SunTrust Banks (STI) Tops Q3 EPS by 5c

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Go back to SunTrust Banks (STI) Tops Q3 EPS by 5c

SunTrust Reports Third Quarter 2015 Results

October 16, 2015 6:00 AM EDT

ATLANTA, Oct. 16, 2015 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) reported net income available to common shareholders of $519 million, or $1.00 per average common diluted share.  This compares to $0.89 per share in the prior quarter and $1.06 and $0.81 per share in the third quarter of 2014, on a reported and adjusted basis, respectively.  The current quarter was favorably impacted by $0.07 per share in discrete tax benefits and $0.04 per share in recoveries related to the resolution of previous mortgage matters.  Earnings per share, when excluding the net $0.11 per share benefit of these items, grew... More