SunTrust Banks, Inc. (STI) financial statements (2021 and earlier)

Company profile

Business Address 303 PEACHTREE ST NE
ATLANTA, GA 30308
State of Incorp. GA
Fiscal Year End December 31
SIC 6021 - National Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7,51112,00512,49011,71814,4315,2638,257
Cash and cash equivalents7,4956,9126,4235,5998,2295,2638,257
Short-term investments165,0936,0676,1196,202  
Disposal group, including discontinued operation    3,232  
Total current assets:7,51112,00512,49011,71817,6635,2638,257
Noncurrent Assets
Property, plant and equipment2,0241,7341,5561,5021,5081,5651,564
Intangible assets, net (including goodwill)8,3938,1227,9947,6627,5567,7037,325
Goodwill6,3316,3316,3376,3376,3376,3696,369
Intangible assets, net (excluding goodwill)2,0621,7911,6571,3251,2191,334956
Total noncurrent assets:10,4179,8569,5509,1649,0649,2688,889
Other undisclosed assets197,615184,101182,835169,935163,601160,804156,296
TOTAL ASSETS:215,543205,962204,875190,817190,328175,335173,442
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt8,7724,7812,6482,6787,9125,7893,304
Total current liabilities:8,7724,7812,6482,6787,9125,7893,304
Noncurrent Liabilities
Liabilities, other than long-term debt702690563    
Qualified affordable housing project investments, commitment702690563 
Total noncurrent liabilities:702690563    
Other undisclosed liabilities181,789175,337178,046164,702159,411148,124149,153
Total liabilities:191,263180,808181,257167,380167,323153,913152,457
Stockholders' equity
Stockholders' equity attributable to parent21,70222,12921,84321,66221,23020,14719,710
Treasury stock, value(5,422)(3,591)(2,346)(1,658)(1,032)(615)(590)
Additional paid in capital9,0229,0009,0109,0949,0899,1159,174
Accumulated other comprehensive income (loss)(1,420)(820)(821)(460)(122)(289)309
Retained earnings19,52217,54016,00014,68613,29511,93610,817
Stockholders' equity attributable to noncontrolling interest     119114
Other undisclosed stockholders' equity2,5783,0251,7751,7751,7751,1561,161
Total stockholders' equity:24,28025,15423,61823,43723,00521,42220,985
TOTAL LIABILITIES AND EQUITY:215,543205,962204,875190,817190,328175,335173,442

Income statement (P&L) ($ in millions)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues3,2267748627748,412  
Net investment income8497746515935,308  
Financial services revenue 2111812,700  
Cost of revenue(208)(409)(444)(165)(342)(548) 
Provision for loan, lease, and other losses(208)
Financial services costs(409)(444)(165)(342)(548) 
Gross profit:3,0183654186098,070(548) 
Operating expenses    (4,362)109140
Other operating income, net
(Noninterest Income, Other Operating Income)
    19715296
Operating income (loss):3,0183654186093,905(287)236
Nonoperating income (expense)    31(4)(466)
Investment income, nonoperating    27  
Gains (losses) on sales of other real estate    4(4)(140)
Other nonoperating expense      (326)
Interest and debt expense(1,218)(754)(557)(501)(544)(535)(781)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes1,5323,2032,8312,599(1,114)2,4603,768
Income from continuing operations before equity method investments, income taxes:3,3322,8142,6922,7072,2781,6342,757
Other undisclosed income from continuing operations before income taxes88145138142142127123
Income from continuing operations before income taxes:3,4202,9592,8302,8492,4201,7612,880
Income tax expense(548)(532)(805)(764)(493)(273)(773)
Income before gain (loss) on sale of properties:2,8722,4272,0252,0851,9271,4882,107
Other undisclosed net loss(88)(145)(138)(142)(142)(127)(123)
Net income:2,7842,2821,8871,9431,7851,3611,984
Net loss attributable to noncontrolling interest(9)(9)(9)(10)(11)(17)(26)
Net income attributable to parent:2,7752,2731,8781,9331,7741,3441,958
Preferred stock dividends and other adjustments(107)      
Other undisclosed net loss available to common stockholders, basic (94)(67)(70)(52)(47)(27)
Net income available to common stockholders, diluted:2,6682,1791,8111,8631,7221,2971,931

Comprehensive Income ($ in millions)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income:2,7842,2821,8871,9431,7851,3611,984
Other comprehensive income (loss)(446)1(356)(338)167(598)(1,440)
Comprehensive income:2,3382,2831,5311,6051,952763544
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(9)(9)(9)(10)(11)1726
Other undisclosed comprehensive loss, net of tax, attributable to parent     (34)(52)
Comprehensive income, net of tax, attributable to parent:2,3292,2741,5221,5951,941746518

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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