BB&T Corp. (BBT) Tops Q4 EPS by 1c

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Go back to BB&T Corp. (BBT) Tops Q4 EPS by 1c

BB&T reports record earnings for 2016; Quarterly earnings totaled $592 million, up 18% over 2015

January 19, 2017 5:46 AM EST

WINSTON-SALEM, N.C., Jan. 19, 2017 /PRNewswire/ -- BB&T Corporation (NYSE: BBT) today reported earnings for the fourth quarter of 2016. Net income available to common shareholders was $592 million, up 17.9% from the fourth quarter of 2015. Earnings per diluted common share were $0.72 for the fourth quarter of 2016. Excluding pre-tax merger-related and restructuring charges of $13 million ($8 million after tax), net income available to common shareholders was $600 million, or $0.73 per diluted share.

Net income available to common shareholders was $599 million ($0.73 per diluted share) for the third quarter of 2016 and $502 million ($0.64 per diluted share)... More