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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