Suntrust Banks 8K Results of Operations and Financial Condition | SEC 6 Apr 06

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			% Change			2005			2004			% Change
EARNINGS & DIVIDENDS
Net income	$	518.5		$	455.7			13.8	%	$	1,987.2		$	1,572.9			26.3	%
Total revenue – FTE²		2,005.0			1,859.9			7.8			7,809.5			6,348.0			23.0
Total revenue – FTE excluding securities gains and losses and net gain on sale of RCM assets¹		2,004.4			1,879.3			6.7			7,793.3			6,389.7			22.0
Net income per average common share
Diluted		1.43			1.26			13.5			5.47			5.19			5.4
Basic		1.44			1.27			13.4			5.53			5.25			5.3
Dividends paid per average common share		0.55			0.50			10.0			2.20			2.00			10.0
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		16,887			15,987			5.6
FINANCIAL RATIOS & OTHER DATA
Return on average total assets		1.17	%		1.16	%		0.9	%		1.18	%		1.18	%		—	%
Return on average assets less net unrealized securities gains¹		1.15			1.18			(2.5	)		1.17			1.19			(1.7	)
Return on average total equity		12.19			11.46			6.4			12.02			13.71			(12.3	)
Return on average realized equity¹		12.75			12.54			1.7			12.70			15.65			(18.8	)
Net interest margin²		3.10			3.21			(3.4	)		3.16			3.15			0.3
Efficiency ratio²		60.20			61.78			(2.6	)		60.06			61.39			(2.2	)
Tangible efficiency ratio¹		58.79			60.07			(2.1	)		58.54			60.17			(2.7	)
Effective tax rate		28.97			30.65			(5.5	)		30.67			30.31			1.2
Full-time equivalent employees		33,406			33,156			0.8
Number of ATM's		2,782			2,804			(0.8	)
Full service banking offices		1,657			1,676			(1.1	)
Traditional		1,325			1,344			(1.4	)
In-store		332			332			—
Tier 1 capital ratio		7.01	%		7.16	%		(2.1	)%
Total capital ratio		10.57			10.36			2.0
Tier 1 leverage ratio		6.65			6.64			0.2
Total average shareholders' equity to total average assets		9.60			10.10			(5.0	)		9.83			8.58			14.6
Tangible equity to tangible assets¹		5.56			5.67			(1.9	)
Book value per share		46.65			44.30			5.3
Market price:
High		75.46			74.38			1.5			75.77			76.65			(1.1	)
Low		65.32			67.03			(2.6	)		65.32			61.27			6.6
Close		72.76			73.88			(1.5	)		72.76			73.88			(1.5	)
Market capitalization		26,338			26,659			(1.2	)
Average common 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


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


²	Revenue, 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.


	Revenue – FTE equals net interest income – FTE plus noninterest income.

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	$	518.5		$	510.8		$	465.7		$	492.3		$	455.7
Total revenue – FTE²		2,005.0			2,008.1			1,913.3			1,883.0			1,859.9
Total revenue – FTE excluding securities gains and losses and net gain on sale of RCM assets¹		2,004.4			2,006.7			1,913.4			1,868.8			1,879.3
Net income per average common share
Diluted		1.43			1.40			1.28			1.36			1.26
Basic		1.44			1.42			1.30			1.37			1.27
Dividends paid per average common share		0.55			0.55			0.55			0.55			0.50
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		16,887			16,718			16,646			16,104			15,987
FINANCIAL RATIOS & OTHER DATA
Return on average total assets		1.17	%		1.19	%		1.13	%		1.24	%		1.16	%
Return on average assets less net unrealized securities gains¹		1.15			1.18			1.11			1.23			1.18
Return on average total equity		12.19			12.05			11.48			12.39			11.46
Return on average realized equity¹		12.75			12.81			12.02			13.23			12.54
Net interest margin²		3.10			3.12			3.16			3.25			3.21
Efficiency ratio²		60.20			58.62			61.30			60.22			61.78
Tangible efficiency ratio¹		58.79			57.13			59.74			58.56			60.07
Effective tax rate		28.97			31.12			30.90			31.71			30.65
Full-time equivalent employees		33,406			33,013			32,751			33,139			33,156
Number of ATM's		2,782			2,769			2,761			2,804			2,804
Full service banking offices		1,657			1,647			1,642			1,693			1,676
Traditional		1,325			1,319			1,319			1,346			1,344
In-store		332			328			323			347			332
Tier 1 capital ratio		7.01	%		7.03	%		7.04	%		7.07	%		7.16	%
Total capital ratio		10.57			10.66			10.25			10.44			10.36
Tier 1 leverage ratio		6.65			6.64			6.65			6.61			6.64
Total average shareholders' equity to total average assets		9.60			9.90			9.85			10.00			10.10
Tangible equity to tangible assets¹		5.56			5.68			5.72			5.52			5.67
Book value per share		46.65			46.28			45.96			44.59			44.30
Market price:
High		75.46			75.77			75.00			74.18			74.38
Low		65.32			68.85			69.60			69.00			67.03
Close		72.76			69.45			72.24			72.07			73.88
Market capitalization		26,338			25,089			26,162			26,030			26,659
Average common 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	See Appendix A for a reconcilement of non-GAAP performance measures.


²	Revenue, 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.


	Revenue – FTE equals net interest income – FTE plus noninterest income.

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
Funds sold and securities purchased under
agreements to resell		1,313,498			1,596,269			(282,771	)		(17.7	)
Trading assets		2,811,225			2,183,645			627,580			28.7
Securities available for sale¹		26,525,821			28,941,080			(2,415,259	)		(8.3	)
Loans held for sale		13,695,613			6,580,223			7,115,390			108.1
Loans:
Commercial		33,764,183			31,823,812			1,940,371			6.1
Real estate:
Home equity lines		13,635,705			11,519,168			2,116,537			18.4
Construction		11,046,903			7,845,416			3,201,487			40.8
Residential mortgages		29,877,312			24,553,498			5,323,814			21.7
Commercial real estate		12,516,035			12,083,747			432,288			3.6
Consumer		13,450,245			13,425,227			25,018			0.2
Business credit card		264,512			175,304			89,208			50.9
Total 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:
NOW accounts		17,781,451			18,015,479			(234,028	)		(1.3	)
Money market accounts		25,484,016			24,521,460			962,556			3.9
Savings		5,423,878			7,683,016			(2,259,138	)		(29.4	)
Consumer time		13,436,072			12,068,785			1,367,287			11.3
Other time		9,119,302			4,942,641			4,176,661			84.5
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		4,258,013			3,882,342			375,671			9.7
Securities sold under agreements to
repurchase		6,116,520			5,460,489			656,031			12.0
Other short-term borrowings		1,937,624			2,062,549			(124,925	)		(6.1	)
Long-term debt		20,779,249			22,127,166			(1,347,917	)		(6.1	)
Trading liabilities		1,529,325			1,098,563			430,762			39.2
Other liabilities		6,151,537			4,890,525			1,261,012			25.8
Total liabilities		162,825,446			142,882,885			19,942,561			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		9,310,978			8,118,710			1,192,268			14.7
Treasury stock, at cost, 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		16,887,395			15,986,899			900,496			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

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
Funds sold and securities purchased under
agreements to resell		1,313,498			1,208,087			1,496,544			1,764,554			1,596,269
Trading assets		2,811,225			2,470,160			2,489,467			2,516,512			2,183,645
Securities available for sale¹		26,525,821			26,867,580			28,767,390			29,374,017			28,941,080
Loans held for sale		13,695,613			10,378,411			7,656,249			6,955,538			6,580,223
Loans
Commercial		33,764,183			33,109,716			33,750,907			33,261,968			31,823,812
Real estate:
Home equity lines		13,635,705			13,268,826			12,812,764			11,974,594			11,519,168
Construction		11,046,903			10,225,044			9,540,554			8,430,066			7,845,416
Residential mortgages		29,877,312			28,646,871			26,756,044			25,554,889			24,553,498
Commercial real estate		12,516,035			12,566,702			12,692,682			11,957,627			12,083,747
Consumer		13,450,245			14,343,108			13,824,152			13,394,083			13,425,227
Business credit card		264,512			250,543			217,097			187,632			175,304
Total 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 assets²	$	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:
NOW accounts		17,781,451			16,896,647			17,574,815			17,897,932			18,015,479
Money market accounts		25,484,016			26,065,278			25,798,052			25,017,969			24,521,460
Savings		5,423,878			5,670,516			6,124,696			7,382,097			7,683,016
Consumer time		13,436,072			12,786,056			12,131,283			12,796,957			12,068,785
Other time		9,119,302			8,497,819			7,670,308			5,492,237			4,942,641
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
Federal funds purchased		4,258,013			3,085,738			5,199,559			3,744,742			3,882,342
Securities sold under agreements to
repurchase		6,116,520			6,603,466			6,712,000			6,368,963			5,460,489
Other short-term borrowings		1,937,624			3,173,951			2,728,111			2,167,383			2,062,549
Long-term debt		20,779,249			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		6,151,537			5,675,754			5,520,940			5,341,181			4,890,525
Total liabilities		162,825,446			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		9,310,978			8,991,168			8,679,452			8,412,574			8,118,710
Treasury stock, at cost, 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		16,887,395			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

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		27,418		44,032			(16,614	)		(37.7	)		145,120			127,799			17,321		13.6
Card fees		57,688		49,308			8,380			17.0			210,779			153,439			57,340		37.4
Net gain on sale of RCM assets		—		—			—			—			23,382			—			23,382		100.0
Mortgage production related income		34,817		21,565			13,252			61.5			144,885			57,847			87,038		150.5
Mortgage servicing related income		13,519		9,584			3,935			41.1			41,856			11,083			30,773		277.7
Other noninterest income		65,705		71,040			(5,335	)		(7.5	)		263,653			219,129			44,524		20.3
Securities gains/(losses)		600		(19,377	)		19,977			(103.1	)		(7,155	)		(41,691	)		34,536		(82.8	)
Total noninterest income		797,923		759,003			38,920			5.1			3,155,044			2,604,446			550,598		21.1
NONINTEREST EXPENSE
Employee compensation and benefits		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 PROVISION FOR
INCOME TAXES		729,906		657,116			72,790			11.1			2,866,395			2,257,026			609,369		27.0
Provision for income taxes		211,435		201,387			10,048			5.0			879,156			684,125			195,031		28.5
NET INCOME	$	518,471	$	455,729		$	62,742			13.8		$	1,987,239		$	1,572,901		$	414,338		26.3
Net interest income – FTE¹	$	1,207,061	$	1,100,888		$	106,173			9.6		$	4,654,458		$	3,743,553		$	910,905		24.3
Net income per average common share
Diluted		1.43		1.26			0.17			13.5			5.47			5.19			0.28		5.4
Basic		1.44		1.27			0.17			13.4			5.53			5.25			0.28		5.3
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 FTE adjustments using a federal tax rate of 35% and state income taxes where applicable to increase tax-exempt interest income to a taxable-equivalent basis.

SunTrust Banks, Inc. and Subsidiaries
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		27,418		41,837			31,819			44,046			44,032
Card fees		57,688		52,924			52,011			48,156			49,308
Net gain on sale of RCM assets		—		3,508			—			19,874			—
Mortgage production related income		34,817		65,833			26,238			17,997			21,565
Mortgage servicing related income		13,519		5,242			10,885			12,210			9,584
Other noninterest income		65,705		75,285			70,616			52,047			71,040
Securities (losses)/gains		600		(2,069	)		(27	)		(5,659	)		(19,377	)
Total noninterest income		797,923		832,398			770,909			753,814			759,003
NONINTEREST EXPENSE
Employee compensation and benefits		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 PROVISION FOR INCOME TAXES		729,906		741,595			673,982			720,912			657,116
Provision for income taxes		211,435		230,821			208,282			228,618			201,387
NET INCOME	$	518,471	$	510,774		$	465,700		$	492,294		$	455,729
Net interest income – FTE 1	$	1,207,061	$	1,175,742		$	1,142,429		$	1,129,226		$	1,100,888
Net income per average common share
Diluted		1.43		1.40			1.28			1.36			1.26
Basic		1.44		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 FTE adjustments using a federal tax rate of 35% and state income taxes where applicable to increase tax-exempt interest income to a taxable-equivalent basis.

SunTrust Banks, Inc. and Subsidiaries
CONSOLIDATED 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		Average Yields/ Rates			Average Balances			Interest Income/ Expense		Average 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 home equity lines		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 – FTE		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 – FTE		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
Federal funds purchased		4,742.3			47.9		3.95			3,468.1			30.3		3.41
Securities sold under agreements to repurchase		6,452.1			58.1		3.53			6,671.1			51.7		3.03
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	%

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		Average Yields/ Rates			Average Balances			Interest Income/ Expense		Average Yields/ Rates			Average Balances			Interest Income/ Expense		Average 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 home equity lines		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 – FTE		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 – FTE		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
Federal funds purchased		3,467.7			27.0		3.08			3,870.1			23.4		2.42			3,135.2			15.1		1.89
Securities sold under agreements to repurchase		6,380.3			41.0		2.54			6,263.9			32.8		2.09			6,271.9			25.2		1.57
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	%

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		Average Yields/ Rates			Average Balances			Interest Income/ Expense		Average 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 home equity lines		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 – FTE		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 – FTE		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
Federal funds purchased		3,888.3			128.5		3.26			3,810.5			47.9		1.24
Securities sold under agreements to repurchase		6,443.0			183.7		2.81			5,986.2			60.7		1.00
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	%

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			% Change			2005			2004			% Change
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:
Home equity lines		(7,930	)		(2,729	)		190.6			(24,548	)		(12,625	)		94.4
Construction		(3,265	)		(1,002	)		225.8			(6,001	)		(4,115	)		45.8
Residential mortgages		(5,984	)		(5,183	)		15.5			(22,793	)		(20,197	)		12.9
Commercial real estate		(1,551	)		(1,218	)		27.3			(3,097	)		(5,515	)		(43.8	)
Consumer:
Direct		(9,714	)		(5,393	)		80.1			(37,199	)		(25,139	)		48.0
Indirect		(28,136	)		(45,959	)		(38.8	)		(109,611	)		(133,882	)		(18.1	)
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:
Home equity lines		1,877			1,047			79.3			6,163			3,306			86.4
Construction		90			61			47.5			798			113			606.2
Residential mortgages		2,409			1,779			35.4			8,124			6,362			27.7
Commercial real estate		369			679			(45.7	)		2,678			1,392			92.4
Consumer:
Direct		3,559			2,302			54.6			13,509			10,045			34.5
Indirect		12,019			11,763			2.2			48,883			43,641			12.0
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 (annualized)
Commercial		0.16	%		0.12	%		33.3	%		0.23	%		0.22	%		4.5	%
Real estate:
Home equity lines		0.18			0.06			200.0			0.15			0.11			36.4
Construction		0.12			0.04			200.0			0.05			0.07			(28.6	)
Residential mortgages		0.05			0.06			(16.7	)		0.05			0.07			(28.6	)
Commercial real estate		0.04			0.02			100.0			0.00			0.04			(100.0	)
Consumer:
Direct		0.45			0.18			150.0			0.42			0.34			23.5
Indirect		0.72			1.56			(53.8	)		0.68			1.02			(33.3	)
Total net charge-offs to total 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	)
Commercial real estate		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 accruing loans past due 90 days or more	$	241,806		$	214,259			12.9	%
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

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:
Home equity lines		(7,930	)		(6,992	)		13.4			(7,344	)		(2,282	)		(2,729	)
Construction		(3,265	)		(748	)		336.5			(1,191	)		(797	)		(1,002	)
Residential mortgages		(5,984	)		(9,106	)		(34.3	)		(1,512	)		(6,191	)		(5,183	)
Commercial real estate		(1,551	)		(328	)		372.9			(393	)		(825	)		(1,218	)
Consumer:
Direct		(9,714	)		(9,229	)		5.3			(13,684	)		(4,572	)		(5,393	)
Indirect		(28,136	)		(25,761	)		9.2			(21,898	)		(33,816	)		(45,959	)
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:
Home equity lines		1,877			2,030			(7.5	)		1,457			798			1,047
Construction		90			205			(56.1	)		312			191			61
Residential mortgages		2,409			2,137			12.7			2,403			1,176			1,779
Commercial real estate		369			1,415			(73.9	)		556			338			679
Consumer:
Direct		3,559			3,569			(0.3	)		3,841			2,540			2,302
Indirect		12,019			10,815			11.1			12,570			13,479			11,763
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 (annualized)
Commercial		0.16	%		0.54	%		(70.4	)%		0.13	%		0.08	%		0.12	%
Real estate:
Home equity lines		0.18			0.16			12.5			0.19			0.05			0.06
Construction		0.12			0.02			500.0			0.04			0.02			0.04
Residential mortgages		0.05			0.10			(50.0	)		(0.01	)		0.08			0.06
Commercial real estate		0.04			(0.03	)		(233.3	)		(0.01	)		0.02			0.02
Consumer:
Direct		0.45			0.43			4.7			0.72			0.12			0.18
Indirect		0.72			0.64			12.5			0.42			0.96			1.56
Total net charge-offs to total 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
Commercial real estate		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 accruing loans past due 90 days or more	$	241,806		$	223,805			8.0	%	$	195,855		$	182,591		$	214,259
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

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

OTHER INTANGIBLE ASSET ROLLFORWARD


	Three Months Ended												Twelve Months Ended
	December 31												December 31
	Core Deposit Intangible			Mortgage Servicing Rights			Other			Total			Core Deposit Intangible			Mortgage Servicing Rights			Other			Total
Balance, beginning of period	$	125,156		$	477,836		$	120,409		$	723,401		$	165,028		$	449,293		$	25,298		$	639,619
Amortization		(27,200	)		(36,852	)		(4,559	)		(68,611	)		(67,072	)		(168,127	)		(10,510	)		(245,709	)
Servicing rights originated		—			36,300			—			36,300			—			196,118			—			196,118
Seix acquisition		—			—			—			—			—			—			99,200			99,200
NCF acquisition		327,000			5,108			37,000			369,108			327,000			5,108			37,000			369,108
Branch divestiture		(813	)		—			—			(813	)		(813	)		—			—			(813	)
Other		—			—			2,066			2,066			—			—			3,928			3,928
Balance, December 31, 2004	$	424,143		$	482,392		$	154,916		$	1,061,451		$	424,143		$	482,392		$	154,916		$	1,061,451
Balance, beginning of period	$	348,018		$	613,467		$	151,388		$	1,112,873		$	424,143		$	482,392		$	154,916		$	1,061,451
Amortization		(23,275	)		(42,643	)		(4,918	)		(70,836	)		(99,400	)		(166,482	)		(19,565	)		(285,447	)
Servicing rights originated		—			86,780			—			86,780			—			341,694			—			341,694
LHP client relationships and noncompete agreements		—			—			—			—			—			—			11,119			11,119
Sale of Carswell of Carolina, Inc.		—			—			(5,850	)		(5,850	)		—			—			(5,850	)		(5,850	)
Balance, December 31, 2005	$	324,743		$	657,604		$	140,620		$	1,122,967		$	324,743		$	657,604		$	140,620		$	1,122,967


	Three Months Ended
	December 31 2005		September 30 2005			June 30 2005		March 31 2005			December 31 2004
COMMON SHARE ROLLFORWARD
(in thousands of shares)
Beginning balance		361,248		362,160			361,177		360,841			283,001
Acquisition of National Commerce Financial, Inc.		—		—			—		—			76,415
Shares issued/exchanged for employee
benefit plans and stock option activities		711		859			918		1,287			1,263
Acquisition of treasury stock		—		(1,780	)		—		(995	)		—
Performance and restricted stock activity		25		9			65		44			162
Ending balance		361,984		361,248			362,160		361,177			360,841
COMMON STOCK REPURCHASE ACTIVITY
Number of common shares repurchased		—		1,780			—		995			—
Average price per share of repurchased
common shares	$	—	$	70.22		$	—	$	71.77		$	—
Total cost (thousands)	$	—	$	124,990		$	—	$	71,405		$	—
Maximum number of shares that may yet be purchased under plans or programs		3,253		3,253			5,033		5,033			6,028

SunTrust Banks, Inc. and Subsidiaries
RECONCILEMENT OF NON-GAAP MEASURES
APPENDIX A
(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
	December 31 2005			September 30 2005			June 30 2005			March 31 2005			December 31 2004			2005			2004
NON-GAAP MEASURES
Net income	$	518,471		$	510,774		$	465,700		$	492,294		$	455,729		$	1,987,239		$	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		518,099			512,057			465,717			495,803			468,324			1,991,675			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	$	506,072		$	500,029		$	453,690		$	483,775		$	457,585		$	1,943,563		$	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		1.17	%		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		1.15	%		1.18	%		1.11	%		1.23	%		1.18	%		1.17	%		1.19	%
Return on average total shareholders' equity		12.19	%		12.05	%		11.48	%		12.39	%		11.46	%		12.02	%		13.71	%
Impact of excluding net realized and unrealized securities gains/losses and The Coca-Cola Company dividend		0.56			0.76			0.54			0.84			1.08			0.68			1.94
Return on average realized shareholders' equity²		12.75	%		12.81	%		12.02	%		13.23	%		12.54	%		12.70	%		15.65	%
Total shareholders' equity	$	16,887,395		$	16,717,750		$	16,646,196		$	16,104,259		$	15,986,899
Goodwill		(6,835,168	)		(6,841,631	)		(6,873,111	)		(6,861,721	)		(6,806,013	)
Other intangible assets including MSRs		(1,122,967	)		(1,112,873	)		(1,094,803	)		(1,073,154	)		(1,061,451	)
Mortgage servicing rights ("MSRs")		657,604			613,467			565,660			514,193			482,392
Tangible equity	$	9,586,864		$	9,376,713		$	9,243,942		$	8,683,577		$	8,601,827
Total assets	$	179,712,841		$	172,416,096		$	168,952,575		$	164,810,954		$	158,869,784
Goodwill		(6,835,168	)		(6,841,631	)		(6,873,111	)		(6,861,721	)		(6,806,013	)
Other intangible assets including MSRs		(1,122,967	)		(1,112,873	)		(1,094,803	)		(1,073,154	)		(1,061,451	)
Mortgage servicing rights ("MSRs")		657,604			613,467			565,660			514,193			482,392
Tangible assets	$	172,412,310		$	165,075,059		$	161,550,321		$	157,390,272		$	151,484,712

SunTrust Banks, Inc. and Subsidiaries
RECONCILEMENT OF NON-GAAP MEASURES
APPENDIX A, continued
(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
	December 31 2005			September 30 2005			June 30 2005			March 31 2005			December 31 2004			2005			2004
Tangible equity to tangible assets⁴		5.56	%		5.68	%		5.72	%		5.52	%		5.67	%
Noninterest income	$	797,923		$	832,398		$	770,909		$	753,814		$	759,003		$	3,155,044		$	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	$	797,323		$	830,959		$	770,936		$	739,599		$	778,380		$	3,138,817		$	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
Taxable-equivalent 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		797,923			832,398			770,909			753,814			759,003			3,155,044			2,604,446
Total revenue – FTE		2,004,984			2,008,140			1,913,338			1,883,040			1,859,891			7,809,502			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 – FTE excluding securities (gains)/losses and net gain on sale of RCM assets³	$	2,004,384		$	2,006,701		$	1,913,365		$	1,868,825		$	1,879,268		$	7,793,275		$	6,389,690
	Three Months Ended
	December 31 2005			September 30 2005			% 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	)

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.

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.

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

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

SunTrust Banks, Inc. and Subsidiaries
RECONCILEMENT OF NON-GAAP MEASURES
APPENDIX A, 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 ¹
Net income	$	518,471		$	510,774		$	455,729		$	1,987,239		$	1,572,901
Merger expense, net of tax		4,053			7,505			18,461			61,158			18,461
Net income excluding merger expense		522,524			518,279			474,190			2,048,397			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	$	522,524		$	516,104		$	474,190		$	2,033,900		$	1,591,362
Diluted earnings per share	$	1.43		$	1.40		$	1.26		$	5.47		$	5.19
Impact of excluding merger expense		0.01			0.02			0.05			0.17			0.06
Diluted earnings per share excluding merger expense		1.44			1.42			1.31			5.64			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	$	1.44		$	1.42		$	1.31		$	5.60		$	5.25
Total revenue – FTE	$	2,004,984		$	2,008,140		$	1,859,891		$	7,809,502		$	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	$	2,004,384		$	2,006,701		$	1,879,268		$	7,793,275		$	6,389,690
Noninterest income	$	797,923		$	832,398		$	759,003		$	3,155,044		$	2,604,446
Net gain on sale of RCM assets		—			(3,508	)		—			(23,382	)		—
Noninterest income excluding net gain on sale of RCM assets	$	797,923		$	828,890		$	759,003		$	3,131,662		$	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
Noninterest expense	$	1,206,927		$	1,177,071		$	1,148,992		$	4,690,729		$	3,897,038
Amortization of intangible assets		(28,192	)		(29,737	)		(31,759	)		(118,964	)		(77,582	)
Noninterest expense excluding amortization of intangible assets	$	1,178,735		$	1,147,334		$	1,117,233		$	4,571,765		$	3,819,456
Return on average total assets		1.17	%		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		1.18	%		1.21	%		1.20	%		1.22	%		1.19	%
Return on average total shareholders' equity		12.19	%		12.05	%		11.46	%		12.02	%		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		12.28	%		12.22	%		11.93	%		12.39	%		13.87	%
Efficiency ratio⁴		60.20	%		58.62	%		61.78	%		60.06	%		61.39	%
Impact of excluding merger expense		(0.33	)		(0.61	)		(1.53	)		(1.26	)		(0.45	)
Efficiency ratio excluding merger expense		59.87			58.01			60.25			58.80			60.94
Impact of net gain on sale of RCM assets		—			0.10			—			0.15			—
Efficiency ratio excluding merger expense and net gain on sale of RCM assets		59.87	%		58.11	%		60.25	%		58.96	%		60.94	%
Efficiency ratio⁴		60.20	%		58.62	%		61.78	%		60.06	%		61.39	%
Impact of excluding amortization of intangible assets		(1.41	)		(1.49	)		(1.71	)		(1.52	)		(1.22	)
Tangible efficiency ratio⁵		58.79	%		57.13	%		60.07	%		58.54	%		60.17	%
Tangible efficiency ratio⁵		58.79	%		57.13	%		60.07	%		58.54	%		60.17	%
Impact of excluding merger expense		(0.33	)		(0.60	)		(1.53	)		(1.26	)		(0.45	)
Tangible efficiency ratio excluding merger expense		58.46			56.53			58.54			57.28			59.72
Impact of net gain on sale of RCM assets		—			0.16			—			0.30			—
Tangible efficiency ratio excluding merger expense and net gain on sale of RCM assets		58.46	%		56.70	%		58.54	%		57.58	%		59.72	%

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

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.


⁴	Computed by dividing noninterest expense by total revenue – FTE. The efficiency ratios are presented on an 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.

⁵

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

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


	Three Months Ended
	December 31 2005		September 30 2005			Increase/ (Decrease)						Sequential Annualized ¹ %			December 31 2005		December 31 2004			Increase/ (Decrease)
	December 31 2005		September 30 2005			Amount			%			Sequential Annualized ¹ %			December 31 2005		December 31 2004			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 revenue³		140,395		147,184			(6,789	)		(4.6	)		(18.5	)		140,395		158,888			(18,493	)		(11.6	)
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		797,323		830,959			(33,636	)		(4.0	)		(16.2	)		797,323		778,380			18,943			2.4
Gain on sale of RCM assets, net of related expenses		—		3,508			(3,508	)		(100.0	)		NM			—		—			—			—
Noninterest income before securities gains/(losses)		797,323		834,467			(37,144	)		(4.5	)		(17.8	)		797,323		778,380			18,943			2.4
Securities gains/(losses)		600		(2,069	)		2,669			(129.0	)		NM			600		(19,377	)		19,977			(103.1	)
Total noninterest income		797,923		832,398			(34,475	)		(4.1	)		(16.6	)		797,923		759,003			38,920			5.1
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		729,906		741,595			(11,689	)		(1.6	)		(6.3	)		729,906		657,116			72,790			11.1
Provision for income taxes		211,435		230,821			(19,386	)		(8.4	)		(33.6	)		211,435		201,387			10,048			5.0
NET INCOME		518,471		510,774			7,697			1.5			6.0			518,471		455,729			62,742			13.8
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		522,524		518,279			4,245			0.8			3.3			522,524		474,190			48,334			10.2
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	$	522,524	$	516,104		$	6,420			1.2	%		5.0	%	$	522,524	$	474,190		$	48,334			10.2	%

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


	Three Months Ended
	December 31 2005			September 30 2005			Increase/ (Decrease)						Sequential Annualized ¹ %			December 31 2005			December 31 2004		Increase/ (Decrease)
	December 31 2005			September 30 2005			Amount			%			Sequential Annualized ¹ %			December 31 2005			December 31 2004		Amount			%
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	%
Taxable-equivalent 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		797,923			832,398			(34,475	)		(4.1	)		(16.6	)		797,923			759,003		38,920			5.1
Total revenue – FTE		2,004,984			2,008,140			(3,156	)		(0.2	)		(0.6	)		2,004,984			1,859,891		145,093			7.8
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 – FTE excluding securities gains/losses and net gain on sale of RCM assets	$	2,004,384		$	2,006,701			($2,317	)		(0.1	)%		(0.5	)%	$	2,004,384		$	1,879,268	$	125,116			6.7	%
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 home equity lines		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.

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

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

See page 17 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		574,924			599,155			(24,231	)		(4.0	)
Other noninterest income		450,394			354,375			96,019			27.1
Noninterest income before securities gains/(losses) and net gain on sale of RCM assets³		3,138,817			2,991,830			146,987			4.9
Gain on sale of RCM assets, net of related expenses		23,382			—			23,382			100.0
Noninterest income before securities gains/(losses)		3,162,199			2,991,830			170,369			5.7
Securities losses		(7,155	)		(29,079	)		21,924			(75.4	)
Total noninterest income		3,155,044			2,962,751			192,293			6.5
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		2,866,395			2,625,339			241,056			9.2
Provision for income taxes		879,156			809,466			69,690			8.6
NET INCOME		1,987,239			1,815,873			171,366			9.4
Merger expense, net of tax		61,158			18,461			42,697			231.3
NET INCOME EXCLUDING MERGER EXPENSE		2,048,397			1,834,334			214,063			11.7
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		2,033,900		$	1,834,334		$	199,566			10.9	%
REVENUE (Dollars in thousands)
Net interest income	$	4,578,966		$	4,265,027		$	313,939			7.4	%
Taxable-equivalent 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		3,155,044			2,962,751			192,293			6.5
Total revenue – FTE		7,809,502			7,292,903			516,599			7.1
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 – FTE excluding securities gains/lossesand net gain on sale of RCM assets	$	7,793,275		$	7,321,982		$	471,293			6.4	%

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

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

See page 17 for a reconcilement of these historical combined amounts.


	HISTORICAL COMBINED
	Twelve Months Ended
	December 31						Increase/(Decrease)
	2005			2004			Amount			%
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 ⁶		60.06			60.65	%		(0.59	)		(1.0	)%
Impact of excluding merger expense		(1.26	)		(0.39	)		(0.87	)		224.3
Efficiency ratio excluding merger expense ⁶		58.80			60.26	%		(1.46	)		(2.4	)%
SELECTED AVERAGE BALANCES (Dollars in millions)
Average Loans ⁷
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 home equity lines		12,361			9,916			2,445			24.7
Consumer 8		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.

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 taxable-equivaqlent adjustments were reduced $13.1 million from the year ended 2004 to conform to SunTrust methodology.


⁶	The efficiency ratios are presented on an 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.


⁷	SunTrust's average nonaccrual and restructured loans are included in the respective categories to conform to the NCF presentation.


⁸	Includes consumer direct and consumer indirect loans.

SunTrust Banks, Inc. and Subsidiaries
SUNTRUST / NCF – SELECTED HISTORICAL FINANCIAL DATA
APPENDIX B, 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
Taxable-equivalent 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 – FTE		6,347,999			944,904			7,292,903
Securities (gains)/losses		41,691			(12,612	)		29,079
Total revenue – FTE 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 ⁶		61.39	%		55.66	%		60.65	%
Impact of excluding merger expense		(0.45	)		—			(0.39	)
Efficiency ratio excluding merger expense ⁶		60.94	%		55.66	%		60.26	%


	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 home equity lines		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 taxable-equivalent 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.


⁶	The efficiency ratios are presented on an 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.

Retail Line of Business
(dollars in thousands)


	Three Months Ended									% Change						Twelve Months Ended
	December 31 2005			September 30 2005			December 31 2004			4Q 05 vs 3Q 05			4Q 05 vs 4Q 04			December 31 2005			December 31 2004			% Change
Statement of Income
Net interest income	$	580,244		$	554,483		$	507,446			4.6	%		14.3	%	$	2,193,599		$	1,796,856			22.1	%
FTE adjustment		25			22			17			13.6			47.1			83			75			10.7
Net interest income – FTE		580,269			554,505			507,463			4.6			14.3			2,193,682			1,796,931			22.1
Provision for loan losses¹		39,639			36,445			43,362			8.8			(8.6	)		138,320			142,049			(2.6	)
Net interest income after provision for loan losses – FTE		540,630			518,060			464,101			4.4			16.5			2,055,362			1,654,882			24.2
Noninterest income		264,866			264,047			246,931			0.3			7.3			1,023,106			834,212			22.6
Securities gains/(losses), net		—			1			125			(100.0	)		(100.0	)		(5	)		244			(102.0	)
Total noninterest income		264,866			264,048			247,056			0.3			7.2			1,023,101			834,456			22.6
Noninterest expense		504,161			490,068			483,717			2.9			4.2			1,962,185			1,628,485			20.5
Amortization of intangible assets		23,263			24,806			27,206			(6.2	)		(14.5	)		99,374			67,178			47.9
Total noninterest expense		527,424			514,874			510,923			2.4			3.2			2,061,559			1,695,663			21.6
Income before provision for income taxes		278,072			267,234			200,234			4.1			38.9			1,016,904			793,675			28.1
Provision for income taxes		102,483			99,902			80,980			2.6			26.6			379,610			304,784			24.6
FTE Adjustment		25			22			17			13.6			47.1			83			75			10.7
Net income	$	175,564		$	167,310		$	119,237			4.9			47.2		$	637,211		$	488,816			30.4
Total revenue – FTE	$	845,135		$	818,553		$	754,519			3.2			12.0		$	3,216,783		$	2,631,387			22.2
Average Balance Sheet
Loans	$	31,271,153		$	30,846,550		$	29,217,870			1.4			7.0		$	30,411,483		$	24,375,957			24.8
Goodwill		4,872,777			4,893,689			4,893,588			(0.4	)		(0.4	)		4,883,103			1,777,367			174.7
Other intangible assets excluding MSR's		335,309			361,137			437,905			(7.2	)		(23.4	)		372,607			211,980			75.8
Total assets		38,135,320			37,169,010			35,552,349			2.6			7.3			36,870,350			27,306,048			35.0
Total deposits		66,381,956			65,802,380			62,896,196			0.9			5.5			65,187,388			53,090,804			22.8
Shareholder's equity is not allocated at this time²
Performance Ratios
Efficiency ratio		62.41	%		62.90	%		67.72	%								64.09	%		64.44	%
Impact of excluding cost of intangible assets		(6.57	)		(7.09	)		(8.77	)								(7.36	)		(4.82	)
Tangible efficiency ratio		55.84	%		55.81	%		58.95	%								56.73	%		59.62	%


¹	Provision for loan losses represents net charge-offs for the lines of business.


²	Shareholder's equity is not allocated to the lines of business at this time; business line performance does not include the funding benefit that would result from holding shareholder's equity at the line of business level.

Commercial Line of Business
(dollars in thousands)


	Three Months Ended									% Change						Twelve Months Ended
	December 31 2005			September 30 2005			December 31 2004			4Q 05 vs 3Q 05			4Q 05 vs 4Q 04			December 31 2005			December 31 2004			% Change
Statement of Income
Net interest income	$	223,205		$	219,422		$	195,358			1.7	%		14.3	%	$	858,742		$	655,344			31.0	%
FTE adjustment		9,998			9,748			8,259			2.6			21.1			38,201			31,500			21.3
Net interest income – FTE		233,203			229,170			203,617			1.8			14.5			896,943			686,844			30.6
Provision for loan losses¹		7,057			15,479			1,181			(54.4	)		497.5			25,360			24,438			3.8	��
Net interest income after provision for loan losses – FTE		226,146			213,691			202,436			5.8			11.7			871,583			662,406			31.6
Noninterest income		69,263			67,522			61,456			2.6			12.7			255,128			235,009			8.6
Securities gains/(losses), net		—			—			—			0.0			0.0			—			—			0.0
Total noninterest income		69,263			67,522			61,456			2.6			12.7			255,128			235,009			8.6
Noninterest expense		164,633			163,906			142,266			0.4			15.7			623,819			508,091			22.8
Amortization of intangible assets		—			—			—			0.0			0.0			—			—			0.0
Total noninterest expense		164,633			163,906			142,266			0.4			15.7			623,819			508,091			22.8
Income before provision for income taxes		130,776			117,307			121,626			11.5			7.5			502,892			389,324			29.2
Provision for income taxes		16,610			15,929			20,391			4.3			(18.5	)		76,884			61,311			25.4
FTE Adjustment		9,998			9,748			8,259			2.6			21.1			38,201			31,500			21.3
Net income	$	104,168		$	91,630		$	92,976			13.7			12.0		$	387,807		$	296,513			30.8
Total revenue – FTE	$	302,466		$	296,692		$	265,073			1.9			14.1		$	1,152,071		$	921,853			25.0
Average Balance Sheet
Loans	$	30,994,011		$	30,983,692		$	28,854,166			0.0			7.4		$	30,764,679		$	23,732,147			29.6
Goodwill		1,261,388			1,266,522			1,275,232			(0.4	)		(1.1	)		1,264,374			412,971			206.2
Other intangible assets excluding MSR's		—			—			—			0.0			0.0			—			—			0.0
Total assets		33,303,566			33,252,263			30,988,904			0.2			7.5			32,996,467			24,951,627			32.2
Total deposits		13,808,338			13,195,123			13,238,728			4.6			4.3			13,408,970			11,359,630			18.0
Shareholder's equity is not allocated at this time²
Performance Ratios
Efficiency ratio		54.43	%		55.24	%		53.67	%								54.15	%		55.12	%
Impact of excluding cost of intangible assets		(2.40	)		(2.55	)		(3.02	)								(2.60	)		(1.21	)
Tangible efficiency ratio		52.03	%		52.69	%		50.65	%								51.55	%		53.91	%


¹	Provision for loan losses represents net charge-offs for the lines of business.


²	Shareholder's equity is not allocated to the lines of business at this time; business line performance does not include the funding benefit that would result from holding shareholder's equity at the line of business level.

Corporate and Investment Banking Line of Business


(dollars in thousands)	Three Months Ended									% Change						Twelve Months Ended
	December 31 2005			September 30 2005			December 31 2004			4Q 05 vs 3Q 05			4Q 05 vs 4Q 04			December 31 2005			December 31 2004			% Change
Statement of Income
Net interest income	$	66,566		$	62,031		$	54,633			7.3	%		21.8	%	$	243,417		$	240,913			1.0	%
FTE adjustment		6,215			5,530			4,462			12.4			39.3			22,005			16,207			35.8
Net interest income – FTE		72,781			67,561			59,095			7.7			23.2			265,422			257,120			3.2
Provision for loan losses¹		(2,447	)		17,977			(1,330	)		(113.6	)		84.0			14,808			16,407			(9.7	)
Net interest income after provision for loan losses – FTE		75,228			49,584			60,425			51.7			24.5			250,614			240,713			4.1
Noninterest income		137,708			169,669			184,855			(18.8	)		(25.5	)		635,984			631,202			0.8
Securities gains/(losses), net		1,298			(50	)		33			(2,696.0	)		3,833.3			1,543			33			4,575.8
Total noninterest income		139,006			169,619			184,888			(18.0	)		(24.8	)		637,527			631,235			1.0
Noninterest expense		104,652			118,573			128,630			(11.7	)		(18.6	)		453,715			459,844			(1.3	)
Amortization of intangible assets		122			122			155			0.0			(21.3	)		521			155			236.1
Total noninterest expense		104,774			118,695			128,785			(11.7	)		(18.6	)		454,236			459,999			(1.3	)
Income before provision for income taxes		109,460			100,508			116,528			8.9			(6.1	)		433,905			411,949			5.3
Provision for income taxes		35,425			32,517			39,552			8.9			(10.4	)		142,432			139,742			1.9
FTE Adjustment		6,215			5,530			4,462			12.4			39.3			22,005			16,207			35.8
Net income	$	67,820		$	62,461		$	72,514			8.6			(6.5	)	$	269,468		$	256,000			5.3
Total revenue – FTE	$	211,787		$	237,180		$	243,983			(10.7	)		(13.2	)	$	902,949		$	888,355			1.6
Average Balance Sheet
Loans	$	16,339,727		$	15,959,944		$	13,419,736			2.4			21.8		$	15,286,019		$	13,670,362			11.8
Goodwill		147,485			147,606			124,083			(0.1	)		18.9			147,600			102,200			44.4
Other intangible assets excluding MSR's		2,941			3,063			3,043			(4.0	)		(3.4	)		3,270			765			327.5
Total assets		23,195,484			21,695,289			18,676,709			6.9			24.2			21,259,490			18,668,903			13.9
Total deposits		3,614,194			3,134,817			3,286,667			15.3			10.0			3,289,047			3,264,777			0.7
Shareholder's equity is not allocated at this time²
Performance Ratios
Efficiency ratio		49.47	%		50.04	%		52.78	%								50.31	%		51.78	%
Impact of excluding cost of intangible assets		(0.44	)		(0.40	)		(0.40	)								(0.44	)		(0.32	)
Tangible efficiency ratio		49.03	%		49.64	%		52.38	%								49.87	%		51.46	%


¹	Provision for loan losses represents net charge-offs for the lines of business.


²	Shareholder's equity is not allocated to the lines of business at this time; business line performance does not include the funding benefit that would result from holding shareholder's equity at the line of business level.

Mortgage Line of Business


(dollars in thousands)	Three Months Ended									% Change						Twelve Months Ended
	December 31 2005			September 30 2005			December 31 2004			4Q 05 vs 3Q 05			4Q 05 vs 4Q 04			December 31 2005			December 31 2004			% Change
Statement of Income
Net interest income	$	151,800		$	139,629		$	125,028			8.7	%		21.4	%	$	547,861		$	489,354			12.0	%
FTE adjustment		—			—			—			0.0			0.0			—			—			0.0
Net interest income – FTE		151,800			139,629			125,028			8.7			21.4			547,861			489,354			12.0
Provision for loan losses¹		(1,293	)		2,719			226			(147.6	)		(672.1	)		4,818			3,614			33.3
Net interest income after provision for loan losses – FTE		153,093			136,910			124,802			11.8			22.7			543,043			485,740			11.8
Noninterest income		60,046			83,224			43,671			(27.9	)		37.5			238,224			116,363			104.7
Securities gains/(losses), net		—			—			—			0.0			0.0			1,076			—			0.0
Total noninterest income		60,046			83,224			43,671			(27.9	)		37.5			239,300			116,363			105.6
Noninterest expense		143,405			136,363			107,075			5.2			33.9			519,349			364,608			42.4
Amortization of intangible assets		867			867			867			0.0			0.0			3,467			2,377			45.9
Total noninterest expense		144,272			137,230			107,942			5.1			33.7			522,816			366,985			42.5
Income before provision for income taxes		68,867			82,904			60,531			(16.9	)		13.8			259,527			235,118			10.4
Provision for income taxes		22,999			28,662			20,581			(19.8	)		11.7			87,480			80,262			9.0
FTE Adjustment		—			—			—			0.0			0.0			—			—			0.0
Net income	$	45,868		$	54,242		$	39,950			(15.4	)		14.8		$	172,047		$	154,856			11.1
Total revenue – FTE	$	211,846		$	222,853		$	168,699			(4.9	)		25.6		$	787,161		$	605,717			30.0
Average Balance Sheet
Loans	$	26,914,925		$	24,856,739		$	20,846,005			8.3			29.1		$	24,201,325		$	18,003,883			34.4
Goodwill		248,732			248,929			247,764			(0.1	)		0.4			247,942			104,279			137.8
Other intangible assets excluding MSR's		8,137			9,007			11,605			(9.7	)		(29.9	)		9,431			8,848			6.6
Total assets		38,429,172			34,091,406			27,231,018			12.7			41.1			33,030,756			23,920,213			38.1
Total deposits		1,776,076			1,937,403			1,406,531			(8.3	)		26.3			1,653,931			1,381,751			19.7
Shareholder's equity is not allocated at this time²
Performance Ratios
Efficiency ratio		68.10	%		61.58	%		63.98	%								66.42	%		60.59	%
Impact of excluding cost of intangible assets		(1.30	)		(1.18	)		(1.70	)								(1.42	)		(0.96	)
Tangible efficiency ratio		66.80	%		60.40	%		62.28	%								65.00	%		59.63	%
Other Information
Production Data
Channel mix:
Retail	$	5,571,462		$	6,540,569		$	4,003,462			(14.8	)		39.2		$	21,948,190		$	14,465,246			51.7
Wholesale		4,268,199			4,210,478			2,354,903			1.4			81.2			14,024,741			8,339,975			68.2
Correspondent		3,267,244			3,941,552			2,115,679			(17.1	)		54.4			11,680,775			7,966,917			46.6
Total production	$	13,106,905		$	14,692,599		$	8,474,044			(10.8	)		54.7		$	47,653,706		$	30,772,138			54.9
Channel mix – percent
Retail		43	%		45	%		47	%								46	%		47	%
Wholesale		33			29			28									29			27
Correspondent		25			27			25									25			26
Total production		100	%		100	%		100	%								100	%		100	%


(dollars in thousands)	Three Months Ended									% Change					Twelve Months Ended
	December 31 2005			September 30 2005			December 31 2004			4Q 05 vs 3Q 05			4Q 05 vs 4Q 04		December 31 2005			December 31 2004			% Change
Purchase and refinance mix
Refinance	$	5,355,002		$	5,953,942		$	3,645,247			(10.1	)		46.9	$	18,933,552		$	13,009,948			45.5
Purchase	$	7,751,903		$	8,738,657		$	4,828,797			(11.3	)		60.5	$	28,720,154		$	17,762,190			61.7
Total production	$	13,106,905		$	14,692,599		$	8,474,044			(10.8	)		54.7	$	47,653,706		$	30,772,138			54.9
Purchase and refinance mix – percent
Refinance		41	%		41	%		43	%							40	%		42	%
Purchase		59			59			57								60			58
Total production		100	%		100	%		100	%							100	%		100	%
Applications	$	16,313,387		$	21,013,044		$	11,491,629			(22.4	)		42.0	$	70,604,085		$	46,522,624			51.8
Mortgage Servicing Data
Total loans serviced (EOP)		105,560,533			97,377,709			79,905,188			8.4			32.1		105,560,533			79,905,188			32.1
Total loans serviced for others – end of period ("EOP")		68,852,189			64,541,967			53,060,786			6.7			29.8		68,852,189			53,060,786			29.8
Carrying value of MSR's (EOP)		657,472			613,314			482,203			7.2			36.3		657,472			482,203			36.3
Ratio of carrying value of MSR's to total
loans serviced for others		0.955	%		0.950	%		0.909	%							0.955	%		0.909	%


¹	Provision for loan losses represents net charge-offs for the lines of business.


²	Shareholder's equity is not allocated to the lines of business at this time; business line performance does not include the funding benefit that would result from holding shareholder's equity at the line of business level.

Wealth and Investment Management Line of Business


(dollars in thousands)	Three Months Ended									% Change						Twelve Months Ended
	December 31			September 30			December 31			4Q 05 vs			4Q 05 vs			December 31			December 31			%
	2005			2005			2004			3Q 05			4Q 04			2005			2004			Change
Statement of Income
Net interest income	$	95,500		$	87,984		$	75,000			8.5	%		27.3	%	$	344,075		$	243,464			41.3	%
FTE adjustment		16			16			13			0.0			23.1			64			48			33.3
Net interest income – FTE		95,516			88,000			75,013			8.5			27.3			344,139			243,512			41.3
Provision for loan losses¹		5,842			1,886			999			209.8			484.8			8,881			3,780			134.9
Net interest income after provision for loan losses – FTE		89,674			86,114			74,014			4.1			21.2			335,258			239,732			39.8
Noninterest income		240,401			237,450			231,158			1.2			4.0			944,460			821,622			15.0
Securities gains/(losses), net		—			(30	)		—			(100.0	)		0.0			(191	)		(243	)		(21.4	)
Total noninterest income		240,401			237,420			231,158			1.3			4.0			944,269			821,379			15.0
Noninterest expense		241,234			230,010			232,927			4.9			3.6			939,014			800,031			17.4
Amortization of intangible assets		3,719			3,719			3,307			0.0			12.5			14,709			7,648			92.3
Total noninterest expense		244,953			233,729			236,234			4.8			3.7			953,723			807,679			18.1
Income before provision for income taxes		85,122			89,805			68,938			(5.2	)		23.5			325,804			253,432			28.6
Provision for income taxes		33,805			33,699			20,510			0.3			64.8			123,945			89,433			38.6
FTE Adjustment		16			16			13			0.0			23.1			64			48			33.3
Net income	$	51,301		$	56,090		$	48,415			(8.5	)		6.0		$	201,795		$	163,951			23.1
Total revenue – FTE	$	335,917		$	325,420		$	306,171			3.2			9.7		$	1,288,408		$	1,064,891			21.0
Average Balance Sheet
Loans	$	8,079,697		$	7,896,095		$	7,434,538			2.3			8.7		$	7,809,639		$	6,230,915			25.3
Goodwill		303,231			303,452			235,632			(0.1	)		28.7			302,211			148,695			103.2
Other intangible assets excluding MSR's		131,600			135,459			133,438			(2.8	)		(1.4	)		134,881			73,955			82.4
Total assets		8,851,230			8,661,798			8,075,697			2.2			9.6			8,565,814			6,659,258			28.6
Total deposits		9,541,291			9,712,821			9,386,560			(1.8	)		1.6			9,579,760			7,929,093			20.8
Shareholder's equity is not allocated at this time²
Performance Ratios
Efficiency ratio		72.92	%		71.82	%		77.16	%								74.02	%		75.85	%
Impact of excluding cost of intangible assets		(2.12	)		(2.20	)		(2.20	)								(2.26	)		(1.51	)
Tangible efficiency ratio		70.80	%		69.62	%		74.96	%								71.76	%		74.34	%
Other Information
Total assets under advisement – period-end
Assets under adminstration
Managed (discretionary) assets	$	135,309,399		$	133,598,278		$	126,400,000			1.3			7.0
Non-managed assets		45,546,613			48,713,372			41,200,000			(6.5	)		10.6
Total assets under administration		180,856,012			182,311,650			167,600,000			(0.8	)		7.9
Brokerage assets		33,405,436			30,100,000			26,500,000			11.0			26.1
Corporate trust assets		28,280,494			25,417,912			24,900,000			11.3			13.6
Total assets under advisement	$	242,541,942		$	237,829,562		$	219,000,000			2.0			10.7


¹	Provision for loan losses represents net charge-offs for the lines of business.


²	Shareholder's equity is not allocated to the lines of business at this time; business line performance does not include the funding


	benefit that would result from holding shareholder's equity at the line of business level.

Corporate Other and Treasury


(dollars in thousands)	Three Months Ended									% Change						Twelve Months Ended
	December 31			September 30			December 31			4Q 05 vs			4Q 05 vs			December 31			December 31			%
	2005			2005			2004			3Q 05			4Q 04			2005			2004			Change
Statement of Income
Net interest income	$	69,721		$	93,112		$	126,739			(25.1	)%		(45.0	)%	$	391,272		$	259,224			50.9	%
FTE adjustment		3,771			3,765			3,933			0.2			(4.1	)		15,139			10,568			43.3
Net interest income – FTE		73,492			96,877			130,672			(24.1	)		(43.8	)		406,411			269,792			50.6
Provision for loan losses¹		(672	)		(4,113	)		(7,339	)		(83.7	)		(90.8	)		(15,301	)		(54,751	)		(72.1	)
Net interest income after provision for loan losses – FTE		74,164			100,990			138,011			(26.6	)		(46.3	)		421,712			324,543			29.9
Noninterest income		25,039			12,555			10,309			99.4			142.9			65,297			7,729			744.9
Securities gains/(losses), net		(698	)		(1,990	)		(19,535	)		(64.9	)		(96.4	)		(9,578	)		(41,725	)		(77.0	)
Total noninterest income		24,341			10,565			(9,226	)		130.4			(363.8	)		55,719			(33,996	)		(263.9	)
Noninterest expense		14,112			(3,690	)		(5,783	)		(482.3	)		(344.1	)		(24,959	)		29,996			(183.2	)
Amortization of intangible assets		221			223			224			(0.9	)		(0.9	)		893			224			298.7
Merger expense		6,538			12,104			28,401			(46.0	)		(77.0	)		98,642			28,401			247.3
Total noninterest expense		20,871			8,637			22,842			141.7			(8.6	)		74,576			58,621			27.2
Income before provision for income taxes		77,634			102,918			105,943			(24.6	)		(26.7	)		402,855			231,926			73.7
Provision for income taxes		113			20,112			19,373			(99.4	)		(99.4	)		68,805			8,593			700.7
FTE Adjustment		3,771			3,765			3,933			0.2			(4.1	)		15,139			10,568			43.3
Net income	$	73,750		$	79,041		$	82,637			(6.7	)		(10.8	)	$	318,911		$	212,765			49.9
Total revenue – FTE	$	97,833		$	107,442		$	121,446			(8.9	)		(19.4	)	$	462,130		$	235,796			96.0
Average Balance Sheet
Loans	$	228,042		$	275,418		$	365,168			(17.2	)		(37.6	)	$	268,842		$	201,216			33.6
Securities available for sale		24,738,196			25,824,666			26,930,829			(4.2	)		(8.1	)		26,180,064			23,776,066			10.1
Goodwill		7,481			4,352			43,899			71.9			(83.0	)		8,731			11,033			(20.9	)
Other intangible assets excluding MSR's		6,290			6,516			6,911			(3.5	)		(9.0	)		6,624			8,212			(19.3	)
Total assets		33,854,368			35,064,194			36,045,415			(3.5	)		(6.1	)		35,365,894			32,248,244			9.7
Total deposits (mainly brokered and foreign)		21,145,207			18,262,385			11,057,299			15.8			91.2			17,287,490			10,106,876			71.0
Other Information
Duration of investment portfolio – period-end		2.8	%		2.7	%		3.0	%
Net interest income interest rate sensitivity:
% Change in net interest income under:
Gradual 100 bp increase in rates over next 12 months		(0.1	)%		(0.1	)%		0.3	%
Gradual 100 bp decrease in rates over next 12 months		0.7	%		0.7	%		(0.1	)%


¹	Provision for loan losses represents difference between net charge-offs for the lines of business and consolidated provision for loan losses.

Consolidated – Segment Totals


(dollars in thousands)	Three Months Ended									% Change						Twelve Months Ended
	December 31			September 30			December 31			4Q 05 vs			4Q 05 vs			December 31			December 31			%
	2005			2005			2004			3Q 05			4Q 04			2005			2004			Change
Statement of Income
Net interest income	$	1,187,036		$	1,156,661		$	1,084,204			2.6	%		9.5	%	$	4,578,966		$	3,685,155			24.3	%
FTE adjustment		20,025			19,081			16,684			4.9			20.0			75,492			58,398			29.3
Net interest income – FTE		1,207,061			1,175,742			1,100,888			2.7			9.6			4,654,458			3,743,553			24.3
Provision for loan losses		48,126			70,393			37,099			(31.6	)		29.7			176,886			135,537			30.5
Net interest income after provision for loan losses – FTE		1,158,935			1,105,349			1,063,789			4.8			8.9			4,477,572			3,608,016			24.1
Noninterest income		797,323			834,467			778,380			(4.5	)		2.4			3,162,199			2,646,137			19.5
Securities gains/(losses), net		600			(2,069	)		(19,377	)		(129.0	)		(103.1	)		(7,155	)		(41,691	)		(82.8	)
Total noninterest income		797,923			832,398			759,003			(4.1	)		5.1			3,155,044			2,604,446			21.1
Noninterest expense		1,172,197			1,135,230			1,088,832			3.3			7.7			4,473,123			3,791,055			18.0
Amortization of intangible assets		28,192			29,737			31,759			(5.2	)		(11.2	)		118,964			77,582			53.3
Merger expense		6,538			12,104			28,401			(46.0	)		(77.0	)		98,642			28,401			247.3
Total noninterest expense		1,206,927			1,177,071			1,148,992			2.5			5.0			4,690,729			3,897,038			20.4
Income before provision for income taxes		749,931			760,676			673,800			(1.4	)		11.3			2,941,887			2,315,424			27.1
Provision for income taxes		211,435			230,821			201,387			(8.4	)		5.0			879,156			684,125			28.5
FTE Adjustment		20,025			19,081			16,684			4.9			20.0			75,492			58,398			29.3
Net income	$	518,471		$	510,774		$	455,729			1.5			13.8		$	1,987,239		$	1,572,901			26.3
Total revenue – FTE	$	2,004,984		$	2,008,140		$	1,859,891			(0.2	)		7.8		$	7,809,502		$	6,347,999			23.0
Average Balance Sheet
Loans	$	113,827,555		$	110,818,438		$	100,137,483			2.7			13.7		$	108,741,987		$	86,214,480			26.1
Goodwill		6,841,094			6,864,550			6,820,198			(0.3	)		0.3			6,853,961			2,556,545			168.1
Other intangible assets excluding MSR's		484,277			515,182			592,902			(6.0	)		(18.3	)		526,813			303,760			73.4
Total assets		175,769,140			169,933,960			156,570,092			3.4			12.3			168,088,771			133,754,293			25.7
Total deposits		116,267,062			112,044,929			101,271,981			3.8			14.8			110,406,586			87,132,931			26.7
Performance Ratios
Efficiency ratio		60.20	%		58.62	%		61.78	%								60.06	%		61.39	%
Impact of excluding cost of intangible assets		(1.41	)		(1.49	)		(1.71	)								(1.52	)		(1.22	)
Tangible efficiency ratio		58.79	%		57.13	%		60.07	%								58.54	%		60.17	%

Suntrust Banks Inactive 8-KResults of Operations and Financial Condition