Suntrust Banks 8-K SunTrust Reports Fourth Quarter and Full — Year 2005 Earnings Company Wraps Up Year of Strong Growth

Exhibit 99.1

News Release

Contact:
Investors				Media
Greg Ketron				Barry Koling
(404)827-6714				(404)230-5268

For Immediate Release
January 18, 2006

SunTrust Reports Fourth Quarter and Full — Year 2005 Earnings
Company Wraps Up Year of Strong Growth

ATLANTA — SunTrust Banks, Inc. (NYSE: STI) today reported net income for the fourth quarter of 2005 of $513.8 million, up 13% from the fourth quarter of 2004. Net income per diluted share was $1.41, up 12% from the fourth quarter of 2004. Net income per diluted share excluding merger expense was $1.43, up 9% from the fourth quarter of 2004. Net income excluding merger expense excludes $4.1 million of after-tax merger charges incurred in the fourth quarter of 2005 associated with SunTrust’s acquisition of National Commerce Financial Corporation (‘‘NCF’’), which closed on October 1, 2004. For the full year 2005, the Company reported net income of $1,982.6 million, up from $1,572.9 million earned in the same period in 2004. Net income per diluted share was $5.45, up from $5.19 earned in the same period in 2004. Net income per diluted share excluding merger expense was $5.62 for the full year 2005, up 7% from the same period in 2004, despite the dilution effect from the NCF merger.

‘‘We’re pleased to report that the Company ended the year with another quarter of solid results, in particular net income and EPS growth. The performance-oriented business strategies we have been implementing over the past year continued to translate into significant loan and solid deposit growth. These strategies helped drive strong year-over-year revenue expansion that, coupled with continued effectiveness in expense control, resulted in positive operating leverage for 2005,’’ L. Phillip Humann, chairman and CEO of SunTrust noted. Revenue growth was 7% while core expense growth was only 4% for 2005 on an estimated historical combined basis. Mr. Humann also noted that credit quality trends continue to run better than historical experience and actually improved during the fourth quarter compared to the third quarter, with improvements experienced in key credit measures such as net charge-offs and nonperforming assets.

Discussion of Historical Results and Estimated Historical Combined Results

In order to assist investors with comparing the financial results of the now-combined SunTrust and NCF, estimated historical combined information for the full year of 2004 is presented as if the merger had been completed at the beginning of the period presented. In management’s view, the estimated historical combined financial results assist investors in better understanding the comparative performance and underlying growth dynamics of the combined Company. For further information regarding the estimated historical combined financial information, including reconciliations of certain financial information, please see Appendix B. Financial results for the fourth quarter 2004 and forward are presented on an actual historical basis as the acquisition of NCF was completed on October 1, 2004.

Fourth Quarter 2005 Summary:

				4th Quarter 2005				4th Quarter 2004				Reported % Change
Income Statement (Dollars in millions except per share data)
Net income				$	513.8			$	455.7				13	%
Net income excluding merger expense (1)					517.9				474.2				9	%
Net income per diluted share					1.41				1.26				12	%
Net income per diluted share excluding merger expense (2)					1.43				1.31				9	%
Revenue					1,997.5				1,859.9				7	%
Noninterest expense					1,206.9				1,149.0				5	%
Noninterest expense before Affordable Housing impairment charges, amortization of intangible assets and merger expense					1,164.1				1,088.8				7	%
Efficiency ratio					60.42	%			61.78	%
Efficiency ratio excluding merger expense (3)					60.09	%			60.25	%
Balance Sheet (Dollars in billions)
Average loans				$	113.8			$	100.1				14	%
Average customer deposits					95.3				90.6				5	%
Asset Quality (Dollars in millions)
Net charge-offs to average loans					0.17	%			0.21	%
Net charge-offs				$	49.9			$	53.9				(7	)%

•	Total average loans increased 14% and total average consumer and commercial deposits increased 5% from the fourth quarter of 2004 reflecting the effectiveness of SunTrust’s company-wide sales focus.

•	Net income increased 13% from the fourth quarter of 2004 and net income excluding merger expense increased 9%. Net income excluding merger expense increased 11% in 2005 over 2004 on an estimated historical combined basis.

•	Total revenue increased 7% from the fourth quarter of 2004 driven by fully taxable net interest income growth of 10% and noninterest income growth of 4%. For the full year, revenue grew 7% over 2004 on an estimated historical combined basis.

•

Noninterest expense before Affordable Housing impairment charges, amortization of intangible assets and merger expense increased 7% from the fourth quarter of 2004. For the full year, noninterest expense before Affordable Housing impairment charges, amortization of intangible assets and merger expense grew only 4% over 2004 on an estimated historical combined basis, the result of the continued focus on expense management and realization of cost savings related to the NCF merger.

•	Cost savings related to the NCF merger totaled $98 million for 2005, which exceeded the original estimate by 28%.

•

Revenue growth combined with expense management throughout 2005 led to positive operating leverage for the year and improvement in the efficiency ratio. The efficiency ratio for the fourth quarter of 2005 was 60.42%, a 136 basis point decrease from the fourth quarter of 2004. The efficiency ratio excluding merger expense was 60.09%, a 16 basis point decrease from the fourth quarter of 2004. The efficiency ratio excluding merger expense was 58.86% for 2005, a 140 basis point decrease from 2004 on an estimated historical combined basis.

•	Net charge-offs were 0.17% of average loans, down from 0.21% of average loans in the fourth quarter of 2004.

(1)	Excludes 4th quarter 2005 and 2004 merger expense, net of taxes, which totaled $4.1 million and $18.5 million, respectively.

(2)	Excludes 4th quarter 2005 and 2004 merger expense, net of taxes, per diluted share of $0.02 and $0.05, respectively.

(3)	Excludes 4th quarter 2005 and 2004 pretax merger expense of $6.5 million and $28.4 million, respectively, which had the effect of reducing the efficiency ratio by 33 basis points and 153 basis points, respectively.

FINANCIAL PERFORMANCE

Revenue

Total revenue was $1,997.5 million for the fourth quarter of 2005, up 7% from the fourth quarter of 2004. Revenue growth was driven by increases in both net interest income and noninterest income.

For the full year 2005, total revenue was $7,802.0 million, up from $6,348.0 million for the same period in 2004. Total revenue was up 7% from the full year 2004 on an estimated historical combined basis. Revenue growth for the full year 2005 was also driven by increases in both net interest income and noninterest income.

Net Interest Income

Fully taxable net interest income was $1,207.1 million in the fourth quarter of 2005, up 10% from the fourth quarter of 2004. The primary factor driving the net interest income growth year-over-year has been strong loan growth. Loans have grown 14% on average from the fourth quarter of 2004. The net interest margin of 3.10% for the fourth quarter of 2005 was down two basis points from the third quarter of 2005 primarily due to an increase in loans held for sale at a compressed margin. Loans held for sale increased by $3.4 billion on average, or 40%, in the fourth quarter from the third quarter of 2005, driven mainly by record mortgage volume from the third quarter. Although the net interest margin declined in the fourth quarter of 2005, fully taxable net interest income increased $31.3 million, or 11%, in the fourth quarter compared to the third quarter of 2005 on a sequential annualized basis.

For the full year 2005, fully taxable net interest income was $4,654.5 million, up from $3,743.6 million for the same period in 2004. For the full year 2005, fully taxable net interest income was up 7% from the same period in 2004 on an estimated historical combined basis.

Noninterest Income

Total noninterest income was $790.4 million for the fourth quarter of 2005, up 4% from the fourth quarter of 2004. The increase in noninterest income resulted from growth in mortgage related income, trust and investment management income and card fees.

For the full year 2005, noninterest income was $3,147.6 million, up from $2,604.4 million for the same period in 2004. For the full year 2005, noninterest income was up 6% from the same period in 2004 on an estimated historical combined basis, with the drivers being the same as noted for the fourth quarter increase.

Noninterest Expense

Total noninterest expense in the fourth quarter of 2005 was $1,206.9 million, up 5% from the fourth quarter of 2004. Total noninterest expense before Affordable Housing impairment charges, amortization of intangible assets and merger expense was up 7% from the fourth quarter of 2004.

For the full year 2005, total noninterest expense was $4,690.7 million, up from $3,897.0 million for the same period of 2004. Total noninterest expense before Affordable Housing impairment charges, amortization of intangible assets and merger expense was up 4% for the full year 2005 from the same period of 2004 on an estimated historical combined basis, demonstrating overall effective cost control and the realization of cost savings related to the NCF merger. The cost savings related to the NCF merger totaled $36 million in the fourth quarter of 2005, bringing the total cost savings to $98 million for 2005, which exceeded the original estimate of $76 million by 28%.

The revenue growth noted earlier, coupled with the successful cost controls in 2005, led to positive operating leverage and improvement in the Company’s efficiency ratio measures. The reported efficiency ratio was 60.42% for the fourth quarter of 2005 compared to 61.78% for the fourth quarter of 2004, an improvement of 136 basis points. The efficiency ratio excluding merger expense was 60.09% which compares favorably to the fourth quarter 2004 efficiency ratio excluding merger expense of 60.25%.

Balance Sheet

At December 31, 2005, SunTrust had total assets of $179.7 billion. Shareholders’ equity of $16.9 billion represented 9% of total assets. Book value per share was $46.64, up from $46.28 as of September 30, 2005.

Loans

Average loans for the fourth quarter of 2005 were $113.8 billion, up 14% from the fourth quarter of 2004. On a sequential annualized basis, average loans grew 11% from the third quarter to the fourth quarter of 2005. Areas of strongest growth in consumer lending were residential real estate and home equity. In commercial lending, loan growth was moderate to strong across most categories.

Deposits

Average consumer and commercial deposits for the fourth quarter of 2005 were $95.3 billion, up 5% from the fourth quarter of 2004. On a sequential annualized basis, average consumer and commercial deposits grew 5% from the third quarter of 2005. Time deposit growth was particularly strong in the fourth quarter, followed by growth in NOW and DDA accounts.

Asset Quality

Several key asset quality measures improved in the fourth quarter compared to the third quarter of 2005, resulting in improvement in measures the Company already believes compare very favorably with published industry averages.

Net charge-offs in the fourth quarter of 2005 were 0.17% of average loans, down from 0.27% of average loans in the third quarter of 2005, and 0.21% of average loans in the fourth quarter of 2004. Net charge-offs were $49.9 million in the fourth quarter of 2005 compared to $76.7 million in the third quarter of 2005. Nonperforming assets decreased from $362.7 million, or 0.32% of loans, other real estate owned and other repossessed assets at September 30, 2005 to $334.2 million, or 0.29% of loans, other real estate owned and other repossessed assets at December 31, 2005.

The allowance for loan and lease losses decreased slightly to $1,028.1 million at December 31, 2005 from $1,029.9 million at September 30, 2005. Provision expense decreased from $70.4 million in the third quarter of 2005 to $48.1 million in the fourth quarter of 2005. The allowance for loan and lease losses at December 31, 2005 represented 0.90% of loans, a slight decrease from 0.92% at September 30, 2005. The allowance for loan and lease losses at December 31, 2005 represented 346.9% of nonperforming loans, an increase from 312.4% at September 30, 2005.

Corresponding Financial Tables and Information

To view the corresponding financial tables and information, please refer to the Investor Relations section located under ‘‘About SunTrust’’ on our Web site at www.suntrust.com. This information may also be directly accessed via the quick link entitled ‘‘4th Quarter Earnings Release’’ on the SunTrust homepage.

Conference Call

SunTrust management will host a conference call on January 18, 2006 at 8:00 a.m. (Eastern Time) to discuss the earnings results and business trends. Individuals are encouraged to call in beginning at 7:45 a.m. (Eastern Time) by dialing 1-888-972-7805 (Passcode: 4Q05; Leader: Greg Ketron). Individuals calling from outside the United States should dial 1-517-308-9091 (Passcode: 4Q05; Leader: Greg Ketron). A replay of the call will be available beginning January 18, 2006 and ending February 1, 2006 at midnight (Eastern Time) by dialing 1-866-470-8793 (domestic) or 1-203-369-1493 (international).

Alternatively, individuals may listen to the live webcast of the presentation by visiting the SunTrust Web site at www.suntrust.com. The webcast will be hosted under ‘‘Investor Relations’’

located under ‘‘About SunTrust’’ or may be accessed directly from the SunTrust home page by clicking on the earnings-related link, ‘‘4th Quarter Earnings Release’’. Beginning the afternoon of January 18, 2006, listeners may access an archived version of the presentation in the ‘‘Webcasts and Presentations’’ subsection found under ‘‘Investor Relations’’. 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 high-growth Southeast and Mid-Atlantic states and a full array of technology-based, 24-hour delivery channels. The Company also serves customers in selected markets nationally. Its primary businesses include deposit, credit, trust and investment services. Through various subsidiaries the Company provides credit cards, mortgage banking, insurance, brokerage and capital markets services. SunTrust's Internet address is www.suntrust.com.

###

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, 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. Factors that could cause SunTrust’s results to differ materially from those described in the forward-looking statements can be found in the Company’s 2004 Annual Report on Form 10-K, in the Quarterly Reports on Form 10-Q and 10-Q/A and in the Current Reports filed on Form 8-K 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 press release 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 press release contains certain non-GAAP measures to describe our Company’s performance. The reconciliation of those measures to the most directly comparable GAAP measures can be found in the financial information contained in the appendices of this press release.

###

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

				Three Months Ended December 31								% Change				Twelve Months Ended December 31								% Change
				2005				2004								2005				2004
EARNINGS & DIVIDENDS
Net income				$	513.8			$	455.7				12.7	%		$	1,982.6			$	1,572.9				26.0	%
Total revenue					1,997.5				1,859.9				7.4				7,802.0				6,348.0				22.9
Total revenue excluding securities gains and losses and net gain on sale of RCM assets 1					1,996.9				1,879.3				6.3				7,785.8				6,389.7				21.8
Earnings per share
Diluted					1.41				1.26				11.9				5.45				5.19				5.0
Basic					1.43				1.27				12.6				5.52				5.25				5.1
Dividends paid per common share					0.55				0.50				10.0				2.20				2.00				10.0
Average shares outstanding (000s)
Diluted					363,175				362,661				0.1				363,454				303,309				19.8
Basic					359,203				357,524				0.5				359,066				299,375				19.9
CONDENSED BALANCE SHEETS
Selected Average Balances
Total assets				$	175,769			$	156,570				12.3	%		$	168,089			$	133,754				25.7	%
Earning assets					154,380				136,450				13.1				147,435				118,906				24.0
Loans					113,828				100,137				13.7				108,742				86,214				26.1
Consumer and commercial deposits					95,257				90,601				5.1				93,355				77,092				21.1
Brokered and foreign deposits					21,010				10,671				96.9				17,052				10,041				69.8
Shareholders' equity					16,876				15,819				6.7				16,526				11,469				44.1
As of
Total assets					179,713				158,870				13.1
Earning assets					157,661				138,727				13.6
Loans					114,555				101,426				12.9
Allowance for loan and lease losses					1,028				1,050				(2.1	)
Consumer and commercial deposits					97,572				92,110				5.9
Brokered and foreign deposits					24,481				11,252				117.6
Shareholders' equity					16,883				15,987				5.6
FINANCIAL RATIOS
Return on average total assets					1.16	%			1.16	%			—	%			1.18	%			1.18	%			—	%
Return on average assets less net unrealized securities gains 1					1.14				1.18				(3.4	)			1.17				1.19				(1.7	)
Return on average total equity					12.08				11.46				5.4				12.00				13.71				(12.5	)
Return on average realized equity 1					12.63				12.54				0.7				12.67				15.65				(19.0	)
Total average shareholders' equity to total average assets					9.60				10.10				(5.0	)			9.83				8.58				14.6
Net interest margin 2					3.10				3.21				(3.4	)			3.16				3.15				0.3
Efficiency ratio 2					60.42				61.78				(2.2	)			60.12				61.39				(2.1	)
Book value per share					46.64				44.30				5.3
CAPITAL ADEQUACY
Tier 1 capital ratio					7.00	%3			7.16	%			(2.2	)%
Total capital ratio					10.40	3			10.36				0.4
Tier 1 leverage ratio					6.65	3			6.64				0.2

1	See Appendix A for a reconcilement of non-GAAP performance measures. "RCM" refers to Receivables Capital Management.

2	The 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 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.

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

1

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

				Three Months Ended
				December 31 2005				September 30 2005				June 30 2005				March 31 2005				December 31 2004
EARNINGS & DIVIDENDS
Net income				$	513.8			$	510.8			$	465.7			$	492.3			$	455.7
Total revenue					1,997.5				2,008.1				1,913.3				1,883.0				1,859.9
Total revenue excluding securities gains and losses and net gain on sale of RCM assets 1					1,996.9				2,006.7				1,913.4				1,868.8				1,879.3
Earnings per share
Diluted					1.41				1.40				1.28				1.36				1.26
Basic					1.43				1.42				1.30				1.37				1.27
Dividends paid per common share					0.55				0.55				0.55				0.55				0.50
Average shares outstanding (000s)
Diluted					363,175				363,854				363,642				363,138				362,661
Basic					359,203				359,702				359,090				358,253				357,524
CONDENSED BALANCE SHEETS
Selected Average Balances
Total assets				$	175,769			$	169,934			$	165,254			$	161,218			$	156,570
Earning assets					154,380				149,282				145,058				140,853				136,450
Loans					113,828				110,818				106,967				103,216				100,137
Consumer and commercial deposits					95,257				94,076				93,065				90,968				90,601
Brokered and foreign deposits					21,010				17,969				15,709				13,424				10,671
Shareholders' equity					16,876				16,823				16,276				16,119				15,819
As of
Total assets					179,713				172,416				168,953				164,811				158,870
Earning assets					157,661				151,469				147,996				143,678				138,727
Loans					114,555				112,411				109,594				104,761				101,426
Allowance for loan and lease losses					1,028				1,030				1,036				1,024				1,050
Consumer and commercial deposits					97,572				94,465				93,814				93,035				92,110
Brokered and foreign deposits					24,481				19,265				15,763				14,499				11,252
Shareholders' equity					16,883				16,718				16,646				16,104				15,987
FINANCIAL RATIOS
Return on average total assets					1.16	%			1.19	%			1.13	%			1.24	%			1.16	%
Return on average assets less net unrealized securities gains 1					1.14				1.18				1.11				1.23				1.18
Return on average total equity					12.08				12.05				11.48				12.39				11.46
Return on average realized equity 1					12.63				12.81				12.02				13.23				12.54
Total average shareholders' equity to total average assets					9.60				9.90				9.85				10.00				10.10
Net interest margin 2					3.10				3.12				3.16				3.25				3.21
Efficiency ratio 2					60.42				58.62				61.30				60.22				61.78
Book value per share					46.64				46.28				45.96				44.59				44.30
CAPITAL ADEQUACY
Tier 1 capital ratio					7.00	%3			7.03	%			7.04	%			7.07	%			7.16	%
Total capital ratio					10.40	3			10.66				10.25				10.44				10.36
Tier 1 leverage ratio					6.65	3			6.64				6.65				6.61				6.64

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

2	The 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 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.

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

2

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

				As of December 31								Increase/(Decrease)
				2005				2004				Amount				%
ASSETS
Cash and due from banks				$	4,659,664			$	3,876,741			$	782,923				20.2	%
Interest-bearing deposits in other banks					332,444				15,929				316,515				1,987.0
Trading assets					2,811,225				2,183,645				627,580				28.7
Securities available for sale 1					26,525,821				28,941,080				(2,415,259	)			(8.3	)
Funds sold and securities purchased under agreements to resell					1,313,498				1,596,269				(282,771	)			(17.7	)
Loans held for sale					13,695,613				6,580,223				7,115,390				108.1
Loans					114,554,895				101,426,172				13,128,723				12.9
Allowance for loan and lease losses					(1,028,128	)			(1,050,024	)			21,896				(2.1	)
Net loans					113,526,767				100,376,148				13,150,619				13.1
Goodwill					6,835,168				6,806,013				29,155				0.4
Other intangible assets					1,122,967				1,061,451				61,516				5.8
Other assets					8,889,674				7,432,285				1,457,389				19.6
Total assets2				$	179,712,841			$	158,869,784			$	20,843,057				13.1
LIABILITIES
Noninterest-bearing consumer and commercial deposits				$	26,327,663			$	24,878,314			$	1,449,349				5.8	%
Interest-bearing consumer and commercial deposits					71,244,719				67,231,381				4,013,338				6.0
Total consumer and commercial deposits					97,572,382				92,109,695				5,462,687				5.9
Brokered deposits					15,644,932				6,100,911				9,544,021				156.4
Foreign deposits					8,835,864				5,150,645				3,685,219				71.5
Total deposits					122,053,178				103,361,251				18,691,927				18.1
Funds purchased and securities sold under agreements to repurchase					10,374,533				9,342,831				1,031,702				11.0
Other short-term borrowings					1,937,624				2,062,549				(124,925	)			(6.1	)
Long-term debt					20,786,735				22,127,166				(1,340,431	)			(6.1	)
Trading liabilities					1,529,325				1,098,563				430,762				39.2
Other liabilities					6,148,716				4,890,525				1,258,191				25.7
Total liabilities					162,830,111				142,882,885				19,947,226				14.0
SHAREHOLDERS' EQUITY
Preferred stock, no par value					—				—				—				—
Common stock, $1.00 par value					370,578				370,578				—				—
Additional paid in capital					6,761,684				6,749,219				12,465				0.2
Retained earnings					9,306,313				8,118,710				1,187,603				14.6
Treasury stock and other					(493,936	)			(528,558	)			34,622				(6.6	)
Accumulated other comprehensive income					938,091				1,276,950				(338,859	)			(26.5	)
Total shareholders' equity					16,882,730				15,986,899				895,831				5.6
Total liabilities and shareholders' equity				$	179,712,841			$	158,869,784			$	20,843,057				13.1
Common shares outstanding					361,984,193				360,840,710				1,143,483				0.3
Common shares authorized					750,000,000				750,000,000				—				—
Treasury shares of common stock					8,594,205				9,737,688				(1,143,483	)			(11.7	)
1    Includes net unrealized gains of				$	1,572,033			$	2,010,165				($438,132	)			(21.8	)%
2    Includes earning assets of					157,661,463				138,726,585				18,934,878				13.6

3

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

				As of
				December 31 2005				September 30 2005				June 30 2005				March 31 2005				December 31 2004
ASSETS
Cash and due from banks				$	4,659,664			$	4,228,590			$	4,476,229			$	4,178,424			$	3,876,741
Interest-bearing deposits in other banks					332,444				22,694				24,255				17,456				15,929
Trading assets					2,811,225				2,470,160				2,489,467				2,516,512				2,183,645
Securities available for sale 1					26,525,821				26,867,580				28,767,390				29,374,017				28,941,080
Funds sold and securities purchased under agreements to resell					1,313,498				1,208,087				1,496,544				1,764,554				1,596,269
Loans held for sale					13,695,613				10,378,411				7,656,249				6,955,538				6,580,223
Loans					114,554,895				112,410,810				109,594,200				104,760,859				101,426,172
Allowance for loan and lease losses					(1,028,128	)			(1,029,855	)			(1,036,173	)			(1,023,746	)			(1,050,024	)
Net loans					113,526,767				111,380,955				108,558,027				103,737,113				100,376,148
Goodwill					6,835,168				6,841,631				6,873,111				6,861,721				6,806,013
Other intangible assets					1,122,967				1,112,873				1,094,803				1,073,154				1,061,451
Other assets					8,889,674				7,905,115				7,516,500				8,332,465				7,432,285
Total assets 2				$	179,712,841			$	172,416,096			$	168,952,575			$	164,810,954			$	158,869,784
LIABILITIES
Noninterest-bearing consumer and commercial deposits				$	26,327,663			$	24,548,595			$	24,514,476			$	24,448,291			$	24,878,314
Interest-bearing consumer and commercial deposits					71,244,719				69,916,316				69,299,154				68,587,192				67,231,381
Total consumer and commercial deposits					97,572,382				94,464,911				93,813,630				93,035,483				92,109,695
Brokered deposits					15,644,932				12,837,377				11,419,706				8,183,776				6,100,911
Foreign deposits					8,835,864				6,427,770				4,343,762				6,315,625				5,150,645
Total deposits					122,053,178				113,730,058				109,577,098				107,534,884				103,361,251
Funds purchased and securities sold under agreements to repurchase					10,374,533				9,689,204				11,911,559				10,113,705				9,342,831
Other short-term borrowings					1,937,624				3,173,951				2,728,111				2,167,383				2,062,549
Long-term debt					20,786,735				22,364,776				21,565,176				22,498,447				22,127,166
Trading liabilities					1,529,325				1,064,603				1,003,495				1,051,095				1,098,563
Other liabilities					6,148,716				5,675,754				5,520,940				5,341,181				4,890,525
Total liabilities					162,830,111				155,698,346				152,306,379				148,706,695				142,882,885
SHAREHOLDERS' EQUITY
Preferred stock, no par value					—				—				—				—				—
Common stock, $1.00 par value					370,578				370,578				370,578				370,578				370,578
Additional paid in capital					6,761,684				6,758,901				6,763,940				6,754,301				6,749,219
Retained earnings					9,306,313				8,991,168				8,679,452				8,412,574				8,118,710
Treasury stock and other					(493,936	)			(541,176	)			(465,736	)			(523,790	)			(528,558	)
Accumulated other comprehensive income					938,091				1,138,279				1,297,962				1,090,596				1,276,950
Total shareholders' equity					16,882,730				16,717,750				16,646,196				16,104,259				15,986,899
Total liabilities and shareholders' equity				$	179,712,841			$	172,416,096			$	168,952,575			$	164,810,954			$	158,869,784
Common shares outstanding					361,984,193				361,248,048				362,159,995				361,176,868				360,840,710
Common shares authorized					750,000,000				750,000,000				750,000,000				750,000,000				750,000,000
Treasury shares of common stock					8,594,205				9,330,350				8,418,403				9,401,530				9,737,688
1    Includes net unrealized gains of				$	1,572,033			$	1,888,990			$	2,032,317			$	1,710,792			$	2,010,165
2    Includes earning assets of					157,661,463				151,468,752				147,995,788				143,678,144				138,726,585

4

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

				Three Months Ended																Twelve Months Ended
				December 31								Increase/(Decrease)								December 31								Increase/(Decrease)
				2005				2004				Amount				%				2005				2004				Amount				%
Interest income				$	2,175,340			$	1,604,267			$	571,073				35.6	%		$	7,731,309			$	5,218,382			$	2,512,927				48.2	%
Interest expense					988,304				520,063				468,241				90.0				3,152,343				1,533,227				1,619,116				105.6
NET INTEREST INCOME					1,187,036				1,084,204				102,832				9.5				4,578,966				3,685,155				893,811				24.3
Provision for loan losses					48,126				37,099				11,027				29.7				176,886				135,537				41,349				30.5
NET INTEREST INCOME AFTER
PROVISION FOR LOAN LOSSES					1,138,910				1,047,105				91,805				8.8				4,402,080				3,549,618				852,462				24.0
NONINTEREST INCOME
Service charges on deposit accounts					196,792				196,960				(168	)			(0.1	)			772,519				700,022				72,497				10.4
Trust and investment management income					172,900				160,526				12,374				7.7				673,720				586,783				86,937				14.8
Retail investment services					53,250				53,185				65				0.1				213,274				192,811				20,463				10.6
Other charges and fees					115,507				110,509				4,998				4.5				456,481				390,494				65,987				16.9
Investment banking income					59,727				61,671				(1,944	)			(3.2	)			216,530				206,730				9,800				4.7
Trading account profits and commissions					19,932				44,032				(24,100	)			(54.7	)			137,634				127,799				9,835				7.7
Card fees					57,688				49,308				8,380				17.0				210,779				153,439				57,340				37.4
Gain on sale of RCM assets, net of related expenses					—				—				—				—				23,382				—				23,382				100.0
Other noninterest income					114,041				102,189				11,852				11.6				450,394				288,059				162,335				56.4
Securities gains/(losses)					600				(19,377	)			19,977				(103.1	)			(7,155	)			(41,691	)			34,536				(82.8	)
Total noninterest income					790,437				759,003				31,434				4.1				3,147,558				2,604,446				543,112				20.9
NONINTEREST EXPENSE
Personnel expense					643,801				612,861				30,940				5.0				2,534,211				2,168,313				365,898				16.9
Net occupancy expense					83,217				78,218				4,999				6.4				312,070				268,248				43,822				16.3
Outside processing and software					92,305				81,368				10,937				13.4				357,387				286,270				71,117				24.8
Equipment expense					49,494				50,765				(1,271	)			(2.5	)			204,038				184,865				19,173				10.4
Marketing and customer development					50,133				34,389				15,744				45.8				156,711				128,291				28,420				22.2
Amortization of intangible assets					28,192				31,759				(3,567	)			(11.2	)			118,964				77,582				41,382				53.3
Merger expense					6,538				28,401				(21,863	)			(77.0	)			98,642				28,401				70,241				247.3
Other noninterest expense					253,247				231,231				22,016				9.5				908,706				755,068				153,638				20.3
Total noninterest expense					1,206,927				1,148,992				57,935				5.0				4,690,729				3,897,038				793,691				20.4
INCOME BEFORE INCOME TAXES					722,420				657,116				65,304				9.9				2,858,909				2,257,026				601,883				26.7
Provision for income taxes					208,614				201,387				7,227				3.6				876,335				684,125				192,210				28.1
NET INCOME				$	513,806			$	455,729			$	58,077				12.7			$	1,982,574			$	1,572,901			$	409,673				26.0
Net interest income (taxable-equivalent) 1				$	1,207,061			$	1,100,888			$	106,173				9.6			$	4,654,458			$	3,743,553			$	910,905				24.3
Earnings per share
Diluted					1.41				1.26				0.15				11.9				5.45				5.19				0.26				5.0
Basic					1.43				1.27				0.16				12.6				5.52				5.25				0.27				5.1
Cash dividends paid per common share					0.55				0.50				0.05				10.0				2.20				2.00				0.20				10.0
Average shares outstanding (000s)
Diluted					363,175				362,661				514				0.1				363,454				303,309				60,145				19.8
Basic					359,203				357,524				1,679				0.5				359,066				299,375				59,691				19.9

1	Net interest income includes the effects of taxable-equivalent 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.

5

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

				Three Months Ended
				December 31 2005				September 30 2005				June 30 2005				March 31 2005				December 31 2004
Interest income				$	2,175,340			$	1,996,674			$	1,843,273			$	1,716,022			$	1,604,267
Interest expense					988,304				840,013				719,564				604,462				520,063
NET INTEREST INCOME					1,187,036				1,156,661				1,123,709				1,111,560				1,084,204
Provision for loan losses					48,126				70,393				47,811				10,556				37,099
NET INTEREST INCOME AFTER
PROVISION FOR LOAN LOSSES					1,138,910				1,086,268				1,075,898				1,101,004				1,047,105
NONINTEREST INCOME
Service charges on deposit accounts					196,792				198,348				193,276				184,103				196,960
Trust and investment management income					172,900				168,802				167,503				164,515				160,526
Retail investment services					53,250				52,257				52,624				55,143				53,185
Other charges and fees					115,507				117,341				112,258				111,375				110,509
Investment banking income					59,727				53,090				53,706				50,007				61,671
Trading account profits and commissions					19,932				41,837				31,819				44,046				44,032
Card fees					57,688				52,924				52,011				48,156				49,308
Gain on sale of RCM assets, net of related expenses					—				3,508				—				19,874				—
Other noninterest income					114,041				146,360				107,739				82,254				102,189
Securities gains/(losses)					600				(2,069	)			(27	)			(5,659	)			(19,377	)
Total noninterest income					790,437				832,398				770,909				753,814				759,003
NONINTEREST EXPENSE
Personnel expense					643,801				632,333				623,284				634,793				612,861
Net occupancy expense					83,217				79,519				73,483				75,851				78,218
Outside processing and software					92,305				92,952				89,282				82,848				81,368
Equipment expense					49,494				50,083				51,579				52,882				50,765
Marketing and customer development					50,133				38,651				36,298				31,629				34,389
Amortization of intangible assets					28,192				29,737				29,818				31,217				31,759
Merger expense					6,538				12,104				54,262				25,738				28,401
Other noninterest expense					253,247				241,692				214,819				198,948				231,231
Total noninterest expense					1,206,927				1,177,071				1,172,825				1,133,906				1,148,992
INCOME BEFORE INCOME TAXES					722,420				741,595				673,982				720,912				657,116
Provision for income taxes					208,614				230,821				208,282				228,618				201,387
NET INCOME				$	513,806			$	510,774			$	465,700			$	492,294			$	455,729
Net interest income (taxable-equivalent) 1				$	1,207,061			$	1,175,742			$	1,142,429			$	1,129,226			$	1,100,888
Earnings per share
Diluted					1.41				1.40				1.28				1.36				1.26
Basic					1.43				1.42				1.30				1.37				1.27
Cash dividends paid per common share					0.55				0.55				0.55				0.55				0.50
Average shares outstanding (000s)
Diluted					363,175				363,854				363,642				363,138				362,661
Basic					359,203				359,702				359,090				358,253				357,524

1	Net interest income includes the effects of taxable-equivalent 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.

6

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

				Three Months Ended
				December 31, 2005												September 30, 2005
				Average Balances				Interest Income/ Expense				Yields/ Rates				Average Balances				Interest Income/ Expense				Yields/ Rates
ASSETS
Loans:
Real estate 1-4 family				$	29,893.4			$	422.7				5.66	%		$	28,250.5			$	388.4				5.50	%
Real estate construction					10,147.9				173.9				6.80				9,515.7				152.6				6.36
Real estate equity					13,067.7				218.2				6.62				12,648.6				195.7				6.14
Real estate commercial					12,792.1				201.7				6.26				12,872.0				193.0				5.95
Commercial					32,997.2				466.5				5.61				32,601.7				428.7				5.22
Business credit card					271.8				4.2				6.21				223.5				3.8				6.89
Consumer – direct					5,438.2				83.8				6.11				5,173.0				76.7				5.88
Consumer – indirect					8,899.1				122.0				5.44				9,179.8				124.9				5.40
Nonaccrual and restructured					320.2				3.5				4.31				353.6				3.8				4.25
Total loans					113,827.6				1,696.5				5.91				110,818.4				1,567.6				5.61
Securities available for sale:
Taxable					24,005.4				273.8				4.56				25,252.1				281.6				4.46
Tax-exempt					908.1				13.3				5.87				872.2				12.9				5.91
Total securities available for sale					24,913.5				287.1				4.61				26,124.3				294.5				4.51
Funds sold and securities purchased under
agreement to resell					1,068.4				10.4				3.82				1,391.8				11.9				3.35
Loans held for sale					11,980.8				180.9				6.04				8,571.5				123.0				5.74
Interest-bearing deposits					31.9				0.3				3.96				18.5				0.2				3.72
Trading assets					2,557.7				20.2				3.13				2,357.3				18.6				3.12
Total earning assets					154,379.9				2,195.4				5.64				149,281.8				2,015.8				5.36
Allowance for loan losses					(1,034.8	)											(1,036.5	)
Cash and due from banks					4,349.2												4,226.8
Premises and equipment					1,833.5												1,842.6
Other assets					14,370.1												13,517.1
Unrealized gains on securities
available for sale					1,871.2												2,102.2
Total assets				$	175,769.1											$	169,934.0
LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing deposits:
NOW accounts				$	17,011.3			$	52.2				1.22	%		$	16,853.1			$	44.3				1.04	%
Money market accounts					25,797.6				128.6				1.98				26,299.7				125.5				1.89
Savings					5,472.9				13.7				0.99				5,865.1				13.6				0.92
Consumer time					13,231.5				106.8				3.20				12,419.3				91.7				2.93
Other time					9,050.8				82.2				3.60				8,117.1				67.5				3.30
Total interest-bearing consumer and commercial deposits					70,564.1				383.5				2.16				69,554.3				342.6				1.95
Brokered deposits					13,658.6				142.8				4.09				10,940.4				94.6				3.38
Foreign deposits					7,351.3				74.9				3.99				7,028.8				61.5				3.42
Total interest-bearing deposits					91,574.0				601.2				2.60				87,523.5				498.7				2.26
Funds purchased and securities sold under agreements to repurchase					11,194.4				106.0				3.71				10,139.2				82.0				3.16
Other short-term borrowings					2,800.6				30.7				4.35				2,625.9				24.9				3.76
Long-term debt					21,189.9				250.4				4.69				21,929.4				234.5				4.24
Total interest-bearing liabilities					126,758.9				988.3				3.09				122,218.0				840.1				2.73
Noninterest-bearing deposits					24,693.0												24,521.5
Other liabilities					7,441.6												6,371.6
Shareholders' equity					16,875.6												16,822.9
Total liabilities and shareholders' equity				$	175,769.1											$	169,934.0
Interest Rate Spread													2.55	%											2.63	%
Net Interest Income – FTE								$	1,207.1											$	1,175.7
Net Interest Margin													3.10	%											3.12	%

7

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

				Three Months Ended
				June 30, 2005												March 31, 2005												December 31, 2004
				Average Balances				Interest Income/ Expense				Yields/ Rates				Average Balances				Interest Income/ Expense				Yields/ Rates				Average Balances				Interest Income/ Expense				Yields/ Rates
ASSETS
Loans:
Real estate 1-4 family				$	26,224.1			$	347.8				5.31	%		$	23,435.7			$	300.5				5.13	%		$	22,461.0			$	285.8				5.09	%
Real estate construction					9,196.9				137.6				6.00				9,621.2				134.8				5.68				9,054.6				121.0				5.32
Real estate equity					12,134.7				173.7				5.74				11,573.7				152.8				5.35				11,016.4				133.3				4.81
Real estate commercial					12,214.5				171.9				5.64				9,537.0				124.8				5.31				9,547.2				120.7				5.03
Commercial					32,393.4				398.6				4.94				33,423.9				394.9				4.79				32,223.1				360.5				4.45
Business credit card					213.1				3.5				6.52				197.7				3.4				6.81				192.6				3.2				6.69
Consumer – direct					5,404.7				79.3				5.88				6,767.2				96.6				5.79				6,706.9				93.6				5.55
Consumer – indirect					8,861.1				117.7				5.33				8,384.4				112.1				5.42				8,661.6				120.1				5.52
Nonaccrual and restructured					324.2				3.1				3.78				275.0				2.8				4.19				274.1				3.4				4.90
Total loans					106,966.7				1,433.2				5.37				103,215.8				1,322.7				5.20				100,137.5				1,241.6				4.93
Securities available for sale:
Taxable					26,526.7				293.3				4.42				26,477.7				288.3				4.36				26,389.5				275.1				4.17
Tax-exempt					857.8				12.7				5.93				836.1				12.7				6.10				848.6				13.0				6.11
Total securities available for sale					27,384.5				306.0				4.47				27,313.8				301.0				4.41				27,238.1				288.1				4.23
Funds sold and securities purchased under agreement to resell					1,560.7				11.2				2.84				1,604.3				9.7				2.41				1,301.2				6.0				1.82
Loans held for sale					6,783.0				95.7				5.65				6,393.2				86.1				5.39				5,607.0				74.7				5.33
Interest-bearing deposits					31.9				0.3				3.85				17.5				0.1				1.60				20.9				0.1				1.35
Trading assets					2,330.9				15.6				2.68				2,308.2				14.1				2.48				2,145.7				10.5				1.94
Total earning assets					145,057.7				1,862.0				5.15				140,852.8				1,733.7				4.99				136,450.4				1,621.0				4.73
Allowance for loan losses					(1,030.7	)											(1,065.5	)											(1,094.5	)
Cash and due from banks					4,368.5												4,309.5												4,136.4
Premises and equipment					1,848.1												1,862.9												1,839.9
Other assets					13,218.4												13,225.7												13,181.2
Unrealized gains on securities available for sale					1,791.6												2,032.8												2,056.7
Total assets				$	165,253.6											$	161,218.2											$	156,570.1
LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing deposits:
NOW accounts				$	17,519.6			$	38.6				0.88	%		$	17,479.8			$	33.8				0.78	%		$	16,940.7			$	28.3				0.66	%
Money market accounts					25,472.9				102.7				1.62				24,767.4				82.1				1.34				24,507.0				66.3				1.08
Savings					6,462.4				14.2				0.88				7,506.9				15.5				0.84				8,139.3				16.8				0.82
Consumer time					12,122.0				81.2				2.69				12,324.0				75.1				2.47				12,083.9				73.6				2.42
Other time					7,177.9				54.2				3.03				5,166.6				34.9				2.74				4,748.8				30.2				2.53
Total interest-bearing consumer and commercial deposits					68,754.8				290.9				1.70				67,244.7				241.4				1.46				66,419.7				215.2				1.29
Brokered deposits					9,580.3				75.9				3.14				6,462.1				41.1				2.54				5,966.1				32.3				2.11
Foreign deposits					6,128.9				43.8				2.82				6,962.3				40.0				2.30				4,704.5				23.0				1.91
Total interest-bearing deposits					84,464.0				410.6				1.95				80,669.1				322.5				1.62				77,090.3				270.5				1.40
Funds purchased and securities sold under agreements to repurchase					9,848.0				68.0				2.73				10,134.0				56.2				2.22				9,407.1				40.3				1.68
Other short-term borrowings					2,634.1				22.5				3.42				2,591.3				17.0				2.65				2,219.7				11.5				2.06
Long-term debt					21,547.2				218.5				4.07				22,197.7				208.8				3.82				21,961.6				197.8				3.58
Total interest-bearing liabilities					118,493.3				719.6				2.44				115,592.1				604.5				2.12				110,678.7				520.1				1.87
Noninterest-bearing deposits					24,309.7												23,723.1												24,181.7
Other liabilities					6,175.0												5,783.6												5,890.7
Shareholders' equity					16,275.6												16,119.4												15,819.0
Total liabilities and shareholders' equity				$	165,253.6											$	161,218.2											$	156,570.1
Interest Rate Spread													2.71	%											2.87	%											2.86	%
Net Interest Income – FTE								$	1,142.4											$	1,129.2											$	1,100.9
Net Interest Margin													3.16	%											3.25	%											3.21	%

8

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

				Twelve Months Ended
				December 31, 2005												December 31, 2004
				Average Balances				Interest Income/ Expense				Yields/ Rates				Average Balances				Interest Income/ Expense				Yields/ Rates
ASSETS
Loans:
Real estate 1-4 family				$	26,972.2			$	1,459.4				5.41	%		$	19,961.9			$	1,015.0				5.08	%
Real estate construction					9,621.6				598.9				6.22				5,728.3				275.4				4.81
Real estate equity					12,361.1				740.4				5.99				8,502.6				370.4				4.36
Real estate commercial					11,865.6				691.4				5.83				9,427.9				446.0				4.73
Commercial					32,852.2				1,688.7				5.14				28,962.4				1,134.5				3.92
Business credit card					226.7				14.9				6.58				160.5				10.7				6.69
Consumer – direct					5,690.7				336.3				5.91				4,375.4				221.5				5.06
Consumer – indirect					8,833.4				476.7				5.40				8,802.4				501.6				5.70
Nonaccrual and restructured					318.5				13.2				4.14				293.1				19.0				6.48
Total loans					108,742.0				6,019.9				5.54				86,214.5				3,994.1				4.63
Securities available for sale:
Taxable					25,557.9				1,137.0				4.45				23,429.8				917.1				3.91
Tax-exempt					868.7				51.7				5.95				617.1				37.7				6.11
Total securities available for sale					26,426.6				1,188.7				4.50				24,046.9				954.8				3.97
Funds sold and securities purchased under agreement to resell					1,404.8				43.2				3.08				1,376.9				18.6				1.35
Loans held for sale					8,447.8				485.7				5.75				5,427.1				281.3				5.18
Interest-bearing deposits					25.0				0.9				3.47				18.1				0.2				0.98
Trading assets					2,389.1				68.4				2.86				1,822.1				27.8				1.53
Total earning assets					147,435.3				7,806.8				5.30				118,905.6				5,276.8				4.44
Allowance for loan losses					(1,041.8	)											(989.5	)
Cash and due from banks					4,313.4												3,732.9
Premises and equipment					1,846.6												1,672.7
Other assets					13,585.9												8,060.4
Unrealized gains on securities
available for sale					1,949.4												2,372.2
Total assets				$	168,088.8											$	133,754.3
LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing deposits:
NOW accounts				$	17,213.7			$	168.9				0.98	%		$	13,777.5			$	71.0				0.52	%
Money market accounts					25,589.2				438.9				1.72				22,864.7				198.9				0.87
Savings					6,320.0				57.1				0.90				7,225.4				55.5				0.77
Consumer time					12,526.4				354.8				2.83				8,333.5				182.0				2.18
Other time					7,390.7				238.7				3.23				3,843.3				92.8				2.42
Total interest-bearing consumer and commercial deposits					69,040.0				1,258.4				1.82				56,044.4				600.2				1.07
Brokered deposits					10,182.2				354.5				3.48				4,273.5				87.9				2.06
Foreign deposits					6,869.3				220.1				3.20				5,767.9				78.1				1.35
Total interest-bearing deposits					86,091.5				1,833.0				2.13				66,085.8				766.2				1.16
Funds purchased and securities sold under agreements to repurchase					10,331.3				312.2				3.02				9,796.7				108.6				1.11
Other short-term borrowings					2,663.5				94.9				3.57				1,709.9				30.2				1.77
Long-term debt					21,713.9				912.2				4.20				18,075.4				628.2				3.48
Total interest-bearing liabilities					120,800.2				3,152.3				2.61				95,667.8				1,533.2				1.60
Noninterest-bearing deposits					24,315.0												21,047.1
Other liabilities					6,447.3												5,569.9
Shareholders' equity					16,526.3												11,469.5
Total liabilities and shareholders' equity				$	168,088.8											$	133,754.3
Interest Rate Spread													2.69	%											2.84	%
Net Interest Income – FTE								$4,654.5												$	3,743.6
Net Interest Margin													3.16	%											3.15	%

9

SunTrust Banks, Inc. and Subsidiaries
OTHER FINANCIAL DATA

(Dollars in thousands)

				Three Months Ended												Twelve Months Ended
				December 31								% Change				December 31								% Change
				2005				2004								2005				2004
CREDIT DATA
Allowance for loan and lease losses – beginning				$	1,029,855			$	892,974				15.3	%		$	1,050,024			$	941,922				11.5	%
Allowance from acquisitions and other activity – net					—				173,844				(100.0	)			—				173,844				(100.0	)
Provision for loan losses					48,126				37,099				29.7				176,886				135,537				30.5
Charge-offs
Commercial					(23,157	)			(24,335	)			(4.8	)			(111,996	)			(114,608	)			(2.3	)
Real estate:
Construction					(3,265	)			(1,002	)			225.8				(6,001	)			(4,115	)			45.8
Residential mortgages					(13,914	)			(7,912	)			75.9				(47,341	)			(32,822	)			44.2
Other					(1,551	)			(1,218	)			27.3				(3,097	)			(5,515	)			(43.8	)
Consumer loans					(37,850	)			(51,352	)			(26.3	)			(146,810	)			(159,021	)			(7.7	)
Total charge-offs					(79,737	)			(85,819	)			(7.1	)			(315,245	)			(316,081	)			(0.3	)
Recoveries
Commercial					9,561				14,295				(33.1	)			36,308				49,943				(27.3	)
Real estate:
Construction					90				61				47.5				798				113				606.2
Residential mortgages					4,286				2,826				51.7				14,287				9,668				47.8
Other					369				679				(45.7	)			2,678				1,392				92.4
Consumer loans					15,578				14,065				10.8				62,392				53,686				16.2
Total recoveries					29,884				31,926				(6.4	)			116,463				114,802				1.4
Net charge-offs					(49,853	)			(53,893	)			(7.5	)			(198,782	)			(201,279	)			(1.2	)
Allowance for loan and lease losses – ending				$	1,028,128			$	1,050,024				(2.1	)		$	1,028,128			$	1,050,024				(2.1	)
Net charge-offs to average loans					0.17	%			0.21	%			(19.0	)%			0.18	%			0.23	%			(21.7	)%
Period Ended
Nonaccrual loans
Commercial				$	70,880			$	130,961				(45.9	)%
Real estate:
Construction					24,442				32,842				(25.6	)
Residential mortgages					103,317				104,452				(1.1	)
Other					44,603				36,684				21.6
Consumer loans					28,732				49,302				(41.7	)
Total nonaccrual loans					271,974				354,241				(23.2	)
Restructured loans					24,399				19,049				28.1
Total nonperforming loans					296,373				373,290				(20.6	)
Other real estate owned (OREO)					30,682				28,619				7.2
Other repossessed assets					7,160				8,749				(18.2	)
Total nonperforming assets				$	334,215			$	410,658				(18.6	)
Total nonperforming loans to total loans					0.26	%			0.37	%			(29.7	)%
Total nonperforming assets to total loans plus OREO and other repossessed assets					0.29				0.40				(27.5	)
Allowance to period-end loans					0.90				1.04				(13.5	)
Allowance to nonperforming loans					346.9				281.3				23.3

10

SunTrust Banks, Inc. and Subsidiaries
FIVE QUARTER OTHER FINANCIAL DATA

(Dollars in thousands)

				Three Months Ended
				December 31 2005				September 30 2005				% Change				June 30 2005				March 31 2005				December 31 2004
CREDIT DATA
Allowance for loan and lease losses – beginning				$	1,029,855			$	1,036,173				(0.6	)%		$	1,023,746			$	1,050,024			$	892,974
Allowance from acquisitions and other activity – net					—				—				—				—				—				173,844
Provision for loan losses					48,126				70,393				(31.6	)			47,811				10,556				37,099
Charge-offs
Commercial					(23,157	)			(52,450	)			(55.8	)			(19,779	)			(16,610	)			(24,335	)
Real estate:
Construction					(3,265	)			(748	)			336.5				(1,191	)			(797	)			(1,002	)
Residential mortgages					(13,914	)			(16,098	)			(13.6	)			(8,856	)			(8,473	)			(7,912	)
Other					(1,551	)			(328	)			372.9				(393	)			(825	)			(1,218	)
Consumer loans					(37,850	)			(34,990	)			8.2				(35,582	)			(38,388	)			(51,352	)
Total charge-offs					(79,737	)			(104,614	)			(23.8	)			(65,801	)			(65,093	)			(85,819	)
Recoveries
Commercial					9,561				7,732				23.7				9,278				9,737				14,295
Real estate:
Construction					90				205				(56.1	)			312				191				61
Residential mortgages					4,286				4,167				2.9				3,860				1,974				2,826
Other					369				1,415				(73.9	)			556				338				679
Consumer loans					15,578				14,384				8.3				16,411				16,019				14,065
Total recoveries					29,884				27,903				7.1				30,417				28,259				31,926
Net charge-offs					(49,853	)			(76,711	)			(35.0	)			(35,384	)			(36,834	)			(53,893	)
Allowance for loan and lease losses – ending				$	1,028,128			$	1,029,855				(0.2	)		$	1,036,173			$	1,023,746			$	1,050,024
Net charge-offs to average loans					0.17	%			0.27	%			(37.0	)%			0.13	%			0.14	%			0.21	%
Period Ended
Nonaccrual loans
Commercial				$	70,880			$	98,291				(27.9	)%		$	116,609			$	116,386			$	130,961
Real estate:
Construction					24,442				33,182				(26.3	)			50,311				36,793				32,842
Residential mortgages					103,317				101,826				1.5				102,201				112,166				104,452
Other					44,603				50,546				(11.8	)			36,456				45,192				36,684
Consumer loans					28,732				23,943				20.0				22,441				26,520				49,302
Total nonaccrual loans					271,974				307,788				(11.6	)			328,018				337,057				354,241
Restructured loans					24,399				21,876				11.5				21,236				20,071				19,049
Total nonperforming loans					296,373				329,664				(10.1	)			349,254				357,128				373,290
Other real estate owned (OREO)					30,682				26,013				17.9				25,263				27,555				28,619
Other repossessed assets					7,160				7,060				1.4				5,786				7,662				8,749
Total nonperforming assets				$	334,215			$	362,737				(7.9	)		$	380,303			$	392,345			$	410,658
Total nonperforming loans to total loans					0.26	%			0.29	%			(10.3	)%			0.32	%			0.34	%			0.37	%
Total nonperforming assets to total loans plus OREO and other repossessed assets					0.29				0.32				(9.4	)			0.35				0.37				0.40
Allowance to period-end loans					0.90				0.92				(2.2	)			0.95				0.98				1.04
Allowance to nonperforming loans					346.9				312.4				11.0				296.7				286.7				281.3

11

SunTrust Banks, Inc. and Subsidiaries
RECONCILEMENT OF NON-GAAP MEASURES
APPENDIX A TO THE PRESS RELEASE

(Dollars in thousands)

				Three Months Ended																				Twelve Months Ended
				December 31 2005				September 30 2005				June 30 2005				March 31 2005				December 31 2004				December 31
																								2005				2004
NON-GAAP MEASURES PRESENTED IN THE PRESS RELEASE
Net income				$	513,806			$	510,774			$	465,700			$	492,294			$	455,729			$	1,982,574			$	1,572,901
Securities (gains)/losses, net of tax					(372	)			1,283				17				3,509				12,595				4,436				27,099
Net income excluding securities gains and losses					513,434				512,057				465,717				495,803				468,324				1,987,010				1,600,000
The Coca-Cola Company dividend, net of tax					(12,027	)			(12,028	)			(12,027	)			(12,028	)			(10,739	)			(48,112	)			(42,957	)
Net income excluding securities (gains)/losses and The Coca-Cola Company dividend				$	501,407			$	500,029			$	453,690			$	483,775			$	457,585			$	1,938,898			$	1,557,043
Total average assets				$	175,769,140			$	169,933,960			$	165,253,589			$	161,218,222			$	156,570,092			$	168,088,771			$	133,754,293
Average net unrealized securities gains					(1,871,230	)			(2,102,257	)			(1,791,566	)			(2,032,787	)			(2,056,737	)			(1,949,436	)			(2,372,246	)
Average assets less net unrealized securities gains				$	173,897,910			$	167,831,703			$	163,462,023			$	159,185,435			$	154,513,355			$	166,139,335			$	131,382,047
Total average equity				$	16,875,645			$	16,822,919			$	16,275,567			$	16,119,430			$	15,818,968			$	16,526,282			$	11,469,482
Average accumulated other comprehensive income					(1,126,701	)			(1,331,103	)			(1,139,477	)			(1,285,278	)			(1,304,553	)			(1,220,508	)			(1,517,227	)
Total average realized equity				$	15,748,944			$	15,491,816			$	15,136,090			$	14,834,152			$	14,514,415			$	15,305,774			$	9,952,255
Return on average total assets					1.16	%			1.19	%			1.13	%			1.24	%			1.16	%			1.18	%			1.18	%
Impact of excluding net realized and unrealized securities gains/losses and The Coca-Cola Company dividend					(0.02	)			(0.01	)			(0.02	)			(0.01	)			0.02				(0.01	)			0.01
Return on average total assets less net unrealized securities gains1					1.14	%			1.18	%			1.11	%			1.23	%			1.18	%			1.17	%			1.19	%
Return on average total shareholders' equity					12.08	%			12.05	%			11.48	%			12.39	%			11.46	%			12.00	%			13.71	%
Impact of excluding net realized and unrealized securities gains/ losses and The Coca-Cola Company dividend					0.55				0.76				0.54				0.84				1.08				0.67				1.94
Return on average realized shareholders' equity 2					12.63	%			12.81	%			12.02	%			13.23	%			12.54	%			12.67	%			15.65	%
Noninterest income				$	790,437			$	832,398			$	770,909			$	753,814			$	759,003			$	3,147,558			$	2,604,446
Securities (gains)/losses					(600	)			2,069				27				5,659				19,377				7,155				41,691
Gain on sale of RCM assets, net of related expenses					—				(3,508	)			—				(19,874	)			—				(23,382	)			—
Total noninterest income excluding securities (gains)/losses and net gain on sale of RCM assets3				$	789,837			$	830,959			$	770,936			$	739,599			$	778,380			$	3,131,331			$	2,646,137
Net interest income				$	1,187,036			$	1,156,661			$	1,123,709			$	1,111,560			$	1,084,204			$	4,578,966			$	3,685,155
FTE adjustment					20,025				19,081				18,720				17,666				16,684				75,492				58,398
Net interest income – FTE					1,207,061				1,175,742				1,142,429				1,129,226				1,100,888				4,654,458				3,743,553
Noninterest income					790,437				832,398				770,909				753,814				759,003				3,147,558				2,604,446
Total revenue					1,997,498				2,008,140				1,913,338				1,883,040				1,859,891				7,802,016				6,347,999
Securities (gains)/losses					(600	)			2,069				27				5,659				19,377				7,155				41,691
Gain on sale of RCM assets, net of related expenses					—				(3,508	)			—				(19,874	)			—				(23,382	)			—
Total revenue excluding securities (gains)/losses and net gain on sale of RCM assets3				$	1,996,898			$	2,006,701			$	1,913,365			$	1,868,825			$	1,879,268			$	7,785,789			$	6,389,690

12

SunTrust Banks, Inc. and Subsidiaries
RECONCILEMENT OF NON-GAAP MEASURES
APPENDIX A TO THE PRESS RELEASE, continued

(Dollars in thousands)

				Three Months Ended
				December 31 2005				September 30 2005				%4 Change				December 31 2005				December 31 2004				% Change
AVERAGE LOW COST CONSUMER AND COMMERCIAL DEPOSIT RECONCILEMENT
Noninterest bearing deposits				$	24,693,026			$	24,521,452				0.7			$	24,693,026			$	24,181,729				2.1
NOW accounts					17,011,346				16,853,139				0.9				17,011,346				16,940,751				0.4
Savings					5,472,928				5,865,099				(6.7	)			5,472,928				8,139,263				(32.8	)
Total average low cost consumer and commercial deposits				$	47,177,300			$	47,239,690				(0.1	)		$	47,177,300			$	49,261,743				(4.2	)

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/losses and the net gain on the sale of RCM assets. The Company believes total noninterest income and total revenue without securities gains/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.

13

SunTrust Banks, Inc. and Subsidiaries
RECONCILEMENT OF NON-GAAP MEASURES
APPENDIX A TO THE PRESS RELEASE, continued

(Dollars in thousands)

				Three Months Ended												Twelve Months Ended
				December 31 2005				September 30 2005				December 31 2004				December 31 2005				December 31 2004
SELECTED NON-GAAP MEASURES PRESENTED IN THE PRESS RELEASE 1
Net income				$	513,806			$	510,774			$	455,729			$	1,982,574			$	1,572,901
Merger expense, net of tax					4,053				7,505				18,461				61,158				18,461
Net income excluding merger expense					517,859				518,279				474,190				2,043,732				1,591,362
Net gain on sale of RCM assets, net of tax					—				(2,175	)			—				(14,497	)			—
Net income excluding merger expense and net gain on sale of RCM assets				$	517,859			$	516,104			$	474,190			$	2,029,235			$	1,591,362
Diluted earnings per share				$	1.41			$	1.40			$	1.26			$	5.45			$	5.19
Impact of excluding merger expense					0.02				0.02				0.05				0.17				0.06
Diluted earnings per share excluding merger expense					1.43				1.42				1.31				5.62				5.25
Impact of net gain on sale of RCM assets					—				—				—				(0.04	)			—
Diluted earnings per share excluding merger expense and net gain on sale of RCM assets				$	1.43			$	1.42			$	1.31			$	5.58			$	5.25
Total revenue				$	1,997,498			$	2,008,140			$	1,859,891			$	7,802,016			$	6,347,999
Securities (gains)/losses					(600	)			2,069				19,377				7,155				41,691
Net gain on sale of RCM assets					—				(3,508	)			—				(23,382	)			—
Total revenue excluding securities (gains)/losses and net gain on sale of RCM assets				$	1,996,898			$	2,006,701			$	1,879,268			$	7,785,789			$	6,389,690
Noninterest income				$	790,437			$	832,398			$	759,003			$	3,147,558			$	2,604,446
Net gain on sale of RCM assets					—				(3,508	)			—				(23,382	)			—
Noninterest income excluding net gain on sale of RCM assets				$	790,437			$	828,890			$	759,003			$	3,124,176			$	2,604,446
Noninterest expense				$	1,206,927			$	1,177,071			$	1,148,992			$	4,690,729			$	3,897,038
Merger expense					(6,538	)			(12,104	)			(28,401	)			(98,642	)			(28,401	)
Noninterest expense excluding merger expense				$	1,200,389			$	1,164,967			$	1,120,591			$	4,592,087			$	3,868,637
Efficiency ratio					60.42	%			58.62	%			61.78	%			60.12	%			61.39	%
Impact of excluding merger expense					(0.33	)			(0.61	)			(1.53	)			(1.26	)			(0.45	)
Efficiency ratio excluding merger expense					60.09				58.01				60.25				58.86				60.94
Impact of net gain on sale of RCM assets					—				0.10				—				0.17				—
Efficiency ratio excluding merger expense and net gain on sale of RCM assets					60.09	%			58.11	%			60.25	%			59.03	%			60.94	%
Return on average total assets					1.16	%			1.19	%			1.16	%			1.18	%			1.18	%
Impact of excluding merger expense					0.01				0.02				0.04				0.04				0.01
Return on average total assets excluding merger expense 2					1.17	%			1.21	%			1.20	%			1.22	%			1.19	%
Return on average total shareholders' equity					12.08	%			12.05	%			11.46	%			12.00	%			13.71	%
Impact of excluding merger expense					0.09				0.17				0.47				0.37				0.16
Return on average total shareholders' equity excluding merger expense 3					12.17	%			12.22	%			11.93	%			12.37	%			13.87	%

1

SunTrust presents selected financial data on a basis that excludes merger expense, which represent incremental costs to integrate the operations of National Commerce Financial (‘‘NCF’’). The Company also presents selected financial data that 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 net income excluding merger expense by average total assets.

3	Computed by dividing annualized net income excluding merger expense by average total shareholders' equity.

14

SunTrust Banks, Inc. and Subsidiaries
QUARTER-TO-QUARTER COMPARISON — ACTUAL
APPENDIX B TO THE PRESS RELEASE

				Three Months Ended
				December 31 2005				September 30 2005				Increase/(Decrease)								Sequential Annualized 1 %				December 31 2005				December 31 2004				Increase/(Decrease)
												Amount				%																Amount				%
STATEMENTS OF INCOME (Dollars in thousands)
NET INTEREST INCOME				$	1,187,036			$	1,156,661			$	30,375				2.6	%			10.5	%		$	1,187,036			$	1,084,204			$	102,832				9.5	%
Provision for loan losses					48,126				70,393				(22,267	)			(31.6	)			NM				48,126				37,099				11,027				29.7
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES					1,138,910				1,086,268				52,642				4.8				19.4				1,138,910				1,047,105				91,805				8.8
NONINTEREST INCOME
Deposit and other fees 2					369,987				368,613				1,374				0.4				1.5				369,987				356,777				13,210				3.7
Trust and investment management income					172,900				168,802				4,098				2.4				9.7				172,900				160,526				12,374				7.7
Broker / dealer revenue 3					132,909				147,184				(14,275	)			(9.7	)			(38.8	)			132,909				158,888				(25,979	)			(16.4	)
Other noninterest income					114,041				146,360				(32,319	)			(22.1	)			(88.3	)			114,041				102,189				11,852				11.6
Noninterest income before securities gains/(losses) and net gain on sale of RCM assets 4					789,837				830,959				(41,122	)			(4.9	)			(19.8	)			789,837				778,380				11,457				1.5
Gain on sale of RCM assets, net of related expenses					—				3,508				(3,508	)			(100.0	)			NM				—				—				—				—
Noninterest income before securities gains/(losses)					789,837				834,467				(44,630	)			(5.3	)			(21.4	)			789,837				778,380				11,457				1.5
Securities gains/(losses)					600				(2,069	)			2,669				(129.0	)			NM				600				(19,377	)			19,977				(103.1	)
Total noninterest income					790,437				832,398				(41,961	)			(5.0	)			(20.2	)			790,437				759,003				31,434				4.1
NONINTEREST EXPENSE
Personnel expense					643,801				632,333				11,468				1.8				7.3				643,801				612,861				30,940				5.0
Net occupancy expense					83,217				79,519				3,698				4.7				18.6				83,217				78,218				4,999				6.4
Outside processing and software					92,305				92,952				(647	)			(0.7	)			(2.8	)			92,305				81,368				10,937				13.4
Equipment expense					49,494				50,083				(589	)			(1.2	)			(4.7	)			49,494				50,765				(1,271	)			(2.5	)
Marketing and customer development					50,133				38,651				11,482				29.7				NM				50,133				34,389				15,744				45.8
Other noninterest expense					245,197				216,020				29,177				13.5				54.0				245,197				231,231				13,966				6.0
Noninterest expense before Affordable Housing impairment charge, amortization of intangible assets and merger expense 5					1,164,147				1,109,558				54,589				4.9				19.7				1,164,147				1,088,832				75,315				6.9
Impairment charge on Affordable Housing Properties					8,050				25,672				(17,622	)			(68.6	)			NM				8,050				—				8,050				100.0
Amortization of intangible assets					28,192				29,737				(1,545	)			(5.2	)			(20.8	)			28,192				31,759				(3,567	)			(11.2	)
Merger expense					6,538				12,104				(5,566	)			(46.0	)			NM				6,538				28,401				(21,863	)			(77.0	)
Total noninterest expense					1,206,927				1,177,071				29,856				2.5				10.1				1,206,927				1,148,992				57,935				5.0
INCOME BEFORE INCOME TAXES					722,420				741,595				(19,175	)			(2.6	)			(10.3	)			722,420				657,116				65,304				9.9
Provision for income taxes					208,614				230,821				(22,207	)			(9.6	)			(38.5	)			208,614				201,387				7,227				3.6
NET INCOME					513,806				510,774				3,032				0.6				2.4				513,806				455,729				58,077				12.7
Merger expense, net of tax					4,053				7,505				(3,452	)			(46.0	)			NM				4,053				18,461				(14,408	)			(78.0	)
NET INCOME EXCLUDING MERGER EXPENSE					517,859				518,279				(420	)			(0.1	)			(0.3	)			517,859				474,190				43,669				9.2
Net gain on sale of RCM assets, net of tax					—				(2,175	)			2,175				(100.0	)			NM				—				—				—				—
NET INCOME EXCLUDING MERGER EXPENSE AND NET GAIN ON SALE OF RCM ASSETS				$	517,859			$	516,104			$	1,755				0.3	%			1.4	%		$	517,859			$	474,190			$	43,669				9.2	%
REVENUE (Dollars in thousands)
Net interest income				$	1,187,036			$	1,156,661			$	30,375				2.6	%			10.5	%		$	1,187,036			$	1,084,204			$	102,832				9.5	%
FTE adjustment					20,025				19,081				944				4.9				19.8				20,025				16,684				3,341				20.0
Net interest income — FTE					1,207,061				1,175,742				31,319				2.7				10.7				1,207,061				1,100,888				106,173				9.6
Noninterest income					790,437				832,398				(41,961	)			(5.0	)			(20.2	)			790,437				759,003				31,434				4.1

15

				Three Months Ended
				December 31 2005				September 30 2005				Increase/(Decrease)								Sequential Annualized 1 %				December 31 2005				December 31 2004				Increase/(Decrease)
												Amount				%																Amount				%
Total revenue					1,997,498				2,008,140				(10,642	)			(0.5	)			(2.1	)			1,997,498				1,859,891				137,607				7.4
Securities (gains)/losses					(600	)			2,069				(2,669	)			(129.0	)			NM				(600	)			19,377				(19,977	)			(103.1	)
Net gain on sale of RCM assets					—				(3,508	)			3,508				(100.0	)			NM				—				—				—				—
Total revenue excluding securities gains/losses and net gain on sale of RCM assets				$	1,996,898			$	2,006,701			$	(9,803	)			(0.5	)%			(2.0	)%		$	1,996,898			$	1,879,268			$	117,630				6.3	%
SELECTED AVERAGE BALANCES (Dollars in millions)
Average Loans 6
Commercial				$	33,080			$	32,713			$	367				1.1	%			4.5	%		$	33,080			$	32,343			$	737				2.3	%
Real estate 1-4 family					30,014				28,366				1,648				5.8				23.2				30,014				22,535				7,479				33.2
Real estate commercial and construction					23,021				22,484				537				2.4				9.5				23,021				18,660				4,361				23.4
Real estate equity					13,068				12,649				419				3.3				13.2				13,068				11,016				2,052				18.6
Consumer 7					14,373				14,382				(9	)			(0.1	)			(0.3	)			14,373				15,390				(1,017	)			(6.6	)
Credit cards					272				224				48				21.4				85.4				272				193				79				41.1
Total loans				$	113,828			$	110,818			$	3,010				2.7	%			10.9	%		$	113,828			$	100,137			$	13,691				13.7	%
Average deposits
Noninterest bearing deposits				$	24,693			$	24,522			$	171				0.7	%			2.8	%		$	24,693			$	24,182			$	511				2.1	%
NOW accounts					17,011				16,853				158				0.9				3.8				17,011				16,941				70				0.4
Money market accounts					25,798				26,300				(502	)			(1.9	)			(7.6	)			25,798				24,507				1,291				5.3
Savings					5,473				5,865				(392	)			(6.7	)			(26.7	)			5,473				8,139				(2,666	)			(32.8	)
Consumer and other time					22,282				20,536				1,746				8.5				34.0				22,282				16,832				5,450				32.4
Total consumer and commercial deposits					95,257				94,076				1,181				1.3				5.0				95,257				90,601				4,656				5.1
Brokered and foreign deposits					21,010				17,969				3,041				16.9				67.7				21,010				10,671				10,339				96.9
Total deposits				$	116,267			$	112,045			$	4,222				3.8	%			15.1	%		$	116,267			$	101,272			$	14,995				14.8	%
SELECTED CREDIT DATA (Dollars in thousands)
Nonaccrual loans				$	271,974			$	307,788			$	(35,814	)			(11.6	)%			(46.5	)%		$	271,974			$	354,241			$	(82,267	)			(23.2	)%
Restructured loans					24,399				21,876				2,523				11.5				46.1				24,399				19,049				5,350				28.1
Total nonperforming loans					296,373				329,664				(33,291	)			(10.1	)			(40.4	)			296,373				373,290				(76,917	)			(20.6	)
Other real estate owned (OREO)					30,682				26,013				4,669				18.0				71.8				30,682				28,619				2,063				7.2
Other repossessed assets					7,160				7,060				100				1.4				5.6				7,160				8,749				(1,589	)			(18.2	)
Total nonperforming assets				$	334,215			$	362,737			$	(28,522	)			(7.9	)%			(31.5	)%		$	334,215				410,658			$	(76,443	)			(18.6	)%
Allowance for loan and lease losses				$	1,028,128			$	1,029,855			$	(1,727	)			(0.2	)%			(0.7	)%		$	1,028,128			$	1,050,024			$	(21,896	)			(2.1	)%

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 fees 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 gains/(losses) and net gain on the sale of RCM assets. The Company believes noninterest income before securities gains/(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.

16

SunTrust Banks, Inc. and Subsidiaries
YEAR-TO-YEAR COMPARISON — HISTORICAL COMBINED GROWTH
APPENDIX B TO THE PRESS RELEASE, continued

The year-to-date 2004 figures represent SunTrust and NCF on a historical combined basis.

See page 16 for a reconcilement of these historical combined amounts.

				HISTORICAL COMBINED
				Twelve Months Ended
				December 31								Increase/(Decrease)
				2005				2004				Amount				%
STATEMENTS OF INCOME (Dollars in thousands)
NET INTEREST INCOME				$	4,578,966			$	4,265,027			$	313,939				7.4	%
Provision for loan losses					176,886				179,514				(2,628	)			(1.5	)
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES					4,402,080				4,085,513				316,567				7.7
NONINTEREST INCOME
Deposit and other fees 1					1,439,779				1,403,103				36,676				2.6
Trust and investment management income					673,720				635,197				38,523				6.1
Broker / dealer revenue 2					567,438				599,155				(31,717	)			(5.3	)
Other noninterest income					450,394				354,375				96,019				27.1
Noninterest income before securities gains/(losses) and net gain on sale of RCM assets 3					3,131,331				2,991,830				139,501				4.7
Gain on sale of RCM assets, net of related expenses					23,382				—				23,382				100.0
Noninterest income before securities gains/(losses)					3,154,713				2,991,830				162,883				5.4
Securities losses					(7,155	)			(29,079	)			21,924				(75.4	)
Total noninterest income					3,147,558				2,962,751				184,807				6.2
NONINTEREST EXPENSE
Personnel expense					2,534,211				2,402,832				131,379				5.5
Net occupancy expense					312,070				308,401				3,669				1.2
Outside processing and software					357,387				306,713				50,674				16.5
Equipment expense					204,038				206,921				(2,883	)			(1.4	)
Marketing and customer development					156,711				138,400				18,311				13.2
Other noninterest expense					874,984				905,595				(30,611	)			(3.4	)
Noninterest expense before Affordable Housing impairment charge, amortization of intangible assets and merger expense 4					4,439,401				4,268,862				170,539				4.0
Impairment charge on Affordable Housing Properties					33,722				9,001				24,721				274.6
Amortization of intangible assets					118,964				116,661				2,303				2.0
Merger expense					98,642				28,401				70,241				247.3
Total noninterest expense					4,690,729				4,422,925				267,804				6.1
INCOME BEFORE INCOME TAXES					2,858,909				2,625,339				233,570				8.9
Provision for income taxes					876,335				809,466				66,869				8.3
NET INCOME					1,982,574				1,815,873				166,701				9.2
Merger expense, net of tax					61,158				18,461				42,697				231.3
NET INCOME EXCLUDING MERGER EXPENSE					2,043,732				1,834,334				209,398				11.4
Net gain on sale of RCM assets, net of tax					(14,497	)			—				(14,497	)			(100.0	)
NET INCOME EXCLUDING MERGER EXPENSE AND NET GAIN ON SALE OF RCM ASSETS				$	2,029,235			$	1,834,334			$	194,901				10.6	%
REVENUE (Dollars in thousands)
Net interest income				$	4,578,966			$	4,265,027			$	313,939				7.4	%
FTE adjustment 5					75,492				65,125				10,367				15.9
Net interest income — FTE					4,654,458				4,330,152				324,306				7.5
Noninterest income					3,147,558				2,962,751				184,807				6.2

17

				HISTORICAL COMBINED
				Twelve Months Ended
				December 31								Increase/(Decrease)
				2005				2004				Amount				%
Total revenue					7,802,016				7,292,903				509,113				7.0
Securities losses					7,155				29,079				(21,924	)			(75.4	)
Net gain on sale of RCM assets					(23,382	)			—				(23,382	)			(100.0	)
Total revenue excluding securities gains/losses and net gain on sale of RCM assets				$	7,785,789			$	7,321,982			$	463,807				6.3	%
Noninterest expense				$	4,690,729			$	4,422,925			$	267,804				6.1	%
Merger expense					(98,642	)			(28,401	)			(70,241	)			247.3
Noninterest expense excluding merger expense				$	4,592,087			$	4,394,524			$	197,563				4.5	%
Efficiency ratio					60.12	%			60.65	%			(0.53	)			(0.9	)%
Impact of excluding merger expense					(1.26	)			(0.39	)			(0.87	)			224.7
Efficiency ratio excluding merger expense					58.86	%			60.26	%			(1.40	)			(2.3	)%
SELECTED AVERAGE BALANCES (Dollars in millions)
Average Loans 6
Commercial				$	32,935			$	32,147			$	788				2.5	%
Real estate 1-4 family					27,092				20,847				6,245				30.0
Real estate commercial and construction					21,567				18,081				3,486				19.3
Real estate equity					12,361				9,916				2,445				24.7
Consumer 7					14,560				15,358				(798	)			(5.2	)
Credit cards					227				172				55				32.1
Total loans				$	108,742			$	96,521			$	12,221				12.7	%
Average deposits
Noninterest bearing deposits				$	24,315			$	23,033			$	1,282				5.6	%
NOW accounts					17,214				15,468				1,746				11.3
Money market accounts					25,589				24,249				1,340				5.5
Savings					6,320				8,497				(2,177	)			(25.6	)
Consumer and other time					19,917				15,840				4,077				25.7
Total consumer and commercial deposits					93,355				87,087				6,268				7.2
Brokered and foreign deposits					17,052				11,855				5,197				43.8
Total deposits				$	110,407			$	98,942			$	11,465				11.5	%

1	Includes service charges on deposits, card fees 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 gains/(losses) and net gain on the sale of RCM assets. The Company believes noninterest income before securities gains/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 $13.1 million from the year ended 2004 to conform to SunTrust 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.

18

SunTrust Banks, Inc. and Subsidiaries
SUNTRUST / NCF — SELECTED HISTORICAL FINANCIAL DATA
APPENDIX B TO THE PRESS RELEASE, continued

				Twelve Months Ended
				December 31, 2004
				SunTrust				NCF				Historical Combined
STATEMENTS OF INCOME (Dollars in thousands)
NET INTEREST INCOME				$	3,685,155			$	579,872			$	4,265,027
Provision for loan losses					135,537				43,977				179,514
NET INTEREST INCOME AFTER PROVISION
FOR LOAN LOSSES					3,549,618				535,895				4,085,513
NONINTEREST INCOME
Deposit and other fees 1					1,243,955				159,148				1,403,103
Trust and investment management income					586,783				48,414				635,197
Broker / dealer revenue 2					527,340				71,815				599,155
Other noninterest income					288,059				66,316				354,375
Noninterest income before securities gains/(losses)					2,646,137				345,693				2,991,830
Securities gains/(losses)					(41,691	)			12,612				(29,079	)
Total noninterest income					2,604,446				358,305				2,962,751
NONINTEREST EXPENSE
Personnel expense					2,168,313				234,519				2,402,832
Net occupancy expense					268,248				40,153				308,401
Outside processing and software					286,270				20,443				306,713
Equipment expense					184,865				22,056				206,921
Marketing and customer development					128,291				10,109				138,400
Other noninterest expense					746,067				159,528				905,595
Noninterest expense before Affordable Housing impairment charge, amortization of intangible assets and merger expense					3,782,054				486,808				4,268,862
Impairment charge on Affordable Housing Properties					9,001				—				9,001
Amortization of intangible assets					77,582				39,079				116,661
Merger expense					28,401				—				28,401
Total noninterest expense					3,897,038				525,887				4,422,925
INCOME BEFORE INCOME TAXES					2,257,026				368,313				2,625,339
Provision for income taxes					684,125				125,341				809,466
NET INCOME				$	1,572,901			$	242,972			$	1,815,873
REVENUE (Dollars in thousands)
Net interest income				$	3,685,155			$	579,872			$	4,265,027
FTE adjustment 3					58,398				6,727				65,125
Net interest income — FTE					3,743,553				586,599				4,330,152
Noninterest income					2,604,446				358,305				2,962,751
Total revenue					6,347,999				944,904				7,292,903
Securities (gains)/losses					41,691				(12,612	)			29,079
Total revenue excluding securities gains/losses				$	6,389,690			$	932,292			$	7,321,982
Noninterest expense				$	3,897,038			$	525,887			$	4,422,925
Merger expense					(28,401	)			—				(28,401	)
Noninterest expense excluding merger expense				$	3,868,637			$	525,887			$	4,394,524
Efficiency ratio					61.39	%			55.66	%			60.65
Impact of excluding merger expense					(0.45	)			—				(0.39	)
Efficiency ratio excluding merger expense					60.94	%			55.66	%			60.26

19

				Twelve Months Ended
				December 31, 2004
				SunTrust				NCF				Historical Combined
SELECTED AVERAGE BALANCES (Dollars in millions)
Average Loans 4
Commercial				$	29,070			$	3,077			$	32,147
Real estate 1-4 family					20,048				799				20,847
Real estate commercial and construction					15,213				2,868				18,081
Real estate equity					8,503				1,413				9,916
Consumer 5					13,220				2,138				15,358
Credit cards					160				12				172
Total loans				$	86,214			$	10,307			$	96,521
Average deposits
Noninterest bearing deposits				$	21,047			$	1,986			$	23,033
NOW accounts					13,778				1,690				15,468
Money market accounts					22,865				1,384				24,249
Savings					7,225				1,272				8,497
Consumer and other time					12,177				3,663				15,840
Total consumer and commercial deposits					77,092				9,995				87,087
Brokered and foreign deposits					10,041				1,814				11,855
Total deposits				$	87,133			$	11,809			$	98,942

	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 $13.1 million from the year ended 2004 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.

20