SunTrust Banks, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported net income of $426 million against $356 million a year ago. Net income available to common shareholders was $413 million against $350 million a year ago. Total revenue - FTE was $2,061 million against $2,291 million a year ago. Diluted net income per average common share was $0.77 against $0.65 a year ago. Return on average total assets was 0.97% against 0.81% a year ago. Return on average common shareholders' equity was 7.99% against 6.86% a year ago. Return on average tangible common shareholders' equity was 11.61% against 10.04% a year ago. Book value per common share was $38.61 against $37.59 a year ago. Tangible book value per common share was $27.01 against $25.98 a year ago. Non-GAAP net interest income was $1,213 million against $1,246 million a year ago. Net interest income was $1,247 million against $1,276 million a year ago. Net interest income decreased $29 million compared to the fourth quarter of 2012 primarily due to lower earning asset yields.

For the year, the company reported net income of $1,344 million against $1,958 million a year ago. Net income available to common shareholders was $1,297 million against $1,931 million a year ago. Total revenue - FTE was $8,194 million against $10,598 million a year ago. Diluted net income per average common share was $2.41 against $3.59 a year ago. Return on average total assets was 0.78% against 1.11% a year ago. Return on average common shareholders' equity was 6.34% against 9.56% a year ago. Return on average tangible common shareholders' equity was 9.25% against 14.02% a year ago. Non-GAAP net interest income was $4,853 million against $5,102 million a year ago.

Net charge-offs were $128 million during the quarter compared to $146 million for the prior quarter and $398 million for the fourth quarter of 2012. The decrease in net charge-offs from the prior quarter and fourth quarter of 2012 was primarily driven by lower commercial and residential loan charge-offs.