WASHINGTON (dpa-AFX) - SunTrust Banks Inc. (STI) reported that its second-quarter 2014 net income available to common shareholders rose to $387 million from the last year's $365 million, with earnings per share improving to $0.72 from $0.68 in the same quarter last year. The latest-quarter's results were negatively impacted by $0.09 per share related to specific items.
Excluding certain items, earnings per share for the quarter were $0.81 compared to $0.68 last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.77 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenue on a fully taxable-equivalent basis grew to $2.20 billion from $2.10 billion in the year ago quarter. Wall Street analysts had a consensus revenue estimate of $2.07 billion for the quarter.
Copyright RTT News/dpa-AFX