- Earnings highlights
Net income: $547 million compared with $510 million a year ago.
Diluted earnings: 77 cents, up 5 cents from a year ago.
Average earnings forecast: 74 cents by analysts surveyed by Zacks Investment Research
Noteworthy: The company said its community bank restructuring has had minimal workforce impact in the Triad.
Share price: Rose 23 cents to close at $35.06 – just 17 cents off its 52-week high.
Source: Insteel Industries Inc.
Posted: Thursday, July 18, 2013 7:33 am
Updated: 8:21 pm, Thu Jul 18, 2013.
BB&T Corp. reported Thursday the highest profitable quarter in its history at $547 million in the second quarter, spurred mostly -- as expected -- by continued improvement in its loan portfolio.
The bank’s 7.2 percent increase in net income also benefited from an 18 percent increase in fee revenue, led by record performances in insurance, investment banking and brokerage, and trust and investment advisory segments.
Thursday, July 18, 2013 7:33 am.
Updated: 8:21 pm.