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From the last 10K I did a search

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A Truist Story About the Perils Of Combining Company Names -- WSJ Dow Jones News - 6/14/2019 3:02:00 AM
A Truist Story About the Perils of Combining Company Names Dow Jones News - 6/13/2019 10:06:00 PM
A Truist Story About the Perils of Combining Company Names Dow Jones News - 6/13/2019 6:49:00 PM
Truist Financial Is New Name for Combined BB&T, SunTrust Dow Jones News - 6/12/2019 5:42:00 PM
Truist Financial Is New Name for Combined BB&T, SunTrust Dow Jones News - 6/12/2019 4:20:00 PM
Merger of Equals Between BB&T and SunTrust Will Create Truist PR Newswire (US) - 6/12/2019 3:00:00 PM
Merger of Equals Between BB&T and SunTrust Will Create Truist PR Newswire (US) - 6/12/2019 3:00:00 PM
BB&T, SunTrust Choose Hearst Tower in Charlotte for Headquarters -- Update Dow Jones News - 6/12/2019 1:43:00 PM
BB&T, SunTrust Choose Hearst Tower in Charlotte for Headquarters Dow Jones News - 6/12/2019 11:00:00 AM
BB&T and SunTrust choose building in Charlotte for new headquarters PR Newswire (US) - 6/12/2019 10:00:00 AM
Cousins Properties Signs 561,000 Square-Foot Lease For The Proposed Combined BB&T And SunTrust Corporate Headquarters In Char... PR Newswire (US) - 6/12/2019 10:00:00 AM
SunTrust Doubles Community Investment in Atlanta to $300 Million Over Next Three Years PR Newswire (US) - 6/5/2019 6:00:00 AM
Money Management International Announces $1,475,000 Grant from the SunTrust Foundation PR Newswire (US) - 5/29/2019 9:00:00 AM
"Doorbells Before Wedding Bells" - SunTrust Survey Finds Millennials Are Buying Homes on Their Own Terms PR Newswire (US) - 5/28/2019 9:00:00 AM
SunTrust to Speak at the Bernstein Strategic Decisions Conference PR Newswire (US) - 5/20/2019 2:20:00 PM
SunTrust to Announce Second Quarter 2019 Earnings Results Thursday, July 18, 2019 PR Newswire (US) - 5/14/2019 4:35:00 PM
SunTrust Invests $10 Million in Support of Affordable Housing Development in the Washington, D.C. Region PR Newswire (US) - 5/8/2019 4:37:00 PM
SunTrust Opens Private Wealth Management Office in Boston PR Newswire (US) - 5/6/2019 9:00:00 AM
SunTrust Foundation Awards $250,000 in Grants to 10 Westside Atlanta Nonprofits through Beloved Benefit PR Newswire (US) - 5/2/2019 2:09:00 PM
U.S. Small Business Owners Confident in their Business and the U.S. Economy PR Newswire (US) - 5/1/2019 9:00:00 AM
BB&T and SunTrust CEOs Discuss Merger of Equals PR Newswire (US) - 4/25/2019 10:00:00 AM
SunTrust and BB&T CEOs Discuss Merger of Equals PR Newswire (US) - 4/25/2019 10:00:00 AM
SunTrust Declares Quarterly Dividend PR Newswire (US) - 4/23/2019 4:30:00 PM
SunTrust Shareholders Elect Paul Donahue to Board of Directors PR Newswire (US) - 4/23/2019 4:10:00 PM
BB&T, SunTrust Still Grapple With Name Game -- WSJ Dow Jones News - 4/19/2019 3:02:00 AM
MWM Member Level  Friday, 06/11/10 10:39:48 AM
Re: None
Post # of 65 
From the last 10K I did a search for the word Florida, very interesting to ay the least...


On February 1, 2010, S&P downgraded our senior, long-term debt Bank and Parent Company ratings from A- and BBB+, respectively, to BBB+ and BBB, respectively. Our short-term ratings remained unchanged at A-2. S&P cited expectations of continued stress in and high exposure to residential mortgages, especially in Florida, as the primary factor in its decision to downgrade our long-term ratings. However, concurrent with the downgrade, S&P changed the outlook on our credit ratings to “stable” noting our strong franchise, good liquidity and funding profile, and commercial loan portfolio performance that was in line with their expectations. Our business activities have not been materially impacted as a result of this recent downgrade by S&P.

In addition, we experienced some weakness in our commercial client base, particularly those in more cyclically sensitive industries, and in our small business portfolio, and we expect that we will continue to see stress in asset quality in the commercial portfolio. The $1.7 billion increase in net charge-offs during the year was primarily related to residential mortgages, large corporate borrowers in economically cyclical industries, and the resolution of loan workouts related to the home builder portfolio. Our nonperforming loans grew by $1.5 billion during 2009, which is a result of the economic environment causing increased client defaults on their loans and extended disposition times on our consumer loans secured by residential real estate. Given the extended timelines to foreclose, especially in Florida, we expect that our nonperforming loan levels will remain elevated throughout 2010.

Nonperforming residential mortgages are primarily collateralized by one-to-four family residential properties. Approximately 84% of the nonperforming loans relate to properties in our footprint; approximately 52% of such nonperforming loans are in Florida. Approximately 75% of the nonperforming residential mortgages have been on nonaccrual status for at least six months. We have reached a point where growth in residential mortgage nonperforming loans has slowed as we are approaching the equilibrium point where the nonperforming loan outflow from foreclosures is offsetting the inflow from new nonperforming loans. Approximately 52% of the nonperforming home equity lines were from lines originated by third parties, lines in Florida with combined LTVs greater than 80%, or lines in other states with combined LTVs greater than 90%. Beginning in 2006, we tightened the underwriting standards applicable to many of the residential loan products offered.

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