SunTrust 2006 Annual Report Download - page 7

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Year Ended December 31
(Dollars in millions, except per share data) 2006 2005 2004
For the Year
Net income available to common shareholders $2,109.7 $1,987.2 $1,572.9
Total revenue – FTE18,216.8 7,809.5 6,348.0
Common dividends paid 879.6 795.0 603.3
Per Common Share
Net income – diluted $5.82 $5.47 $5.19
Dividends declared 2.44 2.20 2.00
Common stock closing price 84.45 72.76 73.88
Book value 48.78 46.65 44.30
Financial Ratios
Return on average total assets 1.17% 1.18% 1.18%
Return on average assets less net unrealized securities gains21.17 1.17 1.19
Return on average common shareholders’ equity 12.13 12.02 13.71
Return on average common realized shareholders’ equity212.72 12.70 15.65
Net interest margin33.00 3.17 3.17
Efficiency ratio359.39 60.06 61.39
Tier 1 capital ratio 7.72 7.01 7.16
Total capital ratio 11.11 10.57 10.36
Selected Average Balances
Total assets $180,315.1 $168,088.8 $133,754.3
Earning assets 158,428.7 146,639.7 117,968.8
Loans 119,645.2 108,742.0 86,214.5
Deposits 123,665.5 110,406.6 87,132.9
Total shareholders’ equity 17,546.7 16,526.3 11,469.5
Common shares – diluted (thousands) 362,802 363,454 303,309
As of December 31
Total assets $182,161.6 $179,712.8 $158,869.8
Earning assets 159,063.8 156,640.9 137,813.4
Loans 121,454.3 114,554.9 101,426.2
Allowance for loan and lease losses 1,044.5 1,028.1 1,050.0
Deposits 124,021.6 122,053.2 103,361.3
Total shareholders’ equity 17,813.6 16,887.4 15,986.9
Common shares outstanding (thousands) 354,903 361,984 360,840
Market value of investment in common stock
of The Coca-Cola Company $2,325 $1,946 $2,004
1Total revenue is comprised of net interest income (taxable-equivalent) and noninterest income.
2In this report, SunTrust presents a return on average assets less net unrealized securities gains and return on average realized equity which exclude realized and unrealized securities
gains/losses and dividends from The Coca-Cola Company. The foregoing numbers primarily reflect adjustments to remove the effects of the ownership by the Company of 48.2 million
shares of The Coca-Cola Company. The Company uses this information internally to gauge its actual performance in the industry. The Company believes that the return on average assets
less the net unrealized securities gains is more indicative of the Company’s return on assets because it more accurately reflects the return on assets that are related to the Company’s core
businesses. The Company also believes that the return on average realized equity is more indicative of the Company’s return on equity because the excluded equity relates primarily to a
long-term holding of a specific security. The Company provides reconcilements on Tables 20 and 21 of the 10-K for all non-US GAAP measures.
3The net interest margin and efficiency ratios are presented on a fully taxable-equivalent (FTE) basis. The FTE basis adjusts for the tax-favored status of income from certain loans and
investments. The Company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from
taxable and tax-exempt sources.
SUNTRUST 2006 ANNUAL REPORT 5
Financial Highlights