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78
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
Income/(Loss) Total
Balance, January 1, 2013 $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 2— — — — (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 2— — — — (42) — — (42)
Issuance of preferred stock, Series F 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
Net income — — — — 1,933 — — 1,933
Other comprehensive loss — — — — — — (338) (338)
Common stock dividends, $0.92 per share — — — — (475) — — (475)
Preferred stock dividends 2— — — — (64) — — (64)
Acquisition of treasury stock — (17) — — — (679) — (679)
Exercise of stock options and stock compensation expense — 1 — (18) — 30 — 12
Restricted stock activity — — — 23 (3) 4 — 24
Amortization of restricted stock compensation — — — — — 16 — 16
Issuance of stock for employee benefit plans and other — — — — — 3 — 3
Balance, December 31, 2015 $1,225 509 $550 $9,094 $14,686 ($1,658) ($460) $23,437
1 At December 31, 2015, includes ($1,764) million for treasury stock, ($2) million for the compensation element of restricted stock, and $108 million for noncontrolling interest.
At December 31, 2014, includes ($1,119) million for treasury stock, ($21) million for the compensation element of restricted stock, and $108 million for noncontrolling interest.
At December 31, 2013, includes ($684) million for treasury stock, ($50) million for the compensation element of restricted stock, and $119 million for noncontrolling interest.
2 For the year ended December 31, 2015, dividends were $4,056 per share for both Perpetual Preferred Stock Series A and B, $5,875 per share for Perpetual Preferred Stock Series E, and
$6,219 per share for Perpetual Preferred Stock Series F.
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.
See accompanying Notes to Consolidated Financial Statements.