SunTrust Banks, Inc. (STI) financial statements (2020 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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 7,51112,00512,49011,71814,4315,263
Cash and cash equivalents 7,4956,9126,4235,5998,2295,263
Short-term investments 165,0936,0676,1196,202 
Disposal group, including discontinued operation     3,232 
Total current assets: 7,51112,00512,49011,71817,6635,263
Noncurrent Assets
Property, plant and equipment 2,0241,7341,5561,5021,5081,565
Intangible assets, net (including goodwill) 8,3938,1227,9947,6627,5567,703
Goodwill 6,3316,3316,3376,3376,3376,369
Intangible assets, net (excluding goodwill) 2,0621,7911,6571,3251,2191,334
Total noncurrent assets: 10,4179,8569,5509,1649,0649,268
Other undisclosed assets 197,615184,101182,835169,935163,601160,804
TOTAL ASSETS: 215,543205,962204,875190,817190,328175,335
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 8,7724,7812,6482,6787,9125,789
Total current liabilities: 8,7724,7812,6482,6787,9125,789
Noncurrent Liabilities
Liabilities, other than long-term debt 702690563   
Qualified affordable housing project investments, commitment 702690563 
Total noncurrent liabilities: 702690563   
Other undisclosed liabilities 181,789175,337178,046164,702159,411148,124
Total liabilities: 191,263180,808181,257167,380167,323153,913
Stockholders' equity
Stockholders' equity attributable to parent 21,70222,12921,84321,66221,23020,147
Treasury stock, value (5,422)(3,591)(2,346)(1,658)(1,032)(615)
Additional paid in capital 9,0229,0009,0109,0949,0899,115
Accumulated other comprehensive loss (1,420)(820)(821)(460)(122)(289)
Retained earnings 19,52217,54016,00014,68613,29511,936
Stockholders' equity attributable to noncontrolling interest      119
Other undisclosed stockholders' equity 2,5783,0251,7751,7751,7751,156
Total stockholders' equity: 24,28025,15423,61823,43723,00521,422
TOTAL LIABILITIES AND EQUITY: 215,543205,962204,875190,817190,328175,335

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues 3,2267748627748,412 
Net investment income 8497746515935,308 
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)109
Other operating income, net
(Noninterest Income, Other Operating Income)
     197152
Operating income (loss): 3,0183654186093,905(287)
Nonoperating income (expense)     31(4)
Investment income, nonoperating     27 
Gains (losses) on sales of other real estate     4(4)
Interest and debt expense (1,218)(754)(557)(501)(544)(535)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 1,5323,2032,8312,599(1,114)2,460
Income from continuing operations before equity method investments, income taxes: 3,3322,8142,6922,7072,2781,634
Other undisclosed income from continuing operations before income taxes 88145138142142127
Income from continuing operations before income taxes: 3,4202,9592,8302,8492,4201,761
Income tax expense (548)(532)(805)(764)(493)(273)
Income before gain (loss) on sale of properties: 2,8722,4272,0252,0851,9271,488
Other undisclosed net loss (88)(145)(138)(142)(142)(127)
Net income: 2,7842,2821,8871,9431,7851,361
Net loss attributable to noncontrolling interest (9)(9)(9)(10)(11)(17)
Net income attributable to parent: 2,7752,2731,8781,9331,7741,344
Preferred stock dividends and other adjustments (107)     
Other undisclosed net loss available to common stockholders, basic  (94)(67)(70)(52)(47)
Net income available to common stockholders, diluted: 2,6682,1791,8111,8631,7221,297

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income: 2,7842,2821,8871,9431,7851,361
Other comprehensive income (loss) (446)1(356)(338)167(598)
Comprehensive income: 2,3382,2831,5311,6051,952763
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (9)(9)(9)(10)(11)17
Other undisclosed comprehensive loss, net of tax, attributable to parent      (34)
Comprehensive income, net of tax, attributable to parent: 2,3292,2741,5221,5951,941746

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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