BB&T, SunTrust Complete Merger, Relaunch as Truist

BB&T and SunTrust Banks completed their merger of equals and relaunched as Truist Financial, the sixth largest U.S. commercial bank. read more

DEC 9, 2019 - 6:30 am

SunTrust Q4/16 Earnings Hurt by Higher Loss Provisions

SunTrust Banks reported Q4/16 net income of $448 million, down from $467 million for the same quarter in Q4/15. The bank noted provision charges of $101 million were up from $50 million a year earlier as a result of higher charge offs. read more

JAN 23, 2017 - 7:43 am

SunTrust Q1 Earnings Higher Despite Higher Energy-Related Reserves

SunTrust reported Q1/16 earnings of $430 million were up from $411 million a year earlier. The bank noted a higher provision for losses due to loan growth and higher energy-related reserves. read more

APR 25, 2016 - 6:44 am

SunTrust Q4 Income Down 8% Following $145MM Mortgage Expense

SunTrust Banks reported net income of $378 million for Q4/14 compared to net income of $413 million the same quarter one year ago. The results include a $145 million legal provision related to legacy mortgage matters. read more

JAN 19, 2015 - 12:34 am

SunTrust Higher Q3 Earnings Aided by Tax Benefit

SunTrust Banks reported Q3/14 net income of $563 million, up from $179 million in Q3/13. The bank said during the quarter the company recognized a $130 million tax benefit. read more

OCT 20, 2014 - 7:37 am