SunTrust Banks (STI) Tops Q4 EPS by 1c

SunTrust Banks (NYSE: STI) reported Q4 EPS of $0.88, $0.01 better than the analyst estimate of $0.87. Revenue for the quarter came in at $2.05 billion versus the consensus estimate of $2.04 billion.

Balance Sheet

• Average loan balances increased 2% sequentially with growth across most loan categories.
• Average consumer and commercial deposits increased 2% sequentially and 8% compared to the prior year.

Capital

• Estimated capital ratios continue to be well above regulatory requirements. The Common Equity Tier 1 and Tier 1 capital ratios were estimated to be 9.8% and 10.6%, respectively, as of December 31, 2015, on a fully phased-in basis.
• During the quarter, the Company repurchased $214 million of common stock.
• Book value per share was $43.66, and tangible book value per share was $31.65, up 5% and 6%, respectively, compared to December 31, 2014.

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

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