SunTrust 2015 Annual Report Download - page 48

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Item 6. SELECTED FINANCIAL DATA
Year Ended December 31
(Dollars in millions and shares in thousands, except per share data) 2015 2014 2013 2012 2011
Summary of Operations:
Interest income $5,265 $5,384 $5,388 $5,867 $6,181
Interest expense 501 544 535 765 1,116
Net interest income 4,764 4,840 4,853 5,102 5,065
Provision for credit losses 165 342 553 1,395 1,513
Net interest income after provision for credit losses 4,599 4,498 4,300 3,707 3,552
Noninterest income 3,268 3,323 3,214 5,373 3,421
Noninterest expense 15,160 5,543 5,831 6,284 6,194
Income before provision for income taxes 2,707 2,278 1,683 2,796 779
Provision for income taxes 1764 493 322 812 119
Net income attributable to noncontrolling interest 10 11 17 26 13
Net income $1,933 $1,774 $1,344 $1,958 $647
Net income available to common shareholders $1,863 $1,722 $1,297 $1,931 $495
Adjusted net income available to common shareholders 2$1,863 $1,729 $1,476 $1,178 $495
Net interest income - FTE 2$4,906 $4,982 $4,980 $5,225 $5,179
Total revenue - FTE 28,174 8,305 8,194 10,598 8,600
Total revenue - FTE, excluding net securities gains/(losses) 2 8,153 8,320 8,192 8,624 8,483
Total adjusted revenue - FTE 28,174 8,200 8,257 9,123 8,600
Net income per average common share:
Diluted $3.58 $3.23 $2.41 $3.59 $0.94
Adjusted diluted 23.58 3.24 2.74 2.19 0.94
Basic 3.62 3.26 2.43 3.62 0.94
Dividends paid per average common share 0.92 0.70 0.35 0.20 0.12
Book value per common share 43.66 41.52 38.61 37.59 36.86
Tangible book value per common share 231.65 29.82 27.01 25.98 25.18
Market capitalization 21,793 21,978 19,734 15,279 9,504
Period End Balances:
Total assets $190,817 $190,328 $175,335 $173,442 $176,859
Earning assets 172,114 168,678 156,856 151,223 154,696
Loans 136,442 133,112 127,877 121,470 122,495
ALLL 1,752 1,937 2,044 2,174 2,457
Consumer and commercial deposits 148,921 139,234 127,735 130,180 125,611
Brokered time and foreign deposits 909 1,333 2,024 2,136 2,311
Long-term debt 8,462 13,022 10,700 9,357 10,908
Total shareholders’ equity 23,437 23,005 21,422 20,985 20,066
Selected Average Balances:
Total assets $188,892 $182,176 $172,497 $176,134 $172,440
Earning assets 168,813 162,189 153,728 153,479 147,802
Loans 133,558 130,874 122,657 122,893 116,308
Intangible assets including MSRs 7,604 7,630 7,535 7,322 7,780
MSRs 1,250 1,255 1,121 887 1,331
Consumer and commercial deposits 144,202 132,012 127,076 126,249 122,672
Brokered time and foreign deposits 1,106 1,730 2,065 2,255 2,386
Preferred stock 1,225 800 725 290 1,328
Total shareholders’ equity 23,346 22,170 21,167 20,495 20,696
Average common shares - diluted 520,586 533,391 539,093 538,061 527,618
Average common shares - basic 514,844 527,500 534,283 534,149 523,995
Financial Ratios:
Effective tax rate 1 28% 22% 19% 29% 16%
ROA 1.02 0.97 0.78 1.11 0.38
ROE 8.42 8.06 6.34 9.56 2.56
ROTCE 211.64 11.33 9.25 14.02 3.83
Net interest margin - FTE 22.91 3.07 3.24 3.40 3.50
Efficiency ratio 1 63.13 66.74 71.16 59.29 72.02
Tangible efficiency ratio 1, 262.64 66.44 70.89 58.86 71.52
Adjusted tangible efficiency ratio 1, 262.64 63.34 65.27 66.91 71.52
Total average shareholders’ equity to total average assets 12.36 12.17 12.27 11.64 12.00
Tangible equity to tangible assets 29.39 9.17 9.00 8.82 8.10
ALLL to period-end LHFI 1.29 1.46 1.60 1.80 2.01
NPAs to period-end LHFI, OREO, other repossessed assets, and
nonperforming LHFS 0.54 0.59 0.91 1.52 2.76
Common dividend payout ratio 25.5 21.5 14.5 5.6 12.9