Form 8-K BB&T CORP For: Jul 16

July 16, 2015 6:03 AM

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

______________

Form 8-K

Current Report

______________

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

July 16, 2015

Date of Report (Date of earliest event reported)

BB&T Corporation

(Exact name of registrant as specified in its charter)

Commission file number : 1-10853

______________

North Carolina	56-0939887
(State of incorporation)	(I.R.S. Employer Identification No.)

200 West Second Street
Winston-Salem, North Carolina	27101
(Address of principal executive offices)	(Zip Code)

(336) 733-2000

(Registrant's telephone number, including area code)

______________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 2.02

Results of Operations and Financial Condition

On July 16, 2015, BB&T Corporation issued a press release reporting second quarter 2015 results and posted on its website its second quarter 2015 Earnings Release, Quarterly Performance Summary and Earnings Release Presentation. The release contains forward-looking statements regarding BB&T and includes a cautionary statement identifying important factors that could cause actual results to differ materially from those anticipated. The Earnings Release, Quarterly Performance Summary and Earnings Release Presentation are furnished as Exhibits 99.1, 99.2 and 99.3, respectively.

ITEM 9.01	Financial Statements and Exhibits

Exhibit No.	Description of Exhibit

99.1	BB&T Corporation's Earnings Release issued July 16, 2015.

99.2	BB&T Corporation's Quarterly Performance Summary issued July 16, 2015.

99.3	BB&T Corporation's Earnings Release Presentation issued July 16, 2015.

S I G N A T U R E

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	BB&T CORPORATION
	(Registrant)

	By: /s/ Cynthia B. Powell

	Cynthia B. Powell
	Executive Vice President and Corporate Controller
	(Principal Accounting Officer)

Date: July 16, 2015

Exhibit 99.1

July 16, 2015

FOR IMMEDIATE RELEASE

Contacts:
ANALYSTS		MEDIA
Alan Greer	Tamera Gjesdal	Cynthia A. Williams
Executive Vice President	Senior Vice President	Senior Executive Vice President
Investor Relations	Investor Relations	Corporate Communications
(336) 733-3021	(336) 733-3058	(336) 733-1470

BB&T reports second quarter results

Adjusted diluted EPS totals $0.69 per share

WINSTON-SALEM, N.C. -- BB&T Corporation (NYSE: BBT) today reported quarterly earnings for the second quarter of 2015. Net income available to common shareholders was $454 million, compared to $424 million earned in the second quarter of 2014, an increase of 7.1%. Earnings per diluted common share totaled $0.62 for the quarter, compared to $0.58 for the second quarter of last year, an increase of 6.9%. Net income available to common shareholders was affected by $25 million in pre-tax merger-related charges ($16 million after-tax), or $0.02 per diluted share, and a $34 million after-tax loss on the sale of American Coastal, or $0.05 per diluted share.

“We are pleased to report solid results for the quarter, led by improved loan growth and strong credit quality,” said Chairman and Chief Executive Officer Kelly S. King. “We completed several strategic transactions during the second quarter and reached an important milestone with the recent approval of the Susquehanna merger.

“Revenues were $2.4 billion, up $31 million, or 1.3% compared with the second quarter of 2014. These results were driven by continued strength in our fee-based businesses.

“We successfully completed our acquisition of The Bank of Kentucky,” said King. “This strategic transaction added $1.6 billion in deposits and boosted us to the No. 2 marketplace ranking in Kentucky, and we look forward to expanding on this solid base with our diverse product offerings and strong customer focus.

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“We were very pleased to receive regulatory approval to acquire Susquehanna Bancshares, which we expect to close on August 1. This transaction is very important strategically and will drive improved growth and efficiency in coming quarters.

“We reported an income tax benefit of $107 million as a result of a decision by the U.S. Court of Appeals related to previously disallowed deductions in connection with a financing transaction. We also extinguished nearly $1 billion of higher cost FHLB borrowings resulting in a $172 million pre-tax loss, or $107 million after-tax. The debt extinguishment will modestly benefit our net interest margin going forward.

“We also completed the sale of American Coastal and the related purchase of additional ownership in AmRisc,” said King. “The sale resulted in an after-tax loss of $34 million due to the allocation of goodwill upon disposal. These transactions eliminate our exposure to future underwriting losses and significantly increase our share of a historically strong fee-based business.”

Second Quarter 2015 Performance Highlights

Taxable equivalent revenues were $2.4 billion for the second quarter, up $23 million from the first quarter of 2015

Net interest margin was 3.27%, down six basis points due to lower rates on new loans and runoff of loans acquired from the FDIC

Mortgage banking income was up $20 million, an annualized increase of 72.9% that reflects higher mortgage servicing income and higher commercial mortgage fee income due to increased volume

Fee income ratio was 46.3%, compared to 45.8% in the prior quarter, reflecting continued revenue diversification

Noninterest expense was $1.7 billion, up compared to the prior quarter primarily due to a $172 million loss on early extinguishment of debt

Personnel expense was up $34 million due to increased production-related incentives due to volume, seasonal increases in fringe benefits and approximately 500 additional full-time equivalent employees, which was primarily due to acquisitions

Merger-related and restructuring charges were $12 million higher as a result of increased activity related to The Bank of Kentucky, Susquehanna and AmRisc/American Coastal transactions

The adjusted efficiency ratio was 59.2%

Average loans and leases held for investment increased 3.9% on an annualized basis compared to the first quarter of 2015; up 7.8% excluding residential mortgage

Average C&I loans increased 10.6%

Average direct retail loans increased 12.6%

Average other lending subsidiaries loans increased 13.6%

Average residential mortgage loans decreased 7.4%, reflecting the strategic decision to continue to sell conforming mortgage loan production

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Average deposits increased $2.3 billion, or 7.2% annualized, compared to the prior quarter

The Texas branch acquisition, completed in late March, contributed approximately $1.7 billion of the average deposit growth

The Bank of Kentucky acquisition added approximately $190 million in average deposits as a result of closing on June 19

Excluding the impact of these acquisitions, average noninterest-bearing deposits increased $1.4 billion

Average interest-bearing deposit costs were 0.24%, down one basis point compared to the prior quarter

Deposit mix improved, with average noninterest-bearing deposits representing 31.5% of total deposits, compared to 30.6% in the prior quarter

Asset quality remained strong

Nonperforming assets decreased $36 million, or 4.7%, from March 31, 2015

Delinquent loans increased $43 million, primarily due to seasonality

The allowance for loan loss coverage ratio was 2.55 times nonperforming loans held for investment at June 30, 2015, versus 2.45 times at March 31, 2015

Capital levels remained strong across the board

Common equity tier 1 to risk-weighted assets was 10.4%, or 10.2% on a fully phased-in basis

Tier 1 risk-based capital was 12.1%

Total capital was 14.3%

Leverage capital was 10.2%

Tangible common equity to tangible assets was 8.1%

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EARNINGS HIGHLIGHTS								Change		Change
(dollars in millions, except per share data)		Q2		Q1		Q2		Q2 15 vs.		Q2 15 vs.
		2015		2015		2014 (2)		Q1 15		Q2 14
Net income available to common shareholders		$	454	$	488	$	424	$	(34)	$	30
Diluted earnings per common share			0.62		0.67		0.58		(0.05)		0.04

Net interest income - taxable equivalent		$	1,348	$	1,347	$	1,378	$	1	$	(30)
Noninterest income			1,019		997		958		22		61
	Total revenue	$	2,367	$	2,344	$	2,336	$	23	$	31

Return on average assets (%)			1.06		1.18		1.04		(0.12)		0.02
Return on average risk-weighted assets (%)			1.32		1.48		1.38		(0.16)		(0.06)
Return on average common shareholders' equity (%)			8.20		9.05		8.04		(0.85)		0.16
Return on average tangible common shareholders'
	equity (%)		12.76		14.00		12.77		(1.24)		(0.01)
Net interest margin - taxable equivalent (%)			3.27		3.33		3.43		(0.06)		(0.16)
Efficiency ratio (1) (%)			59.2		58.5		58.4		0.7		0.8

(1)

Excludes certain items as detailed in the non-GAAP reconciliations in the Quarterly Performance Summary.

(2)

Applicable Q2 2014 amounts were revised as a result of the January 1, 2015 adoption of new guidance related to the accounting for investments in qualified affordable housing projects.

Second Quarter 2015 compared to First Quarter 2015

Consolidated net income available to common shareholders for the second quarter of 2015 was $454 million, a decrease of $34 million compared to the first quarter of 2015. On a diluted per common share basis, earnings for the second quarter were $0.62, compared to $0.67 earned in the prior quarter. BB&T’s results of operations for the second quarter produced an annualized return on average assets of 1.06%, an annualized return on average risk-weighted assets of 1.32% and an annualized return on average common shareholders’ equity of 8.20%, compared to prior quarter ratios of 1.18%, 1.48% and 9.05%, respectively. BB&T’s return on average tangible common shareholders’ equity was 12.76% for the second quarter of 2015, compared to 14.00% for the prior quarter.

During May 2015, the U.S. Court of Appeals for the Federal Circuit rendered its decision on BB&T’s appeal of a prior ruling that disallowed foreign tax credits and other deductions claimed by a subsidiary in connection with a financing transaction. As a result of this decision, a portion of the earlier ruling was overturned and BB&T recognized net tax benefits of $107 million during the second quarter of 2015. Other aspects of the earlier ruling, which were adverse to BB&T, were affirmed by the Court of Appeals.

Results for the second quarter of 2015 included a loss on early extinguishment of higher cost FHLB advances of $172 million, or $107 million after-tax. The terminated advances totaled approximately $931 million and had a weighted average interest rate of 4.84% and a weighted average remaining life of approximately 6.6 years.

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Effective May 31, 2015, BB&T completed the sale of American Coastal, which resulted in a pre-tax loss on sale of $26 million primarily due to the allocation of $49 million of goodwill. As a result of the goodwill being non-deductible for income tax purposes, the sale generated income tax expense of $8 million, resulting in a net after-tax loss of $34 million, or $0.05 per share.

Total revenues were $2.4 billion for the second quarter of 2015, an increase of $23 million compared to the prior quarter, which reflects an increase in noninterest income of $22 million and an increase in taxable-equivalent net interest income of $1 million.

The change in taxable-equivalent net interest income includes a $3 million decrease in interest income, driven by lower yields on new loans, and a $4 million decrease in interest expense. The net interest margin was 3.27% for the second quarter, a decrease of six basis points compared to the prior quarter. Average earning assets increased $2.1 billion, or 5.1% annualized, while average interest-bearing liabilities were down slightly to $116.1 billion. The annualized yield on the total loan portfolio for the second quarter was 4.18%, a five basis point decrease compared to the prior quarter, which primarily reflects lower yields on new loans and the continued runoff of higher yielding loans acquired from the FDIC. The annualized fully taxable-equivalent yield on the average securities portfolio for the second quarter was 2.41%, down six basis points compared to the prior quarter.

The average annualized cost of interest-bearing deposits was 0.24%, down one basis point compared to the prior quarter. The average annualized rate paid on long-term debt was 2.14%, a decrease of four basis points compared to the prior quarter, which primarily reflects the impact of the previously described extinguishment of FHLB advances.

The $22 million increase in noninterest income was primarily driven by higher mortgage banking income, FDIC loss share income and investment banking and brokerage fees and commissions, which increased $20 million, $15 million and $14 million, respectively. These increases were partially offset by a $25 million decline in other income primarily due to the $26 million pre-tax loss on the sale of American Coastal and $18 million in lower insurance income.

Excluding loans acquired from the FDIC, the provision for credit losses was $97 million and net charge-offs were $98 million for the second quarter, compared to $105 million and $100 million, respectively, for the prior quarter.

Noninterest expense was $1.7 billion for the second quarter, up $231 million compared to the prior quarter. This increase was driven by the previously discussed $172 million loss on early extinguishment of debt and a $34 million increase in personnel expense. The increase in personnel expense was primarily due to increased production-related incentives due to volume, annual raises, seasonal increases in fringe benefits and approximately 500 additional full-time equivalent employees, which largely resulted from the acquisitions.

The provision for income taxes was $80 million for the second quarter, compared to $241 million for the prior quarter. This produced an effective tax rate for the second quarter of 13.8%, compared to 30.6% for the prior quarter. The decrease is primarily attributable to the previously discussed $107 million tax benefit.

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Second Quarter 2015 compared to Second Quarter 2014

Consolidated net income available to common shareholders for the second quarter of 2015 was $454 million, an increase of $30 million compared to the same quarter of 2014. On a diluted per common share basis, earnings for the second quarter of 2015 were $0.62, compared to $0.58 for the earlier quarter. BB&T’s results of operations for the second quarter of 2015 produced an annualized return on average assets of 1.06%, an annualized return on average risk-weighted assets of 1.32% and an annualized return on average common shareholders’ equity of 8.20%, compared to earlier quarter ratios of 1.04%, 1.38% and 8.04%, respectively. BB&T’s return on average tangible common shareholders’ equity was 12.76% for the second quarter of 2015, compared to 12.77% for the earlier quarter.

While the second quarter of 2015 included the tax benefit, loss on extinguishment of debt and loss on sale of American Coastal that, in the aggregate, totaled $34 million after-tax, or $0.05 per diluted share, the earlier quarter’s results were negatively impacted by after-tax adjustments totaling $88 million, or $0.12 per diluted share, that were recorded in connection with the identification of potential exposures related to residential mortgage loans originated by BB&T and insured by the Federal Housing Administration (“FHA”) and an adjustment to a previously recorded income tax reserve.

Total revenues were $2.4 billion for the second quarter of 2015, up $31 million compared to the earlier quarter as a $61 million increase in noninterest income was partially offset by a $30 million decrease in taxable-equivalent net interest income.

The change in taxable-equivalent net interest income includes a $47 million decrease in interest income, driven by lower yields on new loans and the continued run-off of loans acquired from the FDIC, and a $17 million decrease in interest expense. Net interest margin was 3.27%, compared to 3.43% for the earlier quarter. Average earning assets increased $4.3 billion, or 2.7%, while average interest-bearing liabilities decreased $2.1 billion, or 1.8%. The annualized yield on the total loan portfolio for the second quarter was 4.18%, a decrease of 27 basis points compared to the earlier quarter, which primarily reflects lower yields on new loans and continued runoff of higher yielding loans acquired from the FDIC. The annualized fully taxable-equivalent yield on the average securities portfolio for the second quarter was 2.41%, two basis points lower than the earlier period.

The average annualized cost of interest-bearing deposits was 0.24%, a decline of two basis points compared to the earlier quarter. The average annualized rate paid on long-term debt was 2.14%, a decrease of 24 basis points compared to the earlier quarter. This decrease was the result of lower rates on new issues during the last twelve months and early extinguishments of higher cost FHLB advances.

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The $61 million increase in noninterest income was primarily driven by higher mortgage banking income, FDIC loss share income and investment banking and brokerage fees and commissions, which increased $44 million, $24 million and $16 million, respectively. These increases were partially offset by a $34 million decline in other income primarily due to the $26 million pre-tax loss on the sale of American Coastal.

Excluding loans acquired from the FDIC, the provision for credit losses was $97 million, compared to $83 million in the earlier quarter, primarily due to a reserve release in the earlier quarter. Net charge-offs for the second quarter of 2015, excluding loans acquired from the FDIC, totaled $98 million, down $19 million compared to the earlier quarter.

Noninterest expense was $1.7 billion for the second quarter of 2015, an increase of $119 million compared to the earlier quarter. This increase was driven by the $172 million loss on early extinguishment of debt and a $55 million increase in personnel expense, partially offset by a $77 million decrease in other expense and a $43 million decrease in loan-related expense that was primarily due to a charge related to FHA-insured mortgage loans in the earlier quarter.

The provision for income taxes was $80 million for the second quarter of 2015, compared to $216 million for the earlier quarter. This produced an effective tax rate for the second quarter of 2015 of 13.8%, compared to 31.2% for the earlier quarter. The current quarter included the tax benefit of $107 million discussed above and the earlier quarter included a $14 million tax provision related to the IRS’s change in stance related to an income tax position that was under examination.

NONINTEREST INCOME								% Change		% Change
(dollars in millions)		Q2		Q1		Q2		Q2 15 vs.		Q2 15 vs.
		2015		2015		2014		Q1 15		Q2 14
								(annualized)
Insurance income		$	422	$	440	$	422		(16.4)		―
Service charges on deposits			154		145		158		24.9		(2.5)
Mortgage banking income			130		110		86		72.9		51.2
Investment banking and brokerage fees and
	commissions		108		94		92		59.7		17.4
Bankcard fees and merchant discounts			55		50		54		40.1		1.9
Trust and investment advisory revenues			57		56		55		7.2		3.6
Checkcard fees			43		39		42		41.1		2.4
Operating lease income			30		29		20		13.8		50.0
Income from bank-owned life insurance			27		30		25		(40.1)		8.0
FDIC loss share income, net			(64)		(79)		(88)		(76.2)		(27.3)
Securities gains (losses), net			(1)		―		―		NM		NM
Other income (1)			58		83		92		(120.8)		(37.0)
	Total noninterest income	$	1,019	$	997	$	958		8.9		6.4

(1)	The Q2 2014 amount was revised as a result of the January 1, 2015 adoption of new guidance related to the accounting for investments in qualified affordable housing projects.
NM - not meaningful.

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Second Quarter 2015 compared to First Quarter 2015

Noninterest income was $1.0 billion for the second quarter, up $22 million compared to the prior quarter. This increase was driven by higher mortgage banking income, FDIC loss share income and investment banking and brokerage fees and commissions, partially offset by lower other income and insurance income. Mortgage banking income was $20 million higher than the prior quarter, primarily reflecting higher net mortgage servicing rights income and higher commercial mortgage fee income due to increased volumes. FDIC loss share income was $15 million better primarily due to the loss share offsets on securities duration adjustments and lower negative accretion related to loans. Investment banking and brokerage fees and commissions were up $14 million, driven by increased capital markets activity. Other income was down $25 million primarily due to the sale of American Coastal, which generated a pre-tax loss of $26 million, and a $12 million reduction in income from private equity investments, which was partially offset by improvement in several other categories of other income. Insurance income declined $18 million with approximately $11 million of the reduction due to the sale of American Coastal.

Second Quarter 2015 compared to Second Quarter 2014

Noninterest income for the second quarter of 2015 increased $61 million, or 6.4%, compared to the earlier quarter. This increase was primarily driven by $44 million of higher mortgage banking income, which reflects higher net mortgage servicing rights income, higher gains on sales of loans and improvement in commercial mortgage fee income due to higher loan volume. In addition, FDIC loss share income was better $24 million primarily due to lower negative accretion related to loans, and investment banking and brokerage fees and commissions was $16 million higher primarily due to increased capital markets activity and investment commissions. Operating lease income increased $10 million primarily due to higher volumes. These increases were partially offset by a $34 million decrease in other income, which was primarily driven by the loss on sale of American Coastal.

NONINTEREST EXPENSE								% Change		% Change
(dollars in millions)		Q2		Q1		Q2		Q2 15 vs.		Q2 15 vs.
		2015		2015		2014		Q1 15		Q2 14
								(annualized)
Personnel expense		$	864	$	830	$	809		16.4		6.8
Occupancy and equipment expense			166		167		168		(2.4)		(1.2)
Loan-related expense			37		38		80		(10.6)		(53.8)
Software expense			46		44		42		18.2		9.5
Professional services			35		24		34		183.8		2.9
Outside IT services			29		30		31		(13.4)		(6.5)
Regulatory charges			25		23		30		34.9		(16.7)
Amortization of intangibles			23		21		23		38.2		―
Foreclosed property expense			14		13		10		30.9		40.0
Merger-related and restructuring charges, net			25		13		13		NM		92.3
Loss on early extinguishment of debt			172		―		―		NM		NM
Other expense			217		219		294		(3.7)		(26.2)
	Total noninterest expense	$	1,653	$	1,422	$	1,534		65.2		7.8

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Second Quarter 2015 compared to First Quarter 2015

Noninterest expense was $1.7 billion for the second quarter, up $231 million compared to the prior quarter. As previously discussed, the current quarter included a loss on early extinguishment of debt totaling $172 million.

Personnel expense was up $34 million, reflecting $22 million in higher incentives that were largely the result of increased production. In addition, salary expense increased $18 million, primarily due to annual raises effective on April 1 and approximately 500 more full-time equivalent employees, which was largely the result of acquisitions. Equity-based compensation was up $12 million due to accelerated expense recognition as a result of retirement eligibility provisions. These increases were partially offset by a $13 million improvement in payroll taxes as a result of a seasonally high first quarter due to annual limit resets.

Merger-related and restructuring charges were $12 million higher than the prior quarter primarily due to activity related to The Bank of Kentucky and Susquehanna Bancshares as well as the AmRisc/American Coastal transactions. Professional services increased $11 million due to higher legal fees and other project related professional services.

Second Quarter 2015 compared to Second Quarter 2014

Noninterest expense for the second quarter of 2015 was $119 million higher than the same period of 2014. The increase was primarily driven by the loss on early extinguishment of debt, higher personnel expense and higher merger-related and restructuring charges. The increase in personnel expense of $55 million reflects a $19 million increase in qualified pension plan expense that was driven by higher amortization of net actuarial losses and higher service cost. Personnel expense was also higher due to a $14 million increase in production-related incentives due to strong performance at fee income-generating businesses and a $12 million increase in employee health costs. The annual raises effective April 1 were largely offset by approximately 1,000 fewer full-time equivalent employees. Other expense and loan-related expense decreased $77 million and $43 million, respectively, primarily due to charges recognized in the earlier period related to FHA-insured loan originations.

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LOANS AND LEASES - average balances								% Change	% Change
(dollars in millions)		Q2		Q1		Q2		Q2 15 vs.	Q2 15 vs.
		2015		2015		2014		Q1 15	Q2 14
								(annualized)
Commercial and industrial		$	42,541	$	41,448	$	39,397	10.6	8.0
CRE - income producing properties			10,730		10,680		10,382	1.9	3.4
CRE - construction and development			2,767		2,734		2,566	4.8	7.8
Direct retail lending			8,449		8,191		7,666	12.6	10.2
Sales finance			10,517		10,498		10,028	0.7	4.9
Revolving credit			2,365		2,385		2,362	(3.4)	0.1
Residential mortgage			29,862		30,427		32,421	(7.4)	(7.9)
Other lending subsidiaries			11,701		11,318		10,553	13.6	10.9
Acquired from FDIC			1,055		1,156		1,739	(35.0)	(39.3)
	Total loans and leases held for investment	$	119,987	$	118,837	$	117,114	3.9	2.5

Average loans held for investment for the second quarter of 2015 were $120.0 billion, up $1.2 billion compared to the first quarter of 2015. The increase in average loans held for investment was primarily due to an increase of $1.1 billion in commercial and industrial average loans, a $383 million increase in average other lending subsidiaries loans and a $258 million increase in average direct retail lending loans. These increases were partially offset by a $565 million decline in average residential mortgage loans and continued run-off of loans acquired from the FDIC. The acquisition of The Bank of Kentucky, which added $1.2 billion of loans, contributed approximately $146 million in average loans for the quarter.

Average commercial and industrial loans increased an annualized 10.6%, which reflects growth from large corporate clients and increased mortgage warehouse lending. Average other lending subsidiaries loans were up an annualized 13.6% primarily due to seasonal activity. Average direct retail lending loans were up an annualized 12.6% primarily due to an increase in home equity line balances.

The decrease of $565 million, or 7.4% annualized, in the residential mortgage portfolio reflects the continued strategy to sell all conforming residential mortgage loan production.

DEPOSITS - average balances								% Change		% Change
(dollars in millions)		Q2		Q1		Q2		Q2 15 vs.		Q2 15 vs.
		2015		2015		2014		Q1 15		Q2 14
								(annualized)
Noninterest-bearing deposits		$	41,502	$	39,701	$	36,634		18.2		13.3
Interest checking			20,950		20,623		18,406		6.4		13.8
Money market and savings			53,852		51,644		48,965		17.1		10.0
Time deposits			14,800		17,000		25,010		(51.9)		(40.8)
Foreign office deposits - interest-bearing			764		563		584		143.2		30.8
	Total deposits	$	131,868	$	129,531	$	129,599		7.2		1.8

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Average deposits for the second quarter were $131.9 billion, an increase of $2.3 billion or 7.2% annualized compared to the prior quarter. The change in average deposits reflects improved mix, with noninterest-bearing deposits up $1.8 billion, or 18.2% annualized, while interest-bearing balances were up $536 million, or 2.4% annualized. The first quarter acquisition of 41 branches in Texas had an estimated $387 million favorable impact on average noninterest-bearing deposits and a $1.3 billion impact on average interest-bearing deposits, while the second quarter acquisition of The Bank of Kentucky had an estimated $190 million favorable impact on average deposits.

Noninterest-bearing deposits represented 31.5% of total average deposits for the second quarter, compared to 30.6% for the prior quarter and 28.3% a year ago.

The growth in average noninterest-bearing deposits includes an increase in average commercial accounts totaling $1.6 billion and an increase in average consumer accounts totaling $503 million, partially offset by a decrease in average public funds accounts totaling $369 million.

Excluding the Texas branch acquisition and The Bank of Kentucky acquisition, average noninterest bearing deposits increased $1.4 billion, average money market and savings increased $1.4 billion and average time deposits declined $2.4 billion.

The cost of interest-bearing deposits was 0.24% for the second quarter, down one basis point compared to the prior quarter.

SEGMENT RESULTS								Change		Change
(dollars in millions)		Q2		Q1		Q2		Q2 15 vs.		Q2 15 vs.
Segment Net Income		2015		2015		2014		Q1 15		Q2 14
Community Banking		$	234	$	210	$	219	$	24	$	15
Residential Mortgage Banking			72		64		(21)		8		93
Dealer Financial Services			49		45		63		4		(14)
Specialized Lending			70		57		60		13		10
Insurance Services			53		72		57		(19)		(4)
Financial Services			68		66		67		2		1
Other, Treasury and Corporate			(45)		33		32		(78)		(77)
	Total net income	$	501	$	547	$	477	$	(46)	$	24

Second Quarter 2015 compared to First Quarter 2015

Community Banking

Community Banking serves individual and business clients by offering a variety of loan and deposit products and other financial services. The segment is primarily responsible for acquiring and maintaining client relationships.

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Community Banking net income was $234 million for the second quarter of 2015, an increase of $24 million compared to the prior quarter. Segment net interest income increased $26 million, primarily driven by deposit growth coupled with higher funding spreads on deposits, partially offset by lower interest rates on new loans. Noninterest income increased $20 million, primarily due to higher service charges on deposits, bankcard and merchant services fees, and checkcard fees. Noninterest expense increased $14 million driven by higher salary, equity-based compensation and employee benefit expense. The increase in noninterest expense was partially attributable to the acquisitions during the current and prior quarters. Average loans grew $309 million, or 2.5% on an annualized basis, while average transaction account deposits grew $1.9 billion, or 13.8% on an annualized basis.

Residential Mortgage Banking

Residential Mortgage Banking retains and services mortgage loans originated by BB&T as well as those purchased from various correspondent originators. Mortgage loan products include fixed and adjustable-rate government guaranteed and conventional loans for the purpose of constructing, purchasing or refinancing residential properties. Substantially all of the properties are owner-occupied.

Residential Mortgage Banking net income was $72 million for the second quarter of 2015, an increase of $8 million compared to the prior quarter. Segment net interest income increased $7 million, primarily the result of higher average loans held for sale balances and higher credit spreads on new loans held for investment, partially offset by lower average loans held for investment balances. Noninterest income increased $17 million driven by an increase in net mortgage servicing rights income. The allocated provision for credit losses was $3 million in the second quarter of 2015, compared to a benefit of $12 million in the prior quarter, primarily due to stabilization in the improvement in loss severity trends.

Dealer Financial Services

Dealer Financial Services primarily originates loans to consumers for the purchase of automobiles. These loans are originated on an indirect basis through approved franchised and independent automobile dealers throughout BB&T’s market area through BB&T Dealer Finance, and on a national basis through Regional Acceptance Corporation. Dealer Financial Services also originates loans for the purchase of recreational and marine vehicles and, in conjunction with the Community Bank, provides financing and servicing to dealers for their inventories.

Dealer Financial Services net income was $49 million for the second quarter of 2015, an increase of $4 million compared to the prior quarter. Segment net interest income increased $3 million, primarily driven by growth in the Regional Acceptance loan portfolio. The allocated provision for credit losses decreased $13 million, primarily due to seasonally lower net charge-offs in the Regional Acceptance loan portfolio. Dealer Financial Services’ average loans increased by $62 million, or 1.8%, on an annualized basis.

- 12 -

Specialized Lending

Specialized Lending consists of businesses that provide specialty finance alternatives to commercial and consumer clients including: commercial finance, mortgage warehouse lending, tax-exempt financing for local governments and special-purpose districts, equipment leasing, full-service commercial mortgage banking, commercial and retail insurance premium finance, and dealer-based financing of equipment for consumers and small businesses.

Specialized Lending net income was $70 million for the second quarter of 2015, an increase of $13 million compared to the prior quarter. Segment net interest income increased $6 million driven by strong growth in mortgage warehouse loans, small ticket consumer loans and commercial mortgage loans, partially offset by lower interest rates on new loans. Noninterest income increased $10 million driven by higher commercial mortgage income, higher gains on finance leases and higher operating lease income. The allocated provision for credit losses decreased $12 million primarily due to higher prior period charge-offs and revisions to loss estimates in the commercial finance loan portfolio. Specialized Lending grew average loans by $1.1 billion, or 26.0% on an annualized basis.

Insurance Services

BB&T’s insurance agency / brokerage network is the fifth largest in the United States and sixth largest in the world. Insurance Services provides property and casualty, life and health insurance to business and individual clients. It also provides small business and corporate products, such as workers compensation and professional liability, as well as surety coverage and title insurance.

During the second quarter of 2015, BB&T completed its sale of American Coastal Insurance Company and increased its partnership interest in AmRisc, LP, a managing general underwriter for commercial property risks. The sale of American Coastal Insurance Company eliminates BB&T's exposure to potential underwriting losses in the future.

Insurance Services net income was $53 million in the second quarter of 2015, a decrease of $19 million compared to the prior quarter. Insurance Service’s noninterest income decreased $17 million, which primarily reflects a seasonal decrease in employee benefits insurance commissions and lower direct commercial property and casualty insurance premiums due to the sale of American Coastal, partially offset by a seasonal increase in commercial property and casualty insurance business and higher performance-based insurance commissions. Noninterest expense increased $8 million driven by higher salary and incentive expense and merger-related charges.

- 13 -

Financial Services

Financial Services provides personal trust administration, estate planning, investment counseling, wealth management, asset management, employee benefits services, corporate banking and corporate trust services to individuals, corporations, institutions, foundations and government entities. In addition, Financial Services offers clients investment alternatives, including discount brokerage services, equities, fixed-rate and variable-rate annuities, mutual funds and governmental and municipal bonds through BB&T Investment Services, Inc. The segment also includes BB&T Securities, a full-service brokerage and investment banking firm, the Corporate Banking Division, which originates and services large corporate relationships, syndicated lending relationships and client derivatives, and BB&T Capital Partners, which manages the company’s SBIC private equity investments.

Financial Services net income was $68 million in the second quarter of 2015, an increase of $2 million compared to the prior quarter. Segment net interest income increased $6 million driven by Corporate Banking loan and deposit growth and higher interest rates on new loans. Noninterest income increased $10 million primarily due to higher capital market activity. Noninterest expense increased $15 million compared to the prior quarter, driven by higher incentive expense and operating charge-offs.

Financial Services generated significant loan growth with Corporate Banking’s average loan balances increasing $465 million, or an annualized 17.2%, over the prior quarter, while BB&T Wealth’s average loan balances increased $100 million, or 29.8% on an annualized basis. Corporate Banking’s average deposits grew $755 million, or 37.5% on an annualized basis.

Other, Treasury & Corporate

Net income in Other, Treasury & Corporate can vary due to the changing needs of the Corporation, including the size of the investment portfolio, the need for wholesale funding and income received from derivatives used to hedge the balance sheet.

In the second quarter of 2015, Other, Treasury & Corporate generated a net loss of $45 million, compared to net income of $33 million in the prior quarter. Segment net interest income decreased $46 million driven by the continued run-off of loans acquired from the FDIC, duration adjustments on securities acquired from the FDIC, lower deposit funding spreads and lower credit spreads on other earning assets. Noninterest income decreased $18 million, primarily due to the loss on the previously discussed sale of American Coastal. The allocated provision for credit losses increased $11 million primarily due to a reserve release in the loan portfolio acquired from the FDIC in the prior quarter. Noninterest expense increased $179 million driven by the previously discussed $172 million loss on early extinguishment of FLHB advances in the current quarter.

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Second Quarter 2015 compared to Second Quarter 2014

Community Banking

Community Banking net income was $234 million for the second quarter of 2015, an increase of $15 million compared to the earlier quarter. Segment net interest income increased $8 million, primarily driven by deposit growth and commercial real estate and direct retail loan growth, partially offset by lower funding spreads on deposits and lower interest rates on new commercial loans. Noninterest income decreased $10 million, primarily due to lower service charges on deposits, letter of credit fees and commercial loan fees. Intersegment referral fee income increased $10 million driven by higher loan referrals to the Residential Mortgage Banking segment. The allocated provision for credit losses decreased $24 million as the result of lower commercial and direct retail net charge-offs.

Residential Mortgage Banking

Residential Mortgage Banking net income was $72 million for the second quarter of 2015, compared to a net loss of $21 million in the earlier quarter. Segment net interest income decreased $9 million, primarily the result of lower average loan balances due to the current strategy of selling substantially all conforming mortgage loan production and lower interest rates on new loans. Noninterest income increased $33 million driven by an increase in net mortgage servicing rights income and an increase in gains on mortgage loan production and sales driven by higher mortgage loan originations and margins. The improvement in gain on sale margins was the result of improved pricing and a higher mix of retail saleable production. Noninterest expense decreased $130 million compared to the prior quarter, which primarily reflects the impact of prior year adjustments totaling $118 million relating to FHA-insured loan exposures.

Dealer Financial Services

Dealer Financial Services net income was $49 million for the second quarter of 2015, a decrease of $14 million compared to the earlier quarter. Segment net interest income increased $10 million, primarily driven by growth in the Regional Acceptance loan portfolio and the inclusion of dealer floor plan loans in the segment in the current quarter, partially offset by lower interest rates on new loans. The allocated provision for credit losses increased $17 million, primarily due to higher net charge-offs and higher expectations of loss severity related to the nonprime automobile loan portfolio. Noninterest expense increased $13 million driven by higher personnel, professional services and other expenses. Adjusted for the inclusion of dealer floor plan loans, Dealer Financial Services grew average loans by $850 million, or 6.6% compared to the earlier quarter.

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Specialized Lending

Specialized Lending net income was $70 million for the second quarter of 2015, an increase of $10 million compared to the earlier quarter. Segment net interest income increased $2 million driven by strong growth in mortgage warehouse loans, small ticket consumer loans and commercial mortgage loans, partially offset by lower interest rates on new loans. Noninterest income increased $23 million driven by higher commercial mortgage and operating lease income. The allocated provision for credit losses decreased $6 million primarily due to an improvement in credit trends in the commercial finance loan portfolio. Noninterest expense increased $15 million, primarily due to higher personnel expense, depreciation of property under operating leases and loan processing expense. Specialized Lending grew average loans $1.8 billion or 11.5% compared to the earlier quarter, led by Mortgage Warehouse Lending with $725 million or 64.4% loan growth and Grandbridge with $284 million or 64.8% loan growth.

Insurance Services

Insurance Services net income was $53 million in the second quarter of 2015, a decrease of $4 million compared to the earlier quarter. Insurance Service’s noninterest income increased $1 million, which primarily reflects higher new and renewal commercial property and casualty insurance business and higher performance-based commissions, partially offset by lower direct commercial property and casualty insurance premiums due to the previously discussed sale of American Coastal. Noninterest expense increased $2 million driven by higher employee insurance and pension expense and merger-related charges, partially offset by lower incentives and operating charge-offs and a reduction in certain actuarially determined loss reserves.

Financial Services

Financial Services net income was $68 million in the second quarter of 2015, an increase of $1 million compared to the earlier quarter. Segment net interest income increased $18 million driven by Corporate Banking and BB&T Wealth loan and deposit growth, partially offset by lower interest rates on new loans and lower funding spreads on deposits. Noninterest income increased $20 million due to higher capital market fees, investment commissions and brokerage fees and commercial loan fees. The allocated provision for credit losses increased $20 million as the result of portfolio mix and risk expectations related to the oil and energy sector. Noninterest expense increased $15 million compared to the earlier quarter, primarily driven by higher incentive and employee benefit expense.

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Other, Treasury & Corporate

In the second quarter of 2015, Other, Treasury & Corporate generated a net loss of $45 million, compared to net income of $32 million in the earlier quarter. Segment net interest income decreased $58 million driven by lower acquired from FDIC loan balances and credit spreads, duration adjustments on securities acquired from the FDIC, and lower funding spreads on interest-bearing deposits. Noninterest income decreased $6 million, primarily due to the loss on the previously mentioned sale of American Coastal, partially offset by better FDIC loss share income. The allocated provision for credit losses was $5 million in the second quarter of 2015, compared to a benefit of $7 million in the earlier quarter, which primarily reflects changes in provision expense related to loans acquired from the FDIC and a provision benefit in the commercial finance loan portfolio shared by other segments. Noninterest expense increased $203 million, primarily due to the previously mentioned $172 million loss on early extinguishment of FLHB advances in the current quarter and higher personnel expense and merger-related charges. Intersegment referral fee expenses decreased $12 million driven by higher loan referrals to the Residential Mortgage Banking segment shared by other segments. Allocated corporate expense decreased by $19 million compared to the earlier quarter.

CAPITAL RATIOS (1)
		Basel III		Basel I
		Q2	Q1	Q4	Q3	Q2
		2015	2015	2014	2014	2014
Risk-based:
	Common equity Tier 1 (%)	10.4	10.5	N/A	N/A	N/A
	Tier 1 (%)	12.1	12.2	12.4	12.4	12.1
	Total (%)	14.3	14.4	14.9	15.1	14.4
Leverage (%)		10.2	10.1	9.9	9.7	9.5
Tangible common equity to tangible assets (%) (2)		8.1	8.0	8.0	7.9	7.7

(1)

Regulatory capital ratios are preliminary.

(2)

Tangible common equity and related ratios are non-GAAP measures. See the calculations and management's reasons for using these measures in the Capital Information – Five Quarter Trend of the Quarterly Performance Summary.

Capital levels remained strong at June 30, 2015. BB&T declared total common dividends of $0.27 during the second quarter of 2015, which resulted in a dividend payout ratio of 42.9%. Risk-based capital ratios were down slightly from the prior quarter as The Bank of Kentucky and AmRisc/American Coastal transactions used approximately 0.2% of capital levels, partially offset by growth from earnings in excess of dividends.

BB&T’s estimated common equity Tier 1 ratio under Basel III, on a fully-phased in basis, was approximately 10.2% at June 30, 2015 and 10.3% at March 31, 2015.

BB&T’s liquidity coverage ratio was approximately 118% at June 30, 2015, compared to the regulatory minimum of 90%. In addition, the liquid asset buffer, which is defined as high quality unencumbered liquid assets as a percentage of total assets, was 13.3% at June 30, 2015.

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ASSET QUALITY (1)								Change		Change
(dollars in millions)		Q2		Q1		Q2		Q2 15 vs.		Q2 15 vs.
		2015		2015		2014		Q1 15		Q2 14
Total nonperforming assets		$	729	$	765	$	972	$	(36)	$	(243)
Total performing TDRs			1,027		996		1,686		31		(659)
Total loans 90 days past due and still accruing			361		392		605		(31)		(244)
Total loans 30-89 days past due			833		759		1,021		74		(188)

Nonperforming loans and leases as a percentage of
	loans and leases held for investment (%)		0.47		0.50		0.70		(0.03)		(0.23)
Nonperforming assets as a percentage of total assets (%)			0.38		0.40		0.52		(0.02)		(0.14)
Allowance for loan and lease losses as a percentage of
	loans and leases held for investment (%)		1.19		1.22		1.33		(0.03)		(0.14)
Net charge-offs as a percentage of average loans and
	leases (%) annualized		0.33		0.34		0.41		(0.01)		(0.08)
Ratio of allowance for loan and lease losses to net
	charge-offs (times) annualized		3.71		3.60		3.28		0.11		0.43
Ratio of allowance for loan and lease losses to
	nonperforming loans and leases held for
	investment (times)		2.55		2.45		1.89		0.10		0.66

(1)

Excludes amounts related to government guaranteed GNMA mortgage loans that BB&T has the right but not the obligation to repurchase. See footnotes on the Credit Quality pages of the Quarterly Performance Summary for additional information.

Nonperforming assets decreased $36 million, or 4.7%, during the quarter ended June 30, 2015. At June 30, 2015, nonperforming loans and leases represented 0.47% of loans and leases held for investment, compared to 0.50% at March 31, 2015.

Loans 30-89 days past due and still accruing, excluding government guaranteed GNMA mortgage loans that BB&T has the right but not the obligation to repurchase, totaled $833 million at June 30, 2015, an increase of $74 million compared to the prior quarter. This reflects an increase of $79 million for other lending subsidiaries, which primarily reflects seasonal trends.

Loans 90 days or more past due and still accruing totaled $361 million at June 30, 2015, a decrease of $31 million compared to the prior quarter. This decline is primarily attributable to a $30 million decrease in delinquent loans acquired from the FDIC as those balances continue to run-off. Excluding loans acquired from the FDIC, the ratio of loans 90 days or more past due and still accruing as a percentage of loans and leases was 0.19% at June 30, 2015, a decline of one basis point compared to the prior quarter.

Net charge-offs during the second quarter totaled $98 million, a decline of $3 million compared to the prior quarter. As a percentage of average loans and leases, annualized net charge-offs were 0.33%, compared to 0.34% in the prior quarter.

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The allowance for loan and lease losses, excluding the allowance for loans acquired from the FDIC, was $1.4 billion, essentially flat compared to the prior quarter. The allowance for loans acquired from the FDIC was $57 million, flat compared to the prior quarter. As of June 30, 2015, the total allowance for loan and lease losses was 1.19% of loans and leases held for investment, compared to 1.22% at March 31, 2015. The allowance for loan and lease losses was 2.55 times nonperforming loans and leases held for investment, compared to 2.45 times at March 31, 2015. At June 30, 2015, the allowance for loan and lease losses was 3.71 times annualized net charge-offs, compared to 3.60 times at March 31, 2015.

Earnings presentation and Quarterly Performance Summary

To listen to BB&T’s live second quarter 2015 earnings conference call at 8 a.m. (ET) today, please call 1-888-632-5009 and enter the participant code 5184622. A presentation will be used during the earnings conference call and is available on our website at www.bbt.com. Replays of the conference call will be available for 30 days by dialing 888-203-1112 (access code 4313363).

The presentation, including an appendix reconciling non-GAAP disclosures, is available at www.bbt.com.

BB&T’s second quarter 2015 Quarterly Performance Summary, which contains detailed financial schedules, is available on BB&T’s website at www.bbt.com.

About BB&T

As of June 30, 2015, BB&T is one of the largest financial services holding companies in the U.S. with $191 billion in assets and market capitalization of $29.6 billion. Based in Winston-Salem, N.C., the company operates 1,903 financial centers in 13 states and Washington, D.C., and offers a full range of consumer and commercial banking, securities brokerage, asset management, mortgage and insurance products and services. A Fortune 500 company, BB&T is consistently recognized for outstanding client satisfaction by the U.S. Small Business Administration, Greenwich Associates and others. More information about BB&T and its full line of products and services is available at www.bbt.com.

#-#-#

Capital ratios are preliminary. Credit quality data excludes government guaranteed GNMA loans where applicable.

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This news release contains financial information and performance measures determined by methods other than in accordance with accounting principles generally accepted in the United States of America (“GAAP”). BB&T’s management uses these “non-GAAP” measures in their analysis of the Corporation’s performance and the efficiency of its operations. Management believes that these non-GAAP measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods as well as demonstrating the effects of significant gains and charges in the current period. The company believes that a meaningful analysis of its financial performance requires an understanding of the factors underlying that performance. BB&T’s management believes that investors may use these non-GAAP financial measures to analyze financial performance without the impact of unusual items that may obscure trends in the company’s underlying performance. These disclosures should not be viewed as a substitute for financial measures determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. Below is a listing of the types of non-GAAP measures used in this news release:

Tangible common equity and related ratios are non-GAAP measures. The return on average risk-weighted assets is a non-GAAP measure. BB&T's management uses these measures to assess the quality of capital and believes that investors may find them useful in their analysis of the Corporation.

The ratio of loans greater than 90 days and still accruing interest as a percentage of loans held for investment has been adjusted to remove the impact of loans that are or were covered by FDIC loss sharing agreements. Management believes that their inclusion may result in distortion of these ratios such that they might not be comparable to other periods presented or to other portfolios that were not impacted by purchase accounting.

Fee income and efficiency ratios are non-GAAP in that they exclude securities gains (losses), foreclosed property expense, amortization of intangible assets, merger-related and restructuring charges, the impact of FDIC loss share accounting and other selected items. BB&T’s management uses these measures in their analysis of the Corporation’s performance. BB&T’s management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods, as well as demonstrating the effects of significant gains and charges.

Return on average tangible common shareholders’ equity is a non-GAAP measure that calculates the return on average common shareholders’ equity without the impact of intangible assets and their related amortization. This measure is useful for evaluating the performance of a business consistently, whether acquired or developed internally.

Core net interest margin is a non-GAAP measure that adjusts net interest margin to exclude the impact of interest income and funding costs associated with loans and securities acquired in the Colonial acquisition. BB&T’s management believes that the exclusion of the generally higher yielding assets acquired in the Colonial acquisition from the calculation of net interest margin provides investors with useful information related to the relative performance of the remainder of BB&T’s earning assets.

A reconciliation of these non-GAAP measures to the most directly comparable GAAP measure is included in BB&T’s Second Quarter 2015 Quarterly Performance Summary, which is available on BB&T’s website at www.bbt.com.

- 20 -

This news release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, regarding the financial condition, results of operations, business plans and the future performance of BB&T that are based on the beliefs and assumptions of the management of BB&T and the information available to management at the time that these disclosures were prepared. Words such as “anticipates,” “believes,” “estimates,” “expects,” “forecasts,” “intends,” “plans,” “projects,” “may,” “will,” “should,” “could,” and other similar expressions are intended to identify these forward-looking statements. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. Such factors include, but are not limited to, the following:

general economic or business conditions, either nationally or regionally, may be less favorable than expected, resulting in, among other things, a deterioration in credit quality and/or a reduced demand for credit, insurance or other services;

disruptions to the credit and financial markets, either nationally or globally, including the impact of a downgrade of U.S. government obligations by one of the credit ratings agencies and the adverse effects of recessionary conditions in Europe;

changes in the interest rate environment and cash flow reassessments may reduce NIM and/or the volumes and values of loans made or held as well as the value of other financial assets held;

competitive pressures among depository and other financial institutions may increase significantly;

legislative, regulatory or accounting changes, including changes resulting from the adoption and implementation of the Dodd-Frank Act may adversely affect the businesses in which BB&T is engaged;

local, state or federal taxing authorities may take tax positions that are adverse to BB&T;

a reduction may occur in BB&T’s credit ratings;

adverse changes may occur in the securities markets;

competitors of BB&T may have greater financial resources and develop products that enable them to compete more successfully than BB&T and may be subject to different regulatory standards than BB&T;

natural or other disasters could have an adverse effect on BB&T in that such events could materially disrupt BB&T’s operations or the ability or willingness of BB&T’s customers to access the financial services BB&T offers;

costs or difficulties related to the integration of the businesses of BB&T and its merger partners may be greater than expected;

expected cost savings or revenue growth associated with completed mergers and acquisitions may not be fully realized or realized within the expected time frames;

significant litigation could have a material adverse effect on BB&T;

deposit attrition, customer loss and/or revenue loss following completed mergers and acquisitions may be greater than expected;

cyber-security risks, including “denial of service,” “hacking” and “identity theft,” could adversely affect BB&T’s business, financial performance, or reputation;

- 21 -

failure to implement part or all of the Company’s new ERP system could result in impairment charges that adversely impact BB&T’s financial condition and results of operations and could result in significant additional costs to BB&T; and

failure to execute on the Company’s strategic or operational plans, including the ability to successfully complete and/or integrate mergers and acquisitions, could adversely impact BB&T’s financial condition and results of operations.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this report. Actual results may differ materially from those expressed in or implied by any forward-looking statement. Except to the extent required by applicable law or regulation, BB&T undertakes no obligation to revise or update publicly any forward-looking statements for any reason.

- 22 -

Exhibit 99.2

BB&T Corporation

Quarterly Performance Summary

Second Quarter 2015

BB&T Corporation
Quarterly Performance Summary
Table of Contents




		Page
Financial Highlights		1
Financial Highlights - Five Quarter Trend		2
Consolidated Statements of Income		3
Consolidated Statements of Income - Five Quarter Trend		4
Lines of Business Financial Performance - Five Quarter Trend		5
Consolidated Balance Sheets		7
Consolidated Balance Sheets - Five Quarter Trend		8
Average Balance Sheets		9
Average Balance Sheets - Five Quarter Trend		10
Average Balances and Rates - Quarters		11
Credit Quality		14
Credit Quality - Supplemental Information		17
Preliminary Capital Information - Five Quarter Trend		18
Selected Items & Additional Information		19
Non-GAAP Reconciliations		20

BB&T Corporation
Financial Highlights
(Dollars in millions, except per share data, shares in thousands)
		Quarter Ended								Year-to-Date
		June 30						%		June 30						%
		2015			2014			Change		2015			2014			Change
Summary Income Statement
Interest income		$	1,525		$	1,572		(3.0)	%	$	3,053		$	3,154		(3.2)	%
Interest expense			177			194		(8.8)			358			393		(8.9)
	Net interest income - taxable equivalent		1,348			1,378		(2.2)			2,695			2,761		(2.4)
Less: Taxable-equivalent adjustment			36			35		2.9			71			71		―
	Net interest income		1,312			1,343		(2.3)			2,624			2,690		(2.5)
Provision for credit losses			97			74		31.1			196			134		46.3
	Net interest income after provision for credit losses		1,215			1,269		(4.3)			2,428			2,556		(5.0)
Noninterest income			1,019			958		6.4			2,016			1,885		6.9
Noninterest expense			1,653			1,534		7.8			3,075			2,919		5.3
Income before income taxes			581			693		(16.2)			1,369			1,522		(10.1)
Provision for income taxes			80			216		(63.0)			321			472		(32.0)
	Net income		501			477		5.0			1,048			1,050		(0.2)
Noncontrolling interests			10			16		(37.5)			32			56		(42.9)
Preferred stock dividends			37			37		―			74			74		―
	Net income available to common shareholders		454			424		7.1			942			920		2.4
Per Common Share Data
Earnings:
	Basic	$	0.63		$	0.59		6.8	%	$	1.30		$	1.29		0.8	%
	Diluted		0.62			0.58		6.9			1.29			1.27		1.6
Cash dividends declared			0.27			0.24		12.5			0.51			0.47		8.5
Common equity			30.64			29.52		3.8			30.64			29.52		3.8
Tangible common equity (1)			20.21			19.21		5.2			20.21			19.21		5.2

End of period shares outstanding (in thousands)			733,481			719,584		1.9			733,481			719,584		1.9
Weighted average shares (in thousands):
	Basic		724,880			719,080		0.8			723,268			715,978		1.0
	Diluted		734,527			728,452		0.8			733,002			726,388		0.9
Performance Ratios
Return on average assets			1.06	%		1.04	%				1.12	%		1.15	%
Return on average risk-weighted assets			1.32			1.38					1.40			1.53
Return on average common shareholders' equity			8.20			8.04					8.62			8.89
Return on average tangible common shareholders' equity (2)			12.76			12.77					13.37			14.18
Net interest margin - taxable equivalent			3.27			3.43					3.30			3.47
Fee income ratio (3)			46.3			44.7					46.1			44.2
Efficiency ratio (3)			59.2			58.4					58.9			58.3
Credit Quality
Nonperforming assets as a percentage of:
	Total assets		0.38	%		0.52	%				0.38	%		0.52	%
	Loans and leases plus foreclosed property		0.60			0.81					0.60			0.81
Net charge-offs as a percentage of average
	loans and leases		0.33			0.41					0.33			0.49
Allowance for loan and lease losses as a percentage
	of loans and leases held for investment		1.19			1.33					1.19			1.33
Ratio of allowance for loan and lease losses to
	nonperforming loans and leases held for investment		2.55	X		1.89	X				2.55	X		1.89	X
Average Balances
Total assets		$	189,033		$	185,094		2.1	%	$	188,170		$	183,769		2.4	%
Total securities (4)			40,727			40,656		0.2			40,929			40,388		1.3
Loans and leases			122,056			118,510		3.0			121,150			117,447		3.2
Deposits			131,868			129,599		1.8			130,706			127,669		2.4
Common shareholders' equity			22,210			21,159		5.0			22,047			20,871		5.6
Shareholders' equity			24,888			23,841		4.4			24,728			23,539		5.1
Period-End Balances
Total assets		$	191,017		$	188,043		1.6	%	$	191,017		$	188,043		1.6	%
Total securities (4)			40,620			41,368		(1.8)			40,620			41,368		(1.8)
Loans and leases			124,770			121,215		2.9			124,770			121,215		2.9
Deposits			132,783			131,586		0.9			132,783			131,586		0.9
Common shareholders' equity			22,477			21,243		5.8			22,477			21,243		5.8
Shareholders' equity			25,132			23,931		5.0			25,132			23,931		5.0
Capital Ratios - Preliminary
Risk-based:		Basel III			Basel I					Basel III			Basel I
	Common equity Tier 1		10.4	%		N/A					10.4	%		N/A
	Tier 1		12.1			12.1	%				12.1			12.1	%
	Total		14.3			14.4					14.3			14.4
Leverage			10.2			9.5					10.2			9.5
Tangible common equity to tangible assets (1)			8.1			7.7					8.1			7.7
Applicable ratios are annualized. Risk-based and leverage capital ratios for the first quarter of 2015 and later are determined in accordance with the Basel III Standardized Transitional Approach, which became effective January 1, 2015. Ratios for earlier periods were determined in accordance with Basel I.
(1)	Tangible common equity per share and tangible common equity to tangible assets ratios are non-GAAP measures. See the calculations and management's reasons for using these measures in the Capital Information - Five Quarter Trend section of this supplement.
(2)	Return on average tangible common shareholders' equity is a non-GAAP measure. See the calculation and management's reasons for using this measure in the Non-GAAP Reconciliations section of this supplement.
(3)	Excludes certain items as detailed in the Non-GAAP Reconciliations section of this supplement.
(4)	Excludes trading securities. Average balances reflect both AFS and HTM securities at amortized cost. Period-end balances reflect AFS securities at fair value and HTM securities at amortized cost.

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BB&T Corporation
Financial Highlights - Five Quarter Trend
(Dollars in millions, except per share data, shares in thousands)

		Quarter Ended
		June 30			March 31			Dec. 31			Sept. 30			June 30
		2015			2015			2014			2014			2014
Summary Income Statement
Interest income		$	1,525		$	1,528		$	1,554		$	1,578		$	1,572
Interest expense			177			181			183			193			194
	Net interest income - taxable equivalent		1,348			1,347			1,371			1,385			1,378
Less: Taxable-equivalent adjustment			36			35			36			36			35
	Net interest income		1,312			1,312			1,335			1,349			1,343
Provision for credit losses			97			99			83			34			74
	Net interest income after provision for credit losses		1,215			1,213			1,252			1,315			1,269
Noninterest income			1,019			997			1,022			949			958
Noninterest expense			1,653			1,422			1,394			1,539			1,534
Income before income taxes			581			788			880			725			693
Provision for income taxes			80			241			277			172			216
	Net income		501			547			603			553			477
Noncontrolling interests			10			22			15			4			16
Preferred stock dividends			37			37			37			37			37
	Net income available to common shareholders		454			488			551			512			424
Per Common Share Data
Earnings:
	Basic	$	0.63		$	0.68		$	0.77		$	0.71		$	0.59
	Diluted		0.62			0.67			0.75			0.70			0.58
Cash dividends declared			0.27			0.24			0.24			0.24			0.24
Common equity			30.64			30.48			30.09			29.98			29.52
Tangible common equity (1)			20.21			20.13			19.86			19.71			19.21

End of period shares outstanding (in thousands)			733,481			723,159			720,698			720,298			719,584
Weighted average shares (in thousands):
	Basic		724,880			721,639			720,418			720,117			719,080
	Diluted		734,527			731,511			730,652			729,989			728,452
Performance Ratios
Return on average assets			1.06	%		1.18	%		1.28	%		1.18	%		1.04	%
Return on average risk-weighted assets			1.32			1.48			1.68			1.56			1.38
Return on average common shareholders' equity			8.20			9.05			9.99			9.45			8.04
Return on average tangible common shareholders' equity (2)			12.76			14.00			15.45			14.83			12.77
Net interest margin - taxable equivalent			3.27			3.33			3.36			3.38			3.43
Fee income ratio (3)			46.3			45.8			46.2			44.3			44.7
Efficiency ratio (3)			59.2			58.5			55.6			58.7			58.4
Credit Quality
Nonperforming assets as a percentage of:
	Total assets		0.38	%		0.40	%		0.42	%		0.50	%		0.52	%
	Loans and leases plus foreclosed property		0.60			0.64			0.65			0.79			0.81
Net charge-offs as a percentage of average
	loans and leases		0.33			0.34			0.39			0.48			0.41
Allowance for loan and lease losses as a percentage
	of loans and leases held for investment		1.19			1.22			1.23			1.27			1.33
Ratio of allowance for loan and lease losses to
	nonperforming loans and leases held for investment		2.55	X		2.45	X		2.39	X		1.92	X		1.89	X
Average Balances
Total assets		$	189,033		$	187,297		$	186,462		$	186,339		$	185,094
Total securities (4)			40,727			41,133			40,817			40,566			40,656
Loans and leases			122,056			120,235			119,912			120,471			118,510
Deposits			131,868			129,531			130,315			130,608			129,599
Common shareholders' equity			22,210			21,883			21,895			21,471			21,159
Total shareholders' equity			24,888			24,566			24,574			24,151			23,841
Period-End Balances
Total assets		$	191,017		$	189,228		$	186,834		$	187,045		$	188,043
Total securities (4)			40,620			42,089			41,147			41,891			41,368
Loans and leases			124,770			122,027			121,307			120,690			121,215
Deposits			132,783			131,229			129,040			130,895			131,586
Common shareholders' equity			22,477			22,039			21,686			21,592			21,243
Shareholders' equity			25,132			24,738			24,377			24,271			23,931
Capital Ratios - Preliminary
Risk-based:		Basel III						Basel I
	Common equity Tier 1		10.4	%		10.5	%		N/A			N/A			N/A
	Tier 1		12.1			12.2			12.4	%		12.4	%		12.1	%
	Total		14.3			14.4			14.9			15.1			14.4
Leverage			10.2			10.1			9.9			9.7			9.5
Tangible common equity to tangible assets (1)			8.1			8.0			8.0			7.9			7.7
Applicable ratios are annualized. Risk-based and leverage capital ratios for the first quarter of 2015 and later are determined in accordance with the Basel III Standardized Transitional Approach, which became effective January 1, 2015. Ratios for earlier periods were determined in accordance with Basel I.
(1)	Tangible common equity per share and tangible common equity to tangible assets ratios are non-GAAP measures. See the calculations and management's reasons for using these measures in the Capital Information - Five Quarter Trend section of this supplement.
(2)	Return on average tangible common shareholders' equity is a non-GAAP measure. See the calculation and management's reasons for using this measure in the Non-GAAP Reconciliations section of this supplement.
(3)	Excludes certain items as detailed in the Non-GAAP Reconciliations section of this supplement.
(4)	Excludes trading securities. Average balances reflect both AFS and HTM securities at amortized cost. Period-end balances reflect AFS securities at fair value and HTM securities at amortized cost.

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BB&T Corporation
Consolidated Statements of Income
(Dollars in millions, except per share data, shares in thousands)

			Quarter Ended								Year-to-Date
			June 30				Change				June 30				Change
			2015		2014		$		%		2015		2014		$		%
Interest Income
	Interest and fees on loans and leases		$	1,249	$	1,295	$	(46)	(3.6)	%	$	2,486	$	2,590	$	(104)	(4.0)	%
	Interest and dividends on securities			232		234		(2)	(0.9)			472		470		2	0.4
	Interest on other earning assets			8		8		―	―			24		23		1	4.3
		Total interest income		1,489		1,537		(48)	(3.1)			2,982		3,083		(101)	(3.3)
Interest Expense
	Interest on deposits			55		60		(5)	(8.3)			110		120		(10)	(8.3)
	Interest on short-term borrowings			1		1		―	―			2		2		―	―
	Interest on long-term debt			121		133		(12)	(9.0)			246		271		(25)	(9.2)
		Total interest expense		177		194		(17)	(8.8)			358		393		(35)	(8.9)
Net interest income				1,312		1,343		(31)	(2.3)			2,624		2,690		(66)	(2.5)
	Provision for credit losses			97		74		23	31.1			196		134		62	46.3
Net interest income after provision for credit losses				1,215		1,269		(54)	(4.3)			2,428		2,556		(128)	(5.0)
Noninterest income
	Insurance income			422		422		―	―			862		849		13	1.5
	Service charges on deposits			154		158		(4)	(2.5)			299		308		(9)	(2.9)
	Mortgage banking income			130		86		44	51.2			240		160		80	50.0
	Investment banking and brokerage fees and commissions			108		92		16	17.4			202		180		22	12.2
	Bankcard fees and merchant discounts			55		54		1	1.9			105		100		5	5.0
	Trust and investment advisory revenues			57		55		2	3.6			113		109		4	3.7
	Checkcard fees			43		42		1	2.4			82		80		2	2.5
	Operating lease income			30		20		10	50.0			59		42		17	40.5
	Income from bank-owned life insurance			27		25		2	8.0			57		52		5	9.6
	FDIC loss share income, net			(64)		(88)		24	(27.3)			(143)		(172)		29	(16.9)
	Securities gains (losses), net			(1)		―		(1)	NM			(1)		2		(3)	(150.0)
	Other income			58		92		(34)	(37.0)			141		175		(34)	(19.4)
		Total noninterest income		1,019		958		61	6.4			2,016		1,885		131	6.9
Noninterest Expense
	Personnel expense			864		809		55	6.8			1,694		1,591		103	6.5
	Occupancy and equipment expense			166		168		(2)	(1.2)			333		344		(11)	(3.2)
	Loan-related expense			37		80		(43)	(53.8)			75		131		(56)	(42.7)
	Software expense			46		42		4	9.5			90		85		5	5.9
	Professional services			35		34		1	2.9			59		67		(8)	(11.9)
	Outside IT services			29		31		(2)	(6.5)			59		58		1	1.7
	Regulatory charges			25		30		(5)	(16.7)			48		59		(11)	(18.6)
	Amortization of intangibles			23		23		―	―			44		46		(2)	(4.3)
	Foreclosed property expense			14		10		4	40.0			27		19		8	42.1
	Merger-related and restructuring charges, net			25		13		12	92.3			38		21		17	81.0
	Loss on early extinguishment of debt			172		―		172	NM			172		―		172	NM
	Other expense			217		294		(77)	(26.2)			436		498		(62)	(12.4)
		Total noninterest expense		1,653		1,534		119	7.8			3,075		2,919		156	5.3
Earnings
	Income before income taxes			581		693		(112)	(16.2)			1,369		1,522		(153)	(10.1)
	Provision for income taxes			80		216		(136)	(63.0)			321		472		(151)	(32.0)
		Net Income		501		477		24	5.0			1,048		1,050		(2)	(0.2)
	Noncontrolling interests			10		16		(6)	(37.5)			32		56		(24)	(42.9)
	Preferred stock dividends			37		37		―	―			74		74		―	―
		Net income available to common shareholders	$	454	$	424	$	30	7.1	%	$	942	$	920	$	22	2.4	%

Earnings Per Common Share
		Basic	$	0.63	$	0.59	$	0.04	6.8	%	$	1.30	$	1.29	$	0.01	0.8	%
		Diluted		0.62		0.58		0.04	6.9			1.29		1.27		0.02	1.6

Weighted Average Shares Outstanding
		Basic		724,880		719,080		5,800	0.8			723,268		715,978		7,290	1.0
		Diluted		734,527		728,452		6,075	0.8			733,002		726,388		6,614	0.9
NM - not meaningful.

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BB&T Corporation
Consolidated Statements of Income - Five Quarter Trend
(Dollars in millions, except per share data, shares in thousands)

			Quarter Ended
			June 30		March 31		Dec. 31		Sept. 30		June 30
			2015		2015		2014		2014		2014
Interest Income
	Interest and fees on loans and leases		$	1,249	$	1,237	$	1,272	$	1,301	$	1,295
	Interest and dividends on securities			232		240		237		232		234
	Interest on other earning assets			8		16		9		8		8
		Total interest income		1,489		1,493		1,518		1,541		1,537
Interest Expense
	Interest on deposits			55		55		58		61		60
	Interest on short-term borrowings			1		1		1		1		1
	Interest on long-term debt			121		125		124		130		133
		Total interest expense		177		181		183		192		194
Net interest income				1,312		1,312		1,335		1,349		1,343
	Provision for credit losses			97		99		83		34		74
Net interest income after provision for credit losses				1,215		1,213		1,252		1,315		1,269
Noninterest income
	Insurance income			422		440		409		385		422
	Service charges on deposits			154		145		160		164		158
	Mortgage banking income			130		110		128		107		86
	Investment banking and brokerage fees and commissions			108		94		112		95		92
	Bankcard fees and merchant discounts			55		50		52		55		54
	Trust and investment advisory revenues			57		56		56		56		55
	Checkcard fees			43		39		42		42		42
	Operating lease income			30		29		28		24		20
	Income from bank-owned life insurance			27		30		30		28		25
	FDIC loss share income, net			(64)		(79)		(84)		(87)		(88)
	Securities gains (losses), net			(1)		―		―		(5)		―
	Other income			58		83		89		85		92
		Total noninterest income		1,019		997		1,022		949		958
Noninterest Expense
	Personnel expense			864		830		794		795		809
	Occupancy and equipment expense			166		167		168		170		168
	Loan-related expense			37		38		71		65		80
	Software expense			46		44		45		44		42
	Professional services			35		24		38		34		34
	Outside IT services			29		30		27		30		31
	Regulatory charges			25		23		24		23		30
	Amortization of intangibles			23		21		22		23		23
	Foreclosed property expense			14		13		10		11		10
	Merger-related and restructuring charges, net			25		13		18		7		13
	Loss on early extinguishment of debt			172		―		―		122		―
	Other expense			217		219		177		215		294
		Total noninterest expense		1,653		1,422		1,394		1,539		1,534
Earnings
	Income before income taxes			581		788		880		725		693
	Provision for income taxes			80		241		277		172		216
		Net Income		501		547		603		553		477
	Noncontrolling interests			10		22		15		4		16
	Preferred stock dividends			37		37		37		37		37
		Net income available to common shareholders	$	454	$	488	$	551	$	512	$	424

Earnings Per Common Share
		Basic	$	0.63	$	0.68	$	0.77	$	0.71	$	0.59
		Diluted		0.62		0.67		0.75		0.70		0.58

Weighted Average Shares Outstanding
		Basic		724,880		721,639		720,418		720,117		719,080
		Diluted		734,527		731,511		730,652		729,989		728,452

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BB&T Corporation
Lines of Business Financial Performance - Five Quarter Trend (1)
(Dollars in millions)
			Quarter Ended
Community Banking			June 30		March 31		Dec. 31		Sept. 30		June 30
			2015		2015		2014		2014		2014
Net interest income (expense)			$	432	$	426	$	435	$	437	$	430
Net intersegment interest income (expense)				304		284		295		296		298
	Segment net interest income			736		710		730		733		728
Allocated provision (benefit) for credit losses				11		13		20		52		35
Noninterest income				291		271		297		308		301
Intersegment net referral fees (expense)				38		30		32		31		28
Noninterest expense				385		371		350		368		384
Amortization of intangibles				7		6		7		7		7
Allocated corporate expenses				293		291		286		286		286
	Income (loss) before income taxes			369		330		396		359		345
	Provision (benefit) for income taxes			135		120		145		131		126
		Segment net income (loss)	$	234	$	210	$	251	$	228	$	219

Identifiable assets (period end)			$	56,911	$	55,277	$	55,495	$	55,115	$	54,709


			Quarter Ended
Residential Mortgage Banking			June 30		March 31		Dec. 31		Sept. 30		June 30
			2015		2015		2014		2014		2014
Net interest income (expense)			$	343	$	341	$	357	$	372	$	375
Net intersegment interest income (expense)				(227)		(232)		(237)		(246)		(250)
	Segment net interest income			116		109		120		126		125
Allocated provision (benefit) for credit losses				3		(12)		(38)		(48)		(1)
Noninterest income				101		84		100		82		68
Intersegment net referral fees (expense)				―		―		1		―		―
Noninterest expense				76		80		105		107		206
Amortization of intangibles				―		―		―		―		―
Allocated corporate expenses				22		22		22		21		21
	Income (loss) before income taxes			116		103		132		128		(33)
	Provision (benefit) for income taxes			44		39		50		48		(12)
		Segment net income (loss)	$	72	$	64	$	82	$	80	$	(21)

Identifiable assets (period end)			$	34,218	$	34,323	$	34,463	$	35,778	$	36,448


			Quarter Ended
Dealer Financial Services			June 30		March 31		Dec. 31		Sept. 30		June 30
			2015		2015		2014		2014		2014
Net interest income (expense)			$	216	$	212	$	214	$	212	$	207
Net intersegment interest income (expense)				(38)		(37)		(42)		(41)		(39)
	Segment net interest income			178		175		172		171		168
Allocated provision (benefit) for credit losses				48		61		80		53		31
Noninterest income				―		―		1		―		―
Intersegment net referral fees (expense)				―		―		―		―		―
Noninterest expense				41		32		31		28		28
Amortization of intangibles				―		―		―		―		―
Allocated corporate expenses				10		9		7		8		7
	Income (loss) before income taxes			79		73		55		82		102
	Provision (benefit) for income taxes			30		28		21		31		39
		Segment net income (loss)	$	49	$	45	$	34	$	51	$	63

Identifiable assets (period end)			$	13,906	$	14,012	$	12,821	$	12,514	$	12,513


			Quarter Ended
Specialized Lending			June 30		March 31		Dec. 31		Sept. 30		June 30
			2015		2015		2014		2014		2014
Net interest income (expense)			$	154	$	147	$	148	$	149	$	143
Net intersegment interest income (expense)				(43)		(42)		(40)		(38)		(34)
	Segment net interest income			111		105		108		111		109
Allocated provision (benefit) for credit losses				7		19		13		4		13
Noninterest income				74		64		69		63		51
Intersegment net referral fees (expense)				―		―		―		―		―
Noninterest expense				67		59		60		56		52
Amortization of intangibles				1		1		2		1		1
Allocated corporate expenses				15		15		15		15		15
	Income (loss) before income taxes			95		75		87		98		79
	Provision (benefit) for income taxes			25		18		23		27		19
		Segment net income (loss)	$	70	$	57	$	64	$	71	$	60

Identifiable assets (period end)			$	19,561	$	18,661	$	18,218	$	17,536	$	17,666
(1)	Lines of business results are preliminary.

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BB&T Corporation
Lines of Business Financial Performance - Five Quarter Trend (1)
(Dollars in millions)
			Quarter Ended
Insurance Services			June 30		March 31		Dec. 31		Sept. 30		June 30
			2015		2015		2014		2014		2014
Net interest income (expense)			$	―	$	1	$	1	$	―	$	1
Net intersegment interest income (expense)				1		2		2		1		2
	Segment net interest income			1		3		3		1		3
Allocated provision (benefit) for credit losses				―		―		―		―		―
Noninterest income				425		442		421		387		424
Intersegment net referral fees (expense)				―		―		―		―		―
Noninterest expense				310		302		281		297		308
Amortization of intangibles				11		12		13		13		14
Allocated corporate expenses				25		25		29		21		19
	Income (loss) before income taxes			80		106		101		57		86
	Provision (benefit) for income taxes			27		34		36		21		29
		Segment net income (loss)	$	53	$	72	$	65	$	36	$	57

Identifiable assets (period end)			$	2,907	$	2,811	$	2,965	$	2,736	$	3,015


			Quarter Ended
Financial Services			June 30		March 31		Dec. 31		Sept. 30		June 30
			2015		2015		2014		2014		2014
Net interest income (expense)			$	53	$	49	$	50	$	46	$	45
Net intersegment interest income (expense)				74		72		69		66		64
	Segment net interest income			127		121		119		112		109
Allocated provision (benefit) for credit losses				23		24		17		5		3
Noninterest income				209		199		218		186		189
Intersegment net referral fees (expense)				6		5		10		6		4
Noninterest expense				178		163		174		157		163
Amortization of intangibles				―		1		―		1		―
Allocated corporate expenses				32		31		29		30		30
	Income (loss) before income taxes			109		106		127		111		106
	Provision (benefit) for income taxes			41		40		48		42		39
		Segment net income (loss)	$	68	$	66	$	79	$	69	$	67

Identifiable assets (period end)			$	14,486	$	14,012	$	12,849	$	12,033	$	11,972


			Quarter Ended
Other, Treasury & Corporate (2)			June 30		March 31		Dec. 31		Sept. 30		June 30
			2015		2015		2014		2014		2014
Net interest income (expense)			$	114	$	136	$	130	$	133	$	142
Net intersegment interest income (expense)				(71)		(47)		(47)		(38)		(41)
	Segment net interest income			43		89		83		95		101
Allocated provision (benefit) for credit losses				5		(6)		(9)		(32)		(7)
Noninterest income				(81)		(63)		(84)		(77)		(75)
Intersegment net referral fees (expense)				(44)		(35)		(43)		(37)		(32)
Noninterest expense				573		394		371		503		370
Amortization of intangibles				4		1		―		1		1
Allocated corporate expenses				(397)		(393)		(388)		(381)		(378)
	Income (loss) before income taxes			(267)		(5)		(18)		(110)		8
	Provision (benefit) for income taxes			(222)		(38)		(46)		(128)		(24)
		Segment net income (loss)	$	(45)	$	33	$	28	$	18	$	32

Identifiable assets (period end)			$	49,028	$	50,132	$	50,023	$	51,333	$	51,720


			Quarter Ended
Total BB&T Corporation			June 30		March 31		Dec. 31		Sept. 30		June 30
			2015		2015		2014		2014		2014
Net interest income (expense)			$	1,312	$	1,312	$	1,335	$	1,349	$	1,343
Net intersegment interest income (expense)				―		―		―		―		―
	Segment net interest income			1,312		1,312		1,335		1,349		1,343
Allocated provision (benefit) for credit losses				97		99		83		34		74
Noninterest income				1,019		997		1,022		949		958
Intersegment net referral fees (expense)				―		―		―		―		―
Noninterest expense				1,630		1,401		1,372		1,516		1,511
Amortization of intangibles				23		21		22		23		23
Allocated corporate expenses				―		―		―		―		―
	Income (loss) before income taxes			581		788		880		725		693
	Provision (benefit) for income taxes			80		241		277		172		216
		Segment net income (loss)	$	501	$	547	$	603	$	553	$	477

Identifiable assets (period end)			$	191,017	$	189,228	$	186,834	$	187,045	$	188,043
(1)	Lines of business results are preliminary.
(2)	Includes financial data from subsidiaries below the quantitative and qualitative thresholds requiring disclosure.

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BB&T Corporation
Consolidated Balance Sheets
(Dollars in millions)



				As of June 30				Change
				2015		2014		$		%
Assets
	Cash and due from banks			$	1,607	$	1,718	$	(111)	(6.5)	%
	Interest-bearing deposits with banks				824		589		235	39.9
	Federal funds sold and securities purchased under
		resale agreements or similar arrangements			190		141		49	34.8
	Restricted cash				379		292		87	29.8
	Securities available for sale at fair value				21,183		20,936		247	1.2
	Securities held to maturity				19,437		20,432		(995)	(4.9)
	Loans and leases:
		Commercial:
			Commercial and industrial		43,607		40,318		3,289	8.2
			Commercial real estate—income producing properties		11,132		10,438		694	6.6
			Commercial real estate—construction and development		2,874		2,634		240	9.1
		Direct retail lending			8,675		7,797		878	11.3
		Sales finance			10,493		10,405		88	0.8
		Revolving credit			2,407		2,391		16	0.7
		Residential mortgage			30,054		32,800		(2,746)	(8.4)
		Other lending subsidiaries			12,067		11,087		980	8.8
		Acquired from FDIC			992		1,653		(661)	(40.0)
			Total loans and leases held for investment		122,301		119,523		2,778	2.3
		Loans held for sale			2,469		1,692		777	45.9
			Total loans and leases		124,770		121,215		3,555	2.9
	Allowance for loan and lease losses				(1,457)		(1,590)		133	(8.4)
	Premises and equipment				1,900		1,857		43	2.3
	Goodwill				7,141		6,868		273	4.0
	Core deposit and other intangible assets				514		552		(38)	(6.9)
	Residential mortgage servicing rights at fair value				912		954		(42)	(4.4)
	Other assets				13,617		14,079		(462)	(3.3)
		Total assets		$	191,017	$	188,043	$	2,974	1.6	%
Liabilities and Shareholders' Equity
	Deposits:
		Noninterest-bearing deposits		$	42,234	$	37,398	$	4,836	12.9	%
		Interest checking			20,843		18,557		2,286	12.3
		Money market and savings			55,269		49,191		6,078	12.4
		Time deposits			14,437		26,440		(12,003)	(45.4)
			Total deposits		132,783		131,586		1,197	0.9
	Short-term borrowings				3,883		3,979		(96)	(2.4)
	Long-term debt				23,271		21,927		1,344	6.1
	Other liabilities				5,948		6,620		(672)	(10.2)
		Total liabilities			165,885		164,112		1,773	1.1
	Shareholders' equity:
		Preferred stock			2,603		2,603		―	―
		Common stock			3,667		3,598		69	1.9
		Additional paid-in capital			6,667		6,451		216	3.3
		Retained earnings			12,891		11,600		1,291	11.1
		Accumulated other comprehensive loss			(748)		(406)		(342)	84.2
		Noncontrolling interests			52		85		(33)	(38.8)
			Total shareholders' equity		25,132		23,931		1,201	5.0
			Total liabilities and shareholders' equity	$	191,017	$	188,043	$	2,974	1.6	%

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BB&T Corporation
Consolidated Balance Sheets - Five Quarter Trend
(Dollars in millions)

				As of
				June 30		March 31		Dec. 31		Sept. 30		June 30
				2015		2015		2014		2014		2014
Assets
	Cash and due from banks			$	1,607	$	1,452	$	1,639	$	1,439	$	1,718
	Interest-bearing deposits with banks				824		325		529		437		589
	Federal funds sold and securities purchased under
		resale agreements or similar arrangements			190		222		157		141		141
	Restricted cash				379		513		374		292		292
	Securities available for sale at fair value				21,183		21,674		20,907		21,174		20,936
	Securities held to maturity				19,437		20,415		20,240		20,717		20,432
	Loans and leases:
		Commercial:
			Commercial and industrial		43,607		42,294		41,454		40,048		40,318
			Commercial real estate—income producing properties		11,132		10,719		10,722		10,662		10,438
			Commercial real estate—construction and development		2,874		2,655		2,735		2,733		2,634
		Direct retail lending			8,675		8,288		8,146		8,042		7,797
		Sales finance			10,493		10,613		10,600		10,269		10,405
		Revolving credit			2,407		2,390		2,460		2,414		2,391
		Residential mortgage			30,054		30,533		31,090		31,813		32,800
		Other lending subsidiaries			12,067		11,304		11,462		11,283		11,087
		Acquired from FDIC			992		1,110		1,215		1,425		1,653
			Total loans and leases held for investment		122,301		119,906		119,884		118,689		119,523
		Loans held for sale			2,469		2,121		1,423		2,001		1,692
			Total loans and leases		124,770		122,027		121,307		120,690		121,215
	Allowance for loan and lease losses				(1,457)		(1,464)		(1,474)		(1,504)		(1,590)
	Premises and equipment				1,900		1,879		1,827		1,842		1,857
	Goodwill				7,141		6,950		6,869		6,869		6,868
	Core deposit and other intangible assets				514		530		505		527		552
	Residential mortgage servicing rights at fair value				912		764		844		943		954
	Other assets				13,617		13,941		13,110		13,478		14,079
		Total assets		$	191,017	$	189,228	$	186,834	$	187,045	$	188,043
Liabilities and Shareholders' Equity
	Deposits:
		Noninterest-bearing deposits		$	42,234	$	41,414	$	38,786	$	38,576	$	37,398
		Interest checking			20,843		21,070		20,262		18,640		18,557
		Money market and savings			55,269		53,198		50,604		50,845		49,191
		Time deposits			14,437		15,547		19,388		22,834		26,440
			Total deposits		132,783		131,229		129,040		130,895		131,586
	Short-term borrowings				3,883		3,130		3,717		3,385		3,979
	Long-term debt				23,271		23,437		23,312		22,355		21,927
	Other liabilities				5,948		6,694		6,388		6,139		6,620
		Total liabilities			165,885		164,490		162,457		162,774		164,112
	Shareholders' equity:
		Preferred stock			2,603		2,603		2,603		2,603		2,603
		Common stock			3,667		3,616		3,603		3,601		3,598
		Additional paid-in capital			6,667		6,524		6,517		6,494		6,451
		Retained earnings			12,891		12,632		12,317		11,939		11,600
		Accumulated other comprehensive loss			(748)		(733)		(751)		(442)		(406)
		Noncontrolling interests			52		96		88		76		85
			Total shareholders' equity		25,132		24,738		24,377		24,271		23,931
			Total liabilities and shareholders' equity	$	191,017	$	189,228	$	186,834	$	187,045	$	188,043

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BB&T Corporation
Average Balance Sheets
(Dollars in millions)



					Quarter Ended								Year-to-Date
					June 30				Change				June 30				Change
					2015		2014		$		%		2015		2014		$		%
Assets
	Securities, at amortized cost (1):
		U.S. Treasury			$	2,561	$	1,932	$	629	32.6	%	$	2,529	$	1,784	$	745	41.8	%
		U.S. government-sponsored entities (GSE)				5,400		5,604		(204)	(3.6)			5,397		5,603		(206)	(3.7)
		Mortgage-backed securities issued by GSE				29,245		29,627		(382)	(1.3)			29,461		29,484		(23)	(0.1)
		States and political subdivisions				1,834		1,831		3	0.2			1,828		1,832		(4)	(0.2)
		Non-agency mortgage-backed				220		250		(30)	(12.0)			224		255		(31)	(12.2)
		Other				623		464		159	34.3			633		470		163	34.7
		Acquired from FDIC				844		948		(104)	(11.0)			857		960		(103)	(10.7)
			Total securities			40,727		40,656		71	0.2			40,929		40,388		541	1.3
	Other earning assets					2,645		1,977		668	33.8			2,324		1,927		397	20.6
	Loans and leases:
		Commercial:
			Commercial and industrial			42,541		39,397		3,144	8.0			41,998		38,919		3,079	7.9
			CRE—income producing properties			10,730		10,382		348	3.4			10,705		10,338		367	3.6
			CRE—construction and development			2,767		2,566		201	7.8			2,750		2,511		239	9.5
		Direct retail lending (2)				8,449		7,666		783	10.2			8,320		8,503		(183)	(2.2)
		Sales finance				10,517		10,028		489	4.9			10,508		9,729		779	8.0
		Revolving credit				2,365		2,362		3	0.1			2,375		2,359		16	0.7
		Residential mortgage (2)				29,862		32,421		(2,559)	(7.9)			30,143		31,533		(1,390)	(4.4)
		Other lending subsidiaries				11,701		10,553		1,148	10.9			11,511		10,395		1,116	10.7
		Acquired from FDIC				1,055		1,739		(684)	(39.3)			1,105		1,806		(701)	(38.8)
			Total loans and leases held for investment			119,987		117,114		2,873	2.5			119,415		116,093		3,322	2.9
		Loans held for sale				2,069		1,396		673	48.2			1,735		1,354		381	28.1
			Total loans and leases			122,056		118,510		3,546	3.0			121,150		117,447		3,703	3.2
				Total earning assets		165,428		161,143		4,285	2.7			164,403		159,762		4,641	2.9
	Nonearning assets					23,605		23,951		(346)	(1.4)			23,767		24,007		(240)	(1.0)
	Total assets				$	189,033	$	185,094	$	3,939	2.1	%	$	188,170	$	183,769	$	4,401	2.4	%
Liabilities and Shareholders' Equity
	Deposits:
		Noninterest-bearing deposits			$	41,502	$	36,634	$	4,868	13.3	%	$	40,607	$	36,017	$	4,590	12.7	%
		Interest checking				20,950		18,406		2,544	13.8			20,787		18,510		2,277	12.3
		Money market and savings				53,852		48,965		4,887	10.0			52,754		48,866		3,888	8.0
		Time deposits				14,800		25,010		(10,210)	(40.8)			15,894		23,481		(7,587)	(32.3)
		Foreign office deposits - interest-bearing				764		584		180	30.8			664		795		(131)	(16.5)
			Total deposits			131,868		129,599		2,269	1.8			130,706		127,669		3,037	2.4
	Short-term borrowings					3,080		2,962		118	4.0			3,308		3,638		(330)	(9.1)
	Long-term debt					22,616		22,206		410	1.8			22,828		22,318		510	2.3
	Other liabilities					6,581		6,486		95	1.5			6,600		6,605		(5)	(0.1)
		Total liabilities				164,145		161,253		2,892	1.8			163,442		160,230		3,212	2.0
		Shareholders' equity				24,888		23,841		1,047	4.4			24,728		23,539		1,189	5.1
	Total liabilities and shareholders' equity				$	189,033	$	185,094	$	3,939	2.1	%	$	188,170	$	183,769	$	4,401	2.4	%
Average balances exclude basis adjustments for fair value hedges.
(1)	Excludes trading securities.
(2)	During the first quarter of 2014, $8.3 billion of loans were transferred from direct retail lending to residential mortgage.

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BB&T Corporation
Average Balance Sheets - Five Quarter Trend
(Dollars in millions)



					Quarter Ended
					June 30		March 31		Dec. 31		Sept. 30		June 30
					2015		2015		2014		2014		2014
Assets
	Securities, at amortized cost (1):
		U.S. Treasury			$	2,561	$	2,497	$	2,118	$	2,183	$	1,932
		U.S. government-sponsored entities (GSE)				5,400		5,394		5,394		5,465		5,604
		Mortgage-backed securities issued by GSE				29,245		29,679		29,706		29,340		29,627
		States and political subdivisions				1,834		1,823		1,818		1,825		1,831
		Non-agency mortgage-backed				220		228		235		242		250
		Other				623		643		654		592		464
		Acquired from FDIC				844		869		892		919		948
			Total securities			40,727		41,133		40,817		40,566		40,656
	Other earning assets					2,645		1,999		1,830		1,842		1,977
	Loans and leases:
		Commercial:
			Commercial and industrial			42,541		41,448		40,383		39,906		39,397
			Commercial real estate—income producing properties			10,730		10,680		10,681		10,596		10,382
			Commercial real estate—construction and development			2,767		2,734		2,772		2,670		2,566
		Direct retail lending				8,449		8,191		8,085		7,912		7,666
		Sales finance				10,517		10,498		10,247		10,313		10,028
		Revolving credit				2,365		2,385		2,427		2,396		2,362
		Residential mortgage				29,862		30,427		31,046		32,000		32,421
		Other lending subsidiaries				11,701		11,318		11,351		11,234		10,553
		Acquired from FDIC				1,055		1,156		1,309		1,537		1,739
			Total loans and leases held for investment			119,987		118,837		118,301		118,564		117,114
		Loans held for sale				2,069		1,398		1,611		1,907		1,396
			Total loans and leases			122,056		120,235		119,912		120,471		118,510
				Total earning assets		165,428		163,367		162,559		162,879		161,143
	Nonearning assets					23,605		23,930		23,903		23,460		23,951
	Total assets				$	189,033	$	187,297	$	186,462	$	186,339	$	185,094
Liabilities and Shareholders' Equity
	Deposits:
		Noninterest-bearing deposits			$	41,502	$	39,701	$	39,130	$	38,103	$	36,634
		Interest checking				20,950		20,623		19,308		18,588		18,406
		Money market and savings				53,852		51,644		51,176		49,974		48,965
		Time deposits				14,800		17,000		20,041		23,304		25,010
		Foreign office deposits - interest-bearing				764		563		660		639		584
			Total deposits			131,868		129,531		130,315		130,608		129,599
	Short-term borrowings					3,080		3,539		3,095		3,321		2,962
	Long-term debt					22,616		23,043		22,139		22,069		22,206
	Other liabilities					6,581		6,618		6,339		6,190		6,486
		Total liabilities				164,145		162,731		161,888		162,188		161,253
	Shareholders' equity					24,888		24,566		24,574		24,151		23,841
	Total liabilities and shareholders' equity				$	189,033	$	187,297	$	186,462	$	186,339	$	185,094
Average balances exclude basis adjustments for fair value hedges.
(1)	Excludes trading securities.

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BB&T Corporation
Average Balances and Rates - Quarters
(Dollars in millions)

					Quarter Ended
					June 30, 2015						March 31, 2015
					(1)		Interest		(2)		(1)		Interest		(2)
					Average		Income/		Yields/		Average		Income/		Yields/
					Balances		Expense		Rates		Balances		Expense		Rates
Assets
	Securities, at amortized cost (3):
		U.S. Treasury			$	2,561	$	10	1.56	%	$	2,497	$	9	1.49	%
		U.S. government-sponsored entities (GSE)				5,400		28	2.13			5,394		29	2.13
		Mortgage-backed securities issued by GSE				29,245		149	2.05			29,679		153	2.04
		States and political subdivisions				1,834		27	5.80			1,823		26	5.80
		Non-agency mortgage-backed				220		5	7.88			228		4	7.87
		Other				623		2	1.11			643		2	1.39
		Acquired from FDIC				844		24	11.36			869		31	14.46
			Total securities			40,727		245	2.41			41,133		254	2.47
	Other earning assets					2,645		7	1.19			1,999		16	3.13
	Loans and leases:
		Commercial:
			Commercial and industrial			42,541		335	3.15			41,448		326	3.19
			Commercial real estate—income producing properties			10,730		90	3.37			10,680		89	3.39
			Commercial real estate—construction and development			2,767		23	3.31			2,734		22	3.32
		Direct retail lending				8,449		86	4.04			8,191		82	4.08
		Sales finance				10,517		69	2.61			10,498		68	2.63
		Revolving credit				2,365		51	8.68			2,385		52	8.85
		Residential mortgage				29,862		308	4.14			30,427		312	4.11
		Other lending subsidiaries				11,701		255	8.72			11,318		249	8.92
		Acquired from FDIC				1,055		38	14.66			1,156		45	15.85
			Total loans and leases held for investment			119,987		1,255	4.19			118,837		1,245	4.24
		Loans held for sale				2,069		18	3.48			1,398		13	3.61
			Total loans and leases			122,056		1,273	4.18			120,235		1,258	4.23
				Total earning assets		165,428		1,525	3.69			163,367		1,528	3.77
	Nonearning assets					23,605						23,930
	Total assets				$	189,033					$	187,297

Liabilities and Shareholders' Equity
	Interest-bearing deposits:
		Interest checking			$	20,950		4	0.08		$	20,623		4	0.07
		Money market and savings				53,852		23	0.18			51,644		22	0.17
		Time deposits				14,800		28	0.72			17,000		29	0.71
		Foreign office deposits - interest-bearing				764		―	0.09			563		―	0.08
			Total interest-bearing deposits			90,366		55	0.24			89,830		55	0.25
	Short-term borrowings					3,080		1	0.16			3,539		1	0.11
	Long-term debt					22,616		121	2.14			23,043		125	2.18
		Total interest-bearing liabilities				116,062		177	0.61			116,412		181	0.63
	Noninterest-bearing deposits					41,502						39,701
	Other liabilities					6,581						6,618
	Shareholders' equity					24,888						24,566
	Total liabilities and shareholders' equity				$	189,033					$	187,297

	Average interest-rate spread								3.08						3.14

	Net interest income/ net interest margin						$	1,348	3.27	%			$	1,347	3.33	%

	Taxable-equivalent adjustment						$	36					$	35

Applicable ratios are annualized.
(1)	Excludes basis adjustments for fair value hedges.
(2)	Yields are on a fully taxable-equivalent basis.
(3)	Excludes trading securities.

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BB&T Corporation
Average Balances and Rates - Quarters
(Dollars in millions)

					Quarter Ended
					December 31, 2014						September 30, 2014						June 30, 2014
					(1)		Interest		(2)		(1)		Interest		(2)		(1)		Interest		(2)
					Average		Income/		Yields/		Average		Income/		Yields/		Average		Income/		Yields/
					Balances		Expense		Rates		Balances		Expense		Rates		Balances		Expense		Rates
Assets
	Securities, at amortized cost (3):
		U.S. Treasury			$	2,118	$	9	1.54	%	$	2,183	$	8	1.48	%	$	1,932	$	7	1.50	%
		U.S. government-sponsored entities (GSE)				5,394		29	2.13			5,465		29	2.12			5,604		29	2.08
		Mortgage-backed securities issued by GSE				29,706		148	2.01			29,340		145	1.98			29,627		146	1.97
		States and political subdivisions				1,818		27	5.81			1,825		26	5.78			1,831		27	5.78
		Non-agency mortgage-backed				235		5	7.81			242		5	7.77			250		4	7.65
		Other				654		2	1.42			592		2	1.33			464		2	1.46
		Acquired from FDIC				892		31	13.77			919		31	13.24			948		32	13.56
			Total securities			40,817		251	2.45			40,566		246	2.43			40,656		247	2.43
	Other earning assets					1,830		9	1.92			1,842		8	1.71			1,977		8	1.60
	Loans and leases:
		Commercial:
			Commercial and industrial			40,383		332	3.27			39,906		336	3.35			39,397		332	3.38
			CRE—income producing properties			10,681		93	3.43			10,596		92	3.44			10,382		90	3.50
			CRE—construction and development			2,772		24	3.38			2,670		23	3.46			2,566		23	3.57
		Direct retail lending				8,085		78	3.89			7,912		81	3.98			7,666		80	4.24
		Sales finance				10,247		69	2.67			10,313		69	2.67			10,028		67	2.67
		Revolving credit				2,427		54	8.72			2,396		52	8.67			2,362		51	8.64
		Residential mortgage				31,046		324	4.17			32,000		334	4.16			32,421		342	4.22
		Other lending subsidiaries				11,351		252	8.81			11,234		251	8.88			10,553		244	9.26
		Acquired from FDIC				1,309		52	15.93			1,537		67	17.12			1,739		73	16.77
			Total loans and leases held for investment			118,301		1,278	4.30			118,564		1,305	4.37			117,114		1,302	4.46
		Loans held for sale				1,611		16	3.91			1,907		19	4.23			1,396		15	4.21
			Total loans and leases			119,912		1,294	4.29			120,471		1,324	4.37			118,510		1,317	4.45
				Total earning assets		162,559		1,554	3.80			162,879		1,578	3.85			161,143		1,572	3.91
	Nonearning assets					23,903						23,460						23,951
	Total assets				$	186,462					$	186,339					$	185,094

Liabilities and Shareholders' Equity
	Interest-bearing deposits:
		Interest checking			$	19,308		4	0.07		$	18,588		3	0.07		$	18,406		3	0.06
		Money market and savings				51,176		21	0.17			49,974		20	0.16			48,965		18	0.14
		Time deposits				20,041		32	0.66			23,304		38	0.64			25,010		39	0.64
		Foreign office deposits - interest-bearing				660		1	0.08			639		―	0.07			584		―	0.08
			Total interest-bearing deposits			91,185		58	0.25			92,505		61	0.26			92,965		60	0.26
	Short-term borrowings					3,095		1	0.14			3,321		2	0.14			2,962		1	0.16
	Long-term debt					22,139		124	2.22			22,069		130	2.36			22,206		133	2.38
		Total interest-bearing liabilities				116,419		183	0.62			117,895		193	0.65			118,133		194	0.66
	Noninterest-bearing deposits					39,130						38,103						36,634
	Other liabilities					6,339						6,190						6,486
	Shareholders' equity					24,574						24,151						23,841
	Total liabilities and shareholders' equity				$	186,462					$	186,339					$	185,094

	Average interest-rate spread								3.18						3.20						3.25

	Net interest income/ net interest margin						$	1,371	3.36	%			$	1,385	3.38	%			$	1,378	3.43	%

	Taxable-equivalent adjustment						$	36					$	36					$	35

Applicable ratios are annualized.
(1)	Excludes basis adjustments for fair value hedges.
(2)	Yields are on a fully taxable-equivalent basis.
(3)	Excludes trading securities.

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BB&T Corporation
Average Balances and Rates - Year-To-Date
(Dollars in millions)

					Year-to-Date
					June 30, 2015						June 30, 2014
					(1)		Interest		(2)		(1)		Interest		(2)
					Average		Income/		Yields/		Average		Income/		Yields/
					Balances		Expense		Rates		Balances		Expense		Rates
Assets
	Securities, at amortized cost (3):
		U.S. Treasury			$	2,529	$	19	1.53	%	$	1,784	$	13	1.50	%
		U.S. government-sponsored entities (GSE)				5,397		57	2.13			5,603		58	2.08
		Mortgage-backed securities issued by GSE				29,461		302	2.05			29,484		296	2.01
		States and political subdivisions				1,828		53	5.80			1,832		53	5.78
		Non-agency mortgage-backed				224		9	7.87			255		9	7.32
		Other				633		4	1.25			470		4	1.51
		Acquired from FDIC				857		55	12.93			960		63	13.21
			Total securities			40,929		499	2.44			40,388		496	2.46
	Other earning assets					2,324		23	2.02			1,927		23	2.43
	Loans and leases:
		Commercial:
			Commercial and industrial			41,998		661	3.17			38,919		657	3.40
			Commercial real estate—income producing properties			10,705		179	3.38			10,338		181	3.54
			Commercial real estate—construction and development			2,750		45	3.32			2,511		45	3.60
		Direct retail lending (4)				8,320		168	4.06			8,503		179	4.26
		Sales finance				10,508		137	2.62			9,729		133	2.75
		Revolving credit				2,375		103	8.76			2,359		102	8.71
		Residential mortgage (4)				30,143		620	4.12			31,533		667	4.24
		Other lending subsidiaries				11,511		504	8.82			10,395		482	9.33
		Acquired from FDIC				1,105		83	15.28			1,806		159	17.74
			Total loans and leases held for investment			119,415		2,500	4.21			116,093		2,605	4.52
		Loans held for sale				1,735		31	3.53			1,354		30	4.33
			Total loans and leases			121,150		2,531	4.20			117,447		2,635	4.51
				Total earning assets		164,403		3,053	3.73			159,762		3,154	3.97
	Nonearning assets					23,767						24,007
	Total assets				$	188,170					$	183,769

Liabilities and Shareholders' Equity
	Interest-bearing deposits:
		Interest checking			$	20,787		8	0.08		$	18,510		6	0.07
		Money market and savings				52,754		45	0.17			48,866		33	0.14
		Time deposits				15,894		57	0.72			23,481		81	0.69
		Foreign office deposits - interest-bearing				664		―	0.09			795		―	0.07
			Total interest-bearing deposits			90,099		110	0.25			91,652		120	0.26
	Short-term borrowings					3,308		2	0.14			3,638		2	0.13
	Long-term debt					22,828		246	2.16			22,318		271	2.44
		Total interest-bearing liabilities				116,235		358	0.62			117,608		393	0.67
	Noninterest-bearing deposits					40,607						36,017
	Other liabilities					6,600						6,605
	Shareholders' equity					24,728						23,539
	Total liabilities and shareholders' equity				$	188,170					$	183,769

	Average interest-rate spread								3.11						3.30

	Net interest income/ net interest margin						$	2,695	3.30	%			$	2,761	3.47	%

	Taxable-equivalent adjustment						$	71					$	71

Applicable ratios are annualized.
(1)	Excludes basis adjustments for fair value hedges.
(2)	Yields are on a fully taxable-equivalent basis.
(3)	Excludes trading securities.
(4)	During the first quarter of 2014, $8.3 billion of loans were transferred from direct retail lending to residential mortgage.

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BB&T Corporation
Credit Quality
(Dollars in millions)

				As of
				June 30		March 31		Dec. 31		Sept. 30		June 30
				2015		2015		2014		2014		2014
Nonperforming assets (1)
	Nonaccrual loans and leases:
		Commercial:
			Commercial and industrial	$	198	$	230	$	239	$	259	$	298
			Commercial real estate—income producing properties		59		63		74		81		84
			Commercial real estate—construction and development		16		18		26		37		38
		Direct retail lending			41		47		48		50		49
		Sales finance			13		7		5		5		5
		Residential mortgage (2)			188		183		166		298		320
		Other lending subsidiaries			57		51		58		54		47
			Total nonaccrual loans and leases held for investment (2)		572		599		616		784		841
	Foreclosed real estate				86		90		87		75		56
	Foreclosed real estate-acquired from FDIC				47		53		56		56		56
	Other foreclosed property				24		23		23		24		19
			Total nonperforming assets (1)(2)	$	729	$	765	$	782	$	939	$	972
Performing troubled debt restructurings (TDRs) (3)
		Commercial:
			Commercial and industrial	$	75	$	54	$	64	$	90	$	86
			Commercial real estate—income producing properties		21		15		27		25		27
			Commercial real estate—construction and development		23		25		30		28		30
		Direct retail lending			81		84		84		89		91
		Sales finance			18		18		19		20		18
		Revolving credit			36		38		41		44		46
		Residential mortgage—nonguaranteed (4)			273		269		261		254		814
		Residential mortgage—government guaranteed			328		325		360		437		433
		Other lending subsidiaries			172		168		164		151		141
			Total performing TDRs (3)(4)	$	1,027	$	996	$	1,050	$	1,138	$	1,686
Loans 90 days or more past due and still accruing
		Direct retail lending		$	10	$	9	$	12	$	13	$	11
		Sales finance			4		3		5		5		3
		Revolving credit			9		10		9		10		8
		Residential mortgage—nonguaranteed			60		59		83		79		80
		Residential mortgage—government guaranteed (5)			154		157		238		232		254
		Acquired from FDIC			124		154		188		229		249
			Total loans 90 days past due and still accruing (5)	$	361	$	392	$	535	$	568	$	605
Loans 30-89 days past due
		Commercial:
			Commercial and industrial	$	16	$	20	$	23	$	19	$	21
			Commercial real estate—income producing properties		4		7		4		5		7
			Commercial real estate—construction and development		3		2		1		1		2
		Direct retail lending			41		40		41		40		41
		Sales finance			53		49		62		55		49
		Revolving credit			19		19		23		22		20
		Residential mortgage—nonguaranteed			362		356		392		424		513
		Residential mortgage—government guaranteed (6)			74		68		80		95		87
		Other lending subsidiaries			230		151		237		217		197
		Acquired from FDIC			31		47		33		41		84
			Total loans 30-89 days past due (6)	$	833	$	759	$	896	$	919	$	1,021
Excludes loans held for sale.
(1)	Loans acquired from the FDIC are considered to be performing due to the application of the accretion method.
(2)	During the fourth quarter of 2014, approximately $121 million of nonaccrual residential mortgage loans were sold.
(3)	Excludes TDRs that are nonperforming totaling $127 million, $127 million, $126 million, $207 million, and $192 million at June 30, 2015, March 31, 2015, December 31, 2014, September 30, 2014 and June 30, 2014, respectively. These amounts are included in total nonperforming assets.
(4)	During the third quarter of 2014, approximately $540 million of performing residential mortgage TDRs were sold.
(5)	Excludes government guaranteed GNMA mortgage loans that BB&T has the right but not the obligation to repurchase that are past due 90 days or more totaling $338 million, $361 million, $410 million, $395 million and $423 million at June 30, 2015, March 31, 2015, December 31, 2014, September 30, 2014 and June 30, 2014, respectively.
(6)	Excludes government guaranteed GNMA mortgage loans that BB&T has the right but not the obligation to repurchase that are past due 30-89 days totaling $3 million, $2 million, $2 million, $4 million and $3 million at June 30, 2015, March 31, 2015, December 31, 2014, September 30, 2014 and June 30, 2014, respectively.

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BB&T Corporation
Credit Quality
(Dollars in millions)

				As of/For the Quarter Ended
				June 30		March 31		Dec. 31		Sept. 30		June 30
				2015		2015		2014		2014		2014
Allowance for credit losses
	Beginning balance			$	1,532	$	1,534	$	1,567	$	1,675	$	1,722
	Provision for credit losses (excluding loans acquired from the FDIC)				97		105		84		46		83
	Provision (benefit) for loans acquired from the FDIC				―		(6)		(1)		(12)		(9)
	Charge-offs:
		Commercial:
			Commercial and industrial		(32)		(14)		(27)		(31)		(40)
			Commercial real estate—income producing properties		(4)		(9)		(4)		(8)		(11)
			Commercial real estate—construction and development		―		(2)		(2)		(2)		(3)
		Direct retail lending			(13)		(12)		(14)		(17)		(19)
		Sales finance			(5)		(6)		(7)		(5)		(4)
		Revolving credit			(19)		(18)		(18)		(17)		(18)
		Residential mortgage-nonguaranteed			(7)		(11)		(10)		(31)		(20)
		Residential mortgage-government guaranteed			(2)		―		―		(1)		(1)
		Other lending subsidiaries			(57)		(67)		(71)		(66)		(47)
		Acquired from FDIC			―		(1)		(14)		―		(4)
			Total charge-offs		(139)		(140)		(167)		(178)		(167)
	Recoveries:
		Commercial:
			Commercial and industrial		13		8		13		10		10
			Commercial real estate—income producing properties		1		2		7		2		3
			Commercial real estate—construction and development		2		4		4		2		10
		Direct retail lending			7		8		7		7		7
		Sales finance			2		3		2		2		2
		Revolving credit			5		5		5		4		5
		Residential mortgage-nonguaranteed			1		―		5		1		―
		Other lending subsidiaries			10		9		8		8		9
			Total recoveries		41		39		51		36		46
	Net charge-offs				(98)		(101)		(116)		(142)		(121)
	Other				4		―		―		―		―
	Ending balance			$	1,535	$	1,532	$	1,534	$	1,567	$	1,675
Allowance for credit losses
	Allowance for loan and lease losses (excluding loans acquired from the FDIC)			$	1,400	$	1,407	$	1,410	$	1,425	$	1,499
	Allowance for loans acquired from the FDIC				57		57		64		79		91
	Reserve for unfunded lending commitments				78		68		60		63		85
		Total		$	1,535	$	1,532	$	1,534	$	1,567	$	1,675

											As of/For the
											Six Months Ended
											June 30
											2015		2014
Allowance for credit losses
	Beginning balance									$	1,534	$	1,821
	Provision for credit losses (excluding loans acquired from the FDIC)										202		150
	Provision (benefit) for loans acquired from the FDIC										(6)		(16)
	Charge-offs:
		Commercial:
			Commercial and industrial								(46)		(73)
			Commercial real estate—income producing properties								(13)		(19)
			Commercial real estate—construction and development								(2)		(7)
		Direct retail lending (1)									(25)		(38)
		Sales finance									(11)		(11)
		Revolving credit									(37)		(36)
		Residential mortgage-nonguaranteed (1)									(18)		(41)
		Residential mortgage-government guaranteed									(2)		(1)
		Other lending subsidiaries									(124)		(132)
		Acquired from FDIC									(1)		(7)
			Total charge-offs								(279)		(365)
	Recoveries:
		Commercial:
			Commercial and industrial								21		19
			Commercial real estate—income producing properties								3		5
			Commercial real estate—construction and development								6		13
		Direct retail lending (1)									15		15
		Sales finance									5		5
		Revolving credit									10		10
		Residential mortgage-nonguaranteed (1)									1		1
		Other lending subsidiaries									19		17
			Total recoveries								80		85
	Net charge-offs										(199)		(280)
	Other										4		―
	Ending balance									$	1,535	$	1,675
(1)	During the first quarter of 2014, $8.3 billion of loans were transferred from direct retail lending to residential mortgage.

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BB&T Corporation
Credit Quality

			As of/For the Quarter Ended
			June 30		March 31		Dec. 31		Sept. 30		June 30
			2015		2015		2014		2014		2014
Asset Quality Ratios (including acquired from FDIC)
	Loans 30-89 days past due and still accruing as a
		percentage of loans and leases (1)	0.68	%	0.63	%	0.75	%	0.77	%	0.85	%
	Loans 90 days or more past due and still accruing
		as a percentage of loans and leases (1)	0.29		0.33		0.45		0.48		0.51
	Nonperforming loans and leases as a
		percentage of loans and leases	0.47		0.50		0.51		0.66		0.70
	Nonperforming assets as a percentage of:
		Total assets	0.38		0.40		0.42		0.50		0.52
		Loans and leases plus foreclosed property	0.60		0.64		0.65		0.79		0.81
	Net charge-offs as a percentage of average loans and leases		0.33		0.34		0.39		0.48		0.41
	Allowance for loan and lease losses as a percentage of
		loans and leases	1.19		1.22		1.23		1.27		1.33
	Ratio of allowance for loan and lease losses to:
		Net charge-offs	3.71	X	3.60	X	3.21	X	2.67	X	3.28	X
		Nonperforming loans and leases	2.55		2.45		2.39		1.92		1.89
Asset Quality Ratios (excluding acquired from FDIC) (2)
	Loans 90 days or more past due and still accruing
		as a percentage of loans and leases (1)	0.19	%	0.20	%	0.29	%	0.29	%	0.30	%

									As of/For the
									Six Months Ended
									June 30
									2015		2014
Asset Quality Ratios
	Including acquired from FDIC:
		Net charge-offs as a percentage of average loans and leases							0.33	%	0.49	%
		Ratio of allowance for loan and lease losses to net charge-offs							3.65	X	2.81	X
Applicable ratios are annualized. Loans and leases exclude loans held for sale.
(1)	Excludes government guaranteed GNMA mortgage loans that BB&T has the right but not the obligation to repurchase. Refer to the footnotes in the Credit Quality section of this supplement for amounts related to these loans. The prior quarters have been revised to include government guaranteed mortgage loans consistent with the current presentation.
(2)	These asset quality ratios have been adjusted to remove the impact of assets acquired from the FDIC. Appropriate adjustments to the numerator and denominator have been reflected in the calculation of these ratios. Management believes the inclusion of assets acquired from the FDIC in certain asset quality ratios results in distortion of these ratios and they may not be comparable to other periods presented or to other portfolios that were not impacted by loss share accounting.

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BB&T Corporation
Credit Quality - Supplemental Information
(Dollars in millions)

			As of June 30, 2015
										Past Due 30-89						Past Due 90+
			Current Status							Days						Days								Total
Performing TDRs: (1)
	Commercial:
		Commercial and industrial	$	75		100.0		%		$	―		―		%	$		―		―		%		$	75
		Commercial real estate—income producing properties		21		100.0					―		―					―		―					21
		Commercial real estate—construction and development		23		100.0					―		―					―		―					23
	Direct retail lending			77		95.1					3		3.7					1		1.2					81
	Sales finance			17		94.4					1		5.6					―		―					18
	Revolving credit			31		86.1					4		11.1					1		2.8					36
	Residential mortgage—nonguaranteed			225		82.4					42		15.4					6		2.2					273
	Residential mortgage—government guaranteed			177		54.0					60		18.3					91		27.7					328
	Other lending subsidiaries			144		83.7					28		16.3					―		―					172
		Total performing TDRs		790		76.9					138		13.4					99		9.7					1,027
Nonperforming TDRs (2)				53		41.7					10		7.9					64		50.4					127
		Total TDRs	$	843		73.1				$	148		12.8			$		163		14.1				$	1,154

					Quarter Ended
					June 30				March 31					Dec. 31					Sept. 30				June 30
					2015				2015					2014					2014				2014
Net charge-offs as a percentage of average loans and leases:
	Commercial:
		Commercial and industrial			0.18		%		0.06			%		0.13			%		0.20		%		0.30			%
		Commercial real estate—income producing properties			0.11				0.28					(0.13)					0.24				0.34
		Commercial real estate—construction and development			(0.20)				(0.36)					(0.18)					(0.07)				(0.96)
	Direct retail lending				0.29				0.18					0.36					0.49				0.61
	Sales finance				0.10				0.12					0.19					0.12				0.09
	Revolving credit				2.24				2.32					2.27					1.94				2.28
	Residential mortgage				0.12				0.15					0.06					0.39				0.24
	Other lending subsidiaries				1.60				2.07					2.20					2.08				1.43
	Acquired from FDIC				-				0.10					4.19					0.13				0.92
		Total loans and leases			0.33				0.34					0.39					0.48				0.41


																			Year-to-date
																			June 30				June 30
																			2015				2014
Net charge-offs as a percentage of average loans and leases:
	Commercial:
		Commercial and industrial																	0.12		%		0.28			%
		Commercial real estate—income producing properties																	0.19				0.28
		Commercial real estate—construction and development																	(0.28)				(0.45)
	Direct retail lending																		0.24				0.54
	Sales finance																		0.11				0.13
	Revolving credit																		2.28				2.29
	Residential mortgage																		0.13				0.26
	Other lending subsidiaries																		1.83				2.22
	Acquired from FDIC																		0.05				0.79
		Total loans and leases																	0.33				0.49
Applicable ratios are annualized.
(1)	Past due performing TDRs are included in past due disclosures.
(2)	Nonperforming TDRs are included in nonaccrual loan disclosures.

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BB&T Corporation
Preliminary Capital Information - Five Quarter Trend
(Dollars in millions, except per share data, shares in thousands)



				As of / Quarter Ended
			June 30			March 31			Dec. 31			Sept. 30			June 30
			2015			2015			2014			2014			2014
Selected Capital Information
	Risk-based capital:		Basel III						Basel I
		Common equity tier 1	$	16,031		$	15,755			N/A			N/A			N/A
		Tier 1		18,633			18,320		$	17,840		$	17,402		$	16,984
		Total		21,905			21,654			21,381			21,281			20,270
	Risk-weighted assets (1)			153,512			150,092			143,675			140,499			140,829
	Average quarterly tangible assets			182,444			180,790			179,785			179,268			177,983
	Risk-based capital ratios:
		Common equity tier 1		10.4	%		10.5	%		N/A			N/A			N/A
		Tier 1		12.1			12.2			12.4	%		12.4	%		12.1	%
		Total		14.3			14.4			14.9			15.1			14.4
	Leverage capital ratio			10.2			10.1			9.9			9.7			9.5
	Equity as a percentage of total assets			13.2			13.1			13.0			13.0			12.7
	Common equity per common share		$	30.64		$	30.48		$	30.09		$	29.98		$	29.52

Selected non-GAAP Capital Information (2)
	Tangible common equity as a percentage of tangible assets			8.1	%		8.0	%		8.0	%		7.9	%		7.7	%

	Tangible common equity per common share		$	20.21		$	20.13		$	19.86		$	19.71		$	19.21


Calculations of tangible common equity, tangible assets and related measures: (2)

Total shareholders' equity			$	25,132		$	24,738		$	24,377		$	24,271		$	23,931
Less:
	Preferred stock			2,603			2,603			2,603			2,603			2,603
	Noncontrolling interests			52			96			88			76			85
	Intangible assets			7,655			7,480			7,374			7,396			7,420
Tangible common equity			$	14,822		$	14,559		$	14,312		$	14,196		$	13,823

Total assets			$	191,017		$	189,228		$	186,834		$	187,045		$	188,043
Less:
	Intangible assets			7,655			7,480			7,374			7,396			7,420
Tangible assets			$	183,362		$	181,748		$	179,460		$	179,649		$	180,623

Tangible common equity as a percentage of tangible assets				8.1	%		8.0	%		8.0	%		7.9	%		7.7	%

Tangible common equity			$	14,822		$	14,559		$	14,312		$	14,196		$	13,823

Outstanding shares at end of period (in thousands)				733,481			723,159			720,698			720,298			719,584

Tangible common equity per common share			$	20.21		$	20.13		$	19.86		$	19.71		$	19.21
(1)	Risk-based capital, risk-weighted assets, leverage capital and related ratios for the first quarter of 2015 and later are determined in accordance with the Basel III Standardized Transitional Approach, which became effective January 1, 2015. Amounts and ratios for earlier periods were determined in accordance with Basel I.
(2)	Tangible common equity and related ratios are non-GAAP measures. BB&T's management uses these measures to assess the quality of capital and believes that investors may find them useful in their analysis of the Corporation. These capital measures are not necessarily comparable to similar capital measures that may be presented by other companies.

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BB&T Corporation
Selected Items & Additional Information
(Dollars in millions, except per share data)

													Favorable (Unfavorable)
Selected Items													Pre-Tax			After-Tax

Second Quarter 2015
	Gain on sale of American Coastal, excluding goodwill												$	23		$	15
	Allocation of non-deductible goodwill to American Coastal													(49)			(49)
		Net loss on sale of American Coastal		Other income										(26)			(34)

	Loss on early extinguishment of debt			Debt extinguishment charges										(172)			(107)
	Income tax adjustment			Provision for income taxes										N/A			107

First Quarter 2015
	None

Fourth Quarter 2014
	Mortgage reserve adjustments			Loan-related expense										(27)			(17)
	Franchise tax adjustment			Other expense										15			9
	Allowance release related to loan sale			Provision for credit losses										24			15

Third Quarter 2014
	Loss on early extinguishment of debt			Debt extinguishment charges										(122)			(76)
	Allowance release related to loan sale			Provision for credit losses										42			26
	Income tax adjustment			Provision for income taxes										N/A			50

Second Quarter 2014
	FHA-insured mortgage loan reserve adjustment			Other expense										(85)			(53)
	Mortgage loan indemnification reserve adjustment			Loan-related expense										(33)			(21)
	Income tax adjustment			Provision for income taxes										N/A			(14)

First Quarter 2014
	Reallocation of partnership profit rights			Noncontrolling interests										N/A			(16)


				As of / Quarter Ended
				June 30			March 31			Dec. 31			Sept. 30			June 30
				2015			2015			2014			2014			2014

Selected Mortgage Banking Information
	Income statement impact of mortgage servicing rights valuation:
		MSRs fair value increase (decrease)		$	142		$	(71)		$	(105)		$	(20)		$	(56)
		MSRs hedge gains (losses)			(119)			81			123			23			60
			Net	$	23		$	10		$	18		$	3		$	4

	Residential mortgage loan originations			$	5,498		$	4,035		$	3,888		$	4,999		$	4,710

	Residential mortgage servicing portfolio (1):
		Loans serviced for others			89,860			89,192			90,230			89,936			88,595
		Bank-owned loans serviced			31,302			31,887			32,027			33,490			34,154
			Total servicing portfolio		121,162			121,079			122,257			123,426			122,749

	Weighted-average coupon rate				4.15	%		4.18	%		4.20	%		4.21	%		4.23	%
	Weighted-average servicing fee				0.289			0.291			0.292			0.293			0.295

Selected Miscellaneous Information
	Derivatives notional amount			$	76,205		$	77,592		$	72,321		$	63,467		$	61,504
	Fair value of derivatives, net				177			185			109			56			55
	Accumulated other comprehensive income related to securities,
		net of tax (2)			(148)			8			(99)			(220)			(179)

	Common stock prices:
		High			41.70			40.17			39.69			40.21			40.95
		Low			37.33			34.95			34.50			35.86			36.38
		End of period			40.31			38.99			38.89			37.21			39.43

	Banking offices				1,903			1,875			1,839			1,842			1,844
	ATMs				3,077			3,026			2,977			2,980			2,992
	FTEs (3)				32,598			32,109			32,265			32,866			33,637

Impact of Retrospective Adoption of New Accounting Guidance for Affordable Housing Investments
	Increase to other income				N/A			N/A		$	35		$	30		$	42
	Increase to provision for income taxes				N/A			N/A			41			38			43
		Increase (decrease) to net income			N/A			N/A			(6)			(8)			(1)

	Cumulative impact to retained earnings				N/A			N/A			(49)			(43)			(35)

(1)	Amounts reported are unpaid principal balance.
(2)	Includes the impact of the FDIC loss sharing agreements on the acquired securities.
(3)	Represents a quarterly average.

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BB&T Corporation
Non-GAAP Reconciliations
(Dollars in millions, except per share data, shares in thousands)

			Quarter Ended
			June 30			March 31			Dec. 31			Sept. 30					June 30
Efficiency and Fee Income Ratios (1)			2015			2015			2014			2014					2014
Efficiency ratio - GAAP			69.8	%		60.7	%		58.3	%		66.0		%			65.6		%
	Effect of securities gains (losses), net		―			―			―			(0.1)					―
	Effect of merger-related and restructuring charges, net		(1.1)			(0.5)			(0.7)			(0.3)					(0.6)
	Effect of mortgage loan indemnification reserves		―			―			―			―					(1.4)
	Effect of loss on sale of American Coastal		(0.8)			―			―			―					―
	Effect of mortgage reserve adjustments		―			―			(1.1)			―					―
	Effect of loss on early extinguishment of debt		(7.1)			―			―			(5.1)					―
	Effect of franchise tax adjustment		―			―			0.6			―					―
	Effect of FDIC loss share accounting		(0.1)			(0.1)			(0.1)			(0.3)					(0.2)
	Effect of foreclosed property expense		(0.6)			(0.6)			(0.4)			(0.5)					(0.4)
	Effect of FHA-insured mortgage loan reserve adjustment		―			―			―			―					(3.6)
	Effect of amortization of intangibles		(0.9)			(1.0)			(1.0)			(1.0)					(1.0)
Efficiency ratio - reported			59.2			58.5			55.6			58.7					58.4
Fee income ratio - GAAP			43.0	%		42.5	%		42.7	%		40.7		%			41.0		%
	Effect of securities gains (losses), net		―			―			―			0.1					―
	Effect of loss on sale of American Coastal		0.6			―			―			―					―
	Effect of FDIC loss share accounting		2.7			3.3			3.5			3.5					3.7
Fee income ratio - reported			46.3			45.8			46.2			44.3					44.7

												Year-to-Date June 30
												2015					2014
Efficiency ratio - GAAP												65.3		%			62.8		%
	Effect of merger-related and restructuring charges, net											(0.8)					(0.4)
	Effect of mortgage loan indemnification reserves											―					(0.7)
	Effect of loss on sale of American Coastal											(0.4)					―
	Effect of loss on early extinguishment of debt											(3.6)					―
	Effect of FDIC loss share accounting											(0.1)					(0.2)
	Effect of foreclosed property expense											(0.6)					(0.4)
	Effect of FHA-insured mortgage loan reserve adjustment											―					(1.8)
	Effect of amortization of intangibles											(0.9)					(1.0)
Efficiency ratio - reported												58.9					58.3
Fee income ratio - GAAP												42.8		%			40.6		%
	Effect of loss on sale of American Coastal											0.3					―
	Effect of FDIC loss share accounting											3.0					3.6
Fee income ratio - reported												46.1					44.2
			Quarter Ended
		June 30			March 31			Dec. 31			Sept. 30					June 30
Return on Average Tangible Common Shareholders' Equity (2)		2015			2015			2014			2014					2014
Net income available to common shareholders		$	454		$	488		$	551		$		512			$		424
Plus: Amortization of intangibles, net of tax			14			13			14				14					15
Tangible net income available to common shareholders		$	468		$	501		$	565		$		526			$		439

Average common shareholders' equity		$	22,210		$	21,883		$	21,895		$		21,471			$		21,159
Less: Average intangible assets			7,496			7,366			7,385				7,409					7,378
Average tangible common shareholders' equity		$	14,714		$	14,517		$	14,510		$		14,062			$		13,781
Return on average tangible common shareholders' equity			12.76	%		14.00	%		15.45	%			14.83		%			12.77		%


											Year-to-Date June 30,
											2015					2014

Net income available to common shareholders											$		942			$		920
Plus:
	Amortization of intangibles, net of tax												27					29
Tangible net income available to common shareholders											$		969			$		949

Average common shareholders' equity											$		22,047			$		20,871
Less:
	Average intangible assets												7,431					7,379
Average tangible common shareholders' equity											$		14,616			$		13,492

Return on average tangible common shareholders' equity													13.37		%			14.18		%
(1)	BB&T's management uses these measures in their analysis of the Corporation's performance and believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods, as well as demonstrating the effects of significant gains and charges.
(2)	BB&T's management believes investors use this measure to evaluate the return on average common shareholders' equity without the impact of intangible assets and their related amortization.

Exhibit 99.3

Forward - Looking Information This presentation contains “forward - looking statements” within the meaning of the Private Securities Litigation Reform Act of 19 95, regarding the financial condition, results of operations, business plans and the future performance of BB&T that are based on the beliefs and assumptions of the management of BB&T and the information available to management at the time th at these disclosures were prepared. Words such as “anticipates,” “believes,” “estimates,” “expects,” “forecasts,” “intends,” “plans,” “projects,” “may,” “will,” “should,” “could,” and other similar expressions are intended to identify thes e f orward - looking statements. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. Such factors include, but are not limited to, the following:  general economic or business conditions, either nationally or regionally, may be less favorable than expected, resulting in, amo ng other things, a deterioration in credit quality and/or a reduced demand for credit, insurance or other services;  disruptions to the credit and financial markets, either nationally or globally, including the impact of a downgrade of U.S. g ove rnment obligations by one of the credit ratings agencies and the adverse effects of recessionary conditions in Europe;  changes in the interest rate environment and cash flow reassessments may reduce NIM and/or the volumes and values of loans ma de or held as well as the value of other financial assets held;  competitive pressures among depository and other financial institutions may increase significantly;  legislative, regulatory or accounting changes, including changes resulting from the adoption and implementation of the Dodd - Fran k Act may adversely affect the businesses in which BB&T is engaged;  local, state or federal taxing authorities may take tax positions that are adverse to BB&T;  a reduction may occur in BB&T’s credit ratings;  adverse changes may occur in the securities markets;  competitors of BB&T may have greater financial resources and develop products that enable them to compete more successfully t han BB&T and may be subject to different regulatory standards than BB&T;  natural or other disasters could have an adverse effect on BB&T in that such events could materially disrupt BB&T’s operation s o r the ability or willingness of BB&T’s customers to access the financial services BB&T offers;  costs or difficulties related to the integration of the businesses of BB&T and its merger partners may be greater than expect ed;  expected cost savings or revenue growth associated with completed mergers and acquisitions may not be fully realized or reali zed within the expected time frames;  significant litigation could have a material adverse effect on BB&T;  deposit attrition, customer loss and/or revenue loss following completed mergers and acquisitions may be greater than expecte d ;  cyber - security risks, including “denial of service,” “hacking” and “identity theft,” could adversely affect our business and fin ancial performance, or our reputation; and,  failure to implement part or all of the Company’s new ERP system could result in impairment charges that adversely impact BB& T’s financial condition and results of operations and could result in significant additional costs to BB&T  f ailure to execute on the Company’s strategic or operational plans, including the ability to successfully complete and/or inte gra te mergers and acquisitions, could adversely impact BB&T’s financial condition and results of operations. Readers are cautioned not to place undue reliance on these forward - looking statements, which speak only as of the date of this r eport. Actual results may differ materially from those expressed in or implied by any forward - looking statement. Except to the extent required by applicable law or regulation, BB&T undertakes no obligation to revise or update publicly any forwar d - l ooking statements for any reason. Non - GAAP Information This presentation contains financial information and performance measures determined by methods other than in accordance with ac counting principles generally accepted in the United States of America (“GAAP”). BB&T’s management uses these “non - GAAP” measures in their analysis of the Corporation’s performance and the efficiency of its operations. Management believes that these non - GAAP measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods as well as demonstrating the effects of significant gains and charges in the current period. The c omp any believes that a meaningful analysis of its financial performance requires an understanding of the factors underlying that performance. BB&T’s management believes that investors may use these non - GAAP financial measures to analyze financial performanc e without the impact of unusual items that may obscure trends in the company’s underlying performance. These disclosures should not be viewed as a substitute for financial measures determined in accordance with GAAP, nor are they nece ssa rily comparable to non - GAAP performance measures that may be presented by other companies. Below is a listing of the types of non - GAAP measures used in this presentation:  Tangible common equity and related ratios are non - GAAP measures. The return on average risk - weighted assets is a non - GAAP measure . BB&T's management uses these measures to assess the quality of capital and believes that investors may find them useful in their analysis of the Corporation .  The ratio of loans greater than 90 days and still accruing interest as a percentage of loans held for investment has been adj ust ed to remove the impact of loans that are or were covered by FDIC loss sharing agreements. Management believes that their inclusion may result in distortion of these ratios such that they might not be comparable to o the r periods presented or to other portfolios that were not impacted by purchase accounting.  Fee income and efficiency ratios are non - GAAP in that they exclude securities gains (losses), foreclosed property expense, amortizat ion of intangible assets, merger - related and restructuring charges, the impact of FDIC loss share accounting and other selected items. BB&T’s management uses these measures in their analysis of the Corporation’s perfo rma nce. BB&T’s management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods, as well as demonstrating the effects of significa nt gains and charges.  Return on average tangible common shareholders’ equity is a non - GAAP measure that calculates the return on average common shareholders’ equity without the impact of intangible assets and their related amortization . This measure is useful for evaluating the performance of a business consistently, whether acquired or developed internally.  Core net interest margin is a non - GAAP measure that adjusts net interest margin to exclude the impact of interest income and fun ding costs associated with loans and securities acquired in the Colonial acquisition. BB&T’s management believes that the exclusion of the generally higher yielding assets acquired in the Colonial acquisition from the cal culation of net interest margin provides investors with useful information related to the relative performance of the remainder of BB&T’s earning assets .  The adjusted ratio of net charge - offs to average loans is a non - GAAP measure that adjusts net charge - offs to exclude the impact of net charge - offs associated with certain loan sales during the quarter ended September 30, 2014. BB&T’s management believes this adjustment increases comparability of period - to - period results and believes that investors may f ind it useful in their analysis of the Corporation.  The effective tax rate for the quarter ended June 30, 2015 has been adjusted to exclude the impact of certain adjustments. B B&T ’s management believes this adjustment increases comparability of period - to - period results and uses this measure to assess performance and believes investors may find it useful in their analysis of the Corporation. A reconciliation of these non - GAAP measures to the most directly comparable GAAP measure is included in BB&T’s Second Quarter 2015 Quarterly Performance Summary, which is available on BB&T’s website at www.bbt.com.

3 3 2015 Second Quarter Performance Highlights 1 ▪ Net income totaled $454 million 2 in 2Q15 ▪ Diluted EPS totaled $0.62; or $0.69 excluding the non - cash loss on American Coastal and merger - related charges ▪ Fee income ratio improved to 46.3% vs. 45.8% in 1Q15 Earnings Loans ▪ Average loans grew 3.9% vs. 1Q15; or 7.8% excluding residential mortgage ▪ Growth led by C&I, Direct Retail, Sheffield and Regional Acceptance Strategic Highlights 1 Linked quarter growth rates are annualized, except credit metrics 2 Available to common shareholders Note: Effective 1/1/15, BB&T retrospectively adopted new accounting guidance for Qualified Affordable Housing investments. Pr ior period information has been revised to conform to the current presentation ▪ Completed sale of American Coastal and significantly increased ownership in AmRisc ▪ Successfully closed and converted The Bank of Kentucky acquisition ▪ Received approval for Susquehanna acquisition with a planned August 1 st close; conversion expected in 4Q15 Revenues ▪ Revenues totaled $2.4 billion, up $23 million or 3.9% annualized compared to 1Q15 ▪ Revenues increased 1.3% vs. 2Q14  Driven by strength in mortgage banking and investment banking

4 4 Pre - Tax After Tax Diluted EPS Impact Non - cash loss on sale of American Coastal 1 $ (26) $ (34) $ (0.05) Merger - related and restructuring charges $ (25) $ (16) $ (0.02) Loss on early extinguishment of debt $ (172) $ (107) $ (0.15) Income tax adjustment N/A $ 107 $ 0.15 Selected Items Affecting Earnings ($ in millions, except per share impact) 1 As a result of the allocation of $49 million of non - deductible goodwill, the sale generated income tax expense of $8 million

5 5 Seasonally Stronger Loan Growth 1 ▪ Excluding Residential mortgage, loans grew 7.8% annualized ▪ Experienced robust loan growth vs. 1Q15 in several categories:  Sheffield, up 31.4% annualized  Direct Retail, up 12.6% annualized  C&I, up 10.6% annualized  Regional Acceptance, up 5.2% annualized ▪ Residential mortgage balances declined due to management’s continuing strategy to sell all conforming loan production 1 Excludes loans held for sale 2 Other l ending s ubsidiaries consist of AFCO/CAFO/Prime Rate, BB&T Equipment Finance, Grandbridge Real Estate Capital, Sheffield Financial and Regional Acceptance $117.1 $118.6 $118.3 $118.8 $120.0 $112.0 $114.0 $116.0 $118.0 $120.0 $122.0 2Q14 3Q14 4Q14 1Q15 2Q15 Average Loans Held for Investment ($ in billions) C&I $ 42,541 $ 1,093 10.6% CRE – income producing properties 10,730 50 1.9 CRE – construction & development 2,767 33 4.8 Direct retail 8,449 258 12.6 Sales finance 10,517 19 0.7 Revolving credit 2,365 (20) (3.4) Residential mortgage 29,862 (565) (7.4) Other lending subsidiaries 2 11,701 383 13.6 Subtotal $ 118,932 $ 1,251 4.3% Acquired from FDIC 1,055 (101) (35.0) Total $ 119,987 $ 1,150 3.9% 2 Q15 Average Balance 2 Q15 v. 1Q15 $ Increase (Decrease) 2Q15 v. 1Q15 Annualized % Increase (Decrease) Average Loans Held for Investment ($ in millions) ▪ Management expects organic loan growth of 3% - 5% (6% - 8% excluding mortgage) on an annualized linked quarter basis in 3Q15 ▪ Acquisitions are expected to increase BB&T’s end of period loan balances to approximately $ 135 billion at 3Q15 and securities are expected to be approximately $43 billion ▪ 4Q15 loan growth expected to be seasonally slower

6 6 Improved Deposit Mix and Cost $129.6 $130.6 $130.3 $129.5 $131.9 0.26% 0.26% 0.25% 0.25% 0.24% 0.20% 0.25% 0.30% 0.35% 0.40% $100.0 $110.0 $120.0 $130.0 $140.0 2Q14 3Q14 4Q14 1Q15 2Q15 Total Interest-Bearing Deposit Cost ▪ Overall noninterest - bearing DDA growth vs. 1Q15 was 18.2% annualized  Excluding acquisitions, average noninterest - bearing deposits increased 13.7% ▪ Personal, business and public funds DDA growth totaled 12.8%, 15.3% and 8.8% respectively vs. 2 Q14 ▪ Average noninterest - bearing deposit mix was 31.5% in 2Q15 vs. 28.3% in 2Q14 ▪ Cost of interest - bearing deposits was 0.24% in 2Q15 vs. 0.26% in 2Q14 Average Total Deposits ($ in billions) $36.6 $38.1 $39.1 $39.7 $41.5 $31.0 $34.0 $37.0 $40.0 $43.0 2Q14 3Q14 4Q14 1Q15 2Q15 Average Noninterest - Bearing Deposits ($ in billions) Noninterest - bearing deposits $ 41,502 $ 1,801 18.2% Interest checking 20,950 327 6.4 Money market & savings 53,852 2,208 17.1 Subtotal $ 116,304 $ 4,336 15.5% Time deposits 14,800 (2,200) (51.9) Foreign office deposits – Interest - bearing 764 201 143.2 Total deposits $ 131,868 $ 2,337 7.2% 2Q15 Average Balance 2Q15 v. 1Q15 $ Increase (Decrease) 2 Q15 v. 1Q15 Annualized % Increase (Decrease) Average Deposits ($ in millions)

7 7 Credit Quality Remains Excellent 1 ▪ NPAs declined 4.7% vs. 1Q15 ▪ Loans 90 days or more declined 7.9% vs. 1Q15 ▪ Loans 30 - 89 days or more increased 9.7% vs. 1Q15, primarily due to seasonality in our specialized lending businesses ▪ Including acquisitions, management expects 3Q15 net charge - offs to be in the range of 35 - 45 bps, reflecting normal retail seasonality ▪ Management expects NPA levels to remain stable for the foreseeable future 0.52% 0.50% 0.42% 0.40% 0.38% 0.00% 0.20% 0.40% 0.60% 0.80% 2Q14 3Q14 4Q14 1Q15 2Q15 Total Nonperforming Assets as a Percentage of Total Assets Annualized Net Charge - offs / Average Loans 1 Includes acquired from FDIC; excludes loans held for sale 2 Excludes $15 million of net charge - offs related to sale of loans consisting primarily of TDRs 0.41% 0.34% 0.48% 0.43% 2 0.33% 0.39% 0.00% 0.20% 0.40% 0.60% 0.80% 2Q14 3Q14 4Q14 1Q15 2Q15 Core Charge-offs Other Charge-offs

8 8 Allowance Coverage Ratios Remain Strong 3.28x 2.67x 3.21x 3.60x 3.71x 1.89x 1.92x 2.39x 2.45x 2.55x 0.00 1.00 2.00 3.00 4.00 5.00 2Q14 3Q14 4Q14 1Q15 2Q15 ALLL to Net Charge-offs ALLL to NPLs HFI ▪ Coverage ratios remain strong at 3.71x and 2.55x for the allowance to net charge - offs and NPLs, respectively ▪ Allowance includes total impact from the recent SNC review ▪ Including acquisitions, 3Q15 provision for credit losses is expected to increase $15 million - $ 30 million depending on actual losses and portfolio growth; the 4Q15 provision is expected to be $25 million - $40 million greater than 2Q15 depending on actual losses and portfolio growth ALLL Coverage Ratios

9 9 Net Interest Margin Declines 3.43% 3.38% 3.36% 3.33% 3.27% 3.22% 3.20% 3.20% 3.18% 3.16% 2.50% 3.00% 3.50% 4.00% 2Q14 3Q14 4Q14 1Q15 2Q15 Reported NIM Core NIM ▪ 2 Q15 NIM declined 6 bps vs. 1Q15 as a result of:  Runoff of assets acquired from the FDIC (4 bps)  Lower yields on new loans and other earning assets, offset by lower liability costs (2 bps) ▪ Including acquisitions, management expects core NIM to remain relatively stable in 3Q15 ▪ Including acquisitions, management expects GAAP margin to:  Increase approximately 4 - 6 bps in 3Q15 and an additional 4 - 6 bps in 4Q15  Resulting NIM expected to be in the mid 3.30s by year - end ▪ Maintain slight asset sensitivity due to balance sheet positioning Net Interest Margin 1 - 0.18% 0.99% 1.90% 2.55% 0.18% 0.81% 1.60% 2.23% -0.20% 0.80% 1.80% 2.80% Down 25 Up 50 Up 100 Up 200 Sensitivities as of 03/31/15 Sensitivities as of 06/30/2015 Rate Sensitivities 1 Excludes assets acquired from the FDIC. See non - GAAP reconciliations included in the attached Appendix

10 10 Strong Fee Income ▪ Insurance income declined $18 million vs. 1Q15 largely due to seasonality in employee benefits ($34 million) and the sale of American Coastal ($11 million) ▪ Mortgage banking income increased $20 million vs. 1Q15 primarily reflecting higher net mortgage servicing rights income and higher commercial mortgage fee income due to increased volumes ▪ Investment banking and brokerage fees and commissions increased $14 million vs. 1Q15 driven by increased capital markets activity ▪ Other income decreased $25 million vs. 1Q15 primarily due to the non - cash loss on the sale of American Coastal 44.7% 44.3% 46.2% 45.8% 46.3% 40.0% 45.0% 50.0% 2Q14 3Q14 4Q14 1Q15 2Q15 Fee Income Ratio 1,3 2Q15 2Q15 v. 1Q15 2 Increase (Decrease) 2Q15 v. 2Q14 Increase (Decrease) Insurance income $ 422 (16.4) % - % Service charges on deposits 154 24.9 (2.5) Mortgage banking income 130 72.9 51.2 Investment banking and brokerage fees and commissions 108 59.7 17.4 Bankcard fees and merchant discounts 55 40.1 1.9 Trust and investment advisory revenues 57 7.2 3.6 Checkcard fees 43 41.1 2.4 Operating lease income 30 13.8 50.0 Income from bank - owned life insurance 27 (40.1) 8.0 FDIC loss share income, net (64) (76.2) (27.3) Securities gains (losses), net (1) NM NM Other income 3 58 (120.8) (37.0) Total noninterest income $ 1,019 8.9 % 6.4 % Noninterest Income ($ in millions) 1 Excludes securities gains (losses), the impact of FDIC loss share accounting and other selected items. See non - GAAP reconciliations incl uded in the attached Appendix 2 Linked quarter percentages are annualized 3 Effective 1/1/15, BB&T retrospectively adopted new accounting guidance for Qualified Affordable Housing investments. Prior period infor mat ion has been revised to conform to the current presentation ▪ Including acquisitions, management expects noninterest income to be flat to down 2% in 3Q15 and increase 3% - 5% vs. 2Q15 in 4Q15

11 11 Noninterest Expense Reflects Acquisitions, Merit Increase 2Q15 2Q15 v. 1Q15 2 Increase (Decrease) 2Q15 v. 2Q14 Increase (Decrease) Personnel expense $ 864 16.4 % 6.8 % Occupancy and equipment expense 166 (2.4) (1.2) Loan - related expense 37 (10.6) (53.8) Software expense 46 18.2 9.5 Professional services 35 183.8 2.9 Outside IT services 29 (13.4) (6.5) Regulatory charges 25 34.9 (16.7) Amortization of intangibles 23 38.2 0.0 Foreclosed property expense 14 30.9 40.0 Merger - related and restructuring charges, net 25 NM 92.3 Loss on early extinguishment 172 NM NM Other expense 217 (3.7) (26.2) Total noninterest expense $ 1,653 65.2 % 7.8 % Noninterest Expense ($ in millions) 1 Excludes certain items as detailed in non - GAAP reconciliation section 2 Linked quarter percentages are annualized 3 Effective 1/1/15, BB&T retrospectively adopted new accounting guidance for Qualified Affordable Housing investments. Prior period infor mat ion has been revised to conform to the current presentation 58.4% 58.7% 55.6% 58.5% 59.2% 50.0% 55.0% 60.0% 65.0% 2Q14 3Q14 4Q14 1Q15 2Q15 Efficiency Ratio 1,3 ▪ Excluding the loss on early extinguishment of debt and merger - related charges, noninterest expenses increased $47 million, consistent with our guidance ▪ Personnel expense increased $34 million primarily due to higher production - related incentives, an increase in FTEs primarily due to acquisitions, annual merit increases, and higher equity - based compensation due to retirement eligibility ▪ 2Q15 effective tax rate was 13.8%; excluding the income - tax adjustment related to STARS, the effective tax rate was 32.2%; expect effective tax rate for 3Q15 and 4Q15 to be approximately 30% ▪ The acquisition of Texas branches and The Bank of Kentucky increased noninterest expense by approximately $9 million vs. 1Q15 ▪ Excluding the loss on debt restructuring and merger - related charges, management expects 3Q15 expenses to increase 3% - 5 % and 4Q15 expenses to increase 6% - 8% vs. 2Q15 including acquisitions ▪ Merger - related charges are expected to total $60 million - $80 million for both 3Q15 and 4Q15

12 12 Capital and Liquidity Strength 10.2% 10.5% 10.6% 10.5% 10.4% 9.0% 10.0% 11.0% 2Q14 3Q14 4Q14 1Q15 2Q15 ▪ BB&T’s 2Q15 LCR was 118% vs. the minimum requirement of 90% by January 1, 2016 ▪ BB&T’s 2Q15 liquid asset buffer was 13.3% (high quality liquid assets as a percentage of total assets) ▪ The Bank of Kentucky and AmRisc/American Coastal transactions used approximately 0.2% in Common Equity Tier 1 capital ▪ The fully phased - in Common Equity Tier 1 ratio was 10.2% 1 C urrent quarter regulatory capital information is preliminary. Risk - weighted assets are determined based on regulatory capital requirements in effect for the period presented. The ratio for periods prior to 2015 is the Tier 1 common equity ratio, which was based on the definition used for the SCAP assessment. This ratio was a non - GA AP measure. BB&T's management used this measure to assess the quality of capital and believes that investors found the measure useful in their analysis of the Corporation. This capital measure was not necessarily comparable to similar capital measures that may be presented by other companies. Management believes this measure was fairly comparable to Common Equity Tier 1 capital, which is required under Basel III . 2 Under Transitional Approach Common Equity Tier 1 1 Basel I Basel III 2

13 13 ($ in millions) Inc/(Dec) vs 1Q15 Inc/(Dec) vs 2Q14 2Q15 Comments 3 Net Interest Income Noninterest Income 1 Provision for Credit Losses Noninterest Expense 2 Income Tax Expense Segment Net Income Highlighted Metrics $ 736 329 11 685 135 $ 234 $ 26 28 (2) 17 15 $ 24 $ 8 - (24) 8 9 $ 15 ($ in billions) 1 Noninterest Income includes intersegment net referral fees 2 Noninterest Expense includes amortization of intangibles and allocated corporate expense 3 Linked quarter growth rates annualized except for production 2Q15 Like CRE - Construction & Development Direct Retail Lending Noninterest Bearing Deposits Total Deposits 7.7% 10.5% 13.3% 6.2% Link 3 5.8% 13.0% 15.6% 9.6% Change Community Banking Segment ▪ Commercial production increased $326 million, or 10.4%, compared to 1Q15 ▪ Direct Retail production increased $ 300 million, or 34.6%, compared to 1Q15  Driven by Home Equity Lines of Credit ▪ Revolving credit production increased $70 million, or 21.8%, compared to 1Q15 ▪ Referral fee growth increased $31 million, or 90.9%, compared to 1Q15  Concentrated in Mortgage and Equipment Finance ▪ Successfully completed The Bank of Kentucky acquisition on June 19 th  Conversion occurred over the weekend and branches opened as BB&T on June 22 nd ▪ Acquisition and conversion efforts are continuing for Susquehanna close on August 1 and conversion in the 4th quarter Serves individual and business clients by offering a variety of loan and deposit products and other financial services $2.8 $8.3 $36.8 $110.6

14 14 Retains and services mortgage loans originated by the Residential Mortgage Lending Division and through its referral relation shi p with the Community Bank and referral partners as well as those purchased from various correspondent originators ($ in millions) Inc /(Dec) vs 1Q15 Inc/(Dec) vs 2Q14 2Q15 Comments 4 Net Interest Income Noninterest Income 1 Provision for Credit Losses Noninterest Expense 2 Income Tax Expense Segment Net Income Highlighted Metrics $ 116 101 3 98 44 $ 72 $ (9) 33 4 (129) 56 $ 93 ($ in billions) 1 Noninterest Income includes intersegment net referral fees 2 Noninterest Expense includes amortization of intangibles and allocated corporate expense 3 Credit quality metrics are based on Loans Held for Investment Change 2Q15 Link 4 Like Retail Originations $2.2 28.9% 14.7% Correspondent Purchases $3.3 41.8% 18.2% Total Production $5.5 36.3% 16.7% Loan Sales $4.0 43.9% 29.6% Loans Serviced for others (EOP) $89.2 0.2% 0.7% Residential Mortgage Banking Segment ▪ Increase in net interest income vs. 1Q15 was driven by higher average HFS loan balances and HFI credit spreads ▪ Fee income increase was primarily driven by a $ 13 million increase in MSR valuation adjustments ▪ The 2Q15 production mix was 53% purchase / 47% refinance vs. 44% / 56% in 1Q15 ▪ Decrease in noninterest expense vs. 2Q14 was driven by earlier quarter adjustments related to FHA - insured mortgages and mortgage loan indemnifications ▪ Credit quality remained strong 3 :  30+ day delinquency of 2.81%  Non accruals of 0.63%  Net charge - offs of 0.11% $ 7 17 15 (4) 5 $ 8 4 Linked quarter growth rates annualized except for production and sales

15 15 Primarily originates indirect loans to consumers on a prime and nonprime basis for the purchase of automobiles and other vehi cle s through approved dealers both in BB&T’s market and nationally (through Regional Acceptance Corporation) Comments 4 ($ in millions) Inc /(Dec) vs 1Q15 Inc /(Dec) v s 2Q14 2Q15 Net Interest Income Noninterest Income 1 Provision for Credit Losses Noninterest Expense 2 Income Tax Expense Segment Net Income Highlighted Metrics 2Q15 Like $ 178 - 48 51 30 $ 49 $ 3 - (13) 10 2 $ 4 $ 10 - 17 16 (9) $ (14) Retail Loan Production Loan Yield Operating Margin 3 Net Charge - offs $ 1.3 6.47% 71.35% 1.26% (23.9%) (0.54%) (7.8%) 0.10% 1 Noninterest Income includes intersegment net referral fees 2 Noninterest Expense includes amortization of intangibles and allocated corporate expense 3 Operating Margin excludes Provision for Credit Losses 4 Linked quarter growth rates annualized except for production and sales ($ in billions) Link 4 4.9% 0.01% (5.2%) (0.32%) Change Dealer Financial Services Segment ▪ C ontinued to generate strong loan growth:  Average loans were up 6.1% for Dealer Finance (excluding dealer finance wholesale) and 10.1% for Regional Acceptance vs. 2Q14 ▪ Dealer Finance launched a nondiscretionary dealer compensation program that went into effect July 1st  Provides a flat - fee dealer compensation program  Provides a competitive automobile financing program that eliminates pricing discretion at the point of sale ▪ Asset quality indicators continue to be positive :  Dealer Finance continues to exhibit strong performance compared to industry norms  Regional Acceptance continues to perform within management’s risk appetite ▪ Regional Acceptance continues to expand their lending footprint:  Kansas City regional business center opened July 1st  Plans to open a regional business center in Northern Virginia later in the 3rd quarter

16 16 Provides specialty lending including: commercial finance, mortgage warehouse lending, tax - exempt governmental finance, equipment leasing, commercial mortgage banking, insurance premium finance, dealer - based equipment financing, and direct consumer finance Comments 4 ($ in millions) Inc/(Dec) vs 1Q15 Inc /(Dec) v s 2Q14 2Q15 Net Interest Income Noninterest Income 1 Provision for Credit Losses Noninterest Expense 2 Income Tax Expense Segment Net Income Highlighted Metrics 2Q15 Like $ 111 74 7 83 25 $ 70 $ 6 10 (12) 8 7 $ 13 $ 2 23 (6) 15 6 $ 10 ($ in billions) Loan Originations Loan Yield Operating Margin 3 Net Charge - offs $ 5.4 4.22% 55.1% 0.16% 28.8% (0.36%) (2.4%) 0.02% 1 Noninterest Income includes intersegment net referral fees 2 Noninterest Expense includes amortization of intangibles and allocated corporate expense 3 Operating Margin excludes Provision for Credit Losses 4 Linked quarter growth rates annualized except for production and sales 39.4% (0.14%) (0.5%) (0.14%) Link 4 Change Specialized Lending Segment ▪ Grandbridge delivered strong commercial mortgage banking results in 2Q15:  Loan production in 2Q15 was $ 2.0 billion vs. $ 1.1 billion in 2Q14  Average LHFI increased 65% vs. 2Q14  Commercial mortgage income up 56% vs. 2Q14 ▪ Sheffield Financial’s loan growth continues to be solid:  2Q15 production increased 21.0% compared to 2Q14  Average loans increased 14.5% vs. 2Q14 ▪ Strong production from Mortgage Warehouse Lending  Continued high usage under lines of credit commitments combined with commitment increases driven by new business and expansion of current relationships  2Q15 production increased 108.3% compared to 2Q14

17 17 Comments 4 ($ in millions) Inc/(Dec) vs 1Q15 Inc/(Dec) 2Q14 2Q15 Net Interest Income Noninterest Income 1 Provision for Credit Losses Noninterest Expense 2 Income Tax Expense Segment Net Income Highlighted Metrics Noninterest Income Number of Stores 3 EBITDA Margin 6 2Q15 Like Provides property and casualty, life, and health insurance to business and individual clients. It also provides workers comp ens ation and professional liability, as well as surety coverage and title insurance $ 1 425 - 346 27 $ 53 $ (2) (17) - 7 (7) $ (19) $ (2) 1 - 5 (2) $ (4) $ 425 197 23.2% 0.2% 2 (0.3%) Change (15.4%) (1) (3.4%) Link 4 ($ in millions ) Insurance Services Segment 4 Linked quarter growth rates annualized except for production and sales 5 Excludes American Coastal & Crump Life 6 Excludes $6 million one - time merger related and restructuring charges ▪ BB&T Insurance generated insurance revenue essentially flat to 2Q14:  3.6 % for Retail  (2.7%) for Wholesale  0.2% for Total Insurance ▪ BB&T Insurance produced strong YTD new business growth vs comparable period 2014:  13.6% for Retail  17.4% for Wholesale 5 ▪ YTD same store sales growth of 2.4% vs prior period 2014 ▪ Lower noninterest income vs. 1Q15 was driven by seasonality in employee benefits commissions and reduced direct P&C premiums resulting from the sale of American Coastal ▪ BB&T completed its sale of American Coastal Insurance Company, eliminating future underwriting risk and significantly increased its partnership interest in AmRisc ▪ BB&T Insurance completed the acquisition of strategic assets of NAPCO, LLC during 2Q, a leading independent wholesale broker of commercial property catastrophe insurance coverage 1 Noninterest Income includes intersegment net referral fees 2 Noninterest Expense includes amortization of intangibles, allocated corporate expense, and $6 million of one - time merger related charges from the AmRisc/American Coastal transaction 3 U.S . Locations

18 18 Provides trust services, wealth management, investment counseling, asset management, estate planning, employee benefits, corporate banking, and capital market services to individuals, corporations, governments, and other organizations Comments 4 ($ in millions) Inc/(Dec) vs 1Q15 Inc/(Dec) v s 2Q14 2Q15 Net Interest Income Noninterest Income 1 Provision for Credit Losses Noninterest Expense 2 Income Tax Expense Segment Net Income Highlighted Metrics Average Loan Balances Average Deposits Total Invested Assets Invested Assets Noninterest Income ($ in millions ) Operating Margin 3 2Q15 Like $ 127 215 23 210 41 $ 68 $ 6 11 (1) 15 1 $ 2 $ 18 22 20 17 2 $ 1 $ 12.8 $ 28.1 $128.2 $ 127.0 38.6% 1 Noninterest Income includes intersegment net referral fees 2 Noninterest Expense includes amortization of intangibles and allocated corporate expense 3 Operating Margin excludes Provision for Credit Losses ($ in billions) Link 4 18.4% 7.3% 5 21.1% 9.6% (1.4%) Change 25.9% 13.7% 5 9.4% 4.1% 2.5% Financial Services Segment ▪ Average loan and deposit growth was driven by :  Corporate Banking, which generated - 17.2% loan growth vs. 1Q15 - 25.3% loan growth vs. 2Q14 □ BB&T Wealth, which generated - 29.8% loan growth and 10.0% 5 transaction deposit growth vs. 1Q15 - 35.1 % loan growth and 21.9% 5 transaction deposit growth vs. 2Q14 ▪ Increase in noninterest income vs. 1Q15 and 2Q14 was driven by higher Capital Markets investment banking revenues, investment commission & brokerage fees, commercial loan fees and trust revenues ▪ BB&T Scott & Stringfellow opened an office in Dallas, TX ▪ Wealth Lending production increased 29.4% vs . 1Q15 and 40.4% vs. YTD 2014 ▪ Wealth Lending had record production in 2Q15 4 Linked quarter growth rates annualized except for production and sales 5 Adjusted to normalize inclusion of BB&T Wealth trust and other personal deposits residing in commercial products beginning in 1Q15

19 19 Summary of Acquisition Impact Earning Assets Net Interest M argin Noninterest Income Credit Noninterest Expense ▪ Excluding the loss on debt restructuring and merger - related charges, management expects 3Q15 expenses to increase 3% - 5 % and 4Q15 expenses to increase 6% - 8% vs. 2Q15 ▪ Merger - related charges are expected to total $60 million - $80 million for both 3Q15 and 4Q15 ▪ Management expects expenses to decline throughout 2016 to achieve targeted cost savings of 32% ▪ Acquisitions are expected to increase BB&T’s 3Q15 end of period loan balances to approximately $135 billion and securities are expected to be approximately $43 billion ▪ 4Q15 loan growth will be seasonally slower ▪ Management expects 3Q15 net charge - offs to be in the range of 35 - 45 bps ▪ 3Q15 provision for credit losses is expected to increase $15 million - $30 million depending on actual losses and portfolio growth; the 4Q15 provision is expected to be $25 million - $40 million greater than 2Q15 depending on actual losses and portfolio growth ▪ Management expects GAAP margin to:  I ncrease approximately 4 - 6 bps in 3Q15 and an additional 4 - 6 bps in 4Q15  Resulting NIM expected to be in the mid 3.30s by year - end ▪ Including acquisitions, management expects noninterest income to be flat to down 2% in 3Q15 and increase 3% - 5% vs. 2Q15 in 4Q15 Noncontrolling Interest ▪ The impact of the AmRisc investment will reduce noncontrolling interest expense in the range of $5 million to $15 million per quarter, depending on seasonality

Capital Measures 1 (Dollars in millions, except per share data) 1 2 Current quarter regulatory capital is preliminary Risk - weighted assets are determined based on regulatory capital requirements in effect for the period presented 3 4 Tangible common equity and related ratios are non - GAAP measures. BB&T's management uses these measures to assess the quality of capital and believes that investors may find them useful in their analysis of the Corporation. These capital measures are not necessarily comparable to similar capital measures that may be presented by othe r c ompanies . Under transitional approach 22 As of / Quarter Ended June 30 March 31 Dec. 31 Sept . 30 June 30 2015 2015 2014 2014 2014 Selected Capital Information Risk - based capital: Basel III 4 Basel I Common equity tier 1 $ 16,031 $ 15,755 N/A N/A N/A Tier 1 18,633 18,320 $ 17,840 $ 17,402 $ 16,984 Total 21,905 21,654 21,381 21,281 20,270 Risk - weighted assets 2 153,512 150,092 143,675 140,499 140,829 Average quarterly tangible assets 182,444 180,790 179,785 179,268 177,983 Risk - based capital ratios: Common equity tier 1 10.4% 10.5% N/A N/A N/A Tier 1 2.1 12.2 12.4% 12.4% 12.1% Total 14.3 14.4 14.9 15.1 14.4 Leverage capital ratio 10.2 10.1 9.9 9.7 9.5 Equity as a percentage of total assets 13.2 13.1 13.0 13.0 12.7 Common equity per common share $ 30.64 $ 30.48 $ 30.09 $ 29.98 $ 29.52 Selected non - GAAP Capital Information 3 Tangible common equity as a percentage of tangible assets 8.1% 8.0% 8.0% 7.9% 7.7% Tangible common equity per common share $ 20.21 $ 20.13 $ 19.86 $ 19.71 $ 19.21

Non - GAAP Reconciliations 1 23 (Dollars in millions, except per share data) 1 2 Current quarter regulatory capital is preliminary Tangible common equity and related ratios are non - GAAP measures. BB&T's management uses these measures to assess the quality of capital and believes that investors may find them useful in their analysis of the Corporation. These capital measures are not necessarily comparable to similar capital measures that may be presented by oth er companies. Calculations of tangible common equity, tangible assets and related measures 2 : Total shareholders' equity $ 25,132 $ 24,738 $ 24,377 $ 24,271 $ 23,931 Less: Preferred stock 2,603 2,603 2,603 2,603 2,603 Noncontrolling interests 52 96 88 76 85 Intangible assets 7,655 7,480 7,374 7,396 7,420 Tangible common equity $ 14,822 $ 14,559 $ 14,312 $ 14,196 $ 13,823 Total assets $ 191,017 $ 189,228 $ 186,834 $ 187,045 $ 188,043 Less: Intangible assets 7,655 7,480 7,374 7,396 7,420 Tangible assets $ 183,362 $ 181,748 $ 179,460 $ 179,649 $ 180,623 Tangible common equity as a percentage of tangible assets 8.1% 8.0% 8.0% 7.9% 7.7% Tangible common equity $ 14,822 $ 14,559 $ 14,312 $ 14,196 $ 13,823 Outstanding shares at end of period (in thousands) 733,481 723,159 720,698 720,298 719,584 Tangible common equity per common share $ 20.21 $ 20.13 $ 19.86 $ 19.71 $ 19.21 As of / Quarter Ended June 30 March 31 Dec. 31 Sept. 30 June 30 2015 2015 2014 2014 2014

Non - GAAP Reconciliations 1 24 1 BB&T’s management uses these measures in their analysis of the Corporation’s performance and believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods, as well as demonstrating the effects of significant gains and charges. Quarter Ended June 30 March 31 Dec. 31 Sept. 30 June 30 Efficiency and Fee Income Ratios 1 2015 2015 2014 2014 2014 Efficiency ratio - GAAP 69.8% 60.7% 58.3% 66.0% 65.6% Effect of securities gains (losses), net - - - (0.1) - Effect of merger - related and restructuring charges, net (1.1) (0.5) ( 0.7) ( 0.3) ( 0.6) Effect of mortgage loan indemnification reserves - - - - ( 1.4) Effect of loss on sale of American Coastal (0.8) - - - - Effect of mortgage reserve adjustments - - ( 1.1) - - Effect of loss on early extinguishment of debt (7.1) - - ( 5.1) - Effect of franchise tax adjustment - - 0.6 - - Effect of FDIC loss share accounting (0.1) (0.1) ( 0.1) ( 0.3) ( 0.2) Effect of foreclosed property expense (0.6) (0.6) ( 0.4) ( 0.5) (0.4 ) Effect of FHA - insured mortgage loan reserve adjustment - - - - ( 3.6) Effect of amortization of intangibles (0.9) ( 1.0) ( 1.0) ( 1.0) ( 1.0) Efficiency ratio - reported 59.2% 58.5% 55.6% 58.7% 58.4% Fee income ratio - GAAP 43.0% 42.5% 42.7% 40.7% 41.0% Effect of loss on sale of American Coastal 0.6 - - - - Effect of securities gains (losses), net - - - 0.1 - Effect of FDIC loss share accounting 2.7 3.3 3.5 3.5 3.7 Fee income ratio - reported 46.3% 45.8% 46.2% 44.3% 44.7% Note: Effective 1/1/15, BB&T retrospectively adopted new accounting guidance for Qualified Affordable Housing investments. Pr io r period information has been revised to conform to the current presentation

25 1 BB&T’s management believes investors use this measure to evaluate the return on average common shareholders’ equity without t h e impact of intangible assets and their related amortization. Non - GAAP Reconciliations 1 (Dollars in millions) Quarter Ended June 30 March 31 2015 Dec. 31 2014 Sept. 30 2014 June 30 2014 Return on Average Tangible Common Shareholders' Equity 2015 Net income available to common shareholders $ 454 $ 488 $ 551 $ 512 $ 424 Plus: Amortization of intangibles, net of tax 14 13 14 14 15 Tangible net income available to common shareholders $ 468 $ 501 $ 565 $ 526 $ 439 Average common shareholders' equity $ 22,210 $ 21,883 $ 21,895 $ 21,471 $ 21,159 Less: Average intangible assets 7,496 7,366 7,385 7,409 7,378 Average tangible common shareholders' equity $ 14,714 $ 14,517 $ 14,510 $ 14,062 $ 13,781 Return on average tangible common shareholders' equity 12.76% 14.00% 15.45% 14.83% 12.77% Note: Effective 1/1/15, BB&T retrospectively adopted new accounting guidance for Qualified Affordable Housing investments. Pr io r period information has been revised to conform to the current presentation

Non - GAAP Reconciliations 1 Quarter Ended Reported net interest margin vs. core net interest margin June 30 2015 March 31 2015 Dec. 31 2014 Sept. 30 2014 June 30 2014 Reported net interest margin - GAAP 3.27% 3.33% 3.36% 3.38% 3.43% Adjustments to interest income for assets acquired from FDIC: Effect of securities acquired from FDIC (0.04) (0.06) (0.06) (0.06) (0.06) Effect of loans acquired from FDIC (0.08) (0.10) (0.11) (0.13) (0.16) Adjustments to interest expense: Effect of interest expense on assets acquired from FDIC 0.01 0.01 0.01 0.01 0.01 Core net interest margin 3.16% 3.18% 3.20% 3.20% 3.22% 26 1 BB&T management uses this measure to evaluate net interest margin, excluding the impact of assets acquired from FDIC and beli e ves this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods.

Non - GAAP Reconciliations 1 Quarter Ended June 30, 2015 Adjusted Effective Tax Rate GAAP Tax Adj. Adjusted Income before income taxes $ 581 $ 581 Provision for income taxes 80 $ 107 187 Effective tax rate 13.8% 32.2% 27 1 BB&T’s management uses these measures in their analysis of the Corporation’s performance and believes these measures provide a g reater understanding of ongoing operations and enhance comparability of results with prior periods, as well as demonstrating the effects of significant gains and charges. 2 Adjustment represents $15 million of net charge - offs recorded in connection with the mortgage loan sale in the quarter ended Sep tember 30, 2014. (Dollars in millions) As of / For the Quarter Ended Adjusted ALLL to Net Charge - offs Sept. 30, 2014 Net charge - offs (excluding covered) $ 142 Less: adjustment 2 (15) Net charge - offs, as adjusted $ 127 Average loans held for investment $ 118,564 Ratio of allowance for loan and lease losses to net charge - offs (excluding covered) 0.48% Ratio of allowance for loan and lease losses to net charge - offs, (excluding covered) as adjusted 0.43%

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Form 8-K BB&T CORP For: Jul 16

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