STI 2018 Annual Report

73 Selected Financial Data and Reconcilement of Non-U.S. GAAPMeasures Table 29 Selected Quarterly Financial Data Three Months Ended (Dollars in millions and shares in thousands, except per share data) 2018 2017 December 31 September 30 June 30 March 31 December 31 September 30 June 30 March 31 Summary of Operations: Interest income $1,944 $1,834 $1,759 $1,668 $1,640 $1,635 $1,583 $1,528 Interest expense 397 322 271 227 206 205 180 162 Net interest income 1,547 1,512 1,488 1,441 1,434 1,430 1,403 1,366 Provision for credit losses 87 61 32 28 79 120 90 119 Net interest income after provision for credit losses 1,460 1,451 1,456 1,413 1,355 1,310 1,313 1,247 Noninterest income 818 782 829 796 833 846 827 847 Noninterest expense 1,482 1,384 1,390 1,417 1,520 1,391 1,388 1,465 Income before provision/(benefit) for income taxes 796 849 895 792 668 765 752 629 Provision/(benefit) for income taxes 136 95 171 147 (74) 225 222 159 Net income attributable to noncontrolling interest 2 2 2 2 2 2 2 2 Net income $658 $752 $722 $643 $740 $538 $528 $468 Net income available to common shareholders $632 $726 $697 $612 $710 $512 $505 $451 Net interest income-FTE 1 $1,570 $1,534 $1,510 $1,461 $1,472 $1,467 $1,439 $1,400 Total revenue 2,365 2,294 2,317 2,237 2,267 2,276 2,230 2,213 Total revenue-FTE 1 2,388 2,316 2,339 2,257 2,305 2,313 2,266 2,247 Net securities gains/(losses) — — — 1 (109) — 1 — Net income per average common share: Diluted $1.40 $1.56 $1.49 $1.29 $1.48 $1.06 $1.03 $0.91 Basic 1.41 1.58 1.50 1.31 1.50 1.07 1.05 0.92 Dividends declared per common share 0.50 0.50 0.40 0.40 0.40 0.40 0.26 0.26 Book value per common share 49.57 48.00 47.70 47.14 47.94 47.16 46.51 45.62 Tangible book value per common share 2 35.73 34.51 34.40 33.97 34.82 34.34 33.83 33.05 Market capitalization 22,541 30,632 30,712 31,959 30,417 28,451 27,319 26,860 Market price per common share (NYSE trading symbol “STI”): High $67.98 $75.08 $71.14 $73.37 $66.62 $60.04 $58.75 $61.69 Low 46.05 65.82 65.08 64.32 56.30 51.96 52.69 52.71 Close 50.44 66.79 66.02 68.04 64.59 59.77 56.72 55.30 Selected Average Balances: Total assets $212,934 $207,395 $204,548 $204,132 $205,219 $205,738 $204,494 $204,252 Earning assets 190,742 186,344 184,566 182,874 184,306 184,861 184,057 183,606 LHFI 149,708 145,995 144,156 142,920 144,039 144,706 144,440 143,670 Intangible assets including residential MSRs 8,491 8,396 8,355 8,244 8,077 8,009 8,024 8,026 Residential MSRs 2,083 1,987 1,944 1,833 1,662 1,589 1,603 1,604 Consumer and commercial deposits 161,573 159,348 158,957 159,169 160,745 159,419 159,136 158,874 Preferred stock 2,025 2,025 2,025 2,390 2,236 1,975 1,720 1,225 Total shareholders’ equity 23,873 24,275 24,095 24,605 24,806 24,573 24,139 23,671 Average common shares - diluted 452,957 464,164 469,339 473,620 480,359 483,640 488,020 496,002 Average common shares - basic 449,404 460,252 465,529 468,723 474,300 478,258 482,913 490,091 Financial Ratios (Annualized): ROA 1.23% 1.44% 1.42% 1.28% 1.43% 1.04% 1.03% 0.93% ROE 11.54 13.01 12.73 11.23 12.54 9.03 9.08 8.19 ROTCE 3 16.13 18.06 17.74 15.60 17.24 12.45 12.51 11.28 Net interest margin 3.22 3.22 3.23 3.20 3.09 3.07 3.06 3.02 Net interest margin-FTE 1 3.27 3.27 3.28 3.24 3.17 3.15 3.14 3.09 Efficiency ratio 4 62.66 60.34 59.98 63.35 67.03 61.12 62.24 66.20 Efficiency ratio-FTE 1, 4 62.06 59.76 59.41 62.77 65.94 60.14 61.24 65.19 Tangible efficiency ratio-FTE 1, 4, 5 61.13 58.94 58.69 62.11 64.84 59.21 60.59 64.60 Adjusted tangible efficiency ratio-FTE 1, 4, 5, 6 58.63 58.94 58.69 62.11 59.85 59.21 60.59 64.60 Total average shareholders’ equity to total average assets 11.21 11.71 11.78 12.05 12.09 11.94 11.80 11.59 Tangible common equity to tangible assets 7 7.63 7.72 7.96 8.04 8.21 8.10 8.11 8.06 Common dividend payout ratio 35.3 31.6 26.7 30.6 26.8 37.2 24.8 28.3