SUNTRUST BANKS, INC.


		News Release


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

For Immediate Release
July 19, 2006

SunTrust Reports Second Quarter 2006 Earnings

Strong Loan and Fee Income Growth Drive Record Earnings

ATLANTA— SunTrust Banks, Inc. (NYSE: STI) today reported record net income for the second quarter of 2006 of $544.0 million, up 17% from $465.7 million in the second quarter of 2005. Net income per diluted share was also a record $1.49, up 16% from $1.28 in the second quarter of 2005. Excluding merger expense incurred in the second quarter of 2005, net income and net income per diluted share were both up 9%.

“SunTrust’s concentrated, corporate-wide sales execution continues to pay off in strong across-the-board revenue and loan growth as we continue to leverage the opportunities that lie within our high-growth markets. Combine that with continued outstanding credit quality and the result is record earnings in the second quarter,” L. Phillip Humann, Chairman and Chief Executive Officer of SunTrust noted. Revenue growth of 8% over the second quarter of 2005 was led by strong double-digit growth in noninterest income. Average loan growth over the same time frame was a solid 12%. Mr. Humann noted that credit quality trends continued to remain near the historically low levels experienced over the past several quarters, with key credit measures such as net charge-offs to average loans and nonperforming loans to total loans increasing only two basis points over the cyclical lows of the first quarter of 2006.

Second Quarter 2006 Consolidated Highlights


	2^nd Quarter			2^nd Quarter
	2006			2005			% Change

Income Statement
(Dollars in millions, except per share data)
Net income		$544.0			$465.7			17	%
Net income excluding merger expense		544.0			499.3			9	%
Net income per diluted share		1.49			1.28			16	%
Net income per diluted share excluding merger expense		1.49			1.37			9	%
Revenue — fully taxable-equivalent		2,065.4			1,913.3			8	%
Noninterest income		875.4			770.9			14	%
Balance Sheet
(Dollars in billions)
Average loans		$120.1			$107.0			12	%
Average consumer and commercial deposits		97.2			93.1			4	%
Asset Quality
Net charge-offs to average loans (annualized)		0.10	%		0.13	%
Nonperforming loans to total loans		0.27	%		0.32	%

Second Quarter 2006 Consolidated Highlights, continued

•		Net income increased 17% and net income per diluted share increased 16% from the second quarter of 2005 driven by strong revenue growth. Excluding merger expense, net income and net income per diluted share both increased 9%.

•		Fully taxable-equivalent revenue increased 8% from the second quarter of 2005 driven by noninterest income growth of 14% and fully taxable-equivalent net interest income growth of 4%.

•		Noninterest income growth was led by mortgage-related income, which was driven by strong production levels as well as higher mortgage servicing-related income. Double-digit growth in trading account profits and commissions, card fees, investment banking income and retail investment services also contributed.

•		Total average loans increased 12% and total average consumer and commercial deposits increased 4% from the second quarter of 2005.

•		Annualized net charge-offs were 0.10% of average loans, down from 0.13% of average loans in the second quarter of 2005. Nonperforming loans to total loans improved as well, dropping from 0.32% for the second quarter of 2005 to 0.27% for the second quarter in 2006, both reflecting exceptional credit quality levels.

CONSOLIDATED FINANCIAL PERFORMANCE

Revenue

Fully taxable-equivalent revenue was $2,065.4 million for the second quarter of 2006, up 8% from the second quarter of 2005. The growth was driven by increases in both net interest and noninterest income. On a sequential annualized basis, fully taxable-equivalent revenue increased 3% in the second quarter of 2006 from the first quarter of 2006 as a result of growth in noninterest income offset by a decline in net interest income.

For the six months ended June 30, 2006, fully taxable-equivalent revenue was $4,116.3 million, up 8% from $3,796.4 million for the same period in 2005. The growth was also driven by increases in both net interest and noninterest income.

Net Interest Income

Fully taxable-equivalent net interest income was $1,190.0 million in the second quarter of 2006, up 4% from the second quarter of 2005. The primary factor driving the fully taxable-equivalent net interest income growth year-over-year was strong loan growth. Loans grew 12% on average from the second quarter of 2005. On a sequential annualized basis, fully taxable-equivalent net interest income decreased 3% in the second quarter of 2006 from the first quarter of 2006 as a result of a decrease in loans held for sale and the associated spread as well as the continued shift in deposit mix away from lower cost deposit products to certificates of deposit. The net interest margin of 3.00% for the second quarter of 2006 was down 12 basis points from the first quarter of 2006. The margin decline was mainly attributable to the continued shift in deposit mix towards higher cost products and the negative impact the flatter yield curve has had on the spread between incremental earning asset growth and the cost of funding the growth.

For the six months ended June 30, 2006, fully taxable net interest income was $2,389.4 million, up 5% from $2,271.7 million for the same period in 2005. Loan growth was also the main factor driving the increase.

Noninterest Income

Total noninterest income was $875.4 million for the second quarter of 2006, up 14% from the second quarter of 2005. 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 second quarter. The increase in servicing-related income experienced during the second quarter is an indication of the increased income created from a larger servicing portfolio and the realization of the value embedded in the mortgage servicing rights through the sale of a portion of the servicing rights. Double-digit growth in trading account profits and commissions, card fees, investment banking income and retail investment services also contributed to the year-over-year growth. On a sequential annualized basis, noninterest income increased 11% in the second quarter of 2006 from the first quarter of 2006, driven by strong increases in trading account profits and commissions, investment banking income, card fees, retail investment services, trust and investment management income and service charges on deposits.

For the six months ended June 30, 2006, noninterest income was $1,726.9 million, up 13% from $1,524.7 million for the same period in 2005. A significant portion of this growth was related to mortgage-related income. Card fees and trading account profits and commissions also had strong growth over the six months ended June 30, 2005.

Noninterest Expense

Total noninterest expense in the second quarter of 2006 was $1,214.1 million, up 4% from the second quarter of 2005. Excluding merger related expense, noninterest expense grew 9% over the second 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. On a sequential annualized basis, noninterest expense decreased 4% in the second quarter of 2006 from the first quarter of 2006. The decrease largely resulted from a decline in personnel expenses which resulted from the seasonally high benefit expense incurred in the first quarter of 2006.

For the six months ended June 30, 2006, total noninterest expense was $2,440.6 million, up 6% from $2,306.7 million for the same period of 2005. Excluding merger related expense, noninterest expense grew 10% for the same period. The factors causing this increase were similar to those noted for the second quarter growth over the same quarter of the previous year.

Revenue growth in the second quarter coupled with the decline in noninterest expense from the first quarter of 2006, led to positive operating leverage and improvement in the Company’s efficiency ratio. The reported efficiency ratio was 58.78% for the second quarter of 2006 compared to 59.80% for the first quarter of 2006, an improvement of 102 basis points.

Balance Sheet

As of June 30, 2006, SunTrust had total assets of $181.1 billion. Shareholders’ equity of $17.4 billion as of June 30, 2006 represented 10% of total assets. Book value per share was $47.85 as of June 30, 2006, up from $47.22 as of March 31, 2006.

Loans

Average loans for the second quarter of 2006 were $120.1 billion, up 12% from the second quarter of 2005. On a sequential annualized basis, average loans grew 13% in the second quarter of 2006 from the first quarter of 2006. Areas contributing to the strong loan growth both on a year-over-

year and sequential annualized basis were residential real estate, home equity line, commercial and construction lending.

Deposits

Average consumer and commercial deposits for the second quarter of 2006 were $97.2 billion, up 4% from the second quarter of 2005. On a sequential annualized basis, average consumer and commercial deposits grew 8% compared to the first quarter of 2006. The growth in deposits both year-over-year and on a sequential annualized basis was driven by growth in certificates of deposit. Given market conditions and the higher rate environment, customer preference is for higher-yielding deposit products, which is reflected in the continued deposit mix shift toward higher-rate products, such as certificates of deposit. 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

Annualized net charge-offs in the second quarter of 2006 were 0.10% of average loans, up from the cyclical low of 0.08% reached in the first quarter of 2006 and down from 0.13% in the second quarter of 2005. Net charge-offs were $29.1 million in the second quarter of 2006 compared to $22.3 million in the first quarter of 2006 and $35.4 million in the second quarter of 2005. Nonperforming assets were up $35.5 million, or 11%, in the second quarter of 2006 compared to the first quarter of 2006, but were down $10.5 million, or 3%, from the second quarter of 2005. The increase from the first quarter of 2006 was mainly driven by increases in commercial and residential real estate nonperforming loans. Nonperforming assets were $369.8 million, or 0.31% of loans, other real estate owned and other repossessed assets as of June 30, 2006 compared to $334.3 million, or 0.28% of loans, other real estate owned and other repossessed assets as of March 31, 2006.

The allowance for loan and lease losses increased $22.6 million to $1,061.9 million as of June 30, 2006 from $1,039.2 million as of March 31, 2006 primarily due to strong loan growth during the period. Provision expense increased from $33.4 million in the first quarter of 2006 to $51.8 million in the second quarter of 2006. The allowance for loan and lease losses as of June 30, 2006 represented 0.88% of period-end loans, flat from March 31, 2006. The allowance for loan and lease losses as of June 30, 2006 represented 325% of period-end nonperforming loans.

LINE OF BUSINESS FINANCIAL PERFORMANCE

Retail


preliminary data	2nd Quarter		2nd Quarter
(in millions)	2006		2005		% Change

Net income		$198.8		$165.9		20	%
Revenue — fully taxable-equivalent		873.2		795.2		10	%
Average total loans		30,438.8		29,984.9		2	%
Average total deposits		69,539.9		65,046.6		7	%

Three Months Ended June 30, 2006 vs. 2005

Retail’s net income for the second quarter of 2006 was $198.8 million, an increase of $32.9 million, or 20%, compared to the second 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 $68.1 million, or 13%. 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 $453.9 million, or 2%, and average deposits increased $4.5 billion, or 7%, from the second quarter of 2005. The loan growth was driven primarily by home equity lines and loans partially offset by declines in consumer indirect and student loans, while the deposit growth was driven primarily by certificates of deposit.

Provision for loan losses, which represents net charge-offs for the lines of business, decreased $10.8 million, or 36%, from the second quarter of 2005 primarily due to a decline in consumer indirect net charge-offs.

Total noninterest income increased $9.8 million, or 4%, from the second quarter of 2005. This increase was driven primarily by interchange income due to increased volumes and gains on sales of student loans.

Total noninterest expense increased $40.5 million, or 8%, from the second 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.

Six Months Ended June 30, 2006 vs. 2005

Retail’s net income for the six months ended June 30, 2006 was $390.3 million, an increase of $80.7 million, or 26%, compared to the same period in 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 $139.3 million, or 13%. 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 $1.1 billion, or 4%, and average deposits increased $4.1 billion, or 6%. The loan growth was driven by home equity lines and loans partially offset by declines in consumer indirect and student loans, while the deposit growth was driven primarily by certificates of deposit.

Provision for loan losses, which represents net charge-offs for the lines of business, decreased $23.6 million, or 38%, primarily due to a decline in consumer indirect net charge-offs.

Total noninterest income increased $30.0 million, or 6%. The increase was driven primarily by interchange income due to increased volumes, ATM fees and gains on sales of student loans.

Total noninterest expense increased $71.5 million, or 7%. The increase was driven by increases in personnel expense and operation costs related to investments in the branch distribution network and technology.

Commercial


preliminary data	2nd Quarter		2nd Quarter
(in millions)	2006		2005		% Change

Net income		$108.9		$100.4		8	%
Revenue — fully taxable-equivalent		306.4		285.5		7	%
Average total loans		32,737.6		31,117.6		5	%
Average total deposits		13,627.2		13,372.3		2	%

Three Months Ended June 30, 2006 vs. 2005

Commercial’s net income for the second quarter of 2006 was $108.9 million, an increase of $8.5 million, or 8%, compared to the second quarter of 2005. The increase was driven primarily by increases in fully taxable-equivalent net interest and noninterest income and a lower effective tax rate related to affordable housing tax benefits, partially offset by higher noninterest expense.

Fully taxable-equivalent net interest income increased $13.9 million, or 6%. The increase was attributable to increased loan volumes and widening deposit spreads. Average loans increased $1.6 billion, or 5%, from the second quarter of 2005 led by growth in construction lending. Average deposits increased $254.8 million, or 2%, from the second quarter of 2005 driven by an increase in public funds and partially offset by a decrease in demand deposit and money market account balances. The decline in demand deposit balances was mainly attributable to an increase in customer balances being swept to higher-yielding investment alternatives, which has resulted in an increase in sweep income noted below.

Provision for loan losses, which represents net charge-offs for the lines of business, increased $3.4 million from the second quarter of 2005. Despite this increase, the annualized net charge-off ratio for the Commercial line of business was only .08% for the second quarter of 2006.

Total noninterest income increased $7.0 million, or 11%, from the second quarter of 2005. The increase resulted from increases in Affordable Housing revenues, sweep income and sales and referral credits.

Total noninterest expense increased $11.8 million, or 8%, from the second quarter of 2005. Investment in revenue-producing personnel was the primary driver.

Six Months Ended June 30, 2006 vs. 2005

Commercial’s net income for the six months ended June 30, 2006 was $216.2 million, an increase of $24.6 million, or 13%, compared to the same period in 2005. The increase was primarily driven by higher fully taxable-equivalent net interest and noninterest income and a lower effective tax rate related to affordable housing tax benefits, partially offset by higher noninterest expense.

Fully taxable-equivalent net interest income increased $36.4 million, or 8%. The increase results from higher loan volumes and widening deposit spreads. Average loans increased $1.6 billion, or 5%, led by growth in construction lending. Average deposits increased $351.4 million, or 3%, driven by an increase in public funds and partially offset by a decrease in demand deposit and money market account balances. The decline in demand deposit balances was mainly attributable to an increase in customer balances being swept to higher-yielding investment alternatives, which has resulted in an increase in sweep income noted below.

Provision for loan losses, which represents net charge-offs for the lines of business, increased $2.7 million. Despite this increase, the annualized net charge-off ratio for the Commercial line of business was only .03% for the six months ended June 30, 2006.

Total noninterest income increased $18.4 million, or 16%. The increase resulted from increases in Affordable Housing revenues, sweep income and sales and referral credits.

Total noninterest expense increased $25.5 million, or 9%. Investment in revenue-producing personnel was the primary driver.

Corporate and Investment Banking


preliminary data	2nd Quarter		2nd Quarter
(in millions)	2006		2005		% Change

Net income		$68.8		$68.2		1	%
Revenue — fully taxable-equivalent		218.8		218.1		—
Average total loans		16,487.0		14,864.5		11	%
Average total deposits		3,013.3		3,270.1		(8	)%

Three Months Ended June 30, 2006 vs. 2005

Corporate and Investment Banking’s net income for the second quarter of 2006 was $68.8 million, an increase of $0.6 million, or 1%, compared to the second quarter of 2005. Growth in noninterest income, mainly driven by capital markets revenue, was offset by decreased fully taxable-equivalent net interest income and increased noninterest expense.

Fully taxable-equivalent net interest income decreased $7.0 million, or 11%. The decrease was mainly attributable to a decline in loan spreads. Average loans increased $1.6 billion, or 11%, from the second quarter of 2005. The loan growth was driven by increased corporate demand and growth in leasing. Average deposits decreased $256.8 million, or 8%, from the second quarter of 2005. The decline in deposits was led by a reduction in certain bid-category products that the line of business elected not to bid on due to their high cost in relation to alternative funding sources.

Provision for loan losses, which represents net charge-offs for the lines of business, improved from a net recovery position of $0.01 million in the second quarter of 2005 to a net recovery position of $0.4 million in the same period in 2006.

Total noninterest income increased $7.8 million, or 5%, from the second quarter of 2005. Noninterest income growth was driven mainly by Debt Capital Markets revenue, primarily in securitization and structured leasing along with strong growth in equity offerings. The growth was partially offset by weakness in merger and acquisition related fees and equity trading.

Total noninterest expense increased $0.6 million, or 1%, from the second quarter of 2005. The increase was related to higher personnel expense as a direct result of capital markets revenue growth.

Six Months Ended June 30, 2006 vs. 2005

Corporate and Investment Banking’s net income for the six months ended June 30, 2006 was $133.6 million, a decrease of $8.6 million, or 6%, compared to the same period in 2005. Growth in the fully taxable-equivalent net interest margin and capital markets revenue in the six months ending June 30, 2006 was offset by the divestiture of factoring assets in the first quarter of 2005.

Fully taxable-equivalent net interest income increased $1.3 million, or 1%, from the six month period ending June 30, 2005. The divestiture of factoring assets in the first quarter of 2005 negatively impacted growth in fully taxable-equivalent net interest income. Average loans increased $1.9 billion, or 13%, and average deposits increased $149.2 million, or 5%, from the six month period ending June 30, 2005. Loan growth was due to increased corporate demand, growth in leasing and merger and acquisition activity. Deposit growth was driven by an increase in demand for certificates of deposit partially offset by a decrease in certain bid-category products that the line of business elected not to bid on due to their high cost in relation to alternative funding sources.

Provision for loan losses, which represents net charge-offs for the lines of business, improved from a net recovery position of $0.7 million in the first six months of 2005 to a net recovery position of $0.8 million in the same period in 2006.

Total noninterest income decreased $11.9 million, or 4%, primarily driven by the divestiture of factoring assets in the first quarter of 2005. Noninterest income growth was driven mainly by Debt Capital Markets revenue, which was primarily driven by securitization, derivative trading and structured leasing, along with strong growth in equity offerings. The growth was partially offset by weakness in merger and acquisition related fees and equity trading.

Total noninterest expense increased $4.3 million, or 2%. The increase was related to higher personnel expense as a direct result of capital markets revenue growth partially offset by the expense reduction from the factoring asset divestiture.

Mortgage


preliminary data	2nd Quarter		2nd Quarter
(in millions)	2006		2005		% Change

Net income		$62.9		$36.3		73	%
Revenue — fully taxable-equivalent		249.9		182.2		37	%
Average total loans		32,001.0		22,994.6		39	%
Average total deposits		1,843.2		1,595.5		16	%

Three Months Ended June 30, 2006 vs. 2005

Mortgage’s net income for the second quarter of 2006 was $62.9 million, an increase of $26.7 million, or 73%, compared to the second quarter of 2005. Strong fully taxable-equivalent revenue growth driven by gains from the sale of out-of-footprint mortgage servicing assets, record production and loan sales to investors, as well as loan growth, drove the increase in net income. In the latter part of second quarter 2006, in conjunction with the Company’s balance sheet management strategy, the Company sold approximately $1.0 billion of its lower-yielding consumer mortgages and moved approximately $0.8 billion in additional mortgages to loans held for sale in anticipation of their subsequent sale. The transaction affected balances at the end of the period, but had a minimal effect on average loans.

Fully taxable-equivalent net interest income increased by $18.5 million, or 14%, principally due to growth in loans and deposits that was partially offset by lower net interest income on loans held for sale. Average loans, primarily adjustable rate mortgages, increased $9.0 billion, or 39%, due to continued demand for portfolio loan products and strong construction-permanent loan production. The loan growth contributed $28.5 million to the higher net interest income. Average deposits were up $247.7 million, or 16%, due to escrow balances associated with higher servicing balances. The higher balances combined with a higher credit for funds rate contributed $7.6 million to net interest income. While average loans held for sale increased $1.4 billion, or 24%, compressed spreads resulting from increased short-term interest rates reduced net interest income on loans held for sale $15.0 million, or 37%.

Provision for loan losses, which represents net charge-offs for the lines of business, decreased $0.7 million, or 25%.

Total noninterest income increased $49.1 million, or 96%, from the second quarter of 2005. Production income was up $30.3 million, or 113%, due to record production and loan sales to investors. Loan production of $15.0 billion was up $3.8 billion, or 34%, over second quarter 2005. Loan sales to investors were $10.7 billion, up $3.8 billion, or 55%. Excluding $1.0 billion of loans sold from the consumer mortgage loan portfolio, loan sales to investors were $9.7 billion, up $2.8 billion, or 40%. Servicing income increased $20.5 million, or 197%. Higher servicing income resulted from a $17.4 million gain on the sale of out-of-footprint mortgage servicing rights with an unpaid principal balance of $3.3 billion and higher fee income due to higher servicing balances. Partially offsetting these increases was increased mortgage servicing rights amortization. At June 30, 2006, total loans serviced were $121.4 billion compared with $89.1 billion the prior year, an increase of $32.3 billion, or 36%.

Total noninterest expense increased $26.7 million, or 21%, from the second quarter of 2005. Increased volume and growth-related expenses were the primary drivers of the higher expense.

Six Months Ended June 30, 2006 vs. 2005

Mortgage’s net income for the six months ended June 30, 2006 was $142.4 million, an increase of $68.3 million, or 92%, compared to the same period in 2005. Strong fully taxable-equivalent revenue growth driven by gains from sale of mortgage servicing assets, higher loan production, greater loan sales to investors, as well as loan growth, drove the increase in net income. In the latter part of second quarter 2006 in conjunction with the Company’s balance sheet management strategy, the Company sold approximately $1.0 billion of its lower yielding consumer mortgages and moved approximately $0.8 billion in additional mortgages to loans held for sale in anticipation of their subsequent sale. The transaction affected balances at the end of the period, but had a minimal effect on average loans.

Fully taxable-equivalent net interest income increased by $41.5 million, or 16%, principally due to growth in loans and deposits that was partially offset by lower net interest income on loans held for sale. Average loans, primarily adjustable rate mortgages, increased $8.0 billion, or 35%, due to continued demand for portfolio loan products and strong construction-permanent loan production. This loan growth contributed $50.8 million to the higher net interest income. Average deposits increased $196.9 million, or 14%, due to escrow balances associated with higher servicing balances. These balances combined with a higher credit for funds rate contributed $12.2 million to net interest income. Average loans held for sale were up $2.4 billion, or 40%. However, compressed spreads resulting from increased short-term interest rates, reduced net interest income on loans held for sale $18.5 million, or 22%.

Provision for loan losses, which represents net charge-offs for the lines of business increased $1.1 million, or 29%.

Total noninterest income increased $124.6 million, or 130%. Production income of $120.7 million increased $74.0 million, or 159%, driven by higher production and loan sales to investors. Year-to-date loan production was $26.6 billion compared with $19.9 billion for the comparable period in 2005, an increase of $6.7 billion, or 34%. Loan sales to investors were $21.0 billion, up $8.7 billion, or 71%. Excluding $1.0 billion of loans sold from the consumer mortgage loan portfolio, loan sales to investors were $20.0 billion, up $7.7 billion, or 62%. Servicing income of $75.1 million was up $52.9 million, an increase of 238%, due to gains from the sale of mortgage servicing assets of $41.8 million and increased fees from higher servicing balances.

Total noninterest expense increased $57.7 million, or 24%, from the prior year-to-date period. Increased volume and growth-related expenses were the primary drivers of this increase.

Wealth and Investment Management


preliminary data	2nd Quarter		2nd Quarter
(in millions)	2006		2005		% Change

Net income		$53.5		$51.8		3	%
Revenue — fully taxable-equivalent		343.9		316.7		9	%
Average total loans		8,063.7		7,681.9		5	%
Average total deposits		9,158.4		9,611.2		(5	)%

Three Months Ended June 30, 2006 vs. 2005

Wealth and Investment Management’s net income for the second quarter of 2006 was $53.5 million, an increase of $1.7 million, or 3%, compared to the second quarter of 2005. The growth year-over-year was primarily driven by increases in both fully tax-equivalent net interest and noninterest revenue which was partially offset by continuing efforts to build out the line of business including higher structural, staff and operations expense.

Fully taxable-equivalent net interest income increased $9.1 million, or 11%, due to increases in loan balances and widening deposit spreads due to deposit rate increases that have been slower relative to market rate increases. Average loans increased $0.4 billion, or 5%, driven by commercial loan growth. Average deposits decreased $0.5 billion, or 5%, due to a decline in money market and NOW account balances, partially offset by certificate of deposit growth.

Provision for loan losses, which represents net charge-offs for the lines of business, decreased $0.2 million from the second quarter of 2005.

Total noninterest income increased $18.1 million, or 8%, from the second quarter of 2005 attributable to growth in trust income that resulted from growth in assets under management and improved market conditions, as well as increased retail investment income and other income. End of period assets under management were approximately $134.8 billion compared to approximately $130.3 billion at the end of 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. Total assets under advisement were approximately $249.3 billion, which includes the $134.8 billion in assets under management, $51.2 billion in non-managed trust assets, $35.0 billion in retail brokerage assets and $28.3 billion in non-managed corporate trust assets.

Total noninterest expense increased $24.7 million, or 11%, from the second quarter of 2005. The growth was primarily driven by the continuing efforts to build out the line of business including higher structural, staff and operations expense.

Six Months Ended June 30, 2006 vs. 2005

In a continuing effort to enhance the segment reporting process, modifications were made to corporate methodologies related to the allocation of corporate overhead, advertising and systems development. While these reallocations affected all of the lines of business, only Wealth and Investment Management was significantly impacted. As a result of these changes, Wealth and Investment Management’s first quarter 2006 net income growth was adjusted from 7% as previously reported to 12%. The effect of the first quarter modifications, coupled with the 3% second quarter 2006 net income growth, produces year-to-date net income growth of 7%, which is fully representative of the financial performance of the line of business.

Wealth and Investment Management’s net income for the six months ended June 30, 2006 was $98.1 million, an increase of $6.5 million, or 7%, compared to the same period in 2005. The growth year-over-year was driven primarily by increases in both fully taxable-equivalent net interest income and noninterest income, partially offset by continuing efforts to build out the line of business including higher structural, staff and operations expense.

Fully taxable-equivalent net interest income increased $23.9 million, or 15%, and was attributable to a combination of increased loan volumes and widening deposit spreads due to deposit rate increases that have been slower relative to market rate increases. Average loans increased $0.5 billion, or 6%, led by growth in commercial real estate and commercial loans. Average deposits decreased $0.3 billion, or 3%, due to declines in NOW and money market account balances, partially offset by certificates of deposit growth.

Provision for loan losses, which represents net charge-offs for the lines of business decreased $0.2 million.

Total noninterest income increased $24.3 million, or 5%. Noninterest income was driven by growth in trust and retail investment income. Trust income increased due to increases in recurring fees that resulted from growth in assets under management and improved market conditions. Retail investment (brokerage) income increased due to improvements in annuity, managed account and new business revenues.

Total noninterest expense increased $38.2 million, or 8%. The growth was primarily driven by the continuing efforts to build out the line of business including higher structural, staff and operations expense.

Corporate Other and Treasury


preliminary data	2nd Quarter		2nd Quarter
(in millions)	2006		2005		% Change

Net income		$51.1		$43.2		18	%
Securities available for sale		25,466.6		27,117.6		(6	)%

Three Months Ended June 30, 2006 vs. 2005

Corporate Other and Treasury’s net income for the second quarter of 2006 was $51.1 million, an increase of $7.9 million, or 18%, compared to the second quarter of 2005, primarily due to a decrease in merger-related expense offset by a decrease in fully taxable-equivalent net interest income.

Fully taxable-equivalent net interest income decreased $55.0 million, or 54%. The main drivers for the reduction in net interest income were a $1.7 billion decrease on average 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 $11.3 billion, or 71%, from the second quarter of 2005 mainly due to growth in brokered and foreign deposits of $11.5 billion.

Provision for loan losses, which represents the difference between net charge-offs for the lines of business and total provision for loan losses, increased $12.5 million from the second quarter of 2005, representing additional provision expense necessary to support the Company’s strong loan growth.

Total noninterest income increased $12.6 million, or 91%, from the second quarter of 2005. This was mainly due to an increase in securities gains of $6.4 million and miscellaneous income of $5.7 million.

Total noninterest expense decreased $63.0 million from $59.4 million in 2005 to a net recovery of $3.6 million in 2006. This was mainly due to a reduction in merger-related expense of $53.9 million.

Six Months Ended June 30, 2006 vs. 2005

Corporate Other and Treasury’s net income for the six months ended June 30, 2006 was $94.9 million, a decrease of $53.9 million, or 36%, compared to the same period in 2005, primarily due to decline in fully taxable-equivalent net interest income offset by a decrease in merger-related expense.

Fully taxable-equivalent net interest income decreased $124.7 million, or 53%. The main drivers for the reduction in net interest income were a $1.9 billion decrease on average 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 $11.1 billion, or 75%, from the second quarter of 2005 mainly due to growth in brokered and foreign deposits of $11.4 billion.

Provision for loan losses, which represents the difference between net charge-offs for the lines of business and total provision for loan losses, increased $46.9 million to $35.9 million for the six months ended June 30, 2006, representing additional provision expense necessary to support the Company’s strong loan growth.

Total noninterest income increased $16.8 million, or 93%. This was mainly due to securities gains of $6.0 million as compared to securities losses of $6.9 million in 2005.

Total noninterest expense decreased $63.3 million from $72.4 million in 2005 to $9.1 million in 2006. This decline was mainly due to a reduction in merger-related expense of $79.0 million.

Corresponding Financial Tables and Information

This news release contains certain non-US GAAP financial measures to describe our Company’s performance. The reconciliation of those measures to the most directly comparable US 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 news release.

Investors are encouraged to review the foregoing summary and discussion of SunTrust’s earnings and financial condition in conjunction with the detailed financial tables and information which SunTrust has also published today and SunTrust’s forthcoming quarterly report on Form 10-Q. Detailed financial tables and other information are available on our Web site at www.suntrust.com in the Investor Relations section located under “About SunTrust” and may be directly accessed via the quick link entitled “2nd Quarter Earnings Release” on the SunTrust homepage. This information is also included in a current report on Form 8-K filed with the SEC today.

Conference Call

SunTrust management will host a conference call on July 19, 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 a.m. (Eastern Time) by dialing 1-888-972-7805 (Passcode: 2Q06; Leader: Greg Ketron). Individuals calling from outside the United States should dial 1-517-308-9091 (Passcode: 2Q06; Leader: Greg Ketron). A replay of the call will be available beginning July 19, 2006 and ending August 2, 2006 by dialing 1-800-925-5414 (domestic) or 1-402-530-8073 (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, “2nd Quarter Earnings Release.” Beginning the afternoon of July 19, 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.

Forward Looking Statements

This news release may contain forward-looking statements, including statements about credit quality and 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. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward-looking statements. Factors that could cause 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 changes in interest rates; changes in general business or economic conditions or the competitive banking environment; changes in credit conditions including customers’ ability to repay debt obligations; competitive pressures among local, regional, national, and international banks, thrifts credit unions, and other financial institutions; increases in the cost of funds resulting from customers pursuing alternatives to bank deposits or shifting from demand deposits to higher-cost products; significant changes in legislation or regulatory requirements, or the fiscal and monetary policies of the federal government and its agencies; significant changes in securities markets or markets for commercial or residential real estate; the Company’s success in managing its costs, including costs associated with the expansion of distribution channels and developing new ones; the potential that the Company may acquire other institutions or may be acquired by other institutions; the potential that the Company may divest certain portions of its business; hurricanes and other natural disasters; litigation; and changes in accounting principles, policies, or guidelines. The forward-looking statements in this news release speak only as of this date, and SunTrust does not assume any obligation to update such statements or to update the reasons why actual results could differ from those contained in such statements.

###

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


	Three Months Ended									Six Months Ended
	June 30						%			June 30						%

	2006			2005			Change			2006			2005			Change
EARNINGS & DIVIDENDS
Net income		$544.0			$465.7			16.8	%		$1,075.5			$958.0			12.3	%
Total revenue - FTE ²		2,065.4			1,913.3			7.9			4,116.3			3,796.4			8.4
Total revenue - FTE excluding securities gains and losses and net gain on sale of RCM assets ¹		2,059.5			1,913.4			7.6			4,110.3			3,782.2			8.7

Net income per average common share
Diluted		1.49			1.28			16.4			2.96			2.64			12.1
Basic		1.51			1.30			16.2			2.98			2.67			11.6
Dividends paid per average common share		0.61			0.55			10.9			1.22			1.10			10.9

CONDENSED BALANCE SHEETS
Selected Average Balances
Total assets		$180,744			$165,254			9.4	%		$179,190			$163,247			9.8	%
Earning assets		158,889			144,283			10.1			157,325			142,186			10.6
Loans		120,145			106,967			12.3			118,214			105,102			12.5
Consumer and commercial deposits		97,172			93,065			4.4			96,238			92,022			4.6
Brokered and foreign deposits		27,194			15,709			73.1			25,930			14,573			77.9
Shareholders’ equity		17,304			16,276			6.3			17,179			16,198			6.1

As of
Total assets		181,143			168,953			7.2
Earning assets		158,845			147,014			8.0
Loans		120,243			109,594			9.7
Allowance for loan and lease losses		1,062			1,036			2.5
Consumer and commercial deposits		99,042			93,814			5.6
Brokered and foreign deposits		25,811			15,763			63.7
Shareholders’ equity		17,424			16,646			4.7

FINANCIAL RATIOS & OTHER DATA
Return on average total assets		1.21	%		1.13	%		7.1	%		1.21	%		1.18	%		2.5	%
Return on average assets less net unrealized securities gains ¹		1.18			1.11			6.3			1.19			1.17			1.7
Return on average total shareholders’ equity		12.61			11.48			9.8			12.63			11.93			5.9
Return on average realized shareholders’ equity ¹		12.90			12.02			7.3			12.98			12.61			2.9

Net interest margin ²		3.00			3.18			(5.7	)		3.06			3.22			(5.0	)
Efficiency ratio ²		58.78			61.30			(4.1	)		59.29			60.76			(2.4	)
Tangible efficiency ratio ¹		57.53			59.74			(3.7	)		58.00			59.15			(1.9	)
Effective tax rate		30.10			30.90			(2.6	)		30.56			31.32			(2.4	)
Full-time equivalent employees		34,155			32,751			4.3
Number of ATMs		2,564			2,761			(7.1	)
Full service banking offices		1,695			1,642			3.2
Traditional		1,342			1,319			1.7
In-store		353			323			9.3

Tier 1 capital ratio		7.25	%³		7.04	%		3.0	%
Total capital ratio		10.60	³		10.25			3.4
Tier 1 leverage ratio		6.78	³		6.65			2.0
Total average shareholders’ equity to total average assets		9.57			9.85			(2.8	)		9.59			9.92			(3.3	)
Tangible equity to tangible assets ¹		5.81			5.72			1.6
Book value per share		47.85			45.96			4.1
Market price:
High		78.33			75.00			4.4			78.33			75.00			4.4
Low		72.56			69.60			4.3			69.68			69.00			1.0
Close		76.26			72.24			5.6			76.26			72.24			5.6
Market capitalization		27,768			26,162			6.1
Average common shares outstanding (000s)
Diluted		364,391			363,642			0.2			363,917			363,392			0.1
Basic		361,267			359,090			0.6			360,604			358,674			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 net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources. Revenue - FTE equals net interest income on a FTE basis plus noninterest income.
³		Current period tier 1 capital, total capital and tier 1 leverage ratios are estimated as of the news release date.

Page 1

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


	Three Months Ended
	June 30			March 31			December 31			September 30			June 30
	2006			2006			2005			2005			2005
EARNINGS & DIVIDENDS
Net income		$544.0			$531.5			$518.5			$510.8			$465.7
Total revenue - FTE ²		2,065.4			2,050.9			2,005.0			2,008.1			1,913.3
Total revenue - FTE excluding securities gains and losses and net gain on sale of RCM assets ¹		2,059.5			2,050.8			2,004.4			2,006.7			1,913.4

Net income per average common share
Diluted		1.49			1.46			1.43			1.40			1.28
Basic		1.51			1.48			1.44			1.42			1.30
Dividends paid per average common share		0.61			0.61			0.55			0.55			0.55

CONDENSED BALANCE SHEETS
Selected Average Balances
Total assets		$180,744			$177,618			$175,769			$169,934			$165,254
Earning assets		158,889			155,743			153,490			148,553			144,283
Loans		120,145			116,263			113,828			110,818			106,967
Consumer and commercial deposits		97,172			95,292			95,257			94,076			93,065
Brokered and foreign deposits		27,194			24,652			21,010			17,969			15,709
Shareholders’ equity		17,304			17,052			16,876			16,823			16,276

As of
Total assets		181,143			178,876			179,713			172,416			168,953
Earning assets		158,845			156,439			156,641			150,580			147,014
Loans		120,243			118,130			114,555			112,411			109,594
Allowance for loan and lease losses		1,062			1,039			1,028			1,030			1,036
Consumer and commercial deposits		99,042			97,940			97,572			94,465			93,814
Brokered and foreign deposits		25,811			23,836			24,481			19,265			15,763
Shareholders’ equity		17,424			17,157			16,887			16,718			16,646

FINANCIAL RATIOS & OTHER DATA
Return on average total assets		1.21	%		1.21	%		1.17	%		1.19	%		1.13	%
Return on average assets less net unrealized securities gains ¹		1.18			1.19			1.15			1.18			1.11
Return on average total shareholders’ equity		12.61			12.64			12.19			12.05			11.48
Return on average realized shareholders’ equity ¹		12.90			13.06			12.75			12.81			12.02

Net interest margin ²		3.00			3.12			3.12			3.14			3.18
Efficiency ratio ²		58.78			59.80			60.20			58.62			61.30
Tangible efficiency ratio ¹		57.53			58.47			58.79			57.13			59.74
Effective tax rate		30.10			31.03			28.97			31.12			30.90
Full-time equivalent employees		34,155			33,697			33,406			33,013			32,751
Number of ATMs		2,564			2,786			2,782			2,769			2,761
Full service banking offices		1,695			1,677			1,657			1,647			1,642
Traditional		1,342			1,332			1,325			1,319			1,319
In-store		353			345			332			328			323

Tier 1 capital ratio		7.25	%³		7.26	%		7.01	%		7.03	%		7.04	%
Total capital ratio		10.60	³		10.88			10.57			10.66			10.25
Tier 1 leverage ratio		6.78	³		6.71			6.65			6.64			6.65
Total average shareholders’ equity to total average assets		9.57			9.60			9.60			9.90			9.85
Tangible equity to tangible assets ¹		5.81			5.72			5.56			5.68			5.72
Book value per share		47.85			47.22			46.65			46.28			45.96
Market price:
High		78.33			76.75			75.46			75.77			75.00
Low		72.56			69.68			65.32			68.85			69.60
Close		76.26			72.76			72.76			69.45			72.24
Market capitalization		27,768			26,437			26,338			25,089			26,162
Average common shares outstanding (000s)
Diluted		364,391			363,437			363,175			363,854			363,642
Basic		361,267			359,934			359,203			359,702			359,090


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 net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources. Revenue - FTE equals net interest income on a FTE basis plus noninterest income.
³		Current period tier 1 capital, total capital and tier 1 leverage ratios are estimated as of the news release date.

Page 2

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


	As of June 30						Increase/(Decrease)
	2006			2005			Amount			%
ASSETS
Cash and due from banks		$4,214,076			$4,476,229			($262,153	)		(5.9)	%
Interest-bearing deposits in other banks		29,733			24,255			5,478			22.6
Funds sold and securities purchased under agreements to resell		942,983			1,496,544			(553,561	)		(37.0	)
Trading assets		2,621,940			2,489,467			132,473			5.3
Securities available for sale ¹		26,542,900			28,767,390			(2,224,490	)		(7.7	)
Loans held for sale		10,819,967			7,656,249			3,163,718			41.3
Loans:
Commercial		35,159,832			33,750,907			1,408,925			4.2
Real estate:
Home equity lines		13,894,177			12,812,764			1,081,413			8.4
Construction		13,099,808			9,540,554			3,559,254			37.3
Residential mortgages		32,844,670			26,756,044			6,088,626			22.8
Commercial real estate		12,575,092			12,692,682			(117,590	)		(0.9	)
Consumer:
Direct		4,237,332			4,981,830			(744,498	)		(14.9	)
Indirect		8,113,741			8,842,322			(728,581	)		(8.2	)
Business credit card		318,493			217,097			101,396			46.7

Total loans		120,243,145			109,594,200			10,648,945			9.7
Allowance for loan and lease losses		(1,061,862	)		(1,036,173	)		(25,689	)		2.5

Net loans		119,181,283			108,558,027			10,623,256			9.8
Goodwill		6,900,222			6,873,111			27,111			0.4
Other intangible assets		1,141,346			1,094,803			46,543			4.3
Other assets		8,748,994			7,516,500			1,232,494			16.4

Total assets ²	$	181,143,444		$	168,952,575		$	12,190,869			7.2


LIABILITIES
Noninterest-bearing consumer and commercial deposits		$24,243,088			$24,514,476			($271,388	)		(1.1)	%
Interest-bearing consumer and commercial deposits:
NOW accounts		17,194,199			17,574,815			(380,616	)		(2.2	)
Money market accounts		24,627,018			25,798,052			(1,171,034	)		(4.5	)
Savings		5,556,847			6,124,696			(567,849	)		(9.3	)
Consumer time		16,134,694			12,131,283			4,003,411			33.0
Other time		11,285,875			7,670,308			3,615,567			47.1

Total consumer and commercial deposits		99,041,721			93,813,630			5,228,091			5.6
Brokered deposits		18,425,635			11,419,706			7,005,929			61.3
Foreign deposits		7,385,081			4,343,762			3,041,319			70.0

Total deposits		124,852,437			109,577,098			15,275,339			13.9
Funds purchased		4,527,339			5,199,559			(672,220	)		(12.9	)
Securities sold under agreements to repurchase		7,158,914			6,712,000			446,914			6.7
Other short-term borrowings		1,438,891			2,728,111			(1,289,220	)		(47.3	)
Long-term debt		18,222,162			21,565,176			(3,343,014	)		(15.5	)
Trading liabilities		1,574,107			1,003,495			570,612			56.9
Other liabilities		5,945,674			5,520,940			424,734			7.7

Total liabilities		163,719,524			152,306,379			11,413,145			7.5


SHAREHOLDERS’ EQUITY
Preferred stock, no par value		-			-			-			-
Common stock, $1.00 par value		370,578			370,578			-			-
Additional paid in capital		6,751,929			6,763,940			(12,011	)		(0.2	)
Retained earnings		9,943,155			8,679,452			1,263,703			14.6
Treasury stock, at cost, and other		(418,262	)		(465,736	)		47,474			(10.2	)
Accumulated other comprehensive income		776,520			1,297,962			(521,442	)		(40.2	)

Total shareholders’ equity		17,423,920			16,646,196			777,724			4.7


Total liabilities and shareholders’ equity	$	181,143,444		$	168,952,575		$	12,190,869			7.2


Common shares outstanding		364,129,209			362,159,995			1,969,214			0.5
Common shares authorized		750,000,000			750,000,000			-			-
Treasury shares of common stock		6,449,189			8,418,403			(1,969,214	)		(23.4	)



¹Includes net unrealized gains of		$1,309,753			$2,032,317			($722,564	)		(35.6)	%
²Includes earning assets of		158,845,216			147,014,102			11,831,114			8.0

Page 3

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


	As of
	June 30			March 31			December 31			September 30			June 30
	2006			2006			2005			2005			2005
ASSETS
Cash and due from banks		$4,214,076			$4,158,082			$4,659,664			$4,228,590			$4,476,229
Interest-bearing deposits in other banks		29,733			81,857			332,444			22,694			24,255
Funds sold and securities purchased under agreements to resell		942,983			1,108,841			1,313,498			1,208,087			1,496,544
Trading assets		2,621,940			2,937,137			2,811,225			2,470,160			2,489,467
Securities available for sale ¹		26,542,900			27,335,487			26,525,821			26,867,580			28,767,390
Loans held for sale		10,819,967			9,351,662			13,695,613			10,378,411			7,656,249
Loans:
Commercial		35,159,832			33,496,827			33,764,183			33,109,716			33,750,907
Real estate:
Home equity lines		13,894,177			13,791,702			13,635,705			13,268,826			12,812,764
Construction		13,099,808			12,068,483			11,046,903			10,225,044			9,540,554
Residential mortgages		32,844,670			32,366,617			29,877,312			28,646,871			26,756,044
Commercial real estate		12,575,092			12,571,041			12,516,035			12,566,702			12,692,682
Consumer:
Direct		4,237,332			5,421,722			5,060,844			5,513,473			4,981,830
Indirect		8,113,741			8,130,463			8,389,401			8,829,635			8,842,322
Business credit card		318,493			283,390			264,512			250,543			217,097

Total loans		120,243,145			118,130,245			114,554,895			112,410,810			109,594,200
Allowance for loan and lease losses		(1,061,862	)		(1,039,247	)		(1,028,128	)		(1,029,855	)		(1,036,173	)

Net loans		119,181,283			117,090,998			113,526,767			111,380,955			108,558,027
Goodwill		6,900,222			6,897,105			6,835,168			6,841,631			6,873,111
Other intangible assets		1,141,346			1,123,463			1,122,967			1,112,873			1,094,803
Other assets		8,748,994			8,791,844			8,889,674			7,905,115			7,516,500

Total assets ²		$181,143,444			$178,876,476			$179,712,841			$172,416,096			$168,952,575


LIABILITIES
Noninterest-bearing consumer and commercial deposits		$24,243,088			$24,649,242			$26,327,663			$24,548,595			$24,514,476
Interest-bearing consumer and commercial deposits:
NOW accounts		17,194,199			17,514,277			17,781,451			16,896,647			17,574,815
Money market accounts		24,627,018			26,144,180			25,484,016			26,065,278			25,798,052
Savings		5,556,847			5,283,632			5,423,878			5,670,516			6,124,696
Consumer time		16,134,694			14,397,034			13,436,072			12,786,056			12,131,283
Other time		11,285,875			9,951,523			9,119,302			8,497,819			7,670,308

Total consumer and commercial deposits		99,041,721			97,939,888			97,572,382			94,464,911			93,813,630
Brokered deposits		18,425,635			16,965,675			15,644,932			12,837,377			11,419,706
Foreign deposits		7,385,081			6,870,179			8,835,864			6,427,770			4,343,762

Total deposits		124,852,437			121,775,742			122,053,178			113,730,058			109,577,098
Federal funds purchased		4,527,339			4,346,238			4,258,013			3,085,738			5,199,559
Securities sold under agreements to repurchase		7,158,914			6,970,317			6,116,520			6,603,466			6,712,000
Other short-term borrowings		1,438,891			1,494,384			1,937,624			3,173,951			2,728,111
Long-term debt		18,222,162			18,919,961			20,779,249			22,364,776			21,565,176
Trading liabilities		1,574,107			1,734,328			1,529,325			1,064,603			1,003,495
Other liabilities		5,945,674			6,478,058			6,151,537			5,675,754			5,520,940

Total liabilities		163,719,524			161,719,028			162,825,446			155,698,346			152,306,379


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		6,751,929			6,743,418			6,761,684			6,758,901			6,763,940
Retained earnings		9,943,155			9,621,597			9,310,978			8,991,168			8,679,452
Treasury stock, at cost, and other		(418,262	)		(472,505	)		(493,936	)		(541,176	)		(465,736	)
Accumulated other comprehensive income		776,520			894,360			938,091			1,138,279			1,297,962

Total shareholders’ equity		17,423,920			17,157,448			16,887,395			16,717,750			16,646,196


Total liabilities and shareholders’ equity		$181,143,444			$178,876,476			$179,712,841			$172,416,096			$168,952,575


Common shares outstanding		364,129,209			363,338,615			361,984,193			361,248,048			362,159,995
Common shares authorized		750,000,000			750,000,000			750,000,000			750,000,000			750,000,000
Treasury shares of common stock		6,449,189			7,239,783			8,594,205			9,330,350			8,418,403


¹Includes net unrealized gains of		$1,309,753			$1,497,176			$1,572,033			$1,888,990			$2,032,317
²Includes earning assets of		158,845,216			156,439,347			156,640,894			150,579,614			147,014,102

Page 4

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


	Three Months Ended											Six Months Ended
	June 30					Increase/(Decrease) ²						June 30					Increase/(Decrease) ²
	2006		2005			Amount			%			2006		2005			Amount			%
Interest income		$2,423,087		$1,843,273			$579,814			31.5	%		$4,701,800		$3,559,295			$1,142,505			32.1	%
Interest expense		1,254,344		719,564			534,780			74.3			2,354,016		1,324,026			1,029,990			77.8

NET INTEREST INCOME		1,168,743		1,123,709			45,034			4.0			2,347,784		2,235,269			112,515			5.0
Provision for loan losses		51,759		47,811			3,948			8.3			85,162		58,367			26,795			45.9

NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES		1,116,984		1,075,898			41,086			3.8			2,262,622		2,176,902			85,720			3.9


NONINTEREST INCOME
Service charges on deposit accounts		191,645		193,276			(1,631	)		(0.8	)		377,830		377,379			451			0.1
Trust and investment management income		175,811		167,503			8,308			5.0			343,900		332,018			11,882			3.6
Retail investment services		58,441		52,624			5,817			11.1			113,430		107,767			5,663			5.3
Other charges and fees		113,948		112,258			1,690			1.5			226,330		223,633			2,697			1.2
Investment banking income		60,481		53,706			6,775			12.6			112,296		103,713			8,583			8.3
Trading account profits and commissions		46,182		31,819			14,363			45.1			83,057		75,865			7,192			9.5
Card fees		61,941		52,011			9,930			19.1			118,544		100,167			18,377			18.3
Net gain on sale of RCM assets		-		-			-			-			-		19,874			(19,874	)		(100.0	)
Mortgage production related income		56,579		26,238			30,341			115.6			119,616		44,235			75,381			170.4
Mortgage servicing related income		31,401		10,885			20,516			188.5			76,111		23,095			53,016			229.6
Other noninterest income		73,082		70,616			2,466			3.5			149,799		122,663			27,136			22.1
Securities gains/(losses), net		5,858		(27	)		5,885		NM				5,962		(5,686	)		11,648		NM

Total noninterest income		875,369		770,909			104,460			13.6			1,726,875		1,524,723			202,152			13.3


NONINTEREST EXPENSE
Employee compensation and benefits		689,073		623,284			65,789			10.6			1,394,038		1,258,077			135,961			10.8
Net occupancy expense		81,710		73,483			8,227			11.2			162,754		149,334			13,420			9.0
Outside processing and software		98,447		89,282			9,165			10.3			193,339		172,130			21,209			12.3
Equipment expense		48,107		51,579			(3,472	)		(6.7	)		97,555		104,461			(6,906	)		(6.6	)
Marketing and customer development		49,378		36,298			13,080			36.0			92,024		67,927			24,097			35.5
Amortization of intangible assets		25,885		29,818			(3,933	)		(13.2	)		53,130		61,035			(7,905	)		(13.0	)
Merger expense		-		54,262			(54,262	)		(100.0	)		-		80,000			(80,000	)		(100.0	)
Other noninterest expense		221,493		214,819			6,674			3.1			447,744		413,767			33,977			8.2

Total noninterest expense		1,214,093		1,172,825			41,268			3.5			2,440,584		2,306,731			133,853			5.8


INCOME BEFORE PROVISION FOR INCOME TAXES		778,260		673,982			104,278			15.5			1,548,913		1,394,894			154,019			11.0
Provision for income taxes		234,258		208,282			25,976			12.5			473,384		436,900			36,484			8.4

NET INCOME		$544,002		$465,700			$78,302			16.8			$1,075,529		$957,994			$117,535			12.3


Net interest income - FTE ¹		$1,190,026		$1,142,429			$47,597			4.2			$2,389,405		$2,271,655			$117,750			5.2

Net income per average common share
Diluted		1.49		1.28			0.21			16.4			2.96		2.64			0.32			12.1
Basic		1.51		1.30			0.21			16.2			2.98		2.67			0.31			11.6

Cash dividends paid per common share		0.61		0.55			0.06			10.9			1.22		1.10			0.12			10.9
Average shares outstanding (000s)
Diluted		364,391		363,642			749			0.2			363,917		363,392			525			0.1
Basic		361,267		359,090			2,177			0.6			360,604		358,674			1,930			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.
²		“NM” - Not meaningful

Page 5

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


	Three Months Ended
	June 30		March 31		December 31		September 30			June 30
	2006		2006		2005		2005			2005
Interest income		$2,423,087		$2,278,713		$2,175,340		$1,996,674			$1,843,273
Interest expense		1,254,344		1,099,672		988,304		840,013			719,564

NET INTEREST INCOME		1,168,743		1,179,041		1,187,036		1,156,661			1,123,709
Provision for loan losses		51,759		33,403		48,126		70,393			47,811

NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES		1,116,984		1,145,638		1,138,910		1,086,268			1,075,898


NONINTEREST INCOME
Service charges on deposit accounts		191,645		186,185		196,792		198,348			193,276
Trust and investment management income		175,811		168,089		172,900		168,802			167,503
Retail investment services		58,441		54,989		53,250		52,257			52,624
Other charges and fees		113,948		112,382		115,507		117,341			112,258
Investment banking income		60,481		51,815		59,727		53,090			53,706
Trading account profits and commissions		46,182		36,875		27,418		41,837			31,819
Card fees		61,941		56,603		57,688		52,924			52,011
Net gain on sale of RCM assets		-		-		-		3,508			-
Mortgage production related income		56,579		63,037		34,817		65,833			26,238
Mortgage servicing related income		31,401		44,710		13,519		5,242			10,885
Other noninterest income		73,082		76,717		65,705		75,285			70,616
Securities gains/(losses), net		5,858		104		600		(2,069	)		(27	)

Total noninterest income		875,369		851,506		797,923		832,398			770,909


NONINTEREST EXPENSE
Employee compensation and benefits		689,073		704,965		643,801		632,333			623,284
Net occupancy expense		81,710		81,044		83,217		79,519			73,483
Outside processing and software		98,447		94,892		92,305		92,952			89,282
Equipment expense		48,107		49,448		49,494		50,083			51,579
Marketing and customer development		49,378		42,646		50,133		38,651			36,298
Amortization of intangible assets		25,885		27,245		28,192		29,737			29,818
Merger expense		-		-		6,538		12,104			54,262
Other noninterest expense		221,493		226,251		253,247		241,692			214,819

Total noninterest expense		1,214,093		1,226,491		1,206,927		1,177,071			1,172,825


INCOME BEFORE PROVISION FOR INCOME TAXES
		778,260		770,653		729,906		741,595			673,982
Provision for income taxes		234,258		239,126		211,435		230,821			208,282

NET INCOME		$544,002		$531,527		$518,471		$510,774			$465,700


Net interest income - FTE ¹		$1,190,026		$1,199,379		$1,207,061		$1,175,742			$1,142,429
Net income per average common share
Diluted		1.49		1.46		1.43		1.40			1.28
Basic		1.51		1.48		1.44		1.42			1.30
Cash dividends paid per common share		0.61		0.61		0.55		0.55			0.55
Average shares outstanding (000s)
Diluted		364,391		363,437		363,175		363,854			363,642
Basic		361,267		359,934		359,203		359,702			359,090


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.

Page 6

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
	June 30, 2006								March 31, 2006
				Interest								Interest
	Average			Income/		Yields/			Average			Income/		Yields/
	Balances			Expense		Rates			Balances			Expense		Rates
ASSETS
Loans:
Real estate 1-4 family		$34,348.0			$515.1		6.00	%		$31,489.6			$456.4		5.80	%
Real estate construction		12,180.6			226.4		7.45			11,117.5			195.6		7.14
Real estate home equity lines		13,517.5			253.6		7.52			13,389.9			235.1		7.12
Real estate commercial		12,840.8			215.5		6.73			12,780.4			204.4		6.49
Commercial - FTE ¹		33,993.0			516.7		6.10			33,064.5			482.8		5.92
Business credit card		307.0			4.6		5.96			278.1			4.4		6.30
Consumer - direct		4,251.1			75.9		7.16			5,284.8			84.2		6.46
Consumer - indirect		8,385.8			117.0		5.60			8,553.0			115.2		5.46
Nonaccrual and restructured		320.7			3.1		3.88			304.5			4.1		5.52

Total loans		120,144.5			1,927.9		6.44			116,262.3			1,782.2		6.22
Securities available for sale:
Taxable		24,621.2			294.8		4.79			23,927.9			283.1		4.73
Tax-exempt - FTE ¹		933.6			13.7		5.85			916.5			13.4		5.85

Total securities available for sale - FTE ¹		25,554.8			308.5		4.83			24,844.4			296.5		4.77
Funds sold and securities purchased under agreements to resell		1,244.1			15.2		4.83			1,130.1			12.0		4.23
Loans held for sale		9,929.3			163.7		6.59			11,359.6			177.9		6.26
Interest-bearing deposits		27.0			0.3		4.73			293.6			2.4		3.34
Interest earning trading assets ²		1,989.1			28.7		5.78			1,853.0			28.1		6.16

Total earning assets		158,888.8			2,444.3		6.17			155,743.0			2,299.1		5.99
Allowance for loan and lease losses		(1,050.1	)							(1,037.8	)
Cash and due from banks		3,899.6								4,056.0
Premises and equipment		1,908.0								1,871.1
Other assets		14,660.1								14,402.6
Noninterest earning trading assets ²		909.7								970.6
Unrealized gains on securities available for sale, net		1,528.0								1,612.8

Total assets		$180,744.1								$177,618.3


LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing deposits:
NOW accounts		$16,811.2			$67.0		1.60	%		$17,000.0			$60.5		1.44	%
Money market accounts		25,091.3			163.4		2.61			25,628.4			146.6		2.32
Savings		5,161.0			16.2		1.26			5,291.2			15.0		1.15
Consumer time		15,471.7			146.7		3.80			13,894.6			117.3		3.42
Other time		10,779.1			114.8		4.27			9,579.6			91.7		3.88

Total interest-bearing consumer and commercial deposits		73,314.3			508.1		2.78			71,393.8			431.1		2.45
Brokered deposits		17,692.0			218.6		4.89			15,447.9			172.7		4.47
Foreign deposits		9,502.3			117.5		4.89			9,203.8			101.8		4.42

Total interest-bearing deposits		100,508.6			844.2		3.37			96,045.5			705.6		2.98
Funds purchased		4,402.3			54.2		4.87			3,974.9			43.8		4.40
Securities sold under agreements to repurchase		7,184.1			79.4		4.37			6,865.1			68.4		3.99
Other short-term borrowings		1,252.4			18.0		5.78			1,866.6			25.2		5.47
Long-term debt		18,438.0			258.5		5.62			20,413.0			256.7		5.10

Total interest-bearing liabilities		131,785.4			1,254.3		3.82			129,165.1			1,099.7		3.45
Noninterest-bearing deposits		23,858.0								23,898.6
Other liabilities		7,796.3								7,502.8
Shareholders’ equity		17,304.4								17,051.8

Total liabilities and shareholders’ equity		$180,744.1								$177,618.3



Interest Rate Spread							2.35	%							2.54	%


Net Interest Income - FTE ¹					$1,190.0								$1,199.4


Net Interest Margin ²							3.00	%							3.12	%


¹		The fully taxable-equivalent (“FTE”) basis adjusts for the tax-favored status of net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources.
²		The net interest margin is calculated by dividing annualized net interest income - FTE by average total earning assets. During the second quarter of 2006, the Company began to segregate certain noninterest earning trading assets that had previously been included with interest earning trading assets. All prior periods presented were restated to reflect this refinement. Management believes this refined method to be more reflective of the interest earning nature of these assets.

Page 7

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
	December 31, 2005								September 30, 2005								June 30, 2005
				Interest								Interest								Interest
	Average			Income/		Yields/			Average			Income/		Yields/			Average			Income/		Yields/
	Balances			Expense		Rates			Balances			Expense		Rates			Balances			Expense		Rates
ASSETS
Loans:
Real estate 1-4 family		$29,893.4			$422.7		5.66	%		$28,250.5			$388.4		5.50	%		$26,224.1			$347.8		5.31	%
Real estate construction		10,147.9			173.9		6.80			9,515.7			152.6		6.36			9,196.9			137.6		6.00
Real estate home equity lines		13,067.7			218.2		6.62			12,648.6			195.7		6.14			12,134.7			173.7		5.74
Real estate commercial		12,792.1			201.7		6.26			12,872.0			193.0		5.95			12,214.5			171.9		5.64
Commercial - FTE ¹		32,997.2			466.5		5.61			32,601.7			428.7		5.22			32,393.4			398.6		4.94
Business credit card		271.8			4.2		6.21			223.5			3.8		6.89			213.1			3.5		6.52
Consumer - direct		5,438.2			83.8		6.11			5,173.0			76.7		5.88			5,404.7			79.3		5.88
Consumer - indirect		8,899.1			122.0		5.44			9,179.8			124.9		5.40			8,861.1			117.7		5.33
Nonaccrual and restructured		320.2			3.5		4.31			353.6			3.8		4.25			324.2			3.1		3.78

Total loans		113,827.6			1,696.5		5.91			110,818.4			1,567.6		5.61			106,966.7			1,433.2		5.37
Securities available for sale:
Taxable		24,005.4			273.8		4.56			25,252.1			281.6		4.46			26,526.7			293.3		4.42
Tax-exempt - FTE ¹		908.1			13.3		5.87			872.2			12.9		5.91			857.8			12.7		5.93

Total securities available for sale - FTE ¹		24,913.5			287.1		4.61			26,124.3			294.5		4.51			27,384.5			306.0		4.47
Funds sold and securities purchased under agreements to resell		1,068.4			10.4		3.82			1,391.8			11.9		3.35			1,560.7			11.2		2.84
Loans held for sale		11,980.8			180.9		6.04			8,571.5			123.0		5.74			6,783.0			95.7		5.65
Interest-bearing deposits		31.9			0.3		3.96			18.5			0.2		3.72			31.9			0.3		3.85
Interest earning trading assets ²		1,667.6			20.2		4.80			1,628.1			18.6		4.52			1,556.5			15.6		4.01

Total earning assets		153,489.8			2,195.4		5.67			148,552.6			2,015.8		5.38			144,283.3			1,862.0		5.18
Allowance for loan and lease losses		(1,034.8	)							(1,036.5	)							(1,030.7	)
Cash and due from banks		4,349.2								4,226.8								4,368.5
Premises and equipment		1,833.5								1,842.6								1,848.1
Other assets		14,370.1								13,517.1								13,218.4
Noninterest earning trading assets ²		890.1								729.2								774.4
Unrealized gains on securities available for sale, net		1,871.2								2,102.2								1,791.6

Total assets		$175,769.1								$169,934.0								$165,253.6


LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing deposits:
NOW accounts		$17,011.3			$52.2		1.22	%		$16,853.1			$44.3		1.04	%		$17,519.6			$38.6		0.88	%
Money market accounts		25,797.6			128.6		1.98			26,299.7			125.5		1.89			25,472.9			102.7		1.62
Savings		5,472.9			13.7		0.99			5,865.1			13.6		0.92			6,462.4			14.2		0.88
Consumer time		13,231.5			106.8		3.20			12,419.3			91.7		2.93			12,122.0			81.2		2.69
Other time		9,050.8			82.2		3.60			8,117.1			67.5		3.30			7,177.9			54.2		3.03

Total interest-bearing consumer and commercial deposits		70,564.1			383.5		2.16			69,554.3			342.6		1.95			68,754.8			290.9		1.70
Brokered deposits		13,658.6			142.8		4.09			10,940.4			94.6		3.38			9,580.3			75.9		3.14
Foreign deposits		7,351.3			74.9		3.99			7,028.8			61.5		3.42			6,128.9			43.8		2.82

Total interest-bearing deposits		91,574.0			601.2		2.60			87,523.5			498.7		2.26			84,464.0			410.6		1.95
Funds purchased		4,742.3			47.9		3.95			3,468.1			30.3		3.41			3,467.7			27.0		3.08
Securities sold under agreements to repurchase		6,452.1			58.1		3.53			6,671.1			51.7		3.03			6,380.3			41.0		2.54
Other short-term borrowings		2,800.6			30.7		4.35			2,625.9			24.9		3.76			2,634.1			22.5		3.42
Long-term debt		21,189.9			250.4		4.69			21,929.4			234.5		4.24			21,547.2			218.5		4.07

Total interest-bearing liabilities		126,758.9			988.3		3.09			122,218.0			840.1		2.73			118,493.3			719.6		2.44
Noninterest-bearing deposits		24,693.0								24,521.5								24,309.7
Other liabilities		7,441.6								6,371.6								6,175.0
Shareholders’ equity		16,875.6								16,822.9								16,275.6

Total liabilities and shareholders’ equity		$175,769.1								$169,934.0								$165,253.6


Interest Rate Spread							2.58	%							2.65	%							2.74	%


Net Interest Income - FTE ¹					$1,207.1								$1,175.7								$1,142.4


Net Interest Margin ²							3.12	%							3.14	%							3.18	%


¹		The fully taxable-equivalent (“FTE”) basis adjusts for the tax-favored status of net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources.
²		The net interest margin is calculated by dividing annualized net interest income - FTE by average total earning assets. During the second quarter of 2006, the Company began to segregate certain noninterest earning trading assets that had previously been included with interest earning trading assets. All prior periods presented were restated to reflect this refinement. Management believes this refined method to be more reflective of the interest earning nature of these assets.

Page 8

SunTrust Banks, Inc. and Subsidiaries
CONSOLIDATED DAILY AVERAGE BALANCES,
AVERAGE YIELDS EARNED AND RATES PAID
(Dollars in millions; yields on taxable-equivalent basis) (Unaudited)


	Six Months Ended
	June 30, 2006								June 30, 2005
				Interest								Interest
	Average			Income/		Yields/			Average			Income/		Yields/
	Balances			Expense		Rates			Balances			Expense		Rates
ASSETS
Loans:
Real estate 1-4 family		$32,926.7			$971.5		5.90	%		$24,837.6			$648.3		5.22	%
Real estate construction		11,652.0			422.0		7.30			9,407.9			272.4		5.84
Real estate home equity lines		13,454.1			488.7		7.33			11,855.8			326.5		5.55
Real estate commercial		12,810.8			419.9		6.61			10,883.1			296.6		5.50
Commercial - FTE ¹		33,531.3			999.5		6.01			32,905.9			793.6		4.86
Business credit card		292.6			9.0		6.12			205.4			6.8		6.66
Consumer - direct		4,765.1			160.1		6.78			6,082.2			175.9		5.83
Consumer - indirect		8,468.9			232.2		5.53			8,624.0			229.8		5.37
Nonaccrual and restructured		312.6			7.2		4.67			299.7			5.9		3.97

Total loans		118,214.1			3,710.1		6.33			105,101.6			2,755.8		5.29
Securities available for sale:
Taxable		24,276.5			577.9		4.76			26,502.4			581.5		4.39
Tax-exempt - FTE ¹		925.1			27.1		5.85			847.0			25.5		6.01

Total securities available for sale - FTE ¹		25,201.6			605.0		4.80			27,349.4			607.0		4.44
Funds sold and securities purchased under agreement to resell		1,187.4			27.2		4.55			1,582.4			20.9		2.62
Loans held for sale		10,640.5			341.6		6.42			6,589.1			181.9		5.52
Interest-bearing deposits ²		159.5			2.7		3.46			24.7			0.4		3.06
Interest earning trading assets		1,921.4			56.8		5.96			1,538.5			29.7		3.89

Total earning assets		157,324.5			4,743.4		6.08			142,185.7			3,595.7		5.10
Allowance for loan and lease losses		(1,044.0	)							(1,048.0	)
Cash and due from banks		3,977.4								4,339.2
Premises and equipment		1,889.7								1,855.4
Other assets		14,532.0								13,222.2
Noninterest earning trading assets ²		940.0								781.1
Unrealized gains on securities available for sale, net		1,570.2								1,911.5

Total assets		$179,189.8								$163,247.1


LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing deposits:
NOW accounts		$16,905.1			$127.5		1.52	%		$17,499.8			$72.4		0.83	%
Money market accounts		25,358.4			310.0		2.47			25,122.1			184.8		1.48
Savings		5,225.7			31.2		1.21			6,981.8			29.8		0.86
Consumer time		14,687.5			264.0		3.63			12,222.5			156.3		2.58
Other time		10,182.7			206.5		4.09			6,177.8			89.0		2.91

Total interest-bearing consumer and commercial deposits		72,359.4			939.2		2.62			68,004.0			532.3		1.58
Brokered deposits		16,576.1			391.4		4.70			8,029.8			117.0		2.90
Foreign deposits		9,353.9			219.3		4.66			6,543.2			83.8		2.55

Total interest-bearing deposits		98,289.4			1,549.9		3.18			82,577.0			733.1		1.79
Funds purchased		4,189.8			98.0		4.65			3,667.8			50.4		2.73
Securities sold under agreements to repurchase		7,025.5			147.8		4.18			6,322.4			73.8		2.32
Other short-term borrowings		1,557.8			43.2		5.59			2,612.8			39.4		3.04
Long-term debt		19,420.0			515.1		5.35			21,870.7			427.3		3.94

Total interest-bearing liabilities		130,482.5			2,354.0		3.64			117,050.7			1,324.0		2.28
Noninterest-bearing deposits		23,878.2								24,018.0
Other liabilities		7,650.3								5,980.5
Shareholders’ equity		17,178.8								16,197.9

Total liabilities and shareholders’ equity		$179,189.8								$163,247.1


Interest Rate Spread							2.44	%							2.82	%


Net Interest Income - FTE ¹					$2,389.4								$2,271.7


Net Interest Margin ²							3.06	%							3.22	%


¹		The fully taxable-equivalent (“FTE”) basis adjusts for the tax-favored status of net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources.
²		The net interest margin is calculated by dividing annualized net interest income - FTE by average total earning assets. During the second quarter of 2006, the Company began to segregate certain noninterest earning trading assets that had previously been included with interest earning trading assets. All prior periods presented were restated to reflect this refinement. Management believes this refined method to be more reflective of the interest earning nature of these assets.

Page 9

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


	Three Months Ended									Six Months Ended
	June 30						%			June 30						%
	2006			2005			Change			2006			2005			Change
CREDIT DATA
Allowance for loan and lease losses - beginning		$1,039,247			$1,023,746			1.5	%		$1,028,128			$1,050,024			(2.1)	%
Provision for loan losses		51,759			47,811			8.3			85,162			58,367			45.9
Charge-offs
Commercial		(19,155	)		(19,779	)		(3.2	)		(32,608	)		(36,388	)		(10.4	)
Real estate:
Home equity lines		(5,534	)		(7,344	)		(24.6	)		(11,318	)		(9,626	)		17.6
Construction		(109	)		(1,191	)		(90.8	)		(237	)		(1,988	)		(88.1	)
Residential mortgages		(6,373	)		(1,512	)		321.5			(12,677	)		(7,703	)		64.6
Commercial real estate		(2,346	)		(393	)		496.9			(3,307	)		(1,218	)		171.5
Consumer:
Direct		(5,408	)		(13,684	)		(60.5	)		(11,542	)		(18,256	)		(36.8	)
Indirect		(16,724	)		(21,898	)		(23.6	)		(38,226	)		(55,714	)		(31.4	)

Total charge-offs		(55,649	)		(65,801	)		(15.4	)		(109,915	)		(130,893	)		(16.0	)

Recoveries
Commercial		6,595			9,278			(28.9	)		13,678			19,015			(28.1	)
Real estate:
Home equity lines		1,743			1,457			19.6			3,693			2,256			63.7
Construction		711			312			127.9			765			503			52.1
Residential mortgages		2,123			2,403			(11.7	)		4,392			3,577			22.8
Commercial real estate		595			556			7.0			3,989			894			346.2
Consumer:
Direct		3,014			3,841			(21.5	)		6,608			6,381			3.6
Indirect		11,724			12,570			(6.7	)		25,362			26,049			(2.6	)

Total recoveries		26,505			30,417			(12.9	)		58,487			58,675			(0.3	)

Net charge-offs		(29,144	)		(35,384	)		(17.6	)		(51,428	)		(72,218	)		(28.8	)

Allowance for loan and lease losses - ending		$1,061,862			$1,036,173			2.5			$1,061,862			$1,036,173			2.5

Net charge-offs to average loans (annualized)
Commercial		0.15	%		0.13	%		15.4	%		0.11	%		0.11	%		-	%
Real estate:
Home equity lines		0.11			0.19			(42.1	)		0.11			0.13			(15.4	)
Construction		(0.02	)		0.04			(150.0	)		(0.01	)		0.03			(133.3	)
Residential mortgages		0.05			(0.01	)		600.0			0.05			0.03			66.7
Commercial real estate		0.05			(0.01	)		600.0			(0.01	)		0.01			(200.0	)
Consumer:
Direct		0.23			0.72			(68.1	)		0.21			0.39			(46.2	)
Indirect		0.24			0.42			(42.9	)		0.31			0.69			(55.1	)
Total net charge-offs to total average loans		0.10	%		0.13	%		(23.1)	%		0.09	%		0.14	%		(35.7)	%
Period Ended
Nonaccrual loans
Commercial		$69,184			$116,609			(40.7)	%
Real estate:
Construction		21,743			50,311			(56.8	)
Residential mortgages		136,101			102,201			33.2
Commercial real estate		53,081			36,456			45.6
Consumer loans		18,861			22,441			(16.0	)

Total nonaccrual loans		298,970			328,018			(8.9	)
Restructured loans		28,292			21,236			33.2

Total nonperforming loans		327,262			349,254			(6.3	)
Other real estate owned (OREO)		35,576			25,263			40.8
Other repossessed assets		6,953			5,786			20.2

Total nonperforming assets		$369,791			$380,303			(2.8	)


Total accruing loans past due 90 days or more		$284,938			$271,792			4.8	%


Total nonperforming loans to total loans		0.27	%		0.32	%		(15.6)	%
Total nonperforming assets to total loans plus OREO and other repossessed assets		0.31			0.35			(11.4	)
Allowance to period-end loans		0.88			0.95			(7.4	)
Allowance to nonperforming loans		324.5			296.7			9.4

Page 10

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


	Three Months Ended
	June 30			March 31			%			December 31			September 30			June 30
	2006			2006			Change			2005			2005			2005
CREDIT DATA
Allowance for loan and lease losses - beginning		$1,039,247			$1,028,128			1.1	%		$1,029,855			$1,036,173			$1,023,746
Provision for loan losses		51,759			33,403			55.0			48,126			70,393			47,811
Charge-offs
Commercial		(19,155	)		(13,453	)		42.4			(23,157	)		(52,450	)		(19,779	)
Real estate:
Home equity lines		(5,534	)		(5,784	)		(4.3	)		(7,930	)		(6,992	)		(7,344	)
Construction		(109	)		(128	)		(14.8	)		(3,265	)		(748	)		(1,191	)
Residential mortgages		(6,373	)		(6,304	)		1.1			(5,984	)		(9,106	)		(1,512	)
Commercial real estate		(2,346	)		(961	)		144.1			(1,551	)		(328	)		(393	)
Consumer:
Direct		(5,408	)		(6,134	)		(11.8	)		(9,714	)		(9,229	)		(13,684	)
Indirect		(16,724	)		(21,502	)		(22.2	)		(28,136	)		(25,761	)		(21,898	)

Total charge-offs		(55,649	)		(54,266	)		2.5			(79,737	)		(104,614	)		(65,801	)

Recoveries
Commercial		6,595			7,083			(6.9	)		9,561			7,732			9,278
Real estate:
Home equity lines		1,743			1,950			(10.6	)		1,877			2,030			1,457
Construction		711			54			1,216.7			90			205			312
Residential mortgages		2,123			2,269			(6.4	)		2,409			2,137			2,403
Commercial real estate		595			3,394			(82.5	)		369			1,415			556
Consumer:
Direct		3,014			3,594			(16.1	)		3,559			3,569			3,841
Indirect		11,724			13,638			(14.0	)		12,019			10,815			12,570

Total recoveries		26,505			31,982			(17.1	)		29,884			27,903			30,417

Net charge-offs		(29,144	)		(22,284	)		30.8			(49,853	)		(76,711	)		(35,384	)

Allowance for loan and lease losses - ending		$1,061,862			$1,039,247			2.2			$1,028,128			$1,029,855			$1,036,173


Net charge-offs to average loans (annualized)
Commercial		0.15	%		0.08	%		87.5	%		0.16	%		0.54	%		0.13	%
Real estate:
Home equity lines		0.11			0.12			(8.3	)		0.18			0.16			0.19
Construction		(0.02	)		-			(400.0	)		0.12			0.02			0.04
Residential mortgages		0.05			0.05			-			0.05			0.10			(0.01	)
Commercial real estate		0.05			(0.08	)		162.5			0.04			(0.03	)		(0.01	)
Consumer:
Direct		0.23			0.19			21.1			0.45			0.43			0.72
Indirect		0.24			0.37			(35.1	)		0.72			0.64			0.42
Total net charge-offs to total average loans		0.10	%		0.08	%		25.0	%		0.17	%		0.27	%		0.13	%

Period Ended
Nonaccrual loans
Commercial		$69,184			$52,911			30.8	%		$70,880			$98,291			$116,609
Real estate:
Construction		21,743			28,130			(22.7	)		24,442			33,182			50,311
Residential mortgages		136,101			115,800			17.5			103,317			101,826			102,201
Commercial real estate		53,081			45,626			16.3			44,603			50,546			36,456
Consumer loans		18,861			20,327			(7.2	)		28,732			23,943			22,441

Total nonaccrual loans		298,970			262,794			13.8			271,974			307,788			328,018
Restructured loans		28,292			26,949			5.0			24,399			21,876			21,236

Total nonperforming loans		327,262			289,743			12.9			296,373			329,664			349,254
Other real estate owned (OREO)		35,576			38,920			(8.6	)		30,682			26,013			25,263
Other repossessed assets		6,953			5,652			23.0			7,160			7,060			5,786

Total nonperforming assets		$369,791			$334,315			10.6			$334,215			$362,737			$380,303


Total accruing loans past due 90 days or more		$284,938			$399,462			(28.7)	%		$371,491			$318,694			$271,792


Total nonperforming loans to total loans		0.27	%		0.25	%		8.0	%		0.26	%		0.29	%		0.32	%
Total nonperforming assets to total loans plus OREO and other repossessed assets		0.31			0.28			10.7			0.29			0.32			0.35
Allowance to period-end loans		0.88			0.88			-			0.90			0.92			0.95
Allowance to nonperforming loans		324.5			358.7			(9.5	)		346.9			312.4			296.7

Page 11

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


	Three Months Ended												Six Months Ended
	June 30												June 30
				Mortgage												Mortgage
	Core Deposit			Servicing									Core Deposit			Servicing
	Intangible			Rights			Other			Total			Intangible			Rights			Other			Total
OTHER INTANGIBLE ASSET ROLLFORWARD
Balance, beginning of period		$397,732			$514,193			$161,229			$1,073,154			$424,143			$482,392			$154,916			$1,061,451
Amortization		(24,894	)		(39,162	)		(4,924	)		(68,980	)		(51,305	)		(76,001	)		(9,730	)		(137,036	)
Servicing rights originated		-			90,629			-			90,629			-			159,269			-			159,269
LHP client relationships and noncompete agreements		-			-			-			-			-			-			11,119			11,119

Balance, June 30, 2005		$372,838			$565,660			$156,305			$1,094,803			$372,838			$565,660			$156,305			$1,094,803


Balance, beginning of period		$303,283			$680,837			$139,343			$1,123,463			$324,743			$657,604			$140,620			$1,122,967
Amortization		(21,087	)		(46,359	)		(4,798	)		(72,244	)		(43,632	)		(90,343	)		(9,498	)		(143,473	)
Servicing rights originated		-			116,572			-			116,572			-			243,781			-			243,781
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 mortgage servicing rights		-			(30,676	)		-			(30,676	)		-			(90,668	)		-			(90,668	)
Noncompete agreements		-			-			4,231			4,231			-			-			4,231			4,231

Balance, June 30, 2006		$282,196			$720,374			$138,776			$1,141,346			$282,196			$720,374			$138,776			$1,141,346


	Three Months Ended
	June 30			March 31			December 31			September 30			June 30
	2006			2006			2005			2005			2005
COMMON SHARE ROLLFORWARD
Beginning balance		363,339			361,984			361,248			362,160			361,177
Acquisition and contingent consideration		-			203			-			-			-
Shares issued/exchanged for employee benefit plans, stock option, performance stock and restricted stock activity		790			2,687			736			868			983
Acquisition of treasury stock		-			(1,535	)		-			(1,780	)		-

Ending balance		364,129			363,339			361,984			361,248			362,160


COMMON STOCK REPURCHASE ACTIVITY
Number of common shares repurchased ¹		29			1,564			18			1,927			17
Average price per share of repurchased common shares		$75.73			$70.82			$73.67			$70.63			$73.20
Total cost to acquire treasury shares		$—			$108,622			$—			$124,990			$—
Maximum number of shares that may yet be purchased under plans or programs		10,000			10,000			3,253			3,253			5,033



¹		This figure includes shares repurchased pursuant to SunTrust’s employee stock option plans, pursuant to which participants may pay the exercise price upon exercise of SunTrust stock options by surrendering shares of SunTrust common stock which the participant already owns.

Page 12

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


	Three Months Ended															Six Months Ended
	June 30			March 31			December 31			September 30			June 30			June 30			June 30
	2006			2006			2005			2005			2005			2006			2005
NON-GAAP MEASURES PRESENTED IN THE NEWS RELEASE
Net income		$544,002			$531,527			$518,471			$510,774			$465,700			$1,075,529			$957,994
Securities (gains)/losses, net of tax		(3,632	)		(64	)		(372	)		1,283			17			(3,696	)		3,525

Net income excluding securities gains and losses		540,370			531,463			518,099			512,057			465,717			1,071,833			961,519
The Coca-Cola Company dividend, net of tax		(13,316	)		(13,317	)		(12,027	)		(12,028	)		(12,027	)		(26,633	)		(24,056	)

Net income excluding securities (gains)/losses and The Coca-Cola Company dividend		$527,054			$518,146			$506,072			$500,029			$453,690			$1,045,200			$937,463

Total average assets		$180,744,146			$177,618,283			$175,769,140			$169,933,960			$165,253,589			$179,189,849			$163,247,052
Average net unrealized securities gains		(1,528,041	)		(1,612,808	)		(1,871,230	)		(2,102,257	)		(1,791,566	)		(1,570,190	)		(1,911,510	)

Average assets less net unrealized securities gains		$179,216,105			$176,005,475			$173,897,910			$167,831,703			$163,462,023			$177,619,659			$161,335,542

Total average equity		$17,304,451			$17,051,805			$16,875,645			$16,822,919			$16,275,567			$17,178,826			$16,197,929
Average accumulated other comprehensive income		(915,885	)		(963,683	)		(1,126,701	)		(1,331,103	)		(1,139,477	)		(939,652	)		(1,211,975	)

Total average realized equity		$16,388,566			$16,088,122			$15,748,944			$15,491,816			$15,136,090			$16,239,174			$14,985,954

Return on average total assets		1.21	%		1.21	%		1.17	%		1.19	%		1.13	%		1.21	%		1.18	%
Impact of excluding net realized and unrealized securities gains/losses and The Coca-Cola Company dividend		(0.03	)		(0.02	)		(0.02	)		(0.01	)		(0.02	)		(0.02	)		(0.01	)

Return on average total assets less net unrealized securities gains ¹		1.18	%		1.19	%		1.15	%		1.18	%		1.11	%		1.19	%		1.17	%

Return on average total shareholders’ equity		12.61	%		12.64	%		12.19	%		12.05	%		11.48	%		12.63	%		11.93	%
Impact of excluding net realized and unrealized securities gains/losses and The Coca-Cola Company dividend		0.29			0.42			0.56			0.76			0.54			0.35			0.68

Return on average realized shareholders’ equity ²		12.90	%		13.06	%		12.75	%		12.81	%		12.02	%		12.98	%		12.61	%

Efficiency ratio ³		58.78	%		59.80	%		60.20	%		58.62	%		61.30	%		59.29	%		60.76	%
Impact of excluding amortization of intangible assets		(1.25	)		(1.33	)		(1.41	)		(1.49	)		(1.56	)		(1.29	)		(1.61	)

Tangible efficiency ratio ⁴		57.53	%		58.47	%		58.79	%		57.13	%		59.74	%		58.00	%		59.15	%

Total shareholders’ equity		$17,423,920			$17,157,448			$16,887,395			$16,717,750			$16,646,196
Goodwill		(6,900,222	)		(6,897,105	)		(6,835,168	)		(6,841,631	)		(6,873,111	)
Other intangible assets including mortgage servicing rights (“MSRs”)		(1,141,346	)		(1,123,463	)		(1,122,967	)		(1,112,873	)		(1,094,803	)
Mortgage servicing rights		720,374			680,837			657,604			613,467			565,660

Tangible equity		$10,102,726			$9,817,717			$9,586,864			$9,376,713			$9,243,942

Total assets		$181,143,444			$178,876,476			$179,712,841			$172,416,096			$168,952,575
Goodwill		(6,900,222	)		(6,897,105	)		(6,835,168	)		(6,841,631	)		(6,873,111	)
Other intangible assets including MSRs		(1,141,346	)		(1,123,463	)		(1,122,967	)		(1,112,873	)		(1,094,803	)
Mortgage servicing rights		720,374			680,837			657,604			613,467			565,660

Tangible assets		$173,822,250			$171,536,745			$172,412,310			$165,075,059			$161,550,321

Tangible equity to tangible assets ⁵		5.81	%		5.72	%		5.56	%		5.68	%		5.72	%
Noninterest income		$875,369			$851,506			$797,923			$832,398			$770,909			$1,726,875			$1,524,723
Securities (gains)/losses, net		(5,858	)		(104	)		(600	)		2,069			27			(5,962	)		5,686
Gain on sale of RCM assets, net of related expenses		-			-			-			(3,508	)		-			-			(19,874	)

Total noninterest income excluding securities (gains)/losses and net gain on sale of RCM assets ⁶		$869,511			$851,402			$797,323			$830,959			$770,936			$1,720,913			$1,510,535

Net interest income		$1,168,743			$1,179,041			$1,187,036			$1,156,661			$1,123,709			$2,347,784			$2,235,269
Taxable-equivalent adjustment		21,283			20,338			20,025			19,081			18,720			41,621			36,386

Net interest income - FTE		1,190,026			1,199,379			1,207,061			1,175,742			1,142,429			2,389,405			2,271,655
Noninterest income		875,369			851,506			797,923			832,398			770,909			1,726,875			1,524,723

Total revenue - FTE		2,065,395			2,050,885			2,004,984			2,008,140			1,913,338			4,116,280			3,796,378
Securities (gains)/losses, net		(5,858	)		(104	)		(600	)		2,069			27			(5,962	)		5,686
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		$2,059,537			$2,050,781			$2,004,384			$2,006,701			$1,913,365			$4,110,318			$3,782,190



	Three Months Ended
	June 30		March 31		%			Sequential			June 30		June 30		%
	2006		2006		Change			Annualized % ⁷			2006		2005		Change
AVERAGE LOW COST CONSUMER AND COMMERCIAL DEPOSIT RECONCILEMENT
Noninterest-bearing deposits		$23,857,990		$23,898,646		(0.2	)%		(0.7	)%		$23,857,990		$24,309,721		(1.9	)%
NOW accounts		16,811,236		16,999,971		(1.1	)		(4.4	)		16,811,236		17,519,608		(4.0	)
Savings		5,160,986		5,291,229		(2.5	)		(9.8	)		5,160,986		6,462,425		(20.1	)

Total average low cost consumer and commercial deposits		$45,830,212		$46,189,846		(0.8	)%		(3.1	)%		$45,830,212		$48,291,754		(5.1	)%



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 net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources.
⁴		SunTrust presents a tangible efficiency ratio which excludes the 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 percentage change by 4 to calculate sequential annualized change.

Page 13

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


	Three Months Ended															Six Months Ended
	June 30			March 31			December 31			September 30			June 30			June 30			June 30
	2006			2006			2005			2005			2005			2006			2005

SELECTED NON-GAAP MEASURES PRESENTED IN THE NEWS RELEASE ¹
Net income		$544,002			$531,527			$518,471			$510,774			$465,700			$1,075,529			$957,994
Merger expense, net of tax		-			-			4,053			7,505			33,642			-			49,600

Net income excluding merger expense		544,002			531,527			522,524			518,279			499,342			1,075,529			1,007,594
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		$544,002			$531,527			$522,524			$516,104			$499,342			$1,075,529			$995,272


Net income per diluted share		$1.49			$1.46			$1.43			$1.40			$1.28			$2.96			$2.64
Impact of excluding merger expense		-			-			0.01			0.02			0.09			-			0.13

Net income per diluted share excluding merger expense		1.49			1.46			1.44			1.42			1.37			2.96			2.77
Impact of net gain on sale of RCM assets		-			-			-			-			-			-			(0.03	)

Net income per diluted share excluding merger expense and net gain on sale of RCM assets		$1.49			$1.46			$1.44			$1.42			$1.37			$2.96			$2.74


Total revenue - FTE		$2,065,395			$2,050,885			$2,004,984			$2,008,140			$1,913,338			$4,116,280			$3,796,378
Securities (gains)/losses, net		(5,858	)		(104	)		(600	)		2,069			27			(5,962	)		5,686
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		$2,059,537			$2,050,781			$2,004,384			$2,006,701			$1,913,365			$4,110,318			$3,782,190


Noninterest income		$875,369			$851,506			$797,923			$832,398			$770,909			$1,726,875			$1,524,723
Net gain on sale of RCM assets		-			-			-			(3,508	)		-			-			(19,874	)

Noninterest income excluding net gain on sale of RCM assets		$875,369			$851,506			$797,923			$828,890			$770,909			$1,726,875			$1,504,849


Noninterest expense		$1,214,093			$1,226,491			$1,206,927			$1,177,071			$1,172,825			$2,440,584			$2,306,731
Merger expense		-			-			(6,538	)		(12,104	)		(54,262	)		-			(80,000	)

Noninterest expense excluding merger expense		$1,214,093			$1,226,491			$1,200,389			$1,164,967			$1,118,563			$2,440,584			$2,226,731

Noninterest expense		$1,214,093			$1,226,491			$1,206,927			$1,177,071			$1,172,825			$2,440,584			$2,306,731
Amortization of intangible assets		(25,885	)		(27,245	)		(28,192	)		(29,737	)		(29,818	)		(53,130	)		(61,035	)

Noninterest expense excluding amortization of intangible assets		$1,188,208			$1,199,246			$1,178,735			$1,147,334			$1,143,007			$2,387,454			$2,245,696

Return on average total assets		1.21	%		1.21	%		1.17	%		1.19	%		1.13	%		1.21	%		1.18	%
Impact of excluding merger expense		-			-			0.01			0.02			0.08			-			0.06

Return on average total assets excluding merger expense ²		1.21	%		1.21	%		1.18	%		1.21	%		1.21	%		1.21	%		1.24	%

Return on average total shareholders’ equity		12.61	%		12.64	%		12.19	%		12.05	%		11.48	%		12.63	%		11.93	%
Impact of excluding merger expense		-			-			0.09			0.17			0.83			-			0.61

Return on average total shareholders’ equity excluding merger expense ³		12.61	%		12.64	%		12.28	%		12.22	%		12.31	%		12.63	%		12.54	%

Efficiency ratio ⁴		58.78	%		59.80	%		60.20	%		58.62	%		61.30	%		59.29	%		60.76	%
Impact of excluding merger expense		-			-			(0.33	)		(0.61	)		(2.84	)		-			(2.11	)

Efficiency ratio excluding merger expense		58.78			59.80			59.87			58.01			58.46			59.29			58.65
Impact of net gain on sale of RCM assets		-			-			-			0.10			-			-			0.31

Efficiency ratio excluding merger expense and net gain on sale of RCM assets		58.78	%		59.80	%		59.87	%		58.11	%		58.46	%		59.29	%		58.96	%


Tangible efficiency ratio ⁵		57.53	%		58.47	%		58.79	%		57.13	%		59.74	%		58.00	%		59.15	%
Impact of excluding merger expense		-			-			(0.33	)		(0.60	)		(2.84	)		-			(2.11	)

Tangible efficiency ratio excluding merger expense		57.53			58.47			58.46			56.53			56.90			58.00			57.04
Impact of net gain on sale of RCM assets		-			-			-			0.17			-			-			0.31

Tangible efficiency ratio excluding merger expense and net gain on sale of RCM assets		57.53	%		58.47	%		58.46	%		56.70	%		56.90	%		58.00	%		57.35	%



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 net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources.
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.

Page 14

SunTrust Banks, Inc. and Subsidiaries
QUARTER-TO-QUARTER COMPARISON - ACTUAL
APPENDIX B TO THE NEWS RELEASE (UNAUDITED)



	Three Months Ended
													Sequential
	June 30			March 31			Increase/(Decrease)						Annualized³			June 30			June 30			Increase/(Decrease)
	2006			2006			Amount			%			%			2006			2005			Amount			%
STATEMENTS OF INCOME (Dollars in thousands)

NET INTEREST INCOME		$1,168,743			$1,179,041			($10,298	)		(0.9	)%		(3.5	)%		$1,168,743			$1,123,709			$45,034			4.0	%
Provision for loan losses		51,759			33,403			18,356			55.0		NM				51,759			47,811			3,948			8.3

NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES		1,116,984			1,145,638			(28,654	)		(2.5	)		(10.0	)		1,116,984			1,075,898			41,086			3.8


NONINTEREST INCOME
Service charges on deposit accounts		191,645			186,185			5,460			2.9			11.7			191,645			193,276			(1,631	)		(0.8	)
Trust and investment management income		175,811			168,089			7,722			4.6			18.4			175,811			167,503			8,308			5.0
Retail investment services		58,441			54,989			3,452			6.3			25.1			58,441			52,624			5,817			11.1
Other charges and fees		113,948			112,382			1,566			1.4			5.6			113,948			112,258			1,690			1.5
Investment banking income		60,481			51,815			8,666			16.7			66.9			60,481			53,706			6,775			12.6
Trading account profits and commissions		46,182			36,875			9,307			25.2		NM				46,182			31,819			14,363			45.1
Card fees		61,941			56,603			5,338			9.4			37.7			61,941			52,011			9,930			19.1
Mortgage production related income		56,579			63,037			(6,458	)		(10.2	)		(41.0	)		56,579			26,238			30,341		NM
Mortgage servicing related income		31,401			44,710			(13,309	)		(29.8	)	NM				31,401			10,885			20,516		NM
Other noninterest income		73,082			76,717			(3,635	)		(4.7	)		(19.0	)		73,082			70,616			2,466			3.5

Noninterest income before securities gains/(losses) ¹		869,511			851,402			18,109			2.1			8.5			869,511			770,936			98,575			12.8
Securities gains/(losses), net		5,858			104			5,754		NM			NM				5,858			(27	)		5,885		NM

Total noninterest income		875,369			851,506			23,863			2.8			11.2			875,369			770,909			104,460			13.6


NONINTEREST EXPENSE
Employee compensation and benefits		689,073			704,965			(15,892	)		(2.3	)		(9.0	)		689,073			623,284			65,789			10.6
Net occupancy expense		81,710			81,044			666			0.8			3.3			81,710			73,483			8,227			11.2
Outside processing and software		98,447			94,892			3,555			3.7			15.0			98,447			89,282			9,165			10.3
Equipment expense		48,107			49,448			(1,341	)		(2.7	)		(10.8	)		48,107			51,579			(3,472	)		(6.7	)
Marketing and customer development		49,378			42,646			6,732			15.8			63.1			49,378			36,298			13,080			36.0
Other noninterest expense		221,493			226,251			(4,758	)		(2.1	)		(8.4	)		221,493			214,819			6,674			3.1

Noninterest expense before amortization of intangible assets and merger expense ²		1,188,208			1,199,246			(11,038	)		(0.9	)		(3.7	)		1,188,208			1,088,745			99,463			9.1
Amortization of intangible assets		25,885			27,245			(1,360	)		(5.0	)		(20.0	)		25,885			29,818			(3,933	)		(13.2	)
Merger expense		-			-			-			-			-			-			54,262			(54,262	)		(100.0	)

Total noninterest expense		1,214,093			1,226,491			(12,398	)		(1.0	)		(4.0	)		1,214,093			1,172,825			41,268			3.5


INCOME BEFORE INCOME TAXES		778,260			770,653			7,607			1.0			3.9			778,260			673,982			104,278			15.5
Provision for income taxes		234,258			239,126			(4,868	)		(2.0	)		(8.1	)		234,258			208,282			25,976			12.5

NET INCOME		544,002			531,527			12,475			2.3			9.4			544,002			465,700			78,302			16.8
Merger expense, net of tax		-			-			-			-			-			-			33,642			(33,642	)		(100.0	)

NET INCOME EXCLUDING MERGER EXPENSE ¹		$544,002			$531,527			$12,475			2.3	%		9.4	%		$544,002			$499,342			$44,660			8.9	%


REVENUE (Dollars in thousands)
Net interest income		$1,168,743			$1,179,041			($10,298	)		(0.9	)%		(3.5	)%		$1,168,743			$1,123,709			$45,034			4.0	%
Taxable-equivalent adjustment		21,283			20,338			945			4.6			18.6			21,283			18,720			2,563			13.7

Net interest income - FTE		1,190,026			1,199,379			(9,353	)		(0.8	)		(3.1	)		1,190,026			1,142,429			47,597			4.2
Noninterest income		875,369			851,506			23,863			2.8			11.2			875,369			770,909			104,460			13.6

Total revenue - FTE		2,065,395			2,050,885			14,510			0.7			2.8			2,065,395			1,913,338			152,057			7.9
Securities (gains)/losses, net		(5,858	)		(104	)		(5,754	)	NM			NM				(5,858	)		27			(5,885	)	NM

Total revenue - FTE excluding securities gains/losses		$2,059,537			$2,050,781			$8,756			0.4	%		1.7	%		$2,059,537			$1,913,365			$146,172			7.6	%


SELECTED AVERAGE BALANCES (Dollars in millions)

Average loans
Commercial - FTE		$33,993			$33,065			$928			2.8	%		11.2	%		$33,993			$32,393			$1,600			4.9	%
Real estate home equity lines		13,517			13,390			127			0.9			3.8			13,517			12,135			1,382			11.4
Real estate construction		12,181			11,118			1,063			9.6			38.2			12,181			9,197			2,984			32.4
Real estate 1-4 family		34,348			31,490			2,858			9.1			36.3			34,348			26,224			8,124			31.0
Real estate commercial		12,841			12,780			61			0.5			1.9			12,841			12,215			626			5.1
Business credit card		307			278			29			10.4			41.7			307			213			94			44.1
Consumer - direct		4,251			5,285			(1,034	)		(19.6	)		(78.3	)		4,251			5,405			(1,154	)		(21.4	)
Consumer - indirect		8,386			8,553			(167	)		(2.0	)		(7.8	)		8,386			8,861			(475	)		(5.4	)
Nonaccrual and restructured		321			304			17			5.6			22.4			321			324			(3	)		(0.9	)

Total loans		$120,145			$116,263			$3,882			3.3	%		13.4	%		$120,145			$106,967			$13,178			12.3	%


Average deposits
Noninterest bearing deposits		$23,858			$23,899			($41	)		(0.2	)%		(0.7	)%		$23,858			$24,310			($452	)		(1.9	)%
NOW accounts		16,811			17,000			(189	)		(1.1	)		(4.4	)		16,811			17,520			(709	)		(4.0	)
Money market accounts		25,091			25,628			(537	)		(2.1	)		(8.4	)		25,091			25,473			(382	)		(1.5	)
Savings		5,161			5,291			(130	)		(2.5	)		(9.8	)		5,161			6,462			(1,301	)		(20.1	)
Consumer and other time		26,251			23,474			2,777			11.8			47.3			26,251			19,300			6,951			36.0

Total consumer and commercial deposits		97,172			95,292			1,880			2.0			7.9			97,172			93,065			4,107			4.4
Brokered and foreign deposits		27,194			24,652			2,542			10.3			41.1			27,194			15,709			11,485			73.1

Total deposits		$124,366			$119,944			$4,422			3.7	%		14.7	%		$124,366			$108,774			$15,592			14.3	%


SELECTED CREDIT DATA (Dollars in thousands)

Nonaccrual loans		$298,970			$262,794			$36,176			13.8	%		55.1	%		$298,970			$328,018			($29,048	)		(8.9	)%
Restructured loans		28,292			26,949			1,343			5.0			19.9			28,292			21,236			7,056			33.2

Total nonperforming loans		327,262			289,743			37,519			12.9			51.8			327,262			349,254			(21,992	)		(6.3	)
Other real estate owned (OREO)		35,576			38,920			(3,344	)		(8.6	)		(34.4	)		35,576			25,263			10,313			40.8
Other repossessed assets		6,953			5,652			1,301			23.0			92.1			6,953			5,786			1,167			20.2

Total nonperforming assets		369,791			334,315			$35,476			10.6	%		42.4	%		$369,791			$380,303			($10,512	)		(2.8	)%

Allowance for loan and lease losses		$1,061,862			$1,039,247			$22,615			2.2	%		8.7	%		$1,061,862			$1,036,173			$25,689			2.5	%



¹		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). 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.
²		The Company presents noninterest expense before 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.
³		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.

Page 15

SunTrust Banks, Inc. and Subsidiaries
YEAR-TO-DATE COMPARISON - ACTUAL
APPENDIX B TO THE NEWS RELEASE, continued (UNAUDITED)


	Six Months Ended
	June 30			June 30			Increase/(Decrease)
	2006			2005			Amount			% ¹
STATEMENTS OF INCOME (Dollars in thousands)
NET INTEREST INCOME		$2,347,784			$2,235,269			$112,515			5.0	%
Provision for loan losses		85,162			58,367			26,795			45.9

NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES		2,262,622			2,176,902			85,720			3.9

NONINTEREST INCOME
Service charges on deposit accounts		377,830			377,379			451			0.1
Trust and investment management income		343,900			332,018			11,882			3.6
Retail investment services		113,430			107,767			5,663			5.3
Other charges and fees		226,330			223,633			2,697			1.2
Investment banking income		112,296			103,713			8,583			8.3
Trading account profits and commissions		83,057			75,865			7,192			9.5
Card fees		118,544			100,167			18,377			18.3
Mortgage production related income		119,616			44,235			75,381		NM
Mortgage servicing related income		76,111			23,095			53,016		NM
Other noninterest income		149,799			122,663			27,136			22.1

Noninterest income before securities gains/(losses) and net gain on sale of RCM assets ²		1,720,913			1,510,535			210,378			13.9
Gain on sale of RCM assets, net of related expenses		-			19,874			(19,874	)		(100.0	)

Noninterest income before securities gains/(losses) ²		1,720,913			1,530,409			190,504			12.4
Securities gains/(losses), net		5,962			(5,686	)		11,648		NM

Total noninterest income		1,726,875			1,524,723			202,152			13.3


NONINTEREST EXPENSE
Employee compensation and benefits		1,394,038			1,258,077			135,961			10.8
Net occupancy expense		162,754			149,334			13,420			9.0
Outside processing and software		193,339			172,130			21,209			12.3
Equipment expense		97,555			104,461			(6,906	)		(6.6	)
Marketing and customer development		92,024			67,927			24,097			35.5
Other noninterest expense		447,744			413,767			33,977			8.2

Noninterest expense before amortization of intangible assets and merger expense ³		2,387,454			2,165,696			221,758			10.2
Amortization of intangible assets		53,130			61,035			(7,905	)		(13.0	)
Merger expense		-			80,000			(80,000	)		(100.0	)

Total noninterest expense		2,440,584			2,306,731			133,853			5.8

INCOME BEFORE INCOME TAXES		1,548,913			1,394,894			154,019			11.0
Provision for income taxes		473,384			436,900			36,484			8.4

NET INCOME		1,075,529			957,994			117,535			12.3
Merger expense, net of tax		-			49,600			(49,600	)		(100.0	)

NET INCOME EXCLUDING MERGER EXPENSE ²		1,075,529			1,007,594			67,935			6.7
Net gain on sale of RCM assets, net of tax		-			(12,322	)		12,322			(100.0	)

NET INCOME EXCLUDING MERGER EXPENSE AND NET GAIN ON SALE OF RCM ASSETS ²		$1,075,529			$995,272			$80,257			8.1	%


REVENUE (Dollars in thousands)
Net interest income		$2,347,784			$2,235,269			$112,515			5.0	%
Taxable-equivalent adjustment		41,621			36,386			5,235			14.4

Net interest income - FTE		2,389,405			2,271,655			117,750			5.2
Noninterest income		1,726,875			1,524,723			202,152			13.3

Total revenue - FTE		4,116,280			3,796,378			319,902			8.4
Securities (gains)/losses, net		(5,962	)		5,686			(11,648	)	NM
Net gain on sale of RCM assets		-			(19,874	)		19,874			(100.0	)

Total revenue - FTE excluding securities gains/losses and net gain on sale of RCM assets		$4,110,318			$3,782,190			$328,128			8.7	%


SELECTED AVERAGE BALANCES (Dollars in millions)

Average loans
Commercial - FTE		$33,531			$32,906			$625			1.9	%
Real estate home equity lines		13,454			11,856			1,598			13.5
Real estate construction		11,652			9,408			2,244			23.9
Real estate 1-4 family		32,927			24,838			8,089			32.6
Real estate commercial		12,811			10,883			1,928			17.7
Business credit card		293			205			88			42.9
Consumer - direct		4,765			6,082			(1,317	)		(21.7	)
Consumer - indirect		8,469			8,624			(155	)		(1.8	)
Nonaccrual and restructured		312			300			12			4.0

Total loans		$118,214			$105,102			$13,112			12.5	%


Average deposits
Noninterest bearing deposits		$23,878			$24,018			($140	)		(0.6)	%
NOW accounts		16,905			17,500			(595	)		(3.4	)
Money market accounts		25,358			25,122			236			0.9
Savings		5,226			6,982			(1,756	)		(25.2	)
Consumer and other time		24,870			18,400			6,470			35.2

Total consumer and commercial deposits		96,237			92,022			4,215			4.6
Brokered and foreign deposits		25,930			14,573			11,357			77.9

Total deposits		$122,167			$106,595			$15,572			14.6	%


¹		Any change over 100 percent is labeled as “NM”. Those changes over 100 percent were not considered to be meaningful.
²		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). 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.
³		The Company presents noninterest expense before 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.

Page 16

Preliminary Data

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


	Three Months Ended									Six Months Ended
	June 30			June 30			%			June 30			June 30			%
	2006			2005			Change			2006			2005			Change

Statement of Income

Net interest income		$605,471			$537,370			12.7	%		$1,198,905			$1,059,563			13.2	%
FTE adjustment		21			21			0.0			42			36			16.7

Net interest income - FTE		605,492			537,391			12.7			1,198,947			1,059,599			13.2
Provision for loan losses¹		18,871			29,640			(36.3	)		38,589			62,237			(38.0	)

Net interest income after provision for loan losses - FTE		586,621			507,751			15.5			1,160,358			997,362			16.3


Noninterest income before securities gains/(losses)		267,671			257,859			3.8			526,179			496,187			6.0
Securities gains/(losses), net		-			(6	)		(100.0	)		-			(6	)		(100.0	)

Total noninterest income		267,671			257,853			3.8			526,179			496,181			6.0


Noninterest expense before amortization of intangible assets		519,935			475,604			9.3			1,026,635			947,416			8.4
Amortization of intangible assets		21,075			24,887			(15.3	)		43,608			51,305			(15.0	)

Total noninterest expense		541,010			500,491			8.1			1,070,243			998,721			7.2


Income before provision for income taxes		313,282			265,113			18.2			616,294			494,822			24.5
Provision for income taxes		114,481			99,187			15.4			225,939			185,180			22.0
FTE adjustment		21			21			0.0			42			36			16.7

Net income		$198,780			$165,905			19.8			$390,313			$309,606			26.1


Total revenue - FTE		$873,163			$795,244			9.8			$1,725,126			$1,555,780			10.9

Average Balance Sheet

Total loans		$30,438,805			$29,984,887			1.5			$30,840,411			$29,754,384			3.6
Goodwill		4,897,367			4,891,677			0.1			4,884,959			4,882,972			0.0
Other intangible assets excluding MSR’s		291,277			384,792			(24.3	)		302,220			397,395			(23.9	)
Total assets		37,937,485			36,360,534			4.3			38,220,942			36,080,012			5.9
Total deposits		69,539,916			65,046,616			6.9			68,384,515			64,310,183			6.3

Shareholders’ equity is not allocated at this time²

Performance Ratios

Efficiency ratio		61.96	%		62.94	%					62.04	%		64.19	%
Impact of excluding cost of intangible assets		(6.01	)		(7.42	)					(6.15	)		(7.80	)

Tangible efficiency ratio		55.95	%		55.52	%					55.89	%		56.39	%


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.

Page 17

Preliminary Data

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


	Three Months Ended									Six Months Ended
	June 30			June 30			%			June 30			June 30			%
	2006			2005			Change			2006			2005			Change

Statement of Income

Net interest income		$228,136			$214,806			6.2	%		$450,846			$416,119			8.3	%
FTE adjustment		10,082			9,477			6.4			20,155			18,455			9.2

Net interest income - FTE		238,218			224,283			6.2			471,001			434,574			8.4
Provision for loan losses¹		6,656			3,213			107.2			5,559			2,823			96.9

Net interest income after provision for loan losses - FTE		231,562			221,070			4.7			465,442			431,751			7.8


Noninterest income before securities gains/(losses)		68,204			61,233			11.4			136,712			118,343			15.5
Securities gains/(losses), net		-			-			-			-			-			0.0

Total noninterest income		68,204			61,233			11.4			136,712			118,343			15.5


Noninterest expense before amortization of intangible assets		158,554			146,786			8.0			317,709			292,167			8.7
Amortization of intangible assets		-			-			-			-			-			0.0

Total noninterest expense		158,554			146,786			8.0			317,709			292,167			8.7


Income before provision for income taxes		141,212			135,517			4.2			284,445			257,927			10.3
Provision for income taxes		22,238			25,671			(13.4	)		48,075			47,846			0.5
FTE adjustment		10,082			9,477			6.4			20,155			18,455			9.2

Net income		$108,892			$100,369			8.5			$216,215			$191,626			12.8


Total revenue - FTE		$306,422			$285,516			7.3			$607,713			$552,917			9.9

Average Balance Sheet

Total loans		$32,737,610			$31,117,570			5.2			$32,126,393			$30,536,795			5.2
Goodwill		1,264,845			1,264,808			0.0			1,263,115			1,264,801			(0.1	)
Other intangible assets excluding MSR’s		-			-			-			-			-			0.0
Total assets		35,158,665			33,330,340			5.5			34,523,333			32,710,359			5.5
Total deposits		13,627,171			13,372,341			1.9			13,666,091			13,314,671			2.6

Shareholders’ equity is not allocated at this time²

Performance Ratios

Efficiency ratio		51.74	%		51.41	%					52.28	%		52.84	%
Impact of excluding cost of intangible assets		(2.21	)		(2.52	)					(2.24	)		(2.70	)

Tangible efficiency ratio		49.53	%		48.89	%					50.04	%		50.14	%


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.

Page 18

Preliminary Data

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


	Three Months Ended									Six Months Ended
	June 30			June 30			%			June 30			June 30			%
	2006			2005			Change			2006			2005			Change

Statement of Income

Net interest income		$50,597			$59,596			(15.1	)%		$112,450			$114,819			(2.1	)%
FTE adjustment		7,389			5,421			36.3			13,887			10,260			35.4

Net interest income - FTE		57,986			65,017			(10.8	)		126,337			125,079			1.0
Provision for loan losses¹		(435	)		(14	)		NM			(830	)		(722	)		15.0

Net interest income after provision for loan losses - FTE		58,421			65,031			(10.2	)		127,167			125,801			1.1


Noninterest income before securities gains/(losses)		160,841			152,855			5.2			317,864			329,486			(3.5	)
Securities gains/(losses), net		-			180			(100.0	)		-			296			(100.0	)

Total noninterest income		160,841			153,035			5.1			317,864			329,782			(3.6	)


Noninterest expense before amortization of intangible assets		108,411			107,837			0.5			230,774			226,462			1.9
Amortization of intangible assets		122			122			-			244			277			(11.9	)

Total noninterest expense		108,533			107,959			0.5			231,018			226,739			1.9


Income before provision for income taxes		110,729			110,107			0.6			214,013			228,844			(6.5	)
Provision for income taxes		34,496			36,484			(5.4	)		66,521			76,333			(12.9	)
FTE adjustment		7,389			5,421			36.3			13,887			10,260			35.4

Net income		$68,844			$68,202			0.9			$133,605			$142,251			(6.1	)


Total revenue - FTE		$218,827			$218,052			0.4			$444,201			$454,861			(2.3	)

Average Balance Sheet

Total loans		$16,487,027			$14,864,495			10.9			$16,297,663			$14,407,884			13.1
Goodwill		147,666			147,654			-			147,569			147,655			(0.1	)
Other intangible assets excluding MSR’s		1,647			3,185			(48.3	)		2,224			3,542			(37.2	)
Total assets		23,842,529			20,484,858			16.4			23,605,495			20,053,937			17.7
Total deposits		3,013,309			3,270,068			(7.9	)		3,351,363			3,202,172			4.7

Shareholders’ equity is not allocated at this time²

Performance Ratios

Efficiency ratio		49.60	%		49.51	%					52.01	%		49.85	%
Impact of excluding cost of intangible assets		(0.42	)		(0.45	)					(0.43	)		(0.45	)

Tangible efficiency ratio		49.18	%		49.06	%					51.58	%		49.40	%


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.

Page 19

Preliminary Data

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


	Three Months Ended									Six Months Ended
	June 30			June 30			%			June 30			June 30			%
	2006			2005			Change			2006			2005			Change

Statement of Income

Net interest income		$149,529			$130,989			14.2	%		$297,961			$256,428			16.2	%
FTE adjustment		-			-			-			-			-			-

Net interest income - FTE		149,529			130,989			14.2			297,961			256,428			16.2
Provision for loan losses¹		2,128			2,828			(24.8	)		5,000			3,882			28.8

Net interest income after provision for loan losses - FTE		147,401			128,161			15.0			292,961			252,546			16.0


Noninterest income before securities gains/(losses)		100,322			50,817			97.4			220,669			94,954			132.4
Securities gains/(losses), net		-			386			(100.0	)		-			1,076			(100.0	)

Total noninterest income		100,322			51,203			95.9			220,669			96,030			129.8


Noninterest expense before amortization of intangible assets		151,028			124,202			21.6			293,476			235,578			24.6
Amortization of intangible assets		763			867			(12.0	)		1,527			1,734			(11.9	)

Total noninterest expense		151,791			125,069			21.4			295,003			237,312			24.3


Income before provision for income taxes		95,932			54,295			76.7			218,627			111,264			96.5
Provision for income taxes		32,991			18,007			83.2			76,215			37,153			105.1
FTE adjustment		-			-			-			-			-			-

Net income		$62,941			$36,288			73.4			$142,412			$74,111			92.2


Total revenue - FTE		$249,851			$182,192			37.1			$518,630			$352,458			47.1

Average Balance Sheet

Total loans		$32,000,957			$22,994,636			39.2			$30,471,234			$22,488,897			35.5
Goodwill		275,705			248,676			10.9			263,015			247,037			6.5
Other intangible assets excluding MSR’s		6,562			9,873			(33.5	)		6,942			10,304			(32.6	)
Total assets		41,085,071			30,434,503			35.0			40,332,396			29,747,977			35.6
Total deposits		1,843,188			1,595,510			15.5			1,644,671			1,447,762			13.6

Shareholders’ equity is not allocated at this time²

Performance Ratios

Efficiency ratio		60.75	%		68.65	%					56.88	%		67.33	%
Impact of excluding cost of intangible assets		(1.03	)		(1.59	)					(0.92	)		(1.62	)

Tangible efficiency ratio		59.72	%		67.06	%					55.96	%		65.71	%


Other Information

Production Data
Channel mix
Retail		$6,571,921			$5,730,091			14.7			$11,747,315			$9,836,159			19.4
Wholesale		4,971,300			3,094,941			60.6			9,208,907			5,546,064			66.0
Correspondent		3,486,658			2,377,585			46.6			5,624,910			4,471,979			25.8

Total production		$15,029,879			$11,202,617			34.2			$26,581,132			$19,854,202			33.9


Channel mix - percent
Retail		44	%		51	%					44	%		50	%
Wholesale		33			28						35			28
Correspondent		23			21						21			22

Total production		100	%		100	%					100	%		100	%


Puchase and refinance mix
Refinance		$5,087,567			$3,837,717			32.6			$9,424,773			$7,624,608			23.6
Purchase		9,942,312			7,364,900			35.0			17,156,359			12,229,594			40.3

Total production		$15,029,879			$11,202,617			34.2			$26,581,132			$19,854,202			33.9


Puchase and refinance mix - percent
Refinance		34	%		34	%					35	%		38	%
Purchase		66			66						65			62

Total production		100	%		100	%					100	%		100	%


Applications		$22,169,211			$19,466,891			13.9			$42,366,894			$33,277,654			27.3

Mortgage Servicing Data (End of Period)
Total loans serviced		$121,436,424			$89,102,783			36.3
Total loans serviced for others		80,511,802			60,436,396			33.2
Net carrying value of MSR’s		720,263			565,493			27.4
Ratio of net carrying value of MSR’s to total loans serviced for others		0.895	%		0.936	%


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.

Page 20

Preliminary Data

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


	Three Months Ended									Six Months Ended
	June 30			June 30			%			June 30			June 30			%
	2006			2005			Change			2006			2005			Change

Statement of Income

Net interest income		$92,039			$82,972			10.9	%		$183,980			$160,127			14.9	%
FTE adjustment		17			18			(5.6	)		34			32			6.3

Net interest income - FTE		92,056			82,990			10.9			184,014			160,159			14.9
Provision for loan losses¹		751			902			(16.7	)		943			1,153			(18.2	)

Net interest income after provision for loan losses - FTE		91,305			82,088			11.2			183,071			159,006			15.1


Noninterest income before securities gains/(losses)		251,819			233,720			7.7			490,644			466,476			5.2
Securities gains/(losses), net		(15	)		(49	)		(69.4	)		(53	)		(161	)		(67.1	)

Total noninterest income		251,804			233,671			7.8			490,591			466,315			5.2


Noninterest expense before amortization of intangible assets		254,096			229,352			10.8			510,213			472,092			8.1
Amortization of intangible assets		3,702			3,719			(0.5	)		7,307			7,272			0.5

Total noninterest expense		257,798			233,071			10.6			517,520			479,364			8.0


Income before provision for income taxes		85,311			82,688			3.2			156,142			145,957			7.0
Provision for income taxes		31,840			30,909			3.0			58,000			54,276			6.9
FTE adjustment		17			18			(5.6	)		34			32			6.3

Net income		$53,454			$51,761			3.3			$98,108			$91,649			7.0


Total revenue - FTE		$343,860			$316,661			8.6			$674,605			$626,474			7.7

Average Balance Sheet

Total loans		$8,063,724			$7,681,909			5.0			$8,106,158			$7,628,360			6.3
Goodwill		305,456			301,978			1.2			301,745			301,063			0.2
Other intangible assets excluding MSR’s		123,825			139,171			(11.0	)		123,124			136,255			(9.6	)
Total assets		8,858,253			8,439,024			5.0			8,878,999			8,371,887			6.1
Total deposits		9,158,372			9,611,239			(4.7	)		9,158,801			9,489,121			(3.5	)

Shareholders’ equity is not allocated at this time²

Performance Ratios

Efficiency ratio		74.97	%		73.60	%					76.71	%		76.52	%
Impact of excluding cost of intangible assets		(2.06	)		(2.33	)					(2.09	)		(2.38	)

Tangible efficiency ratio		72.91	%		71.27	%					74.62	%		74.14	%


Other Information (End of Period)

Assets under adminstration
Managed (discretionary) assets		$134,819,000			$130,261,760			3.5
Non-managed assets		51,162,000			47,132,240			8.5

Total assets under administration		185,981,000			177,394,000			4.8


Brokerage assets		35,016,000			29,200,000			19.9
Corporate trust assets		28,313,000			25,311,322			11.9

Total assets under advisement		$249,310,000			$231,905,322			7.5


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.

Page 21

Preliminary Data

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


	Three Months Ended									Six Months Ended
	June 30			June 30			%			June 30			June 30			%
	2006			2005			Change			2006			2005			Change

Statement of Income

Net interest income		$42,971			$97,976			(56.1	)%		$103,642			$228,213			(54.6	)%
FTE adjustment		3,774			3,783			(0.2	)		7,503			7,603			(1.3	)

Net interest income - FTE		46,745			101,759			(54.1	)		111,145			235,816			(52.9	)
Provision for loan losses ¹		23,788			11,242			NM			35,901			(11,006	)	NM

Net interest income after provision for loan losses - FTE		22,957			90,517			(74.6	)		75,244			246,822			(69.5	)


Noninterest income before securities gains/(losses)		20,654			14,452			42.9			28,845			24,963			15.6
Securities gains/(losses), net		5,873			(538	)	NM				6,015			(6,891	)		NM

Total noninterest income		26,527			13,914			90.6			34,860			18,072			92.9


Noninterest expense before amortization of intangible assets		(3,816	)		59,226		NM				8,647			71,981			(88.0	)
Amortization of intangible assets		223			223			-			444			447			(0.7	)

Total noninterest expense		(3,593	)		59,449		NM				9,091			72,428			(87.4	)


Income before provision for income taxes		53,077			44,982			18.0			101,013			192,466			(47.5	)
Provision for income taxes		(1,788	)		(1,976	)		(9.5	)		(1,366	)		36,112			NM
FTE adjustment		3,774			3,783			(0.2	)		7,503			7,603			(1.3	)

Net income		$51,091			$43,175			18.3			$94,876			$148,751			(36.2	)


Total revenue - FTE		$73,272			$115,673			(36.7	)		$146,005			$253,888			(42.5	)

Average Balance Sheet

Total loans		$416,350			$323,210			28.8			$372,225			$285,303			30.5
Securities available for sale		25,466,581			27,117,619			(6.1	)		25,114,942			27,064,368			(7.2	)
Goodwill		7,419			12,938			(42.7	)		7,996			11,591			(31.0	)
Other intangible assets excluding MSR’s		5,846			6,736			(13.2	)		5,956			6,848			(13.0	)
Total assets		33,862,143			36,204,330			(6.5	)		33,628,684			36,282,880			(7.3	)

Total deposits (mainly brokered and foreign)		27,184,675			15,877,906			71.2			25,962,166			14,831,124			75.1

Other Information

Duration of investment portfolio		3.0	%		2.8	%

Net interest income interest rate sensitivity:
% Change in net interest income under:
Gradual 100 bp increase in rates over next 12 months		(0.6)	%		0.4	%
Gradual 100 bp decrease in rates over next 12 months		1.3	%		0.1	%


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

Page 22

Preliminary Data

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


	Three Months Ended									Six Months Ended
	June 30			June 30			%			June 30			June 30			%
	2006			2005			Change			2006			2005			Change
Statement of Income
Net interest income		$1,168,743			$1,123,709			4.0	%		$2,347,784			$2,235,269			5.0	%
FTE adjustment		21,283			18,720			13.7			41,621			36,386			14.4

Net interest income - FTE		1,190,026			1,142,429			4.2			2,389,405			2,271,655			5.2
Provision for loan losses		51,759			47,811			8.3			85,162			58,367			45.9

Net interest income after provision for loan losses - FTE		1,138,267			1,094,618			4.0			2,304,243			2,213,288			4.1


Noninterest income before securities gains/(losses)		869,511			770,936			12.8			1,720,913			1,530,409			12.4
Securities gains/(losses), net		5,858			(27	)	NM				5,962			(5,686	)	NM

Total noninterest income		875,369			770,909			13.6			1,726,875			1,524,723			13.3

Noninterest expense before amortization of intangible assets		1,188,208			1,143,007			4.0			2,387,454			2,245,696			6.3
Amortization of intangible assets		25,885			29,818			(13.2	)		53,130			61,035			(13.0	)

Total noninterest expense		1,214,093			1,172,825			3.5			2,440,584			2,306,731			5.8


Income before provision for income taxes		799,543			692,702			15.4			1,590,534			1,431,280			11.1
Provision for income taxes		234,258			208,282			12.5			473,384			436,900			8.4
FTE adjustment		21,283			18,720			13.7			41,621			36,386			14.4

Net income		$544,002			$465,700			16.8			$1,075,529			$957,994			12.3


Total revenue - FTE		$2,065,395			$1,913,338			7.9			$4,116,280			$3,796,378			8.4

Average Balance Sheet

Total loans		$120,144,473			$106,966,707			12.3			$118,214,084			$105,101,623			12.5
Goodwill		6,898,458			6,867,731			0.4			6,868,399			6,855,119			0.2
Other intangible assets excluding MSR’s		429,157			543,757			(21.1	)		440,466			554,344			(20.5	)
Total assets		180,744,146			165,253,589			9.4			179,189,849			163,247,052			9.8
Total deposits		124,366,631			108,773,680			14.3			122,167,607			106,595,033			14.6

Performance Ratios

Efficiency ratio		58.78	%		61.30	%					59.29	%		60.76	%
Impact of excluding cost of intangible assets		(1.25	)		(1.56	)					(1.29	)		(1.61	)

Tangible efficiency ratio		57.53	%		59.74	%					58.00	%		59.15	%

Page 23


Georgia	001-08918	58-1575035

(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)


303 Peachtree St., N.E., Atlanta, Georgia		30308

(Address of principal executive offices)		(Zip Code)


	SUNTRUST BANKS, INC. (Registrant)
Date: July 19, 2006	By:	/s/ Thomas E. Panther
		Thomas E. Panther,
		Senior Vice President and Controller


Date of Report (Date of earliest event reported)		July 19, 2006


Registrant’s telephone number, including area code		(404) 588-7711


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


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


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