SunTrust Banks

Equities

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Delayed Nyse Other stock markets 02:32:16 07/12/2019 am IST			5-day change	1st Jan Change
70.13 ^USD	+1.26%		-1.00%	-.--%

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Suntrust Banks, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019

October 17, 2019 at 03:39 pm IST

SunTrust Banks, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced net interest income was USD 1,510 million compared to USD 1,512 million a year ago. Net income was USD 623 million compared to USD 752 million a year ago. Basic earnings per share from continuing operations was USD 1.34 compared to USD 1.56 a year ago. Diluted earnings per share from continuing operations was USD 1.35 compared to USD 1.58 a year ago. For the nine months, net interest income was USD 4,589 million compared to USD 4,440 million a year ago. Net income was USD 1,891 million compared to USD 2,117 million a year ago. Basic earnings per share from continuing operations was USD 4.06 compared to USD 4.34 a year ago. Diluted earnings per share from continuing operations was USD 4.09 compared to USD 4.38 a year ago.

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Company Profile

SunTrust Banks is a financial services group organized around 3 areas of activity: - retail banking (61.7% of Net Interest Income); - fund management (37.5%); - other (0.8%): primarily business banking and mortgage banking. At the end of 2017, the group manages EUR134.2 billion of outstanding deposits and EUR118.1 billion outstanding loans. Products and services are marketed through a network of 1,268 banking agencies located in the United States.

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