SunTrust Banks Inc. Reveals 5% Advance In Q1 Profit

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

The company said its bottom line advanced to $451 million, or $0.91 per share. This was higher than $430 million, or $0.84 per share, in last year's first quarter.

Analysts had expected the company to earn $0.84 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 7.1% to $2.25 billion. This was up from $2.10 billion last year.

SunTrust Banks Inc. earnings at a glance:

-Earnings (Q1): $451 Mln. vs. $430 Mln. last year. -Earnings Growth (Y-o-Y): 4.9% -EPS (Q1): $0.91 vs. $0.84 last year. -EPS Growth (Y-o-Y): 8.3% -Analysts Estimate: $0.84 -Revenue (Q1): $2.25 Bln vs. $2.10 Bln last year. -Revenue Change (Y-o-Y): 7.1%