Suntrust Banks 8K SunTrust Reports Fourth Quarter 2012 Results | SEC 18 Jan 13

Exhibit 99.1

News Release



Contact:
Investors		Media
Kris Dickson		Mike McCoy
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For Immediate Release

January 18, 2013

SunTrust Reports Fourth Quarter 2012 Results

Noninterest Income and Expense Improvements Contributed to Core Earnings Growth

ATLANTA -- SunTrust Banks, Inc. (NYSE: STI) today reported net income available to common shareholders of $350 million, or $0.65 per average common diluted share, for the fourth quarter of 2012. This compares to earnings per share of $0.13 in the fourth quarter of last year and $1.98 per share in the prior quarter, which included $1.40 per share related to third quarter actions the Company announced to improve its risk profile and strengthen its balance sheet. For 2012, SunTrust earned $3.59 per share compared to $0.94 per share in 2011.

“Favorable performance trends continued, including strong noninterest income and lower expenses, marking another quarter of core earnings expansion,” said William H. Rogers, Jr., chairman and chief executive officer of SunTrust Banks, Inc. “We concluded the year in an even stronger position, driving higher revenue and efficiency gains, while further improving our overall risk profile."

Fourth Quarter 2012 Financial Highlights

Income Statement


•	Continued favorable core performance trends helped drive net income available to common shareholders of $350 million, or $0.65 per average common diluted share.


•	Reported revenue decreased $1.6 billion from the prior quarter due to the third quarter gain associated with the accelerated termination of the agreements regarding The Coca-Cola Company ("KO") common stock.


•	Excluding securities gains, revenue increased $388 million from the prior quarter and $262 million from the prior year.


◦	Noninterest income increased $413 million from the prior quarter due to record investment banking income and a lower mortgage repurchase provision. These items, together with higher core mortgage production income, also drove the $310 million growth from the prior year.


◦	Net interest income decreased $25 million from the prior quarter, primarily due to the previously announced loan sales, and the net interest margin declined 2 basis points. Net interest income decreased $48 million compared to the fourth quarter of last year due to lower earning asset yields.

•

Noninterest expense decreased $216 million from the prior quarter, due to the third quarter write-down of affordable housing investments and the charitable contribution of KO shares to the SunTrust Foundation, as well as lower employee compensation and reduced credit-related expenses. Noninterest expense decreased $157 million from the fourth quarter of last year due to a decline in cyclically-high costs and the fourth quarter 2011 expense related to the potential national mortgage servicing settlement.


•	Fourth quarter 2012 noninterest expense included a charge associated with the recent agreement in principle regarding the Independent Foreclosure Review.


•	Current quarter results benefited from favorable discrete tax items.

Balance Sheet


•	Average performing loans decreased $1.7 billion, or 1%, compared to the prior quarter primarily due to the sales of government guaranteed mortgage and student loans. Average performing loans increased $3.6 billion, or 3%, over the fourth quarter of last year, due to targeted growth, particularly in commercial and industrial loans.


•	Average client deposits increased $2.6 billion, or 2%, from the prior quarter, and $2.8 billion, or 2%, from the fourth quarter of last year. The favorable shift in the deposit mix toward lower-cost demand deposits continued.

Capital


•	Estimated capital ratios continue to be well above current regulatory requirements. The Tier 1 common equity ratio increased to an estimated 10.00%, up from 9.82% at the end of the prior quarter.


•	In December, the Company issued $450 million of Series E preferred stock.

Asset Quality


•	The overall risk profile of the balance sheet continued to improve. Nonperforming loans declined $184 million, or 11%, sequentially and were 1.27% of total loans as of year-end, compared to 1.42% last quarter and 2.37% a year ago.


•	During the quarter, the Company reclassified consumer and mortgage loans that were discharged as a result of Chapter 7 bankruptcy. This resulted in a $232 million addition to nonperforming loans and $79 million in charge-offs and loan loss provision.


•	Provision for credit losses and net charge-offs were essentially flat compared to the prior quarter, after adjusting for unusual items recognized in both quarters.




Income Statement (presented on a fully taxable-equivalent basis)	4Q 2011			3Q 2012			4Q 2012
(Dollars in millions, except per share data)
Net income available to common shareholders	$71			$1,066			$350
Earnings per average common diluted share	0.13			1.98			0.65
Total revenue	2,047			3,843			2,291
Total revenue, excluding net securities gains/losses	2,028			1,902			2,290
Net interest income	1,324			1,301			1,276
Provision for credit losses	327			450			328
Noninterest income	723			2,542			1,015
Noninterest expense	1,667			1,726			1,510
Net interest margin	3.46		%	3.38		%	3.36		%

Balance Sheet
(Dollars in billions)
Average loans		$119.5			$124.1			$121.6
Average consumer and commercial deposits	125.1			125.4			127.9

Capital
Tier 1 capital ratio⁽¹⁾	10.90		%	10.57		%	11.10		%
Tier 1 common equity ratio⁽¹⁾	9.22		%	9.82		%	10.00		%
Total average shareholders’ equity to total average assets	11.61		%	11.76		%	11.82		%

Asset Quality
Net charge-offs to average loans (annualized)	1.57		%	1.64		%	1.30		%
Allowance for loan losses to period end loans	2.01		%	1.84		%	1.80		%
Nonperforming loans to total loans	2.37		%	1.42		%	1.27		%

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

Consolidated Financial Performance Details

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

Revenue

Total revenue was $2.3 billion for the fourth quarter of 2012, a decrease of $1.6 billion compared to the prior quarter and a $244 million, or 12%, increase compared to the fourth quarter of last year. Excluding net securities gains, total revenue increased $388 million and $262 million compared to the prior quarter and fourth quarter of last year, respectively. The sequential quarter increase was primarily related to actions recognized in the prior quarter, which included a higher provision for mortgage repurchases and losses related to the transfer to held for sale of delinquent, government guaranteed student and mortgage loans. The increase over the fourth quarter of 2011 was primarily due to higher mortgage-related revenue and investment banking income.

For 2012, total revenue was $10.6 billion, up $2.0 billion from 2011. Excluding securities gains and losses, full year revenue was $8.6 billion, up $141 million compared to 2011. The increase was primarily driven by net interest income, mortgage-related revenue, and investment banking income, partially offset by a decline in card fees related to debit card interchange regulations that became effective in the fourth quarter of 2011.

Net Interest Income

Net interest income was $1,276 million for the fourth quarter of 2012 compared to $1,301 million for the prior quarter and $1,324 million for the fourth quarter of last year. The $25 million decline from the prior quarter was largely driven by the reduction in average loans, attributable to loan sales announced during the third quarter and completed in the current quarter. The $48 million decrease compared to the fourth quarter of last year was due to lower yields on earning assets, a decline in commercial loan-related swap income, and the foregone dividend income as a result of the accelerated termination of the agreements regarding the KO shares, partially offset by lower rates paid on deposits and a reduction in wholesale funding.

Net interest margin for the fourth quarter of 2012 was 3.36%, a decline of 2 basis points from the prior quarter and a decline of 10 basis points from the fourth quarter of last year. On a sequential quarter basis, lower loan and investment securities yields resulted in an eight basis point decline in earning asset yields. This decline was partially offset by an eight basis point reduction in rates paid on interest-bearing liabilities due to lower client deposit and long-term debt rates. Compared to the fourth quarter of last year, the decline in net interest margin was primarily due to a 37 basis point decline in loan yields, as a result of the continuation of the low interest rate environment and a decline of $40 million in commercial loan-related swap income. Declines in earning asset yields were partially offset by a 32 basis point decline in rates paid on interest-bearing liabilities, primarily on time deposits and long-term debt.

For the year, net interest income was $5.2 billion, an increase of $46 million compared to 2011. The primary drivers of the increase in net interest income were growth in average loans, a favorable shift in the deposit mix, lower average long-term debt balances, and lower rates paid on deposits and wholesale borrowings, partially offset by lower earning asset yields. Net interest margin was 3.40% in 2012 compared to 3.50% in 2011. The decline in net interest margin was due to lower yields on loans and investment securities, partially offset by lower rates paid on deposits and wholesale borrowings.

Noninterest Income

Total noninterest income was $1,015 million for the fourth quarter of 2012 compared to $2,542 million for the prior quarter and $723 million for the fourth quarter of last year. The $1.5 billion decrease from the prior quarter was driven by a $1.9 billion decline in securities gains, due to the accelerated termination of the agreements regarding the KO stock, partially offset by a lower mortgage repurchase provision, higher investment banking income, and lower losses related to the transfer to held for sale of certain delinquent, government guaranteed student and mortgage loans. The increase from the fourth quarter of last year was primarily due to higher mortgage-related and investment banking revenue.

Mortgage production income for the fourth quarter of 2012 was $241 million compared to a loss of $64 million for the prior quarter and a loss of $62 million for the fourth quarter of last year. The $305 million sequential quarter increase was driven by a $359 million decline in the mortgage repurchase provision, partially offset by declines in loan production and margins. As of December 31, 2012, the reserve for mortgage repurchases totaled $632 million, a decrease of $62 million from the prior quarter. Mortgage repurchase demands declined 5% compared to the prior quarter. Compared to the fourth quarter of last year, mortgage production income increased $303 million, due to the $203 million decrease in the mortgage repurchase provision and higher loan production and margins in the fourth quarter of 2012.

Mortgage servicing income was $45 million for the fourth quarter of 2012 compared to $64 million for the prior quarter and $22 million for the fourth quarter of last year. The $19 million sequential quarter decline was due to less favorable net hedge performance. The $23 million increase from the prior year was due to a $38 million HARP 2.0-related mortgage servicing rights write-down recognized in the prior year, partially offset by lower servicing fees in the current quarter due to a smaller servicing portfolio. As of December 31, 2012, the servicing portfolio was $145 billion compared to $158 billion at December 31, 2011.

Investment banking income was a record $112 million for the fourth quarter of 2012 compared to $83 million for the prior quarter and $87 million for the fourth quarter of last year. The increase compared to prior quarters was due to higher syndicated finance and bond origination fee income.

Trading income was $65 million for the fourth quarter of 2012 compared to $19 million for the prior quarter and $77 million for the fourth quarter of last year. Core trading income was essentially stable across these quarterly periods. The $46 million sequential quarter increase was primarily attributable to a $24 million reduction in mark-to-market losses on the Company's fair value debt and index-linked CDs and a reduction in trading-related litigation reserves. The $12 million decline in trading income compared to the fourth quarter of last year was largely driven by mark-to-market losses of $23 million on the Company's fair value debt and index-linked CDs compared to gains of $17 million in the fourth quarter of last year, as well as lower valuation gains in the current quarter related to illiquid securities, partially offset by the aforementioned reduction in litigation reserves.

Other noninterest income for the fourth quarter of 2012 was $18 million compared to a loss of $31 million in the prior quarter and income of $39 million in the fourth quarter of last year. The $49 million increase from the prior quarter was due to lower losses from loan sales. During the fourth quarter, the Company recognized $25 million of net losses, primarily related to additional sales of Ginnie Mae loans, as compared to $92 million in losses during the prior quarter. The $21 million decline in other noninterest income from the fourth quarter of last year was primarily due to the current quarter losses associated with the aforementioned sale of loans.

For the year, noninterest income was $5.4 billion compared to $3.4 billion in 2011. The $2.0 billion increase was primarily driven by higher securities gains and increased mortgage-related income, partially offset by lower card fees and losses from the loan sales described above.

Noninterest Expense

Noninterest expense was $1,510 million for the fourth quarter of 2012 compared to $1,726 million for the prior quarter and $1,667 million for the fourth quarter of last year. The sequential quarter decrease of $216 million was primarily due to expenses recognized in the third quarter, including the loss related to the expected sale of affordable housing investments, the charitable contribution of the KO shares to the SunTrust Foundation, and severance expense. Also contributing to the decline was lower employee compensation and benefits in the current quarter. Compared to the fourth quarter of 2011, the $157 million noninterest expense decline was due to lower operating losses, including an accrual for a potential national mortgage servicing settlement recognized last year, as well as decreases in credit-related expenses. This was partially offset by higher personnel expenses.

Employee compensation and benefits expense decreased $42 million on a sequential quarter basis, primarily due to a reduction in contract labor costs, lower salaries attributable to a reduction of over 1,200 full-time equivalent employees during the quarter, and lower incentive compensation associated with the third quarter accelerated vesting of certain benefits due to organizational changes. Compared to the fourth quarter of last year, the $114 million increase in employee compensation and benefits expense was due in part to the fourth quarter of 2011 gain of $60 million

recognized in connection with the curtailment of the Company's defined benefit pension plans, net of a discretionary 401(k) contribution. Incentive compensation was also higher in 2012, as the fourth quarter of 2011 included a year-end reduction to incentive pools, and 2012 business performance was improved. These increases were partially offset by lower salaries due to the reduction of over 2,400 full-time equivalent employees since December 31, 2011.

Operating losses increased $6 million compared to the prior quarter and decreased $139 million compared to the fourth quarter of last year. During the fourth quarter, SunTrust and nine other mortgage servicing companies entered into an agreement in principle with the Federal Reserve Board and the Office of the Comptroller of the Currency regarding the Independent Foreclosure Review. SunTrust's cash portion of the settlement was $63 million; $32 million was recognized as an operating loss during the current quarter, and $31 million had been accrued previously. The Company's portion of the settlement also includes providing $100 million in relief to borrowers. No accrual has been made for this portion of the settlement, as it is expected to substantially be covered via the Company's allowance for loan losses and other activities. The decrease in operating losses from the fourth quarter of last year primarily relates to the recognition of a $120 million liability related to the potential national mortgage servicing settlement established during the prior year, as well as lower mortgage servicing-related compensatory fees in the current quarter.

Other noninterest expense decreased $141 million from the prior quarter and $127 million from the fourth quarter of last year. The sequential quarter decline was primarily due to the third quarter $96 million loss related to the affordable housing investments and the third quarter $29 million severance expense. Additionally, credit-related expenses, which are comprised of other real estate expenses and credit and collection costs, declined $30 million compared to the prior quarter, primarily due to lower OREO losses. The decline from the prior year was primarily due to a $95 million reduction in credit-related expenses, as well as lower severance expense.

FDIC premiums and regulatory assessments decreased $13 million on a sequential quarter basis and declined $14 million compared to the fourth quarter of last year due to fluctuations in the Company's assessment rate. Outside processing and software increased $12 million on a sequential quarter basis and $14 million compared to the fourth quarter of last year, largely due to increased outsourced processing services. Amortization of intangible assets decreased $10 million on a sequential quarter basis primarily due to goodwill impairment associated with a wealth management business recognized in the prior quarter.

For the year, noninterest expense was $6.3 billion compared to $6.2 billion in 2011. The $89 million, or 1%, increase was primarily due to employee compensation and benefits expense and the affordable housing write-down, partially offset by lower credit-related expenses and the impact of the 2011 accrual for the potential national mortgage servicing settlement.

Income Taxes

For the fourth quarter of 2012, the Company recorded an income tax provision of $62 million compared to $551 million for the prior quarter and an income tax benefit of $57 million in the fourth quarter of last year. The effective tax rate was 15% in the fourth quarter of 2012 compared to 34% in the prior quarter. The decline in the effective tax rate from the prior quarter was primarily due to lower pre-tax earnings and the favorable impact in the fourth quarter associated with certain discrete tax items.

U.S. Treasury Preferred Dividends

The Company paid dividends to the U.S. Treasury on its $4.85 billion of TARP preferred securities through the first quarter of 2011. The Company redeemed these shares at the end of the first quarter of 2011 and, therefore, did not pay such dividends during 2012 or the last three quarters of 2011. The year ended December 31, 2011 included $66 million of preferred dividends paid to the U.S. Treasury and a $74 million, or $0.14 per common share, non-cash charge related to the unamortized discount that was recognized upon the redemption of the TARP preferred shares.

Balance Sheet

As of December 31, 2012, the Company had total assets of $173.4 billion and shareholders’ equity of $21.0 billion, representing 12% of total assets. Both book value and tangible book value per common share increased modestly compared to September 30, 2012, and were $37.59 and $25.98, respectively.

Loans

During the current quarter, the remaining sales of the loans announced as part of the Company's third quarter strategic actions were completed. This included the sale of $2.0 billion of student loans ($1.4 billion of which was classified as loans held for sale at the end of the third quarter and $0.6 billion of which was classified as loans held for investment), as well as the sale of $450 million of Ginnie Mae loans (which were classified as loans held for sale at the end of the third quarter). Additionally, the Company elected to sell an incremental approximate $175 million of Ginnie Mae loans, as well as $160 million in nonperforming mortgage and CRE loans. These loan sales resulted in average loans for the fourth quarter of 2012 declining to $121.6 billion from $124.1 billion during the prior quarter. This $2.5 billion, or 2%, decline was partially offset by increases in commercial and industrial and consumer indirect loans.

Average loans increased $2.1 billion, or 2%, over the fourth quarter of last year. Growth was primarily driven by commercial and industrial loans, which increased $4.2 billion, or 9%, as well as high credit-quality nonguaranteed residential loans and indirect loans that increased by $1.1 billion and $0.8 billion, respectively. Partially offsetting these increases were declines in commercial real estate, home equity loans, government guaranteed residential and student loans, and nonaccrual loans.

Securities Available for Sale

As of December 31, 2012, the Company's securities available for sale portfolio was $22.0 billion, an increase of $0.5 billion from September 30, 2012, and a decrease of $6.2 billion from December 31, 2011. The decline from the prior year related to the KO transaction and reduced holdings of agency mortgage-backed securities. For the fourth quarter of 2012, the yield on the securities portfolio declined 10 basis points sequentially to 2.68% and declined 46 basis points from the fourth quarter of last year. Approximately 29 basis points of the decline from the fourth quarter of last year was due to the forgone dividend income associated with the KO transaction.

Deposits

Average consumer and commercial deposits for the fourth quarter of 2012 were $127.9 billion compared to $125.4 billion and $125.1 billion for the prior quarter and fourth quarter of last year, respectively. The favorable shift in the deposit mix toward lower-cost accounts continued during the quarter, with a $1.6 billion, or 4%, increase in demand deposits, a $0.8 billion, or 3%, increase in interest bearing transaction accounts, and a $0.9 billion, or 2%, increase in money market accounts. These increases, a portion of which were likely due to year-end seasonality, were partially offset by a $0.8 billion, or 5%, decline in time deposits.

Compared to the fourth quarter of last year, average consumer and commercial deposits increased $2.8 billion, or 2%. Average demand deposits increased $5.4 billion, or 16%, interest bearing transaction accounts increased $0.6 billion, or 2%, and savings accounts increased $0.6 billion, or 12%. The increases were partially offset by a decline of $3.3 billion, or 18%, in time deposits and $0.4 billion, or 1%, in money market accounts.

Capital and Liquidity

The Company’s estimated capital ratios are well above current regulatory requirements with Tier 1 capital and Tier 1 common ratios increasing to an estimated 11.10% and 10.00%, respectively, at year-end. The ratios of total average equity to total average assets and tangible equity to tangible assets were 11.82% and 8.82%, respectively, as of December 31, 2012, each increasing from the prior quarter and fourth quarter of last year. The Company continues to have substantial available liquidity provided in the form of its client deposit base and other available funding resources, as well as its portfolio of high-quality government-backed securities and cash.

During December 2012, the Company issued 4,500 shares, or $450 million, of Series E Preferred Stock. The stock has no par value, a liquidation preference of $100,000 per share, and pays dividends quarterly, if and when declared, at an annual rate of 5.875%. Dividends may not be declared or paid on SunTrust common stock in any quarter that dividends have not been paid or declared and funds set aside for the Series E preferred stock. Additionally, dividends are noncumulative, and the Company has the ability to redeem the shares in whole or in part beginning on March 15, 2018.

Asset Quality

Asset quality continued to improve during the quarter, with declines in nonperforming loans and nonperforming assets. Nonperforming loans totaled $1.5 billion as of December 31, 2012, down $184 million, or 11%, relative to the prior quarter. Commercial loans were the primary driver of the decline. During the current quarter, the Company reclassified mortgage and consumer loans that were discharged as a result of Chapter 7 bankruptcy, resulting in a $232 million increase to nonperforming loans. Although the vast majority of the post-Chapter 7 bankruptcy loans are current, these loans were moved to nonperforming in order to align the Company's accounting with others in the industry who adopted this treatment in the third quarter as result of guidance issued by the OCC. As previously noted, approximately $160 million of nonperforming mortgage and CRE loans were sold during the quarter.

Compared to December 31, 2011, nonperforming loans declined $1.4 billion, or 47%, with reductions across all loan categories, most significantly in residential mortgages, commercial construction, and commercial real estate. At the end of the fourth quarter of 2012, the percentage of nonperforming loans to total loans was 1.27%, down from 1.42% and 2.37% at the end of the prior quarter and the fourth quarter of last year, respectively. Other real estate owned totaled $264 million at the end of the current quarter, down 13% on a sequential quarter basis and down 45% since December 31, 2011.

Net charge-offs were $398 million in the fourth quarter of 2012 compared to $511 million for the prior quarter and $472 million for the fourth quarter of last year. The current quarter charge-offs included $79 million related to the discharged Chapter 7 bankruptcy loans and $39 million associated with the aforementioned nonperforming loan sales. Third quarter net charge-offs included $172 million related to nonperforming loan sales and $65 million related to a junior lien credit policy change. Excluding the impacts of nonperforming loan sales and policy changes from both quarters, net charge-offs were relatively stable between the third and fourth quarters. The decline in net charge-offs from the prior year was primarily driven by commercial loans, partially offset by the items noted above.

The ratio of annualized net charge-offs to total average loans was 1.30% for the current quarter, 1.64% in the prior quarter, and 1.57% in the fourth quarter of last year. Charge-offs resulting from the sales of nonperforming loans and credit policy changes in the current and prior quarters added 38 basis points and 76 basis points, respectively, to the ratio. The provision for credit losses was $328 million, a decrease of $122 million from the prior quarter and stable compared to the fourth quarter of last year. The aforementioned nonperforming loan sales and credit policy changes increased the provision in both the third and fourth quarters.

As of December 31, 2012, the allowance for loan losses was $2.2 billion and represented 1.80% of total loans, down four basis points from September 30, 2012. Excluding government guaranteed loans, the allowance for loan losses was 1.95% of total loans. The $65 million decline in the allowance for loan losses during the fourth quarter of 2012 reflects the continued improvement in asset quality.

Early stage delinquencies decreased two basis points from the end of the prior quarter to 0.93% at December 31, 2012. The decline was primarily due to residential mortgages. Excluding government-guaranteed loans, early stage delinquencies were 0.48%, a decrease of five basis points from September 30, 2012.

Accruing restructured loans totaled $2.5 billion, and nonaccruing restructured loans totaled $0.6 billion as of December 31, 2012. The Chapter 7 bankruptcy policy change resulted in nonaccruing restructured loans increasing from $0.5 billion at the end of the prior quarter. $2.8 billion of restructured loans related to residential loans, $0.2 billion were commercial loans, and $0.1 billion related to consumer loans.

LINE OF BUSINESS FINANCIAL PERFORMANCE

Line of Business Results

The Company has included line of business financial tables as part of this release on the Investor Relations portion of its website at www.suntrust.com/investorrelations. The Company’s business segments include: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking. All revenue in the line of business tables is reported on a fully taxable-equivalent basis. For the lines of business, results include net interest income, which is computed using matched-maturity funds transfer pricing. Further, provision for loan losses is represented by net charge-offs. SunTrust also reports results for Corporate Other, which includes the Treasury department as well as the residual expense associated with operational and support expense allocations. The Corporate Other segment also includes differences created between internal management accounting practices and generally accepted accounting principles ("GAAP"), certain matched-maturity funds transfer pricing credits and charges, differences in provision for loan losses compared to net charge-offs, as well as equity and its related impact. A detailed discussion of the line of business results will be included in the Company’s forthcoming Annual Report on Form 10-K.

Corresponding Financial Tables and Information

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

Conference Call

SunTrust management will host a conference call on January 18, 2013, at 8:00 a.m. (Eastern Time) to discuss the earnings results and business trends. Individuals may call in beginning at 7:45 a.m. (Eastern Time) by dialing 1-888-972-7805 (Passcode: 4Q12). Individuals calling from outside the United States should dial 1-517-308-9091 (Passcode: 4Q12). A replay of the call will be available approximately one hour after the call ends on January 18, 2013, and will remain available until February 18, 2013, by dialing 1-800-813-5534 (domestic) or 1-203-369-3348 (international). Alternatively, individuals may listen to the live webcast of the presentation by visiting the SunTrust investor relations website at www.suntrust.com/investorrelations. Beginning the afternoon of January 18, 2013, listeners may access an archived version of the webcast in the “Recent Earnings and Conference Presentations” subsection found on the investor relations webpage. This webcast will be archived and available for one year. A link to the Investor Relations page is also found in the footer of the SunTrust home page.

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

Important Cautionary Statement About Forward-Looking Statements

This news release includes non-GAAP financial measures to describe SunTrust’s performance. The reconciliations of those measures to GAAP measures are provided within or in the appendix to this news release. In this news release, the Company presents net interest income and net interest margin on a fully taxable-equivalent (“FTE”) basis, and ratios on an annualized basis. The FTE basis adjusts for the tax-favored status of income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and provides relevant comparison between taxable and non-taxable amounts.

This news release may contains forward-looking statements. Statements that do not describe historical or current facts, is a forward-looking statement. These statements often include the words “believes,” “expects,” “anticipates,”

“estimates,” “intends,” “plans,” “goals,” “targets,” “initiatives,” “potentially,” “probably,” “projects,” “outlook” or similar expressions or future conditional verbs such as “may,” “will,” “should,” “would,” and “could.” Forward-looking statements are based upon the current beliefs and expectations of management and on information currently available to management. Our statements speak as of the date hereof, and we do not assume any obligation to update these statements or to update the reasons why actual results could differ from those contained in such statements in light of new information or future events.

Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward-looking statements. Factors that could cause actual results to differ materially from those described in the forward-looking statements can be found in Part I, “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2011 and in other periodic reports that we file with the SEC.

SunTrust Banks, Inc. and Subsidiaries

FINANCIAL HIGHLIGHTS

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



	Three Months Ended December 31						%		Twelve Months Ended December 31						%
	2012			2011			Change ⁴		2012			2011			Change ⁴
EARNINGS & DIVIDENDS
Net income		$356			$74		NM			$1,958			$647		NM
Net income available to common shareholders	350			71			NM		1,931			495			NM
Total revenue - FTE ^{1, 2}	2,291			2,047			12	%	10,598			8,600			23	%
Total revenue - FTE excluding securities gains, net ^{1, 2}	2,290			2,028			13		8,624			8,483			2
Net income per average common share
Diluted	0.65			0.13			NM		3.59			0.94			NM
Diluted excluding effect of accelerated accretion associated with repurchase of preferred stock issued to the U.S. Treasury ¹	0.65			0.13			NM		3.59			1.08			NM
Basic	0.66			0.13			NM		3.62			0.94			NM
Dividends paid per common share	0.05			0.05			—		0.20			0.12			67
CONDENSED BALANCE SHEETS
Selected Average Balances
Total assets		$174,510			$174,085		—	%		$176,134			$172,440		2	%
Earning assets	151,225			151,561			—		153,479			147,802			4
Loans	121,587			119,474			2		122,893			116,308			6
Consumer and commercial deposits	127,907			125,072			2		126,249			122,672			3
Brokered time and foreign deposits	2,266			2,293			(1	)	2,255			2,386			(5	)
Total shareholders’ equity	20,630			20,208			2		20,495			20,696			(1	)
As of
Total assets	173,442			176,859			(2	)
Earning assets	151,223			154,696			(2	)
Loans	121,470			122,495			(1	)
Allowance for loan and lease losses	2,174			2,457			(12	)
Consumer and commercial deposits	130,180			125,611			4
Brokered time and foreign deposits	2,136			2,311			(8	)
Total shareholders’ equity	20,985			20,066			5
FINANCIAL RATIOS & OTHER DATA
Return on average total assets	0.81		%	0.17		%	NM		1.11		%	0.38		%	NM
Return on average common shareholders’ equity	6.86			1.41			NM		9.56			2.56			NM
Net interest margin ²	3.36			3.46			(3	)%	3.40			3.50			(3	)%
Efficiency ratio ²	65.93			81.45			(19	)	59.67			72.49			(18	)
Tangible efficiency ratio ^{1, 2}	65.63			80.99			(19	)	59.24			71.99			(18	)
Effective tax rate ⁴	14.86			NM			NM		28.29			10.84			NM
Tier 1 common equity ³	10.00			9.22			8
Tier 1 capital ³	11.10			10.90			2
Total capital ³	13.45			13.67			(2	)
Tier 1 leverage ³	8.91			8.75			2
Total average shareholders’ equity to total average assets	11.82			11.61			2		11.64			12.00			(3	)
Tangible equity to tangible assets ¹	8.82			8.10			9

Book value per common share		$37.59			$36.86		2
Tangible book value per common share ¹	25.98			25.18			3
Market price:
High	30.64			21.31			44		30.79			33.14			(7	)
Low	25.30			15.79			60		18.07			15.79			14
Close	28.35			17.70			60		28.35			17.70			60
Market capitalization	15,279			9,504			61
Average common shares outstanding (000s)
Diluted	539,618			535,717			1		538,061			527,618			2
Basic	535,012			532,146			1		534,149			523,995			2
Full-time equivalent employees	26,778			29,182			(8	)
Number of ATMs	2,923			2,899			1
Full service banking offices	1,616			1,659			(3	)


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

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


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


⁴	“NM” - Not meaningful. Calculated percentage was not considered to be meaningful.

SunTrust Banks, Inc. and Subsidiaries

FIVE QUARTER FINANCIAL HIGHLIGHTS

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



	Three Months Ended
	December 31			September 30			June 30			March 31			December 31
	2012			2012			2012			2012			2011
EARNINGS & DIVIDENDS
Net income		$356			$1,077			$275			$250			$74
Net income available to common shareholders	350			1,066			270			245			71
Total revenue - FTE ^{1, 2}	2,291			3,843			2,246			2,218			2,047
Total revenue - FTE excluding securities gains, net ^{1, 2}	2,290			1,902			2,232			2,200			2,028
Net income per average common share
Diluted	0.65			1.98			0.50			0.46			0.13
Basic	0.66			1.99			0.51			0.46			0.13
Dividends paid per common share	0.05			0.05			0.05			0.05			0.05
CONDENSED BALANCE SHEETS
Selected Average Balances
Total assets		$174,510			$175,282			$177,915			$176,855			$174,085
Earning assets	151,225			153,207			154,890			154,623			151,561
Loans	121,587			124,080			123,365			122,542			119,474
Consumer and commercial deposits	127,907			125,353			125,885			125,843			125,072
Brokered time and foreign deposits	2,266			2,237			2,243			2,274			2,293
Total shareholders’ equity	20,630			20,619			20,472			20,256			20,208
As of
Total assets	173,442			173,181			178,257			178,226			176,859
Earning assets	151,223			152,472			153,939			154,950			154,696
Loans	121,470			121,817			124,560			122,691			122,495
Allowance for loan and lease losses	2,174			2,239			2,300			2,348			2,457
Consumer and commercial deposits	130,180			124,898			126,145			127,718			125,611
Brokered time and foreign deposits	2,136			2,328			2,258			2,314			2,311
Total shareholders’ equity	20,985			20,399			20,568			20,241			20,066
FINANCIAL RATIOS & OTHER DATA
Return on average total assets	0.81		%	2.45		%	0.62		%	0.57		%	0.17		%
Return on average common shareholders’ equity	6.86			20.84			5.37			4.94			1.41
Net interest margin ²	3.36			3.38			3.39			3.49			3.46
Efficiency ratio ²	65.93			44.90			68.83			69.50			81.45
Tangible efficiency ratio ^{1, 2}	65.63			44.47			68.33			69.02			80.99
Effective tax rate ⁴	14.86			33.82			24.85			21.55			NM
Tier 1 common equity ³	10.00			9.82			9.40			9.33			9.22
Tier 1 capital ³	11.10			10.57			10.15			11.00			10.90
Total capital ³	13.45			12.95			12.84			13.73			13.67
Tier 1 leverage ³	8.91			8.49			8.15			8.77			8.75
Total average shareholders’ equity to total average assets	11.82			11.76			11.51			11.45			11.61
Tangible equity to tangible assets ¹	8.82			8.48			8.31			8.14			8.10

Book value per common share		$37.59			$37.35			$37.69			$37.11			$36.86
Tangible book value per common share ¹	25.98			25.72			26.02			25.49			25.18
Market price:
High	30.64			30.79			24.83			24.93			21.31
Low	25.30			22.34			20.96			18.07			15.79
Close	28.35			28.27			24.23			24.17			17.70
Market capitalization	15,279			15,232			13,045			13,005			9,504
Average common shares outstanding (000s)
Diluted	539,618			538,699			537,495			536,407			535,717
Basic	535,012			534,506			533,964			533,100			532,146
Full-time equivalent employees	26,778			28,000			28,324			28,615			29,182
Number of ATMs	2,923			2,914			2,906			2,914			2,899
Full service banking offices	1,616			1,633			1,641			1,651			1,659


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


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

⁴“NM” - Not meaningful. Calculated percentage was not considered to be meaningful.

SunTrust Banks, Inc. and Subsidiaries

CONSOLIDATED STATEMENTS OF INCOME

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



	Three Months Ended					Increase/(Decrease) ²					Twelve Months Ended					Increase/(Decrease) ²
	December 31					Increase/(Decrease) ²					December 31					Increase/(Decrease) ²
	2012		2011			Amount			%		2012		2011			Amount			%
Interest income		$1,396		$1,543			($147	)	(10	)%		$5,867		$6,181			($314	)	(5	)%
Interest expense	150		249			(99		)	(40	)	765		1,116			(351		)	(31	)
NET INTEREST INCOME	1,246		1,294			(48		)	(4	)	5,102		5,065			37			1
Provision for credit losses	328		327			1			—		1,395		1,513			(118		)	(8	)
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	918		967			(49		)	(5	)	3,707		3,552			155			4
NONINTEREST INCOME
Service charges on deposit accounts	173		176			(3		)	(2	)	676		685			(9		)	(1	)
Trust and investment management income	125		127			(2		)	(2	)	512		531			(19		)	(4	)
Retail investment services	60		55			5			9		241		230			11			5
Other charges and fees	117		121			(4		)	(3	)	478		507			(29		)	(6	)
Investment banking income	112		87			25			29		342		317			25			8
Trading income	65		77			(12		)	(16	)	211		248			(37		)	(15	)
Card fees	58		62			(4		)	(6	)	240		371			(131		)	(35	)
Mortgage production related income/(loss)	241		(62		)	303			NM		343		(5		)	348			NM
Mortgage servicing related income	45		22			23			NM		260		224			36			16
Other noninterest income	18		39			(21		)	(54	)	96		196			(100		)	(51	)
Net securities gains	1		19			(18		)	(95	)	1,974		117			1,857			NM
Total noninterest income	1,015		723			292			40		5,373		3,421			1,952			57
NONINTEREST EXPENSE
Employee compensation and benefits	738		624			114			18		3,077		2,876			201			7
Net occupancy expense	91		88			3			3		359		356			3			1
Outside processing and software	183		169			14			8		710		653			57			9
Equipment expense	48		46			2			4		188		178			10			6
Marketing and customer development	50		59			(9		)	(15	)	184		184			—			—
Amortization/impairment of intangible assets/goodwill	7		9			(2		)	(22	)	46		43			3			7
Net loss/(gain) on extinguishment of debt	1		—			1			NM		16		(3		)	19			NM
Operating losses	77		216			(139		)	(64	)	277		377			(100		)	(27	)
FDIC premium/regulatory exams	54		68			(14		)	(21	)	233		300			(67		)	(22	)
Other noninterest expense	261		388			(127		)	(33	)	1,233		1,270			(37		)	(3	)
Total noninterest expense	1,510		1,667			(157		)	(9	)	6,323		6,234			89			1
INCOME BEFORE PROVISION/(BENEFIT) FOR INCOME TAXES	423		23			400			NM		2,757		739			2,018			NM
Provision/(benefit) for income taxes	62		(57		)	119			NM		773		79			694			NM
INCOME INCLUDING INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	361		80			281			NM		1,984		660			1,324			NM
Net income attributable to noncontrolling interest	5		6			(1		)	(17	)	26		13			13			100
NET INCOME		$356		$74			$282		NM			$1,958		$647			$1,311		NM
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS		$350		$71			$279		NM			$1,931		$495			$1,436		NM
Net interest income - FTE ¹	1,276		1,324			(48		)	(4	)	5,225		5,179			46			1
Net income per average common share
Diluted	0.65		0.13			0.52			NM		3.59		0.94			2.65			NM
Basic	0.66		0.13			0.53			NM		3.62		0.94			2.68			NM
Cash dividends paid per common share	0.05		0.05			—			—		0.20		0.12			0.08			67
Average common shares outstanding (000s)
Diluted	539,618		535,717			3,901			1		538,061		527,618			10,443			2
Basic	535,012		532,146			2,866			1		534,149		523,995			10,154			2

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

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 millions, except per share data) (Unaudited)



	Three Months Ended										Three Months Ended
	December 31		September 30			Increase/(Decrease) ²					June 30		March 31		December 31
	2012		2012			Amount			%		2012		2012		2011
Interest income		$1,396		$1,445			($49	)	(3	)%		$1,492		$1,534		$1,543
Interest expense	150		174			(24		)	(14	)	218		223		249
NET INTEREST INCOME	1,246		1,271			(25		)	(2	)	1,274		1,311		1,294
Provision for credit losses	328		450			(122		)	(27	)	300		317		327
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	918		821			97			12		974		994		967
NONINTEREST INCOME
Service charges on deposit accounts	173		172			1			1		167		164		176
Trust and investment management income	125		127			(2		)	(2	)	130		130		127
Retail investment services	60		60			—			—		62		59		55
Other charges and fees	117		116			1			1		130		115		121
Investment banking income	112		83			29			35		75		71		87
Trading income	65		19			46			NM		70		57		77
Card fees	58		55			3			5		66		61		62
Mortgage production related income/(loss)	241		(64		)	305			NM		103		63		(62		)
Mortgage servicing related income	45		64			(19		)	(30	)	70		81		22
Other noninterest income/(loss)	18		(31		)	49			NM		53		57		39
Net securities gains	1		1,941			(1,940		)	(100	)	14		18		19
Total noninterest income	1,015		2,542			(1,527		)	(60	)	940		876		723
NONINTEREST EXPENSE
Employee compensation and benefits	738		780			(42		)	(5	)	762		797		624
Net occupancy expense	91		92			(1		)	(1	)	88		88		88
Outside processing and software	183		171			12			7		180		176		169
Equipment expense	48		49			(1		)	(2	)	46		45		46
Marketing and customer development	50		75			(25		)	(33	)	32		27		59
Amortization/impairment of intangible assets/goodwill	7		17			(10		)	(59	)	11		11		9
Net loss on extinguishment of debt	1		2			(1		)	(50	)	13		—		—
Operating losses	77		71			6			8		69		60		216
FDIC premium/regulatory exams	54		67			(13		)	(19	)	60		52		68
Other noninterest expense	261		402			(141		)	(35	)	285		285		388
Total noninterest expense	1,510		1,726			(216		)	(13	)	1,546		1,541		1,667
INCOME BEFORE PROVISION/(BENEFIT) FOR INCOME TAXES	423		1,637			(1,214		)	(74	)	368		329		23
Provision/(benefit) for income taxes	62		551			(489		)	(89	)	91		69		(57		)
INCOME INCLUDING INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	361		1,086			(725		)	(67	)	277		260		80
Net income attributable to noncontrolling interest	5		9			(4		)	(44	)	2		10		6
NET INCOME		$356		$1,077			($721	)	(67	%)		$275		$250		$74
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS		$350		$1,066			($716	)	(67	%)		$270		$245		$71
Net interest income - FTE ¹	1,276		1,301			(25		)	(2	)	1,306		1,342		1,324
Net income per average common share
Diluted	0.65		1.98			(1.33		)	(67	)	0.50		0.46		0.13
Basic	0.66		1.99			(1.33		)	(67	)	0.51		0.46		0.13
Cash dividends paid per common share	0.05		0.05			—			—		0.05		0.05		0.05
Average common shares outstanding (000s)
Diluted	539,618		538,699			919			—		537,495		536,407		535,717
Basic	535,012		534,506			506			—		533,964		533,100		532,146


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


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

SunTrust Banks, Inc. and Subsidiaries

CONSOLIDATED BALANCE SHEETS

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



	As of December 31						Increase/(Decrease)²
	2012			2011			Amount			%
ASSETS
Cash and due from banks		$7,134			$3,696			$3,438		93	%
Federal funds sold and securities borrowed or purchased under agreements to resell	1,101			792			309			39
Interest-bearing deposits in other banks	22			21			1			5
Trading assets	6,049			6,279			(230		)	(4	)
Securities available for sale	21,953			28,117			(6,164		)	(22	)
Loans held for sale	3,399			2,353			1,046			44
Loans held for investment:
Commercial and industrial	54,048			49,538			4,510			9
Commercial real estate	4,127			5,094			(967		)	(19	)
Commercial construction	713			1,240			(527		)	(43	)
Residential mortgages - guaranteed	4,252			6,672			(2,420		)	(36	)
Residential mortgages - nonguaranteed	23,389			23,243			146			1
Residential home equity products	14,805			15,765			(960		)	(6	)
Residential construction	753			980			(227		)	(23	)
Consumer student loans - guaranteed	5,357			7,199			(1,842		)	(26	)
Consumer other direct	2,396			2,059			337			16
Consumer indirect	10,998			10,165			833			8
Consumer credit cards	632			540			92			17
Total loans held for investment	121,470			122,495			(1,025		)	(1	)
Allowance for loan and lease losses	(2,174		)	(2,457		)	(283		)	(12	)
Net loans held for investment	119,296			120,038			(742		)	(1	)
Goodwill	6,369			6,344			25			—
Other intangible assets	956			1,017			(61		)	(6	)
Other real estate owned	264			479			(215		)	(45	)
Other assets	6,899			7,723			(824		)	(11	)
Total assets¹		$173,442			$176,859			($3,417	)	(2	%)
LIABILITIES
Deposits:
Noninterest-bearing consumer and commercial deposits		$39,481			$34,359			$5,122		15	%
Interest-bearing consumer and commercial deposits:
NOW accounts	27,617			26,171			1,446			6
Money market accounts	42,846			42,312			534			1
Savings	5,314			4,664			650			14
Consumer time	9,569			11,661			(2,092		)	(18	)
Other time	5,353			6,444			(1,091		)	(17	)
Total consumer and commercial deposits	130,180			125,611			4,569			4
Brokered time deposits	2,136			2,281			(145		)	(6	)
Foreign deposits	—			30			(30		)	(100	)
Total deposits	132,316			127,922			4,394			3
Funds purchased	617			839			(222		)	(26	)
Securities sold under agreements to repurchase	1,574			1,644			(70		)	(4	)
Other short-term borrowings	3,303			8,983			(5,680		)	(63	)
Long-term debt	9,357			10,908			(1,551		)	(14	)
Trading liabilities	1,161			1,806			(645		)	(36	)
Other liabilities	4,129			4,691			(562		)	(12	)
Total liabilities	152,457			156,793			(4,336		)	(3	)
SHAREHOLDERS' EQUITY
Preferred stock, no par value	725			275			450			NM
Common stock, $1.00 par value	550			550			—			—
Additional paid in capital	9,174			9,306			(132		)	(1	)
Retained earnings	10,817			8,978			1,839			20
Treasury stock, at cost, and other	(590		)	(792		)	(202		)	(26	)
Accumulated other comprehensive income	309			1,749			(1,440		)	(82	)
Total shareholders' equity	20,985			20,066			919			5
Total liabilities and shareholders' equity		$173,442			$176,859			($3,417	)	(2	%)

Common shares outstanding	538,959			536,967			1,992			—	%
Common shares authorized	750,000			750,000			—			—
Preferred shares outstanding	7			3			4			NM
Preferred shares authorized	50,000			50,000			—			—
Treasury shares of common stock	10,962			12,954			(1,992		)	(15	)

¹Includes earning assets of $151,223 and $154,696 as of December 31, 2012 and 2011, respectively.

²“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 millions and shares in thousands) (Unaudited)



	As of											As of
	December 31			September 30			Increase/(Decrease)²					June 30			March 31			December 31
	2012			2012			Amount			%		2012			2012			2011
ASSETS
Cash and due from banks		$7,134			$4,655			$2,479		53	%		$5,781			$5,019			$3,696
Federal funds sold and securities borrowed or purchased under agreements to resell	1,101			930			171			18		937			941			792
Interest-bearing deposits in other banks	22			22			—			—		21			21			21
Trading assets	6,049			6,381			(332		)	(5	)	6,327			6,316			6,279
Securities available for sale	21,953			21,467			486			2		24,409			27,323			28,117
Loans held for sale	3,399			5,205			(1,806		)	(35	)	3,123			2,749			2,353
Loans held for investment:
Commercial and industrial	54,048			52,407			1,641			3		52,030			50,189			49,538
Commercial real estate	4,127			4,491			(364		)	(8	)	4,825			4,910			5,094
Commercial construction	713			808			(95		)	(12	)	959			1,086			1,240
Residential mortgages - guaranteed	4,252			4,823			(571		)	(12	)	5,663			6,447			6,672
Residential mortgages - nonguaranteed	23,389			23,925			(536		)	(2	)	24,405			23,653			23,243
Residential home equity products	14,805			15,019			(214		)	(1	)	15,281			15,472			15,765
Residential construction	753			805			(52		)	(6	)	853			924			980
Consumer student loans - guaranteed	5,357			5,823			(466		)	(8	)	7,248			7,186			7,199
Consumer other direct	2,396			2,341			55			2		2,225			2,152			2,059
Consumer indirect	10,998			10,781			217			2		10,506			10,145			10,165
Consumer credit cards	632			594			38			6		565			527			540
Total loans held for investment	121,470			121,817			(347		)	—		124,560			122,691			122,495
Allowance for loan and lease losses	(2,174		)	(2,239		)	(65		)	(3	)	(2,300		)	(2,348		)	(2,457		)
Net loans held for investment	119,296			119,578			(282		)	—		122,260			120,343			120,038
Goodwill	6,369			6,369			—			—		6,376			6,344			6,344
Other intangible assets	956			896			60			7		939			1,155			1,017
Other real estate owned	264			304			(40		)	(13	)	331			411			479
Other assets	6,899			7,374			(475		)	(6	)	7,753			7,604			7,723
Total assets¹		$173,442			$173,181			$261		—	%		$178,257			$178,226			$176,859
LIABILITIES
Deposits:
Noninterest-bearing consumer and commercial deposits		$39,481			$37,592			$1,889		5	%		$37,394			$36,771			$34,359
Interest-bearing consumer and commercial deposits:
NOW accounts	27,617			25,147			2,470			10		25,229			25,502			26,171
Money market accounts	42,846			41,395			1,451			4		41,740			42,683			42,312
Savings	5,314			5,189			125			2		5,191			5,134			4,664
Consumer time	9,569			9,941			(372		)	(4	)	10,581			11,306			11,661
Other time	5,353			5,634			(281		)	(5	)	6,010			6,322			6,444
Total consumer and commercial deposits	130,180			124,898			5,282			4		126,145			127,718			125,611
Brokered time deposits	2,136			2,198			(62		)	(3	)	2,208			2,284			2,281
Foreign deposits	—			130			(130		)	(100	)	50			30			30
Total deposits	132,316			127,226			5,090			4		128,403			130,032			127,922
Funds purchased	617			680			(63		)	(9	)	847			908			839
Securities sold under agreements to repurchase	1,574			1,630			(56		)	(3	)	1,583			1,781			1,644
Other short-term borrowings	3,303			6,511			(3,208		)	(49	)	7,098			6,878			8,983
Long-term debt	9,357			10,765			(1,408		)	(13	)	13,076			11,894			10,908
Trading liabilities	1,161			1,458			(297		)	(20	)	1,782			1,554			1,806
Other liabilities	4,129			4,512			(383		)	(8	)	4,900			4,938			4,691
Total liabilities	152,457			152,782			(325		)	—		157,689			157,985			156,793
SHAREHOLDERS’ EQUITY
Preferred stock, no par value	725			275			450			NM		275			275			275
Common stock, $1.00 par value	550			550			—			—		550			550			550
Additional paid in capital	9,174			9,195			(21		)	—		9,218			9,243			9,306
Retained earnings	10,817			10,491			326			3		9,443			9,198			8,978
Treasury stock, at cost, and other	(590		)	(616		)	(26		)	(4	)	(661		)	(699		)	(792		)
Accumulated other comprehensive income	309			504			(195		)	(39	)	1,743			1,674			1,749
Total shareholders’ equity	20,985			20,399			586			3		20,568			20,241			20,066
Total liabilities and shareholders’ equity		$173,442			$173,181			$261		—	%		$178,257			$178,226			$176,859

Common shares outstanding	538,959			538,821			138			—	%	538,398			538,056			536,967
Common shares authorized	750,000			750,000			—			—		750,000			750,000			750,000
Preferred shares outstanding	7			3			4			NM		3			3			3
Preferred shares authorized	50,000			50,000			—			—		50,000			50,000			50,000
Treasury shares of common stock	10,962			11,100			(138		)	(1	)	11,522			11,865			12,954

¹Includes earning assets of $151,223, $152,472, $153,939, $154,950, and $154,696 as of December 31, 2012, September 30, 2012, June 30, 2012, March 31, 2012, and December 31, 2011, respectively.

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



SunTrust Banks, Inc. and Subsidiaries CONSOLIDATED DAILY AVERAGE BALANCES, AVERAGE YIELDS EARNED AND RATES PAID (Dollars in millions; yields on taxable-equivalent basis) (Unaudited)
	Three Months Ended														Increase/(Decrease) From
	December 31, 2012							September 30, 2012							Sequential Quarter					Prior Year Quarter
	Average Balances			Interest Income/ Expense		Yields/ Rates		Average Balances			Interest Income/ Expense		Yields/ Rates		Average Balances			Yields/ Rates		Average Balances			Yields/ Rates
ASSETS
Loans:
Commercial and industrial - FTE ¹		$52,628			$575	4.34	%		$51,923			$578	4.43	%		$705		(0.09	)%	$4,167			(0.63	)%
Commercial real estate	4,228			39		3.66		4,525			41		3.56		(297		)	0.10		(683		)	(0.07	)
Commercial construction	701			6		3.63		784			7		3.74		(83		)	(0.11	)	(285		)	(0.27	)
Residential mortgages - guaranteed	4,606			29		2.49		5,432			37		2.76		(826		)	(0.27	)	(694		)	(0.82	)
Residential mortgages - nonguaranteed	22,917			248		4.32		22,905			256		4.47		12			(0.15	)	1,065			(0.47	)
Home equity products	14,639			135		3.66		14,866			138		3.68		(227		)	(0.02	)	(878		)	(0.06	)
Residential construction	659			8		5.01		667			9		5.44		(8		)	(0.43	)	(121		)	(0.28	)
Guaranteed student loans	5,773			55		3.78		7,183			71		3.92		(1,410		)	(0.14	)	(197		)	(0.29	)
Other direct	2,348			25		4.22		2,266			25		4.35		82			(0.13	)	350			(0.35	)
Indirect	10,883			101		3.70		10,584			102		3.84		299			(0.14	)	825			(0.43	)
Credit cards	605			14		9.50		577			14		9.87		28			(0.37	)	64			(1.31	)
Nonaccrual	1,600			9		2.26		2,368			8		1.37		(768		)	0.89		(1,500		)	1.08
Total loans	121,587			1,244		4.07		124,080			1,286		4.12		(2,493		)	(0.05	)	2,113			(0.37	)
Securities available for sale:
Taxable	20,290			134		2.64		20,424			140		2.74		(134		)	(0.10	)	(4,411		)	(0.46	)
Tax-exempt - FTE¹	328			4		5.27		350			5		5.29		(22		)	(0.02	)	(128		)	(0.18	)
Total securities available for sale	20,618			138		2.68		20,774			145		2.78		(156		)	(0.10	)	(4,539		)	(0.46	)
Securities purchased under agreements to resell	980			—		0.08		952			—		0.05		28			0.03		130			0.04
Loans held for sale	3,769			28		2.94		3,294			29		3.48		475			(0.54	)	1,601			(1.16	)
Interest-bearing deposits	23			—		0.14		21			—		0.26		2			(0.12	)	2			(0.03	)
Interest earning trading assets	4,248			16		1.55		4,086			15		1.49		162			0.06		357			(0.02	)
Total earning assets	151,225			1,426		3.75		153,207			1,475		3.83		(1,982		)	(0.08	)	(336		)	(0.37	)
Allowance for loan and lease losses	(2,238		)					(2,193		)					(45		)			298
Cash and due from banks	8,048							4,579							3,469					3,720
Other assets	14,454							14,810							(356		)			(1,166		)
Noninterest earning trading assets	2,074							2,172							(98		)			(212		)
Unrealized gains on securities available for sale, net	947							2,707							(1,760		)			(1,879		)
Total assets		$174,510							$175,282							($772	)				$425
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing deposits:
NOW accounts	$25,590				$5	0.08	%		$24,810			$6	0.09	%		$780		(0.01	)%		$596		(0.03	)%
Money market accounts	42,452			18		0.17		41,517			21		0.20		935			(0.03	)	(397		)	(0.11	)
Savings	5,231			1		0.08		5,190			1		0.09		41			(0.01	)	573			(0.04	)
Consumer time	9,731			29		1.17		10,202			32		1.26		(471		)	(0.09	)	(2,194		)	(0.39	)
Other time	5,489			18		1.31		5,771			21		1.42		(282		)	(0.11	)	(1,104		)	(0.39	)
Total interest-bearing consumer and commercial deposits	88,493			71		0.32		87,490			81		0.37		1,003			(0.05	)	(2,526		)	(0.18	)
Brokered time deposits	2,152			15		2.71		2,189			17		3.03		(37		)	(0.32	)	(107		)	(1.49	)
Foreign deposits	114			—		0.17		48			—		0.17		66			—		80			(3.96	)
Total interest-bearing deposits	90,759			86		0.38		89,727			98		0.43		1,032			(0.05	)	(2,553		)	(0.21	)
Funds purchased	811			—		0.11		701			—		0.11		110			—		(158		)	0.01
Securities sold under agreements to repurchase	1,668			1		0.21		1,461			1		0.18		207			0.03		(229		)	0.07
Interest-bearing trading liabilities	719			4		2.12		702			4		2.62		17			(0.50	)	45			(0.14	)
Other short-term borrowings	5,057			4		0.32		6,664			5		0.30		(1,607		)	0.02		(25		)	0.04
Long-term debt	10,491			55		2.07		11,734			66		2.23		(1,243		)	(0.16	)	(2,266		)	(1.10	)
Total interest-bearing liabilities	109,505			150		0.54		110,989			174		0.62		(1,484		)	(0.08	)	(5,186		)	(0.32	)
Noninterest-bearing deposits	39,414							37,863							1,551					5,361
Other liabilities	4,322							4,832							(510		)			282
Noninterest-bearing trading liabilities	639							979							(340		)			(454		)
Shareholders’ equity	20,630							20,619							11					422
Total liabilities and shareholders’ equity		$174,510							$175,282							($772	)				$425
Interest Rate Spread						3.21	%						3.21	%				—	%				(0.05	)%
Net Interest Income - FTE¹					$1,276							$1,301
Net Interest Margin ²						3.36	%						3.38	%				(0.02	)%				(0.10	)%

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

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, continued (Dollars in millions; yields on taxable-equivalent basis) (Unaudited)
	Three Months Ended
	June 30, 2012							March 31, 2012							December 31, 2011
	Average Balances			Interest Income/ Expense		Yields/ Rates		Average Balances			Interest Income/ Expense		Yields/ Rates		Average Balances			Interest Income/ Expense		Yields/ Rates
ASSETS
Loans:
Commercial and industrial - FTE¹		$50,798			$578	4.58	%		$49,542			$599	4.86	%		$48,461			$607	4.97	%
Commercial real estate	4,582			42		3.65		4,737			44		3.72		4,911			46		3.73
Commercial construction	862			8		3.85		921			9		3.89		986			10		3.90
Residential mortgages - guaranteed	5,853			47		3.19		6,478			53		3.25		5,300			44		3.31
Residential mortgages -nonguaranteed	22,707			260		4.59		21,946			259		4.71		21,852			262		4.79
Home equity products	15,066			138		3.69		15,283			141		3.70		15,517			145		3.72
Residential construction	707			9		5.11		738			9		5.13		780			10		5.29
Guaranteed student loans	7,195			69		3.84		7,308			71		3.93		5,970			61		4.07
Other direct	2,186			24		4.37		2,100			23		4.45		1,998			23		4.57
Indirect	10,288			99		3.88		10,112			100		3.99		10,058			105		4.13
Credit cards	537			14		10.35		545			14		10.59		541			15		10.81
Nonaccrual	2,584			6		1.00		2,832			7		1.05		3,100			9		1.18
Total loans	123,365			1,294		4.22		122,542			1,329		4.36		119,474			1,337		4.44
Securities available for sale:
Taxable	22,569			176		3.13		24,250			190		3.14		24,701			192		3.10
Tax-exempt - FTE ¹	375			5		5.32		420			6		5.41		456			6		5.45
Total securities available for sale	22,944			181		3.16		24,670			196		3.17		25,157			198		3.14
Securities purchased under agreements to resell	924			—		0.01		731			—		0.03		850			—		0.04
Loans held for sale	3,352			31		3.65		2,649			25		3.70		2,168			22		4.10
Interest-bearing deposits	22			—		0.26		21			—		0.21		21			—		0.17
Interest earning trading assets	4,283			18		1.67		4,010			15		1.49		3,891			16		1.57
Total earning assets	154,890			1,524		3.96		154,623			1,565		4.07		151,561			1,573		4.12
Allowance for loan and lease losses	(2,323		)					(2,428		)					(2,536		)
Cash and due from banks	4,721							4,563							4,328
Other assets	15,260							14,893							15,620
Noninterest earning trading assets	2,230							2,260							2,286
Unrealized gains on securities available for sale, net	3,137							2,944							2,826
Total assets		$177,915							$176,855							$174,085
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing deposits:
NOW accounts		$24,957			$6	0.10	%		$25,262			$6	0.10	%		$24,994			$7	0.11	%
Money market accounts	41,950			24		0.23		42,489			25		0.24		42,849			30		0.28
Savings	5,169			1		0.11		4,860			1		0.12		4,658			2		0.12
Consumer time	10,997			40		1.47		11,472			44		1.54		11,925			47		1.56
Other time	6,193			25		1.63		6,368			28		1.69		6,593			28		1.70
Total interest-bearing consumer and commercial deposits	89,266			96		0.43		90,451			104		0.46		91,019			114		0.50
Brokered time deposits	2,211			22		3.88		2,265			23		4.03		2,259			25		4.20
Foreign deposits	32			—		0.18		9			—		0.13		34			—		4.13
Total interest-bearing deposits	91,509			118		0.52		92,725			127		0.55		93,312			139		0.59
Funds purchased	810			—		0.11		871			—		0.10		969			—		0.10
Securities sold under agreements to repurchase	1,646			1		0.18		1,634			1		0.14		1,897			—		0.14
Interest-bearing trading liabilities	751			4		2.36		531			2		1.73		674			4		2.26
Other short-term borrowings	6,942			5		0.27		9,170			5		0.20		5,082			4		0.28
Long-term debt	13,657			90		2.65		11,356			88		3.13		12,757			102		3.17
Total interest-bearing liabilities	115,315			218		0.76		116,287			223		0.77		114,691			249		0.86
Noninterest-bearing deposits	36,619							35,392							34,053
Other liabilities	4,337							3,893							4,040
Noninterest-bearing trading liabilities	1,172							1,027							1,093
Shareholders’ equity	20,472							20,256							20,208
Total liabilities and shareholders’ equity		$177,915							$176,855							$174,085
Interest Rate Spread						3.20	%						3.30	%						3.26	%
Net Interest Income - FTE ¹					$1,306							$1,342							$1,324
Net Interest Margin ²						3.39	%						3.49	%						3.46	%


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, continued (Dollars in millions; yields on taxable-equivalent basis) (Unaudited)
	Twelve Months Ended
	December 31, 2012							December 31, 2011							Increase/(Decrease)
	Average Balances			Interest Income/ Expense		Yields/ Rates		Average Balances			Interest Income/ Expense		Yields/ Rates			Average Balances			Yields/ Rates
ASSETS
Loans:
Commercial and industrial - FTE ¹		$51,228			$2,329	4.55	%		$46,027			$2,368	5.14	%			$5,201		(0.59	)%
Commercial real estate	4,517			165		3.65		5,323			198		3.72			(806		)	(0.07	)
Commercial construction	816			31		3.79		1,173			45		3.85			(357		)	(0.06	)
Residential mortgages - guaranteed	5,589			165		2.96		4,587			157		3.42			1,002			(0.46	)
Residential mortgages - nonguaranteed	22,621			1,023		4.52		21,926			1,088		4.96			695			(0.44	)
Home equity products	14,962			551		3.68		15,841			594		3.75			(879		)	(0.07	)
Residential construction	692			36		5.17		862			45		5.21			(170		)	(0.04	)
Guaranteed student loans	6,863			265		3.87		4,920			209		4.26			1,943			(0.39	)
Other direct	2,226			97		4.34		1,868			89		4.75			358			(0.41	)
Indirect	10,468			403		3.85		9,690			439		4.53			778			(0.68	)
Credit cards	567			57		10.06		511			59		11.61			56			(1.55	)
Nonaccrual	2,344			31		1.32		3,580			34		0.95			(1,236		)	0.37
Total loans	122,893			5,153		4.19		116,308			5,325		4.58			6,585			(0.39	)
Securities available for sale:
Taxable	21,875			640		2.93		23,973			770		3.21			(2,098		)	(0.28	)
Tax-exempt - FTE¹	368			20		5.33		502			28		5.48			(134		)	(0.15	)
Total securities available for sale	22,243			660		2.97		24,475			798		3.26			(2,232		)	(0.29	)
Securities purchased under agreements to resell	897			—		0.04		992			—		—			(95		)	0.04
Loans held for sale	3,267			112		3.41		2,255			93		4.13			1,012			(0.72	)
Interest-bearing deposits	22			—		0.21		22			—		0.15			—			0.06
Interest earning trading assets	4,157			65		1.55		3,750			79		2.10			407			(0.55	)
Total earning assets	153,479			5,990		3.90		147,802			6,295		4.26			5,677			(0.36	)
Allowance for loan and lease losses	(2,295		)					(2,702		)						407
Cash and due from banks	5,482							5,203								279
Other assets	14,854							16,831								(1,977		)
Noninterest earning trading assets	2,184							2,708								(524		)
Unrealized gains on securities available for sale, net	2,430							2,598								(168		)
Total assets		$176,134							$172,440								$3,694
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing deposits:
NOW accounts		$25,155			$23	0.09	%		$24,751			$35	0.14	%			$404		(0.05	)%
Money market accounts	42,101			88		0.21		42,854			161		0.38			(753		)	(0.17	)
Savings	5,113			5		0.1		4,535			7		0.15			578			(0.05	)
Consumer time	10,597			145		1.37		12,451			198		1.59			(1,854		)	(0.22	)
Other time	5,954			91		1.52		7,036			122		1.73			(1,082		)	(0.21	)
Total interest-bearing consumer and commercial deposits	88,920			352		0.4		91,627			523		0.57			(2,707		)	(0.17	)
Brokered time deposits	2,204			77		3.42		2,306			101		4.38			(102		)	(0.96	)
Foreign deposits	51			—		0.17		80			—		0.57			(29		)	(0.40	)
Total interest-bearing deposits	91,175			429		0.47		94,013			624		0.66			(2,838		)	(0.19	)
Funds purchased	798			1		0.11		1,038			2		0.13			(240		)	(0.02	)
Securities sold under agreements to repurchase	1,602			3		0.18		2,157			3		0.15			(555		)	0.03
Interest-bearing trading liabilities	676			15		2.24		851			26		3.04			(175		)	(0.80	)
Other short-term borrowings	6,952			18		0.27		3,465			12		0.36			3,487			(0.09	)
Long-term debt	11,806			299		2.53		13,496			449		3.33			(1,690		)	(0.80	)
Total interest-bearing liabilities	113,009			765		0.68		115,020			1,116		0.97			(2,011		)	(0.29	)
Noninterest-bearing deposits	37,329							31,045								6,284
Other liabilities	4,348							3,972								376
Noninterest-bearing trading liabilities	953							1,707								(754		)
Shareholders’ equity	20,495							20,696								(201		)
Total liabilities and shareholders’ equity		$176,134							$172,440								$3,694
Interest Rate Spread						3.22	%						3.29	%					(0.07	)%
Net Interest Income - FTE¹					$5,225							$5,179
Net Interest Margin ²						3.40	%						3.50	%					(0.10	)%

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

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



SunTrust Banks, Inc. and Subsidiaries OTHER FINANCIAL DATA (Dollars in millions) (Unaudited)
	Three Months Ended December 31											Twelve Months Ended December 31
							Increase/(Decrease)											Increase/(Decrease)
	2012			2011			Amount			%⁴		2012			2011			Amount			%
CREDIT DATA
Allowance for credit losses - beginning		$2,289			$2,650			($361	)	(14	)%		$2,505			$3,032			($527	)	(17	)%
Benefit for unfunded commitments	(5		)	(2		)	3			NM		(3		)	(10		)	(7		)	(70	)
Provision for loan losses
Commercial	27			6			21			NM		241			324			(83		)	(26	)
Residential	274			304			(30		)	(10	)	1,062			1,113			(51		)	(5	)
Consumer	32			19			13			68		95			86			9			10
Total provision for loan losses	333			329			4			1		1,398			1,523			(125		)	(8	)
Charge-offs
Commercial	(111		)	(185		)	(74		)	(40	)	(457		)	(803		)	(346		)	(43	)
Residential	(315		)	(305		)	10			3		(1,316		)	(1,275		)	41			3
Consumer	(36		)	(38		)	(2		)	(5	)	(134		)	(163		)	(29		)	(18	)
Total charge-offs	(462		)	(528		)	(66		)	(13	)	(1,907		)	(2,241		)	(334		)	(15	)
Recoveries
Commercial	43			42			1			2		154			140			14			10
Residential	10			3			7			NM		31			18			13			72
Consumer	11			11			—			—		41			43			(2		)	(5	)
Total recoveries	64			56			8			14		226			201			25			12
Net charge-offs	(398		)	(472		)	(74		)	(16	)	(1,681		)	(2,040		)	(359		)	(18	)
Allowance for credit losses - ending		$2,219			$2,505			($286	)	(11	)%		$2,219			$2,505			($286	)	(11	)%
Components:
Allowance for loan and lease losses		$2,174			$2,457			($283	)	(12	)%
Unfunded commitments reserve	45			48			(3		)	(6	)
Allowance for credit losses		$2,219			$2,505			($286	)	(11	)%
Net charge-offs to average loans (annualized)
Commercial	0.46		%	1.02		%	(0.56		)%			0.53		%	1.23		%	(0.70		)%
Residential	2.75			2.63			0.12					2.82			2.78			0.04
Consumer	0.53			0.58			(0.05		)			0.46			0.70			(0.24		)
Total net charge-offs to total average loans	1.30		%	1.57		%	(0.27		)%			1.37		%	1.75		%	(0.38		)%
Period Ended
Nonaccrual/nonperforming loans
Commercial		$294			$926			($632	)	(68	)%
Residential	1,228			1,951			(723		)	(37	)
Consumer	25			26			(1		)	(4	)
Total nonaccrual/nonperforming loans	1,547			2,903			(1,356		)	(47	)
Other real estate owned (“OREO”)	264			479			(215		)	(45	)
Other repossessed assets	9			10			(1		)	(10	)
Nonperforming loans held for sale ("LHFS")	37			—			37			NM
Total nonperforming assets		$1,857			$3,392			($1,535	)	(45	)%
Accruing restructured loans		$2,501			$2,820			($319	)	(11	)%
Nonaccruing restructured loans	639			802			(163		)	(20	)
Accruing loans past due > 90 days (guaranteed)	722			1,971			(1,249		)	(63	)
Accruing loans past due > 90 days (non-guaranteed)	60			57			3			5
Accruing LHFS past due > 90 days	1			3			(2		)	(67	)
Nonperforming loans to total loans	1.27		%	2.37		%	(1.10		)%	(46	)%
Nonperforming assets to total loans plus OREO, other repossessed assets, and nonperforming LHFS	1.52			2.76			(1.24		)	(45	)
Allowance to period-end loans^1,2	1.80			2.01			(0.21		)	(10	)
Allowance to period-end loans, excluding government guaranteed loans ^1,2,3	1.95			2.27			(0.32		)	(14	)
Allowance to nonperforming loans^1,2	142			85			57			67
Allowance to annualized net charge-offs¹	1.37x			1.31x			0.06x			5

¹This ratio is computed using the allowance for loan and lease losses.

²Loans carried at fair value were excluded from the calculation.

³ See Appendix A for reconciliation of non-GAAP performance measures.

⁴"NM" - Not meaningful. Those changes over 100 percent were not considered to be meaningful.



SunTrust Banks, Inc. and Subsidiaries FIVE QUARTER OTHER FINANCIAL DATA (Dollars in millions) (Unaudited)
	Three Months Ended
	December 31			September 30			Increase/(Decrease)					June 30			March 31			December 31
	2012			2012			Amount			%⁴		2012			2012			2011
CREDIT DATA
Allowance for credit losses - beginning		$2,289			$2,350			($61	)	(3	)%		$2,400			$2,505			$2,650
(Benefit)/provision for unfunded commitments	(5		)	—			5			NM		(2		)	4			(2		)
Provision for loan losses
Commercial	27			127			(100		)	(79	)	49			38			6
Residential	274			300			(26		)	(9	)	230			258			304
Consumer	32			23			9			39		23			17			19
Total provision for loan losses	333			450			(117		)	(26	)	302			313			329
Charge-offs
Commercial	(111		)	(126		)	(15		)	(12	)	(94		)	(126		)	(185		)
Residential	(315		)	(425		)	(110		)	(26	)	(274		)	(302		)	(305		)
Consumer	(36		)	(34		)	2			6		(29		)	(35		)	(38		)
Total charge-offs	(462		)	(585		)	(123		)	(21	)	(397		)	(463		)	(528		)
Recoveries
Commercial	43			55			(12		)	(22	)	31			25			42
Residential	10			10			—			—		6			5			3
Consumer	11			9			2			22		10			11			11
Total recoveries	64			74			(10		)	(14	)	47			41			56
Net charge-offs	(398		)	(511		)	(113		)	(22	)	(350		)	(422		)	(472		)
Allowance for credit losses - ending		$2,219			$2,289			($70	)	(3	)%		$2,350			$2,400			$2,505
Components:
Allowance for loan and lease losses		$2,174			$2,239			($65	)	(3	)%		$2,300			$2,348			$2,457
Unfunded commitments reserve	45			50			(5		)	(10	)	50			52			48
Allowance for credit losses		$2,219			$2,289			($70	)	(3	)%		$2,350			$2,400			$2,505
Net charge-offs to average loans (annualized)
Commercial	0.46		%	0.49		%	(0.03		)%			0.45		%	0.72		%	1.02		%
Residential	2.75			3.63			(0.88		)			2.33			2.57			2.63
Consumer	0.53			0.46			0.07					0.38			0.48			0.58
Total net charge-offs to total average loans	1.30		%	1.64		%	(0.34		)%			1.14		%	1.38		%	1.57		%
Period Ended
Nonaccrual/nonperforming loans
Commercial		$294			$482			($188	)	(39	)%		$695			$815			$926
Residential	1,228			1,225			3			—		1,742			1,812			1,951
Consumer	25			24			1			4		21			22			26
Total nonaccrual/nonperforming loans	1,547			1,731			(184		)	(11	)	2,458			2,649			2,903
OREO	264			304			(40		)	(13	)	331			411			479
Other repossessed assets	9			10			(1		)	(10	)	11			14			10
Nonperforming LHFS	37			40			(3		)	(8	)	—			60			—
Total nonperforming assets		$1,857			$2,085			($228	)	(11	)%		$2,800			$3,134			$3,392
Accruing restructured loans		$2,501			$2,640			($139	)	(5	)%		$2,699			$2,750			$2,820
Nonaccruing restructured loans	639			482			157			33		694			714			802
Accruing loans past due > 90 days (guaranteed)	722			1,041			(319		)	(31	)	2,082			2,088			1,971
Accruing loans past due > 90 days (non-guaranteed)	60			63			(3		)	(5	)	68			64			57
Accruing LHFS past due > 90 days	1			1,127			(1,126		)	(100	)	—			3			3
Nonperforming loans to total loans	1.27		%	1.42		%	(0.15		)%	(11	)%	1.97		%	2.16		%	2.37		%
Nonperforming assets to total loans plus OREO, other repossessed assets, and nonperforming LHFS	1.52			1.71			(0.19		)	(11	)	2.24			2.54			2.76
Allowance to period-end loans^1,2	1.80			1.84			(0.04		)	(2	)	1.85			1.92			2.01
Allowance to period-end loans, excluding government guaranteed loans ^1,2,3	1.95			2.02			(0.07		)	(3	)	2.07			2.16			2.27
Allowance to nonperforming loans^1,2	142			130			12			9		94			89			85
Allowance to annualized net charge-offs¹	1.37x			1.10x			0.27x			25		1.64x			1.38x			1.31x

¹This ratio is computed using the allowance for loan and lease losses.

²Loans carried at fair value were excluded from the calculation.

³ See Appendix A for reconciliation of non-GAAP performance measures.

⁴"NM" - Not meaningful. Those changes over 100 percent were not considered to be meaningful.



SunTrust Banks, Inc. and Subsidiaries OTHER FINANCIAL DATA, continued (Dollars in millions) (Unaudited)
	Three Months Ended December 31												Twelve Months Ended December 31
	Core Deposit Intangibles			MSRs - Fair Value			Other			Total			Core Deposit Intangibles			MSRs - Fair Value			Other			Total
OTHER INTANGIBLE ASSET ROLLFORWARD
Balance, beginning of period		$44			$1,033			$61			$1,138			$67			$1,439			$65			$1,571
Amortization	(6		)	—			(3		)	(9		)	(29		)	—			(14		)	(43		)
Mortgage Servicing Rights (“MSRs”) originated	—			41			—			41			—			224			—			224
Fair value changes due to inputs and assumptions	—			(90		)	—			(90		)	—			(533		)	—			(533		)
Other changes in fair value	—			(61		)	—			(61		)	—			(200		)	—			(200		)
Sale of MSRs	—			(2		)	—			(2		)	—			(9		)	—			(9		)
Other	—			—			—			—			—			—			7			7
Balance, December 31, 2011		$38			$921			$58			$1,017			$38			$921			$58			$1,017
Balance, beginning of period		$21			$831			$44			$896			$38			$921			$58			$1,017
Amortization	(4		)	—			(4		)	(8		)	(21		)	—			(18		)	(39		)
MSRs originated	—			92			—			92			—			336			—			336
Fair value changes due to inputs and assumptions	—			45			—			45			—			(112		)	—			(112		)
Other changes in fair value	—			(68		)	—			(68		)	—			(241		)	—			(241		)
Sale of MSRs	—			(1		)	—			(1		)	—			(5		)	—			(5		)
Balance, December 31, 2012		$17			$899			$40			$956			$17			$899			$40			$956



	Three Months Ended
	December 31	September 30	June 30	March 31	December 31
	2012	2012	2012	2012	2011
COMMON SHARE ROLLFORWARD (000’s)
Balance, beginning of period	538,821	538,398	538,056	536,967	537,001
Common shares issued (exchanged) for employee benefit plans, stock option, and restricted stock activity	138	423	342	1,089	(34	)
Balance, end of period	538,959	538,821	538,398	538,056	536,967



SunTrust Banks, Inc. and Subsidiaries RECONCILEMENT OF NON-GAAP MEASURES APPENDIX A TO THE EARNINGS RELEASE (Dollars in millions, except per share data) (Unaudited)
	Three Months Ended															Twelve Months Ended
	December 31			September 30			June 30			March 31			December 31			December 31			December 31
	2012			2012			2012			2012			2011			2012			2011
NON-GAAP MEASURES PRESENTED IN THE EARNINGS RELEASE ¹
Efficiency ratio ²	65.93		%	44.90		%	68.83		%	69.50		%	81.45		%	59.67		%	72.49		%
Impact of excluding amortization of intangible assets	(0.30		)	(0.43		)	(0.50		)	(0.48		)	(0.46		)	(0.43		)	(0.50		)
Tangible efficiency ratio ³	65.63		%	44.47		%	68.33		%	69.02		%	80.99		%	59.24		%	71.99		%
Total shareholders' equity		$20,985			$20,399			$20,568			$20,241			$20,066
Goodwill, net of deferred taxes of $163 million, $159 million, $156 million, $164 million, and $154 million, respectively	(6,206		)	(6,210		)	(6,220		)	(6,180		)	(6,190		)
Other intangible assets, net of deferred taxes of $7 million, $8 million, $10 million, $14 million, and $16 million, respectively, and MSRs	(949		)	(888		)	(929		)	(1,142		)	(1,001		)
MSRs	899			831			865			1,070			921
Tangible equity	14,729			14,132			14,284			13,989			13,796
Preferred stock	(725		)	(275		)	(275		)	(275		)	(275		)
Tangible common equity		$14,004			$13,857			$14,009			$13,714			$13,521
Total assets		$173,442			$173,181			$178,257			$178,226			$176,859
Goodwill	(6,369		)	(6,369		)	(6,376		)	(6,344		)	(6,344		)
Other intangible assets including MSRs	(956		)	(896		)	(939		)	(1,155		)	(1,017		)
MSRs	899			831			865			1,070			921
Tangible assets		$167,016			$166,747			$171,807			$171,797			$170,419
Tangible equity to tangible assets ⁴	8.82		%	8.48		%	8.31		%	8.14		%	8.10		%
Tangible book value per common share ⁵		$25.98			$25.72			$26.02			$25.49			$25.18
Net interest income		$1,246			$1,271			$1,274			$1,311			$1,294			$5,102			$5,065
Taxable-equivalent adjustment	30			30			32			31			30			123			114
Net interest income - FTE	1,276			1,301			1,306			1,342			1,324			5,225			5,179
Noninterest income	1,015			2,542			940			876			723			5,373			3,421
Total revenue - FTE	2,291			3,843			2,246			2,218			2,047			10,598			8,600
Securities gains, net	(1		)	(1,941		)	(14		)	(18		)	(19		)	(1,974		)	(117		)
Total revenue - FTE excluding net securities gains ⁶		$2,290			$1,902			$2,232			$2,200			$2,028			$8,624			$8,483

Total loans		$121,470			$121,817			$124,560			$122,691			$122,495
Government guaranteed loans	(9,609		)	(10,646		)	(12,911		)	(13,633		)	(13,871		)
Loans held at fair value	(379		)	(390		)	(406		)	(413		)	(433		)
Total loans, excluding government guaranteed and fair value loans		$111,482			$110,781			$111,243			$108,645			$108,191
Allowance to total loans, excluding government guaranteed and fair value loans ⁷	1.95		%	2.02		%	2.07		%	2.16		%	2.27		%

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

²Computed by dividing noninterest expense by total revenue - FTE. The FTE basis adjusts for the tax-favored status of net interest income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources.

³SunTrust presents a tangible efficiency ratio which excludes the amortization of intangible assets other than MSRs. The Company believes this measure is useful to investors because, by removing the effect of these intangible asset costs (the level of which may vary from company to company), it allows investors to more easily compare the Company’s efficiency to other companies in the industry. This measure is utilized by management to assess the efficiency of the Company and its lines of business.

⁴SunTrust presents a tangible equity to tangible assets ratio that excludes the after-tax impact of purchase accounting intangible assets. The Company believes this measure is useful to investors because, by removing the effect of intangible assets that result from merger and acquisition activity (the level of which may vary from company to company), it allows investors to more easily compare the Company��s capital adequacy to other companies in the industry. This measure is used by management to analyze capital adequacy.

⁵SunTrust presents a tangible book value per common share that excludes the after-tax impact of purchase accounting intangible assets and also excludes preferred stock from tangible equity. The Company believes this measure is useful to investors because, by removing the effect of intangible assets that result from merger and acquisition activity as well as preferred stock (the level of which may vary from company to company), it allows investors to more easily compare the Company’s book value on common stock to other companies in the industry.

⁶SunTrust presents total revenue - FTE excluding net securities gains. The Company believes noninterest income without net securities gains is more indicative of the Company’s performance because it isolates income that is primarily client relationship and client transaction driven and is more indicative of normalized operations.

⁷ SunTrust presents a ratio of allowance to total loans, excluding government guaranteed and fair value loans, to exclude loans from the calculation that are held at fair value with no related allowance and loans guaranteed by a government agency that do not have an associated allowance recorded due to nominal risk of principal loss.



SunTrust Banks, Inc. and Subsidiaries RECONCILEMENT OF NON-GAAP MEASURES APPENDIX A TO THE EARNINGS RELEASE, continued (Dollars in millions, except per share data) (Unaudited)
	Three Months Ended															Twelve Months Ended
	December 31			September 30			June 30			March 31			December 31			December 31			December 31
	2012			2012			2012			2012			2011			2012			2011
NON-GAAP MEASURES PRESENTED IN THE EARNINGS RELEASE ¹
Net income available to common shareholders		$350			$1,066			$270			$245			$71			$1,931			$495
Accelerated accretion associated with repurchase of preferred stock issued to the U.S. Treasury	—			—			—			—			—			—			74
Net income available to common shareholders excluding accelerated accretion associated with repurchase of preferred stock issued to the U.S. Treasury		$350			$1,066			$270			$245			$71			$1,931			$569
Net income per average common share - diluted		$0.65			$1.98			$0.50			$0.46			$0.13			$3.59			$0.94
Effect of accelerated accretion associated with repurchase of preferred stock issued to the U.S. Treasury	—			—			—			—			—			—			0.14
Net income per average common share - diluted, excluding effect of accelerated accretion associated with repurchase of preferred stock issued to the U.S. Treasury		$0.65			$1.98			$0.50			$0.46			$0.13			$3.59			$1.08



RECONCILIATION OF NET INCOME AVAILABLE TO COMMON SHAREHOLDERS:
Net income		$356			$1,077			$275			$250			$74			$1,958			$647
Preferred dividends	(4		)	(2		)	(3		)	(3		)	(2		)	(12		)	(7		)
Dividends and accretion of discount on preferred stock issued to the U.S. Treasury	—			—			—			—			—			—			(66		)
Accelerated accretion associated with repurchase of preferred stock issued to the U.S. Treasury	—			—			—			—			—			—			(74		)
Dividends and undistributed earnings allocated to unvested shares	(2		)	(9		)	(2		)	(2		)	(1		)	(15		)	(5		)
Net income available to common shareholders		$350			$1,066			$270			$245			$71			$1,931			$495

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



SunTrust Banks, Inc. and Subsidiaries CONSUMER BANKING AND PRIVATE WEALTH MANAGEMENT (Dollars in millions) (Unaudited)
	Three Months Ended December 31								Twelve Months Ended December 31
	2012			2011			% Change		2012			2011			% Change
Statements of Income
Net interest income ¹		$630			$635		(1	)%		$2,534			$2,502		1	%
FTE adjustment	—			—			—		—			—			—
Net interest income - FTE	630			635			(1	)	2,534			2,502			1
Provision for credit losses ²	161			162			(1	)	596			722			(17	)
Net interest income - FTE - after provision for credit losses	469			473			(1	)	1,938			1,780			9
Noninterest income before securities gains	353			344			3		1,369			1,507			(9	)
Securities gains, net	—			—			—		—			—			—
Total noninterest income	353			344			3		1,369			1,507			(9	)
Noninterest expense before amortization/impairment of intangible assets/goodwill	735			637			15		2,890			2,863			1
Amortization/impairment of intangible assets/goodwill	6			9			(33	)	40			40			—
Total noninterest expense	741			646			15		2,930			2,903			1
Income before provision for income taxes	81			171			(53	)	377			384			(2	)
Provision for income taxes	32			63			(49	)	140			141			(1	)
FTE adjustment	—			—			—		—			—			—
Net income including income attributable to noncontrolling interest	49			108			(55	)	237			243			(2	)
Less: net income attributable to noncontrolling interest	—			—			—		—			—			—
Net income		$49			$108		(55	)		$237			$243		(2	)

Total revenue - FTE		$983			$979		—			$3,903			$4,009		(3	)
Selected Average Balances
Total loans		$40,234			$40,239		—	%		$41,190			$39,171		5	%
Goodwill	3,955			3,930			1		3,956			3,921			1
Other intangible assets excluding MSRs	48			81			(41	)	60			93			(35	)
Total assets	45,317			44,989			1		46,126			43,901			5
Consumer and commercial deposits	76,588			76,234			—		76,722			76,407			—
Performance Ratios
Efficiency ratio	75.37		%	66.03		%			75.07		%	72.41		%
Impact of excluding amortization/impairment of intangible assets/goodwill	(2.95		)	(3.33		)			(3.51		)	(3.74		)
Tangible efficiency ratio	72.42		%	62.70		%			71.56		%	68.67		%
Other Information (End of Period) ³
Assets under administration
Managed (discretionary) assets		$57,401			$58,971		(3	)%
Non-managed assets	44,356			46,930			(5	)
Total assets under administration	101,757			105,901			(4	)
Brokerage assets	39,396			35,493			11
Corporate trust assets	3,410			10,247			(67	)
Total assets under advisement		$144,563			$151,641		(5	)


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


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


³	Reflects the assets under administration/advisement for GenSpring and Private Wealth Management clients. The Wholesale Banking segment includes additional assets under administration/advisement for RidgeWorth clients.



SunTrust Banks, Inc. and Subsidiaries WHOLESALE BANKING (Dollars in millions) (Unaudited)
	Three Months Ended December 31								Twelve Months Ended December 31
	2012			2011			% Change ⁴		2012			2011			% Change ⁴
Statements of Income
Net interest income ¹		$448			$435		3	%		$1,753			$1,640		7	%
FTE adjustment	29			28			4		119			107			11
Net interest income - FTE	477			463			3		1,872			1,747			7
Provision for credit losses ²	69			137			(50	)	315			625			(50	)
Net interest income - FTE - after provision for credit losses	408			326			25		1,557			1,122			39
Noninterest income before securities gains	425			345			23		1,543			1,402			10
Securities gains, net	—			—			—		—			—			—
Total noninterest income	425			345			23		1,543			1,402			10
Noninterest expense before amortization of intangible assets	439			529			(17	)	1,961			2,053			(4	)
Amortization of intangible assets	1			1			—		3			3			—
Total noninterest expense	440			530			(17	)	1,964			2,056			(4	)
Income - FTE - before provision/(benefit) for income taxes	393			141			NM		1,136			468			NM
Provision/(benefit) for income taxes	89			(3		)	NM		212			(26		)	NM
FTE adjustment	29			28			4		119			107			11
Net income including income attributable to noncontrolling interest	275			116			NM		805			387			NM
Less: net income attributable to noncontrolling interest	2			3			(33	)	16			3			NM
Net income		$273			$113		NM			$789			$384		NM

Total revenue - FTE		$902			$808		12			$3,415			$3,149		8
Selected Average Balances
Total loans		$52,218			$49,629		5	%		$51,380			$48,016		7	%
Goodwill	2,414			2,414			—		2,414			2,414			—
Other intangible assets excluding MSRs	13			16			(19	)	14			17			(18	)
Total assets	65,241			62,828			4		64,499			62,155			4
Consumer and commercial deposits	47,458			45,210			5		45,889			43,070			7
Performance Ratios
Efficiency ratio	48.85		%	65.59		%			57.54		%	65.27		%
Impact of excluding amortization of intangible assets	(1.10		)	(2.03		)			(1.46		)	(2.17		)
Tangible efficiency ratio	47.75		%	63.56		%			56.08		%	63.10		%
Other Information (End of Period) ³
Assets under administration
Managed (discretionary) assets		$42,399			$41,693		2	%
Non-managed assets	—			—			—
Total assets under administration	42,399			41,693			2
Brokerage assets	—			—			—
Corporate trust assets	—			—			—
Total assets under advisement		$42,399			$41,693		2


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


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


³	Reflects the assets under administration/advisement for RidgeWorth clients. The Consumer Banking and Private Wealth Management segment includes additional assets under administration/advisement for GenSpring and Private Wealth Management clients.

⁴ “NM” - Not meaningful. Those changes over 100 percent were not considered to be meaningful.



SunTrust Banks, Inc. and Subsidiaries MORTGAGE BANKING (Dollars in millions) (Unaudited)
	Three Months Ended December 31								Twelve Months Ended December 31
	2012			2011			% Change ³		2012			2011			% Change ³
Statements of Income
Net interest income ¹		$125			$123		2	%		$512			$471		9	%
FTE adjustment	—			—			—		—			—			—
Net interest income - FTE	125			123			2		512			471			9
Provision for credit losses ²	168			172			(2	)	770			693			11
Net interest income - FTE - after provision for credit losses	(43		)	(49		)	12		(258		)	(222		)	(16	)
Noninterest income before securities losses	240			(29		)	NM		502			243			NM
Securities losses, net	—			(1		)	100		—			(2		)	100
Total noninterest income	240			(30		)	NM		502			241			NM
Noninterest expense before amortization of intangible assets	325			362			(10	)	1,379			1,197			15
Amortization of intangible assets	—			—			—		—			—			—
Total noninterest expense	325			362			(10	)	1,379			1,197			15
Loss before benefit for income taxes	(128		)	(441		)	71		(1,135		)	(1,178		)	4
Benefit for income taxes	(61		)	(170		)	64		(433		)	(457		)	5
FTE adjustment	—			—			—		—			—			—
Net loss including income attributable to noncontrolling interest	(67		)	(271		)	75		(702		)	(721		)	3
Less: net income attributable to noncontrolling interest	—			—			—		—			—			—
Net loss		($67	)		($271	)	75			($702	)		($721	)	3

Total revenue - FTE		$365			$93		NM			$1,014			$712		42
Selected Average Balances
Total loans		$29,093			$29,612		(2	)%		$30,289			$29,128		4	%
Goodwill	—			—			—		—			—			—
Other intangible assets excluding MSRs	—			—			—		—			—			—
Total assets	34,227			33,832			1		35,154			33,719			4
Consumer and commercial deposits	3,838			3,569			8		3,638			3,084			18
Performance Ratios
Efficiency ratio	89.04		%	390.01		%			136.01		%	168.16		%
Impact of excluding amortization of intangible assets	—			—					—			—
Tangible efficiency ratio	89.04		%	390.01		%			136.01		%	168.16		%
Other Information
Production Data
Channel mix
Retail		$4,301			$3,791		13	%		$17,182			$14,406		19	%
Wholesale	1,317			1,400			(6	)	5,450			3,703			47
Correspondent	2,377			1,635			45		9,418			4,958			90
Total production		$7,995			$6,826		17			$32,050			$23,067		39
Channel mix - percent
Retail	54		%	55		%			54		%	63		%
Wholesale	16			21					17			16
Correspondent	30			24					29			21
Total production	100		%	100		%			100		%	100		%
Purchase and refinance mix
Refinance		$6,151			$5,000		23			$22,880			$14,738		55
Purchase	1,844			1,826			1		9,170			8,329			10
Total production		$7,995			$6,826		17			$32,050			$23,067		39
Purchase and refinance mix - percent
Refinance	77		%	73		%			71		%	64		%
Purchase	23			27					29			36
Total production	100		%	100		%			100		%	100		%

Applications		$12,638			$12,975		(3	)		$58,015			$46,288		25
Mortgage Servicing Data (End of Period)
Total loans serviced		$144,878			$157,800		(8	)%
Total loans serviced for others	113,243			124,050			(9	)
Net carrying value of MSRs	899			921			(2	)
Ratio of net carrying value of MSRs to total loans serviced for others	0.794		%	0.742		%


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


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

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



SunTrust Banks, Inc. and Subsidiaries CORPORATE OTHER (Dollars in millions) (Unaudited)
	Three Months Ended December 31								Twelve Months Ended December 31
	2012			2011			% Change ²		2012			2011			% Change ²
Statements of Income
Net interest income		$43			$101		(57	)%		$303			$452		(33	)%
FTE adjustment	1			2			(50	)	4			7			(43	)
Net interest income - FTE	44			103			(57	)	307			459			(33	)
Provision for credit losses ¹	(70		)	(144		)	51		(286		)	(527		)	46
Net interest income - FTE - after provision for credit losses	114			247			(54	)	593			986			(40	)
Noninterest (loss)/income before securities gains	(4		)	44			NM		(15		)	152			NM
Securities gains, net	1			20			(95	)	1,974			119			NM
Total noninterest (loss)/income	(3		)	64			NM		1,959			271			NM
Noninterest expense before amortization of intangible assets	4			129			(97	)	47			78			(40	)
Amortization of intangible assets	—			—			—		3			—			NM
Total noninterest expense	4			129			(97	)	50			78			(36	)
Income - FTE - before provision for income taxes	107			182			(41	)	2,502			1,179			NM
Provision for income taxes	2			53			(96	)	854			421			NM
FTE adjustment	1			2			(50	)	4			7			(43	)
Net income including income attributable to noncontrolling interest	104			127			(18	)	1,644			751			NM
Less: net income attributable to noncontrolling interest	3			3			—		10			10			—
Net income		$101			$124		(19	)		$1,634			$741		NM

Total revenue - FTE		$41			$167		(75	)		$2,266			$730		NM
Selected Average Balances
Total loans		$42			($6	)	NM			$34			($7	)	NM
Securities available for sale	20,427			24,949			(18	)	22,044			24,259			(9	)
Goodwill	—			—			—		—			—			—
Other intangible assets excluding MSRs	—			3			(100	)	1			3			(67	)
Total assets	29,725			32,436			(8	)	30,355			32,665			(7	)
Consumer and commercial deposits	23			59			(61	)	—			111			(100	)
Other Information
Duration of investment portfolio (in years)	2.2			2.3
Net interest income interest rate sensitivity:
% Change in net interest income under:
Instantaneous 100 bp increase in rates over next 12 months	2.5		%	1.8		%
Instantaneous 100 bp decrease in rates over next 12 months	(2.3		)%	(2.0		)%


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


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

SunTrust Banks, Inc. and Subsidiaries

CONSOLIDATED - SEGMENT TOTALS

(Dollars in millions) (Unaudited)



	Three Months Ended December 31								Twelve Months Ended December 31
	2012			2011			% Change ¹		2012			2011			% Change ¹
Statements of Income
Net interest income		$1,246			$1,294		(4	)%		$5,102			$5,065		1	%
FTE adjustment	30			30			—		123			114			8
Net interest income - FTE	1,276			1,324			(4	)	5,225			5,179			1
Provision for credit losses	328			327			—		1,395			1,513			(8	)
Net interest income - FTE - after provision for credit losses	948			997			(5	)	3,830			3,666			4
Noninterest income before securities gains	1,014			704			44		3,399			3,304			3
Securities gains, net	1			19			(95	)	1,974			117			NM
Total noninterest income	1,015			723			40		5,373			3,421			57
Noninterest expense before amortization/impairment of intangible assets/goodwill	1,503			1,658			(9	)	6,277			6,191			1
Amortization/impairment of intangible assets/goodwill	7			9			(22	)	46			43			7
Total noninterest expense	1,510			1,667			(9	)	6,323			6,234			1
Income - FTE - before provision/(benefit) for income taxes	453			53			NM		2,880			853			NM
Provision/(benefit) for income taxes	62			(57		)	NM		773			79			NM
FTE adjustment	30			30			—		123			114			8
Net income including income attributable to noncontrolling interest	361			80			NM		1,984			660			NM
Less: net income attributable to noncontrolling interest	5			6			(17	)	26			13			100
Net income		$356			$74		NM			$1,958			$647		NM

Total revenue - FTE		$2,291			$2,047		12			$10,598			$8,600		23
Selected Average Balances
Total loans		$121,587			$119,474		2	%		$122,893			$116,308		6	%
Goodwill	6,369			6,344			—		6,359			6,336			—
Other intangible assets excluding MSRs	61			100			(39	)	75			113			(34	)
Total assets	174,510			174,085			—		176,134			172,440			2
Consumer and commercial deposits	127,907			125,072			2		126,249			122,672			3
Performance Ratios
Efficiency ratio	65.93		%	81.45		%			59.67		%	72.49		%
Impact of excluding amortization/impairment of intangible assets/goodwill	(0.30		)	(0.46		)			(0.43		)	(0.50		)
Tangible efficiency ratio	65.63		%	80.99		%			59.24		%	71.99		%
Other Information (End of Period)
Assets under administration
Managed (discretionary) assets		$99,800			$100,664		(1	)%
Non-managed assets	44,356			46,930			(5	)
Total assets under administration	144,156			147,594			(2	)
Brokerage assets	39,396			35,493			11
Corporate trust assets	3,410			10,247			(67	)
Total assets under advisement		$186,962			$193,334		(3	)

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

Suntrust Banks Inactive 8-KSunTrust Reports Fourth Quarter 2012 Results