BB&T FINANCIAL CENTER
BB&T Corp. had a 22.3-percent drop in second-quarter income.
- Earnings highlights
Net income: $425 million compared with $547 million a year ago.
Diluted earnings: 58 cents compared with 77 cents a year ago. BB&T took 12 cents of one-time charges during the quarter.
Average earnings forecast: 75 cents by 21 analysts surveyed by Zacks Investment Research.
Share price: Fell $1.57, or 4 percent, to close at $37.33.
Source: BB&T Corp.
Posted: Monday, July 21, 2014 7:45 pm
BB&T Corp. reported Monday a 22.3 percent drop in net income to $425 million during the second quarter.
The decrease was caused primarily by three after-tax adjustments taken related to residential mortgages. The bank took a combined $88 million in adjustments, equating to 12 cents a share.
Monday, July 21, 2014 7:45 pm.