SunTrust Reports Third Quarter 2012 Results

                 SunTrust Reports Third Quarter 2012 Results

Results Driven by Favorable Trends in Core Performance and Previously
Announced Actions to Improve Risk Profile and Strengthen Balance Sheet

PR Newswire

ATLANTA, Oct. 22, 2012

ATLANTA, Oct. 22, 2012 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) today
reported net income available to common shareholders of$1.1 billion, or $1.98
per average common diluted share, for the third quarter of 2012. Third
quarter results include the impact of previously announced actions to improve
the Company's risk profile and strengthen its balance sheet. Including these
transactions, which are outlined below, earnings per average common diluted
share increased $1.48 from the second quarter of 2012 and $1.59 from the third
quarter of 2011. For the first nine months of 2012, SunTrust earned $2.94 per
share compared to $0.81 per share earned in the same period last year.

Third Quarter Impact of Previously Announced Actions to Improve Risk Profile
and Strengthen the Balance Sheet

  oThe acceleration of the termination of agreements regarding shares owned
    in The Coca-Cola Company ("KO") resulted in a pre-tax securities gain of
    $1.9 billion. In addition, SunTrust donated one million shares of KO,
    valued at $38 million, to the SunTrust Foundation which increased
    noninterest expense.
  oThe mortgage repurchase provision of $371 million increased the mortgage
    repurchase reserve to a level that is expected to cover the estimated
    losses on loans sold to Government Sponsored Enterprises ("GSEs") prior to
    2009 and negatively affected noninterest income.
  oThe sale of $0.5 billion of nonperforming mortgage and commercial real
    estate loans increased charge-offs and the loan loss provision by $172
    million.
  oThe movement of $1.4 billion of delinquent and current student loans and
    $0.5 billion of delinquent Ginnie Mae loans to loans held for sale
    decreased noninterest income by $92 million.
  oAdditionally, valuation losses related to the planned sale of $0.2 billion
    of affordable housing investments resulted in a $96 million increase in
    noninterest expense.
  oCollectively, these actions contributed $753 million to net income
    available to common shareholders, or $1.40 per average common share, in
    the third quarter.

"This quarter's actions more favorably position the Company for the future.
In addition, we demonstrated another quarter of improved core performance,"
said William H. Rogers, Jr., chairman and chief executive officer of SunTrust
Banks, Inc. "As we manage through the challenging revenue environment, we
remain intensely focused on deepening client relationships and improving
efficiency." Mr. Rogers noted that favorable core performance trends include
strong mortgage production income, continued commercial and industrial loan
growth, solid noninterest bearing deposit account gains, and a marked decrease
in nonperforming loans.

Third Quarter  2012 Financial Highlights

Income Statement

  oThe aforementioned actions to reduce risk and strengthen the balance
    sheet, in addition to continued improvement in core business fundamentals,
    drove net income to common shareholders of $1.1 billion, or $1.98 per
    average common diluted share.
  oRevenue increased $1.6 billion from the prior quarter and the third
    quarter of last year.

       oNoninterest income increased $1.6 billion from the prior quarter and
         the third quarter of last year, primarily driven by the
         aforementioned actions to improve the risk profile and strengthen the
         balance sheet. Core noninterest income growth was driven by higher
         mortgage production and investment banking income.
       oNet interest income decreased $5 million, or 0.4%, from the prior
         quarter primarily due to the lost dividend income from the KO
         transaction. Net interest margin declined one basis point, primarily
         due to the lower dividend income and loan yields, offset by lower
         deposit rates paid and the redemption of higher cost trust preferred
         securities. Net interest income increased $8 million, or 1%, from
         the third quarter of last year due to higher average loan balances
         and favorable deposit trends.

  oNoninterest expense increased $180 million from the prior quarter and $166
    million from the third quarter of last year primarily due to the loss
    related to the expected sale of affordable housing investments and the
    charitable contribution to the SunTrust Foundation.

Balance Sheet

  oAverage performing loans increased $0.9 billion over the prior quarter and
    $9.5 billion over the third quarter of last year as targeted loan growth,
    particularly commercial and industrial loans, more than offset declines in
    certain real estate-related loan portfolios.
  oAverage client deposits declined $0.5 billion, or 0.4%, from the prior
    quarter, while the favorable shift in the deposit mix toward lower cost
    accounts continued with a $1.2 billion, or 3%, increase in demand
    deposits. Average client deposits were up $2.4 billion over the same
    quarter last year.

Capital

  oEstimated capital ratios continue to be well above current regulatory
    requirements. The Tier 1 common equity ratio increased to an estimated
    9.80%, up from 9.40% at the end of the prior quarter.

Asset Quality

  oThe overall risk profile of the balance sheet improved due to the
    disposition of nonperforming and delinquent loans.
  oNonperforming loans declined 30% sequentially and were 1.42% of total
    loans as of quarter end compared to 2.76% a year ago.
  oProvision for credit losses increased $150 million and $103 million
    compared to the prior quarter and third quarter of 2011, respectively.
    Increases in both periods were a result of incremental charge-offs related
    to the sale of nonperforming loans and a credit policy change regarding
    junior lien loans during the third quarter.





Income Statement (presented on a fully               3Q2011  2Q2012  3Q2012
taxable-equivalent basis)
(Dollars in millions, except per share data)
Net income                                           $215     $275     $1,077
Net income available to common shareholders          211      270      1,066
Earnings per average common diluted share            0.39     0.50     1.98
Total revenue                                        2,196    2,246    3,843
Total revenue, excluding net securities gains/losses 2,194    2,232    1,902
Net interest income                                  1,293    1,306    1,301
Provision for credit losses                          347      300      450
Noninterest income                                   903      940      2,542
Noninterest expense                                  1,560    1,546    1,726
Net interest margin                                  3.49%    3.39%    3.38%
Balance Sheet
(Dollars in billions)
Average loans                                        $115.6   $123.4   $124.1
Average consumer and commercial deposits             123.0    125.9    125.4
Capital
Tier 1 capital ratio^(1)                             11.10%   10.15%   10.60%
Tier 1 common equity ratio^(1)                       9.31%    9.40%    9.80%
Total average shareholders' equity to total average  11.62%   11.51%   11.76%
assets
Asset Quality
Net charge-offs to average loans (annualized)        1.69%    1.14%    1.64%
Allowance for loan losses to period end loans        2.22%    1.85%    1.84%
Nonperforming loans to total loans                   2.76%    1.97%    1.42%

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

Consolidated Financial Performance Details
(Presented on a fully taxable-equivalent basis unless otherwise noted)

Revenue

Total revenue was $3.8 billion for the third quarter of 2012, an increase of
$1.6 billion from both the prior quarter and the third quarter of 2011. Net
gains from the sales of securities were $1.9 billion for the third quarter of
2012, substantially all from the sale of KO shares, compared to $14 million
for the second quarter of 2012 and $2 million for the third quarter of 2011.
Excluding net securities gains, total revenue declined $330 million and $292
million compared to the second quarter of 2012 and third quarter of 2011,
respectively. The decline was primarily related to the actions taken in the
third quarter of 2012, which included a higher provision for mortgage
repurchases and losses related to the transfer to held for sale of student and
mortgage loans.

For the nine months ended September30, 2012, total revenue, excluding
securities gains and losses, was $6.3 billion, down $121 million compared to
the first nine months of 2011. The decline was driven by the same factors
described in the quarterly comparison, as well as a decline in card fees of
$126 million.

Net Interest Income

For the third quarter of 2012, net interest income was $1,301 million compared
to $1,306 million for the prior quarter and $1,293 million for the third
quarter of 2011. The slight decline from the second quarter of 2012 was
largely driven by the $15 million of foregone dividend income as a result of
the sale of the KO shares, partially offset by one additional day and reduced
funding costs in the current quarter. The 1% increase in net interest income
compared to the third quarter of 2011 was due to higher average loan balances
and the favorable shift in deposit mix.

Net interest margin for the third quarter of 2012 was 3.38%, a decline of 1
basis point from the second quarter of 2012 and a decline of 11 basis points
from the third quarter of 2011. On a sequential quarter basis, the decline
was primarily driven by the aforementioned decline in KO dividend income and
lower loan yields resulting in a 13 basis point decline in earning asset
yields. This decline was largely offset by a 14 basis point reduction in
interest-bearing liabilities, due to lower deposit rates and the benefit from
redeeming $1.2 billion of higher cost trust preferred securities early in the
third quarter. Compared to the third quarter of 2011, the net interest margin
decline was primarily due to a 42 basis point decline in loan yields, the
result of the continued low interest rate environment, and a decline in
commercial loan-related swap income. This was partially offset by a 33 basis
point decline in rates paid on interest-bearing liabilities due to lower rates
paid on deposits, primarily due to the shift towards lower-cost accounts,
lower long-term debt rates, and a reduction in long-term debt.

For the nine months ended September30, 2012, net interest income was $3,949
million compared to $3,855 million in 2011, an increase of $94 million, or
2%. Net interest margin was 3.42% in 2012 compared to 3.52% in 2011. The
primary drivers of the increase in net interest income were growth in average
earning assets and a favorable shift in the deposit mix, partially offset by
lower yields on earning assets. The decline in net interest margin was due to
lower yields on average earning assets.

Noninterest Income

Total noninterest income was $2,542 million for the third quarter of 2012
compared to $940 million for the second quarter of 2012 and $903 million for
the third quarter of 2011. The $1.6 billion increases from both the prior
quarter and prior year quarter were primarily driven by $1.9 billion in
securities gains, partially offset by a higher mortgage repurchase provision
and losses related to the transfer to held for sale of certain student and
mortgage loans.

Mortgage production income for the third quarter of 2012 was a loss of $64
million compared to income of $103 million for the second quarter of 2012 and
income of $54 million for the third quarter of 2011. The $167 million
sequential quarter decrease was driven by a $216 million increase in the
mortgage repurchase provision. Excluding the third quarter and second quarter
2012 mortgage repurchase provisions of $371 million and $155 million,
respectively, mortgage production income increased sequentially by $49
million, driven by strong mortgage production volume and improved margins. As
of September 30, 2012, the reserve for mortgage repurchases totaled $694
million, an increase of $260 million from the prior quarter. The increase was
recorded as a result of recent information received from the GSEs, as well as
the Company's recent experience related to full file requests and repurchase
demands, which enhanced its ability to estimate losses attributable to the
remaining expected demands from defaulted or currently delinquent loans sold
to the GSEs prior to 2009. These vintage loans have comprised the vast
majority of mortgage repurchase losses to date; as such, future mortgage
repurchase provisions are expected to decline substantially from levels
experienced in recent quarters. Compared to the third quarter of 2011,
mortgage production income declined $118 million, due to the $254 million
increase in the mortgage repurchase provision, partially offset by higher loan
production and increased margins.

Mortgage servicing income was $64 million for the third quarter of 2012
compared to $70 million for the prior quarter and $58 million for the third
quarter of 2011. The $6 million sequential quarter decline was due to lower
servicing fee income. The $6 million increase from the third quarter of 2011
was due to better hedge performance, partially offset by a decline in
servicing fee income, as the mortgage servicing portfolio declined to $150
billion at the end of the third quarter of 2012 compared to $161 billion at
September 30, 2011.

Other noninterest income for the third quarter of 2012 was a loss of $31
million versus income of $53 million in both the prior quarter and the third
quarter of 2011. The $84 million declines from the previous quarters were
attributable to the aforementioned $92 million loss recognized in the current
quarter upon moving certain student and mortgage loans to loans held for sale.

Card fees were $55 million for the third quarter of 2012 compared to $66
million for the prior quarter and $104 million for the third quarter of 2011.
The $11 million sequential quarter decrease was due to the reclassification of
credit card rewards costs; these costs were previously recorded as a
noninterest expense, but beginning in the third quarter of 2012 they are
reflected as a contra-revenue item within card fees. The $49 million, or 47%,
decline from the prior year quarter was primarily the result of regulations on
debit card interchange fees that became effective at the beginning of the
fourth quarter of 2011, as well as the aforementioned reclassification of
rewards costs.

Investment banking income was $83 million for the third quarter of 2012
compared to $75 million for the prior quarter and $68 million for the third
quarter of 2011. The sequential quarter increase was due to higher syndicated
finance fees. The increase relative to the third quarter of 2011 was
primarily attributable to higher syndicated finance and bond origination fee
income.

Trading income was $19 million for the third quarter of 2012 compared to $70
million for the prior quarter and $66 million for the third quarter of 2011.
The $51 million sequential quarter decrease was primarily attributable to a
$45 million increase in mark-to-market losses on the Company's fair value debt
and index-linked CDs during the current quarter as credit spreads improved.
The $47 million decline in trading income compared to the third quarter of
2011 was largely driven by the increase in mark-to-market losses on the
Company's fair value debt and index-linked CDs compared to gains in 2011,
partially offset by higher core trading income and a decline in losses related
to previously securitized loans.

For the nine months ended September30, 2012, noninterest income was $4.4
billion compared to $2.7 billion in the same period in 2011. The $1.7
billion, or 62%, increase was primarily driven by higher securities gains
partially offset by lower card fees and losses from the transfer to held for
sale of student and mortgage loans described above.

Noninterest Expense

Noninterest expense was $1,726 million for the third quarter of 2012 compared
to $1,546 million for the second quarter of 2012 and $1,560 million for the
third quarter of 2011. The sequential quarter increase of $180 million was
primarily due to the $96 million loss related to the expected sale of
affordable housing investments, the $38 million charitable contribution of the
KO shares to the SunTrust Foundation, and $29 million in severance expense.
Compared to the third quarter of 2011, the $166 million increase was due to
the aforementioned third quarter of 2012 items and higher personnel expenses,
partially offset by declines in FDIC assessment premiums. During the third
quarter of 2012, the Company eliminated additional expenses through its
Playbook for Profitable Growth ("PPG") program; the total annualized PPG
savings now exceed the $300 million goal for the program.

Employee compensation and benefits expense increased $18 million from the
prior quarter, primarily attributable to the accelerated vesting of deferred
compensation associated with organizational changes, as well as higher
contract labor costs. The $30 million, or 4%, increase in employee
compensation and benefits expense compared to the third quarter of 2011 was
also due to the same factors discussed above, as well as higher incentive
compensation from improved business performance. As of September 30, 2012,
the Company's total full-time equivalent employees were 28,000, which was 324
employees lower than the prior quarter and 1,483 employees lower than the same
quarter last year.

Other noninterest expense was $402 million in the current quarter, an increase
of $117 million from the second quarter of 2012 and $93 million from the third
quarter of last year. The increases from the prior periods were primarily due
to specific third quarter 2012 actions, including the $96 million loss related
to the affordable housing investments, $29 million in severance expense, and
$17 million in real estate charges as the Company reassessed some of its
corporate real estate leases and holdings. This was partially offset by the
reclassification of credit card rewards costs. Additionally, credit-related
expenses, which are comprised of other real estate expenses and credit and
collection costs, also declined. Such expenses fell $18 million and $38
million compared to the second quarter of 2012 and the third quarter of 2011,
respectively, primarily due to a decline in losses recognized on OREO.

FDIC premiums and regulatory assessments increased $7 million on a sequential
quarter basis and declined $13 million compared to the third quarter of 2011
due to fluctuations in the Company's assessment rate. Outside processing and
software declined $9 million on a sequential quarter basis due to a decline in
transaction processing expenses and lower software amortization. Amortization
of intangible assets increased $6 million from both the prior quarter and
prior year due to the recognition of goodwill impairment associated with a
wealth management business. Losses on debt extinguishment declined by $11
million sequentially, due to the $13 million second quarter 2012 charge
related to the redemption of higher cost trust preferred securities.

For the nine months ended September30, 2012, noninterest expense was $4,813
million compared to $4,567 million in 2011. The $246 million, or 5%, increase
was primarily due to the third quarter 2012 actions as described in the
quarterly comparisons above. Additionally, higher employee compensation,
outside processing and software, and operating losses were partially offset by
declines in OREO expenses and FDIC insurance premiums and regulatory
assessments.

Income Taxes

For the third quarter of 2012, the Company recorded an income tax provision of
$551 million compared to $91 million for the second quarter of 2012 and $45
million in the third quarter of 2011. The effective tax rate was 34% for the
third quarter of 2012 compared to 25% for the second quarter of 2012 and 17%
for the third quarter of 2011. The increase in the effective tax rate for the
third quarter of 2012 was primarily due to higher pre-tax earnings.

U.S. Treasury Preferred Dividends

The Company formerly paid dividends to the U.S. Treasury on its $4.85 billion
of TARP preferred securities through the first quarter of 2011. The Company
redeemed these shares at the end of the first quarter of 2011 and, therefore,
did not pay such dividends during 2012 or the last three quarters of 2011.
The nine months ended September 30, 2011 included $66 million of preferred
dividends paid to the U.S. Treasury and a $74 million, or $0.14 per common
share, non-cash charge related to the unamortized discount that was recognized
upon the redemption of the TARP preferred shares.

Balance Sheet

As of September 30, 2012, the Company had total assets of $173.2 billion and
shareholders' equity of $20.4 billion, representing 12% of total assets. Both
book value and tangible book value per common share remained relatively stable
to the prior quarter and were $37.35 and $25.72, respectively, as of September
30, 2012.

Loans

Average loans for the third quarter of 2012 were $124.1 billion compared to
average loans of $123.4 billion and $115.6 billion during the second quarter
of 2012 and third quarter of 2011, respectively. On a sequential quarter
basis, the $0.7 billion, or 1%, growth was concentrated in commercialand
industrial loans, which increased $1.1 billion, and consumer indirect loans,
which increased $0.3 billion. Partially offsetting the growth were decreases
of $0.4 billion in government-guaranteed mortgage loans, primarily due to the
sale of approximately $0.5 billion of such loans during the second quarter,
$0.2 billion in home equity loans, and $0.2 billion in nonaccrual loans.

Average loans increased $8.4 billion, or 7%, over the third quarter of 2011.
Growth was primarily driven by commercialand industrial, which increased $5.7
billion, or 12%, as well as government-guaranteed student and residential
mortgage loans, up a combined $3.5 billion. Additionally, high credit-quality
nonguaranteed residential loans and indirect loans increased by $1.0 billion
and $0.8 billion, respectively. Partially offsetting these areas of loan
growth were declines in certain real estate-related loan categories that were
actively managed down. The reduction in certain real estate-related loans,
together with an increase in government-guaranteed loans, has resulted in an
improvement in the risk profile of the loan portfolio compared to a year ago.

Loan balances at quarter end for the third quarter of 2012 were $121.8
billion, as compared to $124.6 billion in the prior quarter and $117.5 billion
last year. The sequential quarter decline of $2.7 billion was attributable to
the aforementioned sales, or transfers to loans held for sale, during the
third quarter of 2012 of:

  o$1.4 billion of guaranteed student loans, which were a combination of
    current and delinquent loans. These loans were included in loans held for
    sale at quarter end, but $1.0 billion have since been sold, and the
    remainder is expected to be sold in the fourth quarter.
  o$0.5 billion of delinquent guaranteed mortgage loans. These loans were
    included in held for sale at quarter end, and the sale is expected to be
    completed during the fourth quarter.
  o$0.5 billion of nonperforming mortgage and CRE loans. Most of the $447
    million of nonperforming mortgage sales were completed during the third
    quarter, and the residual portion is expected to be completed in the
    fourth quarter. Approximately half of the $97 million in nonperforming
    CRE loans were sold during the quarter, and the remainder is expected to
    be sold during the fourth quarter.

These declines were partially offset by growth in commercial and industrial
loans and consumer direct and indirect loans. The $4.3 billion of period end
loan growth as compared to the prior year was attributable to the same factors
as noted in the average balance comparisons above.

Securities Available for Sale

As of September 30, 2012, the Company's securities available for sale
portfolio was $21.5 billion, down $2.9 billion, or 12%, from June30, 2012 and
$6.0 billion, or 22%, from September30, 2011. The sequential quarter decline
was primarily related to the sale of the KO shares in September.
Additionally, the Company's holdings of mortgage backed securities declined
during the quarter as a result of the repayment of principal. The decline
from September30, 2011 was for the same reasons noted above along with the
repositioning of the investment portfolio, which included selling certain low
coupon agency mortgage-backed securities. The yield on the securities
portfolio declined 38 basis points sequentially, from 3.16% in the prior
quarter to 2.78% in the third quarter of 2012; approximately 30 basis points
of the decline was due to the forgone dividend income associated with the KO
transaction.

Deposits

Average consumer and commercial deposits for the third quarter of 2012 were
$125.4 billion compared to $125.9 billion and $123.0 billion for the second
quarter of 2012 and third quarter of 2011, respectively. The favorable shift
in the deposit mix toward lower cost accounts continued during the quarter,
with a $1.2 billion, or 3%, increase in demand deposits. However, this was
offset by a $1.2 billion, or 7%, decline in time deposits and a $433 million,
or 1%, decline in money market accounts.

Compared to the third quarter of 2011, average consumer and commercial
deposits increased $2.4 billion, or 2%. Average demand deposits increased $5.9
billion, or 19%, interest bearing transaction accounts increased $0.8 billion,
or 3%, and savings accounts increased $0.6 billion, or 12%. Time deposits
declined $3.4 billion, or 17%, and money market accounts declined $1.6
billion, or 4%.

Capital and Liquidity

The Company's estimated capital ratios are well above current regulatory
requirements with Tier 1 capital and Tier 1 common ratios increasing to an
estimated 10.60% and 9.80%, respectively. The ratios of total average equity
to total average assets and tangible equity to tangible assets were 11.76% and
8.48%, respectively, as of September 30, 2012. The Company continues to have
substantial available liquidity provided in the form of its client deposit
base and other available funding resources, as well as its portfolio of cash
and high-quality government-backed securities.

Asset Quality

Asset quality continued to improve during the quarter, with declines in
nonperforming loans and nonperforming assets. Nonperforming loans totaled
$1.7 billion as of September 30, 2012, down $727 million, or 30%, relative to
the prior quarter. The primary driver of the decline in nonperforming loans
was the sale of certain mortgage and commercial real estate loans.
Specifically, the Company transferred $544 million of nonperforming loans to
held for sale during the third quarter. The majority of the loans were sold
during the quarter, and as of September 30, 2012, $40 million of nonperforming
loans remain classified as held for sale. Partially offsetting this decline
in nonperforming loans was an $81 million increase in nonperforming junior
lien loans that were current but subordinate to a first lien loan that was
seriously delinquent. The decision to transfer these current junior liens to
nonperforming loans was driven by regulatory guidance issued during 2012.

Compared to September 30, 2011, nonperforming loans declined $1.5 billion, or
47%, with declines across all loan categories, most significantly in
commercial real estate and residential loans. At the end of the third quarter
of 2012, the percentage of nonperforming loans to total loans was 1.42%, down
from 1.97% and 2.76% at the end of the second quarter of 2012 and third
quarter of 2011, respectively. Other real estate owned totaled $304 million
at the end of the current quarter, down 8% on a sequential quarter basis and
down 40% since September 30, 2011.

Net charge-offs were $511 million in the current quarter compared to $350
million for the prior quarter and $492 million for the third quarter of 2011.
The sequential quarter increase of $161 million was largely driven by $172
million in charge-offs associated with the aforementioned sales of
nonperforming loans. Additionally, during the third quarter the Company
elected to revise its credit policy related to the timing of recognizing
charge-offs on junior lien loans. The Company previously charged-off junior
lien loans at 180 days past due. However, with the newly implemented credit
policy change, the Company is recognizing the charge-off at 120 days past due,
as its analysis indicated that when junior lien loans become 120 days past due
the vast majority ultimately experience a charge-off. The change in credit
policy resulted in $65 million of incremental charge-offs. Excluding the
impacts from the nonperforming loan sales and the junior lien credit policy
change, current quarter net charge-offs were $274 million, a decline of $76
million from the prior quarter, driven by lower losses across several loan
categories, as well as a $27 million increase in recoveries from the prior
quarter. The ratio of annualized net charge-offs to total average loans was
1.64% for the current quarter, with the charge-offs resulting from the sales
of nonperforming loans and the credit policy change adding 76 basis points to
the ratio. The provision for credit losses was $450 million, an increase of
$150 million and $103 million from the prior quarter and the third quarter of
2011, respectively. The increase was primarily driven by incremental
charge-offs associated with the sales of nonperforming loans and the junior
lien credit policy change.

As of September 30, 2012, the allowance for loan losses was $2.2 billion and
represented 1.84% of total loans, down 1 basis point from June 30, 2012. The
$61 million decline in the allowance for loan losses during the third quarter
of 2012 was reflective of the continued improvement in asset quality.

Early stage delinquencies decreased two basis points from the end of the
second quarter of 2012 to 0.95%. The decline was primarily due to the sale of
government guaranteed loans. Excluding government-guaranteed loans, early
stage delinquencies were 0.53%, an increase of two basis points from June 30,
2012.

Accruing restructured loans totaled $2.6 billion, and nonaccruing restructured
loans totaled $0.5 billion as of September 30, 2012, both declining modestly
from the prior quarter. $2.8 billion of restructured loans related to
residential loans, $0.2 billion were commercial loans, and $0.1 billion
related to consumer loans.

LINE OF BUSINESS FINANCIAL PERFORMANCE

Line of Business Results

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

Corresponding Financial Tables and Information

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

Conference Call

SunTrust management will host a conference call on October 22, 2012, at 8:00
a.m. (Eastern Time) to discuss the earnings results and business trends.
Individuals may call in beginning at 7:45 a.m. (Eastern Time) by dialing
1-888-972-7805 (Passcode: 3Q12). Individuals calling from outside the United
States should dial 1-517-308-9091 (Passcode: 3Q12). A replay of the call will
be available approximately one hour after the call ends on October 22, 2012,
and will remain available until November 22, 2012, by dialing 1-866-454-9166
(domestic) or 1-203-369-1250 (international). Alternatively, individuals may
listen to the live webcast of the presentation by visiting the SunTrust
investor relations website at www.suntrust.com/investorrelations. Beginning
the afternoon of October 22, 2012, listeners may access an archived version of
the webcast in the "Recent Earnings and Conference Presentations" subsection
found on the investor relations webpage. This webcast will be archived and
available for one year. A link to the Investor Relations page is also found in
the footer of the SunTrust home page.

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

Important Cautionary Statement About Forward-Looking Statements

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

This news release contains forward-looking statements. Statements regarding
current expectations that the mortgage repurchase reserve will be adequate to
cover the remaining incurred losses on loans sold to GSEs prior to 2009 are
forward-looking statements. Also, any statement that does not describe
historical or current facts, is a forward-looking statement. These statements
often include the words "believes," "expects," "anticipates," "estimates,"
"intends," "plans," "goals," "targets," "initiatives," "potentially,"
"probably," "projects," "outlook" or similar expressions or future conditional
verbs such as "may," "will," "should," "would," and "could." Forward-looking
statements are based upon the current beliefs and expectations of management
and on information currently available to management. Our statements speak as
of the date hereof, and we do not assume any obligation to update these
statements or to update the reasons why actual results could differ from those
contained in such statements in light of new information or future events.

Forward-looking statements are subject to significant risks and uncertainties.
Investors are cautioned against placing undue reliance on such statements.
Actual results may differ materially from those set forth in the
forward-looking statements. Factors that could cause actual results to differ
materially from those described in the forward-looking statements can be found
in Part I, "Item 1A. Risk Factors" in our Annual Report on Form 10-K for the
year ended December31, 2011 and in other periodic reports that we file with
the SEC. Those factors include: as one of the largest lenders in the Southeast
and Mid-Atlantic U.S. and a provider of financial products and services to
consumers and businesses across the U.S., our financial results have been, and
may continue to be, materially affected by general economic conditions,
particularly unemployment levels and home prices in the U.S., and a
deterioration of economic conditions or of the financial markets may
materially adversely affect our lending and other businesses and our financial
results and condition; legislation and regulation, including the Dodd-Frank
Act, as well as future legislation and/or regulation, could require us to
change certain of our business practices, reduce our revenue, impose
additional costs on us or otherwise adversely affect our business operations
and/or competitive position; we are subject to capital adequacy and liquidity
guidelines and, if we fail to meet these guidelines, our financial condition
would be adversely affected; loss of customer deposits and market illiquidity
could increase our funding costs; we rely on the mortgage secondary market and
GSEs for some of our liquidity; we are subject to credit risk; our ALLL may
not be adequate to cover our eventual losses; we may have more credit risk and
higher credit losses to the extent our loans are concentrated by loan type,
industry segment, borrower type, or location of the borrower or collateral; we
will realize future losses if the proceeds we receive upon liquidation of
nonperforming assets are less than the carrying value of such assets; a
downgrade in the U.S. government's sovereign credit rating, or in the credit
ratings of instruments issued, insured or guaranteed by related institutions,
agencies or instrumentalities, could result in risks to us and general
economic conditions that we are not able to predict; the failure of the
European Union to stabilize the fiscal condition and creditworthiness of its
weaker member economies, such as Greece, Portugal, Spain, Hungary, Ireland,
and Italy, could have international implications potentially impacting global
financial institutions, the financial markets, and the economic recovery
underway in the U.S.; weakness in the real estate market, including the
secondary residential mortgage loan markets, has adversely affected us and may
continue to adversely affect us; we are subject to certain risks related to
originating and selling mortgages, and may be required to repurchase mortgage
loans or indemnify mortgage loan purchasers as a result of breaches of
representations and warranties, borrower fraud, or as a result of certain
breaches of our servicing agreements, and this could harm our liquidity,
results of operations, and financial condition; financial difficulties or
credit downgrades of mortgage and bond insurers may adversely affect our
servicing and investment portfolios; we may be terminated as a servicer or
master servicer, be required to repurchase a mortgage loan or reimburse
investors for credit losses on a mortgage loan, or incur costs, liabilities,
fines and other sanctions if we fail to satisfy our servicing obligations,
including our obligations with respect to mortgage loan foreclosure actions;
we are subject to risks related to delays in the foreclosure process; we may
continue to suffer increased losses in our loan portfolio despite enhancement
of our underwriting policies and practices; our mortgage production and
servicing revenue can be volatile; as a financial services company, adverse
changes in general business or economic conditions could have a material
adverse effect on our financial condition and results of operations; changes
in market interest rates or capital markets could adversely affect our revenue
and expense, the value of assets and obligations, and the availability and
cost of capital and liquidity; changes in interest rates could also reduce the
value of our MSRs and mortgages held for sale, reducing our earnings; the
fiscal and monetary policies of the federal government and its agencies could
have a material adverse effect on our earnings; depressed market values for
our stock may require us to write down goodwill; clients could pursue
alternatives to bank deposits, causing us to lose a relatively inexpensive
source of funding; consumers may decide not to use banks to complete their
financial transactions, which could affect net income; we have businesses
other than banking which subject us to a variety of risks; hurricanes and
other disasters may adversely affect loan portfolios and operations and
increase the cost of doing business; negative public opinion could damage our
reputation and adversely impact business and revenues; a failure in or breach
of our operational or security systems or infrastructure, or those of our
third party vendors and other service providers, including as a result of
cyber attacks, could disrupt our businesses, result in the disclosure or
misuse of confidential or proprietary information, damage our reputation,
increase our costs and cause losses; we rely on other companies to provide key
components of our business infrastructure; the soundness of other financial
institutions could adversely affect us; we depend on the accuracy and
completeness of information about clients and counterparties; regulation by
federal and state agencies could adversely affect the business, revenue, and
profit margins; competition in the financial services industry is intense and
could result in losing business or margin declines; maintaining or increasing
market share depends on market acceptance and regulatory approval of new
products and services; we might not pay dividends on your common stock; our
ability to receive dividends from our subsidiaries could affect our liquidity
and ability to pay dividends; disruptions in our ability to access global
capital markets may adversely affect our capital resources and liquidity; any
reduction in our credit rating could increase the cost of our funding from the
capital markets; we have in the past and may in the future pursue
acquisitions, which could affect costs and from which we may not be able to
realize anticipated benefits; we are subject to certain litigation, and our
expenses related to this litigation may adversely affect our results; we may
incur fines, penalties and other negative consequences from regulatory
violations, possibly even from inadvertent or unintentional violations; we
depend on the expertise of key personnel, and if these individuals leave or
change their roles without effective replacements, operations may suffer; we
may not be able 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 strategies; our accounting policies and
processes are critical to how we report our financial condition and results of
operations, and they require management to make estimates about matters that
are uncertain; changes in our accounting policies or in accounting standards
could materially affect how we report our financial results and condition; our
stock price can be volatile; our framework for managing risks may not be
effective in mitigating risk and loss to us; our disclosure controls and
procedures may not prevent or detect all errors or acts of fraud; our
financial instruments carried at fair value expose us to certain market risks;
our revenues derived from our investment securities may be volatile and
subject to a variety of risks; and we may enter into transactions with
off-balance sheet affiliates or our subsidiaries.



SunTrust Banks, Inc. and Subsidiaries
FINANCIAL HIGHLIGHTS
(Dollars in millions, except per share data) (Unaudited)
                              Three Months Ended        Nine Months Ended
                              September 30       %      September 30       %
                              2012      2011     Change 2012      2011     Change
                                                 ^4                        ^4
EARNINGS & DIVIDENDS
Net income                    $1,077    $215     NM     $1,602    $573     NM
Net income available to       1,066     211      NM     1,581     424      NM
common shareholders
Total revenue - FTE ^1, 2 3,843     2,196    75%    8,307     6,553    27%
^
Total revenue - FTE excluding 1,902     2,194    -13%   6,334     6,455    -2%
securities gains, net ^1, 2
Net income per average common
share
 Diluted                 1.98      0.39     NM     2.94      0.81     NM
 Diluted excluding effect
of accelerated accretion
associated with repurchase of 1.98      0.39     NM     2.94      0.95     NM
preferred stock issued to the
U.S. Treasury ^1
 Basic                    1.99      0.40     NM     2.96      0.81     NM
Dividends paid per common     0.05      0.05     0%     0.15      0.07     NM
share
CONDENSED BALANCE SHEETS
Selected Average Balances
Total assets                  $175,282  $172,076 2%     $176,679  $171,886 3%
Earning assets                153,207   146,836  4%     154,236   146,536  5%
Loans                         124,080   115,638  7%     123,332   115,242  7%
Consumer and commercial       125,353   122,974  2%     125,692   121,863  3%
deposits
Brokered time and foreign     2,237     2,312    -3%    2,252     2,418    -7%
deposits
Total shareholders' equity    20,619    20,000   3%     20,450    20,861   -2%
As of
Total assets                  173,181   172,553  0%
Earning assets                152,472   148,991  2%
Loans                         121,817   117,475  4%
Allowance for loan and lease  2,239     2,600    -14%
losses
Consumer and commercial       124,898   123,933  1%
deposits
Brokered time and foreign     2,328     2,318    0%
deposits
Total shareholders' equity    20,399    20,200   1%
FINANCIAL RATIOS & OTHER DATA
Return on average total       2.45%     0.50%    NM     1.21%     0.45%    NM
assets
Return on average common      20.84     4.23     NM     10.47     2.96     NM
shareholders' equity
Net interest margin ^2        3.38      3.49     -3%    3.42      3.52     -3%
Efficiency ratio ^2           44.90     71.05    -37%   57.94     69.69    -17%
Tangible efficiency ratio ^1, 44.47     70.55    -37%   57.48     69.18    -17%
2^
Effective tax rate           33.82     17.33    95%    30.71     19.15    60%
Tier 1 common equity ^3       9.80      9.31     5%
Tier 1 capital ^3             10.60     11.10    -5%
Total capital ^3              12.95     13.91    -7%
Tier 1 leverage ^3            8.49      8.90     -5%
Total average shareholders'
equity to total average       11.76     11.62    1%     11.57     12.14    -5%
assets
Tangible equity to tangible
assets ^1                    8.48      8.38     1%
^
Book value per common share   $37.35    $37.29   0%
Tangible book value per       25.72     25.60    0%
common share ^1
Market price:
 High                     30.79     26.52    16%    30.79     33.14    -7%
 Low                      22.34     16.51    35%    18.07     16.51    9%
 Close                    28.27     17.95    57%    28.27     17.95    57%
Market capitalization         15,232    9,639    58%
Average common shares
outstanding (000s)
 Diluted                 538,699   535,395  1%     537,538   524,888  2%
 Basic                    534,506   531,928  0%     533,859   521,248  2%
Full-time equivalent          28,000    29,483   -5%
employees
Number of ATMs                2,914     2,889    1%
Full service banking offices  1,633     1,658    -2%
^1See Appendix A for reconcilements of non-GAAP performance
measures.
^2Total revenue, net interest margin, and efficiency ratios are presented on a
fully taxable-equivalent ("FTE") basis. The FTE basis adjusts for the
tax-favored status of net interest income from certain loans and investments.
The Company believes this measure to be the preferred industry measurement of net
interest income and it enhances comparability of net interest income arising from
taxable and tax-exempt sources. Total revenue - FTE equals net interest income
on a FTE basis plus noninterest income.
^3Current period tier 1 common equity, tier 1 capital, total capital and tier 1
leverage ratios are estimated as of the earnings release date.
^4"NM" - Not meaningful. Those changes over 100 percent were not considered to be
meaningful.





SunTrust Banks, Inc. and
Subsidiaries
FIVE QUARTER FINANCIAL
HIGHLIGHTS
(Dollars in millions, except per share data) (Unaudited)
                         Three Months Ended
                         September   June 30   March 31  December  September
                         30                              31        30
                         2012         2012      2012      2011      2011
EARNINGS & DIVIDENDS
Net income               $1,077       $275      $250      $74       $215
Net income available to  1,066        270       245       71        211
common shareholders
Total revenue - FTE ^1,  3,843        2,246     2,218     2,047     2,196
2 ^
Total revenue - FTE
excluding securities     1,902        2,232     2,200     2,028     2,194
gains, net ^1, 2
Net income per average
common
share
 Diluted            1.98         0.50      0.46      0.13      0.39
 Basic               1.99         0.51      0.46      0.13      0.40
Dividends paid per       0.05         0.05      0.05      0.05      0.05
common share
CONDENSED BALANCE
SHEETS
Selected Average
Balances
Total assets             $175,282     $177,915  $176,855  $174,085  $172,076
Earning assets           153,207      154,890   154,623   151,561   146,836
Loans                    124,080      123,365   122,542   119,474   115,638
Consumer and commercial  125,353      125,885   125,843   125,072   122,974
deposits
Brokered time and        2,237        2,243     2,274     2,293     2,312
foreign deposits
Total shareholders'      20,619       20,472    20,256    20,208    20,000
equity
As of
Total assets             173,181      178,257   178,226   176,859   172,553
Earning assets           152,472      153,939   154,950   154,696   148,991
Loans                    121,817      124,560   122,691   122,495   117,475
Allowance for loan and   2,239        2,300     2,348     2,457     2,600
lease losses
Consumer and commercial  124,898      126,145   127,718   125,611   123,933
deposits
Brokered time and        2,328        2,258     2,314     2,311     2,318
foreign deposits
Total shareholders'      20,399       20,568    20,241    20,066    20,200
equity
FINANCIAL RATIOS & OTHER
DATA
Return on average total  2.45%        0.62%     0.57%     0.17%     0.50%
assets
Return on average common 20.84        5.37      4.94      1.41      4.23
shareholders' equity
Net interest margin^2    3.38         3.39      3.49      3.46      3.49
Efficiency ratio ^2      44.90        68.83     69.50     81.45     71.05
Tangible efficiency
ratio ^1, 2             44.47        68.33     69.02     80.99     70.55
^
Effective tax rate ^4    33.82        24.85     21.55     NM        17.33
Tier 1 common equity ^3  9.80         9.40      9.33      9.22      9.31
Tier 1 capital ^3        10.60        10.15     11.00     10.90     11.10
Total capital ^3         12.95        12.84     13.73     13.67     13.91
Tier 1 leverage ^3       8.49         8.15      8.77      8.75      8.90
Total average
shareholders' equity to  11.76        11.51     11.45     11.61     11.62
total average
assets
Tangible equity to
tangible assets ^1     8.48         8.31      8.14      8.10      8.38
^
Book value per common    $37.35       $37.69    $37.11    $36.86    $37.29
share
Tangible book value per  25.72        26.02     25.49     25.18     25.60
common share ^1
Market price:
 High                30.79        24.83     24.93     21.31     26.52
 Low                 22.34        20.96     18.07     15.79     16.51
 Close               28.27        24.23     24.17     17.70     17.95
Market capitalization    15,232       13,045    13,005    9,504     9,639
Average common shares
outstanding (000s)
 Diluted            538,699      537,495   536,407   535,717   535,395
 Basic               534,506      533,964   533,100   532,146   531,928
Full-time equivalent     28,000       28,324    28,615    29,182    29,483
employees
Number of ATMs           2,914        2,906     2,914     2,899     2,889
Full service banking     1,633        1,641     1,651     1,659     1,658
offices
^1See Appendix A for reconcilements of non-GAAP performance
measures.
^2Total revenue, net interest margin, and efficiency ratios are presented on a
fully taxable-equivalent ("FTE") basis. The FTE basis adjusts for the
tax-favored status of net interest income from certain loans and
investments. The Company believes this measure to be the preferred industry
measurement of net interest income and it enhances comparability of net
interest income arising from taxable and tax-exempt sources. Total revenue -
FTE equals net interest income on a FTE basis plus noninterest income.
^3Current period tier 1 common equity, tier 1 capital, total capital and tier
1 leverage ratios are estimated as of the earnings release date.
^4"NM" - Not meaningful. Calculated percentage was not considered to be
meaningful.

SunTrust Banks, Inc. and
Subsidiaries
RECONCILEMENT OF NON-GAAP MEASURES
APPENDIX A TO THE EARNINGS
RELEASE
(Dollars in millions, except per share data)
(Unaudited)
                                                Three Months Ended                                              Nine Months Ended
                                                September 30        June 30      March 31  December  September  September  September
                                                                                           31        30         30         30
                                                2012                2012         2012      2011      2011       2012       2011
NON-GAAP MEASURES PRESENTED IN THE EARNINGS
RELEASE^1
Efficiency ratio^2          44.90%              68.83%       69.50%    81.45%    71.05%     57.94%     69.69%
Impact of excluding amortization of intangible  -0.43%              -0.50%       -0.48%    -0.46%    -0.50%     -0.46%     -0.51%
assets
Tangible efficiency                             44.47%              68.33%       69.02%    80.99%    70.55%     57.48%     69.18%
ratio^3
Total shareholders' equity      $20,399             $20,568      $20,241   $20,066   $20,200
Goodwill, net of deferred taxes of $159
million, $156 million, $164 million, $154       (6,210)             (6,220)      (6,180)   (6,190)   (6,195)
million, and $149 million, respectively
Other intangible assets, net of deferred taxes
of $8 million, $10 million, $14 million, $16   (888)               (929)        (1,142)   (1,001)   (1,120)
million, and $18 million, respectively, and
MSRs
MSRs                                            831                 865          1,070     921       1,033
Tangible equity                   14,132              14,284       13,989    13,796    13,918
Preferred stock                                 (275)               (275)        (275)     (275)     (172)
Tangible common equity                          $13,857             $14,009      $13,714   $13,521   $13,746
Total assets                   $173,181            $178,257     $178,226  $176,859  $172,553
Goodwill                        (6,369)             (6,376)      (6,344)   (6,344)   (6,344)
Other intangible assets including               (896)               (939)        (1,155)   (1,017)   (1,138)
MSRs
MSRs                                            831                 865          1,070     921       1,033
Tangible assets                $166,747            $171,807     $171,797  $170,419  $166,104
Tangible equity to tangible assets^4 8.48%               8.31%        8.14%     8.10%     8.38%
Tangible book value per common share^5          $25.72              $26.02       $25.49    $25.18    $25.60
Net interest income         $1,271              $1,274       $1,311    $1,294    $1,263     $3,856     $3,771
Taxable-equivalent adjustment 30                  32           31        30        30         93         84
Net interest income - FTE       1,301               1,306        1,342     1,324     1,293      3,949      3,855
Noninterest income          2,542               940          876       723       903        4,358      2,698
Total revenue - FTE               3,843               2,246        2,218     2,047     2,196      8,307      6,553
Securities gains, net                           (1,941)             (14)         (18)      (19)      (2)        (1,973)    (98)
Total revenue - FTE excluding net securities    $1,902              $2,232       $2,200    $2,028    $2,194     $6,334     $6,455
gains ^6
Total loans                                     $121,817            $124,560     $122,691  $122,495  $117,475
Government guaranteed loans                     (10,646)            (12,911)     (13,633)  (13,871)  (9,782)
Loans held at fair value                        (390)               (406)        (413)     (433)     (452)
Total loans, excluding government guaranteed    $110,781            $111,243     $108,645  $108,191  $107,241
and fair value loans
Allowance to total loans, excluding government  2.02%               2.07%        2.16%     2.27%     2.42%
guaranteed and fair value loans ^7
^1 Certain amounts in this schedule are presented net of applicable income taxes, which are calculated based on each subsidiary's
federal and state tax rates and laws. In general, the federal marginal tax rate is 35%, but the state marginal tax rates range from
1% to 8% in accordance with the subsidiary's income tax filing requirements with various tax authorities. In addition, the effective
tax rate may differ from the federal and state marginal tax rates in certain cases where a permanent difference exists.
^2Computed by dividing noninterest expense by total revenue - FTE. The FTE basis adjusts for the tax-favored status of net interest
income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net
interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources.
^3SunTrust presents a tangible efficiency ratio which excludes the amortization of intangible assets other than MSRs. The Company
believes this measure is useful to investors because, by removing the effect of these intangible asset costs (the level of which may
vary from company to company), it allows investors to more easily compare the Company's efficiency to other companies in the
industry. This measure is utilized by management to assess the efficiency of the Company and its lines of business.
^4SunTrust presents a tangible equity to tangible assets ratio that excludes the after-tax impact of purchase accounting intangible
assets. The Company believes this measure is useful to investors because, by removing the effect of intangible assets that result
from merger and acquisition activity (the level of which may vary from company to company), it allows investors to more easily
compare the Company's capital adequacy to other companies in the industry. This measure is used by management to analyze capital
adequacy.
^5SunTrust presents a tangible book value per common share that excludes the after-tax impact of purchase accounting intangible
assets and also excludes preferred stock from tangible equity. The Company believes this measure is useful to investors because, by
removing the effect of intangible assets that result from merger and acquisition activity as well as preferred stock (the level of
which may vary from company to company), it allows investors to more easily compare the Company's book value on common stock to other
companies in the industry.
^6SunTrust presents total revenue - FTE excluding net securities gains. The Company believes noninterest income without net
securities gains is more indicative of the Company's performance because it isolates income that is primarily client relationship and
client transaction driven and is more indicative of normalized operations.
^7SunTrust presents a ratio of allowance to total loans, excluding government guaranteed and fair value loans, to exclude loans from
the calculation that are held at fair value with no related allowance and loans guaranteed by a government agency that do not have an
associated allowance recorded due to nominal risk of principal loss.



SunTrust Banks, Inc. and
Subsidiaries
RECONCILEMENT OF NON-GAAP MEASURES
APPENDIX A TO THE EARNINGS RELEASE,
continued
(Dollars in millions, except per share data)
(Unaudited)
                                           Three Months Ended                                                Nine Months Ended
                                           September 30            June 30       March  December  September  September  September
                                                                                 31     31        30         30         30
                                           2012                    2012          2012   2011      2011       2012       2011
NON-GAAP MEASURES PRESENTED IN THE
EARNINGS RELEASE^1
Net income available to common             $1,066                  $270          $245   $71       $211       $1,581     $424
shareholders
Accelerated accretion associated with
repurchase of preferred stock              -                       -             -      -         -          -          74
 issued to the U.S. Treasury
Net income available to common
shareholders excluding
 accelerated accretion associated with   $1,066                  $270          $245   $71       $211       $1,581     $498
repurchase of preferred stock
 issued to the U.S. Treasury
Net income per average common share -      $1.98                   $0.50         $0.46  $0.13     $0.39      $2.94      $0.81
diluted
Effect of accelerated accretion associated
with repurchase of preferred               -                       -             -      -         -          -          0.14
 stock issued to the U.S. Treasury
Net income per average common share -
diluted, excluding effect
 of accelerated accretion associated     $1.98                   $0.50         $0.46  $0.13     $0.39      $2.94      $0.95
with repurchase of preferred stock
 issued to the U.S. Treasury
RECONCILIATION OF NET INCOME AVAILABLE TO
COMMON SHAREHOLDERS:
Net income                                 $1,077                  $275          $250   $74       $215       $1,602     $573
Preferred dividends                        (2)                     (3)           (3)    (2)       (2)        (8)        (5)
Dividends and accretion of discount on
preferred stock issued to the U.S.         -                       -             -      -         -          -          (66)
Treasury
Accelerated accretion associated with
repurchase of preferred stock              -                       -             -      -         -          -          (74)
 issued to the U.S. Treasury
Dividends and undistributed earnings       (9)                     (2)           (2)    (1)       (2)        (13)       (4)
allocated to unvested shares
Net income available to common             $1,066                  $270          $245   $71       $211       $1,581     $424
shareholders
^1Certain amounts in this schedule are presented net of applicable income taxes, which are calculated based on each subsidiary's
federal and state tax rates and laws. In general, the federal marginal tax rate is 35%, but the state marginal tax rates range
from 1% to 8% in accordance with the subsidiary's income tax filing requirements with various tax authorities. In addition, the
effective tax rate may differ from the federal and state marginal tax rates in certain cases where a permanent difference exists.



SOURCE SunTrust Banks, Inc.

Website: http://www.suntrust.com
Contact: Investors: Kris Dickson, +1-404-827-6714, or Media: Mike McCoy,
+1-404-588-7230