USPages > Business Directory > Regional Banks > BB&T Corporation

BB&T Corporation

Industry: Regional Banks

Fortune Rank: 217

For the nine months ended 30 September 2005, BB&T Corporation's interest income increased 19% to $4.01B. Net interest income after LLP increased 7% to $2.48B. Net income increased 7% to $1.22B. Net interest income reflects higher average balances of loans and other interest-earning assets, partially offset by higher average balances of deposits. Net income reflects growth in the non-interest generating businesses, including insurance and mortgage banking.

BB&T Corporation (BB&T) is a regional financial holding company that provides a variety of banking and financial services. BB&T's primary market area consists of North and South Carolina, Virginia, Maryland, Georgia, eastern Tennessee, West Virginia, Kentucky, Florida and Washington, D.C. BB&T also offers various lending products, insurance and other financial services products nationwide through other subsidiaries. BB&T's principal commercial bank subsidiaries are Branch Banking and Trust Company, Branch Banking and Trust Company of South Carolina, Branch Banking and Trust Company of Virginia and BB&T Bankcard Corporation. Scott & Stringfellow, Inc., another subsidiary of the Company, is an investment banking and full-service brokerage firm located in Richmond, Virginia. On February 1, 2004, BB&T Insurance Services acquired McGriff, Seibels & Williams, Inc., of Birmingham, Alabama. On April 14, 2004, BB&T acquired Republic Bancshares Inc., headquartered in St. Petersburg, Florida.

BB&T Corporation

BB&T Corporation is a Fortune 500 company. In 2010 BB&T Corporation was ranked number 217 on the Fortune 500 list, making it the 217th largest company in the United States when judged by revenue.

BB&T Corporation achieved revenue of $10,818.00 million in 2010 and earned a profit of $853.00 million.

BB&T Corporation' rank improves

The company ranking improved in 2010, moving up the Fortune 500 list to 217th compared to 260th in 2009. This was based on its 2009 revenue of $10,404 million (a change of 0 million compared to 2010) and profits of $1,519 million (a change of $852 million compared to 2009).

Another point of view

To many investors, profits are more important than the revenue a company earns. If the Fortune 500 was ranked by profits instead of revenue then BB&T Corporation would be ranked 153rd rather than 217th due to its profits of $853 in 2010.

* US$ Million

• Address
  • BB&T Corporation
    200 West Second Street
    Winston-Salem
    NC
    27101
• Contact Details
  • Phone: 336-733-2000
  • Fax: 336-721-3499
  • Website: www.bbandt.com
  • Stock Symbol: BBT

• More banks in North Carolina

• Next Page: the 218th ranked company Cummins Inc
• Previous Page: the 216th ranked company Yum! Brands, Inc.