Seeking Alpha

Slim margins, slow mortgages, far better credit all part of BB&T results

Net interest income of $1.4B falls from $1.45B in Q3 and $1.5B a year ago. Net interest margin of 3.56% is off 12 bps from Q3 and 28 bps from a year ago.

Noninterest income of $985M slips from $1.02B a year ago, with mortgage banking income off $131M. Credit loss provisions fell $185M, or 72.3% from a year ago. Net charge offs fell $154M. The reserve release of $70M compared to $39M a year ago.

Noninterest expenses of $1.5B fell 2.2% Y/Y thanks to a big drop in foreclosed property expenses.

Q4 results, press release

BBT shares flat premarket.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs