BB&T Corp. (BBT) Reports In-Line Q2 EPS, Revenues Miss

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Go back to BB&T Corp. (BBT) Reports In-Line Q2 EPS, Revenues Miss

BB&T reports record quarterly earnings of $0.99 per diluted share; Up $0.22, or 28.6 percent, compared to second quarter 2017

July 19, 2018 5:45 AM EDT

WINSTON-SALEM, N.C., July 19, 2018 /PRNewswire/ -- BB&T Corporation (NYSE: BBT) today reported record earnings for the second quarter of 2018. Net income available to common shareholders was $775 million. Earnings per diluted common share were $0.99 for the second quarter of 2018, up from $0.94 last quarter. Results for the second quarter produced an annualized return on average assets of 1.49 percent and an annualized return on average common shareholders' equity of 11.74 percent.

Excluding pre-tax merger-related and restructuring charges of $24 million ($17 million after-tax), net income available to common shareholders was $792 million, or $1.01 per diluted... More