Higher Rates, Fee Revenues to Aid SunTrust (STI) Q1 Earnings

SunTrust Banks, Inc. STIis scheduled to report first-quarter 2018 results on Apr 20, before the opening bell. Its revenues and earnings are projected to grow year over year.

Last quarter, the company’s earnings surpassed the Zacks Consensus Estimate. Results benefited from improvement in revenues, stable adjusted expenses and lower provisions.

However, a decline in loan and deposit balances was the undermining factor.

SunTrust has an impressive earnings surprise history. Its earnings surpassed the Zacks Consensus Estimate in three and matched in one, over the trailing four quarters, the average beat being 3.1%.