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United States

BB&T Corp (BBT)

BBT on New York Consolidated

45.22USD
22 Sep 2017
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Latest Key Developments (Source: Significant Developments)

BB&T announces settlement resolving FHA-Insured mortgage issues
Thursday, 29 Sep 2016 02:00pm EDT 

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 02:00pm EDT 

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 05:45am EDT 

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
Wednesday, 29 Jun 2016 05:01pm EDT 

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
Friday, 1 Apr 2016 04:56pm EDT 

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
Wednesday, 24 Feb 2016 04:07pm EST 

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

BB&T Corp declares regular quarterly dividend
Monday, 19 Oct 2015 02:58pm EDT 

BB&T Corp:Declared regular quarterly dividend of $0.27 per common share payable Dec. 1, 2015, to shareholders of record at the close of business Nov. 13, 2015.  Full Article

BRIEF-BB&T says reopens South Florida branches in aftermath of Hurricane Irma

* BB&T Corp - ‍announced it has reopened majority of its financial centers in South Florida region in wake of damages left behind by Hurricane Irma​ Source text for Eikon: Further company coverage: