BB&T Corp. (BBT) Tops Q1 EPS by 2c
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BB&T reports earnings of $749 million; $0.97 per diluted share; Record earnings of $813 million, excluding merger-related and restructuring charges
April 18, 2019 5:45 AM EDTWINSTON-SALEM, N.C., April 18, 2019 /PRNewswire/ -- BB&T Corporation (NYSE: BBT) today reported earnings for the first quarter of 2019. Net income available to common shareholders was $749 million. Earnings per diluted common share were $0.97 for the first quarter of 2019, equal to last quarter. Results for the first quarter produced an annualized return on average assets of 1.43 percent and an annualized return on average common shareholders' equity of 11.08 percent.
Excluding merger-related and restructuring charges of $80 million ($64 million after-tax), net income available to common shareholders was a record $813 million, or $1.05 per diluted share.... More
