SunTrust net income jumps 39 percent
ATLANTA — SunTrust Banks Inc. said Friday its first-quarter net income jumped 39 percent, as cost cuts and efficiency improvements helped offset a drop in mortgage-related income.
The Atlanta-based regional bank posted net income after paying preferred dividends of $340 million, or 63 cents per share, up from $245 million, or 46 cents per share, in the same quarter the year before.
Analysts, on average, expected earnings of 65 cents per share, according to FactSet.
SunTrust credited the better results to continued cost cuts and improvements in credit quality. Noninterest expense fell 12 percent to $1.36 billion on across-the-board cost cuts.
Net interest income, or earnings from deposits and loans, fell 7 percent to $1.25 billion from $1.34 billion, as the bank made less money off its investments.
Job fair for spouses scheduled at Fort Stewart
FORT STEWART — The U.S. Chamber of Commerce Foundation will host “Hiring Our Heroes – Fort Stewart,” a job fair for spouses of active duty, guard, reserves and retired veterans on Wednesday, April 24.
The event will be held from 10 a.m. to 1 p.m. at Club Stewart, 1020 Hero Road, Building 405.
Interested job seekers should register for free at hoh.greatjob.net. Walk-in employment candidates are allowed.
The job fair is being held in partnership with Army Community Service, the Military Spouse Employment Partnership, the Department of Labor Veterans’ Employment & Training Service, Employer Support of the Guard and Reserve, the U.S. Department of Veterans Affairs, the American Legion and other local partners.
The Hiring Our Heroes Military Spouse Employment Program is designed to improve the lives of working military spouses by lifting them out of unemployment and underemployment.
SAT prep courses available next week
Registration is open for two SAT Prep Courses to review essential skills, teach test-taking strategies and provide practice tests.
Presented by the Division of Continuing Education of Georgia Southern University, the courses begin Monday at Savannah’s Coastal Georgia Center and will end in time for the SAT examination on June 1.
Critical reading prep for the SAT will be held from 6-8 p.m. on Mondays, April 22 through May 27.
Math prep for the SAT will be held from 6-8 p.m. on Tuesdays, April 23 through May 28.
The registration fee for each course is $160/per student. A discounted price of $135/student is available for groups of three or more students.
For more information or to register, go to http://ceps.georgiasouthern.edu/conted/satprep.html. For questions, call Judy Fogarty at 912-644-5967 or email jfogarty@georgiasouthern.edu.
