/SECOND AND FINAL ADD -- CLTU045 -- SunTrust Banks, Inc./

SunTrust Banks, Inc. and Subsidiaries FIVE QUARTER OTHER FINANCIAL DATA (Dollars in thousands) (Unaudited) Three Months Ended June 30 March 31 Increase/(Decrease) 2008 2008 Amount % (1) CREDIT DATA Allowance for loan and lease losses - beginning $1,545,340 $1,282,504 $262,836 20.5 % Provision for loan losses 448,027 560,022 (111,995) (20.0) Allowance from GB&T acquisition 158,705 - 158,705 NM Charge-offs Commercial (47,738) (38,289) 9,449 24.7 Real estate: Home equity lines (94,857) (98,602) (3,745) (3.8) Construction (35,399) (23,182) 12,217 52.7 Residential mortgages (126,055) (109,186) 16,869 15.4 Commercial real estate (563) (233) 330 NM Consumer: Direct (7,852) (10,315) (2,463) (23.9) Indirect (43,101) (42,889) 212 0.5 Total charge-offs (355,565) (322,696) 32,869 10.2 - Recoveries Commercial 7,255 5,736 1,519 26.5 Real estate: Home equity lines 5,650 2,368 3,282 NM Construction 182 78 104 NM Residential mortgages 1,644 1,223 421 34.4 Commercial real estate 35 162 (127) (78.4) Consumer: Direct 2,119 2,381 (262) (11.0) Indirect 16,008 13,562 2,446 18.0 Total recoveries 32,893 25,510 7,383 28.9 Net charge-offs (322,672) (297,186) 25,486 8.6 Allowance for loan and lease losses - ending $1,829,400 $1,545,340 $284,060 18.4 Net charge-offs to average loans (annualized) Commercial 0.42 % 0.35 % 0.07 % 20.7 % Real estate: Home equity lines 2.40 2.65 (0.25) (9.6) Construction 1.16 0.72 0.44 61.1 Residential mortgages 1.49 1.29 0.20 15.4 Commercial real estate 0.02 - 0.02 NM Consumer: Direct 0.53 0.79 (0.26) (33.4) Indirect 1.46 1.53 (0.07) (4.7) Total net charge-offs to total average loans 1.04 0.97 0.07 7.2 Period Ended Nonaccrual loans Commercial $117,168 $97,930 $19,238 19.6 % Real estate: Home equity lines 216,839 193,153 23,686 12.3 Construction 772,353 520,704 251,649 48.3 Residential mortgages 1,356,710 1,115,071 241,639 21.7 Commercial real estate 124,523 64,251 60,272 93.8 Consumer loans 37,735 46,851 (9,116) (19.5) Total nonaccrual loans 2,625,328 2,037,960 587,368 28.8 Restructured loans 163,358 30,787 132,571 NM Total nonperforming loans 2,788,686 2,068,747 719,939 34.8 Other real estate owned (OREO) 334,519 244,906 89,613 36.6 Other repossessed assets 13,203 6,340 6,863 NM Total nonperforming assets $3,136,408 $2,319,993 $816,415 35.2 Total accruing loans past due 90 days or more $753,558 $743,969 $9,589 1.3 % Total nonperforming loans to total loans 2.22 % 1.67 % 0.55 % 32.9 % Total nonperforming assets to total loans plus OREO and other repossessed assets 2.49 1.87 0.62 33.2 Allowance to period-end loans (2) 1.46 1.25 0.21 16.8 Allowance to nonperforming loans (3) 72.0 81.6 (9.6) (11.7) Allowance to annualized net charge-offs 1.41 x 1.29 x 0.12 x 9.3 Three Months Ended December 31 September 30 June 30 2007 2007 2007 CREDIT DATA Allowance for loan and lease losses - beginning $1,093,691 $1,050,362 $1,033,939 Provision for loan losses 356,781 147,020 104,680 Allowance from GB&T acquisition - - - Charge-offs Commercial (38,239) (39,487) (40,853) Real estate: Home equity lines (46,842) (29,075) (24,429) Construction (7,616) (2,477) (1,468) Residential mortgages (59,319) (19,853) (19,615) Commercial real estate (299) (789) (694) Consumer: Direct (6,630) (5,661) (5,362) Indirect (32,448) (28,944) (19,301) Total charge-offs (191,393) (126,286) (111,722) Recoveries Commercial 6,613 6,322 5,536 Real estate: Home equity lines 2,182 2,101 2,323 Construction 705 82 244 Residential mortgages 1,328 1,107 1,614 Commercial real estate 846 861 162 Consumer: Direct 2,484 2,108 2,568 Indirect 9,267 10,014 11,018 Total recoveries 23,425 22,595 23,465 Net charge-offs (167,968) (103,691) (88,257) Allowance for loan and lease losses - ending $1,282,504 $1,093,691 $1,050,362 Net charge-offs to average loans (annualized) Commercial 0.35 % 0.38 % 0.42 % Real estate: Home equity lines 1.23 0.76 0.64 Construction 0.20 0.07 0.04 Residential mortgages 0.70 0.24 0.23 Commercial real estate (0.02) - 0.02 Consumer: Direct 0.42 0.32 0.26 Indirect 1.16 0.94 0.41 Total net charge-offs to total average loans 0.55 0.34 0.30 Period Ended Nonaccrual loans Commercial $74,463 $74,246 $91,895 Real estate: Home equity lines 135,700 80,966 52,449 Construction 295,335 158,194 77,936 Residential mortgages 841,376 595,856 447,951 Commercial real estate 44,502 40,649 44,168 Consumer loans 39,031 24,880 22,401 Total nonaccrual loans 1,430,407 974,791 736,800 Restructured loans 29,851 29,057 27,816 Total nonperforming loans 1,460,258 1,003,848 764,616 Other real estate owned (OREO) 183,753 156,106 100,973 Other repossessed assets 11,536 9,974 7,250 Total nonperforming assets $1,655,547 $1,169,928 $872,839 Total accruing loans past due 90 days or more $611,003 $495,384 $449,038 Total nonperforming loans to total loans 1.19 % 0.83 % 0.64 % Total nonperforming assets to total loans plus OREO and other repossessed assets 1.35 0.97 0.73 Allowance to period-end loans (2) 1.05 0.91 0.89 Allowance to nonperforming loans (3) 99.5 125.2 160.7 Allowance to annualized net charge-offs 1.92 x 2.66 x 2.97 x (1) "NM" - Not meaningful. Those changes over 100 percent were not considered to be meaningful. (2) During the second quarter of 2008, the Company revised its method of calculating this ratio to include, within the period-end loan amount, only loans measured at amortized cost. Previously, period-end loans included loans measured at fair value or the lower of cost or market. The Company believes this is an improved method of calculation due to the fact that the allowance for loan losses relates solely to the loans measured at amortized cost. Loans measured at fair value or the lower of cost or market that have been excluded from the prior periods calculation were $450,662, $392,259, $131,514, and $110,841, as of March 31, 2008, December 31, 2007, September 30, 2007 and June 30, 2007, respectively, which did not change the calculation by more than one basis point as of March 31, 2008, December 31, 2007, September 30, 2007 or June 30, 2007, respectively. (3) During the second quarter of 2008, the Company revised its method of calculating this ratio to include, within the nonperforming loan amount, only loans measured at amortized cost. Previously, this calculation included nonperforming loans measured at fair value or the lower of cost or market. The Company believes this is an improved method of calculation due to the fact that the allowance for loan losses relates solely to the loans measured at amortized cost. Nonperforming loans measured at fair value or the lower of cost or market that have been excluded from the prior periods calculation were $173,752, $171,475, $129,962, and $110,841, as of March 31, 2008, December 31, 2007, September 30, 2007 and June 30, 2007, respectively, which increased the calculation approximately 7, 12, 16, and 23 basis points as of March 31, 2008, December 31, 2007, September 30, 2007 and June 30, 2007, respectively. SunTrust Banks, Inc. and Subsidiaries OTHER FINANCIAL DATA (continued) (Dollars and shares in thousands, except per share data) (Unaudited) Three Months Ended June 30 Core Mortgage Deposit Servicing Intangible Rights Other Total OTHER INTANGIBLE ASSET ROLLFORWARD Balance, beginning of period $222,829 $921,255 $149,373 $1,293,457 Amortization (17,255) (46,578) (7,649) (71,482) Mortgage Servicing Rights ("MSRs") originated - 182,991 - 182,991 Purchase of GenSpring (formerly AMA, LLC) minority shares - - 1,150 1,150 Intangible assets obtained from sale upon merger of Lighthouse Partners, net(1) - - - - Sale/securitization of MSRs - (115,656) - (115,656) Balance June 30, 2007 $205,574 $942,012 $142,874 $1,290,460 Balance, beginning of period $157,703 $1,143,405 $129,160 $1,430,268 Amortization (14,228) (56,634) (5,506) (76,368) MSRs originated - 145,974 - 145,974 MSRs impairment reserve - - - - MSRs impairment recovery - 1,881 - 1,881 Sale of interest in Lighthouse Partners - - - - Sale/securitization of MSRs - (41,176) - (41,176) Customer intangible impairment charge - - (45,000) (45,000) Acquisition of GB&T 29,510 - - 29,510 Sale of First Mercantile - - (3,033) (3,033) Balance June 30, 2008 $172,985 $1,193,450 $75,621 $1,442,056 Six Months Ended June 30 Core Mortgage Deposit Servicing Intangible Rights Other Total OTHER INTANGIBLE ASSET ROLLFORWARD Balance, beginning of period $241,614 $810,509 $129,861 $1,181,984 Amortization (36,040) (87,937) (12,407) (136,384) Mortgage Servicing Rights ("MSRs") originated - 335,096 - 335,096 Purchase of GenSpring (formerly AMA, LLC) minority shares - - 1,278 1,278 Intangible assets obtained from sale upon merger of Lighthouse Partners, net(1) - - 24,142 24,142 Sale/securitization of MSRs - (115,656) - (115,656) Balance June 30, 2007 $205,574 $942,012 $142,874 $1,290,460 Balance, beginning of period $172,655 $1,049,425 $140,915 $1,362,995 Amortization (29,180) (113,077) (11,269) (153,526) MSRs originated - 298,278 - 298,278 MSRs impairment reserve - (1,881) - (1,881) MSRs impairment recovery - 1,881 - 1,881 Sale of interest in Lighthouse Partners - - (5,992) (5,992) Sale/securitization of MSRs - (41,176) - (41,176) Customer intangible impairment charge - - (45,000) (45,000) Acquisition of GB&T 29,510 - - 29,510 Sale of First Mercantile - - (3,033) (3,033) Balance June 30, 2008 $172,985 $1,193,450 $75,621 $1,442,056 Three Months Ended June 30 March 31 December 31 September 30 June 30 2008 2008 2007 2007 2007 COMMON SHARE ROLLFORWARD Beginning balance 349,832 348,411 348,074 349,053 356,505 Common shares issued/exchanged for employee benefit plans, stock option, performance and restricted stock activity 1,489 1,421 337 483 1,228 Common shares issued for acquisition of GB&T 2,221 - - - - Acquisition of treasury stock - - - (1,462) (8,680) Ending balance 353,542 349,832 348,411 348,074 349,053 COMMON STOCK REPURCHASE ACTIVITY Number of common shares repurchased (2) 19 17 12 1,472 8,715 Average price per share of repurchased common shares $57.76 $62.38 $69.31 $81.00 $87.02 Total cost to acquire treasury shares $- $- $- $- $853,386 Maximum number of common shares that may yet be purchased under plans or programs (3) 30,000 30,000 30,000 30,000 2,471 (1) During the first quarter of 2007 SunTrust merged its wholly-owned subsidiary, Lighthouse Partners, into Lighthouse Investment Partners, LLC in exchange for a minority interest in Lighthouse Investment Partners, LLC and a revenue-sharing agreement. This transaction resulted in a $7.9 million decrease in existing intangible assets and a new intangible asset of $32.0 million. (2) This figure includes shares repurchased pursuant to SunTrust's employee stock option plans, pursuant to which participants may pay the exercise price upon exercise of SunTrust stock options by surrendering shares of SunTrust common stock which the participant already owns. (3) In August 2006, the Board authorized the Company to repurchase up to an additional $1 billion or 13,333,334 shares of the Company's Common Stock, under which authority the Company repurchased 9,926,589 shares during 2006 under an Accelerated Share Repurchase Agreement ("ASR"). The 3,406,745 shares remaining under the August 2006 authorization, combined with 8,360,000 shares remaining under Board Authorization from April 2006, left the Company with authorization to repurchase up to 11,766,745 shares as of January 1, 2007. The Company completed the aforementioned ASR with the repurchase of 615,514 shares during the first quarter of 2007. During 2007, the Company entered into a second ASR, as announced in the Company's 8-K filing on June 7, 2007, by repurchasing 8,022,254 shares during the second quarter of 2007. This ASR was completed in the third quarter of 2007 when the Company received, without additional payment, an additional 1,462,091 shares. On August 14, 2007, the Board of Directors authorized the Company to repurchase up to 30 million shares of common stock and specified that such authorization replaced (terminated) existing unused authorizations. SunTrust Banks, Inc. and Subsidiaries RECONCILEMENT OF NON-GAAP MEASURES APPENDIX A TO THE EARNINGS RELEASE (Dollars in thousands) (Unaudited) Three Months Ended June 30 March 31 2008 2008 NON-GAAP MEASURES PRESENTED IN THE EARNINGS RELEASE Net income $540,362 $290,555 Securities (gains)/losses, net of tax (345,807) 37,563 Net income excluding net securities (gains)/ losses, net of tax 194,555 328,118 The Coca-Cola Company dividend, net of tax (14,738) (14,738) Net income/(loss) excluding net securities (gains)/losses and The Coca-Cola Company dividend 179,817 313,380 Preferred dividends 5,112 6,977 Net income/(loss) available to common shareholders excluding net securities (gains)/losses and The Coca-Cola Company dividend $174,705 $306,403 Total average assets $175,548,768 $176,916,901 Average net unrealized securities gains (2,295,932) (2,453,981) Average assets less net unrealized securities gains $173,252,836 $174,462,920 Total average common shareholders' equity $17,593,229 $17,561,709 Average accumulated other comprehensive income (1,488,305) (1,533,427) Total average realized common shareholders' equity $16,104,924 $16,028,282 Return on average total assets 1.24% 0.66% Impact of excluding net realized and unrealized securities (gains)/losses and The Coca-Cola Company dividend (0.82) 0.06 Return on average total assets less net unrealized securities gains (1) 0.42% 0.72% Return on average common shareholders' equity 12.24% 6.49% Impact of excluding net realized and unrealized securities (gains)/losses and The Coca-Cola Company dividend (7.88) 1.20 Return on average realized common shareholders' equity (2) 4.36% 7.69% Efficiency ratio (3) 53.06% 56.40% Impact of excluding amortization/impairment of intangible assets other than MSRs (2.49) (0.93) Tangible efficiency ratio (4) 50.57% 55.47% Total shareholders' equity $17,907,152 $18,431,448 Goodwill (7,056,015) (6,923,033) Other intangible assets including MSRs (1,442,056) (1,430,268) MSRs 1,193,450 1,143,405 Tangible equity $10,602,531 $11,221,552 Total assets $177,413,501 $178,986,947 Goodwill (7,056,015) (6,923,033) Other intangible assets including MSRs (1,442,056) (1,430,268) MSRs 1,193,450 1,143,405 Tangible assets $170,108,880 $171,777,051 Tangible equity to tangible assets (5) 6.23% 6.53% Net interest income $1,156,716 $1,139,867 Taxable-equivalent adjustment 28,256 27,975 Net interest income - FTE 1,184,972 1,167,842 Noninterest income 1,413,010 1,057,502 Total revenue - FTE 2,597,982 2,225,344.00 Securities (gains)/losses, net (549,787) 60,586 Total revenue - FTE excluding securities (gains)/losses, net (6) $2,048,195 $2,285,930 CALCULATION OF PRO FORMA TIER 1 As of CAPITAL June 30, 2008 Estimated Tier 1 Capital $12,521,872 Impact of July 15, 2008 Tier 1 Coca-Cola Company Agreements 727,924 Impact of July charitable gift to SunTrust Foundation 68,527 Pro forma Tier 1 Capital $13,318,323 Three Months Ended December 31 September 30 June 30 2007 2007 2007 NON-GAAP MEASURES PRESENTED IN THE EARNINGS RELEASE Net income $11,124 $420,164 $681,431 Securities (gains)/losses, net of tax (3,530) (614) (146,575) Net income excluding net securities (gains)/losses, net of tax 7,594 419,550 534,856 The Coca-Cola Company dividend, net of tax (13,206) (13,210) (13,218) Net income/(loss) excluding net securities (gains)/losses and The Coca-Cola Company dividend (5,612) 406,340 521,638 Preferred dividends 7,867 7,526 7,519 Net income/(loss) available to common shareholders excluding net securities (gains)/losses and The Coca-Cola Company dividend ($13,479) $398,814 $514,119 Total average assets $175,130,464 $174,653,377 $179,996,457 Average net unrealized securities gains (2,408,596) (2,091,892) (2,398,651) Average assets less net unrealized securities gains $172,721,868 $172,561,485 $177,597,806 Total average common shareholders' equity $17,532,786 $17,050,182 $17,428,101 Average accumulated other comprehensive income (1,292,785) (998,561) (1,206,487) Total average realized common shareholders' equity $16,240,001 $16,051,621 $16,221,614 Return on average total assets 0.03% 0.95% 1.52% Impact of excluding net realized and unrealized securities (gains) /losses and The Coca-Cola Company dividend (0.04) (0.02) (0.34) Return on average total assets less net unrealized securities gains (1) (0.01)% 0.93% 1.18% Return on average common shareholders' equity 0.07% 9.60% 15.51% Impact of excluding net realized and unrealized securities (gains)/ losses and The Coca-Cola Company dividend (0.40) 0.26 (2.80) Return on average realized common shareholders' equity (2) (0.33)% 9.86% 12.71% Efficiency ratio (3) 82.19% 63.35% 52.69% Impact of excluding amortization/ impairment of intangible assets other than MSRs (1.33) (1.22) (1.05) Tangible efficiency ratio (4) 80.86% 62.13% 51.64% Total shareholders' equity $18,052,518 $17,907,247 $17,368,853 Goodwill (6,921,493) (6,912,110) (6,897,050) Other intangible assets including MSRs (1,362,995) (1,327,060) (1,290,460) MSRs 1,049,426 995,984 942,012 Tangible equity $10,817,456 $10,664,061 $10,123,355 Total assets $179,573,933 $175,857,229 $180,314,372 Goodwill (6,921,493) (6,912,110) (6,897,050) Other intangible assets including MSRs (1,362,995) (1,327,060) (1,290,460) MSRs 1,049,426 995,984 942,012 Tangible assets $172,338,871 $168,614,043 $173,068,874 Tangible equity to tangible assets (5) 6.28% 6.32% 5.85% Net interest income $1,167,513 $1,192,188 $1,195,284 Taxable-equivalent adjustment 27,244 27,055 24,668 Net interest income - FTE 1,194,757 1,219,243 1,219,952 Noninterest income 576,017 819,139 1,154,622 Total revenue - FTE 1,770,774.00 2,038,382.00 2,374,574.00 Securities (gains)/losses, net (5,694) (991) (236,412) Total revenue - FTE excluding securities (gains)/losses, net (6) $1,765,080 $2,037,391 $2,138,162 CALCULATION OF PRO FORMA TIER 1 CAPITAL Estimated Tier 1 Capital Impact of July 15, 2008 Tier 1 Coca-Cola Company Agreements Impact of July charitable gift to SunTrust Foundation Pro forma Tier 1 Capital Six Months Ended June 30 June 30 2008 2007 NON-GAAP MEASURES PRESENTED IN THE EARNINGS RELEASE Net income $830,917 $1,202,727 Securities (gains)/losses, net of tax (308,244) (146,588) Net income excluding net securities (gains) /losses, net of tax 522,673 1,056,139 The Coca-Cola Company dividend, net of tax (29,477) (27,798) Net income/(loss) excluding net securities (gains)/losses and The Coca-Cola Company dividend 493,196 1,028,341 Preferred dividends 12,089 14,882 Net income/(loss) available to common shareholders excluding net securities (gains)/losses and The Coca-Cola Company dividend $481,107 $1,013,459 Total average assets $176,232,836 $180,747,241 Average net unrealized securities gains (2,374,957) (2,352,236) Average assets less net unrealized securities gains $173,857,879 $178,395,005 Total average common shareholders' equity 17,577,470 $17,324,815 Average accumulated other comprehensive income (1,510,866) (1,140,856) Total average realized common shareholders' equity $16,066,604 $16,183,959 Return on average total assets 0.95% 1.34% Impact of excluding net realized and unrealized securities (gains)/losses and The Coca-Cola Company dividend (0.38) (0.18) Return on average total assets less net unrealized securities gains (1) 0.57% 1.16% Return on average common shareholders' equity 9.37% 13.83% Impact of excluding net realized and unrealized securities (gains)/losses and The Coca-Cola Company dividend (3.35) (1.20) Return on average realized common shareholders' equity (2) 6.02% 12.63% Efficiency ratio (3) 54.60% 56.00% Impact of excluding amortization/impairment of intangible assets other than MSRs (1.77) (1.09) Tangible efficiency ratio (4) 52.83% 54.91% Total shareholders' equity Goodwill Other intangible assets including MSRs MSRs Tangible equity Total assets Goodwill Other intangible assets including MSRs MSRs Tangible assets Tangible equity to tangible assets (5) Net interest income $2,296,583 $2,359,843 Taxable-equivalent adjustment 56,231 48,381 Net interest income - FTE 2,352,814 2,408,224 Noninterest income 2,470,512 2,033,528 Total revenue - FTE 4,823,326.00 4,441,752.00 Securities (gains)/losses, net (489,201) (236,432) Total revenue - FTE excluding securities (gains)/losses, net (6) $4,334,125 $4,205,320 CALCULATION OF PRO FORMA TIER 1 CAPITAL Estimated Tier 1 Capital Impact of July 15, 2008 Tier 1 Coca- Cola Company Agreements Impact of July charitable gift to SunTrust Foundation Pro forma Tier 1 Capital 1) SunTrust 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 33.6 million shares of The Coca-Cola Company as of June 30, 2008. 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 customer relationship and customer transaction driven. The return on average assets less net unrealized gains on securities is computed by dividing annualized net income, excluding securities gains/losses and The Coca-Cola Company dividend, net of tax, by average assets less net unrealized securities gains. 2) The Company 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 available to common shareholders, excluding securities gains/losses and The Coca-Cola Company dividend, net of tax, by average realized common shareholders' equity. 3) Computed by dividing noninterest expense by total revenue - FTE. The efficiency ratios are presented on an 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. 4) SunTrust presents a tangible efficiency ratio which excludes the amortization/impairment 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. 5) SunTrust presents a tangible equity to tangible assets ratio that excludes the 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. 6) SunTrust presents total revenue-FTE excluding realized securities (gains)/losses, net. The Company believes noninterest income without net securities (gains)/losses is more indicative of the Company's performance because it isolates income that is primarily customer relationship and customer transaction driven and is more indicative of normalized operations. SunTrust Banks, Inc. and Subsidiaries QUARTER-TO-QUARTER COMPARISON - ACTUAL APPENDIX B TO THE EARNINGS RELEASE (Dollars in thousands) (Unaudited) Three Months Ended Sequential Increase/ Annualized June 30 March 31 (Decrease)(2) (1,2) 2008 2008 Amount % % STATEMENTS OF INCOME NET INTEREST INCOME $1,156,716 $1,139,867 $16,849 1.5% 5.9% Provision for loan losses 448,027 560,022 (111,995) (20.0) (80.0) NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 708,689 579,845 128,844 22.2 88.9 NONINTEREST INCOME Service charges on deposit accounts 230,296 211,839 18,457 8.7 34.9 Trust and investment management income 157,319 161,102 (3,783) (2.3) (9.4) Retail investment services 73,764 72,300 1,464 2.0 8.1 Other charges and fees 129,581 127,231 2,350 1.8 7.4 Investment banking income 60,987 55,420 5,567 10.0 40.2 Trading account profits/(losses) and commissions (49,306) 28,218 (77,524) NM NM Card fees 78,566 73,761 4,805 6.5 26.1 Mortgage production related income 63,508 85,549 (22,041) (25.8) NM Mortgage servicing related income 32,548 29,098 3,450 11.9 47.4 Net gain on sale/ leaseback of premises - 37,039 (37,039) (100.0) NM Net gain on sale or merger of Lighthouse interests - 89,390 (89,390) (100.0) NM Gain on Visa IPO - 86,305 (86,305) (100.0) NM Gain on sale of First Mercantile 29,648 - 29,648 NM - Other noninterest income 56,312 60,836 (4,524) (7.4) (29.7) Securities gains/ (losses), net 549,787 (60,586) 610,373 NM NM Total noninterest income 1,413,010 1,057,502 355,508 33.6 NM NONINTEREST EXPENSE Employee compensation and benefits 711,957 715,083 (3,126) (0.4) (1.7) Net occupancy expense 85,483 86,441 (958) (1.1) (4.4) Outside processing and software 107,205 109,165 (1,960) (1.8) (7.2) Equipment expense 50,991 52,395 (1,404) (2.7) (10.7) Marketing and customer development 47,203 55,703 (8,500) (15.3) (61.0) Amortization/impairment of intangible assets 64,735 20,715 44,020 NM NM Net loss on extinguishment of debt - 11,723 (11,723) (100.0) NM Visa litigation - (39,124) 39,124 100.0 NM Other noninterest expense 310,959 243,043 67,916 27.9 NM Total noninterest expense 1,378,533 1,255,144 123,389 9.8 39.3 INCOME BEFORE PROVISION FOR INCOME TAXES 743,166 382,203 360,963 94.4 NM Provision for income taxes 202,804 91,648 111,156 NM NM NET INCOME 540,362 290,555 249,807 86.0 NM Preferred dividends 5,112 6,977 (1,865) (26.7) NM NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $535,250 $283,578 $251,672 88.7 NM REVENUE Net interest income $1,156,716 $1,139,867 $16,849 1.5% 5.9% Taxable-equivalent adjustment 28,256 27,975 281 1.0 4.0 Net interest income - FTE 1,184,972 1,167,842 17,130 1.5 5.9 Noninterest income 1,413,010 1,057,502 355,508 33.6 NM Total revenue - FTE 2,597,982 2,225,344 372,638 16.7 67.0 SELECTED AVERAGE BALANCES (Dollars in millions) Average loans Commercial-FTE $37,600 $36,375 $1,225 3.4% 13.5% Real estate home equity lines 14,980 14,603 377 2.6 10.3 Real estate construction 11,472 12,450 (978) (7.9) (31.4) Real estate 1-4 family 32,114 32,440 (326) (1.0) (4.0) Real estate commercial 13,877 13,113 764 5.8 23.3 Credit card 816 774 42 5.4 21.5 Consumer - direct 4,382 4,063 319 7.9 31.4 Consumer - indirect 7,437 7,646 (209) (2.7) (10.9) Nonaccrual and restructured 2,514 1,799 715 39.8 NM Total loans $125,192 $123,263 $1,929 1.6% 6.3% Average deposits Noninterest bearing deposits $21,346 $20,616 $730 3.5% 14.2% NOW accounts 21,762 21,981 (219) (1.0) (4.0) Money market accounts 26,032 25,343 689 2.7 10.9 Savings 3,939 3,917 22 0.6 2.3 Consumer and other time 28,648 29,311 (663) (2.3) (9.1) Total consumer and commercial deposits 101,727 101,168 559 0.6 2.2 Brokered and foreign deposits 15,068 15,469 (401) (2.6) (10.4) Total deposits $116,795 $116,637 $158 0.1% 0.5% SELECTED CREDIT DATA (Dollars in thousands) Nonaccrual loans $2,625,328 $2,037,960 $587,368 28.8% NM% Restructured loans 163,358 30,787 132,571 NM NM Total nonperforming loans 2,788,686 2,068,747 719,939 34.8 NM Other real estate owned (OREO) 335,747 244,906 90,840 37.1 NM Other repossessed assets 13,203 6,340 6,863 NM NM Total nonperforming assets $3,137,636 $2,319,993 $817,643 35.2% NM% Allowance for loan and lease losses $1,829,400 $1,545,340 $284,060 18.4% 73.5% Increase/ June 30 June 30 (Decrease)(2) 2008 2007 Amount % STATEMENTS OF INCOME NET INTEREST INCOME $1,156,716 $1,195,284 ($38,568) (3.2)% Provision for loan losses 448,027 104,680 343,347 NM NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 708,689 1,090,604 (381,915) (35.0) NONINTEREST INCOME Service charges on deposit accounts 230,296 196,844 33,452 17.0 Trust and investment management income 157,319 164,620 (7,301) (4.4) Retail investment services 73,764 71,785 1,979 2.8 Other charges and fees 129,581 118,358 11,223 9.5 Investment banking income 60,987 61,999 (1,012) (1.6) Trading account profits/ (losses) and commissions (49,306) 16,437 (65,743) NM Card fees 78,566 68,580 9,986 14.6 Mortgage production related income 63,508 64,322 (814) (1.3) Mortgage servicing related income 32,548 45,527 (12,979) (28.5) Net gain on sale/leaseback of premises - - - NM Net gain on sale or merger of Lighthouse interests - - - NM Gain on Visa IPO - - - NM Gain on sale of First Mercantile 29,648 - 29,648 NM Other noninterest income 56,312 109,738 (53,426) (48.7) Securities gains/(losses), net 549,787 236,412 313,375 NM Total noninterest income 1,413,010 1,154,622 258,388 22.4 NONINTEREST EXPENSE Employee compensation and benefits 711,957 710,613 1,344 0.2 Net occupancy expense 85,483 84,650 833 1.0 Outside processing and software 107,205 100,730 6,475 6.4 Equipment expense 50,991 53,823 (2,832) (5.3) Marketing and customer development 47,203 43,326 3,877 8.9 Amortization/impairment of intangible assets 64,735 24,904 39,831 NM Net loss on extinguishment of debt - - - NM Visa litigation - - - NM Other noninterest expense 310,959 233,148 77,811 33.4 Total noninterest expense 1,378,533 1,251,194 127,339 10.2 INCOME BEFORE PROVISION FOR INCOME TAXES 743,166 994,032 (250,866) (25.2) Provision for income taxes 202,804 312,601 (109,797) (35.1) NET INCOME 540,362 681,431 (141,069) (20.7) Preferred dividends 5,112 7,519 (2,407) (32.0) NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $535,250 $673,912 ($138,662) (20.6) REVENUE Net interest income $1,156,716 $1,195,284 ($38,568) (3.2)% Taxable-equivalent adjustment 28,256 24,668 3,588 14.5 Net interest income - FTE 1,184,972 1,219,952 (34,980) (2.9) Noninterest income 1,413,010 1,154,622 258,388 22.4 Total revenue - FTE 2,597,982 2,374,574 223,408 9.4 SELECTED AVERAGE BALANCES (Dollars in millions) Average loans Commercial-FTE $37,600 $33,608 $3,992 11.9% Real estate home equity lines 14,980 13,850 1,130 8.2 Real estate construction 11,472 13,710 (2,238) (16.3) Real estate 1-4 family 32,114 30,754 1,360 4.4 Real estate commercial 13,877 12,732 1,145 9.0 Credit card 816 404 412 NM Consumer - direct 4,382 4,347 35 0.8 Consumer - indirect 7,437 8,064 (627) (7.8) Nonaccrual and restructured 2,514 696 1,818 NM Total loans $125,192 $118,165 $7,027 5.9% Average deposits Noninterest bearing deposits $21,346 $22,396 ($1,050) (4.7)% NOW accounts 21,762 20,066 1,696 8.5 Money market accounts 26,032 21,773 4,259 19.6 Savings 3,939 4,787 (848) (17.7) Consumer and other time 28,648 28,905 (257) (0.9) Total consumer and commercial deposits 101,727 97,927 3,800 3.9 Brokered and foreign deposits 15,068 23,983 (8,915) (37.2) Total deposits $116,795 $121,910 ($5,115) (4.2)% SELECTED CREDIT DATA (Dollars in thousands) Nonaccrual loans $2,625,328 $736,800 $1,888,528 NM% Restructured loans 163,358 27,816 135,542 NM Total nonperforming loans 2,788,686 764,616 2,024,070 NM Other real estate owned (OREO) 335,747 100,973 234,774 NM Other repossessed assets 13,203 7,250 5,953 82.1 Total nonperforming assets $3,137,636 $872,839 $2,264,796 NM% Allowance for loan and lease losses $1,829,400 $1,050,362 $779,038 74.2% 1) Multiply percentage change by 4 to calculate sequential annualized change. 2) "NM" - Not meaningful. Those changes over 100 percent were not considered to be meaningful. SunTrust Banks, Inc. and Subsidiaries YEAR-TO-DATE COMPARISON - ACTUAL APPENDIX B TO THE EARNINGS RELEASE, continued (Dollars in thousands) (Unaudited) Six Months Ended June 30 June 30 Increase/(Decrease) 2008 2007 Amount %(1) STATEMENTS OF INCOME NET INTEREST INCOME $2,296,583 $2,359,843 ($63,260) (2.7)% Provision for loan losses 1,008,049 161,121 846,928 NM NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 1,288,534 2,198,722 (910,188) (41.4) NONINTEREST INCOME Service charges on deposit accounts 442,135 385,879 56,256 14.6 Trust and investment management income 318,421 338,938 (20,517) (6.1) Retail investment services 146,064 135,328 10,736 7.9 Other charges and fees 256,812 236,495 20,317 8.6 Investment banking income 116,407 112,156 4,251 3.8 Trading account profits/ (losses) and commissions (21,088) 106,638 (127,726) NM Card fees 152,327 132,775 19,552 14.7 Mortgage production related income 149,057 55,667 93,390 NM Mortgage servicing related income 61,646 80,930 (19,284) (23.8) Gain on sale or merger of Lighthouse interests 89,390 32,340 57,050 NM Gain on Visa IPO 86,305 - 86,305 NM Gain of sale of First Mercantile 29,648 - 29,648 NM Net gain on sale/leaseback of premises 37,039 - 37,039 NM Other noninterest income 117,148 179,950 (62,802) (34.9) Net securities gains/(losses) 489,201 236,432 252,769 NM Total noninterest income 2,470,512 2,033,528 436,984 21.5 NONINTEREST EXPENSE Employee compensation and benefits 1,427,040 1,409,613 17,427 1.2 Net occupancy expense 171,924 170,907 1,017 0.6 Outside processing and software 216,370 200,406 15,964 8.0 Equipment expense 103,386 103,232 154 0.1 Marketing and customer development 102,906 89,031 13,875 15.6 Amortization/impairment of intangible assets 85,450 48,446 37,004 76.4 Loss on extinguishment of debt 11,723 - 11,723 NM VISA litigation (39,124) - (39,124) NM Other noninterest expense 554,002 465,556 88,446 19.0 Total noninterest expense 2,633,677 2,487,191 146,486 5.9 INCOME BEFORE PROVISION FOR INCOME TAXES 1,125,369 1,745,059 (619,690) (35.5) Provision for income taxes 294,452 542,332 (247,880) (45.7) NET INCOME 830,917 1,202,727 (371,810) (30.9) Preferred dividends 12,089 14,882 (2,793) (18.8) NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $818,828 $1,187,845 ($369,017) (31.1) REVENUE Net interest income $2,296,583 $2,359,843 ($63,260) (2.7)% Taxable-equivalent adjustment 56,231 48,381 7,850 16.2 Net interest income - FTE 2,352,814 2,408,224 (55,410) (2.3) Noninterest income 2,470,512 2,033,528 436,984 21.5 Total revenue - FTE $4,823,326 $4,441,752 $381,574 8.6 SELECTED AVERAGE BALANCES (Dollars in millions) Average loans Commercial-FTE $36,987 $33,819 $3,168 9.4 % Real estate home equity lines 14,792 13,794 998 7.2 Real estate construction 11,961 13,571 (1,610) (11.9) Real estate 1-4 family 32,277 32,413 (136) (0.4) Real estate commercial 13,495 12,781 714 5.6 Credit card 795 387 408 NM Consumer - direct 4,223 4,284 (61) (1.4) Consumer - indirect 7,541 8,115 (574) (7.1) Nonaccrual and restructured 2,156 667 1,489 NM Total loans $124,227 $119,831 $4,396 3.7 % Average deposits Noninterest bearing deposits $20,981 $22,166 ($1,185) (5.3)% NOW accounts 21,872 19,944 1,928 9.7 Money market accounts 25,687 21,930 3,757 17.1 Savings 3,928 4,905 (977) (19.9) Consumer and other time 28,980 28,915 65 0.2 Total consumer and commercial deposits 101,448 97,860 3,588 3.7 Brokered and foreign deposits 15,268 25,341 (10,073) (39.7) Total deposits $116,716 $123,201 ($6,485) (5.3)% (1) "NM" - Not meaningful. Those changes over 100 percent were not considered to be meaningful. SunTrust Banks, Inc. and Subsidiaries RETAIL AND COMMERCIAL LINE OF BUSINESS (Dollars in thousands) (Unaudited) Three Months Ended June 30 June 30 % 2008 2007 Change(3) Statements of Income Net interest income(1) $642,474 $707,200 (9.2)% FTE adjustment 8,501 9,311 (8.7) Net interest income - FTE 650,975 716,511 (9.1) Provision for loan losses(2) 182,607 56,688 NM Net interest income after provision for loan losses - FTE 468,368 659,823 (29.0) Noninterest income before securities gains/(losses) 345,051 301,239 14.5 Securities gains/(losses), net - - - Total noninterest income 345,051 301,239 14.5 Noninterest expense before amortization of intangible assets 628,203 631,498 (0.5) Amortization of intangible assets 14,218 17,245 (17.6) Total noninterest expense 642,421 648,743 (1.0) Income before provision for income taxes 170,998 312,319 (45.2) Provision for income taxes 51,805 103,461 (49.9) FTE adjustment 8,501 9,311 (8.7) Net income $110,692 $199,547 (44.5) Total revenue - FTE $996,026 $1,017,750 (2.1) Selected Average Balances Total loans $51,396,999 $51,467,349 (0.1)% Goodwill 6,139,892 6,139,260 - Other intangible assets excluding MSRs 161,459 211,917 (23.8) Total assets 59,161,979 58,994,607 0.3 Total deposits 81,174,182 80,574,355 0.7 Performance Ratios Efficiency ratio 64.50 % 63.74 % Impact of excluding amortization of intangible assets (5.67) (5.63) Tangible efficiency ratio 58.83 % 58.11 % Six Months Ended June 30 June 30 % 2008 2007 Change(3) Statements of Income Net interest income(1) $1,262,592 $1,410,714 (10.5)% FTE adjustment 17,233 18,760 (8.1) Net interest income - FTE 1,279,825 1,429,474 (10.5) Provision for loan losses(2) 363,349 105,382 NM Net interest income after provision for loan losses - FTE 916,476 1,324,092 (30.8) Noninterest income before securities gains/(losses) 669,012 597,563 12.0 Securities gains/(losses), net - 3 (100.0) Total noninterest income 669,012 597,566 12.0 Noninterest expense before amortization of intangible assets 1,241,367 1,256,558 (1.2) Amortization of intangible assets 29,159 36,017 (19.0) Total noninterest expense 1,270,526 1,292,575 (1.7) Income before provision for income taxes 314,962 629,083 (49.9) Provision for income taxes 93,488 208,992 (55.3) FTE adjustment 17,233 18,760 (8.1) Net income $204,241 $401,331 (49.1) Total revenue - FTE $1,948,837 $2,027,040 (3.9) Selected Average Balances Total loans $50,891,138 $51,224,362 (0.7)% Goodwill 6,142,224 6,136,539 0.1 Other intangible assets excluding MSRs 163,579 221,153 (26.0) Total assets 58,701,307 58,896,038 (0.3) Total deposits 80,975,187 80,824,425 0.2 Performance Ratios Efficiency ratio 65.19% 63.77% Impact of excluding amortization of intangible assets (5.83) (5.71) Tangible efficiency ratio 59.36% 58.06% (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 shareholders' equity is not allocated to the lines of business at this time. (2) Provision for loan 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. SunTrust Banks, Inc. and Subsidiaries WHOLESALE BANKING LINE OF BUSINESS (Dollars in thousands) (Unaudited) Three Months Ended June 30 June 30 % 2008 2007 Change(3) Statements of Income Net interest income(1) $116,384 $135,679 (14.2)% FTE adjustment 15,259 11,078 37.7 Net interest income - FTE 131,643 146,757 (10.3) Provision for loan losses(2) 10,981 15,587 (29.6) Net interest income after provision for loan losses - FTE 120,662 131,170 (8.0) Noninterest income before securities gains/(losses) 184,732 225,602 (18.1) Securities gains/(losses), net - - - Total noninterest income 184,732 225,602 (18.1) Noninterest expense before amortization of intangible assets 200,550 195,636 2.5 Amortization of intangible assets 122 122 - Total noninterest expense 200,672 195,758 2.5 Income before provision for income taxes 104,722 161,014 (35.0) Provision for income taxes 14,617 31,227 (53.2) FTE adjustment 15,259 11,078 37.7 Net income $74,846 $118,709 (37.0) Total revenue - FTE $316,375 $372,359 (15.0) Selected Average Balances Total loans $33,753,195 $28,820,686 17.1 % Goodwill 168,129 168,149 - Other intangible assets excluding MSRs 681 1,157 (41.1) Total assets 44,737,435 38,291,705 16.8 Total deposits 9,093,065 4,703,473 93.3 Performance Ratios Efficiency ratio 63.43 % 52.57 % Impact of excluding amortization of intangible assets (0.42) (0.29)