SunTrust Mortg Earnings, Lending & Servicing Down
Company-wide earnings up
April 23, 2018
By Mortgage Daily staff
Although company-wide earnings ascended at SunTrust Banks Inc. — mortgage income, originations and third-party servicing were all down on a quarterly basis.
First-quarter 2018 earnings data indicate SunTrust earned $792 million before the provision for income taxes during the three months ended March 31.
Income at the Atlanta-based bank-holding company improved form $629 billion in the same three months during 2017 and $668 million in the prior three-month period.
