SunTrust Banks Q1 Profit Tops View - Quick Facts

(RTTNews) - SunTrust Banks Inc. (STI) reported first-quarter net income available to common shareholders of $411 million or $0.78 per share, up from $393 million or $0.73 per share in the comparable quarter last year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.72 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenue dropped 2% to $1.99 billion from $2.03 billion in the year ago quarter, driven largely by a decrease in net interest income and foregone RidgeWorth revenue, partially offset by higher mortgage production-related and capital markets-related income. Wall Street analysts had a consensus revenue estimate of $1.99 billion for the quarter.