SunTrust Bank sought to reassure investors rattled by a steep drop in its share price this week that it doesn't plan to cut its dividend, issue more stock or take a bigger-than-expected hit from bad loans.

The Atlanta-based bank said Friday afternoon that it was "reaffirming certain statements" made in recent months to investors, including guidance indicating that it will convert a nearly $2 billion chunk of Coca-Cola stock into the type of core reserves that are closely watched by bank regulators.

SunTrust's statement was issued Friday afternoon as its stock seemed headed for its fourth consecutive decline of the week. SunTrust's stock, which had been down about 4 percent shortly before the announcement, to $33.92, immediately jumped about $2 a share after the statement.

SunTrust's stock closed Friday at $37.27, up 5.5 percent for the day.

Before the news, SunTrust's shares had plummeted roughly 25 percent this week as a number of industry analysts issued warnings that it and other banks face deeper problems from the credit crisis.

JP Morgan's Vivek Juneja was the latest to join the group, saying in a report Friday that SunTrust, the largest Georgia-based bank, had the lowest reserves for losses on bad loans among the eight major banks he examined.

"Loan loss reserve ratios are rising for the industry but still below the levels seen in the early 1990s," said Juneja, referring to the period when banks and thrifts similarly had to boost bad loan reserves to deal with fallout from the savings and loan crisis that started in the mid-1980s.

Friday, SunTrust stuck by its earlier guidance, saying its second-quarter charges related to bad loans will be up 15 percent to 20 percent from the $297.2 million net charge-offs it reported for the first quarter.

Referring to the expected Coca-Cola move, the bank said it plans to "discuss the previously outlined capital-related transactions" when it reports its second-quarter financial results on July 22.

SunTrust said it expects the transaction involving the Coke stock to boost its so-called "Tier 1" capital ratio above 8 percent — higher than banking regulators' minimum.

"Given our capital ratios and current views on credit, we do not anticipate modifying our current dividend or issuing additional shares of common stock," SunTrust said.