SunTrust Banks (STI) Tops Q3 EPS by 17c, Revenues Miss

SunTrust Banks (NYSE: STI) reported Q3 EPS of $1.56, $0.17 better than the analyst estimate of $1.39. Revenue for the quarter came in at $2.35 billion versus the consensus estimate of $2.35 billion.

"Our performance this quarter provides further validation of our successful execution against the Company's key strategies. Our focus on efficiency continues to drive good results, with the year-to-date tangible efficiency ratio improving by 150 basis points. Additionally, our commitment to investing in growth to meet more client needs is driving good loan growth which helped offset lower noninterest income," said William H. Rogers, Jr., chairman and CEO of SunTrust Banks, Inc. "We have revenue momentum going into the fourth quarter of the year, and 2018 is on track to be the seventh consecutive year of growth in earnings per share, improved efficiency, and higher capital returns."

For earnings history and earnings-related data on SunTrust Banks (STI) click here.

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