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BB&T Corp (BBT.N)

BBT.N on New York Stock Exchange

46.82USD
17 Nov 2017
Change (% chg)

$0.05 (+0.11%)
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Latest Key Developments (Source: Significant Developments)

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

BB&T says Federal Reserve accepts its capital plan
Thursday, 30 Jun 2016 

BB&T Corp : BB&T announces federal reserve's response to its CCAR capital plan . Board of governors of federal reserve system accepted its capital plan . Capital actions include a recommendation to increase quarterly dividend $0.02 to $0.30 .Says capital distributions of up to $640 million in share repurchase transactions beginning in Q3 of 2016.  Full Article

BB&T Corporation closes on Swett & Crawford acquisition
Saturday, 2 Apr 2016 

BB&T Corporation:Has completed its acquisition of CGSC North America Holdings Corporation from Cooper Gay Swett & Crawford.  Full Article

BB&T Corporation to acquire Swett & Crawford
Thursday, 25 Feb 2016 

BB&T Corporation:Reached an agreement to acquire CGSC North America Holdings Corporation (Swett & Crawford) from Cooper Gay Swett & Crawford.Under the terms of the agreement, BB&T will acquire Swett & Crawford for $500 million in cash.Transaction, which exceeds BB&T's acquisition criteria, is expected to add more than $200 million in annual revenue to BB&T Insurance.BB&T expects to record approximately $500 million of goodwill and intangibles as a result of this acquisition.The transaction, which is subject to regulatory approval, is expected to close in the first half of 2016.This transaction excludes Swett & Crawford's non-U.S. business which accounts for less than five percent of its total revenue.Deutsche Bank Securities Inc. served as financial advisor to BB&T. Willkie Farr & Gallagher LLP served as legal counsel to BB&T in this transaction.  Full Article

BRIEF-Bb&T says Stephen Williams to retire from board

* BB&T - ‍on Oct. 23, Stephen Williams announced intention to retire from board effective as of december 31​ - sec filing Source text for Eikon: Further company coverage: