SunTrust Banks, Inc. and Subsidiaries FINANCIAL HIGHLIGHTS Change Change

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1 FINANCIAL HIGHLIGHTS EARNINGS & DIVIDENDS Period Ended December 31 (Dollars in millions except per share data) Three Months Ended % Twelve Months Ended % Change Change Net income $ $ % $ 1,572.9 $ 1, % Total revenue 1, , , , Total revenue excluding securities gains and losses 1 1, , , , Earnings per share Diluted $ 1.26 $ $ 5.19 $ Basic Dividends paid per common share Average shares outstanding (000s) Diluted 362, , , , Basic 357, , , , KEY RATIOS Return on average total assets 1.16 % 1.09 % 6.4 % 1.18 % 1.09 % 8.3 % Return on average assets less net unrealized securities gains Return on average total equity (20.4) (6.5) Return on average realized equity (21.7) (2.1) Total average shareholders' equity to total average assets Net interest margin Efficiency ratio Period Ended December 31 Book value per share Tier 1 capital ratio (10.8) Total capital ratio (12.3) Tier 1 leverage ratio (12.3) CONDENSED BALANCE SHEETS (Dollars in millions) Average Balances Securities available for sale $ 29,295 $ 25, % $ 26,419 $ 23, % Loans held for sale 5,607 7,202 (22.1) 5,427 8,588 (36.8) Loans 100,137 79, ,214 76, Other earning assets 3,468 2, ,217 3, Allowance for loan losses (1,095) (954) 14.8 (990) (951) 4.1 Intangible assets 7,880 1, ,312 1, Other assets 11,278 8, ,155 10, Total assets $ 156,570 $ 124, $ 133,754 $ 122, Consumer and commercial deposits $ 90,601 $ 70, $ 77,092 $ 69, Purchased liabilities 5 22,297 25,018 (10.9) 21,548 24,474 (12.0) Long-term debt 21,962 14, ,075 12, Other liabilities 5,891 5, ,570 6,667 (16.5) Total liabilities 140, , , , Shareholder's equity 15,819 9, ,469 9, Total liabilities and shareholders' equity $ 156,570 $ 124, $ 133,754 $ 122, Period Ended December 31 Securities available for sale $ 28,941 $ 25, Loans held for sale 6,580 5, Loans 101,426 80, Other earning assets 4,008 3, Allowance for loan losses (1,050) (942) 11.5 Intangible assets 7,867 1, Other assets 11,310 9, Total assets $ 159,082 $ 125, Consumer and commercial deposits $ 92,110 $ 72, Purchased liabilities 5 22,981 21, Long-term debt 22,127 15, Other liabilities 5,877 5, Total liabilities 143, , Shareholders' equity 15,987 9, Total liabilities and shareholders' equity $ 159,082 $ 125, SunTrust presents total revenue excluding realized securities gains/losses. The Company believes total revenue without securities gains/losses is more indicative of the Company's performance because it isolates income that is primarily customer relationship and customer transaction driven. See Appendix A for a reconcilement of this non-gaap performance measure. 2 SunTrust presents a return on average assets and return on average realized equity which exclude realized and unrealized securities gains/losses and dividends from The Coca-Cola Company. The foregoing numbers reflect primarily adjustments to remove the effects of the Company's securities portfolio which includes the ownership by the Company of 48.3 million shares of The Coca-Cola Company. The Company uses this information internally to gauge its actual performance in the industry. The Company believes that the return on average assets less the net unrealized securities gains is more indicative of the Company's return on assets because it more accurately reflects the return on the assets that are related to the Company's core businesses which are primarily customer relationship and customer transaction driven. The Company also believes that the return on average realized equity is more indicative of the Company's return on equity because the excluded equity relates primarily to a long term holding of a specific security. See Appendix A for a reconcilement of these non-gaap performance measures. 3 The net interest margin and efficiency ratios are presented on a fully taxable-equivalent (FTE) basis. The FTE basis adjusts for the tax-favored status of income from certain loans and investments. The Company believes this measure to be the preferred industry measurement of net interest income and provides relevant comparison between taxable and non-taxable amounts. 4 Current period tier 1 capital, total capital and tier 1 leverage ratios are estimated as of the press release date. 5 Purchased liabilities include foreign and brokered deposits, funds purchased and other short-term borrowings. Page 1

2 FINANCIAL HIGHLIGHTS Three Months Ended % Twelve Months Ended % Change Change CREDIT DATA (Dollars in thousands) Period Ended December 31 Allowance for loan losses - beginning $ 892,974 $ 941,423 (5.1) % $ 941,922 $ 930, % Allowance from acquisitions and other activity - net 173, ,844 9,324 1,764.5 Provision for loan losses 37,099 70,286 (47.2) 135, ,550 (56.8) Net charge-offs Consumer 37,287 39,469 (5.5) 105, ,451 (19.9) Real estate 6,566 9,695 (32.3) 31,279 21, Commercial 10,040 20,623 (51.3) 64, ,853 (59.0) Allowance for loan losses - ending $ 1,050,024 $ 941, $ 1,050,024 $ 941, Total net charge-offs $ 53,893 $ 69,787 (22.8) $ 201,279 $ 311,066 (35.3) Net charge-offs to average loans 0.21 % 0.35 % (40.0) 0.23 % 0.41 % (43.9) Period Ended December 31 Nonaccrual loans $ 354,241 $ 336, Restructured loans 19,049 14, Total nonperforming loans 373, , Other real estate owned (OREO) 28,619 16, Other repossessed assets 8,749 10,270 (14.8) Total nonperforming assets $ 410,658 $ 378, Total nonperforming loans to total loans 0.37 % 0.44 % (15.9) Total nonperforming assets to total loans plus OREO and other repossessed assets (14.9) Allowance to period-end loans (11.1) Allowance to nonperforming loans Page 2

3 SunTrust Banks, Inc. and Subsidiarie CONSOLIDATED BALANCE SHEETS (Dollars in thousands As of December 31 Increase/(Decrease) Amount % ASSETS Cash and due from banks $ 3,968,238 $ 3,931,653 $ 36, % Interest-bearing deposits in other banks 15,929 16,329 (400) (2.4) Trading assets 2,395,365 1,853, , Securities available for sale 1 28,941,080 25,606,884 3,334, Funds sold and securities purchased under agreements to resell 1,596,269 1,373, , Loans held for sale 6,580,223 5,552,060 1,028, Loans 101,426,172 80,732,321 20,693, Allowance for loan losses (1,050,024) (941,922) (108,102) 11.5 Net loans 100,376,148 79,790,399 20,585, Goodwill 6,806,013 1,077,638 5,728, Other intangible assets 1,061, , , Other assets 7,340,788 5,552,042 1,788, Total Assets 2 $ 159,081,504 $ 125,393,153 $ 33,688, LIABILITIES Noninterest-bearing consumer and commercial deposits $ 24,878,314 $ 21,001,324 $ 3,876, Interest-bearing consumer and commercial deposits 67,231,381 51,923,322 15,308, Total consumer and commercial deposits 92,109,695 72,924,646 19,185, Brokered deposits 6,100,911 3,184,084 2,916, Foreign deposits 5,150,645 5,080,789 69, Total deposits 103,361,251 81,189,519 22,171, Funds purchased and securities sold under agreements to repurchase 9,342,831 9,505,246 (162,415) (1.7) Other short-term borrowings 2,386,893 4,175,415 (1,788,522) (42.8) Long-term debt 22,127,166 15,313,922 6,813, Trading liabilities 985,939 1,048,543 (62,604) (6.0) Other liabilities 4,890,525 4,429, , Total liabilities 143,094, ,661,987 27,432, SHAREHOLDERS' EQUITY Preferred stock, no par value Common stock, $1.00 par value 370, ,163 76, Additional paid in capital 6,749,219 1,288,311 5,460, Retained earnings 8,118,710 7,149, , Treasury stock and other (528,558) (664,518) 135,960 (20.5) Accumulated other comprehensive income 1,276,950 1,664,092 (387,142) (23.3) Total shareholders' equity 15,986,899 9,731,166 6,255, Total Liabilities and Shareholders' Equity $ 159,081,504 $ 125,393,153 $ 33,688, Common shares outstanding 360,840, ,923,057 78,917, Common shares authorized 750,000, ,000, Treasury shares of common stock 9,737,688 12,239,700 (2,502,012) (20.4) 1 Includes net unrealized gains of $ 2,016,733 $ 2,614,512 $ (597,779) (22.9) 2 Includes earning assets of 138,938, ,519,611 26,418, Page 3

4 CONSOLIDATED STATEMENTS OF INCOME (Dollars in thousands, except per share data) Three Months Ended Twelve Months Ended December 31 Increase/(Decrease) December 31 Increase/(Decrease) Amount % Amount % Interest income $ 1,604,267 $ 1,198,936 $ 405, % $ 5,218,382 $ 4,768,842 $ 449, % Interest expense 520, , , ,533,227 1,448,539 84, NET INTEREST INCOME 1,084, , , ,685,155 3,320, , Provision for loan losses 37,099 70,286 (33,187) (47.2) 135, ,550 (178,013) (56.8) NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 1,047, , , ,549,618 3,006, , NONINTEREST INCOME Service charges on deposit accounts 196, ,298 31, , ,103 56, Trust and investment management income 160, ,622 30, , ,409 84, Retail investment services 53,185 43,637 9, , ,753 31, Other charges and fees 110,509 79,376 31, , ,311 64, Investment banking income 61,671 53,800 7, , ,480 14, Trading account profits and commissions 44,032 22,680 21, , ,878 17, Card fees 49,308 28,893 20, , ,585 33, Other noninterest income 102,189 41,265 60, , , , Securities (losses)/gains (19,377) 19,501 (38,878) (199.4) (41,691) 123,876 (165,567) (133.7) Total noninterest income 759, , , ,604,446 2,303, , NONINTEREST EXPENSE Personnel expense 612, ,171 96, ,168,313 1,944, , Net occupancy expense 78,218 60,522 17, , ,266 30, Outside processing and software 81,368 63,176 18, , ,654 39, Equipment expense 50,765 45,527 5, , ,443 6, Marketing and customer development 34,389 24,830 9, , ,280 28, Amortization of intangible assets 31,759 16,379 15, ,582 64,515 13, Merger expense 28,401-28, ,401-28, Other noninterest expense 231, ,189 73, , , , Total noninterest expense 1,148, , , ,897,038 3,400, , INCOME BEFORE INCOME TAXES 657, , , ,257,026 1,909, , Provision for income taxes 201, ,005 49, , , , NET INCOME $ 455,729 $ 342,507 $ 113, $ 1,572,901 $ 1,332,297 $ 240, Net interest income (taxable-equivalent) 1 $ 1,100,888 $ 877,501 $ 223, $ 3,743,553 $ 3,365,317 $ 378, Earnings per share Diluted Basic Cash dividends paid per common share Average shares outstanding (000s) Diluted 362, ,537 80, , ,434 21, Basic 357, ,852 78, , ,295 21, Net interest income includes the effects of taxable-equivalent adjustments using a federal tax rate of 35% and state income taxes where applicable to increase tax-exempt interest income to a taxable-equivalent basis. Page 4

5 SELECTED FINANCIAL INFORMATION Twelve Months Ended 4th Quarter 3rd Quarter 2nd Quarter 1st Quarter 4th Quarter December RESULTS OF OPERATIONS (Dollars in thousands, except per share data) Net interest income $ 1,084,204 $ 876,874 $ 872,429 $ 851,648 $ 865,520 $ 3,685,155 $ 3,320,303 Provision for loan losses 37,099 41,774 2,827 53,837 70, , ,550 Net credit income 1,047, , , , ,234 3,549,618 3,006,753 Securities (losses)/gains (19,377) (18,193) (9,048) 4,927 19,501 (41,691) 123,876 Other noninterest income 778, , , , ,571 2,646,137 2,179,125 Net credit and noninterest income 1,806,108 1,462,792 1,492,267 1,392,897 1,379,306 6,154,064 5,309,754 Noninterest expense 1,148, , , , ,794 3,897,038 3,400,616 Income before income taxes 657, , , , ,512 2,257,026 1,909,138 Provision for income taxes 201, , , , , , ,841 Net Income $ 455,729 $ 368,766 $ 386,571 $ 361,835 $ 342,507 $ 1,572,901 $ 1,332,297 Net interest income (taxable-equivalent) $ 1,100,888 $ 893,695 $ 885,066 $ 863,904 $ 877,501 $ 3,743,553 $ 3,365,317 Total revenue 1,859,891 1,521,387 1,507,731 1,458,990 1,461,573 6,347,999 5,668,318 Total revenue excluding securities gains and losses 1 1,879,268 1,539,580 1,516,779 1,454,063 1,442,072 6,389,690 5,544,442 Earnings per share Diluted $ 1.26 $ 1.30 $ 1.36 $ 1.28 $ 1.21 $ 5.19 $ 4.73 Basic Dividends paid per common share Average shares outstanding (000s) Diluted 362, , , , , , ,434 Basic 357, , , , , , ,295 SELECTED AVERAGE BALANCES (Dollars in millions) Total assets $ 156,570 $ 127,128 $ 127,287 $ 123,854 $ 124,756 $ 133,754 $ 122,325 Earning assets 136, , , , , , ,257 Unrealized gains on securities available for sale 2,057 2,055 2,804 2,580 2,364 2,372 2,343 Loans 100,137 83,753 80,936 79,905 79,370 86,214 76,138 Interest-bearing liabilities 110,679 91,402 90,680 89,792 91,213 95,668 88,748 Total deposits 101,272 83,463 83,320 80,362 81,082 87,133 80,039 Shareholders' equity 15,819 9,993 10,194 9,840 9,436 11,469 9,083 SELECTED RATIOS Net interest margin % 3.11 % 3.13 % 3.13 % 3.09 % 3.15 % 3.08 % Return on average total assets Return on average assets less net unrealized securities gains Return on average total equity Return on average realized equity CREDIT DATA (Dollars in thousands) Allowance for loan losses - beginning $ 892,974 $ 902,243 $ 936,972 $ 941,922 $ 941,423 $ 941,922 $ 930,114 Allowance from acquisitions and other activity - net 173, ,844 9,324 Provision for loan losses 37,099 41,774 2,827 53,837 70, , ,550 Net charge-offs 53,893 51,043 37,556 58,787 69, , ,066 Allowance for loan losses - ending $ 1,050,024 $ 892,974 $ 902,243 $ 936,972 $ 941,922 $ 1,050,024 $ 941,922 Net charge-offs to average loans 0.21 % 0.24 % 0.19 % 0.30 % 0.35 % 0.23 % 0.41 % Period Ended Nonaccrual loans $ 354,241 $ 263,127 $ 282,909 $ 283,918 $ 336,587 Restructured loans 19,049 19,724 18,189 18,661 14,782 Total nonperforming loans 373, , , , ,369 Other real estate owned (OREO) 28,619 10,934 14,246 18,380 16,458 Other repossessed assets 8,749 10,431 9,076 10,953 10,270 Total nonperforming assets $ 410,658 $ 304,216 $ 324,420 $ 331,912 $ 378,097 Total nonperforming loans to total loans 0.37 % 0.33 % 0.36 % 0.38 % 0.44 % Total nonperforming assets to total loans plus OREO and other repossessed assets Allowance to period-end loans Allowance to nonperforming loans SunTrust presents total revenue excluding realized securities gains/losses. The Company believes total revenue without securities gains/losses is more indicative of the Company's performance because it isolates income that is primarily customer relationship and customer transaction driven. See Appendix A for a reconcilement of this non-gaap performance measure. 2 The net interest margin is presented on a fully taxable-equivalent (FTE) and 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. 3 SunTrust presents a return on average assets and return on average realized equity which exclude realized and unrealized securities gains/losses and dividends from The Coca-Cola Company. The foregoing numbers reflect primarily adjustments to remove the effects of the Company's securities portfolio which includes the ownership by the Company of 48.3 million shares of The Coca-Cola Company. The Company uses this information internally to gauge its actual performance in the industry. The Company believes that the return on average assets less the net unrealized securities gains is more indicative of the Company's return on assets because it more accurately reflects the return on the assets that are related to the Company's core businesses which are primarily customer relationship and customer transaction driven. The Company also believes that the return on average realized equity is more indicative of the Company's return on equity because the excluded equity relates primarily to a long term holding of a specific security. See Appendix A for a reconcilement of these non-gaap performance measures. Page 5

6 CONSOLIDATED DAILY AVERAGE BALANCES, AVERAGE YIELDS EARNED AND RATES PAID (Dollars in millions; yields on taxable-equivalent basis) Three Months Ended Twelve Months Ended December 31, 2004 December 31, 2003 December 31, 2004 December 31, 2003 Average Balances Interest Interest Interest Interest Income/ Yields/ Average Income/E Yields/ Average Income/ Yields/ Average Income/ Expense Rates Balances xpense Rates Balances Expense Rates Balances Expense Assets Loans: Real estate 1-4 family $ 22,461.0 $ % $ 17,117.4 $ % $ 19,961.9 $ 1, % $ 15,689.7 $ % Real estate construction 9, , , , Real estate equity 11, , , , Real estate commercial 9, , , , Commercial 32, , , , , , Business credit card Consumer - direct 6, , , , Consumer - indirect 8, , , , Nonaccrual and restructured Total loans 100, , , , , , , Securities available for sale: Taxable 26, , , , Tax-exempt Total securities available for sale 27, , , , Funds sold and securities purchased under agreement to resell 1, , , , Loans held for sale 5, , , , Interest-bearing deposits Trading assets 2, , , , Total earning assets 136, , , , , , , , Allowance for loan losses (1,094.5) (954.2) (989.5) (950.8) Cash and due from banks 4, , , ,432.1 Premises and equipment 1, , , ,588.7 Other assets 13, , , ,655.0 Unrealized gains on securities available for sale 2, , , ,343.0 Total assets $ 156,570.1 $ 124,756.1 $ 133,754.3 $ 122,325.4 Liabilities and Shareholders' Equity Interest-bearing deposits: NOW accounts $ 16,940.7 $ % $ 12,102.3 $ % $ 13,777.5 $ % $ 11,702.0 $ % Money Market accounts 24, , , , Savings 8, , , , Consumer time 12, , , , Other time 4, , , , Total interest-bearing consumer and commercial deposits 66, , , , Brokered deposits 5, , , , Foreign deposits 4, , , , Total interest-bearing deposits 77, , , , Funds purchased and securities sold under agreements to repurchase 9, , , , Other short-term borrowings 2, , , , Long-term debt 21, , , , Total interest-bearing liabilities 110, , , , , , Noninterest-bearing deposits 24, , , ,826.9 Other liabilities 5, , , ,667.7 Shareholders' equity 15, , , ,083.0 Total liabilities and shareholders' equity $ 156,570.1 $ 124,756.1 $ 133,754.3 $ 122,325.4 Interest rate spread 2.86 % 2.81 % 2.84 % 2.78 % Yields/ Rates Net Interest Income $ 1,100.9 $ $ 3,743.6 $ 3,365.3 Net Interest Margin 3.21 % 3.09 % 3.15 % 3.08 % Page 6

7 RECONCILEMENT OF NON-GAAP MEASURES APPENDIX A TO THE PRESS RELEASE Quarter - to - Quarter Comparison YTD Comparison 4th Quarter 3rd Quarter 2nd Quarter 1st Quarter 4th Quarter December NON-GAAP MEASURES PRESENTED IN THE PRESS RELEASE (Dollars in thousands) Net income $ 455,729 $ 368,766 $ 386,571 $ 361,835 $ 342,507 $ 1,572,901 $ 1,332,297 Securities losses/(gains), net of tax 12,595 11,825 5,881 (3,203) (12,676) 27,099 (80,519) Net income excluding securities gains and losses 468, , , , ,831 1,600,000 1,251,778 The Coca-Cola Company dividend, net of tax (10,739) (10,740) (10,739) (10,740) (9,451) (42,957) (37,803) Net income excluding securities gains and losses and The Coca-Cola Company dividend $ 457,585 $ 369,851 $ 381,713 $ 347,892 $ 320,380 $ 1,557,043 $ 1,213,975 Total average assets $ 156,570,092 $ 127,127,968 $ 127,287,458 $ 123,853,747 $ 124,756,099 $ 133,754,293 $ 122,325,361 Average net unrealized securities gains (2,056,737) (2,054,978) (2,803,917) (2,580,304) (2,363,948) (2,372,246) (2,343,015) Average assets less net unrealized securities gain $ 154,513,355 $ 125,072,990 $ 124,483,541 $ 121,273,443 $ 122,392,151 $ 131,382,047 $ 119,982,346 Total average equity $ 15,818,968 $ 9,992,905 $ 10,194,201 $ 9,840,282 $ 9,435,794 $ 11,469,482 $ 9,083,026 Average other comprehensive income (1,304,553) (1,318,332) (1,804,833) (1,645,712) (1,503,355) (1,517,227) (1,486,125) Total average realized equity $ 14,514,415 $ 8,674,573 $ 8,389,368 $ 8,194,570 $ 7,932,439 $ 9,952,255 $ 7,596,901 Return on average total assets 1.16 % 1.15 % 1.22 % 1.18 % 1.09 % 1.18 % 1.09 % Impact of excluding net realized and unrealized securities gains/losses and The Coca-Cola Company dividend (0.03) (0.05) 0.01 (0.08) Return on average total assets less net realized and unrealized 1 securities gains/losses and The Coca-Cola Company dividend 1.18 % 1.18 % 1.23 % 1.15 % 1.04 % 1.19 % 1.01 % Return on average total shareholders' equity % % % % % % % Impact of excluding net unrealized securities gains Return on average realized shareholders' equity % % % % % % % Net interest income $ 1,084,204 $ 876,874 $ 872,429 $ 851,648 $ 865,520 $ 3,685,155 $ 3,320,303 FTE adjustment 16,684 16,821 12,637 12,256 11,981 58,398 45,014 Net interest income - FTE 1,100, , , , ,501 3,743,553 3,365,317 Noninterest income 759, , , , ,072 2,604,446 2,303,001 Total revenue 1,859,891 1,521,387 1,507,731 1,458,990 1,461,573 6,347,999 5,668,318 Securities losses/(gains) 19,377 18,193 9,048 (4,927) (19,501) 41,691 (123,876) Total revenue excluding securities gains and losses $ 1,879,268 $ 1,539,580 $ 1,516,779 $ 1,454,063 $ 1,442,072 $ 6,389,690 $ 5,544,442 4th Quarter YTD December SELECTED NON-GAAP OPERATING MEASURES PRESENTED IN THE PRESS RELEASE 3 (Dollars in thousands) Net income $ 455,729 $ 1,572,901 Merger expense, net of tax 18,461 18,461 Operating net income 474,190 1,591,362 Securities losses/(gains), net of tax 12,595 27,099 The Coca-Cola Company dividend, net of tax (10,739) (42,957) Operating net income excluding securities gains/ losses and The Coca-Cola Company dividend $ 476,046 $ 1,575,504 Noninterest expense $ 1,148,992 $ 3,897,038 Merger expense (28,401) (28,401) Noninterest expense excluding merger expense $ 1,120,591 $ 3,868,637 Return on average total assets 1.16 % 1.18 % Impact of excluding merger expense Operating return on average total assets % 1.19 % Return on average total shareholders' equity % % Impact of excluding merger expense Operating return on average total shareholders' equity % % Efficiency ratio % % Impact of excluding merger expense (1.53) (0.45) Operating efficiency ratio % % Diluted earnings per share $ 1.26 $ 5.19 Impact of excluding merger expense Operating diluted earnings per share $ 1.31 $ Computed by dividing annualized net income, excluding securities gains/losses and The Coca-Cola Company dividend, by average assets less net unrealized securities gains. 2 Computed by dividing annualized net income, excluding securities gains/losses and The Coca-Cola Company dividend, by average realized shareholders' equity. 3 SunTrust presents selected financial data on an operating basis that excludes merger charges. The Company believes the exclusion of the merger charges, which represent incremental costs to integrate NCF's operations, is more reflective of normalized operations. 4 Computed by dividing annualized operating net income by average total assets. 5 Computed by dividing annualized operating net income by average total shareholders' equity. Page 7

8 RECONCILEMENT OF NON-GAAP MEASURES APPENDIX A TO THE PRESS RELEASE, continued Quarter - to - Quarter Comparison 4th Quarter 4th Quarter Change % NON-GAAP DISCLOSURES FOR IMPACTS OF THREE PILLARS 1 (Dollars in millions) Average loans - reported $ 100,137 $ 79, Impact of Three Pillars - (2,243) Average loans excluding Three Pillars $ 100,137 $ 77, Average earning assets - reported $ 136,450 $ 112, Impact of Three Pillars - (2,699) Average earning assets excluding Three Pillars $ 136,450 $ 110, Average commercial loans - reported $ 32,223 $ 29, Impact of Three Pillars - (2,243) Average commercial loans excluding Three Pillars $ 32,223 $ 27, Average commercial loan yield - reported 4.45 % 3.58 % 24.3 Impact of Three Pillars Average commercial loan yield excluding Three Pillars 4.45 % 3.69 % 20.6 Net interest margin - reported 3.21 % 3.09 % 3.9 Impact of Three Pillars Net interest margin excluding Three Pillar 3.21 % 3.15 % 1.9 Quarter - to - Quarter Comparison 4th Quarter 3rd Quarter Change 4th Quarter 4th Quarter Change % % REVENUE GROWTH RATE (Dollars in thousands) Total revenue excluding securities gains and losse $ 1,879,268 $ 1,539, $ 1,879,268 $ 1,442, AVERAGE LOW COST CONSUMER AND COMMERCIAL DEPOSIT RECONCILEMENT (Dollars in thousands) Demand deposits $ 24,181,729 $ 20,490, $ 24,181,729 $ 18,586, NOW accounts 16,940,751 12,999, ,940,751 12,102, Savings 8,139,263 7,424, ,139,263 6,248, Total average low cost consumer and commercial deposit $ 49,261,743 $ 40,914, $ 49,261,743 $ 36,937, Under the provisions of FASB Interpretation No. 46, SunTrust consolidated its commercial paper conduit, Three Pillars, effective July 1, As of March 1, 2004, Three Pillars was restructured and deconsolidated. Adjustments were made to reported figures for comparability purposes. 2 Multiply by 4 to calculate sequential annualized growth or reductions discussed in the earnings call. Page 8

9 ESTIMATES OF HISTORICAL COMBINED GROWTH APPENDIX B TO THE PRESS RELEASE The 3rd Quarter 2004 and 4th Quarter 2003 figures represent SunTrust and NCF on a historical combined basis. See page 10 for a reconcilement of these historical combined amounts. STATEMENTS OF INCOME (Dollars in thousands) Quarter - to - Quarter Comparison Quarter - to - Quarter Comparison 4th Quarter 3rd Quarter Increase/(Decrease) 4th Quarter 4th Quarter Increase/(Decrease) Amount % Amount % NET INTEREST INCOME $ 1,084,204 $ 1,071,689 $ 12, % $ 1,084,204 $ 1,060,948 $ 23, % Provision for loan losses 37,099 60,818 (23,719) (39.0) 37,099 82,668 (45,569) (55.1) NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 1,047,105 1,010,871 36, ,047, ,280 68, NONINTEREST INCOME Deposit and other fees 1 356, ,573 3, , ,081 33, Trust and investment management income 160, ,603 (5,077) (3.1) 160, ,856 14, Broker / dealer revenue 2 158, ,650 26, , ,677 17, Other noninterest income 102, ,550 (4,361) (4.1) 102,189 62,324 39, Noninterest income before securities (losses)/gains 778, ,376 20, , , , Securities (losses)/gains (19,377) (16,565) (2,812) (17.0) (19,377) 22,839 (42,216) (184.8) Total noninterest income 759, ,811 17, , ,777 63, NONINTEREST EXPENSE Personnel expense 612, ,325 7, , ,575 21, Net occupancy expense 78,218 79,875 (1,657) (2.1) 78,218 73,766 4, Outside processing and software 81,368 75,449 5, ,368 69,871 11, Equipment expense 50,765 50,904 (139) (0.3) 50,765 52,926 (2,161) (4.1) Marketing and customer development 34,389 34,975 (586) (1.7) 34,389 27,574 6, Other noninterest expense 231, ,693 (11,462) (4.7) 231, ,602 30, Noninterest expense before amortization of intangible assets and merger expense 1,088,832 1,089,221 (389) (0.0) 1,088,832 1,016,314 72, Amortization of intangible assets 31,759 28,132 3, ,759 30,716 1, Merger expense 28,401-28, ,401-28, Total noninterest expense 1,148,992 1,117,353 31, ,148,992 1,047, , INCOME BEFORE INCOME TAXES 657, ,329 21, , ,027 30, Provision for income taxes 201, ,926 2, , ,019 6, NET INCOME FROM CONTINUING OPERATIONS 455, ,403 19, , ,008 23, Income from discontinued operations, net of tax (767) (100.0) NET INCOME 455, ,403 19, , ,775 22, Merger expense, net of tax 18,461-18, ,461-18, OPERATING NET INCOME $ 474,190 $ 436,403 $ 37, % $ 474,190 $ 432,775 $ 41, % REVENUE (Dollars in thousands) Net interest income $ 1,084,204 $ 1,071,689 $ 12, % $ 1,084,204 $ 1,060,948 $ 23, % FTE adjustment 3 16,684 19,063 (2,379) (12.5) 16,684 14,027 2, Net interest income - FTE 1,100,888 1,090,752 10, ,100,888 1,074,975 25, Noninterest income 759, ,811 17, , ,777 63, Total revenue 1,859,891 1,832,563 27, ,859,891 1,770,752 89, Securities losses/(gains) 19,377 16,565 2, ,377 (22,839) 42, Total revenue excluding securities gains and losses $ 1,879,268 $ 1,849,128 $ 30, % $ 1,879,268 $ 1,747,913 $ 131, % SELECTED AVERAGE BALANCES (Dollars in millions) Average Loans 4 Commercial 5 $ 32,343 $ 31,977 $ % $ 32,343 $ 33,344 $ (1,001) (3.0) % Real estate 1-4 family 22,535 21, ,535 18,213 4, Real estate commercial and construction 18,660 18, ,660 17,489 1, Real estate equity 11,016 10, ,016 8,350 2, Consumer 6 15,390 15,520 (130) (0.8) 15,390 14, Credit cards Total loans $ 100,137 $ 98,085 $ 2, % $ 100,137 $ 92,363 $ 7, % Average deposits Noninterest bearing deposits $ 24,182 $ 23,239 $ % $ 24,182 $ 21,141 $ 3, % NOW accounts 16,941 15,335 1, ,941 14,139 2, Money market accounts 24,507 24, ,507 24, Savings 8,139 9,099 (960) (10.6) 8,139 7, Consumer time 12,084 11, ,084 12,390 (306) (2.5) Other time 4,748 4, ,748 3, Total consumer and commercial deposits 90,601 87,878 2, ,601 83,789 6, Brokered and foreign deposits 10,671 11,496 (825) (7.2) 10,671 12,645 (1,974) (15.6) Total deposits $ 101,272 $ 99,374 $ 1, % $ 101,272 $ 96,434 $ 4, % SELECTED CREDIT DATA (Dollars in thousands) Nonaccrual loans $ 354,241 $ 329,340 $ 24, % $ 354,241 $ 367,276 $ (13,035) (3.5) % Restructured loans 19,049 19,724 (675) (3.4) 19,049 14,782 4, Total nonperforming loans 373, ,064 24, , ,058 (8,768) (2.3) Other real estate owned (OREO) 28,619 27,126 1, ,619 44,654 (16,035) (35.9) Other repossessed assets 8,749 15,082 (6,333) (42.0) 8,749 14,908 (6,159) (41.3) Total nonperforming assets $ 410,658 $ 391,272 $ 19, % $ 410,658 $ 441,620 $ (30,962) (7.0) % 1 Includes service charges on deposits, card and other charges and fees. 2 Includes retail investment services, investment banking income and trading account profits and commissions. 3 NCF's FTE adjustments were reduced $4,001 from the third quarter 2004 and $4,917 from the fourth quarter of 2003 to conform to SunTrust's methodology. 4 SunTrust's average nonaccrual and restructured loans are included in the respective categories to conform to the NCF presentation. 5 The historical combined 4th quarter 2003 includes $2,243 related to the consolidation of SunTrust's commercial paper conduit, Three Pillars. 6 Includes consumer direct and consumer indirect loans. Page 9

10 SUNTRUST / NCF - SELECTED HISTORICAL FINANCIAL DATA APPENDIX B TO THE PRESS RELEASE, continued SunTrust 3rd Quarter 2004 NCF 4th Quarter 2003 Historical Combined SunTrust NCF Historical Combined STATEMENTS OF INCOME (Dollars in thousands) NET INTEREST INCOME $ 876,874 $ 194,815 $ 1,071,689 $ 865,520 $ 195,428 $ 1,060,948 Provision for loan losses 41,774 19,044 60,818 70,286 12,382 82,668 NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 835, ,771 1,010, , , ,280 NONINTEREST INCOME Deposit and other fees 1 298,328 55, , ,567 49, ,081 Trust and investment management income 149,673 15, , ,622 16, ,856 Broker / dealer revenue 2 113,308 19, , ,117 21, ,677 Other noninterest income 84,576 21, ,550 41,265 21,059 62,324 Noninterest income before securities (losses)/gains 645, , , , , ,938 Securities (losses)/gains (18,193) 1,628 (16,565) 19,501 3,338 22,839 Total noninterest income 627, , , , , ,777 NONINTEREST EXPENSE Personnel expense 527,734 77, , ,171 75, ,575 Net occupancy expense 66,542 13,333 79,875 60,522 13,244 73,766 Outside processing and software 68,657 6,792 75,449 63,176 6,695 69,871 Equipment expense 43,275 7,629 50,904 45,527 7,399 52,926 Marketing and customer development 32,028 2,947 34,975 24,830 2,744 27,574 Other noninterest expense 176,020 66, , ,189 42, ,602 Noninterest expense before amortization of intangible assets 914, ,965 1,089, , ,899 1,016,314 Amortization of intangible assets 15,593 12,539 28,132 16,379 14,337 30,716 Total noninterest expense 929, ,504 1,117, , ,236 1,047,030 INCOME BEFORE INCOME TAXES 532, , , , , ,027 Provision for income taxes 164,177 34, , ,005 43, ,019 NET INCOME FROM CONTINUING OPERATIONS 368,766 67, , ,507 89, ,008 Income from discontinued operations, net of tax NET INCOME $ 368,766 $ 67,637 $ 436,403 $ 342,507 $ 90,268 $ 432,775 REVENUE (Dollars in thousands) Net interest income $ 876,874 $ 194,815 $ 1,071,689 $ 865,520 $ 195,428 $ 1,060,948 FTE adjustment 3 16,821 2,242 19,063 11,981 2,046 14,027 Net interest income - FTE 893, ,057 1,090, , ,474 1,074,975 Noninterest income 627, , , , , ,777 Total revenue 1,521, ,176 1,832,563 1,461, ,179 1,770,752 Securities losses/(gains) 18,193 (1,628) 16,565 (19,501) (3,338) (22,839) Total revenue excluding securities gains and losses $ 1,539,580 $ 309,548 $ 1,849,128 $ 1,442,072 $ 305,841 $ 1,747,913 SELECTED AVERAGE BALANCES (Dollars in millions) Average Loans 4 Commercial 5 $ 27,753 $ 4,224 $ 31,977 $ 29,484 $ 3,860 $ 33,344 Real estate 1-4 family 20,798 1,165 21,963 17, ,213 Real estate commercial and construction 14,231 3,924 18,155 13,713 3,776 17,489 Real estate equity 8,239 2,056 10,295 6,741 1,609 8,350 Consumer 6 12,574 2,946 15,520 12,074 2,738 14,812 Credit cards Total loans $ 83,753 $ 14,332 $ 98,085 $ 79,370 $ 12,993 $ 92,363 Average deposits Noninterest bearing deposits $ 20,490 $ 2,749 $ 23,239 $ 18,586 $ 2,555 $ 21,141 NOW accounts 13,000 2,335 15,335 12,102 2,037 14,139 Money market accounts 22,434 1,777 24,211 22,274 2,030 24,304 Savings 7,425 1,674 9,099 6,249 1,733 7,982 Consumer time 6,967 4,915 11,882 7,601 4,789 12,390 Other time 3, ,112 3, ,833 Total consumer and commercial deposits 74,122 13,756 87,878 70,313 13,476 83,789 Brokered and foreign deposits 9,341 2,155 11,496 10,769 1,876 12,645 Total deposits $ 83,463 $ 15,911 $ 99,374 $ 81,082 $ 15,352 $ 96,434 SELECTED CREDIT DATA (Dollars in thousands) Nonaccrual loans $ 263,127 $ 66,213 $ 329,340 $ 336,587 $ 30,689 $ 367,276 Restructured loans 19,724-19,724 14,782-14,782 Total nonperforming loans 282,851 66, , ,369 30, ,058 Other real estate owned (OREO) 10,934 16,192 27,126 16,458 28,196 44,654 Other repossessed assets 10,431 4,651 15,082 10,270 4,638 14,908 Total nonperforming assets $ 304,216 $ 87,056 $ 391,272 $ 378,097 $ 63,523 $ 441,620 1 Includes service charges on deposits, card and other charges and fees. 2 Includes retail investment services, investment banking income and trading account profits and commissions. 3 NCF's FTE adjustments were reduced $4,001 from the third quarter 2004 and $4,917 from the fourth quarter of 2003 to conform to SunTrust's methodology. 4 SunTrust's average nonaccrual and restructured loans are included in the respective categories to conform to the NCF presentation. 5 SunTrust's 4th quarter 2003 includes $2,243 related to the consolidation of its commercial paper conduit, Three Pillars. 6 Includes consumer direct and consumer indirect loans. Page 10