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SunTrust Banks Inc (STI.N)

STI.N on New York Stock Exchange

62.66USD
16 Nov 2018
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Latest Key Developments (Source: Significant Developments)

SunTrust Banks Reports Q3 Revenue $2.3 Billion
Friday, 19 Oct 2018 

Oct 19 (Reuters) - SunTrust Banks Inc ::SUNTRUST REPORTS THIRD QUARTER 2018 RESULTS.Q3 REVENUE $2.3 BILLION VERSUS I/B/E/S VIEW $2.35 BILLION.QTRLY EARNINGS PER SHARE $1.56.SUNTRUST BANKS - QUARTER END BOOK VALUE PER COMMON SHARE $48.00, TANGIBLE BOOK VALUE PER COMMON SHARE WAS $34.51, BOTH UP SLIGHTLY FROM JUNE 30, 2018.QTRLY NET INTEREST INCOME $1,512 MILLION COMPARED TO $1,430 MILLION REPORTED LAST YEAR.NET CHARGE-OFFS WERE $88 MILLION DURING CURRENT QUARTER, UP $15 MILLION COMPARED TO PRIOR QUARTER AND $10 MILLION COMPARED TO Q3 OF 2017.NET INTEREST MARGIN WAS 3.27% IN CURRENT QUARTER, DOWN 1 BASIS POINT SEQUENTIALLY & UP 12 BASIS POINTS VERSUS PRIOR YEAR.SUNTRUST BANKS - QTRLY PROVISION FOR CREDIT LOSSES WAS $61 MILLION IN CURRENT QUARTER, SEQUENTIAL INCREASE OF $29 MILLION & YEAR-OVER-YEAR DECREASE OF $59 MILLION.Q3 EARNINGS PER SHARE VIEW $1.39 -- THOMSON REUTERS I/B/E/S.  Full Article

SunTrust Banks Reports Quarterly Earnings Per Share Of $1.49
Friday, 20 Jul 2018 

July 20 (Reuters) - SunTrust Banks Inc ::SUNTRUST REPORTS SECOND QUARTER 2018 RESULTS.Q2 REVENUE $2.3 BILLION VERSUS I/B/E/S VIEW $2.32 BILLION.QUARTERLY EARNINGS PER SHARE $1.49.COMMON EQUITY TIER 1 RATIO WAS ESTIMATED TO BE 9.7% AS OF JUNE 30, 2018, SLIGHTLY LOWER THAN PRIOR QUARTER, DUE TO LOAN GROWTH.SUNTRUST BANKS - QUARTER-END BOOK VALUE PER COMMON SHARE WAS $47.70 AND TANGIBLE BOOK VALUE PER COMMON SHARE WAS $34.40, BOTH UP 1% FROM MARCH 31, 2018.NET INTEREST MARGIN WAS 3.28% IN CURRENT QUARTER, UP 4 BASIS POINTS SEQUENTIALLY.NET CHARGE-OFFS WERE $73 MILLION DURING THE CURRENT QUARTER, A DECREASE OF $6 MILLION COMPARED TO THE PRIOR QUARTER.QTRLY NET INTEREST INCOME $1,488 MILLION VERSUS $1,403 MILLION REPORTED LAST YEAR.Q2 EARNINGS PER SHARE VIEW $1.31 -- THOMSON REUTERS I/B/E/S.QTRLY PROVISION FOR CREDIT LOSSES $32 MILLION VERSUS $90 MILLION A YEAR EARLIER.  Full Article

Suntrust To Increase Quarterly Common Stock Dividend And Share Repurchase Program
Thursday, 28 Jun 2018 

June 28 (Reuters) - SunTrust Banks Inc ::SUNTRUST TO INCREASE QUARTERLY COMMON STOCK DIVIDEND AND SHARE REPURCHASE PROGRAM.SUNTRUST BANKS - CAPITAL PLAN INCLUDES 25% INCREASE IN QUARTERLY COMMON STOCK DIVIDEND FROM $0.40 PER SHARE TO $0.50 PER SHARE, BEGINNING IN Q3 OF 2018.SUNTRUST BANKS - CAPITAL PLAN INCLUDES AUTHORIZATION TO REPURCHASE $2.0 BILLION OF OUTSTANDING COMMON STOCK BETWEEN JULY 1, 2018 AND JUNE 30, 2019.SUNTRUST BANKS - FEDERAL RESERVE BOARD HAS NO OBJECTIONS TO COMPANY'S PLANNED CAPITAL ACTIONS.  Full Article

Suntrust Banks Qtrly Earnings Per Share $1.29
Tuesday, 24 Apr 2018 

April 24 (Reuters) - SunTrust Banks Inc ::QTRLY EARNINGS PER SHARE $1.29.QTRLY NET INTEREST MARGIN WAS 3.24 PERCENT, UP 15 BASIS POINTS.QTRLY NET INTEREST INCOME $1,441 MILLION VERSUS $1,366 MILLION.SUNTRUST BANKS - EXPECTS TO REPURCHASE ABOUT $330 MILLION OF ADDITIONAL COMMON STOCK OVER NEXT QUARTER IN ACCORDANCE WITH 2017 CAPITAL PLAN.COMMON EQUITY TIER 1 RATIO WAS ESTIMATED TO BE 9.9% AS OF MARCH 31, 2018, SLIGHTLY HIGHER THAN PRIOR QUARTER.BOOK VALUE PER COMMON SHARE WAS $47.14 AND TANGIBLE BOOK VALUE PER COMMON SHARE WAS $33.97 AT QUARTER-END.APPLICATION OF ASU 2016-01 RESULTED IN A $23 MILLION INCREASE IN OTHER ASSETS ON CONSOLIDATED BALANCE SHEETS DURING QUARTER.NET CHARGE-OFFS FOR CURRENT QUARTER WERE $79 MILLION, DOWN $33 MILLION YEAR-OVER-YEAR.QTRLY PROVISION FOR CREDIT LOSSES DECREASED $51 MILLION SEQUENTIALLY AND $91 MILLION YEAR-OVER-YEAR.SUNTRUST BANKS - APPLICATION OF ASU 2016-01 ALSO RESULTED IN CORRESPONDING $23 MILLION INCREASE IN NONINTEREST INCOME DURING QUARTER.Q2 EARNINGS PER SHARE VIEW $1.30 -- THOMSON REUTERS I/B/E/S.SUNTRUST BANKS - UPON ADOPTION OF ASU 2018-02, ELECTED TO RECLASSIFY ABOUT $154 MILLION OF STRANDED TAX EFFECTS FROM AOCI TO RETAINED EARNINGS.RECORDED A PROVISION FOR INCOME TAXES OF $147 MILLION IN QUARTER, COMPARED TO AN INCOME TAX PROVISION OF $159 MILLION FOR Q1 OF 2017.  Full Article

Suntrust Banks - Offering Identity Protection For All Current And New Consumer Clients At No Cost On An Ongoing Basis
Friday, 20 Apr 2018 

April 20 (Reuters) - SunTrust Banks Inc ::SUNTRUST BANKS - OFFERING IDENTITY PROTECTION FOR ALL CURRENT AND NEW CONSUMER CLIENTS AT NO COST ON AN ONGOING BASIS.  Full Article

Suntrust Reports Qtrly Net Interest Income Of $1,441 Million Versus $1,366 Million
Friday, 20 Apr 2018 

April 20 (Reuters) - SunTrust Banks Inc ::SUNTRUST REPORTS FIRST QUARTER 2018 RESULTS.Q1 REVENUE $2.3 BILLION VERSUS I/B/E/S VIEW $2.28 BILLION.QTRLY NET INCOME AVAILABLE TO COMMON SHAREHOLDERS OF $1.29 PER AVERAGE COMMON DILUTED SHARE.QTRLY NET INTEREST INCOME OF $1,441 MILLION VERSUS $1,366 MILLION.SUNTRUST BANKS - NET INTEREST MARGIN WAS 3.24% IN CURRENT QUARTER, UP 7 BASIS POINTS SEQUENTIALLY AND UP 15 BASIS POINTS COMPARED TO PRIOR YEAR.COMMON EQUITY TIER 1 ("CET1") RATIO WAS ESTIMATED TO BE 9.8% AS OF MARCH 31, 2018, SLIGHTLY HIGHER THAN PRIOR QUARTER.SUNTRUST BANKS - QUARTER-END BOOK VALUE PER COMMON SHARE WAS $47.14 & TANGIBLE BOOK VALUE PER COMMON SHARE WAS $33.97, BOTH DOWN 2% FROM DECEMBER 31, 2017.QTRLY PROVISION FOR CREDIT LOSSES DECREASED $51 MILLION SEQUENTIALLY AND $91 MILLION YEAR-OVER-YEAR.SUNTRUST BANKS - NET CHARGE-OFFS FOR CURRENT QUARTER WERE $79 MILLION, OR 0.22% OF TOTAL AVERAGE LHFI ON AN ANNUALIZED BASIS, DOWN $28 MILLION SEQUENTIALLY.Q1 EARNINGS PER SHARE VIEW $1.11 -- THOMSON REUTERS I/B/E/S.  Full Article

SunTrust Q4 Earnings Per Share $1.48
Friday, 19 Jan 2018 

Jan 19 (Reuters) - Suntrust Banks Inc ::SUNTRUST REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS.Q4 REVENUE $2.3 BILLION VERSUS I/B/E/S VIEW $2.3 BILLION.Q4 EARNINGS PER SHARE $1.48.- ‍NET INTEREST MARGIN WAS 3.17% IN CURRENT QUARTER, UP 2 BASIS POINTS SEQUENTIALLY AND UP 17 BASIS POINTS COMPARED TO PRIOR YEAR​.SUNTRUST BANKS - QTRLY REPORTED NET INCOME AVAILABLE TO SHAREHOLDERS INCLUDES $0.39 PER SHARE OF NET DISCRETE BENEFITS.SUNTRUST BANKS QTRLY NET CHARGE-OFFS $107 MILLION, DOWN $29 MILLION FROM LAST YEAR.- ‍COMMON EQUITY TIER 1 RATIO WAS ESTIMATED TO BE 9.8% AS OF DECEMBER 31, 2017, AND 9.6% ON A FULLY PHASED-IN BASIS​.- ‍QTR-END TANGIBLE BOOK VALUE PER COMMON SHARE WAS $34.82, UP 1% FROM SEPT 30, 2017​.SUNTRUST BANKS QTRLY PROVISION FOR CREDIT LOSSES $79 MILLION, DOWN $41 MILLION SEQUENTIALLY DUE PRIMARILY TO PRIOR QUARTER RESERVE BUILD RELATED TO HURRICANES.- ‍NET INTEREST INCOME WAS $1.5 BILLION FOR CURRENT QUARTER, AN INCREASE OF $5 MILLION COMPARED TO PRIOR QUARTER.  Full Article

SunTrust reports Q3 revenue of $2.3 billion
Friday, 20 Oct 2017 

Oct 20 (Reuters) - SunTrust Banks Inc :SunTrust reports third quarter 2017 results.Q3 revenue $2.3 billion versus I/B/E/S view $2.31 billion.SunTrust Banks Inc qtrly earnings per share ‍$1.06​.SunTrust Banks Inc - ‍Net charge-offs were $78 million during current quarter, an increase of $8 million compared to prior quarter​.SunTrust Banks Inc - ‍Provision for credit losses was $120 million in current quarter, an increase of $30 million compared to prior quarter​.SunTrust Banks Inc - ‍Net interest income was $1.5 billion for current quarter, an increase of $28 million compared to prior quarter​.SunTrust Banks - At quarter end, ‍book value per common share was $47.16, tangible book value per common share was $34.34, up 1%, 2%, respectively, from June 30.SunTrust Banks Inc - ‍Net interest margin for current quarter was 3.15%, compared to 3.14% in prior quarter​.Q3 earnings per share view $1.05 -- Thomson Reuters I/B/E/S.SunTrust Banks - Expects to repurchase about $1 billion of additional common stock over next 3 qtrs in accordance with 2017 capital plan​.  Full Article

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Federal Reserve unveils proposal to ease regulations for larger banks

WASHINGTON The Federal Reserve said on Wednesday it wants to ease regulations for U.S. lenders with less than $700 billion in assets, a way to lessen the burden on big commercial lenders that do not have volatile Wall Street businesses.