BB&T Earns a "B": Fool by Numbers

On April 19, regional bank BB&T (NYSE: BBT) released first-quarter earnings for the period ended March 31.

• Non-interest income increased by 7.2% to $652 million, thanks to improved revenues from insurance operations, trust services, and service charges.
  
  
• The bank produced positive operating leverage of 6.2%, as management more strongly emphasized cost control.
  
  
• Average deposits grew by 11.2% to $82.5 billion.
  
  
• Read Emil Lee's Foolish take for more analysis on BB&T's quarter, which he dubbed good, but not great.
  
  
• Income Investor recommendation BB&T carries a two-star rating in Motley Fool CAPS. Southeast competitor SunTrust (NYSE: STI) earned only a one-star rating.

(Figures in millions, except per-share data)

Income Statement Highlights

	Q1 2007	Q1 2006	Change
Total Revenue	$1,526	$1,458	4.7%
Net Interest Income	$945	$897	5.4%
Net Profit	$421	$431	(2.3%)
EPS	$0.77	$0.79	(2.5%)

Get back to basics with a look at the income statement.

Ratio Checkup

	Q1 2007	Q1 2006	Change*
Net Interest Margin	3.61%	3.82%	(0.21%)
Efficiency Ratio	53.70%	55.60%	(1.90%)
Nonperforming Assets / Assets	0.30%	0.27%	0.03%
Return on Average Assets	1.42%	1.53%	(0.11%)
Return on Average Equity	14.94%	14.98%	(0.04%)

*Expressed in percentage points. Ratios are based on operating earnings.

Find out more about bank performance ratios.

Balance Sheet Highlights

Assets	Q1 2007	Q1 2006	Change
Investments	$21,804	$20,179	8.1%
Loans	$85,320	$76,279	11.9%

Liabilities	Q1 2007	Q1 2006	Change
Deposits	$79,839	$75,564	5.7%
Total Liabilities	$110,044	$99,064	11.1%

Learn about bank assets and bank liabilities.

Related Foolishness:

• BB&T Doesn't Sweat Stormy Environment
• Bank of America Doesn't Impress

Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.