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%) |
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:
National City is a Motley Fool Income Investor recommendation. Find more dividend superstars with a free 30-day trial of James Early's low-risk, high-reward newsletter service.
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.
