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BB&T Corp (BBT)

BBT on New York Consolidated

46.28USD
21 Jul 2017
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Latest Key Developments (Source: Significant Developments)

BB&T Corp says entered into accelerated share repurchase agreement to repurchase $920 mln of BB&T's common stock - SEC Filing
Thursday, 20 Jul 2017 04:49pm EDT 

July 20 (Reuters) - BB&T Corp :BB&T Corp - On July 20, co entered into accelerated share repurchase agreement to repurchase $920 million of BB&T's common stock - SEC Filing.BB&T Corp - Repurchase is part of company's previously authorized program to repurchase up to $1.88 billion of company's common stock.BB&T Corp - BB&T will receive an initial delivery of common shares representing approximately 80% of expected total to be repurchased.  Full Article

BB&T Q2 earnings per share $0.78 excluding items
Thursday, 20 Jul 2017 05:45am EDT 

July 20 (Reuters) - BB&T Corp ::BB&T reports record second quarter earnings; performance driven by record quarterly revenues.Q2 earnings per share $0.78 excluding items.Q2 earnings per share $0.77.Q2 revenue rose 3.9 percent to $2.9 billion.Q2 earnings per share view $0.77 -- Thomson Reuters I/B/E/S.BB&T Corp - taxable-equivalent revenues were $2.9 billion for Q2, up $75 million from Q1 of 2017.Qtrly average loans and leases held for investment were $143.1 billion compared to $142.0 billion for Q1 of 2017.Qtrly average deposits were $160.3 billion compared to $161.4 billion for Q1 of 2017.Says ‍tier 1 risk-based capital was 12.1 percent in quarter ​.BB&T Corp - ‍incurred pre-tax merger-related and restructuring charges of $10 million ($6 million after tax)​ in quarter.Qtrly net interest income on a taxable-equivalent basis was up $26 million.BB&T Corp - qtrly taxable equivalent net interest income $$ 1,675 million versus. $ 1,649 million last quarter.Qtrly provision for credit losses was $135 million, compared to $111 million in the earlier quarter.  Full Article

BB&T Corp's ‍capital actions include recommendation to increase quarterly dividend $0.03-$0.33
Wednesday, 28 Jun 2017 04:36pm EDT 

June 28 (Reuters) - BB&T Corp ::BB&T Corp - ‍capital actions include a recommendation to increase quarterly dividend $0.03 to $0.33, a 10-percent increase​.Bb&T Corp - plan also incorporates other uses of capital including capital distributions of up to $1.88 billion in share repurchase transactions.  Full Article

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

BRIEF-BB&T Q2 earnings per share $0.78 excluding items

* BB&T reports record second quarter earnings; performance driven by record quarterly revenues