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

12 Months Ended

Dec. 31, 2017

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)	2017		2016			2015
Income
Dividends 1		$1,414		$1,300			$1,159
Interest from loans to subsidiaries	25		15			8
Interest from deposits at banks	22		12			5
Other income	5		2			9
Total income	1,466		1,329			1,181
Expense
Interest on short-term borrowings	4		2			1
Interest on long-term debt	137		140			128
Employee compensation and benefits 2	103		57			69
Service fees to subsidiaries	12		12			6
Other expense	33		24			21
Total expense	289		235			225
Income before income tax benefit and equity in undistributed income of subsidiaries	1,177		1,094			956
Income tax benefit	72		59			61
Income before equity in undistributed income of subsidiaries	1,249		1,153			1,017
Equity in undistributed income of subsidiaries	1,024		725			916
Net income		$2,273		$1,878			$1,933
Total other comprehensive income/(loss), net of tax	1		(356		)	(338		)
Total comprehensive income		$2,274		$1,522			$1,595

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)	2017			2016
Assets
Cash held at SunTrust Bank		$701			$535
Interest-bearing deposits held at SunTrust Bank	2,144			1,126
Interest-bearing deposits held at other banks	24			23
Cash and cash equivalents	2,869			1,684
Securities available for sale	123			147
Loans to subsidiaries	1,218			2,516
Investment in capital stock of subsidiaries stated on the basis of the Company’s equity in subsidiaries’ capital accounts:
Banking subsidiaries	24,590			23,617
Nonbanking subsidiaries	1,423			1,359
Goodwill	211			211
Other assets	547			528
Total assets		$30,981			$30,062
Liabilities
Short-term borrowings:
Subsidiaries		$205			$283
Non-affiliated companies	350			483
Long-term debt:
Non-affiliated companies	4,466			4,950
Other liabilities	909			831
Total liabilities	5,930			6,547
Shareholders’ Equity
Preferred stock	2,475			1,225
Common stock	550			550
Additional paid-in capital	9,000			9,010
Retained earnings	17,540			16,000
Treasury stock, at cost, and other	(3,694		)	(2,449		)
Accumulated other comprehensive loss, net of tax	(820		)	(821		)
Total shareholders’ equity	25,051			23,515
Total liabilities and shareholders’ equity		$30,981			$30,062

Statements of Cash Flows - Parent Company Only

	Year Ended December 31
(Dollars in millions)	2017			2016			2015
Cash Flows from Operating Activities:
Net income		$2,273			$1,878			$1,933
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed income of subsidiaries	(1,024		)	(725		)	(916		)
Depreciation, amortization, and accretion	5			3			6
Deferred income tax expense/(benefit)	5			11			(4		)
Stock-based compensation	—			3			11
Net securities (gains)/losses	(1		)	—			—
Net increase in other assets	(15		)	(129		)	(72		)
Net increase/(decrease) in other liabilities	122			62			(28		)
Net cash provided by operating activities	1,365			1,103			930
Cash Flows from Investing Activities:
Proceeds from maturities, calls, and paydowns of securities available for sale	38			49			66
Proceeds from sales of securities available for sale	1			4			—
Purchases of securities available for sale	(17		)	(4		)	(15		)
Net decrease/(increase) in loans to subsidiaries	1,298			(889		)	1,042
Other, net	—			(3		)	(2		)
Net cash provided by/(used in) investing activities	1,320			(843		)	1,091
Cash Flows from Financing Activities:
Net (decrease)/increase in short-term borrowings	(211		)	5			(763		)
Proceeds from long-term debt	9			2,005			—
Repayment of long-term debt	(482		)	(1,784		)	(29		)
Proceeds from the issuance of preferred stock	1,239			—			—
Repurchase of common stock	(1,314		)	(806		)	(679		)
Repurchase of common stock warrants	—			(24		)	—
Common and preferred dividends paid	(723		)	(564		)	(539		)
Taxes paid related to net share settlement of equity awards	(39		)	(48		)	(36		)
Proceeds from the exercise of stock options	21			25			17
Net cash used in financing activities	(1,500		)	(1,191		)	(2,029		)
Net increase/(decrease) in cash and cash equivalents	1,185			(931		)	(8		)
Cash and cash equivalents at beginning of period	1,684			2,615			2,623
Cash and cash equivalents at end of period		$2,869			$1,684			$2,615
Supplemental Disclosures:
Income taxes paid to subsidiaries		($489	)		($886	)		($499	)
Income taxes received by Parent Company	414			812			481
Net income taxes paid by Parent Company		($75	)		($74	)		($18	)
Interest paid		$140			$135			$130