BB&T 2013 Annual Report Download - page 29

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29
Catastrophic events could have a material adverse effect on BB&T.
The occurrence of catastrophic events such as hurricanes, tropical storms, tornados, winter storms and other large scale
catastrophes could adversely affect BB&T’s consolidated financial condition or results of operations. BB&T has operations
and customers along the Gulf and Atlantic coasts as well as other parts of the southeastern United States, which could be
adversely impacted by hurricanes and other severe weather in those regions. Unpredictable natural and other disasters could
have an adverse effect on BB&T in that such events could materially disrupt its operations or the ability or willingness of its
customers to access the financial services offered by BB&T. BB&T’s property and casualty insurance operations also expose
it to claims arising out of catastrophes. The incidence and severity of catastrophes are inherently unpredictable. Although
BB&T carries insurance to mitigate its exposure to certain catastrophic events, these events could nevertheless reduce
BB&T’s earnings and cause volatility in its financial results for any fiscal quarter or year and have a material adverse effect
on BB&T’s financial condition and/or results of operations.
ITEM 2. PROPERTIES
BB&T owns or leases significant office space used as the Company’s headquarters in Winston-Salem, North Carolina.
BB&T owns free-standing operations centers, with its primary operations and information technology center located in
Wilson, North Carolina. Offices are either owned or operated under long-term leases. At December 31, 2013, Branch Bank
operated 1,825 branch offices in North Carolina, Virginia, Florida, Georgia, Maryland, South Carolina, Alabama, Kentucky,
West Virginia, Texas, Tennessee, Washington DC and Indiana. BB&T also operates numerous insurance agencies and other
businesses that occupy facilities. Management believes that the premises are well-located and suitably equipped to serve as
financial services facilities. See Note 4 “Premises and Equipment” in the “Notes to Consolidated Financial Statements” in
this report for additional disclosures related to properties and other fixed assets.
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND
ISSUER PURCHASES OF EQUITY SECURITIES
BB&T’s common stock is traded on the NYSE under the symbol “BBT.” The common stock was held by approximately
342,000 shareholders at December 31, 2013 compared to approximately 315,000 shareholders at December 31, 2012. The
following table sets forth the quarterly high and low trading prices and closing sales prices for BB&T’s common stock and
the dividends declared per share of common stock for each of the last eight quarters.
Table 4
Quarterly Summary of Market Prices and Cash Dividends Declared on Common Stock
2013 2012
Cash Cash
Sales Prices Dividends Sales Prices Dividends
High Low Last Declared High Low Last Declared
Quarter Ended:
March 31 $ 31.81 $ 29.54 $ 31.39 $ 0.23 $ 31.94 $ 25.26 $ 31.39 $ 0.20
June 30 34.37 29.18 33.88 0.23 32.74 27.40 30.85 0.20
September 30 36.59 33.30 33.75 0.23 34.37 30.41 33.16 0.20
December 31 37.42 32.65 37.32 0.23 33.89 26.86 29.11 0.20
Year $ 37.42 $ 29.18 $ 37.32 $ 0.92 $ 34.37 $ 25.26 $ 29.11 $ 0.80