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BB&T Corp (BBT.N)

BBT.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

BB&T Corp Sees Average Total Loans For Q2 Up 1% To 3% Annualized Versus Q1
Thursday, 19 Apr 2018 

April 19 (Reuters) - BB&T Corp ::BB&T CORP SEES AVERAGE TOTAL LOANS FOR Q2 UP 1% TO 3% ANNUALIZED VERSUS Q1.BB&T CORP - SEES Q2 GAAP NET INTEREST MARGIN STABLE VERSUS Q1.BB&T CORP - SEES FY 2018 REVENUE UP 2 PERCENT - 4 PERCENT VERSUS 2017.BB&T CORP - SEES Q2 CORE NET INTEREST MARGIN UP SLIGHTLY VERSUS Q1.BB&T CORP - SEES FY 2018 AVERAGE TOTAL LOANS UP 1 PERCENT TO 3 PERCENT VERSUS 2017.BB&T CORP SEES Q2 GAAP NET INTEREST MARGIN STABLE VERSUS Q1; SEES Q2 CORE NET INTEREST MARGIN UP SLIGHTLY VERSUS Q1.BB&T CORP SEES, IN CREDIT QUALITY, Q2 NCOS TO BE 35 TO 45 BPS - PRESENTATION.  Full Article

BB&T Reports Q4 Earnings Per Share $0.77
Thursday, 18 Jan 2018 

Jan 18 (Reuters) - BB&T Corp ::BB&T REPORTS STRONG FOURTH QUARTER EARNINGS AND RECORD QUARTERLY REVENUES; DILUTED EARNINGS PER SHARE UP 16.1 PERCENT ANNUALIZED COMPARED TO THIRD QUARTER 2017.Q4 EARNINGS PER SHARE $0.77.Q4 EARNINGS PER SHARE VIEW $0.79 -- THOMSON REUTERS I/B/E/S.Q4 REVENUE $2.9 BILLION VERSUS I/B/E/S VIEW $2.83 BILLION.QTRLY AVERAGE LOANS AND LEASES HELD FOR INVESTMENT WERE $142.7 BILLION, FLAT COMPARED TO Q3.QTRLY AVERAGE DEPOSITS WERE $158.0 BILLION COMPARED TO $157.4 BILLION FOR Q3.BB&T - EXCLUDING CERTAIN CHARGES OF $22 MILLION & ADJUSTMENTS RELATED TO TAX REFORM THAT RESULTED IN A NET AFTER-TAX EXPENSE OF $43 MILLION, QTRLY EPS WAS $0.84.QTRLY TAXABLE EQUIVALENT NET INTEREST INCOME $1,682‍​ MILLION VERSUS. $1,606 MILLION LAST YEAR.AT QUARTER-END, COMMON EQUITY TIER 1 TO RISK-WEIGHTED ASSETS WAS 10.0 PERCENT VERSUS 10.2 PERCENT AT Q3-END.EXPECT TO HAVE "STRONG" REVENUE GROWTH IN 2018.TOTAL EXPENSES FOR QUARTER WERE $1.9 BILLION & GAAP EFFICIENCY WAS 64.7 PERCENT, PRIMARILY DUE TO EXPENSES INCURRED RELATED TO TAX REFORM.  Full Article

BB&T Corp CEO Says He Is Likely To Suggest Dividend Increase To Board - CNBC ‍​
Friday, 22 Dec 2017 

Dec 22 (Reuters) - Bb&T Corp ::BB&T CORP CEO SAYS HE IS LIKELY TO SUGGEST DIVIDEND INCREASE TO BOARD - CNBC ‍​.  Full Article

BB&T Raises Minimum Hourly Pay Rate, Provides One-Time Bonus
Friday, 22 Dec 2017 

Dec 22 (Reuters) - BB&T Corp ::BB&T INVESTS $152 MILLION OF TAX REFORM BENEFITS INTO ASSOCIATES AND COMMUNITIES.RAISING BB&T'S MINIMUM HOURLY PAY RATE FROM $12 TO $15 PER HOUR, EFFECTIVE JAN. 1, 2018.CO TO PROVIDE A SPECIAL, ONE-TIME $1,200 BONUS TO BE PAID IN JANUARY 2018, FOR ALMOST THREE-FOURTHS OF ITS ASSOCIATES.PAY INCREASE & BONUSES DO NOT APPLY TO SENIOR LEADERS OR EXECUTIVE MANAGEMENT TEAM.  Full Article

BB&T sees Q4 net interest income on taxable-equivalent basis to be stable compared with Q3
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - BB&T Corp :BB&T corp sees Q4 net interest income on taxable-equivalent basis to be stable compared with Q3 - presentation slides‍​.BB&T corp - sees Q4 core ‍loans up 2 pct to 4 pct annualized versus. Q3 ​.BB&T corp sees Q4 GAAP net interest margin to be down 3 to 5 BPS versus Q3.  Full Article

BB&T reports Q3 earnings per share of $0.74
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - BB&T Corp :BB&T reports solid third quarter earnings.Q3 earnings per share $0.74.Q3 earnings per share view $0.78 -- Thomson Reuters I/B/E/S.Q3 earnings per share $0.78 excluding items.Q3 revenue $2.9 billion versus I/B/E/S view $2.84 billion.BB&T Corp - ‍taxable-equivalent revenues were $2.9 billion for Q3, down $41 million from Q2 of 2017​.BB&T Corp qtrly ‍average loans and leases held for investment were $142.7 billion compared to $143.1 billion for Q2 of 2017​.BB&T Corp - ‍incurred pre-tax merger-related and restructuring charges of $47 million ($29 million after-tax)​ in quarter.BB&T Corp qtrly ‍average deposits were $157.4 billion compared to $160.3 billion for Q2 of 2017​.BB&T Corp - qtrly taxable equivalent net interest income $‍​1,688 million versus $1,650 million.BB&T Corp - qtrly preliminary risk based common equity tier 1 ratio ‍​10.1 percent versus 10.1 percent last year.BB&T Corp qtrly provision for credit losses was $126 million, compared to $135 million for the prior quarter‍​.  Full Article

BB&T announces settlement resolving FHA-Insured mortgage issues
Thursday, 29 Sep 2016 

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

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U.S. bank shares rise on capital return plans after stress test

Shares in the biggest U.S. banks rose on Friday after the Federal Reserve completed its annual stress test giving financial institutions the go-ahead for plans to return capital to investors through dividends and buybacks.