Edition:
India

BB&T Corp (BBT.N)

BBT.N on New York Stock Exchange

52.23USD
19 Jun 2018
Change (% chg)

$-0.05 (-0.10%)
Prev Close
$52.28
Open
$51.95
Day's High
$52.26
Day's Low
$51.75
Volume
1,096,783
Avg. Vol
1,151,822
52-wk High
$56.29
52-wk Low
$43.00

Latest Key Developments (Source: Significant Developments)

BB&T Corp Sees Average Total Loans For Q2 Up 1% To 3% Annualized Versus Q1
Thursday, 19 Apr 2018 

April 19 (Reuters) - BB&T Corp ::BB&T CORP SEES AVERAGE TOTAL LOANS FOR Q2 UP 1% TO 3% ANNUALIZED VERSUS Q1.BB&T CORP - SEES Q2 GAAP NET INTEREST MARGIN STABLE VERSUS Q1.BB&T CORP - SEES FY 2018 REVENUE UP 2 PERCENT - 4 PERCENT VERSUS 2017.BB&T CORP - SEES Q2 CORE NET INTEREST MARGIN UP SLIGHTLY VERSUS Q1.BB&T CORP - SEES FY 2018 AVERAGE TOTAL LOANS UP 1 PERCENT TO 3 PERCENT VERSUS 2017.BB&T CORP SEES Q2 GAAP NET INTEREST MARGIN STABLE VERSUS Q1; SEES Q2 CORE NET INTEREST MARGIN UP SLIGHTLY VERSUS Q1.BB&T CORP SEES, IN CREDIT QUALITY, Q2 NCOS TO BE 35 TO 45 BPS - PRESENTATION.  Full Article

BB&T Reports Q4 Earnings Per Share $0.77
Thursday, 18 Jan 2018 

Jan 18 (Reuters) - BB&T Corp ::BB&T REPORTS STRONG FOURTH QUARTER EARNINGS AND RECORD QUARTERLY REVENUES; DILUTED EARNINGS PER SHARE UP 16.1 PERCENT ANNUALIZED COMPARED TO THIRD QUARTER 2017.Q4 EARNINGS PER SHARE $0.77.Q4 EARNINGS PER SHARE VIEW $0.79 -- THOMSON REUTERS I/B/E/S.Q4 REVENUE $2.9 BILLION VERSUS I/B/E/S VIEW $2.83 BILLION.QTRLY AVERAGE LOANS AND LEASES HELD FOR INVESTMENT WERE $142.7 BILLION, FLAT COMPARED TO Q3.QTRLY AVERAGE DEPOSITS WERE $158.0 BILLION COMPARED TO $157.4 BILLION FOR Q3.BB&T - EXCLUDING CERTAIN CHARGES OF $22 MILLION & ADJUSTMENTS RELATED TO TAX REFORM THAT RESULTED IN A NET AFTER-TAX EXPENSE OF $43 MILLION, QTRLY EPS WAS $0.84.QTRLY TAXABLE EQUIVALENT NET INTEREST INCOME $1,682‍​ MILLION VERSUS. $1,606 MILLION LAST YEAR.AT QUARTER-END, COMMON EQUITY TIER 1 TO RISK-WEIGHTED ASSETS WAS 10.0 PERCENT VERSUS 10.2 PERCENT AT Q3-END.EXPECT TO HAVE "STRONG" REVENUE GROWTH IN 2018.TOTAL EXPENSES FOR QUARTER WERE $1.9 BILLION & GAAP EFFICIENCY WAS 64.7 PERCENT, PRIMARILY DUE TO EXPENSES INCURRED RELATED TO TAX REFORM.  Full Article

BB&T Corp CEO Says He Is Likely To Suggest Dividend Increase To Board - CNBC ‍​
Saturday, 23 Dec 2017 

Dec 22 (Reuters) - Bb&T Corp ::BB&T CORP CEO SAYS HE IS LIKELY TO SUGGEST DIVIDEND INCREASE TO BOARD - CNBC ‍​.  Full Article

BB&T Raises Minimum Hourly Pay Rate, Provides One-Time Bonus
Friday, 22 Dec 2017 

Dec 22 (Reuters) - BB&T Corp ::BB&T INVESTS $152 MILLION OF TAX REFORM BENEFITS INTO ASSOCIATES AND COMMUNITIES.RAISING BB&T'S MINIMUM HOURLY PAY RATE FROM $12 TO $15 PER HOUR, EFFECTIVE JAN. 1, 2018.CO TO PROVIDE A SPECIAL, ONE-TIME $1,200 BONUS TO BE PAID IN JANUARY 2018, FOR ALMOST THREE-FOURTHS OF ITS ASSOCIATES.PAY INCREASE & BONUSES DO NOT APPLY TO SENIOR LEADERS OR EXECUTIVE MANAGEMENT TEAM.  Full Article

BB&T sees Q4 net interest income on taxable-equivalent basis to be stable compared with Q3
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - BB&T Corp :BB&T corp sees Q4 net interest income on taxable-equivalent basis to be stable compared with Q3 - presentation slides‍​.BB&T corp - sees Q4 core ‍loans up 2 pct to 4 pct annualized versus. Q3 ​.BB&T corp sees Q4 GAAP net interest margin to be down 3 to 5 BPS versus Q3.  Full Article

BB&T reports Q3 earnings per share of $0.74
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - BB&T Corp :BB&T reports solid third quarter earnings.Q3 earnings per share $0.74.Q3 earnings per share view $0.78 -- Thomson Reuters I/B/E/S.Q3 earnings per share $0.78 excluding items.Q3 revenue $2.9 billion versus I/B/E/S view $2.84 billion.BB&T Corp - ‍taxable-equivalent revenues were $2.9 billion for Q3, down $41 million from Q2 of 2017​.BB&T Corp qtrly ‍average loans and leases held for investment were $142.7 billion compared to $143.1 billion for Q2 of 2017​.BB&T Corp - ‍incurred pre-tax merger-related and restructuring charges of $47 million ($29 million after-tax)​ in quarter.BB&T Corp qtrly ‍average deposits were $157.4 billion compared to $160.3 billion for Q2 of 2017​.BB&T Corp - qtrly taxable equivalent net interest income $‍​1,688 million versus $1,650 million.BB&T Corp - qtrly preliminary risk based common equity tier 1 ratio ‍​10.1 percent versus 10.1 percent last year.BB&T Corp qtrly provision for credit losses was $126 million, compared to $135 million for the prior quarter‍​.  Full Article

BB&T announces settlement resolving FHA-Insured mortgage issues
Thursday, 29 Sep 2016 

BB&T Corp : BB&T announces settlement resolving FHA-insured mortgage issues . Settlement will have no negative effect on BB&T's financial condition or results of operations . Inquiry was settled for $83 million without any admission of liability to avoid cost and uncertainty of potential litigation . In a related matter, BB&T is pursuing a potential recovery of approximately $70 million .Reached agreement with U.S. DOJ settling legacy mortgage matters involving origination of mortgage loans insured by U.S. Department of Housing.  Full Article

BB&T Corp increases quarterly dividend by 7 pct to $0.30 per share
Tuesday, 26 Jul 2016 

Bb&T Corp : BB&T announces 7-percent common stock dividend increase . BB&T Corp says in addition, board authorized a cumulative share buyback of up to $640 million during four quarters beginning in Q3 of 2016 .BB&T Corp says declared a quarterly common stock dividend increase of $0.02 to $0.30 per share.  Full Article

BB&T Corp Q2 earnings per share $0.66
Thursday, 21 Jul 2016 

BB&T Corp Says Excluding Merger : Related and restructuring charges , qtrly EPS $0.71 . Q2 average loans and leases held for investment were $141.1 billion compared to $134.4 billion for Q1 of 2016 . Q2 average deposits were $160.3 billion compared to $149.9 billion for prior quarter . BB&T reports earnings of $541 million, up 19%; record revenue up 18% . Q2 earnings per share $0.66 . Q2 earnings per share view $0.65 -- Thomson Reuters I/B/E/S . Q2 revenue $2.8 billion . Taxable equivalent revenues were $2.8 billion for Q2, up $203 million from q1 of 2016 . Received federal reserve's non-objection to capital plan that includes a seven percent dividend increase and a share repurchase program . Taxable equivalent revenues were $2.8 billion for Q2, up $203 million from Q1 of 2016 .Q2 risk based tier 1 common equity ratio 11.7 percent versus 10.4 percent last year.  Full Article

BRIEF-BB&T Corp Sees Loan Growth To Improve Going Forward

* BB&T CORP - "WE DO EXPECT LOAN GROWTH TO IMPROVE AS WE GO FORWARD" - CONF CALL