SunTrust Banks (STI) Tops Q1 EPS by 3c

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Go back to SunTrust Banks (STI) Tops Q1 EPS by 3c

SunTrust Reports First Quarter 2017 Results

April 21, 2017 6:00 AM EDT

ATLANTA, April 21, 2017 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) reported net income available to common shareholders of $451 million, or $0.91 per average common diluted share, which includes $0.04 of tax benefits.  When adjusting for these benefits, earnings were $0.87, down 3% sequentially, given typical seasonality, and up 4% compared to the prior year as a result of strong 7% revenue growth and reduced shares outstanding.

"Our performance this quarter is the direct result of the investments we have been making in strengthening our franchise and diversifying our business mix," said William H. Rogers,... More