$STI (SunTrust Banks, Inc.)

$STI {{ '2015-11-25T18:42:58+0000' | timeago}} • SEC

For 3Q15, $STI's average yield on the securities available for sale (AFS) portfolio was 2.29% vs. 2.52% for 3Q14. The addition of lower-yielding U.S. Treasury securities during 2015 in preparation for the forthcoming LCR requirements drove the decrease. Premium amortization is expected to remain stable in 4Q15 compared to the previous quarter.

$STI {{ '2018-01-03T21:55:54+0000' | timeago}} • Announcement

$STI announced that Ellen M. Fitzsimmons will join the company as General Counsel and Corporate EVP, succeeding Raymond D. Fortin who announced his intention to retire. Effective January 8, Fitzsimmons will report to Chairman and CEO Bill Rogers, and serve as Corporate Secretary of the BoD.

$STI {{ '2017-12-14T13:15:53+0000' | timeago}} • Announcement

Financial services company $STI has raised its prime lending rate by 25 basis points to $4.5%, effective immediately, in response to the rate hike announced by the Federal Reserve. The prime lending rate is a benchmark used to set interest rates on various forms of loans.

$STI {{ '2017-12-05T14:12:11+0000' | timeago}} • Announcement

$STI finalizes the sale of its subsidiary Premium Assignment Corp. (PAC) to IPFS Corp. The sale was initiated in Sept. PAC, which is based in Tallahassee, Florida, had $1.3Bil of assets as of Sept. 30, 2017.

$STI {{ '2017-11-16T14:19:03+0000' | timeago}} • Announcement

$STI appointed $WRK CEO Steve Voorhees to the company's BoD, effective Jan. 1, 2018. Voorhees has served in various executive leadership roles, including President and COO; EVP and CFO; and CAO at WestRock and a predecessor RockTenn.

$STI {{ '2017-11-13T18:12:26+0000' | timeago}} • Infographic

$STI SunTrust Banks, Inc Earnings AlphaGraphic: Q3 2017 Highlights

$STI {{ '2017-09-25T13:18:21+0000' | timeago}} • Announcement

$STI has reached a definitive agreement to sell its subsidiary, Premium Assignment Corporation, to IPFS Corporation. The sale is expected to close during 4Q17. Terms of the deal were not disclosed.

$STI {{ '2017-08-09T16:36:22+0000' | timeago}} • Announcement

$STI said it is opening Commercial Banking representative offices in the Midwest and Southwest regions, naming market presidents in Ohio and Texas. The company appointed Jim Geuther as Cleveland market president, Ben Willingham as Cincinnati market president, and Julia Harman as Dallas–Fort Worth market president.

$STI {{ '2017-08-09T11:32:30+0000' | timeago}} • Announcement

$STI declared a quarterly cash dividend of $1,022.22 per share on its Perpetual Preferred Stock, Series B. It also declared a cash dividend of $1,468.75 per share on its Perpetual Preferred Stock, Series E. Both dividends are payable on Sept 15, 2017, to shareholders as on Aug 31, 2017.

$STI {{ '2017-08-09T11:23:28+0000' | timeago}} • Announcement

$STI declared a quarterly cash dividend of $0.40 per common share, payable on Sept 15, 2017, to shareholders as on Aug 31, 2017. The previous quarterly dividend was $0.26 per share. $STI also declared a cash dividend of $1,022.22 per share on its Perpetual Preferred Stock, Series A, payable on Sept 15, 2017, to shareholders as on Aug 31, 2017.

$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.

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