BB&T 2013 Annual Report Download - page 6

Download and view the complete annual report

Please find page 6 of the 2013 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.

Page out of 158

  • 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

6
disruptions to the credit and financial markets, either nationally or globally, including the impact of a downgrade of
U.S. government obligations by one of the credit ratings agencies and the adverse effects of recessionary conditions
in Europe;
changes in the interest rate environment and cash flow reassessments may reduce NIM and/or the volumes and
values of loans made or held as well as the value of other financial assets held;
competitive pressures among depository and other financial institutions may increase significantly;
legislative, regulatory or accounting changes, including changes resulting from the adoption and implementation of
the Dodd-Frank Act may adversely affect the businesses in which BB&T is engaged;
local, state or federal taxing authorities may take tax positions that are adverse to BB&T;
a reduction may occur in BB&T’s credit ratings;
adverse changes may occur in the securities markets;
competitors of BB&T may have greater financial resources and develop products that enable them to compete more
successfully than BB&T and may be subject to different regulatory standards than BB&T;
natural or other disasters could have an adverse effect on BB&T in that such events could materially disrupt
BB&T’s operations or the ability or willingness of BB&T’s customers to access the financial services BB&T offers;
costs or difficulties related to the integration of the businesses of BB&T and its merger partners may be greater than
expected;
expected cost savings or revenue growth associated with completed mergers and acquisitions may not be fully
realized or realized within the expected time frames;
significant litigation could have a material adverse effect on BB&T;
deposit attrition, customer loss and/or revenue loss following completed mergers and acquisitions may be greater
than expected; and
cyber-security risks, including “denial of service,” “hacking” and “identity theft,” could adversely affect our
business and financial performance, or our reputation.
Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of
this report. Actual results may differ materially from those expressed in or implied by any forward-looking statement. Except
to the extent required by applicable law or regulation, BB&T undertakes no obligation to revise or update publicly any
forward-looking statements for any reason.