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BB&T’s (BBT) Q1 Earnings & Revenues Beat Expectations


Have you been eager to see how BB&T Corporation BBT performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this North Carolina-based diversified financial holding company’s earnings release this morning:

Earnings Beat

BB&T came out with adjusted earnings per share of 74 cents, which surpassed the Zacks Consensus Estimate of 73 cents.

Better-than-expected results were primarily driven by a rise in revenues, partially offset by higher expenses.

How Was the Estimate Revision Trend?

You should note that the Zacks Consensus Estimate for Q1 has remained stable over the last 7 days.

Notably, BB&T has a decent earnings surprise history. Before posting earnings beat in Q1, the company delivered positive surprises in three of the prior four quarters.

Overall, on an average the company posted positive earnings surprise of 6.4% in the trailing four quarters.

BB&T Corporation Price and EPS Surprise

BB&T Corporation Price and EPS Surprise | BB&T Corporation Quote

Revenues Beat Expectation

BB&T posted total revenues (taxable-equivalent) of $2.82 billion, marginally outpacing the Zacks Consensus Estimate of $2.77 billion. Moreover, it came 9.1% higher than the year-ago number.

Key Statistics to Note:

  • Adjusted Efficiency ratio of 58.0%
  • Average loans and leases held for investment were $142 billion for the quarter
  • Average deposits were $161.4 billion
  • Dividend payout ratio of 64.0% as of Mar 31, 2017
  • Common equity Tier 1 ratio under Basel III, on a fully-phased in basis, was 10.1% as of Mar 31, 2017

What Zacks Rank Says

BB&T currently has a Zacks Rank #3 (Hold). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.

(You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.)

Check back later for our full write up on this BB&T earnings report!

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