BB&T Corp. (BBT) Tops Q3 EPS by 3c

BB&T Corp. (NYSE: BBT) reported Q3 EPS of $0.70, $0.03 better than the analyst estimate of $0.67. Revenue for the quarter came in at $2.5 billion versus the consensus estimate of $2.45 billion.

"We are pleased to report strong results for the quarter, driven by healthy organic loan and deposit growth and the acquisition of Susquehanna Bancshares," said Chairman and Chief Executive Officer Kelly S. King. "We also announced an agreement to acquire National Penn, of Allentown, Pennsylvania. These acquisitions will significantly expand our presence in the mid-Atlantic region and vault us to #4 deposit market share in Pennsylvania.

"I am excited to share that the successful acquisition of Susquehanna, coupled with organic balance sheet growth, has pushed us above $200 billion in assets, which is a significant milestone.

"We had a strong overall quarter with higher revenues and improved net interest margin, continued excellent results in asset quality, and strong capital and liquidity," said King. "Revenues were $2.5 billion, up $155 million, or 6.6% compared to the third quarter of 2014. The Susquehanna acquisition contributed approximately $150 million in revenues since August 1, and we look forward to continued growth within our newly expanded footprint."

For earnings history and earnings-related data on BB&T Corp. (BBT) click here.

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