More on SunTrust's Q2

• After items, EPS of $0.89 was flat from a year ago. Revenue gained 7% Y/Y thanks to a 10% increase in net interest income and 3% boost to noninterest income.
• NIM of 2.99% slipped 5 bps from Q1, but gained 13 bps from a year ago. Average loan balances up 6% Y/Y, deposits up 8%.
• CET 1 ratio of 9.8%; 2015 capital plan was completed with $175M of buybacks during quarter. 2016 capital plan includes buyback of up to $960M of stock and a $0.26 quarterly dividend (8% increase). Tangible book value per share of $33.98 up 3% from Q1.
• Provisions up $45M from Q1 thanks to energy losses, and moderating credit quality improvements elsewhere.
• Previously: SunTrust Banks beats by $0.01, beats on revenue (July 22)
• STI flat premarket