Home lending and mortgage earnings weakened from a year ago at SunTrust Banks Inc., though earnings improved on a quarter-over-quarter basis. Delinquency deteriorated.
From July 1, 2017, through Sept. 30, income before the provision for income taxes was $765 million, according to SunTrust’s third-quarter earnings report.
Income at the Atlanta-based bank-holding company improved from $691 million a year prior and was also up from $752 billion in the prior quarter.
Source: Mortgage Daily