BB&T Beats Estimates, Revs Upped
BB&T Corp.’s (NYSE:BBT) first-quarter 2012 earnings of 61 cents per share beat the Zacks Consensus Estimate by 4 cents. In addition, the reported earnings significantly outpaced the prior-year quarter’s earnings of 32 cents. Better-than-expected quarterly results benefited from higher revenue and lower provision for covered loans. The quarter also witnessed improved credit quality and enhanced [...]
BB&T Corp.’s (NYSE:BBT) first-quarter 2012 earnings of 61 cents per share beat the Zacks Consensus Estimate by 4 cents. In addition, the reported earnings significantly outpaced the prior-year quarter’s earnings of 32 cents.
Better-than-expected quarterly results benefited from higher revenue and lower provision for covered loans. The quarter also witnessed improved credit quality and enhanced capital and profitability ratios. Moreover, accelerating growth in loans and low-cost deposits … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards