Earnings Preview: BB&T Corp.

| About: BB&T Corporation (BBT)

BB&T Corp. (NYSE:BBT) is expected to report Q4 earnings before market open Thursday, January 22 with a conference call scheduled for 11:00 am ET.


Analysts are looking for EPS of 47c on revenue of $1.88B. The consensus range for EPS is 6c to 58c, while the consensus range for revenue is $1.81B to $1.90B, according to First Call. Two regional banks have already reported much weaker than expected results. Regions Financial (NYSE:RF) reported Q4 EPS of (35c), versus consensus (8c), and Marshall & Ilsley (NYSE:MI) reported disappointing results and more than tripled its loan loss reserves.

Analyst Views

Meanwhile, Sandler O' Neill downgraded BB&T to Sell from Hold earlier this month. Goldman Sachs dropped BB&T to Sell from Neutral, citing the company's real estate exposure in Florida and Georgia. The firm, which added BB&T to its Conviction Sell list, believes that the problems in BB&T's Florida and Georgia portfolio's are accelerating and underestimated.

On a positive note, BB&T raised its quarterly dividend to 47c from 46c. The bank's stock closed yesterday at $18.52, just above its 52-week low of $18.43. Kelly King, who was named CEO of BB&T on January 2 after spending 36 years at the company, will be on the conference call.