SunTrust Banks (STI) Tops Q2 EPS by 8c

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Go back to SunTrust Banks (STI) Tops Q2 EPS by 8c

SunTrust Reports Second Quarter 2015 Results

July 17, 2015 6:00 AM EDT

ATLANTA, July 17, 2015 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) today reported net income available to common shareholders of $467 million, or $0.89 per average common diluted share compared to $0.78 per share earned in the prior quarter.  The current quarter was favorably impacted by a $0.03 per share discrete income tax benefit. 

Earnings per share increased $0.17 over the second quarter of 2014, which was negatively impacted by $0.09 per share, related to the resolution of specific legacy mortgage-related matters, partially offset by the gain on sale of RidgeWorth.  Excluding the prior-year matters, earnings per share... More