SunTrust Banks Inc. Q1 Earnings Rise 5%

(RTTNews) - SunTrust Banks Inc. (STI) released a profit for its first quarter that rose from last year.

The company said its bottom line rose to $430 million, or $0.84 per share. This was higher than $411 million, or $0.78 per share, in last year's first quarter.

Analysts had expected the company to earn $0.75 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 5.5% to $2.10 billion. This was up from $1.99 billion last year.

SunTrust Banks Inc. earnings at a glance:

-Earnings (Q1): $430 Mln. vs. $411 Mln. last year. -Earnings Growth (Y-o-Y): 4.6% -EPS (Q1): $0.84 vs. $0.78 last year. -EPS Growth (Y-o-Y): 7.7% -Analysts Estimate: $0.75 -Revenue (Q1): $2.10 Bln vs. $1.99 Bln last year. -Revenue Change (Y-o-Y): 5.5%