BB&T 2014 Annual Report Download - page 90
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Table of Contents
Interest and fees on loans and leases $ 5,163 $ 5,603 $ 5,980
Interest and dividends on securities 939 871 907
Interest on other earning assets 40 33 30
Total interest income 6,142 6,507 6,917
Interest on deposits 239 301 429
Interest on short-term borrowings 4 6 7
Interest on long-term debt 525 584 624
Total interest expense 768 891 1,060
5,374 5,616 5,857
Provision for credit losses 251 592 1,057
5,123 5,024 4,800
Insurance income 1,643 1,517 1,359
Service charges on deposits 600 584 566
Mortgage banking income 395 565 840
Investment banking and brokerage fees and commissions 387 383 365
Bankcard fees and merchant discounts 269 256 236
Trust and investment advisory revenues 221 200 184
Checkcard fees 203 199 185
Income from bank-owned life insurance 110 113 116
FDIC loss share income, net (343) (293) (318)
Other income 302 362 299
Securities gains (losses), net
Gross realized gains 7 57 1
Gross realized losses (4) (6) (4)
OTTI charges (23) ― (5)
Non-credit portion recognized in OCI 17 ― (4)
Total securities gains (losses), net (3) 51 (12)
Total noninterest income 3,784 3,937 3,820
Personnel expense 3,180 3,293 3,125
Occupancy and equipment expense 682 692 650
Loan-related expense 342 255 283
Software expense 174 158 138
Professional services 139 189 156
Outside IT services 115 89 58
Regulatory charges 106 143 159
Amortization of intangibles 91 106 110
Foreclosed property expense 40 55 266
Merger-related and restructuring charges, net 46 46 68
Loss on early extinguishment of debt 122 ― 2
Other expense 884 811 813
Total noninterest expense 5,921 5,837 5,828
Income before income taxes 2,986 3,124 2,792
Provision for income taxes 760 1,395 764
2,226 1,729 2,028
Noncontrolling interests 75 50 49
Dividends on preferred stock 148 117 63
$ 2,003 $ 1,562 $ 1,916
Basic $ 2.79 $ 2.22 $ 2.74
Diluted $ 2.75 $ 2.19 $ 2.70
Cash dividends declared $ 0.95 $ 0.92 $ 0.80
Basic 718,140 703,042 698,739
Diluted 728,372 714,363 708,877
The accompanying notes are an integral part of these consolidated financial statements.
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Source: BB&T CORP, 10-K, February 25, 2015 Powered by Morningstar® Document Research℠
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