SunTrust 2006 Annual Report Download - page 141

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SUNTRUST BANKS, INC.
Notes to Consolidated Financial Statements (Continued)
Note 25 - Suntrust Banks, Inc. (Parent Company Only) Financial Information
Statements of Income –Parent Company Only
Twelve Months Ended December 31
(Dollars in thousands) 2006 2005 2004
Income
From subsidiaries:
Dividends - substantially all from SunTrust Bank $1,102,627 $1,860,103 $1,464,648
Interest on loans 26,800 26,143 9,615
Other income 130,897 65,314 30,103
Total income 1,260,324 1,951,560 1,504,366
Expense
Interest on short-term borrowings 23,798 13,889 4,663
Interest on long-term debt 268,120 215,453 143,688
Employee compensation and benefits 32,851 18,506 16,223
Service fees to subsidiaries 25,446 16,250 7,645
Other expense 61,641 65,533 54,291
Total expense 411,856 329,631 226,510
Income before income taxes and equity in undistributed income of subsidiaries 848,468 1,621,929 1,277,856
Income tax benefit 52,805 56,903 33,512
Income before equity in undistributed income of subsidiaries 901,273 1,678,832 1,311,368
Equity in undistributed income of subsidiaries 1,216,198 308,407 261,533
Net income 2,117,471 1,987,239 1,572,901
Preferred stock dividends 7,729 --
Net income available to common shareholders $2,109,742 $1,987,239 $1,572,901
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