The Atlanta lender’s profit rose to $563 million, or $1.06 a share, from $179 million, or 33 cents a share, a year earlier. Excluding a tax benefit of $130 million in the most recent period, per-share earnings were 81 cents, compared with 66 cents.
Revenue rose 5.8% to $2.03 billion.Sponsor Content
Analysts polled by Thomson Reuters had expected the bank to earn 81 cents a share on revenue of $2.01 billion.
SunTrust’s earnings more than triple
Revenue, loan portfolio grow