SunTrust 2015 Annual Report Download - page 2

SUNTRUST BANKS, INC.
FINANCIAL HIGHLIGHTS
SunTrust Banks, Inc. is a purpose-driven company dedicated to Lighting the Way to Financial Well-Being for the
people, businesses, and communities it serves. Headquartered in Atlanta, the company has three business segments:
Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage. Its flagship subsidiary,
SunTrust Bank, operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-
Atlantic states, along with 24-hour digital access. Certain business lines serve consumer, commercial, corporate, and
institutional clients nationally. As of December 31, 2015, SunTrust had total assets of $191 billion and total deposits
of $150 billion. The company provides deposit, credit, trust, investment, mortgage, asset management, securities
brokerage, and capital market services.
(Dollars in millions and shares in thousands, except per share data)
Year ended December 31 2015 2014 2013
For the Year
Net income $1,933 $1,774 $1,344
Net income available to common shareholders 1,863 1,722 1,297
Adjusted net income available to common shareholders11,863 1,729
1,476
Total revenue – FTE1,2 8,174 8,305 8,194
Noninterest expense 5,160 5,543 5,831
Per Common Share
Net income – diluted $3.58 $3.23 $2.41
Adjusted net income – diluted13.58 3.24 2.74
Dividends declared 0.92 0.70 0.35
Common stock closing price 42.84 41.90 36.81
Book value 43.66 41.52 38.61
Tangible book value131.65 29.82 27.01
Financial Ratios
Return on average total assets 1.02% 0.97% 0.78%
Return on average tangible common shareholders’ equity111.64 11.33 9.25
Net interest margin22.91 3.07 3.24
Tangible efficiency ratio1,2 62.64 66.44 70.89
Adjusted tangible efficiency ratio1,2 62.64 63.34 65.27
CET1 (Basel III)39.96 N/A N/A
Tier 1 common equity (Basel I)3N/A 9.60 9.82
At December 31
Total assets $190,817 $190,328 $175,335
Loans 136,442 133,112 127,877
Deposits 149,830 140,567 129,759
Total shareholders’ equity 23,437 23,
00 5 21,422
Common shares outstanding 508,7 1 2
524,540 536,097
Full-time equivalent employees 24,043 24,638 26,281
1 See reconciliation of non-U.S. GAAP measures in Table 1, “Selected Financial Data and Reconcilement of Non-U.S. GAAP Measures,” in the MD&A section (Item 7) of the Company’s 2015 Annual
Report on Form 10-K.
2 Total revenue is comprised of net interest income presented on a fully taxable-equivalent (FTE) basis and noninterest income. The net interest margin and efficiency ratios are presented on an
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 as it enhances comparability of net interest income arising from taxable and tax-exempt sources.
3 The Basel III Final Rules became effective for the Company on January 1, 2015; thus, Basel III capital ratios are not applicable (“N/A”) in periods ending prior to January 1, 2015 and Basel I capital
ratios are N/A in periods ending after January 1, 2015.