SunTrust Banks (STI) Tops Q3 EPS by 5c

SunTrust Banks (NYSE: STI) reported Q3 EPS of $0.89, $0.05 better than the analyst estimate of $0.84. Revenue for the quarter came in at $2.03 billion versus the consensus estimate of $2.04 billion.

The current quarter was favorably impacted by $0.07 per share in discrete tax benefits and $0.04 per share in recoveries related to the resolution of previous mortgage matters. Earnings per share, when excluding the net $0.11 per share benefit of these items, grew 10% compared to the adjusted level a year ago.

For earnings history and earnings-related data on SunTrust Banks (STI) click here.

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