SunTrust Banks Q2 Profit Rises - Quick Facts

(RTTNews) - SunTrust Banks Inc. (STI) reported second-quarter net income available to common shareholders of $467 million or $0.89 per share, up from $387 million or $0.72 per share in the comparable quarter last year. Adjusted earnings per share were $0.89, compared with $0.81 in the prior year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.81 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenue declined to $2.08 billion from $2.20 billion in the year ago quarter, driven by higher net interest income and broad-based growth in non-interest income, with particularly strong growth in investment banking income. Wall Street analysts had a consensus revenue estimate of $2.02 billion for the quarter.