SunTrust Banks, the 8th largest U.S. bank, on Monday said second-quarter profit rose 10 percent, helped by growth in lending, asset management and credit cards, and as bad loans dropped by more than half.

The Atlanta-based company, whose business stretches from Maryland to Florida, said net income rose to $364.8 million, or $1.29 a share, from $330.4 million, or $1.17 per share, a year earlier.