Post-Earnings Review - BB&T

LONDON, February 4, 2015 /PRNewswire/ --

Investor-Edge.com has issued free post-earnings review on BB&T Corp. (NYSE: BBT). On January 22, 2015, the company reported its financial results for Q4 FY14 and full year FY14 (period ended December 31, 2014). Click on http://get.Investor-Edge.com/pdf/?c=BB%26T&d=04-Feb-2015&s=BBT to read our free earnings review on BB&T Corporation (BB&T). During Q4 FY14, the company's net income available to common shareholders increased 3.7% Y-o-Y, and FY14 diluted EPS improved 25% Y-o-Y. Chairman and CEO, Kelly S. King, stated the management is pleased to report record net income during Q4 FY14 and full year 2014. He informed that these results were driven by very good expense control and strong performances from the Company's mortgage banking, insurance and investment banking and brokerage businesses, which drove noninterest income to exceed $1 billion for the quarter. Our free coverage report can be accessed at:

http://get.Investor-Edge.com/pdf/?c=BB%26T&d=04-Feb-2015&s=BBT

Earnings Overview 

During Q4 FY14, BB&T reported total revenue of $2.38 billion which was flat as compared to total revenues in Q4 FY13. The company's total revenues during Q4 FY14 outperformed Bloomberg analysts' forecast of $2.32 billion. BB&T's Q4 FY14 taxable equivalent net interest income stood at $1.37 billion compared to $1.40 billion in Q4 FY13. Further, the company's Q4 FY14 noninterest income was $1.00 billion compared with $0.99 billion in Q4 FY13. Also, BB&T's noninterest expense fell by 3.1% in Q4 FY14 to $1.41 billion from $1.46 billion in Q4 FY13. Free research on BBT can be downloaded in PDF format at:

http://get.Investor-Edge.com/pdf/?c=BB%26T&d=04-Feb-2015&s=BBT

In the reported quarter, BB&T's average total loans and leases held for investment increased 3.1% to $118.30 billion from $114.80 billion in Q4 FY13. BB&T's average total deposits also improved 3.5% Y-o-Y to $130.32 billion in Q4 FY14. In Q4 FY14, the company provided return on average assets of 1.30%, while return on average risk-weighted assets stood at 1.70%. Additionally, return on average common shareholders' equity for Q4 FY14 was 10.08%.

BB&T's taxable equivalent net interest margin decreased to 3.36% in Q4 FY14 from 3.56% in Q4 FY13. Meanwhile, BB&T's net income available to common shareholders improved to $557 million, or $0.76 per diluted common share, in Q4 FY14 from $537 million, or $0.75 per diluted common share, in Q4 FY13. Analysts from Bloomberg had expected net income available to common shareholders of $530 million, or $0.73 per diluted common share, in Q4 FY14. During Q4 FY14, B&T declared total common dividends of $0.24, resulting in a dividend payout ratio of 31.2%. Sign up and read the free analyst's notes on BBT at:

http://get.Investor-Edge.com/pdf/?c=BB%26T&d=04-Feb-2015&s=BBT

In FY14, BB&T reported record results with net income available to common shareholders of $2.0 billion, or $2.75 per diluted common share, outperforming Bloomberg analysts' estimate of $1.9 billion, or $2.71 per diluted common share.

BB&T's total nonperforming assets as of December 31, 2014 decreased to $782 million from $1,174 million as of December 31, 2013. Moreover, the company's estimated common equity Tier 1 ratio under Basel III, on a fully-phased in basis, was approximately 10.3% as of December 31, 2014. Additionally, BB&T reported liquidity coverage ratio of approximately 130% as of December 31, 2014, compared to the minimum regulatory requirement of 90%.

Mr. King informed that during Q4 FY14, the company sold approximately $140 million of residential mortgage loans, most of which were nonperforming, at an after-tax gain of $24 million. The overall credit quality is at its best level in seven years, he added. He also stated that in November 2014, BB&T had announced an agreement to acquire Susquehanna Bancshares which according to him is an exciting opportunity and an attractive extension of BB&T's mid-Atlantic footprint into growing and diverse markets. The acquisition will add 245 retail branches with approximately $13.6 billion in deposits and $18.6 billion in assets, he concluded. Visit Investor-Edge and access the latest research on BBT at:

http://get.Investor-Edge.com/pdf/?c=BB%26T&d=04-Feb-2015&s=BBT

Stock Performance 

On the day of the earnings release, January 22, 2015, BB&T's stock surged 3.56% to end the session at $36.91. Since then, the stock has moved both ways with losses outperforming gains. On the last close, Tuesday, February 03, 2015, the company's shares finished 1.45% higher at $36.48, after vacillating between $36.11 and $36.61. A total of 5.29 million shares were traded which was above its three months average volume of 3.83 million shares. Over the previous three trading sessions, the company's shares have gained 2.27%. However, the stock has lost 5.61% over the last one month and 3.72% in the past three months. Shares in BB&T are trading below their 50-day and 200-day moving averages of $37.44 and $37.65, respectively. Furthermore, the stock traded at a PE ratio of 12.92 and has a Relative Strength Index (RSI) of 44.25.

Sneak Peek to Corporate Insider Trading 

In the last one month, BB&T has not reported any share transactions by insiders to the U.S. Securities and Exchange Commission (SEC). Complimentary in-depth research on BBT is available at:

http://get.Investor-Edge.com/pdf/?c=BB%26T&d=04-Feb-2015&s=BBT

About Investor-Edge.com 

At Investor-Edge, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Investor-Edge comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.

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