SunTrust reports Q1 EPS $1.24, consensus $1.30
Reports Q1 revenue $2.33B, consensus $2.33B. Reports Q1 book value per share $51.15. Reports Q1 CET1 capital ratio 9.09%. Reports Q1 net charge-offs .26%. "Our performance continues to improve and this quarter was no exception, with earnings per share increasing by 3% year-over-year (excluding merger-related costs). Loan growth remains a bright spot, with average balances up 3% sequentially and 8% year-over-year, a reflection of the ongoing investments in our business and our clients' optimistic outlook on the economy," said William Rogers, chairman and CEO of SunTrust "More importantly, while our results this quarter highlight SunTrust's individual strength, we know that after merging with BB&T, we will be even better positioned to enhance shareholder value, improve the client experience, and invest in our teammates, associates, and communities."