Suntrust Banks 8-K 2008 UBS Global Financial Services Conference

May 13, 2008

2008 UBS Global Financial Services Conference

James M. Wells, III

Chairman, President and Chief Executive Officer

Exhibit 99.1

1

The

following

should

be

read

in

conjunction

with

the

financial

statements,

notes

and

other

information

contained

in

the

Company’s

2007

Annual

Report

on

Form

10-K,

Quarterly

Reports

on

Form

10-Q,

and

Current

Reports

on

Form

8-K.

This

presentation

includes

non-GAAP

financial

measures

to

describe

SunTrust’s

performance.

The

reconciliation

of

those

measures

to

GAAP

measures

are

provided

in

the

appendix

to

this

presentation.

In

this

presentation,

net

interest

income

and

net

interest

margin

are

presented

on

a

fully

taxable-equivalent

(“FTE”)

basis,

and

ratios

are

presented

on

an

annualized

basis.

The

FTE

basis

adjusts

for

the

tax-favored

status

of

income

from

certain

loans

and

investments.

The

Company

believes

this

measure

to

be

the

preferred

industry

measurement

of

net

interest

income

and

provides

relevant

comparison

between

taxable

and

non-taxable

amounts.

The

information

in

this

presentation

may

contain

forward-looking

statements.

Statements

that

do

not

describe

historical

or

current

facts,

including

statements

about

beliefs

and

expectations

and

the

effect

of

our

planned

transactions

involving

our

holdings

of

stock

in

The

Coca-Cola

Company,

are

forward-looking

statements.

These

statements

often

include

the

words

“may,”

“could,”

“will,”

“should,”

“believes,”

“expects,”

“anticipates,”

“estimates,”

“intends,”

“plans,”

“targets,”

“initiatives,”

“potentially,”

“probably,”

“projects,”

“outlook”

or

similar

expressions.

Such

statements

are

based

upon

the

current

beliefs

and

expectations

of

SunTrust's

management

and

on

information

currently

available

to

management.

The

forward

looking

statements

are

intended

to

be

subject

to

the

safe

harbor

provided

by

Section

27A

of

the

Securities

Act

of

1933

and

Section

21E

of

the

Securities

Exchange

Act

of

1934.

Such

statements

speak

as

of

the

date

hereof,

and

SunTrust

does

not

intend

to

update

the

statements

made

herein

or

to

update

the

reasons

why

actual

results

could

differ

from

those

contained

in

such

statements

in

light

of

new

information

or

future

events.

Forward

looking

statements

are

subject

to

significant

risks

and

uncertainties.

Investors

are

cautioned

against

placing

undue

reliance

on

such

statements.

Actual

results

may

differ

materially

from

those

set

forth

in

the

forward-looking

statements.

Factors

that

could

cause

SunTrust’s

results

to

differ

materially

from

those

described

in

the

forward-looking

statements

can

be

found

in

the

Company's

2007

Annual

Report

on

Form

10-K,

in

the

Company’s

Quarterly

Reports

on

Form

10-Q,

and

in

the

Current

Reports

on

Form

8-K

filed

with

the

Securities

and

Exchange

Commission

and

available

at

the

Securities

and

Exchange

Commission's

internet

site

(http://www.sec.gov).

Those

factors

include:

(1)

adverse

changes

in

general

business

or

economic

conditions

could

have

a

material

adverse

effect

on

our

financial

condition

and

results

of

operations;

(2)

changes

in

market

interest

rates

or

capital

markets

could

adversely

affect

our

revenues

and

expenses,

the

value

of

assets

and

obligations,

costs

of

capital,

or

liquidity;

(3)

the

fiscal

and

monetary

policies

of

the

federal

government

and

its

agencies

could

have

a

material

adverse

effect

on

our

earnings;

(4)

changes

in

securities

markets

or

markets

for

commercial

or

residential

real

estate

could

harm

our

revenues

and

profitability;

(5)

customers

could

pursue

alternatives

to

bank

deposits,

causing

us

to

lose

a

relatively

inexpensive

source

of

funding;

(6)

customers

may

decide

not

to

use

banks

to

complete

their

financial

transactions,

which

could

affect

net

income;

(7)

we

have

businesses

other

than

banking,

which

subjects

us

to

a

variety

of

risks;

(8)

hurricanes

and

other

natural

disasters

may

adversely

affect

loan

portfolios

and

operations

and

increase

the

cost

of

doing

business;

(9)

negative

public

opinion

could

damage

our

reputation

and

adversely

impact

our

business;

(10)

we

rely

on

other

companies

for

key

components

of

our

business

infrastructure;

(11)

we

rely

on

our

systems,

employees

and

certain

counterparties,

and

certain

failures

could

materially

adversely

affect

our

operations;

(12)

we

depend

on

the

accuracy

and

completeness

of

information

about

clients

and

counterparties;

(13)

regulation

by

federal

and

state

agencies

could

adversely

affect

our

business,

revenues,

and

profit

margins;

(14)

competition

in

the

financial

services

industry

is

intense

and

could

result

in

losing

business

or

reducing

profit

margins;

(15)

future

legislation

could

harm

our

competitive

position;

(16)

maintaining

or

increasing

market

share

depends

on

market

acceptance

and

regulatory

approval

of

new

products

and

services;

(17)

our

ability

to

receive

dividends

from

our

subsidiaries

accounts

for

most

of

our

revenues

and

could

affect

our

liquidity

and

ability

to

pay

dividends;

(18)

significant

legal

actions

could

subject

us

to

substantial

uninsured

liabilities;

(19)

we

have

in

the

past

and

may

in

the

future

pursue

acquisitions,which

could

affect

costs

and

from

whichwe

may

not

be

able

to

realize

anticipated

benefits;

(20)we

depend

on

the

expertise

of

key

personnel

withoutwhom

our

operations

may

suffer;

(21)we

may

be

unable

to

hire

or

retain

additional

qualified

personnel

and

recruiting

and

compensation

costs

may

increase

as

a

result

of

turnover,

both

of

which

may

increase

costs

and

reduce

profitability

and

may

adversely

impact

our

ability

to

implement

our

business

strategy;

(22)

our

accounting

policies

and

methods

are

key

to

howwe

report

financial

condition

and

results

of

operations,

and

may

require

management

to

make

estimates

about

matters

that

are

uncertain;

(23)

changes

in

our

accounting

policies

or

in

accounting

standards

could

materially

affect

how

we

report

our

financial

results

and

condition;

(24)

our

stock

price

can

be

volatile;

(25)

our

disclosure

controls

and

procedures

may

fail

to

prevent

or

detect

all

errors

or

acts

of

fraud;

(26)

our

trading

assets

and

financial

instruments

carried

at

fair

value

expose

the

Company

to

certain

market

risks;

(27)

weakness

in

residential

property

values

and

mortgage

loan

markets

could

adversely

affect

us;

(28)

we

may

be

required

to

repurchase

mortgage

loans

or

indemnify

mortgage

loan

purchasers

as

a

result

of

breaches

of

representations

and

warranties,

borrower

fraud,

or

certain

borrower

defaults,which

could

harm

our

liquidity,

results

of

operations

and

financial

condition;

and

(29)

we

may

enter

into

transactionswith

off-balance

sheet

entities

affiliated

with

SunTrust

or

its

subsidiaries

which

may

cause

us

to

recognize

current

or

future

losses.

2

SunTrust Overview

SunTrust’s Diversified Franchise, Solid Capital Structure, and Strong Balance Sheet Provide

Considerable Downside Protection Given the Current Environment.

SunTrust’s Higher Growth Footprint and Business Optimization Initiatives Will Help Drive

Operating Leverage On the Other Side of the Credit Cycle.

7.5% projected 5 year population growth vs. 4.6%

U.S. average

Projected household income growth is above the

U.S. average

Ranked top 3 in 18 of top 25 markets, representing 86%

of total MSA deposits and average deposit market share

of 18%

Investment Thesis

Top Deposit Markets

Atlanta

DC

Miami

Orlando

Tampa

% of STI Deposits

26.2%

12.5%

7.3%

5.1%

5.0%

Rank

#1

#3

#5

#1

#3

Market Share

26.8%

13.3%

5.7%

18.8%

13.3%

Branches

216

181

102

73

106

Footprint

Sources:

Deposit and Share data from SNL, 2008.  Deposits as of June 30, 2007 and includes pending acquisition of GB&T.

Demographic information from Claritas, 2008

3

Investment Highlights

Diversified Franchise

•

Significant fee oriented activities

complement spread-based business

•

Meaningful consumer and commercial

platforms

•

Attractive, diverse geographic profile

•

Strong market share in core markets

•

Ahead of plan on E²

program

•

Planned capital related actions regarding

Coca-Cola stock holdings

•

Revenue initiatives gaining momentum

•

Continue to optimize balance sheet

and

business mix

•

Solid capital position before and after

Coca-Cola capital related actions

•

22 consecutive years of dividend

increases

•

Diversified credit profile and strong

credit

culture

•

Diversified sources of funding

•

Aggressively managing risk positions

Solid Capital Structure and

Balance Sheet

Optimizing Results

with Strategic Initiatives

Downside

Protection

Upside

Potential

4

Wealth &

Investment

Mangement

16%

Retail &

Commercial

57%

Mortgage

12%

Wholesale

15%

Balanced and Diversified Business Mix

Fee

Income

40%

Net

Interest

Income

(FTE)

60%

Total Revenue FTE -

2007¹

Rising Contribution of Fee Income²

Fee

Income

32%

Net

Interest

Income

(FTE)

68%

1997

2007

1.  Excludes Corporate/Other and Reconciling Items, as defined in the Company’s 10-K filing

2.  Excludes Securities Gains/Losses

5

Balanced and Diversified Business Mix

•

1,678 branches, 2,509 ATMs, and 794 Commercial Relationship Managers

•

3

rd

largest bank in the Southeast

•

Network optimization effort accomplished with 1Q 2008 expenses down 2% from 1Q 2007

Retail

&

Commercial

Wholesale

•

Focused relationship strategy with people and products aligned around three key client

segments: STRH Corporate Banking, Middle Market and Commercial Real Estate

•

Debt Capital Markets core customer revenue up 16% in 2007

Mortgage

•

Prime based platform---approximately 98% of 1Q 2008 originations were conforming

•

$155.5 billion mortgage servicing portfolio, up 12% over the past year

•

Ranked #7 in purchase originations and #10 in total originations

in 2007 by Inside

Mortgage Finance

•

Highest ranked origination service quality in retail originations by JD Power in 2007;

second highest ranked origination service quality overall

Wealth &

Investment

Management

•

$140.4 billion in AUM and $39.3 billion in retail brokerage assets

•

Rated most prestigious wealth management firm among regional banks in the 2007 Luxury Brand

Status Index Survey

•

RidgeWorth

Capital Management is the 34

th

largest money manager of US institutional tax-exempt

assets

1

•

RidgeWorth

Family of Funds ranked among the top 15 fund families by Barron’s

1.  Source:

Pensions & Investments DataBook

2007 using AUM as of 12/31/2006

6

Balanced and Diversified Business Mix

Branches and Deposits by State¹

1,685 Branches

Other

7%

Florida

31%

North Carolina

11%

Tennessee

10%

Virginia

14%

Georgia

19%

Maryland

8%

$123 Billion in Deposits²

Other

6%

Florida

29%

North

Carolina

7%

Tennessee

9%

Virginia

13%

Georgia

30%

Maryland

6%

SunTrust’s Footprint Extends Across Some of the Most Attractive

Markets in the U.S.

1.

Source:  SNL, 2008. Deposits as of June 30, 2007

2.

Deposit balances as of June, 2007 from Company financial statements.  State breakdown from SNL as of June, 2007

According to Forbes, 9 of top 25 best metropolitan areas for business are within SunTrust’s footprint

7

Capital & Balance Sheet

Focused On Enhancing Liquidity and Maintaining Strong Capital

Ratios

Liquidity position is stronger

•

Strong and stable core deposit base

•

Balance sheet deleveraging

in 2006/2007 reduced risk profile

•

Access to diverse pools of secured funding, including $9.3 billion FHLB advances and

$7.1 billion of unpledged

securities

•

Prudently managing liquidity:

Capital ratios strengthening

•

Issued $685 million capital securities in 1Q 2008, replacing securities redeemed in 2007

•

Issued $500 million subordinated debt in 1Q 2008

•

Planned transactions regarding stock holdings in The Coca-Cola Company expected to be

completed during 2Q 2008

Materially reduced the bank’s overnight funding position

Maintained significant unsecured borrowing capacity

Supplemented holding company liquidity

8

Capital & Balance Sheet

Proactively Reducing Risk Profile

4Q07

2Q07

1Q07

4Q06

3Q07

3Q06

2Q06

Sold $3bn in

mortgages

and student

loans

Sold $2.9bn in

investment

securities

Sold $1.5bn in

investment

securities and

completed capital

restructuring plan

Delevered balance sheet

by $9-$9.5bn in

conjunction with early

adoption of SFAS

157/159

Reduced securitization

exposure (CLO, SBA,

CDO and RMBS)

to $142mm from

$1bn at 3Q07

Sold 9% of Coke

holdings; announced

review of remaining

Coke position

1Q08

54% ($1.9bn) reduction

in higher risk trading

assets

9

Funding Profile

$173.6 bn

$170.5 bn

March 31, 2008

Core Deposits, 61%

Other Deposits, 7%

Short-Term Borrowings¹, 7%

Long-Term Borrowings, 14%

Capital, 11%

June 30, 2006

Core Deposits, 57%

Other Deposits, 15%

Short-Term Borrowings¹, 8%

Long-Term Borrowings, 10%

Capital, 10%

A Large and Stable Deposit Base is Our Primary Source of

Liquidity

1. Includes Fed Funds, Repos, and other short-term borrowings

Capital & Balance Sheet

10

Solid Capital Position and Attractive Dividend Growth

Dividend History

0.83

0.93

1.00

1.38

1.48

1.60

1.72

1.80

2.00

2.20

2.44

2.92

3.08

0.00

0.50

1.00

1.50

2.00

2.50

3.00

3.50

1. Total

average

equity

to

total

average

assets

ratio

was

10.21%

at

3/31/08.

A

reconciliation

between

tangible

equity

to

assets

ratio

and

total

equity

to

assets

ratio

is

provided

in

the

appendix

to

this

presentation

2.

Includes

estimated

$1

billion

or

more

of

Tier

1

capital

from

Coke

transaction

3.

Estimated

excess

tangible

capital

post

Coke

transactions

calculated

as

tangible

equity

in

excess

of

5%.

Excess

Tier

1

Ratio

and

Leverage

Ratio

capital

calculated

as

capital

in

excess

of

Federal

Reserve

definition

of

“well-capitalized”

(6.0%

Tier

1/RWA

and

5.0%

Leverage

Ratio)

Capital & Balance Sheet

Capital Position

Proforma

1Q 2008

Proforma

Excess

Reported

Post Coke

Capital

3

Tangible Capital

1

6.5%

6.5%

2.6 bn

Tier 1 Ratio

2

7.2%

7.9%

3.1 bn

Leverage Ratio

2

7.2%

7.9%

4.7 bn

11

Credit Perspective

Provision

$560.0 

$356.8

$203.2

Net Charge-Offs

$297.2         $168.0

$129.2

Net ALLL Increase          

$262.8         $188.8          $  74.0

Nonperforming Loan Ratio

1.67%          1.19%           0.48%

1Q 2008

4Q 2007

Change

($ in millions)

Credit Deteriorated in the First Quarter and Allowance to Loan

Ratio Increased 20 bps

Net Charge-Off Ratio

0.97%         0.55%           0.42%

Allowance to Loan Ratio                       1.25%          1.05%           0.20%

30 –

89 Days Past Due                          1.52%          1.53%

-0.01%

12

Residential

Mortgages

36%

Consumer

13%

Construction

8%

Home Equity

Lines

32%

Commercial

11%

Credit Perspective

Residential

Mortgages

53%

Consumer

2%

Construction

26%

Home Equity

Lines

11%

Commercial

5%

Commercial

Real Estate

3%

Nonaccrual Loans at 3/31/08

1Q 2008 Net Charge-offs

Loan Portfolio 3/31/08

Residential

Mortgages

27%

Consumer

10%

Construction

10%

Home Equity

Lines

12%

Commercial

30%

Commercial

Real Estate

11%

13

Credit Perspective

Balance

% of

C/O Ratio       C/O Ratio         NPL          NPL

3/31/08

Portfolio

1Q08

4Q07 

1Q08

Ratio

Commercial

$37,307

30%                  0.35%              0.35%          $ 98           0.26%

Real Estate Commercial                             12,894      

11                                            -0.02                64           0.50

Consumer –

Direct                                         4,192           

3                     0.78                 0.42           

Consumer –

Indirect                                      7,305            

6                     1.52                 1.16

Credit Card                                                     

808              1

Real Estate Home Equity Lines                 15,134           

12                    2.64                 1.23               235           1.55

Real Estate 1-4 Family                                33,092             27  

1.29                  0.70            1,073     

3.24

Real Estate Construction                           12,981      

10                    0.74                 0.20           

521           4.01

Restructured Loans

31

Total Loans                                            $123,713          100%                0.97%              0.55%        $2,069          1.67%

Commercial Subtotal                              50,201        

41                      0.26                 0.26

162           0.32

Consumer Subtotal                                 12,305       

10                     1.21                 0.89            

47            0.38

Real Estate Subtotal                                61,207    

49                    1.49                 0.71         

1,829           2.99

Commercial and Consumer Portfolios Performing Well Overall

($ in millions)

14

The Subset of Portfolios That Are Under Stress Comprise 13% of

the Total Loan Book and We Have Taken Aggressive Actions to

Mitigate Risk

Credit Perspective

Actions

•

Significantly increased reserves

•

Tightened underwriting on Lot loans

•

Eliminated Alt-A lending

•

Eliminated >90% LTV production

from all channels

•

Added restrictions on LTVs, DTI, and

FICO

•

Resulted in 70% reduction in new

volume in Q4 2007

•

Identified less well positioned builders

and engaged in risk mitigation

•

Added controls, tightened

underwriting, and implemented special

guidelines for certain markets

Nonaccrual Loans

Original  Current

% of Total

3/31/08

na

na

na

717

736

715

633

666

729

FICO

0.9%

$989

87%

$107,104

Core Portfolio

6.3%

1,049

13%

16,609

Total

5.5%

118

na

2%

2,135

Residential A&D

7.4%

189

na

2%

2,543

Residential       

Construction

2.6%

30

86%

1%

1,162

FL 81-90% CLTV

1.8%

48

95%

2%

2,705

CLTV > 90%

4.1%

76

86%

2%

1,857

3rd Party Originated

Home Equity Lines

13.0%

61

97%

0%

470

Alt-A 2

nd

22.3%

242

77%

1%

1,085

Alt-A 1

st

7.7%

$122

84%

1%

$1,575

Lot Loans

2%

Portfolio

5.3%

163

na

3,077

Construction Perm

Construction

Residential Mortgages

% of Bal

Balance

CLTV

Balance

($ in millions)

15

E²

Efficiency and Productivity Program

$325¹

$215

(Actual)

$530¹

Total

Initial Goals

First Revision

of Goals

Second Revision

of Goals

2007 Actual/Goal

2008 Goal

2009 Goal

$205

$135

2007 expense savings

of

$215 million was

119% of goal

Increased goals for the

second time since

program inception

2009 gross expense

savings represent 11%

of 2006 expense base²

Expect $500 Million in 2008 Benefits, Up $150 Million; 2009

Program Goal Increased to $600 Million

1.

Gross

cost

savings

goals

include

approximately

$50

million

of

interest

expense

savings

related

to

reduced

financing

costs

from

disposition

of

corporate

real

estate,

which

will

be

fully

realized

beginning

in

2Q

2008

2.

Does

not

include

initial

costs,

non-recurring

expense

reductions,

and

non-recurring

gains

associated

with

E2

implementation

($ in millions)

$600¹

Total

$350

$500

$215

(Actual)

16

E²

Efficiency and Productivity Program

Investing For Growth

E²

Expense Savings

•

Approximately 2,400 primarily non-customer

contact employee positions, or 7% of the

workforce, will be eliminated by year end 2008

•

1,600 eliminated by year end 2007

•

Implemented New Credit Support Structure

to

streamline commercial credit processes

•

Decision turn around reduced from

roughly 1 week to under 3 days for most

routine requests

•

Total corporate real estate sales exceeded

$1 billion, including over 25 office buildings

and over 400 branches

•

Over 150 supplier management projects

driving expected savings approaching 10%

of vendor spending

•

Expect to open approximately 40 branches in

2008

•

Client and deposit acquisition oriented

marketing campaigns

•

Treasury & Payment Solutions products

•

Technology for Mortgage originations,

Wealth

Unified Managed Asset accounts,

and

Retail sales and service platform

17

Revenue Initiatives

•

Recent deposit initiatives contributed to a 6% growth in consumer checking account households for

the 12 months ended February of 2008

•

Continuing focus on cultivating SunTrust@work

program—targeting employees of commercial

businesses for consumer banking relationships

•

Treasury and payments products sales up 11% in 2007

•

Increase penetration of smaller business clients with additional

relationship managers and

streamlined credit process

Retail &

Commercial

•

Gaining market share through selective growth and sales force productivity improvement

•

Increased mortgage penetration of bank households from 18.0% to 19.6% during 12 months ended

December 2007

Mortgage

•

Increase cross-sales of Capital Markets products to Wholesale, Commercial, and Wealth & Investment

Management clients

•

Increase market share in the Middle Market segment through the creation of a targeted group focused

on combining local delivery with corporate finance/traditional

banking expertise

Wholesale

•

Implemented investment process utilizing cutting edge overlay technology, providing unified account

management to clients

•

Rolled-out RidgeWorth

Capital Management to better focus on investment management teams, culture,

and process in order to position the firm for increased sales and distribution externally

•

Continue development of specialized teams focused on the specific needs of clients in wealth creating

sectors such as the Medical, Legal, Sports and Entertainment fields and Commercial and Real Estate

clients

Wealth &

Investment

Management

18

Refine Business Mix

•

GB&T Bancshares, Inc.

•

Inlign Wealth Management, LLC

•

Alpha Asset Management

•

TBK Investments, Inc.

Investing in Core Businesses

Divesting Selectively

•

First Mercantile Trust Co.

•

Corporate Trust Business

•

Stock Transfer Business

•

Lighthouse (fund of funds manager)

•

Receivables Capital Management Division

Enhanced Business Mix to Focus on Core Competencies

19

Investment Highlights

Diversified Franchise

•

Significant fee oriented activities

complement spread based business

•

Meaningful consumer and commercial

platforms

•

Attractive, diverse geographic profile

•

Strong market share in core markets

•

Ahead of plan on E²

program

•

Planned capital related actions regarding

Coca-Cola stock holdings

•

Revenue initiatives gaining momentum

•

Continue to optimize balance sheet

and

business mix

•

Solid capital position before and after

Coca-Cola capital related actions

•

22 consecutive years of dividend

increases

•

Diversified credit profile and strong

credit

culture

•

Diversified sources of funding

•

Aggressively managing risk positions

Solid Capital Structure and

Balance Sheet

Optimizing Results

with Strategic Initiatives

Downside

Protection

Upside

Potential

May 13, 2008

2008 UBS Global Financial Services Conference

21

Appendix

22

Non GAAP Reconcilement

($ in thousands)

March 31

2008

Total Shareholders' Equity

$18,431,448

Goodwill

(6,923,033)

Other Intangible Assets including MSRs

(1,430,268)

MSRs

1,143,405

Tangible Equity

11,221,552

Total Assets

178,986,947

Goodwill

(6,923,033)

Other Intangible Assets including MSRs

(1,430,268)

MSRs

1,143,405

Tangible Assets

$171,777,051

Tangible Equity to Tangible Assets

6.53%