Suntrust Banks 8-K 2011 FY Important Cautionary Statement About Forward-Looking Statements

SunTrust Banks, Inc.

Consolidated Statements of Income/(Loss)

	Year Ended December 31
(Dollars in millions and shares in thousands, except per share data) (Unaudited)	2011			2010			2009
Interest Income
Interest and fees on loans		$5,219			$5,300			$5,530
Interest and fees on loans held for sale	93			137			233
Interest and dividends on securities available for sale:
Taxable interest	688			709			717
Tax-exempt interest	21			31			40
Dividends1	82			76			73
Trading account interest and other	78			90			117
Total interest income	6,181			6,343			6,710
Interest Expense
Interest on deposits	624			860			1,440
Interest on long-term debt	449			580			761
Interest on other borrowings	43			49			43
Total interest expense	1,116			1,489			2,244
Net interest income	5,065			4,854			4,466
Provision for credit losses	1,513			2,651			4,064
Net interest income after provision for credit losses	3,552			2,203			402
Noninterest Income
Service charges on deposit accounts	685			760			848
Trust and investment management income	531			503			486
Other charges and fees	507			534			523
Card fees	371			376			324
Investment banking income	317			313			272
Trading income/(loss)	248			173			(41		)
Retail investment services	230			205			218
Mortgage production related (loss)/income	(5		)	127			376
Mortgage servicing related income	224			358			330
Net securities gains2	117			191			98
Gain from ownership in Visa	—			—			112
Other noninterest income	196			189			164
Total noninterest income	3,421			3,729			3,710
Noninterest Expense
Employee compensation	2,494			2,364			2,258
Employee benefits	382			457			542
Outside processing and software	653			638			579
Net occupancy expense	356			361			357
Regulatory assessments	300			265			302
Credit and collection services	275			279			259
Other real estate expense	264			300			244
Operating losses	257			83			99
Marketing and customer development	184			177			152
Equipment expense	178			174			172
Potential mortgage servicing settlement and claims expense	120			—			—
Amortization/impairment of goodwill/intangible assets	43			51			807
Net (gain)/loss on debt extinguishment	(3		)	70			39
Other noninterest expense	731			692			752
Total noninterest expense	6,234			5,911			6,562
Income/(loss) before provision/(benefit) for income taxes	739			21			(2,450		)
Provision/(benefit) for income taxes	79			(185		)	(898		)
Net income/(loss) including income attributable to noncontrolling interest	660			206			(1,552		)
Net income attributable to noncontrolling interest	13			17			12
Net income/(loss)		$647			$189			($1,564	)
Net income/(loss) available to common shareholders		$495			($87	)		($1,733	)
Net income/(loss) per average common share
Diluted3		$0.94			($0.18	)		($3.98	)
Basic	0.94			(0.18		)	(3.98		)
Dividends declared per common share		$0.12			$0.04			$0.22
Average common shares - diluted	527,618			498,744			437,486
Average common shares - basic	523,995			495,361			435,328

¹Includes dividends on common stock of The Coca-Cola Company of $56 million, $53 million, and $49 million during the years ended December 31, 2011, 2010, and 2009, respectively.

²Includes credit-related other-than-temporary impairment losses of $6 million, $2 million, and $20 million, consisting of $7 million, $2 million, and $113 million of total unrealized losses, net of $1 million, $0, and $93 million of non-credit related unrealized losses recorded in other comprehensive income, before taxes, for the years ended December 31, 2011, 2010, and 2009, respectively.

³For earnings per share calculation purposes, the impact of dilutive securities are excluded from the diluted share count during periods that the Company has recognized a net loss available to common shareholders because the impact would be anti-dilutive.

SunTrust Banks, Inc.

Consolidated Statements of Comprehensive Income/(Loss)

	Year ended December 31
(Dollars in millions) (Unaudited)	2011			2010			2009
Net Income/(Loss)		$647			$189			($1,564	)
Components of Other Comprehensive Income/(Loss):
Change in unrealized gains on securities1	411			487			341
Reclassification adjustment for realized gains and losses on securities2	(74		)	(121		)	(60		)
Change in unrealized gains/(losses) on derivatives3	431			509			(131		)
Reclassification adjustment for realized gains and losses on derivatives4	(394		)	(389		)	(304		)
Change related to employee benefit plans5	(241		)	60			251
Total Other Comprehensive Income	133			546			97
Total Comprehensive Income/(Loss)		$780			$735			($1,467	)

¹ Net of tax of ($242) million, ($283) million, and ($188) million, respectively

² Net of tax of $43 million, $70 million, and $38 million, respectively.

³ Net of tax of ($253) million, ($293) million, and $59 million, respectively.

⁴ Net of tax of $231 million, $228 million, and $181 million, respectively.

⁵ Net of tax of $141 million, ($46) million, and ($143) million, respectively.