SunTrust Banks (STI) Tops Q1 EPS by 6c
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SunTrust Reports First Quarter 2015 Results
April 20, 2015 6:00 AM EDTATLANTA, April 20, 2015 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) today reported net income available to common shareholders of $411 million, or $0.78 per average common diluted share, representing a 7% per share increase compared to the first quarter of 2014.
Earnings in the prior quarter were $378 million, or $0.72 per average common diluted share, and included a $145 million legal provision expense related to legacy mortgage matters. Excluding the impact of this expense, adjusted earnings per share for the prior quarter were $0.88.
"Continued expense discipline and strong asset quality performance, coupled with growth in... More
