On Jan. 19, SunTrust Bank (NYSE:STI) released fourth-quarter earnings for the period ended Dec. 31.

  • Net interest income was down 2% on the flat/inverted yield curve.
  • Most performance ratios came in lower than last year.
  • Efficiency programs initiated in the second half of 2006 -- like E2 -- are expected to yield significant benefits over the next several years.
  • Read Emil Lee's Foolish take to learn more.

(Figures in millions, except per-share data)

Income Statement Highlights

Q4 2006

Q4 2005

Change

Total Revenue

$1,968.0

$1,936.8

1.6%

Net Interest Income

$1,161.3

$1,187.0

(2.2%)

Net Profit

$531.4

$518.5

2.5%

EPS

$1.46

$1.43

2.1%



Get back to basics with a look at the income statement.

Ratio Checkup

Q4 2006

Q4 2005

Change*

Net Interest Margin

2.94%

3.12%

(0.18%)

Efficiency Ratio

59.67%

60.20%

(0.53%)

Nonperforming Assets / Assets

0.40%

0.19%

0.21%

Return on Average Assets

1.16%

1.17%

(0.01%)

Return on Average Equity

11.77%

12.19%

(0.42%)

*Expressed in percentage points.

Find out more about bank performance ratios.

Balance Sheet Highlights

Assets

Q4 2006

Q4 2005

Change

Investments

$27,879

$29,337

(5.0%)

Loans

$133,313

$128,251

3.9%



Liabilities

Q4 2006

Q4 2005

Change

Deposits

$124,022

$122,053

1.6%

Total Liabilities

$164,363

$162,825

0.9%



Learn about bank assets and bank liabilities.

Related Companies:

  • Capital One Financial (NYSE:COF)
  • National City
  • KeyCorp (NYSE:KEY)
  • PNC Financial (NYSE:PNC)
  • Fifth Third (NASDAQ:FITB)

Related Foolishness:

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Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.