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 2018 Results

January 18, 2019 6:00 AM EST

ATLANTA, Jan. 18, 2019 /PRNewswire/ -- For the fourth quarter of 2018, SunTrust Banks, Inc. (NYSE: STI) reported net income available to common shareholders of $632 million, or $1.40 per average common diluted share, which includes a $(0.10) per share discrete charge associated with the settlement of a legacy pension plan.

For the full year, diluted earnings per share was $5.74, up 28% relative to 2017 diluted earnings per share and up 40% relative to 2017 adjusted earnings per share. 2017 diluted earnings per share was $4.47 and included $0.39 net discrete benefits from Form 8-K items announced on December 4, 2017 and other... More