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Last $39.41 USD
Change Today -0.15 / -0.38%
Volume 1.6M
As of 8:04 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

bb&t corp (BBT) Key Developments

BB&T Corp. to Expand into Another Queen City

BB&T Corp. plans to expand beyond northern Kentucky into Cincinnati once it completes its acquisition of Bank of Kentucky Financial Corp.

BB&T Corporation Announces Dividend on Common Stock and Preferred Stock, Payable on June 1, 2015

The board of directors of BB&T Corporation declared a quarterly common stock dividend increase of $0.03 to $0.27 per share payable June 1, 2015, to shareholders of record at the close of business May 15, 2015. The board also declared the regular quarterly preferred dividends of $365.625 per share (equivalent to $0.365625 per depositary share or 1/1,000th interest per share) on BB&T's Series D Non-Cumulative Perpetual Preferred Stock; A dividend of $351.5625 per share (equivalent to $0.3515625 per depositary share or 1/1,000th interest per share) on BB&T's Series E Non-Cumulative Perpetual Preferred Stock; A dividend of $325.000 per share (equivalent to $0.325000 per depositary share or 1/1,000th interest per share) on BB&T's Series F Non-Cumulative Perpetual Preferred Stock; and A dividend of $325.000 per share (equivalent to $0.325000 per depositary share or 1/1,000th interest per share) on BB&T's Series G Non-Cumulative Perpetual Preferred Stock. The dividends payable June 1, 2015, to shareholders of record at the close of business May 15, 2015.

BB&T Corporation Reports Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter of 2015

BB&T Corporation reported earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net income available to common shareholders of $488 million, compared to $496 million earned in the first quarter of 2014. Earnings per diluted common share totaled $0.67 for the quarter, compared to $0.68 for the first quarter of last year. Net income available to common shareholders was affected by $13 million in pre-tax merger-related charges, or $0.01 per diluted share. Revenues for the first quarter were $2.3 billion, up $34 million from the first quarter of 2014. These results were driven by continued strength in fee-based businesses, with insurance achieving a record quarter. Excluding residential mortgage loans, average loans grew 5.4% compared to last quarter, and credit metrics improved across the board. Adjusted diluted EPS was $0.68 per share. ROA was 1.18% and ROE was 9.05%. For the second quarter of 2015, the company expects GAAP margin to decline to 6 to 8 basis points, driven by lower interest rate and runoff of acquired assets. Core margin will likely be down a couple of basis points mainly due to lower yield on loans and increased competition. The company expects net interest income to be flat in the second quarter of 2015. The company expects effective tax rate should remain at a very similar level from first quarter of 2015 with 30.6%. The company expects to achieve positive operating leverage in the second quarter.

BB&T Seeks Acquisitions

BB&T Corporation (NYSE:BBT) is seeking acquisitions. Kelly King, BB&T Corporation's Chairman & Chief Executive Officer, said "We are fairly positive that some of those acquisition opportunities will come to fruition."

BB&T Corporation Presents at Barclays America Select Franchise Conference 2015, May-19-2015 10:30 AM

BB&T Corporation Presents at Barclays America Select Franchise Conference 2015, May-19-2015 10:30 AM. Venue: Langham Hotel, London, United Kingdom. Speakers: Daryl N. Bible, Chief Financial Officer and Senior Executive Vice President.

 

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Industry Analysis

BBT

Industry Average

Valuation BBT Industry Range
Price/Earnings 14.4x
Price/Sales 3.2x
Price/Book 1.3x
Price/Cash Flow 13.3x
TEV/Sales NM Not Meaningful
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