SunTrust Banks (STI) Tops Q2 EPS by 19c, Revenues Beat

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Go back to SunTrust Banks (STI) Tops Q2 EPS by 19c, Revenues Beat

SunTrust Reports Second Quarter 2018 Results

July 20, 2018 6:00 AM EDT

ATLANTA, July 20, 2018 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) reported net income available to common shareholders of $697 million, or $1.49 per average common diluted share.

Diluted earnings per share increased 16% compared to the prior quarter and 45% compared to the second quarter of 2017. For the first half of 2018, earnings per average common diluted share grew 43% compared to the same period a year ago.

"Our performance continues to improve and this quarter was no exception, with earnings per share increasing by 45% year-over-year," said William H. Rogers, Jr., chairman and CEO of SunTrust Banks,... More