OverviewSuggest Edit

BB&T Corporation is a financial holding company. Its retail services include asset management, automobile lending, bankcard lending, consumer finance, home equity lending, home mortgage lending, insurance, investment brokerage services, payment solutions and sales finance, among others. Its commercial services include asset management, association services, capital market services, commercial deposit services, commercial finance, corporate banking, floor plan lending, insurance, merchant services, real estate lending and payment solutions, among others. The company merged with SunTrust Banks to form Truist.
StateClosed
TypePublic
Founded1872
HQWinston-Salem, US
Websitebbt.com
Overall CultureC+

Latest Updates

Employees (est.) (Dec 2018)35,852(-1%)
Job Openings779
Revenue (FY, 2019)$5.3 B(-59%)
Share Price (Dec 2019)$56
Cybersecurity ratingBMore

Key People/Management at BB&T

Kelly King

Kelly King

Chairman and Chief Executive Officer, BB&T Corporation
Barbara Duck

Barbara Duck

Senior Executive Vice President and Chief Information Officer, BB&T Corporation
W. Bradley

W. Bradley

Senior Executive Vice President and Manager of Operations Shared Services, BB&T Corporation
Brant Standridge

Brant Standridge

Senior Executive Vice President and President, Retail Banking BB&T Corporation
Christopher Henson

Christopher Henson

President, BB&T Corporation President, Branch Banking & Trust Company Chief Operating Officer
Clarke Starnes

Clarke Starnes

Senior Executive Vice President and Chief Risk Officer, BB&T Corporation
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BB&T Office Locations

BB&T has an office in Winston-Salem
Winston-Salem, US (HQ)
200 Second St NW
Show all (1)

BB&T Financials and Metrics

BB&T Revenue

BB&T's revenue was reported to be $5.26 b in FY, 2019
USD

Revenue (Q2, 2020)

2.4b

Net income (Q2, 2020)

958.0m

Market capitalization (6-Dec-2019)

41.6b

Closing stock price (6-Dec-2019)

54.2

Cash (30-Jun-2020)

41.2b

EV

48.2b
BB&T's current market capitalization is $41.6 b.
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

4.0b3.1b3.8b10.3b11.5b12.2b13.0b5.3b

Revenue growth, %

4%12%5%7%

Cost of goods sold

735.0m745.0m839.0m1.4b

Gross profit

9.6b10.8b11.3b11.6b
Quarterly
USDQ1, 2010Q2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

844.0m12.0m318.0m714.0m787.0m690.0m871.0m966.0m963.0m1.0b1.0b2.7b2.9b3.0b2.9b3.0b3.0b3.1b3.2b3.3b3.4b1.4b1.3b2.0b2.4b

Cost of goods sold

192.0m188.0m185.0m166.0m189.0m230.0m288.0m337.0m382.0m477.0m

Gross profit

2.5b2.7b2.8b2.8b2.9b2.8b2.8b2.9b2.9b2.9b

Gross profit Margin, %

93%94%94%94%94%92%91%90%88%86%
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

212.0m4.3b3.8b1.6b1.6b2.1b1.9b2.7b4.0b19.1b

Accounts Receivable

105.2b112.6b1.9b142.2b147.5b298.3b

Prepaid Expenses

331.0m

PP&E

1.9b1.9b2.1b2.1b2.1b3.7b
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

854.0m1.3b2.0b1.7b2.2b2.1b2.4b2.4b3.3b3.2b

Depreciation and Amortization

122.0m99.0m110.0m150.0m550.0m555.0m630.0m

Accounts Payable

(812.0m)(4.0m)263.0m186.0m

Cash From Operating Activities

2.9b4.6b3.7b5.3b3.3b2.9b2.7b4.6b4.3b1.5b
Quarterly
USDQ1, 2010Q2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

194.0m418.0m637.0m234.0m561.0m932.0m445.0m983.0m1.5b256.0m832.0m1.1b578.0m1.1b1.6b547.0m1.0b1.6b570.0m1.2b1.8b426.0m1.1b1.7b1.6b2.5b798.0m1.7b2.5b1.1b2.0b

Depreciation and Amortization

32.0m64.0m94.0m26.0m51.0m75.0m22.0m51.0m82.0m27.0m54.0m313.0m104.0m207.0m316.0m107.0m217.0m338.0m127.0m269.0m410.0m137.0m274.0m413.0m274.0m413.0m137.0m276.0m417.0m399.0m819.0m

Accounts Payable

180.0m

Cash From Operating Activities

637.0m2.1b2.3b2.0b3.9b4.3b1.9b2.6b2.7b465.0m2.3b1.8b632.0m877.0m1.5b(583.0m)46.0m1.9b(130.0m)861.0m300.0m158.0m1.5b3.0b1.4b3.0b(745.0m)189.0m2.0b4.6b4.6b
USDQ1, 2010

Debt/Equity

1.7 x

Debt/Assets

0.2 x

Financial Leverage

9.9 x
Show all financial metrics

BB&T Operating Metrics

BB&T's Total Loans was reported to be $143.6b in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Bank Branches

1.84 k2.14 k2.20 k

Non-accrual Loans

$616 m$599 m$572 m$585 m$576 m$786 m$793 m$757 m$736 m$723 m$612 m

Total Loans

$143.10 b$119.91 b$122.30 b$135.52 b$143.69 b$135.10 b$140.72 b$140.91 b$144.57 b$142.61 b$143.65 b
Show all operating metrics

BB&T Acquisitions / Subsidiaries

Company NameDateDeal Size
SunTrust BanksFebruary 07, 2019$28.24 b

BB&T Cybersecurity Score

Cybersecurity ratingPremium dataset

B

82/100

SecurityScorecard logo

BB&T Online and Social Media Presence

Embed Graph

BB&T Company Culture

  • Overall Culture

    C+

    65/100

  • CEO Rating

    B

    70/100

  • Compensation

    B

    72/100

  • Diversity

    D

    53/100

Learn more on Comparably

BB&T News and Updates

UPDATE 1-U.S. Fed approves merger between BB&T, SunTrust Banks

The U.S. Federal Reserve said on Tuesday it approved a merger between BB&T Corp and SunTrust Banks Inc, sealing the biggest tie-up of banks since the 2007-2009 global financial crisis.

OrthoAtlanta an Official Partner of the 2019 BB&T Atlanta Open

Serves as Official Orthopedic and Sports Medicine Provider to the Tennis Tournament for 10th Year

BB&T, SunTrust pick 'Truist' as their name when merger completes

BB&T and SunTrust Banks said Wednesday that when their planned merger is completed, their new name will be "Truist." The banks said they worked with Omnicom unit Interbrand to come up with the new name after "focus groups and analytical research" from bank employees and clients. According to …

BB&T and SunTrust Pick a New Name for Combined Bank: Truist

BB&T and SunTrust Pick a New Name for Post-Merger Bank: Truist

Regional banks BB&T and SunTrust in talks on merger of equals

Regional banks BB&T Corp. and SunTrust Banks Inc. said Thursday their chief executives are discussing a merger of equals. The CEOs, Kelly King of BB&T and William Rogers of SunTrust, said they spoke earlier today at a joint public meeting of the Federal Reserve Board and the Federal Deposi…

BB&T, Wells Fargo Get Failing Grades From Gun-Control Advocates

BB&T, Wells Fargo Get Failing Grades From Gun-Control Advocates
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BB&T Frequently Asked Questions

  • When was BB&T founded?

    BB&T was founded in 1872.

  • Who are BB&T key executives?

    BB&T's key executives are Kelly King, Barbara Duck and W. Bradley.

  • How many employees does BB&T have?

    BB&T has 35,852 employees.

  • What is BB&T revenue?

    Latest BB&T annual revenue is $5.3 b.

  • What is BB&T revenue per employee?

    Latest BB&T revenue per employee is $146.6 k.

  • Who are BB&T competitors?

    Competitors of BB&T include The PNC Financial Services Group, U.S. Bancorp and Halkbank.

  • Where is BB&T headquarters?

    BB&T headquarters is located at 200 Second St NW, Winston-Salem.

  • Where are BB&T offices?

    BB&T has an office in Winston-Salem.

  • How many offices does BB&T have?

    BB&T has 1 office.