STI 2018 Annual Report

Notes to Consolidated Financial Statements, continued 170 NOTE 24 - PARENT COMPANY FINANCIAL INFORMATION Statements of Income - Parent Company Only Year Ended December 31 (Dollars in millions) 2018 2017 2016 Income Dividends 1 $2,380 $1,414 $1,300 Interest from loans to subsidiaries 30 25 15 Interest from deposits at banks 25 22 12 Other income 34 5 2 Total income 2,469 1,466 1,329 Expense Interest on short-term borrowings 6 4 2 Interest on long-term debt 161 137 140 Employee compensation and benefits 2 40 103 57 Service fees to subsidiaries 9 12 12 Other expense 19 33 24 Total expense 235 289 235 Income before income tax benefit and equity in undistributed income of subsidiaries 2,234 1,177 1,094 Income tax benefit 20 72 59 Income before equity in undistributed income of subsidiaries 2,254 1,249 1,153 Equity in undistributed income of subsidiaries 521 1,024 725 Net income $2,775 $2,273 $1,878 Total other comprehensive (loss)/income, net of tax (446) 1 (356) Total comprehensive income $2,329 $2,274 $1,522 1 Substantially all dividend income is from subsidiaries (primarily the Bank). 2 Includes incentive compensation allocations between the Parent Company and subsidiaries.