Presentation materials

SunTrust

Banks,

Inc.

2010

Earnings

Presentation

January 21, 2011

Exhibit 99.2

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 Form 10-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, the Company presents net interest income and net interest margin on a fully taxable-equivalent (“FTE”) basis, and ratios 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. Statements regarding future levels of net interest margin, future levels of and rates of change in delinquencies, future levels of nonperforming loans and charge-offs,

the impact of legislative and regulatory changes, are forward-looking statements. Also, 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,” “targets,” “initiatives,” “potentially,” “potential impacts,” “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. Such statements

speak as of the date hereof, and we do not assume any obligation 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 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 are subject to certain risks from originating, selling, and holding mortgages, including the risk that 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, and the risk of delays in the foreclosure process, both of 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 loans and lease 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.

I. HIGHLIGHTS

II. CAPITAL

III. FINANCIAL PERFORMANCE

Table of Contents

IV. RISK REVIEW

V. APPENDIX

Fourth Quarter Highlights

I. HIGHLIGHTS

Regulatory and Legislative Update

I. HIGHLIGHTS

Impacts Becoming Clearer

Comments

Potential Impact

Regulation E

SunTrust Fee Change

•

Client “opt-in”

for overdrafts

•

No charge for items < $5.00

•

$80-$120 million annual

•

$40-$50 million annual

•

Note: impacts of both items already

in 4Q 2010 run-rate and exclude

mitigating actions

Derivatives (Volcker)

•

$80 million in 2010 revenue

•

Minimal

Debit Interchange

(Durbin)

•

$332

million

2010

revenue

74% Signature / 26% Pin

•

~75% potential revenue impact

beginning

2011

–

based

upon

current proposal and before any

mitigating actions

Deposit Insurance

•

$256 million 2010 assessment

•

Expect modest 2011 increase with

some variability in quarterly

expense

Capital

•

Tier 1 Common Ratio exceeds

the

2019

Basel

III

target

•

$2.2 billion TruPS

affected by

Collins amendment

•

Ratio expected to increase

modestly under Basel III calculation

•

~170 bps Tier 1 capital

reduction over 3 years beginning

2013

Includes consumer and commercial debit revenue

Estimate prepared using current SunTrust balance sheet and SunTrust’s interpretation of the proposed regulation

Based upon current estimates. 7% target includes the 4.5% minimum plus the 2.5% conservation buffer. Does not include the 0-2.5% countercyclical buffer

Impact based upon 4Q 2010 estimated risk-weighted assets

4Q 2010

3Q 2010

2Q 2010

1Q 2010

Estimate

Actual Actual

Actual

Regulatory Capital Ratios Continued to Trend Higher

Tier 1 Common Ratio

Tangible

Common

Equity

Ratio

Tier 1 Capital Ratio

Tier

Capital

Ratio

(Excl

TARP)

Total Capital Ratio

Book Value per Share

Tangible Common Book Value

per Share

Capital Ratio Trend

II. CAPITAL

7.70%

6.88%

13.13%

9.56%

16.68%

$35.40

$22.76

7.92%

7.18%

13.51%

9.84%

16.96%

$36.19

$23.58

8.02%

7.26%

13.58%

9.93%

16.42%

$37.01

$24.42

8.08%

7.15%

13.65%

10.00%

16.50%

$36.34

$23.76

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

TARP preferred included in Tier 1 ratio contributes an estimated 3.65% to the 12/31/10 Tier 1 capital ratio, 3.65% at 9/30/10, 3.67% at 6/30/10, and 3.57% at 3/31/10

$1.9B

excess

Tier

Common

Ratio

Exceeds

2019

Basel

III

Standard

Tier 1 Common

II. CAPITAL

2019 is the effective date for Basel III requirement. Includes the 4.5% minimum standard plus the 2.5% conservation buffer; does not include a countercyclical buffer

($ in millions, except per share data)

Q4 Earnings Per Share of $0.23; Net Income Before Preferred Dividends Positive for Full Year 2010

Income Statement Highlights

III.

FINANCIAL

PERFORMANCE

Net Interest Income (FTE)

Provision for Credit Losses

Noninterest Income

Total Revenue (FTE)

Total Noninterest Expense

Pre-Tax Income/(Loss)

Provision/(Benefit) for Income Taxes

Net Income/(Loss)

Preferred Dividends

Net Income/(Loss) Available to Common Shareholders

Net Income/(Loss) Per Average Common Diluted Share

% Change % Change

% Change

4Q 2010 3Q 2010 4Q 2009 FY 2010 FY 2009

$1,294

512

1,032

2,326

1,548

230

185

114

$0.23

$4,970

2,651

3,729

8,699

5,911

(185)

189

274

(87)

$(0.18)

(17)%

(1)%

38%

21%

(0)%

36%

35%

(47)%

39%

19%

(35)%

(10)%

79%

(2)%

NM – not meaningful; changes over 100% or where results change from negative to positive or vice versa

(0)%

(17)%

(1)%

12%

(7)%

(10)%

($ in millions, quarterly average balances)

Balance Sheet Summary

Commercial

Real Estate Home Equity Lines

Real Estate Construction

Real Estate 1-4 Family

Real Estate Commercial

Consumer –

Direct

Consumer –

Indirect

Credit Card

Total Loans

Noninterest-Bearing Deposits

NOW Accounts

Money Market Accounts

Savings

Consumer Time

Other Time

Total Consumer and Commercial Deposits

Brokered and Foreign Deposits

Total Deposits

4Q 2010

3Q 2010

4Q 2009

Annualized

% Change

III. FINANCIAL PERFORMANCE

Excludes $4.2 billion of nonaccrual loans

Loan Portfolio Grew Modestly; Favorable Deposit Trends Continued

$33,067

14,738

2,839

29,789

13,967

6,565

8,683

1,054

$110,702

$27,848

24,637

41,711

4,087

13,360

8,045

119,688

2,827

$122,515

(1)%

(69)%

(6)%

47%

20%

19%

(28)%

(39)%

13%

(4)%

(40)%

(9)%

29%

31%

11%

(7)%

22%

(14)%

(32)%

(45)%

U.S. Treasury

U.S. Agency

MBS –

Agency

U.S. States and Subdivisions

MBS –

Private

Corporate & Other

Asset –

Backed Securities

Other Equity

Total AFS

4Q 2010 3Q 2010 $ Change

Securities

Available for Sale

($ in billions, period-end balances)

Securities Portfolio

III. FINANCIAL PERFORMANCE

$6.4

1.9

17.0

0.7

0.3

0.5

0.9

2.6

$30.3

$(0.9)

(2.6)

(0.1)

0.3

$(3.4)

Portfolio

Reduced

Amidst

Rising

Rates,

Generating

$64

Million

Gains

Note: Columns may not foot due to rounding

$5.5

1.9

14.4

0.6

0.3

0.5

0.8

2.9

$26.9

3.27%

3.32%

3.33%

3.41%

4Q 2009

1Q 2010

2Q 2010

3Q 2010

4Q 2010

Margin Expanded from Lower Funding Costs

•

Margin expanded due to

favorable deposit trends more

than offsetting lower earning

asset yields

•

Margin expected to remain

relatively stable in 1Q 2011

•

Risks to margin include: impacts

of prolonged low rate

environment, a shift in deposit

volume and mix, and loan

pricing

•

Opportunities include continued

deposit re-pricing and lower

NPAs

Net Interest Margin

III. FINANCIAL PERFORMANCE

3.44%

($ in millions)

Provision Declined as Credit Quality Continued to Improve

Provision For Credit Losses

III. FINANCIAL PERFORMANCE

Provision for Credit Losses

Net Charge-offs

Net Charge-off Ratio

Net ALLL Incr/(Decr)

Allowance to Loan Ratio

4Q 2010 3Q 2010 2Q 2010 1Q 2010 4Q 2009

1. Includes impacts of $3 million increase in unfunded commitment reserve in 4Q 2010 and reductions to this reserve of $5 million, $40 million and $15 million in 3Q 2010, 2Q 2010 and 1Q

2010, respectively. 4Q 2009 includes $57 million in provision for unfunded commitments

2. Does not include unfunded commitment reserves

$974

$821

2.83%

$96

2.76%

$862

$821

2.91%

$56

2.80%

$662

$722

2.57%

$(20)

2.81%

$615

$690

2.42%

$(70)

2.69%

$512

$621

2.14%

$(112)

2.58%

Noninterest Income

Net

Adjustments

Adjusted Noninterest Income

Sequential Quarter Drivers

Adjusted

Mortgage

Production

Mortgage Servicing

Adjusted

Trading

Income

($ in millions)

Adjustment detail included in appendix, securities gains and losses are included in adjustments

Adjusted

detail

included

appendix.

GAAP

numbers

for

Mortgage

Production

are

$41

million

and

$133

million

2010

and

2010,

respectively.

GAAP

numbers

for

Trading

Income

are

$93

million

and

$(22)

million

2010

and

2010,

respectively

Noninterest Income

III. FINANCIAL PERFORMANCE

$1,047

$988

$139

132

(18)

(1)%

(6)%

$(89)

(64)

39%

30%

$742

$712

$1,032

103

$929

$50

Change

4Q 2010 3Q 2010 4Q 2009

3Q 2010

4Q 2009

Change

4Q 2010 3Q 2010

Diverse Revenue Stream Enabled Only Modest Sequential Decline Despite Lower Mortgage Revenues

…and Repurchase Request Volume Declined.

Summary Statistics

….as Pending Demands Declined in 4Q 2010….

Losses and Reserves Stabilized…

III. FINANCIAL PERFORMANCE

Mortgage Repurchase Trends

($ in Millions)

4Q 09

1Q 10

2Q 10

3Q 10

4Q 10

Period-end Balance

$326

$287

$317

$320

$293

% Non-Agency

11%

10%

($ in Millions)

4Q 09

1Q 10

2Q 10

3Q 10

4Q 10

2005 & Prior

$15

$18

$21

$26

$20

2006

2007

187

168

204

134

108

2008

2009

2010

Total

$322

$285

$349

$263

$233

% Non-Agency

Metric

(2005

–

2010

vintages)

Amount ($B)

Sold UPB

$204

Remaining UPB

114

Cumulative Repurchase Requests

3.4

Requests Resolved

3.1

Losses Recognized to Date

0.7

4Q 2010 Reserve

0.3

Income Statement Impact to Date

1.0

Memo: Non-Agency UPB

$17

Includes estimates

Amount is included in the $114 billion of Remaining UPB

($ in Millions)

4Q 09

1Q 10

2Q 10

3Q 10

4Q 10

Beginning Balance

$123

$200

$210

$256

$270

Additions

220

128

148

Charge-Offs

(143)

(118)

(102)

(81)

(90)

Ending Balance

$200

$210

$256

$270

$265

Noninterest Expense

Net Adjustments

Adjusted Noninterest Expense

Sequential

Quarter

Drivers

Employee Compensation & Benefits

Outside Processing & Software

Marketing & Customer Development

($ in millions)

1. Adjustment detail included in appendix

Noninterest Expense

III. FINANCIAL PERFORMANCE

$1,548

$1,533

$738

174

$29

$1,453

$1,415

$1,499

$1,487

$709

157

Change

4Q 2010 3Q 2010 4Q 2009

3Q 2010

4Q 2009

Expense

Results

Change

4Q 2010 3Q 2010

Sequentially Higher Expenses due Primarily to Investments for Future Growth

Asset Quality Metrics

IV. RISK REVIEW

($ in millions)

Asset Quality Continued to Improve in All Key Metrics

4Q 2010

3Q 2010

2Q 2010

4Q10 vs

3Q10

3Q10 vs

2Q10

Total Loans at End of Period

$115,975

$115,055

$112,925

$920

$2,130

2,974

3,086

3,156

(112)

(70)

Net Charge-offs

621

690

722

(69)

(32)

Provision Expense

512

615

662

(103)

(47)

NPAs

4,758

5,069

5,463

(311)

(394)

NPLs

to Total Loans

3.54%

3.80%

4.16%

(0.26)

(0.36)

NPAs

to Total Loans + OREO/OA

4.08%

4.38%

4.81%

(0.30)

(0.43)

ALLL to Loans

2.58%

2.69%

2.81%

(0.11)

(0.12)

NCOs (Annualized to Average Loans)

2.14%

2.42%

2.57%

(0.28)

(0.15)

30-89 Days Past Due

1.18%

1.24%

1.26%

(0.06)

(0.02)

30-89 Days Past Due

(excluding federally

guaranteed student loans and GNMA

repurchases)

0.90%

0.96%

0.98%

(0.06)

(0.02)

-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Allowance for Loans & Lease Losses

Loan Portfolio

IV. RISK REVIEW

Approximately

91%

the

student

loan

portfolio

was

government-guaranteed

December

31,

2010

and

September

30,

2010

($ in millions)

Total Loans $115,975

Asset Quality Issues Remain Concentrated in Real Estate Secured Portfolios

Balance

% of

Balance

C/O Ratio

30-89 DLQ%

4Q 2010

Portfolio

3Q 2010

4Q 2010

3Q 2010

4Q 2010

3Q 2010

Commercial

$34,064

29%

$32,847

1.11%

0.77%

0.18%

0.21%

Commercial Real Estate

14,542

13%

14,813

1.04%

1.09%

0.39%

0.62%

Consumer Direct -

Student Loans 1

4,673

4,437

0.49%

0.33%

8.32%

8.14%

Consumer Direct -

Other

1,965

2,055

0.98%

0.84%

0.66%

0.62%

Total Consumer -

Direct

6,638

6,492

0.60%

0.54%

6.05%

5.76%

Consumer -

Indirect

9,291

8,165

0.64%

0.56%

0.79%

0.80%

Credit Cards

980

1,003

5.65%

6.81%

2.35%

2.37%

Real Estate Home Equity Lines

15,040

13%

15,292

3.39%

3.24%

1.23%

1.36%

Real Estate 1-4 Family

31,572

27%

32,003

3.09%

3.89%

1.80%

1.74%

Real Estate Construction

3,848

4,440

7.40%

10.21%

0.68%

0.92%

Total SunTrust

$115,975

100%

$115,055

2.14%

2.42%

1.18%

1.24%

Total SunTrust -

excluding federally guaranteed

student loans and GNMA repurchases

$111,021

100%

$110,406

2.22%

2.48%

0.90%

0.96%

1. Excludes $1 million of mark-to-market loans held for sale in 4Q 2010 and $12 million for 3Q 2010

2. Does not include nonaccruals

3. GNMA repurchases are FHA/VA guaranteed loans that were repurchased from GNMA securities. 30-89 DLQ $ equaled $30 million at 4Q 2010 and $27 million at 3Q 2010

Residential Mortgages $31,572

Residential Mortgages

IV. RISK REVIEW

($ in millions)

Asset Quality Remained Stable; Balances in Higher Risk Segments Continued to Decline

Portfolio Profile

Credit Quality Metrics

Type

4Q 2010

Balance

% of

Total

3Q 2010

Balance

4Q 2010

NPL

3Q 2010

NPL

4Q 2010

30-89 DLQ

3Q 2010

30-89 DLQ

GNMA

Repurchases

$684

$609

Alt-A 2

152

<1%

164

$14

$19

6.09%

5.95%

Alt-A 1

527

552

131

143

4.97%

4.33%

Lot Loans

814

867

174

192

3.65%

2.58%

Home Equity

Loans

1,608

1,701

2.87%

2.64%

Prime 2

2,400

2,529

1.98%

2.31%

Core Portfolio

25,387

80%

25,582

1,418

1,438

1.49%

1.45%

Total

$31,572

100%

$32,003

$1,858

$1,916

1.80%

1.74%

Home Equity Lines $15,040

Portfolio Profile

Credit Quality Metrics

Type

4Q 2010

Balance

% of

Total

3Q 2010

Balance

4Q 2010

Charge-off

3Q 2010

Charge-off

4Q 2010

30-89 DLQ

3Q 2010

30-89 DLQ

Party

Origin

ated

$1,342

$1,394

9.44%

9.63%

2.68%

3.40%

CLTV

80%

(Florida)

1,602

11%

1,642

6.98%

7.02%

1.93%

2.26%

CLTV

90%

1,394

1,439

4.02%

3.79%

1.53%

1.58%

Core

Portfolio

10,702

71%

10,817

1.98%

1.66%

0.93%

0.94%

Total

$15,040

100%

$15,292

3.39%

3.24%

1.23%

1.36%

Home Equity Lines

IV. RISK REVIEW

($ in millions)

Asset Quality Stable; Higher Risk Balances Declined

1. Excludes 3 party originated

2. Excludes 3rd party originated and Florida CLTV > 80%

3. Excludes 3rd party originated, Florida CLTV>80% and CLTV 90+%

4. Annualized quarterly rate

($ in millions)

Construction $3,848

IV. RISK REVIEW

Construction

Risk Continues to Be Managed Down, with Balances and NPLs Declining

Portfolio Profile

Credit Quality Metrics

Type

4Q 2010

Balance

% of

Total

3Q 2010

Balance

4Q 2010

NPL

3Q 2010

NPL

4Q 2010

30-89 DLQ

3Q 2010

30-89 DLQ

Construction

Perm

$461

12%

$546

$112

$133

2.73%

2.65%

Residential

Construction

559

15%

712

227

308

0.32%

0.77%

Residential A&D

684

18%

818

365

413

0.73%

1.05%

Residential Land

335

377

199

192

0.57%

Commercial

Construction

1,089

28%

1,220

107

131

0.12%

0.64%

Commercial A&D

262

308

0.02%

0.06%

Commercial Land

457

12%

459

1.32%

0.46%

Total

$3,848

100%

$4,440

$1,128

$1,297

0.68%

0.92%

IV. RISK REVIEW

TDR Composition

($ in millions)

Troubled Debt Restructures $3,618

Mortgage and Consumer Loans are 97% of Accruing TDRs; 86% are Current on Principal and

Interest Payments

Accruing TDRs

Non-Accruing TDRs

Total TDRs

Payment Status

4Q 2010

Balance

% of

Total

4Q 2010

Balance

% of

Total

4Q 2010

Balance

% of

Total

Current

$2,245

86%

$293

29%

$2,538

70%

30 DPD

176

209

60 DPD

108

151

90 DPD

114

120+ DPD

<1%

595

59%

605

17%

Total

$2,613

100%

$1,005

100%

$3,618

100%

•

Provision expense, net charge-offs, nonperforming loans, and early-stage delinquencies all

declined. Further declines in early stage delinquencies are contingent upon improvement in

general economic conditions

•

Individual portfolios showed generally stable to improving trends; as in prior periods, losses

were centered in consumer real estate related and construction portfolios

•

Mortgage and home equity portfolio credit quality remained stable overall, with a continued

reduction in higher risk portfolio balances

•

Construction risk continued to be aggressively managed down

•

Accruing restructured loans (TDRs) continued to perform reasonably well, while balances

increased by a modest 4% to $2.6 billion

•

For the first quarter of 2011, a modest decline in net charge-offs and nonperforming loans

from fourth quarter levels is expected

Credit Summary

IV. RISK REVIEW

Improvement in Asset Quality Continued

Appendix

$742

(5)

(38)

(8)

(3)

$712

($ in millions)

Total Noninterest Income

Securities Gains/(Losses)

Stable

River

Gain

–

Other

Income

Fair

Market

Adjustments

–

Trading

STI Debt Valuation-Trading

Fair

Value

Adjustments

–

Mortgage

Production

Auction

Rate

Securities

–

Trading

LOCOM

MSR

Recovery

–

Mortgage

Servicing

Net Adjustments

Adjusted Noninterest Income

Noninterest Income Reconciliation

V. APPENDIX

% %

Change Change

4Q 2010 3Q 2010 4Q 2009 3Q 2010 4Q 2009

(1)%

(6)%

39%

30%

$1,047

(22)

(6)

$988

$1,032

(9)

(11)

103

$929

$(68)

(8)

$(60)

$133

(6)

$139

$41

(9)

$50

($ in millions)

Mortgage Production Income

Fair

Value

Adjustments

–

Mortgage

Production

Adjusted Mortgage Production Income

Mortgage Production and Trading Income Reconciliation

V. APPENDIX

% %

Change Change

4Q 2010 3Q 2010 4Q 2009 3Q 2010 4Q 2009

(69)%

(64)%

$(31)

(5)

(38)

(3)

$15

$(22)

(22)

$(18)

$93

(11)

$58

Trading Income

Fair Market Value Adjustments

STI Debt Valuation

Auction Rate Securities

Adjusted Trading Income

Total Noninterest Expense

Net Loss/(Gain) on Debt Extinguishment

AHG Write-down (Other Exp)

Net Adjustments

Adjusted Noninterest Expense

Change

4Q 2010 3Q 2010 4Q 2009

3Q 2010

4Q 2009

($ in millions)

Noninterest Expense Reconciliation

V. APPENDIX

$1,453

$1,415

$1,499

$1,487

$1,548

$1,533

Credit

Expense

Mortgage Reinsurance

Operating Losses

Credit & Collections (Other Exp)

Other Real Estate (Other Exp)

Total Credit Related

Additional Noninterest Expense Disclosures

V. APPENDIX

Change

4Q 2010 3Q 2010 4Q 2009 3Q 2010

4Q 2009

($ in millions)

Totals may not foot due to rounding

$180

$189

$10

$174

$(5)

(1)

$(8)

(5)

$15

(As of 12/31/10, $ in millions)

Nonaccruals that have been through the

specific write-down process

Loan Type

Balance

before

write-

down

Amount

of write-

down

Non-

accruals

with

write-down

Non-

accruals not

requiring

write-down

Non-

accruals

without

specific

write-down

Total

non-

accruals

% Loss

severity

Alt-A

$89

$(81)

$14

90.9%

Alt-A

147

(58)

131

37.5%

Lot Loans

292

(178)

114

174

54.8%

Prime

437

(437)

100.0%

Core

Portfolio

1,367

(548)

818

176

349

1,343

35.5%

Total

$2,332

$(1,303)

$1,029

$217

$475

$1,721

Residential Mortgage

V. APPENDIX

1. Reserves have been established for residential mortgage loans that have not had specific write-downs as well as for incremental losses on loans carried at expected recoverable values

2. Nonaccruals not requiring write-downs are loans that are well-secured

3. Excludes Home Equity nonaccruals of $62 million, $1 million of mark-to-market loans held for sale and $74 million of residential real estate loans managed on commercial system

Nonaccrual Balances Decreased; 67% of Nonaccruals Have Been Through the Write-Down Process

Reconciliation of Non GAAP Measures

V. APPENDIX

($ in millions, except per share data)

December 31

September 30

June 30

March 31

December 31

2010

2009

Total shareholders' equity

$23,130

$23,438

$23,024

$22,620

$22,531

Goodwill, net of deferred taxes

(6,189)

(6,192)

(6,197)

(6,202)

(6,204)

Other intangible assets including MSRs, net of deferred taxes

(1,545)

(1,174)

(1,409)

(1,761)

(1,671)

MSRs

1,439

1,072

1,298

1,641

1,540

Tangible equity

16,835

17,144

16,716

16,298

16,196

Preferred stock

(4,942)

(4,936)

(4,929)

(4,923)

(4,917)

Tangible common equity

$11,893

$12,208

$11,787

$11,375

$11,279

Total assets

$172,874

$174,703

$170,668

$171,796

$174,165

Goodwill

(6,323)

(6,319)

Other intangible assets including MSRs

(1,571)

(1,204)

(1,443)

(1,800)

(1,711)

MSRs

1,439

1,072

1,298

1,641

1,540

Tangible assets

$166,419

$168,248

$164,200

$165,314

$167,675

Tangible equity to tangible assets

10.12

10.19

10.18

9.86

9.66

Tangible common equity to tangible assets

7.15

7.26

7.18

6.88

6.73

Tangible book value per common share

$23.76

$24.42

$23.58

$22.76

$22.59

Three Months Ended