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

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

BB&T reports record annual earnings of $3.1 billion; $3.91 per diluted share; Quarterly earnings totaled $0.97 per diluted share, up 26.0 percent compared to 2017

January 17, 2019 5:45 AM EST

WINSTON-SALEM, N.C., Jan. 17, 2019 /PRNewswire/ -- BB&T Corporation (NYSE: BBT) today reported earnings for the fourth quarter of 2018. Net income available to common shareholders was $754 million. Earnings per diluted common share were $0.97 for the fourth quarter of 2018, down from $1.01 last quarter. Results for the fourth quarter produced an annualized return on average assets of 1.43 percent and an annualized return on average common shareholders' equity of 11.14 percent.

Excluding merger-related and restructuring charges of $76 million ($59 million after-tax), net income available to common shareholders was $813 million, or $1.05 per diluted share, up from $1.03 last... More