SunTrust Banks (STI) Tops Q4 EPS by 2c

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Go back to SunTrust Banks (STI) Tops Q4 EPS by 2c

SunTrust Reports Fourth Quarter and Full Year 2016 Results

January 20, 2017 6:00 AM EST

ATLANTA, Jan. 20, 2017 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) reported net income available to common shareholders of $448 million, or $0.90 per average common diluted share.  This compares to $0.91 for the prior quarter and $0.91 for the fourth quarter of 2015.  For the full year, earnings per share increased 1% from $3.58 in 2015 to $3.60 in 2016 driven by strong revenue growth and higher capital returns, partially offset by a higher provision expense and higher noninterest expense.

"Our performance this quarter marked a solid conclusion to a strong year for SunTrust," said William H. Rogers, Jr., chairman and... More