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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.