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BB&T Corp (BBT.N)

BBT.N on New York Stock Exchange

49.24USD
22 Apr 2019
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Latest Key Developments (Source: Significant Developments)

BB&T Announces FRB Termination Of AML-Related Consent Order
Thursday, 18 Apr 2019 11:30am EDT 

April 18 (Reuters) - BB&T Corp ::BB&T ANNOUNCES FRB TERMINATION OF AML-RELATED CONSENT ORDER.BB&T - "NO MONEY LAUNDERING ACTIVITY WAS IDENTIFIED & NO FINANCIAL PENALTY WAS LEVIED IN RELATION TO" CONSENT ORDER ON CO'S ANTI-MONEY LAUNDERING PROGRAM.  Full Article

SunTrust Reports Q1 Earnings Per Share $1.24
Thursday, 18 Apr 2019 06:00am EDT 

April 18 (Reuters) - Suntrust Banks Inc ::SUNTRUST REPORTS FIRST QUARTER 2019 RESULTS.Q1 REVENUE $2.4 BILLION VERSUS REFINITIV IBES ESTIMATE OF $2.33 BILLION.Q1 EARNINGS PER SHARE $1.24.NET INTEREST MARGIN WAS 3.27% IN CURRENT QUARTER, STABLE SEQUENTIALLY.QTRLY PROVISION FOR CREDIT LOSSES INCREASED $66 MILLION SEQUENTIALLY.SUNTRUST BANKS - Q1 RESULTS INCLUDED $45 MILLION, OR $0.09 PER AVERAGE COMMON SHARE OF MERGER-RELATED COSTS.NET INTEREST INCOME WAS $1.6 BILLION FOR Q1 OF 2019, A DECREASE OF $3 MILLION COMPARED TO PRIOR QUARTER.NONINTEREST INCOME WAS $784 MILLION FOR CURRENT QUARTER, COMPARED TO $818 MILLION FOR PRIOR QUARTER.SUNTRUST BANKS - QUARTER-END BOOK VALUE PER COMMON SHARE WAS $51.15 AND TANGIBLE BOOK VALUE PER COMMON SHARE WAS $37.22.SUNTRUST BANKS - QTRLY NET CHARGE-OFFS $97 MILLION, OR 0.26% OF TOTAL AVERAGE LHFI ON AN ANNUALIZED BASIS, COMPARED TO 0.26% DURING PRIOR QUARTER.Q1 EARNINGS PER SHARE VIEW $1.30 -- REFINITIV IBES DATA.  Full Article

BB&T Reports Q1 Earnings Per Share $1.05 Excluding Items
Thursday, 18 Apr 2019 05:45am EDT 

April 18 (Reuters) - BB&T Corp ::BB&T REPORTS EARNINGS OF $749 MILLION; $0.97 PER DILUTED SHARE; RECORD EARNINGS OF $813 MILLION, EXCLUDING MERGER-RELATED AND RESTRUCTURING CHARGES.Q1 EARNINGS PER SHARE $1.05 EXCLUDING ITEMS.Q1 EARNINGS PER SHARE $0.97.Q1 EARNINGS PER SHARE ESTIMATE $1.03 -- REFINITIV IBES DATA.QTRLY TAXABLE-EQUIVALENT REVENUES WERE $2.9 BILLION, DOWN $42 MILLION FROM Q4 OF 2018.QTRLY AVERAGE DEPOSITS WERE $160.0 BILLION COMPARED TO $157.8 BILLION FOR Q4 OF 2018.QTRLY AVERAGE LOANS AND LEASES HELD FOR INVESTMENT WERE $148.1 BILLION, UP $522 MILLION, OR 1.4 PERCENT ANNUALIZED COMPARED TO Q4 OF 2018.CONTINUE TO PREPARE FOR INTEGRATION OF COMPANY WITH SUNTRUST.  Full Article

BB&T Corp Announces $5 Million Investment In Enigma
Tuesday, 18 Sep 2018 10:00am EDT 

Sept 18 (Reuters) - BB&T Corp ::BB&T CORP - ANNOUNCED A $5 MILLION INVESTMENT IN ENIGMA.  Full Article

BB&T Announces Termination Of Aml-Related Consent Order
Friday, 29 Jun 2018 04:15pm EDT 

June 29 (Reuters) - BB&T Corp ::BB&T ANNOUNCES TERMINATION OF AML-RELATED CONSENT ORDER.BB&T - FEDERAL DEPOSIT INSURANCE CORP AND NORTH CAROLINA OFFICE OF COMMISSIONER OF BANKS TERMINATED JOINT CONSENT ORDER WITH BRANCH BANKING AND TRUST CO.NO MONEY LAUNDERING ACTIVITY WAS IDENTIFIED AND NO FINANCIAL PENALTY WAS LEVIED..NCCOB ALSO ANNOUNCED IT HAS EXITED A SIMILAR ORDER JOINTLY ISSUED WITH BOARD OF GOVERNORS OF FEDERAL RESERVE SYSTEM IN JANUARY 2017.  Full Article

BB&T Insurance Holdings To Acquire Regions Insurance Group
Friday, 6 Apr 2018 09:00am EDT 

April 6 (Reuters) - BB&T Corp ::BB&T INSURANCE HOLDINGS TO ACQUIRE REGIONS INSURANCE GROUP.‍CAPITAL USED IN DEAL WILL IMPACT BB&T'S 2018 COMPREHENSIVE CAPITAL ANALYSIS AND REVIEW​.  Full Article

Regions Financial Agrees To Sell Insurance Business To BB&T Insurance Holdings
Friday, 6 Apr 2018 09:00am EDT 

April 6 (Reuters) - Regions Financial Corp ::REGIONS FINANCIAL AGREES TO SELL INSURANCE BUSINESS TO BB&T INSURANCE HOLDINGS.FINANCIAL DETAILS RELATED TO TRANSACTION WERE NOT DISCLOSED.TO SELL ITS REGIONS INSURANCE GROUP INC SUBSIDIARY TO BB&T INSURANCE HOLDINGS.CAPITAL GENERATED FROM DEAL AT TIME OF CLOSING EXPECTED TO BE USED TO REPURCHASE SHARES OF COMMON STOCK.  Full Article

BB&T Names Corts, Willett To New Leadership Roles
Thursday, 15 Mar 2018 08:01am EDT 

March 15 (Reuters) - BB&T Corp ::BB&T NAMES CORTS, WILLETT TO NEW LEADERSHIP ROLES.BB&T CORP - ‍CHRISTIAN CORTS HAS BEEN NAMED PRESIDENT FOR ITS TENNESSEE REGION​.  Full Article

BB&T Corp Quarterly Common Dividend Will Increase 13.6 Percent
Thursday, 22 Feb 2018 05:43pm EST 

Feb 22 (Reuters) - Bb&T Corp ::BB&T CORP - QUARTERLY COMMON DIVIDEND WILL INCREASE 13.6 PERCENT.BB&T CORP - ‍WILL PAY ADDITIONAL ONE-TIME DIVIDEND OF $0.045 PER COMMON SHARE, PAYABLE MARCH 20, 2018​.BB&T CORP - INCREASING ITS REGULAR QUARTERLY COMMON STOCK DIVIDEND BY $0.045 TO $0.375 PER COMMON SHARE.BB&T - ‍BOARD PLANS TO REQUEST MORE CAPITAL ACTIONS, INCREASE IN DIVIDEND, IN CONNECTION WITH 2018 COMPREHENSIVE CAPITAL ANALYSIS & REVIEW FILING​.  Full Article

Rosenthal Acquires Domestic Factoring Portfolio From BB&T
Wednesday, 31 Jan 2018 12:00am EST 

Jan 31 (Reuters) - Rosenthal & Rosenthal, Inc ::ROSENTHAL ACQUIRES DOMESTIC FACTORING PORTFOLIO FROM BB&T (NYSE: BBT).ROSENTHAL & ROSENTHAL, INC - ANNOUNCED COMPLETION OF DEAL TO ACQUIRE DOMESTIC FACTORING PORTFOLIO OF BB&T CORPORATION​.  Full Article

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Fed announces two public hearings on proposed BB&T, SunTrust merger

WASHINGTON The U.S. Federal Reserve said on Thursday it will hold two public hearings related to BB&T Corp's proposal to acquire SunTrust Banks Inc.