Thursday, SunTrust Banks Inc. (STI) said its third-quarter net loss available to common shareholders was $377.1 million or $0.76 per share compared with a net income of $304.4 million or $0.87 per share in the prior year period. On average, 26 analysts polled by Thomson Reuters expected the company to report a loss of $0.65 per share for the quarter.
Total revenue, on fully taxable equivalent basis for the quarter declined to $1,943.2 million from $2,460.9 million in the year-ago period. Fourteen analysts estimated revenues of $2.11 billion for the quarter.
On a fully taxable equivalent basis, net interest income for the quarter was $1,168.2 million compared with $1,175.7 million in the comparable period. Non-interest income for the quarter declined to $775.1 million from $1,285.2 million in the previous year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.