SunTrust Reports Second Quarter 2018 Results
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SunTrust Banks (STI) Tops Q2 EPS by 19c, Revenues Beat
July 20, 2018 6:04 AM EDTSunTrust Banks (NYSE: STI) reported Q2 EPS of $1.49, $0.19 better than the analyst estimate of $1.30. Revenue for the quarter came in at $2.34 billion versus the consensus estimate of $2.33 billion.
Income Statement
Net income available to common shareholders was $697 million, or $1.49 per average common diluted share, compared to $1.29 for the prior quarter and $1.03 for the second quarter of 2017.Total revenue increased 4% sequentially and 3% year-over-year. These increases were driven largely by higher net interest income as a... More