TRUIST FINANCIAL CORP - FORM 8-K - EX-99.2

Attached files

file	filename
8-K - TRUIST FINANCIAL CORP	earnings8k.htm
EX-99.1 - TRUIST FINANCIAL CORP	exhibit991.htm

Exhibit 99.2

BB&T Corporation

Quarterly Performance Summary

Third Quarter 2009

BB&T Corporation Quarterly Performance Summary Table of Contents


	Page
Financial Highlights	3
Financial Highlights - Five Quarter Trend	4
Consolidated Statements of Income	5
Consolidated Statements of Income - Five Quarter Trend	6
Consolidated Balance Sheets	7
Consolidated Balance Sheets - Five Quarter Trend	8
Average Balance Sheets	9
Average Balance Sheets - Five Quarter Trend	10
Average Balances and Rates - Quarters	11-12
Average Balances and Rates - Year-To-Date	13
Credit Quality	14-15
Credit Quality - Supplemental Schedules	16-17
Capital Information - Five Quarter Trend	18
Selected Growth Rates Adjusted for Purchase
Acquisitions and Selected Items	19
Selected Items & Additional Information - Five Quarter Trend	20
Colonial Update	21
NON-GAAP Reconciliation Table	22

BB&T Corporation Financial Highlights (Dollars in millions, except per share data, shares in thousands)


		Quarter Ended									Year-to-Date
		September 30						%			September 30						%
		2009			2008			Change			2009				2008		Change
Summary Income Statement
Interest income	$	1,776			$	1,821		(2.5	) %	$	5,155			$	5,556		(7.2	) %
Interest expense		509				712		(28.5	)		1,547				2,323		(33.4	)
Net interest income - taxable equivalent		1,267				1,109		14.2			3,608				3,233		11.6
Less: Taxable-equivalent adjustment		30				21		42.9			87				60		45.0
Net interest income		1,237				1,088		13.7			3,521				3,173		11.0
Provision for credit losses		709				364		94.8			2,086				917		127.5
Net interest income after provision for credit losses		528				724		(27.1	)		1,435				2,256		(36.4	)
Noninterest income		940				792		18.7			2,964				2,390		24.0
Noninterest expense		1,320				1,005		31.3			3,570				2,899		23.1
Income before income taxes		148				511		(71.0	)		829				1,747		(52.5	)
Provision for income taxes		(9	)			149		(106.0	)		146				525		(72.2	)
Net income		157				362		(56.6	)		683				1,222		(44.1	)
Noncontrolling interest		5				4		25.0			15				8		87.5
Dividends and accretion on preferred stock		-				-		-			124				-		100.0
Net income available to common shareholders		152				358		(57.5	)		544				1,214		(55.2	)
Per Common Share Data
Earnings
Basic	$	.23			$	.65		(64.6	) %	$	.89			$	2.22		(59.9	) %
Diluted		.23				.65		(64.6	)		.88				2.20		(60.0	)
Cash dividends paid		.15				.47		(68.1	)		1.09				1.39		(21.6	)
Book value		23.41				23.42		(0.0	)		23.41				23.42		(0.0	)
Tangible book value (1)		14.10				13.81		2.1			14.10				13.81		2.1

End of period shares outstanding (in thousands)		687,446			552,259			24.5			687,446			552,259			24.5
Weighted average shares (in thousands)
Basic		665,408			549,761			21.0			609,698			547,543			11.4
Diluted		672,457			553,544			21.5			615,307			551,144			11.6
Performance Ratios
Return on average assets		.40	%			1.05	%				.60	%			1.21	%
Return on average common shareholders' equity		3.90				10.86					5.09				12.46
Net interest margin - taxable equivalent		3.68				3.66					3.61				3.61
Fee income ratio (2)		41.8				41.4					43.4				40.9
Efficiency ratio (2)		52.0				50.4					50.2				51.3
Credit Quality (including covered loans and foreclosed property)
Nonperforming assets	$	4,103			$	1,638				$	4,103			$	1,638
Nonperforming assets as a percentage of:
Total assets		2.48	%			1.20	%				2.48	%			1.20	%
Loans and leases plus foreclosed property		3.78				1.69					3.78				1.69
Net charge-offs as a percentage of average
loans and leases		1.71				1.00					1.70				.76
Allowance for loan and lease losses as a percentage
of loans and leases held for investment		2.29				1.45					2.29				1.45
Ratio of allowance for loan and lease losses to
nonperforming loans and leases		.92	X			1.15	X				.92	X			1.15	X
Average Balances
Total assets	$	157,451		$	136,933			15.0	%	$	151,969		$	135,311			12.3	%
Investment securities		32,599				24,083		35.4			31,503				23,800		32.4
Loans and leases		103,334				95,943		7.7			100,892				94,514		6.7
Deposits		107,310				90,021		19.2			98,592				87,772		12.3
Client deposits		96,349				80,236		20.1			88,848				78,065		13.8
Shareholders' equity		15,537				13,176		17.9			16,206				13,052		24.2
Period-End Balances
Total assets	$	165,328		$	137,041			20.6	%	$	165,328		$	137,041			20.6	%
Investment securities		34,819				21,082		65.2			34,819				21,082		65.2
Loans and leases		107,027				96,682		10.7			107,027				96,682		10.7
Deposits		114,510				88,387		29.6			114,510				88,387		29.6
Client deposits		103,725				80,028		29.6			103,725				80,028		29.6
Shareholders' equity		16,142				12,980		24.4			16,142				12,980		24.4
Capital Ratios (3)
Risk-based
Tier 1		11.1	%			9.4	%				11.1	%			9.4	%
Total		15.6				14.4					15.6				14.4
Leverage		8.5				7.6					8.5				7.6
Tangible common equity (1)		6.1				5.8					6.1				5.8
Tier 1 common equity to risk-weighted assets (1)		8.4				7.2					8.4				7.2


Note: Applicable ratios are annualized.
(1	)	Tangible common equity and Tier 1 common equity ratios are Non-GAAP measures. BB&T uses the Tier 1 common equity definition used in the SCAP assessment to calculate these ratios. See the calculations and management's reasons for using these measures on page 18 of this supplement.
(2	)	Excludes securities gains (losses), foreclosed property expense, amortization of intangible assets and other selected items as detailed on page 20 of this supplement. See Non-GAAP reconciliations.
(3	)	Current quarter regulatory capital information is preliminary.

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BB&T Corporation Financial Highlights - Five Quarter Trend (Dollars in millions, except per share data, shares in thousands)


		Quarter Ended
		Sept. 30			June 30			March 31			Dec. 31			Sept. 30
		2009			2009			2009			2008			2008
Summary Income Statement
Interest income	$	1,776		$	1,670		$	1,709		$	1,757		$	1,821
Interest expense		509			503			535			669			712
Net interest income - taxable equivalent		1,267			1,167			1,174			1,088			1,109
Less: Taxable-equivalent adjustment		30			29			28			23			21
Net interest income		1,237			1,138			1,146			1,065			1,088
Provision for credit losses		709			701			676			528			364
Net interest income after provision for credit losses		528			437			470			537			724
Noninterest income		940			993			1,031			807			792
Noninterest expense		1,320			1,181			1,069			1,012			1,005
Income before income taxes		148			249			432			332			511
Provision for income taxes		(9	)		41			114			25			149
Net income		157			208			318			307			362
Noncontrolling interest		5			4			6			2			4
Dividends and accretion on preferred stock		-			83			41			21			-
Net income available to common shareholders		152			121			271			284			358
Per Common Share Data
Earnings
Basic	$	.23		$	.20		$	.48		$	.51		$	.65
Diluted		.23			.20			.48			.51			.65
Cash dividends paid		.15			.47			.47			.47			.47
Book value		23.41			22.76			23.29			23.16			23.42
Tangible book value (1)		14.10			14.74			13.93			13.87			13.81

End of period shares outstanding (in thousands)		687,446			648,068			560,563			559,248			552,259
Weighted average shares (in thousands)
Basic		665,408			602,726			559,801			552,732			549,761
Diluted		672,457			608,797			563,566			556,746			553,544
Performance Ratios
Return on average assets		.40	%		.56	%		.86	%		.86	%		1.05	%
Return on average common shareholders' equity		3.90			3.43			8.29			8.47			10.86
Net interest margin - taxable equivalent (2)		3.68			3.56			3.57			3.47			3.66
Fee income ratio (3)		41.8			45.5			42.9			39.9			41.4
Efficiency ratio (3)		52.0			49.8			48.7			49.8			50.4
Credit Quality (including covered loans and
foreclosed property)
Nonperforming assets	$	4,103		$	3,340		$	2,750		$	2,030		$	1,638
Nonperforming assets as a percentage of:
Total assets		2.48	%		2.19	%		1.92	%		1.34	%		1.20	%
Loans and leases plus foreclosed property		3.78			3.29			2.72			2.04			1.69
Net charge-offs as a percentage of average
loans and leases		1.71			1.81			1.58			1.29			1.00
Allowance for loan and lease losses as a percentage
of loans and leases held for investment		2.29			2.19			1.94			1.62			1.45
Ratio of allowance for loan and lease losses to
nonperforming loans and leases		.92	X		1.01	X		1.08	X		1.11	X		1.15	X
Average Balances
Total assets	$	157,451		$	148,496		$	149,876		$	141,555		$	136,933
Investment securities		32,599			30,468			31,427			26,573			24,083
Loans and leases		103,334			99,577			99,724			97,224			95,943
Deposits		107,310			94,385			93,934			91,986			90,021
Client deposits		96,349			85,927			84,133			81,868			80,236
Shareholders' equity		15,537			16,683			16,406			14,967			13,176
Period-End Balances
Total assets	$	165,328		$	152,398		$	143,425		$	152,015		$	137,041
Investment securities		34,819			31,555			19,489			33,219			21,082
Loans and leases		107,027			100,334			100,239			98,669			96,682
Deposits		114,510			102,164			90,617			98,613			88,387
Client deposits		103,725			88,339			84,292			83,575			80,028
Shareholders' equity		16,142			14,792			16,182			16,081			12,980
Capital Ratios (4)
Risk-based
Tier 1		11.1	%		10.6	%		12.1	%		12.3	%		9.4	%
Total		15.6			15.2			17.1			17.4			14.4
Leverage		8.5			8.5			9.4			9.9			7.6
Tangible common equity (1)		6.1			6.5			5.6			5.3			5.8
Tier 1 common equity to risk-weighted assets (1)		8.4			8.4			7.0			7.1			7.2


Note: Applicable ratios are annualized.
(1	)	Tangible common equity and Tier 1 common equity ratios are Non-GAAP measures. BB&T uses the Tier 1 common equity definition used in the SCAP assessment to calculate these ratios. See the calculations and management's reasons for using these measures on page 18 of this supplement.
(2	)	The net interest margin for the fourth quarter of 2008 was 3.68% excluding the $67 million charge related to the leveraged lease settlement.
(3	)	Excludes securities gains (losses), foreclosed property expense, amortization of intangible assets and other selected items as detailed on page 20 of this supplement. See Non-GAAP reconciliations.
(4	)	Current quarter regulatory capital information is preliminary.

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BB&T Corporation Consolidated Statements of Income (Dollars in millions, except per share data, shares in thousands)


		Quarter Ended										Year-to-Date
		September 30					Change					September 30				Change
		2009			2008		$		%			2009		2008		$		%

Interest Income
Interest and fees on loans and leases	$	1,414		$	1,499	$	(85	)	(5.7	) %	$	4,072	$	4,595	$	(523	)	(11.4	) %
Interest and dividends on securities		329			287		42		14.6			986		859		127		14.8
Interest on other earning assets		2			7		(5	)	(71.4	)		6		24		(18	)	(75.0	)
Total interest income		1,745			1,793		(48	)	(2.7	)		5,064		5,478		(414	)	(7.6	)

Interest Expense
Interest on deposits		311			449		(138	)	(30.7	)		977		1,468		(491	)	(33.4	)
Interest on federal funds purchased, securities sold under
repurchase agreements and short-term borrowed funds		11			48		(37	)	(77.1	)		51		195		(144	)	(73.8	)
Interest on long-term debt		186			208		(22	)	(10.6	)		515		642		(127	)	(19.8	)
Total interest expense		508			705		(197	)	(27.9	)		1,543		2,305		(762	)	(33.1	)

Net interest income		1,237			1,088		149		13.7			3,521		3,173		348		11.0
Provision for credit losses		709			364		345		94.8			2,086		917		1,169		127.5
Net interest income after provision for credit losses		528			724		(196	)	(27.1	)		1,435		2,256		(821	)	(36.4	)

Noninterest income
Insurance income		254			232		22		9.5			787		681		106		15.6
Service charges on deposits		180			176		4		2.3			504		502		2		0.4
Investment banking brokerage fees and commissions		89			84		5		6.0			263		258		5		1.9
Mortgage banking income		144			83		61		73.5			516		199		317		159.3
Checkcard fees		59			52		7		13.5			165		151		14		9.3
Other nondeposit fees and commissions		59			47		12		25.5			165		140		25		17.9
Trust and investment advisory revenues		36			37		(1	)	(2.7	)		101		115		(14	)	(12.2	)
Bankcard fees and merchant discounts		41			38		3		7.9			115		113		2		1.8
Income from bank-owned life insurance		24			24		-		-			72		62		10		16.1
Securities gains, net		31			13		18		138.5			200		66		134		NM
Other income		23			6		17		NM			76		103		(27	)	(26.2	)
Total noninterest income		940			792		148		18.7			2,964		2,390		574		24.0

Noninterest Expense
Personnel expense		644			552		92		16.7			1,867		1,664		203		12.2
Occupancy and equipment expense		149			127		22		17.3			406		374		32		8.6
Professional services		68			55		13		23.6			185		140		45		32.1
Foreclosed property expense		118			22		96		NM			214		52		162		NM
Regulatory charges		44			8		36		NM			183		17		166		NM
Loan processing expense		38			32		6		18.8			101		96		5		5.2
Amortization of intangibles		29			25		4		16.0			78		77		1		1.3
Merger-related and restructuring charges, net		18			5		13		NM			29		11		18		163.6
Other expenses		212			179		33		18.4			507		468		39		8.3
Total noninterest expense		1,320			1,005		315		31.3			3,570		2,899		671		23.1

Earnings
Income before income taxes		148			511		(363	)	(71.0	)		829		1,747		(918	)	(52.5	)
Provision for income taxes		(9	)		149		(158	)	(106.0	)		146		525		(379	)	(72.2	)
Net Income		157			362		(205	)	(56.6	)		683		1,222		(539	)	(44.1	)

Noncontrolling interest		5			4		1		25.0			15		8		7		87.5
Dividends and accretion on preferred stock		-			-		-		-			124		-		124		100.0
Net income available to common shareholders	$	152		$	358	$	(206	)	(57.5	)	$	544	$	1,214	$	(670	)	(55.2	) %

Earnings Per Common Share
Basic	$	.23		$	.65	$	(0.42	)	(64.6	) %	$	.89	$	2.22	$	(1.33	)	(59.9	) %
Diluted		.23			.65		(0.42	)	(64.6	)		.88		2.20		(1.32	)	(60.0	)

Weighted Average Shares Outstanding
Basic		665,408		549,761			115,647		21.0			609,698		547,543		62,155		11.4
Diluted		672,457		553,544			118,913		21.5			615,307		551,144		64,163		11.6
NM - not meaningful.

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BB&T Corporation Consolidated Statements of Income - Five Quarter Trend (Dollars in millions, except per share data, shares in thousands)


		Quarter Ended
		Sept. 30			June 30		March 31			Dec. 31			Sept. 30
		2009			2009		2009			2008			2008

Interest Income
Interest and fees on loans and leases	$	1,414		$	1,336		$	1,322	$	1,408		$	1,499
Interest and dividends on securities		329			302			355		317			287
Interest on other earning assets		2			2			2		4			7
Total interest income		1,745			1,640			1,679		1,729			1,793

Interest Expense
Interest on deposits		311			320			346		423			449
Interest on federal funds purchased, securities sold under
repurchase agreements and short-term borrowed funds		11			17			23		40			48
Interest on long-term debt		186			165			164		201			208
Total interest expense		508			502			533		664			705

Net interest income		1,237			1,138			1,146		1,065			1,088
Provision for credit losses		709			701			676		528			364
Net interest income after provision for credit losses		528			437			470		537			724

Noninterest income
Insurance income		254			281			252		247			232
Service charges on deposits		180			168			156		171			176
Investment banking brokerage fees and commissions		89			92			82		96			84
Mortgage banking income		144			184			188		76			83
Checkcard fees		59			57			49		50			52
Other nondeposit fees and commissions		59			53			53		49			47
Trust and investment advisory revenues		36			33			32		32			37
Bankcard fees and merchant discounts		41			39			35		38			38
Income from bank-owned life insurance		24			25			23		22			24
Securities gains, net		31			19			150		41			13
Other income (loss)		23			42			11		(15	)		6
Total noninterest income		940			993			1,031		807			792

Noninterest Expense
Personnel expense		644			623			600		537			552
Occupancy and equipment expense		149			128			129		135			127
Professional services		68			64			53		64			55
Foreclosed property expense		118			60			36		27			22
Regulatory charges		44			106			33		13			8
Loan processing expense		38			34			29		29			32
Amortization of intangibles		29			24			25		23			25
Merger-related and restructuring charges, net		18			(1	)		12		4			5
Other expenses		212			143			152		180			179
Total noninterest expense		1,320			1,181			1,069		1,012			1,005

Earnings
Income before income taxes		148			249			432		332			511
Provision for income taxes		(9	)		41			114		25			149
Net Income		157			208			318		307			362

Noncontrolling interest		5			4			6		2			4
Dividends and accretion on preferred stock		-			83			41		21			-
Net income available to common shareholders	$	152		$	121		$	271	$	284		$	358

Earnings Per Common Share
Basic	$	.23		$	.20		$	.48	$	.51		$	.65
Diluted		.23			.20			.48		.51			.65

Weighted Average Shares Outstanding
Basic		665,408			602,726			559,801		552,732			549,761
Diluted		672,457			608,797			563,566		556,746			553,544

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BB&T Corporation Consolidated Balance Sheets (Dollars in millions)


		As of September 30,						Change
		2009			2008			$		%

Assets
Cash and due from banks	$	1,292		$	1,675		$	(383	)	(22.9	) %
Interest-bearing deposits with banks		579			420			159		37.9
Federal funds sold and securities purchased under
resale agreements or similar arrangements		520			297			223		75.1
Segregated cash due from banks		286			307			(21	)	(6.8	)
Trading securities at fair value		686			548			138		25.2
Securities available for sale at fair value (Includes $1,176
covered by FDIC loss share at September 30, 2009)		34,133			20,534			13,599		66.2
Loans and leases:
Commercial loans and leases		49,591			48,694			897		1.8
Direct retail loans		14,482			15,569			(1,087	)	(7.0	)
Sales finance loans		6,493			6,314			179		2.8
Revolving credit loans		1,929			1,718			211		12.3
Mortgage loans		15,463			17,259			(1,796	)	(10.4	)
Specialized lending		7,497			5,709			1,788		31.3
Other acquired loans		141			-			141		100.0
Total loans and leases held for investment (excluding
covered loans)		95,596			95,263			333		0.3
Covered loans		8,305			-			8,305		100.0
Total loans and leases held for investment		103,901			95,263			8,638		9.1

Loans held for sale		3,126			1,419			1,707		120.3
Total loans and leases		107,027			96,682			10,345		10.7
Allowance for loan and lease losses		(2,379	)		(1,377	)		(1,002	)	72.8
FDIC loss share receivable		3,336			-			3,336		100.0
Premises and equipment		1,591			1,557			34		2.2
Goodwill		6,183			5,340			843		15.8
Core deposit and other intangible assets		645			507			138		27.2
Residential mortgage servicing rights at fair value		639			601			38		6.3
Other assets (Includes $182 of foreclosed property and other
assets covered by FDIC loss share at September 30, 2009)		10,790			9,950			840		8.4
Total assets	$	165,328		$	137,041		$	28,287		20.6	%

Liabilities and Shareholders' Equity
Deposits:
Noninterest-bearing deposits	$	18,673		$	13,534		$	5,139		38.0	%
Interest checking		3,621			2,189			1,432		65.4
Other client deposits		48,878			37,786			11,092		29.4
Client certificates of deposit		32,553			26,519			6,034		22.8
Total client deposits		103,725			80,028			23,697		29.6

Other interest-bearing deposits		10,785			8,359			2,426		29.0
Total deposits		114,510			88,387			26,123		29.6
Fed funds purchased, repos and other borrowings		8,357			10,075			(1,718	)	(17.1	)
Long-term debt		21,317			21,337			(20	)	(0.1	)
Other liabilities		5,002			4,262			740		17.4
Total liabilities		149,186			124,061			25,125		20.3
Shareholders' equity:
Common stock		3,437			2,761			676		24.5
Additional paid-in capital		5,563			3,278			2,285		69.7
Retained earnings		7,458			7,357			101		1.4
Noncontrolling interest		48			45			3		6.7
Accumulated other comprehensive loss		(364	)		(461	)		97		(21.0	)
Total shareholders' equity		16,142			12,980			3,162		24.4
Total liabilities and shareholders' equity	$	165,328		$	137,041		$	28,287		20.6	%

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BB&T Corporation Consolidated Balance Sheets - Five Quarter Trend (Dollars in millions)


		As of
		Sept. 30			June 30			March 31			Dec. 31			Sept. 30
		2009			2009			2009			2008			2008

Assets
Cash and due from banks	$	1,292		$	1,571		$	1,188		$	1,639		$	1,675
Interest-bearing deposits with banks		579			416			511			751			420
Federal funds sold and securities purchased under
resale agreements or similar arrangements		520			247			301			350			297
Segregated cash due from banks		286			267			283			379			307
Trading securities at fair value		686			522			481			376			548
Securities available for sale at fair value (Includes $1,176
covered by FDIC loss share at September 30, 2009)		34,133			31,033			19,008			32,843			20,534
Loans and leases:
Commercial loans and leases		49,591			50,364			50,392			50,480			48,694
Direct retail loans		14,482			14,577			15,000			15,454			15,569
Sales finance loans		6,493			6,536			6,275			6,354			6,314
Revolving credit loans		1,929			1,843			1,760			1,777			1,718
Mortgage loans		15,463			15,639			16,336			17,091			17,259
Specialized lending		7,497			7,393			6,678			6,089			5,709
Other acquired loans		141			-			-			-			-
Total loans and leases held for investment (excluding
covered loans)		95,596			96,352			96,441			97,245			95,263
Covered loans		8,305			-			-			-			-
Total loans and leases held for investment		103,901			96,352			96,441			97,245			95,263

Loans held for sale		3,126			3,982			3,798			1,424			1,419
Total loans and leases		107,027			100,334			100,239			98,669			96,682
Allowance for loan and lease losses		(2,379	)		(2,110	)		(1,869	)		(1,574	)		(1,377	)
FDIC loss share receivable		3,336			-			-			-			-
Premises and equipment		1,591			1,577			1,583			1,580			1,557
Goodwill		6,183			5,491			5,492			5,483			5,340
Core deposit and other intangible assets		645			497			521			542			507
Residential mortgage servicing rights at fair value		639			615			365			370			601
Other assets (Includes $182 of foreclosed property and other
assets covered by FDIC loss share at September 30, 2009)		10,790			11,938			15,322			10,607			9,950
Total assets	$	165,328		$	152,398		$	143,425		$	152,015		$	137,041

Liabilities and Shareholders' Equity
Deposits:
Noninterest-bearing deposits	$	18,673		$	16,054		$	14,766		$	13,649		$	13,534
Interest checking		3,621			3,181			2,401			2,576			2,189
Other client deposits		48,878			43,632			40,604			39,413			37,786
Client certificates of deposit		32,553			25,472			26,521			27,937			26,519
Total client deposits		103,725			88,339			84,292			83,575			80,028

Other interest-bearing deposits		10,785			13,825			6,325			15,038			8,359
Total deposits		114,510			102,164			90,617			98,613			88,387
Fed funds purchased, repos and other borrowings		8,357			12,631			13,721			10,788			10,075
Long-term debt		21,317			18,110			17,955			18,032			21,337
Other liabilities		5,002			4,701			4,950			8,501			4,262
Total liabilities		149,186			137,606			127,243			135,934			124,061
Shareholders' equity:
Preferred stock		-			-			3,085			3,082			-
Common stock		3,437			3,240			2,803			2,796			2,761
Additional paid-in capital		5,563			4,828			3,547			3,510			3,278
Retained earnings		7,458			7,409			7,385			7,381			7,357
Noncontrolling interest		48			45			45			44			45
Accumulated other comprehensive loss		(364	)		(730	)		(683	)		(732	)		(461	)
Total shareholders' equity		16,142			14,792			16,182			16,081			12,980
Total liabilities and shareholders' equity	$	165,328		$	152,398		$	143,425		$	152,015		$	137,041

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BB&T Corporation Average Balance Sheets (Dollars in millions)


		Quarter Ended									Year-to-Date
		September 30				Change					September 30				Change
		2009		2008		$		%			2009		2008		$		%
Assets
Securities, at amortized cost
U.S. government-sponsored entities (GSE)	$	1,180	$	3,619	$	(2,439	)	(67.4	) %	$	1,144	$	5,560	$	(4,416	)	(79.4	) %
Mortgage-backed securities issued by GSE		25,892		15,186		10,706		70.5			25,111		12,990		12,121		93.3
States and political subdivisions		2,190		2,070		120		5.8			2,243		1,739		504		29.0
Non-agency mortgage-backed securities		1,411		1,615		(204	)	(12.6	)		1,477		1,661		(184	)	(11.1	)
Other securities		822		1,068		(246	)	(23.0	)		849		1,190		(341	)	(28.7	)
Trading securities		518		525		(7	)	(1.3	)		482		660		(178	)	(27.0	)
Covered securities		586		-		586		100.0			197		-		197		100.0
Total securities		32,599		24,083		8,516		35.4			31,503		23,800		7,703		32.4

Other earning assets		1,243		975		268		27.5			1,177		1,096		81		7.4
Loans and leases
Commercial loans and leases		49,916		48,125		1,791		3.7			50,294		46,929		3,365		7.2
Direct retail loans		14,507		15,595		(1,088	)	(7.0	)		14,849		15,606		(757	)	(4.9	)
Sales finance loans		6,528		6,292		236		3.8			6,391		6,171		220		3.6
Revolving credit loans		1,886		1,688		198		11.7			1,819		1,639		180		11.0
Mortgage loans		15,515		17,279		(1,764	)	(10.2	)		16,088		17,371		(1,283	)	(7.4	)
Specialized lending		7,542		5,648		1,894		33.5			7,009		5,417		1,592		29.4
Other acquired loans		75		-		75		100.0			25		-		25		100.0
Total loans and leases held for investment
(excluding covered loans)		95,969		94,627		1,342		1.4			96,475		93,133		3,342		3.6
Covered loans		4,380		-		4,380		100.0			1,476		-		1,476		100.0
Total loans and leases held for investment		100,349		94,627		5,722		6.0			97,951		93,133		4,818		5.2

Loans held for sale		2,985		1,316		1,669		126.8			2,941		1,381		1,560		113.0
Total loans and leases		103,334		95,943		7,391		7.7			100,892		94,514		6,378		6.7

Total earning assets		137,176		121,001		16,175		13.4			133,572		119,410		14,162		11.9

Non-earning assets		20,275		15,932		4,343		27.3			18,397		15,901		2,496		15.7
Total assets	$	157,451	$	136,933	$	20,518		15.0	%	$	151,969	$	135,311	$	16,658		12.3	%

Liabilities and Shareholders' Equity
Deposits
Noninterest-bearing deposits		17,389		13,181	$	4,208		31.9	%	$	15,566	$	12,981	$	2,585		19.9	%
Interest checking		2,762		2,369		393		16.6			2,632		2,412		220		9.1
Other client deposits		47,046		38,369		8,677		22.6			43,248		35,965		7,283		20.3
Client certificates of deposit		29,152		26,317		2,835		10.8			27,402		26,707		695		2.6
Total client deposits		96,349		80,236		16,113		20.1			88,848		78,065		10,783		13.8
Other interest-bearing deposits		10,961		9,785		1,176		12.0			9,744		9,707		37		0.4
Total deposits		107,310		90,021		17,289		19.2			98,592		87,772		10,820		12.3

Fed funds purchased, repos and other borrowings		9,964		8,915		1,049		11.8			13,808		10,004		3,804		38.0
Long-term debt		19,867		20,770		(903	)	(4.3	)		18,362		20,557		(2,195	)	(10.7	)
Other liabilities		4,773		4,051		722		17.8			5,001		3,926		1,075		27.4
Total liabilities		141,914		123,757		18,157		14.7			135,763		122,259		13,504		11.0

Shareholders' equity		15,537		13,176		2,361		17.9			16,206		13,052		3,154		24.2

Total liabilities and shareholders' equity	$	157,451	$	136,933	$	20,518		15.0	%	$	151,969	$	135,311	$	16,658		12.3	%

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BB&T Corporation Average Balance Sheets - Five Quarter Trend (Dollars in millions)


		Quarter Ended
		Sept. 30		June 30		March 31		Dec. 31		Sept. 30
		2009		2009		2009		2008		2008
Assets
Securities, at amortized cost
U.S. government-sponsored entities (GSE)	$	1,180	$	1,170	$	1,080	$	1,497	$	3,619
Mortgage-backed securities issued by GSE		25,892		24,295		25,137		19,826		15,186
States and political subdivisions		2,190		2,259		2,282		2,146		2,070
Non-agency mortgage-backed securities		1,411		1,475		1,543		1,583		1,615
Other securities		822		791		937		982		1,068
Trading securities		518		478		448		539		525
Covered securities		586		-		-		-		-
Total securities		32,599		30,468		31,427		26,573		24,083

Other earning assets		1,243		1,111		1,180		1,347		975
Loans and leases
Commercial loans and leases		49,916		50,342		50,630		49,428		48,125
Direct retail loans		14,507		14,785		15,263		15,501		15,595
Sales finance loans		6,528		6,302		6,342		6,352		6,292
Revolving credit loans		1,886		1,802		1,767		1,737		1,688
Mortgage loans		15,515		16,002		16,759		17,198		17,279
Specialized lending		7,542		6,985		6,490		5,781		5,648
Other acquired loans		75		-		-		-		-
Total loans and leases held for investment (excluding
covered loans)		95,969		96,218		97,251		95,997		94,627
Covered loans		4,380		-		-		-		-
Total loans and leases held for investment		100,349		96,218		97,251		95,997		94,627

Loans held for sale		2,985		3,359		2,473		1,227		1,316
Total loans and leases		103,334		99,577		99,724		97,224		95,943

Total earning assets		137,176		131,156		132,331		125,144		121,001

Non-earning assets		20,275		17,340		17,545		16,411		15,932
Total assets	$	157,451	$	148,496	$	149,876	$	141,555	$	136,933

Liabilities and Shareholders' Equity
Deposits
Noninterest-bearing deposits	$	17,389	$	15,443	$	13,828	$	13,298	$	13,181
Interest checking		2,762		2,670		2,461		2,270		2,369
Other client deposits		47,046		41,926		40,701		38,791		38,369
Client certificates of deposit		29,152		25,888		27,143		27,509		26,317
Total client deposits		96,349		85,927		84,133		81,868		80,236
Other interest-bearing deposits		10,961		8,458		9,801		10,118		9,785
Total deposits		107,310		94,385		93,934		91,986		90,021

Fed funds purchased, repos and other borrowings		9,964		14,732		16,804		12,296		8,915
Long-term debt		19,867		17,755		17,436		17,700		20,770
Other liabilities		4,773		4,941		5,296		4,606		4,051
Total liabilities		141,914		131,813		133,470		126,588		123,757

Shareholders' equity		15,537		16,683		16,406		14,967		13,176

Total liabilities and shareholders' equity	$	157,451	$	148,496	$	149,876	$	141,555	$	136,933

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BB&T Corporation Average Balances and Rates - Quarters (Dollars in millions)


		Quarter Ended
		September 30, 2009						June 30, 2009
				Interest						Interest
		Average		Income/	Yields/		Average			Income/	Yields/
		Balances (1)		Expense	Rates (2)		Balances (1)			Expense	Rates (2)

Assets
Securities, at amortized cost
U.S. government-sponsored entities (GSE)	$	1,180	$	12	3.77	%	$	1,170	$	11	4.02	%
Mortgage-backed securities issued by GSE		25,892		256	3.97			24,295		246	4.04
States and political subdivisions		2,190		31	5.52			2,259		32	5.76
Non-agency mortgage-backed securities		1,411		20	5.81			1,475		22	5.83
Other securities		822		3	1.33			791		3	1.46
Trading securities		518		1	1.48			478		3	2.27
Covered securities		586		17	11.46			-		-	-
Total securities		32,599		340	4.18			30,468		317	4.16

Other earning assets		1,243		2	.51			1,111		2	.74
Loans and leases
Commercial loans and leases		49,916		540	4.29			50,342		534	4.25
Direct retail loans		14,507		199	5.43			14,785		200	5.44
Sales finance loans		6,528		107	6.49			6,302		102	6.45
Revolving credit loans		1,886		45	9.44			1,802		43	9.45
Mortgage loans		15,515		222	5.72			16,002		230	5.75
Specialized lending		7,542		211	11.15			6,985		203	11.64
Other acquired loans		75		2	10.46			-		-	-
Total loans and leases held for investment (excluding
covered loans)		95,969		1,326	5.49			96,218		1,312	5.46
Covered loans		4,380		71	6.45			-		-	-
Total loans and leases held for investment		100,349		1,397	5.53			96,218		1,312	5.46
Loans held for sale		2,985		37	4.94			3,359		39	4.70
Total loans and leases		103,334		1,434	5.52			99,577		1,351	5.44

Total earning assets		137,176		1,776	5.15			131,156		1,670	5.10

Non-earning assets		20,275						17,340
Total assets	$	157,451					$	148,496

Liabilities and Shareholders' Equity
Interest-bearing liabilities
Interest checking	$	2,762		3	.42		$	2,670		2	.34
Other client deposits		47,046		102	.86			41,926		93	.89
Client certificates of deposit		29,152		177	2.41			25,888		196	3.03
Other interest-bearing deposits		10,961		29	1.05			8,458		29	1.37
Total interest-bearing deposits		89,921		311	1.37			78,942		320	1.63

Fed funds purchased, repos and other borrowings		9,964		12	.48			14,732		19	.52
Long-term debt		19,867		186	3.73			17,755		164	3.70
Total interest-bearing liabilities		119,752		509	1.69			111,429		503	1.81

Noninterest-bearing deposits		17,389						15,443
Other liabilities		4,773						4,941
Shareholders' equity		15,537						16,683
Total liabilities and shareholders' equity	$	157,451					$	148,496


Average interest-rate spread					3.46						3.29

Net interest income/ net interest margin			$	1,267	3.68	%			$	1,167	3.56	%

Taxable-equivalent adjustment			$	30					$	29


(1	)	Excludes basis adjustments for fair value hedges.
(2	)	Yields are on a fully taxable-equivalent basis.

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BB&T Corporation Average Balances and Rates - Quarters (Dollars in millions)


		Quarter Ended
		March 31, 2009						December 31, 2008						September 30, 2008
				Interest						Interest						Interest
		Average		Income/	Yields/			Average		Income/	Yields/			Average		Income/	Yields/
		Balances (1)		Expense	Rates (2)			Balances (1)		Expense	Rates (2)			Balances (1)		Expense	Rates (2)

Assets
Securities, at amortized cost
U.S. government-sponsored entities (GSE)	$	1,080	$	12	4.31	%	$	1,497	$	17	4.34	%	$	3,619	$	46	5.08	%
Mortgage-backed securities issued by GSE		25,137		295	4.69			19,826		248	5.01			15,186		186	4.89
States and political subdivisions		2,282		34	5.94			2,146		34	6.48			2,070		33	6.40
Non-agency mortgage-backed securities		1,543		22	5.83			1,583		23	5.81			1,615		23	5.82
Other securities		937		5	2.30			982		7	2.94			1,068		11	3.88
Trading securities		448		3	2.51			539		3	2.19			525		4	2.99
Covered securities		-		-	-			-		-	-			-		-	-
Total securities		31,427		371	4.73			26,573		332	5.00			24,083		303	5.03

Other earning assets		1,180		2	.74			1,347		4	1.33			975		7	2.61
Loans and leases
Commercial loans and leases		50,630		511	4.09			49,428		574	4.61			48,125		656	5.42
Direct retail loans		15,263		212	5.62			15,501		239	6.11			15,595		248	6.35
Sales finance loans		6,342		101	6.48			6,352		106	6.61			6,292		104	6.57
Revolving credit loans		1,767		43	9.89			1,737		46	10.49			1,688		45	10.72
Mortgage loans		16,759		246	5.88			17,198		255	5.95			17,279		259	6.00
Specialized lending		6,490		193	12.00			5,781		182	12.56			5,648		179	12.63
Other acquired loans		-		-	-			-		-	-			-		-	-
Total loans and leases held for investment (excluding
covered loans)		97,251		1,306	5.43			95,997		1,402	5.81			94,627		1,491	6.28
Covered loans		-		-	-			-		-	-			-		-	-
Total loans and leases held for investment		97,251		1,306	5.43			95,997		1,402	5.81			94,627		1,491	6.28
Loans held for sale		2,473		30	4.77			1,227		19	6.04			1,316		20	6.09
Total loans and leases		99,724		1,336	5.41			97,224		1,421	5.82			95,943		1,511	6.28


Total earning assets		132,331		1,709	5.21			125,144		1,757	5.59			121,001		1,821	6.00

Non-earning assets		17,545						16,411						15,932
Total assets	$	149,876					$	141,555					$	136,933

Liabilities and Shareholders' Equity
Interest-bearing liabilities
Interest checking	$	2,461		2	.35		$	2,270		4	.74		$	2,369		8	1.32
Other client deposits		40,701		97	.97			38,791		137	1.41			38,369		157	1.62
Client certificates of deposit		27,143		209	3.13			27,509		227	3.28			26,317		220	3.33
Other interest-bearing deposits		9,801		38	1.55			10,118		55	2.13			9,785		64	2.61
Total interest-bearing deposits		80,106		346	1.75			78,688		423	2.14			76,840		449	2.32

Fed funds purchased, repos and other borrowings		16,804		24	.59			12,296		45	1.47			8,915		55	2.44
Long-term debt		17,436		165	3.81			17,700		201	4.52			20,770		208	4.00
Total interest-bearing liabilities		114,346		535	1.90			108,684		669	2.45			106,525		712	2.66

Noninterest-bearing deposits		13,828						13,298						13,181
Other liabilities		5,296						4,606						4,051
Shareholders' equity		16,406						14,967						13,176
Total liabilities and shareholders' equity	$	149,876					$	141,555					$	136,933


Average interest-rate spread					3.31						3.14						3.34

Net interest income/ net interest margin (3)			$	1,174	3.57	%			$	1,088	3.47	%			$	1,109	3.66	%

Taxable-equivalent adjustment			$	28					$	23					$	21


(1	)	Excludes basis adjustments for fair value hedges.
(2	)	Yields are on a fully taxable-equivalent basis.
(3	)	The net interest margin for the fourth quarter of 2008 was 3.68% excluding the $67 million charge related to the leveraged lease settlement.

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BB&T Corporation Average Balances and Rates - Year-To-Date (Dollars in millions)


		Year-to-Date
		September 30, 2009						September 30, 2008
				Interest						Interest
		Average		Income/	Yields/			Average		Income/	Yields/
		Balances (1)		Expense	Rates (2)			Balances (1)		Expense	Rates (2)

Assets
Securities, at amortized cost
U.S. government-sponsored entities (GSE)	$	1,144	$	35	4.02	%	$	5,560	$	204	4.90	%
Mortgage-backed securities issued by GSE		25,111		797	4.23			12,990		479	4.92
States and political subdivisions		2,243		97	5.75			1,739		82	6.26
Non-agency mortgage-backed securities		1,477		64	5.82			1,661		72	5.81
Other securities		849		11	1.73			1,190		47	5.21
Trading securities		482		7	2.06			660		21	4.24
Covered securities		197		17	11.33			-		-	-
Total securities		31,503		1,028	4.35			23,800		905	5.07

Other earning assets		1,177		6	.66			1,096		24	2.88
Loans and leases
Commercial loans and leases		50,294		1,585	4.21			46,929		2,043	5.81
Direct retail loans		14,849		611	5.50			15,606		769	6.59
Sales finance loans		6,391		310	6.47			6,171		306	6.63
Revolving credit loans		1,819		131	9.59			1,639		136	11.11
Mortgage loans		16,088		698	5.79			17,371		784	6.02
Specialized lending		7,009		607	11.57			5,417		528	13.01
Other acquired loans		25		2	10.46			-		-	-
Total loans and leases held for investment (excluding
covered loans)		96,475		3,944	5.46			93,133		4,566	6.55
Covered loans		1,476		71	6.45			-		-	-
Total loans and leases held for investment		97,951		4,015	5.48			93,133		4,566	6.55
Loans held for sale		2,941		106	4.80			1,381		61	5.89
Total loans and leases		100,892		4,121	5.46			94,514		4,627	6.54

Total earning assets		133,572		5,155	5.15			119,410		5,556	6.21

Non-earning assets		18,397						15,901
Total assets	$	151,969					$	135,311

Liabilities and Shareholders' Equity
Interest-bearing liabilities
Interest checking	$	2,632		7	.37		$	2,412		24	1.33
Other client deposits		43,248		292	.90			35,965		475	1.76
Client certificates of deposit		27,402		582	2.84			26,707		758	3.79
Other interest-bearing deposits		9,744		96	1.31			9,707		211	2.91
Total interest-bearing deposits		83,026		977	1.57			74,791		1,468	2.62

Fed funds purchased, repos and other borrowings		13,808		55	.54			10,004		213	2.84
Long-term debt		18,362		515	3.74			20,557		642	4.17
Total interest-bearing liabilities		115,196		1,547	1.79			105,352		2,323	2.94

Noninterest-bearing deposits		15,566						12,981
Other liabilities		5,001						3,926
Shareholders' equity		16,206						13,052
Total liabilities and shareholders' equity	$	151,969					$	135,311


Average interest-rate spread					3.36						3.27

Net interest income/ net interest margin			$	3,608	3.61				$	3,233	3.61

Taxable-equivalent adjustment			$	87					$	60


(1	)	Excludes basis adjustments for fair value hedges.
(2	)	Yields are on a fully taxable-equivalent basis.

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BB&T Corporation Credit Quality (Dollars in millions)


		As of/For the Quarter Ended
		Sept. 30			June 30		March 31				Dec. 31			Sept. 30
		2009			2009		2009				2008			2008

Nonperforming assets (1)
Nonaccrual loans and leases
Commercial loans and leases	$	1,610		$	1,252		$	1,028		$	845		$	722
Direct retail loans		187			144			120			89			76
Sales finance loans		7			6			7			7			6
Mortgage loans		666			595			481			375			298
Specialized lending		103			94			91			97			94
Total nonaccrual loans and leases		2,573			2,091			1,727			1,413			1,196
Foreclosed real estate		1,326			1,201			958			538			382
Other foreclosed property		53			48			65			79			60
Total nonperforming assets (excluding covered assets)		3,952			3,340			2,750			2,030			1,638
Covered foreclosed real estate		151			-			-			-			-
Total nonperforming assets	$	4,103		$	3,340		$	2,750		$	2,030		$	1,638

Loans 90 days or more past due and still accruing (2)
Commercial loans and leases	$	13		$	4		$	7		$	86		$	39
Direct retail loans		79			87			127			117			88
Sales finance loans		24			22			28			26			19
Revolving credit loans		23			24			25			23			17
Mortgage loans		172			179			180			165			123
Specialized lending		10			13			14			14			11
Other acquired loans		2			-			-			-			-
Total loans 90 days past due and still accruing (excluding covered
loans) (3)	$	323		$	329		$	381		$	431		$	297

Loans 30-89 days past due (2)
Commercial loans and leases	$	365		$	422		$	507		$	594		$	355
Direct retail loans		205			191			256			270			200
Sales finance loans		127			111			111			146			119
Revolving credit loans		32			29			32			34			29
Mortgage loans		664			681			706			690			582
Specialized lending		298			269			221			313			294
Other acquired loans		1			-			-			-			-

Total loans 30-89 days past due (excluding covered loans) (3)	$	1,692		$	1,703		$	1,833		$	2,047		$	1,579

Allowance for credit losses
Beginning balance	$	2,145		$	1,895		$	1,607		$	1,393		$	1,273
Other changes		70			-			-			-			(2	)
Provision for credit losses		709			701			676			528			364
Charge-offs
Commercial loans and leases		(204	)		(134	)		(144	)		(123	)		(87	)
Direct retail loans		(68	)		(134	)		(68	)		(49	)		(41	)
Sales finance loans		(14	)		(19	)		(22	)		(18	)		(15	)
Revolving credit loans		(32	)		(33	)		(30	)		(23	)		(20	)
Mortgage loans		(77	)		(78	)		(49	)		(45	)		(33	)
Specialized lending		(73	)		(74	)		(92	)		(76	)		(61	)
Total charge-offs		(468	)		(472	)		(405	)		(334	)		(257	)

Recoveries
Commercial loans and leases		5			4			3			7			3
Direct retail loans		4			4			4			3			3
Sales finance loans		3			2			2			1			2
Revolving credit loans		3			3			3			3			2
Mortgage loans		2			1			-			1			-
Specialized lending		5			7			5			5			5
Total recoveries		22			21			17			20			15
Net charge-offs		(446	)		(451	)		(388	)		(314	)		(242	)
Ending balance	$	2,478		$	2,145		$	1,895		$	1,607		$	1,393

Allowance for credit losses
Allowance for loan and lease losses		2,379			2,110			1,869			1,574			1,377
Reserve for unfunded lending commitments		99			35			26			33			16
Total	$	2,478		$	2,145		$	1,895		$	1,607		$	1,393


(1	)	Covered and other acquired loans are considered to be performing due to the application of the accretion method under SOP 03-3.
		Covered loans that are contractually past due are noted in footnote 3 below.
(2	)	Excludes mortgage loans guaranteed by GNMA that BB&T does not have the obligation to repurchase.
(3	)	Excludes loans totaling $564 million (past due 30-89 days) and $945 million (past due 90 days or more) at September 30, 2009 that
		are covered by FDIC loss sharing agreement.

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BB&T Corporation Credit Quality (Dollars in millions)


	As of/For the Quarter Ended
	Sept. 30		June 30		March 31		Dec. 31			Sept. 30
	2009		2009		2009		2008			2008

Asset Quality Ratios (including covered loans and foreclosed property)
Loans 30-89 days past due and still accruing as a
percentage of total loans and leases (1)	2.11	%	1.70	%	1.83	%	2.07	%			1.63	%
Loans 90 days or more past due and still accruing
as a percentage of total loans and leases (1)	1.18		.33		.38		.44				.31
Nonperforming loans and leases as a
percentage of total loans and leases	2.40		2.08		1.72		1.43				1.24
Nonperforming assets as a percentage of:
Total assets	2.48		2.19		1.92		1.34				1.20
Loans and leases plus foreclosed property	3.78		3.29		2.72		2.04				1.69
Net charge-offs as a percentage of average loans and leases	1.71		1.81		1.58		1.29				1.00
Allowance for loan and lease losses as a percentage of
loans and leases held for investment	2.29		2.19		1.94		1.62				1.45
Ratio of allowance for loan and lease losses to:
Net charge-offs	1.35	X	1.17	X	1.19	X	1.26		X		1.43	X
Nonperforming loans and leases	.92		1.01		1.08		1.11				1.15

Asset Quality Ratios (excluding covered loans and foreclosed property)
Loans 30-89 days past due and still accruing as a
percentage of total loans and leases (1)	1.71	%	1.70	%	1.83	%	2.07	%			1.63	%
Loans 90 days or more past due and still accruing
as a percentage of total loans and leases (1)	.33		.33		.38		.44				.31
Nonperforming loans and leases as a
percentage of total loans and leases	2.61		2.08		1.72		1.43				1.24
Nonperforming assets as a percentage of:
Total assets	2.52		2.19		1.92		1.34				1.20
Loans and leases plus foreclosed property	3.95		3.29		2.72		2.04				1.69
Net charge-offs as a percentage of average loans and leases	1.79		1.81		1.58		1.29				1.00
Allowance for loan and lease losses as a percentage of
loans and leases held for investment	2.49		2.19		1.94		1.62				1.45


							As of/For the
							Nine Months Ended
							September 30,
							2009			2008

Allowance for credit losses
Beginning balance						$	1,607			$	1,015
Other changes							70				(2	)
Provision for credit losses							2,086				917
Charge-offs
Commercial loans and leases							(482	)			(153	)
Direct retail loans							(270	)			(107	)
Sales finance loans							(55	)			(41	)
Revolving credit loans							(95	)			(56	)
Mortgage loans							(204	)			(51	)
Specialized lending							(239	)			(175	)
Total charge-offs							(1,345	)			(583	)

Recoveries
Commercial loans and leases							12				9
Direct retail loans							12				9
Sales finance loans							7				6
Revolving credit loans							9				8
Mortgage loans							3				-
Specialized lending							17				14
Total recoveries							60				46
Net charge-offs							(1,285	)			(537	)
Ending balance						$	2,478			$	1,393

Allowance for credit losses
Allowance for loan and lease losses						$	2,379			$	1,377
Reserve for unfunded lending commitments							99				16
Total						$	2,478			$	1,393

Asset Quality Ratios
Net charge-offs as a percentage of average loans and leases							1.70	%			.76	%
Net charge-offs as a percentage of average loans and leases (excluding covered loans)							1.73				.76
Ratio of allowance for loan and lease losses to net charge-offs							1.39	X			1.92	X

(1) Excludes mortgage loans guaranteed by GNMA that BB&T does not have the obligation to repurchase.

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BB&T Corporation Credit Quality - Supplemental Schedules (Dollars in millions, except average loan and average client size)


SUPPLEMENTAL COMMERCIAL REAL ESTATE LOAN PORTFOLIO INFORMATION (1)

RESIDENTIAL ACQUISITION, DEVELOPMENT, AND CONSTRUCTION LOANS (ADC)

						As of / For the Period Ended September 30, 2009
					Builder /		Land / Land				Condos /
					Construction		Development				Townhomes			Total ADC
Total loans outstanding					$	1,898	$	4,004		$	433		$	6,335

Average loan size (in thousands)						264		585			1,472			442
Average client size (in thousands)						627		1,072			2,764			915

Nonaccrual loans and leases as a percentage of category						13.78		11.33			11.55			12.08
Gross charge-offs as a percentage of category - YTD						4.70		5.87			2.28			5.23
Gross charge-offs as a percentage of category - QTD						5.73		7.13			1.44			6.35


		As of / For the Period Ended September 30, 2009
											Gross Charge-			Gross Charge-
											Offs as a			Offs as a
RESIDENTIAL ACQUISITION, DEVELOPMENT, AND						Nonaccrual	Nonaccrual as				Percentage of			Percentage of
CONSTRUCTION LOANS (ADC) BY STATE OF	Total		Percentage of			Loans and	a Percentage of				Outstandings -			Outstandings -
ORIGINATION	Outstandings		Total			Leases	Outstandings				YTD			QTD
North Carolina	$	2,489	39.3	%	$	180		7.23	%		1.80	%		1.87	%
Virginia		1,008	15.9			72		7.12			3.92			3.59
Georgia		867	13.7			193		22.34			12.69			14.60
South Carolina		595	9.4			87		14.63			5.19			11.68
Florida		556	8.8			128		23.08			11.33			11.47
Washington, D.C.		211	3.3			41		19.30			1.46			2.87
Tennessee		191	3.0			15		7.80			3.75			5.35
Kentucky		190	3.0			22		11.42			3.91			9.19
West Virginia		140	2.2			24		17.53			5.66			13.44
Maryland		88	1.4			3		3.19			.93			3.04
Total	$	6,335	100.0	%	$	765		12.08	%		5.23	%		6.35	%



OTHER COMMERCIAL REAL ESTATE LOANS (2)
						As of / For the Period Ended September 30, 2009
											Permanent
							Commercial				Income			Total Other
					Commercial		Land/				Producing			Commercial
					Construction		Development				Properties			Real Estate
Total loans outstanding					$	1,168	$	2,189		$	9,120		$	12,477

Average loan size (in thousands)						1,095		744			480			543
Average client size (in thousands)						1,578		894			723			788

Nonaccrual loans and leases as a percentage of category						.77		5.44			1.81			2.35
Gross charge-offs as a percentage of category - YTD						.14		1.37			.48			.61
Gross charge-offs as a percentage of category - QTD						.29		2.49			.69			1.00


		As of / For the Period Ended September 30, 2009
											Gross Charge-			Gross Charge-
											Offs as a			Offs as a
						Nonaccrual	Nonaccrual as				Percentage of			Percentage of
OTHER COMMERCIAL REAL ESTATE LOANS BY STATE OF	Total		Percentage of			Loans and	a Percentage of				Outstandings -			Outstandings -
ORIGINATION (2)	Outstandings		Total			Leases	Outstandings				YTD			QTD
North Carolina	$	3,772	30.2	%	$	50		1.32	%		.28	%		.58	%
Georgia		2,252	18.0			100		4.46			1.11			1.66
Virginia		1,847	14.8			27		1.45			.04			.10
South Carolina		990	7.9			21		2.09			.51			.89
Florida		947	7.6			61		6.42			2.23			2.70
Washington, D.C.		706	5.7			4		.51			.44			1.28
Maryland		510	4.1			1		.22			.06			.19
West Virginia		474	3.8			6		1.29			.19			.02
Kentucky		447	3.6			9		2.12			1.38			2.65
Tennessee		411	3.3			14		3.49			.78			1.57
Other		121	1.0			-		-			-			-
Total	$	12,477	100.0	%	$	293		2.35	%		.61	%		1.00	%


NOTES:	(1) Commercial real estate loans (CRE) are defined as loans to finance non-owner occupied real property where the primary repayment source is the sale or rental/lease
	of the real property. Definition is based on internal classification. Excludes covered loans and in process items.
	(2) C&I loans secured by real property are excluded.

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BB&T Corporation Credit Quality - Supplemental Schedules (Dollars in millions, except average loan size)


SUPPLEMENTAL RESIDENTIAL MORTGAGE PORTFOLIO INFORMATION (1)


		As of / For the Period Ended September 30, 2009
						Construction/
RESIDENTIAL MORTGAGE LOANS		Prime			ALT-A	Permanent				Subprime (2)			Total

Total loans outstanding	$	11,422		$	2,791	$	937		$	597		$	15,747

Average loan size (in thousands)		195			329		336			67			200
Average refreshed credit score (3)		717			713		720			578			711

Percentage that are first mortgages		99.7			99.7		99.0			82.8			99.0
Average loan to value at origination		75.9			67.2		75.0			74.9			74.2

Nonaccrual loans and leases as a percentage of category		2.89			7.68		8.15			9.83			4.31
Gross charge-offs as a percentage of category - YTD		1.06			2.73		4.16			4.08			1.72
Gross charge-offs as a percentage of category - QTD		1.05			3.43		7.03			4.55			2.00



		As of / For the Period Ended September 30, 2009
										Gross Charge-			Gross Charge-
										Offs as a			Offs as a
	Total Residential					Nonaccrual as				Percentage of			Percentage of
	Mortgages				Percentage of	a Percentage				Outstandings -			Outstandings -
RESIDENTIAL MORTGAGE LOANS BY STATE	Outstanding				Total	of Outstandings				YTD			QTD
North Carolina	$	3,842			24.4	%	2.27	%		.59	%		.80	%
Virginia		3,096			19.7		2.76			1.35			1.64
Florida		2,383			15.1		10.62			5.41			6.05
Maryland		1,628			10.3		2.99			.70			.78
Georgia		1,489			9.5		5.44			2.06			2.36
South Carolina		1,459			9.3		4.70			1.30			1.74
West Virginia		337			2.1		1.41			.47			.17
Kentucky		350			2.2		1.11			.33			.30
Tennessee		247			1.6		3.00			.79			1.29
Washington, D.C.		183			1.2		2.04			.30			.52
Other		733			4.6		4.85			1.39			1.27
Total	$	15,747			100.0	%	4.31	%		1.72	%		2.00	%

SUPPLEMENTAL DIRECT RETAIL 1-4 FAMILY AND LOT/LAND REAL ESTATE PORTFOLIO INFORMATION (4)

				As of / For the Period Ended September 30, 2009

			Residential				Home Equity			Home Equity
DIRECT RETAIL 1-4 FAMILY AND LOT/LAND REAL ESTATE LOANS & LINES			Lot/Land Loans				Loans			Lines			Total

Total loans outstanding				$	1,814	$	6,090		$	5,639		$	13,543

Average loan size (in thousands) (5)					67		43			36			42
Average refreshed credit score (6)					722		720			760			743

Percentage that are first mortgages					99.8		72.7			26.0			56.9
Average loan to value at origination					80.9		64.5			65.3			66.2

Nonaccrual loans and leases as a percentage of category					5.27		1.04			.43			1.35
Gross charge-offs as a percentage of category - YTD					7.35		1.33			1.45			2.25
Gross charge-offs as a percentage of category - QTD					2.52		1.48			1.51			1.63


		As of / For the Period Ended September 30, 2009
	Total Direct
	Retail 1-4 Family									Gross Charge-			Gross Charge-
	and Lot/Land									Offs as a			Offs as a
	Real Estate					Nonaccrual as				Percentage of			Percentage of
DIRECT RETAIL 1-4 FAMILY AND LOT/LAND REAL ESTATE	Loans and Lines				Percentage of	a Percentage				Outstandings -			Outstandings -
LOANS AND LINES BY STATE OF ORIGINATION	Outstanding				Total	of Outstandings				YTD			QTD
North Carolina	$	4,667			34.4	%	1.46	%		1.95	%		1.19	%
Virginia		3,055			22.5		.63			1.46			1.29
South Carolina		1,310			9.7		2.09			2.38			1.24
Georgia		1,104			8.2		2.06			3.72			2.78
Maryland		835			6.2		.57			1.58			1.37
West Virginia		825			6.1		.97			.94			.37
Florida		674			5.0		2.48			7.68			7.73
Kentucky		578			4.3		1.01			.54			.27
Tennessee		390			2.9		2.12			4.52			2.27
Washington, D.C.		85			.6		1.71			3.30			2.52
Other		20			.1		1.25			.44			(.71	)
Total	$	13,543			100.0	%	1.35	%		2.25	%		1.63	%


NOTES:	(1) Excludes mortgage loans held for sale, covered loans, mortgage loans guaranteed by GNMA that BB&T does not have the obligation to repurchase and in process items.
	(2) Includes $371 million in loans originated by Lendmark Financial Services, which are disclosed as a part of the specialized lending category.
	(3) Weighted based on outstanding balance.
	(4) Direct retail 1-4 family and lot/land real estate loans are originated through the BB&T branching network. Excludes covered loans and in process items.
	(5) Home equity lines without an outstanding balance are excluded from this calculation.
	(6) Based on number of accounts.

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BB&T Corporation Capital Information - Five Quarter Trend (Dollars in millions, except per share data)


	As of / Quarter Ended
	Sept. 30				June 30			March 31			Dec. 31			Sept. 30
	2009				2009			2009			2008			2008

Selected Capital Information (1)
Risk-based capital
Tier 1	$	12,851		$	12,132		$	13,494		$	13,446		$	10,008
Total		18,038			17,361			19,048			19,109			15,318
Risk-weighted assets (2)		115,662			114,173			111,620			109,757			106,097
Average quarterly tangible assets		150,992			143,011			144,281			136,325			131,469
Risk-based capital ratios
Tier 1		11.1	%		10.6	%		12.1	%		12.3	%		9.4	%
Total		15.6			15.2			17.1			17.4			14.4
Leverage capital ratio		8.5			8.5			9.4			9.9			7.6
Equity as a percentage of total assets		9.8			9.7			11.3			10.6			9.5
Book value per common share	$	23.41		$	22.76		$	23.29		$	23.16		$	23.42

Selected Non-GAAP Capital Information (3)
Tangible common equity as a percentage of tangible assets		6.1	%		6.5	%		5.6	%		5.3	%		5.8	%
Tier 1 common equity as a percentage of risk-weighted assets		8.4			8.4			7.0			7.1			7.2

Tangible book value per common share	$	14.10		$	14.74		$	13.93		$	13.87		$	13.81



Calculations of Tier 1 common equity and tangible assets and related measures:


Tier 1 equity	$	12,851		$	12,132		$	13,494		$	13,446		$	10,008
Less:
Preferred stock		-			-			3,085			3,082			-
Qualifying restricted core capital elements		3,157			2,578			2,601			2,607			2,383
Tier 1 common equity		9,694			9,554			7,808			7,757			7,625

Total assets	$	165,328		$	152,398		$	143,425		$	152,015		$	137,041
Less:
Intangible assets, net of deferred taxes (4)		6,695			5,851			5,868			5,873			5,847
Plus:
Pre-tax regulatory adjustments for accumulated OCI		712			1,315			1,165			1,220			741
Tangible assets		159,345			147,862			138,722			147,362			131,935

Total risk-weighted assets (2)		115,662			114,173			111,620			109,757			106,097

Tangible common equity as a percentage of tangible assets		6.1	%		6.5		%	5.6	%		5.3	%		5.8	%
Tier 1 common equity as a percentage of risk-weighted assets		8.4			8.4			7.0			7.1			7.2


Tier 1 common equity	$	9,694		$	9,554		$	7,808		$	7,757		$	7,625

Outstanding shares at end of period		687,446			648,068			560,563			559,248			552,259

Tangible book value per common share	$	14.10		$	14.74		$	13.93		$	13.87		$	13.81


(1)	Current quarter regulatory capital information is preliminary.
(2)	Risk-weighted assets are determined based on regulatory capital requirements. Under the regulatory framework for determining risk-weighted assets each asset class is assigned a risk-weighting of 0%, 20%, 50% or 100% based on the underlying risk of the specific asset class. In addition, off balance sheet exposures are first converted to a balance sheet equivalent amount and subsequently assigned to one of the four risk-weightings.
(3)	Tangible common equity and Tier 1 common equity ratios are Non-GAAP measures. BB&T uses the Tier 1 common equity definition used in the SCAP assessment to calculate these ratios. BB&T's management uses these measures to assess the quality of capital and believes that investors may find them useful in their analysis of the Corporation. These capital measures are not necessarily comparable to similar capital measures that may be presented by other companies.
(4)	Prior to December 2008, BB&T had a net deferred tax liability.

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BB&T Corporation Selected Growth Rates Adjusted for Purchase Acquisitions and Selected Items


	Percentage Increase (Decrease)
	QTD		Link QTD		YTD
PERCENTAGE CHANGES IN SELECTED BALANCE SHEET ITEMS (1)	3Q09 vs. 3Q08		3Q09 vs. 2Q09		2009 vs. 2008

Average Balances

Commercial loans and leases (2)	4.5	%	(2.9	) %	8.1	%
Direct retail loans	(7.0	)	(7.5	)	(4.9	)
Sales finance loans	0.3		1.3		2.2
Revolving credit loans	11.5		17.8		10.9
Mortgage loans	(10.2	)	(12.2	)	(7.4	)
Specialized lending	11.8		31.6		9.0
Other acquired loans	-		-		-
Total loans and leases held for investment (excluding covered loans) (2)	0.3		(2.0	)	2.8
Covered loans	-		-		-
Total loans and leases held for investment (2)	0.3		(1.8	)	2.6
Loans held for sale	69.0		(65.5	)	70.9

Total loans and leases (2)	1.6		(4.2	)	3.9


Noninterest-bearing deposits	17.8		12.4		13.5
Interest checking	14.2		7.3		8.2
Other client deposits	14.4		23.0		15.8
Client certificates of deposit	(5.6	)	(16.0	)	(2.9	)
Total client deposits	7.6		7.4		8.1
Other interest-bearing deposits	10.5		110.2		(0.1	)

Total deposits	7.9		15.3		7.4

	Percentage Increase (Decrease)
	QTD		Link QTD		YTD
PERCENTAGE CHANGES IN SELECTED INCOME STATEMENT ITEMS (1)(3)	3Q09 vs. 3Q08		3Q09 vs. 2Q09		2009 vs. 2008

Net interest income - taxable equivalent	5.2	%	6.6	%	6.9	%

Noninterest income
Insurance income	(2.7	)	(39.4	)	(0.4	)
Service charges on deposits	(2.6	)	8.6		(1.3	)
Investment banking and brokerage fees	4.7		(21.1	)	1.5
Mortgage banking income	103.1		(81.3	)	158.7
Checkcard fees	7.0		-		6.0
Other nondeposit fees and commissions	22.0		43.3		17.1
Trust and investment advisory revenues	(2.7	)	36.1		(12.2	)
Bankcard fees and merchant discounts	10.8		20.3		1.8
Income from Bank-Owned Life Insurance	-		(15.9	)	16.1
Other income	116.7		(177.3	)	50.0

Total noninterest income	11.1		(29.8	)	13.9

Noninterest expense

Personnel expense	8.1		(3.0	)	5.7
Occupancy and equipment expense	1.9		9.9		2.1
Other noninterest expense	33.3		58.7		22.2

Total noninterest expense	15.5		20.0		10.4


(1	)	Adjusted to exclude estimated growth that resulted from the timing of acquisitions during 2009 and 2008.
(2	)	Adjusted for the sale of leveraged lease investments.
(3	)	Excludes securities gains or losses, merger-related and restructuring charges, the net impact of valuation adjustments for mortgage servicing rights, gains or losses on mortgage servicing rights-related derivatives and other selected items as noted on page 20 of this supplement.
		NM - not meaningful.

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BB&T Corporation Selected Items & Additional Information (Dollars in millions, except per share data)


			Favorable (Unfavorable)
Selected Items			Pre-Tax			After-Tax
Third Quarter 2009
Contingency reserve	Other noninterest expense	$	(25	)	$	(15	)
Leveraged lease tax adjustment	Provision for income tax		12			12

Second Quarter 2009
Accelerated amortization on preferred stock	Dividends and accretion on preferred stock		(47	)		(47	)
FDIC special assessment	Regulatory charges		(71	)		(44	)
Gain from extinguishment of debt	Other noninterest expense		36			22

First Quarter 2009
Other-than-temporary impairment charges	Securities gains (losses), net		(36	)		(22	)
Severance expense	Merger-related and restructuring charges, net		(11	)		(7	)

Fourth Quarter 2008
Leveraged lease settlement	Net interest income		(67	)		(43	)
Leveraged lease settlement	Provision for income tax		60			60
Other-than-temporary impairment charges	Securities gains (losses), net		(63	)		(39	)

Third Quarter 2008
Other-than-temporary impairment charges	Securities gains (losses), net		(41	)		(26	)

Year-to-Date 2009 (1)
Accelerated amortization on preferred stock	Dividends and accretion on preferred stock		(47	)		(47	)
Contingency reserve	Other noninterest expense		(25	)		(15	)
FDIC special assessment	Regulatory charges		(68	)		(42	)
Gain from extinguishment of debt	Other noninterest expense		41			25
Leveraged lease tax adjustment	Provision for income tax		12			12
Other-than-temporary impairment charges	Securities gains (losses), net		(40	)		(24	)
Severance expense	Merger-related and restructuring charges, net		(11	)		(7	)

Year-to-Date 2008 (1)
Gain from extinguishment of debt	Other noninterest expense		37			22
Gain from sale of Visa IPO and sale of stock	Other noninterest income		80			51
Implementation of fair value accounting standards	Other noninterest income		(6	)		(4	)
Implementation of fair value accounting standards	Mortgage banking income		23			14
Other-than-temporary impairment charges	Securities gains (losses), net		(41	)		(24	)
Reversal of Accrual for Visa settlement	Other noninterest expense		14			9
Valuation charge for bank-owned life insurance	Other noninterest income		(15	)		(15	)
(1) Includes amounts from quarters that were deemed immaterial for separate disclosure.


		As of / Quarter Ended
		Sept. 30			June 30			March 31			Dec. 31			Sept. 30
		2009			2009			2009			2008			2008

Selected Mortgage Banking Information
Income statement impact of mortgage servicing rights valuation
MSRs fair value (decrease) increase	$	(59	)	$	137		$	(46	)	$	(247	)	$	(41	)
MSRs hedge gains (losses)		72			(114	)		74			273			65
Net	$	13		$	23		$	28		$	26		$	24

Residential mortgage loan originations	$	6,899		$	8,543		$	7,414		$	3,581		$	3,743

Residential mortgage servicing portfolio
Loans serviced for others		52,188			47,037			42,923			41,250			39,292
Bank-owned loans serviced		18,782			19,504			19,990			18,434			18,411
Total servicing portfolio		70,970			66,541			62,913			59,684			57,703

Weighted-average coupon rate		5.62	%		5.74	%		5.92	%		6.03	%		6.01	%
Weighted-average servicing fee		.374			.378			.376			.370			.366


Selected Miscellaneous Information
Derivatives notional amount	$	69,624		$	84,649		$	75,581		$	74,177		$	67,287
Fair value of derivatives		382			355			486			626			219
Unrealized depreciation on securities
available for sale, net of tax		(26	)		(384	)		(289	)		(324	)		(398	)
Common stock prices
High		29.81			28.67			27.72			40.00			45.31
Low		19.83			16.27			12.90			21.47			18.71
End of period		27.24			21.98			16.92			27.46			37.80

Banking offices		1,859			1,505			1,504			1,511			1,501
ATMs		2,576			2,194			2,193			2,195			2,178
FTEs		32,821			28,763			29,496			29,633			29,818

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BB&T Corporation Colonial Update (Dollars in millions)

Balance Sheet actions post acquisition:


• Securities:
•	Sold $2.4 billion of securities acquired.
•	Retained $1.2 billion of non-agency mortgage backed and municipal securities.
	-- Non-agency mortgage backed and muncipal securities are covered by loss share agreement.

• Deposits and Long-Term Debt:
•	Paid off $1.6 billion of higher-cost brokered deposits.
•	$815 million of mortgage warehouse business-related escrows were paid down.
•	Prepaid $2.8 billion of Colonial's FHLB advances.
•	Used $4.1 billion proceeds from FDIC to reduce BB&T's borrowings.
•	Client deposit balances are stable.

• Goodwill and Other Intangibles:
•	Acquisition resulted in approximately $690 million of goodwill and $176 million of core deposit intangible.

Integration Update:

• Merger Charges and Cost Savings (Pretax):
•	Reducing estimate of merger-related charges to $205 million from $245 million.
•	Confirming annual cost savings of $170 million; expect to achieve full run rate by 4Q10.

• Systems Conversions and Other Integration Issues:
•	Leadership team in place in new Florida, Alabama and Texas regions.
•	Implemented BB&T's credit review process for all new loan originations.
•	Converted payroll, securities, fixed assets.
•	Remaining systems to be converted by 2Q10.
•	Evaluated mortgage-warehouse business and will continue to operate in our footprint.
•	Evaluated association services business and will continue and expand in our footprint.
•	Will have available deposit and loan servicing in all branches for all BB&T/Colonial clients by 4Q09.
•	Reached agreement to sell 22 branches in Nevada in 1Q10. No material earnings impact expected.
	-- Loans will stay with BB&T and remain covered by loss share.

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BB&T Corporation NON-GAAP Reconciliation Table - Five Quarter Trend (Dollars in millions, except per share data)


	Quarter Ended
	Sept. 30		June 30		March 31		Dec. 31		Sept. 30
NON-GAAP Reconciliation Table	2009		2009		2009		2008		2008

Efficiency ratio - GAAP	59.8	%	54.7	%	48.5	%	53.4	%	52.9	%
Effect of securities gains (losses), net	.8		.5		3.3		1.0		.4
Effect of merger-related and restructuring charges, net	(.8	)	-		(.6	)	(.2	)	(.3	)
Effect of contingency reserve	(1.1	)	-		-		-		-
Effect of FDIC special assessment	-		(3.3	)	-		-		-
Effect of gain on extinguishment of debt	-		1.7		.5		-		-
Effect of leveraged lease settlement	-		-		-		(1.8	)	-
Effect of foreclosed property expense	(5.4	)	(2.7	)	(1.8	)	(1.4	)	(1.3	)
Effect of amortization of intangibles	(1.3	)	(1.1	)	(1.2	)	(1.2	)	(1.3	)
Efficiency ratio - reported	52.0		49.8		48.7		49.8		50.4
Fee income ratio - GAAP	42.6	%	46.0	%	46.7	%	42.6	%	41.7	%
Effect of securities gains (losses), net	(.8	)	(.5	)	(3.8	)	(1.3	)	(.3	)
Effect of leveraged lease settlement	-		-		-		(1.4	)	-
Fee income ratio - reported	41.8		45.5		42.9		39.9		41.4


							Year-to-Date
							September 30,
NON-GAAP Reconciliation Table							2009		2008

Efficiency ratio - GAAP							54.3	%	51.6	%
Effect of securities gains (losses), net							1.6		.6
Effect of merger-related and restructuring charges, net							(.5	)	(.2	)
Effect of contingency reserve							(.4	)	-
Effect of FDIC special assessment							(1.0	)	-
Effect of gain on extinguishment of debt							.7		.7
Effect of bank-owned life insurance valuation							-		(.2	)
Effect of Visa ownership gains							-		1.0
Effect of fair value accounting implementation							-		.1
Effect of foreclosed property expense							(3.3	)	(1.0	)
Effect of amortization of intangibles							(1.2	)	(1.3	)
Efficiency ratio - reported							50.2		51.3
Fee income ratio - GAAP							45.1	%	42.5	%
Effect of securities gains (losses), net							(1.7	)	(.7	)
Effect of bank-owned life insurance valuation							-		.2
Effect of Visa ownership gains							-		(.9	)
Effect of fair value accounting implementation							-		(.2	)
Fee income ratio - reported							43.4		40.9

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TRUIST FINANCIAL CORP - FORM 8-K - EX-99.2 - October 19, 2009

Attached files

TRUIST FINANCIAL CORP Reports