SUNTRUST BANKS INC - FORM 8-K - EX-99.2 - PRESENTATION MATERIALS

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SunTrust Banks, Inc.

1Q 2011 Earnings Presentation

April 21, 2011

Exhibit 99.2

Important Cautionary Statement

The following should be read in conjunction with the financial statements, notes and other information contained in the Company’s 2010 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 reconciliations of those measures to GAAP measures are provided within or in the appendix of 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.

This presentation contains forward-looking statements. Statements regarding our expectations about nonperforming loans and net charge-offs, net interest margin, and the impacts of legislative and regulatory changes 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 Item 1A of Part I of our 10-K and in other periodic reports that

we file with the SEC. Those factors include: difficult market conditions have adversely affected our industry; concerns over market volatility continue; recently enacted legislation, legislation enacted in the future, and

certain proposed federal programs subject us to increased regulation and may adversely affect us; the Dodd-Frank Act makes fundamental changes to the regulation of the financial services industry, some of which may

adversely affect our business; SunTrust Bank may be subject to higher deposit insurance assessments; we are subject to capital adequacy and liquidity guidelines and, if we fail to meet these guidelines, our financial

condition would be adversely affected; emergency measures designed to stabilize the U.S. banking system are beginning to wind down; we are subject to credit risk; our ALLL may not be adequate to cover our eventual

losses; we will realize future losses if the proceeds we receive upon liquidation of nonperforming assets are less than the carrying value of such assets; weakness in the economy and in the real estate market, including

specific weakness within our geographic footprint, has adversely affected us and may continue to adversely affect us; 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 from originating, selling, and holding mortgages, including the risk that 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; 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; 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 or liquidity; 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 natural or man-made

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; the soundness of

other financial institutions could adversely affect us; we rely on other companies to provide key components of our business infrastructure; we rely on our systems, employees, and certain counterparties, and certain

failures could materially adversely affect our operations; 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 may 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 negatively 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 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 strategy; our accounting policies and processes are critical to how we report our financial condition and results of operations, and 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 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.

Table of Contents

TARP SHARES REDEMPTION

II.

FINANCIAL PERFORMANCE

III.

RISK REVIEW

IV.

BUSINESS HIGHLIGHTS

APPENDIX

TARP Redemption

I. TARP SHARES REDEMPTION

TARP Redemption Completed Following Successful Equity and Debt Offerings

Key Points

•

Following the Federal Reserve’s review of SunTrust’s

capital plan in connection with the Comprehensive

Capital Analysis and Review (CCAR), SunTrust

completed $1 billion equity and debt offerings to

facilitate TARP redemption

•

Both offerings were substantially oversubscribed and

well-received by the market, as evidenced by the

equity offering’s 4.4% file-to-offer premium

•

TARP shares were repurchased from the U.S.

•

SunTrust demonstrated a patient, deliberate

approach to TARP redemption, which ultimately

benefited

our

shareholders.

connection

with

TARP redemption, SunTrust's common stock

issuance as a percentage of TARP outstanding

was 21%

Common Stock Offering –

3/18/11

Senior Debt Offering –

3/21/11

Total Offering Size

$1.0B

Shares Offered

35.3MM

Closing Stock Price 3/17/11

$28.25

Closing Stock Price 3/18/11

$29.59

Offering Price

$29.50

File-to-Offer Premium

4.4%

Total Offering Size

$1.0B

Maturity

April 2016

Coupon

3.60%

Offering Price over 5-yr UST

160bps

Treasury on March 30

Tier 1 Common Ratio

Tier 1 Capital Ratio (Excluding TARP)

Tangible Common Equity Ratio

Tangible Book Value Per Share

Estimated

The Tier 1 Capital Ratio including TARP was 13.13% in 1Q 10, 13.51% in 2Q 10, 13.58% in 3Q 10, and 13.67% in 4Q 10

Please refer to the Appendix for a reconcilement to the most directly comparable GAAP financial measure

Capital Position

Capital Ratios Further Strengthened and Significantly Exceed Current and Proposed

Regulatory Standards

I. TARP SHARES REDEMPTION

1Q 11 Summary

•

Reported earnings per share of $0.08

•

Excluding

the

impact

TARP

redemption,

EPS

was

$0.22

which

was

stable

compared

to the prior quarter and up substantially from the prior year

•

$4.85

billion

TARP

preferred

repurchased

from

the

U.S.

Treasury

•

Patient and deliberate strategy proved beneficial to shareholders

•

9.0%

Tier

common

ratio

•

Growth in lower cost deposits and favorable deposit mix shift continued

•

Average loan balances increased modestly, with continued run-off in higher-risk

categories

•

Net Interest Margin expanded 9 basis points, up for the eighth consecutive quarter

•

Fee income declined sequentially due to market-sensitive factors, but increased

meaningfully from the prior year

•

Expenses declined 5% sequentially

Profitability

TARP

Redemption

Balance

Sheet

Revenue

Expense

Estimated

The TARP redemption charge was ($74) million, or approximately ($0.14) per share. This non-cash charge to net income available to common shareholders reflects the

unamortized discount on the TARP preferred shares

•

Improvements in credit quality continued. Nonperforming loans/assets, early stage

delinquencies, net charge-offs, and the provision for loan losses all declined

Credit

II.

FINANCIAL

PERFORMANCE

($ in millions, except per share data)

Income Statement Highlights

II.

FINANCIAL

PERFORMANCE

Net Interest Income (FTE)

Provision for Credit Losses

Noninterest Income

Total Revenue (FTE)

Noninterest Expense

Net Income/(Loss)

Preferred Dividends

Net Income/(Loss) to Common

Shareholders

Net Income/(Loss) per Share

Net Income/(Loss) per Share excl.

TARP Redemption

$1,277

447

883

2,160

1,465

180

142

$0.08

$0.22

$1,202

862

698

1,900

1,361

(161)

(229)

($0.46)

$1,294

512

1,032

2,326

1,548

185

114

$0.23

1Q 10

4Q 10

1Q 11

Financial Highlights

Key Points

Significant 1Q 11 Items

•($74) million after-tax charge from TARP

redemption –

($0.14) EPS impact

•$64 million securities gains in both 1Q 11

and 4Q 10 –

$0.08 EPS impact

Prior Quarter Variance

•Stable EPS (excluding TARP redemption):

Lower provision from continued credit

quality improvement

Decline in fee income from market-

sensitive / cyclical items

Reduced expenses, despite seasonal

increase in employee benefits costs

Prior Year Variance

•Significant EPS improvement driven by:

Net interest income growth, primarily

from improved deposit mix and pricing

Improved credit quality / lower provision

Higher fee income in core consumer and

commercial categories

EPS of $0.22 Excluding TARP Redemption Impact

Reported EPS was $0.08. The TARP redemption charge of ($74) million, or approximately ($0.14) per share, is reflected in the Preferred Dividends line item and is a non-cash

charge

the

unamortized

discount

the

TARP

preferred

II.

FINANCIAL

PERFORMANCE

Loans

Average Performing Loans¹

Key Points

Prior Quarter Variance

•~$400 million performing loan balance growth, as

growth in Consumer more than offset declines in

Residential and Commercial

•Consumer segment growth driven by full quarter

impact of December 2010 auto loan purchase, as well

as growth in Guaranteed Student Loans

•In the Commercial segment, C&I increased while

Construction and CRE declined

•Residential segment declined due to continued run-

off in higher-risk segments

Prior Year Variance

•$2.1 billion, or 2% growth, in performing loans

•Consumer segment up ~$4.5 billion, driven by

Indirect and Guaranteed Student Loans

•Commercial segment down ~$2.4 billion, due to

Construction and CRE

•Residential segment flat as growth in Government

Guaranteed Mortgages offset declines in higher-risk

portions of the Residential Mortgage and Home

Equity categories

($ in millions)

Modest Average Balance Growth from 4Q 10

$110,702

$111,133

2010 quarterly averages for the Commercial, Residential, and Consumer segments are calculated using month end balances and, therefore, do not sum to the total performing loan

balances, which are calculated using daily average balances

$108,987

$108,033

$108,816

II.

FINANCIAL

PERFORMANCE

Higher-risk

Loans

Higher-risk Loans (period-end)

Key Points

•

Higher-risk categories down over $11 billion, or

almost 50%, since 4Q 08

These declining portfolios represent only 10%

of total loans

•

Over this same time, government-guaranteed loans

are up over $6 billion to $9.0 billion

Prior Quarter Variance

•

$1.1 billion, or 8%, decline in higher-risk loans

•

Declines occurred in each of the major categories,

as well as the sub-categories (listed in footnote)

•

Largest dollar declines occurred in Commercial

Construction ($460 million, or 18%) and High LTV

Home Equity ($233 million)

Prior Year Variance

•

$4.5 billion, or 27%, decline in higher-risk loans

•

Commercial Construction down $2.2 billion, or 51%

•

Higher-risk Mortgages down $1.2 billion, or 22%

Residential Construction down over $0.5 billion

•

Higher-risk Home Equity down $1.1 billion, or 16%,

primarily from High LTV Lines and HE Loans

($ in millions)

Continued Declines in Higher-risk Categories

Higher-risk

Mortgage

products

include

Prime

2nds,

Residential

Construction,

and

Alt-A.

Higher-risk

Home

Equity

includes

High

LTV

lines

(includes

Florida

lines

80%

LTV

and

other

lines > 90% LTV), Brokered Home Equity, and Home Equity Loans. Data includes performing and nonperforming loans

II.

FINANCIAL

PERFORMANCE

Deposits

Average Client Deposits

Key Points

($ in millions)

Favorable Deposit Growth and Mix Shift Trends Continued

$119,688

$116,460

$117,233

$115,084

$120,710

Prior Quarter Variance

•Client Deposits grew $1.0 billion, or 1%, to a

record level of $120.7 billion

•Continued favorable shift in deposit mix

DDA, NOW, MMA, and Savings up a combined

$2.2 billion, or 2%

Prior Year Variance

•Client Deposits grew $5.6 billion, or 5%

•Growth entirely in lower-cost accounts, including:

DDA up $3.8 billion, or 15%

MMA up $6.4 billion, or 18%

•Higher-cost Time Deposits declined $4.7 billion, or

19%

II.

FINANCIAL

PERFORMANCE

Net Interest Income

Net Interest Income, FTE

Key Points

($ in millions)

Net Interest Margin

Net Interest Income

Net Interest Margin Expanded for Eighth Straight Quarter

Prior Quarter Variance

•Net Interest Margin expanded 9 bps

Interest earning assets up 5 bps, as loan and

securities yields expanded 2 bps and 6 bps,

respectively

Deposit mix shift and lower rates paid contributed

to 4 bps decline in interest-bearing liabilities

•Net Interest Income down modestly due to day count

Prior Year Variance

•Net Interest Income up $75 million, or 6%, driven by a

21 bps expansion in the Net Interest Margin

Deposit mix shift and rates paid drove a 31 bps

decline in interest-bearing liabilities

Interest earning asset yields declined a modest 6

bps, as efforts to drive improved loan pricing and

the Commercial loan swap position helped

mitigate the impacts of the continued low rate

environment

2Q 11 Expectation

•Expect Net Interest Margin to be relatively stable to

1Q 11

$1,202

$1,277

$1,294

$1,266

$1,208

3.32%

3.33%

3.41%

3.44%

3.53%

1,000

1Q 10

2Q 10

3Q 10

4Q 10

1Q 11

3.0%

3.2%

3.4%

3.6%

II.

FINANCIAL

PERFORMANCE

Noninterest Income

($ in millions)

$883

$1,047

$1,032

Key Points

Sequential Quarter Declined, as Expected, Due to Market-Sensitive Revenue

Please refer to the appendix for adjustment detail

Prior Quarter Variance

•Adjusted Noninterest Income declined $99 million,

or 11%, due primarily to:

Mortgage Production –

higher interest rate

environment resulted in reduced refinance

activity

Investment

Banking

–

declined

from

record 4Q

Prior Year Variance

•Adjusted Noninterest Income increased $53

million, or 7%

Trust Income, Retail Investment Services,

Investment Banking, and Card Fees each

increased by over $10 million and grew by

double digit percentages

Mortgage Production increased due to lower

repurchase reserve costs

Service Charges on Deposits declined due to

the impact of Reg E

$952

$698

1Q 10 2Q 10 3Q 10 4Q 10

1Q11

Repurchase demand increased in 1Q 2011 driven

by an increase in demands from 2007 vintage

Summary Statistics

Losses have stabilized but reserve is marginally up

due to an increase in new demands

II. FINANCIAL PERFORMANCE

Mortgage Repurchase Trends

($ in millions)

1Q 10

2Q 10

3Q 10

4Q 10

1Q 11

Period-end

Balance

$287

$317

$320

$293

$363

% Non-Agency

(approx.)

10%

($ in millions)

1Q 10

2Q 10

3Q 10

4Q 10

1Q 11

2005 & Prior

$18

$21

$26

$20

$24

2006

2007

168

204

134

108

157

2008

2009

2010

Total

$285

$349

$263

$233

$313

% Non-Agency

(approx.)

Metric

(2005

–

2011

vintages)

Amount ($B)

Sold UPB

$ 209

Remaining UPB

106

Cumulative Repurchase Requests

3.7

Requests Resolved

3.3

Losses Recognized to Date

0.8

1Q 2011 Reserve

0.3

Income Statement Impact to Date

1.1

Memo: Non-Agency UPB

Includes estimates

Amount is an estimate and is included in the $106 billion of remaining UPB

($ in millions)

1Q 10

2Q 10

3Q 10

4Q 10

1Q 11

Pending demands increased in 1Q 2011

Beginning Balance

$200

$210

$256

$270

$265

Additions

128

148

Charge-Offs

(118)

(102)

(81)

(90)

(75)

Ending Balance

$210

$256

$270

$265

$270

Noninterest Expense

($ in millions)

Key Points

II. FINANCIAL PERFORMANCE

$1,548

$1,499

$1,503

Decline from 4Q, Despite Seasonally Higher Benefits Expenses

Please refer to the appendix for adjustment detail

Prior Quarter Variance

•$83 million, or 5%, decline in reported Noninterest

Expense

•$67 million, or 4%, decline in Adjusted Noninterest

Expense

Other Expenses down due primarily to lower

credit-related expenses

Marketing & Customer Development and

Outside Processing declined $18 million and

$16 million, respectively

Employee Compensation increased due to

seasonally higher benefits costs, which more

than offset declines in other staff expenses

Prior Year Variance

•Total Noninterest Expenses increased by $104

million

Employee Compensation is largest driver, up

$62 million, due to improved revenue

generation and staff additions

Credit Quality Improvement

III. RISK REVIEW

30 -

89 Day Delinquencies

Net Charge-offs

Allowance for Loan and Lease Losses

ALLL Ratio

ALLL ($)

Continued Improvement in All Key Metrics

Includes

$160

million

mortgage

loans

transferred

HFS

and

$47

million

mortgage

loans

transferred

HFS

1Q 11

NCOs to Avg. Loans (annualized)

Net Charge-offs

Nonperforming Assets

Loan Portfolio

Key Points

Net Charge-offs

$722

$690

$571

$621

$821

Nonperforming Loans

$3,971

$5,185

$4,699

$4,373

$4,110

Prior Quarter Variance

•NPLs

declined $139 million, or 3%

Residential down $112 million, including $57

million

from

the

transfer

HFS

•Net charge-offs declined $50 million, or 8%

Commercial down $47 million due to declines

in C&I and CRE

Residential and Consumer stable

Residential 1Q 11 NCO includes a $10 million

write-down on NPL transfer to HFS

Prior Year Variance

•NPLs

declined $1.2 billion, or 23%, driven by C&I,

Residential mortgages, and Construction

•NCOs decreased in all segments by a total of

$250 million, or 30%, with the largest declines in

the Residential Nonguaranteed portfolio

2Q 11 Expectation

•Expect NPLs

to decline and NCOs to be relatively

stable from 1Q 11 levels

Seventh Consecutive Quarter of NPL Declines

$57

million

reflects

the

carrying

value

prior

the

transfer

HFS

III. RISK REVIEW

Selected Accomplishments

IV. BUSINESS HIGHLIGHTS

Excellent Client Service is Being Recognized by Our Industry

•

Received 18 Greenwich Excellence Awards for Distinguished Performance in Serving the

Financial Needs of Business Clients in Small and Middle Market Business Banking

One of the top two award recipients nationally

Ranked highest in customer satisfaction in Small Business Banking

•

Ranked

bank

for

customer

experience

Client Service Improvements are Translating into Client Loyalty

•

Client satisfaction

all-time

high

measured

our

Service

Excellence

Program

•

Achieved #1 industry ranking for client loyalty in Commercial and Private Wealth Management

against

key

competitors

•

Net new

consumer

checking

accounts

30%

from

2010

driven

decline

closed

accounts, as attrition continues to improve

Focus on Customer-Centric Strategies is Yielding Results

•

Client Deposits reached a record level in 1Q 11

•

Third highest quarter of net income and revenue results for CIB—revenue up 50% from prior year

•

Wealth and Investment Management net income up 34% from the prior year; fee income up 16%

Teammate Engagement is Improving Markedly

•

Completed second annual employee engagement survey—90% participation:

Realized positive

improvements

every

surveyed

area

Working as One Team to Deliver the Organization to Our Clients

•

Improved cross-sell penetration across many of our lines of business

Based upon internal surveys conducted by Gallup

By Forrester Research

Proprietary research conducted by Gallup on behalf of SunTrust

Based upon Gallup Survey results within the SunTrust footprint

Client First

One Team

Profitable

Growth

1Q 11 Summary

•

Reported earnings per share of $0.08

•

Excluding

the

impact

TARP

redemption,

EPS

was

$0.22

which

was

stable

compare

d to the prior quarter and up substantially from the prior year

•

$4.85

billion

TARP

preferred

repurchased

from

the

U.S.

Treasury

•

Patient and deliberate strategy proved beneficial to shareholders

•

9.0%

Tier

common

ratio

•

Growth in lower cost deposits and favorable deposit mix shift continued

•

Average loan balances increased modestly, with continued run-off in higher-risk

categories

•

Net Interest Margin expanded 9 basis points, up for the eighth consecutive quarter

•

Fee income declined sequentially due to market-sensitive factors, but increased

meaningfully from the prior year

•

Expenses declined 5% sequentially

Profitability

TARP

Redemption

Balance

Sheet

Revenue

Expense

Estimated

The TARP redemption charge was ($74) million, or approximately ($0.14) per share. This non-cash charge to net income available to common shareholders reflects the

unamortized discount on the TARP preferred shares

•

Improvements in credit quality continued. Nonperforming loans/assets, early stage

delinquencies, net charge-offs, and the provision for loan losses all declined

Credit

IV. BUSINESS HIGHLIGHTS

Appendix

$0.2

3.8

18.0

0.6

0.3

0.2

0.7

2.8

$26.6

U.S. Treasury

U.S. Agency

MBS –

Agency

U.S. States and Subdivisions

MBS –

Private

Corporate & Other

Asset –

Backed Securities

Other Equity

Total AFS

4Q 2010 1Q 2011 $ Change

Securities

Available for Sale

($ in billions, period-end balances)

Securities Portfolio

V. APPENDIX

$5.5

1.9

14.4

0.6

0.3

0.5

0.8

2.9

$26.9

$(5.3)

1.9

3.6

(0.3)

(0.1)

$(0.3)

Stable Portfolio; $64 million in 1Q Gains Recognized in Repositioning

Note: Columns may not foot due to rounding

V. APPENDIX

30 –

89 Day Delinquencies by Loan Class –

Excl. Govt.

Guaranteed Loans

Memo:

($ in millions)

1Q 10

2Q 10

3Q 10

4Q 10

1Q 11

1Q 11 Loan

Balance

30-89 Day Delinquencies

Commercial Loans

Commercial & industrial

0.36

0.31

0.28

0.25

0.22

$ 45,080

Commercial real estate

0.77

1.05

0.88

0.43

0.33

6,043

Commercial construction

1.16

1.18

0.67

0.42

0.47

2,109

Total commercial loans

0.47

0.46

0.38

0.28

0.24

53,232

Residential Loans

Residential mortgages -

guaranteed

4,516

Residential mortgages -

nonguaranteed

1.91

1.83

1.88

1.90

1.63

23,443

Home equity products

1.46

1.44

1.52

1.40

1.46

16,382

Residential construction

3.27

2.82

2.61

3.28

2.94

1,208

Total residential loans

1.79

1.71

1.76

1.74

1.60

45,549

Consumer Loans

Guaranteed student loans

4,477

Other direct

1.03

0.63

1.87

0.92

1.12

1,786

Indirect

0.88

0.82

0.79

0.78

0.68

9,469

Credit cards

2.97

2.58

2.76

2.40

2.04

419

Total consumer loans

1.03

0.88

1.05

0.86

0.79

16,151

Total SunTrust -

excluding government guaranteed

delinquencies

1.04

0.98

0.96

0.90

0.80

$ 114,932

Total SunTrust -

including government guaranteed

delinquencies

1.19

1.26

1.24

1.18

1.15

Excludes delinquencies on all federally guaranteed mortgages

Excludes delinquencies for federally guaranteed student loans

Excludes

mortgage

loans

guaranteed

GNMA

that

SunTrust

has

the

option,

but

not

the

obligation,

repurchase

V. APPENDIX

Nonperforming Loans by Loan Class

Memo:

($ in millions)

1Q 10

2Q 10

3Q 10

4Q 10

1Q 11

1Q 11 Loan

Balance

Nonperforming Loans

Commercial Loans

Commercial & industrial

$669

$644

$601

$584

$585

$45,080

Commercial real estate

252

321

346

342

435

6,043

Commercial construction

1,380

1,226

1,111

961

843

2,109

Total commercial loans

2,301

2,191

2,058

1,887

1,863

53,232

Residential Loans

Residential mortgages -

guaranteed

4,516

Residential mortgages -

nonguaranteed

2,008

1,749

1,591

1,543

1,458

23,443

Home equity products

369

360

357

355

343

16,382

Residential construction

476

364

325

290

275

1,208

Total residential loans

2,853

2,473

2,273

2,188

2,076

45,549

Consumer Loans

Guaranteed student loans

4,477

Other direct

1,786

Indirect

9,469

Credit cards

419

Total consumer loans

16,151

Total

$5,185

$4,699

$4,373

$4,110

$3,971

$114,932

V. APPENDIX

Net Charge-offs by Loan Class

Memo:

($ in millions)

1Q 10

2Q 10

3Q 10

4Q 10

1Q 11

1Q 11 Loan

Balance

Net Charge-offs to Avg. Loans annualized

Commercial Loans

Commercial & industrial

0.92

0.74

0.94

0.44

$45,080

Commercial real estate

0.57

0.97

2.33

1.79

1.42

6,043

Commercial construction

4.97

10.38

13.06

9.62

14.76

2,109

Total commercial loans

1.22

1.61

1.70

1.50

1.19

53,232

Residential Loans

Residential

mortgages

guaranteed

4,516

Residential

mortgages

nonguaranteed

5.40

3.37

3.30

3.09

3.19

23,443

Home equity products

4.56

4.04

3.69

3.71

3.96

16,382

Residential construction

14.56

20.44

18.09

11.61

10.46

1,208

Total residential loans

5.26

4.06

3.68

3.28

3.37

45,549

Consumer Loans

Guaranteed student loans

4,477

Other direct

2.78

3.02

1.74

2.20

2.53

1,786

Indirect

1.00

0.57

0.55

0.65

0.56

9,469

Credit cards

16.37

11.59

10.34

9.52

8.68

419

Total consumer loans

1.69

1.19

0.91

0.93

0.89

$16,151

Total

2.91

2.57

2.42

2.14

2.01

$114,932

2010 net charge-off ratios calculated using average of month-end loan balances

TDR Composition

Mortgage and Consumer Loans are 95% of Accruing TDRs; 87% are Current on

Principal and Interest Payments

TDR Trend

Early Stage Accruing TDR Delinquencies

Key Points

Prior Quarter Variance

•Total TDRs

were stable at $3.6 billion

•Accruing and current balances increased modestly

•Early stage delinquencies remained stable

Prior Year Variance

•Total TDRs

increased by $784 million due to

increased modifications, primarily in Residential

loans

•The percentage of TDRs

that are accruing

increased to 73% in 1Q 11 from 67% in 1Q 10

$2,835

$3,255

$3,504

$3,618

$3,619

V. APPENDIX

Noninterest Income Reconciliation

V. APPENDIX

($ in millions)

1Q 10

2Q 10

3Q 10

4Q 10

1Q 11

Total Noninterest Income

$698

$952

$1,047

$1,032

$883

Adjustment Items:

Securities Gains/(Losses)

Fair Market Value Adjustments (Trading Income)

(23)

STI Debt Valuation (Trading Income)

(20)

(22)

(20)

SunTrust Index-linked CDs (SILC) (Trading

Income)

(31)

(59)

(11)

Auction Rate Securities (Trading Income)

(2)

(11)

Fair Value Adjustments (Mortgage Production)

(8)

(6)

(9)

(5)

Stable River Gain (Other Income)

Total Adjustments

(74)

144

108

Adjusted Noninterest Income

$772

$808

$1,047

$924

$825

Noninterest Expense Reconciliation

V. APPENDIX

($ in millions)

1Q 10

2Q 10

3Q 10

4Q 10

1Q 11

Total Noninterest Expense

$1,361

$1,503

$1,499

$1,548

$1,465

Adjustment Items:

AHG Writedown (Other Exp.)

(Gain)/Loss on Debt Extinguishment

(9)

(1)

Visa Contract Termination Fee (Other Exp.)

Total Adjustments

(1)

Adjusted Noninterest Expense

$1,362

$1,435

$1,487

$1,533

$1,466

Additional Noninterest Expense Disclosures

V. APPENDIX

Totals may not foot due to rounding

($ in millions)

1Q 10

2Q 10

3Q 10

4Q 10

1Q 11

Operating Losses

$14

$16

$27

$26

$27

Mortgage Reinsurance (Other Exp.)

Credit & Collections (Other Exp.)

Other Real Estate (Other Exp.)

Total Credit-related Expenses

$143

$177

$181

$189

$155

Reconciliation of Non GAAP Measures

V. APPENDIX

($ in millions, except per share data)

Three Months Ended

March 31

June 30

September 30

December 31

March 31

2010

2011

Total shareholders' equity

$22,620

$23,024

$23,438

$23,130

$19,223

Goodwill, net of deferred taxes

(6,202)

(6,197)

(6,192)

(6,189)

(6,185)

Other intangible assets including MSRs, net of deferred taxes

(1,761)

(1,409)

(1,174)

(1,545)

(1,635)

MSRs

1,641

1,298

1,072

1,439

1,538

Tangible equity

16,298

16,716

17,144

16,835

12,941

Preferred stock

(4,923)

(4,929)

(4,936)

(4,942)

(172)

Tangible common equity

$11,375

$11,787

$12,208

$11,893

$12,769

Total assets

$171,796

$170,668

$174,703

$172,874

$170,794

Goodwill

(6,323)

(6,324)

Other intangible assets including MSRs

(1,800)

(1,443)

(1,204)

(1,571)

(1,659)

MSRs

1,641

1,298

1,072

1,439

1,538

Tangible assets

$165,314

$164,200

$168,248

$166,419

$164,349

Tangible equity to tangible assets

9.86

10.18

10.19

10.12

7.87

Tangible common equity to tangible assets

6.88

7.18

7.26

7.15

7.77

Tangible book value per common share

$22.76

$23.58

$24.42

$23.76

$23.79

SUNTRUST BANKS INC - FORM 8-K - EX-99.2 - PRESENTATION MATERIALS - April 21, 2011

Attached files