SunTrust 2007 Annual Report Download - page 26

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Item 6. SELECTED FINANCIAL DATA
Twelve Months Ended December 31
(Dollars in millions, except per share and other data) 2007 2006 2005 2004 2003 2002
Summary of Operations
Interest, fees, and dividend income $10,035.9 $9,792.0 $7,731.3 $5,218.4 $4,768.8 $5,135.2
Interest expense 5,316.4 5,131.6 3,152.3 1,533.2 1,448.5 1,891.5
Net interest income 4,719.5 4,660.4 4,579.0 3,685.2 3,320.3 3,243.7
Provision for loan losses 664.9 262.5 176.9 135.6 313.6 469.8
Net interest income after provision for loan losses 4,054.6 4,397.9 4,402.1 3,549.6 3,006.7 2,773.9
Noninterest income 3,428.7 3,468.4 3,155.0 2,604.4 2,303.0 2,268.8
Noninterest expense 5,233.8 4,879.9 4,690.7 3,897.0 3,400.6 3,219.4
Income before provision for income taxes 2,249.5 2,986.4 2,866.4 2,257.0 1,909.1 1,823.3
Provision for income taxes 615.5 869.0 879.2 684.1 576.8 491.5
Net income 1,634.0 2,117.4 1,987.2 1,572.9 1,332.3 1,331.8
Preferred stock dividends 30.3 7.7----
Net income available to common shareholders $1,603.7 $2,109.7 $1,987.2 $1,572.9 $1,332.3 $1,331.8
Net interest income-FTE1$4,822.2 $4,748.4 $4,654.5 $3,743.6 $3,365.3 $3,283.2
Total revenue-FTE18,250.9 8,216.8 7,809.5 6,348.0 5,668.3 5,552.0
Net income per average common share
Diluted $4.55 $5.82 $5.47 $5.19 $4.73 $4.66
Diluted, excluding merger expense 4.55 5.82 5.64 5.25 4.73 4.80
Basic 4.59 5.87 5.53 5.25 4.79 4.71
Dividends paid per average common share 2.92 2.44 2.20 2.00 1.80 1.72
Selected Average Balances
Total assets $177,795.5 $180,315.1 $168,088.8 $133,754.3 $122,325.4 $108,516.1
Earning assets 155,204.4 158,428.7 146,639.8 117,968.8 108,094.9 95,569.7
Loans 120,080.6 119,645.2 108,742.0 86,214.5 76,137.9 71,270.4
Consumer and commercial deposits 98,020.2 97,175.3 93,355.0 77,091.5 69,443.7 65,429.6
Brokered and foreign deposits 21,856.4 26,490.2 17,051.5 10,041.4 10,595.3 5,727.6
Total shareholders’ equity 17,808.0 17,546.7 16,526.3 11,469.5 9,083.0 8,725.7
As of December 31
Total assets $179,573.9 $182,161.6 $179,712.8 $158,869.8 $125,250.5 $117,322.5
Earning assets 154,397.2 159,063.8 156,640.9 137,813.4 111,266.5 103,696.6
Loans 122,319.0 121,454.3 114,554.9 101,426.2 80,732.3 73,167.9
Allowance for loan and lease losses 1,282.5 1,044.5 1,028.1 1,050.0 941.9 930.1
Consumer and commercial deposits 101,870.0 99,775.9 97,572.4 92,109.7 72,924.6 70,226.8
Brokered and foreign deposits 15,972.6 24,245.7 24,480.8 11,251.6 8,264.9 9,479.8
Long-term debt 22,956.5 18,992.9 20,779.2 22,127.2 15,313.9 11,879.8
Total shareholders’ equity 18,052.5 17,813.6 16,887.4 15,986.9 9,731.2 8,769.5
Financial Ratios and Other Data
Return on average total assets 0.92% 1.17% 1.18% 1.18% 1.09% 1.23%
Return on average total assets less net realized and unrealized securities gains and the
Coca-Cola Company dividend10.81 1.17 1.17 1.19 1.01 1.10
Return on average common shareholders’ equity 9.27 12.13 12.02 13.71 14.67 15.26
Return on average realized common shareholders’ equity18.65 12.72 12.70 15.65 15.98 16.67
Net interest margin-FTE 3.11 3.00 3.17 3.17 3.11 3.44
Efficiency ratio-FTE 63.43 59.39 60.06 61.39 59.99 57.99
Efficiency ratio, excluding merger expense163.43 59.39 58.80 60.94 59.99 57.70
Tangible efficiency ratio162.26 58.13 58.54 60.17 58.86 56.93
Effective tax rate 27.36 29.10 30.67 30.31 30.21 26.96
Allowance to year-end total loans 1.05 0.86 0.90 1.04 1.17 1.27
Nonperforming assets to total loans plus OREO and other repossessed assets 1.35 0.49 0.29 0.40 0.47 0.74
Common dividend payout ratio 64.0 41.7 40.0 38.4 37.9 36.8
Full-service banking offices 1,682 1,701 1,657 1,676 1,183 1,184
ATMs 2,507 2,569 2,782 2,804 2,225 2,286
Full-time equivalent employees 32,323 33,599 33,406 33,156 27,578 27,622
Tier 1 capital ratio 6.93% 7.72% 7.01% 7.16% 7.85% 7.47%
Total capital ratio 10.30 11.11 10.57 10.36 11.75 11.62
Tier 1 leverage ratio 6.90 7.23 6.65 6.64 7.37 7.30
Total average shareholders’ equity to total average assets 10.02 9.73 9.83 8.58 7.43 8.04
Tangible equity to tangible assets16.28 6.03 5.56 5.68 6.82 6.52
Book value per common share $50.38 $48.78 $46.65 $44.30 $34.52 $31.04
Market price:
High 94.18 85.64 75.77 76.65 71.73 70.20
Low 60.02 69.68 65.32 61.27 51.44 51.48
Close 62.49 84.45 72.76 73.88 71.50 56.92
Market capitalization 21,772 29,972 26,338 26,659 20,157 16,080
Average common shares outstanding (000s)
Diluted 352,688 362,802 363,454 303,309 281,434 286,052
Basic 349,346 359,413 359,066 299,375 278,295 282,495
1See Non-GAAP reconcilements in Tables 21 and 22 of the Management’s Discussion and Analysis of Financial Condition and Results of Operations.
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