8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)    January 19, 2007

SunTrust Banks, Inc.

(Exact name of registrant as specified in its charter)

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)

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

Not Applicable

(Former name or former address, if changed since last report)

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

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

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

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

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

Item 2.02 Results of Operations and Financial Condition.

Item 7.01 Regulation FD Disclosure.

The following information is furnished pursuant to Item 2.02, “Results of Operations and Financial Condition” and Item 7.01, “Regulation FD Disclosure”. Consequently, it is not deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liabilities of that section. It may only be incorporated by reference in another filing under the Exchange Act or Securities Act of 1933 if such subsequent filing specifically references this Form 8-K.

On January 19, 2007, SunTrust Banks, Inc. (the “Registrant”) announced financial results for full year and the fourth quarter ended December 31, 2006, including net income available to common shareholders of $2,134.8 million and net income available to common shareholders per diluted share of $5.88 for the full year ended December 31, 2006. A copy of the News Release announcing the Registrant’s results for the year and fourth quarter ended December 31, 2006 is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

The Registrant intends to hold an investor call and webcast to discuss financial results for the year and fourth quarter ended December 31, 2006 on January 19, 2007, at 8:00 a.m. Eastern time.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1 News Release dated January 19, 2007 (furnished with the Commission as a part of this Form 8-K).

99.2 Presentation materials dated January 19, 2007 (furnished with the Commission as a part of this Form 8-K).

SIGNATURE

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

	SUNTRUST BANKS, INC.         (Registrant)
Date: January 19, 2007.	By:	/s/ Thomas E. Panther
		Thomas E. Panther, Senior Vice President and Controller

EX-99.1

News Release

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

For Immediate Release

January 19, 2007

SunTrust Reports Record Earnings For 2006, Up 7% From 2005

Company Announces Plan to Realize $400 Million in Cost Savings through E² Initiative,

Designed to Achieve Greater Efficiency and Productivity

ATLANTA— SunTrust Banks, Inc. (NYSE: STI) today reported record earnings for 2006. For the full-year of 2006, net income available to common shareholders was a record $2,134.8 million, up 7% from $1,987.2 million in 2005, and net income per average common diluted share was $5.88, up 7% from $5.47 in 2005. Net income available to common shareholders for the fourth quarter of 2006 was $523.6 million, up 1% from $518.5 million in the fourth quarter of 2005. Net income per average common diluted share was $1.46, up 2% from $1.43 in the fourth quarter of 2005.

“Despite the challenging operating environment in 2006 and in particular the second-half of the year we were able to grow our earnings per share by 7% over 2005. Loans, deposits and our customer base continued to grow in 2006, reflective of our intense focus on sales and client service. As the year progressed and market conditions became increasingly difficult, we were able to offset the negative impact this had on net interest income with strong fee income growth and by ratcheting up expense control. We also instituted our efficiency and productivity program in the second half of 2006, which will yield significant benefits over the next several years. The efficiency and productivity initiatives, coupled with our sales and service focus and strong credit culture, should provide momentum going into 2007 and beyond,” James M. Wells III, President and Chief Executive Officer of SunTrust noted. Mr. Wells became the Chief Executive Officer effective January 1, 2007, succeeding L. Phillip Humann, who remains the Executive Chairman of the Company.

In connection with reporting its 2006 earnings, SunTrust detailed its company-wide efficiency and productivity initiative, named “E² (pronounced E-squared) – Excellence in Execution.” The E² initiative, which encompasses both existing and planned efforts, involves identifying and realizing efficiency and productivity opportunities related to corporate real estate, supplier management, offshoring and outsourcing, process reengineering and a structured organizational review. SunTrust’s estimate of cost saves attributable to the E² initiative is $400 million by the end of 2009. The goal for cost saves in 2007 is $135 million.

“The E² program complements our well-established focus on sales, cross-sales and the optimal client experience. We are confident that SunTrust will emerge from the program as a more efficient and productive organization and that our sales and client experience successes coupled with enhanced efficiency and productivity will create powerful operating leverage for the future,” Mr. Wells said.

Fourth Quarter and Full-Year 2006 Consolidated Highlights

	4th Quarter			4th Quarter			%		Full Year			Full Year			%
	2006			2005			Change		2006			2005			Change
Income Statement
(Dollars in millions, except per share data)
Net income available to common shareholders	$	523.6		$	518.5		1	%	$	2,134.8		$	1,987.2		7	%
Net income per average common diluted share		1.46			1.43		2	%		5.88			5.47		7	%
Revenue – fully taxable-equivalent		2,067.7			2,005.0		3	%		8,216.8			7,809.5		5	%
Noninterest income		882.6			797.9		11	%		3,468.4			3,155.0		10	%
Noninterest income before net gains/losses on securities, sale of RCM assets and corporate Bond Trustee business		847.2			797.3		6	%		3,406.1			3,138.8		9	%
Noninterest expense		1,233.8			1,206.9		2	%		4,879.9			4,690.7		4	%
Noninterest expense before loss on extinguishment of debt and merger expense		1,222.1			1,200.4		2	%		4,868.2			4,592.1		6	%
Balance Sheet
(Dollars in billions)
Average loans	$	121.4		$	113.8		7	%	$	119.6		$	108.7		10	%
Average consumer and commercial deposits		98.6			95.3		3	%		97.2			93.4		4	%
Capital
Tier 1 capital ratio (1)		7.65	%		7.01	%
Total average shareholders’ equity to total average assets		9.96	%		9.60	%
Tangible equity to tangible assets		6.05	%		5.56	%
Asset Quality
Net charge-offs to average loans (annualized)		0.29	%		0.17	%				0.15	%		0.18	%
Nonperforming loans to total loans		0.55	%		0.26	%
(1)Current period tier 1 capital ratio is estimated as of the earnings release date.

• Net income available to common shareholders increased 1% and net income per average common diluted share increased 2% from the fourth quarter of 2005, due mainly to noninterest income growth and effective expense control. Full-year net income available to common shareholders increased 7% and net income per average common diluted share increased 7% from 2005, driven by strong noninterest income growth and increasingly effective expense control in the second-half of 2006.

• Fully taxable-equivalent revenue increased 3% from the fourth quarter of 2005. Excluding net securities gains and losses the increase was 1%. Full-year revenue growth was 5% from 2005.

• Noninterest income growth was 11% from the fourth quarter of 2005. Excluding net securities gains and losses the growth was 6%. Strong growth in mortgage production-related, retail investment services, investment banking, and card fee income drove the increase. Full-year noninterest income growth was 10% from 2005. Excluding net securities gains and losses and the gains on sale of RCM assets and the corporate Bond Trustee business the growth was 9%. A number of areas drove the growth on a full-year basis, with mortgage production and servicing-related fees leading the way.

• Noninterest expense increased 2% from the fourth quarter of 2005 resulting primarily from effective expense control initiatives implemented in the second-half of 2006. On a full-year basis, noninterest expense before the loss on extinguishment of debt and merger expense increased 6% from 2005. The expense control initiatives slowed expense growth in the second-half of 2006. Noninterest expense before the loss on extinguishment of debt and merger expense grew 10% in the first six months of 2006 from the same period in 2005 and only 3% in the last six months of 2006 from the same period of 2005.

2

• Total average loans increased 7% and total average consumer and commercial deposits increased 3% from the fourth quarter of 2005. For the full-year, total average loans increased 10% and total average consumer and commercial deposits increased 4% from 2005. Loan growth was driven mainly by residential real estate and construction lending. Deposit growth was driven mainly by consumer and other time deposit growth.

• The tier 1 capital and tangible equity to tangible asset ratios improved as the Company took steps to increase these ratios in 2006, the most significant of which was the capital restructuring program executed in the second-half of 2006. The tier 1 capital ratio improved an estimated 64 basis points from December 31, 2005 to approximately 7.65% as of December 31, 2006, and the tangible equity to tangible asset ratio improved 49 basis points to 6.05% over the same period.

• Annualized net charge-offs were 0.29% of average loans in the fourth quarter of 2006, up from 0.17% of average loans in the fourth quarter of 2005, largely due to a charge-off taken in the fourth quarter of 2006 associated with the previously disclosed large commercial loan that was placed on nonperforming status in the third quarter of 2006. Full-year net charge-offs as a percent of average loans improved to 0.15% in 2006 compared to 0.18% in 2005.

• Nonperforming loans to total loans increased from 0.26% as of December 31, 2005 to 0.55% as of December 31, 2006, mainly due to the large commercial loan placed on nonperforming status in the third quarter of 2006 and an increase in residential mortgage nonperforming loans. The increase in residential mortgage nonperforming loans was driven mainly by maturation of this portfolio, and more specifically, in well-collateralized conforming and Alternative A product (“Alt-A”) first mortgage loans.

CONSOLIDATED FINANCIAL PERFORMANCE

Revenue

Fully taxable-equivalent revenue was $2,067.7 million for the fourth quarter of 2006, up 3% from the fourth quarter of 2005. Excluding net securities gains and losses, the increase was 1%. On a sequential annualized basis, fully taxable-equivalent revenue increased 7% from the third quarter of 2006. Excluding net securities gains and losses and the net gain on the sale of the corporate Bond Trustee business in the third quarter of 2006, the increase was 4%.

For the twelve months ended December 31, 2006, fully taxable-equivalent revenue was $8,216.8 million, up 5% from the same period in 2005. Excluding net securities gains and losses and the net gain on the sale of RCM assets and the corporate Bond Trustee business, the increase was also 5%.

Net Interest Income

Fully taxable-equivalent net interest income was $1,185.2 million in the fourth quarter of 2006, down 2% from the fourth quarter of 2005. The lack of growth was mainly the result of the flat to inverted yield curve that has persisted over this timeframe, as well as the continued shift in deposit mix away from lower-cost deposit products to consumer and other time deposits. On a sequential annualized basis, fully taxable-equivalent net interest income increased 4% from the third quarter of 2006. Net interest margin increased one basis point from the third quarter of 2006 to 2.94%. These increases were mainly a result of the $3 billion investment portfolio restructuring that occurred in the third quarter and strong growth in NOW accounts during the fourth quarter at rates that were advantageous compared to the wholesale funding rates they replaced. Partially offsetting these increases was the continued shift in deposit mix towards higher cost products, mainly consumer and other time deposits, and the negative impact the flat to inverted yield curve has had on the spread between incremental earning asset growth and the cost of funding the growth.

For the twelve months ended December 31, 2006, fully taxable-equivalent net interest income was $4,748.4 million, up 2% from the same period in 2005. In addition to the aforementioned factors, loan growth also contributed to the increase.

3

Noninterest Income

Total noninterest income was $882.6 million for the fourth quarter of 2006, up 11% from the fourth quarter of 2005. Excluding net securities gains and losses, the increase was 6%. The increase primarily resulted from double-digit growth in mortgage production-related income, retail investment services income, investment banking income and card fees. These increases were offset primarily by declines in trading account profits and commissions and mortgage servicing-related income. On a sequential annualized basis, noninterest income increased 11% from the third quarter of 2006. Excluding net securities gains and losses and the net gain on the sale of the corporate Bond Trustee business in the third quarter of 2006, the increase was 4%. The increase was driven mainly by growth in investment banking and retail investment services income as well as other charges and fees, partially offset primarily by decreases in mortgage servicing-related income and trading account profit and commissions.

For the twelve months ended December 31, 2006, noninterest income was $3,468.4 million, up 10% from the same period in 2005. Excluding net securities gains and losses and the net gain on the sale of RCM assets and the corporate Bond Trustee business, the increase was 9%. The growth was driven mainly by mortgage production and servicing-related income, card fees, retail investment services income, investment banking income and trust and investment management income offset by decreases in trading account profit and commissions and service charges on deposit accounts.

Noninterest Expense

Total noninterest expense in the fourth quarter of 2006 was $1,233.8 million, up 2% from the fourth quarter of 2005. This included an $11.7 million loss on the extinguishment of debt related to trust preferred debt that was called during the fourth quarter of 2006. 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. These increases were offset by decreased marketing and customer development expenses, lower amortization of intangible assets and the absence of merger expense in the fourth quarter of 2006. On a sequential annualized basis, noninterest expense increased 9% from the third quarter of 2006. Excluding the loss on the extinguishment of debt, the increase was 6%. The increase was mainly due to a seasonal increase in marketing and customer development expense and divestiture-related expenses associated with affordable housing properties in the fourth quarter.

For the twelve months ended December 31, 2006, total noninterest expense was $4,879.9 million, up 4% from the same period of 2005. Excluding the loss on extinguishment of debt and merger expense, the increase was 6%. The factors driving the increase were similar to those noted for the fourth quarter of 2006 increase over the fourth quarter of 2005. Increasingly effective expense control slowed the rate of expense growth during 2006. For the first six months of 2006 compared to the same period of 2005, noninterest expense excluding merger expense grew 10%, and for the last six months of 2006 compared to the same period of 2005, noninterest expense excluding the loss on extinguishment of debt and merger expense grew only 3%.

Balance Sheet

As of December 31, 2006, SunTrust had total assets of $182.2 billion. Shareholders’ equity of $17.8 billion as of December 31, 2006 represented 10% of total assets. Book value per common share was $48.85 as of December 31, 2006.

4

Loans

Average loans for the fourth quarter of 2006 were $121.4 billion, up 7% from the fourth quarter of 2005. Areas driving the growth were residential real estate and construction lending. On a sequential annualized basis, average loans grew 2% from the third quarter of 2006. Residential real estate and construction lending were the primary drivers of the growth, although to a lesser degree than in previous quarters. This is the result of an intentional reduction in the amount of mortgage production committed to the loan portfolio as well as the effect of slowing market trends that have developed in the construction sector. Despite slowing conditions that have affected the residential real estate market, the Company posted record mortgage production and application volumes in the fourth quarter.

On a full-year basis, average loans grew 10% over the same period in 2005, driven by strong double-digit growth in residential real estate, home equity, and construction lending, as well as commercial and commercial real estate lending to a lesser degree.

Deposits

Average consumer and commercial deposits for the fourth quarter of 2006 were $98.6 billion, up 3% from the fourth quarter of 2005. On a sequential annualized basis, average consumer and commercial deposits grew 4% from the third quarter of 2006. The full-year average consumer and commercial deposit growth was also 4% over the same period of 2005. The growth in deposits both year-over-year and on a sequential annualized basis was driven by growth in consumer time and other deposits. Given market conditions and the higher-rate environment, customer preference is for higher-yielding products. This is driving the continuation of the deposit mix shift away from lower-rate products, such as demand deposits, toward higher-rate products, such as time deposits or other alternative investment products that pay higher-rates. Such products include securities sold under agreement to repurchase and off-balance sheet products, such as money market mutual funds.

The Company continues to pursue deposit growth initiatives aimed at product promotions, as well as increasing our presence in specific markets within our footprint.

Capital

The Company completed a capital restructuring program in the second-half of 2006 that involved replacing higher-cost capital with more efficient and cost-effective hybrid capital structures, as well as calling higher-cost, capital inefficient trust preferred securities and replacing them with lower-cost, more efficient enhanced trust preferred securities. The proceeds from the hybrid capital issuances, totaling approximately $1 billion, were used to repurchase $1 billion in common stock, with $871 million repurchased through an accelerated share repurchase initiated in October and the other $126 million through in-market purchases in the third quarter of 2006.

These initiatives have contributed to higher tier 1 capital and tangible equity to tangible asset ratios. The tier 1 capital ratio improved an estimated 64 basis points from December 31, 2005 to approximately 7.65% as of December 31, 2006, and the tangible equity to tangible asset ratio improved 49 basis points to 6.05% over the same period.

Asset Quality

Annualized net charge-offs in the fourth quarter of 2006 were 0.29% of average loans, up from 0.12% in the third quarter of 2006 and 0.17% in the fourth quarter of 2005. Net charge-offs were $89.8 million in the fourth quarter of 2006 compared to $36.1 million in the third quarter of 2006 and $49.9 million in the fourth quarter of 2005. The increase in net charge-offs was largely due to a charge-off taken in the fourth quarter of 2006 associated with the previously disclosed large commercial loan placed on nonperforming status in the third quarter of 2006. Net charge-offs were 0.15% for the full-year of 2006, an improvement from the 2005 level of 0.18%.

5

Nonperforming loans were $662.3 million, or 0.55% of total loans as of December 31, 2006 compared to $585.4 million, or 0.48% of total loans as of September 30, 2006 and $296.4 million, or 0.26% of total loans as of December 31, 2005. The increase in nonperforming loans from the fourth quarter of 2005 was mainly due to the previously disclosed large commercial loan placed on nonperforming status in the third quarter of 2006 and an increase in residential mortgage nonperforming loans. The increase from the third quarter of 2006 was mainly due to the increase in residential mortgage nonperforming loans. The increase in residential mortgage nonperforming loans was driven mainly by maturation of this portfolio, and more specifically in well-collateralized conforming and Alt-A first mortgage loans. A significant portion of the remaining growth in nonperforming loans was attributable to insured second-lien products.

The allowance for loan and lease losses decreased $14.0 million to $1,073.3 million as of December 31, 2006 from $1,087.3 million as of September 30, 2006 due in part to the reduction in the specific reserve that resulted from the charge-off taken in the fourth quarter associated with the previously disclosed large commercial loan placed on nonperforming status in the third quarter of 2006. Provision expense increased from $61.6 million in the third quarter of 2006 to $75.8 million in the fourth quarter of 2006. The allowance for loan and lease losses as of December 31, 2006 represented 0.88% of period-end loans, down two basis points from 0.90% of period-end loans as of September 30, 2006. The allowance for loan and lease losses as of December 31, 2006 represented 162% of period-end nonperforming loans.

The allowance for loan and lease losses increased $45.2 million from December 31, 2005 as a result of the strong loan growth in 2006 in addition to the impact of the establishment of a specific reserve related to the previously disclosed large commercial loan placed on nonperforming status in the third quarter of 2006.

LINE OF BUSINESS FINANCIAL PERFORMANCE

Retail

preliminary data	4th Quarter 2006		4th Quarter 2005		% Change		Full Year 2006		Full Year 2005		% Change
(in millions)
Net income	$	166.3	$	167.2	(1	)%	$	750.5	$	645.3	16	%
Revenue - fully taxable-equivalent		839.7		845.8	(1	)		3,423.7		3,218.9	6
Average total loans		31,028.4		31,270.6	(1	)		30,885.4		30,411.6	2
Average total deposits		69,541.6		66,443.3	5			68,997.6		65,238.8	6

Three Months Ended December 31, 2006 vs. 2005

Retail’s net income for the fourth quarter of 2006 was $166.3 million, a decrease of $0.9 million, or 1%. The decrease was primarily the result of lower noninterest income partially offset by higher net interest income and lower noninterest expense.

Fully taxable-equivalent net interest income increased $4.6 million, or 1%. The increase was attributable to widening loan spreads due to a favorable change in loan mix. Average loans decreased $242.2 million, or 1%. The loan decrease was driven primarily by student loan sales and securitizations, which totaled approximately $3.1 billion throughout 2006. Further, a decline in consumer indirect was partially offset by growth in the higher-spread home equity products. Average deposits increased $3.1 billion, or 5%, driven primarily by consumer time deposits.

Total noninterest income decreased $10.7 million, or 4%, driven primarily by a decrease in service charges on deposit accounts due to the continued growth of free checking account products and a decrease in consumer NSF fees.

Total noninterest expense decreased $6.7 million, or 1%. The decrease was driven primarily by declines in intangible amortization and operations expense.

6

Twelve Months Ended December 31, 2006 vs. 2005

Retail’s net income for the twelve months ended December 31, 2006 was $750.5 million, an increase of $105.2 million, or 16%. The increase was primarily the result of loan and deposit growth, wider deposit spreads, and lower provision for loan losses, partially offset by higher noninterest expense.

Fully taxable-equivalent net interest income increased $178.0 million, or 8%. Part of the increase was attributable to loan and deposit growth and a favorable change in the loan mix. Average loans increased $473.8 million, or 2%, primarily driven by growth in home equity products offset by a decline in student loans due to sales and securitizations during 2006. Average deposits increased $3.8 billion, or 6%, driven primarily by consumer time deposits. Wider deposit spreads also contributed to the increase in net interest income. Deposit spreads widened due to deposit rate increases that have been slower relative to market rate increases, as well as the increasing value of lower-cost deposits in a higher rate environment.

Provision for loan losses, which represents net charge-offs for the lines of business, decreased $32.3 million, or 23%, primarily due to a decline in consumer indirect net charge-offs.

Total noninterest income increased $26.8 million, or 3%. The increase was driven primarily by interchange income due to increased volumes, as well as gains on student loan sales.

Total noninterest expense increased $80.4 million, or 4%. The increase was driven by increases in interchange expense due to increased volume, as well as personnel and operations expense related to investments in the branch distribution network and technology. Forty-four net new branches were added during 2006.

Commercial

preliminary data	4th Quarter 2006		4th Quarter 2005		% Change		Full Year 2006		Full Year 2005		% Change
(in millions)
Net income	$	107.0	$	98.7	8	%	$	432.9	$	380.9	14	%
Revenue - fully taxable-equivalent		309.8		302.5	2			1,221.0		1,152.2	6
Average total loans		32,617.0		30,988.4	5			32,438.6		30,760.3	5
Average total deposits		14,230.5		13,808.3	3			13,787.5		13,409.0	3

Three Months Ended December 31, 2006 vs. 2005

Commercial’s net income for the fourth quarter of 2006 was $107.0 million, an increase of $8.3 million, or 8%. The increase was driven primarily by an increase in noninterest income and lower provision for loan losses.

Fully taxable-equivalent net interest income was nearly unchanged, as an increase in net interest income on loans was offset by a shift to higher-cost deposits. Average loans increased $1.6 billion, or 5%, with the strongest growth in construction lending. Average deposits increased $422.2 million, or 3%, driven by an increase in institutional and government deposits, partially offset by decreases in demand deposits and money market accounts.

Provision for loan losses, which represents net charge-offs for the lines of business, decreased $4.6 million, or 65%. The decrease was driven primarily by lower net charge-offs in the Core Commercial sub-line of business.

Total noninterest income increased $7.2 million, or 10%. The increase was due mainly to higher revenue from capital markets activities, deposit sweep income and service charges on deposits.

Total noninterest expense increased $1.1 million, or 1%. An increase in personnel expense was partially offset by a decrease in operations expense.

7

Twelve Months Ended December 31, 2006 vs. 2005

Commercial’s net income for the twelve months ended December 31, 2006 was $432.9 million, an increase of $52.0 million, or 14%. The increase was primarily driven by net interest and noninterest income growth and lower provision for loan losses, partially offset by higher noninterest expenses.

Fully taxable-equivalent net interest income increased $44.8 million, or 5%. The increase was driven by loan and deposit growth, as well as wider deposit spreads. Average loans increased $1.7 billion, or 5%, with the strongest growth in construction lending. Average deposits increased $378.5 million, or 3%, driven by an increase in institutional and government deposits and partially offset by decreases in demand deposits and money market accounts. Deposit spreads increased due to the increasing value of lower-cost deposits in a higher rate environment.

Provision for loan losses, which represents net charge-offs for the lines of business, decreased $15.7 million, or 62%. The decrease was driven primarily by lower net charge-offs in the Core Commercial and the Real Estate Finance Group (“REFG”) sub-lines of business.

Total noninterest income increased $23.9 million, or 9%. The increase resulted from higher Affordable Housing revenues, deposit sweep income, as well as increased revenue from capital markets and card products.

Total noninterest expense increased $18.5 million, or 3%. Increases in personnel and operations expense were partially offset by a decrease in Affordable Housing expense.

Corporate and Investment Banking

preliminary data	4th Quarter 2006		4th Quarter 2005		% Change		Full Year 2006		Full Year 2005		% Change
(in millions)
Net income	$	69.1	$	65.5	6	%	$	256.2	$	270.8	(5	)%
Revenue - fully taxable-equivalent		260.9		212.4	23			903.9		904.9	—
Average total loans		16,630.7		16,339.7	2			16,506.5		15,286.0	8
Average total deposits		2,869.0		3,614.2	(21	)		3,116.8		3,289.0	(5	)

Three Months Ended December 31, 2006 vs. 2005

Corporate and Investment Banking’s net income for the fourth quarter of 2006 was $69.1 million, an increase of $3.6 million, or 6%. Strong growth in Debt Capital Markets income was offset by a decrease in loan spreads, higher provision for loan losses and noninterest expense.

Fully taxable-equivalent net interest income decreased $18.8 million, or 26%. The decrease is primarily due to a shift in loan mix to loans with narrower spreads within the Corporate Banking portfolio. Average loans increased $290.9 million, or 2%, driven by increased usage of committed facilities. Average deposits decreased $745.2 million, or 21%. 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, increased to $40.2 million from a net recovery of $2.4 million. The increase was largely due to a charge-off taken in the fourth quarter of 2006 associated with the previously disclosed large commercial loan placed on nonperforming status in the third quarter of 2006.

Total noninterest income increased $67.4 million, or 48%, primarily driven by robust Debt Capital Markets revenue growth of $58.7 million, or 150%, mainly related to securitization, derivatives, structured leasing and loan syndication. Strong revenue growth from merchant banking and leasing also contributed to this increase.

Total noninterest expense increased $9.0 million, or 8%. The majority of the increase was due to increased incentive-based compensation related to the increase in capital markets revenue, as well as increased expense related to merchant banking.

8

Twelve Months Ended December 31, 2006 vs. 2005

Corporate and Investment Banking’s net income for the year ended December 31, 2006 was $256.2 million, a decrease of $14.6 million, or 5%. Adjusting net income by $16.6 million for the March 2005 divestiture of Receivable Capital Management (“RCM”) factoring assets, net income increased 1%. Strong growth in Debt Capital Markets was primarily offset by increased provision for loan losses, as well as a decrease in loan spreads.

Fully taxable-equivalent net interest income decreased $31.5 million, or 12%. Excluding the RCM divestiture, the decrease was 11%, primarily due to a shift in loan mix to loans with narrower spreads within the Corporate Banking portfolio. Average loans increased $1.2 billion, or 8%, primarily in Financial Institutions, Energy and US Diversified Groups. This increase was due to stronger corporate demand and revolver usage, as well as strong growth in our leasing products. Average deposits decreased $172.2 million, or 5%, 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, increased $30.3 million to $45.1 million. The increase was largely due to a charge-off taken in the fourth quarter of 2006 associated with the previously disclosed large commercial loan placed on nonperforming status in the third quarter of 2006.

Total noninterest income increased $30.5 million, or 5%. Adjusting for the divestiture of RCM, noninterest income grew 10%. Debt Capital Markets revenue increased $64.2 million, or 28%, mainly related to securitization, derivatives and structured leasing, as well as strong revenue performance in merchant banking and leasing.

Total noninterest expense increased $3.4 million, or 1%, primarily driven by increased compensation related to increased capital markets revenue, as well as increased expense related to merchant banking.

Mortgage

preliminary data	4th Quarter 2006		4th Quarter 2005		% Change		Full Year 2006		Full Year 2005		% Change
(in millions)
Net income	$	40.8	$	43.3	(6	)%	$	248.4	$	171.9	45	%
Revenue - fully taxable-equivalent		210.4		211.8	(1	)		982.8		787.0	25
Average total loans		32,330.8		26,920.6	20			31,233.0		24,205.7	29
Average total deposits		1,949.3		1,776.1	10			1,810.7		1,653.9	9

Three Months Ended December 31, 2006 vs. 2005

Mortgage’s net income for the fourth quarter of 2006 was $40.8 million, a decrease of $2.5 million, or 6%. Higher origination and servicing fees, net of increased expenses, only partially offset higher mortgage servicing rights amortization and reduced net secondary marketing performance.

Fully taxable-equivalent net interest income decreased $2.0 million, or 1%, due to loan and deposit growth more than offset by lower income on loans held for sale. Growth in residential mortgage and residential construction loans drove a $5.4 billion, or 20%, increase in total loans, which contributed $12.7 million to the change in net interest income. Average loans held for sale increased $0.4 billion, or 4%. However, compressed spreads resulting from increased short-term interest rates reduced income on loans held for sale by $16.3 million. Average deposits were up $0.2 billion, or 10%, due to higher escrow balances associated with higher servicing balances along with a higher credit for funds rate, and contributed $5.7 million to the change.

Provision for loan losses, which represents net charge-offs for the lines of business, increased $4.2 million. During the fourth quarter of 2005, Mortgage realized net recoveries of $1.2 million compared to net charge-offs of $3.0 million in the fourth quarter of 2006. Net charge-offs increased due to the maturation of the mortgage portfolio.

9

Total noninterest income was up $0.5 million, or 1%. Production income was up $12.2 million due to higher volumes. Record loan production of $15.1 billion was up $2.0 billion, or 15%. Loan sales to investors were a record $11.6 billion, up $4.2 billion, or 57%. Servicing income was down $4.4 million due to higher mortgage servicing rights amortization that was partially offset by higher fee income from increased servicing balances. At December 31, 2006, total loans serviced were $130.0 billion, up $24.4 billion, or 23%, from $105.6 billion at prior year-end. Other noninterest income was down $7.2 million due to increased secondary marketing reserves, partially offset by higher insurance income due to increased volumes.

Total noninterest expense increased $2.1 million, or 1%. Increased volumes and investments in production and servicing capabilities were the primary drivers of the slightly higher expense level.

Twelve Months Ended December 31, 2006 vs. 2005

Mortgage’s net income for the year ended December 31, 2006 was $248.4 million, an increase of $76.5 million, or 45%. Income from sales of servicing assets, higher income from loans and deposits, better net secondary marketing performance, and higher origination and servicing fees, net of increased expense, were partially offset by increased mortgage servicing rights amortization.

Fully taxable-equivalent net interest income increased $55.7 million, or 10%, principally due to loan and deposit growth partially offset by lower spreads on loans held for sale. Average loans, principally residential mortgage and residential construction loans, increased $7.0 billion, or 29%, contributing $85.0 million to the higher net interest income. Average loans held for sale increased $1.7 billion, or 23%. However, due to compressed spreads resulting from higher short-term interest rates, net interest income on loans held for sale declined $43.6 million. Average deposits were up $0.2 billion, or 10%, due to escrow balances associated with higher servicing balances along with a higher credit for funds rate, and contributed $24.5 million to the change.

Provision for loan losses, which represents net charge-offs for the lines of business, increased $3.1 million, or 56%, due to the maturation of the mortgage portfolio.

Total noninterest income increased $140.1 million, or 59%. Production income was up $70.5 million driven by higher volumes. Production of $55.4 billion was up $7.7 billion, or 16%. Loan sales to investors were $40.9 billion, an increase of $13.2 billion, or 48%. Servicing income was up $80.0 million due to gains from the sale of mortgage servicing assets of $66.3 million and increased fees from higher servicing balances. Higher mortgage servicing rights amortization partially offset these increases. Other noninterest income was down $10.4 million due to higher secondary marketing reserves, partially offset by higher insurance income.

Total noninterest expense increased $75.6 million, or 15%. Increased volume and investments in production and servicing capabilities were the primary drivers of the higher expense level.

Wealth and Investment Management

preliminary data	4th Quarter 2006		4th Quarter 2005		% Change		Full Year 2006		Full Year 2005		% Change
(in millions)
Net income	$	51.1	$	42.5	20	%	$	267.3	$	187.2	43	%
Revenue - fully taxable-equivalent		343.7		335.4	2			1,466.0		1,286.9	14
Average total loans		8,200.2		8,079.7	1			8,135.4		7,809.6	4
Average total deposits		10,047.1		9,480.0	6			9,477.3		9,528.4	(1	)

Three Months Ended December 31, 2006 vs. 2005

Wealth and Investment Management’s net income for the fourth quarter of 2006 was $51.1 million, an increase of $8.6 million, or 20%. The growth was primarily driven by growth in noninterest income partially offset by growth in noninterest expense and the forgone income that resulted from the sale of the corporate Bond Trustee business at the end of the third quarter of 2006.

10

Fully taxable-equivalent net interest income decreased $4.3 million, or 5%, due primarily to a shift in deposit mix to higher-cost products. Average loans increased $0.1 billion, or 1%, driven by modest growth in most categories, with the exception of consumer mortgages. Average deposits increased $0.6 billion, or 6%, due to increased NOW account balances and customer time deposits, partially offset by declines in demand and money market deposits.

Provision for loan losses, which represents net charge-offs for the lines of business, decreased $3.8 million, or 65%.

Total noninterest income increased $12.6 million, or 5%, due to strong retail investment services income driven by revenue from managed accounts, 12b-1 fees and annuities. Conversely, trust income decreased primarily as a result of lost revenue from the sale of the corporate Bond Trustee business and a decline in non-recurring revenue. End of period assets under management were approximately $141.1 billion compared to $135.3 billion end of period last year. Assets under management include individually managed assets, the STI Classic Funds, institutional assets managed by Trusco Capital Management and participant-directed retirement accounts. SunTrust’s total assets under advisement were approximately $245.3 billion, which includes $141.1 billion in assets under management, $57.7 billion in non-managed trust assets, $38.7 billion in retail brokerage assets and $7.8 billion in non-managed corporate trust assets. Approximately $21.2 billion in corporate trust non-managed assets were transferred as part of the corporate Bond Trustee transaction.

Total noninterest expense increased $2.0 million, or 1%. The growth was primarily driven by increased fees paid to third parties and partially offset by reduced operations and staff expenses, which are partially attributable to efficiency initiatives within the line of business.

Twelve Months Ended December 31, 2006 vs. 2005

Wealth and Investment Management’s net income for the twelve months ended December 31, 2006 was $267.3 million, an increase of $80.1 million, or 43%. Excluding the net gain on the sale of the corporate Bond Trustee business, net income increased 5%. Increases in both net interest income and non-interest income were partially offset by higher expenses.

Fully taxable-equivalent net interest income increased $24.3 million, or 7%, attributable to a combination of increased loan volumes and wider deposit spreads. Average loans increased $0.3 billion, or 4%, primarily due to growth in commercial real estate and commercial loans. Average deposits decreased $0.1 billion, or 1%, due to declines in demand deposits and money market accounts, partially offset by increases in consumer time deposits. Deposit spreads widened due to deposit rate increases that have been slower relative to market rate increases, as well as the increasing value of lower-cost deposits in a higher rate environment.

Provision for loan losses, which represents net charge-offs for the lines of business, decreased $5.2 million, or 58%.

Total noninterest income increased $154.9 million, or 16%, primarily due to the $112.8 million pre-tax gain on the sale of the corporate Bond Trustee business. Noninterest income excluding the net gain of $112.8 million increased $42.1 million to $986.1 million, or 4%, driven by growth in trust and retail investment services income. Trust income increased due to growth in assets under management from improved sales and market conditions. Retail investment services income increased due to growth in variable annuities, managed account and new business revenue.

Total noninterest expense increased $60.1 million, or 6%. Growth was primarily driven by higher structural and staff expense.

11

Corporate Other and Treasury

preliminary data	4th Quarter 2006		4th Quarter 2005		% Change		Full Year 2006		Full Year 2005		% Change
(in millions)
Net income	$	51.1	$	42.5	20	%	$	267.3	$	187.2	43	%
Revenue - fully taxable-equivalent		343.7		335.4	2			1,466.0		1,286.9	14
Average total loans		8,200.2		8,079.7	1			8,135.4		7,809.6	4
Average total deposits		10,047.1		9,480.0	6			9,477.3		9,528.4	(1	)

Three Months Ended December 31, 2006 vs. 2005

Corporate Other and Treasury’s net income for the fourth quarter of 2006 was $97.0 million, a decrease of $4.2 million, or 4%, mainly due to an increase in noninterest expense, partially offset by a decrease in provision for loan losses and an increase in noninterest income.

Fully taxable-equivalent net interest income was nearly unchanged, decreasing $1.4 million, or 2%.

Provision for loan losses, which represents the difference between net charge-offs for the lines of business and total provision for loan losses, decreased $12.1 million.

Total average assets decreased $2.1 billion, or 6%, mainly due to a reduction in the size of the investment portfolio of $1.7 billion that resulted from the investment portfolio restructuring in the third quarter. Total average deposits increased $4.9 billion, or 23%, mainly due to growth in brokered and foreign deposits.

Total noninterest income increased $7.6 million, or 32%. This was mainly due to an increase in net securities gains of $31.7 million recognized in the fourth quarter, partially offset by a $13.5 million decrease in derivative income on economic hedges and an increase in intercompany credits to the lines of business of $5.7 million.

Total noninterest expense increased $19.2 million due mainly to the loss on extinguishment of debt totaling $11.7 million.

Twelve Months Ended December 31, 2006 vs. 2005

Corporate Other and Treasury’s net income for the year ended December 31, 2006 was $187.2 million, a decrease of $144.0 million, or 43%, mainly due to a decline in net interest income, an increase in provision for loan losses, and increased net securities losses partially offset by a decrease in merger-related expenses.

Fully taxable-equivalent net interest income decreased $177.3 million, or 44%. The main drivers were a $1.9 billion decrease in average 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 resulting from narrower spreads between the receive fixed/pay floating rates, 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 $9.2 billion, or 53%, mainly due to growth in brokered and foreign deposits.

Provision for loan losses, which represents the difference between net charge-offs for the lines of business and total provision for loan losses, increased $65.4 million due to additional provision expense necessary to support the Company’s strong loan growth in 2006 and the impact of the establishment of a specific reserve related to the previously disclosed large commercial loan placed on nonperforming status in the third quarter of 2006.

Total noninterest income decreased $62.9 million, mainly due to an increase in net securities losses of $44.8 million related to the portfolio restructuring in the third quarter of 2006 and a $14.0 million decrease in derivative income on economic hedges.

Total noninterest expense decreased $48.9 million mainly due to a reduction in merger-related expenses.

12

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”. 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 January 19, 2007 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: 4Q06; Leader: Greg Ketron). Individuals calling from outside the United States should dial 1-517-308-9091 (Passcode: 4Q06; Leader: Greg Ketron). A replay of the call will be available beginning January 19, 2007 and ending February 2, 2007 by dialing 1-800-679-9640 (domestic) or 1-402-220-0275 (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, “4^th Quarter Earnings Release.” Beginning the afternoon of January 19, 2007, 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 future prospects of the Company and credit quality. Statements that do not describe 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

13

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.

###

14

SunTrust Banks, Inc. and Subsidiaries

FINANCIAL HIGHLIGHTS

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

	Three Months Ended December 31						% Change		Twelve Months Ended December 31						% Change
	2006			2005					2006			2005
EARNINGS & DIVIDENDS
Net income	$	531.4		$	518.5		2.5	%	$	2,142.5		$	1,987.2		7.8	%
Net income available to common shareholders		523.6			518.5		1.0			2,134.8			1,987.2		7.4
Total revenue - FTE2		2,067.7			2,005.0		3.1			8,216.8			7,809.5		5.2
Total revenue - FTE excluding net securities gains and losses, net gain on sale of RCM assets and net gain on sale of Bond Trustee business1		2,032.4			2,004.4		1.4			8,154.5			7,793.3		4.6
Net income per average common share
Diluted		1.46			1.43		2.1			5.88			5.47		7.5
Basic		1.48			1.44		2.8			5.94			5.53		7.4
Dividends paid per average common share		0.61			0.55		10.9			2.44			2.20		10.9
CONDENSED BALANCE SHEETS
Selected Average Balances
Total assets	$	182,343		$	175,769		3.7	%	$	180,315		$	168,089		7.3	%
Earning assets		160,115			153,490		4.3			158,429			146,640		8.0
Loans		121,364			113,828		6.6			119,645			108,742		10.0
Consumer and commercial deposits		98,553			95,257		3.5			97,175			93,355		4.1
Brokered and foreign deposits		26,124			21,010		24.3			26,490			17,052		55.3
Total shareholders’ equity		18,155			16,876		7.6			17,547			16,526		6.2
As of
Total assets		182,202			179,713		1.4
Earning assets		159,133			156,641		1.6
Loans		121,523			114,555		6.1
Allowance for loan and lease losses		1,073			1,028		4.4
Consumer and commercial deposits		99,776			97,572		2.3
Brokered and foreign deposits		24,246			24,481		(1.0	)
Total shareholders’ equity		17,839			16,887		5.6
FINANCIAL RATIOS & OTHER DATA
Return on average total assets		1.16	%		1.17	%	(0.9	)%		1.19	%		1.18	%	0.8	%
Return on average assets less net unrealized securities gains1		1.09			1.15		(5.2	)		1.19			1.17		1.7
Return on average common shareholders’ equity		11.77			12.19		(3.4	)		12.27			12.02		2.1
Return on average realized common shareholders’ equity1		11.78			12.75		(7.6	)		12.87			12.70		1.3
Net interest margin2		2.94			3.12		(5.8	)		3.00			3.17		(5.4	)
Efficiency ratio2		59.67			60.20		(0.9	)		59.39			60.06		(1.1	)
Tangible efficiency ratio1		58.49			58.79		(0.5	)		58.13			58.54		(0.7	)
Effective tax rate		27.63			28.97		(4.6	)		29.21			30.67		(4.8	)
Full-time equivalent employees		33,599			33,406		0.6
Number of ATMs		2,569			2,782		(7.7	)
Full service banking offices		1,701			1,657		2.7
Traditional		1,349			1,325		1.8
In-store		352			332		6.0
Tier 1 capital ratio		7.65	%3		7.01	%	9.1	%
Total capital ratio		11.00	3		10.57		4.1
Tier 1 leverage ratio		7.25	3		6.65		9.0
Total average shareholders’ equity to total average assets		9.96			9.60		3.7			9.73			9.83		(1.0	)
Tangible equity to tangible assets1		6.05			5.56		8.8
Book value per common share		48.85			46.65		4.7
Market price:
High		85.64			75.46		13.5			85.64			75.77		13.0
Low		76.76			65.32		17.5			69.68			65.32		6.7
Close		84.45			72.76		16.1			84.45			72.76		16.1
Market capitalization		29,972			26,338		13.8
Average common shares outstanding (000s)
Diluted		358,292			363,175		(1.3	)		362,802			363,454		(0.2	)
Basic		354,677			359,203		(1.3	)		359,413			359,066		0.1

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. Total 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 earnings release date.

Page 1

SunTrust Banks, Inc. and Subsidiaries

FIVE QUARTER FINANCIAL HIGHLIGHTS

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

	Three Months Ended
	December 31 2006			September 30 2006			June 30 2006			March 31 2006			December 31 2005
EARNINGS & DIVIDENDS
Net income	$	531.4		$	535.6		$	544.0		$	531.5		$	518.5
Net income available to common shareholders		523.6			535.6			544.0			531.5			518.5
Total revenue - FTE2		2,067.7			2,032.8			2,065.4			2,050.9			2,005.0
Total revenue - FTE excluding net securities gains and losses, net gain on sale of RCM assets and net gain on sale of Bond Trustee business1		2,032.4			2,011.8			2,059.5			2,050.8			2,004.4
Net income per average common share
Diluted		1.46			1.47			1.49			1.46			1.43
Basic		1.48			1.48			1.51			1.48			1.44
Dividends paid per average common share		0.61			0.61			0.61			0.61			0.55
CONDENSED BALANCE SHEETS
Selected Average Balances
Total assets	$	182,343		$	180,501		$	180,744		$	177,618		$	175,769
Earning assets		160,115			158,915			158,889			155,743			153,490
Loans		121,364			120,742			120,145			116,263			113,828
Consumer and commercial deposits		98,553			97,643			97,172			95,292			95,257
Brokered and foreign deposits		26,124			27,958			27,194			24,652			21,010
Total shareholders’ equity		18,155			17,662			17,304			17,052			16,876
As of
Total assets		182,202			183,105			181,143			178,876			179,713
Earning assets		159,133			160,288			158,845			156,439			156,641
Loans		121,523			121,237			120,243			118,130			114,555
Allowance for loan and lease losses		1,073			1,087			1,062			1,039			1,028
Consumer and commercial deposits		99,776			98,684			99,042			97,940			97,572
Brokered and foreign deposits		24,246			25,709			25,811			23,836			24,481
Total shareholders’ equity		17,839			18,589			17,424			17,157			16,887
FINANCIAL RATIOS & OTHER DATA
Return on average total assets		1.16	%		1.18	%		1.21	%		1.21	%		1.17	%
Return on average assets less net unrealized securities gains1		1.09			1.28			1.18			1.19			1.15
Return on average common shareholders’ equity		11.77			12.10			12.61			12.64			12.19
Return on average realized common shareholders’ equity1		11.78			13.73			12.90			13.06			12.75
Net interest margin2		2.94			2.93			3.00			3.12			3.12
Efficiency ratio2		59.67			59.30			58.78			59.80			60.20
Tangible efficiency ratio1		58.49			58.03			57.53			58.47			58.79
Effective tax rate		27.63			27.94			30.10			31.03			28.97
Full-time equivalent employees		33,599			34,293			34,155			33,697			33,406
Number of ATMs		2,569			2,568			2,564			2,786			2,782
Full service banking offices		1,701			1,699			1,695			1,677			1,657
Traditional		1,349			1,347			1,342			1,332			1,325
In-store		352			352			353			345			332
Tier 1 capital ratio		7.65	%3		7.70	%		7.31	%		7.26	%		7.01	%
Total capital ratio		11.00	3		11.07			10.70			10.88			10.57
Tier 1 leverage ratio		7.25	3		7.27			6.82			6.71			6.65
Total average shareholders’ equity to total average assets		9.96			9.78			9.57			9.60			9.60
Tangible equity to tangible assets1		6.05			6.42			5.81			5.72			5.56
Book value per common share		48.85			49.71			47.85			47.22			46.65
Market price:
High		85.64			81.59			78.33			76.75			75.46
Low		76.76			75.11			72.56			69.68			65.32
Close		84.45			77.28			76.26			72.76			72.76
Market capitalization		29,972			28,120			27,768			26,437			26,338
Average common shares outstanding (000s)
Diluted		358,292			365,121			364,391			363,437			363,175
Basic		354,677			361,805			361,267			359,934			359,203

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. Total 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 earnings release date.

Page 2

SunTrust Banks, Inc. and Subsidiaries

CONSOLIDATED BALANCE SHEETS

(Dollars in thousands) (Unaudited)

	As of December 31						Increase/(Decrease)
	2006			2005			Amount			%
ASSETS
Cash and due from banks	$	4,235,889		$	4,659,664		($	423,775	)	(9.1	)%
Interest-bearing deposits in other banks		21,810			332,444			(310,634	)	(93.4	)
Funds sold and securities purchased under agreements to resell		1,050,046			1,313,498			(263,452	)	(20.1	)
Trading assets		2,777,629			2,811,225			(33,596	)	(1.2	)
Securities available for sale1		25,101,715			26,525,821			(1,424,106	)	(5.4	)
Loans held for sale		11,790,122			13,695,613			(1,905,491	)	(13.9	)
Loans:
Commercial		34,682,682			33,764,183			918,499		2.7
Real estate:
Home equity lines		14,102,655			13,635,705			466,950		3.4
Construction		13,892,988			11,046,903			2,846,085		25.8
Residential mortgages		33,830,101			29,877,312			3,952,789		13.2
Commercial real estate		12,567,824			12,516,035			51,789		0.4
Consumer:
Direct		4,160,091			5,060,844			(900,753	)	(17.8	)
Indirect		7,936,102			8,389,401			(453,299	)	(5.4	)
Business credit card		350,690			264,512			86,178		32.6
Total loans		121,523,133			114,554,895			6,968,238		6.1
Allowance for loan and lease losses		(1,073,321	)		(1,028,128	)		(45,193	)	4.4
Net loans		120,449,812			113,526,767			6,923,045		6.1
Goodwill		6,889,860			6,835,168			54,692		0.8
Other intangible assets		1,181,984			1,122,967			59,017		5.3
Other assets		8,702,742			8,889,674			(186,932	)	(2.1	)
Total assets2	$	182,201,609		$	179,712,841		$	2,488,768		1.4
LIABILITIES
Noninterest-bearing consumer and commercial deposits	$	22,887,176		$	26,327,663		($	3,440,487	)	(13.1	)%
Interest-bearing consumer and commercial deposits:
NOW accounts		20,230,763			17,781,451			2,449,312		13.8
Money market accounts		22,371,828			25,484,016			(3,112,188	)	(12.2	)
Savings		5,198,980			5,423,878			(224,898	)	(4.1	)
Consumer time		16,824,239			13,436,072			3,388,167		25.2
Other time		12,262,902			9,119,302			3,143,600		34.5
Total consumer and commercial deposits		99,775,888			97,572,382			2,203,506		2.3
Brokered deposits		18,150,059			15,644,932			2,505,127		16.0
Foreign deposits		6,095,682			8,835,864			(2,740,182	)	(31.0	)
Total deposits		124,021,629			122,053,178			1,968,451		1.6
Funds purchased		4,867,591			4,258,013			609,578		14.3
Securities sold under agreements to repurchase		6,950,426			6,116,520			833,906		13.6
Other short-term borrowings		2,062,636			1,937,624			125,012		6.5
Long-term debt		18,992,905			20,779,249			(1,786,344	)	(8.6	)
Trading liabilities		1,634,097			1,529,325			104,772		6.9
Other liabilities		5,833,707			6,151,537			(317,830	)	(5.2	)
Total liabilities		164,362,991			162,825,446			1,537,545		0.9
SHAREHOLDERS’ EQUITY
Preferred stock, no par value		500,000			—			500,000		100.0
Common stock, $1.00 par value		370,578			370,578			—		—
Additional paid in capital		6,627,196			6,761,684			(134,488	)	(2.0	)
Retained earnings		10,566,164			9,310,978			1,255,186		13.5
Treasury stock, at cost, and other		(1,151,269	)		(493,936	)		(657,333	)	133.1
Accumulated other comprehensive income		925,949			938,091			(12,142	)	(1.3	)
Total shareholders’ equity		17,838,618			16,887,395			951,223		5.6
Total liabilities and shareholders’ equity	$	182,201,609		$	179,712,841		$	2,488,768		1.4
Common shares outstanding		354,902,566			361,984,193			(7,081,627	)	(2.0	)
Common shares authorized		750,000,000			750,000,000			—		—
Preferred shares outstanding		5,000			—			5,000		100.0
Preferred shares authorized		50,000,000			50,000,000			—		—
Treasury shares of common stock		15,675,832			8,594,205			7,081,627		82.4
1        Includes net unrealized gains of	$	2,103,362		$	1,572,033		$	531,329		33.8	%
2        Includes earning assets of		159,132,634			156,640,894			2,491,740		1.6

Page 3

SunTrust Banks, Inc. and Subsidiaries

FIVE QUARTER CONSOLIDATED BALANCE SHEETS

(Dollars in thousands) (Unaudited)

	As of
	December 31 2006			September 30 2006			June 30 2006			March 31 2006			December 31 2005
ASSETS
Cash and due from banks	$	4,235,889		$	4,066,173		$	4,214,076		$	4,158,082		$	4,659,664
Interest-bearing deposits in other banks		21,810			39,982			29,733			81,857			332,444
Funds sold and securities purchased under agreements to resell		1,050,046			1,147,423			942,983			1,108,841			1,313,498
Trading assets		2,777,629			3,675,917			2,621,940			2,937,137			2,811,225
Securities available for sale1		25,101,715			25,553,320			26,542,900			27,335,487			26,525,821
Loans held for sale		11,790,122			11,501,646			10,819,967			9,351,662			13,695,613
Loans:
Commercial		34,682,682			35,018,715			35,159,832			33,496,827			33,764,183
Real estate:
Home equity lines		14,102,655			14,014,617			13,894,177			13,791,702			13,635,705
Construction		13,892,988			13,595,924			13,099,808			12,068,483			11,046,903
Residential mortgages		33,830,101			33,711,399			32,844,670			32,366,617			29,877,312
Commercial real estate		12,567,824			12,459,023			12,575,092			12,571,041			12,516,035
Consumer:
Direct		4,160,091			4,082,257			4,237,332			5,421,722			5,060,844
Indirect		7,936,102			8,022,512			8,113,741			8,130,463			8,389,401
Business credit card		350,690			332,947			318,493			283,390			264,512
Total loans		121,523,133			121,237,394			120,243,145			118,130,245			114,554,895
Allowance for loan and lease losses		(1,073,321	)		(1,087,316	)		(1,061,862	)		(1,039,247	)		(1,028,128	)
Net loans		120,449,812			120,150,078			119,181,283			117,090,998			113,526,767
Goodwill		6,889,860			6,903,001			6,900,222			6,897,105			6,835,168
Other intangible assets		1,181,984			1,120,102			1,141,346			1,123,463			1,122,967
Other assets		8,702,742			8,946,911			8,748,994			8,791,844			8,889,674
Total assets2	$	182,201,609		$	183,104,553		$	181,143,444		$	178,876,476		$	179,712,841
LIABILITIES
Noninterest-bearing consumer and commercial deposits	$	22,887,176		$	22,813,455		$	24,243,088		$	24,649,242		$	26,327,663
Interest-bearing consumer and commercial deposits:
NOW accounts		20,230,763			17,508,754			17,194,199			17,514,277			17,781,451
Money market accounts		22,371,828			23,803,496			24,627,018			26,144,180			25,484,016
Savings		5,198,980			5,699,545			5,556,847			5,283,632			5,423,878
Consumer time		16,824,239			16,615,445			16,134,694			14,397,034			13,436,072
Other time		12,262,902			12,243,372			11,285,875			9,951,523			9,119,302
Total consumer and commercial deposits		99,775,888			98,684,067			99,041,721			97,939,888			97,572,382
Brokered deposits		18,150,059			18,264,554			18,425,635			16,965,675			15,644,932
Foreign deposits		6,095,682			7,444,329			7,385,081			6,870,179			8,835,864
Total deposits		124,021,629			124,392,950			124,852,437			121,775,742			122,053,178
Funds purchased		4,867,591			5,926,570			4,527,339			4,346,238			4,258,013
Securities sold under agreements to repurchase		6,950,426			7,362,480			7,158,914			6,970,317			6,116,520
Other short-term borrowings		2,062,636			1,744,479			1,438,891			1,494,384			1,937,624
Long-term debt		18,992,905			17,477,276			18,222,162			18,919,961			20,779,249
Trading liabilities		1,634,097			1,611,648			1,574,107			1,734,328			1,529,325
Other liabilities		5,833,707			5,999,843			5,945,674			6,478,058			6,151,537
Total liabilities		164,362,991			164,515,246			163,719,524			161,719,028			162,825,446
SHAREHOLDERS’ EQUITY
Preferred stock, no par value		500,000			500,000			—			—			—
Common stock, $1.00 par value		370,578			370,578			370,578			370,578			370,578
Additional paid in capital		6,627,196			6,735,458			6,751,929			6,743,418			6,761,684
Retained earnings		10,566,164			10,258,441			9,943,155			9,621,597			9,310,978
Treasury stock, at cost, and other		(1,151,269	)		(453,934	)		(418,262	)		(472,505	)		(493,936	)
Accumulated other comprehensive income		925,949			1,178,764			776,520			894,360			938,091
Total shareholders’ equity		17,838,618			18,589,307			17,423,920			17,157,448			16,887,395
Total liabilities and shareholders’ equity	$	182,201,609		$	183,104,553		$	181,143,444		$	178,876,476		$	179,712,841
Common shares outstanding		354,902,566			363,868,470			364,129,209			363,338,615			361,984,193
Common shares authorized		750,000,000			750,000,000			750,000,000			750,000,000			750,000,000
Preferred shares outstanding		5,000			5,000			—			—			—
Preferred shares authorized		50,000,000			50,000,000			50,000,000			50,000,000			50,000,000
Treasury shares of common stock		15,675,832			6,709,928			6,449,189			7,239,783			8,594,205
1        Includes net unrealized gains of	$	2,103,362		$	1,915,277		$	1,309,753		$	1,497,176		$	1,572,033
2        Includes earning assets of		159,132,634			160,287,584			158,845,216			156,439,347			156,640,894

Page 4

SunTrust Banks, Inc. and Subsidiaries

CONSOLIDATED STATEMENTS OF INCOME

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

	Three Months Ended									Twelve Months Ended
	December 31				Increase/(Decrease)2					December 31						Increase/(Decrease)2
	2006		2005		Amount			%		2006			2005			Amount			%
Interest income	$	2,564,731	$	2,175,340	$	389,391		17.9	%	$	9,792,020		$	7,731,309		$	2,060,711		26.7	%
Interest expense		1,403,442		988,304		415,138		42.0			5,131,555			3,152,343			1,979,212		62.8
NET INTEREST INCOME		1,161,289		1,187,036		(25,747	)	(2.2	)		4,660,465			4,578,966			81,499		1.8
Provision for loan losses		75,806		48,126		27,680		57.5			222,536			176,886			45,650		25.8
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES		1,085,483		1,138,910		(53,427	)	(4.7	)		4,437,929			4,402,080			35,849		0.8
NONINTEREST INCOME
Service charges on deposit accounts		191,628		196,792		(5,164	)	(2.6	)		763,720			772,519			(8,799	)	(1.1	)
Trust and investment management income		169,248		172,900		(3,652	)	(2.1	)		686,865			673,720			13,145		2.0
Retail investment services		65,000		53,250		11,750		22.1			233,974			213,274			20,700		9.7
Other charges and fees		122,386		115,507		6,879		6.0			462,063			456,481			5,582		1.2
Investment banking income		71,211		59,727		11,484		19.2			230,553			216,530			14,023		6.5
Trading account profits and commissions		9,586		27,418		(17,832	)	(65.0	)		113,047			145,120			(32,073	)	(22.1	)
Card fees		64,187		57,688		6,499		11.3			247,647			210,779			36,868		17.5
Mortgage production related income		47,476		34,817		12,659		36.4			217,428			144,885			72,543		50.1
Mortgage servicing related income		8,994		13,519		(4,525	)	(33.5	)		121,738			41,856			79,882		NM
Net gain on sale of Bond Trustee business		—		—		—		—			112,759			—			112,759		100.0
Net gain on sale of RCM assets		—		—		—		—			—			23,382			(23,382	)	(100.0	)
Other noninterest income		97,473		65,705		31,768		48.3			329,055			263,653			65,402		24.8
Securities gains/(losses), net		35,377		600		34,777		NM			(50,477	)		(7,155	)		(43,322	)	NM
Total noninterest income		882,566		797,923		84,643		10.6			3,468,372			3,155,044			313,328		9.9
NONINTEREST EXPENSE
Employee compensation and benefits		657,093		643,801		13,292		2.1			2,725,453			2,534,211			191,242		7.5
Net occupancy expense		85,846		83,217		2,629		3.2			334,213			312,070			22,143		7.1
Outside processing and software		101,538		92,305		9,233		10.0			393,576			357,387			36,189		10.1
Equipment expense		49,234		49,494		(260	)	(0.5	)		197,038			204,038			(7,000	)	(3.4	)
Marketing and customer development		45,249		50,133		(4,884	)	(9.7	)		173,205			156,711			16,494		10.5
Amortization of intangible assets		24,304		28,192		(3,888	)	(13.8	)		103,226			118,964			(15,738	)	(13.2	)
Merger expense		—		6,538		(6,538	)	(100.0	)		—			98,642			(98,642	)	(100.0	)
Loss on extinguishment of debt		11,665		—		11,665		100.0			11,665			—			11,665		100.0
Other noninterest expense		258,848		253,247		5,601		2.2			941,484			908,706			32,778		3.6
Total noninterest expense		1,233,777		1,206,927		26,850		2.2			4,879,860			4,690,729			189,131		4.0
INCOME BEFORE PROVISION FOR INCOME TAXES		734,272		729,906		4,366		0.6			3,026,441			2,866,395			160,046		5.6
Provision for income taxes		202,906		211,435		(8,529	)	(4.0	)		883,958			879,156			4,802		0.5
Net income		531,366		518,471		12,895		2.5			2,142,483			1,987,239			155,244		7.8
Preferred dividends		7,729		—		7,729		100.0			7,729			—			7,729		100.0
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS	$	523,637	$	518,471	$	5,166		1.0		$	2,134,754		$	1,987,239		$	147,515		7.4
Net interest income - FTE1	$	1,185,166	$	1,207,061	($	21,895	)	(1.8	)	$	4,748,431		$	4,654,458		$	93,973		2.0
Net income per average common share
Diluted		1.46		1.43		0.03		2.1			5.88			5.47			0.41		7.5
Basic		1.48		1.44		0.04		2.8			5.94			5.53			0.41		7.4
Cash dividends paid per common share		0.61		0.55		0.06		10.9			2.44			2.20			0.24		10.9
Average common shares outstanding (000s)
Diluted		358,292		363,175		(4,883	)	(1.3	)		362,802			363,454			(652	)	(0.2	)
Basic		354,677		359,203		(4,526	)	(1.3	)		359,413			359,066			347		0.1

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. Those changes over 100 percent were not considered to be 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
	December 31 2006		September 30 2006			June 30 2006		March 31 2006		December 31 2005
Interest income	$	2,564,731	$	2,525,489		$	2,423,087	$	2,278,713	$	2,175,340
Interest expense		1,403,442		1,374,097			1,254,344		1,099,672		988,304
NET INTEREST INCOME		1,161,289		1,151,392			1,168,743		1,179,041		1,187,036
Provision for loan losses		75,806		61,568			51,759		33,403		48,126
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES		1,085,483		1,089,824			1,116,984		1,145,638		1,138,910
NONINTEREST INCOME
Service charges on deposit accounts		191,628		194,262			191,645		186,185		196,792
Trust and investment management income		169,248		173,717			175,811		168,089		172,900
Retail investment services		65,000		55,544			58,441		54,989		53,250
Other charges and fees		122,386		113,347			113,948		112,382		115,507
Investment banking income		71,211		47,046			60,481		51,815		59,727
Trading account profits and commissions		9,586		20,404			46,182		36,875		27,418
Card fees		64,187		64,916			61,941		56,603		57,688
Mortgage production related income		47,476		50,336			56,579		63,037		34,817
Mortgage servicing related income		8,994		36,633			31,401		44,710		13,519
Net gain on sale of Bond Trustee business		—		112,759			—		—		—
Other noninterest income		97,473		81,783			73,082		76,717		65,705
Securities gains/(losses), net		35,377		(91,816	)		5,858		104		600
Total noninterest income		882,566		858,931			875,369		851,506		797,923
NONINTEREST EXPENSE
Employee compensation and benefits		657,093		674,322			689,073		704,965		643,801
Net occupancy expense		85,846		85,613			81,710		81,044		83,217
Outside processing and software		101,538		98,699			98,447		94,892		92,305
Equipment expense		49,234		50,249			48,107		49,448		49,494
Marketing and customer development		45,249		35,932			49,378		42,646		50,133
Amortization of intangible assets		24,304		25,792			25,885		27,245		28,192
Merger expense		—		—			—		—		6,538
Loss on extinguishment of debt		11,665		—			—		—		—
Other noninterest expense		258,848		234,892			221,493		226,251		253,247
Total noninterest expense		1,233,777		1,205,499			1,214,093		1,226,491		1,206,927
INCOME BEFORE PROVISION FOR INCOME TAXES		734,272		743,256			778,260		770,653		729,906
Provision for income taxes		202,906		207,668			234,258		239,126		211,435
Net income		531,366		535,588			544,002		531,527		518,471
Preferred dividends		7,729		—			—		—		—
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS	$	523,637	$	535,588		$	544,002	$	531,527	$	518,471
Net interest income - FTE1	$	1,185,166	$	1,173,860		$	1,190,026	$	1,199,379	$	1,207,061
Net income per average common share
Diluted		1.46		1.47			1.49		1.46		1.43
Basic		1.48		1.48			1.51		1.48		1.44
Cash dividends paid per common share		0.61		0.61			0.61		0.61		0.55
Average common shares outstanding (000s)
Diluted		358,292		365,121			364,391		363,437		363,175
Basic		354,677		361,805			361,267		359,934		359,203

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
	December 31, 2006							September 30, 2006
	Average Balances			Interest Income/ Expense		Yields/ Rates		Average Balances			Interest Income/ Expense		Yields/ Rates
ASSETS
Loans:
Real estate 1-4 family	$	34,345.4		$	531.8	6.19	%	$	33,875.7		$	519.4	6.13	%
Real estate construction		13,204.0			254.3	7.64			12,805.6			247.5	7.67
Real estate home equity lines		13,722.9			273.4	7.90			13,626.3			270.2	7.87
Real estate commercial		12,784.8			223.1	6.93			12,808.6			223.4	6.92
Commercial - FTE1		33,965.1			545.8	6.37			34,306.9			542.1	6.27
Business credit card		351.4			5.3	5.99			323.8			5.0	6.14
Consumer - direct		4,116.3			76.8	7.40			4,206.9			76.7	7.23
Consumer - indirect		8,231.8			123.8	5.97			8,339.1			121.5	5.78
Nonaccrual and restructured		642.1			5.0	3.06			449.1			4.4	3.87
Total loans		121,363.8			2,039.3	6.67			120,742.0			2,010.2	6.61
Securities available for sale:
Taxable		22,170.4			282.0	5.09			23,027.9			286.9	4.98
Tax-exempt - FTE1		998.0			14.6	5.85			968.7			14.1	5.84
Total securities available for sale - FTE1		23,168.4			296.6	5.12			23,996.6			301.0	5.02
Funds sold and securities purchased under agreements to resell		1,176.3			15.4	5.15			1,084.1			14.3	5.16
Loans held for sale		12,009.3			198.4	6.61			11,026.4			188.0	6.82
Interest-bearing deposits		31.2			0.3	3.76			25.8			0.3	5.04
Interest earning trading assets2		2,365.8			38.6	6.46			2,039.8			34.2	6.64
Total earning assets		160,114.8			2,588.6	6.41			158,914.7			2,548.0	6.36
Allowance for loan and lease losses		(1,086.1	)						(1,070.8	)
Cash and due from banks		3,683.1							3,705.8
Premises and equipment		1,957.4							1,925.7
Other assets		14,708.2							14,702.1
Noninterest earning trading assets2		1,000.5							948.8
Unrealized gains on securities available for sale, net		1,965.4							1,374.6
Total assets	$	182,343.3						$	180,500.9
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing deposits:
NOW accounts	$	18,441.1		$	102.2	2.20	%	$	16,596.2		$	78.1	1.87	%
Money market accounts		23,075.7			153.1	2.63			24,267.0			171.4	2.80
Savings		5,437.0			23.6	1.73			5,591.2			24.1	1.71
Consumer time		16,682.8			180.8	4.30			16,402.5			169.8	4.11
Other time		12,338.6			148.3	4.77			11,852.2			138.1	4.62
Total interest-bearing consumer and commercial deposits		75,975.2			608.0	3.18			74,709.1			581.5	3.09
Brokered deposits		18,102.0			243.1	5.25			18,420.7			246.1	5.23
Foreign deposits		8,022.2			107.6	5.25			9,537.6			128.5	5.27
Total interest-bearing deposits		102,099.4			958.7	3.73			102,667.4			956.1	3.69
Funds purchased		5,163.4			68.8	5.21			4,206.7			56.2	5.23
Securities sold under agreements to repurchase		7,148.8			86.3	4.72			7,146.3			86.0	4.71
Other short-term borrowings		1,913.3			29.7	6.17			1,001.3			16.9	6.70
Long-term debt		17,854.2			259.9	5.78			17,735.2			258.9	5.79
Total interest-bearing liabilities		134,179.1			1,403.4	4.15			132,756.9			1,374.1	4.11
Noninterest-bearing deposits		22,577.7							22,933.4
Other liabilities		7,431.0							7,148.8
Shareholders’ equity		18,155.5							17,661.8
Total liabilities and shareholders’ equity	$	182,343.3						$	180,500.9
Interest Rate Spread						2.26	%						2.25	%
Net Interest Income - FTE1				$	1,185.2						$	1,173.9
Net Interest Margin2						2.94	%						2.93	%

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 net interest margin calculation was revised as a result of the Company segregating 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 a more reflective measure of net interest margin due to 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
	June 30, 2006							March 31, 2006							December 31, 2005
	Average Balances			Interest Income/ Expense		Yields/ Rates		Average Balances			Interest Income/ Expense		Yields/ Rates		Average Balances			Interest Income/ Expense		Yields/ Rates
ASSETS
Loans:
Real estate 1-4 family	$	34,348.0		$	515.1	6.00	%	$	31,489.6		$	456.4	5.80	%	$	29,893.4		$	422.7	5.66	%
Real estate construction		12,180.6			226.4	7.45			11,117.5			195.6	7.14			10,147.9			173.9	6.80
Real estate home equity lines		13,517.5			253.6	7.52			13,389.9			235.1	7.12			13,067.7			218.2	6.62
Real estate commercial		12,840.8			215.5	6.73			12,780.4			204.4	6.49			12,792.1			201.7	6.26
Commercial - FTE1		33,993.0			516.7	6.10			33,064.5			482.8	5.92			32,997.2			466.5	5.61
Business credit card		307.0			4.6	5.96			278.1			4.4	6.30			271.8			4.2	6.21
Consumer - direct		4,251.1			75.9	7.16			5,284.8			84.2	6.46			5,438.2			83.8	6.11
Consumer - indirect		8,385.8			117.0	5.60			8,553.0			115.2	5.46			8,899.1			122.0	5.44
Nonaccrual and restructured		320.7			3.1	3.88			304.5			4.1	5.52			320.2			3.5	4.31
Total loans		120,144.5			1,927.9	6.44			116,262.3			1,782.2	6.22			113,827.6			1,696.5	5.91
Securities available for sale:
Taxable		24,621.2			294.8	4.79			23,927.9			283.1	4.73			24,005.4			273.8	4.56
Tax-exempt - FTE1		933.6			13.7	5.85			916.5			13.4	5.85			908.1			13.3	5.87
Total securities available for sale - FTE1		25,554.8			308.5	4.83			24,844.4			296.5	4.77			24,913.5			287.1	4.61
Funds sold and securities purchased under agreements to resell		1,244.1			15.2	4.83			1,130.1			12.0	4.23			1,068.4			10.4	3.82
Loans held for sale		9,929.3			163.7	6.59			11,359.6			177.9	6.26			11,980.8			180.9	6.04
Interest-bearing deposits		27.0			0.3	4.73			293.6			2.4	3.34			31.9			0.3	3.96
Interest earning trading assets2		1,989.1			28.7	5.78			1,853.0			28.1	6.16			1,667.6			20.2	4.80
Total earning assets		158,888.8			2,444.3	6.17			155,743.0			2,299.1	5.99			153,489.8			2,195.4	5.67
Allowance for loan and lease losses		(1,050.1	)						(1,037.8	)						(1,034.8	)
Cash and due from banks		3,899.6							4,056.0							4,349.2
Premises and equipment		1,908.0							1,871.1							1,833.5
Other assets		14,660.1							14,402.6							14,370.1
Noninterest earning trading assets2		909.7							970.6							890.1
Unrealized gains on securities available for sale, net		1,528.0							1,612.8							1,871.2
Total assets	$	180,744.1						$	177,618.3						$	175,769.1
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing deposits:
NOW accounts	$	16,811.2		$	67.0	1.60	%	$	17,000.0		$	60.5	1.44	%	$	17,011.3		$	52.2	1.22	%
Money market accounts		25,091.3			163.4	2.61			25,628.4			146.6	2.32			25,797.6			128.6	1.98
Savings		5,161.0			16.2	1.26			5,291.2			15.0	1.15			5,472.9			13.7	0.99
Consumer time		15,471.7			146.7	3.80			13,894.6			117.3	3.42			13,231.5			106.8	3.20
Other time		10,779.1			114.8	4.27			9,579.6			91.7	3.88			9,050.8			82.2	3.60
Total interest-bearing consumer and commercial deposits		73,314.3			508.1	2.78			71,393.8			431.1	2.45			70,564.1			383.5	2.16
Brokered deposits		17,692.0			218.6	4.89			15,447.9			172.7	4.47			13,658.6			142.8	4.09
Foreign deposits		9,502.3			117.5	4.89			9,203.8			101.8	4.42			7,351.3			74.9	3.99
Total interest-bearing deposits		100,508.6			844.2	3.37			96,045.5			705.6	2.98			91,574.0			601.2	2.60
Funds purchased		4,402.3			54.2	4.87			3,974.9			43.8	4.40			4,742.3			47.9	3.95
Securities sold under agreements to repurchase		7,184.1			79.4	4.37			6,865.1			68.4	3.99			6,452.1			58.1	3.53
Other short-term borrowings		1,252.4			18.0	5.78			1,866.6			25.2	5.47			2,800.6			30.7	4.35
Long-term debt		18,438.0			258.5	5.62			20,413.0			256.7	5.10			21,189.9			250.4	4.69
Total interest-bearing liabilities		131,785.4			1,254.3	3.82			129,165.1			1,099.7	3.45			126,758.9			988.3	3.09
Noninterest-bearing deposits		23,858.0							23,898.6							24,693.0
Other liabilities		7,796.3							7,502.8							7,441.6
Shareholders’ equity		17,304.4							17,051.8							16,875.6
Total liabilities and shareholders’ equity	$	180,744.1						$	177,618.3						$	175,769.1
Interest Rate Spread						2.35	%						2.54	%						2.58	%
Net Interest Income - FTE1				$	1,190.0						$	1,199.4						$	1,207.1
Net Interest Margin2						3.00	%						3.12	%						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 net interest margin calculation was revised as a result of the Company segregating 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 a more reflective measure of net interest margin due to 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)

	Twelve Months Ended
	December 31, 2006							December 31, 2005
	Average Balances			Interest Income/ Expense		Yields/ Rates		Average Balances			Interest Income/ Expense		Yields/ Rates
ASSETS
Loans:
Real estate 1-4 family	$	33,523.5		$	2,022.6	6.03	%	$	26,972.2		$	1,459.4	5.41	%
Real estate construction		12,333.9			923.8	7.49			9,621.6			598.9	6.22
Real estate home equity lines		13,565.2			1,032.3	7.61			12,361.1			740.4	5.99
Real estate commercial		12,803.7			866.6	6.77			11,865.6			691.4	5.83
Commercial - FTE1		33,836.1			2,087.4	6.17			32,852.2			1,688.7	5.14
Business credit card		315.3			19.1	6.09			226.7			14.9	6.58
Consumer - direct		4,460.8			313.6	7.03			5,690.7			336.3	5.91
Consumer - indirect		8,376.6			477.6	5.70			8,833.4			476.7	5.40
Nonaccrual and restructured		430.1			16.6	3.85			318.5			13.2	4.14
Total loans		119,645.2			7,759.6	6.49			108,742.0			6,019.9	5.54
Securities available for sale:
Taxable		23,430.9			1,146.8	4.89			25,557.9			1,137.0	4.45
Tax-exempt - FTE1		954.5			55.8	5.85			868.7			51.7	5.95
Total securities available for sale - FTE1		24,385.4			1,202.6	4.93			26,426.6			1,188.7	4.50
Funds sold and securities purchased under agreement to resell		1,158.6			57.0	4.92			1,404.8			43.2	3.08
Loans held for sale		11,082.8			728.0	6.57			8,447.8			485.7	5.75
Interest-bearing deposits		93.4			3.3	3.59			25.0			0.9	3.47
Interest earning trading assets2		2,063.3			129.5	6.28			1,593.6			68.4	4.29
Total earning assets		158,428.7			9,880.0	6.24			146,639.8			7,806.8	5.32
Allowance for loan and lease losses		(1,061.3	)						(1,041.8	)
Cash and due from banks		3,834.8							4,313.4
Premises and equipment		1,915.8							1,846.6
Other assets		14,619.1							13,585.9
Noninterest earning trading assets2		957.5							795.5
Unrealized gains on securities available for sale, net		1,620.5							1,949.4
Total assets	$	180,315.1						$	168,088.8
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing deposits:
NOW accounts	$	17,214.4		$	307.8	1.79	%	$	17,213.7		$	168.9	0.98	%
Money market accounts		24,507.9			634.5	2.59			25,589.2			438.9	1.72
Savings		5,371.1			79.1	1.47			6,320.0			57.1	0.90
Consumer time		15,622.7			614.6	3.93			12,526.4			354.8	2.83
Other time		11,146.9			492.9	4.42			7,390.7			238.7	3.23
Total interest-bearing consumer and commercial deposits		73,863.0			2,128.9	2.88			69,040.0			1,258.4	1.82
Brokered deposits		17,425.7			880.5	5.05			10,182.2			354.5	3.48
Foreign deposits		9,064.5			455.3	5.02			6,869.3			220.1	3.20
Total interest-bearing deposits		100,353.2			3,464.7	3.45			86,091.5			1,833.0	2.13
Funds purchased		4,439.5			222.9	5.02			3,888.3			128.5	3.31
Securities sold under agreements to repurchase		7,087.0			320.1	4.52			6,443.0			183.7	2.85
Other short-term borrowings		1,507.1			90.0	5.96			2,663.5			94.9	3.57
Long-term debt		18,600.7			1,033.9	5.56			21,713.9			912.2	4.20
Total interest-bearing liabilities		131,987.5			5,131.6	3.89			120,800.2			3,152.3	2.61
Noninterest-bearing deposits		23,312.3							24,315.0
Other liabilities		7,468.6							6,447.3
Shareholders’ equity		17,546.7							16,526.3
Total liabilities and shareholders’ equity	$	180,315.1						$	168,088.8
Interest Rate Spread						2.35	%						2.71	%
Net Interest Income - FTE1				$	4,748.4						$	4,654.5
Net Interest Margin2						3.00	%						3.17	%

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 net interest margin calculation was revised as a result of the Company segregating 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 a more reflective measure of net interest margin due to the interest earning nature of these assets.

Page 9

SunTrust Banks, Inc. and Subsidiaries

OTHER FINANCIAL DATA

(Dollars in thousands) (Unaudited)

	Three Months Ended								Twelve Months Ended
	December 31						% Change1		December 31						% Change1
	2006			2005					2006			2005
CREDIT DATA
Allowance for loan and lease losses - beginning	$	1,087,316		$	1,029,855		5.6	%	$	1,028,128		$	1,050,024		(2.1	)%
Provision for loan losses		75,806			48,126		57.5			222,536			176,886		25.8
Charge-offs
Commercial		(59,031	)		(23,157	)	NM			(114,701	)		(111,996	)	2.4
Real estate:
Home equity lines		(11,038	)		(7,930	)	39.2			(28,816	)		(24,548	)	17.4
Construction		(1,230	)		(3,265	)	(62.3	)		(2,281	)		(6,001	)	(62.0	)
Residential mortgages		(7,806	)		(5,984	)	30.4			(29,596	)		(22,793	)	29.8
Commercial real estate		(4,256	)		(1,551	)	NM			(8,050	)		(3,097	)	NM
Consumer:
Direct		(5,924	)		(9,714	)	(39.0	)		(22,010	)		(37,199	)	(40.8	)
Indirect		(25,450	)		(28,136	)	(9.5	)		(82,315	)		(109,611	)	(24.9	)
Total charge-offs		(114,735	)		(79,737	)	43.9			(287,769	)		(315,245	)	(8.7	)
Recoveries
Commercial		6,657			9,561		(30.4	)		29,971			36,308		(17.5	)
Real estate:
Home equity lines		1,529			1,877		(18.5	)		6,840			6,163		11.0
Construction		755			90		NM			2,040			798		NM
Residential mortgages		1,686			2,409		(30.0	)		7,909			8,124		(2.6	)
Commercial real estate		1,748			369		NM			6,212			2,678		NM
Consumer:
Direct		2,805			3,559		(21.2	)		12,126			13,509		(10.2	)
Indirect		9,754			12,019		(18.8	)		45,328			48,883		(7.3	)
Total recoveries		24,934			29,884		(16.6	)		110,426			116,463		(5.2	)
Net charge-offs		(89,801	)		(49,853	)	80.1			(177,343	)		(198,782	)	(10.8	)
Allowance for loan and lease losses - ending	$	1,073,321		$	1,028,128		4.4		$	1,073,321		$	1,028,128		4.4
Net charge-offs to average loans (annualized)
Commercial		0.60	%		0.16	%	NM	%		0.25	%		0.23	%	8.4	%
Real estate:
Home equity lines		0.27			0.18		52.7			0.16			0.15		8.0
Construction		0.01			0.12		(88.1	)		—			0.05		(100.0	)
Residential mortgages		0.07			0.05		40.2			0.06			0.05		28.6
Commercial real estate		0.08			0.04		NM			0.01			—		100.0
Consumer:
Direct		0.30			0.45		(33.1	)		0.22			0.42		(47.2	)
Indirect		0.75			0.72		4.8			0.44			0.68		(35.2	)
Total net charge-offs to total average loans		0.29	%		0.17	%	70.6	%		0.15	%		0.18	%	(16.7	)%
Period Ended
Nonaccrual loans
Commercial	$	237,269		$	70,880		NM	%
Real estate:
Construction		38,646			24,442		58.1
Residential mortgages		286,676			103,317		NM
Commercial real estate		55,365			44,603		24.1
Consumer loans		16,302			28,732		(43.3	)
Total nonaccrual loans		634,258			271,974		NM
Restructured loans		27,993			24,399		14.7
Total nonperforming loans		662,251			296,373		NM
Other real estate owned (OREO)		55,460			30,682		80.8
Other repossessed assets		6,617			7,160		(7.6	)
Total nonperforming assets	$	724,328		$	334,215		NM
Total accruing loans past due 90 days or more	$	351,515		$	371,491		(5.4	)%
Total nonperforming loans to total loans		0.55	%		0.26	%	NM	%
Total nonperforming assets to total loans plus OREO and other repossessed assets		0.60			0.29		NM
Allowance to period-end loans		0.88			0.90		(2.2	)
Allowance to nonperforming loans		162.1			346.9		(53.4	)

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

Page 10

SunTrust Banks, Inc. and Subsidiaries

FIVE QUARTER OTHER FINANCIAL DATA

(Dollars in thousands) (Unaudited)

	Three Months Ended
	December 31 2006			September 30 2006			% Change 1		June 30 2006			March 31 2006			December 31 2005
CREDIT DATA
Allowance for loan and lease losses - beginning	$	1,087,316		$	1,061,862		2.4	%	$	1,039,247		$	1,028,128		$	1,029,855
Provision for loan losses		75,806			61,568		23.1			51,759			33,403			48,126
Charge-offs
Commercial		(59,031	)		(23,062	)	NM			(19,155	)		(13,453	)		(23,157	)
Real estate:
Home equity lines		(11,038	)		(6,460	)	70.9			(5,534	)		(5,784	)		(7,930	)
Construction		(1,230	)		(814	)	51.1			(109	)		(128	)		(3,265	)
Residential mortgages		(7,806	)		(9,113	)	(14.3	)		(6,373	)		(6,304	)		(5,984	)
Commercial real estate		(4,256	)		(487	)	NM			(2,346	)		(961	)		(1,551	)
Consumer:
Direct		(5,924	)		(4,544	)	30.4			(5,408	)		(6,134	)		(9,714	)
Indirect		(25,450	)		(18,639	)	36.5			(16,724	)		(21,502	)		(28,136	)
Total charge-offs		(114,735	)		(63,119	)	81.8			(55,649	)		(54,266	)		(79,737	)
Recoveries
Commercial		6,657			9,636		(30.9	)		6,595			7,083			9,561
Real estate:
Home equity lines		1,529			1,618		(5.5	)		1,743			1,950			1,877
Construction		755			520		45.2			711			54			90
Residential mortgages		1,686			1,831		(7.9	)		2,123			2,269			2,409
Commercial real estate		1,748			475		NM			595			3,394			369
Consumer:
Direct		2,805			2,713		3.4			3,014			3,594			3,559
Indirect		9,754			10,212		(4.5	)		11,724			13,638			12,019
Total recoveries		24,934			27,005		(7.7	)		26,505			31,982			29,884
Net charge-offs		(89,801	)		(36,114	)	NM			(29,144	)		(22,284	)		(49,853	)
Allowance for loan and lease losses - ending	$	1,073,321		$	1,087,316		(1.3	)	$	1,061,862		$	1,039,247		$	1,028,128
Net charge-offs to average loans (annualized)
Commercial		0.60	%		0.15	%	NM	%		0.15	%		0.08	%		0.16	%
Real estate:
Home equity lines		0.27			0.14		96.4			0.11			0.12			0.18
Construction		0.01			0.01		—			(0.02	)		—			0.12
Residential mortgages		0.07			0.08		(12.4	)		0.05			0.05			0.05
Commercial real estate		0.08			—		100.0			0.05			(0.08	)		0.04
Consumer:
Direct		0.30			0.17		76.8			0.23			0.19			0.45
Indirect		0.75			0.40		88.7			0.24			0.37			0.72
Total net charge-offs to total average loans		0.29	%		0.12	%	NM	%		0.10	%		0.08	%		0.17	%
Period Ended
Nonaccrual loans
Commercial	$	237,269		$	263,684		(10.0	)%	$	69,184		$	52,911		$	70,880
Real estate:
Construction		38,646			26,508		45.8			21,743			28,130			24,442
Residential mortgages		286,676			189,218		51.5			136,101			115,800			103,317
Commercial real estate		55,365			54,394		1.8			53,081			45,626			44,603
Consumer loans		16,302			22,685		(28.1	)		18,861			20,327			28,732
Total nonaccrual loans		634,258			556,489		14.0			298,970			262,794			271,974
Restructured loans		27,993			28,934		(3.3	)		28,292			26,949			24,399
Total nonperforming loans		662,251			585,423		13.1			327,262			289,743			296,373
Other real estate owned (OREO)		55,460			41,690		33.0			35,576			38,920			30,682
Other repossessed assets		6,617			6,670		(0.8	)		6,953			5,652			7,160
Total nonperforming assets	$	724,328		$	633,783		14.3		$	369,791		$	334,315		$	334,215
Total accruing loans past due 90 days or more	$	351,515		$	301,878		16.4	%	$	284,938		$	399,462		$	371,491
Total nonperforming loans to total loans		0.55	%		0.48	%	14.6	%		0.27	%		0.25	%		0.26	%
Total nonperforming assets to total loans plus OREO and other repossessed assets		0.60			0.52		15.4			0.31			0.28			0.29
Allowance to period-end loans		0.88			0.90		(2.2	)		0.88			0.88			0.90
Allowance to nonperforming loans		162.1			185.7		(12.7	)		324.5			358.7			346.9

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

Page 11

SunTrust Banks, Inc. and Subsidiaries

OTHER FINANCIAL DATA (continued)

(Dollars and shares in thousands, except per share data) (Unaudited)

	Three Months Ended December 31												Twelve Months Ended December 31
	Core Deposit Intangible			Mortgage Servicing Rights			Other			Total			Core Deposit Intangible			Mortgage Servicing Rights			Other			Total
OTHER INTANGIBLE ASSET ROLLFORWARD
Balance, beginning of period	$	348,018		$	613,467		$	151,388		$	1,112,873		$	424,143		$	482,392		$	154,916		$	1,061,451
Amortization		(23,275	)		(42,643	)		(4,918	)		(70,836	)		(99,400	)		(166,482	)		(19,565	)		(285,447	)
Servicing rights originated		—			86,780			—			86,780			—			341,694			—			341,694
Lighthouse Partners client relationships and noncompete agreements		—			—			—			—			—			—			11,119			11,119
Sale of Carswell of Carolina, Inc.		—			—			(5,850	)		(5,850	)		—			—			(5,850	)		(5,850	)
Balance, December 31, 2005	$	324,743		$	657,604		$	140,620		$	1,122,967		$	324,743		$	657,604		$	140,620		$	1,122,967
Balance, beginning of period	$	261,161		$	724,323		$	134,618		$	1,120,102		$	324,743		$	657,604		$	140,620		$	1,122,967
Amortization		(19,547	)		(55,652	)		(4,757	)		(79,956	)		(84,214	)		(195,627	)		(19,012	)		(298,853	)
Servicing rights originated		—			141,897			—			141,897			—			503,801			—			503,801
Community Bank of Florida branch acquisition		—			—			—			—			1,085			—			—			1,085
Reclass to trading assets		—			—			—			—			—			—			(1,050	)		(1,050	)
Purchase of AMA, LLC minority shares		—			—			—			—			—			—			5,072			5,072
Sale/securitization of mortgage servicing rights		—			(59	)		—			(59	)		—			(155,269	)		—			(155,269	)
Issuance of noncompete agreement		—			—			—			—			—			—			4,231			4,231
Balance, December 31, 2006	$	241,614		$	810,509		$	129,861		$	1,181,984		$	241,614		$	810,509		$	129,861		$	1,181,984

	Three Months Ended
	December 31 2006			September 30 2006			June 30 2006		March 31 2006			December 31 2005
COMMON SHARE ROLLFORWARD
Beginning balance		363,868			364,129			363,339		361,984			361,248
Acquisition and contingent consideration		—			—			—		203			—
Common shares issued/exchanged for employee benefit plans, stock option, performance stock and restricted stock activity		961			1,379			790		2,687			736
Acquisition of treasury stock		(9,926	)		(1,640	)		—		(1,535	)		—
Ending balance		354,903			363,868			364,129		363,339			361,984
COMMON STOCK REPURCHASE ACTIVITY
Number of common shares repurchased 1		9,962			1,660			29		1,564			18
Average price per share of repurchased common shares	$	77.76		$	76.69		$	75.73	$	70.82		$	73.67
Total cost to acquire treasury shares	$	870,669		$	125,752		$	—	$	108,622		$	—
Maximum number of common shares that may yet be purchased under plans or programs 2		8,360			8,360			10,000		10,000			3,253

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.

² This figure does not include a Board authorization in August 2006 to purchase the greater of $1,000,000,000 or 13,333,334 shares of the Company’s common stock, of which authority the Company has used $870,669,000 to repurchase 9,962,000 shares.

Page 12

SunTrust Banks, Inc. and Subsidiaries

RECONCILEMENT OF NON-GAAP MEASURES

APPENDIX A TO THE EARNINGS RELEASE

(Dollars in thousands) (Unaudited)

	Three Months Ended															Twelve Months Ended
	December 31 2006			September 30 2006			June 30 2006			March 31 2006			December 31 2005			December 31 2006			December 31 2005
NON-GAAP MEASURES PRESENTED IN THE EARNINGS RELEASE
Net income	$	531,366		$	535,588		$	544,002		$	531,527		$	518,471		$	2,142,483		$	1,987,239
Securities (gains)/losses, net of tax		(21,934	)		56,926			(3,632	)		(64	)		(372	)		31,296			4,436
Net income excluding net securities gains and losses		509,432			592,514			540,370			531,463			518,099			2,173,779			1,991,675
The Coca-Cola Company dividend, net of tax		(13,316	)		(13,317	)		(13,316	)		(13,317	)		(12,027	)		(53,267	)		(48,112	)
Net income excluding net securities (gains)/losses and The Coca-Cola Company dividend		496,116			579,197			527,054			518,146			506,072			2,120,512			1,943,563
Preferred dividends		7,729			—			—			—			—			7,729			—
Net income available to common shareholders excluding net securities (gains)/losses and The Coca-Cola Company dividend	$	488,387		$	579,197		$	527,054		$	518,146		$	506,072		$	2,112,783		$	1,943,563
Total average assets	$	182,343,274		$	180,500,921		$	180,744,146		$	177,618,283		$	175,769,140		$	180,315,146		$	168,088,771
Average net unrealized securities gains		(1,965,367	)		(1,374,648	)		(1,528,041	)		(1,612,808	)		(1,871,230	)		(1,620,509	)		(1,949,436	)
Average assets less net unrealized securities gains	$	180,377,907		$	179,126,273		$	179,216,105		$	176,005,475		$	173,897,910		$	178,694,637		$	166,139,335
Total average common shareholders’ equity		17,655,469			17,558,581			17,304,451			17,051,805			16,875,645		$	17,394,685			16,526,282
Average accumulated other comprehensive income		(1,202,004	)		(821,317	)		(915,885	)		(963,683	)		(1,126,701	)		(975,952	)		(1,220,508	)
Total average realized common shareholders’ equity	$	16,453,465		$	16,737,264		$	16,388,566		$	16,088,122		$	15,748,944		$	16,418,733			15,305,774
Return on average total assets		1.16	%		1.18	%		1.21	%		1.21	%		1.17	%		1.19	%		1.18	%
Impact of excluding net realized and unrealized securities (gains)/losses and The Coca-Cola Company dividend		(0.07	)		0.10			(0.03	)		(0.02	)		(0.02	)		0.00			(0.01	)
Return on average total assets less net unrealized securities gains 1		1.09	%		1.28	%		1.18	%		1.19	%		1.15	%		1.19	%		1.17	%
Return on average common shareholders’ equity		11.77	%		12.10	%		12.61	%		12.64	%		12.19	%		12.27	%		12.02	%
Impact of excluding net realized and unrealized securities (gains)/ losses and The Coca-Cola Company dividend		0.01			1.63			0.29			0.42			0.56			0.60			0.68
Return on average realized common shareholders’ equity 2		11.78	%		13.73	%		12.90	%		13.06	%		12.75	%		12.87	%		12.70	%
Efficiency ratio 3		59.67	%		59.30	%		58.78	%		59.80	%		60.20	%		59.39	%		60.06	%
Impact of excluding amortization of intangible assets		(1.18	)		(1.27	)		(1.25	)		(1.33	)		(1.41	)		(1.26	)		(1.52	)
Tangible efficiency ratio 4		58.49	%		58.03	%		57.53	%		58.47	%		58.79	%		58.13	%		58.54	%
Total shareholders’ equity	$	17,838,618		$	18,589,307		$	17,423,920		$	17,157,448		$	16,887,395
Goodwill		(6,889,860	)		(6,903,001	)		(6,900,222	)		(6,897,105	)		(6,835,168	)
Other intangible assets including mortgage servicing rights (“MSRs”)		(1,181,984	)		(1,120,102	)		(1,141,346	)		(1,123,463	)		(1,122,967	)
Mortgage servicing rights		810,510			724,323			720,374			680,837			657,604
Tangible equity	$	10,577,284		$	11,290,527		$	10,102,726		$	9,817,717		$	9,586,864
Total assets	$	182,201,609		$	183,104,553		$	181,143,444		$	178,876,476		$	179,712,841
Goodwill		(6,889,860	)		(6,903,001	)		(6,900,222	)		(6,897,105	)		(6,835,168	)
Other intangible assets including MSRs		(1,181,984	)		(1,120,102	)		(1,141,346	)		(1,123,463	)		(1,122,967	)
Mortgage servicing rights		810,510			724,323			720,374			680,837			657,604
Tangible assets	$	174,940,275		$	175,805,773		$	173,822,250		$	171,536,745		$	172,412,310
Tangible equity to tangible assets 5		6.05	%		6.42	%		5.81	%		5.72	%		5.56	%
Noninterest income	$	882,566		$	858,931		$	875,369		$	851,506		$	797,923		$	3,468,372		$	3,155,044
Net securities (gains)/losses		(35,377	)		91,816			(5,858	)		(104	)		(600	)		50,477			7,155
Net gain on sale of RCM assets		—			—			—			—			—			—			(23,382	)
Net gain on sale of Bond Trustee business		—			(112,759	)		—			—			—			(112,759	)		—
Total noninterest income excluding net securities (gains)/losses, net gain on sale of RCM assets and net gain on sale of Bond Trustee business 6	$	847,189		$	837,988		$	869,511		$	851,402		$	797,323		$	3,406,090		$	3,138,817
Net interest income	$	1,161,289		$	1,151,392		$	1,168,743		$	1,179,041		$	1,187,036		$	4,660,465		$	4,578,966
Taxable-equivalent adjustment		23,877			22,468			21,283			20,338			20,025			87,966			75,492
Net interest income - FTE		1,185,166			1,173,860			1,190,026			1,199,379			1,207,061			4,748,431			4,654,458
Noninterest income		882,566			858,931			875,369			851,506			797,923			3,468,372			3,155,044
Total revenue - FTE		2,067,732			2,032,791			2,065,395			2,050,885			2,004,984			8,216,803			7,809,502
Net securities (gains)/losses		(35,377	)		91,816			(5,858	)		(104	)		(600	)		50,477			7,155
Net gain on sale of RCM assets		—			—			—			—			—			—			(23,382	)
Net gain on sale of Bond Trustee business		—			(112,759	)		—			—			—			(112,759	)		—
Total revenue - FTE excluding net securities (gains)/losses, net gain on sale of RCM assets and net gain on sale of Bond Trustee business 6	$	2,032,355		$	2,011,848		$	2,059,537		$	2,050,781		$	2,004,384		$	8,154,521		$	7,793,275

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 48.2 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 believes that the return on average realized common shareholders’ equity is more indicative of the Company’s return on equity because the excluded equity relates primarily to the long term holding of a specific security. The return on average realized common shareholders’ equity is computed by dividing annualized net income available to common shareholders, excluding securities gains/losses and The Coca -Cola Company dividend, by average realized common 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-FTE excluding realized net securities gains/losses, the net gain on the sale of RCM assets and the net gain on the sale of the Bond Trustee business. The Company believes total noninterest income and total revenue-FTE without net 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 and the net gain on the sale of the Bond Trustee business because the Company believes the exclusion of the net gains are more indicative of normalized operations.

Page 13

SunTrust Banks, Inc. and Subsidiaries

RECONCILEMENT OF NON-GAAP MEASURES

APPENDIX A TO THE EARNINGS RELEASE, continued

(Dollars in thousands) (Unaudited)

	Three Months Ended															Twelve Months Ended
	December 31 2006			September 30 2006			June 30 2006			March 31 2006			December 31 2005			December 31 2006			December 31 2005
SELECTED NON-GAAP MEASURES PRESENTED IN THE EARNINGS RELEASE 1
Noninterest expense	$	1,233,777		$	1,205,499		$	1,214,093		$	1,226,491		$	1,206,927		$	4,879,860		$	4,690,729
Merger expense		—			—			—			—			(6,538	)		—			(98,642	)
Loss on extinguishment of debt		(11,665	)		—			—			—			—			(11,665	)		—
Noninterest expense excluding merger expense and loss on extinguishment of debt		1,222,112			1,205,499			1,214,093			1,226,491			1,200,389			4,868,195			4,592,087
Amortization of intangible assets		(24,304	)		(25,792	)		(25,885	)		(27,245	)		(28,192	)		(103,226	)		(118,964	)
Noninterest expense excluding merger expense, loss on extinguishment of debt and amortization of intangible assets	$	1,197,808		$	1,179,707		$	1,188,208		$	1,199,246		$	1,172,197		$	4,764,969		$	4,473,123
Return on average total assets		1.16	%		1.18	%		1.21	%		1.21	%		1.17	%		1.19	%		1.18	%
Impact of excluding merger expense		—			—			—			—			0.01			—			0.04
Impact of excluding loss on extinguishment of debt		0.02			—			—			—			—			—			—
Return on average total assets excluding merger expense and loss on extinguishment of debt 2		1.18	%		1.18	%		1.21	%		1.21	%		1.18	%		1.19	%		1.22	%
Return on average common shareholders’ equity		11.77	%		12.10	%		12.61	%		12.64	%		12.19	%		12.27	%		12.02	%
Impact of excluding merger expense		—			—			—			—			0.09			—			0.37
Impact of excluding loss on extinguishment of debt		0.26			—			—			—			—			0.07			—
Return on average common shareholders’ equity excluding merger expense and loss on extinguishment of debt 3		12.03	%		12.10	%		12.61	%		12.64	%		12.28	%		12.34	%		12.39	%
Efficiency ratio 4		59.67	%		59.30	%		58.78	%		59.80	%		60.20	%		59.39	%		60.06	%
Impact of excluding merger expense		—			—			—			—			(0.33	)		—			(1.26	)
Impact of excluding loss on extinguishment of debt		(1.75	)		—			—			—			—			(1.40	)
Efficiency ratio excluding merger expense and loss on extinguishment of debt		57.93	%		59.30	%		58.78	%		59.80	%		59.87	%		57.99	%		58.80	%
Tangible efficiency ratio 5		58.49	%		58.03	%		57.53	%		58.47	%		58.79	%		58.13	%		58.54	%
Impact of excluding merger expense		—			—			—			—			(0.33	)		—			(1.26	)
Impact of excluding loss on extinguishment of debt		(0.56	)		—			—			—			—			(0.14	)		—
Tangible efficiency ratio excluding merger expense and loss on extinguishment of debt		57.93	%		58.03	%		57.53	%		58.47	%		58.79	%		57.99	%		57.28	%

First six months compared to last six months

	First Six Months Ended June 30			% Change		Last Six Months Ended December 31				% Change
	2006	2005				2006		2005
Noninterest expense	2,440,584	2,306,731		5.80		2,439,276		2,383,998		2.32
Merger expense	—	(80,000	)	(100.00	)	—		(18,642	)	(100.00	)
Loss on extinguishment of debt	—	—		—		(11,665	)	—		100.00
Noninterest expense before merger expense and loss on extinguishment of debt	2,440,584	2,226,731		9.60		2,427,611		2,365,356		2.63

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 loss on extinguishment of debt and amortization of intangible assets. The Company believes the exclusion of these measures is more reflective of normalized operations. Management believes it is more indicative of the Company’s performance because it isolates income that is primarily customer relationship and customer transaction driven.

² Computed by dividing annualized net income excluding merger expense and loss on extinguishment of debt by average total assets.

³ Computed by dividing annualized net income available to common shareholders excluding merger expense and loss on extinguishment of debt by average common 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 EARNINGS RELEASE (UNAUDITED)

	Three Months Ended
	December 31 2006			September 30 2006			Increase/(Decrease)					Sequential Annualized 2 %		December 31 2006			December 31 2005			Increase/(Decrease)
							Amount			%										Amount			%
STATEMENTS OF INCOME (Dollars in thousands)
NET INTEREST INCOME	$	1,161,289		$	1,151,392		$	9,897		0.9	%	3.4	%	$	1,161,289		$	1,187,036		$	(25,747	)	(2.2	)%
Provision for loan losses		75,806			61,568			14,238		23.1		92.5			75,806			48,126			27,680		57.5
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES		1,085,483			1,089,824			(4,341	)	(0.4	)	(1.6	)		1,085,483			1,138,910			(53,427	)	(4.7	)
NONINTEREST INCOME
Service charges on deposit accounts		191,628			194,262			(2,634	)	(1.4	)	(5.4	)		191,628			196,792			(5,164	)	(2.6	)
Trust and investment management income		169,248			173,717			(4,469	)	(2.6	)	(10.3	)		169,248			172,900			(3,652	)	(2.1	)
Retail investment services		65,000			55,544			9,456		17.0		68.1			65,000			53,250			11,750		22.1
Other charges and fees		122,386			113,347			9,039		8.0		31.9			122,386			115,507			6,879		6.0
Investment banking income		71,211			47,046			24,165		51.4		NM			71,211			59,727			11,484		19.2
Trading account profits and commissions		9,586			20,404			(10,818	)	(53.0	)	NM			9,586			27,418			(17,832	)	(65.0	)
Card fees		64,187			64,916			(729	)	(1.1	)	(4.5	)		64,187			57,688			6,499		11.3
Mortgage production related income		47,476			50,336			(2,860	)	(5.7	)	(22.7	)		47,476			34,817			12,659		36.4
Mortgage servicing related income		8,994			36,633			(27,639	)	(75.4	)	NM			8,994			13,519			(4,525	)	(33.5	)
Other noninterest income		97,473			81,783			15,690		19.2		76.7			97,473			65,705			31,768		48.3
Noninterest income before net securities gains/(losses) and net gain on sale of Bond Trustee business 1		847,189			837,988			9,201		1.1		4.4			847,189			797,323			49,866		6.3
Net gain on sale of Bond Trustee business		—			112,759			(112,759	)	(100.0	)	NM			—			—			—		—
Noninterest income before net securities gains/(losses)1		847,189			950,747			(103,558	)	(10.9	)	(43.6	)		847,189			797,323			49,866		6.3
Net securities gains/(losses)		35,377			(91,816	)		127,193		NM		NM			35,377			600			34,777		NM
Total noninterest income		882,566			858,931			23,635		2.8		11.0			882,566			797,923			84,643		10.6
NONINTEREST EXPENSE
Employee compensation and benefits		657,093			674,322			(17,229	)	(2.6	)	(10.2	)		657,093			643,801			13,292		2.1
Net occupancy expense		85,846			85,613			233		0.3		1.1			85,846			83,217			2,629		3.2
Outside processing and software		101,538			98,699			2,839		2.9		11.5			101,538			92,305			9,233		10.0
Equipment expense		49,234			50,249			(1,015	)	(2.0	)	(8.1	)		49,234			49,494			(260	)	(0.5	)
Marketing and customer development		45,249			35,932			9,317		25.9		NM			45,249			50,133			(4,884	)	(9.7	)
Amortization of intangible assets		24,304			25,792			(1,488	)	(5.8	)	(23.1	)		24,304			28,192			(3,888	)	(13.8	)
Other noninterest expense		258,848			234,892			23,956		10.2		40.8			258,848			253,247			5,601		2.2
Noninterest expense before merger expense and loss on extinguishment of debt		1,222,112			1,205,499			16,613		1.4		5.5			1,222,112			1,200,389			21,723		1.8
Merger expense		—			—			—		—		—			—			6,538			(6,538	)	(100.0	)
Loss on extinguishment of debt		11,665			—			11,665		100.0		NM			11,665			—			11,665		100.0
Total noninterest expense		1,233,777			1,205,499			28,278		2.3		9.4			1,233,777			1,206,927			26,850		2.2
INCOME BEFORE INCOME TAXES		734,272			743,256			(8,984	)	(1.2	)	(4.8	)		734,272			729,906			4,366		0.6
Provision for income taxes		202,906			207,668			(4,762	)	(2.3	)	(9.2	)		202,906			211,435			(8,529	)	(4.0	)
NET INCOME		531,366			535,588			(4,222	)	(0.8	)	(3.2	)		531,366			518,471			12,895		2.5
Preferred dividends		7,729			—			7,729		100.0		NM			7,729			—			7,729		100.0
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS		523,637			535,588			(11,951	)	(2.2	)	(8.9	)		523,637			518,471			5,166		1.0
Merger expense, net of tax		—			—			—		—		—			—			4,053			(4,053	)	(100.0	)
Net securities (gains)/losses, net of tax		(21,934	)		56,926			(78,860	)	NM		NM			(21,934	)		(372	)		(21,562	)	NM
Net gain on sale of Bond Trustee business, net of tax		—			(69,911	)		69,911		100.0		NM			—			—			—		—
Loss on extinguishment of debt, net of tax		7,232			—			7,232		100.0		NM			7,232			—			7,232		—
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS EXCLUDING MERGER EXPENSE, NET SECURITIES (GAINS)/LOSSES, NET GAIN ON SALE OF BOND TRUSTEE BUSINESS AND LOSS ON EXTINGUISHMENT OF DEBT 1	$	508,935		$	522,603		$	(13,668	)	(2.6	)%	(10.5	)%	$	508,935		$	522,152		$	(13,217	)	(2.5	)%
REVENUE (Dollars in thousands)
Net interest income	$	1,161,289		$	1,151,392		$	9,897		0.9	%	3.4	%	$	1,161,289		$	1,187,036		$	(25,747	)	(2.2	)%
Taxable-equivalent adjustment		23,877			22,468			1,409		6.3		25.1			23,877			20,025			3,852		19.2
Net interest income - FTE		1,185,166			1,173,860			11,306		1.0		3.9			1,185,166			1,207,061			(21,895	)	(1.8	)
Noninterest income		882,566			858,931			23,635		2.8		11.0			882,566			797,923			84,643		10.6
Total revenue - FTE		2,067,732			2,032,791			34,941		1.7		6.9			2,067,732			2,004,984			62,748		3.1
Net securities (gains)/losses		(35,377	)		91,816			(127,193	)	NM		NM			(35,377	)		(600	)		(34,777	)	NM
Total revenue - FTE excluding net securities (gains)/losses		2,032,355			2,124,607			(92,252	)	(4.3	)	(17.4	)		2,032,355			2,004,384			27,971		1.4
Net gain on sale of Bond Trustee business		—			(112,759	)		112,759		100.0		NM			—			—			—		—
Total revenue - FTE excluding net securities (gains)/losses and net gain on sale of Bond Trustee business	$	2,032,355		$	2,011,848		$	20,507		1.0	%	4.1	%	$	2,032,355		$	2,004,384		$	27,971		1.4	%
SELECTED AVERAGE BALANCES (Dollars in millions)
Average loans
Commercial	$	33,965		$	34,307		$	(342	)	(1.0	)%	(4.0	)%	$	33,965		$	32,997		$	968		2.9	%
Real estate home equity lines		13,723			13,626			97		0.7		2.8			13,723			13,068			655		5.0
Real estate construction		13,204			12,806			398		3.1		12.4			13,204			10,148			3,056		30.1
Real estate 1-4 family		34,345			33,876			469		1.4		5.5			34,345			29,894			4,451		14.9
Real estate commercial		12,785			12,808			(23	)	(0.2	)	(0.7	)		12,785			12,792			(7	)	(0.1	)
Business credit card		352			324			28		8.5		34.4			352			272			80		29.1
Consumer - direct		4,116			4,207			(91	)	(2.2	)	(8.5	)		4,116			5,438			(1,322	)	(24.3	)
Consumer - indirect		8,232			8,339			(107	)	(1.3	)	(5.1	)		8,232			8,899			(667	)	(7.5	)
Nonaccrual and restructured		642			449			193		42.8		NM			642			320			322		NM
Total loans	$	121,364		$	120,742		$	622		0.5	%	2.1	%	$	121,364		$	113,828		$	7,536		6.6	%
Average deposits
Noninterest bearing deposits	$	22,578		$	22,934		$	(356	)	(1.6	)%	(6.2	)%	$	22,578		$	24,693		$	(2,115	)	(8.6	)%
NOW accounts		18,441			16,596			1,845		11.1		44.5			18,441			17,011			1,430		8.4
Money market accounts		23,076			24,267			(1,191	)	(4.9	)	(19.6	)		23,076			25,798			(2,722	)	(10.6	)
Savings		5,437			5,591			(154	)	(2.8	)	(11.0	)		5,437			5,473			(36	)	(0.7	)
Consumer and other time		29,021			28,255			766		2.7		10.8			29,021			22,282			6,739		30.2
Total consumer and commercial deposits		98,553			97,643			910		0.9		3.7			98,553			95,257			3,296		3.5
Brokered and foreign deposits		26,124			27,958			(1,834	)	(6.6	)	(26.2	)		26,124			21,010			5,114		24.3
Total deposits	$	124,677		$	125,601		$	(924	)	(0.7	)%	(2.9	)%	$	124,677		$	116,267		$	8,410		7.2	%
SELECTED CREDIT DATA (Dollars in thousands)
Nonaccrual loans	$	634,258		$	556,489		$	77,769		14.0	%	55.9	%	$	634,258		$	271,974		$	362,284		NM	%
Restructured loans		27,993			28,934			(941	)	(3.3	)	(13.0	)		27,993			24,399			3,594		14.7
Total nonperforming loans		662,251			585,423			76,828		13.1		NM			662,251			296,373			365,878		NM
Other real estate owned (OREO)		55,460			41,690			13,770		33.0		NM			55,460			30,682			24,778		80.8
Other repossessed assets		6,617			6,670			(53	)	(0.8	)	(3.2	)		6,617			7,160			(543	)	(7.6	)
Total nonperforming assets	$	724,328		$	633,783		$	90,545		14.3	%	57.1	%	$	724,328		$	334,215		$	390,113		NM	%
Allowance for loan and lease losses	$	1,073,321		$	1,087,316		$	(13,995	)	(1.3	)%	(5.1	)%	$	1,073,321		$	1,028,128		$	45,193		4.4	%

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 selected financial data excluding net securities gains/(losses). The Company believes the exclusion of net 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 the Bond Trustee business and the loss on extinguishment of debt because the Company believes the exclusion of these items provides better comparability and is more indicative of normalized operations.

² 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 EARNINGS RELEASE, continued (UNAUDITED)

	Twelve Months Ended
	December 31 2006			December 31 2005			Increase/(Decrease)
							Amount			%1
STATEMENTS OF INCOME (Dollars in thousands)
NET INTEREST INCOME	$	4,660,465		$	4,578,966		$	81,499		1.8	%
Provision for loan losses		222,536			176,886			45,650		25.8
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES		4,437,929			4,402,080			35,849		0.8
NONINTEREST INCOME
Service charges on deposit accounts		763,720			772,519			(8,799	)	(1.1	)
Trust and investment management income		686,865			673,720			13,145		2.0
Retail investment services		233,974			213,274			20,700		9.7
Other charges and fees		462,063			456,481			5,582		1.2
Investment banking income		230,553			216,530			14,023		6.5
Trading account profits and commissions		113,047			145,120			(32,073	)	(22.1	)
Card fees		247,647			210,779			36,868		17.5
Mortgage production related income		217,428			144,885			72,543		50.1
Mortgage servicing related income		121,738			41,856			79,882		NM
Other noninterest income		329,055			263,653			65,402		24.8
Noninterest income before net securities gains/(losses), net gain on sale of RCM assets and net gain on sale of Bond Trustee business2		3,406,090			3,138,817			267,273		8.5
Net gain on sale of RCM assets		—			23,382			(23,382	)	(100.0	)
Net gain on sale of Bond Trustee business		112,759			—			112,759		100.0
Noninterest income before net securities gains/(losses)2		3,518,849			3,162,199			356,650		11.3
Net securities gains/(losses)		(50,477	)		(7,155	)		(43,322	)	NM
Total noninterest income		3,468,372			3,155,044			313,328		9.9
NONINTEREST EXPENSE
Employee compensation and benefits		2,725,453			2,534,211			191,242		7.5
Net occupancy expense		334,213			312,070			22,143		7.1
Outside processing and software		393,576			357,387			36,189		10.1
Equipment expense		197,038			204,038			(7,000	)	(3.4	)
Marketing and customer development		173,205			156,711			16,494		10.5
Amortization of intangible assets		103,226			118,964			(15,738	)	(13.2	)
Other noninterest expense		941,484			908,706			32,778		3.6
Noninterest expense before merger expense and loss on extinguishment of debt		4,868,195			4,592,087			276,108		6.0
Merger expense		—			98,642			(98,642	)	(100.0	)
Loss on extinguishment of debt		11,665			—			11,665		100.0
Total noninterest expense		4,879,860			4,690,729			189,131		4.0
INCOME BEFORE INCOME TAXES		3,026,441			2,866,395			160,046		5.6
Provision for income taxes		883,958			879,156			4,802		0.5
NET INCOME		2,142,483			1,987,239			155,244		7.8
Preferred dividends		7,729			—			7,729		100.0
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS		2,134,754			1,987,239			147,515		7.4
Merger expense, net of tax		—			61,158			(61,158	)	(100.0	)
Net gain on sale of RCM assets, net of tax		—			(14,497	)		(14,497	)	(100.0	)
Net securities (gains)/losses, net of tax		31,296			4,436			26,860		NM
Net gain on sale of Bond Trustee business, net of tax		(69,911	)		—			69,911		(100.0	)
Loss on extinguishment of debt, net of tax		7,232			—			(7,232	)	100.0
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS EXCLUDING MERGER EXPENSE, NET GAIN ON SALE OF RCM ASSETS, NET SECURITIES (GAINS)/LOSSES, NET GAIN ON SALE OF BOND TRUSTEE BUSINESS AND LOSS ON EXTINGUISHMENT OF DEBT2	$	2,103,371			2,038,336		$	65,035		3.2	%
REVENUE (Dollars in thousands)
Net interest income	$	4,660,465		$	4,578,966		$	81,499		1.8	%
Taxable-equivalent adjustment		87,966			75,492			12,474		16.5
Net interest income - FTE		4,748,431			4,654,458			93,973		2.0
Noninterest income		3,468,372			3,155,044			313,328		9.9
Total revenue - FTE		8,216,803			7,809,502			407,301		5.2
Net securities (gains)/losses		50,477			7,155			(43,322	)	NM
Total revenue - FTE excluding net securities (gains)/losses		8,267,280			7,816,657			450,623		5.8
Net gain on sale of RCM assets		—			(23,382	)		23,382		100.0
Net gain on sale of Bond Trustee business		(112,759	)		—			(112,759	)	(100.0	)
Total revenue - FTE excluding net securities (gains)/losses, net gain on sale of RCM assets and net gain on sale of Bond Trustee business	$	8,154,521		$	7,793,275		$	361,246		4.6	%
SELECTED AVERAGE BALANCES (Dollars in millions)
Average loans
Commercial	$	33,836		$	32,852		$	984		3.0	%
Real estate home equity lines		13,565			12,361			1,204		9.7
Real estate construction		12,334			9,622			2,712		28.2
Real estate 1-4 family		33,524			26,972			6,552		24.3
Real estate commercial		12,804			11,866			938		7.9
Business credit card		315			227			88		38.6
Consumer - direct		4,461			5,691			(1,230	)	(21.6	)
Consumer - indirect		8,376			8,833			(457	)	(5.2	)
Nonaccrual and restructured		430			318			112		35.0
Total loans	$	119,645		$	108,742		$	10,903		10.0	%
Average deposits
Noninterest bearing deposits	$	23,312		$	24,315		$	(1,003	)	(4.1	)%
NOW accounts		17,214			17,214			—		—
Money market accounts		24,508			25,589			(1,081	)	(4.2	)
Savings		5,371			6,320			(949	)	(15.0	)
Consumer and other time		26,770			19,917			6,853		34.4
Total consumer and commercial deposits		97,175			93,355			3,820		4.1
Brokered and foreign deposits		26,490			17,052			9,438		55.3
Total deposits	$	123,665		$	110,407		$	13,258		12.0	%

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 selected financial data excluding net securities gains/(losses). The Company believes the exclusion of net 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, the net gain on the sale of the Bond Trustee business, and the loss on extinguishment of debt because the Company believes the exclusion of these items provides better comparability and is more indicative of normalized operations.

Page 16

PRELIMINARY DATA

Retail Line of Business

(Dollars in thousands) (Unaudited)

	Three Months Ended						% Change		Twelve Months Ended						% Change
	December 31 2006			December 31 2005					December 31 2006			December 31 2005
Statement of Income
Net interest income	$	585,342		$	580,808		0.8	%	$	2,373,435		$	2,195,449		8.1	%
FTE adjustment		41			25		64.0			116			83		39.8
Net interest income - FTE		585,383			580,833		0.8			2,373,551			2,195,532		8.1
Provision for loan losses1		40,944			39,640		3.3			105,985			138,322		(23.4	)
Net interest income after provision for loan losses - FTE		544,439			541,193		0.6			2,267,566			2,057,210		10.2
Noninterest income before securities gains/(losses)		254,277			264,938		(4.0	)		1,050,190			1,023,389		2.6
Securities gains/(losses), net		(3	)		—		(100	)		(3	)		(5	)	(40.0	)
Total noninterest income		254,274			264,938		(4.0	)		1,050,187			1,023,384		2.6
Noninterest expense before amortization of intangible assets		516,044			518,971		(0.6	)		2,049,744			1,954,131		4.9
Amortization of intangible assets		19,538			23,263		(16.0	)		84,168			99,374		(15.3	)
Total noninterest expense		535,582			542,234		(1.2	)		2,133,912			2,053,505		3.9
Income before provision for income taxes		263,131			263,897		(0.3	)		1,183,841			1,027,089		15.3
Provision for income taxes		96,786			96,644		0.1			433,254			381,744		13.5
FTE adjustment		41			25		64.0			116			83		39.8
Net income	$	166,304		$	167,228		(0.6	)	$	750,471		$	645,262		16.3
Total revenue - FTE	$	839,657		$	845,771		(0.7	)	$	3,423,738		$	3,218,916		6.4
Average Balance Sheet
Total loans	$	31,028,373		$	31,270,647		(0.8	)%	$	30,885,412		$	30,411,605		1.6	%
Goodwill		4,897,138			4,872,777		0.5			4,891,911			4,883,103		0.2
Other intangible assets excluding MSR’s		249,811			335,309		(25.5	)		280,829			372,607		(24.6	)
Total assets		37,516,125			38,134,814		(1.6	)		37,795,826			36,870,411		2.5
Total deposits		69,541,644			66,443,254		4.7			68,997,610			65,238,773		5.8
Shareholders’ equity is not allocated at this time2
Performance Ratios
Efficiency ratio		63.79	%		64.11	%				62.33	%		63.79	%
Impact of excluding cost of intangible assets		(6.20	)		(6.67	)				(6.15	)		(7.32	)
Tangible efficiency ratio		57.59	%		57.44	%				56.18	%		56.47	%

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						% Change		Twelve Months Ended						% Change
	December 31 2006			December 31 2005					December 31 2006			December 31 2005
Statement of Income
Net interest income	$	222,643		$	223,265		(0.3	)%	$	900,519		$	858,909		4.8	%
FTE adjustment		10,718			9,998		7.2			41,418			38,201		8.4
Net interest income - FTE		233,361			233,263		—			941,937			897,110		5.0
Provision for loan losses1		2,493			7,057		(64.7	)		9,701			25,360		(61.7	)
Net interest income after provision for loan losses - FTE		230,868			226,206		2.1			932,236			871,750		6.9
Noninterest income before securities gains/(losses)		76,435			69,263		10.4			279,059			255,128		9.4
Securities gains/(losses), net		—			—		—			—			—		—
Total noninterest income		76,435			69,263		10.4			279,059			255,128		9.4
Noninterest expense before amortization of intangible assets		172,320			171,192		0.7			645,506			626,977		3.0
Amortization of intangible assets		—			—		—			—			—		—
Total noninterest expense		172,320			171,192		0.7			645,506			626,977		3.0
Income before provision for income taxes		134,983			124,277		8.6			565,789			499,901		13.2
Provision for income taxes		17,260			15,541		11.1			91,472			80,824		13.2
FTE adjustment		10,718			9,998		7.2			41,418			38,201		8.4
Net income	$	107,005		$	98,738		8.4		$	432,899		$	380,876		13.7
Total revenue - FTE	$	309,796		$	302,526		2.4		$	1,220,996		$	1,152,238		6.0
Average Balance Sheet
Total loans	$	32,617,046		$	30,988,353		5.3	%	$	32,438,562		$	30,760,315		5.5	%
Goodwill		1,263,946			1,261,388		0.2			1,263,760			1,264,374		—
Other intangible assets excluding MSR’s		—			—		—			—			—		—
Total assets		35,055,292			33,297,908		5.3			34,856,520			32,992,104		5.7
Total deposits		14,230,531			13,808,338		3.1			13,787,486			13,408,970		2.8
Shareholders’ equity is not allocated at this time2
Performance Ratios
Efficiency ratio		55.62	%		56.59	%				52.87	%		54.41	%
Impact of excluding cost of intangible assets		(2.38	)		(2.50	)				(2.28	)		(2.61	)
Tangible efficiency ratio		53.24	%		54.09	%				50.59	%		51.80	%

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						% Change		Twelve Months Ended						% Change
	December 31 2006			December 31 2005					December 31 2006			December 31 2005
Statement of Income
Net interest income	$	44,813		$	66,566		(32.7	)%	$	202,909		$	243,417		(16.6	)%
FTE adjustment		9,123			6,215		46.8			30,972			22,005		40.7
Net interest income - FTE		53,936			72,781		(25.9	)		233,881			265,422		(11.9	)
Provision for loan losses1		40,179			(2,447	)	NM			45,133			14,808		NM
Net interest income after provision for loan losses - FTE		13,757			75,228		(81.7	)		188,748			250,614		(24.7	)
Noninterest income before securities gains/(losses)		207,012			138,308		49.7			670,396			637,982		5.1
Securities gains/(losses), net		—			1,298		(100.0	)		(360	)		1,543		NM
Total noninterest income		207,012			139,606		48.3			670,036			639,525		4.8
Noninterest expense before amortization of intangible assets		118,096			109,054		8.3			456,976			453,551		0.8
Amortization of intangible assets		122			122		—			488			521		(6.3	)
Total noninterest expense		118,218			109,176		8.3			457,464			454,072		0.7
Income before provision for income taxes		102,551			105,658		(2.9	)		401,320			436,067		(8.0	)
Provision for income taxes		24,318			33,957		(28.4	)		114,188			143,220		(20.3	)
FTE adjustment		9,123			6,215		46.8			30,972			22,005		40.7
Net income	$	69,110		$	65,486		5.5		$	256,160		$	270,842		(5.4	)
Total revenue - FTE	$	260,948		$	212,387		22.9		$	903,917		$	904,947		(0.1	)
Measures excluding impact of RCM divestiture 4
Net interest income - FTE									$	233,881		$	265,422		(11.9	)%
RCM divestiture										—			(1,851	)	(100.0	)
Net interest income - FTE excluding RCM divestiture									$	233,881		$	263,571		(11.3	)
Total noninterest income									$	670,036		$	639,525		4.8
RCM divestiture										—			(30,215	)	(100.0	)
Total noninterest income excluding RCM divestiture									$	670,036		$	609,310		10.0
Total revenue - FTE									$	903,917		$	904,947		(0.1	)
RCM divestiture										—			(32,066	)	(100.0	)
Total revenue - FTE excluding RCM divestiture									$	903,917		$	872,881		3.6
Total noninterest expense										457,464			454,072		0.7
RCM divestiture										—			(5,366	)	(100.0	)
Total noninterest expense excluding RCM divestiture									$	457,464		$	448,706		2.0
Net income									$	256,160		$	270,842		(5.4	)
RCM divestiture										—			(16,567	)	(100.0	)
Net income excluding RCM divestiture									$	256,160		$	254,275		0.7
Average Balance Sheet
Total loans	$	16,630,660		$	16,339,727		1.8	%	$	16,506,528		$	15,286,019		8.0	%
Goodwill		147,552			147,485		—			147,571			147,600		—
Other intangible assets excluding MSR’s		1,402			2,941		(52.3	)		1,840			3,270		(43.7	)
Total assets		24,485,580			23,195,485		5.6			23,967,653			21,259,491		12.7
Total deposits		2,868,987			3,614,194		(20.6	)		3,116,800			3,289,047		(5.2	)
Shareholders’ equity is not allocated at this time2
Performance Ratios
Efficiency ratio		45.30	%		51.40	%				50.61	%		50.18	%
Impact of excluding cost of intangible assets		(0.32	)		(0.45	)				(0.41	)		(0.44	)
Tangible efficiency ratio		44.98	%		50.95	%				50.20	%		49.74	%

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.

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

⁴ SunTrust presents net interest income - FTE, total revenue - FTE, and net income excluding the RCM divestiture. The Company believes these measures without the impact of the RCM divestiture are more indicative of normalized operations.

Page 19

PRELIMINARY DATA

Mortgage Line of Business

(Dollars in thousands) (Unaudited)

	Three Months Ended						% Change		Twelve Months Ended						% Change
	December 31 2006			December 31 2005					December 31 2006			December 31 2005
Statement of Income
Net interest income	$	149,774		$	151,727		(1.3	)%	$	603,393		$	547,671		10.2	%
FTE adjustment		—			—		—			—			—		—
Net interest income - FTE		149,774			151,727		(1.3	)		603,393			547,671		10.2
Provision for loan losses1		3,013			(1,196	)	NM			8,748			5,614		55.8
Net interest income after provision for loan losses - FTE		146,761			152,923		(4.0	)		594,645			542,057		9.7
Noninterest income before securities gains/(losses)		56,220			60,046		(6.4	)		375,057			238,224		57.4
Securities gains/(losses), net		4,367			—		100.0			4,367			1,076		NM
Total noninterest income		60,587			60,046		0.9			379,424			239,300		58.6
Noninterest expense before amortization of intangible assets		149,604			147,383		1.5			594,641			518,653		14.7
Amortization of intangible assets		763			867		(12.0	)		3,053			3,467		(11.9	)
Total noninterest expense		150,367			148,250		1.4			597,694			522,120		14.5
Income before provision for income taxes		56,981			64,719		(12.0	)		376,375			259,237		45.2
Provision for income taxes		16,161			21,440		(24.6	)		127,983			87,378		46.5
FTE adjustment		—			—		—			—			—		—
Net income	$	40,820		$	43,279		(5.7	)	$	248,392		$	171,859		44.5
Total revenue - FTE	$	210,361		$	211,773		(0.7	)	$	982,817		$	786,971		24.9
Average Balance Sheet
Total loans	$	32,330,762		$	26,920,582		20.1	%	$	31,232,994		$	24,205,689		29.0	%
Goodwill		275,557			248,732		10.8			269,374			247,942		8.6
Other intangible assets excluding MSR’s		5,034			8,137		(38.1	)		6,173			9,431		(34.5	)
Total assets		44,536,300			38,432,067		15.9			42,014,951			33,031,791		27.2
Total deposits		1,949,280			1,776,076		9.8			1,810,720			1,653,931		9.5
Shareholders’ equity is not allocated at this time2
Performance Ratios
Efficiency ratio		71.48	%		70.00	%				60.81	%		66.35	%
Impact of excluding cost of intangible assets		(1.39	)		(1.33	)				(1.03	)		(1.42	)
Tangible efficiency ratio		70.09	%		68.67	%				59.78	%		64.93	%
Other Information
Production Data
Channel mix
Retail	$	6,101,389		$	5,571,462		9.5	%	$	23,894,336		$	21,948,190		8.9	%
Wholesale		5,629,254			4,268,199		31.9			19,455,346			14,024,741		38.7
Correspondent		3,327,698			3,267,244		1.9			12,027,244			11,680,775		3.0
Total production	$	15,058,341		$	13,106,905		14.9		$	55,376,926		$	47,653,706		16.2
Channel mix - percent
Retail		41	%		42	%				43	%		46	%
Wholesale		37			33					35			29
Correspondent		22			25					22			25
Total production		100	%		100	%				100	%		100	%
Purchase and refinance mix
Refinance	$	7,023,225		$	5,355,002		31.2		$	21,185,623		$	18,933,552		11.9
Purchase		8,035,116			7,751,903		3.7			34,191,303			28,720,154		19.0
Total production	$	15,058,341		$	13,106,905		14.9		$	55,376,926		$	47,653,706		16.2
Purchase and refinance mix - percent
Refinance		47	%		41	%				38	%		40	%
Purchase		53			59					62			60
Total production		100	%		100	%				100	%		100	%
Applications	$	23,049,540		$	16,313,387		41.3		$	86,958,077		$	70,604,085		23.2
Mortgage Servicing Data (End of Period)
Total loans serviced	$	129,976,337		$	105,560,533		23.1	%
Total loans serviced for others		91,543,434			68,852,189		33.0
Net carrying value of MSR’s		810,509			657,472		23.3
Ratio of net carrying value of MSR’s to total loans serviced for others		0.885	%		0.955	%

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.

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

Page 20

PRELIMINARY DATA

Wealth and Investment Management Line of Business

(Dollars in thousands) (Unaudited)

	Three Months Ended						% Change		Twelve Months Ended						% Change
	December 31 2006			December 31 2005					December 31 2006			December 31 2005
Statement of Income
Net interest income	$	90,750		$	95,061		(4.5	)%	$	367,088		$	342,820		7.1	%
FTE adjustment		18			16		12.5			71			64		10.9
Net interest income - FTE		90,768			95,077		(4.5	)		367,159			342,884		7.1
Provision for loan losses1		2,017			5,841		(65.5	)		3,696			8,880		(58.4	)
Net interest income after provision for loan losses - FTE		88,751			89,236		(0.5	)		363,463			334,004		8.8
Noninterest income before securities gains/(losses)		252,933			240,329		5.2			1,098,925			944,178		16.4
Securities gains/(losses), net		(16	)		—		(100.0	)		(70	)		(191	)	(63.4	)
Total noninterest income		252,917			240,329		5.2			1,098,855			943,987		16.4
Noninterest expense before amortization of intangible assets		257,226			255,159		0.8			1,022,234			962,039		6.3
Amortization of intangible assets		3,662			3,719		(1.5	)		14,630			14,709		(0.5	)
Total noninterest expense		260,888			258,878		0.8			1,036,864			976,748		6.2
Income before provision for income taxes		80,780			70,687		14.3			425,454			301,243		41.2
Provision for income taxes		29,657			28,169		5.3			158,056			113,976		38.7
FTE adjustment		18			16		12.5			71			64		10.9
Net income	$	51,105		$	42,502		20.2		$	267,327		$	187,203		42.8
Total revenue - FTE	$	343,685		$	335,406		2.5		$	1,466,014		$	1,286,871		13.9
Measures excluding net gain on sale of Bond Trustee business3
Total noninterest income									$	1,098,855		$	943,987		16.4	%
Net gain on sale of Bond Trustee business										(112,759	)		—		(100.0	)
Total noninterest income excluding net gain on sale of Bond
Trustee business									$	986,096		$	943,987		4.5
Total revenue - FTE									$	1,466,014		$	1,286,871		13.9
Net gain on sale of Bond Trustee business										(112,759	)		—		(100.0	)
Total revenue - FTE excluding net gain on sale of Bond
Trustee business									$	1,353,255		$	1,286,871		5.2
Net income									$	267,327		$	187,203		42.8
Net gain on sale of Bond Trustee business, net of tax										(69,911	)		—		(100.0	)
Net income excluding net gain on sale of Bond
Trustee business									$	197,416		$	187,203		5.5
Average Balance Sheet
Total loans	$	8,200,195		$	8,079,679		1.5	%	$	8,135,370		$	7,809,599		4.2	%
Goodwill		307,535			303,231		1.4			304,497			302,211		0.8
Other intangible assets excluding MSR’s		120,649			131,600		(8.3	)		122,729			134,881		(9.0	)
Total assets		9,037,013			8,851,212		2.1			8,936,418			8,565,773		4.3
Total deposits		10,047,149			9,479,993		6.0			9,477,307			9,528,375		(0.5	)
Shareholders’ equity is not allocated at this time2
Performance Ratios
Efficiency ratio		75.91	%		77.18	%				70.73	%		75.90	%
Impact of excluding cost of intangible assets		(2.07	)		(2.18	)				(1.87	)		(2.29	)
Tangible efficiency ratio		73.84	%		75.00	%				68.86	%		73.61	%
Other Information (End of Period)
Assets under administration
Managed (discretionary) assets	$	141,137,117		$	135,309,399		4.3
Non-managed assets		57,730,001			45,546,612		26.7
Total assets under administration		198,867,118			180,856,011		10.0
Brokerage assets		38,733,632			33,405,436		16.0
Corporate trust assets		7,819,848			28,280,494		(72.3	)
Total assets under advisement	$	245,420,598		$	242,541,941		1.2

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.

³ SunTrust presents total noninterest income, total revenue - FTE, and net income excluding the net gain on sale of the Bond Trustee business. The Company believes total noninterest income, total revenue - FTE, and net income without the sale of the Bond Trustee business is more indicative of normalized operations.

Page 21

PRELIMINARY DATA

Corporate Other and Treasury

(Dollars in thousands) (Unaudited)

	Three Months Ended						% Change		Twelve Months Ended						% Change
	December 31 2006			December 31 2005					December 31 2006			December 31 2005
Statement of Income
Net interest income	$	67,967		$	69,609		(2.4	)%	$	213,121		$	390,700		(45.5	)%
FTE adjustment		3,977			3,771		5.5			15,389			15,139		1.7
Net interest income - FTE		71,944			73,380		(2.0	)		228,510			405,839		(43.7	)
Provision for loan losses1		(12,840	)		(769	)	NM			49,273			(16,098	)	NM
Net interest income after provision for loan losses - FTE		84,784			74,149		14.3			179,237			421,937		(57.5	)
Noninterest income before securities gains/(losses)		312			24,439		(98.7	)		45,222			63,298		(28.6	)
Securities gains/(losses), net		31,029			(698	)	NM			(54,411	)		(9,578	)	NM
Total noninterest income		31,341			23,741		32.0			(9,189	)		53,720		NM
Noninterest expense before amortization of intangible assets		(3,817	)		(23,024	)	83.4			7,533			56,414		(86.6	)
Amortization of intangible assets		219			221		(0.9	)		887			893		(0.7	)
Total noninterest expense		(3,598	)		(22,803	)	84.2			8,420			57,307		(85.3	)
Income before provision for income taxes		119,723			120,693		(0.8	)		161,628			418,350		(61.4	)
Provision (benefits) for income taxes		18,724			15,684		19.4			(40,995	)		72,014		NM
FTE adjustment		3,977			3,771		5.5			15,389			15,139		1.7
Net income	$	97,022		$	101,238		(4.2	)	$	187,234		$	331,197		(43.5	)
Total revenue - FTE		103,285			97,121		6.3			219,321			459,559		(52.3	)
Measures excluding securities gains/(losses), net3
Total revenue - FTE	$	103,285		$	97,121		6.3	%	$	219,321		$	459,559		(52.3	)%
Securities (gains)/losses, net		(31,029	)		698		NM			54,411			9,578		NM
Total revenue - FTE excluding net securities (gains)/losses	$	72,256		$	97,819		(26.1	)	$	273,732		$	469,137		(41.7	)
Net income	$	97,022		$	101,238		(4.2	)	$	187,234		$	331,197		(43.5	)
Securities (gains)/losses, net of tax		(19,238	)		433		NM			33,735			5,938		NM
Net income excluding net securities (gains)/losses	$	77,784		$	101,671		(23.5	)	$	220,969		$	337,135		(34.5	)
Average Balance Sheet
Total loans	$	556,801		$	228,567		NM	%	$	446,297		$	268,760		66.1	%
Securities available for sale		22,971,501			24,739,289		(7.1	)		24,253,685			26,165,733		(7.3	)
Goodwill		4,771			7,481		(36.2	)		6,897			8,731		(21.0	)
Other intangible assets excluding MSR’s		5,402			6,290		(14.1	)		5,733			6,624		(13.4	)
Total assets		31,712,964			33,857,654		(6.3	)		32,743,778			35,369,201		(7.4	)
Total deposits (mainly brokered and foreign)		26,039,508			21,145,207		23.1			26,475,571			17,287,490		53.1
Other Information
Duration of investment portfolio		3.5	%		2.8	%
Net interest income interest rate sensitivity:
% Change in net interest income under:
Gradual 100 bp increase in rates over next 12 months		(0.4	) %		(0.1	)%
Gradual 100 bp decrease in rates over next 12 months		0.9	%		0.7	%

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

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

³ SunTrust presents total revenue and net income excluding net realized securities gains/losses. The Company believes total revenue and net income without the securities gains/losses is more indicative of the Company’s performance because it isolates income that is primarily customer relationship and customer transaction driven.

Page 22

PRELIMINARY DATA

Consolidated - Segment Totals

(Dollars in thousands) (Unaudited)

	Three Months Ended						% Change		Twelve Months Ended						% Change
	December 31 2006			December 31 2005					December 31 2006			December 31 2005
Statement of Income
Net interest income	$	1,161,289		$	1,187,036		(2.2	)%	$	4,660,465		$	4,578,966		1.8	%
FTE adjustment		23,877			20,025		19.2			87,966			75,492		16.5
Net interest income - FTE		1,185,166			1,207,061		(1.8	)		4,748,431			4,654,458		2.0
Provision for loan losses		75,806			48,126		57.5			222,536			176,886		25.8
Net interest income after provision for loan losses - FTE		1,109,360			1,158,935		(4.3	)		4,525,895			4,477,572		1.1
Noninterest income before securities gains/(losses)		847,189			797,323		6.3			3,518,849			3,162,199		11.3
Securities gains/(losses), net		35,377			600		NM			(50,477	)		(7,155	)	NM
Total noninterest income		882,566			797,923		10.6			3,468,372			3,155,044		9.9
Noninterest expense before amortization of intangible assets		1,209,473			1,178,735		2.6			4,776,634			4,571,765		4.5
Amortization of intangible assets		24,304			28,192		(13.8	)		103,226			118,964		(13.2	)
Total noninterest expense		1,233,777			1,206,927		2.2			4,879,860			4,690,729		4.0
Income before provision for income taxes		758,149			749,931		1.1			3,114,407			2,941,887		5.9
Provision for income taxes		202,906			211,435		(4.0	)		883,958			879,156		0.5
FTE adjustment		23,877			20,025		19.2			87,966			75,492		16.5
Net income	$	531,366		$	518,471		2.5		$	2,142,483			1,987,239		7.8
Total revenue - FTE	$	2,067,732		$	2,004,984		3.1		$	8,216,803		$	7,809,502		5.2
Average Balance Sheet
Total loans	$	121,363,837		$	113,827,555		6.6	%	$	119,645,163		$	108,741,987		10.0	%
Goodwill		6,896,499			6,841,094		0.8			6,884,010			6,853,961		0.4
Other intangible assets excluding MSR’s		382,298			484,277		(21.1	)		417,304			526,813		(20.8	)
Total assets		182,343,274			175,769,140		3.7			180,315,146			168,088,771		7.3
Total deposits		124,677,099			116,267,062		7.2			123,665,494			110,406,586		12.0
Performance Ratios
Efficiency ratio		59.67	%		60.20	%				59.39	%		60.06	%
Impact of excluding cost of intangible assets		(1.18	)		(1.41	)				(1.26	)		(1.52	)
Tangible efficiency ratio		58.49	%		58.79	%				58.13	%		58.54	%

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

Page 23

EX-99.2

SunTrust Banks, Inc.

4Q 2006 Earnings Presentation

January 19, 2007

Exhibit 99.2

1

The

following

should

be

read

in

conjunction

with

the

financial

statements,

notes

and

other

information

contained

in

the

Company’s

2005

Annual

Report

on

Form

10-K,

Quarterly

Reports

for

the

periods

ended

March

31,

2006,

June

30,

2006

and

September

30,

2006

on

Form

10-Q

and

Current

Reports

on

Form

8-K.

This

presentation

may

include

non-GAAP

financial

measures

to

describe

SunTrust’s

performance.

The

reconciliation

of

those

measures

to

GAAP

measures

can

be

found

in

SunTrust’s

earnings

press

releases,

which

can

be

found

on

SunTrust’s

website

in

the

news

section

of

the

investor

relations

pages.

In

this

presentation,

net

interest

income

and

net

interest

margin

are

presented

on

a

fully

taxable-equivalent

(“FTE”)

basis,

and

ratios

are

presented

on

an

annualized

basis.

The

FTE

basis

adjusts

for

the

tax-favored

status

of

income

from

certain

loans

and

investments.

The

Company

believes

this

measure

to

be

the

preferred

industry

measurement

of

net

interest

income

and

provides

relevant

comparison

between

taxable

and

non-taxable

amounts.

The

information

in

this

presentation

may

contain

forward-looking

statements.

Statements

that

do

not

describe

historical

or

current

facts,

including

statements

about

beliefs

and

expectations,

are

forward-looking

statements.

These

statements

often

include

the

words

"believes,"

"expects,"

"anticipates,"

"estimates,"

"intends,"

"plans,"

"targets,"

"potentially,"

"probably,"

"projects,"

"outlook"

or

similar

expressions

or

future

conditional

verbs

such

as

"may,"

“will,”

“should,”

“would,”

and

"could."

Such

statements

are

based

upon

the

current

beliefs

and

expectations

of

SunTrust's

management

and

on

information

currently

available

to

management.

The

forward

looking

statements

are

intended

to

be

subject

to

the

safe

harbor

provided

by

Section

27A

of

the

Securities

Act

of

1933

and

Section

21E

of

the

Securities

Exchange

Act

of

1934.

Such

statements

speak

as

of

the

date

hereof,

and

SunTrust

does

not

intend

to

update

the

statements

made

herein

or

to

update

the

reasons

why

actual

results

could

differ

from

those

contained

in

such

statements

in

light

of

new

information

or

future

events.

Forward

looking

statements

involve

significant

risks

and

uncertainties.

Investors

are

cautioned

against

placing

undue

reliance

on

such

statements.

Actual

results

may

differ

materially

from

those

set

forth

in

the

forward-looking

statements.

Factors

that

could

cause

actual

results

to

differ

materially

from

those

described

in

the

forward-looking

statements

can

be

found

in

the

Company's

2005

Annual

Report

on

Form

10-K,

in

the

Company’s

Quarterly

Reports

on

Form

10-Q,

and

in

the

Current

Reports

on

Form

8-K

filed

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

general

business

or

economic

conditions,

including

customers'

ability

to

repay

debt

obligations,

could

have

a

material

adverse

effect

on

our

financial

condition

and

results

of

operations;

changes

in

market

interest

rates

or

capital

markets

could

adversely

affect

our

revenues

and

expenses,

the

value

of

assets

and

obligations,

costs

of capital,

or

liquidity;

the

fiscal

and

monetary

policies

of

the

federal

government

and

its

agencies

could

have

a

material

adverse

effect

on

our

earnings;

significant

changes

in securities

markets

or

markets

for

commercial

or

residential

real

estate

could

harm

our

revenues

and

profitability;

customers

could

pursue

alternatives

to

bank

deposits,

causing

us

to

lose

a

relatively

inexpensive

source

of

funding;

customers

may

decide

not

to

use

banks

to

complete

their

financial

transactions,

which

could

affect

net

income;

we

have

businesses

other

than

banking,

which

subjects

us

to

a

variety

of

risks;

hurricanes

and

other

natural

disasters

may

adversely

affect

loan

portfolios

and

operations

and

increase

the

cost

of

doing

business;

negative

public

opinion

could

damage

our

reputation

and

adversely

impact

our

business;

we

rely

on

other

companies

for

key

components

of

our

business

infrastructure;

we

depend

on

the

accuracy

and

completeness

of

information

about

clients

and

counterparties;

regulation

by

federal

and

state

agencies

could

adversely

affect

our

business,

revenues,

and

profit

margins;

competition

in

the

financial

services

industry

is

intense

and

could

result

in

losing

business

or

reducing

profit

margins;

future

legislation

could

harm

our

competitive

position;

maintaining

or

increasing

market

share

depends

on

market

acceptance

and

regulatory

approval

of

new

products

and

services;

our

ability

to

receive

dividends

from

our

subsidiaries

accounts

for

most

of

our

revenues

and

could

affect

our

liquidity

and

ability

to

pay

dividends;

we

have

in

the

past

and

may

in

the

future

pursue

acquisitions,

which

could

affect

costs

and

from

which

we

may

not

be

able

to

realize

anticipated

benefits;

we

depend

on

the

expertise

of

key

personnel

without

whom

our

operations

may

suffer;

we

may

be

unable

to

hire

or

retain

additional

qualified

personnel

and

recruiting

and

compensation

costs

may

increase

as

a

result

of

turnover,

both

of

which

may

increase

costs

and

reduce

profitability

and

may

adversely

impact

our

ability

to

implement

the

business

strategy;

our

accounting

policies

and

methods

are

key

to

how

we

report

financial

condition

and

results

of

operation,

and

may

require

management

to

make

estimates

about

matters

that

are

uncertain;

our

stock

price

can

be

volatile;

and

our

disclosure

controls

and

procedures

may

fail

to

prevent

or

detect

all

errors

or

acts

of

fraud.

2

Strategic Priorities

Managing Talent

Delivering Growth

Increasing Efficiency

and Productivity

Improving

Performance

Streamlining Process

Managing Talent

Delivering Growth

Increasing Efficiency

and Productivity

Improving

Performance

Streamlining Process

3

Efficiency and Productivity

The E

2

Program: Excellence in Execution

Estimated Total Expense Reduction

(1)

(2)

Does not include one-time costs associated with implementation, including severance.

Included in 2007 outlook for noninterest expense provided on October 17, 2006.

($ in millions)

(1)

Cumulative

Total

2007

2008

2009

(2)

Cost Saves

Achieved by

End of Period

Corporate Real Estate

Supplier Management

Offshoring/Outsourcing

Process Reengineering

Organizational Review

75

115

45

55

110

TOTAL 

$

$135

$250

$400

$400

4

Additional Investment in Growth and E²

Initiatives in 2007

Additional Investments in Initiatives

Growth Businesses: High Growth Potential,

Profit Margins and RAROC

•

Retail: Business Banking, Consumer

Lending, De Novo Branches

•

Mortgage: Origination and Servicing

•

CIB: Debt Capital Markets

•

Wealth and Investment Management:

High Growth Segments

E²

Program

•

Corporate Real Estate

•

Offshoring/Outsourcing

$70 million

$20 million

~

~

~

~

5

2005

4Q 2005

Income Statement Overview

Net Interest Income (FTE)

Noninterest Income

Total Revenue (FTE)

Total Noninterest Expense

Provision for Income Taxes

Net Income Available to 

Common Shareholders

Diluted Net Income Per

Average Common Share

($ in millions, except per share data)

$1,185

883

2,068

1,234

203

$524

$1.46

4Q 2006

% Change vs.

(2)%

11%

3%

2%

(4)%

1%

2%

$4,748

3,468

8,217

4,880

884

$2,135

$5.88

2%

10%

5%

4%

1%

7%

7%

% Change vs.

Full Year

Full Year

2006

(1)

(1)

Includes

merger-related

expenses

of

$6.5

million

in

4Q

2005

and

$98.6

million

in

2005.

(1)

6

Balance Sheet Overview

Real Estate 1-4 Family

Real Estate Construction

Real Estate Home Equity Lines

Real Estate Commercial

Commercial –

FTE

Consumer –

Direct

Consumer –

Indirect

Total Loans

Total Securities Available for Sale -

FTE

Total Earning Assets

Noninterest-Bearing Deposits

NOW Accounts

Money Market Accounts

Savings

Consumer Time

Other Time

Total Consumer and Commercial Deposits

(Average balances, $ in billions)

$34.3

13.2

13.7

12.8

34.0

4.1

8.2

121.4

23.2

160.1

22.6

18.4

23.1

5.4

16.7

12.3

98.6

4Q 2006

4Q 2005

15%

30%

5%

-

3%

(24)%

(8)%

7%

(7)%

4%

(9)%

8%

(11)%

(1)%

26%

36%

3%

% Change vs.

7

Capital Restructuring Plan Summary

Issuance

$500 Million Perpetual

Preferred Stock

$500 Million Preferred Purchase

Security

$1 Billion Share Repurchase

($871mm ASR + $126mm market)

$1 Billion Enhanced TRuP

Call $1 Billion Existing TRuPs

Timing

Pricing

5.92%

3ML+0.53%

5.853%

(5yT+1.125%)

-

6.10%

(30yT+1.48%)

$12 million loss

Sept. 5

Oct. 18

3Q/4Q

Nov. 29

Oct/Dec

Capital Ratios

Before Plan

After Plan

Tier 1

Tangible Equity to Tangible Assets

7.31%

5.81%

7.65%

6.05%

(1)

(1)

At 6/30/2006

(2)

(2)

At 12/31/2006, estimated as of the earnings release date

8

(1)

Includes the Accelerated Share Repurchase program announced in October 2006.

(2)

Buyback amounts shown in chart are before any reduction from other capital stock issuances.

38

40

41

38

37

34

34

33

36

33

33

50

39

52

62

74

86

105

68

106

79

93

0

20

40

60

80

100

120

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

Dividend

Buyback

Returning Capital to Common Equity Shareholders

SunTrust returned 74% of earnings on average to common shareholders during this period

%

Total Payout Average = 79%

Dividends = 35%

Buyback = 44%

NCF Acquisition

Impact

(1)

(2)