On Jan. 18, BB&T Corporation (NYSE:BBT) released fourth-quarter earnings for the period ended Dec. 31.
- The net income decrease is due mainly to $139 million of tax reserves (related to leveraged lease transactions) and losses (related to restructuring the securities portfolio).
- Loans and deposits saw healthy growth.
- Non-interest income increased 9.1%, driven by BB&T's insurance operations.
- BB&T is a two-star stock in Motley Fool CAPS.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change | |
|---|---|---|---|
|
Total Revenue |
$1,485.0 |
$1,449.4 |
2.5% |
|
Net Interest Income |
$955.6 |
$899.7 |
6.2% |
|
Net Profit |
$250.9 |
$429.6 |
(41.6%) |
|
EPS |
$0.46 |
$0.78 |
(41.0%) |
|
Adjusted EPS* |
$0.82 |
$0.78 |
5.1% |
Get back to basics with a look at the income statement.
Ratio Checkup
|
Q4 2006 |
Q4 2005 |
Change* | |
|---|---|---|---|
|
Net Interest Margin |
3.70% |
3.82% |
(0.12%) |
|
Efficiency Ratio |
55.30% |
52.60% |
2.70% |
|
Nonperforming Assets / Assets |
0.29% |
0.27% |
0.01% |
|
Return on Average Assets |
0.84% |
1.58% |
(0.74%) |
|
Return on Average Equity |
8.33% |
15.32% |
(6.99%) |
Find out more about bank performance ratios.
Balance Sheet Highlights
|
Assets |
4Q 2006 |
4Q 2005 |
Change |
|---|---|---|---|
|
Investments |
$22,868 |
$20,489 |
11.6% |
|
Loans |
$83,591 |
$75,023 |
11.4% |
|
Liabilities |
4Q 2006 |
4Q 2005 |
Change |
|---|---|---|---|
|
Deposits |
$80,972 |
$74,282 |
9.0% |
|
Total Liabilities |
$109,607 |
$98,041 |
11.8% |
Learn about bank assets and bank liabilities.
Related Companies:
- Citigroup
- Bank of America
- Wachovia (NYSE:WB)
- Wells Fargo (NYSE:WFC)
- US Bancorp (NYSE:USB)
Related Foolishness:
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