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

12 Months Ended

Dec. 31, 2015

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

PARENT COMPANY FINANCIAL INFORMATION

Statements of Income - Parent Company Only



	Year Ended December 31
(Dollars in millions)	2015			2014			2013
Income
Dividends ¹		$1,159			$1,057			$1,200
Interest from loans to subsidiaries	8			7			10
Trading (losses)/gains	(1		)	10			16
Gain on sale of subsidiary	—			105			—
Other income	15			13			7
Total income	1,181			1,192			1,233
Expense
Interest on short-term borrowings	1			7			12
Interest on long-term debt	128			122			96
Employee compensation and benefits ²	69			42			24
Service fees to subsidiaries	6			10			3
Other expense	21			11			(113		)	³
Total expense	225			192			22
Income before income tax benefit and equity in undistributed income of subsidiaries	956			1,000			1,211
Income tax benefit	61			2			8
Income before equity in undistributed income of subsidiaries	1,017			1,002			1,219
Equity in undistributed income of subsidiaries	916			772			125
Net income		$1,933			$1,774			$1,344
Preferred dividends		($64	)		($42	)		($37	)
Dividends and undistributed earnings allocated to unvested shares	(6		)	(10		)	(10		)
Net income available to common shareholders		$1,863			$1,722			$1,297

¹Substantially all dividend income is from subsidiaries.

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

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

Balance Sheets - Parent Company Only




	December 31
(Dollars in millions)	2015			2014
Assets
Cash held at SunTrust Bank		$478			$192
Interest-bearing deposits held at SunTrust Bank	2,115			2,410
Interest-bearing deposits held at other banks	22			21
Cash and cash equivalents	2,615			2,623
Trading assets and derivative instruments	8			26
Securities available for sale	198			251
Loans to subsidiaries	1,627			2,669
Investment in capital stock of subsidiaries stated on the basis of the Company’s equity in subsidiaries’ capital accounts:
Banking subsidiaries	23,324			22,783
Nonbanking subsidiaries	1,291			1,222
Goodwill	211			211
Other assets	382			298
Total assets		$29,656			$30,083

Liabilities
Short-term borrowings:
Subsidiaries		$178			$243
Non-affiliated companies	582			1,280
Long-term debt with non-affiliated companies	4,772			4,815
Other liabilities	795			848
Total liabilities	6,327			7,186
Shareholders’ Equity
Preferred stock	1,225			1,225
Common stock	550			550
Additional paid-in capital	9,094			9,089
Retained earnings	14,686			13,295
Treasury stock, at cost, and other ¹	(1,766		)	(1,140		)
Accumulated other comprehensive loss, net of tax	(460		)	(122		)
Total shareholders’ equity	23,329			22,897
Total liabilities and shareholders’ equity		$29,656			$30,083

¹ At December 31, 2015, includes ($1,764) million for treasury stock and ($2) million for compensation element of restricted stock.

At December 31, 2014, includes ($1,119) million for treasury stock and ($21) million for compensation element of restricted stock.

Statements of Cash Flows - Parent Company Only



	Year Ended December 31
(Dollars in millions)	2015			2014			2013
Cash Flows from Operating Activities:
Net income		$1,933			$1,774			$1,344
Adjustments to reconcile net income to net cash provided by operating activities:
Gain on sale of subsidiary	—			(105		)	—
Equity in undistributed income of subsidiaries	(916		)	(772		)	(125		)
Depreciation, amortization, and accretion	6			5			5
Deferred income tax (benefit)/expense	(4		)	35			74
Excess tax benefits from stock-based compensation	(20		)	(6		)	(4		)
Stock-based compensation	11			21			34
Net securities losses/(gains)	—			2			(2		)
Net (increase)/decrease in other assets	(72		)	207			51
Net (decrease)/increase in other liabilities	(64		)	13			(335		)
Net cash provided by operating activities	874			1,174			1,042

Cash Flows from Investing Activities:
Proceeds from maturities, calls, and paydowns of securities available for sale	66			71			55
Proceeds from sales of securities available for sale	—			21			57
Purchases of securities available for sale	(15		)	(26		)	(25		)
Proceeds from sales of auction rate securities	—			59			8
Net decrease/(increase) in loans to subsidiaries	1,042			(1,518		)	1,422
Proceeds from sale of subsidiary	—			193			—
Net capital contributions to subsidiaries	—			(32		)	—
Other, net	(2		)	(10		)	—
Net cash provided by/(used in) investing activities	1,091			(1,242		)	1,517

Cash Flows from Financing Activities:
Net decrease in short-term borrowings	(763		)	(686		)	(827		)
Proceeds from long-term debt	—			723			888
Repayment of long-term debt	(29		)	(5		)	(9		)
Proceeds from the issuance of preferred stock	—			496			—
Repurchase of common stock	(679		)	(458		)	(150		)
Common and preferred dividends paid	(539		)	(409		)	(225		)
Incentive compensation related activity	37			16			17
Net cash used in financing activities	(1,973		)	(323		)	(306		)
Net (decrease)/increase in cash and cash equivalents	(8		)	(391		)	2,253
Cash and cash equivalents at beginning of period	2,623			3,014			761
Cash and cash equivalents at end of period		$2,615			$2,623			$3,014

Supplemental Disclosures:
Income taxes paid to subsidiaries		($499	)		($219	)		($195	)
Income taxes received by Parent Company	481			171			55
Net income taxes paid by Parent Company		($18	)		($48	)		($140	)
Interest paid		$130			$131			$112

Parent Company [Member]

Condensed Income Statement [Table Text Block]



	Year Ended December 31
(Dollars in millions)	2015			2014			2013
Income
Dividends ¹		$1,159			$1,057			$1,200
Interest from loans to subsidiaries	8			7			10
Trading (losses)/gains	(1		)	10			16
Gain on sale of subsidiary	—			105			—
Other income	15			13			7
Total income	1,181			1,192			1,233
Expense
Interest on short-term borrowings	1			7			12
Interest on long-term debt	128			122			96
Employee compensation and benefits ²	69			42			24
Service fees to subsidiaries	6			10			3
Other expense	21			11			(113		)	³
Total expense	225			192			22
Income before income tax benefit and equity in undistributed income of subsidiaries	956			1,000			1,211
Income tax benefit	61			2			8
Income before equity in undistributed income of subsidiaries	1,017			1,002			1,219
Equity in undistributed income of subsidiaries	916			772			125
Net income		$1,933			$1,774			$1,344
Preferred dividends		($64	)		($42	)		($37	)
Dividends and undistributed earnings allocated to unvested shares	(6		)	(10		)	(10		)
Net income available to common shareholders		$1,863			$1,722			$1,297

¹Substantially all dividend income is from subsidiaries.

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

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