BB&T 2009 Annual Report Download - page 86

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 Rate2009 2008 2007 2006 2005 2004
Summary of Operations
Interest income $ 6,884 $ 7,207 $ 7,894 $ 6,893 $ 5,506 $ 4,547 8.6%
Interest expense 2,040 2,969 4,014 3,185 1,981 1,199 11.2
Net interest income 4,844 4,238 3,880 3,708 3,525 3,348 7.7
Provision for credit losses 2,811 1,445 448 240 217 249 62.4
Net interest income after provision
credit losses 2,033 2,793 3,432 3,468 3,308 3,099 (8.1)
Noninterest income 3,934 3,197 2,774 2,521 2,326 2,119 13.2
Noninterest expense 4,931 3,911 3,624 3,511 3,163 2,895 11.2
Income before income taxes 1,036 2,079 2,582 2,478 2,471 2,323 (14.9)
Provision for income taxes 159 550 836 945 813 764 (26.9)
Net income 877 1,529 1,746 1,533 1,658 1,559 (10.9)
Noncontrolling interest 24 10 12 5 4 1 88.8
Dividends and accretion on preferred
stock 124 21————NA
Net income available to common
shareholders $ 729 $ 1,498 $ 1,734 $ 1,528 $ 1,654 $ 1,558 (14.1)
Per Common Share
Average shares outstanding:
Basic 629,583 548,847 547,184 539,140 546,916 551,661 2.7
Diluted 635,619 552,498 551,755 543,891 551,380 556,041 2.7
Earnings:
Basic $ 1.16 $ 2.73 $ 3.17 $ 2.84 $ 3.02 $ 2.82 (16.3)
Diluted 1.15 2.71 3.14 2.81 3.00 2.80 (16.3)
Cash dividends declared .92 1.87 1.80 1.64 1.49 1.37 (7.7)
Book value 23.47 23.16 23.14 21.69 20.49 19.76 3.5
Average Balances
Securities, at amortized cost $ 32,296 $ 24,497 $ 23,311 $ 21,348 $ 20,467 $ 18,218 12.1
Loans and leases (1) 102,146 95,195 87,952 79,313 71,517 66,107 9.1
Other assets 20,740 17,189 15,157 13,667 12,628 11,951 11.7
Total assets $155,182 $136,881 $126,420 $114,328 $104,612 $ 96,276 10.0
Deposits $102,381 $ 88,831 $ 83,501 $ 77,230 $ 70,346 $ 64,816 9.6
Long-term debt 19,085 19,839 18,045 14,628 11,959 10,886 11.9
Other liabilities 17,478 14,678 12,659 10,939 11,171 9,911 12.0
Shareholders' equity 16,238 13,533 12,215 11,531 11,136 10,663 8.8
Total liabilities and
shareholders' equity $155,182 $136,881 $126,420 $114,328 $104,612 $ 96,276 10.0
Period-End Balances
Total assets $165,764 $152,015 $132,618 $121,351 $109,170 $100,509 10.5
Loans and leases (1) 106,207 98,669 91,686 83,591 75,023 68,163 9.3
Deposits 114,965 98,613 86,766 80,971 74,282 67,699 11.2
Long-term debt 21,376 18,032 18,693 15,904 13,119 11,420 13.4
Shareholders' equity 16,241 16,081 12,664 11,826 11,201 10,941 8.2
Selected Ratios
Rate of return on:
Average total assets .56% 1.12% 1.38% 1.34% 1.58% 1.62%
Average common equity 4.93 11.44 14.25 13.35 14.95 14.71
Average total equity 5.40 11.30 14.30 13.30 14.89 14.63
Dividend payout 79.31 68.50 56.78 57.75 49.34 48.58
Average equity to average assets 10.46 9.89 9.66 10.09 10.65 11.08
(1) Loans and leases are net of unearned income and include loans held for sale.
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