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) March 8, 2010

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 7.01 Regulation FD Disclosure.

SunTrust Banks, Inc. (the “Registrant”, “SunTrust”, or the “Company”) is scheduled to make a presentation at the Raymond James 31st Annual Institutional Investors Conference in Orlando, Florida on Monday, March 8, 2010, at 11:00 a.m. (EST). William H. Rogers, Jr., President, will make SunTrust’s presentation. SunTrust Banks is also scheduled to make a presentation at the 2010 Citi Financial Services Conference in New York City on Wednesday, March 10, 2010, at 8:00 a.m. (EST), and James M. Wells III, Chairman and Chief Executive Officer, will make SunTrust’s presentation. A copy of the slide package to be used at these conferences is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein. Such slide package will also be available on the Company’s web site at www.suntrust.com. Information contained on the Company’s website expressly is not incorporated by reference into this Current Report on Form 8-K.

The information in the preceding paragraph, as well as Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), or otherwise subject to the liabilities of that section. It may only be incorporated by reference into another filing under the Exchange Act or Securities Act of 1933 if such subsequent filing specifically references Section 7.01 of this Current Report on Form 8-K. All information in the slide package speaks 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 7.01 of this report on Form 8-K.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1 Slide package to be presented on March 8, 2010 (furnished with the Commission as a part of this Current Report on 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: March 8, 2010.	By:	/s/ David A. Wisniewski
		David A. Wisniewski,
		Associate General Counsel and Group Vice President

EX-99.1

SunTrust Banks, Inc.

Raymond James 31st Annual Institutional Investors Conference

March 8, 2010

Bill Rogers

President

Exhibit 99.1

1

Important Cautionary Statement About Forward-Looking Statements

The following should be read in conjunction with the financial statements, notes and other information contained in the Company’s 2009 Annual Report on Form 10-K and Current Reports

on Form 8-K.

This presentation includes non-GAAP financial measures to describe SunTrust’s performance. The reconciliation of those measures to GAAP measures are provided within or in the

appendix of this presentation. 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.

This presentation contains forward-looking statements. Any statement that does not describe historical or current facts, including statements about beliefs and expectations, is a forward-

looking

statement.

These

statements

often

include

the

words

“believes,”

“expects,”

“anticipates,”

“estimates,”

“intends,”

“plans,”

“goal,”

“targets,”

“initiatives,”

“potentially,”

“probably,”

“projects,”

“outlook”

or

similar

expressions

or

future

conditional

verbs

such

as

“may,”

“will,”

“should,”

“would,”

and

“could.”

Such

statements

are

based

upon

the

current

beliefs

and

expectations of management and on information currently available to management. Our forward looking statements speak as of the date hereof, and we do not assume any obligation to

update these statements or 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 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 actual results to differ materially from those described in the forward-looking statements can be found at Item 1A of our annual report

on Form 10-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:

difficult market conditions have adversely affected our industry; recent levels of market volatility are unprecedented; the soundness of other financial institutions could adversely affect us;

recently enacted legislation or legislation enacted in the future, and any proposed federal programs, may  subject us to increased regulation and may adversely affect us; we have not yet

received permission to repay TARP funds; emergency measures designed to stabilize the U.S. banking system are beginning to wind down; we are subject to credit risk; weakness in the

economy and in the real estate market, especially including weakness within our geographic footprint, has adversely affected us and may continue to adversely affect us; weakness in the

real

estate

market,

including

the

secondary

residential

mortgage

loan

markets,

has

adversely

affected

us

and

may

continue

to

adversely

affect

us;

as

a

financial

services

company,

adverse

changes in general business or economic conditions could have a material adverse effect on our financial condition and results of operations; changes in market interest rates or capital

markets could adversely affect our revenue and expense, the value of assets and obligations, and the availability and cost 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; 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; we may

continue to suffer increased losses in our loan portfolio despite enhancement of our underwriting policies; depressed market values for our stock may require us to write down goodwill;

clients

could

pursue

alternatives

to

bank

deposits,

causing

us

to

lose

a

relatively

inexpensive

source

of

funding;

consumers

may

decide

not

to

use

banks

to

complete

their

financial

transactions, which could affect net income; we have businesses other than banking which subject 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 business and revenues; we rely on other

companies to provide 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 the business,

revenue, and profit margins; competition in the financial services industry is intense and could result in losing business or reducing 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; we may not pay dividends on your common stock;

our ability to receive dividends from our subsidiaries accounts for most of our revenue and could affect our liquidity and ability to pay dividends; significant legal actions could subject us to

substantial uninsured liabilities; recently declining values of real estate, increases in unemployment, and the related effects on local economies may increase our credit losses, which would

negatively

affect

our

financial

results;

deteriorating

credit

quality,

particularly

in

real

estate

loans,

has

adversely

impacted

us

and

may

continue

to

adversely

impact

us;

our

allowance

for

loan

losses

may

not

be

adequate

to

cover

our

eventual

losses;

we

will

realize

future

losses

if

the

proceeds

we

receive

upon

liquidation

of

nonperforming

assets

are

less

than

the

carrying

value of such assets; disruptions in our ability to access global capital markets may negatively affect our capital resources and liquidity; credit rating agencies downgraded the credit ratings

of SunTrust Bank and SunTrust Banks, Inc., and these downgrades and any subsequent downgrades could adversely impact the price and liquidity of our securities and could have an

impact on our businesses and results of operations; 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, and if these individuals leave or change their roles without effective replacements, operations may suffer; we may not be

able 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 processes are critical to how we report our financial condition and results of

operations, and 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 not prevent or detect all errors or acts of fraud; our financial

instruments

carried

at

fair

value

expose

us

to

certain

market

risks;

and

our

revenues

derived

from

our

investment

securities

may

be

volatile

and

subject

to

a

variety

of

risks.

2

I.    LARGE DIVERSIFIED FRANCHISE

II.

SOLID CAPITAL STRUCTURE

III.  RELATIVE CREDIT STRENGTH

IV.  GROWTH INITIATIVES

Table of Contents

V.  APPENDIX

3

•

Generating profitable

growth

•

Continuing to optimize

balance sheet and

business mix

•

Improving efficiency and

productivity

Investment Thesis

Large Diversified Franchise

•

High market share in attractive

growth markets

•

One of the nation’s largest banks

•

Diversified business mix

Growth Initiatives

Stable Base Provides Solid Foundation for Future Growth

•

Diversified loan portfolio

•

Improved credit trends

•

Conservative

commercial real estate

portfolio

Solid Capital Structure

Relative Credit Strength

•

Solid capital ratios

increased

•

Common capital ratios

compare favorably

•

Diversified funding with

large, stable deposit

base

4

Best Footprint in Banking

Projected Population Growth

4

1.

Source: SNL Financial, as of June 30, 2009 based on MSAs

2.

At 12/31/09

3.

Source: SNL Financial---projected household income change, 2009-2014, MSA + counties not in any MSA

4.

Source: SNL Financial---five-year population growth, 2009-2014, MSA + counties not in any MSA

SunTrust Footprint

Attractive Geographic Profile In Higher Growth Markets

1.0%

1.4%

2.4%

2.6%

3.7%

4.3%

4.5%

4.5%

5.4%

6.5%

7.2%

8.1%

MTB

PNC

CMA

KEY

FITB

COF

MI

USB

RF

BBT

WFC

STI

U.S. Average Growth:

4.6%

•

Ranked top 3 in 20 of the top 25 SunTrust markets

1

–

Top 25 represents 85% of total MSA deposits

–

Top 25 average deposit market share is 14%

•

1,683 branches serving communities with attractive overall growth

prospects

2

•

Projected household income growth is above the U.S. average

3

I. LARGE DIVERSIFIED FRANCHISE

5

166

BB&T

9

2,032

JPMorgan Chase

2

1,856

Citigroup

3

1,244

Wells Fargo

4

142

Regions

10

170

Capital One

8

174

SunTrust

7

270

PNC Financial

6

281

U.S. Bancorp

5

$2,223

Bank of America

1

$B

Company

U.S.

Rank

Source: SNL Financial, excludes custody/processor and non-traditional banks

1.

As of  March 4, 2010

2.

As of December 31, 2009

Deposits

Significant Scale

Assets

Branches

1,357

Fifth Third

9

6,124

Bank of America

2

5,182

JPMorgan Chase

3

3,079

U.S. Bancorp

4

1,052

Citigroup

10

1,683

SunTrust

8

1,840

BB&T

7

1,885

Regions

6

2,669

PNC Financial

5

6,764

Wells Fargo

1

#

Company

U.S.

Rank

SunTrust is a Top 10 U.S. Bank

183

U.S. Bancorp

6

99

Regions

10

938

JPMorgan Chase

2

836

Citigroup

3

824

Wells Fargo

4

115

BB&T

9

116

Capital One

8

122

SunTrust

7

187

PNC Financial

5

$992

Bank of America

1

$B

Company

U.S.

Rank

I. LARGE DIVERSIFIED FRANCHISE

1

2

2

6

Household

Lending

Diversified Business Mix

Retail &

Commercial

Corporate and

Investment

Banking

Wealth &

Investment

Management

Scope       

of

Operations

Market

Focus

-

National

-

Full line of

investment banking

products and

services

-

Middle Market:               

$100MM-$750MM

-

Corporate Banking:

>$750MM

-

Capital markets

capabilities across the

franchise

-

Asset based lending and

leasing

-

National

-

Full array of private

wealth management

and institutional

solutions including

personal and

institutional

investment

management

-

AUA = $205B

-

Individuals and families

in need of private

wealth management

including banking, trust,

brokerage and asset

management solutions

-

Organizations in need

of institutional

administrative and

investment solutions

-

National

-

Residential

mortgages,

consumer lending

-

Ranked #7 in total

mortgage 

origination volume

-

Mortgage servicing

portfolio of $179B

-

Prime-based platform;

~100% of 4Q 2009

originations for sale

were agency

-

53% of production in

4Q 2009 was retail

originated

1.

As of 12/31/09

2.

Full-service branches

3.

For the year ending  December 31, 2009, Inside Mortgage Finance, 1/29/10

-

SunTrust footprint

-

1,683 branches

1,2

-

2,822 ATMs¹

-

Over 800

Relationship

Managers¹

-

Retail clients in

SunTrust footprint

-

Business clients in

SunTrust footprint with

revenues <$100MM

-

Government and not-

for-profit enterprises

-

Commercial and

residential developers

& investors

I. LARGE DIVERSIFIED FRANCHISE

Well Diversified Business and Product Mix

1

3

1

7

5.83%

5.82%

11.02%

8.02%

14.15%

$46.03

$28.15

4Q 2009

3Q 2009

2Q 2009

1Q 2009

Capital Ratios Remained Solid

Tier 1 Common Ratio

Tangible Common Equity Ratio

Tier 1 Capital Ratio

Tier 1 Capital Ratio (Excl TARP)

Total Capital Ratio

Book Value per Share                          

Tangible Common Book Value

per Share

Capital Ratios

II. SOLID CAPITAL

7.34%

6.86%

12.23%

9.11%

15.31%

$36.16

$23.41

1.

Please refer to the appendix to this presentation for a reconcilement to the most directly comparable GAAP financial measure

2.

TARP preferred included in Tier 1 ratio contributes an estimated

3.40% to the 12/31/09 Tier 1 capital ratio, 3.27% at 9/30/09, 3.12% at 6/30/09, and 3.00% at

3/31/09

7.49%

7.01%

12.58%

9.31%

15.92%

$36.06

$23.35

7.67%

6.73%

12.96%

9.56%

16.43%

$35.29

$22.59

1

2

1

8

Capital Ratios

5.7%

6.4%

6.8%

7.0%

7.2%

7.5%

7.5%

7.7%

8.0%

8.2%

8.5%

10.6%

MTB

WFC

USB

FITB

RF

KEY

MI

STI

PNC

CMA

BBT

COF

II. SOLID CAPITAL

Common Capital Ratios Compare Favorably

Source:  SNL Financial and Company Reports, as of 12/31/09

1.

PNC pro forma for 1Q 2010 equity offering

2.

Please refer to the appendix to this presentation for a reconcilement to the most directly comparable GAAP financial measure

Tier 1 Common Ratio

Tangible Common Equity Ratio

5.1%

5.1%

5.5%

5.9%

6.0%

6.0%

6.6%

6.7%

7.6%

7.8%

8.0%

8.1%

MTB

USB

WFC

PNC

BBT

RF

FITB

STI²

KEY

COF

CMA

MI

1

1

9

Funding Profile

$175 Billion

$167 Billion

December 31, 2009

Core Deposits 70%

Other Deposits 3%

Short-Term Borrowings  3%

Long-Term Borrowings 10%

Capital 14%

December 31, 2006

Core Deposits 57%

Other Deposits 14%

Short-Term Borrowings  8%

Long-Term Borrowings 11%

Capital 10%

Large, Stable Deposit Base Primary Source of Liquidity

1. Includes Fed Funds, Repos, and other short-term borrowings

Diversified Sources of Funding

II. SOLID CAPITAL STRUCTURE

1

1

10

Consumer

11%

Commercial

29%

Residential

Mortgages

27%

Home Equity

Lines

14%

Commercial

Real Estate

13%

Construction

6%

Home Equity

Lines

19%

Consumer

7%

Residential

Mortgages

40%

Commercial

12%

Construction

22%

Diversified Credit Profile

Residential

Mortgages

50%

Home Equity

Lines

5%

Commercial

Real Estate

7%

Consumer

1%

Commercial

9%

Construction

27%

Nonaccrual Loans 12/31/09

4Q 2009 Net Charge-Offs

Loan Portfolio 12/31/09

Asset Quality Issues Remain Concentrated in Residential Real Estate Related Portfolios

1

1. Consumer includes credit card portfolio of $1.1 billion, with

net charge-offs of $21 million

III. RELATIVE CREDIT STRENGTH

1

11

3.33%

2.59%

1.97%

1.72%

2.83%

1.37%

1.52%

1.54%

1.81%

1.76%

4Q 2008

1Q 2009

2Q 2009

3Q 2009

4Q 2009

III. RELATIVE CREDIT STRENGTH

Credit Trends

Four Quarter Trend of Declining Early Stage Delinquency

Net Charge-Offs

30-89 Days Past Due

12

Reserve Building and Early Stage Delinquency Trends

III. RELATIVE CREDIT STRENGTH

($ in millions)

$0

$100

$200

$300

$400

$500

3Q 2007

4Q 2007

1Q 2008

2Q 2008

3Q 2008

4Q 2008

1Q 2009

2Q 2009

3Q 2009

4Q 2009

0.70%

0.90%

1.10%

1.30%

1.50%

1.70%

1.90%

Net Additions to ALLL

30-89 Day Delinquency

Additions to Reserve Declining Coincident with Delinquency

13

III. RELATIVE CREDIT STRENGTH

Nonperforming Loan Trends

1. NPL formation is current quarter charge-offs plus sequential quarter change in NPL’s, and NPL formation plus TDR is the same calculation plus the sequential

quarter change in accruing restructured loans (TDR’s)

Two Quarter Trend of Declining Problem Loan Formation¹

($ in millions)

779

946

1,664

910

905

1,056

1,203

1,311

1,076

1,365

1,938

1,500

1,285

1,274

1,043

906

1Q 2008

2Q 2008

3Q 2008

4Q 2008

1Q 2009

2Q 2009

3Q 2009

4Q 2009

NPL Formation

NPL + TDR Formation

14

Commercial-Related Loan Growth

Construction and Land Development

11.4%

38.1%

41.2%

40.8%

25.8%

-0.8%

-10.0%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

2005

2006

2007

Source: SNL Financial

Peer Group: BB&T, Capital One, Comerica, Fifth Third, KeyCorp, M&T, Marshall & Ilsley, PNC, Regions, US Bancorp, and Wells Fargo

III. RELATIVE CREDIT STRENGTH

Late-Cycle Annual Growth in CRE and Construction Is Well Below Peer Group

SunTrust

Peer Group

Commercial Real Estate

3.7%

13.1%

1.6%

1.3%

18.6%

3.9%

0.0%

5.0%

10.0%

15.0%

20.0%

2005

2006

2007

15

Commercial Real Estate Comparison

III. RELATIVE CREDIT STRENGTH

Relatively Lower Loan Concentration in Commercial Real Estate¹

Source:  SNL Financial

1. Includes other nonfarm/nonres RE, 1-4 family construction, other construction, land development and land loans as a percentage of loans as of 12/31/2009

14.9%

15.2%

19.2%

19.4%

21.3%

21.9%

31.4%

32.3%

33.5%

35.7%

36.1%

18.2%

WFC

COF

STI

PNC

USB

KEY

FITB

RF

CMA

MI

BBT

MTB

16

Central

Group

32%

Mid-Atlantic

Group

43%

National

6%

Florida

Group

19%

Investor

Owned

41%

Owner

Occupied

59%

41% Investor Owned Portfolio is Well Diversified

Commercial Real Estate Portfolio

Geography

18

12

4,547

1,208

59

0

1,000

2,000

3,000

4,000

5,000

<$1MM

$1MM-

10MM

$10MM-

20MM

$20MM-

30MM

>$30MM

# of Loans

$1.0 Million Avg Loan Size

Granularity

Retail

24%

Office

21%

Multifamily

18%

Warehouse/

Industrial

15%

Special Purpose

Real Estate

14%

Hotels/

Motels

8%

Property Type

III. RELATIVE CREDIT STRENGTH

$8.9B

$6.2B

17

Historical Net Charge-Off Ratio

Commerical Real Estate

0.06%

0.18%

0.00%

0.05%

0.10%

0.15%

0.20%

SunTrust

Peer Average

III. RELATIVE CREDIT STRENGTH

SunTrust’s 10-Year Average Annual CRE and Construction

NCO

% Is Well Below Peer Average¹

1. 10-year timeframe: 1999-2008

Source: SNL

Peer Group: BB&T, Capital One, Comerica, Fifth Third, KeyCorp, M&T, Marshall & Ilsley, PNC, Regions, US Bancorp, and Wells Fargo

Construction and Land Development

0.18%

0.50%

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

SunTrust

Peer Average

18

•

Generating profitable

growth

•

Continuing to optimize

balance sheet and

business mix

•

Improving efficiency and

productivity

Investment Thesis

Large Diversified Franchise

•

High market share in attractive

growth markets

•

One of the nation’s largest banks

•

Diversified business mix

Growth Initiatives

Stable Base Provides Solid Foundation for Future Growth

•

Diversified loan portfolio

•

Improved credit trends

•

Conservative commercial

real estate portfolio

•

Solid capital ratios

increased

•

Common capital ratios

compare favorably

•

Diversified funding with

large, stable deposit

base

Solid Capital Structure

Relative Credit Strength

19

Continuing to Optimize Balance Sheet and Business Mix

1.

Includes credit card portfolio comprised of consumer and commercial card balances

IV. GROWTH INITIATIVES

•

High quality securities portfolio increased due to strong

liquidity

and 4Q 2009 addition of $5 billion U.S.

Treasury securities held for TARP repayment

Securities

Loans

Commercial

Mortgage

Home Equity

Commercial Real Estate

Construction

Consumer Direct¹

Consumer Indirect

Loans

Deposits

Client Deposits

Brokered and Foreign

Total Deposits

Long-Term Debt

4Q             2009              2009                        

2009         vs.2008        vs. 2006

$28.5

32.5

30.8

16.0

15.1

6.6

6.2

6.5

$113.7

$116.3

5.5

$121.8

$17.5

45%

-21%

-4%

-3%

1%

-33%

1%

0%

-10%

10%

-32%

7%

-35%

14%

-6%

-9%

13%

20%

-52%

37%

-18%

-6%

17%

-77%

-2%

-8%

($ in billions, period end balances)

Used Increased Liquidity to Reduce Higher Cost Funding and Temporarily Increase Securities Portfolio

•

Commercial portfolio targeted for growth;

lower client line utilization in 2H09 drove a decrease in

outstanding balances

•

Construction loans decreased over 50%

since 2006

•

Increase in client deposits

over 1 and 3 year

timeframe enabled a decrease in brokered and foreign

deposits

•

Repayment of over $7 billion in FHLB advances

in

2009

however,

20

Improving Efficiency and Productivity

Improving Efficiency and Productivity

1.

Includes approximately 1,500 positions transitioned to a third party provider contracted for certain check and related processing operations

2.

Appendix includes reconciliation of non-GAAP numbers and details of adjustments and cyclical expenses

IV. GROWTH INITIATIVES

Employees

Total Expenses

Expenses Excl. Adjustments²

Cyclical Expenses²

Expenses Excl. Adjustments

and Cyclical²

2009        2008        2006

28,001

$6,562

$5,687

$1,083

$4,605

29,333

$5,879

$5,659

$966

$4,693

33,599

$4,867

$4,855

$247

$4,609

•

Reduced

FTEs by nearly 5,600, or 17%,

since 2006¹

•

2009 expenses impacted by $751MM goodwill

impairment

•

Cyclical expenses up over $800MM

in 2009 vs. 2006

•

Expenses flat

vs. 2006 and down 2%

vs. 2008

Delivered Over $600MM in Run-Rate Expense Savings, or 12% of 2006 Noninterest Expense Base

•

Nonrecurring and cyclical expenses are masking

decreased operating expenses

($ in millions)

21

Generating Profitable Growth

IV. GROWTH INITIATIVES

Client Acquisition

Client Satisfaction

Profitability

•

Increased deposit market

share

•

Launched Delta Skymiles Debit

Card and other deposit

generating promotions and

enhancements

•

Significant growth in lead

relationships for loan

syndications, fixed income and

equity offerings

•

#3 in footprint for SBA loan

production in 2009¹

•

Ranked highest among banks

in Forrester Customer

Experience Index ranking

•

Won 9 Greenwich Excellence

Awards for Small Business and

Middle Market banking

•

Mortgage ranked #1 in

O’Connor

Customer Service

Survey

•

Launched LiveSolid.com client

website

•

Increasing commercial loan

yields

•

Shifted client deposit mix; 24%

increase in lower cost and 8%

decrease in higher cost

deposits²

•

~30% of new in-footprint

SunTrust mortgage households

open a checking account

•

Over 20% of SunTrust

households have a SunTrust

Mortgage

Delivering on Commitment to Improve Client Acquisition, Client Satisfaction, and Profitability

1.

Ranking calculated by SunTrust based on 2009 unit volume of SBA loan production in the primary SunTrust footprint states.  Data provided by National Association of Government

Guaranteed Lenders and includes raw data compiled by the SBA reflecting 7(a) loan volume during 2009

2.

4Q 2009 average balance compared to 4Q 2008 average balance. Lower cost includes noninterest bearing, NOW, money market and savings, while higher cost includes consumer and

other time deposits

22

SunTrust Banks, Inc.

Raymond James 31st Annual Institutional Investors Conference

March 8, 2010

Bill Rogers

President

23

Appendix

24

V. APPENDIX

($ in thousands, except per share data)

Reconciliation of Non GAAP Measures

1.

SunTrust presents a tangible equity to tangible assets ratio that excludes the after-tax 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

2.

SunTrust presents a tangible common equity to tangible asset ratio and a tangible book value per common share that excludes the after-tax impact of purchase accounting intangible assets and also excludes preferred stock from tangible equity. The Company

believes these measures are useful to investors because by removing the effect of intangible assets that result from merger and acquisition activity as well as preferred stock (the level of which may vary from company to company) it allows investors to more easily

compare the Company's capital adequacy and book value on common stock to other companies in the industry

Three Months Ended

December 31

September 30

June 30

March 31

2009

2009

2009

2009

Total shareholders' equity                

$22,530,855

$22,908,284

$22,953,158

$21,645,626

Goodwill, net of deferred taxes                     

(6,204,415)

(6,204,954)

(6,213,243)

(6,224,610)

Other intangible assets including MSRs, net

of deferred taxes

(1,671,055)

(1,559,765)

(1,468,209)

(1,049,155)

MSRs

1,539,382

1,422,716

1,322,322

894,797

Tangible equity              

           16,194,767

16,566,281

16,594,028

15,266,658

Preferred stock

           (4,917,312)

(4,911,416)

(4,918,863)

(5,227,357)

Tangible common equity

$11,277,455

$11,654,865

$11,675,165

$10,039,301

Total assets                 

$174,164,735

$172,717,747

$176,734,971

$179,116,402

Goodwill                 

(6,319,078)

(6,314,382)

(6,314,382)

(6,309,431)

Other intangible assets including MSRs         

(1,711,299)

(1,604,136)

(1,517,483)

(1,103,333)

MSRs

1,539,382

1,422,716

1,322,322

894,797

Tangible assets                 

$167,673,740

$166,221,945

$170,225,428

$172,598,435

Tangible equity to tangible assets

9.66

%

9.96

%

9.75

%

8.85

%

Tangible common equity to tangible assets

6.73

%

7.01

%

6.86

%

5.82

%

Tangible book value per common share

$22.59

$23.35

$23.41

$28.15

2

2

1

25

V. APPENDIX

($ in millions)

Reconciliation of Non GAAP Measures

1.

Adjusted expense is provided as the removal of certain items that are material and potentially non-recurring is useful to investors and management in comparing among institutions and in

evaluating expense trends

2.

Expense Excluding Adjustments and Cyclical is provided as it removes expenses that are cyclical in nature and is useful to investors and management in assessing the impact of the

recession on non-interest expenses and earnings, and facilitates analysis of the effectiveness of management in controlling expense growth

2009

2008

2006

2009 vs

2008

2009 vs

2008

2009 vs

2006

2009 vs

2006

Employees

28,001

29,333

33,599

(1,322)

-5%

(5,598)

-17%

Total Expenses

$6,562

$5,879

$4,867

683

12%

1,695

35%

Ajustment

Items:

Impairment

751

45

-

(Gain)/Loss on Debt Retirement

39

12

12

Coke Charitable Contribution

-

183

-

Visa Litigation

7

(34)

-

Merger Expense

-

13

-

FDIC Special Assessment

78

-

-

Total Adjustments

875

220

12

Adjusted Expenses

1

5,687

5,659

4,855

28

0%

832

17%

Cyclical Items:

Regulatory Assessments

224

55

23

Credit & Collection Services

259

156

102

Other Real Estate

244

105

-

Mortgage Reinsurance

115

180

-

Operating Losses

100

446

45

Pension Expense

141

24

78

Total Cyclical Expenses

1,083

966

247

117

12%

836

338%

Expenses Excl Adjustments & Cyclical

2

$4,605

$4,693

$4,609

(88)

-2%

(4)

0%