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BRIEF-SunTrust reports Q3 revenue of $2.3 billion
October 20, 2017 / 11:14 AM / in a month

BRIEF-SunTrust reports Q3 revenue of $2.3 billion

Oct 20 (Reuters) - SunTrust Banks Inc

* SunTrust reports third quarter 2017 results

* Q3 revenue $2.3 billion versus I/B/E/S view $2.31 billion

* SunTrust Banks Inc qtrly earnings per share ‍$1.06​

* SunTrust Banks Inc - ‍Net charge-offs were $78 million during current quarter, an increase of $8 million compared to prior quarter​

* SunTrust Banks Inc - ‍Provision for credit losses was $120 million in current quarter, an increase of $30 million compared to prior quarter​

* SunTrust Banks Inc - ‍Net interest income was $1.5 billion for current quarter, an increase of $28 million compared to prior quarter​

* SunTrust Banks - At quarter end, ‍book value per common share was $47.16, tangible book value per common share was $34.34, up 1%, 2%, respectively, from June 30

* SunTrust Banks Inc - ‍Net interest margin for current quarter was 3.15%, compared to 3.14% in prior quarter​

* Q3 earnings per share view $1.05 -- Thomson Reuters I/B/E/S

* SunTrust Banks - Expects to repurchase about $1 billion of additional common stock over next 3 qtrs in accordance with 2017 capital plan​ Source text for Eikon: Further company coverage:

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