SunTrust Reports Third Quarter 2016 Results

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Go back to SunTrust Reports Third Quarter 2016 Results

SunTrust Banks (STI) Tops Q3 EPS by 3c

October 21, 2016 6:09 AM EDT

SunTrust Banks (NYSE: STI) reported Q3 EPS of $0.91, $0.03 better than the analyst estimate of $0.88. Revenue for the quarter came in at $2.2 billion versus the consensus estimate of $2.15 billion.

ncome Statement

Net income available to common shareholders was $457 million, or $0.91 per average common diluted share, compared to $0.94 for the prior quarter and $1.00 for the third quarter of 2015.The prior quarter and prior year quarter were favorably impacted by discrete benefits of $0.05 and $0.11, respectively. Excluding these benefits, earnings per share grew 2%... More