Suntrust continues to rebound like much of the banking sector. During the first 3 months of the year, Atlanta’s largest bank earned $250 million. That’s up 39% for the year before.
More people refinanced their mortgages in the first quarter. Some to take advantage of low interest rates, others joined a new government program to help those who owe more than their home is worth.
That was good news for Suntrust. Mortgage income rose to $63 million dollars. That compares to a $26 million loss a year ago.
Read this story now for free
To continue reading, sign up for our newsletter and get unlimited access to WABE.org
You can select your preferences for news and local content. We will never share your email address. Learn how your newsletter sign-up will support WABE and Public Media
