BB&T’s (BBT) Q1 Earnings & Revenues Beat Expectations

Have you been eager to see how  (BBT – Free Report) performed in Q1 in comparison with the market expectations? Let's quickly scan through the key facts from this North Carolina-based diversified financial holding company's earnings release this morning:

An Earnings Beat

Rise in revenues was partly offset by higher expenses.

How Was the Estimate Revision Trend?

Overall, on an average the company posted positive earnings surprise of 1.3% in the trailing four quarters.

Revenues Beat Expectation

Key Statistics to Note:

  • After considering merger-related and restructuring charges, net income was $745 million or 94 cents per share
  • Net interest margin was 3.44%
  • Adjusted Efficiency ratio of 57.3%
  • Average and leases held for investment were $142.9 billion
  • Average deposits were $157.1 billion
  • Common equity Tier 1 ratio was 10.2% as of Mar 31, 2018
  • What Zacks Rank Says

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