SunTrust Banks, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2018. For the quarter, the company reported total revenue was $2,365 million against $2,267 million a year ago. Total revenue-FTE was $2,388 million against $2,305 million a year ago. Net income was $658 million against $740 million a year ago. Diluted net income per average common share was $1.4 against $1.48 a year ago. Basic net income per average common share was $1.41 against $1.5 a year ago. Net interest income was $1,547 million against $1,434 million a year ago. Net interest income- FTE was $1,570 million against $1,472 million a year ago. Operating losses were $39 million in the current quarter, compared to $23 million in the fourth quarter of 2017.

For the full year, the company reported total revenue was $9,213 million against $8,987 million a year ago. Total revenue- FTE was $9,301 million against $9,132 million a year ago. Net income was $2,775 million against $2,273 million a year ago. Diluted net income per average common share was $5.74 against $4.47 a year ago. Basic net income per average common share was $5.79 against $4.53 a year ago. For the year ended December 31, 2018, net interest income was $6.1 billion, a $297 million, or 5%, increase compared to the year ended December 31, 2017.

Net charge-offs for the current quarter were $97 million, or 0.26% of total average LHFI on an annualized basis, compared to 0.24% during the prior quarter and 0.29% during the fourth quarter of 2017.