BB&T reports record earnings of $599 million; 22% increase over third quarter of 2015 - Seite 2

Average loans and leases held for investment were $141.3 billion compared to $141.1 billion for the second quarter of 2016

• Average other lending subsidiaries loans increased $781 million, or 22.3% annualized
• Average CRE-construction and development loans increased $133 million, or 14.4% annualized
• Average sales finance loans declined $331 million, or 13.6% annualized
  
  

Average deposits were $159.5 billion compared to $160.3 billion for the prior quarter

• Average noninterest-bearing deposits increased $1.8 billion, or 14.3% annualized
• Average interest-bearing deposit costs were 0.23%, flat compared to the prior quarter
• Deposit mix remained strong, with average noninterest-bearing deposits representing 31.7% of total deposits, compared to 30.4% in the prior quarter
  
  

Asset quality remained strong

• Loans 90 days or more past due and still accruing were 0.42% of loans held for investment, compared to 0.43% in the prior quarter
• Loans 30-89 days past due and still accruing were 0.69% of loans held for investment, compared to 0.64% in the prior quarter
• The allowance for loan and lease losses was 1.06% of loans held for investment, flat compared to the prior quarter, which includes the impact of a shared national credit review
• Nonperforming assets decreased $43 million, driven by reductions in commercial and industrial nonperforming loans
• The allowance for loan loss coverage ratio was 2.00 times nonperforming loans held for investment, versus 1.90 times in the prior quarter
  
  

Capital levels remained strong across the board

• Common equity tier 1 to risk-weighted assets was 10.1%, or 9.9% on a fully phased-in basis
• Tier 1 risk-based capital was 11.8%
• Total capital was 14.0%
• Leverage capital was 9.8%

Earnings presentation and Quarterly Performance Summary

To listen to BB&T's live third quarter 2016 earnings conference call at 8 a.m. (ET) today, please call 1-888-632-5009 and enter the participant code 5184622. A presentation will be used during the earnings conference call and is available on our website at https://bbt.investorroom.com/webcasts-and-presentations. Replays of the conference call will be available for 30 days by dialing 888-203-1112 (access code 4313363).