BB&T (BBT) Posts In-line Q4 Earnings & Revenues

Have you been eager to see how BB&T Corporation (BBT - Free Report) performed in Q4 in comparison with the market expectations? Let’s quickly scan through the key facts from this North Carolina-based diversified financial holding company’s earnings release this morning:

In-Line Earnings

BB&T came out with adjusted earnings per share of 73 cents, which was in line with the Zacks Consensus Estimate. 

A rise in revenues was offset by higher expenses.

How Was the Estimate Revision Trend?

You should note that the Zacks Consensus Estimate for Q4 has remained stable over the last 7 days.

Notably, BB&T has a decent earnings surprise history. Before posting in line earnings in Q4, the company delivered positive surprises in three of the prior four quarters.

BB&T Corp. Price and EPS Surprise

BB&T Corp. Price and EPS Surprise | BB&T Corp. Quote

Overall, on an average the company posted positive earnings surprise of 6.0% in the trailing four quarters.

Revenue at Par with Expectation

BB&T posted total revenues (taxable-equivalent) of $2.77 billion, almost at par with the Zacks Consensus Estimate. However, it came around 8% higher than the year-ago number.

Key Statistics to Note:

  • Adjusted Efficiency ratio of 59.5% 
  • Average loans and leases held for investment were $142.3 billion as of Dec 31, 2016
  • Average deposits were $160.1 billion as of Dec 31, 2016
  • Dividend payout ratio of 41.0% as of Dec 31, 2016
  • Common equity Tier 1 ratio under Basel III, on a fully-phased in basis, was 10.0% as Dec 31, 2016

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