EX-99.1 2 dex991.htm SLIDE PACKAGE Slide package
SunTrust Banks, Inc.
BancAnalysts
Association of Boston Conference
November 4, 2010
William H. Rogers, Jr.
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,
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
•
Diversify the balance
sheet
•
Optimize business mix
•
Improve expense
efficiency
•
Grow market share
Investment Thesis
Large Diversified Franchise
•
High market share in attractive
growth markets
•
Diversified business and product
mix
Growth Strategies
Stable Base Provides Solid Foundation for Future Growth
•
Diversified credit profile
•
Improved credit trends
•
Enhanced risk profile
Improved Results and Capital
Structure
Strengthened Credit and 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 6/30/2010 based on MSAs
2.
As of 9/30/2010
3.
Source: SNL Financial---projected household income change, 2010-2015, MSA + counties not in any MSA, at 10/12/2010
4.
Source: SNL Financial---five-year population growth, 2010-2015, MSA + counties not in any MSA, at 10/12/2010
SunTrust Footprint
Attractive Geographic Profile In Higher Growth Markets
0.7%
1.1%
2.0%
2.2%
2.9%
3.3%
3.7%
3.9%
4.7%
5.6%
5.7%
6.1%
MTB
PNC
CMA
KEY
FITB
MI
COF
USB
RF
BBT
WFC
STI
U.S. Average Growth:
3.9%
•
Ranked top 3 in 21 of the top 25 SunTrust markets
–
Top 25 represents 85% of total MSA deposits
–
Top 25 average deposit market share is 14%
•
1,670 branches serving communities with attractive overall growth
prospects
•
Projected household income growth is above the U.S. average
Best Footprint in Banking
1
2
3

4
Diversified Business and Product Mix
Well Diversified Business and Product Mix
Total Revenue, Nine Months Ended 9/30/2010
43%
14%
11%
11%
10%
8%
3%
Retail Banking
Wealth and Investment Management
Corporate and Investment Banking
Mortgage
Diversified Commercial Banking
Corporate Other and Treasury
Commercial Real Estate

5
Diversified Business Mix
Retail  Banking
Scope       
of
Operations
Market
Focus
1.
As of 9/30/10
•
Footprint
•
1,670 branches
•
2,928 ATMs
•
Consumer lending
•
Small business
•
Retail clients in
SunTrust footprint
•
Business clients
with <$5MM in
revenue (<$10MM
in major markets)
Helping People Prosper
•
Primarily footprint
•
Full array of wealth
management
products and
professional
services to national,
individual and
institutional clients
•
AUA = $196B
•
Individuals and
families in need of
private wealth
management
•
Organizations in
need of
administrative and
investment
solutions
Wealth and
Investment
Management
•
National
•
Residential
mortgages
•
Mortgage servicing
portfolio
of
$177B
•
Prime-based
platform; ~98% of
3Q 2010
originations for sale
were agency
•
50% of production in
3Q 2010 was retail
originated
Mortgage
1
1
1
1

6
Diversified Business Mix
Commercial Real
Estate
Scope       
of
Operations
Market
Focus
•
Footprint
•
Full line of banking
and capital markets
services
•
Commercial real
estate developers
and investors
•
Class A,
institutional grade
properties
Helping Institutions Prosper
•
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
Diversified
Commercial Banking
Corporate and
Investment Banking
•
National with focus
on selected industry
sectors
•
Full line of traditional
banking and capital
markets services
•
Large Corporate:
>$750MM in
revenue
•
Capital markets
services for
Commercial,
Middle Market and
CRE clients

7
Diversified Portfolio
Loan Portfolio 9/30/2010: $115,055
Loan Portfolio is Well Diversified by Geography and Product Type
1. Includes credit card portfolio, student loans and indirect loans
1
($ in millions)
Note: Geographic distribution excludes $1.0 billion credit card portfolio, approximately $4.4 billion in student loans and $1.0 billion of indirect loans
25%
17%
13%
8%
8%
7%
3%
19%
Florida
Georgia
Virginia
North Carolina
Maryland
Tennessee
South Carolina
Outside of Footprint
28%
28%
14%
13%
13%
4%
Commercial
Residential Mortgage
Consumer
Home Equity Lines
Commercial Real Estate
Construction

8
Diversified Portfolio
Net Charge-Offs 3Q 2010: $690
Asset Quality Issues Remain Concentrated in Residential Real Estate Related Portfolios
1. Includes credit card portfolio which had net charge-offs of $18 million
Nonaccrual Loans 9/30/2010: $4,373
1
($ in millions)
9%
45%
5%
18%
6%
17%
Commercial
Residential Mortgage
Consumer
Home Equity Lines
Commercial Real Estate
Construction
7%
44%
1%
7%
11%
30%
Commercial
Residential Mortgage
Consumer
Home Equity Lines
Commercial Real Estate
Construction

9
$0
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
$8,000
$9,000
$10,000
Construction
Prime 2nd
Home Equity
Loans
Lot Loans
Alt-A
High LTV
Broker Originated
12/31/2008
09/30/2010
Higher Risk Portfolio Segments Significantly Reduced
Higher Risk Segment Loan Balances Reduced  Nearly 40%
55%
Residential Mortgage
Home Equity Lines
Loan Balances
34%
32%
38%
40%
15%
25%
Construction
($ in millions, period end balances)

10
$539
$756
$690
$644
$521
$532
$588
$728
$2,300
$2,186
$1,897
$1,771
$1,553
$1,344
$1,404
$1,400
4Q 2008
1Q 2009
2Q 2009
3Q 2009
4Q 2009
1Q 2010
2Q 2010
3Q 2010
90 DPD Loans
30-89 DPD Loans
$2,839
$2,942
$2,587
$2,415
$2,074
$1,876
$1,992
Delinquencies
Delinquencies Down From Early 2009 Peak
$2,128
1.
Excludes Federally guaranteed GNMA repurchases
2.
Student loan portfolio 30+ DPD increased $326 million in 3Q 2010
as compared to 1Q 2010; approximately 90% of the student loan portfolio is government
guaranteed
Delinquencies
($ in millions)
Total
Delinquencies
Excluding Student
Loans Decreased
$74
Million²
1

11
$3,940
$4,641
$5,504
$5,444
$5,402
$5,185
$4,699
$4,373
$516
$606
$661
$651
$699
$858
$764
$696
4Q 2008
1Q 2009
2Q 2009
3Q 2009
4Q 2009
1Q 2010
2Q 2010
3Q 2010
NPL
OREO
Nonperforming Loans and Assets
Nonperforming Loans are Down 20% From Their 2Q 2009 Peak
$4,456
$5,246
$6,165
$6,095
$6,101
$6,043
$5,463
$5,069
1.
Includes OREO and other repossessed assets; Q1 2010 also includes $160 million of nonperforming loans held for sale
1
Nonperforming Assets
($ in millions)

12
Allowance for Loan and Lease Losses
Increased Reserve Levels
1.50%
2.00%
2.50%
3.00%
$2,000
$2,200
$2,400
$2,600
$2,800
$3,000
$3,200
$3,400
4Q 2008
1Q 2009
2Q 2009
3Q 2009
4Q 2009
1Q 2010
2Q 2010
3Q 2010
ALLL
Loan Coverage Ratio
Allowance for Loan and Lease Losses
($ in millions)

13
Net Charge-Offs and Loan Coverage Ratios
The Loan Coverage Ratio Exceeds the Net Charge-Off Ratio
1.50%
2.00%
2.50%
3.00%
3.50%
4Q 2008
1Q 2009
2Q 2009
3Q 2009
4Q 2009
1Q 2010
2Q 2010
3Q 2010
NCO Ratio
Loan Coverage Ratio

14
$(500)
$(400)
$(300)
$(200)
$(100)
$-
$100
$200
3Q 2009
4Q 2009
1Q 2010
2Q 2010
3Q 2010
Improved Results
Profitable in 3Q 2010, Operating Trends Are Encouraging
Net
Income/(Loss)
Available
to
Common
Shareholders
$(377)
$(316)
$(229)
$(56)
$84
($ in millions)

15
$167 Billion
September 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 Borrowings¹
5%
Long-Term Borrowings 16%
Capital 13%
Core Deposits 70%
Other Deposits 2%
Short-Term Borrowings¹
5%
Long-Term Borrowings 9%
Capital 14%

16
5.83%
5.83%
7.34%
7.49%
7.67%
7.70%
7.92%
8.00%
5.59%
5.82%
6.86%
7.01%
6.73%
6.88%
7.18%
7.26%
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
3Q 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

17
•
Diversify the balance sheet
•
Optimize business mix
•
Improve expense efficiency
•
Grow market share
Investment Thesis
Growth Strategies
Stable Base Provides Solid Foundation for Future Growth

18
$100
$117
2006
3Q 2010
Client Deposits
Balance Sheet Diversity
•
High quality securities
portfolio increased due to
strong liquidity
and 4Q
2009 addition of $5 billion
U.S. Treasury securities
held for TARP repayment
($ in billions, period end balances)
Used Increased Liquidity to Increase Securities Portfolio and Reduce Higher Cost Funding and Long-Term Debt
•
Increase in client deposits
enabled a significant
reduction in brokered and
foreign deposits
•
Repayment of over $7
billion in FHLB advances
in 2009 and over $1
billion
in
2010
+17%
+20%
-88%
-21%
$24
$3
2006
3Q 2010
Brokered and Foreign Deposits
$25
$30
2006
3Q 2010
Securities Available for Sale
$19
$15
2006
3Q 2010
Long-Term Debt

19
Balance Sheet Optimization
SunTrust Will Increasingly Diversify the Portfolio By Growing Commercial and Consumer Loans While 
Managing Real Estate Exposure
Targeted Areas For Growth
Commercial-Related Lending
•Asset-Based Lending
•Middle Market
•Commercial
•CIB
Consumer-Related Lending
•Credit Card
•Private Wealth Management
•Indirect Auto
Note:  Consumer-Related includes Consumer Direct, Consumer Indirect, and Credit Card;  Residential Real Estate-Related includes  Residential Mortgages, Home
Equity Lines, Residential Construction Loans, and Construction Perm Loans; CRE-Related includes  Commercial Real Estate Loans and Commercial Construction 
Loans
Commercial-
Related
28%
Consumer-
Related
14%
Residential
Real Estate-
Related
43%
CRE-Related
15%
(As of 9/30/2010, period end balances)

20
Expense Efficiency Focus
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
Expense Savings Enabled Continued Invest in the Business While Keeping Core Expenses Flat
+35%
-17%
FLAT
33,599
28,001
2006
2009
FTE
Total Expenses
$4,609
$4,605
2006
2009
Expenses Excluding Adjustments
and
Cyclical
Expenses
$4,867
$6,562
2006
2009
($ in millions)
1
2

21
Mission and Values
SunTrust’s Mission is Supported by a Core Set of Principles Which Underlie the Corporate Strategies
Our mission is to help people and institutions prosper
One Team
Client First
Focus on
Profitable Growth
We accomplish this by focusing on three principles:
We know that highly engaged teammates drive client loyalty and that leads to
primary relationship growth

22
Actions Taken Along the Path Are Leading to Market Share Growth
Market Share Growth: Path to Success
•
Investing in
training and
development
•
Conducting
teammate
surveys to better
understand
engagement
•
Developing client-
centric
experiences that
drive loyalty
•
Developing
enterprise-wide
service
excellence
program
•
Developing new
performance
management
program that
better aligns
with goals
•
Holistically
serving the
needs of
consumers and
business owners
•
Tailoring
activities toward
new primary
relationship
packages
•
Garnering client
feedback to inform
strategies and
drive greater
loyalty: calling
1,000 clients daily
•
Creating specific
competitive
strategies by
market
Market Share
Growth

23
Market Share Growth
Efforts to Grow Market Share Are Yielding Results
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: BAI Benchmarking Report, measures based on bank growth, consumer
2.
Source: 2008 & 2009 Nielsen Claritas
Demographic Update
3.
Retail Banking checking households
2
2
3
•
Since the “Live Solid. Bank Solid”
brand campaign began, SunTrust
has out-performed the competition
on
deposit
and
household
growth
•
According to a Gallup poll, SunTrust
clients showed the highest level of
satisfaction with efforts to inform them
about overdraft changes
•
Competitive studies indicate the
service in SunTrust branches
and call centers is the highest in
the industry –
beating large and
regional banks in service scores
1
3

24
•
Diversify the balance
sheet
•
Optimize business mix
•
Improve expense
efficiency
•
Grow market share
Investment Thesis
Large Diversified Franchise
•
High market share in attractive
growth markets
•
Diversified business and product
mix
Growth Strategies
Stable Base Provides Solid Foundation for Future Growth
•
Diversified credit profile
•
Improved credit trends
•
Enhanced risk profile
Improved Results and Capital
Structure
Strengthened Credit and Risk
Profile
•
Improved core results
•
Funding mix improved
with large, stable deposit
base
•
Solid capital ratios

SunTrust Banks, Inc.
BancAnalysts Association of Boston Conference
November 4, 2010
William H. Rogers, Jr.
President

26
Appendix

27
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
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.

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 recurring in nature, but higher in a recessionary cycle 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%