EX-11.1 10 dex111.htm EXHIBIT 11.1 Exhibit 11.1

EXHIBIT 11.1

SunTrust Banks, Inc.
Statement re: Computation of Per Share Earnings
(In thousands, except per share data)

 

 

Year Ended December 31

 

 

 

 

 

 

2002

 

2001

 

2000

 

1999

 

1998

 

1997

 

 

 

 

 

 

 

 

 
Basic
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Income before extraordinary gain
 

$

1,331,809

 

$

1,369,219

 

$

1,294,100

 

$

1,123,952

 

$

971,017

 

$

975,923

 
Extraordinary gain, net of taxes
 

 

—  

 

 

6,318

 

 

—  

 

 

202,648

 

 

—  

 

 

—  

 
 
 

 

 

 

 

 

 
Net income
 

$

1,331,809

 

$

1,375,537

 

$

1,294,100

 

$

1,326,600

 

$

971,017

 

$

975,923

 
 
 

 

 

 

 

 

 
Average basic common shares
 

 

282,495

 

 

287,702

 

 

297,834

 

 

317,079

 

 

314,908

 

 

316,436

 
 
 

 

 

 

 

 

 
Income before extraordinary gain
 

$

4.71

 

$

4.76

 

$

4.35

 

$

3.54

 

$

3.08

 

$

3.08

 
Extraordinary gain, net of taxes
 

 

—  

 

 

0.02

 

 

—  

 

 

0.64

 

 

—  

 

 

—  

 
 
 

 

 

 

 

 

 
Earnings per common share - basic
 

$

4.71

 

$

4.78

 

$

4.35

 

$

4.18

 

$

3.08

 

$

3.08

 
 
 

 

 

 

 

 

 
Diluted
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Income before extraordinary gain
 

$

1,331,809

 

$

1,369,219

 

$

1,294,100

 

$

1,123,952

 

$

971,017

 

$

975,923

 
Extraordinary gain, net of taxes
 

 

—  

 

 

6,318

 

 

—  

 

 

202,648

 

 

—  

 

 

—  

 
 
 

 

 

 

 

 

 
Net income
 

$

1,331,809

 

$

1,375,537

 

$

1,294,100

 

$

1,326,600

 

$

971,017

 

$

975,923

 
 
 

 

 

 

 

 

 
Average common shares outstanding
 

 

282,495

 

 

287,702

 

 

297,834

 

 

317,079

 

 

314,908

 

 

316,436

 
Incremental shares outstanding (1)
 

 

3,557

 

 

3,882

 

 

3,122

 

 

4,095

 

 

4,803

 

 

4,496

 
 
 

 

 

 

 

 

 
Average diluted common shares
 

 

286,052

 

 

291,584

 

 

300,956

 

 

321,174

 

 

319,711

 

 

320,932

 
 
 

 

 

 

 

 

 
Income before extraordinary gain
 

$

4.66

 

$

4.70

 

$

4.30

 

$

3.50

 

$

3.04

 

$

3.04

 
Extraordinary gain, net of taxes
 

 

—  

 

 

0.02

 

 

—  

 

 

0.63

 

 

—  

 

 

—  

 
 
 

 

 

 

 

 

 
Earnings per common share - diluted
 

$

4.66

 

$

4.72

 

$

4.30

 

$

4.13

 

$

3.04

 

$

3.04

 
 
 

 

 

 

 

 

 

(1)  Includes the incremental effect of stock options and restricted stock outstanding computed under the treasury stock method.