BB&T Corp. (BBT) Tops Q3 EPS by 3c, Revenues Beat

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Go back to BB&T Corp. (BBT) Tops Q3 EPS by 3c, Revenues Beat

BB&T reports record quarterly earnings of $1.01 per diluted share; Up $0.27, or 36.5 percent, compared to third quarter 2017

October 18, 2018 5:45 AM EDT

WINSTON-SALEM, N.C., Oct. 18, 2018 /PRNewswire/ -- BB&T Corporation (NYSE: BBT) today reported record earnings for the third quarter of 2018. Net income available to common shareholders was $789 million. Earnings per diluted common share were $1.01 for the third quarter of 2018, up from $0.99 last quarter. Results for the third quarter produced an annualized return on average assets of 1.49 percent and an annualized return on average common shareholders' equity of 11.69 percent.

Excluding pre-tax merger-related and restructuring charges of $18 million ($13 million after-tax), net income available to common shareholders was $802 million, or $1.03 per diluted... More