BB&T 2009 Annual Report Download - page 79

approximately 358,000 at December 31, 2008. The accompanying table, “Quarterly Summary of Market Prices and
Dividends Paid on Common Stock,” sets forth the quarterly high and low trading prices and closing sales prices
for BB&T’s common stock and the dividends paid per share of common stock for each of the last eight quarters.
Table 29
Quarterly Summary of Market Prices and Cash Dividends Declared on Common Stock
2009 2008
Sales Prices Cash
Dividends
Declared
Sales Prices Cash
Dividends
DeclaredHigh Low Last High Low Last
Quarter Ended:
March 31 $27.72 $12.90 $16.92 $.47 $36.96 $25.92 $32.06 $ .46
June 30 28.67 16.27 21.98 .15 37.85 21.40 22.77 .47
September 30 29.81 19.83 27.24 .15 45.31 18.71 37.80 .47
December 31 28.66 23.75 25.37 .15 40.00 21.47 27.46 .47
Year $29.81 $12.90 $25.37 $.92 $45.31 $18.71 $27.46 $1.87
Share Repurchases
BB&T has periodically repurchased shares of its own common stock. In accordance with North Carolina law,
repurchased shares cannot be held as treasury stock, but revert to the status of authorized and unissued shares
upon repurchase.
On June 27, 2006, BB&T’s Board of Directors granted authority under a plan (the “2006 Plan”) for the
repurchase of up to 50 million shares of BB&T’s common stock as needed for general corporate purposes. The
2006 Plan also authorizes the repurchase of the remaining shares from the previous authorization. The 2006 Plan
remains in effect until all the authorized shares are repurchased unless modified by the Board of Directors. No
shares were repurchased in connection with the 2006 Plan during 2009 and 2008. During the year ended
December 31, 2007, BB&T repurchased 7 million shares of common stock.
Table 30
Share Repurchase Activity
2009
Total Shares
Repurchased (1)
Average
Price Paid
Per Share (2)
Total Shares Purchased
Pursuant to
Publicly-Announced Plan
Maximum Remaining
Number of Shares
Available for
Repurchase Pursuant to
Publicly-Announced Plan
(Shares in Thousands)
October 1-31 9 $27.29 — 44,139
November 1-30 4 25.40 — 44,139
December 1-31 — — — 44,139
Total 13 $26.67 — 44,139
(1) Repurchases reflect shares exchanged or surrendered in connection with the exercise of equity-based awards
under BB&T's equity-based compensation plans.
(2) Excludes commissions.
Segment Results
BB&T’s operations are divided into seven reportable business segments: the Banking Network, Residential
Mortgage Banking, Sales Finance, Specialized Lending, Insurance Services, Financial Services and Treasury.
These operating segments have been identified based primarily on BB&T’s organizational structure. See Note 21
“Operating Segments” in the “Notes to Consolidated Financial Statements” herein, for additional disclosures
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