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SUNTRUST 1992 NET $413.3 MILLION; $105.7 MILLION FOR FOURTH QUARTER

 ATLANTA, Jan. 12 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) today reported that net income of the regional banking company in 1992 was $413.3 million or $3.28 per share, compared with $370.7 million or $2.90 per share in 1991.
 This was an increase of 13.1 percent in earnings per share over 1991. The return on average assets in 1992 was 1.21 percent, compared with 1.13 percent in the prior year. The 1992 return on average common shareholders' equity was 15.78 percent, compared with 15.22 percent in 1991.
 Net income in the 1992 fourth quarter was $105.7 million or $0.85 per share, compared with $95.5 million or $0.75 per share in the 1991 fourth quarter, an increase of 13.3 percent in earnings per share.
 As of Dec. 31, 1992, total assets of SunTrust were $36.6 billion, a 6.1 percent increase from the previous year-end. In other year-to-year comparisons, loans increased 5.6 percent to $22.8 billion; deposits increased 3.1 percent to $28.8 billion, while total shareholders' equity increased 6.2 percent to $2.7 billion.
 At year-end 1992, the reserve for loan losses was $455.8 million or 2.00 percent of loans, compared with $373.3 million or 1.73 percent of loans at year-end 1991. Nonperforming assets at Dec. 31, 1992, were $523.4 million, consisting of $310.0 million of nonperforming loans and $213.4 million of other real estate owned. This compares with $578.6 million at Sept. 30, 1992, consisting of $348.7 million of nonperforming loans and $229.9 million of other real estate owned. Net domestic charge-offs in 1992 were $144.2 million or 0.66 percent of average loans. At year-end 1992, the reserve was 147.0 percent of nonperforming loans.
 SUNTRUST BANKS, INC.
 Financial Highlights
 Fourth quarter 12 mos. ended 12/31
 1992 1991 1992 1991
 For the period ($ Mils)
 Net income 105.7 95.5 413.3 370.7
 Dividends paid 34.9 32.0 129.7 120.0
 Per common share ($)
 Net income 0.85 0.75 3.28 2.90
 Dividends 0.28 0.25 1.03 0.94
 Book value X X 21.65 19.92
 Book value as adjusted (a) X X 29.75 27.49
 Ratios (pct.)
 Return on avg. assets 1.21 1.14 1.21 1.13
 Return on avg. equity 15.70 14.81 15.78 15.22
 Net interest margin (taxable-
 equiv.)(b) 5.15 4.83 5.11 4.83
 Income Statement ($ Mils)
 Interest income (taxable-
 equiv.)(b) 603.9 684.5 2,516.9 2,833.9
 Interest expense 197.2 318.4 933.3 1,406.3
 Net interest income (taxable-
 equiv.) 406.7 366.1 1,583.6 1,427.6
 Prov. for loan losses 57.8 52.4 220.0 206.2
 Noninterest income 169.4 154.7 662.0 602.6
 Trust income 56.3 51.2 225.6 200.1
 Service charges on deposit
 accounts 53.4 50.6 210.3 196.8
 Securities gains (losses) 3.3 (0.2) 3.6 1.9
 Noninterest expense 352.9 320.1 1,367.8 1,245.0
 Personnel expense 173.7 160.2 689.1 626.2
 Net occupancy expense 34.1 28.7 129.0 115.0
 Equipment expense 25.5 23.8 99.6 95.8
 FDIC premiums 15.4 14.8 62.2 54.5
 Other real estate expense 6.9 6.7 35.4 21.9
 Taxable-equiv. adjustments 16.1 17.6 68.6 75.9
 Income taxes 43.6 35.2 175.9 132.4
 Net income 105.7 95.5 413.3 370.7
 Contribution to net income ($ Mils)
 SunBanks, Inc. 53.7 48.3 217.3 187.8
 Trust Company of Georgia 44.5 44.0 176.4 171.1
 Third National Corporation 13.9 12.7 58.1 50.6
 (a) Includes the pre-tax market appreciation of the company's investment in common stock of The Coca-Cola Company. ($1,010.5 million at Dec. 31, 1992.)
 (b) Net interest income and net interest margin include the effects of taxable-equivalent adjustments using a federal tax rate of 34 percent and state income taxes where applicable to increase tax-exempt interest income to a taxable-equivalent basis.
 Fourth quarter 12 mos. ended 12/31
 1992 1991 1992 1991
 Balance Sheet ($ Mils/Shrs in Mils)
 Average:
 Total assets 34,722 33,364 34,247 32,797
 Earning assets 31,410 30,080 30,979 29,535
 Loans 22,033 21,373 21,809 21,475
 Demand deposits 6,295 5,350 5,800 5,116
 Total deposits 27,911 27,131 27,611 26,557
 Shareholders' equity 2,680 2,556 2,620 2,435
 Common equivalent shares 125.0 128.0 126.2 127.8
 At 12/31:
 Total assets 36,649 34,554
 Earning assets 33,101 30,825
 Loans 22,797 21,581
 Demand deposits 6,935 5,944
 Total deposits 28,843 27,988
 Shareholders' equity 2,704 2,546
 Common shares outstanding 124.9 127.8
 Reserve for Loan Losses ($ Mils)
 Beginning balance 437.7 391.4 373.3 360.2
 Provision for loan losses 57.8 52.4 220.0 206.2
 Net domestic charge-offs (39.7) (70.6) (144.2) (194.6)
 Net international recoveries --- 0.1 0.3 1.5
 Reserve at purchased bank --- --- 6.4 ---
 Ending balance 455.8 373.3 455.8 373.3
 Domestic loan charge-off
 ratios (annualized) 0.72 1.31 0.66 0.91
 12/31/92 9/30/92 12/31/91
 Nonperforming assets ($ Mils):
 Nonperforming loans 310.0 348.7 437.1
 Other real estate owned 213.4 229.9 236.2
 Total nonperforming assets 523.4 578.6 673.3
 Ratios (percent):
 Reserve for loan losses/loans 2.00 1.99 1.73
 Reserve for loan losses/
 nonperforming loans 147.00 125.49 85.40
 Nonperforming loans/loans 1.36 1.59 2.03
 -0- 1/12/92
 /CONTACT: Jim Armstrong of SunTrust Banks, 404-588-7425/
 (STI)


CO: SunTrust Banks, Inc. ST: Georgia IN: FIN SU: ERN

CF-BN -- AT002 -- 3838 01/12/93 08:49 EST
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