Exhibit 12.1

SunTrust Banks, Inc.

Ratio of Earnings to Fixed Charges and Preferred Stock Dividends

(In thousands)

	For the Year Ended December 31
	2007			2006			2005			2004			2003
Ratio 1—including deposit interest
Earnings:
Income before income taxes and extraordinary gain	$	2,249,529		$	2,986,441		$	2,866,395		$	2,257,026		$	1,909,138
Fixed charges		5,377,312			5,188,060			3,203,493			1,577,826			1,490,092
Total	$	7,626,841		$	8,174,501		$	6,069,888		$	3,834,852		$	3,399,230
Fixed charges:
Interest on deposits	$	3,660,766		$	3,464,700		$	1,832,975		$	766,188		$	771,631
Interest on funds purchased and securities sold under agreements to repurchase		440,260			543,057			312,193			108,591			106,174
Interest on other short-term borrowings		121,011			74,326			83,087			24,642			30,444
Interest on trading liabilities		15,586			15,540			11,878			5,553			3,067
Interest on long-term debt		1,078,753			1,033,932			912,210			628,253			537,223
Portion of rents representative of the interest factor ( 1/3) of rental expense		60,936			56,505			51,150			44,599			41,553
Total fixed charges	$	5,377,312		$	5,188,060		$	3,203,493		$	1,577,826		$	1,490,092
Preferred stock dividend requirements		41,678			10,901			—			—			—
Fixed charges and preferred stock dividends	$	5,418,990		$	5,198,961		$	3,203,493		$	1,577,826		$	1,490,092
Ratio of earnings to fixed charges		1.42	x		1.58	x		1.89	x		2.43	x		2.28	x
Ratio of earnings to fixed charges and preferred stock dividends		1.41	x		1.57	x		1.89	x		2.43	x		2.28	x
Ratio 2—excluding deposit interest
Earnings:
Income before income taxes and extraordinary gain	$	2,249,529		$	2,986,441		$	2,866,395		$	2,257,026		$	1,909,138
Fixed charges		1,716,546			1,734,261			1,370,518			811,638			718,461
Total	$	3,966,075		$	4,720,702		$	4,236,913		$	3,068,664		$	2,627,599
Fixed charges:
Interest on funds purchased and securities sold under agreements to repurchase	$	440,260		$	543,057		$	312,193		$	108,591		$	106,174
Interest on other short-term borrowings		121,011			74,326			83,087			24,642			30,444
Interest on trading liabilities		15,586			15,540			11,878			5,553			3,067
Interest on long-term debt		1,078,753			1,033,932			912,210			628,253			537,223
Portion of rents representative of the interest factor ( 1/3) of rental expense		60,936			56,505			51,150			44,599			41,553
Total fixed charges	$	1,716,546		$	1,723,360		$	1,370,518		$	811,638		$	718,461
Preferred stock dividend requirements		41,678			10,901			—			—			—
Fixed charges and preferred stock dividends	$	1,758,224		$	1,734,261		$	1,370,518		$	811,638		$	718,461
Ratio of earnings to fixed charges		2.31	x		2.74	x		3.09	x		3.78	x		3.66	x
Ratio of earnings to fixed charges and preferred stock dividends		2.26	x		2.72	x		3.09	x		3.78	x		3.66	x