Exhibit 12.1

SunTrust Banks, Inc.

Ratio of Earnings to Fixed Charges and Preferred Stock Dividends (In thousands)

	For the Year Ended December 31
	2009		2008			2007			2006			2005
Ratio 1 - including deposit interest
Earnings:
Income/(loss) before income taxes and extraordinary gain	($2,462,466	)		$728,503		$	2,249,529		$	2,986,441		$	2,866,395
Fixed charges	2,315,287			3,778,776			5,377,312			5,188,060			3,203,493
Total	($147,179	)	$	4,507,279		$	7,626,841		$	8,174,501		$	6,069,888
Fixed charges:
Interest on deposits	$1,439,942		$	2,377,473		$	3,660,766		$	3,464,700		$	1,832,975
Interest on funds purchased and securities sold under agreements to repurchase	7,827			130,563			440,260			543,057			312,193
Interest on other short-term borrowings	14,678			55,102			121,011			74,326			83,087
Interest on trading liabilities	20,206			27,160			15,586			15,540			11,878
Interest on long-term debt	761,404			1,117,428			1,078,753			1,033,932			912,210
Portion of rents representative of the interest factor (1/3) of rental expense	71,230			71,050			60,936			56,505			51,150
Total fixed charges	2,315,287			3,778,776			5,377,312			5,188,060			3,203,493
Preferred stock dividend requirements	279,929			48,834			41,592			10,881			—
Fixed charges and preferred stock dividends	$2,595,216		$	3,827,610		$	5,418,904		$	5,198,941		$	3,203,493
Ratio of earnings to fixed charges	NM			1.19	x		1.42	x		1.58	x		1.89	x
Ratio of earnings to fixed charges and preferred stock dividends	NM			1.18	x		1.41	x		1.57	x		1.89	x
Ratio 2 - excluding deposit interest
Earnings:
Income/(loss) before income taxes and extraordinary gain	($2,462,466	)		$728,503		$	2,249,529		$	2,986,441		$	2,866,395
Fixed charges	875,345			1,401,303			1,716,546			1,723,360			1,370,518
Total	($1,587,121	)	$	2,129,806		$	3,966,075		$	4,709,801		$	4,236,913
Fixed charges:
Interest on funds purchased and securities sold under agreements to repurchase	$7,827			$130,563			$440,260			$543,057			$312,193
Interest on other short-term borrowings	14,678			55,102			121,011			74,326			83,087
Interest on trading liabilities	20,206			27,160			15,586			15,540			11,878
Interest on long-term debt	761,404			1,117,428			1,078,753			1,033,932			912,210
Portion of rents representative of the interest factor (1/3) of rental expense	71,230			71,050			60,936			56,505			51,150
Total fixed charges	875,345			1,401,303			1,716,546			1,723,360			1,370,518
Preferred stock dividend requirements	279,929			48,834			41,592			10,881			—
Fixed charges and preferred stock dividends	$1,155,274		$	1,450,137		$	1,758,138		$	1,734,241		$	1,370,518
Ratio of earnings to fixed charges	NM			1.52	x		2.31	x		2.73	x		3.09	x
Ratio of earnings to fixed charges and preferred stock dividends	NM			1.47	x		2.26	x		2.72	x		3.09	x

NM- not meaningful. For the twelve months ended December 31, 2009, earnings were inadequate to cover fixed charges by $2.5 billion. Earnings included a $751.2 million non-cash goodwill impairment charge in 2009 as well as elevated provision for credit losses.