Have you been eager to see how SunTrust Banks, Inc. (STI - Free Report) performed in Q4 in comparison with the market expectations? Let’s quickly scan through the key facts from this Atlanta-based commercial banking organization’s earnings release this morning:

An Earnings Beat

SunTrust came out with earnings per share of 90 cents, which surpassed the Zacks Consensus Estimate was 88 cents

A rise in revenues mainly led to the earning beat.

How Was the Estimate Revision Trend?

You should note that the earnings estimate revisions for SunTrust depicted optimism prior to the earnings release. The Zacks Consensus Estimate revised 1.1% upward over the last 30 days.

Notably, SunTrust has a decent earnings surprise history. Before posting earnings beat in Q4, the company delivered positive surprises in all four prior quarters, with average beat of 4.9%

SunTrust Banks Inc. Price and EPS Surprise

SunTrust Banks Inc. Price and EPS Surprise | SunTrust Banks Inc. Quote

Better-than-Expected Revenues

SunTrust posted net revenue (on FTE basis) of $2.19 billion, which outpaced the Zacks Consensus Estimate of $2.17 billion. Further, it was 7% above the year-ago number.

Key Statistics:

• Net interest margin was 3.00%, up 2 basis points year over year
• Provision for credit losses was $101 million, up 98% year over year
• Average consumer and commercial deposits stood at $158 billion as of Dec 31, 2016
• Average loan balances were $142.6 billion as of Dec 31, 2016
• Common Equity Tier 1 (fully phased-in) was 9.48% as of Dec 31, 2016

What Zacks Rank Says

The estimate revisions that we discussed earlier have driven a Zacks Rank #2 (Buy) for SunTrust. However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.