NEW YORK (TheStreet) -- SunTrust Banks (STI) - Get Report posted earnings and revenue that were above analysts' expectations for the 2016 third quarter on Friday.

Before today's opening bell, the Atlanta-based bank holding company reported earnings of 91 cents per diluted share, surpassing analysts' estimates of 88 cents per share.

Revenue for the quarter was $2.20 billion, while analysts were expecting revenue of $2.15 billion.

"Year-to-date, revenue is up 7% and our efficiency ratio and tangible efficiency ratios have improved by 90 and 100 basis points, respectively. Looking ahead, I remain confident in our ability to drive further long-term value for our shareholders," CEO William H. Rogers, Jr. said in a statement.

Shares of SunTrust closed higher on Thursday.

Separately, TheStreet Ratings Team has a "Buy" rating with a score of B+ on the stock.

The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, increase in net income, expanding profit margins and growth in earnings per share.

The team believes its strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: STI

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