SunTrust Banks, Inc.

2Q 2007 Earnings Presentation

July 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 2006 Annual Report on Form

10-K, Quarterly Report 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

“may,”

“could,”

“will,”

“should,”

“believes,”

“expects,”

“anticipates,”

“estimates,”

“intends,”

“plans,”

“targets,”

“initiatives,”

“potentially,”

“probably,”

“projects,”

“outlook”

or

similar

expressions.

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 are subject 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 2006 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 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 rely on our systems, employees and certain counterparties, and certain failures could

materially adversely affect our operations; 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; significant legal actions could subject us to substantial uninsured liabilities; 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; changes in our

accounting policies or in accounting standards could materially affect how we report our financial results and condition; our stock price can be volatile; and our

disclosure

controls

and

procedures

may

fail

to

prevent

or

detect

all

errors

or

acts

of

fraud.

2

Management’s Initiatives to Drive Shareholder Value, Announced in Mid-May, Are Already

Producing Results and Contributing to Earnings

•

E

2

Efficiency and Productivity Program

–

Primarily driven by supplier management, offshoring/outsourcing, and process reengineering, on track

to achieve accelerated expense savings target of $181M in 2007

–

Management will provide update on substantive progress in the Organizational Review initiatives by

late August

•

Balance Sheet and Capital Management Strategies

–

In early May, SunTrust sold 4.5M shares or 9% of its Coke holdings producing an after-tax gain of

$145.6M, or $0.41 per share, for 2Q 2007; management is currently evaluating alternatives for the

remaining

43.7M

shares

and

will

communicate

its

ultimate

plan

by

year-end

–

Balance sheet optimization strategies initiated earlier this year have resulted in a stronger, more

profitable earning asset mix, thereby improving the margin

•

In 2Q 2007, SunTrust NIM was 3.10%, up 10bps from 2Q 2006 and 8bps from 1Q 2007

–

These

initiatives

have

also

resulted

in

additional

capital

flexibility

–

enabling

SunTrust

to

repurchase

over $850M in shares through accelerated and open-market repurchase programs

•

SunTrust

has

already

exceeded

the

low

end

of

the

$750M

–

$1B

target

range

announced

in

mid-May

•

Management Continues to Focus on Efficiency and Productivity, Balance Sheet

Management and Business Mix Opportunities to Build Future Momentum

Update on Initiatives to Drive Shareholder Value

3

1 Does

not

include

initial

costs

associated

with

implementation,

including

severance.

($ in millions)

E

2

Efficiency and Productivity Program:                          

E

2

Estimated Gross Cost Savings¹

Savings For Fiscal Year 2009 Represent Over 10% of Expense Base

Cumulative

Total

2007

2008

2009

Corporate Real Estate

Supplier Management

Offshoring/Outsourcing

Process Reengineering

Organizational Review

100

115

45

125

145

$

$181

$350

$530

TOTAL      

$ 530

4

$80.6

$0.0

$45.0

$90.0

$135.0

$180.0

Total realized expense reductions achieved year-to-date through the end of 2Q¹

1 Does

not

include

initial

costs

associated

with

implementation,

including

severance.

($ in millions)

Gross Cost

Savings For 2Q  

= $51.8M

E

2

Efficiency and Productivity Program:                          

Making Progress on Estimated Cost Savings

E

2

2007 Estimated Gross Cost Savings¹

5

•

Moved from 4 Groups/20 Regions to 3 Groups/17 Regions

•

Introduced

a

more

efficient

approach

to

layers

of

management

and

spans

of

control

within

the

Geographies

•

Consolidating several back office operations that have historically been performed at the Region or

Group level to gain consistency and economies of scale

•

Announcing

full

effects

of

Organizational

Review

process

in

late

August

Implemented New Credit Support Structure -

Improving Efficiency and Transforming the

Commercial Lending Process, Making it Easier To Do Business With

Us

Made Significant Progress Towards Achieving $100M Gross CRE Cost

Saves

•

Four recent large property transactions in Atlanta GA, Laurel MD, Memphis TN, and Orlando FL

represent an annual savings of approximately $13M, or 50%

•

Employing a sale and leaseback strategy involving approximately 475 facilities throughout the

Southeast and Mid-Atlantic -

49 office buildings and 425 retail branches:

–

A

full

marketing

program

is

underway

for

the

branches

and

office

buildings

–

There are currently nearly 500 interested parties; balanced interest among institutional, private,

and individual investors

–

Final bids due by late September, anticipate closings to occur by year-end

Corporate

Real

Estate

Process

Reengineering

Organizational

Review

Enhanced Efficiency of Geographic Structure

•

Credit Resource Centers have been formed:

–

Successful Central Florida Region pilot underway, recently commenced additional pilots in

the Georgia, Central Virginia, and Western Virginia Regions

–

Expect full roll-out by year-end

•

Streamlining the credit process will improve client experience, eliminate administrative tasks

from Relationship Managers, and reduce headcount and expenses through the achievement of

economies of scale

E

2

Efficiency and Productivity Program:                          

Recent Highlights and Accomplishments

6

($ in millions)

Noninterest Expense

E

2

Initial Implementation Costs

E

2

Program Real Estate Gains

Elimination of FAS 91 Deferral Related

to FV Adoption

Reversal of LILO QTE Reserve

Noninterest

Expense

Excluding

E

2

Initial Implementation Costs and LILO

and FAS 91 Impact

June 30, 2007

% Change

$2,487.2

(26.2)

17.4

(12.4)

-

$2,466.0

$2,440.6

(6.9)

-

-

10.9

$2,444.6

1.9%

0.9%

Results Already Apparent As Core Expense Growth Was <1% YTD 2007

Over YTD 2006

E

2

Efficiency and Productivity Program:                          

Core Expense Growth

•

Total

E

2

Program

Initial

Implementation

Costs

for

the

first

half

of

2007

=

$26.2M

•

YTD

2007

E

2

Program

Initial

Implementation

Costs

Were

Primarily

In:

–

Corporate Real Estate

–

Offshoring/Outsourcing

–

Organizational Review

June 30, 2006

Six Months Ended

7

2Q 2007 Financial Performance

Income Statement

($ in millions, except per share data)

Net Interest Income (FTE)

Provision for Loan Losses

Noninterest Income

Noninterest Income Excluding Coke Gain

Total Revenue (FTE)

Total Revenue (FTE) Excluding Coke Gain

Total Noninterest Expense

Provision for Income Taxes¹

Net Income Available to Common

Shareholders

Net Income Available to Common

Shareholders Excluding Coke Gain

Diluted Net Income Per Average Common

Share

Diluted Net Income Per Average Common

Share Excluding Coke Gain²

$1,220.0

104.7

1,154.6

919.8

2,374.6

2,139.8

1,251.2

312.6

673.9

528.3

1.89

1.48

2Q 2007

1%

89%

18%

4%

8%

2%

2%

15%

10%

(3)%

13%

(1)%

June 30, 2007

2Q 2006

% Change

Annualized

1Q 2007

3%

102%

32%

5%

15%

4%

3%

33%

24%

(3)%

27%

(1)%

11%

342%

126%

19%

60%

14%

5%

144%

124%

11%

125%

11%

1

Effective

tax

rate

in

2Q

2007

was

31.45%

versus

30.59%

in

1Q

2007

and

30.10%

in

2Q

2006

due

to

taxes

paid

on

Coke

gain.

$2,408.2

161.1

2,033.5

1,798.7

4,441.8

4,206.9

2,487.2

542.3

1,187.8

1,042.3

3.33

2.92

June 30, 2006

% Change

2 Accelerated

share

repurchases

of

8

million

shares

entered

into

in

late

May

is

partially

reflected

in

2Q

2007.

Six Months Ended

8

2Q 2007 Financial Performance

Balance Sheet

Real Estate 1-4 Family

Real Estate Construction

Real Estate Home Equity Lines

Real Estate Commercial

Commercial

Consumer –

Direct

Consumer –

Indirect

Total Loans

Total Securities Available for Sale

Total Earning Assets

Noninterest-Bearing Deposits

NOW Accounts

Money Market Accounts

Savings

Consumer Time

Other Time

Total Consumer and Commercial Deposits

(Average balances, $ in millions)

2Q 2007

% Change

2Q 2006

$    30,754.4

13,710.1

13,849.7

12,731.8

33,607.7

4,347.5

8,063.6

118,164.6

12,055.5

$  157,594.2

$    22,395.8

20,065.8

21,773.3

4,786.7

16,942.3

11,962.4

$    97,926.3

$    34,348.0

12,180.6

13,517.5

12,840.8

33,993.0

4,251.1

8,385.8

120,144.5

25,554.8

$  158,888.8

$    23,858.0

16,811.2

25,091.3

5,161.0

15,471.7

10,779.1

$    97,172.3

(10)%

13%

2%

(1)%

(1)%

2%

(4)%

(2)%

(53)%

(1)%

(6)%

19%

(13)%

(7)%

10%

11%

1%

9

2Q 2007 Financial Performance

Financial Ratios and Other Data

Return on Average Total Assets

Return on Average Total Assets Excluding Coke Gain

Return on Average Common Shareholders’

Equity

Return on Average Common Shareholders’

Equity

Excluding Coke Gain 

Net Interest Margin

Efficiency Ratio

Efficiency Ratio Excluding Coke Gain

Tier 1 Capital Ratio

Annualized Total Net Charge-Offs to Total Average

Loans

1.16%

1.16%

12.10%

12.10%

3.02%

59.79%

59.79%

7.60%

0.21%

2Q 2007

1Q 2007

1.52%

1.19%

15.51%

12.16%

3.10%

52.69%

58.47%

7.5%

0.30%

Diluted Average Common Shares

Outstanding (000s)

357,214

356,008

1

1 Estimated as of the earnings release date.

2 Accelerated

share

repurchases

of

8

million

shares

entered

into

in

late

May

is

partially

reflected

in

2Q

2007.

2

10

Review of 2Q 2007 Credit Quality and Outlook

•

SunTrust’s credit quality continues to be solid; however, credit trends are normalizing in addition to

the negative impact from deterioration in certain segments of the consumer real estate market

•

The primary contributors were a higher number of relatively small commercial loan, higher LTV home

equity line, and Alt-A mortgage product charge-offs

•

The

decrease

in

average

total

loans

resulting

from

$6B

in

loan

sales

contributed

1–

2bps

of

the

increase in the annualized net charge-off ratio

•

Company

increased

reserve

level

by

$16M

in

2Q

2007;

provision

of

$104.7M

exceeded

$88.3M

in net

charge-offs

•

Management expects net charge-offs for the year to be in the 25-30bp range

Commercial

–

Nature of commercial charge-offs is volatile

–

Experienced higher number of smaller commercial and

corporate charge-offs than expected

Home Equity Lines

–

Attributable to increased loss experience on higher LTV

product (>90% LTV) and general portfolio seasoning

Residential Mortgage

–

Higher losses in Alt-A segment and general portfolio

seasoning

19

42

Commercial

43

64

Home Equity Lines

15

23

Residential Mortgage

21

30

Total Loan Portfolio

1Q 2007

2Q 2007

Category

Annualized NCOs /

Avg. Loans (in bps)

15

11

5

10

2Q 2006

11

Additional Reconciliations

12

2nd Quarter

1st Quarter

2007

2007

Return on average total assets

1.52

%

1.16

%

Impact of excluding gain on sale of shares of The Coca-Cola Company

(0.33)

-

Return on average total assets excluding Coke gain

1.19

%

1.16

%

Return on average common shareholders' equity

15.51

%

12.10

%

Impact of excluding gain on sale of shares of The Coca-Cola Company

(3.35)

-

Return on average common shareholders' equity excluding Coke gain

12.16

%

12.10

%