SunTrust (STI) Passes Fed's Stress Test

SunTrust Banks, Inc. (NYSE: STI) announced that the Federal Reserve completed its annual review of SunTrust's capital plan, submitted in January in connection with the Comprehensive Capital Analysis and Review (CCAR).

The Federal Reserve review showed that SunTrust's capital exceeded requirements throughout the Supervisory Stress Test time horizon without any capital actions. As a result of this review, SunTrust will not be increasing its return of capital to shareholders at this time; however, SunTrust expects to:

• Maintain its current quarterly common stock dividend of $0.05 per share.
  
  
• Redeem certain trust preferred securities at such time as their governing documents permit, including when these securities are no longer expected to qualify as Tier 1 capital.

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