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Last $40.63 USD
Change Today +0.16 / 0.40%
Volume 2.8M
As of 4:15 PM 04/27/15 All times are local (Market data is delayed by at least 15 minutes).

suntrust banks inc (STI) Snapshot

Open
$40.67
Previous Close
$40.47
Day High
$41.21
Day Low
$40.53
52 Week High
03/18/15 - $43.23
52 Week Low
10/16/14 - $33.97
Market Cap
21.3B
Average Volume 10 Days
3.7M
EPS TTM
$3.33
Shares Outstanding
524.8M
EX-Date
02/25/15
P/E TM
12.2x
Dividend
$0.80
Dividend Yield
1.97%
Current Stock Chart for SUNTRUST BANKS INC (STI)

suntrust banks inc (STI) Details

SunTrust Banks, Inc. operates as the holding company for SunTrust Bank that provides various financial services in the United States. The company operates in three segments: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking. The Consumer Banking and Private Wealth Management segment offers deposits, home equity lines and loans, credit lines, indirect auto loans, student loans, bank cards, and other lending products, as well as various services. This segment also provides wealth management products and professional services, including brokerage, professional investment management, and trust services; and family office solutions. The Wholesale Banking segment offers corporate and investment banking solutions, such as advisory, capital raising, and financial risk management, as well as lease financing solutions; cash management services and auto dealer financing, as well as corporate insurance premium financing solutions; and construction, mini-perm, and permanent real estate financing, as well as tailored financing and equity investment solutions. This segment also provides treasury and payment solutions, including operating various electronic and paper payment types, such as card, wire transfer, automated clearing house, check, and cash; and offers clients to manage their accounts online. The Mortgage Banking segment offers residential mortgage products in the secondary market. The company serves individuals and families, businesses, institutions, and governmental agencies through its network of traditional and in-store branches, automated teller machines, Internet, and mobile banking channels. As of December 31, 2014, it operated 1,445 full-service banking offices in Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia, and the District of Columbia. SunTrust Banks, Inc. was founded in 1891 and is headquartered in Atlanta, Georgia.

24,466 Employees
Last Reported Date: 04/20/15
Founded in 1891

suntrust banks inc (STI) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $925.0K
Chief Financial Officer and Corporate Executi...
Total Annual Compensation: $600.0K
Corporate Executive Vice President and Wholes...
Total Annual Compensation: $625.0K
Chief Risk Officer and Corporate Executive Vi...
Total Annual Compensation: $600.0K
Chief Information Officer and Corporate Execu...
Total Annual Compensation: $500.0K
Compensation as of Fiscal Year 2014.

suntrust banks inc (STI) Key Developments

SunTrust, Apollo, Ares Reportedly Eyeing GE’s Buyout-Lending Unit

Potential suitors are eyeing unit of General Electric Company (NYSE:GE) (GE). Bloomberg reported, citing people with knowledge of the matter as saying that SunTrust Banks, Inc. (NYSE:STI), Apollo Global Management, LLC (NYSE:APO), and Ares Management, L.P. (NYSE:ARES) are considering offers for buying GE’s unit that lends to private-equity firms in the United States. The news report mentioned that GE is working with Citigroup to sell the business, expected to be worth $10 billion. The division is among the $200 billion of assets put up for sale in April 2015. GE is also working with Bank of America Corp on a separate sale process for its European private equity-lending arm, which has about $6 billion in loans, Bloomberg report mentioned. According to the news report, Sue Bishop, a GE Capital spokeswoman, declined to comment. On Monday, Reuters reported that GE is in early-stage talks with Wells Fargo & Company (NYSE:WFC) for selling its $74 billion U.S. commercial lending and leasing portfolio.

SunTrust Banks, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reports Net Charge-Offs for the First Quarter of 2015; Proposes Dividend for the Second Quarter of 2015

SunTrust Banks, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net income available to common shareholders of $411 million or $0.78 per diluted share against $393 million or $0.73 per diluted share a year ago. Total revenue was $1,992 million against $2,030 million a year ago. Net interest income was $1,175 million against $1,239 million a year ago. Return on average total assets was 0.92% against 0.93% a year ago. Return on average common shareholders' equity was 7.59% against 7.59% a year ago. Return on average tangible common shareholders' equity was 10.53% against 10.78% a year ago. Book value per common share was $42.21 against $39.44 a year ago. Tangible book value per common share was $30.49 against $27.82 a year ago. Adjusted net income available to common shareholders was $411 million or $0.78 per share diluted against $393 million or $0.73 per share diluted a year ago. The decline in revenue was primarily driven by lower net interest income, partially offset by an increase in noninterest income, which benefited from higher mortgage production-related income.  Compared to the first quarter of 2014, total revenue declined $38 million, driven largely by a decrease in net interest income and foregone RidgeWorth revenue, partially offset by higher mortgage production-related and capital markets-related income. The decrease in net interest income was primarily due to the expected decline in commercial loan swap income, higher mortgage-backed securities (MBS) premium amortization, and two fewer days in the current quarter.  Compared to the first quarter of 2014, the $64 million decline in net interest income was driven by lower commercial loan swap income, higher MBS premium amortization expense, and lower loan yields, partially offset by growth in average earning assets. For the first quarter of 2015, the company reported net charge-offs of $99 million, representing 0.30% of average loans on an annualized basis, relatively stable to the prior quarter and the first quarter of 2014. The company has proposed 20% increase in the quarterly common stock dividend from $0.20 per share to $0.24 per share, beginning in the second quarter of 2015, subject to approval by the company's Board of Directors. This dividend is consistent with the prior quarter and up $0.10 per share from the first quarter of 2014.

SunTrust Banks, Inc. Proposes Dividend for the Second Quarter of 2015

SunTrust Banks, Inc. proposed a 20% increase in the quarterly common stock dividend from $0.20 per share to $0.24 per share, beginning in the second quarter of 2015, subject to approval by the company's Board of Directors.

 

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Industry Analysis

STI

Industry Average

Valuation STI Industry Range
Price/Earnings 12.3x
Price/Sales 2.7x
Price/Book 1.0x
Price/Cash Flow 11.8x
TEV/Sales NM Not Meaningful
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