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Friday, Apr 19
More on SunTrust (STI) Q1 earnings: Revenue off 8% Q/Q, off 4% Y/Y. Net interest income slides...
More on SunTrust (STI) Q1 earnings: Revenue off 8% Q/Q, off 4% Y/Y. Net interest income slides on NIM compression of 3 bps Q/Q, 16 bps Y/Y. Noninterest income hit by lower mortgage production volume. Noninterst expense fell 10% Q/Q, 12% Y/Y. Average loans off 1% Y/Y as declines in residential real estate and student loans offset with growth in C&I loans. Nonperforming loans/total loans of 1.21% from 2.16%. Tier 1 capital ratio of 11.2%. Tangible book value/share of $26.33, up 3% Y/Y. Earnings call at 8 ET. (slides) (PR)