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:

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