SunTrust Banks, Inc.

SunTrust Banks, Inc.

SunTrust Banks, Inc.

Overview
Date Founded

1984

Headquarters

303 Peachtree Street NE,Atlanta, GA 30308

Type of Company

Public

Employees (Worldwide)

22.9K

Industries

Retail & Commercial Banking
Accounting & Financial Services
Consumer Finance

Company Description

SunTrust Banks, Inc. is a bank and financial holding company that engages in the provision of financial services. It offers deposit, credit, mortgage banking, trust and investment, asset management, securities brokerage, and capital market services. It operates through the following segments: Consumer, Wholesale, and Corporate Other. The Consumer segment consists of consumer banking, lending, wealth management, and mortgage banking services. The Wholesale segment relates to advisory, capital raising, and financial risk management; commercial and business banking, commercial real estate; as well as treasury and payment solutions. The Corporate Other segment covers management of the company's investment securities portfolio, long-term debt, end user derivative instruments, short-term liquidity and funding activities, balance sheet risk management, and most real estate assets. The company was founded in July 12, 1984 and is headquartered in Atlanta, GA.

Contact Data
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Executives & Employees

Chairman & Chief Executive Officer

Vice Chairman & Co-Chief Operating Officer

Co-Chief Operating Officer

Corporate Executive Vice President General Counsel

Executive Vice President & Chief Risk Officer

Chief Risk Officer

Chief Information Officer

Chief Human Resources Officer

President & Chief Executive Officer, SunTrust Mortgage, Inc

Chief Executive Officer of SunTrust Bank, Central Group, Executive Vice President

Board of Directors

Chief Executive Officer at Adesso Group LLC

Philanthropic Services Executive at Community Foundation of Broward

Former President & Chief Executive Officer at Global Payments Inc.

President, Chief Executive Officer & Director at WestRock Co.

Former Chief Compliance Officer at Bank of America Corp.

Former Director at Office Depot, Inc.

Chairman of the Board, President & Chief Executive Officer at Genuine Parts Company

Executive Vice President & Chief Financial Officer at Cox Enterprises, Inc.

Corporate Executive Vice President General Counsel at SunTrust Banks, Inc.

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SunTrust Banks, Inc.
Owners & Shareholders
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UBS's wealth management division offers high net worth individuals a range of advisory and investment products and services. UBS offers brokerage services and products as well as asset management and other investment advisory and portfolio management products and services.

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Boston Partners primarily provides advice using a value style approach for large-cap equity, mid-cap equity, small-cap equity, long/short equity, alpha extension, global equity, and international equity. Their investment process is grounded in bottom-up fundamental analysis. The firm employs an efficient and repeatable investment process designed to identify companies with: attractive valuations, sound business fundamentals and improving business momentum. Boston Partners' investment strategies include several long/short equity products which include selling securities short. The securities sold short may not be considered \"value\" securities but are considered to be overvalued by Boston Partners on its quantitative screening and fundamental security analysis. For certain long/short portfolios, they use single name security swaps, negotiated on a bilateral basis and not cleared through a central clearing facility. Swaps are used to provide short exposure in markets where physical shorting is not allowed or to obtain exposure to a security to manage margin requirements more efficiently.

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LSV Asset Management is a quantitative value equity manager that provides active investment management for institutional investors through the application of proprietary investment models. The firm's investment approach is based on the premise that superior long-term results can be achieved by systematically exploiting the judgmental biases and behavioral weaknesses that influence the decisions of many investors. LSV uses a strictly quantitative investment model to identify out-of-favor (undervalued) stocks that have the potential for near-term appreciation. Their portfolios typically have a deep value orientation relative to the indices. Market timing is not part of LSV's process and portfolios are generally fully invested with cash levels usually below 2 percent. LSV selects individual securities using a bottom-up, quantitative approach. All of their investment strategies use the same approach with investments segmented into different market-cap ranges and/or geographic regions. Portfolio turnover is approximately 30 percent for each strategy. LSV also offers socially responsible investment portfolios and has a strict policy against using soft dollars.

Recent Transactions
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BB&T Corp. purchases SunTrust Banks, Inc.

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IPFS Corporation purchases Premium Assignment Corp. from SunTrust Banks, Inc.

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SunTrust Banks, Inc. purchases Pillar Financial LLC /2 Subsidiaries from Pillar Financial LLC

Insider Transactions
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Transaction Advisors
Accountant

Advised onSunTrust Banks, Inc. purchases Crestar Financial Corp.

Investment Advisor

Advised onBB&T Corp. purchases SunTrust Banks, Inc.

Legal Advisor

Advised onSunTrust Banks, Inc. purchases Crestar Financial Corp.

Legal Advisor

Advised onBB&T Corp. purchases SunTrust Banks, Inc.

Legal Advisor

Advised onSunTrust Banks, Inc. purchases National Commerce Financial Corp. (Tennessee)

Legal Advisor

Advised onBB&T Corp. purchases SunTrust Banks, Inc.

Advisors & Consultants
Legal Advisor

Partner at Schulte Roth & Zabel LLP

Advisor

Former Corporate Executive Vice President & Chief Financial Officer at SunTrust Banks, Inc.

Legal Advisor

Shareholder at GrayRobinson PA

Clients

GreenSky, Inc. is a technology company. It powers commerce at the point of sale. Its platform facilitates merchant sales, while reducing the friction, and improving the economics, associated with a consumer making a purchase and a bank extending financing for that purchase. The company was founded by David Zalik in 2006 and is headquartered in Atlanta, GA.

Navicent Health provides general healthcare services. The company operates The Medical Center of Central Georgia, outpatient clinics and Carlyle Place, an assisted-living center. It offers comprehensive home care services, cardiac, neurology and orthopedics programs. Central Georgia Health System was founded in 1994 and is headquartered in Macon, GA.

Key Stats and Financials As of 2018
Market Capitalization
$29.5B
Total Enterprise Value
$43.5B
Earnings Per Share
$5.74
Revenue
$10.4B
Total Equity
$24.3B
Debt TEV
0.55x
Enterprise Value Sales
4.17x
Total Debt
$23.8B
TEVNet Income
15.69x
Net Profit
$2.78B
Three Year Compounded Annual Growth Rate Of Revenue
8.25%
Five Year Compounded Annual Growth Rate Of Revenue
4.39%
Non-Profit Donations & Grants
Political Donations
Investments
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Finxact, Inc. develops core-as-a-service banking technology. It allow banks to deliver new services for today's omni-channel consumer. The company was founded by Francis R. Sanchez, Michael A. Sanchez, Deborah Kovacs, Dylan Phillips, Dan H. McKinney and Jim Joyce and is headquartered in Jacksonville, FL.

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Greenlight Financial Technology, Inc. provides debit cards for kids, teens, and college students. Through its mobile application, its platform allows users to automate allowances, send money, and receive real-time notifications. The company was founded by Timothy P. Sheenan, Johnson Cook, and John Hagelgans in 2014 and is headquartered in Atlanta, GA.

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Prosper Marketplace, Inc. operates as a holding company with interest in operating a peer-to-peer online credit platform. The firm through its subsidiary Proper Funding operates an online marketplace that permits the lender members to bid on loan listings and purchases. It handles the funding and servicing of the loan on behalf of the matched borrowers and investors. The company was founded by Christian A. Larsen and John B. Witchel in 2005 and is headquartered in San Francisco, CA.

Investors
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Founder at Legendary Communities Alabama LLC

Suppliers
GP Strategies Corp. Computer Software | Columbia, MD

GP Strategies Corp. provides training, e-Learning solutions, management consulting and engineering services. It operates through the following segments: Learning Solutions, Professional & Technical Services, Sandy Training & Marketing, and Performance Readiness Solutions. The Learning Solutions segment delivers training, curriculum design and development, e-Learning services, system hosting, training business process outsourcing and consulting services to companies in the electronics and semiconductors, healthcare, software, financial and other industries as well as to government agencies. The Professional & Technical Services segment provides training, consulting, engineering and technical services, including lean consulting, emergency preparedness, safety and regulatory compliance, chemical demilitarization and environmental services to large companies in the manufacturing, steel, pharmaceutical and petrochemical industries, federal and state government agencies and large government contractors. The Sandy Training & Marketing segment provides custom product sales training. The Performance Readiness Solutions provides performance consulting and technology consulting services, including platform adoption, end-user training, change management, knowledge management, customer product training outsourcing and sales enablement solutions in industries such as manufacturing, aerospace, healthcare, life sciences, consumer products, financial, telecommunications, services and higher education as well as the public sector. The company was founded in 1959 and is headquartered in Columbia, MD.

Cvent, Inc. Pension Funds & Sovereign Wealth | TYSONS CORNER, VA

Cvent, Inc. engages in the provision of meetings, events, and hospitality management technology solutions. The firm offers tools for online event registration, venue selection, event management, mobile apps for events, email marketing, attendee tracking, and customer feedback. It focuses on the industry of association, corporate, education, government, hospitality, non-profit, and third-party planner. The company was founded by Rajeev K. Aggarwal, Sanjeev K. Bansal, Charles V. Ghoorah, David C. Quattrone, and Dwayne J. Sye on August 20, 1999 and is headquartered in Tysons Corner, VA.

LSI Industries, Inc. Building Products & Construction Materials | CINCINNATI, OH

LSI Industries, Inc. provides corporate visual image solutions through the combination of digital and screen graphics capabilities, a variety of indoor and outdoor lighting products, lighting control systems, and related professional services. It operates through the following business segments: Lighting, Graphics, and Corporate and Eliminations. The Lighting segment manufactures and markets outdoor and indoor lighting for the commercial, industrial and multi-site retail markets, including the petroleum / convenience store market. The Graphics segment fabricates and sells exterior and interior visual image elements related to graphics. The Corporate and Eliminations segment includes the company's administrative activities. The company was founded by Robert J. Ready, James P. Sferra, and Donald E. Whipple in 1976 and is headquartered in Cincinnati, OH.

Awards & Honors
Rank #329
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #329
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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