Form 8-K SUNTRUST BANKS INC For: Oct 17

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Go back to Form 8-K SUNTRUST BANKS INC For: Oct 17

SunTrust Banks (STI) Tops Q3 EPS by 2c

October 17, 2014 6:10 AM EDT

SunTrust Banks (NYSE: STI) reported Q3 EPS of $0.81, $0.02 better than the analyst estimate of $0.79. Revenue for the quarter came in at $1.92 billion versus the consensus estimate of $2.07 billion.

Third Quarter 2014 Financial Highlights

Income Statement

Net income available to common shareholders was $563 million, or $1.06 per average common diluted share; excluding the $130 million tax benefit in the current quarter, net income available to common shareholders was $433 million, or $0.81 per share.On an adjusted basis, earnings per share were flat compared to the prior quarter and increased $0.15, or 23%,... More