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BB&T's Bible presents at Deutsche conference

  • "We are an acquisitive company," says BB&T (BBT) CFO Daryl Bible, presenting at the Deutsche conference, but CEO Kelly King and the management team are "very shareholder friendly," and won't do a deal just for the sake of getting one done.
  • Presentation slides
  • Looking at net interest margin - which declined four basis points in Q1 - management expects another 10 bps of decline in Q2, but then stabilization following that.
  • The efficiency ratio of 59.3% in Q1 is continued to be expected to slide to about 56% in Q4.
  • Touting safety, Bible notes BB&T has mostly stayed out of the riskier leveraged loan business (pg. 5) and the bank finished highest among peers in the CCAR results when measuring for sensitivity to stress in in its capital ratios.
Comments (1)
  • trader3413
    , contributor
    Comments (2) | Send Message
    Insurance component adds stability to income for BBT.
    30 May, 03:50 PM Reply Like
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