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BB&T Corp (BBT)

BBT on New York Consolidated

36.87USD
29 Jul 2016
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Latest Key Developments (Source: Significant Developments)

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

BB&T Corp closes susquehanna bancshares acquisition
Monday, 3 Aug 2015 06:00am EDT 

BB&T Corp:Announces it has completed its acquisition of Susquehanna Bancshares, Inc. effective Aug. 1.  Full Article

BB&T Corp announces common stock dividend
Tuesday, 21 Jul 2015 02:05pm EDT 

BB&T Corp:Declared the following regular quarterly dividends payable Sept. 1, 2015, to shareholders of record at close of business Aug. 14, 2015.dividend of $0.27 per common share.dividend of $365.625 per share (equivalent to $0.365625 per depositary share or 1/1,000thinterest per share) on BB&T's Series D Non-Cumulative Perpetual Preferred Stock.dividend of $351.5625 per share (equivalent to $0.3515625 per depositary share or 1/1,000thinterest per share) on BB&T's Series E Non-Cumulative Perpetual Preferred Stock.dividend of $325.000 per share (equivalent to $0.325000 per depositary share or 1/1,000thinterest per share) on BB&T's Series F Non-Cumulative Perpetual Preferred Stock.dividend of $325.000 per share (equivalent to $0.325000 per depositary share or 1/1,000thinterest per share) on BB&T's Series G Non-Cumulative Perpetual Preferred Stock.  Full Article

BB&T Corp Completes the bank of Kentucky acquisition
Monday, 22 Jun 2015 07:30am EDT 

BB&T Corp:Completed its acquisition of The Bank of Kentucky Financial Corporation.Systems were converted during the weekend and branches in northern Kentucky and Cincinnati opened on June 22 under the BB&T name.  Full Article

BB&T Insurance completes ownership increase in managing general underwriter and divestiture of insurance company
Monday, 1 Jun 2015 05:01pm EDT 

BB&T CORP:Says it has completed its agreement to significantly increase its partnership interest in AMRISC, LP.Says it has completed the sale of American Coastal Insurance Company (AMCOASTAL) to certain members of the AMRISC management team.  Full Article

BRIEF-BB&T Corp increases quarterly dividend by 7 pct to $0.30 per share

* 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