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Bank Stress Tests -- Passes and Fails

PNC (PNC) -- Pass: PNC came in with a ratio of 5.9% under the Fed's review. The bank said in a statement that its capital return plan includes an "increase the quarterly common stock dividend in the second quarter of 2012 and a modest share repurchase program."

Regions Financial (symbol) -- Pass: Regions had a stressed capital ratio of 6.6% and that it will move ahead with a $900 million common stock offering as part of its plan to repurchase the $3.5 billion shares owned by the U.S. Treasury Department under its Troubled Asset Relief Program..

State Street (SST) -- Pass: The custody bank has a stressed capital ratio of 12.5%, but not make a statement following the Fed announcement.

SunTrust (RF) -- Fail: Struggling SunTrust came in with a stressed capital ratio of 4.8%. The bank made no statement following the announcement.

US Bancorp (USB) -- Pass: The Federal reserve said that US Bancorp has stress capital ratio of 5.4%. The bank said in a statement that it would increase its dividend by 56 percent and would move ahead with a buyback of $100 million shares.

Wells Fargo (WFC - Get Report) -- Pass: San Francisco-based Well Fargo had a stressed capital ratio of 6.4% and plans to increase its first quarter dividend by 10 cents to 22 cents per share. "The Federal Reserve's stress test scenario applied a series of very conservative assumptions to validate the industry's ability to perform and maintain adequate capital in the event of unlikely, dire circumstances," CEO John Stumpf said in a statement.

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