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

12 Months Ended

Dec. 31, 2016

Condensed Income Statements, Captions [Line Items]

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

NOTE 22 - PARENT COMPANY FINANCIAL INFORMATION

Statements of Income - Parent Company Only

	Year Ended December 31
(Dollars in millions)	2016			2015			2014
Income
Dividends 1		$1,300			$1,159			$1,057
Interest from loans to subsidiaries	15			8			7
Trading gains/(losses)	2			(1		)	10
Gain on sale of subsidiary	—			—			105
Other income	12			15			13
Total income	1,329			1,181			1,192
Expense
Interest on short-term borrowings	2			1			7
Interest on long-term debt	140			128			122
Employee compensation and benefits 2	57			69			42
Service fees to subsidiaries	12			6			10
Other expense	24			21			11
Total expense	235			225			192
Income before income tax benefit and equity in undistributed income of subsidiaries	1,094			956			1,000
Income tax benefit	59			61			2
Income before equity in undistributed income of subsidiaries	1,153			1,017			1,002
Equity in undistributed income of subsidiaries	725			916			772
Net income		$1,878			$1,933			$1,774
Preferred dividends		($66	)		($64	)		($42	)
Dividends and undistributed earnings allocated to unvested shares	(1		)	(6		)	(10		)
Net income available to common shareholders		$1,811			$1,863			$1,722

¹ Substantially all dividend income is from subsidiaries (primarily the Bank).

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

Balance Sheets - Parent Company Only

	December 31
(Dollars in millions)	2016			2015
Assets
Cash held at SunTrust Bank		$535			$478
Interest-bearing deposits held at SunTrust Bank	1,126			2,115
Interest-bearing deposits held at other banks	23			22
Cash and cash equivalents	1,684			2,615
Trading assets and derivative instruments	—			8
Securities available for sale	147			198
Loans to subsidiaries	2,516			1,627
Investment in capital stock of subsidiaries stated on the basis of the Company’s equity in subsidiaries’ capital accounts:
Banking subsidiaries	23,617			23,324
Nonbanking subsidiaries	1,359			1,291
Goodwill	211			211
Other assets	528			382
Total assets		$30,062			$29,656
Liabilities
Short-term borrowings:
Subsidiaries		$283			$178
Non-affiliated companies	483			582
Long-term debt:
Non-affiliated companies	4,950			4,772
Other liabilities	831			795
Total liabilities	6,547			6,327
Shareholders’ Equity
Preferred stock	1,225			1,225
Common stock	550			550
Additional paid-in capital	9,010			9,094
Retained earnings	16,000			14,686
Treasury stock, at cost, and other 1	(2,449		)	(1,766		)
Accumulated other comprehensive loss, net of tax	(821		)	(460		)
Total shareholders’ equity	23,515			23,329
Total liabilities and shareholders’ equity		$30,062			$29,656

¹ At December 31, 2016, includes ($2,448) million for treasury stock and ($1) million for compensation element of restricted stock.

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

Statements of Cash Flows - Parent Company Only

	Year Ended December 31
(Dollars in millions)	2016			2015			2014
Cash Flows from Operating Activities:
Net income		$1,878			$1,933			$1,774
Adjustments to reconcile net income to net cash provided by operating activities:
Gain on sale of subsidiary	—			—			(105		)
Equity in undistributed income of subsidiaries	(725		)	(916		)	(772		)
Depreciation, amortization, and accretion	3			6			5
Deferred income tax expense/(benefit)	11			(4		)	35
Stock-based compensation	3			11			21
Net securities losses	—			—			2
Net (increase)/decrease in other assets 1	(129		)	(72		)	207
Net increase/(decrease) in other liabilities 1	62			(28		)	29
Net cash provided by operating activities	1,103			930			1,196
Cash Flows from Investing Activities:
Proceeds from maturities, calls, and paydowns of securities available for sale	49			66			71
Proceeds from sales of securities available for sale	4			—			21
Purchases of securities available for sale	(4		)	(15		)	(26		)
Proceeds from sales of auction rate securities	—			—			59
Net (increase)/decrease in loans to subsidiaries	(889		)	1,042			(1,518		)
Proceeds from sale of subsidiary	—			—			193
Net capital contributions to subsidiaries	—			—			(32		)
Other, net	(3		)	(2		)	(10		)
Net cash (used in)/provided by investing activities	(843		)	1,091			(1,242		)
Cash Flows from Financing Activities:
Net increase/(decrease) in short-term borrowings	5			(763		)	(686		)
Proceeds from long-term debt	2,005			—			723
Repayment of long-term debt	(1,784		)	(29		)	(5		)
Proceeds from the issuance of preferred stock	—			—			496
Repurchase of common stock	(806		)	(679		)	(458		)
Repurchase of common stock warrants	(24		)	—			—
Common and preferred dividends paid	(564		)	(539		)	(409		)
Taxes paid related to net share settlement of equity awards 1	(48		)	(36		)	(16		)
Proceeds from the exercise of stock options 1	25			17			10
Net cash used in financing activities	(1,191		)	(2,029		)	(345		)
Net decrease in cash and cash equivalents	(931		)	(8		)	(391		)
Cash and cash equivalents at beginning of period	2,615			2,623			3,014
Cash and cash equivalents at end of period		$1,684			$2,615			$2,623
Supplemental Disclosures:
Income taxes paid to subsidiaries		($886	)		($499	)		($219	)
Income taxes received by Parent Company	812			481			171
Net income taxes paid by Parent Company		($74	)		($18	)		($48	)
Interest paid		$135			$130			$131

¹ Related to the Company's early adoption of ASU 2016-09, certain prior period amounts have been retrospectively reclassified between operating activities and financing activities. See Note 1, "Significant Accounting Policies," for additional information.