3 Bank Stocks Attracting More Traders After Earnings Releases

Suntrust Banks Inc. (NYSE:STI) reported its results for the fourth quarter. Net income for Suntrust Banks Inc. fell to $155 million (28 cents per share) vs. $184.4 million (23 cents per share) a year earlier. This is a decline of 15.9% from the year earlier quarter. Revenue was $2.03 billion last quarter. STI beat the mean analyst estimate of 27 cents per share. It fell short of the average revenue estimate of $2.09 billion.

“Our client-centric banking approach is driving momentum in our core business fundamentals,” said William H. Rogers, Jr., chairman and chief executive officer of SunTrust Banks, Inc. “We experienced healthy loan growth again this quarter, particularly in our commercial and industrial portfolio, which we have targeted for expansion. Our favorable deposit growth and mix trends continued. Additionally, credit quality improved with further declines in net charge-offs and nonperforming loans.”

Competitors to Watch: Wells Fargo & Company (NYSE:WFC), JPMorgan Chase & Co. (NYSE:JPM), KeyCorp (NYSE:KEY), PNC Financial Services (NYSE:PNC), Regions Financial Corp. (NYSE:RF), First Horizon National Corp. (NYSE:FHN), Citigroup Inc. (NYSE:C), Bank of America Corp. (NYSE:BAC), Cadence Financial Corp. (NASDAQ:CADE), and BB&T Corporation (NYSE:BBT).

Fifth Third Bancorp (NASDAQ:FITB) reported its results for the fourth quarter. Net income for the Midwest regional bank fell to $314 million (33 cents per share) vs. $333 million (33 cents per share) a year earlier. This is a decline of 5.7% from the year earlier quarter. FITB fell short of the mean analyst estimate of 35 cents per share.

“Fifth Third’s 2011 results clearly demonstrated continued improvement, with net income available to common shareholders more than doubling compared with last year,” said Kevin T. Kabat, president and CEO of Fifth Third Bancorp. “We’re growing our loan portfolio, credit trends continued to improve, and we continue to maintain a strong capital position.”

Competitors to Watch: Huntington Bancshares Inc. (NASDAQ:HBAN), FirstMerit Corporation (NASDAQ:FMER), Dearborn Bancorp, Inc. (NASDAQ:DEAR), Marshall & Ilsley Corp. (NYSE:MI), Wells Fargo & Company (NYSE:WFC), Bank of America Corp. (NYSE:BAC), PNC Financial Services (NYSE:PNC), JPMorgan Chase & Co. (NYSE:JPM), SunTrust Banks, Inc. (NYSE:STI), and PrivateBancorp, Inc. (NASDAQ:PVTB).

Comerica Inc. (NYSE:CMA) reported its results for the fourth quarter. Net income for the Midwest regional bank remained steady at $96 million (48 cents per diluted share) from the same quarter a year ago. CMA beat the mean analyst estimate of 46 cents per share.

“We were pleased to see total loan growth of $1.5 billion, or four percent, on a period-end basis,” said Ralph W. Babb Jr., chairman and chief executive officer. “The growth was driven by a $1.9 billion, or eight percent, increase in commercial loans, particularly in National Dealer Services, Mortgage Banker Finance, Energy Lending, Technology and Life Sciences, and Global Corporate Banking.”

Competitors to Watch: U.S. Bancorp (NYSE:USB), University Bancorp, Inc. (UNIB), Dearborn Bancorp, Inc. (NASDAQ:DEAR), Wells Fargo & Company (NYSE:WFC), Bank of America Corp. (NYSE:BAC), Regions Financial Corp. (NYSE:RF), JPMorgan Chase & Co. (NYSE:JPM), Citizens Republic Bancorp, Inc. (NASDAQ:CRBC), and Old National Bancorp (NYSE:ONB).