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

Attached files

file	filename
EX-99.3 - EXHIBIT 99.3 - TRUIST FINANCIAL CORP	exhibit993slides4q16.htm
EX-99.1 - EXHIBIT 99.1 - TRUIST FINANCIAL CORP	exhibit991text4q16.htm
8-K - 8-K - TRUIST FINANCIAL CORP	release8kbody-4q16.htm

Exhibit 99.2

BB&T Corporation

Quarterly Performance Summary

Fourth 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
	December 31						%		December 31						%
	2016			2015			Change		2016			2015			Change
Summary Income Statement
Interest income	$	1,786		$	1,733		3.1	%	$	7,226		$	6,473		11.6	%
Interest expense	180			191			(5.8	)	745			735			1.4
Net interest income - taxable equivalent	1,606			1,542			4.2		6,481			5,738			12.9
Less: Taxable-equivalent adjustment	41			38			7.9		160			146			9.6
Net interest income	1,565			1,504			4.1		6,321			5,592			13.0
Provision for credit losses	129			129			—		572			428			33.6
Net interest income after provision for credit losses	1,436			1,375			4.4		5,749			5,164			11.3
Noninterest income	1,162			1,015			14.5		4,472			4,019			11.3
Noninterest expense	1,668			1,597			4.4		6,721			6,266			7.3
Income before income taxes	930			793			17.3		3,500			2,917			20.0
Provision for income taxes	287			251			14.3		1,058			794			33.2
Net income	643			542			18.6		2,442			2,123			15.0
Noncontrolling interests	7			3			133.3		16			39			(59.0	)
Preferred stock dividends	44			37			18.9		167			148			12.8
Net income available to common shareholders	592			502			17.9		2,259			1,936			16.7
Per Common Share Data
Earnings:
Basic	$	0.73		$	0.64		14.1	%	$	2.81		$	2.59		8.5	%
Diluted	0.72			0.64			12.5		2.77			2.56			8.2
Cash dividends declared	0.30			0.27			11.1		1.15			1.05			9.5
Common equity	33.14			31.66			4.7		33.14			31.66			4.7
Tangible common equity (1)	20.18			19.82			1.8		20.18			19.82			1.8

End of period shares outstanding	809,475			780,337			3.7		809,475			780,337			3.7
Weighted average shares:
Basic	810,593			780,261			3.9		804,680			748,010			7.6
Diluted	821,971			790,244			4.0		814,916			757,765			7.5
Performance Ratios
Return on average assets	1.16		%	1.03		%			1.12		%	1.08		%
Return on average risk-weighted assets	1.45			1.29					1.41			1.35
Return on average common shareholders' equity	8.75			8.06					8.57			8.34
Return on average tangible common shareholders' equity (2)	14.91			13.37					14.59			13.34
Net interest margin - taxable equivalent	3.32			3.35					3.39			3.32
Fee income ratio-GAAP (3)	42.6			40.3					41.4			41.8
Efficiency ratio-GAAP (3)	61.1			63.4					62.3			65.2
Efficiency ratio-adjusted (4)	59.5			59.2					59.2			59.5
Credit Quality
Nonperforming assets as a percentage of:
Total assets	0.37		%	0.34		%			0.37		%	0.34		%
Loans and leases plus foreclosed property	0.57			0.52					0.57			0.52
Net charge-offs as a percentage of average loans and leases	0.42			0.38					0.38			0.35
Allowance for loan and lease losses as a percentage of loans and leases held for investment	1.04			1.07					1.04			1.07
Ratio of allowance for loan and lease losses to nonperforming loans and leases held for investment	2.03x			2.53x					2.03x			2.53x
Average Balances
Total assets	$	220,165		$	209,217		5.2	%	$	218,945		$	197,347		10.9	%
Total securities (5)	44,881			43,468			3.3		46,279			42,103			9.9
Loans and leases	144,569			136,190			6.2		141,759			127,802			10.9
Deposits	160,118			148,491			7.8		157,469			138,498			13.7
Common shareholders' equity	26,962			24,736			9.0		26,349			23,206			13.5
Shareholders' equity	30,054			27,378			9.8		29,355			25,871			13.5
Period-End Balances
Total assets	$	219,276		$	209,947		4.4	%	$	219,276		$	209,947		4.4	%
Total securities (5)	43,606			43,827			(0.5	)	43,606			43,827			(0.5	)
Loans and leases	145,038			136,986			5.9		145,038			136,986			5.9
Deposits	160,234			149,124			7.5		160,234			149,124			7.5
Common shareholders' equity	26,828			24,703			8.6		26,828			24,703			8.6
Shareholders' equity	29,926			27,340			9.5		29,926			27,340			9.5
Capital Ratios - Preliminary
Risk-based:
Common equity Tier 1	10.2		%	10.3		%			10.2		%	10.3		%
Tier 1	12.0			11.8					12.0			11.8
Total	14.1			14.3					14.1			14.3
Leverage	10.0			9.8					10.0			9.8
Applicable ratios are annualized.
(1) Tangible common equity per share is a non-GAAP measure. See the calculations and management's reasons for using this measure 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) The calculations for the fee income ratio and the efficiency ratio have been revised to use net interest income as reported instead of net interest income on a taxable equivalent basis. Prior periods have been revised to conform to the current presentation.
(4) The adjusted efficiency ratio is a non-GAAP measure and excludes certain items as detailed in the Non-GAAP Reconciliations section of this supplement. During the third quarter of 2016, the calculation was revised and prior periods were adjusted to conform to the current presentation. See the calculations and management's reasons for using this measure in the Non-GAAP reconciliations section of this supplement. The adjusted fee income ratio is no longer presented.
(5) 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
	Dec. 31			Sept. 30			June 30			March 31			Dec. 31
	2016			2016			2016			2016			2015
Summary Income Statement
Interest income	$	1,786		$	1,835		$	1,845		$	1,760		$	1,733
Interest expense	180			185			188			192			191
Net interest income - taxable equivalent	1,606			1,650			1,657			1,568			1,542
Less: Taxable-equivalent adjustment	41			40			40			39			38
Net interest income	1,565			1,610			1,617			1,529			1,504
Provision for credit losses	129			148			111			184			129
Net interest income after provision for credit losses	1,436			1,462			1,506			1,345			1,375
Noninterest income	1,162			1,164			1,130			1,016			1,015
Noninterest expense	1,668			1,711			1,797			1,545			1,597
Income before income taxes	930			915			839			816			793
Provision for income taxes	287			273			252			246			251
Net income	643			642			587			570			542
Noncontrolling interests	7			—			3			6			3
Preferred stock dividends	44			43			43			37			37
Net income available to common shareholders	592			599			541			527			502
Per Common Share Data
Earnings:
Basic	$	0.73		$	0.74		$	0.67		$	0.67		$	0.64
Diluted	0.72			0.73			0.66			0.67			0.64
Cash dividends declared	0.30			0.30			0.28			0.27			0.27
Common equity	33.14			33.27			32.72			32.14			31.66
Tangible common equity (1)	20.18			20.31			19.75			20.36			19.82

End of period shares outstanding	809,475			811,424			814,500			782,379			780,337
Weighted average shares:
Basic	810,593			812,521			814,261			781,193			780,261
Diluted	821,971			823,106			823,682			790,176			790,244
Performance Ratios
Return on average assets	1.16		%	1.15		%	1.06		%	1.09		%	1.03		%
Return on average risk-weighted assets	1.45			1.45			1.38			1.37			1.29
Return on average common shareholders' equity	8.75			8.87			8.21			8.45			8.06
Return on average tangible common shareholders' equity (2)	14.91			15.20			14.33			13.87			13.37
Net interest margin - taxable equivalent	3.32			3.39			3.41			3.43			3.35
Fee income ratio-GAAP (3)	42.6			41.9			41.2			39.9			40.3
Efficiency ratio-GAAP (3)	61.1			61.7			65.4			60.7			63.4
Efficiency ratio-adjusted (4)	59.5			58.7			59.6			58.8			59.2
Credit Quality
Nonperforming assets as a percentage of:
Total assets	0.37		%	0.38		%	0.40		%	0.42		%	0.34		%
Loans and leases plus foreclosed property	0.57			0.59			0.62			0.67			0.52
Net charge-offs as a percentage of average loans and leases	0.42			0.37			0.28			0.46			0.38
Allowance for loan and lease losses as a percentage of loans and leases held for investment	1.04			1.06			1.06			1.10			1.07
Ratio of allowance for loan and lease losses to nonperforming loans and leases held for investment	2.03x			2.00x			1.90x			1.89x			2.53x
Average Balances
Total assets	$	220,165		$	222,065		$	223,399		$	210,102		$	209,217
Total securities (5)	44,881			47,152			48,510			44,580			43,468
Loans and leases	144,569			143,689			143,097			135,628			136,190
Deposits	160,118			159,503			160,338			149,867			148,491
Common shareholders' equity	26,962			26,824			26,519			25,076			24,736
Shareholders' equity	30,054			29,916			29,610			27,826			27,378
Period-End Balances
Total assets	$	219,276		$	222,622		$	221,859		$	212,405		$	209,947
Total securities (5)	43,606			47,199			47,006			46,480			43,827
Loans and leases	145,038			145,112			144,711			136,671			136,986
Deposits	160,234			159,915			159,238			150,500			149,124
Common shareholders' equity	26,828			26,999			26,651			25,146			24,703
Shareholders' equity	29,926			30,091			29,743			28,239			27,340
Capital Ratios - Preliminary
Risk-based:
Common equity Tier 1	10.2		%	10.1		%	10.0		%	10.4		%	10.3		%
Tier 1	12.0			11.8			11.7			12.2			11.8
Total	14.1			14.0			13.9			14.6			14.3
Leverage	10.0			9.8			9.6			10.1			9.8
Applicable ratios are annualized.
(1) Tangible common equity per share is a non-GAAP measure. See the calculations and management's reasons for using this measure 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) The calculations for the fee income ratio and the efficiency ratio have been revised to use net interest income as reported instead of net interest income on a taxable equivalent basis. Prior periods have been revised to conform to the current presentation.
(4) The adjusted efficiency ratio is a non-GAAP measure and excludes certain items as detailed in the Non-GAAP Reconciliations section of this supplement. During the third quarter of 2016, the calculation was revised and prior periods were adjusted to conform to the current presentation. See the calculations and management's reasons for using this measure in the Non-GAAP reconciliations section of this supplement. The adjusted fee income ratio is no longer presented.
(5) 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
	Dec. 31						Change					Dec. 31						Change
	2016			2015			$			%		2016			2015			$			%
Interest Income
Interest and fees on loans and leases	$	1,510		$	1,449		$	61		4.2	%	$	5,985		$	5,347		$	638		11.9	%
Interest and dividends on securities	226			237			(11		)	(4.6	)	1,029			941			88			9.4
Interest on other earning assets	9			9			—			—		52			39			13			33.3
Total interest income	1,745			1,695			50			2.9		7,066			6,327			739			11.7
Interest Expense
Interest on deposits	61			62			(1		)	(1.6	)	251			233			18			7.7
Interest on short-term borrowings	2			1			1			100.0		9			4			5			125.0
Interest on long-term debt	117			128			(11		)	(8.6	)	485			498			(13		)	(2.6	)
Total interest expense	180			191			(11		)	(5.8	)	745			735			10			1.4
Net Interest Income	1,565			1,504			61			4.1		6,321			5,592			729			13.0
Provision for credit losses	129			129			—			—		572			428			144			33.6
Net Interest Income After Provision for Credit Losses	1,436			1,375			61			4.4		5,749			5,164			585			11.3
Noninterest Income
Insurance income	419			380			39			10.3		1,713			1,596			117			7.3
Service charges on deposits	172			165			7			4.2		664			631			33			5.2
Mortgage banking income	107			104			3			2.9		463			455			8			1.8
Investment banking and brokerage fees and commissions	108			91			17			18.7		408			398			10			2.5
Trust and investment advisory revenues	69			64			5			7.8		266			240			26			10.8
Bankcard fees and merchant discounts	60			56			4			7.1		237			218			19			8.7
Checkcard fees	50			47			3			6.4		195			174			21			12.1
Operating lease income	34			33			1			3.0		137			124			13			10.5
Income from bank-owned life insurance	26			27			(1		)	(3.7	)	123			113			10			8.8
FDIC loss share income, net	—			(52		)	52			(100.0	)	(142		)	(253		)	111			(43.9	)
Securities gains (losses), net	1			—			1			NM		46			(3		)	49			NM
Other income	116			100			16			16.0		362			326			36			11.0
Total noninterest income	1,162			1,015			147			14.5		4,472			4,019			453			11.3
Noninterest Expense
Personnel expense	1,004			893			111			12.4		3,964			3,469			495			14.3
Occupancy and equipment expense	198			192			6			3.1		786			708			78			11.0
Software expense	57			52			5			9.6		224			192			32			16.7
Loan-related expense	(6		)	37			(43		)	(116.2	)	95			150			(55		)	(36.7	)
Outside IT services	50			41			9			22.0		186			135			51			37.8
Professional services	27			29			(2		)	(6.9	)	102			130			(28		)	(21.5	)
Amortization of intangibles	38			32			6			18.8		150			105			45			42.9
Regulatory charges	42			28			14			50.0		145			101			44			43.6
Foreclosed property expense	9			11			(2		)	(18.2	)	37			53			(16		)	(30.2	)
Merger-related and restructuring charges, net	13			50			(37		)	(74.0	)	171			165			6			3.6
Loss (gain) on early extinguishment of debt	—			—			—			NM		(1		)	172			(173		)	(100.6	)
Other expense	236			232			4			1.7		862			886			(24		)	(2.7	)
Total noninterest expense	1,668			1,597			71			4.4		6,721			6,266			455			7.3
Earnings
Income before income taxes	930			793			137			17.3		3,500			2,917			583			20.0
Provision for income taxes	287			251			36			14.3		1,058			794			264			33.2
Net income	643			542			101			18.6		2,442			2,123			319			15.0
Noncontrolling interests	7			3			4			133.3		16			39			(23		)	(59.0	)
Preferred stock dividends	44			37			7			18.9		167			148			19			12.8
Net income available to common shareholders	$	592		$	502		$	90		17.9	%	$	2,259		$	1,936		$	323		16.7	%
Earnings Per Common Share
Basic	$	0.73		$	0.64		$	0.09		14.1	%	$	2.81		$	2.59		$	0.22		8.5	%
Diluted	0.72			0.64			0.08			12.5		2.77			2.56			0.21			8.2
Weighted Average Shares Outstanding
Basic	810,593			780,261			30,332			3.9		804,680			748,010			56,670			7.6
Diluted	821,971			790,244			31,727			4.0		814,916			757,765			57,151			7.5
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
	Dec. 31			Sept. 30			June 30			March 31			Dec. 31
	2016			2016			2016			2016			2015
Interest Income
Interest and fees on loans and leases	$	1,510		$	1,524		$	1,509		$	1,442		$	1,449
Interest and dividends on securities	226			262			286			255			237
Interest on other earning assets	9			9			10			24			9
Total interest income	1,745			1,795			1,805			1,721			1,695
Interest Expense
Interest on deposits	61			62			64			64			62
Interest on short-term borrowings	2			2			3			2			1
Interest on long-term debt	117			121			121			126			128
Total interest expense	180			185			188			192			191
Net Interest Income	1,565			1,610			1,617			1,529			1,504
Provision for credit losses	129			148			111			184			129
Net Interest Income After Provision for Credit Losses	1,436			1,462			1,506			1,345			1,375
Noninterest Income
Insurance income	419			410			465			419			380
Service charges on deposits	172			172			166			154			165
Mortgage banking income	107			154			111			91			104
Investment banking and brokerage fees and commissions	108			101			102			97			91
Trust and investment advisory revenues	69			68			67			62			64
Bankcard fees and merchant discounts	60			61			60			56			56
Checkcard fees	50			50			50			45			47
Operating lease income	34			34			35			34			33
Income from bank-owned life insurance	26			35			31			31			27
FDIC loss share income, net	—			(18		)	(64		)	(60		)	(52		)
Securities gains (losses), net	1			—			—			45			—
Other income	116			97			107			42			100
Total noninterest income	1,162			1,164			1,130			1,016			1,015
Noninterest Expense
Personnel expense	1,004			1,006			1,039			915			893
Occupancy and equipment expense	198			203			194			191			192
Software expense	57			63			53			51			52
Loan-related expense	(6		)	33			36			32			37
Outside IT services	50			51			44			41			41
Professional services	27			27			26			22			29
Amortization of intangibles	38			38			42			32			32
Regulatory charges	42			41			32			30			28
Foreclosed property expense	9			9			8			11			11
Merger-related and restructuring charges, net	13			43			92			23			50
Loss (gain) on early extinguishment of debt	—			—			—			(1		)	—
Other expense	236			197			231			198			232
Total noninterest expense	1,668			1,711			1,797			1,545			1,597
Earnings
Income before income taxes	930			915			839			816			793
Provision for income taxes	287			273			252			246			251
Net income	643			642			587			570			542
Noncontrolling interests	7			—			3			6			3
Preferred stock dividends	44			43			43			37			37
Net income available to common shareholders	$	592		$	599		$	541		$	527		$	502
Earnings Per Common Share
Basic	$	0.73		$	0.74		$	0.67		$	0.67		$	0.64
Diluted	0.72			0.73			0.66			0.67			0.64
Weighted Average Shares Outstanding
Basic	810,593			812,521			814,261			781,193			780,261
Diluted	821,971			823,106			823,682			790,176			790,244

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

	Quarter Ended
Community Banking	Dec. 31			Sept. 30			June 30			March 31			Dec. 31
	2016			2016			2016			2016			2015
Net interest income (expense)	$	577		$	570		$	532		$	529		$	492
Net intersegment interest income (expense)	407			402			391			389			361
Segment net interest income	984			972			923			918			853
Allocated provision for credit losses	26			(3		)	23			(10		)	39
Noninterest income	317			317			305			288			301
Intersegment net referral fees (expenses)	42			41			40			30			30
Noninterest expense	440			446			434			422			404
Amortization of intangibles	15			16			18			19			14
Allocated corporate expenses	337			338			330			332			309
Income (loss) before income taxes	525			533			463			473			418
Provision (benefit) for income taxes	191			195			168			172			156
Segment net income (loss)	$	334		$	338		$	295		$	301		$	262
Identifiable segment assets (period end)	$	71,538		$	71,034		$	66,680		$	66,546		$	67,063

	Quarter Ended
Residential Mortgage Banking	Dec. 31			Sept. 30			June 30			March 31			Dec. 31
	2016			2016			2016			2016			2015
Net interest income (expense)	$	332		$	344		$	333		$	332		$	336
Net intersegment interest income (expense)	(223		)	(225		)	(223		)	(227		)	(225		)
Segment net interest income	109			119			110			105			111
Allocated provision for credit losses	15			9			10			11			8
Noninterest income	75			116			82			71			78
Intersegment net referral fees (expenses)	—			—			1			—			1
Noninterest expense	38			10			87			76			78
Amortization of intangibles	—			—			—			—			—
Allocated corporate expenses	28			28			25			26			25
Income (loss) before income taxes	103			188			71			63			79
Provision (benefit) for income taxes	39			71			27			24			30
Segment net income (loss)	$	64		$	117		$	44		$	39		$	49
Identifiable segment assets (period end)	$	33,384		$	34,266		$	33,606		$	33,208		$	33,364

	Quarter Ended
Dealer Financial Services	Dec. 31			Sept. 30			June 30			March 31			Dec. 31
	2016			2016			2016			2016			2015
Net interest income (expense)	$	246		$	229		$	226		$	229		$	231
Net intersegment interest income (expense)	(43		)	(39		)	(39		)	(40		)	(39		)
Segment net interest income	203			190			187			189			192
Allocated provision for credit losses	86			76			58			76			77
Noninterest income	—			1			—			1			—
Intersegment net referral fees (expenses)	—			—			—			—			—
Noninterest expense	39			39			36			35			40
Amortization of intangibles	—			—			—			—			—
Allocated corporate expenses	12			11			11			11			9
Income (loss) before income taxes	66			65			82			68			66
Provision (benefit) for income taxes	25			25			31			26			25
Segment net income (loss)	$	41		$	40		$	51		$	42		$	41
Identifiable segment assets (period end)	$	16,556		$	15,090		$	14,463		$	14,692		$	15,130

	Quarter Ended
Specialized Lending	Dec. 31			Sept. 30			June 30			March 31			Dec. 31
	2016			2016			2016			2016			2015
Net interest income (expense)	$	194		$	194		$	186		$	178		$	178
Net intersegment interest income (expense)	(74		)	(72		)	(69		)	(68		)	(65		)
Segment net interest income	120			122			117			110			113
Allocated provision for credit losses	12			23			17			18			12
Noninterest income	76			83			73			65			71
Intersegment net referral fees (expenses)	—			—			—			—			—
Noninterest expense	90			73			72			65			71
Amortization of intangibles	1			2			1			1			1
Allocated corporate expenses	22			22			19			18			16
Income (loss) before income taxes	71			85			81			73			84
Provision (benefit) for income taxes	16			21			20			17			21
Segment net income (loss)	$	55		$	64		$	61		$	56		$	63
Identifiable segment assets (period end)	$	19,976		$	20,418		$	19,739		$	18,155		$	18,243
Lines of business results are preliminary.

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

	Quarter Ended
Insurance Holdings	Dec. 31			Sept. 30			June 30			March 31			Dec. 31
	2016			2016			2016			2016			2015
Net interest income (expense)	$	1		$	1		$	1		$	—		$	—
Net intersegment interest income (expense)	1			1			1			1			2
Segment net interest income	2			2			2			1			2
Allocated provision for credit losses	—			—			—			—			—
Noninterest income	428			412			465			421			388
Intersegment net referral fees (expenses)	—			—			—			—			—
Noninterest expense	331			332			350			299			295
Amortization of intangibles	16			15			18			11			12
Allocated corporate expenses	27			28			28			28			24
Income (loss) before income taxes	56			39			71			84			59
Provision (benefit) for income taxes	22			16			27			31			23
Segment net income (loss)	$	34		$	23		$	44		$	53		$	36
Identifiable segment assets (period end)	$	3,464		$	3,343		$	3,590		$	2,800		$	2,804

	Quarter Ended
Financial Services	Dec. 31			Sept. 30			June 30			March 31			Dec. 31
	2016			2016			2016			2016			2015
Net interest income (expense)	$	64		$	65		$	68		$	63		$	60
Net intersegment interest income (expense)	97			96			91			88			85
Segment net interest income	161			161			159			151			145
Allocated provision for credit losses	(2		)	32			6			90			(3		)
Noninterest income	255			226			210			197			210
Intersegment net referral fees (expenses)	8			7			5			3			11
Noninterest expense	191			191			189			182			168
Amortization of intangibles	1			1			1			1			1
Allocated corporate expenses	39			38			37			37			34
Income (loss) before income taxes	195			132			141			41			166
Provision (benefit) for income taxes	73			49			53			15			62
Segment net income (loss)	$	122		$	83		$	88		$	26		$	104
Identifiable segment assets (period end)	$	17,424		$	17,760		$	17,569		$	17,977		$	16,646

	Quarter Ended
Other, Treasury & Corporate (1)(2)	Dec. 31			Sept. 30			June 30			March 31			Dec. 31
	2016			2016			2016			2016			2015
Net interest income (expense)	$	151		$	207		$	271		$	198		$	207
Net intersegment interest income (expense)	(165		)	(163		)	(152		)	(143		)	(119		)
Segment net interest income	(14		)	44			119			55			88
Allocated provision for credit losses	(8		)	11			(3		)	(1		)	(4		)
Noninterest income	11			9			(5		)	(27		)	(33		)
Intersegment net referral fees (expenses)	(50		)	(48		)	(46		)	(33		)	(42		)
Noninterest expense	501			582			587			434			509
Amortization of intangibles	5			4			4			—			4
Allocated corporate expenses	(465		)	(465		)	(450		)	(452		)	(417		)
Income (loss) before income taxes	(86		)	(127		)	(70		)	14			(79		)
Provision (benefit) for income taxes	(79		)	(104		)	(74		)	(39		)	(66		)
Segment net income (loss)	$	(7	)	$	(23	)	$	4		$	53		$	(13	)
Identifiable segment assets (period end)	$	56,934		$	60,711		$	66,212		$	59,027		$	56,697

	Quarter Ended
Total BB&T Corporation	Dec. 31			Sept. 30			June 30			March 31			Dec. 31
	2016			2016			2016			2016			2015
Net interest income (expense)	$	1,565		$	1,610		$	1,617		$	1,529		$	1,504
Net intersegment interest income (expense)	—			—			—			—			—
Segment net interest income	1,565			1,610			1,617			1,529			1,504
Allocated provision for credit losses	129			148			111			184			129
Noninterest income	1,162			1,164			1,130			1,016			1,015
Intersegment net referral fees (expenses)	—			—			—			—			—
Noninterest expense	1,630			1,673			1,755			1,513			1,565
Amortization of intangibles	38			38			42			32			32
Allocated corporate expenses	—			—			—			—			—
Income (loss) before income taxes	930			915			839			816			793
Provision (benefit) for income taxes	287			273			252			246			251
Segment net income (loss)	$	643		$	642		$	587		$	570		$	542
Identifiable segment assets (period end)	$	219,276		$	222,622		$	221,859		$	212,405		$	209,947
(1) Includes financial data from subsidiaries below the quantitative and qualitative thresholds requiring disclosure.
(2) The financial information related to National Penn's operations was included in the Other, Treasury & Corporate segment for the second quarter of 2016 and is 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
	Dec. 31			Sept. 30			June 30			March 31			Dec. 31
	2016			2016			2016			2016			2015
Assets
Cash and due from banks	$	1,897		$	1,850		$	1,958		$	1,825		$	2,123
Interest-bearing deposits with banks	1,895			930			510			786			1,435
Federal funds sold and securities purchased under resale agreements or similar arrangements	144			192			145			167			153
Restricted cash	488			654			846			666			456
Securities available for sale at fair value	26,926			29,449			28,244			27,129			25,297
Securities held to maturity at amortized cost	16,680			17,750			18,762			19,351			18,530
Loans and leases:
Commercial:
Commercial and industrial	51,719			51,779			52,103			48,727			48,430
CRE-income producing properties	14,538			14,624			14,872			13,728			13,421
CRE-construction and development	3,819			3,864			3,690			3,416			3,732
Dealer floor plan	1,413			1,288			1,308			1,266			1,215
Direct retail lending	12,092			12,022			12,025			11,085			11,140
Sales finance	11,267			9,964			9,429			9,784			10,327
Revolving credit	2,655			2,561			2,512			2,449			2,510
Residential mortgage	29,921			30,369			30,650			29,998			30,533
Other lending subsidiaries	14,988			14,945			14,528			13,587			13,521
Acquired from FDIC and PCI	910			1,007			1,109			1,056			1,122
Total loans and leases held for investment	143,322			142,423			142,226			135,096			135,951
Loans held for sale	1,716			2,689			2,485			1,575			1,035
Total loans and leases	145,038			145,112			144,711			136,671			136,986
Allowance for loan and lease losses	(1,489		)	(1,511		)	(1,507		)	(1,488		)	(1,460		)
Premises and equipment	2,107			2,059			2,088			2,001			2,007
Goodwill	9,638			9,627			9,621			8,559			8,548
Core deposit and other intangible assets	854			892			946			656			686
Mortgage servicing rights at fair value	1,052			828			785			860			880
Other assets	14,046			14,790			14,750			15,222			14,306
Total assets	$	219,276		$	222,622		$	221,859		$	212,405		$	209,947
Liabilities and Shareholders' Equity
Deposits:
Noninterest-bearing deposits	$	50,697		$	51,000		$	49,180		$	47,258		$	45,695
Interest checking	30,263			27,709			28,528			25,915			25,410
Money market and savings	64,883			64,090			64,064			60,349			60,461
Time deposits	14,391			17,116			17,466			16,978			17,558
Total deposits	160,234			159,915			159,238			150,500			149,124
Short-term borrowings	1,406			4,064			1,472			4,130			3,593
Long-term debt	21,965			22,776			24,435			22,823			23,769
Accounts payable and other liabilities	5,745			5,776			6,971			6,713			6,121
Total liabilities	189,350			192,531			192,116			184,166			182,607
Shareholders' equity:
Preferred stock	3,053			3,053			3,053			3,054			2,603
Common stock	4,047			4,057			4,073			3,912			3,902
Additional paid-in capital	9,104			9,233			9,311			8,360			8,365
Retained earnings	14,809			14,459			14,104			13,791			13,464
Accumulated other comprehensive loss	(1,132		)	(750		)	(837		)	(917		)	(1,028		)
Noncontrolling interests	45			39			39			39			34
Total shareholders' equity	29,926			30,091			29,743			28,239			27,340
Total liabilities and shareholders' equity	$	219,276		$	222,622		$	221,859		$	212,405		$	209,947

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BB&T Corporation
Average Balance Sheets
(Dollars in millions)
	Quarter Ended									Year-to-Date
	December 31				Change					December 31				Change
	2016		2015		$			%		2016		2015		$			%
Assets
Securities at amortized cost (1):
U.S. Treasury	$	3,744	$	2,794	$	950		34.0	%	$	3,061	$	2,650	$	411		15.5	%
U.S. government-sponsored entities (GSE)	2,378		5,165		(2,787		)	(54.0	)	3,601		5,338		(1,737		)	(32.5	)
Mortgage-backed securities issued by GSE	35,954		32,442		3,512			10.8		36,658		30,683		5,975			19.5
States and political subdivisions	2,269		2,306		(37		)	(1.6	)	2,361		2,204		157			7.1
Non-agency mortgage-backed	474		697		(223		)	(32.0	)	534		751		(217		)	(28.9	)
Other	62		64		(2		)	(3.1	)	64		477		(413		)	(86.6	)
Total securities	44,881		43,468		1,413			3.3		46,279		42,103		4,176			9.9
Other earning assets	3,124		3,493		(369		)	(10.6	)	3,202		2,768		434			15.7
Loans and leases:
Commercial:
Commercial and industrial	51,306		48,047		3,259			6.8		50,623		44,648		5,975			13.4
CRE-income producing properties	14,566		13,264		1,302			9.8		14,379		11,806		2,573			21.8
CRE-construction and development	3,874		3,766		108			2.9		3,742		3,196		546			17.1
Dealer floor plan	1,367		1,164		203			17.4		1,295		1,068		227			21.3
Direct retail lending	12,046		10,896		1,150			10.6		11,796		9,375		2,421			25.8
Sales finance	10,599		10,533		66			0.6		9,914		9,975		(61		)	(0.6	)
Revolving credit	2,608		2,458		150			6.1		2,521		2,406		115			4.8
Residential mortgage	30,044		30,334		(290		)	(1.0	)	30,184		30,252		(68		)	(0.2	)
Other lending subsidiaries	14,955		13,281		1,674			12.6		14,277		12,291		1,986			16.2
Acquired from FDIC and PCI	974		1,070		(96		)	(9.0	)	1,063		1,083		(20		)	(1.8	)
Total loans and leases held for investment	142,339		134,813		7,526			5.6		139,794		126,100		13,694			10.9
Loans held for sale	2,230		1,377		853			61.9		1,965		1,702		263			15.5
Total loans and leases	144,569		136,190		8,379			6.2		141,759		127,802		13,957			10.9
Total earning assets	192,574		183,151		9,423			5.1		191,240		172,673		18,567			10.8
Nonearning assets	27,591		26,066		1,525			5.9		27,705		24,674		3,031			12.3
Total assets	$	220,165	$	209,217	$	10,948		5.2	%	$	218,945	$	197,347	$	21,598		10.9	%
Liabilities and Shareholders' Equity
Deposits:
Noninterest-bearing deposits	$	51,421	$	45,824	$	5,597		12.2	%	$	49,255	$	42,816	$	6,439		15.0	%
Interest checking	28,634		24,157		4,477			18.5		27,595		22,092		5,503			24.9
Money market and savings	63,884		61,431		2,453			4.0		62,966		56,592		6,374			11.3
Time deposits	15,693		16,981		(1,288		)	(7.6	)	16,619		16,405		214			1.3
Foreign office deposits - interest-bearing	486		98		388			NM		1,034		593		441			74.4
Total deposits	160,118		148,491		11,627			7.8		157,469		138,498		18,971			13.7
Short-term borrowings	2,373		2,698		(325		)	(12.0	)	2,554		3,221		(667		)	(20.7	)
Long-term debt	21,563		24,306		(2,743		)	(11.3	)	22,791		23,343		(552		)	(2.4	)
Accounts payable and other liabilities	6,057		6,344		(287		)	(4.5	)	6,776		6,414		362			5.6
Total liabilities	190,111		181,839		8,272			4.5		189,590		171,476		18,114			10.6
Shareholders' equity	30,054		27,378		2,676			9.8		29,355		25,871		3,484			13.5
Total liabilities and shareholders' equity	$	220,165	$	209,217	$	10,948		5.2	%	$	218,945	$	197,347	$	21,598		10.9	%
Average balances exclude basis adjustments for fair value hedges.
(1) Excludes trading securities.
NM - not meaningful

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BB&T Corporation
Average Balance Sheets - Five Quarter Trend
(Dollars in millions)
	Quarter Ended
	Dec. 31		Sept. 30		June 30		March 31		Dec. 31
	2016		2016		2016		2016		2015
Assets
Securities at amortized cost (1):
U.S. Treasury	$	3,744	$	3,460	$	2,252	$	2,777	$	2,794
U.S. government-sponsored entities (GSE)	2,378		2,786		4,199		5,065		5,165
Mortgage-backed securities issued by GSE	35,954		37,987		38,911		33,774		32,442
States and political subdivisions	2,269		2,356		2,555		2,266		2,306
Non-agency mortgage-backed	474		502		526		636		697
Other	62		61		67		62		64
Total securities	44,881		47,152		48,510		44,580		43,468
Other earning assets	3,124		3,068		3,215		3,404		3,493
Loans and leases:
Commercial:
Commercial and industrial	51,306		51,508		51,646		48,013		48,047
CRE-income producing properties	14,566		14,667		14,786		13,490		13,264
CRE-construction and development	3,874		3,802		3,669		3,619		3,766
Dealer floor plan	1,367		1,268		1,305		1,239		1,164
Direct retail lending	12,046		11,994		12,031		11,107		10,896
Sales finance	10,599		9,339		9,670		10,049		10,533
Revolving credit	2,608		2,537		2,477		2,463		2,458
Residential mortgage	30,044		30,357		30,471		29,864		30,334
Other lending subsidiaries	14,955		14,742		13,961		13,439		13,281
Acquired from FDIC and PCI	974		1,052		1,130		1,098		1,070
Total loans and leases held for investment	142,339		141,266		141,146		134,381		134,813
Loans held for sale	2,230		2,423		1,951		1,247		1,377
Total loans and leases	144,569		143,689		143,097		135,628		136,190
Total earning assets	192,574		193,909		194,822		183,612		183,151
Nonearning assets	27,591		28,156		28,577		26,490		26,066
Total assets	$	220,165	$	222,065	$	223,399	$	210,102	$	209,217
Liabilities and Shareholders' Equity
Deposits:
Noninterest-bearing deposits	$	51,421	$	50,559	$	48,801	$	46,203	$	45,824
Interest checking	28,634		27,754		28,376		25,604		24,157
Money market and savings	63,884		64,335		63,195		60,424		61,431
Time deposits	15,693		15,818		18,101		16,884		16,981
Foreign office deposits - interest-bearing	486		1,037		1,865		752		98
Total deposits	160,118		159,503		160,338		149,867		148,491
Short-term borrowings	2,373		2,128		2,951		2,771		2,698
Long-term debt	21,563		23,428		23,272		22,907		24,306
Accounts payable and other liabilities	6,057		7,090		7,228		6,731		6,344
Total liabilities	190,111		192,149		193,789		182,276		181,839
Shareholders' equity	30,054		29,916		29,610		27,826		27,378
Total liabilities and shareholders' equity	$	220,165	$	222,065	$	223,399	$	210,102	$	209,217
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
	December 31, 2016							September 30, 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	$	3,744	$	15		1.62	%	$	3,460	$	14	1.63	%
U.S. government-sponsored entities (GSE)	2,378		13			2.23		2,786		16		2.18
Mortgage-backed securities issued by GSE	35,954		185			2.06		37,987		195		2.05
States and political subdivisions	2,269		29			5.01		2,356		30		5.16
Non-agency mortgage-backed	474		(3		)	(3.06	)	502		19		14.81
Other	62		(1		)	2.31		61		—		1.67
Total securities	44,881		238			2.13		47,152		274		2.32
Other earning assets	3,124		10			1.21		3,068		9		1.17
Loans and leases:
Commercial:
Commercial and industrial	51,306		426			3.30		51,508		436		3.37
CRE-income producing properties	14,566		132			3.60		14,667		138		3.75
CRE-construction and development	3,874		35			3.61		3,802		36		3.74
Dealer floor plan	1,367		7			2.16		1,268		7		2.09
Direct retail lending	12,046		128			4.22		11,994		130		4.30
Sales finance	10,599		90			3.36		9,339		71		3.04
Revolving credit	2,608		57			8.71		2,537		56		8.80
Residential mortgage	30,044		299			3.97		30,357		308		4.06
Other lending subsidiaries	14,955		297			7.92		14,742		298		8.05
Acquired from FDIC and PCI	974		49			20.07		1,052		52		19.68
Total loans and leases held for investment	142,339		1,520			4.25		141,266		1,532		4.32
Loans held for sale	2,230		18			3.12		2,423		20		3.25
Total loans and leases	144,569		1,538			4.24		143,689		1,552		4.30
Total earning assets	192,574		1,786			3.70		193,909		1,835		3.77
Nonearning assets	27,591							28,156
Total assets	$	220,165						$	222,065
Liabilities and Shareholders' Equity
Interest-bearing deposits:
Interest checking	$	28,634	10			0.14		$	27,754	10		0.15
Money market and savings	63,884		31			0.20		64,335		31		0.19
Time deposits	15,693		19			0.48		15,818		20		0.50
Foreign office deposits - interest-bearing	486		1			0.38		1,037		1		0.38
Total interest-bearing deposits	108,697		61			0.22		108,944		62		0.23
Short-term borrowings	2,373		2			0.34		2,128		2		0.34
Long-term debt	21,563		117			2.16		23,428		121		2.05
Total interest-bearing liabilities	132,633		180			0.54		134,500		185		0.55
Noninterest-bearing deposits	51,421							50,559
Accounts payable and other liabilities	6,057							7,090
Shareholders' equity	30,054							29,916
Total liabilities and shareholders' equity	$	220,165						$	222,065
Average interest-rate spread						3.16						3.22

Net interest income/ net interest margin			$	1,606		3.32	%			$	1,650	3.39	%
Taxable-equivalent adjustment			$	41						$	40
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
	June 30, 2016						March 31, 2016						December 31, 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	$	2,252	$	10	1.76	%	$	2,777	$	12	1.70	%	$	2,794	$	12	1.67	%
U.S. government-sponsored entities (GSE)	4,199		21		2.06		5,065		27		2.11		5,165		27		2.12
Mortgage-backed securities issued by GSE	38,911		203		2.09		33,774		167		1.98		32,442		156		1.94
States and political subdivisions	2,555		34		5.24		2,266		30		5.37		2,306		32		5.48
Non-agency mortgage-backed	526		31		23.81		636		31		19.81		697		23		12.76
Other	67		1		1.91		62		—		1.57		64		—		1.25
Total securities	48,510		300		2.47		44,580		267		2.40		43,468		250		2.30
Other earning assets	3,215		9		1.22		3,404		25		2.87		3,493		8		0.90
Loans and leases:
Commercial:
Commercial and industrial	51,646		433		3.37		48,013		392		3.29		48,047		387		3.20
CRE-income producing properties	14,786		139		3.79		13,490		127		3.77		13,264		135		4.02
CRE-construction and development	3,669		34		3.74		3,619		34		3.75		3,766		36		3.80
Dealer floor plan	1,305		7		2.04		1,239		6		2.02		1,164		6		1.89
Direct retail lending	12,031		127		4.33		11,107		118		4.23		10,896		108		3.97
Sales finance	9,670		74		3.05		10,049		75		3.01		10,533		76		2.86
Revolving credit	2,477		54		8.73		2,463		54		8.82		2,458		55		8.81
Residential mortgage	30,471		312		4.09		29,864		305		4.10		30,334		316		4.17
Other lending subsidiaries	13,961		292		8.39		13,439		286		8.56		13,281		287		8.57
Acquired from FDIC and PCI	1,130		48		16.91		1,098		59		21.69		1,070		56		20.85
Total loans and leases held for investment	141,146		1,520		4.32		134,381		1,456		4.35		134,813		1,462		4.31
Loans held for sale	1,951		16		3.43		1,247		12		3.77		1,377		13		3.73
Total loans and leases	143,097		1,536		4.31		135,628		1,468		4.35		136,190		1,475		4.31
Total earning assets	194,822		1,845		3.80		183,612		1,760		3.85		183,151		1,733		3.77
Nonearning assets	28,577						26,490						26,066
Total assets	$	223,399					$	210,102					$	209,217
Liabilities and Shareholders' Equity
Interest-bearing deposits:
Interest checking	$	28,376	11		0.15		$	25,604	8		0.13		$	24,157	6		0.09
Money market and savings	63,195		29		0.19		60,424		32		0.21		61,431		32		0.21
Time deposits	18,101		23		0.51		16,884		23		0.55		16,981		24		0.58
Foreign office deposits - interest-bearing	1,865		1		0.38		752		1		0.36		98		—		0.34
Total interest-bearing deposits	111,537		64		0.23		103,664		64		0.25		102,667		62		0.24
Short-term borrowings	2,951		3		0.34		2,771		2		0.36		2,698		1		0.17
Long-term debt	23,272		121		2.10		22,907		126		2.19		24,306		128		2.11
Total interest-bearing liabilities	137,760		188		0.55		129,342		192		0.60		129,671		191		0.59
Noninterest-bearing deposits	48,801						46,203						45,824
Accounts payable and other liabilities	7,228						6,731						6,344
Shareholders' equity	29,610						27,826						27,378
Total liabilities and shareholders' equity	$	223,399					$	210,102					$	209,217
Average interest-rate spread					3.25						3.25						3.18

Net interest income/ net interest margin			$	1,657	3.41	%			$	1,568	3.43	%			$	1,542	3.35	%
Taxable-equivalent adjustment			$	40					$	39					$	38
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
	December 31, 2016						December 31, 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	$	3,061	$	51	1.67	%	$	2,650	$	42	1.58	%
U.S. government-sponsored entities (GSE)	3,601		77		2.13		5,338		113		2.13
Mortgage-backed securities issued by GSE	36,658		750		2.05		30,683		605		1.98
States and political subdivisions	2,361		123		5.20		2,204		125		5.65
Non-agency mortgage-backed	534		78		14.56		751		102		13.51
Other	64		—		1.87		477		7		1.31
Total securities	46,279		1,079		2.33		42,103		994		2.36
Other earning assets	3,202		53		1.64		2,768		38		1.39
Loans and leases:
Commercial:
Commercial and industrial	50,623		1,687		3.33		44,648		1,434		3.21
CRE-income producing properties	14,379		536		3.73		11,806		432		3.66
CRE-construction and development	3,742		139		3.71		3,196		114		3.57
Dealer floor plan	1,295		27		2.08		1,068		20		1.85
Direct retail lending	11,796		503		4.27		9,375		381		4.07
Sales finance	9,914		310		3.12		9,975		286		2.86
Revolving credit	2,521		221		8.77		2,406		211		8.76
Residential mortgage	30,184		1,224		4.05		30,252		1,255		4.15
Other lending subsidiaries	14,277		1,173		8.22		12,291		1,067		8.68
Acquired from FDIC and PCI	1,063		208		19.55		1,083		179		16.57
Total loans and leases held for investment	139,794		6,028		4.31		126,100		5,379		4.27
Loans held for sale	1,965		66		3.34		1,702		62		3.63
Total loans and leases	141,759		6,094		4.30		127,802		5,441		4.26
Total earning assets	191,240		7,226		3.78		172,673		6,473		3.75
Nonearning assets	27,705						24,674
Total assets	$	218,945					$	197,347
Liabilities and Shareholders' Equity
Interest-bearing deposits:
Interest checking	$	27,595	39		0.14		$	22,092	18		0.08
Money market and savings	62,966		123		0.20		56,592		107		0.19
Time deposits	16,619		85		0.51		16,405		107		0.66
Foreign office deposits - interest-bearing	1,034		4		0.38		593		1		0.12
Total interest-bearing deposits	108,214		251		0.23		95,682		233		0.24
Short-term borrowings	2,554		9		0.35		3,221		5		0.15
Long-term debt	22,791		485		2.13		23,343		497		2.13
Total interest-bearing liabilities	133,559		745		0.56		122,246		735		0.60
Noninterest-bearing deposits	49,255						42,816
Accounts payable and other liabilities	6,776						6,414
Shareholders' equity	29,355						25,871
Total liabilities and shareholders' equity	$	218,945					$	197,347
Average interest-rate spread					3.22						3.15

Net interest income/ net interest margin			$	6,481	3.39	%			$	5,738	3.32	%
Taxable-equivalent adjustment			$	160					$	146
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
	Dec. 31		Sept. 30		June 30		March 31		Dec. 31
	2016		2016		2016		2016		2015
Nonperforming Assets (1)
Nonaccrual loans and leases:
Commercial:
Commercial and industrial	$	363	$	413	$	452	$	442	$	237
CRE-income producing properties	40		38		36		48		38
CRE-construction and development	17		12		14		11		13
Dealer floor plan	—		—		—		—		—
Direct retail lending	63		55		52		51		43
Sales finance	6		6		5		7		7
Residential mortgage-nonguaranteed	172		167		171		163		173
Residential mortgage-government guaranteed	—		—		1		—		—
Other lending subsidiaries	75		66		62		64		65
Total nonaccrual loans and leases held for investment (1)(2)	736		757		793		786		576
Foreclosed real estate	37		41		53		66		82
Foreclosed real estate-acquired from FDIC and PCI	13		17		17		23		26
Other foreclosed property	27		28		23		28		28
Total nonperforming assets (1)(2)	$	813	$	843	$	886	$	903	$	712
Performing Troubled Debt Restructurings (TDRs) (3)
Commercial:
Commercial and industrial	$	55	$	46	$	39	$	52	$	49
CRE-income producing properties	16		14		16		18		13
CRE-construction and development	9		8		10		13		16
Direct retail lending	67		69		69		70		72
Sales finance	16		16		16		17		17
Revolving credit	29		30		31		32		33
Residential mortgage-nonguaranteed	332		287		276		281		288
Residential mortgage-government guaranteed (4)	420		393		348		317		316
Other lending subsidiaries	226		209		198		181		178
Total performing TDRs (3)(4)	$	1,170	$	1,072	$	1,003	$	981	$	982
Loans 90 Days or More Past Due and Still Accruing
Direct retail lending	$	6	$	7	$	5	$	6	$	7
Sales finance	6		4		4		4		5
Revolving credit	12		9		8		10		10
Residential mortgage-nonguaranteed	79		66		56		55		55
Residential mortgage-government guaranteed (5)	443		414		415		434		486
Acquired from FDIC and PCI	90		92		122		100		114
Total loans 90 days past due and still accruing (5)	$	636	$	592	$	610	$	609	$	677
Loans 30-89 Days Past Due
Commercial:
Commercial and industrial	$	27	$	34	$	20	$	27	$	36
CRE-income producing properties	6		3		8		7		13
CRE-construction and development	2		2		2		6		9
Direct retail lending	60		62		53		48		58
Sales finance	76		60		61		53		72
Revolving credit	23		20		19		18		22
Residential mortgage-nonguaranteed	393		354		361		350		397
Residential mortgage-government guaranteed (6)	132		112		81		66		78
Other lending subsidiaries	322		288		261		207		304
Acquired from FDIC and PCI	36		45		48		43		42
Total loans 30-89 days past due (6)	$	1,077	$	980	$	914	$	825	$	1,031
Excludes loans held for sale.
(1) Loans acquired from the FDIC and PCI are accounted for using the accretion method.
(2) During the fourth quarter of 2016, approximately $119 million of nonaccrual commercial and industrial loans were sold. During the third quarter of 2016, approximately $25 million of nonaccrual commercial and industrial loans were transferred to held for sale. 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 $183 million, $134 million, $146 million, $172 million and $146 million at December 31, 2016, September 30, 2016, June 30, 2016, March 31, 2016 and December 31, 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) During the second quarter of 2016, BB&T began repurchasing certain delinquent government guaranteed GNMA mortgage loans, including certain loans that were considered troubled debt restructurings.
(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 $48 million, $46 million, $49 million, $323 million and $365 million at December 31, 2016, September 30, 2016, June 30, 2016, March 31, 2016 and December 31, 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 $3 million, $2 million, $2 million, $2 million and $2 million at December 31, 2016, September 30, 2016, June 30, 2016, March 31, 2016 and December 31, 2015, respectively.

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BB&T Corporation
Credit Quality
(Dollars in millions)
	As of/For the Quarter Ended
	Dec. 31			Sept. 30			June 30			March 31			Dec. 31
	2016			2016			2016			2016			2015
Allowance for Credit Losses
Beginning balance	$	1,621		$	1,603		$	1,580		$	1,550		$	1,551
Provision for credit losses (excluding loans acquired from FDIC and PCI)	133			150			109			182			128
Provision (benefit) for loans acquired from FDIC and PCI	(4		)	(2		)	2			2			1
Charge-offs:
Commercial:
Commercial and industrial	(23		)	(23		)	(26		)	(56		)	(19		)
CRE-income producing properties	(1		)	(5		)	—			(2		)	(3		)
CRE-construction and development	—			(1		)	—			—			(1		)
Dealer floor plan	—			—			—			—			—
Direct retail lending	(16		)	(12		)	(12		)	(13		)	(14		)
Sales finance	(8		)	(7		)	(6		)	(8		)	(10		)
Revolving credit	(16		)	(18		)	(16		)	(19		)	(16		)
Residential mortgage-nonguaranteed	(9		)	(11		)	(8		)	(7		)	(14		)
Residential mortgage-government guaranteed	(1		)	(2		)	(1		)	(1		)	(2		)
Other lending subsidiaries	(102		)	(91		)	(73		)	(92		)	(85		)
Acquired from FDIC and PCI	(15		)	—			—			—			—
Total charge-offs	(191		)	(170		)	(142		)	(198		)	(164		)
Recoveries:
Commercial:
Commercial and industrial	10			6			12			12			8
CRE-income producing properties	1			3			1			3			1
CRE-construction and development	2			3			5			1			2
Dealer floor plan	—			—			—			—			—
Direct retail lending	6			7			6			7			6
Sales finance	3			3			3			3			2
Revolving credit	5			5			5			5			5
Residential mortgage-nonguaranteed	—			1			1			1			1
Residential mortgage-government guaranteed	—			—			—			—			—
Other lending subsidiaries	13			12			12			12			9
Total recoveries	40			40			45			44			34
Net charge-offs	(151		)	(130		)	(97		)	(154		)	(130		)
Other	—			—			9			—			—
Ending balance	$	1,599		$	1,621		$	1,603		$	1,580		$	1,550
Allowance for Credit Losses
Allowance for loan and lease losses (excluding loans acquired from the FDIC and PCI)	$	1,445		$	1,448		$	1,442		$	1,425		$	1,399
Allowance for loans acquired from the FDIC and PCI	44			63			65			63			61
Reserve for unfunded lending commitments	110			110			96			92			90
Total	$	1,599		$	1,621		$	1,603		$	1,580		$	1,550

										As of/For the
										Year Ended
										December 31
										2016			2015
Allowance for credit losses
Beginning balance										$	1,550		$	1,534
Provision for credit losses (excluding loans acquired from FDIC and PCI)										574			430
Provision (benefit) for loans acquired from FDIC and PCI										(2		)	(2		)
Charge-offs:
Commercial:
Commercial and industrial										(128		)	(81		)
CRE-income producing properties										(8		)	(20		)
CRE-construction and development										(1		)	(4		)
Dealer floor plan										—			—
Direct retail lending										(53		)	(54		)
Sales finance										(29		)	(26		)
Revolving credit										(69		)	(70		)
Residential mortgage-nonguaranteed										(35		)	(40		)
Residential mortgage-government guaranteed										(5		)	(6		)
Other lending subsidiaries										(358		)	(286		)
Acquired from FDIC and PCI										(15		)	(1		)
Total charge-offs										(701		)	(588		)
Recoveries:
Commercial:
Commercial and industrial										40			37
CRE-income producing properties										8			7
CRE-construction and development										11			11
Dealer floor plan										—			—
Direct retail lending										26			29
Sales finance										12			9
Revolving credit										20			20
Residential mortgage-nonguaranteed										3			3
Residential mortgage-government guaranteed										—			—
Other lending subsidiaries										49			36
Total recoveries										169			152
Net charge-offs										(532		)	(436		)
Other										9			24
Ending balance										$	1,599		$	1,550

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BB&T Corporation
Credit Quality
	As of/For the Quarter Ended
	Dec. 31		Sept. 30		June 30		March 31		Dec. 31
	2016		2016		2016		2016		2015
Asset Quality Ratios
Loans 30-89 days past due and still accruing as a percentage of loans and leases	0.75	%	0.69	%	0.64	%	0.61	%	0.76	%
Loans 90 days or more past due and still accruing as a percentage of loans and leases	0.44		0.42		0.43		0.45		0.50
Nonperforming loans and leases as a percentage of loans and leases	0.51		0.53		0.56		0.58		0.42
Nonperforming assets as a percentage of:
Total assets	0.37		0.38		0.40		0.42		0.34
Loans and leases plus foreclosed property	0.57		0.59		0.62		0.67		0.52
Net charge-offs as a percentage of average loans and leases	0.42		0.37		0.28		0.46		0.38
Allowance for loan and lease losses as a percentage of loans and leases	1.04		1.06		1.06		1.10		1.07
Ratio of allowance for loan and lease losses to:
Net charge-offs	2.47X		2.91X		3.88X		2.40X		2.83X
Nonperforming loans and leases	2.03X		2.00X		1.90X		1.89X		2.53X
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	0.07	%	0.06	%	0.05	%	0.06	%	0.06	%

							As of/For the
							Year Ended
							Dec. 31
							2016		2015
Asset Quality Ratios
Net charge-offs as a percentage of average loans and leases							0.38	%	0.35	%
Ratio of allowance for loan and lease losses to net charge-offs							2.80 X		3.36 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 were previously 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 December 31, 2016
					Past Due 30-89					Past Due 90+
Troubled Debt Restructurings	Current Status				Days					Days					Total
Performing TDRs: (1)
Commercial:
Commercial and industrial	$	55	100.0	%	$	—		—	%	$	—		—	%	$	55
CRE-income producing properties	16		100.0		—			—		—			—		16
CRE-construction and development	9		100.0		—			—		—			—		9
Direct retail lending	64		95.5		3			4.5		—			—		67
Sales finance	15		93.8		1			6.2		—			—		16
Revolving credit	24		82.8		4			13.8		1			3.4		29
Residential mortgage—nonguaranteed	259		78.0		47			14.2		26			7.8		332
Residential mortgage—government guaranteed	170		40.5		73			17.4		177			42.1		420
Other lending subsidiaries	188		83.2		38			16.8		—			—		226
Total performing TDRs (1)	800		68.4		166			14.2		204			17.4		1,170
Nonperforming TDRs (2)	101		55.2		16			8.7		66			36.1		183
Total TDRs (1)(2)	$	901	66.6	%	$	182		13.4	%	$	270		20.0	%	$	1,353

					Quarter Ended
					Dec. 31			Sept. 30		June 30			March 31		Dec. 31
					2016			2016		2016			2016		2015
Net charge-offs as a percentage of average loans and leases:
Commercial:
Commercial and industrial					0.10		%	0.13	%	0.11		%	0.37	%	0.09		%
CRE-income producing properties					—			0.06		(0.02		)	(0.02	)	0.05
CRE-construction and development					(0.16		)	(0.26	)	(0.48		)	(0.12	)	(0.10		)
Direct retail lending					0.34			0.17		0.17			0.24		0.30
Sales finance					0.20			0.18		0.13			0.21		0.28
Revolving credit					1.80			1.97		1.86			2.19		1.85
Residential mortgage					0.13			0.16		0.11			0.09		0.19
Other lending subsidiaries					2.35			2.15		1.74			2.39		2.30
Acquired from FDIC and PCI					5.83			—		0.04			—		0.11
Total loans and leases					0.42			0.37		0.28			0.46		0.38
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
	Dec. 31			Sept. 30			June 30			March 31			Dec. 31
	2016			2016			2016			2016			2015
Selected Capital Information
Risk-based capital:
Common equity tier 1	$	18,050		$	17,824		$	17,568		$	17,320		$	17,081
Tier 1	21,102			20,876			20,620			20,373			19,682
Total	24,873			24,793			24,525			24,355			23,753
Risk-weighted assets	176,217			176,739			176,021			166,781			166,611
Average quarterly tangible assets	211,392			212,816			214,235			202,200			201,541
Risk-based capital ratios:
Common equity tier 1	10.2		%	10.1		%	10.0		%	10.4		%	10.3		%
Tier 1	12.0			11.8			11.7			12.2			11.8
Total	14.1			14.0			13.9			14.6			14.3
Leverage capital ratio	10.0			9.8			9.6			10.1			9.8
Equity as a percentage of total assets	13.6			13.5			13.4			13.3			13.0
Common equity per common share	$	33.14		$	33.27		$	32.72		$	32.14		$	31.66

Calculations of Tangible Common Equity and Related Measures: (1)
Total shareholders' equity	$	29,926		$	30,091		$	29,743		$	28,239		$	27,340
Less:
Preferred stock	3,053			3,053			3,053			3,054			2,603
Noncontrolling interests	45			39			39			39			34
Intangible assets	10,492			10,519			10,567			9,215			9,234
Tangible common equity	$	16,336		$	16,480		$	16,084		$	15,931		$	15,469

Outstanding shares at end of period (in thousands)	809,475			811,424			814,500			782,379			780,337

Tangible Common Equity Per Common Share	$	20.18		$	20.31		$	19.75		$	20.36		$	19.82
(1) Tangible common equity and related measures 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)
													After-Tax at
Selected Items										Pre-Tax			Marginal Rate
Fourth Quarter 2016
Mortgage reserve adjustments	Loan-related expense									$	31		$	19

Third Quarter 2016
Settlement of FHA-insured loans matters and related recovery	Other expense									73			46
Charitable contribution	Other expense									(50		)	(31		)

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
	Dec. 31			Sept. 30			June 30			March 31			Dec. 31
	2016			2016			2016			2016			2015
Selected Mortgage Banking Information
Income statement impact of mortgage servicing rights valuation:
MSRs fair value increase (decrease)	$	204		$	30		$	(76	)	$	(134	)	$	31
MSRs hedge gains (losses)	(201		)	3			86			143			(24		)
Net	$	3		$	33		$	10		$	9		$	7

Residential mortgage loan originations	$	5,198		$	6,264		$	5,605		$	3,602		$	3,535

Residential mortgage servicing portfolio (1):
Loans serviced for others	90,325			90,157			89,970			90,541			91,132
Bank-owned loans serviced	31,314			32,303			32,647			30,962			31,037
Total servicing portfolio	121,639			122,460			122,617			121,503			122,169

Weighted-average coupon rate	4.03		%	4.06		%	4.09		%	4.11		%	4.12		%
Weighted-average servicing fee	0.281			0.282			0.284			0.285			0.286
Selected Miscellaneous Information
Derivatives notional amount	$	75,251		$	74,548		$	79,068		$	70,658		$	67,525
Fair value of derivatives, net	(181		)	80			180			224			178

Common stock prices:
High	47.85			38.81			37.02			37.03			39.47
Low	37.40			33.72			32.22			29.95			34.24
End of period	47.02			37.72			35.61			33.27			37.81

Banking offices	2,196			2,220			2,249			2,137			2,139
ATMs	3,126			3,183			3,321			3,185			3,181
FTEs	37,480			37,662			37,644			35,748			36,059
(1) Amounts reported are unpaid principal balance.

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BB&T Corporation
Non-GAAP Reconciliations
(Dollars in millions)
	Quarter Ended															Year-to-Date
	Dec. 31			Sept. 30			June 30			March 31			Dec. 31			Dec. 31			Dec. 31
Efficiency Ratio (1)	2016			2016			2016			2016			2015			2016			2015
Efficiency Ratio Numerator - Noninterest Expense - GAAP	$	1,668		$	1,711		$	1,797		$	1,545		$	1,597		$	6,721		$	6,266
Amortization of intangibles	(38		)	(38		)	(42		)	(32		)	(32		)	(150		)	(105		)
Merger-related and restructuring charges, net	(13		)	(43		)	(92		)	(23		)	(50		)	(171		)	(165		)
Gain (loss) on early extinguishment of debt	—			—			—			1			—			1			(172		)
Mortgage reserve adjustments	31			—			—			—			—			31			—
Charitable contribution	—			(50		)	—			—			—			(50		)	—
Settlement of FHA-insured loan matters and related recovery	—			73			—			—			—			73			—
Efficiency Ratio Numerator - Adjusted	$	1,648		$	1,653		$	1,663		$	1,491		$	1,515		$	6,455		$	5,824

Efficiency Ratio Denominator - Revenue (2) - GAAP	$	2,727		$	2,774		$	2,747		$	2,545		$	2,519		$	10,793		$	9,611
Taxable equivalent adjustment	41			40			40			39			38			160			146
Securities (gains) losses, net	(1		)	—			—			(45		)	—			(46		)	3
Loss on sale of American Coastal	—			—			—			—			—			—			26
Efficiency Ratio Denominator - Adjusted	$	2,767		$	2,814		$	2,787		$	2,539		$	2,557		$	10,907		$	9,786

Efficiency Ratio - GAAP	61.1		%	61.7		%	65.4		%	60.7		%	63.4		%	62.3		%	65.2		%
Efficiency Ratio - Adjusted	59.5			58.7			59.6			58.8			59.2			59.2			59.5
(1) BB&T's management uses this measure in their analysis of the Corporation's performance and believes it provides a greater understanding of ongoing operations and enhances comparability of results with prior periods, as well as demonstrating the effects of significant gains and charges.
(2) Revenue is defined as net interest income plus noninterest income.



	Quarter Ended
	Dec. 31			Sept. 30			June 30			March 31			Dec. 31
Return on Average Tangible Common Shareholders' Equity (1)	2016			2016			2016			2016			2015
Net income available to common shareholders	$	592		$	599		$	541		$	527		$	502
Plus: Amortization of intangibles, net of tax	24			24			26			20			21
Tangible net income available to common shareholders	$	616		$	623		$	567		$	547		$	523

Average common shareholders' equity	$	26,962		$	26,824		$	26,519		$	25,076		$	24,736
Less: Average intangible assets	10,508			10,545			10,574			9,226			9,224
Average tangible common shareholders' equity	$	16,454		$	16,279		$	15,945		$	15,850		$	15,512
Return on average tangible common shareholders' equity	14.91		%	15.20		%	14.33		%	13.87		%	13.37		%

										Year-to-Date Dec. 31,
										2016			2015
Net income available to common shareholders										$	2,259		$	1,936
Plus: Amortization of intangibles, net of tax										94			66
Tangible net income available to common shareholders										$	2,353		$	2,002

Average common shareholders' equity										$	26,349		$	23,206
Less: Average intangible assets										10,215			8,194
Average tangible common shareholders' equity										$	16,134		$	15,012
Return on average tangible common shareholders' equity										14.59		%	13.34		%
(1) BB&T's management uses this measure to evaluate the return on average common shareholders' equity without the impact of intangible assets and their related amortization and believes that investors may find the information useful in their analysis of the company.

TRUIST FINANCIAL CORP - FORM 8-K - EX-99.2 - EXHIBIT 99.2 - January 18, 2017

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