BB&T Corp. (BBT) Tops Q3 EPS by 5c

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BB&T reports record earnings of $599 million; 22% increase over third quarter of 2015

October 19, 2016 5:45 AM EDT

WINSTON-SALEM, N.C., Oct. 19, 2016 /PRNewswire/ -- BB&T Corporation (NYSE: BBT) today reported quarterly earnings for the third quarter of 2016. Net income available to common shareholders was $599 million, up 21.7% from the third quarter of 2015. Earnings per diluted common share were $0.73 for the third quarter of 2016. Excluding pre-tax merger-related and restructuring charges of $43 million ($27 million after tax), net income available to common shareholders was $626 million, or $0.76 per diluted share.

Net income available to common shareholders was $541 million ($0.66 per diluted share) for the second quarter of 2016 and $492 million ($0.64 per diluted... More