Bb&t Corp

Branch Banking& Trust Corp is a publicly traded company having a good stock performance result. Bb&t Corp is a fortune 500 stock listed company trading under BBT.

Big, Bold & Temerarious is an apt description of BB&T, the wildly acquisitive banking company that's spreading across the Southeast like kudzu. The company serves consumers, small to midsized businesses, and government entities through more than 1,400 branches. Its flagship subsidiary, BB&T, is one of North Carolina's oldest banks and a leading originator of residential mortgages in the Southeast. In addition to traditional deposit accounts and loans, the company offers insurance, mutual funds, discount brokerage, wealth management, and financial planning services. Business services include leasing, factoring, and investment banking through Scott & Stringfellow.

The board of directors of BB&T Corporation today declared the 2006 second quarter dividend of 0.38 dollars per share, an 8.6 percent increase over the 0.35 dollars paid in the second quarter of 2005.The 5 year compound growth rate for BB&T’s quarterly dividend payment is 10.6 percent. BB&T has paid a cash dividend to shareholders every year since 1903. The corporation has increased its quarterly cash dividend payments for 34 consecutive years.

BB&T Corporation reported today earnings for the fourth quarter and the full year 2005.  For the fourth quarter, net income totaled 429.6 million dollars, compared with 416.9 million dollars. These results reflect increases of 3.0 percent and 4.0 percent, respectively, compared to the fourth quarter last year.

For the full year 2005, BB&T’s net income was 1.65 billion dollars, an increase of 6.1 percent compared to 1.56 billion dollars earned in 2004.  Diluted earnings per share totaled 3.00 dollars, an increase of 7.1 percent compared to 2.80 dollars in 2004.Average loans and leases totaled 74.3 billion dollars for the fourth quarter of 2005, reflecting an increase of 6.9 billion dollars compared to the fourth quarter of 2004.  This growth was led by average mortgage loans, which increased 18.4 percent, average commercial loans and leases, which increased 9.2 percent and average consumer loans, which increased 7.1 percent compared to the fourth quarter last year.

These increases were primarily driven by growth in revenues from investment banking services and commissions on retail accounts at Scott & Stringfellow.