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)     September 13, 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” or “SunTrust”) will present at the Barclays Capital Global Financial Services Conference in New York City on Tuesday, September 14, 2010, at 2:45 p.m. (Eastern Time). Mark A. Chancy, Corporate Executive Vice President and Chief Financial Officer, will make SunTrust’s presentation. A copy of the presentation materials to be used by the Registrant during these meetings is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein. Such materials will also be available on the Registrant’s web site at www.suntrust.com.

Information contained on the Registrant’s website 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 Item 7.01 of this Current Report on Form 8-K. All information in 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 7.01 of this report on Form 8-K.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1 Presentation materials dated September 14, 2010 (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: September 13, 2010.	By:	/s/ David A. Wisniewski
		David A. Wisniewski, Group Vice President,
		Associate General Counsel and Assistant Secretary

EX-99.1

SunTrust Banks, Inc.

Barclays Capital Global Financial Services Conference

September 14, 2010

Mark Chancy

Chief Financial Officer

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, Quarterly Reports on Form10-Q, and

Current Reports on Form 8-K.   

This presentation includes non-GAAP financial measures to describe SunTrust’s performance. The reconciliations 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, is a forward-looking statement. These statements often include the words

“believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “goals,” “targets,” “initiatives,” “potentially,” “probably,” “projects,” “outlook” or similar expressions or future conditional verbs such as

“may,” “will,” “should,” “would,” and “could.” Forward-looking statements are based upon the current beliefs and expectations of management and on information currently available to management. Our

statements speak as of the date hereof, and we do not assume any obligation to update these statements 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 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 in Item 1A of Part I of our 10-K and

in other periodic reports that we file with the SEC. Those factors include: our expense for regulatory assessment may increase as a result of the passage of the Dodd-Frank Reform Act; difficult market

conditions have adversely affected our industry; recent levels of market volatility are unprecedented; we are subject to capital adequacy guidelines and, if we fail to meet these guidelines, our financial

condition would be adversely affected; recently enacted legislation, or legislation enacted in the future, or any proposed federal programs 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, including specific 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; the soundness of other financial institutions could adversely affect us; 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; we are subject to certain litigation, and our expenses related to this litigation may adversely affect our results; 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; in 2009 and 2010, 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; our revenues derived from our investment securities may be volatile and subject to a variety of risks; and we may

enter into transactions with off-balance sheet affiliates or our subsidiaries. 

2

Investment Thesis

Stable Base Provides Solid Foundation for Future Growth

Large Diversified Franchise

Improved Results and Capital

Structure

Strengthened Credit and Risk

Profile

Growth Strategies

•

Diversify the balance

sheet

•

Optimize business mix

•

Improve expense

efficiency

•

Grow market share

•

High market share in attractive

growth markets

•

Diversified business and product

mix

•

Diversified credit profile

•

Improved credit trends

•

Enhanced risk profile

•

Improved core results

•

Funding mix improved

with large, stable deposit

base

•

Solid capital ratios

3

Projected

Population

Growth

4

1.

Source: SNL Financial, as of June 30, 2010 based on MSAs

2.

As of 6/30/2010

3.

Source: SNL Financial---projected household income change, 2010-2015, MSA + counties not in any MSA

4.

Source: SNL Financial---five-year population growth, 2010-2015, MSA + counties not in any MSA

SunTrust Footprint

Attractive Geographic Profile In Higher Growth Markets

•

Ranked top 3 in 20 of the top 25 SunTrust markets

1

–

Top 25 represents 86% of total MSA deposits

–

Top 25 average deposit market share is 14%

•

1,675 branches serving communities with attractive overall growth

prospects

2

•

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

3

Superior Banking Footprint

0.6%

0.9%

1.5%

2.2%

2.9%

3.5%

3.7%

3.8%

4.5%

5.6%

6.4%

MTB

PNC

CMA

KEY

FITB

MI

COF

USB

RF

BBT

STI

WFC

6.2%

4

Diversified Business Mix

Retail  Banking

Scope       

of

Operations

Market

Focus

1.

As of 6/30/10

•

Footprint

•

1,675 branches

1

•

2,902 ATMs

1

•

Consumer lending

•

Retail clients in

SunTrust footprint

•

Business clients

with <$5MM in

revenue (<$10MM

in major markets)

Well Diversified Business Mix

•

National with focus

on selected industry

sectors

•

Full line of traditional

banking and

investment banking

services

•

Large Corporate:

>$750MM in

revenue

•

Capital markets

services for

Commercial,

Middle Market and

CRE clients

•

Primarily footprint

•

Full array of wealth

management

products and

professional

services to national,

individual and

institutional clients

•

AUA = $201B

1

•

Individuals and

families in need of

private wealth

management

•

Organizations in

need of

administrative and

investment

solutions

Wealth and

Investment

Management

Corporate and

Investment Banking

5

Diversified Business Mix

Commercial Real

Estate

Scope       

of

Operations

Market

Focus

•

National

•

Residential

mortgages

•

Mortgage servicing

portfolio of $178B

•

Prime-based

platform; ~100% of

2Q 2010

originations for sale

were agency

•

54% of production in

2Q 2010 was retail

originated

•

Footprint

•

Full line of banking

and investment

banking services

•

Commercial real

estate developers

and investors

•

Class A,

institutional grade

properties

Well Diversified Business Mix

•

Primarily footprint

•

Full line of lending,

capital markets,

commercial card,

treasury and payment

solutions

•

Commercial: $5MM-

$100MM in revenue

•

Middle Market:               

$100MM-$750MM in

revenue

•

Not-for-Profit &

Government Entities

•

Asset Based

Lending and

Leasing

1.

As of 6/30/10

Mortgage

Diversified

Commercial Banking

1

6

Diversified Business and Product Mix

Well Diversified Business and Product Mix

Total Revenue, Six Months Ended 6/30/10

45%

15%

11%

10%

8%

8%

3%

Retail Banking

Wealth and Investment Management

Corporate and Investment Banking

Diversified Commercial Banking

Mortgage

Corporate Other and Treasury

Commercial Real Estate

7

$(400)

$(350)

$(300)

$(250)

$(200)

$(150)

$(100)

$(50)

$-

$50

3Q 2009

4Q 2009

1Q 2010

2Q 2010

Preferred Dividends

Improved Results

Losses Improved Significantly, Operating Trends Are Encouraging

Net Loss Available to Common Shareholders ($ in Millions)

Net Income/Loss

$(377)

$(316)

$(229)

$(56)

8

$163 Billion

June 30, 2010

Large, Stable Deposit Base Primary Source of Liquidity

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

Diversified Sources of Funding

$172 Billion

December 31, 2008

Core Deposits 61%

Other Deposits 5%

Short-Term Borrowings

5%

Long-Term Borrowings 16%

Capital 13%

Core Deposits 71%

Other Deposits 1%

Short-Term Borrowings

4%

Long-Term Borrowings 10%

Capital 14%

1

1

9

5.83%

5.83%

7.34%

7.49%

7.67%

7.70%

7.92%

5.59%

5.82%

6.86%

7.01%

6.73%

6.88%

7.18%

5.00%

5.50%

6.00%

6.50%

7.00%

7.50%

8.00%

8.50%

4Q 2008

1Q 2009

2Q 2009

3Q 2009

4Q 2009

1Q 2010

2Q 2010

Tier 1 Common

TCE

Improved Capital Ratios

Capital Ratios

1.

Tangible common equity to tangible assets; please refer to the appendix to this presentation for a reconcilement to the most directly comparable GAAP financial

measure

1

10

Diversified Portfolio

Loan

Portfolio

6/30/2010:

$112,925

Loan Portfolio is Well Diversified by Geography and Product Type

1

($ in millions)

26%

16%

13%

8%

7%

7%

3%

20%

Florida

Georgia

Virginia

North Carolina

Maryland

Tennessee

South Carolina

Outside of Footprint

29%

28%

14%

13%

12%

4%

Commercial

Residential Mortgage

Home Equity Lines

Commercial Real Estate

Consumer

Construction

Note:  Geographic distribution excludes $1.0 billion credit card portfolio and $3.7 billion student loan portfolio

1. Includes credit card portfolio of $1.0 billion

11

Geography

Property Type

Granularity

4,438

1,252

71

19

13

$<1MM

$1MM-

$10MM

$10MM-

$20MM

$20MM-

$30MM

$30MM+

41% Investor Owned Portfolio is Well Diversified

Commercial Real Estate Portfolio

$1MM Average Loan Size

($ in millions)

Mid-Atlantic

43%

Central

30%

Florida

19%

National

8%

Retail

24%

Office

18%

Multifamily

18%

Special

Purpose Real

Estate

14%

Warehouse/

Industrial

13%

Hotels/

Motels

8%

Other

5%

Note:  Data as of 2Q 2010

Investor

Owned

$6,257

41%

Owner

Occupied

$8,877

59%

12

Diversified Portfolio

Net

Charge-Offs

2Q

2010:

$722

Asset  Quality Issues Remain Concentrated in Residential Real Estate Related Portfolios

1. Includes credit card portfolio which had net charge-offs of $21 million

Nonaccrual

Loans

2Q

2010:

$4,699

1

($ in millions)

40%

21%

19%

12%

6%

2%

Residential Mortgage

Construction

Home Equity Lines

Commercial

Consumer

Commercial Real Estate

45%

29%

6%

8%

1%

11%

Residential Mortgage

Construction

Home Equity Lines

Commercial

Consumer

Commercial Real Estate

13

Higher

Risk

Portfolio

Segments

Significantly

Reduced

Higher Risk Segment Loan Balances Reduced 35%

$0

$2,000

$4,000

$6,000

$8,000

$10,000

Construction

Prime 2nd

Home Equity

Loans

Lot Loans

Alt-A

High LTV

Broker

Originated

12/31/2008

06/30/2010

49%

Residential Mortgage

Home Equity Lines

Loan Balances

31%

28%

33%

36%

12%

22%

Construction

43% Commercial      

57% Residential

($ in millions, period end balances)

14

$2,839

$2,942

$2,587

$2,415

$2,074

$1,876

$1,992

Delinquencies

Delinquencies Have Been Trending Down

$539

$756

$690

$644

$521

$532

$588

$2,300

$2,186

$1,897

$1,771

$1,553

$1,344

$1,404

4Q 2008

1Q 2009

2Q 2009

3Q 2009

4Q 2009

1Q 2010

2Q 2010

90 DPD Loans

30-

89 DPD Loans

15

Nonperforming Loan Trends

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

quarter change in accruing restructured loans (TDR’s)

($ in millions)

$905

$910

$1,056

$1,203

$1,311

$1,664

$946

$779

$603

$236

$906

$1,043

$1,274

$1,285

$1,500

$1,938

$1,365

$1,076

$870

$597

1Q 2008

2Q 2008

3Q 2008

4Q 2008

1Q 2009

2Q 2009

3Q 2009

4Q 2009

1Q 2010

2Q 2010

NPL Formation

NPL + TDR Formation

Four

Quarter

Trend

of

Declining

Problem

Loan

Formation

1

16

Accruing Troubled Debt Restructures Trends

87% of Accruing TDRs are Current and 98% are Consumer Loans

($ in millions, period end balances)

Accruing TDRs

$1,641

$1,909

$2,269

$1,390

$1,682

$1,980

$125

$125

$155

$126

$102

$134

4Q 2009

1Q 2010

2Q 2010

Current

30 DPD

60+ DPD

17

Allowance for Loan and Lease Losses

Increased Reserve Levels

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

$-

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

1Q 2008

2Q 2008

3Q 2008

4Q 2008

1Q 2009

2Q 2009

3Q 2009

4Q 2009

1Q 2010

2Q 2010

ALLL

Loan Coverage Ratio

18

Net Charge-Offs and Loan Coverage Ratios

The Loan Coverage Ratio Continued to Increase and Exceeded the Net Charge-Off Ratio in 2Q 2010

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

1Q 2008

2Q 2008

3Q 2008

4Q 2008

1Q 2009

2Q 2009

3Q 2009

4Q 2009

1Q 2010

2Q 2010

NCO Ratio

Loan Coverage Ratio

19

Mission and Values

SunTrust’s Mission is Supported by a Core Set of Values Which Underlie the Corporate Strategies

Values

20

Strategies

SunTrust Has a Set of Strategies That Will Drive Future Performance

21

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

Balance

Sheet

Diversity

and

Business

Mix

Optimization

1.

Includes credit card portfolio comprised of consumer and commercial card balances

•

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 Available for Sale

Loans

Commercial

Mortgage

Home Equity

Commercial Real Estate

Construction

Consumer Direct

1

Consumer Indirect

Loans

Deposits

Client Deposits

Brokered and Foreign

Total Deposits

Long-Term Debt

$27.6

32.5

31.1

15.4

15.2

5.0

6.7

7.0

$112.9

$116.3

2.4

$118.7

$15.7

40%

(21)%

(3)%

(6)%

2%

(49)%

10%

8%

(11)%

10%

(70)%

5%

(41)%

10%

(6)%

(8)%

9%

21%

(64)%

49%

(12)%

(7)%

17%

(90)%

(4)%

(17)%

($ in billions, period end balances)

•

Commercial

portfolio

targeted

for

growth;

however,

lower client line utilization drove a decrease in

outstanding balances

•

Construction loans decreased over 60%

since 2006

•

Increase in client deposits

enabled a significant

reduction in brokered and foreign deposits

•

Repayment of over $7 billion in FHLB advances

in

2009 and $900 million in the first half of 2010

•

Consumer direct increased nearly 50%

since 2006

2Q 2010

4Q 2008

% Change

4Q 2006

% Change

22

Expense Efficiency Focus

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

2009        2008        2006

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

($ in millions)

Employees

Total Expenses

Expenses Excl. Adjustments

2

Cyclical Expenses

2

Expenses Excl. Adjustments

and Cyclical

2

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 2006

•

Cyclical expenses up over $800MM

in 2009 vs. 2006

•

Expenses flat

vs. 2006 and down 2%

vs. 2008

•

Nonrecurring and cyclical expenses are masking

decreased operating expenses

•

2009 expenses impacted by $751MM noncash

goodwill impairment

1

23

$74,961

$92,420

$38,367

$26,248

Q4 2008

Q2 2010

Low Cost Deposits

High Cost Deposits

$113,328

23%

Deposit Growth

Efforts to Grow Low Cost Deposits and Households Is Yielding Results

($ in millions)

Deposit Growth and Mix Improvement

32%

$118,668

5%

Household Growth

0.5%

1.2%

4.1%

4.3%

2009 US HH

Growth

2009 STI

Footprint HH

Growth

2009 STI Net HH

Growth

2010 STI

Annualized Net

HH Growth

1.

Source: 2008 & 2009 Nielsen Claritas Demographic Update

2.

Retail Banking line of business checking households

1

1

2

2

24

Investment Thesis

Stable Base Provides Solid Foundation for Future Growth

Large Diversified Franchise

Growth Strategies

Improved Results and Capital

Structure

Strengthened Credit and Risk

Profile

•

Diversify the balance

sheet

•

Optimize business mix

•

Improve expense

efficiency

•

Grow market share

•

High market share in attractive

growth markets

•

Diversified business and product

mix

•

Improved core results

•

Funding mix improved

with large, stable deposit

base

•

Solid capital ratios

•

Diversified credit profile

•

Improved credit trends

•

Enhanced risk profile

SunTrust Banks, Inc.

Barclays Capital Global Financial Services Conference

September 14, 2010

Mark Chancy

Chief Financial Officer

26

Appendix

27

($ in millions, except per share data)

Reconciliation of Non GAAP Measures

June 30

March 31

December 31

September 30

June 30

March 31

December 31

2010

2010

2009

2009

2009

2009

2008

Total shareholders' equity               

$23,024

$22,620

$22,531

$22,908

$22,953

$21,646

$22,501

Goodwill, net of deferred taxes                    

(6,197)

(6,202)

(6,204)

(6,205)

(6,213)

(6,225)

(6,941)

Other intangible assets including MSRs, net of deferred taxes

(1,409)

(1,761)

(1,671)

(1,560)

(1,468)

(1,049)

(978)

MSRs

1,298

1,641

1,539

1,423

1,322

895

810

Tangible equity             

16,716

16,298

16,195

16,566

16,594

15,267

15,392

Preferred stock

(4,929)

(4,923)

(4,917)

(4,911)

(4,919)

(5,227)

(5,222)

Tangible common equity

$11,787

$11,375

$11,278

$11,655

$11,675

$10,039

$10,170

Total assets                

$170,668

$171,796

$174,165

$172,718

$176,735

$179,116

$189,138

Goodwill                

(6,323)

(6,323)

(6,319)

(6,314)

(6,314)

(6,309)

(7,044)

Other intangible assets including MSRs                

(1,443)

(1,800)

(1,711)

(1,604)

(1,517)

(1,103)

(1,035)

MSRs

1,298

1,641

1,539

1,423

1,322

895

810

Tangible assets                

$164,200

$165,314

$167,674

$166,223

$170,226

$172,598

$181,870

Tangible equity to tangible assets ¹            

10.18

%

9.86

%

9.66

%

9.96

%

9.75

%

8.85

%

8.46

Tangible common equity to tangible assets²

7.18

%

6.88

%

6.73

%

7.01

%

6.86

%

5.82

%

5.59

%

Tangible book value per common share³

$23.58

$22.76

$22.59

$23.35

$23.41

$28.15

$28.69

Three Months Ended

%

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 assets ratio that excludes preferred stock from tangible equity.   The Company believes this measure is useful to investors

because, by removing the preferred stock (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 who also use this measure.  This measure is also used by management to analyze capital adequacy. 

3.  SunTrust presents 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 this measure is 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 book value on common stock to other

companies in the industry.  

28

($ 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

(1,332)

(5)%

(5,598)

(17)%

Total Expenses

6,562

$     

5,879

$     

4,867

$     

683

$              

12%

1,695

$           

35%

Adjustment 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

5,687

$     

5,659

$     

4,855

$     

28

$                

1%

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

339%

Expenses Excl Adjustments & Cyclical

4,605

$     

4,693

$     

4,609

$     

(88)

$               

(2)%

(4)

$                  

0%