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Last $44.48 USD
Change Today +0.29 / 0.66%
Volume 2.6M
STI On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

suntrust banks inc (STI) Snapshot

Open
$44.28
Previous Close
$44.19
Day High
$44.55
Day Low
$44.07
52 Week High
07/17/15 - $45.84
52 Week Low
10/16/14 - $33.97
Market Cap
23.0B
Average Volume 10 Days
3.8M
EPS TTM
$3.37
Shares Outstanding
516.2M
EX-Date
05/27/15
P/E TM
13.2x
Dividend
$0.96
Dividend Yield
1.89%
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.

24,237 Employees
Last Reported Date: 07/17/15
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 Banks, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Net Charge-Offs for the Second Quarter Ended June 30, 2015

SunTrust Banks, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net income available to common shareholders of $467 million or $0.89 per diluted share compared to $387 million or $0.72 per diluted share a year ago. Adjusted net income available to common shareholders was $467 million or $0.89 per adjusted diluted share compared to $436 million or $0.81 per adjusted diluted share a year ago. Total revenue was $2,077 million compared to $2,201 million a year ago. Return on average total assets was 1.03% compared to 0.89% a year ago. Return on average common shareholders' equity was 8.50% compared to 7.29% a year ago. Net interest income was $1,167 million compared to $1,209 million a year ago, the increase was primarily due to an additional day in the second quarter, an improvement in core loan yields, and higher commercial loan-related swap income. Return on average tangible common shareholders' equity was 11.77% against 10.29% a year ago. For the six months period, the company reported net income available to common shareholders of $877 million or $1.67 per diluted share compared to $780 million or $1.45 per diluted share a year ago. Adjusted net income available to common shareholders was $877 million or $1.67 per adjusted diluted share compared to $829 million or $1.54 per adjusted diluted share a year ago. Total revenue was $4,070 million compared to $4,231 million a year ago. Return on average total assets was 0.97% compared to 0.91% a year ago. Return on average common shareholders' equity was 8.05% compared to 7.44% a year ago. Book value per common share as at June 30, 2015 was $42.46 compared to $40.18 a year ago. Tangible book value per common share was $30.65 compared to $28.64 a year ago. Net interest income was $2,307 million compared to $2,414 million a year ago. Return on average tangible common shareholders' equity was 11.16% against 10.53% a year ago. The company’s net charge-offs were $87 million during the current quarter, a decrease of $12 million and $26 million compared to the prior quarter and the second quarter of 2014, respectively.  The ratio of annualized net charge-offs to total average loans was 0.26% during the current quarter, compared to 0.30% during the prior quarter and 0.35% during the second quarter of 2014.

SunTrust Banks, Inc. Appoints Kevin Blair as Corporate Treasurer, Effective July 1, 2015

SunTrust Banks, Inc. appointed Kevin Blair as Corporate Treasurer, effective July 1, 2015. Blair will report to SunTrust Chief Financial Officer Aleem Gillani and oversee the company's liquidity, capital management, investment portfolio and balance sheet strategy. Most recently, Blair was head of SunTrust's commercial specialty segments. In this capacity, he led several businesses for the organization including auto dealer, insurance premium financing and small business administration lending.

SunTrust Banks, Inc. to Report Q2, 2015 Results on Jul 17, 2015

SunTrust Banks, Inc. announced that they will report Q2, 2015 results at 9:00 AM, Eastern Standard Time on Jul 17, 2015

 

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Industry Analysis

STI

Industry Average

Valuation STI Industry Range
Price/Earnings 12.8x
Price/Sales 3.0x
Price/Book 1.0x
Price/Cash Flow 12.1x
TEV/Sales NM Not Meaningful
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