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ATLANTA (AP) - SunTrust Banks Inc. Tuesday posted a 39 percent jump in third-quarter profit, as loan growth and its acquisition of National Commerce Financial Corp. helped the bottom line.
Net income rose to $510.8 million, or $1.40 a share, from $368.8 million, or $1.30 a share, a year earlier, the Atlanta-based company said.
However, the latest results included charges of $7.5 million for the acquisition of National Commerce. Excluding items, SunTrust said it would have earned $518.3 million, or $1.42 a share.
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