Exhibit 99.2

 

 

Best Bank In Town Since 1872

 

 

 

 

 

 

BB&T Corporation

Quarterly Performance Summary

Fourth Quarter 2012

 

 

BB&T Corporation
Quarterly Performance Summary
Table of Contents
		Page
Financial Highlights		1
Financial Highlights - Five Quarter Trend		2
Consolidated Statements of Income		3
Consolidated Statements of Income - Five Quarter Trend		4
Lines of Business Financial Performance		5
Lines of Business Financial Performance - Five Quarter Trend		7
Consolidated Balance Sheets		9
Consolidated Balance Sheets - Five Quarter Trend		10
Average Balance Sheets		11
Average Balance Sheets - Five Quarter Trend		12
Average Balances and Rates - Quarters		13
Average Balances and Rates - Year-To-Date		15
Credit Quality		16
Credit Quality - Supplemental Information		19
Capital Information - Five Quarter Trend		20
Selected Items & Additional Information		21
Non-GAAP Reconciliations		22

BB&T Corporation
Financial Highlights
(Dollars in millions, except per share data, shares in thousands)
		Quarter Ended											Year-to-Date
		December 31								%			December 31								%
		2012				2011				Change			2012				2011				Change
Summary Income Statement
Interest income		$	1,763			$	1,807			(2.4)	%		$	7,068			$	7,035			0.5	%
Interest expense			250				318			(21.4)				1,062				1,381			(23.1)
	Net interest income - taxable equivalent		1,513				1,489			1.6				6,006				5,654			6.2
Less:  Taxable-equivalent adjustment			37				37			―				149				147			1.4
	Net interest income		1,476				1,452			1.7				5,857				5,507			6.4
Provision for credit losses			252				272			(7.4)				1,057				1,190			(11.2)
	Net interest income after provision for credit losses		1,224				1,180			3.7				4,800				4,317			11.2
Noninterest income			1,020				922			10.6				3,820				3,113			22.7
Noninterest expense			1,488				1,618			(8.0)				5,828				5,802			0.4
Income before income taxes			756				484			56.2				2,792				1,628			71.5
Provision for income taxes			207				84			146.4				764				296			158.1
	Net income		549				400			37.3				2,028				1,332			52.3
Noncontrolling interests			13				9			44.4				49				43			14.0
Preferred stock dividends			30				―			NM				63				―			NM
	Net income available to common shareholders		506				391			29.4				1,916				1,289			48.6
Per Common Share Data
Earnings
	Basic	$	0.72			$	0.56			28.6	%		$	2.74			$	1.85			48.1	%
	Diluted		0.71				0.55			29.1				2.70				1.83			47.5
Cash dividends declared (1)			0.20				0.16			25.0				0.80				0.65			23.1
Book value			27.21				24.98			8.9				27.21				24.98			8.9
Tangible book value (2)			17.52				16.73			4.7				17.52				16.73			4.7
End of period shares outstanding (in thousands)			699,728				697,143			0.4				699,728				697,143			0.4
Weighted average shares (in thousands)
	Basic		699,586				697,117			0.4				698,739				696,532			0.3
	Diluted		710,190				706,178			0.6				708,877				705,168			0.5
Performance Ratios
Return on average assets			1.20	%			0.93	%						1.14	%			0.82	%
Return on average common shareholders' equity			10.51				8.76							10.35				7.49
Return on average tangible common shareholders' equity (3)			17.80				14.36							17.39				12.60
Net interest margin - taxable equivalent			3.84				4.02							3.91				4.06
Fee income ratio (4)			44.1				38.4							42.5				39.7
Efficiency ratio (4)			55.3				53.5							54.3				55.2
Credit Quality (including covered assets)
Nonperforming assets as a percentage of
	Total assets		0.97	%			1.62	%						0.97	%			1.62	%
	Loans and leases plus foreclosed property		1.51				2.52							1.51				2.52
Net charge-offs as a percentage of average
	loans and leases		1.02				1.44							1.14				1.57
Allowance for loan and lease losses as a percentage
	of loans and leases held for investment		1.76				2.10							1.76				2.10
Ratio of allowance for loan and lease losses to
	nonperforming loans and leases held for investment		1.46	X			1.21	X						1.46	X			1.21	X
Average Balances
Total assets		$	182,204			$	171,496			6.2	%		$	178,102			$	162,966			9.3	%
Total securities (5)			36,383				35,867			1.4				36,334				29,923			21.4
Loans and leases			117,103				108,523			7.9				113,733				105,962			7.3
Deposits			131,762				121,925			8.1				127,617				112,318			13.6
Common shareholders' equity			19,160				17,693			8.3				18,501				17,208			7.5
Total shareholders' equity			21,188				17,755			19.3				19,477				17,267			12.8
Period-End Balances
Total assets		$	183,872			$	174,579			5.3	%		$	183,872			$	174,579			5.3	%
Total securities (5)			38,731				36,407			6.4				38,731				36,407			6.4
Loans and leases			118,364				111,205			6.4				118,364				111,205			6.4
Deposits			133,075				124,939			6.5				133,075				124,939			6.5
Common shareholders' equity			19,042				17,418			9.3				19,042				17,418			9.3
Total shareholders' equity			21,223				17,480			21.4				21,223				17,480			21.4
Capital Ratios (6)
Risk-based
	Tier 1		11.4	%			12.5	%						11.4	%			12.5	%
	Total		14.3				15.7							14.3				15.7
Leverage			8.2				9.0							8.2				9.0
Tangible common equity (2)			6.9				6.9							6.9				6.9
Tier 1 common equity to risk-weighted assets (2)			9.7				9.7							9.7				9.7
Applicable ratios are annualized.
(1)	BB&T Corporation declared a special one-time dividend of $0.01 per common share in the first quarter of 2011.
(2)	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 in the Capital Information - Five Quarter Trend section of this supplement.
(3)	Return on average tangible common shareholders' equity is a non-GAAP measure. See the calculation and management's reasons for using this measure in the Non-GAAP Reconciliations section of this supplement.
(4)	Excludes securities gains (losses), foreclosed property expense, amortization of intangible assets, merger-related and restructuring charges, the impacts of FDIC loss share accounting, and other selected items as detailed in the Selected Items & Additional Information section of this supplement. See the Non-GAAP Reconciliations section of this supplement for further detail.
(5)	Total securities includes securities available for sale (AFS) and securities held to maturity (HTM). Average balances reflect both AFS and HTM securities at amortized cost. Period-end balances reflect AFS securities at fair value and HTM securities at amortized cost.
(6)	Current quarter regulatory capital information is preliminary.
NM - Not meaningful.

BB&T Corporation
Financial Highlights - Five Quarter Trend
(Dollars in millions, except per share data, shares in thousands)
		Quarter Ended
		Dec. 31				Sept. 30				June 30				March 31				Dec. 31
		2012				2012				2012				2012				2011
Summary Income Statement
Interest income		$	1,763			$	1,758			$	1,767			$	1,780			$	1,807
Interest expense			250				238				267				307				318
	Net interest income - taxable equivalent		1,513				1,520				1,500				1,473				1,489
Less:  Taxable-equivalent adjustment			37				37				38				37				37
	Net interest income		1,476				1,483				1,462				1,436				1,452
Provision for credit losses			252				244				273				288				272
	Net interest income after provision for credit losses		1,224				1,239				1,189				1,148				1,180
Noninterest income			1,020				963				966				871				922
Noninterest expense			1,488				1,529				1,426				1,385				1,618
Income before income taxes			756				673				729				634				484
Provision for income taxes			207				177				191				189				84
	Net income		549				496				538				445				400
Noncontrolling interests			13				2				20				14				9
Preferred stock dividends			30				25				8				―				―
	Net income available to common shareholders		506				469				510				431				391
Per Common Share Data
Earnings
	Basic	$	0.72			$	0.67			$	0.73			$	0.62			$	0.56
	Diluted		0.71				0.66				0.72				0.61				0.55
Cash dividends declared			0.20				0.20				0.20				0.20				0.16
Book value			27.21				26.88				26.19				25.51				24.98
Tangible book value (1)			17.52				17.02				16.92				17.12				16.73
End of period shares outstanding (in thousands)			699,728				699,541				698,795				698,454				697,143
Weighted average shares (in thousands)
	Basic		699,586				699,091				698,579				697,685				697,117
	Diluted		710,190				709,875				708,454				707,369				706,178
Performance Ratios
Return on average assets			1.20	%			1.10	%			1.22	%			1.03	%			0.93	%
Return on average common shareholders' equity			10.51				9.94				11.21				9.75				8.76
Return on average tangible common shareholders' equity (2)			17.80				17.01				18.85				15.88				14.36
Net interest margin - taxable equivalent			3.84				3.94				3.95				3.93				4.02
Fee income ratio (3)			44.1				42.4				42.4				41.0				38.4
Efficiency ratio (3)			55.3				55.2				53.9				52.0				53.5
Credit Quality (including covered assets)
Nonperforming assets as a percentage of
	Total assets		0.97	%			1.10	%			1.24	%			1.50	%			1.62	%
	Loans and leases plus foreclosed property		1.51				1.70				1.93				2.35				2.52
Net charge-offs as a percentage of average
	loans and leases		1.02				1.05				1.21				1.28				1.44
Allowance for loan and lease losses as a percentage
	of loans and leases held for investment		1.76				1.80				1.91				2.02				2.10
Ratio of allowance for loan and lease losses to
	nonperforming loans and leases held for investment		1.46	X			1.33	X			1.29	X			1.18	X			1.21	X
Average Balances
Total assets		$	182,204			$	179,306			$	176,870			$	173,969			$	171,496
Total securities (4)			36,383				35,260				37,114				36,589				35,867
Loans and leases			117,103				115,609				111,760				110,403				108,523
Deposits			131,762				128,695				125,348				124,606				121,925
Common shareholders' equity			19,160				18,757				18,302				17,772				17,693
Total shareholders' equity			21,188				20,125				18,737				17,829				17,755
Period-End Balances
Total assets		$	183,872			$	182,021			$	178,529			$	174,752			$	174,579
Total securities (4)			38,731				37,238				37,643				37,865				36,407
Loans and leases			118,364				117,607				113,811				110,686				111,205
Deposits			133,075				130,018				126,059				124,157				124,939
Common shareholders' equity			19,042				18,800				18,300				17,820				17,418
Shareholders' equity			21,223				20,532				18,926				17,882				17,480
Capital Ratios (5)
Risk-based
	Tier 1		11.4	%			10.9	%			10.2	%			12.8	%			12.5	%
	Total		14.3				14.0				13.5				16.2				15.7
Leverage			8.2				7.9				7.3				9.1				9.0
Tangible common equity (1)			6.9				6.8				6.9				7.1				6.9
Tier 1 common equity to risk-weighted assets (1)			9.7				9.5				9.7				10.0				9.7
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 in the Capital Information - Five Quarter Trend section of this supplement.
(2)	Return on average tangible common shareholders' equity is a non-GAAP measure. See the calculation and management's reasons for using this measure in the Non-GAAP Reconciliations section of this supplement.
(3)	Excludes securities gains (losses), foreclosed property expense, amortization of intangible assets, merger-related and restructuring charges, the impacts of FDIC loss share accounting, and other selected items as detailed in the Selected Items & Additional Information section of this supplement. See the Non-GAAP Reconciliations section of this supplement for further detail.
(4)	Total securities includes securities available for sale (AFS) and securities held to maturity (HTM). Average balances reflect both AFS and HTM securities at amortized cost. Period-end balances reflect AFS securities at fair value and HTM securities at amortized cost.
(5)	Current regulatory capital information is preliminary.

BB&T Corporation
Consolidated Statements of Income
(Dollars in millions, except per share data, shares in thousands)
			Quarter Ended											Year-to-Date
			Dec. 31						Change					Dec. 31						Change
			2012			2011			$		%			2012			2011			$		%
Interest Income
	Interest and fees on loans and leases		$	1,494		$	1,530		$	(36)	(2.4)	%		$	5,980		$	6,119		$	(139)	(2.3)	%
	Interest and dividends on securities			222			235			(13)	(5.5)				907			747			160	21.4
	Interest on other earning assets			10			4			6	150.0				30			19			11	57.9
		Total interest income		1,726			1,769			(43)	(2.4)				6,917			6,885			32	0.5
Interest Expense
	Interest on deposits			96			137			(41)	(29.9)				429			610			(181)	(29.7)
	Interest on federal funds purchased, securities sold under
		repurchase agreements and short-term borrowed funds		2			1			1	100.0				7			11			(4)	(36.4)
	Interest on long-term debt			152			179			(27)	(15.1)				624			757			(133)	(17.6)
		Total interest expense		250			317			(67)	(21.1)				1,060			1,378			(318)	(23.1)
Net interest income				1,476			1,452			24	1.7				5,857			5,507			350	6.4
	Provision for credit losses			252			272			(20)	(7.4)				1,057			1,190			(133)	(11.2)
Net interest income after provision for credit loss				1,224			1,180			44	3.7				4,800			4,317			483	11.2
Noninterest income
	Insurance income			362			254			108	42.5				1,359			1,044			315	30.2
	Service charges on deposits			149			142			7	4.9				566			563			3	0.5
	Mortgage banking income			231			135			96	71.1				840			436			404	92.7
	Investment banking and brokerage fees and commissions			98			75			23	30.7				365			333			32	9.6
	Checkcard fees			49			42			7	16.7				185			271			(86)	(31.7)
	Bankcard fees and merchant discounts			61			55			6	10.9				236			204			32	15.7
	Trust and investment advisory revenues			47			42			5	11.9				184			173			11	6.4
	Income from bank-owned life insurance			29			30			(1)	(3.3)				116			122			(6)	(4.9)
	FDIC loss share income, net			(97)			(46)			(51)	110.9				(318)			(289)			(29)	10.0
	Securities gains (losses), net			―			103			(103)	(100.0)				(12)			62			(74)	(119.4)
	Other income			91			90			1	1.1				299			194			105	54.1
		Total noninterest income		1,020			922			98	10.6				3,820			3,113			707	22.7
Noninterest Expense
	Personnel expense			823			679			144	21.2				3,125			2,727			398	14.6
	Foreclosed property expense			48			346			(298)	(86.1)				266			802			(536)	(66.8)
	Occupancy and equipment expense			172			159			13	8.2				650			616			34	5.5
	Loan-related expense			73			59			14	23.7				283			227			56	24.7
	Regulatory charges			35			46			(11)	(23.9)				159			212			(53)	(25.0)
	Professional services			46			49			(3)	(6.1)				156			174			(18)	(10.3)
	Software expense			38			33			5	15.2				138			118			20	16.9
	Amortization of intangibles			28			24			4	16.7				110			99			11	11.1
	Merger-related and restructuring charges, net			11			16			(5)	(31.3)				68			16			52	NM
	Other expense			214			207			7	3.4				873			811			62	7.6
		Total noninterest expense		1,488			1,618			(130)	(8.0)				5,828			5,802			26	0.4
Earnings
	Income before income taxes			756			484			272	56.2				2,792			1,628			1,164	71.5
	Provision for income taxes			207			84			123	146.4				764			296			468	158.1
		Net Income		549			400			149	37.3				2,028			1,332			696	52.3
	Noncontrolling interests			13			9			4	44.4				49			43			6	14.0
	Preferred stock dividends			30			―			30	NM				63			―			63	NM
		Net income available to common shareholders	$	506		$	391		$	115	29.4	%		$	1,916		$	1,289		$	627	48.6	%
Earnings Per Common Share
		Basic	$	0.72		$	0.56		$	0.16	28.6	%		$	2.74		$	1.85		$	0.89	48.1	%
		Diluted		0.71			0.55			0.16	29.1				2.70			1.83			0.87	47.5
Weighted Average Shares Outstanding
		Basic		699,586			697,117			2,469	0.4				698,739			696,532			2,207	0.3
		Diluted		710,190			706,178			4,012	0.6				708,877			705,168			3,709	0.5
NM - not meaningful.

BB&T Corporation
Consolidated Statements of Income - Five Quarter Trend
(Dollars in millions, except per share data, shares in thousands)
			Quarter Ended
			Dec. 31			Sept. 30			June 30			March 31			Dec. 31
			2012			2012			2012			2012			2011
Interest Income
	Interest and fees on loans and leases		$	1,494		$	1,492		$	1,492		$	1,502		$	1,530
	Interest and dividends on securities			222			221			230			234			235
	Interest on other earning assets			10			7			6			7			4
		Total interest income		1,726			1,720			1,728			1,743			1,769
Interest Expense
	Interest on deposits			96			105			107			121			137
	Interest on federal funds purchased, securities sold under
		repurchase agreements and short-term borrowed funds		2			2			2			1			1
	Interest on long-term debt			152			130			157			185			179
		Total interest expense		250			237			266			307			317
Net interest income				1,476			1,483			1,462			1,436			1,452
	Provision for credit losses			252			244			273			288			272
Net interest income after provision for credit loss				1,224			1,239			1,189			1,148			1,180
Noninterest income
	Insurance income			362			333			393			271			254
	Service charges on deposits			149			142			138			137			142
	Mortgage banking income			231			211			182			216			135
	Investment banking and brokerage fees and commissions			98			90			88			89			75
	Checkcard fees			49			48			45			43			42
	Bankcard fees and merchant discounts			61			62			59			54			55
	Trust and investment advisory revenues			47			46			46			45			42
	Income from bank-owned life insurance			29			30			27			30			30
	FDIC loss share income, net			(97)			(90)			(74)			(57)			(46)
	Securities gains (losses), net			―			(1)			(2)			(9)			103
	Other income			91			92			64			52			90
		Total noninterest income		1,020			963			966			871			922
Noninterest Expense
	Personnel expense			823			797			775			730			679
	Foreclosed property expense			48			54			72			92			346
	Occupancy and equipment expense			172			166			159			153			159
	Loan-related expense			73			85			62			63			59
	Regulatory charges			35			40			43			41			46
	Professional services			46			36			39			35			49
	Software expense			38			36			32			32			33
	Amortization of intangibles			28			31			29			22			24
	Merger-related and restructuring charges, net			11			43			2			12			16
	Other expense			214			241			213			205			207
		Total noninterest expense		1,488			1,529			1,426			1,385			1,618
Earnings
	Income before income taxes			756			673			729			634			484
	Provision for income taxes			207			177			191			189			84
		Net Income		549			496			538			445			400
	Noncontrolling interests			13			2			20			14			9
	Preferred stock dividends			30			25			8			―			―
		Net income available to common shareholders	$	506		$	469		$	510		$	431		$	391
Earnings Per Common Share
		Basic	$	0.72		$	0.67		$	0.73		$	0.62		$	0.56
		Diluted		0.71			0.66			0.72			0.61			0.55
Weighted Average Shares Outstanding
		Basic		699,586			699,091			698,579			697,685			697,117
		Diluted		710,190			709,875			708,454			707,369			706,178

BB&T Corporation
Lines of Business Financial Performance (1)
Quarter Ended December 31, 2012 and 2011
(Dollars in millions)
														Residential									Dealer
					Community Banking									Mortgage Banking									Financial Services									Specialized Lending
					Dec. 31			Dec. 31		Percent				Dec. 31			Dec. 31		Percent				Dec. 31			Dec. 31		Percent				Dec. 31			Dec. 31		Percent
					2012			2011		Change				2012			2011		Change				2012			2011		Change				2012			2011		Change
Net interest income (expense)				$	537		$	499		7.6	%		$	298		$	272		9.6	%		$	212		$	213		(0.5)	%		$	179		$	167		7.2	%
Net intersegment interest income
	(expense)				320			388		(17.5)				(198)			(187)		5.9				(50)			(62)		(19.4)				(35)			(43)		(18.6)
Segment net interest income					857			887		(3.4)				100			85		17.6				162			151		7.3				144			124		16.1
Allocated provision for loan
	and lease losses				129			118		9.3				56			39		43.6				67			42		59.5				21			24		(12.5)
Noninterest income					296			241		22.8				206			111		85.6				2			2		―				65			57		14.0
Intersegment net referral fees
	(expense)				52			41		26.8				―			―		NM				―			―		NM				―			―		NM
Noninterest expense					465			741		(37.2)				99			86		15.1				27			23		17.4				69			58		19.0
Amortization of intangibles					7			11		(36.4)				―			―		NM				―			―		NM				1			2		(50.0)
Allocated corporate expenses					257			225		14.2				13			12		8.3				9			9		―				21			18		16.7
Income (loss) before income taxes					347			74		NM				138			59		133.9				61			79		(22.8)				97			79		22.8
Provision (benefit) for income
	taxes				127			24		NM				52			22		136.4				23			30		(23.3)				25			15		66.7
Segment net income (loss)				$	220		$	50		NM			$	86		$	37		132.4			$	38		$	49		(22.4)			$	72		$	64		12.5
Identifiable segment assets
	(period end)			$	62,945		$	61,072		3.1			$	29,391		$	25,471		15.4			$	10,264		$	9,874		3.9			$	18,907		$	16,766		12.8
																						Other, Treasury									Total BB&T
				Insurance Services									Financial Services									& Corporate (2)									Corporation
				Dec. 31			Dec. 31			Percent			Dec. 31			Dec. 31			Percent			Dec. 31			Dec. 31			Percent			Dec. 31			Dec. 31			Percent
				2012			2011			Change			2012			2011			Change			2012			2011			Change			2012			2011			Change
Net interest income (expense)				$	1		$	1		―	%		$	32		$	29		10.3	%		$	217		$	271		(19.9)	%		$	1,476		$	1,452		1.7	%
Net intersegment interest income
	(expense)				1			1		―				86			80		7.5				(124)			(177)		(29.9)				―			―		NM
Segment net interest income					2			2		―				118			109		8.3				93			94		(1.1)				1,476			1,452		1.7
Allocated provision for loan
	and lease losses				―			―		NM				(8)			9		(188.9)				(13)			40		(132.5)				252			272		(7.4)
Noninterest income					368			255		44.3				195			183		6.6				(112)			73		NM				1,020			922		10.6
Intersegment net referral fees
	(expense)				―			―		NM				10			6		66.7				(62)			(47)		31.9				―			―		NM
Noninterest expense					271			187		44.9				163			143		14.0				366			356		2.8				1,460			1,594		(8.4)
Amortization of intangibles					16			11		45.5				1			1		―				3			(1)		NM				28			24		16.7
Allocated corporate expenses					23			21		9.5				23			19		21.1				(346)			(304)		13.8				―			―		NM
Income (loss) before income taxes					60			38		57.9				144			126		14.3				(91)			29		NM				756			484		56.2
Provision (benefit) for income
	taxes				21			13		61.5				54			47		14.9				(95)			(67)		41.8				207			84		146.4
Segment net income (loss)				$	39		$	25		56.0			$	90		$	79		13.9			$	4		$	96		(95.8)			$	549		$	400		37.3
Identifiable segment assets
	(period end)			$	3,297		$	2,350		40.3			$	9,184		$	7,413		23.9			$	49,884		$	51,633		(3.4)			$	183,872		$	174,579		5.3
(1)	Lines of business results are preliminary.
(2)	Includes financial data from subsidiaries below the quantitative and qualitative thresholds requiring disclosure.
NM - not meaningful.

 

BB&T Corporation
Lines of Business Financial Performance (1)
Year-To-Date December 31, 2012 and 2011
(Dollars in millions)
														Residential									Dealer
					Community Banking									Mortgage Banking									Financial Services									Specialized Lending
					Dec. 31			Dec. 31		Percent				Dec. 31			Dec. 31		Percent				Dec. 31			Dec. 31		Percent				Dec. 31			Dec. 31		Percent
					2012			2011		Change				2012			2011		Change				2012			2011		Change				2012			2011		Change
Net interest income (expense)				$	2,086		$	1,937		7.7	%		$	1,148		$	1,025		12.0	%		$	845		$	852		(0.8)	%		$	701		$	636		10.2	%
Net intersegment interest income
	(expense)				1,342			1,642		(18.3)				(776)			(734)		5.7				(216)			(270)		(20.0)				(154)			(171)		(9.9)
Segment net interest income					3,428			3,579		(4.2)				372			291		27.8				629			582		8.1				547			465		17.6
Allocated provision for loan
	and lease losses				666			589		13.1				95			320		(70.3)				164			125		31.2				137			72		90.3
Noninterest income					1,125			1,016		10.7				753			349		115.8				7			7		―				228			211		8.1
Intersegment net referral fees
	(expense)				182			132		37.9				(1)			―		NM				―			―		NM				―			―		NM
Noninterest expense					1,828			2,354		(22.3)				388			296		31.1				101			90		12.2				256			233		9.9
Amortization of intangibles					37			47		(21.3)				―			―		NM				1			1		―				5			6		(16.7)
Allocated corporate expenses					1,025			899		14.0				54			48		12.5				36			37		(2.7)				79			72		9.7
Income (loss) before income taxes					1,179			838		40.7				587			(24)		NM				334			336		(0.6)				298			293		1.7
Provision (benefit) for income
	taxes				427			302		41.4				221			(9)		NM				126			127		(0.8)				63			58		8.6
Segment net income (loss)				$	752		$	536		40.3			$	366		$	(15)		NM			$	208		$	209		(0.5)			$	235		$	235		―
Identifiable segment assets
	(period end)			$	62,945		$	61,072		3.1			$	29,391		$	25,471		15.4			$	10,264		$	9,874		3.9			$	18,907		$	16,766		12.8
																						Other, Treasury									Total BB&T
				Insurance Services									Financial Services									& Corporate (2)									Corporation
				Dec. 31			Dec. 31			Percent			Dec. 31			Dec. 31			Percent			Dec. 31			Dec. 31			Percent			Dec. 31			Dec. 31			Percent
				2012			2011			Change			2012			2011			Change			2012			2011			Change			2012			2011			Change
Net interest income (expense)				$	3		$	3		―	%		$	119		$	107		11.2	%		$	955		$	947		0.8	%		$	5,857		$	5,507		6.4	%
Net intersegment interest income
	(expense)				3			4		(25.0)				332			267		24.3				(531)			(738)		(28.0)				―			―		NM
Segment net interest income					6			7		(14.3)				451			374		20.6				424			209		102.9				5,857			5,507		6.4
Allocated provision for loan
	and lease losses				―			―		NM				10			(1)		NM				(15)			85		(117.6)				1,057			1,190		(11.2)
Noninterest income					1,365			1,040		31.3				725			694		4.5				(383)			(204)		87.7				3,820			3,113		22.7
Intersegment net referral fees
	(expense)				―			―		NM				29			20		45.0				(210)			(152)		38.2				―			―		NM
Noninterest expense					1,015			786		29.1				641			574		11.7				1,489			1,370		8.7				5,718			5,703		0.3
Amortization of intangibles					61			42		45.2				3			3		―				3			―		NM				110			99		11.1
Allocated corporate expenses					82			72		13.9				94			75		25.3				(1,370)			(1,203)		13.9				―			―		NM
Income (loss) before income taxes					213			147		44.9				457			437		4.6				(276)			(399)		(30.8)				2,792			1,628		71.5
Provision (benefit) for income
	taxes				69			46		50.0				171			164		4.3				(313)			(392)		(20.2)				764			296		158.1
Segment net income (loss)				$	144		$	101		42.6			$	286		$	273		4.8			$	37		$	(7)		NM			$	2,028		$	1,332		52.3
Identifiable segment assets
	(period end)			$	3,297		$	2,350		40.3			$	9,184		$	7,413		23.9			$	49,884		$	51,633		(3.4)			$	183,872		$	174,579		5.3
(1)	Lines of business results are preliminary.
(2)	Includes financial data from subsidiaries below the quantitative and qualitative thresholds requiring disclosure.
NM - not meaningful.

BB&T Corporation
Lines of Business Financial Performance - Five Quarter Trend (1)
(Dollars in millions)
			Quarter Ended
Community Banking			Dec. 31			Sept. 30			June 30			March 31			Dec. 31
			2012			2012			2012			2012			2011
Net interest income (expense)			$	537		$	526		$	517		$	506		$	499
Net intersegment interest income (expense)				320			325			339			358			388
	Segment net interest income			857			851			856			864			887
Allocated provision for loan and lease losses				129			92			190			255			118
Noninterest income				296			281			280			268			241
Intersegment net referral fees (expense)				52			48			43			39			41
Noninterest expense				465			428			447			488			741
Amortization of intangibles				7			11			10			9			11
Allocated corporate expenses				257			256			255			257			225
	Income (loss) before income taxes			347			393			277			162			74
	Provision (benefit) for income taxes			127			143			100			57			24
		Segment net income (loss)	$	220		$	250		$	177		$	105		$	50
Identifiable segment assets (period end)			$	62,945		$	61,748		$	61,081		$	60,750		$	61,072
			Quarter Ended
Residential Mortgage Banking			Dec. 31			Sept. 30			June 30			March 31			Dec. 31
			2012			2012			2012			2012			2011
Net interest income (expense)			$	298		$	286		$	285		$	279		$	272
Net intersegment interest income (expense)				(198)			(194)			(193)			(191)			(187)
	Segment net interest income			100			92			92			88			85
Allocated provision for loan and lease losses				56			23			38			(22)			39
Noninterest income				206			190			162			195			111
Intersegment net referral fees (expense)				―			―			―			(1)			―
Noninterest expense				99			112			92			85			86
Amortization of intangibles				―			―			―			―			―
Allocated corporate expenses				13			14			13			14			12
	Income (loss) before income taxes			138			133			111			205			59
	Provision (benefit) for income taxes			52			50			42			77			22
		Segment net income (loss)	$	86		$	83		$	69		$	128		$	37
Identifiable segment assets (period end)			$	29,391		$	28,615		$	27,318		$	25,288		$	25,471
			Quarter Ended
Dealer Financial Services			Dec. 31			Sept. 30			June 30			March 31			Dec. 31
			2012			2012			2012			2012			2011
Net interest income (expense)			$	212		$	213		$	210		$	210		$	213
Net intersegment interest income (expense)				(50)			(53)			(54)			(59)			(62)
	Segment net interest income			162			160			156			151			151
Allocated provision for loan and lease losses				67			43			27			27			42
Noninterest income				2			1			2			2			2
Intersegment net referral fees (expense)				―			―			―			―			―
Noninterest expense				27			24			25			25			23
Amortization of intangibles				―			1			―			―			―
Allocated corporate expenses				9			8			10			9			9
	Income (loss) before income taxes			61			85			96			92			79
	Provision (benefit) for income taxes			23			32			36			35			30
		Segment net income (loss)	$	38		$	53		$	60		$	57		$	49
Identifiable segment assets (period end)			$	10,264		$	10,316		$	10,303		$	10,050		$	9,874
			Quarter Ended
Specialized Lending			Dec. 31			Sept. 30			June 30			March 31			Dec. 31
			2012			2012			2012			2012			2011
Net interest income (expense)			$	179		$	181		$	175		$	166		$	167
Net intersegment interest income (expense)				(35)			(38)			(40)			(41)			(43)
	Segment net interest income			144			143			135			125			124
Allocated provision for loan and lease losses				21			65			24			27			24
Noninterest income				65			58			52			53			57
Intersegment net referral fees (expense)				―			―			―			―			―
Noninterest expense				69			66			58			63			58
Amortization of intangibles				1			1			2			1			2
Allocated corporate expenses				21			20			19			19			18
	Income (loss) before income taxes			97			49			84			68			79
	Provision (benefit) for income taxes			25			6			19			13			15
		Segment net income (loss)	$	72		$	43		$	65		$	55		$	64
Identifiable segment assets (period end)			$	18,907		$	18,650		$	18,140		$	16,889		$	16,766
(1)	Lines of business results are preliminary.

 

BB&T Corporation
Lines of Business Financial Performance - Five Quarter Trend (1)
(Dollars in millions)
			Quarter Ended
Insurance Services			Dec. 31			Sept. 30			June 30			March 31			Dec. 31
			2012			2012			2012			2012			2011
Net interest income (expense)			$	1		$	1		$	―		$	1		$	1
Net intersegment interest income (expense)				1			1			―			1			1
	Segment net interest income			2			2			―			2			2
Allocated provision for loan and lease losses				―			―			―			―			―
Noninterest income				368			334			393			270			255
Intersegment net referral fees (expense)				―			―			―			―			―
Noninterest expense				271			272			260			212			187
Amortization of intangibles				16			18			17			10			11
Allocated corporate expenses				23			20			19			20			21
	Income (loss) before income taxes			60			26			97			30			38
	Provision (benefit) for income taxes			21			10			31			7			13
		Segment net income (loss)	$	39		$	16		$	66		$	23		$	25
Identifiable segment assets (period end)			$	3,297		$	3,090		$	3,299		$	2,310		$	2,350
			Quarter Ended
Financial Services			Dec. 31			Sept. 30			June 30			March 31			Dec. 31
			2012			2012			2012			2012			2011
Net interest income (expense)			$	32		$	30		$	30		$	27		$	29
Net intersegment interest income (expense)				86			84			82			80			80
	Segment net interest income			118			114			112			107			109
Allocated provision for loan and lease losses				(8)			12			(8)			14			9
Noninterest income				195			183			169			178			183
Intersegment net referral fees (expense)				10			7			6			6			6
Noninterest expense				163			152			173			153			143
Amortization of intangibles				1			―			1			1			1
Allocated corporate expenses				23			26			22			23			19
	Income (loss) before income taxes			144			114			99			100			126
	Provision (benefit) for income taxes			54			43			36			38			47
		Segment net income (loss)	$	90		$	71		$	63		$	62		$	79
Identifiable segment assets (period end)			$	9,184		$	8,991		$	8,216		$	7,790		$	7,413
			Quarter Ended
Other, Treasury & Corporate (2)			Dec. 31			Sept. 30			June 30			March 31			Dec. 31
			2012			2012			2012			2012			2011
Net interest income (expense)			$	217		$	246		$	245		$	247		$	271
Net intersegment interest income (expense)				(124)			(125)			(134)			(148)			(177)
	Segment net interest income			93			121			111			99			94
Allocated provision for loan and lease losses				(13)			9			2			(13)			40
Noninterest income				(112)			(84)			(92)			(95)			73
Intersegment net referral fees (expense)				(62)			(55)			(49)			(44)			(47)
Noninterest expense				366			444			342			337			356
Amortization of intangibles				3			―			(1)			1			(1)
Allocated corporate expenses				(346)			(344)			(338)			(342)			(304)
	Income (loss) before income taxes			(91)			(127)			(35)			(23)			29
	Provision (benefit) for income taxes			(95)			(107)			(73)			(38)			(67)
		Segment net income (loss)	$	4		$	(20)		$	38		$	15		$	96
Identifiable segment assets (period end)			$	49,884		$	50,611		$	50,172		$	51,675		$	51,633
			Quarter Ended
Total BB&T Corporation			Dec. 31			Sept. 30			June 30			March 31			Dec. 31
			2012			2012			2012			2012			2011
Net interest income (expense)			$	1,476		$	1,483		$	1,462		$	1,436		$	1,452
Net intersegment interest income (expense)				―			―			―			―			―
	Segment net interest income			1,476			1,483			1,462			1,436			1,452
Allocated provision for loan and lease losses				252			244			273			288			272
Noninterest income				1,020			963			966			871			922
Intersegment net referral fees (expense)				―			―			―			―			―
Noninterest expense				1,460			1,498			1,397			1,363			1,594
Amortization of intangibles				28			31			29			22			24
Allocated corporate expenses				―			―			―			―			―
	Income (loss) before income taxes			756			673			729			634			484
	Provision (benefit) for income taxes			207			177			191			189			84
		Segment net income (loss)	$	549		$	496		$	538		$	445		$	400
Identifiable segment assets (period end)			$	183,872		$	182,021		$	178,529		$	174,752		$	174,579
(1)	Lines of business results are preliminary.
(2)	Includes financial data from subsidiaries below the quantitative and qualitative thresholds requiring disclosure.

BB&T Corporation
Consolidated Balance Sheets
(Dollars in millions)
				As of December 31						Change
				2012			2011			$			%
Assets
	Cash and due from banks			$	1,972		$	1,562		$	410		26.2	%
	Interest-bearing deposits with banks				1,659			2,646			(987)		(37.3)
	Federal funds sold and securities purchased under
		resale agreements or similar arrangements			122			136			(14)		(10.3)
	Segregated cash due from banks				36			20			16		80.0
	Trading securities at fair value				497			534			(37)		(6.9)
	Securities available for sale at fair value (1)				25,137			22,313			2,824		12.7
	Securities held to maturity				13,594			14,094			(500)		(3.5)
	Loans and leases:
		Commercial loans and leases
			Commercial and industrial		38,295			36,415			1,880		5.2
			Commercial real estate—other		11,461			10,689			772		7.2
			Commercial real estate—residential ADC (2)		1,261			2,061			(800)		(38.8)
		Direct retail lending			15,817			14,506			1,311		9.0
		Sales finance loans			7,736			7,401			335		4.5
		Revolving credit loans			2,330			2,212			118		5.3
		Residential mortgage loans			24,272			20,581			3,691		17.9
		Other lending subsidiaries			10,137			8,737			1,400		16.0
			Total loans and leases held for investment (excluding covered loans)		111,309			102,602			8,707		8.5
		Covered loans			3,294			4,867			(1,573)		(32.3)
			Total loans and leases held for investment		114,603			107,469			7,134		6.6
		Loans held for sale			3,761			3,736			25		0.7
			Total loans and leases		118,364			111,205			7,159		6.4
	Allowance for loan and lease losses				(2,018)			(2,256)			238		(10.5)
	FDIC loss share receivable				479			1,100			(621)		(56.5)
	Premises and equipment				1,888			1,855			33		1.8
	Goodwill				6,804			6,078			726		11.9
	Core deposit and other intangible assets				673			444			229		51.6
	Residential mortgage servicing rights at fair value				627			563			64		11.4
	Other assets (3)				14,038			14,285			(247)		(1.7)
		Total assets		$	183,872		$	174,579		$	9,293		5.3	%
Liabilities and Shareholders' Equity
	Deposits:
		Noninterest-bearing deposits		$	32,452		$	25,684		$	6,768		26.4	%
		Interest checking			21,091			20,701			390		1.9
		Money market and savings			47,908			44,618			3,290		7.4
		Certificates and other time deposits			31,624			33,899			(2,275)		(6.7)
		Foreign office deposits - interest-bearing			―			37			(37)		(100.0)
			Total deposits		133,075			124,939			8,136		6.5
	Fed funds purchased, repos and other borrowings				2,864			3,566			(702)		(19.7)
	Long-term debt				19,114			21,803			(2,689)		(12.3)
	Other liabilities				7,596			6,791			805		11.9
		Total liabilities			162,649			157,099			5,550		3.5
	Shareholders' equity:
		Preferred stock			2,116			―			2,116		NM
		Common stock			3,499			3,486			13		0.4
		Additional paid-in capital			5,973			5,873			100		1.7
		Retained earnings			10,129			8,772			1,357		15.5
		Accumulated other comprehensive loss			(559)			(713)			154		(21.6)
		Noncontrolling interests			65			62			3		4.8
		Total shareholders' equity			21,223			17,480			3,743		21.4
		Total liabilities and shareholders' equity		$	183,872		$	174,579		$	9,293		5.3	%
(1)	Includes $1.6 billion and $1.6 billion at December 31, 2012 and 2011, respectively, covered by FDIC loss sharing agreements.
(2)	Commercial real estate - residential ADC represents residential acquisition, development and construction loans.
(3)	Includes $297 million and $415 million of foreclosed property and other assets covered by FDIC loss sharing agreements at December 31, 2012 and 2011, respectively.
NM - not meaningful.

BB&T Corporation
Consolidated Balance Sheets - Five Quarter Trend
(Dollars in millions)
				As of
				Dec. 31			Sept. 30			June 30			March 31			Dec. 31
				2012			2012			2012			2012			2011
Assets
	Cash and due from banks			$	1,972		$	1,557		$	1,409		$	1,336		$	1,562
	Interest-bearing deposits with banks				1,659			1,784			2,246			2,464			2,646
	Federal funds sold and securities purchased under
		resale agreements or similar arrangements			122			162			212			252			136
	Segregated cash due from banks				36			3			4			20			20
	Trading securities at fair value				497			572			533			589			534
	Securities available for sale at fair value (1)				25,137			24,098			25,067			24,380			22,313
	Securities held to maturity				13,594			13,140			12,576			13,485			14,094
	Loans and leases:
		Commercial loans and leases
			Commercial and industrial		38,295			38,012			36,938			36,156			36,415
			Commercial real estate—other		11,461			10,913			10,457			10,543			10,689
			Commercial real estate—residential ADC		1,261			1,454			1,590			1,823			2,061
		Direct retail lending			15,817			15,710			15,183			14,897			14,506
		Sales finance loans			7,736			7,723			7,794			7,587			7,401
		Revolving credit loans			2,330			2,291			2,206			2,159			2,212
		Residential mortgage loans			24,272			24,293			23,117			21,513			20,581
		Other lending subsidiaries			10,137			10,056			9,835			8,951			8,737
			Total loans and leases held for investment (excluding covered loans)		111,309			110,452			107,120			103,629			102,602
		Covered loans			3,294			3,688			3,955			4,532			4,867
			Total loans and leases held for investment		114,603			114,140			111,075			108,161			107,469
		Loans held for sale			3,761			3,467			2,736			2,525			3,736
			Total loans and leases		118,364			117,607			113,811			110,686			111,205
	Allowance for loan and lease losses				(2,018)			(2,051)			(2,126)			(2,181)			(2,256)
	FDIC loss share receivable				479			656			831			949			1,100
	Premises and equipment				1,888			1,940			1,816			1,822			1,855
	Goodwill				6,804			6,718			6,428			6,077			6,078
	Core deposit and other intangible assets				673			718			683			422			444
	Residential mortgage servicing rights at fair value				627			563			578			696			563
	Other assets (2)				14,038			14,554			14,461			13,755			14,285
		Total assets		$	183,872		$	182,021		$	178,529		$	174,752		$	174,579
Liabilities and Shareholders' Equity
	Deposits:
		Noninterest-bearing deposits		$	32,452		$	30,810		$	28,664		$	27,410		$	25,684
		Interest checking			21,091			20,182			20,228			20,318			20,701
		Money market and savings			47,908			48,099			46,611			46,759			44,618
		Certificates and other time deposits			31,624			30,927			30,556			29,648			33,899
		Foreign office deposits - interest-bearing			―			―			―			22			37
			Total deposits		133,075			130,018			126,059			124,157			124,939
	Fed funds purchased, repos and other borrowings				2,864			3,093			3,196			3,436			3,566
	Long-term debt				19,114			19,221			22,561			22,768			21,803
	Other liabilities				7,596			9,157			7,787			6,509			6,791
		Total liabilities			162,649			161,489			159,603			156,870			157,099
	Shareholders' equity:
		Preferred stock			2,116			1,679			559			―			―
		Common stock			3,499			3,498			3,494			3,492			3,486
		Additional paid-in capital			5,973			5,950			5,914			5,880			5,873
		Retained earnings			10,129			9,761			9,433			9,064			8,772
		Accumulated other comprehensive loss			(559)			(409)			(541)			(616)			(713)
		Noncontrolling interests			65			53			67			62			62
		Total shareholders' equity			21,223			20,532			18,926			17,882			17,480
		Total liabilities and shareholders' equity		$	183,872		$	182,021		$	178,529		$	174,752		$	174,579
(1)	Includes $1.6 billion, $1.6 billion, $1.6 billion, $1.6 billion and $1.6 billion at December 31, 2012, September 30, 2012, June 30, 2012, March 31, 2012 and December 31, 2011, respectively, covered by FDIC loss sharing agreements.
(2)	Includes $297 million, $327 million, $349 million, $403 million and $415 million of foreclosed property and other assets covered by FDIC loss sharing agreements at December 31, 2012, September 30, 2012, June 30, 2012, March 31, 2012 and December 31, 2011, respectively.

BB&T Corporation
Average Balance Sheets
(Dollars in millions)
					Quarter Ended												Year-to-Date
					December 31						Change						December 31						Change
					2012			2011			$			%			2012			2011			$			%
Assets
	Total securities, at amortized cost (1)
		U.S. government-sponsored entities (GSE)			$	3,228		$	709		$	2,519		NM	%		$	1,445		$	288		$	1,157		NM	%
		Mortgage-backed securities issued by GSE				29,162			31,053			(1,891)		(6.1)				30,848			25,305			5,543		21.9
		States and political subdivisions				1,841			1,861			(20)		(1.1)				1,851			1,895			(44)		(2.3)
		Non-agency mortgage-backed securities				312			459			(147)		(32.0)				346			528			(182)		(34.5)
		Other securities				695			544			151		27.8				661			658			3		0.5
		Covered securities				1,145			1,241			(96)		(7.7)				1,183			1,249			(66)		(5.3)
			Total securities			36,383			35,867			516		1.4				36,334			29,923			6,411		21.4
	Other earning assets					3,377			2,974			403		13.6				3,359			3,207			152		4.7
	Loans and leases
		Commercial loans and leases
			Commercial and industrial			38,022			35,232			2,790		7.9				36,966			34,153			2,813		8.2
			Commercial real estate—other			11,032			10,839			193		1.8				10,779			11,139			(360)		(3.2)
			Commercial real estate—residential ADC			1,398			2,298			(900)		(39.2)				1,665			2,769			(1,104)		(39.9)
		Direct retail lending				15,767			14,183			1,584		11.2				15,270			13,850			1,420		10.3
		Sales finance loans				7,724			7,308			416		5.7				7,680			7,202			478		6.6
		Revolving credit loans				2,280			2,159			121		5.6				2,217			2,106			111		5.3
		Residential mortgage loans				23,820			20,051			3,769		18.8				22,623			18,782			3,841		20.5
		Other lending subsidiaries				10,051			8,627			1,424		16.5				9,525			8,280			1,245		15.0
			Total loans and leases held for investment
				(excluding covered loans)		110,094			100,697			9,397		9.3				106,725			98,281			8,444		8.6
		Covered loans				3,477			5,109			(1,632)		(31.9)				4,045			5,498			(1,453)		(26.4)
			Total loans and leases held for investment			113,571			105,806			7,765		7.3				110,770			103,779			6,991		6.7
		Loans held for sale				3,532			2,717			815		30.0				2,963			2,183			780		35.7
			Total loans and leases			117,103			108,523			8,580		7.9				113,733			105,962			7,771		7.3
				Total earning assets		156,863			147,364			9,499		6.4				153,426			139,092			14,334		10.3
	Nonearning assets					25,341			24,132			1,209		5.0				24,676			23,874			802		3.4
	Total assets				$	182,204		$	171,496		$	10,708		6.2	%		$	178,102		$	162,966		$	15,136		9.3	%
Liabilities and Shareholders' Equity
	Deposits
		Noninterest-bearing deposits			$	31,849		$	25,216		$	6,633		26.3	%		$	28,925		$	22,945		$	5,980		26.1	%
		Interest checking				19,837			19,467			370		1.9				19,904			18,614			1,290		6.9
		Money market and savings				47,965			44,789			3,176		7.1				46,927			41,287			5,640		13.7
		Certificates and other time deposits				31,724			32,290			(566)		(1.8)				31,647			28,825			2,822		9.8
		Foreign office deposits - interest-bearing				387			163			224		137.4				214			647			(433)		(66.9)
			Total deposits			131,762			121,925			9,837		8.1				127,617			112,318			15,299		13.6
	Fed funds purchased, repos and other borrowings					3,340			3,727			(387)		(10.4)				3,408			5,189			(1,781)		(34.3)
	Long-term debt					18,689			21,689			(3,000)		(13.8)				20,651			22,257			(1,606)		(7.2)
	Other liabilities					7,225			6,400			825		12.9				6,949			5,935			1,014		17.1
			Total liabilities			161,016			153,741			7,275		4.7				158,625			145,699			12,926		8.9
	Shareholders' equity					21,188			17,755			3,433		19.3				19,477			17,267			2,210		12.8
	Total liabilities and shareholders' equity				$	182,204		$	171,496		$	10,708		6.2	%		$	178,102		$	162,966		$	15,136		9.3	%
Average balances exclude basis adjustments for fair value hedges.
(1)	Total securities include securities available for sale and securities held to maturity.
NM - not meaningful.

BB&T Corporation
Average Balance Sheets - Five Quarter Trend
(Dollars in millions)
					Quarter Ended
					Dec. 31			Sept. 30			June 30			March 31			Dec. 31
					2012			2012			2012			2012			2011
Assets
	Total securities, at amortized cost (1)
		U.S. government-sponsored entities (GSE)			$	3,228		$	870		$	848		$	820		$	709
		Mortgage-backed securities issued by GSE				29,162			30,338			32,176			31,742			31,053
		States and political subdivisions				1,841			1,848			1,857			1,858			1,861
		Non-agency mortgage-backed securities				312			325			338			411			459
		Other securities				695			708			704			532			544
		Covered securities				1,145			1,171			1,191			1,226			1,241
			Total securities			36,383			35,260			37,114			36,589			35,867
	Other earning assets					3,377			3,049			3,511			3,502			2,974
	Loans and leases
		Commercial loans and leases
			Commercial and industrial			38,022			37,516			36,293			36,021			35,232
			Commercial real estate—other			11,032			10,823			10,578			10,678			10,839
			Commercial real estate—residential ADC			1,398			1,534			1,744			1,989			2,298
		Direct retail lending				15,767			15,520			15,071			14,712			14,183
		Sales finance loans				7,724			7,789			7,690			7,516			7,308
		Revolving credit loans				2,280			2,234			2,178			2,175			2,159
		Residential mortgage loans				23,820			23,481			22,114			21,056			20,051
		Other lending subsidiaries				10,051			9,998			9,370			8,668			8,627
			Total loans and leases held for investment (excluding covered loans)			110,094			108,895			105,038			102,815			100,697
		Covered loans				3,477			3,826			4,211			4,672			5,109
			Total loans and leases held for investment			113,571			112,721			109,249			107,487			105,806
		Loans held for sale				3,532			2,888			2,511			2,916			2,717
			Total loans and leases			117,103			115,609			111,760			110,403			108,523
				Total earning assets		156,863			153,918			152,385			150,494			147,364
	Nonearning assets					25,341			25,388			24,485			23,475			24,132
	Total assets				$	182,204		$	179,306		$	176,870		$	173,969		$	171,496
Liabilities and Shareholders' Equity
	Deposits
		Noninterest-bearing deposits			$	31,849		$	29,990		$	27,643		$	26,173		$	25,216
		Interest checking				19,837			20,157			19,911			19,712			19,467
		Money market and savings				47,965			47,500			46,557			45,667			44,789
		Certificates and other time deposits				31,724			30,727			31,205			32,942			32,290
		Foreign office deposits - interest-bearing				387			321			32			112			163
			Total deposits			131,762			128,695			125,348			124,606			121,925
	Fed funds purchased, repos and other borrowings					3,340			3,478			3,362			3,452			3,727
	Long-term debt					18,689			19,682			22,544			21,720			21,689
	Other liabilities					7,225			7,326			6,879			6,362			6,400
		Total liabilities				161,016			159,181			158,133			156,140			153,741
	Shareholders' equity					21,188			20,125			18,737			17,829			17,755
	Total liabilities and shareholders' equity				$	182,204		$	179,306		$	176,870		$	173,969		$	171,496
Average balances exclude basis adjustments for fair value hedges.
(1)	Total securities include securities available for sale and securities held to maturity.

BB&T Corporation
Average Balances and Rates - Quarters
(Dollars in millions)
					Quarter Ended
					December 31, 2012								September 30, 2012
					(1)			Interest		(2)			(1)			Interest		(2)
					Average			Income/		Yields/			Average			Income/		Yields/
					Balances			Expense		Rates			Balances			Expense		Rates
Assets
	Total securities, at amortized cost (3)
		U.S. government-sponsored entities (GSE)			$	3,228		$	15	1.83	%		$	870		$	3	1.43	%
		Mortgage-backed securities issued by GSE				29,162			139	1.90				30,338			151	2.00
		States and political subdivisions				1,841			27	5.82				1,848			27	5.83
		Non-agency mortgage-backed securities				312			4	5.67				325			5	5.55
		Other securities				695			2	1.48				708			3	1.57
		Covered securities				1,145			48	16.53				1,171			44	15.12
			Total securities			36,383			235	2.58				35,260			233	2.64
	Other earning assets					3,377			10	1.16				3,049			8	1.07
	Loans and leases
		Commercial loans and leases
			Commercial and industrial			38,022			369	3.87				37,516			367	3.89
			Commercial real estate—other			11,032			106	3.82				10,823			104	3.83
			Commercial real estate—residential ADC			1,398			15	4.14				1,534			14	3.78
		Direct retail lending				15,767			191	4.80				15,520			187	4.81
		Sales finance loans				7,724			73	3.72				7,789			75	3.85
		Revolving credit loans				2,280			48	8.40				2,234			47	8.39
		Residential mortgage loans				23,820			251	4.23				23,481			252	4.28
		Other lending subsidiaries				10,051			271	10.73				9,998			271	10.80
			Total loans and leases held for investment
				(excluding covered loans)		110,094			1,324	4.79				108,895			1,317	4.82
		Covered loans				3,477			166	18.98				3,826			175	18.21
			Total loans and leases held for investment			113,571			1,490	5.22				112,721			1,492	5.27
		Loans held for sale				3,532			28	3.27				2,888			25	3.35
			Total loans and leases			117,103			1,518	5.16				115,609			1,517	5.23
				Total earning assets		156,863			1,763	4.48				153,918			1,758	4.55
	Nonearning assets					25,341								25,388
	Total assets				$	182,204							$	179,306
Liabilities and Shareholders' Equity
	Interest-bearing deposits
		Interest checking			$	19,837			6	0.12			$	20,157			7	0.12
		Money market and savings				47,965			19	0.15				47,500			22	0.19
		Certificates and other time deposits				31,724			71	0.90				30,727			76	0.99
		Foreign office deposits - interest-bearing				387			―	0.13				321			―	0.12
			Total interest-bearing deposits			99,913			96	0.38				98,705			105	0.42
	Fed funds purchased, repos and other borrowings					3,340			2	0.27				3,478			3	0.25
	Long-term debt					18,689			152	3.24				19,682			130	2.64
		Total interest-bearing liabilities				121,942			250	0.82				121,865			238	0.78
	Noninterest-bearing deposits					31,849								29,990
	Other liabilities					7,225								7,326
	Shareholders' equity					21,188								20,125
	Total liabilities and shareholders' equity				$	182,204							$	179,306
	Average interest-rate spread									3.66								3.77
	Net interest income/ net interest margin							$	1,513	3.84	%					$	1,520	3.94	%
	Taxable-equivalent adjustment							$	37							$	37
Applicable ratios are annualized.
(1)	Excludes basis adjustments for fair value hedges.
(2)	Yields are on a fully taxable-equivalent basis.
(3)	Total securities include securities available for sale and securities held to maturity.

 

BB&T Corporation
Average Balances and Rates - Quarters
(Dollars in millions)
					Quarter Ended
					June 30, 2012								March 31, 2012								December 31, 2011
					(1)			Interest		(2)			(1)			Interest		(2)			(1)			Interest		(2)
					Average			Income/		Yields/			Average			Income/		Yields/			Average			Income/		Yields/
					Balances			Expense		Rates			Balances			Expense		Rates			Balances			Expense		Rates
Assets
	Total securities, at amortized cost (3)
		U.S. government-sponsored entities (GSE)			$	848		$	3	1.49	%		$	820		$	3	1.54	%		$	709		$	2	1.57	%
		Mortgage-backed securities issued by GSE				32,176			160	1.98				31,742			174	2.20				31,053			164	2.12
		States and political subdivisions				1,857			27	5.85				1,858			27	5.84				1,861			28	5.82
		Non-agency mortgage-backed securities				338			5	5.76				411			6	5.98				459			8	7.26
		Other securities				704			3	1.58				532			2	1.64				544			2	1.61
		Covered securities				1,191			46	15.62				1,226			34	11.02				1,241			43	13.89
			Total securities			37,114			244	2.62				36,589			246	2.70				35,867			247	2.76
	Other earning assets					3,511			6	0.69				3,502			7	0.76				2,974			4	0.57
	Loans and leases
		Commercial loans and leases
			Commercial and industrial			36,293			366	4.06				36,021			362	4.04				35,232			368	4.14
			Commercial real estate—other			10,578			100	3.79				10,678			101	3.81				10,839			105	3.82
			Commercial real estate—residential ADC			1,744			16	3.67				1,989			18	3.58				2,298			20	3.46
		Direct retail lending				15,071			184	4.90				14,712			182	4.98				14,183			183	5.12
		Sales finance loans				7,690			77	4.03				7,516			80	4.27				7,308			84	4.56
		Revolving credit loans				2,178			45	8.35				2,175			46	8.51				2,159			48	8.68
		Residential mortgage loans				22,114			247	4.47				21,056			239	4.54				20,051			232	4.65
		Other lending subsidiaries				9,370			260	11.17				8,668			249	11.53				8,627			247	11.36
			Total loans and leases held for investment
				(excluding covered loans)		105,038			1,295	4.95				102,815			1,277	4.99				100,697			1,287	5.08
		Covered loans				4,211			200	19.01				4,672			224	19.32				5,109			244	18.96
			Total loans and leases held for investment			109,249			1,495	5.50				107,487			1,501	5.61				105,806			1,531	5.75
		Loans held for sale				2,511			22	3.51				2,916			26	3.62				2,717			25	3.71
			Total loans and leases			111,760			1,517	5.45				110,403			1,527	5.56				108,523			1,556	5.69
				Total earning assets		152,385			1,767	4.65				150,494			1,780	4.75				147,364			1,807	4.88
	Nonearning assets					24,485								23,475								24,132
	Total assets				$	176,870							$	173,969							$	171,496
Liabilities and Shareholders' Equity
	Interest-bearing deposits
		Interest checking			$	19,911			6	0.12			$	19,712			6	0.13			$	19,467			7	0.15
		Money market and savings				46,557			22	0.19				45,667			22	0.19				44,789			24	0.21
		Certificates and other time deposits				31,205			79	1.02				32,942			93	1.13				32,290			106	1.30
		Foreign office deposits - interest-bearing				32			―	0.06				112			―	0.03				163			―	0.03
			Total interest-bearing deposits			97,705			107	0.44				98,433			121	0.49				96,709			137	0.56
	Fed funds purchased, repos and other borrowings					3,362			3	0.31				3,452			1	0.23				3,727			2	0.24
	Long-term debt					22,544			157	2.79				21,720			185	3.41				21,689			179	3.28
		Total interest-bearing liabilities				123,611			267	0.87				123,605			307	1.00				122,125			318	1.04
	Noninterest-bearing deposits					27,643								26,173								25,216
	Other liabilities					6,879								6,362								6,400
	Shareholders' equity					18,737								17,829								17,755
	Total liabilities and shareholders' equity				$	176,870							$	173,969							$	171,496
	Average interest-rate spread									3.78								3.75								3.84
	Net interest income/ net interest margin							$	1,500	3.95	%					$	1,473	3.93	%					$	1,489	4.02	%
	Taxable-equivalent adjustment							$	38							$	37							$	37
Applicable ratios are annualized.
(1)	Excludes basis adjustments for fair value hedges.
(2)	Yields are on a fully taxable-equivalent basis.
(3)	Total securities include securities available for sale and securities held to maturity.

BB&T Corporation
Average Balances and Rates - Year-To-Date
(Dollars in millions)
					Year-to-Date
					December 31, 2012								December 31, 2011
					(1)			Interest		(2)			(1)			Interest		(2)
					Average			Income/		Yields/			Average			Income/		Yields/
					Balances			Expense		Rates			Balances			Expense		Rates
Assets
	Total securities, at amortized cost (3)
		U.S. government-sponsored entities (GSE)			$	1,445		$	24	1.67	%		$	288		$	4	1.52	%
		Mortgage-backed securities issued by GSE				30,848			624	2.02				25,305			472	1.86
		States and political subdivisions				1,851			108	5.83				1,895			109	5.72
		Non-agency mortgage-backed securities				346			20	5.76				528			35	6.72
		Other securities				661			10	1.56				658			10	1.55
		Covered securities				1,183			172	14.53				1,249			168	13.46
			Total securities			36,334			958	2.64				29,923			798	2.67
	Other earning assets					3,359			31	0.91				3,207			20	0.62
	Loans and leases
		Commercial loans and leases
			Commercial and industrial			36,966			1,464	3.96				34,153			1,446	4.23
			Commercial real estate—other			10,779			411	3.81				11,139			425	3.81
			Commercial real estate—residential ADC			1,665			63	3.76				2,769			97	3.51
		Direct retail lending				15,270			744	4.87				13,850			722	5.22
		Sales finance loans				7,680			305	3.97				7,202			352	4.88
		Revolving credit loans				2,217			186	8.41				2,106			185	8.77
		Residential mortgage loans				22,623			989	4.37				18,782			902	4.80
		Other lending subsidiaries				9,525			1,051	11.04				8,280			953	11.51
			Total loans and leases held for investment
				(excluding covered loans)		106,725			5,213	4.88				98,281			5,082	5.17
		Covered loans				4,045			765	18.91				5,498			1,053	19.15
			Total loans and leases held for investment			110,770			5,978	5.40				103,779			6,135	5.91
		Loans held for sale				2,963			101	3.42				2,183			82	3.75
			Total loans and leases			113,733			6,079	5.35				105,962			6,217	5.87
				Total earning assets		153,426			7,068	4.61				139,092			7,035	5.06
	Nonearning assets					24,676								23,874
	Total assets				$	178,102							$	162,966
Liabilities and Shareholders' Equity
	Interest-bearing deposits
		Interest checking			$	19,904			25	0.12			$	18,614			30	0.16
		Money market and savings				46,927			85	0.18				41,287			129	0.31
		Certificates and other time deposits				31,647			319	1.01				28,825			453	1.57
		Foreign office deposits - interest-bearing				214			―	0.11				647			(2)	(0.37)
			Total interest-bearing deposits			98,692			429	0.43				89,373			610	0.68
	Fed funds purchased, repos and other borrowings					3,408			9	0.26				5,189			14	0.27
	Long-term debt					20,651			624	3.02				22,257			757	3.40
		Total interest-bearing liabilities				122,751			1,062	0.86				116,819			1,381	1.18
	Noninterest-bearing deposits					28,925								22,945
	Other liabilities					6,949								5,935
	Shareholders' equity					19,477								17,267
	Total liabilities and shareholders' equity				$	178,102							$	162,966
	Average interest-rate spread									3.75								3.88
	Net interest income/ net interest margin							$	6,006	3.91	%					$	5,654	4.06	%
	Taxable-equivalent adjustment							$	149							$	147
Applicable ratios are annualized.
(1)	Excludes basis adjustments for fair value hedges.
(2)	Yields are on a fully taxable-equivalent basis.
(3)	Total securities include securities available for sale and securities held to maturity.

BB&T Corporation
Credit Quality
(Dollars in millions)
				As of
				Dec. 31			Sept. 30			June 30			March 31			Dec. 31
				2012			2012			2012			2012			2011
Nonperforming assets (1)
	Nonaccrual loans and leases
		Commercial loans and leases
			Commercial and industrial	$	546		$	597		$	620		$	685		$	582
			Commercial real estate—other		212			259			301			312			394
			Commercial real estate—residential ADC		128			204			241			312			376
		Direct retail lending			132			134			133			139			142
		Sales finance loans			7			7			13			15			7
		Residential mortgage loans			269			266			263			320			308
		Other lending subsidiaries			86			73			76			60			63
			Total nonaccrual loans and leases held for investment		1,380			1,540			1,647			1,843			1,872
	Foreclosed real estate (2)				107			139			221			378			536
	Other foreclosed property				49			39			29			35			42
			Total nonperforming assets (excluding covered assets) (2)	$	1,536		$	1,718		$	1,897		$	2,256		$	2,450
Performing troubled debt restructurings (TDRs) (3)
		Commercial loans and leases
			Commercial and industrial	$	77		$	66		$	62		$	76		$	74
			Commercial real estate—other		67			75			78			82			117
			Commercial real estate—residential ADC		21			25			28			30			44
		Direct retail lending			197			120			114			117			146
		Sales finance loans			19			7			7			7			8
		Revolving credit loans			56			58			58			61			62
		Residential mortgage loans (6)			769			646			636			589			608
		Other lending subsidiaries			96			77			69			53			50
			Total performing TDRs (6)(11)	$	1,302		$	1,074		$	1,052		$	1,015		$	1,109
Loans 90 days or more past due and still accruing
		Commercial loans and leases
			Commercial and industrial	$	1		$	1		$	2		$	2		$	2
			Commercial real estate—other		―			―			―			1			―
		Direct retail lending			38			41			39			49			56
		Sales finance loans			10			11			11			13			18
		Revolving credit loans			16			14			13			14			17
		Residential mortgage loans (7)(9)			92			80			78			72			104
		Other lending subsidiaries			10			5			4			6			5
			Total loans 90 days past due and still accruing (excluding covered loans) (4)(7)(9)	$	167		$	152		$	147		$	157		$	202
Loans 30-89 days past due
		Commercial loans and leases
			Commercial and industrial	$	42		$	41		$	53		$	62		$	85
			Commercial real estate—other		12			9			16			26			22
			Commercial real estate—residential ADC		2			8			9			8			14
		Direct retail lending			145			136			119			135			162
		Sales finance loans			56			53			49			50			75
		Revolving credit loans			23			21			20			20			22
		Residential mortgage loans (8)(10)			498			501			423			397			479
		Other lending subsidiaries			290			259			218			172			273
			Total loans 30-89 days past due (excluding covered loans) (5)(8)(10)	$	1,068		$	1,028		$	907		$	870		$	1,132
(1)	Covered loans are considered to be performing due to the application of the accretion method. Covered loans that are contractually past due are noted in the footnotes below.
(2)	Excludes foreclosed real estate totaling $254 million, $289 million, $310 million, $364 million and $378 million at December 31, 2012, September 30, 2012, June 30, 2012, March 31, 2012 and December 31, 2011, respectively, that are covered by FDIC loss sharing agreements.
(3)	Excludes TDRs that are nonperforming totaling $231 million, $225 million, $219 million, $263 million and $280 million at December 31, 2012, September 30, 2012, June 30, 2012, March 31, 2012 and December 31, 2011, respectively. These amounts are included in total nonperforming assets.
(4)	Excludes loans past due 90 days or more that are covered by FDIC loss sharing agreements totaling $442 million, $476 million, $613 million, $677 million and $736 million at December 31, 2012, September 30, 2012, June 30, 2012, March 31, 2012 and December 31, 2011, respectively.
(5)	Excludes loans past due 30-89 days that are covered by FDIC loss sharing agreements totaling $135 million, $173 million, $199 million, $258 million and $222 million at December 31, 2012, September 30, 2012, June 30, 2012, March 31, 2012 and December 31, 2011, respectively.
(6)	Excludes mortgage TDRs that are government guaranteed totaling $315 million, $275 million, $266 million, $242 million and $236 million at December 31, 2012, September 30, 2012, June 30, 2012, March 31, 2012 and December 31, 2011, respectively. Includes mortgage TDRs held for sale.
(7)	Excludes mortgage loans past due 90 days or more that are government guaranteed totaling $254 million, $233 million, $217 million, $218 million and $206 million at December 31, 2012, September 30, 2012, June 30, 2012, March 31, 2012 and December 31, 2011, respectively. Includes past due mortgage loans held for sale.
(8)	Excludes mortgage loans past due 30-89 days that are government guaranteed totaling $96 million, $95 million, $94 million, $82 million and $91 million at December 31, 2012, September 30, 2012, June 30, 2012, March 31, 2012 and December 31, 2011, respectively. Includes past due mortgage loans held for sale.
(9)	Excludes mortgage loans guaranteed by GNMA that BB&T does not have the obligation to repurchase that are past due 90 days or more totaling $517 million, $499 million, $453 million, $439 million and $426 million at December 31, 2012, September 30, 2012, June 30, 2012, March 31, 2012 and December 31, 2011, respectively.
(10)	Excludes mortgage loans guaranteed by GNMA that BB&T does not have the obligation to repurchase that are past due 30-89 days totaling $5 million, $6 million, $5 million, $5 million and $7 million at December 31, 2012, September 30, 2012, June 30, 2012, March 31, 2012 and December 31, 2011, respectively.
(11)	Includes $226 million of performing loans that were classified as TDRs during the fourth quarter of 2012 in connection with recent regulatory guidance related to loans discharged in bankruptcy not reaffirmed by the borrower.

 

BB&T Corporation
Credit Quality
(Dollars in millions)
				As of/For the Quarter Ended
				Dec. 31			Sept. 30			June 30			March 31			Dec. 31
				2012			2012			2012			2012			2011
Allowance for credit losses
	Beginning balance			$	2,096		$	2,157		$	2,221		$	2,285		$	2,406
	Provision for credit losses (excluding covered loans)				256			244			259			285			223
	Provision for covered loans				(4)			―			14			3			49
	Charge-offs
		Commercial loans and leases
			Commercial and industrial		(98)			(84)			(92)			(63)			(81)
			Commercial real estate—other		(41)			(40)			(51)			(73)			(60)
			Commercial real estate—residential ADC		(27)			(35)			(74)			(54)			(92)
		Direct retail lending			(54)			(57)			(56)			(57)			(58)
		Sales finance loans			(7)			(5)			(7)			(7)			(8)
		Revolving credit loans			(19)			(20)			(20)			(22)			(21)
		Residential mortgage loans			(29)			(35)			(30)			(42)			(45)
		Other lending subsidiaries			(60)			(58)			(47)			(60)			(53)
		Covered loans			(5)			(2)			(12)			(15)			(13)
			Total charge-offs		(340)			(336)			(389)			(393)			(431)
	Recoveries
		Commercial loans and leases
			Commercial and industrial		5			4			4			4			6
			Commercial real estate—other		4			3			3			3			3
			Commercial real estate—residential ADC		8			2			23			8			5
		Direct retail lending			9			9			8			10			10
		Sales finance loans			3			2			2			3			2
		Revolving credit loans			4			5			4			5			5
		Residential mortgage loans			1			―			1			1			2
		Other lending subsidiaries			6			6			7			7			5
			Total recoveries		40			31			52			41			38
	Net charge-offs				(300)			(305)			(337)			(352)			(393)
	Ending balance			$	2,048		$	2,096		$	2,157		$	2,221		$	2,285
Allowance for credit losses
	Allowance for loan and lease losses (excluding covered loans)			$	1,890		$	1,914		$	1,987		$	2,044		$	2,107
	Allowance for covered loans				128			137			139			137			149
	Reserve for unfunded lending commitments				30			45			31			40			29
		Total		$	2,048		$	2,096		$	2,157		$	2,221		$	2,285
														As of/For the
														Twelve Months Ended
														December 31
														2012			2011
Allowance for credit losses
	Beginning balance												$	2,285		$	2,755
	Provision for credit losses (excluding covered loans)													1,044			1,119
	Provision for covered loans													13			71
	Charge-offs
		Commercial loans and leases
			Commercial and industrial											(337)			(323)
			Commercial real estate—other											(205)			(273)
			Commercial real estate—residential ADC											(190)			(302)
		Direct retail lending												(224)			(276)
		Sales finance loans												(26)			(32)
		Revolving credit loans												(81)			(95)
		Residential mortgage loans (1)												(136)			(269)
		Other lending subsidiaries												(225)			(190)
		Covered loans												(34)			(66)
			Total charge-offs											(1,458)			(1,826)
	Recoveries
		Commercial loans and leases
			Commercial and industrial											17			28
			Commercial real estate—other											13			18
			Commercial real estate—residential ADC											41			25
		Direct retail lending												36			37
		Sales finance loans												10			9
		Revolving credit loans												18			19
		Residential mortgage loans												3			5
		Other lending subsidiaries												26			25
			Total recoveries											164			166
	Net charge-offs													(1,294)			(1,660)
	Ending balance												$	2,048		$	2,285
(1)	Includes charge-offs of $87 million in the second quarter of 2011 in connection with BB&T's NPL disposition strategy.

 

BB&T Corporation
Credit Quality
			As of/For the Quarter Ended
			Dec. 31			Sept. 30			June 30			March 31			Dec. 31
			2012			2012			2012			2012			2011
Asset Quality Ratios (including covered assets)
	Loans 30-89 days past due and still accruing as a
		percentage of total loans and leases (1)(2)	1.02	%		1.02	%		0.97	%		1.02	%		1.22	%
	Loans 90 days or more past due and still accruing
		as a percentage of total loans and leases (1)(2)	0.52			0.53			0.67			0.75			0.84
	Nonperforming loans and leases as a
		percentage of total loans and leases	1.17			1.31			1.45			1.67			1.68
	Nonperforming assets as a percentage of:
		Total assets	0.97			1.10			1.24			1.50			1.62
		Loans and leases plus foreclosed property	1.51			1.70			1.93			2.35			2.52
	Net charge-offs as a percentage of average loans and leases		1.02			1.05			1.21			1.28			1.44
	Allowance for loan and lease losses as a percentage of
		loans and leases held for investment	1.76			1.80			1.91			2.02			2.10
	Ratio of allowance for loan and lease losses to:
		Net charge-offs	1.69	X		1.69	X		1.57	X		1.54	X		1.45	X
		Nonperforming loans and leases held for investment	1.46			1.33			1.29			1.18			1.21
Asset Quality Ratios (excluding covered assets) (3)
	Loans 30-89 days past due and still accruing as a
		percentage of total loans and leases (1)(2)	0.93	%		0.90	%		0.83	%		0.82	%		1.06	%
	Loans 90 days or more past due and still accruing
		as a percentage of total loans and leases (1)(2)	0.15			0.13			0.13			0.15			0.19
	Nonperforming loans and leases as a
		percentage of total loans and leases	1.20			1.35			1.50			1.74			1.76
	Nonperforming assets as a percentage of:
		Total assets	0.85			0.97			1.09			1.33			1.45
		Loans and leases plus foreclosed property	1.33			1.51			1.72			2.12			2.29
	Net charge-offs as a percentage of average loans and leases		1.04			1.08			1.22			1.28			1.46
	Allowance for loan and lease losses as a percentage of
		loans and leases held for investment	1.70			1.73			1.86			1.97			2.05
	Ratio of allowance for loan and lease losses to:
		Net charge-offs	1.60	X		1.59	X		1.52	X		1.51	X		1.40	X
		Nonperforming loans and leases held for investment	1.37			1.24			1.21			1.11			1.13
												As of/For the
												Twelve Months Ended
												December 31
												2012			2011
Asset Quality Ratios
	Including covered loans:
		Net charge-offs as a percentage of average loans and leases										1.14	%		1.57	%
		Ratio of allowance for loan and lease losses to net charge-offs										1.56	X		1.36	X
	Excluding covered loans:
		Net charge-offs as a percentage of average loans and leases (4)										1.15	%		1.59	%
		Ratio of allowance for loan and lease losses to net charge-offs										1.50	X		1.32	X
Applicable ratios are annualized.
(1)	Excludes mortgage loans guaranteed by GNMA that BB&T does not have the obligation to repurchase. Refer to the footnotes in the Credit Quality section of this supplement for amounts related to these loans.
(2)	Excludes mortgage loans guaranteed by the government. Refer to the footnotes in the Credit Quality section of this supplement for amounts related to these loans.
(3)	These asset quality ratios have been adjusted to remove the impact of covered loans and covered foreclosed property.  Appropriate adjustments to the numerator and denominator have been reflected in the calculation of these ratios.  Management believes the inclusion of covered loans in certain asset quality ratios that include nonperforming assets, past due loans or net charge-offs in the numerator or denominator results in distortion of these ratios and they may not be comparable to other periods presented or to other portfolios that were not impacted by purchase accounting.
(4)	Excluding the impact of losses and balances associated with BB&T's NPL disposition strategy, the adjusted net charge-offs ratio would have been 1.50% for the twelve months ended December 31, 2011.

BB&T Corporation
Credit Quality - Supplemental Information
(Dollars in millions)
			As of December 31, 2012
								Past Due 30-89					Past Due 90+
			Current Status					Days					Days					Total
Performing TDRs: (1)
	Commercial loans
		Commercial and industrial	$	76	98.7	%		$	1	1.3	%		$	―	―	%		$	77
		Commercial real estate—other		67	100.0				―	―				―	―				67
		Commercial real estate—residential ADC		21	100.0				―	―				―	―				21
	Direct retail lending			183	92.9				12	6.1				2	1.0				197
	Sales finance loans			16	84.2				2	10.5				1	5.3				19
	Revolving credit loans			45	80.4				5	8.9				6	10.7				56
	Residential mortgage loans (2)			643	83.6				106	13.8				20	2.6				769
	Other lending subsidiaries			84	87.5				12	12.5				―	―				96
		Total performing TDRs		1,135	87.2				138	10.6				29	2.2				1,302
Nonperforming TDRs (3)				60	26.0				22	9.5				149	64.5				231
		Total TDRs (2)	$	1,195	78.0	%		$	160	10.4	%		$	178	11.6	%		$	1,533

 

				Quarter Ended
				Dec. 31		Sept. 30		June 30		March 31		Dec. 31
				2012		2012		2012		2012		2011
Net charge-offs as a percentage of
	average loans and leases:
Commercial loans and leases
	Commercial and industrial			0.97	%	0.85	%	0.97	%	0.66	%	0.84	%
	Commercial real estate—other			1.37		1.37		1.84		2.64		2.11
	Commercial real estate—residential ADC			5.36		8.40		11.74		9.37		14.84
Direct retail lending				1.13		1.24		1.27		1.28		1.36
Sales finance loans				0.20		0.16		0.24		0.23		0.34
Revolving credit loans				2.65		2.63		3.05		3.12		3.13
Residential mortgage loans				0.47		0.59		0.53		0.78		0.86
Other lending subsidiaries				2.16		2.04		1.74		2.45		2.16
Covered loans				0.50		0.28		1.11		1.29		0.99
Total loans and leases (4)				1.02		1.05		1.21		1.28		1.44
Total loans and leases, excluding covered loans (4)				1.04		1.08		1.22		1.28		1.46
										Year-to-date
										Dec. 31		Dec. 31
										2012		2011
Net charge-offs as a percentage of
	average loans and leases:
Commercial loans and leases
	Commercial and industrial									0.87	%	0.86	%
	Commercial real estate—other									1.80		2.29
	Commercial real estate—residential ADC									8.92		9.97
Direct retail lending										1.23		1.74
Sales finance loans										0.21		0.32
Revolving credit loans										2.86		3.62
Residential mortgage loans										0.59		1.41
Other lending subsidiaries										2.09		1.99
Covered loans										0.83		1.20
Total loans and leases (4)										1.14		1.57
Total loans and leases, excluding covered loans (4)										1.15		1.59
Applicable ratios are annualized.
(1)	Past due performing TDRs are included in past due disclosures.
(2)	Excludes mortgage TDRs that are government guaranteed totaling $315 million.
(3)	Nonperforming TDRs are included in nonaccrual loan disclosures.
(4)	Total loans and leases includes loans held for sale.

BB&T Corporation
Capital Information - Five Quarter Trend
(Dollars in millions, except per share data, shares in thousands)
				As of / Quarter Ended
			Dec. 31				Sept. 30				June 30				March 31				Dec. 31
			2012				2012				2012				2012				2011
Selected Capital Information (1)
	Risk-based capital
		Tier 1	$	14,373			$	13,593			$	12,383			$	15,207			$	14,913
		Total		18,146				17,536				16,433				19,342				18,802
	Risk-weighted assets (2)			126,466				125,156				121,922				119,042				119,725
	Average quarterly tangible assets			175,015				172,100				170,042				167,771				165,349
	Risk-based capital ratios
		Tier 1		11.4	%			10.9	%			10.2	%			12.8	%			12.5	%
		Total		14.3				14.0				13.5				16.2				15.7
	Leverage capital ratio			8.2				7.9				7.3				9.1				9.0
	Equity as a percentage of total assets			11.5				11.3				10.6				10.2				10.0
	Book value per common share		$	27.21			$	26.88			$	26.19			$	25.51			$	24.98
Selected non-GAAP Capital Information (3)
	Tangible common equity as a percentage of tangible assets			6.9	%			6.8	%			6.9	%			7.1	%			6.9	%
	Tier 1 common equity as a percentage of risk-weighted assets			9.7				9.5				9.7				10.0				9.7
	Tangible book value per common share		$	17.52			$	17.02			$	16.92			$	17.12			$	16.73
Calculations of Tier 1 common equity and tangible assets and related measures:
Tier 1 equity			$	14,373			$	13,593			$	12,383			$	15,207			$	14,913
Less:
	Preferred stock			2,116				1,679				559				―				―
	Qualifying restricted core capital elements			―				5				―				3,250				3,250
Tier 1 common equity			$	12,257			$	11,909			$	11,824			$	11,957			$	11,663
Total assets			$	183,872			$	182,021			$	178,529			$	174,752			$	174,579
Less:
	Intangible assets, net of deferred taxes			7,273				7,239				6,950				6,402				6,406
Plus:
	Regulatory adjustments, net of deferred taxes			212				81				239				327				421
Tangible assets			$	176,811			$	174,863			$	171,818			$	168,677			$	168,594
Total risk-weighted assets (2)			$	126,466			$	125,156			$	121,922			$	119,042			$	119,725
Tangible common equity as a percentage of tangible assets				6.9	%			6.8	%			6.9	%			7.1	%			6.9	%
Tier 1 common equity as a percentage of risk-weighted assets				9.7				9.5				9.7				10.0				9.7
Tier 1 common equity			$	12,257			$	11,909			$	11,824			$	11,957			$	11,663
Outstanding shares at end of period (in thousands)				699,728				699,541				698,795				698,454				697,143
Tangible book value per common share			$	17.52			$	17.02			$	16.92			$	17.12			$	16.73
(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.

BB&T Corporation
Selected Items & Additional Information
(Dollars in millions, except per share data)
																Favorable (Unfavorable)
Selected Items																Pre-Tax				After-Tax
Fourth Quarter 2012
	None
Third Quarter 2012
	Mortgage repurchase expense adjustments (1)			Loan-related expense												$	(28)			$	(17)
Second Quarter 2012
	Leveraged lease tax benefit			Provision for income taxes													N/A				12
First Quarter 2012
	Tax related items, net (2)			Other noninterest income													(42)				(50)
	Leveraged lease write-downs			Other noninterest expense													(15)				(10)
Fourth Quarter 2011
	Losses/write-downs related to NPL disposition strategy			Other noninterest income													(11)				(7)
	VISA indemnification			Other noninterest expense													(11)				(7)
Third Quarter 2011
	Losses/write-downs related to NPL disposition strategy			Other noninterest income													(37)				(23)
	Leveraged lease sale			Other noninterest expense													(16)				10
Second Quarter 2011
	Losses/write-downs related to NPL disposition strategy			Other noninterest income													(27)				(17)
First Quarter 2011
	Losses/write-downs related to NPL disposition strategy			Other noninterest income													(74)				(46)
				As of / Quarter Ended
				Dec. 31				Sept. 30				June 30				March 31				Dec. 31
				2012				2012				2012				2012				2011
Selected Mortgage Banking Information
	Income statement impact of mortgage servicing rights valuation
		MSRs fair value increase (decrease)		$	35			$	(29)			$	(132)			$	93			$	(23)
		MSRs hedge gains (losses)			(20)				49				152				(53)				45
			Net	$	15			$	20			$	20			$	40			$	22
	Residential mortgage loan originations			$	8,570			$	8,234			$	8,045			$	8,250			$	8,424
	Residential mortgage servicing portfolio (3)
		Loans serviced for others			73,769				72,343				71,389				70,318				67,066
		Bank-owned loans serviced			27,501				27,194				26,171				24,308				24,574
			Total servicing portfolio		101,270				99,537				97,560				94,626				91,640
	Weighted-average coupon rate				4.59	%			4.71	%			4.81	%			4.89	%			5.02	%
	Weighted-average servicing fee				0.319				0.322				0.327				0.332				0.338
Selected Miscellaneous Information
	Derivatives notional amount			$	73,266			$	81,407			$	76,989			$	69,059			$	67,581
	Fair value of derivatives				13				(47)				(52)				(78)				19
	Accumulated comprehensive income related to securities,
		net of tax (4)			329				357				216				134				50
	Common stock prices
		High			33.89				34.37				32.74				31.94				25.57
		Low			26.86				30.41				27.40				25.26				19.76
		End of period			29.11				33.16				30.85				31.39				25.17
	Banking offices				1,832				1,851				1,774				1,773				1,779
	ATMs				2,826				2,750				2,511				2,436				2,483
	FTEs				33,981				34,006				32,998				31,185				31,774
(1)	Related to better identification of unrecoverable costs associated with investor-owned loans.
(2)	Includes write-downs of investments in affordable housing and other tax adjustments.
(3)	Amounts reported are unpaid principal balance.
(4)	Includes the impact of the FDIC loss sharing agreements on the covered securities.

BB&T Corporation
Non-GAAP Reconciliations
(Dollars in millions)
		Quarter Ended
		Dec. 31			Sept. 30			June 30			March 31			Dec. 31
Efficiency and Fee Income Ratios (1)		2012			2012			2012			2012			2011
Efficiency ratio - GAAP		58.8	%		61.6	%		57.9	%		59.0	%		67.1	%
	Effect of securities gains (losses), net	―			―			―			(0.2)			2.4
	Effect of merger-related and restructuring charges, net	(0.5)			(1.7)			(0.1)			(0.5)			(0.7)
	Effect of losses/write-downs on NPL disposition loans	―			―			―			―			(0.2)
	Effect of mortgage repurchase expense adjustments	―			(1.1)			―			―			―
	Effect of FDIC loss share accounting	(0.1)			―			0.2			0.1			0.9
	Effect of affordable housing investments write-down	―			―			―			(1.0)			―
	Effect of foreclosed property expense	(1.9)			(2.2)			(2.9)			(3.9)			(14.5)
	Effect of leveraged lease sale/write-downs	―			―			―			(0.6)			―
	Effect of VISA indemnification	―			―			―			―			(0.5)
	Effect of amortization of intangibles	(1.0)			(1.4)			(1.2)			(0.9)			(1.0)
Efficiency ratio - reported		55.3			55.2			53.9			52.0			53.5
Fee income ratio - GAAP		40.3	%		38.8	%		39.2	%		37.1	%		38.2	%
	Effect of securities gains (losses), net	―			―			―			0.2			(2.7)
	Effect of losses/write-downs on NPL disposition loans	―			―			―			―			0.3
	Effect of affordable housing investments write-down	―			―			―			1.1			―
	Effect of FDIC loss share accounting	3.8			3.6			3.2			2.6			2.6
Fee income ratio - reported		44.1			42.4			42.4			41.0			38.4
											Year-to-Date Dec. 31
											2012			2011
Efficiency ratio - GAAP											59.3	%		66.2	%
	Effect of securities gains (losses), net										(0.1)			0.4
	Effect of merger-related and restructuring charges, net										(0.7)			(0.2)
	Effect of losses/write-downs on NPL disposition loans										―			(1.0)
	Effect of mortgage repurchase expense adjustments										(0.1)			―
	Effect of FDIC loss share accounting										0.1			0.3
	Effect of affordable housing investments write-down										(0.2)			―
	Effect of foreclosed property expense										(2.7)			(9.1)
	Effect of leveraged lease sale/write-downs										(0.2)			(0.2)
	Effect of VISA indemnification										―			(0.1)
	Effect of amortization of intangibles										(1.1)			(1.1)
Efficiency ratio - reported											54.3			55.2
Fee income ratio - GAAP											38.9	%		35.5	%
	Effect of securities gains (losses), net										0.1			(0.4)
	Effect of losses/write-downs on NPL disposition loans										―			1.0
	Effect of affordable housing investments write-down										0.2			―
	Effect of FDIC loss share accounting										3.3			3.6
Fee income ratio - reported											42.5			39.7

 

				Quarter Ended
			Dec. 31				Sept. 30				June 30				March 31				Dec. 31
Return on Average Tangible Common Shareholders' Equity (2)			2012				2012				2012				2012				2011
Net income available to common shareholders			$	506			$	469			$	510			$	431			$	391
Plus:
	Amortization of intangibles, net of tax			17				19				18				14				15
Tangible net income available to common shareholders			$	523			$	488			$	528			$	445			$	406
Average common shareholders' equity			$	19,160			$	18,757			$	18,302			$	17,772			$	17,693
Less:
	Average intangible assets			7,463				7,341				7,031				6,510				6,485
Average tangible common shareholders' equity			$	11,697			$	11,416			$	11,271			$	11,262			$	11,208
Return on average tangible common shareholders' equity				17.80	%			17.01	%			18.85	%			15.88	%			14.36	%
															Year-to-Date Dec. 31
															2012				2011
Net income available to common shareholders															$	1,916			$	1,289
Plus:
	Amortization of intangibles, net of tax															68				62
Tangible net income available to common shareholders															$	1,984			$	1,351
Average common shareholders' equity															$	18,501			$	17,208
Less:
	Average intangible assets															7,088				6,484
Average tangible common shareholders' equity															$	11,413			$	10,724
Return on average tangible common shareholders' equity																17.39	%			12.60	%
(1)	BB&T's management uses these measures in their analysis of the Corporation's performance.  BB&T's management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods, as well as demonstrating the effects of significant gains and charges.
(2)	BB&T's management believes investors use this measure to evaluate the return on average common shareholders' equity without the impact of intangible assets and their related amortization.

 

 

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