STI 2018 Annual Report

82 SunTrust Banks, Inc. Consolidated Statements of Shareholders’ Equity (Dollars and shares in millions, except per share data) Preferred Stock Common Shares Outstanding Common Stock Additional Paid-in Capital Retained Earnings Treasury 1 Stock and Other Accumulated Other Comprehensive Loss Total Balance, January 1, 2016 $1,225 509 $550 $9,094 $14,686 ($1,658) ($460) $23,437 Cumulative effect of credit risk adjustment 2 — — — — 5 — (5) — Net income — — — — 1,878 — — 1,878 Other comprehensive loss — — — — — — (356) (356) Change in noncontrolling interest — — — — — (5) — (5) Common stock dividends, $1.00 per share — — — — (498) — — (498) Preferred stock dividends 3 — — — — (66) — — (66) Repurchase of common stock — (20) — — — (806) — (806) Repurchase of common stock warrants — — — (24) — — — (24) Exercise of stock options and stock compensation expense 4 — 1 — (40) — 65 — 25 Restricted stock activity 4 — 1 — (20) (5) 56 — 31 Amortization of restricted stock compensation — — — — — 2 — 2 Balance, December 31, 2016 $1,225 491 $550 $9,010 $16,000 ($2,346) ($821) $23,618 Net income — — — — 2,273 — — 2,273 Other comprehensive income — — — — — — 1 1 Common stock dividends, $1.32 per share — — — — (634) — — (634) Preferred stock dividends 3 — — — — (94) — — (94) Issuance of preferred stock, Series G and H 1,250 — — (11) — — — 1,239 Repurchase of common stock — (22) — — — (1,314) — (1,314) Exercise of stock options and stock compensation expense — 1 — (15) — 36 — 21 Restricted stock activity — 1 — 16 (5) 33 — 44 Balance, December 31, 2017 $2,475 471 $550 $9,000 $17,540 ($3,591) ($820) $25,154 Cumulative effect adjustment related to ASU adoptions 5 — — — — 149 — (154) (5) Net income — — — — 2,775 — — 2,775 Other comprehensive loss — — — — — — (446) (446) Common stock dividends, $1.80 per share — — — — (826) — — (826) Preferred stock dividends 3 — — — — (107) — — (107) Redemption of preferred stock, Series E (450) — — — — — — (450) Repurchase of common stock — (29) — — — (1,910) — (1,910) Exercise of stock options and stock compensation expense — 1 — — — 36 — 36 Exercise of stock warrants — 3 3 (3) — — — — Restricted stock activity — 1 — 25 (9) 42 — 58 Amortization of restricted stock compensation — — — — — 1 — 1 Balance, December 31, 2018 $2,025 447 $553 $9,022 $19,522 ($5,422) ($1,420) $24,280 1 At December 31, 2018, includes ($5,525) million for treasury stock and $103 million for noncontrolling interest. At December 31, 2017, includes ($3,694) million for treasury stock and $103 million for noncontrolling interest. At December 31, 2016, includes ($2,448) million for treasury stock, ($1) million for the compensation element of restricted stock, and $103 million for noncontrolling interest. 2 Related to the Company’s early adoption of the ASU 2016-01 provision related to changes in instrument-specific credit risk beginning January 1, 2016. See Note 1, “Significant Accounting Policies,” and Note 23, “Accumulated Other Comprehensive Loss,” for additional information. 3 For the year ended December 31, 2018, dividends were $4,056 per share for both Series A and B Preferred Stock, $1,469 per share for Series E Preferred Stock, $5,625 per share for Series F Preferred Stock, $5,050 per share for Series G Preferred Stock, and $5,566 per share for Series H Preferred Stock. For the year ended December 31, 2017, dividends were $4,056 per share for both Series A and B Preferred Stock, $5,875 per share for Series E Preferred Stock, $5,625 per share for Series F Preferred Stock, $3,128 per share for Series G Preferred Stock, and $669 per share for Series H Preferred Stock. For the year ended December 31, 2016, dividends were $4,067 per share for both Series A and B Preferred Stock, $5,875 per share for Series E Preferred Stock, and $5,625 per share for Series F Preferred Stock. 4 Includes a ($4) million net reclassification of excess tax benefits fromAdditional paid-in capital to Provision for income taxes, related to the Company’s adoption of ASU 2016-09. 5 Related to the Company’s adoption of ASU 2014-09,ASU 2016-01,ASU 2017-12, andASU 2018-02 on January 1, 2018. See Note 1, “SignificantAccounting Policies,” for additional information. See accompanying Notes to Consolidated Financial Statements.