SunTrust Banks (STI) Tops Q1 EPS by 9c

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Go back to SunTrust Banks (STI) Tops Q1 EPS by 9c

SunTrust Reports First Quarter 2016 Results

April 22, 2016 6:00 AM EDT

ATLANTA, April 22, 2016 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) reported net income available to common shareholders of $430 million, or $0.84 per average common diluted share.  This compares to $0.91 per share in the prior quarter, which was favorably impacted by discrete items totaling $0.03 per share, and $0.78 per share in the first quarter of 2015.  Earnings per share for the current quarter increased 8% compared to a year ago.

"We delivered solid revenue growth this quarter as we continued to meet more client needs across each of our businesses, benefiting from our diverse business model... More