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83
SunTrust Banks, Inc.
Consolidated Statements of Shareholders’ Equity
(Dollars and shares in millions, except per share data)
Preferred
Stock
Common
Shares
Outstanding
Common
Stock
Additional
Paid in
Capital
Retained
Earnings
Treasury
Stock and
Other 1
Accumulated
Other
Comprehensive
(Loss)/Income 2Total
Balance, January 1, 2012 $275 537 $550 $9,306 $8,978 ($792) $1,749 $20,066
Net income — — — — 1,958 — — 1,958
Other comprehensive loss — — — — — — (1,440) (1,440)
Change in noncontrolling interest — — — — — 7 — 7
Common stock dividends, $0.20 per share — — — — (107) — — (107)
Preferred stock dividends 3— — — — (12) — — (12)
Issuance of preferred stock 450 — — (12) — — — 438
Exercise of stock options and stock compensation expense — 1 — (44) — 65 — 21
Restricted stock activity — 1 — (63) — 69 — 6
Amortization of restricted stock compensation — — — — — 30 — 30
Issuance of stock for employee benefit plans and other — — — (13) — 31 — 18
Balance, December 31, 2012 $725 539 $550 $9,174 $10,817 ($590) $309 $20,985
Net income — — — — 1,344 — — 1,344
Other comprehensive loss — — — — — — (598) (598)
Change in noncontrolling interest — — — — — 5 — 5
Common stock dividends, $0.35 per share — — — — (188) — — (188)
Preferred stock dividends 3— — — — (37) — — (37)
Acquisition of treasury stock — (5) — — — (150) — (150)
Exercise of stock options and stock compensation expense — 1 — (27) — 43 — 16
Restricted stock activity — 1 — (35) — 39 — 4
Amortization of restricted stock compensation — — — — — 32 — 32
Issuance of stock for employee benefit plans and other — — — 3 — 6 — 9
Balance, December 31, 2013 $725 536 $550 $9,115 $11,936 ($615)($289) $21,422
Net income — — — — 1,774 — — 1,774
Other comprehensive income — — — — — — 167 167
Change in noncontrolling interest — — — — — 5 — 5
Common stock dividends, $0.70 per share — — — — (371) — — (371)
Preferred stock dividends 3— — — — (42) — — (42)
Issuance of preferred stock 500 — — (4) — — — 496
Acquisition of treasury stock —(12) — — — (458) — (458)
Exercise of stock options and stock compensation expense — 1 — (16) — 20 — 4
Restricted stock activity — — — 18 (2) 1 — 17
Amortization of restricted stock compensation — — — — — 27 — 27
Change in equity related to the sale of subsidiary — — — (23) — (16) — (39)
Issuance of stock for employee benefit plans and other — — — (1) — 4 — 3
Balance, December 31, 2014 $1,225 525 $550 $9,089 $13,295 ($1,032)($122) $23,005
1 At December 31, 2014, includes ($1,119) million for treasury stock, ($21) million for compensation element of restricted stock, and $108 million for noncontrolling interest.
At December 31, 2013, includes ($684) million for treasury stock, ($50) million for compensation element of restricted stock, and $119 million for noncontrolling interest.
At December 31, 2012, includes ($656) million for treasury stock, ($48) million for compensation element of restricted stock, and $114 million for noncontrolling interest.
2 At December 31, 2014, includes $298 million in unrealized net gains on AFS securities, $97 million in unrealized net gains on derivative financial instruments, and ($517) million related to
employee benefit plans.
At December 31, 2013, includes ($77) million in unrealized net gains on AFS securities, $279 million in unrealized net gains on derivative financial instruments, and ($491) million related to
employee benefit plans.
At December 31, 2012, includes $520 million in unrealized net gains on AFS securities, $532 million in unrealized net gains on derivative financial instruments, and ($743) million related to
employee benefit plans.
3 For the year ended December 31, 2014, dividends were $4,056 per share for both Perpetual Preferred Stock Series A and B, and $5,875 per share for Perpetual Preferred Stock Series E.
For the year ended December 31, 2013, dividends were $4,056 per share for both Perpetual Preferred Stock Series A and B, and $5,793 per share for Perpetual Preferred Stock Series E.
For the year ended December 31, 2012, dividends were $4,052 per share for both Perpetual Preferred Stock Series A and B.
See Notes to Consolidated Financial Statements.