Have you been eager to see how SunTrust Banks, Inc. STI performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this Atlanta-based commercial banking organization’s earnings release this morning:EarningsSunTrust came out with earnings per share of 84 cents, which surpassed the Zacks Consensus Estimate was 76 cents.Higher revenues mainly led to the earning beat.How Was the Estimate Revision Trend?You should note that the earnings estimate revisions for SunTrust depicted a neutral stance prior to the earnings release. The Zacks Consensus Estimate has remained unchanged at 76 cents over the last 7 days.However, SunTrust has a decent earnings surprise history. Before posting earnings beat in Q1, the company delivered positive surprises in all four prior quarters. Overall, the company surpassed the Zacks Consensus Estimate by an average of 10.82% in the trailing four quarters.RevenuesSunTrust posted net revenue of $2.10 billion, which outpaced the Zacks Consensus Estimate of $2.04 billion. Further, it was 5% above the year-ago number.Key Statistics:Net interest margin was 3.04%, up 21 basis points year over yearProvision for credit losses was $101 million, up 84% year over yearAverage consumer and commercial deposits stood at $149.2 billion as of Mar 31, 2016Average loan balances were $138.4 billion as of Mar 31, 2016Common Equity Tier 1 ("CET1") (transitional) was 9.85% as of Mar 31, 2016During the quarter, SunTrust repurchased $175 million shares What Zacks Rank SaysThe estimate revisions that we discussed earlier have driven a Zacks Rank #3 (Hold) for SunTrust. However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.Check back later for our full write up on this SunTrust earnings report!Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SUNTRUST BKS (STI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research