Current Report Filing (8-k)

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

______________

Form 8-K

Current Report

______________

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

April 23, 2015

Date of Report (Date of earliest event reported)

BB&T Corporation

(Exact name of registrant as specified in its charter)

Commission file number : 1-10853

______________

North Carolina	56-0939887
(State of incorporation)	(I.R.S. Employer Identification No.)

200 West Second Street
Winston-Salem, North Carolina	27101
(Address of principal executive offices)	(Zip Code)

(336) 733-2000

(Registrant's telephone number, including area code)

______________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 2.02

Results of Operations and Financial Condition

On April 23, 2015, BB&T Corporation issued a press release reporting first quarter 2015 results and posted on its website its first quarter 2015 Earnings Release, Quarterly Performance Summary and Earnings Release Presentation. The release contains forward-looking statements regarding BB&T and includes a cautionary statement identifying important factors that could cause actual results to differ materially from those anticipated. The Earnings Release, Quarterly Performance Summary and Earnings Release Presentation are furnished as Exhibits 99.1, 99.2 and 99.3, respectively.

ITEM 9.01	Financial Statements and Exhibits

Exhibit No.	Description of Exhibit

99.1	BB&T Corporation's Earnings Release issued April 23, 2015.

99.2	BB&T Corporation's Quarterly Performance Summary issued April 23, 2015.

99.3	BB&T Corporation's Earnings Release Presentation issued April 23, 2015.

S I G N A T U R E

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	BB&T CORPORATION
	(Registrant)

	By: /s/ Cynthia B. Powell

	Cynthia B. Powell
	Executive Vice President and Corporate Controller
	(Principal Accounting Officer)

Date: April 23, 2015

Exhibit 99.1

April 23, 2015

FOR IMMEDIATE RELEASE

Contacts:
ANALYSTS		MEDIA
Alan Greer	Tamera Gjesdal	Cynthia A. Williams
Executive Vice President	Senior Vice President	Senior Executive Vice President
Investor Relations	Investor Relations	Corporate Communications
(336) 733-3021	(336) 733-3058	(336) 733-1470

BB&T reports first quarter results

Adjusted diluted EPS of $0.68 per share

WINSTON-SALEM, N.C. -- BB&T Corporation (NYSE: BBT) today reported quarterly earnings for the first quarter of 2015. Net income available to common shareholders was $488 million, compared to $496 million earned in the first quarter of 2014. Earnings per diluted common share totaled $0.67 for the quarter, compared to $0.68 for the first quarter of last year. Net income available to common shareholders was affected by $13 million in pre-tax merger-related charges, or $0.01 per diluted share.

“Given the challenges of the current rate environment, I am pleased with our financial performance and other accomplishments during the quarter,” said Chairman and Chief Executive Officer Kelly S. King. “We enjoyed solid loan growth, good expense control in a seasonally challenging quarter and outstanding credit quality.

“Revenues for the first quarter were $2.3 billion, up $34 million from the first quarter of 2014. These results were driven by continued strength in our fee-based businesses, with insurance achieving a record quarter. Excluding residential mortgage loans, average loans grew 5.4% compared to last quarter, and our credit metrics improved across the board.

“We are also pleased that the Federal Reserve did not object to our capital plan, which includes an increase in the quarterly dividend to $0.27, a 12.5% increase, three previously announced acquisitions and share buybacks of up to $820 million beginning in the third quarter of 2015,” said King.

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“On April 1, we announced an agreement to substantially increase our partnership interest in AmRisc and to sell American Coastal Insurance Company, subject to regulatory approval. AmRisc does not assume any underwriting risk and represents an attractive fee income business for BB&T, while the sale of American Coastal Insurance Company will eliminate our exposure to potential underwriting losses in the future.

“We completed the acquisition of 41 branches in Texas, which added approximately $1.9 billion in deposits,” said King. “In addition, the pending acquisitions of The Bank of Kentucky and Susquehanna Bancshares are on track to close later this year.

“Capping off a successful first quarter, we achieved a significant milestone by launching our new general ledger system. We are very pleased with this accomplishment as we continue to automate business processes to make our company more efficient,” said King.

First Quarter 2015 Performance Highlights

Taxable equivalent revenues were $2.3 billion for the first quarter, down $49 million from the fourth quarter of 2014

Net interest margin was 3.33%, down three basis points compared to the prior quarter due to lower rates on new loans and runoff of loans acquired from the FDIC

Insurance income was up $31 million, an annualized increase of 30.7% that reflects seasonal growth in employee benefit commissions

Maintained a consistent fee income ratio of 45.8% compared to 46.2% in the prior quarter, reflecting revenue diversification

Noninterest expense was $1.4 billion, an annualized increase of 8.1% compared to the prior quarter

Personnel expense was up $36 million due to higher pension costs and seasonal increases in payroll taxes and fringe benefits, partially offset by a reduction in incentives and a slight headcount reduction

Loan-related expense decreased $33 million primarily due to a fourth quarter charge

Professional services decreased $14 million due to reduced legal and consulting costs

Other expense was up $42 million largely due to prior period benefits for franchise taxes and insurance-related expenses

The adjusted efficiency ratio was 58.5%

Average loans and leases held for investment increased 1.8% on an annualized basis compared to the fourth quarter of 2014; up 5.4% excluding residential mortgage

Average C&I loans increased 10.7%

Average sales finance loans increased 9.9%

Average residential mortgage loans decreased 8.1%, reflecting the strategic decision to sell conforming mortgage loan production

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Average deposits decreased $784 million, or 2.4% annualized, compared to the prior quarter

Average noninterest-bearing deposits increased $571 million, or 5.9%

Average interest-bearing deposits decreased $1.4 billion, driven by time deposits, which decreased $3.0 billion

Average interest-bearing deposit costs were 0.25%, flat compared to the prior quarter

Deposit mix improved, with average noninterest-bearing deposits representing 30.6% of total deposits, compared to 30.0% in the prior quarter

Asset quality continued to improve

Nonperforming assets decreased $17 million, or 2.2%, from December 31, 2014

Delinquent loans decreased $280 million, or 19.6%

The allowance for loan loss coverage ratio was 2.45 times nonperforming loans held for investment in the first quarter, versus 2.39 times in the fourth quarter

Capital levels remained strong across the board

Common equity tier 1 to risk-weighted assets was 10.5%, or 10.3% on a fully phased-in basis

Tier 1 risk-based capital was 12.2%

Total capital was 14.5%

Leverage capital was 10.1%

Tangible common equity to tangible assets was 8.0%

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EARNINGS HIGHLIGHTS								Change		Change
(dollars in millions, except per share data)		Q1		Q4		Q1		Q1 15 vs.		Q1 15 vs.
		2015		2014		2014		Q4 14		Q1 14
Net income available to common shareholders		$	488	$	551	$	496	$	(63)	$	(8)
Diluted earnings per common share			0.67		0.75		0.68		(0.08)		(0.01)

Net interest income - taxable equivalent		$	1,347	$	1,371	$	1,383	$	(24)	$	(36)
Noninterest income			997		1,022		927		(25)		70
	Total revenue	$	2,344	$	2,393	$	2,310	$	(49)	$	34

Return on average assets (%)			1.18		1.28		1.27		(0.10)		(0.09)
Return on average risk-weighted assets (%)			1.48		1.68		1.69		(0.20)		(0.21)
Return on average common shareholders' equity (%)			9.05		9.99		9.77		(0.94)		(0.72)
Return on average tangible common shareholders'
	equity (%)		14.00		15.45		15.68		(1.45)		(1.68)
Net interest margin - taxable equivalent (%)			3.33		3.36		3.52		(0.03)		(0.19)
Efficiency ratio (1) (%)			58.5		55.6		58.2		2.9		0.3

(1)

Excludes certain items as detailed in the non-GAAP reconciliations in the Quarterly Performance Summary.

First Quarter 2015 compared to Fourth Quarter 2014

Consolidated net income available to common shareholders for the first quarter of 2015 was $488 million, a decrease of $63 million compared to the fourth quarter of 2014. On a diluted per common share basis, earnings for the first quarter were $0.67, compared to $0.75 earned in the prior quarter. BB&T’s results of operations for the first quarter produced an annualized return on average assets of 1.18%, an annualized return on average risk-weighted assets of 1.48% and an annualized return on average common shareholders’ equity of 9.05%, compared to prior quarter ratios of 1.28%, 1.68% and 9.99%, respectively. BB&T’s return on average tangible common shareholders’ equity was 14.00% for the first quarter of 2015, compared to 15.45% for the prior quarter.

Effective January 1, 2015, BB&T adopted new guidance related to the accounting for investments in qualified affordable housing projects. For prior periods, amortization expense related to qualifying investments in low income housing tax credits was reclassified from other income to provision for income taxes, and the amounts of amortization and tax benefits recognized were revised as a result of the adoption of the proportional amortization method. See Selected Items & Additional Information in the Quarterly Performance Summary for the impact to prior periods.

Total revenues were $2.3 billion for the first quarter of 2015, a decrease of $49 million compared to the prior quarter, which reflects a decrease in noninterest income of $25 million and a decrease in taxable-equivalent net interest income of $24 million.

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The change in taxable-equivalent net interest income includes a $26 million decrease in interest income, driven by lower yields on new loans, and a $2 million decrease in interest expense. Net interest margin was 3.33% for the first quarter, a decrease of three basis points compared to the prior quarter. Average earning assets increased $808 million, or 2.0% annualized, while average interest-bearing liabilities were flat. The annualized yield on the total loan portfolio for the first quarter was 4.23%, a six basis point decrease compared to the prior quarter, which primarily reflects lower yields on new loans and the continued runoff of higher yielding loans acquired from the FDIC. The annualized fully taxable-equivalent yield on the average securities portfolio for the first quarter was 2.47%, up two basis points compared to the prior quarter.

The average annualized cost of interest-bearing deposits was 0.25%, flat compared to the prior quarter. The average annualized rate paid on long-term debt was 2.18%, a decrease of four basis points compared to the prior quarter, which primarily reflects the impact of hedging activity.

Excluding loans acquired from the FDIC, the provision for credit losses was $105 million and net charge-offs were $100 million for the first quarter, compared to $84 million and $102 million, respectively, for the fourth quarter. The prior quarter included a benefit of $24 million related to the sale of residential mortgage loans.

Noninterest expense was $1.4 billion for the first quarter, up $28 million compared to the prior quarter. This increase was driven by a $42 million increase in other expense and a $36 million increase in personnel expense, partially offset by a $33 million decrease in loan-related expense. The increase in other expense was primarily the result of benefits for franchise taxes and insurance-related expense recognized in the prior period, while the increase in personnel expense was due to higher pension costs and seasonal increases in payroll taxes and fringe benefits, partially offset by a reduction in incentives and approximately 150 fewer full-time equivalent employees. The decrease in loan-related expense was primarily due to a $27 million charge in the prior quarter related to an ongoing review of mortgage lending processes.

The provision for income taxes was $241 million for the first quarter, compared to $277 million for the prior quarter. This produced an effective tax rate for the first quarter of 30.6%, compared to 31.5% for the prior quarter.

First Quarter 2015 compared to First Quarter 2014

Consolidated net income available to common shareholders for the first quarter of 2015 was $488 million, a decrease of $8 million compared to the same quarter of 2014. On a diluted per common share basis, earnings for the first quarter of 2015 were $0.67, compared to $0.68 for the earlier quarter. BB&T’s results of operations for the first quarter of 2015 produced an annualized return on average assets of 1.18%, an annualized return on average risk-weighted assets of 1.48% and an annualized return on average common shareholders’ equity of 9.05%, compared to prior quarter ratios of 1.27%, 1.69% and 9.77%, respectively. BB&T’s return on average tangible common shareholders’ equity was 14.00% for the first quarter of 2015, compared to 15.68% for the earlier quarter.

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Total revenues were $2.3 billion for the first quarter of 2015, up $34 million compared to the earlier quarter as a $70 million increase in noninterest income was partially offset by a $36 million decrease in taxable-equivalent net interest income.

Net interest margin was 3.33%, compared to 3.52% for the earlier quarter. Average earning assets increased $5.0 billion, or 3.2%, while average interest-bearing liabilities decreased $667 million, or 0.6%. The annualized yield on the total loan portfolio for the first quarter was 4.23%, a decrease of 35 basis points compared to the earlier quarter, which primarily reflects lower yields on new loans and continued runoff of higher yielding loans acquired from the FDIC. The annualized fully taxable-equivalent yield on the average securities portfolio for the first quarter was 2.47%, one basis point lower than the earlier period.

The average annualized cost of interest-bearing deposits was 0.25%, a decline of two basis points compared to the earlier quarter. The average annualized rate paid on long-term debt was 2.18%, a decrease of 31 basis points compared to the earlier quarter. This decrease was the result of lower rates on new issues during the last twelve months and the early extinguishment of higher cost FHLB advances during the third quarter of 2014.

The $70 million increase in noninterest income was primarily driven by higher mortgage banking income and insurance income, which increased $36 million and $13 million, respectively.

The provision for credit losses increased $39 million compared to the earlier quarter primarily due to a reserve release in the earlier quarter. Net charge-offs for the first quarter of 2015, excluding loans acquired from the FDIC, totaled $100 million, down $56 million compared to the earlier quarter.

Noninterest expense was $1.4 billion for the first quarter of 2015, an increase of $37 million compared to the earlier quarter. This increase was driven by a $48 million increase in personnel expense and a $15 million increase in other expense, partially offset by a $13 million decrease in loan-related expense and other smaller decreases.

The provision for income taxes was $241 million for the first quarter of 2015, compared to $256 million for the earlier quarter. This produced an effective tax rate for the first quarter of 2015 of 30.6%, compared to 30.9% for the earlier quarter.

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NONINTEREST INCOME								% Change		% Change
(dollars in millions)		Q1		Q4		Q1		Q1 15 vs.		Q1 15 vs.
		2015		2014		2014		Q4 14		Q1 14
								(annualized)
Insurance income		$	440	$	409	$	427		30.7		3.0
Service charges on deposits			145		160		150		(38.0)		(3.3)
Mortgage banking income			110		128		74		(57.0)		48.6
Investment banking and brokerage fees and
	commissions		94		112		88		(65.2)		6.8
Bankcard fees and merchant discounts			50		52		46		(15.6)		8.7
Trust and investment advisory revenues			56		56		54		―		3.7
Checkcard fees			39		42		38		(29.0)		2.6
Income from bank-owned life insurance			30		30		27		―		11.1
FDIC loss share income, net			(79)		(84)		(84)		(24.1)		(6.0)
Securities gains (losses), net			―		―		2		NM		(100.0)
Other income			112		117		105		(17.3)		6.7
	Total noninterest income	$	997	$	1,022	$	927		(9.9)		7.6

NM - not meaningful.

First Quarter 2015 compared to Fourth Quarter 2014

Noninterest income was $997 million for the first quarter, down $25 million compared to the prior quarter. This decrease was driven by lower mortgage banking income, investment banking and brokerage fees and commissions and service charges on deposits, partially offset by record insurance income. Mortgage banking income was $18 million lower than the prior quarter, primarily reflecting lower net mortgage servicing rights income. Investment banking and brokerage fees and commissions declined $18 million, driven by decreased capital markets activity. Service charges on deposits decreased $15 million, primarily due to a reduction in overdraft and nonsufficient funds fees. Insurance income was up $31 million compared to the prior quarter, primarily due to seasonal growth in employee benefit commissions.

First Quarter 2015 compared to First Quarter 2014

Noninterest income for the first quarter of 2015 increased $70 million, or 7.6%, compared to the earlier quarter. This increase was primarily driven by $36 million of higher mortgage banking income, which reflects higher gains on sales of loans, and improvement in commercial mortgage fee income due to higher loan volume. In addition, insurance income was up $13 million primarily due to higher property and casualty insurance commissions.

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NONINTEREST EXPENSE								% Change		% Change
(dollars in millions)		Q1		Q4		Q1		Q1 15 vs.		Q1 15 vs.
		2015		2014		2014		Q4 14		Q1 14
								(annualized)
Personnel expense		$	830	$	794	$	782		18.4		6.1
Occupancy and equipment expense			167		168		176		(2.4)		(5.1)
Loan-related expense			38		71		51		(188.5)		(25.5)
Software expense			44		45		43		(9.0)		2.3
Professional services			24		38		33		(149.4)		(27.3)
Outside IT services			30		27		27		45.1		11.1
Regulatory charges			23		24		29		(16.9)		(20.7)
Amortization of intangibles			21		22		23		(18.4)		(8.7)
Foreclosed property expense			13		10		9		121.7		44.4
Merger-related and restructuring charges, net			13		18		8		(112.7)		62.5
Other expense			219		177		204		96.2		7.4
	Total noninterest expense	$	1,422	$	1,394	$	1,385		8.1		2.7

First Quarter 2015 compared to Fourth Quarter 2014

Noninterest expense was $1.4 billion for the first quarter, up $28 million compared to the prior quarter. Other expense increased $42 million, primarily due to prior period benefits for franchise taxes and insurance-related expense. Personnel expense was up $36 million, driven by an $18 million increase in qualified pension plan expense due to higher amortization of net actuarial losses and higher service cost. Personnel expense was also impacted by the seasonal increase in payroll taxes due to the annual reset of social security limits, partially offset by lower incentives and fewer full-time equivalent employees. Loan-related expense decreased primarily due to a $27 million charge in the earlier quarter. Professional services declined $14 million due to lower legal fees and a reduction in consulting costs associated with strategic projects.

First Quarter 2015 compared to First Quarter 2014

Noninterest expense for the first quarter of 2015 was $37 million higher than the same period of 2014. The increase was primarily driven by higher personnel expense and other expense, partially offset by lower loan-related expense. The increase in personnel expense of $48 million reflects an $18 million increase in qualified pension plan expense that was driven by higher amortization of net actuarial losses and higher service cost. Personnel expense also increased due to higher production-related incentives due to strong performance at fee income-generating businesses and an increase in employee health costs, partially offset by approximately 1,600 fewer full-time equivalent employees.

Other expense was $15 million higher than the earlier quarter primarily due to current period charges associated with vacated property, prior period gains on sales of property and higher current period depreciation on property held under operating leases due to an increase in the size of the portfolio. The decrease in loan-related expense of $13 million was primarily due to a reduction in residential mortgage reserves.

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LOANS AND LEASES - average balances								% Change	% Change
(dollars in millions)		Q1		Q4		Q1		Q1 15 vs.	Q1 15 vs.
		2015		2014		2014		Q4 14	Q1 14
								(annualized)
Commercial and industrial		$	41,448	$	40,383	$	38,435	10.7	7.8
CRE - income producing properties			10,680		10,681		10,293	―	3.8
CRE - construction and development			2,734		2,772		2,454	(5.6)	11.4
Direct retail lending			8,191		8,085		9,349	5.3	(12.4)
Sales finance			10,498		10,247		9,428	9.9	11.3
Revolving credit			2,385		2,427		2,357	(7.0)	1.2
Residential mortgage			30,427		31,046		30,635	(8.1)	(0.7)
Other lending subsidiaries			11,318		11,351		10,236	(1.2)	10.6
Acquired from the FDIC			1,156		1,309		1,874	(47.4)	(38.3)
	Total loans and leases held for investment	$	118,837	$	118,301	$	115,061	1.8	3.3

Average loans held for investment for the first quarter of 2015 were $118.8 billion, up $536 million compared to the fourth quarter of 2014. The increase in average loans held for investment was primarily due to an increase of $1.1 billion in commercial and industrial average loans and a $251 million increase in average sales finance loans. These increases were partially offset by a $619 million decline in average residential mortgage loans and continued run-off of loans acquired from the FDIC.

Average commercial and industrial loans increased $1.1 billion, or 10.7% annualized, which reflects growth from large corporate clients and increased mortgage warehouse lending due to refinance activity. Average sales finance loans were up an annualized 9.9% primarily due to portfolio purchases.

The decrease of $619 million, or 8.1% annualized, in the residential mortgage portfolio reflects the continued strategy to sell all conforming residential mortgage loan production and the $140 million loan sale that occurred late in the fourth quarter of 2014.

DEPOSITS - average balances								% Change		% Change
(dollars in millions)		Q1		Q4		Q1		Q1 15 vs.		Q1 15 vs.
		2015		2014		2014		Q4 14		Q1 14
								(annualized)
Noninterest-bearing deposits		$	39,701	$	39,130	$	35,392		5.9		12.2
Interest checking			20,623		19,308		18,615		27.6		10.8
Money market and savings			51,644		51,176		48,767		3.7		5.9
Time deposits			17,000		20,041		21,935		(61.5)		(22.5)
Foreign office deposits - interest-bearing			563		660		1,009		(59.6)		(44.2)
	Total deposits	$	129,531	$	130,315	$	125,718		(2.4)		3.0

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Average deposits for the first quarter were $129.5 billion, a decrease of $784 million or 2.4% annualized compared to the prior quarter. The change in average deposits reflects improved mix, with noninterest-bearing deposits up $571 million, or 5.9% annualized, while interest-bearing balances were down $1.4 billion, or 6.0% annualized. The acquisition of 41 branches in Texas had an estimated $55 million favorable impact on average noninterest-bearing deposits and a $180 million impact on average interest-bearing deposits. Noninterest-bearing deposits represented 30.6% of total average deposits for the first quarter, compared to 30.0% for the prior quarter and 28.2% a year ago.

The growth in average noninterest-bearing deposits includes an increase in average consumer accounts totaling $485 million and an increase in average public funds accounts totaling $381 million, partially offset by a decrease in average commercial accounts totaling $297 million.

The decline in interest-bearing accounts was driven by a $3.0 billion decline in time deposits, partially offset by a $1.3 billion increase in interest checking and a $468 million increase in money markets and savings.

The cost of interest-bearing deposits was 0.25% for the first quarter, flat compared to the prior quarter.

SEGMENT RESULTS								Change		Change
(dollars in millions)		Q1		Q4		Q1		Q1 15 vs.		Q1 15 vs.
Segment Net Income		2015		2014		2014		Q4 14		Q1 14
Community Banking		$	210	$	251	$	215	$	(41)	$	(5)
Residential Mortgage Banking			64		82		63		(18)		1
Dealer Financial Services			43		34		35		9		8
Specialized Lending			57		64		59		(7)		(2)
Insurance Services			72		65		75		7		(3)
Financial Services			66		79		67		(13)		(1)
Other, Treasury and Corporate			35		28		59		7		(24)
	Total net income	$	547	$	603	$	573	$	(56)	$	(26)

First Quarter 2015 compared to Fourth Quarter 2014

Community Banking

Community Banking serves individual and business clients by offering a variety of loan and deposit products and other financial services. The segment is primarily responsible for acquiring and maintaining client relationships.

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Community Banking net income was $210 million for the first quarter of 2015, a decrease of $41 million compared to the prior quarter. Segment net interest income decreased $21 million, primarily driven by lower funding spreads on deposits and lower commercial loan and revolving credit balances, partially offset by deposit growth and higher credit spreads on retail loans and revolving credit. Noninterest income decreased $25 million, primarily due to lower service charges on deposits, bankcard fees and checkcard fees. The allocated provision for credit losses decreased $7 million as the result of slower loan growth and lower commercial and retail loan net charge-offs. Noninterest expense increased $21 million driven by higher incentive expense. The increase in noninterest expense was also driven by higher payroll taxes, pension expense and franchise taxes, partially offset by lower loan processing expense. Average loans grew $25 million, or 0.2% on an annualized basis, while average transaction account deposits grew $1.7 billion, or 12.8% on an annualized basis.

Residential Mortgage Banking

Residential Mortgage Banking retains and services mortgage loans originated by BB&T as well as those purchased from various correspondent originators. Mortgage loan products include fixed and adjustable-rate government guaranteed and conventional loans for the purpose of constructing, purchasing or refinancing residential properties. Substantially all of the properties are owner-occupied.

Residential Mortgage Banking net income was $64 million for the first quarter of 2015, a decrease of $18 million compared to the prior quarter. Segment net interest income decreased $11 million, primarily the result of lower rates on new loans and lower average loan balances consistent with the current strategy of selling substantially all conforming mortgage loan production. Noninterest income decreased $16 million, driven by a reduction in mortgage servicing income. The allocated provision for credit losses reflected a benefit of $12 million in the first quarter of 2015, compared to a benefit of $38 million in the prior quarter, primarily due to the loan sale that occurred in the fourth quarter of 2014 and a moderation in the improvement in loss severity trends. Noninterest expense decreased $25 million driven by the previously mentioned $27 million charge related to the ongoing review of mortgage lending processes in the prior quarter.

Dealer Financial Services

Dealer Financial Services primarily originates loans to consumers for the purchase of automobiles. These loans are originated on an indirect basis through approved franchised and independent automobile dealers throughout BB&T’s market area through BB&T Dealer Finance, and on a national basis through Regional Acceptance Corporation. Dealer Financial Services also originates loans for the purchase of recreational and marine vehicles and, in conjunction with the Community Bank, provides financing and servicing to dealers for their inventories.

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Dealer Financial Services net income was $43 million for the first quarter of 2015, an increase of $9 million over the prior quarter. Segment net interest income increased $3 million, primarily driven by growth in the Dealer Finance and Regional Acceptance loan portfolios and the inclusion of dealer floor plan loans in the segment during the current quarter, partially offset by a lower number of days during the quarter. The allocated provision for credit losses decreased $16 million, primarily due to seasonally lower net charge-offs and lower expectations of loss severity related to the non-prime automobile loan portfolio. Adjusted for the inclusion of dealer floor plan loans, Dealer Financial Services grew average loans by $365 million, or 11.2%, on an annualized basis.

Specialized Lending

Specialized Lending consists of businesses that provide specialty finance alternatives to commercial and consumer clients including: commercial finance, mortgage warehouse lending, tax-exempt financing for local governments and special-purpose districts, equipment leasing, full-service commercial mortgage banking, commercial and retail insurance premium finance, dealer-based financing of equipment for consumers and small businesses, and direct consumer finance.

Specialized Lending net income was $57 million for the first quarter of 2015, a decrease of $7 million compared to the prior quarter. Segment net interest income decreased $3 million driven by a lower number of days during the quarter, partially offset by higher credit spreads on loans. Noninterest income decreased $5 million driven by lower commercial mortgage income and lower gains on finance leases. The allocated provision for credit losses increased $6 million as the rate of improvement in credit trends has stabilized and the commercial finance loan portfolio experienced higher charge-offs. Specialized Lending grew average loans by $158 million, or 4.0% on an annualized basis.

Insurance Services

BB&T’s insurance agency / brokerage network is the fifth largest in the United States and sixth largest in the world. Insurance Services provides property and casualty, life and health insurance to business and individual clients. It also provides small business and corporate products, such as workers compensation and professional liability, as well as surety coverage and title insurance. In addition, Insurance Services underwrites a limited amount of property and casualty coverage. On April 1, BB&T announced an agreement to increase its partnership interest in AmRisc and to sell American Coastal Insurance Company, subject to regulatory approval.

Insurance Services net income was $72 million in the first quarter of 2015, an increase of $7 million over the prior quarter. Insurance Service’s noninterest income increased $21 million, which primarily reflects a seasonal increase in employee benefits insurance commissions and higher performance-based commercial property and casualty insurance commissions. Noninterest expense increased $21 million driven by higher payroll tax, defined contribution and pension expense and a reduction in certain actuarially determined loss reserves in the prior quarter.

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Financial Services

Financial Services provides personal trust administration, estate planning, investment counseling, wealth management, asset management, employee benefits services, corporate banking and corporate trust services to individuals, corporations, institutions, foundations and government entities. In addition, Financial Services offers clients investment alternatives, including discount brokerage services, equities, fixed-rate and variable-rate annuities, mutual funds and governmental and municipal bonds through BB&T Investment Services, Inc. The segment also includes BB&T Securities, a full-service brokerage and investment banking firm, the Corporate Banking Division, which originates and services large corporate relationships, syndicated lending relationships and client derivatives, and BB&T Capital Partners, which manages the company’s private equity investments.

Financial Services net income was $66 million in the first quarter of 2015, a decrease of $13 million compared to the prior quarter. Noninterest income decreased $19 million as the result of lower capital market activity. The allocated provision for credit losses increased $6 million as the result of portfolio mix and a stabilization in the rate of improvement in credit trends in the Corporate Banking loan portfolio. Noninterest expense decreased $10 million compared to the prior quarter, driven by lower incentive expense and operating charge-offs.

Financial Services generated significant loan growth, with Corporate Banking’s average loan balances increasing $837 million, or an annualized 34.0%, over the prior quarter, while BB&T Wealth’s average loan balances increased $80 million, or 25.6% on an annualized basis. Excluding certain commercial deposit accounts that were assigned to Wealth in the current quarter, average deposits grew $736 million, or 23.9% annualized.

Other, Treasury & Corporate

Net income in Other, Treasury & Corporate can vary due to the changing needs of the Corporation, including the size of the investment portfolio, the need for wholesale funding and income received from derivatives used to hedge the balance sheet.

In the first quarter of 2015, Other, Treasury & Corporate generated net income of $35 million, an increase of $7 million over the prior quarter. Segment net interest income increased $7 million, driven by lower funding credits on deposits allocated to other segments. Noninterest income increased $20 million, primarily due to higher intercompany income and FDIC loss share income. Noninterest expense increased $22 million, primarily due to the previously discussed $15 million benefit for anticipated state franchise tax refunds in the prior quarter and higher fringe benefit expense, partially offset by lower incentive expense.

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First Quarter 2015 compared to First Quarter 2014

Community Banking

Community Banking net income was $210 million for the first quarter of 2015, a decrease of $5 million compared to the earlier quarter. Segment net interest income decreased $14 million, primarily driven by lower rates on new loans and lower funding spreads on deposits, partially offset by growth in commercial real estate and direct retail loans. Noninterest income decreased $8 million, primarily due to lower service charges on deposits, international factoring commissions and letter of credit fees. The allocated provision for credit losses decreased $3 million as the result of lower commercial and retail loan net charge-offs. Noninterest expense decreased $11 million driven by lower personnel, professional services, regulatory and loan processing expense, partially offset by higher franchise taxes.

Residential Mortgage Banking

Residential Mortgage Banking net income was $64 million for the first quarter of 2015, an increase of $1 million over the earlier quarter. Segment net interest income decreased $18 million, primarily the result of strategic loan sales during 2014, lower rates on new loans and a current strategy of selling substantially all conforming mortgage loan production. Noninterest income increased $24 million, driven by higher gains on residential mortgage loan production and sales and an increase in net mortgage servicing rights valuation adjustments. The allocated provision for credit losses reflected a benefit of $12 million in the first quarter of 2015, compared to a benefit of $20 million in the earlier quarter, primarily due to a moderation in the rate of improvement in loss severity trends. Noninterest expense decreased $6 million, driven by lower loan processing and personnel expense.

Dealer Financial Services

Dealer Financial Services net income was $43 million for the first quarter of 2015, an increase of $8 million over the earlier quarter. Segment net interest income increased $11 million, primarily driven by growth in the Dealer Finance and Regional Acceptance loan portfolios and the inclusion of dealer floor plan loans in the segment during the current quarter. The allocated provision for credit losses decreased $9 million, primarily due to lower charge-offs related to the non-prime automobile loan portfolio.

Specialized Lending

Specialized Lending net income was $57 million for the first quarter of 2015, a decrease of $2 million compared to the earlier quarter. Noninterest income increased $15 million, driven by higher commercial mortgage and operating lease income. The allocated provision for credit losses increased $10 million as the rate of improvement in credit trends has stabilized and the commercial finance loan portfolio experienced higher charge-offs. Noninterest expense increased $8 million, primarily due to higher personnel expense, depreciation of property under operating leases and operating charge-offs.

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Insurance Services

Insurance Services net income was $72 million in the first quarter of 2015, a decrease of $3 million compared to the earlier quarter. Insurance Service’s noninterest income increased $11 million, which primarily reflects higher new and renewal commercial property and casualty insurance business and higher employee benefit commissions. Allocated corporate expenses increased $8 million primarily due to the centralization of certain corporate support functions during mid-2014. The resulting decrease in salary expense was partially offset by higher incentive and fringe benefit expense.

Financial Services

Financial Services net income was $66 million in the first quarter of 2015, a decrease of $1 million compared to the earlier quarter. Segment net interest income increased $16 million, driven by Corporate Banking and BB&T Wealth loan and deposit growth. Noninterest income increased $21 million as the result of higher investment commissions, investment banking revenue and income from private equity investments. The allocated provision for credit losses increased $24 million as the result of portfolio mix and a stabilization in the rate of improvement in credit trends in the Corporate Banking portfolio. Noninterest expense increased $15 million compared to the earlier quarter, driven by higher incentive expense.

Other, Treasury & Corporate

Other, Treasury & Corporate net income was $35 million, a decrease of $24 million compared to the earlier quarter. Segment net interest income decreased $33 million driven by runoff in loans acquired from the FDIC. Noninterest income increased $8 million, primarily due to higher FDIC loss share income. The allocated provision for credit losses reflected a benefit of $9 million in the first quarter of 2015, compared to a benefit of $18 million in the earlier quarter, primarily due to a release in the reserve for unfunded lending commitments in the earlier period driven by improvements related to the mix of lines of credit, letters of credit, and bankers’ acceptances. Noninterest expense increased $31 million, primarily due to higher salary, employee insurance, and pension expense and merger-related charges. Allocated corporate expense decreased by $19 million compared to the earlier quarter as the result of higher expense allocations to the other segments related to internal business initiatives and the continued centralization of certain support functions into the respective corporate centers.

CAPITAL RATIOS (1)
		Basel III	Basel I
		Q1	Q4	Q3	Q2	Q1
		2015	2014	2014	2014	2014
Risk-based:
	Common equity Tier 1 (%)	10.5	N/A	N/A	N/A	N/A
	Tier 1 (%)	12.2	12.4	12.4	12.1	12.1
	Total (%)	14.5	14.9	15.1	14.4	14.6
Leverage (%)		10.1	9.9	9.7	9.5	9.5
Tangible common equity to tangible assets (%) (2)		8.0	8.0	7.9	7.7	7.6

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(1)

Regulatory capital ratios are preliminary.

(2)

Tangible common equity and related ratios are non-GAAP measures. See the calculations and management's reasons for using these measures in the Capital Information – Five Quarter Trend of the Quarterly Performance Summary.

Capital levels remained strong at March 31, 2015. BB&T declared total common dividends of $0.24 during the first quarter of 2015, which resulted in a dividend payout ratio of 35.3%. Risk-based capital ratios were down slightly from the prior quarter as higher levels of capital were offset by increased risk-weighted assets. Risk-weighted assets increased primarily due to higher risk-weights associated with Basel III.

BB&T’s estimated common equity Tier 1 ratio under Basel III, on a fully-phased in basis, was approximately 10.3% at both March 31, 2015 and December 31, 2014.

BB&T’s liquidity coverage ratio was approximately 130% at March 31, 2015, compared to the regulatory minimum of 90%. In addition, the liquid asset buffer, which is defined as high quality unencumbered liquid assets as a percentage of total assets, was 13.7% at March 31, 2015.

ASSET QUALITY (1)								Change		Change
(dollars in millions)		Q1		Q4		Q1		Q1 15 vs.		Q1 15 vs.
		2015		2014		2014		Q4 14		Q1 14
Total nonperforming assets		$	765	$	782	$	1,084	$	(17)	$	(319)
Total loans 90 days past due and still accruing			392		535		666		(143)		(274)
Total loans 30-89 days past due			759		896		935		(137)		(176)
Total performing TDRs			996		1,050		1,664		(54)		(668)

Nonperforming loans and leases as a percentage of
	loans and leases held for investment (%)		0.50		0.51		0.78		(0.01)		(0.28)
Nonperforming assets as a percentage of total assets (%)			0.40		0.42		0.59		(0.02)		(0.19)
Allowance for loan and lease losses as a percentage of
	loans and leases held for investment (%)		1.22		1.23		1.41		(0.01)		(0.19)
Net charge-offs as a percentage of average loans and
	leases (%) annualized		0.34		0.39		0.56		(0.05)		(0.22)
Ratio of allowance for loan and lease losses to net
	charge-offs (times) annualized		3.60		3.21		2.54		0.39		1.06
Ratio of allowance for loan and lease losses to
	nonperforming loans and leases held for
	investment (times)		2.45		2.39		1.82		0.06		0.63

(1)

Excludes amounts related to government guaranteed GNMA mortgage loans that BB&T has the right but not the obligation to repurchase. See footnotes on the Credit Quality pages of the Quarterly Performance Summary for additional information.

Nonperforming assets decreased $17 million, or 2.2%, during the quarter ended March 31, 2015. At March 31, 2015, nonperforming loans and leases represented 0.50% of loans and leases held for investment, compared to 0.51% at December 31, 2014.

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Loans 30-89 days past due and still accruing, excluding government guaranteed GNMA mortgage loans that BB&T has the right but not the obligation to repurchase, totaled $759 million at March 31, 2015, a decrease of $137 million compared to the prior quarter. This includes a decline of $86 million for other lending subsidiaries driven by seasonality and a decline of $48 million for residential mortgage, which reflects improved credit quality and the lower balances in that portfolio.

Loans 90 days or more past due and still accruing totaled $392 million at March 31, 2015, a decrease of $143 million compared to the prior quarter. This includes a $105 million decrease in residential mortgage balances, which reflects improved credit quality and lower average balances. Delinquencies on loans acquired from the FDIC declined $34 million, primarily due to continued runoff of those balances. Excluding loans acquired from the FDIC, the ratio of loans 90 days or more past due and still accruing as a percentage of loans and leases was 0.20% at March 31, 2015, a decline of nine basis points compared to the prior quarter.

Total performing TDRs were $996 million at March 31, 2015, a decrease of $54 million compared to December 31, 2014. This decline reflects broad-based improvement in credit quality.

Net charge-offs during the first quarter totaled $101 million, a decline of $15 million compared to the prior quarter. This decline is primarily due to net charge-offs on loans acquired from the FDIC in the earlier quarter. As a percentage of average loans and leases, annualized net charge-offs were 0.34%, compared to 0.39% in the prior quarter.

The allowance for loan and lease losses, excluding the allowance for loans acquired from the FDIC was $1.4 billion, essentially flat compared to the prior quarter. The allowance for loans acquired from the FDIC was $57 million, down $7 million. As of March 31, 2015, the total allowance for loan and lease losses was 1.22% of total loans and leases held for investment, compared to 1.23% at December 31, 2014. The allowance for loan and lease losses was 2.45 times nonperforming loans and leases held for investment, compared to 2.39 times at December 31, 2014. At March 31, 2015, the allowance for loan and lease losses was 3.60 times annualized net charge-offs, compared to 3.21 times at December 31, 2014.

Earnings presentation and Quarterly Performance Summary

To listen to BB&T’s live first quarter 2015 earnings conference call at 8 a.m. (ET) today, please call 1-888-632-5009 and enter the participant code 5184622. A presentation will be used during the earnings conference call and is available on our website at www.bbt.com. Replays of the conference call will be available for 30 days by dialing 888-203-1112 (access code 4313363).

The presentation, including an appendix reconciling non-GAAP disclosures, is available at www.bbt.com.

BB&T’s first quarter 2015 Quarterly Performance Summary, which contains detailed financial schedules, is available on BB&T’s website at www.bbt.com.

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About BB&T

As of March 31, 2015, BB&T is one of the largest financial services holding companies in the U.S. with $189.2 billion in assets and market capitalization of $28.2 billion. Based in Winston-Salem, N.C., the company operates 1,875 financial centers in 12 states and Washington, D.C., and offers a full range of consumer and commercial banking, securities brokerage, asset management, mortgage and insurance products and services. A Fortune 500 company, BB&T is consistently recognized for outstanding client satisfaction by the U.S. Small Business Administration, Greenwich Associates and others. More information about BB&T and its full line of products and services is available at www.bbt.com.

#-#-#

Capital ratios are preliminary. Credit quality data excludes government guaranteed GNMA loans where applicable.

This news release contains financial information and performance measures determined by methods other than in accordance with accounting principles generally accepted in the United States of America (“GAAP”). BB&T’s management uses these “non-GAAP” measures in their analysis of the Corporation’s performance and the efficiency of its operations. Management believes that these non-GAAP measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods as well as demonstrating the effects of significant gains and charges in the current period. The company believes that a meaningful analysis of its financial performance requires an understanding of the factors underlying that performance. BB&T’s management believes that investors may use these non-GAAP financial measures to analyze financial performance without the impact of unusual items that may obscure trends in the company’s underlying performance. These disclosures should not be viewed as a substitute for financial measures determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. Below is a listing of the types of non-GAAP measures used in this news release:

Tangible common equity and related ratios are non-GAAP measures. The return on average risk-weighted assets is a non-GAAP measure. BB&T's management uses these measures to assess the quality of capital and believes that investors may find them useful in their analysis of the Corporation.

The ratio of loans greater than 90 days and still accruing interest as a percentage of loans held for investment has been adjusted to remove the impact of loans that are or were covered by FDIC loss sharing agreements. Management believes that their inclusion may result in distortion of these ratios such that they might not be comparable to other periods presented or to other portfolios that were not impacted by purchase accounting.

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Fee income and efficiency ratios are non-GAAP in that they exclude securities gains (losses), foreclosed property expense, amortization of intangible assets, merger-related and restructuring charges, the impact of FDIC loss share accounting and other selected items. BB&T’s management uses these measures in their analysis of the Corporation’s performance. BB&T’s management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods, as well as demonstrating the effects of significant gains and charges.

Return on average tangible common shareholders’ equity is a non-GAAP measure that calculates the return on average common shareholders’ equity without the impact of intangible assets and their related amortization. This measure is useful for evaluating the performance of a business consistently, whether acquired or developed internally.

Core net interest margin is a non-GAAP measure that adjusts net interest margin to exclude the impact of interest income and funding costs associated with loans and securities acquired in the Colonial acquisition. BB&T’s management believes that the exclusion of the generally higher yielding assets acquired in the Colonial acquisition from the calculation of net interest margin provides investors with useful information related to the relative performance of the remainder of BB&T’s earning assets.

A reconciliation of these non-GAAP measures to the most directly comparable GAAP measure is included in BB&T’s First Quarter 2015 Quarterly Performance Summary, which is available on BB&T’s website at www.bbt.com.

This news release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, regarding the financial condition, results of operations, business plans and the future performance of BB&T that are based on the beliefs and assumptions of the management of BB&T and the information available to management at the time that these disclosures were prepared. Words such as “anticipates,” “believes,” “estimates,” “expects,” “forecasts,” “intends,” “plans,” “projects,” “may,” “will,” “should,” “could,” and other similar expressions are intended to identify these forward-looking statements. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. Such factors include, but are not limited to, the following:

general economic or business conditions, either nationally or regionally, may be less favorable than expected, resulting in, among other things, a deterioration in credit quality and/or a reduced demand for credit, insurance or other services;

disruptions to the credit and financial markets, either nationally or globally, including the impact of a downgrade of U.S. government obligations by one of the credit ratings agencies and the adverse effects of recessionary conditions in Europe;

changes in the interest rate environment and cash flow reassessments may reduce NIM and/or the volumes and values of loans made or held as well as the value of other financial assets held;

competitive pressures among depository and other financial institutions may increase significantly;

legislative, regulatory or accounting changes, including changes resulting from the adoption and implementation of the Dodd-Frank Act may adversely affect the businesses in which BB&T is engaged;

- 19 -

local, state or federal taxing authorities may take tax positions that are adverse to BB&T;

a reduction may occur in BB&T’s credit ratings;

adverse changes may occur in the securities markets;

competitors of BB&T may have greater financial resources and develop products that enable them to compete more successfully than BB&T and may be subject to different regulatory standards than BB&T;

natural or other disasters could have an adverse effect on BB&T in that such events could materially disrupt BB&T’s operations or the ability or willingness of BB&T’s customers to access the financial services BB&T offers;

costs or difficulties related to the integration of the businesses of BB&T and its merger partners may be greater than expected;

expected cost savings or revenue growth associated with completed mergers and acquisitions may not be fully realized or realized within the expected time frames;

significant litigation could have a material adverse effect on BB&T;

deposit attrition, customer loss and/or revenue loss following completed mergers and acquisitions may be greater than expected;

cyber-security risks, including “denial of service,” “hacking” and “identity theft,” could adversely affect BB&T’s business, financial performance, or reputation;

failure to implement part or all of the Company’s new ERP system could result in impairment charges that adversely impact BB&T’s financial condition and results of operations and could result in significant additional costs to BB&T; and

failure to execute on the Company’s strategic or operational plans, including the ability to successfully complete and/or integrate mergers and acquisitions, could adversely impact BB&T’s financial condition and results of operations.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this report. Actual results may differ materially from those expressed in or implied by any forward-looking statement. Except to the extent required by applicable law or regulation, BB&T undertakes no obligation to revise or update publicly any forward-looking statements for any reason.

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Exhibit 99.2

BB&T Corporation

Quarterly Performance Summary

First Quarter 2015

BB&T Corporation
Quarterly Performance Summary
Table of Contents




		Page
Financial Highlights		1
Financial Highlights - Five Quarter Trend		2
Consolidated Statements of Income		3
Consolidated Statements of Income - Five Quarter Trend		4
Lines of Business Financial Performance - Five Quarter Trend		5
Consolidated Balance Sheets		7
Consolidated Balance Sheets - Five Quarter Trend		8
Average Balance Sheets		9
Average Balance Sheets - Five Quarter Trend		10
Average Balances and Rates - Quarters		11
Credit Quality		13
Credit Quality - Supplemental Information		16
Preliminary Capital Information - Five Quarter Trend		17
Selected Items & Additional Information		18
Non-GAAP Reconciliations		19

BB&T Corporation
Financial Highlights
(Dollars in millions, except per share data, shares in thousands)
		Quarter Ended
		March 31,						%
		2015			2014			Change
Summary Income Statement
Interest income		$	1,528		$	1,582		(3.4)	%
Interest expense			181			199		(9.0)
	Net interest income - taxable equivalent		1,347			1,383		(2.6)
Less: Taxable-equivalent adjustment			35			36		(2.8)
	Net interest income		1,312			1,347		(2.6)
Provision for credit losses			99			60		65.0
	Net interest income after provision for credit losses		1,213			1,287		(5.7)
Noninterest income			997			927		7.6
Noninterest expense			1,422			1,385		2.7
Income before income taxes			788			829		(4.9)
Provision for income taxes			241			256		(5.9)
	Net income		547			573		(4.5)
Noncontrolling interests			22			40		(45.0)
Preferred stock dividends			37			37		―
	Net income available to common shareholders		488			496		(1.6)
Per Common Share Data
Earnings:
	Basic	$	0.68		$	0.70		(2.9)	%
	Diluted		0.67			0.68		(1.5)
Cash dividends declared			0.24			0.23		4.3
Common equity			30.48			28.98		5.2
Tangible common equity (1)			20.13			18.73		7.5

End of period shares outstanding			723,159			718,497		0.6
Weighted average shares:
	Basic		721,639			712,842		1.2
	Diluted		731,511			724,283		1.0
Performance Ratios
Return on average assets			1.18	%		1.27	%
Return on average risk-weighted assets			1.48			1.69
Return on average common shareholders' equity			9.05			9.77
Return on average tangible common shareholders' equity (2)			14.00			15.68
Net interest margin - taxable equivalent			3.33			3.52
Fee income ratio (3)			45.8			43.6
Efficiency ratio (3)			58.5			58.2
Credit Quality
Nonperforming assets as a percentage of:
	Total assets		0.40	%		0.59	%
	Loans and leases plus foreclosed property		0.64			0.93
Net charge-offs as a percentage of average
	loans and leases		0.34			0.56
Allowance for loan and lease losses as a percentage
	of loans and leases held for investment		1.22			1.41
Ratio of allowance for loan and lease losses to
	nonperforming loans and leases held for investment		2.45	X		1.82	X
Average Balances
Total assets		$	187,297		$	182,428		2.7	%
Total securities (4)			41,133			40,117		2.5
Loans and leases			120,235			116,372		3.3
Deposits			129,531			125,718		3.0
Common shareholders' equity			21,883			20,579		6.3
Shareholders' equity			24,566			23,233		5.7
Period-End Balances
Total assets		$	189,228		$	184,680		2.5	%
Total securities (4)			42,089			41,308		1.9
Loans and leases			122,027			117,632		3.7
Deposits			131,229			127,476		2.9
Common shareholders' equity			22,039			20,824		5.8
Shareholders' equity			24,738			23,521		5.2
Capital Ratios - Preliminary
Risk-based:		Basel III			Basel I
	Common equity Tier 1		10.5	%		N/A
	Tier 1		12.2			12.1	%
	Total		14.5			14.6
Leverage			10.1			9.5
Tangible common equity to tangible assets (1)			8.0			7.6
Applicable ratios are annualized. Risk-based and leverage capital ratios for the first quarter of 2015 are determined in accordance with the Basel III Standardized Transitional Approach, which became effective January 1, 2015. Prior period ratios were determined in accordance with Basel I.
(1)	Tangible common equity per share and tangible common equity to tangible assets ratios are non-GAAP measures. See the calculations and management's reasons for using these measures in the Capital Information - Five Quarter Trend section of this supplement.
(2)	Return on average tangible common shareholders' equity is a non-GAAP measure. See the calculation and management's reasons for using this measure in the Non-GAAP Reconciliations section of this supplement.
(3)	Excludes certain items as detailed in the Non-GAAP Reconciliations section of this supplement.
(4)	Excludes trading securities. Average balances reflect both AFS and HTM securities at amortized cost. Period-end balances reflect AFS securities at fair value and HTM securities at amortized cost.

Return to Table of Contents

BB&T Corporation
Financial Highlights - Five Quarter Trend
(Dollars in millions, except per share data, shares in thousands)

		Quarter Ended
		March 31			Dec. 31			Sept. 30			June 30			March 31
		2015			2014			2014			2014			2014
Summary Income Statement
Interest income		$	1,528		$	1,554		$	1,578		$	1,572		$	1,582
Interest expense			181			183			193			194			199
	Net interest income - taxable equivalent		1,347			1,371			1,385			1,378			1,383
Less: Taxable-equivalent adjustment			35			36			36			35			36
	Net interest income		1,312			1,335			1,349			1,343			1,347
Provision for credit losses			99			83			34			74			60
	Net interest income after provision for credit losses		1,213			1,252			1,315			1,269			1,287
Noninterest income			997			1,022			949			958			927
Noninterest expense			1,422			1,394			1,539			1,534			1,385
Income before income taxes			788			880			725			693			829
Provision for income taxes			241			277			172			216			256
	Net income		547			603			553			477			573
Noncontrolling interests			22			15			4			16			40
Preferred stock dividends			37			37			37			37			37
	Net income available to common shareholders		488			551			512			424			496
Per Common Share Data
Earnings:
	Basic	$	0.68		$	0.77		$	0.71		$	0.59		$	0.70
	Diluted		0.67			0.75			0.70			0.58			0.68
Cash dividends declared			0.24			0.24			0.24			0.24			0.23
Common equity			30.48			30.09			29.98			29.52			28.98
Tangible common equity (1)			20.13			19.86			19.71			19.21			18.73

End of period shares outstanding (in thousands)			723,159			720,698			720,298			719,584			718,497
Weighted average shares (in thousands):
	Basic		721,639			720,418			720,117			719,080			712,842
	Diluted		731,511			730,652			729,989			728,452			724,283
Performance Ratios
Return on average assets			1.18	%		1.28	%		1.18	%		1.04	%		1.27	%
Return on average risk-weighted assets			1.48			1.68			1.56			1.38			1.69
Return on average common shareholders' equity			9.05			9.99			9.45			8.04			9.77
Return on average tangible common shareholders' equity (2)			14.00			15.45			14.83			12.77			15.68
Net interest margin - taxable equivalent			3.33			3.36			3.38			3.43			3.52
Fee income ratio (3)			45.8			46.2			44.3			44.7			43.6
Efficiency ratio (3)			58.5			55.6			58.7			58.4			58.2
Credit Quality
Nonperforming assets as a percentage of:
	Total assets		0.40	%		0.42	%		0.50	%		0.52	%		0.59	%
	Loans and leases plus foreclosed property		0.64			0.65			0.79			0.81			0.93
Net charge-offs as a percentage of average
	loans and leases		0.34			0.39			0.48			0.41			0.56
Allowance for loan and lease losses as a percentage
	of loans and leases held for investment		1.22			1.23			1.27			1.33			1.41
Ratio of allowance for loan and lease losses to
	nonperforming loans and leases held for investment		2.45	X		2.39	X		1.92	X		1.89	X		1.82	X
Average Balances
Total assets		$	187,297		$	186,462		$	186,339		$	185,094		$	182,428
Total securities (4)			41,133			40,817			40,566			40,656			40,117
Loans and leases			120,235			119,912			120,471			118,510			116,372
Deposits			129,531			130,315			130,608			129,599			125,718
Common shareholders' equity			21,883			21,895			21,471			21,159			20,579
Total shareholders' equity			24,566			24,574			24,151			23,841			23,233
Period-End Balances
Total assets		$	189,228		$	186,834		$	187,045		$	188,043		$	184,680
Total securities (4)			42,089			41,147			41,891			41,368			41,308
Loans and leases			122,027			121,307			120,690			121,215			117,632
Deposits			131,229			129,040			130,895			131,586			127,476
Common shareholders' equity			22,039			21,686			21,592			21,243			20,824
Shareholders' equity			24,738			24,377			24,271			23,931			23,521
Capital Ratios - Preliminary
Risk-based:		Basel III			Basel I
	Common equity Tier 1		10.5	%		N/A			N/A			N/A			N/A
	Tier 1		12.2			12.4	%		12.4	%		12.1	%		12.1	%
	Total		14.5			14.9			15.1			14.4			14.6
Leverage			10.1			9.9			9.7			9.5			9.5
Tangible common equity to tangible assets (1)			8.0			8.0			7.9			7.7			7.6
Applicable ratios are annualized. Risk-based and leverage capital ratios for the first quarter of 2015 are determined in accordance with the Basel III Standardized Transitional Approach, which became effective January 1, 2015. Prior period ratios were determined in accordance with Basel I.
(1)	Tangible common equity per share and tangible common equity to tangible assets ratios are non-GAAP measures. See the calculations and management's reasons for using these measures in the Capital Information - Five Quarter Trend section of this supplement.
(2)	Return on average tangible common shareholders' equity is a non-GAAP measure. See the calculation and management's reasons for using this measure in the Non-GAAP Reconciliations section of this supplement.
(3)	Excludes certain items as detailed in the Non-GAAP Reconciliations section of this supplement.
(4)	Excludes trading securities. Average balances reflect both AFS and HTM securities at amortized cost. Period-end balances reflect AFS securities at fair value and HTM securities at amortized cost.

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BB&T Corporation
Consolidated Statements of Income
(Dollars in millions, except per share data, shares in thousands)

			Quarter Ended
			March 31				Change
			2015		2014		$		%
Interest Income
	Interest and fees on loans and leases		$	1,237	$	1,295	$	(58)	(4.5)	%
	Interest and dividends on securities			240		236		4	1.7
	Interest on other earning assets			16		15		1	6.7
		Total interest income		1,493		1,546		(53)	(3.4)
Interest Expense
	Interest on deposits			55		60		(5)	(8.3)
	Interest on short-term borrowings			1		1		―	―
	Interest on long-term debt			125		138		(13)	(9.4)
		Total interest expense		181		199		(18)	(9.0)
Net interest income				1,312		1,347		(35)	(2.6)
	Provision for credit losses			99		60		39	65.0
Net interest income after provision for credit losses				1,213		1,287		(74)	(5.7)
Noninterest income
	Insurance income			440		427		13	3.0
	Service charges on deposits			145		150		(5)	(3.3)
	Mortgage banking income			110		74		36	48.6
	Investment banking and brokerage fees and commissions			94		88		6	6.8
	Bankcard fees and merchant discounts			50		46		4	8.7
	Trust and investment advisory revenues			56		54		2	3.7
	Checkcard fees			39		38		1	2.6
	Income from bank-owned life insurance			30		27		3	11.1
	FDIC loss share income, net			(79)		(84)		5	(6.0)
	Securities gains (losses), net			―		2		(2)	(100.0)
	Other income			112		105		7	6.7
		Total noninterest income		997		927		70	7.6
Noninterest Expense
	Personnel expense			830		782		48	6.1
	Occupancy and equipment expense			167		176		(9)	(5.1)
	Loan-related expense			38		51		(13)	(25.5)
	Software expense			44		43		1	2.3
	Professional services			24		33		(9)	(27.3)
	Outside IT services			30		27		3	11.1
	Regulatory charges			23		29		(6)	(20.7)
	Amortization of intangibles			21		23		(2)	(8.7)
	Foreclosed property expense			13		9		4	44.4
	Merger-related and restructuring charges, net			13		8		5	62.5
	Other expense			219		204		15	7.4
		Total noninterest expense		1,422		1,385		37	2.7
Earnings
	Income before income taxes			788		829		(41)	(4.9)
	Provision for income taxes			241		256		(15)	(5.9)
		Net Income		547		573		(26)	(4.5)
	Noncontrolling interests			22		40		(18)	(45.0)
	Preferred stock dividends			37		37		―	―
		Net income available to common shareholders	$	488	$	496	$	(8)	(1.6)	%

Earnings Per Common Share
		Basic	$	0.68	$	0.70	$	(0.02)	(2.9)	%
		Diluted		0.67		0.68		(0.01)	(1.5)

Weighted Average Shares Outstanding
		Basic		721,639		712,842		8,797	1.2
		Diluted		731,511		724,283		7,228	1.0

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BB&T Corporation
Consolidated Statements of Income - Five Quarter Trend
(Dollars in millions, except per share data, shares in thousands)

			Quarter Ended
			March 31		Dec. 31		Sept. 30		June 30		March 31
			2015		2014		2014		2014		2014
Interest Income
	Interest and fees on loans and leases		$	1,237	$	1,272	$	1,301	$	1,295	$	1,295
	Interest and dividends on securities			240		237		232		234		236
	Interest on other earning assets			16		9		8		8		15
		Total interest income		1,493		1,518		1,541		1,537		1,546
Interest Expense
	Interest on deposits			55		58		61		60		60
	Interest on short-term borrowings			1		1		1		1		1
	Interest on long-term debt			125		124		130		133		138
		Total interest expense		181		183		192		194		199
Net interest income				1,312		1,335		1,349		1,343		1,347
	Provision for credit losses			99		83		34		74		60
Net interest income after provision for credit losses				1,213		1,252		1,315		1,269		1,287
Noninterest income
	Insurance income			440		409		385		422		427
	Service charges on deposits			145		160		164		158		150
	Mortgage banking income			110		128		107		86		74
	Investment banking and brokerage fees and commissions			94		112		95		92		88
	Bankcard fees and merchant discounts			50		52		55		54		46
	Trust and investment advisory revenues			56		56		56		55		54
	Checkcard fees			39		42		42		42		38
	Income from bank-owned life insurance			30		30		28		25		27
	FDIC loss share income, net			(79)		(84)		(87)		(88)		(84)
	Securities gains (losses), net			―		―		(5)		―		2
	Other income			112		117		109		112		105
		Total noninterest income		997		1,022		949		958		927
Noninterest Expense
	Personnel expense			830		794		795		809		782
	Occupancy and equipment expense			167		168		170		168		176
	Loan-related expense			38		71		65		80		51
	Software expense			44		45		44		42		43
	Professional services			24		38		34		34		33
	Outside IT services			30		27		30		31		27
	Regulatory charges			23		24		23		30		29
	Amortization of intangibles			21		22		23		23		23
	Foreclosed property expense			13		10		11		10		9
	Merger-related and restructuring charges, net			13		18		7		13		8
	Loss on early extinguishment of debt			―		―		122		―		―
	Other expense			219		177		215		294		204
		Total noninterest expense		1,422		1,394		1,539		1,534		1,385
Earnings
	Income before income taxes			788		880		725		693		829
	Provision for income taxes			241		277		172		216		256
		Net Income		547		603		553		477		573
	Noncontrolling interests			22		15		4		16		40
	Preferred stock dividends			37		37		37		37		37
		Net income available to common shareholders	$	488	$	551	$	512	$	424	$	496

Earnings Per Common Share
		Basic	$	0.68	$	0.77	$	0.71	$	0.59	$	0.70
		Diluted		0.67		0.75		0.70		0.58		0.68

Weighted Average Shares Outstanding
		Basic		721,639		720,418		720,117		719,080		712,842
		Diluted		731,511		730,652		729,989		728,452		724,283

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BB&T Corporation
Lines of Business Financial Performance - Five Quarter Trend (1)(2)
(Dollars in millions)
			Quarter Ended
Community Banking			March 31		Dec. 31		Sept. 30		June 30		March 31
			2015		2014		2014		2014		2014
Net interest income (expense)			$	426	$	435	$	437	$	430	$	424
Net intersegment interest income (expense)				283		295		296		298		299
	Segment net interest income			709		730		733		728		723
Allocated provision (benefit) for credit losses				13		20		52		35		16
Noninterest income				270		295		307		300		278
Intersegment net referral fees (expense)				30		32		31		28		27
Noninterest expense				369		348		367		383		380
Amortization of intangibles				6		6		7		8		8
Allocated corporate expenses				291		287		286		285		285
	Income (loss) before income taxes			330		396		359		345		339
	Provision (benefit) for income taxes			120		145		131		126		124
		Segment net income (loss)	$	210	$	251	$	228	$	219	$	215

Identifiable assets (period end)			$	55,277	$	55,495	$	55,115	$	54,709	$	55,290


			Quarter Ended
Residential Mortgage Banking			March 31		Dec. 31		Sept. 30		June 30		March 31
			2015		2014		2014		2014		2014
Net interest income (expense)			$	341	$	357	$	372	$	375	$	378
Net intersegment interest income (expense)				(232)		(237)		(246)		(250)		(251)
	Segment net interest income			109		120		126		125		127
Allocated provision (benefit) for credit losses				(12)		(38)		(48)		(1)		(20)
Noninterest income				84		100		82		68		60
Intersegment net referral fees (expense)				―		1		―		―		1
Noninterest expense				80		105		107		206		86
Amortization of intangibles				―		―		―		―		―
Allocated corporate expenses				22		22		21		21		21
	Income (loss) before income taxes			103		132		128		(33)		101
	Provision (benefit) for income taxes			39		50		48		(12)		38
		Segment net income (loss)	$	64	$	82	$	80	$	(21)	$	63

Identifiable assets (period end)			$	34,323	$	34,463	$	35,778	$	36,448	$	36,050


			Quarter Ended
Dealer Financial Services			March 31		Dec. 31		Sept. 30		June 30		March 31
			2015		2014		2014		2014		2014
Net interest income (expense)			$	217	$	214	$	212	$	207	$	202
Net intersegment interest income (expense)				(42)		(42)		(41)		(39)		(38)
	Segment net interest income			175		172		171		168		164
Allocated provision (benefit) for credit losses				64		80		53		31		73
Noninterest income				―		1		―		―		1
Intersegment net referral fees (expense)				―		―		―		―		―
Noninterest expense				32		31		28		28		29
Amortization of intangibles				―		―		―		―		―
Allocated corporate expenses				9		7		8		7		7
	Income (loss) before income taxes			70		55		82		102		56
	Provision (benefit) for income taxes			27		21		31		39		21
		Segment net income (loss)	$	43	$	34	$	51	$	63	$	35

Identifiable assets (period end)			$	14,012	$	12,821	$	12,514	$	12,513	$	11,823


			Quarter Ended
Specialized Lending			March 31		Dec. 31		Sept. 30		June 30		March 31
			2015		2014		2014		2014		2014
Net interest income (expense)			$	147	$	148	$	149	$	143	$	138
Net intersegment interest income (expense)				(42)		(40)		(38)		(34)		(34)
	Segment net interest income			105		108		111		109		104
Allocated provision (benefit) for credit losses				19		13		4		13		9
Noninterest income				64		69		63		51		49
Intersegment net referral fees (expense)				―		―		―		―		―
Noninterest expense				59		60		56		52		51
Amortization of intangibles				1		2		1		1		1
Allocated corporate expenses				15		15		15		15		14
	Income (loss) before income taxes			75		87		98		79		78
	Provision (benefit) for income taxes			18		23		27		19		19
		Segment net income (loss)	$	57	$	64	$	71	$	60	$	59

Identifiable assets (period end)			$	18,661	$	18,218	$	17,536	$	17,666	$	16,146
(1)	Lines of business results are preliminary.
(2)	During the first quarter of 2014, approximately $8.3 billion of home equity loans were transferred from Community Banking to Residential Mortgage Banking based on a change in how these loans will be managed as a result of new qualified mortgage regulations. Prior period segment data has been reclassified to conform to the current presentation.

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BB&T Corporation
Lines of Business Financial Performance - Five Quarter Trend (1)(2)
(Dollars in millions)
			Quarter Ended
Insurance Services			March 31		Dec. 31		Sept. 30		June 30		March 31
			2015		2014		2014		2014		2014
Net interest income (expense)			$	1	$	1	$	―	$	1	$	―
Net intersegment interest income (expense)				2		2		1		2		1
	Segment net interest income			3		3		1		3		1
Allocated provision (benefit) for credit losses				―		―		―		―		―
Noninterest income				442		421		387		424		431
Intersegment net referral fees (expense)				―		―		―		―		―
Noninterest expense				302		281		297		308		303
Amortization of intangibles				12		13		13		14		13
Allocated corporate expenses				25		29		21		19		17
	Income (loss) before income taxes			106		101		57		86		99
	Provision (benefit) for income taxes			34		36		21		29		24
		Segment net income (loss)	$	72	$	65	$	36	$	57	$	75

Identifiable assets (period end)			$	2,811	$	2,965	$	2,736	$	3,015	$	3,070


			Quarter Ended
Financial Services			March 31		Dec. 31		Sept. 30		June 30		March 31
			2015		2014		2014		2014		2014
Net interest income (expense)			$	49	$	50	$	46	$	45	$	42
Net intersegment interest income (expense)				72		69		66		64		63
	Segment net interest income			121		119		112		109		105
Allocated provision (benefit) for credit losses				24		18		4		3		―
Noninterest income				199		218		186		189		178
Intersegment net referral fees (expense)				5		10		6		4		4
Noninterest expense				163		173		158		163		148
Amortization of intangibles				1		―		1		―		1
Allocated corporate expenses				31		29		30		30		30
	Income (loss) before income taxes			106		127		111		106		108
	Provision (benefit) for income taxes			40		48		42		39		41
		Segment net income (loss)	$	66	$	79	$	69	$	67	$	67

Identifiable assets (period end)			$	14,012	$	12,849	$	12,033	$	11,972	$	10,883


			Quarter Ended
Other, Treasury & Corporate (3)			March 31		Dec. 31		Sept. 30		June 30		March 31
			2015		2014		2014		2014		2014
Net interest income (expense)			$	131	$	130	$	133	$	142	$	163
Net intersegment interest income (expense)				(41)		(47)		(38)		(41)		(40)
	Segment net interest income			90		83		95		101		123
Allocated provision (benefit) for credit losses				(9)		(10)		(31)		(7)		(18)
Noninterest income				(62)		(82)		(76)		(74)		(70)
Intersegment net referral fees (expense)				(35)		(43)		(37)		(32)		(32)
Noninterest expense				396		374		503		371		365
Amortization of intangibles				1		1		1		―		―
Allocated corporate expenses				(393)		(389)		(381)		(377)		(374)
	Income (loss) before income taxes			(2)		(18)		(110)		8		48
	Provision (benefit) for income taxes			(37)		(46)		(128)		(24)		(11)
		Segment net income (loss)	$	35	$	28	$	18	$	32	$	59

Identifiable assets (period end)			$	50,132	$	50,023	$	51,333	$	51,720	$	51,418


			Quarter Ended
Total BB&T Corporation			March 31		Dec. 31		Sept. 30		June 30		March 31
			2015		2014		2014		2014		2014
Net interest income (expense)			$	1,312	$	1,335	$	1,349	$	1,343	$	1,347
Net intersegment interest income (expense)				―		―		―		―		―
	Segment net interest income			1,312		1,335		1,349		1,343		1,347
Allocated provision (benefit) for credit losses				99		83		34		74		60
Noninterest income				997		1,022		949		958		927
Intersegment net referral fees (expense)				―		―		―		―		―
Noninterest expense				1,401		1,372		1,516		1,511		1,362
Amortization of intangibles				21		22		23		23		23
Allocated corporate expenses				―		―		―		―		―
	Income (loss) before income taxes			788		880		725		693		829
	Provision (benefit) for income taxes			241		277		172		216		256
		Segment net income (loss)	$	547	$	603	$	553	$	477	$	573

Identifiable assets (period end)			$	189,228	$	186,834	$	187,045	$	188,043	$	184,680
(1)	Lines of business results are preliminary.
(2)	During the first quarter of 2014, approximately $8.3 billion of home equity loans were transferred from Community Banking to Residential Mortgage Banking based on a change in how these loans will be managed as a result of new qualified mortgage regulations. Prior period segment data has been reclassified to conform to the current presentation.
(3)	Includes financial data from subsidiaries below the quantitative and qualitative thresholds requiring disclosure.

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BB&T Corporation
Consolidated Balance Sheets
(Dollars in millions)



				As of March 31				Change
				2015		2014		$		%
Assets
	Cash and due from banks			$	1,452	$	1,722	$	(270)	(15.7)	%
	Interest-bearing deposits with banks				325		354		(29)	(8.2)
	Federal funds sold and securities purchased under
		resale agreements or similar arrangements			222		144		78	54.2
	Restricted cash				513		363		150	41.3
	Securities available for sale at fair value				21,674		20,496		1,178	5.7
	Securities held to maturity				20,415		20,812		(397)	(1.9)
	Loans and leases:
		Commercial:
			Commercial and industrial		42,294		39,119		3,175	8.1
			Commercial real estate—income producing properties		10,719		10,411		308	3.0
			Commercial real estate—construction and development		2,655		2,478		177	7.1
		Direct retail lending			8,288		7,519		769	10.2
		Sales finance			10,613		9,759		854	8.8
		Revolving credit			2,390		2,340		50	2.1
		Residential mortgage			30,533		32,897		(2,364)	(7.2)
		Other lending subsidiaries			11,304		10,186		1,118	11.0
			Total loans and leases held for investment (excluding acquired from FDIC)		118,796		114,709		4,087	3.6
		Acquired from FDIC			1,110		1,819		(709)	(39.0)
			Total loans and leases held for investment		119,906		116,528		3,378	2.9
		Loans held for sale			2,121		1,104		1,017	92.1
			Total loans and leases		122,027		117,632		4,395	3.7
	Allowance for loan and lease losses				(1,464)		(1,642)		178	(10.8)
	Premises and equipment				1,879		1,854		25	1.3
	Goodwill				6,950		6,824		126	1.8
	Core deposit and other intangible assets				530		546		(16)	(2.9)
	Residential mortgage servicing rights at fair value				764		1,008		(244)	(24.2)
	Other assets				13,941		14,567		(626)	(4.3)
		Total assets		$	189,228	$	184,680	$	4,548	2.5	%
Liabilities and Shareholders' Equity
	Deposits:
		Noninterest-bearing deposits		$	41,414	$	36,322	$	5,092	14.0	%
		Interest checking			21,070		18,416		2,654	14.4
		Money market and savings			53,198		49,072		4,126	8.4
		Time deposits			15,547		23,666		(8,119)	(34.3)
			Total deposits		131,229		127,476		3,753	2.9
	Short-term borrowings				3,130		3,285		(155)	(4.7)
	Long-term debt				23,437		23,384		53	0.2
	Other liabilities				6,694		7,014		(320)	(4.6)
		Total liabilities			164,490		161,159		3,331	2.1
	Shareholders' equity:
		Preferred stock			2,603		2,603		―	―
		Common stock			3,616		3,592		24	0.7
		Additional paid-in capital			6,524		6,385		139	2.2
		Retained earnings			12,632		11,347		1,285	11.3
		Accumulated other comprehensive loss			(733)		(500)		(233)	46.6
		Noncontrolling interests			96		94		2	2.1
			Total shareholders' equity		24,738		23,521		1,217	5.2
			Total liabilities and shareholders' equity	$	189,228	$	184,680	$	4,548	2.5	%

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BB&T Corporation
Consolidated Balance Sheets - Five Quarter Trend
(Dollars in millions)

				As of
				March 31		Dec. 31		Sept. 30		June 30		March 31
				2015		2014		2014		2014		2014
Assets
	Cash and due from banks			$	1,452	$	1,639	$	1,439	$	1,718	$	1,722
	Interest-bearing deposits with banks				325		529		437		589		354
	Federal funds sold and securities purchased under
		resale agreements or similar arrangements			222		157		141		141		144
	Restricted cash				513		374		292		292		363
	Securities available for sale at fair value				21,674		20,907		21,174		20,936		20,496
	Securities held to maturity				20,415		20,240		20,717		20,432		20,812
	Loans and leases:
		Commercial:
			Commercial and industrial		42,294		41,454		40,048		40,318		39,119
			Commercial real estate—income producing properties		10,719		10,722		10,662		10,438		10,411
			Commercial real estate—construction and development		2,655		2,735		2,733		2,634		2,478
		Direct retail lending			8,288		8,146		8,042		7,797		7,519
		Sales finance			10,613		10,600		10,269		10,405		9,759
		Revolving credit			2,390		2,460		2,414		2,391		2,340
		Residential mortgage			30,533		31,090		31,813		32,800		32,897
		Other lending subsidiaries			11,304		11,462		11,283		11,087		10,186
			Total loans and leases held for investment (excluding acquired from FDIC)		118,796		118,669		117,264		117,870		114,709
		Acquired from FDIC			1,110		1,215		1,425		1,653		1,819
			Total loans and leases held for investment		119,906		119,884		118,689		119,523		116,528
		Loans held for sale			2,121		1,423		2,001		1,692		1,104
			Total loans and leases		122,027		121,307		120,690		121,215		117,632
	Allowance for loan and lease losses				(1,464)		(1,474)		(1,504)		(1,590)		(1,642)
	Premises and equipment				1,879		1,827		1,842		1,857		1,854
	Goodwill				6,950		6,869		6,869		6,868		6,824
	Core deposit and other intangible assets				530		505		527		552		546
	Residential mortgage servicing rights at fair value				764		844		943		954		1,008
	Other assets				13,941		13,110		13,478		14,079		14,567
		Total assets		$	189,228	$	186,834	$	187,045	$	188,043	$	184,680
Liabilities and Shareholders' Equity
	Deposits:
		Noninterest-bearing deposits		$	41,414	$	38,786	$	38,576	$	37,398	$	36,322
		Interest checking			21,070		20,262		18,640		18,557		18,416
		Money market and savings			53,198		50,604		50,845		49,191		49,072
		Time deposits			15,547		19,388		22,834		26,440		23,666
			Total deposits		131,229		129,040		130,895		131,586		127,476
	Short-term borrowings				3,130		3,717		3,385		3,979		3,285
	Long-term debt				23,437		23,312		22,355		21,927		23,384
	Other liabilities				6,694		6,388		6,139		6,620		7,014
		Total liabilities			164,490		162,457		162,774		164,112		161,159
	Shareholders' equity:
		Preferred stock			2,603		2,603		2,603		2,603		2,603
		Common stock			3,616		3,603		3,601		3,598		3,592
		Additional paid-in capital			6,524		6,517		6,494		6,451		6,385
		Retained earnings			12,632		12,317		11,939		11,600		11,347
		Accumulated other comprehensive loss			(733)		(751)		(442)		(406)		(500)
		Noncontrolling interests			96		88		76		85		94
			Total shareholders' equity		24,738		24,377		24,271		23,931		23,521
			Total liabilities and shareholders' equity	$	189,228	$	186,834	$	187,045	$	188,043	$	184,680

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BB&T Corporation
Average Balance Sheets
(Dollars in millions)



					Quarter Ended
					March 31				Change
					2015		2014		$		%
Assets
	Securities, at amortized cost (1):
		U.S. Treasury			$	2,497	$	1,634	$	863	52.8	%
		U.S. government-sponsored entities (GSE)				5,394		5,603		(209)	(3.7)
		Mortgage-backed securities issued by GSE				29,679		29,339		340	1.2
		States and political subdivisions				1,823		1,833		(10)	(0.5)
		Non-agency mortgage-backed				228		259		(31)	(12.0)
		Other				643		477		166	34.8
		Acquired from FDIC				869		972		(103)	(10.6)
			Total securities			41,133		40,117		1,016	2.5
	Other earning assets					1,999		1,875		124	6.6
	Loans and leases:
		Commercial:
			Commercial and industrial			41,448		38,435		3,013	7.8
			CRE—income producing properties			10,680		10,293		387	3.8
			CRE—construction and development			2,734		2,454		280	11.4
		Direct retail lending (2)				8,191		9,349		(1,158)	(12.4)
		Sales finance				10,498		9,428		1,070	11.3
		Revolving credit				2,385		2,357		28	1.2
		Residential mortgage (2)				30,427		30,635		(208)	(0.7)
		Other lending subsidiaries				11,318		10,236		1,082	10.6
			Total loans and leases held for investment
				(excluding acquired from FDIC)		117,681		113,187		4,494	4.0
		Acquired from FDIC				1,156		1,874		(718)	(38.3)
			Total loans and leases held for investment			118,837		115,061		3,776	3.3
		Loans held for sale				1,398		1,311		87	6.6
			Total loans and leases			120,235		116,372		3,863	3.3
				Total earning assets		163,367		158,364		5,003	3.2
	Nonearning assets					23,930		24,064		(134)	(0.6)
	Total assets				$	187,297	$	182,428	$	4,869	2.7	%
Liabilities and Shareholders' Equity
	Deposits:
		Noninterest-bearing deposits			$	39,701	$	35,392	$	4,309	12.2	%
		Interest checking				20,623		18,615		2,008	10.8
		Money market and savings				51,644		48,767		2,877	5.9
		Time deposits				17,000		21,935		(4,935)	(22.5)
		Foreign office deposits - interest-bearing				563		1,009		(446)	(44.2)
			Total deposits			129,531		125,718		3,813	3.0
	Short-term borrowings					3,539		4,321		(782)	(18.1)
	Long-term debt					23,043		22,432		611	2.7
	Other liabilities					6,618		6,724		(106)	(1.6)
		Total liabilities				162,731		159,195		3,536	2.2
		Shareholders' equity				24,566		23,233		1,333	5.7
	Total liabilities and shareholders' equity				$	187,297	$	182,428	$	4,869	2.7	%
Average balances exclude basis adjustments for fair value hedges.
(1)	Excludes trading securities.
(2)	During the first quarter of 2014, $8.3 billion of loans were transferred from direct retail lending to residential mortgage.

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BB&T Corporation
Average Balance Sheets - Five Quarter Trend
(Dollars in millions)



					Quarter Ended
					March 31		Dec. 31		Sept. 30		June 30		March 31
					2015		2014		2014		2014		2014
Assets
	Securities, at amortized cost (1):
		U.S. Treasury			$	2,497	$	2,118	$	2,183	$	1,932	$	1,634
		U.S. government-sponsored entities (GSE)				5,394		5,394		5,465		5,604		5,603
		Mortgage-backed securities issued by GSE				29,679		29,706		29,340		29,627		29,339
		States and political subdivisions				1,823		1,818		1,825		1,831		1,833
		Non-agency mortgage-backed				228		235		242		250		259
		Other				643		654		592		464		477
		Acquired from FDIC				869		892		919		948		972
			Total securities			41,133		40,817		40,566		40,656		40,117
	Other earning assets					1,999		1,830		1,842		1,977		1,875
	Loans and leases:
		Commercial:
			Commercial and industrial			41,448		40,383		39,906		39,397		38,435
			Commercial real estate—income producing properties			10,680		10,681		10,596		10,382		10,293
			Commercial real estate—construction and development			2,734		2,772		2,670		2,566		2,454
		Direct retail lending (2)				8,191		8,085		7,912		7,666		9,349
		Sales finance				10,498		10,247		10,313		10,028		9,428
		Revolving credit				2,385		2,427		2,396		2,362		2,357
		Residential mortgage (2)				30,427		31,046		32,000		32,421		30,635
		Other lending subsidiaries				11,318		11,351		11,234		10,553		10,236
			Total loans and leases held for investment (excluding acquired from FDIC)			117,681		116,992		117,027		115,375		113,187
		Acquired from FDIC				1,156		1,309		1,537		1,739		1,874
			Total loans and leases held for investment			118,837		118,301		118,564		117,114		115,061
		Loans held for sale				1,398		1,611		1,907		1,396		1,311
			Total loans and leases			120,235		119,912		120,471		118,510		116,372
				Total earning assets		163,367		162,559		162,879		161,143		158,364
	Nonearning assets					23,930		23,903		23,460		23,951		24,064
	Total assets				$	187,297	$	186,462	$	186,339	$	185,094	$	182,428
Liabilities and Shareholders' Equity
	Deposits:
		Noninterest-bearing deposits			$	39,701	$	39,130	$	38,103	$	36,634	$	35,392
		Interest checking				20,623		19,308		18,588		18,406		18,615
		Money market and savings				51,644		51,176		49,974		48,965		48,767
		Time deposits				17,000		20,041		23,304		25,010		21,935
		Foreign office deposits - interest-bearing				563		660		639		584		1,009
			Total deposits			129,531		130,315		130,608		129,599		125,718
	Short-term borrowings					3,539		3,095		3,321		2,962		4,321
	Long-term debt					23,043		22,139		22,069		22,206		22,432
	Other liabilities					6,618		6,339		6,190		6,486		6,724
		Total liabilities				162,731		161,888		162,188		161,253		159,195
	Shareholders' equity					24,566		24,574		24,151		23,841		23,233
	Total liabilities and shareholders' equity				$	187,297	$	186,462	$	186,339	$	185,094	$	182,428
Average balances exclude basis adjustments for fair value hedges.
(1)	Excludes trading securities.
(2)	During the first quarter of 2014, $8.3 billion of loans were transferred from direct retail lending to residential mortgage.

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BB&T Corporation
Average Balances and Rates - Quarters
(Dollars in millions)

					Quarter Ended
					March 31, 2015						December 31, 2014
					(1)		Interest		(2)		(1)		Interest		(2)
					Average		Income/		Yields/		Average		Income/		Yields/
					Balances		Expense		Rates		Balances		Expense		Rates
Assets
	Securities, at amortized cost (3):
		U.S. Treasury			$	2,497	$	9	1.49	%	$	2,118	$	9	1.54	%
		U.S. government-sponsored entities (GSE)				5,394		29	2.13			5,394		29	2.13
		Mortgage-backed securities issued by GSE				29,679		153	2.04			29,706		148	2.01
		States and political subdivisions				1,823		26	5.80			1,818		27	5.81
		Non-agency mortgage-backed				228		4	7.87			235		5	7.81
		Other				643		2	1.39			654		2	1.42
		Acquired from FDIC				869		31	14.46			892		31	13.77
			Total securities			41,133		254	2.47			40,817		251	2.45
	Other earning assets					1,999		16	3.13			1,830		9	1.92
	Loans and leases:
		Commercial:
			Commercial and industrial			41,448		326	3.19			40,383		332	3.27
			Commercial real estate—income producing properties			10,680		89	3.39			10,681		93	3.43
			Commercial real estate—construction and development			2,734		22	3.32			2,772		24	3.38
		Direct retail lending				8,191		82	4.08			8,085		78	3.89
		Sales finance				10,498		68	2.63			10,247		69	2.67
		Revolving credit				2,385		52	8.85			2,427		54	8.72
		Residential mortgage				30,427		312	4.11			31,046		324	4.17
		Other lending subsidiaries				11,318		249	8.92			11,351		252	8.81
			Total loans and leases held for investment
				(excluding acquired from FDIC)		117,681		1,200	4.13			116,992		1,226	4.17
		Acquired from FDIC				1,156		45	15.85			1,309		52	15.93
			Total loans and leases held for investment			118,837		1,245	4.24			118,301		1,278	4.30
		Loans held for sale				1,398		13	3.61			1,611		16	3.91
			Total loans and leases			120,235		1,258	4.23			119,912		1,294	4.29
				Total earning assets		163,367		1,528	3.77			162,559		1,554	3.80
	Nonearning assets					23,930						23,903
	Total assets				$	187,297					$	186,462

Liabilities and Shareholders' Equity
	Interest-bearing deposits:
		Interest checking			$	20,623		4	0.07		$	19,308		4	0.07
		Money market and savings				51,644		22	0.17			51,176		21	0.17
		Time deposits				17,000		29	0.71			20,041		32	0.66
		Foreign office deposits - interest-bearing				563		―	0.08			660		1	0.08
			Total interest-bearing deposits			89,830		55	0.25			91,185		58	0.25
	Short-term borrowings					3,539		1	0.11			3,095		1	0.14
	Long-term debt					23,043		125	2.18			22,139		124	2.22
		Total interest-bearing liabilities				116,412		181	0.63			116,419		183	0.62
	Noninterest-bearing deposits					39,701						39,130
	Other liabilities					6,618						6,339
	Shareholders' equity					24,566						24,574
	Total liabilities and shareholders' equity				$	187,297					$	186,462

	Average interest-rate spread								3.14						3.18

	Net interest income/ net interest margin						$	1,347	3.33	%			$	1,371	3.36	%

	Taxable-equivalent adjustment						$	35					$	36

Applicable ratios are annualized.
(1)	Excludes basis adjustments for fair value hedges.
(2)	Yields are on a fully taxable-equivalent basis.
(3)	Excludes trading securities.

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BB&T Corporation
Average Balances and Rates - Quarters
(Dollars in millions)

					Quarter Ended
					September 30, 2014						June 30, 2014						March 31, 2014
					(1)		Interest		(2)		(1)		Interest		(2)		(1)		Interest		(2)
					Average		Income/		Yields/		Average		Income/		Yields/		Average		Income/		Yields/
					Balances		Expense		Rates		Balances		Expense		Rates		Balances		Expense		Rates
Assets
	Securities, at amortized cost (3):
		U.S. Treasury			$	2,183	$	8	1.48	%	$	1,932	$	7	1.50	%	$	1,634	$	6	1.50	%
		U.S. government-sponsored entities (GSE)				5,465		29	2.12			5,604		29	2.08			5,603		29	2.09
		Mortgage-backed securities issued by GSE				29,340		145	1.98			29,627		146	1.97			29,339		150	2.04
		States and political subdivisions				1,825		26	5.78			1,831		27	5.78			1,833		26	5.77
		Non-agency mortgage-backed				242		5	7.77			250		4	7.65			259		5	6.99
		Other				592		2	1.33			464		2	1.46			477		2	1.57
		Acquired from FDIC				919		31	13.24			948		32	13.56			972		31	12.86
			Total securities			40,566		246	2.43			40,656		247	2.43			40,117		249	2.48
	Other earning assets					1,842		8	1.71			1,977		8	1.60			1,875		15	3.30
	Loans and leases:
		Commercial:
			Commercial and industrial			39,906		336	3.35			39,397		332	3.38			38,435		325	3.43
			CRE—income producing properties			10,596		92	3.44			10,382		90	3.50			10,293		91	3.57
			CRE—construction and development			2,670		23	3.46			2,566		23	3.57			2,454		22	3.64
		Direct retail lending (4)				7,912		81	3.98			7,666		80	4.24			9,349		99	4.28
		Sales finance				10,313		69	2.67			10,028		67	2.67			9,428		66	2.84
		Revolving credit				2,396		52	8.67			2,362		51	8.64			2,357		51	8.78
		Residential mortgage (4)				32,000		334	4.16			32,421		342	4.22			30,635		325	4.26
		Other lending subsidiaries				11,234		251	8.88			10,553		244	9.26			10,236		238	9.42
			Total loans and leases held for investment
				(excluding acquired from FDIC)		117,027		1,238	4.20			115,375		1,229	4.27			113,187		1,217	4.34
		Acquired from FDIC				1,537		67	17.12			1,739		73	16.77			1,874		86	18.65
			Total loans and leases held for investment			118,564		1,305	4.37			117,114		1,302	4.46			115,061		1,303	4.58
		Loans held for sale				1,907		19	4.23			1,396		15	4.21			1,311		15	4.46
			Total loans and leases			120,471		1,324	4.37			118,510		1,317	4.45			116,372		1,318	4.58
				Total earning assets		162,879		1,578	3.85			161,143		1,572	3.91			158,364		1,582	4.03
	Nonearning assets					23,460						23,951						24,064
	Total assets				$	186,339					$	185,094					$	182,428

Liabilities and Shareholders' Equity
	Interest-bearing deposits:
		Interest checking			$	18,588		3	0.07		$	18,406		3	0.06		$	18,615		3	0.07
		Money market and savings				49,974		20	0.16			48,965		18	0.14			48,767		15	0.13
		Time deposits				23,304		38	0.64			25,010		39	0.64			21,935		42	0.75
		Foreign office deposits - interest-bearing				639		―	0.07			584		―	0.08			1,009		―	0.06
			Total interest-bearing deposits			92,505		61	0.26			92,965		60	0.26			90,326		60	0.27
	Short-term borrowings					3,321		2	0.14			2,962		1	0.16			4,321		1	0.11
	Long-term debt					22,069		130	2.36			22,206		133	2.38			22,432		138	2.49
		Total interest-bearing liabilities				117,895		193	0.65			118,133		194	0.66			117,079		199	0.69
	Noninterest-bearing deposits					38,103						36,634						35,392
	Other liabilities					6,190						6,486						6,724
	Shareholders' equity					24,151						23,841						23,233
	Total liabilities and shareholders' equity				$	186,339					$	185,094					$	182,428

	Average interest-rate spread								3.20						3.25						3.34

	Net interest income/ net interest margin						$	1,385	3.38	%			$	1,378	3.43	%			$	1,383	3.52	%

	Taxable-equivalent adjustment						$	36					$	35					$	36

Applicable ratios are annualized.
(1)	Excludes basis adjustments for fair value hedges.
(2)	Yields are on a fully taxable-equivalent basis.
(3)	Excludes trading securities.
(4)	During the first quarter of 2014, $8.3 billion of loans were transferred from direct retail lending to residential mortgage.

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BB&T Corporation
Credit Quality
(Dollars in millions)

				As of
				March 31		Dec. 31		Sept. 30		June 30		March 31
				2015		2014		2014		2014		2014
Nonperforming assets (1)
	Nonaccrual loans and leases:
		Commercial:
			Commercial and industrial	$	230	$	239	$	259	$	298	$	334
			Commercial real estate—income producing properties		63		74		81		84		98
			Commercial real estate—construction and development		18		26		37		38		49
		Direct retail lending			47		48		50		49		52
		Sales finance			7		5		5		5		4
		Residential mortgage (2)			183		166		298		320		319
		Other lending subsidiaries			51		58		54		47		47
			Total nonaccrual loans and leases held for investment (2)		599		616		784		841		903
	Foreclosed real estate				90		87		75		56		59
	Foreclosed real estate-acquired from FDIC				53		56		56		56		98
	Other foreclosed property				23		23		24		19		24
			Total nonperforming assets (2)	$	765	$	782	$	939	$	972	$	1,084
Performing troubled debt restructurings (TDRs) (3)
		Commercial:
			Commercial and industrial	$	54	$	64	$	90	$	86	$	76
			Commercial real estate—income producing properties		15		27		25		27		42
			Commercial real estate—construction and development		25		30		28		30		32
		Direct retail lending			84		84		89		91		93
		Sales finance			18		19		20		18		19
		Revolving credit			38		41		44		46		47
		Residential mortgage—nonguaranteed (4)			269		261		254		814		836
		Residential mortgage—government guaranteed			325		360		437		433		387
		Other lending subsidiaries			168		164		151		141		132
			Total performing TDRs (4)	$	996	$	1,050	$	1,138	$	1,686	$	1,664
Loans 90 days or more past due and still accruing
		Direct retail lending			9		12		13		11		10
		Sales finance			3		5		5		3		4
		Revolving credit			10		9		10		8		9
		Residential mortgage—nonguaranteed			59		83		79		80		76
		Residential mortgage—government guaranteed (5)			157		238		232		254		305
		Other lending subsidiaries			―		―		―		―		4
		Acquired from FDIC			154		188		229		249		258
			Total loans 90 days past due and still accruing (5)	$	392	$	535	$	568	$	605	$	666
Loans 30-89 days past due
		Commercial:
			Commercial and industrial	$	20	$	23	$	19	$	21	$	26
			Commercial real estate—income producing properties		7		4		5		7		14
			Commercial real estate—construction and development		2		1		1		2		3
		Direct retail lending			40		41		40		41		50
		Sales finance			49		62		55		49		45
		Revolving credit			19		23		22		20		21
		Residential mortgage—nonguaranteed			356		392		424		513		485
		Residential mortgage—government guaranteed (6)			68		80		95		87		73
		Other lending subsidiaries			151		237		217		197		133
		Acquired from FDIC			47		33		41		84		85
			Total loans 30-89 days past due (6)	$	759	$	896	$	919	$	1,021	$	935
Excludes loans held for sale.
(1)	Loans acquired from the FDIC are considered to be performing due to the application of the accretion method.
(2)	During the fourth quarter of 2014, approximately $121 million of nonaccrual residential mortgage loans were sold.
(3)	Excludes TDRs that are nonperforming totaling $127 million, $126 million, $207 million, $192 million, and $213 million at March 31, 2015, December 31, 2014, September 30, 2014, June 30, 2014 and March 31, 2014, respectively. These amounts are included in total nonperforming assets.
(4)	During the third quarter of 2014, approximately $540 million of performing residential mortgage TDRs were sold.
(5)	Excludes government guaranteed GNMA mortgage loans that BB&T has the right but not the obligation to repurchase that are past due 90 days or more totaling $361 million, $410 million, $395 million, $423 million and $486 million at March 31, 2015, December 31, 2014, September 30, 2014, June 30, 2014 and March 31, 2014, respectively.
(6)	Excludes government guaranteed GNMA mortgage loans that BB&T has the right but not the obligation to repurchase that are past due 30-89 days totaling $2 million, $2 million, $4 million, $3 million and $2 million at March 31, 2015, December 31, 2014, September 30, 2014, June 30, 2014 and March 31, 2014, respectively.

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BB&T Corporation
Credit Quality
(Dollars in millions)

				As of/For the Quarter Ended
				March 31		Dec. 31		Sept. 30		June 30		March 31
				2015		2014		2014		2014		2014
Allowance for credit losses
	Beginning balance			$	1,534	$	1,567	$	1,675	$	1,722	$	1,821
	Provision for credit losses (excluding loans acquired from the FDIC)				105		84		46		83		67
	Provision (benefit) for loans acquired from the FDIC				(6)		(1)		(12)		(9)		(7)
	Charge-offs:
		Commercial:
			Commercial and industrial		(14)		(27)		(31)		(40)		(33)
			Commercial real estate—income producing properties		(9)		(4)		(8)		(11)		(8)
			Commercial real estate—construction and development		(2)		(2)		(2)		(3)		(4)
		Direct retail lending (1)			(12)		(14)		(17)		(19)		(19)
		Sales finance			(6)		(7)		(5)		(4)		(7)
		Revolving credit			(18)		(18)		(17)		(18)		(18)
		Residential mortgage-nonguaranteed (1)			(11)		(10)		(31)		(20)		(21)
		Residential mortgage-government guaranteed			―		―		(1)		(1)		―
		Other lending subsidiaries			(67)		(71)		(66)		(47)		(85)
		Acquired from FDIC			(1)		(14)		―		(4)		(3)
			Total charge-offs		(140)		(167)		(178)		(167)		(198)
	Recoveries:
		Commercial:
			Commercial and industrial		8		13		10		10		9
			Commercial real estate—income producing properties		2		7		2		3		2
			Commercial real estate—construction and development		4		4		2		10		3
		Direct retail lending (1)			8		7		7		7		8
		Sales finance			3		2		2		2		3
		Revolving credit			5		5		4		5		5
		Residential mortgage-nonguaranteed (1)			―		5		1		―		1
		Other lending subsidiaries			9		8		8		9		8
			Total recoveries		39		51		36		46		39
	Net charge-offs				(101)		(116)		(142)		(121)		(159)
	Ending balance			$	1,532	$	1,534	$	1,567	$	1,675	$	1,722
Allowance for credit losses
	Allowance for loan and lease losses (excluding loans acquired from the FDIC)			$	1,407	$	1,410	$	1,425	$	1,499	$	1,538
	Allowance for loans acquired from the FDIC				57		64		79		91		104
	Reserve for unfunded lending commitments				68		60		63		85		80
		Total		$	1,532	$	1,534	$	1,567	$	1,675	$	1,722
(1)	During the first quarter of 2014, $8.3 billion of loans were transferred from direct retail lending to residential mortgage.

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BB&T Corporation
Credit Quality

			As of/For the Quarter Ended
			March 31		Dec. 31		Sept. 30		June 30		March 31
			2015		2014		2014		2014		2014
Asset Quality Ratios (including acquired from FDIC)
	Loans 30-89 days past due and still accruing as a
		percentage of loans and leases (1)	0.63	%	0.75	%	0.77	%	0.85	%	0.80	%
	Loans 90 days or more past due and still accruing
		as a percentage of loans and leases (1)	0.33		0.45		0.48		0.51		0.57
	Nonperforming loans and leases as a
		percentage of loans and leases	0.50		0.51		0.66		0.70		0.78
	Nonperforming assets as a percentage of:
		Total assets	0.40		0.42		0.50		0.52		0.59
		Loans and leases plus foreclosed property	0.64		0.65		0.79		0.81		0.93
	Net charge-offs as a percentage of average loans and leases		0.34		0.39		0.48		0.41		0.56
	Allowance for loan and lease losses as a percentage of
		loans and leases	1.22		1.23		1.27		1.33		1.41
	Ratio of allowance for loan and lease losses to:
		Net charge-offs	3.60	X	3.21	X	2.67	X	3.28	X	2.54	X
		Nonperforming loans and leases	2.45		2.39		1.92		1.89		1.82
Asset Quality Ratios (excluding acquired from FDIC) (2)
	Loans 90 days or more past due and still accruing
		as a percentage of loans and leases (1)	0.20	%	0.29	%	0.29	%	0.30	%	0.36	%
Applicable ratios are annualized. Loans and leases exclude loans held for sale.
(1)	Excludes government guaranteed GNMA mortgage loans that BB&T has the right but not the obligation to repurchase. Refer to the footnotes in the Credit Quality section of this supplement for amounts related to these loans. The prior quarters have been revised to include government guaranteed mortgage loans consistent with the current presentation.
(2)	These asset quality ratios have been adjusted to remove the impact of assets acquired from the FDIC. Appropriate adjustments to the numerator and denominator have been reflected in the calculation of these ratios. Management believes the inclusion of assets acquired from the FDIC in certain asset quality ratios results in distortion of these ratios and they may not be comparable to other periods presented or to other portfolios that were not impacted by loss share accounting.

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BB&T Corporation
Credit Quality - Supplemental Information
(Dollars in millions)

			As of March 31, 2015
										Past Due 30-89						Past Due 90+
			Current Status							Days						Days								Total
Performing TDRs: (1)
	Commercial:
		Commercial and industrial	$	54		100.0		%		$	―		―		%	$		―		―		%		$	54
		Commercial real estate—income producing properties		15		100.0					―		―					―		―					15
		Commercial real estate—construction and development		25		100.0					―		―					―		―					25
	Direct retail lending			82		97.6					2		2.4					―		―					84
	Sales finance			17		94.4					1		5.6					―		―					18
	Revolving credit			34		89.5					3		7.9					1		2.6					38
	Residential mortgage—nonguaranteed			215		79.9					45		16.7					9		3.4					269
	Residential mortgage—government guaranteed			175		53.9					58		17.8					92		28.3					325
	Other lending subsidiaries			151		89.9					17		10.1					―		―					168
		Total performing TDRs		768		77.1					126		12.7					102		10.2					996
Nonperforming TDRs (2)				48		37.8					15		11.8					64		50.4					127
		Total TDRs	$	816		72.7				$	141		12.5			$		166		14.8				$	1,123

					Quarter Ended
					March 31				Dec. 31					Sept. 30					June 30				March 31
					2015				2014					2014					2014				2014
Net charge-offs as a percentage of average loans and leases:
	Commercial:
		Commercial and industrial			0.06		%		0.13			%		0.20			%		0.30		%		0.26			%
		Commercial real estate—income producing properties			0.28				(0.13)					0.24					0.34				0.22
		Commercial real estate—construction and development			(0.36)				(0.18)					(0.07)					(0.96)				0.09
	Direct retail lending				0.18				0.36					0.49					0.61				0.49
	Sales finance				0.12				0.19					0.12					0.09				0.17
	Revolving credit				2.32				2.27					1.94					2.28				2.30
	Residential mortgage				0.15				0.06					0.39					0.24				0.27
	Other lending subsidiaries				2.07				2.20					2.08					1.43				3.04
	Acquired from FDIC				0.10				4.19					0.13					0.92				0.67
		Total loans and leases			0.34				0.39					0.48					0.41				0.56
Applicable ratios are annualized.
(1)	Past due performing TDRs are included in past due disclosures.
(2)	Nonperforming TDRs are included in nonaccrual loan disclosures.

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BB&T Corporation
Preliminary Capital Information - Five Quarter Trend
(Dollars in millions, except per share data, shares in thousands)



				As of / Quarter Ended
			March 31			Dec. 31			Sept. 30			June 30			March 31
			2015			2014			2014			2014			2014
Selected Capital Information
	Risk-based capital:		Basel III			Basel I
		Common equity tier 1	$	15,755			N/A			N/A			N/A			N/A
		Tier 1		18,320		$	17,840		$	17,402		$	16,984		$	16,699
		Total		21,649			21,381			21,281			20,270			20,154
	Risk-weighted assets (1)			149,727			143,675			140,499			140,829			137,947
	Average quarterly tangible assets			180,790			179,785			179,268			177,983			175,424
	Risk-based capital ratios:
		Common equity tier 1		10.5	%		N/A			N/A			N/A			N/A
		Tier 1		12.2			12.4	%		12.4	%		12.1	%		12.1	%
		Total		14.5			14.9			15.1			14.4			14.6
	Leverage capital ratio			10.1			9.9			9.7			9.5			9.5
	Equity as a percentage of total assets			13.1			13.0			13.0			12.7			12.7
	Common equity per common share		$	30.48		$	30.09		$	29.98		$	29.52		$	28.98

Selected non-GAAP Capital Information (2)
	Tangible common equity as a percentage of tangible assets			8.0	%		8.0	%		7.9	%		7.7	%		7.6	%

	Tangible common equity per common share		$	20.13		$	19.86		$	19.71		$	19.21		$	18.73


Calculations of tangible common equity, tangible assets and related measures: (2)

Total shareholders' equity			$	24,738		$	24,377		$	24,271		$	23,931		$	23,521
Less:
	Preferred stock			2,603			2,603			2,603			2,603			2,603
	Noncontrolling interests			96			88			76			85			94
	Intangible assets			7,480			7,374			7,396			7,420			7,370
Tangible common equity			$	14,559		$	14,312		$	14,196		$	13,823		$	13,454

Total assets			$	189,228		$	186,834		$	187,045		$	188,043		$	184,680
Less:
	Intangible assets			7,480			7,374			7,396			7,420			7,370
Tangible assets			$	181,748		$	179,460		$	179,649		$	180,623		$	177,310

Risk-weighted assets (1)			$	149,727		$	143,675		$	140,499		$	140,829		$	137,947

Tangible common equity as a percentage of tangible assets				8.0	%		8.0	%		7.9	%		7.7	%		7.6	%

Tangible common equity			$	14,559		$	14,312		$	14,196		$	13,823		$	13,454

Outstanding shares at end of period (in thousands)				723,159			720,698			720,298			719,584			718,497

Tangible common equity per common share			$	20.13		$	19.86		$	19.71		$	19.21		$	18.73
(1)	Risk-based capital, risk-weighted assets, leverage capital and related ratios for the first quarter of 2015 are determined in accordance with the Basel III Standardized Transitional Approach, which became effective January 1, 2015. Prior period amounts and ratios were determined in accordance with Basel I.
(2)	Tangible common equity and related ratios are non-GAAP measures. BB&T's management uses these measures to assess the quality of capital and believes that investors may find them useful in their analysis of the Corporation. These capital measures are not necessarily comparable to similar capital measures that may be presented by other companies.

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BB&T Corporation
Selected Items & Additional Information
(Dollars in millions, except per share data)

													Favorable (Unfavorable)
Selected Items													Pre-Tax			After-Tax

First Quarter 2015
	None													N/A			N/A

Fourth Quarter 2014
	Mortgage reserve adjustments			Loan-related expense									$	(27)		$	(17)
	Franchise tax adjustment			Other expense										15			9
	Allowance release related to loan sale			Provision for credit losses										24			15

Third Quarter 2014
	Loss on early extinguishment of debt			Debt extinguishment charges										(122)			(76)
	Allowance release related to loan sale			Provision for credit losses										42			26
	Income tax adjustment			Provision for income taxes										N/A			50

Second Quarter 2014
	FHA-insured mortgage loan reserve adjustment			Other expense										(85)			(53)
	Mortgage loan indemnification reserve adjustment			Loan-related expense										(33)			(21)
	Income tax adjustment			Provision for income taxes										N/A			(14)

First Quarter 2014
	Reallocation of partnership profit rights			Noncontrolling interests										N/A			(16)

				As of / Quarter Ended
				March 31			Dec. 31			Sept. 30			June 30			March 31
				2015			2014			2014			2014			2014

Selected Mortgage Banking Information
	Income statement impact of mortgage servicing rights valuation:
		MSRs fair value increase (decrease)		$	(71)		$	(105)		$	(20)		$	(56)		$	(43)
		MSRs hedge gains (losses)			81			123			23			60			45
			Net	$	10		$	18		$	3		$	4		$	2

	Residential mortgage loan originations			$	4,035		$	3,888		$	4,999		$	4,710		$	3,804

	Residential mortgage servicing portfolio (1):
		Loans serviced for others			89,192			90,230			89,936			88,595			88,239
		Bank-owned loans serviced			31,887			32,027			33,490			34,154			33,703
			Total servicing portfolio		121,079			122,257			123,426			122,749			121,942

	Weighted-average coupon rate				4.18	%		4.20	%		4.21	%		4.23	%		4.23	%
	Weighted-average servicing fee				0.291			0.292			0.293			0.295			0.297

Selected Miscellaneous Information
	Derivatives notional amount			$	77,592		$	72,321		$	63,467		$	61,504		$	63,115
	Fair value of derivatives, net				185			109			56			55			(67)
	Accumulated other comprehensive income related to securities,
		net of tax (2)			8			(99)			(220)			(179)			(204)

	Common stock prices:
		High			40.17			39.69			40.21			40.95			41.04
		Low			34.95			34.50			35.86			36.38			36.28
		End of period			38.99			38.89			37.21			39.43			40.17

	Banking offices				1,875			1,839			1,842			1,844			1,824
	ATMs				3,026			2,977			2,980			2,992			2,946
	FTEs (3)				32,109			32,265			32,866			33,637			33,704

Impact of Retrospective Adoption of New Accounting Guidance for Affordable Housing Investments
	Increase to other income				N/A		$	35		$	30		$	42		$	34
	Increase to provision for income taxes				N/A			41			38			43			39
		Increase (decrease) to net income			N/A			(6)			(8)			(1)			(5)

	Cumulative impact to retained earnings				N/A			(49)			(43)			(35)			(34)

(1)	Amounts reported are unpaid principal balance.
(2)	Includes the impact of the FDIC loss sharing agreements on the acquired securities.
(3)	Represents a quarterly average.

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BB&T Corporation
Non-GAAP Reconciliations
(Dollars in millions, except per share data, shares in thousands)

		Quarter Ended
		March 31		Dec. 31		Sept. 30		June 30		March 31
Efficiency and Fee Income Ratios (1)		2015		2014		2014		2014		2014
Efficiency ratio - GAAP		60.7	%	58.3	%	66.0	%	65.6	%	60.0	%
	Effect of securities gains (losses), net	―		―		(0.1)		―		―
	Effect of merger-related and restructuring charges, net	(0.5)		(0.7)		(0.3)		(0.6)		(0.3)
	Effect of mortgage loan indemnification reserves	―		―		―		(1.4)		―
	Effect of mortgage reserve adjustments	―		(1.1)		―		―		―
	Effect of loss on early extinguishment of debt	―		―		(5.1)		―		―
	Effect of franchise tax adjustment	―		0.6		―		―		―
	Effect of FDIC loss share accounting	(0.1)		(0.1)		(0.3)		(0.2)		(0.1)
	Effect of foreclosed property expense	(0.6)		(0.4)		(0.5)		(0.4)		(0.4)
	Effect of FHA-insured mortgage loan reserve adjustment	―		―		―		(3.6)		―
	Effect of amortization of intangibles	(1.0)		(1.0)		(1.0)		(1.0)		(1.0)
Efficiency ratio - reported		58.5		55.6		58.7		58.4		58.2
Fee income ratio - GAAP		42.5	%	42.7	%	40.7	%	41.0	%	40.1	%
	Effect of securities gains (losses), net	―		―		0.1		―		―
	Effect of FDIC loss share accounting	3.3		3.5		3.5		3.7		3.5
Fee income ratio - reported		45.8		46.2		44.3		44.7		43.6

			Quarter Ended
		March 31			Dec. 31			Sept. 30			June 30			March 31
Return on Average Tangible Common Shareholders' Equity (2)		2015			2014			2014			2014			2014
Net income available to common shareholders		$	488		$	551		$	512		$	424		$	496
Plus: Amortization of intangibles, net of tax			13			14			14			15			14
Tangible net income available to common shareholders		$	501		$	565		$	526		$	439		$	510

Average common shareholders' equity		$	21,883		$	21,895		$	21,471		$	21,159		$	20,579
Less: Average intangible assets			7,366			7,385			7,409			7,378			7,379
Average tangible common shareholders' equity		$	14,517		$	14,510		$	14,062		$	13,781		$	13,200
Return on average tangible common shareholders' equity			14.00	%		15.45	%		14.83	%		12.77	%		15.68	%
(1)	BB&T's management uses these measures in their analysis of the Corporation's performance and believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods, as well as demonstrating the effects of significant gains and charges.
(2)	BB&T's management believes investors use this measure to evaluate the return on average common shareholders' equity without the impact of intangible assets and their related amortization.

Exhibit 99.3

Forward - Looking Information This presentation contains “forward - looking statements” within the meaning of the Private Securities Litigation Reform Act of 19 95, regarding the financial condition, results of operations, business plans and the future performance of BB&T that are based on the beliefs and assumptions of the management of BB&T and the information available to management at the time th at these disclosures were prepared. Words such as “anticipates,” “believes,” “estimates,” “expects,” “forecasts,” “intends,” “plans,” “projects,” “may,” “will,” “should,” “could,” and other similar expressions are intended to identify thes e f orward - looking statements. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. Such factors include, but are not limited to, the following:  general economic or business conditions, either nationally or regionally, may be less favorable than expected, resulting in, amo ng other things, a deterioration in credit quality and/or a reduced demand for credit, insurance or other services;  disruptions to the credit and financial markets, either nationally or globally, including the impact of a downgrade of U.S. g ove rnment obligations by one of the credit ratings agencies and the adverse effects of recessionary conditions in Europe;  changes in the interest rate environment and cash flow reassessments may reduce NIM and/or the volumes and values of loans ma de or held as well as the value of other financial assets held;  competitive pressures among depository and other financial institutions may increase significantly;  legislative, regulatory or accounting changes, including changes resulting from the adoption and implementation of the Dodd - Fran k Act may adversely affect the businesses in which BB&T is engaged;  local, state or federal taxing authorities may take tax positions that are adverse to BB&T;  a reduction may occur in BB&T’s credit ratings;  adverse changes may occur in the securities markets;  competitors of BB&T may have greater financial resources and develop products that enable them to compete more successfully t han BB&T and may be subject to different regulatory standards than BB&T;  natural or other disasters could have an adverse effect on BB&T in that such events could materially disrupt BB&T’s operation s o r the ability or willingness of BB&T’s customers to access the financial services BB&T offers;  costs or difficulties related to the integration of the businesses of BB&T and its merger partners may be greater than expect ed;  expected cost savings or revenue growth associated with completed mergers and acquisitions may not be fully realized or reali zed within the expected time frames;  significant litigation could have a material adverse effect on BB&T;  deposit attrition, customer loss and/or revenue loss following completed mergers and acquisitions may be greater than expecte d ;  cyber - security risks, including “denial of service,” “hacking” and “identity theft,” could adversely affect our business and fin ancial performance, or our reputation; and,  failure to implement part or all of the Company’s new ERP system could result in impairment charges that adversely impact BB& T’s financial condition and results of operations and could result in significant additional costs to BB&T. Readers are cautioned not to place undue reliance on these forward - looking statements, which speak only as of the date of this r eport. Actual results may differ materially from those expressed in or implied by any forward - looking statement. Except to the extent required by applicable law or regulation, BB&T undertakes no obligation to revise or update publicly any forwar d - l ooking statements for any reason. Non - GAAP Information This presentation contains financial information and performance measures determined by methods other than in accordance with ac counting principles generally accepted in the United States of America (“GAAP”). BB&T’s management uses these “non - GAAP” measures in their analysis of the Corporation’s performance and the efficiency of its operations. Management believes that these non - GAAP measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods as well as demonstrating the effects of significant gains and charges in the current period. The c omp any believes that a meaningful analysis of its financial performance requires an understanding of the factors underlying that performance. BB&T’s management believes that investors may use these non - GAAP financial measures to analyze financial performanc e without the impact of unusual items that may obscure trends in the company’s underlying performance. These disclosures should not be viewed as a substitute for financial measures determined in accordance with GAAP, nor are they nece ssa rily comparable to non - GAAP performance measures that may be presented by other companies. Below is a listing of the types of non - GAAP measures used in this presentation:  Tangible common equity and related ratios are non - GAAP measures. The return on average risk - weighted assets is a non - GAAP measure . BB&T's management uses these measures to assess the quality of capital and believes that investors may find them useful in their analysis of the Corporation .  The ratio of loans greater than 90 days and still accruing interest as a percentage of loans held for investment has been adj ust ed to remove the impact of loans that are or were covered by FDIC loss sharing agreements. Management believes that their inclusion may result in distortion of these ratios such that they might not be comparable to o the r periods presented or to other portfolios that were not impacted by purchase accounting.  Fee income and efficiency ratios are non - GAAP in that they exclude securities gains (losses), foreclosed property expense, amortizat ion of intangible assets, merger - related and restructuring charges, the impact of FDIC loss share accounting and other selected items. BB&T’s management uses these measures in their analysis of the Corporation’s perfo rma nce. BB&T’s management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods, as well as demonstrating the effects of significa nt gains and charges.  Adjusted non - interest expenses exclude loss on early extinguishment of debt, FHA - insured mortgage loan reserve adjustment, mortg age loan indemnification reserve adjustment, franchise tax, mortgage reserve adjustments, and merger - related charges and is a Non - GAAP measure. BB&T’s management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods, as well as demonstrating the effects of significant gains and charges.  Return on average tangible common shareholders’ equity is a non - GAAP measure that calculates the return on average common shareholders’ equity without the impact of intangible assets and their related amortization . This measure is useful for evaluating the performance of a business consistently, whether acquired or developed internally.  Core net interest margin is a non - GAAP measure that adjusts net interest margin to exclude the impact of interest income and fun ding costs associated with loans and securities acquired in the Colonial acquisition. BB&T’s management believes that the exclusion of the generally higher yielding assets acquired in the Colonial acquisition from the cal culation of net interest margin provides investors with useful information related to the relative performance of the remainder of BB&T’s earning assets.  Adjusted net charge - offs, the adjusted ratio of net charge - offs to average loans and the allowance to adjusted net charge - offs ratio are non - GAAP measures that adjust net charge - offs to exclude the impact of a process change that resulted in accelerated recognition of charge - offs in the non - prime automobile lending portfolio during the quarter ended March 31, 2014 and net charge - offs associated with certain loan sales during the quarter ended September 30, 2014. BB&T’s management believes these adjustments increase comparability of period - to - period results and believes that investors may find them useful in their analysis of the Corporation . A reconciliation of these non - GAAP measures to the most directly comparable GAAP measure is included in BB&T’s First Quarter 2015 Quarterly Performance Summary, which is available on BB&T’s website at www.bbt.com.

3 3 2015 First Quarter Performance Highlights 1 ▪ Net income totaled $488 million 2 in 1Q15 ▪ Diluted EPS totaled $0.67, excluding merger - related charges, EPS totaled $0.68 ▪ Revenues totaled $2.3 billion, up $34 million or 1.5% compared to 1Q14  Driven by continued strength in fee businesses  Record quarter for insurance business ▪ Fee income ratio of 45.8% vs. 43.6% in 1Q14 Earnings Loans ▪ Average loans, excluding residential mortgage, grew 5.4% vs. 4Q14 ▪ Growth led by C&I, Direct retail, and Sales Finance Expense Management 3 Strategic Highlights ▪ Noninterest expense was $1.4 billion ▪ 1Q15 includes $18 million increase for pension, $22 million increase for payroll taxes ▪ Efficiency ratio was 58.5% 1 Linked quarter growth rates are annualized, except credit metrics 2 Available to common shareholders 3 Please refer to appendix for non - GAAP reconciliations Note: Effective 1/1/15, BB&T retrospectively adopted new accounting guidance for Qualified Affordable Housing investments. Pr ior period information has been revised to conform to the current presentation ▪ Announced agreements to significantly increase partnership interest in AmRisc and to sell American Coastal Insurance Company ▪ Successful completion of Texas branch acquisition ▪ Successful conversion of our general ledger system

4 4 Solid Loan Growth 1 ▪ Excluding Residential mortgage, loans grew 5.4% annualized ▪ Experienced robust loan growth vs. 4Q14 in certain categories:  BB&T Equipment Finance, up 17.5% annualized  C&I, up 10.7% annualized  Sales finance, up 9.9% annualized  Regional Acceptance, up 6.7% annualized ▪ Mortgage balances declined due to management’s continuing strategy to sell all conforming loan production and the impact of prior quarter loan sales 1 Excludes loans held for sale 2 Other l ending s ubsidiaries consist of AFCO/CAFO/Prime Rate, BB&T Equipment Finance, Grandbridge Real Estate Capital, Sheffield Financial and Regional Acceptance $115.1 $117.1 $118.6 $118.3 $118.8 $110.0 $112.0 $114.0 $116.0 $118.0 $120.0 1Q14 2Q14 3Q14 4Q14 1Q15 Average Loans Held for Investment ($ in billions) C&I $ 41,448 $ 1,065 10.7% CRE – income producing properties 10,680 (1) - CRE – construction & development 2,734 (38) (5.6) Direct retail 8,191 106 5.3 Sales finance 10,498 251 9.9 Revolving credit 2,385 (42) (7.0) Residential mortgage 30,427 (619) (8.1) Other lending subsidiaries 2 11,318 (33) (1.2) Subtotal $ 117,681 $ 689 2.4% Acquired from FDIC 1,156 (153) (47.4) Total $ 118,837 $ 536 1.8% 1Q15 Average Balance 1Q15 v. 4Q14 $ Increase (Decrease) 1Q15 v. 4Q14 Annualized % Increase (Decrease) Average Loans Held for Investment ($ in millions) ▪ Expect loan growth of 3% - 5% (7% - 9% excluding mortgage) on a linked quarter basis in 2Q15

5 5 Improved Deposit Mix and Cost $125.7 $129.6 $130.6 $130.3 $129.5 0.27% 0.26% 0.26% 0.25% 0.25% 0.20% 0.25% 0.30% 0.35% 0.40% $100.0 $110.0 $120.0 $130.0 $140.0 1Q14 2Q14 3Q14 4Q14 1Q15 Total Interest-Bearing Deposit Cost ▪ Overall Noninterest Bearing DDA growth vs. 4Q14 was 5.9% annualized ▪ Personal, business and public funds DDA growth totaled 11.3%, 14.1% and 17.4% respectively vs. 1Q14 ▪ Average noninterest - bearing deposit mix was 30.6% in 1Q15 vs. 28.2% in 1Q14 ▪ Cost of Total Deposits was 0.25% in 1Q15 vs. 0.27% in 1Q14 Average Total Deposits ($ in billions) $35.4 $36.6 $38.1 $39.1 $39.7 $30.0 $33.0 $36.0 $39.0 $42.0 1Q14 2Q14 3Q14 4Q14 1Q15 Average Noninterest - Bearing Deposits ($ in billions) Noninterest - bearing deposits $ 39,701 $ 571 5.9% Interest checking 20,623 1,315 27.6 Money market & savings 51,644 468 3.7 Subtotal $ 111,968 $ 2,354 8.7% Time deposits and IRAs 17,000 (3,041) (61.5) Foreign office deposits – Interest - bearing 563 (97) (59.6) Total deposits $ 129,531 $ (784) (2.4)% 1Q15 Average Balance 1Q15 v. 4Q14 $ Increase (Decrease) 1Q15 v. 4Q14 Annualized % Increase (Decrease) Average Deposits ($ in millions)

6 6 Credit Quality Improved Across the Board 1 ▪ NPAs declined 2.2% vs. 4Q14 ▪ Delinquent loans declined 19.6% ▪ Net charge - offs decreased 12.9% ▪ Performing TDRs decreased 5.1% ▪ Management expects 2Q15 net charge - offs to be 35 - 40 bps ▪ Expect NPAs to remain stable for the foreseeable future 0.59% 0.52% 0.50% 0.42% 0.40% 0.00% 0.20% 0.40% 0.60% 0.80% 1Q14 2Q14 3Q14 4Q14 1Q15 Total Nonperforming Assets as a Percentage of Total Assets Annualized Net Charge - offs / Average Loans 1 Includes acquired from FDIC; excludes loans held for sale 2 Excludes the impact of $23 million process change that resulted in accelerated recognition of charge - offs in the non - prime auto mobile lending portfolio 3 Excludes $15 million of net charge - offs related to sale of loans consisting primarily of TDRs 0.41% 0.48% 2 0.48% 0.43% 3 0.34% 0.56% 0.39% 0.00% 0.20% 0.40% 0.60% 0.80% 1Q14 2Q14 3Q14 4Q14 1Q15 Core Charge-offs Other Charge-offs

7 7 Allowance Coverage Ratios Remain Strong 2.54x 3.28x 2.67x 3.21 3.60x 1.82x 1.89x 1.92x 2.39 2.45x 0.00 1.00 2.00 3.00 4.00 5.00 1Q14 2Q14 3Q14 4Q14 1Q15 ALLL to Net Charge-offs ALLL to NPLs HFI ▪ Coverage ratios remain strong at 3.60x and 2.45x for the allowance to net charge - offs and NPLs, respectively ▪ Criticized and classified ratios continue to decline ▪ Allowance includes adjustment for energy - related credits following a full review of the portfolio ▪ Management continues to anticipate no ALLL releases in future quarters ALLL Coverage Ratios

8 8 Net Interest Margin Relatively Stable in 1Q15 3.52% 3.43% 3.38% 3.36% 3.33% 3.29% 3.22% 3.20% 3.20% 3.18% 2.75% 3.25% 3.75% 4.25% 1Q14 2Q14 3Q14 4Q14 1Q15 Reported NIM Core NIM ▪ 1Q15 NIM declined 3 bps vs. 4Q14 as a result of:  Lower yields on new loans  Runoff of assets acquired from the FDIC Partially offset by:  Improved funding mix changes ▪ Expect NIM to decline 6 - 8 bps in 2Q15 due to the lower rate environment and runoff of acquired assets ▪ Net interest income is expected to be flat in 2Q15 compared to 1Q15 ▪ Became more asset sensitive due to changes in funding mix Net Interest Margin 1 0.33% 0.74% 1.46% 2.06% - 0.18% 0.99% 1.90% 2.55% -0.20% 0.80% 1.80% 2.80% Down 25 Up 50 Up 100 Up 200 Sensitivities as of 12/31/14 Sensitivities as of 03/31/2015 Rate Sensitivities 1 Excludes assets acquired from the FDIC. See non - GAAP reconciliations included in the attached Appendix

9 9 Strong Fee Income ▪ Insurance income was a record $440 million, up $31 million vs. 4Q14 primarily due to seasonal growth in employee benefit commissions ▪ Mortgage banking income declined $18 million vs. 4Q14 primarily reflecting lower net mortgage servicing rights income ▪ Investment banking and brokerage fees and commissions declined $18 million driven by decreased capital markets activity 43.6% 44.7% 44.3% 46.2% 45.8% 40.0% 45.0% 50.0% 1Q14 2Q14 3Q14 4Q14 1Q15 Fee Income Ratio 1,3 1Q15 1Q15 v. 4Q14 2 Increase (Decrease) 1Q15 v. 1Q14 Increase (Decrease) Insurance income $ 440 30.7 % 3.0 % Service charges on deposits 145 (38.0) (3.3) Mortgage banking income 110 (57.0) 48.6 Investment banking and brokerage fees and commissions 94 (65.2) 6.8 Bankcard fees and merchant discounts 50 (15.6) 8.7 Trust and investment advisory revenues 56 - 3.7 Checkcard fees 39 (29.0) 2.6 Income from bank - owned life insurance 30 - 11.1 FDIC loss share income, net (79) (24.1) (6.0) Securities gains (losses), net - NM NM Other income 3 112 (17.3) 6.7 Total noninterest income $ 997 (9.9) % 7.6 % Noninterest Income ($ in millions) 1 Excludes securities gains (losses), the impact of FDIC loss share accounting and other selected items. See non - GAAP reconciliations incl uded in the attached Appendix 2 Linked quarter percentages are annualized 3 Effective 1/1/15, BB&T retrospectively adopted new accounting guidance for Qualified Affordable Housing investments. Prior period infor mat ion has been revised to conform to the current presentation ▪ Management expects growth across all major fee categories in 2Q15

10 10 Noninterest Expense Up Due To Seasonal Factors 1Q15 1Q15 v. 4Q14 2 Increase (Decrease) 1Q15 v. 1Q14 Increase (Decrease) Personnel expense $ 830 18.4 % 6.1 % Occupancy and equipment expense 167 (2.4) (5.1) Loan - related expense 38 (188.5) (25.5) Software expense 44 (9.0) 2.3 Professional services 24 (149.4) (27.3) Outside IT services 30 45.1 11.1 Regulatory charges 23 (16.9) (20.7) Amortization of intangibles 21 (18.4) (8.7) Foreclosed property expense 13 121.7 44.4 Merger - related and restructuring charges, net 13 (112.7) 62.5 Other expense 219 96.2 7.4 Total noninterest expense $ 1,422 8.1 % 2.7 % Noninterest Expense ($ in millions) 1 Excludes certain items as detailed in non - GAAP reconciliation section 2 Linked quarter percentages are annualized 3 Effective 1/1/15, BB&T retrospectively adopted new accounting guidance for Qualified Affordable Housing investments. Prior period infor mat ion has been revised to conform to the current presentation 58.2% 58.4% 58.7% 55.6% 58.5% 50.0% 55.0% 60.0% 65.0% 1Q14 2Q14 3Q14 4Q14 1Q15 Efficiency Ratio 1,3 ▪ Personnel expense increased primarily due to an $18 million increase in pension plan and $22 million seasonal increase in payroll taxes, offset by a decline in FTEs of approximately 150 ▪ Other expense increased $42 million, primarily due to prior period benefits for franchise taxes and insurance - related expense ▪ 1Q15 effective tax rate was 30.6%; expecting effective tax rate for 2Q15 to remain stable ▪ Expect positive operating leverage in 2Q15 ▪ Excluding merger - related charges, management expects expenses to increase 2 - 4% in 2Q15 compared to 1Q15, driven by annual merit increases, production - related incentives, IT and professional costs, and the acquisitions

11 11 Capital and Liquidity Strength 10.2% 10.2% 10.5% 10.6% 10.5% 9.0% 10.0% 11.0% 1Q14 2Q14 3Q14 4Q14 1Q15 ▪ Fully phased in common equity Tier 1 ratio under Basel III was approximately 10.3% at March 31, 2015 and December 31, 2014 ▪ BB&T’s 1Q15 LCR was 130% vs. the minimum requirement of 90% by January 1, 2016 ▪ BB&T’s 1Q15 liquid asset buffer was 13.7% (high quality liquid assets as a percentage of total assets) ▪ Received a non - objection to our capital plan  A planned increase in the quarterly dividend to $0.27, a 12.5% increase  Share buybacks of up to $820 million beginning in the third quarter of 2015  Includes acquisitions of Texas branches, The Bank of Kentucky, Susquehanna, and AmRisc 1 C urrent quarter regulatory capital information is preliminary. Risk - weighted assets are determined based on regulatory capital requirements in effect for the period presented. The ratio for periods prior to 2015 is the Tier 1 common equity ratio, which was based on the definition used for the SCAP assessment. This ratio was a non - GAAP measure. BB&T's management use d this measure to assess the quality of capital and believes that investors found the measure useful in their analysis of the Corporation. This capital measure was not necessarily comparable to similar capital measures that may be presented by other companies. Management believes thi s m easure was fairly comparable to Common Equity Tier 1 capital, which is required under Basel III . 2 Under Transitional Approach Common Equity Tier 1 1 Basel I Basel III 2

12 12 ($ in millions) Inc/(Dec) vs 4Q14 Inc/(Dec) 1Q14 1Q15 Comments 3 Net Interest Income Noninterest Income 1 Provision for Credit Losses Noninterest Expense 2 Income Tax Expense Segment Net Income Highlighted Metrics $ 709 300 13 666 120 $ 210 $ (21) (27) (7) 25 (25) $ (41) $ (14) (5) (3) (7) (4) $ (5) ($ in billions) 1 Noninterest Income includes intersegment net referral fees 2 Noninterest Expense includes amortization of intangibles and allocated corporate expense 3 Linked quarter growth rates annualized except for production 1Q15 Like CRE - Income Producing Properties Direct Retail Lending Noninterest Bearing Deposits Total Deposits $10.7 $8.1 $35.5 $108.1 3.6% 9.5% 12.7% 2.8% Link 3 0.3% 5.5 % 7.8% 8.1% Change Community Banking Segment ▪ Commercial loan production increased $140.2 million, or 4.7%, compared to 1Q14 ▪ Direct Retail Lending production increased $289.1 million, or 49.8%, compared to 1Q14  Driven by Home Equity Lines of Credit ▪ Bankcard production increased $25.4 million , or 9.4% compared to 1Q14 ▪ Total Noninterest Expense (excluding allocated corporate expenses) declined $12.1 million, or 3.1%, compared to 1Q14 ▪ Successfully completed acquisition of 41 Citibank branches in the Texas market on March 20 th ▪ Preparing for the 2 nd quarter acquisition/conversion of The Bank of Kentucky and second half acquisition/conversion of Susquehanna Serves individual and business clients by offering a variety of loan and deposit products and other financial services

13 13 Retains and services mortgage loans originated by the Residential Mortgage Lending Division and through its referral relation shi p with the Community Bank and referral partners as well as those purchased from various correspondent originators ($ in millions) Inc /(Dec) vs 4Q14 Inc/(Dec) 1Q14 1Q15 Comments 4 Net Interest Income Noninterest Income 1 Provision for Credit Losses Noninterest Expense 2 Income Tax Expense Segment Net Income Highlighted Metrics 3 $ 109 84 (12) 102 39 $ 64 $ (18) 23 8 (5) 1 $ 1 ($ in billions) 1 Noninterest Income includes intersegment net referral fees 2 Noninterest Expense includes amortization of intangibles and allocated corporate expense 3 Highlighted Metrics do not include operating statistics for loans transferred from Community Banking in 1Q14 Change 1Q15 Link 4 Like Retail Originations $1.7 (7.2%) 21.8% Correspondent Purchases 2.3 13.8% (3.3%) Total Production $4.0 3.8% 6.1% Loan Sales $2.8 (24.7%) (3.0%) Loans Serviced for others (EOP) $89.2 (1.2%) 1.1% Residential Mortgage Banking Segment ▪ Decline in net interest income vs. 4Q14 was primarily driven by lower average loan balances ▪ Fee income decline was driven by a $9.4 million decrease in MSR Fair Value gains and a $5.4 million decrease in net servicing income ▪ Gain on sale margin increased to 1.54%, up 0.36% vs 4Q14, partially offset by lower sales volume ▪ The 1Q15 production mix was 44% purchase / 56% refinance vs. 61% / 39% in 4Q14 ▪ Credit quality remained strong with improving credit trends 5 :  30+ day delinquency of 2.10%  Non - accruals of 0.60%  Net charge - offs of 0.15% $ (11) (17) 26 (25) (11) $ (18) 4 Linked quarter growth rates annualized except for production and sales 5 Credit quality metrics are based on Loans Held for Investment

14 14 Primarily originates indirect loans to consumers on a prime and nonprime basis for the purchase of automobiles and other vehi cle s through approved dealers both in BB&T’s market and nationally (through Regional Acceptance Corporation) Comments 4 ($ in millions) Inc /(Dec) vs 4Q14 Inc /(Dec) 1Q14 1Q15 Net Interest Income Noninterest Income 1 Provision for Credit Losses Noninterest Expense 2 Income Tax Expense Segment Net Income Highlighted Metrics 1Q15 Like $ 175 - 64 41 27 $ 43 $ 3 (1) (16) 3 6 $ 9 $ 11 (1) (9) 5 6 $ 8 Retail Loan Production Loan Yield Operating Margin 3 Net Charge - offs $ 1.2 6.46% 76.6% 1.57% (19.9%) (0.78%) (1.6%) 1.04% 1 Noninterest Income includes intersegment net referral fees 2 Noninterest Expense includes amortization of intangibles and allocated corporate expense 3 Operating Margin excludes Provision for Credit Losses 4 Linked quarter growth rates annualized except for production and sales ($ in billions) Link 4 13.6% (0.48%) (1.5%) 0.34% Change Dealer Financial Services Segment ▪ C ontinued to generate strong loan growth:  Average loans were up 12.1% for Dealer Finance (excluding dealer finance wholesale) and 10.4% for Regional Acceptance vs. 1Q14 ▪ Dealer Finance asset quality indicators continue to exhibit strong performance compared to industry norms ▪ Regional Acceptance asset quality indicators continue to perform within management’s risk appetite ▪ Regional Acceptance has announced it will open a regional servicing center in Tempe, AZ in 2Q15 to support its western U.S . production offices

15 15 Provides specialty lending including: commercial finance, mortgage warehouse lending, tax - exempt governmental finance, equipment leasing, commercial mortgage banking, insurance premium finance, dealer - based equipment financing, and direct consumer finance Comments 4 ($ in millions) Inc/(Dec) vs 4Q14 Inc /(Dec) 1Q14 1Q15 Net Interest Income Noninterest Income 1 Provision for Credit Losses Noninterest Expense 2 Income Tax Expense Segment Net Income Highlighted Metrics 1Q15 Like $ 105 64 19 75 18 $ 57 $ (3) (5) 6 (2) (5) $ (7) $ 1 15 10 9 (1) $ (2) ($ in billions) Loan Originations Loan Yield Operating Margin 3 Net Charge - offs $ 3.9 4.38% 55.6% 0.30% 19.4% (0.36%) (1.2%) (0.11%) 1 Noninterest Income includes intersegment net referral fees 2 Noninterest Expense includes amortization of intangibles and allocated corporate expense 3 Operating Margin excludes Provision for Credit Losses 4 Linked quarter growth rates annualized except for production and sales (12.3%) (0.01%) (0.9%) (0.09%) Link 4 Change Specialized Lending Segment ▪ Equipment Finance’s average loans increased 17.5% vs. 4Q14 and 9.1% vs. 1Q14 ▪ Grandbridge delivered strong commercial mortgage banking results in 1Q15:  Loan production in 1Q15 was $1.3 billion vs. $860 million in 1Q14  Average LHFI increased 65.9% vs. 1Q14  Commercial mortgage income of $27 million up $10 million vs. 1Q14 ▪ Sheffield Financial’s loan growth continues to be solid:  1Q15 production increased 22.4% compared to 1Q14  Average loans increased 13.0% vs. 1Q14 ▪ Strong Commercial Finance activity in 1Q15.  Mortgage Warehouse Lending new lines of credit and line increases rose 206.5% vs. 1Q14  Asset - Based Lending new lines of credit and line increases rose 12.0% vs. 1Q14

16 16 Comments 4 ($ in millions) Inc/(Dec) vs 4Q14 Inc/(Dec) 1Q14 1Q15 Net Interest Income Noninterest Income 1 Provision for Credit Losses Noninterest Expense 2 Income Tax Expense Segment Net Income Highlighted Metrics Noninterest Income Number of Stores 3 EBITDA Margin 1Q15 Like Provides property and casualty, life, and health insurance to business and individual clients. It also provides workers comp ens ation and professional liability, as well as surety coverage and title insurance $ 3 442 - 339 34 $ 72 $ - 21 - 16 (2) $ 7 $ 2 11 - 6 10 $ (3) $ 442 198 26.5% 2.6% 3 (0.3%) Change 20.2% - (0.8%) Link 4 ($ in millions ) Insurance Services Segment ▪ BB&T Insurance generated solid insurance revenue growth vs. 1Q14 of:  3.4% for Retail  1.9% for Wholesale  2.6% for total Insurance ▪ Same store sales growth increased 3.1% vs 1Q14 ▪ BB&T Insurance produced strong new business growth vs 1Q14:  31.9% for Retail  22.9% for Wholesale 5 ▪ BB&T announced agreement to significantly increase its partnership interest in AmRisc and to sell American Coastal Insurance Company to certain members of the AmRisc management team. ▪ BB&T announced acquisition of strategic assets of NAPCO, LLC, a wholesale property and casualty broker. 1 Noninterest Income includes intersegment net referral fees 2 Noninterest Expense includes amortization of intangibles and allocated corporate expense 3 U.S. Locations 4 Linked quarter growth rates annualized except for production and sales 5 Excludes American Coastal & Crump Life

17 17 Provides trust services, wealth management, investment counseling, asset management, estate planning, employee benefits, corporate banking, and capital market services to individuals, corporations, governments, and other organizations Comments 4 ($ in millions) Inc/(Dec) vs 4Q14 Inc/(Dec) 1Q14 1Q15 Net Interest Income Noninterest Income 1 Provision for Credit Losses Noninterest Expense 2 Income Tax Expense Segment Net Income Highlighted Metrics Average Loan Balances Average Deposits Total Invested Assets Invested Assets Noninterest Income ($ in millions ) Operating Margin 3 1Q15 Like $ 121 204 24 195 40 $ 66 $ 2 (24) 6 (7) (8) $ (13) $ 16 22 24 16 (1) $ (1) $ 12.3 $ 27.6 $121.8 $ 124.0 40.0% 1 Noninterest Income includes intersegment net referral fees 2 Noninterest Expense includes amortization of intangibles and allocated corporate expense 3 Operating Margin excludes Provision for Credit Losses ($ in billions) Link 4 32.6% 2.6% 5 9.7% 0.7% (1.8%) Change 31.8% 15.6% 5 6.4% 4.5% 2.4% Financial Services Segment ▪ Average loan and deposit growth was driven by :  Corporate Banking, which generated - 31.5% loan growth vs. 1Q14  BB&T Wealth, which generated - 38.5% loan growth and 29.0% 5 transaction deposit growth vs. 1Q14 ▪ Decrease in noninterest income vs. 4Q14 was driven by lower Equity Capital Markets revenues ▪ Increase in noninterest income vs. 1Q14 was driven by higher private equity income ▪ Wealth Lending production increased 39.3% vs . 4Q14 ▪ March 2015 was a record month for Wealth Lending 4 Linked quarter growth rates annualized except for production and sales 5 Adjusted to normalize inclusion of BB&T Wealth trust and other personal deposits residing in commercial products beginning in 1Q15

Capital Measures 1 (Dollars in millions, except per share data) 1 2 Current quarter regulatory capital is preliminary Risk - weighted assets are determined based on regulatory capital requirements in effect for the period presented 3 4 Tangible common equity and related ratios are non - GAAP measures. BB&T's management uses these measures to assess the quality of capital and believes that investors may find them useful in their analysis of the Corporation. These capital measures are not necessarily comparable to similar capital measures that may be presented by othe r c ompanies . Under transitional approach 20 As of / Quarter Ended March 31 Dec. 31 Sept. 30 June 30 March 31 2015 4 2014 2014 2014 2014 Selected Capital Information Risk - based capital: Basel III Basel I Tier 1 $ 18,320 $ 17,840 $ 17,402 $ 16,984 $ 16,699 Total 21,649 21,381 21,281 20,270 20,154 Risk - weighted assets (2) 149,727 143,675 140,499 140,829 137,947 Average quarterly tangible assets 180,790 179,785 179,268 177,983 175,424 Risk - based capital ratios: Tier 1 12.2 % 12.4 % 12.4 % 12.1 % 12.1 % Total 14.5 14.9 15.1 14.4 14.6 Leverage capital ratio 10.1 9.9 9.7 9.5 9.5 Equity as a percentage of total assets 13.1 13.0 13.0 12.7 12.7 Common equity per common share $ 30.48 $ 30.09 $ 29.98 $ 29.52 $ 28.98 Selected non - GAAP Capital Information (3) Tangible common equity as a percentage of tangible assets 8.0 % 8.0 % 7.9 % 7.7 % 7.6 % Tangible common equity per common share $ 20.13 $ 19.86 $ 19.71 $ 19.21 $ 18.73

Non - GAAP Reconciliations 1 21 (Dollars in millions, except per share data) 1 2 Current quarter regulatory capital is preliminary Risk - weighted assets are determined based on regulatory capital requirements in effect for the period presented 3 Tangible common equity and related ratios are non - GAAP measures. BB&T's management uses these measures to assess the quality of capital and believes that investors may find them useful in their analysis of the Corporation. These capital measures are not necessarily comparable to similar capital measures that may be presented by oth er companies. Calculations of tangible common equity, tangible assets and related measures: 3 Total shareholders' equity $ 24,738 $ 24,377 $ 24,271 $ 23,931 $ 23,521 Less: Preferred stock 2,603 2,603 2,603 2,603 2,603 Noncontrolling interests 96 88 76 85 94 Intangible assets 7,480 7,374 7,396 7,420 7,370 Tangible common equity $ 14,559 $ 14,312 $ 14,196 $ 13,823 $ 13,454 Total assets $ 189,228 $ 186,834 $ 187,045 $ 188,043 $ 184,680 Less: Intangible assets 7,480 7,374 7,396 7,420 7,370 Tangible assets $ 181,748 $ 179,460 $ 179,649 $ 180,623 $ 177,310 Risk - weighted assets 2 $ 149,727 $ 143,675 $ 140,499 $ 140,829 $ 137,947 Tangible common equity as a percentage of tangible assets 8.0 % 8.0 % 7.9 % 7.7 % 7.6 % Tangible common equity $ 14,559 $ 14,312 $ 14,196 $ 13,823 $ 13,454 Outstanding shares at end of period (in thousands) 723,159 720,698 720,298 719,584 718,497 Tangible common equity per common share $ 20.13 $ 19.86 $ 19.71 $ 19.21 $ 18.73 As of / Quarter Ended March 31 Dec. 31 Sept. 30 June 30 March 31 2015 2014 2014 2014 2014

Non - GAAP Reconciliations 1 22 1 BB&T’s management uses these measures in their analysis of the Corporation’s performance and believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods, as well as demonstrating the effects of significant gains and charges. Quarter Ended March 31 Dec. 31 Sept. 30 June 30 March 31 Efficiency and Fee Income Ratios (1) 2015 2014 2014 2014 2014 Efficiency ratio - GAAP 60.7 % 58.3 % 66.0 % 65.6 % 60.0 % Effect of securities gains (losses), net - - (0.1) - - Effect of merger - related and restructuring charges, net (0.5) ( 0.7) ( 0.3) ( 0.6) (0.3) Effect of mortgage loan indemnification reserves - - - ( 1.4) - Effect of mortgage reserve adjustments - ( 1.1) - - - Effect of loss on early extinguishment of debt - - ( 5.1) - - Effect of franchise tax adjustment - 0.6 - - - Effect of FDIC loss share accounting (0.1) ( 0.1) ( 0.3) ( 0.2) ( 0.1) Effect of foreclosed property expense (0.6) ( 0.4) ( 0.5) (0.4 ) ( 0.4) Effect of FHA - insured mortgage loan reserve adjustment - - - ( 3.6) - Effect of amortization of intangibles ( 1.0) ( 1.0) ( 1.0) ( 1.0) ( 1.0) Efficiency ratio - reported 58.5 55.6 58.7 58.4 58.2 Fee income ratio - GAAP 42.5 % 42.7 % 40.7 % 41.0 % 40.1 % Effect of securities gains (losses), net - - 0.1 - - Effect of FDIC loss share accounting 3.3 3.5 3.5 3.7 3.5 Fee income ratio - reported 45.8 46.2 44.3 44.7 43.6 Note: Effective 1/1/15, BB&T retrospectively adopted new accounting guidance for Qualified Affordable Housing investments. Pr io r period information has been revised to conform to the current presentation

23 1 BB&T’s management believes investors use this measure to evaluate the return on average common shareholders’ equity without t h e impact of intangible assets and their related amortization. Non - GAAP Reconciliations 1 (Dollars in millions) Quarter Ended March 31 2015 Dec. 31 2014 Sept. 30 2014 June 30 2014 March 31 2014 Return on Average Tangible Common Shareholders' Equity Net income available to common shareholders $ 488 $ 551 $ 512 $ 424 $ 496 Plus: Amortization of intangibles, net of tax 13 14 14 15 14 Tangible net income available to common shareholders $ 501 $ 565 $ 526 $ 439 $ 510 Average common shareholders' equity $ 21,883 $ 21,895 $ 21,471 $ 21,159 $ 20,579 Less: Average intangible assets 7,366 7,385 7,409 7,378 7,379 Average tangible common shareholders' equity $ 14,517 $ 14,510 $ 14,062 $ 13,781 $ 13,200 Return on average tangible common shareholders' equity 14.00 % 15.45 % 14.83 % 12.77 % 15.68 % Note: Effective 1/1/15, BB&T retrospectively adopted new accounting guidance for Qualified Affordable Housing investments. Pr io r period information has been revised to conform to the current presentation

Non - GAAP Reconciliations 1 Quarter Ended Reported net interest margin vs. core net interest margin March 31 2015 Dec. 31 2014 Sept. 30 2014 June 30 2014 March 31 2014 Reported net interest margin - GAAP 3.33 % 3.36 % 3.38 % 3.43 % 3.52 % Adjustments to interest income for assets acquired from FDIC: Effect of securities acquired from FDIC (0.06) (0.06) (0.06) (0.06) (0.06) Effect of loans acquired from FDIC (0.10) (0.11) (0.13) (0.16) (0.18) Adjustments to interest expense: Effect of interest expense on assets acquired from FDIC 0.01 0.01 0.01 0.01 0.01 Core net interest margin 3.18 % 3.20 % 3.20 % 3.22 % 3.29 % 24 1 BB&T management uses this measure to evaluate net interest margin, excluding the impact of assets acquired from FDIC and beli e ves this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods.

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