SunTrust Banks (STI) Tops Q2 EPS by 6c

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Go back to SunTrust Banks (STI) Tops Q2 EPS by 6c

SunTrust Reports Second Quarter 2016 Results

July 22, 2016 6:00 AM EDT

ATLANTA, July 22, 2016 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) reported net income available to common shareholders of $475 million, or $0.94 per average common diluted share.   This quarter was favorably impacted by $0.05 per share of discrete benefits (details can be found on page 2).

Earnings per share increased 12% compared to the prior quarter and 6% compared to the second quarter of 2015.  For the first half of 2016, earnings per share grew 7% compared to the same period a year ago.

"Our performance this quarter is further indication of our ability to deliver on our... More