Edition:
United States

SunTrust Banks Inc (STI.N)

STI.N on New York Stock Exchange

54.18USD
4:02pm EDT
Change (% chg)

$-0.22 (-0.40%)
Prev Close
$54.40
Open
$54.01
Day's High
$54.80
Day's Low
$53.38
Volume
1,784,898
Avg. Vol
1,139,732
52-wk High
$61.68
52-wk Low
$35.11

Latest Key Developments (Source: Significant Developments)

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

Suntrust to increase quarterly common stock dividend, share repurchase program
Wednesday, 29 Jun 2016 05:00pm EDT 

Suntrust Banks Inc : Suntrust to increase quarterly common stock dividend and share repurchase program . Maintaining dividend payments on company's preferred stock . Capital actions include 8% increase in quarterly common stock dividend from $0.24 per share to $0.26 per share . Suntrust Banks Inc says authorization to repurchase $960 million of outstanding common stock between July 1, 2016 and June 30, 2017 .Federal reserve has completed its review of company's capital plan and has no objections to planned capital actions.  Full Article

Suntrust Banks Inc declares quarterly dividend
Tuesday, 26 Apr 2016 11:31am EDT 

Suntrust Banks Inc:Declared a regular quarterly cash dividend of $0.24 per common share.Dividend is payable on June 15 to shareholders of record date as on May 31.  Full Article

Suntrust Banks Inc - U.S. to charge Iran in cyber attacks against banks, New York dam-sources - Reuters News
Wednesday, 23 Mar 2016 05:30pm EDT 

Suntrust Banks Inc:The Obama administration is expected to blame Iranian hackers as soon as Thursday for a coordinated campaign of cyber attacks in 2012 and 2013 on several U.S. banks and a New York dam, sources familiar with the matter have told Reuters. - RTRS.The Justice Department has prepared an indictment against about a half-dozen Iranians, said the sources, who spoke on condition of anonymity due to the sensitivity of the matter.The charges, related to unlawful access to computers and other alleged crimes, were expected to be announced publicly by U.S. officials as soon as Thursday morning at a news conference in Washington, the sources said.The indictment was expected to directly link the hacking campaign to the Iranian government, one source said.The banks will not be identified in the indictment due to fear of retaliation, the source said.The dam breach coincided roughly with a spate of distributed denial of service attacks in 2012 that hit more than a half dozen U.S. financial institutions and the two episodes were long suspected of being connected.Cyber security experts have said these, too, were perpetrated by Iranian hackers against Bank of America, JPMorgan Chase, Capital One, PNC Financial Services and SunTrust Bank.In the intrusion of the dam computers, the hackers did not gain operational control of the floodgates, and investigators believe they were attempting to test their capabilities.  Full Article

SunTrust Banks, Inc declares dividend
Tuesday, 9 Feb 2016 09:44am EST 

SunTrust Banks, Inc:Declares regular quarterly cash dividend of $0.24 per common share.Payable on March 15, 2016, to shareholders of record at the close of business on February 26, 2016divi.  Full Article

SunTrust Banks Inc declares regular quarterly cash dividend
Tuesday, 10 Nov 2015 02:06pm EST 

SunTrust Banks Inc:Declares a regular quarterly cash dividend of $0.24 per common share.Payable on Dec. 15, to shareholders of record at the close of business on Nov. 30.  Full Article

More From Around the Web