SunTrust Banks Inc. reported record fourth quarter net income on the strength of accelerating loan growth, stable margins, a lower loan-loss provision, and a continuing share repurchase program.

SunTrust, which has $43 billion of assets, earned $132.3 million in the quarter, 11% above the $119.2 million gain recorded in the year-ago quarter. Earnings of $1.13 a share came in one cent above Wall Street consensus estimates.

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