SunTrust Banks Inc. Announces Advance In Q3 Bottom Line

(RTTNews) - SunTrust Banks Inc. (STI) revealed a profit for its third quarter that advanced from the same period last year.

The company's bottom line came in at $726 million, or $1.56 per share. This compares with $512 million, or $1.06 per share, in last year's third quarter.

Analysts had expected the company to earn $1.39 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 0.4% to $2.32 billion from $2.31 billion last year.

SunTrust Banks Inc. earnings at a glance:

-Earnings (Q3): $726 Mln. vs. $512 Mln. last year. -EPS (Q3): $1.56 vs. $1.06 last year. -Analysts Estimate: $1.39 -Revenue (Q3): $2.32 Bln vs. $2.31 Bln last year.