Last €35.10 EUR
Change Today +0.454 / 1.31%
Volume 0.0
SUU On Other Exchanges
Symbol
Exchange
New York
As of 1:02 PM 01/23/15 All times are local (Market data is delayed by at least 15 minutes).

suntrust banks inc (SUU) Snapshot

Open
€35.03
Previous Close
€34.65
Day High
€35.49
Day Low
€35.01
52 Week High
01/23/15 - €35.49
52 Week Low
10/16/14 - €26.41
Market Cap
18.3B
Average Volume 10 Days
20.0
EPS TTM
--
Shares Outstanding
521.5M
EX-Date
11/25/14
P/E TM
--
Dividend
€0.72
Dividend Yield
1.52%
Current Stock Chart for SUNTRUST BANKS INC (SUU)

suntrust banks inc (SUU) 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 consumer deposits, home equity lines and loans, consumer lines, indirect auto, student lending, bank card, and other lending products and fee-based products. This segment also provides wealth management products and professional services, including brokerage, professional investment management, and trust services; loan and deposit products; discount/online and full service brokerage services; employee benefit solutions; and family office solutions. The Wholesale Banking segment offers corporate and investment banking solutions, such as advisory, capital raising, and financial risk management; construction, mini-perm, and permanent real estate financing; tailored financing and equity investment solutions; corporate insurance premium financing solutions; and treasury and payment solutions, as well as investment advisory, and other institutional asset management services. The Mortgage Banking segment provides residential mortgage products. SunTrust Bank also provides mortgage banking, asset management, securities brokerage, and capital market services. 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 telephone. As of December 31, 2013, it operated 1,497 full-service banking offices. SunTrust Banks, Inc. was founded in 1891 and is headquartered in Atlanta, Georgia.

24,638 Employees
Last Reported Date: 01/16/15
Founded in 1891

suntrust banks inc (SUU) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $900.0K
Chief Financial Officer and Corporate Executi...
Total Annual Compensation: $631.2K
Chief Information Officer and Corporate Execu...
Total Annual Compensation: $625.0K
Corporate Executive Vice President and Wholes...
Total Annual Compensation: $600.0K
Chief Risk Officer and Corporate Executive Vi...
Total Annual Compensation: $560.0K
Compensation as of Fiscal Year 2013.

suntrust banks inc (SUU) Key Developments

SunTrust Banks, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter of 2015

SunTrust Banks, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net income available to common shareholders of $378 million or $0.72 per diluted share against $413 million or $0.77 per diluted share a year ago. Net income available to common shareholders, excluding the impact of Form 8-K and other legacy mortgage-related items was $466 million or $0.88 per diluted share against $413 million or $0.77 per diluted share a year ago. Total revenue – FTE was $2,043 million against $2,061 million a year ago. Total revenue – FTE, excluding the impact of Form 8-K and other legacy mortgage-related items was $2,043 million against $2,061 million a year ago. Return on average total assets was 0.83% against 0.97% a year ago. Return on average common shareholders' equity was 6.91% against 7.99% a year ago. Return on average tangible common shareholders' equity was 9.62% against 11.61% a year ago. Net interest income was essentially flat, as it has been in prior quarters, with solid loan and deposit growth offset by continued margin compression. Excluding the impact of this provision, adjusted earnings per share were $0.88, which were 9% higher than the prior quarter and 14% higher than the fourth quarter of last year. The sequential increase was driven by higher noninterest income, a lower provision for credit losses and a slightly lower effective tax rate. Net interest income was $1,248 million against $1,247 million a year ago. Net interest income declined $3 million compared to the prior quarter. The decrease was primarily due to a 7 basis point decline in net interest margin, substantially offset by higher average earning assets. Similarly, compared to the fourth quarter of 2013, a 24 basis point decline in net interest margin was offset by solid growth in average earning assets. For the full year, the company reported net income available to common shareholders of $1,722 million or $3.23 per diluted share against $1,297 million or $2.41 per diluted share a year ago. Net income available to common shareholders, excluding the impact of Form 8-K and other legacy mortgage-related items was $1,729 million or $3.24 per diluted share against $1,476 million or $2.74 per diluted share a year ago. Total revenue – FTE was $8,305 million against $8,194 million a year ago. Total revenue – FTE, excluding the impact of Form 8-K and other legacy mortgage-related items was $8,200 million against $8,194 million a year ago. Return on average total assets was 0.97% against 0.78% a year ago. Return on average common shareholders' equity was 8.06% against 6.34% a year ago. Return on average tangible common shareholders' equity was 11.33% against 9.25% a year ago. Book value per common share was $41.52 against $38.61 a year ago. Tangible book value per common share was $29.82 against $27.01 a year ago. For the full year, adjusted earnings per share increased 18% compared to 2013, as solid balance sheet growth, lower expenses and improved asset quality more than offset a reduction in mortgage production income and a 17-basis-point decline in the net interest margin. Net interest income was stable relative to the prior quarter, as solid loan growth offset the effect of margin compression. For both 2014 and 2013, net interest income was $5.0 billion. Looking forward, the company expects first quarter 2015 net interest margin to decline approximately 7 to 9 basis points from the current level, driven primarily by lower commercial loan swap income.

SunTrust Banks Appoints Allison Dukes as President of Atlanta Division

SunTrust Banks announced that Allison Dukes has been named president of Atlanta division. Dukes joined SunTrust in 1997 and began serving as co-head of SunTrust Private Wealth Management in 2013. As division president for Atlanta, Dukes will be responsible for providing SunTrust's commercial banking products and services and coordinating the delivery of the investment banking and capital markets capabilities offered by SunTrust Robinson Humphrey Inc. to business and commercial banking clients.

SunTrust Bank Appoints Dan O'Neill as President of Greater Washington and Maryland Division

SunTrust Bank appointed Dan O'Neill as president of Greater Washington and Maryland division. He will report to Scott Wilfong, the regional chairman and CEO. O'Neill has 23 years of experience at SunTrust, most recently as SunTrust's wholesale risk executive. His appointment is effective immediately. O'Neill will relocate from the bank's Atlanta headquarters.

 

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Industry Analysis

SUU

Industry Average

Valuation SUU Industry Range
Price/Earnings 12.2x
Price/Sales 2.6x
Price/Book 0.9x
Price/Cash Flow 11.7x
TEV/Sales NM Not Meaningful
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