$STI (SunTrust Banks, Inc.)

$STI {{ '2016-06-30T10:20:53+0000' | timeago}} • Announcement

$STI said the capital actions also include an authorization to repurchase $960MM of outstanding common stock between July 1, 2016 and June 30, 2017, a 37% increase in the average quarterly repurchase amount compared to the previous authorization.

$STI {{ '2017-07-21T11:05:30+0000' | timeago}} • Announcement

$STI's average loan balances for 2Q17 increased 1% sequentially and 2% year-over-year, driven primarily by growth in consumer lending. Average consumer and commercial deposits rose slightly sequentially and grew 3% compared to 2Q16, driven by growth in demand and time deposits.

$STI {{ '2017-07-21T11:04:08+0000' | timeago}} • Announcement

$STI's efficiency and tangible efficiency ratios in 2Q17 were 61.2% and 60.6%, respectively, which represent significant improvements compared to the previous quarter. This is driven primarily by seasonal declines in employee benefits costs, ongoing expense management initiatives, and solid revenue growth.

$STI {{ '2017-07-21T11:03:10+0000' | timeago}} • Announcement

$STI's net interest margin for 2Q17 increased 15 basis points to 3.14% from last year. This was driven by higher earning asset yields arising from higher benchmark interest rates, continued positive mix shift in the loan portfolio, and lower premium amortization in the securities portfolio.

$STI {{ '2017-07-21T11:01:56+0000' | timeago}} • Announcement

$STI reported a 6% rise in 2Q17 earnings driven by higher revenue. Net income grew to $505MM from $475MM last year. Consistent execution against key strategies resulted in 10% EPS growth to $1.03. Revenue rose 2% to $2.27Bil, on higher net interest income as a result of net interest margin expansion and growth in earning assets.

$STZ {{ '2017-07-20T13:44:19+0000' | timeago}} • Announcement

$STZ's BoD lifted size of the board from 10 to 11 members and elected Susan Somersille Johnson to serve as a member of the board, effective July 18, 2017. Johnson is currently serving as corporate EVP and chief marketing officer of $STI.

$STI {{ '2017-06-29T12:02:31+0000' | timeago}} • Announcement

$STI received no objections from the Federal Reserve after completion of its capital plan review. The plan includes a 54% increase in quarterly dividend from $0.26 to $0.40 per share, beginning in 3Q17 and authorization to buyback $1.32Bil of common stock between July 1, 2017 and June 30, 2018.

$STI {{ '2017-04-25T19:30:49+0000' | timeago}} • Webcast

$STI elected Agnes Bundy Scanlan to its BoD. Bundy Scanlan will join 11 directors who were re-elected by shareholders for the coming year. Bundy Scanlan is currently a senior advisor for Treliant Risk Advisors, where she counsels financial services firms on regulatory, compliance, and risk management matters.

$STI {{ '2017-04-25T17:42:34+0000' | timeago}} • Announcement

The BoD of $STI declared a regular quarterly cash dividend of $0.26 per common share.  The dividend is payable on June 15, 2017, to shareholdersas as on May 31, 2017.

$STI {{ '2017-04-21T12:54:03+0000' | timeago}} • Webcast

$STI stated that the C&I loan growth for 1Q17 was highly diversified and it was related to all the investments and the strategies made by the company. It was also directly correlated to the trends on the fee-based side which results in stronger asset growth. $STI remains optimistic about this business.

$STI {{ '2017-04-21T12:47:06+0000' | timeago}} • Webcast

$STI believes the interest rate increases for 2017 could be due in September and this would benefit the company. For 2Q17, $STI expects a 1-2% growth in net interest margin in addition to the 9BP sequential growth delivered in 1Q17.

$STI {{ '2017-04-21T11:00:46+0000' | timeago}} • Announcement

Banker $STI had total assets of $205.6Bil and total shareholders' equity of $23.5Bil at 1Q17 end. Average performing loans were up 4% at $142.8Bil for 1Q17. Average consumer and commercial deposits went up 6% to $158.9Bil. STI expects to repurchase $240MM of additional common stock during 2Q17 to complete its 2016 capital plan.

$STI {{ '2017-04-21T10:56:50+0000' | timeago}} • Announcement

In 1Q17, the net interest income of $STI rose 6% to $1.4Bil on an FTE basis. Net interest margin was 3.09%, up five basis points. Noninterest income jumped 8% to $847MM. Transitional tier 1 capital ratio was 10.4% vs. 10.63%, while CET1 ratio was 9.69% vs. 9.90% a year ago.

$STI {{ '2017-04-21T10:50:54+0000' | timeago}} • Announcement

$STI posted a net income available to common shareholders in 1Q17 of $451MM or $0.91 per average common diluted share, up 5% from $430MM or $0.84 a share last year. Total revenue on an FTE basis was up 7% to $2.24Bil.

$STI {{ '2017-04-18T13:27:39+0000' | timeago}} • Announcement

$STI promoted Arnold Evans to a newly created position as enterprise ethics officer. In this role, Evans will further ensure that the company's business practices and risk culture are consistent with its values and purpose of Lighting the Way to Financial Well-Being. Evans will report to $STI Chief Risk Officer Jerome Lienhard.

$STI {{ '2017-03-20T14:25:54+0000' | timeago}} • Announcement

$STI named Allison Dukes as the new  Commercial and Business Banking executive, effective April 3. Ms. Dukes, who succeeds newly-appointed Wholesale Segment executive Hugh Cummins III, currently serves as chairman, president and CEO of the Atlanta Division of SunTrust. She will retain her position as chairman of the Atlanta Division.

$STI {{ '2017-02-24T15:27:43+0000' | timeago}} • Announcement

$STI appointed Hugh Cummins as Wholesale Segment Executive, succeeding Mark Chancy. Thomas Freeman is appointed as Efficiency & Strategic Partnerships Executive. Jorge Arrieta, General Auditor, will now functionally report to CEO William Rogers, while maintaining his primary reporting relationship to the Audit Committee of the Board.

$STI {{ '2017-02-24T15:25:46+0000' | timeago}} • Announcement

$STI appointed Mark Chancy as Vice Chairman and Consumer Segment Executive. $STI will align its consumer businesses by merging the Mortgage Segment with Consumer Banking & Private Wealth Management. Chancy, who most recently served as Wholesale Banking Executive, will lead this expanded segment.

$STI {{ '2017-02-14T20:28:40+0000' | timeago}} • Announcement

$STI's BoD declared a regular quarterly cash dividend of $0.26 per common share. The dividend is payable on March 15, 2017, to shareholders of record at the close of business on Feb. 28, 2017.

$STI {{ '2017-01-20T14:12:13+0000' | timeago}} • Webcast

$STI said that the company will continue to invest in all regulatory and compliance costs and would continue to do so in 2017. On the headcount increase of 2% linked quarter in 4Q16, $STI added that it was due to the close of the Pillar acquisition in Dec. 2016.

$STI {{ '2017-01-20T13:38:11+0000' | timeago}} • Webcast

$STI stated that its deposit grew in 4Q16, with average client deposits increasing 7% YoverY, driven mainly due to growth in negotiable order of withdrawal (NOW) accounts and demand deposit accounts (DDA). In 2017, $STI added that it will be focused on maintaining its deposit growth momentum.

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