SunTrust 2014 Annual Report Download - page 183

Download and view the complete annual report

Please find page 183 of the 2014 SunTrust annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 199

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199

Notes to Consolidated Financial Statements, continued
160
Year Ended December 31, 2014
(Dollars in millions)
Consumer
Banking and
Private Wealth
Management Wholesale
Banking Mortgage
Banking Corporate
Other Reconciling
Items Consolidated
Balance Sheets:
Average loans $41,694 $62,643 $26,494 $43 $— $130,874
Average consumer and commercial deposits 86,249 43,502 2,333 (72) — 132,012
Average total assets 47,377 74,307 30,386 26,964 3,142 182,176
Average total liabilities 86,982 50,242 2,665 20,128 (11) 160,006
Average total equity — — — — 22,170 22,170
Statements of Income/(Loss):
Net interest income $2,636 $1,682 $552 $273 ($303) $4,840
FTE adjustment 1 139 — 3 (1) 142
Net interest income - FTE 12,637 1,821 552 276 (304) 4,982
Provision for credit losses 2191 71 81 — (1) 342
Net interest income after provision for credit losses - FTE 2,446 1,750 471 276 (303) 4,640
Total noninterest income 1,528 1,104 473 238 (20) 3,323
Total noninterest expense 2,887 1,536 1,050 87 (17) 5,543
Income/(loss) before provision/(benefit) for income taxes - FTE 1,087 1,318 (106) 427 (306) 2,420
Provision/(benefit) for income taxes - FTE 3400 418 (50) (20) (113) 635
Net income/(loss) including income attributable to noncontrolling
interest 687 900 (56) 447 (193) 1,785
Net income attributable to noncontrolling interest — — — 11 — 11
Net income/(loss) $687 $900 ($56) $436 ($193) $1,774
Year Ended December 31, 2013
(Dollars in millions)
Consumer
Banking and
Private Wealth
Management Wholesale
Banking Mortgage
Banking Corporate
Other Reconciling
Items Consolidated
Balance Sheets:
Average loans $40,511 $54,141 $27,974 $31 $— $122,657
Average consumer and commercial deposits 84,359 39,577 3,206 (66) — 127,076
Average total assets 45,541 66,094 32,708 26,503 1,651 172,497
Average total liabilities 85,237 46,697 3,845 15,645 (94) 151,330
Average total equity — — — — 21,167 21,167
Statements of Income/(Loss):
Net interest income $2,599 $1,566 $539 $314 ($165) $4,853
FTE adjustment 1 124 — 3 (1) 127
Net interest income - FTE 12,600 1,690 539 317 (166) 4,980
Provision/(benefit) for credit losses 2261 124 170 (1) (1) 553
Net interest income after provision/(benefit) for credit losses - FTE 2,339 1,566 369 318 (165) 4,427
Total noninterest income 1,478 1,103 402 241 (10) 3,214
Total noninterest expense 2,801 1,450 1,503 86 (9) 5,831
Income/(loss) before provision/(benefit) for income taxes - FTE 1,016 1,219 (732) 473 (166) 1,810
Provision/(benefit) for income taxes - FTE 3374 397 (205) (63) (54) 449
Net income/(loss) including income attributable to noncontrolling
interest 642 822 (527) 536 (112) 1,361
Net income attributable to noncontrolling interest — — — 17 — 17
Net income/(loss) $642 $822 ($527) $519 ($112) $1,344