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SunTrust Banks, Inc. (Parent Company Only) Financial Information (Tables)
 12 Months Ended
Dec. 31, 2012
Statements of Income/(Loss) - Parent Company Only
 
 
Year Ended December 31
(Dollars in millions)
 
2012
 
2011
 
2010
Income
 
 
 
 
 
 
Dividends1
 

$27

 

$29

 

$28

Interest on loans
 
36

 
11

 
2

Trading income
 
18

 
53

 
44

Other income
 
23

 
132

 
165

Total income
 
104

 
225

 
239

Expense
 
 
 
 
 
 
Interest on short-term borrowings
 
13

 
9

 
9

Interest on long-term debt
 
177

 
226

 
228

Employee compensation and benefits2
 
111

 
(7
)
 
(13
)
Service fees to subsidiaries
 
3

 
11

 
2

Other expense
 
43

 
133

 
21

Total expense
 
347

 
372

 
247

Loss before income tax benefit and equity in undistributed income of subsidiaries
 
(243
)
 
(147
)
 
(8
)
Income tax benefit
 
91

 
49

 
12

(Loss)/income before equity in undistributed income of subsidiaries
 
(152
)
 
(98
)
 
4

Equity in undistributed income of subsidiaries
 
2,110

 
745

 
185

Net income
 
1,958

 
647

 
189

Preferred dividends
 
(12
)
 
(7
)
 
(7
)
Dividends and accretion of discount on preferred stock issued to the U.S. Treasury
 
—

 
(66
)
 
(267
)
Accelerated accretion associated with repurchase of preferred stock issued to the U.S. Treasury
 
—

 
(74
)
 
—

Dividends and undistributed earnings allocated to unvested shares
 
(15
)
 
(5
)
 
(2
)
Net income/(loss) available to common shareholders
 

$1,931

 

$495

 

($87
)
1 Substantially all dividend income received from subsidiaries.
2 Includes incentive compensation allocations between Parent Company and subsidiaries.
Condensed Financial Information Of Parent Company Only Statements Of Financial Condition [Table Text Block]
 
 
As of December 31    
(Dollars in millions)
 
2012
 
2011
Assets
 
 
 
 
Cash held at SunTrust Bank
 

$137

 

$220

Interest-bearing deposits held at SunTrust Bank
 
604

 
1,402

Interest-bearing deposits held at other banks
 
20

 
19

Cash and cash equivalents
 
761

 
1,641

Trading assets
 
103

 
93

Securities available for sale
 
279

 
324

Loans to subsidiaries
 
2,733

 
3,666

Investment in capital stock of subsidiaries stated on the
basis of the Company’s equity in subsidiaries’ capital accounts:
 
 
 
 
Banking subsidiaries
 
22,521

 
21,783

Nonbanking subsidiaries
 
1,368

 
1,278

Goodwill
 
99

 
99

Other assets
 
561

 
397

Total assets
 

$28,425

 

$29,281

Liabilities and Shareholders’ Equity
 

 

Short-term borrowings:
 
 
 
 
Subsidiaries
 

$1,525

 

$392

Non-affiliated companies
 
1,512

 
1,710

Long-term debt:
 
 
 
 
Subsidiaries
 
160

 
160

Non-affiliated companies
 
3,249

 
6,294

Other liabilities
 
1,108

 
766

Total liabilities
 
7,554

 
9,322

Preferred stock
 
725

 
275

Common stock
 
550

 
550

Additional paid in capital
 
9,174

 
9,306

Retained earnings
 
10,817

 
8,978

Treasury stock, at cost, and other1
 
(704
)
 
(899
)
AOCI, net of tax
 
309

 
1,749

Total shareholders’ equity
 
20,871

 
19,959

Total liabilities and shareholders’ equity
 

$28,425

 

$29,281

 
 
 
 
 
1 At December 31, 2012, includes ($656) million for treasury stock and ($48) million for compensation element of restricted stock.
At December 31, 2011, includes ($851) million for treasury stock and ($48) million for compensation element of restricted stock.
Statements of Cash Flow - Parent Company Only
 
Year Ended December 31
(Dollars in millions)
2012
 
2011
 
2010
Cash Flows from Operating Activities:
 
 
 
 
 
Net income

$1,958

 

$647

 

$189

Adjustments to reconcile net income to net cash provided by/(used in) operating activities:
 
 
 
 
 
Equity in undistributed income of subsidiaries
(2,110
)
 
(745
)
 
(185
)
Depreciation, amortization and accretion
10

 
17

 
15

Deferred income tax provision/(benefit)
18

 
(56
)
 
(7
)
Excess tax benefits from stock-based compensation
(11
)
 
—

 
—

Stock option compensation and amortization of restricted stock compensation
35

 
44

 
66

Net loss/(gain) on extinguishment of debt
15

 
(3
)
 
1

Net securities gains
(6
)
 
(92
)
 
(38
)
Net gain on sale of assets
—

 
—

 
(18
)
Contributions to retirement plans
(26
)
 
(8
)
 
(8
)
Net (increase)/decrease in other assets
(190
)
 
(192
)
 
38

Net increase in other liabilities
369

 
130

 
123

Net cash provided by/(used in) operating activities
62

 
(258
)
 
176

Cash Flows from Investing Activities:
 
 
 
 
 
Proceeds from maturities, calls, and repayments of securities available for sale
65

 
61

 
164

Proceeds from sales of securities available for sale
47

 
6,700

 
7,664

Purchases of securities available for sale
(68
)
 
(2,374
)
 
(7,737
)
Proceeds from maturities, calls, and repayments of trading securities
2

 
137

 
97

Proceeds from sales of trading securities
—

 
75

 
79

Net change in loans to subsidiaries
940

 
(3,185
)
 
221

Capital contributions to subsidiaries
(150
)
 
(250
)
 
—

Other, net
—

 
—

 
22

Net cash provided by investing activities
836

 
1,164

 
510

Cash Flows from Financing Activities:
 
 
 
 
 
Net increase in other short-term borrowings
935

 
463

 
5

Proceeds from the issuance of long-term debt
15

 
1,749

 
—

Repayment of long-term debt
(3,073
)
 
(482
)
 
(350
)
Proceeds from the issuance of preferred stock
438

 
103

 
—

Proceeds from the issuance of common stock
—

 
1,017

 
—

Repurchase of preferred stock
—

 
(4,850
)
 
—

Proceeds from the exercise of stock options
15

 
—

 
—

Excess tax benefits from stock option compensation
11

 
—

 
—

Dividends paid
(119
)
 
(131
)
 
(259
)
Purchase of outstanding warrants
—

 
(11
)
 
—

Net cash used in financing activities
(1,778
)
 
(2,142
)
 
(604
)
Net (decrease)/increase in cash and cash equivalents
(880
)
 
(1,236
)
 
82

Cash and cash equivalents at beginning of period
1,641

 
2,877

 
2,795

Cash and cash equivalents at end of period

$761

 

$1,641

 

$2,877

Supplemental Disclosures:
 
 
 
 
 
Income taxes received from/(paid to) subsidiaries

$621

 

($2
)
 

($338
)
Income taxes (paid)/received by Parent Company
(605
)
 
(66
)
 
406

Net income taxes received/(paid) by Parent Company

$16

 

($68
)
 

$68

Interest paid

$189

 

$246

 

$233

Accretion of discount for preferred stock issued to the U.S. Treasury
—

 
80

 
25

Noncash capital contribution to subsidiary
—

 
—

 
997