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

Attached files

file	filename
8-K - 8-K - TRUIST FINANCIAL CORP	earningsrelease8kbody2q16.htm
EX-99.3 - EXHIBIT 99.3 - TRUIST FINANCIAL CORP	slidepresentation2q16.htm
EX-99.1 - EXHIBIT 99.1 - TRUIST FINANCIAL CORP	exhibit991text2q16.htm

Exhibit 99.2

BB&T Corporation

Quarterly Performance Summary

Second Quarter 2016



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 - Five Quarter Trend		5
Consolidated Balance Sheets - Five Quarter Trend		7
Average Balance Sheets		8
Average Balance Sheets - Five Quarter Trend		9
Average Balances and Rates - Quarters		10
Average Balances and Rates - Year-To-Date		11
Credit Quality		13
Credit Quality - Supplemental Information		16
Preliminary Capital Information - Five Quarter Trend		17
Selected Items & Additional Information		18
Non-GAAP Reconciliations		19



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BB&T Corporation
Financial Highlights
(Dollars in millions, except per share data, shares in thousands)
	Quarter Ended								Year-to-Date
	June 30						%		June 30						%
	2016			2015			Change		2016			2015			Change
Summary Income Statement
Interest income	$	1,845		$	1,525		21.0	%	$	3,605		$	3,053		18.1	%
Interest expense	188			177			6.2		380			358			6.1
Net interest income - taxable equivalent	1,657			1,348			22.9		3,225			2,695			19.7
Less: Taxable-equivalent adjustment	40			36			11.1		79			71			11.3
Net interest income	1,617			1,312			23.2		3,146			2,624			19.9
Provision for credit losses	111			97			14.4		295			196			50.5
Net interest income after provision for credit losses	1,506			1,215			24.0		2,851			2,428			17.4
Noninterest income	1,130			1,019			10.9		2,146			2,016			6.4
Noninterest expense	1,797			1,653			8.7		3,342			3,075			8.7
Income before income taxes	839			581			44.4		1,655			1,369			20.9
Provision for income taxes	252			80			NM		498			321			55.1
Net income	587			501			17.2		1,157			1,048			10.4
Noncontrolling interests	3			10			(70.0	)	9			32			(71.9	)
Preferred stock dividends	43			37			16.2		80			74			8.1
Net income available to common shareholders	541			454			19.2		1,068			942			13.4
Per Common Share Data
Earnings:
Basic	$	0.67		$	0.63		6.3	%	$	1.34		$	1.30		3.1	%
Diluted	0.66			0.62			6.5		1.32			1.29			2.3
Cash dividends declared	0.28			0.27			3.7		0.55			0.51			7.8
Common equity	32.72			30.64			6.8		32.72			30.64			6.8
Tangible common equity (1)	19.75			20.21			(2.3	)	19.75			20.21			(2.3	)

End of period shares outstanding	814,500			733,481			11.0		814,500			733,481			11.0
Weighted average shares:
Basic	814,261			724,880			12.3		797,727			723,268			10.3
Diluted	823,682			734,527			12.1		806,839			733,002			10.1
Performance Ratios
Return on average assets	1.06		%	1.06		%			1.07		%	1.12		%
Return on average risk-weighted assets	1.38			1.32					1.38			1.40
Return on average common shareholders' equity	8.21			8.20					8.33			8.62
Return on average tangible common shareholders' equity (2)	14.33			12.76					14.10			13.37
Net interest margin - taxable equivalent	3.41			3.27					3.42			3.30
Fee income ratio-adjusted (3)	42.8			46.3					41.8			46.1
Efficiency ratio-adjusted (3)	59.3			59.2					58.9			58.9
Credit Quality
Nonperforming assets as a percentage of:
Total assets	0.40		%	0.38		%			0.40		%	0.38		%
Loans and leases plus foreclosed property	0.62			0.60					0.62			0.60
Net charge-offs as a percentage of average loans and leases	0.28			0.33					0.37			0.33
Allowance for loan and lease losses as a percentage of loans and leases held for investment	1.06			1.19					1.06			1.19
Ratio of allowance for loan and lease losses to nonperforming loans and leases held for investment	1.90x			2.55x					1.90x			2.55x
Average Balances
Total assets	$	223,399		$	189,033		18.2	%	$	216,751		$	188,170		15.2	%
Total securities (4)	48,510			40,727			19.1		46,545			40,929			13.7
Loans and leases	143,097			122,056			17.2		139,362			121,150			15.0
Deposits	160,338			131,868			21.6		155,102			130,706			18.7
Common shareholders' equity	26,519			22,210			19.4		25,798			22,047			17.0
Shareholders' equity	29,610			24,888			19.0		28,718			24,728			16.1
Period-End Balances
Total assets	$	221,859		$	191,017		16.1	%	$	221,859		$	191,017		16.1	%
Total securities (4)	47,006			40,620			15.7		47,006			40,620			15.7
Loans and leases	144,711			124,770			16.0		144,711			124,770			16.0
Deposits	159,238			132,783			19.9		159,238			132,783			19.9
Common shareholders' equity	26,651			22,477			18.6		26,651			22,477			18.6
Shareholders' equity	29,743			25,132			18.3		29,743			25,132			18.3
Capital Ratios - Preliminary
Risk-based:
Common equity Tier 1	10.0		%	10.4		%			10.0		%	10.4		%
Tier 1	11.7			12.1					11.7			12.1
Total	13.9			14.2					13.9			14.2
Leverage	9.6			10.2					9.6			10.2
Tangible common equity to tangible assets (1)	7.6			8.1					7.6			8.1
Applicable ratios are annualized.
(1) Tangible common equity per share and tangible common equity to tangible assets ratios are non-GAAP measures. 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 certain items as detailed in the Non-GAAP Reconciliations section of this supplement.
(4) Excludes trading securities. 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.

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BB&T Corporation
Financial Highlights - Five Quarter Trend
(Dollars in millions, except per share data, shares in thousands)
	Quarter Ended
	June 30			March 31			Dec. 31			Sept. 30			June 30
	2016			2016			2015			2015			2015
Summary Income Statement
Interest income	$	1,845		$	1,760		$	1,733		$	1,687		$	1,525
Interest expense	188			192			191			186			177
Net interest income - taxable equivalent	1,657			1,568			1,542			1,501			1,348
Less: Taxable-equivalent adjustment	40			39			38			37			36
Net interest income	1,617			1,529			1,504			1,464			1,312
Provision for credit losses	111			184			129			103			97
Net interest income after provision for credit losses	1,506			1,345			1,375			1,361			1,215
Noninterest income	1,130			1,016			1,015			988			1,019
Noninterest expense	1,797			1,545			1,597			1,594			1,653
Income before income taxes	839			816			793			755			581
Provision for income taxes	252			246			251			222			80
Net income	587			570			542			533			501
Noncontrolling interests	3			6			3			4			10
Preferred stock dividends	43			37			37			37			37
Net income available to common shareholders	541			527			502			492			454
Per Common Share Data
Earnings:
Basic	$	0.67		$	0.67		$	0.64		$	0.64		$	0.63
Diluted	0.66			0.67			0.64			0.64			0.62
Cash dividends declared	0.28			0.27			0.27			0.27			0.27
Common equity	32.72			32.14			31.66			31.56			30.64
Tangible common equity (1)	19.75			20.36			19.82			19.77			20.21

End of period shares outstanding	814,500			782,379			780,337			780,150			733,481
Weighted average shares:
Basic	814,261			781,193			780,261			764,435			724,880
Diluted	823,682			790,176			790,244			774,023			734,527
Performance Ratios
Return on average assets	1.06		%	1.09		%	1.03		%	1.04		%	1.06		%
Return on average risk-weighted assets	1.38			1.37			1.29			1.32			1.32
Return on average common shareholders' equity	8.21			8.45			8.06			8.14			8.20
Return on average tangible common shareholders' equity (2)	14.33			13.87			13.37			13.23			12.76
Net interest margin - taxable equivalent	3.41			3.43			3.35			3.35			3.27
Fee income ratio-adjusted (3)	42.8			40.6			41.8			42.1			46.3
Efficiency ratio-adjusted (3)	59.3			58.3			58.8			59.2			59.2
Credit Quality
Nonperforming assets as a percentage of:
Total assets	0.40		%	0.42		%	0.34		%	0.36		%	0.38		%
Loans and leases plus foreclosed property	0.62			0.67			0.52			0.55			0.60
Net charge-offs as a percentage of average loans and leases	0.28			0.46			0.38			0.32			0.33
Allowance for loan and lease losses as a percentage of loans and leases held for investment	1.06			1.10			1.07			1.08			1.19
Ratio of allowance for loan and lease losses to nonperforming loans and leases held for investment	1.90x			1.89x			2.53x			2.49x			2.55x
Average Balances
Total assets	$	223,399		$	210,102		$	209,217		$	203,531		$	189,033
Total securities (4)	48,510			44,580			43,468			43,048			40,727
Loans and leases	143,097			135,628			136,190			132,499			122,056
Deposits	160,338			149,867			148,491			143,837			131,868
Common shareholders' equity	26,519			25,076			24,736			23,957			22,210
Shareholders' equity	29,610			27,826			27,378			26,612			24,888
Period-End Balances
Total assets	$	221,859		$	212,405		$	209,947		$	208,809		$	191,017
Total securities (4)	47,006			46,480			43,827			43,494			40,620
Loans and leases	144,711			136,671			136,986			136,967			124,770
Deposits	159,238			150,500			149,124			147,827			132,783
Common shareholders' equity	26,651			25,146			24,703			24,621			22,477
Shareholders' equity	29,743			28,239			27,340			27,264			25,132
Capital Ratios - Preliminary
Risk-based:
Common equity Tier 1	10.0		%	10.4		%	10.3		%	10.1		%	10.4		%
Tier 1	11.7			12.2			11.8			11.7			12.1
Total	13.9			14.6			14.3			14.2			14.2
Leverage	9.6			10.1			9.8			9.9			10.2
Tangible common equity to tangible assets (1)	7.6			7.8			7.7			7.7			8.1
Applicable ratios are annualized.
(1) Tangible common equity per share and tangible common equity to tangible assets ratios are non-GAAP measures. 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 certain items as detailed in the Non-GAAP Reconciliations section of this supplement.
(4) Excludes trading securities. 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.

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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
	June 30						Change					June 30						Change
	2016			2015			$			%		2016			2015			$			%
Interest Income
Interest and fees on loans and leases	$	1,509		$	1,249		$	260		20.8	%	$	2,951		$	2,486		$	465		18.7	%
Interest and dividends on securities	286			232			54			23.3		541			472			69			14.6
Interest on other earning assets	10			8			2			25.0		34			24			10			41.7
Total interest income	1,805			1,489			316			21.2		3,526			2,982			544			18.2
Interest Expense
Interest on deposits	64			55			9			16.4		128			110			18			16.4
Interest on short-term borrowings	3			1			2			200.0		5			2			3			150.0
Interest on long-term debt	121			121			—			—		247			246			1			0.4
Total interest expense	188			177			11			6.2		380			358			22			6.1
Net Interest Income	1,617			1,312			305			23.2		3,146			2,624			522			19.9
Provision for credit losses	111			97			14			14.4		295			196			99			50.5
Net Interest Income After Provision for Credit Losses	1,506			1,215			291			24.0		2,851			2,428			423			17.4
Noninterest Income
Insurance income	465			422			43			10.2		884			862			22			2.6
Service charges on deposits	166			154			12			7.8		320			299			21			7.0
Mortgage banking income	111			130			(19		)	(14.6	)	202			240			(38		)	(15.8	)
Investment banking and brokerage fees and commissions	102			108			(6		)	(5.6	)	199			202			(3		)	(1.5	)
Trust and investment advisory revenues	67			57			10			17.5		129			113			16			14.2
Bankcard fees and merchant discounts	60			55			5			9.1		116			105			11			10.5
Checkcard fees	50			43			7			16.3		95			82			13			15.9
Operating lease income	35			30			5			16.7		69			59			10			16.9
Income from bank-owned life insurance	31			27			4			14.8		62			57			5			8.8
FDIC loss share income, net	(64		)	(64		)	—			—		(124		)	(143		)	19			(13.3	)
Securities gains (losses), net	—			(1		)	1			(100.0	)	45			(1		)	46			NM
Other income	107			58			49			84.5		149			141			8			5.7
Total noninterest income	1,130			1,019			111			10.9		2,146			2,016			130			6.4
Noninterest Expense
Personnel expense	1,039			864			175			20.3		1,954			1,694			260			15.3
Occupancy and equipment expense	194			166			28			16.9		385			333			52			15.6
Software expense	53			46			7			15.2		104			90			14			15.6
Loan-related expense	36			37			(1		)	(2.7	)	68			75			(7		)	(9.3	)
Outside IT services	44			29			15			51.7		85			59			26			44.1
Professional services	26			35			(9		)	(25.7	)	48			59			(11		)	(18.6	)
Amortization of intangibles	42			23			19			82.6		74			44			30			68.2
Regulatory charges	32			25			7			28.0		62			48			14			29.2
Foreclosed property expense	8			14			(6		)	(42.9	)	19			27			(8		)	(29.6	)
Merger-related and restructuring charges, net	92			25			67			NM		115			38			77			NM
Loss (gain) on early extinguishment of debt	—			172			(172		)	(100.0	)	(1		)	172			(173		)	(100.6	)
Other expense	231			217			14			6.5		429			436			(7		)	(1.6	)
Total noninterest expense	1,797			1,653			144			8.7		3,342			3,075			267			8.7
Earnings
Income before income taxes	839			581			258			44.4		1,655			1,369			286			20.9
Provision for income taxes	252			80			172			NM		498			321			177			55.1
Net income	587			501			86			17.2		1,157			1,048			109			10.4
Noncontrolling interests	3			10			(7		)	(70.0	)	9			32			(23		)	(71.9	)
Preferred stock dividends	43			37			6			16.2		80			74			6			8.1
Net income available to common shareholders	$	541		$	454		$	87		19.2	%	$	1,068		$	942		$	126		13.4	%
Earnings Per Common Share
Basic	$	0.67		$	0.63		$	0.04		6.3	%	$	1.34		$	1.30		$	0.04		3.1	%
Diluted	0.66			0.62			0.04			6.5		1.32			1.29			0.03			2.3
Weighted Average Shares Outstanding
Basic	814,261			724,880			89,381			12.3		797,727			723,268			74,459			10.3
Diluted	823,682			734,527			89,155			12.1		806,839			733,002			73,837			10.1
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
	June 30			March 31			Dec. 31			Sept. 30			June 30
	2016			2016			2015			2015			2015
Interest Income
Interest and fees on loans and leases	$	1,509		$	1,442		$	1,449		$	1,412		$	1,249
Interest and dividends on securities	286			255			237			232			232
Interest on other earning assets	10			24			9			6			8
Total interest income	1,805			1,721			1,695			1,650			1,489
Interest Expense
Interest on deposits	64			64			62			61			55
Interest on short-term borrowings	3			2			1			1			1
Interest on long-term debt	121			126			128			124			121
Total interest expense	188			192			191			186			177
Net Interest Income	1,617			1,529			1,504			1,464			1,312
Provision for credit losses	111			184			129			103			97
Net Interest Income After Provision for Credit Losses	1,506			1,345			1,375			1,361			1,215
Noninterest Income
Insurance income	465			419			380			354			422
Service charges on deposits	166			154			165			167			154
Mortgage banking income	111			91			104			111			130
Investment banking and brokerage fees and commissions	102			97			91			105			108
Trust and investment advisory revenues	67			62			64			63			57
Bankcard fees and merchant discounts	60			56			56			57			55
Checkcard fees	50			45			47			45			43
Operating lease income	35			34			33			32			30
Income from bank-owned life insurance	31			31			27			29			27
FDIC loss share income, net	(64		)	(60		)	(52		)	(58		)	(64		)
Securities gains (losses), net	—			45			—			(2		)	(1		)
Other income	107			42			100			85			58
Total noninterest income	1,130			1,016			1,015			988			1,019
Noninterest Expense
Personnel expense	1,039			915			893			882			864
Occupancy and equipment expense	194			191			192			183			166
Software expense	53			51			52			50			46
Loan-related expense	36			32			37			38			37
Outside IT services	44			41			41			35			29
Professional services	26			22			29			42			35
Amortization of intangibles	42			32			32			29			23
Regulatory charges	32			30			28			25			25
Foreclosed property expense	8			11			11			15			14
Merger-related and restructuring charges, net	92			23			50			77			25
Loss (gain) on early extinguishment of debt	—			(1		)	—			—			172
Other expense	231			198			232			218			217
Total noninterest expense	1,797			1,545			1,597			1,594			1,653
Earnings
Income before income taxes	839			816			793			755			581
Provision for income taxes	252			246			251			222			80
Net income	587			570			542			533			501
Noncontrolling interests	3			6			3			4			10
Preferred stock dividends	43			37			37			37			37
Net income available to common shareholders	$	541		$	527		$	502		$	492		$	454
Earnings Per Common Share
Basic	$	0.67		$	0.67		$	0.64		$	0.64		$	0.63
Diluted	0.66			0.67			0.64			0.64			0.62
Weighted Average Shares Outstanding
Basic	814,261			781,193			780,261			764,435			724,880
Diluted	823,682			790,176			790,244			774,023			734,527

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BB&T Corporation
Lines of Business Financial Performance - Preliminary
(Dollars in millions)

	Quarter Ended
Community Banking (1)	June 30			March 31			Dec. 31			Sept. 30			June 30
	2016			2016			2015			2015			2015
Net interest income (expense)	$	532		$	529		$	492		$	449		$	431
Net intersegment interest income (expense)	391			389			361			323			304
Segment net interest income	923			918			853			772			735
Allocated provision for credit losses	23			(10		)	39			4			11
Noninterest income	305			288			301			303			290
Intersegment net referral fees (expenses)	40			30			30			35			39
Noninterest expense	435			422			404			381			373
Amortization of intangibles	18			19			14			9			9
Allocated corporate expenses	330			332			309			304			307
Income (loss) before income taxes	462			473			418			412			364
Provision (benefit) for income taxes	168			172			153			151			133
Segment net income (loss)	$	294		$	301		$	265		$	261		$	231
Identifiable segment assets (period end)	$	67,952		$	67,721		$	68,250		$	57,368		$	56,803

	Quarter Ended
Residential Mortgage Banking	June 30			March 31			Dec. 31			Sept. 30			June 30
	2016			2016			2015			2015			2015
Net interest income (expense)	$	333		$	332		$	336		$	337		$	343
Net intersegment interest income (expense)	(223		)	(227		)	(225		)	(221		)	(227		)
Segment net interest income	110			105			111			116			116
Allocated provision for credit losses	10			11			8			10			3
Noninterest income	82			71			78			93			100
Intersegment net referral fees (expenses)	1			—			1			1			(1		)
Noninterest expense	87			76			78			85			78
Amortization of intangibles	—			—			—			—			—
Allocated corporate expenses	25			26			25			22			23
Income (loss) before income taxes	71			63			79			93			111
Provision (benefit) for income taxes	27			24			30			35			42
Segment net income (loss)	$	44		$	39		$	49		$	58		$	69
Identifiable segment assets (period end)	$	33,651		$	33,253		$	33,407		$	32,973		$	34,218

	Quarter Ended
Dealer Financial Services	June 30			March 31			Dec. 31			Sept. 30			June 30
	2016			2016			2015			2015			2015
Net interest income (expense)	$	226		$	229		$	231		$	221		$	216
Net intersegment interest income (expense)	(39		)	(40		)	(39		)	(38		)	(38		)
Segment net interest income	187			189			192			183			178
Allocated provision for credit losses	58			76			77			67			48
Noninterest income	—			1			—			—			—
Intersegment net referral fees (expenses)	—			—			—			—			—
Noninterest expense	36			35			40			38			41
Amortization of intangibles	—			—			—			—			—
Allocated corporate expenses	11			11			9			10			10
Income (loss) before income taxes	82			68			66			68			79
Provision (benefit) for income taxes	31			26			25			26			30
Segment net income (loss)	$	51		$	42		$	41		$	42		$	49
Identifiable segment assets (period end)	$	14,463		$	14,692		$	15,130		$	13,794		$	13,906

	Quarter Ended
Specialized Lending	June 30			March 31			Dec. 31			Sept. 30			June 30
	2016			2016			2015			2015			2015
Net interest income (expense)	$	186		$	178		$	178		$	171		$	153
Net intersegment interest income (expense)	(69		)	(68		)	(65		)	(60		)	(56		)
Segment net interest income	117			110			113			111			97
Allocated provision for credit losses	17			18			12			8			11
Noninterest income	73			65			71			58			71
Intersegment net referral fees (expenses)	—			—			—			—			—
Noninterest expense	72			65			71			62			64
Amortization of intangibles	1			1			1			1			1
Allocated corporate expenses	19			18			16			17			15
Income (loss) before income taxes	81			73			84			81			77
Provision (benefit) for income taxes	20			17			21			20			19
Segment net income (loss)	$	61		$	56		$	63		$	61		$	58
Identifiable segment assets (period end)	$	19,739		$	18,155		$	18,243		$	17,669		$	17,067
Lines of business results are preliminary.
(1) Intangible assets and related amortization resulting from recent bank acquisitions have been reclassified from Other, Treasury and Corporate to Community Banking.

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BB&T Corporation
Lines of Business Financial Performance - Preliminary
(Dollars in millions)

	Quarter Ended
Insurance Holdings	June 30			March 31			Dec. 31			Sept. 30			June 30
	2016			2016			2015			2015			2015
Net interest income (expense)	$	1		$	—		$	—		$	1		$	—
Net intersegment interest income (expense)	1			1			2			2			1
Segment net interest income	2			1			2			3			1
Allocated provision for credit losses	—			—			—			—			—
Noninterest income	465			421			388			353			425
Intersegment net referral fees (expenses)	—			—			—			—			—
Noninterest expense	350			299			295			284			310
Amortization of intangibles	18			11			12			12			11
Allocated corporate expenses	28			28			24			25			25
Income (loss) before income taxes	71			84			59			35			80
Provision (benefit) for income taxes	27			31			23			14			27
Segment net income (loss)	$	44		$	53		$	36		$	21		$	53
Identifiable segment assets (period end)	$	3,590		$	2,800		$	2,804		$	2,668		$	2,907

	Quarter Ended
Financial Services	June 30			March 31			Dec. 31			Sept. 30			June 30
	2016			2016			2015			2015			2015
Net interest income (expense)	$	68		$	63		$	60		$	54		$	54
Net intersegment interest income (expense)	91			88			85			81			76
Segment net interest income	159			151			145			135			130
Allocated provision for credit losses	6			90			(3		)	22			23
Noninterest income	210			197			210			226			212
Intersegment net referral fees (expenses)	5			3			11			4			4
Noninterest expense	190			181			168			176			177
Amortization of intangibles	1			1			1			1			—
Allocated corporate expenses	37			37			34			34			34
Income (loss) before income taxes	140			42			166			132			112
Provision (benefit) for income taxes	53			15			62			50			42
Segment net income (loss)	$	87		$	27		$	104		$	82		$	70
Identifiable segment assets (period end)	$	17,577		$	17,981		$	16,650		$	15,680		$	14,715

	Quarter Ended
Other, Treasury & Corporate (1)(2)(3)	June 30			March 31			Dec. 31			Sept. 30			June 30
	2016			2016			2015			2015			2015
Net interest income (expense)	$	271		$	198		$	207		$	231		$	115
Net intersegment interest income (expense)	(152		)	(143		)	(119		)	(87		)	(60		)
Segment net interest income	119			55			88			144			55
Allocated provision for credit losses	(3		)	(1		)	(4		)	(8		)	1
Noninterest income	(5		)	(27		)	(33		)	(45		)	(79		)
Intersegment net referral fees (expenses)	(46		)	(33		)	(42		)	(40		)	(42		)
Noninterest expense	585			435			509			539			587
Amortization of intangibles	4			—			4			6			2
Allocated corporate expenses	(450		)	(452		)	(417		)	(412		)	(414		)
Income (loss) before income taxes	(68		)	13			(79		)	(66		)	(242		)
Provision (benefit) for income taxes	(74		)	(39		)	(63		)	(74		)	(213		)
Segment net income (loss)	$	6		$	52		$	(16	)	$	8		$	(29	)
Identifiable segment assets (period end)	$	64,887		$	57,803		$	55,463		$	68,657		$	51,401

	Quarter Ended
Total BB&T Corporation	June 30			March 31			Dec. 31			Sept. 30			June 30
	2016			2016			2015			2015			2015
Net interest income (expense)	$	1,617		$	1,529		$	1,504		$	1,464		$	1,312
Net intersegment interest income (expense)	—			—			—			—			—
Segment net interest income	1,617			1,529			1,504			1,464			1,312
Allocated provision for credit losses	111			184			129			103			97
Noninterest income	1,130			1,016			1,015			988			1,019
Intersegment net referral fees (expenses)	—			—			—			—			—
Noninterest expense	1,755			1,513			1,565			1,565			1,630
Amortization of intangibles	42			32			32			29			23
Allocated corporate expenses	—			—			—			—			—
Income (loss) before income taxes	839			816			793			755			581
Provision (benefit) for income taxes	252			246			251			222			80
Segment net income (loss)	$	587		$	570		$	542		$	533		$	501
Identifiable segment assets (period end)	$	221,859		$	212,405		$	209,947		$	208,809		$	191,017
(1) Includes financial data from subsidiaries below the quantitative and qualitative thresholds requiring disclosure.
(2) Intangible assets and related amortization resulting from recent bank acquisitions have been reclassified from Other, Treasury and Corporate to Community Banking.
(3) The financial information related to National Penn's operations is included in the Other, Treasury & Corporate segment for the second quarter of 2016 and will be presented in the other segments following the systems conversion date in July 2016.

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BB&T Corporation
Consolidated Balance Sheets - Five Quarter Trend
(Dollars in millions)
	As of
	June 30			March 31			Dec. 31			Sept. 30			June 30
	2016			2016			2015			2015			2015
Assets
Cash and due from banks	$	1,958		$	1,825		$	2,123		$	1,538		$	1,607
Interest-bearing deposits with banks	510			786			1,435			1,115			824
Federal funds sold and securities purchased under resale agreements or similar arrangements	145			167			153			127			190
Restricted cash	846			666			456			578			379
Securities available for sale at fair value	28,244			27,129			25,297			24,249			21,183
Securities held to maturity at amortized cost	18,762			19,351			18,530			19,245			19,437
Loans and leases:
Commercial:
Commercial and industrial	52,103			48,727			48,430			48,095			43,607
CRE-income producing properties	14,872			13,728			13,421			13,313			11,132
CRE-construction and development	3,690			3,416			3,732			3,807			2,874
Dealer floor plan	1,308			1,266			1,215			1,093			1,066
Direct retail lending	12,025			11,085			11,140			10,626			8,675
Sales finance	9,429			9,784			10,327			10,772			9,427
Revolving credit	2,512			2,449			2,510			2,429			2,407
Residential mortgage	30,650			29,998			30,533			31,070			30,054
Other lending subsidiaries	14,528			13,587			13,521			13,235			12,067
Acquired from FDIC and PCI	1,109			1,056			1,122			1,075			992
Total loans and leases held for investment	142,226			135,096			135,951			135,515			122,301
Loans held for sale	2,485			1,575			1,035			1,452			2,469
Total loans and leases	144,711			136,671			136,986			136,967			124,770
Allowance for loan and lease losses	(1,507		)	(1,488		)	(1,460		)	(1,458		)	(1,457		)
Premises and equipment	2,088			2,001			2,007			2,038			1,900
Goodwill	9,621			8,559			8,548			8,498			7,141
Core deposit and other intangible assets	946			656			686			700			514
Mortgage servicing rights at fair value	785			860			880			848			912
Other assets	14,750			15,222			14,306			14,364			13,617
Total assets	$	221,859		$	212,405		$	209,947		$	208,809		$	191,017
Liabilities and Shareholders' Equity
Deposits:
Noninterest-bearing deposits	$	49,180		$	47,258		$	45,695		$	44,700		$	42,234
Interest checking	28,528			25,915			25,410			23,574			20,843
Money market and savings	64,064			60,349			60,461			61,689			55,269
Time deposits	17,466			16,978			17,558			17,864			14,437
Total deposits	159,238			150,500			149,124			147,827			132,783
Short-term borrowings	1,472			4,130			3,593			2,581			3,883
Long-term debt	24,435			22,823			23,769			24,883			23,271
Accounts payable and other liabilities	6,971			6,713			6,121			6,254			5,948
Total liabilities	192,116			184,166			182,607			181,545			165,885
Shareholders' equity:
Preferred stock	3,053			3,054			2,603			2,603			2,603
Common stock	4,073			3,912			3,902			3,901			3,667
Additional paid-in capital	9,311			8,360			8,365			8,344			6,667
Retained earnings	14,104			13,791			13,464			13,172			12,891
Accumulated other comprehensive loss	(837		)	(917		)	(1,028		)	(796		)	(748		)
Noncontrolling interests	39			39			34			40			52
Total shareholders' equity	29,743			28,239			27,340			27,264			25,132
Total liabilities and shareholders' equity	$	221,859		$	212,405		$	209,947		$	208,809		$	191,017

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BB&T Corporation
Average Balance Sheets
(Dollars in millions)
	Quarter Ended									Year-to-Date
	June 30				Change					June 30				Change
	2016		2015		$			%		2016		2015		$			%
Assets
Securities at amortized cost (1):
U.S. Treasury	$	2,252	$	2,561	$	(309	)	(12.1	)%	$	2,514	$	2,529	$	(15	)	(0.6	)%
U.S. government-sponsored entities (GSE)	4,199		5,400		(1,201		)	(22.2	)	4,632		5,397		(765		)	(14.2	)
Mortgage-backed securities issued by GSE	38,911		29,245		9,666			33.1		36,343		29,461		6,882			23.4
States and political subdivisions	2,289		1,834		455			24.8		2,139		1,828		311			17.0
Non-agency mortgage-backed	71		220		(149		)	(67.7	)	119		224		(105		)	(46.9	)
Other	67		623		(556		)	(89.2	)	64		633		(569		)	(89.9	)
Acquired from FDIC	721		844		(123		)	(14.6	)	734		857		(123		)	(14.4	)
Total securities	48,510		40,727		7,783			19.1		46,545		40,929		5,616			13.7
Other earning assets	3,215		2,645		570			21.6		3,310		2,324		986			42.4
Loans and leases:
Commercial:
Commercial and industrial	51,646		42,541		9,105			21.4		49,830		41,998		7,832			18.6
CRE-income producing properties	14,786		10,730		4,056			37.8		14,138		10,705		3,433			32.1
CRE-construction and development	3,669		2,767		902			32.6		3,644		2,750		894			32.5
Dealer floor plan	1,305		1,010		295			29.2		1,272		1,025		247			24.1
Direct retail lending	12,031		8,449		3,582			42.4		11,569		8,320		3,249			39.1
Sales finance	9,670		9,507		163			1.7		9,859		9,483		376			4.0
Revolving credit	2,477		2,365		112			4.7		2,470		2,375		95			4.0
Residential mortgage	30,471		29,862		609			2.0		30,167		30,143		24			0.1
Other lending subsidiaries	13,961		11,701		2,260			19.3		13,700		11,511		2,189			19.0
Acquired from FDIC and PCI	1,130		1,055		75			7.1		1,114		1,105		9			0.8
Total loans and leases held for investment	141,146		119,987		21,159			17.6		137,763		119,415		18,348			15.4
Loans held for sale	1,951		2,069		(118		)	(5.7	)	1,599		1,735		(136		)	(7.8	)
Total loans and leases	143,097		122,056		21,041			17.2		139,362		121,150		18,212			15.0
Total earning assets	194,822		165,428		29,394			17.8		189,217		164,403		24,814			15.1
Nonearning assets	28,577		23,605		4,972			21.1		27,534		23,767		3,767			15.8
Total assets	$	223,399	$	189,033	$	34,366		18.2	%	$	216,751	$	188,170	$	28,581		15.2	%
Liabilities and Shareholders' Equity
Deposits:
Noninterest-bearing deposits	$	48,801	$	41,502	$	7,299		17.6	%	$	47,502	$	40,607	$	6,895		17.0	%
Interest checking	28,376		20,950		7,426			35.4		26,990		20,787		6,203			29.8
Money market and savings	63,195		53,852		9,343			17.3		61,809		52,754		9,055			17.2
Time deposits	18,101		14,800		3,301			22.3		17,493		15,894		1,599			10.1
Foreign office deposits - interest-bearing	1,865		764		1,101			144.1		1,308		664		644			97.0
Total deposits	160,338		131,868		28,470			21.6		155,102		130,706		24,396			18.7
Short-term borrowings	2,951		3,080		(129		)	(4.2	)	2,861		3,308		(447		)	(13.5	)
Long-term debt	23,272		22,616		656			2.9		23,090		22,828		262			1.1
Accounts payable and other liabilities	7,228		6,581		647			9.8		6,980		6,600		380			5.8
Total liabilities	193,789		164,145		29,644			18.1		188,033		163,442		24,591			15.0
Shareholders' equity	29,610		24,888		4,722			19.0		28,718		24,728		3,990			16.1
Total liabilities and shareholders' equity	$	223,399	$	189,033	$	34,366		18.2	%	$	216,751	$	188,170	$	28,581		15.2	%
Average balances exclude basis adjustments for fair value hedges.
(1) Excludes trading securities.

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BB&T Corporation
Average Balance Sheets - Five Quarter Trend
(Dollars in millions)
	Quarter Ended
	June 30		March 31		Dec. 31		Sept. 30		June 30
	2016		2016		2015		2015		2015
Assets
Securities at amortized cost (1):
U.S. Treasury	$	2,252	$	2,777	$	2,794	$	2,745	$	2,561
U.S. government-sponsored entities (GSE)	4,199		5,065		5,165		5,395		5,400
Mortgage-backed securities issued by GSE	38,911		33,774		32,442		31,329		29,245
States and political subdivisions	2,289		1,989		2,019		1,975		1,834
Non-agency mortgage-backed	71		166		201		211		220
Other	67		62		64		579		623
Acquired from FDIC	721		747		783		814		844
Total securities	48,510		44,580		43,468		43,048		40,727
Other earning assets	3,215		3,404		3,493		2,917		2,645
Loans and leases:
Commercial:
Commercial and industrial	51,646		48,013		48,047		46,462		42,541
CRE-income producing properties	14,786		13,490		13,264		12,514		10,730
CRE-construction and development	3,669		3,619		3,766		3,502		2,767
Dealer floor plan	1,305		1,239		1,164		1,056		1,010
Direct retail lending	12,031		11,107		10,896		9,926		8,449
Sales finance	9,670		10,049		10,533		10,386		9,507
Revolving credit	2,477		2,463		2,458		2,421		2,365
Residential mortgage	30,471		29,864		30,334		30,384		29,862
Other lending subsidiaries	13,961		13,439		13,281		12,837		11,701
Acquired from FDIC and PCI	1,130		1,098		1,070		1,052		1,055
Total loans and leases held for investment	141,146		134,381		134,813		130,540		119,987
Loans held for sale	1,951		1,247		1,377		1,959		2,069
Total loans and leases	143,097		135,628		136,190		132,499		122,056
Total earning assets	194,822		183,612		183,151		178,464		165,428
Nonearning assets	28,577		26,490		26,066		25,067		23,605
Total assets	$	223,399	$	210,102	$	209,217	$	203,531	$	189,033
Liabilities and Shareholders' Equity
Deposits:
Noninterest-bearing deposits	$	48,801	$	46,203	$	45,824	$	44,153	$	41,502
Interest checking	28,376		25,604		24,157		22,593		20,950
Money market and savings	63,195		60,424		61,431		59,306		53,852
Time deposits	18,101		16,884		16,981		16,837		14,800
Foreign office deposits - interest-bearing	1,865		752		98		948		764
Total deposits	160,338		149,867		148,491		143,837		131,868
Short-term borrowings	2,951		2,771		2,698		3,572		3,080
Long-term debt	23,272		22,907		24,306		23,394		22,616
Accounts payable and other liabilities	7,228		6,731		6,344		6,116		6,581
Total liabilities	193,789		182,276		181,839		176,919		164,145
Shareholders' equity	29,610		27,826		27,378		26,612		24,888
Total liabilities and shareholders' equity	$	223,399	$	210,102	$	209,217	$	203,531	$	189,033
Average balances exclude basis adjustments for fair value hedges.
(1) Excludes trading securities.

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BB&T Corporation
Average Balances and Rates - Quarters
(Dollars in millions)
	Quarter Ended
	June 30, 2016						March 31, 2016
	(1)		Interest		(2)		(1)		Interest		(2)
	Average		Income/		Yields/		Average		Income/		Yields/
	Balances		Expense		Rates		Balances		Expense		Rates
Assets
Securities at amortized cost (3):
U.S. Treasury	$	2,252	$	10	1.76	%	$	2,777	$	12	1.70	%
U.S. government-sponsored entities (GSE)	4,199		21		2.06		5,065		27		2.11
Mortgage-backed securities issued by GSE	38,911		203		2.09		33,774		167		1.98
States and political subdivisions	2,289		30		5.17		1,989		26		5.30
Non-agency mortgage-backed	71		1		5.14		166		3		8.27
Other	67		1		1.91		62		—		1.57
Acquired from FDIC	721		34		19.03		747		32		17.20
Total securities	48,510		300		2.47		44,580		267		2.40
Other earning assets	3,215		9		1.22		3,404		25		2.87
Loans and leases:
Commercial:
Commercial and industrial	51,646		433		3.37		48,013		392		3.29
CRE-income producing properties	14,786		139		3.79		13,490		127		3.77
CRE-construction and development	3,669		34		3.74		3,619		34		3.75
Dealer floor plan	1,305		7		2.04		1,239		6		2.02
Direct retail lending	12,031		127		4.33		11,107		118		4.23
Sales finance	9,670		74		3.05		10,049		75		3.01
Revolving credit	2,477		54		8.73		2,463		54		8.82
Residential mortgage	30,471		312		4.09		29,864		305		4.10
Other lending subsidiaries	13,961		292		8.39		13,439		286		8.56
Acquired from FDIC and PCI	1,130		48		16.91		1,098		59		21.69
Total loans and leases held for investment	141,146		1,520		4.32		134,381		1,456		4.35
Loans held for sale	1,951		16		3.43		1,247		12		3.77
Total loans and leases	143,097		1,536		4.31		135,628		1,468		4.35
Total earning assets	194,822		1,845		3.80		183,612		1,760		3.85
Nonearning assets	28,577						26,490
Total assets	$	223,399					$	210,102
Liabilities and Shareholders' Equity
Interest-bearing deposits:
Interest checking	$	28,376	11		0.15		$	25,604	8		0.13
Money market and savings	63,195		29		0.19		60,424		32		0.21
Time deposits	18,101		23		0.51		16,884		23		0.55
Foreign office deposits - interest-bearing	1,865		1		0.38		752		1		0.36
Total interest-bearing deposits	111,537		64		0.23		103,664		64		0.25
Short-term borrowings	2,951		3		0.34		2,771		2		0.36
Long-term debt	23,272		121		2.10		22,907		126		2.19
Total interest-bearing liabilities	137,760		188		0.55		129,342		192		0.60
Noninterest-bearing deposits	48,801						46,203
Accounts payable and other liabilities	7,228						6,731
Shareholders' equity	29,610						27,826
Total liabilities and shareholders' equity	$	223,399					$	210,102
Average interest-rate spread					3.25						3.25

Net interest income/ net interest margin			$	1,657	3.41	%			$	1,568	3.43	%
Taxable-equivalent adjustment			$	40					$	39
Applicable ratios are annualized.
(1) Excludes basis adjustments for fair value hedges.
(2) Yields are on a fully taxable-equivalent basis.
(3) Excludes trading securities.

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BB&T Corporation
Average Balances and Rates - Quarters
(Dollars in millions)
	Quarter Ended
	December 31, 2015						September 30, 2015						June 30, 2015
	(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
Securities at amortized cost (3):
U.S. Treasury	$	2,794	$	12	1.67	%	$	2,745	$	11	1.60	%	$	2,561	$	10	1.56	%
U.S. government-sponsored entities (GSE)	5,165		27		2.12		5,395		29		2.13		5,400		28		2.13
Mortgage-backed securities issued by GSE	32,442		156		1.94		31,329		147		1.89		29,245		149		2.05
States and political subdivisions	2,019		28		5.42		1,975		27		5.49		1,834		27		5.80
Non-agency mortgage-backed	201		5		8.53		211		4		8.45		220		5		7.88
Other	64		—		1.25		579		3		1.42		623		2		1.11
Acquired from FDIC	783		22		11.34		814		24		11.57		844		24		11.36
Total securities	43,468		250		2.30		43,048		245		2.27		40,727		245		2.41
Other earning assets	3,493		8		0.90		2,917		7		0.97		2,645		7		1.19
Loans and leases:
Commercial:
Commercial and industrial	48,047		387		3.20		46,462		386		3.30		42,541		335		3.15
CRE-income producing properties	13,264		135		4.02		12,514		118		3.74		10,730		90		3.37
CRE-construction and development	3,766		36		3.80		3,502		33		3.73		2,767		23		3.31
Dealer floor plan	1,164		6		1.89		1,056		4		1.91		1,010		5		1.81
Direct retail lending	10,896		108		3.97		9,926		105		4.18		8,449		86		4.04
Sales finance	10,533		76		2.86		10,386		83		3.14		9,507		64		2.70
Revolving credit	2,458		55		8.81		2,421		53		8.70		2,365		51		8.68
Residential mortgage	30,334		316		4.17		30,384		319		4.18		29,862		308		4.14
Other lending subsidiaries	13,281		287		8.57		12,837		276		8.56		11,701		255		8.72
Acquired from FDIC and PCI	1,070		56		20.85		1,052		40		14.87		1,055		38		14.66
Total loans and leases held for investment	134,813		1,462		4.31		130,540		1,417		4.31		119,987		1,255		4.19
Loans held for sale	1,377		13		3.73		1,959		18		3.75		2,069		18		3.48
Total loans and leases	136,190		1,475		4.31		132,499		1,435		4.31		122,056		1,273		4.18
Total earning assets	183,151		1,733		3.77		178,464		1,687		3.76		165,428		1,525		3.69
Nonearning assets	26,066						25,067						23,605
Total assets	$	209,217					$	203,531					$	189,033
Liabilities and Shareholders' Equity
Interest-bearing deposits:
Interest checking	$	24,157	6		0.09		$	22,593	4		0.08		$	20,950	4		0.08
Money market and savings	61,431		32		0.21		59,306		30		0.20		53,852		23		0.18
Time deposits	16,981		24		0.58		16,837		26		0.61		14,800		28		0.72
Foreign office deposits - interest-bearing	98		—		0.34		948		1		0.13		764		—		0.09
Total interest-bearing deposits	102,667		62		0.24		99,684		61		0.24		90,366		55		0.24
Short-term borrowings	2,698		1		0.17		3,572		2		0.15		3,080		1		0.16
Long-term debt	24,306		128		2.11		23,394		123		2.12		22,616		121		2.14
Total interest-bearing liabilities	129,671		191		0.59		126,650		186		0.59		116,062		177		0.61
Noninterest-bearing deposits	45,824						44,153						41,502
Accounts payable and other liabilities	6,344						6,116						6,581
Shareholders' equity	27,378						26,612						24,888
Total liabilities and shareholders' equity	$	209,217					$	203,531					$	189,033
Average interest-rate spread					3.18						3.17						3.08

Net interest income/ net interest margin			$	1,542	3.35	%			$	1,501	3.35	%			$	1,348	3.27	%
Taxable-equivalent adjustment			$	38					$	37					$	36
Applicable ratios are annualized.
(1) Excludes basis adjustments for fair value hedges.
(2) Yields are on a fully taxable-equivalent basis.
(3) Excludes trading securities.

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BB&T Corporation
Average Balances and Rates - Year-To-Date
(Dollars in millions)
	Year-to-Date
	June 30, 2016						June 30, 2015
	(1)		Interest		(2)		(1)		Interest		(2)
	Average		Income/		Yields/		Average		Income/		Yields/
	Balances		Expense		Rates		Balances		Expense		Rates
Assets
Securities at amortized cost (3):
U.S. Treasury	$	2,514	$	22	1.73	%	$	2,529	$	19	1.53	%
U.S. government-sponsored entities (GSE)	4,632		48		2.09		5,397		57		2.13
Mortgage-backed securities issued by GSE	36,343		370		2.04		29,461		302		2.05
States and political subdivisions	2,139		56		5.23		1,828		53		5.80
Non-agency mortgage-backed	119		4		7.33		224		9		7.87
Other	64		1		1.75		633		4		1.25
Acquired from FDIC	734		66		18.10		857		55		12.93
Total securities	46,545		567		2.44		40,929		499		2.44
Other earning assets	3,310		34		2.07		2,324		23		2.02
Loans and leases:
Commercial:
Commercial and industrial	49,830		825		3.33		41,998		661		3.17
CRE-income producing properties	14,138		266		3.78		10,705		179		3.38
CRE-construction and development	3,644		68		3.75		2,750		45		3.32
Dealer floor plan	1,272		13		2.03		1,025		10		1.80
Direct retail lending	11,569		245		4.29		8,320		168		4.06
Sales finance	9,859		149		3.03		9,483		127		2.71
Revolving credit	2,470		108		8.78		2,375		103		8.76
Residential mortgage	30,167		617		4.09		30,143		620		4.12
Other lending subsidiaries	13,700		578		8.47		11,511		504		8.82
Acquired from FDIC and PCI	1,114		107		19.27		1,105		83		15.28
Total loans and leases held for investment	137,763		2,976		4.34		119,415		2,500		4.21
Loans held for sale	1,599		28		3.56		1,735		31		3.53
Total loans and leases	139,362		3,004		4.33		121,150		2,531		4.20
Total earning assets	189,217		3,605		3.82		164,403		3,053		3.73
Nonearning assets	27,534						23,767
Total assets	$	216,751					$	188,170
Liabilities and Shareholders' Equity
Interest-bearing deposits:
Interest checking	$	26,990	19		0.14		$	20,787	8		0.08
Money market and savings	61,809		61		0.20		52,754		45		0.17
Time deposits	17,493		46		0.53		15,894		57		0.72
Foreign office deposits - interest-bearing	1,308		2		0.37		664		—		0.09
Total interest-bearing deposits	107,600		128		0.24		90,099		110		0.25
Short-term borrowings	2,861		5		0.35		3,308		2		0.14
Long-term debt	23,090		247		2.15		22,828		246		2.16
Total interest-bearing liabilities	133,551		380		0.57		116,235		358		0.62
Noninterest-bearing deposits	47,502						40,607
Accounts payable and other liabilities	6,980						6,600
Shareholders' equity	28,718						24,728
Total liabilities and shareholders' equity	$	216,751					$	188,170
Average interest-rate spread					3.25						3.11

Net interest income/ net interest margin			$	3,225	3.42	%			$	2,695	3.30	%
Taxable-equivalent adjustment			$	79					$	71
Applicable ratios are annualized.
(1) Excludes basis adjustments for fair value hedges.
(2) Yields are on a fully taxable-equivalent basis.
(3) Excludes trading securities.

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BB&T Corporation
Credit Quality
(Dollars in millions)
	As of
	June 30		March 31		Dec. 31		Sept. 30		June 30
	2016		2016		2015		2015		2015
Nonperforming Assets (1)
Nonaccrual loans and leases:
Commercial:
Commercial and industrial	$	452	$	442	$	237	$	211	$	198
CRE-income producing properties	36		48		38		45		59
CRE-construction and development	14		11		13		24		16
Dealer floor plan	—		—		—		7		7
Direct retail lending	52		51		43		39		41
Sales finance	5		7		7		6		6
Residential mortgage-nonguaranteed	172		163		173		196		188
Other lending subsidiaries	62		64		65		57		57
Total nonaccrual loans and leases held for investment (2)	793		786		576		585		572
Foreclosed real estate	53		66		82		85		86
Foreclosed real estate-acquired from FDIC and PCI	17		23		26		45		47
Other foreclosed property	23		28		28		29		24
Total nonperforming assets (1)(2)	$	886	$	903	$	712	$	744	$	729
Performing Troubled Debt Restructurings (TDRs) (3)
Commercial:
Commercial and industrial	$	39	$	52	$	49	$	54	$	75
CRE-income producing properties	16		18		13		12		21
CRE-construction and development	10		13		16		14		23
Direct retail lending	69		70		72		75		81
Sales finance	16		17		17		18		18
Revolving credit	31		32		33		34		36
Residential mortgage-nonguaranteed	276		281		288		275		273
Residential mortgage-government guaranteed (4)	348		317		316		321		328
Other lending subsidiaries	198		181		178		173		172
Total performing TDRs (3)(4)	$	1,003	$	981	$	982	$	976	$	1,027
Loans 90 Days or More Past Due and Still Accruing
Direct retail lending	$	5	$	6	$	7	$	12	$	10
Sales finance	4		4		5		4		4
Revolving credit	8		10		10		9		9
Residential mortgage-nonguaranteed	56		55		55		61		60
Residential mortgage-government guaranteed (5)	415		434		486		481		492
Acquired from FDIC and PCI	122		100		114		167		124
Total loans 90 days past due and still accruing (5)	$	610	$	609	$	677	$	734	$	699
Loans 30-89 Days Past Due
Commercial:
Commercial and industrial	$	20	$	27	$	36	$	26	$	16
CRE-income producing properties	8		7		13		6		4
CRE-construction and development	2		6		9		2		3
Direct retail lending	53		48		58		46		41
Sales finance	61		53		72		63		53
Revolving credit	19		18		22		20		19
Residential mortgage-nonguaranteed	361		350		397		368		362
Residential mortgage-government guaranteed (6)	81		66		78		76		76
Other lending subsidiaries	261		207		304		274		230
Acquired from FDIC and PCI	48		43		42		28		31
Total loans 30-89 days past due (6)	$	914	$	825	$	1,031	$	909	$	835
Excludes loans held for sale.
(1) Loans acquired from the FDIC and PCI are accounted for using the accretion method.
(2) During the second quarter of 2016, approximately $46 million of nonaccrual commercial and industrial loans were sold. During the first quarter of 2016, approximately $32 million of nonaccrual residential mortgage loans were sold. During the fourth quarter of 2015, approximately $50 million of nonaccrual residential mortgage loans were sold.
(3) Excludes TDRs that are nonperforming totaling $146 million, $172 million, $146 million, $154 million, and $127 million at June 30, 2016, March 31, 2016, December 31, 2015, September 30, 2015 and June 30, 2015, respectively. These amounts are included in total nonperforming assets. Trial modifications are excluded because the specific types and amounts of concessions offered to borrowers frequently change between the trial modification and the permanent modification.
(4) Includes $33 million of performing TDRs at June 30, 2016 related to government guaranteed GNMA mortgage loans that were previously TDRs and have been repurchased by BB&T.
(5) Includes government guaranteed GNMA mortgage loans that BB&T has the right but not the obligation to repurchase that are past due 90 days or more totaling $49 million, $323 million, $365 million, $353 million and $338 million at June 30, 2016, March 31, 2016, December 31, 2015, September 30, 2015 and June 30, 2015, respectively.
(6) Includes government guaranteed GNMA mortgage loans that BB&T has the right but not the obligation to repurchase that are past due 30-89 days totaling $2 million, $2 million, $2 million, $3 million and $3 million at June 30, 2016, March 31, 2016, December 31, 2015, September 30, 2015 and June 30, 2015, respectively.

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BB&T Corporation
Credit Quality
(Dollars in millions)
	As of/For the Quarter Ended
	June 30			March 31			Dec. 31			Sept. 30			June 30
	2016			2016			2015			2015			2015
Allowance for Credit Losses
Beginning balance	$	1,580		$	1,550		$	1,551		$	1,535		$	1,532
Provision for credit losses (excluding loans acquired from FDIC and PCI)	109			182			128			100			97
Provision (benefit) for loans acquired from FDIC and PCI	2			2			1			3			—
Charge-offs:
Commercial:
Commercial and industrial	(26		)	(56		)	(19		)	(16		)	(32		)
CRE-income producing properties	—			(2		)	(3		)	(4		)	(4		)
CRE-construction and development	—			—			(1		)	(1		)	—
Dealer floor plan	—			—			—			—			—
Direct retail lending	(12		)	(13		)	(14		)	(15		)	(13		)
Sales finance	(6		)	(8		)	(10		)	(5		)	(5		)
Revolving credit	(16		)	(19		)	(16		)	(17		)	(19		)
Residential mortgage-nonguaranteed	(8		)	(7		)	(14		)	(7		)	(8		)
Residential mortgage-government guaranteed	(1		)	(1		)	(2		)	(3		)	(1		)
Other lending subsidiaries	(73		)	(92		)	(85		)	(77		)	(57		)
Acquired from FDIC and PCI	—			—			—			—			—
Total charge-offs	(142		)	(198		)	(164		)	(145		)	(139		)
Recoveries:
Commercial:
Commercial and industrial	12			12			8			8			13
CRE-income producing properties	1			3			1			3			1
CRE-construction and development	5			1			2			3			2
Dealer floor plan	—			—			—			—			—
Direct retail lending	6			7			6			8			7
Sales finance	3			3			2			2			2
Revolving credit	5			5			5			5			5
Residential mortgage-nonguaranteed	1			1			1			1			1
Residential mortgage-government guaranteed	—			—			—			—			—
Other lending subsidiaries	12			12			9			8			10
Total recoveries	45			44			34			38			41
Net charge-offs	(97		)	(154		)	(130		)	(107		)	(98		)
Other	9			—			—			20			4
Ending balance	$	1,603		$	1,580		$	1,550		$	1,551		$	1,535
Allowance for Credit Losses
Allowance for loan and lease losses (excluding loans acquired from the FDIC and PCI)	$	1,442		$	1,425		$	1,399		$	1,398		$	1,400
Allowance for loans acquired from the FDIC and PCI	65			63			61			60			57
Reserve for unfunded lending commitments	96			92			90			93			78
Total	$	1,603		$	1,580		$	1,550		$	1,551		$	1,535

										As of/For the
										Six Months Ended
										June 30
										2016			2015
Allowance for credit losses
Beginning balance										$	1,550		$	1,534
Provision for credit losses (excluding loans acquired from FDIC and PCI)										291			202
Provision (benefit) for loans acquired from FDIC and PCI										4			(6		)
Charge-offs:
Commercial:
Commercial and industrial										(82		)	(46		)
CRE-income producing properties										(2		)	(13		)
CRE-construction and development										—			(2		)
Dealer floor plan										—			—
Direct retail lending										(25		)	(25		)
Sales finance										(14		)	(11		)
Revolving credit										(35		)	(37		)
Residential mortgage-nonguaranteed										(15		)	(18		)
Residential mortgage-government guaranteed										(2		)	(2		)
Other lending subsidiaries										(165		)	(124		)
Acquired from FDIC and PCI										—			(1		)
Total charge-offs										(340		)	(279		)
Recoveries:
Commercial:
Commercial and industrial										24			21
CRE-income producing properties										4			3
CRE-construction and development										6			6
Dealer floor plan										—			—
Direct retail lending										13			15
Sales finance										6			5
Revolving credit										10			10
Residential mortgage-nonguaranteed										2			1
Residential mortgage-government guaranteed										—			—
Other lending subsidiaries										24			19
Total recoveries										89			80
Net charge-offs										(251		)	(199		)
Other										9			4
Ending balance										$	1,603		$	1,535

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BB&T Corporation
Credit Quality
	As of/For the Quarter Ended
	June 30		March 31		Dec. 31		Sept. 30		June 30
	2016		2016		2015		2015		2015
Asset Quality Ratios
Loans 30-89 days past due and still accruing as a percentage of loans and leases	0.64	%	0.61	%	0.76	%	0.67	%	0.68	%
Loans 90 days or more past due and still accruing as a percentage of loans and leases	0.43		0.45		0.50		0.54		0.57
Nonperforming loans and leases as a percentage of loans and leases	0.56		0.58		0.42		0.43		0.47
Nonperforming assets as a percentage of:
Total assets	0.40		0.42		0.34		0.36		0.38
Loans and leases plus foreclosed property	0.62		0.67		0.52		0.55		0.60
Net charge-offs as a percentage of average loans and leases	0.28		0.46		0.38		0.32		0.33
Allowance for loan and lease losses as a percentage of loans and leases	1.06		1.10		1.07		1.08		1.19
Ratio of allowance for loan and lease losses to:
Net charge-offs	3.88 X		2.40 X		2.83 X		3.44 X		3.71 X
Nonperforming loans and leases	1.90 X		1.89 X		2.53 X		2.49 X		2.55 X
Asset Quality Ratios (Excluding Government Guaranteed and Acquired From FDIC and PCI) (1)
Loans 90 days or more past due and still accruing as a percentage of loans and leases	0.05	%	0.06	%	0.06	%	0.06	%	0.07	%

							As of/For the
							Year Ended
							June 30
							2016		2015
Asset Quality Ratios
Net charge-offs as a percentage of average loans and leases							0.37	%	0.33	%
Ratio of allowance for loan and lease losses to net charge-offs							2.99 X		3.65 X
Applicable ratios are annualized. Loans and leases exclude loans held for sale.
(1) The ratio of loans greater than 90 days and still accruing interest as a percentage of loans held for investment has been adjusted to remove the impact of loans that are or were covered by FDIC loss sharing agreements and purchased credit impaired ("PCI") loans as well as government guaranteed loans. Management believes that their inclusion may result in distortion of these ratios such that they might not be comparable to other periods presented or to other portfolios that were not impacted by purchase accounting or reflective of asset collectibility.

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BB&T Corporation
Credit Quality - Supplemental Information
(Dollars in millions)
	As of June 30, 2016
					Past Due 30-89					Past Due 90+
Troubled Debt Restructurings	Current Status				Days					Days					Total
Performing TDRs: (1)
Commercial:
Commercial and industrial	$	39	100.0	%	$	—		—	%	$	—		—	%	$	39
Commercial real estate—income producing properties	16		100.0		—			—		—			—		16
Commercial real estate—construction and development	10		100.0		—			—		—			—		10
Direct retail lending	67		97.1		2			2.9		—			—		69
Sales finance	15		93.8		1			6.2		—			—		16
Revolving credit	26		83.9		4			12.9		1			3.2		31
Residential mortgage—nonguaranteed	235		85.1		38			13.8		3			1.1		276
Residential mortgage—government guaranteed	185		53.2		61			17.5		102			29.3		348
Other lending subsidiaries	168		84.8		30			15.2		—			—		198
Total performing TDRs (1)	761		75.9		136			13.5		106			10.6		1,003
Nonperforming TDRs (2)	62		42.5		24			16.4		60			41.1		146
Total TDRs (1)(2)	$	823	71.6	%	$	160		13.9	%	$	166		14.5	%	$	1,149

					Quarter Ended
					June 30			March 31		Dec. 31			Sept. 30		June 30
					2016			2016		2015			2015		2015
Net charge-offs as a percentage of average loans and leases:
Commercial:
Commercial and industrial					0.11		%	0.37	%	0.09		%	0.07	%	0.18		%
CRE—income producing properties					(0.02		)	(0.02	)	0.05			0.03		0.11
CRE—construction and development					(0.48		)	(0.12	)	(0.10		)	(0.25	)	(0.20		)
Direct retail lending					0.17			0.24		0.30			0.29		0.29
Sales finance					0.13			0.21		0.28			0.12		0.11
Revolving credit					1.86			2.19		1.85			1.88		2.24
Residential mortgage					0.11			0.09		0.19			0.11		0.12
Other lending subsidiaries					1.74			2.39		2.30			2.12		1.60
Acquired from FDIC and PCI					0.04			—		0.11			0.17		—
Total loans and leases					0.28			0.46		0.38			0.32		0.33
Applicable ratios are annualized.
(1) Past due performing TDRs are included in past due disclosures.
(2) Nonperforming TDRs are included in nonaccrual loan disclosures.

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BB&T Corporation
Preliminary Capital Information - Five Quarter Trend
(Dollars in millions, except per share data, shares in thousands)
	As of / Quarter Ended
	June 30			March 31			Dec. 31			Sept. 30			June 30
	2016			2016			2015			2015			2015
Selected Capital Information
Risk-based capital:
Common equity tier 1	$	17,568		$	17,320		$	17,081		$	16,822		$	16,031
Tier 1	20,620			20,373			19,682			19,422			18,633
Total	24,527			24,355			23,753			23,612			21,896
Risk-weighted assets	176,232			166,781			166,611			165,990			154,493
Average quarterly tangible assets	214,226			202,200			201,541			195,623			182,444
Risk-based capital ratios:
Common equity tier 1	10.0		%	10.4		%	10.3		%	10.1		%	10.4		%
Tier 1	11.7			12.2			11.8			11.7			12.1
Total	13.9			14.6			14.3			14.2			14.2
Leverage capital ratio	9.6			10.1			9.8			9.9			10.2
Equity as a percentage of total assets	13.4			13.3			13.0			13.1			13.2
Common equity per common share	$	32.72		$	32.14		$	31.66		$	31.56		$	30.64

Selected Non-GAAP Capital Information (1)
Tangible common equity as a percentage of tangible assets	7.6		%	7.8		%	7.7		%	7.7		%	8.1		%
Tangible common equity per common share	$	19.75		$	20.36		$	19.82		$	19.77		$	20.21
Calculations of Tangible Common Equity, Tangible Assets and Related Measures: (1)
Total shareholders' equity	$	29,743		$	28,239		$	27,340		$	27,264		$	25,132
Less:
Preferred stock	3,053			3,054			2,603			2,603			2,603
Noncontrolling interests	39			39			34			40			52
Intangible assets	10,567			9,215			9,234			9,198			7,655
Tangible common equity	$	16,084		$	15,931		$	15,469		$	15,423		$	14,822
Total assets	$	221,859		$	212,405		$	209,947		$	208,809		$	191,017
Less:
Intangible assets	10,567			9,215			9,234			9,198			7,655
Tangible assets	$	211,292		$	203,190		$	200,713		$	199,611		$	183,362
Tangible Common Equity as a Percentage of Tangible Assets	7.6		%	7.8		%	7.7		%	7.7		%	8.1		%
Tangible common equity	$	16,084		$	15,931		$	15,469		$	15,423		$	14,822

Outstanding shares at end of period (in thousands)	814,500			782,379			780,337			780,150			733,481

Tangible Common Equity Per Common Share	$	19.75		$	20.36		$	19.82		$	19.77		$	20.21
(1) Tangible common equity and related ratios are non-GAAP measures. 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.

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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
Second Quarter 2016
Income tax adjustment	Provision for income taxes									N/A			$	13

First Quarter 2016
Energy-related provision in excess of charge-offs	Provision for credit losses									$	(28	)	(17		)

Fourth Quarter 2015
None										N/A			N/A

Third Quarter 2015
None										N/A			N/A

Second Quarter 2015
Gain on sale of American Coastal, excluding goodwill										23			15
Allocation of non-deductible goodwill to American Coastal										(49		)	(49		)
Net loss on sale of American Coastal	Other income									(26		)	(34		)

Loss on early extinguishment of debt	Debt extinguishment charges									(172		)	(107		)
Income tax adjustment	Provision for income taxes									N/A			107

First Quarter 2015
None										N/A			N/A


	As of / Quarter Ended
	June 30			March 31			Dec. 31			Sept. 30			June 30
	2016			2016			2015			2015			2015
Selected Mortgage Banking Information
Income statement impact of mortgage servicing rights valuation:
MSRs fair value increase (decrease)	$	(76	)	$	(134	)	$	31		$	(89	)	$	142
MSRs hedge gains (losses)	86			143			(24		)	94			(119		)
Net	$	10		$	9		$	7		$	5		$	23

Residential mortgage loan originations	$	5,605		$	3,602		$	3,535		$	5,039		$	5,498

Residential mortgage servicing portfolio (1):
Loans serviced for others	89,970			90,541			91,132			90,446			89,235
Bank-owned loans serviced	32,647			30,962			31,037			32,134			31,927
Total servicing portfolio	122,617			121,503			122,169			122,580			121,162

Weighted-average coupon rate	4.09		%	4.11		%	4.12		%	4.13		%	4.15		%
Weighted-average servicing fee	0.284			0.285			0.286			0.287			0.289
Selected Miscellaneous Information
Derivatives notional amount	$	79,068		$	70,658		$	67,525		$	72,978		$	76,205
Fair value of derivatives, net	180			224			178			286			177
AOCI related to securities, net of tax (2)	199			12			(330		)	(51		)	(148		)

Common stock prices:
High	37.02			37.03			39.47			41.90			41.70
Low	32.22			29.95			34.24			34.73			37.33
End of period	35.61			33.27			37.81			35.60			40.31

Banking offices	2,249			2,137			2,139			2,150			1,903
ATMs	3,321			3,185			3,181			3,361			3,077
FTEs	37,644			35,748			36,059			35,002			32,598
(1) Amounts reported are unpaid principal balance.
(2) Includes the impact of the FDIC loss sharing agreements on the acquired securities.




BB&T Corporation
Non-GAAP Reconciliations
(Dollars in millions)
	Quarter Ended
	June 30			March 31			Dec. 31			Sept. 30			June 30
Efficiency and Fee Income Ratios (1)	2016			2016			2015			2015			2015
Efficiency Ratio Numerator-Noninterest Expense - GAAP	$	1,797		$	1,545		$	1,597		$	1,594		$	1,653
Merger-related and restructuring charges, net	(92		)	(23		)	(50		)	(77		)	(25		)
Gain (loss) on early extinguishment of debt	—			1			—			—			(172		)
Foreclosed property expense	(8		)	(11		)	(11		)	(15		)	(14		)
Amortization of intangibles	(42		)	(32		)	(32		)	(29		)	(23		)
Efficiency Ratio Numerator - Adjusted	$	1,655		$	1,480		$	1,504		$	1,473		$	1,419

Fee Income Numerator-Noninterest Income - GAAP	$	1,130		$	1,016		$	1,015		$	988		$	1,019
Securities (gains) losses, net	—			(45		)	—			2			1
FDIC loss share accounting-amount in noninterest income	64			60			52			58			64
Loss on sale of American Coastal	—			—			—			—			26
Fee Income Numerator - Adjusted	$	1,194		$	1,031		$	1,067		$	1,048		$	1,110

Efficiency and Fee Income Ratios Denominator - Fully Taxable Equivalent Revenue - GAAP	$	2,787		$	2,584		$	2,557		$	2,489		$	2,367
Securities (gains) losses, net	—			(45		)	—			2			1
FDIC loss share accounting-offset to provision for covered loans	—			—			(2		)	(1		)	2
Loss on sale of American Coastal	—			—			—			—			26
Efficiency and Fee Income Ratios Denominator - Adjusted	$	2,787		$	2,539		$	2,555		$	2,490		$	2,396

Efficiency Ratio - GAAP	64.5		%	59.8		%	62.4		%	64.1		%	69.8		%
Effect of merger-related and restructuring charges, net	(3.4		)	(0.9		)	(1.9		)	(3.1		)	(1.1		)
Effect of loss on early extinguishment of debt	—			—			—			—			(7.1		)
Effect of foreclosed property expense	(0.3		)	(0.4		)	(0.4		)	(0.6		)	(0.6		)
Effect of amortization of intangibles	(1.5		)	(1.3		)	(1.3		)	(1.2		)	(0.9		)
Effect of securities gains (losses), net	—			1.1			—			—			—
Effect of FDIC loss share accounting	—			—			—			—			(0.1		)
Effect of loss on sale of American Coastal	—			—			—			—			(0.8		)
Efficiency Ratio - Adjusted	59.3		%	58.3		%	58.8		%	59.2		%	59.2		%

Fee Income Ratio - GAAP	40.6		%	39.3		%	39.7		%	39.7		%	43.0		%
Effect of securities gains (losses), net	—			(1.1		)	—			—			—
Effect of FDIC loss share accounting	2.2			2.4			2.1			2.4			2.7
Effect of loss on sale of American Coastal	—			—			—			—			0.6
Fee Income Ratio - Adjusted	42.8		%	40.6		%	41.8		%	42.1		%	46.3		%
(1) BB&T's management uses these measures in their analysis of the Corporation's performance and believes they 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.




BB&T Corporation
Non-GAAP Reconciliations
(Dollars in millions)
	Quarter Ended
	June 30			March 31			Dec. 31			Sept. 30			June 30
Return on Average Tangible Common Shareholders' Equity (1)	2016			2016			2015			2015			2015
Net income available to common shareholders	$	541		$	527		$	502		$	492		$	454
Plus: Amortization of intangibles, net of tax	26			20			21			18			14
Tangible net income available to common shareholders	$	567		$	547		$	523		$	510		$	468

Average common shareholders' equity	$	26,519		$	25,076		$	24,736		$	23,957		$	22,210
Less: Average intangible assets	10,574			9,226			9,224			8,666			7,496
Average tangible common shareholders' equity	$	15,945		$	15,850		$	15,512		$	15,291		$	14,714
Return on average tangible common shareholders' equity	14.33		%	13.87		%	13.37		%	13.23		%	12.76		%

										Year-to-Date June 30,
										2016			2015
Net income available to common shareholders										$	1,068		$	942
Plus: Amortization of intangibles, net of tax										46			27
Tangible net income available to common shareholders										$	1,114		$	969

Average common shareholders' equity										$	25,798		$	22,047
Less: Average intangible assets										9,900			7,431
Average tangible common shareholders' equity										$	15,898		$	14,616
Return on average tangible common shareholders' equity										14.10		%	13.37		%
(1) 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.

TRUIST FINANCIAL CORP - FORM 8-K - EX-99.2 - EXHIBIT 99.2 - July 20, 2016

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