BB&T 2014 Annual Report Download - page 33

Table of Contents



 
      
Summary of Operations:
Interest income $ 6,142 $ 6,507 $ 6,917 $ 6,885 $ 7,115 $ 6,884 (2.3)%
Interest expense 768 891 1,060 1,378 1,795 2,040 (17.7)
Net interest income 5,374 5,616 5,857 5,507 5,320 4,844 2.1
Provision for credit losses 251 592 1,057 1,190 2,638 2,811 (38.3)
Net interest income after
provision for credit losses 5,123 5,024 4,800 4,317 2,682 2,033 20.3
Noninterest income 3,784 3,937 3,820 3,113 3,957 3,934 (0.8)
Noninterest expense 5,921 5,837 5,828 5,802 5,670 4,931 3.7
Income before income taxes 2,986 3,124 2,792 1,628 969 1,036 23.6
Provision for income taxes 760 1,395 764 296 115 159 36.7
Net income 2,226 1,729 2,028 1,332 854 877 20.5
Noncontrolling interest 75 50 49 43 38 24 25.6
Dividends and accretion on
preferred stock 148 117 63 ― ― 124 3.6
Net income available to
common shareholders $ 2,003 $ 1,562 $ 1,916 $ 1,289 $ 816 $ 729 22.4
Per Common Share:
Average shares outstanding:
Basic 718,140 703,042 698,739 696,532 692,489 629,583 2.7
Diluted 728,372 714,363 708,877 705,168 701,039 635,619 2.8
Earnings:
Basic $ 2.79 $ 2.22 $ 2.74 $ 1.85 $ 1.18 $ 1.16 19.2
Diluted 2.75 2.19 2.70 1.83 1.16 1.15 19.0
Cash dividends declared (1) 0.95 0.92 0.80 0.65 0.60 0.92 0.6
Book value 30.16 28.52 27.21 24.98 23.67 23.47 5.1
Average Balances:
Securities, at amortized cost (2) $ 40,541 $ 36,772 $ 36,334 $ 29,923 $ 27,610 $ 31,226 5.4
Loans and leases (3) 118,830 117,527 113,733 105,962 104,787 102,146 3.1
Other assets 25,697 26,963 28,567 27,081 27,261 21,810 3.3
Total assets $ 185,068 $ 181,262 $ 178,634 $ 162,966 $ 159,658 $ 155,182 3.6
Deposits $ 129,077 $ 128,555 $ 127,617 $ 112,318 $ 106,773 $ 102,381 4.7
Long-term debt 22,210 19,301 20,651 22,257 21,653 19,085 3.1
Other liabilities 9,790 11,516 10,889 11,124 14,346 17,478 (10.9)
Shareholders' equity 23,991 21,890 19,477 17,267 16,886 16,238 8.1
Total liabilities and
shareholders' equity $ 185,068 $ 181,262 $ 178,634 $ 162,966 $ 159,658 $ 155,182 3.6
Period-End Balances:
Total assets $ 186,814 $ 183,010 $ 184,499 $ 175,011 $ 157,081 $ 165,764 2.4
Loans and leases (3) 121,307 117,139 118,364 111,205 107,264 106,207 2.7
Deposits 129,040 127,475 133,075 124,939 107,213 114,965 2.3
Long-term debt 23,312 21,493 19,114 21,803 21,730 21,376 1.7
Shareholders' equity 24,426 22,809 21,223 17,480 16,498 16,241 8.5
Selected Ratios:
Rate of return on:
Average total assets 1.20 % 0.95 % 1.14 % 0.82 % 0.54 % 0.56 %
Average common equity 9.40 8.06 10.35 7.49 4.85 4.93
Average total equity 9.28 7.90 10.41 7.71 5.06 5.40
Dividend payout 34.05 41.44 29.20 35.14 50.85 79.31
Average equity to average assets 12.96 12.08 10.90 10.60 10.58 10.46
(1) 2011 included a special $0.01 dividend.
(2) Excludes trading securities.
(3) Loans and leases are net of unearned income and include LHFS.
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Source: BB&T CORP, 10-K, February 25, 2015 Powered by Morningstar® Document Research℠
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