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BB & T Corp

BB&T Corporation, a financial holding company, provides various banking and financial services to individuals, corporations, institutions, foundations, and government entities. It generates various deposit instruments, including checking accounts, savings accounts, money rate savings, investor deposit accounts, certificates of deposit, and individual retirement accounts.

The company’s lending activities include small business lending, commercial middle market lending, real estate lending, retail lending, home equity lending, sales finance, mortgage lending, commercial mortgage, leasing, and asset-based lending. It also offers other services, including asset management, agency insurance, wholesale insurance brokerage, institutional trust services, wealth management, investment brokerage services, capital markets services, factoring, international banking services, cash management, electronic payment services, credit and debit card services, and consumer finance, as well as payroll processing and payments services. In addition, the company offers non-deposit investment alternatives, including discount brokerage services, fixed-rate and variable-rate annuities, mutual funds, and government and municipal bonds. As of December, 31, 2004, its subsidiaries operated approximately 1,400 banking offices in North Carolina, South Carolina, Virginia, Maryland, Georgia, West Virginia, Tennessee, Kentucky, Alabama, Florida, Indiana, and Washington. The company was founded in 1906 and is headquartered in Winston-Salem, North Carolina

For the fiscal year that ended on the 31st of December, 2005, BB&T Corporation’s interest income increased 21% to $5.51B. Net interest income after LLP increased 7% to $3.31B. Net income increased 6% to $1.65B. Net interest income reflects higher average balances of loans and other interest-earning assets, partially offset by higher average balances of deposits. Net income reflects growth in the non-interest generating businesses, including insurance and mortgage banking.

BB&T Corporation is rated as one of the top financial holding companies in the country.
BB&T is one of the country’s safest and soundest financial institutions, with more than 1,400 branches in 11 states and Washington, D.C. As well as over more than 28,000 employees across the Corporation.  BB&T is also the largest mortgage lender in North Carolina and West Virginia. All this as well as being the top small business lender in the Carolinas.

BB&T Corp is the 9th largest financial holding company in the United States with total assets topping $109.2 billion. With more than 548 million shares outstanding, as well as managing more than $20 billion in trust assets, BB&T is ranked among the 2003 World’s Top 50 Financial Institutions for Market Capitalization by Retail Banker International.
They offer a ten-year compound annual dividend growth rate is 13.2 percent compared with 4.7 percent for the S&P 500, and over the last five years, BB&T’s total compound annual return to shareholders is 8.7 percent compared with -1.5 percent for the S&P 500.
Not only that, but the ten-year total compound annual return to shareholders is 14.8 percent compared with 9.5 percent for the S&P 500.

BB&T Corporation is an S&P 500 Company listed on the New York Stock Exchange under the trading symbol BBT.

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