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SunTrust Banks Inc (STI.N)

STI.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

SunTrust says confident in ability to achieve 2019 goal of delivering sub-60 pct efficiency ratio - Conf Call
Tuesday, 12 Sep 2017 11:13am EDT 

Sept 12 (Reuters) - SunTrust Banks Inc :SunTrust Banks - confident in ability to achieve 2019 goal of delivering a sub-60 pct efficiency ratio - Conf call.SunTrust - as bank streamlines processes, reduces branch networks, leverage new tech, will reduce or redeploy headcount in certain areas - conf call.SunTrust - As bank continues to execute consumer segment integration strategy, will have opportunities to reduce costs, meet more client needs - conf call.SunTrust Banks - goal is for FY 2017 is to improve adjusted tangible efficiency ratio from 62 percent level in 2016 - conf call.SunTrust Banks - "over time, we expect our charge-off ratio to normalize" - Conf call.  Full Article

Suntrust board approves increase in common stock dividend
Tuesday, 8 Aug 2017 04:15pm EDT 

Aug 8 (Reuters) - Suntrust Banks Inc :Suntrust board approves increase in common stock dividend.‍Quarterly dividend of $0.40 per share declared; previous quarterly dividend was $0.26.  Full Article

Suntrust reports Q1 earnings per share $1.03
Friday, 21 Jul 2017 06:00am EDT 

July 21 (Reuters) - Suntrust Banks Inc :Suntrust Banks Inc says net interest income was $1.4 billion for current quarter, up $39 million compared to prior quarter .Suntrust reports second quarter 2017 results.Q2 revenue $2.3 billion.Suntrust banks inc - net charge-offs for current quarter were $70 million, down $42 million sequentially and $67 million year-over-year.Suntrust banks - estimated common equity tier 1 ratio estimated to be 9.7% at june 30, 2017, and 9.5% on a fully phased-in basis​.Suntrust banks inc says net interest margin for current quarter was 3.14%, compared to 3.09% in prior quarter and 2.99% in q2 of 2016.Suntrust banks - qtrly provision for credit losses was $90 million, a decrease of $29 million compared to prior quarter and $56 million compared to q2 of 2016.Suntrust banks- ‍at quarter end, book value per common share was $46.51 and tangible book value per common share $33.83, both up 2% from march 31, 2017​.Suntrust banks inc qtrly earnings per share $1.03.Q2 earnings per share view $0.99 -- Thomson Reuters I/B/E/S.Q2 revenue view $2.29 billion -- Thomson Reuters I/B/E/S.  Full Article

Suntrust to increase quarterly common stock dividend, share repurchase program
Wednesday, 28 Jun 2017 04:45pm EDT 

June 28 (Reuters) - Suntrust Banks Inc ::Suntrust to increase quarterly common stock dividend and share repurchase program.Increases quarterly dividend by 54 percent to $0.40per share.Suntrust Banks Inc - authorization to repurchase $1.32 billion of outstanding common stock.Suntrust Banks Inc - capital actions includes a 54% increase in quarterly common stock dividend from $0.26 per share.Suntrust Banks Inc - authorization to repurchase $1.32 billion of outstanding common stock between july 1, 2017 and june 30, 2018.  Full Article

Suntrust Banks Q1 revenue $2.2 billion
Friday, 21 Apr 2017 06:00am EDT 

April 21 (Reuters) - Suntrust Banks Inc :Suntrust reports first quarter 2017 results.Q1 revenue $2.2 billion.Suntrust Banks Inc says net interest margin was 3.09% in current quarter, up 9 basis points sequentially and up 5 basis points compared to prior year.Qtrly provision for credit losses increased $18 million sequentially as a result of a reserve release in prior quarter.Suntrust Banks Inc says net interest income was $1.4 billion for current quarter, an increase of $23 million and $82 million compared to prior quarter.Qtrly net charge-offs for current quarter were $112 million, down $24 million sequentially.Qtrly earnings per average common diluted share $0.91.Q1 earnings per share view $0.84, revenue view $2.21 billion -- Thomson Reuters I/B/E/S.Suntrust Banks Inc - at quarter-end book value per common share was $45.62, tangible book value per common share was $33.06, both up slightly from Dec 31, 2016.Suntrust Banks Inc says common equity tier 1 ratio was estimated to be 9.7% as of march 31, 2017.  Full Article

SunTrust to merge mortgage segment with consumer banking & private wealth management
Friday, 24 Feb 2017 09:15am EST 

SunTrust Banks Inc : Suntrust announces executive moves to build business momentum . Suntrust Banks Inc - Will align its consumer businesses by merging mortgage segment with consumer banking & private wealth management .Suntrust Banks Inc - executive appointments are effective April 3.  Full Article

SunTrust Q4 EPS $0.90
Friday, 20 Jan 2017 06:00am EST 

SunTrust Banks Inc : SunTrust reports fourth quarter and full year 2016 results . Q4 revenue $2.2 billion . Common equity tier 1 ("cet1") ratio was estimated to be 9.6 pct as of December 31, 2016, and 9.5 pct on a fully phased-in basis . SunTrust Banks Inc- quarter-end book value per common share was $45.38, tangible book value per common share was $32.95, down 3 pct and 4 pct, respectively, from Sept 30, 2016 . SunTrust Banks- net charge-offs for quarter were $136 million, or 0.38 pct of average loans on an annualized basis, up $10 million compared to prior quarter . SunTrust Banks - net interest income was $1.4 billion for quarter, increase of $35 million and $96 million versus prior quarter and prior year quarter, respectively . SunTrust Banks- net interest margin was 3.00 pct in current quarter, up 4 basis points sequentially and up 2 basis points compared to prior year quarter . Qtrly earnings per share $0.90 . Q4 earnings per share view $0.88 -- Thomson Reuters I/B/E/S .Q4 revenue view $2.19 billion -- Thomson Reuters I/B/E/S.  Full Article

Suntrust Banks entered into an agreement to sell underwriters $1 billion aggregate principal amount of 2.70% senior notes due 2022
Thursday, 1 Dec 2016 04:32pm EST 

Suntrust Banks Inc :Suntrust Banks says on Nov 28, entered into an agreement to sell underwriters $1 billion aggregate principal amount of 2.70% senior notes due 2022 - SEC filing.  Full Article

Suntrust Banks Inc raises qtrly dividend to $0.26 per share
Tuesday, 9 Aug 2016 01:55pm EDT 

Suntrust Banks Inc : Suntrust announces increase in common stock dividend . Previous quarterly dividend was $0.24 .Quarterly cash dividend of $0.26 per common share was declared payable on September 15.  Full Article

Suntrust Banks Q2 EPS $0.94
Friday, 22 Jul 2016 06:00am EDT 

Suntrust Banks Inc : Suntrust Banks Inc says net interest income was $1.3 billion for current quarter, an increase of $5 million compared to prior quarter . Suntrust Banks Inc Q2 provision for credit losses increased sequentially and compared to prior year, due to higher energy-related charge-offs, loan growth . Net charge-offs for current quarter were $137 million, up $52 million and $50 million compared to prior quarter and q2 of 2015, respectively . Suntrust reports second quarter 2016 results . Suntrust Banks Inc Q2 revenue $2.2 billion . Suntrust Banks Inc Qtrly earnings per share $0.94 . Suntrust banks inc says net interest margin for current quarter was 2.99%, compared to 3.04% in prior quarter . An 8 pct increase in quarterly common stock dividend from $0.24 per share to $0.26 per share .Q2 earnings per share view $0.88 -- Thomson Reuters I/B/E/S.  Full Article

BRIEF-SunTrust announces sale of Premium Assignment Corporation

* SunTrust announces sale of Premium Assignment Corporation Source text for Eikon: Further company coverage: