BB&T 2012 Annual Report Download - page 4
Download and view the complete annual report
Please find page 4 of the 2012 BB&T annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2 -
3 -
4 -
5 -
6 -
7 -
8 -
9 -
10 -
11 -
12 -
13 -
14 -
15 -
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
 |
 |
2012 Annual Report
2
TO OUR SHAREHOLDERS:
Guided by consistent values, BB&T has powered through
economic and regulatory headwinds with a laser focus on growth
opportunities created by long-standing relationships of trust
with our clients, associates, communities and shareholders.
At a time when the nation’s economy remains uncertain and
our leaders in Washington are divided and indecisive, we have
a choice between complaining or turning our attention to things
we can control. At BB&T, we choose the latter. We are seizing
opportunities to increase the value of our banking and non-
banking businesses with revenue-generating initiatives that will
assure BB&T’s prosperity in any economic environment.
Our opportunities are many and diverse. In Texas, we are
building on our Colonial acquisition with 30 new branches to
take advantage of commercial loan opportunities in four of the
nation’s most vibrant markets – Dallas, Houston, Austin and
San Antonio. In South Florida, the BankAtlantic acquisition
completed in 2012 doubled our size and bulked up our market
share of the rich, multicultural Miami area market. We are
aggressively expanding our wealth business so we are positioned
to help baby boomers manage their financial assets, which we
believe will remain one of the most lucrative retail opportunities
for several decades. BB&T Insurance, our largest national-scale,
non-banking business, is now the nation’s largest independent
wholesale distributor of life insurance (and No. 2 in wholesale
property and casualty insurance) after our 2012 acquisition of the
Crump Group. We are expanding our corporate banking business,
also national in scale, to build partnerships with large middle-
market and other companies seeking our capital and counsel
KELLY S. KING
Chairman and Chief Executive Officer