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SunTrust Banks Inc (STI.N)

STI.N on New York Stock Exchange

71.15USD
16 Feb 2018
Change (% chg)

$0.52 (+0.74%)
Prev Close
$70.63
Open
$70.13
Day's High
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Day's Low
$70.13
Volume
1,000,918
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52-wk High
$72.05
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$51.96

Latest Key Developments (Source: Significant Developments)

SunTrust Q4 Earnings Per Share $1.48
Friday, 19 Jan 2018 

Jan 19 (Reuters) - Suntrust Banks Inc ::SUNTRUST REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS.Q4 REVENUE $2.3 BILLION VERSUS I/B/E/S VIEW $2.3 BILLION.Q4 EARNINGS PER SHARE $1.48.- ‍NET INTEREST MARGIN WAS 3.17% IN CURRENT QUARTER, UP 2 BASIS POINTS SEQUENTIALLY AND UP 17 BASIS POINTS COMPARED TO PRIOR YEAR​.SUNTRUST BANKS - QTRLY REPORTED NET INCOME AVAILABLE TO SHAREHOLDERS INCLUDES $0.39 PER SHARE OF NET DISCRETE BENEFITS.SUNTRUST BANKS QTRLY NET CHARGE-OFFS $107 MILLION, DOWN $29 MILLION FROM LAST YEAR.- ‍COMMON EQUITY TIER 1 RATIO WAS ESTIMATED TO BE 9.8% AS OF DECEMBER 31, 2017, AND 9.6% ON A FULLY PHASED-IN BASIS​.- ‍QTR-END TANGIBLE BOOK VALUE PER COMMON SHARE WAS $34.82, UP 1% FROM SEPT 30, 2017​.SUNTRUST BANKS QTRLY PROVISION FOR CREDIT LOSSES $79 MILLION, DOWN $41 MILLION SEQUENTIALLY DUE PRIMARILY TO PRIOR QUARTER RESERVE BUILD RELATED TO HURRICANES.- ‍NET INTEREST INCOME WAS $1.5 BILLION FOR CURRENT QUARTER, AN INCREASE OF $5 MILLION COMPARED TO PRIOR QUARTER.  Full Article

SunTrust reports Q3 revenue of $2.3 billion
Friday, 20 Oct 2017 

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​.  Full Article

Suntrust Banks Inc raises qtrly dividend to $0.26 per share
Tuesday, 9 Aug 2016 

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 

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
Thursday, 30 Jun 2016 

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 

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
Thursday, 24 Mar 2016 

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

BRIEF-SunTrust Banks CFO Aleem Gillani Plans To Retire In Q2

* SUNTRUST BANKS INC - ALEEM GILLANI, CHIEF FINANCIAL OFFICER, HAS ANNOUNCED HIS PLANS TO RETIRE FROM COMPANY IN Q2