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BB&T Corp (BBT)

BBT on New York Consolidated

42.40USD
22 May 2017
Change (% chg)

$0.15 (+0.36%)
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Latest Key Developments (Source: Significant Developments)

BB&T Q1 adjusted earnings per share $0.74
Thursday, 20 Apr 2017 05:45am EDT 

April 20 (Reuters) - BB&T Corp :Q1 earnings per share $0.74 excluding items .BB&T reports strong first quarter earnings; driven by record quarterly revenues and expense control.Q1 revenue rose 9.1 percent to $2.8 billion.Qtrly taxable-equivalent revenues were $2.8 billion for Q1, up $52 million from Q4 of 2016.Qtrly average loans and leases held for investment were $142.0 billion compared to $142.3 billion for Q4 of 2016.Qtrly tier 1 risk-based capital was 12.0 percent versus 12.2 percent last year.Qtrly average deposits were $161.4 billion compared to $160.1 billion for prior quarter.Q1 earnings per share $0.46.During quarter, terminated $2.9 billion of higher-cost FHLB advances, resulting in a pre-tax loss on early extinguishment of $0.30 per diluted share.Q1 earnings per share view $0.73, revenue view $2.78 billion -- Thomson Reuters I/B/E/S.Q1 taxable equivalent net interest income $1,649 mln vs. $1,568 mln last year.Qtrly excluding purchased credit impaired loans, provision for credit losses was $146 mln vs $133 mln for prior quarter.  Full Article

BB&T reports Q1 revenue of $2.8 billion
Thursday, 20 Apr 2017 05:45am EDT 

April 20 (Reuters) - BB&T Corp :BB&T reports strong first quarter earnings; driven by record quarterly revenues and expense control.Q1 revenue rose 9.1 percent to $2.8 billion.Qtrly taxable-equivalent revenues were $2.8 billion for Q1, up $52 million from Q4 of 2016.Qtrly average loans and leases held for investment were $142.0 billion compared to $142.3 billion for Q4 of 2016.Qtrly tier 1 risk-based capital was 12.0 percent versus 12.2 percent last year.Qtrly average deposits were $161.4 billion compared to $160.1 billion for prior quarter.Q1 loss per share $0.74 excluding items.Q1 earnings per share $0.46.BB&T - During quarter, terminated $2.9 billion of higher-cost fhlb advances, resulting in a pre-tax loss on early extinguishment of $0.30 per diluted share.Q1 earnings per share view $0.73, revenue view $2.78 billion -- Thomson Reuters I/B/E/S.Q1 taxable equivalent net interest income $1,649 million versus. $1,568 million last year.BB&T Corp - Qtrly excluding purchased credit impaired loans, provision for credit losses was $146 million versus $133 million for prior quarter.  Full Article

BB&T Corp says issued and sold $1 bln aggregate principal amount of its 2.750 pct medium-term notes, Series E, due April 1, 2022
Tuesday, 21 Mar 2017 04:27pm EDT 

BB&T Corp : BB&T Corp says on March 21, 2017, issued and sold $1 billion aggregate principal amount of its 2.750 pct medium-term notes, Series E, due April 1, 2022 .BB&T Corp - also issued and sold $350 million aggregate principal amount of its floating rate medium-term notes, Series E, due April 1, 2022 - SEC filing.  Full Article

BB&T says Q4 earnings per share $0.72
Thursday, 19 Jan 2017 05:45am EST 

BB&T Corp : BB&T reports record earnings for 2016; quarterly earnings totaled $592 million, up 18% over 2015 . Q4 earnings per share $0.73 excluding items . Q4 earnings per share $0.72 . Q4 revenue rose 8.3 percent to $2.8 billion . Q4 earnings per share view $0.73 -- Thomson Reuters I/B/E/S . BB&T Corp qtrly taxable-equivalent revenues were $2.8 billion, up 8.3% compared to Q4 of 2015 . Qtrly average deposits were $160.1 billion compared to $159.5 billion for prior quarter . BB&T Corp qtrly common equity tier 1 to risk-weighted assets was 10.2%, or 10.0% on a fully phased-in basis .Qtrly average loans and leases held for investment were $142.3 billion compared to $141.3 billion for Q3 of 2016.  Full Article

BB&T says sold $850 mln of floating rate medium-term notes, Series E - SEC filing
Tuesday, 27 Dec 2016 04:29pm EST 

Bb&T Corp :BB&T - on December 27 co issued and sold $850 million aggregate principal amount of its floating rate medium-term notes, Series E, due June 15, 2020 - SEC filing.  Full Article

BB&T Corp announces a $200 million increase to its 2016-2017 common stock buyback
Tuesday, 20 Dec 2016 04:23pm EST 

Bb&T Corp : Says announced a $200 million increase to its 2016-2017 common stock repurchases . Expects to implement additional $200 million in repurchases through an accelerated share repurchase agreement prior to end of 2016 . Board approved increase in share repurchase following receipt of a non-objection from board of governors of federal reserve system .Says under terms of accelerated share repurchase agreement, repurchases will commence in 2016 and are expected to be completed in early 2017.  Full Article

BB&T branch banking and trust has entered into consent order with Federal Deposit Insurance Corp
Tuesday, 20 Dec 2016 04:23pm EST 

Bb&T Corp : Branch Banking And Trust Co has entered into consent order with federal deposit insurance corporation and north carolina commissioner of banks . "No criminal activity has been identified as result of such deficiencies, and no financial penalty was levied" . Says has already taken significant steps towards improvement of its bank secrecy act/anti-money laundering program . Order calls for corrective actions and enhancements to address certain internal control deficiencies .Anticipates entering into a similar regulatory order with board of governors of Federal Reserve system in near future.  Full Article

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

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BRIEF-BB&T Q1 adjusted earnings per share $0.74

* BB&T reports strong first quarter earnings; driven by record quarterly revenues and expense control