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) October 18, 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 October 18, 2007, SunTrust Banks, Inc. (the “Registrant”) announced financial results for the second quarter ended September 30, 2007. A copy of the news release announcing the Registrant’s results for the second quarter ended September 30, 2007 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 second quarter ended September 30, 2007 on October 18, 2007, at 8:00 a.m. Eastern time. Additional presentation materials relating to such call are attached hereto as Exhibit 99.2 and are incorporated herein by reference.

All information in the news release and the presentation materials speak as of the date thereof and the Registrant does not assume any obligation to update said information in the future. In addition, the Registrant disclaims any inference regarding the materiality of such information which otherwise may arise as a result of its furnishing such information under Item 2.02 and/or Item 7.01 of this report on Form 8-K.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1 News release dated October 18, 2007 (furnished with the Commission as a part of this Form 8-K).

99.2 Presentation materials dated October 18, 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: October 18, 2007.	By:	/s/ Thomas E. Panther
		Thomas E. Panther,
		Senior Vice President and Controller

EX-99.1

Exhibit 99.1

News Release

Contact:
Investors	Media
Steve Shriner	Barry Koling
(404) 827-6714	(404) 230-5268

For Immediate Release

October 18, 2007

SunTrust Reports Third Quarter 2007 Earnings

Company Says Progress on Key Performance Initiatives Overshadowed by Earnings Impact of

Challenging Market Conditions

ATLANTA—SunTrust Banks, Inc. (NYSE: STI) today reported net income available to common shareholders for the third quarter of 2007 of $412.6 million compared to $535.6 million in the third quarter of 2006. Net income per average common diluted share was $1.18 compared to $1.47 in the third quarter of 2006. The results included approximately $161 million in net valuation losses, or $0.28 per diluted common share after tax, and $45 million in severance expenses, or $0.08 per diluted common share after tax.

“It’s disappointing that the positive impact of continuing progress in our broad-based program to drive enhanced shareholder value was overshadowed by the difficult market conditions that affected our industry in the third quarter and that, obviously, took a significant toll on our results,” said James M. Wells III, President and Chief Executive Officer of SunTrust.

Specifically, Mr. Wells noted that the positive impact of continued expense discipline and continued net interest margin expansion was, as anticipated, offset by a decline in market value of certain financial assets held by SunTrust and severance expense related to a previously announced efficiency initiative. Third quarter results also reflected a higher provision for loan losses attributable to the deterioration in the credit environment.

“Clearly, we are not immune to the deterioration in the housing market and related turmoil in the capital markets and change in the credit cycle,” Mr. Wells observed. “That said, we remain encouraged by the underlying strength in key product areas and by the progress of our ongoing drive to enhance productivity and efficiency across the Company.”

During the quarter, the Company recognized approximately $161 million in net valuation losses. The net losses pertained primarily to mark-to-market valuations on loan warehouses and trading assets and liabilities carried at fair value. Most of the losses are unrealized, and the Company continues to evaluate alternatives in order to maximize the economic value of these assets. The after-tax earnings impact of the $161 million in net valuation losses was $0.28 per diluted common share.

The Company also incurred $45 million in severance costs during the quarter. The severance costs are for employees impacted by the elimination of 2,400 jobs during 2007 and 2008. Approximately 1,000 employees were notified of position eliminations in late August. These positions were eliminated as part of the organization review aspect of the Company’s broad-based E² Efficiency and Productivity Program.

Third Quarter 2007 Consolidated Highlights:

	3rd Quarter 2007			3rd Quarter 2006			% Change
Income Statement
(Dollars in millions, except per share data)
Net income available to common shareholders	$	412.6		$	535.6		(23	)%
Net income available to common shareholders excluding severance charge		440.5			535.6		(18	)%
Net income per average common diluted share		1.18			1.47		(20	)%
Net income per average common diluted share excluding severance charge		1.26			1.47		(14	)%
Revenue – fully taxable-equivalent		2,038.4			2,032.8		—	%
Provision for loan losses		147.0			61.6		139	%
Noninterest income		819.1			858.9		(5	)%
Noninterest expense		1,291.2			1,205.5		7	%
Noninterest expense excluding severance charge		1,246.2			1,205.5		3	%
Net interest margin		3.18	%		2.93	%
Efficiency ratio		63.35	%		59.30	%
Efficiency ratio excluding severance charge		61.14	%		59.30	%
Balance Sheet
(Dollars in billions)
Average loans	$	119.6		$	120.7		(1	)%
Average consumer and commercial deposits		96.7			97.6		(1	)%
Capital
Tier 1 capital ratio (1)		7.45	%		7.70	%
Total average shareholders’ equity to total average assets		10.05	%		9.78	%
Tangible equity to tangible assets		6.32	%		6.42	%
Asset Quality
Net charge-offs to average loans (annualized) Nonperforming loans to total loans		0.34 0.83	% %		0.12 0.48	% %
(1) Current period Tier 1 capital ratio is estimated as of the earnings release date.

• Net income available to common shareholders decreased 23% and net income per average common diluted share decreased 20% from the third quarter of 2006 due to lower noninterest income related to net valuation losses recognized primarily on loan warehouses and trading assets carried at fair value and higher provision for loan losses.

• Fully taxable-equivalent revenue was flat compared to the third quarter of 2006, as net interest income growth was offset by the decline in noninterest income.

• Fully taxable-equivalent net interest income increased 4% from the third quarter of 2006. Net interest margin for the third quarter of 2007 was 3.18%, a 25 basis point improvement from the third quarter of 2006. The increase in net interest margin was largely the result of balance sheet management strategies executed in the first and second quarters of 2007.

• Noninterest income declined 5% from the third quarter of 2006, driven primarily by the mark-to-market losses on loan warehouses and trading assets carried at fair value. The impact of these unrealized valuation losses was partially offset by growth in service charges on deposit accounts, retail investment services, and mortgage servicing income.

• Noninterest expense increased 7% from the third quarter of 2006, driven by $49.5 million in net initial implementation costs associated with the E² initiatives, approximately $32 million resulting from the Company’s election to record at fair value certain newly-originated mortgage loans held for sale, a $33.6 million decrease in the accrued liability associated with a capital instrument that the Company intends to call and replace in the fourth quarter, and a $9.8 million charge resulting from the early extinguishment of debt. Excluding the impact of these third quarter of 2007 items, noninterest expense grew approximately 2.6%, driven primarily by increased operating losses.

• Total average loans and total average consumer and commercial deposits decreased 1% from the third quarter of 2006. The decline in average loans was due to loan sales associated with specific balance sheet

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management strategies that began in the second quarter of 2006 and were accelerated in the first half of 2007. The decline in average consumer and commercial deposits was driven mainly by declines in demand deposit, money market, and savings account balances.

• The estimated Tier 1 capital, total average shareholders’ equity to total average assets, and tangible equity to tangible asset ratios were 7.45%, 10.05%, and 6.32%, respectively. The Company maintains a Tier 1 capital ratio target of 7.5%.

• Given the flexibility gained through the capital restructuring program and balance sheet management strategies executed in the first half of 2007, the Company repurchased 10.2 million shares of common stock for approximately $850 million through an accelerated share repurchase agreement and open-market purchases year-to-date.

• Annualized net charge-offs were 0.34% of average loans for the third quarter of 2007, up from 0.12% of average loans in the third quarter of 2006 and 0.30% of average loans in the second quarter of 2007. The increase reflects the change in the credit cycle from the historically low net charge-offs experienced in the first nine months of 2006 and the negative impact from deterioration in certain segments of the consumer and residential real estate market. The increase in net charge-offs from the third quarter of 2006 was most pronounced in the home equity, residential mortgage, and commercial categories, though the increase in commercial was primarily related to a single borrower.

• Nonperforming loans to total loans increased to 0.83% as of September 30, 2007, from 0.48% as of September 30, 2006, due mainly to an increase in residential mortgage and real estate construction nonperforming loans. The increase in residential mortgage nonperforming loans was driven by the maturation of this portfolio and the deterioration of credit quality in Alt-A mortgage loans and home equity lines, of which the majority are well-collateralized or insured. The increase in real estate construction nonperforming loans is reflective of the overall weakening of the housing market.

CONSOLIDATED FINANCIAL PERFORMANCE

Revenue

Fully taxable-equivalent revenue was $2,038.4 million for the third quarter of 2007, which was flat compared to the third quarter of 2006, driven by net interest income growth that offset the decline in noninterest income. On a sequential annualized basis, fully taxable-equivalent revenue decreased 57% from the second quarter of 2007. Excluding securities gains and losses including the sale of The Coca-Cola Company stock in May 2007, fully taxable-equivalent revenue decreased 19% from the second quarter of 2007 on a sequential annualized basis primarily due to approximately $161 million of net valuation losses incurred in the third quarter of 2007.

For the nine months ended September 30, 2007, fully taxable-equivalent revenue was $6,480.1 million, up 5% from the same period in 2006. Excluding securities gains and losses and the net gain on sale of the Bond Trustee business, fully taxable-equivalent revenue was up 2% from the nine months ended September 30, 2006, due to modest growth in both net interest income and noninterest income.

Net Interest Income

Fully taxable-equivalent net interest income was $1,219.2 million in the third quarter of 2007, an increase of 4% from the third quarter of 2006. Net interest margin for the third quarter of 2007 was 3.18%, a 25 basis point improvement from the third quarter of 2006. On a sequential annualized basis, fully taxable-equivalent net interest income was flat compared to the second quarter of 2007. However, net interest margin increased 8 basis points from the second quarter of 2007, marking the third consecutive 8 basis point sequential quarter improvement. The continued improvement in net interest margin was driven mainly by balance sheet management strategies executed in the first half of this year, which has resulted in improved yields on earning assets, as well as de-leveraging the balance sheet and reducing the level of higher-cost wholesale funding. Average earning asset yields increased 8 basis points compared to the

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second quarter of 2007, while average interest bearing liability costs declined 1 basis point resulting in a 9 basis point increase in the interest rate spread.

For the nine months ended September 30, 2007, fully taxable-equivalent net interest income was $3,627.5 million, up 2% from the same period in 2006. Net interest margin for the nine months ended September 30, 2007 was 3.10%, an 8 basis point improvement over the same period in 2006. The improvement in fully taxable-equivalent net interest income and net interest margin over this period is mainly attributable to balance sheet management strategies executed this year.

Noninterest Income

Total noninterest income was $819.1 million for the third quarter of 2007, down 5% from the third quarter of 2006. The third quarter of 2006 included a $112.8 million gain, net of related expenses, on the sale of the Bond Trustee business, as well as $91.8 million in net securities losses resulting from the restructuring of a portion of the securities portfolio. The net impact of these transactions was a positive $21.0 million to total noninterest income in the third quarter of 2006. The other significant driver of the decline in noninterest income was the market value losses recognized on loan warehouses and trading assets carried at fair value. Specifically, in the third quarter of 2007, the Company incurred a net negative mark-to-market adjustment of approximately $161 million driven by market value declines in securitization warehouses, trading assets, and mortgage loans held for sale, as well as a positive mark on long-term corporate debt carried at fair value. The net impact of these adjustments caused a decline in trading account profits and commissions compared to the third quarter of 2006. However, trading account profits and commissions was positively impacted by stronger customer related trading activities, primarily derivatives. The negative market value losses recognized on mortgage loans held for sale was the key driver of the 74% decline in mortgage production income. The decline in mortgage production income was partially offset by the Company’s second quarter of 2007 election to record at fair value certain newly-originated mortgage loans held for sale, resulting in loan fees being recognized at time of origination rather than deferred and recognized as part of the gain/loss on sale.

Partially offsetting these reductions to noninterest income was growth in several areas, including trust and investment management income, service charges on deposit accounts, retail investment services, other charges and fees, card fees, and mortgage servicing-related income. Trust and investment management income grew 1% compared to the third quarter of 2006; however, this growth rate was negatively impacted by the merger of Lighthouse Partners into Lighthouse Investment Partners in the first quarter of 2007 and the sale of the Bond Trustee business in the third quarter of 2006. Growth in retail investment services income of 28% was driven by strong annuity sales. Growth in card fees of 9% was due to higher interchange fees. Growth in mortgage servicing income of 56% was primarily due to a larger servicing portfolio.

For the nine months ended September 30, 2007, noninterest income was $2,852.7 million, an increase of 10% from the same period in 2006. Excluding securities gains and losses and the net gain on sale of the Bond Trustee business, noninterest income increased 2% compared to the nine months ended September 30, 2006. The factors contributing to the growth were similar to those noted for the growth over the same quarter of last year.

Noninterest Expense

Total noninterest expense in the third quarter of 2007 was $1,291.2 million, up 7% from the third quarter of 2006. The third quarter of 2007 expense level was impacted by the following items:

• $49.5 million increase resulting from initial implementation costs associated with the E² initiatives incurred in the third quarter of 2007, of which $45.0 million was due to severance charges associated with the organizational review component of the Company’s E² Efficiency and Productivity Program. These initiatives generated $59.5 million of cost saves in the third quarter of 2007 and $140.1 million of cost saves thus far in 2007.

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• Approximately $32 million increase in compensation expense related to the Company’s election to record at fair value certain newly-originated mortgage loans held for sale. Under this election, costs associated with the origination of mortgage loans held for sale are recognized as a component of compensation expense when the loan is originated. Prior to the fair value election, these costs were deferred and recognized as part of the gain/loss on sale of the loan.

• $33.6 million decrease in the accrued liability associated with a capital instrument that the Company intends to call and replace in the fourth quarter.

• $9.8 million increase in other expense for the loss on early retirement of fixed rate debt that was carried at cost. The debt was not part of the Company’s fair value election as the interest on the debt was not being hedged.

Excluding the impact of the above items, expense growth was approximately 2.6% in the third quarter of 2007 relative to the same quarter last year, demonstrating the impact the E² initiatives had on controlling expense growth. This incremental expense growth was driven by a $42.2 million increase in operating losses primarily related to application fraud associated with mortgage loans.

For the nine months ended September 30, 2007, noninterest expense was $3,778.4 million, an increase of 4% compared to the same period in 2006. The factors impacting noninterest expense were similar to those noted for the growth over the same quarter of last year. Please refer to the Third Quarter 2007 Earnings Presentation for further information on year-to-date expense growth.

Balance Sheet

As of September 30, 2007, SunTrust had total assets of $175.9 billion. Shareholders’ equity of $17.9 billion as of September 30, 2007, represented 10% of total assets. Book value per common share was $50.01 as of September 30, 2007.

Loans

Average loans for the third quarter of 2007 were $119.6 billion, down $1.2 billion, or 1%, from the third quarter of 2006. The decline was due to balance sheet management strategies implemented since the second quarter of 2006 and accelerated in the first half of 2007. The strategies resulted in the sale of nearly $10 billion in loans over the past year, primarily comprised of mortgage, student, and corporate loans. Taking into account these loan sales, the Company had underlying loan growth across most categories. Compared to the second quarter of 2007, average loans were up $1.4 billion, or 5% on a sequential annualized basis, primarily driven by commercial loan growth.

Deposits

Average consumer and commercial deposits for the third quarter of 2007 were $96.7 billion, down 1% from the third quarter of 2006. The decrease in deposits was driven by declines in demand deposit, money market, and savings account balances. Given the higher-rate environment as compared to 2006, customer preference has been for higher-yielding products. This demand has driven the continuation of the deposit mix shift away from lower-rate products, such as demand deposits, toward higher-rate products, such as time deposits, the Company’s Signature Advantage deposit product, or other alternative investment products with higher rates. The alternative investment products include securities sold under agreements to repurchase and off-balance sheet products, such as STI Classic money market mutual funds. Total brokered and foreign deposits declined 24% from the third quarter of 2006, as the Company strategically reduced the size of its loan and securities portfolios thereby reducing reliance on these higher cost funding sources.

On a sequential annualized basis, average consumer and commercial deposits decreased 5% from the second quarter of 2007, driven by a 17% sequential annualized decrease in demand deposits. The third quarter is typically the weakest growth quarter of the year due to seasonality. The Company continues to aggressively pursue deposit growth initiatives.

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Capital

The estimated Tier 1 capital and tangible equity to tangible asset ratios at September 30, 2007 were 7.45% and 6.32%, a decline of 25 and 10 basis points, respectively, compared to September 30, 2006. In the second half of 2006, the Company executed a capital restructuring program and established a Tier 1 capital ratio target of 7.5%. Given the flexibility gained through the capital restructuring program and balance sheet management strategies, the Company repurchased 8.7 million shares of common stock for approximately $850 million through an accelerated share repurchase agreement and open-market purchases during the second quarter of 2007. Upon expiration of the accelerated share repurchase agreement, which resulted in the repurchase of 8.0 million shares in the second quarter, the Company received, without additional payment, an additional 1.5 million shares in the third quarter. As a result, year-to-date the Company has repurchased approximately 10.2 million shares.

Asset Quality

Annualized net charge-offs in the third quarter of 2007 were 0.34% of average loans, up from 0.12% in the third quarter of 2006 and 0.30% in the second quarter of 2007. Net charge-offs were $103.7 million in the third quarter of 2007, as compared to $36.1 million in the third quarter of 2006 and $88.3 million in the second quarter of 2007. The increase in net charge-offs over the third quarter of 2006 reflects the change in the credit cycle from historically low net charge-offs experienced in the first nine months of 2006 and the negative impact from deterioration in certain segments of the consumer and residential real estate market. The increase in net charge-offs from the third quarter of 2006 was most pronounced in the home equity, residential mortgage, and commercial categories, though the increase in commercial was primarily related to a single borrower. The increase compared to the second quarter of 2007 was most pronounced in the home equity and indirect consumer categories.

Nonperforming loans were $1,003.8 million, or 0.83% of total loans as of September 30, 2007, compared to $585.4 million, or 0.48% of total loans as of September 30, 2006 and $764.6 million, or 0.64% of total loans as of June 30, 2007. The increase in nonperforming loans compared to both periods was mainly due to an increase in residential mortgage and real estate construction nonperforming loans. The increase in residential mortgage nonperforming loans was driven by the maturation of this portfolio and the deterioration of credit quality in Alt-A mortgage loans and home equity lines, of which the majority is well-collateralized or insured. The increase in real estate construction nonperforming loans is reflective of the overall weakening of the housing market.

The allowance for loan and lease losses increased $43.3 million from June 30, 2007 to $1,093.7 million as of September 30, 2007. The increase in the allowance for loan and lease losses was attributable to a $2.0 billion increase in period-end loans compared to June 30, 2007 and the deterioration in certain segments of the consumer and residential real estate market, and resulted in a $42.3 million increase in provision for loan losses compared to the second quarter of 2007. The allowance for loan and lease losses as of September 30, 2007 represented 0.91% of period-end loans compared to 0.88% as of June 30, 2007. The allowance for loan and lease losses as of September 30, 2007 represented 109% of period-end nonperforming loans.

LINE OF BUSINESS FINANCIAL PERFORMANCE

The following discussion details results for SunTrust’s five business lines: Retail, Commercial, Corporate and Investment Banking, Mortgage, and Wealth and Investment Management. All revenue is reported on a fully taxable-equivalent basis. For the lines of business, results include net interest income which is computed using matched-maturity funds transfer pricing. Further, provision expense is represented by net charge-offs.

SunTrust also reports results for Corporate Other and Treasury, which includes the Treasury department as well as the residual expense associated with operational and support expense allocations. This segment also includes differences created between internal management accounting practices and Generally Accepted Accounting Principles, certain matched-maturity funds transfer pricing credits and

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charges, differences in provision expense compared to net charge-offs, as well as equity and its related impact.

Retail

preliminary data (in millions)	3rd Quarter 2007	3rd Quarter 2006	% Change
Net income	$153.0	$180.9	(15) %
Revenue - fully taxable-equivalent	856.8	852.2	1
Average total loans	32,065.8	30,834.6	4
Average total deposits	67,401.6	69,660.0	(3)

Three Months Ended September 30, 2007 vs. 2006

Retail’s net income for the third quarter of 2007 was $153.0 million, a decrease of $27.9 million, or 15%, compared to the third quarter of 2006. This decrease was primarily the result of higher provision expense and lower net interest income, partially offset by higher noninterest income.

Net interest income declined $10.5 million, or 2%, driven by a $2.3 billion, or 3%, decline in average deposits. Deposit spreads improved slightly despite the continued trend in customer preference towards higher-yielding deposit products. Specifically, increases in higher-cost NOW account products were offset by declines in lower-cost money market and demand deposit products. Total average loans increased $1.2 billion, or 4%, driven by growth in home equity, business banking, and newly-originated student loans. Retail continued to decrease its exposure to relatively low spread student consolidation loans where loans held for sale average balances declined $304 million, or 40%.

Provision for loan losses increased $45.3 million reflecting normalization of the credit cycle from historically low levels, as well as additional negative impact from the current deterioration in certain segments of the consumer portfolio, primarily related to the residential real estate market. The provision increase was most pronounced in the home equity and indirect auto products but also increased for commercial loans.

Total noninterest income increased $15.2 million, or 6%, from the third quarter of 2006. This increase was driven primarily by an 11% increase in service charges on deposit accounts from both consumer and business clients. Interchange and ATM fees also grew. Partially offsetting the fee income growth was a decrease in gains on sales of student loans.

Total noninterest expense increased $4.0 million, or less than 1%, from the third quarter of 2006. Increases in personnel expense related to investments in the branch distribution network and business banking were offset by a decrease in shared corporate expense allocations.

Nine Months Ended September 30, 2007 vs. 2006

Retail’s net income for the nine months ended September 30, 2007 was $475.6 million, a decrease of $63.5 million, or 12%, compared to the same period in 2006. The decrease was primarily the result of higher provision expense and lower net interest income, partially offset by higher noninterest income.

Net interest income decreased $21.1 million, or 1%, driven by the continued shift in deposit mix to higher-rate deposit products resulting in compressed spreads. Average deposits decreased $342.9 million, less than 1%, as increases in higher-cost time deposits and certain NOW account products were offset by declines in lower-cost money market and demand deposit balances. Net interest income from deposits decreased only 2% despite the shift to higher cost deposit products. Net interest income was also negatively impacted by a $768 million, or 55%, decrease in average loans held for sale, as Retail has decreased its exposure to relatively low spread student consolidation loans. Positively impacting net interest income was a $791 million, or 3%, increase in average loans driven by growth in home equity loans and business banking loans. These increases were partially offset by a decrease in indirect auto loans, direct installment, and newly-originated student loans.

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Provision for loan losses increased $100.3 million reflecting normalization of the credit cycle from historically low levels and deterioration in certain segments of the consumer portfolio, primarily related to the residential real estate market. The increase was most pronounced in home equity and indirect auto products.

Total noninterest income increased $18.6 million, or 2%. The increase was due to growth in service charges on deposit accounts driven by higher consumer and business client fees. Interchange income also grew driven by higher transaction volumes. These increases were partially offset by a decrease in gains on sales of student loans.

Total noninterest expense was flat compared to the same period in 2006. Decreases in amortization of core deposit intangibles and new loan production expense were partially offset by an increase in personnel expense related to investments in the branch distribution network and business banking.

Commercial

preliminary data (in millions)	3rd Quarter 2007	3rd Quarter 2006	% Change
Net income	$105.0	$109.1	(4) %
Revenue - fully taxable-equivalent	302.4	312.1	(3)
Average total loans	33,016.6	32,985.9	–
Average total deposits	14,031.7	13,601.1	5

Three Months Ended September 30, 2007 vs. 2006

Commercial’s net income for the third quarter of 2007 was $105.0 million, a decrease of $4.1 million, or 4%. The decrease was primarily the result of lower net interest income partially offset by higher noninterest income.

Net interest income decreased $14.1 million, or 6%. Although average deposits increased $430.6 million, or 3%, the continued shift in deposit mix to higher-rate deposit products decreased net interest income by $6.1 million. This compression in deposit spreads was primarily due to a decrease in demand deposits, as customers redeployed liquidity in the current rate environment to higher-yielding NOW accounts and off balance sheet sweep products. The increase in average deposits was driven by increases in institutional and government deposits, partially offset by decreases in lower-cost demand deposits and money market accounts. Average loans were relatively flat, increasing $30.8 million, while net interest income decreased $8.2 million, or 5%. While commercial domestic loan spreads were up slightly, commercial real estate spreads decreased.

Provision for loan losses was $3.0 million, an increase of $1.3 million compared to the third quarter of 2006.

Total noninterest income increased $4.5 million, or 6%, driven by increases in service charges on deposit accounts and higher referral revenues from the BankCard, equipment leasing, and capital markets products, partially offset by a decrease in business credit card income.

Total noninterest expense was relatively flat, increasing $0.8 million. Decreases in staff expense, credit and collection services, and shared corporate expense were more than offset by increased Affordable Housing- related expenses.

Nine Months Ended September 30, 2007 vs. 2006

Commercial’s net income for the nine months ended September 30, 2007 was $303.9 million, a decrease of $14.8 million, or 5%. The decrease was primarily driven by a decline in net interest income and higher provision expense, partially offset by higher noninterest income and lower noninterest expense.

Net interest income decreased $32.5 million, or 5%. Although average deposits increased $527.7 million, or 4%, the continued shift in deposit mix to higher-rate deposit products decreased net interest income $26.9 million. This compression in deposit spreads was primarily due to a decrease in demand

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deposits, as customers redeployed liquidity in the current rate environment to higher-yielding NOW accounts and off balance sheet sweep products. The increase in average deposits was driven by increases in institutional and government deposits, partially offset by decreases in lower-cost demand deposits and money market accounts. Average loans increased $565.0 million, or 2%, while net interest income decreased $4.5 million, or 1%. While commercial loan spreads were up slightly, commercial real estate spreads decreased.

Provision for loan losses increased $6.5 million compared to the same period in 2006.

Total noninterest income increased $7.8 million, or 4%, driven by increases in service charges on deposit accounts and higher referral revenues from the BankCard and capital markets products, partially offset by a decrease in business credit card income.

Total noninterest expense decreased $3.4 million, or 1%. Decreases in credit and collection services expense, various discretionary expenses, and shared corporate expenses were partially offset by increased Affordable Housing-related expenses.

Corporate and Investment Banking

preliminary data (in millions)	3rd Quarter 2007	3rd Quarter 2006	% Change
Net income	$(14.2)	$45.1	NM %
Revenue - fully taxable-equivalent	100.8	195.6	(48)
Average total loans	15,959.1	16,693.4	(4)
Average total deposits	3,462.2	2,885.3	20

“NM”—Not meaningful

Three Months Ended September 30, 2007 vs. 2006

Corporate and Investment Banking had a net loss of $14.2 million for the third quarter of 2007, a decrease of $59.2 million compared to the prior year. The decrease was driven by write-downs and losses primarily in securitization warehouses due to capital markets volatility associated with turmoil in the mortgage industry, lack of loan liquidity, and widening credit spreads.

Net interest income was relatively flat, decreasing $0.2 million. Average loan balances decreased $734.3 million, or 4%, while the corresponding net interest income increased 1% due to a 5 basis point increase in spreads. The decline in balances was driven by a $1.9 billion structured asset sale of corporate loans in the first quarter of 2007, partially offset by growth in corporate banking loans and lease financing assets. Total average deposits were up $576.9 million, or 20%, while net interest income was down $0.2 million. This increase in balances was primarily in higher cost money market accounts.

Provision for loan losses was $13.6 million, an increase of $7.8 million from the same period in 2006.

Total noninterest income decreased $94.6 million, or 67%. The decrease was primarily driven by write-downs and losses of approximately $121 million in collateralized debt obligations, mortgage-backed securities and collateralized loan obligation warehouses carried at fair value. Partially offsetting these losses were record performances in derivatives, structured leasing, and tax-exempt underwriting revenues, up 115%, 216%, and 42%, respectively.

Total noninterest expense decreased $8.3 million, or 7%, driven primarily by lower incentive-based compensation expense tied to revenue.

Nine Months Ended September 30, 2007 vs. 2006

Corporate and Investment Banking’s net income for the nine months ended September 30, 2007 was $99.0 million, a decrease of $66.6 million, or 40%. The decrease was driven by write-downs and losses primarily in securitization warehouses due to capital markets volatility created by turmoil in the mortgage industry, lack of loan liquidity, and widening credit spreads. In addition, higher provision for loan losses expense and lower net interest income contributed to the decline.

9

Net interest income decreased $15.2 million, or 8%. Average loan balances decreased $541.0 million, or 3%, while spreads declined 10 basis points resulting in a 13% decrease in loan related net interest income. The decline in balances was driven by a $1.9 billion structured asset sale of corporate loans in the first quarter of 2007, partially offset by growth in the corporate banking loans and lease financing assets. Total deposits were down $168.5 million, or 5%, driven by a decline in corporate demand deposit balances. Deposit related net interest income was down $3.8 million, or 8%, as deposit spreads dropped 21 basis points due to a shift to higher cost money market accounts. Partially offsetting these declines was improved net interest income on investments due to higher balances and favorable spreads.

Provision for loan losses was $30.4 million increasing from $5.0 million in the same period of 2006.

Total noninterest income decreased $65.5 million, or 14%. The decrease was primarily driven by write-downs and losses of approximately $134 million in collateralized debt obligations, mortgage-backed securities, and collateralized loan obligation warehouses carried at fair value, most of which occurred during the third quarter of 2007. Additional weakness in fixed income trading, equity offerings, loan related fees, and M&A was partially offset by strong performance in bond originations, corporate loan syndications, derivatives, and structured leasing.

Total noninterest expense decreased $0.1 million, driven by lower compensation expense resulting from lower revenue and lower shared corporate expenses, offset by the reversal of leveraged lease expense in the second quarter of 2006, increased salary expense, and higher outside processing expenses.

Mortgage

preliminary data (in millions)	3rd Quarter 2007	3rd Quarter 2006	% Change
Net income	$(12.0)	$64.2	NM %
Revenue - fully taxable-equivalent	221.5	253.6	(13)
Average total loans	30,084.2	31,619.8	(5)
Average total deposits	2,322.9	1,998.8	16

“NM” – Not meaningful

Three Months Ended September 30, 2007 vs 2006

Mortgage had a net loss of $12.0 million for the third quarter of 2007, a decrease in net income of $76.2 million. The decline was primarily a result of net valuation losses on the mortgage warehouse driven by mortgage spread widening and credit-related losses resulting from turmoil in the mortgage markets. Mortgage experienced approximately $88 million in losses from mortgage spread widening in the third quarter of 2007.

Net interest income decreased $23.9 million, or 15%. The decline was driven by decreases in average loans held for investment and average loans held for sale at compressed spreads, partially offset by higher investment securities balances. Average loans, primarily consumer mortgages and residential construction loans, declined $1.5 billion, or 5%, and resulted in a reduction in net interest income of $19.4 million. The decline in loans was a result of balance sheet management strategies initiated in the second half of 2006 and accelerated in the first half of 2007. Average loans held for sale declined $0.5 billion. The balance decline in conjunction with compressed spreads reduced net interest income $12.3 million. Offsetting these reductions was an increase in average investment securities of $4.0 billion which contributed $8.0 million to the change in net interest income.

Provision for loan losses increased $11.0 million to $11.7 million driven by higher consumer mortgage charge-offs.

Total noninterest income declined $8.2 million, or 8%, due to lower production income partially offset by higher servicing income. Total loan production of $12.6 billion was down $1.1 billion, or 8%, from the third quarter 2006. Production income declined $29.3 million, or 60%, due to net valuation losses caused by spread widening in mortgage markets partially offset by the recognition of loan origination fees resulting from the Company’s election to record certain mortgage loans at fair value beginning in May 2007. Mortgage servicing income was up $20.5 million, or 56%, principally due to higher fee income derived

10

from a larger servicing portfolio. At September 30, 2007, total loans serviced were $149.9 billion, up 20% from $124.8 billion at September 30, 2006.

Total noninterest expense was up $81.3 million, or 53%. The major drivers of the higher expense were a $35.0 million increase in operating losses, primarily due to loan application fraud related to customer misstatements of income and/or assets on Alt-A products originated in prior periods, and the recognition of loan origination costs resulting from the Company’s election to record certain mortgage loans at fair value in May 2007. The remaining increase was driven by other credit-related and growth- related costs.

Nine Months Ended September 30, 2007 vs 2006

Mortgage’s net income for the nine months ended September 30, 2007 was $37.6 million, a decline of $166.2 million, or 82%. The decline was a result of net valuation losses on the mortgage warehouse driven by mortgage spread widening and credit-related losses resulting from turmoil in the mortgage markets. Additionally, lower secondary marketing margins and higher growth and volume-related expense were partially offset by higher servicing income. Mortgage experienced approximately $88 million in losses from mortgage spread widening in the third quarter of 2007.

Net interest income declined $55.9 million, or 12%, principally due to declines in income on loans held for investment and loans held for sale at lower spreads, partially offset by increased income on deposits and investment securities. Total average loans were down $0.2 billion. The volume decline in conjunction with lower spreads resulted in a $36.5 million decline in net interest income. Loans held for sale increased $1.8 billion, however, compressed spreads resulted in a decline in net interest income of $31.8 million. Additionally, mortgage servicing rights increased $0.2 billion and combined with increased funding costs resulted in a $12.3 million decline in net interest income. Deposits were up $0.4 billion due to higher escrow balances and contributed $16.5 million to the change in net interest income. Investment securities were up $2.6 billion positively impacting the change in net interest income by $5.5 million.

Provision for loan losses was $35.0 million an increase of $29.3 million driven by higher consumer mortgage charge-offs.

Total noninterest income declined $53.5 million, or 17%, driven by lower production income that was partially offset by higher servicing income and other miscellaneous income. Total production of $45.4 billion was up $5.1 billion, or 13%, over the prior year. Production income declined $100.5 million due to narrower secondary marketing margins, as well as net valuation losses on the mortgage warehouse resulting from mortgage spread widening and credit-related charges. The decline in production income was partially offset by the recognition of loan origination fees resulting from the Company’s election to record certain mortgage loans at fair value in May of 2007. Total servicing income was up $25.1 million, or 23%, principally due to higher servicing balances and lower mortgage servicing rights amortization, partially offset by lower gains on sales of mortgage servicing rights. Other income was up $21.9 million due to increases in insurance income and trading account income. At September 30, 2007, total loans serviced were $149.9 billion, up 20% from $124.8 billion at September 30, 2006.

Total noninterest expense increased $132.0 million, or 29%. The major drivers of the higher expense were a $54.4 million increase in operating losses, primarily due to loan application fraud related to customer misstatements of income and/or assets on Alt-A products originated in prior periods, and the recognition of loan origination costs resulting from the Company’s election to record certain mortgage loans at fair value beginning in May 2007. The remaining increase was driven by other credit-related and growth-related costs.

11

Wealth and Investment Management

preliminary data (in millions)	3rd Quarter 2007	3rd Quarter 2006	% Change
Net income	$60.4	$123.2	(51) %
Revenue - fully taxable-equivalent	343.1	447.8	(23)
Average total loans	7,848.9	8,128.0	(3)
Average total deposits	9,608.3	9,534.1	1

Three Months Ended September 30, 2007 vs. 2006

Wealth and Investment Management’s net income for the third quarter of 2007 was $60.4 million, a decrease of $62.8 million, or 51%. The decrease was primarily due to the $69.9 million after-tax gain on sale of the Bond Trustee business in the third quarter of 2006. Excluding the gain on sale of the Bond Trustee business, net income increased $7.1 million or 13%. The increase was primarily driven by strong growth in retail investment income and lower noninterest expenses. These benefits were partially offset by the impact of the merger of Lighthouse Partners into Lighthouse Investment Partners in the first quarter of 2007, the loss of trust revenue due to the sale of the Bond Trustee business, and lower net interest income.

Net interest income decreased $7.2 million, or 8%, primarily due to a shift in deposit mix to higher cost deposits. Average deposits increased $0.1 billion, or 1%, due to an increase in higher-cost NOW accounts and time deposits, partially offset by declines in lower-cost demand and money market deposits resulting in a $4.8 million decrease in net interest income. Average loans decreased $0.3 billion, or 3%, reducing net interest income $2.2 million. The decline in average loans was driven by lower consumer mortgage and commercial lending balances, partially offset by growth in personal credit lines.

Provision for loan losses increased $1.2 million primarily due to higher home equity net charge-offs.

Total noninterest income decreased $97.4 million, or 27%, primarily driven by the $112.8 million third quarter 2006 gain on sale of the Bond Trustee business and the resulting loss in trust revenue. Despite lost trust revenue from the Lighthouse Partners merger in the first quarter of 2007 and the Bond Trustee sale, total trust income rose $1.4 million, or 1%. Retail investment income increased $15.4 million, or 28%, with particularly strong growth in annuity sales.

Total noninterest expense decreased $5.5 million, or 2%. Higher compensation expense related to retail investment sales was more than offset by decreases in discretionary expense, lower Lighthouse related expense, and a reduction in shared corporate expenses.

End of period assets under management were approximately $142.9 billion compared to $138.6 billion as of the same period last year. Approximately $5.4 billion in Lighthouse Partners assets were merged into Lighthouse Investment Partners and are not included in the September 30, 2007 total. 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 $253.0 billion, which includes $142.9 billion in assets under management, $59.3 billion in non-managed trust assets, $42.4 billion in retail brokerage assets, and $8.5 billion in non-managed corporate trust assets.

Nine Months Ended September 30, 2007 vs. 2006

Wealth and Investment Management’s net income for the nine months ended September 30, 2007 was $181.5 million, a decrease of $46.5 million, or 20%. The decrease was primarily due to the $69.9 million after-tax gain on sale of the Bond Trustee business in the third quarter of 2006. Excluding the gain on sale of the Bond Trustee business, net income increased $23.4 million, or 15%, and was driven by an after-tax gain on sale upon merger of Lighthouse Partners into Lighthouse Investment Partners of $20.2 million and increased retail investment income, partially offset by lower net interest income and higher noninterest expenses.

12

Net interest income decreased $12.5 million, or 5%, as the continued shift in deposit mix to higher cost products compressed spreads. Average deposits increased $0.5 billion, or 5%, due to increases in higher-cost NOW account products and time deposit balances, partially offset by decreases in lower-cost demand and money market deposits which reduced deposit spreads 27 basis points and net interest income $10.0 million. Average loans decreased $0.1 billion, or 1%, resulting in a $3.2 million decline in net interest income. The decline in average loans was driven by lower consumer mortgages and commercial loans, partially offset by growth in personal credit lines.

Provision for loan losses increased $4.2 million primarily due to higher home equity and personal credit lines net charge-offs.

Total noninterest income decreased $53.3 million, or 6%, primarily driven by the $112.8 million gain on sale of the Bond Trustee business in the third quarter of 2006. Excluding this gain, noninterest income increased $59.5 million, due to a $32.3 million gain on sale upon merger of Lighthouse Partners, as well as strong growth in retail investment income which increased $37.4 million, or 23%, mainly due to increased annuity sales. Negatively impacting noninterest income was the loss of trust revenues from the Lighthouse Partners merger and sale of the Bond Trustee business.

Total noninterest expense increased $5.9 million, or 1%. Growth was primarily attributable to increases in staff and intangible amortization expenses, partially offset by a decrease in shared corporate expenses.

Corporate Other and Treasury

preliminary data (in millions)	3rd Quarter 2007	3rd Quarter 2006	% Change
Net income	$127.9	$13.2	NM %
Average securities available for sale	14,935.9	23,869.1	(37)

“NM” – Not meaningful

Three Months Ended September 30, 2007 vs. 2006

Corporate Other and Treasury’s net income for the third quarter of 2007 was $127.9 million, an increase of $114.7 million compared to the third quarter of 2006. The increase was mainly driven by higher net interest income due to balance sheet management strategies executed in the first half of the year, an increase in noninterest income due to securities losses incurred in the third quarter of 2006, and net valuation gains recorded on securities and long-term corporate debt carried at fair value.

Net interest income increased $101.3 million mainly due to the execution of balance sheet management strategies which improved the yield on the securities portfolio and deleveraged the balance sheet reducing reliance on higher-cost wholesale funding. Total average assets decreased $9.0 billion, or 28%, mainly due to the reduction in the size of the investment portfolio. Total average deposits decreased $6.9 billion, or 25%, mainly due to a decrease in brokered and foreign deposits as the Company reduced its reliance on wholesale funding sources.

Provision for loan losses, which predominantly represents the difference between consolidated provision for loan losses and net charge-offs for the lines of business, increased $18.8 million. The increase is the result of the Company increasing the allowance for loan losses $43.3 million in the third quarter of 2007 compared to a $25.5 million increase in the third quarter of 2006.

Total noninterest income increased $140.8 million. This was mainly due to securities losses of $91.5 million incurred in the third quarter of 2006 and a $61.7 million increase in trading income due to net valuation gains recorded on securities and the Company’s long-term corporate debt carried at fair value.

Total noninterest expense increased $13.5 million compared to the third quarter of 2006. This increase included $45 million in severance costs associated with the E2 initiative. This increase was partially offset by a $33.6 million decrease in the accrued liability associated with a capital instrument that the Company intends to call and replace in the fourth quarter. Additionally, reductions in total staff expense in support functions and consulting expenses demonstrates the continued impact the E² Efficiency and Productivity Program had on controlling expense growth.

13

Nine Months Ended September 30, 2007 vs. 2006

Corporate Other and Treasury’s net income for the nine months ended September 30, 2007 was $525.4 million, an increase of $369.4 million compared to the same period in 2006. The increase was mainly driven by an increase in net interest income due to balance sheet management strategies executed in the first half of this year, a $145.6 million after-tax gain on sale of The Coca-Cola Company stock, securities losses resulting from the securities portfolio repositioning in the third quarter of 2006, and a net valuation gain on securities and long-term corporate debt carried at fair value.

Net interest income increased $201.4 million mainly due to the aforementioned balance sheet management strategies which improved the yield on the securities portfolio and reduced the Company’s reliance on wholesale funding sources. Total average assets decreased $6.3 billion, or 19%, primarily due to a reduction in the size of the securities portfolio. Total average deposits decreased $2.8 billion, or 11%, mainly due to a decrease in brokered and foreign deposits.

Provision for loan losses, which predominantly represents the difference between consolidated provision for loan losses and net charge-offs for the lines of business, decreased $4.4 million, or 7%.

Total noninterest income increased $412.7 million. This was mainly driven by the $234.8 million gain on sale of The Coca-Cola Company stock, securities losses resulting from the securities portfolio repositioning in the third quarter of 2006, and $114.7 million increase in trading income due to net valuation gains recorded on securities and the Company’s long-term corporate debt carried at fair value.

Total noninterest expense decreased $1.2 million compared to the same period in 2006. Included in the nine months ended September 30, 2007, was $50.7 million in initial implementation costs associated with the E² initiative, of which $45 million was severance. Positively impacting noninterest expense was a $33.6 million decrease in the accrued liability associated with a capital instrument that the Company intends to call and replace in the fourth quarter. Additionally, reductions in total staff expense in support functions and consulting expenses demonstrates the continued impact the E² Efficiency and Productivity Program had on controlling expense growth.

Corresponding Financial Tables and Information

Investors are encouraged to review the foregoing summary and discussion of SunTrust’s earnings and financial condition in conjunction with the detailed financial tables and information which SunTrust has also published today and SunTrust’s forthcoming quarterly report on Form 10-Q. Detailed financial tables and other information are 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.

This news release contains certain non-US GAAP financial measures to describe the 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.

Conference Call

SunTrust management will host a conference call on October 18, 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: 3Q07). Individuals calling from outside the United States should dial 1-517-308-9091 (Passcode: 3Q07). A replay of the call will be available beginning October 18, 2007, and ending November 2, 2007, by dialing 1-800-391-9847 (domestic) or 1-402-220-3093 (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, “3rd Quarter Earnings Release.” Beginning the afternoon of October 18, 2007, listeners may

14

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. 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,” “initiatives,” “targets,” “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, and speak as of the date hereof. Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward-looking statements. Factors that could cause 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 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 general business or economic conditions or the competitive banking environment; changes in market interest rates or capital markets; 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 residential or commercial real estate; increases in the cost of funds resulting from customers pursuing alternatives to bank deposits or shifting from demand deposits to higher-cost products; hurricanes and other natural disasters; competitive pressures among local, regional, national, and international banks, thrifts credit unions, and other financial institutions; litigation; the potential that the Company may acquire other institutions or may divest certain portions of its business; changes in accounting principles, policies, or guidelines; we carry certain financial instruments at fair value and are subject to market risk; we rely on other companies to provide key components of our business infrastructure; weakness in residential property values and mortgage loan markets could adversely affect us; and we may be required to repurchase mortgage loans or indemnify mortgage loan purchasers as a result of breaches of representations and warranties, borrower fraud, or certain borrower defaults, which could harm our liquidity, results of operations and financial condition.

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.

###

15

SunTrust Banks, Inc. and Subsidiaries

FINANCIAL HIGHLIGHTS

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

	Three Months Ended September 30				% Change		Nine Months Ended September 30				% Change
	2007		2006				2007		2006
EARNINGS & DIVIDENDS
Net income	$420.2		$535.6		(21.5	)%	$1,622.9		$1,611.1		0.7	%
Net income available to common shareholders	412.6		535.6		(23.0	)	1,600.5		1,611.1		(0.7	)
Net income available to common shareholders excluding gain on sale of shares of The Coca-Cola Company 1	412.6		535.6		(23.0	)	1,455.0		1,611.1		(9.7	)
Total revenue - FTE 2	2,038.4		2,032.8		0.3		6,480.1		6,149.1		5.4
Total revenue - FTE excluding net securities gains and losses and net gain on sale of Bond Trustee business 1	2,037.4		2,011.8		1.3		6,242.7		6,122.2		2.0
Net income per average common share
Diluted	1.18		1.47		(19.7	)	4.52		4.42		2.3
Diluted excluding gain on sale of shares of The Coca-Cola Company 1	1.18		1.47		(19.7	)	4.11		4.42		(7.0	)
Basic	1.19		1.48		(19.6	)	4.57		4.46		2.5
Dividends paid per average common share	0.73		0.61		19.7		2.19		1.83		19.7
CONDENSED BALANCE SHEETS
Selected Average Balances
Total assets	$174,653		$180,501		(3.2	)%	$178,694		$179,632		(0.5	)%
Earning assets	152,328		158,915		(4.1	)	156,439		157,860		(0.9	)
Loans	119,559		120,742		(1.0	)	119,739		119,066		0.6
Consumer and commercial deposits	96,708		97,643		(1.0	)	97,471		96,711		0.8
Brokered and foreign deposits	21,140		27,958		(24.4	)	23,925		26,614		(10.1	)
Total shareholders’ equity	17,550		17,662		(0.6	)	17,732		17,342		2.2
As of
Total assets	175,857		183,105		(4.0	)
Earning assets	151,229		160,288		(5.7	)
Loans	120,748		121,237		(0.4	)
Allowance for loan and lease losses	1,094		1,087		0.6
Consumer and commercial deposits	98,834		98,684		0.2
Brokered and foreign deposits	17,026		25,709		(33.8	)
Total shareholders’ equity	17,907		18,589		(3.7	)
FINANCIAL RATIOS & OTHER DATA
Return on average total assets	0.95	%	1.18	%	(19.5	)%	1.21	%	1.20	%	0.8	%
Return on average assets less net unrealized securities gains 1	0.93		1.28		(27.3	)	1.09		1.22		(10.7	)
Return on average common shareholders’ equity	9.60		12.10		(20.7	)	12.42		12.45		(0.2	)
Return on average realized common shareholders’ equity 1	9.86		13.73		(28.2	)	11.70		13.24		(11.6	)
Net interest margin 2	3.18		2.93		8.5		3.10		3.02		2.6
Efficiency ratio 2	63.35		59.30		6.8		58.31		59.29		(1.7	)
Tangible efficiency ratio 1	62.13		58.03		7.1		57.18		58.01		(1.4	)
Effective tax rate	26.68		27.94		(4.5	)	29.99		29.71		0.9
Tier 1 capital ratio	7.45	3	7.70		(3.2	)
Total capital ratio	10.75	3	11.07		(2.9	)
Tier 1 leverage ratio	7.30	3	7.27		0.4
Total average shareholders’ equity to total average assets	10.05		9.78		2.8		9.92		9.65		2.8
Tangible equity to tangible assets 1	6.32		6.42		(1.6	)
Full-time equivalent employees	32,903		34,293		(4.1	)
Number of ATMs	2,518		2,568		(1.9	)
Full service banking offices	1,683		1,699		(0.9	)
Traditional	1,339		1,347		(0.6	)
In-store	344		352		(2.3	)
Book value per common share	$50.01		$49.71		0.6
Market price:
High	90.47		81.59		10.9		94.18		81.59		15.4
Low	73.61		75.11		(2.0	)	73.61		69.68		5.6
Close	75.67		77.28		(2.1	)	75.67		77.28		(2.1	)
Market capitalization	26,339		28,120		(6.3	)
Average common shares outstanding (000s)
Diluted	349,592		365,121		(4.3	)	354,244		364,322		(2.8	)
Basic	346,150		361,805		(4.3	)	350,501		361,009		(2.9	)

¹ See Appendix A and Appendix B for reconcilements of non-GAAP performance measures.

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
	September 30 2007		June 30 2007		March 31 2007		December 31 2006		September 30 2006
EARNINGS & DIVIDENDS
Net income	$420.2		$681.4		$521.2		$506.3		$535.6
Net income available to common shareholders	412.6		673.9		513.9		498.6		535.6
Net income available to common shareholders excluding gain on sale of shares of The Coca-Cola Company1	412.6		528.3		513.9		498.6		535.6
Total revenue - FTE 2	2,038.4		2,374.6		2,067.2		2,067.7		2,032.8
Total revenue - FTE excluding net securities gains and losses and net gain on sale of Bond Trustee business 1	2,037.4		2,138.2		2,067.2		2,032.4		2,011.8
Net income per average common share
Diluted	1.18		1.89		1.44		1.39		1.47
Diluted excluding gain on sale of shares of The Coca-Cola Company 1	1.18		1.48		1.44		1.39		1.47
Basic	1.19		1.91		1.45		1.41		1.48
Dividends paid per average common share	0.73		0.73		0.73		0.61		0.61
CONDENSED BALANCE SHEETS
Selected Average Balances
Total assets	$174,653		$179,996		$181,506		$182,343		$180,501
Earning assets	152,328		157,594		159,474		160,115		158,915
Loans	119,559		118,165		121,515		121,364		120,742
Consumer and commercial deposits	96,708		97,927		97,792		98,553		97,643
Brokered and foreign deposits	21,140		23,983		26,714		26,124		27,958
Total shareholders’ equity	17,550		17,928		17,720		18,155		17,662
As of
Total assets	175,857		180,314		186,385		182,162		183,105
Earning assets	151,229		157,095		163,299		159,064		160,288
Loans	120,748		118,788		116,913		121,454		121,237
Allowance for loan and lease losses	1,094		1,050		1,034		1,045		1,087
Consumer and commercial deposits	98,834		97,822		99,875		99,776		98,684
Brokered and foreign deposits	17,026		25,069		23,563		24,246		25,709
Total shareholders’ equity	17,907		17,369		17,969		17,814		18,589
FINANCIAL RATIOS & OTHER DATA
Return on average total assets	0.95	%	1.52	%	1.16	%	1.10	%	1.18	%
Return on average assets less net unrealized securities gains 1	0.93		1.18		1.15		1.04		1.28
Return on average common shareholders’ equity	9.60		15.51		12.10		11.20		12.10
Return on average realized common shareholders’ equity 1	9.86		12.71		12.54		11.17		13.73
Net interest margin 2	3.18		3.10		3.02		2.94		2.93
Efficiency ratio 2	63.35		52.69		59.79		59.67		59.30
Tangible efficiency ratio 1	62.13		51.64		58.65		58.49		58.03
Effective tax rate	26.68		31.45		30.59		27.07		27.94
Tier 1 capital ratio	7.45	3	7.49		7.60		7.72		7.70
Total capital ratio	10.75	3	10.67		10.94		11.11		11.07
Tier 1 leverage ratio	7.30	3	7.11		7.24		7.23		7.27
Total average shareholders’ equity to total average assets	10.05		9.96		9.76		9.96		9.78
Tangible equity to tangible assets 1	6.32		5.85		5.97		6.03		6.42
Full-time equivalent employees	32,903		33,241		33,397		33,599		34,293
Number of ATMs	2,518		2,533		2,543		2,569		2,568
Full service banking offices	1,683		1,685		1,691		1,701		1,699
Traditional	1,339		1,338		1,338		1,349		1,347
In-store	344		347		353		352		352
Book value per common share	$50.01		$48.33		$49.00		$48.78		$49.71
Market price:
High	90.47		94.18		87.43		85.64		81.59
Low	73.61		78.16		80.76		76.76		75.11
Close	75.67		85.74		83.04		84.45		77.28
Market capitalization	26,339		29,928		29,604		29,972		28,120
Average common shares outstanding (000s)
Diluted	349,592		356,008		357,214		358,292		365,121
Basic	346,150		351,987		353,448		354,677		361,805

¹ See Appendix A and Appendix B for reconcilements of non-GAAP performance measures.

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 September 30				Increase/(Decrease) 3
	2007		2006		Amount		%
ASSETS
Cash and due from banks	$4,162,456		$4,066,173		$96,283		2.4	%
Interest-bearing deposits in other banks	29,684		39,982		(10,298	)	(25.8	)
Funds sold and securities purchased under agreements to resell	968,553		1,147,423		(178,870	)	(15.6	)
Trading assets	9,566,806		3,675,917		5,890,889		NM
Securities available for sale1	15,243,133		25,553,320		(10,310,187	)	(40.3	)
Loans held for sale (loans at fair value: $5,681,549 as of	8,675,427		11,501,646		(2,826,219	)	(24.6	)
September 30, 2007)
Loans:
Commercial	34,969,714		35,018,715		(49,001	)	(0.1	)
Real estate:
Home equity lines	14,598,774		14,014,617		584,157		4.2
Construction	14,358,990		13,595,924		763,066		5.6
Residential mortgages	31,603,884		33,711,399		(2,107,515	)	(6.3	)
Commercial real estate	12,487,309		12,459,023		28,286		0.2
Consumer:
Direct	4,419,290		4,082,257		337,033		8.3
Indirect	7,642,099		8,022,512		(380,413	)	(4.7	)
Credit card	668,353		332,947		335,406		NM
Total loans	120,748,413		121,237,394		(488,981	)	(0.4	)
Allowance for loan and lease losses	(1,093,691	)	(1,087,316	)	6,375		0.6
Net loans	119,654,722		120,150,078		(495,356	)	(0.4	)
Goodwill	6,912,110		6,903,001		9,109		0.1
Other intangible assets	1,327,060		1,120,102		206,958		18.5
Other assets	9,317,278		8,946,911		370,367		4.1
Total assets2	$175,857,229		$183,104,553		($7,247,324	)	(4.0	)
LIABILITIES
Noninterest-bearing consumer and commercial deposits	$20,857,240		$22,813,455		($1,956,215	)	(8.6	)%
Interest-bearing consumer and commercial deposits:
NOW accounts	20,319,435		17,508,754		2,810,681		16.1
Money market accounts	24,011,524		23,803,496		208,028		0.9
Savings	4,376,155		5,699,545		(1,323,390)		(23.2	)
Consumer time	17,037,866		16,615,445		422,421		2.5
Other time	12,231,832		12,243,372		(11,540)		(0.1	)
Total consumer and commercial deposits	98,834,052		98,684,067		149,985		0.2
Brokered deposits (CDs at fair value: $189,513 as of September 30, 2007; $84,955 as of September 30, 2006)	14,188,886		18,264,554		(4,075,668	)	(22.3	)
Foreign deposits	2,836,775		7,444,329		(4,607,554	)	(61.9	)
Total deposits	115,859,713		124,392,950		(8,533,237	)	(6.9	)
Funds purchased	1,512,054		5,926,570		(4,414,516	)	(74.5	)
Securities sold under agreements to repurchase	5,548,486		7,362,480		(1,813,994	)	(24.6	)
Other short-term borrowings	2,971,761		1,744,479		1,227,282		70.4
Long-term debt (notes at fair value: $6,859,983 as of September 30, 2007)	22,661,381		17,477,276		5,184,105		29.7
Trading liabilities	1,906,002		1,611,648		294,354		18.3
Other liabilities	7,490,585		5,999,843		1,490,742		24.8
Total liabilities	157,949,982		164,515,246		(6,565,264	)	(4.0	)
SHAREHOLDERS’ EQUITY
Preferred stock, no par value	500,000		500,000		-		-
Common stock, $1.00 par value	370,578		370,578		-		-
Additional paid in capital	6,709,002		6,735,458		(26,456	)	(0.4	)
Retained earnings	10,897,059		10,258,441		638,618		6.2
Treasury stock, at cost, and other	(1,821,360	)	(453,934	)	1,367,426		NM
Accumulated other comprehensive income	1,251,968		1,178,764		73,204		6.2
Total shareholders’ equity	17,907,247		18,589,307		(682,060	)	(3.7	)
Total liabilities and shareholders’ equity	$175,857,229		$183,104,553		($7,247,324	)	(4.0	)
Common shares outstanding	348,073,971		363,868,470		(15,794,499	)	(4.3	)
Common shares authorized	750,000,000		750,000,000		-		-
Preferred shares outstanding	5,000		5,000		-		-
Preferred shares authorized	50,000,000		50,000,000		-		-
Treasury shares of common stock	22,504,427		6,709,928		15,794,499		NM
1 Includes net unrealized gains of	$2,391,606		$1,915,277		$476,329		24.9	%
2 Includes earning assets of	151,228,575		160,287,584		(9,059,009	)	(5.7	)

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

Page 3

SunTrust Banks, Inc. and Subsidiaries

FIVE QUARTER CONSOLIDATED BALANCE SHEETS

(Dollars in thousands) (Unaudited)

	As of
	September 30 2007		June 30 2007		March 31 2007		December 31 2006		September 30 2006
ASSETS
Cash and due from banks	$4,162,456		$4,254,430		$3,867,957		$4,235,889		$4,066,173
Interest-bearing deposits in other banks	29,684		25,991		21,974		21,810		39,982
Funds sold and securities purchased under agreements to resell	968,553		1,143,995		883,833		1,050,046		1,147,423
Trading assets	9,566,806		13,044,972		21,545,502		2,777,629		3,675,917
Securities available for sale 1	15,243,133		14,725,957		13,163,036		25,101,715		25,553,320
Loans held for sale	8,675,427		12,474,932		14,067,788		11,790,122		11,501,646
Loans:
Commercial	34,969,714		34,362,837		33,484,170		34,613,882		35,018,715
Real estate:
Home equity lines	14,598,774		14,303,659		14,039,685		14,102,655		14,014,617
Construction	14,358,990		14,417,949		14,175,478		13,892,988		13,595,924
Residential mortgages	31,603,884		30,759,216		30,248,543		33,830,101		33,711,399
Commercial real estate	12,487,309		12,416,329		12,454,475		12,567,824		12,459,023
Consumer:
Direct	4,419,290		4,391,739		4,293,308		4,160,091		4,082,257
Indirect	7,642,099		7,739,369		7,840,962		7,936,102		8,022,512
Credit card	668,353		396,624		375,938		350,690		332,947
Total loans	120,748,413		118,787,722		116,912,559		121,454,333		121,237,394
Allowance for loan and lease losses	(1,093,691	)	(1,050,362	)	(1,033,939	)	(1,044,521	)	(1,087,316	)
Net loans	119,654,722		117,737,360		115,878,620		120,409,812		120,150,078
Goodwill	6,912,110		6,897,050		6,896,723		6,889,860		6,903,001
Other intangible assets	1,327,060		1,290,460		1,293,457		1,181,984		1,120,102
Other assets	9,317,278		8,719,225		8,765,951		8,702,742		8,946,911
Total assets 2	$175,857,229		$180,314,372		$186,384,841		$182,161,609		$183,104,553
LIABILITIES
Noninterest-bearing consumer and commercial deposits	$20,857,240		$22,725,654		$22,765,045		$22,887,176		$22,813,455
Interest-bearing consumer and commercial deposits:
NOW accounts	20,319,435		20,255,930		20,802,207		20,230,763		17,508,754
Money market accounts	24,011,524		21,645,616		22,070,587		22,371,828		23,803,496
Savings	4,376,155		4,698,516		5,102,312		5,198,980		5,699,545
Consumer time	17,037,866		16,745,010		17,044,783		16,824,239		16,615,445
Other time	12,231,832		11,751,246		12,089,882		12,262,902		12,243,372
Total consumer and commercial deposits	98,834,052		97,821,972		99,874,816		99,775,888		98,684,067
Brokered deposits	14,188,886		16,659,978		18,203,295		18,150,059		18,264,554
Foreign deposits	2,836,775		8,408,752		5,360,164		6,095,682		7,444,329
Total deposits	115,859,713		122,890,702		123,438,275		124,021,629		124,392,950
Funds purchased	1,512,054		3,405,459		6,433,195		4,867,591		5,926,570
Securities sold under agreements to repurchase	5,548,486		6,081,096		6,851,863		6,950,426		7,362,480
Other short-term borrowings	2,971,761		2,083,518		1,958,438		2,062,636		1,744,479
Long-term debt	22,661,381		20,604,933		19,007,959		18,992,905		17,477,276
Trading liabilities	1,906,002		2,156,279		1,642,958		1,634,097		1,611,648
Other liabilities	7,490,585		5,723,532		9,083,615		5,818,719		5,999,843
Total liabilities	157,949,982		162,945,519		168,416,303		164,348,003		164,515,246
SHAREHOLDERS’ EQUITY
Preferred stock, no par value	500,000		500,000		500,000		500,000		500,000
Common stock, $1.00 par value	370,578		370,578		370,578		370,578		370,578
Additional paid in capital	6,709,002		6,589,387		6,688,660		6,627,196		6,735,458
Retained earnings	10,897,059		10,739,449		10,325,246		10,541,152		10,258,441
Treasury stock, at cost, and other	(1,821,360	)	(1,751,449	)	(1,101,172	)	(1,151,269	)	(453,934	)
Accumulated other comprehensive income	1,251,968		920,888		1,185,226		925,949		1,178,764
Total shareholders’ equity	17,907,247		17,368,853		17,968,538		17,813,606		18,589,307
Total liabilities and shareholders’ equity	$175,857,229		$180,314,372		$186,384,841		$182,161,609		$183,104,553
Common shares outstanding	348,073,971		349,052,800		356,504,563		354,902,566		363,868,470
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		5,000		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	22,504,427		21,525,598		14,073,835		15,675,832		6,709,928
1 Includes net unrealized gains of	$2,391,606		$2,035,623		$2,333,896		$2,103,362		$1,915,277
2 Includes earning assets of	151,228,575		157,094,873		163,299,162		159,063,834		160,287,584

Page 4

SunTrust Banks, Inc. and Subsidiaries

CONSOLIDATED STATEMENTS OF INCOME

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

	Three Months Ended								Nine Months Ended
	September 30				Increase/(Decrease) 2				September 30			Increase/(Decrease) 2
	2007		2006		Amount		%		2007	2006		Amount		%
Interest income	$2,515,292		$2,525,489		($10,197	)	(0.4	)%	$7,587,219	$7,227,289		$359,930		5.0	%
Interest expense	1,323,104		1,374,097		(50,993	)	(3.7	)	4,035,188	3,728,113		307,075		8.2
NET INTEREST INCOME	1,192,188		1,151,392		40,796		3.5		3,552,031	3,499,176		52,855		1.5
Provision for loan losses	147,020		61,568		85,452		NM		308,141	146,730		161,411		NM
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	1,045,168		1,089,824		(44,656	)	(4.1	)	3,243,890	3,352,446		(108,556	)	(3.2	)
NONINTEREST INCOME
Service charges on deposit accounts	213,939		194,262		19,677		10.1		599,818	572,092		27,726		4.8
Trust and investment management income	175,242		173,717		1,525		0.9		514,180	517,617		(3,437	)	(0.7	)
Retail investment services	71,064		55,544		15,520		27.9		206,392	168,974		37,418		22.1
Other charges and fees	120,730		113,347		7,383		6.5		357,225	339,677		17,548		5.2
Investment banking income	47,688		47,046		642		1.4		159,844	159,342		502		0.3
Trading account profits and commissions	(31,187	)	20,404		(51,591	)	NM		75,451	103,461		(28,010	)	(27.1	)
Card fees	70,450		64,916		5,534		8.5		203,225	183,460		19,765		10.8
Mortgage production related income	12,950		50,336		(37,386	)	(74.3	)	68,617	169,952		(101,335	)	(59.6	)
Mortgage servicing related income	57,142		36,633		20,509		56.0		138,072	112,744		25,328		22.5
Net gain on sale of Bond Trustee business	-		112,759		(112,759	)	(100.0	)	-	112,759		(112,759	)	(100.0	)
Gain on sale upon merger of Lighthouse Partners	-		-		-		-		32,340	-		32,340		100.0
Other noninterest income	80,130		81,783		(1,653	)	(2.0	)	260,080	231,582		28,498		12.3
Securities gains/(losses), net	991		(91,816	)	92,807		NM		237,423	(85,854	)	323,277		NM
Total noninterest income	819,139		858,931		(39,792	)	(4.6	)	2,852,667	2,585,806		266,861		10.3
NONINTEREST EXPENSE
Employee compensation and benefits	677,765		674,322		3,443		0.5		2,087,378	2,068,360		19,018		0.9
Net occupancy expense	87,626		85,613		2,013		2.4		258,533	248,367		10,166		4.1
Outside processing and software	105,132		98,699		6,433		6.5		305,538	292,038		13,500		4.6
Equipment expense	51,532		50,249		1,283		2.6		154,764	147,804		6,960		4.7
Marketing and customer development	46,897		35,932		10,965		30.5		135,928	127,956		7,972		6.2
Amortization of intangible assets	24,820		25,792		(972	)	(3.8	)	73,266	78,922		(5,656	)	(7.2	)
Loss on extinguishment of debt	9,800		-		9,800		100.0		9,800	-		9,800		100.0
Other noninterest expense	287,673		234,892		52,781		22.5		753,229	682,636		70,593		10.3
Total noninterest expense	1,291,245		1,205,499		85,746		7.1		3,778,436	3,646,083		132,353		3.6
INCOME BEFORE PROVISION FOR INCOME TAXES	573,062		743,256		(170,194	)	(22.9	)	2,318,121	2,292,169		25,952		1.1
Provision for income taxes	152,898		207,668		(54,770	)	(26.4	)	695,230	681,052		14,178		2.1
Net income	420,164		535,588		(115,424	)	(21.6	)	1,622,891	1,611,117		11,774		0.7
Preferred dividends	7,526		-		7,526		100.0		22,408	-		22,408		100.0
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS	$412,638		$535,588		($122,950	)	(23.0	)	$1,600,483	$1,611,117		($10,634	)	(0.7	)
Net interest income - FTE 1	$1,219,243		$1,173,860		$45,383		3.9		$3,627,467	$3,563,265		$64,202		1.8
Net income per average common share
Diluted	1.18		1.47		(0.29	)	(19.7	)	4.52	4.42		0.10		2.3
Basic	1.19		1.48		(0.29	)	(19.6	)	4.57	4.46		0.11		2.5
Cash dividends paid per common share	0.73		0.61		0.12		19.7		2.19	1.83		0.36		19.7
Average common shares outstanding (000s)
Diluted	349,592		365,121		(15,529	)	(4.3	)	354,244	364,322		(10,078	)	(2.8	)
Basic	346,150		361,805		(15,655	)	(4.3	)	350,501	361,009		(10,508	)	(2.9	)

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
	September 30 2007		June 30 2007	March 31 2007		December 31 2006	September 30 2006
Interest income	$2,515,292		$2,543,870	$2,528,057		$2,564,731	$2,525,489
Interest expense	1,323,104		1,348,586	1,363,498		1,403,442	1,374,097
NET INTEREST INCOME	1,192,188		1,195,284	1,164,559		1,161,289	1,151,392
Provision for loan losses	147,020		104,680	56,441		115,806	61,568
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	1,045,168		1,090,604	1,108,118		1,045,483	1,089,824
NONINTEREST INCOME
Service charges on deposit accounts	213,939		196,844	189,035		191,628	194,262
Trust and investment management income	175,242		164,620	174,318		169,248	173,717
Retail investment services	71,064		71,785	63,543		65,000	55,544
Other charges and fees	120,730		118,358	118,137		122,386	113,347
Investment banking income	47,688		61,999	50,157		71,211	47,046
Trading account profits and commissions	(31,187	)	16,437	90,201		9,586	20,404
Card fees	70,450		68,580	64,195		64,187	64,916
Mortgage production related income	12,950		64,322	(8,655	)	47,476	50,336
Mortgage servicing related income	57,142		45,527	35,403		8,994	36,633
Net gain on sale of Bond Trustee business	-		-	-		-	112,759
Gain on sale upon merger of Lighthouse Partners	-		-	32,340		-	-
Other noninterest income	80,130		109,738	70,212		97,473	81,783
Securities gains/(losses), net	991		236,412	20		35,377	(91,816	)
Total noninterest income	819,139		1,154,622	878,906		882,566	858,931
NONINTEREST EXPENSE
Employee compensation and benefits	677,765		710,613	699,000		657,093	674,322
Net occupancy expense	87,626		84,650	86,257		85,846	85,613
Outside processing and software	105,132		100,730	99,676		101,538	98,699
Equipment expense	51,532		53,823	49,409		49,234	50,249
Marketing and customer development	46,897		43,326	45,705		45,249	35,932
Amortization of intangible assets	24,820		24,904	23,542		24,304	25,792
Loss on extinguishment of debt	9,800		-	-		11,665	-
Other noninterest expense	287,673		233,148	232,408		258,848	234,892
Total noninterest expense	1,291,245		1,251,194	1,235,997		1,233,777	1,205,499
INCOME BEFORE PROVISION FOR INCOME TAXES	573,062		994,032	751,027		694,272	743,256
Provision for income taxes	152,898		312,601	229,731		187,918	207,668
Net income	420,164		681,431	521,296		506,354	535,588
Preferred dividends	7,526		7,519	7,363		7,729	-
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS	$412,638		$673,912	$513,933		$498,625	$535,588
Net interest income - FTE 1	$1,219,243		$1,219,952	$1,188,272		$1,185,166	$1,173,860
Net income per average common share
Diluted	1.18		1.89	1.44		1.39	1.47
Basic	1.19		1.91	1.45		1.41	1.48
Cash dividends paid per common share	0.73		0.73	0.73		0.61	0.61
Average common shares outstanding (000s)
Diluted	349,592		356,008	357,214		358,292	365,121
Basic	346,150		351,987	353,448		354,677	361,805

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
	September 30, 2007					June 30, 2007
	Average Balances		Interest Income/ Expense	Yields/ Rates		Average Balances		Interest Income/ Expense	Yields/ Rates
ASSETS
Loans:
Real estate 1-4 family	$31,003.5		$498.5	6.43	%	$30,754.4		$493.2	6.42	%
Real estate construction	13,686.6		260.0	7.54		13,710.1		259.4	7.59
Real estate home equity lines	14,133.1		279.5	7.85		13,849.7		272.4	7.89
Real estate commercial	12,759.3		225.3	7.01		12,731.8		220.8	6.95
Commercial - FTE 1	34,247.9		562.6	6.52		33,607.7		539.6	6.44
Business credit card	516.3		4.2	3.29		403.7		5.9	5.80
Consumer - direct	4,368.0		80.0	7.26		4,347.5		78.2	7.21
Consumer - indirect	7,966.4		124.6	6.21		8,063.6		123.1	6.12
Nonaccrual and restructured	877.5		3.8	1.72		696.1		4.8	2.76
Total loans	119,558.6		2,038.5	6.76		118,164.6		1,997.4	6.78
Securities available for sale:
Taxable	11,546.2		179.7	6.23		11,014.3		167.7	6.09
Tax-exempt - FTE 1	1,040.9		15.8	6.05		1,041.2		15.2	5.85
Total securities available for sale - FTE 1	12,587.1		195.5	6.21		12,055.5		182.9	6.07
Funds sold and securities purchased under agreements to resell	872.5		11.1	4.99		1,038.1		13.2	5.04
Loans held for sale	9,748.0		155.6	6.39		13,454.3		200.4	5.96
Interest-bearing deposits	24.9		0.3	4.28		24.1		0.3	5.74
Interest earning trading assets	9,536.5		141.2	5.88		12,857.6		174.3	5.44
Total earning assets	152,327.6		2,542.2	6.62		157,594.2		2,568.5	6.54
Allowance for loan and lease losses	(1,059.1	)				(1,037.6	)
Cash and due from banks	3,417.2					3,427.7
Premises and equipment	1,924.6					1,980.1
Other assets	14,795.3					14,646.8
Noninterest earning trading assets	1,155.9					986.6
Unrealized gains on securities available for sale, net	2,091.9					2,398.7
Total assets	$174,653.4					$179,996.5
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing deposits:
NOW accounts	$19,543.4		$117.9	2.39	%	$20,065.8		$119.0	2.38	%
Money market accounts	22,560.3		160.0	2.81		21,773.3		142.0	2.62
Savings	4,456.5		13.3	1.19		4,786.7		14.8	1.24
Consumer time	16,839.9		193.4	4.56		16,942.3		190.5	4.51
Other time	11,862.4		146.3	4.89		11,962.4		144.5	4.85
Total interest-bearing consumer and commercial deposits	75,262.5		630.9	3.33		75,530.5		610.8	3.24
Brokered deposits	15,806.3		214.6	5.31		16,972.2		227.5	5.30
Foreign deposits	5,333.6		68.8	5.05		7,011.2		92.9	5.24
Total interest-bearing deposits	96,402.4		914.3	3.76		99,513.9		931.2	3.75
Funds purchased	2,291.3		28.9	4.94		3,967.7		52.2	5.21
Securities sold under agreements to repurchase	5,732.2		64.7	4.42		6,339.0		74.4	4.64
Interest-bearing trading liabilities	354.1		3.4	3.85		453.1		4.4	3.87
Other short-term borrowings	2,730.1		33.6	4.89		2,262.3		28.3	5.02
Long-term debt	21,143.5		278.1	5.22		19,772.4		258.0	5.24
Total interest-bearing liabilities	128,653.6		1,323.0	4.08		132,308.4		1,348.5	4.09
Noninterest-bearing deposits	21,445.1					22,395.8
Other liabilities	5,633.7					6,185.4
Noninterest-bearing trading liabilities	1,370.8					1,178.8
Shareholders’ equity	17,550.2					17,928.1
Total liabilities and shareholders’ equity	$174,653.4					$179,996.5
Interest Rate Spread				2.54	%				2.45	%
Net Interest Income - FTE 1			$1,219.2					$1,220.0
Net Interest Margin 2				3.18	%				3.10	%

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.

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
	March 31, 2007					December 31, 2006					September 30, 2006
	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	$34,089.1		$527.3	6.19	%	$34,345.4		$531.8	6.19	%	$33,875.7		$519.4	6.13	%
Real estate construction	13,430.3		252.7	7.63		13,204.0		254.3	7.64		12,805.6		247.5	7.67
Real estate home equity lines	13,738.1		268.3	7.92		13,722.9		273.4	7.90		13,626.3		270.2	7.87
Real estate commercial	12,830.6		220.2	6.96		12,784.8		223.1	6.93		12,808.6		223.4	6.92
Commercial - FTE 1	34,032.8		535.6	6.38		33,965.1		545.8	6.37		34,306.9		542.1	6.27
Business credit card	369.5		5.5	5.94		351.4		5.3	5.99		323.8		5.0	6.14
Consumer - direct	4,220.5		76.0	7.30		4,116.3		76.8	7.40		4,206.9		76.7	7.23
Consumer - indirect	8,166.5		122.0	6.06		8,231.8		123.8	5.97		8,339.1		121.5	5.78
Nonaccrual and restructured	637.5		4.5	2.85		642.1		5.0	3.06		449.1		4.4	3.87
Total loans	121,514.9		2,012.1	6.72		121,363.8		2,039.3	6.67		120,742.0		2,010.2	6.61
Securities available for sale:
Taxable	6,650.6		108.7	6.54		22,170.4		282.0	5.09		23,027.9		286.9	4.98
Tax-exempt - FTE 1	1,038.8		15.2	5.86		998.0		14.6	5.85		968.7		14.1	5.84
Total securities available for sale - FTE 1	7,689.4		123.9	6.44		23,168.4		296.6	5.12		23,996.6		301.0	5.02
Funds sold and securities purchased under agreements to resell	1,006.3		12.9	5.12		1,176.3		15.4	5.15		1,084.1		14.3	5.16
Loans held for sale	11,205.2		173.7	6.20		12,009.3		198.4	6.61		11,026.4		188.0	6.82
Interest-bearing deposits	28.9		0.4	5.69		31.2		0.3	3.76		25.8		0.3	5.04
Interest earning trading assets	18,028.9		228.8	5.15		2,365.8		38.6	6.46		2,039.8		34.2	6.64
Total earning assets	159,473.6		2,551.8	6.49		160,114.8		2,588.6	6.41		158,914.7		2,548.0	6.36
Allowance for loan and lease losses	(1,050.5	)				(1,086.1	)				(1,070.8	)
Cash and due from banks	3,520.0					3,683.1					3,705.8
Premises and equipment	2,001.0					1,957.4					1,925.7
Other assets	14,271.9					14,708.2					14,702.1
Noninterest earning trading assets	985.1					1,000.5					948.8
Unrealized gains on securities available for sale, net	2,305.3					1,965.4					1,374.6
Total assets	$181,506.4					$182,343.3					$180,500.9
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing deposits:
NOW accounts	$19,820.1		$115.9	2.37	%	$18,441.1		$102.2	2.20	%	$16,596.2		$78.1	1.87	%
Money market accounts	22,089.1		142.9	2.62		23,075.7		153.1	2.63		24,267.0		171.4	2.80
Savings	5,024.8		16.3	1.32		5,437.0		23.6	1.73		5,591.2		24.1	1.71
Consumer time	16,809.4		183.1	4.42		16,682.8		180.8	4.30		16,402.5		169.8	4.11
Other time	12,115.8		144.0	4.82		12,338.6		148.3	4.77		11,852.2		138.1	4.62
Total interest-bearing consumer and commercial deposits	75,859.2		602.2	3.22		75,975.2		608.0	3.18		74,709.1		581.5	3.09
Brokered deposits	18,888.5		250.8	5.31		18,102.0		243.1	5.25		18,420.7		246.1	5.23
Foreign deposits	7,825.6		102.9	5.26		8,022.2		107.6	5.25		9,537.6		128.5	5.27
Total interest-bearing deposits	102,573.3		955.9	3.78		102,099.4		958.7	3.73		102,667.4		956.1	3.69
Funds purchased	4,693.1		61.2	5.22		5,163.4		68.8	5.21		4,206.7		56.2	5.23
Securities sold under agreements to repurchase	6,768.0		79.5	4.70		7,148.8		86.3	4.72		7,146.3		86.0	4.71
Interest-bearing trading liabilities	409.4		4.3	4.25		488.5		5.3	4.28		291.0		2.7	3.70
Other short-term borrowings	1,758.4		21.7	5.01		1,913.3		24.4	5.08		1,001.3		14.2	5.62
Long-term debt	19,000.8		240.9	5.14		17,854.2		259.9	5.78		17,735.2		258.9	5.79
Total interest-bearing liabilities	135,203.0		1,363.5	4.09		134,667.6		1,403.4	4.13		133,047.9		1,374.1	4.10
Noninterest-bearing deposits	21,933.1					22,577.7					22,933.4
Other liabilities	5,499.1					5,779.5					5,664.5
Noninterest-bearing trading liabilities	1,150.8					1,163.0					1,193.3
Shareholders’ equity	17,720.4					18,155.5					17,661.8
Total liabilities and shareholders’ equity	$181,506.4					$182,343.3					$180,500.9
Interest Rate Spread				2.40	%				2.28	%				2.26	%
Net Interest Income - FTE 1			$1,188.3					$1,185.2					$1,173.9
Net Interest Margin 2				3.02	%				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.

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)

	Nine Months Ended
	September 30, 2007					September 30, 2006
	Average Balances		Interest Income/ Expense	Yields/ Rates		Average Balances		Interest Income/ Expense	Yields/ Rates
ASSETS
Loans:
Real estate 1-4 family	$31,937.7		$1,519.0	6.34	%	$33,246.6		$1,490.8	5.98	%
Real estate construction	13,610.0		772.1	7.59		12,040.7		669.5	7.43
Real estate home equity lines	13,908.4		820.1	7.88		13,512.1		758.9	7.51
Real estate commercial	12,773.7		666.3	6.97		12,810.0		643.4	6.71
Commercial - FTE 1	33,963.6		1,637.8	6.45		33,792.7		1,541.6	6.10
Business credit card	430.4		15.6	4.83		303.1		13.9	6.13
Consumer - direct	4,312.5		234.2	7.26		4,577.0		236.8	6.92
Consumer - indirect	8,064.7		369.7	6.13		8,425.2		353.8	5.61
Nonaccrual and restructured	737.9		13.1	2.37		358.6		11.6	4.33
Total loans	119,738.9		6,047.9	6.75		119,066.0		5,720.3	6.42
Securities available for sale:
Taxable	9,755.0		456.1	6.23		23,855.7		864.8	4.83
Tax-exempt - FTE 1	1,040.3		46.2	5.92		939.8		41.2	5.85
Total securities available for sale - FTE 1	10,795.3		502.3	6.20		24,795.5		906.0	4.87
Funds sold and securities purchased under agreement to resell	971.8		37.3	5.05		1,152.6		41.5	4.74
Loans held for sale	11,463.8		529.8	6.16		10,770.5		529.6	6.56
Interest-bearing deposits	25.9		1.0	5.25		114.5		3.0	3.58
Interest earning trading assets	13,443.2		544.4	5.41		1,961.3		91.0	6.20
Total earning assets	156,438.9		7,662.7	6.55		157,860.4		7,291.4	6.18
Allowance for loan and lease losses	(1,049.1	)				(1,053.0	)
Cash and due from banks	3,454.6					3,885.9
Premises and equipment	1,968.3					1,901.8
Other assets	14,573.2					14,589.3
Noninterest earning trading assets	1,043.2					943.0
Unrealized gains on securities available for sale, net	2,264.5					1,504.3
Total assets	$178,693.6					$179,631.7
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing deposits:
NOW accounts	$19,808.7		$352.8	2.38	%	$16,801.0		$205.6	1.64	%
Money market accounts	22,142.6		444.9	2.69		24,990.6		481.4	2.58
Savings	4,753.9		44.4	1.25		5,348.9		55.4	1.39
Consumer time	16,864.0		567.0	4.49		15,265.4		433.8	3.80
Other time	11,979.3		434.8	4.85		10,745.3		344.6	4.29
Total interest-bearing consumer and commercial deposits	75,548.5		1,843.9	3.26		73,151.2		1,520.8	2.78
Brokered deposits	17,211.1		692.9	5.31		17,197.8		637.5	4.89
Foreign deposits	6,714.3		264.6	5.20		9,415.8		347.7	4.87
Total interest-bearing deposits	99,473.9		2,801.4	3.77		99,764.8		2,506.0	3.36
Funds purchased	3,641.9		142.4	5.15		4,195.5		154.2	4.85
Securities sold under agreements to repurchase	6,276.0		218.6	4.59		7,066.2		233.8	4.36
Interest-bearing trading liabilities	405.3		12.1	3.99		376.7		10.3	3.64
Other short-term borrowings	2,253.9		83.7	4.96		1,370.3		49.8	4.86
Long-term debt	19,980.0		777.0	5.20		18,852.2		774.0	5.49
Total interest-bearing liabilities	132,031.0		4,035.2	4.09		131,625.7		3,728.1	3.79
Noninterest-bearing deposits	21,922.9					23,559.8
Other liabilities	5,773.1					5,934.3
Noninterest-bearing trading liabilities	1,234.3					1,170.3
Shareholders’ equity	17,732.3					17,341.6
Total liabilities and shareholders’ equity	$178,693.6					$179,631.7
Interest Rate Spread				2.46	%				2.39	%
Net Interest Income - FTE 1			$3,627.5					$3,563.3
Net Interest Margin 2				3.10	%				3.02	%

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.

Page 9

SunTrust Banks, Inc. and Subsidiaries

OTHER FINANCIAL DATA

(Dollars in thousands) (Unaudited)

	Three Months Ended						Nine Months Ended
	September 30				% Change 1		September 30				% Change 1
	2007		2006				2007		2006
CREDIT DATA
Allowance for loan and lease losses - beginning	$1,050,362		$1,061,862		(1.1	)%	$1,044,521		$1,028,128		1.6	%
Provision for loan losses	147,020		61,568		NM		308,141		146,730		NM
Allowance associated with loans at fair value2	-		-		-		(4,100	)	-		(100.0	)
Charge-offs
Commercial	(39,487	)	(23,062	)	71.2		(102,620	)	(55,670	)	84.3
Real estate:
Home equity lines	(29,075	)	(6,460	)	NM		(69,376	)	(17,778	)	NM
Construction	(2,477	)	(814	)	NM		(4,543	)	(1,051	)	NM
Residential mortgages	(19,853	)	(9,113	)	NM		(53,761	)	(21,790	)	NM
Commercial real estate	(789	)	(487	)	62.0		(1,770	)	(3,794	)	(53.3	)
Consumer:
Direct	(5,661	)	(4,544	)	24.6		(16,879	)	(16,086	)	4.9
Indirect	(28,944	)	(18,639	)	55.3		(74,006	)	(56,865	)	30.1
Total charge-offs	(126,286	)	(63,119	)	NM		(322,955	)	(173,034	)	86.6
Recoveries
Commercial	6,322		9,636		(34.4	)	17,629		23,314		(24.4	)
Real estate:
Home equity lines	2,101		1,618		29.9		5,607		5,311		5.6
Construction	82		520		(84.2	)	445		1,285		(65.4	)
Residential mortgages	1,107		1,831		(39.5	)	4,134		6,223		(33.6	)
Commercial real estate	861		475		81.3		1,064		4,464		(76.2	)
Consumer:
Direct	2,108		2,713		(22.3	)	7,129		9,321		(23.5	)
Indirect	10,014		10,212		(1.9	)	32,076		35,574		(9.8	)
Total recoveries	22,595		27,005		(16.3	)	68,084		85,492		(20.4	)
Net charge-offs	(103,691	)	(36,114	)	NM		(254,871	)	(87,542	)	NM
Allowance for loan and lease losses - ending	$1,093,691		$1,087,316		0.6		$1,093,691		$1,087,316		0.6
Net charge-offs to average loans (annualized)
Commercial	0.38	%	0.15	%	NM	%	0.33	%	0.13	%	NM	%
Real estate:
Home equity lines	0.76		0.14		NM		0.61		0.12		NM
Construction	0.07		0.01		NM		0.04		-		100.0
Residential mortgages	0.24		0.08		NM		0.20		0.06		NM
Commercial real estate	-		-		-		0.01		(0.01	)	NM
Consumer:
Direct	0.32		0.17		88.2		0.30		0.20		50.0
Indirect	0.94		0.40		NM		0.69		0.34		NM
Total net charge-offs to total average loans	0.34		0.12		NM		0.28		0.10		NM
Period Ended
Nonaccrual loans
Commercial	$74,246		$263,684		(71.8	)%
Real estate:
Construction	158,194		26,508		NM
Residential mortgages 3	691,122		189,218		NM
Commercial real estate	40,649		54,394		(25.3	)
Consumer loans	10,580		22,685		(53.4	)
Total nonaccrual loans	974,791		556,489		75.2
Restructured loans	29,057		28,934		0.4
Total nonperforming loans	1,003,848		585,423		71.5
Other real estate owned (OREO)	156,106		41,690		NM
Other repossessed assets	9,974		6,670		49.5
Total nonperforming assets	$1,169,928		$633,783		84.6
Total accruing loans past due 90 days or more	$495,384		$301,878		64.1	%
Total nonperforming loans to total loans	0.83	%	0.48	%	72.9	%
Total nonperforming assets to total loans plus
OREO and other repossessed assets	0.97		0.52		86.5
Allowance to period-end loans	0.91		0.90		1.1
Allowance to nonperforming loans	109.0		185.7		(41.3	)

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

² Amount removed from the allowance for loan losses related to the Company’s election to record $4.1 billion of residential mortgages at fair value.

³ Includes home equity lines on nonaccrual status.

Page 10

SunTrust Banks, Inc. and Subsidiaries

FIVE QUARTER OTHER FINANCIAL DATA

(Dollars in thousands) (Unaudited)

	Three Months Ended
	September 30 2007		June 30 2007		% Change 1		March 31 2007		December 31 2006		September 30 2006
CREDIT DATA
Allowance for loan and lease losses - beginning	$1,050,362		$1,033,939		1.6	%	$1,044,521		$1,087,316		$1,061,862
Provision for loan losses	147,020		104,680		40.4		56,441		115,806		61,568
Allowance associated with loans at fair value2	-		-		-		(4,100	)	-		-
Charge-offs
Commercial	(39,487	)	(40,853	)	(3.3	)	(22,280	)	(127,831	)	(23,062	)
Real estate:
Home equity lines	(29,075	)	(24,429	)	19.0		(15,872	)	(11,038	)	(6,460	)
Construction	(2,477	)	(1,468	)	68.7		(598	)	(1,230	)	(814	)
Residential mortgages	(19,853	)	(19,615	)	1.2		(14,293	)	(7,806	)	(9,113	)
Commercial real estate	(789	)	(694	)	13.7		(287	)	(4,256	)	(487	)
Consumer:
Direct	(5,661	)	(5,362	)	5.6		(5,856	)	(5,924	)	(4,544	)
Indirect	(28,944	)	(19,301	)	50.0		(25,761	)	(25,450	)	(18,639	)
Total charge-offs	(126,286	)	(111,722	)	13.0		(84,947	)	(183,535	)	(63,119	)
Recoveries
Commercial	6,322		5,536		14.2		5,771		6,657		9,636
Real estate:
Home equity lines	2,101		2,323		(9.6	)	1,183		1,529		1,618
Construction	82		244		(66.4	)	119		755		520
Residential mortgages	1,107		1,614		(31.4	)	1,413		1,686		1,831
Commercial real estate	861		162		NM		41		1,748		475
Consumer:
Direct	2,108		2,568		(17.9	)	2,453		2,805		2,713
Indirect	10,014		11,018		(9.1	)	11,044		9,754		10,212
Total recoveries	22,595		23,465		(3.7	)	22,024		24,934		27,005
Net charge-offs	(103,691	)	(88,257	)	17.5		(62,923	)	(158,601	)	(36,114	)
Allowance for loan and lease losses - ending	$1,093,691		$1,050,362		4.1		$1,033,939		$1,044,521		$1,087,316
Net charge-offs to average loans (annualized)
Commercial	0.38	%	0.42	%	9.5	%	0.19	%	1.39	%	0.15	%
Real estate:
Home equity lines	0.76		0.64		18.8		0.43		0.27		0.14
Construction	0.07		0.04		75.0		0.01		0.01		0.01
Residential mortgages	0.24		0.23		4.3		0.15		0.07		0.08
Commercial real estate	-		0.02		(100.0	)	0.01		0.08		-
Consumer:
Direct	0.32		0.26		23.1		0.33		0.30		0.17
Indirect	0.94		0.41		NM		0.73		0.75		0.40
Total net charge-offs to total average loans	0.34		0.30		13.3		0.21		0.52		0.12
Period Ended
Nonaccrual loans
Commercial	$74,246		$91,895		(19.2	)%	$118,737		$106,769		$263,684
Real estate:
Construction	158,194		77,936		NM		54,885		38,646		26,508
Residential mortgages 3	691,122		511,566		35.1		401,095		286,676		189,218
Commercial real estate	40,649		44,168		(8.0	)	47,463		55,365		54,394
Consumer loans	10,580		11,235		(5.8	)	15,141		16,302		22,685
Total nonaccrual loans	974,791		736,800		32.3		637,321		503,758		556,489
Restructured loans	29,057		27,816		4.5		27,772		27,993		28,934
Total nonperforming loans	1,003,848		764,616		31.3		665,093		531,751		585,423
Other real estate owned (OREO)	156,106		100,973		54.6		74,645		55,460		41,690
Other repossessed assets	9,974		7,250		37.6		6,202		6,617		6,670
Total nonperforming assets	$1,169,928		$872,839		34.0		$745,940		$593,828		$633,783
Total accruing loans past due 90 days or more	$495,384		$449,038		10.3	%	$369,940		$353,115		$301,878
Total nonperforming loans to total loans	0.83	%	0.64	%	29.7	%	0.57	%	0.44	%	0.48	%
Total nonperforming assets to total loans plus OREO and other repossessed assets	0.97		0.73		32.9		0.64		0.49		0.52
Allowance to period-end loans	0.91		0.88		3.4		0.88		0.86		0.90
Allowance to nonperforming loans	109.0		137.4		(20.7	)	155.5		196.4		185.7

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

² Amount removed from the allowance for loan losses related to the Company’s election to record $4.1 billion of residential mortgages at fair value.

³ Includes home equity lines on nonaccrual status.

Page 11

SunTrust Banks, Inc. and Subsidiaries

OTHER FINANCIAL DATA (continued)

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

	Three Months Ended								Nine Months Ended
	September 30								September 30
	Core Deposit Intangible		Mortgage Servicing Rights		Other		Total		Core Deposit Intangible		Mortgage Servicing Rights		Other		Total
OTHER INTANGIBLE ASSET ROLLFORWARD
Balance, beginning of period	$282,196		$720,374		$138,776		$1,141,346		$324,743		$657,604		$140,620		$1,122,967
Amortization	(21,035	)	(49,632	)	(4,757	)	(75,424	)	(64,667	)	(139,975	)	(14,255	)	(218,897	)
Servicing rights originated	-		118,123		-		118,123		-		361,904		-		361,904
Community Bank of Florida branch acquisition	-		-		-		-		1,085		-		-		1,085
Reclass investment to trading assets	-		-		-		-		-		-		(1,050	)	(1,050	)
Purchase of GenSpring (formerly AMA, LLC) minority shares	-		-		599		599		-		-		5,072		5,072
Sale/securitization of mortgage servicing rights	-		(64,542	)	-		(64,542	)	-		(155,210	)	-		(155,210	)
Issuance of noncompete agreement	-		-		-		-		-		-		4,231		4,231
Balance, September 30, 2006	$261,161		$724,323		$134,618		$1,120,102		$261,161		$724,323		$134,618		$1,120,102
Balance, beginning of period	$205,574		$942,012		$142,874		$1,290,460		$241,614		$810,509		$129,861		$1,181,984
Amortization	(17,202	)	(45,329	)	(7,617	)	(70,148	)	(53,242	)	(133,266	)	(20,024	)	(206,532	)
Servicing rights originated	-		161,962		-		161,962		-		497,058		-		497,058
Purchase of GenSpring (formerly AMA, LLC) minority shares	-		-		927		927		-		-		2,205		2,205
Client relationship intangible obtained from GenSpring’s acquisition of TBK Investments, Inc.	-		-		6,520		6,520		-		-		6,520		6,520
Intangible assets obtained from sale upon merger of Lighthouse Partners, net1	-		-		-		-		-		-		24,142		24,142
Sale/securitization of mortgage servicing rights	-		(62,661	)	-		(62,661	)	-		(178,317	)	-		(178,317	)
Balance, September 30, 2007	$188,372		$995,984		$142,704		$1,327,060		$188,372		$995,984		$142,704		$1,327,060
	Three Months Ended
	September 30 2007		June 30 2007		March 31 2007		December 31 2006		September 30 2006
COMMON SHARE ROLLFORWARD
Beginning balance	349,053		356,505		354,903		363,868		364,129
Common shares issued/exchanged for employee benefit plans, stock option, performance and restricted stock activity	483		1,228		2,218		961		1,379
Acquisition of treasury stock	(1,462	)	(8,680	)	(616	)	(9,926	)	(1,640	)
Ending balance	348,074		349,053		356,505		354,903		363,868
COMMON STOCK REPURCHASE ACTIVITY
Number of common shares repurchased 2	1,472		8,715		653		9,962		1,660
Average price per share of repurchased common shares	$81.00		$87.02		$82.83		$77.76		$76.69
Total cost to acquire treasury shares	$-		$853,386		$-		$870,669		$125,752
Maximum number of common shares that may yet be purchased under plans or programs 3	1,009		2,471		11,151		11,767		8,360

¹ During the first quarter of 2007 SunTrust merged its wholly-owned subsidiary, Lighthouse Partners, into Lighthouse Investment Partners, LLC in exchange for a minority interest in Lighthouse Investment Partners, LLC and a revenue-sharing agreement. This transaction resulted in a $7.9 million decrease in existing intangible assets and a new intangible asset of $32.0 million.

² 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.

³ In August 2006, the Board authorized the Company to repurchase up to an additional $1 billion or 13,333,334 shares of the Company’s Common Stock, under which authority the Company repurchased 9,926,589 shares during 2006 under an Accelerated Share Repurchase Agreement (“ASR”). The 3,406,745 shares remaining under the August 2006 authorization, combined with 8,360,000 shares remaining under Board authorization from April 2006, left the Company with authorization to repurchase up to 11,766,745 shares as of January 1, 2007. The Company completed the aforementioned ASR with the repurchase of 615,514 shares during the first quarter of 2007. During the nine months ended September 30, 2007, the Company entered into an ASR, as announced in the Company’s 8-K filing on June 7, 2007, by repurchasing 8,022,254 shares during the second quarter of 2007. This ASR was completed in the third quarter of 2007 when the Company received, without additional payment, an additional 1,462,091 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										Nine Months Ended
	September 30 2007		June 30 2007		March 31 2007		December 31 2006		September 30 2006		September 30 2007		September 30 2006
NON-GAAP MEASURES PRESENTED IN THE EARNINGS RELEASE
Net income	$420,164		$681,431		$521,296		$506,354		$535,588		$1,622,891		$1,611,117
Securities (gains)/losses, net of tax	(614	)	(146,575	)	(12	)	(21,934	)	56,926		(147,202	)	53,229
Net income excluding net securities gains and losses	419,550		534,856		521,284		484,420		592,514		1,475,689		1,664,346
The Coca-Cola Company dividend, net of tax	(13,210	)	(13,218	)	(14,580	)	(13,316	)	(13,317	)	(41,009	)	(39,950	)
Net income excluding net securities (gains)/losses and The Coca-Cola Company dividend	406,340		521,638		506,704		471,104		579,197		1,434,680		1,624,396
Preferred dividends	7,526		7,519		7,363		7,729		-		22,408		-
Net income available to common shareholders excluding net securities (gains)/losses and The Coca-Cola Company dividend	$398,814		$514,119		$499,341		$463,375		$579,197		$1,412,272		$1,624,396
Total average assets	$174,653,377		$179,996,457		$181,506,369		$182,343,274		$180,500,921		$178,693,630		$179,631,675
Average net unrealized securities gains	(2,091,892	)	(2,398,651	)	(2,305,306	)	(1,965,367	)	(1,374,648	)	(2,264,501	)	(1,504,293	)
Average assets less net unrealized securities gains	$172,561,485		$177,597,806		$179,201,063		$180,377,907		$179,126,273		$176,429,129		$178,127,382
Total average common shareholders’ equity	$17,050,182		$17,428,101		$17,220,384		$17,655,469		$17,558,581		$17,232,264		$17,306,802
Average accumulated other comprehensive income	(998,561	)	(1,206,487	)	(1,074,497	)	(1,202,004	)	(821,317	)	(1,092,903	)	(899,774	)
Total average realized common shareholders’ equity	$16,051,621		$16,221,614		$16,145,887		$16,453,465		$16,737,264		$16,139,361		$16,407,028
Return on average total assets	0.95	%	1.52	%	1.16	%	1.10	%	1.18	%	1.21	%	1.20	%
Impact of excluding net realized and unrealized securities (gains)/losses and The Coca-Cola Company dividend	(0.02	)	(0.34	)	(0.01	)	(0.06	)	0.10		(0.12	)	0.02
Return on average total assets less net unrealized securities gains 1	0.93	%	1.18	%	1.15	%	1.04	%	1.28	%	1.09	%	1.22	%
Return on average common shareholders’ equity	9.60	%	15.51	%	12.10	%	11.20	%	12.10	%	12.42	%	12.45	%
Impact of excluding net realized and unrealized securities (gains)/losses and The Coca-Cola Company dividend	0.26		(2.80	)	0.44		(0.03	)	1.63		(0.72	)	0.79
Return on average realized common shareholders’ equity 2	9.86	%	12.71	%	12.54	%	11.17	%	13.73	%	11.70	%	13.24	%
Efficiency ratio 3	63.35	%	52.69	%	59.79	%	59.67	%	59.30	%	58.31	%	59.29	%
Impact of excluding amortization of intangible assets	(1.22	)	(1.05	)	(1.14	)	(1.18	)	(1.27	)	(1.13	)	(1.28	)
Tangible efficiency ratio 4	62.13	%	51.64	%	58.65	%	58.49	%	58.03	%	57.18	%	58.01	%
Total shareholders’ equity	$17,907,247		$17,368,853		$17,968,538		$17,813,606		$18,589,307
Goodwill	(6,912,110	)	(6,897,050	)	(6,896,723	)	(6,889,860	)	(6,903,001	)
Other intangible assets including mortgage servicing rights (“MSRs”)	(1,327,060	)	(1,290,460	)	(1,293,457	)	(1,181,984	)	(1,120,102	)
Mortgage servicing rights	995,984		942,012		921,255		810,510		724,323
Tangible equity	$10,664,061		$10,123,355		$10,699,613		$10,552,272		$11,290,527
Total assets	$175,857,229		$180,314,372		$186,384,841		$182,161,609		$183,104,553
Goodwill	(6,912,110	)	(6,897,050	)	(6,896,723	)	(6,889,860	)	(6,903,001	)
Other intangible assets including MSRs	(1,327,060	)	(1,290,460	)	(1,293,457	)	(1,181,984	)	(1,120,102	)
Mortgage servicing rights	995,984		942,012		921,255		810,510		724,323
Tangible assets	$168,614,043		$173,068,874		$179,115,916		$174,900,275		$175,805,773
Tangible equity to tangible assets 5	6.32	%	5.85	%	5.97	%	6.03	%	6.42	%
Net interest income	$1,192,188		$1,195,284		$1,164,559		$1,161,289		$1,151,392		$3,552,031		$3,499,176
Taxable-equivalent adjustment	27,055		24,668		23,713		23,877		22,468		75,436		64,089
Net interest income - FTE	1,219,243		1,219,952		1,188,272		1,185,166		1,173,860		3,627,467		3,563,265
Noninterest income	819,139		1,154,622		878,906		882,566		858,931		2,852,667		2,585,806
Total revenue - FTE	$2,038,382		$2,374,574		$2,067,178		$2,067,732		$2,032,791		$6,480,134		$6,149,071
Net securities (gains)/losses	(991	)	(236,412	)	(20	)	(35,377	)	91,816		(237,423	)	85,854
Net gain on sale of Bond Trustee business	-		-		-		-		(112,759	)	-		(112,759	)
Total revenue - FTE excluding net securities (gains)/losses and net gain on sale of Bond Trustee business 6	$2,037,391		$2,138,162		$2,067,158		$2,032,355		$2,011,848		$6,242,711		$6,122,166

¹ SunTrust presents a return on average assets less net unrealized gains on securities. The foregoing numbers primarily reflect adjustments to remove the effects of the Company’s securities portfolio which includes the ownership by the Company of 43.6 million shares of The Coca-Cola Company as of September 30, 2007. 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 revenue-FTE excluding realized net securities gains/losses and the net gain on the sale of the Bond Trustee business. The Company believes 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 the Bond Trustee business because the Company believes the exclusion of the net gain is 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								Nine Months Ended
	September 30 2007		September 30 2006		Increase/(Decrease)				September 30 2007		September 30 2006		Increase/(Decrease)
					Amount		%5						Amount		%5
SELECTED NON-GAAP MEASURES PRESENTED IN THE EARNINGS RELEASE
Diluted net income per average common share									$4.52		$4.42		$0.10		2.3	%
Impact of excluding gain on sale of shares of The Coca-Cola Company									(0.41	)	-		(0.41	)	(100.0	)
Diluted net income per average common share excluding gain on sale of shares of The Coca-Cola Company 1									$4.11		$4.42		($0.31	)	(7.0	)%
Noninterest income	$819,139		$858,931		($39,792	)	(4.6	)%	$2,852,667		$2,585,806		$266,861		10.3	%
Net securities (gains)/losses	(991	)	91,816		(92,807	)	NM		(237,423	)	85,854		(323,277	)	NM
Net gain on sale of Bond Trustee business	-		(112,759	)	112,759		100.0		-		(112,759	)	112,759		100.0
Noninterest income excluding net securities (gains)/losses and net gain on sale of Bond Trustee business 2	$818,148		$837,988		($19,840	)	(2.4	)%	$2,615,244		$2,558,901		$56,343		2.2	%
Noninterest expense	$1,291,245		$1,205,499		$85,746		7.1	%	$3,778,436		$3,646,083		$132,353		3.6	%
Compensation expense related to fair valued mortgage loans	(32,000	)	-		(32,000	)	(100.0	)	(44,500	)	-		(44,500	)	(100.0	)
Leverage lease reserve reversal	-		-		-		-		-		10,923		(10,923	)	(100.0	)
E2 initial implementation costs, net of corporate real estate gains	(49,496	)	(2,999	)	(46,497	)	NM		(57,596	)	(9,933	)	(47,663	)	NM
Decrease in accrued liability associated with a capital instrument	33,552		-		33,552		100.0		33,552		-		33,552		100.0
Loss on early retirement of unhedged fixed rate debt carried at cost	(9,800	)	-		(9,800	)	(100.0	)	(9,800	)	-		(9,800	)	(100.0	)
Adjusted noninterest expense 3	$1,233,501		$1,202,500		$31,001		2.6	%	$3,700,092		$3,647,073		$53,019		1.5	%
Net income available to common shareholders	$412,638		$535,588		($122,950	)	(23.0	)%
Severance charge, net of tax	27,902		-		27,902		100.0
Net income available to common shareholders excluding severance charge 4	$440,540		$535,588		($95,048	)	(17.7	)%
Diluted net income per average common share	$1.18		$1.47		($0.29	)	(19.7	)%
Severance charge, net of tax	0.08		-		0.08		100.0
Diluted net income per average common share excluding severance charge 4	$1.26		$1.47		($0.21	)	(14.3	)%
Noninterest expense	$1,291,245		$1,205,499		$85,746		7.1	%	$3,778,436		$3,646,083		$132,353		3.6	%
Severance charge	(45,004	)	-		(45,004	)	(100.0	)	(45,004	)	-		(45,004	)	(100.0	)
Noninterest expense excluding severance charge 4	$1,246,241		$1,205,499		$40,742		3.4	%	$3,733,432		$3,646,083		$87,349		2.4	%
Efficiency ratio	63.35	%	59.30	%	4.05	%	6.8	%
Severance charge	(2.21	)	-		(2.21	)	(100.0	)
Efficiency ratio excluding severance charge 4	61.14	%	59.30	%	1.84	%	3.1	%
	Three Months Ended
	September 30 2007		June 30 2007		Increase/(Decrease)				Sequential Annualized6 %
					Amount		%5
Noninterest income	$819,139		$1,154,622		($335,483	)	(29.1	)%	NM	%
Net securities gains	(991	)	(236,412	)	235,421		(99.6	)	NM
Noninterest income excluding net securities gains 2	$818,148		$918,210		($100,062	)	(10.9	)%	(43.6	)%
Diluted net income per average common share	$1.18		$1.89		($0.71	)	(37.6	)%	NM	%
Impact of excluding gain on sale of shares of The Coca-Cola Company	-		(0.41	)	0.41		(100.0	)	NM
Diluted net income per average common share excluding gain on sale of shares of The Coca-Cola Company 1	$1.18		$1.48		($0.30	)	(20.3	)%	(81.1	)%
Noninterest expense	$1,291,245		$1,251,194		$40,051		3.2	%	12.8	%
Severance charge	(45,004	)	-		(45,004	)	(100.0	)	NM
Noninterest expense excluding severance charge 4	$1,246,241		$1,251,194		($4,953	)	(0.4	)%	(1.6	)%

¹ SunTrust presents net income per average common diluted share excluding the gain on sale of shares of The Coca-Cola Company. The Company believes this measure is more indicative of the Company’s performance because it excludes a large securities gain that is not a customer relationship or customer driven transaction.

² SunTrust presents noninterest income excluding realized net securities gains/losses and the net gain on the sale of the Bond Trustee business. The Company believes noninterest income without net securities gains/losses and the net gain on the sale of the Bond Trustee Business is more indicative of the Company’s performance because it isolates income that is primarily customer relationship and customer transaction driven and is more indicative of normalized operations.

³ SunTrust presents noninterest expense on a basis that excludes certain significant non-core expense items because the Company believes the exclusion of these items is more indicative of normalized operations.

⁴ SunTrust presents net income available to common shareholders, diluted net income per average common share, noninterest expense, and the efficiency ratio excluding a severance charge specific to the Company’s E ² Efficiency and Productivity Program in order to provide comparability between periods.

⁵ Any change over 100 percent is labeled as “NM”. Those changes over 100 percent were not considered to be meaningful.

⁶ Multiply percentage change by 4 to calculate sequential annualized change.

Page 14

SunTrust Banks, Inc. and Subsidiaries

QUARTER-TO-QUARTER COMPARISON - ACTUAL

APPENDIX B TO THE EARNINGS RELEASE

(Dollars in thousands) (Unaudited)

	Three Months Ended
	September 30 2007		June 30 2007						Sequential Annualized 2 %		September 30 2007		September 30 2006
					Increase/(Decrease)										Increase/(Decrease)
					Amount		%								Amount		%
STATEMENTS OF INCOME
NET INTEREST INCOME	$1,192,188		$1,195,284		($3,096	)	(0.3	)%	(1.0	)%	$1,192,188		$1,151,392		$40,796		3.5	%
Provision for loan losses	147,020		104,680		42,340		40.4		NM		147,020		61,568		85,452		NM
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	1,045,168		1,090,604		(45,436	)	(4.2	)	(16.7	)	1,045,168		1,089,824		(44,656	)	(4.1	)
NONINTEREST INCOME
Service charges on deposit accounts	213,939		196,844		17,095		8.7		34.7		213,939		194,262		19,677		10.1
Trust and investment management income	175,242		164,620		10,622		6.5		25.8		175,242		173,717		1,525		0.9
Retail investment services	71,064		71,785		(721	)	(1.0	)	(4.0	)	71,064		55,544		15,520		27.9
Other charges and fees	120,730		118,358		2,372		2.0		8.0		120,730		113,347		7,383		6.5
Investment banking income	47,688		61,999		(14,311	)	(23.1	)	(92.3	)	47,688		47,046		642		1.4
Trading account profits and commissions	(31,187	)	16,437		(47,624	)	NM		NM		(31,187	)	20,404		(51,591	)	NM
Card fees	70,450		68,580		1,870		2.7		10.9		70,450		64,916		5,534		8.5
Mortgage production related income	12,950		64,322		(51,372	)	(79.9	)	NM		12,950		50,336		(37,386	)	(74.3	)
Mortgage servicing related income	57,142		45,527		11,615		25.5		NM		57,142		36,633		20,509		56.0
Other noninterest income	80,130		109,738		(29,608	)	(27.0	)	NM		80,130		81,783		(1,653	)	(2.0	)
Net gain on sale of Bond Trustee business	-		-		-		-		-		-		112,759		(112,759	)	(100.0	)
Net securities gains/(losses)	991		236,412		(235,421	)	(99.6	)	NM		991		(91,816	)	92,807		NM
Total noninterest income	819,139		1,154,622		(335,483	)	(29.1	)	NM		819,139		858,931		(39,792	)	(4.6	)
NONINTEREST EXPENSE
Employee compensation and benefits	677,765		710,613		(32,848	)	(4.6	)	(18.5	)	677,765		674,322		3,443		0.5
Net occupancy expense	87,626		84,650		2,976		3.5		14.1		87,626		85,613		2,013		2.4
Outside processing and software	105,132		100,730		4,402		4.4		17.5		105,132		98,699		6,433		6.5
Equipment expense	51,532		53,823		(2,291	)	(4.3	)	(17.0	)	51,532		50,249		1,283		2.6
Marketing and customer development	46,897		43,326		3,571		8.2		33.0		46,897		35,932		10,965		30.5
Amortization of intangible assets	24,820		24,904		(84	)	(0.3	)	(1.3	)	24,820		25,792		(972	)	(3.8	)
Loss on extinguishment of debt	9,800		-		9,800		100.0		NM		9,800		-		9,800		100.0
Other noninterest expense	287,673		233,148		54,525		23.4		93.5		287,673		234,892		52,781		22.5
Total noninterest expense	1,291,245		1,251,194		40,051		3.2		12.8		1,291,245		1,205,499		85,746		7.1
INCOME BEFORE INCOME TAXES	573,062		994,032		(420,970	)	(42.3	)	NM		573,062		743,256		(170,194	)	(22.9	)
Provision for income taxes	152,898		312,601		(159,703	)	(51.1	)	NM		152,898		207,668		(54,770	)	(26.4	)
NET INCOME	420,164		681,431		(261,267	)	(38.3	)	NM		420,164		535,588		(115,424	)	(21.6	)
Preferred dividends	7,526		7,519		7		0.1		0.4		7,526		-		7,526		100.0
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS	412,638		673,912		(261,274	)	(38.8	)	NM		412,638		535,588		(122,950	)	(23.0	)
Gain on sale of shares of The Coca-Cola Company, net of tax	-		(145,580	)	145,580		(100.0	)	NM		-		-		-		-
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS EXCLUDING THE GAIN ON SALE OF SHARES OF THE COCA-COLA COMPANY 1	$412,638		$528,332		($115,694	)	(21.9	)%	(87.6	)%	$412,638		$535,588		($122,950	)	(23.0	)%
REVENUE
Net interest income	$1,192,188		$1,195,284		($3,096	)	(0.3	)%	(1.0	)%	$1,192,188		$1,151,392		$40,796		3.5	%
Taxable-equivalent adjustment	27,055		24,668		2,387		9.7		38.7		27,055		22,468		4,587		20.4
Net interest income - FTE	1,219,243		1,219,952		(709	)	(0.1	)	(0.2	)	1,219,243		1,173,860		45,383		3.9
Noninterest income	819,139		1,154,622		(335,483	)	(29.1	)	NM		819,139		858,931		(39,792	)	(4.6	)
Total revenue - FTE	2,038,382		2,374,574		(336,192	)	(14.2	)	(56.6	)	2,038,382		2,032,791		5,591		0.3
Net securities (gains)/losses	(991	)	(236,412	)	235,421		(99.6	)	NM		(991	)	91,816		(92,807	)	NM
Net gain on sale of Bond Trustee business	-		-		-		-		-		-		(112,759	)	112,759		100.0
Total revenue - FTE excluding net securities (gains)/losses and net gain on sale of Bond Trustee business 1	$2,037,391		$2,138,162		($100,771	)	(4.7	)%	(18.9	)%	$2,037,391		$2,011,848		$ 25,543		1.3	%
SELECTED AVERAGE BALANCES (Dollars in millions)
Average loans
Commercial	$34,248		$33,608		$640		1.9	%	7.6	%	$34,248		$34,307		($59	)	(0.2	)%
Real estate home equity lines	14,133		13,850		283		2.0		8.2		14,133		13,626		507		3.7
Real estate construction	13,687		13,710		(23	)	(0.2	)	(0.7	)	13,687		12,806		881		6.9
Real estate 1-4 family	31,004		30,754		250		0.8		3.3		31,004		33,876		(2,872	)	(8.5	)
Real estate commercial	12,759		12,732		27		0.2		0.8		12,759		12,808		(49	)	(0.4	)
Credit card	516		404		112		27.7		NM		516		324		192		59.3
Consumer - direct	4,368		4,347		21		0.5		1.9		4,368		4,207		161		3.8
Consumer - indirect	7,966		8,064		(98	)	(1.2	)	(4.9	)	7,966		8,339		(373	)	(4.5	)
Nonaccrual and restructured	878		696		182		26.1		NM		878		449		429		95.5
Total loans	$119,559		$118,165		$1,394		1.2	%	4.7	%	$119,559		$120,742		($1,183	)	(1.0	)%
Average deposits
Noninterest bearing deposits	$21,445		$22,396		($951	)	(4.2	)%	(17.0	)%	$21,445		$22,934		($1,489	)	(6.5	)%
NOW accounts	19,544		20,066		(522	)	(2.6	)	(10.4	)	19,544		16,596		2,948		17.8
Money market accounts	22,560		21,773		787		3.6		14.5		22,560		24,267		(1,707	)	(7.0	)
Savings	4,457		4,787		(330	)	(6.9	)	(27.6	)	4,457		5,591		(1,134	)	(20.3	)
Consumer and other time	28,702		28,905		(203	)	(0.7	)	(2.8	)	28,702		28,255		447		1.6
Total consumer and commercial deposits	96,708		97,927		(1,219	)	(1.2	)	(5.0	)	96,708		97,643		(935	)	(1.0	)
Brokered and foreign deposits	21,140		23,983		(2,843	)	(11.9	)	(47.4	)	21,140		27,958		(6,818	)	(24.4	)
Total deposits	$117,848		$121,910		($4,062	)	(3.3	)%	(13.3	)%	$117,848		$125,601		($7,753	)	(6.2	)%
SELECTED CREDIT DATA
Nonaccrual loans	$974,791		$736,800		$237,991		32.3	%	NM	%	$974,791		$556,489		$418,302		75.2	%
Restructured loans	29,057		27,816		1,241		4.5		17.8		29,057		28,934		123		0.4
Total nonperforming loans	1,003,848		764,616		239,232		31.3		NM		1,003,848		585,423		418,425		71.5
Other real estate owned (OREO)	156,106		100,973		55,133		54.6		NM		156,106		41,690		114,416		NM
Other repossessed assets	9,974		7,250		2,724		37.6		NM		9,974		6,670		3,304		49.5
Total nonperforming assets	$1,169,928		$872,839		$297,089		34.0	%	NM	%	$1,169,928		633,783		$536,145		84.6	%
Allowance for loan and lease losses	$1,093,691		$1,050,362		$43,329		4.1	%	16.5	%	$1,093,691		$1,087,316		$6,375		0.6	%

¹ SunTrust presents selected financial data on a basis that excludes net securities gains/(losses), the gain on the sale of shares of The Coca-Cola Company, and net gain on sale of Bond Trustee business. The Company believes the exclusion of these items is more indicative of the Company’s performance because it isolates income that is primarily customer relationship and customer transaction driven 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” because those changes over 100 percent were not considered to be meaningful.

Page15

SunTrust Banks, Inc. and Subsidiaries

YEAR-TO-DATE COMPARISON - ACTUAL

APPENDIX B TO THE EARNINGS RELEASE, continued

(Dollars in thousands) (Unaudited)

	Nine Months Ended
	September 30 2007		September 30 2006		Increase/(Decrease)
					Amount		%1
STATEMENTS OF INCOME
NET INTEREST INCOME	$3,552,031		$3,499,176		$52,855		1.5	%
Provision for loan losses	308,141		146,730		161,411		NM
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	3,243,890		3,352,446		(108,556	)	(3.2	)
NONINTEREST INCOME
Service charges on deposit accounts	599,818		572,092		27,726		4.8
Trust and investment management income	514,180		517,617		(3,437	)	(0.7	)
Retail investment services	206,392		168,974		37,418		22.1
Other charges and fees	357,225		339,677		17,548		5.2
Investment banking income	159,844		159,342		502		0.3
Trading account profits and commissions	75,451		103,461		(28,010	)	(27.1	)
Card fees	203,225		183,460		19,765		10.8
Mortgage production related income	68,617		169,952		(101,335	)	(59.6	)
Mortgage servicing related income	138,072		112,744		25,328		22.5
Net gain on sale upon merger of Lighthouse Partners	32,340		-		32,340		100.0
Net gain on sale of Bond Trustee business	-		112,759		(112,759	)	(100.0	)
Other noninterest income	260,080		231,582		28,498		12.3
Net securities gains/(losses)	237,423		(85,854	)	323,277		NM
Total noninterest income	2,852,667		2,585,806		266,861		10.3
NONINTEREST EXPENSE
Employee compensation and benefits	2,087,378		2,068,360		19,018		0.9
Net occupancy expense	258,533		248,367		10,166		4.1
Outside processing and software	305,538		292,038		13,500		4.6
Equipment expense	154,764		147,804		6,960		4.7
Marketing and customer development	135,928		127,956		7,972		6.2
Amortization of intangible assets	73,266		78,922		(5,656	)	(7.2	)
Loss on extinguishment of debt	9,800		-		9,800		100.0
Other noninterest expense	753,229		682,636		70,593		10.3
Total noninterest expense	3,778,436		3,646,083		132,353		3.6
INCOME BEFORE INCOME TAXES	2,318,121		2,292,169		25,952		1.1
Provision for income taxes	695,230		681,052		14,178		2.1
NET INCOME	1,622,891		1,611,117		11,774		0.7
Preferred dividends	22,408		-		22,408		100.0
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS	1,600,483		1,611,117		(10,634	)	(0.7	)
Gain on sale of shares of The Coca-Cola Company, net of tax	(145,580	)	-		(145,580	)	(100.0	)
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS EXCLUDING THE GAIN ON SALE OF SHARES OF THE COCA-COLA COMPANY 2	$1,454,903		$1,611,117		($156,214	)	(9.7	)%
REVENUE AND NONINTEREST EXPENSE
Net interest income	$3,552,031		$3,499,176		$52,855		1.5	%
Taxable-equivalent adjustment	75,436		64,089		11,347		17.7
Net interest income - FTE	3,627,467		3,563,265		64,202		1.8
Noninterest income	2,852,667		2,585,806		266,861		10.3
Total revenue - FTE	6,480,134		6,149,071		331,063		5.4
Net securities (gains)/losses	(237,423	)	85,854		323,277		NM
Net gain on sale of Bond Trustee business	-		(112,759	)	(112,759	)	(100.0	)
Total revenue - FTE excluding net securities (gains)/losses and net gain on sale of Bond Trustee business 2	$6,242,711		$6,122,166		$120,545		2.0	%
SELECTED AVERAGE BALANCES (Dollars in millions)
Average loans
Commercial	$33,964		$33,793		$171		0.5	%
Real estate home equity lines	13,908		13,512		396		2.9
Real estate construction	13,610		12,041		1,569		13.0
Real estate 1-4 family	31,938		33,246		(1,308	)	(3.9	)
Real estate commercial	12,774		12,810		(36	)	(0.3	)
Credit card	430		303		127		41.9
Consumer - direct	4,313		4,577		(264	)	(5.8	)
Consumer - indirect	8,064		8,425		(361	)	(4.3	)
Nonaccrual and restructured	738		359		379		NM
Total loans	$119,739		$119,066		$673		0.6	%
Average deposits
Noninterest bearing deposits	$21,923		$23,560		($1,637	)	(6.9	)%
NOW accounts	19,809		16,801		3,008		17.9
Money market accounts	22,142		24,990		(2,848	)	(11.4	)
Savings	4,754		5,349		(595	)	(11.1	)
Consumer and other time	28,843		26,011		2,832		10.9
Total consumer and commercial deposits	97,471		96,711		760		0.8
Brokered and foreign deposits	23,925		26,614		(2,689	)	(10.1	)
Total deposits	$121,396		$123,325		($1,929	)	(1.6	)%

¹ Any change over 100 percent is labeled as “NM”. Those changes over 100 percent were not considered to be meaningful.

² SunTrust presents selected financial data on a basis that excludes net securities gains/(losses), the gain on the sale of shares of The Coca-Cola Company, and net gain on sale of Bond Trustee business. The Company believes the exclusion of these items is more indicative of the Company’s performance because it isolates income that is primarily customer relationship and customer transaction driven and is more indicative of normalized operations.

Page 16

PRELIMINARY DATA

Retail Line of Business

(Dollars in thousands)     (Unaudited)

	Three Months Ended						Nine Months Ended
	September 30 2007		September 30 2006		% Change3		September 30 2007		September 30 2006		% Change3
Statement of Income
Net interest income	$571,995		$582,523		(1.8	)%	$1,732,626		$1,753,762		(1.2	)%
FTE adjustment	33		33		-		104		75		38.7
Net interest income - FTE	572,028		582,556		(1.8	)	1,732,730		1,753,837		(1.2	)
Provision for loan losses1	71,777		26,452		NM		165,383		65,041		NM
Net interest income after provision for loan losses - FTE	500,251		556,104		(10.0	)	1,567,347		1,688,796		(7.2	)
Noninterest income before securities gains/(losses)	284,821		269,632		5.6		811,452		792,896		2.3
Securities gains/(losses), net	-		-		-		3		-		100.0
Total noninterest income	284,821		269,632		5.6		811,455		792,896		2.3
Noninterest expense before amortization of intangible assets	528,274		520,453		1.5		1,579,210		1,568,572		0.7
Amortization of intangible assets	17,192		21,023		(18.2	)	53,209		64,631		(17.7	)
Total noninterest expense	545,466		541,476		0.7		1,632,419		1,633,203		-
Income before provision for income taxes	239,606		284,260		(15.7	)	746,383		848,489		(12.0	)
Provision for income taxes	86,572		103,345		(16.2	)	270,720		309,361		(12.5	)
FTE adjustment	33		33		-		104		75		38.7
Net income	$153,001		$180,882		(15.4	)	$475,559		$539,053		(11.8	)
Total revenue - FTE	$856,849		$852,188		0.5		$2,544,185		$2,546,733		(0.1	)
Average Balance Sheet
Total loans	$32,065,833		$30,834,646		4.0	%	$31,631,670		$30,840,312		2.6	%
Goodwill	4,897,026		4,900,363		(0.1	)	4,895,711		4,890,150		0.1
Other intangible assets excluding MSRs	194,011		269,763		(28.1	)	212,006		291,282		(27.2	)
Total assets	38,069,298		37,218,400		2.3		37,831,104		37,870,529		(0.1	)
Total deposits	67,401,579		69,659,995		(3.2	)	68,471,359		68,814,272		(0.5	)
Shareholders’ equity is not allocated at this time2
Performance Ratios
Efficiency ratio	63.66	%	63.54	%			64.16	%	64.13	%
Impact of excluding cost of intangible assets	(5.82	)	(6.26	)			(5.91	)	(6.35	)
Tangible efficiency ratio	57.84	%	57.28	%			58.25	%	57.78	%

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 17

PRELIMINARY DATA

Commercial Line of Business

(Dollars in thousands)     (Unaudited)

	Three Months Ended						Nine Months Ended
	September 30 2007		September 30 2006		% Change		September 30 2007		September 30 2006		% Change
Statement of Income
Net interest income	$218,273		$231,287		(5.6	)%	$657,704		$688,062		(4.4	) %
FTE adjustment	9,319		10,437		(10.7	)	28,205		30,372		(7.1	)
Net interest income - FTE	227,592		241,724		(5.8	)	685,909		718,434		(4.5	)
Provision for loan losses1	2,959		1,649		79.4		13,681		7,208		89.8
Net interest income after provision for loan losses - FTE	224,633		240,075		(6.4	)	672,228		711,226		(5.5	)
Noninterest income before securities gains/(losses)	74,819		70,331		6.4		219,634		211,803		3.7
Securities gains/(losses), net	-		-		-		-		-		-
Total noninterest income	74,819		70,331		6.4		219,634		211,803		3.7
Noninterest expense before amortization of intangible assets	165,542		164,761		0.5		500,424		503,799		(0.7	)
Amortization of intangible assets	-		-		-		-		-		-
Total noninterest expense	165,542		164,761		0.5		500,424		503,799		(0.7	)
Income before provision for income taxes	133,910		145,645		(8.1	)	391,438		419,230		(6.6	)
Provision for income taxes	19,558		26,098		(25.1	)	59,377		70,179		(15.4	)
FTE adjustment	9,319		10,437		(10.7	)	28,205		30,372		(7.1	)
Net income	$105,033		$109,110		(3.7	)	$303,856		$318,679		(4.7	)
Total revenue - FTE	$302,411		$312,055		(3.1	)	$905,543		$930,237		(2.7	)
Average Balance Sheet
Total loans	$33,016,609		$32,985,857		0.1	%	$33,042,986		$32,477,973		1.7	%
Goodwill	1,262,724		1,264,845		(0.2	)	1,262,361		1,263,698		(0.1	)
Other intangible assets excluding MSRs	-		-		-		-		-		-
Total assets	35,462,037		35,485,345		(0.1	)	35,471,695		34,939,517		1.5
Total deposits	14,031,723		13,601,082		3.2		14,181,207		13,653,491		3.9
Shareholders’ equity is not allocated at this time2
Performance Ratios
Efficiency ratio	54.74	%	52.80	%			55.26	%	54.16	%
Impact of excluding cost of intangible assets	(2.42	)	(2.24	)			(2.40	)	(2.29	)
Tangible efficiency ratio	52.32	%	50.56	%			52.86	%	51.87	%

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						Nine Months Ended
	September 30 2007		September 30 2006		% Change3		September 30 2007		September 30 2006		% Change3
Statement of Income
Net interest income	$40,509		$45,630		(11.2	)%	$131,165		$158,100		(17.0	) %
FTE adjustment	13,000		8,071		61.1		33,946		22,178		53.1
Net interest income - FTE	53,509		53,701		(0.4	)	165,111		180,278		(8.4	)
Provision for loan losses1	13,582		5,784		NM		30,445		4,954		NM
Net interest income after provision for loan losses - FTE	39,927		47,917		(16.7	)	134,666		175,324		(23.2	)
Noninterest income before securities gains/(losses)	47,305		142,249		(66.7	)	391,780		457,631		(14.4	)
Securities gains/(losses), net	-		(360	)	(100.0	)	-		(360	)	(100.0	)
Total noninterest income	47,305		141,889		(66.7	)	391,780		457,271		(14.3	)
Noninterest expense before amortization of intangible assets	109,373		117,639		(7.0	)	367,533		367,656		-
Amortization of intangible assets	122		122		-		366		366		-
Total noninterest expense	109,495		117,761		(7.0	)	367,899		368,022		-
Income before provision for income taxes	(22,263	)	72,045		NM		158,547		264,573		(40.1	)
Provision for income taxes	(21,079	)	18,921		NM		25,613		76,789		(66.6	)
FTE adjustment	13,000		8,071		61.1		33,946		22,178		53.1
Net income	($14,184	)	$45,053		NM		$98,988		$165,606		(40.2	)
Total revenue - FTE	$100,814		$195,590		(48.5	)	$556,891		$637,549		(12.7	)
Average Balance Sheet
Total loans	$15,959,121		$16,693,443		(4.4	)%	$15,821,063		$16,362,105		(3.3	) %
Goodwill	147,463		147,595		(0.1	)	147,467		147,578		(0.1	)
Other intangible assets excluding MSRs	1,047		1,525		(31.3	)	1,162		1,988		(41.5	)
Total assets	24,089,010		24,066,808		0.1		23,926,305		23,701,276		0.9
Total deposits	3,462,242		2,885,323		20.0		3,016,481		3,185,002		(5.3	)
Shareholders’ equity is not allocated at this time2
Performance Ratios
Efficiency ratio	108.61	%	60.21	%			66.06	%	57.72	%
Impact of excluding cost of intangible assets	(1.87	)	(0.56	)			(0.63	)	(0.49	)
Tangible efficiency ratio	106.74	%	59.65	%			65.43	%	57.23	%

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 19

PRELIMINARY DATA

Mortgage Line of Business

(Dollars in thousands)     (Unaudited)

	Three Months Ended						Nine Months Ended
	September 30 2007		September 30 2006		% Change3		September 30 2007		September 30 2006		% Change3
Statement of Income
Net interest income	$131,593		$155,467		(15.4	)%	$397,757		$453,665		(12.3	)%
FTE adjustment	-		-		-		-		-		-
Net interest income - FTE	131,593		155,467		(15.4	)	397,757		453,665		(12.3	)
Provision for loan losses 1	11,733		735		NM		34,993		5,735		NM
Net interest income after provision for loan losses - FTE	119,860		154,732		(22.5	)	362,764		447,930		(19.0	)
Noninterest income before securities gains/(losses)	89,946		98,169		(8.4	)	265,358		318,837		(16.8	)
Securities gains/(losses), net	-		-		-		-		-		-
Total noninterest income	89,946		98,169		(8.4	)	265,358		318,837		(16.8	)
Noninterest expense before amortization of intangible assets	235,137		153,869		52.8		583,113		451,146		29.3
Amortization of intangible assets	763		763		-		2,290		2,290		-
Total noninterest expense	235,900		154,632		52.6		585,403		453,436		29.1
Income before provision for income taxes	(26,094	)	98,269		NM		42,719		313,331		(86.4	)
Provision for income taxes	(14,105	)	34,064		NM		5,079		109,513		(95.4	)
FTE adjustment	-		-		-		-		-		-
Net income	($11,989	)	$64,205		NM		$37,640		$203,818		(81.5	)
Total revenue - FTE	$221,539		$253,636		(12.7	)	$663,115		$772,502		(14.2	)
Average Balance Sheet
Total loans	$30,084,217		$31,619,820		(4.9	)%	$30,629,171		$30,863,051		(0.8	)%
Goodwill	276,611		275,705		0.3		276,412		267,291		3.4
Other intangible assets excluding MSRs	2,810		5,800		(51.6	)	3,534		6,557		(46.1	)
Total assets	45,260,858		42,798,017		5.8		45,801,796		41,165,135		11.3
Total deposits	2,322,876		1,998,843		16.2		2,166,451		1,764,025		22.8
Shareholders’ equity is not allocated at this time2
Performance Ratios
Efficiency ratio	106.48	%	60.97	%			88.28	%	58.70	%
Impact of excluding cost of intangible assets	(1.81	)	(1.03	)			(1.54	)	(0.96	)
Tangible efficiency ratio	104.67	%	59.94	%			86.74	%	57.74	%
Other Information
Production Data
Channel mix
Retail	$5,565,382		$6,045,632		(7.9	)%	$18,252,569		$17,792,947		2.6	%
Wholesale	4,456,315		4,617,185		(3.5	)	16,475,540		13,826,092		19.2
Correspondent	2,592,592		3,074,636		(15.7	)	10,672,761		8,699,546		22.7
Total production	$12,614,289		$13,737,453		(8.2	)	$45,400,870		$40,318,585		12.6
Channel mix - percent
Retail	44	%	44	%			40	%	44	%
Wholesale	35		34				36		34
Correspondent	21		22				24		22
Total production	100	%	100	%			100	%	100	%
Purchase and refinance mix
Refinance	$4,266,890		$4,737,623		(9.9	)	$19,554,615		$14,162,394		38.1
Purchase	8,347,399		8,999,830		(7.2	)	25,846,255		26,156,191		(1.2	)
Total production	$12,614,289		$13,737,453		(8.2	)	$45,400,870		$40,318,585		12.6
Purchase and refinance mix - percent
Refinance	34	%	34	%			43	%	35	%
Purchase	66		66				57		65
Total production	100	%	100	%			100	%	100	%
Applications	$21,347,294		$21,541,643		(0.9	)	$70,216,063		$63,908,537		9.9
Mortgage Servicing Data (End of Period)
Total loans serviced	$149,862,311		$124,795,178		20.1	%
Total loans serviced for others	110,457,690		83,079,809		33.0
Net carrying value of MSRs	995,984		724,640		37.4
Ratio of net carrying value of MSRs to total loans serviced for others	0.902	%	0.872	%

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						Nine Months Ended
	September 30 2007		September 30 2006		% Change3		September 30 2007		September 30 2006		% Change3
Statement of Income
Net interest income	$86,021		$93,211		(7.7	)%	$262,690		$275,145		(4.5	)%
FTE adjustment	13		19		(31.6	)	41		53		(22.6	)
Net interest income - FTE	86,034		93,230		(7.7	)	262,731		275,198		(4.5	)
Provision for loan losses 1	1,914		736		NM		5,925		1,679		NM
Net interest income after provision for loan losses - FTE	84,120		92,494		(9.1	)	256,806		273,519		(6.1	)
Noninterest income before securities gains/(losses)	257,115		354,533		(27.5	)	790,633		843,986		(6.3	)
Securities gains/(losses), net	(2	)	(1	)	100.0		8		(53	)	NM
Total noninterest income	257,113		354,532		(27.5	)	790,641		843,933		(6.3	)
Noninterest expense before amortization of intangible assets	238,697		247,056		(3.4	)	743,074		742,978		-
Amortization of intangible assets	6,521		3,662		78.1		16,737		10,968		52.6
Total noninterest expense	245,218		250,718		(2.2	)	759,811		753,946		0.8
Income before provision for income taxes	96,015		196,308		(51.1	)	287,636		363,506		(20.9	)
Provision for income taxes	35,611		73,138		(51.3	)	106,105		135,425		(21.7	)
FTE adjustment	13		19		(31.6	)	41		53		(22.6	)
Net income	$60,391		$123,151		(51.0	)	$181,490		$228,028		(20.4	)
Total revenue - FTE	$343,147		$447,762		(23.4	)	$1,053,372		$1,119,131		(5.9	)
Measures excluding net gain on sale of Bond Trustee business4
Total noninterest income	$257,113		$354,532		(27.5	)%	$790,641		$843,933		(6.3	)%
Net gain on sale of Bond Trustee business	-		(112,759	)	100.0		-		(112,759	)	100.0
Total noninterest income excluding gain on sale of Bond
Trustee business	$257,113		$241,773		6.3		$790,641		$731,174		8.1
Total revenue - FTE	$343,147		$447,762		(23.4	)	$1,053,372		$1,119,131		(5.9	)
Net gain on sale of Bond Trustee business	-		(112,759	)	100.0		-		(112,759	)	100.0
Total revenue - FTE excluding net gain on sale of Bond
Trustee business	$343,147		$335,003		2.4		$1,053,372		$1,006,372		4.7
Net income	$60,391		$123,151		(51.0	)	$181,490		$228,028		(20.4	)
Net gain on sale of Bond Trustee business, net of tax	-		(69,911	)	100.0		-		(69,911	)	100.0
Net income excluding net gain on sale of Bond
Trustee business	$60,391		$53,240		13.4		$181,490		$158,117		14.8
Average Balance Sheet
Total loans	$7,848,930		$8,128,016		(3.4	)%	$8,022,472		$8,113,524		(1.1	)%
Goodwill	314,166		306,873		2.4		314,297		303,473		3.6
Other intangible assets excluding MSRs	134,068		124,030		8.1		129,395		123,429		4.8
Total assets	8,768,176		8,945,958		(2.0	)	8,923,698		8,898,351		0.3
Total deposits	9,608,257		9,534,090		0.8		9,753,449		9,285,272		5.0
Shareholders’ equity is not allocated at this time2
Performance Ratios
Efficiency ratio	74.84	%	55.99	%			73.21	%	67.37	%
Impact of excluding cost of intangible assets	(3.08	)	(1.39	)			(2.60	)	(1.79	)
Tangible efficiency ratio	71.76	%	54.60	%			70.61	%	65.58	%
Other Information (End of Period)
Assets under administration
Managed (discretionary) assets	$142,863,031		$138,572,125		3.1	%
Non-managed assets	59,283,257		53,231,004		11.4
Total assets under administration	202,146,288		191,803,129		5.4
Brokerage assets	42,365,873		36,662,400		15.6
Corporate trust assets	8,508,088		10,013,555		(15.0	)
Total assets under advisement	$253,020,249		$238,479,084		6.1

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 total noninterest income, total revenue, and net income excluding the net gain on the sale of the Bond Trustee business. The Company believes total noninterest income, total revenue, 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						Nine Months Ended
	September 30 2007		September 30 2006		% Change2		September 30 2007		September 30 2006		% Change2
Statement of Income
Net interest income	$143,797		$43,274		NM	%	$370,089		$170,442		NM	%
FTE adjustment	4,690		3,908		20.0		13,140		11,411		15.2
Net interest income - FTE	148,487		47,182		NM		383,229		181,853		NM
Provision for loan losses1	45,055		26,212		71.9		57,714		62,113		(7.1	)
Net interest income after provision for loan losses - FTE	103,432		20,970		NM		325,515		119,740		NM
Noninterest income before securities gains/(losses)	64,142		15,833		NM		136,387		46,507		NM
Securities gains/(losses), net	993		(91,455	)	NM		237,412		(85,441	)	NM
Total noninterest income	65,135		(75,622	)	NM		373,799		(38,934	)	NM
Noninterest expense before amortization of intangible assets	(10,598	)	(24,071	)	(56.0	)	(68,184	)	(66,990	)	1.8
Amortization of intangible assets	222		222		-		664		667		(0.4	)
Total noninterest expense	(10,376	)	(23,849	)	(56.5	)	(67,520	)	(66,323	)	1.8
Income before provision for income taxes	178,943		(30,803	)	NM		766,834		147,129		NM
Provision for income taxes	46,342		(47,898	)	NM		228,337		(20,214	)	NM
FTE adjustment	4,690		3,908		20.0		13,140		11,411		15.2
Net income	$127,911		$13,187		NM		$525,357		$155,932		NM
Total revenue - FTE	$213,622		($28,440	)	NM		$757,028		$142,919		NM
Measures excluding securities gains/(losses), net3
Total revenue - FTE	$213,622		($28,440	)	NM	%	$757,028		$142,919		NM	%
Securities (gains)/losses, net	(993	)	91,455		NM		(237,412	)	85,441		NM
Total revenue - FTE excluding net securities (gains)/losses	$212,629		$63,015		NM		$519,616		$228,360		NM
Net income	$127,911		$13,187		NM		$525,357		$155,932		NM
Securities (gains)/losses, net of tax	(616	)	56,702		NM		(147,195	)	52,973		NM
Net income excluding net securities (gains)/losses	$127,295		$69,889		82.1		$378,162		$208,905		81.0
Average Balance Sheet
Total loans	$583,989		$480,197		21.6	%	$591,545		$409,011		44.6	%
Securities available for sale	14,935,925		23,869,058		(37.4	)	18,370,420		24,706,818		(25.6	)
Goodwill	6,372		6,853		(7.0	)	7,233		7,611		(5.0	)
Other intangible assets excluding MSRs	4,756		5,623		(15.4	)	4,966		5,845		(15.0	)
Total assets	23,003,998		31,986,393		(28.1	)	26,739,032		33,056,867		(19.1	)
Total deposits (mainly brokered and foreign)	21,020,746		27,921,482		(24.7	)	23,807,830		26,622,523		(10.6	)
	September 30 2007		June 30 2007
Other Information
Duration of investment portfolio	4.6	%	5.2	%
Accounting net interest income interest rate sensitivity4:
% Change in net interest income under:
Instantaneous 100 bp increase in rates over next 12 months	0.6	%	(0.8	)%
Instantaneous 100 bp decrease in rates over next 12 months	(0.9	)%	0.4	%
Economic net interest income interest rate sensitivity4:
% Change in net interest income under:
Instantaneous 100 bp increase in rates over next 12 months	(0.6	)%	0.3	%
Instantaneous 100 bp decrease in rates over next 12 months	0.2	%	(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 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.

⁴ The recognition of interest rate sensitivity from an accounting perspective is different from the economic perspective due to the election of fair value accounting for the related interest rate swaps. The net interest income sensitivity profile from an economic perspective assumes the net interest payments from the related swaps were included in margin.

Page 22

PRELIMINARY DATA

Consolidated - Segment Totals

(Dollars in thousands)     (Unaudited)

	Three Months Ended						Nine Months Ended
	September 30 2007		September 30 2006		% Change1		September 30 2007		September 30 2006		% Change1
Statement of Income
Net interest income	$1,192,188		$1,151,392		3.5	%	$3,552,031		$3,499,176		1.5	%
FTE adjustment	27,055		22,468		20.4		75,436		64,089		17.7
Net interest income - FTE	1,219,243		1,173,860		3.9		3,627,467		3,563,265		1.8
Provision for loan losses	147,020		61,568		NM		308,141		146,730		NM
Net interest income after provision for loan losses - FTE	1,072,223		1,112,292		(3.6	)	3,319,326		3,416,535		(2.8	)
Noninterest income before securities gains/(losses)	818,148		950,747		(13.9	)	2,615,244		2,671,660		(2.1	)
Securities gains/(losses), net	991		(91,816	)	NM		237,423		(85,854	)	NM
Total noninterest income	819,139		858,931		(4.6	)	2,852,667		2,585,806		10.3
Noninterest expense before amortization of intangible assets	1,266,425		1,179,707		7.4		3,705,170		3,567,161		3.9
Amortization of intangible assets	24,820		25,792		(3.8	)	73,266		78,922		(7.2	)
Total noninterest expense	1,291,245		1,205,499		7.1		3,778,436		3,646,083		3.6
Income before provision for income taxes	600,117		765,724		(21.6	)	2,393,557		2,356,258		1.6
Provision for income taxes	152,898		207,668		(26.4	)	695,230		681,052		2.1
FTE adjustment	27,055		22,468		20.4		75,436		64,089		17.7
Net income	$420,164		$535,588		(21.6	)	$1,622,891		$1,611,117		0.7
Total revenue - FTE	$2,038,382		$2,032,791		0.3		$6,480,134		$6,149,071		5.4
Average Balance Sheet
Total loans	$119,558,699		$120,741,979		(1.0	)%	$119,738,907		$119,065,976		0.6	%
Goodwill	6,904,362		6,902,234		-		6,903,481		6,879,801		0.3
Other intangible assets excluding MSRs	336,692		406,741		(17.2	)	351,063		429,101		(18.2	)
Total assets	174,653,377		180,500,921		(3.2	)	178,693,630		179,631,675		(0.5	)
Total deposits	117,847,423		125,600,815		(6.2	)	121,396,777		123,324,585		(1.6	)
Performance Ratios
Efficiency ratio	63.35	%	59.30	%			58.31	%	59.29	%
Impact of excluding cost of intangible assets	(1.22	)	(1.27	)			(1.13	)	(1.28	)
Tangible efficiency ratio	62.13	%	58.03	%			57.18	%	58.01	%

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

Page 23

EX-99.2

SunTrust Banks, Inc.

3Q 2007 Earnings Presentation

October 18, 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

Reports 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,

and

in

particular

the

outlook

statements

provided

at

slide

14,

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;

our

trading

assets

and

financial

instruments

carried

at

fair

value

expose

the

Company

to

certain

market

risks;

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

withoutwhom

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

our

business

strategy;

our

accounting

policies

and

methods

are

key

to

howwe

report

financial

condition

and

results

of

operations,

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; our disclosure controls and procedures may fail to prevent or detect all errors or acts of fraud; weakness in residential property values and

mortgage loan markets could adversely affect us; and we may be required to repurchase mortgage loans or indemnify mortgage loan purchasers as a result of breaches of

representations and warranties, borrower fraud, or certain borrower defaults, which could harm our liquidity, results of operations and financial condition.

2

3Q 2007 Financial Performance

Income Statement Summary

($ in millions, except per share data)

Net Interest Income (FTE)

Provision for Loan Losses

Noninterest Income

Noninterest Income Excluding Net Securities Gains

& Losses and Net Gain on Sale of Bond Trustee

Total Revenue (FTE)

Total Revenue (FTE) Excluding Net Securities

Gains & Losses and Net Gain on Sale of Bond

Trustee

Total Noninterest Expense

Total Noninterest Excluding Severance

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

Share²

Diluted Net Income Per Average Common Share

Excluding Coke Gain²

3Q 2007

Sept 30, 2007

3Q 2006

% Change

Annualized

2Q 2007

1.

Effective tax rate in 3Q 2007 was 26.7% versus

31.5% in 2Q 2007 due to: taxes paid on The Coca-Cola Company (“Coke”) gain in 2Q;  the true up of expense

associated with the early  termination of a capital security; and lower projected taxable income

2.

Accelerated share repurchase totaling 9.5 million shares completed in 3Q 2007 with 8 million shares fully reflected and 1.5 million partially

Sept 30, 2006

% Change

Nine Months Ended

$1,219.2

0%

4%

$3,627.5

2%

147.0

NM

NM

308.1

NM

819.1

NM

(5)%

2,852.7

10%

818.1

(44)%

(2)%

2,615.2

2%

2,038.4

(57)%

0%

6,480.1

5%

2,037.4

(19)%                          1%

6,242.7

2%

1,291.2

13%

7%

3,778.4

4%

1,246.2   

(2)%

3%

3,733.4

2%

152.9

NM

(26)%

695.2

2%

412.6

NM

(23)%                      1,600.5

(1)%

412.6

(88)%                    (23)%                     1,455.0

(10)%

1.18

NM                      (20)%

4.52

2%

1.18

(81)%

(20)%                            4.11

(7)%

3

1.

Does

not

include

initial

costs

or

non-recurring

expense

reductions

associated

with

E²

implementation,

including

severance

2.

Total realized expense reductions achieved year-to-date through the end of 3Q

($ in millions)

E

2

Efficiency and Productivity Program: Estimated Gross Cost Savings

1

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

E

2

2007 Estimated Gross Cost Savings

1,2

($ in millions)

Gross Cost Savings

For 3Q  

= $59.5M

$140.1

$0.0

$135.0

$90.0

$45.0

$181.0

4

Driving Shareholder Value

Capital

Management

•

3Q 2007 results include a pre-tax one-time charge of $45 million associated with the eliminations

•

Over 1,000 individuals notified in late August of position elimination

E

2

Program

Approximately 2,400 primarily non-customer contact employee positions, or 7% of the

workforce, will be eliminated by year-end 2008

Sale and leaseback transactions are progressing

Investing

For

Growth

Mobile Banking and small business Online Payroll applications will be launched in November

Added 178 net new Retail Mortgage Loan Officers; net overall sales team increased by over 300

During 2007, we will open 47 new branches, and improve over 50% of our branches; over 40% will

be refreshed and over 10% will be renovated

Investments in GenSpring family offices include its recent rebranding (formerly AMA), opening a

New York office, hiring several client advisors, and a small acquisition

10.2 million shares repurchased year-to-date

Tier 1 capital target remains at 7.5%; 7.45% at 9/30/07¹

Evaluation of Coke holdings continues with expected communication before year end

•

Completed transactions and initiatives provide 25% of our $100 million run rate objective for 2009

•

We expect to have the remaining for sale properties under contract by year end

•

Closings on the remaining sales are expected to occur during 4Q 2007 and 1Q 2008

1.  Tier 1 capital ratio is estimated as of 9/30/2007

5

Financial Topics:  Margin and Provision

Margin Continues to Improve, Growing to 3.18% in 3Q 2007

Provision Increase of $42.3 Million Over 2Q 2007

Continued improvement from balance

sheet strategies

Trend should continue in 4Q 2007

2008 NIM should benefit from lower

short term rates and yield curve

steepening

Provision

Net Charge-Offs

Net ALLL Increase

Allowance to Loan

Ratio

Charge-Off Ratio

2Q 2007

3Q 2007

$104.7

88.3

$16.4

0.88%

0.30%

$147.0

103.7

$43.3

0.91%

0.34%

3Q 2007 charge-offs largely from

consumer portfolios

YTD charge-off ratio = 0.28%

Through mid-year 2008, we anticipate 

charge-offs will be in the 35-45 bps

range assuming no further material

deterioration in the economy

Allowance ratio adequate to cover

current estimated losses

2.94%

3.02%

3.10%

3.18%

4Q 2006

1Q 2007

2Q 2007

3Q 2007

($ in millions)

6

Financial Topics:  Market Impacts and Expense Growth

$161 million Pre-Tax Impact of Market Conditions on Non-Interest Income

Capital Markets

Mortgage

Treasury

$    (121)

(88)

48

TOTAL    

$   161

Core Expense Growth of 1.5% YTD 2007 over YTD 2006

($ in millions)

Charges equate to $0.28 per share

Further declines in fixed income values

in September added to our previous

$0.20 impact through August

The losses are largely unrealized, but we

do not expect a material recovery in the

short run

Noninterest Expense

Net E²

Non-Recurring¹

Elimination of FAS 91 Deferral²

Reversal of LILO QTE Reserve

True Up of Expense for Early

Termination of Capital Security

Debt Retirement Cost

Adjusted Noninterest

Expense

YTD 2007

YTD 2006

% Change

$3,778.4

(57.6)

(44.5)

33.6

(9.8)

$3,700.1

$3,646.1

(9.9)

10.9

$3,647.1

3.6%

1.5%

($ in millions)

1. 

Includes $45 million of severance recorded in 3Q 2007

2.  Related to fair value accounting election in May 2007

7

Commercial

$34,970    

29%

Residential

Mortgages

$31,604

   26%

Construction

$14,359     

12%

Home Equity

Lines     

$14,599    

12%

Commercial RE

$12,487       

10%

Indirect

$7,642 

7%

Direct

$4,419

4%

Loan Portfolio: $120,748

1

•

Well diversified by product and client

•

Diversified throughout the SunTrust

footprint

•

No material exposure to credit card or

other consumer unsecured lending

•

The Commercial portfolios, which

represent 39% of total loans, are

performing well overall

•

Trend of increasing charge-offs in

residential mortgage and home equity

portfolios, driven by Alt-A

Credit Perspective

(As of 9/30/07, in millions)

1.  Loan Portfolio also includes credit card balances which totaled $668 million

8

Alt-A 1st

$1,106

3%

Prime 2nd

Mortgage

$3,451

11%

Lot Loans

$1,736

5%

Core Mortgage

Portfolio

$19,526

63%

Alt-A 2nd

$631

2%

Home Equity

Loans

$3,788

12%

Wealth &

Investment

Management

$1,366

4%

Residential Mortgages:  $31,604

Credit Perspective

Note:  LTV’s all at origination and FICO scores refreshed quarterly

(As of 9/30/07, in millions)

•

Core Mortgage Portfolio

•

WA LTV of 73%

•

FICO of 729

•

Lot Loans

•

Developed lots for residences

•

WA FICO of 735

•

Prime 2

nds

•

Purchase money

•

Insured seconds

•

Alt-A 1

st

•

WA LTV is 76%

•

Alt-A 2

nd

•

Portfolio is insured

•

Home Equity Loans

•

WA FICO of 725

•

LTV at 71%

•

40% 1

st

lien

9

Home Equity Lines $14,599

Credit Perspective

(As of 09/30/07, in millions)

LTV at Origination and Refreshed FICO

•

Weighted Average FICO 734

•

24% of portfolio in 1st

lien position

•

Origination Channels

–

Lower risk channels (87% of total)

•

Branch channel (64%)

•

Wealth & Investment Management

(11%)

•

Cross sell to mortgage customers

(7%) 

•

Bank Acquisition (5%)

–

Higher risk channels (13% of total)

•

Wholesale (9%)

•

Purchase Money Lines (4%)

•

Weighted Average seasoning 27 Months

LTV -

$

(in millions)

FICO

<70%

71% -

80%

81% -

90%

91%+

Other

Total

730+

2,875

1,654

1,794

1,831

302

8,002

700-729

560

415

488

561

70

1,982

660 -

699

569

412

522

541

77

2,007

<660

385

317

418

457

144

1,630

Not Refreshed

73

14

19

31

69

194

Total

4,462

2,812

3,241

3,422

661

14,599

LTV -

% of Total

FICO

<70%

71% -

80%

81% -

90%

91%+

Other

Total

730+

19.7%

11.3%

12.3%

12.5%

2.1%

58%

700-729

3.8%

2.8%

3.3%

3.8%

0.5%

14%

660 -

699

3.9%

2.8%

3.6%

3.7%

0.5%

15%

<660

2.6%

2.2%

2.9%

3.1%

1.0%

12%

Not Refreshed

0.5%

0.1%

0.1%

0.2%

0.5%

1%

Total

30.6%

19.3%

22.2%

23.4%

4.5%

100%

10

Construction $14,359

Credit Perspective

(As of 9/30/07, in millions)

•

Construction and A&D for

Commercial purposes accounts

for 27% of the construction

portfolio

•

38% of total residential related

development loans are in Florida

(Res A&D, Res Const, CP, and

Raw Land)

•

The total residential construction

and development portfolio  is

made up of many relatively small

loans with an average size of

$560,000

•

Raw Land is $1.0 billion or 0.8%

of the total loan portfolio and is

geographically dispersed

throughout the SunTrust footprint

Other

  $708

5%

Residential

Construction

$2,835

20%

Construction

Perm

  $3,703

26%

Commercial

A&D 

$669

5%

Commercial

Construction

$3,212

22%

Residential

A&D

  $2,208

15%

Raw Land

$1,024

7%

11

Nonaccrual Loans: $975

Credit Perspective

(As of 9/30/07, in millions)

1.  Includes Home Equity lines on nonaccrual status

•

Commercial portfolios are performing well

overall

•

Residential mortgage non accruals:

–

Alt-A loans make up 50% of the non

accruals but only 5% of residential

mortgage portfolio

–

65% of Alt-A non accruals are 1st

lien with an average LTV of 76%

–

Alt-A 2nds are insured and reserves

have been established for potential

denied claims

–

Most of the remaining residential

mortgage non accruals come from

the Core portfolio, with typically

lower LTVs

•

95% of construction non accruals are from   

residential-related construction and 

development

•

The ALLL covers annualized 3Q 2007

charge-offs by 264% driven by the low loss

content of the residential loan portfolio

Consumer 

$11

1%

Commercial RE 

$41

4%

Construction 

$158

16%

Commercial 

$74

8%

Residential

Mortgages

1

$691

71%

12

Appendix

13

3Q 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

Loans Held for Sale

Trading Assets

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)

3Q 2007

% Change

3Q 2006

$    31,003.5

13,686.6

14,133.1

12,759.3

34,247.9

4,368.0

7,966.4

119,558.7

9,748.0

10,692.4

12,587.1

$  152,327.6

$    21,445.1

19,543.4

22,560.3

4,456.5

16,839.9

11,862.4

$    96,707.6

$    33,875.7

12,805.6

13,626.3

12,808.6

34,306.9

4,206.9

8,339.1

120,742.0

11,026.4

2,988.6

23,996.6

$  158,914.7

$    22,933.4

16,596.2

24,267.0

5,591.2

16,402.5

11,852.2

$    97,642.5

(8)%

7%

4%

0%

0%

4%

(4)%

(1)%

(12)%

NM

(48)%

(4)%

(6)%

18%

(7)%

(20)%

3%

0%

(1)%

14

Outlook

1

•

We expect further net interest margin expansion in 4Q 2007; 2008

net interest margin should benefit from

lower short term rates and yield curve steepening.²

•

We do not expect any meaningful increase in large corporate loans related to “hung”

leveraged buy-out

transactions, as SunTrust does not have any significant exposure

in this area.

•

Through mid-year 2008, we anticipate net charge-offs will be in the 35-45 basis point range assuming no

further material deterioration in the economy.²

•

We do not expect a material near-term recovery of the losses associated with the mark-to-market

adjustments realized in 3Q 2007.

•

We expect the tax rate in the fourth quarter to approximate 30%,

resulting in approximately that level for the

full year.²

•

Our Tier 1 capital ratio target remains 7.5%.

•

In the fourth quarter, we intend to replace approximately $650 million of capital instruments with hybrid

securities that have a higher equity content.

•

E²

Efficiency and Productivity Initiative:

–

We anticipate that we will exceed our upwardly revised E²

target of $181 million in estimated gross cost savings for 2007.

–

In conjunction with our corporate real estate space utilization strategy, we have been actively marketing 469 properties over the past

several months.  A majority of these properties are currently under contract.  We expect to have the remaining properties that are for

sale under contract by the end of the year.  We expect to close the remaining sales during the fourth quarter of 2007 and first quarter

of 2008.

–

We are confident that we will achieve our $350 million gross cost savings goal in 2008.

–

Our 2009 gross cost savings goal remains $530 million.

1.

Actual

results

could

differ

materially

from

those

contained

in

or

implied

by

such

statements

-

a

list

of

important

factors

that

could

affect

actual

results

are

listed on slide 1

2.

Assumes no further material deterioration in the economy