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SunTrust Banks Inc (STI.N)

STI.N on New York Stock Exchange

67.49USD
22 Jun 2018
Change (% chg)

$-1.18 (-1.72%)
Prev Close
$68.67
Open
$69.09
Day's High
$69.16
Day's Low
$67.35
Volume
1,695,359
Avg. Vol
779,911
52-wk High
$73.33
52-wk Low
$51.96

Latest Key Developments (Source: Significant Developments)

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

Suntrust Banks Inc raises qtrly dividend to $0.26 per share
Tuesday, 9 Aug 2016 

Suntrust Banks Inc : Suntrust announces increase in common stock dividend . Previous quarterly dividend was $0.24 .Quarterly cash dividend of $0.26 per common share was declared payable on September 15.  Full Article

Suntrust Banks Q2 EPS $0.94
Friday, 22 Jul 2016 

Suntrust Banks Inc : Suntrust Banks Inc says net interest income was $1.3 billion for current quarter, an increase of $5 million compared to prior quarter . Suntrust Banks Inc Q2 provision for credit losses increased sequentially and compared to prior year, due to higher energy-related charge-offs, loan growth . Net charge-offs for current quarter were $137 million, up $52 million and $50 million compared to prior quarter and q2 of 2015, respectively . Suntrust reports second quarter 2016 results . Suntrust Banks Inc Q2 revenue $2.2 billion . Suntrust Banks Inc Qtrly earnings per share $0.94 . Suntrust banks inc says net interest margin for current quarter was 2.99%, compared to 3.04% in prior quarter . An 8 pct increase in quarterly common stock dividend from $0.24 per share to $0.26 per share .Q2 earnings per share view $0.88 -- Thomson Reuters I/B/E/S.  Full Article

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Bank investors await U.S. stress test results for capital returns

NEW YORK U.S. investors expect banks and other financial institutions to announce large returns of capital to shareholders after the Federal Reserve publishes the first set of results from its annual “stress test” late Thursday.