- SunTrust Banks (NYSE:STT) Q2 EPS $1.49 vs. $1.03 a year ago.
- Net interest margin 3.28%, up 4 basis points from Q1 and 14 bps from a year ago; driven primarily by higher earning asset yields arising from higher benchmark interest rates, positive mix shift in the LHFI portfolio, and higher securities yields.
- Total revenue-FTE of $2.34B vs. $2.26B in Q1 and $2.27B a year ago.
- Provision for credit losses $32M vs $28M in Q1 and $90M a year ago.
- Average LHFI $144.2B vs $142.9B in Q1 and $144.4B a year ago.
- Average consumer and commercial deposits $159.0B vs. $159.2B in Q1 and $159.1B a year ago.
- Common equity Tier 1 ratio 9.73% vs. 9.84% in Q1 and 9.68% a year ago.
- Source: Press Release
- Previously: SunTrust Banks beats by $0.18, beats on revenue (July 20)