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)     July 22, 2011

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 2.02 Results of Operations and Financial Condition.

Item 7.01 Regulation FD.

On July 22, 2011, SunTrust Banks, Inc. (the “Registrant”) announced financial results for the period ended June 30, 2011. A copy of the news release announcing such results is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The Registrant intends to hold an investor call and webcast to discuss these results on July 22, 2011, at 8:00 a.m. Eastern time. Additional presentation materials relating to such call are furnished hereto as Exhibit 99.2 and are incorporated herein by reference.

The foregoing information is furnished pursuant to Item 2.02, “Results of Operations and Financial Condition,” and Item 7.01, “Regulation FD.” Consequently, it is not deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 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 this Form 8-K. All information in the news release and 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 2.02 or Item 7.01 of this report on Form 8-K.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1	News release dated July 22, 2011 (furnished with the Commission as a part of this Form 8-K).
99.2	Presentation materials dated July 22, 2011 (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: July 22, 2011.	By:	/s/ Thomas E. Panther
		Thomas E. Panther,
		Senior Vice President and Controller

EX-99.1

Exhibit 99.1

News Release

Contact:
Investors	Media
Kris Dickson	Mike McCoy
(404) 827-6714	(404) 588-7230

For Immediate Release

July 22, 2011

SunTrust Reports Second Quarter 2011 Results

Earnings Per Share Increased to $0.33; Asset Quality Meaningfully Improved

ATLANTA — SunTrust Banks, Inc. (NYSE: STI) today reported net income available to common shareholders of $174 million, or $0.33 per average common share, for the second quarter of 2011. These results compare favorably to the prior quarter’s earnings of $0.08 per average common share, or $0.22 per share excluding the non-cash charge related to the redemption of the TARP preferred shares. Second quarter results improved significantly from a loss of $0.11 per share reported in the second quarter of 2010.

“Our earnings per share improvement continued this quarter,” said William H. Rogers, Jr., SunTrust’s president and chief executive officer. “While the economic recovery remains uneven, we continued to demonstrate meaningful improvements in asset quality. Additionally, our client-centric approach is driving even higher levels of loyalty and is increasingly evidencing itself in the form of enhanced performance by many of our businesses.” Mr. Rogers also noted that the company is committed to even stronger performance in the future, including an increased focus on expense management.

Second Quarter 2011 Financial Highlights

Income Statement

• Net income available to common shareholders was $0.33 per average common share, compared to earnings of $0.08 per average common share, or $0.22 per share excluding the impact related to the redemption of TARP preferred shares, during the prior quarter.

• Net interest income was up 1% from the prior quarter and 6% from the prior year. The growth from the prior quarter was mainly related to an additional business day in the current quarter. The change over the same quarter last year was primarily due to lower funding costs resulting from lower rates paid on deposits and a continued shift toward lower-cost deposits.

• Net interest margin was stable compared to the prior quarter at 3.53% and increased 20 basis points over the second quarter of 2010.

• Noninterest income increased 3% over the prior quarter due to widespread growth in consumer and commercial categories, led by strong investment banking income. Compared to the prior year, noninterest income was down 4%, primarily due to lower net gains on the sale of investment securities, lower service charges on deposit accounts, and lower valuation gains on the Company’s index-linked CDs and public debt carried at fair value.

• Noninterest expense increased 5% compared to the prior quarter driven primarily by higher environmental factors, including credit-related expenses and an increase in FDIC insurance assessments. Noninterest expense increased 3% over the prior year, primarily due to compensation expenses associated with improved business performance and an increase in full-time equivalent employees.

Credit Quality

• Credit quality continued to improve with net charge-offs, nonperforming loans, nonperforming assets, and early stage delinquencies all declining.

• Nonperforming loans declined for the eighth consecutive quarter, decreasing 9% from the prior quarter and 23% from the prior year. Net charge-offs declined 12% and 30%, respectively.

• Provision for credit losses declined due to the lower net charge-offs and the impact of improved credit quality on the allowance for loan losses. The allowance for loan losses was $2.7 billion, or 2.40% of total loans, down 9 basis points from the prior quarter.

Balance Sheet

• Average loans were stable compared to the prior quarter; within the context of overall portfolio de-risking, commercial & industrial loans grew while higher-risk segments of the portfolio continued to decline.

• Average client deposits grew to a record level, and the favorable trend in the deposit mix toward lower-cost accounts continued.

• Estimated capital ratios are well above current regulatory requirements, as well as the Basel III proposed guidance. The Tier 1 capital and Tier 1 common ratios were estimated to be 11.10% and 9.20%, respectively.

	2Q 2010			1Q 2011			2Q 2011
Income Statement
(Presented on a fully taxable equivalent basis)
(Dollars in millions, except per share data)
Net income	$	12		$	180		$	178
Net (loss)/income available to common shareholders		(56	)		38			174
Earnings/(loss) per average common diluted share		(0.11	)		0.08			0.33
Earnings/(loss) per average common diluted share, excluding impact of TARP redemption		(0.11	)		0.22			0.33
Total revenue		2,160			2,160			2,198
Total revenue, excluding net securities gains/losses		2,103			2,096			2,166
Net interest income		1,208			1,277			1,286
Provision for credit losses		662			447			392
Noninterest income		952			883			912
Noninterest expense		1,503			1,465			1,542
Net interest margin		3.33	%		3.53	%		3.53	%
Balance Sheet
(Dollars in billions)
Average loans	$	113.0		$	115.2		$	114.9
Average consumer and commercial deposits		116.5			120.7			121.9
Capital
Tier 1 capital ratio (1)		13.51	%		11.00	%		11.10	%
Tier 1 common equity ratio (1)		7.92	%		9.05	%		9.20	%
Total average shareholders’ equity to total average assets		13.03	%		13.35	%		11.44	%
Asset Quality
Net charge-offs to average loans (annualized)		2.57	%		2.01	%		1.76	%
Allowance for loan losses to period end loans		2.81	%		2.49	%		2.40	%
Nonperforming loans to total loans		4.16	%		3.46	%		3.14	%

⁽¹⁾  Current period Tier 1 capital and Tier 1 common equity ratios are estimated as of the earnings release date.

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Consolidated Financial Performance

(Presented on a fully taxable-equivalent basis unless otherwise noted)

Revenue

Total revenue was $2,198 million for the second quarter of 2011 compared to $2,160 million in both the first quarter of 2011 and the second quarter of 2010. Net gains from the sales of securities were $32 million in the current quarter compared to $64 million in the first quarter of 2011 and $57 million in the second quarter of 2010. Excluding these gains, revenue increased 3% on both a sequential quarter and a prior year basis. The growth from the first quarter of 2011 was due to higher fee income, most notably investment banking income. The increase compared to the prior year quarter was due to higher net interest income, partially offset by lower deposit service charges.

For the six months ended June 30^th, total revenue was $4,358 million in 2011 compared to $4,060 million for the prior year. The 7% increase was due to higher net interest income, growth in most consumer and commercial fee categories, and higher net gains from the sales of securities, partially offset by lower service charges due to the implementation of new regulatory requirements in the third quarter of 2010.

Net Interest Income

For the second quarter of 2011, net interest income was $1,286 million compared with $1,277 million in the prior quarter and $1,208 million in the prior year quarter. The 1% increase on a sequential quarter basis was mainly related to one more day in the current quarter. The 6% increase over the second quarter of 2010 was primarily attributable to lower rates paid on deposits, a continued shift in deposit mix toward lower-cost deposits, and a reduction in higher-cost funding.

Net interest margin for the second quarter of 2011 was 3.53%, consistent with the prior quarter and up 20 basis points over the prior year quarter. On a sequential quarter basis, yields on earning assets declined five basis points, driven by lower loan yields, while rates paid on interest-bearing liabilities declined seven basis points, as rates paid on deposits and long-term debt costs declined. Compared to the prior year quarter, the favorable shift in the deposit mix, lower rates paid, and reduced long-term debt contributed to a decline in interest-bearing liabilities of 34 basis points, more than offsetting the nine basis point decline in earning asset yields, which were primarily loan-related.

For the six months ended June 30^th, net interest income was $2,563 million in 2011 compared to $2,410 million in 2010, an increase of 6%. Net interest margin was 3.53% in 2011, up 21 basis points. The primary drivers of the increases to net interest income and net interest margin were consistent with those described in the quarterly comparisons.

Noninterest Income

Total noninterest income was $912 million in the second quarter of 2011 compared with $883 million in the prior quarter and $952 million in the prior year quarter. The $29 million increase on a sequential quarter basis was due to broad-based growth in consumer and commercial fee categories, led by strong investment banking income, and partially offset by a $32 million decline in net gains on the sale of investment securities. Compared with the second quarter of 2010, noninterest income declined $40 million, or 4%, due to lower net gains on the sale of investment securities, lower service charges on deposit accounts, and lower valuation gains on the Company’s index-linked CDs and public debt carried at fair value. The year-over-year decline was partially offset by growth in certain consumer and commercial fee categories, including investment banking, retail investment services, and card fees.

Investment banking income was $95 million in the current quarter compared with $67 million in the prior quarter and $58 million in the prior year quarter. The increases of $28 million and $37 million

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compared to the prior quarter and prior year, respectively, were attributable to strong syndicated finance fees, which resulted from continued market penetration.

Trading account profits and commissions were $53 million in the current quarter compared with $52 million in the first quarter and $109 million in the second quarter of 2010. Compared to the prior quarter, the essentially flat results were driven by more favorable mark-to-market impacts on the Company’s fair value debt and index-linked CDs, which offset a decline in core trading income. Compared to the prior year, the $56 million decline in trading account profits and commissions was mainly attributable to a $60 million reduction in valuation gains on the Company’s fair value debt and index-linked CDs, as the Company’s credit spreads tightened.

Mortgage production and servicing income was a combined $76 million in the second quarter of 2011, compared with $71 million in the prior quarter and $72 million in the prior year quarter. During the current quarter, mortgage repurchase costs were $90 million, an increase of $10 million over the prior quarter due to higher agency-related repurchase requests. As of June 30, 2011, reserves for mortgage repurchases totaled $299 million, an increase of $29 million over March 31, 2011, reflective of higher unresolved repurchase requests. The mortgage servicing portfolio was $162.9 billion at the end of the second quarter.

All other noninterest income categories increased on a sequential quarter basis, including service charges on deposit accounts, which reversed a declining trend from the past three quarters. Compared to the second quarter of 2010, trust income, retail investment income, and card fees all increased, while service charges on deposits declined 18% due to regulatory-induced product changes that became effective in the third quarter of 2010.

For the six months ended June 30^th, noninterest income was $1,795 million in 2011 and $1,650 million in 2010. The $145 million, or 9%, increase over the prior year was driven by growth across most consumer and commercial fee categories, including investment banking, card fees, retail investment services, and trust income. Higher gains on the sale of investment securities also contributed to the growth, which was partially offset by a decline in service charge income.

Noninterest Expense

Noninterest expense was $1,542 million in the current quarter compared with $1,465 million in the prior quarter and $1,503 million in the prior year quarter. The $77 million, or 5%, increase on a sequential quarter basis was largely driven by a $37 million increase in credit-related expenses, attributable to legal and compliance accruals. The FDIC insurance assessment increased $10 million due to a change in the assessment methodology. Personnel-related expenses declined 1% due to seasonal declines in employee benefits, partially offset by higher incentive compensation.

The $39 million, or 3%, increase in noninterest expenses over the second quarter of 2010 was largely driven by a $66 million increase in employee compensation. This was attributable to a 3% increase in personnel – primarily in client service and loss mitigation positions - and higher incentive compensation related to improved business performance. FDIC insurance premiums increased $16 million due to the change in the assessment methodology. Additionally, credit-related expenses increased $15 million as higher legal and compliance costs were partially offset by a decline in other real estate expenses. The second quarter of 2010 also included $63 million of losses related to the extinguishment of debt.

For the six months ended June 30^th, noninterest expense was $3,007 million in 2011 and $2,864 million in 2010. The 5% increase was attributable to higher personnel-related expenses, credit-related expenses, and FDIC insurance premiums, partially offset by lower losses on the extinguishment of debt.

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Income Taxes

In the second quarter of 2011, the Company recorded a provision for income taxes of $58 million compared with a provision of $33 million in the prior quarter and a $50 million benefit in the second quarter of 2010. The effective tax rate in the current quarter increased to 24.5% and was impacted by the recognition of specific discrete items.

U.S. Treasury Preferred Dividends

The Company formerly paid dividends to the U.S. Treasury on its $4.85 billion of TARP preferred securities. The Company redeemed these shares at the end of the first quarter of 2011, and, therefore, did not pay such dividends in the second quarter of 2011. The first quarter of 2011 included $66 million of preferred dividends paid to the U.S. Treasury, as well as a $74 million non-cash charge associated with the redemption of the TARP preferred shares. The second quarter of 2010 included $66 million of preferred dividends paid to the U.S. Treasury.

Balance Sheet

As of June 30, 2011, SunTrust had total assets of $172.3 billion and shareholders’ equity of $19.7 billion, representing 11.4% of total assets. Book and tangible book value per common share were $36.30 and $24.57, respectively, as of June 30, 2011, up 2% and 3%, respectively, from the prior quarter.

Loans

Average loans for the current quarter were $114.9 billion, compared with average balances of $115.2 billion and $113.0 billion during the first quarter of 2011 and the second quarter of 2010, respectively. While average balances were relatively flat on a sequential quarter basis, commercial & industrial loans increased $1.0 billion, or 2%, while higher-risk categories such as commercial construction and certain other residential real estate-related loans continued to decline. The $1.9 billion, or 2%, average balance increase over the second quarter of 2010 was driven by the acquisition of auto and student loans, as well as from organic growth in commercial & industrial loans and government-guaranteed residential mortgage loans. The risk profile of the loan portfolio continued to improve during the past year; in addition to higher-risk loan categories declining meaningfully, approximately 8% of the Company’s loan portfolio was comprised of government-guaranteed loans as of June 30, 2011, compared to approximately 6% as of June 30, 2010.

Deposits

Average consumer and commercial deposits in the second quarter of 2011 were $121.9 billion, compared to average balances of $120.7 billion and $116.5 billion in the prior quarter and prior year quarter, respectively. The favorable shift in the deposit mix continued during the current quarter, as the sequential increase of $1.2 billion, or 1%, was concentrated in demand deposits, while time deposits declined by $0.3 billion, or 1%.

Compared to the second quarter of 2010, average consumer and commercial deposits increased $5.4 billion, or 5%. Average lower-cost deposit products increased a combined $9.7 billion, or 11%, while time deposits declined $4.3 billion, or 18%. While changing client preferences and the economic environment have contributed to this favorable shift in deposit mix, SunTrust also attributes the lower-cost deposit growth to its investments in enhancing the client experience and its marketing initiatives.

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Capital and Liquidity

The Company’s estimated capital ratios are well above regulatory requirements, as well as the proposed guidelines recently published by the Basel Committee and endorsed by U.S. regulatory agencies. The Tier 1 capital and Tier 1 common ratios were estimated to have expanded to 11.10% and 9.20%, respectively, and the tangible equity to tangible assets ratio increased to 8.07% as of June 30, 2011. The Company also has substantial available liquidity, as client deposits have been retained in cash and high-quality government-backed securities.

Asset Quality

Asset quality improved during the quarter, with continued trends of declining net charge-offs, nonperforming loans, and other real estate that began in early 2010. Early stage delinquencies also continued to decline on a sequential quarter basis.

Net charge-offs were $505 million in the current quarter compared to $571 million in the prior quarter and $722 million in the prior year quarter. The $66 million sequential quarter decline was concentrated in residential mortgage loans and was partially offset by a slight increase in commercial & industrial loans. Compared to the second quarter of 2010, net charge-offs decreased $217 million, or 30%, with declines across all loan segments, particularly residential loans. The ratio of annualized net charge-offs to total average loans was 1.76% in the current quarter and declined 25 basis points and 81 basis points from the prior quarter and the prior year quarter, respectively. The provision for credit losses was $392 million in the second quarter of 2011, a decline of $55 million and $270 million compared to the prior quarter and the second quarter of 2010, respectively.

Nonperforming loans totaled $3.6 billion as of June 30, 2011, a decline of $361 million, or 9%, from the prior quarter. This marks the eighth consecutive quarter of declining nonperforming loans. The sequential quarter decline was primarily driven by reductions in commercial construction loans; however, declines were also prevalent in other loan categories. Compared to June 30, 2010, nonperforming loans were down $1.1 billion, or 23%. The decline was driven primarily by reductions in the commercial construction, residential mortgage, commercial & industrial, and residential construction loan categories. As of June 30, 2011, nonperforming loans represented 3.14% of total loans, down 32 basis points from the prior quarter and down 102 basis points from June 30, 2010. Other real estate owned totaled $483 million as of the end of the quarter, down $217 million, or 31%, since June 30, 2010.

Early stage delinquencies declined to 1.09%, an improvement of 6 basis points from the end of the prior quarter. Excluding government-guaranteed student loans and Ginnie Mae insured repurchased mortgage loans, early stage delinquencies were 0.73%, a decline of 7 basis points from March 31, 2011.

As of June 30, 2011, the allowance for loan losses was $2.7 billion representing 2.40% of total loans, down 9 basis points from March 31, 2011. The allowance for loan losses declined $110 million during the current quarter as a result of the improvement in asset quality.

Accruing restructured loans totaled $2.7 billion and nonaccruing restructured loans totaled $0.9 billion as of June 30, 2011. Both were relatively stable compared to the prior quarter end. $3.1 billion of restructured loans related to residential mortgages, while $0.5 billion were commercial loans.

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LINE OF BUSINESS FINANCIAL PERFORMANCE

Line of Business Results

The Company has included line of business financial tables as part of this release on its website at www.suntrust.com in the Investor Relations section located under “About SunTrust.” The Company’s business segments are: Retail Banking, Diversified Commercial Banking, Corporate and Investment Banking, Mortgage, Wealth and Investment Management, and Commercial Real Estate. All revenue in the line of business tables is reported on a fully taxable-equivalent basis. For the lines of business, results include net interest income, which is computed using matched-maturity funds transfer pricing. Further, provision for loan losses is represented by net charge-offs. SunTrust also reports results for Corporate Other and Treasury, which includes the Treasury department as well as the residual expense associated with operational and support expense allocations. The Corporate Other and Treasury segment also includes differences created between internal management accounting practices and generally accepted accounting principles, certain matched-maturity funds transfer pricing credits and charges, differences in provision for loan losses compared to net charge-offs, as well as equity and its related impact. A detailed discussion of the line of business results will be included in the Company’s forthcoming quarterly report on Form 10-Q.

Corresponding Financial Tables and Information

Investors are encouraged to review the foregoing summary and discussion of SunTrust’s earnings and financial condition in conjunction with the detailed financial tables and information which SunTrust has also published today and SunTrust’s forthcoming quarterly report on Form 10-Q. Detailed financial tables and other information are also available on the Company’s website at www.suntrust.com in the Investor Relations section located under “About SunTrust.” This information is also included in a current report on Form 8-K furnished with the Securities and Exchange Commission today.

Conference Call

SunTrust management will host a conference call on July 22, 2011, at 8:00 a.m. (Eastern Daylight Time) to discuss the earnings results and business trends. Individuals may call in beginning at 7:45 a.m. (Eastern Daylight Time) by dialing 1-888-972-7805 (Passcode: 2Q11). Individuals calling from outside the United States should dial 1-517-308-9091 (Passcode: 2Q11). A replay of the call will be available approximately one hour after the call ends on July 22, 2011, and will remain available until August 5, 2011, by dialing 1-866-352-7718 (domestic) or 1-203-369-0076 (international).

Alternatively, individuals may listen to the live webcast of the presentation by visiting the SunTrust investor relations website at www.suntrust.com/investorrelations. Beginning the afternoon of July 22, 2011, listeners may access an archived version of the webcast in the “Webcasts and Presentations” subsection found on the investor relations webpage. This webcast will be archived and available for one year. A link to the Investor Relations page is also found in the footer of the SunTrust home page.

SunTrust Banks, Inc., headquartered in Atlanta, is one of the nation’s largest banking organizations, serving a broad range of consumer, commercial, corporate and institutional clients. The Company operates an extensive branch and ATM network throughout the Southeast and Mid-Atlantic states and a full array of technology-based, 24-hour delivery channels. The Company also serves clients in selected markets nationally. Its primary businesses include deposit, credit, and trust and investment management services. Through various subsidiaries, the Company provides mortgage banking, insurance, brokerage, equipment leasing, and capital markets services. SunTrust’s Internet address is www.suntrust.com.

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Important Cautionary Statement About Forward-Looking Statements

This news release 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 to this news release. In this news release, 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 news release contains forward-looking statements. The statement regarding our expectations about expected earnings increases as a result of business initiatives is a 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,” “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 Part I, “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2010, and in Part II, “Item 1A. Risk Factors” in our Quarterly Report on Form 10-Q for the period ended March 31, 2011, and in other periodic reports that we file with the SEC. Those factors include: difficult market conditions have adversely affected our industry; concerns over market volatility continue; the Dodd-Frank Act makes fundamental changes in the regulation of the financial services industry, some of which may adversely affect our business; we are subject to capital adequacy and liquidity guidelines and, if we fail to meet these guidelines, our financial condition would be adversely affected; emergency measures designed to stabilize the U.S. banking system are beginning to wind down; we are subject to credit risk; our ALLL 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; 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; we are subject to certain risks related to originating and selling mortgages. 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 are subject to risks related to delays in the foreclosure process; we may continue to suffer increased losses in our loan portfolio despite enhancement of our underwriting policies; 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; 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 or man-made 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; the soundness of other financial institutions could adversely affect

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us; 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 margin declines; 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; disruptions in our ability to access global capital markets may negatively affect our capital resources and liquidity; any reduction in our credit rating could increase the cost of our funding from the capital markets; 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 are subject to certain litigation, and our expenses related to this litigation may adversely affect our results; we depend on the expertise of key personnel. 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 strategies; our accounting policies and processes are critical to how we report our financial condition and results of operations. They 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.

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SunTrust Banks, Inc. and Subsidiaries

FINANCIAL HIGHLIGHTS

(Dollars in millions, except per share data) (Unaudited)

	Three Months Ended June 30						%			Six Months Ended June 30						%
	2011			2010			Change 5			2011			2010			Change 5
EARNINGS & DIVIDENDS
Net income/(loss)		$178			$12			NM	%		$358			($149)			NM	%
Net income/(loss) available to common shareholders		174			(56)			NM			212			(285)			NM
Total revenue - FTE 1, 2		2,198			2,160			2			4,358			4,060			7
Total revenue - FTE excluding securities gains, net 1, 2		2,166			2,103			3			4,262			4,002			6
Net income/(loss) per average common share
Diluted 4		0.33			(0.11)			NM			0.41			(0.58)			NM
Diluted excluding effect of accelerated accretion associated with repurchase of preferred stock issued to the U.S. Treasury 1, 4		0.33			(0.11)			NM			0.55			(0.58)			NM
Basic		0.33			(0.11)			NM			0.41			(0.58)			NM
Dividends paid per common share		0.01			0.01			-			0.02			0.02			-
CONDENSED BALANCE SHEETS
Selected Average Balances
Total assets		$170,527			$171,273			-	%		$171,789			$171,351			-	%
Earning assets		145,985			145,464			-			146,383			146,176			-
Loans		114,920			113,016			2			115,040			113,721			1
Consumer and commercial deposits		121,879			116,460			5			121,298			115,776			5
Brokered and foreign deposits		2,340			2,670			(12)			2,472			3,049			(19)
Total shareholders’ equity		19,509			22,313			(13)			21,298			22,326			(5)
As of
Total assets		172,173			170,668			1
Earning assets		146,367			145,601			1
Loans		114,913			112,925			2
Allowance for loan and lease losses		2,744			3,156			(13)
Consumer and commercial deposits		121,671			116,261			5
Brokered and foreign deposits		3,250			2,407			35
Total shareholders’ equity		19,660			23,024			(15)
FINANCIAL RATIOS & OTHER DATA
Return on average total assets		0.42	%		0.03	%		NM	%		0.42	%		(0.17)	%		NM	%
Return on average assets less net unrealized securities gains 1		0.35			(0.08)			NM			0.33			(0.25)			NM
Return on average common shareholders’ equity		3.61			(1.29)			NM			2.28			(3.31)			NM
Return on average realized common shareholders’ equity 1		3.21			(2.53)			NM			1.49			(4.23)			NM
Net interest margin 2		3.53			3.33			6			3.53			3.32			6
Efficiency ratio 2		70.17			69.57			1			69.01			70.52			(2)
Tangible efficiency ratio 1, 2		69.64			68.96			1			68.49			69.87			(2)
Effective tax rate/(benefit)		24.45			(133.13)			NM			20.21			(62.17)			NM
Tier 1 common equity		9.20	3		7.92			16
Tier 1 capital		11.10	3		13.51			(18)
Total capital		14.00	3		16.96			(17)
Tier 1 leverage		8.92	3		10.94			(18)
Total average shareholders’ equity to total average assets		11.44			13.03			(12)			12.40			13.03			(5)
Tangible equity to tangible assets 1		8.07			10.18			(21)
Book value per common share		$36.30			$36.19			-
Tangible book value per common share 1		24.57			23.58			4
Market price:
High		30.13			31.92			(6)			33.14			31.92			4
Low		24.63			23.12			7			24.63			20.16			22
Close		25.80			23.30			11			25.80			23.30			11
Market capitalization		13,852			11,648			19
Average common shares outstanding (000s)
Diluted		535,416			498,499			7			519,548			498,369			4
Basic		531,792			495,351			7			515,819			495,112			4
Full-time equivalent employees		29,235			28,250			3
Number of ATMs		2,919			2,902			1
Full service banking offices		1,661			1,675			(1)

¹  See Appendix A for reconcilements of non-GAAP performance measures.

²  Total revenue, net interest margin, and efficiency ratios are presented on a fully taxable-equivalent (“FTE”) basis. The FTE basis adjusts for the tax-favored status of net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources. Total revenue - FTE equals net interest income on a FTE basis plus noninterest income.

³  Current period tier 1 common equity, tier 1 capital, total capital and tier 1 leverage ratios are estimated as of the earnings release date.

⁴  For earnings per share calculation purposes, the impact of dilutive securities are excluded from the diluted share count during periods that the Company has recognized a net loss available to common shareholders because the impact would be antidilutive.

⁵  “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

Page 1

SunTrust Banks, Inc. and Subsidiaries FIVE QUARTER FINANCIAL HIGHLIGHTS (Dollars in millions, except per share data) (Unaudited)
	Three Months Ended
	June 30     2011			March 31     2011			December 31     2010			September 30     2010			June 30     2010
EARNINGS & DIVIDENDS
Net income		$178			$180			$185			$153			$12
Net income/(loss) available to common shareholders		174			38			114			84			(56)
Total revenue - FTE 1, 2		2,198			2,160			2,326			2,313			2,160
Total revenue - FTE excluding securities gains, net 1, 2		2,166			2,096			2,262			2,244			2,103
Net income/(loss) per average common share
Diluted 4		0.33			0.08			0.23			0.17			(0.11)
Diluted excluding effect of accelerated accretion associated with repurchase of preferred stock issued to the U.S. Treasury 1, 4		0.33			0.22			0.23			0.17			(0.11)
Basic		0.33			0.08			0.23			0.17			(0.11)
Dividends paid per common share		0.01			0.01			0.01			0.01			0.01
CONDENSED BALANCE SHEETS
Selected Average Balances
Total assets		$170,527			$173,066			$174,768			$171,999			$171,273
Earning assets		145,985			146,786			149,114			147,249			145,464
Loans		114,920			115,162			114,930			113,322			113,016
Consumer and commercial deposits		121,879			120,710			119,688			117,233			116,460
Brokered and foreign deposits		2,340			2,606			2,827			2,740			2,670
Total shareholders’ equity		19,509			23,107			23,576			23,091			22,313
As of
Total assets		172,173			170,794			172,874			174,703			170,668
Earning assets		146,367			145,895			148,473			149,994			145,601
Loans		114,913			114,932			115,975			115,055			112,925
Allowance for loan and lease losses		2,744			2,854			2,974			3,086			3,156
Consumer and commercial deposits		121,671			121,559			120,025			117,494			116,261
Brokered and foreign deposits		3,250			2,426			3,019			2,850			2,407
Total shareholders’ equity		19,660			19,223			23,130			23,438			23,024
FINANCIAL RATIOS & OTHER DATA
Return on average total assets		0.42	%		0.42	%		0.42	%		0.35	%		0.03	%
Return on average assets less net unrealized securities gains 1		0.35			0.30			0.31			0.23			(0.08)
Return on average common shareholders’ equity		3.61			0.84			2.44			1.83			(1.29)
Return on average realized common shareholders’ equity 1		3.21			(0.35)			1.53			0.70			(2.53)
Net interest margin 2		3.53			3.53			3.44			3.41			3.33
Efficiency ratio 2		70.17			67.83			66.57			64.80			69.57
Tangible efficiency ratio 1, 2		69.64			67.32			66.07			64.24			68.96
Effective tax rate/(benefit)		24.45			15.54			19.66			8.25			(133.13)
Tier 1 common equity		9.20	3		9.05			8.08			8.02			7.92
Tier 1 capital		11.10	3		11.00			13.67			13.58			13.51
Total capital		14.00	3		13.92			16.54			16.42			16.96
Tier 1 leverage		8.92	3		8.72			10.94			11.03			10.94
Total average shareholders’ equity to total average assets		11.44			13.35			13.49			13.42			13.03
Tangible equity to tangible assets 1		8.07			7.87			10.12			10.19			10.18
Book value per common share		$36.30			$35.49			$36.34			$37.01			$36.19
Tangible book value per common share 1		24.57			23.79			23.76			24.42			23.58
Market price:
High		30.13			33.14			29.82			27.05			31.92
Low		24.63			27.38			23.25			21.79			23.12
Close		25.80			28.84			29.51			25.83			23.30
Market capitalization		13,852			15,482			14,768			12,914			11,648
Average common shares outstanding (000s)
Diluted		535,416			503,503			499,423			498,802			498,499
Basic		531,792			499,669			495,710			495,501			495,351
Full-time equivalent employees		29,235			29,052			29,056			28,599			28,250
Number of ATMs		2,919			2,924			2,918			2,928			2,902
Full service banking offices		1,661			1,665			1,668			1,670			1,675

¹See Appendix A for reconcilements of non-GAAP performance measures.

²Total revenue, net interest margin, and efficiency ratios are presented on a fully taxable-equivalent (“FTE”) basis. The FTE basis adjusts for the tax-favored status of net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources. Total revenue - FTE equals net interest income on a FTE basis plus noninterest income.

³Current period tier 1 common equity, tier 1 capital, total capital and tier 1 leverage ratios are estimated as of the earnings release date.

⁴For earnings per share calculation purposes, the impact of dilutive securities are excluded from the diluted share count during periods that the Company has recognized a net loss available to common shareholders because the impact would be antidilutive.

Page 2

SunTrust Banks, Inc. and Subsidiaries

CONSOLIDATED STATEMENTS OF INCOME/(LOSS)

(Dollars in millions, except per share data) (Unaudited)

	Three Months Ended				Increase/(Decrease) 3					Six Months Ended				Increase/(Decrease) 3
	June 30									June 30
	2011		2010		Amount		%			2011		2010		Amount		%
Interest income		$1,546		$1,570		($24)		(2)	%		$3,100		$3,144		($44)		(1)	%
Interest expense		287		392		(105)		(27)			592		794		(202)		(25)
NET INTEREST INCOME		1,259		1,178		81		7			2,508		2,350		158		7
Provision for credit losses		392		662		(270)		(41)			839		1,524		(685)		(45)
NET INTEREST INCOME AFTER  PROVISION FOR CREDIT LOSSES		867		516		351		68			1,669		826		843		NM
NONINTEREST INCOME
Service charges on deposit accounts		170		208		(38)		(18)			333		404		(71)		(18)
Trust and investment management income		135		127		8		6			270		249		21		8
Retail investment services		59		48		11		23			117		95		22		23
Other charges and fees		130		133		(3)		(2)			256		262		(6)		(2)
Investment banking income		95		58		37		64			162		114		48		42
Trading account profits and commissions		53		109		(56)		(51)			105		102		3		3
Card fees		105		94		11		12			205		181		24		13
Mortgage production related income/(loss)		4		(16)		20		NM			3		(47)		50		NM
Mortgage servicing related income		72		88		(16)		(18)			144		158		(14)		(9)
Other noninterest income		57		46		11		24			104		74		30		41
Securities gains, net		32		57		(25)		(44)			96		58		38		66
Total noninterest income		912		952		(40)		(4)			1,795		1,650		145		9
NONINTEREST EXPENSE
Employee compensation and benefits		748		682		66		10			1,502		1,374		128		9
Net occupancy expense		89		90		(1)		(1)			178		181		(3)		(2)
Outside processing and software		162		158		4		3			320		307		13		4
Equipment expense		44		42		2		5			88		83		5		6
Marketing and customer development		46		44		2		5			84		78		6		8
Amortization of intangible assets		12		13		(1)		(8)			23		26		(3)		(12)
Net loss/(gain) on extinguishment of debt		(1)		63		(64)		NM			(2)		54		(56)		NM
Operating losses		62		16		46		NM			89		30		59		NM
FDIC premium/regulatory exams		81		65		16		25			152		129		23		18
Other noninterest expense		299		330		(31)		(9)			573		602		(29)		(5)
Total noninterest expense		1,542		1,503		39		3			3,007		2,864		143		5
INCOME/(LOSS) BEFORE PROVISION/(BENEFIT) FOR INCOME TAXES		237		(35)		272		NM			457		(388)		845		NM
Provision/(benefit) for income taxes		58		(50)		108		NM			91		(244)		335		NM
INCOME/(LOSS) INCLUDING INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST		179		15		164		NM			366		(144)		510		NM
Net income attributable to noncontrolling interest		1		3		(2)		(67)			8		5		3		60
NET INCOME/(LOSS)		$178		$12		$166		NM	%		$358		($149)		$507		NM	%
NET INCOME/(LOSS) AVAILABLE TO COMMON SHAREHOLDERS		$174		($56)		$230		NM	%		$212		($285)		$497		NM	%
Net interest income - FTE 1		1,286		1,208		78		6			2,563		2,410		153		6
Net income/(loss) per average common share
Diluted 2		0.33		(0.11)		0.44		NM			0.41		(0.58)		0.99		NM
Basic		0.33		(0.11)		0.44		NM			0.41		(0.58)		0.99		NM
Cash dividends paid per common share		0.01		0.01		-		-			0.02		0.02		-		-
Average common shares outstanding (000s)
Diluted		535,416		498,499		36,917		7			519,548		498,369		21,179		4
Basic		531,792		495,351		36,441		7			515,819		495,112		20,707		4

¹Net interest income includes the effects of FTE adjustments using a federal tax rate of 35% and state income taxes where applicable to increase tax-exempt interest income to a taxable-equivalent basis. See Appendix A for a reconcilement of this non-GAAP measure to the related GAAP measure.

²For earnings per share calculation purposes, the impact of dilutive securities are excluded from the diluted share count during periods that the Company has recognized a net loss available to common shareholders because the impact would be antidilutive.

³“NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

Page 3

SunTrust Banks, Inc. and Subsidiaries

FIVE QUARTER CONSOLIDATED STATEMENTS OF INCOME/(LOSS)

(Dollars in millions, except per share data) (Unaudited)

	Three Months Ended									Three Months Ended
	June 30		March 31		Increase/(Decrease)3					December 31		September 30		June 30
	2011		2011		Amount		%			2010		2010		2010
Interest income		$1,546		$1,554		($8)		(1)	%		$1,595		$1,604		$1,570
Interest expense		287		305		(18)		(6)			329		366		392
NET INTEREST INCOME		1,259		1,249		10		1			1,266		1,238		1,178
Provision for credit losses		392		447		(55)		(12)			512		615		662
NET INTEREST INCOME AFTER   PROVISION FOR CREDIT LOSSES		867		802		65		8			754		623		516
NONINTEREST INCOME
Service charges on deposit accounts		170		163		7		4			172		184		208
Trust and investment management income		135		135		-		-			130		124		127
Retail investment services		59		58		1		2			57		52		48
Other charges and fees		130		126		4		3			135		137		133
Investment banking income		95		67		28		42			103		96		58
Trading account profits/(losses) and commissions		53		52		1		2			93		(22)		109
Card fees		105		100		5		5			99		96		94
Mortgage production related income/(loss)		4		(1)		5		NM			41		133		(16)
Mortgage servicing related income		72		72		-		-			68		132		88
Other noninterest income		57		47		10		21			70		46		46
Securities gains, net		32		64		(32)		(50)			64		69		57
Total noninterest income		912		883		29		3			1,032		1,047		952
NONINTEREST EXPENSE
Employee compensation and benefits		748		754		(6)		(1)			738		709		682
Net occupancy expense		89		89		-		-			88		92		90
Outside processing and software		162		158		4		3			174		157		158
Equipment expense		44		44		-		-			46		45		42
Marketing and customer development		46		38		8		21			56		43		44
Amortization of intangible assets		12		11		1		9			12		13		13
Net loss/(gain) on extinguishment of debt		(1)		(1)		-		-			4		12		63
Operating losses		62		27		35		NM			26		27		16
FDIC premium/regulatory exams		81		71		10		14			69		67		65
Other noninterest expense		299		274		25		9			335		334		330
Total noninterest expense		1,542		1,465		77		5			1,548		1,499		1,503
INCOME/(LOSS) BEFORE PROVISION/(BENEFIT) FOR INCOME TAXES		237		220		17		8			238		171		(35)
Provision/(benefit) for income taxes		58		33		25		76			45		14		(50)
INCOME INCLUDING INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST		179		187		(8)		(4)			193		157		15
Net income attributable to noncontrolling interest		1		7		(6)		(86)			8		4		3
NET INCOME		$178		$180		($2)		(1)	%		$185		$153		$12
NET INCOME/(LOSS) AVAILABLE TO COMMON SHAREHOLDERS		$174		$38		$136		NM	%		$114		$84		($56)
Net interest income - FTE1		1,286		1,277		9		1			1,294		1,266		1,208
Net income/(loss) per average common share
Diluted2		0.33		0.08		0.25		NM			0.23		0.17		(0.11)
Basic		0.33		0.08		0.25		NM			0.23		0.17		(0.11)
Cash dividends paid per common share		0.01		0.01		-		-			0.01		0.01		0.01
Average common shares outstanding (000s)
Diluted		535,416		503,503		31,913		6			499,423		498,802		498,499
Basic		531,792		499,669		32,123		6			495,710		495,501		495,351

¹ Net interest income includes the effects of FTE adjustments using a federal tax rate of 35% and state income taxes where applicable to increase tax-exempt interest income to a taxable-equivalent basis. See Appendix A for a reconcilement of this non-GAAP measure to the related GAAP measure.

² For earnings per share calculation purposes, the impact of dilutive securities are excluded from the diluted share count during periods that the Company has recognized a net loss available to common shareholders because the impact would be antidilutive.

³“NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

Page 4

SunTrust Banks, Inc. and Subsidiaries

CONSOLIDATED BALANCE SHEETS

(Dollars in millions and shares in thousands) (Unaudited)

		$172,173		$172,173		$172,173		$172,173
	As of June 30				Increase/(Decrease)
	2011		2010		Amount		%2
ASSETS
Cash and due from banks		$5,633		$3,836		$1,797		47   %
Interest-bearing deposits in other banks		20		24		(4)		(17)
Funds sold and securities purchased under agreements to resell		1,134		933		201		22
Trading assets		6,586		6,166		420		7
Securities available for sale		27,216		27,598		(382)		(1)
Loans held for sale		2,052		3,185		(1,133)		(36)
Loans held for investment:
Commercial & industrial		45,922		43,982		1,940		4
Commercial real estate		5,707		6,814		(1,107)		(16)
Commercial construction		1,740		3,653		(1,913)		(52)
Residential mortgages - guaranteed		4,513		2,894		1,619		56
Residential mortgages - nonguaranteed		23,224		24,457		(1,233)		(5)
Residential home equity products		16,169		17,144		(975)		(6)
Residential construction		1,118		1,526		(408)		(27)
Consumer student loans - guaranteed		4,620		3,305		1,315		40
Consumer other direct		1,863		1,555		308		20
Consumer indirect		9,630		7,100		2,530		36
Consumer credit cards		407		495		(88)		(18)
Total loans held for investment		114,913		112,925		1,988		2
Allowance for loan and lease losses		(2,744)		(3,156)		(412)		(13)
Net loans held for investment		112,169		109,769		2,400		2
Goodwill		6,343		6,323		20		-
Other intangible assets		1,539		1,443		96		7
Other real estate owned		483		700		(217)		(31)
Other assets		8,998		10,691		(1,693)		(16)
Total assets 1		$172,173		$170,668		$1,505		1   %
LIABILITIES
Deposits:
Noninterest-bearing consumer and commercial deposits		$30,591		$25,382		$5,209		21   %
Interest-bearing consumer and commercial deposits:
NOW accounts		24,330		24,487		(157)		(1)
Money market accounts		42,427		38,444		3,983		10
Savings		4,600		4,107		493		12
Consumer time		12,598		14,665		(2,067)		(14)
Other time		7,125		9,176		(2,051)		(22)
Total consumer and commercial deposits		121,671		116,261		5,410		5
Brokered deposits		2,345		2,343		2		-
Foreign deposits		905		64		841		NM
Total deposits		124,921		118,668		6,253		5
Funds purchased		939		1,260		(321)		(25)
Securities sold under agreements to repurchase		2,253		2,477		(224)		(9)
Other short-term borrowings		2,791		2,517		274		11
Long-term debt		13,693		15,659		(1,966)		(13)
Trading liabilities		3,026		2,655		371		14
Other liabilities		4,890		4,408		482		11
Total liabilities		152,513		147,644		4,869		3
SHAREHOLDERS’ EQUITY
Preferred stock, no par value		172		4,929		(4,757)		(97)
Common stock, $1.00 par value		550		515		35		7
Additional paid in capital		9,330		8,445		885		10
Retained earnings		8,745		8,358		387		5
Treasury stock, at cost, and other		(805)		(968)		(163)		(17)
Accumulated other comprehensive income		1,668		1,745		(77)		(4)
Total shareholders’ equity		19,660		23,024		(3,364)		(15)
Total liabilities and shareholders’ equity		$172,173		$170,668		$1,505		1   %
Common shares outstanding		536,907		499,929		36,978		7   %
Common shares authorized		750,000		750,000		-		-
Preferred shares outstanding		2		50		(48)		(96)
Preferred shares authorized		50,000		50,000		-		-
Treasury shares of common stock		13,014		14,738		(1,724)		(12)
1 Includes earning assets of		$146,367		$145,601		$766		1   %

²“NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

Page 5

SunTrust Banks, Inc. and Subsidiaries FIVE QUARTER CONSOLIDATED BALANCE SHEETS (Dollars in millions and shares in thousands) (Unaudited)
	As of									As of
	June 30		March 31		Increase/(Decrease)					December 31		September 30		June 30
	2011		2011		Amount		%2			2010		2010		2010
ASSETS
Cash and due from banks		$5,633		$5,216		$417		8	%		$4,296		$3,169		$3,836
Interest-bearing deposits in other banks		20		20		-		-			24		25		24
Funds sold and securities purchased under agreements to resell		1,134		981		153		16			1,058		962		933
Trading assets		6,586		6,289		297		5			6,175		6,650		6,166
Securities available for sale		27,216		26,569		647		2			26,895		30,310		27,598
Loans held for sale		2,052		2,165		(113)		(5)			3,501		3,114		3,185
Loans held for investment:
Commercial & industrial		45,922		45,080		842		2			44,753		44,374		43,982
Commercial real estate		5,707		6,043		(336)		(6)			6,167		6,616		6,814
Commercial construction		1,740		2,109		(369)		(17)			2,568		3,052		3,653
Residential mortgages - guaranteed		4,513		4,516		(3)		-			4,520		4,090		2,894
Residential mortgages - nonguaranteed		23,224		23,443		(219)		(1)			23,959		24,124		24,457
Residential home equity products		16,169		16,382		(213)		(1)			16,751		16,913		17,144
Residential construction		1,118		1,208		(90)		(7)			1,291		1,413		1,526
Consumer student loans - guaranteed		4,620		4,477		143		3			4,260		4,044		3,305
Consumer other direct		1,863		1,786		77		4			1,722		1,636		1,555
Consumer indirect		9,630		9,469		161		2			9,499		8,310		7,100
Consumer credit cards		407		419		(12)		(3)			485		483		495
Total loans held for investment		114,913		114,932		(19)		-			115,975		115,055		112,925
Allowance for loan and lease losses		(2,744)		(2,854)		(110)		(4)			(2,974)		(3,086)		(3,156)
Net loans held for investment		112,169		112,078		91		-			113,001		111,969		109,769
Goodwill		6,343		6,324		19		-			6,323		6,323		6,323
Other intangible assets		1,539		1,659		(120)		(7)			1,571		1,204		1,443
Other real estate owned		483		534		(51)		(10)			596		645		700
Other assets		8,998		8,959		39		-			9,434		10,332		10,691
Total assets 1		$172,173		$170,794		$1,379		1	%		$172,874		$174,703		$170,668
LIABILITIES
Deposits:
Noninterest-bearing consumer and commercial deposits		$30,591		$28,521		$2,070		7	%		$27,290		$26,707		$25,382
Interest-bearing consumer and commercial deposits:
NOW accounts		24,330		25,462		(1,132)		(4)			26,115		23,444		24,487
Money market accounts		42,427		43,055		(628)		(1)			42,005		40,798		38,444
Savings		4,600		4,518		82		2			4,094		4,051		4,107
Consumer time		12,598		12,747		(149)		(1)			12,879		13,966		14,665
Other time		7,125		7,256		(131)		(2)			7,642		8,528		9,176
Total consumer and commercial deposits		121,671		121,559		112		-			120,025		117,494		116,261
Brokered deposits		2,345		2,369		(24)		(1)			2,365		2,409		2,343
Foreign deposits		905		57		848		NM			654		441		64
Total deposits		124,921		123,985		936		1			123,044		120,344		118,668
Funds purchased		939		1,150		(211)		(18)			951		1,076		1,260
Securities sold under agreements to repurchase		2,253		2,113		140		7			2,180		2,429		2,477
Other short-term borrowings		2,791		2,858		(67)		(2)			2,690		4,894		2,517
Long-term debt		13,693		14,663		(970)		(7)			13,648		15,208		15,659
Trading liabilities		3,026		2,731		295		11			2,678		2,702		2,655
Other liabilities		4,890		4,071		819		20			4,553		4,612		4,408
Total liabilities		152,513		151,571		942		1			149,744		151,265		147,644
SHAREHOLDERS’ EQUITY
Preferred stock, no par value		172		172		-		-			4,942		4,936		4,929
Common stock, $1.00 par value		550		550		-		-			515		515		515
Additional paid in capital		9,330		9,324		6		-			8,403		8,443		8,445
Retained earnings		8,745		8,575		170		2			8,542		8,431		8,358
Treasury stock, at cost, and other		(805)		(823)		(18)		(2)			(888)		(952)		(968)
Accumulated other comprehensive income		1,668		1,425		243		17			1,616		2,065		1,745
Total shareholders’ equity		19,660		19,223		437		2			23,130		23,438		23,024
Total liabilities and shareholders’ equity		$172,173		$170,794		$1,379		1	%		$172,874		$174,703		$170,668
Common shares outstanding		536,907		536,817		90		-	%		500,436		499,955		499,929
Common shares authorized		750,000		750,000		-		-			750,000		750,000		750,000
Preferred shares outstanding		2		2		-		-			50		50		50
Preferred shares authorized		50,000		50,000		-		-			50,000		50,000		50,000
Treasury shares of common stock		13,014		13,104		(90)		(1)			14,231		14,712		14,738
1Includes earning assets of		$146,367		$145,895		$472		-	%		$148,473		$149,994		$145,601

² “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

Page 6

SunTrust Banks, Inc. and Subsidiaries CONSOLIDATED DAILY AVERAGE BALANCES, AVERAGE YIELDS EARNED AND RATES PAID (Dollars in millions; yields on taxable-equivalent basis) (Unaudited)
	Three Months Ended														Increase/(Decrease) From
	June 30, 2011							March 31, 2011							Sequential Quarter
	Average   Balances		Interest Income/   Expense		Yields/   Rates			Average   Balances		Interest Income/   Expense		Yields/   Rates			Average   Balances		Yields/   Rates
ASSETS
Loans (Post-Adoption):3
Commercial and industrial - FTE 1		$45,158		$583		5.17	%		$44,181		$583		5.35	%		$977		(0.18)	%
Commercial real estate		5,479		50		3.66			5,720		53		3.76			(241)		(0.10)
Commercial construction		1,204		11		3.83			1,466		14		3.80			(262)		0.03
Residential mortgages - guaranteed		4,387		39		3.57			4,305		35		3.26			82		0.31
Residential mortgages -non guaranteed		21,794		273		5.01			22,173		287		5.18			(379)		(0.17)
Home equity products		15,924		150		3.77			16,214		151		3.78			(290)		(0.01)
Residential construction		885		12		5.24			962		12		5.20			(77)		0.04
Guaranteed student loans		4,552		49		4.37			4,376		46		4.30			176		0.07
Other direct		1,823		22		4.79			1,741		22		5.01			82		(0.22)
Indirect		9,459		111		4.70			9,473		114		4.89			(14)		(0.19)
Credit cards		457		15		12.98			522		15		11.54			(65)		1.44
Nonaccrual		3,798		10		1.08			4,029		8		0.77			(231)		0.31
Total loans		114,920		1,325		4.62			115,162		1,340		4.72			(242)		(0.10)
Securities available for sale:
Taxable		23,711		199		3.35			23,705		185		3.12			6		0.23
Tax-exempt - FTE 1		517		7		5.47			549		7		5.54			(32)		(0.07)
Total securities available for sale - FTE 1		24,228		206		3.40			24,254		192		3.17			(26)		0.23
Funds sold and securities purchased under agreements to resell		1,079		-		-			1,064		-		0.01			15		(0.01)
Loans held for sale		2,104		22		4.17			2,726		28		4.13			(622)		0.04
Interest-bearing deposits		23		-		0.16			22		-		0.13			1		0.03
Interest earning trading assets		3,631		20		2.30			3,558		22		2.49			73		(0.19)
Total earning assets		145,985		1,573		4.32			146,786		1,582		4.37			(801)		(0.05)
Allowance for loan and lease losses		(2,740)							(2,852)							112
Cash and due from banks		4,452							6,485							(2,033)
Other assets		17,348							17,699							(351)
Noninterest earning trading assets		2,999							2,654							345
Unrealized gains on securities available for sale, net		2,483							2,294							189
Total assets		$170,527							$173,066							($2,539)
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing deposits:
NOW accounts		$24,672		$10		0.16	%		$25,370		$11		0.17	%		($698)		(0.01)	%
Money market accounts		42,865		43		0.40			42,603		48		0.46			262		(0.06)
Savings		4,587		2		0.18			4,266		1		0.13			321		0.05
Consumer time		12,712		51		1.60			12,774		51		1.61			(62)		(0.01)
Other time		7,203		31		1.74			7,417		33		1.78			(214)		(0.04)
Total interest-bearing consumer and commercial deposits		92,039		137		0.60			92,430		144		0.63			(391)		(0.03)
Brokered deposits		2,317		25		4.38			2,347		25		4.36			(30)		0.02
Foreign deposits		23		-		0.05			259		-		0.15			(236)		(0.10)
Total interest-bearing deposits		94,379		162		0.69			95,036		169		0.72			(657)		(0.03)
Funds purchased		1,001		-		0.12			1,114		-		0.18			(113)		(0.06)
Securities sold under agreements to repurchase		2,264		1		0.14			2,302		1		0.16			(38)		(0.02)
Interest-bearing trading liabilities		922		8		3.39			930		8		3.34			(8)		0.05
Other short-term borrowings		2,934		3		0.38			2,760		3		0.41			174		(0.03)
Long-term debt		13,765		113		3.30			13,806		124		3.64			(41)		(0.34)
Total interest-bearing liabilities		115,265		287		1.00			115,948		305		1.07			(683)		(0.07)
Noninterest-bearing deposits		29,840							28,280							1,560
Other liabilities		3,823							3,955							(132)
Noninterest-bearing trading liabilities		2,090							1,776							314
Shareholders’ equity		19,509							23,107							(3,598)
Total liabilities and shareholders’ equity		$170,527							$173,066							($2,539)
Interest Rate Spread						3.32	%						3.30	%				0.02	%
Net Interest Income - FTE 1				$1,286							$1,277
Net Interest Margin 2						3.53	%						3.53	%				-	%

¹ The fully taxable-equivalent(“FTE”) basis adjusts for the tax-favored status of net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources.

² The net interest margin is calculated by dividing annualized net interest income - FTE by average total earning assets.

³ Average balances, interest income, and yields are presented using the new loan classifications as initially adopted in the Company’s 2010 Annual Report on Form 10-K. Due to the inability of the Company to present 2010 periods using the new classifications, the 2011 amounts have also been presented using prior loan classifications on the next page.

Page 7

SunTrust Banks, Inc. and Subsidiaries CONSOLIDATED DAILY AVERAGE BALANCES, AVERAGE YIELDS EARNED AND RATES PAID, continued (Dollars in millions; yields on taxable-equivalent basis) (Unaudited)
	Three Months Ended														Increase/(Decrease) From
	June 30, 2011							March 31, 2011							Sequential Quarter					Prior Year Quarter
	Average   Balances		Interest     Income/     Expense		Yields/  Rates			Average      Balances		Interest     Income/     Expense		Yields/  Rates			Average      Balances		Yields/  Rates			Average   Balances		Yields/  Rates
ASSETS
Loans (Pre-Adoption): 3
Real estate residential mortgage 1-4 family		$28,971		$357		4.93	%		$29,427		$369		5.01	%		($456)		(0.08)	%		$333		(0.56)	%
Real estate construction		2,167		21		3.90			2,487		24		3.95			(320)		(0.05)			(1,107)		0.23
Real estate home equity lines		14,347		121		3.37			14,571		121		3.37			(224)		-			(626)		-
Real estate commercial		13,156		132		4.02			13,514		137		4.10			(358)		(0.08)			(1,935)		(0.07)
Commercial - FTE 1		35,211		476		5.42			33,925		472		5.64			1,286		(0.22)			2,708		(0.10)
Credit card		967		20		8.33			1,013		21		8.13			(46)		0.20			(97)		(0.12)
Consumer - direct		6,844		77		4.52			6,723		74		4.49			121		0.03			1,300		0.20
Consumer - indirect		9,459		111		4.70			9,473		114		4.89			(14)		(0.19)			2,513		(1.16)
Nonaccrual		3,798		10		1.08			4,029		8		0.77			(231)		0.31			(1,185)		0.22
Total loans		114,920		1,325		4.62			115,162		1,340		4.72			(242)		(0.10)			1,904		(0.15)
Securities available for sale:
Taxable		23,711		199		3.35			23,705		185		3.12			6		0.23			(266)		0.24
Tax-exempt - FTE 1		517		7		5.47			549		7		5.54			(32)		(0.07)			(349)		0.08
Total securities available for sale - FTE 1		24,228		206		3.40			24,254		192		3.17			(26)		0.23			(615)		0.21
Funds sold and securities purchased under agreements to resell		1,079		-		-			1,064		-		0.01			15		(0.01)			70		(0.11)
Loans held for sale		2,104		22		4.17			2,726		28		4.13			(622)		0.04			(1,238)		0.20
Interest-bearing deposits		23		-		0.16			22		-		0.13			1		0.03			(4)		(0.01)
Interest earning trading assets		3,631		20		2.30			3,558		22		2.49			73		(0.19)			404		(0.73)
Total earning assets		145,985		1,573		4.32			146,786		1,582		4.37			(801)		(0.05)			521		(0.09)
Allowance for loan and lease losses		(2,740)							(2,852)							112					367
Cash and due from banks		4,452							6,485							(2,033)					(1,336)
Other assets		17,348							17,699							(351)					(1,102)
Noninterest earning trading assets		2,999							2,654							345					290
Unrealized gains on securities available for sale, net		2,483							2,294							189					514
Total assets		$170,527							$173,066							($2,539)					($746)
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing deposits:
NOW accounts		$24,672		$10		0.16	%		$25,370		$11		0.17	%		($698)		(0.01)	%		($277)		(0.09)	%
Money market accounts		42,865		43		0.40			42,603		48		0.46			262		(0.06)			5,162		(0.21)
Savings		4,587		2		0.18			4,266		1		0.13			321		0.05			494		(0.04)
Consumer time		12,712		51		1.60			12,774		51		1.61			(62)		(0.01)			(2,067)		(0.36)
Other time		7,203		31		1.74			7,417		33		1.78			(214)		(0.04)			(2,242)		(0.37)
Total interest-bearing consumer and commercial deposits		92,039		137		0.60			92,430		144		0.63			(391)		(0.03)			1,070		(0.27)
Brokered deposits		2,317		25		4.38			2,347		25		4.36			(30)		0.02			(99)		(0.19)
Foreign deposits		23		-		0.05			259		-		0.15			(236)		(0.10)			(231)		(0.06)
Total interest-bearing deposits		94,379		162		0.69			95,036		169		0.72			(657)		(0.03)			740		(0.27)
Funds purchased		1,001		-		0.12			1,114		-		0.18			(113)		(0.06)			(223)		(0.06)
Securities sold under agreements to repurchase		2,264		1		0.14			2,302		1		0.16			(38)		(0.02)			(368)		-
Interest-bearing trading liabilities		922		8		3.39			930		8		3.34			(8)		0.05			54		(0.37)
Other short-term borrowings		2,934		3		0.38			2,760		3		0.41			174		(0.03)			397		(0.10)
Long-term debt		13,765		113		3.30			13,806		124		3.64			(41)		(0.34)			(2,764)		(0.45)
Total interest-bearing liabilities		115,265		287		1.00			115,948		305		1.07			(683)		(0.07)			(2,164)		(0.34)
Noninterest-bearing deposits		29,840							28,280							1,560					4,349
Other liabilities		3,823							3,955							(132)					(417)
Noninterest-bearing trading liabilities		2,090							1,776							314					290
Shareholders’ equity		19,509							23,107							(3,598)					(2,804)
Total liabilities and shareholders’ equity		$170,527							$173,066							($2,539)					($746)
Interest Rate Spread						3.32	%						3.30	%				0.02	%				0.25	%
Net Interest Income - FTE 1				$1,286							$1,277
Net Interest Margin 2						3.53	%						3.53	%				-	%				0.20	%

¹The fully taxable-equivalent (“FTE”) basis adjusts for the tax-favored status of net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources.

²The net interest margin is calculated by dividing annualized net interest income - FTE by average total earning assets.

³For comparability to prior periods, the Company has presented loans in this table using the prior period loan classifications. The previous page presents average balances, interest income, and yields for loans under the new classification that aligns with the new loan class presentation in the Company’s 2010 Annual Report on Form 10-K.

Page 8

SunTrust Banks, Inc. and Subsidiaries CONSOLIDATED DAILY AVERAGE BALANCES, AVERAGE YIELDS EARNED AND RATES PAID, continued (Dollars in millions; yields on taxable-equivalent basis) (Unaudited)
	Three Months Ended
	December 31, 2010							September 30, 2010							June 30, 2010
	Average     Balances		Interest     Income/     Expense		Yields/     Rates			Average     Balances		Interest     Income/   Expense		Yields/      Rates			Average     Balances		Interest     Income/     Expense		Yields/     Rates
ASSETS
Loans:
Real estate residential mortgage 1-4 family		$29,789		$378		5.07	%		$29,252		$386		5.27	%		$28,638		$393		5.49	%
Real estate construction		2,839		28		3.98			3,431		33		3.78			3,274		30		3.67
Real estate home equity lines		14,738		126		3.38			14,785		127		3.40			14,973		126		3.37
Real estate commercial		13,967		143		4.07			14,166		146		4.08			15,091		154		4.09
Commercial - FTE 1		33,067		472		5.67			32,491		459		5.60			32,503		447		5.52
Credit card		1,054		21		8.04			1,049		22		8.37			1,064		23		8.45
Consumer - direct		6,565		73		4.38			5,872		66		4.45			5,544		60		4.32
Consumer - indirect		8,683		114		5.19			7,770		108		5.50			6,946		101		5.86
Nonaccrual 3		4,228		7		0.67			4,506		8		0.88			4,983		11		0.86
Total loans		114,930		1,362		4.70			113,322		1,355		4.74			113,016		1,345		4.77
Securities available for sale:
Taxable		25,702		196		3.05			25,502		208		3.26			23,977		186		3.11
Tax-exempt - FTE 1		627		8		5.27			732		10		5.26			866		12		5.39
Total securities available for sale - FTE 1		26,329		204		3.11			26,234		218		3.32			24,843		198		3.19
Funds sold and securities purchased under agreements to resell		964		-		0.02			1,021		-		0.08			1,009		-		0.11
Loans held for sale		3,312		35		4.17			3,276		35		4.33			3,342		33		3.97
Interest-bearing deposits		25		-		0.14			25		-		0.10			27		-		0.17
Interest earning trading assets		3,554		22		2.43			3,371		24		2.75			3,227		24		3.03
Total earning assets		149,114		1,623		4.32			147,249		1,632		4.40			145,464		1,600		4.41
Allowance for loan and lease losses		(2,958)							(3,035)							(3,107)
Cash and due from banks		4,889							4,200							5,788
Other assets		17,929							18,019							18,450
Noninterest earning trading assets		3,130							3,171							2,709
Unrealized gains on securities available for sale, net		2,664							2,395							1,969
Total assets		$174,768							$171,999							$171,273
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing deposits:
NOW accounts		$24,637		$12		0.20	%		$23,514		$13		0.23	%		$24,949		$16		0.25	%
Money market accounts		41,711		53		0.50			39,839		57		0.57			37,703		57		0.61
Savings		4,087		2		0.19			4,074		3		0.22			4,093		2		0.22
Consumer time		13,360		57		1.68			14,381		68		1.87			14,779		72		1.96
Other time		8,045		37		1.85			8,914		45		2.02			9,445		50		2.11
Total interest-bearing consumer and commercial deposits		91,840		161		0.70			90,722		186		0.81			90,969		197		0.87
Brokered deposits		2,411		27		4.36			2,418		28		4.53			2,416		28		4.57
Foreign deposits		416		-		0.15			322		-		0.15			254		-		0.11
Total interest-bearing deposits		94,667		188		0.79			93,462		214		0.91			93,639		225		0.96
Funds purchased		1,092		1		0.19			1,176		1		0.20			1,224		1		0.18
Securities sold under agreements to repurchase		2,541		1		0.17			2,505		1		0.16			2,632		1		0.14
Interest-bearing trading liabilities		812		7		3.55			917		9		3.61			868		8		3.76
Other short-term borrowings		3,464		4		0.40			3,192		3		0.40			2,537		3		0.48
Long-term debt		14,914		128		3.41			15,396		138		3.56			16,529		154		3.75
Total interest-bearing liabilities		117,490		329		1.11			116,648		366		1.24			117,429		392		1.34
Noninterest-bearing deposits		27,848							26,511							25,491
Other liabilities		4,045							3,891							4,240
Noninterest-bearing trading liabilities		1,809							1,858							1,800
Shareholders’ equity		23,576							23,091							22,313
Total liabilities and shareholders’ equity		$174,768							$171,999							$171,273
Interest Rate Spread						3.21	%						3.16	%						3.07	%
Net Interest Income - FTE 1				$1,294							$1,266							$1,208
Net Interest Margin 2						3.44	%						3.41	%						3.33	%

¹The fully taxable-equivalent (“FTE”) basis adjusts for the tax-favored status of net interest income from certain loans and investments. The Company believes this measure to   be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources.

²The net interest margin is calculated by dividing annualized net interest income - FTE by average total earning assets.

³Accruing TDRs were classified in Nonaccrual during prior periods. Due to sustained performance, accruing TDRs have been reclassified to the applicable loan category where   the related interest income is being classified in all periods presented.

Page 9

SunTrust Banks, Inc. and Subsidiaries CONSOLIDATED DAILY AVERAGE BALANCES, AVERAGE YIELDS EARNED AND RATES PAID, continued (Dollars in millions; yields on taxable-equivalent basis) (Unaudited)
	Six Months Ended
	June 30, 2011
	Average    Balances			Interest Income/   Expense		Yields/   Rates
ASSETS
Loans (Post-Adoption): 3
Commercial and industrial - FTE 1		$44,673			$1,165		5.26	%
Commercial real estate		5,599			103		3.71
Commercial construction		1,334			25		3.81
Residential mortgages - guaranteed		4,346			74		3.42
Residential mortgages - nonguaranteed		21,982			560		5.10
Home equity products		16,068			301		3.77
Residential construction		924			24		5.22
Guaranteed student loans		4,464			96		4.34
Other direct		1,782			43		4.89
Indirect		9,466			225		4.79
Credit cards		489			30		12.21
Nonaccrual		3,913			18		0.92
Total loans		115,040			2,664		4.67
Securities available for sale:
Taxable		23,708			383		3.24
Tax-exempt - FTE 1		533			15		5.51
Total securities available for sale - FTE 1		24,241			398		3.29
Funds sold and securities purchased under agreements to resell		1,071			-		-
Loans held for sale		2,413			50		4.15
Interest-bearing deposits		23			-		0.14
Interest earning trading assets		3,595			43		2.39
Total earning assets		146,383			3,155		4.35
Allowance for loan and lease losses		(2,796	)
Cash and due from banks		5,463
Other assets		17,523
Noninterest earning trading assets		2,827
Unrealized gains on securities available for sale, net		2,389
Total assets		$171,789
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing deposits:
NOW accounts		$25,019			$21		0.17	%
Money market accounts		42,735			91		0.43
Savings		4,428			3		0.16
Consumer time		12,743			101		1.60
Other time		7,309			64		1.76
Total interest-bearing consumer and commercial deposits		92,234			280		0.61
Brokered deposits		2,332			51		4.37
Foreign deposits		140			1		0.14
Total interest-bearing deposits		94,706			332		0.71
Funds purchased		1,057			-		0.15
Securities sold under agreements to repurchase		2,283			2		0.15
Interest-bearing trading liabilities		926			15		3.37
Other short-term borrowings		2,847			6		0.40
Long-term debt		13,785			237		3.47
Total interest-bearing liabilities		115,604			592		1.03
Noninterest-bearing deposits		29,064
Other liabilities		3,889
Noninterest-bearing trading liabilities		1,934
Shareholders’ equity		21,298
Total liabilities and shareholders’ equity		$171,789
Interest Rate Spread							3.32	%
Net Interest Income - FTE 1					$2,563
Net Interest Margin 2							3.53	%
1The fully taxable-equivalent (“FTE”) basis adjusts for the tax-favored status of net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources. 2The net interest margin is calculated by dividing net interest income - FTE by average total earning assets. 3Average balances, interest income, and yields are presented using the new loan classifications as initially adopted in the Company’s 2010 Annual Report on Form 10-K.

Page 10

SunTrust Banks, Inc. and Subsidiaries OTHER FINANCIAL DATA (Dollars in millions) (Unaudited)
	Three Months Ended June 30												Six Months Ended June 30
							Increase/(Decrease)												Increase/(Decrease)
	2011			2010			Amount			%			2011			2010			Amount			%
CREDIT DATA
Allowance for credit losses - beginning		$2,908			$3,276			($368)			(11)	%		$3,032			$3,235			($203)			(6)	%
Provision/(benefit) for unfunded commitments		(3)			(40)			(37)			(93)			(7)			(55)			(48)			(87)
Provision for loan losses
Commercial		124			270			(146)			(54)			232			485			(253)			(52)
Residential		252			413			(161)			(39)			574			1,014			(440)			(43)
Consumer		19			19			-			-			40			80			(40)			(50)
Total provision for loan losses		395			702			(307)			(44)			846			1,579			(733)			(46)
Charge-offs
Commercial		(220)			(251)			(31)			(12)			(405)			(443)			(38)			(9)
Residential		(303)			(470)			(167)			(36)			(688)			(1,078)			(390)			(36)
Consumer		(40)			(47)			(7)			(15)			(85)			(109)			(24)			(22)
Total charge-offs		(563)			(768)			(205)			(27)			(1,178)			(1,630)			(452)			(28)
Recoveries
Commercial		41			29			12			41			70			52			18			35
Residential		6			5			1			20			11			10			1			10
Consumer		11			12			(1)			(8)			21			25			(4)			(16)
Total recoveries		58			46			12			26			102			87			15			17
Net charge-offs		(505)			(722)			(217)			(30)			(1,076)			(1,543)			(467)			(30)
Allowance for credit losses - ending		$2,795			$3,216			($421)			(13)	%		$2,795			$3,216			($421)			(13)	%
Components:
Allowance for loan and lease losses		$2,744			$3,156			($412)			(13)	%
Unfunded commitments reserve		51			60			(9)			(15)
Allowance for credit losses		$2,795			$3,216			($421)			(13)	%
Net charge-offs to average loans (annualized) 1
Commercial		1.34	%		1.61	%		(0.27)	%					1.26	%		1.42	%		(0.16)	%
Residential		2.65			4.06			(1.41)						3.01			4.66			(1.65)
Consumer		0.71			1.19			(0.48)						0.80			1.43			(0.63)
Total net charge-offs to total average loans		1.76	%		2.57	%		(0.81)	%					1.89	%		2.74	%		(0.85)	%
Period Ended
Nonaccrual/nonperforming loans
Commercial		$1,563			$2,191			($628)			(29)	%
Residential		2,013			2,473			(460)			(19)
Consumer		34			35			(1)			(3)
Total nonaccrual/nonperforming loans		3,610			4,699			(1,089)			(23)
Other real estate owned (“OREO”)		483			700			(217)			(31)
Other repossessed assets		11			64			(53)			(83)
Total nonperforming assets		$4,104			$5,463			($1,359)			(25)	%
Accruing restructured loans		$2,719			$2,269			$450			20	%
Nonaccruing restructured loans		923			986			(63)			(6)
Accruing loans past due > 90 days (guaranteed)		1,567			1,223			344			28
Accruing loans past due > 90 days (non-guaranteed)		69			153			(84)			(55)
Total nonperforming loans to total loans		3.14	%		4.16	%		(1.02)	%		(25)	%
Total nonperforming assets to total loans plus OREO, other repossessed assets, and nonperforming LHFS		3.56			4.81			(1.25)			(26)
Allowance to period-end loans 2,3		2.40			2.81			(0.41)			(15)
Allowance to nonperforming loans 2,3		76.57			67.64			8.93			13
Allowance to annualized net charge-offs 2		1.35	x		1.09	x		0.26	x		24
1 Average loans under the new loan classifications in periods prior to the first quarter of 2011 were computed using monthly averages due to an inability to calculate daily averages for prior periods. The Company believes that monthly averages are representative of its operations and materially approximates daily averages. 2 This ratio is computed using the allowance for loan and lease losses. 3 Loans carried at fair value were excluded from the calculation.

Page 11

SunTrust Banks, Inc. and Subsidiaries FIVE QUARTER OTHER FINANCIAL DATA (Dollars in millions) (Unaudited)
	Three Months Ended
	June 30,			March 31,			Increase/(Decrease)						December 31,			September 30,			June 30,
	2011			2011			Amount			%			2010			2010			2010
CREDIT DATA
Allowance for credit losses - beginning		$2,908			$3,032			($124)			(4)	%		$3,141			$3,216			$3,276
Provision/(benefit) for unfunded commitments		(3)			(4)			(1)			(25)			3			(5)			(40)
Provision for loan losses
Commercial		124			108			16			15			104			186			270
Residential		252			322			(70)			(22)			379			392			413
Consumer		19			21			(2)			(10)			26			42			19
Total provision for loan losses		395			451			(56)			(12)			509			620			702
Charge-offs
Commercial		(220)			(185)			35			19			(228)			(251)			(251)
Residential		(303)			(385)			(82)			(21)			(390)			(433)			(470)
Consumer		(40)			(45)			(5)			(11)			(45)			(41)			(47)
Total charge-offs		(563)			(615)			(52)			(8)			(663)			(725)			(768)
Recoveries
Commercial		41			29			12			41			25			20			29
Residential		6			5			1			20			7			5			5
Consumer		11			10			1			10			10			10			12
Total recoveries		58			44			14			32			42			35			46
Net charge-offs		(505)			(571)			(66)			(12)			(621)			(690)			(722)
Allowance for credit losses - ending		$2,795			$2,908			($113)			(4)	%		$3,032			$3,141			$3,216
Components:
Allowance for loan and lease losses		$2,744			$2,854			($110)			(4)	%		$2,974			$3,086			$3,156
Unfunded commitments reserve		51			54			(3)			(6)			58			55			60
Allowance for credit losses		$2,795			$2,908			($113)			(4)	%		$3,032			$3,141			$3,216
Net charge-offs to average loans (annualized)1
Commercial		1.34	%		1.19	%		0.15	%					1.50	%		1.70	%		1.61	%
Residential		2.65			3.37			(0.72)						3.28			3.68			4.06
Consumer		0.71			0.89			(0.18)						0.93			0.91			1.19
Total net charge-offs to total average loans		1.76	%		2.01	%		(0.25)	%					2.14	%		2.42	%		2.57	%
Period Ended
Nonaccrual/nonperforming loans
Commercial		$1,563			$1,863			($300)			(16)	%		$1,887			$2,058			$2,191
Residential		2,013			2,076			(63)			(3)			2,188			2,273			2,473
Consumer		34			32			2			6			35			42			35
Total nonaccrual/nonperforming loans		3,610			3,971			(361)			(9)			4,110			4,373			4,699
OREO		483			534			(51)			(10)			596			645			700
Other repossessed assets		11			16			(5)			(31)			52			51			64
Nonperforming LHFS		-			47			(47)			(100)			-			-			-
Total nonperforming assets		$4,104			$4,568			($464)			(10)	%		$4,758			$5,069			$5,463
Accruing restructured loans		$2,719			$2,643			$76			3	%		$2,613			$2,516			$2,269
Nonaccruing restructured loans		923			976			(53)			(5)			1,005			988			986
Accruing loans past due > 90 days (guaranteed)		1,567			1,570			(3)			-			1,481			1,425			1,223
Accruing loans past due > 90 days (non-guaranteed)		69			88			(19)			(22)			84			155			153
Total nonperforming loans to total loans		3.14	%		3.46	%		(0.32)	%		(9)	%		3.54	%		3.80	%		4.16	%
Total nonperforming assets to total loans plus OREO,     other repossessed assets, and nonperforming LHFS		3.56			3.95			(0.39)			(10)			4.08			4.38			4.81
Allowance to period-end loans2,3		2.40			2.49			(0.09)			(4)			2.58			2.69			2.81
Allowance to nonperforming loans2,3		76.57			72.29			4.28			6			72.86			71.07			67.64
Allowance to annualized net charge-offs2		1.35	x		1.23	x		0.12	x		10			1.21	x		1.13	x		1.09	x

¹ Average loans under the new loan classifications in periods prior to the first quarter of 2011 were computed using monthly averages due to an inability to calculate daily

averages for prior periods. The Company believes that monthly averages are representative of its operations and materially approximates daily averages.

² This ratio is computed using the allowance for loan and lease losses.

³ Loans carried at fair value were excluded from the calculation.

Page 12

		536,907		536,907		536,907		536,907	536,907		536,907		536,907		536,907		536,907		536,907
SunTrust Banks, Inc. and Subsidiaries OTHER FINANCIAL DATA, continued (Dollars in millions) (Unaudited)
	Three Months Ended June 30									Six Months Ended June 30
	Core Deposit   Intangibles		MSRs -   Fair Value		Other		Total			Core Deposit   Intangibles		MSRs -   Amortized Cost		MSRs -   Fair Value		Other		Total
OTHER INTANGIBLE ASSET ROLLFORWARD
Balance, beginning of period		$95		$1,641		$64		$1,800			$104		$604		$936		$67		$1,711
Designated at fair value (transfers from amortized cost)		-		-		-		-			-		(604)		604		-		-
Amortization		(10)		-		(4)		(14)			(19)		-		-		(7)		(26)
Mortgage Servicing Rights (“MSRs”) originated		-		68		-		68			-		-		134		-		134
Fair value change due to fair value election		-		-		-		-			-		-		145		-		145
Fair value changes due to inputs and assumptions		-		(357)		-		(357)			-		-		(402)		-		(402)
Other changes in fair value		-		(54)		-		(54)			-		-		(119)		-		(119)
Balance, June 30, 2010		$85		$1,298		$60		$1,443			$85		$-		$1,298		$60		$1,443
Balance, beginning of period		$59		$1,538		$62		$1,659			$67		$-		$1,439		$65		$1,571
Amortization		(8)		-		(4)		(12)			(16)		-		-		(7)		(23)
MSRs originated		-		47		-		47			-		-		136		-		136
Sale of MSRs		-		-		-		-			-		-		(7)		-		(7)
Fair value changes due to inputs and assumptions		-		(121)		-		(121)			-		-		(51)		-		(51)
Other changes in fair value		-		(41)		-		(41)			-		-		(94)		-		(94)
Other		-		-		7		7			-		-		-		7		7
Balance, June 30, 2011		$51		$1,423		$65		$1,539			$51		$-		$1,423		$65		$1,539

		536,907		536,907		536,907		536,907	536,907	536,907	536,907	536,907	536,907	536,907
	Three Months Ended
	June 30		March 31		December 31		September 30		June 30
	2011		2011		2010		2010		2010
COMMON SHARE ROLLFORWARD (000’s)
Balance, beginning of period		536,817		500,436		499,955		499,929	499,858
Common shares issued/exchanged for employee benefit plans, stock option, and restricted stock activity		90		1,127		481		26	71
Issuance of common stock - Capital Plan		-		35,254		-		-	-
Balance, end of period		536,907		536,817		500,436		499,955	499,929

Page 13

SunTrust Banks, Inc. and Subsidiaries RECONCILEMENT OF NON-GAAP MEASURES APPENDIX A TO THE EARNINGS RELEASE (Dollars in millions, except per share data) (Unaudited)
	Three Months Ended															Six Months Ended
	June 30     2011			March 31     2011			December 31     2010			September 30     2010			June 30     2010			June 30     2011			June 30     2010
NON-GAAP MEASURES PRESENTED IN THE EARNINGS RELEASE8
Total average assets		$170,527			$173,066			$174,768			$171,999			$171,273			$171,789			$171,351
Average net unrealized securities gains		(2,483)			(2,294)			(2,664)			(2,395)			(1,969)			(2,389)			(1,927)
Average assets less net unrealized securities gains		$168,044			$170,772			$172,104			$169,604			$169,304			$169,400			$169,424
Total average common shareholders’ equity		$19,336			$18,269			$18,638			$18,159			$17,387			$18,806			$17,403
Average accumulated other comprehensive income		(1,575)			(1,530)			(2,055)			(1,721)			(998)			(1,553)			(944)
Total average realized common shareholders’ equity		$17,761			$16,739			$16,583			$16,438			$16,389			$17,253			$16,459
Return on average total assets		0.42	%		0.42	%		0.42	%		0.35	%		0.03	%		0.42	%		(0.17)	%
Impact of excluding net realized and unrealized securities (gains)/losses and The Coca-Cola Company stock dividend		(0.07)			(0.12)			(0.11)			(0.12)			(0.11)			(0.09)			(0.08)
Return on average total assets less net unrealized securities gains1		0.35	%		0.30	%		0.31	%		0.23	%		(0.08)	%		0.33	%		(0.25)	%
Return on average common shareholders’ equity		3.61	%		0.84	%		2.44	%		1.83	%		(1.29)	%		2.28	%		(3.31)	%
Impact of excluding net realized and unrealized securities (gains)/losses and The Coca-Cola Company stock dividend		(0.40)			(1.19)			(0.91)			(1.13)			(1.24)			(0.79)			(0.92)
Return on average realized common shareholders’ equity2		3.21	%		(0.35)	%		1.53	%		0.70	%		(2.53)	%		1.49	%		(4.23)	%
Efficiency ratio3		70.17	%		67.83	%		66.57	%		64.80	%		69.57	%		69.01	%		70.52	%
Impact of excluding amortization of intangible assets		(0.53)			(0.51)			(0.50)			(0.56)			(0.61)			(0.52)			(0.65)
Tangible efficiency ratio4		69.64	%		67.32	%		66.07	%		64.24	%		68.96	%		68.49	%		69.87	%
Total shareholders’ equity		$19,660			$19,223			$23,130			$23,438			$23,024
Goodwill, net of deferred taxes		(6,199)			(6,185)			(6,189)			(6,192)			(6,197)
Other intangible assets including MSRs, net of deferred taxes		(1,518)			(1,635)			(1,545)			(1,174)			(1,409)
MSRs		1,423			1,538			1,439			1,072			1,298
Tangible equity		13,366			12,941			16,835			17,144			16,716
Preferred stock		(172)			(172)			(4,942)			(4,936)			(4,929)
Tangible common equity		$13,194			$12,769			$11,893			$12,208			$11,787
Total assets		$172,173			$170,794			$172,874			$174,703			$170,668
Goodwill		(6,343)			(6,324)			(6,323)			(6,323)			(6,323)
Other intangible assets including MSRs		(1,539)			(1,659)			(1,571)			(1,204)			(1,443)
MSRs		1,423			1,538			1,439			1,072			1,298
Tangible assets		$165,714			$164,349			$166,419			$168,248			$164,200
Tangible equity to tangible assets5		8.07	%		7.87	%		10.12	%		10.19	%		10.18	%
Tangible book value per common share6		$24.57			$23.79			$23.76			$24.42			$23.58
Net interest income		$1,259			$1,249			$1,266			$1,238			$1,178			$2,508			$2,350
Taxable-equivalent adjustment		27			28			28			28			30			55			60
Net interest income - FTE		1,286			1,277			1,294			1,266			1,208			2,563			2,410
Noninterest income		912			883			1,032			1,047			952			1,795			1,650
Total revenue - FTE		2,198			2,160			2,326			2,313			2,160			4,358			4,060
Securities gains, net		(32)			(64)			(64)			(69)			(57)			(96)			(58)
Total revenue - FTE excluding net securities gains7		$2,166			$2,096			$2,262			$2,244			$2,103			$4,262			$4,002

¹SunTrust presents a return on average assets less net unrealized gains on securities. The foregoing numbers primarily reflect adjustments to remove the effects of the securities portfolio which includes the ownership by the Company of common shares of The Coca-Cola Company. The Company uses this information internally to gauge its actual performance in the industry. The Company believes that the return on average assets less the net unrealized securities gains is more indicative of the Company’s return on assets because it more accurately reflects the return on the assets that are related to the Company’s core businesses which are primarily client relationship and client transaction driven. The return on average assets less net unrealized gains on securities is computed by dividing annualized net income/(loss), excluding securities (gains)/losses and The Coca-Cola Company stock dividend, net of tax, by average assets less net unrealized securities (gains)/losses.

²SunTrust believes that the return on average realized common shareholders’ equity is more indicative of the Company’s return on equity because the excluded equity relates primarily to the holding of a specific security. The return on average realized common shareholders’ equity is computed by dividing annualized net income/(loss) available to common shareholders, excluding securities (gains)/losses and The Coca-Cola Company stock dividend, net of tax, by average realized common shareholders’ equity.

³Computed by dividing noninterest expense by total revenue - FTE. The FTE basis adjusts for the tax-favored status of net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources.

⁴SunTrust presents a tangible efficiency ratio which excludes the amortization of intangible assets other than MSRs. The Company believes this measure is useful to investors because, by removing the effect of these intangible asset costs (the level of which may vary from company to company), it allows investors to more easily compare the Company’s efficiency to other companies in the industry. This measure is utilized by management to assess the efficiency of the Company and its lines of business.

⁵SunTrust 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.

⁶SunTrust 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.

⁷ SunTrust presents total revenue - FTE excluding net securities gains. The Company believes noninterest income without net securities gains is more indicative of the Company’s performance because it isolates income that is primarily client relationship and client transaction driven and is more indicative of normalized operations.

⁸ Certain amounts in this schedule are presented net of applicable income taxes, which are calculated based on each subsidiary’s federal and state tax rates and laws. In general, the federal marginal tax rate is 35%, but the state marginal tax rates range from 1% to 8% in accordance with the subsidiary’s income tax filing requirements with various tax authorities. In addition, the effective tax rate may differ from the federal and state marginal tax rates in certain cases where a permanent difference exists.

Page 14

SunTrust Banks, Inc. and Subsidiaries RECONCILEMENT OF NON-GAAP MEASURES APPENDIX A TO THE EARNINGS RELEASE, continued (Dollars in millions, except per share data) (Unaudited)
	Three Months Ended										Six Months Ended
	June 30     2011		March 31     2011		December 31  2010		September 30  2010		June 30     2010		June 30     2011		June 30     2010
NON-GAAP MEASURES PRESENTED IN THE EARNINGS RELEASE1
Net income/(loss)		$178		$180		$185		$153		$12		$358		($149)
Preferred dividends, Series A		(2)		(2)		(2)		(2)		(2)		(4)		(4)
U.S. Treasury preferred dividends and accretion of discount		-		(66)		(67)		(67)		(66)		(66)		(132)
Accelerated accretion associated with repurchase of preferred stock issued to the U.S. Treasury		-		(74)		-		-		-		(74)		-
Dividends and undistributed earnings allocated to unvested shares		(2)		-		(2)		-		-		(2)		-
Net income/(loss) available to common shareholders		174		38		114		84		(56)		212		(285)
Securities gains, net of tax		(20)		(40)		(39)		(43)		(35)		(60)		(36)
The Coca-Cola Company stock dividend, net of tax		(13)		(13)		(12)		(12)		(12)		(25)		(24)
Net income/(loss) available to common shareholders excluding securities gains and The Coca-Cola Company stock dividend, net of tax		$141		($15)		$63		$29		($103)		$127		($345)
Net income/(loss) excluding securities gains and The Coca-Cola Company stock dividend, net of tax		$145		$127		$134		$98		($35)		$273		($209)
Net income/(loss) available to common shareholders		$174		$38		$114		$84		($56)		$212		($285)
Accelerated accretion associated with repurchase of preferred stock issued to the U.S. Treasury		-		74		-		-		-		74		-
Net income/(loss) available to common shareholders excluding accelerated accretion associated with repurchase of preferred stock issued to the U.S. Treasury		$174		$112		$114		$84		($56)		$286		($285)
Net income/(loss) per average common share - diluted		$0.33		$0.08		$0.23		$0.17		($0.11)		$0.41		($0.58)
Effect of accelerated accretion associated with repurchase of preferred stock issued to the U.S. Treasury		-		0.14		-		-		-		0.14		-
Net income/(loss) per average common share - diluted, excluding effect of accelerated accretion associated with repurchase of preferred stock issued to the U.S. Treasury		$0.33		$0.22		$0.23		$0.17		($0.11)		$0.55		($0.58)

¹Certain amounts in this schedule are presented net of applicable income taxes, which are calculated based on each subsidiary’s federal and state tax rates and laws. In general, the federal marginal tax rate is 35%, but the state marginal tax rates range from 1% to 8% in accordance with the subsidiary’s income tax filing requirements with various tax authorities. In addition, the effective tax rate may differ from the federal and state marginal tax rates in certain cases where a permanent difference exists.

Page 15

SunTrust Banks, Inc. and Subsidiaries RETAIL BANKING LINE OF BUSINESS (Dollars in millions)    (Unaudited)
	Three Months Ended June 30									Six Months Ended June 30
	2011			2010			% Change			2011			2010			% Change3
Statements of Income
Net interest income 1		$632			$629			-	%		$1,258			$1,239			2	%
FTE adjustment		-			-			-			-			-			-
Net interest income - FTE		632			629			-			1,258			1,239			2
Provision for credit losses 2		197			251			(22)			413			535			(23)
Net interest income - FTE - after provision for credit losses		435			378			15			845			704			20
Noninterest income before securities gains/(losses)		280			302			(7)			544			578			(6)
Securities gains/(losses), net		-			-			-			-			-			-
Total noninterest income		280			302			(7)			544			578			(6)
Noninterest expense before amortization of intangible assets		645			610			6			1,266			1,206			5
Amortization of intangible assets		8			10			(20)			16			20			(20)
Total noninterest expense		653			620			5			1,282			1,226			5
Income before provision for income taxes		62			60			3			107			56			91
Provision for income taxes		23			21			10			39			19			NM
FTE adjustment		-			-			-			-			-			-
Net income including income attributable to noncontrolling interest		39			39			-			68			37			84
Less: net income attributable to noncontrolling interest		-			-			-			-			-			-
Net income		$39			$39			-			$68			$37			84
Total revenue - FTE		$912			$931			(2)			$1,802			$1,817			(1)
Selected Average Balances
Total loans		$35,021			$32,740			7	%		$35,176			$32,689			8	%
Goodwill		4,854			4,854			-			4,854			4,854			-
Other intangible assets excluding MSRs		61			98			(38)			65			103			(37)
Total assets		40,458			38,548			5			40,595			38,611			5
Consumer and commercial deposits		77,372			75,502			2			76,640			74,681			3
Performance Ratios
Efficiency ratio		71.58	%		66.68	%					71.18	%		67.45	%
Impact of excluding amortization of intangible assets		(4.66)			(4.90)						(4.73)			(5.06)
Tangible efficiency ratio		66.92	%		61.78	%					66.45	%		62.39	%

¹ Net interest income does not include the funding benefit that would result from holding shareholders’ equity at the line of business level due to the fact that shareholder’s

    equity is not allocated to the lines of business at this time.

² Provision for credit losses represents net charge-offs for the lines of business.

³ “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

Page 16

SunTrust Banks, Inc. and Subsidiaries DIVERSIFIED COMMERCIAL BANKING LINE OF BUSINESS (Dollars in millions)    (Unaudited)
	Three Months Ended June 30									Six Months Ended June 30
	2011			2010			% Change3			2011			2010			% Change3
Statements of Income
Net interest income1		$148			$133			11	%		$294			$262			12	%
FTE adjustment		25			27			(7)			50			54			(7)
Net interest income - FTE		173			160			8			344			316			9
Provision for credit losses2		30			41			(27)			38			64			(41)
Net interest income - FTE - after provision for credit losses		143			119			20			306			252			21
Noninterest income before securities/(losses) gains		65			57			14			122			109			12
Securities gains/(losses), net		-			-			-			-			-			-
Total noninterest income		65			57			14			122			109			12
Noninterest expense before amortization of intangible assets		120			112			7			235			228			3
Amortization of intangible assets		-			-			-			-			-			-
Total noninterest expense		120			112			7			235			228			3
Income - FTE - before provision/(benefit) for income taxes		88			64			38			193			133			45
Provision/(benefit) for income taxes		7			(3)			NM			21			(6)			NM
FTE adjustment		25			27			(7)			50			54			(7)
Net income including income attributable to noncontrolling interest		56			40			40			122			85			44
Less: net income attributable to noncontrolling interest		-			-			-			-			-			-
Net income		$56			$40			40			$122			$85			44
Total revenue - FTE		$238			$217			10			$466			$425			10
Selected Average Balances
Total loans		$22,649			$22,457			1	%		$22,585			$22,596			-	%
Goodwill		928			927			-			928			928			-
Other intangible assets excluding MSRs		-			-			-			-			-			-
Total assets		24,771			24,753			-			24,714			24,945			(1)
Consumer and commercial deposits		18,955			18,162			4			19,064			18,731			2
Performance Ratios
Efficiency ratio		50.59	%		51.79	%					50.39	%		53.67	%
Impact of excluding amortization of intangible assets		(1.98)			(2.45)						(2.04)			(2.59)
Tangible efficiency ratio		48.61	%		49.34	%					48.35	%		51.08	%

¹ Net interest income does not include the funding benefit that would result from holding shareholders’ equity at the line of business level due to the fact that shareholder’s equity is not allocated to the lines of business at this time.

² Provision for credit losses represents net charge-offs for the lines of business.

³ “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

Page 17

		(16)			(16)			(16)			(16)			(16)			(16)
SunTrust Banks, Inc. and Subsidiaries COMMERCIAL REAL ESTATE LINE OF BUSINESS (Dollars in millions)     (Unaudited)
	Three Months Ended June 30									Six Months Ended June 30
	2011			2010			% Change			2011			2010			% Change
Statements of Income
Net interest income 1		$36			$43			(16)	%		$71			$85			(16)	%
FTE adjustment		-			-			-			1			-			100
Net interest income - FTE		36			43			(16)			72			85			(15)
Provision for credit losses 2		112			118			(5)			219			188			16
Net interest income - FTE - after provision for credit losses		(76)			(75)			1			(147)			(103)			43
Noninterest income before securities gains/(losses)		22			19			16			48			40			20
Securities gains/(losses), net		-			-			-			-			-			-
Total noninterest income		22			19			16			48			40			20
Noninterest expense before amortization of intangible assets		109			114			(4)			217			203			7
Amortization of intangible assets		-			-			-			-			-			-
Total noninterest expense		109			114			(4)			217			203			7
Loss - FTE - before benefit for income taxes		(163)			(170)			(4)			(316)			(266)			19
Benefit for income taxes		(81)			(84)			(4)			(158)			(139)			14
FTE adjustment		-			-			-			1			-			100
Loss including income attributable to noncontrolling interest		(82)			(86)			(5)			(159)			(127)			25
Less: net income attributable to noncontrolling interest		-			-			-			-			-			-
Net loss		($82)			($86)			(5)			($159)			($127)			25
Total revenue - FTE		$58			$62			(6)			$120			$125			(4)
Selected Average Balances
Total loans		$7,354			$10,185			(28)	%		$7,654			$10,501			(27)	%
Goodwill		-			-			-			-			-			-
Other intangible assets excluding MSRs		-			-			-			-			-			-
Total assets		8,262			11,255			(27)			8,580			11,582			(26)
Consumer and commercial deposits		1,520			1,609			(6)			1,475			1,679			(12)
Performance Ratios
Efficiency ratio		186.50	%		185.37	%					180.31	%		162.21	%
Impact of excluding amortization of intangible assets		-			-						-			-
Tangible efficiency ratio		186.50	%		185.37	%					180.31	%		162.21	%

¹ Net interest income does not include the funding benefit that would result from holding shareholders’ equity at the line of business level due to the fact that shareholder’s   equity is not allocated to the lines of business at this time.

² Provision for credit losses represents net charge-offs for the lines of business.

Page 18

SunTrust Banks, Inc. and Subsidiaries CORPORATE AND INVESTMENT BANKING LINE OF BUSINESS (Dollars in millions)      (Unaudited)
	Three Months Ended June 30									Six Months Ended June 30
	2011			2010			% Change			2011			2010			% Change
Statements of Income
Net interest income 1		$120			$93			29	%		$237			$177			34	%
FTE adjustment		1			-			100			1			1			-
Net interest income - FTE		121			93			30			238			178			34
Provision for credit losses 2		3			7			(57)			3			36			(92)
Net interest income - FTE - after provision for credit losses		118			86			37			235			142			65
Noninterest income before securities gains/(losses)		193			142			36			370			255			45
Securities gains/(losses), net		-			-			-			-			-			-
Total noninterest income		193			142			36			370			255			45
Noninterest expense before amortization of intangible assets		148			122			21			295			232			27
Amortization of intangible assets		-			-			-			-			-			-
Total noninterest expense		148			122			21			295			232			27
Income - FTE - before provision for income taxes		163			106			54			310			165			88
Provision for income taxes		59			39			51			113			60			88
FTE adjustment		1			-			100			1			1			-
Net income including income attributable to noncontrolling interest		103			67			54			196			104			88
Less: net income attributable to noncontrolling interest		-			-			-			-			-			-
Net income		$103			$67			54			$196			$104			88
Total revenue - FTE		$314			$235			34			$608			$433			40
Selected Average Balances
Total loans		$13,338			$10,762			24	%		$12,783			$10,871			18	%
Goodwill		180			180			-			180			180			-
Other intangible assets excluding MSRs		-			-			-			-			-			-
Total assets		23,120			19,557			18			22,288			19,212			16
Consumer and commercial deposits		8,241			6,663			24			8,110			6,334			28
Performance Ratios
Efficiency ratio		47.09	%		51.78	%					48.48	%		53.61	%
Impact of excluding amortization of intangible assets		(0.28)			(0.46)						(0.30)			(0.52)
Tangible efficiency ratio		46.81	%		51.32	%					48.18	%		53.09	%

¹ Net interest income does not include the funding benefit that would result from holding shareholders’ equity at the line of business level due to the fact that shareholder’s equity is not allocated to the lines of business at this time.

² Provision for credit losses represents net charge-offs for the lines of business.

Page 19

		$162,915			$162,915			$162,915			$162,915			$162,915			$162,915
SunTrust Banks, Inc. and Subsidiaries MORTGAGE LINE OF BUSINESS (Dollars in millions)    (Unaudited)
	Three Months Ended June 30									Six Months Ended June 30
	2011			2010			% Change			2011			2010			% Change
Statements of Income
Net interest income1		$116			$106			9	%		$241			$208			16	%
FTE adjustment		-			-			-			-			-			-
Net interest income - FTE		116			106			9			241			208			16
Provision for credit losses2		153			289			(47)			376			691			(46)
Net interest income - FTE - after provision for credit losses		(37)			(183)			(80)			(135)			(483)			(72)
Noninterest income before securities losses		76			78			(3)			157			127			24
Securities losses, net		(1)			(1)			-			(1)			(2)			(50)
Total noninterest income		75			77			(3)			156			125			25
Noninterest expense before amortization of intangible assets		277			261			6			528			514			3
Amortization of intangible assets		-			-			-			-			-			-
Total noninterest expense		277			261			6			528			514			3
Loss before benefit for income taxes		(239)			(367)			(35)			(507)			(872)			(42)
Benefit for income taxes		(92)			(139)			(34)			(195)			(331)			(41)
FTE adjustment		-			-			-			-			-			-
Net loss including income attributable to noncontrolling interest		(147)			(228)			(36)			(312)			(541)			(42)
Less: net income attributable to noncontrolling interest		-			-			-			-			-			-
Net loss		($147)			($228)			(36)			($312)			($541)			(42)
Total revenue - FTE		$191			$183			4			$397			$333			19
Selected Average Balances
Total loans		$28,822			$28,662			1	%		$29,067			$28,773			1	%
Goodwill		-			-			-			-			-			-
Other intangible assets excluding MSRs		-			-			-			-			-			-
Total assets		33,363			34,624			(4)			33,947			34,662			(2)
Consumer and commercial deposits		2,695			2,749			(2)			2,838			2,597			9
Performance Ratios
Efficiency ratio		144.64	%		142.25	%					133.03	%		154.45	%
Impact of excluding amortization of intangible assets		-			-						-			-
Tangible efficiency ratio		144.64	%		142.25	%					133.03	%		154.45	%
Other Information
Production Data
Channel mix
Retail		$3,306			$3,767			(12)	%		$7,022			$7,019			-	%
Wholesale		548			1,600			(66)			1,317			2,938			(55)
Correspondent		837			1,628			(49)			2,103			2,684			(22)
Total production		$4,691			$6,995			(33)			$10,442			$12,641			(17)
Channel mix - percent
Retail		70	%		54	%					67	%		56	%
Wholesale		12			23						13			23
Correspondent		18			23						20			21
Total production		100	%		100	%					100	%		100	%
Purchase and refinance mix
Refinance		$2,231			$3,240			(31)			$6,308			$6,681			(6)
Purchase		2,460			3,755			(34)			4,134			5,960			(31)
Total production		$4,691			$6,995			(33)			$10,442			$12,641			(17)
Purchase and refinance mix - percent
Refinance		48	%		46	%					60	%		53	%
Purchase		52			54						40			47
Total production		100	%		100	%					100	%		100	%
Applications		$10,548			$12,890			(18)			$19,642			$22,787			(14)
Mortgage Servicing Data (End of Period)
Total loans serviced		$162,915			$177,808			(8)	%
Total loans serviced for others		131,548			145,845			(10)
Net carrying value of MSRs		1,423			1,298			10
Ratio of net carrying value of MSRs to total loans serviced for others		1.082	%		0.890	%

¹ Net interest income does not include the funding benefit that would result from holding shareholders’ equity at the line of business level due to the fact that shareholder’s   equity is not allocated to the lines of business at this time.

² Provision for credit losses represents net charge-offs for the lines of business.

Page 20

SunTrust Banks, Inc. and Subsidiaries WEALTH AND INVESTMENT MANAGEMENT LINE OF BUSINESS (Dollars in millions)    (Unaudited)
	Three Months Ended June 30									Six Months Ended June 30
	2011			2010			% Change			2011			2010			% Change
Statements of Income
Net interest income 1		$102			$95			7	%		$204			$187			9	%
FTE adjustment		-			-			-			-			-			-
Net interest income - FTE		102			95			7			204			187			9
Provision for credit losses 2		11			16			(31)			28			29			(3)
Net interest income - FTE - after provision for credit losses		91			79			15			176			158			11
Noninterest income before securities gains/(losses)		208			197			6			423			382			11
Securities gains/(losses), net		-			-			-			-			-			-
Total noninterest income		208			197			6			423			382			11
Noninterest expense before amortization of intangible assets		237			216			10			471			435			8
Amortization of intangible assets		4			3			33			6			6			-
Total noninterest expense		241			219			10			477			441			8
Income before provision for income taxes		58			57			2			122			99			23
Provision for income taxes		22			21			5			43			37			16
FTE adjustment		-			-			-			-			-			-
Net income including income attributable to noncontrolling interest		36			36			-			79			62			27
Less: net income attributable to noncontrolling interest		(1)			-			(100)			4			-			-
Net income		$37			$36			3			$75			$62			21
Total revenue - FTE		$310			$292			6			$627			$569			10
Selected Average Balances
Total loans		$7,522			$8,072			(7)	%		$7,567			$8,070			(6)	%
Goodwill		372			361			3			367			360			2
Other intangible assets excluding MSRs		53			52			2			54			53			2
Total assets		8,640			9,157			(6)			8,678			9,112			(5)
Consumer and commercial deposits		12,148			11,070			10			12,227			11,052			11
Performance Ratios
Efficiency ratio		77.72	%		75.18	%					76.16	%		77.43	%
Impact of excluding amortization of intangible assets		(2.24)			(2.21)						(2.07)			(2.31)
Tangible efficiency ratio		75.48	%		72.97	%					74.09	%		75.12	%
Other Information (End of Period)
Assets under adminstration 3
Managed (discretionary) assets		$104,722			$116,096			(10)	%
Non-managed assets		49,928			44,244			13
Total assets under administration		154,650			160,340			(4)
Brokerage assets		35,745			32,383			10
Corporate trust assets		10,572			8,344			27
Total assets under advisement		$200,967			$201,067			-

¹ Net interest income does not include the funding benefit that would result from holding shareholders’ equity at the line of business level due to the fact that shareholder’s   equity is not allocated to the lines of business at this time.

² Provision for credit losses represents net charge-offs for the lines of business.

³ June 30, 2010 assets under advisement and assets under administration includes $16 billion in money market fund assets that were previously managed by RidgeWorth.   SunTrust completed the sale of its money market fund business to Federated Investors, Inc. in the fourth quarter of 2010.

Page 21

SunTrust Banks, Inc. and Subsidiaries CORPORATE OTHER AND TREASURY (Dollars in millions) (Unaudited)
	Three Months Ended June 30									Six Months Ended June 30
	2011			2010			%  Change3			2011		2010		%  Change3
Statements of Income
Net interest income		$105			$79			33	%		$203		$192		6	%
FTE adjustment		1			3			(67)			3		5		(40)
Net interest income - FTE		106			82			29			206		197		5
Provision for credit losses1		(114)			(60)			90			(238)		(19)		NM
Net interest income - FTE - after provision for credit losses		220			142			55			444		216		NM
Noninterest income before securities gains		36			100			(64)			35		101		(65)
Securities gains, net		33			58			(43)			97		60		62
Total noninterest income		69			158			(56)			132		161		(18)
Noninterest expense before amortization of intangible assets		(6)			55			NM			(28)		20		NM
Amortization of intangible assets		-			-			-			1		-		100
Total noninterest expense		(6)			55			NM			(27)		20		NM
Income - FTE - before provision for income taxes		295			245			20			603		357		69
Provision for income taxes		120			95			26			228		116		97
FTE adjustment		1			3			(67)			3		5		(40)
Net income including income attributable to noncontrolling interest		174			147			18			372		236		58
Less: net income attributable to noncontrolling interest		2			3			(33)			4		5		(20)
Net income		$172			$144			19			$368		$231		59
Total revenue - FTE		$175			$240			(27)			$338		$358		(6)
Selected Average Balances
Total loans		$214			$138			55	%		$208		$221		(6)	%
Securities available for sale		24,139			25,029			(4)			24,181		25,508		(5)
Goodwill		-			1			(100)			-		-		-
Other intangible assets excluding MSRs		3			3			-			3		3		-
Total assets		31,913			33,379			(4)			32,987		33,227		(1)
Consumer and commercial deposits		948			705			34			944		702		34
Other Information
Duration of investment portfolio		3.0	%		2.5	%
Accounting net interest income interest rate sensitivity2:
% Change in net interest income under:
Instantaneous 100 bp increase in rates over next            12 months		-	%		0.6	%
Instantaneous 100 bp decrease in rates over next            12 months		(1.3)	%		(0.7)	%
Economic net interest income interest rate sensitivity2:
% Change in net interest income under:
Instantaneous 100 bp increase in rates over next            12 months		(0.2)	%		0.1	%
Instantaneous 100 bp decrease in rates over next            12 months		(1.2)	%		(0.3)	%

¹ Provision for credit losses is the difference between net charge-offs recorded by the lines of business and consolidated provision for credit losses.

² The recognition of interest rate sensitivity from an accounting perspective is different from the economic perspective due to the election of fair value accounting for certain long term debt and the related interest rate swaps. The net interest income sensitivity profile from an economic perspective assumes the net interest payments from the related swaps were included in net interest income.

³ “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

Page 22

SunTrust Banks, Inc. and Subsidiaries

CONSOLIDATED - SEGMENT TOTALS

(Dollars in millions)    (Unaudited)

	Three Months Ended June 30									Six Months Ended June 30
	2011			2010			Change1			2011			2010			Change1
Statements of Income
Net interest income		$1,259			$1,178			7	%		$2,508			$2,350			7	%
FTE adjustment		27			30			(10)			55			60			(8)
Net interest income - FTE		1,286			1,208			6			2,563			2,410			6
Provision for credit losses		392			662			(41)			839			1,524			(45)
Net interest income - FTE - after provision for credit losses		894			546			64			1,724			886			95
Noninterest income before securities gains		880			895			(2)			1,699			1,592			7
Securities gains, net		32			57			(44)			96			58			66
Total noninterest income		912			952			(4)			1,795			1,650			9
Noninterest expense before amortization of intangible assets		1,530			1,490			3			2,984			2,838			5
Amortization of intangible assets		12			13			(8)			23			26			(12)
Total noninterest expense		1,542			1,503			3			3,007			2,864			5
Income/(loss) - FTE - before provision/(benefit) for income taxes		264			(5)			NM			512			(328)			NM
Provision/(benefit) for income taxes		58			(50)			NM			91			(244)			NM
FTE adjustment		27			30			(10)			55			60			(8)
Net income/(loss) including income attributable to noncontrolling interest		179			15			NM			366			(144)			NM
Less: net income attributable to noncontrolling interest		1			3			(67)			8			5			60
Net income/(loss)		$178			$12			NM			$358			($149)			NM
Total revenue - FTE		$2,198			$2,160			2			$4,358			$4,060			7
Selected Average Balances
Total loans		$114,920			$113,016			2	%		$115,040			$113,721			1	%
Goodwill		6,334			6,323			-			6,329			6,322			-
Other intangible assets excluding MSRs		117			153			(24)			122			159			(23)
Total assets		170,527			171,273			-			171,789			171,351			-
Consumer and commercial deposits		121,879			116,460			5			121,298			115,776			5
Performance Ratios
Efficiency ratio		70.17	%		69.57	%					69.01	%		70.52	%
Impact of excluding amortization of intangible assets		(0.53)			(0.61)						(0.52)			(0.65)
Tangible efficiency ratio		69.64	%		68.96	%					68.49	%		69.87	%

¹ “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

Page 23

EX-99.2

SunTrust Banks, Inc.

2Q 2011 Earnings Presentation

July 22, 2011

Exhibit 99.2

1

Important Cautionary Statement

The following should be read in conjunction with the financial statements, notes and other information contained in the Company’s 2010 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, 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. Statements regarding our expectations about revenue increases and expense reductions as a result of business initiatives

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,” “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 Part I, "Item 1A. Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2010, and in Part II, "Item 1A. Risk Factors" in our Quarterly

Report on Form 10-Q for the period ended March 31, 2011, and in other periodic reports that we file with the SEC. Those factors include: difficult market conditions have adversely

affected our industry; concerns over market volatility continue; the Dodd-Frank Act makes fundamental changes in the regulation of the financial services industry, some of which

may adversely affect our business; we are subject to capital adequacy and liquidity guidelines and, if we fail to meet these guidelines, our financial condition would be adversely

affected; emergency measures designed to stabilize the U.S. banking system are beginning to wind down; we are subject to credit risk; our ALLL 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; 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; we are subject to certain

risks related to originating and selling mortgages. 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 are subject to risks

related to delays in the foreclosure process; we may continue to suffer increased losses in our loan portfolio despite enhancement of our underwriting policies; 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; 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 or man-made 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; the soundness of other financial institutions could adversely affect us; 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 margin declines; 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; disruptions in our ability to access global capital

markets may negatively affect our capital resources and liquidity; any reduction in our credit rating could increase the cost of our funding from the capital markets; 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 are subject to certain litigation, and

our expenses related to this litigation may adversely affect our results; we depend on the expertise of key personnel. 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 strategies; our accounting policies and

processes are critical to how we report our financial condition and results of operations. They 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

Table of Contents

I.

OVERVIEW

II.

FINANCIAL PERFORMANCE

III.

RISK AND CAPITAL REVIEW

IV.

BUSINESS HIGHLIGHTS

V.

APPENDIX

3

Balance

Sheet

Revenue

Expenses

Credit

and

Capital

•

Earnings per share of $0.33; improvement continued

•

Loans were stable compared to 1Q 11; growth in targeted portfolios offset continued

declines in higher-risk categories

•

Growth in lower-cost deposits and favorable mix shift continued

•

Net Interest Margin stable to 1Q 11

•

Fee income grew sequentially, with increases across a broad range of categories

•

Expenses rose from 1Q 11, largely due to credit-related factors

•

Improving trends in all primary credit metrics continued

•

Tier 1 Common Ratio of 9.20% (estimated)

2Q 11 Summary

I. OVERVIEW

Earnings

4

($ in millions, except per share data)

Income Statement Highlights

II. FINANCIAL

PERFORMANCE

Prior Quarter Variance

•

EPS increase of $0.11 (excluding TARP

Lower provision from continued credit

quality improvement

Higher fee income across a broad

range of consumer and commercial

categories

Lower preferred dividends due to 1Q 11

TARP redemption

Partially offset by higher expenses

Prior Year Variance

•

Significant EPS improvement driven by:

Net interest income growth, primarily

from improved deposit mix and pricing

Improved credit quality / lower provision

Elimination of TARP preferred

dividends

EPS of $0.33; Improvement Continued

2Q 10

1Q 11

2Q 11

Net Interest Income (FTE)

$1,208

$1,277

$1,286

Provision for Credit Losses

662

447

392

Noninterest Income

952

883

912

Total Revenue (FTE)

2,160

2,160

2,198

Noninterest Expense

1,503

1,465

1,542

Net Income/(Loss)

12

180

178

Preferred Dividends & Other

68

142

4

Net Income/(Loss) to Common Shareholders

(56)

38

174

Net Income/(Loss) per Share

($0.11)

$0.08

$0.33

Net Income /(Loss) per Share excl. TARP

Redemption

($0.11)

$0.22

$0.33

Key Points

Financial Highlights

1.

SunTrust redeemed its TARP preferred shares during 1Q 11.  Reported EPS in 1Q 11 was $0.08.  The TARP redemption charge of ($74) million, or approximately ($0.14) per

share, is reflected in the Preferred Dividends line item and is a non-cash charge related to the unamortized discount on the TARP preferred shares

1

redemption   ), driven by:

1

5

II.

FINANCIAL

PERFORMANCE

Loans

Prior Quarter Variance

•

Stable

performing

loan

balances

as

growth

in

targeted

Commercial

and

Consumer

categories

offset

planned

declines

in

Residential

•

Commercial

growth

driven

by

$1.0

billion,

or

2.2%,

increase

in

C&I.

CRE

and

Commercial

Construction

declined

a

combined

$0.5

billion

•

Residential

segment

declined

$0.7

billion,

or

1.5%,

due

to

lower

Non-guaranteed

Mortgages

and

Home

Equity

balances

•

Consumer loan growth of $0.2 billion driven by

Guaranteed Student Loans

Prior Year Variance

•

$3.1 billion, or 2.9%, growth in performing loans

•

Commercial

declined

~$1

billion

due

to

Commercial

Construction

and

CRE,

while

C&I

increased

•

Residential

segment

down

modestly,

as

growth

in

Guaranteed

Mortgages

was

more

than

offset

by

declines

in

higher-risk

portions

of

the

portfolio

•

Consumer

segment

up

~$4

billion,

or

over

30%,

driven

by

Indirect

and

Guaranteed

Student

Loans

Average Balances Stable Compared to 1Q 11

1.

2010 quarterly averages for the Commercial, Residential, and Consumer segments are calculated using month end balances, and, therefore, do not sum to the total performing loan

balances, which are calculated using daily average balances

NOTE:  Totals may not foot due to rounding

($ in billions)

$52.8

$52.0

$51.7

$51.4

$51.8

$43.3

$43.7

$44.2

$43.7

$43.0

$12.1

$13.3

$15.0

$16.1

$16.3

2Q 10

3Q 10

4Q 10

1Q 11

2Q 11

Commercial

Residential

Consumer

$110.9

$111.1

$108.3

$109.0

$111.1

Average Performing Loans¹

Key Points

6

II.

FINANCIAL

PERFORMANCE

Higher-risk Loans¹

Higher-risk

Loans

(period-end)

Key Points

•

Higher-risk categories down $11.9 billion, or over

50%, since 4Q 08

These declining portfolios now represent less

than 10% of total loans

•

Over this same time, government-guaranteed loans

are up over $6 billion to $9.1 billion

Prior Quarter Variance

•

$0.7 billion, or 6%, decline in higher-risk loans

•

Declines occurred in all of the major categories, as

well as the sub-categories (listed in footnote)

•

Commercial Construction posted the largest

decrease, down $0.4 billion, or 17%

Prior Year Variance

•

$3.8 billion, or 25%, decline in higher-risk loans

•

Commercial Construction down $1.9 billion, or 52%

•

Higher-risk Mortgages down $1.0 billion, or 20%,

primarily from Prime 2nds and Residential

Construction

•

Higher-risk Home Equity down $0.9 billion, or 13%,

primarily from High LTV Lines and HE Loans

Continued Declines in Higher-risk Categories

NOTE:  Totals may not foot due to rounding

($ in billions)

$6.9

$3.7

$3.1

$2.6

$2.1

$1.7

$8.1

$4.9

$4.7

$4.4

$4.1

$3.9

$8.3

$6.6

$6.4

$6.1

$5.9

$5.7

4Q 08

2Q 10

3Q 10

4Q 10

1Q 11

2Q 11

Higher-Risk Home Equity Products

Higher-Risk Mortgage Products

Commercial Construction

$14.1

$13.1

$23.4

$15.2

$12.1

$11.4

1.

Higher-risk Mortgage products include Prime 2nds, Residential Construction, and Alt-A.  Higher-risk Home Equity includes High LTV lines (includes Florida lines > 80%

LTV and other lines > 90% LTV), Brokered Home Equity, and Home Equity Loans.  Data includes performing and nonperforming loans

7

II.

FINANCIAL

PERFORMANCE

Deposits

Average Client Deposits

Key Points

Favorable Deposit Growth and Mix Shift Trends Continued

Prior Quarter Variance

•

Client

Deposits

grew

$1.2

billion,

or

1%,

to

a  

record level of $121.9 billion

•

Continued favorable shift in deposit mix

DDA up $1.6 billion, or 5.5%

Time Deposits declined $0.3 billion, or 1.4%

Prior Year Variance

•

Client Deposits grew $5.4 billion, or 4.7%

•

Growth derived from lower-cost accounts, including:

DDA up $4.3 billion, or 17%

MMA up $5.2 billion, or 14%

•

Higher-cost

Time

Deposits

declined

$4.3

billion,

or 18%

$119.7

$116.5

$117.2

$120.7

$121.9

($ in billions)

NOTE:  Totals may not foot due to rounding

$25.5

$26.5

$27.8

$28.3

$29.8

$24.9

$23.5

$24.6

$25.4

$24.7

$37.7

$39.8

$41.7

$42.6

$42.9

$4.1

$4.1

$4.1

$4.3

$4.6

$24.2

$23.3

$21.4

$20.2

$19.9

2Q 10

3Q 10

4Q 10

1Q 11

2Q 11

DDA

NOW

Money Market

Savings

Time

8

II.

FINANCIAL

PERFORMANCE

Net Interest Income

$1,208

$1,286

$1,277

$1,294

$1,266

3.33%

3.41%

3.44%

3.53%

3.53%

1,000

2Q 10

3Q 10

4Q 10

1Q 11

2Q 11

3.0%

3.2%

3.4%

3.6%

Net Interest Margin

Net Interest Income

Net Interest Margin Stable to 1Q 11

Prior Quarter Variance

•

Net Interest Margin stable at 3.53%

Deposit mix shift, lower rates paid, and reduced long-

term debt rates contributed to 7 bps decline in interest-

bearing liabilities

Interest earning assets down 5 bps, due to lower loan

yields

•

Net Interest Income increased modestly, primarily due to 

day count

Prior Year Variance

•

Net Interest Income up $78 million, or 6%, driven by a 20

bps expansion in the Net Interest Margin

Lower-cost deposit growth, lower deposit rates paid,

and a reduction in higher-cost debt drove a 34 bps

decline in interest-bearing liabilities

Interest earning asset yields declined a modest 9 bps,

as the securities portfolio repositioning helped mitigate

the impacts of the continued low rate environment

($ in millions)

Net Interest Income, FTE

Key Points

9

II.

FINANCIAL

PERFORMANCE

Noninterest Income

Sequential Quarter Increase from Broad Range of Categories

1.

Please refer to the appendix for adjustment detail

Prior Quarter Variance

•

Adjusted Noninterest Income increased $37 million, or 5%,

due primarily to:

Investment

Banking

-

$28

million

increase

from

strong

syndicated finance revenue

Deposit Service Charges -

$7 million increase

Prior Year Variance

•

Adjusted Noninterest Income increased $53 million, or 7%

Investment

Banking

-

$37

million

due

to

higher

syndicated finance revenue

Retail Investment Services and Card Fees both

increased by over $10 million and grew by double digit

percentages

Mortgage Production increased due to lower

repurchase costs

Service Charges on Deposits declined due to the

impact of Reg E

($ in millions)

$883

$1,047

$1,032

$952

$912

$144

$108

$60

$51

$808

$1,047

$924

$823

$861

2Q 10

3Q 10

4Q 10

1Q 11

2Q 11

Adjusted Noninterest Income

Adjustment

Items

1

Noninterest Income

Key Points

10

($ in millions)

2Q 10

3Q 10

4Q 10

1Q 11

2Q 11

2005 & Prior

$21

$26

$20

$24

$21

2006

85

71

69

78

79

2007

204

134

108

157

183

2008

30

27

25

44

43

2009 -

2011

8

5

11

9

22

Total

$349

$263

$233

$313

$348

% Non-Agency

(approx.)

3%

6%

7%

9%

5%

Repurchase demands increased in 2Q 11 primarily

from the high level of 2007 vintage demands

Summary Statistics

Losses have stabilized but reserve is up primarily

due to pending demand growth & resolution timing

($ in millions)

2Q 10

3Q 10

4Q 10

1Q 11

2Q 11

Period-end

Balance

$317

$320

$293

$363

$472

% Non-Agency

(approx.)

5%

7%

10%

10%

9%

Metric (2005 –

2011 vintages)

Amount ($B)

Sold UPB

$211

Remaining UPB

105

Cumulative Repurchase Requests

3.9

Requests Resolved

3.4

Losses Recognized to Date

0.9

2Q 2011 Reserve

0.3

Income Statement Impact to Date

$1.2

Memo:

Non-Agency

UPB

15

1.

Includes estimates

2.

Amount is an estimate and is included in the $105 billion of remaining UPB

($ in millions)

2Q 10

3Q 10

4Q 10

1Q 11

2Q 11

Beginning Balance

$210

$256

$270

$265

$270

Additions

148

95

85

80

90

Charge-Offs

(102)

(81)

(90)

(75)

(61)

Ending Balance

$256

$270

$265

$270

$299

Pending demands increased in 2Q 11 primarily

driven by the increase in new demands

II.

FINANCIAL

PERFORMANCE

Mortgage Repurchase Trends

1

2

11

Noninterest Expense

($ in millions)

II. FINANCIAL PERFORMANCE

$1,465

$1,548

$1,499

$1,503

Increase from 1Q Due Primarily to Credit-related Factors

1.

Please refer to the appendix for adjustment detail

Prior Quarter Variance

•

$77 million increase in Total Noninterest Expense

Credit-related expenses increased $37

million due to higher Operating Losses

(litigation and compliance accruals) and

Credit & Collections

FDIC premium rose $10 million due to new

assessment methodology

Prior Year Variance

•

Adjusted Noninterest Expense increased by $108

million

Employee Compensation was up $66 million,

due to improved revenue generation and staff

additions

FDIC premium increased $16 million

Credit-related expenses rose $15 million

$1,542

$1,435

$1,487

$1,533

$1,466

$1,543

$68

$12

$15

($1)

($1)

2Q 10

3Q 10

4Q 10

1Q 11

2Q 11

Adjusted Noninterest Expense¹

Adjustment Items¹

Noninterest Expense

Key Points

12

Credit Quality Improvement

III. RISK AND CAPITAL REVIEW

30 -

89 Day Delinquencies

Net Charge-offs

Allowance for Loan and Lease Losses

$3,156

$3,086

$2,974

$2,854

$2,744

2.81%

2.69%

2.58%

2.49%

2.40%

1,000

1,500

2,000

2,500

3,000

3,500

2Q 10

3Q 10

4Q 10

1Q 11

2Q 11

1.5%

2.0%

2.5%

3.0%

3.5%

4.0%

ALLL Ratio

ALLL ($)

Continued Improvement in All Key Metrics

NCOs to Avg. Loans (annualized)

Net Charge-offs

Nonperforming Assets

$5,069

$4,758

$4,568

$5,463

$4,104

$4,699

$4,373

$4,110

$3,971

$3,610

$764

$696

$648

$597

$494

2Q 10

3Q 10

4Q 10

1Q 11

2Q 11

Nonperforming Loans

Other Assets

1.26%

1.24%

1.18%

1.15%

1.09%

0.98%

0.96%

0.90%

0.80%

0.73%

2Q 10

3Q 10

4Q 10

1Q 11

2Q 11

Total Delinq.

Delinq. Excl. Gov't Guar.

$722

$690

$621

$571

$505

2.57%

2.42%

2.14%

2.01%

1.76%

200

2Q 10

3Q 10

4Q 10

1Q 11

2Q 11

1.0%

1.4%

1.8%

2.2%

2.6%

3.0%

3.4%

13

Key Points

Net Charge-offs

Nonperforming Loans

Prior Quarter Variance

•

NPLs

declined

$361

million,

or

9%

Commercial down $300 million, or 16%, led by

Commercial Construction, which fell $216 million, or

more than 25%

Declines across almost every loan category

•

Net

Charge-offs

declined

$66

million,

or

12%

Residential down $83 million due to Non-guaranteed

Mortgages and Home Equity

Commercial up $23 million, as C&I increased from

1Q but remained below 2010 levels

Prior Year Variance

•

NPLs

declined

$1.1

billion,

or

23%,

driven

by

Commercial

Construction,

Non-guaranteed

Mortgages, and C&I

•

Net

Charge-offs

declined

$217

million,

or

30%,

with

the

largest

declines

in

the

Non-guaranteed

Mortgages,

Commercial

Construction,

and

Residential

Construction portfolios

Meaningful Declines in NPLs and Net Charge-offs

III. RISK AND CAPITAL REVIEW

Nonperforming Loans and Net Charge-offs

$3,971

$4,699

$4,373

$4,110

$3,610

$35

$42

$35

$32

$34

$2,473

$2,273

$2,188

$2,076

$2,013

$2,191

$2,058

$1,887

$1,863

$1,563

2Q 10

3Q 10

4Q 10

1Q 11

2Q 11

Commercial

Residential

Consumer

$722

$690

$571

$621

$505

$35

$31

$35

$35

$29

$465

$428

$383

$380

$297

$222

$231

$203

$156

$179

2Q 10

3Q 10

4Q 10

1Q 11

2Q 11

Commercial

Residential

Consumer

14

1.

Estimated

2.

The Tier 1 Capital Ratio including TARP was 13.51% in 2Q 10, 13.58% in 3Q 10, and 13.67% in 4Q 10

3.

Please refer to the Appendix for a reconcilement to the most directly comparable GAAP financial measure

Capital

Ratios

Further

Expanded

and

Significantly

Exceed

Current

and

Proposed

Regulatory Standards

III. RISK AND CAPITAL REVIEW

Capital Position

Tier 1 Common Ratio

Tier

1

Capital

Ratio

(Excluding

TARP)

Tangible

Common

Equity

Ratio

Tangible

Book

Value

Per

Share

7.92%

8.02%

8.08%

9.05%

9.20%

2Q 10

3Q 10

4Q 10

1Q 11

2Q 11¹

9.84%

9.93%

10.02%

11.00%

11.10%

2Q 10

3Q 10

4Q 10

1Q 11

2Q 11¹

7.18%

7.26%

7.15%

7.77%

7.96%

2Q 10

3Q 10

4Q 10

1Q 11

2Q 11

$23.58

$24.42

$23.76

$23.79

$24.57

2Q 10

3Q10

4Q10

1Q11

2Q11

3

3

2

15

•

Announced new checking account line-up

Responsive to clients’

preferences and the regulatory environment

•

Client loyalty in Retail Banking continued to improve, reaching another

all-time

high

1

•

Loan

production

in

the

Consumer

businesses

increased

by

14%

over

2Q

10

2

•

Retail

investment

services

income

up

23%

YTD;

strong

growth

in

managed

account fees on the brokerage platform

1.

Source:  SunTrust’s Service Excellence Program

2.

Includes home equity, student loans, indirect loans, and other direct consumer

3.

Reflects 2Q 11 average balance as compared to 2Q 10 average balance

Consumer

•

Corporate

&

Investment

Banking

revenue

and

net

income

were

the

second

and third highest quarters ever, respectively

YTD revenue is up 40% from 2010

YTD net income is up over 85%

•

Diversified Commercial Banking net income up over 40% YTD; meaningful

improvements in client acquisition and attrition

•

Asset Based Lending (targeted growth portfolio) balances grew to $1.2

billion,

up

$0.5

billion

from

prior

year

3

Wholesale

IV. BUSINESS HIGHLIGHTS

Selected Business Highlights

16

•

Earnings per share of $0.33; improvement continued

•

Loans were stable compared to 1Q 11; growth in targeted portfolios offset continued

declines in higher-risk categories

•

Growth in lower-cost deposits and favorable mix shift continued

•

Net Interest Margin stable to 1Q 11

•

Fee income grew sequentially, with increases across a broad range of categories

Earnings

Balance Sheet

Revenue

Expenses

•

Improving trends in all primary credit metrics continued

•

Tier 1 Common Ratio of 9.20% (estimated)

Credit and

Capital

•

Expenses rose from 1Q 11, largely due to credit-related factors

2Q 11 Summary

IV. BUSINESS HIGHLIGHTS

17

Appendix

18

$0.5

(1.2)

1.3

(0.1)

-

0.2

(0.1)

-

$0.6

$0.2

3.8

18.0

0.6

0.3

0.2

0.7

2.8

$26.6

$0.7

2.6

19.3

0.5

0.3

0.4

0.6

2.8

$27.2

U.S. Treasury

U.S. Agency

MBS –

Agency

U.S. States and Subdivisions

MBS –

Private

Corporate & Other

Asset –

Backed Securities

Other Equity

Total AFS

1Q 2011                 2Q 2011               $ Change

Securities

Available for Sale

($ in billions, period-end balances)

Securities Portfolio

Stable Securities Portfolio; $32 million in 2Q Gains Recognized in Repositioning

NOTE:  Columns may not foot due to rounding

V. APPENDIX

19

V. APPENDIX

30 –

89 Day Delinquencies by Loan Class –

Excl. Govt.

Guaranteed Loans

Memo:

($ in billions)

2Q 10

3Q 10

4Q 10

1Q 11

2Q 11

2Q 11 Loan

Balance

30-89 Day Delinquencies

Commercial Loans

Commercial & industrial

0.31

%

0.28

%

0.25

%

0.22

%

0.20

%

$ 45,922

Commercial real estate

1.05

0.88

0.43

0.33

0.26

5,707

Commercial construction

1.18

0.67

0.42

0.47

0.63

1,740

Total commercial loans

0.46

0.38

0.28

0.24

0.22

53,369

Residential Loans

Residential

mortgages

-

guaranteed

-

-

-

-

-

4,513

Residential

mortgages

-

nonguaranteed

1.83

1.88

1.90

1.63

1.45

23,224

Home equity products

1.44

1.52

1.40

1.46

1.44

16,169

Residential construction

2.82

2.61

3.28

2.94

2.28

1,118

Total residential loans

1.71

1.76

1.74

1.60

1.47

45,024

Consumer Loans

Guaranteed student loans

-

-

-

-

-

4,620

Other direct

0.63

1.87

0.92

1.12

0.82

1,863

Indirect

0.82

0.79

0.78

0.68

0.58

9,629

Credit cards

2.58

2.76

2.40

2.04

1.86

407

Total consumer loans

0.88

1.05

0.86

0.79

0.66

16,520

Total

SunTrust

-

excluding

government

guaranteed

delinquencies

0.98

%

0.96

%

0.90

%

0.80

%

0.73

%

$ 114,913

Total

SunTrust

-

including

government

guaranteed

delinquencies

1.26

%

1.24

%

1.18

%

1.15

%

1.09

%

1.

Excludes delinquencies on all federally guaranteed mortgages

2.

Excludes delinquencies on federally guaranteed student loans

3.

Excludes

mortgage

loans

guaranteed

by

GNMA

that

SunTrust

has

the

option,

but

not

the

obligation,

to

repurchase

2

1

3

20

V. APPENDIX

Nonperforming Loans by Loan Class

Memo:

($ in millions)

2Q 10

3Q 10

4Q 10

1Q 11

2Q 11

2Q 11 Loan

Balance

Nonperforming Loans

Commercial Loans

Commercial & industrial

$644

$601

$584

$585

$537

$45,922

Commercial real estate

321

346

342

435

399

5,707

Commercial construction

1,226

1,111

961

843

627

1,740

Total commercial loans

2,191

2,058

1,887

1,863

1,563

53,369

Residential Loans

Residential

mortgages

-

guaranteed

0

0

0

0

0

4,513

Residential

mortgages

-

nonguaranteed

1,749

1,591

1,543

1,458

1,412

23,224

Home equity products

360

357

355

343

335

16,169

Residential construction

364

325

290

275

266

1,118

Total residential loans

2,473

2,273

2,188

2,076

2,013

45,024

Consumer Loans

Guaranteed student loans

0

0

0

0 

0 

4,620

Other direct

14

14

10

11

9

1,863

Indirect

21

28

25

21

25

9,629

Credit cards

0

0

0

0

0

407

Total consumer loans

35

42

35

32

34

16,520

Total

$4,699

$4,373

$4,110

$3,971

$3,610

$114,913

NOTE:  Columns may not foot due to rounding

21

V. APPENDIX

Net Charge-off Ratios by Loan Class

Memo:

($ in millions)

2Q 10

3Q 10

4Q 10

1Q 11

2Q 11

2Q 11 Loan

Balance

Net Charge-offs to Avg. Loans annualized

Commercial Loans

Commercial & industrial

0.92

%

0.74

%

0.94

%

0.44

%

0.66

%

$45,922

Commercial real estate

0.97

2.33

1.79

1.42

2.72

5,707

Commercial construction

10.38

13.06

9.62

14.76

13.09

1,740

Total commercial loans

1.61

1.70

1.50

1.19                                                  

53,369

Residential Loans

Residential

mortgages

-

guaranteed

0 

0        

0 

0

0     

4,513

Residential

mortgages

-

nonguaranteed

3.37

3.30

3.09

3.19

2.16

23,224

Home equity products

4.04

3.69

3.71

3.96

3.49

16,169

Residential construction

20.44

18.09

11.61

10.46

10.52

1,118

Total residential loans

4.06

3.68

3.28

3.37

2.65

45,024

Consumer Loans

Guaranteed student loans

0

0

0

0

0

4,620

Other direct

3.02

1.74

2.20

2.53

2.14

1,863

Indirect

0.57

0.55

0.65

0.56

0.44

9,629

Credit cards

11.59

10.34

9.52

8.68

7.78

407

Total consumer loans

1.19

%

0.91

%

0.93

%

0.89

%

0.71

%

16,520

Total

2.57

%

2.42

%

2.14

%

2.01

%

1.76

%

$114,913

1.

2010 net charge-off ratios calculated using average of month-end loan balances

NOTE:  Columns may not foot due to rounding

1.34

1

22

V. APPENDIX

Net Charge-off by Loan Class

Memo:

($ in millions)

2Q 10

3Q 10

4Q 10

1Q 11

2Q 11

2Q 11 Loan

Balance

Net Charge-off Trends

Commercial Loans

Commercial & industrial

$101

$82

$105

$49

$75

$45,922

Commercial real estate

17

39

29

21

40

5,707

Commercial construction

104

110

69

86

64

1,740

Total commercial loans

222

231

203

156

179

53,369

Residential Loans

Residential

mortgages

-

guaranteed

0

0

0

0

0

4,513

Residential

mortgages

-

nonguaranteed

208

202

187

187

125

23,224

Home equity products

174

159

156

161

141

16,169

Residential construction

83

67

40

32

31

1,118

Total residential loans

465

428

383

380

297

45,024

Consumer Loans

Guaranteed student loans

0        

0

0

0

0

4,620

Other direct

11

7

9

11

10

1,863

Indirect

10

11

14

13

10

9,629

Credit cards

14

13

12

11

9

407

Total consumer loans

35

31

35

35

29

16,520

Total

$722

$690

$621

$571

$505

$114,913

NOTE:  Columns may not foot due to rounding

23

Troubled Debt Restructuring (TDR) Composition

Mortgage and Consumer Loans are 94% of Accruing TDRs; 86% are Current on

Principal and Interest Payments

Prior Quarter Variance

•

Total TDRs were stable at $3.6 billion

•

Accruing and current balances increased

modestly

Prior Year Variance

•

Total TDRs increased by $387 million due to

increased modifications, primarily in Residential

loans

•

The percentage of TDRs that are accruing

increased to ~75% in 2Q 11 from ~70% in 2Q 10

$3,255

$3,504

$3,618

$3,619

V. APPENDIX

$3,642

TDR Trend

Key Points

Early Stage Accruing TDR Delinquencies

$2,269

$2,516

$2,613

$2,643

$2,719

$986

$988

$1,005

$976

$923

2Q 10

3Q 10

4Q 10

1Q 11

2Q 11

Accruing

Nonaccruing

$1,980

$2,165

$2,245

$2,286

$2,349

$155

$198

$176

$193

$207

$86

$93

$108

$92

$104

2Q 10

3Q 10

4Q 10

1Q 11

2Q 11

Current

30-59 DLQ

60-89 DLQ

24

Noninterest Income Reconciliation

V. APPENDIX

($ in millions)

2Q 10

3Q 10

4Q 10

1Q 11

2Q 11

Total Noninterest Income

$952

$1,047

$1,032

$883

$912

Adjustment Items:

Securities Gains

57

69

64

64

32

Fair Market Value Adjustments (Trading Income)

1

17

30

14

(1)

STI Debt Valuation (Trading Income)

63

(22)

16

(20)

17

SunTrust Index-linked CDs (SILC) (Trading

Income)

23

(59)

5

(11)

8 

Auction Rate Securities (Trading Income)

(2)

1

(11)

16

4

Fair Value Adjustments (Mortgage Production)

2

(6)

(9)

(4)

(9)

Stable River Gain (Other Income)

0

0

13

0

0 

Total Adjustments

144

0

108

60

51

Adjusted Noninterest Income

$808

$1,047

$924

$823

$861

NOTE:  Columns may not foot due to rounding

25

Noninterest Expense Reconciliation

V. APPENDIX

($ in millions)

2Q 10

3Q 10

4Q 10

1Q 11

2Q 11

Total Noninterest Expense

$1,503

$1,499

$1,548

$1,465

$1,542

Adjustment Items:

AHG Write-down (Other Exp.)

5

0

11

0

0

(Gain)/Loss on Debt Extinguishment

63

12

4

(1)

(1)

Total Adjustments

68

12

15

(1)

(1)

Adjusted Noninterest Expense

$1,435

$1,487

$1,533

$1,466

$1,543

26

Additional Noninterest Expense Disclosures

V. APPENDIX

($ in millions)

2Q 10

3Q 10

4Q 10

1Q 11

2Q 11

Operating Losses

$16

$27

$26

$27

$61

Mortgage Reinsurance (Other Exp.)

9

7

2

7

6

Credit & Collections (Other Exp.)

66

69

71

51

60

Other Real Estate (Other Exp.)

86

77

90

69

64

Total Credit-related Expenses

$177

$181

$189

$155

$192

NOTE:  Columns may not foot due to rounding

27

Reconciliation of Non GAAP Measures

V. APPENDIX

($ in billions, except per share data)

Three Months Ended

June 30

September 30

December 31

March 31

June 30

2010

2010

2010

2011

2011

Total shareholders' equity               

$23.0

$23.4

$23.1

$19.2

$19.7

Goodwill, net of deferred taxes                    

(6.2)

(6.2)

(6.2)

(6.2)

(6.2)

Other intangible assets including MSRs, net of deferred taxes

(1.4)

(1.2)

(1.6)

(1.6)

(1.5)

MSRs

1.3

1.1

1.4

1.5

1.4

Tangible equity             

16.7

17.1

16.8

12.9

13.4

Preferred stock

(4.9)

(4.9)

(4.9)

(0.2)

(0.2)

Tangible common equity

$11.8

$12.2

$11.9

$12.8

$13.2

Total assets                

$170.7

$174.7

$172.9

$170.8

$172.2

Goodwill                

(6.3)

(6.3)

(6.3)

(6.3)

(6.3)

Other intangible assets including MSRs                

(1.4)

(1.2)

(1.6)

(1.7)

(1.5)

MSRs

1.3

1.1

1.4

1.5

1.4

Tangible assets                

$164.2

$168.3

$166.4

$164.4

$165.7

Tangible equity to tangible assets

10.18

%

10.19

%

10.12 %

7.87 %

8.07 %

Tangible common equity to tangible assets

7.18 %

7.26 %

7.15 %

7.77 %

7.96 %

Tangible book value per common share

$23.58

$24.42

$23.76

$23.79

$24.57

NOTE:  Columns may not foot due to rounding