BB&T 2011 Annual Report Download - page 30

ITEM 6. SELECTED FINANCIAL DATA (1)
(Dollars in millions, except per share data, shares in thousands)
Five Year
Compound
Growth Rate
As of/ For the Years Ended December 31,
2011 2010 2009 2008 2007 2006
Summary of Operations:
Interest income $ 6,885 $ 7,115 $ 6,884 $ 7,207 $ 7,894 $ 6,893 —%
Interest expense 1,378 1,795 2,040 2,969 4,014 3,185 (15.4)
Net interest income 5,507 5,320 4,844 4,238 3,880 3,708 8.2
Provision for credit losses 1,190 2,638 2,811 1,445 448 240 37.7
Net interest income after
provision for credit losses 4,317 2,682 2,033 2,793 3,432 3,468 4.5
Noninterest income 3,113 3,957 3,934 3,197 2,774 2,521 4.3
Noninterest expense 5,802 5,670 4,931 3,911 3,624 3,511 10.6
Income before income taxes 1,628 969 1,036 2,079 2,582 2,478 (8.1)
Provision for income taxes 296 115 159 550 836 945 (20.7)
Net income 1,332 854 877 1,529 1,746 1,533 (2.8)
Noncontrolling interest 43 38 24 10 12 5 53.8
Dividends and accretion on
preferred stock — — 124 21 — — NM
Net income available to
common shareholders $ 1,289 $ 816 $ 729 $ 1,498 $ 1,734 $ 1,528 (3.3)
Per Common Share:
Average shares outstanding:
Basic 696,532 692,489 629,583 548,847 547,184 539,140 5.3
Diluted 705,168 701,039 635,619 552,498 551,755 543,891 5.3
Earnings:
Basic $ 1.85 $ 1.18 $ 1.16 $ 2.73 $ 3.17 $ 2.84 (8.2)
Diluted 1.83 1.16 1.15 2.71 3.14 2.81 (8.2)
Cash dividends declared (2) 0.65 0.60 0.92 1.87 1.80 1.64 (16.9)
Book value 24.98 23.67 23.47 23.16 23.14 21.69 2.9
Average Balances:
Securities, at amortized cost $ 29,923 $ 27,610 $ 31,226 $ 23,402 $ 21,731 $ 20,110 8.3
Loans and leases (3) 105,962 104,787 102,146 95,195 87,952 79,313 6.0
Other assets 27,081 27,261 21,810 18,284 16,737 14,905 12.7
Total assets $ 162,966 $ 159,658 $ 155,182 $ 136,881 $ 126,420 $ 114,328 7.3
Deposits $ 112,318 $ 106,773 $ 102,381 $ 88,831 $ 83,501 $ 77,230 7.8
Long-term debt 22,257 21,653 19,085 19,839 18,045 14,628 8.8
Other liabilities 11,124 14,346 17,478 14,678 12,659 10,939 0.3
Shareholders’ equity 17,267 16,886 16,238 13,533 12,215 11,531 8.4
Total liabilities and
shareholders’ equity $ 162,966 $ 159,658 $ 155,182 $ 136,881 $ 126,420 $ 114,328 7.3
5.3
Period-End Balances:
Total assets $ 174,579 $ 157,081 $ 165,764 $ 152,015 $ 132,618 $ 121,351 7.5
Loans and leases (3) 111,205 107,264 106,207 98,669 91,686 83,591 5.9
Deposits 124,939 107,213 114,965 98,613 86,766 80,971 9.1
Long-term debt 21,803 21,730 21,376 18,032 18,693 15,904 6.5
Shareholders’ equity 17,480 16,498 16,241 16,081 12,664 11,826 8.1
Selected Ratios:
Rate of return on:
Average total assets 0.82 % 0.54 % 0.56 % 1.12 % 1.38 % 1.34 %
Average common
equity 7.49 4.85 4.93 11.44 14.25 13.35
Average total equity 7.71 5.06 5.40 11.30 14.30 13.30
Dividend payout 35.14 50.85 79.31 68.50 56.78 57.75
Average equity to average
assets 10.60 10.58 10.46 9.89 9.66 10.09
(1) Amounts include the impact of the Colonial acquisition which was completed on August 14, 2009.
(2) 2011 included a special $0.01 dividend.
(3) Loans and leases are net of unearned income and include loans held for sale.
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