noninterest income partially offset by higher noninterest expense.

Fully taxable-equivalent net interest income increased $71.0 million, or 14%, from the first quarter of 2005. The increase was attributable to loan and deposit growth and widening deposit spreads due to deposit rate increases that have been slower relative to market rate increases. Average loans increased $1.7 billion, or 6%, and average deposits increased $3.6 billion, or 6% from the first quarter of 2005. The loan growth was driven primarily by home equity lines, while the deposit growth was driven by certificates of deposit.

Provision for loan losses, which represents net charge-offs for the lines of business, decreased $12.9 million, or 40%, from the first quarter of 2005 primarily due to a decline in consumer indirect net charge-offs.

Total noninterest income increased $20.4 million, or 9%, from the first quarter of 2005. The increase was driven primarily by interchange income due to increased volumes, gains on sales of student loans and service charges on deposit accounts.

Total noninterest expense increased $29.2 million, or 6%, from the first quarter of 2005. The increase was driven primarily by increases in personnel expense and operation costs related to investments in the branch distribution network and technology.

Commercial

preliminary data (in millions)				1st Quarter 2006				1st Quarter 2005				% Change
Net income				$	106.8			$	91.5				17	%
Revenue – fully taxable-equivalent					300.7				267.4				13	%
Average total loans					31,508.4				29,949.6				5	%
Average total deposits					13,705.4				13,256.4				3	%

Commercial’s net income for the first quarter of 2006 was $106.8 million, an increase of $15.2 million, or 17%, compared to the first quarter of 2005. The increase was driven by higher fully taxable-equivalent net interest income and noninterest income, partially offset by an increase in noninterest expense.

Fully taxable-equivalent net interest income increased $22.5 million, or 11%, from the first quarter of 2005. The increase is attributable to increased loan volumes and deposit spreads. Average loans

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increased $1.6 billion, or 5%, from the first quarter of 2005 with the strongest growth in construction lending. Average deposits increased $449.1 million, or 3%, from the first quarter of 2005 driven by an increase in public funds and partially offset by a decrease in demand deposits.

Provision for loan losses, which represents net charge-offs for the lines of business, improved from a net recovery position of $0.4 million in the first quarter of 2005 to a net recovery position of $1.1 million in the first quarter of 2006.

Total noninterest income increased $10.8 million, or 19%, from the first quarter of 2005. The increase was primarily driven by increases in Affordable Housing revenue, sweep income and letter of credit fees.

Total noninterest expense increased $12.4 million, or 9%, from the first quarter of 2005. Investment in personnel and higher Affordable Housing expenses were the primary drivers.

Corporate and Investment Banking

preliminary data (in millions)				1st Quarter 2006				1st Quarter 2005				% Change
Net income				$	64.2			$	72.5				(12	)%
Impact of factoring asset divestiture					(0.0	)			(14.5	)
Net income excluding impact of factoring asset divestiture					64.2				58.0				11	%
Revenue – fully taxable-equivalent					225.4				236.4				(5	)%
Impact of factoring asset divestiture					(0.2	)			(27.9	)
Revenue excluding impact of factoring asset divestiture					225.2				208.5				8	%
Average total loans (including leases)					16,106.2				13,946.2				16	%
Average total deposits					3,693.2				3,133.5				18	%

Corporate and Investment Banking’s net income for the first quarter of 2006 was $64.2 million, a decrease of $8.3 million, or 12%, compared to the first quarter of 2005. Growth in fully taxable-equivalent net interest and capital markets income in the first quarter of 2006 was offset by the divestiture of factoring assets in the first quarter of 2005. Adjusting net income and fully taxable-equivalent revenue for the impact from the March 2005 divestiture of factoring assets, net income increased 11%, and fully taxable-equivalent revenue increased 8% from the first quarter of 2005.

Fully taxable-equivalent net interest income increased $8.3 million, or 14%, from the first quarter of 2005. Average loans and leases increased $2.2 billion, or 16%, from the first quarter of 2005. Average deposits increased $559.7 million, or 18%, from the first quarter of 2005. Loan growth is due to increased corporate demand and merger and acquisition activity. Corporate demand for long-term CDs drove deposit growth.

Provision for loan losses, which represents net charge-offs for the lines of business, declined from a net recovery position of $0.7 million in the first quarter of 2005 to a net recovery position of $0.4 million in the first quarter of 2006.

Total noninterest income decreased $19.4 million, or 11%, from the first quarter of 2005 primarily driven by the divestiture of factoring assets in the first quarter of 2005. Also contributing to the decrease was weakness in merger and acquisition related fees and fixed income trading. This was partially offset by revenue growth related to securitizations, derivatives and syndicated loans.

Total noninterest expense increased $2.3 million, or 2%, from the first quarter of 2005. The majority of this change was due to increased compensation as a direct result of capital markets revenue growth. This was partially offset by the expense reduction from the factoring asset divestiture.

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Mortgage

preliminary data (in millions)				1st Quarter 2006				1st Quarter 2005				% Change
Net income				$	79.7			$	38.2				109	%
Revenue – fully taxable-equivalent					268.8				170.3				58	%
Average total loans					28,924.5				21,977.5				32	%
Average total deposits					1,443.9				1,298.4				11	%

Mortgage’s net income for the first quarter of 2006 was $79.7 million, an increase of $41.5 million, or 109%, compared to the first quarter of 2005. Record loan sales to investors, gains from the securitization and sale of excess mortgage servicing rights and increased volumes drove the increase.

Fully taxable-equivalent net interest income increased by $23.0 million, or 18%, from the first quarter of 2005. Total average loans increased $6.9 billion, or 32%, from the first quarter of 2005 due to strong construction-permanent production and continued demand for portfolio loan products. The higher loan balances contributed $22.3 million to the increase in net interest income. Loans held for sale increased $3.3 billion, or 58%, to $9.1 billion from the first quarter of 2005. However, due to compressed spreads, income from loans held for sale decreased $3.5 million, or 8%, from the first quarter of 2005. Average deposits were up $145.6 million, or 11%, from the first quarter of 2005 due to increased escrow balances associated with higher servicing balances. The higher deposit balances combined with the benefit in a higher rate environment from this funding contributed an additional $4.6 million to net interest income.

Provision for loan losses, which represents net charge-offs for the lines of business, increased $1.7 million to $2.8 million from the first quarter of 2005, which was less than 0.01% of total average loans for the first quarter of 2006.

Total noninterest income was up $75.5 million, or 169%, from the first quarter of 2005. Production income increased $43.8 million, or 219%, from the first quarter of 2005 principally due to higher loan sales to investors. Loan sales were up $4.9 billion, or 92%, from the first quarter of 2005 to a record level of $10.3 billion. Increased loan production also contributed to higher noninterest income. Loan production was $11.6 billion, up $2.9 billion, or 34%, from the first quarter of 2005. Servicing income increased $32.3 million, or 274% compared with last year. The securitization and subsequent sale of excess mortgage servicing rights related to $12.8 billion in servicing balances resulted in income of $24.4 million. Additionally, fee income increased due to higher servicing balances. Total loans serviced as of March 31, 2006 were $112.2 billion compared to $83.6 billion as of March 31, 2005, an increase of $28.5 billion or 34%.

Total noninterest expense increased by $31.3 million, or 28%, from the first quarter of 2005. Increased volume and growth-related costs were the primary drivers of the higher expense.

Wealth and Investment Management

preliminary data (in millions)				1st Quarter 2006				1st Quarter 2005				% Change
Net income				$	45.7			$	42.7				7	%
Revenue – fully taxable-equivalent					331.2				310.1				7	%
Average total loans					8,149.1				7,574.3				8	%
Average total deposits					9,217.4				9,403.9				(2	)%

Wealth and Investment Management’s net income for the first quarter of 2006 was $45.7 million, an increase of $2.9 million, or 7%, compared to the first quarter of 2005. The growth was primarily driven by increased net interest income, partially offset by expenses related to the continued build-out of the business.

Fully taxable-equivalent net interest income increased $15.0 million, or 19%, from the first quarter of 2005 attributable to increased loan volume and deposit spreads. Average loans increased

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$574.7 million, or 8%, from the first quarter of 2005 driven by strong consumer mortgage, equity line and commercial real estate demand, partially offset by a decline in consumer direct installment loans. Average deposits decreased $186.4 million, or 2%, from the first quarter of 2005.

Provision for loan losses, which represents net charge-offs for the lines of business, decreased $0.1 million from the first quarter of 2005.

Total noninterest income increased $6.1 million, or 3%, from the first quarter of 2005 due to growth in trust income which resulted from higher assets under management. Assets under management increased approximately $7.8 billion, or 6%, from last year due to new business and an increase in equity market valuations. End of period assets under management were approximately $136.9 billion compared to $129.1 billion in the same period last year. Assets under management include individually managed assets, the STI Classic Funds, institutional assets managed by Trusco Capital Management and participant-directed retirement accounts. SunTrust’s total assets under advisement were approximately $245.4 billion, which include $136.9 billion in assets under management, $45.5 billion in non-managed trust assets, $35.0 billion in retail brokerage assets and $28.0 billion in non-managed corporate trust assets.

Total noninterest expense increased $16.6 million, or 7%, from the first quarter of 2005. The growth was primarily driven by increased expenses paid to third parties, increased operations costs, and continued investments in the business.

Corporate Other and Treasury

preliminary data (in millions)				1st Quarter 2006				1st Quarter 2005				% Change
Net income				$	44.8			$	105.8				(58	)%
Securities available for sale					24,754.2				27,067.9				(9	)%

Corporate Other and Treasury’s net income for the first quarter of 2006 was $44.8 million, a decrease of $61.0 million, or 58%, compared to the same period in 2005 mainly due to a decrease in net interest income.

Fully taxable-equivalent net interest income decreased $69.7 million, or 52%, from the first quarter of 2005. The main drivers for the reduction in net interest income were a $2.3 billion decrease in securities available for sale, a decrease in income on receive fixed/pay floating interest rate swaps used to extend the duration of the commercial loan portfolio, and an increase in short-term borrowing costs due to an increase in the size of these borrowings needed to fund earning asset growth, as well as a significant rise in short-term interest rates over the past year.

Total average deposits increased $11.0 billion, or 80%, from last year mainly due to growth in brokered and foreign deposits of $11.2 billion. Additionally, other short-term borrowings and long-term debt declined $2.5 billion from the first quarter of 2005.

Provision for loan losses, which represents the difference between net charge-offs for the lines of business and total provision for loan losses, increased $34.5 million from the first quarter of 2005.

Total noninterest income increased $4.2 million, or 76%, from the first quarter of 2005. This was mainly due to net securities gains of $0.1 million in the first of 2006 compared to net securities losses of $6.4 million in the same period of 2005.

Total noninterest expense increased $0.8 million, or 6%, from the first quarter of 2005.

Corresponding Financial Tables and Information

To view the corresponding financial tables and information, please refer to the Investor Relations section located under ‘‘About SunTrust’’ on our Web site at www.suntrust.com. This information may also be directly accessed via the quick link entitled ‘‘1st Quarter Earnings Release’’ on the SunTrust homepage.

Conference Call

SunTrust management will host a conference call on April 17, 2006 at 8:00 a.m. (Eastern Time) to discuss the earnings results and business trends. Individuals are encouraged to call in beginning at 7:45

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a.m. (Eastern Time) by dialing 1-888-972-7805 (Passcode: 1Q06; Leader: Greg Ketron). Individuals calling from outside the United States should dial 1-517-308-9091 (Passcode: 1Q06; Leader: Greg Ketron). A replay of the call will be available beginning April 17, 2006 and ending May 1, 2006 by dialing 1-866-498-5444 (domestic) or 1-203-369-1795 (international).

Alternatively, individuals may listen to the live webcast of the presentation by visiting the SunTrust Web site at www.suntrust.com. The webcast will be hosted under ‘‘Investor Relations’’ located under ‘‘About SunTrust’’ or may be accessed directly from the SunTrust home page by clicking on the earnings-related link, ‘‘1st Quarter Earnings Release.’’ Beginning the afternoon of April 17, 2006, listeners may access an archived version of the webcast in the ‘‘Webcasts and Presentations’’ subsection found under ‘‘Investor Relations.’’ 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 high-growth Southeast and Mid-Atlantic states and a full array of technology-based, 24-hour delivery channels. The Company also serves customers in selected markets nationally. Its primary businesses include deposit, credit, trust and investment services. Through various subsidiaries the Company provides credit cards, mortgage banking, insurance, brokerage, equipment leasing and capital markets services. SunTrust's Internet address is www.suntrust.com.

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Forward Looking Statements

This press release contains forward-looking statements, including statements about future prospects of the Company and credit quality. Statements that are not historical or current facts, including statements about beliefs and expectations, are forward-looking statements. These statements often include the words "may," "could," "would," "should," "believes," "expects," "anticipates," "estimates," "intends," "plans," "targets," "potentially," "probably," "projects," "outlook" or similar expressions. Such statements are based upon the current beliefs and expectations of SunTrust's management and are subject to significant risks and uncertainties. Do not unduly rely on forward-looking statements. Actual results may differ materially from those set forth in the forward-looking statements. Factors that could cause SunTrust’s results to differ materially from those described in the forward-looking statements can be found in the Company’s 2005 Annual Report on Form 10-K, in the Quarterly Reports on Form 10-Q and in the Current Reports filed on Form 8-K with the Securities and Exchange Commission and available at the Securities and Exchange Commission's internet site (http://www.sec.gov). Those factors include (1) 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; (2) changes in market interest rates or capital markets could adversely affect our revenues and expenses, the value of assets and obligations, costs of capital, or liquidity; (3) the fiscal and monetary policies of the federal government and its agencies could have a material adverse effect on our earnings; (4) a decrease in the market for residential real estate could harm our revenue and profitability; (5) clients could pursue alternatives to bank deposits, causing us to lose a relatively inexpensive source of funding; (6) consumers may decide not to use banks to complete their financial transactions, which could affect our net income; (7) we have businesses other than banking which subjects the Company to a variety of risks; (8) hurricanes and other natural disasters may adversely affect loan portfolios and operations and increase the cost of doing business; (9) negative public opinion could damage our reputation and adversely impact business and revenues; (10) we rely on other companies to provide key components of our business infrastructure; (11) we depend on the accuracy and completeness of information about clients and counterparties; (12) regulation by federal and state agencies could adversely affect the business, revenue and profit margins; (13) competition in the financial services industry is intense and could result in losing business or reducing margins; (14) future legislation could harm our competitive position; (15) maintaining or increasing market share depends on market acceptance and regulatory

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approval of new products and services; (16) the Company’s ability to receive dividends from its subsidiaries accounts for most of its revenue and could affect its liquidity and ability to pay dividends; (17) 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; (18) we depend on the expertise of key personnel, and if these individuals leave or change their roles without effective replacements then operations could suffer; (19) we may not be able to hire or retain additional qualified personnel and recruiting 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 the business strategy; (20) our accounting policies and methods are key to how we report financial condition and results of operations, and may require management to make estimates about matters that are uncertain; (21) our stock price can be volatile; and (22) our disclosure controls and procedures may not prevent or detect all errors or acts of fraud. The forward-looking statements in this press release speak only as of the date of this filing, and SunTrust does not assume any obligation to update the forward-looking statements or to update the reasons why actual results could differ from those contained in the forward-looking statements.

This press release contains certain non-GAAP financial measures to describe our Company’s performance. The reconciliation of those measures to the most directly comparable GAAP financial measures, and the reasons why SunTrust believes such financial measures may be useful to investors, can be found in the financial information contained in the appendices of this press release.

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SunTrust Banks, Inc. and Subsidiaries
FINANCIAL HIGHLIGHTS
(Dollars in millions, except per share data) (Unaudited)

				Three Months Ended March 31								% Change
				2006				2005
EARNINGS & DIVIDENDS
Net income				$	531.5			$	492.3				8.0	%
Total revenue – FTE 2					2,050.9				1,883.0				8.9
Total revenue – FTE excluding securities gains and losses and net gain on sale of RCM assets 1					2,050.8				1,868.8				9.7
Net income per average common share
Diluted					1.46				1.36				7.4
Basic					1.48				1.37				8.0
Dividends paid per average common share					0.61				0.55				10.9
CONDENSED BALANCE SHEETS
Selected Average Balances
Total assets				$	177,618			$	161,218				10.2	%
Earning assets					156,714				140,853				11.3
Loans					116,263				103,216				12.6
Consumer and commercial deposits					95,292				90,968				4.8
Brokered and foreign deposits					24,652				13,424				83.6
Shareholders' equity					17,052				16,119				5.8
As of
Total assets					178,876				164,811				8.5
Earning assets					157,448				143,678				9.6
Loans					118,130				104,761				12.8
Allowance for loan and lease losses					1,039				1,024				1.5
Consumer and commercial deposits					97,940				93,035				5.3
Brokered and foreign deposits					23,836				14,499				64.4
Shareholders' equity					17,157				16,104				6.5
FINANCIAL RATIOS & OTHER DATA
Return on average total assets					1.21	%			1.24	%			(2.4	)%
Return on average assets less net unrealized securities gains 1					1.19				1.23				(3.3	)
Return on average total equity					12.64				12.39				2.0
Return on average realized shareholders' equity 1					13.06				13.23				(1.3	)
Net interest margin 2					3.10				3.25				(4.6	)
Efficiency ratio 2					59.80				60.22				(0.7	)
Tangible efficiency ratio 1					58.47				58.56				(0.2	)
Effective tax rate					31.03				31.71				(2.1	)
Full-time equivalent employees					33,697				33,139				1.7
Number of ATM's					2,786				2,804				(0.6	)
Full service banking offices					1,677				1,693				(0.9	)
Traditional					1,332				1,346				(1.0	)
In-store					345				347				(0.6	)
Tier 1 capital ratio					7.10	% 3			7.07	%			0.3	%
Total capital ratio					10.70	3			10.44				2.5
Tier 1 leverage ratio					6.70	3			6.61				1.4
Total average shareholders' equity to total average assets					9.60				10.00				(4.0	)
Tangible equity to tangible assets 1					5.72				5.52				3.6
Book value per share					47.22				44.59				5.9
Market price:
High					76.75				74.18				3.5
Low					69.68				69.00				1.0
Close					72.76				72.07				1.0
Market capitalization					26,437				26,030				1.6
Average common shares outstanding (000s)
Diluted					363,437				363,138				0.1
Basic					359,934				358,253				0.5

1	See Appendix A for a reconcilement of non-GAAP performance measures. "RCM" refers to Receivables Capital Management.

2	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 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.

	Revenue — FTE equals net interest income — FTE plus noninterest income.

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

10

SunTrust Banks, Inc. and Subsidiaries
FIVE QUARTER FINANCIAL HIGHLIGHTS
(Dollars in millions, except per share data) (Unaudited)

				Three Months Ended
				March 31 2006				December 31 2005				September 30 2005				June 30 2005				March 31 2005
EARNINGS & DIVIDENDS
Net income				$	531.5			$	518.5			$	510.8			$	465.7			$	492.3
Total revenue – FTE 2					2,050.9				2,005.0				2,008.1				1,913.3				1,883.0
Total revenue – FTE excluding securities gains and losses and net gain on sale of RCM assets 1					2,050.8				2,004.4				2,006.7				1,913.4				1,868.8
Net income per average common share
Diluted					1.46				1.43				1.40				1.28				1.36
Basic					1.48				1.44				1.42				1.30				1.37
Dividends paid per average common share					0.61				0.55				0.55				0.55				0.55
CONDENSED BALANCE SHEETS
Selected Average Balances
Total assets				$	177,618			$	175,769			$	169,934			$	165,254			$	161,218
Earning assets					156,714				154,380				149,282				145,058				140,853
Loans					116,263				113,828				110,818				106,967				103,216
Consumer and commercial deposits					95,292				95,257				94,076				93,065				90,968
Brokered and foreign deposits					24,652				21,010				17,969				15,709				13,424
Shareholders' equity					17,052				16,876				16,823				16,276				16,119
As of
Total assets					178,876				179,713				172,416				168,953				164,811
Earning assets					157,448				157,661				151,469				147,996				143,678
Loans					118,130				114,555				112,411				109,594				104,761
Allowance for loan and lease losses					1,039				1,028				1,030				1,036				1,024
Consumer and commercial deposits					97,940				97,572				94,465				93,814				93,035
Brokered and foreign deposits					23,836				24,481				19,265				15,763				14,499
Shareholders' equity					17,157				16,887				16,718				16,646				16,104
FINANCIAL RATIOS & OTHER DATA
Return on average total assets					1.21	%			1.17	%			1.19	%			1.13	%			1.24	%
Return on average assets less net unrealized securities gains 1					1.19				1.15				1.18				1.11				1.23
Return on average total equity					12.64				12.19				12.05				11.48				12.39
Return on average realized shareholders' equity 1					13.06				12.75				12.81				12.02				13.23
Net interest margin 2					3.10				3.10				3.12				3.16				3.25
Efficiency ratio 2					59.80				60.20				58.62				61.30				60.22
Tangible efficiency ratio 1					58.47				58.79				57.13				59.74				58.56
Effective tax rate					31.03				28.97				31.12				30.90				31.71
Full-time equivalent employees					33,697				33,406				33,013				32,751				33,139
Number of ATM's					2,786				2,782				2,769				2,761				2,804
Full service banking offices					1,677				1,657				1,647				1,642				1,693
Traditional					1,332				1,325				1,319				1,319				1,346
In-store					345				332				328				323				347
Tier 1 capital ratio					7.10	% 3			7.01	%			7.03	%			7.04	%			7.07	%
Total capital ratio					10.70	3			10.57				10.66				10.25				10.44
Tier 1 leverage ratio					6.70	3			6.65				6.64				6.65				6.61
Total average shareholders' equity to total average assets					9.60				9.60				9.90				9.85				10.00
Tangible equity to tangible assets 1					5.72				5.56				5.68				5.72				5.52
Book value per share					47.22				46.65				46.28				45.96				44.59
Market price:
High					76.75				75.46				75.77				75.00				74.18
Low					69.68				65.32				68.85				69.60				69.00
Close					72.76				72.76				69.45				72.24				72.07
Market capitalization					26,437				26,338				25,089				26,162				26,030
Average common shares outstanding (000s)
Diluted					363,437				363,175				363,854				363,642				363,138
Basic					359,934				359,203				359,702				359,090				358,253

1	See Appendix A for a reconcilement of non-GAAP performance measures. "RCM" refers to Receivables Capital Management.

2	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 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.

	Revenue — FTE equals net interest income — FTE plus noninterest income.

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

11

SunTrust Banks, Inc. and Subsidiaries
CONSOLIDATED BALANCE SHEETS
(Dollars in thousands) (Unaudited)

				As of March 31								Increase/(Decrease)
				2006				2005				Amount				%
ASSETS
Cash and due from banks				$	4,158,082			$	4,178,424			$	(20,342	)			(0.5	)%
Interest-bearing deposits in other banks					81,857				17,456				64,401				368.9
Funds sold and securities purchased under agreements to resell					1,108,841				1,764,554				(655,713	)			(37.2	)
Trading assets					2,937,137				2,516,512				420,625				16.7
Securities available for sale 1					27,335,487				29,374,017				(2,038,530	)			(6.9	)
Loans held for sale					9,351,662				6,955,538				2,396,124				34.4
Loans:
Commercial					33,496,827				33,261,968				234,859				0.7
Real estate:
Home equity lines					13,791,702				11,974,594				1,817,108				15.2
Construction					12,068,483				8,430,066				3,638,417				43.2
Residential mortgages					32,366,617				25,554,889				6,811,728				26.7
Commercial real estate					12,571,041				11,957,627				613,414				5.1
Consumer:
Direct					5,421,722				6,865,462				(1,443,740	)			(21.0	)
Indirect					8,130,463				6,528,621				1,601,842				24.5
Business credit card					283,390				187,632				95,758				51.0
Total loans					118,130,245				104,760,859				13,369,386				12.8
Allowance for loan and lease losses					(1,039,247	)			(1,023,746	)			(15,501	)			1.5
Net loans					117,090,998				103,737,113				13,353,885				12.9
Goodwill					6,897,105				6,861,721				35,384				0.5
Other intangible assets					1,123,463				1,073,154				50,309				4.7
Other assets					8,791,844				8,332,465				459,379				5.5
Total assets 2				$	178,876,476			$	164,810,954			$	14,065,522				8.5
LIABILITIES
Noninterest-bearing consumer and commercial deposits				$	24,649,242			$	24,448,291			$	200,951				0.8	%
Interest-bearing consumer and commercial deposits:
NOW accounts					17,514,277				17,897,932				(383,655	)			(2.1	)
Money market accounts					26,144,180				25,017,969				1,126,211				4.5
Savings					5,283,632				7,382,097				(2,098,465	)			(28.4	)
Consumer time					14,397,034				12,796,957				1,600,077				12.5
Other time					9,951,523				5,492,237				4,459,286				81.2
Total consumer and commercial deposits					97,939,888				93,035,483				4,904,405				5.3
Brokered deposits					16,965,675				8,183,776				8,781,899				107.3
Foreign deposits					6,870,179				6,315,625				554,554				8.8
Total deposits					121,775,742				107,534,884				14,240,858				13.2
Funds purchased					4,346,238				3,744,742				601,496				16.1
Securities sold under agreements to repurchase					6,970,317				6,368,963				601,354				9.4
Other short-term borrowings					1,494,384				2,167,383				(672,999	)			(31.1	)
Long-term debt					18,919,961				22,498,447				(3,578,486	)			(15.9	)
Trading liabilities					1,734,328				1,051,095				683,233				65.0
Other liabilities					6,478,058				5,341,181				1,136,877				21.3
Total liabilities					161,719,028				148,706,695				13,012,333				8.8
SHAREHOLDERS' EQUITY
Preferred stock, no par value					—				—				—				—
Common stock, $1.00 par value					370,578				370,578				—				—
Additional paid in capital					6,743,418				6,754,301				(10,883	)			(0.2	)
Retained earnings					9,621,597				8,412,574				1,209,023				14.4
Treasury stock, at cost, and other					(472,505	)			(523,790	)			51,285				(9.8	)
Accumulated other comprehensive income					894,360				1,090,596				(196,236	)			(18.0	)
Total shareholders' equity					17,157,448				16,104,259				1,053,189				6.5
Total liabilities and shareholders' equity				$	178,876,476			$	164,810,954			$	14,065,522				8.5
Common shares outstanding					363,338,615				361,176,868				2,161,747				0.6
Common shares authorized					750,000,000				750,000,000				—				—
Treasury shares of common stock					7,239,783				9,401,530				(2,161,747	)			(23.0	)
1 Includes net unrealized gains of				$	1,497,176			$	1,710,792			$	(213,616	)			(12.5	)%
2 Includes earning assets of					157,448,053				143,678,144				13,769,909				9.6

12

SunTrust Banks, Inc. and Subsidiaries
FIVE QUARTER CONSOLIDATED BALANCE SHEETS
(Dollars in thousands) (Unaudited)

				As of
				March 31 2006				December 31 2005				September 30 2005				June 30 2005				March 31 2005
ASSETS
Cash and due from banks				$	4,158,082			$	4,659,664			$	4,228,590			$	4,476,229			$	4,178,424
Interest-bearing deposits in other banks					81,857				332,444				22,694				24,255				17,456
Funds sold and securities purchased under agreements to resell					1,108,841				1,313,498				1,208,087				1,496,544				1,764,554
Trading assets					2,937,137				2,811,225				2,470,160				2,489,467				2,516,512
Securities available for sale 1					27,335,487				26,525,821				26,867,580				28,767,390				29,374,017
Loans held for sale					9,351,662				13,695,613				10,378,411				7,656,249				6,955,538
Loans
Commercial					33,496,827				33,764,183				33,109,716				33,750,907				33,261,968
Real estate:
Home equity lines					13,791,702				13,635,705				13,268,826				12,812,764				11,974,594
Construction					12,068,483				11,046,903				10,225,044				9,540,554				8,430,066
Residential mortgages					32,366,617				29,877,312				28,646,871				26,756,044				25,554,889
Commercial real estate					12,571,041				12,516,035				12,566,702				12,692,682				11,957,627
Consumer:
Direct					5,421,722				5,060,844				5,513,473				4,981,830				6,865,462
Indirect					8,130,463				8,389,401				8,829,635				8,842,322				6,528,621
Business credit card					283,390				264,512				250,543				217,097				187,632
Total loans					118,130,245				114,554,895				112,410,810				109,594,200				104,760,859
Allowance for loan and lease losses					(1,039,247	)			(1,028,128	)			(1,029,855	)			(1,036,173	)			(1,023,746	)
Net loans					117,090,998				113,526,767				111,380,955				108,558,027				103,737,113
Goodwill					6,897,105				6,835,168				6,841,631				6,873,111				6,861,721
Other intangible assets					1,123,463				1,122,967				1,112,873				1,094,803				1,073,154
Other assets					8,791,844				8,889,674				7,905,115				7,516,500				8,332,465
Total assets 2				$	178,876,476			$	179,712,841			$	172,416,096			$	168,952,575			$	164,810,954
LIABILITIES
Noninterest-bearing consumer and commercial deposits				$	24,649,242			$	26,327,663			$	24,548,595			$	24,514,476			$	24,448,291
Interest-bearing consumer and commercial deposits:
NOW accounts					17,514,277				17,781,451				16,896,647				17,574,815				17,897,932
Money market accounts					26,144,180				25,484,016				26,065,278				25,798,052				25,017,969
Savings					5,283,632				5,423,878				5,670,516				6,124,696				7,382,097
Consumer time					14,397,034				13,436,072				12,786,056				12,131,283				12,796,957
Other time					9,951,523				9,119,302				8,497,819				7,670,308				5,492,237
Total consumer and commercial deposits					97,939,888				97,572,382				94,464,911				93,813,630				93,035,483
Brokered deposits					16,965,675				15,644,932				12,837,377				11,419,706				8,183,776
Foreign deposits					6,870,179				8,835,864				6,427,770				4,343,762				6,315,625
Total deposits					121,775,742				122,053,178				113,730,058				109,577,098				107,534,884
Federal funds purchased					4,346,238				4,258,013				3,085,738				5,199,559				3,744,742
Securities sold under agreements to
repurchase					6,970,317				6,116,520				6,603,466				6,712,000				6,368,963
Other short-term borrowings					1,494,384				1,937,624				3,173,951				2,728,111				2,167,383
Long-term debt					18,919,961				20,779,249				22,364,776				21,565,176				22,498,447
Trading liabilities					1,734,328				1,529,325				1,064,603				1,003,495				1,051,095
Other liabilities					6,478,058				6,151,537				5,675,754				5,520,940				5,341,181
Total liabilities					161,719,028				162,825,446				155,698,346				152,306,379				148,706,695
SHAREHOLDERS' EQUITY
Preferred stock, no par value					—				—				—				—				—
Common stock, $1.00 par value					370,578				370,578				370,578				370,578				370,578
Additional paid in capital					6,743,418				6,761,684				6,758,901				6,763,940				6,754,301
Retained earnings					9,621,597				9,310,978				8,991,168				8,679,452				8,412,574
Treasury stock, at cost, and other					(472,505	)			(493,936	)			(541,176	)			(465,736	)			(523,790	)
Accumulated other comprehensive income					894,360				938,091				1,138,279				1,297,962				1,090,596
Total shareholders' equity					17,157,448				16,887,395				16,717,750				16,646,196				16,104,259
Total liabilities and shareholders' equity				$	178,876,476			$	179,712,841			$	172,416,096			$	168,952,575			$	164,810,954
Common shares outstanding					363,338,615				361,984,193				361,248,048				362,159,995				361,176,868
Common shares authorized					750,000,000				750,000,000				750,000,000				750,000,000				750,000,000
Treasury shares of common stock					7,239,783				8,594,205				9,330,350				8,418,403				9,401,530
1 Includes net unrealized gains of				$	1,497,176			$	1,572,033			$	1,888,990			$	2,032,317			$	1,710,792
2 Includes earning assets of					157,448,053				157,661,463				151,468,752				147,995,788				143,678,144

13

SunTrust Banks, Inc. and Subsidiaries
CONSOLIDATED STATEMENTS OF INCOME
(Dollars in thousands, except per share data) (Unaudited)

				Three Months Ended
				March 31								Increase/(Decrease)
				2006				2005				Amount				%
Interest income				$	2,278,713			$	1,716,022			$	562,691				32.8	%
Interest expense					1,099,672				604,462				495,210				81.9
NET INTEREST INCOME					1,179,041				1,111,560				67,481				6.1
Provision for loan losses					33,403				10,556				22,847				216.4
NET INTEREST INCOME AFTER
PROVISION FOR LOAN LOSSES					1,145,638				1,101,004				44,634				4.1
NONINTEREST INCOME
Service charges on deposit accounts					186,185				184,103				2,082				1.1
Trust and investment management income					168,089				164,515				3,574				2.2
Retail investment services					54,989				55,143				(154	)			(0.3	)
Other charges and fees					112,382				111,375				1,007				0.9
Investment banking income					51,815				50,007				1,808				3.6
Trading account profits and commissions					36,875				44,046				(7,171	)			(16.3	)
Card fees					56,603				48,156				8,447				17.5
Net gain on sale of RCM assets					—				19,874				(19,874	)			(100.0	)
Mortgage production related income					63,037				17,997				45,040				250.3
Mortgage servicing related income					44,710				12,210				32,500				266.2
Other noninterest income					76,717				52,047				24,670				47.4
Securities gains/(losses)					104				(5,659	)			5,763				(101.8	)
Total noninterest income					851,506				753,814				97,692				13.0
NONINTEREST EXPENSE
Employee compensation and benefits					704,965				634,793				70,172				11.1
Net occupancy expense					81,044				75,851				5,193				6.8
Outside processing and software					94,892				82,848				12,044				14.5
Equipment expense					49,448				52,882				(3,434	)			(6.5	)
Marketing and customer development					42,646				31,629				11,017				34.8
Amortization of intangible assets					27,245				31,217				(3,972	)			(12.7	)
Merger expense					—				25,738				(25,738	)			(100.0	)
Other noninterest expense					226,251				198,948				27,303				13.7
Total noninterest expense					1,226,491				1,133,906				92,585				8.2
INCOME BEFORE PROVISION FOR INCOME TAXES					770,653				720,912				49,741				6.9
Provision for income taxes					239,126				228,618				10,508				4.6
NET INCOME				$	531,527			$	492,294			$	39,233				8.0
Net interest income – FTE 1				$	1,199,379			$	1,129,226			$	70,153				6.2
Net income per average common share
Diluted					1.46				1.36				0.10				7.4
Basic					1.48				1.37				0.11				8.0
Cash dividends paid per common share					0.61				0.55				0.06				10.9
Average shares outstanding (000s)
Diluted					363,437				363,138				299				0.1
Basic					359,934				358,253				1,681				0.5

1	Net interest income includes the effects of FTE adjustments using a federal tax rate of 35% and state income taxes where applicable to increase tax-exempt interest income to a taxable-equivalent basis.

14

SunTrust Banks, Inc. and Subsidiaries
FIVE QUARTER CONSOLIDATED STATEMENTS OF INCOME
(Dollars in thousands, except per share data) (Unaudited)

				Three Months Ended
				March 31 2006				December 31 2005				September 30 2005				June 30 2005				March 31 2005
Interest income				$	2,278,713			$	2,175,340			$	1,996,674			$	1,843,273			$	1,716,022
Interest expense					1,099,672				988,304				840,013				719,564				604,462
NET INTEREST INCOME					1,179,041				1,187,036				1,156,661				1,123,709				1,111,560
Provision for loan losses					33,403				48,126				70,393				47,811				10,556
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES					1,145,638				1,138,910				1,086,268				1,075,898				1,101,004
NONINTEREST INCOME
Service charges on deposit accounts					186,185				196,792				198,348				193,276				184,103
Trust and investment management income					168,089				172,900				168,802				167,503				164,515
Retail investment services					54,989				53,250				52,257				52,624				55,143
Other charges and fees					112,382				115,507				117,341				112,258				111,375
Investment banking income					51,815				59,727				53,090				53,706				50,007
Trading account profits and commissions					36,875				27,418				41,837				31,819				44,046
Card fees					56,603				57,688				52,924				52,011				48,156
Net gain on sale of RCM assets					—				—				3,508				—				19,874
Mortgage production related income					63,037				34,817				65,833				26,238				17,997
Mortgage servicing related income					44,710				13,519				5,242				10,885				12,210
Other noninterest income					76,717				65,705				75,285				70,616				52,047
Securities (losses)/gains					104				600				(2,069	)			(27	)			(5,659	)
Total noninterest income					851,506				797,923				832,398				770,909				753,814
NONINTEREST EXPENSE
Employee compensation and benefits					704,965				643,801				632,333				623,284				634,793
Net occupancy expense					81,044				83,217				79,519				73,483				75,851
Outside processing and software					94,892				92,305				92,952				89,282				82,848
Equipment expense					49,448				49,494				50,083				51,579				52,882
Marketing and customer development					42,646				50,133				38,651				36,298				31,629
Amortization of intangible assets					27,245				28,192				29,737				29,818				31,217
Merger expense					—				6,538				12,104				54,262				25,738
Other noninterest expense					226,251				253,247				241,692				214,819				198,948
Total noninterest expense					1,226,491				1,206,927				1,177,071				1,172,825				1,133,906
INCOME BEFORE PROVISION FOR
INCOME TAXES					770,653				729,906				741,595				673,982				720,912
Provision for income taxes					239,126				211,435				230,821				208,282				228,618
NET INCOME				$	531,527			$	518,471			$	510,774			$	465,700			$	492,294
Net interest income – FTE 1				$	1,199,379			$	1,207,061			$	1,175,742			$	1,142,429			$	1,129,226
Net income per average common share
Diluted					1.46				1.43				1.40				1.28				1.36
Basic					1.48				1.44				1.42				1.30				1.37
Cash dividends paid per common share					0.61				0.55				0.55				0.55				0.55
Average shares outstanding (000s)
Diluted					363,437				363,175				363,854				363,642				363,138
Basic					359,934				359,203				359,702				359,090				358,253

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.

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
				March 31, 2006												December 31, 2005
				Average Balances				Interest Income/ Expense				Yields/ Rates				Average Balances				Interest Income/ Expense				Yields/ Rates
ASSETS
Loans:
Real estate 1-4 family				$	31,489.6			$	456.4				5.80	%		$	29,893.4			$	422.7				5.66	%
Real estate construction					11,117.5				195.6				7.14				10,147.9				173.9				6.80
Real estate home equity lines					13,389.9				235.1				7.12				13,067.7				218.2				6.62
Real estate commercial					12,780.4				204.4				6.49				12,792.1				201.7				6.26
Commercial – FTE 1					33,064.5				482.8				5.92				32,997.2				466.5				5.61
Business credit card					278.1				4.4				6.30				271.8				4.2				6.21
Consumer – direct					5,284.8				84.2				6.46				5,438.2				83.8				6.11
Consumer – indirect					8,553.0				115.2				5.46				8,899.1				122.0				5.44
Nonaccrual and restructured					304.5				4.1				5.52				320.2				3.5				4.31
Total loans					116,262.3				1,782.2				6.22				113,827.6				1,696.5				5.91
Securities available for sale:
Taxable					23,927.9				283.1				4.73				24,005.4				273.8				4.56
Tax-exempt – FTE 1					916.5				13.4				5.85				908.1				13.3				5.87
Total securities available for sale – FTE 1					24,844.4				296.5				4.77				24,913.5				287.1				4.61
Funds sold and securities purchased under agreements to resell					1,130.1				12.0				4.23				1,068.4				10.4				3.82
Loans held for sale					11,359.6				177.9				6.26				11,980.8				180.9				6.04
Interest-bearing deposits					293.6				2.4				3.34				31.9				0.3				3.96
Trading assets					2,823.6				28.1				4.04				2,557.7				20.2				3.13
Total earning assets					156,713.6				2,299.1				5.95				154,379.9				2,195.4				5.64
Allowance for loan and lease losses					(1,037.8	)											(1,034.8	)
Cash and due from banks					4,056.0												4,349.2
Premises and equipment					1,871.1												1,833.5
Other assets					14,402.6												14,370.1
Unrealized gains on securities available for sale, net					1,612.8												1,871.2
Total assets				$	177,618.3											$	175,769.1
LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing deposits:
NOW accounts				$	17,000.0			$	60.5				1.44	%		$	17,011.3			$	52.2				1.22	%
Money market accounts					25,628.4				146.6				2.32				25,797.6				128.6				1.98
Savings					5,291.2				15.0				1.15				5,472.9				13.7				0.99
Consumer time					13,894.6				117.3				3.42				13,231.5				106.8				3.20
Other time					9,579.6				91.7				3.88				9,050.8				82.2				3.60
Total interest-bearing consumer and commercial deposits					71,393.8				431.1				2.45				70,564.1				383.5				2.16
Brokered deposits					15,447.9				172.7				4.47				13,658.6				142.8				4.09
Foreign deposits					9,203.8				101.8				4.42				7,351.3				74.9				3.99
Total interest-bearing deposits					96,045.5				705.6				2.98				91,574.0				601.2				2.60
Funds purchased					3,974.9				43.8				4.40				4,742.3				47.9				3.95
Securities sold under agreements to repurchase					6,865.1				68.4				3.99				6,452.1				58.1				3.53
Other short-term borrowings					1,866.6				25.2				5.47				2,800.6				30.7				4.35
Long-term debt					20,413.0				256.7				5.10				21,189.9				250.4				4.69
Total interest-bearing liabilities					129,165.1				1,099.7				3.45				126,758.9				988.3				3.09
Noninterest-bearing deposits					23,898.6												24,693.0
Other liabilities					7,502.8												7,441.6
Shareholders' equity					17,051.8												16,875.6
Total liabilities and shareholders' equity				$	177,618.3											$	175,769.1
Interest Rate Spread													2.50	%											2.55	%
Net Interest Income – FTE 1								$	1,199.4											$	1,207.1
Net Interest Margin													3.10	%											3.10	%

1	The fully taxable-equivalent (‘‘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.

16

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
				September 30, 2005												June 30, 2005												March 31, 2005
				Average Balances				Interest Income/ Expense				Yields/ Rates				Average Balances				Interest Income/ Expense				Yields/ Rates				Average Balances				Interest Income/ Expense				Yields/ Rates
ASSETS
Loans:
Real estate 1-4 family				$	28,250.5			$	388.4				5.50	%		$	26,224.1			$	347.8				5.31	%		$	23,435.7			$	300.5				5.13	%
Real estate construction					9,515.7				152.6				6.36				9,196.9				137.6				6.00				9,621.2				134.8				5.68
Real estate home equity lines					12,648.6				195.7				6.14				12,134.7				173.7				5.74				11,573.7				152.8				5.35
Real estate commercial					12,872.0				193.0				5.95				12,214.5				171.9				5.64				9,537.0				124.8				5.31
Commercial – FTE 1					32,601.7				428.7				5.22				32,393.4				398.6				4.94				33,423.9				394.9				4.79
Business credit card					223.5				3.8				6.89				213.1				3.5				6.52				197.7				3.4				6.81
Consumer – direct					5,173.0				76.7				5.88				5,404.7				79.3				5.88				6,767.2				96.6				5.79
Consumer – indirect					9,179.8				124.9				5.40				8,861.1				117.7				5.33				8,384.4				112.1				5.42
Nonaccrual and restructured					353.6				3.8				4.25				324.2				3.1				3.78				275.0				2.8				4.19
Total loans					110,818.4				1,567.6				5.61				106,966.7				1,433.2				5.37				103,215.8				1,322.7				5.20
Securities available for sale:
Taxable					25,252.1				281.6				4.46				26,526.7				293.3				4.42				26,477.7				288.3				4.36
Tax-exempt – FTE 1					872.2				12.9				5.91				857.8				12.7				5.93				836.1				12.7				6.10
Total securities available for sale – FTE 1					26,124.3				294.5				4.51				27,384.5				306.0				4.47				27,313.8				301.0				4.41
Funds sold and securities purchased under agreements to resell					1,391.8				11.9				3.35				1,560.7				11.2				2.84				1,604.3				9.7				2.41
Loans held for sale					8,571.5				123.0				5.74				6,783.0				95.7				5.65				6,393.2				86.1				5.39
Interest-bearing deposits					18.5				0.2				3.72				31.9				0.3				3.85				17.5				0.1				1.60
Trading assets					2,357.3				18.6				3.12				2,330.9				15.6				2.68				2,308.2				14.1				2.48
Total earning assets					149,281.8				2,015.8				5.36				145,057.7				1,862.0				5.15				140,852.8				1,733.7				4.99
Allowance for loan and lease losses					(1,036.5	)											(1,030.7	)											(1,065.5	)
Cash and due from banks					4,226.8												4,368.5												4,309.5
Premises and equipment					1,842.6												1,848.1												1,862.9
Other assets					13,517.1												13,218.4												13,225.7
Unrealized gains on securities available for sale, net					2,102.2												1,791.6												2,032.8
Total assets				$	169,934.0											$	165,253.6											$	161,218.2
LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing deposits:
NOW accounts				$	16,853.1			$	44.3				1.04	%		$	17,519.6			$	38.6				0.88	%		$	17,479.8			$	33.8				0.78	%
Money market accounts					26,299.7				125.5				1.89				25,472.9				102.7				1.62				24,767.4				82.1				1.34
Savings					5,865.1				13.6				0.92				6,462.4				14.2				0.88				7,506.9				15.5				0.84
Consumer time					12,419.3				91.7				2.93				12,122.0				81.2				2.69				12,324.0				75.1				2.47
Other time					8,117.1				67.5				3.30				7,177.9				54.2				3.03				5,166.6				34.9				2.74
Total interest-bearing consumer and commercial deposits					69,554.3				342.6				1.95				68,754.8				290.9				1.70				67,244.7				241.4				1.46
Brokered deposits					10,940.4				94.6				3.38				9,580.3				75.9				3.14				6,462.1				41.1				2.54
Foreign deposits					7,028.8				61.5				3.42				6,128.9				43.8				2.82				6,962.3				40.0				2.30
Total interest-bearing deposits					87,523.5				498.7				2.26				84,464.0				410.6				1.95				80,669.1				322.5				1.62
Funds purchased					3,468.1				30.3				3.41				3,467.7				27.0				3.08				3,870.1				23.4				2.42
Securities sold under agreements to repurchase					6,671.1				51.7				3.03				6,380.3				41.0				2.54				6,263.9				32.8				2.09
Other short-term borrowings					2,625.9				24.9				3.76				2,634.1				22.5				3.42				2,591.3				17.0				2.65
Long-term debt					21,929.4				234.5				4.24				21,547.2				218.5				4.07				22,197.7				208.8				3.82
Total interest-bearing liabilities					122,218.0				840.1				2.73				118,493.3				719.6				2.44				115,592.1				604.5				2.12
Noninterest-bearing deposits					24,521.5												24,309.7												23,723.1
Other liabilities					6,371.6												6,175.0												5,783.6
Shareholders' equity					16,822.9												16,275.6												16,119.4
Total liabilities and shareholders' equity				$	169,934.0											$	165,253.6											$	161,218.2
Interest Rate Spread													2.63	%											2.71	%											2.87	%
Net Interest Income – FTE 1								$	1,175.7											$	1,142.4											$	1,129.2
Net Interest Margin													3.12	%											3.16	%											3.25	%

1	The fully taxable-equivalent (‘‘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.

17

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

				Three Months Ended
				March 31								% Change
				2006				2005
CREDIT DATA
Allowance for loan and lease losses – beginning				$	1,028,128			$	1,050,024				(2.1	)%
Provision for loan losses					33,403				10,556				216.4
Charge-offs
Commercial					(13,453	)			(16,610	)			(19.0	)
Real estate:
Home equity lines					(5,784	)			(2,282	)			153.5
Construction					(128	)			(797	)			(83.9	)
Residential mortgages					(6,304	)			(6,191	)			1.8
Commercial real estate					(961	)			(825	)			16.5
Consumer:
Direct					(6,134	)			(4,572	)			34.2
Indirect					(21,502	)			(33,816	)			(36.4	)
Total charge-offs					(54,266	)			(65,093	)			(16.6	)
Recoveries
Commercial					7,083				9,737				(27.3	)
Real estate:
Home equity lines					1,950				798				144.4
Construction					54				191				(71.7	)
Residential mortgages					2,269				1,176				92.9
Commercial real estate					3,394				338				904.1
Consumer:
Direct					3,594				2,540				41.5
Indirect					13,638				13,479				1.2
Total recoveries					31,982				28,259				13.2
Net charge-offs					(22,284	)			(36,834	)			(39.5	)
Allowance for loan and lease losses – ending				$	1,039,247			$	1,023,746				1.5
Net charge-offs to average loans (annualized)
Commercial					0.08	%			0.08	%			(6.5	)%
Real estate:
Home equity lines					0.12				0.05				154.8
Construction					0.00				0.02				(82.6	)
Residential mortgages					0.05				0.08				(32.3	)
Commercial real estate					(0.08	)			0.02				(472.7	)
Consumer:
Direct					0.19				0.12				60.1
Indirect					0.37				0.96				(61.1	)
Total net charge-offs to total average loans					0.08	%			0.14	%			(42.9	)%
Period Ended
Nonaccrual loans
Commercial				$	52,911			$	116,386				(54.5	)%
Real estate:
Construction					28,130				36,793				(23.5	)
Residential mortgages					115,800				112,166				3.2
Commercial real estate					45,626				45,192				1.0
Consumer loans					20,327				26,520				(23.4	)
Total nonaccrual loans					262,794				337,057				(22.0	)
Restructured loans					26,949				20,071				34.3
Total nonperforming loans					289,743				357,128				(18.9	)
Other real estate owned (OREO)					38,920				27,555				41.2
Other repossessed assets					5,652				7,662				(26.2	)
Total nonperforming assets				$	334,315			$	392,345				(14.8	)
Total accruing loans past due 90 days or more1				$	399,462			$	182,591				118.8	%
Total nonperforming loans to total loans					0.25	%			0.34	%			(26.5	)%
Total nonperforming assets to total loans plus OREO and other repossessed assets					0.28				0.37				(24.3	)
Allowance to period-end loans					0.88				0.98				(10.2	)
Allowance to nonperforming loans					358.7				286.7				25.1

1	Beginning in June 2005, Ginnie Mae potential buybacks are included in total accruing loans past due 90 days or more.

18

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

				Three Months Ended
				March 31 2006				December 31 2005				% Change				September 30 2005				June 30 2005				March 31 2005
CREDIT DATA
Allowance for loan and lease losses – beginning				$	1,028,128			$	1,029,855				(0.2	)%		$	1,036,173			$	1,023,746			$	1,050,024
Provision for loan losses					33,403				48,126				(30.6	)			70,393				47,811				10,556
Charge-offs
Commercial					(13,453	)			(23,157	)			(41.9	)			(52,450	)			(19,779	)			(16,610	)
Real estate:
Home equity lines					(5,784	)			(7,930	)			(27.1	)			(6,992	)			(7,344	)			(2,282	)
Construction					(128	)			(3,265	)			(96.1	)			(748	)			(1,191	)			(797	)
Residential mortgages					(6,304	)			(5,984	)			5.3				(9,106	)			(1,512	)			(6,191	)
Commercial real estate					(961	)			(1,551	)			(38.0	)			(328	)			(393	)			(825	)
Consumer:
Direct					(6,134	)			(9,714	)			(36.9	)			(9,229	)			(13,684	)			(4,572	)
Indirect					(21,502	)			(28,136	)			(23.6	)			(25,761	)			(21,898	)			(33,816	)
Total charge-offs					(54,266	)			(79,737	)			(31.9	)			(104,614	)			(65,801	)			(65,093	)
Recoveries
Commercial					7,083				9,561				(25.9	)			7,732				9,278				9,737
Real estate:
Home equity lines					1,950				1,877				3.9				2,030				1,457				798
Construction					54				90				(40.0	)			205				312				191
Residential mortgages					2,269				2,409				(5.8	)			2,137				2,403				1,176
Commercial real estate					3,394				369				819.8				1,415				556				338
Consumer:
Direct					3,594				3,559				1.0				3,569				3,841				2,540
Indirect					13,638				12,019				13.5				10,815				12,570				13,479
Total recoveries					31,982				29,884				7.0				27,903				30,417				28,259
Net charge-offs					(22,284	)			(49,853	)			(55.3	)			(76,711	)			(35,384	)			(36,834	)
Allowance for loan and lease losses – ending				$	1,039,247			$	1,028,128				1.1			$	1,029,855			$	1,036,173			$	1,023,746
Net charge-offs to average loans (annualized)
Commercial					0.08	%			0.16	%			(52.2	)%			0.54	%			0.13	%			0.08	%
Real estate:
Home equity lines					0.12				0.18				(41.1	)			0.16				0.19				0.05
Construction					0.00				0.12				(46.7	)			0.02				0.04				0.02
Residential mortgages					0.05				0.05				5.0				0.10				(0.01	)			0.08
Commercial real estate					(0.08	)			0.04				(316.0	)			(0.03	)			(0.01	)			0.02
Consumer:
Direct					0.19				0.45				(55.4	)			0.43				0.72				0.12
Indirect					0.37				0.72				(46.7	)			0.64				0.42				0.96
Total net charge-offs to total average loans					0.08	%			0.17	%			(52.9	)%			0.27	%			0.13	%			0.14	%
Period Ended
Nonaccrual loans
Commercial				$	52,911			$	70,880				(25.4	)%		$	98,291			$	116,609			$	116,386
Real estate:
Construction					28,130				24,442				15.1				33,182				50,311				36,793
Residential mortgages					115,800				103,317				12.1				101,826				102,201				112,166
Commercial real estate					45,626				44,603				2.3				50,546				36,456				45,192
Consumer loans					20,327				28,732				(29.3	)			23,943				22,441				26,520
Total nonaccrual loans					262,794				271,974				(3.4	)			307,788				328,018				337,057
Restructured loans					26,949				24,399				10.5				21,876				21,236				20,071
Total nonperforming loans					289,743				296,373				(2.2	)			329,664				349,254				357,128
Other real estate owned (OREO)					38,920				30,682				26.8				26,013				25,263				27,555
Other repossessed assets					5,652				7,160				(21.1	)			7,060				5,786				7,662
Total nonperforming assets				$	334,315			$	334,215				0.0			$	362,737			$	380,303			$	392,345
Total accruing loans past due 90 days or more 1				$	399,462			$	371,491				7.5	%		$	318,694			$	271,792			$	182,591
Total nonperforming loans to total loans					0.25	%			0.26	%			(3.8	)%			0.29	%			0.32	%			0.34	%
Total nonperforming assets to total loans plus OREO and other repossessed assets					0.28				0.29				(3.4	)			0.32				0.35				0.37
Allowance to period-end loans					0.88				0.90				(2.2	)			0.92				0.95				0.98
Allowance to nonperforming loans					358.7				346.9				3.4				312.4				296.7				286.7

	1Beginning in June 2005, Ginnie Mae potential buybacks are included in total accruing loans past due 90 days or more.

19

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

				Three Months Ended
				March 31
				Core Deposit Intangible				Mortgage Servicing Rights				Other				Total
OTHER INTANGIBLE ASSET ROLLFORWARD
Balance, beginning of period				$	424,143			$	482,392			$	154,916			$	1,061,451
Amortization					(26,411	)			(36,839	)			(4,806	)			(68,056	)
Servicing rights originated					—				68,640				—				68,640
Lighthouse Partners client relationships and noncompete agreements					—				—				11,119				11,119
Balance, March 31, 2005				$	397,732			$	514,193			$	161,229			$	1,073,154
Balance, beginning of period				$	324,743			$	657,604			$	140,620			$	1,122,967
Amortization					(22,544	)			(43,984	)			(4,700	)			(71,228	)
Servicing rights originated					—				127,209				—				127,209
Community Bank of Florida acquisition					1,085				—				—				1,085
Reclass NYSE seat					—				—				(1,050	)			(1,050	)
AMA minority interest buyout					—				—				4,473				4,473
Sale of excess mortgage servicing rights					—				(59,992	)							(59,992	)
Balance, March 31, 2006				$	303,284			$	680,837			$	139,343			$	1,123,464

				Three Months Ended
				March 31 2006				December 31 2005				September 30 2005				June 30 2005				March 31 2005
COMMON SHARE ROLLFORWARD
Beginning balance					361,984				361,248				362,160				361,177				360,841
Acquisition and contingent consideration					203				—				—				—				—
Shares issued/exchanged for employee benefit plans, stock option, performance stock and restricted stock activity					2,687				736				868				983				1,331
Acquisition of treasury stock					(1,535	)			—				(1,780	)			—				(995	)
Ending balance					363,339				361,984				361,248				362,160				361,177
COMMON STOCK REPURCHASE ACTIVITY
Number of common shares repurchased					1,535				—				1,780				—				995
Average price per share of repurchased common shares				$	70.76			$	—			$	70.22			$	—			$	71.77
Total cost				$	108,622			$	—			$	124,990			$	—			$	71,405
Maximum number of shares that may yet be purchased under plans or programs					10,000				3,253				3,253				5,033				5,033

20

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

				Three Months Ended
				March 31 2006				December 31 2005				September 30 2005				June 30 2005				March 31 2005
NON-GAAP MEASURES PRESENTED IN THE PRESS RELEASE
Net income				$	531,527			$	518,471			$	510,774			$	465,700			$	492,294
Securities (gains)/losses, net of tax					(64	)			(372	)			1,283				17				3,509
Net income excluding securities gains and losses					531,463				518,099				512,057				465,717				495,803
The Coca-Cola Company dividend, net of tax					(13,317	)			(12,027	)			(12,028	)			(12,027	)			(12,028	)
Net income excluding securities (gains)/losses and The Coca-Cola Company dividend				$	518,146			$	506,072			$	500,029			$	453,690			$	483,775
Total average assets				$	177,618,283			$	175,769,140			$	169,933,960			$	165,253,589			$	161,218,222
Average net unrealized securities gains					(1,612,808	)			(1,871,230	)			(2,102,257	)			(1,791,566	)			(2,032,787	)
Average assets less net unrealized securities gains				$	176,005,475			$	173,897,910			$	167,831,703			$	163,462,023			$	159,185,435
Total average equity				$	17,051,805			$	16,875,645			$	16,822,919			$	16,275,567			$	16,119,430
Average accumulated other comprehensive income					(963,683	)			(1,126,701	)			(1,331,103	)			(1,139,477	)			(1,285,278	)
Total average realized equity				$	16,088,122			$	15,748,944			$	15,491,816			$	15,136,090			$	14,834,152
Return on average total assets					1.21	%			1.17	%			1.19	%			1.13	%			1.24	%
Impact of excluding net realized and unrealized securities gains/losses and The Coca-Cola Company dividend					(0.02	)			(0.02	)			(0.01	)			(0.02	)			(0.01	)
Return on average total assets less net unrealized securities gains 1					1.19	%			1.15	%			1.18	%			1.11	%			1.23	%
Return on average total shareholders' equity					12.64	%			12.19	%			12.05	%			11.48	%			12.39	%
Impact of excluding net realized and unrealized securities gains/ losses and The Coca-Cola Company dividend					0.42				0.56				0.76				0.54				0.84
Return on average realized shareholders' equity 2					13.06	%			12.75	%			12.81	%			12.02	%			13.23	%
Efficiency ratio 3					59.80	%			60.20	%			58.62	%			61.30	%			60.22	%
Impact of excluding amortization of intangible assets					(1.33	)			(1.41	)			(1.49	)			(1.56	)			(1.66	)
Tangible efficiency ratio 4					58.47	%			58.79	%			57.13	%			59.74	%			58.56	%
Total shareholders' equity				$	17,157,448			$	16,887,395			$	16,717,750			$	16,646,196			$	16,104,259
Goodwill					(6,897,105	)			(6,835,168	)			(6,841,631	)			(6,873,111	)			(6,861,721	)
Other intangible assets including mortgage servicing rights ("MSRs")					(1,123,463	)			(1,122,967	)			(1,112,873	)			(1,094,803	)			(1,073,154	)
Mortgage servicing rights					680,837				657,604				613,467				565,660				514,193
Tangible equity				$	9,817,717			$	9,586,864			$	9,376,713			$	9,243,942			$	8,683,577
Total assets				$	178,876,476			$	179,712,841			$	172,416,096			$	168,952,575			$	164,810,954
Goodwill					(6,897,105	)			(6,835,168	)			(6,841,631	)			(6,873,111	)			(6,861,721	)
Other intangible assets including MSRs					(1,123,463	)			(1,122,967	)			(1,112,873	)			(1,094,803	)			(1,073,154	)
Mortgage servicing rights					680,837				657,604				613,467				565,660				514,193
Tangible assets				$	171,536,745			$	172,412,310			$	165,075,059			$	161,550,321			$	157,390,272
Tangible equity to tangible assets 5					5.72	%			5.56	%			5.68	%			5.72	%			5.52	%
Noninterest income				$	851,506			$	797,923			$	832,398			$	770,909			$	753,814
Securities (gains)/losses					(104	)			(600	)			2,069				27				5,659
Gain on sale of RCM assets, net of related expenses					—				—				(3,508	)			—				(19,874	)

21

				Three Months Ended
				March 31 2006				December 31 2005				September 30 2005				June 30 2005				March 31 2005
Total noninterest income excluding securities (gains)/losses and net gain on sale of RCM assets 6				$	851,402			$	797,323			$	830,959			$	770,936			$	739,599
Net interest income				$	1,179,041			$	1,187,036			$	1,156,661			$	1,123,709			$	1,111,560
Taxable-equivalent adjustment					20,338				20,025				19,081				18,720				17,666
Net interest income – FTE					1,199,379				1,207,061				1,175,742				1,142,429				1,129,226
Noninterest income					851,506				797,923				832,398				770,909				753,814
Total revenue – FTE					2,050,885				2,004,984				2,008,140				1,913,338				1,883,040
Securities (gains)/losses					(104	)			(600	)			2,069				27				5,659
Gain on sale of RCM assets, net of related expenses					—				—				(3,508	)			—				(19,874	)
Total revenue – FTE excluding securities (gains)/losses and net gain on sale of RCM assets 6				$	2,050,781			$	2,004,384			$	2,006,701			$	1,913,365			$	1,868,825

				Three Months Ended
				March 31 2006				December 31 2005				%7 Change				March 31 2006				March 31 2005				% Change
AVERAGE LOW COST CONSUMER AND COMMERCIAL DEPOSIT RECONCILEMENT
Noninterest bearing deposits				$	23,898,646			$	24,693,026				(3.2	)		$	23,898,646			$	23,723,080				0.7
NOW accounts					16,999,971				17,011,346				(0.1	)			16,999,971				17,479,848				(2.7	)
Savings					5,291,229				5,472,928				(3.3	)			5,291,229				7,506,923				(29.5	)
Total average low cost consumer and commercial deposits				$	46,189,846			$	47,177,300				(2.1	)		$	46,189,846			$	48,709,851				(5.2	)

1

SunTrust presents a return on average assets less net unrealized gains on securities. The foregoing numbers reflect primarily adjustments to remove the effects of the Company's securities portfolio which includes the ownership by the Company of 48.3 million shares of The Coca-Cola Company. The Company uses this information internally to gauge its actual performance in the industry. The Company believes that the return on average assets less the net unrealized securities gains is more indicative of the Company's return on assets because it more accurately reflects the return on the assets that are related to the Company's core businesses which are primarily customer relationship and customer transaction driven. The return on average assets less net unrealized gains on securities is computed by dividing annualized net income, excluding securities gains/losses and The Coca-Cola Company dividend, by average assets less net unrealized securities gains.

2

The Company also believes that the return on average realized equity is more indicative of the Company's return on equity because the excluded equity relates primarily to a long term holding of a specific security. The return on average realized shareholders' equity is computed by dividing annualized net income, excluding securities gains/losses and The Coca-Cola Company dividend, by average realized shareholders' equity.

3	Computed by dividing noninterest expense by total revenue — FTE. The efficiency ratios are presented on an FTE basis. The FTE basis adjusts for the tax-favored status of 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.

4

SunTrust presents a tangible efficiency ratio which excludes the cost of intangible assets.The Company believes this measure is useful to investors because, by removing the effect of intangible asset costs (the level of which may vary from company to company) it allows investors to more easily compare the Company’s efficiency to other companies in the industry.This measure is utilized by management to assess the efficiency of the Company and its lines of business.

5

SunTrust presents a tangible equity to tangible assets ratio that excludes the impact of purchase accounting intangible assets.The Company believes this measure is useful to investors because, by removing the effect of intangible assets that result from merger and acquisition activity (the level of which may vary from company to company) it allows investors to more easily compare the Company’s capital adequacy to other companies in the industry.This measure is used by management to analyze capital adequacy.

6

SunTrust presents total noninterest income and total revenue excluding realized securities gains/losses and the net gain on the sale of RCM assets. The Company believes total noninterest income and total revenue without securities gains/losses is more indicative of the Company's performance because it isolates income that is primarily customer relationship and customer transaction driven. SunTrust further excludes the net gain on the sale of RCM assets because the Company believes the exclusion of the net gain is more indicative of normalized operations.

7	Multiply by 4 to calculate sequential annualized growth or reductions discussed in the earnings call.

22

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

				Three Months Ended
				March 31 2006				December 31 2005				September 30 2005				June 30 2005				March 31 2005
SELECTED NON-GAAP MEASURES
PRESENTED IN THE PRESS RELEASE 1
Net income				$	531,527			$	518,471				510,774				465,700			$	492,294
Merger expense, net of tax					—				4,053				7,505				33,642				15,958
Net income excluding merger expense					531,527				522,524				518,279				499,342				508,252
Net gain on sale of RCM assets, net of tax					—				—				(2,175	)			—				(12,322	)
Net income excluding merger expense and net gain on sale of RCM assets				$	531,527			$	522,524			$	516,104			$	499,342			$	495,930
Diluted earnings per share				$	1.46			$	1.43			$	1.40			$	1.28			$	1.36
Impact of excluding merger expense					—				0.01				0.02				0.09				0.04
Diluted earnings per share excluding merger expense					1.46				1.44				1.42				1.37				1.40
Impact of net gain on sale of RCM assets					—				—				—				—				(0.03	)
Diluted earnings per share excluding merger expense and net gain on sale of RCM assets				$	1.46			$	1.44			$	1.42			$	1.37			$	1.37
Total revenue — FTE				$	2,050,885			$	2,004,984			$	2,008,140			$	1,913,338			$	1,883,040
Securities (gains)/losses					(104	)			(600	)			2,069				27				5,659
Net gain on sale of RCM assets					—				—				(3,508	)			—				(19,874	)
Total revenue excluding securities (gains)/losses and net gain on sale of RCM assets				$	2,050,781			$	2,004,384			$	2,006,701			$	1,913,365			$	1,868,825
Noninterest income				$	851,506			$	797,923			$	832,398			$	770,909			$	753,814
Net gain on sale of RCM assets					—				—				(3,508	)			—				(19,874	)
Noninterest income excluding net gain on sale of RCM assets				$	851,506			$	797,923			$	828,890			$	770,909			$	733,940
Noninterest expense				$	1,226,491			$	1,206,927			$	1,177,071			$	1,172,825			$	1,133,906
Merger expense					—				(6,538	)			(12,104	)			(54,262	)			(25,738	)
Noninterest expense excluding merger expense				$	1,226,491			$	1,200,389			$	1,164,967			$	1,118,563			$	1,108,168
Noninterest expense				$	1,226,491			$	1,206,927			$	1,177,071			$	1,172,825			$	1,133,906
Amortization of intangible assets					(27,245	)			(28,192	)			(29,737	)			(29,818	)			(31,217	)
Noninterest expense excluding amortization of intangible assets				$	1,199,246			$	1,178,735			$	1,147,334			$	1,143,007			$	1,102,689
Return on average total assets					1.21	%			1.17	%			1.19				1.13				1.24	%
Impact of excluding merger expense					—				0.01				0.02				0.08				0.04
Return on average total assets excluding merger expense 2					1.21	%			1.18	%			1.21				1.21				1.28	%
Return on average total shareholders' equity					12.64	%			12.19	%			12.05				11.48				12.39	%
Impact of excluding merger expense					—				0.09				0.17				0.83				0.40
Return on average total shareholders' equity excluding merger expense 3					12.64	%			12.28	%			12.22				12.31				12.79	%
Efficiency ratio 4					59.80	%			60.20	%			58.62				61.30				60.22	%
Impact of excluding merger expense					—				(0.33	)			(0.61	)			(2.84	)			(1.37	)
Efficiency ratio excluding merger expense					59.80				59.87				58.01				58.46				58.85
Impact of net gain on sale of RCM assets					—				—				0.10				—				0.63
Efficiency ratio excluding merger expense and net gain on sale of RCM assets					59.80	%			59.87	%			58.11				58.46				59.48	%
Tangible efficiency ratio 5					58.47	%			58.79	%			57.13				59.74				58.56	%
Impact of excluding merger expense					—				(0.33	)			(0.60	)			(2.84	)			(1.37	)
Tangible efficiency ratio excluding merger expense					58.47				58.46				56.53				56.90				57.19
Impact of net gain on sale of RCM assets					—				—				0.17				—				0.61
Tangible efficiency ratio excluding merger expense and net gain on sale of RCM assets					58.47	%			58.46	%			56.70				56.90				57.80	%

23

1

SunTrust presents selected financial data on a basis that excludes merger expense, which represents incremental costs to integrate the operations of National Commerce Financial ("NCF"). The Company also presents selected financial data that further excludes the net gain related to the sale of RCM assets. The Company believes the exclusion of these two measures is more reflective of normalized operations.

2	Computed by dividing annualized net income excluding merger expense by average total assets.

3	Computed by dividing annualized net income excluding merger expense by average total shareholders' equity.

4	Computed by dividing noninterest expense by total revenue — FTE. The efficiency ratios are presented on an FTE basis. The FTE basis adjusts for the tax-favored status of 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.

5

SunTrust presents a tangible efficiency ratio which excludes the cost of intangible assets.The Company believes this measure is useful to investors because, by removing the effect of 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.

24

SunTrust Banks, Inc. and Subsidiaries
QUARTER-TO-QUARTER COMPARISON — ACTUAL
APPENDIX B TO THE PRESS RELEASE (UNUAUDITED)

				Three Months Ended
				March 31 2006				December 31 2005				Increase/(Decrease)								Sequential Annualized 1 %				March 31 2006				March 31 2005				Increase/(Decrease)
												Amount				%																Amount				%
STATEMENTS OF INCOME (Dollars in thousands)
NET INTEREST INCOME				$	1,179,041			$	1,187,036				($7,995	)			(0.7	)%			(2.7	)%		$	1,179,041			$	1,111,560			$	67,481				6.1	%
Provision for loan losses					33,403				48,126				(14,723	)			(30.6	)		NM					33,403				10,556				22,847				216.4
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES					1,145,638				1,138,910				6,728				0.6				2.4				1,145,638				1,101,004				44,634				4.1
NONINTEREST INCOME
Deposit and other fees 2					355,170				369,987				(14,817	)			(4.0	)			(16.0	)			355,170				343,634				11,536				3.4
Trust and investment management income					168,089				172,900				(4,811	)			(2.8	)			(11.1	)			168,089				164,515				3,574				2.2
Broker / dealer revenue 3					143,679				140,395				3,284				2.3				9.4				143,679				149,196				(5,517	)			(3.7	)
Other noninterest income					184,464				114,041				70,423				61.8			NM					184,464				82,254				102,210				124.3
Noninterest income before securities gains/(losses) and net gain on sale of RCM assets 4					851,402				797,323				54,079				6.8				27.1				851,402				739,599				111,803				15.1
Gain on sale of RCM assets, net of related expenses					—				—				—												—				19,874				(19,874	)			—
Noninterest income before securities gains/(losses)					851,402				797,323				54,079				6.8				27.1				851,402				759,473				91,929				12.1
Securities gains/(losses)					104				600				(496	)			(82.7	)		NM					104				(5,659	)			5,763				(101.8	)
Total noninterest income					851,506				797,923				53,583				6.7				26.9				851,506				753,814				97,692				13.0
NONINTEREST EXPENSE
Personnel expense					704,965				643,801				61,164				9.5				38.0				704,965				634,793				70,172				11.1
Net occupancy expense					81,044				83,217				(2,173	)			(2.6	)			(10.4	)			81,044				75,851				5,193				6.8
Outside processing and software					94,892				92,305				2,587				2.8				11.2				94,892				82,848				12,044				14.5
Equipment expense					49,448				49,494				(46	)			(0.1	)			(0.4	)			49,448				52,882				(3,434	)			(6.5	)
Marketing and customer development					42,646				50,133				(7,487	)			(14.9	)			(59.7	)			42,646				31,629				11,017				34.8
Other noninterest expense					226,251				245,197				(18,946	)			(7.7	)			(30.9	)			226,251				198,948				27,303				13.7
Noninterest expense before Affordable Housing impairment charge, amortization of intangible assets and merger expense 5					1,199,246				1,164,147				35,099				3.0				12.1				1,199,246				1,076,951				122,295				11.4
Impairment charge on Affordable Housing Properties					—				8,050				(8,050	)			(100.0	)		NM					—				—				—				100.0
Amortization of intangible assets					27,245				28,192				(947	)			(3.4	)			(13.4	)			27,245				31,217				(3,972	)			(12.7	)
Merger expense					—				6,538				(6,538	)			(100.0	)		NM					—				25,738				(25,738	)			(100.0	)
Total noninterest expense					1,226,491				1,206,927				19,564				1.6				6.5				1,226,491				1,133,906				92,585				8.2
INCOME BEFORE INCOME TAXES					770,653				729,906				40,747				5.6				22.3				770,653				720,912				49,741				6.9
Provision for income taxes					239,126				211,435				27,691				13.1				52.4				239,126				228,618				10,508				4.6
NET INCOME					531,527				518,471				13,056				2.5				10.1				531,527				492,294				39,233				8.0
Merger expense, net of tax					—				4,053				(4,053	)			(100.0	)		NM					—				15,958				(15,958	)			(100.0	)

25

				Three Months Ended
				March 31 2006				December 31 2005				Increase/(Decrease)								Sequential Annualized 1 %				March 31 2006				March 31 2005				Increase/(Decrease)
												Amount				%																Amount				%
NET INCOME EXCLUDING MERGER EXPENSE 4					531,527				522,524				9,003				1.7				6.9				531,527				508,252				23,275				4.6
Net gain on sale of RCM assets, net of tax					—				—				—												—				(12,322	)			12,321.9				—
NET INCOME EXCLUDING MERGER EXPENSE AND NET GAIN ON SALE OF RCM ASSETS 4				$	531,527			$	522,524			$	9,003				1.7	%			6.9	%		$	531,527			$	495,930			$	35,597				7.2	%
REVENUE (Dollars in thousands)
Net interest income				$	1,179,041			$	1,187,036				($7,995	)			(0.7	)%			(2.7	)%		$	1,179,041			$	1,111,560			$	67,481				6.1	%
Taxable-equivalent adjustment					20,338				20,025				313				1.6				6.3				20,338				17,666				2,672				15.1
Net interest income – FTE					1,199,379				1,207,061				(7,682	)			(0.6	)			(2.5	)			1,199,379				1,129,226				70,153				6.2
Noninterest income					851,506				797,923				53,583				6.7				26.9				851,506				753,814				97,692				13.0
Total revenue – FTE					2,050,885				2,004,984				45,901				2.3				9.2				2,050,885				1,883,040				167,845				8.9
Securities (gains)/losses					(104	)			(600	)			496				(82.7	)		NM					(104	)			5,659				(5,763	)			(101.8	)
Net gain on sale of RCM assets					—				—				—												—				(19,874	)			(19,874	)			—
Total revenue – FTE excluding securities gains/losses and net gain on sale of RCM assets				$	2,050,781			$	2,004,384			$	46,397				2.3	%			9.3	%		$	2,050,781			$	1,868,825			$	181,956				9.7	%
SELECTED AVERAGE BALANCES (Dollars in millions)
Average Loans
Commercial – FTE				$	33,065			$	32,997			$	68				0.2	%			0.8	%		$	33,065			$	33,424				($359	)			(1.1	)%
Real estate home equity lines					13,390				13,068				322				2.5				9.9				13,390				11,574				1,816				15.7
Real estate construction					11,118				10,148				970				9.6				38.2				11,118				9,621				1,497				15.6
Real estate 1-4 family					31,490				29,894				1,596				5.3				21.4				31,490				23,436				8,054				34.4
Real estate commercial					12,780				12,792				(12	)			(0.1	)			(0.4	)			12,780				9,537				3,243				34.0
Business credit card					278				272				6				2.2				9.0				278				198				80				40.4
Consumer – direct					5,285				5,438				(153	)			(2.8	)			(11.3	)			5,285				6,767				(1,482	)			(21.9	)
Consumer – indirect					8,553				8,899				(346	)			(3.9	)			(15.6	)			8,553				8,384				169				2.0
Nonaccrual and restricted					304				320				(16	)			(5.0	)			(20.0	)			304				275				29				10.5
Total loans				$	116,263			$	113,828			$	2,435				2.1	%			8.6	%		$	116,263			$	103,216			$	13,047				12.6	%
Average deposits
Noninterest bearing deposits				$	23,899			$	24,693				($794	)			(3.2	)%			(12.9	)%		$	23,899			$	23,723			$	176				0.7	%
NOW accounts					17,000				17,011				(11	)			(0.1	)			(0.3	)			17,000				17,480				(480	)			(2.7	)
Money market accounts					25,628				25,798				(169	)			(0.7	)			(2.6	)			25,628				24,767				861				3.5
Savings					5,291				5,473				(182	)			(3.3	)			(13.3	)			5,291				7,507				(2,216	)			(29.5	)
Consumer and other time					23,474				22,282				1,192				5.3				21.4				23,474				17,491				5,984				34.2
Total consumer and commercial deposits					95,292				95,257				35				—				—				95,292				90,968				4,325				4.8
Brokered and foreign deposits					24,652				21,010				3,642				17.3				69.3				24,652				13,424				11,227				83.6
Total deposits				$	119,944			$	116,267			$	3,677				3.2	%			12.7	%		$	119,944			$	104,392			$	15,552				14.9	%
SELECTED CREDIT DATA (Dollars in thousands)
Nonaccrual loans				$	262,794			$	271,974				($9,179	)			(3.4	)%			(13.5	)%		$	262,794			$	337,057				($74,263	)			(22.0	)%
Restructured loans					26,949				24,399				2,550				10.5				41.8				26,949				20,071				6,879				34.3
Total nonperforming loans					289,743				296,373				(6,630	)			(2.2	)			(8.9	)			289,743				357,128				(67,385	)			(18.9	)

26

				Three Months Ended
				March 31 2006				December 31 2005				Increase/(Decrease)								Sequential Annualized 1 %				March 31 2006				March 31 2005				Increase/(Decrease)
												Amount				%																Amount				%
Other real estate owned (OREO)					38,920				30,682				8,238				26.9			NM					38,920				27,555				11,365				41.2
Other repossessed assets					5,652				7,160				(1,507	)			(21.1	)			(84.2	)			5,652				7,662				(2,010	)			(26.2	)
Total nonperforming assets					334,315			$	334,215			$	100				—	%			0.1	%		$	334,315			$	392,345				($58,030	)			(14.8	)%
Allowance for loan and lease losses				$	1,039,247			$	1,028,128			$	11,119				1.1	%			4.3	%		$	1,039,247			$	1,023,746			$	15,501				1.5	%

1	Multiply percentage change by 4 to calculate sequential annualized change. Any sequential annualized change over 100 percent is labeled as "NM". Those changes over 100 percent were not considered to be meaningful.

2	Includes service charges on deposits, card fees and other charges and fees.

3	Includes retail investment services, investment banking income and trading account profits and commissions.

4

SunTrust presents selected financial data on a basis that excludes merger expense, which represents incremental costs to integrate the operations of NCF. The Company believes the exclusion of merger expense is more reflective of normalized operations. SunTrust also presents noninterest income before securities gains/(losses) and net gain on the sale of RCM assets. The Company believes noninterest income before securities gains/(losses) is more indicative of the Company's performance because it isolates income that is primarily customer relationship and customer transaction driven. SunTrust further excludes the net gain on the sale of RCM assets because the Company believes the exclusion of the net gain provides better comparability and is more indicative of normalized operations.

5	The Company presents noninterest expense before an impairment charge on Affordable Housing Properties, amortization of intangible assets and merger expense. The Company believes the exclusion of these measures provides better comparability and is more reflective of normalized operations.

27

PRELIMINARY DATA

Retail Line of Business
(Dollars in thousands) (Unaudited)

				Three Months Ended												% Change
				March 31 2006				December 31 2005				March 31 2005				1Q 06 vs 1Q 05
Statement of Income
Net interest income				$	593,012			$	580,349			$	522,011				13.6	%
FTE adjustment					22				25				15				46.7
Net interest income – FTE					593,034				580,374				522,026				13.6
Provision for loan losses1					19,718				39,639				32,597				(39.5	)
Net interest income after provision for loan losses – FTE					573,316				540,735				489,429				17.1
Noninterest income before net securities gains/(losses)					257,692				264,866				237,264				8.6
Securities gains/(losses), net					—				—				1				(100.0	)
Total noninterest income					257,692				264,866				237,265				8.6
Noninterest expense before amortization of intangible assets					506,354				505,335				473,247				7.0
Amortization of intangible assets					22,532				23,263				26,418				(14.7	)
Total noninterest expense					528,886				528,598				499,665				5.8
Income before provision for income taxes					302,122				277,003				227,029				33.1
Provision for income taxes					111,608				102,079				85,388				30.7
FTE adjustment					22				25				15				46.7
Net income				$	190,492			$	174,899			$	141,626				34.5
Total revenue – FTE				$	850,726			$	845,240			$	759,291				12.0
Average Balance Sheet
Total loans				$	31,245,954			$	31,271,153			$	29,519,808				5.8
Goodwill					4,872,412				4,872,777				4,874,169				(0.0	)
Other intangible assets excluding MSR's					313,284				335,309				410,138				(23.6	)
Total assets					38,503,934				38,135,320				35,791,383				7.6
Total deposits					67,158,089				66,381,956				63,527,363				5.7
Shareholders' equity is not allocated at this time2
Performance Ratios
Efficiency ratio					62.17	%			62.54	%			65.81	%
Impact of excluding cost of intangible assets					(6.30	)			(6.58	)			(8.26	)
Tangible efficiency ratio					55.87	%			55.96	%			57.55	%

1	Provision for loan losses represents net charge-offs for the lines of business.

2	Shareholders' equity is not allocated to the lines of business at this time; business line performance does not include the funding benefit that would result from holding shareholders' equity at the line of business level.

28

PRELIMINARY DATA

Commercial Line of Business
(Dollars in thousands) (Unaudited)

				Three Months Ended												% Change
				March 31 2006				December 31 2005				March 31 2005				1Q 06 vs 1Q 05
Statement of Income
Net interest income				$	222,710			$	223,206			$	201,313				10.6	%
FTE adjustment					10,073				9,998				8,978				12.2
Net interest income – FTE					232,783				233,204				210,291				10.7
Provision for loan losses1					(1,097	)			7,057				(390	)			181.3
Net interest income after provision for loan losses – FTE					233,880				226,147				210,681				11.0
Noninterest income before net securities gains/(losses)					67,934				69,263				57,110				19.0
Securities gains/(losses), net					—				—				—				—
Total noninterest income					67,934				69,263				57,110				19.0
Noninterest expense before amortization of intangible assets					159,104				167,207				146,691				8.5
Amortization of intangible assets					—				—				—				—
Total noninterest expense					159,104				167,207				146,691				8.5
Income before provision for income taxes					142,710				128,203				121,100				17.8
Provision for income taxes					25,859				15,638				20,582				25.6
FTE adjustment					10,073				9,998				8,978				12.2
Net income				$	106,778			$	102,567			$	91,540				16.6
Total revenue – FTE				$	300,717			$	302,467			$	267,401				12.5
Average Balance Sheet
Total loans				$	31,508,384			$	30,994,011			$	29,949,561				5.2
Goodwill					1,261,365				1,261,388				1,264,794				(0.3	)
Other intangible assets excluding MSR's					—				—				—				—
Total assets					33,880,940				33,303,566				32,083,484				5.6
Total deposits					13,705,444				13,808,338				13,256,361				3.4
Shareholders' equity is not allocated at this time2
Performance Ratios
Efficiency ratio					52.91	%			55.28	%			54.86	%
Impact of excluding cost of intangible assets					(2.28	)			(2.44	)			(2.92	)
Tangible efficiency ratio					50.63	%			52.84	%			51.94	%

1	Provision for loan losses represents net charge-offs for the lines of business.

2	Shareholders' equity is not allocated to the lines of business at this time; business line performance does not include the funding benefit that would result from holding shareholders' equity at the line of business level.

29

PRELIMINARY DATA

Corporate and Investment Banking Line of Business
(Dollars in thousands) (Unaudited)

				Three Months Ended												% Change
				March 31 2006				December 31 2005				March 31 2005				1Q 06 vs 1Q 05
Statement of Income
Net interest income				$	61,853			$	66,566			$	55,223				12.0	%
FTE adjustment					6,498				6,215				4,838				34.3
Net interest income – FTE					68,351				72,781				60,061				13.8
Provision for loan losses1					(395	)			(2,447	)			(708	)			(44.2	)
Net interest income after provision for loan losses – FTE					68,746				75,228				60,769				13.1
Noninterest income before net securities gains/(losses)					157,007				137,708				176,256				(10.9	)
Securities gains/(losses), net					—				1,298				116				(100.0	)
Total noninterest income					157,007				139,006				176,372				(11.0	)
Noninterest expense before amortization of intangible assets					123,068				105,800				120,783				1.9
Amortization of intangible assets					122				122				155				(21.3	)
Total noninterest expense					123,190				105,922				120,938				1.9
Income before provision for income taxes					102,563				108,312				116,203				(11.7	)
Provision for income taxes					31,910				34,991				38,901				(18.0	)
FTE adjustment					6,498				6,215				4,838				34.3
Net income				$	64,155			$	67,106			$	72,464				(11.5	)
Total revenue – FTE				$	225,358			$	211,787			$	236,433				(4.7	)
Average Balance Sheet
Total loans				$	16,106,196			$	16,339,727			$	13,946,198				15.5
Goodwill					147,472				147,485				147,656				(0.1	)
Other intangible assets excluding MSR's					2,807				2,941				3,903				(28.1	)
Total assets					23,365,829				23,195,484				19,618,227				19.1
Total deposits					3,693,174				3,614,194				3,133,522				17.9
Shareholders' equity is not allocated at this time2
Performance Ratios
Efficiency ratio					54.66	%			50.01	%			51.15	%
Impact of excluding cost of intangible assets					(0.44	)			(0.44	)			(0.45	)
Tangible efficiency ratio					54.22	%			49.57	%			50.70	%

1	Provision for loan losses represents net charge-offs for the lines of business.

2	Shareholders' equity is not allocated to the lines of business at this time; business line performance does not include the funding benefit that would result from holding shareholders' equity at the line of business level.

30

PRELIMINARY DATA

Mortgage Line of Business
(Dollars in thousands) (Unaudited)

				Three Months Ended												% Change
				March 31 2006				December 31 2005				March 31 2005				1Q 06 vs 1Q 05
Statement of Income
Net interest income				$	148,443			$	151,800			$	125,439				18.3	%
FTE adjustment					—				—				—				—
Net interest income – FTE					148,443				151,800				125,439				18.3
Provision for loan losses1					2,766				(1,293	)			1,054				162.4
Net interest income after provision for loan losses – FTE					145,677				153,093				124,385				17.1
Noninterest income before net securities gains/(losses)					120,346				60,046				44,137				172.7
Securities gains/(losses), net					—				—				690				(100.0	)
Total noninterest income					120,346				60,046				44,827				168.5
Noninterest expense before amortization of intangible assets					142,204				143,427				110,808				28.3
Amortization of intangible assets					763				867				867				(12.0	)
Total noninterest expense					142,967				144,294				111,675				28.0
Income before provision for income taxes					123,056				68,845				57,537				113.9
Provision for income taxes					43,360				22,991				19,362				123.9
FTE adjustment					—				—				—				—
Net income				$	79,696			$	45,854			$	38,175				108.8
Total revenue – FTE				$	268,789			$	211,846			$	170,266				57.9
Average Balance Sheet
Total loans				$	28,924,512			$	26,914,925			$	21,977,538				31.6
Goodwill					250,183				248,732				245,381				2.0
Other intangible assets excluding MSR's					7,327				8,137				10,741				(31.8	)
Total assets					39,570,090				38,429,172				29,053,845				36.2
Total deposits					1,443,948				1,776,076				1,298,373				11.2
Shareholders' equity is not allocated at this time2
Performance Ratios
Efficiency ratio					53.19	%			68.11	%			65.59	%
Impact of excluding cost of intangible assets					(0.82	)			(1.30	)			(1.65	)
Tangible efficiency ratio					52.37	%			66.81	%			63.94	%
Other Information
Production Data
Channel mix
Retail				$	5,175,394			$	5,571,462			$	4,106,068				26.0
Wholesale					4,237,607				4,268,199				2,451,123				72.9
Correspondent					2,138,252				3,267,244				2,094,394				2.1
Total production				$	11,551,253			$	13,106,905			$	8,651,585				33.5
Channel mix – percent
Retail					45	%			42	%			48	%
Wholesale					37				33				28
Correspondent					18				25				24
Total production					100	%			100	%			100	%
Purchase and refinance mix
Refinance				$	4,337,206			$	5,355,002			$	3,786,891				14.5
Purchase					7,214,047				7,751,903				4,864,694				48.3
Total production				$	11,551,253			$	13,106,905			$	8,651,585				33.5
Purchase and refinance mix – percent
Refinance					38	%			41	%			44	%
Purchase					62				59				56
Total production					100	%			100	%			100	%
Applications				$	20,197,683			$	16,313,387			$	13,810,763				46.2
Mortgage Servicing Data
Total loans serviced (EOP)				$	112,154,508			$	105,560,533			$	83,634,353				34.1
Total loans serviced for others (EOP)					75,864,215				68,852,189				56,560,421				34.1
Net carrying value of MSR's (EOP)					680,714				657,472				514,008				32.4
Ratio of net carrying value of MSR's to total loans serviced for others					0.897	%			0.955	%			0.909	%

1	Provision for loan losses represents net charge-offs for the lines of business.

2	Shareholders' equity is not allocated to the lines of business at this time; business line performance does not include the funding benefit that would result from holding shareholders' equity at the line of business level.

31

PRELIMINARY DATA

Wealth and Investment Management Line of Business
(Dollars in thousands) (Unaudited)

				Three Months Ended												% Change
				March 31 2006				December 31 2005				March 31 2005				1Q 06 vs 1Q 05
Statement of Income
Net interest income				$	92,391			$	95,515			$	77,373				19.4	%
FTE adjustment					16				16				14				14.3
Net interest income – FTE					92,407				95,531				77,387				19.4
Provision for loan losses1					192				5,842				251				(23.5	)
Net interest income after provision for loan losses – FTE					92,215				89,689				77,136				19.5
Noninterest income before net securities gains/(losses)					238,834				240,401				232,817				2.6
Securities gains/(losses), net					(37	)			–				(112	)			(67.0	)
Total noninterest income					238,797				240,401				232,705				2.6
Noninterest expense before amortization of intangible assets					254,797				242,207				238,212				7.0
Amortization of intangible assets					3,605				3,719				3,553				1.5
Total noninterest expense					258,402				245,926				241,765				6.9
Income before provision for income taxes					72,610				84,164				68,076				6.7
Provision for income taxes					26,940				33,443				25,339				6.3
FTE adjustment					16				16				14				14.3
Net income				$	45,654			$	50,705			$	42,723				6.9
Total revenue – FTE				$	331,204			$	335,932			$	310,092				6.8
Average Balance Sheet
Total loans				$	8,149,068			$	8,079,697			$	7,574,340				7.6
Goodwill					297,993				303,231				300,137				(0.7	)
Other intangible assets excluding MSR's					122,415				131,600				133,308				(8.2	)
Total assets					8,899,981				8,851,230				8,304,128				7.2
Total deposits					9,217,413				9,541,291				9,403,851				(2.0	)
Shareholders' equity is not allocated at this time2
Performance Ratios
Efficiency ratio					78.02	%			73.21	%			77.97	%
Impact of excluding cost of intangible assets					(2.12	)			(2.13	)			(2.41	)
Tangible efficiency ratio					75.90	%			71.08	%			75.56	%
Other Information
Assets under adminstration
Managed (discretionary) assets				$	136,864,727			$	135,309,399			$	129,056,567				6.1
Non-managed assets					45,546,613				45,546,613				45,794,346				(0.5	)
Total assets under administration					182,411,340				180,856,012				174,850,913				4.3
Brokerage assets					34,986,446				33,405,436				27,600,000				26.8
Corporate trust assets					28,014,513				28,280,494				26,052,116				7.5
Total assets under advisement (EOP)				$	245,412,299			$	242,541,942			$	228,503,029				7.4

1	Provision for loan losses represents net charge-offs for the lines of business.

2	Shareholders' equity is not allocated to the lines of business at this time; business line performance does not include the funding benefit that would result from holding shareholders' equity at the line of business level.

32

PRELIMINARY DATA

Corporate Other and Treasury
(Dollars in thousands) (Unaudited)

				Three Months Ended												% Change
				March 31 2006				December 31 2005				March 31 2005				1Q 06 vs 1Q 05
Statement of Income
Net interest income				$	60,632			$	69,600			$	130,201				(53.4	)%
FTE adjustment					3,729				3,771				3,821				(2.4	)
Net interest income – FTE					64,361				73,371				134,022				(52.0	)
Provision for loan losses1					12,219				(672	)			(22,248	)			(154.9	)
Net interest income after provision for loan losses – FTE					52,142				74,043				156,270				(66.6	)
Noninterest income before net securities gains/(losses)					9,589				25,039				11,889				(19.3	)
Securities gains/(losses), net					141				(698	)			(6,354	)			(102.2	)
Total noninterest income					9,730				24,341				5,535				75.8
Noninterest expense before amortization of intangible assets					13,719				14,759				12,948				6.0
Amortization of intangible assets					223				221				224				(0.4	)
Total noninterest expense					13,942				14,980				13,172				5.8
Income before provision for income taxes					47,930				83,404				148,633				(67.8	)
Provision for income taxes					(551	)			2,293				39,046				(101.4	)
FTE adjustment					3,729				3,771				3,821				(2.4	)
Net income				$	44,752			$	77,340			$	105,766				(57.7	)
Total revenue – FTE				$	74,091			$	97,712			$	139,557				(46.9	)
Average Balance Sheet
Total loans				$	328,135			$	228,042			$	248,372				32.1
Securities available for sale					24,754,178				24,738,196				27,067,942				(8.5	)
Goodwill					8,582				7,481				10,229				(16.1	)
Other intangible assets excluding MSR's					6,068				6,290				6,960				(12.8	)
Total assets					33,397,509				33,854,368				36,367,155				(8.2	)
Total deposits (mainly brokered and foreign)					24,726,083				21,145,207				13,772,709				79.5
Other Information
Duration of investment portfolio					3.0	%			2.8	%			3.1	%
Net interest income interest rate sensitivity:
% Change in net interest income under:
Gradual 100 bp increase in rates over next
12 months					(0.5	)%			(0.1	)%			0.4	%
Gradual 100 bp decrease in rates over next
12 months					1.3	%			0.7	%			0.4	%

1	Provision for loan losses represents difference between net charge-offs for the lines of business and consolidated provision for loan losses

33

PRELIMINARY DATA

Consolidated – Segment Totals
(Dollars in thousands) (Unaudited)

				Three Months Ended												% Change
				March 31 2006				December 31 2005				March 31 2005				1Q 06 vs 1Q 05
Statement of Income
Net interest income				$	1,179,041			$	1,187,036			$	1,111,560				6.1	%
FTE adjustment					20,338				20,025				17,666				15.1
Net interest income – FTE					1,199,379				1,207,061				1,129,226				6.2
Provision for loan losses					33,403				48,126				10,556				216.4
Net interest income after provision for loan losses – FTE					1,165,976				1,158,935				1,118,670				4.2
Noninterest income before net securities gains/(losses)					851,402				797,323				759,473				12.1
Securities gains/(losses), net					104				600				(5,659	)			(101.8	)
Total noninterest income					851,506				797,923				753,814				13.0
Noninterest expense before amortization of intangible assets					1,199,246				1,178,735				1,102,689				8.8
Amortization of intangible assets					27,245				28,192				31,217				(12.7	)
Total noninterest expense					1,226,491				1,206,927				1,133,906				8.2
Income before provision for income taxes					790,991				749,931				738,578				7.1
Provision for income taxes					239,126				211,435				228,618				4.6
FTE adjustment					20,338				20,025				17,666				15.1
Net income				$	531,527			$	518,471			$	492,294				8.0
Total revenue – FTE				$	2,050,885			$	2,004,984			$	1,883,040				8.9
Average Balance Sheet
Total loans				$	116,262,249			$	113,827,555			$	103,215,817				12.6
Goodwill					6,838,007				6,841,094				6,842,366				(0.1	)
Other intangible assets excluding MSR's					451,901				484,277				565,050				(20.0	)
Total assets					177,618,283				175,769,140				161,218,222				10.2
Total deposits					119,944,151				116,267,062				104,392,179				14.9
Performance Ratios
Efficiency ratio					59.80	%			60.20	%			60.22	%
Impact of excluding cost of intangible assets					(1.33	)			(1.41	)			(1.66	)
Tangible efficiency ratio					58.47	%			58.79	%			58.56	%

34