On April 19, regional bank BB&T
- 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%) |
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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