SunTrustÕ earnings more than triple

Revenue, loan portfolio grow

SunTrust Banks’ (STI) third-quarter profit more than tripled as its revenue and loan portfolio grew, an article in The Wall Street Journal said.   

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.

Analysts polled by Thomson Reuters had expected the bank to earn 81 cents a share on revenue of $2.01 billion.

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