Financial_Report - Document and Entity Information(USD $ In Millions except Share data unless otherwise specified Entity Registrant Name Entity Central

Financial_Report - Document and Entity Information(USD $ In...

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Unformatted text preview: Document and Entity Information (USD $) In Millions, except Share data, unless otherwise specified Entity Registrant Name Entity Central Index Key Current Fiscal Year End Date Entity Filer Category Document Type Document Period End Date Entity Public Float Document Fiscal Year Focus Document Fiscal Period Focus Amendment Flag Entity Common Stock, Shares Outstanding Entity Well-known Seasoned Issuer Entity Voluntary Filers Entity Current Reporting Status 12 Months Ended Dec. 31, 2014 Feb. 18, 2015 Jun. 30, 2014 SUNTRUST BANKS INC 750556 -19 Large Accelerated Filer 10-K 31-Dec-14 $21,361 2014 FY 0 522,938,524 Yes No Yes Consolidated Statements of Income (USD $) In Millions, except Share data in Thousands, unless otherwise specified Income Statement [Abstract] Gains (Losses) on Sales of Other Real Estate Gains (Losses) on Extinguishment of Debt Interest Income Interest and fees on loans Interest and fees on loans held for sale Interest and Dividend Income, Securities, Available-for-sale Trading account interest and other Total interest income Interest Expense Interest on deposits Interest Expense, Long-term Debt Interest on other borrowings Total interest expense Net, interest income Provision for Loan, Lease, and Other Losses Interest Income (Expense), after Provision for Loan Loss Noninterest Income Service charges on deposit accounts Fees and Commissions, Other Fees and Commissions, Credit and Debit Cards Fees and Commissions, Fiduciary and Trust Activities Investment Advisory, Management and Administrative Fees Investment Banking Revenue Trading Gain (Loss) Servicing Fees, Net Fees and Commissions, Mortgage Banking Gain (Loss) on Disposition of Business Gain (Loss) on Sale of Securities, Net Noninterest Income, Other Operating Income Total noninterest income Noninterest Expense Employee compensation Dec. 31, 2014 ($4) 0 4,617 78 613 76 5,384 235 270 39 544 4,840 342 4,498 645 368 320 423 297 404 182 196 201 105 -15 197 3,323 2,576 Other Labor-related Expenses Outside processing and software Net occupancy expense Equipment Expense Federal Deposit Insurance Corporation Premium Expense Marketing and Advertising Expense Professional Fees Credit and collection services Operating losses Amortization of Intangible Assets and Impairment of Goodwill Other Noninterest Expense Noninterest Expense Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest Income Tax Expense (Benefit) Net Income (Loss), Including Portion Attributable to Noncontrolling Interest Net Income (Loss) Attributable to Noncontrolling Interest Net Income (Loss) Attributable to Parent Net Income (Loss) Available to Common Stockholders, Basic Earnings Per Share, Diluted Earnings Per Share, Basic Common Stock, Dividends, Per Share, Declared Weighted Average Number of Shares Outstanding, Diluted Weighted Average Number of Shares Outstanding, Basic 386 741 340 169 142 134 72 91 441 25 -430 5,543 2,278 493 1,785 11 1,774 $1,722 $3.23 $3.26 $0.70 533,391 527,500 [1] 2 Provision for credit losses represents net charge-offs by segment combined commitment reserve balances. [2] Amortization expense related to qualified affordable housing investment cos adopted in 2014. Prior to 2014, these amounts were recognized in other non 12 Months Ended , 2014 Dec. 31, 2013 $4 0 4,633 107 579 69 5,388 291 210 34 535 4,853 [1] 553 [1] 4,300 657 369 310 518 267 356 182 87 314 0 2 152 3,214 2,488 413 746 348 181 181 135 73 264 503 23 [2] -472 [2] 5,831 1,683 [2] 322 [2] 1,361 17 1,344 $1,297 $2.41 $2.43 $0.35 539,093 534,283 sents net charge-offs by segment combined with an allocation to the segments of the provision attributable to quarterly changes in the qualified affordable housing investment costs is recognized in provision for income taxes for each of the periods presented as allowed b hese amounts were recognized in other noninterest expense. Dec. 31, 2012 $140 16 5,035 112 655 65 5,867 429 299 37 765 5,102 1,395 3,707 676 402 316 512 241 342 211 260 343 0 1,974 96 5,373 2,603 474 710 359 188 233 184 165 239 277 46 -650 [2] 6,284 2,796 812 [2] 1,984 26 1,958 $1,931 $3.59 $3.62 $0.20 538,061 534,149 he provision attributable to quarterly changes in the ALLL and unfunded axes for each of the periods presented as allowed by an accounting standard Consolidated Statements of Comprehensive Income Consolidated Statement of 12 Months Ended Comprehensive Income (USD $) In Millions, unless otherwise specified Dec. 31, 2014 Dec. 31, 2013 Dec. 31, 2012 Statement of Comprehensive Income [Abstract] Net Income (Loss) Attributable to Parent Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent Comprehensive Income (Loss), Net of Tax, Attributable to Parent $1,774 $1,344 $1,958 375 -597 -1,343 -182 -253 -37 -26 252 -60 167 -598 -1,440 $1,941 $746 $518 Consolidated Statements of Comprehensive Income Consolidated Statement of 12 Months Ended Comprehensive Income (Parenthetical) In Millions, unless otherwise specified Dec. 31, 2014 Dec. 31, 2013 Dec. 31, 2012 (USD $) Statement of Comprehensive Income [Abstract] Other Comprehensive Income (Loss), Available-for-sale Securities, Tax Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Tax Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net Unamortized Gain (Loss) Arising During Period, Tax $218 ($349) ($738) -106 -148 -25 ($15) $147 ($35) Consolidated Balance Sheets (USD $) In Millions, except Share data, unless otherwise specified Assets Cash and Due from Banks Federal Funds Sold and Securities Purchased under Agreements to Resell Interest-bearing Deposits in Banks and Other Financial Institutions Cash and cash equivalents Trading assets Available-for-sale Securities Loans Held for Sale Loans held for investment Loans and Leases Receivable, Allowance Net loans Premises and equipment Goodwill Intangible Assets, Net (Excluding Goodwill) Other Assets Total assets Liabilities and Shareholders' Equity Noninterest-bearing consumer and commercial deposits Interest-bearing Deposit Liabilities Total deposits Funds purchased Securities Sold under Agreements to Repurchase Other Short-term Borrowings Long-term Debt Trading liabilities Other Liabilities Total liabilities Preferred Stock, Value, Outstanding Common Stock, Value, Outstanding Additional paid in capital Retained earnings Treasury stock, at cost, and other Accumulated Other Comprehensive Income (Loss), Net of Tax Total shareholders' equity Dec. 31, 2014 $7,047 1,160 22 8,229 6,202 26,770 3,232 133,112 -1,937 131,175 1,508 6,337 1,219 5,656 190,328 41,096 99,471 140,567 1,276 2,276 5,634 13,022 1,227 3,321 167,323 1,225 550 9,089 13,295 -1,032 -122 23,005 Total liabilities and shareholders' equity Common Stock, Shares, Outstanding Common shares authorized Preferred Stock, Shares Outstanding Preferred Stock, Shares Authorized Treasury shares of common stock Treasury Stock and Other Liabilities and Shareholders' Equity Treasury stock, at cost, and other Total shareholders' equity Stockholders' Equity Attributable to Noncontrolling Interest Variable Interest Entity, Primary Beneficiary [Member] Assets Loans Held for Sale Loans held for investment Liabilities and Shareholders' Equity Long-term Debt Restricted Stock [Member] Liabilities and Shareholders' Equity Common Stock, Shares, Outstanding Trading Securities [Member] Liabilities and Shareholders' Equity Pledged Assets Separately Reported, Securities Pledged as Collateral, at Fair Value Available-for-sale Securities [Member] Liabilities and Shareholders' Equity Pledged Assets Separately Reported, Securities Pledged as Collateral, at Fair Value 190,328 524,540,000 750,000,000 12,000 50,000,000 25,381,000 1,119 -1,032 108 0 288 302 2,930,000 1,316 $369 [1] Includes loans held for sale, at fair value, of consolidated VIEs of $0 million a December 31, 2013, respectively. [2] Includes loans of consolidated VIEs of $288 million and $327 million at Dece respectively. [3] Includes debt of consolidated VIEs of $302 million and $597 million at Decem respectively, of which $0 million and $256 million are carried at fair value at respectively. [4] [5] Includes $1.9 billion and $1.4 billion of LHFS carried at fair value at Decembe Includes noncontrolling interest of $108 million and $119 million at Decemb respectively. [6] None of the Company's repurchase or resell transactions met the right of se December 31, 2014 and 2013. [7] Includes restricted shares of 2,930 thousand and 3,984 thousand at Decemb respectively. [8] At December 31, 2014, includes ($1,119) million for treasury stock, ($21) m stock, and $108 million for noncontrolling interest.At December 31, 2013, million for compensation element of restricted stock, and $119 million for no includes ($656) million for treasury stock, ($48) million for compensation ele noncontrolling interest. 31, 2014 Dec. 31, 2013 $4,258 983 22 5,263 [1] 5,040 [1] [2] 22,542 [2] [3],[4] [5] 1,699 [3] 127,877 [5] -2,044 125,833 1,565 6,369 1,334 5,690 175,335 38,800 90,959 129,759 1,192 [6] 1,759 [6] 5,788 [7] 10,700 [7] 1,181 3,534 153,913 725 550 9,115 11,936 [5] -615 [5] -289 21,422 175,335 [7] 536,097,000 [7] 750,000,000 7,000 50,000,000 13,824,000 684 [8] -615 [8] 119 261 327 597 3,984,000 815 $0 r value, of consolidated VIEs of $0 million and $261 million at December 31, 2014 and ly. Es of $288 million and $327 million at December 31, 2014 and December 31, 2013, Es of $302 million and $597 million at December 31, 2014 and December 31, 2013, and $256 million are carried at fair value at December 31, 2014 and December 31, 2013, ion of LHFS carried at fair value at December 31, 2014 and 2013, respectively. of $108 million and $119 million at December 31, 2014 and December 31, 2013, se or resell transactions met the right of setoff criteria for net balance sheet presentation at 0 thousand and 3,984 thousand at December 31, 2014 and December 31, 2013, s ($1,119) million for treasury stock, ($21) million for compensation element of restricted ontrolling interest.At December 31, 2013, includes ($684) million for treasury stock, ($50) t of restricted stock, and $119 million for noncontrolling interest. At December 31, 2012, ry stock, ($48) million for compensation element of restricted stock, and $114 million for Consolidated Balance Sheets (Parenthetical) (USD $) In Millions, except Share data in Thousands, unless otherwise specified Loans Held-for-sale, Fair Value Disclosure Loans Receivable, Fair Value Disclosure Servicing Asset at Fair Value, Amount Deposits, Fair Value Disclosure Long-term Debt, Fair Value Common stock, par value Loans Receivable Held-for-sale, Net Loans held for investment Long-term Debt Common Stock, Shares, Outstanding Variable Interest Entity, Primary Beneficiary [Member] Long-term Debt, Fair Value Loans Receivable Held-for-sale, Net Loans held for investment Long-term Debt Treasury Stock and Other Stockholders' Equity Attributable to Noncontrolling Interest Residential Portfolio Segment [Member] Loans Receivable, Fair Value Disclosure Loans held for investment Restricted Stock [Member] Common Stock, Shares, Outstanding Trading Securities [Member] Pledged Assets Separately Reported, Securities Pledged as Collateral, at Fair Value Available-for-sale Securities [Member] Pledged Assets Separately Reported, Securities Pledged as Collateral, at Fair Value Dec. 31, 2014 $1,892 272 1,206 0 1,283 $1 3,232 133,112 13,022 524,540 0 0 288 302 108 272 38,775 2,930 1,316 $369 [1] Includes debt of consolidated VIEs of $302 million and $597 million at Decem which $0 million and $256 million are carried at fair value at December 31, [2] [3] Includes $1.9 billion and $1.4 billion of LHFS carried at fair value at Decembe Includes noncontrolling interest of $108 million and $119 million at Decemb [4] Includes restricted shares of 2,930 thousand and 3,984 thousand at Decemb c. 31, 2014 Dec. 31, 2013 $1,378 302 1,300 764 1,556 $1 [1],[2] 1,699 [1] [3] 127,877 [3] [4] 10,700 [4] [4] 536,097 [4] 256 261 327 597 119 302 43,190 3,984 815 $0 Es of $302 million and $597 million at December 31, 2014 and December 31, 2013, respectively, of n are carried at fair value at December 31, 2014 and December 31, 2013, respectively. ion of LHFS carried at fair value at December 31, 2014 and 2013, respectively. of $108 million and $119 million at December 31, 2014 and December 31, 2013, respectively. 0 thousand and 3,984 thousand at December 31, 2014 and December 31, 2013, respectively. Consolidated Statements of Shareholders' Equity (USD $) Total Preferred Stock [Member] In Millions, except Share data, unless otherwise specified USD ($) USD ($) Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, beginning of period at Dec. 31, 2011 $20,066 Common Stock, Shares, Outstanding, beginning of period at Dec. 31, 2011 $275 Increase (Decrease) in Stockholders' Equity [Roll Forward] Net Income (Loss) Attributable to Parent 1,958 Other Comprehensive Income (Loss), Net of Tax -1,440 Noncontrolling Interest, Period Increase (Decrease) 7 Dividends, Common Stock, Cash Dividends, Preferred Stock, Cash Stock Issued During Period, Value, New Issues -107 [3] -12 Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period Stock Issued During Period, Value, Stock Options Exercised Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures 21 Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures Adjustments to Additional Paid in Capital, Share-based Compensation, Restricted Stock Unit or Restricted Stock Award, Requisite Service Period Recognition Stock Issued During Period, Shares, Employee Benefit Plan Stock Issued During Period, Value, Employee Benefit Plan Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, end of period at Dec. 31, 2012 6 30 18 20,985 725 Common Stock, Shares, Outstanding, end of period at Dec. 31, 2012 Increase (Decrease) in Stockholders' Equity [Roll Forward] Net Income (Loss) Attributable to Parent 1,344 Other Comprehensive Income (Loss), Net of Tax -598 Noncontrolling Interest, Period Increase (Decrease) 5 Dividends, Common Stock, Cash Dividends, Preferred Stock, Cash Treasury Stock, Shares, Acquired Treasury Stock, Value, Acquired, Cost Method Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period Stock Issued During Period, Value, Stock Options Exercised Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures -188 [3] -37 -150 16 Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures Adjustments to Additional Paid in Capital, Share-based Compensation, Restricted Stock Unit or Restricted Stock Award, Requisite Service Period Recognition Stock Issued During Period, Shares, Employee Benefit Plan Stock Issued During Period, Value, Employee Benefit Plan Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, end of period at Dec. 31, 2013 Common Stock, Shares, Outstanding, end of period at Dec. 31, 2013 Increase (Decrease) in Stockholders' Equity [Roll Forward] 4 32 9 21,422 536,097,000 [4] Net Income (Loss) Attributable to Parent Other Comprehensive Income (Loss), Net of Tax 1,774 167 725 Noncontrolling Interest, Period Increase (Decrease) 5 Dividends, Common Stock, Cash Dividends, Preferred Stock, Cash Stock Issued During Period, Value, New Issues -371 [3] -42 Treasury Stock, Shares, Acquired Treasury Stock, Value, Acquired, Cost Method Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period Stock Issued During Period, Value, Stock Options Exercised Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures -458 4 Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures Adjustments to Additional Paid in Capital, Share-based Compensation, Restricted Stock Unit or Restricted Stock Award, Requisite Service Period Recognition Stock Issued During Period, Shares, Employee Benefit Plan Stock Issued During Period, Value, Employee Benefit Plan Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, end of period at Dec. 31, 2014 Common Stock, Shares, Outstanding, end of period at Dec. 31, 2014 17 27 3 $23,005 $1,225 524,540,000 [4] [1] [2] At December 31, 2014, includes ($1,119) million for treasury stock, ($21) m At December 31, 2014, includes $298 million in unrealized net gains on AF related to employee benefit plans. [3] [4] For the year ended December 31, 2014, dividends were $4,056 per share for Includes restricted shares of 2,930 thousand and 3,984 thousand at Decemb Common Stock [Member] Additional Paid-in Capital [Member] Retained Earnings [Member] USD ($) USD ($) USD ($) $550 $9,306 $8,978 537,000,000 1,958 -107 -12 -44 -63 -13 550 9,174 10,817 539,000,000 1,344 -188 -37 -27 -35 3 550 9,115 11,936 536,000,000 1,774 -371 -42 -16 18 -2 -1 $550 $9,089 $13,295 525,000,000 119) million for treasury stock, ($21) million for compensation element of restricted stock, and $108 million for noncontrolling interest. 8 million in unrealized net gains on AFS securities, $97 million in unrealized net gains on derivative financial instruments, and ($517) mil 4, dividends were $4,056 per share for both Perpetual Preferred Stock Series A and B, and $5,875 per share for Perpetual Preferred Sto usand and 3,984 thousand at December 31, 2014 and December 31, 2013, respectively. Treasury Stock and Other Accumulated Other Comprehensive Income (Loss) [Member] USD ($) USD ($) ($792) [1] $1,749 [2] -1,440 [2] 7 [1] 65 [1] 69 [1] 30 [1] 31 [1] -590 [1] 309 [2] -598 [2] 5 [1] -150 [1] 43 [1] 39 [1] 32 [1] 6 [1] -615 [1] -289 [2] 167 [2] 5 [1] -458 [1] 20 [1] 1 [1] 27 [1] 4 [1] ($1,032) [1] ($122) [2] n for noncontrolling interest.At December 31, 2013, includes ($684) million for treasury stock, ($50) million for compensation element instruments, and ($517) million related to employee benefit plans. At December 31, 2013, includes ($77) million in unrealized net ga e for Perpetual Preferred Stock Series E.For the year ended December 31, 2013, dividends were $4,056 per share for both Perpetual Pre Series F Preferred Stock [Member] Series F Preferred Stock [Member] Preferred Stock [Member] Additional Paid-in Capital [Member] USD ($) USD ($) 500 -4 k, ($50) million for compensation element of restricted stock, and $119 million for noncontrolling interest. At December 31, 2012, incl ncludes ($77) million in unrealized net gains on AFS securities, $279 million in unrealized net gains on derivative financial instruments, e $4,056 per share for both Perpetual Preferred Stock Series A and B, and $5,793 per share for Perpetual Preferred Stock Series E.For th Series B Preferred Stock [Member] Common Stock [Member] USD ($) 438 1,000,000 1,000,000 0 -5,000,000 1,000,000 1,000,000 0 -12,000,000 1,000,000 0 0 oncontrolling interest. At December 31, 2012, includes ($656) million for treasury stock, ($48) million for compensation element of re alized net gains on derivative financial instruments, and ($491) million related to employee benefit plans. At December 31, 2012, inclu er share for Perpetual Preferred Stock Series E.For the year ended December 31, 2012, dividends were $4,052 per share for both Perpe Series B Preferred Stock [Member] Series B Preferred Stock [Member] Preferred Stock [Member] Additional Paid-in Capital [Member] USD ($) USD ($) 450 -12 for treasury stock, ($48) million for compensation element of restricted stock, and $114 million for noncontrolling interest....
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