SunTrust Banks (STI) Tops Q4 EPS by 3c

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Go back to SunTrust Banks (STI) Tops Q4 EPS by 3c

SunTrust Reports Fourth Quarter and Full Year 2017 Results

January 19, 2018 6:00 AM EST

ATLANTA, Jan. 19, 2018 /PRNewswire/ -- For the fourth quarter of 2017, SunTrust Banks, Inc. (NYSE: STI) reported net income available to common shareholders of $710 million, or $1.48 per average common diluted share, which includes $0.39 per share of net discrete benefits from Form 8-K items announced on December 4, 2017 and the impacts of tax reform-related items summarized below.

For the full year, diluted earnings per share was $4.47, up 24% relative to 2016.  When excluding the impact of the aforementioned net discrete benefits, earnings per share was up 14% relative to 2016 as a result of strong revenue growth, improved... More