SunTrust Banks (STI) Misses Q1 EPS by 6c

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Go back to SunTrust Banks (STI) Misses Q1 EPS by 6c

SunTrust Reports First Quarter 2019 Results

April 18, 2019 6:00 AM EDT

ATLANTA, April 18, 2019 /PRNewswire/ -- For the first quarter of 2019, SunTrust Banks, Inc. (NYSE: STI) reported net income available to common shareholders of $554 million, or $1.24 per average common diluted share, which includes $(0.09) per share of merger-related costs associated with the Company's previously announced proposed merger with BB&T Corporation. This compares to $1.40 for the prior quarter and $1.29 for the first quarter of 2018.

"Our performance continues to improve and this quarter was no exception, with earnings per share increasing by 3% year-over-year (excluding merger-related costs). Loan growth remains a bright spot, with average balances... More