BB&T Corp

BBT- P/E Ratio:13.7- Price:54.24- Market Cap.:$42.2b

Sector
Financial
Industry Category
Banking
Industry Group
Regional - Southeast Banks
Employees
37,000
Website
www.bbt.com
Competitors
  1. Regions Financial Corp.
  2. First Horizon National Corp.
  3. Pinnacle Financial Partners Inc.
  4. F.N.B. Corp.
  5. Iberiabank Corp

BB&T Corp. operates as a holding company for Branch Banking & Trust Co.

It conducts its business operations primarily through its commercial bank subsidiary, Branch Bank, and other non-bank subsidiaries. The company operates through the following segments: Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Services and Financial Services. The Community Banking segment serves individual and business clients by offering a variety of loan and deposit products and other financial services. It is also responsible for serving client relationships. The Residential Mortgage Banking segment retains and services mortgage loans originated by the banking network as well as those purchased from various correspondent originators. Its Mortgage loan products include fixed and adjustable rate government and conventional loans for the purpose of constructing, purchasing or refinancing residential properties. The Dealer Financial Services segment originates loans to consumers for the purchase of automobiles, boats and recreational vehicles. The Specialized Lending segment include commercial finance, which manages asset-based working capital financing, supply chain financing, export-import finance, accounts receivable management, credit enhancement and mortgage warehouse lending; and governmental finance, which provides tax-exempt financing to meet the capital project needs of local governments. The Insurance Services segment provides property andcasualty, employee benefits and life insurance to businesses and individuals, surety coverage and title insurance to small businesses. The Financial Services segment provides personal trust administration, estate planning, investment counseling, wealth management, asset management, employee benefits services, corporate banking and corporate trust services to individuals, corporations, institutions, foundations and government entities. It also offers clients investment alternatives, including discount brokerage services, equities, fixed-rate and variable-rate annuities, mutual funds and governmental and municipal bonds. The company was founded by Alpheus Branch in 1872 and is headquartered in Winston-Salem, NC.


Latest News

19-year SunTrust veteran joining Atlanta payments firm EVO

A 19-year veteran of SunTrust Banks Inc. is leaving to join Atlanta's EVO Payments Inc. EVO (Nasdaq: EVOP) reported it has named Tom Panther as its executive vice president and chief financial officer, effective Nov. 18. At SunTrust, Panther served as chief a…

Bizjournals.com - 11/13/2019, 12:42:44 PM
BB&T-SunTrust merger advances, with SunTrust set to divest 30 branches

Winston-Salem-based BB&T Corp. and Atlanta-based SunTrust Banks Inc. have gotten one big federal go-ahead to merge into Truist Bank — provided that they divest 30 SunTrust branches, including several in North Carolina.

Bizjournals.com - 11/8/2019, 5:58:38 PM
BB&T-SunTrust merger advances, with SunTrust set to divest 30 branches

Winston-Salem-based BB&T Corp. and Atlanta-based SunTrust Banks Inc. have gotten one big federal go-ahead to merge into Truist Bank — provided that they divest 30 SunTrust branches, including several in North Carolina.

Bizjournals.com - 11/8/2019, 5:58:38 PM
SunTrust selling 30 branches as part of Truist merger, none in Atlanta

SunTrust Banks Inc. said Friday it will sell 30 branches as part of its upcoming merger with BB&T Corp. to form Truist. The branches will be sold to Memphis, Tenn.-based First Horizon National Corp. (NYSE: FHN) to satisfy federal regulations. “This announceme…

Bizjournals.com - 11/8/2019, 5:41:52 PM
First Horizon to acquire 30 SunTrust/BB&T branches

Just days after announcing its merger with IberiaBank, First Horizon has agreed to acquire 30 SunTrust branches. Memphis-based First Horizon National Corp. announced Friday, Nov. 8, that it entered into a deal with SunTrust Banks Inc. and BB&T Corp. to acquir…

Bizjournals.com - 11/8/2019, 5:13:30 PM
BB&T, SunTrust win U.S. antitrust approval to merge

BB&T Corp and SunTrust Banks Inc have won U.S. antitrust approval to merge on condition that they divest 28 branches in three states, the Justice Department said on Friday.

Reuters - 11/8/2019, 4:56:52 PM
UPDATE 1-BB&T, SunTrust win U.S. antitrust approval to merge

BB&T Corp and SunTrust Banks Inc have won U.S. antitrust approval to merge on condition that they divest 28 branches in three states, the Justice Department said on Friday.

Reuters - 11/8/2019, 4:54:26 PM
BB&T, SunTrust win U.S. antitrust approval to merge - Nasdaq

BB&T Corp and SunTrust Banks Inc have won U.S. antitrust approval to merge on condition that they divest 28 branches in three states, the Justice Department said on Friday.

Nasdaq.com - 11/8/2019, 4:54:00 PM
BB&T, SunTrust win U.S. antitrust approval to merge

BB&T Corp and SunTrust Banks Inc have won U.S. antitrust approval to merge on condition that they divest 28 branches in three states, the Justice Department said on Friday.

Reuters - 11/8/2019, 4:02:03 PM
Truliant pushes BB&T, SunTrust for answer in Truist lawsuit

Truliant Federal Credit Union pushed publicly for BB&T Corp. (NYSE: BBT) and SunTrust Bank (NYSE: STI) to answer its trademark infringement lawsuit filed in July. Truliant filed suit in U.S. District Court alleging that Truist, the name chosen by BB&T and Sun…

Bizjournals.com - 11/7/2019, 1:15:51 PM
Truliant pushes BB&T, SunTrust for answer in Truist lawsuit

Truliant Federal Credit Union pushed publicly for BB&T Corp. (NYSE: BBT) and SunTrust Bank (NYSE: STI) to answer its trademark infringement lawsuit filed in July. Truliant filed suit in U.S. District Court alleging that Truist, the name chosen by BB&T and Sun…

Bizjournals.com - 11/7/2019, 1:15:51 PM
Truliant pushes BB&T, SunTrust for answer in lawsuit over Truist name

Truliant Federal Credit Union pushed publicly for BB&T Corp. (NYSE: BBT) and SunTrust Bank (NYSE: STI) to answer its trademark infringement lawsuit filed in July. Truliant filed suit in U.S. District Court alleging that Truist, the name chosen by BB&T and Sun…

Bizjournals.com - 11/7/2019, 12:00:00 PM
As BB&T, SunTrust merge into Truist, cost cuts will likely trim branch network

BB&T Corp. and SunTrust Inc. will soon merge to form Truist Financial Corp., with the combined company keeping its headquarters in Charlotte. Industry observers weigh in on what's likely to come next.

Bizjournals.com - 10/24/2019, 1:41:45 PM
As BB&T, SunTrust merge into Truist, cost cuts will likely trim branch network

BB&T Corp. and SunTrust Inc. will soon merge to form Truist Financial Corp., with the combined company keeping its headquarters in Charlotte. Industry observers weigh in on what's likely to come next.

Bizjournals.com - 10/23/2019, 4:45:42 PM
As BB&T, SunTrust merge into Truist, cost cuts will likely trim branch network

BB&T Corp. and SunTrust Inc. will soon merge to form Truist Financial Corp., with the combined company keeping its headquarters in Charlotte. Industry observers weigh in on what's likely to come next.

Bizjournals.com - 10/21/2019, 11:56:58 AM
As BB&T, SunTrust merge into Truist, cost cuts will likely trim branch network

BB&T Corp. and SunTrust Inc. will soon merge to form Truist Financial Corp., with the combined company keeping its headquarters in Charlotte. Industry observers weigh in on what's likely to come next.

Bizjournals.com - 10/21/2019, 10:45:00 AM
As BB&T, SunTrust merge into Truist, cost cuts will likely trim branch network

BB&T Corp. and SunTrust Inc. will soon merge to form Truist Financial Corp., with the combined company keeping its headquarters in Charlotte. Industry observers weigh in on what's likely to come next.

Bizjournals.com - 10/21/2019, 10:45:00 AM
CBJ Morning Buzz: Why closing for BB&T-SunTrust merger could be delayed; Latest attempt to relieve Charlotte traffic congestion; Buffett's Berkshire wants a bigger piece of BofA

Could the merger bringing Charlotte's next bank headquarters be delayed into next year? It's a possibility conceded by BB&T Corp. CEO Kelly King in discussing his company's pending merger with SunTrust Banks Inc. on an earnings call yesterday, according to Am…

Bizjournals.com - 10/18/2019, 1:21:25 PM
BB&T and SunTrust: Momentum building for $66B merger to create Truist

BB&T Corp. (NYSE: BBT) and SunTrust Banks Inc. (NYSE: STI) reported Thursday they are making good progress on their merger to create Truist, which will be headquartered in Charlotte. The banks say they have named approximately 75 percent of the leadership rol…

Bizjournals.com - 10/17/2019, 6:29:18 PM
BB&T and SunTrust: Momentum building for merger to create Truist

BB&T Corp. (NYSE: BBT) and SunTrust Banks Inc. (NYSE: STI) reported Thursday they are making good progress on their merger to create Truist, which will be headquartered in Charlotte. The banks say they have named approximately 75% of the leadership roles for …

Bizjournals.com - 10/17/2019, 5:26:24 PM