/FIRST ADD -- CLTU045 -- SunTrust Banks, Inc./

SunTrust Banks, Inc. and Subsidiaries
FINANCIAL HIGHLIGHTS
(Dollars in millions, except per share data) (Unaudited)

Three Months Ended
June 30 %
2008 2007 Change

EARNINGS & DIVIDENDS
Net income $540.4 $681.4 (20.7)%
Net income available to common
shareholders 535.3 673.9 (20.6)
Total revenue - FTE (2) 2,598.0 2,374.6 9.4
Total revenue - FTE excluding
securities (gains)/losses, net (1) 2,048.2 2,138.2 (4.2)
Net income per average common share
Diluted 1.53 1.89 (19.0)
Basic 1.53 1.91 (19.9)
Dividends paid per average common
share 0.77 0.73 5.5

CONDENSED BALANCE SHEETS
Selected Average Balances
Total assets $175,549 $179,996 (2.5)%
Earning assets 152,483 157,594 (3.2)
Loans 125,192 118,165 5.9
Consumer and commercial deposits 101,727 97,927 3.9
Brokered and foreign deposits 15,068 23,983 (37.2)
Total shareholders' equity 18,093 17,928 0.9

As of
Total assets 177,414 180,314 (1.6)
Earning assets 154,716 157,095 (1.5)
Loans 125,825 118,788 5.9
Allowance for loan and lease losses 1,829 1,050 74.2
Consumer and commercial deposits 102,434 97,822 4.7
Brokered and foreign deposits 17,326 25,069 (30.9)
Total shareholders' equity 17,907 17,369 3.1

FINANCIAL RATIOS & OTHER DATA
Return on average total assets 1.24 % 1.52 % (18.4)%
Return on average assets less net
unrealized securities gains (1) 0.42 1.18 (64.4)
Return on average common
shareholders' equity 12.24 15.51 (21.1)
Return on average realized common
shareholders' equity (1) 4.36 12.71 (65.7)
Net interest margin (2) 3.13 3.10 1.0
Efficiency ratio (2) 53.06 52.69 0.7
Tangible efficiency ratio (1) 50.57 51.64 (2.1)
Effective tax rate 27.29 31.45 (13.2)
Tier 1 capital ratio 7.47 (3) 7.49 (0.3)
Total capital ratio 10.86 (3) 10.67 1.8
Tier 1 leverage ratio 7.55 (3) 7.11 6.2
Total average shareholders' equity to
total average assets 10.31 9.96 3.5
Tangible equity to tangible assets (1) 6.23 5.85 6.5

Full-time equivalent employees 31,602 33,241 (4.9)
Number of ATMs 2,506 2,533 (1.1)
Full service banking offices 1,699 1,685 0.8
Traditional 1,374 1,338 2.7
In-store 325 347 (6.3)

Book value per common share $49.24 $48.33 1.9
Market price:
High 60.80 94.18 (35.4)
Low 32.34 78.16 (58.6)
Close 36.22 85.74 (57.8)
Market capitalization 12,805 29,928 (57.2)

Average common shares outstanding
(000s)
Diluted 349,783 356,008 (1.7)
Basic 348,714 351,987 (0.9)

Six Months Ended
June 30 %
2008 2007 Change

EARNINGS & DIVIDENDS
Net income $830.9 $1,202.7 (30.9)%
Net income available to common
shareholders 818.8 1,187.8 (31.1)
Total revenue - FTE (2) 4,823.3 4,441.7 8.6
Total revenue - FTE excluding
securities (gains)/losses, net (1) 4,334.1 4,205.3 3.1
Net income per average common share
Diluted 2.35 3.33 (29.4)
Basic 2.36 3.37 (30.0)
Dividends paid per average common
share 1.54 1.46 5.5

CONDENSED BALANCE SHEETS
Selected Average Balances
Total assets $176,233 $180,747 (2.5)%
Earning assets 152,743 158,529 (3.6)
Loans 124,227 119,831 3.7
Consumer and commercial deposits 101,448 97,860 3.7
Brokered and foreign deposits 15,268 25,341 (39.7)
Total shareholders' equity 18,077 17,825 1.4

As of
Total assets
Earning assets
Loans
Allowance for loan and lease losses
Consumer and commercial deposits
Brokered and foreign deposits
Total shareholders' equity

FINANCIAL RATIOS & OTHER DATA
Return on average total assets 0.95 % 1.34 % (29.1)%
Return on average assets less net
unrealized securities gains (1) 0.57 1.16 (50.9)
Return on average common
shareholders' equity 9.37 13.83 (32.2)
Return on average realized common
shareholders' equity (1) 6.02 12.63 (52.3)
Net interest margin (2) 3.10 3.06 1.3
Efficiency ratio (2) 54.60 56.00 (2.5)
Tangible efficiency ratio (1) 52.83 54.91 (3.8)
Effective tax rate 26.16 31.08 (15.8)
Tier 1 capital ratio
Total capital ratio
Tier 1 leverage ratio
Total average shareholders' equity to
total average assets 10.26 9.86 4.0
Tangible equity to tangible assets (1)

Full-time equivalent employees
Number of ATMs
Full service banking offices
Traditional
In-store

Book value per common share
Market price:
High 70.00 94.18 (25.7)
Low 32.34 78.16 (58.6)
Close 36.22 85.74 (57.8)
Market capitalization

Average common shares outstanding
(000s)
Diluted 348,927 356,608 (2.2)
Basic 347,647 352,713 (1.4)

(1) See Appendix A and Appendix B 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 capital, total capital and tier 1 leverage
ratios are estimated as of the earnings release date.

SunTrust Banks, Inc. and Subsidiaries
FIVE QUARTER FINANCIAL HIGHLIGHTS
(Dollars in millions, except per share data) (Unaudited)

Three Months Ended
June 30 March 31
2008 2008

EARNINGS & DIVIDENDS
Net income $540.4 $290.6
Net income available to common
shareholders 535.3 283.6
Total revenue - FTE (2) 2,598.0 2,225.3
Total revenue - FTE excluding
securities (gains)/losses, net (1) 2,048.2 2,285.9
Net income per average common share
Diluted 1.53 0.81
Basic 1.53 0.82
Dividends paid per average common share 0.77 0.77

CONDENSED BALANCE SHEETS
Selected Average Balances
Total assets $175,549 $176,917
Earning assets 152,483 153,004
Loans 125,192 123,263
Consumer and commercial deposits 101,727 101,168
Brokered and foreign deposits 15,068 15,469
Total shareholders' equity 18,093 18,062

As of
Total assets 177,414 178,987
Earning assets 154,716 152,715
Loans 125,825 123,713
Allowance for loan and lease losses 1,829 1,545
Consumer and commercial deposits 102,434 103,432
Brokered and foreign deposits 17,326 12,747
Total shareholders' equity 17,907 18,431

FINANCIAL RATIOS & OTHER DATA
Return on average total assets 1.24 % 0.66 %
Return on average assets less net
unrealized securities gains (1) 0.42 0.72
Return on average common shareholders' equity 12.24 6.49
Return on average realized common
shareholders' equity (1) 4.36 7.69
Net interest margin (2) 3.13 3.07
Efficiency ratio (2) 53.06 56.40
Tangible efficiency ratio (1) 50.57 55.47
Effective tax rate 27.29 23.98
Tier 1 capital ratio 7.47 (3) 7.23
Total capital ratio 10.86 (3) 10.97
Tier 1 leverage ratio 7.55 (3) 7.22
Total average shareholders' equity to
total average assets 10.31 10.21
Tangible equity to tangible assets (1) 6.23 6.53

Full-time equivalent employees 31,602 31,745
Number of ATMs 2,506 2,509
Full service banking offices 1,699 1,678
Traditional 1,374 1,343
In-store 325 335

Book value per common share $49.24 $51.26
Market price:
High 60.80 70.00
Low 32.34 52.94
Close 36.22 55.14
Market capitalization 12,805 19,290

Average common shares outstanding (000s)
Diluted 349,783 348,072
Basic 348,714 346,581

Three Months Ended
December 31 September 30 June 30
2007 2007 2007

EARNINGS & DIVIDENDS
Net income $11.1 $420.2 $681.4
Net income available to common
shareholders 3.3 412.6 673.9
Total revenue - FTE (2) 1,770.8 2,038.3 2,374.6
Total revenue - FTE excluding
securities (gains)/losses, net (1) 1,765.1 2,037.4 2,138.2
Net income per average common share
Diluted 0.01 1.18 1.89
Basic 0.01 1.19 1.91
Dividends paid per average common share 0.73 0.73 0.73

CONDENSED BALANCE SHEETS
Selected Average Balances
Total assets $175,130 $174,653 $179,996
Earning assets 151,541 152,328 157,594
Loans 121,094 119,559 118,165
Consumer and commercial deposits 99,649 96,708 97,927
Brokered and foreign deposits 15,717 21,140 23,983
Total shareholders' equity 18,033 17,550 17,928

As of
Total assets 179,574 175,857 180,314
Earning assets 154,397 151,229 157,095
Loans 122,319 120,748 118,788
Allowance for loan and lease losses 1,283 1,094 1,050
Consumer and commercial deposits 101,870 98,834 97,822
Brokered and foreign deposits 15,973 17,026 25,069
Total shareholders' equity 18,053 17,907 17,369

FINANCIAL RATIOS & OTHER DATA
Return on average total assets 0.03 % 0.95 % 1.52 %
Return on average 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
Return on average realized common
shareholders' equity (1) (0.33) 9.86 12.71
Net interest margin (2) 3.13 3.18 3.10
Efficiency ratio (2) 82.19 63.35 52.69
Tangible efficiency ratio (1) 80.86 62.13 51.64
Effective tax rate (116.22) 26.68 31.45
Tier 1 capital ratio 6.93 7.44 7.49
Total capital ratio 10.30 10.72 10.67
Tier 1 leverage ratio 6.90 7.28 7.11
Total average shareholders' equity to
total average assets 10.30 10.05 9.96
Tangible equity to tangible assets (1) 6.28 6.32 5.85

Full-time equivalent employees 32,323 32,903 33,241
Number of ATMs 2,507 2,518 2,533
Full service banking offices 1,682 1,683 1,685
Traditional 1,343 1,339 1,338
In-store 339 344 347

Book value per common share $50.38 $50.01 $48.33
Market price:
High 78.76 90.47 94.18
Low 60.02 73.61 78.16
Close 62.49 75.67 85.74
Market capitalization 21,772 26,339 29,928

Average common shares outstanding
(000s)
Diluted 348,072 349,592 356,008
Basic 345,917 346,150 351,987

(1) See Appendix A and Appendix B 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 capital, total capital and tier 1 leverage
ratios are estimated as of the earnings release date.

SunTrust Banks, Inc. and Subsidiaries
CONSOLIDATED STATEMENTS OF INCOME
(Dollars in thousands, except per share data) (Unaudited)

Three Months Ended
June 30 Increase/(Decrease)(2)
2008 2007 Amount %

Interest income $2,066,365 $2,543,870 ($477,505) (18.8)%
Interest expense 909,649 1,348,586 (438,937) (32.5)
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)
Gain on Visa IPO - - - -
Net gain on sale or merger
of Lighthouse interests - - - -
Net gain on sale/leaseback
of premises - - - -
Net 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 - - - -
Visa litigation - - - -
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)

Net interest income - FTE(1) $1,184,972 $1,219,952 ($34,980) (2.9)

Net income per average
common share
Diluted 1.53 1.89 (0.36) (19.0)
Basic 1.53 1.91 (0.38) (19.9)

Cash dividends declared per
common share 0.77 0.73 0.04 5.5
Average common shares
outstanding (000s)
Diluted 349,783 356,008 (6,225) (1.7)
Basic 348,714 351,987 (3,273) (0.9)

Six Months Ended
June 30 Increase/(Decrease)(2)
2008 2007 Amount %

Interest income $4,324,697 $5,071,927 ($747,230) (14.7) %
Interest expense 2,028,114 2,712,084 (683,970) (25.2)
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 Visa IPO 86,305 - 86,305 NM
Net gain on sale or merger
of Lighthouse interests 89,390 32,340 57,050 NM
Net gain on sale/leaseback
of premises 37,039 - 37,039 NM
Net gain on sale of First
Mercantile 29,648 - 29,648 NM
Other noninterest income 117,148 179,950 (62,802) (34.9)
Securities gains/(losses),
net 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
Net 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)

Net interest income - FTE(1) $2,352,814 $2,408,224 ($55,410) (2.3)

Net income per average
common share
Diluted 2.35 3.33 (0.98) (29.4)
Basic 2.36 3.37 (1.01) (30.0)

Cash dividends declared per
common share 1.54 1.46 0.08 5.5
Average common shares
outstanding (000s)
Diluted 348,927 356,608 (7,681) (2.2)
Basic 347,647 352,713 (5,066) (1.4)

(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.
(2) "NM" - Not meaningful. Those changes over 100 percent were not
considered to be meaningful.

SunTrust Banks, Inc. and Subsidiaries
FIVE QUARTER CONSOLIDATED STATEMENTS OF INCOME
(Dollars in thousands, except per share data) (Unaudited)

Three Months Ended
June 30 March 31
2008 2008

Interest income $2,066,365 $2,258,332
Interest expense 909,649 1,118,465
NET INTEREST INCOME 1,156,716 1,139,867
Provision for loan losses 448,027 560,022
NET INTEREST INCOME AFTER
PROVISION FOR LOAN LOSSES 708,689 579,845

NONINTEREST INCOME
Service charges on deposit accounts 230,296 211,839
Trust and investment management income 157,319 161,102
Retail investment services 73,764 72,300
Other charges and fees 129,581 127,231
Investment banking income 60,987 55,420
Trading account profits/(losses) and
commissions (49,306) 28,218
Card fees 78,566 73,761
Mortgage production related income 63,508 85,549
Mortgage servicing related income 32,548 29,098
Gain on Visa IPO - 86,305
Net gain on sale or merger of Lighthouse
interests - 89,390
Net gain on sale/leaseback of premises - 37,039
Net gain on sale of First Mercantile 29,648 -
Other noninterest income 56,312 60,836
Securities gains/(losses), net 549,787 (60,586)
Total noninterest income 1,413,010 1,057,502

NONINTEREST EXPENSE
Employee compensation and benefits 711,957 715,083
Net occupancy expense 85,483 86,441
Outside processing and software 107,205 109,165
Equipment expense 50,991 52,395
Marketing and customer development 47,203 55,703
Amortization/impairment of intangible
assets 64,735 20,715
Net loss on extinguishment of debt - 11,723
Visa litigation - (39,124)
Other noninterest expense 310,959 243,043
Total noninterest expense 1,378,533 1,255,144

INCOME/(LOSS) BEFORE PROVISION/(BENEFIT)
FOR INCOME TAXES 743,166 382,203
Provision/(benefit) for income taxes 202,804 91,648
Net income 540,362 290,555
Preferred dividends 5,112 6,977
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $535,250 $283,578

Net interest income - FTE (1) $1,184,972 $1,167,842

Net income per average common share
Diluted 1.53 0.81
Basic 1.53 0.82

Cash dividends declared per common share 0.77 0.77
Average common shares outstanding (000s)
Diluted 349,783 348,072
Basic 348,714 346,581

Three Months Ended
December 31 September 30 June 30
2007 2007 2007

Interest income $2,448,701 $2,515,292 $2,543,870
Interest expense 1,281,188 1,323,104 1,348,586
NET INTEREST INCOME 1,167,513 1,192,188 1,195,284
Provision for loan losses 356,781 147,020 104,680
NET INTEREST INCOME AFTER
PROVISION FOR LOAN LOSSES 810,732 1,045,168 1,090,604

NONINTEREST INCOME
Service charges on deposit accounts 222,213 213,939 196,844
Trust and investment management
income 170,854 175,242 164,620
Retail investment services 71,650 71,064 71,785
Other charges and fees 121,849 120,730 118,358
Investment banking income 55,041 47,688 61,999
Trading account profits/(losses)
and commissions (437,162) (31,187) 16,437
Card fees 77,481 70,450 68,580
Mortgage production related income 22,366 12,950 64,322
Mortgage servicing related income 57,364 57,142 45,527
Gain on Visa IPO - - -
Net gain on sale or merger of
Lighthouse interests - - -
Net gain on sale/leaseback of premises 118,840 - -
Net gain on sale of First
Mercantile - - -
Other noninterest income 89,827 80,130 109,738
Securities gains/(losses), net 5,694 991 236,412
Total noninterest income 576,017 819,139 1,154,622

NONINTEREST EXPENSE
Employee compensation and benefits 682,810 677,765 710,613
Net occupancy expense 92,705 87,626 84,650
Outside processing and software 105,407 105,132 100,730
Equipment expense 51,734 51,532 53,823
Marketing and customer development 59,115 46,897 43,326
Amortization/impairment of
intangible assets 23,414 24,820 24,904
Net loss on extinguishment of debt - 9,800 -
Visa litigation 76,930 - -
Other noninterest expense 363,226 287,673 233,148
Total noninterest expense 1,455,341 1,291,245 1,251,194

INCOME/(LOSS) BEFORE PROVISION/(BENEFIT)
FOR INCOME TAXES (68,592) 573,062 994,032
Provision/(benefit) for income taxes (79,716) 152,898 312,601
Net income 11,124 420,164 681,431
Preferred dividends 7,867 7,526 7,519
NET INCOME AVAILABLE TO COMMON
SHAREHOLDERS $3,257 $412,638 $673,912

Net interest income - FTE (1) $1,194,757 $1,219,243 $1,219,952

Net income per average common share
Diluted 0.01 1.18 1.89
Basic 0.01 1.19 1.91

Cash dividends declared per common share 0.73 0.73 0.73
Average common shares outstanding (000s)
Diluted 348,072 349,592 356,008
Basic 345,917 346,150 351,987

(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.

SunTrust Banks, Inc. and Subsidiaries
CONSOLIDATED BALANCE SHEETS
(Dollars in thousands) (Unaudited)

As of June 30 Increase/(Decrease)(3)
2008 2007 Amount %

ASSETS
Cash and due from banks $3,564,824 $4,254,430 ($689,606) (16.2)%
Interest-bearing deposits
in other banks 22,566 25,991 (3,425) (13.2)
Funds sold and securities
purchased under
agreements to resell 1,920,276 1,143,995 776,281 67.9
Trading assets 10,327,795 13,044,972 (2,717,177) (20.8)
Securities available
for sale (1) 15,118,073 14,725,957 392,116 2.7
Loans held for sale
(loans at fair value:
$3,743,620 as of June 30,
2008; $6,494,602 as of
June 30, 2007) 5,260,892 12,474,932 (7,214,040) (57.8)
Loans (loans at fair
value: $352,344 as of
June 30, 2008; $0 as of
June 30, 2007)
Commercial 38,800,537 34,362,837 4,437,700 12.9
Real estate:
Home equity lines 15,726,998 14,303,659 1,423,339 10.0
Construction 12,542,775 14,417,949 (1,875,174) (13.0)
Residential mortgages 32,509,029 30,759,216 1,749,813 5.7
Commercial real estate 13,693,933 12,416,329 1,277,604 10.3
Consumer:
Direct 4,528,576 4,391,739 136,837 3.1
Indirect 7,077,510 7,739,369 (661,859) (8.6)
Credit card 945,446 396,624 548,822 NM
Total loans 125,824,804 118,787,722 7,037,082 5.9
Allowance for loan and
lease losses (1,829,400) (1,050,362) 779,038 74.2
Net loans 123,995,404 117,737,360 6,258,044 5.3
Goodwill 7,056,015 6,897,050 158,965 2.3
Other intangible assets 1,442,056 1,290,460 151,596 11.7
Other real estate owned 334,519 100,973 233,546 NM
Other assets (IRLCs and
mortgage derivatives at
fair value:
$95,251 as of June 30,
2008; $114,738 as of
June 30, 2007) 8,371,081 8,618,252 (247,171) (2.9)
Total assets (2) $177,413,501 $180,314,372 ($2,900,871) (1.6)

LIABILITIES
Noninterest-bearing
consumer and commercial
deposits $22,184,774 $22,725,654 ($540,880) (2.4)%
Interest-bearing
consumer and
commercial deposits:
NOW accounts 21,612,407 20,255,930 1,356,477 6.7
Money market accounts 26,016,859 21,645,616 4,371,243 20.2
Savings 3,990,277 4,698,516 (708,239) (15.1)
Consumer time 16,582,510 16,745,010 (162,500) (1.0)
Other time 12,046,718 11,751,246 295,472 2.5
Total consumer
and commercial
deposits 102,433,545 97,821,972 4,611,573 4.7
Brokered deposits
(CDs at fair value:
$547,295 as of June 30,
2008; $282,889 as of
June 30, 2007) 12,787,957 16,659,978 (3,872,021) (23.2)
Foreign deposits 4,538,435 8,408,752 (3,870,317) (46.0)
Total deposits 119,759,937 122,890,702 (3,130,765) (2.5)
Funds purchased 3,063,696 3,405,459 (341,763) (10.0)
Securities sold under
agreements to repurchase 5,156,986 6,081,096 (924,110) (15.2)
Other short-term
borrowings 2,682,808 2,083,518 599,290 28.8
Long-term debt (debt
at fair value: $7,078,574
as of June 30, 2008;
$6,757,188 as of June 30,
2007) 21,327,576 20,604,933 722,643 3.5
Trading liabilities 2,430,521 2,156,279 274,242 12.7
Other liabilities
(IRLCs and mortgage
derivatives at fair value:
$49,573 as of June 30,
2008; $57,417 as of
June 30, 2007) 5,084,825 5,723,532 (638,707) (11.2)
Total liabilities 159,506,349 162,945,519 (3,439,170) (2.1)

SHAREHOLDERS' EQUITY
Preferred stock, no
par value 500,000 500,000 - -
Common stock, $1.00 par
value 372,799 370,578 2,221 0.6
Additional paid in
capital 6,799,935 6,589,387 210,548 3.2
Retained earnings 10,924,650 10,739,449 185,201 1.7
Treasury stock, at cost,
and other (1,612,167) (1,751,449) (139,282) (8.0)
Accumulated other
comprehensive income,
net of tax 921,935 920,888 1,047 0.1
Total shareholders'
equity 17,907,152 17,368,853 538,299 3.1

Total liabilities
and shareholders'
equity $177,413,501 $180,314,372 ($2,900,871) (1.6)

Common shares
outstanding 353,542,105 349,052,800 4,489,305 1.3
Common shares
authorized 750,000,000 750,000,000 - -
Preferred shares
outstanding 5,000 5,000 - -
Preferred shares
authorized 50,000,000 50,000,000 - -
Treasury shares of
common stock 19,257,264 21,525,598 (2,268,334) (10.5)

(1) Includes net
unrealized gains of $1,655,504 $2,035,623 ($380,119) (18.7)%
(2) Includes earning
assets of 154,716,384 157,094,873 (2,378,489) (1.5)

(3) "NM" - Not meaningful. Those changes over 100 percent were not
considered to be meaningful.

SunTrust Banks, Inc. and Subsidiaries
FIVE QUARTER CONSOLIDATED BALANCE SHEETS
(Dollars in thousands) (Unaudited)

As of
June 30 March 31
2008 2008

ASSETS
Cash and due from banks $3,564,824 $3,994,267
Interest-bearing deposits in other banks 22,566 21,283
Funds sold and securities purchased
under agreements to resell 1,920,276 1,247,495
Trading assets 10,327,795 10,932,251
Securities available for sale (1) 15,118,073 15,882,088
Loans held for sale 5,260,892 6,977,289
Loans:
Commercial 38,800,537 37,306,872
Real estate:
Home equity lines 15,726,998 15,134,297
Construction 12,542,775 12,980,917
Residential mortgages 32,509,029 33,092,433
Commercial real estate 13,693,933 12,893,708
Consumer:
Direct 4,528,576 4,192,168
Indirect 7,077,510 7,305,213
Credit card 945,446 807,587
Total loans 125,824,804 123,713,195
Allowance for loan and lease losses (1,829,400) (1,545,340)
Net loans 123,995,404 122,167,855
Goodwill 7,056,015 6,923,033
Other intangible assets 1,442,056 1,430,268
Other real estate owned 334,519 244,906
Other assets 8,371,081 9,166,212
Total assets (2) $177,413,501 $178,986,947

LIABILITIES
Noninterest-bearing consumer and
commercial deposits $22,184,774 $22,325,750
Interest-bearing consumer and
commercial deposits:
NOW accounts 21,612,407 22,292,330
Money market accounts 26,016,859 25,843,396
Savings 3,990,277 3,990,007
Consumer time 16,582,510 16,876,836
Other time 12,046,718 12,104,125
Total consumer and
commercial deposits 102,433,545 103,432,444
Brokered deposits 12,787,957 11,034,332
Foreign deposits 4,538,435 1,712,504
Total deposits 119,759,937 116,179,280
Funds purchased 3,063,696 3,795,641
Securities sold under agreements to
repurchase 5,156,986 5,446,204
Other short-term borrowings 2,682,808 3,061,003
Long-term debt 21,327,576 23,602,919
Trading liabilities 2,430,521 2,356,037
Other liabilities 5,084,825 6,114,415
Total liabilities 159,506,349 160,555,499

SHAREHOLDERS' EQUITY
Preferred stock, no par value 500,000 500,000
Common stock, $1.00 par value 372,799 370,578
Additional paid in capital 6,799,935 6,682,828
Retained earnings 10,924,650 10,661,250
Treasury stock, at cost, and other (1,612,167) (1,692,117)
Accumulated other comprehensive
income, net of tax 921,935 1,908,909
Total shareholders' equity 17,907,152 18,431,448

Total liabilities and
shareholders' equity $177,413,501 $178,986,947

Common shares outstanding 353,542,105 349,832,264
Common shares authorized 750,000,000 750,000,000
Preferred shares outstanding 5,000 5,000
Preferred shares authorized 50,000,000 50,000,000
Treasury shares of common stock 19,257,264 20,746,134

(1) Includes net unrealized gains of $1,655,504 $2,835,823
(2) Includes earning assets of 154,716,384 152,714,700

As of
December 31 September 30 June 30
2007 2007 2007

ASSETS
Cash and due from banks $4,270,917 $4,162,456 $4,254,430
Interest-bearing deposits in
other banks 24,355 29,684 25,991
Funds sold and securities
purchased under agreements
to resell 1,347,329 968,553 1,143,995
Trading assets 10,518,379 9,566,806 13,044,972
Securities available for sale (1) 16,264,107 15,243,133 14,725,957
Loans held for sale 8,851,695 8,675,427 12,474,932
Loans:
Commercial 35,929,400 34,969,714 34,362,837
Real estate:
Home equity lines 14,911,598 14,598,774 14,303,659
Construction 13,776,651 14,358,990 14,417,949
Residential mortgages 32,779,744 31,603,884 30,759,216
Commercial real estate 12,609,543 12,487,309 12,416,329
Consumer:
Direct 3,963,869 4,419,290 4,391,739
Indirect 7,494,130 7,642,099 7,739,369
Credit card 854,059 668,353 396,624
Total loans 122,318,994 120,748,413 118,787,722
Allowance for loan and lease
losses (1,282,504) (1,093,691) (1,050,362)
Net loans 121,036,490 119,654,722 117,737,360
Goodwill 6,921,493 6,912,110 6,897,050
Other intangible assets 1,362,995 1,327,060 1,290,460
Other real estate owned 183,753 156,106 100,973
Other assets 8,792,420 9,161,172 8,618,252
Total assets (2) $179,573,933 $175,857,229 $180,314,372

LIABILITIES
Noninterest-bearing consumer and
commercial deposits $21,083,234 $20,857,240 $22,725,654
Interest-bearing consumer and
commercial deposits:
NOW accounts 22,558,374 20,319,435 20,255,930
Money market accounts 24,522,640 24,011,524 21,645,616
Savings 3,917,099 4,376,155 4,698,516
Consumer time 17,264,208 17,037,866 16,745,010
Other time 12,524,470 12,231,832 11,751,246
Total consumer and
commercial deposits 101,870,025 98,834,052 97,821,972
Brokered deposits 11,715,024 14,188,886 16,659,978
Foreign deposits 4,257,601 2,836,775 8,408,752
Total deposits 117,842,650 115,859,713 122,890,702
Funds purchased 3,431,185 1,512,054 3,405,459
Securities sold under agreements
to repurchase 5,748,277 5,548,486 6,081,096
Other short-term borrowings 3,021,358 2,971,761 2,083,518
Long-term debt 22,956,508 22,661,381 20,604,933
Trading liabilities 2,160,385 1,906,002 2,156,279
Other liabilities 6,361,052 7,490,585 5,723,532
Total liabilities 161,521,415 157,949,982 162,945,519

SHAREHOLDERS' EQUITY
Preferred stock, no par value 500,000 500,000 500,000
Common stock, $1.00 par value 370,578 370,578 370,578
Additional paid in capital 6,707,293 6,709,002 6,589,387
Retained earnings 10,646,640 10,897,059 10,739,449
Treasury stock, at cost, and
other (1,779,142) (1,821,360) (1,751,449)
Accumulated other comprehensive
income, net of tax 1,607,149 1,251,968 920,888
Total shareholders' equity 18,052,518 17,907,247 17,368,853

Total liabilities and
shareholders' equity $179,573,933 $175,857,229 $180,314,372

Common shares outstanding 348,411,163 348,073,971 349,052,800
Common shares authorized 750,000,000 750,000,000 750,000,000
Preferred shares
outstanding 5,000 5,000 5,000
Preferred shares authorized 50,000,000 50,000,000 50,000,000
Treasury shares of common
stock 22,167,235 22,504,427 21,525,598

(1) Includes net unrealized gains
of $2,724,643 $2,391,606 $2,035,623
(2) Includes earning assets of 154,397,231 151,228,575 157,094,873

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
June 30, 2008

Interest
Average Income/ Yields/
Balances Expense Rates
ASSETS
Loans:
Real estate 1-4 family $32,113.4 $507.0 6.32 %
Real estate construction 11,471.9 149.5 5.24
Real estate home equity lines 14,980.1 195.8 5.26
Real estate commercial 13,876.7 192.8 5.59
Commercial - FTE (1) 37,600.1 501.4 5.36
Credit card 816.0 5.4 2.62
Consumer - direct 4,382.4 63.4 5.82
Consumer - indirect 7,437.2 115.9 6.27
Nonaccrual and restructured 2,514.1 7.5 1.20
Total loans 125,191.9 1,738.7 5.59
Securities available for sale:
Taxable 11,769.6 186.0 6.32
Tax-exempt - FTE (1) 1,057.5 16.0 6.05
Total securities available for
sale - FTE (1) 12,827.1 202.0 6.30
Funds sold and securities purchased
under agreements to resell 1,331.1 6.7 2.00
Loans held for sale 5,148.5 72.5 5.63
Interest-bearing deposits 21.4 0.2 3.77
Interest earning trading assets 7,963.0 74.5 3.76
Total earning assets 152,483.0 2,094.6 5.52
Allowance for loan and lease losses (1,828.7)
Cash and due from banks 3,070.1
Other assets 17,186.1
Noninterest earning trading assets 2,342.4
Unrealized gains on securities
available for sale, net 2,295.9
Total assets $175,548.8

LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing deposits:
NOW accounts $21,762.4 $62.5 1.15 %
Money market accounts 26,031.8 116.7 1.80
Savings 3,939.1 3.9 0.40
Consumer time 16,726.7 165.2 3.97
Other time 11,921.1 118.8 4.01
Total interest-bearing consumer
and commercial deposits 80,381.1 467.1 2.34
Brokered deposits 11,135.4 93.4 3.32
Foreign deposits 3,932.9 19.3 1.95
Total interest-bearing deposits 95,449.4 579.8 2.44
Funds purchased 2,792.5 13.5 1.92
Securities sold under agreements to
repurchase 5,388.4 21.8 1.60
Interest-bearing trading liabilities 849.2 6.6 3.12
Other short-term borrowings 2,650.6 13.1 1.99
Long-term debt 22,298.6 274.8 4.96
Total interest-bearing
liabilities 129,428.7 909.6 2.83
Noninterest-bearing deposits 21,345.9
Other liabilities 5,162.4
Noninterest-bearing trading liabilities 1,518.6
Shareholders' equity 18,093.2
Total liabilities and
shareholders' equity $175,548.8

Interest Rate Spread 2.69 %

Net Interest Income - FTE (1) $1,185.0

Net Interest Margin (2) 3.13 %

Three Months Ended
March 31, 2008

Interest
Average Income/ Yields/
Balances Expense Rates
ASSETS
Loans:
Real estate 1-4 family $32,440.0 $521.3 6.43 %
Real estate construction 12,450.2 189.8 6.13
Real estate home equity lines 14,603.0 234.3 6.45
Real estate commercial 13,113.1 201.3 6.17
Commercial - FTE (1) 36,374.6 539.2 5.96
Credit card 774.4 2.9 1.52
Consumer - direct 4,063.4 62.5 6.19
Consumer - indirect 7,645.3 120.2 6.32
Nonaccrual and restructured 1,799.0 5.4 1.21
Total loans 123,263.0 1,876.9 6.12
Securities available for sale:
Taxable 12,087.1 186.8 6.18
Tax-exempt - FTE (1) 1,071.4 16.5 6.13
Total securities available for
sale - FTE (1) 13,158.5 203.3 6.18
Funds sold and securities purchased
under agreements to resell 1,326.9 8.9 2.67
Loans held for sale 6,865.7 99.0 5.77
Interest-bearing deposits 21.9 0.2 4.54
Interest earning trading assets 8,367.6 98.0 4.71
Total earning assets 153,003.6 2,286.3 6.01
Allowance for loan and lease losses (1,393.1)
Cash and due from banks 3,166.5
Other assets 17,076.4
Noninterest earning trading assets 2,609.5
Unrealized gains on securities
available for sale, net 2,454.0
Total assets $176,916.9

LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing deposits:
NOW accounts $21,981.1 $101.9 1.87 %
Money market accounts 25,342.7 154.7 2.46
Savings 3,917.0 5.7 0.59
Consumer time 17,030.8 187.8 4.43
Other time 12,280.5 141.1 4.62
Total interest-bearing consumer
and commercial deposits 80,552.1 591.2 2.95
Brokered deposits 11,216.4 123.0 4.34
Foreign deposits 4,252.2 33.6 3.13
Total interest-bearing deposits 96,020.7 747.8 3.13
Funds purchased 2,885.7 21.9 3.00
Securities sold under agreements to
repurchase 5,889.4 35.1 2.36
Interest-bearing trading liabilities 713.0 6.0 3.41
Other short-term borrowings 2,887.6 22.8 3.17
Long-term debt 22,808.3 284.9 5.02
Total interest-bearing liabilities 131,204.7 1,118.5 3.43
Noninterest-bearing deposits 20,616.3
Other liabilities 5,347.4
Noninterest-bearing trading
liabilities 1,686.8
Shareholders' equity 18,061.7
Total liabilities and
shareholders' equity $176,916.9

Interest Rate Spread 2.58 %

Net Interest Income - FTE (1) $1,167.8

Net Interest Margin (2) 3.07 %

(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.

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
December 31, 2007

Interest
Average Income/ Yields/
Balances Expense Rates
ASSETS
Loans:
Real estate 1-4 family $31,990.3 $517.4 6.47 %
Real estate construction 13,250.9 238.8 7.15
Real estate home equity lines 14,394.8 268.1 7.39
Real estate commercial 12,891.6 221.2 6.81
Commercial - FTE (1) 34,879.3 564.9 6.43
Credit card 690.1 2.1 1.23
Consumer - direct 3,949.3 70.7 7.10
Consumer - indirect 7,877.3 125.7 6.33
Nonaccrual and restructured 1,170.7 4.3 1.45
Total loans 121,094.3 2,013.2 6.60
Securities available for sale:
Taxable 11,814.6 182.9 6.19
Tax-exempt - FTE (1) 1,054.0 16.0 6.07
Total securities available for
sale - FTE (1) 12,868.6 198.9 6.18
Funds sold and securities purchased
under agreements to resell 1,066.1 11.6 4.25
Loans held for sale 8,777.6 139.2 6.34
Interest-bearing deposits 18.2 0.3 6.22
Interest earning trading assets 7,716.2 112.8 5.80
Total earning assets 151,541.0 2,476.0 6.48
Allowance for loan and lease losses (1,114.9)
Cash and due from banks 3,462.6
Other assets 17,172.3
Noninterest earning trading assets 1,660.9
Unrealized gains on securities
available for sale, net 2,408.6
Total assets $175,130.5

LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing deposits:
NOW accounts $20,737.2 $121.0 2.32 %
Money market accounts 24,261.5 177.7 2.91
Savings 4,177.7 11.1 1.05
Consumer time 17,170.7 197.2 4.56
Other time 12,353.3 151.5 4.87
Total interest-bearing consumer
and commercial deposits 78,700.4 658.5 3.32
Brokered deposits 12,771.1 168.2 5.15
Foreign deposits 2,945.9 32.6 4.33
Total interest-bearing deposits 94,417.4 859.3 3.61
Funds purchased 2,151.4 24.1 4.38
Securities sold under agreements to
repurchase 5,706.7 55.2 3.78
Interest-bearing trading liabilities 504.2 3.5 2.75
Other short-term borrowings 3,202.8 37.4 4.63
Long-term debt 22,808.1 301.7 5.25
Total interest-bearing liabilities 128,790.6 1,281.2 3.95
Noninterest-bearing deposits 20,948.1
Other liabilities 5,812.5
Noninterest-bearing trading
liabilities 1,546.5
Shareholders' equity 18,032.8
Total liabilities and
shareholders' equity $175,130.5

Interest Rate Spread 2.53 %

Net Interest Income - FTE (1) $1,194.8

Net Interest Margin (2) 3.13 %

Three Months Ended
September 30, 2007

Interest
Average Income/ Yields/
Balances Expense Rates
ASSETS
Loans:
Real estate 1-4 family $31,003.5 $498.5 6.43 %
Real estate construction 13,686.6 260.0 7.54
Real estate home equity lines 14,133.1 279.5 7.85
Real estate commercial 12,759.3 225.3 7.01
Commercial - FTE (1) 34,247.9 562.6 6.52
Credit card 516.3 4.2 3.29
Consumer - direct 4,368.0 80.0 7.26
Consumer - indirect 7,966.4 124.6 6.21
Nonaccrual and restructured 877.5 3.8 1.72
Total loans 119,558.6 2,038.5 6.76
Securities available for sale:
Taxable 11,546.2 179.7 6.23
Tax-exempt - FTE (1) 1,040.9 15.8 6.05
Total securities available for
sale - FTE (1) 12,587.1 195.5 6.21
Funds sold and securities purchased
under agreements to resell 872.5 11.1 4.99
Loans held for sale 9,748.0 155.6 6.39
Interest-bearing deposits 24.9 0.3 4.28
Interest earning trading assets 9,536.5 141.2 5.88
Total earning assets 152,327.6 2,542.2 6.62
Allowance for loan and lease losses (1,059.1)
Cash and due from banks 3,417.2
Other assets 16,719.9
Noninterest earning trading assets 1,155.9
Unrealized gains on securities
available for sale, net 2,091.9
Total assets $174,653.4

LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing deposits:
NOW accounts $19,543.4 $117.9 2.39 %
Money market accounts 22,560.3 160.0 2.81
Savings 4,456.5 13.3 1.19
Consumer time 16,839.9 193.4 4.56
Other time 11,862.4 146.3 4.89
Total interest-bearing consumer
and commercial deposits 75,262.5 630.9 3.33
Brokered deposits 15,806.3 214.6 5.31
Foreign deposits 5,333.6 68.8 5.05
Total interest-bearing deposits 96,402.4 914.3 3.76
Funds purchased 2,291.3 28.9 4.94
Securities sold under agreements to
repurchase 5,732.2 64.7 4.42
Interest-bearing trading liabilities 354.1 3.4 3.85
Other short-term borrowings 2,730.1 33.6 4.89
Long-term debt 21,143.5 278.1 5.22
Total interest-bearing liabilities 128,653.6 1,323.0 4.08
Noninterest-bearing deposits 21,445.1
Other liabilities 5,633.7
Noninterest-bearing trading
liabilities 1,370.8
Shareholders' equity 17,550.2
Total liabilities and
shareholders' equity $174,653.4

Interest Rate Spread 2.54 %

Net Interest Income - FTE (1) $1,219.2

Net Interest Margin (2) 3.18 %

Three Months Ended
June 30, 2007

Interest
Average Income/ Yields/
Balances Expense Rates
ASSETS
Loans:
Real estate 1-4 family $30,754.4 $493.2 6.42 %
Real estate construction 13,710.1 259.4 7.59
Real estate home equity lines 13,849.7 272.4 7.89
Real estate commercial 12,731.8 220.8 6.95
Commercial - FTE (1) 33,607.7 539.6 6.44
Credit card 403.7 5.9 5.80
Consumer - direct 4,347.5 78.2 7.21
Consumer - indirect 8,063.6 123.1 6.12
Nonaccrual and restructured 696.1 4.8 2.76
Total loans 118,164.6 1,997.4 6.78
Securities available for sale:
Taxable 11,014.3 167.7 6.09
Tax-exempt - FTE (1) 1,041.2 15.2 5.85
Total securities available for
sale - FTE (1) 12,055.5 182.9 6.07
Funds sold and securities purchased
under agreements to resell 1,038.1 13.2 5.04
Loans held for sale 13,454.3 200.4 5.96
Interest-bearing deposits 24.1 0.3 5.74
Interest earning trading assets 12,857.6 174.3 5.44
Total earning assets 157,594.2 2,568.5 6.54
Allowance for loan and lease losses (1,037.6)
Cash and due from banks 3,427.7
Other assets 16,626.9
Noninterest earning trading assets 986.6
Unrealized gains on securities
available for sale, net 2,398.7
Total assets $179,996.5

LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing deposits:
NOW accounts $20,065.8 $119.0 2.38 %
Money market accounts 21,773.3 142.0 2.62
Savings 4,786.7 14.8 1.24
Consumer time 16,942.3 190.5 4.51
Other time 11,962.4 144.5 4.85
Total interest-bearing consumer
and commercial deposits 75,530.5 610.8 3.24
Brokered deposits 16,972.2 227.5 5.30
Foreign deposits 7,011.2 92.9 5.24
Total interest-bearing deposits 99,513.9 931.2 3.75
Funds purchased 3,967.7 52.2 5.21
Securities sold under agreements to
repurchase 6,339.0 74.4 4.64
Interest-bearing trading liabilities 453.1 4.4 3.87
Other short-term borrowings 2,262.3 28.3 5.02
Long-term debt 19,772.4 258.0 5.24
Total interest-bearing liabilities 132,308.4 1,348.5 4.09
Noninterest-bearing deposits 22,395.8
Other liabilities 6,185.4
Noninterest-bearing trading
liabilities 1,178.8
Shareholders' equity 17,928.1
Total liabilities and
shareholders' equity $179,996.5

Interest Rate Spread 2.45 %

Net Interest Income - FTE (1) $1,220.0

Net Interest Margin (2) 3.10 %

(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.

SunTrust Banks, Inc. and Subsidiaries
CONSOLIDATED DAILY AVERAGE BALANCES,
AVERAGE YIELDS EARNED AND RATES PAID
(Dollars in millions; yields on taxable-equivalent basis) (Unaudited)

Six Months Ended
June 30, 2008

Interest
Average Income/ Yields/
Balances Expense Rates
ASSETS
Loans:
Real estate 1-4 family $32,276.7 $1,028.4 6.37 %
Real estate construction 11,961.1 339.3 5.70
Real estate home equity lines 14,791.6 430.0 5.85
Real estate commercial 13,494.9 394.0 5.87
Commercial - FTE (1) 36,987.3 1,040.6 5.66
Credit card 795.2 8.3 2.09
Consumer - direct 4,222.9 125.9 6.00
Consumer - indirect 7,541.3 236.1 6.30
Nonaccrual and restructured 2,156.5 12.9 1.21
Total loans 124,227.5 3,615.5 5.85
Securities available for sale:
Taxable 11,928.3 372.8 6.25
Tax-exempt - FTE (1) 1,064.5 32.4 6.09
Total securities available for
sale - FTE (1) 12,992.8 405.2 6.24
Funds sold and securities purchased
under agreement to resell 1,329.0 15.7 2.33
Loans held for sale 6,007.1 171.5 5.71
Interest-bearing deposits 21.6 0.5 4.16
Interest earning trading assets 8,165.3 172.5 4.25
Total earning assets 152,743.3 4,380.9 5.77
Allowance for loan and lease losses (1,610.9)
Cash and due from banks 3,118.3
Other assets 17,131.2
Noninterest earning trading assets 2,475.9
Unrealized gains on securities
available for sale, net 2,375.0
Total assets $176,232.8

LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing deposits:
NOW accounts $21,871.7 $164.4 1.51 %
Money market accounts 25,687.2 271.4 2.12
Savings 3,928.1 9.7 0.50
Consumer time 16,878.8 353.0 4.21
Other time 12,100.8 259.8 4.32
Total interest-bearing consumer
and commercial deposits 80,466.6 1,058.3 2.64
Brokered deposits 11,175.9 216.4 3.83
Foreign deposits 4,092.5 52.9 2.56
Total interest-bearing deposits 95,735.0 1,327.6 2.79
Funds purchased 2,839.1 35.4 2.47
Securities sold under agreements to
repurchase 5,638.9 56.9 2.00
Interest-bearing trading liabilities 781.1 12.6 3.25
Other short-term borrowings 2,769.1 35.9 2.60
Long-term debt 22,553.5 559.7 4.99
Total interest-bearing liabilities 130,316.7 2,028.1 3.13
Noninterest-bearing deposits 20,981.0
Other liabilities 5,254.9
Noninterest-bearing trading
liabilities 1,602.7
Shareholders' equity 18,077.5
Total liabilities and shareholders'
equity $176,232.8

Interest Rate Spread 2.64 %

Net Interest Income - FTE (1) $2,352.8

Net Interest Margin (2) 3.10 %

Six Months Ended
June 30, 2007

Interest
Average Income/ Yields/
Balances Expense Rates
ASSETS
Loans:
Real estate 1-4 family $32,412.5 $1,020.6 6.30 %
Real estate construction 13,571.0 512.1 7.61
Real estate home equity lines 13,794.2 540.6 7.90
Real estate commercial 12,780.9 441.0 6.96
Commercial - FTE (1) 33,819.1 1,075.2 6.41
Credit card 386.7 11.3 5.87
Consumer - direct 4,284.3 154.2 7.26
Consumer - indirect 8,114.8 245.1 6.09
Nonaccrual and restructured 667.0 9.2 2.80
Total loans 119,830.5 4,009.3 6.75
Securities available for sale:
Taxable 8,844.5 276.3 6.25
Tax-exempt - FTE (1) 1,040.0 30.5 5.86
Total securities available for
sale - FTE (1) 9,884.5 306.8 6.21
Funds sold and securities purchased
under agreement to resell 1,022.3 26.1 5.08
Loans held for sale 12,336.0 374.1 6.07
Interest-bearing deposits 26.4 0.8 5.71
Interest earning trading assets 15,429.0 403.2 5.27
Total earning assets 158,528.7 5,120.3 6.51
Allowance for loan and lease losses (1,044.0)
Cash and due from banks 3,473.6
Other assets 16,450.8
Noninterest earning trading assets 985.9
Unrealized gains on securities
available for sale, net 2,352.2
Total assets $180,747.2

LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing deposits:
NOW accounts $19,943.6 $235.0 2.38 %
Money market accounts 21,930.3 284.8 2.62
Savings 4,905.1 31.1 1.28
Consumer time 16,876.2 373.6 4.46
Other time 12,038.7 288.5 4.83
Total interest-bearing consumer
and commercial deposits 75,693.9 1,213.0 3.23
Brokered deposits 17,925.1 478.3 5.31
Foreign deposits 7,416.1 195.8 5.25
Total interest-bearing deposits 101,035.1 1,887.1 3.77
Funds purchased 4,328.4 113.4 5.21
Securities sold under agreements to
repurchase 6,552.4 154.0 4.67
Interest-bearing trading liabilities 431.3 8.7 4.05
Other short-term borrowings 2,011.8 50.0 5.01
Long-term debt 19,388.7 498.9 5.19
Total interest-bearing liabilities 133,747.7 2,712.1 4.09
Noninterest-bearing deposits 22,165.7
Other liabilities 5,844.1
Noninterest-bearing trading
liabilities 1,164.9
Shareholders' equity 17,824.8
Total liabilities and shareholders'
equity $180,747.2

Interest Rate Spread 2.42 %

Net Interest Income - FTE (1) $2,408.2

Net Interest Margin (2) 3.06 %

(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.

SunTrust Banks, Inc. and Subsidiaries
OTHER FINANCIAL DATA
(Dollars in thousands) (Unaudited)

Three Months Ended
June 30 Increase/(Decrease)
2008 2007 Amount % (1)

CREDIT DATA
Allowance for loan and
lease losses -
beginning $1,545,340 $1,033,939 $511,401 49.5 %
Provision for loan
losses 448,027 104,680 343,347 NM
Allowance associated
with loans at fair
value(2) - - - -
Allowance from GB&T
acquisition 158,705 - 158,705 NM
Charge-offs
Commercial (47,738) (40,853) 6,885 16.9
Real estate:
Home equity
lines (94,857) (24,429) 70,428 NM
Construction (35,399) (1,468) 33,931 NM
Residential
mortgages (126,055) (19,615) 106,440 NM
Commercial
real estate (563) (694) (131) (18.9)
Consumer:
Direct (7,852) (5,362) 2,490 46.4
Indirect (43,101) (19,301) 23,800 NM
Total
charge-offs (355,565) (111,722) 243,843 NM

Recoveries
Commercial 7,255 5,536 1,719 31.1
Real estate:
Home equity
lines 5,650 2,323 3,327 NM
Construction 182 244 (62) (25.4)
Residential
mortgages 1,644 1,614 30 1.9
Commercial
real estate 35 162 (127) (78.4)
Consumer:
Direct 2,119 2,568 (449) (17.5)
Indirect 16,008 11,018 4,990 45.3
Total
recoveries 32,893 23,465 9,428 40.2
Net charge-offs (322,672) (88,257) 234,415 NM
Allowance for loan and
lease losses - ending $1,829,400 $1,050,362 $779,038 74.2

Net charge-offs to
average loans
(annualized)
Commercial 0.42 % 0.42 % - % - %
Real estate:
Home equity
lines 2.40 0.64 1.76 NM
Construction 1.16 0.04 1.12 NM
Residential
mortgages 1.49 0.23 1.26 NM
Commercial
real estate 0.02 0.02 - -
Consumer:
Direct 0.53 0.26 0.27 NM
Indirect 1.46 0.41 1.05 NM
Total net charge-offs to
total average loans 1.04 0.30 0.74 NM

Period Ended
Nonaccrual loans
Commercial $117,168 $91,895 $25,273 27.5 %
Real estate:
Home equity
lines 216,839 52,449 164,390 NM
Construction 772,353 77,936 694,417 NM
Residential
mortgages 1,356,710 447,951 908,759 NM
Commercial
real estate 124,523 44,168 80,355 NM
Consumer loans 37,735 22,401 15,334 68.5
Total
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) 334,519 100,973 233,546 NM
Other repossessed
assets 13,203 7,250 5,953 82.1
Total nonperforming
assets $3,136,408 $872,839 $2,263,569 NM

Total accruing loans
past due 90 days or
more $753,558 $449,038 $304,520 67.8 %

Total nonperforming
loans to total loans 2.22 % 0.64 % 1.58 % NM %
Total nonperforming
assets to total loans
plus OREO and other
repossessed assets 2.49 0.73 1.76 NM
Allowance to period-end
loans (3) 1.46 0.89 0.57 64.0
Allowance to
nonperforming loans (4) 72.0 160.7 (88.7) (55.2)
Allowance to annualized
net charge-offs 1.41 x 2.97 x (1.56)x (52.5)

Six Months Ended
June 30 Increase/(Decrease)
2008 2007 Amount % (1)

CREDIT DATA
Allowance for loan and
lease losses -
beginning $1,282,504 $1,044,521 $237,983 22.8 %
Provision for loan
losses 1,008,049 161,121 846,928 NM
Allowance associated
with loans at fair
value(2) - (4,100) (4,100) 100.0
Allowance from GB&T
acquisition 158,705 - 158,705 NM
Charge-offs
Commercial (86,027) (63,133) 22,894 36.3
Real estate:
Home equity
lines (193,459) (40,301) 153,158 NM
Construction (58,581) (2,066) 56,515 NM
Residential
mortgages (235,241) (33,908) 201,333 NM
Commercial
real estate (796) (981) (185) (18.9)
Consumer:
Direct (18,167) (11,218) 6,949 61.9
Indirect (85,990) (45,062) 40,928 90.8
Total
charge-offs (678,261) (196,669) 481,592 NM

Recoveries
Commercial 12,991 11,307 1,684 14.9
Real estate:
Home equity
lines 8,018 3,506 4,512 NM
Construction 260 363 (103) (28.4)
Residential
mortgages 2,867 3,027 (160) (5.3)
Commercial
real estate 197 203 (6) (3.0)
Consumer:
Direct 4,500 5,021 (521) (10.4)
Indirect 29,570 22,062 7,508 34.0
Total
recoveries 58,403 45,489 12,914 28.4
Net charge-offs (619,858) (151,180) 468,678 NM
Allowance for loan and
lease losses - ending $1,829,400 $1,050,362 $779,038 74.2

Net charge-offs to
average loans (annualized)
Commercial 0.39 % 0.30 % 0.09 % 27.2 %
Real estate:
Home equity
lines 2.52 0.54 1.98 NM
Construction 0.93 0.03 0.90 NM
Residential
mortgages 1.39 0.19 1.20 NM
Commercial
real estate 0.01 0.01 - -
Consumer:
Direct 0.65 0.29 0.36 NM
Indirect 1.50 0.57 0.93 NM
Total net charge-offs to
total average loans 1.00 0.25 0.75 NM

(1) "NM" - Not meaningful. Those changes over 100 percent were not
considered to be meaningful.
(2) Amount removed from the allowance for loan losses related to the
Company's election to record $4.1 billion of residential mortgages at
fair value.
(3) 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 period
calculation were $110,841, which did not change the calculation by
more than one basis point as of June 30, 2007.
(4) 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 period calculation were
$110,841, which increased the calculation approximately 23 basis
points as of June 30, 2007.

SOURCE SunTrust Banks, Inc.