Suntrust Banks, Inc. (STI) Tops Q2 EPS by 8c

Suntrust Banks, Inc. (NYSE: STI) reported Q2 EPS of $0.81, ex-items, $0.08 better than the analyst estimate of $0.73. Revenue for the quarter came in at $2.1 billion versus the consensus estimate of $2.07 billion.

"Favorable revenue trends, particularly growth in loans, deposits and fee income, coupled with continued expense discipline and further asset quality improvements led to solid core earnings growth this quarter," said William H. Rogers, Jr., Chairman and Chief Executive Officer of SunTrust Banks, Inc. "The sale of RidgeWorth and resolution of certain legacy mortgage matters enable us to further sharpen our efforts to deepen client relationships, expand key businesses, and improve efficiency to benefit our shareholders, clients and communities."

For earnings history and earnings-related data on Suntrust Banks, Inc. (STI) click here.

You May Also Be Interested In

• Activist investor presses Xerox to review financial services arm - Bloomberg
• BMO Capital Starts American Eagle Outfitters (AEO) at Market Perform
• ASP Isotopes holds first capital markets day, targets $300M EBITDA by 2031