Evercore ISI Cuts Estimates on BB&T Corp. (BBT) Due to Higher Tax Rate - Reiterates Buy
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BB&T, National Penn Announce Expected Closing Date and Election Deadline for Merger
January 21, 2016 5:46 AM ESTWINSTON-SALEM, N.C., and ALLENTOWN, Pa., Jan. 21, 2016 /PRNewswire/ --Â BB&T Corporation (NYSE: BBT) and National Penn Bancshares, Inc. (NASDAQ: NPBC) today announced BB&T's merger with National Penn is expected to close on or about April 1, 2016.
The deadline for holders of National Penn common stock and certain National Penn equity awards to elect their preferred form of consideration will be 5 p.m., ET, on March 30, 2016, unless extended. The election materials will be mailed beginning on or about Feb. 29, 2016 to National Penn security holders of... More
BB&T reports revenue up 6.9% following acquisitions; Diluted EPS of $0.64 ($0.68 adjusted)
January 21, 2016 5:45 AM ESTWINSTON-SALEM, N.C., Jan. 21, 2016 /PRNewswire/ --Â BB&T Corporation (NYSE: BBT) today reported quarterly earnings for the fourth quarter of 2015. Net income available to common shareholders was $502 million, or $0.64 per diluted common share for the fourth quarter of 2015. Excluding merger-related and restructuring charges, net income available to common shareholders was $535 million, or $0.68 per diluted share.
Net income available to common shareholders was $492 million ($0.64 per diluted share) and $551 million ($0.75 per diluted share) for the third quarter of 2015 and fourth quarter of 2014, respectively.
"We are pleased to report solid results... More
