BB&T 2008 Annual Report Download - page 80
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SIX YEAR FINANCIAL SUMMARY AND SELECTED RATIOS
(Dollars in millions, except per share data, shares in thousands)
As of / For the Years Ended December 31, Five Year
Compound
Growth Rate2008 2007 2006 2005 2004 2003
Summary of Operations
Interest income $ 7,207 $ 7,894 $ 6,893 $ 5,506 $ 4,547 $ 4,355 10.6%
Interest expense 2,969 4,014 3,185 1,981 1,199 1,273 18.5
Net interest income 4,238 3,880 3,708 3,525 3,348 3,082 6.6
Provision for credit losses 1,445 448 240 217 249 248 42.3
Net interest income after provision
credit losses 2,793 3,432 3,468 3,308 3,099 2,834 (0.3)
Noninterest income 3,197 2,774 2,521 2,326 2,119 1,828 11.8
Noninterest expense 3,921 3,636 3,516 3,167 2,896 3,045 5.2
Income before income taxes 2,069 2,570 2,473 2,467 2,322 1,617 5.1
Provision for income taxes 550 836 945 813 764 552 (0.1)
Net income $ 1,519 $ 1,734 $ 1,528 $ 1,654 $ 1,558 $ 1,065 7.4
Net income available to common
shareholders $ 1,498 $ 1,734 $ 1,528 $ 1,654 $ 1,558 $ 1,065 7.1
Per Common Share
Average shares outstanding:
Basic 548,847 547,184 539,140 546,916 551,661 509,851 1.5
Diluted 552,498 551,755 543,891 551,380 556,041 514,082 1.5
Earnings:
Basic $ 2.73 $ 3.17 $ 2.84 $ 3.02 $ 2.82 $ 2.09 5.5
Diluted 2.71 3.14 2.81 3.00 2.80 2.07 5.5
Cash dividends paid 1.86 1.76 1.60 1.46 1.34 1.22 8.8
Book value 23.16 23.14 21.69 20.49 19.76 18.33 4.8
Average Balances
Securities, at amortized cost $ 24,497 $ 23,311 $ 21,348 $ 20,467 $ 18,218 $ 17,058 7.5
Loans and leases (1) 95,195 87,952 79,313 71,517 66,107 57,857 10.5
Other assets 17,189 15,157 13,667 12,628 11,951 10,413 10.5
Total assets $136,881 $126,420 $114,328 $104,612 $ 96,276 $ 85,328 9.9
Deposits $ 88,831 $ 83,501 $ 77,230 $ 70,346 $ 64,816 $ 56,948 9.3
Long-term debt 19,839 18,045 14,628 11,959 10,886 11,710 11.1
Other liabilities 14,716 12,708 11,018 11,242 9,977 7,775 13.6
Shareholders’ equity 13,495 12,166 11,452 11,065 10,597 8,895 8.7
Total liabilities and shareholders’
equity $136,881 $126,420 $114,328 $104,612 $ 96,276 $ 85,328 9.9
Period-End Balances
Total assets $152,015 $132,618 $121,351 $109,170 $100,509 $ 90,467 10.9
Loans and leases (1) 98,669 91,686 83,591 75,023 68,163 62,305 9.6
Deposits 98,613 86,766 80,971 74,282 67,699 59,350 10.7
Long-term debt 18,032 18,693 15,904 13,119 11,420 10,808 10.8
Shareholders’ equity 16,037 12,632 11,745 11,129 10,875 9,935 10.1
Selected Ratios
Rate of return on:
Average total assets 1.11% 1.37% 1.34% 1.58% 1.62% 1.25%
Average common equity 11.44 14.25 13.35 14.95 14.71 11.97
Average total equity 11.25 14.25 13.35 14.95 14.71 11.97
Dividend payout 68.13 55.52 56.34 48.34 47.52 58.37
Average equity to average assets 9.86 9.62 10.02 10.58 11.01 10.42
(1) Loans and leases are net of unearned income and include loans held for sale.
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