SunTrust Banks, Inc. (Parent Company Only) Financial Information

12 Months Ended

Dec. 31, 2014

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Financial Information of Parent Company Only Disclosure [Text Block]

SUNTRUST BANKS, INC. (PARENT COMPANY ONLY) FINANCIAL INFORMATION

Statements of Income - Parent Company Only

	Year Ended December 31
(Dollars in millions)	2014			2013				2012
Income
Dividends 1		$1,057			$1,200				$27
Interest on loans	7			10				36
Trading income	10			16				18
Gain on sale of subsidiary	105			—				—
Other income	13			7				23
Total income	1,192			1,233				104
Expense
Interest on short-term borrowings	7			12				13
Interest on long-term debt	122			96				177
Employee compensation and benefits 2	42			24				111
Service fees to subsidiaries	10			3				3
Other expense	11			(113		)	3	43
Total expense	192			22				347
Income/(loss) before income tax benefit and equity in undistributed income of subsidiaries	1,000			1,211				(243		)
Income tax benefit	2			8				91
Income/(loss) before equity in undistributed income of subsidiaries	1,002			1,219				(152		)
Equity in undistributed income of subsidiaries	772			125				2,110
Net income	1,774			1,344				1,958
Preferred dividends	(42		)	(37		)		(12		)
Dividends and undistributed earnings allocated to unvested shares	(10		)	(10		)		(15		)
Net income available to common shareholders		$1,722			$1,297				$1,931

¹ Substantially all dividend income received from subsidiaries.

² Includes incentive compensation allocations between the Parent Company and subsidiaries.

³ Includes the transfer to STM of certain mortgage legal-related expenses recorded at the Parent Company in prior years.

Balance Sheets - Parent Company Only

	December 31
(Dollars in millions)	2014			2013
Assets
Cash held at SunTrust Bank		$192			$238
Interest-bearing deposits held at SunTrust Bank	2,410			2,756
Interest-bearing deposits held at other banks	21			20
Cash and cash equivalents	2,623			3,014
Trading assets and derivatives	26			92
Securities available for sale	251			316
Loans to subsidiaries	2,669			1,311
Investment in capital stock of subsidiaries stated on the basis of the Company’s equity in subsidiaries’ capital accounts:
Banking subsidiaries	22,783			21,772
Nonbanking subsidiaries	1,222			1,465
Goodwill	211			99
Other assets	298			534
Total assets		$30,083			$28,603
Liabilities and Shareholders’ Equity
Short-term borrowings:
Subsidiaries		$243			$656
Non-affiliated companies	1,281			1,554
Long-term debt:
Subsidiaries	—			160
Non-affiliated companies	4,815			4,111
Other liabilities	847			819
Total liabilities	7,186			7,300
Preferred stock	1,225			725
Common stock	550			550
Additional paid in capital	9,089			9,115
Retained earnings	13,295			11,936
Treasury stock, at cost, and other 1	(1,140		)	(734		)
Accumulated other comprehensive loss, net of tax	(122		)	(289		)
Total shareholders’ equity	22,897			21,303
Total liabilities and shareholders’ equity		$30,083			$28,603

¹ At December 31, 2014, includes ($1.1) billion for treasury stock and ($21) million for compensation element of restricted stock.

At December 31, 2013, includes ($684) million for treasury stock and ($50) million for compensation element of restricted stock.

Statements of Cash Flows - Parent Company Only

	Year Ended December 31
(Dollars in millions)	2014			2013			2012
Cash Flows from Operating Activities:
Net income		$1,774			$1,344			$1,958
Adjustments to reconcile net income to net cash provided by operating activities:
Gain on sale of subsidiary	(105		)	—			—
Equity in undistributed income of subsidiaries	(772		)	(125		)	(2,110		)
Depreciation, amortization, and accretion	5			5			10
Deferred income tax expense	35			74			18
Stock-based compensation	21			34			35
Net loss on extinguishment of debt	—			—			15
Net securities losses/(gains)	2			(2		)	(6		)
Net decrease/(increase) in other assets	207			51			(188		)
Net increase/(decrease) in other liabilities	7			(339		)	332
Net cash provided by operating activities	1,174			1,042			64
Cash Flows from Investing Activities:
Proceeds from maturities, calls, and paydowns of securities available for sale	71			55			65
Proceeds from sales of securities available for sale	21			57			47
Purchases of securities available for sale	(26		)	(25		)	(68		)
Proceeds from sales of auction rate securities	59			8			—
Net (increase)/decrease in loans to subsidiaries	(1,518		)	1,422			940
Proceeds from sale of subsidiary	193			—			—
Net capital contributions to subsidiaries	(32		)	—			(150		)
Other, net	(10		)	—			—
Net cash (used in)/provided by investing activities	(1,242		)	1,517			834
Cash Flows from Financing Activities:
Net (decrease)/increase in short-term borrowings	(686		)	(827		)	935
Proceeds from long-term debt	723			888			15
Repayment of long-term debt	(5		)	(9		)	(3,073		)
Proceeds from the issuance of preferred stock	496			—			438
Repurchase of common stock	(458		)	(150		)	—
Incentive compensation related activity	16			17			26
Common and preferred dividends paid	(409		)	(225		)	(119		)
Net cash used in financing activities	(323		)	(306		)	(1,778		)
Net (decrease)/increase in cash and cash equivalents	(391		)	2,253			(880		)
Cash and cash equivalents at beginning of period	3,014			761			1,641
Cash and cash equivalents at end of period		$2,623			$3,014			$761
Supplemental Disclosures:
Income taxes (paid to)/received from subsidiaries		($219	)		($195	)		$621
Income taxes received from/(paid by) by Parent Company	171			55			(605		)
Net income taxes (paid)/received by Parent Company		($48	)		($140	)		$16
Interest paid		$131			$112			$189