Suntrust Banks 8-K Results of Operations and Financial Condition

L. Phillip Humann

Chairman and Chief Executive Officer

BancAnalysts Association of Boston Conference   

November 2005

1

This presentation contains forward-looking statements within the meaning of the Private Securities Litigation
Reform Act of 1995.  Such statements include, but are not limited to, statements about the benefits of the
merger between SunTrust Banks, Inc. (“SunTrust”) and National Commerce Financial Corporation (“NCF”),
including future financial and operating results, SunTrust’s plans, objectives, expectations and intentions and
other statements that are not historical facts.  Such statements are based upon the current beliefs and
expectations of SunTrust’s management and are subject to significant risks and uncertainties.  Actual results
may differ from those set forth in the forward-looking statements.  The following factors, among others, could
cause actual results to differ from those set forth in the forward-looking statements: the risk that the cost
savings and any revenue synergies from the merger may not be fully realized or may take longer to realize
than expected; disruption from the merger making it more difficult to maintain relationships with clients,
employees or suppliers; increased competition and its effects on pricing, spending, third-party relationships
and revenues; the risk of new and changing regulation in the U.S. and internationally.  Additional factors that
could cause SunTrust’s results to differ materially from those described in the forward-looking statements
can be found SunTrust’s 2004 Annual Report on Form 10-K, and in the Quarterly Reports on Form 10-Q and
10-Q/A of SunTrust and NCF filed with the Securities and Exchange Commission and available at the
Securities and Exchange Commission’s internet site (http://www.sec.gov).  The forward-looking statements
in this presentation speak only as of the date of the filing, and SunTrust does not assume any obligation to
update the forward-looking statements or to update the reasons why actual results could differ from those
contained in the forward-looking statements.
  

This presentation includes some non-GAAP measures to describe SunTrust’s performance.  The
reconciliation of those measures to GAAP measures can be found in in the appendix of this presentation, as
well as in SunTrust’s earnings press release, which can be found on SunTrust’s website in the news section
of the investor relations pages.

2

SunTrust Overview

8.4%

4.8%

SunTrust

National Average

2003-2008
Projected
Weighted Average
Population Growth

SunTrust Branches

National Commerce Branches

1

1

7largest commercial banking
organization in the U.S. with $172
billion in assets

We believe the National Commerce
transaction makes the “Best
Footprint in Banking” even better

1,647 full service branches
including in-store branches and
over 2,700 ATMs

Source: SNL Financial.  Note: the data reflects the 25 U.S. banks and thrifts by assets
as of December 31, 2004.  Weighted average population growth is based on MSA
deposits pro forma for pending and completed acquisitions.

3

th

SunTrust Transformation

2005

1998/99

Enhanced
Franchise

One
Bank

Take the
Lead

Profit
Acceleration

Sales Culture
Transformation

Extended
footprint into
key growth
markets with
Crestar
merger

Collapsed 28
bank
charters

Streamlined
functional
organization

Focused on
efficiency,
ability to
deliver
common  
customer
experience

Implemented
series of
operational
initiatives and
common
systems
platform

Intensified
local market,
client and
sales focus

Aligned top
talent to key
leadership
positions

Introduced
new
geographic
structure and
operating
model

Implemented
new revenue
initiatives in
key
businesses

Created
process
efficiencies
and
consistency
in key
business
lines

Established high
performance
standards for LOBs
and geographic units

Placed highest priority
on sales, cross LOB
referrals & client
retention

Implemented sales
strategy referred to
as S³ + E² = Selling,
Serving, Sustaining
client relationships
through Excellence
in Execution

4

Operating Model Differentiation

5

LOBs design business and

product strategies with direct

feedback from the line

Geographic partners are

empowered to deliver services,

products and pricing to local

customers

Our specialty businesses that

are centrally managed effectively

use this same geographic power

in our footprint (e.g., mortgage)

Focused on delivering the whole

institution to customers on an

integrated basis

Key to SunTrust’s on-going

success

2005 LOB Accomplishments

Key Initiatives

Results¹

¹

New business checking accounts up55%

New business banking loan production up33%

Outstanding business banking deposits up16%
and loans up9%

New Direct Home Equity production increased29%

Improvements have increased speed31%

New deposit account sales through the call center up61%

Check card sales through the call center up44%

                                                           Retail

New personal checking accounts up15%

Successful CD campaign helped drive a199%
increase in new CD/IRA accounts

Streamlineconsumer productsand
increase the focus on service quality at
branch locations

Launch products and initiatives to
enhance the business banking client
experience

Build aworld class Home Equity
Business and invest in technology and
process improvements

Enhanced our referral & sales processes
as well as advertising todrive more
sales opportunities through the call
center

Includes only legacy SunTrust data for the first nine months of 2005 as compared to the first nine months of 2004. New accounts include both   
legacy SunTrust and NCF

6

2005 LOB Accomplishments

Results¹

Key Initiatives

Commercial

¹ Includes only legacy SunTrust data for the first nine months of 2005 as compared to the first nine months of 2004

Adopted sales management
process and installednew
technology to support the
operating model

Sustain market share gains through
our strategy of relationship
planning and use of strategic
reviews for key client segments

Implement Treasury Management
product, sales and service
enhancements

    Hold a#1 or #2 ranking for lead
relationships among companies with
$5MM - $250MM in revenue in 80% of
the Company’s geographic markets

   From 2000 to 2004increased lead
relationships by 60% in the middle
market commercial segment

Deposits up11%

Loans up9%

Capital Markets fees up79%

Wealth and Investment Management fees up
41%

Accelerated speed new products are rolled
out to market

7

Independent research results through 2004:

2005 LOB Accomplishments

Increased product specialists

Debt Capital Markets Revenue = $229MM, up
$52MM or30%

Corporate Banking’s twelve month trailingRAROC
has increased 1.7%

Corporate and Investment Banking

Results¹

Key Initiatives

¹ Includes only legacy SunTrust data for the first nine months of 2005 as compared to the first nine months of 2004

Drive the cross-sell of Capital
Markets products to the Commercial
and Wealth & Investment
Management LOBs

Invest in Debt Capital Markets
product capabilities, both new and
existing

Focused initiative to enhance risk
adjusted returnsof corporate
clients

Deliver‘best in class’ credit   
performance

Capital Markets Revenue cross-sold to the
Commercial and Wealth & Investment Management
LOB’s = $60MM, up $27MM or84%

Corporate Banking total new business revenue up
19%

Criticized loans = $205.3MM,down $93.8MM or
31%.  Represents 1.3% of total loans

Non-accrual loans = $31.1MM,down $32.2MM or
51%. Represents 0.2% of total loans

8

2005 LOB Accomplishments

Results¹

Wealth and Investment Management

Key Initiatives

¹ Includes only legacy SunTrust data for the first nine months of 2005 as compared to the first nine months of 2004  

Rolled out and implemented new client
management operating model in Private
Wealth Management

Continue to ensure ourofferings of
products and services exceeds those of
ourcompetitors

Implemented initiatives whichincreased
penetration into existing STI client base

Integrated NCF and First Mercantile into
business units,expanding opportunities
for cross selling

Loans up13%

Deposits up18%

Institutional new trust business up56%

Capital Markets referral $ up175%

Discretionary assets under management
increased12%9/30/05 over 9/30/04

Brokerage assets increased20%9/30/05
over 9/30/04

Personal Trust retention improved by14%

9

2005 LOB Accomplishments

Key Initiatives

Results¹

Total booked products up69%, an
increase of 28,000 products sold over
the same period in 2004

Mortgage

¹ Includes only legacy SunTrust data for the first nine months of 2005 as compared to the first nine months of 2004

Grow Market Share

Grow purchase originations faster
than peer average

Increasedthe size of the mortgage
sales force

Opened 30 new offices toexpand
national footprint to 157 total
Retail offices and 17 total
Wholesale offices

Strongemphasis on Mortgage
cross-sell  program

Focused on home equity,
deposit, credit/debit card and
other consumer products

Over $51 billion in total applications, up  
44% over the same period in 2004

Nearly $31 billion in purchase
applications, up49%

Over $32 billion in total closings, up46%

Over $19 billion in purchase closings,
up51%

10

360^o Relationship Focus

Cross-LOB Referrals Driving Revenue Growth

¹STI legacy only vs September YTD last year

² Includes NCF

Commercialgenerated$46 million in Capital Markets fees – up 74%²

CIB

Wlth

and

Invest.

Man.

Retail

Cmml

Mortgage

SunTrust

Customer

September 2005 YTD

Retail referred$2.7 billion in closed
Mortgages – up over 51%¹

Retail made 59,000 qualified referrals to
Wealth and Investment Management¹

Wealth and Investment Management
made 21,000 referrals to Retail²

Commercialproduced$3.1 million in
fees to Institutional Wealth and
Investment Management -  up 41%²

Over 67,000 total products sold byMortgage – up 69%¹

11

New Personal Checking Sales

New Business Checking Sales

New Direct Home Equity Production     
New Business Banking Loan Production

Deposit Outstandings

Loan Outstandings

Capital Market Fees

Debt Capital Markets Revenue

CIB New Business Revenue

Institutional New Trust Business

Deposit Outstandings

Loan Outstandings

Purchase Mortgage Closings

# of Total Products Cross-Sold

New Check Cards

New Deposit Accounts

% Increase

Retail

SunTrust Call
Center

Wealth &
Investment
Management

CIB

Mortgage

2005 YTD Sales Results¹

Commercial

15%

55%

29%

33%

11%

9%

79%

30%

19%

56%

18%

13%

51%

62%

44%

61%

¹ Includes only legacy SunTrust data for the first nine months of 2005 as compared to the first nine months of 2004 (checking sales include both STI and NCF)

12

98,085

100,137

103,216

106,967

110,818

87,878

90,601

90,968

93,065

94,076

$0

$20,000

$40,000

$60,000

$80,000

$100,000

$120,000

3Q 04

4Q 04

1Q 05

2Q 05

3Q 05

Average Loans: 13% YOY Growth

Average Deposits: 7% YOY Growth

¹ Deposits = Consumer and Commercial Deposits

² 3Q 04 is reported on an estimated historical combined basis

Loan and Deposit Growth¹

($ in millions)

2

13

3.12%

2.98%

3.09%

3.13%

3.13%

3.11%

3.12%

3.21%

3.16%

1.5%

1.7%

1.9%

2.1%

2.3%

2.5%

2.7%

2.9%

3.1%

3.3%

3.5%

3Q 03

4Q 03

1Q 04

2Q 04

3Q 04

4Q 04

1Q 05

2Q 05

3Q 05

3.25%

1

¹NCF added 9 b.p., organic margin improved 1 b.p. from 3Q 04.

2

3.21%

² Day count added 4 b.p., organic margin was flat from 4Q 04.

14.

Net Interest Margin Trend

Net interest margin has been relatively stable to improving over a two-year horizon

14

Net Interest Margin Compared to Peers

*   

   Source: SNL Financial

Stable to improving NIM over the two-year horizon has brought SunTrust closer to the peer group
average

2.50

2.70

2.90

3.10

3.30

3.50

3.70

3Q 03

4Q 03

1Q 04

2Q 04

3Q 04

4Q 04

1Q 05

2Q 05

3Q 05

SunTrust

Peer Average*

Peers include Amsouth, Bank of America, BB&T, Comerica, Fifth Third, First Horizon, Keycorp, M&T Bank, Mellon, National City, Northern Trust, PNC,
Regions, US Bancorp, Wachovia and Wells Fargo.  Numbers presented for peers are averages

15

NCOs/Average Loans Compared to Peers

*     

   Source: SNL Financial

Net charge-offs continue to compare favorably vs. peer group average

3Q 03

4Q 03

1Q 04

2Q 04

3Q 04

4Q 04

1Q 05

2Q 05

3Q 05

0.00

0.10

0.20

0.30

0.40

0.50

0.60

SunTrust Banks, Inc.

Peer Average*

Peers include AmSouth, Bank of America, BB&T, Comerica, Fifth Third, First Horizon, Keycorp, M&T Bank, Mellon, National City, Northern Trust, PNC,
Regions, US Bancorp, Wachovia and Wells Fargo.  Numbers presented for peers are averages

16

Trust and Investment Mgmt.

Broker Dealer Revenue

Deposits and Other Fees

Other Noninterest Income

Noninterest Income

($ in millions)

$168,802

147,184

368,613

146,360

$830,959

$167,503

138,149

357,545

107,739

$770,936

$1,299

9,035

11,068

38,621

$60,023

3.1%

26.2%

12.4%

143.2%

31.1%

3Q 2005

Growth

2Q 2005

Sequential
Annualized
Growth Rate

0.8%

  6.5%

3.1%

35.8%

7.8%

Growth

Rate

Noninterest Income excludes securities (losses)/gains and net gain on sale of RCM assets.

1

2

Increase in other noninterest income mainly attributable to mortgage production income.

Total noninterest income increased 31% on a sequential annualized basis

Fee Income Growth

1

2

17

Based on estimated historical combined numbers

Improvement in Operating Leverage

Expense Growth

Revenue Growth

Core Revenue Growth

6%

   flat

  7

2

Sequential Annualized Growth Trends

  5%

(4)

(2)

3

Concerted effort to improve operating leverage is paying off

1Q 05

4Q 04

  6%

   4

   10

2Q 05

1

  20%

     8

     20

3Q 05

SunTrust presents total revenue excluding realized securities gains/losses (and the net gain on sale of RCM assets for 1Q 05);  the Company
believes total revenue without securities gains/losses and without the net gain on sale of RCM assets is more indicative of the Company’s
performance because this isolates income that is primarily customer relationship and customer transaction driven

Expense growth excludes merger related expenses and amortization of intangibles (and impairment charge on Affordable Housing Properties in
3Q 05)

1

2

3

18

¹ Excluding merger related expenses (and the impact of net gain on sale of RCM assets for 1Q 05.

1

1

1

1

Focus on Efficiency

Positive operating leverage driving operating efficiency ratio improvement

61.12

61.78

60.25

60.22

59.48

61.30

58.46

58.62

58.01

20

25

30

35

40

45

50

55

60

65

70

3Q 04

4Q 04

1Q 05

2Q 05

3Q 05

19

EPS Growth Back on Track in 2004

4.73

5.19

0.06

4.66

4.72

4.30

4.13

3.04

3.13

2.87

2.56

2.32

1.89

1.64

1.45

1.38

1.31

1.19

1.09

.93

.84

0.09

0.10

0.37

0.14

0.07

$0.00

$0.50

$1.00

$1.50

$2.00

$2.50

$3.00

$3.50

$4.00

$4.50

$5.00

$5.50

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

EPS¹

¹EPS as originally reported and adjusted for stock splits.  There are no adjustments for merger pooling

² CAGR and growth based on GAAP EPS excluding merger-related charges

GAAP EPS

Reduction in EPS due to merger-related charges

CAGR² = 10.1%

CAGR² = (0.6)%

Growth² = 11.0%

20

Improving Operating EPS Trends¹

Strong operating trends translating into quarterly EPS growth despite fluctuating provision
expense trends

¹ Operating EPS excludes the after-tax impact of merger expenses.  Reconcilement of reported EPS to operating EPS is contained in the appendix

1.18

1.21

1.28

1.36

1.30

1.31

1.40

1.37

1.42

1.00

1.05

1.10

1.15

1.20

1.25

1.30

1.35

1.40

3Q 03

4Q 03

1Q 04

2Q 04

3Q 04

4Q 04

1Q 05

2Q 05

3Q 05

21

Line of Business Goals

GOALS

Aggressivelyexpand and retain
share of emerging wealth segments

Integrate successful private
banking units into private
wealth management for a more
comprehensive approach

Integrate Alexander Key and SunTrust
Securities into SunTrust Investment
Services to leverage broker
platformand achieve efficiencies

Partner with Retail to
improve penetration

Continue tostrengthen
product offeringsand
distribution
capabilities

Leverage merger tocapture market share

Grow branch network,emphasis on in-store
opportunities

Improvepartnership between business banking and other
LOBs to ensure proper client segmentation, enhance
service and improve retention

Continue toenhance capital
markets sales into Commercial
and Wealth & Investment
Management client base

Invest indeveloping new and
existing Debt Capital Market
product capabilities

Make significant investments
in Treasury Management
products, sales and
service tocapture
emerging opportunities
in the payments
business

Capitalize on opportunities in
legacy NCF footprint to
grow diversified
commercial, auto dealer,
middle market and
institutional/government
segments

22

Long Term Growth Initiatives

8

-

10%

SunTrust

8

-

10%

8

-

10%

9

-

11%

12

-

14%

8

-

10%

Retail

Commercial

Corporate and Investment

Banking

Wealth & Investment

Management

Mortgage

Long Term Growth

Rate Target

Business Line

8

-

10%

SunTrust

8

-

10%

8

-

10%

9

-

11%

12

-

14%

8

-

10%

Retail

Commercial

Corporate and Investment

Banking

Wealth & Investment

Management

Mortgage

Long Term Growth

Rate Target

Business Line

23

NCF Merger on Track

SunTrust announced theNational Commerce Financial merger in May 2004, the transaction
was completed on Oct. 1, 2004 - systems successfully converted and enhanced product
capabilities in place

Cost saves are ahead of the original estimateof $76MM; now projecting $97MM for 2005,
one-time merger expensesare on trackto be $121MM, $4 MM better than the original
estimate

Key components of our sales organization are in place – sales leadership model, weekly
sales meetings, sales training, sales and referral goals, incentives and recognition

Customer retention remains atop priority

115,000 client calls completed by relationship managers across the footprint

Reached100% of key customers – Retail, Wealth & Investment Management,
Commercial and Treasury Management

Companywide retention metricsare being tracked monthly

Based on third party research, retention results to date indicate the Company isexceeding
prior average industry merger experience

24

SunTrust Today

Ourfoundation is firmlyin place:

Fully functioning operating model with clear allocation of responsibilities

Key components of sales organization in place:  weekly sales meetings,
sales and referral goals and linked incentives

We haveclear strategy andfocused initiatives to drive performance:

Deliver “Big Bank” capabilities with local decision making and
responsiveness

Focus on customer acquisition and retention

Drive cross-LOB referrals

Keyinitiatives are generatingtangible results

Capitalizing on opportunitiesprovided by theNational Commerce
Financial merger

25

APPENDIX

26

Average Loan Growth

Mortgages

RE Construction

RE Equity

RE Commercial

Commercial

Business Credit Card

Consumer - Direct

Consumer - Indirect

Nonaccrual

Total Loans

2Q 2005

As Adjusted

($ in millions)

$1,497.6

553.3

618.3

(170.3)

971.0

10.4

236.0

121.3

14.1

$3,851.7

$26,752.9

8,962.4

12,030.3

13,042.3

31,630.7

213.1

4,937.0

9,058.5

339.5

$106,966.7

$28,250.5

9,515.7

12,648.6

12,872.0

32,601.7

223.5

5,173.0

9,179.8

353.6

$110,818.4

3Q 2005

22.4%

24.7%

20.6%

(5.2)%

12.3%

19.5%

19.1%

5.4%

16.6%

   14.4%

¹ As a result of the NCF systems conversion on April 22, 2005, SunTrust presents consolidated average balances on an adjusted basis for both loans and deposits.  
The Company believes these adjusted measures provide a better comparison between reporting periods and are more indicative of true loan and deposit
fluctuations.  The adjustments represent reclassifications due to account mapping changes resulting from the systems conversion.

Adjusted

Growth

Adjusted

Sequential

Annualized

Growth Rate

5.6%

6.2%

5.1%

(1.3)%

3.1%

4.9%

4.8%

1.3%

4.2%

3.6%

Adjusted

Growth Rate

1

Driven by targeted sales initiatives

27

Average Consumer and Commercial Deposit Growth

DDA

NOW

MMA

Savings

Consumer Time

Other Time

Total Consumer and
Commercial Deposits

2Q 2005

As Adjusted

($ in millions)

$196.7

(661.9)

621.4

(381.5)

862.8

373.7

$1,011.2

$24,324.7

17,515.0

25,678.3

6,246.6

11,556.5

7,743.4

$93,064.5

$24,521.4

16,853.1

26,299.7

5,865.1

12,419.3

8,117.1

$94,075.7

3Q 2005

3.2%

(15.1)%

9.7%

(24.4)%

29.9%

19.3%

4.3%

¹As a result of the NCF systems conversion on April 22, 2005, SunTrust presents consolidated average balances on an adjusted basis for both loans and deposits.  
The Company believes these adjusted measures provide a better comparison between reporting periods and are more indicative of true loan and deposit
fluctuations.  The adjustments represent reclassifications due to account mapping changes resulting from the systems conversion.

Adjusted

Growth

Adjusted

Sequential

Annualized

Growth Rate

0.8%

(3.8)%

2.4%

(6.1)%

7.5%

4.8%

1.1%

Adjusted

Growth Rate

1

Driven by targeted sales initiatives

28

Strong Credit Quality

Net Charge-offs

Net Charge-offs to Avg.
Loans

NPAs

NPAs to
Loans/OREO/Other repo

Allowance for loan
losses

Allowance to Non-
performing loans

Allowance to Charge-
offs (Years Coverage)

3Q 2004

4Q 2004

3Q 2005

$76,711

0.27%

$362,737

0.32%

$1,029,855

312.4%

3.4

$51,043

0.24%

$304,216

0.36%

$892,974

315.7%

4.4

$53,893

0.21%

$410,658

0.40%

$1,050,024

281.3%

4.9

$35,384

0.13%

$380,303

0.35%

$1,036,173

296.7%

7.4

2Q 2005

($ in thousands)

1Q 2005

$36,834

0.14%

$392,345

0.37%

$1,023,746

286.7%

7.0

Excluding the effect of the Delta Airlines charge-off, credit quality trends continue to be better
than historical average

29

SunTrust Banks, Inc. and Subsidiaries
RECONCILEMENT OF NON-GAAP MEASURES
APPENDIX A
(Dollars in thousands)

	Three Months Ended															Nine Months Ended
	September 30 2005			June 30 2005			March 31 2005			December 31 2004			September 30 2004			September 30
																2005			2004
NON-GAAP MEASURESPRESENTED
Net income	$	510,774		$	465,700		$	492,294		$	455,729		$	368,766		$	1,468,768		$	1,117,172
Securities losses, net		1,283			17			3,509			12,595			11,825			4,808			14,504
Net income excluding securities gains and losses		512,057			465,717			495,803			468,324			380,591			1,473,576			1,131,676
The Coca-Cola Company dividend, net of tax		(12,028	)		(12,027	)		(12,028	)		(10,739	)		(10,740	)		(36,083	)		(32,218	)
Net income excluding securities gains and losses and The Coca-Cola Company dividend	$	500,029		$	453,690		$	483,775		$	457,585		$	369,851		$	1,437,493		$	1,099,459
Total average assets	$	169,933,960		$	165,253,589		$	161,218,222		$	156,570,092		$	127,127,968		$	165,500,517		$	126,093,513
Average net unrealized securities gains		(2,102,257	)		(1,791,566	)		(2,032,787	)		(2,056,737	)		(2,054,978	)		(1,975,791	)		(2,478,183	)
Average assets less net unrealized securities gains	$	167,831,703		$	163,462,023		$	159,185,435		$	154,513,355		$	125,072,990		$	163,524,726		$	123,615,330
Total average equity	$	16,822,919		$	16,275,567		$	16,119,430		$	15,818,968		$	9,992,905		$	16,408,550		$	10,009,069
Average accumulated other comprehensive income		(1,331,103	)		(1,139,477	)		(1,285,278	)		(1,304,553	)		(1,318,332	)		(1,252,121	)		(1,588,635	)
Total average realized equity	$	15,491,816		$	15,136,090		$	14,834,152		$	14,514,415		$	8,674,573		$	15,156,429		$	8,420,434
Return on average total assets		1.19	%		1.13	%		1.24	%		1.16	%		1.15	%		1.19	%		1.18	%
Impact of excluding net realized and unrealized securities gains/losses and The Coca-Cola Company dividend		(0.01	)		(0.02	)		(0.01	)		0.02			0.03			(0.01	)		0.01
Return on average total assets less net unrealized securities gains1		1.18	%		1.11	%		1.23	%		1.18	%		1.18	%		1.18	%		1.19	%
Return on average total shareholders’ equity		12.05	%		11.48	%		12.39	%		11.46	%		14.68	%		11.97	%		14.91	%
Impact of excluding net realized and unrealized securities gains/losses and The Coca-Cola Company dividend		0.76			0.54			0.84			1.08			2.28			0.71			2.53
Return on average realized shareholders’ equity2		12.81	%		12.02	%		13.23	%		12.54	%		16.96	%		12.68	%		17.44	%
Noninterest income	$	832,398		$	770,909		$	753,814		$	759,003		$	627,692		$	2,357,121		$	1,845,443
Securities losses, net		2,069			27			5,659			19,377			18,193			7,755			22,314
Gain on sale of RCM assets, net of related expenses		(3,508	)		—			(19,874	)		—			—			(23,382	)		—
Total noninterest income excluding securities gains and losses and net gain on sale of RCM assets3	$	830,959		$	770,936		$	739,599		$	778,380		$	645,885		$	2,341,494		$	1,867,757
Net interest income	$	1,156,661		$	1,123,709		$	1,111,560		$	1,084,204		$	876,874		$	3,391,930		$	2,600,951
FTE adjustment		19,081			18,720			17,666			16,684			16,821			55,467			41,714
Net interest income - FTE		1,175,742			1,142,429			1,129,226			1,100,888			893,695			3,447,397			2,642,665
Noninterest income		832,398			770,909			753,814			759,003			627,692			2,357,121			1,845,443
Total revenue		2,008,140			1,913,338			1,883,040			1,859,891			1,521,387			5,804,518			4,488,108
Securities losses, net		2,069			27			5,659			19,377			18,193			7,755			22,314
Gain on sale of RCM assets, net of related expenses		(3,508	)		—			(19,874	)		—			—			(23,382	)		—
Total revenue excluding securities gains and losses and net gain on sale of RCM assets3	$	2,006,701		$	1,913,365		$	1,868,825		$	1,879,268		$	1,539,580		$	5,788,891		$	4,510,422

Three Months Ended

	September 30 2005		June 30 2005		%4 Change		September 30 2005		September 30 2004		% Change
AVERAGE LOW COST CONSUMER AND COMMERCIAL DEPOSITRECONCILEMENT
Noninterest bearing deposits	$	24,521,452	$	24,309,721	0.9		$	24,521,452	$	20,490,191	19.7
NOW accounts		16,853,139		17,519,608	(3.8	)		16,853,139		12,999,444	29.6
Savings		5,865,099		6,462,425	(9.2	)		5,865,099		7,424,698	(21.0	)
Total average low cost consumer and commercial deposits	$	47,239,690	$	48,291,754	(2.2	)	$	47,239,690	$	40,914,333	15.5

______________

¹ SunTrust presents a return on average assets less net unrealized gains on securities. The foregoing numbers reflect primarily adjustments to remove the effects of the Company’s securities portfolio which includes the ownership by the Company of 48.3 million shares of The Coca-Cola Company. The Company uses this information internally to gauge its actual performance in the industry. The Company believes that the return on average assets less the net unrealized securities gains is more indicative of the Company’s return on assets because it more accurately reflects the return on the assets that are related to the Company’s core businesses which are primarily customer relationship and customer transaction driven. The return on average assets less net unrealized gains on securities is computed by dividing annualized net income, excluding securities gains/losses and The Coca-Cola Company dividend, by average assets less net unrealized securities gains.

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

³ SunTrust presents total noninterest income and total revenue excluding realized securities gains and losses and the net gain on the sale of RCM assets. The Company believes total noninterest income and total revenue without securities gains and losses is more indicative of the Company’s performance because it isolates income that is primarily customer relationship and customer transaction driven. SunTrust further excludes the net gain on the sale of RCM assets because the Company believes the exclusion of the net gain is more indicative of normalized operations.

⁴ Multiply by 4 to calculate sequential annualized growth or reductions discussed in the earnings call.

A-1

SunTrust Banks, Inc. and Subsidiaries
RECONCILEMENT OF NON-GAAP MEASURES
APPENDIX A, continued
(Dollars in thousands)

	Three Months Ended						Nine Months Ended
	September 30 2005			June 30 2005			September 30 2005
SELECTED NON-GAAP OPERATING MEASURES AND ADJUSTED OPERATING MEASURES PRESENTED1
Net income	$	510,774		$	465,700		$	1,468,768
Merger expense, net of tax		7,505			33,642			57,105
Operating net income		518,279			499,342			1,525,873
Net gain on sale of RCM assets, net of tax		(2,175	)		—			(14,497	)
Adjusted operating net income	$	516,104		$	499,342		$	1,511,376
Diluted earnings per share	$	1.40		$	1.28		$	4.04
Impact of excluding merger expense		0.02			0.09			0.16
Operating diluted earnings per share		1.42			1.37			4.20
Impact of net gain on sale of RCM assets		—			—			(0.04	)
Adjusted operating diluted earnings per share	$	1.42		$	1.37		$	4.16
Total revenue	$	2,008,140		$	1,913,338		$	5,804,518
Securities losses, net		2,069			27			7,755
Net gain on sale of RCM assets		(3,508	)		—			(23,382	)
Adjusted total revenue	$	2,006,701		$	1,913,365		$	5,788,891
Noninterest income	$	832,398		$	770,909		$	2,357,121
Net gain on sale of RCM assets		(3,508	)		—			(23,382	)
Noninterest income excluding net gain on sale of RCM assets	$	828,890		$	770,909		$	2,333,739
Noninterest expense	$	1,177,071		$	1,172,825		$	3,483,802
Merger expense		(12,104	)		(54,262	)		(92,104	)
Noninterest expense excluding merger expense	$	1,164,967		$	1,118,563		$	3,391,698
Efficiency ratio		58.62	%		61.30	%		60.02	%
Impact of excluding merger expense		(0.61	)		(2.84	)		(1.59	)
Operating efficiency ratio		58.01			58.46			58.43
Impact of net gain on sale of RCM assets		0.10			—			0.24
Adjusted operating efficiency ratio		58.11	%		58.46	%		58.67	%
Return on average total assets		1.19	%		1.13	%		1.19	%
Impact of excluding merger expense		0.02			0.08			0.04
Operating return on average total assets2		1.21	%		1.21	%		1.23	%
Return on average total shareholders’ equity		12.05	%		11.48	%		11.97	%
Impact of excluding merger expense		0.17			0.83			0.46
Operating return on average total shareholders’ equity3		12.22	%		12.31	%		12.43	%

_____________

¹ SunTrust presents selected financial data on an operating basis that excludes merger charges, which represent incremental costs to integrate NCF’s operations. The Company also presents selected financial data on an adjusted operating basis, which further excludes the net gain related to the sale of RCM assets. The Company believes the exclusion of these two measures is more reflective of normalized operations.

² Computed by dividing annualized operating net income by average total assets.

³ Computed by dividing annualized operating net income by average total shareholders’ equity.

A-2

SunTrust Banks, Inc. and Subsidiaries
QUARTER-TO-QUARTER COMPARISON - ACTUAL
APPENDIX B

	Three Months Ended
	September 30 2005			June 30 2005			Increase/(Decrease)					Sequential Annualized1 %
							Amount			%
STATEMENTS OF INCOME (Dollars in thousands)
NET INTEREST INCOME	$	1,156,661		$	1,123,709		$	32,952		2.9	%	11.7
Provision for loan losses		70,393			47,811			22,582		47.2		NM
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES		1,086,268			1,075,898			10,370		1.0		3.9
NONINTEREST INCOME
Deposit and other fees2		368,613			357,545			11,068		3.1		12.4
Trust and investment management income		168,802			167,503			1,299		0.8		3.1
Broker / dealer revenue3		147,184			138,149			9,035		6.5		26.2
Other noninterest income		146,360			107,739			38,621		35.8		NM
Noninterest income before securities losses, net and net gain on sale of RCM assets4		830,959			770,936			60,023		7.8		31.1
Gain on sale of RCM assets, net of related expenses		3,508			—			3,508		100.0		NM
Noninterest income before securities losses, net		834,467			770,936			63,531		8.2		33.0
Securities losses, net		(2,069	)		(27	)		(2,042	)	7,563.0		NM
Total noninterest income		832,398			770,909			61,489		8.0		31.9
NONINTEREST EXPENSE
Personnel expense		632,333			623,284			9,049		1.5		5.8
Net occupancy expense		79,519			73,483			6,036		8.2		32.9
Outside processing and software		92,952			89,282			3,670		4.1		16.4
Equipment expense		50,083			51,579			(1,496	)	(2.9	)	(11.6	)
Marketing and customer development		38,651			36,298			2,353		6.5		25.9
Other noninterest expense		216,020			214,819			1,201		0.6		2.2
Noninterest expense before Affordable Housing impairment charge, amortization of intangible assets and merger expense5		1,109,558			1,088,745			20,813		1.9		7.6
Impairment charge on Affordable Housing Properties		25,672			—			25,672		100.0		NM
Amortization of intangible assets		29,737			29,818			(81	)	(0.3	)	(1.1	)
Merger expense		12,104			54,262			(42,158	)	(77.7	)	NM
Total noninterest expense		1,177,071			1,172,825			4,246		0.4		1.4
INCOME BEFORE INCOME TAXES		741,595			673,982			67,613		10.0		40.1
Provision for income taxes		230,821			208,282			22,539		10.8		43.3
NET INCOME		510,774			465,700			45,074		9.7		38.7
Merger expense, net of tax		7,505			33,642			(26,137	)	(77.7	)	NM
OPERATING NET INCOME		518,279			499,342			18,937		3.8		15.2
Net gain on sale of RCM assets, net of tax		(2,175	)		—			(2,175	)	100.0		NM
ADJUSTED OPERATING NET INCOME	$	516,104		$	499,342		$	16,762		3.4	%	13.4	%
REVENUE (Dollars in thousands)
Net interest income	$	1,156,661		$	1,123,709		$	32,952		2.9	%	11.7	%
FTE adjustment		19,081			18,720			361		1.9		7.7
Net interest income - FTE		1,175,742			1,142,429			33,313		2.9		11.7
Noninterest income		832,398			770,909			61,489		8.0		31.9
Total revenue		2,008,140			1,913,338			94,802		5.0		19.8
Securities losses, net		2,069			27			2,042		7,563.0		NM
Net gain on sale of RCM assets		(3,508	)		—			(3,508	)	100.0		NM
Total revenue excluding securities gains and losses and net gain on sale of RCM assets	$	2,006,701		$	1,913,365		$	93,336		4.9	%	19.5	%
SELECTED AVERAGE BALANCES (Dollars in millions)
Average Loans6, 8
Commercial	$	32,713		$	32,508		$	205		0.6	%	2.5	%
Real estate 1-4 family		28,366			26,324			2,042		7.8		31.0
Real estate commercial and construction		22,484			21,496			988		4.6		18.4
Real estate equity		12,649			12,135			514		4.2		16.9
Consumer7		14,382			14,291			91		0.6		2.5
Credit cards		224			213			11		5.2		20.7
Total loans	$	110,818		$	106,967		$	3,851		3.6	%	14.4	%
Average deposits8
Noninterest bearing deposits	$	24,522		$	24,310		$	212		0.9	%	3.5	%
NOW accounts		16,853			17,520			(667	)	(3.8	)	(15.2	)
Money market accounts		26,300			25,473			827		3.2		13.0
Savings		5,865			6,462			(597	)	(9.2	)	(37.0	)
Consumer and other time		20,536			19,300			1,236		6.4		25.6
Total consumer and commercial deposits		94,076			93,065			1,011		1.1		4.3
Brokered and foreign deposits		17,969			15,709			2,260		14.4		57.5
Total deposits	$	112,045		$	108,774		$	3,271		3.0	%	12.0	%
SELECTED CREDIT DATA (Dollars in thousands)
Nonaccrual loans	$	307,788		$	328,018			($20,230	)	(6.2	)%	(24.7	)%
Restructured loans		21,876			21,236			640		3.0		12.1
Total nonperforming loans		329,664			349,254			(19,590	)	(5.6	)	(22.4	)
Other real estate owned (OREO)		26,013			25,263			750		3.0		11.9
Other repossessed assets		7,060			5,786			1,274		22.0		88.1
Total nonperforming assets	$	362,737		$	380,303			($17,566	)	(4.6	)%	(18.5	)%
Allowance for loan and lease losses	$	1,029,855		$	1,036,173			($6,318	)	(0.6	)%	(2.4	)%

______________

¹ Multiply percentage change by 4 to calculate sequential annualized change. Any sequential annualized change over 100 percent is labeled as “NM”. Those changes over 100 percent were not considered to be meaningful.

² Includes service charges on deposits, card and other charges and fees.

³ Includes retail investment services, investment banking income and trading account profits and commissions.

⁴ SunTrust presents noninterest income before securities (losses)/gains and the net gain on the sale of RCM assets. The Company believes noninterest income before securities gains and losses is more indicative of the Company’s performance because it isolates income that is primarily customer relationship and customer transaction driven. SunTrust further excludes the net gain on the sale of RCM assets because the Company believes the exclusion of the net gain provides better comparability and is more indicative of normalized operations.

⁵ The Company presents noninterest expense before an impairment charge on Affordable Housing Properties, amortization of intangible assets and merger expense. The Company believes the exclusion of these measures provides better comparability and is more reflective of normalized operations.

⁶ SunTrust’s average nonaccrual and restructured loans are included in the respective categories to conform to the NCF presentation.

⁷ Includes consumer direct and consumer indirect loans.

⁸ See Appendix C for the impact of the estimated reclassification adjustments resulting from the April 22, 2005 NCF systems conversion.

B-1

SunTrust Banks, Inc. and Subsidiaries
QUARTER-TO-QUARTER COMPARISON - HISTORICAL COMBINED GROWTH
APPENDIX B, continued

The 3rd quarter and year-to-date 2004 figures represent SunTrust and NCF on a historical combined basis.
See page 15 for a reconcilement of these historical combined amounts.

	HISTORICAL COMBINED											HISTORICAL COMBINED
	Three Months Ended											Nine Months Ended
	September 30						Increase/(Decrease)					September 30						Increase/(Decrease)
	2005			2004			Amount			%		2005			2004			Amount			%
STATEMENTS OF INCOME (Dollars in thousands)
NET INTEREST INCOME	$	1,156,661		$	1,071,689		$	84,972		7.9	%	$	3,391,930		$	3,180,823		$	211,107		6.6	%
Provision for loan losses		70,393			60,818			9,575		15.7			128,760			142,415			(13,655	)	(9.6	)
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES		1,086,268			1,010,871			75,397		7.5			3,263,170			3,038,408			224,762		7.4
NONINTEREST INCOME
Deposit and other fees1		368,613			353,573			15,040		4.3			1,069,792			1,046,326			23,466		2.2
Trust and investment management income		168,802			165,603			3,199		1.9			500,820			474,671			26,149		5.5
Broker / dealer revenue2		147,184			132,650			14,534		11.0			434,529			440,267			(5,738	)	(1.3	)
Other noninterest income		146,360			106,550			39,810		37.4			336,353			252,186			84,167		33.4
Noninterest income before securities losses, net and net gain on sale of RCM assets3		830,959			758,376			72,583		9.6			2,341,494			2,213,450			128,044		5.8
Gain on sale of RCM assets, net of related expenses		3,508			—			3,508		100.0			23,382			—			23,382		100.0
Noninterest income before securities losses, net		834,467			758,376			76,091		10.0			2,364,876			2,213,450			151,426		6.8
Securities losses, net		(2,069	)		(16,565	)		14,496		(87.5	)		(7,755	)		(9,702	)		1,947		(20.1	)
Total noninterest income		832,398			741,811			90,587		12.2			2,357,121			2,203,748			153,373		7.0
NONINTEREST EXPENSE
Personnel expense		632,333			605,325			27,008		4.5			1,890,410			1,789,971			100,439		5.6
Net occupancy expense		79,519			79,875			(356	)	(0.4	)		228,853			230,183			(1,330	)	(0.6	)
Outside processing and software		92,952			75,449			17,503		23.2			265,082			225,345			39,737		17.6
Equipment expense		50,083			50,904			(821	)	(1.6	)		154,544			156,156			(1,612	)	(1.0	)
Marketing and customer development		38,651			34,975			3,676		10.5			106,578			104,011			2,567		2.5
Other noninterest expense		216,020			233,692			(17,672	)	(7.6	)		629,787			674,364			(44,577	)	(6.6	)
Noninterest expense before Affordable Housing impairment charge, amortization of intangible assets and merger expense4		1,109,558			1,080,220			29,338		2.7			3,275,254			3,180,030			95,224		3.0
Impairment charge on Affordable Housing Properties		25,672			9,001			16,671		185.2			25,672			9,001			16,671		185.2
Amortization of intangible assets		29,737			28,132			1,605		5.7			90,772			84,902			5,870		6.9
Merger expense		12,104			—			12,104		100.0			92,104			—			92,104		100.0
Total noninterest expense		1,177,071			1,117,353			59,718		5.3			3,483,802			3,273,933			209,869		6.4
INCOME BEFORE INCOME TAXES		741,595			635,329			106,266		16.7			2,136,489			1,968,223			168,266		8.5
Provision for income taxes		230,821			198,926			31,895		16.0			667,721			608,079			59,642		9.8
NET INCOME		510,774			436,403			74,371		17.0			1,468,768			1,360,144			108,624		8.0
Merger expense, net of tax		7,505			—			7,505		100.0			57,105			—			57,105		100.0
OPERATING NET INCOME		518,279			436,403			81,876		18.8			1,525,873			1,360,144			165,729		12.2
Net gain on sale of RCM assets, net of tax		(2,175	)		—			(2,175	)	100.0			(14,497	)		—			(14,497	)	(100.0	)
ADJUSTED OPERATING NET INCOME	$	516,104		$	436,403		$	79,701		18.3	%	$	1,511,376		$	1,360,144		$	151,232		11.1	%
REVENUE (Dollars in thousands)
Net interest income	$	1,156,661		$	1,071,689		$	84,972		7.9	%	$	3,391,930		$	3,180,823		$	211,107		6.6	%
FTE adjustment5		19,081			19,063			18		0.1			55,467			48,441			7,026		14.5
Net interest income - FTE		1,175,742			1,090,752			84,990		7.8			3,447,397			3,229,264			218,133		6.8
Noninterest income		832,398			741,811			90,587		12.2			2,357,121			2,203,748			153,373		7.0
Total revenue		2,008,140			1,832,563			175,577		9.6			5,804,518			5,433,012			371,506		6.8
Securities losses, net		2,069			16,565			(14,496	)	(87.5	)		7,755			9,702			(1,947	)	20.1
Net gain on sale of RCM assets		(3,508	)		—			(3,508	)	100.0			(23,382	)		—			(23,382	)	(100.0	)
Total revenue excluding securities gains and losses and net gain on sale of RCM assets	$	2,006,701		$	1,849,128		$	157,573		8.5	%	$	5,788,891		$	5,442,714		$	346,177		6.4	%
SELECTED AVERAGE BALANCES (Dollars in millions)
Average Loans6
Commercial	$	32,713		$	31,977		$	736		2.3	%	$	32,903		$	32,112		$	791		2.5	%
Real estate 1-4 family		28,366			21,963			6,403		29.2			26,092			20,270			5,822		28.7
Real estate commercial and construction		22,484			18,155			4,329		23.8			21,084			17,899			3,185		17.8
Real estate equity		12,649			10,295			2,354		22.9			12,123			9,548			2,575		27.0
Consumer7		14,382			15,520			(1,138	)	(7.3	)		14,614			15,326			(712	)	(4.6	)
Credit cards		224			175			49		28.0			212			165			47		28.5
Total loans	$	110,818		$	98,085		$	12,733		13.0	%	$	107,028		$	95,320		$	11,708		12.3	%
Average deposits
Noninterest bearing deposits	$	24,522		$	23,239		$	1,283		5.5	%	$	24,188		$	22,650		$	1,538		6.8	%
NOW accounts		16,853			15,335			1,518		9.9			17,282			14,974			2,308		15.4
Money market accounts		26,300			24,211			2,089		8.6			25,519			24,163			1,356		5.6
Savings		5,865			9,099			(3,234	)	(35.5	)		6,605			8,619			(2,014	)	(23.4	)
Consumer and other time		20,536			15,994			4,542		28.4			19,120			15,512			3,608		23.3
Total consumer and commercial deposits		94,076			87,878			6,198		7.1			92,714			85,918			6,796		7.9
Brokered and foreign deposits		17,969			11,496			6,473		56.3			15,718			12,255			3,463		28.3
Total deposits	$	112,045		$	99,374		$	12,671		12.8	%	$	108,432		$	98,173		$	10,259		10.4	%
SELECTED CREDIT DATA (Dollars in thousands)
Nonaccrual loans	$	307,788		$	329,340			($21,552	)	(6.5	)%
Restructured loans		21,876			19,724			2,152		10.9
Total nonperforming loans		329,664			349,064			(19,400	)	(5.6	)
Other real estate owned (OREO)		26,013			27,126			(1,113	)	(4.1	)
Other repossessed assets		7,060			15,082			(8,021	)	(53.2	)
Total nonperforming assets	$	362,737		$	391,272			($28,535	)	(7.3	)%
Allowance for loan and lease losses	$	1,029,855		$	1,067,829			($37,974	)	(3.6	)%

______________

¹ Includes service charges on deposits, card and other charges and fees.

² Includes retail investment services, investment banking income and trading account profits and commissions.

³ SunTrust presents noninterest income before securities (losses)/gains and the net gain on the sale of RCM assets. The Company believes noninterest income before securities gains and losses is more indicative of the Company’s performance because it isolates income that is primarily customer relationship and customer transaction driven. SunTrust further excludes the net gain on the sale of RCM assets because the Company believes the exclusion of the net gain provides better comparability and is more indicative of normalized operations.

⁴ The Company presents noninterest expense before an impairment charge on Affordable Housing Properties, amortization of intangible assets and merger expense. The Company believes the exclusion of these measures provides better comparability and is more reflective of normalized operations.

⁵ NCF’s FTE adjustments were reduced $4.0 million and $13.1 million from the third quarter and first nine months of 2004, respectively, to conform to SunTrust’s methodology.

⁶ SunTrust’s average nonaccrual and restructured loans are included in the respective categories to conform to the NCF presentation.

⁷ Includes consumer direct and consumer indirect loans.

B-2

SunTrust Banks, Inc. and Subsidiaries
SUNTRUST / NCF - SELECTED HISTORICAL FINANCIAL DATA
APPENDIX B, continued

	Three Months Ended									Nine Months Ended
	September 30, 2004									September 30, 2004
	SunTrust			NCF			Historical Combined			SunTrust			NCF			Historical Combined
STATEMENTS OF INCOME (Dollars in thousands)
NET INTEREST INCOME	$	876,874		$	194,815		$	1,071,689		$	2,600,951		$	579,872		$	3,180,823
Provision for loan losses		41,774			19,044			60,818			98,438			43,977			142,415
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES		835,100			175,771			1,010,871			2,502,513			535,895			3,038,408
NONINTEREST INCOME
Deposit and other fees1		298,328			55,245			353,573			887,178			159,148			1,046,326
Trust and investment management income		149,673			15,930			165,603			426,257			48,414			474,671
Broker / dealer revenue2		113,308			19,342			132,650			368,452			71,815			440,267
Other noninterest income		84,576			21,974			106,550			185,870			66,316			252,186
Noninterest income before securities losses, net		645,885			112,491			758,376			1,867,757			345,693			2,213,450
Securities losses, net		(18,193	)		1,628			(16,565	)		(22,314	)		12,612			(9,702	)
Total noninterest income		627,692			114,119			741,811			1,845,443			358,305			2,203,748
NONINTEREST EXPENSE
Personnel expense		527,734			77,591			605,325			1,555,452			234,519			1,789,971
Net occupancy expense		66,542			13,333			79,875			190,030			40,153			230,183
Outside processing and software		68,657			6,792			75,449			204,902			20,443			225,345
Equipment expense		43,275			7,629			50,904			134,100			22,056			156,156
Marketing and customer development		32,028			2,947			34,975			93,902			10,109			104,011
Other noninterest expense		167,019			66,673			233,692			514,836			159,528			674,364
Noninterest expense before Affordable Housing impairment charge and amortization of intangible assets		905,255			174,965			1,080,220			2,693,222			486,808			3,180,030
Impairment charge on Affordable Housing Properties		9,001			—			9,001			9,001			—			9,001
Amortization of intangible assets		15,593			12,539			28,132			45,823			39,079			84,902
Total noninterest expense		929,849			187,504			1,117,353			2,748,046			525,887			3,273,933
INCOME BEFORE INCOME TAXES		532,943			102,386			635,329			1,599,910			368,313			1,968,223
Provision for income taxes		164,177			34,749			198,926			482,738			125,341			608,079
NET INCOME	$	368,766		$	67,637		$	436,403		$	1,117,172		$	242,972		$	1,360,144
REVENUE (Dollars in thousands)
Net interest income	$	876,874		$	194,815		$	1,071,689		$	2,600,951		$	579,872		$	3,180,823
FTE adjustment3		16,821			2,242			19,063			41,714			6,727			48,441
Net interest income - FTE		893,695			197,057			1,090,752			2,642,665			586,599			3,229,264
Noninterest income		627,692			114,119			741,811			1,845,443			358,305			2,203,748
Total revenue		1,521,387			311,176			1,832,563			4,488,108			944,904			5,433,012
Securities losses, net		18,193			(1,628	)		16,565			22,314			(12,612	)		9,702
Total revenue excluding securities gains and losses	$	1,539,580		$	309,548		$	1,849,128		$	4,510,422		$	932,292		$	5,442,714
SELECTED AVERAGE BALANCES (Dollars in millions)
Average Loans4
Commercial	$	27,753		$	4,224		$	31,977		$	27,998		$	4,114		$	32,112
Real estate 1-4 family		20,798			1,165			21,963			19,202			1,068			20,270
Real estate commercial and construction		14,231			3,924			18,155			14,064			3,835			17,899
Real estate equity		8,239			2,056			10,295			7,659			1,889			9,548
Consumer5		12,574			2,946			15,520			12,468			2,858			15,326
Credit cards		158			17			175			149			16			165
Total loans	$	83,753		$	14,332		$	98,085		$	81,540		$	13,780		$	95,320
Average deposits
Noninterest bearing deposits	$	20,490		$	2,749		$	23,239		$	19,995		$	2,655		$	22,650
NOW accounts		13,000			2,335			15,335			12,715			2,259			14,974
Money market accounts		22,434			1,777			24,211			22,313			1,850			24,163
Savings		7,425			1,674			9,099			6,919			1,700			8,619
Consumer and other time		10,773			5,221			15,994			10,614			4,898			15,512
Total consumer and commercial deposits		74,122			13,756			87,878			72,556			13,362			85,918
Brokered and foreign deposits		9,341			2,155			11,496			9,830			2,425			12,255
Total deposits	$	83,463		$	15,911		$	99,374		$	82,386		$	15,787		$	98,173
SELECTED CREDIT DATA (Dollars in thousands)
Nonaccrual loans	$	263,127		$	66,213		$	329,340
Restructured loans		19,724			—			19,724
Total nonperforming loans		282,851			66,213			349,064
Other real estate owned (OREO)		10,934			16,192			27,126
Other repossessed assets		10,431			4,651			15,082
Total nonperforming assets	$	304,216		$	87,056		$	391,272
Allowance for loan and lease losses	$	892,974		$	174,855		$	1,067,829

______________

¹ Includes service charges on deposits, card and other charges and fees.

² Includes retail investment services, investment banking income and trading account profits and commissions.

³ NCF’s FTE adjustments were reduced $4.0 million and $13.1 million from the third quarter and first nine months of 2004, respectively, to conform to SunTrust methodology.

⁴ SunTrust’s average nonaccrual and restructured loans are included in the respective categories to conform to the NCF presentation.

⁵ Includes consumer direct and consumer indirect loans.

B-3

SunTrust Banks, Inc. and Subsidiaries
CONSOLIDATED DAILY AVERAGE BALANCES - ADJUSTED¹
APPENDIX C
(Dollars in millions)

	Three Months Ended
	September 30		June 30
	2005		2005
	Average Balances - Reported		Average Balances - Reported		Estimated Reclassification			As Adjusted		Adjusted Growth			Adjusted Growth Rate		Adjusted Sequential Annualized Growth Rate2
Loans:
Real estate 1-4 family	$	28,250.5	$	26,224.1	$	528.8		$	26,752.9	$	1,497.6		5.6	%	22.4	%
Real estate construction		9,515.7		9,196.9		(234.5	)		8,962.4		553.3		6.2		24.7
Real estate equity		12,648.6		12,134.7		(104.4	)		12,030.3		618.3		5.1		20.6
Real estate commercial		12,872.0		12,214.5		827.8			13,042.3		(170.3	)	(1.3	)	(5.2	)
Commercial		32,601.7		32,393.4		(762.7	)		31,630.7		971.0		3.1		12.3
Business credit card		223.5		213.1		—			213.1		10.4		4.9		19.5
Consumer - direct		5,173.0		5,404.7		(467.7	)		4,937.0		236.0		4.8		19.1
Consumer - indirect		9,179.8		8,861.1		197.4			9,058.5		121.3		1.3		5.4
Nonaccrual and restructured		353.6		324.2		15.3			339.5		14.1		4.2		16.6
Total loans	$	110,818.4	$	106,966.7	$	—		$	106,966.7	$	3,851.7		3.6		14.4
Deposits:
Noninterest-bearing deposits	$	24,521.4	$	24,309.7	$	15.0		$	24,324.7	$	196.7		0.8	%	3.2	%
NOW accounts		16,853.1		17,519.6		(4.6	)		17,515.0		(661.9	)	(3.8	)	(15.1	)
Money Market accounts		26,299.7		25,472.9		205.4			25,678.3		621.4		2.4		9.7
Savings		5,865.1		6,462.4		(215.8	)		6,246.6		(381.5	)	(6.1	)	(24.4	)
Consumer time		12,419.3		12,122.0		(565.5	)		11,556.5		862.8		7.5		29.9
Other time		8,117.1		7,177.9		565.5			7,743.4		373.7		4.8		19.3
Total consumer and commercial deposits		94,075.7		93,064.5		—			93,064.5		1,011.2		1.1		4.3
Brokered deposits		10,940.4		9,580.3		—			9,580.3		1,360.1		14.2		56.8
Foreign deposits		7,028.8		6,128.9		—			6,128.9		899.9		14.7		58.7
Total deposits	$	112,044.9	$	108,773.7	$	—		$	108,773.7	$	3,271.2		3.0		12.0

______________

¹ As a result of the NCF systems conversion on April 22, 2005, SunTrust presents consolidated average balances on an adjusted basis for both loans and deposits. The Company believes these adjusted measures provide a better comparison between reporting periods and are more indicative of true loan and deposit fluctuations. The adjustments represent reclassifications due to account mapping changes resulting from the systems conversion.

² Multiply percentage change by 4 to calculate sequential annualized change.

B-4