SunTrust Bank (merged into Branch Banking and Trust Company)
SunTrust Bank reported total assets of $221.4 bn at Q3 2019, its last Call Report before it merged into Branch Banking and Trust Company. The CET1 capital ratio at SunTrust Bank was 10.95%, and the uninsured share of SunTrust Bank was 44.16%. Source: FDIC Call Reports.
What sets SunTrust Bank apart
Nothing in the latest data sets SunTrust Bank apart from banks of its size: no ratio in the top or bottom tenth of its size group, no large rank move or year change, and no acquisition in the FDIC history since 2016. This page is kept out of search results until that changes.
How large is SunTrust Bank?
The balance sheet of SunTrust Bank at : assets $221.4 bn, deposits $169.2 bn, net loans $158.9 bn (loans equal to 93.86% of deposits). Securities make up 14.1% of total assets at SunTrust Bank. Since , when SunTrust Bank held $189.9 bn, its assets grew 16.6%. In the year to , deposits at SunTrust Bank rose 3.5% while its total assets rose 7.7%. At , SunTrust Bank employed 21,241 full-time equivalent staff across 1,159 offices, about $10.4 mn of assets per employee and $146.0 mn of deposits per office.
How much funding at SunTrust Bank is uninsured?
At SunTrust Bank, uninsured deposits (above the FDIC limit) made up 44.16% of domestic deposits at (+1.75 pp on a year earlier). In dollars, SunTrust Bank estimated $74.7 bn of uninsured deposits.
Key facts, Q3 2019
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $169.2 bn | $163.5 bn (Q3 2018) | |
| Net loans and leases | $158.9 bn | $147.7 bn (Q3 2018) | |
| Loan-to-deposit ratio | 93.86% | 90.31% (Q3 2018) | |
| Tier 1 leverage ratio | 9.83% | 10.15% (Q3 2018) | |
| Total risk-based capital ratio | 12.26% | 12.59% (Q3 2018) | |
| Net interest margin | 3.23% | 3.32% (Q3 2018) | |
| Return on assets (ROA) | 1.20% | 1.40% (Q3 2018) | |
| Efficiency ratio | 60.56% | 58.94% (Q3 2018) | |
| Unrealized gain/loss on available-for-sale securities | Gain of $784.1 mn | Turned from a loss into a gain | |
| Noncurrent loans to total loans | 1.24% | 1.46% (Q3 2018) | |
| Net charge-offs to average loans | 0.28% | 0.22% (Q3 2018) |
US rank of SunTrust Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
SunTrust Bank: assets, deposits and loans
- Total assets $221bn
- Deposits $169bn
- Net loans $159bn
Capital and securities
The CET1 ratio of SunTrust Bank stood at 10.95% in , -0.27 pp year on year. Low and high at SunTrust Bank since : 10.72% () to 11.40% (). Equity capital of SunTrust Bank at : $26.6 bn, or 12.0% of total assets. SunTrust Bank also reported a total capital ratio of 12.26% for , and a tier 1 leverage ratio of 9.83%.
The available-for-sale portfolio of SunTrust Bank showed an unrealized gain of $784.1 mn at ; the gain turned from a loss into a gain over the year.
SunTrust Bank: capital ratios
- Total capital 12%
- CET1 11%
- Tier 1 leverage 9.8%
SunTrust Bank: unrealized securities gains and losses
- Available for sale $784mn
- Held to maturity $0
Profitability and loan quality
For the year to , SunTrust Bank earned a return on equity of 10.14%; return on assets: 1.20%. Net interest margin at SunTrust Bank: 3.23%, -0.09 pp in a year. SunTrust Bank net income: $1.9 bn, down 8.8% year on year. The efficiency ratio of SunTrust Bank was 60.56%: about 61 cents cost per revenue dollar, against 62 cents at the median peer.
At , noncurrent loans were 1.24% of total loans at SunTrust Bank; net charge-offs: 0.28% of average loans. Gross loans and leases at SunTrust Bank: $160.5 bn at , against $149.3 bn at .
SunTrust Bank: profitability
- Return on equity 10%
- Net interest margin 3.2%
- Return on assets 1.2%
Peer group of SunTrust Bank
The peer group of SunTrust Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 4 share the charter type of SunTrust Bank (state member bank) and 0 have head offices in Georgia. Against them, SunTrust Bank shows CET1 ratio 10.95% against a peer median of 14.31%, return on equity 10.14% against a peer median of 9.48% and uninsured deposit share 44.16% against a peer median of 55.00%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| The Bank of New York Mellon | State member bank | NY | $304.1 bn | 14.47% | 10.31% | 90.74% | |
| State Street Bank and Trust Company | State member bank | MA | $241.4 bn | 16.49% | 8.66% | 93.54% | |
| Truist Bank | State nonmember bank | NC | $229.9 bn | 11.62% | 11.87% | 45.62% | |
| SunTrust Bank | State member bank | GA | $221.4 bn | 10.95% | 10.14% | 44.16% | |
| Goldman Sachs Bank USA | State member bank | NY | $211.8 bn | 11.23% | 5.25% | 33.19% | |
| Charles Schwab Bank, SSB | State member bank | TX | $207.8 bn | 22.86% | 22.71% | 18.94% | |
| HSBC Bank USA | National bank | VA | $182.1 bn | 14.15% | 0.81% | 64.38% | |
. FDIC Call Reports.
Last eight quarters
Two years at SunTrust Bank, to : assets $201.6 bn to $221.4 bn, deposits $164.1 bn to $169.2 bn, equity $24.4 bn to $26.6 bn. Staff 22,079 to 21,241; offices 1,311 to 1,159.
| Metric | Q4 2017 | Q1 2018 | Q2 2018 | Q3 2018 | Q4 2018 | Q1 2019 | Q2 2019 | Q3 2019 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $201.6 bn | $200.0 bn | $202.1 bn | $205.5 bn | $209.7 bn | $214.0 bn | $216.3 bn | $221.4 bn |
| Total deposits | $164.1 bn | $165.1 bn | $165.2 bn | $163.5 bn | $164.7 bn | $164.3 bn | $162.5 bn | $169.2 bn |
| Bank equity capital | $24.4 bn | $24.0 bn | $24.0 bn | $23.9 bn | $24.5 bn | $25.0 bn | $26.0 bn | $26.6 bn |
| CET1 ratio | 11.29% | 11.40% | 11.28% | 11.22% | 11.01% | 10.82% | 10.84% | 10.95% |
| Return on equity (ROE) | 9.98% | 10.76% | 11.45% | 11.78% | 11.63% | 10.11% | 10.51% | 10.14% |
| Uninsured share of domestic deposits | 43.55% | 42.65% | 43.00% | 42.40% | 42.41% | 41.35% | 41.81% | 44.16% |
| Full-time equivalent employees | 22,079 | 21,701 | 21,481 | 21,353 | 21,405 | 21,145 | 21,254 | 21,241 |
| Number of offices | 1,311 | 1,275 | 1,258 | 1,230 | 1,231 | 1,163 | 1,160 | 1,159 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of SunTrust Bank, oldest first; figures before and after each event are not like for like.
- . Merged into Branch Banking and Trust Company (FDIC certificate 9846).
Questions and identifiers
What were the total assets of SunTrust Bank?
SunTrust Bank reported $221.4 bn at in its Call Report.
Is SunTrust Bank the same as its holding company?
No. This page covers SunTrust Bank, FDIC certificate 867; SUNTRUST BANKS INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is SunTrust Bank profitable?
SunTrust Bank reported net income of $1.9 bn for the year to ; annualized return on equity: 10.14%. So yes: SunTrust Bank made a profit over these months.
When is data for SunTrust Bank next updated?
SunTrust Bank no longer files Call Reports; its data ends at .
Where can I check the figures for SunTrust Bank?
In the FDIC BankFind Suite record for certificate 867, and in the Call Reports of SunTrust Bank (RSSD ID 675332) at the FFIEC Central Data Repository.