SunTrust (STI +3.1%) moves higher in a red tape following its Q1 earnings beat. Net interest...

|About: SunTrust Banks, Inc. (STI)|By:, SA News Editor

SunTrust (STI +3.1%) moves higher in a red tape following its Q1 earnings beat. Net interest margin increased 3 bps from Q4 to 3.49%. Average loans +3% Q/Q. Annualized net charge-off ratio declines 19 bps Q/Q to 1.38%. Nonperforming loans down 9%. Loan loss allowance down a hair to $2.3B, or 1.92% of all loans. Tier 1 common ratio of 9.3%. (PR) (presentation)