SunTrust reports Q3 EPS $1.34, consensus $1.41
Reports Q3 revenue $2.35B, consensus $2.36B. Reports Q3 CET1 capital ratio 9.3%. Reports Q3 tangible book value per share $40.58. Reports Q3 net charge-offs .028%. "We delivered solid third quarter results, marked by continued loan growth, improved deposit growth, diverse fee income, and strong credit quality. Our underlying strategic progress is strong, evidenced by 8% year-over-year growth in both loans and noninterest income, providing us with good momentum heading into our proposed merger of equals with BB&T," said William Rogers, Jr., chairman and CEO of SunTrust Banks. "I am confident that when SunTrust and BB&T come together to create Truist, we can deliver industry leading profitability, better capabilities for our clients, and enhanced benefits for both our teammates and our communities."