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BB&T Corp (BBT.N)

BBT.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

SunTrust Banks, BB&T Announce Truist As Name For Combined Co To Be Created Through Their Merger
Thursday, 13 Jun 2019 

June 12 (Reuters) - SunTrust Banks Inc ::MERGER OF EQUALS BETWEEN BB&T AND SUNTRUST WILL CREATE TRUIST.SUNTRUST BANKS INC - CO, BB&T CORP ANNOUNCED TRUIST AS NAME FOR COMBINED COMPANY TO BE CREATED THROUGH THEIR MERGER OF EQUALS.  Full Article

Federal Reserve Board Terminates Enforcement Action With BB&T Corp
Thursday, 18 Apr 2019 

April 18 (Reuters) - :FEDERAL RESERVE BOARD ANNOUNCES TERMINATION OF ENFORCEMENT ACTION WITH BB&T CORP.  Full Article

BB&T And Suntrust To Combine In Merger Of Equals To Create The Premier Financial Institution
Thursday, 7 Feb 2019 

Feb 7 (Reuters) - BB&T Corp ::BB&T AND SUNTRUST TO COMBINE IN MERGER OF EQUALS TO CREATE THE PREMIER FINANCIAL INSTITUTION.BB&T CORP - ALL-STOCK MERGER OF EQUALS VALUED AT APPROXIMATELY $66 BILLION.BB&T CORP - APPROVED A DEFINITIVE AGREEMENT TO COMBINE IN AN ALL-STOCK MERGER OF EQUALS VALUED AT APPROXIMATELY $66 BILLION.BB&T CORP - COMBINED COMPANY TO OPERATE UNDER A NEW NAME AND BE HEADQUARTERED IN CHARLOTTE, NC.BB&T CORP - GAAP AND CASH EPS ACCRETION PER BB&T SHARE IN 2021 IS EXPECTED TO BE APPROXIMATELY 13% AND 17%, RESPECTIVELY.BB&T CORP - ESTIMATED NET COST SYNERGIES FROM DEAL OF AT LEAST $1.6 BILLION BY 2022.BB&T CORP - GAAP AND CASH EPS ACCRETION PER SUNTRUST SHARE IN 2021 IS EXPECTED TO BE APPROXIMATELY 9% AND 16%, RESPECTIVELY.BB&T CORP - DEAL EXPECTED TO DELIVER APPROXIMATELY $1.6 BILLION IN ANNUAL NET COST SYNERGIES BY 2022..BB&T CORP - COMBINED COMPANY WILL BE SIXTH-LARGEST U.S. BANK BASED ON ASSETS AND DEPOSITS.BB&T CORP - SUNTRUST SHAREHOLDERS WILL RECEIVE 1.295 SHARES OF BB&T FOR EACH SUNTRUST SHARE THEY OWN.BB&T CORP - BB&T SHAREHOLDERS WILL OWN APPROXIMATELY 57% AND SUNTRUST SHAREHOLDERS WILL OWN APPROXIMATELY 43% OF COMBINED COMPANY.BB&T CORP - BOARD OF COMBINED COMPANY WILL CONSIST OF MEMBERS EQUALLY SPLIT BETWEEN BB&T AND SUNTRUST'S CURRENT DIRECTORS.BB&T CORP - WILLIAM H. ROGERS, JR., CHAIRMAN AND CEO OF SUNTRUST WILL SERVE AS PRESIDENT AND CHIEF OPERATING OFFICER OF COMBINED COMPANY.  Full Article

BB&T Corp Sees 2019 Revenue, Excluding Items, Up 2 Percent To 4 Percent
Thursday, 17 Jan 2019 

Jan 17 (Reuters) - BB&T Corp ::SEES 2019 REVENUE, EXCLUDING ITEMS, UP 2 PERCENT TO 4 PERCENT.FY2019 REVENUE VIEW $11.98 BILLION -- REFINITIV IBES DATA.SEES Q1 2019 NONINTEREST INCOME UP 3 PERCENT TO 5 PERCENT VERSUS Q1 2018 - SEC FILING.SEES 2019 AVERAGE TOTAL LOANS HELD FOR INVESTMENT UP 2 PERCENT TO 4 PERCENT - PRESENTATION.SEES Q1 GAAP NET INTEREST MARGIN RELATIVELY FLAT VERSUS Q4.SEES Q1 2019 AVERAGE TOTAL LOANS HELD FOR INVESTMENT UP 1 PERCENT TO 3 PERCENT ANNUALISED VERSUS Q4 2018.SEES Q1 CORE NET INTEREST MARGIN UP SLIGHTLY VERSUS Q4.QTRLY TAXABLE EQUIVALENT NET INTEREST INCOME $1,729 MILLION VERSUS $1,682 MILLION.  Full Article

BB&T Reports Q4 Earnings Per Share $0.97
Thursday, 17 Jan 2019 

Jan 17 (Reuters) - BB&T Corp ::BB&T REPORTS RECORD ANNUAL EARNINGS OF $3.1 BILLION; $3.91 PER DILUTED SHARE; QUARTERLY EARNINGS TOTALED $0.97 PER DILUTED SHARE, UP 26.0 PERCENT COMPARED TO 2017.Q4 EARNINGS PER SHARE $1.05 EXCLUDING ITEMS.Q4 EARNINGS PER SHARE $0.97.Q4 EARNINGS PER SHARE ESTIMATE $1.04 -- REFINITIV IBES DATA.QTRLY AVERAGE LOANS AND LEASES HELD FOR INVESTMENT WERE $147.5 BILLION, UP $1.3 BILLION, OR 3.6 PERCENT ANNUALIZED COMPARED TO Q3 OF 2018.QTRLY AVERAGE DEPOSITS WERE $157.8 BILLION COMPARED TO $157.3 BILLION FOR Q3 OF 2018.QTRLY AVERAGE DEPOSITS WERE $157.8 BILLION VERSUS $157.3 BILLION FOR Q3 2018.QTRLY TAXABLE-EQUIVALENT REVENUES WERE $3.0 BILLION, UP $11 MILLION FROM THE THIRD QUARTER OF 2018.  Full Article

BB&T Corp Names Donta Wilson Chief Digital And Client Experience Officer
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - BB&T Corp ::BB&T REALIGNS EXECUTIVE DIGITAL AND OPERATIONAL ROLES.BB&T CORP - SENIOR EXECUTIVE VICE PRESIDENT DONTÁ WILSON HAS BEEN NAMED CHIEF DIGITAL AND CLIENT EXPERIENCE OFFICER.  Full Article

BB&T Corp Says Sees FY 2018 Revenue Up 1 Pct To 3 Pct Versus 2017 - Presentation Slides
Thursday, 13 Sep 2018 

Sept 13 (Reuters) - BB&T Corp ::BB&T CORP SAYS SEES FY 2018 REVENUE UP 1 PERCENT TO 3 PERCENT VERSUS 2017 - PRESENTATION SLIDES.  Full Article

BB&T Corp Increases Quarterly Common Stock Dividend To $0.405 Per Share
Tuesday, 24 Jul 2018 

July 24 (Reuters) - BB&T Corp ::DECLARED A QUARTERLY COMMON STOCK CASH DIVIDEND INCREASE OF $0.03 TO $0.405 PER SHARE.DIVIDENDS INCREASE IS IN CONNECTION WITH BB&T'S 2018 CAPITAL PLAN FILED AND APPROVED THIS YEAR.  Full Article

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

MOVES-Jefferies hires bankers to expand in transport and logistics -sources

July 8 Jefferies Financial Group Inc has hired a group of bankers from BB&T Corp to expand its investment banking coverage of the logistics and transportation sector, according to people familiar with the matter.