SunTrust Banks Q1 Results Top Consensus - Quick Facts

(RTTNews) - Diversified financial services holding company SunTrust Banks, Inc. (STI) announced a rise in first-quarter net income available to common shareholders to $393 million, or $0.73 per average common share, from $340 million, or $0.63 per average common share, last year. On average, 27 analysts polled by Thomson Reuters expected earnings per share of $0.66 for the quarter. Analysts' estimates typically exclude one-time items.

On a fully taxable-equivalent basis, quarterly total revenue reached $2.03 billion, down 4%, compared with the prior-year figure of $2.11 billion. Nineteen analysts estimated revenues of $2.01 billion for the quarter. For the latest quarter, net interest income was $1.2 billion and noninterest income totaled $791 million.